Evening Star Newspaper, June 25, 1930, Page 11

FINANCIAL. (HECK TO DECLN INSLVER PLANNED Government May Act Expand Uses of Metal. _Research Urged. to BY the Associated Press. intervention ¢f the Government to the present price decline of sil- Ver and to stabilize the value of the metal looms as a strong possibility. o this end Secretary of Commerce | Lamont has forwarded to three branches of his department a recent communiea- from Senator Oddie of Nevada posing extensive research, with the ‘eonsamption of the metal may be expanded, with the request these de- partment heads consider the outlined suggestions carefully, reporting on the practicability of such a movement. If the findings give any promise of prac- tigal benefits the Commerce Depart- nt will do everything in its power to supply remedial measures, it was said here today. ator Oddle's request was that an - riation of $100,000 be allotted to the partment for research work in the Bureau of Standards, the Bureau of Mines and the Bureau of Foreign and Domestic Commerce. The fund for the Standards Bureau is designed to expand consumption of silver in the arts, following a former inquiry by the bureau as to tarnish- resisting silver alloys. The Senator also ‘voiced the opinion there were also other possibilities for increasing the use ef the metal in industrial ways which should be the subject of research. Monetary requirements by this branch's Tesearch were set at $50,000. It was suggested that the Mines Bu- reau undertake an investigation of the economic relationship between silver, eopper, Jead and zinc, with & view of determining more precisely the declines in the production of these metals, and the economic ramifications of silver in the general economy of the Nation. Senator Oddie also suggested that the Bureau of Foreign Commerce conduct inquiries concerning silver and eco- nomic conditions in China and. India, major markets for the metal. “The ex- tremely low price of silver is a most important factor in the present dis- turbed economic conditions throughout the world,” he says, “and it not only seems justified but highly necessary that the Government should conduct investigations along the lines suggested with a view to determining the best possible solution of the problem.” The prices for the base metals, copper, lead and zinc, which are produced with sil- ver, are low at the present time, and this accentuates to a marked degree the adverse effect of the low price of sil- xu;?’ the production of the base NEW YORK, June 25.—The follow- is today’s summary of important corporation news prepared by Stand- and Statistics Co., Inc, New York, for News Trend. Midweek reports from industry indi- cate activity has receded further. Steel mill operations in the industry, as a whole, have been reduced to 66 per nt of theoretical capacity, against slightly under 68 per cent in the pre- vigus week. At this time last year the Tate was 95 per cent, while in the 1928 'k average was 73 per cent. 'inumnd freight car loadings were again the lowest of any like week since 1924. For the week ended June 14 the total was 927,754 cars, a reduction of 171,893 cars from previous week and 143,- 491 cars under the 1929 period. All commodities showed decreases compared with a year ago. Geographically, all districts reported, reductions compared with the 1929 period, while against 1928 week all but the Southwestern district showed lower shipments. Oil statistics are of a mixed charac- ter. Crude ‘production was increased 27,350 barrels dafly in the week ended Wune 21, but gasoline stocks were re- duced 1,739,000 barrels. In the first three weeks of June gasoline stocks have been cut 2,250,000 barrels, but they are still about 8500,000 barrels #bove December 28, 1929, figure. The week's expansion in crude output was due chiefly to gain of 23,900 barrels dally in the Oklahoma City and Semi- nole districts. The Companies. g g American Light & Traction declal Initial quam:l; dividends of 622 cents on new $25 par common and 37 cents on new preferred stock, both recently it 4 for 1. - rican Zinc, Lead & Smelting stockholders to act on changing 200,000 common shares to no par from $25 par and increasing authorized common to 1,000,000 no-par shares. Also authoriz- directors to purchase preferred for ment at not exceeding $25 par value plus unpaid dividends to extent 9.50. Atlantic Refining receives credit of $582.406 against taw over-assessment of $1,016,567 in 1928, 4 Bwana M'Kubwa Copper Mining May roduction 546 short tons against 587 ns in April and 622 in March. Cont Mining & “Smelting of Canada declared bonus of $5 and reg- ular semi-annual dividend of $1.25 on common stock. Delaware, Lackawanna & Western Rallroad May net operating income off 25 per cent; five months 38 per cent below year ago. General Fireproofing obtains Govern- ment contract for steel files for Federal offices in Washington and throughout country: value, about $300,000. 