Evening Star Newspaper, May 19, 1930, Page 13

FINANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. THOMPSON TELLS OF EXCHANGE WORK| —qfi:“.—fi- Washington Broker Reviews Incidents of Year. at An- nual Convention. BY EDWARD C. STONE. Bugene E. Thompson of this eity, president of the Associated Stock Ex- summed up the work of the year and pictured the problems of future in his address at the open of the fourth annual convention at eapolis this morning. The Wash- n Stock Exchange is a member of strain. During the past year four exchanges Joined the Associated Stock Exchanges —Minneapolis-St. Paul, Buffalo, Port- land, Oreg., and Los Angeles. Omaha is open an exchange in June and of a stock exchange under con- tion. . Efforts to Strengthen Listings. The committee on standard listing tions s striving to ve the form, the question of has bee! The firm is said to have been the first broker house to establish direct vate wire connections with New ork, this action having been taken before 1880. When the re-estab- lished its office here today, Eugene the original chief office, took ce_of getting tion to Mw ‘York office, to the branch here and :z D. C. Exchange Active Today. Trading was active on the Washing- ton Stock Exchange when the first ses- sion of the week opened today. Cm Traction opened with 15 shares at 74% and closed with 10 shares sold al A gton Rallway & Electric preferred stock came out at 216 and 30 shares of American Security & Trust Co. stock Mergenthaler registered oold at 112 ex dividend. ‘There were four 50-share sales in urg:l Corporation at 26 and two other blocks of 50 shares each sold at 26%. In the bond division Potomac Electric levels. e CHAIN STORE COMPANIES SHOW APRIL SALES GAIN An index of retailing conditions ut the country may be ob- from the sales reports of lead- ing chain store companies, which show an increase of almost 10 per cent for for was ,329,966. par with $224,940,114 for April, this shows a gain of 9.95 per cent. ,glu first Ii::ur months of “‘(2 these 20 companies reported aggrega ! $911,009,348, as against $872,- yme period last year, (P si 2 i ‘YORK, May 19 (Special).— ork bank - today, ‘6]20»- ; & year ago, ew hhnu:, _gi it which ~Prev. 1830.~ High. 42% 32 23% 150% 36% 99% 96% 343 [ 20% 39 9% B4% 21% 284% 210 Am Mach & Fay (7 216 Am Tel & 197 Am Tobacco B (8). . 106 Am Type Fdy pf (7). 10s 113% Law. Dividend Ra 22 Abitivt grl Exp (1.69) 23 Adams Millls (3).... 3 81~ 30% 11% Advance Runfley. 18% 184 118 Atr Reduction (3).... 41 144% u:: 8% Albany Wrap Paper. 28 Allegheny Corp..... 95 Alleg C pf $40w (5%) 89% Alleg Cp pf xw (5%) 255% Allied Ch & Dye(n6). 49% Allis-Chalmers (3) 18 Amerada Corp (3). 26 Am Agricul Ch pf. 77 Am Bank Note (13 45% Am Brake Shoe(3.40) 8% Am Brown Bov Elec. 14 309 301% 53 644 18% 282 144% 139% 145% Am European Secur. 65 Am & Forn Power. 107 Am & For Pwr pf(7 95 Am&Forn Pwr 3d pt. 19% Am HawatlanSS (2) 2 23% 23 2 23% 28% 8 39% 38 22 43% 42 18 64% 64 2 265 265 112 Am Mach & Fy pf(7) 50s 116 118 65 AmNatGaspf (7).. 208 90 90 % Am Plano.. 21 1 1 77 AmPwr&Lt($1)... 11 106% 101% 100 Am Pwr& Ltpf (§). 304 Am Ra&Std San13% 20% Am Republies...... 70% Am Rolling Mill(n2) Com 19 7% 70 4 130% 139% 3 13% 13% 5 48 42 2 48 48 2 16% 16% 208 24 24 136 247 244% 55 264% 257 118% 64 111 107% 2 12% 12% 23 Am Tel & Cable (). . ‘Teleg (9). 881 Am Water Wks (n1) T% Am Woolen il 880 242% 216 AtchTo & 107 102% Atch To & SF pf ( 176% 161% Atl Coast Line (110). 80% 51% 106 .. 84% 110% 107 Bamberger pf (6% ). 100» 1 84y 34 2 0% 6% 5% 564 110% 134 41% 108 69 5 33% 88% 50% 22% 22 23% 18% 178% 181 16% 14% - 74 4% 5% 112% 89% 101 Atlas Pow: 109 Baldwin Loco pt (1) 50s 110 122% 1:0% Balto & Ohio (7. (6). 