Evening Star Newspaper, June 27, 1930, Page 15

NANCTAL -CURB STOCKS EASE | AFTER EARLY GA Renewed Selling Follows Higher Opening—Offer- ings Are Light. . BY JOHN A. CRONE. Special Dispatch to The Star. - NEW YORK, June 27.—Stimulated by "\a ‘series of favorable news developments, stocks on the Curb Exchange opened higher today, only to encounter selling in the first hour which caused many is- sues to drop below Thursday's final Quotations, Pivotal utilities were the first to meet selling. Electric Bond & Share, after opening on 4.000 shares at 773, up ls. dropped to 75. American & Foreign Power, American Superpower, Middle West_Utilities, Niagara Hudson Power end United Light & Power A behaved similarly, Cities Service ranged frac- tionally. Offerings Light. Selling, however, did not bring out offerings. Sales in the first two hours amounted to only 241,900 shares, against 52,000 in the same period Thursdsy. This lack of offerings reduced the size of the down swings shortly after mid- day. Natural gas shares, which harbor a large short intercst, improved in fore- moon trading. Memphis Natural Gas advanced as the company called the Iast of its bonds today. Pipe line shares, however, met, persistent pressure. Buck- eve Pipe and Indiana Pipe hit new lows for the year, and Eureka equaled its previous ‘minimum level. This move- ment partially reflected the condition of the Pennsylvania crude industry. Investment trusts were moderately higher at the opening, but later slid off. Blue Ridge was stimulated by the payment of an initial dividend Thurs- day. United States & International preferred rose more than 2 points. In- ternational Utilities A, which recently #old part of iis Canadian properties to American Commonwealth, gained on re- ports that it is about to invest in some major utilitles in this country. Technicolor was the weakest spot in the amusement shares. as it fell 6 points to a new low of 26. Textile shares moved irregularly, Association Rayon preferred declinihg as Ceianese par- ticipating preferred gained. BONDS ON THE CURB MARKET. DOMESTIC BONDS. ds. High. Low. Close. 43 Alapema Pow 5s '68. 101tz 101% 101'z 5 Alabama Pw 4ias 5 Alummum Co_bs 0 Aluminum Lid 5s 1 17 5 1 16 7 964n 963n 96y 2. 10234 10234 10274 Am Cmwith Pw._6s Amer G & E b5 Amer P&L 6s 201 Amer Roll Mill 35 E As Tel Ul 5128 H 4 Beacon Oil 65 '35 ww 1037y 10 1Bell Tel Can 55 A 2 18 Bell Tel Can 55 B 1Bost & Me 2d 55 '55. 3Bost & Me @ m '33. 10213 10214 an Nat R E 75 E '35 9912 31 Caterpil Tr 5s '38 wi101% 3 Cent Bt Elec 5'as ‘54 1Cent 8 PAL 5las '53. 12 Chic_Ry_cod 55 2027 2 Cig Str Re 5':5 A '49 87 145 Cities Service 56 '50.. 100 11 Cities Service 5s '66.. 8314 3Cit Serv Gas 3'as 42 86 12Cit Ser Gas P 6s '43 922 Gt Sery Pow 51gs 152 8614 4 Cleve Blec Illu s '41 100%: 100% 8 Comwh Ed D 57 97'2 973 38 Consum_Pow 4'is *58 982 981 12 Cont G&E 5s A '58.. 89'% 89% 8 Continen Oil 3i3s ‘37 9512 9 11 Crown Zeller 65 '49_. 9631 9614 1 Cudahy Pke 37, 972 9Tz 7 Cudshy Packs 55 '46. 10012 10013 6§ Det C Gas 55 B ;50.. 10031 10034 5Det C Gas 6s A '47.. 1037, 105% 5Det Int Brdg 6izs ‘52 61 ' 60 5 Dix GG 6las A 37 ww 91% 0% 5 Duquesne Gas_6s '45 88 5 East Util Inv 55 "84 A 73 69 1El Pa_NG 6las 43 ww 101% 101% 5 Elec P&L 55 A 2030.. 20 ' 90 4 Empire O&R 55 '42. 84% 84'c 2 Federal Wat 575 '5¢ 03" 02 1 Pirestone C M 55 '48 1Fed Sugar 65 '33..... 5 Florida P & L 8% 3 Garlock Packg 6s 4 Gatineau Pow 55 '36. 4 Gatineau Pow 65 ‘41 2 Gen Baking 55 '8, 5 Gen Ind Alco 68 ‘44 23 Georgis_Power 88 '5T 6 Grand Trunk 6'zs '3 8 Gulf Oil Pa 85 37,.. 8Gulf St Util 55 A '56 9 5 Hous GG 6las 43 ww 7 Hyerade Fd 65 A 49 2 Tllnols P & L 5138 187 STn P & L 515 B 34 7Indnap PAL 85 A '57 S Inland Ut 65 ‘34 33 Insull Utilit 65 B 36 Intercont Pow 65 3 Intersta Power 85 ' 11Intersta Power 6s 7 Invest Co 85 A '47 2 Iowa-Neb L&P S5 3 Kelvinator 65 '36 1 Koppers G & C 8s 2 Kopper G&C §1as 10 Laclede _Gas 525 '3! 27 Lehigh P § 65 A 203 3 Libby McN & L 83 '42 92 43LaP & L 8s 57 98 2 Mass Gas 83 58 1 Mass Siss 4 15 Mead 85 45 A 97 13 Miss Riv Fl 65 ‘44 ww 111 5 Miss River Fuel xw.. 93 = 93 1 Morris & Co 7'z8 ;30 10013 100%: 4 Narragansett 85 '57. 101 * 101 23Nat P & L3sB.. 91'y 91 1 Newb'y J J Sias '40'wi 9714 23 New Eng G&E 55 91 1 New Eng G&E 5s 21 45N Y P &L atas 247 2 Niag Palis Pow 65 '50. 106 * 106 47 Niag_Shares S'as 50 1013 101 7Nor Ind P 8 8s°D '86 102 ' 102 1 Nor Sta_Pow 6'2s ‘331023 102'% 13 Northw Power 65 '60 . 9811 98' 8 Ohio Pow 4125 D ‘86 3 Oszood 65 '3 wu TPac G & E 4138 E 57 1 Pac Invest 6s 48 ww 4Pac W O 6las 43 ww 2 Penn Doc & W 65 49 ]lPPnng PaLssD:’ 8 Penn 10 Penn Elec $'as Elec 3135 Steel 85 '4r. . Cen Pow 55 5 St L Gas & C 6s '47. 