Evening Star Newspaper, May 7, 1931, Page 14

FINANCIAL [ o BONDS o emea] |BUSIESS FRENDLY = TONARD RALROADS UNITED STATES. (Sales are In $1,000.) Sall Canvass of U. S. Shows Peo- ple No Longer Applaud At- THE EVE NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. CHAMBER IGNORES BONDS ARE HIGHER RUSSIAN SITUATION| — e e ~Prev. 1931 Stock and Sales— Righ. ‘Low. Dividend Rate. Add 00. High. Low. 4% Tide Water As (§0c). 6 80 65 Pittsburgh Coal pf. 2 68 43 Timken Roller (3)... 13 1 2% Tobacco Products. 3 10% Tobaoco Prod A t95c. 7% Transamerica (1). 7% Transue & W (1) Sales. High. Low. ~rrev. 1981, Stock and Sales— 0 :zu llu!n. Low. Dividend Ra Add 00. m:nv‘. o 3% Thompson Sta B8 Int & Gr Nor 55 78 2 Int & Gr Nor i 87% 3-38 101 1046 103 5 103 5 . % -43.. 13 10131 10130 10131 4% 5 8 108 1108 108 % 38 11219 112 611219 2% Sales. Hich. !saw. Close. = s. High Low. Close. Lib3%m32-47.. 1102 3102 3102 3 List4%s32-47. 8 108 3 10230 103 3 “|junior Railroad Securities’ Strength Is Outstanding Eu;opefin Delegates Work to Avoid - Discussion of 10% 68 Pitts St Pitts Un! PR Am Tob B. T T8w Soviet Trading. BY JOHN F. SINCLAIR. Russia is getting & cold shoulder from the world's business leaders at the International Chamber of Com- merce Convention here. Not only has the subject of Soviet trading not come up for formal discussion, but every effort is being used by the European delegates to keep it from being talked about even informally. The German and Italian delegates, ked up by the British, seem to have this matter pretty well in hand. The British delegates are very skillful in their handling of the various subjects | on the program, but there are two sub- jects which they hope will not be ralsed—one is Soviet trading and the other silver. P The American delegates, so far as the subject of Russian trading is con- cerned, seem to be passive. So do the French. This has brought about a condition where the world's attitude toward Soviet Russia will not be dis- cussed at this convention. Certainly not if the pronounced objections of the German, Italian and British delegations prevall. “I can't understand why American business men do not force a digcyssion of the Russian question at this time, said Col. Hugh L. Cooper, New York engineer, president of the American- Russian Chamber of Commerce, and the one who is Ilmudlnl for R“Thuw. day some of its largest power plants. “In the last seven years the United States and Russia have done a trade of ‘about $750,000,000. The balance in favor of the United States is about 450,000,000,” continued Col. Cooper to | & me. “During this time, some of the Jargest, firms in the United States have done business with the ‘Russians and has had any trouble in mean? Just this—that $180,000,000 worth of business, did in 1930, we will be doini times that amous “What I would like to see this con- vem.km.o! world business leaders do is 0 ook (his mAte! e, diskes, and eliminate une , come .w M:me definite conclusion about Postal Tel&Cable pf. Prairie Oil & Gas (2) Prairie Pipe L (3) Proct & Gamb (2. Prod & Refines Prod & Refin, 9 Pub Sy N J (3.40) 1013 118 109% 157% 148 Pub SvNJ pf (8) 112% 109% PubSv E & G pf (6). 58% 36% Pullman Corp (4)... 2 % Punta Alegre Sugar. 1% % Punta Aleg Sug ctf: 11% 5% PureOll. 101% 67 Pul 55% _20% 27% 12 24% 16% 18% 47 41% Reading 2d pf (2) 7% Remington-Rand 148% 137 Rensselaer & Sar 104 6% Reo Motor Car (40¢). 26% 12 ublic Steel. .. 54 27% ublic Steel pf. ... 83% 70 ere C & B pf (7). 22% 11% 40% Reynolds Tob B (3) 6% 1% Richfield O1l. 10% 4 Rio Grande Oil. 4% 22 26 16% Ros > 42% 27% Roy Dteh(m1.3404). 66% 38% Safeway Stores (5). 96 86 Safeway pf(6).....1 30% 154 St Joseph Lead (1). 