Evening Star Newspaper, June 20, 1930, Page 15

FINANCIAL. CURB SHARES MOVE INNARROW RANGE |z Market Turns Irregular After Early Advance—Utili- ties Featured. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, June 20.—Stimulated by & series of overnight developments, the curb market opened higher today, but early gains ranging from fractions 10 6 points were largely erased in the first hour, after which the market quieted and prices moved with less uni- formity. Amou the utility leaders Electric mm & Share opened at 827, up 17%. mlday. ho'cven it was down near- Iy mego from its initial quotation. t & Power A s&)pelred at tlk up 1%, only to lose all its initial cmu Service opened at 28%. up %, but later down to 27)2. Standard a, however, opened lower, then reversed its trend. This was true leading investment such as Goldman Sachs, Trans- mflu and United Founders. Early improvement in pivotal utili- ties was speeded by the official an- nouncement of Electric Bond & Share that during the last few days it had been a substantial buyer of common stocks of American & Foreign Power, American Power & Light, American Gas & Electric, Electric Power & Light and National Power & Light. These five companies are associated with Electric Bond & Share. Brazilian Light & Traction opened up nearly a point in response to May net earnings of $2517,502, against $2,415,- 187 in May, 1929. Most of the selling in this issue has been coming from London and Canadian markets. Asso- ciated Gas & Electric certificates, which were weak in l;he kl);u few sessions, opened up 6 points today. %timy Investment responded to the declnluon of an extra dividend o( l% per_cent. comoml-ud Gas of 3 points higher In lhl first_hour. Swift & Co. rose fractionally follow- ing the announcement that it would receive a tax refund of $7,000,000 for overassessment in 1918. Libby, McNeil & Libby also advanced on news of & tax refund of $3,700,000. Marconi International Marine im- ed following reassuring cables from wflm about dividends. These dis- patches, however, indicated that no in- crease could be expected at this time. Canadian Marconi also was higher. Stutz Motor moved upward. Cord, which ‘was strong this week when other motors ‘were soft, continued its climb. American Laundry Machine, which acquired the laundry machine business of General Laundry Machinery for more than $1,000,000 cash, opened up a potnv, while the latter stock at 5 was down Y, The Curb abmitted four new ucumea today: Motor Bankers Corporation, Min- neapolis Northern Power, Common- wealt] Securities Incorporated and BONDS ON THE CURB MARKET. 102% 102% 992 g 22580 ac'3 s 10713 i3 5 g? %0l Sgg8igess i = - B22220E _=§=:! 308 Bt 250008 ) Sea8-S! SWRREE 435505 a0e. 8232322288532282337 e G Georgia Pflwer a7 10178 180% 1 5 Gulf Oil Pa - dotte lun. wm 99 4s.° 10314 10314 10814 s N o 65 '43. 115 1113 11113 5,78, 9 v112% 112 10024 nx. 33 0% 100% 1983 100 mm 1013 1013 b | 1023 102 102% C "84 102%, 101% 1027 o 10 § 102 99 90%s 90V 95% 953, 953, 10144 10154 10144 =N daaday EERREEH p: 26%, an Sweringen 6s '35 97'z irgin Ry 41:3 B ‘63 o m - e << dca ronlmn BONDS. 1 Aer M nk 7s '47 85 49 Buenos Mrn 8128 81 o0 ub 4% 95 Pas'a i xo'n 111 1074 Ford €5y s3 '8 5‘ 4 - 223! ISR WEEERESNE (3 g8383, se asssres 23883, 28 3880y < kd THE EVENI NG STAR, WASHINGTON, D. €. FRIDAY, JUNE 20, 1930. FINANCI TRANSACTIONS ON THE NEW YORK CURB MARKET 8! % % Allison Drug 356 245 Aluminum Co of Am 109% 105% Alu Co of Am pf (6). 