607, San Ant P S 8¢ B ‘58 87 5 43 93 1 ES 1 5. ® ‘3 5 tn 30 e MA30r DB a3 n 1 E et s 9515 951: A 2025 xw 1033 1081, uth Galif Ed 5@ '51 10234 10230 uth Calit Ed 58 '52 10314 102% uthern N G 65 ‘44 921a 91% ‘thw P&L 6s A 2022106 = 1053 aley Mfg 65 42, . 99 98% Andard B & L 6557 91% B1% s,037.. 30" 30 100%: 1003 96 * 94 Spaanspann 233 - PR SO PRI <<cag: aldorfAstor 5 Wash W & Pow 5= 3 Webster Mill 6128 West News Del 6s & Wes Tex Ut 55 A POREIGN BONDS 2 Agr Mtz Bank 2004 2 Baden Con Mn a5 B7Rerlin Gy E 65 5 88 1Bogota Mtg Bk 75 '47 85'a 1 Brisbane City 81 &Buen Air Pr 71z ‘47 9331 § Cauca Valley 7s 48 : 16 Cent Bk Ger 65 A '52 5 Cent Bk Co 65 B '31 83 1Chile Mtg Bk 65 '31100 7 Com Pr Bk 8izs '31 893 3Cuban Repub_ 35 '45 9434 3 Danish Con 51.¢ o ZH20, 847 851a 9615 2974 9313 83 H & Hanover City 7s 3 3 Helsingfors 67z "6 i Hun It B 7t AC, 63 10 Isarco Hy: 2. 2 Tial Sup Pow 65 '63.. § Parana Brazil 7s ‘58 3 Pow C Can 45 '53 B 4Prussia F S 65 '52 1 Rio de_Jan 8'as 37Rubr G Co 6'5 A 3 Ruhr Hous 6125 '58 1 Santiago Chile 7s ' 18 Sydney NSW 5° 3 Terni Soc 643 1Unit El Ser 7s ww—With wa hout 53 i nts arrants. NEW YORK CURB MARKE Notice—All stocks are sold in one hundred-share lots y the letter s (65s) which shows those stocks to be sold in odd lots enly. excepting those designated ~Prev.1930.~ Stock and High. Low. Dividena Rat 13 64 Acetol Prod (A) 3% 5's AeroSupply (B).... 23% 10 Aero Underwriters.. 3314 16 Ainsworth (32%)... 9% 3% Alr Investors v.t.c... 11515 111 Alabama Pwr pf (7).100 23% 16 ALl Am Gen Corp.... 1513 8% Allied Miils (60c)... 356 210 Aluminum Co of Am 109% 106% Alu Co of Am pf (6). 10% b Am Beverage. s 49 35% Am Cit P&L(A)(a3) 28% 125% Am C P&L(B)(10%) 3315 2014 Am Colortype (2.40). 214 Am Com I'(A) b10%. 34's Am Cwlith P(B)10% +# Am Co'with Pwr war i Am Control Ol Flds. 17% Am Cynam B (1.60). 12'% Am Equities. 85% Am For Pwr(war).. 104 Am Gas & Elec (11). 105% Am Gas&Elec pf(6). i% Am Invest. Inc (B).. A Am Lt & Trac (2%%). 4 Am Machine & Fdry. 1 Am Maricabo 5 7% Am Natural Gas 544 Am Salamandra (3). 20% Am Superpwr «1)... 3 Am Thread pf(25c). 113 Am TobacB(new)w.i 111 Am Tobac (new) w.i. % Am U&Gen B vic 400 1'% Am Yvette (n) wd... 15% Anglo Chil Nitrate.. 8's Appalachian Gas. ... »% Arkansas Nat Ga: s Ark Nat Gas (A) 102 Ark P &Lt pf (1) 4 Asso Gas & Elec B0 Asso GAE (A) 12. 89 Asso Rayon pf (6).. 5 Auto Music A(11.05) 24% Aviation Corp of Am 2% Bahia Corp. - 147 Bell Telof C 18 BlisaCo (B W) (1).. 6% Blue Ridge Cp(20c). 33% Blue Ridge cv pra3) 6% Bourjols, Inc..... 12 Bower Rolier Bear $b% Brazil Trac & Lt 215 Bridgept Mach (25e) 2% Burmna Corp (13lc).. 84 Butler Bros (30c). 1% Cable & Wire A rcts. By nada Marcont. 264 Carnation Co (31%). 17 & Cor 60 C 7914 Celanese Corp pf(7). 20 Cent Hud G&E n(80e 2b% Cent Pub Sve. Del. .. 28l Cent P S (A) (al.76) 19 Cent States Elec 3400 214 Chain Stores Dev. ... 914 Chain Stores Stock. . 17% Chat Ph Al n-v(50c). 174 Chem Nat Asson-v. 241 Cities Service(130¢) 88 Citles Srve pf (6)... 18 Clark (DL) Co (1%) 14 Clark Lighter (A)... 16 Clev Tractor (1.60).. 10 Cohn & Rosen, inc. 4 Colombia Syndicats 8% Col O1l & B % Com’'wlith & Sou war 11% Comm Wat Serv b6 % 15 Consol Aircraft..... 90% Con Gas, Bal10(3.60) 2% Consol Instrument. Consol Laundries. Contl Shares pt (6).. Cord Corp. Corp Sec, Chi (b6%) . Corroou & Keynolds. Cosden Oil. Cosden Oil pf (7) Creole Petroleum. Crocker Wheeler. % Crown Cork IntlA (1) Crown C&S pf| Cuneo Press (2 % Curtiss Wright war. Cusi Mex Mining. .. Davis Drug Stor ctfs 4 Dayton Air & Eng... Deere & Co (11.20) De Forest Radio. Detroit Aircraft. Douglas Alr (75¢). Draper Corp (15).... Dresser(SR) A(3%). Dresser (S R) B (2). Power (16) Sales— Cmman & 5 T EReON - 3 R - Eastn G&F Asso. . Eastn Sta Pwr B(1). Eastn Utl] Asse (2).. Eastn Util Asso cv stn ULl Lnv (A).. Eisler Eelectric(1%) El Bond&Sh pf wi(s) El Bond & 8h (b6). . El Bond & Sh pf (6). Elec Pwr Asso (1).. 4 Elec Pwr Asso A (1) Elec Pwr & Lt pf (6) Ele: Pwr & L op war Elec Shareholdg(11) Emp Pow prt (i4.04) 2 Jureka Pipe L (4).. 100 Jurop El, Litd A(60c) Federal Screw (3)... Fiat receipts (1.26). Flat Stock deb rts. .. Florida P&Lt pf (7). Fokker Abrcraft.... Foltis Fischer Corp. . Ford Mot, Can A 1% Ford Mot France 28¢c Ford Mor.Ltd. 37 %0. Foremost Fab (2)... Fox Theater Cl (A). Galena Oil Corp. ... Garlock PKg (1.20).. General Baking Baking pf ( Gen E, Lt rcts(50c Gen Empire Corp. ... Gen Fi'proof (1234). Gen G&E cv pf B(6). Gen Petroleum w.1... Gen W W&EE(A) (2), Gleaner Harv.p (2).. Glen Alden Coal 8... 