Evening Star Newspaper, May 14, 1931, Page 14

TAE EVENING: STAR, WASHINGTON, D. C, THURSDAY, MAY 14, 1931 BONDS IREGULA: | oo BONDS s TRADING MODERATE UNITED STATES. (Sales are In $1.000.) Aales. High. General Domestic List Ranges §omewhat Lower. Best Issues Gain. FINANCIAL, BAKER PUBLISHED - STORY PRVATELY Dean of American Finance Barred Biography From Public Distribution. FINANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. A—I§ TE® BROKERS FORECAST FURTHER DECLINES Market Letters Point Out That Constructive Leader- 1 ship Is Lacking. Sales. High. MBTistpfsaa.. 111 Cent ref 4 11l Cent 4% 8 111 Cent 6358 111 CCSIL&N 63 | Inland St1 433 A' Inland Stl 4s3; B'$1 Int Rap Tr 68 Prev. Low. Close. Close. 19 19 204 115% 115% 115% 95 95 96% 314 31% K3 1 9% 17% 61y 19 41% 4 10% 36 21 % 5% Sales— Low. Close. I 3%4832-47.. 84 10219 10213 10219 List4%s32-47. 2 10314 103 9 103 14 8 39 104 26 104 20 104 26 9 10230 102 29 102 29 17 10230 102 27 102 27 11 102 30 102 30 102 30 27 109 10830 109 26 11316 11311 11311 ~Prev. 1831~ Stock and High. Low. Dividend Rate. Add 00, High. 26 18% Studebaker (1.20)... 9 1913 118% 112 Studebaker Cp pf (7) 10s 115% 10435 96 Sun Ofl pf (6) 1208 95% 40% 30 Superheater ( 2 3% 1% % Superior Oil. % 187 64 Superior Stee! o 17 Telautograph (1.40). 3 6 Tennessee Corp(50c) 3 19% Texas Corp (3).....: 141 Tex Gulf Sulph (4).. 55 Texas P C & Oil. 5 Texas Pac Land Tr.. 17 Thatcher pf (3.60)... 1 The Fair (2.40) Tkird Avenue Thompson Sta g Tide Water As (60c) . Tide Wat As pf (6).. % Timken Det Ax (80c) Timken Roller (3 Tobacco Products. .. Tobacco Prod A t95¢ 4 Transamerica (1)... 13 Tri-Cont COrp....... Tri-Cont Corp pf (6) 4 Trico Products(2%4). Twin City R Tr (§4). Twin Citv R T of (7) 48 Und Tsh. 47% Union Carb & ¢ Un Pacific (10) Un Paclfic pt (4) Un TankCar (1.60) Unit Alrcraft. . Unit Afreraft pf (2). Unit Clgar Stores. ... Unit Cig Strs pf (6). Unit Corp (75¢). Cnit Corp vf (3).... Unit Dyewood . (Continued From Page 13.) Sales— Add 5 Prev. 00. Hign. Low. Close. Close. 10 38% 3 88 394 10s 106% 106% 106% 3 80% 30% 31 ~Prev. 1931~ Stock and High. Low. Dividend Rate. 58% 37'% Otix Elevator (2% 110 106 Outlet Co pf (7) 39% 28% Owens 11l Glas: 544 Pacifc Gas & K1 12). 131% Pacific T & T pf (6 un Packard Motor (40c) 3614 Pan-Am Petrol B 50t 4 Paramount-Pub 2% . 2% Park Utah. 2% Fathe Excharge 6% Pathe Exchange A Penick & Ford (1) 39% 4 Penney (J C) (2.40). Penney (JC) pf A (6) Penn RR (4) Peoples D S p Peop Gas Ch (8). . Pere Marquette (6). Pere Marg pf (5). . ..1608 Petrolm Cp of Am(1) 10 Phila Co of new (6).. 1 Phila Co6% pf (3).. 4 rhil Read C&I..... 16 Philip Mor & Co (1).. 2 Pierce Ofl. .. SN Phillips-Jones pf (7)1008 Phillips Petroleum. . Pierce-Arrow A (1).. Pierce Petroleum. .. Pitts United Corp % Pittston Co (1%). Pittsburgh Coal pf. . Port R Am Tob A 3 4 PR Am Tob B i Prairie Oil & G: ) Prairie Plpe L (3)... 4 Pressed Steel Car.... Proct & Gamb (2.40) 31% 3 2 9 1 9y 9% 1 10% 30 18 67 19% 4T 4T 4% 130% ™% 291 29% 1% 1% 4% 355 36 s High. Low. Close. 50 50% 100% 100% 4% 4% 2% 2% 73 103% 101% Int & Gr Nor 63 "52. Int & G N ad Int Hydro E1 Int M Co 5s ¢ Int Match 6847 Sal Abitibl P& P 6353 3! Ab& St 53843 Allegheny 68 '44. Allegheny bs 49 Alleg Corp 55 '50. .. Am AgCh7%s 41, Am Chain 6s'33.. 15 E BY ROGER BATCHELDER. | NEW YORK, May 14 (NANA)—A dramatic insight into the psychology of the late George F. Baker, known as the “dean of American finance,” has come to light with the discovery that the great banker, who abhorred publicity, had a blography of his life published privately, and after six copies were , | turned over to him at a cost of about $25,000 a volume, had ordered the plates ' | destroyed or hidden away. The six books, according to trust- worthy sources, were given to mem-. bers of the Baker family, with instruc- tions that the work, written by Albert Bigelow Paine, the noted biographer, sm::lxlld never be permitted to reach the « | public. Y