244 18% Alumn Goods (1.20) ®% 4 Am British & Cont. 13 7% Am Br B fd shars 13% 7 AmCapital 28% 12% Am C P&L(B)¢ 28! 21% Am Com I'(A) b10%. 34'% Am Cwith P(B)10% s Am Co'with Pwr war 18 Am Cynam B (1.60). 3 Am Dept Stores..... 12% Am Equities......e 38% Am For Pwr(war).. 157 110 Am Gas & Eles (31). 109% 106% Am Gas&Elec pf(6). 16% 7% Am Invest, Ine (B 7% 2% Am Invest (war). 7% 54 Am Laund Mach(4) ¥9% 524 Am Lt&Trac (n).... 54% 36% Am Machine Al‘dry. 4% 1l Am Maricabo.. 19% 7% Am Natural Gas.... 26 18 Am St Pub8 A(1.60) 39% 0% Am Superpwr (1, 101% 9% As30 Gas&Ei otfs(8) Asso Laundrie - 13% Al Coast Fish bin Auto Music A(11.05)" T Aviation Securities. 2% Bania Corp... - 8% Benson & Hedge 18 BlisaCo (B W) (1).s 64 Blue Ridge Corp.... 33% Blue Ridge cv pf(a3) 6 Bourjois, Inc........ 35% Brazil Trac & Lt (2), 8% Brillo Mfg ceee 2% Brit Cejanese rcts. .. 24% Buft,N&EP pf(l.60). 2% Burma Corp (131¢) m 84 Butler Bros (30¢)..e 2% Cable Rédlo T v.t.c... 11 Cable & Wire A rcts.. 37 Cab&Wire pf(27%e) 313 Canada Marconi % Carib Syndicate. 264 Carnation Co (3134). 18 Celanese Corp...... 79% Celanese Corp pf(7). 313 Cent Auanuc States. 29 Cent PS (A) (al.75) 20% Cent & Sw U(b6%).. 1y Cent States Klec 3400 4% Centrifug Pipei60c). 2% Chain Stores Dev. ... 17% Chat Ph Al n-v(50c). 184 Chem Nat Asso n-v. 11% Chicago Corp (The)., 2414 Citles Service(33uc) 38 Cities Srvo pt (6 53 Clev El [llum (1.60). 17 Clev Tractor (1.60).. % Colombia Syndicate.. 314 Colon Oil.., .ee 10% Col Oll & Gas v.te... uw. 234 Com'with Edison(8). 6 3% Com’'with & Sou war. 12 Comm Wat Serv bé% 3% Consol Auto Merch.. 3% Consol Copper.. 1335 Cons Dairy Prod (2). 904 Con Gas, Balto(3.60) 2% Consol Instrument. . 10 Consol Laundries. ... ;K Consol Royal (60¢).. e [ e 3 g FRmER e e < kel ke 3 210 107% 1084% 8% 8% 3%k 56 41% 2% 190 €08 295 295 221 1 3 1 Contl Shares cv pf...100s Cooper Bessemer(2). Copeland Prod,Inc A Cord Corp...esuscea Corp Sec, Chi (b6% ). Corroon & Reynolds. Crocker Wheeler. ... Cuban Cane pr opt w Cuneo Press (2%)..4 Curtiss Wright ware Cusi Mex Mining. . v Dayton Air & Eng... Deere & Co (11.20). De Forest Radio. ... Derby Oil Refining. Detroit Afrcraft.... Doehler Dis Casting Douglas Alr (76c)... Dresser(SR) A(3%). Dresser (8 R) B (2)., Driver Harris(new). Dubilier Cond & Rad Duquesne Gas (new). Durant Motors. ... Durham Hoslery (B) Easta Util Inv (A).. Eisler Eelectric(1%) El Bond&Sh pf wi(5) " % El Bond & Sh (b, 109% 103% El Bond & Sh pf 19 Elec Pwr Asso (1).. 16% Elec Pwr Asso A (1) 20% Elen Pwr & L op war 15% Elec Shareholdg(31) 4 1T Evans Wallow Lea Fabrics Fininshing.. Fedders Mfg Co(A).. Fiat receipts (1.25). 4 Flat Stock deb rts... Flintkote (A) (1%4). Fokker Alreraft.... Foltis Fischer Corp. . Ford Mot, Can A 1% Ford Mot,Can, B t1% Ford Mot,France 2 Ford Mor,Litd. 31% Foremost Dairy Pr.., Fox Theater Cl (A). Franklin Mfg pf (7). 4 Gold Coin Min (new Golden Center Goldman Sach Gold Seal Eleo 314 Graymur Cor| 190 GrA&PTn 290 150 14% 11% Groc Stor: 4 30 204 27 166% 120 Prod vte Guard Fire Asso(2). Guenther Law (2)... Gulf Ofl of Pa(1%). Happiness Candy. .. Hecia Mining (1).... Helena Rubenstein. . Hudson Bay M & Humble Ol (3) Hydro Elec Sec Hygrade Food Prod. Imp O1l. Can, n(s0e). Ind Terr 11lu O1) (A) 4 [nd Terr [llu Ofl (B) Ind ¥in ctfs(b10%). Insull Ut Inv(bE% ). Ins Co. No Am (13) .. [nsurance Sec(1.40). Intercont Pow A (2). Intercont Pwr war [ntercontinent Pe Intl Petroleum (1 Int] Superpwr(21). Int Utilities A (3% internatl Util 1B). . Tntl Utilities (w: $ Intl Utll war (new). ir Chute (1). [rvink Air Chute war iren Cap Copper.... 