Evening Star Newspaper, April 16, 1931, Page 14

A—14 ®x% FINANCIAL. THE EVENING STAR, WASHINGTON, D. C. THURSDAY, APRIL 16, 1931. FINANCIAL. BANKERSWATCHING|| NEW YORK STOCK EXCHANGE | ARGENTINE BONDS | o~ sex ~on BONDS stoec sscuwves] - NEW BOND ISSUES Received by Private Wire Direct to The Star. Office Received by Private Wire Direct to The Star Office. UNITED STATES. Sales. High, Low. Close. . (Bales are in $1,000.) MCCSIL&NGsA.. 5 93 93 93 (Continued From Page 13.) ~Prev. 1830 Stock and og-—- fard Sales High Low. Close. 11 Steel 45%5°40. .. 1 102% 102% 102% —————e—— 3 it 13 N Lib3%s32-47. 2 10123 10123 10123 |Inland St1 4348 A'78 13 94% 94 94 Hign, Low " Dividend Rate. Add ob High. Low. Close. Glose. 70 4 List4l4s32-47. 21 10226 10223 10226 | Inland Stl 4slp B'S1 22 92% 9o 48 871% Minn Moline pf (6%) 2 30! i 30% 37% Spang-Chalfant. % 2 3 2 : 104 103 30 103 30 Int Rap Tr bs 'C'C 17 73'? 78,‘ Investment Authority De-| ,. . Minn&st Louts o Sparks Withing (. 14 o » 9 |Other South American Secu- |5 53%: 104322 10120 101 30,101 20 int g.::g::':;i ' ggg :;“ Bankers May Plan Methods S ” 85 61% Mo Kan & Tex pf 60% W l'§3.&”3:‘r N “g 101 24 101 24 101 It G » Tr " 6 ” 3 clares New Government Will { o7 74 " tissouri pacr 16). gE Spiegel- May-Stera. . 3 ¥ rities Are Affected by gggg ,‘;5 et }"1;?23 g?gi .'E.‘ :'g";;g}; z:l: Eé* of Regulating Offerings H H H 4 . 2 Y rre) Meet National Debts. ~ E::: 5‘2";',",'}2,, Liquidation. fo AR Int Hydro £1 3 ¢ 87w BHM of Securities. Sales. High. Low. Close. | 1% 1% b B, ADBItIbI P & P 5553 65:. a7 | i MATMPBERE o4 923 651 M Stand Invest Cor Adams Exp 45 '48. ., a7 a7 |t M Lo bs rt 9 Stand Of1 Cal (h2%) : BY F. H. RICHARDSON, Allegheny 55 44. T TR e e - i BY CHARLES F. SPEARE. Munsingwear (3)... e oo e o . ¢ 333 | special Dispateh to The Star. Allegheny s *49. I8 IR |TntRysCA6s*dl.. 74 | Special Dispatch to The Star. Spectal Dispatch to The Star. . 4 e _ | Alleg Corp 5s 50 754 K i NEW YORK, April 16—Of the re- Myer (F E) & Br (2) Stand Of1 N ¥ (1.60). Y. JOBN Auil 10 —Bond WGs | 4o o 11w s 1005 100% IntT&T4% . pig Nm ¥E‘?K;LAprlle 1& tlfiel's::fi: 1 an indeterminate tone today, 3 2 cent $60,000,000 credit extended to| g0 Nash Motors (4)..... " Starrett (LS) (12%) D nes % | Am F P 5s 2080 25 B2 854 | meetings of the govermots of the In Ni [ Sterling Sec A...... though volume was heavier than on |7 "8 ¥ 100 85% i European and Nash Ch & St L (5).. » Wednesday, owing to the increased ac- | &A™ h 6 %8 5 104% 104 104 | vestment Bankers' Association the Spain by a group of pe . 1 Sterl Sec pf (1.20).,. 3 % o | Wed f . 5 Al 7 1004 100% 100% | tion of & better regulation of the flow AL AUmE S ER0)- ¢ 14 | tivity in Argentine, Brazilian and Aus- | A™ Int Cp 6ies '49. American bankers, J. P. Morgan handled Sterl Sec cv pf (3)... 39 y y B R B R e P Teiiation flo Nat Belia Hess, B U Y tralian bonds. Am Metal 5%s '34.. $38,000,000. Naturally these bankers Nat Blscult (2 A T s yr Am S&R 1st s 47. g 5%s'85.. 21 96 96 g |CHOTS made to correct market condi- 120 Japanese 63n 64 L 10 105% 1051 1053 | HonS following the emission of huge to- 83 . Argentine advices were that a radic b are concerned about the attitude that Nat Cash Register A v Stone & :\.r:t;-lr;;)u). o Ads ) Ty e - “;l‘} Am Sug Ref 6537 will be taken by the Provisional Presi- L Nat Datry (2.60) P R 5 23 result in an entirely new federal gov- Am T&T cv 4%8'39 il Jugosl Bank 787" 4 83 g3 | tals of stocks and bonds within a com- dent, Zamora, regarding the arringe- Superheater (214). .1 3 ernment situation, but that the fiscal | AT T&T 8865, ... 4 : 2 % | paratively short period of time. ments made, since he heretofore has Lead (5). 