Evening Star Newspaper, June 6, 1930, Page 15

FINANCIAL. (URB SHARES FIRM S PRESSURE LIFTS Bears Abandon.Attack as Of- ferings Dwindle on Decline. Oils Active. BY JOHN A. CRONE. @pecial Dispatch to The Btar. “"'NEW YORK, June 6.—Resuming the fxregularity that characterized trading Thursday, the Curb ‘Exchange opened lower today, but when the bears found it was impossible to dislodge sizable blocks of stocks, as shown by the fact that offerings dwindled, pressure was lifted. Public utilities backed and filled most of the session, but coppers, motors and investment trusts and trading corpora- tions inclined to hcaviness. Electric Bond & Share, which is ex-dividend 113 per cent stock today, declined after opening higher. Citles Service again eased fraetion- ally and the rights remained active near their previous closing levels. American Cyanamid B again encoun- tered moderate offerings. Ohio Oil, which is linked up in a S:N line deal with Illinois Pipe and Oil of New Jersey, braced. Cosden was moderately active and reg: fstered a range of 2 points as it alter- ately rose and fell. ‘The decline in Ford Motor shipments in April and In the first five months, ‘coupled with reports of the proximity of usual seasonal shut-downs of other companies, created some heaviness in automotive securities. Cord and Ford Motors Limited were the first issues to move lower. Noranda Mines reacted following the directors’ announcement that the quar- terly dividend had been reduced from 78 to 50 cents. Newmont Mining opened off 7 and other metal shares weakened. Cables* & Wireless shares here in the forenoon failed to reflect the decline in London, where it was announced that cable rates would be brought down to the level of beam wireless rates. Continued pressure against Goldman Sachs Trading, which recently omitted its quarterly dividend, brought it down 1o & new low level for the year. Trans- america, however, was not offered as freely as on Thursday. Lion Oil Refining was off }; point at 26% following postponement of the directors’ meeting Thursday. ‘This gathering, which was to act on divi- dends, was put off until June 17 owing to the absence of President Barton. Schulte-United Stores was moderately active but unchanged, following the May sales report which showed an increase of $1,001,100 over the same 1929 month. BONDS ON THE CURB MARKET. Alsbama_Pow Ss 68 102% 102% 102% i 48 29 99 e 98 98% 8. 98'2 9% 983 6s4d 93° 93 ' 93 2016, 1074 1075 107% 48 99ty 897 09y 56100 ° 100 100 s 145 129% 1282 128% B 48100 1 100" 100 Tel Can 55 1035 Tel Can 5s B 57103 t & Me 24 5s '35 99% N s £ '35 1087, 1084 108% s B & L85 5610318 10314 103 100 100 103 163 1023 108 9912 99'% 9999008 . o t] 532 D £ B, 5 Cig C; 8 Citle Git Cit i Sons &t 961 961: 97% 99% 9914 9930 71017 101% 101% 60 70 101% 101% 101% R ¢ w3l 31 ST ot e 0nit 10ait 1 s A 2 AR aTlock Packs 6s atineau Pow 5s ' 0000 9% 99 ' 99 98l 9810 98%a 70" 70 4 122% 124 10814 104'3 108% '57 101 101 101 TRESERs o L §2 h 8 ; B2 % 100 A FEC B osaTumetuoBuuaten = FzzgERAzERd o g'iva'"- TSl vQzzaZz: 355 558~ © 1001 100 s 49 1017 1017 49 97 97 T-Asto 95 93 W r;- 45 160 10215 1037 1025 ¥ Ml s ‘33 9T1a 911 9T enn 5s 3050 wi 92% 1% 914 FOREIGN BONDS. 