Evening Star Newspaper, May 14, 1930, Page 15

FINANCIAL, &3 A5 NEW LOAN FAVORED BY LOW INTEREST Uncle Sam Likely to Obtain $100,000,000 on Very Easy Terms. "STOCK AND BOND AVERAGES By the Assoclated Press. From Yesterday's 5:30 Edition. STOCKS. Today ...... Previous day Week ago. Year ago. Two years 3 Three years ago, ¢ FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, MAY 14, 1930.. " CHICAGO STOCK MARKET Received by Private Wire " el Prese: . CURBSHARESGAIN || NEW YORK CURB MARKET bt tnrier iz || <o . complete offical list of transactions in i stocks on the Chicago Stock Exchange ’ IN Ac]lvE TRABING Toar 190 pilicnd Hide. AG000 Open muh. Low. Close. | Bk 'ow DiiGend Rate. AGTE. Open. Hish. Low. Close. | Sairs - srocks. High. Low. Close. b Acetol Prod (A)..... 1 10% 10% 10% 12 6 Lakey Foundry 5 6w 6w BN BY 5 6 60 & ograph (1 25% 14% Lefcourt Real(t: 2 00 Ada eiises o 8 Aeronautic Ind war. 4 Leonard Oil. . % 850 Addressograph Inter. Al orth (32%). Lily Tulip Cup 1% vzgg fl]l]n:fln lr;zg‘“{?:x.. - Oils, Utilities and Miscella- | neous Industrials Regis- ter Advances. L Loew’s, Inc (war). .. Lone Star Gas, n (1), 12 Am C P&L(B)(10%) Light(60c). 2 High (1930). Am Co'with Pwr war d Lt pf (7).. 508 Low (1930). Am Com I'(A) b10%. < 3 Lo Lan&Ex. 15 3 0 % : TH Am Control Ofl Fids. N MacMarr Stores (1). 2 1 g g 10 Asko Ter & Ter 9, 97 @ BONDS. Am Cynam B (1.60). Mangel Strs pf(6%).300 1 Am Dept Stor Mfg Finance v.te.... : Am Equities.......e % Marine Mid (1.20), Am For Pwr(war). ., Mavis Bottling. ..... 4 Am Gas & Elec (31). Mayflower Asso (13) Am Gas&Elec pf(6). 10845 10814 Mead Johnson (3% ) Am Invest (war) JaEey Memphis Nat G Am Invest, Ine ( 3 esabl Iron 8 IR NOX NI ighan lovek, A LkTraecdors. 82 10w 18 Mesta Mach (11.70) . Cities Service gained fractionally as Am Maricabo % an W 4% Met & Min, Inc(1.20) the Produce Exchange began dealing Am Natural G 0 1% 18% Mid W Sta Ut (1%). Am Service C 9 Mid Wst Util(b8%) . in when-issued rights giving the com- S é Mid Wst Util A r. mon shareholders the privilege of sub- A0 BUDATORE pail 0% 4 e Am Superpwr pf 1 96% 96% 8 Mid Wst Util B war, scribing to convertible bonds. The rights (6). 2 100% 100% Mid Sts Pet v.t.c. A opened at $1 and later sold at $1.3715. oo et ol i Am British & Cont. . Am Cit P&L(A)(a3) BY JOHN L. COOLEY, Associated Press Financial Writer. NEW YORK, May 14.—Unless all indications are askew, Wall Street be- lieves Uncle Sam s about to borrow 1$100,000,000 on the most favorable terms that have come his way in several years. The Treasury tomorrow opens bids on its large block of discount bills, and bankers here will not be surprised if the issuance is placed on a discount basis of about 2.40 per cent. The last offering, sold a month ago. was on a 98 basis, but since that flotation BY JOHN A. CRONE. Special Dispatch to Tibe Star. NEW YORK, May 14.—Under the leadership of utilities, oils and miscel- laneous industrials, today's active curb 10 Industrials. . 940 ~ 2750 Borg-Warner .. 100 Borg Warner pi. @[l 100 Borin Vivatone pi ears ago. © 96. 107.8 25 Bright Star Elec A bbait s & Three years ago, weekly aver. . 