Evening Star Newspaper, June 30, 1930, Page 15

riINA ADVANCES MARKED || NEW YORK CURB MARKE ON CURB EXCHANGE Trading Is Dull—Leaders ! Have Good Gains—Utili- ties Well Taken. BY JOHN A. CRONE. Bpecial Dispatch to The Star. EW YORK, June 30.—Opening ir- ‘eguiarly higher, chiefly as a result of week end orders placed because of the action of the market Saturday, the Curb Exchange today registered marked improvement while trading remained extremely dull. Market, leaders, such as Electric Bond & Share, Standard Oil of Indiana, American Superpower and: American Gas & Flectric added to their initial gains. Cities Service, United Light & Power A and American Commonwealths A, after opening lower, quickly re- covered and then advanced. .3 The upswing in utilities in the fore- oon was followed by improvement in investment trusts and miscellaneous in- ustrials. Goldman Sachs at times was p more than 2 points. Transamerica. United Founders and Prudential In- vestors also moved ahead during this period, Technicolor Advances. Technicolor, conspicuously weak in recent sessions, turned around on the shorts and moved up 5': points by mid- day. This movement, however, failed to bring buving into the rest of the amusement list. Natural Gas shares were more active than on Saturday, but their upward movement slackened. United Gas new and preferred gained and so did Lone Star Gas, but Appalachian _eased. Convertible investment Trusts, soft in recent markets, showed gns of improving as their cemmon res advanced. Continental Shares nvertible preferred rose 17s. Prince & Whitely preferred advanced a point. United States Finishing. which re- cently omitted dividend payments, fell to a new low mark. Scnulie-United preferred was the feature of foreaocn trading in store stocks, as it made a new high for the vear. The relatively light trading and small fluctuations in some British issues listed msere were commented on by floor trad ers. This situation, it was said. haz been brought about by Lendon buying in the Jast six months. anerz] Electric Limited, for instance, is said to have had its floating supply nere ieduced by one-third as a result of Bri.sh invest- ment purchases. « BONDS ON THE CURB MARKET. e Bales in DOMESTIC BONDS. shousands i 05 S Mlabama Pow 3s ‘68 foz o2 13 Alabama Pw 4lss 67 9% 96z 963 § Altminim Co ‘st ™5’ 103% 109 ° 1045 2 Amer For Pow 5s '30. E: G & E '28. O & L 65 2016 107'4 Roll Mill 55 '48. 97'2 Dpalach Pow 85 ‘36 100 Ppalac Gas 6s B 45 96%4 Arkans P & L 5s '56 977 Asso_ Electric 4'zs '63. 847 5.8 n xw 951 Low. Close. 9512 @ 13 Asso Gas & e 3 2 A% G & E Sias 91" 91 10 As Sim 6ias 33 8334 833 12 As T 5123744 C 847a 941a 141 P Su 8s 49 213 213 22 Be 36 ww. 104 * 104 * 104 2Bell Tel Can §s A '35 10214 102'4 10214 1Bell Tel Can Se B 571027 102% 102 ¥ $Bost & Me 2d 55 '55. 93 ° 99 ° 99 3 Bost & Me 65 m "33, 102%a 102%a 102%a 8 Carolma P & L 88 58 10113 10112 10113 36a Tr 5538 wi 10114 1014 10114 Gent. £ 3 Elec 5728 'S4 7 3Cent Stat Elec 53 '48 75 1 20 e 24ia Chi P Tool 5'as '42. 99 nic Ry cod 5s 2027, 20 1lds Co 5¢ 43....0 E5 Str Re 51a5 A 45 B 3 2 i 20 s 5 3 Comdr Larabee 65 Con Gas Balt S5 P, 3 Consum Pow 4128 2Cont G & E 85 A & Coniinen Oil 3'as 110 Grown Zellen 65 28 Cresible Steel S8 10 Cudahy Pk 5izs '3 5 Cudahy Packe 55 '46 1003, 100 IDet C Gas 65 A '47.. 108', 108%¢ 4 Det Int Brdg 638 '52. 38 ° 59 19 Dix GG 6iaA ‘37 ww 824 91'a 8214 Bost 5s A "33 10113 1012 1013 & L 55 A 2030 897 897 89 3Empire O&R S5 42 B8ls B4 B banks Mor 5s ‘42, 81': 81!z 811 ederal Wat 5las 'S¢ 94 ~ 931 04 an Nat Ry 4% 091, 097 99'2 olum Riv Brds i%.. 85 68 *k Rubber S'zs ‘31, 31 37 orida P & L 55 '34. & n Baking Ss 250 96 n Ravon e A 48, 88 n Wat Wk 65 B orgia Power 55 '67100% 100 100 fidden Se ‘25...... 99 093, 993 rand Trunk 6'zs ‘36 106°2 106'> 10613 nif Ol Po 5 37, 101a 1011a 10118 Gt St Utl 55 A 56 983 98% 982 dis G i 43 ww 92'a 920a 9213 92'% 40 64" 80 57 92'2 92 39101 * 101 57100% 100 Y007 2 92 0us GG 6125 5 Hous GG_65 A 43 yerade Fd_6s A linois P & L 5%28 niependt Oll 65 ndnap P&L 55 A PIOOIN. TeRoTE £33 dalololal 20 Inter r;‘,r;‘vxst b e m 55 %.‘:.:Pp.n'%p‘s., w9t 8 1 Kans G & E 4l % s £ fx A 20231084 108 BeRinator oc 6 xw 81 ‘50 ') &csser oA G m € Sioe 050 102% 102t; 102’2 {Th P'S 6 A 2026104'2 104 104 ArGas Ss 42 91° 97 BLPAL RN o w1 9 McCord Ra 6x 43 ww 50% 30% 80% 3 Maotiob F s A 81 99 B0 o8 55 a8, 8%, 98', 15 Mass Gas 5128 ‘46 2 Mead 6 A d West Util 58 West Util 55 10 Mid West Util 55 13 Minn P&L 41.s 9 Morris & Co 7928 § Narraganseit S5 Nat P&L 3% Nat P&L 65 A 2026011 at P R 55 ‘78 5 740 wi 57 24 108 7 Mass Gas 58 330 9913 2. 100 AN Niag Shares 525 '50. 1017, 101% 1 Nor Ind PS Ss C '66. 102 2 1 Ohio Pow 55 B '52. . s ‘s T 1 80waen ¥ e 6 SPac WO6 zg 2 :g ;Z‘ Ed S'.s B 'S9 997, e 99), 1Pitte Coal Co 65 '49 997, 9asl 993 LBite Steel 63 48, .. 