Evening Star Newspaper, April 19, 1931, Page 68

FINANCIAL. BONUS PAYMENTS TOTAL $473,505,000 "zu' Veterans' Bureau Has Speeded Up b Distribution of Money. FINANCIAL THE SUNDAY STAR, WASHINGTON, D. C, APRIL 19, 1931—PART SIX PRICES AREMIXED |[ BOND SUMMARY FOR THE WEEK INBOND DEALINGS)| - e 100 20 Lib 3%s 1932-47 10313 102 8 Lib 1st 434 s 193: ..102 26 10222 10223 104 4 10224 Lib4th 4%s1933-38, 104 103 24 10329 102 80 1006 US3%s1940-43.....10121 10114 10121 +7 10020 U S 3%s 1943 10124 10120 10120 —2 101 l 1042 US3%s1946-56 105 28 10521 10525 + 1 1092 10529 US 45 1944-54 10727 10722 10727 +1 1139 10914 US4%®1047-52.....11130 11123 11123 + 1 ~—1931.— Net i High. Low. Stock and dividend. Chy 100% 90% Abram & Straus 53%s'43. . 8715 771 Alleghuny Co cv 58°44. 105% 103'4 Am Agri Chem 7%s'41. 47% 40's Am Beet Sugar 65 '35. 102 Am Chain 6s 1933. . 102 Am 1 G Chm 5%s 1949 Yas of modwse’ DRl | Togy Am Internation 6%5 49 5115 Am Natural G 63542, nd few significant price changes 104 Am Sm & Ref 1st b8 "4 ‘tions appeared. Foreign bonds contributed substan- | 10¢ tially to the limited turnover because( jgg.. of their activity. Changes in Argen-| jgo. tine bonds were much smaller than| ‘90 They reflected the more favor- | e able political eonditions reported from that country. ~Brazilian loans experi- ! enced large sales and reflected renewed selling pressure. The 8 per cent issue of 1941 of the federal government lost about 1 point and smaller declines pre- ‘Vvailed among other loans of that nation. Fractions' declines in Australian is- sues followel the news of the with- drawal of cr:dit to the commonwealth government by the Commonwealth Bank, which confirmed previous reports on which the bonds slumped sharply yes- terday. German 5}:s and Peruvian 6s ‘were active. Changes in most ether foreign obligations were narrow. loans had a mixed trend. Atchison General 4s, Pennsylvania series D 4!:s, Missouri Pacific series F 5s and Nickel Plate 4!2s were firm and moderately active. St. Paul 5s of 2000, Illinois Central 4%s of 1966 and New ‘York Central 5s of 2013 were easy. United States Government bonds were unusually quiet. with nominal No sales of any sort in a number of this 70% group. A number of fairly wide changes ap-| 93 peared in the industrial srnup. but most | 102 of them were made on small or moder- sales. This Net Close. Chge. 100 - % UNITED STATES GOVERNMENT. High. Low. Close. 10126 101 22 10125 High. Low. = +es 100% 100 Jlmllll!fil B985 e non 108 lloet and_ dividend. !mk and GMGOM Realty & Imp(2). b Net Chse. +1 -1 106% 81% 102% 95% 97% 6814 94% 104% High. 3% 20% 21 46% 138! ib] ot elting & Ref (1). 42 Stand Oilof Cal (h2%).. 48% s Smelt & Ref pf(3%). 102% Stand O1l Export pf (5). lOSK 13% Stand Oll of Kan (1) 15% Stand Ofl of NJ(12). Starrett (LS) (12%) Sterling Sec A)... Sterling Secur pf (1.20), Sterling Seccv pf(3)... Stewart Warner. .. Stone & Webster (3) Studebaker Co (1.20).... Foreign Llst Proves Feature ‘+_' of Market—Utilities Group Firm. Special Dispatch to the Star. NEW YORK, April 18.—Gen. Frank T. Hines' statement that the Veterans® Bureau has already disbursed $373,- % | 505,000 in bonus loans to World War Kendall 6%s Kreug&Toll Lackawanna S: § ¥ FE2 Unit Stores pf (4) . Universal Leaf Tob (3).. Univ Plctures 1st pf (8). Univ Pipe & Rad. Utll Pwr&Lt A (012.13). Vadasco Sales. Vanadium Corp'n. Low. Close. 981 99 % T 4 104% — % 42 -3 101% 100% 91 High. 100 79 . 104% .42 . 