Evening Star Newspaper, May 13, 1930, Page 14

14wk FINANCIAL. BANKERSSIBNUP | NEW YORK STOCK EXCHANGE ~Prev. 1930.~ Stock and Sales— Prev. 22% Simms Petrm (1.60). Recelved by Private Wire Direct te The Star Office. idend Rate. ~ Add 00. High. Low. Close. Close. 29% 28% 29 29 CTRONENIN e e e . Reports Good Inquiry for 484 43 Marshall Field (2%) 7 44 43% 43% 43%| 127 116 Souther: 5% 3 Martin Parry 1 4% 4% 4% 4 | 136% 101% Souther: High. Low Dividend Rate. _ Add 00. High. Low. Close. Closs. 32 21% Sinclair Con Oil (3) 681, 51 Manhat Biev gid () 208 68l 68 68 614| 42 284 SkellyON (D). H H T H 10% 5% Maracaibo Oll Exp.. 3 8 T% 64 8 51 Snider Packing.. District Committee Chairman 3 21% 21% 21% 21 | 118 95% Solvay Am pf(6% 1 i 23 8o Porto RicoSug (3] 4 284 22% 22% 28% 14 23% 22% 22% 28% 72 56'% Southern Cal Ed (2). 18 66 65% 66 65% 15 140 28% 274 284 27Y% n Pacific (§) n Rwy (8) I Asheville Reservations. 51% 871 Mathieson Al L 17 45% 45 45 4d% Spalding (A G) (2 S 127 115 hieson pf (7).... 20s 127 127 127 127 Spang-Chalfant. S 61% 49 Dept Strs (n2).. 3 55% 55 Bg% ?; Sparks Withngtn 23 16% 't . 3 17T% 17% 1T% Y% i &co..... SRS 40% 29% MaytagCopf (3)... 4 34 34 34 34 | 80% 71 Spear& Copf (1) Claude H. Woodward, chairman of | 23% 154 Mengel Co (3). 3 the transportation committee for the, 26's 23% Metro-Gold pf(1.89). 2 26la 26l; 26l 264 [ 454 39 Spice coming convention of the District! 37 16l Mexican Seaboard . .C.| 38% 17 MiamiCopper (4)... 2 i"&"finfi”f-fi.‘;“?“ at Asheville, N. C. | 700 53 Micnigan St rm2%) 8 77 68 76% 69| 1204 102% Stand G 23% Mid-Cont Petm (3).. 76 28% 27% 28 28 | 66l 64 Stand G gda;'th:?;‘:;';s:‘f s Middle States Ofl e tion requests are 3214 Midland Sreel (3). being received at 124 Minn Moline Pwr. ... most _satisfactory 72 Minn Moline pf(634) 12 1% 1% 1% 1% 76 56% StandO 84 25% 28% 254 23%| 49 374 Stand Of Stand Of 'S » 2 = 2 K & = 2 = (4 - # @ = 467 Mo Kan & Texas 64 5T 56K 57% 56U % 314 Stand OIIN ¥ (1 E?“&«Z?’:J‘f’é‘fii 103 Mo Kan & Tex pf(7). 113 104w 104 104 104%| 8 1% Stand Plate Gla. 2 7 already _recorded, compared w it h other years on the same date, indi- cates that this year’s convention will be the largest ever held. Chair- man Woodward is most _enthusiastic over the outlook, - and other 10cAl Claude H. Woodward. | 251 ::::s:;sg n“reren:x;!ell of interest over| 49% 35% Myer(FE)&Bro(2). 4 4d% 44 44 43% going to a new place this year and 5814 38% Nash Motors (6 especially to Asheville and the Grove " N Park Inn which is so widely known as @ resort hotel. Chairman Robert S. Stunz of the sports committee, has announced the following program of special events: June 5, at 2 o'clock in the afternoon, golf_tournament for the “Pop” Fleming 12 22 58% 58 584 58% wart 354 Montgom Ward (3).. 615 44 424 44 424 3% Moon Motors........ . 584 Morrell &Co (4.40).. 6 67 66 66 67 [ 125 116 Studebal 1t Mother Lode (40c) 1% 1% 1% 1%| 70 53 SunOil 50 Motor Products (2).. fnament for the William | 4% 1% Natl Radiator. ;c.ml,-iflfis"t:g:hy. On June 7, at the| 124% 102 NatlSupply (5). same hour, the bankers' handicap tour- | 98% 70l Natl Surety (5) nament will be played. Players in this| 41% 30 NatlTea Co (2). will be divided into two classes, one| 32% 17 NevadeCopper (3) competing for the Herbert T. Shannon; 58 40 Newton Steel (3) 192% 167 N Y Central (8). , cup and the other for the Lanier P. 1101 108 N Y Cht & StL pt McLachlen cup, 1851 119 NYNH&HDL (1 The tennis tourney for the Coleman | 1831 113/ N Y NH & H vt « ings trophy will begin on the after- R R z:aokio'clock. snehal] 2088 200 N Blens finals will be played Saturday at the or 2 88 884 8B 89% | 214 141 Timken 2 31 31 31 304| 89% 70% Timken 6 50 50 50 50M| 12 7% Tobacco 18 176 174 174% 174 24 16% Transco: 5 109% 109% 109% 109% | 28% 14% Transue 16% 9% North Am Aviation.. 43 11% 11% 11% 11%| 31's 19 TwinCll 16% 164 16% 164 | 36} 211 Spicer M: 1 2815 27w | 52 29% Spiegel-May-8 (3).. 10 36 23 21% | 29% 224 Stand Brands (1%).. 113 2 35 35 35 364|108 98 Suand Ol Exp pf(6). 3 102% 6 4% Motor Meter G&El.. 13 7% 6% 6% 7% | 106% 102% Sun Ofl pt (6).. 1 58 58 58 59 9% 5% Superior O! 5 30% 30 30 30%| 29% 20 Superior Steel ; 59 59 &9 58% 4 2% Symington. . 22% 22% 22% 22%| g7 13 Tenn Cop & Ch (1) 1 1 2 13 2 .1 2% 2% 2% 24| 17% 103 Tide Water As(8Uc). 4 15% 15 15% 15 2116 114 115 118 89% 78 Tide Water Aspf (§) 14 88 5 5 2 81 23% 22% 22% 22%| 6% 2% Tobacco Products. 2 1122 122 122 122 20% 14 Tri-Contl Corp. 9 110s 1% 1% 1% 1% | 93% 894 Tri-Cntl Corp pt . 10 ) .200s 104 103 108 103% | 22 15 Truax Traer (1.60). 