Evening Star Newspaper, June 4, 1930, Page 14

FINANCIAL. SHARP GAINS SEEN INPOSTAL SAVINGS Postmaster General Would Raise Present Deposit Limit From $2,500 to $5,000. ANCIAL D. C, WEDNESDAY, JUNE 4, 1930. IBONDS ARE LOWER | Cox v vonx BONDS sroce excrr] INQUIET TRADING| Market Turns Irregular After New Utilities Issue Is Brought Out. THE EVENING STAR., WASHINGTON NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. <BANKERS' SPECIAL ¢ DEPARTS TONIGHT) Franklin National Elects Henry J. Sterzer as New Board Member. Sales. High. Low Close 3102 101% 101% 1 101% 100% 101% 1 1021 102% 102% 13 10215 101% 101% 5 83% 83 83 98% 9T% 25 25 106 106 114% 114 93% 93% 93% 100% 100 100 1064 106% 1064 UNITED STATES. (Sales are In $1.000. Sales. High. Low. Close. 9 10122 10122 10122 . 269 10214 1029 10213 Montana Pwr db §s 16 1088 1085 1088 Morris&Co 1st4 %s. 85 113 11218 118 Nat Dairy 83 FOREIGN. Radfator les. High. Stock and Sales— Prev. Dividend Rate. Add 00. High. 45 23% 11 118% 3 100% 1 gB 6 429 33 [ ! : ~Prev. 1930.~ ~{002u{ned From Page 13.) = Stand Branas (1%).. Stand G& E (3%) Stand Gas& El pf(6). Stand Invest Corp. Stand O of Cal (3%). Stand Oil of Kan (2) Stand Oil of N J(12). Stand Ofl N ¥ (1.60). Stagd Plate Glass. .. Starrett (LS) (13%) Sterling Sec (A).... Prev. Close. Close. 284 284 13 118 1224% 122% 1 1% 2 2 108 102% 114% 113% les— . High. Low. 2 284 284 112% 13 122% 122% 1 2 1% 2 108 114% 108 114% 289% 10% 119 NYNH&Hof (7 1% N Y State Rallway: 2 NY State Rwys pf 100 N Y Steam pf (6).... 508 110 N Y Steam 1st pf (7) 40s 226 Norf & Western (10) 1 9% North Am Aviation.. 40 7% 25 106 114% % 8. 289% 10% BY EDWARD C. STONE. ¢ ‘Two special Pullman trains will leave *the Union Station at 6 o'clock this eve- “ning with the largest delegation of local ""bankers and their guests who have ever "attended an annual convention of the “ District Bankers’ Association, their destination this year being the famous ,.Grove Park Inn at Asheville, N. C. %" The Washington contingent will ar- rive at Asheville at 7 o'clock Thursday .- morning, have breakfast, and repair to the convention hall for the opening of .the twelfth annual conclave at 9:30. “Thursday, Friday and Saturday morn- .ings will be given over to the busineéss Zsession and the afternoons and evenings to sports and other forms of enter- .- tainment. ‘The guest speaker on the opening day “*will be John W. Pole, controller of the currency. Controller Pole will discuss branch banking, one of the most vital dssues in finance now before the coun- try. His views will be of great im- portance, as they nl!urlllfl‘wlll reflect to . ‘@ certain degree the opinion of Secre- tary Mellon and other high Treasury Jofficials. Important association reports to be ‘presented on the opening day will cover the work of the auditors’ section, safe deposit section and fiduciaries section. The annual meetings of the national bank, savings bank, State bank and trust company divisions of the Ameri- can Banke.s' Association will also take “place late Thursday morning. Other Features on Program. The second day’s program will include tnpecinl addresses, one by Robert V. eming and the other by Oscar Wells the report of A. E. Henze, re- president of Washington Chapter, can Institute of Banking. - and tiring % Ameri d 8 accorded honorable men- :Inonwtmmrudbyth.luthor. Saturday will see the wind-up of the snnual reports and the climax of the convention—the election of officers, also election of vice presidents of the various divisions of the American Bankers' As- sociation for the District. The sports start on Thursday after- noon with the golf contest for the “Pop Fleming Cup.” The Hibbs Cup contest is set for Friday, also the McLean Cup top-spinning _contest, tennis prelim- inaries and barnyard golf, otherwise known as the horseshoe pitching tournament. The Shannon, McLachlen and Hatton Cups are other trophies —40 be competed for during the con- _vention. A host of other events have « been planned specially for the ladies : and every moment is sure to be oc- . cupled, the family dinner being the official wind-up, the party start! for home Sunday at 6 pm. and arriving Rere early Monday morning. Franklin Elects New Director. He J. Sterszer, 1410 Ingraham mee{wl?nrth'est. has just been elected 4 member of the board of directors of the Franklin National Bank. He is a native of Washington and is one of the younger business men of the city, ‘being about 40 years old. 