4 _ Missouri-Kansas Pipe Line expiration date of rights to subseribe to voting trust certificates for class B stock ex- tended to July 25. Northern Pacific Rallroad May net $perating income off 60 per cent; five months, 68 per cent below year ago. Paramount-Publix -makes first Mag- pavision installation ‘at Portland, Oreg. ‘Butter—One-pound prints, 37'2a38%; tub, 36a37. 24a25; Eggs—Hennery, ceipts, 22a23 Poultry, alive—Spring broflers, large, 38a40; small, 33a35; Leghorns, 20a23; fowls, 20a21; Leghorn fowls, 16al7; yoosters, 14al5; ducks, 15. Dressed— Spring broilers, large, 45a47; small, 40a «42; Leghorns, 30a33; fowls, 24a25; Leg- horn_fowls, 19a20; roosters, 17; ducks, , fresh kllled—Bele(f.l 2‘012355\!:;’1. 2; lamb, 25a28; pork loins, 25a28,; 33:& hams, 25a27; fresh shoulders, 22; smoked hams, 27; smoked shoulders, 22; bacon, 27; lard, in packages, 13; in , 12. b“fiu ‘stock—Calves, 9a9%4; Spring , 10, h%&l—waumelnm, 7581.25; canta- Joupes, jumbos, 4.50a6.00; standards, 3.583.50; pony, 2.2582.50; honeyballs, jumbos, 5.00; flats, 1.50a2.00; black- berries, 2.00a4.00; raspberries, per quart, 25a30; strawberries, 3.50; plums, Cali- fornia, 2.50; apricots, California, 1.75a 2.00; peaches, 2.50a4.00; app.es, box stock, 3.50; nearby, 1.00a2.00; oranges, 7.50a8.00; lemons, 6.50a7.00; peaches, ’2‘3:xfl.lbles—Poumes. 4.0024.50; to- matoes, Mississippi, 30-pound lugs, 1.15a 1.30; home grown, per bushel, 4.00; lima beans, 3.00; -squash, 501 cabbage, B-peck hampers, 90a1.10; corn, 1.008 2.00; beans, 1 carrots, per 100 bunches, 4.0085.00; beets, per 100 ‘bun .00; cucuml 290 1.00a1.25; kale, 1. current re- 1.25a , THE EVENING STAR, WASHINGTON, D. C. WEDNESDAY, NEW YORK STOCK EXCHANGE : Recelved by Private Wire Direct to The Star Office. (Continued From Page 10.) —— 11930~ Stock and Sales— Lew. Dividend Rate. Add 00. Hish. Low. Close, 61% KanCity Sou (5).,.. 1 58% 584 58% 673 Kan City Sou pf (4).. 65 65 10% Karstadt (R) (1.02),, 10 10 16% Kaufmann DS (134). 161 161 24 Rayser Jullus (2%). 24% 24% 85 Keith-Albee-O pf(1). 3 Kelly-Spring Tire... 20% Kelly-Spring §% of. 22l Kelsey Hayes (2) 1% Kolster Redlo. . 38% Kraft PhCh (1%) 26% Kresge(SS)Co(1.60) (SS) pt (7 Dept Stores. Kress (SH) (1)..... 23% Kreuger & Toll 1.60.. 21 Kroger Gr&Bak(nl), 21% Lago Of! & Tran 76% Lambert Co (8). 4% Lee Rubver & Tire. . 32% Leh Port 2%) 714 Lehigh Valley Coal.. 60% Lehigh Valley(t434) 69 Lehman Corp (3). 22% Lehn & Fink (3) 19% Lib Owens F Gl (1), , 85 Liggett & Myers(t6) 86 Ligg & Myera B(15). 20 Lima Locomotive. .. 39 Link Belt (2.60) 52% Liguid Carbonio 42% Loew's, Ing (3) 85% Loew's, Inc pf 84 Loew's pfxw (6%).. 3 Loft. In 8 Long B: 50% Loose-Wiles (12.80). 16% Lorillard «P) Co.... & Louisiana Ofl....... 33 LouG& El(A) (1%) 1381 127% Louls & Nash (1).... 44’ 22% Ludlum Steel (2)... 244 Mac And & F (12.85). 33 McCall Corp t4%)... 14% Mclntyre Pore M11), 61 McKeespt T Pl (16).. 19 McKesson & Rob (3), 35 McKes& Ropf(33%). 1214 MoLellan Store: 4 464 Mack Trucks (6).... 9% 109% Macy (RH) & Co(n3). 28% Magma Copper (§). .« 6% Mallison & Oo. . 84 Man Eleo Supply.... 24% Man Elev mod g (d5) 12 Man Shirt (2)... 17 Market St Ry pr pf.. 333% Marlin-Rock (15% 10% Marmon Mot (h50c).. 86 Marshall Fleld (2%) 83 2). 42% May Dept Strs (n3).. 13% Maytag Co (12)..... 75 Maytag Co 1st pf (6, 10 Mengel Co (2)... 16% Mexican Seaboard... 15 Miami Copper (4). 53 Michigan Stl (h23%). 22% Mid-Cont Petm (3).. % Middle States Ofl ot.. 23 Midland Steel (3)... 87 Midland Steel pf (8). 12% Minn Moline Pwr. ... 72 Minn Moline pf(6%)- 331% Mo Kan & Tex (1). 98¢ Mo Kan & Tex pf(7 61% Missouri Pactfio. 