Evening Star Newspaper, May 27, 1930, Page 14

FINANCIAL. REPARATIONS LOAN PROSPECTS BRIGHT| Bankers Expect Forthcoming Issue Will Be Greatly Oversubscribed. BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK. May 27.- ;gusmm men rett; nerally are sa: g7 ."w the reparation bond issue out of the way as soon as possible so that an opportunity can be had for regular business to expand and de- velop.” w‘;:y is the bond market hesitating? Money is cheap—cheaper than it has been in years. Banks are full of it, unable to loan it at profitable rates. Unless new complications arise at the bankers’ meeting in Paris, next Monday, June 2, is the day when the full details as to the reparation issue are expected to be announced. These bonds are to carry a 5 per cent cou- pon, with principal amortized in 35 years, and sold to net the investor around 6 per cent, although the exact rate to the purchaser has not yet been determined. In nine different nations the issue will be offered simultaneously, with the United States taking about $80,000,000 ©f_the total of $300,000,000. Yes, it will be greatly oversubscribed, not only in the United States, but in most of the other money centers. But the bond market, in the mean- time, is waiting for the job to be com- pleted. Investment bankers will be glad when this issue is out of the way. ‘The opinion of Benjamin M. Ander- son, jr., Chase National Bank economist, any extension of branch blnkl:gpmhe United States, is chal- lenged by Lyman E. Wakefield, presi- dent of the First National Bank of Minneapolis and vice president of the First Bank Stock Corporation, which controls many banks throughout the ninth Mfl':.lm R’nu‘er&gumct.‘ o After expl experience the Northwest showed plainly that there are many small towns and villages not able to support & unit bank where a branch bank can meet the situation, Mr. Wakefield says: “New York's domination of American banking rests to a certain degree on the correspondent system, which Mr. Anderson advocates as the perfectly mnu relationship of the large and banks. The trade area branch system, the regional group plan or the combined group and radial branch pro- posal would promote a greater financial independence of the trade areas or group regions. “Mr. Anderson places considerable stress on the point that a small bank in a one-crop community can attain the needed diversification through resort to the open market and call loans on the New York Stock Exchange. That is perfectly true, but, pursued to its ulti- mate conclusion, it means the continued drawing away of & community’s accu- mulated capital. A diversification of mmol m::,g: resource, 'r;:.ch w&l:lfl re caj safely within its borders appeals to me as the better way. ‘The battle nnu are forming! “Safety is, :!ur - , the real chfllenae ‘This is m nondumn of Prof L. Bowers of Ohio Unlvmlty In his new book, “Does It Pay to Work?” d prac- Mneu, the - l‘mu!l t;e"‘mn o cause of safef slighted and ignored. Mt« going into the facts showing more workers are injured and Ulkdhfluwarklhcfllnmeflulhm there were killed in war and that workers are safer in the war trench than in the modern factory, he quotes figures to show that 75 per cent or more of all the accidents could be wvoided. & “Worl men’s compensation insur- ance has n_developed prlnuu-uy to pay injury benefits, rather than to pre- vent leeldznb," says Prof. Boweru “Ap- tly there is no reiationship be- n such uemluly diverse things as -.fety guards and insurance premiums cw’e::lybenenumdcmmbook Exactly. Those who have considered the ymblun s0 far have not_seriously pmaucmn costs. But they tlm ly. Prevention, compen- sation and profits must be viewed as re- lated parts of one comprehensive whole. “If more and more goods, in ending variety, are then those 'hn Mreb:u for the producing shoul wlm::le for safety and i goods should pay cost,” are his eonclumn; ‘words. ‘The political and and_financial leaders of both Austria and Hungary have been visiting Paris and London and New York lately in the hope that each of these countries will be able to float a substantial foreign loan to “carry on”— on_the borrowed money. Neither country has recupera.