Evening Star Newspaper, May 10, 1931, Page 64

-3 * FINA BONDS GO UPWARD INREGORD TRADING Day’s Business One of Heav- Jest Saturday Sessions Since January. BY ALEXANDER HENDERSON, Associated Press Financial Writer. NEW YORK, May 9.—The bond mar- ket continued to advance today, but the i gains were irregular. The changed tenor of the market was apparent in the greater activity as well | as the rising prices. Sales aggregated $6,041,000 par value, one of the largest totals for a short session this year. The year's high record for activity was $6.- 900,000, which was made on January 31. The average prices for railroad and industrial issues and the composite average of these groups and of utilities all showed gains over Friday. Railroad bonds made the broadest advance. Net gains of 1 point or more ‘were made by Boston & Maine 5s of 1967, St. Paul series C and E 4125, Rock Island series A 47.s, Colorado & South- &m 4155 of 1980, the series A 5s of the Tllinois Central and Chicago. St. Louis & New Orleans and the series C 4'is of the same carriers, Rio Grande West- ern first 4s, New York, Westchester & Boston 4'ss. Missouri Pacific series F and G 5s and Nickel Plate series A 51;s. The movement included also bonds of high credit rating such as i sues of the New York Central, Penn- sylvania and Louisville & Nashville. Trading in most foreign bonds con- sisted of & few small sales. And the jrregular gains among_them were nar- Tower than the usual fluctuations, Spo- radic activity appeared in such issues as United Steel Workers 625, German 5145 and 7s, Canadian 5s of 1952, Bra- zilian 6145 of 1927-57, Batavia Petro- leum 48, Japanese 55, Kreuger & Toll 58 and United Kingdom 51!ss, all of which closed higher. Details of re- funding operations for the Dominion of Canada, which will involve the conver- sion of- about $250,000,000 of bonds ma- turing during the next four years into Jlong-term issues will be announced of- ficially on Monday. : Higher prices appeared among indus- trial and public utility obligations also. but the next gains in both groups were narrower than in the rails. Stock privi- lege bonds fluctuated with the corre- sponding stocks. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS By the Associated Press. NEW YORK, May 9.—The following is today's summary of important cor- poration news prepared by Etandard Statistics Co., Inc, New York, for the Assoclated Press: / News Trend. Some/interest attaches to the exten- sion of the interest held by the Public Ttility Holding Corporation of America in the Soclete des Forces Motrices de Vienne, which will increase the large Toldings of the former, sponsored by Harris Forbes interests, in French utilities. In the corporation news the March uarter report of United Aircraft & jport shows share ufl\ln{ll of 30 cents, against 39 cents for the same quarter of 1930, not as unfavorable com- K:flfl.‘m as many other air companies ve shown. The management of Brill Oa:unuon was upheld by the stock- holders after a pmxz contest with a minority. Al Motor Car re- m; dmlor the six months ended 31, The Compinies. * ‘American Smelting & Refining lowers price.of lead 15 ihts o 386 cents B Tack March' quarter deficit %llnfl, deficit $22,167 in 1930. -Wemmer-Gilbert ition Atlas $26,329, Detsel. March quarter cflnmmon u!hu! earnings ts, against 50 cents. D’MCH! n.enure & Rubber reported to have cut wages of factory hands by 8 per _cent and increased working hours. el Co. March quarter deficit $14,426, against net Income $142.922, al to 26 cents common share in 1930. nfilled orders totaled $1,316,000, against $1.919,000 a year ago. Missouri-Kansas Pipe Line completes financing necessary in order fo enable it to pay pro rata share