101% 101% = BY ALEXANDER HENDERSON, Associated Press Pinancial Writer. NEW YORK, April 18—Trading in bonds 4 Louis & Nash uni és'40.. Manati Sug s £ 7%8 42 + % 2 St Ry 78 A ‘40 16336 g i Superior Oll. Superior Steel. Symington. .. Symington Class Telautograph (1.40) Tennessee Corp (50c)... Texas Corp (3)..... ‘Texas Gulf Sulphur M) . ‘Texas Pactfic C & O11 Texas Pac Land Trust Thatcher Mfg (1.60).. 22 5i i Milan 6%s ‘52 MiIlEIR&L 1 Minn & St L ref 4 MStP&SSM6EY 4 Mo Kan & Tex 1st 48°'90., 4 Mo Kan & Tex adj 53 °67.. Mo Kan & Tex pi ln 6SA.. 100 Mo Pacific gen 4 I3 Mo Pacific b: Mo Pacific 6s Mo Paclfic bs G. % Missouri Pacific 5s H '80 Montana Power s 1943. . 4 Nassau Elec ¢3'51 Nat Dairy Prod 5 Nat Radiator 6%s Netherlands 6s*72 New England Tel New South W N Y Cent deb 483 .o 100% N Y Cen ref imp 65 2013.. 106% N Y Cent deb 65°35...... 106% NY Chicago & StL 4%s ‘78 85% NYCh& SLref6%sA., 104% NY Chi & StLouis 6s '32. 101% N Y Edison 15t 6%s°41... 116% NYN H&.H-rtl’él'lh. Va-Caro Chem of (7). Va Elec & Pwr pf(6).... 1 Vulcan Detinning (4)... Vulean Detianing pt (1), Wabash RR. .. % Wabash RR (A) Waldorf System uu). . Walgreen pf (63 ) % Walworth Co (1). Ward Baking (A). Ward Baking B. sggg i Am Writ Pap 6s Argentine 5s June 89 Argentine 6s A 57 78% Armour & Co 418 Armour of Del 6% Atch T & S Fead) AtchT&S F gen 48°95... Atch To & S Fe 4 %8 48 Atlantic C L 1st 4s " At] Coast Line 418 '64. Atlantio Ref deb 5s'37. 56 Australia 58 '55. % Austria 78°43.... B & O gold 4s '8 8 CEEs " resrs ws 5?5 again, Theb was & job big any “business” After the war, Gen. Hines - P4+++ 1041 +1+0 0 +10 1 & FE T+ FrFessn 103% 76 107% 987 101% 109 104% 104% 110% 98% 105% 9215 88 90 10413 1091, 103% 36 Warner Bros pf (3.35).. Warner Quinlan Warren Bros (3). W'ren Bros cv pf (! Warren Fdy & Plpo @ Webster Eisenlohr., Webster Eisenlohr pt (1) Wells-Fargo Express. .. Wesson O11 & Snow (3).. Wesson Ol & Sn pf (4). - FEFE Thompson (J B) (2 Thompson Prod (1.20 - e+t FEF Timken Det Axle ) Timken Roller Bg (3). Tobacco Products. . . Tobacco Prod(A) (195c). Transamerica Corp (1).. Transue & Willlams (1). Tri-Continent] Corp. Tri-Con Corp pf (6). Trico Products (2% ) Truax Traer Coal Co ‘Truscon Stl (g1.20). Twin City Rap Tr (§4) Twia City Rap Tr pf(7 Tlen & Co ( - INCREASED EMPLOYMENT IS NOTED IN MARYLAND Special Dispatch to The Star. BALTIMORE, April 18.—A gain of nearly 1 per cent in employment in selected manufacturing industries in to March is reported by Dr. J. Knox Insley, Maryland commissioner of labor and statistics. Another increase of 43 per cent in combined pay rolis also was reported. Of 263 esetablishments for which operating time was reported 132 plants ::re running on a m“lx.l& T !mklnc overtime 1 m on a pl.n- e :nl. - mm a group Tetall ts showed a of % |over, 3 per oens_ and the. smours of combin & loss of ‘The Insley is com; made by 5 in which uon persons were employed in March. 3 +1 - & 1000 8612 4% 78 101% 107 101% 221, 103% 991 49 62 98% B&OS W Div 68 '60 Bangor & Aroos 4s 5| t Penn Power pf(§). Bank of Chile 63 1361 West Pann Power pf(7). Belgium 6s ‘55 1 Beth Steel p m 5336 Bolivia 7s ct 69. Bordeaux 6s ‘34. Boston & Maine 55 Brazil 6%s 1926-57. Brazil 8s'41... Brooklyn Manh 1st6s A. . 1067 b 108% P N Y Wes & Bos 34846 anrn Union Tel Norfolk & W cn 48’96 North Amer Ed bs '57 101% 106 100% 101% + % 1073 100% + % Un Oil of Cal (2) Union Pacific (10), Union Pacific pf (4) . Union Tank Car (1.60) United Alreraft... Unit Aircraft pf (3). UnitedBiscuit (2). L+l atio Canagian Natl 4% 7 100% Canadian Natl 4345 °68. Ofl 5s, '%mh a) Sy el oy Can Nat July 65 '69. Public Uutllity bonds were steady. Canadian Natl 5569 Oct.. issues closed Norway 5% Ore Wash 1st Orient Dev 5%8 '57. Centra: ;:::g(nflo Pacific Gas & EI 6 Central Pacific 4 Certain-teed 518 19 Wileox & Rich (A) llfi.. Willys-Overland. .. Willys-Overland pf (7). Wilson & Ce. . 