Evening Star Newspaper, May 15, 1931, Page 15

FINANCIAL. \CURB PRICES MAKE | 'MORE LOW MARKS| = Many Issues Break Under| Stead; Selling Drive From Opening. BY JOHN A CRONE. Bpecial Dispatch to The Star. NEW. YORK, May 15.—Steady sell- ing from the opening of the Curb Ex- change today broke many issues to record low levels. Although the vol- ume of offerings until mid-day was small, demand likewise was limited, with the result that prices in some of the inactive stocks broke more than two points between trades. Electric Bond & Share, which an- nounced that its principal subsidiary, can & Fcreign Power, had pur- ‘chased, with others, the Bucharest electric properties, repeatedly was sup- ported just undef the 41 level. Cities Service ‘more than mad= up for its ex- dividend_ quotation today. Heavy celling from London affected most of the international securities. Rails reflected the down trend on the @ big board while cils met further pres- sure. It was in the specialties, how- ever, that the wide fluctuations be- tween sales took place. Brazillan Traction & Light broke to a new low, as did Hydro-Electric Secur- ities. Cables & Wireless preferred also Tegistered a new minimum quotation. Ford Motcr, Ltd., eased despite Paris cables to the effect that the Prench subsidiary had_a highly satisfactory first quarter. Imperial Tobacco broke 1% on a turnover of 700 shares. ‘West>rn Maryland preferred on a small volume .dropped about 10 points. Pittsburgh & Lake Erle, whose first- quarter earnings amounted to 92 cents a share against $1.69 a share in the same 1930 period, was moderately active around Thursday's final levels. Penn- road Corporation was down only a shad: ‘Vacuum headed the decline in Stand ard Oils by shattering its previous low price. Standard Oil of Kentucky, Inter- national Petroleum and Imperial Oil, the last being ex-dividend today, drifted Jower as Humble Oil opened at its previ- ous low mark. (Copyright. 1981.) [) Markets at a Glance NEW YORK, May 15 (P).—Stocks ‘weak; steel, can and rails at new lows. ds irregular; Liberties in demand. slow decline continues. sterling Sugar y steady; trade selling. Coffee higher; foreign buying. CHICAGO—Wheat steady; unfa- vorable crop and weather reports. Corn easy; lower Buenos Aires and favorable ‘weather forecast. Cattle steady. Hogs Bigher. Lower Clothing Prices Seen. NEW YORK, May 15 (P.--Tne Fall ued lowering departments, mfim in New York indicate. ‘way is paved for these changes by t.h: current shaping up of price trends for fi\eeumlumuntnmymmlur ‘women's apparel and accessories, whis in a number of instances reveal lhnrpat price readjustments than was the case @uring the Spring. CHICAGO STOCK MARKET By the Associated Press. i 2 2% i an Blessing i% Aviation . o ae 988Ee GEARSEER. 0 G885 Bl Y 3. TRSESS ? leaner Lakes Aircraft Lakes Dredge Q000 :__ 3 “ t - A & ~Orulwv gusye=5 oY o5 Eat ;§§E=§§E~=§§E’iiis§i§sfi§=§ -z 3! rs) el McWilliams BREs . N RN NS5, N U B W B e K IR o] S8 4 888! 58! §§§§§;§§§ ES §s:s§=xss§ss§ts§§ 20828 e £t oBast 33! ~ 833, E5geestads o | Btock sales today. $7.000 shares BONDS. l'l ifs 55 ‘27 2% n’ EE%flaa.as;uaun : nu.rnlon STOCKS. Special Dispatch to The Star. BALTIMORE, May 15. 8 grocEs, akrundfl rporation . Baltimore Trust Co 138 Black & Decker co 40 Commercial Credit D!d . idated Gt n&on Co ‘BONDS. L 4000 W B & A Railway 15t Bsesesaes 3§ Note—All stocks are sold In one hun ulxm d mu!fitl lfi) (M) m’: 'D.;. sold in odd Bales— Add 00. Open. llth‘ 10% 8 18% Dividend Rate. Aero Underwriters. . Affillated Prod 1 60.. 