Evening Star Newspaper, June 16, 1930, Page 14

ek A—14 HINGTON, D. C PRICES OF CATTLE | FINANCIAL STAR, WA FINANCIAL., INDUSTRIAL ACTIVITY THE EVENING NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. MONDAY, JUNE 16, NEW BOND ISSUES | (=== o= BONDS o s Received by Private Wire Direct to The Star Office 1930. SHON STEADY LIS Market Is Believed Affected by General Recession in Business. BY FRANK I. WELLER, Associated Press Farm Editor. Reaching a new average low level tor the season in sympathy with heavy re- ceipts and narrow shipper demand, cat- tle prices are believed acutely feeling the effect of general business conditions. Declines in the dressed and wholesale beef trade with consequent lessening of shipper demand sent prices on good and choice steers in an almost perpendicu- lar drive below the depths plumbed by them during the week ending May 17. Common and medium steers stopped Just above the level reached during that time | Records of other vears indicate that the season is close at hand when lower grades of cattle usually work down un- der the impetus of a large supply from grazing sections in many parts of the country. This descent on the price scale is generally accompanied by a seasonal rise in better grades because of their scarcity. While not willing to predict that prices will drop lower, some economists do not visualize a material price climb within the next few weeks. Prospects for any immediate increase of conse- quence is the dress and wholesale beef trade, big factors in determining shipper outlet, are not bright and r-ceipts gen- erally are expected to aver: ge heavy in the aggregate. Holdings Liquidated. There are economists, however, who have noted what they term a marked effort to liquidate holdings, and in some cases to advance the marketing date. They contend that because cattle could not be refinanced a large supply already has been thrown on the market which originally had been started for late Summer or Fall markets, thereby cutting down that expected supply. Too, it is argued that expectation of fewer grass-fed cattle from the Southwest may tend to strengthen the market for edium cattle. mThe two weeks’ descent of the cattle market to a new low followed a two- week steady rise in live prices from 30 cents to $1 above the previous low seasonal level, which came suddenly during the week ending May 17. Poor retail business at the close of last week and mild demand forced down all wholesale meat at Chicago, with the exception of lamb. Beef and lamb were both weak at New York. Hog prices continued to fluctuate through a very narrow gauge which they have maintained since about the first of April. They were down a little this week as compared with last. For 12 weeks the average at Chicago has held around $10. During this period slaughter supplies made about the usual seasonal increase from the low point registered last March. The average for the first week in June was $10.14, 45 cents under that kreieorldge’q. during the unding week in . m;_rhn;ps“sg: however, has been reached when hog prices usually begin their rise. ‘While prospects of a relatively limited supply favor a normal rise, a weak de- mand may offset price increase. Lamb Prices. Lamb prices have shown a tendency to ease dgwnwlrd. with prices this week 65 cents lower than at the end of May and $3, or 20 per cent, below those of a year ago. Since early May the mar- kets have been getting lambs from Ten- nessee, Kentucky and the two Virginias. Last week the consignment of new crop lambs from Washington, Oregon and Idaho reached Chicago. These three States will be contributing lib- erally to the kt:nket supply during the next few weeks. Reports indicate that, with the ex- ception of Texas, lambing conditions in most of the late producing States were more favorable this year than last and that ture and weather conditions have favored lamb development. Mar- keting this month probably will be larger than in June last year, but it is uncertain as yet whether supplies ‘in July and August will exceed the heavy marketing in those months of last year. The demand situation gives little in- dication of other than a slow recovery in business. So far, there has been but little contracting for feeder lambs, as both producers and feeders prefer to wait developments before making com- mitments. INVESTMENT TRUSTS NEW YORK, June 16 (#).