Evening Star Newspaper, May 12, 1931, Page 15

FINANCIAL OFFERINGS ON CLRB POINT DONNWARD Market Opens Irregular and Dull, Moving Slowly Toward Decline. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, May 12—Opening dull and irregular, today's Curb Ex- change session dragged along, Wwith prices pointing downward the mar- ket entered the afternoon period. The market leader, Electric Bond & Share, most of the time was off about a point, while American & Foreign Power warrants lost about half that amount. Cities Service was dull and down a fraction. Public utilities, petroleums and mine hares were weak groups in the fore- amnoon, though heaviness cropped out in many individual issues in other sec- tions of the list. Electric Bond & Share, through its affiliate, Electric Power & Light, plans entry into Mexico with a natural gas pipe line and has virtually completed negotiations for the Bucharest Electric Co. These developments, as well as ex- pansion plans of American & Foreigh Power, had no immediate constructive market effects. Hydroelectric Securities, with a drop of 1% points, reached a new low in re- sponse to the first-quarter report show- ing income of $806,397, against $819,532 in the same period last year. Pennsyl- vania Water & Power declined & point. ‘The inactive Los Angeles Gas & Elec- tric $6 preferred, with a gain of more than 4 points, hit & new high for tie year, its movement being typical of that class of securities. Brazilian Traction & Light and other international utilities moved {rregularly. Pittaburgh and Lake Erie opened up 113 points in spite of the first-quarter earnings report, showing net of $801.- 551, against $1,460,612 in the same 1930 period. Hiram Walker halved its com- mon_quarterly dividend payment, with no immediate visible price effect on the shares here, Competitive bidding for Consolidated Dairy. on the part of Beatrice Creamery and National Dairy Products, had little effect on the first- named issue. National Dairy preferred scored a new high for the year. (Copyright, 1931 Plan Concerted Vacation. BALTIMORE, May 12 (Special).— The weeks beginning July 13 and 20 have been designated as the concerted vacation period for employes at the ‘Western Electric Point Breeze Works, in Baltimore. This concerted vacation plan is something new in industry and proved highly successful last year, when 86 per cent, or 65000 of the com- pany's employes received vacation with pay. At Point Breeze more than 2,000 ‘employes will go on their vacations dur- ing the allotted period. The plan en- talls shutting down the company’s manufacturing units -as completely as possible and, officials believe, has the advantage of permitting the st tage of employes to be off T. CHICAGO STOCK MARKET | By the Associated Press. ' CHICAGO, May 12.—Following is the complete official list of transactions in | mc on the Chicago Stock Exchange | ay: High. Low. Close. fon 1 15 e BECEt PR ITEF & SFFFSFF FE :ES-;?B _., E8s 5%, S B3ESL 2u5ueEELTLE! i Am Dept Stores NEW YORK CURB MARKET Note—All stocks are sold in one uum%unl those designated by the W] Stock and Dividend Rat AMliated Prod 1 Afr Investors vtc. Alleg Gas...... Allied Aviation. ... . Aluminum Co of Am Alum Goods (1.20).. Alum Ltd A war. . Aluminum,Ltd Bwar. L ~Prev, 1931~ High. Low. 22% 1% 3% 5% 224 1 1 1 4268 Am Capital B Am Capital prpf 5% Am Cit PAL Bb10%. Am Com P A (b10%) Am Cyanamid B Am Equities. . Am For Pow war. Am Founders. Am Gas & Elec (1) Am Gas & El pf (6).. Am Lt & Trac (2%).. Am Maracaibo Am Natural Gi Am Superpcw (4 Am Superp pf (6) Am Ut&Gen cu pf Am Yvetta Co (25¢) Anglo Chil Nitra Appalachian Gas. Arkans Nat Gas A. ArkP&Lpf (7).... b0s Armstrong Cork (1). Assoc El In Ltd 30c. Asso Gas & Electric. Ass0 Gas&El A (a2). Asso G & El et (8)...20 Asso Ray pf cod(6). Atl Sec cu pf ww(3). Atlas Plywood (2). Atlas Util Corp... Auto Vot M cv pf nt Babcock & Wil (7)... 