Evening Star Newspaper, June 13, 1930, Page 14

L (A—14 ®x* PIPE LINE PROJECT . PLANS ARE PUSHED $15,000,000 Gaspline Con- veyor Will Touch Four Midwest States. Special Dispatch to The Stai NEW YORK, June 13.—Railroad ex-: ecutives are watching the plans for the nstruction of the largest gasoline pipe line ever built. It will cost $15,000,000 “and will run 1,000 miles from Borger, Tex., through Oklahoma and Kansas to ‘Wichita, then to Kansas City and then to St. Louis. It will be financed and controlled by the Phillips Petroleum Co. ‘The railroads are interested because last year they hauled nearly 2,000,000 cars of gasoline. The country consumed 382,000,000 barrels of gasoline during the year. Now the freight bill on 2,000,000 cars of gasoline amounts to quite a sum. It is one of the major producing revenues for railroads. While it is not so large in volume as the automobile business, it -is growing every year. With the rapid development in na- tural gas pipe lines, from the mid- continent field to the larger cities of the Middle West, centering about Chicago, St. Louls, Kansas City, this new gaso- line pipe line may cause railroad execu- some of them are operating busses and eives to work out a new policy. Already airplanes. Will the pipe line fleld be next? Many believe it will. ‘The British cabinet changes result from the increase in the growing num- ber of unemployed. With 1,739,500 British subjects on the “dole.” it has reached record proportions. There are 578,295 more “dole” collectors living off the government now than there were <one year ago—the greatest number in eight years. The Right Hon. J. H. Thomas, lord privy seal, has sanctioned capital de- velopment schemes involving $500,000,- 000 expenditure to employ 380,000 men "during the year, but he admits that such government action is not a per- manent solution for unemployment. The increased taxation, resulting from the doles and other heavy weighing ex- “penses of the government, is the reason attributed by many for the business de- pression which is ruling England with -a firmer grip today. than it has in 10 years. ‘There does not seem to be any im- mediate prospect for the Bank of Eng- land to reduce the discount rate. It stands today at 3 per cent, while many business leaders still hope for a 2!, per cent rate. Cheap money will eventually have its “effect. It is far better for England to have a 3 per cent discount rate, which will last a year, than a 22 or even a 2 per cent rate for only a few months. Paul Moldenhauer, German minister of finance, faced with a visible deficit of $180,000,000 for the current year, attributed the deficit to the drop in taxes, custom duties and domestic imports and the “rise of the unemploy- ment dole.” ‘The finance minister is not hopeful Jor the new budget, because the growing army of 1,600,000 unemployed is receiv- ing more and more from the tax dollar. The difficult thing about it is that there seems to be no prospect of a let- _up in the dole. When labor leaders talked to the Federal Minister of Labor Stegewald, they argued that the im- pression was founded in the tariff poli- _cies which increased the cost of living in false measures of nationalization and ruthless suppression of foreign credit to “promote building and other enterprises, ‘which was expected to automatically But the minister of that it would cost $1,500,000,000 to pro- vide work for 2,000,000 men and that no government could raise that amount | of money. He saw no prospects of work ‘measures being by the Reichstag to give work to more than 150,000 men. 8o there you are! Radium, worth nearly $2,000,000 an ounce, is found only associated with another rare element—uranium. Yet the ratio of radium to uranium is al- ‘ways about 1 to 3,000,000. The purest uranium materials are in the Belgian Kongo deposit—almost pure—yet it takes 200 tons of this high- grade