Evening Star Newspaper, April 27, 1931, Page 14

“BUSINESS PONDERS| 1 < & RESERVE MEETING) _Continuation of “Do-Noth- ¢ ing” Policy by Federal Board Is Expected. BY JOHN F. SINCLAIR. NEW YORK, April 27 (NAN.A).— governors of the 12 Federal Reserve ks are meeting today with the Fed- ernl Reserve Board in Washington to “discuss business and banking. Nat- warally, the foremost question in the ..minds of business men is, will the pres- ent Rdenl I!Merve policy be contin- ask—What 1is that policy? And lht! will be hard to an- swer, ‘To one on the outside, it looks I:dike a “policy of drift.” s It is understood that an important ..communication will be presented to the OVErnors, suf t the Federal escrve banks enter the market more Jactively and buy more Government _bonds and acceptances, and thus pump “'a Lttle more credit into industry. ‘There are many who do not believe that this can be done successfully. The “"Federal Reserve officials will be cagey about doing anything, because up to -fatc the Reserve system has been crit- ndcized very little for its inaction in the present crisis. . If one were to judge from the past, -At's a good guess to say that the “do- ~.nothing” policy will be continued. It the invention of Toribio Bellocq, ‘the large Argentinian live stock pro- ducer and engineer, now in Was| Atands up in its future tests a: L has in its initial tests, it will have a lrulound and far-reaching effect upon he oil industry. M1, Bellocq i5 & mathematical genius. ,Jis family {5 one of the most distin- ; tuished in the Argentine, The live stock ranch of the Bellocgs is one of ‘zm- largest in South America. After years of patient and costly ex- rimentation, this studious Argentlnl-n developed a vibratory pumping stem which applies the most dnflni Te- “cent theories ol physics to the practical ,fi“‘m"fl of sending water, oil and other iquids to any distance. It is expected “that when it h applied to t.he pipe-line Andustry it will revolutionize As is often themuwlth Auchd.ll— ‘eoveries, the initial stage resolves itself into a masonry of profound mathemati- ‘<al formula. Then the practical step & stage has now been l... 'rhe Austro-German_economic_union 1s beginning to have the effect dreaded in France. The little entente, made up of Poland, Rumania, u‘oshvh and &chmlnnkh heretofore bound close- 1y to Prance both politically and eco- -aomlully is falling apart. - Attracted by the opportunities offered ;by the Austro-German union, these countries are ready to dicker with them for trade agreements. Thus the Euro- u lgtmmd by Aristide Efl. ‘whic! mneemmnl-y mufl. working the way From the looks-of things Atheunld‘nhnkelywhu:everybodym Should that happen Prance would ve {0 join as a matter of economic I!