3 s o position of the nation would not be |A™ T&T ¢ !r s 46. opposed the credit on the grounds of Nat Pow & Lt (1)... gtk et changed. Before the market opened Am e s R *unconstitutional” procedure. Nat Radiator 4 bids were put in for Argentine bonds at m - \Vk“’fi'u Hh ‘While members of the Morgan firm Nat Steel (2) U Telautograph (1.40) about a point above Wednesday's close Am. 968 '34. . said today they had no comment to| T Nat Supply (4) 7 7% 47 9 4 Tennessee Corp(50c) 8nd &Il of them ranged highey at tag | ATgentine 53 45. - make at this time, it was pointed out | 111 Nat Supply pf (7)... 208 6 10 bty MR start. But when it was announced that | ATEER{IN® f b8 62, that the credit was made to the Bank B arery i) : ; il Tl the Banco de la Nacion of Buenos Aires | Arensine arja os of Spain, “which is a continuing in-| 247 s Nat Tea (1)... 2 9 % | TexasPCAOIL 8w e 4! had withdrawn its support from the | 48entine s Ju 50 stitution ‘and the central bank of the Nevada Copper (1).. s 10 o Thatehar MAe (1.60) 614 | xchange market and pesso exchange | arsentine 68 A ‘67 country.” - - it e e Tharoid oo ? k broke sharbly, renewed selling of AT- | Armentine 6% B 58 In spite of the fact that Prosident % Newton Steel. . ¢ ) g - Tl A et Yo vass £ * | gentine dollar bonds resulted. i 7 Zamora opposed this credit because it| 28 N Y Alr Brake (1.60) 3 . 0 Kb b ol ) Argentine 6s, which ordinarily are e e S e S s NS har (“'s o 5 5 T Starrett. . 54 40 % 5w |Qguoted around 96, are selling below 90 | Atcnis 45 1905-55. . ment, then out of existence by royal de- | 2 BT W HnoSuag). o 2 + | for some maturities and the 5s and 5'5s 4 y 4 72 7 614 6 " Atchi; 4395 9 y b ht out this month has been due 2 A levels. The market's attitude is one | atonis ov dshe a1 . Long Is) rf 4549 93% | nor s, credit might prove of immense benefit| NGt Ao, Tobacos Pecltote. . . " g Buenos Aires government's difficulties. 35 3 a5 | Lorillard 6 6% % |and, to a certain extent, w‘ t%e joe. to the new regime in stabilizing the pe~ i . Tohasoo Prot s 4obs Brazilians were turned over in 1arge | ar o1, 1at 4e 63, F % |Coriara 3 3 . 2. 7 disturbance in all grades seta and the political life of the people. NOMEATaPaAMa IS, - 3 - | oyl o iy - % . amounts, with small gains as @ rule. | At Ref deb s 37... 10214 | L&N om e 29% | “Last week's offerings. o?{n::fi;"u;n, Belloves. Investients Base: i 13 Norwalk Tire & Rub. 3 i 7 Transue & W (1). 2 " ese and other South Americans were | Australia 4%s '66.. 25 6 ol e . 9721 000,000 of corporation bonds had to 3 thetically affected by the Argen- "8 La & Ark 5s '69 60 7 - 3 Trico Prod (2%).. sympa y BeD- | Australia 68 '55. ... 2 compete with an equal amount of Dr. MR_; Winkler, Ncwhy,,,(;;‘ invest- 3::.’&3.’.‘-‘&;;9 TH-COnt COrp. - .. anksé‘tu;eu‘t:nr. ‘chl;fly because of the!australia 5« 57. McKes & R5%s 50 9 787% | United States Trzasu:g bills, which were meont b:}n er, (.clnr?s that the insti- | ik LS Tri-Cont Corp pf (6) n;lrst 5'1 At' “T the co}ngflciom mil:lr! Austria 75 '42 2 % 101 6 Manh Ry 1st 45 '90 [ 56 | generously subscribed to by banks and tution of a republican government and | 28 B g el Truscon Stl (£1.20). of °‘"~l merican political troubles. | Austria 7557 ctfs. 06 5 Market St,78 40 967 | concerns that normally would -be sub~ = 4 Hort , ni i 2 3 : 3 4 ; 2 0 011, | M'lan 6%s ‘52 3 80 | There has’ apparently been very little % o 111 GI Ulen & Co (1.60).... i b 533 4 9 Ty okt oty e safe o o Pacific Coast 1st pf. [ Und_Lll-Fisher (3 N arrying thaoush i Ssian it : AL : 103 | regulation, of the supply of corporation financial obligations undoubtedly will racific Gas & £i (2}, | Un Carbide (2.60) 0% | S EPRNSM eon 48. . 8714 | bonds with respect to the simultaneous ne 3 . 15 574 106 ums be fully acknowledged by the new gov-{ 6! Pacific Lighting (3). % 20% Un Oil of Cal (2). to hold the new South Wales govern: M StP&SSM 6s gtd. 9 901 | offering of unusually large s of Gov- e fally. Pacins Lisktine s 874 Un Pacifie 10). % ment to its foreign commitments was . 1024 | o StP&SSM 6 ernment and municipal Mr. Winkler sees an excellent field for Pacific Tel & Tel (7). d Un T-nkclrt(lfl)n 8. regarded as constructive. The balance 101 Car (6 9 Unit Afr of the foreign list was dull and in- 9 12?’