of cost of com- pleting line of Panhandle-Eastern Pipe Line and other lines controlled directly or indirectly. Standard Oil (New Jersey) cuts Diesel ofl prices 10 cents a barrel at Baton Rouge, New Orleans and Trinidad. United Alrcraft & Transport March quarter common share earnings 30 cents, against 39 cents. Motor Wheel Corporation cuts quar- terly common dividend to 25 cents from 3715 cents: March quarter share earn- Meng: Continental Gas & Electric 1930 pre- ferred share earnings $25.58, against 26.21. ’ F. & W. Grand-Silver Stores had 214 stores in operation May 5, 1931. 1. G. Farbenindustrie, A. G.. 1930 net income $21.234.260, against $22,943.385. | Ludlum Steel March quarter net in- | come $16,357, equal to 33 cents common | share, against deficit $49.842 in 1930 Northern Central Railway 1930 net income $2.166,368, same net year ago. Panhandle Producing & Refining March quarter deficit $126.557 against net income $37.220. equal to $1.67 pre- ferred share in 1930 Paramount-Publix-Paramount Films ©of Europe, subsidiary, to spend $8,000,- 000 in current fiscal year Patino Mines & Enterprisers Consoli- dated March quarter deficit $163.618 egainst net income $150,569, equal to 11 cents common share in 1930 Peerless Motor Car deficit, six monthe | to March 31, $201.525, against net in- come $145499, equal to 56 cents com- mon share in 1930, Simmons Co. April sales, subsidiaries, off 235 per cent: four | months, off 26.2 per cent: April sales, | including subsidiaries, off 25 per cent; 4 months, off 31.4 per cent. Standard Brands directors vote to re- | deem 50,000 shares of 87 preferred stock on July 1 120: declare regular quarterly $175 preferred and 30 cents common divide “ds | Universal P. lures January quarter net income, besed on revaluation of prior season's releases as of November | 1, 1930, $80.432. equal to 5 cents com- mon share, against deficit §18.811 New York Telephone reported plan- ning to issue $75,000,000 bonds | Brill Corporation—Management sup- ported by stockholders after proxy fight | Wwith minority group. i Hydro-Electric Securities Corpora- tion March quarter net income from | investment income only, $806,397, against $819.532 ‘Public Utility Holding Corporation re- ported to be taking important part of | capital increase of Societe Des Forces Motrices De Vierne, adding to present ' holdings i Foster-Wheeler Corporation contracts on hand March 31 totaled $5.300,000. a drop of $822,000 since January 1 and $4.600,000 under vear ago. i Consolidated Gas of New York— | Construction budget for entire system | for 1931 totals $80,837.405, of which | £78,513,600 actually would be spent in ! 31, excluding National Air Transport—P. G. .Yohn-‘ son elected president to succeed Hen- derson; latter chairman. New Jersey Zinc March quarter com- mon share 44 cents, & cents. against some other fiyers at Doual tour of France. NCIAL I BOND SUM UNITED STATES' GOVERNMENT. High. 102 5 10129 102 4 + 7. 103 8 10229 108 8 04 13 104 ~—1031.— High. Low. 1029 100 20 103 13 1028 104 13 102 24 102 30 100 6 1039 10020 1071 1042 1092 10529 1139 10914 ~—1931.— High. Low. Stock and dividend. 100% 90'%4 Abram & Straus b} s’ 87% 72 Alleghany Cocv 5a’44 1054 101 Am Agri Chem 7 470 r Stock and dividens 103% Am Sugar Ref 6s°37.. 201 Am Tel&Tel cv 4348739, 105 Am Tel& Telsf5s.. 55 Am Writ Pap 6s°47 R5's Argentine bs June ‘89 854 Argentine 6s A '67. 787 Armour & Co 4%s ‘39 68 Armour of Del 6%s 94 AtchT &S Fead) 48 97% Atch T &S F gen ds 111% Atch To & 8 Fe 4% 95 AtlanticCL 1 99 Atl Coast Line %8 100% Atlantic Ref deb 56 Australia 5s 55 103% Austria Ts’43 96 B&Ogold 4 100 B&Oecv4%s 33, 105's Baito & Ohio 68 '48. 9738 B & Oref 6895, 99 B & O ref 68 D 2000 107'% Balto & Ohfo 6s '95. 