Evening Star Newspaper, June 2, 1930, Page 15

FINANCIAL. L CURB ISSUES DULL [ NEW YORK CURB INDRAGGY TRADING Price Changes Few in Ir- regular Market—O0ils Well Supported. 4 BY JOHN A. CRONE. 8oecia] Dispatch 0 The Star. ¢ NEW YORK, June 2.—Dullness and -drregularity marked trading on the . Curb Exchange today. Scattered through *;the list were a few price changes wide ““enough to put stocks to new highs or ~lows for the year, but the great ma- Jority of changes were fractional. ‘Traders on anticipation of Electric Bond & Share’s earning report, to be made public early Tuesday, bid it up, Jonly to let it drop below its opening around midday. Cities Service was under slight pressure and its rights likewise eased. The early break in grain prices was mirrored in the de- cline of Deere & Co. new comimon. Further crude oil output cuts brought me bl in the petroleum list. Ohio JOU ‘reached & mew high for the year Zat 75. Vacuwm lacked the buoyancy ..that characterized it in Thursday’s ses- n. ‘_’h&lxm industries rose fractionally in response to its esrning statement, which showed’ an appreciation of $5,713,158 In its securities since the first of the year, the year's prigr pre- _ferred almost edtned in five months, and a further retirement of units through open market purchases. Goldman Sachs coatinued to run into some sizeable offerings in the first two hours of trading. United States & Overseas fell 13, points on . the first few E. W. Bliss was unchanged despite the award of s Government claim. .«Detroit Aircraft, mentioned as one of the companies that may be acquired General Aviation, formerly Fokker Aircraft of America, was fractionally her. #w4 United Gas preferred reached a new high for the year, in sharp contrast ‘with most other natural gas shares, which were either dull or soft. Lone Star Gas new at one time was down more than 3 points, . BONDS ON THE CURB - MARKET. : o LS EEEasrranssiges: WOEEAE 282 a0 st 2 . B EiESE‘% Y g;{_&:: b s 3 000C0C0000Q0! it BB milinslille . o e easids i 1 Pa 2 t Util 55 A ver Rubber’ 5328’ 6148 "43 G 6s BRI w0, Q00! FE B T RN . ST » 18 Mas 33 Memphis N G 6s Memphis NG 6s - £ < S rauntt yrEzaE gagsas oL 22 o oo et ary HéSwms BanseSuusesassonSorane i & E:q 2 sona ey peseren zzgggs:ng'.ne 0215 102 413 a4 92 = FOREIGN BONDS. 10 Asr Mtg Bank s '46 873 3Beilin Cy E 65 '35 wi 9013 2 Bogota Mts Bk 7s 47 83 = B Buenos Aires 618 ‘81 9274 Buen Alr 8%s ‘61 wi 917 81f 1145, '47. 101 98 u 2 Low, Dividend Rate. 83% Addressograph (13%) 1% Aeronautic Ind war.. 37% Am Cit PAL(A)(a3) 14 AmCP&L(B)(10%) 234 Am Com P(A) b10%. 67% Am Lt&Trae (n) 52 Am Machine & Fdr: 1% Am Maricabo. 28% Am Superpwr (1). 94% A.n Super 18t pf (6. 10% Am U&Gen B vte 40¢ 2% Am Yvette (n) wd... 9% Anchor PF (b10%). 15% Anglo Chil Nitrate. 10% Appalachian Gas.... 7% Ark N G ou p£(60¢) «e 8% Arkansas Nat Gas. 8% Ark Nat Gas (A) 102 Ark P &Lt pf (7) 63 ArmstrongCork t3% 1% Asso Dyeing & Ptg.. 5% Asso Elec Ind (30¢). 41% Asso Gas & Elec....» 85% AsS0 G&E (A) 13.40. 6% Asso G&E (A) dbrts 1 Asso Laundri .ol 16 Atl Coast Fish(1.40) % AtlanticFruit & Sug. 12% Atlas Utll Corp..... 6% Auto Music A(11.05) 9l Auto Vot Ma ev pf pt 24% Aviation Corp of Am 86 Axton-F Tob A (3.20 2% Bahia Corp...... 20 BlsaCo (B W) ( 6% Blue Ridge COrp. ... 83% Blue Ridge cv pf(as3) 35% Braszil Trac 8% Bwana M Kubwa.... 8 Cable Radio T v.it.e..n 1 Cable&Wire (B) rots 8% Canada Marconi.... % Carib Syndicate. 264 Carnation Co (31%). 20 Celanese Corp...... 79% Celanese Corpf(7). 80 Cent Hud G&E n(80e 33% Cent P 8 (A) (al.76) 19 Cent States Elec 3400 4% Centrifug Pipe(60e). 