Evening Star Newspaper, May 1, 1931, Page 15

FEATURE OF CURB Public Utility and Petroleum Shares Make Best Show- ing in Trading. BY JOHN A. CRONE. Bpecial Dispatch to The Star. : NEW YORK, May 1.—Public utility and petroleum shares made the best showing in today's irregular Curb Ex- change session. Electric Bond & Share was up about & point at times and Cities Service was fractionally firmer on increased activity. Some of the higher-priced specialties, such as Parker Rustproof and Alumi- num Co. of America, moved uncertainly backward and forward. Vacuum Ofl was the outstanding Jeader in th: Standard Oil group in point of activity and reflected unofficial \ Temarks about the company's sales and dividend maintenance. Standard Oil of Indiana at times was up about 2 points. Over in the miscellaneous list Indian Temtoriy Illuminating A and B shares in sympathy with their parent company. Cities Service. Mexican-Ohio Oil, which surprised tape-reachers by its action Thursday, when it rose 24 points to 4%, opened fractionally higher today, but did not maintain that trend consistently. Gulf Oil, which has met free offerings re- aenfly. was less active and firmer to- ay. Ford Motor, Ltd, after the initial burst of buying in Cord Corporation following the latter's favorable April sales showing, reassumed its leadership in the motor classification. This de- \'elo‘rmenz came after cables reported Ford of Denmark's 1930 net was $1,- 625,810, against $1,454,202 in 1929, and that Ford of Rotterdam reported a 1930 et of $1,538,529. General Theaters Equipment, most active of the amusements in the fore- noon, paid little attention to the an- nouncement that public offering of the Lr:!med stock of fllm securities had n put off because of market condi- tions. There was little activity in the 5 shares of Trans Lux Daylight Pictures Screen, now under investigation by the New York State attorney general’s office following a questionnaire sent out on dealings by the Curb Exchange. Claude Neon Lights advanced follow- dng its 1930 report indicating a net rofit of $268,060. Earnings likewise elped American Light & Traction. American Commonwealths Power B, after its weakness early in the week, ;med a vigorous recovery in the first our. New Haven Clock, which recently omitted its dividend payments, sank to 8 new low for the year. Selected Indus- tries made the best early gain in the investment trusts. Declaration of the usual payments by Blue Ridge brought slight betterment into the common and preferred issues. Golden Center Mines appeared occa- sionally following the report that financ- ing of the properties had been assured by the Heckscher group. United Verde Extension, in the face of lowered red metal prices, was one of the few cop- pers to do better. It merely responded to the president's statement about earnings and developments. (Copyright, 1931.) CHICAGO STOCK MARKE By the Associated Press. - CHICAGO, May 1.—Following is the complete, official list of transactions in stocks on the Chicago Stock Exchange B8 T3 TR 13, 2 3 4 88 2 17! 5 3, - IR T sdsdaatay TecEeid Sofmiieienis, ) 9! 3 Eupnse teucoys.... ¥ .giiig % ard n Thea t Lakes Alrcraf Lakes Dredge. rissby.Grunow 2 FE ER =EEREO00 f 1 i $55:3 Insull Ut ron Pi 40 Ky 500 LaSalle "Ext...... 70 Lawbeck 6% Di. bby-McNeill Lient. 80 Lion Oil Ref.... . . 200 Majestic House Ui .. 130 Mickeiberry's Food... Mid West Tel 2 West Utii d W Ut “A” REBSeNe, 1 10 Nat Elec Pow ww ... at Elec Pow pfd ... mily_8t 2 gl azts st S, akh a2 RS RL SRR e 180 Unit Am Ut 680 United Gas 850 200 Zenitn " Rad 3 2 ock sales today 180,000 sharcs [ 3 € Aops b & [ ¥ ] Kresge Co 101 ’gfl! sales today—$74,000. 622 62'2 . Car Loadings Decrease. TIMORE, May 1 totaled from March, the corresponding period T Pijl has solved its unemployment |5.00; probiem by the government organizing Florida, 3. for 'E-lnunn and for other public lemons, with wages fixed at $2.43 a day. AL’ (Speelal) — | 5. G Lot Baitimore & O Rauread tions e Baltimore ailrca Pons Y st 20 working days in. Apri] | Lght and medium, 165,093, a decline of 5,593 cars N Note—All stocks are s0ld in o thoss designated by the. \etter 5 (808 (35003, s D those siocks Were s0ld 1n odd lota. ® Sales— £0408. Oen. Hign. Low. Close. i 191 13% 101% N 156 108% Stock and Dividend Rats Aero Underwrl AfMiiated Prod 1 Agfa Ansco. Ala Pow pf (6) Allfed Mills (60c)... 