62% 18 St Louis & San Fr. 76 31% St L-San Fran pf (§) 38% 16 St L Southwestern. 114 4 Schulte Retail Stri 65 40% Schulte Retail pf (8) 108 1% s Seaboard Air Line... 1 631 447% Seénrs Roebuck 32%.. 615 3% Second Nat Inv. 11% 4% Servel Ine... 137 8l Sharon Steel Hoop. .3 20 21% Shattuck F G (11%). Shell Union Of1....... .y Shell Un O1l pf (5%) Sinelair Con Ofl (1).. Sinclair Ofl pf (8)... Solvay Am pf ww 5% South Port Rico Sug. Sparks Withing (1) Spicer MIg...... Spicer Mfg pf (3)... Splegel-May-Stern. . Stand Brands (1.20). Stand Brands pf (7). StandG& E (3%)... Stand Oi1 Cal (h2%). Stand Oil Exp pf (5) Stone & Websf the most important question now con- fronting the world of trade—what is to be done with Russia?” And yet my guess is that, no matter how important this subject is to the business world today, it will get no con- sideration at’this convention. asked world co-ope! an effort to meet the falling silver, started the over world confer- . China wants & ence on the subject. She is the largest of silver in the world, even believes that ! B more to | Oppose I. C. C. Schedule on Ground ragter DR st ;gifig delegates at this turn of The silver question cannot be ig- in the resolutions which will be ted, loyse Meyer, president of the Euro- jon of real wages. Mr. Meyer wants more sclentific data ‘based. upon which real wages can be ; ‘without for cause of much of , he insisted. He even went so far as to say that high wages had been portant contributing factor in the d!r’naflon, . ndeniably most of the foreign dele- | this in do n Studebaker (1. Superheater (2% “Telautograph (1.40). Tennessee Corp(b0c) 20 TexasCorp (3)..e.e 36% Tex Gulf Sulph (4).. 10% Tezas Pac Land Tr.. 19 The Fair (2.40) 4% Thermolid Co. T6% 48 120 4% 14 160% 830 22% 38% 13% 4 4% blu 27% U 8 L 36'% 162% 110% | 150 140 U 8 8 | 52 10 102 4 2 19% 10 Va-Car 41% Vulean Wilson 80% 30 23 15% 10:30 A.M. 130 P.M tions. s Unit of tradl: 4% in stock. §P % 4% USPipe & F (2)..... U S Real U S Rubber. ... U S Rubber 1st pf. 47 USSm&Refpf3%. U S Steel pf (7). 37% Unit Stores pf (4). Univ Leaf T pt (8).. 508 Univ Pipe & Rad. 2 Utll P&L A (o12.15). 49 % vVadasco Sales Corp.. 16 37% Vanadium Corp'n. Dividend rates as given in the above tal cash payments based on the latest quarterly or half year—no regular rate. ¢ Eavable in cash or stock. 1 Flus n stock. hPlus 3% in stock. ) Plus 50c § al rred stock, 3% in stock. m Paid this year—no regular rate. n Plus 5% in stock. & 28% 37T% 6% 23 BRNAS A NRNNRAR A DO h prpf (7).. v & Imp(2) 2 £ ) . B e . 130 Chem 6% p! 2 98% Va Elec & Pwr pf(§). 10s 20s Det (4) Wabash RR. w Ward Baking A. Ward Baking pf (7 Warner Bros Pict. Warner Bros pf 3 Warner Quinlan. Warren Bros (3) W w Westing El&Mfg (4). 290 Westing E&M pf (4). 108 Westvaco Chlor (2).. 2 Wextark Radio Btri 3 Wheel & L Erie pf... White Motors (1)... 4808 White Rock MS 1434, Wilcox Oil & Gas Willys-Overland. . & Co of. . S Woolworth (2.40)... 988 Worthington Pump.. 81 Wrigley (Wm) (4).. 2 Yale & Towne (2). | 8% Yellow Truck....... | _20 181 YoungsSpring (3).. Sales of Stocks on New York Exchange. + 1 300,000 are the annual arly declara- less than 100 shares. tPartl Pl To sctip, TB1ds 3%, 1h stock. s Fatd s bPasable in stock, d Pasable when earnel Plu G peci: Kk Plus %' GRAIN MEN OF TEXAS FIGHT REDUCED RATE It Favors Kansas City Region. for Lindsey Light Co. Dallas, repre- of Fort commission, the A consolidate that action with the rail- ways' suit. .He said the differentials between grain territory and the his Kansas City -territory would give ad-| vantages to the latter which they did ley interposed a question. ot ?’ “Yes,” replied Lefingwell. Counsel for the Government entered an objection to consolidation of the ‘Texas case with that of the rallroads, Co. had no right to file a seperate suit, but should come into the railway in- junction proceed! as an intervenor. The court, three Texas petition. FREDERICK BONDS SOLD in favor of a lower wage standard. The American delegates are divided on the subject. Many of them believe that lower wages are inevitable, but consider the subject is one that can- not be discussed openly. The Europeans have no such illusions, They, at least, are frank about it. “The general tendency may and should be directed toward high real ,” Mr. Meyer concluded, “but eco- nomic conditions, stronger than any theory, impose the measure wheih must be exceeded without endangering the general economic balance of the coun- “No change in business picture 80 far as I can see,” sald Gerald Swope, president of the General Electric Co., to this:writer before his address on the subject of employment, Mr. Swope told the assembled busi- ness men that while the problem of regulation of employment is very broad, each industry must work it out in its own way, ‘The most encouraging fea- ture of it all is the recognition by busi- ness leaders of the responsibility in the matter of giving regular employment to workers. This in ftself constitutes the first step toward its solution. No man who wanis work and cannot find it is ever again “as self-respecting and self-reliant a human being as he ‘was before. He has lost something that can never be replaced,” Mr. Swope said. Like Dean Donham of Harvard Uni- wversity, Mr. Swope believes that stability of employment is to the vast majority of people the most vital factor in life. Dean Donham of Harvard University, author of & recent best seller, “Business Adrift,” belicves the best form of co- which “we can give to & Special Dispatch to The Star. FREDERICK, Md., May 7.—To de- fray the cost of a supplemental water system to prevent the recurrence of last sue of $200,000, and an issue for $35,000 for development of a municipal airport was sold last night by the mayor and aldermen of ick to a group of Baltimore bankers for $253,299.10, & premium of $18,299.10. Eight bids were submitted, represent- ing 16 banking firms, 14 from Baltimore ded to a group composed of Stroth- ers, Brogden Co., Baker Watts & Co., Maryland Trust Co. and Macubben Goodrich Co., Baltimore. The premium on the water bonds was $16,276.10; the airport, $2,023. EXPELS TWO MEMBERS By the Associated Press. CHICAGO, May 7.—Two members of the Chicago Stock Exchange were ex- pelled by the Governinj today for unethical conduct after a hearing that lasted until 2 a. Charles L. Trumbull, a ner in the firm of Trumbull, Wardell & Co., was accused of violating two sections of the exchange rules, conducting busi- ness in a “reckless and unbusinessiike manner” and making fictitious trans- actions. He was alleged to have traded securities without involving any change in ownership, buying and sell- ing to himself. Harvey Cory, under- stood to have a working agreement, although not A member of the Trum- peration troubled world seems to lie in the recog- nition that the answer problems is in our development at home and that we should do everything possi- ble to strengthen Europe in its develop- ment abroad.” In other words, he said, the wants of the people are far from satisfied any- upon of bringing up the stand- ards of living of the backward peoples the world and increase our own standards at the same time. As & place to start the business revival as any other. 