'Mr. Sterzer began his active business carccr 8 number of years ago as a fnember of the Automotive Accessories Co., which led to an association with E. Galliher, the late Willam T. lliher and Allan E. pal owner of the American Accessories and Florida Auto Supply companies, ‘which properties were lately sposed of to the Shell Corporation. Mr. Sterzer has for several years spent the Winter in Florida. He is an ardent lover of the outdoors. He is a member of the Corinthian Yacht Club and is very active in boating activities « and can be seen almost any day during “the Summer in a boat some place on the Potomac. - New Baking Plant Opened. General Baking Co. this week put in . operation its new $1,000,000 plant in ‘Washington, replacing its former plant that was purchased by the Government .. to provide amce for erection of new 1. Federal buildings near the Capitol. The company also has just completed re- ‘buil and re-equipping its Louisville, Ky., plant which it acquired a little over & year ago. The Washington plant has a ca- pacity of 4,000 loaves of bread an hour, or twice that of the plant replaced. It is regarded by officials of the com- ! pany as one of the best equipped of its l{l'em of 50 plants, and has a “traveling oven and cooling equipment ‘with provision for doubling present fa- cilities when needed. Institute Editors Named. Frank M. Perley, American Security » & Trust Co., newly elected president of Washington Chapter, American In- stitute of Banking, yesterday made (his first appointments, those of the ,editorial staff of the year book of = rs_and Sense,” quarterly publi- cation of the chapter. They are the following: Editor in chief, Raymond D. Lewls, American Security & Trust Co.; associate edi- tors, Willard Barker, Morris Plan Bank; Miss Mabel V. Royce, Washing- ton Loan & Trust .; William G. Winstead, National Metropolitan Bank; J. Fred English, Commercial National Bank; business manager, Robert E. Lee, Lincoln National Bank; assistant busi- ness managers, Georges Dagenals, Riggs National Bank, and Earle G. McGeary, W. B. Hibbs & Co.; circulation manager, iG. Harry Morris, Riggs National Bank. Readjustment Declared Near End. . The country is now in the Ilatter _phase of the readjustment of produc- tion to consumption, of the readjust- ment of real estate prices to values and of the readjustment of stock prices !to earning power, West & Co. say in the current issue of their Fortnightly Financial Review. “The crashes have ‘occurrred, the wreckage is largely swept ®way, inventory losses have been writ- ten off and the air is clear. The Hgoundations have been laid for a period ‘of recuperation.” Broker Order From Zeppelin. ‘The ticker carried a note this morning stating that an order to buy ‘stock in Wall Street had been received from a passenger on the Graf Zeppelin mow over the ocean on the way to Saville, The order was sent by S. L. Prince nd was received at the radio station at Chatham, Mass., and forwarded to the office of G. M. P. Murphy & Co. in New ‘York. The ticker did not state in what stock Prince had decided to invest or | trade, as the case may be. Orders are being received constantly | g . from the big transatlantic liners for the purchase of stock, but this is one of the first, if not the first, to be sent out from a Zeppelin over midocean. Active on Exchange, ‘Trading was unusually active on the Avashington Stock Exchange today. . ,There was a turnover of 79 shares of ‘Washington Raullway & Electric pre- ! derred, in five transactions, all made at 985, During the day 172 shares of Capital Traction stock were sold, all but 2 “rmhares changing hands at 65. The last *# shares moved at 65 + Federal-American Co. common sold !/ to the extent of 100 shares at 32, while 93% North Am(b10%stk) 112 51 North Amerpf (3)... 3 100% North Am Ed pf (6). 1 45 No Ger Lloyd (3.43). 1 78 Northern Pacifie (6). 1 77% North Pacificet (5). 2 42 Northwstn Tel (3).. 20s % Norwalk Tire & Rub 1 86 Ofl Well Sup pf (7)..300s 13% Oliver Farm Equip.. 27 70 OUVFrEQPfA(6).. 2 31% Ollv Fr Eqevpt(3).. 1 2% Omnibus Corp...... 3 63 Orpheum Cir pf (8). lfli]: 38% 29% Otis Steel (33). 60% 50 Owens,Ill Glass(n4). 74% 524 Pacific Gas & E (2). 101% 72 Pacific Lighting (3 30 21 Pacifio Mills 116% Pacific Tel & 28% 16% Packard Motor 1) 641 51% Pan-Am Petrolm. 