Evening Star Newspaper, March 24, 1931, Page 14

TA—14 wuw TRADE PACT PLAN STIRS OPPOSITION Other Nations Oppose New German-Austrian Cus- toms Agreement. BY JOHN F. SINCLAIR. Epecial Dispatch to The Star. NEW YORK, March 24.—When Aris- tide Briand, foreign minister of France, suggested an economic United States of Europe he ran into a lot of difficulty. Germany and Austria have taken the suggestion seriously! They have decided to see how the Briand scheme will work out. They plan to cut down all tariff walls between their countries and allow trade to move back and forth freely and without obstruction. Dr. Julius Curtius, German foreign minister, insists that the plan outlined will not affect in any way “the integral independence of the two countries.” But the agreement has started a storm in other countries. Austria and Germany are prohibited by the Ver- saflles treaty from joining politically. France, Italy and Czechoslovakia have raised warnings and declared that the new agreement constitutes a breach of the Geneva protocols, entered into nine years ago. . Dr. Schober, Austrian foreign min- ister, formerly prime minister and be- fore that police commissioner of Vienna, and Dr. Julius Curtius, German for- elgn minister, say the agreement is nothing more than the first contrib tion toward a “fundamental idea of a United States of Europe—an idea which envisages not only an economic entente, but also the consolidation of European and world peace.” This plan is the most constructive piece of work definitely outlined in re- cent years in Europe. It should be tried out. For the understanding is that if it works successfully in these two coun- :}1!6 it can be extended to other na- ons. Europe's supreme work today is the cutting down of tariff barriers and al lowing the people of Europe to do bu ness with each other. ‘Wheat Prices. ‘The Federal Farm Board threw a stick of dynamite into the world mar- ket yesterday when it announced that it will not attempt to maintain “wheat prices beyond May.” For months the American wheat gflces have been about 20 cents a ushel higher than they are on the world market. But it was an artificial thing—kept there at a cost, to the American taxpayers, of millions of dol- lars, perhaps hundreds of millions. And it has not done the trick. Why? Because the Ame wheat farmer has not cut down his planting as the Farm rd has ssked, pleaded and a'most demanded. board cannot to maintain if the farmers not co-operate. Now what does this latest move mean? Canada will be much interest- ed, for, all along, she has been hoping that the United States would main- tain a high wheat price—higher than the world price—so that Canada would have less competition in selling her ‘wheat abroad. Australia, too, is vitally interested, as_well as Argentina, and even Russia. But when all is said and done it's fust another example of the folly of maintaining an artificial price with- machinery and co- news in all parts State Income Tax Laws. Exactly one-third of the States have pending in the Legislatures at the mnt time State income tax laws. of these States tax. an income zona, fornia, Colorado, Connecticut, 71 Tilinois, Indiana, Towa, Minne- m,mttmnm. Nebraska, South Da- kota, %' husetts, North Carolina, South Carolina and Wash- ington. All these States would do well to study carefully the Wisconsin State in- come ‘worked on the statute 1911 Elections in Spain. King Alfonso has re-established con- stitutional guarantees for the first time in eight years. Municipal elections will be held with- in three weeks, The King apparently has determined to find out whether Spain