~pmervnuon. but Franee eouldnot is mt.elt ‘tah.lt vihe aunMenmn y adversely affect America; Should the u a KTI for mut 1 trad! with petty frictions ke \_To have American firms insist Russian products are being soid i out some plan ‘would do away “these. \cost of production in the systems of kvu countries cannot be ra’;md by u‘::: each other’s present standards in an arbitrary manner. What is needed is a common unit and scale of comparison. It would, in effect, be a compromise. But it would remove a growing and in- creasingly menacing irritant from inter- national trade and id good will. The fishes of the sea furnish the fishing industry with an income of over 4 $500,000,000 a year! A full third of. the ‘meat” consumed in the United States every year has no feet whatever but { fins. No doubt, dieticians will point Wwith pride to this fact, when they find it in thenew 1,000-page yea: rhookoflht- tisties and information of the fishing industry, recently issued by the Bureau of Fisheries for the first time. Henry O'Malley, commissioner of the bureau, explains that the striking growth of the fishing industry in the last decade was forced by the develop- ? ment of technology during that time, as well as the wide demand for more i protein foods during the war itself. The perfection of the technique of handling fish as a food has resulted in shipments : :ll over tah! Unlhb:d 'sum in cans, tins, : jars, and speci reezing equipment, enabling interior points to enjoy “fresh” fish. On the other hand, they have imitated other industries in utilizing the byproducts as a means of curtailing Diet-conscious people will probably be edified by this news, for fish is an im- portant vitamin food A distinguished researcher said, after an investigation of the Far East health problem, that the only thing that has prevented the Japanese race from van- ishing is their fondness for fish. They eat hulled rice almost exclusively, and fish supplies the needed vitamins. (Copyright, 3931 by the North American Newspaper Alliance. ACTION FOR RECEIVERSHIP DISMISSED IN BALTIMORE Special Dispatch to The Star. BALTIMORE, April 27.—The re- celvgrnhlg promed!n‘l instituted last ‘Winter by J. Duryea of New Jersey mlnn. Meul.\ & Mining Shares, Inc., one of the concerns that red in the investigation in New York re- cently of the affairs of Charles V. Bob, financler, were dismissed here Satur- day after a_hearing before Chief Judge Samuel K. Dennis. The plaintiff, a stockholder in the concern, had asked for the appoint- ment of recelvers and dissolution of the corporation, claiming that a large Wl’lhn of its assets had been wasted. company Wwas incorporated in eryh.n but none of its assets were within this State, it was stated at the I‘nflnl in Circuit Court. While share- iders representing about 5 per cent 0! m stock favored the pi Te- B PR RS nusmu STATEMENT. April 24 or erpe {a'wfl! tzl‘l':z: lu‘;'lgoflm Cus- .\‘ business A&‘:l ":?m $26,800,997.84. lfl!i 119% Jones & Laug pf (7). 30s 122% ll 24% 101% 91% 143% 34% 0% 1 % 2% 6% lfih 46‘& 39% 64 35% 18 137% 157% 583 11% 55% 27% 60 24% 29% 9T a 30% 19% 10% 26% 54 G__STAR, WASHINGTON, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. (Continued From Page 13) “Rate. Ad4 b0, High. Dividend 48% Johns-Manville (3).. 