2% Chain Stores Dev.... 22% Charis Corp (13).... 19% Chat Ph Al n-v(50¢)« 19% Chem Nat Asso n-v. 1z% Chicago Corp (The)., 16% 16% 264 Cities Service(33uc) l'll; Colon Ofl. . Colts Pat Fire A (2). Col Oil & Gas v.t.e... 4 Colum Pic v.t.c. $1%. Com'with Edison(8) . Com'with & Sou war. Comm Wat Serv b§% Comstock Tunnel Capsol Auto Merch. Con Gas, Balto(3.60) Consol Instrument. . Consol Laundries. ... Con Retall 8trs (1) Consol Royal (60c).. Contl G&EL pr pf(7). Contl Ofl of Mexico. . Cooper Bessemer). Prod.loe A PP -vonsns Corp Sec, Chi (b6% )+ Creole Petroleum Crocker Wheele: % Crown Cent Petrol. 45% 34 Cueno Press(2%)... 4% 1% Curtiss Wright war. 12% 7% Darby Petrolm (1).. 8n 3 DaylonAirs PI- 162% 113 Deere & Co (11.20).. 8% 2% De Forest Radlo. Bales— Add 00. Open. High. Low. MARKET —Prev 1930.~ Stock and Low. CrS T ST 12 21 108% 108% 12% 12% 3% 1 404 134 8% L T PN =P Se - 11w 108 3 it 264 224 32 156% " Nsror e o mRBSarm o % % ) L1 e EEET- T 508 21 W% 20 4% 664 1 108 2 1% 1 18 15 21 1 1 4% 1% 3% b 12 6% Perryman Elec. 4% Petrol Corp war % Philip Morris, Inc... 18% Philippe(L) B 11.80.. 9% Pilot Ra T(A)(1.20). 2 43% 44 43% 44 60s 320 320 310 310 2 5% 6% & 5 Z 16 164 16% 16% Y 1 % » i % Received by Private Wire Direct to The Star Office 24% 18 MacMarr Stores (1). Mangel Stores...... Map Mari; Cons Mfg 13% o Mid (1.20) Mavis Bottling. Mayflower Asso (32 Mead Johnson(t33% ) Memphis Nat Gas. .. Mer Cha & 8 (1.60).. Met & Min. Inc Midland St1 P 2d pf.. Midland Ut(b1% %) . Mid Sts Pet Mid Sts Pef e A Mid Wesn Sts Ut(1%. Mid Wat Util(b8%) . Mid W Ut cv pf xw 6. Miller & Sons (2). ... Min Corp of C (26¢).. Mo Kan P L (b10%). Miss KPL V.tC..... Miss Riv Fuel bd rts. Moody's 1 8 pt pt (3) Monroe Chem (1%).. Morison Elec(31)... Mountain&Gulf (8c). Mount Prod(1.60)... Natl Steel x-war(2).. Natl Stl Corp (war) . Niag Hud Pwr.A war 12 Niag Shars Md(40c), 27% Niles-Bement-P 13% 1% Nipissing (300)....u 26% Noranda Mines (3).. Northam W ev p£(3), No Am Aviat A war.. Ohio Copper. Ohio Oil (4) Pandem Ofl... Pantepec Oil 67 Nor Am L&P (b8%). 24 18% Nor&Sou Am Corp A. 18844 168 Nor Sta Pwr A(8)... 95% North 8t Pwr pf(6 81% 21% N W Engineer (2)... 84% 22% Novadel Angene (2).. 108 Ohio Oil pf new (6).. 84 Ollstocks, Litd A 3506 3% Outboard Motor (B). 2;% 264 Pac G&El1stpf1%. Y ) Param’t Cab(b8%).. 33% Parke Davis(11.45).. Pennroad Corp. Polymet M{g (31)... 76 Power Corp, Can (1). 3% Premier Gold (24¢).. 16% Pressed Met of Am.. 3% Prince & Whitely 1.. 85% Prince & Whit pf(3). 8% Propper McCallum... Prudential Invest. .. 17% Pub Utll Hold w w.. Pug SAP &L pt (6) Radio Products1.... 7 Rallroad Sh Cp(26¢c). 14 1 15 1 54 1 1w 114 1% 22 10% 10% 10 {1 26% 20% 264 BE Y A T 1 26w 26% 26% o W W ST 46% 484 4% 2 2% 2% 2w 1 9% 9% 8% 1 6% 6% 6% 11 126 127 128% 21 5% 5% 6% 8 78 1§ 2% 14 26 1% 147 210 % 34 110 Relter-F Relian 8% Rainbow Lu Prod B.. 9 Red Bank. . 1% Rossia Inu Corp. 120% Safety Car H&L (8). Safeway 8 (war 2d). & St Antnony Goid. ... 195 St Regis Paper (1).. 12 110 106 St Regis Pap pf (7). 100s 16% 10 Salt Creek Prod (2).. 258 308 3 2% Schulte Un 6c-31 St.. Bl | 12 4% A% Cesy 1 98 93 93 5 6 & % y 508 190% 180% 190 134 Eisler Belectrie(1%) 117% 80% Bi Bond & 8h (b6).. 109% 103% EI Bond & Sh pf (6). 39% 24% Elec Pwr Asso (1).. 22% Pwr Ass0 A (1) 28% Elen Pwr & L op war 99% ElP&L 3d pf(A)(T). 16% Eleo Shareholdg(31) 13% Empire Fire Ins. ..., 19% Emp®Pub Sv A(1.80) 22% Employ Relna(1%). 17 Europ EL Ltd A(60¢) 6 Kuro Eiec debrts, .. 2% Evans Wallow Lead. 2 Fabrics Fininshing. 