In keeping with this understanding, George F. Baker, jr.. who yesterday in- herited the bulk of his father’s estate ;, | When the will was probated, declined the 1 | request that the book be reprinted for general distribution. BY F. H. RICHARDSON. Specisl Dispatch to The Star. NEW YORK, May 14—Bonds were irregular in moderately active trading today. The general domestic list ranged somewhat lower owing to the depressive influence of the stock market and the failure of the secondary group to hold its recent gains. Junior carrier issues were all fractionally off, but trading was extremely light here, the declines running out of proportion to the volume. St. Louis-San Francisco issues were I off fractionally in the case of the A 4s and the 41s, and over a point in the case of the B 5s. It was reported in Wall street that the road’s new financ- ing, to take care of the general 5s and 6s, due July 1, would be in the form of $10,000,000 of five-year 6 per cent notes, which will be marketed on about @ 7.10 per cent yield basis. At the same time it was said that the financing Wwould be under new sponsorship. 3Speyer & Co. were bankers for the road’s last financing. Byihe Associated Press. NEW YORK, May 14.—Many of the brokerage house market letters today hold that the action of the rails fore- casts lower prices all around in the stock market. Constructive leadership, it 1s pointed out, is lacking, although there have been signs of pool operations. Comments include: E. F. Hutton & Co-~-We think that fluctuations of the market are flatten- ing sufficiently to suggest that a more positive clue as to the next direction of prices is not far . 35% 36 97% 50 9914 228% 4%s°53. . 1at T&T cv 4%s ‘39 20 Int T & T bs'55. Italy 78 '51.. [taly Pub Sv 78 '52. Japanese 5%s '65. .. Japanese 6%s ‘54. . Jugosl Bank 78°57, KCP&L4%SST.. Kan CFtS&M4s 36 Kan City Sou 58'50 Kan City Ter 4s '60. RanG & B 4%s 80, Karstadt 68°43.... Kresge Found 6s 36 Kreug & Toll 58 '59 Lac G St L §s Laclede 535 C *53.. 4 Laclede 5%s D 60. Lake Shore 3%s '97 Lautaro Nit 68 54.. Leh Val cv 48 2003, LehV cv 4%s 2003 Lig & Myers 7s ‘44 20 . 1 1 0 5 8 1 8 3 1 7 s 2 1 18 2 18 8 . 82 Am T&T 5865 Am T&Tctrb Am T&T b s £ '60 Am T&T 5148 AmWat Wk 65 75 Argentine 5s ‘45 Argentine 51 Argentine May ‘61 Argentine 6s Ju 59, Argentine 6s Oc ‘59 Argentine 6s A ‘57, Argentine 6s B '58 Arm & Co 4%s ‘39 Arm Del 5155 °43. Assoc Ofl 6535 . Atchis 45 1905-55 10s y. 44 Shields & Co.—Trading is almost en- tirely professional, and professionals go the easiest way. With recently active bears apparently lifting pressure, the market is in a position to be forced up at any time, but all such false moves face unexpected interruption. Jackson Bros., Boesel & Co.—We an- ticipate a drifting downward move on small volume rather than a drastic 1 18 break on big volume. We fail to see how heavy marginal selling can be in- diced with brokers' loans already de- flated to an abnormally low level. Redmond & Co.—Technical condi- tions may justify a rally in the last half of the month, but will still believe that sufficient bad news lies ahead to| suggest the possibility of the market breaking to new low ground, although ! such action may be delayed until next month. Real constructive leadership, as differentiated from pool sponsor- ship, is still lacking, so far as we are able to determine, and until it makes its appearance, we doubt that any Inkrlnnd sustained advance in prices ely. ‘Babcock, Rushton & Co.—There are many individuals who believe that the authoritative position of the rails has been changed within the past two or three years. We are inclined to await further developments before coming to any such conclusion. Otis & Co.—Our position on the pros- cts for the market over the near ture is based entirely on the action of the rail stocks. For more than & year weakness in this group has been a successful forecaster of approaching general weakness. The rest of the market would have to provide excep- tionally reassuring behavior to make us overlook the action of the rails. BUYS CURB SEAT. NEW YORK, May 14 (#).