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NCIAL. ®xx A]S CUT IN BANK RATES CONTINUED ABROAD N2 D. C, 'TUESDAY, 'MAY 20, 1930. Fl VEGETABLE PRICES | REGISTER ADVANGE FINANCIAL CURB ISSUES DROP || NEW YORK CURB MARKET IN HEAVY SELLING 3 G STAR, WASHINGTON AND BOND AVERAGES By the Associated Press. #..m Yesterday's 5:30 Edition. Received by Private Wire Direct to The Star Office . Stock ana Sales— Dividend Rate. Add 00 Open. mm MacMurr Stores (1), 19% MacMillan [et (32). 231 Magdalena Synd. ~Prev 1930.~ High Low. 4% I8 28% Notice—All stocks are sold in one hundred-share those le-lxnu by the letter s (65s) those stocks to be )ol‘ in odd lots enly. 1 ,- Stock ana 2 Dividend Rate. (285) l Utilities and Oils Are De- pressed by Offerings; Other Shares Off. BY JOIN A. CRONE. 8pec.c] Dispatch to The Star. NEW YORK, May 20.—The irregular- ity that marked the opening of the Curb Exchange today brought out in- creased offerings, resulting in widened tmdln(-ndlossuo(lwnpolnum Electric Bond l.nd BShare, after open- ing off 3, at 98%, on a lot of 4500 shares, ran into considerable selling in the first two hours that carried it down, to 97%. The company is about to re< fon its earnings and holdings, which or the first time will include Electric Investors Incorporated. Floor rumors, ‘which could not be confirmed. were to the effect that a prominent bear oper- ator had sold the stock Monday. held fairly well until a series of blx blocks were thrown on the market :,lzlch knocked the quotation down to %. American Commonwealths and Power A was in demand, as its 1929 report showed a gain of more than 200 per cent in net. Dugquesne Gas early in the session ran up to a new peak price of 17. Appa- lachian reacted, despite its announce- ment of new contracts. Cooper-Besse- mer, a company that recently booked several large natural gas pipe orders, rose more than a point. United Light & Power A remained one of the most active utilities, but was compelled to absorb profit-taki ns along ‘with other leading power and light shares. Unconfirmed rumors were that United Light & Power would offer one lnd one-half of its A shares for a share of American Light & Traction new in an attempt to get more stock of the latter company. BONDS ON THE CURB MARKET. Sulesin ' DOMESTIC BONDS. S Alabama Pow S8 e, 1035 1034 m! Yas 96% Wi g 255 FEFEE FFE TISE o§eagheaes e ng§'§5! P 12 T bl i 3 o ¥, o 28383283228 FESE s £t 4 of S SEEsdszany SEksznsennadegis ES55e g 8as o i q Reggan Fegzas s =y §< : eaeges TeEeensesessey eorsghERs 51 5 ] H .,E_i g™ ERee 832 113 2§SsSennss 35! e 22 223822888858323! §i= i ) £ o 3 H oy ] Erige: 5 = H 11 235sSenny?! i e5'> Zm > SRR o S 8 v it 118% =3 3 SgE § 283 3822283233882 T e TEEEE (S & SEzeeggeyssetels & E3peng3es: 55: SEES TSRS FEFRSNNE 25 - BealE el HoRuBEa swuti-dansnalss . mEeb. 2" 78 €0, Fond o) EEEE *900) S8tgeg3ses! 235588 g08e5 et 0! 283 SESAFRESTTTE, 558 P o ewawdd SR 2855 8gesese T 23358 o™ - S H%‘ 22am sgosiesSuseseyenszsate FERE S SR - 3 253585 e aE P & s§§§§§s geeaee 25 & B = 2 on bt B e 0B 20! 1 FE s:a:=s=§§z;== 00 l‘:l& 10304 E:‘;-..-S:‘B:fi! asesstnerets 8382 & SRR SzgseEsacesesy! A e GRS W28 o SRS e ‘88..2“2'#852538282 i3 2228 & rm- [} 0L 'u"g 1, nu'n lnr Sk ISV =P Ltd & 8 85102 I ‘.:g:xés_-.':u: FEE Aero Supply (B) Agfa Ansco pf. % Allled Aviation % 3% Allison Drug St (B). 856 2756 Aluminum Co of Am mou 105% Alu Co of Am pf (6). 24! 19% Alumn Goods (1.20). T Am Capital (B).... 32 Am Capital pf (3). 