8% Itailan Superpwr A.. b ~ s Tolulo GRnsraarrosato snanie g [0 P =IO PP - - Smn= TS .. 1308 200 Great Lake D&D t10. 108 234 4 2% ]2% % 3 4% 3% 21% 2% 33 107 235 12 32 3 26% 27 26 128'% 129% - ® = » & la ndflndanku—Mh-flo-.flalfi.fl!da»aflu 1% 11% 19% 19% 1% 1% 3% 3% 112% 112% LU LY W 210 106% 106% 18% 184 3% 4 [ 8 8 16% 17 22% 2% 421 43% kel % 194 19% % b% 144 164 41% 4% 115 115 107% 108% 8% 3u 16% 14% 31w 1% 38% 114 17% 1 Sales— Aaaum-.l!‘ l"flu‘. ].tn,_ Klelnert Co (2%). % Kolster-Br (Am Sh). Lefcourt Real(11.35) Lehigh Coal & N 1. Leonard Ofl......eu Lerner Stores (2)... Libby McNell & L. .. Lily Tulip Cup 1% 8% Lion Oil Refin (2). 3% Loew’s. Ine (war)... Lone Star Gas.n (1), Long Isl Light(60¢). [nullllnl Lan & Ex. Mapes C Mfg (13%). Marc Int M (52%¢).. Marine Mid (1.20)... Mayvis Bottling. . Mayflower Asso (12) Mead Johnson $3.75.. Met & Min. Ine(1.30) Met Chain Stores. ... Mid Sts Pet v.te. A.. Mid Sts Pet v.te. B.. Mid W Sts Ut (1%).. Mid Wat Ut (b8%). Mid Roylty ev pf(3). Midland St1 P 2d pf.. Midvale Co (4)...... Miller & Sons (2). T T =TT P, a 3 Moh Fud B 2 pecTy. 268 Mo Kan PL (b10%). MissKPL v.tc.... Mountain&Gulf(8e). Mount Prod(1.60). Natl Amer Co. Natl Aviation. Natl Baking Co....e. Natl Bond & S (25c). Natl Container pf(2) Natl Fam stuu..)lo). Natl Pub Sv A(1.60). Natl Screen Sve(32).. Nat Sh Trm SecA 150 Natl Steel x-war(3). 1 Transit (1). Niag Hud Pwr.A war % Niag Hud Pwr B war i Shars Md(40e), Noma Elec (1.60) 4 Noranda Mines (2 No Am Aviat A war.. No Am Lt&Pr(b8%). Noth Euro O11 Corp, , Nor Sta Pwr A(8)... Ohio Coppe: Outboard Motor Bl . Pac G&El 1st pf 134, Pac Pub Sve (1.30) Pac Western Oil. tepec O! Param’'t Cab(b8%) Parke Davis (11.55) . Pennroad Corp (20¢) Penn Mex Fuel (2).. Pa Water&Pwr(3).. Peoples L&P. A a2.40 « Petrol Corp war. Philip Morris, Ine. Ple Bak of Am A (2). Pllot Ra T(A)(1.20). Pitney B P.n (30c).. Plymouth Ol (2) Power Securities. Premier Gold (24¢).. Prince & Whitely 1.. Prince & Whit pf(3) Prudential Invest. Pub Util Hold w 44 2 2 17 4 Puget Sd P&L pt (6) 10s Pure Oil pf (§) . Pyrene Mfg (80¢). Railroad Sh Cp(25e). Rainbow Lu Prod A Rainbow Lu Prod Raymond Conere Reiter-Foster (40¢ % Reliance Intl (A). Reliance Manag. Reynolds Inv Rike Kumble: Roan Antelope Min Rocklans Lt&P(92¢) Rossia Intl Cor Ryan Consolida Safety Car H&L (8). lzh + St Anthony Gold St Regis Paper (1) Salt Creek Con(40¢). Balt Creek Prod (3).. Savoy Ofl....c.evee Schift(The) Co (2).. Schulte Real Estate.. Schulte Un 6c-$1 St.. Seaboard Util (50¢). Sec Corp Gen new (4) Seg Lock & H (50¢).. ected Industries., Sentry Safety Cont. . Service S L(A) 2.60) 300s Shawingan W (2%).. Shenan Coro pf (a3). Silica Gel Ctfs. 4 Smith (A O) (2). South Penn Oil(12%) SoCal Ed pf B(13%). SoCal Ed pf C (1%). So Col Pwr (A) (2).. Southland Roy (1) 8 W Gas Utilit), Spanish & Gen Spigel May 8 v((l%) Standard Motors. ... Stand Oil Ind (3 Stand Oil, KY (11.80) 1 10 4 310 s 2 3 5 1 2 4 8 1 1 Stand Oil. Ohlo(2%) 3508 St O1l, Ohio of (7). Stand Pwr & Lt (2).. Stand Pwr&Lt B (2). Stand Screw (8) Starrett Corp. Starrett Corp v Stein Cosmetic: Strau Stutz Motor Sunray Ofl (40¢) Swift & Co new (2). Swift Internatl(3%) Tampa Electrie lll) ‘Technicolo Tenn El Po 1st pt(") Thatcher Sec Corp. . % Tonopah Mining samer ($1.60' Tung-Sol Lamp (2). 