Evening Star Newspaper, May 18, 1930, Page 70

2 : FINANCIAL STOCKSUNSTEADY INSMALL TRADING ~0il Shares Sold on Renewed > Price Cutting—Sales Total 800,000. BY CLAUDE A. JAGGER. Associated Press Financial Editor. NEW YORK, Msy 17.—The stock (6 . market ended its quitest week since January today with nothing appearing to shake it out of its lethargy. Floor . traders diverted themselves by bidding up a few specialities, while some of the " olls, utilities and amusements sagged slightly under pressure of week end tening of accounts. Recent dullnes of the market had ?rmpfgd a group of the larger pro- fessional operators to leave town for . a week end outing. Mercantile and business reviews failed to show signif- fcant trends, and the market was left to drift. The volume of trading con- tinued around the lowest levels of the ";’he only development attracting much attention was the failure of the Bl.nll Fe Spring Oil Producers to reach n agresment to cut production down to the oted quota, which prompted Bu.ndn of California to slash crude prices 75 cents to 90 cents a barrel. ‘This was a factor in the selling of the .ofl shares, as there was a feeling in . some quarters that the entire Cali- fornia curtailment progress may be threatened, but ofl circles generally um mmw t mcuz‘r'n e calmly, po! ouf slas) crude prices would be likely to bring recalitrant producers into line. ‘Total sales were about 800,000 m o level on January +11, which was dullm day since A t of 1928. Closing prices were ghly irregular, with most gains and NATOW. .- Buch issues as United States Steel. West unxhwu Electric, mhmt.\onu Harvester, Loews, Warner Bros., Radio, Keith, Amenun Water Works, North ‘American, Public Service of New Jersey, Houston Ofl, Independent Oil, United Alrcraft and mecmc Auto Lite lost from 1 to 2 poin Allied Chemiml ‘Vanadium, Worth- tnglon Pump, Peoples Gas, A. M. Byers, Rossia Insurance, Wilson Packing ‘ lnd ‘the Amerlmn Tobacco shares rose . sbout 2 to 6 points, and Fairbanks » Morse new high ground for the year. Some of the rails were we! > buuxht. Atchison, Canadian Pacific, issouri Pacific and New Haven rising I point or more, and Norfolk & South- ern and Lehigh selling up 3 or 4 points. 11 | coming TR NEW YORK COTTON Market Rallies in Late Dealings on Covering and Buying. NEW YORK, Hl! 17 () —An _early decline in cotton, due to lower Liver- pool cables, was rollawed by a rally on covering and some buying for Southern accounts which was evidently inspired reports of further rains in the Cen- tral belt which caused complaints of the necessity of replanting and on the forecast for quite general showers over the belt over Sunday. July advanced from 16.31 to 1642 and new October from 14.99 to 15.13, and after a slight setback under realizing prices, again rallied, July closing at !G 40 and new October at 15.10. The general market closed steady at net 3 points lower to ‘higher. Futures closed steady, 1 to 8 points higher; May, 