Evening Star Newspaper, April 15, 1931, Page 14

FINANCIAL, # NEW YORK STOCK EXCHANGE ||BONDS ARE FIRMER | [=rer wone BONDS ocxmaunn] (|, IS EXPECTED Rec by Private Wire Direct to The Star Offic~ Received by Private, Wire Direct to The Star Office. . S M Wy 421, Stand Ol Cal (h2%) 2: ks stock ana Bales— 9 9 Dividend Rate. Add 00. High. Low. . Close. 4 102% Stand Oil Exp pf (5). Neisner Bros........ 87 87 Tialy T8 1 r oo 4 1004 1004 | Lending of Money Abroad by (taly Pub Sv 78 '52. 96% 96% e Jnpanese 6365 9 95w 96 | American Investors Would Japanese 6% 4 105% 105% Jugosl Bank 7 81% i i it sy Aid Revival. Kan City Sou 68 ‘50 96'% Kan City Ter 43 '60. 95% 95 Pronkit ioslat - romdode b i il - Associated Press Financial Writer. et b R 2T o4 “| NEW YORK, April 15.—Most of the Kresge Found 6s 36 1024 international bankers willing to ven- Kreug & Toll 68 ‘59 93% 93% | ture a public expression of opinion on Lackaw St 5 . 4 104 the slippery question of recovery from 2 " Li1st43,s32-4 10 102 26 102 26 102 26 3 104% 104% 104% 3% 2 SR 14 Standon of Kan ()' 7 1% 1am| | itN High O e B e S g e S ; 41% Stand ONINJ (12)... 19 4% 42% v It i ar g orcaai Political Factors May Pre- o o s i Prime Issue. Hit New Highs. | S 3ax42547:" 3 101 29 101 25 10123 3 21 Stand Ofl N Y (1.60). 21% 4 - 2 N 'Y Central (6) ’ 3 21% Starrett (LS) (12%) 207, US3%s46-56. 1 10528 10528 10528 vent Advancement of N Y & Harlem (5). 3" Sterling SecA...... 1 4 : Junior Rail Group Is USdnarse... 2 107 26 10726 10728 Credit by France. . ; : Rt 3 e A Stronger. s e e - 37% Stone & Webster (3). }: , - 5 Ab & St 614843 ° OBY% 9BY N Y Investors. 614 Sterl Sec pf (1.20) 3 3 Norf & West pf (4) s 204 Studebaker (1.20)... X i North Am Aviation % 89% Sun Of1 (11) BY JOHN F. SINCLAIR. . . | g5, 2" Nor Am (b10% stk). 4 Sun OF1 DE (6). - -+ 120 Bpecial Dispatch to The Star. North Am Ed pf (6). Superheater (23) 2 NEW YORK, April 15.—Negotiations Northern Pacifio (5. 5 4 514 6 Y Superior Steel. . . 1 4n Paris for a French loan to Yugo- Northwest Tel (3).. ¥ %l 9 Tennessee Corp(50c) & 32 Ohto O1 (1) % 12 | Texas Corp (3)..... slavia; atmitlar to those France aiready Oliver Farm Equip.. 4 Tex Gulf Sulph (4). B4% BY F. H. RICHARDSON. Allegheny &5 44... 13 78 Special Dispatch to The Star. :“flfih"llv 58 9 Tfl;& e Alles Corp 5s 6 ¢ 6% NEW YORK, April 15.—Bonds had|Alles Corp o: : T a stronger tone today except in the| s g pgs 2030 9 8% 3 2714 foreign department, where liquidafion' Am1G Ch 3 100 5 o 514 455 | of Brazillan and other South Amer-|Am IntCps o has advanced to her allies in Eastern Oliv Farm Eq p1 pf.. 6 Texas Pac Land Tr.. 13 s 19 Sean liiie omtinued, Jiter-titea] DI SSNI %0 4L, 9 o3 Europe, Poland and Rumania. appar: 614 Omnibus Corp. ... .ur 5% 5 2 3% Thatcher Mfx (1.60). 4 Ps P Am N Gas 615842, 5 24% ently have reached an impasse on the 2 Oppenhelm Col (3).. < | 21 9 TheFalr (240)..... 6 201 Issues that have recently been extreme :m 2&"1”; [ ;; 9 103 114')':“.. tion of the old Ottoman debt. At Otis Elevator (2%).. 3 i 49 ‘ 5 Thermoid Co . ly weak made substantial recoveries.| AT Sux Ref 6s 31, 1o 108 Laclede b8 C '53. 101 it Vs Do, T 101% the world depression emphasize that Lautaro Nit 6866, 8 62 leadership should come from the Unit- Leh Valcv4s2003, 6 86 ed States. LehV cv 41452003, 12 SR Because of our enormous stock of Loew's 6s ex wa 9 97 monetary gold, which has reached the Long Is] db 53 '37 101 record total of more than $4,700,000,- Lig & Myers 68751, 106 000, it is pointed out that poorer na- Lig & Myers 78 '44. 1 l%;!fi 2 tions will look to us to supply their the new dismember rkis| ; : Taeww - : ' | new highs on a renewal of investmen 13 . 9 Pacific Lighting (3). 2 o “ . - Am T&T 6%s 43 slavia was held responsible for 51 per PRciNE Ml o e e : The big factor in this was that the fm (L 5%* Lo e G N oy us o s cent of this debt under the treaty Pack Mot Car (60¢). 2 g N Draneeraerata £19 gy v % 1y | Week so far has seen no large offer- | Argentine 5s 4 % Lor'llard 5%s ‘37 : 9615 investors must again be willing to lend of Lausanne. Shnce shs was not 7ep. 2% Panhandle P& R.... 2 . Transue & W (1) ] ings of new bonds to compete with out- [ Argentine 51 s : Lorillard 75 44 112 112 | money abroad. Revival of our foreign resented at the formulation of thal s Panhandle P & R pf. bbbt e S ias 3 5 i Argentine May '61. p 106 9 document, Yugoslavia has never ac- 65 P P Trico Prod (235). 