3 (Copyright, 1931, by North American News- paper Alliance.) The prime minister of England is the minister of the government. His sal 18 approximately $25,000 s bull firm, was expelled on the second count. METAL MARKET. NEW YORK, May 7 (@) quiet; electrolytic spot 9a9';. Ircn quiet, unchanged. Tin dul spot and nearby, 23.30; future, 23.50. Lead steady: spot New York, 4.00; East St. Louls, 3.80. Zinc steady; East St. Louis spot and future, 3.25a3.30. Anti- mony, 6.70. R Dividend cl in April totaled 223, Standard Statistics says. Reduced and passed dividends numbered 139, while stock dividends aceounted for 26 more. Extras were 42 companies and mlthllhyl.lnonlxmeenem payment, and § increases were reported. Do you mean that Texas men want | 4] junction and Kansas City men A TO BALTIMORE BANKERSi year's water shortage, a water bond is- | and 2 of New York. The issue was = |CHICAGO STOCK EXCHANGE |7 Committee | ! and future, CHICAGO POTATO MARKET. CHICAGO, May 17 -Potatoes: Receipts, 104; on track, 231; total U. 8. shipments, 788; steady, trading rather slow; sacked, per c.w.t., Wisconsin round whites, 1.20a1.30; , around 1.10; Idaho Russets, No. 1, 1.55a1.60; commercials, 1.40a1.45; new stock, dull, trading- slow; Texas sacked Bliss umphs, 3.00a3.40; mostly 3.25; No. 2.0082.15. STOCKS EX-DIVIDEND. NEW YORK, May 7 (#)—8tocks ex- dividend today: Company. Rate. Pe- Parable riod. ke &G d Rent Sarlos llflfl?“ *n 200 rn Contl. UML Gl A 32%e Q INVESTME?.J_T TRUSTS NEW YORK, May 17 (#).—Over-the- June not now enjoy. Judge Walter C. Lind- | :"' e and_argued that the Terminal Grain | Bansici eral judges sitting | on: en banc, reserved judgment on the [ 5 Grim & Foscer Inn m Crum & Inc B a8 SuratEa ;o eanll D Investors Mohawk_Inves Mutual Inve utusl Ma) Qil Bhares Inc units etroleum Trad A. Power & Rail Trust Public Service Tr 8h. Representative v Bapk _. m Trist Sh llat Trusteed Shra . reet Invest D of D of o & N 8“ e b et niversa o U. S. SEES IMPROVED Department of - Agriculture Fore- casts Good Demand From Importing Countries. By the Associated Press. Further indication of prospects for & good demand from foreign wheat- importing countries during the next two or three months was seen yesterday by the Agriculture Department. “In France,” the department said, in & report on world wheat prospects, here have been two successive in- creases in the quota of foreign wheat which may be miljed. This, together with previous relaxation of the German restrictions and other evidences of re- duced stocks in continental European countries, suggests the likelihood of a well maintgined import demand.” ‘World crop prospects, the department said, continued generally favorable. Conditions in Europe, while something spotted, appeared to be on the whole better than -veng. United States Winter wheat prospects were sald to be very favorable, but in the Spring wheat ns of both the Unil States and inada there has moisture. The department sald a recent Cana- dian report on stocks of wheat had resulted in a slight revision of the estimates of supplies available in that | gountry and that as a result it appeared t the surplus available for export | carry-over on April 1 in the four prin- cipal exporting countries, United States | Canada, Australia and Argentina, was a little higher than on ‘correspond- ing date of 1920 and much above the level of a year ago. April 1, 1929, was bushels, 615,000,000 bushels in 1930 | and 735,000,000 bushels on April 1, 1931, i | TWO $100,000 SUITS FILED AGAINST OTIS & COMPANY By the Associated Press. BOSTON, May 7.