16.28; July, 16.40a16.42; October, 15.37a15.38; December, 15.42a 15.43; January, 15.46. New contracts— October, 15.10; December, 15.19; Janu- ary, 15.17; Mtrch‘ 15.40. Spot quiet; mlddllnx 16.50. Business Notes By the Associated Press. N!'Wu:IORK Ml‘y sl'lfl:flm:rul:ldty during the period of g price ad- justments, which ldvemly affected business, and a marked reduction in the demand for domestic liau made the past month a hectic one in the pituminous coal markets of um coun- try, says Coal Age. On the other hand, the openlng of navigation on the Great Lakes caused & renewal of optimism, although reports of extremely low prices on this business were current. April production of bituminous coal is esti- mated at 35,750,000 tons, decrease of from March, and a drop of 1,630,000 from Anfll a year Samuel Bayuk has resigned as presi- dent of Bayuk Cigars, Inc., to become chairman of the bosrd, and_has been l:’:eeded as president by Harvey L. Hirst. Chicago & Northwestern Railroad handled 79,101 cars of revenue freight in the first 14 days of May, against 91,059 in the like 1929 period. Standard Statistics Co. reports that the chief development in the oil industry in 1929 was the rapid expansion of pe- troleum refining companies in the mld of marketing. The organiaztion that competition in distribution u be- creasingly severe, but the rumles'.s‘ compeuuonmbebemmmnfl{ &'- izations appears s of the mt. and the whole marketing business s hexnx placed on a healthier plane. ~ WASHINGTON STOCK EXCHANGE YEAR 1930 TO DATE (Reported by W. B. Hibbs & Co.. Hibbs Buflding. Washinston, D. C) BALES OCCURRING ON THE WASHINGTON EXCHANGE FOR 1830 UP TO AND STOCK JUDING FRIDAY, MAY 16. BONDS. PUBLIO UTILITIES. Anacostia & Potomac Riv. R. R. 1st Bs, 1049 Anacostis & Potomac Riv. R. R. guar. 55, 1049 C. & P. Telephone of Virginia 55, 1043 . Capital Traction 1st 5 City & Suburban Ry. lst 5s, 1048 Georgetown Gas Light 1st 8, 1961 Potomac Eiectric Power cons. bs, 193¢ Potomac Electric Power gen. & ref. 65, 1953. Washington, Baltimore & Annapolis s, 1941. Washington Gas Light gen. 5s, 1960 ... ‘Washington Gas Light series A 6s, 1933 ‘Washington Gas Light series B 6s, 1936, ‘Washington Railway & Electric cons. 4s, 1 MISCELLANEOUS. 23,500 Barber & Ross, Inc., Ols, 1037 ... 3,000 District of Col. Paper Mfg. lst 8s, 1037. 7,000 Potomac Joint Stock Land Bank 5s, 1034: 1,000 Washington Cons. Title 6s. 1951 ‘Washington Market S 1038 .. PUBLIO UTILITIES. Capital Traction N. & W. Steambost . N. & 'W. Steamboat rights Potomac Electric Power pfd. ,.. Potomsc Electric Power pfl. ‘Washington Gas u ‘Washington llll'l’ & m »td. NATIONAL BANKS. TRUST COMPANIES. American Security & Trust. Continental Merchants Bank & Trust National Savings & Trust gulun Trust . inglon Loan & Trust o SAVINGS BANKS. Bank of Bethesds East Washington ‘Washington Mechanics PIRE INSURANCE. Firemen's National Unlon TITLE INSURANCE. Columbi Real Estal Title & Inv. MISCELLANEOUS. 16 Chevy Chase Dairy pfd. . 