w-:l':e!o m%l:c‘ & monarchy or reorganize as a republic. Spain is not only rich in traditions, but in resources. N tions are al- ready under way to stabilizz the peseta —its unit of . It is now worth 10.66 to the dollar. It has been falling steadily in-terms of dollars since 1927, when Premier Primo de Rivera held it at 5.89 to the dollar. It is understood that a large loan from the United States, Eruumhly from J. P. Morgan ., i being ni ted at the pres- ent time, should the election situa ‘work out satisfactorily. Spring Work. Spring, officially, is here. It should mean less cold weather, less coal con- sumed from now on, more ul pros- for those who have little this inter. Outside work, too. is near at hand—to assist some of the 6,000,000 or more American men and women now out of work. By the way, what has been done toward building up the machinery to find out exactly at a given time just how many men and women are out of work in_every part of the country? Precious little! The estimates given out are still largely guesses. Social workers have been insisting for‘ years that the weakest statistics in the United States are those that deal with this subject. The figures used by the Hoover ad- ministration itself have been woefully weak. Millions of dollars are cpent by the Government in getting information, of very much less importance than this. Four months ago—on December 2— President Hoover told Congress that the | number of unemployed had bern “ac- curately determined” in the previous April as 2,500,000, and that there had | been some decrease in the number of \'l‘nemployed since that April figure was ven. Now comes the report of Secretary Lamont showing that “at the very time when the President was sending his list to Congress che Department of Com- merce figured that there were as many | creasin 2s 4,900,000 persons out of work.” With the coming of Spring, the num- ber of employed doubtless will greatly increase. but the job of getting ac- curate information—information which cannot be successfully challengsd—is of major importance right now! Without it, little can be done in a constructive and permanent way. (Copyright, 1931, by North American News- paper Alliance.) NEW SECURITIES NEW YORK, March 24 (#).—New securities offered today include: ‘Youngstown Sheet & Tube Co., $25- mortgage sinking fund 5 per by & group headed lew York. e B : Plant Operations Increase. FINANCIAL. (Continued From Page Stock ana Sales— Dividend Rate. Nat Dairy (263).... 51 Nat Dept 8t 15t (7).. 208 Nat Dist Prod (2) 4 Nat Enam & Stamp. Nat Lead (5)... Nat Lead pf B (6) Nat Pow & Lt (1) Nat Radiator. at Steel (2). ~-Prev. 1931~ Low. Nat Tea (1) Neisner Br Nevada Copp Newport Co (1). Newport Co A (3 i Kewton Steel N Y Central (6)... NYChi &StL(6).. Y & Harlem (5) Y Invest (120)... Y N H & Hart (6).. YNH&HDL (). N Y Steam 1st pf (7) Norfolk & Southern. Norf & West (12).. North Am Aviation.. Nor Am (b10% stk). North Amer pf:(3).. Northern Pacific (5). Northwest Tel (3) Ohlo O11 (1). Omnibus Corp Otis Elevator Outlet Co pt (7) Owens 111 Glass « Pacific Gas & El (2). Pacific Lighting (3). Pacific Tel & Tel (7) Pack Mot Car (60¢).. Pan-Am Petrol B. Panhandle P & R. Paramount Pub (4). Park & Tilford. 