Evening Star Newspaper, June 17, 1930, Page 15

FINANCIAL. THE EVENING STAR, WASHINGTON, “CURB SHARESFIRM | TR ANSACTIONS ON THE NEW YO FOLLOWING BREAK D. C, TUESDAY, JUNE 17, RK CURB MARK Sal 1930. FINANCIAL, E% | WEATHER WILL FIX = PRIGES FOR WHEAT Notice—All stocks are sold in one hi those designated by the ~Prev 1930.~ Hish. Low. Stock an: Dividend Rate. ~Prev 1930.~ e High. Low. Add 00. Open. High, Low. Close. Schulte Real Estate.. 8 ~Prev 1030.— High, 27 Stock and 3 Dividend Rate. % Ulen & Co (1.60 -share lots Sal . Cl letler o (650) " (285) ‘ bt A Flee: € Market Shows Signs of Re- covering From Sharp De- cline of Yesterday. F. BY JOHN A. CRO} Bpecial Dispatch to Tre NEW YORK. June 17.—Groggy from the pounding it received Monday, the Curb Exchange staggered at the open- ing today, but showed signs of slight Tecovery as the session progressed when many pivotal stocks met support. Floor prices at midday, when the tape was 28 minutes late, showed the fol- lowing price changes from the previous close: "American Cyanamid B. 20'4, Up % Arkansas Gas. 9%, off : American Gas & Electric, 118, off 2's; American Superpower, 24, up 17 Blue Ridge, 73, unchanged; Cities Service, 25%. up !i: Electric Bond & Share, 81, up 2% Electric Shareholders, 20, off '4; Goldman Sachs, 22, off 2'sx: Middle ‘West Utilities, 27, up 12, and Shenan- doah, 11, up 1, - The opening reflected the finish of the previous session, when more than 150 stocks reached new lows in the widest general market break on the eurb since November 13, 1929. One of the notable differences be- tween today's session and those of last October and November was the com- paratively few large openings. Cities Service started on 33400 shares, the largest opening this vear, excepting the 250,000 Cities Service rights deal of last Saturday. The only other large openings were 18,500 ‘shares of Electric Bond & Share and 4,000 shares of Goldman Sachs. Even Missoyri-Kansas Pipe Line, which broke more than 50 per cent of its open market value Monday, following tem- grsry suspension on the Chicago Stock change, opened on a small lot. Favorable news developments were while all unfavorable an- nouncements accelerated the selling. Thus the declaration of & regular divi- dend by Newmont Mining did not pre- vent it from opening lower. General Electric Limited reported earnings of £1,179.007, against £1,084,078 in the preceding year, and only two days ago declared an extra dividend, yet that #tock opened down 7. BONDS ON THE CURB MARKET. — e lesin DOMESTIC BONDS. ousands Hign 3 Alabama Pow 55 '68. 102 13 Alabama Pw 4ips 67 7 Aluminum Co 53 '52. 1 2 Aluminum Ltd 55 "48 Am Cmwih Pw s 40 & ‘28, 98%, 55 28. 65 2016. 107 s 41 vice 55 61 Serv Gas 5las '42 87 867 6Cit Ser Gas P_8s '43. 983% 925 8 Cit Serv_Pow 5 1 8 87 7iy 86 Cont G & E 5s A '3 ¥ 7 Continen Oil 8l '37 0 Crown Zeller & . 96% 1Crucible Steel 35 '40. 99% 99° dahy Pkg 5ias '37. 97'% ia El Pow 8135 '50. 94la 94 v ’60 1 50, 1 T ww i 20 39 ww 9% 781z 91y '33101%, 1013 1015, 108 " 108 91%a 8% 0013 100is 100 01'2 1013 101 367 36 i s &8s A Paso N G 6izs 38 108 P & L 55 A 2030 91z 91'a e O&R 5135 '42 86% 86 anks Mor 3s '42. 