951s B&OPLE& W Va 100'x B&OS W Div §s 60 8612 Bangor & Aroos 4 73 Bank of Chile 64857 70 Bank of Chile 638 19 55 107 » 16 Bolivia 7sct 103% Bordeaux 99 Boston & Maine 98% Brooklyn Manh 1st 65 A.. 85 Brooklyn Unlon 58 '50.... 103% Canada 5s°'52. 98 Canada National 4% &'54.. 97% Canadian 9714 Canadian Natl 4% 104 Can Nat July 5569 103% Canadian Natl b8 86% Canadian Pacific deb 95% Centrai Pacifio 48 4! 102 Central Pacifie 551 1! Ch 99% Ches & Ohlo 4%s B '95.. 100 ChiB&Q4%sB'1T. 6314 ChiGreat West 57 ChiMStP&Pbs’7 22 Chi M St P& Padjbs. 765 Chicago&Nwn cv 43549, 107% Chi& N W 63%s'3 1 60 Chicago Rys bs ‘2’ 96 ChiR 1& Pacret 77 Chicago Rock Isl 4% 8314 Chicago RI4%8A. 102% Chi Union Station 114% Chi Union Station 8714 Chi& t Ind con 102% Chi & West Ind 5% 67 Chile Republic 105% Cleveland 7. and Terminal 6%s. 1 37 Colon Oil 683 100% Colo & Sou ref 4%8'36... 97 Columb G & E deb b8 '62. 91% Comm Invest 5%8 ‘4! 24" Con Coal (Md) 1st ref bs. 97% Copenhagen I"ll. R 103% Del & Hudson 6% 100% Denmark §%s 19 104% Denmark 68 °42. 95 Den & Rio Grande en 4s. . 631 Dend& R G West b8 '56. 72% Den& R G West 5878, 974 Detroit United 3; 821 Dodge 10214 Duqu 101 Dutch Eas 101 Dutch East Indi . 24 ,East Cuba Sy, 84 Erie 1st con 70 Eriegen lien s 71% Erie ref 63'67 71% Brie 5876 79% Fiat7s (x 92% Finlan 0 20 Flor East Coast 17 Fondal &G 4%s's3. 117 French 784! 124 French 1%s Gelsenkirchen Min 6 101% Gen Motors 69% Ger Gov b% 78% German Bank 99% German 7s *49. 9614 Goodrich (B F) 6% 86 Goodyear Rub bs 105% Grand Trunk 110 Grand Trunk 78’40 9514 Great North 4%s ‘7! 107% Great Nor gen %38 1094 Great North gen 78°3 824 Greek 6s 1968, 19 Havana Elec Ry 5%s. 74 Hudson & Man ad) 98 Hud & Man re! 101% Humble O & R5%s'32 854 Illinois Cent ref 4s B 82% Illinois Central 4%s’66. . 93% Inland Steel 4 %8 1978. 684 Inter Rapid Tran 66 68l Inter Rap Tr 68 sta . 5014 Inter Rapld Tran 6s‘33.. 89'4 Inter Rapid Tran ev 7s. 84 Inter Cement 68 '48 37 Inter Gt Nor 8915 Inter Match b8 79% Inter Mer Marine 6s'¢1.. .108 20 10730 108 20 L1183 1112 6 113 1 + 15 High. 100% 75 714 106 THE SUNDAY MARY Net Low. Close. Chge. 5 10418 B +11 Net Low. Close. Chae. ‘99’ Kreuga’ Lackaw: 08 Louis & 1044 182" 10814 59 Market 858 861 82 0% a5 100 1161 98 1004 101 58 107% - 98 101 1074 102% 102% - 2 1081 -+ Mo Kan Mo Paell Mi. 106% Nassau i 1 P Nat Da 100% herl 100% 100% 107% 97 222222722 67 1024 - 0% 106% 101 101% -+ 101 107% 107 88% 98 Ore Wai Pact Pa Pittsbgl Poland Queens! RIArk Rome 6 Serbs.Ci Southn | + Union ¥ ~ FLEFESEEEESE S &5 United Urugua; Utan Utifitle Vienna R S o AS#‘J’S £F R o A e S S o e I t M; w Wilson Yokohar Youngs! Inter Ry Cent Am( Int Tel&Tel ev un.‘ Manati Sug e f 1% Midvale Steel bi Milan 6%a '53. MIIEI R &L 1at ref MSIPASSMEYs ri Pacific Montana Powe! Norfolk & W cn 48 North Amer Ed North Pacific 3 North Pacific 48 '97. North Pacific b8 D 20 North Pacifio r Northern States Pow Norway 6%s Orient Dev 5%8 67, Pacific Gas & El fic Tel & Tel Paris-Lyons-Med Paris Orleans 63%s 196! [1 Postal Tel & Cab 6s '33. Queensland 6s°47.... Reading ¢%s 97 Rio de Janeiro 8s 46 - Rio Grande Do Sul 6s°68.. Rio Grand West col Seaboard A Lref ¢s Seaboard A L con 846, Seine Dept of s, South Pacific 434868 . Southern Pac 4% 5 '6% ww Southern Ry gen 4i Southern Ry 1st 61 Southern Ry gen s South Ry dev 648 Stand OIINJ bs...... Stand ?Il NY4«H%s's1 Tenn Copper s Texas Pacific 55 B Texas Pacific 55 C 7' Un Pacific ref Utd Kingdom 538 U S Rubber 18t & ret b, Va Ry & Power 68 '34. Virginia Ry 1st West Shore 18t és 1 w.fl. Maryland 4s ‘63 STAR, WASHI niah W 70 0\ 1084 100% 108 g Law Close O 0T LU RRN B0 1084 1008 108 iy o 2 ™~ " ‘o TS 55 by Toll anna Steel b D '8! YL+ 2225 52 £-5& Nash unt o= St Ry T8 A $+540 & Tex T LEry 7 Friszs ¥ fic 58 G. 15 a3 57 Eleo ¢n 81 ry Prod 634848 b 3 t Radiator 6% 8 1947, <_¢vu.