301d Coin (NeW).vses # Goldfield Consol. ... Goldman Sach T C... Gold Seal Elec new. . Goth Knitback Mach Gt Lakes D C (new). Guardian Invest. . Gulf Oll of Pat1%). Hecla Mining (1). 4 Lires (CE) (A)(2).. Houston Oil of Texas Hudson Bay M& 8 Humble Ol (2)... Hygrade Food Prod. Imp Of1. Can. n(50¢). Jmp Chem Ind (25¢). Ind Pipe L. n (12%).. ind Terr 11lu O1l (A) Ind Terr Illu O1l (B) Ind #in ctfs(b10%) . Insull Util Inv(9%) ins Co. No Am (13).. 4 Intercoast Trade (1) Intercont Pow A (2). Intercontinent Pet n Intl Petroleum (1).. Internat Products Int) Superpwr(11).. Int Gtilities A (3%). Internatl Util (B).. [Int] Utllities (war) Intl Utll war (new Interstate Equit Interst Eq cv pf(3). S 2 Cfer i S PRt L e [P er I o1 - o = P < P O A N N e R LT S —ToT i =T P YV % 1% 2% 31 344 6% % 7 A 38 s Add 00. Open. High. Low. % 6 11 18 “ 112% ~Prev 1930.— Hizh Lo 1% M 4" 1024 12 25% an 56 29 207 5ih (285) Divid Close. (3 % 1 1 a% 1125 | 17 9 245 106% 7 26% Johnson s Kolster- 97 3% % 6 11 18 Pe 112% 17 9 245 106% 7 5% L) 11 18 4% Leonard 1124 17 [ 245 Lion 011 Loew's. Long Isl, Mer Cha Met & M Met Cha Mid W Mid Wat Midland Miller & Mo Kan Miss Mount § Natl Am atl Bor Natl Da Natl Inv Natl Lea Natl Tra Nebel O: NY Pet 4% N Y Tel Niag Hu, Niag Hu, Niles-Be. Noranda Nor Cen Nor Sta North St Noth ku Ohio O1l Ohio Ol Pac Fin Pac Pub Pandem Param't Premier Pub Ul Pure Oil Red Ban! Relian, St Regls St Reg Schulte Schutter Selected ¢ 8 W Gas Spanish Stand O1 Stand Oi St Oil, O Starrett Stein Co 4 Swift& Swift In; Taggart Tubsize U S Elec U 'S Finl U S Fotl Vacuum Venezuel Waltt & Walker Wenden William: & Mo Ividena. | In eash or stock. i Stock and ¥li Ttallan Superpwr A 4' Italian Super war Koppers G&C pf(§). Lakey Foundry. Lefcourt R Lerner Stores (2) Lone Star Gas. n (1). Louisiana Lan & Ex. % Magdalena Synd Narc Int M ( Marine Mid (1.20). Mavis Bottling. Mayflower Asso (12) Mead Johnson 13.75 Memphis Nat Gas. Mid St Prod. n (2).. Min Corp of C (25¢ PLv.te.... Moh Hud P 2d pf(7). tl Aviation Natl Fuel Gas (1) Nat ShTrm SecA §3( Natl Unlon Radio. Nevada Cal Elec i New Brad Ol (50c) New ling Pwr pf (6). Newmont Min (34). Newport Co (2)..... N Y Pwré&Lt pf( N Y Rio&Bu Alre N Y Transit,n(f1.70) Niag Shars Md(40c). Noma Elec (1.60).. No Am Aviat A war.. N W Engineer (2) Ohio Copper. Outboard Motor (B), Pac G&E] 1st pf 1%, Pantepec Oil Peninsular Tel (1.10) Pennroad Corp (20c) Peoples L&P, A a2.40 Pepperell Mfg (8) & Petrol Corp war. Pilot Radio Tube(A) Plymouth O1l (2). Prince & Whitely 1.. Prince & Whit pf(3) Prudential Invest... Pyrene Mfg (80c. Rallroad Sh Cp( Rainbow Lu Prod A. Rainbow Lu Prod B Reiter-Fo: Reliance Manag. Richman Bros (3)... Rocklans Lt&P(92¢) ¢ Salt Creek Prod (2) Schulte Real Estate. Seaboard Util (50c). Seiberling Rubber Ind allot cfs 6%. Sentry Safety Cont.. Shattuck Den Min Shenan Corp pf (a3). 4 Silica Gel Ctfs Smith (A O) (2 Solar Refining. South Coast. i South Penn Ol(t2%) So Col Pwr (A) (2).. Southern Corp...... Southland Roy (1).. ®. . Spigel May S pf(6'4) % Standard Motors. ... Stein(A) Co pf Stutz Motor Car, Sunray Oll (40c) Syrac Wash M B (1) Technicolor. Ine. ... Texon Oil & Ld (25¢) . Thatcher Sec Corp. . Thermotd Co pf (7).. Transamer (11.60). . Tri-Cont Corp (war) Trunz Pork S (1.60). Un Nat Gas, Can 1.60 Unicn Tobacco United Corp (w Unitt Dry Dock: Utd Founders(b2. United Gas Co. United Gas Co (new) United Gas (war)... United Gas pf (7)... Utd Lt & Pwr A(1).. Utd Lt & Pwr pf(6) U S&Intl Sec 18t (5). U S Lines pf (1)..... U S & Overseas war U S Radiator (2).... Unit Verde Ext (2). United Wall Paper. . Utility Pwr&Lt(al). Utility & Ina. . Util & Ind pf (1%4).. Utility Equitte. Vick Financial Corp. Walgreen Co Walker Min (7%¢).. Westn Alr Bxp(80c) RIGHTS. Hud Bay M&S July1s Intl Nickel w.1. z Lone Star Gas..July 3 in doilars based on last quarterly or semi- tPartly exts b Payable in Received by Private Wire Direct to The Star Office Sales— Add 00. Open. 2 1 4% Motor. 22 Br (Am 8h) i 504 end Rate. 1011 o1l. Refin (2) ine (war) d Lt pt (1) ) &S (1.60). in, Inc(1.20) in Stores. ... ts Ut (1%) UUL(b8% ). Utd (war).. Sons (2). PL(bl10%). t Pwr pf (7) er Co. nd & S (25¢). Prpf A (7) estors. ther nsit (1) ri. Royalty pf(6%).... d Pwr(new) d Pwr.A war m-P (12%) Mines (2).. t Tex(60c).. Pwr A(8)... Pwrpf(6). ro Oil Corp > B e o 1 “). pf new (6) orp (1.32), Sve (1.30).. 01l Cab¢ o S 2 o 2 ShnTenanton ~eluab um-Ted Gold (24c). Hold w w.. pf(6)... ). r( Intl (A) 0 B Paper (1).. Pap pf (7) o S Un be-31 St. J Candy(A) Industries. comTraannSanmNon~ Utilit) & Gen 1 Ind (2%). 