3 3 3 E E standing issues. Banks, with a rapidly - : . trade depends on the abllity of other O I S Ation Avd s 1Kres ;nr:r;o‘:rllf r:..bm. 9 Tri-Cont Corp...... A 4 rising total of savings deposits, are!Arsentine6sJu 5 s 1 60 countries to take our goods, and the rtion of the Ottoman creditors are i bl S 3 ‘ 9 924 Tri-Cont Corp pf (6) 31 93% 93 again in the market for bonds of a|Arsentine6sOc E 105% 106% | money to pay for such purchases will ) e determined to col- Park Utah. . . . Truscon §tl (£1.20). g 9 legal description. As a result such|ATEentine 6sA'57, 10 94 McCormack 63 °34. . 101% | come in part from America—specifical- e e 2 9 Twin Clty RTr (§4). issues as' Atchison General 45 advanced | ATEentine 6x 8 768 o | MeKes & R 63850 79 |1y, the American bond market. The French government now wants R B oo A 2 Twin City RT pf (1) 10s 43 U 4 | strongly. res o e Manh Ry 1st 48 '90 . Bd% Gold Recelpts Hea er share of the e 3 Una-Ell-Fisher (5).. 9 The demand included American Tele- | 4 = . Market 8t 7 40 % 97 WA N A to's S g ; : it L B 2 1 A phone 55 and 5155, Baltimore & Ohio | ATChiSon gen 4395 o8 Marsellio 6834 106 | The United States has been receiving o o s‘}z‘:oo'fiwa "x';i'fii‘mg circles, Penney (J C) (2.40) s ”a]»&’,l;'(?, o 121 1216 | Brst 45 and 43 of 1935 Cansdian|Atchizcvéiisces,. Mich C. 101% | 80ld In almost a steady stream for con- T ne oiher Dand, feel that & po- e e . 58 5 Un Oil of Cal (2) p « | Pacific 4155 of 1960, Columbia Gas & | AL 1eey aean t AL k) 2 108 " | sidetaltly mors than & year, ah swer litical issue is being forced into & Gas Ch ¢ ¥ q 2 Un'Pacifie (10). . . 2 " Electric 5s, Great Northern 7s, Inland | A¢ Bef deb 58 47 ke B Milan 6%s ‘52 89 |a period of many months shipments purely financial question S Paotia &Banters 5 % 8 | Un TankCar (1.60).. 2 2 2 Steel 415 Laclede Gas 4145, New York v i g ikt d L s e . ?w‘-u:h:m?::;fyl '{;:n:xgx;mmu:uymhn“" S acts without delay Yugo- % S p 7 387 22% Unit Aircraft....... 135 3174 325 | Central 4'is and debenture 4s, New _ g s 4 M S . 4 o i 3 S il bo drawn It the orhit of b b 9 Unit Aireraft pf (3). X % 5 York Telephone 4155, North American | Austraiis oo o3 " 5 AL Lk R 754 | Beantion has sxisted In France, which the Austro-Germlg‘ "&““"“1‘: b'“fi‘n‘v 2 Phil Read C& 1 9 § 3% Unit Biscuit (2). . 4 a9 C;"‘ ;’: Pennsylvania 4!;s, Standard Oll | Austria 75 '43. .. 31”‘;(5223’,4“.’" e 3?;‘ voir ol"tihe p‘;:,:l:ur; ‘.'.‘nfi.'l?fl"fi?f mh. The latter combination cer 3 Phillips Petroleum. 9 9 A 3% Unit Biscuit pf (7). 9% | of ew York 4!2s and Youngstown w > sapping Prencfi] eoon:m)c nlcntfl:;lll;'h:'rl Pxerc::Arro" A(2).. § Unit Carbon........ 9 % 1 shxect & Tube 5s. 4 - ;: 5:;:’;,", 67 -4 :?M ":‘n:c:t‘ly;ldl:oz!vde!: stfi'rzemh‘:v:‘udbem' X:;y a way that will weaken, « Pierce Petrolm (10¢) 2 Unit Cigar . 4 t was noteworthy that New York ey - 4 i {) s political influence, but her economic | g7 pilisbury Flour 12). : Unit Cory (75c)....L. 164 230 244 2 Gentral 428 and Pennsylvania 41is : « 1625 | Mo Fec xon ta T6r. 27 |at paris had stopped i s iafiux conne Pirelli (A) (m3.13).. y rp b e two recently offered issues that b { . furove- '”;%?"J,‘:;"é;fi,‘t{x’é‘f i‘:‘g:‘;{" Pittsburgh Coal pf. o | 3 S0l o yston .- 2 2 21 Went to discounts when the syndicates 100s Mo Pac ba 11, b et 20000 ooo’“?;.,‘.’,“ ’:’,‘Ié‘“be:.’,“’ e ept several = 3 Pitts Screw (1.40). 3 2 3 Unit Electric Coal. .. 9 9 ¢ | were dissolved last week, have now re- b o rted, . the = o g g‘“:’,fi,‘"fi,f;‘flfii\ midand| 35 13 Pitts United Corp % 18 19 7 untt Fruit (). G0 6013 Covered virtually all the lost,_ground. sl AT Ll v o H oot e e protection, bul 5 - 9314 Pitts Unit Cp pf (7). 1108 5 9 a E nit G & Im (1.2 317 ‘The Pennsylvania 47;s sold today at a s b s g e ' Austro-German . e Port R Am Toh A 3% 2 % B ol AT TR 5 Junior railroad bonds were not traded | ;i of Chile 6% 561 1 315 | Mont Tr 15t 55 *41.. v | of the world's available gold supply oy sontroted defense, No wonder B uaCala e, pt 2 e Y 20 in laxge Yelume, b purchuses of small | Batav Pet4%3'42. 13 9 Montevideo 5 become the logical capital markets, and . rairie as 3 3 3 3% | s . 2 locks had wide effects on prices. Erie | Belgium 6s 55 2 104 y economists believe th h Moscow appears as elated as Paris Prairfe Pipe L (3) 3% 20% 22% U S Freight. 