¢- o T ;4 ikt bbd LTI FF OFEF FEPF s 2047 102% 964 9674 106% sh 1st ref 4s'61... h&WVa ¢%s 8550 land 78 &L4%s %853, ronts&Slavis's: Pac Ore 4877 K ) 44 i | Pacific 45 6! 2 Drug y 65 1960.. er & Light . s P& LE%s"T... 68 1952.. aryland 534877, 6 & Co 1st ma tow: 'MADRID PROTESTS CATHOLIC ACTIVITY Government Attitude on Election Letter May Be Reported to Pope by Archbishop. By the Associated Press. MADRID, May 9.—The republican government announced today it had protested to the papal nuncio in Madrid the recent pastoral letter of Cardinal Primate Fedro Segura of Toledo in which he urged Spanish Catholies to | vote in the coming elections for Dep- uties who would defend the rights of the church Archbishop Segura may go to Rome to report the situation to the Pope, un- confirmed reports said. The newspaper Lo Voz said last night it had been re- liably informed that he would shortly be recalled to Vatican City. Minister of Justice Fernando De Los | Rios has characterized the letter as “a frank assertion indicating the hostility of the church to the republican regime” and has said the government would not permit in the future such “undercover attacks.” Meanwhile the government is prepar- ing to apply a decree issued last night abolishing compulsory religious educa- tion in the schools. In the name of re- ligious liberty, the desrse provides for church instruction at the request of pupiis’ parents. - . Sets Record Without Trying. PARIS, May 9 (. —Capt. Prank Hawks flew from Le Bourget to Doual, ‘ll’l“l“l‘(: tIZD mi::;,‘ m'!l minutes toda; without even trying for a speed record. He made the trip for pleasure, joining for an air GOV. BILBO INJURED IN AUTO SMASH-UP Mississippi Executive’s Car Over- turns After Skid- ding. JACKSBON, Miss., May 9.—Gov. Theo G. Bilbo suffered a fractured rib, abdominal injuries and several cuts and bruises as his automobile overturned on the highway near Prentiss, Miss., today. ‘The Governor was brought here in another car and given first-aid treat- ment. Immediately afterward, against the advice of his physician, he went to | the Capitol for a scheduled conference. His negro chauffeur reported the ma- | chine went out of control in a driving {rain and skidded dowh a steep hill, plunging off an embankment and over- | turning. |RECEIVERSHIP SOUGHT FOR JULIAN OIL FIRMS | Bister of Constance Bennett Ac- cuses Magnate of Extravagance and Inefficiency. | By the Associated P OKLAHOMA CITY, May 9. —Suit for receivership for C. C. Julian, | spectacular ofl operator, and four of | his companies was filed in District Court today by Miss Marjorie Bennett of Hcllywood. Calif., a stockholder. Miss Bennett, said to be a sister of the film actress, Constance Bennett, |alleged Julian “is incompetent and is dissipating assets of the companies.” The companies named are the C. C. Julian Oil & Royalties Co., the C. C. Julian Development Trust, the City Drilling Co. and the Black Warrior Co. Also named defendants are L. 8. Bolling and Clay Mann. Julian is free on bond tempted Tex. on charges of at extortion and to 3 m kidnap, preferred by IMEXICAN PAPER RAPS | BUTLER SPY MISSION | Reveals American Purposs of In- vasion Grafico Says of General's “Traitorship.” | By the Associated Press | MEXICO CITY, May 9.