Evening Star Newspaper, April 4, 1931, Page 15

CURB ISSUES SHOW ‘FRMER TENDENCY Offerings Decrease and Nev:, Buying Appears at Shoi. Session. Note—All stocks are sold in. one -excepting those designated by which shows those stocks were sold in ~Prey. 1931~ - Stock ana Sales— High. Low Dividend Rate. .. Add 00 22 114 od 22 18% 15 86 67 100 9% 3 % 140% 106% 7% Am Austin Car.. . Am British & Cont. . Am Capital pr ot 5% Am Clgar Co.......e Am Cit P&L (A)(a3) Am Cit PEL B b10%,, Am Com. P A (b10%) Am Com Pr B(b10%) + BY JOHN A. CRONE. @pecial Dispdtch to The St NEW YORK, An:il 4—Prices on th® Cuib Exchang er_op-ning Arregu- larly, firmed today as offerings decreased | in many of th2 plvotal stocks. E.ectric | Bond & S};’dli; mov‘ed ;Athl? a nurrowt‘{ rang’, reco a fractional ga'n mos ol the t'me, w!hfle Citles s-,'n-noe was virtually unchanged, | Sicndard Oll of Indiana most of the day was a small fraction higher, despite its earning repo-t and dividend acti Profits in 1930 amounted to $2.73, acainst $5.37 a share in 1929. The an- nual dividend rate was cut from $2.50 to $2 a shar . H Aluminum Co. of America, which has been subjacied to considersble organ- ized operations in recent sessions, largely | dus to a squeeze of th® shorts, opened off -10% points and -l 7}, more be- | . fore maeting support. Net in 1930 | amounted to $1.92 a share, against $11.18 a share in 1929. Arkansas Natural Gas turned heavy, though it reported the most successful year in its history, profits avallable for dividends in 1930 being $3,917,996; against $2,332,370 in 1929, Saxet Co., an oll and natural gas holding com- ml, rose fractionally as traders heard it the concern today signed a con- tract. taking over two oil-producing firms in South Texas. Thess acquisi- tions will give it a total of 10,000. bar- rels of ofl daily under the pro-ration restrictions. = United Gas, which buys about 32,000,000 cubic feet of gas daily from Saxet, also gained. 'd Manufacturing anced over a | n}nt as Auburn Auto over on the big staged another spectacular spurt. The Ford shares firmed. Rails lagged. JBONDS ON THE CURB DOMESTIC BONDS. Pow 41 '67 4 17 197 12% 2 T Am Equities. 1% Ath For Pow war. ... Am Founders. .. Am Gas & Elec ($1). Am Lt & Trae (2%), Am Maracatibo. Am Na'nralGas. . Am St Pu Sve(a1.60) Am Sunerncw (40¢). Am Utii&Gen (B)vte Am Ut&Gen cu pf (3) Am Yvette new wi. . Aprialachian Gas Apponaug Co (2) &returus Rad Tube. . Arkansas Nat Gas. Arksns Nat.Gas A.. Atk P& LBt (T).... Asso Gas & Blectrie. - Atias Utfl Corp.... Aute Voting Mach... Avistion Cp of Am Babeock & Wil (7). Bahia Corp. . Bahia Cory: p Bellanca Alreraft. Benefical IL (1%).. Slue Ridge Corp. Blue Ridge cv nf al. Boss Mfg Co (4).... 108 Bras Tr & Lt (b3%). 6 Bridgep Mach (25¢). Buft N&EP pf (1.60). Canada Marconi. Carib Syndicate. . Cent Pub SveA b10% Cent Stat El (b10%). Centrifug Pipe (60c) Chain Store Devel... 3 ORI R e O " 1S 14 9 ] ] 5 £ 5 3 Service (g30c) erv pf (8)... Clauds Neon Lts, Inc Clev El [llum (1.60) . Clev Tractor (80¢).. Colombia Syndicat Col Ol1 & Gas vte Cmwith Edison (3).. 1% Cmwlith & Sou war.. 8 Com Wat Sv (b6%). % Comstock Tunnel... % Consol Auto M 2% Consol Copper...... Contl Chicago Corp. . Cont Shares conv pf.276s a5 Suaw-Rons ) sinns 5 *45. ) By ) Ll S a g 25, -rr;"‘ 08SatEt . £ SHE T 58 flg’fiii ,;EE H Ll 5 ", FEEEENFE S s% 23 Ssddds i (W rd Corp..... Corp Sec Ch (b6%) Cosden Oil. ... Creole Petroleum 3 Cresson Consol (4¢). Cusi Mex Mining. ... L R el Lt {3 I388338823338382332) £33 SwRen = £ SesaeeEiisns: e 58 Tgsasaiitens 1usnIsneEs TEEF - Sa8a38 FFTEN Dubitier Cond & R Duquesne Gas Cp wi. et solloneB S ulonninnunnSleu LS e. 88558 T GRS BacsESenIe: S 00143 1 10 B O I D00 ElecB&Sheupfs.. Elec