Evening Star Newspaper, June 10, 1930, Page 14

A—14 kkx FINANCIAL THE EVENING STAR, WASHINGTON, D. TUESDAY, JU FINANCIAL. CERMAN PAYNENT ;[ NEW YORK STOCK EXCHANGE | |BOND PRLES DROP | [oxsee e BONDS o] [OLD NONEY BASS: - 3 Ivident d 3 " rity Bal . 21 102 Nat Datry 6% 8 97U 9TY% T S ) e Tk ok kB 84% Radio Corp. . 2482 4% i . 213 10218 106 106 f Ability to Meet Reparations| ii3* &* int/Sacm o %5 150" 147 1004 1480 o e o High-Grade Group Resists o 2 |n : 104 104 | Change in Standard of Cur- 112% 105 Intl Silver pf (1) 107 107 109 o Corp - 119% AL o f 7 Radlo-Keith-Orph A 1274 . 141 10616 9 w 106% 106% Depends on Export Fxni) amnzas et B0 waRBitqiton RRSeoICatk C(U). 308 - Pressure, but List \L |30 10831 108 100 100 rency Held Responsible ; 29 be 17% 17% 18 Bay v N 101 1134 s 1064 1067 Business. 3 Bix Tarena Greek Coniy FARF (Al s T Sells Off. * roRElGN. N 49, 110% 110% for Slump. 1ao: o Johns-Manville :1:)).. gas 124‘»% ig}'w i Y Rem Rand (1.60)... _— & Lot Ak 2 1034 103 R . 3 4 Johns-Manv pf ( - 24 pf(8). ¢ rgentinefs...... 1 7Y N BY JOHN F. SINCLAIR. 5% 2 Jordan Motor Car. 2 2w 2% i el BY F. H. RICHARDSON, ATiantios taduii 78 99% Nor Ohlo Tral éa.. 10 100w 100% BY JOHN L. COOLEY, 13% 11% Karstadt (R) (1.02).. 5 % 11% 11% Republic Steel (4) Special Dispatch to The Star. Argentine. May '61. 4 P Associated Press Pinancial Writer. Epectal Dispatch to The Star. | : ‘ 10 e s a8 - acific Gas & E1 6 10214 1024 NEW YORK, June 10—For 12 years| (3% 4% Kavaer Jullug (21). A e e P s - NEW YORK, June 10.—Depressed by | Ay, ? Ja e o |PacT&T st gu. o260 1 NEWEORE Juns 0 -Bigninoant now the world s ?;':h;gp:n 3% Kelly-Spring Tir S o 18 ik 4 a heavy flow of forced liquidation con- Eaynoount :;‘0_17-. 123% dor “g:;m;“ g ;flfisv especl::lly xm the jon—how large & s - 20% 731 . Argent 8 9% 7 ent, are held responsible for the question. 22 Kelsey Hayes (2). sequent on the decline in stocks and 3 100 100 | drastic decline in bar silver to record ermany pay? 7 . 147 Australia 4 Honean O Ycked for the impos- 15 Kelvinator Corp. Reynolds Tob B (3). 14 - faced with a total of $70,000,000 of [ Ausiralia 4336 101% 103% | Jow levels. The immutable law of sup- 95% 6% |ply and demand, in the last analysis, First, she was as 78% Kendall Co pf(16.87) 208 Richfield Ofl (2).... 170 . sible amount of $32.000,00,000. = But % Kennecott Can (3. . 1% Rio Grande Oil (3).. 27 new capital offerings, together with |Australia 6857, o 104% 104% this was merely a political amount=-a | go* (o™ gimberly-Clark(13). 2 : Ritter Dent Mg (18) 1 the $300,000,000 of German repara- | Austria 7 105% 108k | Lt Tk, & S1 | use lie egarded ax ke icauseictiithie fantastic. impossible Sutd gfwessplnn 4 20 Kinney (GR) (1). 1 39 Rossia Insur (2.30). 24 tions bonds as an immediate prospect, | Bank of Chile 6% 96 9 Postal Tel & C 6 5% 5% ';Lump'u‘?m I mehakbethem any nation to pay. The Dawes PIa| g 86% Kinney (GR ) pf (8). 908 Roy Dutch (a1.3415). 26 todays. boud market. gave .way, and|DSNKOLCH{IeE% 9TH 8 Pub Ev0 G 435801 oo el T points is traceable to the os ushered I8 o¢ Germany's “abllity 4 1% Kolster Redlo...... 43 2 Safeway (e5) .. s i . EstavinmBetdiga; b Pub Serv G 4%s'70 23 8 e R e e | For the first Ume Germanys, ‘ab 381 Kraft PhCh (1%)... Safeway pf (6)..... 13 prices dectined in the most active | Belgium fs... 108'% 1034 pynte Alegre 7s. 4 35% 354 mc—;fi"' P re payments. It was the first e : : St Joseph Lead (13). session since March. Bilglumtye. i Pure Ol1 5348 '37. 99% | in the ?22”:5":{,’,‘3,'?hé":-ai"r‘:is";‘.-’é‘d;{,‘i or fu i Kreu s 9 2 elgium 78 a4 e sensible, sane, financial plan agreed to, 3014 Kroger Gr&Bak(n1). o tg:: :r': ;(a:)m u.f"ivi‘?li’.b‘l‘éfl‘éfioé""é? "Zf.eb"?:%‘vlr'fif Belgium 78 56 108% emiBandBAswar a8 E’L‘l‘é ur'rrt:?se ha o e elow; metl after the war. Selis. ki e 200 Laclede Gas (10..... St L Soutnw 7 ment financing. The surplus capital | Belxtum sn. . v ooty 1ooe 100 | forme e e e Again in February, 1920, when the ; ‘ A Bulisccihweatern. .. mmt Soancing, ke surolus oAl poivantacki 794 Staclair Oll 6 %8 % 10235 1025 | formerly ‘on ihe &ilver standard have Joung comImLtes Insisted that 1.0c0,- Schulte Retail Stra.. 30 8 sulfed in heavy buying of outstanding 3 Sl i e R o | o el German delegation insisted that, 1,070, Schulte Retail pf(8). 