Evening Star Newspaper, March 29, 1931, Page 67

UTILITIES FEATURE DECLINES ON CURB Market Closes at Low Point of Day After Active Selling. BY JOHN L. COOLEY. Associated Press Financial Writer, NEW YORK, March 28.—Selling in- ereased in the curb market today, with pressure directed particularly against the utilities and specialty stocks which had advanced earlier in the week. Net! gy losses of 1 to 3 points were numerous. Sentiment had apparently been dis- turbed by the break yesterday and, al- though overnight seiling orders . were icient to disturb prices, the mar- ket turned heavy after only a momen- ury pause in the early trading. Clos- ing prices were the lowest of the active on. Power company stocks down a couple of points included Bond & Share, which m!lectn under 53, and American Gas & c. American Superpower was liberally offered, declining a point. Mid- dle West Utilities and St. Regis Paper lost 2 similar amount. Associated Gas| A was firm and United Light A was slightly affected. Noranda Mines encountered active t-taking and yielded 2 points. A. Aviation Corporation, Doug- las Aircrlfl., Mead Johnson and Alumi- num of America were down 1 to 3, Cord Corporation broke coincident with the large loss in Auburn Auto, Parker Rust- | proof held around the Friday close. | Oils were inactive. Citles Service and | Vacuum sagged {ractionally. | GRAIN VALUES LOWER | g2nerally neglected at 18 to 20. | fowl and pigeons Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., March 28.—The egg market contintes unsettled and flucbulflni and values showed a wide range past week, dropping as low as 1915 eenu a dozen for nearby firsts, but renovered the latter part of the week., Closing today at 213 cents, an increass of 74 cent a dozen over open- ing prices Monday. The drop was due ln.rub' to liberal receipts from all near- by points and light sales on the ex- change. While fresh laid desirable stock finds ready buyers on the street, many of the receipts show signs of hav- ing been held, and all such stock is slow sale at current receipt prices of 20%: cents a dozen. Duck eggs in very light receipt and the market holds firm at 40 cents & dozen, an increase of 5 cents a dozen over last week. Only fresh laid duck eggs will command this price, however, as all stock showing evidence of having been held has to be sold at counts, Poultry Prices. Under more liberal receipts the past week the live poultry market rules gen- erally easy on all lines and values show a decline with the exception of young ducks. The season for turkeys is about over and under light receipts and most- ly of rough, thin birds, the market is nominal, with all receipts being sold strictly on merit. Young broiling chick- ens, 115 pounds and over, are bringing 36 to 38 cents a pound, and Leghorns 34 to 36, while all mixed colored young chickens sell mostly at 29 and 30. Old hens, 3!2 pounds and over, are in fairly good demand for the Jewish holiday trade at 20 to 23, but Leghorns will not bring over 18 to 20, and all poor, thin fowl, as well as old roosters, move slow at 13 to 15. The demand continues fairly good for capons, 7 pounds and over, at 36 to 38, but smaller, as well as slips, are not so desirable at 32 to 35. Market for young ducks continues firm under light receipts and a good demand for stock weighing 4 pounds and over at 27 and 28, but small, poor ducks are Guinea are holding fairly steady at 50 to 75 each for the former and 30 to 35 a pair for the latter. The season for dressed poultry is about over and it takes extra choice to fancy stock AS STOCKS DECLINE Selling of Securities Reflected in Sagging Wheat and Corn Prices. By the Associated Press. CHICAGO, March 28.