30 Berlin Cy E 65 '55 Buenos e e e . acggcE I SEETEO000 £443; 3% g FRESES B o 388 L 585000570034, :', s 2l 2) A o2 ad EPaBr > b2 33877 SRS weaSols B, 2 22223888.3:383258822882888 2 553 FESESS et o g1 a88sgssResns E7 s NEW YORK CURB MARKE Stock and Dividend Rate 1% Aeronautic ind war. 214 Atnsworth (12%) 3l Alr investora v.te... 126 Ala Gt Sou pf (17).. 111 Alabama Pwr pf (7). 16 Al' Ain Gen Corp.... 4 Allegheny Gas...... % Allied Aviation. ... 4' Allied Int Invest.... 105\ Alu Co of Am pf (6). 19°» Alumn Goods (1.20). 4% Am British & Cont.. 7% Am Br B fd shar: T Am Capital (B)..... 76 Am Capital pr pf 6% 37% Am Cit P&L(A)(a3) 14 AmCP&L(B)(10%) 20% Am Colortype (2.40). % Am Com I'tA) b10% 2 Am Co with Pwr war 24% Am Cynam B (1.60). 16l Am Equities 46 Am For Pwre 113% Am Gas & Eleo (11). 105% Am Gas&Elec pf(6). 4% Am Inyest (war)... 10 Am invest inc (B).. €7% Am J.t&Trac (n).... 1t Am Maricabo T Am Natural . 55 Am Salamandra (3). Am Superpwr «1)... 94 A.n Super 181 BT (8). 8M. Am Superpwr pf (6) 10 Am U&Gen B vie 400 2% Am Yvette (n) w.l. 15% Anglo Chil Nitra; 10% Appalachian Gas. 9 Arcturus Rad Tubs & Ariz Globe Copper. 8% Arkansas Nat Gai 8% Ark Nat Gas (A) 5% Asso Elec Ind (30¢) 41% Asso Gas & Elec...... 6% ASS0 GEE (A) 12 ol Asso GEE (A) dbris 125 Asso Gas&ll cifs(8) 1 Asso Laundries. ... 314 Asso Rayon. sy Asso Layon b 13 Atlantic Lobos *18 Atlas Piywaod 12% Atlas Uil Corp. 6% Auto Music A(11.05) 4% Auto Voting Mach.., 91y Auto Vot Ma cv pf pt 24% Aviation Corp of Am 124 Aviation Credit..... 122 Babcox & Wil (19)..'1 46 BancomitCorp(1.60), 5% Bellanca Alrcraft... 20 BlisaCo(E W) (1).. 6% Blue Ridge Corp BourJois, Inc 36% Brazil Trac & 2% Bridgept Mach (25¢) 320 Bulovacy pf (3%).. s Burco, D¢ (war). 2% Burma Corp (131¢).. 10 Butler Bros (30¢). Cable&Wire (B) rcts 33% Cent P8 (A) (al1.75. 1y Cent States Elec 3408 88 Cent St Elcv pfn(6) 72 Cent Sta El pf(6)xw, 4% Centrifug Pipei6le). 215 Chain Stores Dev. .. 12 Chain Stores Stock. . 22% Charis Corp (13) 19% Chat Ph Al n-v/(5! 19% Chem Nat Asso n-v. 1u% Chicago Corp (The).. 1% Chief Consolidated. , B 8% Cit Stc pt B (60c) 61 Clev El lllum (1.60). 11% Cohn & Rosen, Inc W Colombia Syndicate, 10% Col Ol & Gas v.te... 51 284 Com'with Edison(8) 3% Com'with & Sou war. 124 Comm Wat Serv b6% 16 Consol Alrcraft..... % Consol Auto Merch. . 904 Con Gas, Balto(3.60) 21% Con Gas Util A 2.20.. 10% Con Gas Util.B v.t.e., 10 Consol Laundries. ... 7% Con Retail Stra (1) 3% Consol Royal 4§0e).. 5 Copeland Prod.Inc A 9% Cord Corp. 45 Cosden Oil 5% Creole Petroleum. .. 18% Crocker Wheel . 30 Crown C&S pf(2.70). 11 Crown Cork IntlA(1) 34 Cueno Press (2%)... 2% Curtiss Airports vie. 1% Curtiss Wright war. 1 Cusi Mex Mining. ... 7% Darby Petrolm (1).. 3 Dayton Air & Eng... % Dec R, Ltd(Am shs). re & Co (11.20) (SR)B(2).. 41 Driver Harris(new). 5 Dublilier Cond & Rad Bales— Add 00 Open High. 208 508 1 T T 1 008 2 1 7 20 o g e P e T I I L L L » ETNCE- 24 & SOV 145 Duke Power (35)... 2008 16% Duquesne Gas (new). 3y Durant Motors. 25% Eastn G&F Asso.... 18% Eastn Sta Pwr B(1). T Eastn Util Inv (A).. 134 Eisler Eelectric(1%) 92% El Bond&Sh pt wi(5) 80%4 El Bond & Sh (b6) 103% El Bond & Sh ot (6)« 24% Elec Pwr Asso (1).. 