8 5 i | 55 of 1967, for instance, ran up over 2 | gl Ak O g o Nat Dairy 6% 101% | tack of he R G U 2 : 55 ; s , % 110% . 3 Iping financially weaker na- looks depressed over the possible defeat Pressed Steel Car U'S Gynsum (1.60).. 5 ints on sales of only four bonds. Erie | Beloium oot Sl NEnz T 1st68%z.. 11% | eions G Sloekaas ] - ! 4 pol sales of only four bonds. Erie | Belgium 7s 55, 114% 1147 . . tions get back on their economic feet. P a X e 8 L~ Ve ctional her, w! 08% 108% ¢\ lone mucl orei; ities Earnings. 4 4 US Leather. 4 9 |Prisco B 55 gained over a point. Chi- | Berlin Cy 51 s 360" ny before the T mack Uil U S Leather A 2 80 79 9 INYCgn3 7 break in the American bull ‘While utilities, especially electric tght . U8 Leather A. 214 12% | cago Great Western 4s advanced a point. | Beriin Cy 5 87% 87% et 5 |market. Aside from the Young plan 3 ’ 915 SPipe & F (2).... 3 2 3 ‘Another that showed fi e N Y Cen 45°98 ng pl d are maintaining their levels e i i LR 3 nother group that showed firmness | Beth Ste 103 T 4 loan tp Germany early last Summer ::mm- the country, even increasing | i uie TSR ). 25% 2 was the ofl bonds, especially Houston 3 261, 24 |» ; and a few short-term credits, the in- in some sections, those operating in the | %) % Punta Alegre Sugar 4 U S Rubber 15t pf. : o O IEn.. The compatlys’ semiings for ¢ 36 35 35 % g% | ‘ernational loan market has been fn a I o A rtheast industrial areas con- . 1930 showed a substantia] increase and | Bordeaux 6s°34. .. 30 103 105% 10 tupor. Smelt & Ref (1 2 3 vels Indicatin PureOfl....... 3 4 U8 1 1 |the interest on the funded debt was|Bos& Me G 100% 100 . Bankers, of course, fione :,-"h:.‘.::e o gfi:egrel;em mannface PureOfl pf (8) 308 S 3 B i QA 3 ’6'% | earned 5.61 times after depreciation, de- | Bos & Me 5s '67 100% 100 L awalting symptoms of ‘a revival, but z turing sceme. | The Philadelphia C 5 Purity Bakerics (4), 22 el s 9% | pletion and Federal taxes. The bonds|Brazil 63s 26, 531 531 | N some it scems that the turn may still with gross earnings 3.38 per cent below Radlo Corp. ... 210 3 7 1 8 Unfv Leaf Tob (3) .. 3 were offered last year at 97 and are | Brazil 6148 27, 5 4 be some distance ahead. Foreign dol- the previous year, as shown in the re- % Radio Corp B (5). 2 29 Univ Pic 15t pf (8) 0% | currently seliing on a 6.70 per cent yield | Brazil 7s. NY ELH&P 48 49 @ lar bonds listed here have recovered ap- cent annual report, is an example. ; Radio-Keith-Orph A. 69 2 2 4 UL PEL A (012.15). 10 265 basis. Erasiite 42 bt % preciably from the severe setbacks suf- The net earnings of this company, in RR Sec ICstkC (4). 8Us 45 5 St . g M . X Bremen 7s 99% 99% o9y | NY NH&H 335956, ’ fered in the Summer and Autumn of fact, show a decrease of 4.38 per cent. 4 18% Raybesios Man260. 7 o e DarD.. 6 1 Corporate Profits Bkiyn Man 6s'6s.. 3 102 “ 102 1 1930, when confidence was shaken by fact. e aio- Reading 1stpf (2).. 5 & i e /anadium Corp (3). 422 P o BKlyn Un 5845 6 110 b %|such events as the Hitler victory in e et um“m‘“,,‘ about $21.470,000. Real Silk Hos pf (7). 10s % | Roh ik 2 10 | By the Associated Press. Bkiyn Un Ist 55°50. 2 104% ¢ |Germany and political disturbances in These statistics are not, of course, symp- Remington-Rand. 3 X Bl i (_h:,:'fr’-' Lt A 1 X Cor{po;;gel pmx\u1 rcrtthe {nx;sz guar- :;:";fl’:j\r i it Thi% fa . ‘33% Latin ?meflu. Nevertheless, the atti- - eakness in the organiza- Y “ e ik i 5 i | ter of are almost certain to be | uenos A 6 . 7618 “ | tude of i inve toward foreign e ey e : Ya Elec & Pwr pf(6). 20a 107 | jower than for the last quarter of 1930, | BUff Gen El 414" 104% 108% | gbiigations 1 beliesed to na. storien % matter of fact, its stock, ] 0 " “ :ag:r dAs ‘unns for depreciation and o 4 Vulcan Det (4)......"30s 60% | which marked the bottom for recent|B & Pitt4is 83% 83 3 lukewarm to guarantee the success of 2 = loans to countries that most need help. s yment of dividends, stood at $2.55 a % 11% Reynolds Metals 0 _ Waldorf Sys (1%).. 3 23 2% | years. | Bush T Bldg 55 '60. 10 103 gm as compared with $2.51. k& Reynolds Tob A (3). Z 9% Walworth Co (1).... 12 & 9%| The forecast is based on the prevail- | Canada 55 107% 107 - Nord 633 °50. The Philadelphia Co. system is made Reynolds Tob B (3). 17 % -_B% 3y Ward Baking B 4. 