75: 4 Bahia Corp... Bahia Corp pf. Bell Tel Pa pf (63). Bickford’s Inc (1.20) Bliss Co (EW) (nl)., dlue Ridge Corp. . Blue Ridge cv pf a: Bourjois Inc........ Braz Tt & Lt (b8%). Buff N&EP pf (1.60). Burco Inc. Burco Ine Bwana M Kubw ble & Wire A rcts. Cab & W pf rets 19¢. Canada Marcon!..... Cent Pub SvcA b10% Cent Stat El (b10%). Chain Store Devel. .. Chat Ph Aln.v. (1).. Citles Service (g30c) 10 » [ TOIoS SO O P 0t S ORI ST =5 XTSI ST » & BRBMEN AN TR S Com Wat Ser g12%¢ Comstock Tunnel. .. Consol Afrcraft..... Consol Auto Meich. . Consol Copper. . Consol Dairy Prod... Con Gas Balto (3.60) Cord Corp. Corp fec Cl Cosden Ol Cresson Co: Crocker Wheeler.... Cuban Cane pr opt w. Cus! Mex Mining.... Dayton Alr & Eng. Deere & Co (1.20). De Forest Radlo Derby Oil Refining. . Detroit Afrcraft Cp.. Douglas Afr (+1%).. 4 Dow Chemlical (2) Driver Harris new Dubtlier Cond & Ra 4 Duquesne Gax Corp.. Durant Motors. ..... East St Pow B (1)... East Util Assoe (2).. Eisler Electric Corp. Elec Bond & Sh (b6). 19 Elec B & Sh pf (6) Elec B& Shcupf5.. Elec Pow Asso A (1) Elec P & Lt op war.. El Sharehold (b6% ) ¥mp Corporation. Europ Elec deb rt Evans Wallow L Falrchild Aviation, . Falcon Lead. . » T OGO~ WP TIPS - P » mordnnaluna wnmmaZZelen o - Ford Mot Can B 4+ Ford Mot Ltd 36 3-5¢ Foremost Dairy Pr.. Foremost Fabric Fox Theater Cl A. Gen Alloys. . Gen Aviation....... Gen Elec Ltd (p70¢). Gen G&E v pf B (6) Gen The Eq cv pf(3). Golden Center. . Gold Seal Elec new. Goldman Sach T C.. GrtA&PTpf (1).. Guardian Invest..... Gulf Ofl of Pa (1%). Hamiiton Gas rets. .. % Happiness Candy... Hecla Mining (40c). Hydro Elec Sec 1.40. Hygrade Food Prod. 111 Pow & Lt pt (8).. 75 imp Ofl of Can (50c) Indiana Pipe Line(1) insull Inv (b6%). Insurance Sea (10 Intercontinent Pet m. Int Petroleum (1) Int Superp (11.10). Int Utilities B. . . Inter Equ conv pf(3) Iron Cap Copyer.... irving Air Chute 11) 808 5 Py hundred-share lots letter s (80s) (250s), shows those stocks were sold in odd lots. Bales— Add 00, Open. High. 17 19% 19% Tl 12014 VENING STAR, WASHINGTON, Received by Private Wire Direct to The Star Office ~Prev. 1931 High. Low. 8 12% % 29% 19% los— Add 00. Open. Higl L B | 2 13 stock ana Dividend Rate, Johnson Motor. . Klein (DE) Co (1).. Kolster-Br (Am 8Sh). Lackawanna Seo (4). Lefcourt Real pf (3) Leh Coal & Nav 1.20. Lone Star Gi Long Isld Lt pf ( Long Is cu pf B (6). Los Ang G&E pf (6). 258 Louisiana Lan & Ex. Magdalena Synd.... Mavis Bottling (A).. 4 May Rad & Telev(1). Mead Johnson (14).. Memph N G Co (60c) 4 Mid St Pet vtc A Mid W St Ut (1%) Mid West Ut (b8% Minne-Honey pf (6) Mo-Kan Pipe L (A). Nat Aviation. ... Nat C C A pf (165¢). Nat DPrpf A (7). Nat Family Stor: Nat Fuel Gas (1) 4 Nat Investor: Nat Leather. Gl Nat 8 T Sec A (360¢ Nat Transit (1). Nat Union Radio. ... 4« Nevada Cal El pf (7) Newmont Min (4)... NY&Hond Ros(t1%) N Y Transit (1). . Niag-Hud Pow (40c) Niag-Hud Pow A w.. Niag-Hud Pow B w.. Niag Sh Md (40c). Nipissing (30c)..... Noma Elec Cp(40c). 