% MK&T4sB'63... further participation in Spain’s elab- % Pack Mot Car (60¢).. 5 J .- orate plans for public worg. Panhandle P& R pf. 1 Unit Aircraft pf (3) clined to sag, especially German issues. In addition to the new credit, Spanish % Paramount Pub (4). 2 " A Unit Biscuit (2) Domestic bonds were irregular. There loans already made in the United States Park Utah... Unit Carbon. . v Bk of Chile 6148 °57 15 3 o Dubhie uthily Snd Indistriar concerns | BK of Chile 638 ‘61 S| MOTRE NN {hing prices, so that_po totel nearly $31000,000. Besides, a Parmelee Transport. Tt D number of American companies have Fathe Excharge. ... mei bt Llaled Batav Pet 4148 '42. 5 3 Mo Pac 5sG '78 have frequently been available fi prises. For instance, the sum of $50,- S o . el a Bel d Mo Pac ref 55 price “within 24 hours of ' the an- tional_gains in American Telephone 5s | Bel<1um 6% s 4 Mo Pac fiin ey Rouncement of the sale. Out of 18 sep- 000,000 has been invésted by the Inter. 5 Peerless Mo oo s | J2 3" Unic Electric Coal national Telephone & T:legraph Co., Gt L 4 3 Unit G & Im (1.20).. and 513s. Consolidated Gas 5los, Na- fpel¥ium 1 L 4 Mobile-Oho 58 6 y arate issues brought out this year, tiorial Dairy Products 5iss, New York | pelsium 7a 66, - i Mont Tr 15t 5= *41. i Were for amounts ranging oy ;'50‘,! which has a monopoly of the Spanish| 3 283 Penney (J C) (2.0, A8 IR e 4 3 1% Unit G & Im pf (5).. telephone business. i S Ltxie + 3 . Motor Wheel 1%4)... BY JOHN. F. SINCLAIR. i Mullins Mfg........ [T - T~ S 107% Kan CFtS&M 45°36 23 97% 9 9 The situation is again rather acute Kan City Sou 3s '50 77 following the large volume of new se- Kan City Sou bs ‘50 curities in March and the introduction Kan City Ter 43 '60. s s 5% | into the market last week of nearly KanG & E 41%s '80 $300,000,000 par value of bonds, or the Karstadt 6s 43 4 | greatest amount for any single week Kreug & Toll 55 ‘59 since 1927, Lackaw St 53 °50.., 104'; 104 Price Disturbance. LacG St L. bs 34... 1035, 103% 2 - 103% ' The decline in the prices of the sl i G 1o 101% | Pennsylvania Ratiroad and New. York e oy st g S ol Central bond issues below the initial LenV ov 41 2003. ¥71i on; | Qering figures of a month ago and the A Togrs 194 | poor distribution known to have taken SR o Boa-feliitunitamoSaBoanusaes amremts » - 8 R R w 84 | A feature of the corporation offerings Mo Pao £on 8 70 individial feucs. - Thie han b o e g Mo Pac gen .o es. has been a fac- et T s ! 125" | Mo Pac s A '65. .. tor in delaying distribution and In soft- o e Row Telephone - 41:s, North American Co. | p¢ . *| Mont Pow 5543 ., o e e OO | Berlin ¢ - ont Pow 000,000 to $100,000,000 and 8 for sums Berlin CyE .| Mont P dh5s A ‘62, 4 between $25,000, Sheet & Tube 55, Brth gt ( % | Montevideo 78 52.. WHLS & AT e T In the railroad list a few of the best | o, o757 2 26 | Mor&Co st 4%s.. market has had a $100,000,000 issue bonds, like Atchison General 4s, Union | polr/a T8 58, ... - el st el i A New York City, another $100,000,000 9 Yo P 214 | Nat Rad & $75,000,000 sale by the Pennsylvania guaranteed by the Dominion of Can- [pre”i) &2 726. ... 26 5 ool Lot s o Railroad and one of $66,000,000 by the ada, were higher. Others were generally | pray() 75 - 't io By NOT® M 5%s b iy Port of New York Authority. In three off. The Interstate Commerce Commis- | praz) g ‘. X 4| New S Wales months there have been half a dozen sion announced its approval of the|premen 7s'35. .. b . % 3 offerings amounting to $50,000,000 each Southern Pacific’s $50,000,000 of 50- | Ekiyn Man 6 ‘65 1% 1015 Tt 1, [and two of $40,000,000 year 4l; per cent bonds, which were | Bklyn Un s '45 5 1107 "IN Tecently sold at 9415 to Kuhn, Loeb & | Bk Ed gn A 59 49 g e . < s “ Difficulty in Marketing. 