3 Fairchild Aviation 48 Fajardo Sugar...... 16 Fanny Farmer C (1). 13% Foiker Atrcraft.... 28 Ford Mot, Can A {13% 86 Ford Mot.Can, B 11142008 6% Ford Mot,France 28c. 10% Ford Mor,Ld. 37 je. 4 Foremost Dairy Pr.. 12% Foremost D P pf 1.60 24 Fox Theater Cl (A). 20 Garlock Pkg (1.20).. 2% General Baking..... 10% Gen E, Ltd rcta(50c) 21 Gen Empire Corp. .. 80 Gen G&Ecv pf B(S). 20 Gen W W&E(A) (2), 98 Glen Alden Coal 8... 11% Glotn Underwriters. # Gold Cotu. 3 Golden Cente % Goldfield Consol, 46% 30k Goldman Bache(bé). 6 2w Gold Seal Eleo new.. 122 1154 Gr A &P Tea pf (7).. 288 160 Great Lake D&D 110. 14% 11% Groo Stores Prod vte 49 36% Guard Fire Asso(3). 166% 1814 Guif Ollof Pa(1%).. 8% 2% Handley Pag pt t18e % Hap; Candy, Hygrade Food Prod Imp Ol Can, n(50e) . Ind Pipe L. n (%2%). ind Terr 11lu 011 tA) nd Terr I11u O1) +B) Ind #in ctfs(b10%). Indus Fin cv pf (7) Insurance Sec(1.40). Intercoast Trade (1) Intercontinent Petn. Intl Petroleum (1).. Internat Products. 41 16 16w 16% 36 4 4 3% 1 1% 1% 1% 4 39 30y 38k 344 108% 108% '106% 8 108 108 107% 1°8 35 @85 7 81% 81% 31 28 % 72 0% 26% 25% 2 H4% #4% B4% B51% bB4% b51% 6 12% 12% 12w 14 17% 17T% 17% T 5 5 1 12% 12% 12% 7 18% 13% 12% 9 26% 28 25% 10 3 3 2% 10 12 12 1% 2 26% 264 25% 1 86w €54 85% 48 x9% 20% 295 4 100 100 100 2ide 1z UM 20 k3 & k3 g A% 4% 4 o kW 46 32w 324 313 1 8% a8y 408 119% 119% 11934 208 289 200 289 114 14 14 1 408 40% 40% b 160% 160% 150 86% b1 6% 4% 16% 14 15 8% b% 3% 43 24 2% % B7% 44% 4T 38% 10% 6 18% 4% 4 9 68% 40 26 28% 22% 12w 25 1™% 1 44 82 0% 14% 8% bW 44 27 3 35% 12 +36 5 u5 68% 19 Selected Industries.; Sentry Safety Cont.. Snenandoab Corp.... Sheaan Corv pt (ad). South Penn O11(f2% Sou Natural Gas. Southland Koy ¢ 8 W.Gas Utill Standard Mot Stand OiL, ind (2%) Stand Oil, KY (11.80 Stand Oll, Neb.(13% Stand Oil, Ohlo(2¥%). St Oll, Ohto pf (7)... Stand Pwré& Lt (2).. 8td Pwr& Lt pf (7). Stand Pub Serv (A).. Superieater (13%). Swift & Conew (2).. Bwift Internatit2iy) Syrac Wash M B (1) Taggart Corp (1)... Technicolor, Inc. ... ‘Teck Hughes (600) . Tennessee Prod..... Texon Oil&Land 25¢. ‘Thatcher Sec Corp. . ‘Tobacco & All Stks. ., Tobacco Pr Exports. Todd Shipyard (4).. ‘Transamer (31.60).. Tran Con Air Tran. . Trans Lux DL P 8. . Tri-Cont Corp (war) Tri Utllities(21.20) .. Trunz Pork 8 (1.60) s Tubsize Chatel (B Ulen&Co.... Union Tobaceo. United Chem pt (3) United Coip (war).. Unitt Dry | ‘Docks. Utd Founders(b3.38) United Gas Co. United Gas Co (new) United Gas (war) United Gas pt (1) 20% United Gas Corp etfs U S Radlator ctfs(2) Utd Verds Ext (4 Universal Pletul Utility Pwr&Lt Udlity & Ina... Utll & Ind pf (1%). Utility Equities. . Vacuum Ol (14%). Van Camp Packing. Van Camp Pkg pf. Venezuela Petrolm. ., Vick Financial Cogpe. Hish. . Dividend Rate. = Add 00. T12% 107% Long Isld Lt pf (7).. 10s 11. 5 3 Louisiana Lan & Ex. 4 Low. Close. 111% 111% 8 % VEGETABLE PRICES SHOW SHARP-DROP ] Fruit Values Also Decline in 3| of Last Week, Says U. S. Survey. Material declines were reported in prices. of many of the more important lines of fruits and vegetables toward the first of June, says the United States Department of Agriculture, Bureau Agricultural: Economics, Market News Service, Included on this list of lower- riced vegetables were tomatoes, cab- , potatoes and cucumbers. Canta- loupes were also lower, but berry prices held firm. First shipments of peaches were reported during the third week of May and toward the end of the month the Florida watermelon movement was becoming active. Recent rains improved the condition