Pow Asso A (1) El Sharehold (b§%) i i =Ssaresny: & 28 & msgfiamaa‘ 228t et = 58 1% Fairehild Aviatio: Fedders Mfg Co A 21% Ford M Can A (1.20) 14% Ford Mot Ltd 38 35c. 1 &% - 29 :::&:i:s:flfli Bunoaumes FE R TEQO RR 4 L5 Foremost Dairy Pr. Fox Theater Cl A Gen Alloys... Gen Elec Ltd (p70¢). Gen Empire Cor (1) Gen Fireproof (2 Gen G&E ¢v pf B (6) Gen W WE&EEA(2). Gllbert (AC) pf $%.. Gien Alden Coal (4).. Golden Center. Gold Seal Elec new, Goldman Sach T C. . Gt At&Pac Tea nv(§) GrtA&PTof (T)... Guif Ollof Ps (134). Guardian Invest. ... Hamilton Gag rets. ., Hudson Bay M& S .. « Humble O (12%). 2% Hygrade Food Prod 11l Pow & Lt pf (8).. imp O1l of Can (80e) Indana Pipe Line (1) ins CoofNo Am 12%. o mea- i g;:s...._ 11 Fi53 M 28 23 o | TH 83 sog¥, - £55 553! f E, L3 z, -, Qy 4 &8 a1 »g 3 bl & EREFEIIE 552938 olsE ge0g! "% & o r'g. geeEensEeaSsesFE! O TS BEEE =55 - o o FEEy 38 Be g P & FuncionalBeatans g & 22aN 55 eSe 5! AR b =§zifasazy perp (1. Int Utilities A (3% Int Utllities B. 9 % 5% EE TS 45 10% hundred. the letter s.( odd Open. 21 NEW YORK CURB MARKET ~Prev 1931~ Hizh. Lew. 99 97 A% -share 10w 80s) (2508), Jota. High W 22% Memph Produc 45% 81, 1% Sentry 81" 8i Stuts Motor (war)... 2% Sunray Oll (5% )... 28% Bwitt&Co (2).. 6% Teck Hughes (60¢c).. 8% Tran Con Air Tran.. 6% Trans Lux DL P 3% Tubise Cantillon (B) Un Tobacco. Unit Car Fas Unit Chem pt ptf (3)w Unit Corp % 4 Unit Stores. .. toct and Dividend Rate. Int Util ptpf (7).. Interstate Equities. Kolster-Br (Am Sh). ¢ Lakey Foundry..... lseh Coal & Nav 1.20. Leonard O11. . Lion O1l & Refining. . Lone Star Gas n (88¢ Mesta Machine (2).. Met & Min [nc (1.20) Mexico Ohio Ofl. ... .. Mick ¥ Pr Co(b10%) Mid St Pet vic A. . Mid W Bt Ut (1%) Mid West Ut (b8%). Minne-Honey pf (6). Mo Kan P L ovte..... Mo Kan P L (b10%). Moh H P 18t pf (7).. Mohawk Mining (1). Mountain Prod (1).. Moss Gold Mines y Nat American Co. Nat Pow & Lt pf (6) Nat Pub 8v A (1.60). Nat Pub Sv B 12.20.. Nat 8 T Sec A (350c) New Jers Zino (13).. N X Tel pf (6%4).. Niag-Hud Pow (40c, Niag-Hud Pow A w.. Niag Bh Md (40¢)... % ‘Nfles-Bem-Pond (2). 1 Nipissing (30c). Noranda Mine: Nordon Corp Ltd.... Nor Am Aviat A war Nor Europ 0Gil Corp.. Nor St Pow A (8). Novadel Agene (4).. ©hto Copper..... Ollstocks Ltd A(40¢c) PacG&E 1stpf1% Pandem Ol1. Pantepec Ol Parker Rust o Pender DGr A (3%) Pennroad Corp (20c) Penn Wat & Pow (3) Plymouth Ofl (1 Premier Gold (12¢ Prudential Invest. Pub Utll Hold war Pub Util Hold Cp x Puget 8d P&L pf (5) Pure O1I pf (6)...... Ratobow Lum Pr B Rubberoid Co (4). & St Anthony Gold. ... 13% St Begis Paper (1).. 6% Salt Creek Pro(1.40). 6% Saxet Co........ 3% Seaboard Util (50c).. 4 Seg Lock & H (50c). 14 Selby Bhoe (1.40. 214 Relected Industri 44% Sle Ind prior (5%)... Ind full pd (6%). Bafety Cont.. 6% Seton Leather (1).... indoah Corp. 20 Shen Corp pf (a3)... 8% Sing Mfg Ltd (p22c). _ & Solar Refin! 26% BouthCEdpIB1%. SouthernNat Ga. . 13 Bpleg May Stern pf. . 300 Direct to The Star Office Bales— Add 00 Open. ..100s 97 3 % 2% 274 23% 1 N G Co (6ve) o 2 B i 00 1 00 e 80 1 0 8 00 N0 O e B = KRmenSne & oo H ) & I L L L L L LRy S 8 Roy Corp, S =T L T = ] o ing. . 31 ner A Ao HENa A s 199 Unit Verde Ext (3).. Univ Ins (1%)..... Util PALt(a11. Utility Equities..... 15 1 Vacuum (4). Van Camp Pki Vie Finan Corp! Walker (H) (1)....0 Pump. .. Mass Co(2%).. We Zonite Products (1).. 10 ™ 5 1 60% 6 13 RIGHTS—EXPIRE % Ford Mot Ltd.Apr 17 107 Dased L »Q, 3888288 2% 1] 9. 9% 0% 7 $3 . 100! NATURAL GAS USE i 10 16 4 % 104% Eon =i § 107 [3i0) 9% z 983 4 10214 fidr 1085 9970 i vy 332 ::;Eggg Suref 2 H L) Rapid Advance in Ten Years Noted—Line to District Outstanding Move. aB et annansuillacutBulibe. B pe MBssinarnnauuaeat o 208 s « P ot 2 :RE' N ~='=!