4 Ungerleider F Corp.. Un Nat Gas, Can 1.60 Union Tobageo UnitCar Fastnr(606) United Corp (war) Utd Founders(b3. United Gas Corp ctfs Utd Lt & Pwr At1).. Unit Verde Ext ( Utah Apex (50c) Utility Pwr&Lt( Utility & Ind til & Ind pf tility Equities. Vacuum O 4rei).. Venezuela Petrolm. o rew - IS 1151 - FUSOVPYHIPES -+ T 8% 3% 1% 60 134 ~Prev 1930.=~ 6% Viek Financial mwunmnu(un 1 ao Walgreen Co. .. 17 13 Willlams R C(1.40).. 64 Wil-Low Cafeteria.. 2% Winter (Benj). . 58 Winton Engine (4).. Bales— ummnm mu.eun.lun. Low. Corp. .-nw 1m— 3 3 Mo Kan Stock and Rate. muo.- Dividend High. Low. 2“ W “Y"Oll&Gas....... 1 1% 1% 21% 14% Zonite Products fl). RIGHTS. % & Hud Bay Mas +* % Intl Nickel w.i. 4% 1% Lone Star Gas 4 1% 1% Ty 18 2o % N .Jlll 3 I M 2% Pipe.... Jun!il 3 & % Dividena rates in doliars based em last quarterly er snnual payment. *Ex-dividend. tPartly extra. stock. in eash or GRAPE AND APPLE SHIPMENTS START Agriculture Depar\ment Calls Peach Crop Only 47 Per Cent Normal at Present Time. ‘The Southern California grape sea- son, the Agriculture Department reports, opened with about 20 cars last week. Condition of all classes of California grapes is much higher than last year, but not up to the record of 1928, First shipments of 25 caxloads of new-crop apples were also reported. Cold-storage holdings of 1929 crop apples on June 1 were 18 per cent greater than stocks of | the year before but 10 per cent below the five-year average figure. Citrus fruits promise to be much more abundant than last season, with June condition reported around 80 per cent of normal in Florida and 95 per cent in California. Production of peaches and apples may be just about the same as the light crops of 1929, but pears may be 7 per cent more plentiful. Only in New York and California is the condition of the ™ | cherry crop better than that of last Michigan and most of the West- % ern States report lower condition for % | duction_and cash-track prices cherries than in 1929. Nearly all Cali- fornia fruits promise to be abundant. Potato Crop Short. Potato producuon ln the early States. and especially in inia, will fall short of the record ox ast year. The second early group, however, has had more favorable nowlnqlcondmom and expects a 15 per cent larger crop than in 1929. Potatoes last week were mov- ing most actively from North Carolina and Oklahoma. The price trend was downward, although a temporary ad- vance occurred in consequence of rains and light shipments in North Carolina early in the week. Imperial Valley cantaloupe output showed a marked re- were higher. Peach markets were dull, though Georgia forwardings increased greatly and other Southern States began. String beans were moving very actively from North Carolina, Tennessee and Virginia, Tomato Shipments Heavy. ‘Tomato shipments, chiefly from Mis- sissippi and Texas, continued at the |In th high rate of ‘325 cars daily, with prices mostly lower., Lettuce was draggy in Far Western shipping areas and ter- minal markets showed a wide range of prices. Eastern lettuce values were