—Two $100,000 suits in equity were brought today in Su- perior Court against members of the brokerage firm of Otis & Co. of Cleve- land and Boston. The actions were brought. by Horace U. Gade and seven other subscribers to the extent of $205,- 000 in the $7,500,000 “utilities syndi- cate” which was formed in 192 The court is asked to decree that pur- chase by the members of the brokerage wmrny, as syndicate managers, of stock in the Abitibi Power & Paper Co., St. Lawrence 'Corporation and James McLaren Co. constituted a violation of their fiduciary duties. The plaintiffs state that the syndi- cate was formed for the purchase and sale. of stocks of public utilities and u charge that those three companies were not public utilities, but manufacturers. BOSTON WOOL MARKET, BOSTON, May 7 ( mand for wools has graded lines, particular): te Of tirle rly the French =3 upon length of uniform in length and up to 60 cents, whi Y original combing clean was q 58260; half blood, 56a58; three blood, 50a52, and quarter blood, ’m‘i‘r 26a27; ted grease' basis, half blood, s Sighths biood, 1243, and Quarter biood, > AETARRLNE, Kress Sales Increase. NEW YORK, May 7 (#)—. sales crease of 2. cent o 538 reported for A?rffl. n:oo.mm“”!'or the first. four months this year -Fr!- gated $19,907,520, an increase of 1. cent nver $19,695,05' tor the corresponding period 1930. WHEAT SALES ABROAD not as good as last year, but somewhat | A been considerable complaint of need of . type. Best lof mlflmnmuma’:flfc Market Feature. BY F. H. RICHARDSON. Special Dispatch to The Star. 3 NEW YORK, May 7.—Bonds moved higher today in moderately active trading. Strength in the junior railroad obli- gations was the outstanding develop- (ment. Missouri-Pacific general 4s, Frisco 4155, St. Paul 5s, International Great Northern adjustments, Denver & Rio Grande Western 55 and Erie 5s ad- vanced from 1 to 3 points under a steady though only moderately heavy demand. While the market's general strength was based on the virtual certainty of & reduction in the Federal Reserve Bank of New York's rediscount rate, the up- ward trend in the rails had added impetus from a speech by Carl R. Gray, president of the Union Pacific Railroad, and from an analysis published today by a nationally known statistical organ- ization. Mr. Gray deprecated current pessimism regarding the future of the raflroads, and the analysis placed the bonds of certain secondary railroads in & much better light than have recent reports. Earnings reports for April are expected to show that the rate of de- cline in carrier earni has been largely checked. ‘While emphasis was placed on the junior bonds that have figured so prominently in recent breaks, there were also substantial gains in the prime issues, such as Atchison general 4s, Bal- timore & Ohio first 4s. Norfolk & Western 4s, Chicago, Burlington & Quincy general 4s and_Union Pacific first 4s. Alleghany Corporation 58 shared in the improvement, the 5s of 1944 gaining over 2 points. It was an- nounced today that additional collateral had been deposited in security of these bonds in order to bring the market value of the aggregate collateral to 150 per cent of the outstanding bonds. The rest of the market was fot to follow the lead of the railroad group. Industrial, public utility and foreign dollar. issues generally improved. United States Government long-term slow trading. The municipal market was re- ported filled with bids at new high prices which could not be met, because of the scarcity of offerings. In the foreign department the ad- vance was more irregular. A few issues, particularly those of Australia, weré weak. Brazil 6)5s, Uruguay 6s, Chile 6s and other South Americans gained 1 to 3 points. In the European group Aus- trian issues were nearly a point better. Gérman government 5'2s were up over a point. Italian Public Utility Credits ;l Mmde 6128 and Milan 6'2s were in an No new bond offerings were an- nounced today except the New York City $52,000,000 of four-year corporate stock for rapid transit purposes, which will be auctioned May 12. There was spirited bidding by & number of syndi- cates for an issue of Westchester County bonds amounting to about $16,000,000. The bonds were awarded to Chase Se- | curities Corporation and Syndicate on a bid that represented a 3.601 per cent cost plus interest basis. SALES. Capital Traction Co.