1 22% 87 103% 118! Ala Pow cum of (7). All Am Gen Corp Aluminum Co of Am 8508 Aluminum,Ltd Dwar Am British & Cont. . Am Capital B. . Am Cit P&L (A ) Am Cit P&L B b10% Am Com P A (b10%) Am Com Pr B(b10%) Am Cyanamid B Am Dey:t Stores. Am Dep Strs 1st pt A Am Bquitie 4 Am For Pow war. Am Founders. . Am Gas & Elec (31). Am Gas & E1 pf (6).. Am Invest Ine (B).. Am Lt & Trac (2%). Am Superpcw (40c). Am Superp 1st (8).. Am Util&Gen (B)vte Am Ut&Gen cu pf(3) Am Yvette Co (25c) Anglo Chi) Nitra Appalachian Gas. Arcturus Rad Tul Arkansas Nat Gas... Arkans NatGas A... Armstrong Cork (1). Assoc El In Lta 30c.. Asso Gas & Electric. 4 Asso Gas&El A (a2). AssoG &Elect (3). ..126- Assoc Rayon Atl Fruit & Suga Atlas Util Corp. Atlas Utilities war.. Auto Vot M ev pf pt. Beneficial IL (1%).. siue Ridge Corp Blue Ridge cv nf a3, Blyn Shoes, Inc. Bras Tr & Lt (b3% ). Bridgep Mach (25¢) . Buft N&EP pf (1. uo). Burco Inc. % Bureo Inc wa: Burco Incev pf .. Cable & Wire A rets. Cable & Wire B rets.. Cab & W pf rets 19¢. Canada Marconl..... Celluloid Corp...... Cent Hud G&E (30¢). Cent Pub SvcA b10% Cent Stat El (b10%). Cent St El pf xw (6). Chain Stores Stock.. Chat Ph Aln.v (1).. FTTST O YSTPI=—JSTOIOPNI VI - =T - Sy - S o) " - PR Tt 3% 1% 8 14% 34 30% x 15% 1 25% 4 Colombia Syndieate. Colon Ofl..eeuvenee Cmwith Edison (8).. Cmwith & Sou war.. Com Wat Ser g123%¢ Comstock Tun! Consol Copper. . Consol Dairy Prod.. Consol M&S t12%.. Consol Royal (30¢).. Cont Shares conv pf. Cooper Bessemer. 4 Copeland Pr Inc Corp Sec Ch (b6%).. Corroon & Reynolds. Creole Petroleum. ... Cresson Consol (4¢) .. Crocker Wheeler.. Cr Cork Int A (1). Cuneo Press (2%)... Curtiss Wright war.. Cusl Mex Mining. Darby Petroleum o 50 14t 1 50 1 08 OV 1 1t 10 53t O 000 1 8 4 391 00 1t <100 OBk ok 00t 80 ket SR k0 Doehler Die Casting. Douglas Air (113).. Dress SRA (3%)... Dres (SR)A e0d(3%) Dresser Mfg B (2). .. Dubilier Cond & Rad, Duquesne Gas Corp. . Durant Motors. ..... Duval Tex Sul wi. East St Pow B (1)..4 East Utll Assoe (2).. EastUtil InvA... Elsler Electrie Corp. 4« Eleec Bond & Sh (b6). ElecB&Shcupf5s.. Elec Pow Assoc (1).. Elec Pow Asso A (1) Elec P & Lt Dlnr.. Emp Corporation. Emp G & E cu pt @, EmpG&F cupf (8). Burop E Ltd A (60c) Europ Elee deb rts Evans Wallow Lead. Fansteel Products. . Federated Cap cu pf. Federated Metals. . ., Ford M Can A (1.20). Ford Mot Can B 1.20. Ford Mot Ltd 36 3-5¢ Foremost Dairy Pr.. Foremost Fabric: Fox Theater C1 A Gen Alloys. Gen Aviation. Gen Elec Ltd (p70¢). Gen Empire Cor (1).. Gen GRE cv pf B (§) Gen Laundry Mach. . Gen The Eq cv pf(3). Gilbert (AC) (1).... Glen Alden Coal (4). Golden State Milk. .. Goldman Sach T C. Gold Seal Elec new. . Gt At&Pac Teanv($) 40s GrtA&P Tt (7).. 1008 Gulf Ofl of Pa (1%). Hamilton Gas rets 4 Happiness Candy. Heela Mining (40c). Horn & Hard (2%) .. Hudson Bay M&S .. Humble Ofi (12%). Hydro Elec Sec 1.40 Hygrade Food Prod. I Pow & Lt pt (6).. 1mp Oil of Can (50¢) Imp Tob Can (35¢). . Imp Tob Gt Bri $79¢. Indiana Pipe Line(1) Insull Inv (b8%). ... ins Co ofNo Am 12%. 4 Insurance Sec (70¢). Int Hydrocv pf3%. 1 Intercontinent Petn Int Petroleum (1) Int Products. Int Utilities 3 » = RN NG RO LR BN 1 Inter Equ conv pf( ) Interst Hose Mil! Irving Air Chul Italian Superpow A.. Itallan Superp war.. Johnson Motor... THE EVENING dred-share_lots ~Prev. 1931~ High. Low. 115% 111 100 96 Kings King 0% l”h 70 102% 115% 9% 10% 18% 70 102% 10% May Ra Mid W Mls- Ri Niag-Hi Pub Ut Swift & Unit Lt Received by Private Wire Direct te The Star Office Bales— Add 00. Open. High. Low. Close. oLtpf B (7). 1 115% 116% G X cum pf DE1008 10016 Klein (H) ptpt.. 4 Kolster-Br tAm 8h). Kress SH sp pf l0c Lefcourt Realty ¢ Cotiourt Hasl o/ ity Lone Star Gas n 83¢. 4 16% Long Island Lt (60c) Louisiana Lan & Ex. MacMarr Stores (1). Marcon! Int Mar .367 Margay. . Mass Utll Assoc. Mavis Bottling (A).. 