1KY (11.80) hio pf (7) Corp. ... smeticy Conew (2)., ternat)(274) Corp (1)... Chatel (B).. Pwr ww. shing (33).. (B) (1 Of) (14%).. la Petrolm. . Bond A (2). (H) ( Conper..... s R C(1.40).. Expire .June 25 oo 1Plus e 1n stock. & Pavabie K. d Pa. n preferred stock. Washington Produce Butter—One-pound prints, 3712a38%%; tub, 36a37. Eggs—Hennery, ceipts, 21a: Poultry, alive—Spring broilers, large, 38: small, 32a33; Leghorns, 25; fowls, 20a21; Leghorn fowls, 15; roosters, 13a 15 ducks, 15. Dressed—Spring broil- ers, large, 45a47; small, 40a42; Leg- horns, 25a30; fowls, 24a25; horn ;nw 17a18; roosters, 15al ucks, 1a23. Meats, fresh killed—Beef, 18a21; veal, 15a18; lamb, 25; pork loins, 25a28; fresh hams, 265; fre shoulders, 18a20; smoked hams, 27; smoked shoulders, 20: bacon, 27; lard, in packages, 13; in bulk, 12. Live stock—Calves, 9a9'5; lambs, 10. Fruits—Watermelons, 75a1.15; eanta loupes, 4.5025.00; honeydews, 2.2582.50; # 23a25; current re- | beans, homegrown, honeyballs, 4.50a5.00; blackberries, 4.0 huckleberries, 8.00; peaches, 2.50a3.50: apples, 5022.00; apples, box stock. 3.00a | 3.50; raspberries, black, 6.00a6.40: cher- | ries, 6.00; plums, California, 2.50a3.00; apricots, California, 1.50a1.75: cherries, | California, 15-pound lugs, 3.00a3.50. Vegetables—Potatoes, 3.7584.25; to- matoes, shipped in, 90; homegrown, 4.00 | per bushel; cucumbers, 50a1.00; string 50a1.00: eggplant, | squash, 1.25a1.50: peppers, | : corn, South Carolina, 1.00a | , per 100 bunches, 3.00a4.00; carrots, per 100 bunches, 3.00a4.0¢ asparagus, 1.25a2.00; spinach, 1.0 kale, 75. PARIS BOURSE PRICES, PARIS, June 27 (#).—Price changes ‘were irregular on the Bourse today. Three per cent rentes, 87 francs 25 centimes. Five per cent loan, 101 francs 50 centimes. MONEY RATES DECLINE. By the Associated Press. A slight recession was noted in the| money market during the week ended! June 21. Reports from leading ‘centers | to the Census Bureau denoted an aver- age decline of one-eighth of 1 per’ cent ! in time funds, while call funds declined ' approximately one-quarter-of 1' per-cent. Averages for comparable periods follow: Time. Call. | B 215 3%, 8'% METAL MARKET. NEW YORK, June 27 (#)—Copper quiet; electrolytic spot and ‘future, 12. Week ended June 21 Previous week. . asss Corresponding week 1929. i rains | about finished. | that Kansas farmers are Iron quiet; unchanged. Tin steady; |spot and nearby, 30.87; future, 31.00. Exchange on London, 123 franes 7314 centimes. The dollar was quoted at 2! francs 45% centimes. Lead quiet; spot, New York, 5.25; East 8t. Louis, 5.15. Zinc easy: East St. | Louts, spot and future, 4.15a4.25, IPUTATO CROP AIDED BY RECENT RANS Virginia and Maryland Ship- ments Expected to Be Near Normal. North Carolina potato shippers feel that movement from that State will ex- ceed 6,500 cars, says the United States Department of Agriculture, Bureau of Agricultural Economics, Market News Service. Last season’s carlot shipments from North Carolina filled 6,000 cars, but to date this year more than 6,300 cars have been shipped. Recent heavy no doubt have benefited potato crops on the Eastern Shore of Maryland and Virginia. Trade reports from that | section still indicate short vields on ac- count of the light set on the vines, but also venture the opinion that ship- ments from Virginia will very nearly equal last year's tonnage. A crop of extra fine quality is looked for in Mary- land. The Eastern part of the country will be getting most of their potato sup- plies from this Eastern Shore section until mid-July. However, both New Jersey and Long Island have large crops and development has been earlier than usual. Any material price advance prob- ably would favor early digging in South- ern Jersey and bring out a rush of shipments from that section until soon after the first of July. Virginia Shipments Heavy. Potato movement heavy toward the close of June, averaging near 1,000 cars a day. Virginia was furnishing more than half this number, Prices dropped 25 cents at loading points on the Eastern Shore, but demand slack- ened somewhat. The underlying trend of potato prices is still downward, espe- clally in Eastern cities. Most Eastern markets were amply supplied with po- tatoes in late June. Eastern Shore re- ceipts at $4 to $4.75 a barrel in Eastern terminals were about 25 to 50 cents above the pricc levels for stock from North Carolina and from the Norfolk section of Virginia. Old potatoes were Out of the total move- ment of 280 cars of old potatoes during the third week of June 225 were from Maine. Last report for the season on Green Mountains in Aroostook