2 17T% 17% 17% 18 rn (10) 2 239 239 239 236 37% 32% Truscon Stl (g 1 1 8. .... 23% Mfgpf (3). 40 32% 34 32% 23% 23 234 23 &B &%) 31 116% 114% 116% 116% &Epf(4).., 3 66% 66! 66\ 66% of Cal (3%). 108 72 69% 72 69% 102% 102% 108 il of Kan (2) 43 42% 41% 42% 41% ilof NJ(12).1677 81 76 80% 76l 0). 97 37% 36 3T 364 4 915 791 79 80 474 33 Starrett (LS) (13%) 15 44 425 48% 42% 8130 130 130 129%| 20! “10% Sterling Sec (A),... 1 2 20% 19% 20 194 | 14% ,12 Sterling Seepf(1.20) 6 14 13% 134 14 -Warner (1). 8 28% 28 28 284 Webster (4). 22 99% 981 99 98% ker Corp (4). 15 38 37T 37% 374 ker Co pf(7).100: s 1) 2 65 64% 65 641y 30 8% 8% 9 80 26 23% 26% 224 I 5 5 5% 26% 24% ThermoldCo (2).... 13 2b% 26% 26% 6 16% 8t Third Avenus....... 473 361 Thomp (J R) (3.60). 39% 30 Thompson Prod(2.40) 18% 11 Thompson Btarrett.. Fophy: June 6. at 2 o'clock in the after- | 58% 32 NatiPwr&Lt(l)... 95 47% 46% 47 46%| 49% 40 Tnomp-Starpf 3%) Det Ax(800). Roller (3) 4 4 Products A.. 6 10% 10% 10% 10% ntl Ofl (30¢; 7 2 & W (1) 0) . ty Ra Tr(4).. . The ladies’ golf putting N ::;ln;sg!g:lur] i the morning of | 132% 93% North Am(b10%atk) 2 119% 118% 119% 118% | 198 97 Und-Ell-Fischer (). 32 111% 107% 110% 107 5613 51 North Am pf (6). June 7, at 10 o'clock, and the indoor | 08 |00, NOTHR A BE €6} os- 1 58% 564 BS54 O55%| 174 10 UnionBag&Paper.. 2 15 16 16 15 tting contest may be played any time guunnz the convention up to 4 o'clock | 86 spinning contest for the Edward B. Mc-| 15% 9% Ofl Well Supply. Tean cup will be held at 1:30 o'clock on | 34% 13% Oliver Farm Equ 42 31% 31 31% 304| 38% 31 UnfonT the afternoon of June 6. 90% 70 OUVFrEQPLA(6).. 6 905 89% 90% 90w | 99 43% Utd Alreraft.. The programs for speakers, entertain- | 461 31% OllvFrEqevpt(3).. 3 421 42 42) 42 | 77% 56 Utd Aireraftpf (3). ment and all other features of the con- 8% 2% Omnibus Corp...... 1 6% 6% b% 5%| 54 36 Utd Biscuit (1.60) Tention are completed, according to the| 80% 70 Omnibuspf(A) (8).. 1 82 82 82 82 | 30 24 Utd Business Pub... 2 general chairman, George O. Vass. 56 43 OppenhmCollins (5) 1 51% 51% 51% 52%| 84 44% Utd Carbon (2). e 80% 67% Otis Elev. n(23%) 9 T4% 3% T4w 78| 9 4 UtdCigarStores. Coast Line's 0dd Situation. 38% 29% Otis Steel (2%). 1 304 30% 30% 30%| 584 26 Utd Cigar Strspf. The Atlantic Coast Line Railroad Co.| 741, 521 Pacific Gas& El (2). 385 68% 674 67% 68 52 30% Utd Corporation 3104 104 104 104 | 1065, 76 Union Carbide (2.60 8% Northern Central(4). 208 87 874 87T 86 | '30™ 13 Union ONlorCal(11) ‘16 48 sor aow ow on the afternoon of June 7. The top| 96% 77% North Pacifioct(6).. 3 82 81 82 81%| 242 215 Union Pacific (10) 3 10% 10% 10% 10%| 86% 821 Union Pacifie pf ( 1 226% 226% 226% 226% % "k Car (1.60). 1 32k 32% 32% 33 168 69% 68 69% 69 3 ” 2 Bl% 51% B1% 52l 0s 24 24 24 24 31 64% 63 64% 62% 6 < 1980 484 46% 47 474 48 confronted with the necessity of Te-| 10774 72 = Pacific Lighting (3), 13 975 971, 97% 96%| 53% 46% United Corppf (3).. 17 52% 52 524 524 lacing five miles of line in Florida, be- ween “Yuste and Monticello, which it | “zay 15 had abandoned and dismantled without rmission of the Interstate Commerce 8015 Pha ARIPatRrR) s tssion. 11% 4% Panhandle P& R " The situation arises out of com-| 77i 48% Param'nt Publix (¢). 232 70% 68% 69% 69 | 32% Pacific Tel &Tel (7 49% 31% Utd Ga 19% 9% Utd Electric Coal. 105 86% Utd Fruit (4).... . 28 92 90ls YOY 924 & Imp(1.30) 412 ission’s refusal to authorize the aban-| 353, 201 Park & Tilford (33). 2 29 2 103 U S Freight (3). 1 89 89 89 89y fonment and its dismissal of the Toad's | 4 o O B Th hllesow 10 i Eenmen (3 2 225 224 23 22 belated application on the theory that 4 164 16 16 16w | 139% 3844 U S Alcohol (17). 19 94% 89 98 90 for commission to regard the line, which| “9™ 54 Pathe Exchange..... 24 7. 6% 6% 7 | 38% 18% USPipe&F (2). 19 32% 326 32% 32y has been removed, as legally existent for | 19s, 5 pathe Exchange (A). 60 16% 16% 15% 15| 19 15% USPipe& Flst1 1 19 W ‘N the purpose of the case, would amount | 327, 18y Patino Mines e NOginas - Yagg 32 Am | TG U 28 66 64 G5h 64y to a ratification of an illegal act. 14 6% Peerless MotorCar.. 4 8% 8 8 % | 35 21% US 23 29% 29 20% 29% Road is faced with a mandamus 18- 5g% 261 Penick & Ford (1)... 33 51% 50 51. 51 | 63% 47 US 7 54 2% B3 53 sued by Florida Supreme Court, on the| g0 63 Penney (JC) (3).... 14 69% 68% 68x% 69 | 6% 27 USSmeltRef (3%). 1 204 29% 20% 29 suit of that State, compelling it 0| 12 6w Penn DixleCement.. 