—The news- | paper El Universal Grafico said in an | editorial today that Maj. Gen. Smed- ley D. Butler's disclosure of his spy mission to Mexico City in 1914 was a' raitorship” to his country. The paper added that Butler's remarks revealed the Unted States had “exercised vigi- lance on our country with purposes of invasion.” In & speech in Philadelphia Wednes- day Gen. Butler said the late Mexican | President Victoriano Huerta had signed |an order, while intoxicated, giving the | Marine officer power to enter all army barracks in Mexico City. Butler said | he posed as a detective in search of a murder from the United States. The newspaper asserted. that Huerta's liking for liquor had been made known before, but that the revelation of “far from pacific intentions” of the United }E‘Latt;”mward Mexico is “very inter-| ng. GOLD CARGO FOGBOUND |Ten Millions on Ship Awaiting Docking in New York. NEW YORK, May 9 (#).—Ten mil- lion dollars’ worth of gold was fogbound at the entrance to New York Harbor to- day. It was shipped from Buenos Aires banks to New York banks on the liner Southern Prince, which was due to dock yesterday afternoon, estimated the shi] banks id lose $500 to 4600 by the delay, | NGTON, D. C. MAY 10, 1931—PART SIX (Continued From Second Page.) Btock and dividend. Thomp-Starr pf(3%). w haeco Prod(A) (195¢), neriea Corp (1).. Tranaue & Willlams (1), T'ri-Continentl Corp. Tri-Con Corp f (8 Trico Produets (2%)., Truax Traer Coal Co Truseon 81l (g1.20). Twin City Rap Tr of(7). t ACo(180), tn Underwd-Ell- Union Pag & I'n Carblde&Carh (2.40). UnoOilof Cal (2).. Unlon Pacifio (10).... Union Pacific of (4 Union Tank Car (1.60) United Alrcraft. .. Unit Alreraft pf (3). UnitedBiscult (2). Unit Carbon. United Cigal Unit Corpor United Corp pf (3) United Dyewood. United Dyewood Dye Wks (2).. Utd Plece Dywks pf 6% . U 8 Distributin U 8 & For Sec. U S Freight. . U8 Gypsum (1.60) Rubber 1st of... U S Smelting & Ref (1).. US Smelt & Ref pf(3%). U S Steel (7)..... U 8 Steel Corp pf (7). U S Tobacco (4.40) United Stor. U Univ Pictures 1st pf (8). Univ Plpe & Rad. Utah Copper (8). & Util Pwr&Lt A (et2.15). Vadasco Sale: ‘Wabash Wabash 44+ A+ Ward Wi % : ne! We: 297 103% 23'5 1021 81y P44+ Hl++ts4+ 1454440410 Whit Whi + | 41 4+4 14 MR stock Elec & Pwr pf( Iron Coul & Cok: Vulean Detinning Waldorf System (134). Walworth Co (1) Baking (A). ner Bros Pict. Quinlan. Wesson O11 & Snow (2).. Weason Ofl & 8n of (4).. Penn Elec A (7)... West Penn Elee pf (8) West Penn Elee pf (7) West Penn Power pf(§). Penn Power pf(7). ern Dairy (A). Wheeling & L Erfe pf... White Motors (1)....... White Rock M 8 (1434).. Sewing Machin Wilcox Ofl & Ga Worthington Pump. Worthngton Pump Wrigley Wm (6).. & Towne (2). Yellow Truek & Coaeh. Young Spring (3 Young Sheet&Tube(4).. 2% Zenith Radio....... Dividend rates as given in the nts based on the latest 2% n Plus 5% in FINANCIAL RR... RR (A). 444+ Bros pf (3. @y, nlohr pf(7) Li4++0 410 ++1 1 R E e w Mach pf. iy or half-y less than 100 shares. 1Partl % Sers. tella 3% e P b Payable in stock. a Pavad n earned. oc s 8% in stock. & Plus 6% in ocl’ splus $1 in preferred stock. Kk Plus Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., May 9.—The egg market continues to show a decline | each week, although the drop the past week was only quarter of a cent a dozen and the trade generally belleves the bottom has been reached. This is| based on the fact that all surplus stock | is being bought up by the packers for | * | storage and with no accumulations the | market should hold steady or show a | slight advance within the next 10 days. | The market closed today at 163, cents & dozen for nearby firsts, but it takes freshly laid, well-graded stock to bring this price, as all held stock has to be | sold at a discount. The general live poultry market has shown an easier tone under liberal re- ceipts the past week and with both old | hens and Spring chickens showing a decline of a cent or two a pound the market is purely a buyers' market. | Mixed colored Spring ' chickens, 2 pounds and over, are selling mostly 31 | to 33 and