3 E 5'z| Ing low volume of productivity, gen-'gun Nat4is ‘54, 10015 Norf South 65 ‘4 % 2 German Financing. up of four subsidiaries supplying light, Richfield Oi1 L 5 Ward Baking pf (7). 2 5 X 55 | erally, and failure of commodity prices|Can Nat 415857, 100% 100% 1003, | Nor & Wnevds 99 Germany's needs have been met al- heat and power. Since industry around Rio Grande Ofl, Y% Warner Bros Pict. . 6 : 11% | to show =igns of becoming stabilized. |Can Nat 43;s ‘68, 100%-100%.300% | & © Am Co 55°61 ) % t entirely by short-term 4 the Pittsburgh territory is diversified, o Rit Dent Mfg (23%).. 53 3 315 3 Warner Bros pf 2.85. 2 * 24%| Another factor is pared pay rolls, as C: £102%, ., 10255 102% | NOr Am Ed 58 5 Which "has reached a total of a billion the. earnings are not as low as they Rossia Insur (2 20), 3 4 Warner Quinlan 4 B Y 4| 340 reports of salary reductions during | C: July 1062 10614 10614 | NoT Am Ed 5% and a half dollars. it have been with plants located in Roy Dtch(m1.3404) . . Warren Bros (3).... 12 3 March were made to the Department of | Can Nat 5s Oct 6. 1061, 2065070614 | NOF O T & L 63 *47, 4 |advantage to consolidate this debt into districts identified more or less with a 4 38% Safeway Stores (5) 5 % | 494 41% War Biosevpf (3).. 90 5% | Labor. This was & gain of five over | CanNorGisdb'4s b5 1195 1194 119% | NOT Pac 3s 2047 e, @ long-term_borrowing. and it may well single industry. But some recession is Safe of (6). 5 32 Warren Fdy & P (2). 2 Y 2 January, which marked the previous|Can Nor 7s deb ‘40. 11215 1ivsg” 11214 | NOr Pac 48 9 - be that Cerman bonds will be among %o be expected as a reflex of general _ Safeway Strs pf (7). 1 £ 541 WessO&Snof (4).. 1 5 § [ record, and contrasts with only 26 for [ Can Pac deb 4 ; £8 .88 88 10 96 the first offered when this market is conditions In an industrial province. St Joseph Lead (1), 9 3 5 West Pa EI pf (6)... 50s the same month of 1930, Can Pac 5sctfs 44, 105% 105 “go5 | Nor Pacri6s2047, to resume the lending 2 9! 2 ready St Louis & San Fran. 4 3 West Pa El pf (7)... 50s 110% X N TR ST Can Pac 4345 '60. .. | Nor St Pw 5s A “41. which i Stock Holdings Adjusted. St L Ven st s0) West Pa Pow pf (6). 20s 111% * - 9890 8% | Kor St bw 68 B 41 7| which it did so extensively just after Car Clin & O 5s '38. 03 ‘war. Announcement that Tncorporated In- 3 St L Southwest pf. 5 5 g £ West Pa Pow pf (7). 20s 116% 5 TREASURY CERTIFICATES. |cCentor Ga ss ¢ l;:-‘};m"ux}m Lndoie Speibd 4 ' The Franco-Italian reconcilia has increased the value of its 3 Savacze Arms (2). 5 % 15 ) i el G L S 4 o) 1t of Ga 5155759, 91% g1s." 918, | NOrway 6s” hailed as a most constructive de BoNn1ts Ratel Blss . H 3% Western Md........ 13% ernt Pac 4s 96% 96% 96, | NOTWAY 6552 Y ‘8| ment, may mean, bankers say, that accommo- 3 ) Of A Scott Paper (11407, 30 . e : 3 Western Pacific pf.. 2 % St 933 |Cent Pacss‘60..." 25 1041 0. Ttaly will vestment trusts are gradually, thou Seaboard Afr Line. . % Western Union (8).. 1 25, 00 1 Cert-td deb 61 - 1“4’% 1‘4’3-. gf::P:L Ve . 13 1 dl"zm. ll: 'l:e’e’;{“lt!gt::"mg_u have with reluctance, getting back into Seab AlrLinepf.... 2 | P Nestinx AB12)...." § 3% 31y | = Ches Corp 5147 5 ", Orien been persi of realism. Incorporated Investors 4 Sears Roebuck 313 . % 4 Westing El&Mfg (4) 128 7% 76% 7T% 78% |1 4% 1933000 1o 100 333 |C&O 4354 03 1000 Orient dev 64 52 o'seel an toterngbons: o =] done the handsome thing getting Seneca Conper. ‘ esting E P (4).130« ; 101 15-32 17-32 | CB&Q Il av 3155 49 o1 g New York, but it is now res ly down to bedrock by first writing (;fln::l! Servel Ine. . 18 108 “'::::::;'é?f" L 2214 AR ot Eh'f‘i” 11dv 4349, Pac G & 11 65 '42. 3 regarded as fictitious value of its portfolio an n Sharon Steel Hoop. . 2 % Westvac hlor (2). 2 P 3 . ] Eas 111 5551, squaring matters by marking down its Sharp & Donme ‘ s | White Sewing Mach. Washington Stock Exchange|cni Gre west 4s 55 capitalization. The happy result is ap- Shattuck F G (+ 4 % 4 $ % Wilcox Oil & Gas.... 3 Y Chi M&StP 4138 E. X parent in an increase in stock value g wny.-mm.na 2 ; 5 " SALES. Chi M StP&P 55 75 2 9 o1, | Paris-Or 6% s’68. that, while not large, is bonafice. Shell Unfon Of1. ... % Willvs-Over pf (1) 3 “| Cap. Trac. 55 '47—$1,000 at 77%}, $1,000{ Chi M & St P adj 55 5 4 | Fathe Exch 73 °37. i R T AR erent trust companies are adopt- | <8 4 Shell Un O11 pf (5%) . wlllon &Co A 5 5 at 77%, $1,000 at 77%. Chi & NW gn 4s°87 7y, | Penn 4s 48 Sta RESTRIC'"ON IN 0' ing different means m forsaking the Shubert Theaters. .. 