County, Maine, showed a level of $1.60 per 100 pounds. ‘The production forecast for the mid- season tomato crop is 10 per cent larger than last year’'s hdrvest, but there was an increase of 16 per cent in acreage. Lower yields per acre are indicated in Virginia, Maryland and North Carolina, but better conditions prevailed in New Jersey, and yields there may be nearly 10 per cent larger than last vear. Six- basket crates of tomatoes from South Carolina sold at $1.25 to $2 in Eastern consuming markets, Boat receipts from the Western Shore of Virginia brought $1.50 in Baltimore. These tomatoes were not graded. Midseason onion production may be | 8 per cent larger than last year for the combined group of States. New Jersey, with larger acreage and prospective bet ter yield, may produce 742,000 bushels of onions. Conditions have been ex- ceptionally favorable in that State and June condition reports showed a rating of 93 per cent of normal. Lettuce Market Weak. Not over 65 per cent of an onion crop was expected in Kentucky, but good quality is looked for. A few small ship- ments from New Jersey were finding their way into the Eastern city markets in late June, but California was" fur- nishing the bulk of the supply. Bushel hampers of yellow onions from New Jersey sold at $1.50 in New York and the white kinds ranged from $1.50 to $2. A few ungraded lots from the Fast- ern Shore of Virginia sold at $1 to $1.25 in Baltimore, Lettuce markets were dull and weak, prices showing a rather wide range be- cause of the inferior quality of much of the stock arriving in the large con- suming markets, GRAIN MARKET CHICAGO, 27 (#)—Reports piling their wheat on the graund and making few deliveries except for storage counted today as a strengthening market factor. On the other hand, the movement of wheat in the Southwest taken as a whole continued to be of fairly liberal volume, eight points recefving a total of 1,662 cars today. Some selling here resulted from reported rains in Alberta Province, Canada, but there were also advices that crop prospects in various Canadian districts remain subnormal. Wheat closed firm at the same as vesterday's finish to 3 higher, corn closed unchanged to 3, up, oats liady off and provisions varying from 2 cents decline to an equal gain. WHEAT— High September " e December Bt September Cecember June December 5713 NEW YORK COTTON NEW YORK, June 27 (Special).—The sharp recovery from low levels of the middle of the week brought more sell- ing in the cotton market today and prices set back about a quarter of a cent, ending with a loss of 10 to 18 points on the day. High temperatures in the South, with about 100 stations ranging from 100 to 108 degrees, together with comparative- ly steady stock and grain markets, held prices within a narrower range under a smaller volume of business than be- fore this week. Spots were reduced 20 points to 13.60. Cotton range: Open July Oct Oot Dee. Dec Jan Close. i 13.52 (oid) .1l 132122 (newy. !l 13 3 1 (old) 13 (new 131112 Cold) 359 13 13.38 nom. 3 13 13.30-4 13.50-61 MONEY MARKET. NEW YORK, June 27 (#).—Call money firm; 2 per cent all day. Time loans steady, 30-60 days, 2!:a23; 90 days, 21:a23;; 4 months, 23,a3; 5-6 months, 3a3V,. Prime commercial paper, 314231, Bankers' acceptances unchanged. INVESTMENT TRUSTS NEW YORK, June 27 (4)—Over the counter market. Am Ins Stocks. Gont Metro Bani Shares A Diversified Trustee Shares A. o . Do C.. Asked K 8 | Federated ‘Cap... Do _units... . Incorp Equitics.. Incorp Investors. Investment Trust of N'¥. Power & Lieht Sec Trust Power & Rail Trystee Shares. Stand Amer Trust_Shares. Super Corp of Am Tr Shrs A Do B i Union Financial A 710000 Others unchanged TREASURY CERTIFICATES. (Reported by J. & W. Sellgman & Co.) Rate_Maturity Bid Grter. -3}as Sepr. 15, 1930.. 100 9-32 100 11-33 3248 Dec "1 X 1-32 2745 Jun 2 3128 Ma 100 2 100 26-32 3135 Sep! 325 Dec. China has accepted the proposal of the German government to establish & wireless telephone service belween the two countries, STOCK AND BOND AVERAGES [ By the As Prom Yesterday's 5:30 Edition. STOC 50 Industrials. WO s, ..o 1547 Previous day. ; Week ago. Year ago Two years ago........ : Three years ago, weekly aver. . High (1930)........ Low (1930) Low (1929). High (1929) 10 Industrials. 3 . 924 Previous day. Week ago. Year ago Two years ago. e Three years ago, weekly aver.. ¢ High (1930). 3 Low (1930) High (1929). Low (1929). NEW STEEL CENTER INWEST PLANNED Firms Co-operate for Control| of Vanishing Iron Ore Supplies. BY LEO J. RYAN. Written for the Associated Press. CHICAGO, June 27.