68 Am Cigar Co... 14 AmCP&L(B)10%) 28% Am Com I'(A) b10%. W Am Control Oil Flds, % 113% Am Gas & Elec (31). % - 4% Am Invest (war) 89% 67% Am Lt&Trac (n). M 18 - Am St Pub S A(1.4 23% Am Superpwr (1) #4% A.n Super 18t pf ¢« 17 Am Transfor (1.40) 10% Am U& B vto 400 17 Amrad Corporation.. 9% Anchor PF (b10%). 12% Anglo-Am vot (73c) 15% Anglo Chil Nitrat 10% Appalachian o;.. 51% d41% Asso Gas & Elec. 46l 6% Asm0o G&E (A) 12.40. 11% 7 Asso GEE (A) dbrts 147% 1256 Asso Gas&El ctfs(8) 6% 4 AssoRayon. 281 24% Asso Tel Util (67%) +* % AtlanticFruit & Sug. 14% 13% Atlas Util Corp. 5 4% Atlas Utilitles(war). 164 o% Auto Music A(11.05) 17% 9% Auto Vot Macv pt pt 55 24% Aviation Corp of Am 19 7% Aviation Securities. . 49% 36 Axton-F Tob A (3.20. 5% Bellanca Aircraft. Blue Ridge cv pf(as) Bohack (HC) 2%... Brazil Trac & Lt (2). Brown F&W,B(2.40) Buff, N&EP pf(1.60). Burco, Inc..... Burma Corp (1316).. Buzza Clark, Inc.... Bwana M Kubw " Cable Radlo T v.t.e. Canada Marcon! Clev Kkl illum (1.60). Clev Tractor (1. Colum Plec v.t.c. $1%. Com’'with & Sou war. Comm Wat Serv bé% Comstock Tunnel. .., Consol Auto Merch. . Consol Copper....... Consol Cortez Silver, 13% Cena Dairy Prod (). 90% Con Gas, Balto(3.60) 10% Con Gas UtiyB v.t.e.. 10 Consol Laundries.... & Consol Nevada-Utah 28 Cooper Bessemer(2). 38 Cooper Bess pf A (3) 5 Copeland Prod.Inc A. 10% Cord Corp..cesesasss 14 Cor & Rey pf (A)(6), 456 CosdenOil.....eese. 89% Coty.So Anon 74 -1 5% Creole Petroleum..., 18% 'Crocker Wheeler.... 40% Cumbeland P L(t18). 1% Curtiss Wright war. 2 1 CusiMex Mining.... 12% 7% Darby Petrolm (1).. 22% 18% Davenport Hos (2).. 162% 113 Deere & Co (11.20).., 8% 23 De Forest Radlo.... 224 22% Deisel-Wem-Gil 1% . 4% Derby Ofl Refinin; 8% 5 Detrolt Alrcraft. 23% 12% Douglas Alr (76¢)... 56% 31 Dres(SR)MIgA3%. 44% 38% Dresser (S§R) B (2).. )M 41 Driver Harris(new). 13l . 6% Dubilier Gond & 145 Duke Power (35).... 16% Duquesne Gas (new), un ll-lu- mnzmum Kl Bond 8h (b6).. 61 mm loflh El Bond & 8b p£¢6)w 24% m«rumu)... 22% Elec Pwr Asso A (1). 28% Elen Pwr & L, 0p war, 16% Eles lmmu'm) : 16 Electrographie (2).. 0 3% Fairey AvLtd (ll:). # Falcon Lead % Fandango Corp. 6 Federal Baking Shop 19% Federat Metls(t1%). 1% Fiat Stock debrts. .. Flintkote (A) (134).. 18% Fokker Alreraft.,... 28 Kord Motor, Can(A). 64 FordMot France 30c.. 10% Ford Mor,Ltd. 37 %e. 2% Foundation For S| 214 Fox Theater Cl (A) 2% Gold S 30 Gorham, Inb pt l““ 1314 Guif Ofl of Pa(1%) 1% % Happiness Candy Hartford El Lt(2 10 ' Hygrade Food Prod 22% Imp Ofl, Can, n(50e). 3 Ind Terr illu Oll (A ; 10% Interstate Equities.. 12 Irving Alr Ch(1.50) .. [] %rvlnl’ Alr Chute war 16% Libby McNell & L. 17% Lily Tullp Cup 1% 18% Lion Ofl Refin (2),.. lh Loew's. Ine ( Ir)... i% Lone Star Gas, n (1 F 1 e 2t S » - T T TOTo o P ST O TT T - O N VY S RTINS T YT PRI ST T T T - - . o ® 2 POTIIOPS <19 Emes aSd LYY PO TN - > -~ » b 80 "3 aaFeRaRwBrvonaSvennnElovunmRonla .h-uuu:.nnnnsuSenu 18 53 IUI 11% 4 3% EDy 85% 3% 6% Y4 86% 22% 6% 22 Aauwm:m Loy, Cloge, tog Mangel Store: Mfg Finance v.t.e.. Marine Mid (1.20). Mid Sts Pet v. Mid Sts Pet v.. Mid Royity ev DflS Mid W Sta Ut (1% Mid Wst Utiltb3%). Mid Wst Util B wai Miller & Sons (2) Mo Kan P L (b10%) . MissKPLv.te.... Miss Riv Fuel bd rts. Moh Hud P 2d pf(7). Montecatini deb rts.. Mountain&Gulfise). Mount Prod(1.60)... Nati Amer Co. Natl Aviation Natl Bond & Shar: Natl Da Prpt A ( Natl Fam Strs(l.6v). Natl Fam S pt (2)... Natl Fuel Gas (1)... Natl Investors(new) Natl Pwr&Lt pt (6). Natl Pwr & Lt pf (7) 5508 Nat Pub Sv