4 Pathe Excharg Pathe Exchange A. 4 Patino Mines. Peerless Moto Penick & Ford (1) Penney (J C) (2.40) . Penney (JC) pf A (6) Penn RR (4) Peop Drug Stra (1). Pere Marq pt (5).... Fetrolm Cp of Am1) Phelps Dodge (2)... Phila Co 6% pf (3).. Phil Read C & I..... Philip Mor & Co (1). Phillips Petroleum. . Pierce Ofl. ....veeen Pierce Petrolm (10c) Pillsbury Flour (2). Pitts Term C pf. . Pitts & W Va (6). Port R Am Tob A 3% i PR AmMTobB...... Prairie Oll & Gas (2) Prairie Pipe L (3)... Proct & Gamb (2.40) N i N N N s P T IT TOITT R T o oy Pub Sv N J pf (7) % Pullman Corp (4) Punta Alegre Sugar Punta Aleg Sug etfs, Pure Ol pf (3).. Purity Bakeries ( Radio Corp. .ee Radio Corp pf A(3 Radio Corp B (5).... Radio-Kelth-Orph A. Raybestos Man 2.60. Reis (Robt) & Co. Remington-Rand. pring. Reynolds Tob B (3). Rhine W El P(a2.14) Richfield O] Rio Grande Oil. . Rossia Insur (220).. Roy Dtch(m1.3404). Bafeway Stores (5).. Safeway pf (6). St Joseph Ld (2). Scott Paper (11. Seaboard Air Line. Seab Air Line pf. Seagrave (60c)...... Sears Roebuck 32%. Second Nat Inv. Seneca Conper. Sharp & Dohme. ... Sharp & Do pf (3%). 224 Shattuck F G (11%). 7% Shell Union Ofl. ... 53% Shell Un,Oll pf (5%) 4% Shubert Theaters. .. 14% Simmons Co 7% Simms Petroleum. 10% Sinéiajr Con Of1 (1) 8 Snider Packing pf... 9% South Port Rico Sug. 961% Sou P Ric Sug pf (8) 1 45% South Cal Ed (2). 92% South Pacifie (6).. 47% South Ry (8)..c...u 8% Sparks Withing (1). 2% Spear & Co . 10 Spencer Kellog (80c 5% Splegel-May-Stern.. 16% Stand Brands (1.20). 2% Stand Comel Tob. .. 12 008 21 6 10 3 408 10 34 3 Add 00: High. 50 3% § THE EVENING STAR, WASHINGTON, D. C. TUESDAY, MARCH 24 1931 NEW YORK STOCK EXCHANGE m-ubymy-umnnmuumsmolu. ~Prev. 1930~ High. Low. 88% 68 2 45 102% 13) D Stand G Stand Of Stand O Starrett Sterling Stewart Stone & Studeba: Sun Of1 Sun OI1 Telautoj Texas C Tex Gul Texas P Thermol Tide W Timken Timken Tobacco Truax Ti Truscon i Twin Ci Und- 11 n Carb Un Oil of t it U S Dist U S Frel Leat Rubl Rub! Smel nadiu VaEl & Waldorf a Warner Warren Warren Vess Of West Pa We W W W Weston W ‘Woolwor Worthini Wrigley Youngs Ygstwn Sou Cal Sales of S 10:30 A.M. 1:30 P.M. s Unit of trading 4% in stock. {Payable 0 regula ¢ Payable in b Plus 2% in ul N.E B Fios b Stand Invest Corp. .. Stand Of1 Cal (h2%) Stand Oil Exp pf (5). Stand OII N J (12)... Texas Pac Land Tr Thompson (J R) ThompsonStarrett Tide Water As (60c. i Tide Wat Oil pf (5) Tobacco Products Transamerica (1) Tri-Cont Corp. . Tri-Cont Corp pf Trico Prod (2%).... Ulen & Co (1.60).... Un Pacific (10). Un Pacific pf (4). Un TankCar (1.60).. 3 Plpe & F (2)... P &F 18t (1.20).. Realty & Im (3). ar Bros cv pf (3)..120 Westing A B (2). Ung E& M (6).. 27 ting E&M pf (5) 20s Yellow Truck. .. Zenith Radio....... RIGHTS—EXPIRE. Dividend rates as gi paymients based on the I te. cash or stock x and Sales— lend Rate. Add 00. High. &B(3%)..¢ 28 B5% 3 20 45% 2 4 19 il of Kan (1) 1IN Y (1.60). (LS) (12%) SecA... Ster] Sec cv pf (3). Warner. Webster (3). ker (1.20) 1) Pt (6 Superheater ( @~ graph (1.40), orp (3).. f Sulph (4) c&ol.. ] id Co. .. '3). ® t As pf (8) Det Ax (80 Roller (3) Prod A {! ) raer (1.60).. Stl (g1.20). ty RT pf (7) 20 1ot-Fish (8). ide (2.60) f Cal (2) e FreaanafinElarelaneien SOt SN Corp pf (3) . 5 Unit Dyewood pf (7) 20s Unit Electrie Coal. Unit Fruit (4). Unit G & Im (1.20). Unit G & Im pf (5). Unit Piece D W (2) ributing. U 8 & For Secur ght. 4 her 7 20 2 3 ber. 29 ber 1st pf... 7 it & Ref (1). Unit Stores pf (4)... Univ Leaf Tob (3).. Univ Leaf T pf (8. Univ Pipe & Rad. Utll P&L A (e12.15 m Corp (3) Pow pf (6).. 10s Sys (1%). )f; Quinlan. Bros (3). 3 s Fdy &P (2). 6 1 & Snow (2) 2 208 Pow pf (6). 10s t Pa Pow pf (7). 20s 4 3 7 El Instr (1). tvaco Chlor (2) Wextark Radio Stri White Sewing Ma Wilcox Ofl & Ga: Willys-Overland. Willys-Over pf (7) Wilson & Co. Wilson & Co A. Wilson & Co pt rth (2.40). gton Pump. . (Wm) (4).. 10 29 13 34 6 7 10 Spring (3) 8h & Tu4).. Ed..Apr20 38 2% 24 tocks on New York Exchange. 