§:1 3 28 g 3 5! 0 L Bpecial Dispatch the The Star. NEW YORK, April 4.—Consumption of natural gas in this country has reg- istered an increase of more than 130 per cent in the last 10 years, due to the discovery of large new reserves, with marked advan 50 -:75 3 ng: @ W > Bt % 74 5! ol F w0 FOWTE v g Bes88288835E SeS! an Bros 65 '41.. 98V ter Mill 614s Wes Tex Ut 5 A '57 iscon P&L 55 E '86 103 8 Wiseon PaL bs B 38 102 1Buen Alr Pr 7% 2 Cauca Valley 75 3 Cent Bk Co 5 B S has | 18a27; PPN Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., April 4—Pota- toes, white, 100 pounds, 1.35a2.00; new potatoes, barrel, 7.0080.00; sweet Dairy Market. Poultry, alive—Chickens, g, 308 sl Sk, g, 2 guines fowls, * 50a75; nearby , 32038 each, cases; receipts, ! ¢ 17156 firsts,”dosen, 21 current itter—Good to fancy = creamery, pound, 26a31; lndles. 22833; rolls, 168 ; process, 25 store packed, 16a17.. U. 8. TREASURY BALANCE. . | 4024 Butter — One-pound prints, 34a35; tub, 321,838%. Hennery, 21a22; alive—Turkeys, young, 30a32; ‘Winter chlck!:ln.‘ 30a3: current re- 5. Meats—Beef, 1315015%; veal, 13a15; lamb, 18a20; pork loins, 20; fresh hams, shoulders, 14; smoked hams, 20; smoked shoulders, 12; strip bacon, 21; lard, in bulk, 11; in pack- ages, 11%. Live stock—H medium and s roug] .00; lambs, 10.00813.00. u;f:nmmn,c.qfi?ru. 2583 . 10a15; oranges, ornia, ;:1;::‘. Florida, 4.0084.25; i 2.2583.00; honeydews, tina, 2.50a 75; grapes, Argentina, 4.50a5.00; pine- apples, 4.50; ms, 4.5026.00; apples, per bushel basket, 1.00a2.25; box stock, 11582.80; pears, 4.50; rhubarb, 5-pound Vq'ensl’;l. . Dotk " T80 d es — 9 - poun sacks, 2.65a2.75; Idaho bakers, 100- m sacks, 2.50; Florida, new, per 1, 3.00; sweets, per bushel, 1.25a 1.50; cabbage, new, per hamper, 1.25a 1.35; old, 100 pounds, 1.50; inach, ; kale, 1.00; cress, 1.25; caulifiower, 5.50; peas, crates, 5.25a5.50; 3.50; cucumbers, hot 2804315, Ieuce.” soebere, Z2803.25! cel 3 .50 ASparagus, 2 .50 broceol,: 4.6085.00. TREASURY CERTIFICATES. rted by 3. & W. 18, 1031 baskets, 3 dozen, beets, 3 15-32 174 total miles of country. 1, stockholders, . | president, said: 1 HUGE SUMS SPENT 10 IMPROVE ROADS i Pennsy’s President Explains Efforts to Overcome Business Slump. In his general remarks in his annual report to the Pennsylvania Rallroad Gen. W. W. Atterbury, « “Notwithstanding world-wide depres- sion, the railroads during the past year | have® actively endeavored to protect the country’s welfare against the un- wholesome effects of disturbed financial and business conditions by proceeding |ncuvely with programs of large capital expenditures to improve and expand their facilities and equipment, and to establish higher standards of service and safety. “These exependitures amounted to ap- proximately $900,000,000 in 1930, and for the eight years, ended 1930, in- volved the large sum of almost $7,000,~ 000,000. The net return to the rail- roads for 1930, however, was only about 3.4 per cent upon their investment in road and equipment, less than in any year since 1921, and contrasting with 5 per cent in 1929. “During this eight-year period the average return was approximately 4.4 rer cent per annum, which is far below he moderate return of 5% per cent fixed by the Interstate Commerce Com- mission for rate-making purposes under the provisions of the transportation act. ‘These low returns are clearly inadequate if the railroads are to have that sound basis of credit necessary to attract suffi- cient capital to enable them to con- tinue and expanding their plant and facilities. Railroad Service Kept Up. “The raflroads are among the largest customers of the industries, the mines and the farms, and occupy & most ime portant place in