2 Aluminum Co of Am 6505 AluCoof Ampf (6). 1 Am AustinCar...... 10 Am Br B fd shars...; 2 Am Capital B. . 1 Am Cigar Co. . 268 Am Cit P&L (A) (a3) 1 AmCit PRLBb10%. 9 Am Com P A (b10%) 38 Am Com Pr B(b10%) 1 Am Cyanamid B..... b4 Am Dept Stores. ... Am Dep Strs 1st pf A A - Equitie: An ~Prev. 1931~ 10 3 508 4 Am Invest war...... Am Lt & Trac (2%). Am Maracaibo. Am St Pu Sve(al.60) 5 Am Superpow (40c). 158 4 Am Superp pf (6)... 4 Am Superp 1st (6).. 6 Am Transformer.... 258 14 Am Util&Gen (B)vte Am Yvette Co (25¢). Anglo Chil Nitrate. . Appalachian Gas. Arcturus Rad Tubs Arkansas Nat Gas, Arkans Nat Gas A ArkP&Lpf(7).. Assoc El In Ltd 80c. Asso Gas&El A (a2). Assoc G & E all ctfs. Assoc G & E A db rts % AssocG & Bl war... 1 AssoG &Elct (8)... 508 Assoc G & Epf (5).. 408 Atl Coast Fish 2 Atl Lohos . Atlas Plywood (2) Atlas Util Corp. . . Auto Vot M cv pf pt. Bell Tel Papf (6%). Beneficial IL (1%) Bigelow-Sanford. 86 8 6 % Blue Ridge cv pf a; Braz Tr & Lt (b8%). Bower Roll Bear (1). Buckeye PL (4).... 45 Buft N&EP nf (1.60). Buft N& E P 1st (5). Bunk Hill & Sul (3).. 50s Cable Radio T vte (7) Cent Hud G&E (80c Cent Pub SveA b10% Cent Pub Sv pf (7).. 258 Cent Stat El (b10%). 71 Centrifug Pipe (60c) 2 Chat Ph Aln.v (1).. 10 Chesebor Mfg (14%) 1 Cities Service (g30c) 430 Citles Serv pf (6)... Claude Neon Lts, Inc Clev El Illum (1.60) . e 31 Colts Pat Fire A 1 Col O1] & Gas vte. Cmwith & Sou war. Com Wat Sv (b6%) Comstock Tunnel... Consol Afrcraft. Conscl Copper Consol Dairy Prod Con Gas Balto (3.60). Contl Chicago Corp. . 4 Contl G&E pr pf (7). 26s Cont Shares conv pf. 258 Cooper Bess pf A(3). Cord Corp....... Creole Petrcleum. .. Crocker Wheeler. Crown Cent Petrol. . Cuneo Press (2%)... 4 Dayton Afr & Eng... Deere & Co (1.20)... De Forest Radio. Derby Ofl Refining. . Detroit Afrcraft Cp. Douglas Alr (11%). Dresser Mfg B (2).. Dubilier Cond & Rad Duke Pow (5) Duquesne Gas Cp wi Purant Motors. Bagle Picher Lead. $ast G & F Assoc. .. Fast St Pow B (1) 4 East UtilInv A.. 4 Elsler Electric Corp. Elec Bond & Sh (b6) ' 662 ElecB&Shcupfb.. 5 Elec Pow Assoc (1). 14 Elec Pow Asso A (1) 10 Elec P & Lt op war.. 16 El Sharehold (b6%). 1 Kmp Corporation. 19 Empire Pub 8ve ( Fairchild Aviation.. Federated Capital 4 Fiatrets (94%c). Flintkote Co A. Florida P & L pf (7). Ford M Can A (1.20) Ford Mo of Fr(p28c) Ford Mot Ltd 36 3-5¢ Ford M Ltd n 36 3-5¢ Foremost Dairy Pr. Foremost Fabrics Fox Theater ClA... Gen Aviation Gen Empire Cor (1). Gen G&E cv pf B (6) Gen Petroleum Gen The Eq cv pf(3). Glen Alden Coal (4). be Underwr(15¢ 1 Gold Sexl Elec new Golden Center. Golafield Consol. 10 Goldman Sach TC.. 51 Gt At&Pac Tea nv(6) 10s GrtA&PTpf (T).. 108 Grief & Brpf x (7)., T8 ¢ GuifOtlof Pa(li4). 9 Hamf{lton Gas rets. .. Happiness Candy Hazeltine Corp Hires (CE) A (2). Hoilinger Gold(65c). Hudson Bay M&S .. Humble O11 (12%) ., Huyler St cu pf (7)., Hydro Elec Sec 140, Hygrade Food Prod. tmp Oil of Can (50¢) tnd Ter (1lu Ofl A... Ind Ter I1lu Oil B Indus Fincv pf (7 Insull Inv (b6% ). .. Ins Co 0fNo Am 12% Insuranc: Sec (10¢). intercontinent Pet n Int Holding & In Co. int Petroleum (1), Int Superp (t110). tnt Utihties B. .. Inter LZqu conv pf(3) Irving Air Chute (1) Ialian Suverpow A. [taltan Superp war Received by Private Wire Direct to The Star Office ~Prev. 1931~ High, Low. 9% 98 19% 20% Stock and Bales— Dividend Rate. Add 00. Open. High. Low. Close. Knott Corp (1)...... 2 10% 10% 10% 10% Koppers G&C pf (6). 