Evening Star Newspaper, May 19, 1930, Page 15

DULL CURB TRADING Baking and Store Stocks Ad- vance, but Most of List Marks Time. BY JOHN A. CRONE. Epectal Dispateh to The Star. - NEW YORK, May 10.—Power and light issues led today's dull and irregu- lar Curb Market. Electric Bond & Share most of the time was down about 2 points and its associate, American & Foreign Power, was off about half that amount. Citles Bervlce opened unchanged, but eased ly, a8 did Standard Oil of In- Un ed Light & Power A, in which organized buying has been Agwrenb for the last several sessions, again was one of the most active luuel on the list. Floor traders heard it is about to seek additional shares of American Light & on. Deere & Co., the most sctive stock in iced industrials during zhe following the lnnIIA| report, which uld lans for liquidating the company had gun abandoned, because of improved real estate prospects. Goldman Sachs displayed activity as it moved down .Ixmt a point. would announce expnulon lans involving mergers, was listless and lit- tle changed. Pacifi ferred and points. O. Smith Corporation, which re. u&ly booked several sizeable natural gas pipe orders, toll points in a single sale. Other plpn mnnu(-:turln' com- pany shares were dull. —. U. 8. TREASURY BALANCE. ‘The United States balance announced today as of close of business May 16 was $81,760,300.45. ff“, ”:!:_’r m‘xcv aloncn to date 'll"‘u $10,321,137.82, esos 4 i gREs 29 i L lsrsgg‘m 2 BB aShusnee ! a:E KK i ; Qug, 3% ESG SRS EEEH 55 oY, os o5z o £33 K 3 1 3 =3 EGE et ESRENRIET $=8; EEE ??s%ie 8‘528#8‘3%@;33 ;f- i Qo' X 3 3! Wrsse St S 'S O el g’éfi: T EF T = i3 S 23320238 i) 2 o ) s = L &5 2888 83Ru2 2883223228 o <3 = 35EssEs 8 .g" Yo-SaavadiamonasnS. g ; = -2 PPy ! 3 g2nnseZess: 223 PSR A Notice—All stocks are sold in one which ~Prev. 1930.~ mcn Low. designated the Munhh‘.’nuh hundred-share lots e letter s (.ll) (285) odd lots only. Stock and Dividend Rate. mnmm l" Close. 1% Aeronautie Ind war.. Agta Anseo pf. 37% Am Git P&L(A) (ad) 14 AmCP&L(B)(10%) 214 Am Co'with Pwr war 23w Am Com IP(A) b10%. 344 Am Cwith P(B)10% w Am Control O1l Fids. 24% Am Cynam B (1.60) 3 Am Dept Stores. 15K Am Equiti 46 Am For Pwi 118% Am Gas & Eleo (3. 105% Am Gas&Elec pf( 10 Am Invest, Inc (B).. 4% Am Invest (war)..e 67% Am Lt&Trac (n).es T Am Natural Gas.... 18 Am St Pub 8 A(1.60) 23% Am Superpwr (1)... 874 Am Buperpwr pf ( 94% A.n Super 1st pt (6) 41% Asso Gas & Elec ¥6% Ass0 G&E (A) 12.40. 7 AssoG&E (A) dbrts 1 Asso Laundrie 89% Asso Rayon pt 3 AtlanticFruit % Atlantic Lobo . 164 Atlantio Secur Corp.. 183k Atlas Util Corp. ‘ 4% Atlas Utilities(war). 6% Auto Music A(11.08) 9% Auto Vot Ma ev pf pt 24% Aviation Corp of Am o Corp. o 33% Blue muo ev pt(ll) 68 Bohack (HC) 2%... 18 Bower Roller B 36% Brasil Trac & Lt (3). A) ( 94 Cena&SWUtlprinf. 19 Cent Btates Eles 3400 4% Centrifug Pipe(s0c). 8 Chain&Gen Bquities. 2 Chain Stores Dev. .. 12 Chain Stores Stock. . 20% Chathm Phoe Al l-v. 20 Chem Nat Asso n- KM Cities onuo(xllc), 1t 11% Col Oi1 .t.6. 284 Com’with wn-(l) . 3% Com'with & Sou war. 12% Comm Wat Serv b6 % % Consol Auto Mereh. . 