—Over-the- counter market. liated Inv Inc.... ARlated Iy 2% s ders conv pf ctfs T Gen Aot et & Gen Securities Corp A Am & G B T war...... : & Gen Secur Corp 6% & Pac Int units Nat_Inv.: .. Hold *Corp. Bansicilla Corp._...... Basic Industry Shares British nvest Capital Manage. .. Chain & Gen_Equitie: 262,18 (o 2552 Deposited Bk Sh Series Diversified Trustee Shares Diversified Trustee Share: Federated Cap..... Federsted Cap Units. Fimst Am Corp i Fixed Trust Incorporated Equities Incorporated Investors Joint Investors . Jackson ‘& Curiis Sec Corp . Mass Investors Trust. Mohaw ve: Nor & Bouth Am Corp Northern Secur... Qid Colony Invest Trust.. Qld Colony Trust Assoc Qi) Shares Inc units.... Overseas Secur...... g BRZ58%ee B Petroleum Trad A idasy Power & Light Sec Trust Eower & Rail Trustee Shares .. aunenal, | 101 (Continued From Page 13.) ates— Low. Dividend Rate. _Add 00. High. 31% Intl Hydro El A (e2) 407 651 Intl Match pf (4).... 21% Intl Mer Marine (1). 26'% Intl Nickl of Can(1). 77 Intl Paper pf (7).... 23% Intl Pap & P (A)2.40. 15% Intl Pap & Pwr (B).. 4 12 Intl Pap & Pwr (C) 17 S 69 Intl Salt (8) 37 144 55% Intl Shoe 1 55 484 Intl Tel & T 531 48% 23's Inter Dept Strs (3). . 234 16% Investors Equity(2). 17 43 - Jewel Tea (14)...... 52 92% Johns-Manville (3).. 2 Jordan Motor Car. 69% Kan City Sou (5).... 3 668 108 vser Jullus (2%). Keith-Albee-O pf(7). 3% Kelly-Spring Tire... 3% of. 71 Kelvinator Corp. 41% Kennecott Cop (3)... 49 Kimberly-Clark(13). 20 Kinney (G R) (1) 1% Kolster Ra2dio...... 384 Kraft PhCh (1%)... 36% 29 Kresge(SS)Co(1 60) 114 1081 Kresge (SS) pf (7).. 35% 23% Kreuger & Toll 1.60. 484 iT Kroger Gr&Rakinl). 237 200 Laclede Gas (10. 264 21% Lago Ofl & Trans, 113 8¢ Lambert Co (8) 11 6 Lee Rubber & Tire. . 42 32% Leh Port Cem (2%) 17% 94 Lehigh Valley Coal.. 704 Lehigh Valley(t4%) 77% Lehman Corp (3) 24% Lehn & Fink «3). 19% Lib Owens F G1 (1), 91% Liggett & Myers(15) 91% Ligg & Myers B(15). 25% Lima Locomotive. .. 523 Liguid Carbonie (4). 424 Loew's. Ino (3 . 8% Loew’s. Inc pf (634). 84 Loew's pf xw (6%).. 8% Loft. InC.c..evenunnn 50% Loose-Wiles (12.80). 16% Lorillard (P) Co.... 8 Louisiana Ofl....... 51% 384 LouG & El(A) (1%) 138% 128 Louis & Nash (1).... 28 Ludlum Steel (3). 28 Mac And & F (12.85), 40% McCall Corp (2%). 35 McGraw-Hill (2). 14% McIntyre Pore M(1). 61 McKeespt T Pl (15).. 22 McKesson & Rob (2) 28 38% 20% 41% 35% 184 T84 28y 14 60%, 20 ) LTI TSI OR) @ & Elec Supply.... Elev mod g (d5) Shirt (2).... 1% Market St Ry. 4% Market St Ry 2d pf. 17 Market St Ry pr pt. 5% Maracaibo Ofl Exp.. Marlin-Rock (5%)... 10% Marmon Mot (h50c). 41 Marshall Field (2%) 3 Martin Parry. 37% Mathieson Alk: 4T% 16% 29% Maytag Copf (3).... 76 Maytag Co 1st pt (6) 26% Melville Shoe (2).... 11% Mengel Co (2).. 164 Mexican Seaboard 17 Miami Copper (4) 53 Michigan Stl (m2%) 23% Mid-Cont Petm (2).. % Middle States Ofl et. 30 Midland Steel (3) 90 Midland Steel pf (8) 60 Minn Hon Reg(13% 124 Minn Moline Pwr... 72 Minn Moline pf(6%) 2 Mo Kan & Tex (1)... 43 Mo Kan & Tex pf(7). 9 103% Missourt Pactfic. .... - 145% 1256 Missouri Pac pf (5) 65% 40 Monsanto Ch (g1%). 35% Montgom Ward (3).. 3% Moon Motors. 55 Morrell & Co (4.40) 1% Mother Lode (20¢). . 44 Motor Meter G & El.. 44 Motor Products (2).. 24 Motor Wheel (3). 12% Muilins Mfg 12% Murray (b2% ~2haannnESRosonammn N 1 % 18 1 1 6 138% Natl Lead pt(A) (1).23 101 Natl Supply (5)..... 17 Nbvada Copper (134) 40 N ¥ Alrbrake (3.60) 180 N Y & Harlem (5). 5 5 118% NYNH&Hpf (1).. 5110 N Y Steam 1st pf (7) 30s 84 North Am Aviation. 58 74% Northern Pacific (5). 2 Nunnally Co.. 13% Oliver Farm Kquip. 73% Omnibus pf( A) (8) G0 30w Owenaill Giasaine) 4% 52 Pacific Gas& i (2). 116 23% 14w Packard Motor (1).. 210 4% Panhandle P& R. . 1% Park Utah... 116 Natl Lead pt(R) (6). 108 82 Natl Pwr & Lt (1)... 228 70% Natl Surety (5). 80 Nptl Tea Co (2) 51 Newport Co (A) (3). 34% Newton Steel (2).... %« 1634 N Y Centra) (8) 1 105% N ¥ Chi & StL 708 22 NY Invest (1.20).,. 107% N Y N H & Hart (§). 4 10% N Y Ont & Western. . 2 100 NY Steam pf (6)... 108 226 Norf & Western (10) 1 83 Norfolk & Wn pf (4). 10s 93% North Am(b10%stk) 99 45 No Ger Lloyd (3.43). 74’4 North Pacific et (5). s Norwalk Twe & Rub 9% Ofl Well Supply 86 Oil Well Sup pt 314 Oliv Fr Eq ev pt(3). 