16% Elec Shareholdg(31) 13 Empire Fire Ins..... 19% Emp Pub Sv A(1.80). 22% Employ Reins(134).. % Engineers Gold. .. .. 156% Europ El, Ltd A(60c: 2 Evans Wallow Lead. 2 Fabrics Fininshing.. 24 Fagol Motor.. Falcon Lead 3% Fancango Corp. .. .. 173 Fiat receipts (1.25) . 1% Fiat Stock deb rts. .. 18 Flintkote (A) (1%). 13% Fokker Alreraft.... Ford Mot, Can A t13% ce 28¢. 10k Ford Mor.Ltd. 37 %e. 214 Fox Theater Cl (A) 2% Galena Ofl Corp. . 20 Garlock Pkg (1.20). 2% General Baking 6% Gen Alloys (80c). 33% Gen Baking pf (3) 10% Gen E, Ltd rcta(50e) 21 Gen Empire Corp... 8 Gen Indus Alcohol. . 32 Gen Petroleum w.i... 20 Gen W W&E(A) (2). 21 Gleaner Harv, n (2), Gold Cofn. 8 Golden Center. % Goldfield Consol 28% Goldman Sachs T C 2% Gold Seal Elec n 3114 Graymur Corp 2204 GrA& P Tn-v 116% Gr A &P Tea pf (7. 11% Groc Stores Prod vt 104 Ground Gripper (1) 364 Guard Fire Asso(3) 181% Guif Oll of Pa(1%) % Happiness Candy. .. 41 Horp & Hard (2%4).. 19% Houston Oil of Texas 8% Hudson Bay M & 8., 78 Humble Ofl (2)..... 374 Hydro Elec Sec (2).. 10 Hygrade Food Prod. 224 Imp OlL Can, n(E0e). 87 Ind Pipe L, n (12%). 84% Ind TerT f1lu Oll (A) 84% Ind Terr Illu Ofl (B) 17 Ind Fin otfs(b10% ). 64% 1nsull Ut Inv(bE%). 694 Ins Co, No Am (13) .. 20 Intercoast Trade (1) % Intercontinent Petn. 17% Intl Petroleum (1. 6% Internat Products, 49 Intl Salt (new). 821% Intl Superpwr($1).. 6% Internatl Utll B 1% Ilntl Utilities (w: 10w Interstate Equiti 40% Interst Eq ov pf(3) 12 1rving Atr Ch(1.50). 6 Irving Air Chute war 9% Italian Superpwr A.. 1% Kirby Petroleum. .. 18% Klein(H)pt p1(3120) . % Kolster-Br (Am. 18 8 2 10 2 27 14 22 i . 6908 <1000 10 W1 N1 » 2 [yor ERSmme 1424 1080 THE EVENING STAR, WASHINGTON., D. C, FRIDAY, JUNE 6, 1930. FINANCIAL. Prev 1930~ lock ana Dividend Rate 14% Lefcourt Real(11.85) 384 2) 16% 1 & L 8% Lion Of) Refin 12) Long Isid Lt pt (7) Louisiana Lan & Ex. MacMarr Stores (1), Mapes C Mfg (13%(). % Marine Mid (1201, .. Marine Un Inv (1).. Marion Steam Shov. Mavis Bottling Mayflower Asso (32) Mead Johnson(t3%) Memphis Nat Gas... Mer Cha & § (1.60).. Mer Cha&sS pf A 6%. Mesabi Iron........ Met & Min. Inc(1.20) Met Chain Stores. .. Mid Sta Pet v.t.e. A M1id Sts Pet v.te B. Mid W Sts Ut (1% ) Mid Wst Util(b8%). Mid Wst Uti] A war Mid Wst Util B wi Mid Roylty cv pf(2). Mo Kan P L (b10%). Miss K\P L V.LC..... Miss Riv Fuel bd rta. Mock Judson Voe(2) Monptecatin deb rts. Moody's 1 S pt pf (3) Mount Prod(1.60) Municipal Service Murphy Co (1 60) Nati Amer Co. Natl Aviatio o Natl Baking'pf (7). Natl Da Prpf A (7). Natl El Pwr cu p£(6) Natl Fam Strs(1.60). Natl Food (B)(b2%) Natl Fuel Gas (1) Natl Investors Nati Pub Sv A(1.60) Natl Rub Mach (2 Natl Screen Sve(z 1 2% 1 83 PSP -JOpRp I " [SIN)-JRTOPR S o) Natl Union Kadio Nebel Oscar 114 Nelson (Herman. Nevada Cal Elec. - S e - T N Y Hamburg (3%). N Y Pet Royalty N Y Rio&Bu Alres... Niag Hud Pwr(new). 