very low. Cabbage prices registered a slight- 3t | ly upward trend although the situation for this crop was not very encouraging. Movement of cabbage from Tennessee increased, while Virginia decre Onion markets were slightly ‘Watermelon values declined everywhzre. as shipments from California and Texas together doubled to a daily average of 300 cars. Combined move- | ga¢i, ment of 32 fruits and vegetables de- creased slightly to 18,600 cars, mainly because of lighter shipments of canta- loupes, cucumbers and strawberries. ‘The strawberry season was rapidly closing. Light Crop of Peaches. Condition of the peach crop in June was only 47 per cent of normal. This is the lowest June report for peaches since the very poor crop of 1921. Th~ forecasted production = of 45443( bushels would be about four-fifths of e average for the preceding five years. In 10 Southern States together, the cro may be 15 per cent less than their 192! production, or around 10,000,000 bushels. In the Western peach States, production is expected to be 70 per cent heavier < |than that of last season. A slight % | 97 per cent in in Wi than offset by the expemd increase of peaches this season. California elln(lwne peaches showed the greatest contrast with last year, 84 per cent, compared Wwith 34 per cent. Freestone peaches also reg- istered 84 per cent of normal. Movement from Georgia last week had increased to 205 cars, but was only half as heavy as a year ago. Nortl Carolina shipped half a dozen cars ane ‘he season was beginning in South Caro- lina and Alabama. INFERNATIONAL BANK HELPS MONEY MARKET & Special Dispateh to The Star. BERLIN, Germany, June 20.—The activities of the Bank forjInternational Settlements are already being favorably felt in the German money market, which is especially important, as serious need for cash prevents the Reich and state treasuries from supporting the market, as they frequently did until Summer of last year. The easy money market which has prevailed the t week is believed to be due primarily to the Bank for lnter- natiol sememenu. which_is treasury bonds and other public unm- cates. Financial leaders are confident that the bank will exert an influence similar to and even stronger than that 8% | of S. Parker Gilbert, agent general for reparations, who was often instrumental in bringing about easier money condi- tions. " (Copyright, 1930.) NEW YORK COTTON NEW YORK, June 20 ( lal) — Under & continuation of e most active trading of the season, cotton & | prices advanced further today and after nervous fluctuations of more than $1 a bale ended 10 to 18 points higher c‘Z?.. than on Thursday. Strength of the July position on the eve of notice day next week, and co- | operative associations accepting deliv~ ery of actual cotton, had a steadying effect on the whole market despite the action of stocks and grain. Final prices % | were about the best of the day. Spots | ood: i were advanced 10 points to 14.05. Cotton range: Low. 3 S S28383023° Close. 13. December, old .. December! new Sasuas RS | B38323832F prrir NEW YORK BANK STOCKS NEW YORK, June 20 (#).—Bid an asked prices on the stock of |¢.dl New York national banks d companies follow Na Bank of America ase National Manbattan Co Natlonal " City Bankers cn;mm ex-div & Mentraciirers \STEEL PRODUCTION New York ex-div.. 1P1us axtra fn stock. © Pavable in stock. d Payable in preferred STOCK AND BOND AVERAGES Ry the Associated Press. Prom Yesterday's 5:30 Edition, Three years ago, 'IG aver. . 