17 108 1 3 9 15 8% 8% 51% 50 26% 22y 28% 79 75 39 26% 22% 28% T 4% 82% ¥ 5T% 68 09 621 58 2 100% 100 11 9 92% 98 4 8% 3% 3u 5 9% 8 o 27 55% b53% 55U 93 174 16% 8 8 5 34 33 39% 50 19% N 17% 0% 18% 38 1T% Tl 18% 38 121 12% ¥ 49% B0 109 110 3 Ve 145% 119% Missouri Pac pt (| 4 17 Mohawk Carpet. 35% Monsanto Ch (g1% ) 33 Montgom Ward (3).. 8% Moon MOtOrs......es 1% Mother Lode (20¢). .3 3% Motor Meter G & El.. Motor Wheei (3 8 Mullins Mfg. .~ 12% Murray (b3 %stk). .. 35% Myer(FE) & Bro(3). 30% Nash Motors (6).. 10% Nat Acme (13%). 9% Natl Belia Hess. 71 Natl Biscult, n(2.80) 1421 Natl Biscuit pt (1).. 47% Natl Cash Reg,A(14) 45% Natl Dairy (32). 27 Natl Distillers (2) 17% Nat Enam & Stamp. . 2% 1 145% 145% 34 43% 46 221 4T 45% 10 256% 24\ 3 20 125 140 113 2% 3 104 13 69 864 16% 29 38% 150% >y 108% 181% 17% 7% 118 &% 111 ‘215 116 Natl Lead pf(B) (6). 82 Natl Pwr & Lt (1] 0).. 15% Nevada Copper (134) 28 Newton Steel (2).... 178% N Y & Harlem (5) 17% N Y invest (1.20) 8% N Y Ont & Western. , 9% 110 N Y Steam lat pf (7). 10s 111 220 . Norf & Western (10) 13 219 88% 83 Norfolk & Wn pf (4).180s 7% North Am Aviation., 41 98% North Am(bl0%stk) 415 97% 51 North Amerpf (3).. 3 5% 45 No Ger Lioyd (3.43). 4 4% 69% Northern Pacific (6). 22 68l €7 North Pacificct (8)., Yg 67 9% Ofl Well Supply...v. 86 O1l Well Sup pf (7). 5O 13% Oliver ¥arm loquip. . 70 Oliv Fr EqpLA (8).. 27 Ollv Fr Eqov pt(3).. 36 Oppenhm Collins (5), 55 .Ous Elev, n(2%) 26% Otis Steel (234). 45% Owens, 111 Giass( 52% Pacific Gas & £l (2). 72 Facific LARhUNE (3).. 180 Pacitic Tel &Tel (7).. 12% Packard Motor (1).. 51% Pan-Am Petrolm b0 Pan-Am Petm (B) 4% Panhandle P& R. 47% Panhandle P& Rpf., 48% Param’nt Publix (4), 19 Park & Tilford (33).. 60% T4% 107T% 178 23% 45% 5% 75 183 18 13 55 . b6k, 55% 56 6l T 7% 70 531% b4 19% 20 9 10 3 4 7T 17% 18 5 5 37T 38% 49 49y 94 Sy T 1% 8 69 0% 0% 264% 265 262 5 130% 1304 130% 181 9 YT% 98 18 183 18% ba% 4% 8% T8k 408 131% 130 130 249 13 12% 1 1T5% 5 35% 485 8% Peerless Motor Car.. 26% Penick & Ford (1)... 48 Penney (J C) (3) bl Penn Coal & Cok 29% Phelps Dodge (4). 50% PhiiaCo 6% Pt (3)en 1i% Phila Read C& 1. 2 8% Philip Morris (1)s..a 2y Phillips Petrm (n2) . 10% Phoenix Hostery. 20% Plerce-Arrow (A) 1 Pierce Oli. 20% _Pierce O1l pf. . 2% Pierce Petroleum. . .. 27% Pllisbury Flour (3).. Pirelli, italy (23.14) 48% Pittsburgh Coa: 20t Pittston Co (37 20% Poor & Co (1) 12) iz P Rican Am To (B). 93 Postal Tel & C pt(7) 86 Prarie Oll & Gas\2) 44% Prairie Pipe L (16).. 62 Pressed Steel Car. ju 52% Proc & Gamble (2).. 6% Prod & Refine . Prod & Refiners pf.. 51% PubServ,N J (3.40). 91% Pub ServNJpt (5).. 106% Pub ServNJ pt (6).. 121 PubServNJ ptf (7). 112 107% Pub Serv B&G pf(§) 1 2308 208 4 4 112% 4 130 2 109% 1% 110% Pure O1l pf (8) 608 111% 52 Purity Bakeries'(4). 14 57 32% Radio Corp......... 1038 68 RadioCorp (B) (5).. 1 19 Radio-Keith-Urph A 458 3% Rand Mines (304). .. 308 8 Raybestos Man 2.60. 17 102% Reading Rwy (4)... 44% Reading st pf (2). 47% Reading 2d pf (2)... 34% Real Silk (5).... 2} Rels (Robt) & 24 Rem Rand (1.60 8% Reo Motor Car (80c) 37 Rnpnblu‘tnl [N ublie 6)e = o 3] Stock and Dividend Revere C&B pf @).. Reynolds Metls 2.40. Reynolds Spring 108 15 R Rhine W E1 P (2.16). Richfleld O1 (2) Rio Grande Oil (2).. Rossia Insur ¢2.20).. Roy Dutch (a1.3415). Rutland pf.. Safeway pf (6). 1 St Joseph Lead (13) 8t L-San Fran (8).., 8t L-San Fran pf (6) St L Southwestern. ., Savage Arms (2).... Schulte Retall Strs. Schulite Retail pf(8) Heaboard Alr Line. .. Seagrave (e1.20).... 1 Sears Roebuck(32%) 146 Second Natl Inv...., & Sec Natl Inv pf ¢ 1 Seneca Covper 6 4 Servel, Inc. 21 Sharp & Dol 1 Shattuck (FG) ( 5¢ Shell Unton (1.40).., 35 Shell Un Ol pf (5%). 5 tres...: ‘2 17 13 Stnclair Con Ol (2).. 380 Sinclair O1l pf (8). Skelly O11 (2). Skelly Oll p£(6)..... 8 Sloss-Shefleld pt (7) 50s Snider Packing.....; 1 4 Snider Packing pf... 2 Solvay Am pf(634).. Sou Porto Sug (1.40) Southern Cal £d (2). Southern Pacific (§) Southern Rwy (8 Southern Rwy pf ( Spalding (A G) (2).. Spalding 1st pf (7).. 80s 4 Spang-Chalfant. Spang-Chal pt (6). 4 Sparks Withngtn(1), Spear & co. Splcer Mfg. Stand Bran % Stand Brands pf (7). Stand Comm Tob. ... Stand G& I8 (3%)..a Stand G & B pt (4) Stand Gas& El pf(6). Stand Gas&El pf (7). 5 . Stand Invest Corp... Stand O of Cal (2%). Stand Oil Exp pf(6).. Stand Oil of Kan (2). 21 Stand Oil of N J(12). 