Evening Star Newspaper, March 27, 1931, Page 14

19%1. FINANCIAL %4 A.1.B. STUDENTS FRIDAY, MARCH 27 NEW YORK STOCK EXCHANGE | |AUSTRALIAN BONDS | -~ AVOIDS PUBLICITY) - George F. Baker, 91, Has Been Business Leader in Three Generations. BY JOHN F. SINCLAIR. #pecial Dispatch to The Sta: " NEW YORK, March 27.—George F. Baker, the dean of American bankers, 1s 91 years old today. Mr, Baker was a successful business man when Abraham Lincoln was Presi- dent of the United States, and he is the last of America’s big business leaders of the generation which included the elder Morgan, James J. Hill and E. H. Harriman. Holds Policy of Silence. to the latest reports, he is|* the' im‘?‘md}vmufl stockholder of the First National Bank of New York, the American_Telephone & l‘fle'rlph Co. ! 22° and the United States Steel Corpora. In an age when so much time and effort is spent in building up business reputations '.hrou:h well known pub- licity cha , Mr. Baker still holds to the po“cy of !fleno! He gives no direct 1nmv1ew ‘although at the beginning of he was un:d indirectly as ldly optimistic. befl! n:uk:r l;lu survived 10 panics. He is the father of the Harvard School of Business, having given millions to make it .uucculful ‘When in New York he still the inconspicuous and uilding, directly :Jumsmzom the new 50-story Irving Yez! otge nm National Bank stock is rfln stock of the city, for it pays dlvl ds at a higher rate than u'y other Wall Street institution, and is worth now over $4,000 & share. Machinery in Industry. jcal unemployment! How “Technol L ployment wd ecen! ths? Many times I-have Peeaaked if it i u large a factor unemployment situation as many :v:m;t cndl{ for being. Well, I should say far Think man today, with a one! doing the work of modern machin 42 men formerly in open-hearth fur- man turned out 64 razor btllde! in 1914 Now one man turns .u'%yflm blades a day—500 times as man could make X bri T to turn out 250 radio an ;:3“' Now. three workers turn out goes—that's what techno- unemployment n:unl the dis- of vurkeru because machines do it faster and quicker. ol m‘"’ vhat 31 men aid o produg cent m s"::';,,..me‘;ud ’5 Riichasl B. Séhaler of Philadelphia, an authority on the subject. juction increased by per cent. there was & reauc- cent—or 585,000 in the Pumber of en and’ women enfaged m:my agencies. On.lyinluch!uhumwml,heumud States be sble to make prosperity a Teality again, says Mr. Schaler. surance lines. Was 1923 that Sidney Hillman, » o t of the Amalga- ‘Workers of America, loyment insurance funi 5 e-lnlt per eent of thz total wage ill is laid aside to - ploymm o: the wr/rken in times of unem] “We have paid out to the 22,000 work- care of “But is unemployment insurance prac- tical for all industries?” he was asked. “I belfeve it is. Industry ought to lay aside 5 per cent of the total wage bill I should like to see this done by the industries themselves, by means of a trusteeship ‘where employers and workers carry on through their representatives. If, how- ever, industry has not the enlightened ladnshlp to provide unemployment in- surance, then the public at large ought to insist that it shlll be done by the agencies of Government through co- erckm. continued Mr. Hillman. “We cannot stmply say to the totally unem- | gl:yed. ‘We are sorry for you, but we ve nothing to offer you but a bread- | live’ 1 consider umemployment insur- | ance a legitimate charge on industry and I believe that there is enough lead- ership in industry to provide if (Copyright. 