67% 50} Pan-Am Petm (B)... 12% 4% Panhand 80 47% Panhandle P& Rpf. 7% 48% Param’'nt Publix (¢). 155 4% 244 Park Utan. 264 , 124 Yarmelee Trans 13. 9 °72% Pathe Exchange..... 19% 5 Pathe Exchange (A). 82% 18% Patino Mines. 14 6% Peerless Motor Car.. 55% 26 Penick & Ford (1). 63 Penney (4 C) (3) 6% Penn Dixis Cement ¥6% 724 Penna R R (4). 60 53 Peop Drug Strs(1). Peoples D S pf (6%4) . 325 230 People’s Gas, Chi (8) 1641 141% Pere Marquette (18). 99 .96 . P 1 Dodge (& 50% Phila Co 6% pf (3).. 11% Phila Read C& 1. 8% Philip Morris (1) 29% Phillips Petrm (n2).. 110 10% Phoenix Hoslery, 1 Pillsbury ¥lour (2) 86 Pittsburgh Coal pt... 17% Pittsbgh Screw 1.40. 981 Pitts Steel pt (7) 26 Poor & Co (B) (1). P Rican Am To (B) 97 Postal Tel & C pL(T. 45 Prairie Oll & Gas(2) 50% Prairie Pipe L (15) 52% Proc & Gamble (3). 6% Prod & Refine) 81l Pub Serv,NJ (3.40). 92% Pub Serv NJ pf (6).. 106% Pub Serv N J pf ¢ 143 Pub Serv NJ pf (8).. 107% Pub Serv B&G pL(6 74% Pullman Corp (4) 2 Punta Alegre Sugar.. 21% Pure Uil (1%). 110% Pure Ol pf (8). 66 Purity Bakeries ().~ & 34% Radio Corp. 68 Radio Corp (. 1 19 Radio-Keith-Orph A. 202 33 Raybestos Manz.60. 7 44% Reading 18t pf (2)... 43% Real Silk (6)... 31 Rels (Robt) & Co. 25% Rem Rand (1.60). 92 Rem-Rand 1st pf(7). 95 Rem-Rand 2d pf(8).. 10% Reo Motor Car (80c). 50% Republic Steel (4). 95 Republic Steel pt (6) 28% Reynolds Metis 4 Reynolds Sprinj Reynolds Tob B (3). 49% Royal Dutch (23.20). 122% 88 Safeway (ef).... 99% 4 Safeway pf (6). 109% 105% Safeway Strs pf (7). 40s 57% 40% St Joseph Lead (13). 4 118% 107% St L-San Fran (8)... 2 101 92 St L-San Fran pf (6) 31% 24% Savage Arms (2).... 75 1% Seneca Copper. 7% Servel. Ine... 17 Sharp & Dohme..... 54 Sharp& Dopt (3%).. 6% Shattuck(FG)(1134) 20% Shell Union (1.40)... 98% Shell Un Ot pf (63%) 22% Simms Petrm (1.60). 21% Sinclair Con Ofl (3).. 28% Skelly Ofl (2)...000e 95% Solvay Am pf(6%) 20% Sou Porto Sug (1.40) 112% So Port Ric 8 pf (8). 1008 56% SouthernCal B4 (2). 2 3% Sou Dairies (B) 1 127 116 Southern Pacific 136% 101% Southern Rwy (8). 97% Southern Rwy pf (5. 19% Spang-Chalfant..." 13% Sparks Withngtn(1). 6 Spear &co.. 20% Bpencer Kelg (1.60). 14 6 11 16 30s T 2 21% 125% 56 4 104% 513 80% 9% 46% U 8 St AM..ooonee b Plus 2% in stoc 5% in stock. st Penn El pf (6). 20 t Penn Kl pf (7).11 t Penn Pw pf(7). 80s Sterling See pf(1.20) Sterling Sec ov pf(3) Stewart-Warner (1). Stone & Webster (4). Sweets of Amer (1) Symington. . Symington (A). Tenn Cop & Ch (1).. Texas Corp (3). ‘Tex Gulf Sulphu xas P C & Ofl. xas Pac Land Tr.. ‘Thatcher Mfg (1.60). The Fair pf (7).... Thermotd Co (2). Third Avenu Thomp (J R) (3. Thompson Starrett. . Tide Water As (60c). Tide Water As pf (6) Tide Water Oil p£(5) 4 Tifaken Det Ax(80c). Timken Roller (3) ‘Tobacco Products. .. Tobacco Products A. Tob Prod div ctfs A. Transcontl Ol (30c) . Tri-Contl Corp...... Tri-Cntl Corp pf (6). Truax Traer (1.60).. Und-Ell-Fischer (6). Union Carbide (2.60) Union Faeific (10). .. Union Pacific pf (4). Union T'k Car (1 Utd Afreraft. . - Utd Afreraft pf (3).. Utd Biscuit (1.60).... Utd Carbon (2).. Utd Cigar Stores. Utd Cigar Strs p! Utd Corporation. United Corp pt ( Utd Fruft (4).c.eeee. Utd Gas & Imp(1.20) Utd Gas & Imp pf(5). Utd Pap Utd Stures (A) oard. Plpe& F (2).... Pipe & ¥ 18t 1.20, Realty (5) . Rubber. Rubb Smelt Ret (3 U S Steel (7) P Univ Pipe & Rad.... Util Pwr&Lt A (e2) Vadasco Sales Corp. Vadsco Sales pf (7). Vanadium Stl (14).. 216 Vick Chemical (2%). Va El & Pwr pt (7).. 30s Vulcan Det (4). Wabash......eues Wabash pf (A) (5) Waldort Systm(13%) Walworth Co (2).... Ward Baking (B). Ward Baking pf (7). Warner Bros Pio (4). 252 Warner-Quinlan (1). Warren Bros (3).... Warren Bros 1st (1). 108 Warren Fdy & P (2). 22 . 12 o1 s 11 5 5 2 85 6 15 4 1 s w Wextark Radio Strs. Wheeling & L E pf... White Rck MS(14%) White Sewing Mach.. Wileox Ol & G Wilcox & Rich Wilcox Rich,B etfs 3 Willys-Ove: Willys-Over pf (7. Wilson & Co (A) Woolworth (2.40).... Worth Pump. . Wrigley. (Wm) (4).. Yellow Truck. Yellow Truck pt Youngs Spring (3).. Zenith Radio. RIGHTS EXPIRE Am Tel & Tel.Aug 1 369 DuPont deN..July 15 84 Gamewell....July — Phillips Pet..June 16 415 Sales of Stocks on New York Exchange land. 1% 29, 1% 869,300 268,000 242 000 1,348,200 on the latest quarterly or ing less than 100 shares. ible in scrip. 