8338 Stand Ol N ¥ (1.60). 129 % Stand Plate Gla; 6 Stand Plate Glass pf.150s Starrett (LS) (12%) 1 Sterling Sec (A).... & Sterling Seo ov pf(3) Stewart-Warner (1). Stone & Webster (4). Studebaker Corp (4). Studebaker Co pf(7). Submarine Boat..... Sun 01l (11). Sun O1l pf (6). . 9 Superheater (1314). Superior O11, Superior Ste Sweets of Amer ( Symington (A) <y « 108 4 3 27 34 52 Texas & Pacific (5).. Texas P C & Oil. The Fair (2.40) Thermotd Co (2) Third Avenue....,.. Third Nat Inv (2) ., a 20 .Thompson Prod(2.40) 9% Thompson Starrett. ,: 10% Tide Water As (60c). 78 Tide Water As pt (6) 12% Timken Det Ax(80c). 59% Timken Roller (3) 2% Tobacco Products, % Tobacco Produets A Tob Prod div ctfs C. . Transcontl Oil (30c). Transue & W (1) Tri-Contl Corp. . Tri-Cntl Corp pt (6) Trico Prod (2%). ..« Truscon Stl (£1.20).. Twin City Rap T(§4), Und-Ell-Fischer (5). 34 Un -Fshr pf (7) 1208 Union Bag & Paper. . Union Carbide (2.60) Union Ol of Cal (32) Union Pacific (10).., Union Pacific pf (4).. Union T’k Car (1.60)., Utd Alreraft......00 28 Utd Alrcraft pf (3).. Utd Biscuit (1.60), Utd Carbon (2).. Utd Corporation, United Corp pt (3, Uta Electric Coal Utd Fruit (4). td Gas & Lmp; (A) U S Freight (8) S Hoftman (2). S Alconol (17) Leather. BELRBRY Dl Smelt Ref (3% ). S Steet (7). u u u u " U u u u u u Univ Leaf Tob (3)... 1 Univ Leaf Tob pt(8), 30s Untv Pipe & Rad....* 13 Utll Pwr&Lt A (e3)e 55 Vadasco Sales Corp.. 2 Vanadium 5u (14).. 885 Van Raalte 1st pf. .., 10s Va-Car Chem.. 82 Va-Caro Chem 6% pt 3 Va-Caro Cnem pt(7). 2 Va El& Pwr pt (7)., 20s Vulcan Det (4)..... 8508 Wabash...ceeeeeees 4 Waldors Systm(1%) 10 Walworth Co (2).... 1Y Ward Baking (). i Warner Bros Pl (4),1292 Warner-Quinian (1). 35 Warren Eros (3) 81 Warren ¥dy & P Webster-iisenlohr. Wess oll & Snow (2 West Penn £1 A (7) West Penn £1 pt (6). 50 t Penn El pf (7). 13 West Penn F'w p£(6).130s Western Dairy A (4). 1 Western Dairy (B).. 9 Western Md. ..., 58 Western Md 2d pt. Western Pacific. Western Pacitic pf. Western Union (8) Westinghse .. B (). 48 W estingnse E&M (5) 459 Westhse k&M pt (5) 5108 Weston £i lnstr (1), 3 Westvaco Chlbr (2).. White Motors (2). .. White Rek MS(14%) White Sewing Mach.. Willys-Overiand. ... Willys-Over pt (7). Wilson & Co. - Woolworth (2.40)e.a Worth Pump. - Wrigley (Wm) (4)es Yale & Towne (15) Yellow Truck. Youngs Spring Young Sheet & T ( Zenitn Radio. RIGHTS EXPIRE Am Tel & Tel.Aug 1 July 28 July 15 291 ..duly 1 3008 12:00 Noon, 2:10 P.ML, 611,200 1,641,900 Ly D{:P\n l(".'ll‘zp 1Plus avabie in s or stock. fPlus Sockos 35 12 than 100 a; ) r rate. in d Payal k 5o T i Y Sales— Add 00. High. Low. 1001, 24m T0% 46y 39% 15% 155 24% 3% T0% 465 394 15% 155 3% 501y [ 1% artly tock: Prev. Close. Close. 100% 1004 100%s 241 ytht 631y 38 200% 206 B3 +o 1384,300 1 956,300 Dividend rates as given in the above table are the annual cash payments basel on the Iatest quarterly or hall yearly decin:ations. 1t OBl of trading less 3Plus 4% A %.m- o Paig jast year- e Pa Plus JUNE 25 BONDS DEPRESSED BY HEAVY SELLING Large Total of New Issyes and Stocks Decline Affect Market. BY F. H. RICHARDSON. Special Dispateh to The Star. NEW YORK, June 25'—Depressed by fresh stock liquidation and another large total of new issues, bonds drifted into new low ground again today in a com- paratively dull session. The renewal of forced selling, as equity margins again needed extending, affected even high- grade issues. The $118,115,000 Cities Service issue of 5 per cent, or rather that part of ‘which stockholders of the company have not exercised their prior rights to buy, was publicly offered at 100 and was traded on the Curb Exchange at that figure. The bonds are convertible into common stock at prices ranging from $27.50 on December 1, 1930, to $39.75 a share on June 2, 1935, the privilege ceasing on December 1, 1935, Other new fictations included $4,000,- 000 Porto Rican bonds and some small municipal issues. The Philadelphia Co. offered 100,000 shares of $6 preferred su)fik at $99.50 a share. This issue went well. Among the convertibles both Ameri- can Telephone 414s and International |G Telephone 4!2s were off a point. Phila- delphia & Reading Coal & Iron 6s went into new low ground and later retraced part of the loss. The ‘whole group was heav) Losses were small, but nevertheless uUnanimous in the high