Evening Star Newspaper, June 4, 1930, Page 15

FINANCIAL. CURB ISSUES SHOW IRREGULAR TREND Utilities, Oils and Other Trad- ~ ing Favorites Move in Narrow Range. BY JOHN A. CRONE. @peéial Diipiich t6 The Star. NEW YORK; June 4.—Trading on thé curb exehange was more active day than it has beéfi for the last wéek and the market was broader, but price tténds continued irrégulaf. Eléctric Bond & Share hew prefér- réd appeared on the curb at 92’2, after opening on the produce exchange at The offering price today was The present 6 per cent preferred was offered last August at 105. Al- though the new preferred caused some switching in the bond market, it had little market effect on Electric Bond & 8hare common. Citles Service met free offerings around midday which carried it down to 325 off ’2 point. The rights were also active and lower .Cosden Oil pro- ided a coptrast to this movement in the miscellanéous ofls as it jumped nedrly 6 points. Creation of the biggest natural gas company in this eountry failed to bring about any farked activity in natural gas shares. United Gas pointed higher after opening lower. Duquesne Gas stirred following news that the com- pany had brought in another new well Passing of the 3unmrly dividend, due July 1, by Goldman Sacks Trad- ing Corporation was not unexpected, but it unsettled trading corporation and ihvestment trust shares. Goldman Sachs, which is under néw manage- ment, hit a new low. Blue Ridge com- mon and preferred and Shenandoah preferred were a e soft. Trans- america, which is negotiating for a Portland, Oreg., bank, likewise co: tinued soft. This general trend a: « facted Chathai Phoenix Allled Cor- ite the ifprovement in earnings market position reported by that company today. American Cyanamid B, weak Tues- day, after traders heard the dividend meeting had been postponell, was some- what firmer for a time today when it was learned the directors’ gathering had merely been postponed because of the lack of a quorum. BONDS ON THE CURB MARKET. DOMESTIC BONDS. ration, which was off fractionally lnfl 5 Sisana A Bow 55 Aluminum Ltd 3% 48 a4 Siv & giSsenngatiusias e 22238333 SETENN W EERRNE 3 » §§§ o PEFL LT =% FERE sasESaca. W 3y 225! T bt 5 SWEEE bt t Can Na lgentfl i P k74 : 8 19 Git v é ) nt G. Bet'Oons s A 47 + Brd J te 3§ Fa'Ra'el Biione & M lda P & L f on ¥ W {Erers lm%nm i g 5 F e 2 o s e cmaroraents o S nen 0, 1 85 B wen s ool & m pehis fover & 1 Bn ower niergin Fore 1 Roch Oen 1 Bchulte RE 35 xXW Shaw W&P 4135 A '87 9! Shaw W&P 4'2s B '67 9! 18haw'g 55 C "0 1 BB s ls 3w 101 ' £gs 32, 7 ehea s T 10as lif Ed 85 +31 10214 G 63 441000 7 West Tex Ut 55 A '75 92! g POREIGN BONDS, K 75 48 89 A"{ %‘q:‘ Bank 7s $ 2, 3 LR Rt RO 5 Finid Ind Bk 7s 44 elsenkirchen 68 '34 er Cons Mun 88, ‘41 Ger Con Mun s 47.. Stsiral 65 53 w Gestuera J6s '8 Hanover Pro 6 O '3 "4 S FES 322533332833 gg2s8Eea innes 75 Boc ), xw 65 A ‘52 (1) TIo8 ‘48 xW W 6 25 A 4T ww x?u.h warrants. ithout warrants. 3% 4% 28% 3 16% 109% 232 o5% 6% 8% 1% " % 6 19% % 12% 8 2914 122 1% 274 204 166% 14 32% 27 14% 85 15 30 26 474 25% 3% 56 20% 1024 101 54% 3301 284 117% 80% EI Boi 109% 108% Kl Bond & for American ted stocks 2 Stoex ana Low. Dividend 1% Aéronautie 1% Aléxander Indust, 16 All Am Gen Corp. % Allied Aviation. . 9 Aliled Mills (60¢). ... 105% Alu Co of Am pf (). 108 Aluminum Co. Ltd. . 