—The drama of steel with its gigantic figures has a| new major plot in the struggle for con- trol of the diminishing supplies of high- grade iron ores under the ground. | The proposal of the new National Steel Co. to build a second Gary, at a cost of from $40,000,000 to $50,000,000, a few miles from the present Gary at the | southern end of Lake Michigan, is linked up with the maneuvering for ore sup- plies. The affiliation of the Cleveland Cliffs Iron Co., controlled by the Eaton- Mather interests at Cleveland, with | Oglesby Norton & Co., operators of iron mines, is regarded as another play for mine control. | In an estimate made by the business week, the life of the high-grade ore de- | posits of the Lake Superior County was | recently placed at 25 to 30 years, at the present rate of consumption. No New Ranges Found. | This estimate was based on the fact | that no new ranges have been discov- ered in_recent years, that the great| Mesabi Range is nearing its maximum development, and that the reserves re- ported by owners do not show a longer life, in the aggregate. Taking into con- sideration the fact that it is not cus- tomary to uncover taxable supplies of ore faster than they are needed, the magazine estimates the still existing Lake Superior supply at 2,500,000,000 tons. State tax commisisons estimate the total at only 1,500,000,000 tons. Shipments from the Lake Superior ter- ritory last season were 66,157,359 tons. The struggle for ore has influenced the make-up of the two largest com- paratively new figures on the horizon, the National Steel Co. and the Eaton- Mather interests. The National Steel Corporation was formed by affiliating | the interests of the Great Lakes Steel | Corporation, which had been organized in Detroit solely as a manufacturing company, and Weirton Steel of Wierton, W. Va. a later entrant into the indus- try, with the M. A. Hanna Co. of Cleve- land, one of the oldest of the ore com- pantes, * SN bi = The combination will give the new National more, than an estimated 40 years’ supply of ore. There was a time when ore of 66 per | cent iron .centent was shipped to the Lake Erie furnaces. Present cargoes average somewhere near 50 per cent. Sénfe of the ore that used to be dumped on piles at the mines is now being shoveled up and shipped. New Steel City. The proposed new steel city, prelimi- nary engineering work for which has been done by National Steel on the site in the sand dunes 8 miles from Gary, | is expected eventually to house about 50,000 inhabitants. The tract on which | it will be built comprises about 5,000 acres, extending up to within a mile of the Indiana State Dunes Park. | Importation of foreign ores, and the use, through more economical methods of treating lower grade ores, will be the sources of iron supply if and when the | hjgher grade pre resoyrces are eventu- allv exhausted. CARPEL CORPORATION ELECTS OFFICERS| Local Concern Also Reports Good | Business Gains in Past | Five Months. At the annual meeting of the board of directors of the Carpel Corporation, the regular quarterly dividend of 37l , cents per share to stockholders of rec- | ord June 26, was declared. | The report of the management | showed that, contrary to general busi- | ness conditions, earnings of the Carpel | Corporation, based on the first five | months, should show an increase for the year over last year of 11.5 per cent, | with an increase in sales of 10.5 per cent. Officers of the corporation were i elected as follows: President, Harry L. Carpel of Washington: vice presidents, | Nathan 8. Gumenick of Richmond. Va,, | and W. F. Holtzmann of Washingion; ) treasurer, Arthur Foraker; secretary, | Robert A. Philipson: who, together with Messrs, A. G. Lampke, William B. Scar- | borough and J. Spencer Smith of New York and Maj. Ennalls Waggaman and John F. Brawner of Washington, com- | posed the board of directors. | BALTIMORE RAILWAYS ! SHOW GAIN IN INCOME Special Dispatch to The Star. | BALTIMORE, June 27.—Maintaining | its month-to-month Increases in net earnings over 1929, the United Railways | and Electric Co. for May showed net in- come, after taxes, fixed charges and | interest on income bonds of $73214.27. This is an increase of $8.460.37 over May, 1929, or 13.07 per cent. Gross revenue for the month was $1,457,181.47. Passenger revenues were almost identical with those of May last year, showing a decrease of only $286.38. Reflecting the 10-cent fare rate inau- funud in February, passenger revenue or the five-month period has increased $161,907.89. Net income, after all charges, for the period was $263,763.57. an increase of $101,787.05 over the same period last year. Net income by months this year is shown by the statement as follows January, $24,005.29: February, $18, 367.11; March, $81,082.98: April, $67. 