3 8% 8% 8% 8x| 53% 48 USSmeltRefpfi%h. 1 49 49 48 48% restore the facilities. Issuance of the 86% 72% Penna R R (4). 183 7% 1% 7 77%, | 198% 165% US .- AD:\ 173% 170% 173% 171% Y% mandamus has been withheld as a| 323 230 People's Gas, Chi (8) 146 matter of comity pending outcome of | 60% 54 Peop Drug Stra(1) the case before the commission. Officials say abandonment was on the theory that commission’s order author- izing construction of a line from Mon- lo to Perry, which was intended as 8% Philip Morris (1) a substitute for the Yuste-Monticello| 4% 29% Phillips Petrm (n2). segment, also permitted abandonment| 33 = of the Ytter section. &2 o i A 15 a wr pt ( American Stores Sales Up. 52 20% Plerce Oil pi 2 4 Va El & Pwr pt (7 American Stores Co. reports for the 7% 2% Plerce Petroleum. ... 6% Va Iron Coal & Coki five weeks ended May 3, 1930, sales of | 373, 31 Pillsbury Flour ( 3 Vulcan Det (4, $14,090,912, an increase of $565,241 50%, 443 Pirellt of Italy(3.14). Vulcan Det A (4)... when compared with the five weeks| 103 1100 Pitts Steel pf (1) Vulcan Detin pt (7) ended May 4, 1929. For the period| 227, 20% Pittston Compa: 2 Wabash. from January 1 to May 3, 1930, the| 34y 25 Poor & Co (B) (3)... 2 89% 83 Wabash p! gregated $49,660,357, against| 76y 59% PRicanAmToA(7). 1 64 64 64 64%| 313 244 Waldorf Systmili) Walgreen pf (6%). sales ag $49.042,021 in the corresponding period | 27 12 PRicanAmTo (B).. 1 20% 20% 20% 20%| 103 97 of iast’ year. 54 45 PrairieOll&Gas(2). 11 47% 46 464 47 | 42% 26 Walworth Co(3). ‘The Federal Reserve Board’s condi- 5 21 52% 651% 51% b2 u% 21% wnr:sllln( :A)) tion statement of weekly reporting 6 10% 10 10% 10 16% 4 Ward Baking (8) member banks in leading cities on May 7, made public here today, shows decreases for the week of $108,000,000 in loans and investments, $254,000,000 'NJ pt (6).. in net demand deposits and $45.000,~ NJpf(1).. 4 130% 130 130 1304 | 6315 48% Warren R O E S N e Lo IR eI e T creases of $24,000, % 2% Punta Alegre Sugar. % 2% oM 2% 3 and $5.000,000 in borrowings from Fed-| 274 21% Pure Ofl (130, 4% 234 Warren 84 8W 8%| ¥0w 8% Warner Bankers to Visit Baltimore. 34% Radio Corp..... Several members of the safe deposit section of the District Bankers’ Asso- ciation will be the guests tonight of the Baltimore Safe Deposit Association. Following a dinner there will be a dis- cussion of several important safe de- sit topics. Among the Washington kers who will be present are Charles . ton ) 10% Reo Motor Car (30c) Utll Pwr&Lt A (03).. VadascoSalesCorp.. 2 4% 4% 4% 4% Vanadium St (14).. 159 106% 103 105% 1034 h 1 'lgh 72% 2% T2%| 77% 58 Ward Baking pf (7). 8 ). 215 115% 1183% 115% 118% | 70% 36% War Bros P pt (2.30) - 3111 110% 111 110 27 16% Warner-Quinlan (1). 30 24% 28% 244 23% % 224 Wess oll & Snow (2). eral Reserve Banks. 88% 66 Purity Bakeries (4). 22 74 73 i West benn El bt :1; 52 40% Westinghue » B (3). 201% 140 Westinghse E&M (5) W 59% 47 Westvace Chlor (3) 16 T T Th % 15 ical (3%). 17 46% 46 46% 464 ceees (290 T 6% T 6% Bros Pl (4). Bros (3).... Bros 1st (1). ¥dy & P (2). 208 308 308 Kl Instr (1). E. Howe, chairman of the local safe de- | 79, 501 Republic St e T T 42 31 White Motors(3)... 2 posit section; Joseph D. Yerkes, sec-| g5y 95 Republic Steelpf (6) 4 95 95 39% 27% Whit Sw Mch p‘(’u). 1 retary of the section; H. W. Ireland| 30 25 RevereCopper&Br. 1 24 24 27% 194 Wilcox& Rich B(3). 2 of the American Security & Trust CO.| 72 61 RevereC&B (A) (4). 1 66% 664 11 7% Willys-Overland.... 4 and J. M. Boteler of the Natlonal Sav-| y4s 281 Reynolds Metls3.40. 34 33 32% 72% 58% Woolworth (3.40) 11 63% 63% 62%4 ings & Trust Co. e 7% 4 ReynoldsSpring.... 1 4% 4% 162% 67% Worth Pump. 9 13¢ 1301 134 1291 On the Washington Stock Exchange| pggs, 49 Reynolds Tob B (3). 22 54% 53 91% 78 Worth Pump(B) (6, 2 90 today Washington Gas Bonds, series A, | 58 205 Richfield Ofl (). 28 24 28% sold at 1013 on $300 and $200 trans-| 25, 1614 RioGrandeOil (3).. 02 224 21k AN SeliowiEuekes = fers and the serles B bonds came out| 5oy, 4% Ritter Dent Mg (13) 8 48 48 S o 8t 105 on two $500 and one $1,000 sales. | 4gs 33 = Rossia Insur (3.20).. 15 37% 37 15% 5% Zenith Radie. 4% In the stock division 20 Norfolk & 26 53% 62% ‘Washington Steamboat rights sold at 8 92% 91 e ek % 17, Columbia Sand & Gravel sold at 108 95% 95% 95, Mergenthaler Linotype at 107, and % 40% StJoseph Lead (13). 5 46 45 Federal Storage preferred at 120. 118% 107% St L-San Fran (8)... 3 115 114% 1 Financial District Notes. 