50s 100 100 Lefcourt Real pf (3) 1 20 Leh Coal & Nav 1.20. Lily Tulip Cup (1%) Lion Oil & Refining. . Lone Star Gas n 88 4 Loufsiana Lan & Ex. Magdalena Synd. Marconi Int Mass Utll Assoc. Mavis Bottling (A).. Mayflower ASSO (2).. Mead Johnson ($4).. Memph N G Co (80¢) Mesabi Iron. . Mesta Machine (2) et & Min Ine (1.20) Mexico Ohio Ofl. Mid W St Ut (1%). Mid West Ut (b8% Mo Kan PL (b10% 10 19% 18% 102 an 158 108% [ 10 10 19% 19% 13% 13% 101% 102 4 4% 149 149 1087 108% % 8 3% 34 5 5 8 844 6% 13% - we aSare % I oA [~ TR L It I T Montecatini deb rts. Mountain Prod (1)..; Nat Bd & 8 Corp (1).. Nat Container pf (2) Nat Family Stores. Nat Fuel Gas (1).. Nat Investors . Nat Pow & Lt pf (6). A (360¢) - N Y Steam n (2.60 N Y Tel pf (6%)....1008 Niag-Hud Pow (40¢c) 196 Niag-Hud Pow A w.. Niag-Hud Pow B .. Niag Sh Md (400)... Niles-Bem-Pond (2).. Nipissing (30¢)..... 4 Noma Elec Cp(40¢). Nordon Corp Ltd.. Nor Am Aviat A war. Nor Europ Oil Corp.. Nor St Pow pf (6). N W Engineer (2). Novadel Agene (4).. Ohlo COpper. ......o Ohio Pow pf (6)..... Outboard Motor B. .. Ovington Bros pt pf., PacG&E1stpf1%. Pac Pub Sve A(1.30). Pac Western Ofl..... Pandem O11 Paramount Parker Rust Pr (3) i Pennroad Corp (20¢. Penna Gas & Elec A. Penn Pw & Lt pf (7) 150s Penn Wat & Pow (3) Peop L& P A (2.40).. Perryman Electric. . Phila Co new (11.30). Philip Morris Inc. . Phoenix Secur Corp.. Phoenix SC pf (3)... Pllot Rad Tube A Pines Winterfr (1) Pitney B P n (20¢).. Pittsbgh&L E(110).. 4 Plymouth Ofl (1)e..o Polymet Mfg.... 4« Premier Gold (12 4 Producers Roy Corl Prudential Invest. Pub Util Hold war.. Pub Util Hold Cp xw Puget Sd P&L of (6) % Pure Oil pf (6) Radio Products. Reiter-Foster....... Rellance Int Cor B Reybarn Co. % 4% 106% 106% A% A% 18% 19y% 20% 20% 2% 2% L W 83 83 7% 3% % 84 5% 8 Y 8% 5% 8 0y A 14% 14% 25% 25% 4 4 4% 34% 8% 18% 13% 13% 47 a1 26% 26% 102 102 45 45 1% 1% 21 2% 1% 1% 103 103 - ° » Sw S8na wnedB onfoannnmrouns - = contmagenSanrnnar wa SSe S8 4% 4 2% 2% 8 8 87% 8T% 6 6in 101% 1011 8114~ 31 W Rossia Int COrp..... St Antkony Gold. ... St Regls Paper (1) Salt Creek Pro(1.40). SaxetCo....... Schulte Un 5¢c-31 St.. Seaboard Util (50e).. Sex Lock & H (50¢),. Seiberling Rubbe Selected Industries. . S1,1Ind full pd (5%). Sle Ind prior (5%) % Sentry Safety Cont.. Shenandoah Corp. Shen Corp pf (a3)... 4 Sing Mfg Ltd (p23c). Sisto Kinance Corp. . Smith (A0) (2). South Penn Ofl (1) SoCal EdpfA (1%). SouthCEdpf C1%.. South Corp. . e 5 1194 11 2%, 2 4% 9 2% 4% 19% 14% | 314 4 4% | Southld Royalty 60c. S W Gas Utilities. .. Stand Motors. . Stand Ofl of Ind (2).. Stand Ofl of Ky 1.60. Stand Oil Nebr (2) Stand Oil, Ohio (2 Stein Cosmetic Stutz Motor (n: 4 Sunray Ofl (b5%)... Swift Internat (3)... Syracuse W Mach Taggart Corporation % Technicolor. Inc. ... Teck Hughes (60¢).. Tenn El P 1st pf (7). 4 Texon Oil&Land (1). Thatcher Sec Corp. Todd Shipyard (4) Tran Con Air Tran Trans Lux DLPS Tri-Cont Corp war Tublze Cantillon (B) Ungerteider Fin Cp.. » » e S MR R BN AR M L L R A NASE B R AN SO RAS s R A R e 94514 Union Ofl Assoc (2). Un Tobacco. Unit Corp war. Unit El Sve pf war. . Unit Founder: Unit Gas Corp. Unit Gus war. Unit Gas pf (T)..... Unit Lt &Pwr A (1), Gnit Lt& Pwr pt ( U 8 Elec Power w U S Foil (B) (50¢c) U S & Inl Secur, U S Inter Sec 15t pf. 4 US Linesof (1).. Unit Verde Ext (2).. Unit Wall Paper. ... Uti] PALL(a11.02%). Ut PAL B(at1.02%). Util & Ind. ... oo Ut & Ind pf (1%).. Gtility Eauities. Ul Equity of (5% vacuum (4> van Camp P Vie Finan Corp Walgreen Co. . walker (H) (1 Wenden Cop) West Mass Co(2%). Wil-Low Cafaterias. Wil-low Cafe pt (4). Zonite Products (1). poroalar s i = - T 0eS anmnnBe i 5 24% 23% 26 13% 12% 12% based on last quasterly or semi-an- 1Partly extra. 1Plus 4% in stock. e Adjustment n Plus 1% in in stock. m Plus 3% in t year—no regular rate. 12% 8 Dividend raf nual_payment. 10 a Payable in cash o 3% 1Plus 6% in stock. Stock. §Plus 2% in stock. k Plus 10% 1% 1'4| siock. nPlus 8% in stock. p Paid I 2%, | Butter —One - pound prints, 29a30; tub, 28. Eggs—Hennery, 16. 