—Pronounced setbacks in securities did much to pull wheat and corn lower today. Another unsettling influence was failure of pre- :Icu:.n': rorhl.btnormu cold weather in omestic wheat territory. Suggestions from the Department of Agriculture that Wobld be Abandoned were gencraly re. | & ol abandoned were ge: Te- garded as excessive. ‘Wheat closed nervous, 2 cents Iower 'o % advance; corn, % to down; ts, 1 off to 33 up, and vrv\'hlonl. un- to 7 cents decline. market weakness contributed to bring & premium. ‘The market for white potatoes is holding steady under a moderate de- mand at 1.50 to 1.90 per 100 pounds, with Eastern Shore Maryland and Vir- ginia stock bringing top values, but ed, ungraded potatoes will not bring over 1.25 to 1.65. Sweet potatoes and yams in ample supply for the demand, and the market is a shade lower on the former, at 2.75 to 4.00 a barrel, but yams are steady.and unchanged. at 3.50 w 4.00, while ungraded No, 2 stock sells mostly 2.00 to 2.50. Native and nearby garden truck con- tinues in liberal receipt, and with the demand increasing for early Southern vegetables, prices are mostly in buyers’ r-vor. -t the following quotations: Kale, 0 to 1.00 bushel; Spring onions, 1.85 to 2.00 per hundred; oylter p'llnu 4.00 to 6.00 hundred; 1.00 to 1.20 bushel; spinach, 35 to ’ls bushel, and turnips, 1.00 to 1.50 Live Stock H.lrlefi. ‘The live cattle market is generally .|dull, under only a fair demand and reports Buulmev:tdwmuh were g‘kely ul’zth;; ‘rease, n though dum; mi ided. Bears contel nded? '. i Go'vemmmwpm red domestic wheat holdings being held off the market indefinitely, the surplus would continue to act as a de- terrent to any material advance in Pprices. A further handicap to wheat bulls ‘was word that Austnun. still had 100,- 000,00 bushels to dispose of and that this wheat must compete sharply in world markets. It was added that mill- ers were finding difficulty in selling Australian flour as against English flour ats— March, old Mny. ne- it | centered on first uality stock. General movement {is light, there being few choice cattle arriving on the wharves, most of the receipts being of common, rough stock, which moves slow at inside prices. Quotations today at Light Street ‘Wharf: Beef cattle, first quality, pound, 7 to 8; common to medium, 5 to 6. Bulls, as to quality, 3 to 5. Cows, choice to fancy, 4 to 5; common to fair, 2 to 3. Oxen, as to quality, 3 to 5. Cll\'u veal, choice, l‘,x to 9; large, fat, 7}, to 8: large, rough, 6 to 7; thin, 4 to 5; rough and common, 4 to 5. Sheep, 4 to 5: old bucks, 2 to 3. Fall lambs, choice, 9 to 10; fair to good, 6 to 8; common, thin, 4 to 5; Spring lambs, 40 to 45 ds. 13 to 14. Hosl. straight, to 6 to 7: stags, 4 w 5; live pigs, ll w 12; shoats, 9 w Firms to Conlolidlte. NEW YORK, March 28 (Special).