300.000 12:004Noon. 1.100,000 2% 800 000 1300,000 le ual h g fael e tPartly ext; tock. & Paid '‘ayal IT . & Plus. m Pald this ven | e the atest Guarterly o iess thin 100 shares. in serip. 1Plus 9% in Payable in stock. d Plus 8% in stock Flus 37 in stock. in stock. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, March 24—The follow- ing is a summary of important cor- poration news prepared by the Stand- ard Statistics Co., lnc,, New York, for the Associated Press: News Trend. Announcement by the Federal Farm Board that it would cease stabilization efforts in May, with the end of the 1930 crop, was the cause of a drop in wheat prices yesterday, followed by other commodities. In the opinion of many this to be looked upon with favor as a step ‘in return to normal wheat market conditions, even though its immediate effect be to depress prices. The failure of the FParm Board's announcement to depress gen- eral stock prices to any marked degree would seem to indicate that the above view has a considerable following. Once again daily average crude oil production for the country, as esti- mated by the Oil and Gas Journal, shows an increase over the preceding week, this time rising 85966 barrels to 2,263,938 barrels daily. In view of pres- ent weakening cf crude prices, as evi- denced by Nation-wide price cutting, and consequent efforts of trade leaders to curtail output, the persistent in- of production is definitely un- fave Of chief interest in the corporation news of the day is the report of activ- ity by Bethiehem Steel, contested by others, with the aim of aequiring American Rolling Mills. Additional reports of raflway net operating in- come, particularly from 8t -Louis-San Francisco Railway, show results for Pebruary below those for -February of 1 930. Reo Motor Car 1930 deficit $1,989,148 54 cents common share in 1929. St. Louis-San Francisco Rallway Feb- ruary deficit after charges, $244,595, against surplus $543,667; two months deficit $601,861, against surplus $806,891. Seaboard Utilities shares liquidating value March 16 reported $5.12 a share, after deduction May 1 dividend of 122 (Prank G.) Co. March quarter net expected to approximate that for same 1930 Elrlod ‘when 58 cents a share was meets price cut of Standard of California in southern Californis fields averaging 10 about | cents a barrel. the plant bas b five-dav week of e hours & day since August, 1930. 3 ” Tri-State Telephone & 'l‘flecngh 1930 common 5, are earnings $7. against net income $1,073,524, equal to Nes mail in 1030, against 757.685; totaled $1,592,305, against 32,—; pounds revenue 272,971, | ‘Weston Electric Instrument Corpora- tion first quarter earnings estimated at 50 cents a class B share. American Rolling Mill—Contest for control reported in progress between verity interest and the Mellons against Bethlehem Steel. Chicago & Northwestern Railway to establish door-to-door package freight service in certain citles in Illinois, Wis- consin and Minnesota. Gardner Motor stockholders to act on dissolution April 7; proposes dis- tributing 30,000 shares Detroit Aircraft stock on basis 1 share for 10 shares Gardner. Jonas & Naumburg Corporation 1930 ‘d:flcfl,‘IGE,'IZZ. against deficit $734,656 1929, Lake Superior Corporation—92 per cent of stock turned in for shares of New Algoma Consolidated Corpora- tion, Ltd. . Montgomery Ward & Co.—Reported profit may be shown for initial quarter, against loss $2,318,260 in 1930 period. United American Bosch Corpora- tion—1930 deficit (including Robert Bosch Mag.), $365,635, against net in- come, $1,238,763, equal to $4.45 com- mon share, in 1929. SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) ported by & her of Ci California_Pet. Corp. Ganadian Nor Rwy. 