ore to produce one ounce of T et why it nsi 's W ’s s0_expensive. Since the Kongo ore was discovered 8 few years ago, no other mines have been found 1 le enough to continue to extract the radium. The peculiar tl about it is that radium constantly changes into other substances. It can exist only as a product of the atomic disintegration of the rare element uranium, says the United States Department of Com- merce. Hence, people who are advised to buy stock in American radium mines, there- fore, better watch their step. This most elusive metal is extremely difficult to mine. Of course, it is true that nearly any mountain of rock does contain radium, but the cost of getting it out is gen- erally far more than the value of the radium recovered. In dull times people smoke more than they do in prosperous times. ‘This seems to be the gist of a report Sssuect by B. D. Hill, chief of the to- bacco division of the Department of Commerce, who reports a steady up- elimb of cigarette production. During the first four months of 1930 the cigarette production (it amounted to 37,000,000,000) was over a billion ahead of the corresponding period of last year—about 2 per cent more. Foreign cigarette trade has fallen off rather badly—almost 50 per cent. China, where American cigarettes are the favorite, shows a big drop in de- mand. Cigar production continues to drop. For the first quarter of 1930 the pro- duction fell off 7 per cent under the same period of 1929, the drop being greatest in the higher priced cigars. (Copyright, 1930. by North American News- paper Alliance.) BUILDING CONSTRHCTION IN EAST ON DECREASE By the Associated Pr ‘Total building construction for the first five months of 1930 in 37 Eastern States amounted to $2,037,000,000, or 19 r cent less than the average for the st five years in the corresponding period. The Deparment of Commerce an- nounces that residential building for ,.the period under discussion amounted to only $483,000,000, representing a loss over the five-year period of $596,000,000, or 55 per cent. Non-residential building tlumped 4.5 per cent. to $967,000,000. .. Offsetting these declines was public -~ works and utilities construction, which 44 netted a gain of 35 per cent, with a to- 1 tal of $588,000,000. The Associated General Contractors of America see nothing but optimism in 3+ the report, as they have long contended that residential construction in this country was in an unhealthy condition, lue to vast building solely for the pur- #: pose of speculation and not dictated by demand. They see in the report the FINANCIAL/ THE EVENING STAR, WASHINGTON, IPRINIE BOND GROUP | NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. (Continued From Page 13.) Btock and Rate. 324 Magma Copper (5).. 1 6% Mallison & Co. 20 16% Manati Sugar pf 9% Man Elec Supply.... 274 Man Elev mod g (d5) 51% Manhat Elev td (7) 15 Man Shirt (2). g 39% Marlin-Rock A 134 Marmon Mot (h50c 41 Marshall Field (2%) 3 tin PATTY....... 37% Mathieson Alkil) () 47% May Dept Strs (n3),. 16 Maytag Co (12). 29% Maytag Copf (3).... 76 Maytag Co 1st pf (6) 11% Mengel Co (2)...... 164 Mexican Seaboard. .. 17 Miami Copper (4)... 53 Michigan Stl (m2%) 28% Mid-Cont Petm (3).. a4 Middle States Oil et. 32 Midland Steel (3)... 12% Minn Mollne Pwr... 41 Mo Kan & Tex (1)... 4 70 Missour: Pacific..... 145'% 125 Missour! Pac pf (5) 40 184 Mohawk Carpet. 63% 40 Monsanto Ch (§1%). 49% 35% Montgom Ward (3). 16% 3% Moon Motor: 72 55 Morrell & Co (4.40).. 2 1% Mother Lods (20c) 44 Motor Meter G & 44 Motor Products (2) 24% Motor Whee) (3 12% Murray (b3 %stk). 35% Myer(FE) & Bro(2). 36% Nash Motors (6). 13 Nat Acme (1%) 11 Natl Alr Tran; 9% Natl Bella Hess. 71 Natl Biscuit, n(2.80) b8% Natl Cash Reg.A(14) 45% Natl Dairy (32)..... 16% Natl Dept Stores (2. 29 Natl Distillers (2).. 22 Nati Enameling (2). 