7% Am Capital (B)..... 87W Am Cit PEL(A)(a3) 14 AmC P&L(B)(10%) 23w Am Comn D'(A) b10%. 34% Am Cwith P(B)10% 214 Am Co'with Pwr war Am Contrél O1l Fids. 24% Am Cynam B (160 Am Invést. Ine (B).. 714 Am Lt&Trac (n)..:s 31% Am Maize Prod (2).. 1% Am Maricabo. 23% Am Superpwr (1)... 94% A.n Supet 1st pf (6). 17 Am Transfor (1.40). 10% Am U&Gen B vic 40 15% Anglo Chii Nitrate. 10% Appalaéhlan Gas. % Ariz Globe Coppef. .. 8% Arkansas Nat Ga#. 8% Ark Nat Gas (A). 7% Ark N G eu pf(608) 17 Art Metal Wks (3). 41% Asso Gas & Elec $5% AsE0 G&E (A) 12. 6% Ass6 G&E (A) @b rts 3l A Osisezree 89% Asse Rayon pf (6).. % AtlanticFrult & Sug. 16% Atlantic Seeur Corp. 18~ Atlas Plyweod (2). . 6% Auto Music A(11.05) 913 Auté Vot Ma ev pf pt 24% Aviation Corp of Am 124 Aviation Credit 214 Bahia Corp. .. 14% Bickford’ Bohack HC 1t pf(1) $b% Brasil Trac & Lt (3). 2% Br{ll Corp (B)....s0 2% Bufma Corp (1316).. 10% Butler Bros (30¢) ... 8 Cable Radl6 T vite... 44 Cab&Wire pf(27%6), Cent Sta El cv pt (8) Cent St Ei cv p£n(8) Cent Sta El pf(6)£W. 4% Centrifug 214 Chain Stof 19%°Chat Ph Al n. 19% Chem Nat Asse n-v. 12% Chicago Corp (The). 2643 Citles Servicé(33ve) ies Srve pf (8 Clev Bl Iilum (1.60) 4% Colon Oil. . . 114 Col Oil & Gas v.te... 24 Columbia Pic (31%). 42% Colum Plo v.t.c. §1%. Com'with Edison(8). 3% Com'with & Sou war. 121 Comm Wat Serv b6 % & Consol Cortes Silver. 100 Cons G, Balpt A 904 Con Gas, Baite 21% Con Gas Util A 10 Consol Laundri 8 Consol Théaters. 124 Continental Oil, 28 - Cooper Bessemer(3). 10 Cord Corp. 46 Cosden Oil. .. 5% Creole Petroleum. .., 18% Crocker Wheeler % Crown Cent 11 Crown Cork IntlA(1) # Cuban Cai 84 Cueno Pre ®)... 1% ™% 3 Curtiss Wright war. Darby Petroim (1).. Daytoh Alr & En Deere & Co (11.20).., De Forest Radlo.... Derby Oil Rofl;n-t. . Douglas Alr (76e). .. Dresser (SR)A(2%). (SR) B (2). Harris(new). DL (7). Dubilier Cond & Rad Duquesne Gas (new), Durant Motors . Duval Tex Sul w.b... Bastn GAF Asso.... Eastn Sta Pwr B(1). Eastn Util Asso ev.. Bastn Utll Iav (A).. Eisl n.luu-mx LY 24% Elec Pwr Asso (1).. 28% Eles Pwr & L op war 16% Elec Shareholdg(31) 13 Empire Fire Ins..... 5 Euro Elecdebrts. ... 2% Evans Wallow Lead. 14% Ex-Cel Alr&T (1.20). 2 Fabrics Fininshing.. 8 Falrchild Aviation. . % Falcon Lead..,..... 9 Fedders Mfg Co(A).. 13% Fokker Afreraft.. 28 Ford Mot, Can A 113 36 Ford Mot.Can, B t1% 6% Ford Mot,France 28¢c 10% Ford Mor,Ltd 373%e 124 Foremost DPpf 1 9 Foremost Fab (2) 214 Fox Theater Cl (A 14% Franklin Mfg (2). 20 Garlock Pkg (1.20).. 6% Gen Alloys (80c). ... 2% General Baking..... 344 Gen Baking pf (3)... 10% Gen E, Lt rcts(80e) 21 Gen Empire Corp... 20 Gen W WAB(A) (1), 21 Gleaner Har % Gold Coin. 3_ Golden Cen 2%, Gold Seal Eles 31% Graymur Corp. 2204 GrA&PT & 115% Gr A &P Tea of (1), 90 Grief & Br pfX (7) 11% Groo Stores Prod vte 15 Ground Gripper (1). 27% Guenther Law (3) 131% Gulf Ofl of Pa(1%). 11% Hecia Mining (1), 24% Hires (CE) (A)(2). 19 Houston O}l of Texas ¥% Hudson Bay M & 8. . 374 Hydro Elee See (2).. 10 Hygrade Food Prod. 224 Imp Oll, Can, n(50s). 23 Imp Oil. Can reg 50c. 35 Ind Terr 1llu ULl tA) 35 (nd Terr lllu Ol (B) 17 Ind ¥inctfs(b10%). b4% Insull Ut Inv(b6%). 82 Insull Ut In 24 pf(8) 694 [ns Co, No Am «13).. 20 Intercoast Trade (1) % Intercontinent Petn 17 Intl Petroleum (1).. 