— A plan to consolidate Oliver United Pilters, Inc., one of the largest indus- trial filter manufacturers in the United States, with the Dorr Company of New York which occuples a similar position in allied manufacturing fields, is an- nounced by executives of the Oliver Company in San PFrancisco. Combined assets of the two corporations will be conveyed to a corporation to be formed, the Dorr-Oliver Corporation, having a capitalization estimated at between $10,- 000,000 and $12,000,00 Merger Effort Resumed. NEW_ YORK, March 28 (#)—Wall Street hears that negotiations looking to a consolidation of Allis-Chalmers Manufacturing Co. and Advance Fa:mley Corporation, have been resumed after a lapse of more than a year. Officials ‘Windsor Great Park, England’s fa- mous forest, is to be improved by add- ing hundreds of young trees, planting of which will require several years. This week Brokers' P Federal Reserve ratio Holdings (United States): ities ... Gold reserve Rediscounts . Bank clearings (Final three ciphers omitted m'-bo\e; Car loadings week ending March 14. Crude oil production (barrels).. . Stock sales (N. Y. Stock Exchange).. 1 Bond sales (N. Y, Stock Exchange). New financing Call money rate Time money rate. Commercial paper Electric output weel ‘ended March 21 (Kw. H) HOW IS B h 050,000 eseesses.1,663,208,000 of ,the two companies are sald to have been conferring for several days, but the negotiations have not yet reached the stage of discussion of final terms. Last week 1,908,000 $1,913,000 8547 8437% $598,558 3,126,368 165,425 7,794,571 $617,746 3,115,874 161,9: 8,885, 723,534 2,190,350 14,100,000 000 $74, 539 00 $528,999 3,051,002 206,829 11,158,512 881,308 2,535,900 26,768,700 $78,049 500 $131.007,000 315-4% 314-41,% 3%-4% 1,703,060,000 734,262 2,268,050 3,813,197 1,664,186,000 USINESS? Showing Current Business Activity compared with Same Week Last Year. [T~ Tavinnal v Taus sl oce [oov] owc [T mm ] s | TR GENERAL BU| York City. Shaded areas show weeks of ac previous year, INESS ACTIVITY for the country tivity above the corresponding weeks of the Black areas indicate declines from same weeks 12 months earlier, ACTIVITY BY FEDERAL RESERVE DISTRICTS. Check Transactions eompared with the same weck a year ago. LEADING BAROMETERS. Showing Trend of Business in dollars lemn:'uu) Movement of goods (car loadings) . Retall trade (Federal Reserve Board important factors. ‘Wholesale trade (Federal Reserve Board) Failures (Dun’s). Bond prices (An Stock prices (Anmalist Stock market volume (shares traded) Downward Steady Steady Upward (All rights reserved, Cambridse Alndlul, Boston.) FOR WEEK ENDING MARCH 28, 1931. ——1031.— igh. Low. Stock and dividend. 4% Acetol Prod A. 10 ‘Aero Supply A (1%). Aero Supply Mfg 8) Agfa ANSCO..uv.vuuus Ainsworth Mfg Corp(1). Alr Inv Inc. vte. Afr Inv conv pf, Ala Great Southn (17).. Ala Great Sou pf (17). Alabama Power pf (§) All Amer Gen Corp. Allegheny Gas Corp. ... Allled Mills, Inc(60¢)... Allied Prod ev A 3% . Aluminum Co of Am. Alum Co Am pf () Aluminum Co. Ltd. Alum Ltd A war. ... Aluminum, Ltd (B) war. Aluminum, Ltd (%) war. Aluminum,Ltd (D) war.. 4 Amer Austin Car Am Beverage Cor 4 Am Capital pr pf Am Cigar Co i Am Cit Pwr&Lt(A)(a3). Am Cit Po&Lt B(b10%). Am Cmwlith P A(b10%). Am Cyanamid (B). Am Dept Stores. Am Dept Stores pt (A)-. Am Equities Am ForPwr war. Am Founders. Am Gas & Elec (1) 5 Am Gas & El pf (6) Am Investment Inc (B). 5 Am Inv. Inc, war.. Am LaundryMach(3) Am Lt & Trac (2%) Am Maize Products 4 Am Maracafbo, Am Meter (3) Am Natural Gas. Am Stat Pub Svela Am Superpowr (40c). Am Superpo pf (6). Am Superpwr 13t pt(8). Am Thread pf (25¢).... Am Transformer. . 