4 Nordon Corp Ltd.... Nor Europ 0il Corp.. Nor Am Aviat A war. N W Engineer (2)... Ohto Copper. Ohilo Ofl n cu p Ove Sec..... PacG&E1stpf1%. Pac Western Ofl. Pan Am Alrw Pandem O11 Parker Rust Pr (3).. Pennroad Corp (20c) Penn Salt (3) 4 Penn Wat & Pow (3) Perryman Electric. .t Philip Morris A . Phoenix Secur Corp. Phoenix 8 C pf (3) Pllot Rad Tube A. Pitney B P n (20¢) Pittsbgh&L E(110).. B Pratt & Lambert (4) Producers Roy Corp. Prudential Inv pf(6). Pub Utll Hold war.. Pub Util Hold Cp xw Puget Sd P&L pf (5) Pure Oil pf (6).. Rainbow Lum PrA.. Raymoud Con pf (3). Reybarn Co..... Reynolds Invest. Richfieid Ol Cal pf.. Rock Lt & P (90¢)... Roosevelt Field Inc.. Rossia Int Corp. & St Antkony Gold St Regis Paper (1 Salt Creek Pro(1.40). Saxet Co.... Schiet & Zander pf Schulte Real Estat. Schulte Un 5c-31 St.. Seeman Bros (3).. Seg Lock & H (50c) . Selected Industries. . Sle Ind prior (5%) S1,1Ind full pd (5%). Sentry Safety Cont. . Shenandoah Corp. ... Shen Corp pt (a3). Silica Gel ctfs. South Penn Ol (1) South CEdpf C1% South Corp. SouthernN Sou Pipe Li o S o o P o AN R RN RN AR S AN LB e B LA N SRR T A N AR KRS BN RN n > » I o 3 s g & SRS e om S 1Y) Ex3 Starrett Corp pf (3). Stutz Motor (new) Sun Invest pf (3) Sunray Oll (b5%)... Swift & Co (3).. Teck Hughes (60c) ‘Technicolor. Inc. . Tran Con Air Tran Trans Lux DL PS8, Tri-Cont Corp war Triplex Safety Glass Tubize Cantillon (B) Ungerieider Fin Cp.. Unit Gas Cor) Unit Gas pf (7) Unit Lt &Pwr A (1). Unit Lt&Pwr(B) (1) U 8 Flec Power ww.. U 8 Foll (B) (50c) U 8 & In) 8ecur. U S Inter See 1st pf . U 8 Playing Card 2% Unit Stores......... Unit Verde Ext (2).., Util PALE(a11.02%), Ut PAL B(at1.02%). Utt] & Ind pf (1%).. Utility Equitte Vacuum O1f(2). Vie Finan Corp(4 Walker (H) (1). Wayne Pump. 15'% 8 Zonite Products (1). Dividend rates in dollars by nual payment. *Ex dividend. in cash or . 1Plus §% in JPlus 2% in stock. n Plus 8% in stock. o 1% 314 5 5% 2% 6 24 14 12% 12% 124 on Iast quarterly or sem! an- 11 4% In stock. e Adjustment 1 h®jus 1% in . 10% in sVoek. m Plus 3% in p Pald last year—no regular ra Washington Produce Butter—One-pound prints, 29; tub, 28. [Ty 2528 ] 3430 'z 150 Baxet T 20 Beabd Pb 8v 3 25 pf d Ul . . 9 Voriex 1300 Walsreen 100 West P L < Radio.. .. . saies today, 76,000 BONDS. 11000 Insull Util 63 40 3000 Chi Ry cils 58 1w Chi b 53 27 1 th: s 7 Bond sules Locay. $16.000. NEW YORK BANK STOCKS. NEW YORK, May 12 (#)— . Bid. Asked Americe 4 4 Bank of U8 units " Chese i g Mauhat Co Natlooai Gy coples N Bages , ¢ Banca Comm Ital Bankers ..., g Manufaeiurers N Y %filfl. . “Gaited Btator wE e o estchester Title & Tr... Eggs — Hennery, 17a18; current re- | celpts, 16a17. Poultry, alive—Turkeys, hens, 24a25; | toms, -20a22; Spring brollers, 37a40; Leghorns, brollers, 30a35; hens, 21a22; Leghorns, 16a18; roosters, 12a14; ducks, |15; keats, young, 75a80; old, 40. Dressed | —Spring brotlers, 43a4! lms, 38a40; hens, 25; Leghons. 22a23; roosters, 16; keats, young, 70a80; old, 50. | Meats—Beef, 127;a14; veal, 12al , lamb, 20a22; pork loins. 21; fresh hams, 19. fresh shoulders, 14; smoked hams, 20; smoked shoulders, 121 % strip bacon, 23; lard, in packages, 12; in bulk, 11. Live stock—Hcgs, heavy, 6.50a7.25; light and medium, a7.50; pigs, 7.00& 7.50; loughs, 4.0085.50; calves, 5.00a 8.00; Spring lambs, 10a12. Fruits—Cantaloupes, Califopnia, jum- bos, 9.00; fancy, 8.50; standards, 7.50; strawberries, 2.00a4.00: appl baskets, 1.5022.75; box stock, 2 5.00; grepes, Argcniing, pineap , 3.5Ca4.00; oranges, . 