A(1.60). Axatl Rub Mach (%).. t Trm SecA x-war(2). t, Inc, cv A(1.60). Nevada Cal Elec. New Brad 01l (3v¢).. New Eng Pwr pt (6). New Mex & Ariz Ld.. Newmont Min (34)., N Y&Hon Ros(11%). N Y Pet Koyalty (1), N ¥ Riokliu Aires. .. N Y Tet pt (63%) Niag Hud Pwr.A war Niag Hud Pwr B war Niag Shars Mdu4ve) . Niles-Bement-F 12% Nipissing (30c) Noranda Min No Am Aviat A war,. Nor Am L&P (b8%).. Nor&Sou Am Corp A. Nor Sta Pwr ptA7) Novadel Angene (2 Uutbourd Motor (8). Pac Coast Siscuit (1) Pac Coast Bis pt 3.60 Pac Gakil 1st pf 1% . Pender(D)Gr A(3%) Peunroad Corp, .. ea Penn Lex Fuel (2)., Feop L&r, A (a2.40). Perryman Elec. . Petrol Corp (1%) Petrol Corp war. Philippe(L) A 1. Pllot Ka T(A)(1.20) . Pltney B ¥, n (20¢). Polymet MTg (31).., Power Securities Power Securities pf.. Prince & Whitely 1., Prince & Whit pf(3). Prudential invest... Pub Util Hold w w.. Puget Sound prior pt Puget 8 P&LL P (6). - CRRRENmAGNMCOENE 2 - o rorErvoarnmanennicanen Rallway & Lt 8(15).. 2 Rainbow Lu Prod B.. Relter-Foster(4ve).. Reliance Intl (A).eu Reliance Manag. Reynolds Invest, ... Richs, Inc (1.20)..04 Rocklans Lt&P(92c) Roosevelt Field,Inc. Rossia Intl Corp. St Law Pap M pf(6). St Regls Paper (1).. Schulte Real Estate., Schulte Un 6¢-31 St.. Seaboard Utilities. .. Sec Corp Gen new (4) 8Seg Lock & H (50c).. Seiberling Rubber. ., Selected Industries.; Sel Ind allotefs 5%.; Select Ind pr(53%)... Sentry Safety Cont, Shattuck Den Min. ., Shawingan W (2%).. Spanish & Gen Reg. . Std Cap&S new (2.40) Stand Inves pf(5%). Standard Motors. ... %) Stand O11 Ky. €1.60). Stand Oil, Neb.(13% Stand Oil. Ohlo(2%). o - B i 1 O 02 OV 00 I b 0 e G e 0200 B 02 e St Oil, Ohio pf (7)... 1 Stand Pub Serv (A) Stein Cosmetics. Struthers Wells T. .. .v Stuts Motor Car. Sunray Ol (40¢). Superieater (13%) 20% Swift & Conew (3).. Swift Internatl(2%) ‘Tampa Electrio (32) Technicolor, Ine.... ‘Teck Hughes (60c) ‘Thatcher Sec Corp. . ‘Thermoid Co f (7).. Timk Det Axle pf(7) ‘Tobacco & All Stks. , ‘Transamer (31.60).. Tran Con Alr Tran.. Trans Lux DL P S. 4 Tri-Cont Corp (war) Tri Utllities(31.20).. Ulen & Co United Gas Corp Utd Lt & Pwr A(1) Utd Lt & Pwr pf(6) Unit Ret Chem (A) Unity Goud. ... Universal Ins(3%) Utah Apex (50c) . Utility Pwr&Lt(al). Util P&L B ctfs (a1) Utllity Equities..... Vacuum Ofl (14%) Veeder Root (2%)... Venezuela Petroleum Vick Financial Corp. Waitt & Bond A (2). Walgreen Co.... Walker (H) (1). Walker Min (7%¢) Wayne Pump. . ‘Wenden Copper. Winton Engine (1) .. Woodley Petroleum. “Y* Oll & Gi ‘Yukon Gold. ATS. b 12% 320 40% - 12% 2% o N U. S. Survey Discloses Better Market for Grain, Feeds and Potatoes. Advances in grain, feeds and potatoes | were the price featurss of the market the middle of May and later, says the United States Department of Agricul- ture, Bureau of Agricultural Economics, Market News Service. Somewhat unfa- vorable crop conditions were the prin- cipal basis of market recovery in these lines. Berries approached the usual time of greatest carlot supply, but prices held fairly well and are considerably higher than in late May, 1929, owing to rather ll'h‘ producuon in some districts. But~ ter, eggs and poultry are in liberal sup- ply, with light demand and inclined to lower prices. Live stock market did not change much, although hogs moved a shade iower and veal calves advanced, reaching top of $13 at Chicago. A few cantaloupes were arriving from Mexico and many from Southern Cali- fornia in mid May. Honey Dew melons were coming from South America. Prices