—10 at 34, 40 at 34, 10 at 34, 10 at 34, 30 at 34. - Potomac Electric 51%2% pfd.—10 - at 8. Federal-American National Bank & “Trust Co.—10 at 50, 10 at 50, 10 at 50, 10 at 50, 10 at 50, 10 at 50, 10 at 50, 10 at 50, 10 at 30, 10 ot 50, 10 at 50, 10 at 50, 10 at 50, 10 at 50, 10 at 50. | Riggs National Bank—5 at 380, 5 at 380. ‘Al;lerleln Security & Trust Co.—4 at 28. Peoples’ Drug Stores pfd.—5 at 1011, 5 at 101, AFTER CALL. mmm;c Electric 6s 1953—81,000 at 1085. Washington Gas 6s A—8300 at 10215, Washington Rwy. & Elec. pfd.—5 at 98. Capital Traction 55—$3,000 at 80%. Capital Traction Co.—100 at 34. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tel. 4%s '39.. Am. Tel. & Tel. ctl. tr. Bs.. Pot. R. R. 58 359 =& s§Rss. 283 edsas Georgetown Gas 1 Potomac Elec. cons. 3 Potomac Elec. 63 1953.. Wi Alex. & Mt . e The surplus of these countries on W Ry. & El. com. (1) RWy. & El. pfd. (5). NATIONAL BANK: HEEaNE = = Second (9e) Washington (13) 7 TRUST COMPANY. =] Union Wash. SAVINGS BANK. Bank of Bethesda (6§). .. Commerce & Savings (i6) Enst Washington (12). e 2 33588 s!: e Firemen's (8). National Union (15). & TITLE INSURANCE. bonds 1an up 3/32 to 6/32 in active | b £ Ref 65 °37.. Am T&T cv 4?!']' 5 Argentin Argentine § Belgium 68 Belgium 6 1 Beth Steel pm 58'36 Beth St rf 5 Bolivia 75 Bolivia 78 ' Bkiyn Un 1st 5 Budapest 65 '62. Buenos A 6x '61 Pv. Buff Gen El 4% s'81 Bush T Bldg b8 '60. Calif Packing 58" 40 50, Can Nor 78 d Can Pac deb » Can Pac 4% 5 Can Pac 68 ctfs “44 Can Pac 585 Car Clin & C » . PN SHAR N S e - . C&Ogen43s'sz.. C&O4%A. C&O4%s B'95. CRi & Alt3s. ... CB&Q gen 43 '6i CB&QIldv3 e s Chi M&StP 4%sC.. Chi M&StP 4 %sE. 5 Chi M StP&P bs 75 170 P ad. Chi & NW gn 4s'87, 6 C&Nwn 4% s c 2037. 10 Chi & NW con 4%5.135 Chi&NW rf 58 2037, 2 Asked. | Ch Chin Gvt Ry 68 °51. CCCAStL 4% E. .. jccca&stLbs D63 4 1. Clev Term 5%s'72, i [ Colo & Sou 4 Col G&E bs M 5% . CCMdistrf5s°60. ConGNY5%s’45. Con Pwr Jap 6% Con Pow Japan i Copenhag bs ‘52. 52...0 Cuba Nor 5343 °43. . Csecho $5°61.. . 1 Det Ed G&R4%5'61 148 Det Edison rf 5549 19 Deutsche Bk Dodge Br el 6 Dutch East 1 6862, Erie 18t con 48 '9| A Fisk Rub 8541 Fla £ Coast b5 ‘74, Fram 1D 7%s8°42.. French 18°49...... French Gvt 7%s ‘41 Gen Baking 5% 40 Columbis (6h) .. Sonl Batate i MISCELLANEO & Ross. Inc., B thodicas Hide: esm i Sand & Gravel pfd. (1) . Sec. prd. (1) Bromo-8elz. “A" { al Btorage pid, (8) ‘Am. Co." com. y at 62, French combing, | 5on, extra. RUBBER MARKET. NEW YORK, May 7 (Special) — C,:"rug:ngu:ber, lmotled ribbed sheets, was H s noon quiota~ tlon of 614 cents. This compares with €7 a month ago and 14 & year ago. German Bank 7s '50 German 78 rep ‘49.. Ger Gen El 7845 Goodrich cv 68°45. Good 18t 6348°47. ., Goody'r Rub 68 '67. GrandTr sf db Grand Trunk 7; Grt Nor ¢%3 77 E. Grt Nor 55°'73. Grt Nor gn % Grt Nor gen T8 Greek 6! M adj 6867, M rf 58§ 6% Tri-Cont Corp. 9%, i e 921 Tri-Cont Corp pf (8). 3 29% Trico Products(2%). 5% Truax Traer Coal Co. 62 41% Twin City RT pf (1) Und-Ell-Fisher (5).. Und Ell-Fisch.pf (7) Un Carbide (2.60). Un Oil of Cal (2).. Un Pacific (10)..0000 Un Pacific pf (4) Unit Alreraft... Unit Biseuit (2). Unit Carbon. Unit Cigar Stor 164 Unit Corp (76¢) . Unit Corp f (3). Unit Fruit (4). Unit G & Im (1.20) Unit G & Im pf (5) U 8 Distributing. . U S Indus Aleohol(2) US Leathar........ KanG & E4%n'80. ‘43, Kreug & Toll 569 Lor/llard 6%s Lorillard 7s Lou G & El 53 '5: L & N uni 4s ‘40 M MilE Ry & L M StP&SSM con Moblle-Ohio Mont Tr 1st Mor & Co 18 Nat Dairy 5% k) Y Cenrf 41482013244 99% 2013 NY ELH&P NY NH&H 3%s 56, NY NH&H « 49 NY W&B 4%8 46, Nord 6% '50. . Norf South b8 ‘41.. 11 20% No Am Co 5s61.. Oreg-Wasn s ‘61 Orient dev b3%s $ Orient dev 63 '53... 16 Pac G & K 58 "42 25% 100% Paris-Ly M 7s" Pathe Exch 7s'37 P D P&WV4%sC60. Poland 75 '47. Poland 8s°50. P'Ind G El 4%s 60, Pure O1l §%s'37. Queenland 6s°47... Queenland 78 '41... 1 7% 1 624% Rich Oll cal Rio de Jan 6 Rio de Jan 8 R Gr De Sul Rlo Gr W 1s RIAr&L % Rome 63353 Roy D 4s°'45 StL IM R&G 4 StL&SFin & StL&SF 4 St L&SF prinss B StLS W 1st 4s'89. 14 StLSWev 2. 6 StLS W 68’62, St P Un Dep 5812 Sao Paulo 88 Saxon 7s"45. . Seab A Lrf 48’4 Seab A L 4s st Serbs-Cr-S1 75 '62.. Serbs-Cr-§1 85 . Shell Un O11 6 Sine O 7scv A'37, Sinc Cr O 5%s ‘38, 70% Third Avadl 70 Toho El Po 88% Yokohama 65 °¢1. 20% Yestn Sn&T 6s 13 tacks Upon Carriers. The people of the United States have become ‘“partnership conscious” with the railroads. The business men of the ocountry have come to regard the steam carriers as they regard other business men, entitled to carry on their opera- % tions without being hampered by ani- petition. This mosity and unfair com made by 2,500 business Jeaders in 427 of the 433 congressional districts of the country. ‘This survey has made evident thatp, sentiment in the great majority of com- munities is friendly to both the rail- roads and the public utility companies and is opposed to the unregulated com- petition of bus and truck lines. It is notable that among those most vigor- ously demanding such regulation are op- reators of individual motor cars who use the highways continually and who ob- Ject to obstruction and destruction of ppears vigorously opposed to gov- ‘ernmental ownershij firoas or utilities. . » o Overcome Handicaps. In achieving this change in sentim the rallroads’ have recovered from. thé el The refusing lormation, the carriers have laid it frankly on the table. In nearly every case where this has been done the sentiment is friendly. This 18 specially true in localities, where the inhabitants know the raflroad men best. The employes of the roads are advised of the facts and tell them airly with a most encouraging result. » feeling toward railroad men is thorou:hly nx!milllfied by reports from some districts which say frankly that the people appreciate the permanence of the rafiroads and the fact that their mmmb are of high are not necessarily of & permanent na- ture is held infh Rty an influence necessitating making enormous profits Thic eciing as-beea overcome acts and 1t Brcse zepions, where Sent- ment is adverse, the one line of suggested by of ‘Tell them the facts.” Attacks Unpopular. companies for highwa, tenance lndltlrl&lohfll':hl:l;“::tm It is significant that the reports, coming from political visions, that attack o tmlnwnlhu&m: ties, either local or sentiment favors na close CHANGE SEEN UNDER WAY IN INVESTMENT BANKING Special Dispatch to The Star, BALTIMORE, May 7.—Sta that ‘was led. - FOREIGN EXCHANGE. (Quotations furnished ; P Hominal Fold elline checks value. 48008 ks June 15, by 3 1728 Sep! 1745 Dec 33 Mar. 3 Dec 15, Sales. High. . Close. Toho El Pow 7i 2 100% uln,; 100% Toklo 5% Tokio El Lt 6: 3. 6 '61 1 7... 15 100% 100% ‘1005 5 93% 93% 93% % 101 ‘83 25 100% 100% lflfl“ 8 107% 10734 107% 66% 66 66 b B 78 78 18 2% T1% T2% 1 70% 7T0% Uruguay 84'46..... 10 93% - 93 93 &8 03% 108% 103% 9 28 67i5 66% 674 4 T8% 6% 76% 04 16 107 106" 107 .. 26 65% 65 . 65 5 1023 102% 102% 5 101% 101% 101% Wis Cen gn 21994 99N 99 43 100% 100% 100% @ - Yng SUAT5s B 10, 80 99% 99% 99%