3.5004.00; Floiida, 4.00a4.7 lemons, 3.0085.5C; Limes, 100, 3. none; 3.0022.50; g epefrait, 2.75a 3.00; chrirles, 2.0022.75; bananas, 1.00a 2.25. Potatoes, ncw, per barrel, old, 120-pound sacks, 2.60a A Idaho bekers, 100-pound oks, 2.60; syects, 1.7522.00; cabbage, 75 1.25; tomatoes, repacks, 3-pan contain- rs, 3.50a4.00; Mexico, lugs, 5.00a6.00; stiing boans, 1.00a2.00; 75; Nerth Caro'ina. Summer squesh, 2.5013.00: 2.50a1.00; boets, per crat i carists, par crate, 40850: spinach, 49250; 23.90; mushrocms, mosily ishes, per 100 bunches, 2.0022.50: Sering onlons, per 100 bunches, 2.00x fio asparagiis, 1.50a2.25; cucumbers, Coal Output Increases. Production of bituminous ecocal in creased 2.1 per cent during the wes ended May 2, as measured by repor received by the United States Bureau of Mines. Total outpur for comparable riods follow: ek ended May 2. 6.447,000 tons .+ 6,314,000 tons Pravious wesk. Same, week last yer 8,335,000 tons ; Winter chick- | |COTTONSEED OUTPUT }’: ——— cf,m | i CUTIN NINE MONTHS“ e T | prices for grains resulted largely today | | Store on Hand at Mills on Apfll 30 from absence of selling pressure and from continuance of Cenadian drought | Also Reduced From repcrts. «No molsture overnight : Last Year. noted anywhePe in the Canadian prairie i provinces. Montana and the Dakotas | R were also generally without rain. Wheat closed irregular ¢t a shade decline to 7% advance. Corn '4 off to| % up.. Oats, unchanged to '. higher, and provisions, 5 to 7 cents cown. WHEAT— Moy old) May (new. ulv Eepte D CORN— May (old) Mav (new). Tulv | By the Associated Press, Cottonseed crushed during the nine- month period, August 1 to April 30, was | | announced today by the Census Bureau | to have totaled 4,562,859 tons, com- ! |pared with 4,728,681 tons in the same ‘\perlod A year ago, and cottonseced on hand at mills April 30 totaled 95297 tons, compared with 197,303 a year ago. | Cottonseed producis manufactured in | the period and on hand April 90 were: | Ciude ol produced, 1,392,117,980 pounds, comoared with 1477104897, and on hand, 43,048,035 pounds, com- |} paredy with 61,954,318, gk Resned ol produced, 1.239.069.677 pounds, with 1,277.679.916, 20 943 pounds, com- 941, Cloge a3, e mber” " oer 6% Sepleniber December : ed, 2,037,157 aber ccmpared with 2,102,489, pnd on | preember hand. 253,609 tons, "'compared with HWS produced, 1,251.938 tons, com- | pared with 1304119, and on hand, 80, | 173 tons, comnared with 66,457, Linters produced, 795575 bales, o parcd with 975,959, and on hend, 2 NEW YORK, May 12 (®).—Stocks rails dépressed on New York querterly eamings. " Bonds - Keavv: rafls drop sharply. Curb heavy: TO MARKET. | Veeum O railer. Forcign exchanges roee | irreguler; Spanish peseta weak. Cotton | i O b o ¢ weather forecast. Sugar o Ll pot situation. Coffee 5 e5W; sacized, per hun- |10V Wisconsin round. . wiites, | 1.30a1.40; Idaho russets, 55 {160, few 1.65, some low as 180; mew | Corn firm; “smail recelpts snd delayed stock weak, trading slow: sacked Als- |farm work. Cattle irregular. Hogs bama, Louisiana Bliss Triumphs, No. 1, higher. 1880300, No. 2, 1.05a1.10; Texas, 2.00a | .25, { ‘CHICAGO POTA baiter ov: ezsier Brazillan markets. CHiCAGO.—Wheat firm; unfavorable weather and rumors export business. MONEY MARKET. NEW YORK, May 12 (#).—Call { money firm; high, 11; low, 1; ruling close, 113 per cent. s easy: 60 days, lallf; 3-4 hs, 1'4a2; 5 months, 13a2; 6 | months, 13,82%, per cent. > Prime commercial paper, 282%, Bankers' acceptances unchanged. N PAYS 61ST liIVIDElfl). Dircstors of the General Tire & Rub- ber Co. recently declared the sixty-first consecutive dividend on General Tire common stock, the company never hay- | iog failed to pay dividends regularly . | ever since it was organized. D. C, TUESDAY, MAY 12, 1931 |[HEAVY SPRING SUPPLY SENDS FARM PRICES DOWNWARD AGAIN BONDS ON THE CURB MARKET. Sales in thousands. 72 Alabama Pw 4)3s '61 1 Aluminum Co ‘55 ! 8 Aluminum Ltd s o lach Pow 55 '36. 