>d since the war. Both are hard-up today and unemployment has been xrowln‘ stead- fy for 18 months in both places. Runllf!. its farmers llmely inter- heat and wine, has suffered untold dlllmr in the low prices. Buda- pest and Vienna dally report new bank- ruptcies and many suicides. ‘The League of Nations helped Aus- tria once, but she is no longer able to finance herself out of income. The same goes for Hungary. Chancellor Schober of Austria, for- mer Vienna chief of police, has lately visited several European capitals for the sole purpose of arranging a new When the peace treaty divided Aus- tria and Hungary into several eco- nomic parts, the conferees probably did not realize what they were doing. (Copyright, 1930, by North American News- vaper Alliance.) PARIS BOURSE PRICES. PARIS, May 27 (#).—Prices were easier on the Bourse today. Three per cent rentes, 87 francs 35 centimes. Five per cent loan, 101 francs § centimes. Exchange on London, 123 francs 942 centimes. The dollar was quoted at 25 francs 50% centimes. _— U. 8. TREASURY BALANCE. The United States Treasury balance announced today as of close of busi- ness May 24 was $117,270,346.55. Cus- toms receipts for the month to date were $39,654,390.16. _Total ordinary expenditures, $6,078,835.20. DIVIDENDS DECLARED NEW YORK, May 27 (#).— Resular. Rate. i ressograph Int.3712¢ l-u- Mg (@range, 1% | on & pool THE EVENING STAR, WASHINGTON, D. C., TUESDAY, MAY 27, 1930. SECOND-GRADE RAIUIEFEBONDSIJ GAIN N SUBURBAN - NEW YORK STOCK EXCHANGE Btock and Bales— Dividend Rate. = Add Myer(FE) & Bro(2). Nash Motors (§) Natl Biseuit pt (7 Nati Cash Reg.A( Natl Lead pf(A) 10, Natl Lead pf(B) (6). Wl Natl Pwr & Lt (1)... 16 Natl Supply (5). . Natl Supply pf (7). Natl Surety (5). Natl Tea Co (1).... Nevada Copper (3).. N ¥ Central (8)..... 4 NYChi&StL (6)... 3 NYChi&StLpf6). 4 Y & Harlem (5)... 208 Invest (1.20 4 NH&Hart (6). 5 State Rwyspf.. 30s N Y Steam pf (6).... 108 N Y Steam 1st pf (7) 10s North Am Aviation.. 25 North Am(bl0%stk) 72 North Am Edpf (6). 1 Northern Pacifie (§). 7 North Pacific ct (5). Oliver Farm Equip. . OlivFrEQptA (6).. 8 Oliv Fr Eqov pt(3). 18 Oil Well Sup pf (7).. 108 Omnibus Corp. . 4 Orpheum Cir pf (8). 10s Otis Elev, n(2%).... 17 Otis Elev pf (6)..... 10s Otis Steel (23%)..... 1 Pacific Gas & El (2). Pacific Lighting (l). 11 Pacific Mills. . 708 Pacific Tel &Tel (). 708 Packard Motor (1).. 109 10l 1 2 23 7 N NY NY NY 31 Param’nt Publix (I) 266 Park & Tilford (33). Parmelee Trans 1 'A . Penney(JC) pt A(6). Penn Dixie Cement. . Penna RR (4)..e..e. People’s Gas, Chi (8) Pere Marq pt (§) Plerce-Arrow (A) Phoenix Hoslery Pierce Oil. Prairie Oll & Gas(2) Prairie Pipe L (15).. Pressed Steel Car.... Pub Serv,N J (3.40). Pub Serv'N J pf (5). Pub Serv N J pt (6). Pub Serv N J pf (7). Pub Serv N J pt (8). Pullman Corp (4)... Punta Aleg Su c.o.d.. Pure Ol (1%).... Pure Oll pf (8).. 6 Purity Bakeries (4). 187 2 4 2 108 54 40 pLT). Reo Motor Car (80¢c) . Republic Steel, Republic Steel pt & Shattuck(FG)(113%) Shell Union (1.40) Shubert Theatres. Sinclair Con O1l (l) .. Skelly Ofl (2)..c000e Skelly Ofl p£(6). Solvay Am Df(l!i).. So Porto Rico Sug (3° So Port Ric 8 pf (8). Southern Cal £d (3). Southern Pacifie (§). Southern Rwy (8)... Spalding 1st pf (7).. Spang-Chalfant..... Sparks Withngtn(1). Spear & co. . 