1Plus 9% in b Payable in stock d Payable whi stock,, {Flus 10% . 3 Plus. y extra. iPlus 4% stock. a Paid last year— e ed. e Pa; in stock. g Pl in % 10 stock. 'k Plus % 1n steck” 8 Biti Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., June 4.—Potatoes, white, 100 pounds, 2.25a2.75; new, bar- rel, 2.75a5.50; sweet potatoes, barrel, 2.50a4.50; yams, barrel, 3.00a4.0 asparagus, dozen, 75a3.00; beans, ham- per, 125a2.00; cabbage, hamper, 758 1.00; carrots, 100, 5.00a6.00; celery, crate, 2.5024.00; kale, bushel, 30a50; lettuce, bushel, 25a75; lima beans, ham- per, 4.00a6.00; onions, 100, 1.00a1.25; peas, hamper, 1.00a3.00; peppers, crate, 200a3.50; radishes, 100, 1.00a3.00 spinach, bushel, 35a50; squash, ‘bushel, 1.25a2.00; tomatoes, crate, 1.25a3.00; apples, bushel, 1.25a3.50; cantaloupes, box, 1.25a3.75; grapefruit, box, 2.50a 6.00; oranges, box, 3.5029.50; pineapples, crate, 3.50a4.00; strawberries, quart, 8 to 20. Dairy Market. Poultry, alive—Chickens, springers. pound, 30a40; Leghorns, 20a30; old roosters, 14a16; old hens, 24a26; Leg- horns, 17a22; Spring ducks, 20a22; guinea fowls, each, 50a75; pigeons, pair, 25. eipts, 2,026 cases; nearby e a5 st henmary Whites, Arsts M putter—Good to fancy creamery, pound, 33a35: ladles, 24a325; rolls, 24a 25; process, 20a30; store packed, 19. Hay and Grain. Wheat—No. 2 red Winter, 1.07%; No. 2 Winter, garlicky, 1.08; July, 1.08; No. 3, garlicky, quotation. Corn—No. 2 domestic, yellow, new, 4a95; cob corn, new, 4.75. Oats—White, No. 2, 5213a53; No. 3, 523,853, Rye—Nearby, 75a80. Hay—Receipts, none; the general hay market continues quiet under light re- export, spot, no the demand, Wi not enough hay is arriving on which to establish values or carload Federal-American Natio) Riggs National at 497 and Metropolitan at 365%. | Mergenthaler Linotype sold ex-divi- at 285, National | Potomac Electric Power 6 per cent pre- | frrred registered 110% and the b per ) + i, 107, 1 ~~e nprominent in the dend at 100% and.100% and Chevy Chase Dairy preferred registered 108. * People’s | Drug preferred was added to the ex- today. Cias mr ‘vonds ‘were 1o fair - Ry evinte, closer mixed are in fair demand at a range of 20.00 to 25.00 per ton. Live Stock Market. Cattle—Receipts, 50 head; light sup- ply, market steady. Steers—Choice to prime, none; good to choice, 11.00 to 11.50; medium to good, 10.50 to 11.00; fair to plain, 9.75 to 10.50; plain to fair, 8.75 to 9.75; common to plain, 7.75 to 8.75. Bulls—Choice to prime, none; good to choice, none; medium to good, 8.00 to 8.50; fair to medium, 7.25 to 8.00; plain to fair, 6.50 to 7.25; common to plain, 6.00 to 6.50. Cows—Cholce to prime, none; good to choice, none; medium to good, 7.00 to 8.00; fair to medium, 6.50 to 7.00; plain to fair, 5.00 to 6.00; common to plain, 4.00 to 5.00. Heifers—Cholce to prime, none; good to choice, none; medium to good, 9.00 to 10.00; fair to medium, 8.00 to 9.00; plain to fair, 7.00 to 8.00; common to plain, 6.00 to 7.00. Fresh cows and springers, 50.00 to 150.00. Sheep and lambs—Receipts, 200 head; light supply, market steady; sheep, 2.00 to 6.00; Spring lambs, 9.00 to 12.75. Calves—Receipts, 75 head; light sup- ply, market steady; calves, 6.00 to 11.50. Steel Scrap Price Advanced. NEW YORK, June 4 (#).—The price of heavy melting steel scrap has ad- vanced 50 cents a ton at Pittsburgh, where large tonnages have been sold this week at $15 and $15.50 & ton. SHORT-TERM SECURITIES. (Reported. by J. & W. l'lllmlamfi ‘l:)“filr 102 Allis-Chalmers Co. 55 1937 1011 Tel, & Tel 5! 10702 10015 1001 9312 51933, .. Batayian Pet. Corp. 4!as 1943 57.... 10214 Bell Tel. of Canada 5s 1957 Calif. Pet. Corp 5%as 1938 or. Rwy: 4125 1035 0. 68 1 'acking Co 5zs i937.. 98 Gen. Mot, Accep. Corp. 6s 1937 General Pet Corp. 5s 1940. 10! Theater: ceipts, mostly b{uc";ui:"l but ample ro: Goody, by grades lots, the better grade of timothy and |N.'Y. ; : Sheli Union Sll Co. 55 1947 Sinclair Crude Oil Co 5'.s 1938 andard Oil N. J. 55 1046. i gl"lnfl d Oil N Y 4'as 1951 e 10417 t i3k | PARIS BOURSE PRICES. PARIS, June 4 (#).