118 Niag Hud Pwr.A war 7 % Niag Hud Pwr B war Niag Shars Md(40c). Niles-Bement-P 2% Noranda Mines (3).. No Am Aviat A war,. North Am Cement. .. Nor Am L&P (b8%). Noth Euro Oil Corp, , North Ind P 8 pt (7 Nor Sta Pwr A(8). .. Novadel Angene (3). Ohlo Copper Ohlo O1l (4) P! 1 Outboard Motor (B). Coast Biseuit (1) Pac Comel Co (1.40), Pac G&El 1st pf 1%, Pac Pub Sve (1.30).. tern Ofl, Penna Pwr&Lt pf(T) Petrol Corp war.. % Philip Morris, Ine Pitney B P, n (20¢).. Pittbgh Forg (1.60). Plymouth Oil (2) Polymet Mfg (31). Power Securities e - LT - O o Pub Util Hold w w. . Pub Util Hold war... Railroad Sh Cp(25¢). RY & Util Inv (A)... Rainbow Lu Prod B.. Relter-Foster(40¢).. Richmond Radiator.. Rike Kumbler(2.20). Rocklans Lt&P(92¢) Rossia Intl Corp.... St Regis Paper (1). Salt Creek Con(40¢). Salt Creek Prod (2).. Schulte Un be-$1 St.. Seaboard Utilities. . Sec Corp Gen new (4) Seg Lock & H (50¢).. Seiberling Rubber. ., Selected Industries., Sentry Safety Cont.. Shattuck Den Min. Shenandoah Corp. Shenan Corp pf Singer Mfg (126) Smith (A O) (3). South Coast. . o B 4 South Penn O11(12%) & SoCalEdpfB(1%). 2 Southern Corp. A | Southern Ice Uti (B) 1 3 2 1 1 4 - AnBommp e~ A s Southland Roy (1) Stand Oil, KY (11.30) Stand Ofl. Oh1o(2%).160s Starrett Corp....... 1 Starrett Corpof (3), 2 Stein(A) Copf(8%). 50; Superieater (133) Swift & Conew (2).. Swift Internatl(3%) Tampa Electrio (33) ‘Technicolor. Ine. ‘Teck Hughes “d'.) ™ EET TSI Tonopah Belmont. Tonopah Mining. Transamer (31.6 ‘Tran Con Alr Tran. Tri Utilits Tubsize Chatel (B) Ulen & Co - Ungerleider F Corp. ‘Union Tobacco. .4 Unit Car Fastnr(60¢) United Corp (war) Unitt Dry Docks. United Chem pf (3) Utd Founders(b3.35) 46 United Gas Co. v . & United Gas Co (new) 222 United Gas (war) 37 PIPTC TSI, TP Util P&L B ctfs (a1) Utility & Ind......e Utl] & Ind pf (1), Utllity Equities. ...y Vacuum O} (164) Van Camp Packing.. Van Camp Pkg pf Waitt&Bond,B(1.20 Walgreen Co (war) o IS JOPA TV PE T It [OISPHSPRSIerS 8- ). Western Md pf (7).. ‘West Tab & Sta (2)., 5 ‘Wheel Stl pf B (10).. 20s 136 Wil-Low Cafeteria. 7 10% Winter (Benj Woodley Petroleum.. 4 “Y” Oil & Gas. . - - ate 3 & Mo Kan Pipe....June 25 !;‘0"0" Co. June 20 % Twin Sts NG,A..June 37 Saiv— Add 00 Open High Low 22% b3 1% 26% Received by Private Wire Direet to The Star Offies , Close 22% 2% 82 83 16% 164 26k 26% 3% 204 60 104% 104% 81 81 17 1% 2% 2% 87% 184 24% 17% i ' Glance NEW YORK, June 6 (#).—Stocks weak; Columbia Graphophone dropped to new. 1930 low. Bonds firm; U. S. Governiment ' improved. Curb weak; utilities lead decline. Foreign ‘exchanges irregular. Cotton lower; favorable weather. Sugar easy: Cuban selling. Coffee casy; lower Rio market. CHICAGO, June 6 () —Wheat steady: bullish Canadian weather fore- cast. Corn easy; good rains Central West. Cattle irregular. Hogs steady to weak. Markets at RAIN MARKET CHICAGO, June 6 (#).—Complaints of dearth of moisture for Spring wheat both north and south of the Canadian border did much to make wheat prices today average higher. Besides, con- trary to earlier news, late reports were to the effect that European countries were again advising of a return of ex- cessive rain. There were advices,* too, that crops in North Africa were suf- fering damage and that in central and southern districts of Tunis the ylelds of hard wheat this season would be almost nil. Wheat closed nervous 15ad a bushel higher than yesterday's finish. Corn closed Jaals advance; oats, s off to 1g up, and provisions varying from 2 de- cline to 20 gain. July . Beptember December RYE— July ” September December | ; NEW