97 Wat $1as ‘5 92 1 101 10 Trunk 8'3s '35 106% 106% 1083 Pa 55 '3 fon 10114 01 6 9770 9 A 4 € 8613 ndt Oil 6s '39 1047 1045 104is 123 Indnap P&L S5 A '57100 " &7 Iniand Util' 6 ' 38 Insull Dtilities 6s 1Inter Pw Sec 75 E 6 Intern Sec Am 55 47 v Power 5 ntersta 7Intersta Power 103% 103 2026 104% 103% . 973 967 .80 o8 31 ww 91 9 B8 57, 1011 101% 101t Lss B 9e 102 ta Pow 6'.5 '33 1027 102% 1027 nvest 55 48 ww. 80 80 80 w9 s 43 9814 '28 B 'S0 160 * 9 ean O Ed s '50 xw. 1037, 103 = 103 enn P &L 5s B '52. 1023 102:5 10215 ern P & L 8a D '83.102'3 10213 102'3 hila Rap Tr 6s '62.. 82'z 82 = 82 el Manage 55 ] 315 93ty 2° 70 F32eey SRS 288 G&E 5s A 57 94% 94'a 94 hw P&L 65 A 2022 1057, 1033 10834 ndard P'AL 63 57 9210 9913 90 ou ot 1 Repub 5 anish s 3 FS 6 65 A 11 Ruhr G Co Hous 61,5 6 Ruhr A 86 ‘56102 102 10: T8 '56 xw 9315 9315 95% 6155 ‘41, 91'2 912 9z - With anth w-_Without warrants. New When 1ssued. b4% 3364 bl 9 21% 2% B 162% i 13 209 17 109% 13% 0 28 8 Lifg b % 2% 24% 424 59% 2% . Dividend Rate. Aero Supply (B) 11% Air Inv, Ine, ev pf. 111 Alabama Pwr pf (7). Alexander Indust. All Am Gen Corp Allegheny Ga Alljed Aviation Allied Mills (60¢). .~ Ailison Drug St (B). Aluminum Co of Am Alu Co of Am pf (6). Aluminum Co, Lt Alumn Goods (1.20) Am Bevera Am Capital (B)..... Am Capital pr pt 5. Am Cit P&L(A)(a3) Am CP&L(B)(10%) Am Colortype (2.40). Am Com I'(A) b10%. Am Cwith P(B)10% Am Co'with Pwr war Am Control Oll Flds, Am Cynam B (1.60). Am Dept Stor: Am Equitie - Am For Pwr(war). Am Gas & Elee (31). Am Invest (war). ... Am Invest. Tne (B).. Am Laund Mach(4) .. Am Lt&Trac (n).... Am Machine & Fdry. 4 Am Maize Prod (2) Am Mfg Co (4) Am Maricabo. Am Natu Am Pneumatic Sv Am Superpwr (1) Am Superpwr pf Aun Super 18t pf (6). Am Thread pf(25e).. n B vte 400 vette (n) w.i.., Anchor P F (b10%). Anglo Chil Nitrat Appalachian Ga Arcturus Rad Tube, Arizona Power. Arkansas Nat G Ark Nat Gas (A). Ark N G cu pt(80¢) Asso Elec Ind (30e). Asso Gas & Else. ... Ass0 GEE (A) 12.40. Ass0 Gas&El ctfa(8) As30 GRE (A) db rta Asso Rayon 394 Asso Rayon pf (6). 223 Asso Tel Utl (b8 % W AtlanticFruit & Su 3y Atlantic Lobos. 154 Atlantic Secur Corp 4 Atlas Utllities(war). 5% Auto Music A(11.05). 4 Auto Voting Mach. .\ 91 Auto Vot Ma ev pf pt 24% Aviation Corp of Am 124 Aviation Credit 24 Bahia Corp. 70 Baumann(L) of (7 3% Benszon & Hedges. ... 194 BlisaCa (E W) (1).. 6% Blue Ridge Corp 264 Blumenthal (S)..... 35% Brasil Trac & Lt (3) 256% Brit Am Tob B 11.20. 2% Brit Celanese rcts. .. 24% Buft.N&EP pf(1.60), 82% Bulovacvpf (3%). 74 Burco, Ine... 3 Burco, Ino (war). 2% Burma Corp (t3le) 8% Butler Bros (30c) 3% Bwana M Kubwi 1% Cable & Wire A rets.. Cabie&Wire (B) rcts din Cab&Wire pf(27%e 22 Camden Fire Ins (1), 3% Canada Marconl.... % Carib Syndica 264 Carnation Co ($1%). 794 Celanese Corp pf(7).100 314 Cent Atlantic States. 30 Cent Hud G&E n(80e 32 Cent P8 (A) (a1.76) 94 Cen&SWUtilprin 7. 19 Cent States Elee 1400 97 Cent States El pf (7) 4% Centrifug Pipesoc). 