of cantaloupes in rial Valley de- | clined to a range of $2.50 to $2.65 per 'standard crate of 45 melons and. city dealers were getting $4.50 to $8. There was a material advance in prices for cabbage, onions and potatoes, Wwith strawberry markets still firm. Cabbage Season. The cabbage season opened in Vir- ginia and Tennessee and increased move- ment was reported in Alabama, Missis- sippi and North Carolina. Texas onions advanced to $1 to_$1.65 per mw in Northern markets. Prices of pof s in Western New York declined to fl 20 E::l 100 pounds, but then advanced after middle of May to $2.50. Northern Maine went up to $2.35 on sacked Green Moun- tains and the North Central States gain- ed 30 cents. Dry weather materially re- duced the strawberrv crop in many ship- ping areas. Prices to growers in North Carolina declinéd slightly as the season in that State closed, and a slight downward tendency was noticed in some other States, but terminal markets were fairly firm, uped.l.lly on good stock. The season began in Virginia and Maryland. ‘The late May supply of berries should not be excessive. Watermelon movement began with two cars from Florida. Let- tuce is selling lower in Central Cali- fornia at $1.65 to $1.85 per crate, though there was a good demand for best stock. Condition of the Georgia peach crop is reported spotty over much of the territory after freezes of the past Winter nnd shipments may not exceed 7,500 ca After the mlddle of the month prices of advanced from one-half to three-fourths cents a dozen, following the previous decline of 1% cents, and the market became firm. Underlying position is hardly as as usual at the season because of heavy production and large holdings in cold storage. Broiler Supply Light. Fresh killed broilers were in light supply, both Western and nearby stock, and no difficulty was encountered in moving those recelved in most cases at premiums over Twhllnm ‘The melg and supply ot fowls were considerably in excess of buying demand, with the market ln the main showing a decided dragginess. Due to the liberal h killed fowls, however, was exceedingly l!]ht the May 1 cold storage report, holdings of frozen poultry are still large, amounting to 78,000,000 pounds on that date as eompu.rea with 52,900,000 pounds a year ago and a nve-yur aver- age of 64,500,000 pounds. There was, ImweverA a lh“::p ::ducuon in’ stocks during net storage movems mmm' & decréase of 113““: pounds in comparison with a decrease of only 8,458, pounds for April year, H GRAIN MARKET CHICAGO, May 20 (Special) —The wheat market broke sharply today in the final hour under liquidation 5% stop-loss selling influenced by the htnk‘ in the stock market. Closing prices were near the da 's low, lhowlrll losses of 1% to 13 eenu May, 1.08%; July, 1.03% to 1.03%: September, 1.06% to 1.06'%; December, 1.10% to 1.11. Corn was 1 to 1% lower. May, 78% to 78%; July, 80 to 80%; September, 81 to 807 ;. December, 'M!fi to T4%. Oats_closed 1% to 1% lower. July, September and December sold- at new lows for the season. May, 40%; July, 39%; September, 385; December, 41%,. Lard closed 2% higher to 2% lower. NEW YORK COTTON NEW YORK, May 20 (Special).— The cotton market quieted down with- in a narrow range and recovered 5 to 12_points today, Strength in old crop positions and expectations of an unfavorable ‘weekly report tomorrow served to offset the best weather map in some time, as al- most no moisture fell in the Mississippi Valley or Western States. Spots were advanced 10 points to 16.40. Cotton : tober, 85.»