70 Oliv Fr Eq pf A (8) 43 Oppenhm Collins (5; 66% Otla El 60% 50% Owen: 19% 7 Pacific Coast. . 10Y% 72 Pacifie Lizhting (3) 18 178 138% Pacific Tel &Tel (7). 230s 51% Pan-Am Petrolm. 50 Pan-Am Petm (B).." 53 48% Param'nt Publix (4), 122 20% Park & Tilford (33). 5 124 Parmeles Trans 1%. 2% Pathe Exchange. 30% Penn Dixie Cmt pf. 724 Penna R R (4). People’s Gas, Chi ( Pere Marquette (18 94% Pere Marq or pf (5). 17% Pet Milk (1%4). 237 Petrol Corp (1% ) % 3 271% 2 130 208 100 21% 2 19 274 25% 15% pre 33 8% Philip Morris (1)... 2y% Phillips Petrm (n2). 214 Plerce-Arrow (A)... Low. 38 5% 21% 1% 23% 16 108 129% 55 a% 19 16% 4T 881 35% 2 133 130% 1 12 29% 26 29 41% 35% 18% 74 224 1% 574 38y 101 694 123% 123% 1254 39 159% 166 198% 212 106% 1085 117% 118% 102% 103% 224 49% T3% 34 1% 3u 10 89 21% 34 824 85 43% 62 28 50% 13 554 Th% 137% 13% 56 554 6% 554 21 2 1215 an 8 18% 6 37 601 81y 50 214 263 130 100 19 221 Close. Glose. 13118 8% 117% 1174 123% 22 3 8% 101 Prev. 38 41% 23 1% 234 16 11% 92% 3% 4 B9 65% 18% 20% 8% 9 36% 39 308, 133 26% 30 29 28 41% 38 184 18% 8% 23Y% 14w | 62 2 33 694 T5% 40% 45% 37 40 7 ™ 56 B5u 1% 1% 4 4% 44 46% 221 24 10 14 13% 164 | 39 41 33% 364 134 1415 | 17 20% 1% 12% T84 B3 | 34 36 40% 41 97 105% 21% 23% 10% 11% | 111% 114 220% 85% 93 | 108 49% 52 8% T 3% T4% | 14 1 EATY 3 10% 13 89 89 21% 23 3¢ 371 | 82% 82y | 85 8 | 43% 44y 63% 66w 28 29 | 504 50% 13 13 55% 614 75% 81 137% 138 14 15 b6 57 564 b7 W8 56 12% an 8 188 607 Bl 50 720, 263 130 100 Stock and Dividend Rate. 107% Pub Serv E&G pf. Pullman Corp ( 34% Radio Corp.... 53 RadlopfA (3%) 68 Radlo Corp (B) (5).. 9 19 Radio-Keith-Orph A. 418 32% Raybestos Man 2.60. 110% 'Reading Rwy (4) 47% Reading 2d pf (2 43 Real Silk (5).... 214 Rels (Robt) & Co. 25% Rem Rand (1.60) 9 Reo Motor Car (80¢! 49 Republic Steel (4) .. 9315 Republic Steel pf (6) 4 1 61 Revere C&B (A) (4). 2 27 Reynolds Metls 3.40. 7 4 Reynolds Spring. 11 49 Reynolds Tob B (3). 180 17% Richfield Ofl (2)..... 39 16% Rio Grande Ofl (2).. 32 3214 Rossia Insur (2.20).. 8 49% Roy Dutch (a1.3415). 17 26 9 . 408 105% Safeway Strs pf (7). 208 39 St Joseph Lead (13). 11 100 St L-San Fran (8)... 13 92 StL-San Franpf 6) 3 58 St L Soutnwestern 6 20% Savage Arms (2) 7 4% Schulte Retafl Strs.. 13 7 Seaboard Afr Lt 6 9% Seagrave (e1.20). 2 75 Sears Roebuck (% 186 9% Second Natl Inv. 4 5815 Sec NatlInvpf (6).. 2 1% Seneca Copper. 3 7% Servel, Inc........ 20% Sharon Steel H (2). 17 Sharp & Dohme 54 Sharp & Do pf (3%).. 36% Shattuck (FG)(11%4) 19% Shell Union (1.40). 8% Shubert Theatres. ... 30% Simmons Co (3).... 21 Simms Petrm (1.60). 21% Sinclair Con Ofl (2) 28% Skelly Ofl (2) 9314 Skelly Oil pf 26 Sloss Sheffleld Steel.. 1 53 Sloss-Sheflield pf (7) 108 5% Snider Packing....., 1 18 Snider Packing pf... 2 95% Solvay Am pf(5%).. 1 19% Sou Porto Sug (1.40). 3 5614 Southern Cal Ed (). 162 18% Sou Dairles,A (1%).. 2 s Sou Dairies (B).. 113% Southern Pacific (6) . 101% Southern Rwy (8). 33 Spalding (A G) (2) 1 108 Spalding 1st pf (7) 19% Spang-Chalfant. .. 131 Sparks Withngtn(1 201 Spencer Kelg (1.60) 20 Splcer Mfg...... 24 Splegel-May-S (3).. 3 20% Stand Branas (134).. 275 4 Stand Comm Tob. 2 101% Stand G& E (33%)... 169 64 StandG&Epf(4).. 2 110% Stand Gas&El pf (7). 8% Stand Invest Corp... 3 55 Stand O of Cal (2%). 73 34% Stand Ofl of Kan (2) 44 58 Stand Oil of N J(12).1177 31% Stand OIl N ¥ (1.60). 365 114 Stand Plate Gla: 215 Stand Plate Gl 33 Starrett (LS) (12%) 10% Sterling Sec (A).... 12 Sterling Sec pf(1.20) 36% Sterling Sec v pf(3) 25% Stewart-Warner (1). 77 Stone & Webster (4). 120 291 Studebaker Corp (4). 108 116 Studebaker Co pf(7). 10s 2 25 13 2% Symington. .. 8 Symington (A). 15% Telaut Corp (11.30).. 12% 'enn Cop & Ch (1).. 50% Texas Corp (3). 53% Tex Gulf Sulphui 874 Texas P C& Ofl 13% Texas Pac Land 18 Thatcher Mg (1.60). 40% Thatcher pf (3.60). 25 The Fair (2.40). 20% Thermoid Co (2). 7% Third Avenue. 81 Third Natl Inv (3). . 36% Thompson (J R) (3). 234 Thompson Prod(2.40" 11 Thompson Starrett. , 40 Thomp-Star pf (3%) 10% Tide Water As (80c). 78 Tide Water As pf (6) 14 Timken Det Ax(80c) 64% Tiniken Roller (3) 2% Tobacco Products. ., 7% Tobacco Products A. 2% Tob Prod div ctfs A. 312 Tob Prod div ctfs B. 2% Tob Prod divetfsC.. 2 16% Transcontl Ol (30c). 