grade section, Baltimore & Ohio first 4s, Canadian P: cific 4s, Southern Pacific 4 (1968), Frisco A 4s, Chesapeake & Ohlo 415s, Dugquense Light 44, Columbia Gas 58 and American & Foreign Power 5s all had slight recessions. Heavier selling with resultant wider drops, characterized the second-grade rails. Denver & Rio Grand Western 55 dropped a point to a new low, Frisco 4%4s lost-a similar amount also to reach & new bottom mark. St. Paul 55 lost a | Germ: point and so did Missouri-Pacific 4s and Seaboard Airline 6s. These wide losses were partly attributable to market con- ditions, but the heavy selling of rail- road stocks also had its effect. Washington Stock Exchange SALES. Wash. R. & E. 45—$500 at 85. D. C. Paper 65—8$1,000 at 60. N. & W. Steamboat rts. wi—3 at 16%, 6 at 1615, 2 at 1614. Pot. Elec. 5% % pfd.—5 at 10654, Wash. Gas Lt.—10 at 118, 10 at 117, 2 at 115, Mergenthaler Linotype—5 at 97, 10 at 97, 40 at 97. Natl. Mtge. & Inv. pfd.—50 at 5, 100 at 5, 100 at 5. AFTER CALL. Lanston Monotype—1 at 115. & Capital Traction Co.—10 at 59, 10 at 59, 10 at 59, BONDS. Bid and Asked Prices. PUBLIC UTILITY. Amer. Tel. & Telga. 425 '33 Amer. Tel. & Telsa. 4ias '30 Am Tel & Tel. ctl. tr. 8s Anacostia & Pot. R. R. 3s.. Anacostia & Pot. guar. 5 ) . Tel. of Va. 85 Capital Traction R, R. City & Suburban E Georgetown Gas 1st bs. Potomac Elec. cons. Potomac Elec. 65 1853 & Mt. Ver. Bid. Asked. 10212 162 Wsh Siito, % ash: Baito, d Afina Washington as 5 o Wash. G 6o ser w Gus 6s, series B Wash. Rwy. & Elec. 4s MISCELLANEQUS. Barber & Ross .Inc., 8%s. Chevy Chase Club S%as. D. PB?!I MIg 6s. W. M. Cold Storage Wash, Cons. Title 6s. STOCKS. PUBLIO UTILITY. Amer. Tel. & Tel (d9) Capital Traction Co. Wash. Gas Light C Pot. Elec Power 6% pfd Pot. Elec. Power 5137 pf Wash Rwy & & Ann Wash’, Balto. & Ani NATIONAL BANK. Capital 1) - Columbta (12" Commercial (stamped) District (8). 2 Federal-American’ (10) Liberty (75)... Lincoln _(12j} Metropolitan ( Riges (18) Second (9e)’ Washington (13" TRUST COMPANY. Amer. Sec. & Trust Co. (1) Coutinental Trust (6) SAVINGS BANK. Bank of Bethesda (6§). Commerce & Savings (1 East Washington (12). Potomac _(10) , g Security Sav. & Com. Bk Seventh Street (13). United States (30)." "\ Wash. Mechanics (20) FIRE INSURANCE. American (12) Corcoran (10). Firemen's (8)..." Natonal Union’ (15) TITLE INSURANCE. Columbla_(6h) Real Estate Title & Inv. eom. .11l MISCELLANEOUS, Barber & Ross, Inc.’com.. 0-Selz. Storage pfd. Fed.-Amer. Co. com, Fed-Am Co. pfa. (6).. Lansioa Monotype (8) Mer. Tr. & St . (1 i, Trans. & Btg. pfd. (7) .. Mergenthaler Linctype (6) . Natl. Mtge. & Inv. Peoples {70 100 ¥2%% extra, i',’z extra, 05!:‘7. 1ght: X rignts. WiWhen issued. INVESTMENT TRUSTS NEW YORK, June 25 (#).—Over-the- counter market— Bid. Asked. gl 'n 1 ...!2 it 8 67 3 Am Founder: Am Founde: 170t Am A Founders 1-40th com Ing Stocks e Assoc Stand Ol Shares Basic Industry Shares Chain & Gen Equit, 6% Chain Store Inves: ne Cont Metro Bank i Corporate Trust Shaj Crum & Foster lns Do. pf Crum & Foster Inc B Crum & Foster Inc 8% bt Deposited Bank 8b series Diversified’ Trustes Shar Do. B General Eauity Incorp Eguities Incorp Investor: Int Securities Corp 'of Am' B Investment Trust of N Y Jackson & Curtis _Invest ‘Asso¢ Jackson & Curtis Sec Corp pf. Nation Wide Securidies . o0 8h Super Corp of Am 0. : Trustee_sta; Union Pinancial A United Ins Trust Shrs F. United N Y Bk & Tr Shrs C. u ec Lt ihrs United Oil Trust Shrs U S Elec Lt & Pow 8i Others unchanged. FINANCIAL. %% A—jl Con sew vone BONDS sroex xcuanca] | BANKER FORESEES Received by Private Wire Direct to The Star UNITED STATES. (Bales are tn $1.000) Sales. sh. Low. Close. 6 100 31 10031 ¥00 31 27 1026 1022 1022 42 10227 10220 10327 3 10127 10127 10127 141 108 24 10822 10823 29 11281 11228 11228 FOREIGN. Morris&Co 1stéls. USds'es, US4%esl.. Pacific Gas & EI 63, sJu at 8 Argentine Argentine Argentin Australia 4% s 56, Austral} Australi Austria 7s. Bank of Ch] Bank of Chi! Batavian Pet 4 Belgium.f Belgium 6% Belgium 7a°55, Belgium 7 Belgium 98% 8% 845 85 85 104% 104% 94U 9% 94% 94% 9% 9% 1027% 103% 109 109 113 119% 108% 108% 108% 109 4% 3 Postal Tel & C 5% Pub Serv G 4%s "10 Rem Arma 6s'37. Rem Rand 6% s war Richfield O1] 68 "44., Stnelatr O1 Sinelair O11 7s. Sinclair Crude 5% s Stnclair P L 68, Skelly Ofl 