—Prices improved on the Bourse today. Three per cent rentes, 87 francs 90 centimes. Five per cent loan, 102 francs. Exchange on London, 123 francs 91 centimes. The dollar was quoted at 25 francs 501 centime REVENUE FREIGHT LOADINGS. By the Associated Press, Loading of revenue freight during the week ended May 24 showed a slight gain over the previous week, the Amer- ican Railway Association reports, but the present total is still below that ¥r}l; th':’t:(llrrfispgl"ldlnl ’period of 1929. e loadings for compar: periods follow: * ! ‘blt‘ Week ended May 24, 931472 cars; preceding week, 930,004 cars; same Wweek last year, 1,062,088 car: o NEW UTILITIES FIRM. NEW YORK, June 4 (#).—Field, Glore & Co., Bonbright & Co. and Electric Bond & Share Co. comprise the American group participating in the organization of a world-wide public utility investment and holding com- pany headed by Count Volpi, former | Iwlian finance minister, who will be ' chatrman of the company. The con- cern will be known as British & In- | ternaticnal Utilities, Ltd. The European Electric \.‘nrgorlt on, recently organized in Canada by American and European interests wii' be affiliated with the new holding compsuy. — Stock Increase Planned. NEW YORK, June 4 (#).—Directors of the United Carbon Co. will call a special meeting of stockholders within 30 days to vole on increasing the no par common stock from 400,000 to 800,000 shares to place the company in a position which will assure continu- ance of its growth in the natural gas industry. FOREIGN EXCHANGES. « tati furnished by W. B. b . Quotations furnighed bp o dalhing Sho% Value (or par): London, pound cene ‘l’(lb Paris, franc. Brussel: BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, June 4—Bonds had a weak tone today as a result of a mod- erate amount of switching consequent on the bringing out of 200,000 shares of Electric Bond & Share 5 per cent pre- ferred stock at 91%. After the first hour this influence be- came negligible, but volume had died away to such small proportions that the 1ist was still at a slightly lower range. xmu'éd grade rails were most widely af- ected. The Electric Bond & Share 5 per cent preferred issue was of significance from ‘two angles. First, it continues the pol- icy of the holding company of doing its financing through the medium of a senior stock issue instead of issuing long term debenture bonds, which is the pol- icy of its subsidiary compan: second feature is that of employing a 5 per cent preferred medium at a dis- count of !;,écrmmtl instead of using the rmer vehicle of the 6 per cent pre- ‘erred, which is now quoted around 108 and was recently within 3 of its call price of 110. The last issue of 6 per cent preferred sold on August 8, 1929, at 105. There are 850,000 shares outstand- ing. The new 5 per cent preferred, like the 6 per cent, is callable at 110, ‘The Street still hears many diverse reports in regard to the reparations bonds. It is now stated that the issue will be brought down on ‘Thursday, but there was no official confirmation. Paris cable advices indicate that the loan may be put out with an issue price set down around 86, but the Strwet is not inclined to place any reliance in that report. It is well known that ten- tative subscriptions to the loan at 91 are going well and that bond houses are mildly enthused over their preliminary successes. Foreign bonds were quieter today. South American loans gave a good ac- count of themselves, Uruguayan, Co- lombian and Peruvian issues retracing much of the ground lost in recent ses- slons. Japanese issues were firm. French and Italian credits remained apathetic. In the domestic section prime issues, such as Atchison general 4s, Frisco “A” 4s, Great Northern 7s, Philadelphia Co. 5s, Columbia Gas 5s and New York Telephone 415 dropped fractionally. Convertibles started lower, but regained the losses and made net advances on the day. Philadelphia & Reading Coal & Iron 6s were again the strong feature of the stock priyilege group. Washington Stock Exchange , SALES. Georgetown Gas 55—$2,000 .at 102Y. Potomac Electric 6s 1953—1,000 at 108 Washington Gas 6s “A”—$200 at 1013,. Potomac\ Electric 6% pfd.—19 at 11074, 10 at 110%, 2 at 110%. Potomac Electric 512% pfd.—2 at 107, ‘Washington Rallway & Electric pfd.— 20 at 98'5, 30 at 98'4, 20 at 98%, 5 at 9815, 4 at 98%;. District National Bank—2 at 215. Federal-American National Bank—10 at 285. Riggs National Bank—2 at 497. Nl’tégn'nl Metropolitan Bank—1 Chevy Chase Dairy pfd.—5 at 108. Federal-America Co. com.—10 at 32, 10 at 32, 30 at 32, 50 at 32. Mergenthaler Linotype—10 at 100%. AFTER CALL. Capital Traction Co.