093.92, and May, $73.214.27. This is an average increase of 62.84 per cent over last year. | Revenue passengers declined 9.8 per cent during the month and car mileage declined 1.64 per cent. s oy Dividend Declaration Delayed. NEW YORK, June 27 (#).—Directors of the General Cable Corporation have reserved consideration of the class A dividend, payable September 1, until an adjourned meeting, August 12, = ated Press. | | Chase N S | Chatham and Phenix.. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., June 27.—Poultr: alive—Chickens, Springers, pound, 25a ! 36; Leghorns, 18a28; old roosters, 13a 15; old hens, 22a24; Leghorns, 14a18; ducks, 16a18; guinea fowls, each, 50a75; pigeons, ‘pair, 25. | Egg: eceipts, 2431 cases: nearby | firsts, 2215: Southern firsts, 2115. Butter—Good to fancy creamery, pound, 33a35; ladles, 24a25; rolls, 24a 25; process, 28a29; store packed, 18. Vegetable Prices. | Potatoes—White, 100 pounds, 2.00a | 250; new, barrel, 1.7524.00; sweet po- | tatoes, barrel, 2.50a4.00; yams, barrel, | 4.0026.00; asparagus, dozen, 50a2.50; | beans, bushel, 7581.00; cabbage, ham- | per, 40a75; carrots, 100, 2.00a4.00; cel- | ery, crate, 6.00a6.50; corn, crate, 1.35a | 1.75; cucumbers, hamper, 25a1.25; ogg- | plant, crate, 1.25a2, lima beans, bushel, 1.50a2.75: lettuce, hamper, 50a | 1.00: onions, bushel, 75a1.25; green, 100, 75a1.25: peppers, crate, 1,00a2.00; pea bushel, 1.50a6.25; spinach, bushel, 75 1.00: squash. hamper, 25a40; tomataes, crate, 50a1.00; apples, bushel, 1.00a3.00; blackberries, quart, 10a15; cantaloupes, crate, 1.00a6.50; cherries, pound, 5a15; ! grapefruit, box, 2. 6.5029.00: peachs pineapples, crate, 3 ons, 100, 50.00265.00. | Live Stock. | Cattle—Receipts, 200 head; light sup- ) ply: market dull. Steers—Choice to prime. none; good | to choice, 10.00a10.50; medium to good, | 9.00a9.75; fair.to medium, 8.00a8.75; | plain to fair, 7,00a7,75; common to| plain, 6.50a7.00. | Bulls—Choice to prime. none: good | to_choice, 7.00a7.50; medium to good, | 6.50a7.00; fair to medium, 6.00a6.50: plain to fair, 5.50a6.00; common to plain, 5.00a5.50. Cows—Choice to prime, none; good to_choice, 6.50a7.00; medium to good, 6.00a6.50; fair to medjum, 5.00a6.00; plain to fair, 4.00a5.00; common to plain, 3.00a4.00. Heifers—Choice to prime, none; good | to choice, 8.5029.00; medium to good, 8.00a8.50; fair to medium, 7.50a8.00; plain to fair, 7.00a7.50; common to plain, 6.0086.50. | goggcsh cows and “Springers, 45.00a Sheep and lambs—Recelpts, 50 hea light supply, market lower; sheep, 1.50: 3.75; Spring lambs, 7.00a12.00. Hogs—Receipts, 300 head; light sup- ply, market higher:; lights, 9.80a10.0: heavies, 9,50a0.85; medium, 9.75a10.10; | roughs, 6.65a8.65; lights pigs, 9.0029.50; pigs, 9.50a9.90. Calves—Recelpts, 75 head; light sup- ply, market steady; calves, 5.00a10.70. Hay and Grain. ‘Wheat—No. 2 red Winter, export, 92; No. 2 Winter, !urllcky. spot, 9134; June, 9134; July, 9134, | Corn—No. 2 domestic, yellow, new, | 90; cob corn, 4.25a4.50. | Rye—Nearby, 60a70. | Oats—White, No. 2, 48a48';: No. 3, | 47347 | Hay—Recelpts, none. The general hay market continues quiet und-r light receipts, mostly by truck, but ample for } the demand, which is limited. While | not enough hay is arriving on which to | establish values by grades on carload lots, the better grade of timothy and clover mixed are in fair demand at a | range of 20.00a25.00 per ton. 1 | POTATO MARKET. CHICAGO, June 27 (United States | Department of Agriculture).—Potatoes, 102 carloads; on track, 268 carloads. Total United States shipments, 1,110 | carloads; very weak, trading slow: | Oklahoma, Arkansas, Tenncssee and | Illinois sacked Irish Cobblers, 1.80a | 2.05: few 1.75; sacked Bliss Triumphs, | 1.75a2.25; North Carolina barrel Irish | Cobblers, 3.7524.00; few 3.65; Virginia barrel Irish Cobblers, 4.25a4.40. BANK CLEARINGS. NEW YORK, June 27 (Special). —New | York bank clearings, today, $1,519.- | 000,000: a year ago, $1,409,000000, New York bank balances, today, $311,. 000,000; & year ago, $202,000,000. New York Federal Reserve credit balanc:s, lnduvuslfl.flflo.(wfl; a year ago, $16: l 000, NEW YORK BANK STOCKS NEW YORK, June 27 (#).—Bid and asked prices on the stocks of leading | New York national banks and trust lrnmplmes follow: NATIONAL BANKS. Bank of Americi ional Bid. Asked. 