107.2 300 Buz 4 “com 7 fo B T s High (1930). i 178 730 Biitler” Bros Eev y g i 25 Campbell W & & Fdry (Copyright. 1930. Standard Statistics Co.) CHICAGO EXCHANGE NEW SECURITIES 56 Cent 111 Pub Serv ‘pid 50 Cent TIl Securities .. Serv Del .40). 4 Mid St .te. B Electric Bond & Share rose more ] H than a point as demand quickened. Long Island Lighting, a wide mover al- ways, regained 1% points of its Tues- day decline and Eastern States Power ‘was up 1!2 points. Although the Street heard that a new exchange offer between Standard ©Ofl of Indiana and Pan-American Pe- troleum was in the making, the former issue barely budged in the first two hours. Merger rumors, coupled with or- ganized buying, fractionally lifted Hous- ton Oil new. Nevada California® Electric provided utility traders action, as it moved up and down 5 points at a time. Deere & Co. played a similar role in the high- priced industrials with its swing of 3 points or more. Natural gas issues, despite mergers, earnings and new financing, lacked the buoyancy that marked their trading earlier in the week. Around midday many of these issues rallied from their relapses at the opening, but they re- mained dull. Mine shares moved more under the cloud of April copper statistics than under the prospects of & further price advance in the red metal. Newmont Mining opened up 22 points, but soon lost this advance and moved erratically. Roan Antelope moved against the gen- erally irregular trend. BONDS ON THE CURB Alabama Pow, S5 48 l'n!l’: 1034 Alabama Pw 4135 5s 83 a % Auto Music A(11.05) Am U&Gen B vtc 40e Am Yvette (n) w.i... Anchor P F (b10%). Anglo-Am vot (73c). Ariz Globe Copper. .. Arkansas Nat Gas. .. Ark Nat Gas (A). Ark P &Lt pf (7). Asso Dyeing & Ptg. Asso Elec Ind (30¢). Asso Cas & Elec. ... Asso G&E (A) 12.40, As80 G&E (A) db rts Asso Rayon. . Asso Rayon p A Atlantic Secur Corp. Ses Aviation Corp of Al Bahia Corp. BancomitCor, Blisa Co (E W) (1) Blue Ridge Corp.... Blue Ridge cv pf(a3) Bohack (H C) 2%... Bohack HC 1st pf(7) Bourjois, Ine........ Brazil Trac & Lt (3), Brillo Mfg......... Brown F&W,B(2.40) Bureo, Ine. .. Burco, Ine (war). Burco, Inc, cv pf (3). Burma Corp (131¢) . Butler Bros (30c) Bwana M Kubwa. Canada Marcon! Carib Syndica 1st pf . 108 (A) (a1.75) 22 til prln 7. 1008 Cent States Elec 3400 19 Chain Stor Chain Stores Stock o I O 1 ¥ {1 -T VPR ORNUPTII - JUPI-3- JODPY ST 39% 82 82 102% 1021 8 50% Mid Roylty ev pf(2). Midland Ut(b1%%). Min Corp of C (26e¢).. Mo Kan P L (b10%). MisS KPLV.t.C..vus River F Cp war Mountain&Gulf(8e). Mount Prod (1.60) Nati Amer Co. Natl Fam Strs(1.60). Natl Food Prod (A) Natl Fuel Gas (1) Natl Investors(new) Natl Pub 8v A(1.60). Natl Rub Mach (2).. Natl Short Trm SecA Natl Steel x-war(2). Neet, Ine, ev A(1 Nelson (Herman)(2) Neptune Meter (2).. Nevada Cal Elec. ... 650, N Y&Hon Ros(t1%), N Y Merchandise (2) Niag Hud Pwr(40e) Niag Hud Pwr,A war N:ll Shars Md(40c), Nil Nor Am L&P (b8% Nor Cent Tex(60c). Nor&Sou Am Corp Nor Sta Pwr A(8) Onio Copper i [T 1T PT T TIPSR - JUNE - P~ Prrmrors mtioer noarcan~nmn ® - s 151 19100 Cities Service.. 150 Club_Aluminum . Cont Chgo pf. 400 Continental Steel 50 Continental Steel v 3250 Gord Corp ... 