17a18; current re- Ve hens, 30; toms, 23 Spring _ broilers, 38a40; | Leghorn broilers, 35: Winter chicl ens, 30a32; hens, 23a24; Leghorns, 21 | roosters, 12a14; ducks, 15; keats, young, 1 15280; old, 40. Dressed—Turkeys, hens, toms, 32a33; Spring broilers, 45; Winter chickens, 38a40; hens, 25a26: Leghorns, 22a23; roosters, 16; keats, young, 70a80; old, 50. g 1215a14; veal, 12al4; lamb, 22a24; pork loins, 21; fresh hams, 19; fresh shoulders, 14; smoked hams, 20; smoked shoulder: 3; lard, in packages Live stock—Hogs, 5a 7.50; loughs, 4.00a5.00 8.50; Spring lambs, 10a12. Pruits—Strawberries, North Carolina, 5.00: 3.75a4.2! calves, 4.00a cherries, California, 3.008 es, California, 3.25a3.75; 84.50; grapefruif, 2.50a3.50; 4.5015.00; limes, per 100, 3.008 325; grapes, Argentina, white, 3.25; 3 ‘Unlled States shipm:nts, 1,035; weak; Florida, 7.00a8.00; pineapples, | 2, red, 3.50; rhubarb, per dozen bunches, 50; bananas, per bunch, 1.50a3.00. Vegetables—Potatoes, old, 120-pound sacks, 2.75; 150-pound sacks, 3.50; new, | | per_barrel, 6.50a7.00; sweets, per bushel, | 1.7522.00; cnions, Bermuda, 2.00; toma- toes, Mexico, lugs, 5.00a6.00; peppers, 2.50a5.00; Summer squash, 3.00a3.50; peas, 3.00; string beans, 2.50a4.0 | 6.0027.00; asparagus, 2.0085.00: crates, 2.25; carrots, crates, 2.25; | tuce, Iceberg, 5.00a6.00; North Caro- lina, 1.25a2.00; celery, 3.00a3.25; spin- rgr ach, 50275; kale. 50a75; Spring onions, The service adds: “Our business index for March is 74.7 against 74.4 in Feb- per 100 I'))uncges. rllyshfl-fruny. Automobile ?ro'acmn. depart- | per unches, 50; cabbage, | men;’ stores sales, iron and steel pro- |125; eggplant, 5.0085.50; cucumbers, | quiti MOTS, STlen Lon Ane steel B hot " house, baskets, 2.0043.00: bushei | STEUCT: POMOR consumption. ofl sUOY baskets, Florida, 4.50a5.50; endive, Bel- | {RE JACTORES, Car loadings ans Yoo glum, 2.25; okra, crates, 3.00. clines, although current indications for —e — ?3:‘:: these items point to an early up- U. S. Has $200,000,000 in China. SHANGHAI, May 1 (#)~—American loans in China, including those to va-' 1.20a1.35; Minnesota, 1.10a1.20; Idaho |rious Chinese governments, were re- Russets No. 1, 1.50a1.55, few 1.60; No. | ported today by Carl Remer of the So- B 1.70; | clal Science Research Councll of New ork as totaling $200,000,000 gold. mer, & professor at Mi Uniyer- sity, estimated Japan's and Great Brit- ain's investments in Ching at $1,000,- 000,000 gold each. - BUSINESS RECOVERY DECLARED IMMINENT Special Dispatch to The Star. NEW, YORK, May 1.—“We are now in one of those periods of opportunity | that occur only at'long intervals—the depression has about run its course. Recovery will probably start not later than July, possibly by May or June,” says the Brookmire Economic Service. | CHICAGO POTATO MARKET. | _CHICAGO, May 1 (#).—Potatoes— | Receipts, 83 cars; on track, 257; total trading rather slow; sacked, per hun- dredweight, Wisconsin Round Whites, | new “stock weak; trading sacked Bliss Triumphs, 3.2583.65; me- dium to small, 2.65a3.15; No. 2, 200a ‘10205', Florida, barrel, Bliss Triumphs, 222253828 SEEESEES 2223 o PR o E o Se SR SE S B SRS RS e Cen 8t P & L 5'38 '53 76 Chi Dis El "'!’,"Ifl A 9 s 65 B, '35 '37 923 102 s "40 34, A 47, 107 275 | York. P 53 B 61 93%s L 4i4s '38 9% 4Kans G&E 63 A 2022 108% 2 Kansas Pow 53 A '4i. 98 2 Kopper G&C 5los '50 10it'% 103% 4 Laclede Gas 528 '35, 101 ' 101 1Lenigh B'S 65 2028, 1043 1043 4las 9510 iss Pow & Li 55 '57 953 iss River FI xw '44 99%s iss River Pw 5s '51104%2 at Electric 5%s '78. 71 Nat P & L 65 A 2036 104% L 55 B 2030. £9'% s 78, ki Py LT TR, N P 22, 17 Nor_Stat Pow 4%23 '61 97%2 16 No Sta Pw 6133 ‘33 gn 104 30hto Ecison 58 "60.. 1033 9 Ohio Pow 4’38 D '56. 55 ac Wes Oil 6125 '43. P&L 4 8 P&L 5'%s A '49103'% L bs C /50 997 8 4% 364 haw W&P 4125 B '68 haw W&P 4125 D m e & 5. n'fl: 1] o 78tandard P & L, 65 28un Ol 3tas '39.... 2 Super of Iilin 4125 88 90 : Ry 35 S Rub 6'as '34. s 4%28 "4d. 96 Comp Pk 65 '68 55 werin 65 '35 ww 41 6 9812 65 '41.. 