495 12 Transue & W (1), 4 11% Tri-Contl Corp. 5 894 Tri-Cntl Corp pf (6). 9 30% Trico Prod (23). 1 14 Truax Traer (1.60) 1 30% Truscon Stl (£1.20). 3 156 TwinCity Rap T(§4) 3 90% Und-Ell-Fischer (5. 20 74% Union Carbide (2.60) 268 41'% Union Oil of Cal (32) 6 % 215 Union Pacific (10)... 11 824 Union Pacifie pf (4). 30 Unfon T'k Car (1.60). 43% Utd Atreraft, 56 Utd Alrcraft pf 36 Utd Biscuit (1.60) 118 Utd Biscuit pf (7)... 44% Utd Carbon (2) 4 Utd Cigar Store 861y Utd Fruit (4).. . 6 81% Utd Gas & Imp(1.20) 24 97 Utd Gas & Imp pf(5) P 23% Utd Piece Dye W (2) 15% U S Pipe & ¥ 18t 1.20. 85 U 8 & For Sec pf(6) 45 U S Freight (3). U S Hoftman (2). U 8 Alcohol (17). 7% US Leather. . 15 US Leather (A).... 7% U S Leather pr pf(7) 18% U S Plpe& F (2).... 58% U S Realty (5). 21 U S Rubber. 30% Univ Leaf Tob (3 2% Univ Pipe & Rad 314 Util Pwr&Lt A (e2). 3% Vadasco Sales Corp. 49% Vanadium Stl (14). . 37% Viek Chemical (2%). 5 Va-Car Chem. 3 261 Va-Caro Ches 2 12 Va Iron Coal & Coke. 208 65 Vulcan Det (4)..... 300s 381 Wabash...... 75 Wabash pf (A) (5).. 244 Waldort Systm(1%) 25% Walworth Co (2).... 4 Ward Baking (B). .. 58 Ward Baking pf (7). ) 15 Warner-Quinlan (1 484 Warren Bros (3). 23% Warren Fdy & P ( 4 Webster-KEisenlohr. 63'»'1?0(0;‘7\.: Elec' 6s 19! 015 Capital Traction_ Go. o Gas_Li DEPRESS MARKET Prices Turn Irregular Despite Further Easing of Money Rates. BY F. H. RICHARDSO! Special Dispatch to The Star. NEW YORK, June 16.—Once, again foiled In its attempt to work to higher price levels by the bringing out of near- ly $80,000,000 of new issues, the bond market was irregular today and trading was listless. Money rates were a trifle easier, though there was no quotable difference, with 90-day loans still of- ;ereg dl.l'trul'u.i 3 per cent, with 2% to 7% bid. The stock privilege group, affected by the selling in stocks, was active at a generally lower level. Philadelphia & Reading Coal & Iron 6s sold off at 11, points and are now 8 points below their recent peak for the year. Other active losers were Baltimore & Ohio convertible 4!5s, American I. G. Chem- ical 5125, Chicago & Northwestern 4% s, Atchison 4l5s, International Tele~ phone 4l,s, Texas Corporation 5s and General Theaters Equipment 6s. In the foreign department the new German Government International 51s were affected by the dropping of the price to a fractional discount on the London market. The price here was off slightly at a new low. German Central Bank 6s were also lower, but German Reparations 7s and Berlin 61 made small gains. The rest of the for- eign list was quiet. High-grade domestic issues continued in fair demand and Liberty fourth 4'5s made a new high for the year. Atch- ison generals, New York Central 4s, Pennsylvania 415s, Great Northern 7s. American Telephone 54s and Columbia Gas 5s were a shade better. There were small declines in Canadian Pa- cific 4s, Inland Steel 4!5s, Utah Power & Light 5s, Utilities Power & Light 5158 and American & Foreign Power 5s. company obligations were par- ticularly active, Transcontinental Ofl s leading the way with an advance to'a new high. Skelly 5155 and Shell Union 5s also made gains, but Phillips Petroleum 5%4s, Pan-American Petro- leum 6s, Sinclair 7s and Richfield Oil of California 6s were all lower, the last named by 2 points, St. Paul Adjust- ments and Frisco 4!5s, bath off frac- t‘.‘wmy’ were the only active junior s. The $60,000,000 issue of Union Gulf Collateral Trust 5 per cent bonds sold today represents one of the largest cor- poration offerings this year. The price of 99 compares with 101 1%, at which the Gulf oOil Corporation bonds sold today. The Ilatter com- pany is to operate the Union Gulf and to meet any operating losses, The collateral by which the Union Gulf bonds are secured was the subject of comment today, as it had no direct identity with the Guif Oil or Union Gulf Corporation, including as it did stocks of the Pullman Co., United States Steel Corporation, and a large amount ot Aluminum Co. of America common and preferred. Washington S{ock E;change SALES. Washington Gas 5s—$570 W:ghgnfl.an Gas 6s 1Y, Washington Gas €s “B"—100 at 104. Capital Traction Co.—10 at 61, 5 at 62, 8 at 6034, 10 at 60%, 1 at 6115, Norfolk & Washington Steamboat rts w.il—8 at 171, Commercial National Bank—10 at 230. Second National Bank—2 at 180, Washington Loan & Trust Co.