4 Am 1&Gen (B)vte. Am Util & Gen pf. Amer Yvette Co, Inc. Amster Trading (48¢). Anchor Post F (b10%) Anglo-Chilean Nit. Appalachian G: Apponaug Co (2). Arcturus Radio Tub. Armstrong Cork (1). Art Metal Works (80c) Asso Elec Ind Ltd(30¢) . Asso Gas & Electric. ... 4 Asfo Gas & Elec A (a2) Assoc G & El war. Asso Gas & Elec c! Ano Tel Utt] (b8%), 4 Atlantic Fruit Atlantic Lobo: Atlantic Lobos pf Atlas Utilities Corp. Atlas Utilities(war), ' Auto Vot Machine. Auto Vot'g Ma ev pr pt. Aviation Corp Am. Aviation Securitie Aviation Sec.New Axton Fish Tob A(3.20). Bahla Corp... - Bahia Corp pf..... Bell Tel of Can (8). Beneficial IL (13).. Bickford In=~pf (2%) Bigelow-Sanford Carpet. Bigelow-Sanford pf (8). Bliss Co (EW) (n1)..... % Blue Ridge Corp. Blue Ridge conv Blumentha) (8).. Bohack (H C) (4) Borne-Scrymser Cy Boss Mfg Co (4). % Botany Mills.... Bourjols Inc Bower Roll Bear (1 Brazil Trac & Lt (b8%). Brill Corp A (34¢). Brit-Am To B (1.17 4-5). Brit-A To reg(1.17 4-5¢). Buckeye Pipe Line (4).. Buffalo, N&EP pf(1.60) Buff Niag&EP 18t pf(5). Bulova W ev pf (l\fi) Bureo. Ine, war.. Burco. Inc ev pf i35 Burma Ltd rcts 127 3-5¢. ¢ Butler Bros. + Bwana M Hubw Cep. Cable Radio Tub vte. Cabl & W Ltd, A rots. Cabl & W Ltd. B rets. Canadian Mareoni. Canada Cement Co. Carib Syndicate. Carnation Co (j1%). 4 Carrier Corporation Cent Pub Sve A(10%). Cent & Swn Utll (b7%) Cent States Cent States El pf(6)xw.. % Centrifugal Pipe (60¢). . Chain Story Chat Ph Aln.v. (1 Chesebor Mfg (t4% Chi B&Q RR (10) Childs Co. pf. (7). Cities Service(g30c).... 4 Citles Service pf (6).... Citles Ser pt B (.60)..... Cities Serv. B.B.pf(6). Cities S Pr& Lt pf (7). Claude Neon Lights.Inc. Clev Elec Illum pt(§). Cleveland Tractor (80c) Club Alumn Utensils Colon Ofl. Columbia O Columbia Pict (£1%) 4 Colum Plct vte (£1%4). Com'with Edison (3) Comwlth & Sou (war).. Comm Wat Serv b6 % Comp His Am sh(p3%).. Comstock Tunnel 4 Consol Auto Mer ctfs. Consolidated Copper. Conso) Dairy Product: Con Gas of Blto (3.60). Consol Gas Util A(2.20). Consol Gas Util B. v.te.. Consol Royal (30¢) . 4 Consol Trac of NJ (4). Cont) Chicago Corp. 4 Cont Shares conv pf. 4 Cont Shares pf (B). 2 Cooper Bessemer. Cooper Bess pf A( Copeland Prod Ine Cord Corp. Corp Secur of Chi ( Corroon & Reynold: Crn & Rnlds pfA(6; Cosden Of1 Cosden Oil pt (7). Crane & Co (1%). Creole Petroleum Cresson Consol (4¢). Crocker Wheeler. Crown Cent Petm (n") Crown Cork Irtl A ((1). Crown Zellerbk pf A (6). Cuban Cane pr opt war. Cumberland P L (2). Darby Petroleum Davenport Hos (2) Davis Drug Stores. Dayton Airplane & Eng. Detroit Gasket (1.20) ... Dinkler Hotels (2) . Douglas Afrcraft (11%). Douglas Shoe pf (7). Dow Chemical (2). Dres (8 R) Mfg.A ( Dresser Mfg (B) (2). Driver Harr! w) Dubtlier C & Duke Pow (5).. . 2% Duquesne Gas Corp 14 Durant Motor Can uoe). .l l ] FEEELEEL LR 4 $EEE FPEERERE & o = e ) " tree FRRar [EEARE ERARE AL Lo AW NSRS +41 +1 » £8 S85 #E Bs 1+ [ O o A W I+ i+t 0000 FEE ES T4+ +1 04+ +4++0014111 1 s ssafe srees 11+ FEFEEILLS P FESH FF 1441 | [EEANE NN LUV @ N - FE FERPER o FRFreRR RS e FES - o= - FIEEFE *® FEES ¥ ¥ —— @ R LT LT EELESE ¥ 1931 — High. Low. 15 21 Stock and dividend. Durham Duplex pr pf Duval Tex. Sul. w.i.. Eagle Picher Lead East G & Fuel Asso. !hltG.’lAlD’(l). . East Sts Pow B (1)...ev Eastern Util Asso (2)... XEdison Bros Stores(75¢): Educational Pictures p!. Elsler Electrie Corp. Elec Bond & Share (b') o El Bond & 8h pf (6).. 