1931, by the North American New; i ‘Aliiance.) HOOVER MAY SOON CALL WORLD SILVER PARLEY By the Assoctated Press. The world silver situation is expected to remain a dormant subject until the return of President Hoover from his cruise in southern waters. Upon his return he is expected to; comply shortly with a Senate rzsolution adopted in the closing hours of Con. gress, which requested him to call an international conference to discuss ways and means of restoring the metal to its former prestige. In spite of conflicting reports. Sen- ator Pittman of Nevada, a moving fac- tor in the situation, declared here yes- terday that thus far no obstacles to such a conference had appear:d on the horizon—nor did he expect any, From official sources, however, out- side of Capitol Hill, come reports that %ghnd in the final analysis, will not rty to any definite policy which wou commit India to refrain from dumping her vast hordes of silver. 1t is agreed generally that the pres- ent {ll repute of the metal was caused Jargely by dumping surplus silver. Authoritative students of the situa- tion declare England is not likely to be swerved from her present plan to put India on a gold basis. In this con- nection it is sald England's political power over India is slipping rapidly, and her only hope of retaining control of that nation is through financial power. If silver continued in India as the money standard, it is sald she would soon gain semi-sovereignty, such | as Canada, No doubt exists here as to the willing- mess of England to sit in on a worl | ing is & summary of important corpora- Received by Private Wire Direct to The Star Office. (Continued From Page 13.) Stock and Dividend Rate. Morrell & Co (4.40).. Motor Meter G & El. Motor Wheel 1%) Mullins Mfg. Mullins Mfg of (7). 110! Munsingwear (3)... Murray Corp... Myer (F E) & Br @), Nash Motors (4). Nat Acme (80c) Nat Bella Hess. Biscult (2 80) 10 Cash Register A. 319 Dairy (2.60).... 63 at Dist Prod 12) 17 Nat Lead pf B (6).,. 408 Nat Pow & Lt (1) 39 Nat Radfator. 6 Nat Steel (2). Nat Supply (5). Nat Surety (5) Nat Tea (1). Neisner Bros. Nevada Copper (1).. Newport Co (1). Newton Steel. 1 10 z 6 70 1 2 em (5) ck & W (5).. H & Hart (6). NH&Hpf (7).. 16 N Y Steam pf (6).... 90s Norfolk & Southern. 2 North Am Aviation.. 54 Nor Am (b10% stk). 27 North Amer pf (3). . No Ger Lloyd(a3.43) . Northern Pacific (5). 3 Norwalk T & R pf... 20s Ohio O11 (1). Omnibus Cor Omnibus pf A Orpheum Cir pf (8. Otis Elevator (2%). Otis Elev pt (6). OtinSteel..iv.co0ee 2 Otis Steel prpf (7).. 10s Pacific Coast 1st pf.. 108 Pacific Gas & E1 (2). 6 Pacific Lighting (3). 2 Pacific Tel & Tel (7) 100s Pack Mot Car (60c).. 26 Pan-Am Petrol B. Paramount Pub (4 Park & Tilford Penick & Ford (1) ney (J C) (2.40). Penney (JC) pf A (6) Penn RR (4)......00 Peop Drug Strs (1).. Pere Marquette (6).. Fetrolm Cp of Am(1) Phelps Dodge (2)... Phila Co 6% pf (3). Phil Read C& I... Phillips Petroleum. 12350-“ Pierce-Arrow A (2). 1 Plerce Of1 . 1 Pierce Pe Pillsbury Flour (2) Pitts & W Va (6). Pour & Cé (B). Port R Am Toh A 3% Postal Tel&Cable pf. Prairie Ol & Gas (2) Prairie Pipe L (3)... Pressed Steel Car. Pressed St C pf (7). Eroct & Gamb (2.40) Prod & Refiner: Prod & Refiners pf Pub Sv N J pf (6). Pub Sv N J pf (8). Pub SvE & G pf (6 Pullman Corp (4) Punta Alegre Sug Radio Corp pf A(3%. Radio Corp B (5).... Radio-Kelth-Orph A. Raybestos Man 2.60. Reis (Robt) & Co. 'Remington-Rand. Reo Motor Car (40 Republic Steel. . Republic Steel pi Reynolds Metal Reynolds Tob A (3). Reyneolds Tob B (3). Richfield Rossia Insur (2 20).. Roy Dtch(m1.3404) " Safeway Stores (5). St Joseph Ld (2). Schulte Retail pf (8) ‘Seaboard Afr Line Seab Afr Line pt. Seagrave (60c). Sears Roebuck 12% Second Nat Inv. Saneca Conper. Shattuck F G (n%)’ Shell Union Of1. Shubert Theaters. .. Sinclair Ol pf (8)... Sloss Sheffield St pf. 2% SniGer Packing. .. 89 SolvAm Dr ww i%.. Sales— Add 00. lln. 18!‘: 21% 284 33% 62 4% 4« Studebal Telauto, 45% 1% 35 4 Sou Cal T T payments base s Unf Prin Uiar Tate. 