—10 at M!BO. 2 !tl 485. " ergenthaler Linotype—10 at 993, 5 ggxflfl 5 at 99%, 10 at 99Y,, 30 at . Peoples Drug Stores pfd.—10 at 10545, 5 at 105, 10 at 106. Carpel Corp.—50 at 24. AFTER CALL. CISD;'LIX Traction Co.—80 at 60, 17 at Va. W;:l"flnmn Rwy. & Elec. pfd—5 at 2. Capital Traction 55—8$3,000 at 91, Riggs National Bank—2 at 485, Washington Gas 6s “A"—200 at 101, 300 at 101, 200 at 101. Barber & s 6125—8$1,000 at 90. Mergenthaler Linotype—20 at 993, 10 at 993, 10 at 994 Capital Traction Co.—1 at 6015, BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bid Asked. | Amer. Tel. & Telga. 4! . 100% Amer. Tel. & Telga. 41 Am. Tel. & “Tel. ct! Anacostia & Pot R, Ana. & Pot. gu C & P. Tel' of Vi Capital Traction R. R. City & Suburban 55... Georgetown Gas 1st 5 Eotomac Elec. cons. ! at 102%. A"—$3,000 at 133 39 Alex & Mt. Ver, Balto. & Annap. 5 ngton _Gas 5s. Wash. Gas 6s. series A Wash! Gas 6s. series B Wash. Rwy. & Elec. 4s % MISCELLANEOUS. | Barber & Cham.-Vanbt evy Chase Ofub 5 C. Paper Mfz. 65 W. M. Cold Storage & Wash. Cons. TiMle 6s STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel . | Wash. 67 ptd lec. Power 5% pid Rwy & El com h. Rwy. & Elec. pfd. . & Ahnap. com . Balto. & Annap. pid.. NATIONAL BANK. Capital (14) Fs (8) Federal-American Liberty (7§) .... Riggs (15) . . Amer. Sec. & Trust Co. (15). Continental . | Merchants' Bank & Trust (8) National Sav_ & Trust (121). Prince. Georges Bk. & Trust. Union Trust ( Washington Lo SAVINGS BANK. Bank of Bethesda (88)....... Commerce & Savings (i0).. East Washington (12).. Potomac _(10) e Becurity Sav & Com. Bk. (17). Seventh Street (12)............ United States (30) Washington Mechanics’ UNITED STATES: (Sales are in $1.000.) Low. Close, 100 28 101 102 10221 10224 10113 10117 10120 10121 108 23 10825 132 1132 Sales. High. .. 96 101 102 102 25 10117 10123 108 25 1133 FOREIGN. Sales. High. Argentine s Ju ‘69 16 99 Argentine, May "61. 8 99% Oct’s9 6 987 102 Lib4th4%s. US3%s"43. uUs3n USds'4d. US4yss2.. Australia ¢3= 56, . Australia s '57 Austria 7s Bank of Chile 6%s. Bank of Chile Batavian Pet 4%s. Belgium Belgium 6%s. . Belgium Belgium 7 Belgium 8; Bolivar 78 58... Bolivia 7« ctfs ‘69 Bolivia 8. Bordeaux Copenhagen bs rcts Cuba5ls Czecho 82 '51. Danish Munic 8s A . Danish Munie 8s B. Denmark 4%s. ..., Denmark 5% s ‘5§ Denmark 6. El Salvador 48 Fiat 7s ex war "46 Finland 6%s. Finland 7s French 7 Ger 5783 German Bank 6 3. German EI P 6143, German 7= N Ger Gen Tlee Ts Greek 6s°63. . Halti 6s. ... Holland-Am §: nnese 514s ‘65 9 Japanese 6%s. a1 104 Jugoslavia Bank 7s 10 84 Karstadt 63 *43. 12 78% Kreuger&Toll 6sct 103 96 Lyonsés..... . 1 102% Mex 4s 1904 asnd.. 2 11% Marseille 6s. 6 104% Milan 6% s 26 91 Montevideo 1 101% Netherlands 0 104 New So Wales ‘57 New So W Norway 6s ‘63 Norway 5%s Norway 6s°43 Norway 6s *44 Norway 6%s Orifent Dev 6s°53. . Paris-Lyons-M Parfs-Ly-Med 7 Paris Orleans § 0 17 1043 18 105% 1 102% . 11 T6% el .. 43107 21 #6 1 9R% 2 86% 5 99 1 106% 2 104% Porto Alegre Queensland 6s. Queenland 7s Rhinelbe Un 7a. Rhine Wt EP Rhi t6s °5: aneiro 614, Rio 1 Jan Rlo Gr du Sul Rome 634s........ R'y'l Duteh 4% sww Sao Paulo '50 on (PW) 7s. Seine 7842, s Toho El Pwr 6s 32, Toklo 6s. Tokio 5% s 61, Utd Kingm 51837 Uruguay 6 '60. Uruguay 8 Vienna 6s '52 Warsaw 7s Yokohama y Allls Chalm 58°37. . Am Agri Chem T%s Am Chain 6s'33. .. Am For Pwr bs 2030 Am 1GChb%s 49, Am Int Cor 54 n '49 Am Metal 5% 834, . Am Nat Gas 6%48'42 Am Smit & R 1st 68 Am Sugar Ref . am T&T cvi % 8’39 Am T&T b Am T&Tat Am T&T 5% Am Water Wks bs. Am Wrtg Pa 6s 47, Armonr&Co 4% #'39 Armour, Del fYs. . Atl Gulf 6s '59 Bell Tel Pa 55 (C).. Bell Tel, Pa, Certn-Td 6% rcts. Chtle Copper 5 Colon Ofl 6s °38 L M Consumers Pwr 6s. Det Edison 55 '40. . Det Edison 6s ... Dugquesne ¢%s East Cuba Sug 7%s GenCable 545 "47. Gen Mot Ac Cor 6s. Firemen (8) .. National Unioi 3 TITLE INS Columbia L vee Real Estate (8h)......0".." Title & Inv. Co. of Md. com Gen Thea Eq Goodrich 6%, Goodyer HumbleO & R il Bell Tel s, Low. 1041 96 97y 93% 103% % 109 113 108% 109% 102% 100% 105% 898, 89% 101% 98% 9815 9614 97U 90% 103% 83 1% 95% 1057% 11% 103% 901y 101% 104 B4 sany 103% 107% ol 103 100 70 99% 102% 100 87 9Re;, 98y 97 974% 91 104% 834 78 95% 103% 11% 104% 0% 101% 104 | Chi R1cv 414560, . . ;ox Corp ev 6s ‘44. .1 Sales. High. Low. Clos .. 