63w, South Bell Tel b 2% 874 81 81% 90% 90% 1004 100% 103 103 100% 100% 104% 104% 88% 88% 8% 88% 100 100 ot 91 7 75 99% 997 i 109% 109% 108% 108% 108% 108% 92% 92% 1014 101w 104% 104% 1024 102% 101% 101% 101% 101% 108 108 931 981 100% 100% 117% 117% 122% 122% 20 90 88 884 92% 92% 105% 105% % 86% 86% 9434 9844 9814 9614 97% Sug Es Orfent 7 Tenn Cop Tenn El Pwr 6; Transcontl Oll 6348 United Drug U S Rub 1st rf Japa Czecho 8s'51. Danish Munte 1sh Munic Denmark 4%, Denmark 6%s Denmark 6 DEI6%s, Mch,'s2. Dutch East Ind" 47. Duteh East I 6s°63. Vertientes Sug 7s. . Walworth 6% '35 Warn Bros P 6s Warner Sug 7 Western Elec 6s. Ger 5% 5'30-"35 rets 947 90 German Bank 6s'3. 8 8 German RIP 6 Atchison gen A, T&SF cv 4148 Atl & Dan 24 AtICL 4%s"04 MUY 98y 98 964 97 90% 90% 103% 103% 82% 8l 4% 5 9 94y 104% 104% 104 104 %s Japanese 6%s Jugoslavia Bank 7s Karstadt 68 '43, Kreuger&Toll 5a ot. Bklyn Un 1st 58 Buff R & Pitts 4% Can Nat 4% Norway 53 Norway 6s 43 Norway ... Norway 6%4s '52. . Orfent dev 514 68, Orient Dev 65°53. Paris-Lyons-M 6 Paris-Ly-Med 7 Paris Orleans 534s. Peru 6s '§0. 101% 101% 103% 108% 103% 103% 101% 102% 89% 89y 96% 96 108% 108% 106 105 103% 103% 7 % Canadian Pac db 4s Can Pactfic ctfs - Can Pacific 5s ‘4. . Cent of Ga 6sC 59 Cent of Ga 5%s. Cent Paclfic 45 Lent Pac 1st bs Ches Corp 58 '47 Cl & O gen Ches & O ¢%s B 95 Chi & Alton 3 CB& Q gen CB&Q4e% Chi & E 111 gn 6: Chi Gr West 48 Chi M&St P 4s'89 Chs M&SEP 4% s *8: ChiMIIStP&P 6875 CM&StP Pac adj bs Chi & NW 4% 104 884 8844 75 95% 69 89% 88 104 Rhine Wst EP 6s'53 Rhine West6s '53., Rio de Janeiro ¢%. Riode Jan 85 '48. .. Rio Gr du Sul 68°4§ Rome 634s........ 1 R'y’l Duteh 43 sww 1 San Paulo City 8s. Sao Paulo 50, Seine 75 *42, Serbs Cr Slov Serbs-Crot-Slo Shineyetsu 6345 Sotssor Sweetlen 534 8. Swiss Confed 8; Toho El Pwr 68'33, 8 Toho Bl Pwr 7s.... 2 9914 Tokio 648 "61 v 9 91y Utd Kingm 634837 28 1037 Uruguay 6s°60...., § 97 99 94 107% 107% | Chicago T H 6 83 83% | Chi T H ino 63 60, g:\l 9:’! Chi Un Station 6s. 8 104% | Chi Un Sta 638 104% 104% | C & W Ind con 4 1074 107% | C& W Ind 5%s 98% 98y | CCCEStL 4348 (E) 991 991 9y 913 103% 108% 954 97 105% 105% 87 87 2% 97 2 107% 99% Colo & Sou 4% s, Cuba R R 6s. 6 105% 12 874 5 2% T 97 Warsaw 7s '63. 1% Yokohama 6 96% iy Alleghany Cp 5s ‘44 97 9Ty Alleghany 58°49..., 9 97% 97y 97 Allls Chalm 68°37., 5 102% 1024 1023 Am Beet Sugar 2 70 70 70 Am Chatn 65°33..... 4 101% 101% 101% AmFor Pwr 682030 46 88 87% 87% 4210215 102 102 29 95 93 93 Am Metal 538 °34., 53 96% 96% Am Nat Gas 6% 1L 8 824 82 20 102 101% 101% 19 i62% 162 162y « 86 105 104% 104% -7 104% 104% 10474 44 105 104% 105 « 38 1084 107% 108y 1 101% 101% 101% il 78 k(3 8 17 89% 89 89y 8 81% 81 81 1 73% 8% 173y 6 100% 100 100 5 105% 105 105 10 101% 101% 101% 2 103% 103% 103% 18,105 105 105 5 101% 100% 101% Erie gen 4 Erfe s, 1967, Erie 5s. 1975, Erie cony Ex Erle & Jersey Fla East C 5s "7 Green B & W deb. Hav El Ry 6%s '51, Hocking Val 4343, Hud & Man adj Hud & Man ref 5 Int Rapid Trans 5s. Bell Tel, Pa, 53 (B) Bethlehm £t pm Beth Stee] rf 5 Brklyn Edison §: Bush Term Bldg bs. Certn-Td 6%s rets. Chile Copper 6: Colon O11 6: Int Rapid Trans Kan City Ft S ¢s Kan City Sou 3s. Kan City Sou bs. . Kan City Term 4 Long Isl rf 48 43, Long 14 1064 105% 10614 8 14 104% 104% 1043 | L& N uni 4 ;: ]::“ l:;’/' 1:: Louls&Nash 5s(B). 5 103% 103 109 | Market St 7840, ... 4 1074 107% 1075 | Mill EI Ry&L Ea'61. 45 92 9l gim|Minn & STL ref 4 1103 103 103 M StP&SSM con 18 101% 101% 101% EastCubaSugTs 25 70 70 70 Fisk Rubber 85.... 61 64% 64% 047 Gen Cable 83847, 22 99% 99% 9oy Gen Mot Ac Cor 6s. 17 101% 1013 1011 4 102% 102% 10215 Gen Thea Eq 6s8°40. 67 94 93 93 Gen Thea Eq 68°¢4. 10 109% 1097 109% Goodrich 6 % 5 10615 106% 1061 Goodyer ba rot 2493 914 93 Hoo&Co6%s,.... 3 76 764 75y Humble O & R'68... 1 101% 101% 1018 Humble O & R6%s. 20 102% 102 1023 7106 105 105 7100 100 100 5 9% 94K 94 S0 99% 99% 991 10 1004 100% 1003 9 85 83 88 MK & Tex 1st 4s.. MK & Tex adj bs. . M K&T prin 5s(A) Mo Pacific gen 4s.. Mo Pacific 58 A '65. dio Pac6s F *11.... Mo Pac 68 G 8.... Mo Pac 6% '49 ov. Mob & O 4%8'77... Steel 434 "78. Intl Match 5s *47. Hg aaQ B n & a g e C s’ StL 6%sA StL 68(A) . H 3 54 m aad PRERR 2 & - 3 Intl T&T 4348 cv. 107 Intl Tel&Tel bs*66. 