potatoes and truck crops in a num- ber of im t shipping areas, par- ticularly in the East. The growing tato crop on the Eastern Shore of Vir- ginia and Maryland benefited to the extent that growers were encouraged about the prospects for their plantings. First 4 from Northamp-, ., Were expected to roll . South Carolina was center of shipment activity in late May, and until the crop on the Eastern Shore is ready for market the Carolinas will be forwarding the bulk of the East- ern potato supply. New Stock Shipments. Shipments of new stock were a little % | more than double those of old potatoes and averaged around 55 cars daily in late May. South Carolina cobblers sold in Eastern terminal markets at $4.50 to $5_per barrel, ‘There was very little life to the old potato market, especially at Eastern and Northeastern shipping points. In Northern Maine prices dropped from near §2 per 100 pounds to & range of $1.55 to $1.60 during the closing week of May. Inquiry was limited even after this e. In city markets, however, there was no geéneral decline on Maine potato prices. One or two cities re- 3% | ported losses of 5 to 10 cents, but, as rule, sales held fairly steady around the range of $2.20 to $2.90 per 100 pounds. Canadian potatoes were still prominent on the New York and Boston markets, &% selling at $3 to $3.25 for 90-pound 2% 27%, 1% 1% % 2% 6% 63 34 12% 28 87 7% b% 1 19 9% 13% 8 9% 8% 14% 20 i 26% 21 9 134% 134% 130 130 * & 804 30% 109% 110 12% 12% % 8 134% 130 & 80% 110 12% % W 91K 914 118% 118% i3 13 104% 104% % 143 14% 18% 265% 4% 16% 22 1 11% 20 sacks. Some sales of potatoes from New York brought $2.65 per 100 pounds in Elevehland and $2.20 to $2.30 in Pitts- urgh. Strawberry production in the late group of States is indicated in a re- cent report about 3 per cent less than in 1929, due to a reduction in acreage and to slightly lower yields. A crop of 74,558,000 quarts of berries is estimated Cxpects § 638,000 quatts wad Bemsoion: 658, uarts and Pennsylva- ;flt.e 5,55'1‘2.000. T B af tes *now furnishes a compl indication of this year's commegcel:!l 4 | production of strawberries in the United States. Although subject to changes which may be brought about by un- usual weather conditions in States where the crop still remains to be har- vested, the reports to date show that the picking acreage is 12 per cent less than in 1929, yields per acre running :nba;:’ 6 rgsr c('s;nz lg:/e{ and total esti- ated production about 17 per cent be- lw_n:hat ’o! 1929. e e e volume of strawberry shipments from the Eastern Shore Pfinlnllgl WaS running far behind the total movement to late May a year ago. While this de- crease was due partly to deceased acre- age and lower yields per acre, the sea- son was also about 10 days to two weeks later than last year. Local from Delaware growers are that they expect their berry shipments this year will be only 50 to 60 per cent as large as in 1939. Heaviest shipments in late May were coming from Missouri, Eastern Shore Prices. Prices were firm on the Eastern Shore toward early June, with a general range of $3 to 86 per crate cash to growers. City prices were generally firm, but poor quality berries tended to depress the market in some cities. Varlous varieties of berries sold at a general range in terminal markets of 10 to 20 cents, quart basis. A few prices of New Jersey and Penn- sylvania spinach were reported in the East, mostly around 25 to 60 cents a bushel. Some New Jersey sweet toes are still being shipped and sold as high as $250 to $3 a bushel in