1 Cusi Mex Mining.. . Darby Petrolm (1) v¢ Alr & En 80% K1 Bond & 8h (b 108% Bl B M.Ill‘(l). 1dg 19% Emp Pub 8v A(1.30). 8% Evans Wallow Lead. 2 Fabrics Fininshing.. 2% Fagol Motor.......s 8 Fairchild Aviation.. 3% Fairey Av Ltd (lla). Foltis Fischer Corp.s 28 Ford Motor. Can(A). 64 FordMot France 30c. 104 Ford Mor,Ltd. 37 %e. 2% Fox Theater Cl (A). 2% Galena Ol Corp...ea 2% General Baking 34% Gen Baking pf (: 8 Gen Cable (war).... 10% Gen B, Ltd rots(50c) 80 Gen G&Eov pf B(6). 8 Gen Indus Alcohol. . 95% Gen Mot pf new w.i.., 20 Gen W W&R(A) (2). 145 Gllbert (AC) (1), -ce Gleaner Harv, n (2) . 98 Gien Alden Coal 3 Golden 30 Gorham, Inc pf % - 116% Gr A &P Tea pf (7). 27% Guenther Law (2).«. 181% Gulf Oll of Pa(1%)e % /Happiness Candy..a 88 24% Hires (CE) lA)fl).. 5 Hollinger Gold (80¢c) 2% Homaokla Ofl....... Horn & Hard (2%).. a 374 Hydro Elec Seo (2).- 10 Hygrade Food Prod. 22% Imp Oil, Can, n(50e)s 23% Imp Tob GB&I(1: 35 Ind Terr LluOll (A) 85% Ind Terr Illu O1l (B) ‘1‘: Ind ¥4n ctfs(b10%). 54% Insull Ut Inv(b6%). 82 Insull Ut In 24 pf(6) 17 Insurance Sec(1.40). % Intercontinent Petn 224 Intercont Pow A (2). 17% ILntl Petroleum (1).. 82% Intl Superpwr(31)..; 6% Internatl Utll (B)... '10% Interstate Equities.. 40% Interst Eqov pf(3).. 12 Irving Atr Ch(1.50)u 1% Jonas & Naumburg., % Kolster-Br (Am Sh) - o L CRoonul e aBuarane o 4 000 10 g e e B B0 e 6 i b - Srre O -’-‘.:-S»—-n-u - el 4 22 1 8 1 4 2 1 8 1 4 8 4 3 2% 1% 1 3 12 ] 3 8 2 4 508 28 9 ! - -4'“flwn—uywnu.—-u'u..—o;..‘ Indus Fin ov pf (7). 2601 97 Koppers G&C pf(6). 100s 76 LrAlr Liquide, 35% Lackawanna 1% Land Co of Florida. 21% Lane Bryant (2). 29 Lefcourt Real vlll). 1% Leonard Ofl........ 384 Lerner Stores (2)... 3 1 13 2 1 1 2 2 ~Prov 1930.~ High. Low. piXeck an lend Rate. 1% Llly ’.I‘ullD Cup1¥.. 3% Loew's. Ino (war)... 34% Lone Star Gas, n ( Long Isl Light(60c). Long Isld Lt pf (7).. Louisiana Lan & Ex. MacMarr Stores (1) Mtg Finance v.t.e. Marine Mid (1.30) Mario) lllnn S &l) Meal Joln-on(n 18 Nat Gas. Met Chain Stores Mid Sts Pet v.t.o. Mid Sts Pet v.t.c. Mid W Sta Ut (1%).. Mid Wst Util(b8%).. Mid Wst Util A war. Mid Roylty ev pf(2). Min Corp of C (25¢).. Miss Riv Fuel bd rts. MoKsnPL (b10%). Fam Stra(1.60). Fam 8 pt (2) Natl Steel x-war(2).. Natl Sugar, NJ (2).. Natl Transit (1)...0 Natl Union Radio. .. Nebel Oscar 1%..... Neet, Inc, ev A(1.60). Nelson (Herman) (3) uu New Eng Pwr pt (8, lom 1064 Newmont Mia (34 18 8 18% 1% o&Bu Alres, H 11% Niag Hud Pwr B war 27% Niles-Bement-P 13 1% Nipissing (3 121 Noma Elee (. lllfi nu Nor ln Pwr ot (1), 96% North 8t Pwr pt(8).. 664 Ohio Of1 (4).. ' 108 Ohio Ofl pf new (6).s 3% Outboard Motor (B). 26 Pac Coast Biscult (1) 49 Pac Coast Bis pt Cor mou:(u (l%). Pwr&Lt pf(1 'l\i Rossia Intl s 5380 - - - s Py B TEN R SN0AD0 19096 D i 1o 155 1919 01 1 0010 = D 1 1 e 018 - - 3 s HELD UP IN APRIL Customary Decline Did Not Take Place, Special Survey Indicates. Special Dispatch to The Star. BY BLAINE IN INVESTIGATION 8 NEW YORK, May 19.