1 10 ATRD T 38 35 10031 37 Asso Elec ind 4125 53 1As G & E 425 48. 49 G 12 55 /50 55 '68 75 . 86 Asso 1 Asso 22255 BxgiRtease 18s8nass « | steady in Maine, lower in Western New 58 £ 65 41 76 8 Comwh Ed 4l.s F '60 102% 2 Comwh Ed 4!25 D '57 104 8Con Gas Balt 3 F |63 108 2 Con Gas Util 63 A '43 69 82 Consum Pow 4155 5810414 72 Cont G & E 55 A '58 87 114 Crane Co 55 '40.... 2 Crucible Steel 5s 40, 6 Gatineau Pow 6s "4l 5 Gatineau Pw 6s B '41 2Gen Bronze 6s '40.. 64% 10 Gen Refractors 5s 33 99 10 Gen Ray 65 A '48 Lid 50 5 Georgin Power 55 671024 156 9820 i57 934 134 103 ap 17 Insull 8 Inter Pw Sec 7s E 7Intern Sec Am 55 1Intersta Power 58 2 Intersta Poyer 6s b Intersta Pb & 4! 10 Inves Co 55 A 1 Iowa-Neb L&P 47 Towa-Nb L& &L 58 7 utilit 6s B 140 85 57 1y < __" kegazzRzaz £2 © o P BB R E S o #EEzz S 2sssesed; 355ee 6 Nat P & L 5 4 Nat 02225 33! Nat St¥eel Co: Nevada Calif 55 38 New Eng GAE 51 1New Enk G&E 55 229 New Eng G&E 358 6 New 3 New New HEmShw SRS aloom 358 Pw 4las ' to Edison 55 ' 000 02227222 335 9 3 g » ) RRR] T 2 Piedm t El 61 Sieel 6: 1Rel Manage 55 18 Roch Cn Pw 58 A 38t L Gas & C 6s ' 238axet Co 65 A '45.. 15 8chulte R E 65 '35 xw 68cripps 5'as '43.... 8 2Shaw W&P 4% A '67 3Shaw W&P 41is B '68 20 Shuw W&P 4125 D '70 i1 SEP 5 511051, 11 South Cal Gas 5s '37 94'¢ 3South N G 6y '44 xp 716 8Southern N G 65 ‘41 76'% 5 96 H a =iz H0RnHnD 22DE000Y Q. 3 H m, 3 3 ‘ean Pub Se was Elec 58 oxas Gas UL 6 s v an : o 30nit P & L S'as SUNI Lt & Ry 5'a8 5Uni Lt i 3s°A 9 55 E '36 103%, 1Wis Pub Ser A 6s 52 106 FOREIGN BONDS, 4 Bosot A Bk 75 47 1 Canen Valley ™ %02 § 2Cent Bk Ger 65 A ‘32 4 Cent Bk Co 65 I 2Chile Mg Bk 65 3Com Pr px 8t c 6s 3 Ger Cons Mun 6s 13 Ger Cons Mun 7s 2 Gesfueral 6s '53 ww 7Hun It B 7i:s AC ‘63 1lI:otta Fras 7s ‘42 ww 9 Ital Sup Pow s 3 2 Mansfield M 1 8 3 Mendoza_Pr 7'is '31. 1 Parana_Brazil 7s ° 3 Ruhr Chem 65 A 10 Rub: G Co 613 A Ruh [} A8 8 :53 58. i 6 Stinnes_ 75 '48 I 15 Terni Soc 6las A '53 82 4 Unit EI Ser 7s '56 xw 803 17 Unit Indust 6'is '41. 87% WW—With warrants. Xw—Without warrants, ow xw, A BALTIMORE STOCKS. Special Dispatch to The Star. BALTIMORE, May 12.— Sales. STOCKS, 23 Arundel Cyrporation 2 Haltimore Trust Co.. 55 Black & Drcier com 25 Consolidated Gas ¢ 20 Consolidated Gas 5 Last sate. 38 Co. 106 U S Fidelity & Guaranty BONDS. 1000 United Rwy & Elec 1st ds 1000 United Rwy & Elec incom At the beginning of an eclipse some years ago the Chinese mandarins gave orders for the drums to be beaten to ut to flight the celestial dragon that Ehey believed was swallowing the sun. + | Eastern city markets were steady to i Many of the price changes in farm! products since the beginning of the month have been mainly the result of the usual heavy Spring supply, accord- ing to the United States Bureau of Agricultural Economics. The liberal re- ceipts found markets depressed by the long decline in commodity prices and the absence of brisk consuming of speculative demand. The more perish- able lines, including meats, butter, veg- etables and poultry products, were dragged slowly downward under such conditions during the third of Ma; Southern vegetables were in heavy sup: ply and suffered sharp declines. Live stock markets shared the general weak- ness, but grain and cotton met devel- opments more favorable to market re- covery and sold a little higher. Potato Markets Irregular. Markets for old potatoes were unset- tled in producing sections, being fairly York and in Colorado, but tending higher in Midwestern shipping districts, where supplies have been light. Chicago carlot market showed price gains, com- pared with earller in the month, and