122% Bethlehem 8tl pf (7) AtlGuif & WI (1), 6% Atl Refining (13). 78 Atlas Powder (4)... 2 8d% Ppf (6). 108 104 (m1),.. 18 % 36% 4 18 169% 161 1 35 35 ). 2 564 B6k Auto-StronSaf R(3) 2 b54% 53% AviationCorpotDel 28 7% ' Th 24% Baldwin Loco (1%). 12 284 27% 109% l; 116% 114% 83 08 108 63 Bang&Aroos(3%). 6 9% T8 20% Barnsdall. A (3).... 85 26% 25% 67% Beatrice Cream (4) 2 84w 84 58 Beech-Nut Pkg (3 5 60 60 4% Belding-Hemingway &5 & [3 32% Bendix Aviation (3). 42% 40% 31% Best&Co (2)....... 20 49 AT% 91% Bethlehem Steel (¢ B0. 97K 95% 2 131% 131% o 6 36% 36% (7). 108 99 99 3). 14 56% B4k 3% Booth Fisheries. .. 3% Booth Fish 1st pf. 81% Atlas Stor« Auburn Auto 78% Balto & Ohio pf 34% Blaw-Knox u,!fi*l Bkiyn Union Gas 40 Brown Shoe (3). 9% Budd (EG) 8% Budd Wheel (1) 29% Bullard Co (1.60! 2% Butte Cop & Z (50e). 2% Butte Superior. 70 Byers (A M). 60% umet & Aris 241% 201% Ches & Ohio (10 82% 53% 1% 52% 26% 46% B5% 125% 109 7% 43 64% 35% 20% 121% 14% 19% 90% 43% 68% Ches & Ohlo Corp 36 Chi& Eastern Il pt. 11% Chi Great Western. , 34 OhiGreat Weatn pt, 18 Chi Mil StP & Pac. 31% Chi Mil StP & Pac pf. 79% Chicago & N W (5. 17% Chi Pneu Tool...... 50% Chi Pneu T pf (3%) 1 R 1& Pao (1)... 58 Childs Co 13.40). 30% Chrysler Corp (3)... 7% City Stores (50e. 6 59 Colgate-Pal-P (3%). _3, Iren ¢ 18 65 Colo & Sou 24 pf (4). 10s G Bl () 67! 98 128% Columbian Carb (16) 10 23% Comm Credit (3).... 3 31% Comm Credit A (3) 22 Comm Cred pf B (2). 1 224 Comm Cred pf (1%). 1 12 ContainertA) 4% Container(B) 27% Cont! Baking (A) 4 Contl Baking (B) 78 Contl Baking pf (! 50% Contl Can (3%) 23% Contl Dia Fib: 1% 30 53 1044 100 130s 147 146% 5 27% 27w 4 32% 321 6 15% 15% 1 18 18 9 77% 764 g: 114% 114 261 Cream of Wht(t3i{) 9 Crex Carpet. 10% Crosley Radlo (1), 75% Cruaible Steel (k§) gar. 41% Cudahy Packing (4). 114% Curtis Publish pf(7) 614 Curtiss Wright Corp 13% Curt Wright Corp A. 64 Cutler-Hammer(3%) 28% Davison Chemieal. ., Debenham's (a2.33). Deerg & Co pf (7, Delaware & H 16% 16% 24% 24 244% 246% 257% 264% 118% 118% 114% 116 83 83 108 109% C ] A% 41% 49 49% 95% 961 181% "131% 36% 37% 29 264 26% 60% - 621 6 69 82% 86 109% 109% 27 o1y 148y 1584 30 20% 39 404 26% 102% 102% 62 62 1% 16% 6 29% A% 80%: 65% 26% 66 5% 27% 31% 1024 104% stock and Sales— Dividend Rate. Add 00. High. Low. 6% Dome Mines (1)..... 8 8% 8% Dom Stores (31.30).. Drug Corporatn (4).. Dunhill Intl (34).... Du Pont de N (14.70) Dupont deN db pf(6) Eastman Kodak (18) Eaton Axle & S Elec Auto Lite ( Electric Boat... El Pwr & Lt (1) El Pwr & Lt pf [Elec Storage Bat Endicott-John (5). Eng Pub Serv (2.40 Eng Pub Sve pf (5).. Eng Pub Bve pf(5%) Equit Office Bldg (3) Fed Lt & Trac pf (6) Fed Wat 8, A (02.40) Fid Pho Fire 1(2.60). Fifth Ave B it pf. Follansbee Bros (3). Gen Theat Equip vte. Gillette Saf Ras(nf) Gimbel Bro. Glidden Co ( Gobel (Adolf) Gold Dust (33 Goodrich (B F) ol w) (1). 1708 (13%) 3 Hartman (B) (1.30) Househld Fi pf 133% Houston O1l (b10% Howe Sound (143%) Hud&Man Ry (3.60) Hudson Motor ( Hupp Motor Car ( Illinols Central (7). Independ Ol & G(2' Ind Motor Cyele. Indian Refinin, Indian Refining y Ingersoll-Rand (16) Inland Steel (4). Inspiration Cop Interboro Rap Tran. Interbor Rap T c.0.d. Interlake Iron (1) Intl Agricultural, Intl Bus Mach « Intl Car: arvester (3 Intl Hydro El A (e3) Intl Mateh pf (4).... Intl Mer Marine (1), Intl Nickl of Can(1). Intl Nick. Can p£(7). Intl Pap & P (A)3. Intl Pap & Pwr (C). Intl Printing Ink (3) Intl Print Ink pf (6). Intl Rwys Cent Am. . Int Rys Cen A pf (8). Intl Salt (6) Intl Stiver pf (7). Intl Tel & T' 3). Inter Dept Strs (3). Investors Equity (), Jewel Tea (14) Johns-Manvill Jones & Laugh pf(7. Jordan Motor Car. Kan City Sou pf (4) Karstadt (R) (1.03). Kra! 