New York City. Cabbage markets were gen- erally weaker in late Mav. Barrel crates from the Eastern Shore of Vir- ginia ranged $1.25 to $2.25 in the large Eastern cities. Washingf,on Produce| ‘Butter—One-pound prints, 37%,838; tub, 36a37. Eggs—Hennery, 22a23; ceipts, 21a22. Poultry, alive—Spring broilers, lflr: 38a40; small, 32a33; Leghorns, 28a30; fowls, 23a24; Leghorn fowls, 24a25; ducks, 15a18; geese, 15; capons, large, 35a37; small, 30a33. Dressed—Spring chickens, large, 45a48; small, 40a42; fowls, 27a28; capons, large, 40a42; small, 30a33. Meats, fresh killed—Beef, 20a23; veal, 20a22; lambs, 23a28; pork loins, 26a28; fresh hams, 24a25; fresh shoulders, 22; smoked hams, 27; smoked shoulders, 22; bacon, 27; lard, in packages, 13; in bulk, 12. Live stock — Calves, 8all; Spring lamb, 10all. Frui California, 7.00a lemons, watermelons, ; cantaloupes, jumbos, 3.00a4.00; nys, 3.00; flats, 1.75a2.00; pineapples, 3.00: lemons, 7.00a 3.50a4.5 grapefruit, Vegetables—Potatoes, new, old, 150-pound sacks, 3.50a4.00; peas, 4,00; lima beans, 6.00; heets, 5.00 per 100 bunches; carrots, 4.50 per 100 bunches; spinach, 75; kale, 50275; corn, 2.75a3.00; lettuce, home grown, 1.00; ocabbage, home grown, ' 1.00; string beans, 2.00a2.50; asparagus, 2.50a3.00: cucumbers, 1.00a3.00; tomatoes, 1.80 82.50. b NEW YORK COTTON NEW YORK, June 2 (Special) —The cotton market felt the effect of favor- able weather the past few days, and heavier selling in both New York and New Orleans carried prices off a quar- ter of a cent today. July met support around 16 cents, and that month lost only 15 polnts, compared with as much as 28 points in new crop deliveries. Lowest prices of the day were reached in final deal- Spots were reduced 15 polnts current re- n. High. 608 1608 1 5.08 15.08 1484 1484 15.09, 18:00 1483 1483 information for the | b! PHE EVENING STAR, WASHINGTON, D. C., MONDAY, JUNE 2, 1930. FINANCIAL. WHEAT PRICES SHOW STRENGTH ~ AFTER RECENT MARKET SLUMP Bearish Factors Declared Exhausted, With Situation Awaiting Definite Indications for New Crop—Trading at Quiet Pace. BY FRANK I WELLER, Associated Press Farm Editor. Nervous after a month of alternating dips and rebounds, the wheat market tures are than they were in 1929 and that cash wheat is stronger than a month ago. Assuming that every bearish factor has been worked to the limit, the ques- tion arises whether the almost incon- ceivable s of the market indi- cates that prices have they will, or merely em) certainty of what the new harvest will bring. Cash Wheat Prices. Despite the fact that cash wheat usually continues down at this time of year, No. 2 hard at Kansas City rose from quotations of 98 cents to $1 & month aga to $1 and $1.01. Soft red Winter at St. Louls rose from $1.14a 115 to $1.15a1.17. The latter, however, finds some ex- lanation in the almost complete ex- g-u,suon of good milling supplies. Wet weather at harvest last year ruined much of the wheat after it had ma- tured and resulted in a yield }> per cent less than the estimated produc- tion. Neither are prospects for the new crop, as good as they were for year’ The weighted average price of wheat on six terminals is $1.02, as compared with $1.01 last year. It may not be truly representative of the situation, since Omaha was not included in the figure. Out near the producing area the Omaha market might have run suf- ficlently low to reduce the weighted average slightly, Such price summaries embrace numerous fac sabpiy 10 1935, heavier than the heavy supply 1 Estimates now show that Canadian