4 May Oil Burner Corp 8 22 1% d & Telev(1). Mayflower As80 (2).. Mead Johnson (14) Mesabi Iron. Md St Pet vie B, Mig West Ut (b8 %) Ut B wi. Mid WSt Ut (1%). Mo-Kan Pipe L, (A). n Pipe L (B). v Fuel b rts. s \achmln Spring. t Aviation. . r\ tBA& S Corp (1), Nat Family Stores. .. Nat Food Prod B. Nat Fuel Gas (1) Nat Inv Nat Pow & Lt pf (6). 4 Nat PubSv A (1.60). bvll 8 T Sec A (350¢) t Service Co Nat Sugar NJ ( €Stors. ...... ¢ Eng PSprinf.. New Haven Clock. ¢ New Jers Zine (13) Newmont Min (4 N Y Hamburg (2%). NY&Hond Ros(t11) Niag-Hud Pow (40c) ud Pow A w.., Niag-Hud Pow B w.. Niag Sh Md (40¢). .. Niles-Bem-Pond (2). Nipissing (30c). Noma Elec Cp(40¢). Nor Am Aviat A war. Nor & So Am Corp A Nor Europ Oil Corp. N W Engineer (2). Novadel Agene (4) Ohto Copper. Outboard Mot A. PacG&E1stpf1% Pac Pub Sve A(1.30). Pac Western O1l.. Pan Am Alrways % Pandem Ofl... Parke Davis (11.45) .. Parker Rust Pr (3).. Pennroad Corp (20¢) Penn Wat & Pow (3) Peop L& P A (2.40).. Phoenix Secur Corp.. Phoenix S C pt (3)... Pilot Kad Tube A Pitney B P n (20c) Pittshgh&L E(110). Plymouth O1l (1) . Polymet Mfg. Powdrill & Al Pratt & Lambert (4) Producers Roy Corp. Prudence Co pf (7). . Prudential Invest. Pub Util Hold Cp xw Hold cu pf(3) Rwy & Lt Secur (13). Itainbow Lum Pr A. Reliance Int A Rock Lt & P (902). . toot Ref cv pr pf. Rossia Int Corp. & St Anthony Gold. ..., St Regis Paper (1)... " Secu Corp Gen (40c). Seg Lock & H (50¢).. Selected Industries. . Si>Ind full pd (5%). Sle Ind prior (5%)... Sentry Safety Cont Sston Leather (1)...~ ndoah Corp.,... ah-n Corp pf (a3) ... Silica Gel ctfs. Smith (A O) (2). SoCalEdpfA (1%). South CEdpf C1% SW Dairy pt ww 8 W Gas Utilits SWG&EpL (1) Stand Ofl of Ind (2) Stand Oil of Ky 1.60. Stand O1l, Ohio (23 ) 100s Starrett Corp pt (3).. Stein Cosmet! Stuts Motor (new) Sunray O11 (b5% )., Co (2). Swift Internat (3)... Bwiss-Am El pf (6).. Taylor Milling (2%) Texon Ofl&Land (1) Tran Con Air Tran. ., Trans Lux DL P ‘Tri-Cont Corp war... ‘Tubise Cantillon (B) Tung Sol Lamp (1).. Ungerielder Fin Cp. . 9% Un NatGas,Can t1.45, Union Oil Assoc (2). U Unit Car Fastener. Unit Chem pt pf (l)-) Unit Corp war. Unit Gas pf (7).. &Pwr A ( Unit Lt& Pwr of (8 Unit Milk Prod U 8 Dairy (A) ( 4 US Dairy (B). U 8 Elec Power ww. U S Finishing. . U S Finishing pf. . U S Foll (B) (60¢c)... U 8 & Inl Secur.... U S Inter Sec 1st pf.. U S Lines pf (1). . Unit Verde Ext (2).. Univ Ins (1%).. Utll PALt(at1.02%). Ut P&L B(at1.02%). Util & Ind.. Uti] & Ind pi Vacuum Ol (2) Vic Finan Corn(“s) ‘Wayne Pump. . West Air Exp (60¢) .. West Md pf.. West Pwr pf (7). rates in ent. | dividend. stock. stock. IPlus 2% in nPlus 8% in *Ex dividend. e in cash or stock. 1Plus 5% in stock. 3% 15% s 70 0 0 ‘1508 104 104 103% 103% on lsst quarterly or sem 1Partly extrs. 3Plus 4% in stock. in stock. e Adjustment in stock. hPlus 1% in stock. kPlus 10% in stock. m Plus 3% In » Paid last year—no regular rate. dollars bat CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS By the Associated Press. NEW YORK, May 15.—The following {is a summary of important corporation news prepared by the Standard Statis- ties Co., Inc, New York, for the Asso- clated Press: News Trend. ‘The 1930 report of the Standard Oil Co. of New Jersey shows earnings of $1.65 a capital share, against $4.75 & share on about the same number of shares in 1929, Brokers' loans for the week ended ‘Wednesday declined $28,000,000 to & total of $1,671,000,000, the lowest total since the week of November 5, 1924. Loans by members of the New York Pederal Reserve for their own account rose $67,000,000, compensati for decrease of mmooo in aut-ofstown 41,000,000 kS |10ans for account lenders. Interést in forelgn extensions of | American capital has been turned to the arrangements concluded by Ameri- can & Foreign Power, an Electric Bond & Share subsidiary, for the purchase