200. Spicer Mfg. Splccer Mfg pl l) + Stand Branas (1%).. ux 13% L 21% 39% 21% (Continued From Page 13.) 00. High. Low. 3 4F ahw. lnzx Stand G &l 45 6‘% Stand O Stand Of Stand O Stand Of Stand P Stone & Texas C ‘Tex Gul Thermo Third Nat Inv (2) Thomps: Timken Timken Tri-Con Unlon Of Union P; Union T" Utd Frut Utd Gas Utd Gas VaEl & Warren Warren Wess O Youngs Am Tel stock. § 64 StandGAEDL(4)... Webster-Eisen pf (7) 50s Wess o1l & Snow (2). West Penn £1pt (6). West Penn EIpf (7). 208 West Penn Pw p£(§).160s West Penn Pw pf(7). 10s Western Dairy (B).. Western Md. . Western Md 2d pt, .., Western Pacific pt Western Union (8).. Westinghae » B (3). Westinghse E&M (5) 124 Wuu:n E&M pf (6) 2108 Wertark Radio Strs. White Rek MS(14%) Wilcox Oil & Gas. ... Wilcox & Rich B (3). Wilcox Rich,B etf; Willys-Overiand 1180} Woolworth (3.40). Worth Pump. . Worth Pump(A) (7). Worth Pump(B) (§) Wrigley (Wm) (4).. Yale & Towne (15).. Yellow Truck. Recelved by Private Wira Direct to The Star Office Stock and SBales— Dividend Rate. Add 00. High. &E(3%)... 5: ll1lh of Cal (3%). Stand Ofl Exp pf(5).. 1] of Kan (2). il of N J(12). M1 N Y (1.60). late Glass pf. w. Starrett (LS) (12%) Sterling Sec (A).... Sterling Seo pf(1.20) Sterling Sec cv pf(3) 25% Stewart-Warner (1). Webster (4). Studebaker Corp (4). BONDS DEPRESSED Carriers’ Reports Are Signal for Selling—Prime Issues Well Supported. BY F. H. RICHARDSON. Epecial Dispatch to The Star. NEW YORK, May 27.—Renewed heavy selling of the second-grade rail v | bonds featured bond trading today. Symington. .. Tenn Cop & Ch (1).. orp (3)evuaas f Sulphur(4) Texas PC&Oil..... Texas Pac Land Tr.. ‘Thatcher ‘The Fair ® (1.60). 2.40) . 1d Co (2). ‘Thompson Prod(2. on Starrett. . Thomvg-!ur DE(3%4) Tide Water As pf (6) Det Ax(80c) Roller (3)... Tobaceo Products A. Transcontl Oil (30c). 4 Transue & W (1), Trico Prod (2%). itl Corp. Tri-Cntl Corp pt (§). ‘Truax Traer (1.60).. Und-Ell-Fischer (5). Un Bag&Paper(new) Union Carbide (2.60) 1l of Cal (32) Union Pacific (10) acifio pf (4) . "k Car (1.60). Utd Afreraft. . Utd Alrcraft pf 1t (4). & Imp & Imp pE(S). Utd Plece Dye W () Utd Plece D pf (6%). Utd Stores (A). Rubber 1st pt. S Steel (7). Utll Pwr&Lt A (62).. Vadasco Sales Corp.. Vanadium Stl (14).. Vick Chemical (33). Va-Car Chem..... Bwr 5t (8.0 dos Vulean Det (4)..... 1208 Vulcan Detin pt (7). Waldort Systm(13). Walworth Co (3).... Ward Baking (B). Warner Bros Bl (4). 188 Warner-Quinlan (1). 108 3 Bros (3).... 4 Fdy & P u). 26 17 1 10s & 8n pt (4).. El Instr (1). i3 e 020 Eenliinnnnane Spring ll) . - = Am Roll M, .June 16 & Tel.Aug 1 454 227 53 . i ’lfllét flPl' Plua ‘8% in stock. 'k Phis 3% 1a Objective By the Assoclated Press. NEW.. YORK, Msay 27.—With the Stock Market now languishing in the rather weary hands of professional trad- ers, there is much buzzing by tip-bearers about pool operations. Small traders still seem to snap up tips about pools with considerable lvi- dny‘ although it is now widely acknowl- that it was the over-ambitious eflaru of pools that caused the crash three weeks Ifi; Apparently this sort of truier reasons that without pvublu: buyn; opera- tions are about all there h e!t w move the market higher. He fails to consider, however, that a pool operation consists merely in buying a stock at a low level, bidding it up, and selling it out to the public at a higher level. Pool Methods. Unless there is sufficient public par- ticipation in the market to permit the pool to distribute its holdings, it must eventually dump them averbocrd. some- times at ruinous prices, rticularly ruinous to the little fellow 'ho