5 5 | o2 w"’;"ffi‘h ef = 33 3 Wash. Gas 6s '33—$500 at 102Y. C&Nwn 4158 ¢ 2037, ' Penna 4%s D I. forlorn hope of a bull market that wculd Stmmons Co ) " ¢ A0, a8 0 Cap. Traction—10 at 321z, 50 at 32!3,| Chi& NW con 435, 1; % enable them to stave off reorganization % Simms Petroleum T 0% s e Punp; 77 74 50 at 3215, Chi Rwys 58 ‘27 6 68 - PRODUC"ON URGED of their books until they had a chance Stnelair Con O1l (1) “ 4 rigley (Wm) (4).. 2 77 Unifon Trust Co.—10 at 210. ChiRI&Prf4s'3s 2 g % 00% 10 Icsses. The abandonment of . Skelly Ofl. . 4« Yale& Towne (2)... 2 24% 4 5 Lanston Monotype—1 at 105, 1 at 105.| ChI R Icv 43%s ‘60. 814 tude towas e acts will serve oss Sheffield Steel. 2 2’ 'oungs Spring 5 21% 2 8015, 10 at 80%. “hi Un St 55 "4 P % 104% . restore them, according to the funda- South Port Rico Sug. RIGHTS—FEXPIRE, Natl Mtge. & Inv. pfd.—10 at 47%. ChiUnSta"s B*63. 6 105% 105% Pere Mar 435 °30.. o tandard of New Jersey Suggests mental soundness of their various stock | 54 South Cal £d (2. % 4T A Carpel Corpe23 ot 317, 16 o8 24%. | C& Wind e % 02 1031 Peru 65 /60 o Lgreement to Stabilize Whole 2 s fie (6). 2 Peru 6s ‘61 Y ot b ilbing ' v T GBI BOMB Ry (Y. o York Exchange. D an Shilees o0, : 1% - 18 & : 200 N 3 4 4 | Phila Co 53°67 Teserves to guard the equity of stock- Spalding 18t vf (7). e b . 12:00 Noon........ 900000 AFTER CALL. L bt € 9% 788 A & raa b ¢ Industry. holders, as in_Great Britain; others Sparks Withing (1), 9 o sviiad 1""'0»“":1 el 1500000 |Wash. Gas 6s 33 A—$100 at 102, S 5 8% T84 | phillip Pet 6% ul . % i s As glven in the ahove table are the annual | Pot. Elec Pow. 5%:% ptd.—5 at 110. < - ) 3 215 J % gl‘u‘;e n?ksnnsunud“lfih’:?vmm et divic Soess prisivii ; A0, Payments based or: the latest quarterly or half Searly declara- | Wash. Gas10 at 124, 10 at 194, 20 at ChlG s s Bt g Pocesii gl . e v YORK, Apr 1 dend policies. Several have accepted a Stand Brands pf (7 - o gf Upit of trading less than 100 shares. :Partly extra. iPlus, 124 f Chri 68 2 v PCC&StL5sB.. . ;' April 15.—The Stand- decrease in earnings, or net asset values. Stand Comel Tob. ; E S et Tate b Pasii 1 Al M s P40 183 | Cap. Traction—5 at 3235 e 102 Poiand 65 *40 7os | 8rd Oll Co. of New Jersey, publicly But one and all have been brought to Stand G& E (334). 1% 5% | & Pavable in cash or stock { Plus 8% in stock. & Plus 8% in sty | WASh. Gas 6s A—$1,000 at 102%. Clev Term 4% 17 10 1080 1091 100 | Poland 7s *47 expressing itself for the first time on the the point where the coal bucket at the Stand Invest Corp. .. & 3 DPlus 27 iIn stock ) Plus 50c in ‘special preferred stock. k pius | Cap. Trac. 55 —$1,000 at 77%%. 3 > 3% 103% Poland 8s ‘50 i agitation before the last door'1s betng Take for use instead of % in stock m Paid this year-no regu n Plus 5% in stock. + A Cologne 6355 870 Pos Tel & C 58 53 o e Sk OF A8 Bt th o7 Rrap) = —— Bid and Asked Prices. 29 Colomb 0w hunting the pot of gold at the end of & ‘.gmg;h‘:;{;,g‘gu 7 0% 70%| Prussia 6 1 sugg« producers agree to dubious rainbow. CORPORATION Is avallable for common stock in first| POWER OUTPUT DECLINES BONDS. Colon O1l 65 28, 67- - gy |CUCANSIREe] A States ahd the Latin oin She United Schwab Wins Fight. quarter; company currently operating at | PUBLIC UTILITY. Colo & Spu 434535, 17 1013 ducing countries on a oiing Charles M. Schwab emerged victori- 50 per cent of capacity. AS GAS SALES INCREASE : oww.. O e . 3is 9031 93y In a discussion of this agitation ous After » Yiolent Dght Over bomiuses &6 REPORTS Best & Co.—Sales since beginning of e 2 S‘;Lfi‘rf;efii\{;‘x 2 7 100 officls] publication, ~Tha¥) :':mp_.."'",: PLANIN JEOPARDY — e e nime oo ooz | INDETTERMARKET) mmeeeses } T E B TOLEAD RECOVERY | 3 stockholders’ meeting on Tuesday s _ | Spectal Dispatch to The Star. Anacostia & Pof. R. R.’5: . s g 98 Queenland 7s *41 com es solut afternoon, 72 per cent of the proxies fiscal year repcried ahead of 1930 pe- | "BALTIMORE, April 15—Electrical | Ancosiin & b el L 39% Bat 1t e f | & P. Tel. ConGN Y6l 0 106" Read gn 4% A 97, Y S0 that it may be removed as a source voting for the management. This may riod power output for Industrial purposes by | G [ o o s 106% ; of dissension among domestio produe nct prove to be the triumph it seems, | | TRENDS AND PROSPECTS OF International Hydroslectric 1930 com- | the Consolidated Gas, Electrie Light & | Sl &, Suburoan 55 Pl e L S s Who are endeavoring to stabilise the in: however, as the battle is due to be con- | | LEADING ORGANIZATIONS g Georgetown Gas 1st 55... 