3050 Corp Sec com . 300 Corp Bec ctfs . 50 Electric Research Li 100 Em Gas & Fuel 6% Df 250 Empire Pub Serv.... 1050 Fabrics Finishing Con 21 0 7200 Gleaner ...... 4 200 Great Lakes Aircrafi = 8% 460 Great Lakes Dredge. 33412 4600 Grigsby Grunow 2175 50 Hart 8 & M. - 100 Hormel & Co 300 Houdallle Hershey A 1850 Houdaille Hershey B 50 IMinots Brick 00 Ind Ter 2850 Inland U! 4800 Insull. Util Invesii'!: 68 250 Ins Ut In pf 2nd Bef 96 400 Inv Co of Am 49 250 Iron Fireman 1150 Jeflerson _Elec 200 Knlamazoo Stove . 50 Katz Drug . 100 Kellogz_Switc] 200 Keystone Stee 75 Kuppenheimer 100 Lane Drug V. T ENDS ACTIVE YEA / Notables Attend Annual Meeting. Forty Cities in Ticker Service. By the Associated Pre: CHICAGO, May 14.—Financiers from throughout the Nation joined with the Chicago Stock Exchange Monday night in celebrating what was described as the most successful year of its history. More than 2100 brokers and their guests attended the annual banquet, among them being Willlam S. Muller, president of the New York Curb Ex- change; Samuel F. Streit, president of the New York Clearing Corporation: Arthur C. Hilmer, president of the St Louis exchange, ‘ndrflF. J. Crawford, | president of the Toronto standard stock and mining exchange. Samuel Insull, utilities magnate, talked on_utility financing. R. Arthur Wood, president of the Chicago exchange, presided and reviewed the progress and expansion of the ex- change whick so far in 1930 has done a volume in stock transactions 40 per cent greater than in the same period last year. The exchange called atten- tion to the fact that not one of its members failed to meet his obligations during the crash last Fall. Ticker service .of the Chicago ex- change now includes approximately 450 in 40 cities, as compared with 124 tick- ers in two citie: only three years ago. Mr. Wood said. Volume of trading has increased several hundred-fold during NEW YORK, May 14 () —New se- curities offered today include: Province of Cordoba, Argentina, $6,- 000,000 535 per cent notes at 100, by First National Old Colony Corporation and syndicate. Adolph Gobel, Incorporated, $2,250,000 67, per cent notes priced at 99, by Hitt, Farwell & Co. City of Providence, R. I, $2,000,000 4 per cent bonds to yield from 3.50 to 4 per cent, by syndicate headed by M. F. Schlater & Co. American Austin Car Co., $1,000,000 7 per cent notes at 400, by Bulkley, Val- lance & Co. Village of South Orange, N. J., $750,- 000 4%, and 414 per cent bonds to yield from 4 to 4.20 per cent, by Bancamerica- Blair Corporation and syndicate. —_— Petition in Bankruptey. BALTIMORE, May 14 (Special).— Louis D. Lutholtz, a farmer of Ger- mantown, Montgomery County, and his wife, Mrs. Minnie S. Lutholtz, have filed a voluntary bankruptey petition in the United States District Court. Lutholtz has no available assets and $8,820 liabilities, while Mrs. Minnie S, Lutholtz has no available assets and $3,975 liabilities, Orders were signed adjudicating them bankruptcy and referring the case to Arthur D. Willard, referee. o REVENUE FREIGHT LOADINGS. By the Assoclated Press, Loadings of revenue freight continue to show substantial