6% Internat Products, 49 Int] Salt (new). #2% Intl Superpwr(3: 34% Intl Utilith 6% Intern: u 1% lintl 12 irving Air Che1.60). 6 irving Air Chute war 5 Italian Super war... W Kerr Lake......... 1% Kirby Petroleum. 13% Klein(R)pt pf(3130) W Kolster-br «Am 8h) 14% Lefeourt Real(11.85) 29 Lefoourt Real pf( 884 Lerner Stores (3) 3% Loew’s. (ne (war) is expected to become incres o e B P D0 O B DD % 00 N 16 & * 80s 103% 1084 lolt lo!: 120% 130 270 214 4 s " wor - S o ComnarnatBalunan~-Randra STenun i RNok wwen o EETTY g T o L e T TP 3-SR e 26 178 19 1 10, 404 3 1 Yor 3 P - LT - L PN CUBAN MARKET EXPECTED TO SHOW EXPANSION By the Associsted Pri Cuba, lll’eld{ an important market gricultural implements, 1y 109% 196 10% 39% 21% 26% 8% 24 W 26w dix 1455 3 3% 40 230 118 10% 27 149 109% 196 11% 304 22w 27 9% 24 " 264 19 621 1454 298 130 2% 2% 14 Ll 3% 40 480 s 97 14 28 149 1% 208 2% 144 1 28% Ba% Bi% 17% started. creased, and toba THE EVEN NEW YORK CURB MARKE are sold hendred-shate lote BN R R A & 0l 80% 80 3ig 40 230 18 97 1 4 10% 104 10% 27 28 149 1% 208, 144 1 22% 34w 61% 15% Coffee % 14 8 164 b56% 10 €3 % 25% % 114 L 814 1 149 1% 29% 24% 94 a6 13% 14w 1 22% 844 Bi% 17 =Prev 1930.. . Low. Otyid annua) payment s “zfl-!’ ividena, tparly extra. tPiys extra 1n stock, ING__STAR, WASHINGTON. Received by Private Wire Direet to The Star Offies Stoet ana Dividend Rate. Lone Star Gas. n (1), Long isl Light(60¢) Louisiana Lan & Ex, MAcMarr Stores i1). Mapes C Mg (13%). Marine Mid (1.20) Mass Util Asso. Mavis Bottling. Mayflower Asso (12) Mead Johnson (+3%) Memphis Nat Gas. .. Mereantile Stors (5). Mer Cha & § (1.60) Mesabi Ir6: Meét & Min, & Mid S8 Pet v.te. A Mid Sts Pet v.te. Mid W Ste Ut (1%). Mid Wst UtHI(b8%) . Mid Wst Utl] A war., Mid Roylty c¥ pt(2). Mid Stl Prod, A (2) Midvale Co ( ‘ Miller & Sons (2).... Mo Kan P L (b10%). Baloe— Add 00. Oven. Bigh. b5 48% 49 1 4% Low. Close. 48% 49 4T% 4T% 3% 3 19% 19% AT% 38% 6 24 7 1% 19 P ITToT N ST, MissKPLv Moh Hud P 34 pf(7) Montecatini deb rts.. Moody's 1 8 pt pf (3) Mount Prod(1.60 Munieipal Service. Natl Da Prpf A (7). Sk aw SR 104% 4 2% 384 19 111 84 14% 9% 33% 18% 7 Natl Pwr & Lt pt (1) Natl Screén Svedd).. Nat Sh T Sec A $50c, Natl Stéel x-war(2). Natl Sugar, NJ (2).. Natl Transit (1) Newport Co (2)..... N Y&Hon Ros(11%). N Y Rio&Bu Afres. ... Niag Hud Pwr(new). 4 Niag Hud Pwr.A war Niag Hud Pwr B wa# Niag Shars Md(40c). ent-P t23 Mines (3).. Nor&Sou Am Corp A. No Am Aviit A War.. Nor A L&P (b8%). Nor Am L&P pf (6). 1 Noth Euro Ofl Corp, , Nor St& Pwr A(8)... N W Engineer (2)... Novadel Angene (2). Ohle B Tell cu pt (1) Ohio Copper.... Ohio Of1 (4) Ohto 011 pf ne Qutbd Mot(A) (1 Outboard Motor (B). Pac GAE1 18t pf 1%, Pandem Ofl......... Parke Davis (11.55)., Pénnroad Corp...... Penna Pwr&Lt pf (1) Peopies L&D, A 42.40 Pet Milk pf (7) Petro) Corp war. Phila Elec pt (5). .. 150 Pie Bak of Am A (2). Pitney B P.n (200).. Pittbgh Forg (1.40 Plymouth Oil (2). 5% 13% 8% 33 29% 21% 314 74 90% 3% 1704 20% Prudential Pub Util Hold w w. 141 PugSAP &L pf (5).. 208 Pure Ol pt (8)...... 108 Raliroad Sh Cp(28e). Raymond Conerete 4, - P T T S [Tl (TRTrSvrg OV S Rocklans Lt&P(930) Root Refining . Ryan Consolidated. St Anthony Goid. St Rexis Paper (1), Bait Creek Prod (3).. Bchulte Un e-91 8 Seaboard Utilit Sel ind allot ofs 63 . Select Ind pr(53%)... Sentry Safety Contee Shattuck Den Min. Sheaffer Pen (13) ... Shenandoab Corp. ... Shenan Coro pf (a3). pe 21% % 20% 20 233% 225% 232 80 80 80 6 6y 20 A 4 3 1% 1% 1% 1% b4 B34 b4 86% * 36 36% 89 Sisto Finance Corp. . Smith (A O) (2). 