Evening Star Newspaper, June 24, 1930, Page 15

FINANCIAL, l“awgt'“- Moves in Small . Range, With Volume at Reduced Rate. Y ~ BY-JOHN A. CRONE. S e e ¥ er ay, sf on Cirp Batanar e soday: stocks, m the somewhat in the third hour. Trading ‘was ull The uthlities showed signs of im- provement, with floor ers insisting that & series of consolidations are now Uhder way which will be accomplished Within the next few months. The low levels reached by some power and nqm shares in the last 10 days have enabled companies seeking such properties to pick up some “cheap’ stocks. Electric Bond & Share, after open- ing lower on a block of 5400 shares, Tallied and regained all of its early loss. American Gas & Electric held fairly close to its opening level, which repre- ' sented an advance of nearly four points. American Superpower moved within a half-point range. .. Cities Service fluctuated within a half point, rising a small fraction above its low reached in the first hour, Gold- man Sachs was virtually unchanged, while Transamerica pointed fractionally higher. Reduced volume and narrowed fluc- tuations marked the forenoon trading. Sales during that period amounted to only 275,800 shares, against 515,700 in the same period Monda: . Gramaphone receipts were down 615 points at a new low of 177. A. O. Smith showed a recovery of 5 points. These issues, however, represented the extreme fluctuations. International Utilities A and B shares @nd warrants did not' respond to the sale of Dominion Gas & Electric Co. to American Commonwealths Power Cor- poration and American Utilities & General Corporation. Both Common- wWealths Power and American Utilities, however, fractionally eased. This sale is believed to end, temporarily at least, the three-cornered fight waged by Chi- cago, Toronto and Montreal interests for control of International Utilities properties. BONDS ON THE CURB STIC BONDS. Potianas, 2O PR Low. Close. 2 Alsbama Pow 5s 1 102 102 96 8% o 05 188 3 Aluminum Co 88 10 Aluminum Ltd 5s 983 fl!:a 8 Am Cmwin Pw 6s, ] n : 2 81% l"’n 107 1074 981z 98 9612 100% igg’- h_Gi 1063 1073 12 Gas 98 Ql‘ 4 P & L 5s 98, 98% 8 Asso Electric 4'as 8 5 - 1As G & E 4%as "48 w 8 Asso G & E 28 Asso Gas & 1Ass0 Gas & 2As50 G & 323 Reloll s -= 4 Bell Tel Ci 5, 1=neu Tel & Bos, q Bt & < on 1Buff Gen EL aterpil Tr 5s § Cent. Eleg 3 Cent St P&L 3 Chic_Ry_co 98 -+, 4 Cig Str Re 8ias 3 86% 419 Cities Serv s 1 k 4 Cities Service % 832 - 3Cit Ser Gas 88'a 8612 2 Cit Serv Gas a 92le 3Cit Serv o 865 3 Cleve Ter Bld s 1069, 10834 2 Cons 2 la 98 9Cont G & E g 89' 25 Gontinen Ol 8 i 2 Crown Zeller 6s Lo 7 8 Crucible Steel 5s ‘40 98%, : 2Cudahy Packg Ss '46100% 100 , 2Denv & Salt L 6s '60 65 65 65 i 5Det C Gas 5s B "50.. 100% 100% 100% . 3Det C Gas 6s 1074 107 107 12 Let Int Brdg 69 7 1 Det Inter B 54 Y 28;10\1“:! Gas 6s '45 96l % 5 Edis El Bost 101% 101% 101% 2EecP &L % 2% 7 Empire O&R § : 1 Fairbanks Mor 9612 963 962 . 1PFederal Wat 58 1 s ;l‘l’nwn! 'fll‘ 4 _1Pisk Rubber 1 Flonds P& L atineau T glflnelu Pow 1§ Gen Ve 2 Seortle Pomer 8 Gecrale Power 7 Guif o1l I 5 Guif Oil Pa gfl““ St U:I' Ql‘ 08 ous GG 8Vas 4% iHcumouif Gesa 43 9310 8214 83 - grade s £ 's Y 1 flnou P& LS 93 # Dz 12 Indnap P&L 58 5 3 2 - “11niand Uti'es 1631 1083 q03 1. 4Tnsull Utilities 6s 46. 104% 104% 104%% 37 11 Insull Ttilit 6s B 40 10082 100% 100% 17 Intersta Power :‘ 57 s E 7 2 Inves Co 55 A '41 xw Inv Eq Ss A 47 xw 77 3 Kans & E 65 A 2023 106'- 106 106'% 1 Kelvinator 6s '36 xw 87% ‘s 87 1 Koppers G & C, 58 47 9 * 98 8 Kopper G&C 5izs ’50103 102% 103 high P 8§ 6s 6 1042 10412 104'% 4 Libby McN & L 5s '42 91'a 91'z 913, 1La P & L 5s '57... 9712 972 97'2 1 Manitob P _5'3s A '51103 ~ 103 ~ 103 30 Mass Gas 5s '55. . 98 98 98 3. 112' 112 112 . 92 92 92 ww1l0 110 110 v 94 94 84 i 100 100 100 2 100'2 100'% 100} 100% 100% 100%s 10134 1013n 1013 8lte 91 91} 1084 10884 10848 8 6 6 “ias e, 5% ‘Pow. 8 ‘50 106, $ Nor Ind P S 55 D 66, 10i% 1Nor Sta Pow 6las '33 1022 1 2 2 Ohio Pow 4l3s D '56.. 9434 943, 943 30 Ohio Riv Ed 55 '51.. 101%a 101% 101% 4Pac W O 6125 43 ww 94 ° 93 ' 1Penn O Ed 5iis B 59 99% 99% 0% SPenn O Ed 6s '50_xw 103 ! i 1 a0 1;133 10234 1 104% 10¢% 1 3 76 | 16 101% 101% 101 102 ° 102 ° 102 974 9 a8y 018 ‘ex Ut 55 A ~——&-Westvae Chl I sius FOREIGN BONDS. /3 Buenos ‘Alres 61,5 ‘1 89% 73} Buen Air Prov 897 ¥ 52 96° 98 08 of Buen Air Pr 754 '47100% 100% l?":'f 8% uca_ Valley 7s “48 74 2.; Bk Co €% B Gnile mtg Bk 65 3 3 s & 2"332!:5‘:??'28233&§ 283888 - W & 233223 LIBINI e & ‘ 107, Y Y 03 o 1 o gl'z :: 2 veed . & i L | , 8 : l%‘i 81y 87l = L3 s 0% 1 S SN 1 TN ’k H 8 ;3;" B g ; It 951 95 95 1] www s | - When issued. NG ON CURB stocks are sold hundred-share ~Prev 1930. Stock and Salese g ihote ‘Secienaih oy he ol sty e | ien Tow DiviaesdBate, 86400, Open. Run. tow. closm ‘those stacks 1o be sold tn 648 lots 56 40 Long Isl Light(§0e). 