Evening Star Newspaper, April 15, 1931, Page 15

IN CURB TRADING Market Displays Irregular Trend—Utilities Lower With Genera_l List. BY JOHN A. CRONE. Bpecial Dispatch to The Star. NEW YORK, April 15.—After open- ing lower, prices on the Curb Exchange today firmed and then receded again around mid-day. The market, however, showed little uniformity in group trends, specific news frequently causing activity and fluctuations in individual issues of classifications that lagged. In the public utility list Electric Bond & Share got down about a point. American & Forelgn Power warrants most of the time showed & loss o{m more was little changed and comparatively Payment of an_extra dividend of $5 on Pittsburgh & Lake Erie was rreebed with an immediate rise cf 4% points in that issue. Boston & Albany Rail- road ran up 3% points to & new high for the year. These moves failed to influence rail holding companies or rail investment trusts. Amusement and radios were among the first of the miscellaneous groups to react. Fox Theaters A broke to a new low for the year. General Theaters, preferred behaved similarly. De Forest was the first of the radios to meet & M Pilot Radio & Tube, Arcturus Radlo, both of which repon‘.ed poor earnings for 1930; Cable Radio & Tube, and other radio makers reacted. Northwestern Yeast, after its recent m.ciu:nhr spurt, encountered some t-taking. Aluminum Co. of Amer- continued its usual wide swings. fly Car Heating & Lighting receded from its record high price. Swift Inter- national was a feature of the packing list, down 1% points. Afterward the issues softened under the leader- muumudsuwsmtrylnoflmm-e 2 points. In the food specialties Ilud-lghnmn met "h.lulm s Pipe lines were ly irregular. Eu- reka and National receded as New York Transit rose. Dresser Manu- facturing A ped a point. Crocker- ‘Wheeler was inclined to heaviness. Receivership Asked. LOS ANGELES, April 15 (). — Van Camp Products Co., a Virginia tion, filed a petition in Mfl% yesterda a y for the appointment receiver in equity of the Clarence Blun- ders Stores of Southern California, Inc. ‘The Van Camp company claimed the stores owed it $3,202.74, and asked a recelver be appointed to conserve the store’s assets. o e SRR SN CHICAGO LIVE STOCK MARKET o SHICACO, 15 (P) (United ture) — % direct; up t of Agricul Receipts, 14,000 head, including active; steady to 10 high- 5 ; o i ety - i - FEE £ W . R 908 W SR F R ARSRSR f SRR 2] il s ot e - 80~ iy WEER FEEEEE & EELRCEELERE R TSI TR TR e R L T PRL L R BESSES 999988 Con isssis - 5 2 01l 2100 Srsrrmsrsmmrtines B oviasrsBunt 5al® S8 68 ¥ TR A S SE PEEREE BB P e At Se 223 EPOERRTR w O oo gaf®>E . Ef 5 3 2 [ EE 2gedd s285e Byt B 3, opfeo! ER e ¥ e i 8! B - FEESF Fegt o8 S| 23, i 22382388 55 E 3 1 E3 r-"'- KEEi T R 'Y, LA 00, =% ,,:?.:z 3 R 3 3, R NN o o) g3 asann o 12 XL AR e PRiE i s > -4, Ton. FESIE E EeSte 153 SREEFERREE IS T ¢ 2335 S . 2! 8 & & e=psiisgetiesiagaisasaeanssy GG <<god; 555 (35 £ 8 A R S ! o BRRE2Ra2828 2209228235282 388328822 53 g %t 5 &3 T 32 VR ¥ S oiey ~ 4858 232822388! = P Note—All nmmn& 'mmonmmamw ~Prev. 1931~ bmunl l.u. 4% Acetol Prod A...... 9 Aero Supply Mfg(A) 3 Aero Supply B.. 6% Aero Underwrite: 22% 11% Atfiliated Prod 1.60.. 19% 15 AgRfa Ansco......... 13 8 Ainsworth Mfg (1).. 5% 4% Allled Mills (60c). .. 29 24% Allied Prodcv A 3%. 224 60 28% Alum Ltd A war. 6 5 Am Capital B. 10 5% Am Cit P&L B b10%. 17 11% Am Com P A (b10%) 315 Am Founders. 