8o Col Pwr (A) (3) Southern Corp. .. 36 e RomrBaurire Stand O1l, Ind (2%). Stand Oil, KY (11.80) nd Oll, Ohio(2% ) 8t Oil, Ohto pf (7). Struthers Wells Stutz Motor Car, £ . 50s Sunray Oll (40c). Swift & Conew (2).. Swift Internatle2%) Syrae Wash M B (1) Tampa Blectric (13) Technicolor. in Teck Hughes (80¢c) Tenn El Po 18t pf(7) Tennessee Prod (11). Thatcher Sec Corp Tobacco & All Stks. . ‘Todd Shipyard (4). Transamer (3 ). Tran Con Afr Tran. Trans Lux D L P Tri-Cont Corp (war) Triplex Safety Glass Trunz Pork 8 (1.60). Union Tobacco. Untted Corp (war). Unitt Dry Docki Unit El ve pr wa Utd Founders(b3.35) United Gas Co. United Gas Co ( 83 T TH 09% 109% 6! 109% 1 16% S e R AR R a8 0 90 - Utd Lt & Pwr A(1).. Utd Lt & Pwr pf(6). U 8 Finishing pf(1). Gypsum (1.60) & Intl Secur. &Intl Sec 1st (5). US Lines pf (1)..... U S & Overseas war. U 8 Playing Cards t§ U S Radiator (2). Utd Verda Bxt (4). United Wall Pape: Utility & Ind. Util & Ind p: Utility Pwr&Lt(al Utility Equit} Vacuum O1] (14%) van Camp Packing Venesuela Petrolm. Walker (H) (1) Wi M Ches & Ohio, Cities Service Hud Bay M&S, July 15 InsCoof NA Oet 1 20 Newport Co. % W yidend rates in dollars based on iast quarterly a Payable k. b Payi Payable in oreferred stock. important crop, increased production of | tractors, cultivating implements, such as fruits and Winter vegetables has been production has cco farming is being | plows, harrows and the llke, with a 1n- | fairly large amount of dairy equipment. carried on more extensively. Rice cul- tivation, inactive for man; , has been resumed. Dairy nm{ln};"" modernized and pouitr; In Assyrian times some wise observer discovered the art of artificially pollen- 15 bein % | izing the date palm. That was per fanuioy & ibe- very ever mi D. C., WEDNESDAY. NEW YORK, Juné 4 (#). - Btocks firm; oils unusually prominent, Bonds steady and dull. Ourd ; Deere | sadvances about 10 points, Cotton low- ef; continued favorable weather. i steady; better spot situation. oo steady; Brazilian support. CHICAGO, Juné 4 (#)—Wheat easy; bearish Government weather report. corn easy; beneficial rains Southwest. Cattle irregular. Hogs stéady to lower. GRAIN MARKET CHICAGO, June 4 (#).—Canadian re- mru of the best rain of the year led sharp breaks in wheat prices laté today. Houses with connections North- west,_were conspicuous on the bear side of the market. Many stop-loss orders to sell out wheat holdings at various fixed limits were foreed into operation, and there was a décided absence of any aggressive support from buyers, es- pecially as export demand today for ;/kr’mc from Nofth America was again . Wheat closed heavy, 2a23; cents bushel lower than yestérday's finish, Corn closéd %al% cents off, oats, 4a% cents down, and provisions unchanged to a rise of 2 cents. Cloge. 1 i aly ... September Degemper 40% i1 8eptember December . 48v, B NEW YORK, June 4 (Special).