ol Lhe electric light, power and artificial properties at present operated by the C!ly of Bucharest, Rumania. These arrangements, however, are still subject to approval by the Rumanian Parlia- ment. of non-banking The Companies. = “Amm'u::ne l:: "P‘orel(: Power acquires |1 charest ic and gas properties; about $12,000,000 involved. » Afllnuc Refining lowers price of tank asoline J, cent a gallon to 6 cents in all territories except New England, where price was cut to 6% cents. Burns Bros. has arranged to purchase equally from Lehigh Valley Coal Co. and Delaware, Lackawanna & Western Coal 80 per cent of anthracite require- ments of company and subsidiaries. Colgate-Palmolive:Pete buys Omega Chemical of New York, controlling Omega, Ltd. of London, Societe Cadum of France and Bociete Cadum Belge, for 43, 000 000. lnn!y m —Radio-telephone communication be- tween Brazil and North America to be opened next week. Missouri Pacific Railroad—Interstate Commerce Commission examiner favors proposed acquisition of Northeast Okla- homa R. R.. continuation of existing through rate arrangements recom- mended. North American Light & Power com- mon share earnings, 12 months to March 31, based on average number of shares outstanding, $2.73, against ss 20; first-quarter electric output off 1, per cent; 12 months ended March 31 up 2.15 per cent; gas output ug 485 per cent; 12 months ended Marc] 31 up 49.1 per cent. Pepperell Manufacturing cuts prices of sheets and pillowcases, Standard Oll of New Jersey 1930 share earnings, $1.65, against $4.75. United States Lines cut_salaries of | employes receiving over $150 a month | by 10 per cent. Insuranshares Corporation of Dela- ware—Stockholders approve recapitali- zation plan involving exchange of one new share $1 par common for two old no-par class A common shares and one new class B share for two old shares; also. adopt plan to pay dividends out of earnings from inf and STAR, WASHINGTON, NEW YORK CURB MARKET Stock ana Dividend Rate. SHOE DEMAND BETTER. NEW YORK, May 15 (#).—A heavier demand for men's black calfskin and sport shoes in black and white and tan and white developed during the week, with a slight tendency away from the lower priced numbers, which had ap- d in recent weeks, trade comment n New York says. Retailers, however, continue to exercise caution in their commitments and are goods frequently in small amounts. - .. CHICAGO POTATO MARKET. CHICAGO, May 15 (#).—Potatoes— Receipts, 71 cars; on track, 224; total United States shipments, 1,079; old and new stock: dull; trading slow. Sacked, per hyndreweight — Wisccnsin round whites, 1.25a1.35; Idaho Russets, No. 1, | 1.45a1.50; fancy, 1.55; new stock, Ala- bama, Louisiana, Bliss Triumphs, 1.60a 175; fair quaiity, 1.40a1.50; Texas Bliss triumphs, 1.6581.90, mostly around 1.70; small, 1.35a1.50. BONDS ON THE CURB MARKET. Salesin DOMESTIC thousands 28 Alabama Pw 4%us ‘6T 5'Alabama Pow 55 1 Aluminum Co 55 3Am Cmwih Pw ::::u;==a=;:2:§5§ 3582 Ze58anaa8s8anas gs'ggf;g;fi‘g#?$§a‘f 25223 :'#gt' 2 e & FEERyya08e ot £ w e Power 4128 v"l B S arsm 3 44 81 " 37 11 wia Power 55 '67102% 1’ Gilletie & Ra , 12 Indnap 58 #7 Insull vum 40 1 Inter seu. E '51 98 5 Ini Am 55 '47 T unum- Fower 3¢ 151 3intersta Fow nte Y H Jenc(il'kl, Shasa s m.; 10 3G &C e 25 Kobper G&C s 50 10345 5 . 1017, SEBw L, Z EBES 8 kcnoi’ ... HHH AL PR FERE T6 82335555 s Sel-uwaSun! & Fazaxa "' . 7 £5x :;vE & s§§§§§§:§§§=§“ g > 28823BE 7 3 2. 22528328228 288 5258 2! FRERERS o 38! VIS 28 sua o 2, ¥ITTE 3 EH gesEEE: W ” el rsE e herSebun monte ! 5 4 a'# 5o i SepZeaseess eSS ™ g 253 oo ¥ 3%’ 3EEES - 2 ;—u 1 & e 8. 