32 Kans City Sou (5)... 14 K'mann Dept Strs (1) 18 Kayser (J) &Co (1). 21% Kennecott Cop (2). 37% Kimberly Clark 23.. 33 filnney (GR)Co pt. 18 Kroger Gru&nnxu) 77% Lambert Co ( 10% Lane Bryant (1). % Lee Rubber & Tire Leh Val Coal pt ( 12% Leh Port Cmt (1) Leh Port Cmt pf (7). Liggett & Myer (15). 2 Lizg & Myers B (15) 137% Lig & Myer pf (7)... 28% Lima Locomot (m2). 284 Link Belt (2.40)..... 33% Liquid Carbonle (3). 41% Loew'sIne (3)...... 83 Loew’sInopf (6%). ) Co. 904 Lorillard (P) pt ( 3% Louistana Ofl. 27 LouG&EA (1% 80 Louls & Nash (1) 11 Ludjum Steel.. 82% McCall Corp (2") s 34 McCrory Store 28 McGraw-Hill 20% Mcintyre Pore M 58 McLellan Stpf A (‘) 29% Mack Trucks (3).... 83 Macy(R H)&Co(n3). 5 Mad Sq Garden (60c) 18% Magma Copper (2).. 1% Mallison & Co. 5% Mandel Brothers. 32 Man Elev mod g (45) 7% Manhat Shirt (1). 19% Marine Mid (1.20) 21% Marlin-Rockwell 5% Marmon Motor Car. . 2314 Marshall Fleld (2%) 2% Martin Parry....... 20% Mathieson Alkall (2) 28% May Dept Strs (2%). 66 Maytag Co 1st pf (6) . 4% Mengel Co. . 10% Mexican Seaboard 7% Miami Copper 9 Mid Coll!ln!nt ‘Petm. 19% Midland Steel (3)... 4% Minn Moline Pow... 16% Mo Kan & Texas, 56% Mo Kan & Tex pf (7) 25% Missouri Pacific. 71% Missouri Pac pf ) 15% Montgomery Ward.. 50 Morrell & Co (4.40). % Mother Lode..... G 8% Mullins Mfg. 36 Mullins lfl Pf . .llOl 33 11% Murray Corp....... 27% Nash Motors (4).... Nash Ch & St L. Il)..lW! 3% Nat Bella Hess 4 Nat Biscuit (2.80) 38% Nat Dairy (2.60).. 33% Nat Dept Strs 1st(4). 19% Nat Dist Prod (2) 9% Nevada Copper ll).- 14% Newport Co (1). 56 NYChi&StL ( 73 NYCM&!I.LD!(" 187 Norf & West l'll).- 4% North Am Aviation. . 62 Nor Am (b10% stk). 53 North Amer pf (3).. 102 North Am Ed pt (6). 44% Northern Pacifie (5). 43 Northwest Tel (3).. 1008 % Norwalk Tire & Rub. 10% Ohio O11 (1). . 3% Oliver Farm Equip.. 3% Omnibus Corp...... 22 Oppenheim Col (3).. 40% Otis Elevator (2%).. 124% Otis Elev pt (6) . 90 8 Otls Steel... . 39 Otis Steel pr vt M).. 28% Owens 111 Glass (2). 45% Pacific Gas & Bl (2). 50% Pacific Lighting (3). 16% Pacific Mills..... 116% Pacific Tel &Tei (1) 1 7% Pack Mot Car (§0¢).. 2 Panhandle P& R. 30% Paramount Pub (4). 5% Park & Tilford. 1% park Utah.. 2% Parmelee Transport. 1% Pathe Fxcharge. 3 he Exchange A. 8% Patino Min 3% Peerless M 3415 Penick & Ford (1) 281 Pennéy (J C) (2.40). 54% Penn RR (4)..vi.0en 23 Peop Drug Strs (1). 200% Peop. . 65 Pere Marquette (6).. 6% Petrolm Cp of Am(1) 19% Phelps Dodge (2)..¢ 52% Phila Co 6% pf (3).. 7% Phil Read C& I..... 7 Phillips Petroleum. . 19 Plerce-Arrow A (1).. % Pierco Ofl. ..oouees 1% Pierce Petrolm (10c) 31% Pirelll (A) (m3.13).. 674 Pittsburgh Coal pf. 12% Pitts Screw (1.40) 7z Pitts Steel pf (7). 3% Pitts Terminal Co 12% Pitts United Corp. 93's Pitts Unit Cp pf ( 7% PoOr & Co (B)..e... Port R Am Tob A 3% Tel&Cabie pt . Oil & Gas (2) 17% Prairie Pipe L (3) 31, Pressed Steel Car. 35'% Pressed StCpf (7).. 63 Proct & Gamb (2.40) 2% Prod & Refiners..... 