our social and economie structure, By extraordinary efforts, in the face of the keenest competition, they succeed in rendering the best transportation service the country has ever ‘enjoyed. “It is of paramount importance that the Nation and its industries receive the best and most economical forms of transportation. The railroads have no complaint as to any form of service that is a legitimate and natural economic development, but intelligent consideration of the rallroad situation should result in such legislation and regulatory relief as will assure them economic equality of opportunity to profitably engage in all ki | portation service by land, water or air. “The railroads are doing their part to meet the situation as it exists and will continue to do so with undimin- ished vigor and vision. They are the 1 | fundamental and basic transportation agencies of the country, and all other forms of commercial transportation on the highways, alrways and waterways should be co-ordinated with them to provide the maximum of service. Operation Expenses Cut. “The world-wide industrial depres- sion, with its large reduction in pro- duction and consumption and conse- quent unemployment, severely affecied the traffic and earnings of your com- pany. The downward trend in busi- ness became more pronounced as the year advanced, with no improvement at the close of 1930, and the financial results were in sharp contrast with preceding t those of the year. The oper- ations, however, were conducted with efficiency and economy, and substantial reductions were affected in operating expenses. “There is a vast difference in the extent to which operations of railroads and industries can be curtailed. In 7 | times of depression many industries can close unprofitable plants to reduce % | expenses to offset fully such a decline in revenues as was experienced during 1930 without detriment to the property and impairment of the service to the iblic, since the railroads are frequent- ly required to form service known to be unprofitable, and it is essentia} that the roadway, track, equipment and. other facilities be adequately main- tained, so that the flow of commerce may be uninterrupted when business again becom al. The n . propert) bas been so maintained and your rail- road is prepared to handle & large in- crease in traffic.” Operating Ratios Compared. ‘The report showed a return of 3.79 per cent on the investment in road and equipment of the Pennsylvania system in 1930. This is the lowest return earned on the railroad’s property investment since 1924. ‘The operating ratio of the Pennsyl- vania Railroad, which is the percentage of operating revenues re%uéred to pay operating expenses, has shown gressive ] through the eight years ended 1929, “While the ratio for 1930 is higher than in 1928 and 1929, it is lower than in any of the other seven years,” Gen. Atterbury sald. “This is rega: your management as a satisfactory ac- complishment in view of the unusual conditions Ahat prevailed during the | Eu: past year, “To 1illustrate the savings effected through reduced operatin this 10-year period, 1921-1930, largest gross operatin; your system were in 1 Tevenues.” —_— REVENUE FREIGHT LOADINGS INCREASE Gain of 7,680 Cars Over Preceding Week Shown by March 21 Report. Loading of revenue freight for the week ended on March 321 totaled 741,~ 942 cars, the car service division of the American Railway Association an- nounced today. This was an increase of 7,680 cars above the preceding week this year, but a reduction of 133,443 cars below the same week last year. It also was & re- duction of 220,458 cars below the cor- responding week in 1929, Miscellaneous freight loading for the week of March 21 