— Cotton prices on all three exchanges continued to feel the depressing effect of the severe break in silver today, as well as lm{arnved growing conditions in_the South. The matket wAs under pressure from the start, and with trading more active than for some time, Tmmmns lost $1 a bale, with néw October below 141 cents and within $1 a balée of low prices of the séason. The list ended with a loss of 10 to 20 points. Spots were reduced 10 points to 15.90. Cotton range: July .. Qctober, old QOetaber, néw . Decemper, old December, hew POTATO MARKET. CHICAGO, June 4 (#) (United States Department of Agriculture).—Potatoes, 43 new, 14 old; on track, 127 new, 23 old; total United States shipments, 992. Old stock firm; trading light. Wiscone sin sacked round whites, 2.80a2.90 for best; Idaho sacked Russels, few sales, 3.40a3.50; occasional fine car * higher; new stock firm; trading good; Southern sacked Bliss Triumphs mostly 3.70a 4.00; fancy, 4.05a4.10; ordinary, 3.60a 3.65; No. 3, 2.4082.60. CHICAGO STOCK MARKET By the Associated Press. CHICAGO, June 4—Following is the complete official list of transactions in stocks on the Chicago Stock Exchange today: ales in 3 Hygh. Low. Cloge. f 8 };v. 38 19 9 in" Baion: o ioh: 31 y_WAL Serv Mater b, 49 pire 100 Fabries 1300 Foote Gy 0 Cor 1D RO udaille- 10 10 No. Bl 80 Ind_ Peu ool 2900 Insull e UF g7 & ic 50 Libby-MeNelll o 930 Lion' OIf Refining 100 Lygen-Glass Mach 0300 Malestic Tousehold 330 Mannatt ; i} n:?x P iy 50 Moo ot Mirs A0 3 tern Tel.. 26 UL ney. 337 Ut 6% pf A 104! W UL A war dle W Ut B war 10424 8 Nat Gas 1% 29 o e L odii 00 Mohawk ‘Ruubber 0 Monroe Chemical 16 Mosser Leather 50 Muncie Gear A 350 Muskegon Motor at Elec Pow A 3200 Nat} Pub Serv b 50 National Repub 100 Nat-Standard . 3100 Noblitt-Sparks . North FEFE SETES o Music Cu’. uaker Oal ailrond Share Pa ., e e et S St PN xet Co. .. 700 Seaboard Utiijties! 50 ShefTield Steel e mgptae esd e FESE FFEET ., sEesspsgaNesusayn ‘BONDS, JUNE 4 Two yeats ago Three yeats ago, weekly High (19 . Low (1 INDUSTRIAL UPTURN IS SEEN IN FALL Sentiment Among Business Lead- ers Is Becoming More Cheer- tul, Says Review. ‘The 1930 industrial revival is still mainly a matter of hope and promise, snys & current survey of the Siandard Statistics Co. of New York, which con« tinues, in part: “Aggregate volume of production has followed a mainly up- ward course since striking bottom last December, but the recovery to date has been of less than the usual seasonal rmportluns. In Svery month uiu far his vear composite industrial activity has declined sharply below hot only the record 1929 levels but also the estimated normal trend line. For the entire first four months, as com| with the cor- responiding period of last year, the re- cession in_production was slightly in éxcess of 12 per cent, while the decrease in corporate profits amounted to at least 20 per cent. “Sentiment among many important corporation executives is, however, be- coming more cheerful. That the next real turn in the situation will be upward is the consensus, with only the time in question. The predominating opinion is that late Summer or early all will bring renewed signs of revival, which should become increasingly pro- founced as the year draws to a close. “Among those lines most favorably situated at present and in & position to benefit from any renewed nsion in general trade are électrical equip- ment, motion pictures, tobacco-ciga- Tettes, electric light and power and tele- phone and telegraph.” DECREASE IN BALTIMORE BANK CLEARINGS SHOWN Bpecial Dispateh 1o The BALTIMORE, June 4.