97% 70% Am Gas & Elec 7% 4% Am Invest. Inc (B) 19%° 9% Am Superpow (40c). 99 81% Am Superp 1st (6).. 80% 28 Am Ut&Gen cu pf(3) 5 8% Am Utll&Gen (B)vte € 1 Am Yvette new wi.. 8% 5 Appalachian Gas 72% B4 Apponaug Co (2) 10 4% Arcturus Rad Tube.. 6% 54 Arkans NatGasA.. 32 26% 20 Armstrong Cork (1).150s 23% 17% Asso Gas&El A (a2). 20 1 % Assoc G & El war. 3 % Assoc Rayon.... 69!& 56 Asso Ray pf cod(6). 214 Auto Voting Mach... 814 Auto Vot M cv pf pt.. 17% Aviation Cp of Am.. 1% Bahia Corp...... 19 16% Beneficial IL (1%).. 6% 3% Slue Ridge Corp. 38% 30% Blue Ridge cv pf 80 74 Bohack (HC) (4)... 96% 88% Borg-War cum pf(7) 177% 175% Bos & Albany (8%). 17% 11% Bower Roll Bear (1). 28% 21 BrazTr& Lt (b8%). 2% 1% Bridgep Mach (25¢). 11% Brit Am Oi1 C (80c).. 26% Buff N&EP pf (1.60). 98% Buf N&EP 1st (5). ‘% Burco Inc wai % Cable Radio T v! 1% Canada Marcont. % Carib Syndicats 17% Cent Hud G&E 15 Cent Pub Sv Del. 14 Cent Pub SveA bl 9 Cent Stat El (b10%) 1 Chain Store Devel. 16 30% 2% 6% Clauds Neon Lits 48 Clev El Illum (1. 7% Clev Tractor (80c) Cr Cork Int A (1) Dayton Alr & En, Dresser Mfg B (2). Dugquesne Gas Cp Durant Motor: 5% Magle Picher Lead. 3“ C% East Util Assoccv.. Etsler Electric Corp. Elec Bond & Sh (b6) 89% Elec B& Shcupf5.. Elec B & 8h pf (6).. Elec Pow Asso A (1) Elec P & Lt op war.. El Sharehold (b6%). El Shareh pf (a6%).. Emp Reinsur (11.60) Eureka Pipe L (4 97 Ex-cello Air & Tool. Fandango Corp. . Federat Cap pf (1%) Federated Metals (1. 3% Fischman & Sons Florida P & L pf (7). Foltis Fischer Corp.. Food Machinery 1% 21% Ford M Can A (1.20) 14% Ford Mot Ltd 36 3-be % Foremost Dairy Pr. 4% Fox Theater Cl A. 5% Gen Aviation. 1 Gen Cable wai 10% Gen Elee Ltd (p70¢). 23% Gen Fireproof (2). 504 Gen G&E cv pf B (6) 100, 21% Gen Petroleum. ..... 21% Gen The Xq cv pf(3). 96 Georgia Pow pf (6) 4% Gerrard (SA) Co. 38% Glen Algen Coul (4)... 1 Goldman S8ach TC.. 25 Gt At&Pac Tea nv($) 20s GrtA&PTpt (7)., 08 Guif Oflof Pa (1%). 13 Hamiiton Gasrets... 4 % Happiness Candy Hollinger Gold(85c). HudsonBay M&S.. 2 Humble O} (12%).. 24 % I11 Pow & Lt pf (6)..100s imp O1l of Can (50c) 20 Imp O Canreg (50c). 2 Ind Ter fllu Of1 A. 2 Insull Inv (b6% ) 1 Intercoast Trade (1) 1 Intercontinent Petn. 7 Int Hydro ev pf 3%. 100s Int Petroleum (1)... 35 Int Saf Raz B (12%). 3 Int Superp (+1.10). .. Int Textbook (2.25). 100- Int Utilities B. Int Util pt pf (7) Interstate Equities Inter Equ conv pf(3) Int Utilities war..... Iron Cap Copper..... Irving Air Chute (1) Italian Superpow A.. Italian Superp war. Kolster-Br (Am Sh). Lefcourt Real pf (3) Leh Coal & Nav 1.20 nard Of1. Lone Star Gas Long Isld Lt pf (7) Louisiana Lan & Ex. 20 5 25 19% 112% 106% 1% in one hundred-share lots by the letter 8 (80s) (2508), Id in odd lota. 1 140% Aluminum Co of Am 2050.160: THE EVENING STAR, WASHINGTON, D. C, KET ana Bales— Dividend Rate. Add 00. Open. Ludlow Mf Assoc 10. 10s 108 MacM: Memph Mid W Mid Ro; Moss G Mounta Nat Bd New Jei Nordon Nor Eu: Pacific Parker Peop L. Piedmo St Regi. Schulte 815 Ind Sle Ind Sentry Shen Corp pf (a3)... Sherwin Wil (t4%). Silica Gel ctfs. ... Singer Solar Refl # 8o Am Gold & Pla South Penn O1l (1).. SouthCEdpfB1%. SouthCEdpf C1%.. BWG&EDL (7). Unit St Utllity Util Eq ‘Walker vna. rates = o Foits or stock. ger tent 1n # in stock 3 it O'Paid st yeareno 1% ). Mead Johnson (14).. ) Minne-Honey pf (6). Mo Kan P L (b10%). Nat American Co. Nat Aviation, Pandem Oil. Paramount C: Pennroad Corp (20c) Penn Pw & Lt pf (7). 50s 2 Seaboaré Util (50¢) .. Seg Lock & H (50¢c).. 