20s long-term Government obligations 925 923 [ Bneluin Trude 8 e A O At Fioe e e 000,000 marks snoually was all Cier- 8¢ Leh Port Cem (2%). 3 : Seaboard AIr Aine... 12 such as the Liberty 3lzs, fourth 4%s %826 Rav BlosistnBL. O et iin Tl e orie many could pay_-that i, apout Dl 10 Lehigh Valley Coal. Seagrave (e1.20). . 5 and Treasury 33as. . Rasil6s5e 2% 864 : P s e L e S B S LI 000,000, The allies e s this 70% Lehigh Valley(t43%) Sears Roebuck($23%4) 153 High-grade ralls, such as Atchlson . 9% R 1000 100 Dn—;\s, v;r umporis liny lieens i ianilitad could psy two and s helt LINe, Cere 78% Lehman Corp (3). . 9 9 Second Natl Inv 1 Genteal 48 and Baitimore & Ohio firat 1014 Southwest Bell 58 1054 105% Djiune, quAnies of bullionidummediy) amount. Owen D. i theichsb 241, Lehn & Fink (3).... y « 584 Sec Natl Inv pf 4s and other high-class securities like 10214102 | Bcand OfI NIHS. .., & 1024100 00 the maskes Tyt qemanstisation n, finally got both sides 8! 19% Libbey Owens (1). . A Stand Ofl. N Y. 448 97% 97% | Process has been added the greatly in- o f2,050,600,000 “marks Seneca Copper. ... 3 American_Telephone 5%s and Stand- 101 101 Ditocses tias e a final figure of 2050.600.000 rmetis 911 Ligg & Myers B(15). % Servel. Inc. .. ard Ofl of New York 41s were also in 105% 105 | Sus Es Orlent 7 A1 4t fjiSronsmanitodiiotion attendantsunonthe s the average annual payment, starlc 28% Lima Locomotive, 9| 3 Sharon Steel H (2)., 5 demand and managed 'io make frac- 89% 89% | Tenn Cop 68 B 44 1008 300% so0%; | SHSTOUS Guins 1n the oulpwh of We ing 1931 at 1,674,000, 39 Link Belt (2.60).... v Sharp & Do pt (3 %¥.. tional headway against the trend. But |Chile 6s61. 90% 90% | Tenn EI Pwr 6a'47. 12 106% 1064 106w | ofoe Meieis—coprer, jead and zinc, In $425,000,000). toalmioti s 52 Liquid Carbonte (4). ¢ Shattuck(FG)(11%) P o the rest of the prime group, together [ Chile 7s43 101% Tex Corpev ba'4d.. 97 104% 1041 104% | LOCT Words, more silver s available Based o e are. the sum amounts to i S PIRGHE Shell Union (1.40)... 49 : g with the convertibles, junior rails and ) Colombla 6s.7a; 77 Transcontl Ol 6% 53 1023 102 102 | [T, Son be used, consequently the B 1O,000,000,000. Can Germany ; nder i o 93 el : HdntHiales out uncaany) e by S aeanem sanse 7t 374 | A¢ present China seems to hold the 000,000, ; s : 1 | touching new lows for the C ub 1t r s i Ban pay it? 1d question 1 back agatn. Ger-| Gt 53‘: l,:‘!,';.l‘r;' . i Simmons Co (3).... 8 K movement, Czecho 8=°51. .. U S Rubber 7%s. 100% 100% i‘fiifl“’h,‘i‘: ,,?1‘2‘.}‘5,",3"{,. f,‘.;fi‘wi';‘?ifédf,{ The Ol Toay her foreign debt, Hke! g 16y Lorillard (B) Co.... je/Simmepattm (160). Examples of the force of the selling | Danfsh Munic 85 A Utah Pwr&Lt b 101 101 | country which is so beset with political many Wl POy R v the exees of| 3p¢ g% [SS(G)Ce.: 32 HiolaieCamOliEg) . 18] Y were Philadelphia & Reading Coal & | Denmark 41 Utilities Pwr 5%s. i 91 91 |{roubles that consideration of economic ot exports over her imports. If shel 5y 384 LouG & EI(A) (1%) 68 39 Skelly Of1 (2) ... Toh O Oven Ok poine bfiluv:hmmp{:: Denmankies Walnonthifa) 0 o 1% 91 {iproulems’ apparently; must await it B e ooy, worth of £00ds & Ye8T ( 1581s 138" Loate & Nash (1) s Skelly Ol pf(5). .11 Gures, 5 points off from thelr recent |DET83%s. Moh.'s2. 10 103% | Nevertneless, Chima: has. taken 't Joust 103 103 |one step toward a solution of the silver 109 109 |impasse. Early this year she established 100% 101 [a new gold unit for payment of cus-" QAnoe Sasamn »3R% 2 cars O R NS AT~ AR wRAn ~BA NS D s the same amount, she Will| “g:{ "38 Ludlum Steel (2)... M . ;\23 x{;fl;;le‘ to pay any reparation, Un-| 394 28 Mac And & F (12.85). » 5:::::;:§;’:::.g y: best price. National Daify Products |DEI5%s Nov'53. Jess she borrows the money outside. If] 50 40% McCall Corp (234). . Solvay Am pf(5%). 3 | 8%as, still influenced by heavy reselling | Dutch East Ind" 47, she buys $100,000,000 a year of goodS| ggi, 61 McKeespt T Pl (15).. i Sou Porto Sug (1.40) of bonds issued in the Kraphene Cor- | Dutch East I 6s 62, and sells $200000000 cutside, she will| g7 24 MoK AonRoste Buei(T40). %f:f“i,‘} B‘o‘f‘f;:sehré;% m’;d;lrs.!