11% Prod & Refiners pf. . 72 PubSvNJ (3.40) 95 PubSv N J pf (5) 109% Pub Sv N J pt (§) 128% Pub Sv N J pf (1) 148 PubSv N J pf (8) 40% Puliman Corp (4) 12 Radlo COrp...... 34% Radio Corp B (5). 18% Raybestos Man 2.60 68 Reading Ry (4) 42 Reading 2d pf (2) 16 Real S1lk Hos(b10%) 9 Remington-Rand.... 6% Reo Motor Car (40¢). 12 Republic Steel. 27% Republic Steel pf. Sales— Low. Close. 44% 47 121% 121% 1 32 32 32 1 14 14 20 124 12% 2 90 90 1% 14 10% 56 21% 33% 36 285 49% 408 31 112 608 66 250 2 1 15 7 149 1 8 101 1 57 5 908 206 4 352 31% 2 8% 13 8 16 115 49 11 3 0 107 9 1 3 1 cash payments based on ~Prev. 1031~ Stock and (LIQUIDATION SENDS MOST BONDS DOWN|__. i |Heavy Sales Affect All Parts Roy Dtch (m1.3404).. Safeway Store: (t) h L 8t Louis & Sa: ,'r St L-San Fran pf (§) Savage Arms (2). Schulte Retall Stri Scott Paper ($1.40) Seaboard Afr Line... Sears Roebuck 32% Servel Ine. . 18 3 Sharon Steel Hoop. Sharp Shattuck F G (11%). Shell Union Ofl...... Sincla! 4 Skelly & Dobme. 26 20 138 5 r Ofl pf (8)... ofl...... . Solvay Am pf ww 5% South Port Rico Sug. South Cal Ed (2).... 13 South Pacific (6),... 120 South Ry (8)... Spalding (AG) (2).. 2 Spalding 18t pf (7).. 108 Spang-Chal pf (6) 008 Sparks Withing (1). Spear & Co.. Spear & Co pf Spencer Kellog Spicer Spie; Mfg pf43 -May-Stern. . Stand Brands (1.20). Stand Comel Tob. ... StandG&E (3%)... Stand G & Epf (4).. Stand G & E pf (6).. 3R Stand Ol Cal (h2%) % Stand Oll Exp pf (5). 1 Stand Ofl of Kan (1) Stand OII N J (12)... 10415 105 11 1% 33 Stand Ofl N ¥ (1.60). Starrett (LS) (12%). Sterling Sec A. . Sterl Sec pf (1.20) Sterl Sec cv pf (3) Stewart Warner. Stone & W Studebaker (1.20) Studebaker Cp pf (7) Sun Ofl (11 Sun O1l pf (6). Superheater (2%) il 118% 113% 36% 36% 100 100 30 30% Superior Ofl. 1 1 Superior Steel. Sweets of Ame (1). Symington. . utograph (1.40). nessee Corp(50c) 94 12% 1 9% 12% | 18 T Texas Pac Land ’.l‘r.. Thatcher Mfg (1.60). Thermoid Co Third Avenu Thompson Prod 1.20. Thompson Starrett. . The Fair pf (7)... Third Nat Inve: ‘Wat Ofl pf li . Timken Det Ax (30¢) Timken Roller (3) ‘Tobacco Products. Tobacco Prod A 195¢ Transamerica (1)... Transue & W (1).... Tri-Cont Corp. .. . Tri-Cont Corp pf (6) Trico Products(2%). Truax Traer Coal Co. Truscon Stl (g1.20).. Twin City R Tr (§4). Twin City R T pf (7) 1008 Ulen & Co (1.60)...., 1 Und-Ell-Fisher (5).. 10 Union Bag & Paper.. 1 Un Carbide (2.60)... 760 "Unit Atreraft. Unit Biscuit (2). 5 Unit Biscuit pf (7). .. 408 Unit Frult (4)...... UnitG & Im (1.20).. lZl 6 aqdqagaaag wRpRERR@® Rad Util P&L A (et2. ll). 2’0 Vadasco Sales Corp Vanadium Corp'n Vulcan Det (4) Wabash RR... Wabash RR (A)..... Waldorf 8ys (1%).. 8 Gypsum (1. lfl).. o 8 a 8 H E‘ Indus Alcohol (l) 20 Pln!.'l!} . 151 P &F 1st (1.20). . Realty & Imp(2) EE] g oo :v s s 6 12245 124% 148% 148% % 7 34% 2% 20% 1 39% 1% 10% 4% 12 26 22 T4 Warner Bros Pict. .. le Wnrnor Bros pf 3.85. Wa War Bros cv pf. il)-. 30. en Fdy & P (2). 