—Bank clear- ings for May, as reported by the Bm.': Igpr more Clearing House, amounted $398,958,041.65, compared with $432.- 586,920.69 for the norrupondm! month of 1929, & decrease of $33,628,888.04. Clearings for the first five months, to- taled $2,004,907,146.35, as against $2.- 143,039,169.10. Debits to individual accounts covering operations of 22 banks holding member- ship in the local clearing house amount- ed to $413,128,815.35 in the four weeks ended May 28, compared with $374,704,- 367.88 in the corresponding period a year ago. In the five previous weeks ended April 30 they totaled $504,493,- 148.74, against $502,446,350.58 for the compartive period of 1929. An increase lfi m;::h figures also was shown for arch. MARYLAND BONDS SOLD. BALTIMORE, June 4 (Special).— The Mercantile Trust Co. and syndi- cate associates, Baker, Watts & Co., Stein Bros. & Boyce and Wallace San- derson & Co. of New York, were the successful bidders yesterday for the 2,245,000 issue of State of Maryland onds. The price paid was 102.8212. The issue consists of $750,000 43 r cent certificates of indenture, nown as the Post road loan of 1929, $750,000 4', per cent serial annuities, known as the bridge loan of 1920, and $745,000 415 per cent serial annuities known as the special road construc- tion loan, 1929. BANK CLEARINGS. NEW YORK, June 4 (Special).— New York bank clearings, today, $1.- 410,000,000; a year ago, $1,421,000,000. New York bank balances, today. $203,- 000,000; a year ago, $161,000,000. New York Federal Reserve credit balances, today, $191,000,000; a year ago, $145,- 000,000. TREASURY CERTIFICATES. (Heported by J & W. Seligman & Co.) Rate-Matarity Had" 4 ner g’l/.l guna Ix% }ggg }% 1.;3 100 3-32 56, 15. 1930 i 3125 Dee. 15, 1930 1 % s %s HH 33 _Busmess Notes By the Associated Press. NEW YORK, June 4—Inactivity marks the machine tool and machinery markets, reports the American Machin- ist, and prices remain firm. The re- view for the past week attributes the slowness of business to the continued eneral depression. A few districts re- ;orn an upturn in sales, but the im- rovement is considered temporary and fiule change is expected before Fall. Business so far this year has not been as satisfactory as the correspond- ing period of 1929, reports P. A. S. Pranklin, president of the International Mercantile Marine Co. He added: “We are hopeful that the remainder of the year may show an improvement.” J. W. Haynes of C. D. Barney & Co. is a new director of the company. Says the May Outline of Business by the Chatham Phenix Bank & Trust Co.: “The true key to the business frospect at this stage of the cycle lies in he relation of production to consump- tion and purchasing power, There are many indications that the national capacity to buy has contracted in meas- urably smaller ratio than has the out- put of goods, and the relation between production and consumption is now on A much more favorable basis than f{t | was during the piping times of 1929.” AMERICAN INSURANSTOCKS CORP. A representative group of insurance stocks since 1918 shows an average annual gain on the original invest- ment of 729 —of which 12% was annual cash dividends and 60% was annual increase in market value of the original investment. ¢ 5 (Copyright, 1930, Mandard Statisties Co.) FINANCIA DEMAND FOR HARDWARE IS DECLARED NORMAL Special