YORK COTTON NEW YORK, June 6 (Special). — Under the influence of excellent weather in the South and unfavorable week-end predictions, the cotton market lost all of Thursday’s improvement and sold at the lowest levels of the week today. Pressure on July unsettled the whole market and that month sold lower than at any time since the latter part of March. Final prices showed a loss of 10 to 20 points on the day. Spots were reduced 15 points to 15.8i Cotton range: L tober. old tober. new December. old. . December, new. January, ' old... January. new March MARKET CHICAGO, June 6.—Following is the complete official list of transactions in stocks on the Chicago Stock Exchange today: 150 Abbott_Lab 200 Acme Steel 50 Adams Mfg 400 Allied Mot ... A e L sfa AR s sunsdznags 1450 Bendix Aviati i B 3 hom s o, SRR i S o _mae . Mo SRS e seue [y 500 Cities Bcrvlcew. 4 o E 2 et Other Groups Reveal BY CHARLES F. SPEARE. Special Dispatch to The Sta: NEW YORK, June 6.—With the stock market shrinking in size uncll daily | transactions are less than 50 per cent | of the moderate turnover in June, 1928 | and 1929. It is of interast to check up on the position of prices today com- pared with those of 12 months ago. It was at this time last year that prepara- tions were being made leading to the biggest era of speculation in the coun try’s history and reaching the highest | i price average on record in September. | By various measurements expressed in | average quotations both industrial and | raflroad stocks are now below the levels : of the first week in June last year. The | one is off about 5 points and the other | 10 points. Dividend-paying railroad is- sues show slightly less decline for the period than those that are not paying off thelr profits to shareholders. Industrial List. ‘Within the industrial list there are irregular tendencies between the various general classifications of stocks. For instance, the manufacturing group is over 25 points higher than in June, 1929. Food stocks are up about 2 points, while the oils are within a point of their average price last Spring. ~Against this is the decline of 7 points in iron and steel stocks, of between 35 and 40 points in the coppers, nearly 30 points in equipments and about as much ‘in the motors. In smaller categories of stacks there are some that show improvement over market values last year and others that have fallen well below the bottom figures of last November. The large list of investment: trusts and trading corporations is still char- acterized by an urusual and hard-to-ex- plain shrinkage from the basic point of liquidating value. They have never fully recovered in popular esteem what they lost in prestige by their unfor- tunate action in the general collapse last Autumn. . "Taking current prices from another comparative basis, that of Jast Novem- Series of Dull Markets Continues. §0hstacles 0 Utilities Hold Up Well. } cent. ber, we find this to be the situation. Between the high level of September 3 and the panic day of November 13, From Yesterda: Two years ago.. Three years ago, SILVER PRICE DROPS TO RECORD LEVELS San ol son, 300 oné peore 2t (333 pire .80 Fabrics 100 450 Greyhound Corp . 500 Gridaby-Grunow. 