—Samuel Proc & Gamb pf (5). 30s Pub Sv N J (3.40). Pure O1l pf (8) Purity Bakerie: Liadio Corp Radio-Kelth-Orph A. Raybestos Man 2.60 Reading Ry (4 Reading 2d pf (2).. Real Silk Hos(b10%) Remington-Rand. ... Reo Motor Car (40¢). Republic Steel. . Republic Steel pf. Reynolds Metals (2). % Richfield Ol Rio Grande Rit Dent M1g (2% Rossia Insur (2.20. Roy Dtch (m1.3404) .. Rutland pf. 38% Safeway Stores (5). St Joseph Lead (1).. St Louis & San Fran. St L-San Fran pf (6) St L Southwestern. . Savage Arms (2). Seab Alr Line pf. ... Sears Roebuck 32% . Servel Inc... Sharb & Dobm 4 Shattuck F G (11%) Shell Union O1l. ... Shell Un O1l pf (5%) Unit Electric i Unit Fruit (4 U S Freight. . U S Steel (7). U S Steel pf ( Univ Leaf To 9 22 41% Vulean Det (4 11 Wabash RR.. Th 3% 3% Tl 274 20% 95 103 114 4% 10% Va-Car Chem Warner Quinl; Warner Bros Warren Bros West Pa Pow Western Md. Western Unlo; Univ Leaf T pf (8) Utl] P&L A (e12.15). % Vadasco Sales Corp. Va Iron Coal & Coke. Wess Of] & Snow (2) West Pa El pf (6).. West Pa El pf (7). Western Dairy B Coal. 2. U S Gypsum (1. S Rubver 1st pf... U S Smelt & Ref (1). 7). Unit Stores pf (4). b (3)... 208 44 37% Vamadium Corp'n. 6% pf. 50s 9 1 1 1 an. 1 Pict. 3 3).. 9 3 . 50s 508 pf (7). 108 3 10915 145% 4 | notably ~ tha Missouri-Pacific issues, Erie 4s and 5s, St. Paul 5s and the obligaticns of a long list of roads, whose earnings have dwindled close to or beneath fixed charges, were affected by the sell- ing. St. Louis-Southwestern Consoli- dated 4s were up a point, but at levels that reflected some doubt as to plans to refund the issue at its maturity date next year. High-grade issues went to new highs, American Telephone 5 per cent debentures of 1965, which were offered last year. They sold today at close to a 10-point premium, or around a 4.40 per cent yield basis. At such Jevels these unsecured debenture bonds are selling in the same invest- ment class as the great railroad mortgages—Atchison General 4s, Nor- folk & Western 4s and Chicago, Buf- lington & Quincy General 4s. These last also were stronger today. United States Government bonds were firm at their best prices in years. Municipals worked a shade higher in the continued absence of new issues of an acceptable nature. Ashville and Buncombe County, N. C. which re- cently defaulted their bonds, will meet a bondholders’ committee Monday to discuss refunding their debts. The city and county have about $35,000,000 in bonds outstanding. The chief con- tributing factor to the default was the loss of $8,000,000 in city and county funds in bank failures. Oil company obligations were still inclined to weakness. Phillips Petroleum 51s were firm after their late recovery Wednesday, reflecting the announce- ment that interest and sinking fund Atchison een 4s : Atchiscv 414841, Atch Ariz 4%s 62. At & Danv 2d 4s 48 AtCL4%s'64. At Gulf 555! At Ref deb 5s Australia 4% Australia bs '65. Australia 53 ‘57. Austria is'43..... 1 Austria 7s ‘57 ctfs, 10 ) conv 434 60 135 ) 1t b3 ‘48 Batav Pet 4145 ‘42 Belgium 63 ‘55 Belgium 6% ‘49 Belgium 78 '55. . 56 y Beth Steel eth St rf 58 '4 Bolivia 7’58, Bos & Me 65 '55. Bos & Me bs ‘67, Brazil 6% ‘26, Brazil 6%s ‘27 91 1 R 3 w's 65 ex war.. Long Isl db 5s'31.. Lorillard 6s61.... Lorfllard 5%s '37.. 2 Lorillard 7s"44. Lou G & El 53 ‘52 L & N unt 43 *40 L&N 4%s2003. L &N 53 B 2003 La & Ark 5869 MeCormack 63 '3 dcKes & R 58 50 Man S 1st 73542 . Manh Ry 1st 48 ‘90 Mex 4s asstd 1904. . Mexico 58 A "45.... Midvale Sti 6s Mo Pac ref 65'81.. 