110 Con Pow Japan 7s.. 3 1007, 0% " mon share earnings $4.17; earned $2.42 | Power Co. of Baltim, Sotomac Elec. cons: 8% ...1 1. Copenbag 6% 5 100% 100% i tinued in the courts. : : ore during March L Cub el t Standard's proposal is “that equi But this preliminary skirmish ‘had in period April 1 to December 31, 1929. | registered a decline, as compared with | Washe Alex. & Mt. Ver. € 2 Sl LD 73 % TU%| Rich Ofl cal 6844, . between' the U 1% LBat equities \ Cuba Nor 5%s '42 4 United States and South plenty of action and color. The ruler of | NEW YORK, April 15—The follow- | Mavis Bottling Co. of America holders | March, 1930, while gas output for the | Washineton ‘Gas 4 3 i = | Rlode Jan 6%s '52. American pmducxn be adjusted by es- the Bethlehem Steel Co. was scorched | ing is a summary of important corpora- | of old conmon stock of record March | 1 . Washington Gas 5s............ 105 Denmark 48 '62. ., 6% 9614 4| Rio de Jan 8s '46 tablishing a percentage ratio between with invective from a woman stock-|yon news prepared by the Standard |31, 8re given right to purchase new ' S3Me Purpose showed a very substan-|wash. Gas 6s. series : Denmatk Bl 55.. 1 101% R Gr De Sulfs '46.. the two areas. This was attempted by holder, but preserved his Olympian g a y class A stock at $4.50 a share in ratio | tial increase, accordimg tofigures just; Wash. Gns 65 sexies B. . D& RG W bs ‘55 69% 6 Rlo Gr W elt 45 '49. % ¢|the Holmes Committee in the early charged with wasting the stoc] sscctal ess: ennsylvania s ers 0| e st £ i 3 et £ . 3% 103 xs Production both in = Northers s ot Gt st Wamss ot Dt ©51 . Tn opite ot o Hsbemmie wndscounibn | Endiie Gt ¥0o sy tusniah the Bethiehem Steel Co. and the Bal- (D’ G- Paper Mie. 6s. el Deutsche Bk 0s StL&sEn ‘e 17 z;: 6% 1!‘1’:1 1:‘ tgeu §roup exporting ol and the talk it over, che replied: “No thanks, T of optimism over the immediate outlook | PIPE for new Panhandie-Fort Worth gas | Sc' CoPPer Smelting & Rolling Co. | Wash. Mei, Cold Sigrase 600 88 555 DoneE elavuy:. 10 go S LESFpristnB. 10 88% 80 873 | level - Thas i heid down fa can see enough of you from here! for steel in evidence last week, based on | in¢ of Shamrock Natural Gas Co. {last o, oot DR w CKS bt LS TR StL&SFgn6s'3l. 1 100% 100% 100% | the part of the American petroleum The bonus issue will be decided finally | Scott Paper March quarter common | o \arch, 1030, 4 decrease of § 98 oo STO! . IESETANL, SULSWev4s'3z.. 30 997 99% 99% | industry.” by law and precedent. Its too important | expected orders and on the unfilled | share earnings $1.63, against $1.57. [resint. i ' aa o0 B PUBLIC UTILITY. East C Sug 7s '37 ki 3 3 StLSWist4s'83. 5 8 83 83 To make such a plan effective, Stan- to be decided in a rush. business report of the United States| Tri-Continental Corporation | " Sales of gas last month f Amer. Tel. & Tel. (9)..........*18] . e 151 con 43 '96., 2 StLSW5s'h 2 82 2 | dard suggests that Congress i (Copyright. 1931 by the North American | Steel C tion, activity for the in- |holders authorize increase preferred Al month for industrial | 25 T Sudn oo, 1) : Sl o1 o1 g might em- PYHERt Newspaper "Altiance.) iy R whals 1 tne it e I | Bk o 1000,000 shaves from 400,000 | nd, commercial purposes totaled ‘298, MGas Lt. Co. 13} i e e Lt power the President to invoke a tariff it s s oIl b B o i o0 4:000.000 foom 6,000 - | 357,200 cubic feet, compared with 286.- | N. & W Steamboat (12):.:0 185 B syte 7 SanA & AP4s'43.. 5% 95% 95%|on ofl imports in the event that the 5 ” Teporiad by £é Tron Ape 4o have de- | and commont (014,990,000 "1ron 18,900,- 767700 cubte Teet, in ‘thelike mionth & Eot. Eleé. Power 67 p{d.