555 EEREEEEE, £ B eveatans b3 1, 101 &E 65166, lfl(lnfll'fl P&L 6s '57 % g! %‘ Slas 'J’ n §8iber of i 4125 188 5 8 PI{ of mlh 0‘:5 ‘170 13, <acdc o hEmen| Erh << 23 A 9% V2 Pub Serv 55 B 80 4114 § Waldort-Astor 7c 84, ¢ w E '56 103%; 1 20 Wiscon PAL 55 F 58, 10356 Sales. TARr Mig Bank 75 47 87 1 Cauca Valley 7s Booowrd cni 2B33332,383335833038288: omaSunn el va b aoe! 3 &5 D. €, FRIDAY, MAY 15, HEAVY SHIPMENTS FROM SOUTH TAX BUYING POWER OF MARKETS 1931. FINANCIAL. Price Trend for Farm Produce Contmues Downward—Weather Helps Supplies of Nortl_le Cool weather near the middle of the month was favorable to the keeping quality and the consuming demand for the limited supplies of Northern fruits and vegetables still on hand, but the heavy shipments of Southern potatoes, oranges and green stuff severely tests the present limited buying power of Northern markets, according to’ the United States Bureau of Agricultural Economics. The total carlot movement of fruits and vegetables was about one- fourth greater than for corresponding time last season. Price trends showed the downward tendency usual for the time of year. Northern produce made a fairly good showing. Potato prices sagged off a few cents in some markets, but the scanty offerings of first-quality old onions brought hi prices, and standard Eastern apples sold at top level of the season. Supplies of Southern produce are likely to continue heavy because of some gains in acreage and the génerally good condition of ¢rops in most produc- ing sections. Strawberry shipments the middle of May are about the same in volume: as last year owing to good crops | in Loulsiana, North Carolina and Ala- bama, and prices, unlike those of most products, are about the same as those of a year ago. Orange shipments are 50 per cent ahead of last season's car- lot figures and already exceed last sea- son's total. Aspai output so far 1s 50 per cent greater than in 1930 and shipments continue active from South Carolina as the season moves north- ward. A few watermelons are on the market from the West Indles, but the domestic season Is likely to be two weeks late and Florida shipments will hardly start until the second week in June. Melon acreage is less this vear. but is larger than for any other recent season. Potato Markets Weak. Northern potatoes still comprise more than half the market supply, bu'. ship- ments from half-a-dozen Southern States are increasing the competition :‘Ebu weakened slightly near the mi of May, with declines of 5 to 15 cents 100 inds in various East- ern markets. ost of the large cities reported supplies moderate and de- mand for old stock limited. Maine potatoes sold mostly from $1.75 to $2 per 100 pounds with a top of $2.20 in Washington. New. York round white potatoes were steady at $1.75 to $1.80 in Baltimore. Canadian potatoes drop- ped 15 cents in New York. holdings are reported light in West- ern New York producing sections and | most of the dealers have closed their loading stations for the season. Proba- bly not more than 50 cars of potatoes will move from that section during the rest of the season. A few carloads are still going out from the Adiron- dacks section of the State. Total po- tato shipments from upper New York exceeded 4,000 cars—nearly equal to last season's movement. Prices in Mid- dle Western producing sections range from $1 to $1.25. In Northern Min- nesota, demand is slow and market dull and weak, with sacked stock at $1. 