2% Chain St Dev 22% Charis Corp (3 19% Chat Ph Al n-v (50, 19% Chem Nat Asse n-v. 106% Childs Co pf (7). 2b' Citles Service(230c) 58 Cities Srve pf (6).. 7% Cit Sve pf B (60¢). 82 CitSve BB pf (6) 14% City Mach&Tool(12) 43% City 8av B, Ltd(2.79) b6 Clev El [llum (1.60), 17 Clev Tractor (1.60).. 3 Club Alumn Utensils 11 Cohn & Rosen, Inc. .y 4 Colombia Byndicat 4% Colon Oil. . 26% Colts Pat Fire A (3). 10% Col Oll & Gas v.te... 24 Columbia Pla (31%). 83% Colum Pie v.t.c. §1%4. S Bomarnwmon P F) P S5 Suneiiouamos o Fanakemaar—g o 3 " e Eel- P L o LT o) e - 1% 108 1 7 P €T maBeEBeNN 8% 58U 5T 284 Com'with Edison(8) 3208 280 4 3% Com'with & Sou war. 12% Comm Wat Serv b6 % % Comstock Tunnel 16 Consol Aireraft % Consol Auto Merch. . 4% Consol Copper...... 1314 Cens Dairy Prod (2). 904 Con Gas. Balto(3.60), 21% Con Gas Util A 2.20 2% Consol Instrum 10 Consol Laundri & Consol Ne: tah 3% Consol Royal (§0c).. 161 Contl Chicago Corp ., 28 Cooper Bessemer(3). 38 Cooper Bess pf A (3) 5 Copeland Prod.Ine A. 7% Cord Corp....... 22% Corp Sec, Chi (b6%). 11 Corroon & Reynolds, 7114 Cor & Rey pt (A)(6), Cosden Oil. 30 # Cuban Cane propt w 34 Cueno Press (234 )... 40% Cumbeland P Li(118). 1% Curtiss Wright war. % Cusi Mex Mining 13'% Darby Petm (new) 15% Davenport Hos (2) 2% Dayton Air & Kng... 100 Deere & Co (11,20) 2% De Forest Radlo. Diesel Wem Gil, 4% Derby Oil Refining.. 5 Detroit Afrcraft 14% Doehler Die Ci r w). Dublljer Cond & Rad Duke Duq “'» Durant Motors. 25' Eastn G&F Ass 15% Eastn Sta Pwr B(1). 39% Eastn Util Asso (2 14 Eastn Utll Asso cv n Ut Inv (A) er Eelectric(1%) Bond&Sh pf wi(b) 75 K1 Bond & Sh (b6).. 108% K1 Bond & Sh pf (6). 245 Elec Pwr Asso (1).. "Pwr Asso A (1) Pwr & L op war 145 0). '% Empire Steel Corp. .. 224 Employ Reins(1%4). 1313 Europ K, Ltd A (60¢) 2 Evans Wallow Lead. 12% Ex-Cello Air&T (80¢) 2 Kabrics Fininshing.. 1% Fagol Motor. al Screw (3). . 50 . Ferro Enam A(14%). 17% Fiatreceipts (1.28). 1% ;lll Stock deb rts. .. % Film Inspect Mach.. 13% Fokker Alreraft.. 28 Kord Mot, Can A 1% 36 Ford Mot.Can, B 1134 644 Ford Mot,France 28¢ 10% Ford Mor,Ltd. 31 %6 214 Foundation For Shs. 2's Fox Theater Cl (A). 245 Galena Oll Corp. . 20 Garlock Pkg (1.20).. 136 5 Crown C&S pf(2.70).100s b 2 508 L esxzanansl i [ N T PT TreyepeyTyes. * 42 4508 2 43 1 5 1 5 3 45 46%, 118% 120% "8 8% 58 38 280 4 [ 14 20% 3018 1214 36 314 44 260 a1 14 49 166% 18 314 1% 35 44 204 2 14 314 205% 204 11% 83w 120% 104 2% % Intl Salt (new) 4 Interstate Pwr pf(7) 28% 10 % BR 85u 36% 25% 377% 50% an 112% 5 24% &l 495 1% 47% 26 104 a4 691y 20% 13 27% 108% 110 4% 3 12 % 12% 21% 5l 110 20 26 4% 4ln 30 1mu 26% 27 2% 14% 764 20 22% U7 21% 24 6n 15% 454 44 5 86 1% b4 100 4 31 EIEY 1% 6% 185 13 5 28% 39% frn 194, 2% 4% 13% 42% 164 21% 14% 29 32'% 1 40 107% 2% 18 % 37 By 81% 17 ™ 1 48 5 554 10% % Miss KPLv.te.... 104 103% 37 % 8 50w 3944 1051 16 20 2% 264 12% 1084 224 15% 16 12 50 19% 114 14 1749 o 11% 274 241 67 95% 2% 21 22% % 66 10% 3% 4 264 2714 10% 24 1 1% A% 334 11% 59 1 gtn&plul Corp.... E. Ltd rete(30e) Gen Empire Corp. .., w WAElAl'il). 