235 Columbia Sand & Gravel pi 101 Commercial National Co. ptd. Pederal Mtorage Co. pfd. . Federal-American Co. eom. Pederal-American Co. pfd. Lanston Monotype Merchants' Transfer & Stor. com. Merchants' Transfer & Stor. ptd. Mergenthaler Linotype National Mtge. & Inv. pfd. The Carpel Corporation . Washington Mech, Mtge. Co. com. Washington Medical Blde. com Woodward & Lothrop pfd. - . UNLISTED olnl'nurfl' Army & Navy Club Bs, 1961 . Metropolitan Club 4% ‘Washington Title Ins. =2 sisss § zesed 3%, Sw E2E2¥E STOCK AND BOND AVERAGES By the Associated Press. SATURDAY, MAY 17. STOCKS. T e THE SUNDAY STAR, WASHINGTO WEEK ENDING MAY 17, 1930. Last Week. Year te Dute. Total sales. Same period Last Week. Wigh. 3 stocks. 229.43 226.70 087 BEO.coecune eee 254 dividend. 22 Abitibi Pwr & Pa....... Averageprice of l Same period & —1930— - Illl Low. Stoek a: 118" Air Reduction (3). 21 Alr Way El Ap(3%) Allegheny Corp. .. 95 Alleg C pf (330 w) (5%)- 89% Alleg C pf (840 w)(5%). 57 Alleghany Steel (12.05). 255% Allled Chem & Dye(né). 121 Allied Ch & Dye pf (7) 49% Allis-Chalmers (3).. ; % 451 Am Brake Shoe (2. 118% Am Brake Shoe pf (7 8% Am Brown Bov Elec. 60% Am Brown Bov El pf 117% Am Can (4) 140% Am Can pf Am Car & Fdy 16% Am Com Alco ((n.l 0) 36 Am European Secur, 65 Am & Forn Power. 95 Am&Foreign Pwr pf(6) 107 Am& Forn Pwr bt (1).. 96 Am & Forn Power 2d ptf. 19% Am Hawallan88 (2)... 22% Am Hide & Leather pf. 35% Am International (3) 2" Am La France & Foam 30 Am La Fr & Foam pf. 84% Am Locomotive (4). 108 Am Locomotive pf (7). 210 Am Machine & Fdy (7). 112 AmMch&Fypfew (7). 100 AmPwr&Ltpf 75 AmP&LDfA ('%) 80 AmPo&LtpfAsta(f). 30% Am Rad & Std San(1%). 20% Am Republics. .. 70% Am Rolling Mill (n2) Solv Chi 204 Am Sol Chov pf (3).. 40% Am Steel Foundries (3). 110% Am Stl Foundries pf (7). 46% Am Stores (2). 60 Am Sugar Ref (5). 104 Am Sugar Ref ptf (7) 124 Am Sumatra Tobacco. 23 Am Tel & Cabl 216 Am Tel & Tel 197 197 120 Am Typefounders @..e 1 Am Typefounders pt (7) s (n1).. 1 52% Anaconda Copper (7) 36 Anaconds Wire & C (3. 221 Archer-Dan-Mid ( 104 Archer Daniels pf (1) vee 74% Armour of Del pf (7 b% Armour of Il Class A 66 Armour of Ill pf (7). 13% 6% Arnold Constable & Co. 20% 18% Artloom Corporation(3; Top e (| l1m 1613% Atl Coast Llu (110). 59% Atl Gulf & West Ind(i Aviation Corp of Do Baldwin Locomo (1.76). Baldwin Loco pt (7). 1 Bangor & Aroos (3%)... Aroos pf (7). Barnsdall, A Bayuk Cigars 1st pf (7). Beatrice Creamry pi Beech-Nut Plekln' (). Belding-Hem! Belg Nat Ry pt D!(‘ “). Bendix Aviation (l)-.. Best & Co (3).. Bethlehem Steel (.)- - Mi Bethlehem Steel pf (7 1 Blaw-Knox Co (1% ) . Bloomingdale Brs pt (7) Blumenthal & Co pf (7). Bohn Al & Brass (3). British Emp 8tl 1st pf. oel 2d DI, Bkly'UIII Tr of ( Bklyn & Queens Tr Brown Shoe pt Bruns-Balk-Col Bush Bush Term Bldg pf (7). Butte Cop & Zine (50¢).. 16% Butterick Co. 70 Byers (AM). 65% California Packing (4).. Callfhan Zflrfl. 