&. ew FOREIGN sxcmau 18 13 8% 3% 62% 64% 4% 4% 1% 1% % » 46 1% 1% 1 1% 9 20% 20% 20 20 122 1% 1% 1% 1% 12 4% 4% 4% 4% 4 1% 1% 1% 1 28 14 1% 1% 1 based ‘on lsst quarterly or semi- "nm e m:. il o Siock s Pazable m&"‘l’ Sl Grown, Stocknolm, ci TREAS‘U’RY CERTIFICATES. mauy.v.uw,-mmacul“ RetesReatust «.-’Im-' 5 100 SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co, Allis-Chalmers Co, 1 American Tel. & American Thres RS SER5225582828883! 32539323 & F v Union Ol Co United Dru; estes Wheeling Steel Wheeling Steel ] Lycoming creasing ### ?F'fé».%s c:é s T I orp: 12 1988 'Sdw odintliik lnnuhct\mnl Co. rewnl production it | ineren ring the n my;:-n ago, weekly aver. . 958 Hl'h (1930) cieee 3B Low (1930). 919 CHICAGO STOCK MARKET B the Associated Press. CHICAGO, May 20.—Following is m complete official list of transactions in stocks on the Chicago Stock Exchange today: Sales in 850 Assoc Tel 160 Atlas _Stores. 3250 Auburn _ Au 200 Banco Kentucky.. 100 Bastian-Blessing . SRR e e ® R FEAE T B BESLES2RBER2: Cal esess ¥ & 8 =§-:= ¥ o E;:gg.sfi-,:s.::s::ss - aysges £ B oL 30 Electric mh':rfe: nnumnl 830 Foote Gear SERE ¥ FEE g Bau8sssa, magy F FE sunssecBousses. e Glean 100 Grent Lakes Airérati. zwcr::z k" Dredge. d_Corp. 21300 GH{sby-Orunow 50 Hall Prin 89 Hibl !B:"'-BSGSS-_E S T SR F B3S2843; = smal2R8821843! & ERES i rsonidl! 100 Lincoin Prin 00 Lion 200 Loudon Facki 200 Lyn 35300 M3 Holt. 550 Manhattan Desi 250 Marsnall bield. w El R SFPEEE E & SE3RSVARS, N SUlLRESEREREE: Ld o 5> FORRRARRE &t 2Rt 5 8. 882825 BESEE NS S8 U ;ssss§"a§‘§§*§‘i Sy 888288585, 5158558, FEEFORS FA IS W SA.LBEN ! 4 50 Nat v Pt 100 lauvnn n?:xb V.. 80 Nat Secur 50 Nat 288 Nat.stendsr 300 Nati = R s usmas EE R paaet I BRISAAT 4! o 8253 Storkline Furnitus Studebaker Mail 2400 Suprr-Main 400 Swift & 2100 Swift Intl Time-O-8f i Markets at a Glance NEW YORK, May 20 (#).—Stocks ir- regular; United States Steel approaches yoar's lowest before rallying. Bonds irregular on increased sales; ccnvert- ibles reactionary. Curb frregular; Vacuum Oil touches new 1930 low. Foreign ex- changes steady: sterling firmer. Cotton higher; local covering. Sugar steady; ct;l:‘han support. Coffee lower; Brazilian selling, CHICAGO, May 20 (#).—Wheat easy; favorable weather and crop news. Corn easy; ideal weather for farm work. Cattle steady to lower. Hogs lower. Corporation News NEW YORK, May 20.—The following is a summary of important corporation news prepared by Standard Statistics Co., Inc., New York, for the Associated Press: News Trend. The Labor Department’s index num- ber of wholesale commodity prices stands at 90.7 for April, compared with 90.8 for March, a decrease of one-tenth of 1 per cent. Compared with April, 1929, the index has declined about 6.3 per cent. Farm products group gained 1 per cent in average prices over March. Foods were about 34 of 1 per cent above the March level. Practically all other groups recorded decreases. Of the 550 commodities or price series included in World-Wide Easing of Credit Is Reflected by Further Slashes. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, May 20.