930y 5 Wash W & Pow 55 60 104 6 Wes Tex Ut 55 A '57 88’ FOREIG FARM PRICES GENERAL TREND CONTINUE MODERATE DECLINE Fruits and Vegetables Are No Exception in Downward Movement as New Month Arrives. The general trend of prices on farm roducts was downward near the 1st of ay and frults and vegetables were no exception, although the declines were moderate and a few lines of fresh prod- uce moved upward against the prevail- ing tendency, according to the United States Bureau of Agricultural Econom- fes. - The old onion, season is nearly done and prices are irregular. The sup- ply of new onions has increased and prices are lower. The Northern potato crop has been moving to market in moderate volume, led by heavy ship- ments from Maine and Idaho. The markets on new potatoes were fairly steady in Northern cities around the 1st of May, but prices tended lower for Southern . onlons and strawberries. Firm to higher prices prevail for as- paragus, tomatoes, lettuce, celery and cabbage, notwithstanding the ~usual trend downward at this time of the year because of increasing supplies. Firm Apple Markets. The apple markets have been giving stronger action than most other lines of produce. One reason for the fairly well sustained price is the great reduction in the moderate surplus, produced be- cause of active exports throughout the season. Returns fairly satisfactory to growers were reported on Eastern and Midwestern apples in the large markets, and it was anticipated by many East- ern dealers that their supplies would clean up in satisfactory manner. The general level of prices was a little below the highest of the Spring season, but some markets advanced a little near the end of April. Baldwins gained about 50 cents per barrel in New York, with prevailing range $5.50 to $5.75, and most sales of el packs were at $2. Other Eastern cities quoted $1.85 to $2.15. Staymans from Virginia and other Eastern sources sold at $2 to $2.25 in Baltimore and Washington and Eastern Ben Davis brought $1.75 to 2. Virginia Winesaps were firm at $2.25 in Pittsburgh and Washington. Western New York Spys brought top of $7 per barrel in New Receipts of apples were light in Philadelphia and Pittsburgh, but most Eastern markets reported moderate car- lot supplies and fairly good demand. Apple storages in Western New York seemed to be clearing out their holdings as fast as possible, but some dealers complain that the cutgo is not so heavy as it should be to clear the storages be- fore warmer weather arrives. The | quality of the fruit remaining is only | fair and not much of it grades No. 1 because of scald or bruises. About 12 carloads daily have been shipped from this section lately. Sales of Baldwins were mostly $1.75 to $1.85 per bushel at shipping points. Potato Shipments Moderate. Shipments of old potatoes seem to be decrelal,:s from most sections, but the comb! o\l'.zut is fully equal to corresponding weeks a year ago, owing to_increasing l\:flplks from the South. About one-fourth of the daily receipts are from e. Demand for Maine potatoes is reported slow in producing sections. Prices were down to about the lowest of the Spring season, most of the March rise having been lost. Total shipments from the State are expected to reach close to 55,000 cars for the sea- son if prices hold fairly well. Other Eastern producing sections are shipping only in small volume. Local reports in- dicate only about 200 cars remaining in Westérn New York and shipments from other Eastern sources are rather scat- tering. Prices have held better than in Maine and growers are receivin to 75 cents per bushel from the dealers. ©Old Onions Nearly Through. About, three-fourths of the onion carlots leaving in late April were from Texas. A few cars daily were shipped from Michigan, New York and Ohio. California shipments are .beginning, but the early crop there is lighter than expected from early estimates. The Texas crop also seems to be turning out below expectations and total sup- ply of early onions may be less than that of last season, instead of greater. Carlot arrivals of old onions are rather light in Boston and Phila- delphia, but fairly liberal in other mar- kets for the time of year. Prices of Northern cnjons in good condition showed an upward tendency near the end of the month, with sales in New York of cold storage stock as high as $1.60 per 100 pounds. The general jobbing range of Eastern yellow onions was $1 to $1.25. Texas yellow onions tend a little lower in some Northern markets, but the general level is fairly steady at $1.25 to $1.50 per crate, with a few tops of $2. Holdings of carrots are rather