137 Natl Lead (18). Sales— 2 o He - BrmaoEmnBan 8 PoeNalnaz 32 101 Natl Pwr & Lt (1) Natl Supply (5) Natl Surety (5) Ul Tea Co (2) vada Copper (1%) N O Tex & Mex (7). 344 Newton Steel (2 163'a N Y Central (3) 108% N Y Chi & StL (6) 108 N ¥ Chi& StL pr(s). 180 N Y & Harlem (5)... 22 N Y invest (1.20).... 107% N ¥ N H & Hart (6). 119 NYNH&HpL () 2 N Y Rallways pf. 2 N Y State Rwys p: 100 N Y Steam pt 226 Norf & Western 9% North Am Aviation.. 93% North Am(b10%stk) 100% North Am Ed pf (6). 45 No Ger Lioyd (3.43). 76 Nerthern Pacific (5) 74% North Pacific ct (5).. s Norwalk Tire & Rub. 9% Oll Well Supply.. 13% Oliver ¥arm kquip. 31w Olv Fr Eqev pu(3) 73 Omnibus pL( A) (8).. 66% Otls Eldv, n(24%). 28% Otis Steel (23%) 7 Pacific Coast... 524 Paciic Gas & El (2). 72 Pacific Lizhting (3). 21 Pacific Mills 138% Pacifio Tel &Tel (7) 14% Packard Motor (1). 51% Pan-Am Petrolm. . 674 50% Am Petm (B). 12% 44 P 80 . 77% 48% Param’nt Publix (4). 35% 20% Park : Tilfora (33). A% 15% 464 83 ¥0% 38% 19% 4% 10T% 30 178 23% 64w 5 Pau 18% Patino Mines. . 6 Peerless Motor Car. 26% Penick & Ford (1). 64 Penn Dixis Cem 30% Penn Dixie Cmt pf. 36% 724 Penua R R (4). 325 230 People's Gas, Chi (3) 24% 17% Peoria & Eastern.. 99 95 Pere Marq pt (5) Phillips-Jones Corp, 1 Plerce OiL 2% Plerce Pe m 30 Pilisbury Flour (2).. 86 Pittsburgh Coal pf. 98% Pitts S (1) 25 Poor &Co (B) (2). i2 P Rican Am To (B) 40 Prairie Oll & Gas(2). 44% Prairie Pipe L (15).. 52% Proc & Gamble (2). 81% Pub Serv,NJ (3.40) 92% Pub Serv NJ pf (5).. 121 Pub ServNJ pf (7) 68% Pullman Corp (4). 1% Punta Alegre Sugai 21% Pure Oil (1%) 110% Pure Oll pf (8 65% Purity Bakerl 34% Radio Corp...... 68 Radio Corp (B) (5) 19 Radio-Keith-Orph Rels (Robt) & Co.... 26% Rem Rand (1.60) Rem-Rand 1at pf 9% Reo Motor Car (80¢) 50% Republic Steel (4), 5 Republic Steel pf (€) o C&B pt (7) 70 Reynolds Tob A (3).. Reynolds Tob B (3). 3215 Rossia Insur (3.20).. 49% Roy Dutch (al1.3415). 122% 86% Safeway (ed) 99% 109% 105% Sa Pt (7 57% 40 StJoseph Lead (13). 118% 104 St L-San Fran (8)... St L-San Fran pf () Al 4% Schuite Retail Strs. . 7% Seaboard Afr L: 9% Sengrave (e1.20) 76% Sears Roebuck(32% 94 Second Natl Inv. 3% 1% Seneca Copper. . Add 00. High. 33% 11% 254 ~Prev.1030~ High. Low. 13 7% Servel. L 19% Shell Un! 97% Shell Un 21 116 33 Spalding 4 64 100 9 98 58 25% Stewart- 77 31 5% Superior 16 Superior 8 50% T 53% 87 as Co; Gulf 18 25 Thatcher The Fair 24% Thompsol 11 Thompso! 40 Thomp-Sf 8 TI 14 Tim 6414 Tim % Tobacco 16% Tran: 894 Tri-Cntl 15 E2) 10 216 30 56 4 15 18'% U 8 Pipe 3% Vadasco 26% Va-Caro 75% Va-Caro 65 381 Wabash. 75 -Wabash % Waldorf Wess oil 21% 113% 1134 64 67 40% 42% 76 1% 31% 33 33 33% 111 45 46 2% 30% 97 Wextark 9 50% 93% 100% 27% 4 Ti% 50 18% 67% 46 12% 36% 5% Wrigley 18% 20 1% Hackens % Phillips d rates as gl payments basel on the 5 Unit of trading I n stock. §! Stoek and Dividend Rate. 6% Shattuck(FG)(11% 42% Shell Trad&Tr(ad%7c) 2;\; Vulcan Det (4)..... 390 D! Walworth Co (2). ‘Ward Baking (B Warner Bros Plo (4). 610 ‘War Bros P pf (2.20) Warner-Quinlan (1). Warren Bros (3).%.. Warren Fdy & P (2). West Penn El pt (6) West Penn El pf (7). 30s West Penn Pw pf(1) Westinghse 4 B (2). Westinghse E&EM (5) 22 Weston El Instr (1). White Motors (2)... White Rek MS(14%) White Sewing Mach.. Willys-Overland. . 286,900 Sales— Add 00. High. « I 9 ) 8 41% 45% 20% fon (1.40)... Ofl pf (5%) _ 8% Shubert Theatres. .. 30% SimmonsCo (3).... Simms Petrm (1.60). 21% Sinclair Con Ofl (2).. So Port Ric S pf (8). 56% Southern Cal Ed (2). Southern Pacific (6). 101% Southern Rwy (3) (AG) (2). 19% Spang-Chalfant.. 13% Sparks Withngtn(1). 6 Spear&co..... . I 20% Spencer Kelg (1. 20% Splcer Mfg. 20% Stand Branas (1%) D. ., FREDAY, FIRM AND HIEHER Remainder of List Dull—Mar- ket Fails to Respond to- Easier Money. BY F. H. RICHARDSON, Special Dispatch to The Star. NEW YORK, June 13.