101 92 StL-SanFranpf(§) 3 99% 984 w1 70 58 St L Southwestern. ., 7 Invitations have been issued by Presi- ) dent Maurice D. Rosenberg of the Bank g“’ ’z‘i :l L Soutwn Df,li)-- } s of Commerce & Savings to officers, di wn:: "‘f- s"-l;‘ Armm- 2)...0 o rectors and employes to an outing 2 jears Roebck (3234) z lM 82 4 the Town and Country Club next Sat- urday. Several teams in the District Na-| 13% 7% Servel ino.. . Sharp & Dohme s & tional Bank's new business contest have 52 36% Shattuck(FG)(11%) 4 47 45 slready reached their quota allotment 261 20% Shell Union (1.40) 58 22% 224 and are swinging along well on the Toad to_doubling the original mark set. | 135% 100, Shell Un O bt (8 i e L The New York Stock Exchange has| g4y 351 Simmons Co (3) 28 40 89% admitted to dealings: Imperial Japa- ese government $50,000,000 external ne P I G, T | WHITNEY CONFIRMED |, o w08 v s, rp Wwhen issued. 2 b:r. ‘wmme{aeme }ze"; nmmt. has Now that stock prices have been re- n vice pres of the exchange. He adjusted to the cold realities In the AS EXCHANGE HEAD was acting president in the absence of business situation, says the United Mr. Simmons and was the directing Business Service, in this week’s report, A head of the institution during the stock it might appear that caution is no|Qfficial Who W. longer necessary. It is, nevertheless, .. | market collapse of last October and No- at Helm Dur. | vember. He is 41 years old and has been because some stocks are not going to i i ceeds E. a member of the exchange since Janu- snap back as readily as others, and ing Panic Suo sE H. H. ary, 1912, many are likely to remain in the Simmons. el dolrums untll signs of betterment in trade and industry become substan- $lally more widespread than they are at | gpecial Dispateh to The POLAND REPORTS LARGE " NEW YORK, May 13—Richarawnit-| SURPLUS FOR PAST YEAR PR R e T ney, head of the firm of Richard| According to preliminary computa- COMMODITY PRICES Whitney & Co., was elected president | tions, reported by the ministry of yesterday of the New York Stock Ex-|finance, actual revenues of the Polish change. He succeeds E. H. H. Simmons, | treasury during the fiscal year ending cONTINUE TO DECL'NE who declined re-election after serving| March 31, 1930, totaled 3,030,675,000 Commodity prices declined four- |six consecutive yearly terms as presi- | zlotys, and expenditures 2,970,742,000 fenths of one per cent during the week | dent. zlotys, leaving a surplus of 59,933,000 ended May 10, according to the whole- Yesterday's election produced no sur- | zlotys. sale price index of the National Fertil- | prises, the ticket recently nominated Actual revenues exceeded the esti- izer Association. The decline of the | having been ratified without opposition.| mations of the budget by 75,708,000 previous week of six-tenths of one per | The vote cast was 596. zlotys, while actual expenditures were cent had registered a new low level by Mr. Simmons continues as a governor | 89,212,000 zlotys below the estimated two-tenths of one per cent, and this|of the exchange, to which post he was| total. has now been increased to six-tenths of | elected yesterday for a four-year term. Net revenues of the state enterprises one per cent below the low point of | Other results were: amounted to 80,285,000 ziotys and the March 15. Warren B. Nash, re-elected treas-| net revenues of the state monopolies Six groups showed declines and three | urer for a one-year term; James C.| 886,051,000 zloty: mrmu:é“unu;xn“u? pr%cedlnz w:zk afichmgug‘mmnr:’ m!A gntmt. Jrk' it e g eciined and none ad- | Oliver C. ngs, ur F. Broderick, vanced. During the past week declines | Jay F. Carlisle, George U. Harris, L.| INVESTMENT TRUSTS numbered 35 and advances 14, while | Martin Richmond, Charles S. Sargent during the preceding week declines were | and Herbert G. Wellington, elected mem-| NEW YORK, May 13 (#).—Over-the- 48 and advances only 13. The larger |bers of the governing committee for |counter market: declines occurred in the groups of |four-year term; Raymond Sprague,|,m & cont Corp . metals, fats, other foods and textiles. | elected member of the governing com-|Assoc Stand Ol St ‘The only significant advance was in the | mittee for a two-year term, and Andrew | Bansicilla o S group of grains, feeds and live stock. | Varick t, jr, and Robert W.