2 404 404 404 404 I~ permereper s o ek * 5 2% LouistanaLan&BEx. 1 2% 2% 2% 2% low. Dividend Rate. Add 00. Open. High. Low. Close. agynd.... 6 “ A 5% Aero Supply (B) 6 6 8% 6 64| o7 g1 :}:g"égflmm). 1 u* @2 42 23% 10 Aero Underwriters, 3 AE 1 brin €1.20). 10 30% 80% B30 30 9% 3W Alr Investorsv.te.. 3 el 7y 3 6W 64 6u 64 4% 1% Aléxander Indust. 2 2 on 1 Tw W 18% 9 Allied Mills (80c). F P i 19 o Aluminum Co o 8 Asso 1 58 B8 109% 108% AluCoof Ampf (8). 1 1083 108% T B e 124 12%1 W 184 Alumn Goods (1.20 118 18 | 33% 26 Mesta Mach (11.80).. 1 26 26 :lou. :“ — ::v;r‘;n = % g‘; 139. 8% Met & Min, Inc(1.20) f :3% }g% 18% 7 AmCapitalpf (B)... 1 G 13 g L8 49 36% AmCit P&L(A)(a8) 2 36| g to. 10 2% 24 28% 12% AmCP&L(B)(10%) 12 16%| 38 25% Mid Wst UtI(b8%). 19 26% 27 331 20% Am Colortype (2.40). 2 28| % "1 Mid wat Ut Bwar. 2 5% 6% e e L B ¥, 245 164 Mid Royiy evptia). 2 18 18% % Am Co'wi war L n (2).. 3 17 s 17% Am Cynam B (1.60). 49 18 ggv. lzg" i'k',‘éxs.‘,lfx':‘ifb'x'u.%), 1 24 24 22 12% Am Equities.......c 23 18%| 36w 15 Mo KanP L (b10%). 51 234% 284 76% 38% Am For Pwr(war)... 1l 4dh 44% 40%| "6 1 MisSKPLV.tc...o 9 W 1% 167 104 AmGas&Eles($1). 19 112 114 108 109 | 15 & Mount Prod(1 60,y 1 8% 8% 109% 106% Am Gas&Elee pf(6). 2 107 107 1064 d06% 7% 2% Am Inve: 8 S| 12% 7% Natl Amer Co 5 ™% 8 T a 3 13 “18 Sin oou % M 21 ) 3 1 “ T 37%| 325 16% Natl ScreenSvei2).. 2 30% 30% 48 48 | 14% 12 NatShTrmSecA$i0 6 13% 18% fih 1';’% 76% 50 Natl Steel z-war(2). 5 ggt gsu 1 215 26 18 AmStPubSA(LE0) 1 lsk 1ss 18% 1s% 1 1T 179 3914 20% AmSuperpwr(l)... 222 23% 28% 22 22 Neet, Inc, ev A(1.60). 1 16 16 101% 94% Aun Super 1st pf ( 2 99 99 9 99 NepiCorp (1.30).... 2 18% 20 156% 7% Am U&GenBvtc40s 28 84 8% & 84 Neptune Meter (2)... 1 20% 20% 14% 7% Anchor PF (b10%). 19 % 6 TH Newberry (JI)p£(7). 1 T 9TW 43% 15% Anglo Chil Nitrat 6 284 80 28% 20 New Eng Pwr pf (6). 208 89% 89% 14% 8% Appalachian Gas. 24 10% 10k 9% 9% NJZinc (12%)..c0ee T 66 67 23% B ArcturusRadTubs, 2 & 8 8 g Newmont Min (34 1 8% 864 16% &% ArkansasNatGas... 13 10% 10% 10% 104 New Quiney M (10¢). ' 30 % % 16% 84 Ark NatGas(A).... 34 10W 104 9% 10 N Y&Hon Hos(t1%). 2 9 9 8 5% AssoElec Ind (30e). 10 B 6w 5% by N Y Rio&Bu Afr 8 e 51% 37 AssoGas& Elee... 3 88 28 37 7 N Y Telpf (6%).... 258 11416 114% 461 50% AsSoGES (A) 12.40. 18 10% 3U% 8014 30% Niag Hud Pwrinew). 76 161y 160 147% 97 Asso Gas&Bletfs(8) 50s 102 102 10z 102 Niag Hud Pwr.A war 8 ah Ah il 64 AsS0G&E\A)dbris | § g Niag Hud Pwr B war 1 94 60% 89% Asso Rayonpf(8).. [0s 45 43 43 48 Niag Shars Md«40¢c). 5 131 # ' AtanticFruit&Sug. 1 % % W Niles-Bem-P (12%).. 5 267 26 16 AtlasPlywood (2).. 1 16 16 16 16 Noranda Mines (2).. 15 209 5 3% Atlas Utilities(war). 1 3% 8% 3u 3% No Am Aviat A war.. 1L 2% 16% bW Auto Music A(T1.05) 2 54 bW b4 bW No Am Lt&Pr(b8%). 2 657 &% 3% AutoVotingMach.., ¥ b 5 5 & Nor Cent Tex(60c).+ 14 6 56 24% AviationCorpefAm 7 88 40 36% 36% Noth Euro Oll Corp., 12 2% 17 12w AviationCredit..... 2 14% 14% 144 14% Nor&Sou Am Corp A, 1 be 8% 154 Nor Sta Pwr A(8) 7142 142 141% 1417 50% 45% BancomitCorp(L60). 2 4B% 4B% 45% 4o% N Eaginese 3 2 38y ¥5w z6. 22 1674 147 Bell Tolof Can (8)... 508 147 1475 147 147% 0% 18 s 0o (B W) ()0 2. 30 51 1% 20 Qhlo B Tell cu pf (1) 508 1141 114 1144 114% 18% 6% Blue Ridge Corp. 8 " ] % Ohio Copper. % % % 44% 33% Blue Ridgecypf(ad) 14 35% 864 83% 34% Ohio Ofl (4). 27 6 € 64 G4 55% 86% BrasilTrac&Lt(2). 85 40 40% 38% 38% % Ollstocks, Lt R 28% 25% BritAmTobB11.20. 1 26 26 26 26 28% 28% BritAm Toreg t1.20 2 26% 28% bl 26% PacCoastBispf3.50 1 9 90 90 90 5% 2% BritCelanessrcts... 1 8w 3w 3% 3w Pac GEEL1stpfiM. 6 27 274 27 274 0% 24 S"R‘th.., PL(L60). f ’3* =% i Pac Pub 8ve u‘.lllh.. 1u fiv. f:s‘: 22 = 10 urco, e 7 ity [« ™ 1 4 4" 4« Buro Do v 239 39 39 a9 Pandem Ol SEA Sy g 17% 8% Butler Bros (30c) 2 8w SW B4 8K FantepesOflicoocu 1 2. 2 2 2 , Param’t Cab( . M oaw 4 RS L Do B LSRR L Pennroad Corp (20c) 69 11k 11% 10% 10% rird g; itk 0 a e i; Popperell Mty u)A..no: 9: 9 8" s ) catmEias 0N 1% U 2y PetralCotpwabirie - 4 BN 8% o ow S 6 CentAsiantioSaWar (S JTk th. 4K 4 PleBakof AmA (2). 2 33) 83 32w 324 31w 20% Cent&SwU(b6%).. 5 21% 21% 21 21 Pierce Gov (13%) 108 M ¥ 1 42% 284 CentPS(A)(al8) 9 31 1 8 30 PllotRa T(A)(L30)s 1 4% 4% 4% 4% 39% 1y Cent States Elec 3400 27 22% 28 21% 22 P.n (20e) 2 121 12% 12 12 8% 4W Centrifug Pipe60e). 2 . 6% b4 6} 6% oaatMiE i, 108 ¢ 5 9 S i deriieckd S R e TR Y 5 Plymouth Oll (2)u.ee 1 204 244 24% 24% 17 9% ChanStoresStosk.. 1 1% 1i% 1i% 11w Prince & Whitely 27 10 10m ww 9% 25 17% ChatPh Aln-vible)s 9 18% 18w 17% 17m Prince & Whit pf(8). 3 6% 36% 36% 35% 25% 18 Chem Nal ABson-v. 6 19m 19%h 1% 1y Prudential Invest... 12 14 14 13% 13% 17%. 10% Chicago Corp (The).. 