—Aprl in- dustrial activity in the Nation as a whole held at substantially the same | 5o levels as in March, but was 11.9 per cent under April, 1920, according to the econsumption of trieal energy by 3,800 manufacturing plants through- out the eountry, Hleetrical World re- ports. Manufacturing operations for past years indicate a tendency to drop dur- 273 | ing April as compared with March, but this year the customary decline did not take place and general manufac- % | turing remained at s balance in the b and lumber products industries .. §§s....._..==::.‘ - o L {5 - T PPy iory - - COT TP 210 110 Safeway 8 (war3d)s 10s 8¢ 19% StRegis Paper (1) 22 oo 5% Sunray Oll (406). .ve 88 Superheater (13%).. Swift & Co new (2).. Switt Internatl(33%) Swiss-Am El pf (6) .. Tampa Eleectrie (23) 3% Thatcher Sec Corp. . ‘Thermoid Co pf (7). Transamer (81-(0). . ‘Tran Con Alr Trans Lux D la P l.q ‘Tri-Cont Corp (wWar) T ummu(xuo))- - Tubsize Chatel (B) ws mion To lfl\fi “ Unit Car ,‘lltnr(lfla) 2% 14% 1% 23% 1’% o 3 l-l”t 14% United Corp (war).. U 8 Rubber Reclaim. U S Shares Fin. Vacuum Ofl (1434) e Van Camp Packing. . Vick Financial Corp. Waitt & Bond A (2 % Westn Alr lxv(lo-) Wostarn Md ot (T).. Wil-Low Cafeteria... Williams R C(1.40) w Wilson Jones (3)..s3 ‘Winton Engine (4)5 Woodley Petroleum., Zonite Products (1) RIGHTS. Cities Service Clev EI Lone Star G fl Mo Kan Pipe. 1% 3 » RO BN DNDE 00 M0 B0 s o | JOTORUTOTPPS AT -1 T s N RARERRHHO-RNN HANN® LRO 121 1% 1% 1% 1% 16 20 20% 20 20% 80 4% 4% 4K 4% 28 1w 1% 1% 1% vidend rates in dollars based on Iast quarterly or semi- T FORE T I AT Expenenged Advertlsers Prefer The.Star March-April period. The average rate of industrial activity during the first third of the current year was 109 per cent below the same 4-month period a8t year, ivery section of ‘the country,’except the Western States, showed a decline redpenuom during April as com- pere ch, and every section on‘ & plane nulmmuy lucts luring April brought the level of Western manufacturing activity to a point some 12.8 per cent above March. Several industrial groups appear to be experlencing marked upward ten- dencies. The leather pmducu industry reported a l,’rltfll increase over Mureh Iollumfl ship-building with & f 10.5 per um.. lwru ay and , 102 per cent; lucts, 7 m cent; lummbl.lu, eludlnl a1 Broduct, 2 %) ol lycf per cent, mills and steel plants 1.1 hemical products, leather ‘bullding are the only ing on & plane above per cent. Cl ducts and dull.flu opera ril last year, CHICAGO STOCK MARKET By the Associated Press. CHICAGO, May 19.—Following is the complete official list of transactions in stocks on the Chicago Stock Ex- E: 2 H >>>>32 5E25S EEerSuss B PR e ”5:555;& S 33838 <5 " United I land Unlud n! ldllnd Unmn ! idlane g “‘;‘.“v.x Yy‘m'& L 3; 5600 M 100 Sterling Mot Tru 1906 Stone (H O) & Oo. - sessggeee gi gk oodrufl & 2700 Zenith Radi Stock sales toda; : e w,,.w..,. Go Pnr(fl Rtcun Bkst 5 m.m jumeman NEW Yt | ing public is vublh of inflaf vm Plan of Inquiry. 