5& and reoffered to the public at|Budapest fs i . NY Cen rf 41452013 4. { Buenos A 6s ' 7 3 v New bond offerings today amounted | Bufr Gen 191 4 3¢ a1’ B il bl L A 3 7 U S & For Secur The Spanish public works plan calls | il B % i U S & For Sec of (6). for an expenditure of 6,700,000,000 o o e L S5 108 US Frelght...... 5 pesetas. The pes:ta is now worth 10| 1 i el . % U S Gyvsum (160). . cents in United States currency. o e L R Gl U S Indus Alcohol (2) The revolution is won, the King has| 107 PheinbilsGaRe (5 ) U S Leathe: gone, the Republicans are in power.[ %5 i A Z U S Leather A . Scveral weeks will be needed before any | s Petlba 18- 4 et USPipe& F (2).... true picture of Spain’s economic and | ity : U'S Realty & Im (3). financial conditicn can be surveyed. In Pittsburgh Coal pf 3 % % U S Rubber.... . the meantime, the world will observe a Higl )k bl 3" 33 13 13| 3 U'S Rubber 15t pf. .. watchful waiting policy. Pitts Steel pf 11). ... - 15 US Smelt & Ref (1). Herewith are the drastic recommenda- | & Pitts Term C pf ’ : : % U S Steel (7). ‘ tions of an expert committee of the Pitts United Corp. .. Sia - 13 ) 3% U S Steel pf (7) e e e 10 Copmeacts: il S g % Unit Seores ot (4 to over $26,000,000, but since most of B R & Pitt 4 tys 67, b NYCaSiL s a7, 4 t was necesas dealers in the group » Among others, -l 2 6 Port R AmTob A 3% Univ Leaf Tob (3) them were of a municipal nature, and : ) NY C&SIL kY 0 g clients to sell other Sargent of Chicago, president of the| g, 24 Postal Tel&Cable pf. s 25 e o SN o 31| therefore of a class still greatly in de- | (anada 65”52 71 R oot o in Chicago & Northwestern Railroad. and e Drairis Ot &GS (2) i Unty Pladatpf (8). 30 a1k 3 ARG iy e ek psrady 10 B | cyn Bouth g NYC&StL 5%sA 5. 5. Bond of Boston, {ormer Asistant | 36,173 Prairis Pips L (3). 235 223 231 2 / SR, e % |any tnsettling effect on the market, | C 4. 13 100 N “Quit paying the United States Gov- e a1 % 69%| 7 aeaar e o i The reguiar stream of offerings from | NY ELH&P 43°49.. ernment public debt and use the money Pab Sy N J (3.40) y 3 5 Va-Car Chem....... 2 2 o |Canadian municipalities recently has|c,, ey 4uge55. 2% 102 NY NH&H 4% '67. companies, sufficient new capital to take di t t u . V- 1 drawn attention to the popularity of | 5 2 2 L up the full amount of these large units e o o veduss governmisnt D> | Pub SvN Jpl5). A sl sl AT o 165 55 lsuch bonds in this market. Toronto, | can Nat5sJuly ‘69 5 ’ o 4 of new bonds. Consequently some of e eomental acivies 4o | 0 04 £l Cors (4 : S s eieci s | Momen? e e o Sameu: | o4n S0 £ 0515, by 185 119 Mg | e e e Sermaciir o e Beaus 8 P seeee U b chewan a offerings today at prices Nerd i reet, “gone sour,” and lower th_,.AI:a'n;fm i o i Purity Bakerics (4). % i :}:’l::rrr(sycuo((x;/;).. 1 3 |revealing average yields of about 4.50 | on NOT 78 deb 40, 1 i R % than those now bid for .,..mu‘:".’: to rush public works!"” e o e J Ward Baking 5. L : per cent. an Pac 433 E “IN ¥ Tel 63 49 B :::‘:‘“‘e“ufl““ ted when free mar- This really is an anti-Hoover plan. Can Pac 6s ctfs ‘44 3 Radio-Kelth-0: . W 20% 27 2 , Warner Bros Plc e ot 4 5 5 | N 14880, . ] The whole purpose is frankly to dis- taybestos an 7 60. Warren Bros (3).... 5 5 g CHICAGO DAIRY MARKET. |[CanPacSs'ss.... 1035 | No'Am o oa 61 o s Jeve e it at dinii 5 t times to regulate courage the Government from levying % 174 Real Silk Hos(b10%) 7 | War Bros cv pf (3). s Nor Am EA 5s 57 i n: 3 YAt now g 3 3 A 2 ik 8 o e 8 Nor Pac 3s 2047 any alternative is more acceptable than e e 1 g b tindrsl s e AN creamery extras (92 score), 24: stand- [Ches Corp in 47 such a move; this attitude being clear- st S » West Pa £l pf (7)...130s | firsts (90-91 score), 231a23%: firsta. | G on4ks 9z, 1y shown in its harsh treatment of the o A RBICtaelt o - % Western Dairy B, " ;, 23Y2023% ; L |C&O0 115 A 93, .. publio works project to relieve unem- | Eeynolds Metals (1) 3 Western Md. .... %13 3 ;SS;,‘? ”fll;')' 2?,2535" iz::?::ss (Sslsigg S;,‘f;’:’.*‘l”' i competition Pployment. Reynolds Tob A (3). 