9% Elec Bond&Sh cu pt (5), Elec Pow Asso (1). I Sharehold (b6 El 8| Empl; Empl Emp Corp cv pf (a3) Empire Pub Sve (A) Empire Steel Corp. ... Eureka PipeLine(4) Europe Elec, Litd Al(oe) Euro Elec, Ltd debrts. . Evans Wall Lead. Fageol Motor. Federal Baking Shop. - Federated C: Federated Flat rcts (943%c) Fllm Inspect Mach... Fire Assn Phila (1. 50) . Fischman & Sons A..... Fiintkote Co (A)....... Florida P & L p£(7)..... Food Machinery (133)... 1% Ford M Can A (1.20). Ford Mot, Can B (1.20) ... 4 Ford M France p28c Ford Mot tor Ltd (36 35¢) Foremost DairyProd. Foremost Fabrics Foundation For S| Fox TheatersClassA. Franklin Mfg Co Galena Oil Cory. l.ameanH’ pL (6). Gen Alloy. General Aviation. General Baking. Gen Baking N Y Gen Baking pf cod (. General Cable war. Gen Elec Ltd rcts(p7 Gen Empire Corp (1). Gen Gas&El cv pf B (§) Gen Petroleum. Gen Thea Eq cv pf (3) GeorglaPowerpf(6) Gilbert (A C) (1). Gleaner Comb Har Gold Seal Elec new. Golden Cexter. Goldman Sachs T C. Gotham KnitbacMch. Gram Col Gr w.4. Gramaphone rc! 5 Great At&Pac Tea nv( Grt A&P Tea pf (7) Great Nor Paper ( Groc Strs Prod v. % Guardisn Invest Gulf Ofl of Pa (1%) Happiness Candy. Hazeltine Corp (2). Hecla Mining (40c) Helena Rublnnom 4« Heywood Wal Hires (CE) Co A(zl Hollinger Gold (65¢). Holt (H) & Co (1.80). Holophane Co (1).... Horn&Hardart(2%) Horn&Hardart pf(7 Hudson Bay Min & 8. Humble Oil (1235 ) 4 Hydro Elec Secur (1.40). Hygrade Food Prod Imp Oil of Can (50c). 1mp Tob Grt Brit (189¢c) Ind Pwr & Lt cu pf(6%) Indana Pipe Line (1), Ind Terf 11lu O1l (A). 4 Industrial Finance ctf: Insull Inv (b6%)....... Ins Co of No Am (1234). rance Sec (70¢)..... oast Trade Co.(1). Intercont Pete new..... Intercont Power (A). Intl Holding & Inv. Intl Hydro cv pt (3%).. Int! Petroleum (1)...... Int Safety Raz B (12%). Int Superp (11.10).. Int Utilities A (3%) Irving Air Chute (1). Irving Afr Chute lwll’). Italian Superpowr A.... Ital Superpower war. Johnson Motor Co. Jonas & N cum pf. 4 Kellog Switchboard. Kirby Petroleum. .. Kirkland. . Klein (H) pt pf. Knott Corporation (1) Kolster-Br(Am shs) Lackawanna Sec (4) Lehigh Coal&Nav(1.20). Leonard O11. Libby McN: Lily Tulip Cup 1% Lion Oil & Refinin; Lone Star Gas new (88¢c Long Island Lt (60c). Long Isl Lt pt (7). Long Islcu pf B (6).... Louisiana Lan & Ex. . Ludlow Mfg Asso (10).. MacMarr Stores (1) » MagdalenaSyndicat Maine Gas Co (12%). Mead Johnson (14). s M ph N G Co (60¢). Mesabi Iron. Mesta Machine (2). Mid Sts Pet v.t.c. A...... Mid Sts Pet v.t.c. B. 4 Mid West Sts Utll (1%) Mid West Util (b8%) MidWest Ut cv pf(6 Mid West Ut A wa Mid West Util B (w. Mid Ronlty nv Df [t Midlan Na (1.2 Midland Unlt ] lbl%).. Miller & Sons (2). . Minne-Honey pf (6) Mo Kan Pipe L lhlni). KPLYv. M!ss River Fi Mock Judson Voehr. b 5 Moh Hud P 1st p£(7). Mohawk Mining (1) Mountain&Gulf (4c) Mountain Products Nachman Spring. 2% Nat Service Copavmimmes o $32 (SRR RE T ARE 8N fll+40 1 ++ forey ¥ +1 1+ AREIREESE 3 ++ REER 3 VETHL I+ 00040 +4+ L0414 o B g o R R 1+ i [REREEE SN} i+ +101++ - LA+ e FFRTsaPe R e as” - & OEeEEEE rE2E @ £ e S22 FEE FreFF FESFSE FF - L - EEE FEE > P EFESPRFES 41% Newmont Min (4). 