irm. Scarcity of sound Northern crop onions is a feature which accounts for higher prices on fancy yellow stock. Southern onions tended slightly down- ward in producing sections, but re- mained fairly steady in Northern city markets. Among other Southern veg- etables, prices also are developing on asparagus, cabbage, lettuce, tomatoes and early potatoes. Prices of celery held firm nearly everywhere in early May. spective increase of planting in the Northern cabbage-producing region. Apple prices were slightly weaker in New York and in the Northwest. Straw- berries declined sharply. Egg Market Weak. The lower price trend of eggs during the first 10 days of May brought about a slightly higher demand for storage packed eggs toward the middle of the month, although the large numbers of | eggs already accumulated is causing operators to follow a cautious policy in regards to storage commitments. Re- cepits of fresh stock failed to show | much decrease as yet, and consumer demand is only moderately active. Increasing receipts of fresh broilers and indications pointing to still more liberal supply from nearby Eastern areas caused broiler prices to weaken materially in early May, with declines of from 2 to 3 cents per pound in several of the most important markets. Fowls were in light supply, which in- cluded much poor stock, resulting in irregular prices. Butter Declines Further. Declines on butter in Eastern mar- | kets during the first 10 days of May | amounted to about 1 cent a pound.| Trade sentiment still continued un- settled. Operators are cautious in re- gard to storage operations this season. owing to severe losses during the past By the Assoc! 50 Industrials. Today. .. 1 Previous da Three years ago. 202.4 112.9 252.8 141.3 844 836 86.3 S 94.0 Two years ago. Three years £go. (Copyright. 1931 A feature cabbage market is the pro- | 10 Industrials, . 844 FIN ANCIAL two years. On the other hand, it is generally: believed that the consumer demand has been helped as a result of the lower price level this Spring. Pro- duction continues to increase as usual at this time of year. The weaker senti- ment which prevails in the country cheese markets during the first part of May was reflected in an easier tone on fresh cheese in city markets, but did not much affect the position of held and cured cheese. Declines in produc- ing sections amounged to about 1 cent per pound. Canada and foreign mar- kets tended lower also in early May. Feed Grains Higher. Prices of feed grains made moderate advances during the first 10 days of May. Wheat markets held generally firm and rye markets showed & strong tone because of reduced supplies. Prices of wheat mill feeds were irregu- larly lower for the first 10 days of May. Cottonseed meal ranged from slightly higher to somewhat lower at various markets, but linseed showed consider- able declines at some points. Corn feeds were unusually weak. Gluten feed declined $3 per ton, while hominy feed dropped $1.50 in response to slow de- mand from feeders, especially at the Eastern markets. Conditions of pasture and mowings have been improved by recent rains, but are probably still below last year and probably considerably below those of the past 10 years, especially in parts of the country not fully recovered from the drought injury of last season. Cattle Receipts Increase. An increase in receipts of market cat- {tle at Chicago finally brought lower prices during the first week of May. At one time prices were close to the lowest of the season. The break included all| gradgs of heavy cattle, and dealers were expecting