1200 High (1930). s 4 Low (1930) Three years High (1930) Low (1930) DECLINES FURTHER Lack of Demand Causes Slowing Up | of Output—Prices Unchanged. Cushioned only by excellent backlogs in line pipe in the Pittsburgh and ‘Youngstown districts and by moderate backlogs in ship plates in Eastern Penn- sylvania, finished steel demand and pro- duction have retreated further this week, says the Iron Trade Review, Cleveland. Current requirements of a majority of steel consumers are lighter, and interest in the third quarter is negligible, espe- cially In those districts placing major reliance upon automotive, rallroad and farm implement business. Smokestacks of some Mahoning Val- ley sheet mills already Wre rusty, and| he July and August promise to be the low- est months of the year in automotive demand, largely because of shutdowns contemplated by Ford and other impor- tant interests. Freight car builders at Chicago have| practically worked off their orders, and have inquiry for only 3,200 cars before them. Implement manufacturers apé proach inventory time with large stocks. e past few days there has been a noticeable depression of sentiment in quarters where a week or two ago some hopes for improvement were voiced. Steel prices continue irregular and vulnerable to concessions. but tI of buying and consequent ure the market a semblance of stability. Producers, however, feel that prices in the main will go little lower, and while willing to contract a short distance into the third quarter, are avoiding long- term commitments that would pmlu le taking advantage of any strength that developed late next quarter. Some quo- lons are not far above costs. ‘Though the price situation still con- tains soft spots, the lack of buying cloaks them. As a result the Iron Trade Review composite is unchanged this week at $33.52. Its average for May was $33.73 and for luc June $36.94. GRAIN MARKET CHICAGO, June 20 (#).—All de- itveries of wheat dropped today to below any prices heretofore reached this sea- son, and in some cases to beneath quo- tations for n?ny years back. Disturbing reports about’ Federal Farm Board ex- penses being much larger than had been looked for were current, and a good deal of luenthf: was also given to an- nouncement that a bill had been intro- duced in Congress looking to repeal of the act und!l' which the board is operating. Aside from such factors, the heaviest rains in Canada this year were reported as having come today just in time as hot dry winds were doing in- creasing damage to crops. ‘Wheat cloud henvg at about the day’s 212827 a bushel lower yesterday's finish. Corn closed %alls off; oats, %a% down, and pro- visions, 2a10 up. Cloge: ;:8‘2? 8 cember INTEREST RATES By the Assoclated Press. Interest rates on time funds re- mained unchanged during the week ended June 14, as compared with the previous week. male reunt level, however, is_still | under that for the nmo Period of 1990 e following co sons are given, representing um 1025 averages, as 100. Week ended June 14, 85.7; previous week, 85.7; same week last year, 188.6. DIVIDENDS DECLARED NEW YORK, June 20 (#).