|British type juvest new. Based on 1926-1928 Keelips, ted members of the govern- | Colonial Investos X X committee lor-::eqeu terms. Pixed Trust w % Ludlum Stl..May 1y 8 W Rad-Kelth-O.May 19 304 1% 1k 1% 14 % % TruaxTraC..May2) 2 % 4 W % » » 1,796 800 Dividena rates as given in the above table 214 20% 205 20m 20 1 1 1% 1w 14 Warner-Quin.May 1663808 3 % W 14 Zenith Rad...May 1« 17 % % 3 % Sales of Stocks on New York Exchange M 289,100 13, quarterly COAL PRODUCTION. By the Associated Press. : ‘Total production of bituminous coal continued its upward trend during the week ended May 3, showing an increase of 1.7 per cent over the previous week. ‘The present output, however, is still substantially under that for the same period of 1929. Commerce Department e periods follow: lay 3, 8,330,000 tons 'k, 8,191,000 tons; same 898,000 tons. DIVIDENDS DECLARED NEW YORK, May 13 (#).—Dividends declared: Demand for Long-Term ties Quiet. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, May 13.—The market for speculative bonds was stepped up a little today, with prices in this group A showing gains of a fraction to 2% |4Y points. Austria 7s.... Elsewhere in the domestic list demand | Bank of Chile 614 for long term issues was small. The | Bank of Chile 6% same indifference to favorable money | Belgium &s. and market conditions as has been | Belgium 6% shown for the past few weeks prevailed. | Belgium 7 It is significant of the attitude of the | Belgium 7s *5i public toward fixed interest obligations | Belgium 74s. . that the current average price of do-|Belgium 8 mestic bonds is no higher than it was | Bolivar 7s 58 Just before the Federal Reserve Bank of {lew York lowered its rate to 3 per cent. ‘The strongest issues in the convert- ible group were Philadelphia & Read- ing 6s, which advanced about 212 points, and Anglo-Chilean Nitrate 7s, which had a larger gain. The latter has been moving up steadily ever since .it was 1 learned that the nitrate producers are et forming a combination to meet com- petition with the synthetic nitrate man- | Gnie ¢s 61 ufacturers. Last year the nitrate bonds| Chile 7s’43. s0ld at 79 and have been as low as 83 | Gon Pwr Japan 7 since the 1st of January. They are|Copenhagen 414s 5" callable at 107z, Copenhagen s rcts In the junior rails the movements i were confined to small fractions, with |Czecho 8='5 no definite tendency in this group. The | Dantsh Munte same was true of industrial bonds aside from the convertibles. The application filed by the Interborough Rapid Transit Co. to issue $40,000,000 of 5 per cent bonds has a rather academic appear- ance, inasmuch as the refunding 5s are now selling at a discount of 3C points, | Finland §3% and it is doubtful if any banking syndi- | Finland s cate would underwrite the $40,000,000 offering under present conditions at less than a 5-point commission. ‘The new Japanese 512 per cent bonds . were actively traded fractionally above 3. the issue price. It was well placed. | German EIP 6%s.. Other members of the Japanese group | German 7, were steadler. Italian municipals, | Holland-Am 6 French governments and municipals and German issues were all firm. With the new offerings already an- nounced and those in prospect, the vol- ume of new bonds this week promises to again be heavy. This will include $30,- 000,000 municipals represented by the City of Detroit and Alleghany County offerings which are being sold today. There is gossip of another piece of financing of large proportions by one of the prominent public utility corpora- tions. A feature of the market is the unsatisfied demand for short-term secu- ritles, which will undoubtedly bring a high bid on Thursday for the new Treasury bills. Washington Stock Exchange Norway 6s"44.%, SALES. Norway 6% Washington Gas 6s “A”—$100 at 101%. Washington Gas 6s “B"—$500 at 105, $500 at 105, $1,000 at 105. 5 Norfolk & Washington Steamboat rights 5 w.i—20 at 17, 20 at 17. Paris Orleans 6i4s. Columbia Sand ‘& Gravel pfd.—5 at 95. | Peru 6s '60. AFTER CALL. Mergenthaler Linotype—4 at 107. Federal Storage pfd.—2 at 120. 4 Washington Gas 6s “A"—$300 at 10134, | o o0 ool Lol Rhine West6s ‘63 13 BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bid. Asked 100 . T & Tels: g 16412 A el & Tel. etl ¢ 1047 Anacostia & Poi. R 83 Ana. & ua; C. & P. Tel. of Capital Traction City & Suburban 5s... Georgetown Gas 1st 5s. Elec. cons, 8% Sao Paulo 98 '3 Sao Paulo '50. Saxon (PW) 7s Serbs-Crot-Slo Shineyetsu 63 Solssons 6 Sweeden 5%s. i 5s.. ey 03 | Swiss 5%s 46 a ries 10812 | Swiss Confed Wash, Rwy. & Elec. 4s. L 1 MISCELLANEOUS. Toho E1 Pwr ¢ I m 1 oho T8 B it Hote 3 Tokio 88 Chevy Chase Club 5 ‘Tokio 514861 . L3 L AL Utd Kingm 5% 37 ¥ S sl o : STOCKS. e LIC UTILITY. Warsaw 7 o Yokohama Abitibl P&P 6! Alleghany Cp Alleghany 6 teambont (1 Steambont i c. Pow. 6% pfd i 1, . col ® Allis Chalm 6°3 o8 Am Agri Chem 1348 s Am Chain 6 cees NATIONAL BANK. AmChem 5% s ev'49 Capital (14) 3% | Am Cotton Ofl bs. .. Columbta (13} 1) £33 4io"" | Am IntCor 5% 314 24 | Am Metal 518 '34.. 