has been trying to follow the move. At least this is what is understood to have happened in a few stocks early this month. Unless one has confidence of an early wave of rubuc buying, therefore, a tip move is dangerous to follow. In fact, many conservative traders con- dlnce 0 follow at all umu. tvrwmu-nocku being accu- ulated by & pool :::n will u'f ':ue wn.h great — pool is featy o uun. its pronts is the small trader llnly to hear about it. After accumulating a block of shares, & pool manager likes to move the issue up Mullly. attracting little attention. Spectacular blfld.ln‘\ll:oft.hz-ueh often resorted to toward the end of a move as & means of attracting the |tial in TIPS ON POOL OPERATIONS HELD DANGEROUS TO TRADERS Small Investors Seldom Know When Syndi- cate Will Sell Out Its Holdings. Is Secret. to learn when to sell, for successful pool operations requlu that the objecuva be kept a dark secret. After an operation is completed the stock is oflen left mddznly wlumlit market nsorship Pool uuvlty hu been lcmully, scathingly and colorfully condemned on the floor of Congress, in editorial col- umns and elsewhere for years, and the name itself has taken on such an ominous aspect u:n speculative circles have for some time been urging sub- stitution of the word syndicate for pool. Some members of the banking con- sortium which came to the rescue of the stock market during the Autumn selling panic were .'.alen'“ll" exe;:l:te’dl over references to themselves as cipants in “the bankers’ pool.” It should be mde clear that in a general sense & stock market pool refers merely 'n a Trr:vup of persons who have pooled their resources to mketmrnzloraosmmnoeku r«lp of stocks. Pool -mmy may pefr- form a legitimate and necessary nomic_function, or 1: may eoum-ufie :‘gll Wall Street calls sheer “raw Tig- Legitimate pool operation efllllh fll exercising flmum umen and e: rience to pick a ltock lelnu. out ol llne with “its intrinsic value lnd in line with its proper it Blreet fecls that this 5 as Justifable s Bl 5, o ey ‘Wall Street Attitude. The average investor has little op- pommltziw learn the under] con- Gepend for capital fands uon good mar- | Ws for cap! N u mar- kets in their s ‘Wall Street reTulred. and the risk of capital in- mcgm{ervluvergrllkdstreet holds no lef* for unprincipled pool operators who dellbentely (:lule inflated values, retuluns inful deflnlon nor has tmuehl tg for the suck- ers who follow '.hem It should be pointed out, however, ‘that pool oper- ators make honest mllfilku, mtl’ to themselves as well as to the public. PATHE STOCKHOLDERS Bpecial Dispatch to The Star. NEW YORK, May 27.—Holders of the 8 per cent preferred stock of Pathe Exchange, Inc., have formed a protec- Pposed of Richard A. Rowland, formerly general manager of Pirst National Pic- hollfl of Liberty Nltlonll Bank, and W. A. WVaterman of Waterman, Bonn & co. t, Clark, Buckner & Ballantine are counsel. secref of the committee is F. R. Ryan of Mc- Tombs & Ryan, 25 Broad street. ‘The committee states that at the annual meeting of stockholders, held April 29 and adjourned until June, Jo- seph P. Kennedy, then president of the company, described the condition of the company as unsatisfactory and stated that unless directors procured funds to carry out adequate production and dis- tribution programs he would resign. Mr. Kennedy and John J. chairman of the board, resigned shortly afterward. ‘The 8 per cent preferred stockholders TS are de!nulfied under the certificate of ration. This !l!l committee is being the purpose of eleeun( directors, and a request is made for yrom MONEY xu.n'r bl a?m_ehn:iw'y re z Tlm“ blnlmm & little flrm.r in xhe lonl maturities. Mone; uof 3 per cent dly nnd wuanlly pplied. Bankers' te feels tfinuflfltyolpoouum light secyrities whic! 4| public. ‘The o belngm" also feels '-Iflfl! profits ances and commercial paper were q SILVER QUOTA'HOII m:mvat. May 27 (®.