—Coincident with the closing out of the account of the agent general for reparations under the Dawes plan and the transfer by S. Parker Gilbert of $36,000,000 to the Bank for International Settlements, which opens for business this week, was the announcement that the bank of Germany had reduced its rate of dl&c'mlm to 4!2 per cent from 5 per cent. This had been pending for several weeks, as private discounts in Berlin have been down to 37 per cent, or lower than at any time since 1914. In fact, moncy was so easy in the Ger- man financial center that there was serious discussion of fixing the Reichs- bank rate at 4 per cent instead of 4% per cent. It may go to the lower level shortly. IL was also announced that the Bank of Italy had reduced its rate of 6 per cent to 5 r cent, where it is at a parity with the rate pr:v-mn: in Spain, and leaves Austria with a 6 per cent rate. the highest in Euro) England, Holland, Belgium and varteurllnd now have official rates of 3 per cent, while that of the Bank ,of France is down to 215 per cent. These rates compare with the rediscount rate of the Federal Reserve Bank of New York of 3 per cent. Bank Share Sales. With the transfer of the reparations funds to the Bank for lntemltlg:lll Set- tlements, this institution now takes the second step in providnig capital with which to funetlon in the sale of its low shares. This will occur in New York, London, Paris, Berlin, Brussels, Rome, Tokio, = Amsterdam, ~Stockholm and Zurich. The first seven flanancial cen- ters will each have 16,000 shares for distribution. The other three cities have been allotted 4,000 shares each. Only 25 per cent of the value of each share is to be paid for at present. Thm has been a very heavy vlnee int for the stock of this new bank, fi is expected to play a very im the compilation increases were shown by 103, decreases by 171, and in 276 in- stances no change was reported. News of the oil industry is unfavor-| able. Daily average domestic output of crude oil in the week of May 17 is es- timated at 2,611,883 barrels, an increase of 14,442 barrels over previous week’s average. Outstanding items in te news are the offerings of rights Du Pont de Nemours & Co. to pur- itional common stock at $80 and filing of recelvenhxp nm. lgnmc Hamilton-Brown Shoe. statement of the Celotex Co makes a distinctly unfavorable com- parison with a year ago. The Companies. American Cigar April sales in- creased 9,728,000 over year ago; four month. increased 45,784,000 over 1929 period. American Tobacco April sales “Lucky Strike” Clgarettes increased 262,000,000 over April, 1929. Auto Strop Safety Razor has granted Probak blade license to Lucky Stroke Razor Blade Co. Celotex Co. earned 19 cents on com- mon m:foammnlfk mont.hk: to Aj or‘}l 30, against 2 previous perlod. Chrysler tr ld d 825 new de‘lers since the first of y the day’s cor- | signed part in the luture both financi; lnfl gom?cnlly. Th;' c"]“fi“ n'mn‘l which the eaviest oversubscription are New York, Paris and hndm:‘!poflfid Just as soon as the Bank for Inter- national Settlements receives the cash proceeds of the sale of its stock and the institution and the governments which ?lrtlciplw in °its affairs have he necessary agreement, it is expected that some definite announce- ment will be made covering the rate of interest and the price at which the new reparations loan is to be offered slmultlneously in this country and in Europe. Much perssure, political and financial, is being exerted in different directions to effect terms that will satis- fy all of the European lenders and thef investment clientele; also to provide a basis insuring the smooth going over of the loan in the United States, wheére the amount is $80,000,000 or $90,000,000 of the total issue of $300,000,000. In- vestment houses in New York and the interior have been sounding their cus- tomers and have reached the conclusion that at least a 6 per.cent return necessary to produce an active interest in the issue by American investors. Gilbert Completes Task. There is much interest now in the future plans of S. Parker Gilbert, who since 1924 has carried out the repars- Citles Service purchased 23 lervlce statlons. of Wolverine Oil Co. o Michi- roximately. $500,000. n earned $10.37 on com- in 12 months to 5 to offered right to subscribe w 357,071 ad- ditional common shares at $80 share in ratio ?