'n Bius b% South Ry pf (5)..... Sparks Withing (1).. Spencer Kellog (80c) Splegel-May-Stern. . Stand Brands (1.20). Stand Invest Corp. Stand 011 Cal (h2%). Stand Oll Exp pf (5). % Stand O1I N J (12). Stand Ofl N ¥ (1.60). Starrett (LS) (12%) Sun O11 (ln... Superheater (2%) Superior St Symington. Symington A 8 Tenmess 284 Texas Corp (3)...... ‘ex Gulf Sulph (4).. ‘exas Pac Land Tr.. 18% Thatcher Mfg (1.60). Thatcher pf (3.60) Thermoid Co. 4 Third Avenue Third Nat Invest Thompson (J R) 4 Thompson Prod 1.20. 4 Tide Water As (60c). ‘Tide Wat As pf (6).. Timken Det Ax (80¢) Timken Roller (3) Tobacco Product Tobacco Prod A Transamerica (1). 4 Transue & W (1) Tri-Cont Corp. Trico Prod (23%) Truscon Stl (g1.20)., Ulen & Co (1.60) . Und-Ell-Fisher (5).. Union Bag & Paper Un Carbide (2.60). Un Oil of Cal (2) Un Pacific (10) Un Pacific pf (4 Un TankCar (1.4 Unit Atreraft. nit Afrcraft pf (a)‘ Unit Biscult (2). Unit Carbon. Leather A...... Plpe & F (2).... Realty & Im (3). Rubb Rubber 1st pf. Sm & Ref Dtl%. Unit Stores pf (4). Univ Leaf Tob (3)... Univ Plc'1st pf (8) Univ Pipe & Rad. Util P&L A (et2.1 Vanadium Corp (3) Va-Car Ch Va El & Pow pf (6).. Waldorf Sys (1%) Walworth Co (1) Warner Bros Pict. Warren Bros (3) War Bros cv pf (3 Sales of Stocks on New York Exchange. Dividend rates as " on, the | i it of ll’ldlfll‘ less IM 100 a7able 1o serip. Prev. Close. Close, @ M = ~AEeBarnSiBanaruan » ae Stone & Wobner (). 1.20)... ph (1.40). Corp(50c) T BRI T T CRE PP PTRTE Fr e ey cyoy. Unit Corp pt (3)..... Unit Fruit (4)... Unit G & Im (1.20) Unit G & Im pf (5).. » o - 8w wnsanBedenandn~Nennpun 3 West Pa Pow pf (7). tern Dairy B. Western Union (8) Westing EI&Mfg (4). Westing B&M pf (4).110s Weston El Instr (1). Weston Elec A (2) Westvaco Cblor (2 T4 White Rock MS 14%. White Sewing Mach. Wilcox Oil & Gas. Wilcox Rich A (2%)" wmn—ovnl:na. ces Woolworth (2.40). Worthington Pump. . Wright Aeronaut. Wrigley (Wm) (4) % Yellow Truck. Youngs Spring Zenith Radlo.... RIGHTS—EXPIRE. 155 . 408 13% 24% 3 3 Ed..Apr20 43 2% 2% 2% 1.000 000 2100.000 re | cash ly :"hllf 1'.1‘1""6‘“"““ A AR 1.500,000 CORPORATION REPORTS .TIENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, March 27.—The fcllow- tion news, prepared by the Standard | Statistics Co., Ine, New York, for the Assocfated Press. News Trend. Railway net operating income for February continues to show a very poor comparison with last February, as well as with Pebruary, 1920. The aggregate for 39 roads reporting thus far is 46 per cent under last year and 59.3 per cent below February of two years ago. An operating income above last Febru- ary has been shown only in a few indi- vidual cases, particularly by Great Northern and Internaticnal - Great Northern, among those rewrunu yes- terday. It is of interest to note that steel rail prices are under investigation by Government ageneles at the instigation of the Interstate Commerce Commis- sion, which charges that the same prices are asked by all companies alike. What the effect of this action wili be it is difficult to say at present. The Central Prcration Committee of Texas has suggested an increase in the State- | wide allowable crude output by 11,000 | barrels during April.and May. This is probably the result of pressure to effect curtailment on the one hand and ex- panding production pressure on the other. Nevertheless, any tendency to enlarge crude output must be con- sidered unfavorable at the present time. Brokers' loans for the week ended March 25 were reported cff $5,000,000 to a total of $1,908,000,000. Following the phenomenal increase of $94,000,000 reported the week before, such a de- crease can cause no surprise. Loans for 1 accounts of out-of-town banks decreased conference. But her likely participation in any subsequent program appears to be another matter. PARIS BOURSE PRICES. March 27 (#).