10212 10213 107 8 Pot c Ed 5s E rol 9611 961y 98! sb Gax §1as K 82 997 990 99 3Rel Manage 55 A 54 70 7 2Roch Cen Pow 5 53 78 78 T8 250 L Gas & C 65 '47. 5912 5914 501, 10 San'Ant P S 5: B '3 963 9611 98% s Shaw W&P 4’2 A ‘67 95'4 9504 950 2 Shawe 5% C 70 10244 10212 10213 38 Shawsheen 75 ‘31000101 * 10034 10074 3 Snider Pack s '32.. 63'; 63'; 633 SE PAL 6 A 2028 xw 105'3 10572 10515 2 South Calif Ed 5% 51102z 10213 10213 4 South Cal Gas 55 '37 83~ 03 43 ern Gar 61,5 ‘45101 101 101 4 a3, 93 a3, I ] 47 a8 a7'. a8 51's & ! 110217 10 100°3 100 45 94 56.. 100 8012 a1 52 87'2 a9 1015 10103 Co 55 32 exas Gas Ut fs exas P & L 55 1 70 n & Co 6 Lt & Ry 5 N aSenSlanSnwm “ o8 - o35 98 80,00 100 s Tex Ut 5s A 92 FOREIGN BONDS, 22 a4 84's 8 26 82, il nk s 48 821> 2 87, 943 9974 88)2 PR B8 | 943, 9413 9435 00°% 100%s 100 81, 81 81 882 88)2 B8z 837a 837, 3 Helsingfors 6'.x 11tal Sup Pow ‘6s edcellin_Col A 18 Prussia F 8 s ‘52 2 Prussian F 5 635 51 27 Ruhr G Co 8125°A 53 S Russian Sias cifs ‘21 2 Russ 8'55 cif N C 19 7 Santiago Chile 7s ‘61 | bushel, NCIAL. Notice—All stocks are soid In ene hundred-share fots excepting those designated by the letter s (65s) which shows those stocks to be sold in odd lots only. ~ Prev.1980.— High. Low. . Stock an: Dividend Ral 54 Aero Supply (B).... 1021 Ala Great Sou (17).. 4 Allegheny Gas. 108 Aluminum Co, Ltd 18 Alumn Goods (1.20). 3% Am British & Cont 35% Am Cit PAL(A)(a3) 12% Am C P&L(B)(10%) 21% Am Com I'(A) b10%. & Am Co'with Pwr war ‘= Am Control Oil Flds, 17% Am Cynam B (1.60)., 121x Am Equities. 8% Am For PWr(war). . Am Gas & Elec (31). Am Invest, Inc (B).., Am Invest (war).. .. Am Lt & Trac (2%).. Am Maricabo. . Am Natural G o amandra (3). Am Superpwr (1) Am TobacRB(new) Am Tobac (new) w.i. Am U&Gen B vie 400 Am Yvette (n) w.i... Anchor P F (b10%). Appalachian Ga: Arkansas Nat Gas. Ark Nat Gas (A Ark P&Ltpf (1).. Asso Elec ind (30¢). A330 Gas & Elec. Asso GEE (A) 12.40. Asso GEE (A) db rts Asmo Gas&El ctfs(8) Asso Laundries. ..., Auto Music A(11.05) Bahia Corp. . Bahia Corp pt. BancomitCorp(1.60). Bell Telof Can (3).. Blue Ridge Cp (40 Blue Ridge cv pfas) Brazil Trac & Lt (1), Brill Corp (A) (65c), Brit Am Tob B 11.20., Buft, N&EP pf(1.60). Bulova ev pf (3%). Burma Corp (t3lc Cab&Wire pf(27 ¥;6) Canada Marconi, Carnegie Metals Carib Syndicat Celanese 1t pr! s Celanese Corp pf(7). 2i Cent P'S (A) (a1.75) Cent States Elec 1400 Centrifug Pipei60e). Chain Stores Dev. . Chain Stores Stock. Chat Ph Al n-v(50¢) ¢ Chem Nat Asso n-v. Chesbrough MIg(15) Chi Nipple Mfg (A). Cities Service(Isuc), Cities Srve pt (6 Clev El Illum (1. Colombia Syndicate. Colon O3l Colts Pat Fire A ( Col Oil & Gas vie. Com'with & Sou war. Comm Wat Serv bé% Consol Aircraft Consol Auto Merch, Consol Copper...... Con Gas, Ball0(3.60) Consol Instrument. . Consol Laundries. ... Contl Chicago Corp Contl Shary Cooper Be: Cord Corp. - Corp Sec, Chi (b6%). Cosden Oil...... Creole Petroleum Crocker Wh Crown Cent Cuneo Press (2%) Darby Petrol (new).. Dayton Air & Eng. Deere & Co (11.20). De Forest Radio. Detroit Alrcraft Dow Chemical (2). Dresser(SR) A(3%). Dubilier Cond & Rad Duke Power 15)... 100, Duquesne Gas Cp w.| Durant Motors. Eastn G&F Asso.... Eastn Sta Pwr B(1). Eastn Utll Asso cv. Eisler Eelectric(1%) Kl Bond&Sha cu pf(5 El Bond & Sb (b £l Bond & Sh pf ( Elec Pwr As30 (1).. 3 Elec Pwr Asso A (1) 257 Ele~ Pwr & L op war Elec Pwr & Lt pf (6). Elec Shareholdg(31) Empire Fire ins. . Empire Steel Corp. Europ El, Ltd A (60¢) Euro Elec deb rt. Evans Wallow Le; Fansteel Products Federal Screw (3).. Federat Metls(t1% ) Florida P&Lt pf (7). Fokiker Alrcraft.. Ford Mor,Ltd. 37 % Fox Theater Cl (A). General Baking. Gen Baking pt (3). Gen £, Ltd rets(50c) Gen Petroleum w.i... Gen Pub Sve pf(6). . Gen W W&E(A) (2). en Alden Coal 8 Globs Underwriter: Golden Center. . Goldman Sach T C. GrA&PTn-v(5).. 4 Gt Lakes D C (new). Groe Stores Prod vie Guard Fire Asso(2).. GulfOllof Patl%). Hall Lamp (1%). Happiness Candy Hecia Mining (1)... Houston Ofl of Texas Hudson Bay M& 8., Humble 01l (2)..... 4 Hygrade Food Prod. Imp Ofl. Can, n(50e), Ind Pipe L, n (12%).. Ind Terr illu O} (B) Insull Util Inv(19%) Insull Ut in 2d pf(6) Insurance Sec(1.40). Intercontinent Pet n Intl Petroleum (1). Intl Superpwr($1). Internatl Util (B). I1ntl Utlities (w: Intl Utll war (new).. Interstat H M (1.40). Iron Cap Copper-... . Irving Air Chute (1), (talian Superpwr A .. Kerr Lake. Kirby Petroleum. ... Lackawanna Sect4). Landay Brothers(3) Lefeourt Real(11.85) 30 Leh Coal&Nav n1.40 1% Leonard Oll... Sales— Add 00. 2 9% A% 49 4 L KD o o Bor b R0 D e T is g Sumnolals onaBrminS e —on M » . 9 T e e e e L e Open. High. Low. TH ~Prev 1930.