862 97w 24 97 2314 e. 3 234 106% 1067y 106" 1004 100% 100% 107 111 1087 Pw) No Am Ed 6%s Nor Ohfo Tr&L 104 o 87 Phila & Read 68'49. 278 Fnillips Pet 5% 96 Pillsbury F' M 6543 3 Por Ric Am Tob 6s. 1 Pub Sve G 4% Pub Serv G 43870 Pure Oil 53%s '37. Rem Arms 65 '37. Rem Rand 5% s wi Richfield Ol 6s " Stnclair Ofl 6%s... Sinciair 011 7s. Sinclair Crude Sinciatr P L Skelly O11 6% - Solvay Amer 58 '42. 985 961y 108% 28 Tenn Cop 6s B "44 4 101 9 6847, 13 scontl Oll 6. 96 Vertientes Sug 7s.. 2 United Drug 6s ‘63, 11 106% 51 96 . 101 90% 103 104 2 104 Utllities Pwr 5348, Walworth 63535, 22 Warn Bros P 6 Western Elec Westn Union 6% White Eagle 5%s. Willys-Ov 6% 3. Wilson & Co 1 Youngstn 8 &T ba. . 102% RAILROAD. Atchison gen 4; Atch deb 4%, AtICL 4%s 28 12814 43 99 1 94K 94u 944 100% 100% 100% 101% 1001 100% 12 ¥2 104 103% 1034 10314 5 109% ‘95 103% 1031 103% 100% 174 91% 9% 981y 874 3% 975 Buff R & Pitts 434s. Bush Term con bs. . 2 110% 110% 110% 44 8% 2 99 17 102% 3102 46. Can Pacific 58 '54. Car Clinch & O Car Clin & O 6; Cent of Ga 65C 69 2 101 Central Pacific 22 93% 5 1004 &04%s'93 Chi & Alton 3 Chi & Alt 3% CB&Q4%%s 17 B. CB CB 2 107% Chi&Ellignbasl. 9 74 ChiGr West 48°69. 42 72 ChiMil&StP4%sC 4 94 Ch: MEStP 4%5°89 5 98y, ChIM{IStP&P 6876, 20 88% CMSP&Pac adjbs03 77 55 34 101 15 791 19 98 7 99% Chicago T H 5. b 96Y% Clev Term ¢%8'77. 23 9% Clev Term 6s 2 105 Colo & Sou 4 %, 5 100% Cuba Nor 638 rets. Cuba RR 68 . Del & Hud 1st rf 4n Del & Hud 6% Den & Rio G cn Den&RGW 415836, 1 Den&RGW 68 '85... 15 DRG&Wst bs'78.. 1 DuluthS 8 & Atl 68 15 ChiR1&Prt 2 7 2 94 12 106% 2 96y E: Erie conv Ex 7, Fla East C Gr Trunk st deb Grand Trunk 7s. . Gt Nor 4% (D). Grt Nor 4% s (E).. Gt Nor 4%s E wi.. Gt Northern 5 Great Nor ge Green B& W 4 Hocking Val 4%s.. 1 99 Hud & Man ad) bs.. 15 #0% Hud & Manref6s.. 15 99y 111 Cent 4s "63. 2 90 111 Cent 4% s '66. I11-C-C-StL&NO 5 5 1058 Int Rapid Trans bs. 17 Int Rap Tr bs stpd K Int Rapid Trans 1 3 Int & Gt Nor adj 3 Int RysC Am 1 Kan City Ft 8 4 0 City Sou 3. 5 City Sou 6 Kan City Term 4. Lake Shore 4s ‘31 2 51 1 97 8 106% 47 111 5 25 5 w2 5 100% 6 I3 L& N uni 4 ManRy 1st Market St 78 '40. .. Mill El Ry&Lt 4348 Mill El Ry&L bs' M StP&SSM con 1 91 1 100 13 101y 91 9% Mo Pac 53%s 49 cv. Mont Trm ref 58'41. New Or Term 4s NOTex &M 65(A) T&Mb%s 40 1081 1 90 6 1024 1 804 2 99% a7 108 7 100 29 97y 1 9% 1 8b% 1 " g i e o H 4856, . NHnfiovn G 2222272222222 < z T » T a 2 a 4 3 H 3123 2 881 6 663 12 91y 2 98l Nor Pacific 3s 2027. Nor Pacific 48 Nor Pac 4348 202! Nor Pacifie ref Ore Wash Istés... 9 91 9 109% 5 100 Port RL & P5¥42. 13 100% 106% 110% 108 104% 104% 104% 103% 1031 103%s 103% 102% 102% 102% 103% 103% 103% 105 103 100% 73 10014 99% 954y 104% 104% 104% R 102% 102% 102%% 103% 103% 103% 100% 1004 100% 9xly 96in 9Th 97% YTm 6 1081, 103% 103 1047 104 1047 103 9% 101 106% 106% 106% 103% 102% 102 105 50 96 B4% B4 B4y 100% 100% 100% 100% €0 100 102% 104 109% 109% 109% 104% 1041 104% 99% 99% 99% 100% 100's 100% 102 14 94% 944 94y 126 MY 108% 1091 94 100 17 91% 91% 97 B4 93% 97y BBY 99 ro2 101% 1 108% 108% 108% 01 93% . 12 100% 100% 100% 100 98, 8 107% 71 7 9314 98% 881y 55 1008 2 109% 109% 109% 9% 7% 9914 9614 99% 105 100 2 62% 62% 62% 1% 934 104% 9514 9 94K 94 94 11 100% 100% 100% 51 2 105% 105% 105% 9 110% 110% 110% 970 2 9% 9T% 9Ty 13 971 9Ty 97y 106 110% 25 99 ®0Y% 29% 90 17 100% 100% 100% 106% 64 65 89 79 6 97 7% 2 101% 1014 10114 9y 100 9% Ne%, 89y 90% 90% 901 96% 969 9615 BO% 50% 501 a1 100 101 90% 9 1 101% 101% 1013 10 100% 100% 100 9 10015 100% 100% 108 8 9K% 98% 98% 90 5 1024 102% 102% 102 £04 42 98% 954 98% Y97 107% 4 106% 106'% 106% 100 97U 2 102% 102% 102% 9% 8l 2 934 934 934 1228 1 105% 1056% 1054 881y 66 1% Iy 3 113'5 113% 113% 90% 10 100% 100% 100% 4 100% 100% 100% 2 103% 103% 103% 109 100 100 106% 110% 103 104 105 103 100% 73 1007% 99% | 5% | FIEH 87 98% 98% 99 961 984 404 9l | 96 | 98 101 105 50 96 100% 90 | 100 102% 104 102% 127 Y% 103% 109% 95 100 B84 99 102% 101% 101 934 100 88 107% 71 71 9314 93% B8 55% 100% 7919 9T% 994 964 99%, 105 100% 1% v 104% 51 ST 1061 111 250 99 80% ¥9% 90 106% 65 7% 92 100 91 100 908 9 10815 90 102 804 997%4 107% 100 974 79% 854 1228 881y 66 911 981 1% 109% 100 100'% g00d and choice (beef), 7.40a! SHOWS DROP IN MAY, Electricity Consumed by 3,804 Plants Indicates Decline From 1929 Figures. Special Dispatch to The Star NEW YORK, June 16.