20 to ‘1 25. pmw o pin, su'fc's i e‘u':m it up as far &e linas indicate about ' rn Ongm. one-fifth increase in production, the gain being due partly to yield, but mainly to hrler w-mn ‘Total early crop acre- lfi rgest in recent years, except 1928, llt.hflulh there u & 5 per cent reduction in Virginia in Maryland ncrnle condmons in Southern p! séctions are better than average, except some weather damage in Texas and Oklahoma. Old onions seil high. About 10 carloads of : only a few of these are of quality good | enough at this time of year to bring top prices. The best of them were sell- ing around the middle of May at $1.50 to $1.75 per 100 pounds in New York in contrast with about $1 in early Spring, but ordinary stock still brought only $1 to $1.25. Many of the Southern onions arriving in liberal quantities are of only fair quality and prices still tend downward in most markets, with rnenl range of $1 to $1.50 per crate yellow stock of the Bermuda type. id carrots, unlike old onions, have no!. made any late-season recovery. Demand has been extremely light for some months. Growers and dealers in | Eastern producing sections are doing all they can to dispose of their remain. ing stock. Some of the carrots are being fed to farm animals. Shipments | of sweet potatoes still amount to about 100 cars a week. They are mostly from storage in Louisiana, North Carolina and Tennessee. Green Stuff Plentiful. | Asparagus shipments are 50 per cent | heavier so far this season. Prices have | | been tending steadily downward. Heav- | | lest supplies are from “South Carolina | at_present. Spinach shipments amount to about 35 cars daily, mainly from Maryland and Virginia, ides several carloads of other greens from these two States. Most e changes were downward near the middle of the mon?.h. with various declines amounting to 5 to 10 cents a bushel. Some stock was of low grade and sold down to 25 cents a bushel in New York, Philadelphia and ‘Washington, but general range of Vir- ginia Savoy type was 25 to 75 cents. Maryland spinach brought 60 io ‘5 cents in Pittsburgh and Chicago. Carolina peas tended lower in Nomwm markets at $1 to $1.50 per bushel, Eastern Apples Firm. Eastern Baldwins sold near the sea- son’s top “price in. producing sections the middle of April at $1.90 per bushel for best stock. About three-fourths of the Eastern carlot aupn}y s now from that section, but Virginia and West Vir- ginia are still shipping a few cars daily, besides truck receipts at. some Baldwins sold in city markets at firm prices, reaching new Wp of $6.: zn per barrel in New York and to $2 a bushel in other markets. mc- ern Staymans and Yorks were steady at $2 to 32 25. Virgipia Newtowns reached | top of $2.50 in New York, and Delicious brought the n le price in Baltimore. Western apple shipments are still heavy for the time of year, and prices on that stock weakened slightly at sh.lp-plu points near the middle of May. | Eastern shipping season is m, dnwxn‘ |to a close, al h there is a great y cold storage. New York Cotton NEW YORK, May 15 (#).—Reports of fair and warmer weather in the South, eombined with the continued ‘weakness of the stock market, appeared to be the dominating factor in cotton here today. Prices for all the more active positions broke into new low ground for the season under liquida- tion and scattered selling which was absorbed by covering and trade buying on scale down orders. July sold off to 9.55 during the early afternoom, or 14 points net lower, and the market was within s point or two of the lowest around 2 o'clock with active months showing net losses of about 2 to 13 points. Futures closed barely steady, $ to 14 points lower; May, 9.39; July, 9.55; Oc- tober, 9.91-92; December, 10.13-14; Jan- uary, 10.25; u..mn -44. Spot quiet; middling 9.50. @ l D! 10 Subsidiaries Sold. NEW YORK, May 15 (#).