65 97w 6 1063 106% 106% 10 82 82 82 ZuzinEzzEERE Ll 2z £ z 002:,2 18 102 101% 102 11 102% 102% 102% 21 81 9 H0% 3 104% 104 104 1 120% 120% 120% 4 116 114% 114% 2 9TU 9TU 9TH 5 :D 8; 89 18 93 92% 36 103 102% 102% | Ore Wash 1st 5 41 37 41 |Pennagenéys 1 101% 101% 101% Penna 4%s '63, « 18 101 101 101 Penna 28 102% 102% 102% Penna z2Z2 < Liggett & Myers s Loew’s, Ine, 6 s w0 war. Sales. High, Low. Close. Sinclair ON 6s...." Tex Corp ev . 0. 8. Car Clin & O 65 '53., ChiRIcy4%s60., Chi Un Sta 55 '44... Clev Term 4%s 77, Erfe conv 4s (A)... Erieconv 4s (B)... 96% 2 « 43 110% 110% 110% Int Rap Tr bs stpd.. 12 6 Nash Chat&StL 4s.. 3 4 B0% 80% 96 954w 954 23y 2214 22% 106% 106% 106% 114% 114% 114% 101 1004 100% 1074 1063 107 102% 101% 101% 10815 1027 102% 2 108% 1034 103% 102 102 102 105% 105 105 1024 1024 102% 102% 102% 102% 102Y% 100% €5 100 95U 9314 105 92 98% 96 965 87 GAIN IN BUSINESS Usual Fall Upturn Will De- velop, Says Arthur Rey- nolds in Survey. By the Assoclated Press. NEW YORK, June 25.—The usual Fall upturn in business will develop says Arthur Reynolds, head of the Con. tinental Illinois Bank & Trust Co., buf the extent of the improvement wil depend on several factors, notably crops and clearer insight into the matter ol international relations. Business had recovered from the low point reache: last. - December, but failed to carry through, running off again after Marck 1, the Midwestern banker holds. He contends business has no definite trent at present, except commodity prices which are still deolining, a conditior not confined to this country. He doe not believe that business can resume in any comprehensive way until gora. modity prices strike bottom, the latter depending on world can}l ions and ow rate of produetion. Toliching en cutlook, Mr Reynolds. finds . om point of volume, but says the < return can. becauss of changed 24 5 3 87 1 100% 100% 101% 101% 108% 1031 101% 100 98% 981 964 96 108% 103% 105% 105% 108% 1034 981 984 0 4 10014 100% 108% 106 103% 10214 1074 106% 964 951 81% 81 100% 100% 101~ 100% 8974 89 43% 42 95 95 100's u91 104% 104 1044 1044 1 1021 1024 109 109 103% 103% 100 100% 1014 103% 101% B8y 96% 103% 105% 1034 981y © 100 106 103% 107% 9544 81t 100% 34 36 not be forecast methods of marketing and lack of defi- nite idea of the European crop pros. . Farm buying, he says, is being held back by the relative tightness o] money outside the leading centers. Thiy bears out what local money authori: tles have contended for some time past Mr. Reynolds says that money may bt easy for some purposes in big cities, buf tgat when the farmer goes to the coun. try bank seeking loans for various pur. poses he does not find it so easy & g;;: secure accommodation. 2 % 102% 102 Special Dispatch to The Star. s S au SAtTTieonml M Diuis 190 WA loes, white, 100 pounds, 2(00a2.50; new 84 |barrel, 1.75a4.00; sweet potatoes, bar. 91%1Tel, 2.50a4.50; yams, barrel, 3.0084.00( 90% | asparagus, dozen, 50a2.50; beans, bush: 95% | el, 75a1.00; cabbage, hamper, 40878, 120% | carrots, 100, 2.00a4.00; celery, crate, 53 |3.50; corn, 1.25a1.75; cucumbers, ham. 99% | per, 25a1.25; eggplants, crate, 1.25 943 | 2.25; lima beans, bushel, 1.5083.00; lets 99 | tuce, hamper, 50a1.00; onions, bushe} 100% | 7581.25; " green, 100, 75a1.25; peppers 1083 | erate, 1.00a2.00; peas, bushel, 1.504 10314 3.25; radishes, 100, 1.00a3.00; spinach 1043 | bushel, 75a1.25; squash, hamper, 50a75 199% | tomatoes, crate, 50a1.25; apples, bushel «88 11.00a3.00; blackberries, quart, 8al4 99% | cantaloupes, crate, 1.00a3.50; cherrieg 874 | pound, 5a15; grapefruit, box, 2.50a6.00( 96 [oranges, hox, 3.50a9.00; peaches, cratq 85 11.50a4.50; pineapples, crate, 3.00a4.00; 93% | strawberries, quart, 12a20; watermelons a5 | 100, 35.00a65.00. 95% #Dairy Markets. 