'd Chi. Northwestern R. R. 88 Chicago Rock Isiand 4s 1934 Chile Copper Co. 5§ 1947...... Gen. Mot Accep. Corp. 65 1937 General Betroleum Corp. 55 1940 102'5 General Theaters Equip. 65 1040. 691 Goodyear T. & R. bs 1957 91l Grand_Trunk of Canada 8s 1936 107% It Ofl of Pa. 85 1037. 101% a5 1932 i . Ir Mt & 8o. Ry. L.’ Southwestern Ry of Cullf, 88 1938 100% 12 lae;w lmlalu. 7 NEW YORK, March 24 (#)—Knute Rockne, foot ball coach of Notre Dame University, has been appointed manager of the sales prom the Studebaker Corporation, Carl Hofl- man, vice president in charge of sales, announced. = The aj tment will not against $10.16. Western Alr Express carried 856,757 otion department of | Washington Produce Butter — One-pound prints, 34a35; tub, 321a33%. Eggs—Hennery, ceipts, 19a20. Poultry, allve—Turkeys, young, 30a32; old, 25a27: Winter chickens, 30a35; Spring broilers, 38a40; Leghorn broil- ers, 34a35; hens, heavy, 25; small, 22; Leghorns, 18a20; roosters, 16; ducks, 15; keats, large and young, 60a65; old, 25a30;. Dressed—Turkeys, young, 38a40; old, 30a32; Winter chick- ens, 38a40; Spring broilers, 45; hens, heavy, 2i small, 25; Leghorns, 23; large, 37a38; small, 32a33; ducks, 24a25; roosters, 16; keats, young, 70a80; old, 40a45. Meats—Beef, 1315a15%;; veal, 13al15; lamb, 17a19; pork loins, 2: hams, 19; fresh shoulders, 14; smoked hams, 21; smoked shoulders, 12; strip bacon, 21a22; current re- 12%. Live stock—Hogs, heavy, 17.00a7.80; light and medium, 8.25a8.35; pigs, 7.50a 8.25; loughs, 4.00a5.50; calves, 4.00a8.50; lambs, 5.0089.50. Pruits—Strawberries, 40a50; oranges, California, 3.75a4. Florida, small, 4.00a4.50; large, - 3.75a4.25; ~_grapes, Argentl 20-pound boxes, 4.50a5. pineapples, 5.00; pears, 4.00; apple er busnel basket, 1.00a2.00; box stocl .0023.00; lemons, 4.00: ; limes, per 100, 1 80a85; glpe(mlt. 2.5023.25. Vegetables—Potatoes, 100-pound 2.25a2.40; 150-pound sacks, 2.85a3.( new potatoes, per bushel, 2.50a3.00; sweets, per bushel, 1.10a1.20; Idaho bakers, 150-pound sacks, 2.50; cabbage. old, per sack, 1.00; new, per hamper, 1.15a1.25; turnips, 1.00; tomatoes, re- packs, 3-pan crates, 3.00; spinach, 90a 1.00; kale, 90a1.00; onions, 50-pound sacks, 75a1.00; carrots, per crate, 2.50a 2.75, beets, per crate, 2.50a2.75; i) 1.25a1.5( celery, 2.50a3.00; squash, 5.00; peppers, 4.50a5.00; aspara- gus, 7.00; cucumbers, crates, 5.00a5.50. eggplant, 5.00; string beans, 5.00a6.! limas, 5. broceoll, 6.00. BANKS REOPEN. By the Assoclated Press. An increasing percentage of banks re- opening as compared with failures was recorded by the Federal Reserve Board for February along with a sharp de- creas: in the number of failures. Forty-five banks reopened, with 78 failures reported. For the . preceding month there had been 54 reopenings, but 277 failures. ‘The reopened banks in Pebruary were: New York district, Richmond, 5; At- lanta, 3; CI Louis, 26; interfere with Mr. kne's duties at South Bend, the -nnorunummc sald. 1 IBOND LIST MOVES .IN'NARROW RANGE ”,High-Grade Investment Is- sues Lower—Market Lacks Trend. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, March 24.