totaled 283,778 cars, 176,302 cars under the same week in 1930 and 118,062 cars under the cor- responding week in 1929, Loading of merchandise less than carload lot freight amounted to 222,227 cars, a decrease of 29,218 cars below the éorresponding week last year and 41,188 cars below the same week two ¥ Goal “loading ted 127,971 a) amounted to . cars, an increase of 1,152 cars above the same week in 1930, but 8,519 cars un- der the same week in 1929. Forest lo products 33,963 cars, 24,437 cars the cor= w under the same week two Ore loading amounted to 5,016 cars, & reduction of 4,127 cars below the same week in 1930, and 5,970 cars below the same week in 1929, | Coke loading amounted to 7,995 cars, :lmnmn‘ a!‘nlei’m:u% m:n:ulgl. year cars under the same week in 1020, a pro- | hile Cop costs dun&: e INVESTMENT MARKET FACING TEST OF NEW U. S. FINANCING rpo.ra(tion Bonds May Be Affected by Co FINANCIAL. Floating of Government Issue in Near Future. L] BY CHARLES F. SPEARE. dpectal Dispatch to The Star. NEW YORK, April 4—At the begin- aing of the second quarter of the year, the corporation investment market i faced with even greater competition trom Government financing than during the previous threec months. Its immedi~ ate action is bound up“intimately with the requirements of the Treasury to cover the unexpectedly large deficit growing out of the falling off in income tax payments and in the demands for soldiers’ compensation. Domestic bonds during March _de- clined an average of over a point. They are off 1% points from the high level of January, and today are not much above the 10w average at the. beginning of the year. Where gains have occurred in issues of the legal type among the railroad and public utility obligations, the effect of these on average prices has been more than counterbalanced by the steady attrition among the sec- ondary grades, which have been more affected this year by earnings than in any other period since 1921, Junior Bonds. ‘There has been an uncommonly close relation between the movements of Junior corporation bonds and corpora- tlon common stocks. This has applied more particularly to railroad and in- dustrial fssues than to public utilities. Ordinarily bonds are influenced in their price movements by rates of “money land by technical market conditions, such an oversupply or scarcity. At the present time, when corporation profits are off over 40 per cent from those in 1929, and there is little evi- dence of improvement in sight, the status of bonds as well as common stocks is changing. It is not improbable that quite a number of railroad issues that are now legal for savings banks in New York State will lose this privilege within a ar, owing to the necessity for reduc- g dividends and faflure to show earn- ings that meet the requirements of the savings bank law. On the other hand, it is also anticipated that additional rubue uiility bond issues will join the legal class this year. This wil the investment of savings and trust funds in them in many of the Eastern States. | Since the 1st of January the total amount of ration and other bonds offered, exclusive of United States Gov- ernments, exceeds $1,500,000,000. Whi been dist , e suffi- cient supply to affect prices and to dis- courage purchases hefore syndicates are closed. A helpful feature of a number of the recent new issues has been the high g‘rfll‘flpflflm used to retire old loans, and t] fore not requiring new capital. Market for Paper. ‘The }unfl:efllve :‘-luu ‘nt oovernxm::v. aper, following the refunding of the arch loans, is absorbing the funds of banks and large corporations to an extent that they have withdrawn from the market for corporation loans. The ‘Treasury