ééfi};.fi'; v 00 to pay debts. 49 41% McKes & Ro pf(3 b 9 - B iehly s the it s ) e e in price. Rubber company credits were ughly is the situation. 201 14 McLellan Stores. ... Sou Dairles,A (1%).. nd 7 prasepatites S T e three years, 1921-20, Ger- 654 Mack Trucks (8). 684 66 A e e « | weak. =Second-grade ralls were thrown | Framerican 7i4s RAILROAD: Part of the allver surplus in Ohiia 8815 % 66% O I eht ‘more goods outside than | 1501, 125 Macy (RE)&CO1Z) . onto the market in large blocks. French s Atchisonad) 4s. ... 90% 9014 | came from India. After the establish- Ty e Hence she could not Pay| ‘15t 10% MadisonSqG (1%). 14 5 While there were isolated points of Atchison gen 4s 5 94K 9414 941 |ment of the gold standard in the latter e srations, unless she borrowed di; 52's 321 Magma Copper (6).. ‘ Spalding (A G) (2). . 3 strength in the foreign department, the Atch deb 4158 °43. 130% | country a large part of the treasury Toney. That's exactly what she Ll 12% 6% Mallison & Co.....s. Spang-Chalfant. . liquidation had emphatic effect here as Atl & Dan 2d 4s "48. 4 14 | silver reserves found its way to the No nation can beat the gun—it can-| 5o 15% Manati Sugar pf.... Sparks Withngtn(1). well. German reparations 7s sold a & Atl Coast L 1st 4s.. N northern republic, which has recently nox gvercome ccanomic Jaw. Germany's 14 MaNetih . A ot . o point below their high of last week, 86% 86% |AtICL4%s'64.... 10 99% 99% 99% |been selling the metal and also ex- condition will remain financially healthy 29% Man Elev mod g (d5) Spencer Kelg (1.60) German Central Bank 6s were off over |y, oo s . 4 94 93% o4 |change asa result of a prospective drop Only when she is allowed to pay in 15 Man Shirt (2)....... . Spicer Mfg. .. Y point snd Belgian, Japanese and |palti6e... . - e 15 100% 10014 100% | in the amount of rice avallable for ex- Teparations the excess of her forelgn % 5% Maracaibo Ofl Exp. . ‘ Spiccer MIg bf ( Central European obligations lost | o and AT ¢s. 100% 100% .1.136 102 101% 102 port. T foreign purchases. X 171 Marmon Mot (h50c) . . Splegel-May-S (3). ground. ¢ loa 192, | In the first three months of this year sales over he - 42% Marshall Fleld (3%) Stand Branas (134) 3 > The new issues included $50,000,000 [ Irish Fr k. 8% 28% H :?‘2: 10314 103, | the trend of the silver movement in “we're tired of having the cow fed in 871 M on Alkil 13). Stand Comm Tob. Canadian National Railways 4%s, priced | Italy 7s. .. 200 99% 98% 994 2 1% India was reversed and imports showed Minnesota_and milked in New York: 47% May Dept Strs (n3) 4 Stand G& E (3%)... T ; | at 99 to yield about 4.85 per cent; 100, | italian Pub Sve 7a. 96% 96% oy 10416 104 1041 | Calin over the first. quatter of 1930, said E. W. Decker, president of the 16% Maytag Co (12). Stand G& Epf (4).. 000 shares of Electric Power & Light | Japanese 514s65. . 4 190% 191 a2y, 93y 93y | This rather curious change was appar- Northwest Bancorporation of Minne- 29% Maytag Co pf (3). 30% ' Stand Gas& EI pf(6). % 6 per cent preferred at 10012, to yield | Japanese 6%s..... 13 103% 103% i 10314 103y | €Nty due to speculation and to accu- ¥ apolis, in_a recent article on banking 26% Melville Shoe (2). 37 Stand Invest Corp. 3 5.95 per cent, and 60,000 shares New | Jugoslavia Bank 7s 83% 84 = 87 g7 | mulations made prior to the levying of policy. “We have paid tribute to the | 23y 1215 Mengel Co (2)...... 38 13% 11% % 7 4 Stand O of Cal (2%). 110 England Public Service 6 per cent prior | Karstadt s *43 79% 179% | Bang&Aroos 4s 7 the import duty which has had the ef- Fast from time immemorial. You would 176 Mex Petrolm (132).. 30s 180 180 Stand Oll Exp pf(5). 1 $ lien preferred, priced at 91% to yield | Kreuger&Toll £5 cf 964 963 | Boston & Maine 6s. fect of protecting the large silver hold- be amazed if you knew the percentage| 37 16y Mexican Seaboard... 224 26% A i 4 Stand Oil of Kan (2) 384 6.55 per cent. Brdwav&Tth Av b 4 17 ings of the natives. The recent gain in of our wealth that goes out of our 17 Miami Copper (4)... 19% Stand Oil of N J(12).1068 3 WERED. Socge i i d Lyonsés....... 