—Trading in bonds today went on cautiously and with no definite trend to the market. ‘The strictly high grade investment type was a shade lower, presumably in- fluenced by the upward revisions of es- timates of the expected government deficit and by downward revisions of es- timates of income taxes received. There is only the persistent ease in money as an ofl:ettl'xoxs.ruwr and that was not sufficient 3 Second le and speculative bonds, including the stock privilege issues, moved with the stock market more or less. Heavy in the early trading, they came back partially later but the vol- ume was 50 low that the movement had little significance. More interesting was the reaction in the foreign list, notably the Germans, showing that the market had finally taken notice of the disturb- ance over the proposed Austro-German cu:)hms unlgln. Dot lerman 5's dropj a point from the close of Monday and almost two points frcm the high of the wiek. Larger losses were sustained by the pro- vincial and institutional German bonds. State of Prussia 6s, Berlin Electric 6'%s, German Farm Loan 6s, Saxon 7s and State of Hamburg 6s were all easir. Italian municipal issues on the other hand met good support. There was some selling of Brazilian obligations, with a loss of a point in the 61is. Irregularity characterized the dom tic section. U. 8. Rubber 5s sold off fractionally, but Philadelphia & Read- ing Coal & Iron 6s held at the highest of the recovery. As a rule the utilities did w-ll, including American & Foreign Power 58, Utica Gas 5s and the Ameri- can Telephone issues. Detroit Edison 48 advanced. There was no important change in the second grade railroad issues, although some of th: Erie issu were down. ‘The most important new issue was $25,000,000 of Youngstown Shect Tube series B First Mortgage 5s, offered at a price to yleld 4.94 per cent. COAL PRODUCTION GAINS. By the Associated Press. Production of bituminous coal picked up sharply during the week ended March 14, exceeding both the previous week and the same week of last year. The total output for comparable pe- riods, as calculated by the United States Bureau of Mines, follows Week end=d March 14.. Previous weel Same week CHEMICAL INDUSTRY. NEW YORK, March 24 (#).—The chemical industry suffered less during 1930 than the majority of business:s, an analysis of foreign trade made pub- lic today by the American Chemical Society discloses. Pigures quoted show decline in im- ports of 22.2 per cent, as compared with 30 per cent for all commodities, drop in exports of 15.9 per cent, as com- pared with 27 for all commodities. survey states that declines in 25% | chemicals were distributed over the whole fleld of commodities, with no great gains or declines in any division. T. 8. TREASURY BALANCE. , The United States Treasury balance announced y as of close of business March 21 was $678,783,443.26. Customs receipts for the month to dat: were $21,726,619.56. Total ordinary expenses, ‘ll,m.'!'fi.!’l. e SR e e Washington Stock Exchange SALES. Wl:hlnmnl” Gas 55—$1,000 at 105, $500 a 5 Capital Traction Co.—2 at 35. Potomac Electric 514 % pfd.—5 at 110%, 5 at 1105, 5 at 1103, 2 at 110%. ‘Washington Rwy. & Electric pfd.—10 at 987, 20 at 98%. AFTER CALL. Peoples Drug Stores pfd.—2 at 103. Ann:ma & Potomac R. R. 55—$5,000 at 81. Lanston Monotype—10 at 108Y;. Capital Traction 55—$2,500 at 81%, W;::nm Rwy. & Electric pfd.—5 at Mergenthaler Linotype—10 at 86%, 10 at 86%, 10 at 86%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Asked. 107% i Amer. Tel. & Tel. 4%s '39. Seiok Am. Tel. & Tel. ctl. tr. 5 bt Pot. R R. 53 s Gi 163 81 80 108% . Tel. of Vi Capital’ Traction City & Buburban Bs. 21; lard, in bulk, 11%; in packages, | ed.-. 