( 1 -h-‘:l for u%lll‘ 30 held. Pro- creds for capital expenditures. Electric Auto me curren® production " Famous —Canadian labor Mplnment investigaf proposed merger with Paramount Pub! Hamilton-Brown Shoe Teceivership filed by Continental Illinois Bank & 'n-lut . of Chicago, & creditor, for $360, Other claims are said to 'n'll er $3,000,000. Nonh American first quarter con- struction e ditures of system amounted to tl! 11'92 Mzmsnimt $8,- reported increasing holdings of Capital Traction with view to merging it with Washington Rail- way & Electric. Paramount Publix will relflle 248 luctions during year starting .& including 65 feature-lens Paramount News will show 104 issues. Pilot Radio & Tube April consolidated sales up 54.1 per cenz our months 33.1 per cent above yea Republic Suel hu atlmd ration of new stainless steel division at Masil- Ie jon. Stone & Webster, Inc., subsidiary gets ntract from Standard of New Jerley ?:r duun and construction of research laboratory at Bayway refinery. Sinclair Oil Profits. NEW YORK, May 20 (#).—Opera- “lflr‘ oéo the ueéipoulg d ent of Sin- ¢l nsolidaf turned a_profit of $832,200, compared with $117,358 in 1928. The increase, despite a decline in shipments, was at- tributed to economies of operations and new sales policie: DU PONT OFFERS RIGHTS. YORK, May 20 (Special) — 2% | NEW The E. I. du Pont de Nemours & Co., leading manufacturer of explosives and chemicals, offers rights 1 common shares at $80 a share in the 1150 Wise Bkh B ¥ 50 Zenith Radio. B elen tod NEW YORK BANK STOCKS NEW YORK, May 0 (Special) Chase nmmu m was the center of in trading in ratio of 1 new share for each 30 shares held. The rights, which expire July 15, are worth npproxmu!.ely $1.60 each. Proceeds from the rights sale amounting to $28,565,680 will be for expansion and other corporate pur- Payments will be made as fol- FM? ‘Twenty dollars a share on July 15, then’ $30 on umber 20, and|good $29.25 on December 20. Rights on the T lu:el:xmnn opened at 1%, then _Business Notes By the Associated Press. NEW YORK, May 20.—Consumption of electrical energy by 3,800 manufac- sale. | tyring plants mrquhuut the country in ch, | April, according to e Electrical wm-ld. held at the same level as March, bul was lliporcmtundnumlmmth last year. Clark, Dodge & Co. has prepared a of | analysis of the earnings of 34 indnnflfl lyn | companies whose business is not seri- 'X‘nllt, 815, off 5; nn l,.: cv tinent ; Empire, 90 lhlnt Manhatian, 1343 Manutacturers, 134, and New York Trust, 295. PARIS BOURSE PRICES. PARIS, Maj (#).