recognizes that the market for its paper lies mainly with financial in- stitutions, as there is nothing in the rate of return that would Amon:m th: A & great tradition that all Government . This they do regularly regard- less of the coupon rate. The Govern- ment deposit which they receive is sometimes profitable but not so at present. Consequently, wich the Treas- cial program to a deficit that mry be as much 2s $800,000,000 this year, it will be in the market for funds at fre- quent intervals in the next two months. The banks take this fact into account in considering their investment poli- cies. That they have already pur- chased liberally of the issues floated by the Government in the last 60 days is indicated in the statements bein blished of their condition on Marc! 5, in which a large majority of na- tional and State banks and trust com- nfes show an increage in their hold- R- of Government securities compared with those at the end of 1930. . (Copyright, 1931.) PUBLIC WORKS HELP IN TRADE RECOVERY Are Providing Benefits to Industry of Nation. By the Associated Press. Emergency construction relief meas- ures of the Federal Government are giving definite benefit to industry and employment, and show promise of re- sulting in a banner year for highway and public works activity. Such was the view expressed here by prominent builders, who said contract awards for highway construction during the first two mont:‘n‘n of 1931 were 70 any similar period on record. A. P. Greensfelder, president of the Associated General' Contractors of America, says this activity is only a prelude to that of the mext three or four months. “They have only started to award contracts on. projects involving the use of emergency and” Federal lpm ations, and the State fiubeennuthaflndbymm Tast months, Congress made available $558,326,854¢ for con- struction, :an increase of about 91 per cent over similar appropriations of the ‘previous session. Hea this list is $239,080,307 for Federal ald highways, which is 124 per cent greater than similar appropriations of the previous session. This is in ad- dition to the appropriations for forest roads and trails, forest highways, and roads over public lands, which were increased $9,- 278,372 to a total of $30,500,000. SHORT-TERM SECURITIES, (Reported by J. & W. Seligman & Oo.) A r. Allis-Chalmers Co, 5s 1937. 1% 1 Amerioan Tor &orer S iois: 0% 110 American Thread 5%s 1938 101 Baltimore & Ohlo 448 19 101% Batavian Pet. Cor Beil Tel 104 96: 02 103% 25eS58sy & 3 55 255 225! 5 Goody & R. 55 eigid Grand Trunk of Canada 6s 1636 55 1937 £ ¥ ork, Chi. & SI. ips Petroleum Co. Corp. 58 8583382285 nx FEFESEIFS Wheeling Wheeling Steel . AMERICAN MACHINE. Directors of the American Machine & E‘nunnrr Co. have ‘declared the regular quarterly dividend of 35 cents a share on the common stock, payable May 1 to stockholders of record April 17, 1931. eering _construction - contracts awi throughout the country in the first quarter totaled $663,083,000, & de- crease of 15 per cent from the first three mnf-l;: alt.I nln.fiu News-Record. Howevi of $247,346,000 showed February & substan ;un over the valuation 178,542,000, STOCK AND BOND Emergency Construction Projects Markets at a Glance By the Associated Press. NEW YORK, April 4 (/).—Stocks strong; Auburn Auto climbs over 20 points. Bonds firm; U: 8. Governments steady. Curb firm; small gains on cov- ering. Foreign exchanges steady; Span- ish pesetas sag. Cotton, holiday. Sugar, holiday. Coffee, holiday. | CHICAGO STOCK MARKET CHICAGO, April 4 —Following is the complete official list of transactions in stocks on the Chicago Stock Exchange | today: Y w. Close. 33 ET TS O i P 8580w SEE 3 S ER TR el ab e & 00! e 375 51 PR E SRS S R 3 R stcEuEy 5 £ 2% ) VEFEE N §s!x§§§: ‘Egsi §;=:.