26% N Y Hamburg (2%). 112'4 109% N Y Pwr & Lt pf (1) 89% 46% NY Steam new (2.60)..4 118%' 118% N Y Tel pf (634). 15% 9% Niag.-H. Power ( 3% 1% % Md (40e). . Niles-Bement-Pond (2).; Nipissing (30e)... Noma El Corp (80c) . Noranda Mines. Nordon Corp Ltd Nor Am Aviation A war. North Am Util Seec. . . Northam W ev pf (3)... North & Sou AmCor p A. % Nor European Ofl Corp. . Nor Ind Pub Svc pf(6) 1562% 123% North Stat Pwr A(8) 101~ 95% Nor States Pwr pt 109% 101 North S Pow pf (1) 51% 38'4 Novadel Agene (4) % 1% Ohlo Copper... 102% 98% Ohio Ofln (cu)pf (6).... 108 103'% Ohio Pub Serv pf A ¢7).. 5 34 Oilstocks, Ltd(AJ T40c). 3% 215 Outboard Mot B. 6 214 Overseas Sec...... 2 Ovington Bros pt pf. 14 14 PacFinCorp (132)..... 253 Pac G&EPL1.37%. ... 26% PacG & E 1stpf (1%) 19% Pac Pub Sve A(1.30) 6% Pac Western Oil. % Pandem Of1 Pantepec Ofl. Paramount Cab Mg, Parke DAvIS (11.45) 00000 Parker Rust Pr (3) 4 Patterson Sargent (2) Pennroad Corp (20e) Penn Traf Co (15¢). Penna Water & Pwr (3). Peop L& P A (2.40). Perfection Stove (2% ) Perryman Electris Philip Morris Inc Philip Morris (A Phillip L Inc B 1. 2 Phoenix Secur Corp., 25% 144 Phoenix S Cpf (3). 1 1 Piedmt Hy El n war. 1w. 34 Pilot Radio Tube(A) 10 5 Pitney B Pos n(20c) 1085 102 Pitts & L Erie (5). Pitts Plate Glass (2) Plymouth Ofl (1) % Polymet Mfg. . Pond Creek Pocahonta Premier Gold (12c) Producers Roy Corp. Prudentfal Inv.... Prudential Inv pf (. P 8 Nor 111 no par(8) Public Util Hold war. Pub Util Hold Corp xw. Pub Ut Hold cu pf(3). . .. Puget Snd P & Lt pf (6). Pure Oil pf (6) Pyrene Mfg (80c). 2% QR S-De Vry.. 120 115% Quaker Oats pf 6)... 2% 2 Radio Products.. 4% 3% Railroad Sh (50c). 5% 4!5 Rallway & Util Inv (. 2% Rainbow Lum ProdA 1% Raipbow Lum Prod B... 10% Rayethon Mfg. 1 Reiter-Foster Reybarn Co. . Reynolds Inv Richfield Oil of Cal pf.. Roan Antelope Mines. Rochester Cen Pow K'kland Lt & P (30c) Roosevelt Fleld. Inc, Rossfa Intl Corp. . Royal Typewriter(3). ... Ruberoid Co (4). Russek’s Fifth A Safe Car H& L (8) +# St Antony Gold.. St Regls Paper (1) Salt Creek Prod (2). Saxet Co. Schulte Un §¢ tos1 8 Schulte 5¢ to $1 Strs p Scovill Mfg (2). Seaboard Uullues (aflc) Secur Corp Gen(40c). ... Seeman Brothers (3).... Segal L & Hwde(50¢)... Seiberling Rubbe: Selected Industriy Sle Ind full pd (5% ). le Ind prior (5%). 4 Sentry Saftey Contr Seton Leather (1)... Shattuck Den Min. Shawingan W& P (3%). Sbheaffer Pen (13) Shenandoah Corp Shen Corp pf (a3). . 60% Sherwin Willms (14% ). 1% Signature Hosiery Co. .. CLEEES 2% 6% % 37 36% 56 i 1 385 23% ++1 11 (SR | (RRES i " FEEEFESE ¥ F LUHII TRt 2 "2 » o o S 2xe? Fserfrsserdscs [N} f 2T ¢ - - - FEE FEREFE o) EEE f‘# FESL RN} % b 121% 1184 1% £y bl 18 30% 36 % 30% 20% 3214 9% Stand Ofl Ohio(2%). 2% Thatcher Sec Corp... Singer Mfg (vuu).« Sisto Fin Corp. Smith (A O) (2) - Smith-Corona Tpwr vtcs Solar Refining. vesed 80 Am Afr Lines 1st pf.u South Am Gold&Plat. South Penn O11 (1), 8o Cal Edis pf (B) (1%) Sou Calif Ed pf(C) (1% ) So Colorado PwA (2).. Southern COrp....veeem SouthernNat GAS ees e« Sou Pipe Line (2).... Southland Royalty (§06). Sou West Bell Tel pf(7). Southw Dairy Prod So West Gas Util. Spanish & Gen rotse. v . Spieg May Stern pf. Stand Cap&Seal (3) Stand Invest cum pf. Stand Motors. Stand Oil of Ind (3) Stand Of1 of Ky (1.60) 4. Stand Oil Nebr (2) vveees » -3 & PULERQEE DI H LI +++ 100 e+ 000 0ETL Stand Oil of Ohio(5).. StandPwr & Lt (2). Stand Pwr & Lt (B) (2). Stand Public Srv A. Starrett Cord....... Starrett Corp pf (3) Steln Cosmetics Inc. th) Sun Invest pf (3) Sunray Ofl (b5 %) Syracuse Wash Mch(B: Technicolor Ino . Tech Hughes (60c Texon Oil & Land (1) Timken Det Axle pf (7). % Tobaceo Prod Exp (10c). 