102% | poultry, alive — Chickens, Springers 10-5"‘3 pound, 25a36; Leghorns, 18a28; ol 99% | roosters, 13a15; old hens, 22a24: Leg 110 | horns, "14a18: " ducks, 16a18; guine| 110% | fowls, each, 50a75; pigeons, palr, 35, 5w Eggs—Receipts, 1,714 cases; nearb firsts, 2215; Southern firsts, 21%. Butter —Good to fancy creamery pound, 33a35; ladles, 24a25; rolls, 24¢ 25; process, 28a29; store packed, 18a19 Live Stock Market. Cattle—Receipts, 100 head; light sup. ply; market dull. Steers—Choice to prime, none; to choice, 10.00 to 10.50; medium % good, 9.00 to 9.75; fair to medium, 8.0 to 8.75; plain to fair, 7.00 to 7.75; com« mon to plain, 6.50 to 7.00. Bulls—Choice to prime, none; goo( to choice, 7.00 to 7.50; medium to good 6.50 to 7.00; fair to medium, 6.00 t¢ } 6.50; plain to fair, 550 to 6.00; com: mon to plain, 5.00 to 5.50. Co hoice to prime, none; gool to choice, 6.50 to 7.00; medium to good 6.00 to 6.50; fair to medium, 5.00 Y 6.00; plain to fair, 400 to 5.00; com¢ mon to plain, 3.00 to 4.00. Helfers—Choice to grlme. none; goot to choice, 8.50 to*9.00; medium % good, 8.00 to 8.50; fair to medium, 7.5 to 8.00; plain to fair, 7.00 to 7.50; comy mon to plain, 6.00 to 6.50. Fresh cows and Springers, $45 to $90 Sheep and lambs—Receipts, 501 head; light supply; market steady Sheep, 1.50 to 3.75; Spring lambs, 7.0( to 12.25, Hogs—Receipts, 500 head; light sup ply; market spotty. Lights, 9.75 # 10.00: heavies, 9.50 to 9.90; medium 9.75 to 10.10; roughs, 6.65 to 8.65; ligh Pigs, 9.00 to 9.50; pigs, 9.40 to 9.80. Calves—Receipts, 50 head; fair sup ply; market steady; calves, 5.00 tq 10.70 Hay and Grain, Wheat—No. 2 red Winter, export 9134; No. 2 Winter, garlicky, spot, 91,/ June,'91%4; July, 90%. Corn—No. 2, domestic, yellow, new 90; cob corn, 4.25a4.50. Rye—Nearby, 60 to 70, Oats—White, No. 2, 48 to 4814; No. 3 47 to 471, Hay—Receipts, none. The genera hay market continues quiet under lighf receipts, mostly by truck, but ampy for the demand, which is limited. Whil( not enough hay is arriving on which t4 establish vajues by grades on carloat lots, the better grade of timothy an{ clover mixed are in fair demand at { range of 20.00 to 25.00 per ton. ol bl MEMPHIS NATURAL GAS SALES IN MAY UP 31 PCT, Special Dispatch to The Star, MEMPHIS, June 25.—H. G. Scot{ president of the Memphis Natural Ga Co., announced todav that the com pany sold 625,028,700 cubic feet o natural gas during the month of May against 477,522,000 cubic feet for thy corresponding month of last year, a increase of 31 per cent. Net revenue increased 39.3 per cent during thy month. Total sales for the first fin months of the current year were 3, 848,301,000 cubic feet, as compared t 1,876,540.000 cubic feet for the samy period of 1929, ® 84 9174 90% 95% 123% 1201 53 53 991 993 94% 9414 99 981 100% 100 10813 1031 103% 103% 1045 104% 109% 109% 1 88 88 100 993 5 874 874 79 97 96 10 8 85 2 934 934 1 98% 95 1 95% 95% 10 102% 102% 6 10: 12 102% 1023 13 1025 101% 1.109's 109% 8 100% 100% 3 105% 105% 6 94% 9314 101% |. 10914 100y 100% 6414 69 85% 97% 85% 49% 98% 7 20 18 30 . 24 107 983 79 9 90% 90% 907% 97% 98 961y 9614 96 96 1 8815 881 1 105% 105% 105% 5 102% 10:%4 1021 4 115% 115% 115% 2 89U BOW 89y 9 104% 104 98 98 94 2 1 76% 761% 7614 1 861 861 861 10 60% 601 60% 15 93% 9315 93y 7 106 104% 105 60 91 891 . 8914 4 9114 99U 9914 8414 84 80% 914 925 9012 90% 1 100% 100% 100% 10 118% 112% 1125 4 52 50 &0 2 2T% 2Ty 27 3 1101 1104 110% 1 105% 105% 105% 6111 31 111 S20 2% 24% 244 52 97 7% 99% 100% 5% 1 105% 105% W 61 61 61 4 85 4 90 96% 7 100% 100 24 97T% 975 3 106! 12 61 614 43 85 74 90 568 % 100 91y 100 9614 1 77 74 5100 100 1 91% 91y 28 100 100 1 88% 88 88w 45 904 884 S8ig 1 10015 100 10014 7 96 96% 967 25 99% 9914 99y 15 105% 105% 105% 2 92 92 92 1 101% 101% 101% 99 Ay, 2 12 91 904 90% 22 101 100% 101 19 874 87y 21 88 87 3108 103 108 1 10314 103% 103% 18 7% 71 71y 3 100 100 1001 14 99% 99 99 12 99% 991 9914 24 1071 1074 1071 11 96% 96% 96% | SergSank 5s B 91% 91% | St LS W con 48’33 6 64 [StLS WEs'53..... 102 102 |Seaboard A L 4s sta 98% 9874 | Seaboard AL en 6s. 17 %4 100% 100% | S B All Fla 6536 A. 11 23 107! 107% 1073 | Sou Pac ref 4s. 6 m;;‘, 107% 10715 | Sou Pac 434s rots. 21 9 w. Ol 2 6348 + 20 109% 100% 1097 Penna O&Det 4%s.. 2 9815 98y PCC&StLEs B T5. 5 109% Port RL6s'47..... 9915 Porg RL&P 7% 8'46. Reading gen 4% A.. Reading J C 4s 1. Rio Gr Wst 1st Rio G West col RLIATK& L 4% StLIM&S6s 'S ool Bamoa me 96% 96% d ls;lh ;07% 107% | Sou Rwy 101% 1013 101'4 | mex Ark F'S 8350’50 10 2 19 1 19 |mexass Pacist,... 1 Tex & Pacbs B47.. 11 Tex & Pac§s C*19. 22 Third Ave ref 4s'60 2 Third Avead) bs... 25 Union Pac 1st 4s.. 5 Union Pac 4s 68... 27 Un Pac 1st ref 4s 5 52 | Union Pac 4348 12 05% | Virginta Ry 1st 5 113 o 9% 89 ' 8 117 - 116% 116y 12431234 128y 105 106 105 09% 109% 109y 102 102 101% 102y 45 45 22 22y 9 96 891 Byy 9% 9y 99 29y 105% 1054 108 103 102 102 2 &I 122% 3 1064 105% 105! 800 g