1 Goldberg Stores (1), Gold Coin Min (new ( Golden Center. ..... Goldman Sach T C. Gold Seal Elec new. . Goth Knitback Mach Graymur Corp. . GrA&PTn-v(6).. Gt Lakes D C (new), Groc Stores Prod vte Guard Fire Asso(2).. Guif Oll of Pat1%4). Hall Lamp (1%).... Hazeltine Corp (2).. Heyden Chem (2).... Hires (CE) (A)(2).. Hollinger Gold (60¢c) Hormel (Geo) (2)... Horn & Hard (24).. Houston Oil of Texas Hudson Bay M & S.. Humble Ol (2)...... Huyler Storesof Del. Hydro Elec Sec (2).. Hygrade Food Prod. Imp Of1, Can, n(50e). Imp Oil. Can reg 50c.. Ind Pipe L. n (12%).. Ind Terr {1lu Ofl (A) Ind Terr Illu Ofl (B) Ind in otfs(b10% )., Insull Ut Inv (b Ins Co, No Am ( Insurance Sec(1.40). Intercoast Trade (1) Intercontinent Pet n. Intercont Pow A (2). Intl Cigar Mach (5).. Intl Petroleum (1),, Internat Products. oy [ T oS P SOPG O FOU -l P Ph 1 PP PRV O gt " . 2 o Intl Superpwr(31). Int] Utilities A (3% Internatl Util (B) I1ntl Utilities (wa Intl Util war (new) Interstate Equit Interst Ea cv pf(3). Interstat H M (1.40). n 3 Irving Air Ch(1.80).. Isving Alr Chute wae Italian Superpwr A.. Italian Super war... Johnson Motor. 3 Klein(R)pt pf($120), Kolster-Br (Am 8h) . Lackawanna Sec(4). Lane Bryant (2). Lefcourt Real(11.85) Lefcourt Real f(3). Lehigh Coal & N 1.40 - Ley (FT) &Co (3).0 Libby McNetl & L. Lily Tulip Cup 1%.. Lion Oll Refin (2) Loew's, Ino (war) Lone Star Gas, n ( Long Isl Light(60c Long Isld Lt pf (1) Louisiana Lan & Ex. MacMarr Store Magdalena Synd.... Mapes C Mfg (t3%). Marc Int M (5234¢).. Marine Mid (1.20) Marine Un Inv (1) Mass Util Asso. Mavis Bottling. .. ... Mayflower Asso (12) McCord Rad(B) (2)., Mead Johnson 13.75 Memphis Nat Gas. . Mer Cha & § (1.60 Mer Cha&S pf A 6% » ] > PP JOPPTS TV ~JOP T T8 SV S YT T T TSI S PN =T E S reL- SO - o " Sts Pet v.t.c. A.. Pet v.t.c. Bua Sts Ut (1%).. Mid Wst Util(b8%). Mid Wst Util B war. Midvale Co (4)...... Min Corp of C (25¢)., Mo Kan P L (b10%). = PO PN Miss Riv Fuel bd rta. Moh HP 1stpf (7)., Moh Hud P 2d pf(7).100: Moody's 1 S pt pt (3) Mountain&Gulf (8c). Mount Prod(1.60) Murphy Co (1.60) Natl Amer Co. Natl Aviation atl Banksve (5). . Natl Bond & S (26¢). Natl Casket pe ( Natl Fam Strs(1.60). Natl Fam S pf (2)... Natl Food (B)(b2%) Natl Fuel Gas (1)..n Natl Investors. .. Natl Pwr & Lt pf (1) Natl Pub Sv A(1.60). Natl Rub Mach (2).. Natl Screen Sve(2)., Nat Short Term Sec, atl Steel x-war(2).. 2 N e - New Eng Pwr pf () 1108 New Eng T & T (8)..150 NY Telpf (6%).... 258 N Y Transit,n(f1.70) Niag Hud Pwr(new). Niag Hud Pwr,A war Niag Hud Pwr B war Niles-Bem-P (12 Noranda Mines No Am Lt&Pr(h8%), Nor Cent Tex(60¢). . Northern P L (15).. 5508 Nor Sta Pwr A(8) N W Engineer (2)... Novadel Agene 123 .. Outboard Motor (B). Ovington Br pf(80c). Pac G&El 1st pf 1% Pac Pub Svo (1.30) Pac Tin Spec (5). Pac Western Oll. Pandem Ofl. Pantepec Oil. Param’t Cab( Parke Davis (11.55) . Pennroad Corp (20c) Penn Mex Fuel (2).. Peoples L&P, A 82.40 Petrol Corp wWar. .... Philip Morris*ne. .. Phillp Morris (A e.u Philippe(L) A t1.80., of Am A (2). Pierce Gov (1%). Pitney B P, n (200).. 1 Pitts & Lake Erie(5) 100 Pitts Plate Glass(2). 