[l1l! | rie 58 76... v 73y 4| 5a0 Pau 140 reus. 23 s 7o | agreed-upon percentage is not main- oo b o et 53 par cent, domtinaiog & stiady decine | Western Union Telegraph March | V63T 880. making an increase of 4.03 | heiinis "V om P s oo | Flat Tmex b Al Seo Palos 20 56% 5ot | e i, Polnts out that since the J‘;Hmfibrf;‘ R MicDentt, who ukmed | L "over three. weeks duration. The | quarter common share earnings $1.25, | P For the first three months of this] :fl;;,,‘;': B':..K Fintand 8% 56: 9 : Saxon Pu W 6351 6 e y&rfi?fimfl?fifim’?fifinflmfl“ udge Ha! 5 e composite price of heavy melting steel | against $1.77. year _industrial i? 5 Finiand 7s 50 F 4 | Saxon 7s'45. in production is m: Teceivers last Baturday to take over | Soml ‘Willia R. C) & Co—17% cents power sales totaled | capital (14)........ . 218 A sl 2 12 12 n is made here could prop- o T | scrap computed by the Iron Age, which ms (R. C. 4 103,671,838 kilowatt = | esn s 2 | Fia 15 Coast os 7., 207, 2 3 erly be appli the Thiadelphia Rapid Transit Co. be-| 5ttan rises in advance of increased steel quarterly dividend; pald 35 cents pre- | wich 114,562,536 ety s oed : £i8 | Fona J8G 41 : Seab A L adj 0 e e R e | se of alleged misman ent on the | 2 2 3 3 e e | first quarter’ of 1930, while output of | DTSt Bh - pi gy (451 1:: Fram 1D 1% L7 108 Seab A L ev K + ‘2| The company indicates the agitation | rty (75)... > e | ill_activity, is reported to have fallen y. ¥ part of Mitien Management, Inc. which | {04, 0%53" (1 "lowest, since 1915, Erle Railroad president states net | jpo. dUarter btk H Sea All Fla 6% = > 3 . - - e 4 T e o e AN | Revenue freight car loadings for the income in March will more than offset | 15 0g o i f,‘,’;“,"":;fi‘,’,‘,‘g'g-,!,",,:,’g;b {'M;ncoln LR 00 French Gvi 7348 41 75 125% 209, | Serbe-Cr-Si 78 8% i, ] flo?&'é“'“‘.a?,'.‘.“.‘&m“é: ¢ | weei P g of first two g | ,047,300. | L1 c ; : sald the receivers would not undertake | Week cnded April 4 l{f;":‘:‘.’""“::r"n“ Toen & IESart Daking—meportes| " 2 SN 1 Gelsenicchen 63 34 945 9 o | Sheil Un Ot 549 : , 7814 | Production to consumptive requirements, Yoo endeqs Unul court proceedings 'ip.wock before, due in’large part to | lanning additional fnancing tnrcush | Canadian Candy Consumption. : Gon Baking fnacio 1 sb? 8. 8 Shinyeun Elseit, X e . | = ferred stock. adried . . the observance of Good Friday. This | preferre By the Ass s. NY, 3 f TATO % The court made this announcement | (e owervente of Good T e | s Papks & Bower; 1980, P sndinn s 4, TR COMPAMY s | Gom Motors & 10415 i 7 98 98 MARKET, Koy ier o conference with the re- | bt scoul" Ghop” 1 thin week: | 81 Breltted thare earbings, $4.58 sgmint |, COnAdADS ent more candy an uhe | Amer, S £, €0 09 GenPsvoyan. 1 g ! 12 0 | omicAGo, Apt 15 o (Unitea . | | ; , <idents At Bavings & st (37 : Ben O § o Asriculture). “While it would be legally possible Which fact gives & favorable cast to the | #4380\ b 0\ 1030 common share | States. © et o i § | Gen Th £q 6 40 i ; Potatoes—Recelpts, 106 cars; on track, Sor: the receivers’ {o {ake over=fnal [RGGMIIE U sl ot e y Canada's per capita.candy consump- | U s ; German 36 % | Sou Bel TRT 63 '41. 6 105% 105% 105% [ 268 cars; total United States shipments, will await the appeal to be filed by the | output for lzh% wetel; eandigprr‘gvl;i. - :lu;l!ns vmg{ o anle of securitics and |SHOWINg a steady gain through the two Bask of Belhasds 80 85 | Ger Cen Bk 6560 0 83 4 821 | Sou Pac ref 32 95% 95% consin round whites, 1.45a1.55; un- transit interests before holding meet- | ported yesterday, is nct imp Y | < Mg fe ot preceding years, against 12.98 pounds | BomSesimeon 50 1 250 German 75 rep ‘49. . : 68... 4 95 9% graded, 30 ings or filing the $1,000,000 bond re- | additional data showing an increase. of | Prgperties in both vears. rter common | fOF_the United States. Potomac (10). . ... Ger Gen El 7s '45. .. .14 95% 95% quired of them.” | gasoline stocks at the week end of i “inl;nfl 0:“ u:;“: against 83 |, Canadas average for 1920 falls be- | Security Sav (‘x(i‘?:" 590 | Goodrien cv 6s'45. 3 AT A : | nearly 700,000 barrels over the week 'share 8! , g | tween those recorded for that year for | Unived States (30 . .. .. " 83 Goody'r Rub b8 '57. 1 0% before. Gas and fuel ofl stocks also | cents. the two Northern border States of Min- | Washington Mechanics’ (30i... 50 [ GrandTr sf db 6s'36 7% 7 107% 107% AUTO SALES IN MARCH increased | pioackard Motor Car flrst quarter CON- pesota and Washington. Most of th } Grt Nor 4%s 16 D. 16 ; 104" 104 g { "In the corpcration news two 1930 re- | mon share earnings estimated 5 cents. | oriol® NI WASHIgton. Most of the TN INSHRAHOR: Grt Nor 415517 E 6 3 109% 108% NEW YORIC. April 15 (P).