—Bar sil- ‘The Street received with disappoint- ment the reports of 14 carriers, showing a decrease of over 25 per cent in net income during the first four months of the year, as compared with the same period of 1929, and those bonds most easily affected were thrown onto the market in large blocks. Otherwise the list presented an irregular appearance, with firmness in ti h-grade group, minor fluctuations in the industrials and slight advances in many of the for- eign dollar bonds. In the landslide of junior railroad issues, St. Paul adjustments accounted for most of the trading and had the widest loss, dropping over 2 points be- % |low its previous low price since 1928. St. Paul 5s, a bond much more secure, eased off fractionally. It is within 2 points of its low for 1930. Other active losers in this group were 5% | after the first hour. tl;m Inc.; Robert W. Danlel, chairman | Coi Murdock, ! Rock Island 4l2s, Erle refunding 5s, International Great Northern adjust- ments, Frisco 4!2s, Southern Rallroad 4s, Western Maryland 4s and Boston & Maine 5s. Volume was much heavier than on Monday, chiefly due to the dealing in railroad bonds, but activity tapered off Time money re- mained around 3 to 3% per cent for 90-day bills, but a downward trend in bankers’ acceptances indicated that rates may be still lower before the week is through. ‘The ket is now well prepared for the reparations bonds, and there is lit- tle prospect of a convulsive movement of prices either way. The day saw some slight indication of preparatory 'marking up” in foreign issues, chiefly 14 | German, and there was a emnr‘nuvely solid demand for French, Belgian and South American issues. The new Jap- anese 5158 were active and a shade lower. In the prime group such issues as Ca- nadian National §s, New York Central 4s, Southern Pacific 4155, Union Pacific first 4s, Standard Oil of New Jersey 5s, Duquesne Light 4'2s and Laclede Gas 51%s were fractionally higher. New issues totaled close to $20,000,- 000, or about the same as on Monday. Of this, $3,510,000 consisted of Seaboard Airline equipment trust 5 per cent cer- tificates rlced to_yleld 4.25 to 5.20 per cent. lg Gas Electric Co. offered QIHOOU 000 of first mortgage 4158 at 9314, to yleld 4.85 per cent. During the way Canadian National Rail- ways asked tenders on $15,750,000 of 41, per cent equipment certificates, and Boston & Maine sought permiulnn to issue 75,000 shares of its preferred stock in exchlnle for mme of its gen- eral mortgage bonds. A preferred stock offering was $13,000, 000 Alurnlnum Lim- ited 6 per cent cumulative of $100 par. It was priced at $99.25, and was re- ported rapidly subscribed. i Washington S.tock_g(change SALES. Georgetown Gas 55—$500 at 102%;. 1, | Washington Rwy. & Electric 45—81,000 at 87. Capital Traction Co.—10 at 68, 10 at 67, 10 at 66%, 10 at 66%, 10 at. 665, 10 at 6615, 10 at 66, Norfolk & Washington Steamboat rts wi—1 at 177, 1 at 17%, 2 at 113, Potomac_Electrlc 5% % pfd.—10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 10 at 107, 20 at 107, 5 at 107. Washington Rwy. & Electric pfd—1 at 987, 5 at 987, Chevy’ Chase Dairy pfd—2 at 103. Lansion Monotype—10 at 124, Peoples Drug Stores pfd.