—Industrial activity in the United States during May declined 1 per cent from April and 13.1 per cent from May, 1929, but was on an equal basis with May, 1928, according to figures compiled on elec. tricity consumed by 3,800 manufactu ing ‘plants scattered throughout the country, Electrical World reports, The drop from April to May was slightly greater than the normal seasonal de- crease for this period. That American manufacturing opera- tions in the country, as a whole, con- tinue to be maintainetl at a near-bal- ance is shown M the fact that during the first five months of 1930, industrial activity has not varied by more than 2 per cent from the average for the period. Operations in the January-May period were 11.4 per cent under the corresponding time last year, but ap- proximately the same as ‘that recorded for the same period in 1928. Three sections of the country—North Central, Southern and Western—reporty ed increased operations during May, as compared with April. The South led with a gain of 4.1 per cent. All sec- tions, however, reported manufacturing activity materially under last year. Only the following three industrial groups witnessed increased operations during May over April: Food products, | leading with a gain of 15.8 per cent chemical products, 4.7 per cent, and paper and pulp, 44 per cent. These same industries are the only ones op- erating on a plane above May last year, Automobiles, including parts and acces- sories, reports the largest decrease un- der 1929, with a drop of 34.6 per cent, followed by leather products, with 3.04 per cent: textiles, 26.1 per cent; steel plants, 21.6 per cent, and metal-working plants, with a 19.3 per cent drop. STANDARD 0IL GROUP- IN DIVIDEND RECORD Second-Quarter Disbursements To- tal $68,590,901—Extras De- clared by Several Firms. Special Dispatch to The Star. NEW YORK, June 16.—Cash -divi- dend payments by companies in the Standard Oil Group for the second quar- ter of 1930 totaled $68,590,901, the l!.’a; est second quarter disbursements record, compared with $66,762,168 in the first quarter and $66,053,389 in the second quarter of 1929, according 1o, records compiled by Carl H. Pforzheime & Co., specialists in Standard Oil se- curities, Payments in the second quarter show- ing an-increase of $1,828,733 over the first_quarter were swelled by an extra payment of 20 cents a share by Stand- ard Oil Co. of Kentucky, bringing that company's disbursements to $1,539,271, against $1,026,180 in the first quarter, an increase of $513,091, and extra cash distribution by Southern Pipe Line Co. and Cumberland Pipe Line Co. from capital stock reduction account. The Southern Pipe Line dividend amounted to $5 a share or $500,000, while Cum- berland’s extra dividend amounted to $14 = share or $420,000. ’ Cash payments of the various com- panies in the group, with the exceptions * noted, were approximately the same in the second quarter as in the first quar- ter, although™allowance must be made {or a semi-annual payment by Northern Pipe Line Co. of $2 a share in the sec- ond quarter. The Solar Refining Co. & the semi-annual dividend due the second quarter. Baltimore Markets Special Dispatch to The Star, BALTIMORE, Md., June 16.—Potatoes, White, 100 pounds, 2.25a2.75: new, barrel, 2.7485.50; sweet potatoes, barrel, 250a 4.50; yams, barrel, 3.00a4.00; asparagys, dozen, 75a2.75; beans, hamper, bonl%; cabbage, hamper, beets, 100, 2.00a2.50; 50a1.00; carrots, 100, 2.00a3.50; celery, crate, 2.50a4.00; corn, bushel, 2.00a2.50; gucumbers, hamper, 25a1.25: kale. ushel, 40a65; lima beans, bushel, 3.00a 4.00; lettuce, hamper, 15a75; onions, bushel, 1.60a1.25; green, 100, 75a1.25 Dbeppers, crate, 1.25a2.50; peas, bushel, 1.00a2.50; radishes, 100, 1.00a2.50: spinach, bushel, 75a1.25; squash, bushel, 50a1.00; tomatoes, crate, 1.00a2.00; apples, bushel, 1.25a3.00; blackberries, quart, 8al5; cantaloupes, crate, 1.15a 3.25; oranges, box, 3.75a9.00; pineapples, crate, 3.50a4.00: strawberries, quart, 12a 20; watermelons, 100, 35.00a90.00. Dairy Market. Poultry, alive—Chickens, Springs, pound, 25a40; Leghorns, 20a30; old roosters, 13al5; old hens, 21a23; Leg- horns, 14a18: ducks, 18a20; guineas fowls, each, 50a75; pigeons, pair, 25. ' Eggs—Receipts, 2,614 cases; nearby firsts, 2275; hennery, white, firsts, 23'5. Butter—Good to fancy creamery, pound, 33a35; ladles, 24a25; rolls, 24a25; process, 20a30; store packed, 18a19. CHICAGO LIVE STOCK MARKET CHICAGO, June 16 (&) (United States Department of Agriculture) — Hogs, 43,000 head, including 20,000 direct; choice lightweight hogs scarce: strong to 10 higher; others slow; steady to 10 lower than Priday's average; top, 10.40; bulk, good and choice, 160-250 pounds, 10.15a10.20; butchers, medium to choice, 250-300 ds, 9.75a10.25. 