—Baldwin Locomotive Works has aubsldhry l:omp‘nln of Cramp Morris Industrials, Inc. These include I. P. Morris & De La Vergne, Inc., of Phil- adelphia; De La Vergne n:glne Co. of elphia; Cramp Brass & Iron Co. of Phflldelphla Federal Steel Foundry Co. of Chester, Pa., and the Pelton Water Wheel Co. of San Prancisco. TREASURY STATEMENT. ‘Treasury receipts for May 13 were $3,606,472.97; expenditures, $15,645,- 214.45; balance, $215,212,148.53. Cus- receipts for the month to the close of business May 13 were $12,- 569,143.60. et Property Taken Over. NEW YORK, May 15 (#)—Interna- tional Cigar Machinery Co., & sub- sidiary of the Amerlcln Machine & fises and Froperty o Univeral To- an y of Universal To- bacco Machine Co. of Newark, N. J., and will continue the manufacture of the principal lines of machines for- merly made for Universal, e More apartments were built in Stock- holm, Sweden, in the last 12 months than during any of the preceding’ three years. deal of stock in ci Chicago Grain CHICAGO, May 15 (#).—Uneasiness over drought threatening serious cur- tailment of the Canadian wheat crop led to upturns in wheat prices today. Prospects of rain south of the Canadian border. though, caused reactions at times.” Corn went lower, owing to fa- vorable conditions for planting” and germination. Wheat\ closed nervous, unchanged to %, cent higher corn unchanged to % down, oats anchanged to !4 off and provisions unchanged to 10 ‘cents’ de- cline. Close. % sapznl i M 13 50% a h 304 ) MITTEN LOSES CONTROL OF PHILADELPHIA FIRM By the Assoclated Press. PHILADELPHIA, May .15.—Mitten Management, Inc., which the lel} Rapid Transit Co. and the International Railways of Buffalo, N. Y., yesterday lost control of transit irs in Philadelphia. By action of Common Pleas Court the contract by which Mitten Management handled the property of the Transit company at & fee of $1,100,000 a year, is to be cancelled and the property man- aged by a board of 11 directors, 6 of whom have been named by the court. Recelvership recently set up to take over the Transit company affairs be- cause of alleged mismanagement and waste by Mitten Management, will be dropped and the Board of Directors will function under the eye of the court with the same effect as if the receivers were in charge. The court declared the company to be solvent. BOURSE PRICES EASIER. PARIS, May 15 (P).—Prices were easier on the Bourse today. Three per_cent rentes, 89 francs 20 centimes. Five per cent loan, 102 francs 90 centimes. Exchange on London, 124 francs 24 centimes. ‘The dollar was quoted at 25 francs 54% centimes. STOCK AND BOND AVERAGES By the Assoclated Press. FRIDAY, MAY 15, STOCKS. 50 Industrials, 110.1 20 Rails. 77.0* small cut | old onlons are still shipped daily lndl its. IM pork but consumption of hand, A—15 o DOLLAR VALUE UP AT MEAT MARKET | Retail Butchers Feel Pinch of Operating on Small Margin of Prafits. BY ALVIN RESCH, Assoctated Press Staff Writer. CHICAGO, May 15.—The retail purchaser's dollar, on the basis of 1929 values, is worth upward of $1.40 today !at almost any meat market. But while the consumer benefits by greater values, the retail dealer is com- plaining that he feels the pinch of an extremely narrow margin of profit. Retail price reductions, naturally, have been accompanied by prouonwn ately smaller sales volume, together with a slightly lower consumption per capita. Yet the dealer's overhead and wage costs, in most instances, have not ichanged appreciably from 1929 figures. Margin Too Close. As a result, the National Association of Retail Meat Dealers says thousands of retailers now are making so small a net profit that they would lose money if they were to sell 50-cent cuts of steak, for instance, at 48 cents. Both wholesale and retail meat prlceu | have followed the curve of c generally in the dip to levels unlmo‘n for years, and to @ate there has been little, if any, indi¢ation of an upward swing in the CHicago market, which |governs the Nation's meat prices. |" The drop of approximately 30 per | cent in wholesale prices, which started |in the