95 © 96 L3 PFirst National Manhattan Compy National City TRUST COMPANIES. . Rankers Central Hanover Exchange ical .. Manufactirers ... New York. CHICAGO STOCK MARKET. By the Associated Press. CHICAGO, June 27.—Following is the complete official list of transactions in stocks on the Chicago Stock Ex- change: Saes. STOCKS, 100 Acme " Steel 150 Adams Mg 130 Addresso Inter 30 Allied Mot Ind: .l 200 Am Com Pow A ino Am Equities. .. LI High. Low. Close. 50 750 89 30 Am P Ser 1450 Am Radio 130 Am_Yvette it 150 Appalachian ' Gas. 300 ArtMetal..... 58 Assoc T & T “A™, 750 Assoc Tel Util... 350 Auburn_Auto .. 3150 Banco Kentucky Xd.. 300 Bastian Blessing. 2300 Bendix _ Aviation.. 4350 Borg-Warner 50 Borg-Warner 50 Bright, Star 400 Brown P & 1100 Burnham ‘T 1000 Butier Bros 200 Castle A M. 30 Geco Mie 130 Cent Tl Sge’ i1l 50 Cent Pub Serv A 150 Cent & S0 West. . | 30 Cent & S0 West pi.. Burrell 3 Chi City & Con RY. 400 Chi City & C Ry pf. | 12750 Chic Corp. 1900 Chic Corp pf ... 10 Chicago_Rys Ser 3600 Citier,” Service. . 100 Com'with Edison. 50 Consumers _....... 100 Consumers 1650 Cont Chicago. 150 Cont Chic pf 4150 Cord Corp.... 2000 Corp Sec.. 1600 Corp Seo ciis 145 Crane Co 100 Grane pf.:.".] 360 Curtis Lizht 60 Decker & . Cohin, 60 Diversified Inv 4400 Blec Housenold.'. 100 Elec Research. ... 1450 Foate G & Mach 300 Gen Candy Corp 557Gen Thea Eq S7Qen Wal Wks Al 2Mg-m e 45 g 8000 Grigsby-Grunow .. 100 Hall_Print, ! 200 Hormel & Go . 100 Houcaille-Her 300 Houdalle-Her 5011 Brick . 100 Ind Ter I 780 Inland UL 6450 Insull UM 00 Iron _ Fireman Jeflerson _Elec Kelloge Switeh "!!0! 700 Ken-Rad T & L 10Ky Ut Jr Cum bi.. Lane Drug vic..... 800 Marshall Field. . 200 Mendows MIg..... 200 Merch & Mirs Al 38500 Mid West Uti1. . 100 Mid W Ut 6% 300 Mid W Ut A 300 Midland Nat G 600 Midiand United. 400 Midland Unit pi 230 Midland Unit war 18Mid Ut 7% A Bt 238 Mid Ut 6% pl. 63 Mid_Ut 17 pi 750 Mo-Kan Pipe. 700 Mo-Kan rts. 350 Modine . 50 Monighan . .. 120 Monroe Chem. 25 Monroe Chem 100 Morzan Litho. 50 Muncie Gear Al 100 Muskegon Mot A 50 Nat Elec Pow A 130 Nat Leather 100 Nat Rep Inv 300 Nat Secur In 400 Nat Secur Inv etf. 100 Nat-Standard ... 100 Nat_ Term 1100 Noblitt-Sparks . 400 North Am Car 180 Nor Am E1. 1830 Nor Am L & Pow 500 No & 80 Aim 200 No West Bancorp 109 Ontario Mfe . 50 Perfect Circle ' 100 Pines Winter ... 100 Process Corp 45 Public Sery n 100 Pub Berv 7s pf 200Q R 8 Music 33 Quaker Oats 'pf... 50 Railrond Shaves 1230 Ravtheon vie 500 Keliance Mfe . 50 Richards_Elmer 100 Rollins Hos 100 Ryan Car ... 308 Bankame. léc 200 Saxet it 1550 Seaboard Ut . 50 Sivyer 8t_Cast 5030 Colo Pow 1080 West G & 50 Stand Dredgin 100 Stand Diedg D! 100 Stetnite Radio . .. 100 Stone (HO) & Go. 50 Storkline Furn 50 Super-Maid 1300 Switt & Co 300 Switt Intl 100 Transformer . 250 Transformer _iis . 100 Twelfth St St _A 00 Twin St Nat O 30 Unit Corp....... 50 Un Am_ Ut 450U 8 _Gypsum 400U S Radio & Tel 200 Utah Radjo. 100 UHI Pow & 130 0ul Pow & 1100 Util & Ind.. 630 Util & Ind pf 100 Vortex Cup. 100 Vortex Cup 100 West Cont_0til 100 Weat Grocer .. 100 West P L_& Tel 50 Wextark Radio 5600 Wis Bank Sha s 400 Zenith Radio . Stock sales today. 193,600 shares. BONDS, FRRE FAER i 53 Ba3BuiSEeSu- o & e F S e 2EB2583 F 0b vatsiproniis pbbatavbis B.SE8ECS 82Ran,, & So¥EHEN; 49000 Tnsull o 1004 100 Bond sales today, $83,000. ups among the 28 payable June 30th, far exceeding the face amount per share. The exact amount which time Holders will he coupon and not discover uni amount it due. income and Ame reinvest an Trust Shares. A 1930. Washington Office: Associate Members New To Holders of NORTH AMERICAN TRUST SHARES UE to the large number of capital stock split North American Trust Shares Coupon No, 3, dishursement will not be ascertained until June 30th, at from which they made their purchase. Should Holders deposit Coupon N hefore they receive advice of the exact amount due, we suggest that they enter these coupons for collection. Oth- erwise the hanks may pay only the face amount of the As a substantial part of the current dividend is in the nature of a return of capital, we strongly recommend that Holders use only the regular dividend as e rrent the balance underlying corporations of will be unusually large— of the coupon which is 3 of the current six month advised through the source 3 with their banks til later that an additional in additional North concession of 1 point is allowed present Holders for this purpose until July 15th, W. W. LANAHAN & CO. BANKERS HILL BUILDING EDWIN D. FLATHER, Manager Telephene National 6997 Members New York & Baltimore Stock Exchanges York Curb Exchange