4 Pan-American 6s ‘34. 'am-Lasky 63 Paris-Lyons-Med Paris Orleans 5% [N United Cigas Utd Cigar Stores pf. Unit Corporation (75¢).. United Corp pf (3).. United Dyewood . United Elee Coal United Fruit (4) Utd Gas & Improv (1.20) Un!ted Gas Imp pf (5).. United Paperboard.. ... Utd Plece Dye Wks (2).. Utd Plece Dywks pf 6%. U S & For Sec. x U S & For Sec pf (6) 9. Ches & Ohio 4%5 93 A Ches & Ohlo 434s B '95 ChiB&Q4%sB 7. Chi B & Q ref 5s'71. Ch & East 111 gen 68 51, % Chi Great West 486 CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS 2 Wilson & Co pt. .. Woolworth Co (3.40). Worthington Pump. Wrigley Wm (4). Yale & Towne (2) Yellow Truck & Coaeh. . Young Spring (3) . 21% Zenith Radlo. .. 2% RIGHTS—EXPIRE. Sou Cal Edison..Apr20 2% Fie Dividend rates as given in the above table a: 1, | cash payments based on the latest quarterly or half o3 ratlons. *Unit of trading le 7 in elocat TR Th Seth 1O0RTE SPRT o reailar S yuble I cash o stock " § BR "3“ n stock 1 | S0k b Phus 3 in stoct 3% in stock n Plus 8% in sioc -— BALTIMORE STOCKS. Spectal Dispatch to The Star. 1 & Penna RR 4 tinn 8% 24% 12% Penn s 1964 Penn gen & $°36. 0000 of SR F Philadeiphia Co bs 67 Phil&Read C&] 65 wi Philips Petrolm 6%’ Pittsbgh&WVa 4% C '60 Poland 8s ‘50 Postal Tel & Cab 63 33. .. Queensland 6s 47 Queensland 7s 4 Reading 4%s ‘97 s 58 gz Chicago Rock Isl 4*»‘5 4 Chicago R 14%s A 102% Chi Union Station 44 114% Chi Union Station 6%s. 8714 Chi & West Ind con 4 102% Chi & West Ind 5%8°62. Chile Republic 6s 1960 Chile Copper 5s *47. . corporation news Statistics Co., Inc., New York, for the I.l::'l:.:\ll:: Associated Rasiies arant; -nlulosun 1008 North Avenue 1000 United' Rw: %" S United Ry, & Hiec. extra, 3Pius a Pald last en earned. Jnhu o1 in "Brelerrea Srock %PIoE News Trend. 12 A constructive development is " 3204 19% 27% 18% 20% 9% oil industry, in the form of an agree- icers providing Tor Jimitation of bro- for of pro- dm.-tum on the basis of Nnumap t vedthumuchlmwrhnu eunbeuachadtauuabovo report. Dmrmfi orubor inde: lbvvedlm X, in March ‘which would carry ce, are not at wuenz n-u-_ The Industries. Bullding residential contracts in New York area in March Oll— agree on mblllza—. plan providing for limitation of | production " on basis of Nation-wide | supply and demand. The Companies. Anglo Chilean Consolidated Nitrate— Consolidation with Lautaro Nitrate and Compania de Balitre de Chile ratified. Atlantic Refining March quarter defi- cn $2,162,800, against net income $1- -m" , equal to 42 cents common| Buffalo, Niagara & Eastern Power 1930 common share earnings $4.97, lnum $5.24. Kansas Electric Power 1930 $7 pre- :;rfig share earnings $21.81, against| { Magma Copper March quarter com- | mon share ‘earnings before PFederal | taxes, 27 cents, against 95 cents. Pirst- | quarter output refined copper 7,245,889 pounds, against 6,830,030 year 3 costs after deducting gold and silver | :;:ucx were 8.80 cents, against 1227} Memphis Natural Gas sales up ID' per cent; 12 months up 21 per cent. Pathe Exc] e deficic year ended’ December 27 7,171, Seagrave Corporation’ March quarter| deficit $22,418, against deficit $41,447 Allied Chemical & Dye—Total expen- | ditures on Hopewell Atmospheric Nitro- | gen project to be less than $50,000,000; | expended $40.000.000 to April 15. Allied Motor Industries 1530 deficit| $394,580, against net income $211,600 equal to 47 cents common share