1t is his plan, Blaine siys, to séan all the leases and lay aside any that ma; appear questionable. Once through the 1ist, he will return to the segregated con- tracts, call witnesses and if their evi- dence warrants have it incorporated in port he expects to make to Congress in December. “We are not,” he says, “going to jump into this without a definite program and make ilu:e mistakes t;.:mmuuu by most investigating committees. “When we call a witness we are going to have pretty reason to believe he will have somef to tell us. This will be an unimpassioned, businesslike in- vestigation.” ‘The other members of the committee are Senators Hastings of Deleware and Herbert of Rhode Island, Republican “regulars,” and Senators Hayden of Ari- zona and George of Georgia, Democrats. Political Aspect. An indication of the political issue the investigation may become is seen in the STOCK FRAUD'LOSS DECLARED LOWER! Investing Public Is Found|resu More Discriminating Making Purchases. Special mnpnuh o The l;;r _— invu\ ORK, May L = creasing sophistication u yoar of o Better Business - B York Oity sees increasing the truits of the movemmt to heighten confidence in legitimate business. The signs of eonlt.ruetlve runln are to be found in the increasing tication and discrimination of the investing public, and in the attainment of major victories in the war against »f swindlers on the of law-enforce- ment officers hand in hand with organized business. Economic Waste Reduced. “Al‘!..)ul w '“clr:nnnal.y- munity I'l‘l' f the il and economic significanc of 'the better busineds buresu mave conscience ing cordingly, the level of lcmncy t.h- sale ot'mmm dise mm with resultant gains for the” ultl- JOHN J. BLAINE. Ch”ge by Jouett Shouse, chairman of the Democratic national executive com- mittee, that the St. Paul, Minn, com- mercial station lease which led to the investigation was s “palpable fraud” continued through “three Republican administrations.” Senator’ Fess of Ohio, Republican ‘whip, just as vigorously dentes fraud and collusion. :a.n-b"mmmn and for individual busi- Mr. Aucincloss the work of tes dis- 'ashburn, assistant mm Mur;qn ‘Thomas Brower, Commissioner Whnlen and Postmaster General Walter r|SOUTH ADDS PAPER MILLS TO ROSTER List of Industries in Dixie Increased by New and Thriving Endeavor. By the Amhu;:rhl. - 10.—Dixiés family dusthies, Tollowing a tradl P ress in utilizing its vast resources of pine woods in making kraft EW—&M in and course material wrappers. South always has had the wood, but, until a few years ago, lacked the lants. Her annual stand of yellow pine estimated at 940,000,000 cords. Now, with manufacturers taking advantage of the climate that grows trees much more rapidly than in the northern p: per belt and assures a steady supply, she is gt:lng the mills. ‘The ama_City pllnl project n! the Southern Kraft Corporation, is to be located on the Northwest Florida Coast and will be the first major de- velopment in the Sunshine State. The mill’ will be the largest in the South and one of the largest in the country. Maj. J. T. Friend, vice president of the corporation, says the concern hopes to start &rodu:ing late this year. the new plant in operation, the dllly output of the Kraft Corporation low the Mason and Dixon line will be nbout 1,000 tons of paper a day. And that is by no means the Southern total One of the newer developments nlmei Ala., where the Kraft ?g:- ast Fall opened a mill lun producing more than 200 tons Gulf States, especially Loutsias have been the leaders, w}gh Vumnnl: bu- Tennessee and North Carolina figuring, 'm larger Southern phnh are at Mobile and Tuscaloosa, Camden, Ark.: Bastrop, Boulun, Hodge and .