200-250 pounds, 9.90a10.85; pounds, 9.90a10.40; 130-160 pounds, 9.60a10.35; packing sows, 8.90a9.60: pigs, medium to choice, 90-130 pounds, 9.00a10.10. Cattle, 15000 head; calves, 2,000 head; steer trace slow; weak to 25 lower: not enough done early to make a market; well conditioned fed steers predominating; light heifers and mixed yearlings getting some action. Bulls fully steady; she stock weak; early top, 12.75; slaughter classes, and choice, 1300-1500 pounds, 11.0 13.00; 1100-1300 pounds, 10.50a13.00; 950-1100 pounds, 10.25a12.75; common and medium, 850 pounds up, 7.50a11.25; fed yearlings, and choice, 750-950 pounds, 10.25a12.50. Heifers, good and choice, 800 pounds down, 9.25a11.25; common and medium, 8.25a9.50; cows, good and choice, 7.00a 9.00; common and medium, 5.25a7.00; low cutter and cutter, 3.75a5.25: buMs, 4 . cutter alers (milk- 11.75; me- steers, gooc to medium, 5.50a7.40; ve fed), good d_choice, 10. 0.00; cull ocker and feeder steers, good and choice, all weights, 9.25810.50; common and medium, 6.75a9.50. Sheep—Receipts, 10,000 head; mostly o1l & Snow (2). O&Snpf(4).. 1 Penn Kl pf (6).120s Penn Pw pf(6). 708 Penn Pw pf(7) 100s 25 higher; native lambs, 12,00 to mostly 12.25; top, 12.50; choice, 77-pound Idahos, 12.75 to outsiders; yearlings, 9.50a10.00; fat ewes, 3.50 down; lambs, good and cholce, 92 pounds down, 11.75a12.75: medium, 9.00a11.75; com- mon, 7.00a9.00; ewes, medium to ¢hoice, 150 pounds down, 2.00a3.75; cull and common, 1.00a2.75. MISCELLANEOUS. Barber & Ross, Inc.. com Chev n a) 14 ¢ BisC Natl sec. ptd (1) Emer. Brom R, o W Eacisert,. 1 4 Lenadn Monotise 40' ‘estern Pacifio pf.. 166 Western Union (8).. b T o 40 Westinghse .. B (3). 140 Westinghse E&M (5) 29% Weston El Instr (1). 37 Westvaco Chlor (2). 9 Wextark Radio Strs. 31 White Motors (2).... 364 White Rk MS(1434) 615 Wh wing Mach. 27i Whit Sw Meh pf (4). 111 Wilcox O1l & Ga Ind Steel 5s . Inland Steel 43% 78 3! [nt] Cement 65 48. . Intl Match 63 47 Intl Mer Mar Reading en 43 A. 5 100% 100% 100% | Rio Gr Wst Ist 4s.. 16 94 o 94 | 79 100% 100 100% 2 Y8l YR Y84 A... 35 91 903 90% 59 93% 928 93 « 3 103% 103% 103% 2 9% 99 99 3 100% 100% 100% Reybarn Co... . Reynolds Invest ' ' Becond Inc Equities Eecond Int Secur Corp Sec'1rities Corp Gen pf. Cor 6~ 1st pf ex-d « . 69% Plerce-Arrow pf (6). 1 PlerceOll. . itk 2| 7w 2% Pierce Petro 37% 29% Pillsbury Flour « 50% 42 Pirelll, ltaly (a3.14). 110 86 Pittsburgh Coal pt. . 22% 17% Pittsbgh Screw 1.40. 22% 20% Pittston Co (37%e).. 34% 25 Poor&Co(B) (3)... i2 B. 40 Prair! 44% Pra . T% Pressed Steel Car. .. 76% 52 Pressed StlCpf (7). T8 52% Proc & Gamble «2).. 44 11% 6% Prod & Refiners 1 40 31 Prod & Refiners pf.. 130s 123% K14 PubBerv.NJ (3.40). 412 981 921 Pub Serv'N J pf (). 112% 106% Pub Serv N J pf (6). 131 121 b 188 143 & SF pl Selected i ] Stand Ce Stand_Oil Trust Shares & W Stra: EBa | & ¥ S83RRL82238 35500 ISE Low Close 48% 484 25 2 96% O 0% YOU HOY 9% 99% 11 1025 102 3 93 w3 KenG& E6s 63... h\llwlnnl Stl 68, Laclede 638 '63. Lacleds 5348 D Lautaro Nitrat Third Ave ref Third Avead) Union Pac Unton Pae Unton Pac 4% Va Ry & Pwr 6 S35 o 25 Sou Pac ref 4s.... o Sou Pac 41869 ww 40 9x% 98 98 27T 80% 90% 0% B 109% 109% 109% 3118 118 118 B 124% 1244 1244 Sou Rwy Mo & 1 94% 94% 94% Tex Ark F8 7 105% 105% 105% 24 102% 1024 1024 110215 102 10234 93 Corp. 1.80) T 8 Elec Lt & Pr Share: s 'n St & British Int Co Ltd B ¥h 8 & i ine G0 Lia 43 of 34 Un 44 United Found Corp 1-70th com 35¢ 100% 9T 9Ty 112% 112 112 129% 129% 129% 157% 156% 167% 102 93 34 100% 974 112% 130 156% 3¢’ 94 5102 102 1 63 63 4 101%7101% 101% 21 McC'rmek KR 65'34 Manati Sugar 7% Midvale Steel b — 102 *= " “aties is historically the oldest (Continued on Page 15.) .