—Prices moved ly on the Bourse today. Three '.ll!nnu 45 centimes. Pive t loan, 104 francs 50 centimes. on London, 124 francs 22 P, P con eentimes. The dollar was quoted at 2! francs 57 centimes. | ) by $34,000,000 and for acccunts of non- banking lenders by $12,000,000, while loans of reporting Federal Reserve banks in New York City rose Department of mcmmmummmun- tions of 'mwl:l?dm redlwhc :':‘X’ acreage planted urum wheat 'l(lpercento!lllomu‘emdmhn American Radiator & Standard Sanitary cuts radiator prices about 10 per cent in New York metropolitan area. American Steel Foundries—FPirst quar- ter operations average about 27 per cent, - against 24 per cent in previous quarter and 42 per cent for full year 1931. Baxter Laundries 1930 deficit of $98,436, against net income of $268,254, equal to 1 cent common share in 1929. Gardner Motor Co. plans cash pay- ment of about 25 cents in addition to distribution of Detroit Aircraft stock. National Cash Register passes class A dividend; paid 75 cents January 15. Willys-Overland reported March profit may result in small net for first quarter. Wilson & Co. takes no action on quarterly preferred dividend; paid $1.75 | 282, January 2 on account of accumulations. Ajax Rubber Co.—Foreclosure proceed- ings by trustee for bonds reported ex- pected; stock of McClaren Rubber, subsidiary, purchased by noteholders; stockholders and bondholders to be per- mitted to subscribe. American Rolling Mill—J. F. Drake, director, denies reports of proxy contest to oust present management. Associated Dry Goods common share earnings, yur ended January 31, $2.02, against. Bflumme & Ohio Railroad—Toledo, Peoria & Western allowed to intervene in Chicago & Alton acquisition proceed- !nn by t-hu company. Aluminum & Brass president lhm first quarter earnings equaled about $1.25 common share, against $1.12; plants on five-day week. Buffalo, Rochester & Pittsburgh Rail- way February net operating income off 53 per cent; two months off 47 per cent. Canada Dry Ginger Ale orders 20 per cent reduction in retail prices recom- mended to dealers; sales force to be Increased. Canala Power & Poper — President lum drastic reorganization is neces- Chlmo Bumnzton & anncy Rail- road reported to have pi d large interest in Gulf, Mnhfle & Northern; control may be involved. CI 0, Milwaukee, St. Paul & Pa- cific Ral wny hbnll.ry net operating in- come off 4 70 per cent;*two months off 50 cent way (correction) February defic charges, l“;. GH V8. mm“" deficit charges, muu, ‘l'fl AL, vs. deflelt, | o Chrysler (E:fiowm—au!um Pnl‘n chutlnc 'nvlah wheat urunwupcreento! myb:lnmeuefl. com| i of mm:i“n: ‘agreement Curtiss-W) Corporation 1930 defl- cit, Ol.nlnrg. vs. & deficit, including | profit on sale of securities, $668,532. Delaware, Lackawanna & Western Railway—Offering of $10,000,000 Mor- ris & Essex Oomu'ucthn mortgage bonds reported pl Dominion steel & Coal, Lw.. 1930 common share earnings, $1.0: Duplan Silk Corpon'.lcn €ommo share earnings, 9 months to Februa: 28, 14 .cents vs. $2.46. Electric Household lmlmu 1930 com- mon share earnings, 33 cents vs. $4.52. Godchaux Sugars class A share earn- ings, year ended Jmmry !l $4 vs. $7.17 before Federal taxes in 1! Liquid Carbonic Corponfinn. 15 cents quarterly dividend; previously paid $1. Loew's Inc., first 28 weeks estimated earnings off about 15 per cent; theater attendance approximates that of year National Steel reported financing plans may involve offering to stock- iders ngms to small stock issue. Omnil tion 1930 common share umma 34 cents, against 40| Fe reported | 2 seeking Rumanian export monopoly in | i cents. Royal Dutch Co.