—March| ot show some improvement over the | Strauss (Nathan) Inc. 91 stores in|gierice “for the United. States s . | American (2).. 1 Grt Nor 58 73..... . 103% 108% Teturns from 21 States show that, the | our” Teore, - those of - International | operation March 31 agalrist 93 year ago. | {85 JOF, Uhe United, States as a Cororan (o) " 9 Grt Nor gen 7836, 5 11 - 99 98% aumobgehfidutfihe?‘\:s wroc(e l:nr | Paper and Power and of Scott Paper, swdeh-k;: Corporazlon n{is:; t}u:rlfl_’ ern States were below it National Union (18). 2 Greek 63 '63. 3 Sweden 5% '64 104% 104% Sales, High. Low. Close. registere mo 4 per cent as .n_mugh the former still reports March | common share earnings estimated 15| ™ pece circumstances are viewed as TITLE INSURANCE. Hate 6a8a. ... 96% vy 107% 107% 7.. 8 9% 79 19 many cars as in the corresponding | cents, quarter results somewhat below last | supporting the belief candy, composed |Columbta (6h Hoe & Co6%s '34.. 3 63 A 01% 101% 101% | Vert Sug 1st 7s *42. 2 month of 1930. |Jear. The much-contested Bethlehem | Superior Oil Corporation 1930 deficit | 00 & Co 6% Tex & Ark 5% 1 % 3 2 :§ :3 :.7. ) | largely of sugar-producing ' heat and |Real Estate (6h) *57. % % | Vi ¥ 1930. Two titled at least 90 per cent or | PATentiy received support from the wer | e ng 1, "'y Spring & Wire March | the colder regions. arver & Ross, Inc, com., 2 |HumO&RE%s 63l 1 1024 1023 “*IV-Kym 58°62.... 41 105% 105 105 more and 10 compenies registered at |J° ; | quarter common share earnings, 56 = ey Col. 8 IMBTIistptssA.. 2 107 106% Wabash43%5°78... 28 674 664 661 Jeast 70 per cent or better last month | 0 pending court review. cents, against $1.25. | FREIGHT LOADINGS DROP. e e A (3 30 111 Cent ref 43 55 87 87 * el 11 103% “th‘:}p“ed :nh a t};'»uv.l; 2g0. s ‘The Companies. Col e Ci(ll;n era-n q::t"“ eomm:; : By this Asosiated Press. Fe B 1 ‘o arch registrations, ex Chicago, Burlington & Quincy Rail-| mon share earnings, 64 cents, agal of Ford, were 44671 cars. Including | oqq expecta) to make early sppiication | 76 cents. Observance of Good Friday caused a | Fed.-Am. it ‘ord, registrations were 63,635 cars. | {87 GPET 0 Gnroval of Gulf, Mcbile | Associated Telephone Utilities 1930 | decline of 11,568 cars in total loadings | Mer. 7. 4 100 |1 COSIL&N 63 A.. T 5 & Northern control; holds about 26 per t‘:fl;mn share earnings, $201, against | of revenue freight during the week | MeryoLs, & 5 o, 3 Intana simais i d common shares o_e. ended April 4 as compared with the |Nat &2 3 eel Scrap Prices Reduced, | cent of preferred an rmont Public Service pre- e | Blopies Drue 8. pa 102" 103 | int Rap Tr — The I Richficld O of California "Speclal | 1 Srea share carnings, 15 montns (o | previous period. The loadings, for com.- | Keat Fet B & 0. pi b ol Sl A o | S o pe ber 31, $20.34. parable weeks, as tabulated by the (%R SR Comsi 0 '8 '3 |int RapTr 93% 64 ? 94%4 - e gl ed fo $10.83, the : bsidia Virginis: Public Service 1930 combined | American Rallway Association, follow: | 1he cursel Corp. 1380, 2% | Int Cement 6 94% 9 94%|Un Pac gt RT0%, 1004 1104 1104 steel scrap has declined to_$10.83, Swedish Match Corporation sul Ty, $22.31 e 728,511 cars | W. Mech Mige. com. (6), -- | Int & Gr Nor 6s°62. 17 85 8% 85 «Unit Dga 5 40% 404 lowest level since 1915. Pig iron it German Match, defers dividend ordinar- | Breferred share earnings, $22.31, aga 4 740,079 cars | Wash, Med. Bids, Corp. (7 |intaa Nades 62, 22 68 b8 <Ing § 8 W& LE rf 43866 9515 95 unc! at $15.79 a gross ton and|{ly payable at this time. AL 908,059 cars | Woodward & Lothron pfd. (1) g nt Hydro E16s'44. 10 89 88% 89 S R® 2 Wi-Ov 1st 6348 '33 . 99 99 steel remains at 2.128 cents a .,,fi',"",‘.‘”"" %t,nl-mlu plan_appar- itty e r it Ackfine iEx idend. el extra Int Maich 63 47.., 15 g’a« 92% a . B Wil & Co 1st 68 '41. 100% 100% u . tified by stockholders; manage- kilowaf lectri IntMCobsret'4l. 31 96% 96% REes 18 04 Wis Cen gn 45 56 56 . ment announced that it held proxies | equivalent to 67 horsepowgr, more than| There l'"( 1!:‘ specles a!mmleh.eo(bfi; B wan: . 0 Int MM col tr 68°41 7 83': 83 P & L 5 44, W' b anidaan 6 ml‘l;kmluu is historically tw&st w "c’."'.&"‘.“ % %n}oflw of autom engines de- | 'v?c.nl*‘ltd. all of them found fioc extra IntPapbsA‘4l..., 2 74 78% Ughl Pow 5559 ww. 2 Ygstn Sn&T 6s A & H esiden small 3 % . 14 89 88y 5 100% 100% 1 109% 109%