5 103 10% 10% 10% Pub Utll Hold w wus 17 164 16% 16 16l 14 1084 ChlldsCOBE (7). o0s o 10210 110 110 110 Prudence Cop (7)... 108 100% 100% 100% 100t 44 24 Citles Serviceifdoe) 1§8 27U x7M 264 26w ¢ Puget Sd P&L pf (6) 608 9% 9814 9815 Y8y Y " Clark Lighter (A) o R Pyrene Mfg (80c)... 1 Th T % % 2 52 bow B2 62w Railroad ShCp(25c). 2 64 6K 6k 6% . e, A LR Railway & Lt S(16).. T6s 67 67 65 65 1 8% 4% 8w an Shbim s R e 10 %% 10 8% 10 Rainbow Lu Prod B.. 11 8% 3% 3u 8 54% 83% ColumPiov.te.$1%. 1 84 84 34 34 Reliable Stra(bs%). 1 13% 13w 13% 13% 335% 284 Com'with Edisoni8). 208 256 286 286 286 Reliance Intl (A)... 1 8 8 8 8 6% 8% Com'with & Sou wAr. 196 3% 8% 3% 2% Reliance Int Corp(B) 1 214 2% 2y 2y 19% 11% Comm WatServbé® 3 114 1% 11k 114 Haliance Mabag..... % 1% % 107 10 1% % Consol Auto Mareh.. Wi W oW oy Reynolds Invest, ... 4 8% 3% ConsolCopper...... 8 & . 4 8% 2% Rich OILCal pf(1%) 2 1T 18% 17% 184 10 13 Cens Dairy Prod (2) 9 13% 144 13% 143 Rike Kumbier(2.20). 6 28 28 28 28 136 90% Con Gas, Balto(3.60) - 7 114 . 415 111 111 RollsR,Ltd rcts t50e. 1 104 104 10% 10% 30% 21% ConGasUtl A 2.20.. 1 28% 3% 23% 248 Roosevelt FeldInc.. 1 38 8 3 3 16 10 Consol Laundrie 1 1% 1% 1l 1% Rossia IntiCorp.... 3 6 6 6% 6% 4 45 ContcniCpevp EoAN A n e RyanConsolidated.. '1 4 4 4 4 77 71 Conul Shar (6)..1268 76 79 76 79 P 17% 6 Cord Corp.. 6 oh 6% oM 6 110 90 g ae Som '3 Corfoous Reynolaa. 4 10w 10w 0 b 1o 1k 1 1o 20% rroou & Reynolds. 0 11 R 4% 33% Cosden OIl 3 36 36 33 43 it U TR e 1 10% 20" 201" 30 Schulte RealEstate.. 4 6 6 6 § o el i Seaboard Utll (50c).. 2 5% 5% 6% 6% 1% 17% 184 10 Seaman Bros (3).... 2.36 36 36 36 1 H e Yooy il B . Sec Corp Gennew(4) 6 33w 33 3214 321 Bls 84 CuneoPress (23%)..c 2 88% 88) 3814 38 b5 byt b - LR s N 14 Curtiss Wright wafe & 2 2 i oon Selindallotefs5%. 1 66% 664 661 664 e e A v Sentry Safety Cont.. 7 4w 4% 4 4% 2 veen . %N % % Service SL(A)2.60). 2 40 40 40 40 8% 2% Dayton Alr & BEag... 11 % A% 8% 4w Seton Leather (2) 1 1% 1% 11% 11% Deere& Co (11.20)4s- 17 96 96 87w 8714 Shattuck Den Min. 6 5 5 5 5 De Forest Radlo... - 48 8% 8% 8 3y Shenandoah Corp.... 5 9% 9% 915 DeHavAiritdretboe 2 6% 6% 6% 6% Shenan Coro pf de 4 37% BT 8Ty 37 Detrolt Alreraft.... 12 5% 5% 51 6% Silica Gel Ctfs 9 15 Detroit Gasket(1.20). 1 18% 18% 18y 18% Singer Mfg (117). 108 Dixon (J) Crue (8). 165 Sisto Finance Corp. 1 Douglas Air (76¢).. 6 Smith (A O) (2) Dresser(SR) A(3%). 1 40 40 South Coast. . 1 % 44% 31% Dresser (SR) B (2). 1 3% 3% 3a% 3oy South Penn O11(f2K) 4 374 87y 1081 99 Driver Harplspf (7). 10s° 98% 98% 981 9815 SoCal EADfEU1%). 3 26% 26% 26w 26w 131 4 Dubilier Cond & Rad 1 W b4 bw SoColPwr (A) (2).. 1 24 20 24 34 209 - 145 Duke Power (35)... 1285 146 146 14¢ 144 Southern Corp. 2 5 13 5 5 17 11 Duquesne d 20 10w 10w 0w 5 W Gas Utiliden. .., 18 14 114 1o 1 2% Durant Mot . 3 E s 3 3 Stand Holding Corp. 17 21 6 DuvalTexSulwi.. 2 6% 6% 6% ‘6% Stand Inves pf(§}). 808 Td Standard Motors. ... 13 42 26% Eastn GAF Asso. 27 324 A2n. 82 a2 4 95 91 EastnG&F Aspf R TEAR IR T Y Stand o XL a0 i o= e ) Lol ST b oy Stand Oil Oh1o(2%).7508 78 87 771 87 J D 2 E f L o 43 394 Eastn E“‘A %0 ¢ St Oll, Ohlo Dt (1)... 20s 116% 116% 116 1164 bt s 1 Starreut Corp. 3 20w 204 20 2 - B s Starrett Corp 4 33 30% 33 3 oo ié:.n!:;fils';l;;e"y:(‘:)’ % Stein Cosmetics. 2 6 6% 61 6% A ¢ 4 L 117% 704 Ei Bond & Sh 1b6).. s 3 it AL i 109% 103% EI Bond & 8h pf (6). Stuts Motor 4« 24 24 2 391 19 Elec Pwr Asso (1).. FavONINeetacn. S W . k. & A oot S i SwanFinchOil@30c). 1 7. 7 7 7 | 108 B2 El Sharehold pf (6). oS 15% 12% Empire Fire ins..... 2 1 Eleetric (12) 1 65 65 65 & 80 22% Employ Reins(1%). 2 25 25 25 25 :gv, ggw ?2!’.’.‘3.7“:0..'"‘.’3... 12 390 40% 27-‘. ?'w 5% 41l EurekaPlpeL (4).. 1508 42 42 42 42 | 110 106% Tenn El Po st pf(7)125s 106% 107 = 108% 107 28 12% BuropELLtdAtS0s) - T 124 13 124 13 | "16% 14 TemnesseeProd (t1). 1 14 1¢ 14 ‘14 9 3 Buro B fthon 3 4K 4K 4K 4%| 15K 8% TexonON&LA(2Bc), 4 13 18 13 13 7 5% 2% ThatcherSeeCorp.. 2 3 3 21 2y ey ::::'.’,:,T 3:,",':,‘“ i GO0 1 &7 70" ThermolaCoptifin & 70 70 70 70 11K 8% Fedders MfRCo(A). 2 9% 9% 9w 6| 63 44% Todd Shipyard (4).. 1 46% 46% d46% 461 9" B% Federal 1 6% 6% 5% 5% | 47% 284 Transamer (11.60).. 59 304 30% 29% 2915 17 Fiat rec 3 174 1% 17% 17w 13% 4% TransLuxDLPS.. 1 8 8§ 8 g 18% Fokker Af 1 1% 19% 18 1sng 9 4 Tri-ContCorpiwar) 2 B b 4% 4 Ford Mot, Cas % 4 29% 304 29 zow| B58% 36 TriUtiities($1.20).. 7 36% 39% 86w 8uis Ford Mor.Ltd 87%e. 27 14% 14 2| 58% 45 Tri Utilitles vt (3) 1 46% 46% 46% 46% Fox Theater Cl (A)e 17 9 9% w7 TubszeChatel (BY. 11 ™4 W e 74 28% 14% Tung-Sol Lamp (2). W 1k 15 15 Garlock Pkg (1.20).. 1 21 21 3815 28 Tung-Sol L pf (8) 2 304 20W 30 80 g"";".f’“";‘. . 11:. 