heavy | for the season of year in Western New York and growers as well as dealers find_little demand and great difficulty in dis ing of their stock. Most of the shipments are on consignment and 5? cars were shipped out near the first of May. FAILURES DECLINE DURING FEBRUARY Justice Department Reports| 1,658 Bankruptcies, With $33,330,000 Liabilities. By the Assoclated Press. . As & part of its Nation-wide investi- gation of bankruptcy the Justice De- partment reported yesterday 1,658 bankruptcy cases with reported labili- ties of $33,330,000 had been filed in February, as compared with 2,367 with labilities of $48,354,000 in January. The figures also showed 905 com- | mercial failures with liabilities of $26,- 319,000 had been handled through other channels than bankruptcy dur- ing February, as compared to 961 such | cases with liabilities of $46,223,000 in January. “Thus liabilities in failures liquidated outside of bankruptcy in both months,” the department explained, “were nearly as great as the liabilitles in bank- ruptey.” he department reported that in- solvency liquidation through receiver- ships continued to be concentrated in the States of New Jersey, Rhode Island, Maryland, Ohio, Indiana and Wash- ington. . “New York, however,” the department said, “continues to be the State in which the largest volume of commer- cial failures was handled through gen- eral assignments, with 116 such cases and liabilities of $1,268,000 reported for February. Comparison by geographical divisions reveals that this type of liqui- dation as compared with bankruptey IN SPITE OF DEPRESSION Special Dispatch to The Star. BALTIMORE, May 1.—Ability of the Consolidated Gas, Electric Light & Power Co. to report steady increases in earnings in recent years in spite of the depression is attracting considerable at- tention in the financial district. Comparisons of first-quarter returns over the last four years, including two years of depression and two fairly pros- | perous periods, showed unbroken gains in both gross revenue and net income available for stockholders. Gross revenue was as follows: 1931, $7,793,343; 1930, $7,629,561; 1929, $7,- 409,299; 1928, $6.955,326. Net income after charges: 1931, $2,153.705; 1930, $2,054,997; 1929, $1,908,8¢4: 1928, $1,665,560. In each of these periods the utility covered dividend requirements by A gocd sized margin, adding $855,787 to its surplus in the first quarter of 1931 | and $831,512 in the 1930 period. CHICAGO GRAIN MARKET. By the Associated Press. CHICAGO, May 1.—Nitwithstanding record breaking big deliveries on May contracts, wheat prices today finished practically the same as yesterday. Ap- proximately 36,000,000 bushels of May wheat purchased in recent months was formally delivered to the Government- sponsored agencies, but this had been known far in advance. Temporary fluctuations today covered only an ordi- nary rapge, and came about from less spectacular causes, especially conflict- import duties. July’ ... September uly ... September continues to be considerable in all but | Ju South Atlantic and East South Central States.” NEW YORK COTTON. NEW YORK., May 1 (7).—An opening [2*"™"" advance in cotton on covering, combined | with some trade buving and buying for an upward reaction, was followed by | renewed weakness in the market today | under liquidation and Southern sciing. | July contracts, after selling up to| 1013 on the early demand, broke back to the low record of yesterday and were ruling around 9.87 in the mid-afternoon market, when the general list was 9 to | 12_points net lower. Futures closed easy, 24 to 30 points lower; May, 9.50a9.51; July, 9.73a9.75; October, 10.05a10.06; December, 10.27a 10.38; January, 10,40a10.41; March, 10.03a10.04; spot Tlue!, middling, 9.50. igh. Low. Close. 9.91 MONEY MARKET. NEW YORK, May 1, (P).—Call money steady; 1% per cent all day. Time loans steady: 60 days, 1%aid%: 331,190 days, 2; four months, 2a2%s; five 87 85 3 Saar Basin Con s '35 15 42 Santiago Chile s '49. 77 2 Santiago_Chile 7s '61. 