late Summer of 1929, has been | reflected by corresponding declines in | retail markets, with meats now selling over the counter at prices that vary from 65 to 85 per cent of 1929 fll\lru Compared with peak prices reached in July, 1929, nine kinds of meat products —including steaks, roasts and chops— showed an average decune of 22 pa cent to March this ye according to statistics of the Un\wd sua- Bumu of Labor, During the same period ti average dmptnpricucl melood articles was 21 per cent. * Comparable Prices. !trloln stnk that sold for 44 cents a in Chicago about a year (or enmple. now sells for ‘around 'f’mu In New York the same steak now brln“p u‘%out &o cents a pound, inst 48 or 49 cents a year ago. "8 eal cutiets that sold for 48 cents In it 35 cents early this month, and round steak selling for 48 cents last year has been priced at 42 cents within the luz ‘week or two. P gy WD the st tw 8l ly %hfly in the case of beef lamb, on Last has increased. meats, 131.7 pounds by t.he Bureau of Agricul- tural Economics, against 136.8 in 1929. | That decrease, T, was attributed primarily to the lower production of pork in 1930. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md, May 15_Pota- toes, white, 100 pounds, 1.25a1.85; new potatoes, barrel, 2.75a4.00; tatoes, barrel, 2.00a4.50; 350a4.50; beans, bushel, asparagus. per dozen, 1. crate, 2.25a2.50; cabbage, 11.10; "carrots, bushel, 60a75; uuunm ., | crate, 2.252.50; celery, crate, 1.5083.50; ?punu crate, 2.00a5.00; kale, hlhll. a30; lettuce, h.nmper. zsn beans, 350a6.00; e 1008 4.00; Per oo 75a1.25; 2845; ‘tomatoes, sweet po- ‘barrel, & mu.'a l quart, 8a15. Dairy Market. 0 alive—Chickens, oun{ 33; olgvbens‘ 21a23; mm Ta18; 14a15; ducks, 15a26; guinea- fowl, each, 50a75; ptnonuz pair, 30a: creamery, pound, 22%2a25; Ladles, 19630; Folls. 166 ; process, 21a22; store packed, 14. Hay and Grain. 2 red Winter, export, 85%5; No. 2 md ‘Winter, garlicky, spot, l-"‘i} May, 853 rn—No. 2 dunudc, yellow, 73a74; eob 3.7524.00. ts—White, No. 2, 38a39; No. 3, S'IISI Rye—Ner 50a55. , none. ceipts o hey are ample for ul remnre- ments, there is no surplus of heavy r.lnvzr mixed being offered. Such bring a premium of $1 to wn dependlng on the amount of clover. to good timothy ranges from $24 m $26 per ton. Straw—Wheat straw, No. 1, per ton, 12.00a13.00. Oat straw, No, 1, per ton, 12.00213.00. Live Stock Market. Cattle—Receipts, 200 head; light sup- ply; market steady. Steers—Choite 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; mmflntofllln 3.50a4.00. Cows—Choice to prime, none; good to_choice, 5.00a5.50; medium to good, 4.5025.00; fair to medium, 3.50a4. plain to fair, 3.00a3.50; common to plain 2.00a3.00. Heifers—Choice to prime, none; good to choice, none; medium to good, 6.75a 7.25; fair to medium 6.0026.75; plain to fair, 5.50a6.00; common to plain, 4.50a5.25. Fresh cows and Springers, 30.00a70.00. Sheep and lambs—Receipts, 200 head. light supply; market lower; sheep, 1.50a 4.00; Spring lambs, 8.00a12.00. market h!ghcr. light, roughs, 4.75a6.10; light , 7.1588.00; p‘t“ll .lgeoolpf.s 150 head; light sup- ves—Rece! 1t ply, nurket lower; cnlves. 400:050 BANK OF FRANCE. PARIS, May 15 (#).—The weekly statement of the Bank of France lho'l the following changes in 000,000; bills bought abroad increased 65000000 advances decreased 70,000~ 1,035,000, increased 32,- Rate of dhcmmt 2 per cent. CHICAGO DA!EY MARKET. CHICAGO, llly 15 (#).—Butter, 15,- 718 tubs; reamery extras (92 lm; 24,210 cases; Ponl'.ry—Allu, 1 car, 23 trucks; easy, fowls, 1512a20; broilers, 20a32; l'm 13; “ll’k!‘yl. 20-3! old ducks, 16; Bprlnl PO Sales of American military and com- aircraft and aircraft Cl iber of Commerce announced. The figure is an increase of $36,252 over the lagh yean,