—10 at 65, 10 at 65, 10 at 65, 20 at 65, 50 at 65, 50 at 65, 20 at 65. Potomac Electric 6% pfd.—2 at 110% Union Trust Co.—1 at 2551 Mergenthaler—10 at 1003. ‘Washington Gas 6s “B"—$200 at 103%, $100 at 103%;. Capital Traction Co.—2 at 65. BONDS. Bid and Asked Prices. _PUBLIC UTILITY. Amer. Tel. & Tel Amer. Tel. & Telga. 4l4s '39. Am. Tel. & Tel. cti. tr. 53 nacostia & Pot. R. R. 5 Ana & Pot. guar at MISCELLANEO! Barber & Ross, Inc., 6la Cham.-Vanbit. ‘Hotel 6 Chevy Chase Club 5% D, C. Paper Mfs. 6s W. M. Cold Storage bs. Wash. Cons. Title 6s.. STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (d Wash. Rwy. & Elec. pfd. Wash., Balto. & Annap. com. .. Wash,, Balto, & Annap. pfd... NATIONAL BANK. Capital (14) . 3y Metropolitan’ (14)" ") Riges (15). Second (9e) Washington (13). TRUST COMPANY. Amer Sec. & Tr. Co. (15).. Continental Trust (6), Merchants' Banl National Sav Union Trust (8s) Washington Loan SAVINGS BANK. Bank of Bethesda (¢ ventl United States (30). . Washington Mechanic FIRE INSURANCE. iremen (8) National Union {if). TITLE INSURANCE Columbia (6h) Real Estate (6h Title & Inv. Co. of Md. com... Barber & . Inc.. co Chevy Ch. Dairy pfd. (7 Col. Band' & Gravel pfd. . C. er Mfg. pfd. . m ge Dl Fed.-Am. Co. pfd. (8 Lanston Monotype (8) Tr. & Stg *Ex dividend. B Books closed. e1iam extra, ‘extra. MAY SALES GAIN. May sales for the National Cash Register Co. exceeded by 81 per cent the volume reported for April, accord- to J. H. Barringer, vice president 1% | Was Copenhas oslo, 26,780 crown . R ane Saisnalm, erown bt whlvlbee:tb fes. The | o Colombia 6s.Jan Con Pwr Japan 7 Copenhagen 43 '& Copenhagen s rets Cuba 6% Czecho 85 ‘51 Dantsh Munie 8s A Danish Munie 8s B. Denmark 4% Denmark 6% 5 Denmark DET5%s. Mch.52, DET5%s.Nov 53, Dutch East T 6s'63. FEl Salvador 85 48 Fiat 7s ex Finland 6% Finland s £ 6; Finland 7a an. . 5 5%s'65.. 155 Japanese 8%, ... 44 Jugoslavia Bank 7s 11 Karstadt 6s'43.... 5 Kreuger&Toll Ss et 42 Lyvon Marsetlle fs. Mex 4= 1904 asnd. Milan 6% Montevideo 7 Netherlana: New So W Norwav 8= "44. Norway 6%4a Orfent Dev Poland 8 *40 Poland 7s (rets) Poland &a. Prague 7% Queensland 6; Queenland 7s Rhinelbe Un 7s. ... Rhine Wat EP 6s'53 Rhine West6s 53 . Rio de Janefro 63 . Rio Gr dv Sul fw'43 Rio Gr Du Sul 8s. . Rome 6% R'y’l Dut Sao Paulo 8x'36. .. Sao Paulo *50. Saxon (PW) 7 Seine 7s'42.. Serbs Cr Slov 78 Serbs-Crot-Slo 8s. . Shinevetsu 6%s ‘62 Solssons Sweeden 6% Swisn 518 "4 Swiss Conted 8 Toho El Pwr 6532, -ty as 8N - BH=T ANN AN AICND A RB = O ORI BT MR TRV TTIN W OB Utd SS Copen 65'37. Uruguay fs 60 Uruguay Vienna 6s ‘52 Warsaw 78 '52..... Yokohama MISCELLANEOUS. Abitibl P&P 68 °53. 10 85% 85 Abram&Strausfi4s 2 100% 100% Adams Exp 48 '48. . 86% 854 Alleghany Cp 5s ‘44 15 102 101% Alleghany 6x°49. .. 10114 101 Am Chain 6s '33 101% Allis Chalm 5837, 102 Am For Pwr 5s 203/ 8814 !AmIGCh5%s 108% Am Int Cor 53 99% M 974 8% 101% 103% 3 2 st 0 97 Am Wrtg Pa 6s Armour&Co 41 Armeur. Del 5% Atl Re Bethlehm St1 pm Reth Steel rffs. ... Bush Term Bldg 58 Chile Copper bs i 103% 107% 9415 99% 70 7% 10015 Dugquesne 4% East Cuba Sux T%s Fisk Rubber 8 Gen Cable 638 47, Gen Mot Ac Cor : Gen Pub Sve 5%s. Gen St Cast 5%8'49 Gen Thea Eq 68 '40. 39 Humble O & R 6%s 1li Bell Tel 65 Inland Steel 43 Intl Cement 63 48 Int] Match 68 '47. .. Intl Mer Mar Intl Paper 58 °47. Int] Tel & Tel 4% Int] Tel&Tel b Kan G & E 6s '52. Kendall 6% 848 ww Lackawanna Stl §s. ede G 1 2 1024 101% 102% 102% 82% 104 119% 127% 98% 87% Laclede 6348 ‘53 Laclede 548 D Lautaro Nitrate 6s. Ligr&Myers 58 ‘51, Liggett & Myers 1s Loew's. Ine, 68. aRanoenasnsn 100% 102% 100% 3% 93% 102% 1024 .65 Nor States Pwr 5s. Nor States Pwr Pacific Gas & E1 Paramount 6s *47 Pathe Bxchange 78 7 Pub Serv G 4%s'70 Pure Ol 5%s ‘37 Sinclair Ofl 7s. ... Sinclair Crude 6%s S'nelalr PLGs. ... Skelly Ofl 6%48. . Solvay Amer 58 '42. South Bell Tel bs. . Southwest Bell §i Stand Ofl. NJ "4 Stand O1l. N Y.4%: Tenn El Pwr 65°47. Tex Corp cv bs 4. ‘Transcont] Of1 United Drug § USRub1strf bs.. |-U S Rubber 7%s. .. Utah Pwr&Lt bs. .. Utilities Pwr 538, Vertientes Sug 7 Walworth 6= ‘4 Warn Bros P 6; War Quin 6; Warner Sug 7s *41 Westn Union 6%s. Willys-Ov 6348 33, Youngstn 8 &T 5 RAIL A T&SF ov 45 2005, dj Boston & Maine . Bklyn Elev 63 Bklyn Manhat 6s. . Bklyn Un El §s '50. Buff R & Pitta 4%s Can Nat 5s. Oct "69 Can Northern 7s Can Pac debds. ... Can Pac 414846 .. Can Pacific 55 '54. . Can Pacific ctfs bu. Cent of Ga 5sC 59, . Cent 6f Ga 5% Cent Pac 1st 55 '90. Ches&Ohio Corp bs 15 CMSP&Pac adj5s03 Chi NW 4382037, Chi Un Station C& W ind con 4s. . C& W Ind 5s '62. CCC&StL deb 4 %5, Clev Term 4 %8 77, Clev Term 5s v Clev Term b%s Colo & Sou 4%s. Cuba R R 68 ¢ Cuba Nor 5%s rets. Del & Hud 18t rf 48 Del & Hud 6%s. ... Den & Rio G cn Den&RGW 418 ‘36 Den&RGW 68 3 DR G&Wst b E Tenn Va&Ga bs. . Erle 1st con 4 Er Erie conv Ex 1 Erle Gene: Erle & Jersey 6 Fla East C 6s'74. Gr Trunk st d Great Nor gen 7s. .. Hocking Val 4343 Hud & Man ady Hud & Man ref 5s. . 