— Regular. Company. Rate. fiod. able. Aero BupDiy A 350G July “NoF - gorstendibe, E "lb rflq“. o Nat Shawmut | Bk, 15 Ehila Tnsul Wire 3250 Selected Am Sh: Stearns (F) & Co.l" 3 =iuRa 8; po:EEoonnanflnnzzzi 00020000 ZZEE000" OOOD: Bklyn Boro G as. . July 1 Hartford Gas.. June 3¢ Initial. 13175 @ July 1 b SEPAR LI Increased. Stuart (DA) &CoA.30c @ Reduced. Magma Copper......81 @ r Stock. Bl terg % M uee e “Pavable o Canadian currency. Al El_Mfs Ghobe " Under, July 1 June 18 June 30 | July 18 | 97000 Tnsull NEW YORK, June 20 (#).—Stocks weak; bear selling unsettles market, and sympathy steady. Ho-mkflg CHICAGO STOCK MARKET By the Associated Press. CHICAGO, June 20.—Following is the complete omchl list of transactions in stocks the Chicago Stock Ex- High. Low. Close. v 383 4 59% % 30 il i £1 RN opnSS8: VR EEE F T 430 A0S el 17% fiuburn ‘Al;no 50 Buicoar, o8 & 2888 & & - & ey £ alox- wmxr' 230 Brow Rpromraws & 5§ BNRE L EEBLTRNEG . ou S SEE SHBEEE8SEERNE! 353 §=;.j=“ =gty 5’51‘-;3;-3;3;‘832:225:..:& st " 53 t 50 Construct, Mat i nt Chica Swe e T i oy W Soggzos. asge s & S 2 ! - % fifi:“‘x’n U pf ind Be) LT e BERSZLE! & st s SEEBTRRE N L v NEENE e s AL Sl FEEE Mo WRBE2E! S NLE AT RN L Uil id West Ut 6s 00 Mid West Uti1 B B Wt 1% (R s Thind, A lan 4300 Midiand iy lan 380 Mial 3350 Midiand L Bun nagaseeans . a3 i Fa a58; sl B E 500! FEESE 282,585 2 P2 S-SEEEEEREatLgur ESS SBEeres: 3 BT oF ssezsy oonowe b 28 . EEE O ] F - 52,355 S e = _,_'._.5_;;u_. s euur M-l & i mpson d R nllormer ex in St Nat G E58asun.ane.yy ??" 2 SEEIEE .. E2258 5 S55944! 5 EF 258 T 85sx e s L £ S:l:a‘;m:;:!ia.;ss owa iggadad, ®unm Sagd (s i S LNEE S ssissude nun £ 5S5a S o2 o Shock “sales toduy, ‘37900 ‘shi BONDS. 8 40 101% 100% 1 Bond sales todas. siikope o 100 100% Sihnianf S8 SILVER QUOTATIONS. NEW YORK, June 20 (#).—Bar sil- (ver, 34%. = & . *FF i o B2ENEEREEs. LSS AL, A—15 BUSINESS UPTURN 1S SEENBY WRIGHT Economist Believes Improvec Conditions Are Indicated After End of July. No one is courageous enough to fore. east an immediate broad upward move. ment in stock prices. but it is feit that although more new lows may be es- tablished, investors be stamipeded into selling good securities held for long-pull price appreciation according to Gage P. Wright, New York business and investment counselor in the Jatest issue of the Busi- omic Digest. "Unde'rlylnx fundamentals bearing on the future course of security prices and are not considered by most au- thorities to have altered during the last few weeks,” says Mr. Wright, who con- tinues: “Alf the course of business activity is currently near, or perhaps a low the bottom established in approximately normal volume should prevail. Meantime, we may the course of business to present an unsa isfactory appearance during the Sum- mer months. However, we are a| downward trend prevailing during the latter half of last year. During the first half of the current year, monthly figures have been compared with the corresponding months of 1929 which represented periods of unusual activity. erefore, it is reasonable to suppos that the unfavorable psychological ef- fect on business executives, created by the comparisons made with last year, will soon be removed. ““There has hardly during the last six or seven years when advisory ve been so uniformly curity prices. In '2‘:3;“"1 inntnn' cer ew nces Taktious or bessimistc, they Tesommend or , they 1 en t tundl be invested in com« maintain However, there appears to be no one so courageous ,as to forecast an immediaf ups ward movement in stock prices and there seems to be a feeling that durin next month or llx weeks the markel is Iluly urning movement with little nl'.hzr on the up o1 down ndz, and, even though more new lows may bushed it is most em- hlficllly believed investors hold« Tn. good securities lhuuld not liquidate.” Special Dispatch to The Star. BALTIMORE, Md, June 20.