commercial stocks total 164,000,000 bushels, whereas they were but 156,- 000,000 at this time last year, and United States stocks total 125,000,000, as compared to 103,000,000 The futures market, reaching the sea- son’s low point of $1 on May 5, crossed above the 1929 price line for the first time since February, when, on May 2 May futures were quoted at $1.07%, as compared with $1.057% May 22, 1929. July futures, at $1.07%, as against 997% cents for the same period last year, have taken cognizance of the May 1 crop report, which placed the condition of Witner wheat at 76 per cent of nor- mal, as with 83 per cent last be found in the possibility that traders ‘who sold July futures may be buying in the July market to protect their con- tratts. Since new wheat can be deliv- ered on July contracts, the futures mar- ket is setting higher prices for the 1930 crop than are being received for the old. Traders usually plan to meet July sales with cash wheat, and it is possible that some of them are buying 1929 stocks and planning to carry them for July delivery. Trading Not Active. Cash wheat, which likely will not fol- low futures until more of the present that the new crop has been seriously damaged, has been at a premium all along, chiefly because the quality the mills have b. taking has been above the contract grade taken on futures. Regardless of the surprising strength of prices, trading has not been active. The harvest still is too far away to risk judgment. All kinds of chances exist for something serious to happen to the crop, and it will not take much to turn prices one way or the other. The breaks, probably, are on the side ot the friends of higher prices. It would be rather hard to develop any new and unused berish influence unless excep- tionally favorable weather sets in. The indlcations are for an ;\;;rlnge. rath;r than a bumper, :op, and prices y are so low that only the slightest pull might start them up. e For conditions gradually have wnrkm the advantage of bullish in- terests. While wheat generally is fa- vorable, there has been too much rain in Italy and France. Germany has postponed until June 30 the compulsory provision that millers use 50 per cent native wheat in the manufacture o flour. The extraordinary tariff of 87%2 cents a bushel still stands, however. There has been a general pick-up in the foreign demand, starting when ex- ports from the United States to foreign consuming countries rose from 939,000 bushels during the first week of May to 082,000 bushels for the week ending May 17. CHICAGO STOCK MARKET. By the Associated Press. i Biijderte 0 Acme Steel . ‘Adams Mg 100 Addressograph i Ind 50 Ameri 2500 Am Radio 100 Am Service . Am Ut CHICAGO, June 2 () (United States Department of Agriculture) —Hogs— 66,000 head, including 38,000 direct: steady to 10 higher than Thursday, or steady with Thursday’s best prices; top, 10.50, paid for 130-200 pounds; active to shippers and small packers; butchers, medium to choice, 250-300 pounds, 9.75210.35; 200-250 pounds, 10.00a10.50; 160-200 pounds, 10.00a10.50; 130-160 pounds, 9.85a10.50; packing sows, 8.90a % | 9.65; pigs, medium to choice, 90-130 4 4% 14% 14% e 3T% 3Wa 2 3% 3 ain 8700 Chicago Corp 260 Chicage Inyestors pf. 200 ys Series 2. s, Series L] go_Yellow Bervice.. 1600 Cities Serv rts. 50 Club _ Aluminum 25 Comwith ~Edison. 