3% |AmNatGas 6% w42 i35 |AmSmit&R1stss s Second '(9e) Washington (13) TRUST COMPANY. 390 | Armour. Del.6%s. Atl Gulf 6569, Bell Tel, Pa. 68 (B) Bell Tel Pa 68 (C).. Bethlehm £tl pm b8 Brklyn Edison §s SAVINGS BANK. Bank of Bethesda (6§) . Commerce & Savings (1 East Washington (12) Potomac _(10)... Security Sav. & Com. (il Seventh Street (12 United Siai : Washington Mechi (20) FIRE INSURANCE. 32 Amerfcan (12). Corcoran (10) Firemen's ( National Union’ (i TITLE INSURANCE. Columbia (6h) al Estate ( Title & Inv. Co. Md. com. MISCELLANEOUS. Barber & Ross, Inc, col Chevy Ch. Denver Gas 5s. ... Det Edison b8 ‘40. Dodge : Duquesne 4% '67. . East Cuba Sug T%s Fisk Rubber § Gen Cable 538 "7 ston_Monotype ( Merch. Trans. & Stge. com. Merch. Tr. & Stor. prd. (1) T Linotype (Tn). % Inv. pfd. Humble O & R 6%a 11i Bell Tel 6s. ... 11l Steel 4%8°40. ... Inland Steel 43 18 Intl Coment 68 e il Intl Mateh 6847 : r Intl Mer Mar Babe agraored: AN nm 584 Ki Kendall 6%5'48 ww Laclede 5%s ‘53 Lautaro Nitrate 6: Ligr&Myers 65 '51. Liggett & Myers Ts Chicass Rocy 1sin i Loriliard (P) gm‘hhoogur Co. 7. McC'rmek ER 6s'3: Fdtten” £ R 3 Montana Pwr *43. IR 54 Ford M Pra (A D rets) 7.899 £. Jun2 My 15 4 Un D'Electricite 13% .. General Pet. Corp. 6s 1t Nat Datry 6% - Nat Radiator o Gen Mo, u‘cepl ."c::rpf ;:.;1351, Montana Pwr dbba NING STAR, WASHINGTON, D. C., TUESDAY, MAY 13, 1930 SPECULATIVE BOND | (= o BONDS s [TREASURY REFUND 51 1024 13 20 port - ooy aSelanmataonlEwsnas Low. Closs. 39 10012 1009 1009 1 23 10116 10116 10116 | Phila & Read 65°45.328 107% 105 105% 1021 1023 | Phillips Pet 6% 49 97 964 97 11012 1012 1012 26 10511 10510 10511 Group Slight—Rail Securi- |US¢%ss2.. "5 1123 11123 11128 FOREIGN. . High, 87% 98% 981 104% MISCELLANEOUS. FINANCIAL =iz FINANCING 15 DUE 20 100% 100 100 Last of High Coupon Certifi- cates Soon to Be Called for Redemption. 90% 90U 0% 95% 95% 5N 98% 984 9rly 981 98% 98w 40 40 40 Low. Close. 37 100% 1004 100% 87% 87% | Rem Rand 6%s war 99 99 99 981 98% | Richfield Of1 96% 96 96k 100% 100% 100% 984 98U 2 102 101% 102 0 98% 98% . BY CHARLES F. SPEARE. 93 93 : 103% 103% 103% | SPecial Dispatch to The Star. 8 984 98% 26 100% 99% 99%| NEW YORK, May 13.—Preparations 984 984 96% 964 96w | will soon be under way by the Treasury o 0o 103 102w 103% | Department for refunding the last of 104% 104% 32 1031 108 - 1031 | the high coupon Treasury certificates Seic b otn 32 'on 9% 193%| which were issued during the era of money stringency and compelled the Torw 100 19%% | Government & year ago to megotiate & 108 102% 103 | $400,000,000 nine-month loan at 5% per cent. 112% 112%| United Drug 5s°63. 16 96% 95% 95%| These notes fortunatel . ly matured at 108% 108% | U S Rub 1st rf b 85% 86l 85% | a time when rediscount rates were fall- 4 3 2 7! 98 98 |Tenn El Pwr6és™47. 17 4 7 6 .4 115 115 | U8 Rubber 1%s § 100% 100% 100% | ing, and at a substantial saving of in- / o 2 1 0 o 1 5 L 102% 102% | Tex Corp ev bs'44. . 4 10714 1078 | Transcontl Ofl 6358 110% 110% | Utah PwraLt bs. .. 100% 100% 100% o e terest to the Nation. Following the sale 92 9l 92 | of a new issue of $100,000,000 of Treas. ki War Quin 9 2% 921% 921 |y, - ry bills, for which bids will be re- Bt 103% 103% 103% | ceived next Thursday, Secretary Mellon 109% 108% 108% | and his staff will take up the question 1064 106% 106% | of the amount and the character of the 1004 100% 100% | next loan, which is to retire about 101 101 101 |$550,000,000 of 47 per cent certificates 103 103 103 |that came on the market last Septem- R2% 83 | White Eagle 5%s 82% 83 | Willys-Ov 89% 89K 100% 100% :z:“ :::“ 102% 102% 102% | ber and were nearly three times over- 103% 103% RAILROAD. g 91 914 |AlaGrtSou4s’ds.. 2 93% 93% 93% Last Notes Outstanding. 91 91% | Atchison adj 4s. This is the last one of the high cou- 100% 100% | Atchison gen 18 94% 94 94 91% 91%|At1&Danlstds'ds. 2 63 63 63 |grg) Reserve rediscount rate in New 9% 9T% 100 100 110% 110% 108% 108% 109 109 92U 92% 105 105% . 20 94 93y 93y | York, and approximately the high +ee. 22 100% 100 1004 | average of stocks last year, also of -182 102% 102% 102% | brokers’ loans. Its success under these % 26 104 103% 103% | circumstances was due, not only to the B& 0582000 (D).. 