depressed conditions to con- | tinue until there was a let-up in the supply and in the accumulation of stocks of dressed beef. Prices of hogs tended slightly lower |at Chicago, but the net decline was slight and the receipts of hogs were in_moderate volume. Price of sheep dnd lambs advanced to new points in early May, reaching top of $10.25, then declined sharply, leaving the price level not far from that prevailing early in the month. ‘The bulk of wooled lambs were selling from $9 to $9.25; native Spring lambs brought $11 to $11.50. An encouraging feature of the Bos- ton wool market during the first week of May was the renewed interest shown in raw wool by manufacturers. Prices were generally unchanged, but the im- provement in buyers’ attitudes tended to break up the recent tone of depres- sion in market sentiments. Most of the business was in new Western- grown wools. RUBBER MARKET. NEW YORK, May 12 (Special).— Crude rubber, smoked ribbed sheets, was 14 higher at today's noon quotation of 6!, cents. This compares with 6% a montn ago and 14's a year ago. STOCK AND BOND AVERAGES iated Press. TUESDAY, MAY 12. STOCKS. BONDS, i0 Utilities. 100.9 100.8 100.7 100.8 99.6 andard Statistics Co.) Special Dispatch to The Btar. BALTIMORE, Md., May 13.—Po- tatoes, white, 100 pounds, 1.35a1.85; new potatoes, barrel, 3.25a5.00; sweet potatoes; barrel, 2.00a4.50; yams, barrel, 3.50a4.50; beans, bushel, 1.50a2.75; as- paragus, per dozen. 1.00a3.00; beets, crate, 1.25a2.50; cabbage, bushel, 1. 1.15; carrots, bushel, 60a75; caulifiower, crate, 2.25a2.50; elery, 1.50m 3.50; eggplants, crate, 2.0085.00: kale, bushel, 25a50; lettuce, hamper, 50a1.5¢ lima beans, 5.0086.00; crate, 1.50a4.50; Spring onions, per 100, 75a 1.25; spinach, bushel, 25a50; tomatoes, crate, 1.00a5.00; apples, bushel, 75& 250; per box, 1.75a2.50; grapefruit, box, 1.50a3.00; oranges, box, 2.50a4.25; strawberries, quart, 12!2820. Dairy Market, Poultry, alive—Chickens, . 258 38; old her 21a24; Leghorns, 17al roosters, 14a15; ducks, 15a26; Guinea fowl, each, 50a75c; pigeons, pair, 30a35. Eggs—Receipts, 1,984 cases. Nearby | firsts, dozen, 17; current receipts, 16%s. | Butter—Good to fancy creamery, pound, 24a26; ladles, 20a21; rolls, 18a 18; process, 22a23; store packed, 14al5. Hay and Grain. ‘Wheat—No. 2 red Winter, export, 83; No. 2 red Winter, garlicky, spot, 83: M 83. Corn- 0. 2 domestic, yellow, 73a74; cob, 3.75a4.00. Oats—White, No. 2, 38a39; No. 3, 37a38. Rye—Nearby, 55a60. Hay—Receipts, 21 tons. While re- ceipts of hay are ample for all require- ments, there is no surplus of hea 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 $2¢ to $26 per ton. Straw—Whe: 12.00a13.00. Oat 12.00a13.00. Live Stock Market. Cattle—Receipts, 50 head; light sup- ply: market steady. | Steers—Cholice to prime. none; good | to choice, 8.00a8.50; medium to good, | 7.00a7.75;" fair to medium, 6.25a7.00; | plain to fair, 5.50a6.00; common to plain, 5.00a5.50. Bulls—Good to prime, none: good to choice, none; medium to good, 5.00a 5.50; fair to medium, 4.50a5.00; plain to fair, 4.00a4.50; common to plain, 3.5024.00. - Cows—Cholce to prime, none; good to choice, none; medium to , 5.00a 5.50; fair to medium, 4.00a5.00; plain to fair, 3.00a4.00; common to plain, 2.00a3.00. Heifers—Cholce to prime, none; good to choice, none; medium to good, 6.75a 17.25; fair to medium, 6.0026.75; plain to éa;r, 5.50a6.00; common to plain, 4.50a .25. straw, No. 1, per ton, aw, No. 1, per ton, Fresh cows and Springers, 30a70. Sheep and lambs—Receipts, 200 H light supply; market steady; sheep, 1.50 24.00; Spring lambs, 8.00a12.25. Hogs—Receipts, 700 head; light sup- 3 market steady: lights, 7.80a8.05; 7.00a7.75; medium, 7.80a8.0! Pl heavies, /8088, light pigs, 7.50a7.85; roughs, 5.0026.2 pigs, 7.80a8.05. Calves—Receipts, 50 head; light sup- ply; market steady; calves, 4.00a9.00. N;:w York Cotton NEW YORK, May 12 (A).