gains. For the week ended May 3 an increase of 35,725 cars was reported by the American Railway Association over the previous week, but | latest figures still denote a substantial money rates have eased considerably and banks are expected to bid higher for the forthcoming non-interest-bear- ing Government paper. The discount bills made their debut in this country several months ago and are now_appearing at regular intervals. Great Britain does her short-term financing in this manner, and the American Treasury last Fall decided to experiment along similar lines, So enthusiastic has been the banks' re- sponse to the offerings that the periodic issuance of the bills has become part of the Government's fiscal policy, although there is apparently no inten- tion of abandoning, at least imme- diately, the Treasury certificate. The latter carries interest and may not be offered below par, whereas the bill bears no interest, but is sold at a dis- count on ‘the best bids, and is re- deemable at par. The Treasury's financial operations afford perhaps the closest estimate of basic credit conditions. A year ago next month the Government's certificates of indebtedness were burdened with a 5'x per_cent coupon. Interest rates were then advancing steadily toward the peak attained in late Summer, and even se- curities with the highest rating had to (ung}, in line with current market condi- 5. Today, of course, the reverse of the plcture 15 being displayed. Some econo- mists contend that money is now too cheap and tha. the successive lowering of rates facilitated the first quarter bloom in stocks, a flowering that proved to be quite premature because the plant had not been rooted in the nourishing soil of real business improvement. On the other hand, it is pointed out that cheap money will eventually help industry to revive; although the Federal Reserve statements have not yet re- e e e decrease over 1929. flected an expansion of credit along Cr;(mparison of loadings follows: thos: lgml:- Thehl-st condition state- A Week ended May 3 . 942,899 cars | ment of the member banks, reporting. a B sco i Cliinaat iy PrvIUEIwesk . 907,174 cars | decline of $122,000,000 in ioans on se- month were 10,325,100 shares, exceeding | Same week last y: 1,051,935 ears | curities in the past week. also showed a D i . s e e peeicimnfldions rise of $10,000,000 in “ail other” loans, ond time in its history, as compared | Owners of radio recelving sets in | Lih, his gain Was hardly received with Yith 3,961,000 in April last year. o recelving sets in |tumultuous applause. Nevertheless, 961, - Stuttgart, Germany, are being taxed 47 | when viewed in company with the state- it — cents a ‘month to provide funds to|ments of the past fortnight, it suggested It was the fashion in olden days for | operate the local broadcasting station | that the steady drop in commercial wealthy people to employ hermits as|and to subsidize a South Germany |loans had been arrested, and this trend ornaments to their estates. broadcasting company. was regarded as favorable. Ohio Oil,new, A Oilstocks, Litd A 3608 Orange Crush (134)., Pac Coast Biscuit (1) Pac Coast Bis pt 3.50 Pac Pub Sve (1.30).. Pac Western Oll. ... Pandem Oil. . Pantepec Ol. ... Param’t Cab(b8%).. = Q TN Chathm Phoe Al n-v. 