—2 at 108. AFTER CALL. Mergenthaler Linotype—5 at 102!3, 5 at 10215, Washington Gas Ss—8500 at 10274, Washington Gas 6s A—$1,000 at 102%. BONDS. Bid and Asked Prices. Amer. Tel. & Tel . & Annap. com’ to. & Annap. pfd. .. NATIONAL BANK. FORM PROTECTIVE BODY |&&ha e Washington (13) TRUST COMPANY. Amer. Sec. & Tr. Co, (13). Contin tive committee. The committee is com- | Un: BAVINGS BANK. k of Bethesda (6§). . Bimeros & Bavin Washington Mecl FIRE INSVRANCI American (12) Qorcoran (10 Piremen's (8 National Union TITLE INSURANCE. Columbia (6h). Real Estate (8 Title & Inv. Co. umm.unloul Barker ch |g'.'c. are enti ed to elect & majority of the| Fed. eight quarterly dividends {: Tov lr‘:o;:nu Smx X, nm Sedurlty storase ¢ & Cor Sl extra, ulooo tons 1141029, partly unbuhh!a a H elrmu wwnlnmulu duty on pe- " | Sao Paulo 85 i| Atl Guif 5s UNITED STATES. (Sales are in § Sales. High, 24 0 100 9 101 1 1021 1011 1019 1051 108 6 121 USds'4i. . US4%sb2.. kst 46 Argentin, Argentine 6 Oct'59 Argentin l‘&l 62. Argentin Argentin Australia 5s B! Australia 434 '5 Australia 5s 'l'l Belgium 6% Belgium 7s 'S5 Belgium 7 ‘56 Belgium 748, Belgium 8s Boltvia 8s. | Brazil 6%s Brazil 6145 °27.. Brazil 8s. Canada 5x '53. Chile 6s "60 Chile 63 61 Chile 7a* Con Pwr Japan 7 Gopenhagen 6s rota Cuba §%s. Denmark 41 Denmark 6 DET5% Dutch East Ind’ 47 Dutch East T 63 '62. Fiat 7s war *48 Fiat 7s ex war - NAN AANR SmANNAND wanwan Netherlands New So Wales Nord 6%s. Norway 6s'63. Norway 5%w. ... Norway 6s'43. .. Norway 6s'44. Norway 6% '62. Orient dev 5% &8 Paris-Lyons-M Paris-L; AN N NONONN DAARTN A ACRARARN B NAD R —h i MRS N %8 R'!'l Dutch 4 “l" Saxon (PW) 7s. Seine 75°42.. Serbs Cr Slov 7. Serbs-Crot-Slo Solssons Sweeden § Swiss 538 Swiss Conted Toho El Pwr 68 '33. Tokio bs. .. Tokio 53861, Utd Ringm 63 Uruguay 65°60. Vienna 6s 52 Warsaw 78 '52. Yokohama Mllc!I.LAN Abitibl P&P Allis Chalm 68 '3 Am Agri Chem 7 Am Chain 6s'33. AmIGChb%s Am Int Cor 6%, Am Metal 6% "3 Am Nat Gas 6% w43 Am Smit & R 1st Am T&T cvi %o Am T&T 6s'65. ™ % Shennlumens P Am T&T 5%s. Am Water Wks Armour&Co 4% Armour. Del.5 4w, Asso O] 8 o CET TIPS P Atl Refinin; # Bell Tel, Pa, 58 (B) Bell Tel Pa b3 (C).. Bethlehm £t1 pm Beth Steel rf bs. Certn-Td 5%s rct Chile Cop Colon Of1 » eirnS 9 Bocleo cumm wa - Humble O & R 6%s Tl Steel 438 °40. .. Inland Steel 43 ‘18 Intl Cement 6s 48.. Intl Match 58 47, Intl Mer Mar 6s. Intl Paper 6 Intl Tel & Tel 43 Intl T&T ¢34s cv. Int] Tel&Tel 68 55 1 1 6 4 8 3 1 Nor States Pwr Pacific Gas & PacT&T 1 Pan Amer Pet oher Eathe Bachs . nge '. A« Teoples ey 2 1 2 2 1 3 6 2 0 1.000.) Low. Close. 1009 1009 9 10116 10116 0 1028 1029 110111 10111 1019 1019 . 9 10518 10518 1084 1084 0 1126 11210 FOREIGN. 104% 4% 9B% 93% 1084 4 10T% 112% 1084 114% 2| cht Mast P 4s % CMSP&Pac adj5s03 411 EOUS. 1 12 108 103 Phlllfi.il'('l Phila & Read Phfl“vlhl Pilisbury F M 1 104% 104% 104% l 1k Slw MW 95% 95 5% Pub Serv G 4%s ‘70 16 981 98% 98% Pure 011 5 12 00% 100% 100% 9% 96 96 98% 98K 984 100% 100% 100% 1024 101% 102% 103% 103 103% 100% 100 100 9% 9TY 9% 9% 96 96 97 97 97 108% 103% 103% 104% 104% 1043% 108% 103% 103% 9% 9K ITU 100% 100% 100% 1061 106% 106% 105 104% 105 96% 964 964 85% 85 REM 100% 100% 100% 100% 100% 100% 91 91 91 55 56 55 106% 105% 106 108% 103% 103% 102% 102% 102% 2 100% 100% 100% ‘Win RepeatAr 7%s 108 103 103 Youngstn S &T Bs.. 18 102% 102 102% RAILROAD. Atchison gen 4 30 94% 94 Atch deb 4% 134% 134 61% 61 94 93% 94 9 9% 9% 100% 100% 100% 103% 103 103 103% 103% 103% 103% 103% 103% 105% 105 105 1 Sinclair Crude 5%4s Sinclalr P L 6s. 24 Tex Corp ev United Drug Utilities Pwr §%s Vertientes Sug 7 94 134 61 Atl CoastL 1 Atl Coast Line 58 2000 (D). 1st s rets. Boston & Maine 5x. BrdwavaT7th Av bs. Bkiyn Manhat 6s. .. Bush Term con 6; Can Nat 4%8'54 Can Nat 4%s ‘67 Can Nat 4%s Can Nat bs, July’ Can Nat 6. Oct " Can Nor 6%s. Can Pac deb ds. Can Pac 4%8 48 Can Pacific ctfs bs. Cent of Ga 6sC 59.. Cent of Ga 5%s. 9\\« 100 22 98% 97 958 96 %% % 954 102% 102% 102% 102% 102 102% 114% 114% 114% 87% 87 8T 9% 99% 99% 102% 101% 101% 101% « 1105 105 106 Central Pacific 4s.. 4 94 94 94 Cent Pae 1st 58'90. 