2’;‘!'1\ ‘;u 15% 11% TwinStNGA (1).ee 1 11% 1% 11% 11% en Baking p! Y 2 Gen E. Ltd rcta60e) 25 11w 11% Unzerleider F Corp.. 9 224 22% 92 203 Gen Laundry Mach. 10 & 5 5 5 Union Am lovest, § 35 BT mu my et 1 6 31 81 £0 80y Un Nat Gas, Can 2 6 26 26 Gon W WARIAT. 7 27w as 214 28 % Union Tobaeco. BT el g oy Glen AldenCoal3... 66 98 98 98 93 | 44 80 UmiedChempf(3).. 3 82 82 32 g Gleaner Harv,n (2). 1 6% 26M 26% 26%| 80W 124 United Corp (war).. 8 17% 1715 16% 16% Globs Underwriters. 5 10% 11k 10W 10| 26% 1314 USDairy (B)...... 8 18% 18% 18% 1ss, Golden Center. 7 3 K 8K 8W % 4% Unitt Dry Dock 2 4% 4w AR an Goldman Sach T 204 204 181 184| 17% 15% United Eelec Servica 1 164 164 16W 161 Qold Seal Glesmew.. 1 :% 24 2% 24| 44 20 Utd Founderstb2.35) 106 20% 20% 204 0% Gramphnerste 1. & 17 104 17 17%| 28% 124 United Gas Co mew) 181 1% 134 2 GtLakesDC(new). 4 28%°28% 28 28 | 114 5 United Gan (war: 5 Guard Fire Asso(2). 2 80 80 30 30 | 99 92 United Gaspf (1) 1 01% 91% 20 Quenther Law (2)... 4 284 261 24% 24%| 427 20 United GasCorpectfs 2 21 21 1667 117% GuIfOllOf PAC1%). 19 121k 1214 120 120 | 56 27 Uta LeaPwrAll).. 98 31% 38 g i 5 g5, % HormaHadaaw).. 196 @ a5 35 |00 £, DMGRGETRCR ) LGN S0 27% 13 Houston Ofl of Te: 35 16 1e% 16 15 1 % Onit et Ohom (A) T 1 7 Hugson Bay M& T e aiiial %) w52 UsDatre A B)es DY 45, 68 19 78 Humble Ol 42)., 11 86% P8l 88 88 | .5 151, US Kleo Pwrww. ... 40 12% 13 85 36% HydroElesBeo(®).. 18 36% 37% 38K 38W| g5y oy U 'S Finfablog pect).200s 89 #0W 80 18% ImpOIL Can.n(G0e). 32 20 20 19% 19%| 26% 17% USFoll¢B) (1)e.ss 1 18K 18k 28 19 ImpOil.Canregb0a. 7 19% 194 19% nu: 5% 36w USGypsum (1.8 ® 39% 80% 41 3¢ IndPlpel.n(tzM). X 38 8% 32 3z | 75 52 US&InuSeolstib). 4 56 56 63% 8% Ind Terr IlluOfl «B) 3 8% 28% 28 28%| 20% 11 USLinespf(1)..... b5 12% 1% 24% 17 Ind “netfs(bl0%). 2 184 18% 184 184) 23 ~ 14% US&Overseaswar. 7 14% 154 71 63% 1 Ut Invb6%), 2 b4 b4 +4 54 | 16% 9 UnitVerdeExt(2).. 3 9% 9% 85% 65 InsCo. NoAm (13).. 4 664 67% 664 67%| 28 144 Utility Pwr&Ltial). 16 16% 16% 23 15% Insurance See(1.40] 2 16 16% 16 16u| 23% 124 Utility &Ind... 4 13% 15% pLy % I[ntereontinent Petn 29 % W 3 % | 20% 21 Ut & Ind pf (1%). 1 21% 21% 21% 21% 3 2% Intercont Pwrwar,, 1 2% ?fi 2% 2| 22 10% Utility Bquities..... 2 12% 12% 12 12 2, 7% Intl Petroleum (1).. 11 18% 18 17% 1T4| 97 76w VaouumOD (4%).. 16 T TT% MK T T% 2% Internat Products... 1 4% 4% 4% 4% % e i e b G T R 4% 2% Venezuela Petrolm.. 17 24 24 2W 2% 50% B4W IntUtilities A.(3%). . 3 44 44 43% 43| 61 30 Walgreen©o........ 2 34% 34% 34% 4% 19% 6% Internatl Utll iB). 11 14 1% 135 13%| 18% 8K Walker (H) (1) & 9 9 8% 8% 4% % IIntl Utilities (war) 11 % % % K| 4% 1% Walker Min (1%@).. 6 1% 2 1% 2 16 8% Interstate Dquities.. 11 8% &% 8% 8%| 19 %1 WaynePump....... 2 18 13 13 13 46 I:v. :nnrn n.H : l;u sglw s;w a:‘e West Tab & Sta (2).. : agu- ag:f- 30% 8?‘}4 10% 64 Interstat (1.40). Wil-Low Cafeteria.. % 8% Sl Bl 71 12 Irvingawchuted). 25 1w 1% 14 14 Woodles Petroleum. . 3 4h 4 4k du 18 Y Itall s AL L 9w Yl 9w W W h, (A . " & 19% 15 Klein (DE)Cot1):. | 18 18 18 18 £ 204 9 Klein(H)ptpf($120) 1 9% 9% ¥4% 94 5 mg’%’:“;‘ — 3;:;;'" R L 12 8% Lakey Foundry 1 4% 4w 4% 4%| & % Intl Nickel w.l...... B3 % W k& Lazarus F & R 216 16 16 36 4 24 InsCoof NA.....Oot 1 1 2% 24 24 2 L ek T R e TR S R S L e o [0 Kan Plps 'une ¥ 30% 17% Lily Tulip Cup 1.20 20 20 20 Dividend rates tn dollars based om last Quarterly or ‘semie or oI flm'pnmmn $..a’ 120 2% 2% 1% Payment. : 4 3% Loew's. Ino (war’ Fohim % Y tPlus extra In stock. s Paval B TR B, 8. 8 et N ) L 34% Lone Star fl.‘l e ‘b Pavable in etosk. @ Pavable tn Dreferred stook, ment, Received by Private Wire Direet to The Star Office THE EVENING STAR, WASHINGTON, UTILITIES FEATURE. || NEW YORK CURB MARKE NEED FOR CREDT ABROAD STRESSED Question of U. S. Aid to For- eign Nations Raised in Hall Report. BY JOHN F. SINCLAIR. Special Dispatoh to The Btar. NEW YORK, June 2¢—Did the United States lay down “on its job" as the chief creditor nation of the world in 19292 The analysis made by Ray O. Hall of the Department of Commetce in the eighth annual report on the balance of international payments to the United States raises that question. A nation pays its international debts by selling its goods and serviees, or by sending gold, or by a combination of all three. If a combination of all three is not enough, then that nation must bor- row credit outside in order to live. Many nations in Europe need credit. The creditor nations must supply that credite and the greatest creditor nation, presumably, must be the greatest sup- plier of it. But last year a decline of $561,000,000 in the net capital export of the United States is shown by this survey. What does this mean? Lgt Mr, Hall answer: “That decrease was no doubt in part responsible for some of the fiscal and foreign exchange difficulties of certain