—Bond trading | relapsed into dullness today, with only the prime group of issues showing any upward tendency. The new German International 5l3s were unchanged at the opening, but sagged to a new low in later trading. Subsequently they re- traced part of the loss. Other German Y Stand Comm Tob. 102% Stand G& E (3%) Stand G& Ef (4).. Stand Gas& El pf(6). 110% Stand Gas&El pt (7). Stand Invest Corp. .. 55% Stand O of Cal (234). Stand Oi1 Exp pf(5). 34% Stand Oll of Kan (2) Stand Oll of N J(12). 31% Stand OII N Y (1.60). 11 Stand Plate Gl 5 21% Stand Plate Glass pf. 10% Sterling Sec (A).... 12 Sterling Sea pf(1.20) 36% Sterling Sec cv pf(3) Warner (1). Stone & Webster (4). Studebaker Corp (¢). 116 Studebaker Co pt(7).200s 102% Sun Ofl pt (6). 21 608 Ofl.... Ste 814 Sweets of Amer (1) Symington (A). 12% Tenn Cop & Ch (1).. TP (3)..... Sulphur(4) as PC&OIl..... 13% Texas Pac Land Tr.. Mfg (1.60). (2.40). 20% Thermotd Co (2).... 36% Thompson (J R) (3). n Prod(2.40 n Starrett. . tar pf (33%) 10% Tide Water As (60¢c). Aspf (6 t Ax (80 Roller (3) 2% Tobacco Products. .. Products A. 2% Tob Prod div ctfs A. 314 Tob Prod div ctfs B. ntl O1l (30e) . 12 Transue & W (1). 11% Tri-Contl Corp... Corp pf (6). 30% Trico Prod (234).... Twin City Rap T(§4) Und-Ell-Fischer (5). Union Bag & Paper. . 74% Union Carbide (2.60) 41% Union Ol of Cal (32) Union Pacific (10)... 8214 Union Pacifio pf (4). Union T’k Car (1.60). 44% Utd Carbon (2). Utd Cigar Stores, 30% Utd Corporation. 46% United Corp pf (3).. 7% Utd Electric Coal.... U 8 Alcohol (17). 7% U S Leathe: U S Leather (A) 77% U 8 Leather pr pf(7) &F(2).... 314 Util Pwr&Lt A ( Sales Corp.. 49% Vanadium Stl (14).. Chem 6% of Chem pf(7). 1 1 5 8 [ON 1 Systm(1%) 4 42 9 2 7 5 = 1 o -1 . 108 & Snow (2). 1 Radio Strs.. 1 9 T 9 1 1 7 1 2 (Wm) (4 Yale & Towne (15). Yellow Truck. Youngs Spring (3).. Zenith Radio......en RIGHTS EXPIRE Am Tel & Tel.Aug 1 754 Ches & Ohlo..July 23 1% DuPont deN..July 16 % Gamewell. 19 kil June 23 15 k W...July 13508 Pet..June 16 392 12:00 Noon. 1,514,100 2:10 P.M. n in the above table ai atest quarterly or half ble i’ scrip; b Payable. i INVESTMENT TRUSTS NEW YORK, June 13 (#).—Over the counter market: Am Ins stocks. Am_Founders Corporate Trust_sh 3 Deposited Bank sh, series N Y B Incorporated Equities. .. 3i Incorporated Investors Investment Trust of N ¥ STOCK INCREASE PLANNED. NEW YORK, June 13 (#).—A special meeting of Electric Light & Power stockholders has been called for June 24 to vote on a proposal to increase the authorized number of shares to 7,020,000 from 4,020,000. ‘The New York Stock Exchange has received notice from the Vi ia Elec- tric & Power Co. for a proposed change in authorized stock so that there will be .. elimination of much of this speculative ** building and a return to normalcy, - ruled by the dictates of civilization’s 11 needs. TIME MONEY DECLINES. By the Associated Press. Time money registered a fractional decline at leading centers during the week ended June 7, while call funds maintained its level of the previous . week. Census Bureau averages for compara- ble periods follow: Week ended June 7 A Frevious week Same week 4 Time. Call. 2%, 3 authorized 2,500,000 shares of no-par common and 260,000 shares of $6 pre- ferred stock of no-par value. Each pres- ent share of 7 per cent preferred stock is to be exchanged for one and one- sixteenth shares of $6 preferred—and each share of present common is to be exchanged for five sheres of new com- mon. TREASURY CERTIFICATES. (Reported by J & W. Seligman & Co.) Rate_Maturity. d Ofter. tas Sept. 15, Markets at a Glance NEW YORK, June 13 (#)—Stocks irregular; American Telephone rallies 5 points after touching new low. Bonds steady; foreign bonds gain. Curb ir- regular; olls and utilities improve. Foreign exchanges mixed; South Amer- ican rates weak. Cotton lower; con- tinued favors weather. Sugar steady; better spot situation. Coffee steady; improved Brazilian markets. CHICAGO, June 13 (#).