2% @elected Industrie nd. Tartly Received by Private Wire Direct to The Star Office Hign. 108 rr Stores (1). 2 % o Bed N G Co (60 60) - Utevpf xw 6 y &v pf (2)... _u [APCPIY T - JUTOVETON—JOIRPUT oI 01d Mines. in Prod (1)..; &S Co Nat Family Stores. Nat Fuel Gas (1). Nat Investors. . Nat Pow & Lt pf (6). Nat Pub Sv A (1.60). Nat 8 T Sec A (350c) Nat Transit (1)..... Nat Union Radio. ... New Brad Oil (28¢).. New Eng Fuel new. . Newmont Min (4)... rs Zine (18).. N Y Steam n (2.60).. N Y Transit (1). Niag-Hud Pow (40c) Niag-Hud Pow A w.. Niag-Hud Pow B w. Niag Sh Md (40¢)... Corp Ltd. Nor Am Aviat A war rop Oil Corp.. Nor St Pow A (8). .. Northw Yeast Co 12) 1808 Ohto Copper. . Oflstocks Ltd A(40¢c) Outboard Mot A..... Outboard Motor B PMGGI}!I!D!I%. Pac Pub Sve A(1.30) 12 Pub Sve new. 7 2 1 1 1 3 3 2 6 M Rust Pr (3).. 27 &P A (2.40) Perryman Electric. Phoenix Secur Cor; Phoenix § C pf (3) nt Hyd E| Pilot Rad Tube A. Pines Winterfr (1 Pitts Forging (1). Pitts Plate Gl (2). Plymouth O1l (1 Premier Gold (12¢! Prudential Invest. Prudential Inv pf(6) lflfll Pub Util Hold war. . Pub Util Hold Cp xw 6 Puget Sd P&L pf (6) 60s Pure O11 pf (6)...... 30s Rallroad Sh (50¢) Reliance Int A Reybarn Co. Reynolds Invi Richfield Ofl Cal pf.. SafeCar H&L (8).. & St Anthony Gold. . 12 s Paper (1).. Saxet Couusavanrs Un Bo-31 8t.. » full pd (5%). prior (53)... Safety Cont.. afmennaalan MIg (112%). ning. . 5 Foauiil 22u88uz. o8 Syracuse W Mach B. Taggart Corp.... Technicolor, Inc Tri Utilities (31.20).. Union Am Invest. .., Union Ofl Assoc (2). Un Tobacco. Unit Chemical. . Unit Corp war. Unit Founders. L (7). Unit Lt &Pwr A (1) . Unit Lt& Pwr pf (6). U 8 Dairy (A) (5)... U S Dairy (B).. U 8 Elec Power ww. U 8 Playlng Card 2% ore, Unit Ver Univ Pictu Ut P&L Blatl. Util & Ind pf (1*) Eaquities. uity pf Vacuum (4). Van Camp Pkg. Vic Finan Corp(toc) (H) (1)eenca Watson (J W) Co..e Wenden Copper..... West Tab & St (2) Wil-Low Cafaterias. Wil-low Cafs pf (4).. Youkon Gold..... Zonite Profluell ). 6 28% % % l(% 14% Sock, o Pavable Fo Bt on_last I cent { g et B O £ Flus 6 per :f;;rwm o BT Special Dispatch to TheStar. BALTIMORE, Md., Apfll 15.—Pota- i new pohtou hl'rel, l.bmW sweet pota- | toes, barrel, 4.00; yams, barrel, 3.00a |8.75; beans, bushel, 2.00a4.00; beets, ‘cl‘lh 2.00a2.25; cabbage, bushel, 75a |1.25; carrots, bushel, 75a90; caulifiower, crate, 1.75a2.25; celery, crate, 150a 3.00; eggplants, crate, 2.50a5.00; kale, bushel, 25a90; lettuce, hamper, 50a1.50; lima beans, 6.00a7.00; peppers, crate, 2.0026.00; spinach, 30a86; to- bushel, matoes, per box, 1.15a2.35; t, box, 1.5083.00; oranges, box,'z.’t'm:s;‘ strawberries, quart, 30a40. pound 26a28; ladles, 22a23; rolls, 18a i Process, 24a25; store packed 16a17. Live Stock Market. Cattle—Receipts, 100 head; supply; market dull. Steers—Choice to prime, none; good to choice, 8.5029.00; medium to good, 7.2528.25; fair to medium, 6.50a7.00 plain to fair, 6.00a6.50; common to )‘Ihln .00a.8.00. Buils—Choice to good to_choice, none; 5.00a z)lo. fair to medium, CM .00; plain fair, 4.0004.50; common to plain, un-«oo. . light rlme none; to choice, none 'lno- 'I.lo fair m Miun. -m " plain falr, 5. .00; common la plain, 3.00a7.00. and m—mmm 70 head; steady; sheep, 1.50 roughs, 5.00a6.90; light pigs, 7.9028.15; pigs, 8.25a8.50. Calves—Receipts, 50 head; light sup- ply, market lower; calves, 4.00a8.50. Hay and Grain. ‘Wheat—No. 2 red Winter, export, 87%; No. 2 red Winter, garlicky, spot, /4; April, 