3 1 5 1 1 s 2 & Plymouth O11 (2) % Reynolds Inv 23, 20% 19y Polymet Mfg (31). Prince & Whitely 1.. Prince & Whit pf(8). Prudential Invest. Pub Util Hold w w. Pure OIl pf (§)...e0n 3 29 8 14 30 208 28 14% Pyrene Mfg (80c). 4. Radio Products 1. . Railroad Sh Cp(26e). RY & Utll Inv (A)... Rainbow Lu Prod A. Rainbow Lu Prod B Raymond Conerete ¢. Raymond Con pf (3). Relter-Foster(40e).. Rellable Stra(bs%) . Rellance Intl (A)..« Reliance Ma to Rike Kumbler(2.20). Roan Antelope Min. . Rocklans Lt&P($2e) Rossia Intl Corp.... St Anthony Gold. 21 St Regis Paper (1).. 40 St Regis Pap pf (7). 2008 Salt Creek Prod (2)., 7 P T T L] 1% 14 ble 281 285 224 5 22% 5% 23 254 1084 108 1. 1% 23 27% 98 274 10% & | Forbes & Ca., Alexander Brown & Son e 4 108 710167 Tozik 28 28 % 104 5% 9 12% 8414 2% Schulte Un be-31 St.. Seaboard Util (50e) .. Sec Corp Gen new (4) Seg Lock & H (50c).. Selected Industries., Sel Ind allotefs 5% . Selfridge Prov S 27c. Sentry Safety Con Shattuck Den Min Shenandoah Corp. . .. Shenan Corb pf ( Silica Gel Ctfs Singer Mfg (117).... & Sisto Finance Corp. . Smith (A O) (2).... South Penn O11(13%) SoCal Edpf B(1%). So Cal Ed pf C (1%). 8o Col Pwr (A) (2).. 8o Pipe Line (12)... Southland Roy (1) S W Dairy Products. S W Gas Utilits Stahl-Myer (1.20)... Stand Holding Corp.. Standard Motors. Stand Ol Stand Oil; K Stand Oil Neb.(13%) Stand Oi1, Ohlo(234).500s §t O, Ohlo of (7)... §0s Stand Pwr & Lt (2).. Stand Pwr&Lt B (2). Starrett Corp....... Starrett Corp pf (3). Stein Cosmetics. . ... Sterchi Bros Sto Stinnes (Hugo) Sunray Ol (4 Superieater (13%).. Swift & Conew (2).. Swift Internatl(274) Swiss-Am El pf (6).. Syraec Wash M B (1) Tampa Electrio (32) Technieolor, Inc. ... % Teck Hughes (600).. Texon Oil & Ld(25¢)., Thatcher Sec Corp. Thermotd Co of (7). Tobaceo & All Stks. . Tabacco Pr Expor Todd Shipyard (4) Toledo Ed cu pt (7 Transamer (31.60) Tran Con Afr Tran Trans Lux DL P § Tri-Cont Corp (wa. Tung-Sol Lamp (2)., TwinStNGA (1)... 64 38 [ 614 65 1 364 42 1 16% 44 . 30% 8% % United United US D (=1 ccaaqes wnmnnRann Utah A’ Utility Utility Utility Venezu Walgr Worth, Dividend rates annuaj payment. *Ex-dividend. tn eash or stock. 1 14 14 148 Ungerleider F Corp. Union Am Invest Union Tobacco. Unit Car Fastnr(§0e) 8 United Chem pf (3).. Unitt Dry Docks.... Un UtdLt & Utd Lt & Pwr pf(6). iry (A) (5). S Dairy (B).. ]S Elec Pwr ww J § Elec Pwr (war)., Utd Verda Ext (4). Utah Metal & Tunnel Utah Radio Util & Ind pf (134) Vacuum Ofl (143 ) Van Camp Packing. . Vick Financial Corp. 1PartL Pl b Pavable I stock. 4 Add 00. Open. Righ. Low. Close. 22 i3 23 264 28% 1% 31 19% 4% 16% M Corp (war). Eelec Service 267 United Gas Co United G United G Gt (war) pLAT) Corp ctfs PwrA(1).. Lines pf (1). & Overseas war, 1% 9% pex (50¢).... 2 -. 6% 16% 13% 211 10% 81 7 2% N M CO.euvuras 31% n Co (war)., 12 8% 2 Pwr&Lt(al). & Ind. . Bauity 10% 8114 2 2% gh 2% 12 ela Petrolm. . M £ 4% 14% o h Bl 8 Ine (A) Zonite Products (1). RIGHTS. Fireman's F I..June 2§ Hud Bay M&8, July 16 Expire Intl Nickel w. Int Salt. Lone § Twin 8ts NG, in dollars based on last quarterly or semi- extra. BALTIMORE BOND ISSUE MARKETED AT $98.729 Special Dispatch to The Star. BALTIMORE, June 17.