—~ High. Low. 30% 174 20% 3% 5% 34w 5 2 17 12 S Lily Tu Loew’s. Close. ¥ 105 5 180 18 B4 37 161 231 % 8 105 5 160 18 74 105 LY 160 18 Loui; Man-B Mannin Mare In Marine 14 0 By 8 29% 1 554 1674 1% 8% 25% 1% 164 228, 15 1 36 T R 10 3315 104 12 264 1084% 14% 155 12 Mesabi Mid Wst Mid Wi Mid Roy Monoga Mo Kan Modine at] Avi atl Da Natl Pw: Natl Rul Neet, In N J Zinc NY Tel Niag Hug Niag Hul Niag Hu; Nipissin; Noth Eu; Nor Sta Novadel Ohio O11 Ohio 011 Outbd M Pac Pub Pennroa Peoples Peppere Perfect Petrol Corp war. . Prudent| Railway Reliable Roan An Rooseve! Rossia I Salt Cre Schul Schulte Seaman Selected Sheaffer * Shenand 4 Spanish Stand Oi St 01, O Stand P 4 Stein Co Strauss Swift & Swift In Thatche; Tri-Con Tubsize Ungerle! Utd Fou: U S Elec U § Fini U S Foil U S Raa Vacuum Venezue! Walker Walker Watson Wenden RIGH' % #* % 215 e 1% Lone S annuai payment. 237 1% In cash or stock. E_EVENING STAR, WASHIN Stock and Dividend Rate. Lone Star Gas. n (1). ana Lan & Ex. Mavis Bottling. Mead Johnson 13.15 Mer Cha & § (1.60).. Met & Min. Inc(1.20) MissKPLvte.. atl Amer Co. atl Banksve (5). atl Bond & S (25¢). Natl Fam Strs(1.60). Natl Fuel Gi Natl Screen Sve(2).. Nat Sh Trm SecA 150 Natl Transit (1) Nebel Oscar 1%.. ehi Corp (1.30) Nevada Cal Elec. . ew Brad Ofl (50¢).. New Eng T&T (8).. Newmont Min ($4).. Newport Co (2). N Y Rio&Bu Alres Rainbow Lu Prod A. Reiter-Foster(40¢). . Stutz Motor Car. Van Camp Pkg pf.. White Kagle O db rts Zonite Products (1). Hud Bay M&B, July 15 InsCoof NA. Intl Nickel w. Dividend rates in dollars based on iaat quarterly Received by Private Wire Direct to The Star Office Sales— Add 00. Open. High. lp Cup 1%.. 264 264 Ine (war) 9 9% 34 361 2% 2% 16% 17 12 12 9% oy 30 804 1% 1% 63 67 17 17 1 114 13 18 27 27% 2% 19 - wman(A)1% & Bo B (50c). tM (5234¢)., Mid (1.20) ST Y === N P Iron... t Ut11(b8%) .. t Util A war. ity v pf(2). WPPpf1%. PL(b10%). » MIg Co (3).. iation. 2 . 150 PrpfA(7).. M)... r& Lt pf (T) b Mach (2).. ARG E R Ba c, ev A (1.60) (123%)eeeem I o R T pf(6%) d Pwr(new). d Pwr.A war d Pwr B war Niag Shars Md(40¢). g (30c). Noranda Mines (2). No Am Aviat A wa No Am Lt&Pr(b8%). Nor&Sou Am Corp A. ro Oil Corp, . North St Pwr pf(6). Pwr A(8)... Agene 121, Ohlo Copper. 1) Pt new (6).. Ot(A)(1.80). Outboard Moter (B). Pac G&El 1st pf 1%, Sve (1.30).. d Corp (20¢) L&P, A a2.40 11 Mfg (8) Circle (2). Philip Morris, Inc... Philippe(L) B t1.80 Plerce Gov (1%). Pitney B P, n (20¢).. Prince & Whitely 1.. Prince & Whit pf(3). al Invest % Pub Util Hold w w. . Puget Sd P&L pf (§) 208 Pure Oil pf (6)...... 108 & Lt S(15). 1008 1 14 Strs(b5%). Reliance Manag. . telope Min. , 1t Field,Ing ntl Cor Ryan Consolidated. . St Regis Paper (1).. St Regis Pap pf (7). ek Con (40¢) . Saxet Co... Real Estate.. Un se-31 St.. Bros (3). Seaboard Util (50c) . Seg Lock & H (50¢).. Seiberling Rubber Industries., Pen (13).... oah Corp. ... Singer Mfg (117). Smith (A O) (2). So Am Gold & Plat. . South Coast. Southern Corp. Southland Roy (1).. & Gen Reg.. Stand O1l, Ind (23%) .. L KY(11.80) hio of (7) wr & Lt (2 Stand Pwr&Lt B (2). smetic: Roth Co new (2" ternatl(24 Syrae Wash M B (1), Tampa Electrie (32) Technicolor. Ine.... ‘Teck Hughe: 160e).. r Sec Corp.. Tish Realty & Con. . Transame; Tran Con Alr Tran. . (11.60).. t Corp (war) Tri Utiiities($1.20) Chatel (B). 1der F Corp.. United Chem pf (3).4 United Corp (war).. nders(b2.35) United Gas Co (new) United G United Gas pt (7)... Utd Lt & Pwr A(1 Utd Lt & Pwr of (6, U S Elec Pwr ww (war)... Pwr (war). shing. (B) (1) U S Lines pf (1) U S & Overse: war, tator (2) Unit Verde Ext (2).. Utility Pwr&Lt(al). Utility & Ind von Util & Ind pf (134).. Utility Equitie: a Ofl (14%). 4 la Petroim. . Vick Financial Corp. Walgreen Co. . (H) (1).. Min (1%e). (J W) Co... Copper. . 21 « 148 o | 14% 16% | TS, Expire 126 1 . 470 uly 3 146 - 2 " 1" - 2% - 2% il 2% & W 1% 24 or semi- .Oct 1 J 28, tar Gai *Ex-dividend. 1Partly extra. $Plus extra in stock. a Payable | b Payable in stock. d Payable in preferred stock Special Dispatch to The Star. BALTIMORE, June 30.—Potatoes, white, 100 pounds, 2.00a2.50; new, barrel, 1.75a3.25; asparagus, dozen, 75a 3.00; beans, hamper, 35a75: beets, 100, 1.50a2.50: cabbage, hamper, 40a75; car- 100, 2.00a4.00; celery.’ crate, 3. : corn, crate, 1.00a2.2 hamper, 60a75; lima beans. bushel. 2.00 a3.25; lettuce, crate, 1.00a1.50; onions, 75a1.15. green, 100, 1 peppers. crate, 1.25a2.50; peas, bushel, 1.25a3.25; spinach, bushel, 75a 1.00: squash. hamper, 25a40; tomatoes, crate, 50a1.50; apple. bushel, 1.2523.00; blackberries, quart, 10a15; cantaloupes, oranges. box, 3.7589.00; peaches. crate. 