22.00; rhubarb, 5-pound boxes, |8 103 108% 2 93 104'3 w les B 10 At : Series Washington Hws. & Elec. 4.0 "88% MISCELLANEOUS. Barber & Ross. Inc.. 6'2s. Chevy Chase Club 5 lumbia Cot N STOCKS. PUBLIC UTILITY. g i i N ‘ash. Steamboat Pot. Eiec. Power 8% pld, Pot. Elec. Pow. 513% pid Wash. Rwy. & Elec. com (7 Wash, Rwy. & Elec. pfd. ( NATIONAL BANK. == cond _(9e Washington 3 TRUST COMPANY. Amer. Security & Trust Co. (15) Tust (6).. . & Trust {i2; o Bank & Trusi. n & Trust (16) SAVINGS BANKS. s ezt otom: . Security Sa om. Seventh Street (12). DUnited States (30) Washington Mechi sEtanis ¢ FIRE INSURANCE. American (12) Corcoran (101 Firemen's (8) National Unio: TITLE INSURANCE. Columbia (6h) Seal Batate Title & Inv. Co. Md. com 26 10% B 30 Barber & 13 5 3215 130 , and | C [om~ = BONDS o e Received by Private Wire Direct to The Star Ofice UNITED STATES. (Sales are in $1.000.) Rales. High. Low. Close. 7.. 25 10126 101 24 10126 30 102 27 102 24 128 24 57 103 28 103 24 103 26 159 10116 10111 10111 29 102 10122 10122 2 105 22 105 22 105 22 3 107 24 107 22 107 22 8 11128 11124 11124 Sales. High. 63 12 7 6 Lib 3%s 32 U S 3%s 43-47 US3%s46-56 US4s44-54.... US4%s47-52.. 76% BO% 80 102% 42% Abitibi P & P A Allf | Am Beet Sug 633 |Am Chain 6s '33 | Am F P 65 2030 AmIGCh6% Am Int Cp 5% Am Metal 5% Am N Gas 6%8'42., Am B&R 15t 55°47.. Am Sug Ref 6537, Am T&T cv 4%8°39 Am T&T b Am T&T c tr b Am T&T 58 £ '60 Am T&T 5%s8 43, Argentine 514562, Argentine May "61. | Argentine 6s Ju 59. Argentine 6s Oc '53 Argentine 6s A ‘57, Argentine 6s B '58., Arm &Co 4% Arm Del 6% Assoc Of1 6s '35 Atehis 45 1905-5 Atchison gen 4s 3 4 Atchiscv 4% '41 Atch Ariz 4%s'62.. At& Bir 4s'33 At & Danv 4s . AtC L, 1st 48°'F2. AtCT,col 4352, At Pef deb 6537, Australia 4%s ‘56 Australia bs '55 Austraifa 5s ‘57 Austria 7s°43.. R&O4n"48 B&O 4%« B&O conv 4158 B & O ref 5895 B & O 5% D 2000 B & O Sw dy 68'50. B & O Toledo 45 ‘50 Bk of Chile 618’57 Ek of Chile 6% 561 Batav Pet 4145 "42.. Belgium 6s '5: Belgium 615849, Belgium 75 °56. ... Bell Tel Pa 65 B 48 ! Bell Tel Pa 55 C '60 Beth Steel pm 6536 Beth St rf 58 '42. Bolivia s ctfs '69.., Bolivia 845 Bordeaux s '34 Bos4 Me 6155 0 5 5 6 4 2 71 106% 97% 1014 92 103% 1027 104% & Brazil 6% Bklyn Elev 6% Bklyn Man 6s ‘6! Canada 5s°31. Canada 58 5 4 Can Pac 4%s Can Pac 6s ctfs ‘4 Cert-td deb 5% s "48 Ches Corp 58 *47 24 Chi& O gn 43%s92. 70 Chi& O 4%s B'95..10 Chi & Alt 35 CB&Qgen 4s°58.. C B&Q 111dv 4549, Chi & Eas 111 58 '51. Chi M&StP 4145 C. Ch M&StP 43 5°89, Chi M StP&P bs '75 Chi M & St P adi fx Chi&Nwn 415 2037 C&Nwn 4148 ¢ 2037, Chi & NW con 4% =. Chi&NW rf 55 2037, Chi & NW 6% '26.. Chi Rwys 58 27.... Chi Rl & Prfas'24 Chi R Icv 4% °60. ChiRI&P4 C TH&SE In 5 Chi T H Inc 65 °60. . Chi Un Sta 4%s '63, C& W Ind cv 4s°'52. C& W Ind 5%s '62.. A. '60. CCC&ST L 4%s E Clev & Pitt' 414517 Colomb €3 Jan ‘61. . Colon Ol 6s ‘3 Colo & Sou 4%s '80. Col G&E 55 May '52 Com Inves 518 '49. C C Md 1st rf 65 ‘50 ConG N Y 6%n"45. 2 Con Pwr Jap 6%s.. Copenhag 438 '53.. Copenhag §s ‘52.... 5 3 ‘uba Nor 535 '42 C'zecho 8s '51. Czecho 98 '52. Del & Hud rf 4543, Del & Hud cv 5s '3 Del & Hud 5%s '37. Denmark 4 %8 '62. . 5 Denmark 5%s ‘55 Denmark 6s 42 s, | Poland 6 Det Unit 4%s '3 Dodge Br ¢l Duguesne 4% Duteh East 1 6s Dutch East 1 East C Sug 7%s'37 El Salvador 8. Erle Gen 45 Erle cv 55 '67. Erie bs 75 Erle & Jer 6 Flat 7s ex wi Finland 5% d 6 101% 37 105% % French 7s *49. French Gvt 73s '41 Gelsenk'chen Gen Motors 6s°37... Gen St Cas 518 '49 Gen Th Ea 6s°40. German 51s 65, Goody'r Rub 58 Grt Trsfdi Grt Trunk 7 Grt Nor 4% Grt Nor 1st bs Grt Nor gen 7 Greek s '63 Green Bay deb B... Gulf Mobile 55 '60. . Halti 63 '52. Hav El Ry 6 Hock Val 434899, . Hud & M ad) 68 57, Hud & M rf Humble Ol 5 '37.. MBTIistpf6sA.. 11l Cent 7 Snoormmnm N e Balas~ » = Booo~Sasna 4 Int Cement | Int & Gr Noy int&G Nad int Hydro E1 1nt Match b I | 1 | Queenland 75 "41... FINANCIAL, Low. Close. 