'h Nat Asso . Ches & Ohio (new).. Chicago Corp (The).. Citles Service($30c) 30| Cities Srve pf (6)... Clev El Iilum (1.60). Colombia Syndica Col Oil & Gas v.t.c... Co:“"‘br!: Pic (31%5). 4 Colum Pic v.t.c.(1%) 10 % Com'with Edison(8). 10s 3:0% 320% st I Com'with &Sou war, 30 4% " 8 5 SetrRCaE 1% 17% %) - Petrol Corp (1%) gaze e "% Petrol Corp war. | 30 Muncle Gemr B oK Flttogh Toc GL00). 10 Maherer & gh Forg (1.60). 2% 22 2 E 2% 16k 1% 14% Polymet Mfg (21). .. e L R T Premier Gold (24c) b sl il Prince & Whitely 1.. i Prince & Whit pf(8) Prudential Invet 5 e~ 200 Norit - am Gar 9 150 North Am G_& 4200 NOAm B & pow.: . Banccrp Hold, WL | the same period, with member offices in a0 | 217 cities in the United States, England zpazes Ind 4 50 Mid Continent ‘Laund 16000 Mid West Util n..... 38% 50 Mid West Ut 6s pf A 104's 950 Mid West UUI'A war 4, £511 3 E:d et IS ST SPQUP RS- TSN 12 Midland Uti] 7s p o Kans Pipe Line 33% Mod; Gvarily 88 9999 sgeSaSest & aud %8 9990! Con Gas Util,B v.te.. Consol Instrument. . o TE ¥ FRE FEivi National Metropolitan Bank 1814—OLDEST NATIONAL BANK IN THE DISTRICT OF COLUMBIA—1930 15th St. Opposite U. S. Treasury CONFIDENCE IN YOUR BANK HE policies and management of The Metro- & c pf... 98’ . . . Q080 West'L & P ot 93" g0 o politan have been tested by over a solid 100 Standard Dredging pf 25’ I3 . . century of continuous service. o 2 e Pyrene Mfg (80c) Quaker Oats pf (6 1% b Rainbow Lu Prod B. o Raymond Con pf (3). x GG 88 A 3T ww 9514 95'° Edis EI Bost 55 A '33101% Pa, 28 P" 43 W o g;% 101 5% Corp Secur, Chicago. B e 2 Corroon & Reynolds. Phanke: Mor 5 Cosden Oil..... . Coty,S0 Anon 74 4-10 Creole Petroleum...; Cresson Consol (8c). Crocker Wheeler. ... Crown Cent Petrol. . Cuban Cane pr opt w Curtiss Wright w Cusi Mex Mining. . .e Darby Petrolm (1). Dayton Air & Eng Deere & Co (1.30 De Forest Radio. DeHav.Alr 1td rct §0¢ Derby Oil Refining. . Detrolt Alrcraft Distillers Corp. ] e t 19 3 3 6 b } 2 § " 15 1 I‘ K : 4 11 1 850 1 7 % by 1 1 o *l 5 18 ] ] 1 3 B enranans st I a, s 0! ! 0 59 8883883323 t.oee Richmond Radiator Antelope Min 1a Intl Corp. Ryan Consolidated. St Law Paper Mills St Law Pap M p£(6). St Regis Paper (1), Salt Creek Con(40¢). = 00090% Sa Esu 558! Qoo S R & £l =} fllgflfl 2 (3ol S5t mBennResurcnannroniBSralanmmanan R 00300 T 0T 00 ca e O 00 D00 T RSN RS NS e 0 N B I 50 Sheffield 8! TP+ PO Y 5 “ons, nte) m 400 Steinite Radio . ek Seg Lock & H (50c).. T8 % ol alih Seiberling Rubber. ected Indu Sel Ind allot cfs 534 Bentry Safety Cont.. Shattuck Den Min. .. Snenandoah Corp. .. Shenan Coro pf (a3). Stlica Gel Ctfs. Singer Mfg (126) Solar Refining (2%4). South Coast.. €Inves Co 55 A '47 1Iowa-Neb L&P | *2 Koppers G&C_5s : :l‘hl‘l%” L] ol Douglas Alr (75c)... 12 Dres(SR)MfgA3%. § Dresser (SR) B (2).. 13 Driver Harris(new). 1 Duke Power (35).... 253 Durant Motor: 11 Eastn G&F Asso. 1 Eastn Sta Pwr B(1)., 2 Elsler Eelectric(1%) 3 cee El Bond & Sh (b6).. 446 SoCalEdpfA(1%). ElBond & Sbpf (6). 1 SoCal EA pf B(1% Elec Pwr Asso (1).. 