1083108 | gIWATaIth Av . purchases by India, therefore, would State every day into other hands for 53 Michigan Stl (m2%) ™ H Stand OII N Y (1.60). 167 . 4 Marsetlle 6s. . 16k 108001 B o b seem to be temporary, and 5o it is to™ fnancing, insurance, interest and in 40 2815 Mid-Cont Petm (2).. 26 Stand Plate Glass... 1 Washington Stock Exchange |ex4s190sasna.’” 1006 105 | BRI s e 9% | China, the other large user of silver, that i ew o & lan 1eel e 3 3 Starrett 2 - o lan s . % 91% couragement, & g:mixsm:t;d”zd for New York or Chi- 60 Minn Hon Reg(133%) 4 S Sterling é’.‘f:fl . s % : | washington Gas 55—$1,000 at 102, | Montevideo 7 10114 1013 | Can Nat 4%s 4. ;| fculties, A e i cago—and it is not good for us.” : B 12% Minn Moline Pwr... Sterling Sec pf(1.20) $1,000 at 102. Netherlands 6s *72. 104% Can Nat 415857, 95% Since there is no prospect of a shift The unmistakable opposition of the 72 Minn Moline pf(6%) 8 Sterling Sec cv pf(3) Washington Gas 6s “A"—$100 at 101%. | New So Wales 58. . a4y | Can Nat 4368, 9 95_ | toward a resumption of subsidiary silver to New Yorks ?,%fl'é‘élmogoé 54 MSI&SSMIs (O 10y 5 | Washington Rwy. & Elec. 45—35,000 at | Nord 6%s = a5 oD NAUBATIuLEEN ST ORI 01K 102 coinage, the problem of extending the evident. P v 3. No: 3. g el 4 % 1024 | uses of the white metal iV - O e to be & fear of competition | 66w 46% Mo Kan & Tex (1)... 106 42 431 Studebaker Corp (4) 3 O i Traction- -3/ A5 885 10786081 | Noraa o 98% | Can Northern 7 € 110% 110% | siderabla” attendion. Normsig, fhe. e from New Yor., but from the present| 108% 103 Mo Kan & Tex pf(7). 2 105% 104% 105% Submarine Boat, 4 », | Potomac Electric 5% % pfd.—5 at 1074, 3 Can Pac deb ¢, “ BTle »7%| dustries and the arts absorb 20 per cent get-up in finance and business, which 3 80% 76 80w Sun Ofl (11). ... 2 627 10 at 107. i 3 CanPacd%s'46 .. 22 99% 991 99%|of the world’s production, but recent allows the New York banks to dominate 2 128% 128 128 Sun O11 pf (6).. Washington Gas Light—S5 at 135. Norway 6%s 2 2 | SaD Pacific cefs 5 102% 102% | developments—largely the result of the field. 0 coeie 15020 19% 19 2 Superior Ofl. 06 v Security Savings & Commergial Bank— | or, e 10215 102'¢ | sclentific research—have indicated that The two large banking groups in the 47 Monsanto Ch (g1%) 8 lor St 10 at 482, 10 at 482 12 rient dev 51 68 3 % | Car Clin & O 6s'52. 108% 108% | these markets are to become larger co Northwest—the Northwest Bancorpora- 36% Montgom Ward (3). n Sweets of Amer (1) Mergenthaler Linotype—10 at 1003, 10 Cent of Ga 5sC 59 100%: 100% | sumers. The motion picture industry's tion and the First Bank Stock Co— % 3% Moon Motors 7 Symington. . 2 4 at 1001, 10 at 10075, 10 at 10015, 4 at 25 Centof Ga Sk, ... 5 105 105 | utilization of vast quantities of silv were formed to counteract just such a 58% Morrell & Co (4.40). Symington (A)..... 100%, ‘10 at 100, 10 at 100, 10 at 100, 2 Cent Pac 1st 5s ‘90 103% 047 | salts and the introduction of silver sol- tendency, say their spokesmen. 2 1% Mother Lode (20c).. 4 Telaut Corp (11.30) . 10 at'100, 10 at 100, i 5 ¢ 2 Ches&Ohto Corp 6a 25 100% 100 100 | ders, as well as the discovery of other No franker statement has been made 4% Motor Meter G & El Tenn Cop & Ch (1), g Real Estate Mtge. & Guar. pfd.—50 at 7. ! Ches & O 4348°93 A 98% 98X 98X | practical uses aside from the consump- any Western banker as a basic rea- 50 Motor Products (2) 4 Texas Corp (3)...... 122 The Carpel Corp.—b at 24, 50 at 24%5. 9Tl 9 Ches & Ohlo con 65 : 10834 ] icn Tont Fablaware, ate (e parta i by n for making a change in the North- 26% Motor Wheel (3) ; Tex Gulf Sulphur(4) e 4 i Chi & Alt 3s. . 2 6 G el Srestern banking set-up, than that made 12% Muilins Mfg. Texas P C & Of1 4 AFTER CALL. Poland 65 *40 Chi & Alton 3%4s. .. S €5' | demand. Incidentally, the slump in the by Mr. Decker. 4 MinsEmas (8 i E Texas Pac Land Tr. . 4 4 Potomac Electric 512 % pfd.—3 at 107t | poan4 18 (ret) Sh&Mltatsctts. & 65 65 65 | price of the metal should stimulate these B. M. Anderson, the Chase National 35% Myer(FE) & Bro(3). " The Fatr (440) oo, " Fotomas “Blectic. 