1.5023.00: pine apples, crat watermelons, 100, 30.00a50.00. Dairy Products. Poultry, alive—Chickens, Spring: pound, 25a35; Leghorns, 21a24; ol roosters, 13a15; old hens, 21a24; Leg- horns, '14a18; ducks, 16al18: gunea fowls, each, 40a75; pigeons, pair, 25. Eggs—Receipts, 1403 cases; near- by firsts, 2275: Southern firsts, 2115, Butter—Good to fancy creamery pound, 33a35: ladles, 24a25; 25; process, 9; store-packed, 18, Live Stock Market. 29 Stdney NSW 3'.s 83 15 Terns Sor &' A '52. 1 United EI Ser ww o With WA N Xw Fanis, n-New, Wi—When issued, 3.0024.00; | | | } cucumbers. | \ 75a | 1o choice, 8.00 to 8.50; medium to good, | | | | crate, 1.50a6.00. cherries, pound, 5al15; | Cattle—Receipts, 600 head; fair sup-! ply; market very dull and lower. good. 8.50 to 9.25: fair to medium, 7.50 | to 8.25; plain to fair, 6.75 to 7.25; com- | mon to plain, 6.00 to 6.50. Bulls—Good to prime, none; choice, 6.75 to 7.00; medium 6.25 to 6.75; fair to medium, 6.25: plain to fair, 5.25 to 5.75; to plain, 5.00 to 5.25. Cows—Choice to prime, none; good to choice, 6.00 to 6.50; medium to good, 5.00 to 6.00: fair to medium, 4.00 to 5.00; plain to fair, 3.00 to 4.00; common | to_plain, 2,50 to 3.00. Heifers—Choice to prime, none; good good to to good, 575 to common 7.5 to 8.00; fair to medium, 7.00 to 7.50: plain to fair, 6.50 to 7.00; common to plain, 5.50 to 6.00. Fresh cows and Springers, 40 to 80. Sheep and lambs—Receipts, 5,500 head: fair supply: market lower: sheep, 1.00 to 3.50; Spring lambs, 6.00 to 11.00. Hogs—Receipts, 1,700 head; light sup- ply; market stronger; lights, 9.85 to 10.10; heavies, 950 to 9.90; medium, 9.85 to 10.10; roughs, 7.00 to 8.75: light pigs, 9.00 to 9.75; pigs. 9.50 to 10.00 Calves—Receipts, 900 head; good sup- ply: market stronger; calves, 5.00 to 11.00. Hay and Grain, Wheat—No. 2 red Winter export, 91; No. 2 Winter, garlicky, spot, 90%: July, 90. Corn-—No. 2 domestic, yellow, new, 89a90; eob corn, 4.25a4.50. 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. NEW SECURITIES NEW YORK, June 30 (#).-—New se- curities offered today include: Pittsburgh, Fort Wayne & Chicago Railroad, 2,500 shares 7 per cent pre- ferred stock to yield about 4.40 per cent, Joseph Walker & Sons. City of Beacon, N. Y., $422,000 41, per cent bonds to yield 4.15 per cent, by H. M. Byllesby & Co. and E. J. Coulon & Co. East Providence, R. I, 200,000 41, per cent bonds to vield from 3.75 to 4.25 per cent, by H. M. Byllesby & Co. GENERAL REFRACTORIES. NEW YORK. June 30 (#).—Stock- | holders of the General Refractories Co. of Philadelphia have approved an in- crease in capital stock to 600,000 no-par shares from 300,000 and an increase of $5.000,000 i1, the authorized indebted- ness of the company. OIL OUTPUT DROPS. NEW YORK, June 30 () —Output of Rye—Nearby, 60a70. Oats—White, No. 2, 48; No. 3, 4714, Hay—Reeelpts, none. The general crude oil in California for the week | ended June 28 averaged 599.900 barrels | plans hinge on the taking of testimony | {in New York today in the Government's | case against i reached by | self today. { mon foes. | Royal Dutch. | CHICAGO LIVE STOCK MARKET | Hogs, 44,000 head, fncluding 20.000 di- | ket: | and yearlings; cows scarce but under- | daily, & decrcase of 4,100 from the pre- Steers—Cholce to prime, none: good 'hay market continues quiet under light | vious week, the Califcinia Ol World to cholce, 9.50 to 10.00; medium to receipts, mostly by truck, but ample forreports, GTON, MARKETING CHIEF PROBLEM IN OIL Consumption Growing at Alr| Times—Vacuum-Standard Action Interesting. Special Dispatch to The Star. NEW YORK. June 30.—Important the “Standard Oil Co. of New York and the Vacuum Oil Co. to prevent consummation of the agreement those two companies to merge. Both were units of the old Standard Oil trust dissolved by Supreme Court decree in 1911. Now they seek to re- unite, not as a_trust, but as a_greater independent ofl company. The fact that both companies willingly take the case to court, instead of acquiescing in the Government's view that they are inhibited by the 1911 decree from con- solidating, indicates how vital to their future the two organizations consider the outcome of this litigation. The plan to consolidate two units of the old oil trust serves to direct atten- tion to the peculiar and difficult posi- tion in which the oil industry finds it The problem of most basic | industries today is one of creating a | demand for their products during these | times of general business depression. The world is using less than normally is | the case, with the result that volume of industrial activity has declined from 25 to 40 per cent in many lines, and the business of individual corporations has declined _in proportion. Witness the falling off in steel output, copper manu- factures, consumption of crude rubber and of iron ore and other products. No Decline in Demand. In the