97% 98 86 86 2% T4 65% €5% 82 82 83y 6BY% 85% 90 20 103 103 103 100% 99% 100% 95% 95 95 Bales. High. Int M CoSsret’41. 195 98% Int MM col tr 121 2 8 INWHEAT ARE SEEN Farm Board Action May Re- sult in Still Lower * Prices. Int Pap 58 A "47,. Int T&T4%s S It T&T cv 438’39 'S 6% 96 % 105% 105% 106% 82% 82% 82% 102% 102% 3 99 98% 95% Japanese 6% Jugosl Bank 78’67, 21 KCP&L 415857 Kan City Sou 6 Kan City Ter 4s '60. KanG & E 4145 '80. Karstadt 65°43. Kend 5448 w Kreug & Toll 53’59 Lackaw St 53 '50... BY FRANK I. WELLER, Associated Press Farm Editor. 104% 104% 102% 102% 102 100 102% 102% vernment suppart would see domestic prices slip back to the world level unless some sf ; 3 factor is found. lowever, no one ever seric Delies the board would continue fll;“], eat ices. The news is not Leh Val cv 452003, LehV cv 4%s 2003, v 200 » e s Soan35.33 L &N 4%s 2003 L&N1strf5ys, Lyons 6834 McKes & R 5%s 50 Man S 1st 735 '42 0 105% 105% 105% 106% 80 798 29% 29% 968, 96% 105% 105% 7 e s Mex 4s asstd 1904 Lomwand mua EEEL L 15 sig) What that would do to an unsu market is viewed with fear and trem- bling, particulerly since farm stocks of wheat are estimated at 72 per cent above a year ago and 54 per cent above' S TR was to farms on 1 L4 says he believes no congestion will caused by the oncoming crop. country has, he says, 30 to 40 than million bushels more & year ago. Mthenm,mn St in’the last few - 04% 104% 101% 101% 82 Mont Tr 1st 58 *41 Mor & Co 18t 4%s. N Y Cent 4%s 2013, NY Cen rf 414382013 63 NYCreim bs NY CLS ¢l 333893, 1 Y C&StL 4%s'78. 20 NYC&StLLE%SA T NYC&StL6s'32. 25 NYEd1st6%s'4l. 3 NY NH&H 3%8 5 NY NH&H 4s 101% 101% 114% 114% Canadian estimate the United 1147 | States to have had for export or - 8014 | OV€r on March 1 some 325,000,000 4 87 1@ 232, 87% 93% 106% Seone iH Nor & Wnev Nor Am Ed 58 Nor Am Ed 648 YT -4 | PN &' i § i 4 | i 5 i A ol i : : i Nor St Pw 6s B'41. Norway 5s 6 ; i j vay Norway 6s'44.. Norway 6s ‘52 Ore Short L 5s gtd. sh Orient dev 5%| Orient dev 68 53 PacG & K1 6 Pac T&T 1st Pac T&T ref Paramount 6: H 101% 108 9% 944 100% 104% 104% 107% 95 b £ ¢ BBompalse BNe & 23 » Penna 4348 Penn cv 4158 97% 97w 101% 101% 105% 105 110 109% 109% 109% 995% 998 § 99% 108% 108% 108% 981 984 985 31% 30% 31 31% 30% 31% 102% 102 102% 80 7 80 8% % TT% 105 105 105 101% 101% 101% Penna gen Penn 6% Penn O&D 4%8'77 Penples’ Gas 68. ... Pere Mar 435 '80. . 28 N 2uaataBse INVESTMENT TRUSTS NEW YORK, March 24 (#).—Over- the-counter market: aa - RenBee e wSaraaBonand 71, PCC&SIL6sB.. . Am Compositr Tr Batar Daier v. 09% T1% 83 Poland 7s *47. Poland 8s '50.. Por RTam 2 Pos Tel & C 65 '53 PubSv G 4%s’67. Pub Sv G 4%s 70, Pure Oll 5%8"37... Queenland 6s°'47... - !!!’ Fraw ® 3 gy EEE k] 3 i Read Jer Cen 4s ‘51 Rem Arms 65 A 37, Rem R 5%8 A '47.. Rhinelbe 7. Rhine West Rhine W W Rich Oll cal €n *44 Rio de Jan 614s '5! R Gr De Sul 65 '68 R Gr De Sul8s ‘46 RIAT&L 4% Rome 6%s '52. Roy D 4s 45 ww. StL IM R&G 4 86% 854 101% 101% 60% 59% R T S Cw SRanlela StL&SF 43878, St L&SF prIn 6 B. StLS W ev4s‘3s.. Sao Pau 784U rets. Sao Paulo 85'36. .. Saxon 754 v SeabA L ¥ Seab A L cv 68 45 A3 Two Year Bttt e Others unchanged. Unit Drug cv 58 °63 Utd King 614837 93% | U 8 Rub 18t b8 *47. Uruguay 68460, untgeay guay 1 Utah P& L s 44, 16 10305 108 Utll Pow 5859 ww. 13 76 Utll Pow 6% °47.. 10 83 28 9% 95 95 19 100% 100 1004 - 37 106% 106% 106% <267 72% 72 T2 3 87 87 5. 86% 3 10: 6 99 98% 98% 101% 100% 101% 86% 86 86% 6 100% 109% 109% 114% 114% 114% 03% 1 StOIIN Y 4%e 51. Sweden 5% s '54. ® Ty BB ggjingiiagatas 107% 187% 1075 b i 1 105% 106% 99% '98% 981 9TH 9T 9T 98 98 My 9% - 29 se358E sgzdis " 2. §31 ird Avad) bs ‘60, ho Ei Pow 6s°32. ) E H FURTHER DECLINES o