in Alpha Portland Cement common £hare earnings 12 months to March al $1.49, against $2.13 American Transformer 1930 deficit $28,506, against net income $105,869, equal 1o $2.65 common share in 1929 Armour & Co. (Ill) tonnage sales TUNNing 25 per cent ahead year ago; prices on average about 25 per cent| ahead year ago; prices on average about 25 _per cent below 1930 levels, | British Columbia Power, Ltd., March | gross off 3.4 per cent; nei earnings off 16.7 per ceni; 9 months gross off 0.1 per_cent, net up 17.1 per cent. Chicago_Yellow Cab March quarter| wml mmon share earnings, $1.02, against Erie Railroad common share earnings estimated $1.80. Pederal Water Service operating reve- , nues up 4.1 per cent in 12 months to January 31; net income after subsidi- aries preferred dividends off 14.9 per cent. i Klein (D. Emil) Co. first quarter sales up 13 per cent New York, New Haven & Hartford Rafiroad 1931 common share earnings estimated $8.90. Pennsylvania Coal & Coke 1930 deficit $28,250, against net income $109.420, equal to 66 cents common share in 1929, Reynolds Metals Co. earned 46 cents ® common share in March quarter, against 49 cents in 1930 period; ¢ p"cL" 10 show 75 cents for second quarter. United States Rubber—President states ' economies will allow profit in current | year if unit volume m-mumeu at | 1930 level: so far operations have been below & year ago inventories are at 3 has no bank debts, rghts %o mamacurs e 4 Chinese Govt Ry 68 °'51. 24 CCC&StLri4%sE'TT. 1 0 1011& Afih 101 0% 47 Czechoslovakia 83 51, 4 Del & Hudson 5%8'37 Denmark §%s 1955. k 68 " Dutch East Indies Dutch East Indies 4 Erfe 1st con 4598, Erfe gen lien 45'96 Fiat 78 (xwar) "4§ Finland is'50. Flor East Coast 55 French 78’49 124 French 7%s'41 89 Gelsenkirchen Min 6s°34. 77% General Cable 6148 1347 101% Gen Motors 63 '37. 69% Ger Gov 5%8 '65 wi. 78% German Bank 6s 1938. 99% German 7s'49.... 99 Goodrich (BF) 6%s "4 87 Goodyear Rub 581957 105% Grand Trunk s f deb 110 Grand Trunk % Great North 4% » Great Nor gen 5% 1094 Great North gen 82!; Greek 63 1968. .. 22% Havana Elec Ry 6%s.... Hudson & Man adj 58'57 Hud & Man ref 55 '57. Humble O & R6%s '3 88 Illinoys Central 4% 94 Inland Stee) 4% 1978 6844 Inter Rapid Tran 6 68!4 Inter Rap Tr 5015 Inter Rapid Tran 6s '3: £9% Inter Rapid Tran cv 7s 941 Inter Cement 5s°48...... 37 Inter Gt Nor adj '65..... 895 Inter Match §8°47....... 83 Inter Mer Marine 65 '41.. 71% Inter Paperbs A '47..... 81 Int Tel&Tel cv 4%s 39, 100. 101% Irish Free State 58 ‘60 12 963 109 1107 86 2313 2"'1 1045 1085 100 + 0| Rhinelbe 7s. Rnine Westphalia 6852. . 4 Rio de Janeiro 8s " Rio Grande Do Sul 65 68.. Rome 6%s '52 SLIM&SR& StL&SFprh StL&SF4% StL & San Fr 68 B50. St Louis 8 W con 4832 Sao Paulo State of 853 5 Seaboard A L ref 4a 69 Seaboard A L con 6845 Beine Dept of s. Serbs.Croats&Slavis'62 99 100 100 | 1 33 1007% | 100% 4 Serbs Croats Slov 88 '62 Sinclair Oll 7s°37. Sinclair Crude O11 Sinclair Pipe Line bs " % Southwes Bell Tel ll’l‘ South Pacific col 4 95 South Pacific ref 4% South Pacific 4 158 "68 Southern Pac 4% " Southn Pac Ore 4 4 Bouthern Ry gen 4 Southern Ry 1st Southern Ry gen 6 South Ry dev 6% '56.. Stand OII N J bs 5tand O/l N Y 4%8°51 Swiss6%s "46. Tenn Copper Texas Pacific Texas Pacific 55 C Third Avi 4 Third Av 'u 944, 9914 8014 1064 103 108 103 9% 105% Union Pacific 1st 48°47. Union Pacific 4s '68. Un Pacific ref 4s 2008 United Drug 6s ‘53. Utd Kingdom 6% s ‘37 U S Rubber 18t & ref 5s. Uruguay 6s 1960 Utah Power & L Utilities P& L 6%8 '47. 