case of the oil industry. there has been no such decline in demand, despite the business depression. On the contrary, there is every indication that the world wiil use more oil and oil products this year than in any previous year in history, not excepting 1929. when all records for consumption of oil were broken. Statistics available show that consumption of gasoline so far this year has run about 12 per cent ahead of that for the corresponding 1929 riod PeNelther is there any problem of sup= pIy to both oil companies. There is an apparently unlimited stock of crude ofl underground, which can be tapped at any time and in any quantity desired. The problem of the oil industry, there- fore, is simply of adjusting supply to the ever increasing demand and pre- venting waste of one of nature’s most valuable resources without at the same | time indulging in cut-throat competi- tion. In other words, the problem of oil companies is largely one of marketing. Much has been done toward regulating production of crude oli, and something has been accomplished toward curtail- ing excess production of gasoline. The American Petroleum Association also has adopted a code of business ethics designed to eliminate all unfair busi- ness practices. Nevertheless the com- ! petition in the oil industry for gallonage keen, and it {5 becoming keener day. Hence the necessity of consolidations | and creation of larger wholly integrated | units. The future of the oil industry may be visualized as concentration of the business into the hands of a com- paratively few big companies. Boundaries Being Wiped Out. Old territorial boundaries are being | wiped out, as Standard Oil offshoots in- vade each other's fields, not to fight | each other so much as to war on com- | Strange as it there are | only two companies in_the country | doing a Nation-wide business, and neither is an offshoot of the old Stand- | ard Oil trust. Those companies are the Texas Corporation and the Shell Union Oil. The former is an American com- pany, but the Shell is controlled by the may seem. The Texas Corporation | enjoys the distinction of being the only | company distributing its products in| every State of the Union. Shell Oil re-| tails all over the country, but not in| every State, as yet. GRAIN PRICES DROP Heavy Movement of Wheat From Harvest Fields Depresses Values. CHICAGO, June 30 (f).—Almost countless trainloads of wheat moving from Kansas, Oklahoma and Texas harvest fields into grain centers todav proved to be more than prices could stand up under. The volume of ar- rivals at primary points was about 21y | times that of a week ago, but not equal to record-breaking on-rush of wheat a year ago. Harvest operations were re- ported as continuing with mostly ideal | conditions. Wheat closed unsettled 1'< to 115 cents lower than Saturday's finish. Corn closed to 114 cents down, oats a shade to 35 of a cent off, and provisions | varying from 5 cents decline to an equal gain. WHEAT High. Low. Close. | % 803, .8A% .80%s | September 3% 318 | December 000010 9 9 983 | CORN | July B . Sentember December 3 i el OATS | auly 5 Septembe December RYE September December CHICAGO, June 30 (#).—United States Department of Agriculture) — rect, opened steady to 10 higher; later trade active to shippers and small pack= ers at 10al5 advance; top, 9.35 paid for a few loads 180-250 pounds. Light light—Good and choice, 140-160 pounds, 9.00a9. light weight, 160-200 pounds, 9.10a9.35; medium weights, 200~ 250 pounds, 9.10a9.35; heavyweight, 250- | 350 pounds, 890a9.30: packing sows, medium to good, 275-500 pounds, 7.85a 8.50; slaughter pigs, good and choice, 100-130 pounds, 8.00a9.00. Cattle—19,000 head: calves, 1,500 head; not enough done to make a mar- bidding considerably lower on fed tone ‘on all she stock weak Slaughter cattle and vealers—Steers, good and choice. 600-900 pounds, 9.50a 11.50; 900-1,100 pounds, : 1,100:1,300 pounds, 10.00a12.50: 1,300- | 1500 pounds, 10.50a12.60; common and medium, 600-1.300 pounds, 6.00a10.25. | Heifers, good and choice, 550-830 | pounds, 925a10.75; common and me- | dium, 6.009.50: cows, good and choice, | 259.25; common and medium, 4.75a | 5: low cutter and cutter, 3.504.75; | bulls (vearlings excluded). good and | choice (beef), 6.25a8.25; cutter to me- dium, 5.00a6.50; vealers (milk fed), | good and choice, 9.50a11.00; medium, 850a9.50; cull and common, 6.00a8.50. | Stocker and feeder cattle—Steers, good | and choice. 500-1,050 pounds, = 8.00a 9.75: common and medium, 5.75a8.00. Sheep—Receipts, 8,000 head: market slow: few early sales fat lambs 25 lower; sorted natives at 11.50; choice Westerns held at 12.00 and above: fat sheep steady: throwout lambs mostly 5.0085.50; lambs, 90 pounds down, good and_choice, 10.75a12.10; medium, 8.75a 10.75; all weights, common, 6.00a8.75; | ewes, 90-150 pounds, medium to choice, | 2.00a3.75; all weights, cull and com- mon, 1.00a2.75. NEW YORK, June 30 (#).