30 104 103% 104 |unusual rate of interest allowed on it, 4 104% 104% 104% | but to its exemption from ordinary otk a0my 3 109% 109 109 |normal taxes and immunity from sur- 10214 102% 1108 108 103 |taxes. In adopted its policy toward this 1 87% B87% 87%|issue the Treasury Department depart- 89 89% 7100 99% 100 |ed from former custom, and by making 97 o 93 93 93 |the 47 per cent notes free from taxes 100 100 s... 28 99% 99 99 |and giving an equivalent from it of 6% 108% 108y | BXlyn Un El bs '60. 87 87 87 r cent on incomes in excess of byedes Buff R & Pitt Vit 117% 117% | Gus T4 ok 98% 98% 93% | $100,000 it drew in an enormous amount 122% 122% S ey 9 96 96 |of subscriptions from individuals and 7 95% 95 95 |relieved the banks from taking a large 11 96% 95% 95% |part of it at a time when their re- 108% 108% 6 102% 102% 1021 | sources were being used to a greater 84 8 102% 102% 102% | extent than ever before for collateral 2 110% 110% 110% | loans in the market, 3 104% 104% 104's| With the 47 per cent certificates 98% 99 .2 S7 861 87 |within a month of maturity, they are 96% 96% 2 991 99% 99 |quoted only a little above a 2 per cent 97% 9TH 12 102% 102% 102% | basis. The next Treasury issues follow- | 102% 102% 1109 109 109 |ing it are the 3! per cent notes, due 83 831 | Cent of Ga 6sC 59 2102 102 102 |September 15. which are quoted on 79 79 |CentPaclst5s’'90. 2 104% 1044 104% | about a 2% per cent basis, and the 3% 98% 93% | Ch 15 100% 100% 100% | per cents, maturing December 15, now 103% 108% | Ch 6 97% 97% 97%|close to a 3 per cent basis. If the 108% 108% 7 98% 97% 984 | Treasury Department follows its former ooy 77B.. 12 98% 98% 98% |custom, it will offer for subscription 2008611008 5 106% 106% 106% | another nine months’ note, maturing in 108% 108% s 1 78% 78 78 |March, 1931. As the rate to be placed S7i 87y |ChIGr West4s'ss. 32 69% 69t 96%|on this note will represent the best S7i Sri[Chilnd & Lref5s.. 10 103% 103% 1034 | judgment in the country as to the prob- 10&‘!: uu‘ CM&StPrct4%s89 1 96 96 96 |able course of the money market dur- o "'A ChiMiIStP&P 6 20 92% 924 92% |ing the remainder of this year and in :: CMSP&Pac adj 38 674 66% 66%|the first quarter of 1931, this will be CH&NW rends... 8 0% 90% ooy |iooked for most eageriy by 'inyestment 98 103% 103% | Chi NW 4348 2037.. 2 98 houses and business interests as a cue 10134 101% | Chi & NW con 4%w. 7 101% 101% 101% | "‘"fn 'E!;’ev’ e expect to pay for 89% 8% [Chi& NWref5s... 23 106% 106% 1067 | MOR€Y =i e 96l 96% Ny 3109 109 109 Several Sales Made. 102% 102% 3 100 v 104% 104% | Chicago Rwys 5s... 14 79: ’23“ “-;3,,h Since the 47; per cent certificates 101% 101% [ChiRI&Pgn4s.. 11 90% 90% 90y |Were issued the Treasury Department 77% 7T1%|ChiRI& P rf 4 22 971 974 971 | has made several sales of Treasury bills. ¢ 84% 854 28 95% 9% 9514 | These have been steadily gaining in 941 9da 10 91% 911 91u | favor. They are attractive to banks and 106% 106% | Chi Un Sta 634s.... 2 115% 1161 1153 | COrporations at a time when there is & 100% 100% | C& W Ind5%s62. - 7 105 1041 104% | Plethora of funds and an urgent de- CCC&StL deb 4% 6 100% 100% 1001 | mand for short-term securities of the Clev Term 4348 '17. 98 | highest quality. It is quite probable, Clev Term 6 1105 105 105 |[therefore, that Secretary Mellon may be 1 99% 995 99y [ d isposed to increase the sales of Treas- . 25 63% 63% 6815 |Uury notes and to decrease the amount 21 93 of Treasury certificates in his program 2 31 98 93 | of refunding the $549,707,500 of 47 per g;u cent certificates due on June 16. 29% - Xgfl\ lgg% 9% 9% (Copyright. 1930.) Erie conv 48 (A). 84 9Tk 9TH {107 1975 | Erle 1at con o b 10 9% 9 19 95 94% 94w 89% 89% 103 1084 3 100% 100% 100 | &P e Md, My 13—Potae 104 104 |FlaEastCBs*14... 7 56 56 56 | ioes, white, 100 pounds, 2.2583.00; new, 104% 104% | Fonda J&G 4%s'53 1 20% 291 29% | pygshel, 1.25a2.25; sweet potatoes, iurrd.. 107% 107% 1 105% 105 105% | 2.5025.00; yams, barrel, 3.50a4.00; as= 9% 99% 111 | paragus, dozen, 50a2.00; beets, crate, 100% 100% N 98 | 2.00a2.50; beans, hamper, 1.25a3.00; 9% 9% 97 | cabbage, hamper, 75a1.50; carrots, bush~ 90 40% 10 98 971% 97| el, 1.00a1.25; caulifiower, crate, 1.75& 104% 105% 5 105% 105% 105% | 2.25; celery, crate, 3.00a4.25; kale, 98 98% | Gt Northern 5%s. 1 110% 110% 110% | bushel, 25a50; lettuce, hamper, 1.25a 88 88 |GreatNorgen7s... 17 111% 111% 111% | 2.25; lima beans, bushel, 6.00a7. 