1Stinnes 7s '36 xw... 82 82 7°Terni Soc 6ias A ‘53 83' 4213 Without ww—With _warrants. x rants. n—New. wi—When icsued. BALTIMORE STOCKS. Special Dispatch to The Star. BALTIMORE, May 1.— T Sales. OCKS. S. Last s Arundel Corporation 3i 89 U elity i 10 Western Maryland Dairy i BONDS. 1000 United Rwy & Elec Iat 4 1000 Bnited RYw ‘elee dess” TREASURY STATEMENT. ‘Treasury receipts for April 29 were $3,722,628.25; expenditures, $52,673,- 470.87; balance, $344,039.092, Customs receipts for the month to the close\of business April 29 were §30,913,149.29, oA AR American trucks are bel used for drayage service in Japan. oo to_six months, 214a21 per cent. Prime commercial paper, 2%4a2%5. Bankers’ acceptances unchanged. ly S September December RYE: | | uty TN | September N. & W. RETIRES MORTGAGE. PHILADELPHIA, May 1 (#).—The Norfolk & Western' Railway Co. today paid off its 50-year 6 per cent general mortgage of $7,235,000, reducing the company’s funded debt to that extent. This mortgage was a first lien upon the | company’s main line from Norfolk to Bristol, Va., a distance of 408 miles. The bonds were taken up out of treas- ury funds and no new financing is in | contemplation, the company announced. | The retirement of these bonds will re- | duce the company's fixed charges by $434,100 a year. CHICAGO DAIRY MARKET. CHICAGO, May 1 (#)—Butter— Receipts, 11,907 tubs; steady; prices un- changed. Eggs—Receipts, 32,990; firm, extra firsts, 17; fresh graded firsts, 16; cur- rent receipts, 15; storage packed firsts, | 171%; storage packed extras, 18. | Poultry, alive—Receipts, 1 car, 1. trucks; weak; fowls, 17a18!;; broilers, 32a34; roosters, 14; turkeys, 20a23; heavy ducks, 20; heavy Spring ducks, 24; geese, 9. STOCK AND BOND AVERAGES _ By the Asso FRIDAY, ciated Press, , MAY 1. STOCKS. Today....... Previous day. Year ago. Two years ag Three years ago. High, 1931 Low, 1931, High, 1930 Low, 1930. High, 1929 Low, 1929 Today. .. Previous day. Week ago.... Month ago. Year ago... Two years ago. 20 Utilities. 165.0 EARNINGS ARE INCREASED| ing reports concerning German wheat! + | flower, » |apples, bushel, 75a2.25; 20a30. s ELECTRIC UTILITIES ARE AIDING FARMS Regulatory ~ Commissions Taking Hand in Rates and Extensions. : BY GEORGE E. DOYING. ‘The electric utilities of the Nation are coming to the assistance of agriculture —willingly in many instances and through compulsion in others. The fact that electricity is rapidly being extended to farms is not new, having been progressing with increasing rapidity during the last few years. The rates being charged to farmers, how- ever, and the cost of extending service are now receiving much more attention lll the hands of the regulatory commis- sions. ‘The Railroad Commission of Cali- fornia, which State has more electrified farms than any other in the Union, has adopted a new method of assisting the distressed agricuiturists by ordering two large electric utilities in the San Joaquin Valley to reduce their rates for farm- power service by 20 per cent during the months of May, June, July and August. Voluntary Reduction, ‘These companies are the San Joaquin Light & Power Corporation and the Midland Counties Public Service Cor- poration. They sought a rehearing from the commission, but this was denled and the commission announced that the re- duced rates would become effective today. Following the issuance of this order, the Southern California Edison Co., Ltd., announced a voluntary reduction of 20 per cent to farmers in the San Joachin Valley, effective. during the same four months of this year. M ‘The new public utilities commissioner of Oregon, Charles M. Thomas, has issued an order reducing the rates of ';he Pa'r‘}h';xld lzleitrl;: Power Co. to arms e level of rates ed b urban residents. o . The Appalachian Electric Power Co. has ask the Virginia Corporation Commission for authority to run service lines through territory served by the Virginia Electric & Power Co. and the Virginia Public Service Co. If charter amendment sought by the Ap- palachian 15 granted, that company's system of electric lines would be in- creased from 2,600 miles to 3,300 miles, taking in 51 of the 100 counties