'Cons. 3581000 &t 95% | M1 & E 111 gn 6n ) 7 o, GGl it Pank economist, believes that a sm;’ll 3 5 b 21 TharmoiNCo (3) 20% 1 2 26 Xt 6 2 :mvu.]m; Chi GreVest 4s ‘53 ! o nk consolidation movemen! o 3 Third Avenu Merchants’ Bank & Trust Co.—3 at 125, | Queensland 6 i fu'mn for the increasing number of Third Natl Inv (3). Mergenthaler Linotype—50 at 100, Queenland 78 6 521 ::t!fi:f;f 4‘;’: ; 3 Markets at a Glance bank f-ua;es fn ey ;lull;‘ll gf;:z"i},e ;:vmp GR) a0 5 Riggs National zm‘nkfimmn 4135. 5 |Ehine Wat EP¢wsy Chy M&SIP 4% 89 30 such a E lompson Prod (2.4 pre "2 2 & nv. pfd.—100 at 4%, ine West6s '53. . I1StP. 75 p A nofio:;m!vr&nmives‘ committee on 71 N ) Thompson Starrett. . N?}S’S'LM.&? % 2 | Bitas et b tani (c:stfol‘" e 7 5 NEW ¥ORE. June 10 (8): Stooknite. banking and currency, Mr. Anderson 142% Natl Biscuit pf (7). . Thomp-Star pt (334) i Rio de Jane'ro 63 SR ANskON regular; speculative issues touch new conceded that State laws permitting ex- 53% Natl Cash Reg.A(14) 4 ¢ Tide Water As (60c). BONDS. Rio 1e Jan 8s 48 .. Chi NW 4352037 . lows before rallying. fension of branch banking probably 45% Natl Dairy (12)..... 1 Tide Water A8 pf (6) 3 . Rio Gr du Sul 6 72% 73 | Chi& NW con 4%s. 24 1014 1007 101 | Bonds steady; trading volume im- would help the situation in several 18% Natl Dept Stores ( 2 Timken Det Ax(80¢c) Bid and Asked Prices. Rio Gr Du Sul 8s. . o1 |Ch1& Nw 6%s..... 1 109% 109% 109y | Proves. Curb irregular; pivotal shares States, but added that “x lufihb:l:'! gzw ;u:: gtmn:lruz(; 4 S 64% Timken Roller (3)... 6 6 PUBLIC UTILITY. Rome 6%s. 1 (C::c':gn Rwys b 15 Rl XL rnllls; nmrflurlyphwflneru- l’;re‘x‘zn ¥ national nk- Na eling . 6 2% Tob 3 " Bid. 3 . 8 8 C! 1&P gn 4 2 1 % , | exchanges firm; French franc - ;;".gi‘si%%ufiimge e D od 1o allow | 189% 187 .Natl Lead (18)...... Mabanco Froihoins: Amer. Tel. & Te 3. 100 :’”D“"’"‘“"" i CRIRIAB I ot o 2 ‘|mand. Cotton steady; unfavorable pational banks to do what the different 138% Natl Lead pf(A) (7). Transcontl Ofl (30c). i . & Tel 4las 165, s" ;'“10 s .. ChiRIcv434s60..140 100! 100 Western belt weather forecast. Sugar® Btate banks are allowed to do. 116 Natl Lead pf(B) (6). Transue & W (1). 5 2 > 1 Poi. R R. 58 Wb (5| StaTsulorse ChiRkIsl4%sA.. 31 95% 95% 953, |€ASy: poor spot demand. Coffee lower; On general principles, however, Mr. 32 Natl Pwr& Lt (1)... 3 2 Trico Prod (2%). Ang. & Pot. : 9% 4 | Saxon (PW) Chicago T H bs. "3 951 954 95| trade selling. Anderson opposed the extension of % 101 Natl Supply (). Tri-Contl Corp. 8.9‘:1 i. R, 9213 931a seesee 107% ChiT Hinc6s'60.. 10 88% R8% 8x% “branch banks for trade areas.” 70% Natl Surety (5). 3 City & 8 Bdly Chi Un Station s 2 104% 104% 104% | CHICAGO, June 10 (#).—Wheat , i i % |Serbs-Crot-sio 9 rrect the conditions governing the 30 NatlTeaCo (2)... y ) Georgetown Gas 1st 5s. 6 Chi Un Sta bs ‘44. 1 103% 10315 1031 | easy; forecast beneficial rain, Canada. small country banks, and the problem 43 Nelsner Bros (1.60). Botomac Elec. cons, 8% . = Fb LR 4 103% CCC&StL4%s (E). 20 97 97 97 |Corn easy: fine weatHer. Cattle steady. is solved to & very large extent. is the 17 Nevada Copper (1%) 3 % Twin City Rap T (§4) WS Al OVer. & | Swissbis46. ... 5 :3:: ClovTerm4}a 7. 19 99 ok usy | Hogs lower. opinion of this New York banker. S awinBinlls) Twin City R T pf (1) b o & Annap oo 1065 10an Clev Torm | §108 105 105 ol T Buit Controller of the Currency J. W. 40% N Y Alrbrake (3.60). Und-Ell-Fischer (5). 8 Series B it ‘ 100% 100 Cuba RR 6536 cifs # 804 804 80 MONEY MARKET. A e o e tion of pranch 165% N ¥ Central (8). 4 169 Union Bag & Paper. . 3 3 . Rwy. & Elec. 4 86 100% 100% Cuba Nor5%srcts. 17 6274 62% 62% Pole, defending 144 112 N Y Chi&StL (6)... Union Carbide (2.60) 4 75y % T 5 *| NEW YORE, June 10 (F)—Call banking within trade areas, maintains : Union Ofl of Cal (32) 12 3 MISCELLANEOUS. . T 17 Del&Hudistrf4s 1 93 93 93 |money steady; 3 per cent all day. that_instead of centralizing the bank- gl ST ¢ et Sl 4 4 : s, Inc. 628 2 - 404 904 Del& Hudcv5s'36. 1101 101 10 Time loans steady; 30-60 days, 3 ing resources of the Nation, his “trade N eemc e . : 1 220 X 3 sl 104 108% Den & Rio Gen 4 . 7 96 u6 |90 days, 3-3%4; 4 months, 3% prea branch banking” plan would wor B : Ulleraa e 2 bc » £ i . z101 101 Den&RGW 435 '36. 