—Deterding re!um for '$100,000,000 loan. St. Louis Southwestern Railway Feb- ruary deficit after charges $241,705, against deficit $62,335, two months d!’fsl‘::‘ :5:‘} Vgfl"m Mcc(l,t $276,251. nda ging passes pre- !errea dlvldend paid 50 cents Jl.n\?ll'] 1, 1 Texl.l & Pacific Railway !cbrunry net operating income off 40 per cent; two months off 11 per cent. Standard Oil of New York-Irak Pe- troleum, controlled by four large ofl | U: and At- e- groups including this com Standard of New Jersey, Gulf lantic Ref and others, sf ment with of new termina y oil, pe line from Mosul area, with at Haifa and Tripoli. Commercial Credit Co. BALTIMORE, March 27 (Special).— An increase of something like $20,000,000 in business volume is expected -te be o obtained by the Commercial Credit Co. as a résult of a working agreement en- tered into with the Industrial Accept- SHOW SHARP GAIN .fl,g“,Domestic List Irregular, Due to New Issues—Market | More Active. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, March 27.—More activ- ity and with it a sharp rally in Aus- tralian bonds, but ln'ezuhm.y in do- mestic issues, occurred in today's in- vestment market. The influence of double the amount of new issues this week over a week ago was apparent in the unwillingness of traders to make commitments and in a certain amount of switching out of old descriptions into new. A more hopeful sentiment prevailed in regard to the dollar loans of the Commonwealth of Australia and the State of New South Wales. This was reflected in early advances of 3 to 4 points. Not all of it was held, however, thmuxhou'. the session. ens- land loans were less active and inclined to sag. Australian City loans were somewhat better. There has been liqui- dation in this entire group from inter- ests who held their bonds through the low prices made earlier in the year in the expectation that Australian credit conditions would improve this Spring. German loans were easy but not ac- tive, although the adjournment of the Reichstag until next October gives op- portunity for a development of a better set of credit and political conditions in Germany meanwhile. The $60,000,000 credit to Spain is primarily a banking operation and of comparatively little interest to private investors or institu- tions outside the banking group. ‘The new low levels established for spicuously weak, with a decline of 11 points, or to a level 4 points under that at which they have recently been quoted. Bids on other less active oil obligations were considerably below the . market. Junior railroad bonds were also heavy and there was a disposition to sell even a few of the high-grade rails on account of the very poor Febru following recent dividend reductions. Alleghany Corporation 5s were off near- ly’a point. Wilson & Co. 6s reacted below par, Pathe 7s were off a point, Philadelphia | B, & Reading 6s were down !> point and Pan-American Petroleum of California 6s were off 2 points. The United States Government list showed smaller changes and these were toward lower levels. An issue of $35000,000 Northern States Power refunding 4'¢s, which will statements L take up some of the present debt, was announced today. The only important offering advertised this morning was that of the City of Los Angeles bonds, amounting to $13,486,000. RAILWAY EARNINGS. NEW YORK, March 27 (#).—Rail- roads reporting today their February net operating income, with comparisons with last year, included: o 31,120,810 & 1930. Topeka Atchison anta Fe.... Buslin cmcno, CHICAGO DAIB,Y MARKET. CHICAGO, March 27 (#).—Butter— Receipts, 7,548 tubs; firm; creamery extras (92 score), 6231 91 ;gore) 269, -25%2. Eno—mipu 25,096 cases; steady; prices unchanged. ——— e INTEREST RATES DECLINE. By the Associated Press. Money rates . declined last week as their change was calculated by the Department ot Commerce. In the fig- ures that follow the average rate for both classes of funds at leading money centers is given for comparable periods Call. 1.50 1.67 3.00 8 ts %-27Y,; seconds (86-87 score), e. Week ended March 21... 