smaller 25 to 30. Medium | to large old hens, 3'; pounds and over, | 21 to 23, with Leghorns bringing 17 and | 18, but all poor thin light fowl is gen- | erally neglected at 12 to 14. Old roost- | ers in ample supply and with demand limited the market is easy at 12 to 15. Demand for ducks also limited and cen- | tered. on choice fat young ducks at 23 to 26, but old ducks move slow at 15 to 20. Guinea fowl and pigeons con-| tinue steady at 50 to 75 each for the | lf.o'r':nfer and 30 to 35 a pair for the | Market for old stock white potatoes | dull and values show a decline at 1.60 | to 1.85 per 100 pounds, but ungraded | poor stock will not bring over 1.25 to| 1.50. Sweet potatoes and yams in bet- | ter demand and under limited receipts | the market shows an advance at 3.50 to 450 a barrel, but ungraded and mlx;go stock will not bring over 2.00 | to 2. Native and nearby garden truck in- creasing in receipt and while a fairly | good demand prevails values continue | mostly in buyers' favor at the following | aunmuom: Asparagus, 1.00 to 3.00 | lozen: kale, 25 to 50 bushel; lettuce, 1.00 to 1.50 hamper: Spring onions, 75 to 1.25 per hundred and spinach, 25 to 50 per bushel. ‘The live cattle market continues dull under a limited demand and centered on first quality stock with receipts on the wharves running light and mostly | of common under-grade stock, which | is slow sale at inside prices. Quota- tions today at Light Street Wharf. ef cattle, first quality, Ib., 7 to 8; common to medium, 5 to 6; bulls l&‘ 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, choice, 8'4; large, fat, 7'5 to 8; large, rough, 6 to 7; thin, 4 to 5; rough and common, 4 to 5: sheep, 4 to 5: old | bucks, 2 to 3; Spring lambs, choice, 12; fair to good, 9 to 11; Fall lambs, 8 to 10; hogs, straight, 8: cows, 6 to 7; stags, 4 to 5; live pigs, 15 to 18; shoats, 10 to 12. Closing grain quotations: Wheat, No. 2 red Winter, spot, domestic, 833;; No. 2, red Winter, garlickly, spot domestic, 83%; May delivery, 833 corn, No. 2, yellow spot domestic, 73a74: cob corn, 3.7524.00; oats, No. 2, white spot do- mestic, 38a39; No. 3, white spot, do- mestic, 37a38; rye, nearby, 55a60. p Pl Bryant's Grandson Dies. NEW YORK, May 9 (#)—Harold Godwin, 71, a grandson of Willlam Cul- lent Bryant and at one time managing editor of the Old New York Commer- cial Advertiser, died last night in Roslyn, Long Island. — Hankow and Ichang, China, have just been connected by a daily passen- ger_and mall aviation service. MONEY TO LOAN On improved real estate, in D. C. or Maryland. Also on vacant land or lots. || Prompt service. Current rates | LEROY GADDI: | 823 15th St. | Money to Loan Secured by first deed of trust on real estdte Prevailing interest and commissio: 20 W & Joseph 1. Weller Establishe 1899 MONEY TO LOAN at 5157 and 6% intes Before Placing or Renewl: 1st and 24 Trust Consult WELCH Realtor IM{‘;"N!.“'A."“N (National Savings & Trast Co. Blds.) National 4346 Money on Hand to Loan on First Deed of Trust 6% Interest Reasonable Commission and Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. CRASH KILLS STUDENT Three Others, Also of Duke Univer- sity, Are Injured. DURHAM, N. C, May 9 (#).—Sey- mour C. Jones of Okolona, Duke Uni- | versity senior, was instantly killed in | an automobile accident near here early today. Lawrence C. C. Lawless of Norfolk, Va. also a Duke student, suffered a | fractured skull. He was unconscious | and doctors expressed doubt he would live. Norfleet Hoggard of Lewiston, N. C., driver of the car, and two siste: gnpmuium Trice of Norfolk, were in: ured. Trade Trends By the Associated Press. Automobiles.