—Wheat weak; bearish Minnesota report and hedge uma,. Corn easy; good rains Iowa. Cattle steady. Hogs firm to higher. AR FARM EQUIPMENT SALES SHOW INCREASE IN 1929/ By the Associated Press. Farming is by no means & vanishing occupation. A statement of manufac- ture and sale of farm equipment dur- ing 1920 issued by the Bureau of the Census says the total value of such equipment produced amounted to $603,- 337,889, as compared with $524,220514 produced in 1928, and with $460,881,- 111 in 1927. Sales by manufacturers of farm equipment for use in the United States aggregated $455,492,508 in the 12-month period, compared with $402,841,282 the previous year and with $391,868,822 in 198 les for export for the cor- responding periods were $112,546,389 in 1929, $95,152,814 in 1928 and $71,946,- 128 for 1927. The aggregate of sales is not identical with ?flueunn. for that @ part of the produce tion in any year is not sold until after the close of the period. Tractors comprise the largest item on the list, representing more than a third of last year's manufactured value with $228,000,000. Harvesting ma- chinery was in demand, with manufactures of $87,000,000, followed by plows and listers to the value of $42,000,000. SHORT-TER; SECURITIES. (Reported by J. & W. Seligman & Co.) Bid. Asked. Allis-Chalmers Co. 5s 1937 101 11 American Tel. Cu Gen. Mot Accep. Co General Pet. Corp. 55 General Theaters_Ea; Goodyear T, 3 Bure Ol Sheli Union Sinclair Cru Standard Bit 88 194 de Ol Co. bias 1838 3:[] . Jersey 55 1946. N. ¥ork ¢ Mt. & SBo. Ry. 5s 1 uthwestern Ry. 4s 1932 & Co. 55 1932, . 5 Union Oil Co. of Calif Unifed Drug Co. $5.1953. Nearly a year was required by the Rev. Arthur L. Kitching, Bishop of the Upper Nile, in his last tour of his dio- cese, which covers 264,000 square miles in & population of bonds such as German Reparations 7s and German Central Bank 6s were sympathetically weak. ie dropping of call money to 22 per cent for renewals on the Stock Ex- change was taken in some quarters to presage a fresh reduction in the Fed- eral Reserve rediscount rate, but the market made no response to the sug- gestion. Time money remained at just under 3 per cent for 60 and 90 day loans, and both it and the acceptance market were dull with money in ample supply. New Offerings. The total of new bond offerings for the day was under $10,000,000 and con- sisted entirely of minor public utility and municipal issues. From Berlin came the report that a $20,000,000 loan to be put out just over 6 per cent is being arranged for the Reichskredit Gesellschaft by J. Henry Schroeder Banking Corporation of New York and London. The new financing is for constructive works, such as public improvements. Apart, from the German credits, there was little activity in foreign bonds. French, Belgian and Italian issues were firm and South Americans were irreg- ular. Rumanian 7s, shaken into ac- tivity by events in connection with Carol's return to his country, were still nellln{ within half a point of their low of the year and.2 points below last week’s level, Prime Issues Gain. Prime domestic descriptions such as Baltimore & Ohio_first; 4s, Canadian National 5s, Great NortHern 7s, Chesa- peake & Ohlo 4:s, Inland Steel, 41;s, American Telephone 5'4s, Philadelphia Co. 5s, Utilitles Power & Light 5's and New York Telephone 41.s were all fractionally higher. United States Government. obligations were slow, with the exception of Liberty fourth 4igs, which gained 3-32. * p o Washington Stock Exchange & SALES. Capital Traction5s—$3,000 at 93Y. Washington Gas 55—3$4,000 at 1021, Washington Gas 6s “A"—$500 at 10114, lfm}o;lt’ 101’2, $1,000 at 101's, $500 a 4. W;:lflx!nnon Rwy. & Elec. 45—$3,000 at Y. Capital Traction Co.—10 at 63%, 10 At 63. Potomac Electric 6% pfd.—10 at 111, § at 111, 10 at 111, 5 at 111. Potomac Electric 5% % pfd—10 at Ve, 10 at 107, lib’e’r & Ross com.