16 1 Wess Oil & Snow (2) 4 :‘ln O & Sn pf (4).. ‘West Pa Pow pf (7). 20s Wuurn Dairy A (4) ) Westing E&M pf (4).150s Wi 2 n El Instr (1). Westvaco Chlor (2). 7 Wextark Radio Strs. Wheel & L E: White White 40 e pf... 108 Motors (1). 6 Roek MS t4%. Willys-Overland. ... Willys-Over pf (7).. 6 Wileox Oil & Gas.... 6 9 1 Co. Wilson & Co A Wilson & Co pf. Woolworth (2.: Worthington Pum Wrigley (Wm) (4).. Youngs Spring (3). . Young Sheet&Tu (4). 2% Zenith Radlo....... 3 Sales of Dividend rates tions. ’ - i 3% 1 % 18 Goit of :‘-ml“. —no regular Ta vable in cash or uFaid o 2% 9% 66 13 19% l 60 60 2% Stocks on New !ut Exchange. in the above table s itest quarterly or lllu Yllrh e ey "-::mm"-- |Ofi< ;‘bE‘ li ln I* in thin year—no mum atet ut'§% i stock. as nnr. BOSTON WOOL MARKET. ~Th l-Ilu Boe’ml; April 27 (Special). ere | firmly ing prulu!e inclined to be light. 'olnll.l-o{wooll prices, current orders require M -nll.lm mbl in order to delivér u 'rzrmnry‘ combing, today & ‘Top makers are elg! , clean, was|31.23, -64, French combing, R 60; half blood, 56-58; three-eights for lawef blood, 50-52, and qusr'lr blood, 44-47. fleeces were Fine Ohio uoted at 26-27, basis; half bl 25-26; three- hts blood, 22-23, and quarter blood, (Copyright, 1981) <} strength was the small of List, Including High- Grade Issues. ¥} BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, April 27.—Liquidation “| o bonds assumed quite heavy propor- \ D. C, MONDAY, APRIU 27, 1931 S BONDS o s UNI‘!’ID lTA'l'll. in $1.000.) Sales. ADbitibi P & P 5853, 2; Ab& 8t 6% Adams Exp Allegheny & Allegheny 5: tions today and it' affected all parts of | A, the list, even the high-grade corpora- tion issues. The only it of consistent group of long- term United States Treasury issues, which improved slightly. Much of the selling was of a neces- sitous character, following early weak- ness on the Stock Exchange incidental to the suspension of another large financial house for insolvency. This type of liquidation always affects the entlu investment list, though today, as n past occasions, it was the weakest lal\lu that were thrown overboard first in the attempt to secure cash to prop up crumbling margin accounts. The money market was again easier, with a further cut in bill rates, and the Street’s conviction is that the Federal Reserve rediscount rate will certainly be reduced this week. Oil company bonds bore the brunt of the selling, paralleling weakness in their common stccks. Texas Corpor- ation 58 dropped to a new record low at 92, later recovering a small portion 8% | of the loss. Sinclair Oll 7s sagged over a peint. There were smaller declines in Shell Union, Phillips Petroleum, Skelly Oil “and other oils. Another group to show wide declines was the rubber company obligations. United States rubber 5s drcpped nearly 3 points to a new low. Goodyear 5s, Goodrich 6s and Goodrich 6'4s also hit new lows for the movement. Junicr raflroad bonds were- off all around, with the widest drops in Chi- cago, Great Western 4s, St. Paul 