4 Watson (JW) Co. ‘Trans Alr Trans, TransLux DLPS.... ‘Tri-eontin’l Corp war. Tri Utilities (31.20) Tubize Cantillon (B) w e Tung Sol Lamp (1)..!.. Twin States N G pt (A).. Union Am Invest. United Gas pf (7) - Utd Light & Pwr A(1).. Utd Light & Pwr pt (8) .: Prod. s ¥ = H & $5295g, wa =8 r i-gia R e L LU R P e Utah Pwr&Lt pt (7). Utll Pwr&Lt (a11.02%).. Ut P&L B(at1.08%)... Utility & Ind. - o i s LR B $6 oupad Spuadi TETL L4114+ - »S Walker Mining. Warren Co (8 D) ( )u.v -'-z gz 280250 geaf ? ‘Wayne Pump. Wi - S - - = West Pipe & Steel (1) as West Mass Co (2%). Western Power pt (7). ‘Wheeling St1 pf B (10) Wil-Low Cafeterias... -low Cafe pf (4) ‘Wilson Jones (132) cuveen Li++L41 oL ‘ - & I1+1++ R T SR N ENIUERST 0L ATV 4000 I#E 41+) £ F g waeesss? 2 #5F = 1+ B FEERL - K sdessllsia Qv o5 sss [rrere SNELE - § REFES @ ® Peex” - 22 22 - Franress? 2 segen 1114 EL L+ payment, 5% in SElE 2% 1 - uocki 4 Ford Mot Ltd n Plus 8% in stock. 5 “Y” Oll & Gas.. Zonite Products (1)....: AprT % e THia e sock: ¢ i e i cagh or xtockk b Pagable in st stock. K Plus 10% in P Pald Inst year-no revular ra AUSTRO-GERMAN TARIFF UNION STOPS RISE IN FOREIGN BONDS Special Dispatch to The Star. NEW YORK, March 28.—The storm center in the market for bonds this week has been in the foreign division. Here the tariff union between Germany and Austria stopped what appeared to be a permanent rise in German govern- ment, municipal, provincial and corpo- ration issues, reducing prices by several points. In the Australian government and state loans there was heavy liqui- dation after stabilization in these obli- gations had been effected during the past month. Now it appears that default may be made in London on some of the New South Wales sterling issues and the en- tire credit structure of the Australian commonwealth may be affected, unless some radical departure is soon taken in the matter of internal and external oans. Peru went through another small revolution, which forced down the prices of Peruvian bonds, already at low levels, further than they had previously been on this decline. Argentine, Bra- zilian and Chilean issues were sympa- thetically affected. This sudden change in the foreign market trend means an indefinite postponement of any further dollar loans for those countries that were making arrangements to borrow in the United States. Junior Bonds Unsettled. Unsettlement occurred in various in- dustrial and junior railroad bonds in the American division of the market. ‘This was to be expected in a week that brought to light so many evidences of poor earnings, compelling the reduc- tion of dividends by prominent corpora- tions. There was also the effect of the closing of syndicates where bonds had not been entirely distributed. A check- up among dealers at the end of the week indicated there was a consider- able amount of new stuff available to who were willing to pay the syn- dicate price and not a little that might be bought at concessions. It is under- stood that the Southern Pacific issue did not go