| West Monroe, La.; Moss Point, Miss.; GRAIN MARKET CHIOAGO, May 10 (#)—Estimates that Kansas, Oklahoma, Nebraska and T.m will lelee 10,000,000 bushels more wheat season than indicated W the my ll forecast, did much today to pull wheat values down. An- nouncement or 4ouooo busheis de- ited States wheat vis- €] A some mmxmm was without any market efféct, as no damage was shown. ‘Wheat cl.ooed 15’-2% a bunhel lower than Saturday’s Corn closed M'.l %fl% oft lnd pro- hanged t & setback of 2 Y%‘is REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD L.S;.":..!“' ';g&.:'.u"‘ 1826 1?.. MW Rational 0478 Time Tested Shoes HEN Government chemists wanted to know the wearing qualities of shoes tanned by a certain process, ‘they enlisted the -afd of ° Washington postmen. * The men were - fistructed td keep & record of the- length of time & pair of shoes was worn. As postmen are known to be hard on shoes, accurate knowledge of this particular tmning process was obtained. The time test can-be used to find out 3 the merits of investments, too. For instance, ‘'when First Mortgage Notes have been fssued for more than sixty. one years without loss to an investor, there must bé & scientific factor that makes such a record possible, What makes these First Mortgage Notes se- cure—safe and sound—is that they are used to finance some of the finest properties in Washington, where the demand *for better housing facilities is always on the increase. Time tested by.a record of more than 61 years, these notes yield the unfailing ‘income of 6 per cent ane nually and are now available in de- nominations of $100, $200, $500 and upwards. SWARTZELL, RHEEM & HENSEY Co. ‘' MORTGAGE BANKERS \ 27 15 STREET %:xo/ WASHINGTON Canton, N. C.. and Covington and West Polnt, Va. Most of them produce only kraft and other course products, al- though mills at Klnnron Tenn Can- , N, C., and several in Virginia turn out fine papers. None of the Southern mills produces Real Estate Investments JAMES Y. PENNEBAKER Nat.5201 1520K St.N.W. witi SREITeT DO ANNUITIES O sond tor Tatormation LEROY GOFF INSURAN( First Mortgage Notes FOR SALE" In Denominations of $250 and Upwards . JAMES F. SHEA 643 Louisiana Ave. N.W. D O &onho Courtiand Nizen, 1518 K St. N.W. | e i Sold in Lots—$100.00 Up Call or Write Standard Collateral ~ Shares Corpwlfion Woedward Bullding. Met. 8788 Fenner & Beane New York New Orleans MembBers New York Stock Bxu:lnng. and other NORTH AMERICAN TRUST SHARB Rave be purchased by over 35,000 INVESTORS since public offering Feb. 19, 1929 Information on request W. W. Lanahan & Co. BANKERS Washington Office: Hill Bldg: Edwin D. Flather, Manager Telephone National 6997 Members New York Stock Exchange Members Baltimore Stock Exchangs Associate Members New York Ourb r