—Sales of pig iron in the New York market last week amounted to nearly 8,000 tons and may aggregate a higher figure. inquiry now before the New York market amounts to 3.000 to 4,000 tons, some for immediate delivery, while other lots are wanted for as far ahead as late Fall, CHICAGO STOCK MARKET | By the Associated Press. CHICAGO, June 30.—Following is the complete official list of transactions in | stocks on thé Chicago Stock Exchange today: Sales in hundreds. 50 Acme Stee] 100 Atlied_ Mot 30 Am 150 Am 200 Am io0Am yvette 50 Art Metal e 115Assoc T & T A.. 430 Assoc Tel Util 3 c Tnv fen " Aute " 33 Baiahan & Kats 800 Banco. Kenticks 2200Bendix_ Aviation . 8300 Bore-warner : 150 Borin Vivitone pf.". 300 Brach & Sons 200 Bruce E L 100 Burnnam 400 Btler Bros 100 Castie A M.. 130 Geco' Mfs 2230 Cont 111 so¢ 200 Cent Pub Serv A ..., 50 Cent & 8 West xd 150 Cherry Burrell 4300 Chi City & Con Ry 4400 Chi City & C Ry 530 Chi City & © R 4300 Chie “Corp: . C. 200 Chic Corp pf 78 Chic Flex Shai 500 Chic_Investors.. 100 Chi No § & M RR 500 Chic Yell Cab... 1550 Chi Rys Ser 2., 42 Cities Service 335 Chgo_Rys . 5 Cht Rap Tran pf A 235 Comwith Edison 450 Consumers - 2800 Cont Chicago . 400 Cont Chic pf. 2000 Cord Corp 4700 Corp See 250 Corp Secc ctfs. 188 Crane Co 0. 13 Curtis Mg 111 30 Decker & Corn' - 32 Blec Housenold 50 Emp G & F 6°. pf 100 Fabries Finish 1200 Foote G & Mach 350 Gen Candy_Corp. . 750 Gen Thea Ea 100 Gon War Wis A 230 Gleaner 100 Gt Lakes " Aircraft 00 Grizshy-Grinow ind Com Pow Equities. Radio. Trad ot ctfs ot ille Hershey’ A 1000 Houdaille Hershey B 100 Ind Ter Tilum Ofl.. 1300 Inland Ut ..... 8000 Insull Ul 200 Insuil Ut pf 100 Iron Fireman 300 Jefferson Elec 150 Katz Drug G 2 Ky Ut Jr Cim bl 150 Libby McNeill ... 400 Lincoln Print 100 Lincoln Print pf.. 350 Lion Oil Ref. ... 1100 Lyneh Glass ig 5200 Majestic House U5l 300 Manhat Deathorn 500 Marshall’ Field 50 Material Serv 200 McGraw Elee 100 Meadows Mfx 200 Merch & Mfrs ‘Al 15100 Mid West Unl... L 200 Mid W Ut 65 pf A" 100 Mid W UL A war... 100Mid W On B war..@ 1450 Midland Nat Gas A . 300 Midland United ... 150 Mildand Unit” pt 13 2nd ‘Ser Mo Kan Modine Rep TInv 1950 Nor Am L 100 QRS Music. . . 100 Steinite Radin | Improvement, despite the current, reces. uper-Maid 500 Swift & Co. 1900 Swift Tnt'| 200 Transtormer 10011} 200 Twelfth St. 8t 'A B00U'S Gypsum . 430U § Radio & Tel 100 Utah Radio ... 400 Util Pow & LA 100 Util Pow & L'n-vet 1000 Uil & Ind......... 200 Util & Ind pf : 25 Viking Pump pf 150 Vortex Cup 200 Vortex Cup A 200 Wahi 50 West Coni Util 400 West P L & Tei. 30 Wextark *Rado. 3330 Wis Bank Shrs. 200 Yates Mach... 1300 Zenith ~ Radio, Bend sales tod Stock sales toda BONDS, 51000 Insull Util 6s '40....101 100 101 TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) ate—Maturity. Bid COH!Y . 1831...... 1 15, 10300 5. 1030 103200 1032 1932 PARIS PRICE STEADY. PARIS, June 30 (.—Prices were steady on the Bourse today. Three per | cent rentes, 87 francs 30 centimes. Five per _cent loan, 101 francs 65 centimes. | Exchange on London, 123 francs 72 centim The dollar was quoted at 25 francs 45 centimes. POWER ISSUE OFFERED. NEW YORK, June 30 (C.P.A).—Of-| fering is being made today of an issue | of $4,000,000 Western Power, Light & Telephone Co. 5!, per cent gold notes, maturing March 1, 1931, by Halsey, Stuart & Co. A. B. Leach & Co., Inc.. and Central-Illinois Co., Inc. The bonds nr?tprlced at 99.67, to yleld about 6 per | cent, BUTTER STEADY. CHICAGO, June 30 (#)—Butter— | Receipts, 19,782 tubs; market steady. Creamery, extras, 3215; standards, 32! extra firsts, 30'2a3115; firsts, 2815a2915; seconds. 2615a2715. Eggs—Receipts, 31,155 cases; ‘market unsettled. Extra 21: fresh graded firsts, 2015; * | counter market— fresh current, receipts, 19'2; ordinary | current receipts, 18'5a19; storage-pack- ed firsts, 2115 storage-packed extras, 22. D. C, MONDAY, JUNE 80, 1930. FINANCIAL, kR A—15 _— OUTLOOK FOR TRADE IN BALTIMORE GOOD Classification of Business Activities in Monumental City Point to Encouraging Prospects. | Special Dispateh to The Star. BALTIMORE, June 30.