19 Campbell W&C 574 Canada D G Al 187% Canadian Pacifle ( 51% Can Pacifie (new) " Capital Adm lA) 86% Car Clin & Ohio (4) 96 Car Clinch&Ohio sta(§). 362% 192% Case (J 1! N’.“) 3 132 116 Case (JI) Copt (' %% 54 180 120 Caterpillar Trao ('l%)a %% 3% ‘IC s + 14,866,400 394,761,980 17,641,400 431,142,570 Year to Date. mgh. Low. 245.60 202.95 01 226.77 FELLHL RV E e ITH++ 144+ 44+ 41400 L +++4014+ +1 1 ¥ 2 rx sxd FesPPERs ++1L14010 4+ 1 OAEEINLE 14Y L0IE # L L R oex FOERR *¢l10 1+ 44001440 P ++44 P14 LI #1141 44 14+ 4410 F1404 144+ +4+ LR+ 1+4444010 e T4+ 4+ 410 4 44+ FEssfesFaassse S 7R TsFF e FesPefaks - FEF PeaesSUra s wFxe e 22" Sre sFE"" "2 g2 B 100% % Chicago Pneu T pf Chi Rock Island & P (7). Cht Rck Isl&Pae pf(6). . Chi Rek 1s1&Pac p2(1) Childs Co (2.40). Chrysler Corp (3). City Ice & Fuel (k3.60). . City Ice & Fuel pf (6%). City Stores (50c). City Stores A (334) Clark Equipment (3) Cluett Peabody (5). Coca-Cola (6)...... Coca-Cola Class A (3) Colgate-Palm-P (2%).. Colgate-Paim-P pf (6) Collins & Afkman... Collins & Aikman pf (7). Colorado Fuel & Iron(3) Colo & South 1st pt (4).. Colorado & Sou 2d pf(4). Col Gas & Elee (2).. Col Gas & Elec pf A (6). Columbia Graph (a87¢).. 1 Columbian Carb (16) Comm Credit (3).. Comm Credit A (3) Com Credit pf B (2).0eem Com Credit pf (1% Com Credit 1st pf(6%) Com Cred 1stexw 63%... Comm Inv Trust (1.60) Com Invest Trust war... Comm Inv Tr pf (6 Comm Inv Tr cv pf ( Comm Solvents (31, Comwlth & Southn (60e) Comm & Southn pf (6) 44 Conde Nast Pub (3). Consol Textile. Container Corp 4% Container Corp, B. 27% Contl Baking, A. 4 . Contl Baking, B. 178% Contl Baking pt (8). 50% Contl Can (2%)... 28% Contl Diamond Fibr 16 Crown Zellerba ll (1) 76% Crucibl ol (k8) 110 Cruecibl: eel ptf (7 3% Cuba Cane Products. 9 Cuba Company. 61 CubaRRpf (6). 6% Cuban-Amer Suga 49 Cuban-Amer Sugar 1 Cuban Domin Sugar. 41% Cudahy Packin, 118 Curtis Pub Co( 6% Curti, 28% Davison Chemiecal. 22 Debenham'’s Sec (a3. 117 Deere & Co pt (7) 161% Del & Hudson (9) 35 Detroit & Mackinae pf... 30% Devoe & R, A (2.40). 106% Devoe & Rey 1st pf (' 2% Duluth-Superior pi 27% Dunhill lllurmt.l (34, 100 Duquesne Lt 17 Bestess Roll Mill (ht3). 2i 175% Eastman Kodak(t$. Na Fisk Rubber, Fisk Rubber Fisk Rubber B! uu Foundation Company. Fourth Natl Invest. Fox Film (A) (4) Franklin 8imon pf ( Fresport, Texas (15) Fuller Co 2d pf(17.40).. Gabriel Snubber (A). 3% Gardner Motos Gen Amer Investo; Gen Amer Invest pt (§). 99% Gen Am Tank Car (34), Gen Asphalt (4). Gm Baking pf (8). 11% Gen El.cl.rla Spec (‘.l). Gen Floods Corp (3) % Gen Ital Edison (a: 45% General Mills (3) 90 Gen Mills pf (6). 37% Gen Motors ('I % 117% Gen Moto! 18% Gen Qutdoor Adv 32% Gen Outd Ad A (4. 38% Gen Printing Ink (. 87% Gen Printing Ink pf (6). 32% Gen Public Bervice ( 85% Gen Rallway Signal (5). Gen Ry Signal pf (6)... 18% Gen Util & Realty pf (§) 91 Gen Realty & Utilities.. 67 Gen Refractories (43 ). 99 Gen St Cast Corp pf (6). 39% Gen Theater Eq vte. 804 Glllette Bafety Ras nb) 26! 