78 78% |Green B& Wdeb... 35 27% 27% 27% | ions, 100 poun green, 95% 95% | Hav El Ry 5%s 'S 541 | 1.0081.25: radishes, 100, 1.0082.00; spin. 83 | ach, bushel, 25a50; squash, bushel, 1.50 991 | 32.50; tomatoes, crate, 1.50a4.50; apples, 25 3.. 11 8614 86K 864 bushel, 1.25a3.50; grapefruit, box, 3.25a 101% 101 101% 92 | gas: box, 3.7589.50; pineappl 100% 100% 100% 89% ‘m”uf"?‘&?u':%f "tn:“berflgs. m 101% 101% 101% 2 109% 109% 109% Dairy Market. 107 106% 106% 10 71 704 70% Poultry, alive — Chickens, Springers, 100% 100% 1004 Leghorns, 25a32; old, 100 100 100 15a18; old hens, 25a26 99% 99% 99 9 89 | horns, ducks, 14a2l; Spring 91% 91 91% 101% 101% | ducks, 25a26; guinea fowls, each, 50a75; Toask 103t 1oss | K 21008 0t ton | e Pciigte 1 aan rby % 103% | Kan City Sou 58 1 101 pts, 1403 cases; nea 166% 164% 166 | Kan City Term 15 000 “o0m *G0u | frsts, 22a22%; hennery -whites, firsts, 10" 108" 108 18 oo o oo | I — Good to fancy cream: 104% 1044 104% 2 100% 109% 100k | e iadles, S0ASY: rolls, 35% 073 296w ‘am gpig| POUNC. SHaSY. ACie R Y 107% 107 107% 68 991 983 osy | 28; Process, 30a31; store packed, 1920, lgm 12; lggu 93 105% 106 105% Hay and Grain Prices. £3% 83w 83K 14 68% 53 53 | Wheat—No. 2 red Winter, export, 77 Te% 17 4 92% 92 92 |105: No. 2 red Winter, garlicky, spot, el ol 101 100% 100% 1008 1 1.08%; May, 1.08%; No. 3, garlicky, no 107% 107% 107% 2 13 13k 13% | quotations. 108 102% 108 1 88% 88% 88%| Corn—No. 2 domestic, yellow, new, 105 105 105 1 984% 984 984 |92a93; cob corn, mew, 4.75. 50 50 50 - 4101 101 101 Oats—No. 2 white, domestic, spot, 95% 95% 95% | MK&Texds(B).. 6 Y No. 3 white, domestic, spot, 79 784 78%|MK&T prinks(A). 7 108 103 103 s e o iy djBs.. 26 1044 104% 104% | Hay—Receipis, none; no change in 9T 9% 97K 16 100 ,78% 78% | market. Some little hay is arriving, but 48 % aT% o5 199, | nardly enough upon which to establish 106% 106 106 9% | quotations by grades. Price range, 103% 108% 108% . 20a25. e 7 91k 9% 9i% Live Stock Market. 103% 103% 108% 20 98% 98% 98% | Cattle—Receipts, 50 head; light sup- 96K 95 95 6 100% 100% 100% | ply, market dull. 9% 9% 99% 15 1073 106% 108% | = Steers—Choice to prime, none; good T 1107 107 107 |to cholce, 11.00a12.00; medium to good, 65 1o Ton 2 79% 9% 79%|10.75a11.30; fair to medium, 10.008 o 1 974 97u 97%10.75; piain to fair, 9.00a10.00; common 108 10 1o 2 9% %W 930 plain, 8008000 gk % 101k 1013 | 8.50; fair to medium, 7.7528.00; plain 106 105% 105% » L 1. .00; plain to 24 9 94 : “":"‘ 102% 1024 | fair,’ 7.2507.75; common to platn, 7658 % 101% 101% % 5% 85% | 1 101% 101% 101% 6 941 93 93% | . Cows— Cholce to prime, none; good to 105% 105% 105% 0 101128 124% 125 g 00, Tair to medinm. 60007 30 Sia 0% 995 9% 99% NH&H elt 65.. 11 105% 105% 1053 | go37" S0 80 med'um, 6.00a7.00; plain to lg:k xzu 94 Railway 6 : l: :“ 5% | 500, .00; common to plain, 3.75a Jogs 1ane 15, 15 | Heifers—Choice to 1004 100 1001 88% | to choice. none: medium %o good. 1 o0 e o100 9241 10,00; fair to medium, B.00a3.00; pias 132 1o i;“ Nor Pacifie 22 113 113 110 g T - % 122% Y Pre: Fre: flnm e <8191 91 91 no.:lw‘.'h e ey Penna 4%81970... 3 Sheep and lamb. - Recei| head: S 0ew 1o na o % a: 18& l:g% 133* light supply, market lowuw 2.008 12§u lgyu 108% 9 101 100% 101 |[6.00: Spring lambs, 11.00a13.25. s 12 104 108% 1081 | HOgs—Receipts, 700 head; moderate "0‘- 103% 103% 3109 109 109 |Supply, market spotty; ughu. 10.908 lnh :20 120% 1 864 861 863 [11.15: heavies, 10.25a10.95; medium, 13 ggu 128 | p 48’58 5 9214 91 921 [10.95a11.15; roughs, 7.50a9.50; light W o aule q - 11 104% 108% 10434 (Plgs, 10.00310.75; pigs. 107511 00, % 894 894 { Port K1 P L 6 . 8100 100 100 Calves—Receipts, 150 head; fair sup- 4 93% 94 |Port RL&PG6s'30. 1 99% 99% 99% |Ply, market lower; calves, 6.00a11.00. 109 107% 109 843, 1 101% 101% 1014 wfi“ :33;‘. }ggu ST T Sales, Aish Low. Close 101% 1011 1014 | Reading J C % 92% - 92 g“'"""“ 7 9% 014 91% 100 99% 100 1st4s.. 18 924 92 9215 | Sou Rwy con < 2 109% 109% 109% 27% 21 27 |RIArk&Le%s... 16 98% 981 98%|TermAssoSL4s.. 1 90 90 90 105 106 5101 100% 100 | Texas& Pacist... 1 109% 109% 109% 100% 106% 111 108% 104% 102 105% 1 02% 102% 10 9 Tex & Pac 58 C'7! 15 1 1 1 S Son son sert|Tol TrLAP§%w30 5 100 100" 106" 100% 10054 50 93% 931 93% | Union Pae 1st 4 5 9 }m :m tL & 17 108% 103 108% | Union Pa 2 935»: 333 'N‘):: 1% 11o% “ 1§ 98% 98% 98% | Union Pac ¢}4s.. 98% “98% 103% 104 " 100 106 | Virstaa Ry 1t e . 15 106 105% 106 11 105% 105% 105% 101% 1014 | Seaboard AL 7 57 Wabash 4uThret 26 98% 934 9aw ll::fl 105% ! 3eaboard AL en 6; 1 | Wabash 1 1023 1023 14