Dispatch to The Star. NEW YORK, June 4—Current ac~ tivity in the hardware trade throughout the country has been retarded by less favorable weather, Mardware Age will say omorrow in its weekly market sum« mary. Despite this adverse factor, pres- €ent sales levels are being maintained at a point near normal and business corresponding period of & year ago. The optimism of dealers n-i becm‘m more pronounced of late as the public has shown a willingness to purchase the Spring tasks. Staple lines are moder- ately active, and & good demand exists lolix:emnable “el;ihnndbe, creased activity is ex) d with the advent of fair and '-flnp:?;-euthzr. The ¢call for builders’ hardware and re« lated construction supplies gontinues to be & disappointing factor éo the trade. Sporting goods, lawn and garden tools id housewares are among the most active lines at present. n the main, prices are fairly steady and few revisions of importance have been made recently, although the trend in prices is largely downward. Keen competition developing between manu- facturers of some staple lines is respon- sible for rather frequent price conces- slons being made where the order in- w’}"h? o‘r‘ufl slafuuo 1s showing gradu: n al improvement, and collections, gxcent in scattes instances, have a fairly sat- isfactory status. FARM BOARD PLANNING TO AID APPLE INDUSTRY By the Assoclated Press. The, apple industry in this count may funo on & national basis m::oxmnmmnmm.vm- The board has announced it will as- sist growers in the development of local and regional co-operative marketing as- sociations to the end that present dis- tril ight b: act. ans call for organisation and de- ional mmz of local and 8880~ lnul‘mw:r“ n'gumc e are favoral co-operative develop- ment and where the p-ru:‘uhr project Local m—o?-ndpw be encouraged [ to unify their marketing activities and establish regional sales agencies with the hope that eventually there will be sufficient organization to warrant the development of a national sales pro- gram. 40-HOUR WEEK IS DUE FOR B. & 0. SHOPMEN Special Dispatch to The Star. BALTIMORE, June 4.—Beginning next Saturday, the shopmen of the Bal- timore & Ohio Railroad will go on & 40- hour week instead of the 44-hour week on which they have been working for several months. This will be accom- plished by not working on Saturdays. About 3,000 men are involved in Bal- timore shops, and the total number of men affected throughout the system is about 7,000 “This action has been made necessary by the budget requirements of the Bal- timore & Ohio Railroad,” said F. X. Milholland, assistant to the senior vice president. “It has been agreed to by officials of the labor unions as the most satisfactory arrangement and as prefer- able to furloughing groups of men. No date has been fixed during which it will continue.’ Reduced earnings of the road made reduction of expenses necessary, it is explained. BALTIMORE SHIPPING. BALTIMORE, June 4 (Special).