of Vir- ginia and undoubtedly making electric service available to many new farms— possibl reduced rates, since the in- vasion is looked upon as the of a rate war. Potential Power User. ‘Experience shows that with every drop in rates the farmers’ use of elec- tric current increases,” says a report just made by an investigating tee of the Pennsylvania House of Rep- resentatives. “Every dirt farmer is & potential power user, in contrast with urban consumers, who use electricity only for light and minor household operations. ‘The committee urged that the State lon be given full power to con- trol the ccst of lines to farmers and the service rates. Many State commis- sions have adopted rules to govern the method of charging farmers for exten- sions of electric lines, the general ‘tendency being to shift more and more of the burden to the utllitles and to make it as easy as possible for the farmers to secure service. ‘The number of electrified farms in the United States at the end of 1930 was estimated at 680,000. The number has been doubling about every three ar:A one-half years. In addition to.this greay {ncrease in the number of farms using eicetricity, thousands of farmers also now have access to natural gas as a result of the construction of hun- dreds of miles of pipe lines. (Copyright, 1231) forerunner Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., May 1.—Pota- toes, white, 100 pounds, 1.25a2.00; new potatoes, barrel, 4.00al ; sweet po= tatoes, barrel, 2.00a4. 3.2524.00; beans, beets, crate, 2.25a2.50; cabbage, bushel, 50a1.50; carrots, bushel, 60a75; cauli= crate, 2.25a2.50; celery, crate, 1.7523.00; kale, bushel, 20a40; 1.2522.00; lima beans, pers, crate, 2.0025.00; 24 00; tomatoes, crate, per 2.50; grapefruit, box, 1.50a2.75; oranges, box, 2.75a4.2i strawberries, quart, Dairy Market. Poultry, alive—Chickens, young, 30a 40; old hens, 21a24; Leghorns, 19a20; roosters, 14a15; ducks, 18a28; ea fowl, each, 50a75; pigeons, pair, 30a35. Eggs—Receipts, 1998 cases; nearby lflfig, dozen, 1612al17; current receipts, 4. Butter—Good to fancy creamery, pound, 24a26; ladles, 20a21; rolls, ;2-18; prccess, 22a23; gtore packed, al5. , Hay and Grain. ‘Wheat—No. 2 red Winter, export, 83%; No. 2 red Winter, garlicky, spot, 83%; May, 83%. Corn—No. 2 domestic, yellow, 71a72; cob, 3.75a4.00. Oats—White, No. 2, 38a39; No. 3, 37a38. Rye—Nearby, 55a60. Hay—Receipts, 18 tons. While re- ceipts of hay are ample for all require- ments there is no surplus of heavy clover mixed being offered. Such grades will bring a premium of $1 to $3 per ton, depending on the amount of clover. Fair to good timothy ranges from $24 to $26 per ton. Straw—Wheat straw, No. 1, per ton, 12.00a13.00. Oat straw, No. 1, per ton, 12.00a13.00. Live Stock Market. Cattle—Receipts, 200 head; light sup- ply; market steady. Steers—Choice to prime, none; good to choice, 8.00a8.50; medium to good, 7.00a7.75; fair to medium, 6.25a7.00; plain to fair, 5.5026.00; common to plain, 5.00a5.50. Bulls—Choice to prime, none; to_choice, none; medium to good, 5.00a 5.50; fair to medium, 4.50a5.00; plain '3.0 w{l’h 4.00a4.50; common to plain, .50a4.00. Cows—Choice to prime, none to choice, none; medium to good, 4.50a 5.00; fair to medium, 4.00a4.50; plain to fair, 3.00a4.00; common to plain, 2.00a3.00. Heifers—Choice to prime, none; good to_choice, none; medium to good, 6.75a 7.25; fair to medium, 6.00a7.75; plain to fair, 5.25a6.00; common to plain, 4.50a5.25. Fresh cows and sprlnle;‘!. 30.00a70.00. 200 head; light supply; ke Shee 1.50a4.00; lambs, 4.50a10.50. Hogs—Receipts, 1,200 head; moderate supply; market higher. X 8.30; “heavies, 7.00a7.90; um, 8. 8.30; roughs, 5.00a6.50; light pigs, 7.75a 8.10; pigs, 8.0088.30. Calves—Receipts, 100 head; lght m&- ply, market steady. Calves, 4.00a9.00. TIME MONEY DECLINES. Time money reached a lower level last week as its cl was measured by the Department of Commerce, but call funds remained unchanged. In the totals that follow the average rate is given for both classes, for based on averages from lead- money centers: Week ended April 25 Previous week.