—Prices ‘were easler on the bourse Thr.e&ur cent nnuc, 87 francs 70 centimes. Five Er 100 francs 90 centimes. change on Ymes. The dollar was quoted at 325 francs 50% centimes. . Used-car auction sales are being held Afriop, % ously affected by trade depression show- ing net earnings for the first quarter of 1 available for the stock of $92,021,- Wfl, as compared with $75,699,000 for the same qulmr in 1929. The total quantity of asbestos sold or used by producers in the unma Ml!'d 8,155 tons in 1929, the of Commerce re| pom than uo new uses for Ilatex, mllk! liquid from rubber trees, have been dis- eovned'.hhyflr More than $26,500,000,000, Bonbright & Oo‘, Inc., reports, is invested in pub- tility concerns in the United Shhl, an increase of $1,000,000,000 in the year. Investors total 3,000,- 000, survey states, e last year re-|900a9.65; tions portion of the Dawes plan and who, with the transfer of funds that has just made to the Bank ‘for International Settlements, has completed one of the hardest tasks given in inter- national affairs to any American since the ending of the war. Whether he will ntummhhrm!eulonulhmor accept one of partner- !hlps that have been offered him in leading American banking houses is not known today by his mm intimate friends here. Many people feel that eventually he will be asked to join the firm of J. P. Morgan & Co. -ndwm charge of the foreign affairs of the hmmm:mnmm-uonhn- portant European made in this coun Prench loan was ‘war period. (Copyright, 1930). -—— NEW SECURITIES NEW YORK, May ” (H—Nu\' securities offered today_ incl Milwaukee County, wu ll.lonm‘m 43; "per cent sewe bonds, rage di priced to yield 4.20 per eent. by First Un;on'rnm: Savings Bank of Chicago Northampton County, Pa., $500,000 4% per eent priced w ykld 4.075 per cent, by ‘gmnnty Co. of New York and syndicates. '°nn nuAnlh— ce lected during the CHICAGO LIVE STOCK MARKET CHICAGO, May 20 (#).—(United States Department of Agriculture).— Hogs, 23,000 head, including 4,000 @i. rect; mostly 10 lower; hogs uhn. der 280 lbs, 10-15 lower; top, 300 Ibs., 9.90a10.25; 65; butchers, medium w 250-300 1bs., 9.65a10.15; 200-250 1bs., 015-10!0' 160-200 Ibs., ,15!10’0. 130-160 Ibs., 9.60210.25; king sows, pigs, medium to choice, 90+ 130 1bs., 900!1000 Cattle, 8,500 head; shippers buying all steers and better steady; others llnvl, weak to 25 lower; active, firm to higher market on fat cows and butcher heifers, also bulls aj vealers; heavy steers, 14. slaughter cham steers good and :hou:e 1,300-1,500 lbs., 12.25a14.25; l.lM-l,m Ibs., 11.75a14.25; 950-1,000 Ibs., 11.35a to subseribe to|14.00 I 5 yearlings, good and Cholee, 760-950 Ibs,. 11.25413.26; helfers, good and choice, 850 lbs. down, 10.008 12.25; common and medium, 7.00a10.00; cows, good and choice, 7.75a9.75; com= used | mon and medium, g.oo-'l .75; low cutter and cutter, 4.50a6. choice (beef), 7.50a: dium, 6.75a7.75; vealers (milk fed), and choice, 10.50a13.00; medium, 8.50210.50; cull and common, 6.00a8.50; . stocker and feeder steers, good and choice, all weights, 9.75a11.00; common and medium, 7.50a9.75. 11,000 head, fairly active; bulls, good 00; cutter to me- Spring top to city butchers, 1140 for 80 California’s. Fat__ewes, slaughter classes Spring lambs, good and choice, 10.75a11.75; medium, 9.508 10.75; and common, 8.5089.! Lambs, lood and choice, down, common, 50-8 5; um to 92-100 pounds, 7.7589.75. Ewes, to choice, 150 pounds down, 4.0085.75; cull and commcn, 2.00a4.25. INCREASE IN DIVIDENDS. NEW YORK, May 20 (#).—Cash divi- dends paid in lny by ootpontlo\u ex= cluding banks wmp-n.lu !-he New York Stock The gain amounted to $5! totaled $263,300,000. NEW YORK, May 20 (#).—The American Machinist rvponl that the market for machinery and machine tools throughout the country shows an :‘!‘x‘t:mzly irregular” trend. Wm of le proportions reported one week Il eounurblhneod by a sharp slump in the next, the periodical re-