10 103% 103% 103% Ches&Ohio Corp bs. 20 100% 100% 100% %s. . 9915 991 99% 99\6 971 97% 4% 941 7 ket 854 931 93 871 57T% 84 984 1011 101% 101% 106% 106% 106% R2% R2% 82y 91K 91 91U 9T 9TH 9% 95% 95% 95% 80% 90 90 99% 99% 99y 104% 104% 104% 115% 115% 115% RO% 89 RN 100 100 100 98% O9RY 98y 108 108 108 100% 100 100 C B& Q gen 48 5. Chi & E Ill gn Chi Gr West 48 Chi MI1&St P 4%s C ” Chi MII&StP4%s E 11 ChiM{IStP&P 68°76. 9% 56% Chi NW 4%82037.. 5 Chi & NW con 4%s. 35 Chi & NW ref 53 Chi T H ine 65 '60. . Chi Un Sta 4%s. ... Chi Un Station bs. . 6 10 29 CCC&StL deb 4 14a. Clev Term 4%s°77. Clev Term 5% . Colo & Sou 4% Cuba RRES....... 1 Cuba RR 6s'36 ctfs 2 Cuba Nor 5% srets. 81 Del & Hud 1strfds 18 93% 934 934 105 104% 106 951 951 97 Duluth S 8 & Atl Erle 1st con 4s Erfe gen Erle bs, 1967 Erie 5s. 1975 Fla East C5s'74... Gr Trunk st del Grand Trunk 7; Grt Nor 4%s (E) Grt Nor 1st 5 Gt Northern Great Nor Gulf Mo 68 (B). Hud & Man ad 5 Hud & Man ref 11 Cent ref 4 T Cent4%s 111 Cent Chi 4 %= Int Rapid Trans §s. 15 Int Rap Tr 6 stpd. 41 Int Rapid Trans 6s. Int Rapid Trans7s. 15 Int & Gt Nor 5s°66. 4 Int & G Nor 1st 6 1 Int & Gt Nor ad{ Int Rys C Am 6 Int Ry C Am 68 '41. Int Rys CA 6%sre. Kan City F't 8 ¢s. 94y 54 7 105% 105 105 16 110% 110% 1108 30 5 110% 110% 110% 111% 111% 111% 100 100 100 82 81y 81% 9% 99 99 928 9I% 92w 101 100% 100% 98 98 98 69% 68% 687% 68% 68% 59 89 931 9815 93y 102 102 102 82% 82 Kan City Sou b Kan City Term LehV gen 414 s 2003 Long Ts deb 5s ‘31 L&Nunids L&N%s ManRy 1st 4s Market St 7s Mill El Ry&Lt 4% Mil El Ry&Lt 68’5 " 1% 91k 91Y% 99 98% 9R% 100% 100 100 2 95 95 95 98% 98% 98% b1% B11% 51% 93% 93 98y 100 100 100 101% 101% 101% 100% 100% 100% 98% 98 oAy 87 86% 87 lo;% 101% 101% 102% 102% 102% 8% 78 T8 100% 100% 100% 100% 100% 100% 100% 100% 100% 110 109% 109% 98% 981 98 95% 923% 95% 101% 101% 101% 9% 9% T9% 9% 9% 9% 98% 9R% 98 107% 107 107 ki 107% 107% 107% 101% 101% 1013 1024 102% 102% 85% 85% 85% 934U 926 934 126% 125% 125% 105% 106% 105% 56 55% b5l 67 65 65 14 14 14 78% 734 734 89% 88% 88% 68% 68 68 931 92% 92% 91 91 91 98% 98% 98% 113% 113% 113% Montreal Tr 5sB'S5 . NYT&MEY%s - Nor Pac 4%s 2027, . Nor Pacific ref 6 Ogden&Lake Ch 4 81 81 81 Ore Short L 6s gtd. 106% 105% 105“ Ore Wash 1st ¢s 911 k0 u l 96% 95% 96 99% 99% 99 100% 100% 100% 1084 108 1084 104 103% 104 9% TR 9N 108% 108% 1081 100% 100 100 100 99% 99% 924 92% 924 84% @ OBANCIDE~ AAN RNBSNORBERBG | BUILDING OCCURS Census Figures Beveal Con. struction Work Is More Ac- tive in Outlying Areas. BY J. C. ROYLE. Oonstruction, especially in the line of bullding of homes, is showing & marked increase in the suburban districts, & compared with city blocks. This is in, dicated plainly in the figures so fay available from the Bureau of Census, These figures present a rather dim. cult problem for analysis, because of the fact that In many instances the suburbs lie within the city limits of thy incorporated town. However, Dr. Leor Truesdell, chief of the population cen. sus, declares the trend to the suburhy Is unmistakable. He is unable to sa whether this is a result of a movemen‘ from the more congested city districts Zr Whether it represents new popula. Enumerators’ Claims. Many of the census enumeratory maintain there is no distinct movemen| ™ away from the city proper. The this on the increased number ofy lm apartment houses being built throughy out the urban districts and the in, creased number of people who lfs l.hLK type of dwelling. 