87%; May, 88%. Corn—No. 3 domestic, yellow, old, 76a77; cob corn, new, 4.0024.10, Oats—White, No. 2, new, 41; No. 3, 40. Rye—Nearby, 55a60. Hay—] market is quiet. surplus offered of hea Straw—Wheat straw, No. 1, per ton, 10.00a11.00; oat straw, No. 1, per ton, 11.00812.00. sn.m QUOTATIONS." youx. April 15 (P)—Bar & -n- type 1 | clans call the diet “faddist.” == (GAMPAIGNS CHANGE Amencan Firms Employ New Policies in Advertising Their Products. BY J. C. ROYLE. t human desires have gone hr w change the advertising and sell- ing policles of many American indus- tries in the last year. The Federal ‘Trade Commission has come to the conclusion after investigati: of complaints dealing wit] # | misleading advertisements that the two great desires on which sales cnnpflxm can be hung are the yearning to be good looking and the urge to be well and healthy. It might Lnnh(ully be sald that one is a concommitant of the other for no one can be thntouthylr lookln who is not well and healthy, rding to physicians and beauty wecmhu ‘These two desires have built up a score of great industries. Shipments of perfumes, cosmetics and other toilet and beauty preparations last year had a factory valuation of $207,461, !39 according to the Department of Com- merce. This showed an increase of 15 per cent as compared with the previous survey made in 1928. The largest single item was tollet creams, valued at $35,131,862, after which came perfumes, dentrifices, face powder, hair tonics and a score of other preparations. “Dressing Up on Job.” ‘The demand was not confined to the feminine_sex. Men bought shampoos, talcum powders, hair tonics and_ dyes and toilet waters almost as freely as women. The appeal of vanity is strongly shown in the length of hours and scale of pay of workers in beauty shops. New York City some work 60 to 72 hours a week and many exceed & 54- hour week. The pay is said to average $25 weekly without tips and to range as high as $115 a week. Fked"in dothing dsrbaiin smong stressed in g dist n among both men and women. Most retailers assert that the looks appeal is more Zoa‘:l:“ than that of comfort or prac- Keen rlvnlry has been built up in the working clothes industry through the de ation of American workmen to “dress up to his job.” Work garments are now being made which are attrac- tive and neat looking as well as service- able. Manufacturers say faded over- alls and baggy work trousers are appearing. Striking color combination in cot- ton fabrics made into working clothes are not unusual and the garments are being tallored with much of the care given business suits. English cotton mills now are working to produce a stiff cotton collar at a price sufficiently low s0 it can be thrown away after one wearing. ‘The question of weight has undoubt- edly had a tremendous effect both on sales of medicines and equipment to regulate weight but has changed the entire eating habits of the nation, sub- stituting fruits for cereals and veg- etables, fats and ofls for some meats. 