'h Ch ( .. Kraft Ph Ch pf(6%). Kresge(88)Co(1.60) Kre (SH) (1) Kreuger&Toll ( Kroger Gr&Bak(nl). Lambert Co (8)..... Lehigh Valley Coal.. Leh Val Coal vt (3) Lehman Corporati Lehn & Fink (3). Libbey Owens (1) Ly 24 Roens [5%- Ly yers pt ( Liguid Carbonic (4) Swe » ponaEm Long Bell Lumb (A) Loose-Wiles (12.70), Lou G & EI(A) (1%) Ludlum Steel (3).... Ludlum Stl pt (63). MeAnd & ¥ (12.85). McCall Corp (3%). MeCrory (A) (1). Me Crory (B) (2).... MelIntyre Pore M(1). McKeespt T P(14% ). MeiCesson & Rob (3) McKKes & Ro pf(3%) Macy(RH) & Co(n2) Madison Sq G (1%). " Marlin-Rock (t4%).. Marmon Motor (h2), Marshall Fleld (2% ) noveenSSonannunSBuanSaBannen Pre6Y) M StP & SSM 1sd (4) 108 & T 116 ISTOCK PRIES SAG IN SMALL TRADING £ 22 Market Continues Dull—Rail and Baking ' Company Issues Featured. BY CLAUDE A. JAGGER, Associated Press Financial Writer, NEW YORK, May 19.—Stocks were sluggish and heavy at the beginning of the new week today, and the market was to tary of Commerce Lamont’s prediction that business would return to normal within three months. ‘The session was in curious contrast to the eagerness of professional traders to bid up prices in response to optimistic forecasts a few weeks ago. Business and trade reports coming to hand over the week end were mostly colorless and unimpressive, and during the early hours of trading, the market 'was even more torpid than on Saturday, when g was the slowest in nearly two years. Such activity as devel % | was largely bearish, and stocks }m::g y the firm undertone noted g ast k. y appeared in the baking stocks, but failed to make much headway. National Biscuit was well bought for a time, reflecting uncon- firmed reports that earnings were run- ahead of last year, and a little buying appeared in some of the rails. Such recent strong spots as the amuse- ment, farm implement and public util- ity shares sagged, as traders, seeing no pmorezofmmlynvlvuntfinbun market, took their profits. Steels were ressed by continued uncertainty over prices, and electric equipments were sold in response to reports of slack buytnhf their products, although they have been favored by the &vp“fin cop- per prices. One of the fist April railway net in- come reports to appear was that of Kansas City Southern, showing a fur- ther decline to $315,197, compared to $405,042 the previous month and $472,- 486 in' April, 1929. April tobacco pro- duction made their rance, and, showing moderate reduc from April of last year, were less favorable than expected, in view of recent unofi- clal ur?.oru of increasing sales. Bearish operations became more ag- gressive in the early afternoon, St. Louis Southwestern, a buoyant feature last week, broke more than 8 points, and Case and Auburn Auto nearly as much. Loew’s, which has been a recent strong spot, lost a few points, and | R shares declining 3 or more included International Harvester, American To- bacco B, U. S. Steel, Eastman Kodak, Westinghouse Electric, Standard Gas, points. The closing tone w weak. Total sales aggregated 2,400, shares. CHICAGO LIVE STOCK MARKET CHICAGO, May 19 (#) (United States Department of Agriculture).—Hogs, re- ceipts, 38,000 head, including 15,000 ing most advance; top, 10.40; choice, 300 pounds, 10.10; 380 pounds, 9.80; butchers, medium to choice, 250-300 pounds, 9.75a10.20; 200-250 pounds, 9.85810.40; 1605200 pounds, 9.85810.40; 130-160 pounds, 9.65a10.35; packing sows, 9.0089.75; pigs, medium to cholce, 90-130 pounds, 9.25a10.15. Cattle—Receipts, 14,000 head; calves, 2,000 head; fed steers and yearlings, 25 higher; instances more; she stock scarce, firm; bulls, 10.15 higher; largely steer and yearling run; best early, 14.00; slaughter classes, steers, and cholce, 1,300-1,500 pounds, 132. 