5s and adjustments, Denver & Rio Grande Western 5s, Missouri-Pacific 55 and general 4s, Frisco 4%s, and Nickel Plate 414s. The last named issue de- clined a point to a new low price. Even a few high-grade rails, such as Atchison general 4s, Chesapeake & Ohio 4%s, Great Northern 7s and New York Central 4%s, were fractionally lower. Heaviness in the utility group af- fected , American_Telephone 5s, Ameri. can & Foreign Power 5s, ODmolm-ud Gas 5%s and We-um Union 5s. The ehief topic .of interest in the foreign bond market was the presenta- tion of the British budget. The an- nouncement of a deficit of £37,366,000, or approximately $186,830,000, was con- siderably above market expectations. The fact that Chancellor Snowden de- clared himself against any increase in the income tax was construed as bullish, feature the rest of the dollar bond list. Argenune 6s were off all around again reports of the likelihood of further E:lmul uvublu and a renewed decline Argentine exchange. Brazilians con- tinued heavy in spite of the bullhh action of coffee Chilean Uruguayan bondudrwpedlw:polnn Lautaro Nitrate 6s lost another 3 points. !urvpe-u did not move as widely, but were small in Germans, !'Alhnl and Austrians. _ (coprrisht, SALES. Federal-American National Bank & - Trust Co.—10 at 30, 10 at 50, 10 at 50, 10 at 50, 10 at 50, 10 at 50. Barber & Ross com.—350 at 1015, Pederal-American Co. com.—25 at 21, 25 at 20, 5 at 20. “Lanston Monotype—5 at 102. 14 | Merchants’ Transfer & Storage pfd.— 10 at 89, 10 at 89. Mergenthaier Linotype—30 at 80. AFTER CALL. Potomac Electric Cons. 5s '36—$1,000 at 103%. . Capital Traction 55—$1,000 at 80%, 81, 000 at 80%. Capital !‘ran—B at 337%, 5 at 33% Bid and Asked Prices. ‘ash. Gas s, ser! Wash. Gas 6s. series B. Wash. Rwy. & Elec. 45 MISCELLANEOUS. Barber & Rous. In Chevy Chase Club colnmbll Sountry Club %4i.... W. 51”60l Btoras Wash. Cons. Title STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel, Quni act Pot. Elec. For. Elec: Por m Wash. &7, & B pid NATIONAL BANK. Gapital (9, Golumbia (1. Commercial TR gt 353 W »EE‘E ited sta W fnfiu-‘f Sechasics PIRE INSURANCE. American (12). Corcoran ( TITLE INSURANCE. Columbia (6h). Real Estate (8h). o Inscll.umus. rber 5 jical 1.) TR 538 it (d t»lle *Ex dividend. b Books, ¢luud CANADA’S TRADE BALANCE, OTTAWA, April 27 W~At the end of the fiscal year, Canada had an unlnmwh m h-l-ne- of $89,607,000. mz’mh:rmmmt-gum:‘mu pree T, when was $103,335,000. s 9. Am Metal 5%s"34., Am N Gas 634342, Am Sug Ref 6s '37.. 9 2! Argentine 6s B '58.. Arm & Co 4%8°39.. Arm Del 5%5°43... Atchison gen 4s ‘95 Atchiscv 4%8°41. . At & Danv 2d 4s'48 AtCL 1st 4562, At Gulf 58°59 At Ref deb 5837 Australia 4%s 56 Australia 6 ‘65 Australia 5s ‘67 Austria 75°43... Austria 7557 ctfs. B&O4s B&O4%s'33. Bell Tel Pa s-c 60. Berlin Cy Kl 65 '55. Beth Strf 5 Bolivia 75 5! Bolivia 7s '69 Bolivia 8 Bos & Me ll Bos & M Brazil 6% Brazil 6148 27, Brazil 7s. Brazil 83 Bremen =TT Washiuqton Stock Exchan{;ex Budapest 