foreign nations, for some of the world- wide recession of business and for some of the reduction in our merchandise exports during the latter part of 1929 and the early part of 1930, which may also have contributed to the world de- cline in commodity prices.” No nation can live unto itself, not even the United States, the greatest of all creditor nations. This much the report clearly show: How much further down can the stock market go? Thousands of harassed margin oper- ators are asking New York brokers mis[ question daily. R. W. McNeel, Boston financial ob- server, suggests that in nearly every major stock market decline stocks have made “double bottom.” That is to say, they have rallied from their lows, then have reacted-again to these lows from three to eight months after the original “bottom™ was reached. Says Mr McNeel: “In the stock mar- ket recessions of 1920 and 1923 these ‘secondary bottoms’ came from seven to eight monthe after the original lows were made. Seven months have elapsed since the lows were made in November, and the stock market would be acting true to form in making a ‘secondary bottom’ at this time.” ‘Then he makes this optimistic state- ment: “Completion of the ‘double bot- tom’ has usually inaugurated a steady upward movement in stocks.” Now, to be mcre specific. The Dow- Jones industrial averages, at the peak in October, registered 318.17. Saturday last, they reached 218.84, a drop ofl about 50 per cent. The absolute low established last November showed the average at 198.69. Many stocks—and some excellent ones—have gone below the lows of last November, but the aver- ages dre still a little above. But the “double bottom” has almost been reached. Mr. McNeel concludes: “Indications suggest very strongly that conditions are about on bottom. The next thing in_ business will be improvement— whether it is to come at once or will be a little longer delayed is the question now.” Only in recent years have bank stocks been traded in daily. In eatlier and less-nerve-wracking days, stocks in the banks were held by estates and the well-to-do. Few if any of these stocks were up. as collateral or even traded in. But today thousands of shares changed hands daily on the different stock markets throughout the country, Just like stocks of companies dealing in ice, sugar, milk, rubber, tin, electricity and meat. With bank stocks in the thick of the trading battle, they are naturally subjected to recurring declin- ing movements, just like other stocks. The American Banker has made a survey of the shares of 25 of the largest New York banks and has found that they* have dropped more than 36 per cent in value since April, when their aggregate ‘market value had reach:d $7,471,000,000. The market drop in these bank stocks since then, according lonolhls publication, has been $2,015,000,~ 00. A. P. Glanninl, California banker, who is credited with bringing the bank stock into popular favor, has just sailed with' his family for a year's vacation in Europe. Having retired from active business at 69, he is now “making good” his retirement. Not many men are able, or wise, enough to do it at 60, Certain well known _international bankers believe that the Bank of Eng- land will reduce its discount rate to 21, per cent this week to parallel the New York and Paris rates, upon the theory that cheaper money eventually | will bring about business’ improvement. No one in 1923 would have pictured Paris as a world money lender. Quite the reverse. France in 1923 was in the center of a wild uncontrolled inflation movement and headed for financial dis- aster, Then France woke up. An era of de- flation set in, wrecking and bankrupt- ing millions -of her citizens. Unlike England, France decided to stabilize the franc at approximately the figure reached in the inflation movement, nnmel&', 3.9 cents. So France set to work to build up her gold reserves in the speediest, most ef- fective way. Wise, canny France! She thus eliminated that slow, heart-break- }ngddeflnnnnlr\- road over which Eng- an pound back to pre-war level. True, the French methods were nc® orthodox as defined by the old school of economists, who belleved in deflation after inflation, but her very “unortho- doxy” has pul France in the vanguard, 8o far as industrial prosperity and bank- ing strength are concerned. It is one of the most paradoxical situation in finan- clal. history. France emerges with more gold In her strong box than Germany and Eng- land combined. Her ambition now is in the direction of making Pa at least the equal of Lontion and New York as a world financial center, When Watson Washburn, Assistant United States Attorney General and in- vestment trust investigator, suggested the formation of an association to de- velop a code of rules for the investment trust business, he found few boosters for his_proposal “Premature,” some answered. “Not the right time,” said others who are busy ironing out the problems, which the stock market decline has created. “The business is still too young to codify and straight-jacket,” suggested others, In a word, investment trusts’ officers feel that their experience is too limited and uns<asoned yet to make worthwhile suggestions in the formation of such an nmclnrg‘?n. Mr. Washburn still hopes for “some- thing construetive” in this field. (Copyright. 