—The first 12 States to report April passenger car registra- tions showed a total of 42,160 new cars, compared with 31,519 in March, an in- crease of 33 per cent. The April fig- ure was equal to 73 per cent of the 55,855 new cars registered in April last year. Copper.—Trade circles report that it is becoming increasingly difficult to obtain copper in the domestic market at 9 cents a pound. Doubt was ex- pressed as to whether any custom smelters would be willing to sell at that figure, in contrast with offerings by some smelters earlier in the week. Meanwhile, consumers and fabricators are said to be unwilling to pay more than 9 cents for the metal. Electrical equipment—Spurt of buy- | ing activity in the Eastern districts featured an otherwise quiet week in the country's electrical equipment markets, Electrical World reports. Week-to-week changes are scattered and slight, affecting but little the gen- erally apathetic condition of the dustry. Petroleum—The average price of | crude petroleum at 10 representative producing flelds was unchanged last week from the previous week at 83, cents a barrel. rerage for the corresponding period last year was $1.49 a barrel, according to Oil, Paint & Rrug Reporter. Gasoline at the re- fineries was lower at 4.465 cents a gallon at four principal refining centers, compared with 4.953 cents the previous week and 7.7 cents a gallon last year. Silver—Bar silver was easier at the close of the week, the metal declining an eighth of a cent in New York to 28's cents an ounce, and dropping a sixteenth of & penny in London to 13% pence. Steel.—Operations of steel mills in | the Youngstown district will remain | unchanged next week at 42 per cent of capacity, Dow, Jones & Co. estimates. Republic Steel averages 48 per cent, Sharon Steel Hoop Co., 50 to 55 per cent and Carnegie Steel Co. at or| slightly under 50_ per cent " First Trust Money Avs at Prevailing Rates Prompt Consideration of Your Applieation A. C. Houghton & Co., Realtors 316 H St NW. ______ Distriet 1536-1687 AUTOMOBILE, LIFE, LIABILITY, FIRE, BURGLARY AND TORNADO INSURANCE Thos. E. Jarrell Co. Realtors 721 10th St. N.W. National 0765 Executive-Manager —by a suceessfal corpor oy future. sary. t g Investment $6 Returned if Write for appointment. Room 414 Southern Washington, D. WILL TRADE For securities, Smith bonds, etc., 60 acre estate Montgomery County mnearby ‘Washington. Fully stocked and lqu; ed; modern hous Addr, ox 171-H, Star Office TEN DON°’TS FOR INVESTORS To _get you acquainted with the value of The Financi. an authori- tative =od unbiased source of invest ment data and analyses of all kinds, we offer you free thé May 13th Financial World and in addition a copv of “Ten Cardinal Don’ts” and “10 Attractive Low Priced Stocks”. Simply return this “ad” with your address. Adam, | Building, | SENNCAL WORLD ST Park Placa - New York DEFINITE ADVANCE IN GROCERY TRADE Special Dispateh to The Star. NEW YORK, May 9.—Credit losses of wholesale grocers were smaller in 1930 than in 1929 and grocery failures have been diminishing steadily for months, according to Joseph Wilshire, president of Standard Brands. Food merchants are coming through the de- pression in better eondition than almost any other . he said, which means that ene of the country’s basic NETAS MARKET TRENDS ARE MDED ESteeI Remains Quiet; Copper Slow; Tin Still Down; Lead Drops. | By the Associated Press. NEW YORK, May 9.