120 Mo Pac 6%scv 49, 3! Mont Pow 63 43 2 Mont Tr 1st 6s *41 Montevideo 6. Montevideo 7; Mor & Co 1st 4% Nassau Elec 4s ‘51 Regarded as Own Business. It was in 1919 that Mr. Paine, who at_about that time had concluded an exhaustive study of Mark Twain and had published ~the noted American writer’s blography and letters, was sum- moned before Mr. Baker. Few knew what took place curing the eventful in- terview, Briefly, Mr. Baker did not wish to have the story of his career written for the masses, for, like the late J. Plerpont Morgan, he felt that his personal strug- gles to reach the lofty position among meu w:lg'a hlnnker.qh.were his own busi- 3 chat, perhaps, of h: dlzhwu. perhaps, of his son and cording to the best informati Mr. Paine was to receive $25,000 for g!‘l‘, chronicle, but Mr. Baker was so pleased with the results that the biographer was given an additional $100,000. The book was blished by G. P. Putnam’s Sons when George Paimer :i'mm. &no;“ ‘:'be "‘“”:{';}l"' Brewer, arren was i {,“m' = 2 member : , Wwhen questioned about the '“"‘"““{{,,"’ the report that he had written book, admitted the fact immedjately. Though he declined to comment on” the amount him r& his writing, or to discuss d taken most of his Baker home in Tuxedo Park, the ex- clusive soclal colony of New Yorkers, Declines to Talk. George Palmer Putnam, asked today Westing A B (2). Westing EI&Mfg Westing E&M pf (4). 10s Wheel & L Erie pf... 108 Wilcox Oil & Gas. ... Wilcox Rich A (2%). 4 Willys-Over pt (7) Wilson & Co. % Wilson & Co A. Woolworth (2.40). % Worthington Pump. . Wrigley (Wm) (4) 1i% Wright Aeronaut. .. 23 Yale & Towne (2). 8% Yellow Truck. . . 18% Voungs Spring (3).. 2% Zenith Radio 3 Zonite Prod 13% Sales of Stocks on New York Exchange. 10:30 A.M. 200,000 “ 1:30 P.M. 900,000 1.100.000 | Dividend rates as given in the above t. | ¢ash payments based o the latest auarierly or Aalt yearn’ dannral | tions, | sUnit of trading less than 100 47,0 sockc iPavable To” sciip. TRty AT exny, 1R a e 1n_stock. d Payable when earned. . T Plus 8% in stock. ¢ Plus 6% in stock. us 50c in special preferred stock. k Plus year—no resular rate. n Plus 8% in stock, to give the detalls, said tha ;rheunz&nemuen.uignm o TS , published i firm, but (Mtnnulthzhz::l a vate affair it would be payments due June 1 were on hand and | that sufficient funds remained to care for the December 1 service as well. Texas Corporation 5s were weak again with the common stock. In the foreign list the feature was a recovery of 2 to 5 points in Argentine bonds. Octavo S. Pico, minister of the interior, declared the government would reach the year end without a deficit after taking care of all debt service. This brought out some short covering which revealed a substantial short in- terest in Argentine bonds. A few other South Americans were better in sym- pathy, but in general the foreign list was quiet and unchanged. New bond offerings amounted to about $2,500,000. (Copyright, 1 ‘Ungerleider of the New York Stock Ex- 7 change firm of Samuel Ungerleider & Co. has purchased the New York Curb Exchange membership of Alfred F. In- gold, an independent trader. Samuel Ungerleider & Co. formerly was an associate member of the Curb Exchange. Shubert Theat Nat Dairy 6%s'48.. 5 Simmons Co. 12 Netherlands N Eng T 1s 2 N&T&MS5sB 54 biogra- former strictly 2 trol 's Sinciair Con Ofl (1)., unethical Sinclair Oil pf (8) 4'% Skelly Oll...... .o 9% South Port Rico Sug. South Cal Ed (2) 2 South Pacifie (8). % South Ry (8).. South Ry pf (5)..... South Ry M&O ct (4) Spalding 1st pf (7).. 108 Spicer Mfg......... 2 Spicer Mfg pf (3)... Stand Brands (1.20), Stand Brands pf (7). I INVESTMENT TRUSTS NEW YORK, May 14 (#).—Over- the-counter market— Bid. Asked. A B C Tr Shrs series D 5! A B C Tr Shrs series E . All Am Investors Shrs A. Am’& cont corp. 7414 15 237% 915 19% Calif Packing 58’ 40 Canada 43’60 K 30 15% 4 C&StL 434878, 82 C&StL5%sA. 9 CastL Edison 58 B 44 17 Ed 15t 63%s "41. NY ELH&P 45 *49 NY ELH&P 684 NYNH&H db 48 °57. 19 Y NH&H 434 NY NH&H elt NY 0&W gn - B 222242222222 z < 1931) SRS . 