1930, by North American News pper Alliance.) o SEES GOOD TRADE OUTLOOK. BALTIMORE, June 24 (Special).— C. Wilbur Miller, president of the Davicon Chemical Co. and the Silica Gel Corporation, returned to his office here yesterday, after a brief bus'ness trip to Europe. Mr. Miller said he was especially impressed with the improved conditions in trade and industry in England and thought the British Tsles were on the eve of a period of pros- perity. He said he noted more. op- timism among British industrial leaders 'y have shown in many years. —_—— London has an open-Sunday move- has trod in order to bring the |c D. C, TUESDAY, JUNE' 24, 1930. FINANCIAL, STOCK AND BOND AVERAGES By the Assoc! inted Press. 8:30 Edition, STOCKS. Low (1930) 1919 POULTRY MARKETS STILL UNSETTLED, Prices Irregular, With Down- ward Trend—Vegetables Reported Lower. Seme strength developed in markets for dairy and poultry products toward the latter part of June, but the general situation was still rather unsettled, says | the United States Department of Agri- culture, Bureau of Agricultural Eco- nomics, Market News Service. Feed prices were generally lower. Grain and most lines of live stock continued their downward price slant. Hay markets were quiet. tributed to the lower prices of many fruits and vegetables. Forwardings of potatoes from North Cdrolina decreased somewhat but ship- ments from Virginia were increasing. A few carloads of potatoes moved from the Eastern Shore of Maryland. - Shipping point_prices in North Carolina declined to 3.3583.65 pér barrel and values on the Eastern Shore of Virginia were Ilower at 3.75. Old potatoes were about | finished. Only 225 ¢ars came from Maine out of the total movement of 280 ca;se tholdhls'ock. ach shipments increased rapidly. Medium to large size Hileys were lower at Georgia shipping points. prices of cabbage declined further. To- mato forwardings from South Carolina and Arkansas were fairly active, and the season begén in Tennessee. Water- melon prices declined stations and shipments increased sharp- Lettuce markets were dull and draggy, with a wide range of prices, and onion markets were slightly weaker. Some city egg markets reported a fairly firm fone the third week of June, with a fractional advance on some grades, while other points reported a weak situation, with some small de- clines. The changes that occurred, however. were not sufficient to affect materially the general- price level that has ruled for some time past. Receipts of eggs at several large markets were lighter than for the same period last year. The tendency to cull flocks a little more extensively this year than last, as a result of the current low level of egg prices, is causing the receipts of fresh killed dressed poultry on the terminal markets to show a substantial margin of increase over those of a year ago. The unusually heavy hatchings of this past Winter and Spring have resulted in a more than ample supply of broilers, and prices have worked lower. The heavy supplies of fresh dressed poultry have been very discouraging to owners of frozen stock, and in an effort to lighten their holdings as rapidly as pos- sible, dealers have been inclined to make price concessions. / Butter—One-pound prints, 371523814 tub, 30-3;1'. P Eggs—Hennery, 24a25; ceipts, 22a23. l?ouury, alive—Spring broilers, large, 38a40; small, 33a35; Leghorhs, 20a23; fowls, 20a21: Leghorn fowls, 16a17; roosters, 14al5; ducks, 15. Dressed— S8pring broilers, large, 45a47; small, 40a 432, Leghorns, 30a33; fowls, 24a25; Leg- horn fowls, 19a20; roosters, 17; ducks, 24a25. Meats, fresh killed—Beef, 20a23; veal, 20a22; current re- smoked hams, 27; smoked shoulders, 22; bacon, 27; lard, in packages, 13; in bulk, 12. . Live stock—Calves, lambs, 10. Fruits—Watermelons, 73a1.25; canta- loupes, jumbos, 4.50s6.00; standards, 3.5084.50; pony, 2.25a2.50; blackberries, 3.00a4.00; raspberries, 5;aer quart, 25a30; plums, California, 2.25; apricots, Cal 1.75a2.00; peaches, 2.50a4.0( huckleberries, 8.00a10.00; oranges, 6.50a 7.50; lemons, 5.00a8.50; limes, per 100, 1.80a2.00; honeyd!'ll. 15.000;2,251 honey- balls, 4.50; pineapples, 5.00. . -pound sacks, 2.60a2.75; - old, 100-poun . g.m_ lima beans, gmlznuce, CArTOts, 375; homegrown, per 100 3.00; beets, per 100 bunches, 3.00; squash, 50a75; cucumbers, l,00l‘ 1.18; peppers, 2.50a2.75; kale . 