—An issue of $8.285,000 ot 4 per cent bonds of the City of Baltimore yesterday was sold by the municipal commissioners of finance at $98.729. The successful bidder was a syndi- cate, headed by the Mercantile Trust Co. of Baltimore, and composed of the Guarantee Co. of New York, Harris and Baker Watts & €0. The agents of the high bidders estimated that the net yield on the bonds will be approxi- mately 4.11 per cent. Five syndicates bid for the issue, with less than half a point separating the high and low bidders. The lowest price offered was $98.219. Other offers were $08.412, $08.4809 and $98.699. The last offering of Baltimore City bonds, floated last Fall. was sold for $95.83 on a 441 per cent basis. A6 et i CHICAGO, June 17 (#).—Signs of immense export business being done in wheat from North America hoisted wheat prices today, especially during the late dealings. It was asserted in some quar- ters that in the last five days, while the markets have been depressed, 18, 000,000 to 20,000,000 bushels of wheat have been hought for shipment to Europe from Canada and the United States, chiefly Canada. Late rallies in stocks and cotton today tended also to send wheat prices sharply higher. With today's North American export business estimated as high as 4,000,000 bushels, wheat in Chicago closed strong at virtually the top point reached, 17 a bushel over yesterday's finish. Corn closed 113824 up: oats, 1al13; advance. and provisions varying from 17 decline to & rise of 17. December CORN-—- July . February OATS. December ¢ NEW YORK COTTON NEW YORK, June 17 (Special).—A more two-sided course of fluctuations developed in cotton trading today when an oversold technical position and a steadier stock and grain market caused a sharp rally of $2 a bale or more at one time, As there had been no evi- dence of improvement in trade positian and mills are curtailing in all direc- tions, the market met cotton on the upturn and lost the greater portion of the improvement the last hour. Final prices were about the lowest of the day and very little changed {from Monday's closing. Spots were vanced 10 points to 13.55. Cotton range: 5 December. old frtsteevireatriaiat | 2588253380 [ororvsrev. - | ] 88253385 DSON. NEW YORK, June 17 (#).—The Delaware & Hudson Railroad for the | firat quarter reported net income of $713,779, equal to $1.38 a share, com- pared with $1,069,461, br $2.07 a share, in the first quarter last year. U. S. TREASURY BALANCE. ‘The United States Treasury balance announced today as of close of business June 14 was $60,635,757.08. Customs receipts for the month to date were $19,114,887.08. Total ordinary expendi- tures, $5.464,54591. Frst Mortgage - Money 6. 