83% Vi 4 101% 104% 65 102 3 5515 9015 78% 90%s 565 107% Wilsol 95 100 9014 103% & Co 1st 65 °41 Yokohama 6s *61 Youngstown Sieel 5 nna 6s 1952. a Ry & Power 53 virginia Ry 1st 5s Wabash 4%s 1978 Wabasb 1st 6s*39 104% 65 102% 1094 99% 99% ©101% 101 | staintess steel, heat-resisting steel and} other Krupp steel processes. Allis-Chalmers Manufacturing—Close- | | 1y ‘allied interests of company negotiat- | ing for control of Claybourne Process | | Corporation, manufacturer of printing m Huttig Sash & Door 1930 deficit $216.577, against deficit $27,568 International Telephone & Telegraph | —Spanish subsidiary reported handled | record business volume in past several | days; does nct expect any trouble over concession which was ratified by the Spanish legislative bodies some years | 2go. Oklahoma Natural Gas 1930 com- ! bined preferred share earnings $17.95 Feople's Gas Light & Coke common bare esmnings, 12 months to March $10.79, against $11.39, Situte Alegre Sugar—Plan to reor- | ganize company abandoned because of | adverss conditions in sugar industry; operations of company to ccntinue. Westvaco Chlorine Products dollar | rales for first quarter off 24.05 per cent, net earnings off 7 per cent. Foremcst Dairy Products stockholders to vote on capital changes, including creation of new preferred stock, reduc- tion of existing convertible preference and common stock and issuance cf bonds or notes Kansas City Public Service March | quarter $7 preferred share earnings | $1.86, against $1.06 Stell Union Oil subsidiary, Shell Oil, adopts five-day week for employes in | fields, pipe lines and refineries. Empire Gas & Fuel Co. (Delaware) | combined preferred share earnings, | | year ended November 30, $18.33, against | $19.53, Gillette Safety equest for closed hearings in $21,000,- ooo suit brought by minority stookhold- | |3 ers | Kennicott Copper 1930 output 346,.- 115,719 pounds, sgainst 501,134,007; average 1930 selling price 11.85 cents, sgainat 1815 cents Kroger-Grocery & Baking buys 26 | Memphis units of Saunders (Clarence) | Stcres for $130,500. Raz:r—Court_refuses Redmond & Co.—Heavy liquidation in the lnst bgur of Fridsys market the . beginning of Baltimore Markets Special Dispatch to The Star. BALTIMORE Md, April 18.—Under more liberal receipts and only a lim- ited movement for storage, the egg mar- ket silumped badly the past week, val- ues declining 3 cents a dozen, and for the first time in many weeks accumu- lation of stock is noted. Sales on the exchange also have been limited, most of the business being confined to street | | sales, with demand only fair, even at | the lower prices prevailing today. The market closed at 17 and 17} cents for nearby firsts, with current receipts also bringing 17. Duck eggs in fair receipt and ample for the demand, the market | ruling easy and values a shade lower, at 23 cents a dozen. Only strictly fresh laid, large eggs will bring top values, however, most of the duck eggs arriv- ing from nearby points showing evi- dence of having been held too long, as well as mixed with small, dirty eggs, which have to be sold at a discount. Poultry Prices. The live poultry market has held | steady the past week, and prices are holding up fairly well under moderate receipts and a good demand for large, fat stock. Young broiling chickens, 13, pounds and over, meet with ready sale at 38 to 40, but white Leghorns will not bring over 35 to 37, and all other mixed, colored young chickens selling | mostly at 30 to 32. Shipment of broil- ing chickens under 112 pounds not ad- visable, as the demand is for large fowl, and all underweight stock has to | be sold at a discount. Old hens, 3!3 pounds and over, continue in good de- mand at 22 to 26, but Leghorns will not bring over 20 to 22, with all poor, thin fowl neglected at 15 to 16. The _season for capons is over, and ship- ments are not advisable, while old roosters are in liberal receipts and gen- | erally slow sale at 13 to 16. Demand for ducks is only fair and centered on fat, young ducks, 4 pounds and over, at 23 to 27, with smaller and poor slow sale at 18 t0 20. The market for guinea fowl and pinonl holds auwy with a fair demand prevailing, at to 15 euhmrmefmmd!flnlsutr but ample for the demands which slow and the market is dull and draggy at 1.75 to 2.00 per 100 pounds, with mixed, ungraded stock selling mostly 1.25 to 1.65. Sweet potatoes and yams {in Nberal receipt and the market is mostly in buyers' favor at 2.75 to 4.00 a barrel for the former and 3.00 to 375 for the latter, but over large, un- graded stock will not bring over 2.00 o Nauve and nearby garden truck con- tinues in liberal receipt and with the demand turning to early southern veg- etables the market is easy and prices in the buyers' favor at the following quotations: Kale, 25 to 65 bushel; Spring onions, 150 to 1.75 per 100; radishes, 2.0 ; rhubarb, 5.00 to 8.00 a hundred and spinach 30 to 50 bushel. Live Stock Prices. ‘The live cattle market rules generally quiet and dull despite light receipts on the wharves and the general movement 15 slow, there being very few choice fat cattle coming in. Wharf receipts con- sist mostly of common, rough lwck which is slow sale at inside Quotations today at Light Street Beef cattle, first quality, 7 to common to medium, 5 to 6; bulls, as to quality, 3 to 5. Cows, choice to fancy, 4 to 5; common to fair, 2 to 3. Oxen, as to quality, 3 to 5. Calves, veal, cholee, 7i4; large fat, 6 to 7 large rough, 5 to 6; thin, 5; rouch and common, 4 to 5. 4 1 bucks, 2'to 3. 10; fair to good, 6 to 4 to 5; Spring lambs, to 45 pounds, 12 to 13. Hogs, straight, 8; sows, 6 to 7; stags, 4 to 5. Live pigs, 13 to 15. Shoats, 10 to 12. HOME LOANS LARGER. AMINNEAPOLIS, April 18 (Special). —Moderate increase in the avezage size of loans on_city residential property funded by Investors’ Syndicate was shown during March and the average approximated that for the first quarter of the year, according to a report is- sued by E. E. Crabb, vice president of CHICAGO LIVE STOCK MARKET| CHICAGO, April 18 (#) (U. S. De- | partment of Agriculturc).—Cattle, 300 | head; compered week ago, weighty | steers, 50a1.00 lower; better grades showing most downturn, but all kinds back to 1926 levels; light steers, 25a50 lower, mostly 50 off unless both light | and of yearling type; light yearling -uen and light heifer and mixed year- | xx steady to 25 higher, most light ers bem‘ fully 25 up; supply yea lings very scarce, medium weights and weighty steers predominating in re- ceipts; fat cows, 25a40 lower, heavies off most, low cutter and cutter losing early advance; fully steady; bulls, 15a 25 lower; vealers steady; extreme top weighty steers, ; good to choll:; yearlings, 6.75a8.75, average cost being approximately 7.75. Sheep—5,000 head; for week, 193 doubles from feeding stations, 27,100 direct; compared week ago, after 25a50 price decline early in the week, light and medium weight lambs regained loss to close steady; light-welght clippers strong to 25 higher; heavies, 25250 lower; fat sheep, 50 or more lower; not enough native Springers to test values; practical top late, 10.00; short deck, 1015, highest since August, 1930; clos- | weights, 