—25 at 151, 25 at 4. Lanston Monotype—10 at 12015. Mer!fl;?)‘llu‘ Transfer & Storage pfd. al . AFTER CALL. Merlsn!.rhller Linotype—50 at 997, 35 at 1975 Merchants’ Transfer & Storage pfd.—10 at 103, 10 at 103, 5 at 103. JUNE 13, 1930, ‘ 102 Lib 4th 4%s. US3%seT. US4s‘as. USeyss2.. 7 FOREIGN. Sales. Argentine s Ju sy < 9 99% Argentine, May '61. 20 Argentine 6 Oc 2 Argentine Argentine Argentine Australia 4% Australia 6s Australi Bank of Chile 6% Batavian Pet 4148 s B. = ‘5§ %8..: 57 Bolivar 7s '58. Bolivia 7s ctfs Bolivia 8: Brazil 63s 26, 27 Brazil #s..... Bremen State 7s. Czecho 8 '62. Danish Munic 85 B. Denmark 4%s Denmark 5%s ‘55 Denmark 6s. DEI5%s Mch.'52. Dutch East Ind 47. Dutch East T 6= '62 DEI5%sNov ‘53, Fiat 78 ex war ‘46 German EI P 6%s.. German 7s. Greek 6s°63. . Irish Free State Italy 7s...... itallan Pub Sve 7 Japanese 4s. . Japanese 5% s 66 Japane: %, 21 Jugoslavia Bank 7s 26 Karstadt 6s°43.... 10 Kreuger&Toll bs ct y 6 Norway Orlent dev 5% Orient Dev 6. Washington Gas 6s “B"—$500 at 105. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Amer. Tel. & Tels: & Telg el. cf Barber & Cham.-Vi 3 per Mig. 85 W. M. Cold Storage Rhine Westés ‘53 Rio de Janeiro 63 . Rio 46 Jan 8s'48. .. Rio Gr_do Sul 624§ Rome 6348........ R'y’l Duteh 43 sww Sao Paulo 8s Serbs-Crot-Slo . Shineyetsu 618 ‘62 Solssons 6 Swiss5%s 46 Swiss Confed Tohn El Pwr Tokio 533 61 Utd Kingm Uruguay 6s Vienna 6s ‘52 Warsaw 78 '52. Yokohama 6 Wash. Cons. Title 6s. STOCKS. PUBLIC UTILITY. (49 NATIONAL BANK. Gapital (16, Got Federal-American Liberty (7%) Lineoln (12). Metropolitan Riggs (18) Becond (9e) ‘Washington TRUST COMPANY. American Sec. & Trust (15) ntal Trust (@) nal Sav Prince Georges Bk. & Tru: Union Trust (8g) Washiugton Loan & T BAVINGS BANK. otor (10) .. Behenty Shel” 387 ven! re Tited s es (“0. . Washington Meenabias’ e Columbia Real Esta Title & Inv. Barber & Ross, Inc., com.. Chevy Ch. Dairy pid. (7) ol Band & Gravel prd. B, 0 Faper Mg ptd., 3 Bromo-Selz, @) i Storage pid. mer._Co. com. (1.201) Am. Co. pfd Lanston ‘Monotype (8. Mer Tr & Stge. com. (10) Merch. Trans. & Stge. ptd. (7) Mergenthaler Linotype (6) HR R Y 2 S m 3, dEx rights. Unlisted Department. S Bid. Asked. Arn\v-var Club 94 9 Cosm Olub 51 ial Club is Commercial Olub izl hington Savings Bank Washington Title Ins. Co Washington Base Bali Clib Woodridse-Lansdon Sav. B People of the United States ate $28,- 090,000 fareign nuls last year, Adams Exp 4s'48. . Ajax Rubber 8s. ... Alleghany Cp b Alleghany bs ow Am Chain Am Cotton Ol 58 Am For Pwr 6s 2, AmIGChb% Am Nat Gas 6%’ Am Smit & R 1at e coRablaawe 5! Atl Refining . :a" Tel, Pa. 68 (B) rfbs. . Certn-Td 5%s rets. Chile Copper Colon Of1 633 1 Col G&E 6s.May’53 Com Invest 5%s '49 Com Invest 43 Con GasN Y 5%s. Cuban Am Sugar 1 Dugquesne 4% East Cuba Sug 1348 1 ON NEW YORK Received by FINANCI AY: e BONDS soa amaz] |TOURIST BUSINESS Private Wire Direct to The Star Office UNITED STATES. (Sales are in $1.000) Sales. High 17 10030 100 2 102 10222 10218 101 22 101 21 2 108 28 108 20 132 13 & 104% Int] T&T 4% Int] Tel&Tel b8 '65. 55 KanG & E 6 Kendall 6% Midvale Steel Montana Pwr '43. Montana Pwr db Morris&Co 1st4% 8. Nat Datry 6%s. ... Nat Radiator 6%a. N Y Edison 6% N Y Te N Y Tel 1 North Am Ed No Am Ed 6%s 3¢ 28 108% Noz Ohlo Tr&l 68w 1 102% 100 9414 100% 9914 100% 89 1% 114 98 106% 824 103% 3 31 102% 102% Sales. High. Low. Close. 101% 101% 102% 105% 105% 105% 102% 102% 102% 102% 102% 102% 100% 100% 100% 102% 102 1024 95% 5% 94% 95 87h 874 9% 98% 98 99 99% 99% 981 984 92 92 100 100% 100% 103 10215 103 104 10315 104 100% 100% 100% 984 9815 9% 961 964 96% 97 97 97 1084 103 103% 103% 103% 103% 105 105 105 10315 103 103% 9% 9TH 9N 107 10614 107 104 1034 10:% 103 1024 103 97 961 961 85 85 85 100% 100% 100% 101 101 101 91 20m 91 103% 1021 103t 103% 102% 1034 109% 109% 109% 99% 99% 99% 100% 100% 100% 103 103 103 13 102% 102 102 RAILROAD. Ann Arbor4s...... 10 83% A T&SFev 4s2005. 