8o great has been this influence that 1t s developed. & which physi- take no thought of diet rather than to Ml’ll Trade ission in ings which, if established as a precedent any athletic goods producer from pay- About such they say it is better that they be always fussing about it. Athletic Goods Industry. ‘The hm rules for the ic goods lncunry has made rul- may chlng“the trend of advertising in many otl lines. These rules forbid ing or making gifts to any athletic ization or athlete to get them organ! He to use the products made by the cor- poration or to advertise that such or- ganizations or athletes use or have adopted as official the products of the concern without disclosing that they had received such gifts or payments. ‘The rules also prohibit use of the 8% | names of prominent athletes on athletic unless products the athletes actually | ag use, indorse or personally designed such equipment. If it is unfair practice to use indorsements from athletes without announcing the fact when they have received compensation for such ap- % 30% | proval, it would seem equally unfair to % | advertise indorsements of other products such as cosmetics by t stage or motion picture stars or members of society or to follow similar practices in other lines where the name of the indorser serves as a sales inducer. (Copyrisht, 1981.) By the Associated Press. CHICAGO, April 15—Big export ess in North American wheat and renewal of dust storms in Spring wheat territory led to material fresh upturns in grain prices today. Une advances in_ Liverpool wheat quotations were also a bullish factor, together with word that French millers had been permission to increase use of Opening unchanged to 3; higher, whut afterward continued firm. Corn to % up and sub- %! rose all around. t advances took place in the face of securities . Estimates, however, that more than 2,000,000 bush- Canadian wheat had been taken 1 tlantic shipment temporarily to prevent any but fractional setbacks from wheat advances, Tend!n' also to uphold wheat glrlu were Nebraska reports that essian fly danger existed uarter of the State. hedlcfim t German import re- strictions on wheat would me modified helped to encourage wheat bulls. There were also advices of active Oriental de- mand for Australian wheat. Sharp up- turns in Argentine quotations were a further source of inspiration to buyers. Corn and oats sympathized with wheat strength. % !orelnl . gl Provisions were easy in the absence of any aggressive buying. ity DIVIDENDS DECLARED NEW YORK, April 15 ().— Regular. Hldrs. of le. record. Apr. Apr. 15 s 83 38 pRER: g2 § ¥ ases & © 00 0OOD DT PROO © O LOOOOOD O ¥ BEREEE E 8 S 3 = May 10 TADES| CHICAGO LIVE STOCK MARKET OHICAQO il 15 (M—Butur-— WEDNESDAY, APRIL 15, METHODS IN SALES ughout | °f 3 | ations. The market 1931. STOCK AND BOND AVERAGES. By the Associated Press. ago. High, 1931...... Low, 1! High, 1929, Low, 1929, WHOLESALE PRICES SLIGHTLY LOWER Nine Groups Decline During Week as Rubber, Rice, Sugar and Wheat Advance. ‘The wholesale price index of the Na- In' tional Fertilizer Association _declined 7 fractional points during the week ended April 11. week a loss of 6 fractional points was marked. The index number on April 11 stands at & new low, 73.6, compared with 75.8 a month :(o And 92.4 for the week a year 2go. the 14 groups 1!1 the index, 9 decuned and 5 were unchanged during the latest week. The groups that de- clined were fertilizer materials, ux- tiles, fats and oils, other foods, feeds and live stock, metals bui alnx materials, fuel and miscellaneous com- modities. The following groups showed no change: Agricultural implements, automobiles, chemicals and drugs, mixed dis. | fertilizer and housef: furnishings. Lower prices were shown for 35 com- modities during the latest week, while advances were made by only 9 com- modities. Copper, zinc, cement, brick, cotton yarns, burlap, silk, For the preceding | 3 Butter — One-pound prints, tub, M‘Aul Eggs — 20; Hennery, ceipts, 19, Poult alive—Turkeys, young toms and hens, 32a33; old toms, 28; !Pl’lnl brotlers, 37a40; Winter chickens, 30a3: hem. heavy, 34225, light, 22a23; I‘( orn hens, 20; roosters, 12al4; ducks, 15 kufil.ymln‘ 75880; old, 40. Dressed 8a40; old, 34a35; ter chickens, 34a35; current re- Leghorn keats, young, 80a90; Meats—Beef, ll%ub% 'Ed 13a15; lamb, 16a19; pork loins, 19a20; fresh hams, smoked hams, 2 i should “u stri) m. H p pu:k bu:on 221 lard, in bulk, 1 un stock—Hogs, heavy, 7.00a7.50. light and medium, 7. 1.75; lwxha 402;5 50; calves, 4.5088.00; ‘0; Florida, 3.50a4.25; California, lemons, 4.5085.00; limes, per 1 SOIAJB H 1.758 and | bakers, 2.75; new, Florida, shown in rubber, turpentine, silver, rice, raw sugar and wheat, plastine (R RIS CHAIN STORE SALES DROP DURING MARCH Decline of 3.48 Per Cent in First Quarter Also Noted by 47 Companies. Special Dispatch to The Star. NEW YORK, April 15.—According to a compliation issued by Merrill, Lynch & CO 47 chain stock companies, inc]ud!ul ll order concerns, show total sales the first 3 months of 1931 of $851,- 544 483, l;linlt $895,313,639 in the cor- ding period of 1930, a decrease o! 4.89 per cent. The three mail order compm alone show sales for the first months of 1931 of 8121804077 llllnlt $145,514,875 in the first three months of 193 o,.mntm'l per cent. hclud.‘ns the mail order ecm- companies show sales the 3 nmth.l of 1931 o! 872!1!0405 against sales of $749,798,764 in the sam: period of 1930, 'a decrease of 348 per Eu’ll!" for March, 1931, as reronzd by 47 chain store oomplnlu. Inc luding 3 malil order concerns, tal sales of $203,125,743, against l!lfiJl? 305 in March, 1930, a decrease of 3.96 cent. The three mail order alon show sales for March of $44, 2”. against u. 219,682 in March, decrease of 8.94 per cent. l:xclwdin the mail ordcr eomg-n chains lhw sales 1931, o( $248,- 306,444, lllifl!t $255,992,623 in March, 1930, a decrease of 3 per cent. ‘While the reports of chain store sales for March show a decrease in dollar volume over the corresponding month of the previous year, it is apparent that most chain stores showed substantial increases in units of sales, taking into consideratign the decline in prices of the merchandise handled. RETRENCHMENT PLANS MADE BY SINCLAIR CO. By the Associated Press. NEW YORK, April 15.—A retrenched program involving a 10 per cent reduc- tion of expenses will be put into eflect this week by the Sinclair Consolida 0il Co. The program is not aimed specifically at salaries or wages, the company said, although a few wage earners in the higher br will receive cuts. A general order will be issued to de- partmental executives to make a rigid inspection of all means of production and d\s'.ggut\on for the greatest economy -ation. ‘There is no_ intention to lay off or discharge employes, the company an- nounced. BY GEORGE T. HUGHES. (This is the fourth of a series of lrllcles discussing the application of in- vestment principles to present-day condi~ tions in business and in securities.) It is not so difficult to select the leading unit in any one industry as it is to pick the mdultry itself when it is desired to buy for a long term invest- ment a_diversified list of common 7 | speculative possibilities may be much the smaller of t.hewflmu of the leaders is never deflated as dras- greater in one of est advance is made by the latter group. It is investment, however, and not corporations within an industry. The best that can be done is to operate on the commitment u mndg be- ing prepared to revise the choice the situation demands it. mental never to be ignored is that there is nothing static in or in in- vestment. As far as possible it is de- :inhle to take stocks tative of 35 | the basis of conditions as they exist at the time 'l'hn!