=:'.enr.=:==_.,- E &i 2 .. FERRE ¥ SRSRF P W T s ZEE ' 32 E g .. £ poCi uEgen, & % s, LEE, 88808, 00 EEoze = L 5t H i i 88823538 EEE:85 9! 82, o El i o i g5 0033 1 » * ol gegme s Ol S H 8332 << : 5 favorable trend of the of the year. Increased payments were by 28 and resumptions by 7. ile | ury now compelled to adjust its nnnn-l VEGETABLE PRICES ADVANCE SHARPLY Increased Values Due to Fall- « ing. Off of Receipts at Markets. The produce markets of early April were still feeling the effects of the cold, stormy weather which had reduced the ! receipts from some producing sections, | says the United States Depariment of Agriculture, Bureau of Agricultural Eco= nomics, Market News Service. These conditions also delayed the beginning of competition with the hew crops from the South. Hauling of produce to couns try shipping points was interrupted at the same time. Cooler weather tended to increase consuming demand. The result was a sharp rise during MarcR and early April, mounting to 30 to 40 cents per 100 pounds on potatoes, $1 t0 $3 per ton on cabbage and 30 to 40 cents per 100 pounds on onions, as com+ pared with the lowest points of recent weeks. Apples shared upward ten- dency to the extent of 10 to 30 cents per bushel on many varieties. Early this month prices rec a little from the highest of the month before, but gen= eral action of the market has been en- couraging to holders of Northern.pros duce. Prices are still below those of a Tl potatoes, the molales appeat to clally potatoes, the be no larger than at this m“lut season. b Potato Receipts Moderate. Shipments of potatoes have slowed down considerably, compared with the activity of late March. Conditions of roads interferred with haulings in Maine and Idaho, two of the heaviest shipping sections, and many shippers and grow- ers were inclined to id for prices. Loadings were mostly warehouse storage, and have been mov- ing forward at the rate of about 800 cars daily from all sources. Eastern o libs Cana.- ‘markets supplies moderate Gd?l and e Ilhd‘hlfl! tfllv;‘ - an_pota ve been a; m’ considerable quantity at New York, ton and Philadelphia. Maine Greem Mountains average slightly higher in Eastern markets, and follow & jobbing range of $2 to $2.50 per 100 pounds. New York round white vnrhnq’ sell at $1.85 $2.15 in four leading markeis. Chicago carlot market has re- ceded about 10 cents from the highest: P Tt e prices at coun! Ip] points, west to east, rai tK\am $1 per 100 pounds in the far West to $1.65 in Western New York. Prices at some shipping points in the Central West are- nearly s high as in Maine and New; York. Haulings are light at nearly al- points, on account of conditfon of roads. and because of tendency to hold for higher prices. Moast dealers in_the Rochester district are 'paying growers from 75 to 80 cents per bushel and, & few cases, as high as 85 cents for good stock. Individual reports fromt dealers who have visited producing dis- |tricts in this area indicate that holds: ings at present are lighter than at this time last year. Potato holders in North- ern Maine were pleased with the mane: ner in which the market rallied quickly- western held quite firmly at 90 cents to $1, mnmpw light and demand moderate. fons. Holders of carrots in Eastern «ducing sections find market_con 3 vug unsatisfactory, with light demand. and prices low. One dealer shipping & ‘Western New. voted 21 com| extras by 57,| vania stock tial Wby e On the other hand, 99 companies cut|of dividends anl 140 passed them. AVERAGES. By the Associated Press. SATURDAY, APRIL 4. STOCKS. under Tesponding week in 1930 and 34,433 | years mux;ofludmmmtd. t two weeks and now a