3 1,100-1,300 pounds, 12.00a14. 1,100 pounds, 11.50a14.00; common and | medium, 850 pounds up, 7.50a11.75; fed yearlings, good and choice, 760-950 pounds, 11.00a13.50; heifers, good and choice, 850 pounds down, 9.75a12.00; common and medium, 7.00a9.75; cows, good and choice, 7.2629.75; common and medium, 5.75a7.35; low cutter and good and choice (beef), 7.25: 6.60a7.75; veal choice, 10.50a13.00; medium, 8 cull and 6.0008.50; weights, 9.75a11.00; common and dium, 7.509.75. ST Maryland Bankers’ Meeting. BALTIMORE, May 19 (Special).— Between 200 and 300 Maryland bankers are expected to go to Atlantic City for the annual convention of the Maryland Bankers® Association, to be held at Had- don Hall, Atlantic City, Wednesday and ‘Thursday. ers at the convention will in- of Ho&v Investors' 3 rle 3 itor of the Nation's Business; O. Howard Wolfe, cashier of the Phfl‘dclfi. National Ymk. and Dr. John L. Davis of New ‘orl poo i TREASURY CERTIFICATES. (Beported by J. & W, Seligmn & Oo) First Mortgage Loans On improved Real Estate in the District of Columbia and nearby Maryland and Virginia for 3, 5 er 10 yeoar terms om your = S5 Apply RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESFPONDENT NEW YORK LIFE INSURANCE COMPANY 1321 Connecticut Ave. Office Building Business Property Decatur 3600 Egquiitable Co-operative Bldg. Ass'n Organized 1870 JOHN JOY EDSON, President sesqenaeesss.95,7283,083,61 50th YEAR COMPLETED WALTER 8. PRATT, Jr, Secretary Surplus & Profits......81,755911.57 Subscription for the 99th Issue of Stock Being Received Cultivate Thrift Our Way! There is no beiter way of cultivating thrift than by our systematic method of investing. We advocate saving while earning. Come in and let us explain! 915 F ST. N.W. Loans Moderate Charges The ways and means are various and varied. But if you wish to obtain a real estate loan with the minimum of delay and anxiety, there is only one way to go about it— put the matter in our hands. N\ Year Loans On Improved Real Estate IN ' Nearby Montgomery County and the District of Columbia Lowest Interest Rates BOSsmrHE(PS Founded 1907 Zoan Corre t Jonn “Hancock. Hatuer Lite Insurance Co. 1417 K St. National 9300 Universal Currency No matter where Sum- mer trips take you, you'll find TRAVELERS’ CHECKS, such as we is- sue, universally able. accept- fAvailable_in convenient denominations. answer your Glad to inquiries about “Travel Money.” 3% on Savings Natiom;l Metropolitan Bank 1814—0ldest National Bank in the D vleul Columbia—1930 15th St., Opposite U. S. Treasury Tth St. & La. Ave. N.W. @4th Issue of Stock Now Open for Subseription Money loaned to members on easy monthly payments James B. Connelly James F. Shes 1st Mortgage Notes or Sale In Denominations of $250 Harry E. —0 Penns Ave OE. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. PRINCE & WHITELY Members New York Stock Exchange Announce the opening of a Washington Office in the Washington Building Tel: District 2312 MR. BERNARD A. 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May we prove to you, in detail, the sub- stantial savings possible for *The Prudential” through five and one- half per cent financing. Proopt approcals — Velushle prepayment pricioges — Three-gear loans on mewer properties without emortizstion H. L. Rust Company 1001 Fifteenth Street National 8100 ?YAILISH!.D 1889