6y Stand Invest Corp Can Nat ‘.. Oct 6. Stand O11 Cal (h23%). Stand OII N J (12)... Stand Oll N Y (1.60). Btarrett (LS) (12%) Sterling Sec A. . Sterl Sec pf (1.20) Sterl Sec cv pf (3) 35% Stone & Webster (3). CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS 700.000 Washington Stock Exchange SALES. Capital Tracticn Co.—30 at 3414, 20 at 3414, 2 at 34%5. 5%2% pfd—13 at Potomac _ Electric 10974, 5 at 109%4. w;sr’lmmn Rwy. & Eleciric ptd.—5 at Bad! T 6%s db ‘46 Can Nor 7s deb ‘40 Can Pac deb 48 Can Pac ¢%48 . Can Pac bs ctfs ‘¢4.. Can Pac 68 '64..... Car Clin & O 55 '38 Cent Pac 4s'49 Cent Pac 5860 Cert-td deb 53 Ches Corp 5s ‘47 C&Ogen 4%s'92 C&O4%sB'Y CB&Quend C B&Q 15t 11 b Butter—One-pound prints, 29; tub, 28. Eggs — Hennery, 17a18; current re- Ry aive ek b i == eys, 24a25; toms, 20a22; Spring broflers, :'luo 2 3% 3 5 $Lock 3T% 36% 36% 3T% 3% in stock. m Pald this against $29,732; four months, $122,681, against $113,975. Cerro de Pasco Copper—Conditions in next two months to govern dividend policy. De Forest Crosley Radio, Ltd., common share earnings, year ended March 31, $401; earned $1,61 in 15 months to March 31, 1930. i Eastman Kodak Co. usual 75 cents ex- tra and $1.25 quarterly dividend on . { common stock. By the Associated Press. | nomy Gr Stores buys 21 NEW YORK, May 14.—The following | zreamery stores in Boston area; expected is a summary of important corporation gn‘ldfim‘fsoebw&:qmes annually; brings news prepared by the 5“;‘}’": Stalls- | “nternational Nickel Co. of Canada, tics Co., Inc, New York, for the Asso- Itd, March quarter common share clated Press. earnings, 8 cents, against 30 cents; op- erations around 50 per cent of capacity; copper and nickel sales about equal to output; gross sales under year ago. Kresge (8. S.) Co—Sales reported increased in past two weeks; setting up quarterly reserves out of each quarter’s | earnings for commodity price changes | 5,209,261 April 20, 1930. Spindles active | during April numbered 26,645,404 vi 126,489,832 in March, and 28,851,122 ‘n April 1930. Exports in April fell to 391,871 running bales from 605,461, March, vs. 349,762, April 1930, and ex- ports in nine months fell to 5,905,654 ! from 6,120,526 running bales. | horns, 70a80; old, 50. - AFTER CALL. Meats—Beef, 12:a14; veal, 12al4; Washington Rwy. & Elsctric pfd.—19 at 20822; pork Joins, 21; fresh hams, 98%, 10 at 98%, 15 at 98%, 10 at 4, 30 at 98%. National - Metropolitan Baak—10 at T Capital Traction 5s—$1,000 at 8215, $1,000 at 827;. ‘Washington Gas 6s “A"— Washington Gas 6s 10615, Capital Traction 55—$1,000 at 82%;. Notice—Beginning May 16, this:ex- change will be closed Saturdays until October 3. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tel. 4%s '39.. L Chi Grt West 45 59 Chi M & St P 4589, Chi M&SIP 4%sC.. Chi M&StP 438 . Chi M StI'&P 53 '75. Chi M & St P adJ § Chi&NW g 3388 Chi & NW gn 45°87. C&Nwn 4%35 ¢ 2037 Markets at a Glance Nor Pac 4%s 2047.. Nor Pac 5s D 2047.. Nor Puo r16s 2047, 82804 w! Crum & Woster Inc 8% pf Depostied Bank s N ¥ Deposited Bank Shrs N Y A Diversified Trustee Shrs Diversified Trustee Equities Investors Equities_Investors Equity Trust_Shrs First Amer_Corp .. Five Year Pixed Tr Bhrs Fixed Trust Shares A Fixed Trust Shares B. . Pundamental Tr Shrs A Fundsmental Tr Shrs B... Eauity A : 4.00; strawl 1 ples, 3.5024.00; 82.75; bushel NEW YORK, May 14 (&) —Stocks weak; United States Steel and rails con- | tinue decline. Bonds irregular; indus- trials advance. Curb heavy; leaders sag | in dull trading. Forelgn exchanges ir- regular; sterling easy; French franc firm. Cotton lower; favorable weather and local selling. Sugar lower; trade selling. Coffee higher; steady Brazilian markets, ; , 2.50a2.75; ; Florida, 4. X -5, Nblnlnu, molls,o: pears, cherries, 2.25a3.50. ‘Vegetables—Potatoes, new, per 5.50a6.00; old, 120-pound X Idaho bakers, News Trend. The shares of the F. W. Woclworth Co., which have been behaving on the market in an encouraging fashion when compared with the general list, made further gains when it was announced that the Woslworth directors had ap- | Chi RI&P gn 4s Chi RI& P rf 4’34 ChiRIev 4%s " Chi RI&Fac 4%4s’ C TH&SE in 5 "60.. ChiT H Inc 6s°60.. Ore Short L 5s gtd... Ogden&L Ch 4s°48. Oreg-\ash 45 '61.. 