26% 123%x122% 170 178 AR AR A R T T T T S Py PAHI++ 0400 L+ ++ 14+ 100+ L4 I +4 410 I+ +4 g 44+ HhEE4 Fl4+++1+4+ ) #1044+ +1ihn 1+ 41 11444 ++&0VE ¢ - (R e TH++4++ 1+ T+ + 1+ ++4 10 FH 0044404+ +414 #1114+ +444+4+ e +rli+4++0+ T4+ +++ +M 1+ 5 sexd sres - ¥ ¥ e FEPEFEFRESFRR PSS ERFESFFZISE srsvefs” o FE Fxxe” “sf"ssd g¥ee” "°° - L - e - FREERE FERLELS 3 FURN rss seFOEFReResBra" s BEFe FeBe Trsafe #sVREF D. €, MAY 18 1930—PART SIX. i Steek and dividend. ll Gobel (Adolf), o - Min 3824 Grand Silver Strs (m1 13% Grand Unlon.... 324 Grant (W T) (1) 87 Great North pf ( 83% Great North pf ctfs #"2"EF 2 FFsresFass - 12% Grisby Grunow.. . 15 Guantanamo Sugar. 32 Gulf, Mobile & Northn. . 94 Gulf. Mobile&Nor pf(8). 51% Gulf Sta Steel (4)....... 26 Hackensack Water(13%) 31 2715 Hackensack Wat pf(1%) 26 Hackensack pf A (1% 12% Hahn Dept Stores. 86 Hanna pf (new) (7. 55 Harb Wkr rac (1 20% Hartman Corp, A (3). 13% Hartman Corp. B (1.20 3% Havana Electric Rwy. a Elec Ry pt () Boa, FHLULI41 040+ #1044+ b7% 54 20% +i14+ #1014+ B2 sexf 2"z ¥ ;E .« 104% 101% 103% 101% 104% Herahey Choe b bt 450 Hocking Valley (10) 26% Holland Furnace (ll'*) 6% Hollander A & Soi 17% Houdaille Hershy B (!) . 49 Househould Fin pf $3%. 52% Houston Ofl (b10%).... 26% Howe Sound (143). 46% Hudson & Man Ry (3. 75 Hudson & Man pf (5). 41% Hudson Motor Car (5).. 4a% 17% Hupp Motor Car (2).. 2 19 126% [llinois Central (7). 129% 127% 80 78% P it | FHEELL I +++444441) e FF EEF T4 44 U4+ )0 L 30% Interboro Rap Tr c.o.d. 4% Intercontinental Rubber 23 Interlake Iron (1).... 4% Intl Agricultural. % B54% Intl Agricul pr Df 152% Int Business Mch 5" Tntl Combustion Hug. 30 Inter Combust Engrs vl 31% Intl Hydro Elec, A (ll). 66% Intl Match pf (4)... 24% Intl Mer Marine (1).. 44% 30% Intl Nickel of Can (1)... 128 116 Inter Nickel Can pf (").. LEVEEE P11 Y44 L ] 12% Intl Paper & Power C... 79 Intl Papr&Power pt . 46% Intl Printing Ink (3).... 93% Intl Printing Ink pf(6).. 27% Intl Rysof Cen Am..... 61% Int Rys, Cent Am pf(§). 69 Int Salt (6). 56 Intl Shoe (3). 95 IntlSilver (18). Intl Silver pf (7). T4 4+ - 74% Interst Dept Strs pt (7). 70 Inter Dept 8 pf x-w (7). 17 Investors Equity(3).. 34% Island Creek Coal (4). 43 Jewel Tea (14).. 98 Johns-Mansville (3 118% Johns-Mansville pt(7) 4 118% Jones & Laughlin pt 2 Jordan Motor Car. . 108 KanCPow& Lt B (6) 3% Kelly Springfield 2ov. K-lly Springfield oy Hayes Wh (3 vinator Corp. 304 Kroger Gro & Bk (nl).. 21% Lago Ofl & Transport 88% 85% 88% 32 30% x30% 142% 142% 142% 38 34 36 41% 41% lll% 10 8 6% 9% 'I lllh 109 1104 91 92% & & +++‘4+++++++4++++|-" FEAF DI 444440+ U+ 044 4444+ 41+ ++ - FrEFREsRERRT s e ex e Fe R naFe e R 2 s llK Louis Gas & Kl A ( 28 Louisville & Nash (7). 28 Ludlum Steel (3)... 