—The steel market has remained quiet, with further easiness in scrap quotations and de- clines in pig iron making buyers eau- tious. While a slight improvement in structyral steel awards occurred during the week, contracts pending are smaller. Some encouragement was derived from reports of sustained activity in the automobile industry and improving de- mand for pipe line projects, but buying in other lines is restricted. Ingot pro- duction eased slightly to about 47 per cent of capacity. An increase in iron output has not been accompa by a corresponding Improvement in demand an an easier tone has developed. Offerings of copper for prompt ship ment at 9 cents by cusiom smelte: have been absorbed by fabricators and only a limited tonnage was said to be still available at that price. Offerh of metal for the third quarter at 9%, cents falled to attract interest, as buyers are confining their purchases to imme- diate needs. The quotation of 9'5 cents asked by large producers is largely nominal. With the export price based {on & premium of a half cent above the | minimum domestic quotation, foreign buying has been held in check. Although tin prices remained at the recent low levels established, there was less pressure to sell and offerings from bl foreign interests have tapered off eon- siderably. Buyers showed more interest toward the close of the week. Under selling attributed to smelters who are attempting to avoild accumu- lating supplies, lead prices were reduced at the end of the week. Although & fair demand is reported, it is less than Tecently existed. Zinc is quiet and steady. Offerings are not heavy and business is confined to early shipments. Antimony eased in a dull market owing to restricted buying. TELLEZ ARRIVES SAFELY Fears for Ambassador in Reported Derailment Set at Rest. MEXICO CITY, May 9 (#).—Manuel C. Tellez, Mexican Ambassador to the United States, and other who arrived at Vera Cruz on the liner Morro Castle, have been on a passel was derailed near Macho yes- terday. Unconfirmed reports said five per- sons were killed in the accident, but railroad officials said they had not been informed of any casualties. The train industries is definitely improving. was en route to Mexico City from Vera 2. Money Available for Mortgage Loans ceive prompt consideration with us—for gPPLICATIONS for First Trust Loans re- we have available funds for new or refinancing of trusts—in business, office building, apartment house or residential properties, located in the District of Columbia, or nearby Maryland and Virginia. Loans will be made for 3, 5 and 10-year period: Bt ciieniiieiaedinnse and 5%% RANDALL H. HAGNER & COMPANY CoRRE 1321 Connecticut Ave. N Decatur 3600 IR At this time we especially. recommend to our clients the purchase of Equity Shares of The I. G. FARBENINDUSTRIE (I. G. DYES), on which security the full annual dividend has been authorized and will be available in about thirty days. At present market level this dividend will net approximately 6.25% Through close affiliation with European Banks and Bourses, our Foreign Department maintains direct daily contact with the larger Continental European Bourses, advise our clients regarding marke: issues, transfer funds, collect div which enables us to promptly t trends, execute orders in active idends and otherwise serve the investor interested in these markets. LANE, ROWELL & COMPANY Baltimore. FOREIGN & DOMESTIC INVESTMENT SECURITIES —Branches— Richmond Nogfolk Wilmington, Del. WASHINGTON OFFICE—719 Tower Building Telephone—National 9082 Full information as to Foreign upon request. FTR ST Markets, Prices, Trends, ete. No obligation. MORTGAGES AN ASSURED INCOME accompanies investment in our 6% FIRST MORTGAGES —and not only assured, but of fixed amounts continuously to Over a Third of a Century gage. Without a ning of Loss And amounts from $250 up. B. B, SA National 2100 THERE the end of the term of the mort- Which means you will know accurately at the begin- the investment just what the return will be. you can buy them in UL CO. 925 15th St. N.W. IS NO SUBSTITUTE FOR SAFETY.