4 33 Southern Corp. Pwr Asso A (1) Sou Natural Gai Eler Pwr & L op war 9 Southland Roy ( Elec Shareholdg($1) S W Dairy Prod El Sharehold pf (6) 8 W Gas Utilit) 2 Spanish & Gen Reg Spigel May S pt(6%) Standard Motors. ... Stand O1l, Ind (3%). Stand Oil Ky. (1.60). Stand Oil. Ohfo(234). Stand Pwr & Lt (2).. Stand Pwr&Lt B (2). Stein Cosmetics. Stutz Motor Car. Superieater (13%).. % Swift & Co new (2).. Swift Internatl(2%) Technicolor. Ine. Teck Hughes (60 ‘Thatcher.Sec Corp. ‘Thermoid Co pf (7). 125 ‘Tobacco & All Stki ‘Todd Shipyard (4).. % Transamer ($1.60). Tran Con Afr Tran. Trans Lux DL P S. . Tri-Cont Corp (war) Tri Utilities(31.20).. Tri Utilities pf (3).. Trunz Pork S (1.60). Tubsize Chatel (B)., Ungerleider F Corp. Un Nat Gas, Can 1.60 Union Tobaceo...... You can have complete confidence in such a bank—faith in its strength—faith in its perma- nence. YOUR ACCOUNTS, Checking and Savings, cordially invited. i Open Until May 15th 000 Willoughby Tw 43 98 74 2000 Unit Am 85 ' 9 98l Travelers' Checks and Letters of Credst 718 '30 100% 10 Narragansett 55 '5' 20Nat P & L 63 4 20: o5 Yo e GRE ST, Sl 7 o s 2 BNY POt S 3 Nor Ind B 8 102 ° 3 13 Nor Sia Pow @as, 33 1027 s » el 3RRnREREIRaNE L HsUEEEE8LN. B Eyro Elec deb rta. . . Europ EL Ltd.A 60c. Evans Wallow Lead. Fabrics Fininshing. Fajardo Sugar. Faicon Lead. . Fansteel Product Fiat receipts (1.26). Financial Inv, N Y., Fokier Afreraft.... Foltis Fiscler Corp.. Ford Motor Can(A). Ford Mot of France. Ford Mor.Ltd. 37% o S = Ponarmms 405, 73 Bond sales today, $69.000. 20% - — —— @t GRAIN MARKET on 30% . Savings 'S i% o » 8y | CHICAGO, May 14 (#).—Selling here | 65% on the part of Eastern holders of wheat | 6% future delivery contracts tended to pull | E:‘,:? wheat values down today, aggressive 41 |demand being absent. Previous specu- 49 | lative sellers were almost the only buyers 44% ' of much consequence, and total export 12 |purchases today from North America 8 |amounted to but 400,000 bushels or less. 5014 In some quarters, a noticeable disposi- 474 tion was shown fo await a clue to in- 24 | tentions of Farm Board allies as to 18% ' supporting or not supporting prices for 50 | the new crop. 32 Wheat closed unsettled, %a1% lower s, than yesterday’s finish. Unit Car Fastnr(60c 10 Corn closed unchanged to 3a7% off; United Corp (war). 28% oats, 4a% down, and provisions un- Utd Founders(b: 3 301, ' changed to 5c decline, United Gas Co 1 WHEAT— Hen Iow Ay % Sone South 3 South Cal Gas 10 Sou Cal Gas 55 7 100 1 49 Southern N G 65 |44 w!% uth L& PS5 A 1 0 PEL 65 A 2023108 Mifg 65 ' 98y 3 i eat s 4 300k 85 '3: 10034 3 10073 10013 100 Gen Baking pf (3)... 2 3 Gen E. Ltd rcts(506) Gen Mot pf new w. Gen W W&E(A) (2), Gerrard (SA) (1%). Gleaner Com Har(2) Glen Alden Coal 8. ... Globs Underwrite: g5 = = 4 Golden Center. . . S Rub 6123 39 Goldman Sacbs(bé) . alveiine Off 76 /37 103 108 6 Gold Seal Elec new. . irgin Ry 4125 B ' % 9 Goldfield Consol. ... Bazh 80, Goth Knitback Mach Gram’ph'ne rets 2.91 GrA&PTn-vb).. R Gr A &P Tea pf (7).. 108 e WA 31 81% 1% Groc Stores Prod vte 1 Wes Union Tel 55 '60103'3 103% Ground Gripper (1), 2 12 12 FOREIGN BONDS. Guenther Law (2). . 