'I%!y admit, V;D¢l. ever, that more people now want to own their own homes, and it is this clast :l";‘c":h has buflt up the suburban dis. g the la er cities, aj r appeara: utgon:’!?cmtnu lnd have rented W",l! ousing authorities believe that small part of this trend is due to tg: growing desire of the American family to enjoy ou amusements. Whery once a !unl.ly was content to picnic in a city park, large number elywun.u-{po”nozoumn“ with the plcnle merelg‘-n inmdenm Municipal golf ve proved to. tally Inldequlu for the growing army :ern:flf:r:u":‘he ;:‘me App] to publu public swimming beac! and other forms of outdoor An‘uumel::: le are now seel 10 e ey king these diversions Retail Trade. Retail trade has “followed the flag." In many suburban districts adjoining large cities the big department store merchants have established branches o1 warehouses and loading stations, by means of which deliveries are made in the suburbs as promptly as in city streets, This has involved a tremendous in: crease in wire communication, since nq small pln of the business of the parent stores is transacted by telephone with these branch stores and warehouses. The trend is shown preliminary figures in a number of cities. For ex. ample, Cleveland showed a gain of 12 per cent in the present census as pared with 1920, but some of the sub- urbs showed an increase of as high as 228 per cent. In the same way the eigh{ cities grouped around San Francisca g-y lh({wh:: .n::rm r:pofilm of ine ease arent ¢ Francisco. ¥ il (Copyright,” 1930.) Baltimore Markets Special Dispatch to The Star. % buahel 1.00a1.: 15. sweet pov.n 2.50a4.50; yams, barrel, 3 .0084.00; paragus, dozen, 75a3.00; beets, 100, 5.00a6.00; beans, ham) T, 1.00a2.00; cabbag hamj 1.00a1.25; celery, b\lnhel 2.008 2.2 cucumbe per, 1.50a: 15. kale, bushel, 35a50; umm, hamper, 50 a125; lima ns, bushel, 6.00a 50' onions, 150 pounds, 90a1.0 100, 75!125. eom, ples, bushel, box, ZMIGN' ora; n‘u 19.50; " pineapples, crate, LBOM.OO, ltnwbemel. quart, 12%%a15. Dairy Market. Poultry, alive—Chickens, 8; pound, !0-40. Leghorns, IBIDII .m roosters, 14a17; old hens, 26a27; ltg- horns, '15a20; ' Spring _ducks, 24a2 gmu fowls, each, 50a75; plcenns. pll.r, 228, Eggs—Receipts, 2,511 cases; nearby g’rgu.z?‘ll/,-:x ; hennery whites, firsts, 128! Butter—Good to fancy creamery, pound, 33); a351%; ladles, 24a25; ro“& 24a25; process, 20a30; store packed, 20, Hay and Grain Prices. ‘Wheat—No. 2 red Winter, export, 1.053%; No. 2 Winter, garlicky, 1.0813; May, 1.06%; No. 3, garlicky, quotations. Corn—No. 2 domestic, yellow, new, 94a95; cob corn, new, 4.75a4.80. Oats—No. 2 white, domestic, spot, g;:gg'/z. No. 3 white, domestic, spot, Rye—Nurby, 75a80. ay—Recelpts, none. The hu market continues quiet under luht Teceipts, mostly by trucks, but ample for the demand, which is lil‘nlmd While not enough hay is arriving o® which to establish vuuu by grades or carload lots, the better grades of ti othy and clover mixed are in fair de- mnd at a range of 20.00 to 25.00 per Straw—No. 1 wheat, per ton, 9.00a 10.00; No. 1 oat, per ton, .00!1000 Live Stock Market. cnmo—lucelpu, 75 head; light sup- w'un—ec ‘ime, ice to pri none i good to choice, 11.( oo-u 50’ medium “ to good, ll,?.!l:llwofl!‘f:lr.h;ul:l’e%um, 9.75210.50; pllln 775;'0 A ice to e, none; good to chniee. none; medium to 8.50; fair to medlum. 1,25.:“” e to fair, 6.50a7.25; 340000060 4 ws—Choice to prime R '.an:holee. none; m«fl %o good, ue:drriml, none; 10.00; fair to medlum, l(w-fl:i;l plain :ow:lir 7.00a8.00; common to pl-in Seaboard AL ref GI.‘II Seaboard AL en 6s. SBAllFla A Sou Pao g% rets. . Sou Pac 43569 ww loll R'] S%s. ‘Term Asso SL 4 ‘Tex Ark F'S 6% Tex & Pac 5s B 7 Tex & PacbsC " Third Ave ref 45’60 Third Ave ad) b Tol StL & W 4s Union Pac 1st Un Pag 1st ref Union Pac 4%s. (