175; spinach, 1.50; peas, 3.50. . CHICAGO LIVE STOCK MARKET CHICAGO, June 24 (#).—(United States Department of Agriculture).— 30,000 head, including 8,000 di- 10813 lower; later trade, 15a25 ; fairly active to all interests at the decline; top, 915 paid for 170-210 unds. PO Butchers, medium to_choice, 250-300 pounds, 8.50a8.10; 200-250 pounds, 8.85 29.15; 160-200 pounds, 8.85a9.15; 130- 160 pounds, 8.50a9.15; packing sows, 7.308.25; pigs, medium o choice, 90- 130_pounds, 7.15a8.75. Cattle, receipts, 5,000 head: calves, _receipts, 2,500 head; runs small; market a trifle better; strong to 25 higher in in- stances on fed steers and yearlings; top, 12.10; fat cows still sluggish and slow, mostly 5.00a6.50; only strictly grain- Spring feds above 7.50. Slaughter classes, steers, good and choice, 1,300-1,500 pounds, 10.00a12.50; 1,100-1,300 pounds, 9.76a12.25; 950 pounds, 9.75a12.00; common and me- dium, 850 pounds up, 7.00a10.00; fed yearlings, and choice, 750-950 pounds, 9.76a11.75; heifers, good and choice, 850 pounds down, 9.00a10.50; common and mtfllusl:x‘ 6.0009.25; and choice, 6.7! m\lm, 4.5086.75. Bulls, good and choice R .4088.25. Cutter to medium, 4508640, 'Vealors (milk fed), fiofl and choice, 9.50811.00. Medium, 8.5089.50.- Cull and mon, 6.00a8.50. Stocker and fe steers, weights, good and choice, 9.00a10.50; common and medium, 6.5029.25. Sheep—7,000 head; choice fat lambs fully steady: others weak to 25 lower; top westerns, 12.45; best natives, 12.35; bulk around, 12.00; sheep g:inerally 50. Lambs, good steady; fat ewes, 2.5 . A nd el , 92 pounds down, 11.25a 12.50, Medium, 9.00a11.25. OCommon, 7.0089.00. Ewes, medium to 50 Pounds down. 3003 The" Cul And som mon, 1.00a2.75. Ttaly {mported 536,900,000 pounds of ¥ \ Increasing supplies con- |3 Jobbing | July at Florida loading | M: 105.7 107.8 1045 (Copyright. 1930. ftandard Stutistics Co.) GRAIN MARKET CHICAGO, June 2¢ (#)—Fully 4 cents a bushel. drop in wheat prices today accompanied news that the 1930 harvest has spread northward into Ne- braska, and that conditions pointed to & big marketing movement there soon. All deliveries of wheat here established new low records on the fresh downs ward swing of values which went about AD cents a bushel below prices at the nish of June 9. ‘The outstanding fea- ture was unusual lack of buying support for the matket rather than any aggres- sive selling. Wheat closed unsteady at the day's bottom level, 335a4 a bushel below ye: | terday’s finish. Corn closed 1a13; off; oats, 'galz down, and provisions un- changed to a rise of 12 cents, Septembe 9 :?‘: CORN-— cember 68% ‘Ill! o 357 December 39 December . 55 NEW YORK, June 24 (Speclal).— Though new crops maintained a very steady undertone, liquidation of July prior to notices tomorrow and a weak stock market sent cotton prices off 10 to 27 points today and it closed at the bottom. Pressure on_July unsettled the whole market and July broke into new low ground for the year, over a quarter of a cent lower than on Mo'ndlg'. Spots were reduced 25 points to 13.25. w. Close, 8 13,1 129 > S eS S Aanua; 2 ry. arch . May CHICAGO STOCK MARKET By the Associated Press. CHICAGO, June 24,—Following is the complete official list of transactions in stocks on the Chicago Stock Exchange today: Sales in hundreds, o STOCKS. High. Low. Close. 883, 58 Acme Steel 5834 Adams i I ] 30 Allied Mot Ind . B8 50 Am 28, 28 28 200 Am Cos ®'H N 130 Am W7y T4 14 10 Am 97 91 97 21 Am 96 96 96 100 Am 1% 1t 1% 400 Am 107 9% 9% 450 Art 12 1% 12 115 Assoc T & T A" 83'a 62'2 63'% 208 Asso Tel & Tel 9412 93 Bty 200 Assoc Tel Util 2" N N 100 Assoc Inv .. 87 881 561 50 Atlan Stores 26! 200 Auburn_Auto 01" 100 © 100 100 B: enfucky. s 3 K xun Ber Seii A Wi & est ... 100 Cent & Co West pf... hainy Belt L hi 25 De Mets. 200 Diversified g 2700 El n 00 Harnischfeger 450 Hart-Carter 100 Hormél & O 100 Houdaille-Her 100 il Ref Lynch Glass Machine ajestic House Ut nhat 2 Fr¥ WESTERN PAGFIC ADEDBY DECON I. €. C. Ruling on Constiiis- tion of 200-Mile Extension Held Favorable., BY CHARLES F. SPEARE. Special Dispatch to The Star. & NEW YORK, June 24.