6% BUILDING LOANS or IMPROVED PROPERTY Reasonable Rates Promps Action B. F. SAUL CO. 925 15th St. Nat'l 2100 DECLINE IN BANK LOAN TOTAL IS REVEALED By the Associated Press. Bank loans and investments de- clined $75,000,000 during the week ended June 11. ‘This decline was accompanied by an increase of $53,000,000 in net demand deposits, $21,000,000 in time deposits and decreases: of $8,000,00 in Govern- ment deposits and $19,000,000 in bor- rowings from regional members. Loans on securities, which at all re- porting banks were $41,000,000 below the previous week's total, declinea *123,- 000,000 in the New York district and increased $18,000,000 in the Chicago district, $16.000,000 in the San Fran- cisco district, $11,000,000 in St. Louis, $10,000,000 in Philadelphia, $9,000,000 in both Cleveland and Kansas City and On June about $1.30 $7,000000 in Richmond. All other loans declined $18,000,000 in the Cleve- land district, $11,000,000 in New York and $32,000,000 at all reporting banks, |and increased $6,000,000 in Boston. The principal change in borrowings from the system for the week was a de- | cline of $17,000,000 at the Federal Re- serve Bank of New York. Baltimore & Ohio. BALTIMORE, June 17 (Special).— Car loadings on the Baltimore & Ohio continued below the corresponding period in 1929 during the week ended | May 24. Loads originating on the lines totaled 38,865, compared with 44,875, while those received from connections amounted to 21,643 against 24,322. Coal loadings aggregated 10,336, contracted with 12,016 a year ago. 30th— Recent Favorable Conditions Have Resulted in Decline of Values. BY FRANK I. WELLER. (Written for the Associated Press.) Weather 15 the king upon whose cas prices wheat prices from now on largely will depend. The quantity of the new crop, both domestic and foreign, all of which i subject to the weather's behavier, wil] play the spotlight role in the drama of prices. vorable crop development was the dominant factor last week in sending domestic cash wheat prices 5 to 6 cents lower than the week before to a hall Just above the low point of the season, An increased offering of new hard Win« ter wheat, together with a slow ex “aqulry induced by large offerings of rgentine and Indian wheat, were sec. ondary factors in contributing to the brisk descent. While weather conditions now favor a good crop, the most erucial stretch lies ahead, in which the situation can be quickly reversed. Favorable condi. tions now are not necessarily a .l index as to the volume of the golden tide later, As compared with an 84.8 normal crog June 1, 1929, the condition of the Spring wheat crop in the United luu; on the same date this year was 85. per cent. The condition of the Cana- dian crop was 96 per cent, as compared with 100 per cent June 1 a year ago, Canada’s condition was the ‘same a4 the corresponding date of 1924 and little above the 95 T cent reporte for 1937, Strikingly lp&ll‘!nt is the weather's influence for the remainde: of the seasort when a comparison ef final yields for these three years i noted. The yield per acre last season and in 1924 was 11.9 bushels, while in 1927, when the June 1 outlook was the darkest during recent years, 21.4 bushel were produced, Harvesting of the domestic Wintes wheat {5 under way as far North af Southern Kansas, Southern Kentucky and