141 Orient dev 53s ‘58, 20 CHICAGO, May 14 (#)—Wheat easy; BescBEusatEassl proved a plan for changing the capital structure of F. W. Woolworth & Co., Ltd., of England. The plan would make | the English company, owned, a public ccrporation, and would hitherto privately Shell Transport & Trading, Ltd., 7> |per cent final common dividend fo. 1930, against 15 per cent final dividend Standard Oil (N. J.) quoting bulk | gasoline in New York Harbor at 53; forecast showers Canada and bearish crop estimates. Corn weak; bearish Towa reports and lower cash markets. Cattle irregular. Hogs steady to lower. C& W (nd cv 48 '52. Chile 63 Chile 63’61 Chile 6563 Chils Orient dev 6s 53 PacG & Kk Pac T&T 1st 58373 Pac T&T ref bs '52.. Pan-Am Pet Paramount 6s ‘47. . call for a stock dividend by the latter. Sales of aircraft of all kinds and air- — cents a gallon. Woolsorth (P, W.)—Plans rnmta!‘ (:EIOCERY PRICES DECLINE. i first quarter | changeé for English company, which | ‘W YORK, May 14 (#).—Wholesale foe” 830355 i ime beriod of | would become public corporation: stock | grocery prices declined another half per 1930 to a total of $9,018,914. This small | dividend to parent concern contem- | cent last mcnth to the lowest figure in increase in sales, amounting to 0.4 |plated. 10 years, according to the index of per cent, favorabie In itself, becomes | American Encaustic Tiling acquires | prices issued by the National Wholesale Thore tmportant in view of a decline | important assets of Carlyle-Labold Co.| Grocers' Association. The index for of 10.4 per cent in first quarter produc- | through exchange 18,000 for 3000 | April is 80.6, against 81 in March. The | ¥, tion. The reduction in stocks thus in- | Carlyle-Labold shares; assumes liabili- | decline, believed to be purely seasonal, | Wi dicated will be a needed assistance to | ties. | carries the April index 17.8 per cent be- the industry. American Locomotive—25 cents com- | low the figure for the corresponding . mon dividend; paid 50 cents two previ- | month last year. The Companies. ous quarters and $1 prior thereto | e h JEA erican Brown Boveri Electric—Ne- | Burmah Ofl Co., Ltd.—12% per cent | gotlations " reported practically com- | Anal common _dividend declared for | SHORT-TERM SECURITIES. Pleted for sale of electrical manufac- | 1930, making 22% per cent for 1030, (Reported by J. & W. Seligman & Co.) turing business to Allis-Chalmers Mfg.; | against 30 per cent for 1929. e e e American Tel. & Tel. 5}as 1943 American Thread 5'.s 1938.... 42 Chile Cop db 58 47, CCC&St L4%SE. . CCC & St L 53 D63 Clev Term 4% Clev Term 63 *73 Colomb 6s Jan Colomba 6: Colon O11 6538, .. Colo & Sou 4% Colo & Sou 435 '80. Paris-Ly M 6s‘58.. Paris-Ly M 7u'58.. Penn 4s '48 Sta R f , series B. Wash. Rwy. & Elec. 4s......... MISCELLANEOUS, Barber & Ross. Inc. A Chevy Chase Ciub 3i%s.. . Columbia Country Club 5%s... D, C. Faper Mg 65 ash. Mkt. Cold Storage ash. Cons. Titie 6s............ STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. Beo! gsa | curti Curtis Sec Corp PI.. Leaders of Industry A.. - Leaders of Industry Leaders of Industry C. Low Priced 8hrs .... _ Solvay Am s '42... 1097 | Sou Bel T&T 6s *41 SW Bell T b5 A "54. - Zaanadiog ut utual Manage M i Nation Wi T National" Traust ‘&nrs Tr_Bhrs . 