2.13 Previous week. 2325 Same week last year..... 4.13 Washington Stock Exchange SALES. Capital Traction Co.—6 at 35. ‘Washington Gas 55—$1,000 at 1055, w;.shgmum Rwy. & Elec. pfd—2 at 9%, AFTER CALL. District National Bank—10 at 204. ‘Washington Gas 6s “B”"—3300 at 104! Potomac Electric 6% pfd.—2 at 11275, Wuhlngmn Gas 55— 85 000 at 105 and Asked Prices. BONDS. PUBLIC UTILITY. & Tel(l- 4 .s !B & Tel c Allicostin % Pot. B - 50, Ana. & Pot. Amer, Tel. ba 2 sh. Gas 6, series . Gas 6s, series B . Rwy. & Elec. 4s. MXSCBLLANIOUB. Barber & Ross. Inc.. Chevy” Chase Crup. 315 Golumbla Country Club - bhas. C. Paper Mfg. 65. PUBLIC UTILITY. Tel. & Tel. (9), ot Elec. “Somer 6., ‘oid Pot. Elec. Power 5% pid. Wash. Rwy. & Elec. com (7). Wash. Rwy. & EL pfd. (5).. NATIONAL BANK. Gapital (14), Son SS8358% EEES Second _ (9e)" Washington Amer. Security Continental Tru: Natl. Savings & Trust’ (i2i) Prince Georges Bank & Trust.. 21 Union T 8)..... 2 & l'rrusv. c (30) Washington Mechanics (20) FIRE INSURANCE. , agret government, for splitting | S5 Columbia (61) Real Estate 6h) Tnv. Co. Title & msclmwxous, Barber & ne.. com C gume-notm Corp ance Cofporation, under which the local | Mer. v, & company will take over general con- tract purchase service for General Elec- tric mhn and tors. tlm Not a single car entire train left Plain, Australla, recently. o Est. M. & G. ptd ity " 8tos I3 TR wnrmuzx overturned n n: left the ralls at Nullavor 1105 c80c extra. [+ v BONDS o ] Recelved by Private Wire UNITED l'I'A'l'll. are in ) 2-47.. 1 10126 lll!l 10126 2-47, 6 102 26 102 28 10226 3-38 103 103 25 103 22 103 25 3.. 34 10114 10112 10113 15 101 24 10124 10124 16 107 24 107 24 107 24 40 11128 11127 11127 Sales, High. Low, Close. AhfllblPlPll '83. 20 6% gg% K 87 80% 80 Lib 3% Listay Lith4i US3%s 4l USs3 U S 48 44-54. US4%s47-52. oo 80, 102 104%. 101% 80 102 104 101 H - ANARANHROES I - Argentine 5% s '62 Argontine 6s Ju Atchison gen 43°95 Atchiscv 4%s Atch Ariz 4% AtC Leol AtCL4%sn'64 At Gulf 65’59, At Ref deb 58 '37. Australia 43%s ‘66 Australia s '65.... Australia 5867, Austria 7s°43. B&O 48’4 104% 110% Bllh Strf bs 42 Bolivia 7s " - Brazil 8s 4 Bremen 7s 9 . NN AN G BN RN AR SR RAN IR RUAN DTSR D~ 109% 100% 108 100% % 100% Canada 6s'31. Canada 68 '52. Can Nat 4%s ‘54 Can Nat 4%3 ‘57 Can Nat 4%s ‘68 Can Nat 58 '70 » S eo e 83 Car Clin & O 6852 ent Pac 4s'49. Cent Pac 55 ‘60, Ches Corp bs ‘47 C&O041%8A93 &0 4148 B'95 CB&Qgen 4s ‘53 CB&Q4%s . CB&Q 1strf 58°71. CB&Q11dv 3345 °49 Chi & Eas 111 68 °51. Chi & NW gn'4s '87. Chi & NW con 4% Chi Rwys bs '27. Chi RI&P gn 4s ChiR1&Prf 4 ChRIcviks Chi RI&Pac 4%’ 52 C TH&SE In 55°60. Chi Un Sta 4338 '63. Chi Un Sta 53 B '63. Chi Un Sta 6%s '63. C& W Ind cv 45 °532. Chil 61 Chile 7s *42 Chile Cop db 68 '47. CCC&StL 4%sE. CCC&StL 5 D 3 Clev Term Clev Term 5%- ”I!. Colomb 6s Jan '61 Colo & Sou 4%8'35. Colo & Sou 4% s '80. Col G&X 63 May ’6,2 82% 70 91% 98% 103% 103% 105% 115% 90% 106% 110% 74 Con Pwr Jap 6%s.. Con Pow Japan 7s 100% 94% 100% 100% 75 65 78 4% 109% 109% u% ‘5! Cuba RRrf 7% Cuba Nor 5%s 'u. Czecho Czecho 98 '52 - —th NS - =3 YOS UTOUSIOING T 1T THOEE-1 P 79 103% 90% 100% 104% 102 102 102% 102 105% Dodge Br cl 63 ‘40 Donner St 754 Duquesne 4 %= 67, Dutch East I Mar Dutch East I Nov. Dutch East 1 6547, Dutch East 1 6s '62. El Salvador 8s '48 Erie Gen PSR SToTSToN - JUP -3~ Jep Erfecv 67. Erle 58°75. Flat 7s ex war "4 Finland 6s *45. Finland 6% ‘5! Finland 7s ‘60 Fla E Coast Fram 1D 7%s8'42.. French 78°49... French Gvt 734841 Gelsenk'chén 65 '34 Gen Cable 638 '47 Gen Motors 6s '37. Gen St Cas 5%s 49 Th Eq 40, 5% 92 92 93% 98% 20% 108% 118% 125% 94y 86% 104% 92% 69% 80 108% 118% 125% 94% 87% 104% 64 993 91te 107% QSM 106\6 110% 87 86% 95 Goody’r Rub 58 '57. 