12 - | months, 315-3%. B vty opposite, He says: M, ’ At e Uruguay 6s '60 97 96 Den&RGW 65 '65... 51 & Prime commercial paper, 31%. “The establishment of origini Utd Biscuit (1.60) Vienna 6s 87K 8TH DR G&Wst 68’78 4 Bankers' acceptances unchanged. States 2‘;:33‘ JZ:’&‘:“‘.‘,,’S ?:uly ngfsgz bank o eus e ‘n!_-,i 2 NS0 o e g?:::'é&’.‘. 2 STOCKS. Warsaw 78°'62..... 5 7% 6% Erte 15t con 4 2 874 3 ' eam 18t pf ( . s 2 s PUBLIC UTILITY. Crie gen 48 6 52 81w fmanagement clgeer 10 the oIS | 265 226 Norf & Western (10) 3 Utd Corporation. ... 2541 % 40% 7' | Amer. Tel. & Tel. (d9). .00 1 MISCELLANEOUS. Erfe b3, 1967 17 9414 PATHE BOARD RE-ELECTED. h B hich they do busiziess. S ot antace (40) : H United Corp pf (3)+. 5015 | Sapital Traction. Co. () AbItiDI P&P 5563, 16 Kot 85 85 | Brie ba. 1975 41 94y NEW YO - ' o e o amsh A (AD 5 4% 94 RK, June 10 (#).—The board s ng i certain trade areas SstioEtRiA B VIALION. e el W ghe Tt 1 ram&Straus 6% 10 106 100 Erfeconv Ex7s.... 1 100% 100% 100% | of directors of Pathe Excha b e, e ranch banking inctitu-| 57 51 North Amerpf (). Utd Fruit 4) 6 4 NoEw s w. 1 o | Alleghany Cp 6a ‘44 15 100% 100% TSCE Rathe EXOUADES; T, or thiee great branch banking institu 7% Northers Pacifio (), . % 3 & gle: e e, 111" | Alleghany 654 100% 100 FlaEastC8s'M4... 1 51% 51% 51% | was re-elected yesterday by a vote of * tions throughout the coantry, there Lyt gl ol L Nl 10 MGk Ieuts) g § . Bie: Fower 373 pid 07 ° 107% | Allls Chalm 6837, 1 1014 10134 | Gr Trunk st deb 6s. 15 105% 105% 1053 [ 5,619 against 991 for the ticket of the would be many strong and greai bank- | £ 1% No'GerTioya (as). 3 - Uta el Rt} 01 101 oL ‘ ) o Am Agri Chem 735 i PR 11016 1101 | preferred stockholders protective com- ing institutions developing %2 Northwstn Tel (3).. 408 Utd Stores (A)...... 3 Wash', Balio. & Annap. coim.! Am Chain 6s'33. 101% « | Gr Nor 4148 '76(D) . 13 98 yy |mittee, which thereby lost a fight to gvery State in the Union. TR % Norwalk Tire & Rub 12 } Balto. & Annap. pfd.... +| Am For Pwr 5s 2030 Gt Nor 4148 E w! 74 97% 97y | Bain control of the company. The lat- .h‘f°“°§'3§“t'fii’“§onf$&§fl' of credtt, 9% Of] Well Supply 2 « 3 - b = o - NATIONAL DANEs 0 :: ::fi gn 55“:,' 5 S‘ :wm"" H s 100 gr‘?m]fit nd tg"dfe S Rgcméf nA . s. 3 4 3 p > 0. ‘or t Northern 6 ;| Rowland and the former isha however, but of management and & 86 Oil Well Sup pf (7). .1508 89 W 72 72w 72| Qepla K igy0cn et 5:- | Am Metal 5348 24. . 6 Gt 1) How 110% | walker of the Bancamerica-Blair in- more effective, sound, efficient and pros- 18% Oliver Farm Equip.. 55 S Alcohol (17).+.+ 2% | Eomiertial wiaimedi (10)10 30 435" | Am Nat Gan 6 w3 : Greent & W ash;. 2115 271y 271y | terests. Praous management woud resal, © 3l Ollv Er Ba v pi(d).. 11 e e res. B e o 20 |AmSmit& R 1at 63 ; Gulf Mo 58 (B). ... a9 991 | = pt e ':S?é;‘\’i"'adm?: st the. e 43" Oppenhm Coltins (5) 1 Laather oy S 9 n (2 as 1om 5.‘;‘.;';::‘;. o 03% | Hocking Val 43 99 ot IR b . Netropolitan (141 E A died : ; 5t 10675 1051 n't yet arrived for any legislation 63 Orpheum Cir pt (8). 1508 v g o Metropolitan "{ o 30 Hud & Manadi§ B0 8L | Ore Wasn it en.. 30 9in 91 sin the “subject. 674 Otis Elev. n(2%).... 58 : 32% 1% |Secona (9eill: ; = i 29% Otls Steel (2% 27 Fipe A lst140, Washinston (i3) 0 N1 Cent 45753 ... i 89% sgy |FeMDR4%e1970... 14 964 964 U6k Lower costs of raw materials and 50% Owens.lll Glass(n4). 1 Rubb, 89 1. 00% @ TRUST COMPANY. i - 7 3 1004 1001, | Benna con ¢3% 2 101% 1014 101% mproved manufacturing methods are 52t Pacific Gas & E (2). 40 63% Ul heracntes | 10 . Amer. Sec. & Trust Co. (18) 1014 11l Cent 634s. . 9 109 109 | Fenna 4%s 63 100% 100% yesponsible for_another 5 per cent cut 72 Pacific Lizhting (3). 50 87 Smelt Ref (334). 2 2 Confinental sy (8 st 12 .| Am Wrtg Pa 6547, 81 111 Cent Chi 4% s 73 973 97y | Fenna gen b8 ; 108% In tire prices, announces P. W. Litch-| 30 21 pacific Mill . Bos e 1a: o0t | Armour&Co 4% #'39 9% < | Int Rapid Tran 6hts 6 103% it 23 2 Steel (1)....000.101 56% 1617 | National Sav. & Trust ¥eld, president of the Goodyear com- 118% Paolfic Tel &Tel (7). 50s 1394 138% 138% U 8 Steel pt (17, : Prince Georges Bk. & Armour, Del.53%s. . 