69 1..119 1. ConG N Y 5%s'45. Con Pow Jap: Sor Old Colony Trust Assoc.... Ol Shares Inc units Petroleum Trad Power & Rail Trustee Shrs Public Service Tr 8h Representative Trust Bhrs Research Inv Com Secur Corp Gen 3! Second Int Secur Corp Second Int Secur Corp B Sec Int Becur Corp 6% lst pf Selected Am_ Shazes lected Income Ehrs Selected Managements Trustee Bhawmut_Bank Spencer Trask Fund Stand Am Trust Snrs Stand Collat Trusteed Shrs . Invest Corp ®f Am Tr Shrs Chicago, Rock Island & Pacific Rail- | way—Dividend action postponed to June | pok | marks final step in company’s plan to dispose of unremunerative divisicns. American Public Service first quarter gross of subsidiary off 15.7 per cent; net, before depreciation up 93.6 per cent. American _Sugar Refining _directors | authorize redemption of $2.500,000 6 Cuba Nor 6%3'42. . Czecho 9852 Del & Hud rf Baltimore & Ohlo 425 1933 . eeting. | Bat. 1 Eastern Utilities Associates—Earnings, | el wor o coorh 2% a0z . orp. 5’ e 12 months to March 31, were 83 cents | California Pet.” Cor | convertible share, against 82 cents. | cfl"'fw’a‘:’?nfifiefi.’a s 193 Hudson Motor Car—Free Wheellng | cricago’ Rock liiand 4 15347 s ade optional equipment on ludson | Chile Copper Co 55 1947.. P per cent, bonds on July 1; $11,373,000 | made optional eq Denver & ftio Grande 115, 1936 will remain outstanding. G ational ‘Cash Register, J. H. Bar- | Geh: Mot Accen. Corp. 63 1931. 104 Brown Shoe operating at 80 per cent | e = d | General Petroleum Corp. 85 1940 ope! 3 t;rmgex- resigns as vice president and | General Theaters Equip. 6s 1940 3: of capacity; first fiscal half volume at|gond) “manager; successor not yet | Goodear T & R 85 ioo7 & e % level of like preceding period, but dol-| jop g Grand Trunk of Canads 6s 1936 1 llc,:;l .‘?,L";?k"]’l'.n“s“fiq&:?.é‘“ cent price | Naumkeag Steam Cotton, cuts she@trjg‘lxlg\rl:‘l:lo;}[ 8 do3a.. Rese Tntemnational Shoe reported at 85 per |i76 and sheet prices to lowest level in Mariagd oif 55" % ’?”fiz 5 ork. cexl;th l?! CTP}-I::“Y‘RZ 1d Transit-—Mitten Newton Steel considering expendi- | Phillips Petroleum Co. Sres {fi. I ror th pive up Management | ture of $1,000,000 on tin-mill at Newton | Eite, Ol Co oa Falls Works. | Sinelair Crude Ol ¢ to prevent receivership; majority stock oleum subsidiary, Grest|Staanira oo held by Mitten to be placed in five-year |, Phillips Petroleum subsdiary, Great Sitndard il L'n voting trust: six of eight Mitten repre- | LM 8 Ry, RLE. Ve o boord ,“mgn‘ e on] {0 | Several Oklahoma refineries to TWIN |8t I Southwestsin Ry 45 1033 3 .. | Cltles. | Union Oil Co .of Calif. 85 1935 :g&‘ol;: company to’ drop taxicab oper- ol o \ite Co. (Ohio) 1930 com- | pnited, Drug Co. 8¢ 1053....... 101 Rubbe 94 . Wheeling Steel proposes _reducing | MOR share earnings. $2.83 against $6.71. | Western- Bjectric o, 85 144 stated value of common stock from $100 | | Ritter Dental Mfg., March quarter Wheeling Steel Corp. 5’ to $50 and creating 500,000 shares $100 | common share eamings, 19 ~ cents Wheeling Steel Corp. ar 6 per cent cumulative preferred | s against 60 cents. i stock and 500,000 shares of new no par | Savoy Oil 1930 common share earn- commbn stock, 8 per cent class A pre- | ings, 18 cents against 25 cents ferred to be exchanged for new preferred. | P CC&StL 43877 Denmark 4 %3 PCC&StL5sA Denmark 5% ‘65. . Denmark 6s°42. ... D&RG W 6855 Det Ed G&R4%5'61 Det Edison rf 5s ‘49 Deutsche BK 6532, Dodge Brcl 6s°40.. Dugquesne 438 '67.. Dutch East 16347, El Salvador Ert Riggs 2 ond (9e) R Washington (13).0.0.00 TRUST COMPANY. Tr. Co. (15) Natl. Bavings & Trust (i3} Prince Georges Bank & Tr Union Trust (8s).......... Wash. Loan & Trust (i4). SAVINGS BANK. Bank of Bethesda (81).... Commerce & Savings (i0) East Washington (12).... Potomac (10)......... Com. (30) Washington Mecha; FIRE INSURANCE. American (12) Corcoran (10) | Firemen's (8):.::% 111100000 National Union (i5)...111. ] TITLE INSURANCE. oh) .. e . MISCELLANEOUS. B al Bidg. Cor) Gol. Band & Gravel pid. Dist. Natl Sec. ofd. (1), Pol Port Gen E1'4 Por RTam Pos Tel & Prussia 6s°52. Public Serv 4s PubSvG4%s’67.. Pure O11 5% Queenland Read Jer Cen 4: Pac 5i Third Av ref 48°60, 20 Third Av adj 58 '60.169 Toho Ei Pow 6532, 1 1 Toho El Pow 78'55. 