—Business in | Baltimore has not been bad and the prospects for the future are encour: ing, according to a report of a com- mittee of the Baltimore Association of Commerce covering a survey of condi- tions for the first five months of this year Data on 11 business indices were col- lected by the committee, which com- pared the first five months of this year with the first five months of 1929 and 1928, Six of the indices, or classifications of business activities, on which the survey was based for 1930, were below the 1929 level, but five were above last year's figures. It was pointed out that in comparing 1930 with 1028 it was found tfint the same conditions existed. Those factors that were ahead of 1929 | were also ahead of 1928 and those that were behind 1929 were also behind 1928. The street car passengers as reported | by the railway company show a de- crease of 5.3 per cent below 1929. This particular item has been decreasing each year, For the first five months of 1930 there were two per cent more employ=- | es in industry than for the average of the last six months of 1929. The salea of local department stores ‘!nr the first four months of 1930 were 3.8 per cent greater than for the same period of 1929, and 1929 was .6 of 1 per_cent greater than 1928. Building permits for the first five months of 1930 were 12.9 per cent | greater than for the same period of 1929 and only 2 per cent behind 1928. Building projects planned for the eity and State, to be started upon in 1930, total $138,670,000. COTTON TRADE QUIET Rallies on Cir;:rl;\s"rr;)"nw Early Declines in New York. NEW YORK, June 30 (#).—-Trading in cotton was very quiet today, with early declines under some liquidation, and Jocal selling on a favorable view of the forecast for unsettled weather or showers in the South, followed by ral- lies on covering. The failure of the better weather forecast to bring in more selling prob- ably led to part of the buying. July was selling around 13.50, or 9 points net lower, and new October at 13.02 during | the middle of the afternoon, when new crop positions were within a point or 2 either way of Saturday’'s closing quo- tations. EARNINGS INCREASE United Gas Improvement Sales and Revenues Show Gain. NEW YORK, June 30.—United Gas sion in industrial activity, continues to show increases in sales and revenues. Earnings for the 12 months ended May 31 showed a gain of 29.3 per cent. Sales of electricity in the first five months of this year were up 9.3 per cent and gas sales in the same period rose 11.4 per cent over 1929. INVESTMENT TRUSTS NEW YORK. June 30 (#).—Over-the- Bid. Asked. Affiliated Inv Tnc. 5 Az Do. new units .11l Alex Hamiton Inv’ A Alliance Inv Corp _com.. Britt & Cont 67 pi & Com Corp .... Founders ... Founders 87 15t pf Founders 7% 1st pf Founders 1-70th" Founders conv pf etf Founders war ... Founders 1-40th”.’ ‘com & Gen Securities Corp A & Gen Securities Corp B. Ins Stocks it Util & Gen Allot’ ctf Assoc Stand Oil Shares Al Sec pf R Do, war At] & Pac Ini units Atl & Pac pf war . Bankers Nat Inv ... Bansicilla Corp Basic Industry Shares British Type Invest Capital Manage Chain & Gen Equities | Chain Store Invest ne O BE i s §is Chartered Tnvest com.. Do. pf s¥i Chelsea Fxchange 4 | Cont Meiro Bank Shares A Corporate_Trust Shares Crum & Foster Ins B | . De. ot Crum & Foster inc B. Do. B 8% pt DIVIDENDS DECLARED NEW YORK, June 30 (#).— Regular. Pe- Pay- Rate. riod. abl e T 4 Hidrs. of record. June 27 June 20 July 18 June 26 June 20 June 20 Company. Cont East Cred Unl Bk First Nat Tnv.... 73 St & T Inc A.$1.12! United Pub .....31.28 Do pf. . Corp June 30 Jamison Coal & c..7%c Q Pa Nat Bk (Phila);50c Q Omitted. 375 Q Mills June 28 July ‘1 June 27 June 30 Lib Baking_pf Woodside Cot S FOREIGN EXCHANGES. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks value (orpar). _ today. . 34.8665 1486 Due July Due July Due July a 1 1 Roma. Zurich, Athens. lira franc drachma. Madrid, Dpeseta. Vienna. schiiling Budapest, pengo. Prague. crown (nom.) Warsaw, ~ zloty Copenhagen, Oslo. crown. . tockholm, crow crown. . To Holders of i NORTH AMERICAN TRUST SHARES DIVIDEND for period ending amounting to $1.34 the six months’ June 30, 1930, per share. iz now pavable to holders of North American Trust Shares. To i ment of the full amount of coupon nsure prompt pave 0. 3, which is considerably in excess of the face amount of this coupon, we suggest that you present them at our Office, where full information can he obtained regarding vour Rights to Subscribe (ex- piring July 15th. 1930) to additional Shares at one-half a point below the cur- rent offering price. W. W. LANAHAN & CO. BANKERS WASHINGTON OFFICE: HILL BUILDING EDWIN D. FLATHER, MANAGER PHONE NATIONAL 6997 Members New Pork & Baltimore Stock Exchanges Associate Member New York Curb Exchange BUS MEN FORESEE REGULATION NEED Growth of This Form of Transportation Bringing Laws to Govern It. Special Dispatch to The Star. Growth of bus transportation is hav- ing a more potent effect in promoting laws for the regulation of motor car- riers than the efforts of members of the House and Senate supporting such measures, Whether the Couzens measure pro- viding for interstate bus regulation is passed at this session of Congress or not, men in the motor bus field believe some regulation is absolutely essential in the not distant future. Some States exercise a partial regulation even in interstate traffic and many supervise in- trastate operations, but there is a lack of unimormity in this regulation. and some States feel they have no right to deal with interstate movement at all. The total number of busses in opera- tion today is_approximately 95000, of which about 35000 are motor carriers, 18.000 electric rallway busses and 42,- 000 school busses. The mileage of all regular bus routes is about. 