— ‘The Maritime Exchange reports the arrival of 269 ships at the port of Bal- timore in May, a decrease of 16, com- pared with the record of April. ‘There were 184 United States vessels, against 171 in April. Of the American arrivals twq were s!l;g:il’;, schooners. For the first five mon! 1930 there have been 1,349 arrivals. Rock Creek Estates By Owner Beautiful Home 7 Bed Rooms, 4 Baths, 2-Car Garage, Large Lot Reduced $12,000 Inspection by Appointment ADDRESS, BOX 349-V, STAR OFFICE. Send for Circular. L 1343 H Str. generally is about on a par with the fi t #%% A—1I5 BANK STOCK TREND LOWER DURING MAY Leading New York Issues Were Highly Irregular. Early Gains Offset. L. Special Dispateh to The Star NEW YORK, June 4—The movement of New York €ity bank stock prices during the month of May was highly irregular, according to records com- piled by Hoit, Rose & Troster. Yielding to reactionary influences, the decline in the first week of May practically can- celed all of the gains recorded during the first three months of the year. A gradual recovery followed during the second week and di of the month dullness prices generally below the high levels of the month. Opening May 1 at 192, the weighted average of 14 leading bank stocks touched a low of 175 on May 3, but re- covered to 190 on May 16, only to case off slightly and settle at 186 at the gnd of the month. The range follows: May ). May 16. May 329, 1 167 3 190 396 16 i, 9 1% eriea tools and other supplles required for Yoot 148 Weighted averas 190 wilie S BETRST e ANNUITIES Send for Information LEROY GOFF INSURANCE—ALL BRANCHES 1038 Woodward Bld First Mortgage Notes ' FOR SALE In Denominations of $250° and Upwards JAMES F. SHEA 643 Louisiana Ave. N.W. . The Commer National Bank Savings Deposits Bear Interest on Daily Balances from Day of Deposit to Day of Withdrawal. Com- pare this method with usual method of computa- tion. Call and let us ex- plain, Other Departments are equipped to serve you in all and fiduciary matters. The Bank of Personal Service 14th & G Sts. N.W. Resources Over $20,000,000 WADE B. COOPER. Presidemt A YIELD OF OVER 7% may be obtained through ~ an investment in the Class A Stock of HATHAWAY BAKERIES, INC. whose plants serve growing territories in Massachusetts, Rhode Island, New York," Ohio and Wisconsin. Sales and earnings show steady increases. Price at the Market Write for further details Spencer Trask & Co. 28 Broad Street, New York ALBANY BOSTON CHICAGO PROVIDENCE PHILADELPHIA NEWARK LONDON Members Nagv York Stock Exchange Washington Correspondent James M. Johnston & Co. Shoreham Bldg., Washington,D. C. ' Guaranty First Mortgages Pay 63% Conservative Investment! The only thing to invest in today is some good, sound, steady investment. Guaranty First Mortgages are just such. an invesgment because they are secured on improved real estate and backed by our $3,800.00 resources. In denominations as low as $250 Stop in, or Send for Booklet, “The Success Plan” May Be Purchased on Monthly Payments REALESTATE MORTGAGE & GUARANT CORPORATION Capital Resources over $3,800,000 as the present projects in crop diversi- fication and irrigation are carried out. American agricultural | The became &, kind of cult in Cables received from trade attaches|implements shipped to Cuba amounted | Assyria and is portrayed on some of the indicate that, while sugar is still an all-|to $1,180,83& consisting chiefly of | old monuments. 24 JACKSON PLACE conducted al %flfl-fll 155 long sclentific lines. 11000 Insul the first scientific d! ‘The zinnia, ‘now one of the most T) popular of the annual flowers, is & na- tive of Mexico. 1 Ut 8 40, 108% 1 4 B te & u B nUCsent Bond sales today—3$14,000. T ‘BriLl