5 Tokio 534861 : 4 Tokio El Lt 6 Cory Shrs mer : Tol StL & W 4s'50. Trus Trustee Stand Invest Shrs C Trustee Stand Invest Shrs D Trustee Standard Oil Shrs A Trustee Standard Oil Shrs B 1 Erie Gen Erie cv 68 '6 Erie 58°75. Finland 5%s '58. Finland 6%s ‘66 Finland 78 50 Fla £ Coast b5 French Gvt 7% Gelsenk'chen 65 ‘34 Gen Baking 5%s 40 100% 100% 9% 9% MK 9% 111% 111% « 107 Bk (N Two Ye y = 20th Century Fix United Fixed Sh United Founders United Ins Shrg United Bank Tr U 8 & British Int Ltd A th ‘com Rich Ol cal Rlo de Jan Un St1 W 638 A 47 Ud St1' W 6%sA'51 Uruguay 6s Uruguay 6 Uruguay 8: . Utah P& L 68 °44... 21 Utl Pow 68’59 ww. 16 Utll Pow 63%s "47.. 42 | NEW YORK BANK STOCKS 1930 | NEW YORK, May 14 (#).— Bank Stocks, Western Continental Utilities Lol AL Central Coel & Coke 12030 deflcit ;;,9— class A share earnings, $4.55. 002,276, against deficit $265,918 in 1929. e Salusiites. Cushman's Sons $8 preferred share | * veeks Building. —April Portland Oement out- :::‘;x‘;':(“ulfe]“'h s | put totaled 11,245.000 barrels vs. 8,245 - | ¢ Federal Light & Traction gross reve- 000 in March and 13,521,000 barrels in | & nue 12 months ended March 31 off 1]April, 1930, according to Department | per cent, surplus after subsidiaries' pre- | 0f Commerce. April shipments rose to | First National N ferred dividends, but before depreci-| 11,184,000 barrcls from 7.192,000 bar- | JEEimaR . ... ation up slightly. | rels tn March vs. 13,340,000 barrels in | National City Fox Pilm—Two annual reports to be ' April. 1930; stocks atthe end of the | B issued urder differcnt accounting sys- | month totaled 20.736,000 barrels vs. tems; antuol meeting further adjourned | 29,676,000 the month previous and 30,- | . to_June 10. | 867,000 barrels a year ago. Bant i’ New York, Ontario & Western Rail- | Cotton—Lint cotton consumed in do- | Bank N ¥ & Ti way net income after charges, three mestic mills in April totaled 508,744 | Brookiyn Trust ... months to March 31, $2,498, against | running bales vs. 480,586 in March and | Gheises Bi deficit $268,976; March net income after 531,911 in April, 1930, according to | Chemical charges $22,540, against deficit- $122,- Census Bureau; consumption for nine | Sontineatal 273; makes contract with Penn Anthra- | months of current season, ended April | County cite Collieries to transport all coal pro- | 30, amounted to 3,899,272 bales vs.|Empire . duced that can go over company's lines. | 4,848,208 like period of 1020-30 sea- | Glaranty Square D Co. class A preferred share 'son. ' Stocks excluding linters in con- | Irving . carnings, 16 weeks to April 18, 21 cents. | suming establishments and warehouses | Manufacturers Telautograph Corporation April net|on April 30 amounted to 7,404,339 run- | N ¥, /it - . profit after taxes and charges, $30,768, | ning bales vs, §120,406 March 31, and Westchester Title & Trust. L) FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks Bid. Asked. America .. ) 47 Hguk ot U 3 ase 3 Chatbam ~PFhenix ty s % 8T 874 106% 106% 641 64% % 103% 108 Ger Cen Bk 6560 J. Ger Cen Bk 65’60 O London, pound German Bank 7s '50 St L&SF prin 68 B. l: . X 9. 20 StP&KCSL4%s., 6 Sao Pau 78’40 rets, 12 Sao Paulo 8 Sao Paulo 8: : 4 ¥ me, Zurich, franc i Athens, “drachma adrid. peseta Vienna, schilling. | Budapest, DenE 4 Prague, crown (nom.) Warsaw, zloty nhagen. Oslo, crown Stockholm, crown TREASURY C Banea Comin Saxon Pu W 6%s'51 1 exrs e West Md 4852 11 Ter. Ret. & W X The' Carpel Corp. (1.50¢) W. Mech. Mtge. com. (6) Wish, Med, Fldg. Corp Woodward & Lothrop com.. '’ Woodward & Lothrop pfd. (7). *Ex dividend. b Books closed. c80c ext K erown. | Grt Nor %57 73 25 108% ERTIFICATES. Seligman & Co, E Wil-Ov 1st 6148 "33 Ofter . 100 5-32 . # Wilks B & E 1st Wil & Co 1st 68741, Yokohama 9% 995, Yusin Sr&T b 41.100% 100% 1004 Yng SU&T 58 B 70,112 100k 100 109 Hud & M ad) Hud & M rf 58 '67.. Hurble O1l 58°37. . Hum O&R 6145 ‘62, Hungary 1%8 44, 9% 100% 1025, 102% H 01 101 100 . S'nglair Ofl 615 Sige O 18 v A '3 ic Cr O 6%n "3 c P L Ss'43, Soviet Russia “dumped Joz rubber galoshes info Latvia last year, bl N 1932 1931-32. 4% R 5 . i