65 '62. . Buenos A 65’61 Py. Buft Gen El 434 %'81 Calif Packing 58" 40 Canada 4566 Canada 58’62 Can Nat4%s ‘54... Can Nat 4%s°51... Can Nat 434868, .. CanNat 4% s Can Nat 54 July ‘69, Can Nat 68 Oct 69, Can Nat 5870. foromBnenndieshnmweann~nn Z‘Sfi" Chi & NW con 4%s. Chi & NW 6%s " ChiR1& P rr ChRIovékas0. C TH&SE In 560, . ca w Ind cv 4852, C& W Ind 5%s '62.. PO ) MRS RWEROON mome e S Colomb 6s Jan '61. . . Colombia 63 '61 Oct Colo & Sou 4%s'80. Colon 011 65 '3 Col G&E 58 May ‘62 Com Inves 5%s '49. ConG N Y 5%s"45. Con Pwr Jap 6%s Del & Hud rf 4s’43. Del & Hud 5%s '3’ Denmark 4 %3 *62 P o RomCon muompoaadrmmaaag M Det Edison rf 58 49 Det Unit 435 '3 Deutsche Bk 61.'32. Duquesne 4%s'67.. Dutch East 1 6847, Dutch East I s "62. East C Sug 7% £l Salvador — wa Erie& Jer 6: Fiat 7s ex war "46 Finland 5%s '58. nk'chen 6s ‘34 Gen Baking 5%s ‘4 Ger Cen Bk 6560 0 German Bank 7s '50 German 7s r Ger Gen EI 7, Goodrich cv Good 15t 6% Goody'r Rub 5: GrandTr af db 68'36 Grand Trunk 78’40, Grt Nor 4%8 76 D.. Grt Nor 5873 Grt Nor gn sv.-;:z. Greek 63 '63. Haitl 2. .0 Hock Val 4%s Hoe & Co 635 Hungary T%s ‘44, 111 Cent 48 ‘52, 111 Steel 4348 °40 11l CCStL&N b3 A Inland Stl'4%s Inland Stl 48 Int Rap Tr b Int Rap Tr sta ‘66 int Rap Tr 6s '32. Int Rap Tr 7 90% 105% 101% 100% 107% % 96% 102% 844 78 944 103% 114% 1041 lol% 90 90 94% 94% 1u6% % 90 90% 104% 104% 3% 5% 88 25% 3% 5% 88 26% 103% 644 100 100 104% 104% 101% 101% 101% 101% 4 Int Match 68°47. Int M Co 5sret '41. Int MM col tr 6s°41 Int Pap 6s A 'I'I. Loew’ ex war. Long Islrf 4849, Lorillard 6s L&NGsB 2001..« L&N1strf53 La & Ark 5569 Manh Ry 1st 48’90 Market St 78°40. . Midvale Stl 61 ‘36. Milan 6%s ‘52 MIIE Ry & L 68 °61. M StP&SSM con 4s. MSP&SSM 6%s Mobile-Ohio 55 '38. Mont Tr 1st 55 '41.. Montevideo 78°52.. Mor &Co 1st 4%s. . New 8 Wales New S Wales 65 N Y Cent4s’42.. N Y Cent 4%s 2013. NY Cenrf 41452013 Nchlm Sl 2013 %l N"Clst!.i“ A N Y Ed1st6%s 41, NY NH&H 3%5'66. NY NH&H 43 ‘55 A\1 NHE&H 4%s 61, N ¥ Tel 6349 NY W&B 4%8'46. . Nord 6%s ‘50, Norf South 68 41.. Nor & Wnev 4596, No Am Co 5s°61. Pac T&T 1st bs ‘81. Pan-Am Pet 6 Paramount Paris-Ly M Paris-Ly M Pathe Exch 7s ‘37.. Penna 4%s D Pennev 4% Penn gen 4% Penn 4%s°70. PCC&StLosA.. P& W V4%sC’60. Poland 8s'50..... P'Ind G EL 4345 '60. Pos Tel & C 63 ‘53 FINANCIAL lozu 102°% 93% 93w 102 102 105% 105% 101% 101% 101% 102 854 854 50 52 BdY B4Y% 104% 104% 106% 106% 94% 4% 9474 94% a1 92 96% 96% 111% 111% 105% 105% 97 97 104% 104% 101% 101% ANTHTRUST. LAWS CHANGE DEMANDED Government Can Act Only fn Advisory Capacity to Help Oil Prices. BY J. C. ROYLE. Rein tation of the anti-trust laws of the country is being demanded % | by many diverse interests here, includ- ing members of the House and Senate, the Government departments and execu- tives of various t industries. As a result anti-m reframed in ti and methods. If !hey are not so altered, mlny authorities declare it may be l’i for the Government to step 1n and fix prices in some lines to pro- tect