28 MecAndrews & For(2.85) 40% McCall Corporatn (2%) 62% McCrory Stores A(3) 60 MoCrory Stores B (3)... - £F ¥F 63 62% % #Exressed FII+H1 4044044 40 » * I ++ = lllnulbo ol Market St Ry pr pf, Marlin-Roek (NK ) e e FINANCIA Stock and dividend. Wi Mohawk Carp Mills (3). Monsanto Chem (g1%). Montgomery Ward (3).. Morrell & Co (4.40). Morris & Essex (3%)... Mother L Coal'n (40e) Motor Meter Gauge & Bl o 227%22 Mulline Mfg pf (7). Murray Corp (b2% stk). Myer (F E) & Bros (3). Nash Moto: - - FErE FFES Nat Cash Reg, A (14). Nat Dairy (32)... Natl Dept Stores (3) Natl Dept St 1st pt (7).. Nat Distillers (2).. Natl Enamel & Stpg (l) National Lead (18). L+ ++ ++#I|+4’I|Il+lls. > - I P Ly T++ 1 1+1++1+1 1 FEEEL FEF N-ndn Con Copper (3). Newport Co, A (3) R EREFERERS Marmon Motor (h3 Marshall Field&Co(3%) Martin Parry.... Mathieson Aliiil (3 Mathieson Alkali pf(7). we u| May Dopt Stores (::"))... s;“ Maytag Compeny ($9).. Ayt Coptww(3).. 11444 - +1 s Copf (7). pt 1. Q). Middl Mldllnd Steel (3).. Midland .l::.l p]l 8). Minn, MolPwr Imp..... Minn, Mol Pr Im p£(8%) Minneapolis & St Louts. Minn StP& STOX..eozeoces B8N 8% =.I‘x-.l.l.r ot (7). 104% .l.‘ 104% + % ucnrlholao. % 98% 70 145% 135 Missouri Pacifio pf (8 T4+++++41 +++ = eaSemmn ¥ EEFSF North American pt North Am Edison pt (6). North Ger Lloyd (3.43). FEE FFE FF Nunnally Company..... Of1 Well Supply.. Ol1 Well Bupply pf (1). . OliverFarm Equipment. Oliver Farm Eq pf A(6). Oliver Farm Eq ev (3).. 4“ 2% Omnibus Corp. . Omnibus Corn w!A @).. Oppenheim Collins(5) 68 Orpheum Cir pf (8)...., 92 964 + 67% Otis Elsvator.n (3%)... 4% 118% Otis El xm l!flt lfl!t 30 834 16% 17 70 ++4+4+ CERETCURER Y 22" 22°% 0‘ L+ 1444+ +1 Pra&Ref pt, . 48% Paramount Publix (4).. N”l: Park .Tllm (“) . 93% Penney (J C) pt (8), 6% Penn Dixie Cement. 80 Penn Dixie Cement pf,, 45 72% Penna Rallroad (4). % T T+ 54 People'sDrugStrs(1). 58 56 + !:1‘1“ ;ul!l‘lfll;flm'(‘). « 816 307 312% + 'ere Mare lor e 1 17% Pet Milk (. t: A 01 1:(1) se Fele Feex"F :m Phillips Petrolm (n3) Phoenix Hoslery... 86 8§ W& 185 186 1T% Pittabgh Screw (I.« 21 98% Pitts Steel pt (1) ) N“ o la“ e s 2 3 o usg o 2 3 & VH44l 1 +44 2 & s2sx FsBEF Fex“Feire rexlex » 110% 107 Publie Serv B&G pt #9% 76 Pullman Corp (¢) 2 Punta Alegra 8 274 21% PureOil (1%) 114% 1104 Pure Ofl pf (8 88% 66 Purity Bakerles LHl++ 4414 24% 23% 29% 112% 1124 112% + 4% T1% 318 + 52% 48% B1% + 2 % + 2 + - + Feaf Ra 8 n-dl\ etA- pEB(S) 19 Radio-Keith-Orph (A). . 70 R RSeo Il Cen otfsié Raybestos Man (3. i i ety s o 6 wy 3). 49 - “‘\ R-l Silk Hos uu?- (‘5 )- “‘!: o 81 eal Silk Hoalery p£(7). ¥ orr BUFE" 2 Y 0 ¥ @) 'llh 'Il 49 Reynolds Tobacco B (3) 5d% ll: 20% Richfield Ol (3. 24 23 16% Rio Grande Of 13 7 FFese" 25" 5550 T+ 44444444+ 44441014 5% 10l 108 44% Hfl 118 W% 98% 96 y Stores oo MK 40% St Joseph Lead ("” [ ‘:: 118% 107% St Louis & San Fran (8). 116 22 Louis & San F pf (6). - P CssaBEeFs 2 9% Seagrave (e1.30] 79 Sears Roebuck §=E§‘“;'§=§i - =t & 0|l+lll+'§’|l|¢l#|+4’ L T & 8% Shubert Theatres. :.4,% 35% Simmons Co (3) 28% 27 2TH 110% 110% 110% 36% 35 X35 e e 5% Snid: inx Co. 6% 6% 95% Solvay Aflh"'(.‘ lll& 115 116% B SRR o ug pE(d). 118 119 64 Southern Calif Bd ( )-).- 8% ‘“\6 ‘e -—-——-———__—___ (Continued on Fourth Page) £, AA