1 92 R 94 11 129% 1 Atl Coast L 11 96 Atl Coast L1 1 91K AtICL4%s 2 99% Atl&Dan2d4s'48. 1 53% 534 8 9 94 1 100% 100% 100% 47 101'% 101 101% 2 103% 103% 103'% 8 103% 103 103% 45 105 104% 104% 23 109% 109% 109% 2 103'% 1035 103% 3 86% 86% 86% 4 884 881 881 10 100% 100% 100% Brdwav&T7th Av b 3 17 17 Bklyn Elev 6%s. 5 92 92 Bklyn Manhat 6s... 29 98% 9815 Bklyn Un El 5s'56. 10 103 103 Buff R & Pitts 4%s. 6 93'5 93% Can Nat 4%s 64. 9 95 94m Can Nat 4%s '67 12 951 9 9514 Can Nat §s. July'6s. 5 102% 102 102 Can Nat 6s. Oct '69. 11 10215 102% 102% ‘an Northern 7s. 2 110% 110% 110% 'ana ou §s. 2 105% 105% 105% Can Pac deb 43 §8 88 88 Can Pac 4 %846 10 9915 99% 99 Can Pacific ctfs 5. 4 102% 10214 102% Can Pacific 58°54.. 3 102% 102% 102% CarClin &0 6s'52. 14 109 108% 108% Centof Ge . “C69.. 5 1005% 100% 100% 7 104% 104 104% 6 100% 100% 100% 1 9% 99y 98 98 Phillips Pet 6%, Postal Tel & C 6% P ed St Car 6s. ve G 4%s Pub Serv G 4%s Pure Oil 5%s'37... Rem Rand 5% s war Richfield O1l 6s . Sinclair O11 6s Sinclair O1l 6%4s. Sinelair O1l 78 Reaamoaniha Skelly Ol 6%, Solvay Amer 5: So Por Rico Sug Stand O N'Y.4% Tenn El Pwr 6847 Tex Corp ev Transcontl Ol United Drug 6i X T Utah Pwr&Lt bs. . Utilities Pwr 5%s. Warn Bros P 6s "¢ Westn Union 55'5 Westn Union 6%s Willys-Ov 6%s * Wilson & Co 1st Win RepeatAr 7%s Youngstn S &T bs. . = S onwSuSonnan 83 922 22 941 94U 288 128% 95 95 83% 911k 9916 53% 911 998 rfimp 6s. .. O SW 5860 981 103 934 94% Ches& O gen d%s. . Ches & O 4%s°'93 Ches& O 4%s B'95 973 94% 94% 3% 1% 8814 55% T9% 904 90% W 9T 9T% 100% 100% 5 1091 109'% 109% 6 80 9% 94% 94% T4 72 8% 56 CMSP&Pac adi5s03 113 0 9% Chi & NW gn 3%s.. 5 Chi & NW gen 4s. Chi NW 43482037, . Chi & NW con 4% Chl& Nw 6%s... 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StL IM&S R&G ¢8. StL & SF plés A 3 1005 il B | PROSPECT IS COOD Vacationists Ar; Expected to Spend Muge Sums in Travel This Summer. BY LEO J. RYAN. Written for the Assoeiated Press. CHICAGO. June 13.—The American vacationist, with more than $3.000,000,- 000 of spending money in his pockets, has appeared upon the horizon and ix getting a warm welcome from American business. Between 45,000,000 and 50,000,000 va- cation tourists will take the road in motor cars in this country during the Summer, the Chicago Motor Club an- nounces, basing its figures upon esti- mates made by Dr. Julius Klein, As- sistant Secretary of Commerce, and by the American Automobile Association. The contribution these and other vacationists will make to business, ac- cording to Dr. Klein's estimate, places the vacation “industry” away up in the field of importance, ranking equally with the steel and iron industry and above the lumber business, the oil busi- ness and the meat-packing business. »p In addition to this outlook for do- mestic spending, the prospect is for another $1,000,000,000 being spent on forelgn vacation travel. The motor club’s estimated division of this billion is as follows: Sightseeing in Europe. $660,000,000; in Canada, $330,000,000; in Mexico, $33,000,000. Scarcely another regular line of busi- ness will fail to benefit, directly or in- directly, from the vacationers, the es- timators believe. In railroad circles here it was roughly and unofficially estimated that the railroads’ incor from tourists' travel in the United States probably will be between $75.