7 GrandTr st db 6s'36 1 Grt Nor 4%s°'76 D, 26 Grt Nor 43%s"77 E. Grt Nor 5s°73. Grt Nor gen 7836 Greek 6863 i8] Gulf Mobile 53 '50. Humble Oll s 'l‘l. . Hum O&R 5%s '62. 111 Cent 43 '52. 111 Cent 48 '63. 111 Cent 4% s "66. 111 Cent 6% 111 Steel 4% s *40 Inland Stl4%s A'78 1 Inland St un B'81 . 101% 102% 9244 8896 109% l’ODV. 8% IBZK 102% 95% 95% 102% 921, 1 | Lac G St L 5834 % | Por R T am 6s '4:. Diréct to The Star Sales. High. Low. Close. 3 68% 68% 68% 25 EB3% 82% IZ% 65 95% l 25 89% 2 103 103 IM 6 100% 99% 100 15 95% 94% 95 17 96% 96U 96% 44 106% 106% 106 6 83 83 83 Int Rys C A 68’3, Int T&T4%s63.. Iat T&T cv 43%5°'3) Int T & T bs *5i Irish Fre Italy 7s Italy Pub Sv 7s Japanese 5345 °65. ., Japanese 6% 54 Jugosl Bank 7 105% 105% -105% 984 98 ;! 95% 9% t 6 Kreug & Toll n’n. 9% 2103 103 103 5 101% 101% 101% 1 100% 100% 100% Laclede 63 C *6! Lake Shore 43 '31. 4 6 32 105% 105 22 9% 97 4 91 90% 91 3 95 9% 94% 1 111% 111% 111% 10 106% 106 106% 36 98% 984 98U 36 99% 99% 99w 2 105% 105% 106% 8 106 105% 106 17 81% 80% 81% 22 102% 102% 102% 32 90 89% . 89% !’l 102% 102% 102% 875 87% lo 80% 79% N W K 91 9 90% 90% 90% 96% 96% 96% 1 1011 101t 101% 89% 894 64% 64% 94 %s IIHERYALSI 1. M StP&SSM con 4 M StP&SSM 5s'38 MSP&SM 6% 7 MK&T 1st MEK&T 43 B'62 M M % K&T4%s"78 K&TprinssA. MK & T adj 6367 Mo Pac gen 45 '75. Mo Pac 55 A "65. Mo Pac bs F "17. 92y Mo P.enn'l 92 91% 911 81y 90 81% 96 102 101% 101% 7 103% 103% 1034 6 1104 110% 110% 19 Mor & Co 1st 4%s. Nat Dairy 5% s 48 Netherlands 6s ‘72 N Eng T 1st 53 ‘52 N&T&MGsB'54. 3 8514 85 NOT&MG%s'54. 8 93 91 ew S Wales 63'57 54 59 56% 60 57 85% 85 N Y Cent db 4s ‘34 ]l 100% 100%. 100% NY Cent 4%52013. 16 100% 100 100% NY Cenrf 4 5100 100 100 NYCre im 6 47 107% 107 107 N Y Cent ab 5 106% 106% 106% 2 100% 100% 100% 29 89 £8% 88% 6 1043% 104% 104% 2 101% 101% 101% 7 114% 1143 2 99 99 NYC&StL5%sA NYC&StL6s'32. N Y Ed 1st 6%s°41, NY ELH&P 4549 NYNH&H db4s'57. 1 75% 76% 75% NY NH&H 4%8°'67. 25 94% 93% 9315 NYNH&Hcvdb6s 9 117 1165 116% NYO&W 1st 48°92. 15 45% 45% 45% NY O&W gn 38 38 Y R 2 2 53 53 1% 11% 59% 60 76 10 103% 103% 103% 77 106% 106% 106% 10 111% 111% 111% 7 86% 86 86 1 106% 106% 106% 2 lDl 108% 104 98 98 21 lD7'A 107% 107% 7 68% 68% 68% 13 94% 94% 94% 3 98 98 5 104% 104% 104% 3 112% 112% 112% 12 103% 103 103% 3 105% 105% 105% 1101 101 101 13 102 101% 102 3 105% 105% 105% 1 1 2 3 2 NY S&W 1st 5s 'l'l 1 N ¥ Tel 4%s°39 N Y Tel 6s°41. Nord 6%s '50. Nor Am Ed 6% Nor & Wn cv Nor Pac 53 D 2047. . Nor Pac r{ 6s 2047, Nor St Pw 68 A “41. Nor St Pw 6s B 41 Norway 58 '63 Norway BKI 3 105% 105% 105% 2 102 101% 102 Oreg-Wash 4s"61. 5. 94% 94% 945 Orfent dev 53458, 14 94% 94 94 Orient dev 65 53 i 6 100% 100% 100% 9 104% 104% 104% 6 104% 104% 104% 2107% 107% 107% 3102 102 102 4 94% 94% 94% 5 104% 104% 1043% 5 107 106% 106% 15 82 80% 58 967 96% 96% 1106 106 106 7 101% 101% 101% 34 9T% 97 7 105% 105% 105% 14 110% 110 110 8 109% 109% 109% 3 99% 99% 994 1 86 86 86 1 93 93 93 38 961 94% 96% 10 104 104 104 64 295, 28% 29 . 41 29% 27% . 2T% . 16 pl1% 50 50 20 102% 102 102% 38 80% 8% T8% 75 5 101% 101% 101% 8 1% T0% T0% 81% Paris-Ly M 6s'58. . Paris-Ly M 7s'58. Pathe Exch 7s "37. Penna 43(s D '81. Penn cv 43 ‘60 Penn 55 '64 Penna gen Phila Co Pos Tel & C 65 '53. Prague 7%s"52. Pressed St C 5s'33. PubSv G 4%s'67.. PubSv G 4%s'70.. Pure Ofl 5%s'37 81 5104 104 104 17 108% 103% 103% 6 91 90 20 T9% 1% 79% T9% 90% 96% Q Queenland 7s ‘41 Read Jer Cen 4s ‘51 Rem Arms 65 A '37 Rhine W Rich Oll cal €8 *44. 52. 12 58% 61 80% 4815 8414 4 84% 84% 1 10014 100 100% 26 90% 90% 90% o o1 o1x 81 . 80% 81 725 72% 91% 2% 3 86l 86 86 21 ll)g% IDOK 100% Rio de Jan R Gr De Sul R Gr De Sul8s Rio Gr W clt 4349, RIAr& L 4%s'34 Rome 6%s°52. Roy D 4545 ww. StL&SFin StL&SF 4%s'78. St L&SF pr In b: B. 901 StLSW l1st StLSWev JI‘CI. StLS W bs'52 83 St P Un Dep 63°72.. 