well. On the other hand, there was a good demand for the Public Service of New Jersey bonds, indicating cha present tendency of institutions to crease their investment commitments ln the ohutlflflnl ll)fmrower and ll(hl companies but it new ments in the rnum | ‘The week nudln.llnhrlevol- ume of new one day alone bring- per cent preferred stocks of the operat- ing companies are selling above their call prices. These always have a premium over equal dividend rate stocks of holding companies, although there are & number of conspicuous instances where even the latter have risen lately above their call figures. Preferred Stocks. Investors are willing to buy preferred stocks above the call level on the theory that these stocks will not be disturbed, as power and light companies wish to maintain the wide distribution of their securities among their customers for the good will that this creates in their ter- ritory. Relatively few 6 or 7 per cent public utility stocks have been called in the last few years, in contrast with a heavy refunding of bonds with cou- ns at 5 to 5% per cent into new es ranging between 4 Der cent and 4% per cent. The very heavy reduction in income tax payments, amounting in the March quarter alone probably to $200,000,000, along with the steady demand for pay- ments against soldiers’ bonus certifi- cates, is compelling another issue of Treasury bills early next month, to be followed by other financing between that time and the middle of June. As a matter of fact, the income and the outgo of the Government are at present |80 uncertain in their volume that it is doubtful if the Treasury Department can do more than meet requirements from week to week. It is impossible for it under present conditions to de- velop a long-term financial program, so I.! becoming evident that it will have cn some of the negotiations thlb had been started to the retirement of long-term loans. (Copyright, 1931.) NEW YORK BANK STOCKS NEW YORK, March 28 (#).—Over- the-counter market. Closing bid and asked prices: America over $100,000,000 of various issues. | Publls demand for preferred stocks is one of the significant features of the month, and as the supply has been steadily absorbed prices have gradually recovered, unm they are now bout, an average with those late last mr.u:: :&w*&nnmumlml e o # Esgliginacy / CHICAGO DAIRY MARKET. CHICAGO, March 28 (#).—Butter, | 14,49¢ tubs, steady; creamery, extras (92 score), 28%; standard (90 score car lots), 29; extra firsts (90-91 score), -2814; firsts (88-89 score), 26%« 27%;; seconds (86-87 acore), ”-“'.:. extra firsts, Eggs, crates, 28,180, steady; fresh graded firsts, 19-19%: or- firsts, torage packed 20%; storage packed exun 21%. STATEMENT OF THE CONDITION STUYVESANT INSURANCE COMPANY on i it o PR, g Quired under Secti 647 of Law for the Dumc: o! ‘Columbia. o mf:_oul. "'é&;fi;fi .32,713,158.64 Net premi Total inters Other "inco Total incom or losses. All other disbursement: Total disbursements. Real estate . ala) DRIt and rents due oF aceriied All other assets Gross assets. Deduct assets not admitied. Total admitted ass LIABILITIES. Net unpaid claims. - tal premi; Sner e Capital Surplus Ocean Motor vehicly Earthquake Inland navij transportation . ‘ornado, windstorm and cyclo: a Sprinki Ka Riot. ~ civil commotion Commercial National Bank Bldg. Washington, D. C@> -