9.25a9.60, with 102 llfl-mnd averages 8.6029.00; best clippers, 9.2 bulk medium weights, 8.50a8.75; heavies, 7.50a8.00; best Cllflornll B rin!ns. 3.00a3. “Hogs—11, 000 including 10,000 dire: slow, 'Ieak to 10 lower than Friday's lood to choice, 170-210 pounds, top, 7.85; 220-310 pounds, 69M7W pigs and light lights scarce packing sows about steady; compared a ‘weak to 15 lower; shippers 1,500; estimated holdovers, 2,000 ll.h'. lights, good and choice, 140-160 pounds, 7.60a7.80; light weights, 160- 200 pounds, 7.65a7.80; medium weights, pounds, 7. 35." 8 i Although there are many reliable and experienced air pilots among women, the contractors who fly the Government airmail planes do not employ women for_the hazardous worl Money to Loan first deed of trust o n-l uhh Cmnf: WELCH Realtor mn"“"fi !;"Al:“."n.w, NI‘I'BII ‘M‘ ad The Financial World's great offer our mest issue and Investment Weekly—Founded 1902 53-FM Park Place New York AMERICAN TRUST SHARES We believe the present offers an uppormnny to the invi North Ameri provide an un- ersified Thus through one investment it is possible, in our opinion, to pur- chase an ownership interest in the common stocks of 28 of Anmerican’s greatest corporations at depressed prices. KNAPP & CO. INVESTMENT uculufln Shoreham Metropeiiian 1552 Please Send Complete Information Name. . Trust Shares [ sersseransiiene COPPER PRICES OFF. NEW YORK, April 18 (#).—Trade circles today reported that a sale of copper has been made by a custom | smelter at 92 cents a pound, a con- | cession of a guarter of a cent from the ‘r\flmf quotaticn yesterday and equal to the low figure reached in the price slump last Fall. | O!.her custom smelters were said to open to bids at 9'; cents a pound. Pluducers continued to hold their metal {at 10 cents, delivered, and the export | price remaired at 10.20 cents. 1 Meanwhile, the American Bureau of Metal Statistics reported an increase in production for March, a development interpreted in the trade as bearish. World output last month was placed at 136,655 tons, against 128,685 tons in Pebruary and 129,390 tons in January. Production in the United States last month likewise showed an _increase, | totaling 57,922 tons, against 55,229 tons | in February and 53,429 tons in January. e e e In normal times about $3,250,000 is the amount spent on public works in !his‘ country, exclusive of Federal oper- ations. April 14, 1881 1891 1901 1911 921 - John Waldman C. Rammling Jame, !E 1S ANNOUNCING Ist Year, 50th Year, 1931 . . . President...........E. J. Sacks Vice President..John Henderson General Counsel. .. .C._ Chester Caywood John Hl.l Cl!ifiip:r Money Available for Mortgage Loans We Make It as Simple as Possible We want your application for First Trust Loans —both new and refinancing. All unnecessary pre- liminaries are done away with—we go straight to work on the essentials—and the money is ready immediately..the papers are approved. We'll consider loans on residential, apartment house, office building and business property—located in the District of Columbia and nearby Maryland and Virginia for l 3, 5 or 10 year term—at a fixed /27 rateof .... 0 RANDALL ll.l-lAc.Nl-:n & COMPANY 1321 Connecticut Ave. April 14, 1931 Our 50th Anniversary WASHINGTON PERMANENT -BUILDING ASSOCIATION 629 F St. N.W. 50 Yearsf Continuous Growth ASSETS 1882 . $38,824.95 . . $567,403.40 . $1,202,736.07 . $1,922893.88 $3431,867.63 $7,539,805.14 - . . OFFICERS Treasurer.......C. J. Bergmann Secretary. Hermann H. Bergmann DIRECTORS Joseph N. Saunders . Chester Caywood ax Walten Clyde H. Miller