8 nw llOK ll(l% Sao Pau 75’40 rets. 24 83y Sao Paulo 8s36... 92 sm Sao Paulo 88 '50. 5% 75 Saxon 7s "46. 92 91y Seab A L rf 48°49.. 15 13% Seab A L 4s s 30% 12’/6 13% 31 Seab A L cv 6 . 13% Sea All Fla6sA'35 21 8 Seine 7842 2 lom mm 1\ms Serbs-Cr-S1 19 s Shell Un Oi1 65 '47. Shinyetsu 6%s '52. Stnclair Ofl 634538 Sme O 7scv AT, Sine P L S84 Skelly Ol 5% s '3! l!olvll Am bs ‘42 % Sou Bel T&T 2 105% 105% 105% Sou Pac col 4: 6 95% 95 95% Sou Pacref4s’S6.. 60 961 964 96% SouPaodls 6. 65 9Tu 96w 97 4% <19 97T% 9TW 9T Sou BAOF 434aTT.. 31 1000 1o 100% 86.. 15 84 84 84 L 24 109% 109% 109% 7 114% 114% 114% | 2 95% 954 95% 21 103% 103% 103% 25 99% 99 99 Tenn Cop 6 *41 1 95% 95% 95% Tex & Ark %8 °60. 5 105 105 105 Tex Corpcv b8 '44. 167 97T% 96 96 Tex & P 15t 652000 5 110% 110% 110% Tax&PactsBTl. 3 96 95 96 Texas Pac 63 D '80. Third Av ref ¢s 'fl; 9T% StOI N J & StONN Y 4% 39 95% 9! .27 99% 2 95% 35% 'B!i 1 94% 94% 94% 101% 101% 101% it Drug ev DO% 100% '100% d King 6%5°37.. 22 186% 106 1 95'4 ‘ernon R. Dorman, 7 *hilli) ‘William ide A wing presentation ‘Trusf using 98 started Sun Service 80% 97 however, opinion. The pany and filed % smnls'nm or §! 90% | WIN CERTIFICATES Special Honors Awarded to Albert E. Fisher . and James H. Dodge. lflnuy-lwr students of Washingtorl American Institute of Bank« 71% | Ing, ere given certificates for comse courses pletion of Frank M. Perley. cates — Jeffrey A. Abel, Willlam Morris Berkley, Ken= neth Birgfeld, Augusta Elizabeth Butler, Stanley W. Cates, Willlam Holmead Callan, Mary L. Chadwick, Ruth Estelle Colburn, Lawrence Wilbur Engle« man, William Fischer, Howard R. Mas~ sey, Donald M. Mowbray, Elsie M. Notter, Marshall H. Osburn, Donald E. Penn, Louls E. Purnell, G. Clifford Rea, Joseph J. Foreman, Joe Cahan, Herbert R. Glaser, Albert T. Hass, Holman Don Hoover, Minnie A. Jenkins, D. C. Jones, Neil C. Linger, Edna Wellenl Luns= ford, Arthur M. Rector, George E. Rhine, Herbert S. Bch-cur. John H. Smith, Wilson M. Stokes, Edwin Whitcomb, Wfll!.lm Lyne Nilson IM Grace E. A Pl’bs'-lndlrd cen.mcttu H. Curley Boswell, P. M. Brothers, Ralph J. Collins, Naomi R. Cooper, Howard D. Dodge, Pauline Garber, John R. Grafl, Alice Helen Harris, James H. Heiskell, Robert S. Himes, Bernardine C. Huntt, Warren E. Lawson, Dorothy A. Lee, Lyman, James F. Mitchell, jr.; N. .I;u"" Nichols, Nathan Poole, Lawrence George L. 8. Scharf, F. Alvin schre!nzr Donald R. wlrhurwn Richard J. Wat- kins, Tudor Whiton and Edward N. Williams. Qediu ‘William L. Ashdown, Willard Barker, Jullan O. Cardin, Dalton A. cook Charlotte A. Engel, Ruth M. Pisher, _James Bettnee Carney, F. Rlndolph Cllywn William Jamison De Jarnette, Vernon J CAB FIRM WINS FIGHT ON INSURANCE DEMAND Special Dispatch to The Star. at $5,000 and $10,000, with the alterna- uv‘:nmnhgmuswooo. was by the e s Comm ap| n Court of A 3 SRS o EARNINGS REPORTED. NEW YORK, March 27 (#).—The pamphlet report of the Western Union Telqn h Co. for 1930 shows net ine of $9,247,032, equal to $9.03 & Mani reported tor 1930 net income of equal to 82 cents a share, 1.39 a share, in the pre=- ceding year. Electric Boat Co. and subsidiaries for 1930 had et loss of $1.071,135, againgt pmflt of $2,765,207 in 1 ey Co. and subsidiaries f 1930 hld net I.neome of $102,193, $947,606 in 1929. New land Steamship Co. NWM for lbaflet loss o! uism against net loss of $63,684 FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co:) Nominal gold Selling checks London, pound Paris, 'fr Uil Pow 58 ‘59 ww. Utll Pow 5%s '47 Vienna 6s 52 Va Ry 4%s8'62. va Ry & Pow 6834 va Ry Ist 6362 Wabash 4% 'll West Md 5%s "l7 Wst Sh 1st 43 2361. West Un Tel 6s '51. B e - «mn-efiunfiu%»aaua aaak o Wick'Sp 1st 7. 35. . Wick Sp ev et 7535 Wick Spen cv 78'35 Wilks B & E 1st 5s. Wil-Ov 15t 6348 Wil & Co 1st 65 '41. Yokohama 6. - ) 06% Ygstn Sh&T §s 7!