73 3 Western Pacific pf. o ¢ 2P fate 10 Lo s, 7 : also erences The men forming this committee are | - R e Teen ) 4 50% 51| 150% 1275 Western Union (). pt . 13 o “‘:;f;‘ gasy; extra firsts, '19) | CB&QIavaia'is ¢ 91w alw el of opinion a8 to. the actat deciees e b sing Wpon sl e b % Richfield O:l. : 2 p AR st vipts, T1; Siuenge peckid Blsn. 20%c: p L IR T 3% S0% Norway s 52 in the market, such as whether it is meni v, W 3 ey " = Vesting E1&Mfg 77 gk o % i )Tl iy Amuarde T ST Bt of :the. protin | ] il Wekting ERM vt 4).1008 e storage packed extras, 20%. Chi M StP&P 5s'75 21 621, 51 | Ore Short L Ss gtd. 107% fgd’}{b::?lg'kd";f - ';mflh o welgh the fiscal policy of the. coun- Roy Dtch (m1.3406) y Weston El Instr (1). T o L R T e e s 35 | that until some agency with the. vee in terms of money rather n of V - % H NW 4s°'87 3 i - thorit sl S R Safeway Stores (5). ool ‘| Washington Stock Exchange wn 43ia 2027 b Orient dev 6s 53, 100 | Sutborty ls sble o obtain from, is- point out that there is plenty of money & Bafeway Btrabf (1) o Rock MS 147 ; Py W con 4% s. 21 51 79% | Pac G & 11 s < 104% 104% | thelr actual position from week 0 week in the country in the present depres-; 107 e pis Yhite Sewing Mach. 4 Washington Gas 5s 1060—$1,000 at 100. | Srrb W rL 583037, 2 ¢ 5 5 | Pan-Am P 101% 101% | or month to month with respec sion, but that it is lying idly in bank StLaule &an®ean. 6 White Sew Mach pf. Lt e et e B | SHI & ewis - 9% 1091 109 | Paramount 6 93% sold bonds, that little in the vaults. Mere reduction of Government | s o4 & Wilcox Ol & Gas. | Washington Rwy. & Electric 48 ‘51— | Chi Rwys 68 27. ... 3 Paris-Ly M 6s ‘68 u way of regulation similar to that in expenses, dodging of taxes by business, | H s‘k‘"&“ ?’":.n's'xr- Willys-Overland. g $2,000 at 893, $1,000 at 893, $1,000 | Chi RI&ZP gn 4s ‘85 . 9 4 Paris-Ly M 7 ‘58 effect during the war can be expected. will not thaw out those frozen funds. X sc “'l: - 3140) . 5 Wilson & Co A E 5| 8t 893, $1,000 at 89%;. ChiRI&Prt4s'34 5 985 4| Paris-Or 5%s '68. .. * Some such plan as this is now being Something more than a negative policy, Scott Paper (31.40).. 4 “ Wilson & Co pf. 9 221, 2 Capital Traction—50 at 33, 10 at 33. |ChiR1Icv4%s’60. 15 - % Pathe Exch 7s ‘37 advocated. It is expected that it may such as is here suggested, is needed Seaboard Alr Line. ., R 65 ' Woolworth (2.40) 3 5 74 | Potomac Electric 5!z % pfd.—5 at 110%. | Chi RI&Pac 475’52 5% 85 Penna 434s D'81... % | be presented in form before the 1o start the wheels going again. 7 Sears Roebuck 32%. & %, Worthington Pump. 3 Merchants’ Transfer & Storage pfd.—10 (‘;hl UnSta 4%5°63. 6 % Penncv 44s ‘60 % ' end of this year. # Seneca Copper. 3 56% Wrigley (Wm) (4).. at 93. Chi Un St 55°44..., 5 4 14 | Penn gen 41%s "6 9 it (Copyright, 1931.) o Public Dell;: lnt;fa: ey ' O Towneus) .. g Merlgensmgner Lfinotype—io at 81. C& W (nd cv 45752 1: Penn 43%s 70, SR e e recent swelling of e leral | 1 Yellow Truck. 2 Real te Mtge. pfd.—10 at 61z, Chile 6s°60. ... . 761, | Fenn 4% s 63, ¥ e e e e 5 2 ‘ Yellow Truck. ... e Crllegs'60......... 20 1 pne & NORFOLK SOUTHERN R. R. ments, after 10 years of regular re- Sharp & Do pt | ¢ 4 % bt 5 @uction, again brings the whole subject 1 Shattuck F G (11%). 26% 25% 264 Zenith Radio........ 74 | Capital Traction—10 at 33, 10 at 33, 10 | Chile 7s g 921 9 T Eber it e " Race sheet; of Norlole Souihern of public indebtedness into the spot- 5% Shell Union OIL. ... . RIGHTS—EXPIRE at 33, 3 at 33, 30 at 33. P L R T Peor & E 15t 43 40 \ e Wil oy e 3 e Rt ot % 40 40 7 EXPIRE. ! Electric Power 6s '53—$1,000 | CCCASTL 418 B.. 19 99 985 oew . : compares with 1929 as follows: light. = » Sou Cal Ed...Apr20 78 24 Potomac_ Ele: i “Ter - g Pere Mar 4%s ‘80. Yet 69 per cent of the total expenses Shubert Tiiente i z Sales of Stocks on New York Exchanga. £1 1083 A b (l:;;';. o s Peru 63 '60 2 LT 1929, {or “:dm]nmtfi;]er‘\‘g mgco\cx;r.xjm;flilm{“l :’,‘“; 57 Sinoiats Con Ofi (1) o E . 400000 12:00 Noon. @ Bid and Asked Prices. Colomb 65 Jan 61.. 