111 Cent 48 ‘52 . 111-C-C-StL&NO 6s. Int Rapid Trans 6a. Int Rap Tr 6s stpd. Int Rapid Trans 6s. int Rapid Trans 7 Int & Gt Nor b Int Rys CA 6%s rc. Kan City Sou 3s Kan City Sou bs Kan City Term 4s. LehV gen 41 s 2003 Long Ist deb 55 '3 L & N unt L&N 4% L&NG6Y% ManRy 1st 48°90. .. Market St 7840 ., Mill EI Ry&L 65'61. M StP&SSM con 4s. M StP&SSM 68 gtd. M StP&SSM 6%4s. . MK & Tex 18t 4s. . M K & Tex 4s (B) Mo Pacific b3 A " Mo Pac 68 F 17 Mo Pac 58 G 7 Mo Pac b%s ‘4 Nat Ry Mex 4% NY State Ry 4%s. . NY Sta Ry 634862, NY Sus&Wn bs 37. NYW&BdeYs.... Norf & Wn con 4s.. Nor Pacific 3s 2037, Nor Pacific ¢ Nor Pacific ref Ogden&Lake Ch Ore Short L con Ore Wash 1st ¢s. Penna 4%s 1970 ‘66 13 7 .81 97K 97w Mo Pacific gen 4s..152 110% 110% 110% 103% 103% 108% 108% 103%% 103% 1011 101% 101% 105% 105% 105% 102% 102 ,102% 101% 101 101 6T 61 67 5 100% 100 100% 1084 107% 107% 96% 96 61 1064 106% 106% B 954 5% 98% 98% 9 9814 95 100% 100% 100% 10216 102% 102 1031 10315 10314 101 100% 100% 9% 9TH 9TY 96 96 96 9T 9T YT 103%s 103% 1034 105 104% 104% 1031 103% 103% 98 9T% 98 106 106% 106% T05% 105 1054 101% 101% 101% 9T% 97 97 85% 85w B5w 100% 100% 100% 101 100% 101 91% 91% 9I% 54 54 B4 92 9% 92 106% 105% 105% o801 (91 SasSoamn @ 104% 104% 104% 104 103% 103% 109 109 109 99% 99% 99% ‘The greatest peacetime growth in the history of the United States postal sav- ings system took place between July 1, 1929, and February 28, 1930, according to an announcement made today by Postmaster General Brown. Despite the legal limitation which re- stricts the amount which any one in- dividual mlg(mdtpodt in postal savings banks to $2,500, during the period men- tioned above the total deposits increased more than 10 per cent, or $16,341,000, making the total deposits at the later date $167,901,652. For the month of February alone the increase was $2,840,717, of which Flor- ida contributed $999,200, Texas $606,94’ Illinois $409,509, Alabama $202,981, N¢ braska $133,881, South Carolina $122, 331 and Indiana $101,236. The postal savings system has been called the “refuge of the timid.” At the beginning of the tal savings service the limit of deposits which any one in- dividual could make was $500. This amount has been increased from time to time and since 1918 has remained constant at $2,500. There are more than 11,000 depositors in the country who have reached their limit. Postmaster General Brown has been advocating the increase of this limit to $5,000, because, as he states, the sys- tem has outgrown the lower limitation by reason of the changed value of the dollar and the growing demand due to the familiarity of the people with the operation of the postal savings system. | “Money which would otherwise be dor- mant is brought to life,” says the Poet- master General, “and placed in the channels of usefulness, where it can be productive. BeRASRD N NNNON NRO SOBA— A~ 100% 100% 100% 102% 102 102 ROAD. 4 90% 90% 90% 3 90% 90% 90u 35 94% 94% 94% 13 133% 132% 132% 1 61 61 61 11 94% 94% 94% 5 93% 93% 93% 18 100% 100 100 7% 103 102% 103 1 104% 104% 104% 5 103% 103% 103% 10 106 106 105 17 109% 109% 1091 1 93% 93% 93% 86% 865 9% 99% 9216 9214 9815 98% ¥4 85 93 93 95% 9514 263 96 95% 957% 6 102% 102% 102% 8 102% 102% 102% 10 110% 110% 110% 12 R7% »Ti 8% 29 100 994 100 3 102% 102% 1024 1103 103 103 7 101% 101% 101% 1105 105 105 8 104 104 104 82 100% 100% 100% 54 98 97h 98 16 94% 94w 94w T 99% 99 $9n 2 107% 107% 107% 874 87Tl 87% 6% 6% 6% 2% 173 28 102% 102% 102% 6 95 95 95 17 99% 37 89% 12 ® 8 8 1 20 1% 5 2 1 0 3 9%, 991 9% 891 60% 59% 59% 7 9T 974 9T 46 1013 101 101% 1 109% 109% 109% 16 81 X1 81 ¥Ti% b5 9514 95% 951 1 104% 104% 104% 89% 893, 105 105 1 3 100% 1004 100% | 6 98% 981, uBl 2 104% 104% 1047 2109 