—The future of the Western Pacific Railroad, comsy trolled by Arthur Curtiss James and~ sought after by the Van Sweringens;: who have recently gained possession of the Missouri Pacific, has been distinctly~ improved by the decision of the Inters state Commerce Commission permitting the Western Pacific and the Great Northern to bulld a 200-mile extension which will give the James line new traffic territory in Northern California and, equally important, its long-coveted entrance into the San Francisco dis- trict. The opinlon rendered by the Inter state Ccmmerce Commission was reach- ed in shorter time than it had taken in any important application before it in recent years. Briefs were filed about two months ago, after an extended hearing in_which objections to the pro- posal of the Western Pacific and the Great Northern to build 200 miles of line was made by L.e Southern Pacific and Union Pacific. Earlier in the year the commission had denied to "the Western Pacific ifs request to construct new lines south of San Francisco in the region already well occupied by its com- petitors, Change in Situation Seen. It was the feeling today in railroad circles that the right the commission has granted the Western Pacific to in- vade the territory of the Scuthern Pa- cific and to link up with the Great Northern Raflway in the proposed new stem of its system, will stiffen the re sistance of the present controlling in- terests in the Westcrn Pacific to efforts to get this proparty away from them, It may also bring abou: some alignment that will give the Chicago, Burlington & Quincy an entrance to the Pacific Coast, instead of its being bottled up in the event that it is separated from the C;;L‘lt Northern and the Northern Pa- cific. Western Pacific interests have con- tended for a long while that they should be permitted to extend the scope of their operations to the north and into the San Francisco district in order to compete on more equal terms with the Southern Pacific. Their argument * has been that unless they were now per- mitted. to occupy additional competitive territory, and especially that around San Francisco, there would be prohibi- tlons against further development of the property as an independent systemn Whose competitive influence is of cone siderable value to California shippers, The proposed new line of 200 miles Is to_be built by the Western Pacific’ and Great Northern, the one being re- sponsible for 110 miles at a cost of about $10,000,000, and the other {or 90 miles at about $3,356,000. The Great Northern is to have the right to op- erate over the Western Pacific section on reasonable terms. It is expected that construction will begin some time this Bummer. Arthur Curtiss James, whose road is now to come into strongsr competition than ever with the Southern Pacific, is sald to be one of the largest individual holders of Southern Pacifie stock. This fact has made his contest for approval of the right to build in the , Southern Pacific territory of Northern California of more than ordinary interost, Stock Holdings. . Mr. James is also credited with be- ing one of the largest holders of Great Northern stock as well as of Northern Pacific, His interests naturally make him favor the Burlington, Jjointly owned by Great Northern and Northern Pa cific, rather than the Missouri Pacific, s an ally of the Western Pacific. Those closely identified with him intimated a few weeks '53 that if the Interstate Commerce mmissibn denied the Western Pacific ng'lh:auon to_build the proposed line to Northern California, Mr. James might then be willing to pass his control of the property over to the Van Sweringens, That does not seem likely today. What is most ap- parent is a highly competitive struggle for California traffic in the future be- ;v;:;gc thndetav\;m:m Pacifie, Missourt an estern - Pacif (Copyright, lm.xnc g . SBOB:I'-TERM SECURITIES. (Reported by J & W. aencml c:a 1083, 5 Allis-Chalmers Co_5s 1937 50 American |, & L Sigs " io4 b merican Thisad s 135100 | nore & O 1 Be " of Ga California Pet. Corp. Ganadlan Nor Rwy, ¢ Chiee hoek 1 opper Cudahy Packing Co, 2 io1% Gen. Mot. A Grand Trunk of Canada 85 1936 S Ba s 1ogrL% 20 Match chrt 8314, atch Corp, 85" 64 N. Y. Chi & Bt Louis 8 1933 Peon” Gas. it & Coke 413s 1030 Ehillips ‘Pet’ co_ $%s 1985, 1% Qu Sorp "sran togr Shell Union Ot Co' 55 1041 Sincluir Crude ofl cor 3135 o andard OIl N. Jersey 53 1018 10 §u rd Ol N, York 41 t. L., Ir. ‘Mt. & So. Ry. i kv Southwestern |44 & Co. e 1082 o. n’sn,‘nu " }g BALTIMORE STOCKS. Special Dispatch to The Star. BALTIMORE, June 24.— Sale I?a 3 fd 388 Baitimore Trite Co 100 Biack & Decker com 230 Ceniral 38C & P 1 Last Fire Tnsurance Go Telephone Balto pfd 40 Commercial Credit pfd 13 Consolidated Banl anutactuters Fin Co pfd Maryland Casusit o y G . Miners Teana. i1l Cas Co... Mortgage Money for 6% 'BUILDING LOANS or IMPROVED PROPERTY Reasonable Rates Prompt Action B. F. SAUL CO. 2 s 824 '8 L & 288 Ryerson & Son P 380 Baxcr fo 1, Him 350 Seaboard Uil 7‘ o8 0 B MR i 'l‘fl I i:: *:w o S R T ft & Go it 3w 3y R AL 4 i 3 s m 3pe g1 I ‘ wnaformer. | i B }l: Twin St Nat Oai..i 120 1% 1 pum . A 850 Utah Radi A T T i o PO, Y 8% d g 18 A 3 Fa.of M 1N i i ol | 1114 % 1 . BONDS. b RO R et W, 928 15th Nat'l 2100