13 6 ps; JESTRASCEY 4P '";’,,3‘,‘3‘“,’,‘,’.,‘““‘-“‘ 134,460,034 s‘::wrzovcmmenu, This is where the < on.. . 5 e Rl s e b #00.000 BONDS. ?-233'2“5‘2.‘.‘"."2‘.%?‘ $ 3| Phia Co 53 C g n 2 % S Dividend rat i in the abe 1 3 . ks e NG 10 et wenion, 25" Sloss Sheffield St pt. 3 Y | cash Buments based ok fhe Tateht uaftery of ha SearhadBaue! FUBLIO UTILITY. o,y , | ol G 52 May 52 1003 1001, | Entle & Read ¢2°45 Miscellaneous ‘Sioperis % e ‘ L Bld. L | o ves 4 9815 9 et '39. 7 ment is largely a hang-over from twe| &3 LA T o d Upit,Of trading less than 100 shares. (Partly extrs. spiug | Amer, Tel, & Telen 19 '30... 129 S| CCMa Tt rese s 35 55 |Ciisbw Mences.. i : other avestment S0 Y n scri) 1Plus 9% 3 s 7 o 3 | Ce % m " e A . . g:figk:;m:;g fécafihinfigfifie?fi?".ref’fé‘: South Port Rico Sug. 128 2 Tesular Tate, b Payable In stock, d Bayanie when Horiss | Anacostia & Bot. K. R. 35 7 ConG N Y 616n 45, 1 P CC&SIL 43817, Cash .. el B € Pavable in cash or stock. {Plus 8% in stock. & Plus 6% In stock. | ABacostia 6 Con Pwr Jap 6%s. o PCC&StL5sB.. operating on a fairly definite “cash- South Cal Ed (2) 46% hPlus 2% 1 stock. ) Plus 50c In special preferred: stock ~ % B | C. & P. Tel. of Va. 5s.. 03 ke e e P& WV 41%sB 50, tock. and-carry” basis and have gone far {o 90 South Pacific (6).... 91% 90% 90% 3% in stock "m Pald this Year-no reguiar rate. n Flus 5% in stock: oy ool B M P&W V4158 C 60, reelved o i eliminate bonded indebtedness. It s jos Copenhag 6s 52. ... i | Poland 6s°40. ‘ i 70% | RSN and diviends ' would be wrong to conclude, neverthe- quarterly common dividend, formerly| Crucible Steel of America operations 3 ;| Cuba5%s 45 3 Poland 7s *47. “y fed ™ 2188 less, that this is always desirable, either | ! 3 tiees ICubs 5s ‘52 g Poland 50 3 Treas. di t 89 socially or financially. CORPORATION | |paia s1. | at about 50 per cent of capacity; first | W - A { ) koot B e s e | Deterred assets ;1! S0 Cuba RRrf 7383 kil Por RTam 6s°42., While 0 much of the public debt is New York, New Haven & Hartford | quarter business off 50 per cent, but 10 E1ney Pos Tl e ot Unadiudged. debi G n % Cuba Nor 53%s 42.. 6 carried by the States, fully one-fourth R. R. willing to enter store-docr deliv- | . e ’ Prta Ty RN of it is concentrated in two States. REPORTS ery service if necessary. | per cent higher than last quarter; not| Wash. G Del & Hud rf 45 '43. i Al i P H 3 venes Prussia 6: . Th:se are New York with bonded debt | Pennsylvania R. R.—Regular $1 quar- | earning preferred dividend needs; 75 to | Wash: Hay. ; Denmark 4%s'62.." 61 : Pureonssa s, 11 o il e of $259,000,000 and North Carolina with | terly dividend. | 80 per cent operations needed to cover MISCELLANEOUS. i e L R o . & Funded_devt:. . $162.000,000. | | TRENDS AND PROSPECTS OF Pullman, Inc—Regular $1 Quarterly | common dividends. i o o S .| Dommark 62z, 00 3 3 Queentand gs47... 1 79 B ndlncs sisabie The present- ches ney marl { o) ; vy Chage Club §328.:: . .. 4 3 . % , . % i D i kit Sl LEADING ORGANIZATIONS | |AWHend 0 o0 \oion gross $3.-| Ford Motor March passenger car reg- | Shimmnss Sousiis G 1 03 |D&RGra%sas . 3 . Payabi : able : - - A o Repd gn 4% s A '97. Miscellaneot ounts sive bond issues with the assurance of 1410997, against $5369.668: net avail- | istrations in 21 States totaled 18,694 |5y S Tone’ eis; 8% 2 DRG& W st 53 78 7 Rehd Jer Cen 48 51 5 . =3 i payable . 59.316 ready takers. but in the long run this| ypw YORK, April 16 —The following | able for common dividends and re- |y 38540 March, 1930. Washi, Cons. Title 8s.-.... 0000 «.oue e mT oS L ety 3% | Rem Arms 6s A '37. Interest “matured s (0 policy not cnly adds to the State tax | quniniiCor important corporation | serves $1,586,533, against $4,048,500; 12 Sanioitl Sl M i e doad STOCKS. o o Rem R 5%s A - DRidends matured un burden, but will deplete the market e prepared by the Standard Kmonths' gross $55,476,751, against $50.