783.000 and common carriers in the bus field are expected to travel 1,800,000,000 miles this year. This means the transporta- tion of nearly 2,000,000,000 passengers, Passenger Volume Rises. ‘The number of passengers earrie motor coach lines since 1‘922 has ahdo:z a gain of 197 per cent, while the num- ber carried by steam trains and electris ; surface lines has decreased 9 per cent for the first and 3 per cent for the sec ond. The steam and street railways have not been slow to see this trend, and they are increasing the number of busses they operate and establishing bus, ;ome? t.mwnn stations formerly served exclusivel, ey ly by cars running over The larger railroads -are doing this over their entire routes, both for pase sengers and freight. They are picgtnu out the unprofitable stretches and giv- ing motor bus service at less cost and gathering new passengers thereby, The regulation of interstate and in~ trastate operation of busses is & probe lem which concerns many lines of in- dustry. The bus has changed the entire mode of life of millions of Americans. The latest reports from the 1930 census indicate that workers who for merly lived in close proximity to their places of employment no longer find it necessary to do so. With the new methods of transportation available, they are moving to the suburbs and the old tenement districts of large indus- trial cities are being wiped out. Interstate Problem. In a score of industrial centers these suburbs are located in States other than the one in which the place of employment, is found. Some means, it is asserted by specialists in bus trans- portation, must be provided whereby the safety and comfort of the inter- state traveler must be looked after, as well as the safety and protection of non-riders. Uniformity of regulation is what is now sought. Along with regulation is - coming additional comfort for passen- gers. New bus fleets are the last word in luxury and convenience. In addi- tion. more space and added comfort are being provided for riders in steam and electric cars. Trolley cars are now being built which will show correspond- ing aceceleration with automobiles, so that they can get off to an even start with traffic when the lights change. These trolleys have an operating speed of 38 miles an hour. Busses are being double-decked and brought to a state of mechanical perfection where one- man operation of a vehicle seating 68 passengers is possible. SUMMER GOODS SALES. NEW YORK. June 30 (#)—Pre-in- ventory sales effort on Summer home furnishing yard goods resulted in & good turnover during the past week, according to market reports. Bedroom ensembles and curtain sets in eretonnes and chintz were among the more active numbers in the New York City area, Mo;\ey to Loan ializing in Established Business Investments JAMES Y, PENNEBAKER Nat.5291 1520 K St. N.W. Basement of Investment Bl 15th & K Sts. Met. 3601 Day ‘or Month. Thirty-Five Year Sinking Fund 5% Gold Debentures Due January 1, 1960 Coupons of these debentures, payable on July 1,1930, will be paid in New York at the office of the Treasurer, 195 Broad- way, or in Boston at his office, 125 Milk Street. H. BLAIR-SMITH, Treasuter. REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD pplications invited on high-elass artments and lings, and partien- y_on well loe; ness preperties. for 3, 5 or 10 years. If so desired. 1520K St. NN\W. National 0478 First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. —the IDEAL INVESTMENT for in- yestors who demand SAFETY, YIELD and GROWTH of Specially suited _to lon, vestments for individua: funds and funds of orsanizations. Sold in Lots—$100.00 Up Call or Write Standard Collateral Shares Corporation Woodward Building Met. 298 Year Convertible 4/4% Beiearass Bl Due July 1,1939 Coupons of these honds, able on July 1, 1930, will be Y pflgeh_\r ew Yofiir lhe:iu ofthe Treasurer. 195 Broa or in Boston at his offce, 125 Milk Sreet, H. BLAIR-SMITH, Treasurer. v Money on Hand to Loan on First Deed of Trust 6% Interest Reasonable Commission and Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W.