8308 Int Rap Tr &s stpd & 66N % 109% At Guif 68°69..... 75% 754 | Int Rapid Trans 85% 57 |Eeoria Elst4 16% Packard Motor (1).. 574 15 16% U S Tobacco (4). 3 6 ge | Qoion Trust (85)..c.. ¥ ’ e el L el Atl Refining & 102 Int& G Nor 1st 6s.. 25 103t 1031 103y | Eere Mara SAVINGS BANK. BelliTas, Pu.8n (2) Toi Int & Gt Nor ad) € 797 7914 | Pere Mara any. The talk in Wall Street continues 51% Pan-Am Petrolm. Univ Pipe & Rad. ... fhat the four largest rubber companies 501 Pan-Am Petm (B).. . Util Pwr&lit A (e2) tL 58 B #n the United States—the B. F. Good- 44 Panhandle P& R. i Bank of Bethesda (61)... Bell Tel Pa b3 (C) 1074 Toka Caxtenl7af ¢u 5 8" |BCCAStL 8 B T8 Bich Co., the Goodyear Tire & Rubber 48% Param’nt Publix (4). 31 VadurcoslescomD, ¢ e hineton (1) ... 3" | Bethlehm &tl pm 3 1024 Kan Clty FtS 4 6% 963 | Port RE e . the United States Rubber Co. and | 353 201 Park & Tilford (33). . Vanadium Sl (14).. 815 ° i R e it 10 Sagcityos g % 96 | Port RL 68'47.... he Pirestone Tire & Rubber Co.—will 215 Park Utah Van Raalte 1st pf... 108 + | Security sav.’ & Com s At e 108 (78 | Reading gen 43 A in with the Dunlop Co., England’s 124, Parmeles Trans 1% . Vick Chemical (2%). 10 46 Seventn Sireet (). 3 Certn-Ta 6%s rcta. - KanClty Bouse... 13 101% 101 1014 | pogding C ¢a b1 iggest company, and the Michelin Co.| 9 2% Pathe Exchange. ... 5% Va-Car Chem . 19 5% b Washington Mechanics’'{ ot 964 b et 13 W8 1% 92 | pio West ool 4 ¥ o Va-Caro Chem 6% bt 17 5. May 63 1023 ake Shore 48 ‘31.. 100 100 ghe largest in France, to bring about 5 Pathe Exchange (A) Gom renLval ; RIATk & L 4%s, ore stabilized conditions in the rubber 18% Patino Mines....... 1 0K YallaEnE oEL). f e B el it L 956 ot So% 85| e LIMasE dustry. EYE saris i M stcr O 5 ‘ - o b it Gorcoran g a 5 o $5 | Cen vatley 5820 1085 10805 | STL M&S R& Last year the rubber-produced prod- 261 Penick & Ford (1) 3 44% 49 Vulcan Det A (4)... 108 90 Firemen (8)....". . 4 R 4 108% Bcts in the United States were valued 63 Penney (J C) (3) i 631 631 ¥ dlosn Datinipeied). d00s Hpin o e Rl A n e s Kl e, 4Ub%.96% Bt a little more than $1.000.000,000 or 4 8% Penn Coal & Cok: B 81 5 Wabash ’ TITLE INSURANCE. Qs gar 3u 95% E S 30 times as much as the annual pro-| 12 6ia Penn Dixis Cement. e 7 R 8 E a’nmorx ) 2 2 2 Columbia (6, Y S .!:M 107% 074 | L& Noys " 2 105% 108% 108+ | SLL&SF gen 6831, uction 30 years ago 4 72 Penna R R (4) : Uh T4 T4 r 5o S 5 . N e e mubber prices have reached | 325~ 230 People's Gas. Chi (8) 15 203 280 208 2% 2 C e 88 Title & Inv. Co. of Ma.'com.. Donner Steel 7a #1034 103 105 |ManRy 1st4890... 9 51 504 51 |Syimw eries he lowest point in many years. This| 164'; 141% Pere Marquette (t8). 1 131 131 131 21% Ward Baking (A)... 40s MISCELLANEOUS. Duquesne 433 ‘7. 100 | M1l El Ry&Lt 4 1100 100 100 Lu-sr cut in the retail prices will doubt- | 101 94% Pere Mara or pf (5). 1108 1 Ward Baking (B)... 91 Barber & Roa, Inc. com...... ] East Cuba Sug T%s 70 | Mill El Ry&L 65’61, 23 101% 101 101 fess have some effect in speeding up| 27% 254 Petrol Corp (1%)... 92 58 Ward Baking pf (1). 1 3 b Daley ofd. (s %% | Fisk Rubber s 75 | M StP&SSM con 48 90% 90%| San An&Arn P Bny world co-operative urge that’s in 34% Phelps Dodge (3)i.. 9 Warner Bros Plo (4).1252 D. © Paper Mfg pfd.. .. h Gen Cabl 87 = 87 |Seaboard AL ref the air, 50% PhilaCo6% pf (3).. 2 War Bros P pf (2.20) 0% ) Biat. Natl Bec; ptd. ((LEPA 3 i u-m ;“ci . 99% A " 101% 101% | Seabd AL adj b BCopyrisht, 1930, by North American Yews- 11% Phila Read C&1.... 113 Warner-Quinian (1). ] Emer. B s Gen Pub Svo 6% 0 T | 88 88| Seanoard AL en paper Alliance.) 8% Philip Morris (1)... . 1.301) e 8 100 | M K&T pr In 6s(A) 102% 102% | g B All Fla 68 '35 A. s e 29% Phillips Petrm (n2). 4 P F - So. prd (8 Gl bl e R R 106 5} Mo Fucifle gar4.c: 9% 7876 519 || §00 Bac et niie: A)... 3 4 ster-Eisenlohr. , T ) sbintathosgle A L 97% | Mo Pac 68 F *77.... 4 1001y 100% H v by g 4 2 i 7 L 01005 Goodrich 6%s. 4 106% 106% 106% | Mo Pac 53 G *78 100:: 1000:‘ ol o FOOTWEAR PRODUCTION 69% Plorce-Arrow ot 16). Wess oll & Snow (2). Merén Frans. & St ptd, (7). 14 | Goodyer barcts.... 