—Pota« toes, vlhlte 100 pounds, 12.50; new, 4 ; sweet toes, barrel, barrel, 3.00a4.00; ase do-n 5a2.75; beans, hamper, , 100, 1.50a2.50; cabbage, pfl' 5.00a7.50; carrots, 100, 2.008 4.00; cele crate, 2.50a4.0 corn. bushel, 2.0082.50; cucumbers, 25a1.25; lima beans, bushel, 2,50.400 15a75; onions, bushel 751.00; squash, ham o pl;ru I'msh:l. 1.250 4.00; strawberries, q‘ul melons, 100, 60.00a7 Dairy Market. lllve—cmckenl. a‘rl‘ pounn, horns, 20 Toosters, 13115‘ old hens, 21a23; lflv horns, 14a18; ducks, 18a2( inea fowls, each, 50a75; Dlleona. ml.r ; nearby firsts, n’/.. Bout.hm firsts, ny, Butter—Good to fancy pound, 22a35; ladles, 24a25; mlll. | process, 29a30; store packed, 18a19. Hay and Grain, Wheat—No. 2 red Winter, 9£515; No. 2 Winter, rlu:ky, spot, 97'%4; June, 97%; Corn—No. 2, domestic, yellow, new, 90a91; cob eom, 4,50. Rye—Nearby, 65a’ o-u—wmu, No. 7, 4975a50; No. 3, 48 Vz -Reeeivu, 47 tons. The general hay market continues quiet undzr lizhl receipts, mostly bu for export, Cattle—Receipts, 200 head; light sup- ply, market dull. Steers—Choice to prime, none; good to choice, 10.50 to 11.00; medium tq good, 9.50 to 10.00; fair to medium, 8.5¢ to 9.50; plain to fair, 7.50 to 8.00; com- mon to plain, 6.00 to 7.00. Bulls—Choice to prime, none. to choice, 7.50 to 8.00; medhlm'? 7.00 to 7.50; fair to medium, .50 m 7.00; plain to fair, 6.00 to 6.50; com« mon to plain, 5.50 to 6.00. Heifers—Choice to prime, none; good 4 |',o thmce, 9.00 to 9.50; medium to good, .00; fair to medium, 8.00 tq 8.50; plain to fair, a'ls o 8.00; common to_plain, 6.00 to 7. Fresh cows and apflnnn, 50.00 w 110 00. ipts, 600 head; fair sup- ply mukefi lower. Lights, 10.30 tq 10.60; heavies, 10.00 to 10.80; mediu; 10.30'to 10.60; roughs, 7.0 to 9.25; ligh pigs, 9.75 to 10.25; Dlll. 10.25 to 10.50, calvu—fleeelnu head; light sup- %yéo market steady. Calves, 6.00 ta e g R e 00 b to 3. gm' lambs, 8.00 to u%m Washington Prodice ter — One-poun mh ny,nw, AL Prindy Riy 24a25; current re Eggs—Hennery, cel] Ll"z;lliu 'oul alive—Spring brollers, large 38a40; small, 33a35; Leghorns, 20!2’3' fowls, 20a21: Leghorn fowls, Mnl‘l‘ roosters, 14ai5; ducks, 15. Dressed— Spring brollers, large, 45a47: small, 404 42; Leghorns, 30a33; fowls, 24a25; Leg horn fowls, 19a20; roosters, 17; ducks 24a25. Meats, fresh killed—Beef, 20a23; veal 20a22; llmb 25a28; pork loins, 28a32 fresh 25a27; fresh shoulders, 22| lmoked hams, 27; smoked shouldera 22; bacon, 27; lard, in packages, 13; ir bulk, 12. u:'e stock — Calves, 9'2; Spring h-ulu—Applu. box stock, 3.501 hes, 3.00a3.50; watermelons, 751 cantaloupes, 2.50a3.50; honey: , 3.00; honeyballs, 5.00; peach nefi 3. WMW cucumbers l ml 50; squash, Bhl Plan Inornu in Stock. NEW_YORK, June 20 (#).—Consoli- ,d-m Film Industries has notified the New York Stock Exchange of a proposed increase ln authorized common stock ta 600,000 shares from 400,000,