- | Gene > Ly doe - Duteh Rastl € . g Rhinelbe 3 p: B 8 e oz " 2 s 35,095,201, | ers to consumers in United States to- PUBLIC_UTILITY. ch East I 65 '47. Interest of funds necessary when business stages | siatistics Co. Inc, New York, for the 007,114, $34,802,617, aqairist $35.098291. | 08 10 CO e o ke 2 1o o o 7EEHICH ; ki ol b g e Associated Press. e G O e Hlvest thomselves | cent over February, but 19 per cent | Amta Sadudt ce? ii; : East C Sug 7148 37 37 a7 37 |RichON cal 6n 44, . i 49% 2018640 New Aute Registrations. News Trend. |of an m"g:s of Towws, Tuc., sad mh-lufld" March, 1930; ‘three months sales Nush. Gas Lt Co (18,10 El Salvador 33 43, , g e «| R1o de Jan 6358 ‘53 Profit & loss surplus.. 6,776,182 0 Over 26000000 motor vehicl's spUN | ooy ihe way of the Pox | sidiaries in consent decree signed by |t0 consumers totaled 231881 units, off | F; S &', pid. 4 Erle 1st con 45’96 8 13 Total .............. 544104033 344,364,740 along the highways of the United States S Federal Judge Knox. | 19.4 per cent; March sales by corpora- ROk N, T DT Pid..... 1095 Lrie con 4s A 53... 2 *Comprises accrued depreciation of equip- in 1930, and their owners dug down | film refinancing plan are being adjusted. | Chicago, St. Paul, Minneapolis & | tion to dealers, including Canadian and | Wash. By & B e s A Erie conv 4s B. 7 5 ment and other unadjusted, credits. for £355,000,000 in registration fee “"'rne Government suit, charging viola- | Omaha ~Railway to start store-door |Overseas shipments, were 119,195 units, 2 g & Sepbrafrdd Erfe cv 55 '67. 3 3 315 | Rlo Gr W elt 9 83% 83% 83y —_——— censes, fin operators’ permits, ! & : Ao isi- | pick-up and delivery freight service in |24.1 per cent over February, but 12.1| NATIONAL BANK. Erie 58 '75. . 8198 315 | R 1 Ar & L 4% 1 100% 100% 100% TREASURY CERTIFICATES. in ‘hew Pegistrations was | o of the Glaylon act in the scquisl: | PLleup aBCL SEHEEE T | per cent under year ago; three months | Capital (14).................... 3L Erie & Jer 6565 14| Rome 6%8°52..... 49 904 89% 90 he Federal | tion of stock of Loew's, Inc., has been | Y% W S8 Bo0ve P01 1030 common | 304,547 units, off 17.4 per cent; March | Sohimbia W2)L it 318 T TR R " 904 o |Roy D4s" 45 ww... 20 oL 4 90%| | (Reported by J. & W. Sclieman & Co) the smallest | ended foliowing the signing of a con- | FEVERTE CNC (100 1o’ 4893, in- | Chevrolet passenger car registrations in ®; POTRRE Pinlana 83ga 58 i) VA s e oow | FtesMaturity, - i s | e R o e b, | cluding profit on sale of assets in both |21 States totaled 20,528 vs. 23,748 Rdhatd™ Finland 65 45 93% 94y [SUL&SFIn4nA.. 60 76% %0010 100 132 ve all holdings in Loew's, Inc., and éub- |C O, March, 1930. 3 $ Finland 7s "0 StL&SF 4%s'78. 136 65% = 1 i 108 3500 and two million. However, while pas- | sidiaries to the Pilm Sccuritics Corpora- | i e 00 330 | fygi ot 85 3 D |St LASE prin ® senger car registrations decreased, tion. | 5 Second (9e). " A Fla £ Coast 5 8 2 i 20% | StLS Wev4s'32., 9 38 Mar. 18, 1n tor trucks actually increased 3 p General Motors sales to consumers in D BOND AVERAGES Washington (13) © 200 Fond J&G 4135 52, 5 4 s ¥ 19: 101 15-33 cent, which truck manufacturers | yarch showed an encouraging gain of STO s i TRUST COMPANY. Fram 1 D 7%s ‘42 4 18 2 happy and railroad executives frown. | g per cent over February, but remains By the Associated Press. FERAP RS g Lo iy French 7s 49, ™ The two automobile leaders of thelgy| 19 per cent below March, 1930. From Yesterday's 5:30 Edition. Gontinental Trust (.0, 110 2 | French Gvt 7348 41 125% SanA & A P4s'43 5 % Sales. High. Low. Close. Union are New York and California | gaies for the three months are below atl Say. & Tr. 4 it b 5% 5. anr; | 5RO Pau Ta 40 rots. Texas Pac 65 D'80. 30 94% 94% 94% with over 2,000,000 regist-red cars each. months of 1930 by| | Heipee Qeorged 54 P H 1 95 ) Sao Paulo 85 36 1 Third Avref4s'6v, 3 50% 49} 49% The latter State also showed the Jargesh | (oo g Horee IO o, | STOCKS. Vs e Mo Gen Cable 5an 47. i 83 '8 Ry Third Avadi6s'60. 