—An early | decline in response to relatively easy Liverpool cables, prospects for improv- | ing weather in the South and a lower opening of the stock market was fcl- lowed by & quiet and fairly steady mar- ket for cotton today. After selling off from 9.99 to 9.92, July contracts were | ruling around 9.95 during the middle of the afternoon, with the more active itions showing net declines of about July | Setober ember May Put Off Fox Meeting. NEW YORK, May 12 (#).—It was re- | ported in Wall Street today that the annual meeting of the Fox Film Corpo- | ration m2y be again postponed. | The meeting has been twice delayed, the latest date set being May 15. It was understocd todey that the meet- ing may be deferred until sometime in June, although official information was | lacking. Germiston, Transvaal, is to have a large steel works. * THE CENTRAL PUBLIC SERVICE For many of its old-establis! companies, the Central costs, in materials, in finan joining the Central Pub years. companie: for the precedi year, although the avera in 1930. All this in the fa of the current economic d; phases of the extremely sati of Central Public Service panies, Notable instances are: System has, through efficient management, effected important savings in engineering ing methods, and in operations generally. It is not surprising, therefore, that since Service family, a considerable number of these companies have materially exceeded their successful progress of former Total 1930 electric revenue for the companies in the sys- tem has shown an increase over the revenue of the same cost to the consumer was reduced. Purchases of gas by consumers also were larger In fact, the benefits of effective group management have been reflected in many * hed public utility Public Service of gas and elec cing, in account- lic fl e A= Central Public Service Corporation Q Jnvested capival mere than £727,000,000.00 q 65,000 stockhoiders, dir tributed as followes Fastern U. 8. North Cents Western U. Sewthern U U, 8. Pessessions 26 Foreign 406 G 28% of sackholders are cusm tomer-owwners 15,924 /8. 24,160 17,005 749 ng ge ot ut ce for a 32-page bo sents tersely the epression. sfactory rogress op.rating com- < the improvement to: SYSTEM /las brought the benefits of modern oup management to some g the oldest ' 4 public utility successes # America tric seruice to consumers, in many cases at lower rates; the addition of new customers and the increase in revenues. Extending into 24 states, 2 Canadian Provinces, 2 dependencies of the United States and 3 foreign countries, the Central PublicService Sy unit fortified against sectional stem formsawell-integrated uctuations in prosperity. Steadily it has expanded, centering its member com- panies in areas where e iter- priseand population gavesolid evidence of growth. Today the Central Public Service Corporation has over $323,000,000 in in- vested capital, more than 65,000 revenue commensurate with stockholders, and her major units of the public ility industry. You are invited to write ok just off the press. It pre- facts, illustrated with some interesting charts and statistics, about the Central Public Service System. Send for it Central Public Service Corporation, 224 South Michigan Avenue, Chicago. CENTRAL PUBLIC SERVICE CORPORATION General Offices: * CHICAGO