3% Ak § Bozota m; Bk 78 SuUOInEEacl ). 185 165% 1 1 s, Special Bulletins - - e e e =T OUR Research Department, which analyzes and studies special situations in regard to stocks and bonds, sends out recommendations from time to time on securities, which, in their opinion offer interesting possibilities for the July il September . O e T e I T T YOO~ Y PP R PN & s 5 w314 *39% 4 Lt & Pwr A(1).. 11735 117% o 1373 Utd Lt & Pwr pf(6). U S Dairy (A) (6). 4 USDairy (B)...... U S Elee Pwr (war). U S Foll (B) (1)..... & Intl Secur. ... Happiness Candy. .. v U S&Intl Sec 15t (). U u Hartford Bl Lt(2%) 225 89% Hazeltine Corp (2) 2 8074 Lines pf (1) lév;. & Overseas war. 7 4 U S Radiator (2). gorn & Hard (3%) 5 41% U S Shares Fin. Sl Ofl of Tex v4% 23% Utd Verda Ext (4).. nBay M& 8 ¢ J r Humble O1] (2) 9% b:::;%{;tlzf&sl-nm_._ Hydro Elec Sec (2)., Hygrade Kood Prod, 3;‘;’.‘2 |:¢l :‘r'n 1%). fap Of)iCan (88a. . ., Utility Pwr&Ltal), Imp Tob GB&I1(1%). Uthlity Equities. .... Ind Lerr (lu 01l (A) ot «v. {nd Terr [lu Ofl «B) O s p Pkg pf... s, Frag 18 ‘43 xu 887 i }nfl ":,fl'"““"-l- Venezuela Petroleum 3V vl B : [ uar et vy Vick Financial Corp. &Y, | States. 1Lima cy Peru siys 138 fne Co. Deo WRIETSs8(Co, .. " Owing to the old crop situation selling e oat Insirance Seci140) RIRaT (E) 31 15 113 | Was Testrained, but the list closed not 3 Nippon 21 P Intercoast Trads (1) Wallier Min (TH o) 3 3. s g |far from the bottom in a quiet mar- (::‘1;%7:;‘:;:: f;ct: Watson (J W) Co. 3% ‘1‘525 Spots were reduced 20 points to & Wayne Pump 13% | 16.35. Members NEW YORK ANC BALTIMORE STOCK EXCHANGES Associate Member NEW YORK CURB EXCHANGE Mackubin, Goodrich & Co. ESTABLISHED 1899 y BANKERS o 6 6 ¥ 4 new i 82 5 14, 4 5 4 t NEW YORK COTTON s NEW YORK, May 14 (Special).— ‘The most ravorable weather map in several weeks caused a sharp decline in | cotton prices and under new crop pres- sure the list ended with a loss of 17 to 0% ' 25 points on the day. 1% There was less rain in the West belt 147 | and general rains spread over Atlantic sections breaking the drought in several We will be glad to list your name so that you will receive copies of these bulletins as they are issued. s d Bk 78 11st Bo GW s '87 1 Gelsenkirchen 65 1Ger Cons M r Con 34 Hanover Cred 40 Helsingfors 6%us '60. 3 Isarco Hyd EI 78 '52 0 pr 2 Rio de Jan 67 81 Ruhr G ‘Co 6% A 1 Rumania Ingt 17 (nt] Petroleum (1).. Internat Products. Intl Prod pf (6).. int] Satety Raz B ¢ ey Fairclunm. titBUpeEEREIS1), Zonite Products (1), tnternat) Utl) «B) 2 ’ 021 923 RIGHTS. Expire | December Clev El Il ... June 2 13 20% 20% 201 201 DHecember. ne ¢ . 6 4k 4% 44 4% Jenus Irving Air Chute war 8 4 Mo K 67 1% 1% 1k 1 March - . e Irving Air Ch(1.60). $08 1% 2 1% 1% = e ‘;Prg‘\ch ;‘huur owners are complain- Italian Superpwr A.. based on fast quarterly or semi- E're]n ;ew rnsibr;u flndn ‘nllw"ny in g that they cannot get enough talk- Kolster-Br (Am 8h). " ngland are to be named after famous ing pletures to show. @ Lackawanna Seb(é). b A Thocal ™4 piyumie Ia Breferfed wiock, Dublic of the country. [ 1508 H STREET WASHINGTON, D. C. REDWOOD & SOUTH STS. BALTIMORE, MD. n—New. Wwi—When issued Al a1y