\mdl 8.0028.50; sweets, per W'per tomatoes, 6-pan _contalners, exico, 4.50a5.50; Florida,3.00a5.00; spinach, 157 kale, 75; v.urnl salad, 75; cress, 1.00; broceoli, 6.00; mwoe. Iceberg, 1.50a 3.50; North Carolina, 1.0082.00; peppers, 4.00a5.50; cucuthbers, hot house, " celery, 1.00; tumlpl r mfie 125, pun,llm- peas, souv.h mollu. basket, 2251260 California, crate, 4.50a5.00; basket, 3.0083.25. Special Dispatch to The Star. NEW YORK, April 15.—Opening cot- ton prices today to 9 points lower, chiefly on continental selling. ‘The losses were evenly through- out the list buying was in mod- erate volume, but local speculators were inclined to the short side. Opening p: 8; July, 10“ nfl 9; December, 9, and chdzn'- of the fllmfl'm Wltth Co., said that orders received during the mput 15 days have shown a decided crease. Tube Prices Reduced. NEW YORK, April ll (#)—The Radiotron ‘Co. has reduced prices OIL PATENT POLS VERDICT ANALYZED Court Decision Means Trade Agreements Are Legal if Not Monopoiisis. BY DEAN DINWOODEY. Legal authorities pointed out today | that the practice by competitors in an industry of pooling basic patents was not sanctioned, in all instances, by the Supreme Court of the United States in its decision in the so-called ofl-cracking case. The implications of the court's ruling are of even more far-reaching nce llun its direct mult the Suj Court in the be! m it hel Il.t. the pooling by in the ofl indus- the industry had resulted therefrom the patent 1 e pat pool would have No Monopoly Found. In the course of it -1 - “m Pt of u 85,000-word opin. A iy el nl! of the of curta; the manufacture lnd sup- vly of an unxuwnted produ s beyone the pri ferred by the patents a vlol-flon of the Sher- 8.00; pigs, 7.50a | isted competition is not unduly or unrea- sonably restrained thereby. The court, in fact, the legitimate ad- vantages that may flow trom the pool- ing of patents and which the ofl com- declared had impelied them to enter the patent pool. Interchange of Rights. “An intercha: 4 o Tierchange of ptent Tights wed value attributed w the NEW YORK, Al 15 (#).—The cline in the Spnrl:“h Lot . the Mm:lf Alfonso was regarded evidence that the negotiated international banking credit of $60,000,- 000 for the stabilization of euhmcehldmntbemmd!urm: A‘mmdl? & Co., which headed the Ammm;nm of bankers providing $38,000,000 of the credit, comment on the situation was Mackubin, Goodrich & Co. Estatlished 1899 BANKERS Members New York and Baltimore Stock Exchanges eAssociate Menber New York Curb Exchange 1508 H STREET 'WASHINGTON, D. C. REDWOOD & SOUTH STS. BALTIMORE, MD. i To Wise Home-Owners We recommend the Metros politan Life Insurance Company Real Estate Loan Plan as an effective and economical method of buying your home. Thousands of borrowers are enjoying the advantages of this modern method ing. of home financ- Low Interest Rates — Long-Term Construction Loans in Any Amount CONSULT EAVER REALTORS Washington Building Mortgage Loan RO District 9486 Correspondent Metropolitan Life Insurance Company in the District of Columbdia and nearby Maryland and Virginia