10 30 30 30 2 Gen Motors 6s '37.. 04y : 6s°32. 10 100% 100% 100:% e} gain in registration. nsylvania Railroa lared | A SAVINGS BANK. Sen P a5 4 X p Toho EI Pow 6s'32. % 1001 (Copyrignt. 1531, by the North Americas |, The Bennsyly i A ten o en P Sy 5168 '39. . 941 ¢ g Py Tokio 6%8°61 4% 94 94% <l its regular quarterly dividend of $1, 4 igsda . Gen St Cas 5%s '49 92 2 - e % i p T S 2 Seab A L cv . Un Pac1st4s’47... 35 100 99% 100 assed preferred and com- K 31. Gen Th Ea 6s 40. 2. 52 - X i G e PR abral Tire & Rubver | . German 5%s 65 6 2 |8ea All Fis 65 A °25 o ¢ 921 9215 921 w e mon dividends. { ; DUST STORMS CAUSE and Owens-Tiinois Glass each reduced | | Week ago. ¢ ? 3 ] 0. | German Bi s 38, 10 . Seine 78 *42 100% 100% 1001 their common dividends. | : 1 L Ger Cen BK 65 °60 2 o] SERECHRI B0 100% 100% 100% DAMAGE IN WHEAT BELT| e | .}’:’;e""" e e 2 v 8 | Ger Cen Bk 65 '60 O g2 Burha.Ceosi §9163... y 1061 106 106% By the Assoclated Press | Appalachian Cas acquires outstand- | | Three years ago. e e o R RN Foradi ol Snell Un oil 62-45. ’ 88 87 88 The Weather Bureau said vesterday ing common stock of Union Manage- High, 1931 - . . 140, . 2 2 Gorcoran. .',!n‘, % i g,,é;,ln:;, 7s "26” & nyetsu 1 s "84 lg;}: 1:;:: 153: “considerable damage” had becn caused ment & Engineering Corporation. X : : & | |Gremenss @y oodrich cv 6 '45. 52 in the Spring wheat belt by dust storms | concolidated Film Industries March e ? X TITLE INSURANCE. Good 1st 63 ; : q Sine Cr O 5%s '3 i W a wuraSunSeleniremculoaaslelan oo o a o o 8 ents. Miscellaneous accounts 282,457 22,11 100 101 17-32 v o 4 " 79 79! 7 B torme. we did some damage in the| LB gty FRABIRAENIES . - 141 ¥ i MISCELLANEOUS. S { 1 o 103 103w 1084 e abriel 0. Ross, b & 3 rt Nor s . 104 4 Rorthwestern portion cf the Winter | ,opye "§5,201, equal to 4 cents common Bor Medicar mal{'.“crfr':?'f'm Grt Nor 4% i7 E. N IO O "Along" the Great Lakes region, the |SaIe, againit deficlt $56870. Blat Nao. bk *aia. . f3 |GrtNorss'..... : 95% | W 3 100 108% 1084 Duresy said, forest vegetation had be-| Great Northern Railway March met Emer. Bromo-gelz. i Grt Nor gn 5348 53, 109 s 20 52 62 B2 e dry through lack of rain and | operating income estimated at $550,000, X . 00,7 . Federal Storage ptd. Grt Nor gen 78 '36. . 2 98 By e Tmany broh fires were reported | against $506,35¢ year ago; April results o dhy. Y Fed-Am: &3 oia (@) 100 |Greek6s'es....... 6 v 9 99% 105% 108% 108% ""X:,y .3,‘;‘ water shortoge was said to | expected to equal those of 1930 month. g 6 Lansio: n y 02% 106% | Gulf Mobile 63 °60.. 3 88% by % 3 63% 631 63% exist in the extreme Southwest and| Owen-Illinois Glass 50 cents common ¥ .. Mer 1 § 3\as- com. D83 100 |aEaseresse... West E) deb 58 44, farmers already were beginnign to irri- | dividend; paid 75 cents in preceding % . : Mergenthaler 4 , g " West Md 48 '62. gate. two quarters; first quarter earnings ¥ . N «;l. '"6;'!." , § Wes' Md §%s 17, Throughout the country the rainfall | $452.499, off 365 per cent. : R . 2 2 08 ) ern sections. e | Gary Heat, ater Co. froi 5. . ¢ The_Carpel Corp. (1.50c) 4 # 6 B R Aams while o High, X ¥ v n:ec;{x“m!.‘gfic%:mfi:_, 4 EHumble O1l 58 37, - 24 1020 | ; West Un T ¢%a 36 the Southwest had none. Steinite Radio Co. deficit, year ended ! 83 X Wash, Med. Blde, Corp. (1 8 Hum O&R 613 62 ¢ 1024 % 91 |WaLETaKs Warm weather and light rains, how- | September 30, $1.246,377, against deficit . 95. 1 woayas & [othre o y Hungary 7%s '44.. 103 | N Wil & o lat 6a a1 ever, made conditions ideal for planting. | $148,592 in 1929, . +Ex dividend. 1 % BT istpr6s .. 3 106% 106% 2 e Pirst Naticnal Stores’ tonnage sales DR Sioved, o W 11 Cent 45 53 . 82% % ditions still are needed in the for five weeks to March 28 were 8.9 386 SR : e ley and in the Northwest Spring wheat per cent above year extra, R . 11 Cent 6%s 1 Tire & R\l‘gfl Co.—15 cents 1% extra, extra.