41 941 93% 93% | Mo Pac 538 49 cy. 1008, 1085 | o e ) FIGURES ANNOUNCED! 20% Plerce Ol Df. .. 4 3 g 1 5, U, Mige. & Inv. pfd, . Humble O & R b: 3 101% 101% 101% | Mont Trm ref 6s'41. 98% 98% - i e g 2 Plerce Petroleum. .. 112 :‘nn fcnn gl n!tn.). | Est. M & G. ptd “(8i.... |7 ‘s | Humble O& R6%s 9 101% 101% 101% | Nassau El 48 51. .. 5 5 the Associated Press 1 Pillsbury Flour (2). 7 3 est Penn Pw pf(6).180s 109 % 3 e 1li Bell Tel b8 % 104% 104% | Nat Ry Mex 4s°77. 6ta 6 % Production of footwear in the United | 42% Pirelll of Italy(3.14) 2 Western Dairy A (4) 2 46 6 e e S T SRR Intl Cement 1o oo ot IN Y TaMbne 5 ¢| Term Asso SL ¢s.. Btates during April amounted to 28,- v, 54 Pittsburgh Coal. ..., , % Western Dairy (B).. i ieh 4 Intl Match 63%47... 17 100 99% N Y Cen gen 3% : 80 80y | o & FacssBa7. 877,523 pairs. This total was announced % 17 Pittshgh Screw 1.40. 3 Western Md. .. 250 2 267 4 B e e { Y C P 961, 9614 | Tox & PacEaC'79. by the Commerce Department, on & 9814 Pitts Steel pt (1)... # v Western Pacific. .. .. 22" 3 o | nmduand & Intl Paper 53 '47. 894 89 s e e et basis of reports from 1158 factories, 204 Pittston Co (37%¢). 4 s Western Pacific pf.. 3 2% gom o Intl Paper 92% 1 98% 9% 98% 2 sepresenting approximately. 95 per cent| 34w 25 Poor & Co (B) (2). .. % .2 2 9174 Cenrfim4%s. 48 1001 9915 9914 e LaP S ©of the country’s production. The fig- 4 59% P Rican Am To A(7). 4 500 ext 6% et 1 Intl T&T 4%s cv 17 Cen ref b .12 107% 107% 1075 | 7O TF gy wre represents en increase of less than | i2 PRicap AmTo (B). 22 16, 5 2 - Int] Tel&Tel 68 984 CenLSel3%s. 3 79% 791 79 | Ulster & Del 45’52, 1 per cent over the previous month, but 43 Prairie Ofl & Gas(2) 4 ‘ ‘ u 1064 106% Ca&StLdebds. 14 100 100 100 |Union Pac 1st 4 2 loss of 1.7 per cent from the same 48 Prairie Pipe L (16). & 3 . ‘ Ca&StL4%sC 21 974 97 Un Pac 1st ref onth of 1929, 7% Pressed Steel Ca 8 Westvaco Chlor (2) ODUCTION. 1 100% 100% C&StLE%sB 5 1073 107i4 107% | Unlon Pac ¢ 1 Production for the January-April pe- 52% Proc & Gam ‘ " . Wextark Radio Stra COAL PR! . [ 102% 108 C &StL 68 3 7 102% 102% 102% | virginia Ry 1st 88 v od of this year amounted o 109,935, s 6% Prod & Refiners. .. White Motors (2)... 1 % By the Associated Press. 1034 103% 81 81 |vaRyaPwr : 2°2 pairs, a decrease of 4.6 per cent, as 31 Prod & Refiners pf. . 34 84 3 White Rek MS(143) 3 Due to_the observance of Memorial " 83w 83u | N s 8 E e . « mpaie. vith the corresponding period | 123 . PubServ.NJ (3401 316 108 1024 107% White Sewing Mach. day at many mining centers, production | L1Ek&Myers i 100 106 BT 'hger | Wabash 43878 ret of last year. s 9 Tptwi(s) 3 9Tw 9T 97w Wilcox O’ & Gas. .. . of bituminous coal during the week [ oo™ . g v w475 | Wabash & Massachusetts leads all other States 9 NJpfeb). 1 9T 97T 9Tn 22 Wileox Rich,B ctfs 2 2214 2216 ended May 31 fell off 678,000 tons, or a 2 98% 984 | N X Wabash 65 76 8. with a four-month production of 25,-| 112% 106's PubServNJpf(6). 3 1124 112 112 % Willys-Overland. % 7 decrease of 8.2 per cent over the pre- 89% 894 e Wabash 538 76. .. 241,163 pairs, or aporovimately one- 143 PubServNJpf (8). 2 156% 1561 156 3% Wilson & Co. . vious week. The output for comparable o 93% _98% ' 1 1083% 105% 1053 | orten Mads. .. fcarth of the total. M-w York runs s| 112 107% Pub Serv E&G pfi6) 1 109% 109% 109% T Wilson & Co (A). R foliows: Lorillard (P) 78 109,100 - | Not Pasifie 6w eD), L 1084 1061k 1053 {veme MA STRG c nd with n54, followed | 89% 73 Pullman Corp (4) 34 72 0% 72 42 Wilson & Co pf. eek ended May 31...4. 7,504,000 tons Manati Sugar 7%s 644 644 f West Pacific 5 2 i with 16,090,244 for the four 8% 1% Punta Alegre Suga 11 1% A% i% A b A e i Previous week .. . 8.272,000 tons McCrmck ER 6s'34 101% 101% | Ogden&LakeCh4s. 3 81 81 81 West Shore 4 X 274 214 PureOfl (1%)... 15 221 22 221 28K Bame week 1ast year... 8,547,000 tons Midvale Steelbs... 101% 1014 Ore Short L con bs. 104 104 |toms. How soon she can go further Youngstn 8 &T 6s. . 102% 102% 102% |Seems problematical in view of her - cgaacacaaae wnnnnnRLBR 8 91 Gnwa =Smawn e tronSSanatnrmaBSele N = " aoxahioaxm ob Pane aBebean and 105% 105%r 101% 101% 93 98, 102% 103 100% 101 104% 104% 3% 84 99 29 96 96 89 89 6534 I‘r 0 0