1i t *Materials pounds, 9.25a10.25. slaughter classes, steers, good and choicey 1,300-1,600 pounds, 12.25814.25; 1,100-1,300 11,76814.00; 950~ 1,100 pounds; 11.50a14.00; common and medium, 850 poumhd\lp, 8.00212.50; fed yearlings, % 150-950 pounds, 11. choice, 850° an 13.50; heifs good and pounds down, 10.00212.00; common and mmdo:.w-m.zb; COWS, choice, 11.00813.00; medium, 9.00a11.00; 'z | cull and common, 6.5089.00; stocker and o 50 T 5900 Bleatsie Househy 150 Elec Researc 50 Gen 100 Gleaner reat Lks Afrcraft.. 38 Grea Lgm Dred a | improving. 00 JefTerson Katz Drus ... 108 Relont SSeh eysione : 20 ane Drug v 6000 Libby-McNell . 2050 Lincoln Printing 9200 2 400 Manhattan Det 50 Mapes Cons Mfg 50 Ma Field 100 Meadows Mfe B e T T ine Mohawk Rubber ' Monroe Chemical. 100 Nat Standard . 160 Natiomet " Wit 300 Natl Unjon Radio. oblitt vk Ami 800 Rellance 200 Rel Int 50 Rollins 300 50 Sheffleld _Steel 00 So Colo Pow A, West L & P b 4 Dreasing 2 i redging pf 400 Standard Pub Serv.. 16, Radio. 2 feeder steers, weights, 9.75a10.75; dium, 17.5029.75. Sheep—12,000 head; mostly steady: lambs, 13.00a13.50; yearlings, 10.25a 10.50; fat ewes, 5.50 down; lambs, good and_choice, 92 fo down, 12.75a 13.6! medium, 11.25a12.75; common, .00a11.25; ewes, medium to choice, 150 pounds down, 4.00a5.75; cull and common, 1.75a4.25. and choice, all common and me- Credit Conditions Improve. NEW YORK, June 2 (#).—The June bulletin of the National Association of Credit Men says that credit conditions| throughout the country are generally General collections are re- ported as slightly better than a month 2go, although the actual improvement is only about 1 per cent. » First National Stores. NEW YORK, Jun 2 (#)—First Na- tional Stores, Inc., reports net profit of $4,773,445 in the year ended March 29, equal to $5.3¢ a share on the common stock outstanding at the end of the period. » This compares with $3,904,884, or $4.06 a share, in the previous year. Employment Declines. NEW YORK, June 2 (#).—Employ- ment in 51 major plants, mostly auto- motive, during the week ended May 30 was 25,726, a decline of 420 from the previous week, and about 17,000 under the total on the same date in 1929. TREASURY CERTIFICATES. (teported by J. & W. Seligman & Co.) aturity Bid. 6, 1930 3 TEPart of the July futures strength may | S CHICAGO LIVE STOCK MARKET | G #%% A—15 BUILDING OUTLOOK DECLARED BRIGHT Compton Blames Pessimistic Psychology for Present Lack of Activity. By the Associated Press. Present-day depression in the build- ing industry, in the opinion of Wilson Compton, secretary and manager of the National Lumber Manufacturers’ Asso- cm.l\an. is the result of pessimistic psy- 0gy. Mr. Compton does not lack for argu- ments to support his contention. With the industry visibly improving, he de- clares there are many additional factors which lend optimistic support. “The shelter group is getting ready to build thousands of homes and to mod- ernize several million existing houses during the coming year,” he says. This he interprets to mean added business for the producers and distributors of food, clothing and luxuries, as well as for the construction group. Compton believes the overproduction that existed in the usi) field has stocks disappear or it becomes evident ) depressi has been resumed in a number of localities where for the last year it has been dor- mant. Drawing upon census figures, he declares the increasing population de- mands annually in the neighborhood of half a million new homes, while Gov- ernment statistics show there are up- ward of 12,000,000 houses in need of re- pair and remodeling. Continuing, he say: “Accepting the census average of four and four-tenths perscns making up the average American family and