3 150 Houdallle-Hershiey 5200 Houdaille-Hershey B 50 Ind Terr ... 5100 Inland_Utilities 1880 1 1 Invest ol . 300 Insu Ut In pf 3nd 450 Inv 'Co of An Ma. Manhattan 250 Mid Uni_ war 36 Midland Ut 8¢ and Ut 7 18 Midiand Util 6% SA5SEELNEES 2583885 N &, WS 100 Mus n 600 Nat Elect _... 100 Nat FPam Storés . 180 Natt Pub Serv pf: 50 National Repub In 100 Nat Secur Invest Nat-Standard CABLRES! = AR & Engineerg Util 7% pf. 9 -, S oo en g s e as RBE wwopwe R e s o S & & cscseas T e s FEF 350 Steinite 850 Stone (H O) & Go 50 Studebaker Mail A. 2200 Super-Maid 150 Swift R EEF S S R - e St o Sunpum e 25 s i 14 206100 shares. BONDS. 10472 104 104% 80 (3 60 4. 80% 80'3 Ve i 000, Treasury Reported Not in Market, as 1t Has Adequate Supply. By the Associated Press. The Treasury Department will not go into the silver market at this time, as its stock on hand is adequate for all visible requirements. The metal, now selling at 35 cents an ounce, has reached the lowest figure in the history of the country. The decline in price has been rapid in the last 10 years. In 1918 the metal sold for $1 an ounce under the Pittman act fixing that price in con- nection with purchases from domestic producers to replace silver dollars sold to England during the war. Since the Government completed purchases un- der that act the price has steadily de- clined, until today it has reached the lowest price in the history of American finance. - While officials have been cognizant of the steady decline, no recommenda- tions looking to checking the decline and aiding in an advance have been forthcoming, except from the legislative. Government, where pro- ls have been made to impose & lfl‘:drzmmemmbuwon silver imports. These proposals have been pending in Congress, the first in connection with the tariff bill and the latter in the House ways and means committee as an independent measure, but favorable action has not been taken on them. The Senate voted for a silver duty, but the House rejected the proposal when the first tariff conference report was brought in. Unsettled conditions in China and India are said to be the main causes for the price decline. PR CHICAGO LIVE STOCK MARKET CHICAGO, June 6 (#) (United States Department of Agriculture) —Hogs— Receipts, 21,000 head, including 9,000 direct; steady to weak with yesterday's average; top, 10.50; bulk, 160-270 pounds, 10.25a10.45; 320 pounds, 10.15; packing sows, 9.20a9.65; butchers, medium to choice, 250-300 pounds, 9.908 10.40; 200-250 pounds, 10.00a10.50; 160-200 pounds, 10.00a10.50; 130-160 pounds, 9.90a10.50; packing sows, 9.00a i medium to chaice, 90-130 25 lower; quality very plain; yearlings steady: fat cows, weak to 26 jower; bulls and vealers steady; slaughter classes, steers, sood and choice, 1,300-1,600 pounds, ! 