- 000,000 and $100,000,000, or somewhere near 10 per cent of the total passengfr | revenue for a year. Many hundreds of millions have bee; spent, especially during the last 1 years, on good roads throughout the West, a good share of the impetus for which came from the cconomic bene- fits expected from the Increased auto tourist traffic. Millions have been spent on roads which are valuable chiefly to tourists during the Summer season. The gasoline and oil business, while its share of the vacation receipts is not as large as some of the other bene- ficiaries, nevertheless looks forward to the Summer as its best time. From 45,000,000 to 50,000,000 people, in & time of overabundant production, spending from two to four weeks with- out producing anything, it is pointed out, becomes an important factor in the country’s economic life. Il Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md, June 13—Pota- toes, white, 100 pounds, 2.25a2.75; new, barrel, 2.75a5.50; sweet potatoes, barrel, 2.50a4.50; yams, barrel, 3.00a4.00; as- paragus, dozen, 75a2.75; beans, hamper, 75a1.50; cabbage, hamber, 50a90; car- rots, 100, 50a4. celery, crate, 2.50a 4.00; corn, bushel, 2.25a2.50; cucumbers, hamper, 75a1.25; kale, bushel, 75a90: lima beans, bushel, 4.00a5.00; lettuce, hamper, 25a75; onions, bushel, 15: grecn, 100, 75a1.25; peppers, crate. 1.50 2. 00; peas, bushel, 1.50a3.25; radishge, 100, 1.00a3.00; spinach, bushel, 1.00a 1.25; squash, bushel, 50a1.00; tomatoes, # crate, 90a2.50; apples, bushel, 1.00a3.00; biackberriés, quart, 10a1215; grapefruit, box, 2.50a6.00; oranges, box, 3.50a9.0¢: peaches, crate, 2.00a4.00; pineapples, crate, 3.50a4. strawberries, quart, 11 a20; watermelons, 100, 60.00a100.00. Dairy Market. Poultry, alive—Chickers, pound, 25a40; Leghorns, roosters, 13a15; old hens, 22a24; Leg. horns, 14a18; ducks, 20a22; guinea fowls, each, 50a75; pigeons, pair, 25. Eggs—Receipts, 2,614 cases: nearby firsts, 2212; hennery, whites, firsts, 23%;. Butter—Good to fancy creamery, pound, 33a65: ladles, 24a25; rolls, 24a25; process, 29a30; store packed, 19. Hay and Grain. Wheat—No. 2 red Winter, expor®, 1.02; No. 2 Winter, garlicky, spot, 1.05; July, 104; No. 3, garlicky, no quota- *_ tion. Corn—No. 2 domestic, yellow, new, 93a94; cob corn, 4.75. * Oats—White, No. 2, 51a51'%; No. 3, 50a50%3. > Rye—Nearby, 75a80. Hay—Receipts, 37 tons. The general hay market continues quiet under light receipts, mostly by trucks, but ample for the demand, which is limited. While not enough hay is arriving on which to establish values by grades or carload lots, the better grade of timothy and clover mixed are in fair demand at a vange of 20.00 to 25.00 per ton. Live Stock Market. Cattle—Receipts, 150 head; light sup- ply; market dull and lower. Steers, choice to prime, none; good to choice, 10.50 to 11.00; medium to good, 9.50 to 10.25; fair to_medium, 8.50 to 9.50; plain to fair, 7.50 to 8.50; common to plain, 7.00 to 7.50. Bulls, choice to prime, none; good to choice, none: me- dium to , 750 to 8.00; fair to medium, 7.00 to 7.50; plain to fair, 6.00 to 7.00; common to plain, 5.50 to 6.00. Cows, choice to prime, none; good to choice, 7.50 to 8.00: medium to good, 6.50 to 7.50; fair to medium, 5.09 to 6.00; plain to fair, 4.50 to 5.00; com- mon to plain, 4.00 to 4.50. Heifers, choice to prime, none; good to choice, none; medium to good, 9.00 to 9.50; fair to medium, 8.00 to 9.00; plain to , 7.00 to 8.00; common to plain, 6.00 to 7.00. Fresh cows and Springerg 50.00 to 110.00. Sheep and lambs—Receipts, 250 head; light supply; market lower. Sheep. 290 to 4.50; Spring lambs, 8.00 to 12.00. Hogs—Receipts, 600 head; light sup- ply; market higher; lights, 10.80 11.05; heavies, 10.00 to 10.85; mediu 10.80 to 11.05; roughs, 7.50 to 940 light pigs, 10.00 to 10.50; pigs, 10.50 to 10.95. Calves—Receipts, 100 head; light sup- ply; market lower, 6.00 to 10.50; extras, 11.00. U. S. TREASURY BALANCE. ‘The United States Treasury balance, announced today as of close of business June 11, was $58,263,209.25. Customs receipts for the month to date were $15,143,135.50. Total ordinary expendi- tures, $11,206,612.14. Sales. High Low Closd. StLSWeon4s's3 7 99 9 s 53 1 100 Sou Pac 4148'69 ww Sou Rwy gen 4i Sou Rwy con 4 11 Sou Rwy Mo& O ¢s Tex & Pac §i (.:.". Tol StL & W 45 Union Pac 1st 4 Union Pac 4 ‘68 Un Pac Ist ref 4s Union Pac 4%s. Virginia Ry 1s1 5s 20 58