consumers. The agitation has been rendered active by the plans proposed to better the condition of the petroleum mAll arties agree pal interested that l.he trouble of the petroleum industry has come about from overproduction and that a restriction of output is advisable. Secretary of the Interior Wilbur has made it plain that the Federal Govern- ment cannot intervene to restrict duction except by the advice of its fact- fine and ‘administrative bodies. He puts the matter directly up to the States and voluntary action of producers. Secretary of Commerce Lamont pins his faith on voluntary agreement for lowering of domestic " production and 54% 54% | imports. 301% 101% 7 8 55 85 94 96% 103 103 82% 82% 10214 102% % B86's 86% - 96% 96% 99% 99% 94% 99 7 T Nu 9N% 51% 51% 101% 101% 9 230 984 6 106% 19 96% 96 96 115% 115% 105% 112 8% 8% 8414 84% 90% 91% 105% 105% 113% 113% 81 N’fi 111% 111% 80 80 106% 106% 19% 19% 98% 98% 98% 98% 102 102 103% 103% 661 66% 93%° 934 111% 112 103% 103% 106% 106% 00% 100% 102% 102% 105% 105% 105% 105% 94 94% 94% 944 100 100 10 105% T 94% 9% 100 04% 51 104 104% 6 105 2 105 106 101% 101% 89% 89% 104% 105 107% 107% 81% 82 + 96% 961 106% 106% 101% 101% 9% 95 100% 100% 103% 103% 110 110 08% 108% 108% 93 93% 102 102% 18 23 50 1 107% 24 82% 102 69 5 108% 108% 108% 3% 93% 93% 14 Pressed St C 5833, Prussia 6s ‘52 2 80 79% 80 2 101 101 101 lg 101% Xlll% lfllVg 8 80% 80 "10 91% o1 7 7 Rhine West Rich Ol cal .12 R Gr De Sul8s '46. . Rio Gr W 1st 4s'39. Rio Gr W clt 4849, Rl‘.r‘l.l!i ‘34, % 107% 125% Roy D StL IM R&G 4s°33.. StL&ESF 4%8'78 2. Shell Un Ofl 68 *47. Shell Un O1] 55°49 7. Sine Cr O 5%s°38. Sine P L 5842, Sou Be! T&T 6s'41. SW Bell T 58 A 54 Sou Pac col 43 '49. Sou Pac ref 45 '65. Sou P 4% '69 ww. Sou P&Or 4 %817 Sou Ry lifl‘ll 6. 5 10 83% 1 100 25 68 89!6 894 8!’,’ 14 99% 98% 98% 48 T4% T4% Tan 54 62 61 1215 12% 12% 5 107% 107% 107% 17 82% 81% 821 14 925 92 92 25 66% 664 664 52 68 66% 66% 1 91% 91% 914 5 88 88 88 60 93% 9% 92 11 101% 101% 101% 8 100% 100% 100% 15 105% 105% 105% 16 107 105% 107 96 96 96 103% 103 103% 98 97% 98 105 104% 104% 107% 107 107 8 94 92 110 93% 25 .38 | 95%, 95% 954 ‘Mitchell Gives Warning. Aflnme’ General Mitchell asserts that ernment regulation of prices for the benefit of the public. Such price regu- lation is advocated strongly by of the more radical members of the Senate and House, headed by Senator For Price Protection. point out that such cuartels are no more uun volunf agreements for regulation of nnamrkeun. mmmumm Such for- feEked In tis costry. "I Sous 5 instance. wmmmumim s§8 FEEE:zg (Copyright, 1931.) LT L INVESTMENT TRUSTS S W - = oo B8l Haay ETRR Flrevoer pied Toho El Pow Toho El Pow 78 Tokio 5%s°61. Un Pac 1st ¢s 47 Vert Sug 1st 75 °42 Vienna 6s ‘63 Va Ry & Pow Ry 18t 63 62 Wabash 433 7! Walworth 65 A *45.. Warn Br Ple Warn Quin 6s°39 Warner Sug 7s *41.. Warsaw 78 ‘58, Wat Sh 1st 48 2361. =.eu~==nm P 7 8% 92 2 80 78 103% 102% 102:% 103! 2 N 2~ ~..u.-.-...8-. 99% 998 99% 101 100% 100%