4.00; 1,100-1,300 pounds, 11.50a13.5 1,100 pounds, 11.25a13.50; common anc¢ medium, 850 pounds up, 8.00a12.00; fed yearlings, good and choice, 750-950 pounds, 11.50a13.50; 950-1,100 pounds, 11.25a13.50; common and medium, 850 pounds up, 8.00a12.00; fed yearlings, good and choice, 750-950 pounds, 11.25a 13.00; heifers, good and choice, 850 pounds down, 10.00a11.75; common and medium, 17.00a10.00; , good and STOCK AND BOND AVERAGES By the Associated Press. STOCKS. [INDUSTRIAL AND RAIL STOCKS | ‘ " BELOW LEVELS OF JUNE, lggggSUGARP RflflUflING] PROBLEMS SOLVED Ségging Tendency as Cultivation Overcome in Louisiana ahd Florida Fields. there was a drop in indusirial stocks| of 183 average points, or nearly 50 per | In railroad stocks the fall was | 61 points, or over 30 per cent. At the | By the Associated Press top ‘of the April, 1930, market, indus- Vast and favorable economic dise trial stocl ad recovered approximate- | placement in America’s foreign trade is Iy half of their loss in the September-| promised in developments figels sugar~ November period. Of the gain of 96 points in the average, over 50 points producing cane territory in Louisiana and Florida. had been made since January 1. H.;llro:d" ?lockl. m;anwhilt. };’ldl Heretofore, there have been two seri= made relatively as much recovery, buf had secured the full effects of a more |OU$ obstacles to sugar-cane cultivation confident Wall Street opinion earlier |On any extensive scale in this country-= than zr;]e lot'ner grou;;.‘ During A ;u‘i namely, the mosaic disease and the lack and well into_ May there was steady | ! } Tiaidation in the rails, which reached | °f oo, EI30L capable of ';';‘s'f,‘,’e"",,;,,",':f:& their low average for the year just & |of 'a cancerous plant eczema, has been month ago today. From this level they | almost entirely eradicated through im- have had a moderate recovery. portation of a disease-resistant plant Public Utilities. whick made its advent in 1925 and has i proved highly satisfactory. Dew The position of ‘the public utilities | This comparts iose. faverably with the | con®, Procuced muchi sresier tenchus per acre than the old and costs carlier periods than does that of either {ndustrials or rails, for this group has | P} acre to produce. Lack of a plant. capable of resists been able to resist the general bearish- D o to. Paalt of & commparatively | Lol cotiituted & maice trolisely the medium of consolidations actually | or Agricul toan Bueas ected or - Tumored stage. The | auas o re g e A utilities reached their high average | cioss-hreeding of & wild fiber importéd prices last September, nearly three|from Northern India with the disease= Weeks after the movements in the in- | regist ot i ed Sustrials had culminated. COnsequently | betiary coviataciory . oo HAve prov the comparison . of Dflcesb:n ,fi“s 1%“ 1‘[\ _With Florida's ideal climatic condie. with the high o! ,SF,?"‘m l_'rh ) ,jml!ls ; tions there are vast projects under con-. - A an adequate system of drainage an 80 points, or nearly 55 per cent against | irr gation qtor th)e E\'erghd:! istrict,’ 5“1:‘3”(!‘1’?“‘1“‘311 2 :fi;m::\ibuc e ::’1““' it su‘cce;s{ul.l Hfl%flmwc nvd-uz . i v approxi ely 1, X [~ showed an average recovery of 44 points ubxlm‘nlprl«]:rusur::r r’an" cumvu:lcorx:.! - dLv af the 8 polnte g&evtml{hlotst’- which roEroduction in this territory lhls gone was a better ex at in com- | forward rapidly during the last four B R A Sbcadn o | Hie Yot masiotast: thatn: 4 Toaii L e industrials Ve le ne ‘e n lant. n rQs about 20 points from the high of 1930 | duction amounted pm only 45,000 ng~ and the rails dn;m ‘Ls lp‘(zlmfi from thelr :Am:, which mclreul;g’wnn‘ooo “::4 fols best figures made 1 arch, - an lowing year. n imounf el Umder quotations of a year ago, | 132,000 long_tons, while 1930's the public utilities are within b points | increased to 200,000 long tons. of the top of the movement in them two months. ago and 15 points higher than in this same week in June, 1929. (Copyright, 1930.) America’s sugar consumption amounts’ annually*to 6,000,000 Tong tons, approx- imately one-half of which is now im- orted. Domestic production is as fol- low: Louisiana_and Florida, 200,000 tons; Hawaii, 775,000 tons; Philippin€ Islands, 605,000; Porto Rico. 385,000%" Virgin Islands, ‘3,500, and beet sugar pn‘:;'ifi‘clnon. 1,000,000 fong tons, " o e sugar cane is produce! flv‘% Dl Lo quantities n_other Southern States” principaliy o all byt & megligibly amount of this is converted into sirup., o ) Nearly two-thirds of the total valus of fruits brought into this country in the last 12 months represented bananas: REAL ESTATE LOANS Made at Low Interest Rates | iR & RUTiERFORD - ‘ years. if 5o d for :: 10 esired. 1520 K St. N.W. National 0478 Money to Loan ; ittt SR o mtsione Joseph I. Weller :"-"”:--'i 3 N Rock Creek | Estates Beautiful Home 7 Bed Rooms, 4 Bath: 2-Car Garage, Large Lot Reduced $12,000 Inspection by Appointment ADDRESS, BOX 349-V, STAR OFFICE. INVESTMENT BANKERS PLAN ANNUAL OUTING Special Dispatch to The Star. BALTIMORE, June 6.—The South- eastern group o. the. American Invest- ment Bankers' Association leaves Balti- more this evening on the annual out- ing. The party, which comprises close to 150 members their guests, will sail on the Yorktown, which has been chartered by the bankers, for Virginia Beach, where they will spend two days, seturning to Baltimore early’ Monday morning. Saturday night will be spent at the Cavalier Hotel at Virginia Beach. C. T. Williams, head of the firm of C. T. Williams & Co. of this city, is resident of the Southeastern group of he Investment Bankers' Association. o ‘The Copperweld ‘Steel Co. reports its May sales of wire, strand and ground rods, were- the largest for any one month in the concern's history, and that sales for first five months also established record. choice, 7.5089.75; common and medium, 6.2527.50; low cutter and cutter, 4.358 ; bulls, good and choice (beef), 7.65 cutter to medium, 6.50a7.65; (milkfed), good and cholce, 11.00813.00; mwump, 9.00a11.00; oull teady to strong; moderately sorted, 132.00a 12.50; strictly sorted, 132.75; cholce rangers, 18.00; yearlings scarce: fat ewes, weak to lower, 4.50 down; lambs, good and choice, 92 pounds down, 12.00 a13,00; medium, 10.00a12,00; common, 8.00110.00; ewes, médium to choice, 150 pounds down, 3.25a5.00; cull and com- mon, 1.00a3.50. Nearly 370,000,000° pounds of fish wes \mported ftp the Uniled -m..'iiiil Mackubin, Goodrich & Co. Established 1899 LB AN KRR S Members New York and Baltimore Stock Exchanges eAssociate Member New York Curb Exchange REDWOOD & SOUTH STS. BALTIMORE, MD. v508 H STRERT WASHINGTON, D.G& Metropolitan Life Insurance Company REAL ESTATE LOANS AVAILABLE Long Term Low Interest Rates Consuls EAVER BRO REALTORS * 809 15th St. N.W. District 9436 Mortgage Loan Correspondent Metropolitan Life Insurance Company