North Caroli with weather fa. voring the new crop in the more North« ern areas. The crop June 1 was re« ported as 71.7 per cent normal, com. pared with a 10-year lven,e of 713 per cent and a condition of 79.8 per cent for June 1 last year. ' Fort Worth has received several more cars of the new wheat, and the first ear | of the season has come to Kansas City to mark the earliest arrival there sinee 1901, when the first car was received on the same day of the month. Increase of storage space in publi¢ and private elevators is believed more than offset by an excess of 185,000,000 bushels in this country over the quanti. ty of a year l?; It is not believed that wheat will bought at the pres- ent price to any great extent by Us lators to hold for a higher market, for they have been “burned” the last twe years by adopting such tactics at thiy season. If the wheat of the new erop moves fast into consumer channels the market will be strengthened. Western Auto Supply may sales oft | 1.5 per cent; five months, 1.2 per cent above year ag per share will be distributed to holders of CORPORATE TRUST SHARES ON June 30th, The Chase National Bank of the City of New York, Trustee, together with numerous banks in principal cities through- out the country, acting as Authorized Paying Agents, will distribute to Corporate Trust Share holders approximately $6,500,000 in cash, equivalent to about $1.30 on each share, as the cash distribution for the first 6 months of 1930. At current market price this reptesents more than a 13% return for the half-year period. Moody's Composite Rating " A” CORPORATE TRUST SHARES represents an ownership interest in deposited commen stocks of these 28 Companies— New York Central llinois Central Union Pacific Southern Pacific Louisville & Nashville. Pennsylvania Atchison Stand. Oil (New Jersey) Stand. Oil of New York Stand. Oil of Ind. Stand. Oil of Cal. Texas Corporation American Tel. & Tel. Western Union Con. Gas of New York Investors who purchase Corporate Trust Shares now will participate fully in this distribution. The amountof this forthcoming semi-annual distribution, while setting a new record for cash distributions by investment trusts of the fixed type, is not as significant as is the fact that Corporate Tru st Shares, since their inception, have consistently led all similar investment trusts in amount of cash dis- tributions actually paid to Shareholders. Including the coming payment to holders o distribution, actual f Corporate Trust Shares since their inception will have been atan average annual rate of more than 18% on the average price the period. of the shares for Investors who purchase Corporate Trust Shares now will also receive “rights” ex- ercisable during July, permitting the pur- chase of additional Corporate Trust Shares ata discount under current offering prices. Price at Market about 91, per share Descriptive Circular on Request GRrARAM, PARSONS & E0. 1422 WALNUT STREET PHILADELPHIA 48 WALL STREET NEW YORK 300 SOUTHERN BUILDING—~WASHINGTON READING SCRANTON PITTSBURGH BALTIMORE BOSTON WASHINGTON