calculat- ing on the basis of a new increase of one person every 20 seconds and taking into " considegation the rate of deaths, emigration and immigration, it is seen that we have to provide accommoda- tions to house a million families each year, whether they be apartments or_homes. “Also, these people demand additional places of worship, of amusement, traf- fic and business accommodations, and 80 on down the line. Lumbermen have learned the drastic lesson of the last year. They have placed production under firmer control than ever before f [8nd have started after this business that they know is coming. SHORT-TERM SECURITIES. (Reported by J & W. Seligman & Co.) Allis-Chalmers Co, 5s 1937. American Tel. & Tel. Slas American Thread 5138 1538 altimore & Ohio 4f Batavian Pet. Corp. 3 . Corp. 55 1940. ... General 'l'hnlensml%uln s 1040 T. & R. 5s 1057. ... da 65 1036 22882232883 38238238:! S pEegntias FE o5 F FIIE SFE t. L., South: Swifi'& Co 5s 1932, Union 01l Co_ Calif. United Drug S8 19! TS Ribe: 56 Western Elect Wheeling Steel Col Wheeling Steel o, 3283 First Mortgage Loans Lowest Rates of Interest and Commission J. Fisher & Company, Inc. Thomas Business Investments JAMES Y, PENNEBAKER Nat.5291 1520K St. N.W. e ANNUITIES Cash Refund—JointeeDeferred Sena tor Information LEROY GOFF INSURANCE—ALL SRANCHES 1036 Woodward Blds. Nat. 0340 Fenner & Beane New Yotk New Orleans Members New York Stock Exchange and other principal exchanges Washington office: 1430 K Street N.W. Tel. National 4933 Guaranty First Mortgages Pay Hathaway Bakeries, Inc. Class A Stock No par value Company's plants serve growing territories in Massachusetts, Rhode Island, New York, Ohio and Wisconsin. Sales and earnings show steady increases. Price at the Market 63% A Good Conservative Investment! The only thing to invest in today is some good, sound, steady investment. Guaranty First Mortgages are just such an investment because they are secured on improved real estate and backed by opr $3,800.00 resources, In denor ‘ons as ’fi 199 187 107% s "3, 97 97 97 Intl Salt (new). 148 s 158 10015 10004 100% Intl Superpwr(31)..: %R ae H=H* Int] Utilities A(3%). '53 ww 85 85 Internat] Uil (B)... Intl Utilities pf(7).. Iintl Utilities (war) Interstate Equities.. Walker (H) (1), ‘Wayne Pump. . - Westn Atr Exp(800) ‘West Cont UtA(1.30) W January (old January are} Markets at a Glance NEW YORK, June 2 (#).—Stocks ir- regular; rallroads lose ground. Bonds steady; volume increases, but move narrowly. Curb steady;, Ohio Oil touches new high. Foreign exchange easy; South Americans very weak. Cot- ton lower; easy cables and favorable weather, Sugar steady; better spot de- mand. Coffee easy; an selling. CHICAGO, June 2 (#).—Wheat easy; rains_and lower Liverpool. To yield over 7%% Write for further details Spencer Trask & Co. 25 Broad Street, New York ALBANY BOSTON CHICAGO PROVIDENCE PHILADELPHIA NEWARK LONDON Members New York Stock Eschange Washington Correspondent Tow as $250 Stop in, or Send for Booklet, “The Success Plan” May Be Purchased ow Monthly Payments REALESTATE MORTGAGE & GUARANT CoRPORATION Capital Resources over $3,300,000 24 JACKSON PLACE B i R amoonulbuae o 9% italtan Ruperpw: AR I I A il o sm 68 B e 108%. 180%: 13% Klein(H)pt p£($120) T T o 8y 80 E Vs Kolster-BrvAmSh) 1 1 1 1 n P % g‘. o4 97 Koppers G&C pf(6). 50s 101% 101% 101% 101% 86% Lackawanna, N J... 2008 83 88 a3 8o 1t. -3 Lefcourt n.-un.:i) ::m 238 3 28 35% :g% iy 18% T T 1% Hackensack Wat. % Hud Bay M & 8. .July 16 IneCoofNA..,,.00t 1 83 83 14% 28 62 17 17% 18% 18% 485 %