109 109 3100 100 100 16 7% 1% 1% 12 64 63 64 17 3% 93 93% 11 104% 104% 104% 18 95k 954 95% 13 98% 9384 984 46 97 97 97 11 924 91% 92% 2 106 81% 105 105 87% 87% Bl 81% 95 94l 941 94% 2 112% 112% 112% 1 58 53 53 3 108% 106% 1065% 3 110% 110% 110% 19 1108 110% 110% 34 111% 111 111% 8 1975 9% 1 i9] % 81 BO% 81 11 99% 99 9y 192 92 92 1 100% 100% 100% 21 93 &% 93 6 98 98 98 1 105% 105% 105% 40 6813 68 68 59% 10 8% 764 T6% 9 101% 101% 101% 6 91 914 91k 3 9815 981 9814 4 100 1003 100%s 26 95% ubl 95% 10 98% 981 98% 2 105% 106% 106% 15 b51% b1% b1% 7 94% 94 94 3 100% 100% 100% 1 89% 8%% 894 1 97% 9T 974 5 101% 101% 101% 5 89 89 8y 1 885 88 88 9% 19 19% 1 100% 100% 100%s 15 100'% 100% 100t 10 100% 100% 100% 25 109% 109% 1093 22 6% 61 6% 20 101% 101% 101% 8 954 954 954 11 92 91% 924 5100 100 100 2 10T% 10T% 1074 3 106% 106% 106% 13 96% 96k 96k 14 1078 107% 107% 3 1011 101 1011 6 102% 102%e 102% 1 8% 8% T84 3 83l uik 93 10 125 124 4 13 18 20 664 65% 5 91% 91k 14 113% 113% 2 81 81 1 104% 104% 2 90% 90% <179 95% Sy 6 99% 991 1 108 108% 8 104 103% “I am firmly convinced that if bank- ers will make a thorough ltggy f the operation of the system and beconie fa- miliar with the co-operative attitude of its administration they will appreciate, as I do, that the system was created for the common good and is being op- erated in the interests of the thrifty, the banks and the general business of the Nation.” Washington Produce | Butter—One-pound prints, 38152394 ; | tub, 36a37. 23a24; Eggs—Hennery, ceipts, 22a23. Poultry, alive—Spring broilers, large, 38a40; small, 32a33; Leghorns, 28a30; fowls, 23a24; Leghorn fowls, 24a2! ducks, 15a18; geese, 15; capons, large, 35a37; small, 30a: Dressed—Spring chickens, large, 45a48; small, 40a42; fowls, 27a2: capons, large, 40a42; small, 30a33. Meats, fresh killed—Beef, 20a23; v 120a22; lambs, 25a28; pork loins, 28a3 fresh hams, 25a27; fresh shoulders, 22; smoked hams, 27: smoked shoulders, 22; bacon, 27; lard, in packages, 13; in bulk, 12. stock — Calves, 8all; Live | 1amb, 10a11, Fruits — Apples, box stock, 3.25; oranges, California, 8.00a8.50; lemons, 7.50a8.00: strawberries, 5.0026.50; rasp- berries, pints, 25; cherries, 5.00; black- berries, 4.00a5.00; watermelons, 50a1.25; cantaloupes, jumbos, 4.00; standards, 3.50; ponys, 2.75a3.00: flats, 4.75a2.00; peaches, 3.00; pineapples, 3.50a4.00° grapefruit, 4.00a5.00. Vegetables—Potatoes, new, 5.50a6.00; old, 150-pound sacks, 4.50; peas, 2.25a 2.50; lima beans, 4.00a4.50; string beans, 1.50a2.00; spinach, 7521.00; kale, 50a75; cabbage, homegrown, 1.00a1.25 per squash, asparagus, 2.50a3.50: tomatoes, 2.00a3.00; corn, 3.0023.25: carrots, sacks, 5.00; bunched, 75 per dozem; cucumbers, 1.50a2.50; peppers, fancy, 5.00a5.50; turnips, 2.00 per bushel; eggplant, 4.00a5.0¢ 24-quart baskets, 1.00a1.50. current re- Spring METAL MARKET. NEW YORK, June 4 (#).—Copper quiet; electrolytic, spot and future, 18. Iron quiet; unchanged. Tin steady; spot and nearby, 30.25; future, 30.63. Lead steady: spot. New York, 5.50; East St. Louis, 5.40. Zinc quiet ast s, ;;fit and future, 4. MONEY MARKET. NEW YORK, June 4 (#).—Call money steady, 3 per cent all day. Time loans steady; 30-60 days, 90 da; 5-6 mont.\y'l:: 3-3%: 4 months, 34-3%; 315-3%. Prime commercial paper, 314. Bankers' acceptances unchanged. I T. & T. REPORT. NEW YORK, June 4 (#).—The Inter- national Telephone & Telegraph Co. reports 1929 net income of $17,732,158, equal to $3.03 a share on 5,858,084 shares of common_outstanding at the end of the year. This compared with 1928 net of $14,596,336, or $3.42 each on 4,268,355 shares, the equivalent of the oid stock. Osborne Opposes Couzens. SAULT STE. MARIE, Mich, June 4 (#).—Chase S. Osborne, former gove ernor, today announced his candidacy for the Republican nomination for United States Senator from Michigan. “I am a candidate for United States Senator in Michigan to succeed James Couzens,” the former governor an- nounced. Sates. Hign. Low. PereM41481980.. 1 98 98 Pere Marg 1st PCC&StL5sB" PortEIPL 6 Reading gen 4% A. Reading J C4sb1.. Rio Gr Wst 1st 4 RIATk& L4%s StLIM&SS6s StL IM&S R&G ¢8. S%am meaw mee oo » SBAIlFla Sou Pac clt 4 Sou Pac ref 4 Sou Pac 4%s B Sou Pac 4% 8’69 ww AN BONNBARA N O AT Sou Rwy 6% Term Asso SL ds. X 0 StL b Third Ave ‘Third Ave ad) Third Ave 1st §s. 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