Evening Star Newspaper, May 17, 1931, Page 67

Fl CURB PRICES HOLD BUT MARKET DULL Only 130,000 Shares Change Hands in Two Hours ot Trading. BY CLAUDE A. JAGGER, Assocfited Press Financial Editor. NEW YORK, May 16&—The curb market showed a fairly steady tone today in the dullest Saturday trading of the year. Sales for the two hours were only 130,000 shares. Prices tried to rally in the first half hour, but interest was so stagnant that the attempt was abandoned. Selling pressure . was largely absent, however, Bnd quotations moved narrowly, sagging | 1030 s'ightly toward the close, which was irregular, One of the active issues was General ‘Theaters Equipment preferred, which ralliled more than a point on the 1930 earnings report. The maximum ad- vance was not fully maintained and the issue finished higher. There was a 3 point rise in Parker Rust Proof, but otherwise the specialties did little. Mead Johnson lost a point, Insurance Co. of North America dropped 2'4 to a new low and Stutz Motor sagged 13%. Con solidated Dairy yielded about a point. Aluminum of America was dull but firm. Several of the utility leaders, includ ing Electric Bond, American Super- . St. Regis Paper and Associat>d | Gas “A" sagged by small fractions. United Light “A” was steady. Changes in the oils were narrow. Btandard of Ohio lost a point and WEEKLY FINANCIAL HIGH LIGHTS By the Assoclated Press. Federal Reserv » Holdings (United States): Securities ... . Gold reserve Rediscounts Bank clearings (Final three ciphers omitted in above.) Car loadings, week ending May 2 Crude oll production (barrels)... Stock sales (N. Y. Stock Exchange) Bond sales (N. Y. Stock Exchange).. New financing . g Call money rate. ‘Time money rate.. Commercial paper Electric output weel May 9 (Kw. H).oooooivvvinnnnann 1,599,939,000 This week $1,671,000 $57,896.000 NANCIAL Wall Street Briefs By the Associated Press. NEW YORK, May 16—Fairfax Har- rison, president of the Scuthern Rail- way System, has sailed for a six-week visit to Europe. He declined to com- ment on the outlook for the road, but said that he would not be here for the directors’ meeting June 11, as all de- tails of action to be taken at that time had been concluded before his depar- ture. | — | Ralph der Pope, president of the ! Nurth‘:-en!z‘nrn !Alt‘l)leer Co. Trust of Boston, and Willis R. Pisher, president of the A. C. Lawrence Leather Co. of Peabody, Mass, have been elected to membership in the New York Hide | Exchange. Statistics show that baking has grown | from tenth to second place amons food industries, Josepn Wilshire, :resldem | of Standard Brands, Inc., said. American Air Transport Lines flew 7,427,614 miles in the first quarter of , & copyright report issued by the Aeronautical Chamber of Commerce of Ameroca shows. Express poundage jumped 279 per cent and airmail; poundage 15 per cent. The Chesapeake & Ohio Raflway has | awarded to Boxley Brcs. Co. of Orange, | Va., a contract for construction of a | new double-track_second creek tunnel | and bridge over Greenbrier River, also |a new single-track tunnel parallel to the present Mann's Tunnel. The esii- mated cost of the work is $1.564,500. Standard of Indiana %. Vacuum and Cities Service closed unchanged, al- though the latter duplicated its 1931 low. | Investment trusts were heavy. Gray- mur Corporation and Selected Indus- ries preferred dropped in light trading, | while United Founders went to the new low of 6 before making full recovery. Last week $1,699,000 845% 834% $598,414 $598,351 3,172,277 150,202 9,591,910 759,272 2,475,100 10,200,000 $53,166,000 $37,536,000 1-1%6% 115-212% 214-2%% 1,622,146,000 Year ago $4,007,000 83.6% $527,902 | 3,074.082 210,486 | 9,937,605 | 942,899 2,595,150 15,543.350 | $49,058,000 ll93,513.g29 775,201 1-116% 1-214% 2-2%% 1,639,618,000 | WASHINGTON STOCK EXCHANGE YEAR 1931 (Reported by W. B. Hibbs & Co.. SALES OCCURRING ON THE WASHINGTON STOCK EXCHANGE FOR 1831 UP TO AND | INCLUDING FRIDAY, MAY 15. | BONDS. PUBLIO UTILITIES. Anacostia & Potomac Riv. R. R. Ist Anacostia & Potomac Riv. R. R. gua C. & P. Tel. of Va. 55 1943 Capital Traction 1st 5s, 1947 . City & Suburban Ry. 1st 55, 1048.... Georgetown Gas Light 1st 55, 1961 Potomac Electric Power cons. 55, 1936 103 104 Potomac Elect. Pow. gen. & ref. 6s, Washington Gas Light 5s, 1060 ... Washington Gas Lizht 4'2s, 1937 Washington Gas Light series A 65, Washington Gas Light series B 6s, Washington Railway & Elect. 45, 1 MISCELLANEOUS Columbia Country Club 5%as, 19f PUBLIC UTILITIES, Capital Traction N. & W. Steamboat . Potomac Electric Powe: . Potomac Electric Power pfd. Washington Gas 13 ‘Washington Railway & Elec. com. Washington Railway & Elec. pfd NATIONAL BANKS. Commercial . e Di v i ok Fed.-Amer. Nat. Bk. & Trust SAberi L S Metropolitan Rigss Washingion TRUST COMPANIES. American Security & Trust Continental Eoe National Savings & Trust . Union Trust Washington Loan & Trust BAVINGS BANKS. East Washington SR Security Savings & Commercial Beventh Street Savings Bank.. FIRE INSURANCE. American Corcoran TITLE INSURANCE. Real Estate o MISCELLANEOUS. Barber & Ross. Inc . com. Columbia Sand & Gra District National Secu Emerson Bromo-Sel. ) Pederal-American Co. com.... Pederal-American Co. pfd Lanston Monotspe 2 Merchants' Trans. & Bte. com.... Merchants’ Trans. & Stg. ptd Mergenthaler ................ National Mtge. & Inv. ptd. Peoples Drug Stores pfd. % Real Estate Mige. & Guar. pfd Terminal Ref. & Whe. Corp. The Carpel Corp. ... No Woodward & Lothrop pfd. ...... 100 107 UNLISTED DI Commercial Club Ss b atl. Press Bldg. st S'gs, 1950.. Franklin National Bank ......... 100 700 128 HOW IS BUSINESS? Showing Current Business Activity compared with Same Week Last Year. [T o o [ =] | | TO DATE Hibbs Buflding, Washington, D. C.) . Approx. yield to Open. High. Low. Close. maturity. 55, 1949.. 81 81 81 8L 80% .55, 1940 95 95 95 95 2 103's 103'% 103's 103% 86'; 8T 76'2 82% %0 81 80 8 103 105 103 102% 108% 100 107%2 eee. 104 106% 103% 100 99 1933 . 108 101% 1936 . 107 108% 951. 0% 885% 1953. 101 100 Approx. . AR 10 50 EPARTMENT. GENERAL BUSINESS ACTIVITY for the country indleated by Bank Debits outside New reas show weeks of activity above the corre Black areas indicate declines fro ACTIVITY BY FEDERAL RESERVE DISTRICTS. York City. 8| previous year. actions compared same weeks 12 months earlier. with the week a year " Philadeiphia 18.9% | Cleveland | Richmond 8% 1 — Bt Louis Minng —16.1% + Dallas Kansas City —I85% | _—18. " LEADING B, Showing Trend of important factors, Business in ‘.‘ll).e': 4r|uch:‘ulh‘t=.)‘ Employment ( artment ‘Wages (Department of Labor)..... Cost of living (Industrial Conference Wholesale prices (Fisher's Index).... Agricultural prices (Department of Agricuiture) Movement of goods (car loadings) . tail trade (Federal Reserve Board contracts (F. W. Dodge) . Failures (Du) . . Bond prices (Annalist). Stock prices (Annalist). Stock market volume (shares iraded) . AROMETERS. Present trend. Board) Tow. au % FOR WEEK ENDING MAY Stock and dividend. Acetol Prod A. Aeolian Co pf (7) Aero Underwriters. AfMlated Prod (1.60).... Agfa Ansco pf.. .. Ainsworth Mfg Corp( Afr Inv Ine. vic. Alabama Power pf Ala Pwr cum pf (7). All Amer Gen Corp. Allegheny Gas Corp. Allied Aviation. 4% Allfed Mills. Inc(60c). Aluminum Co of Am Alum Co Am pf (6) Alum G'ds M (1.20). Aluminum Co. Ltd. Alum Ltd A war. . Aluminum, Ltd (B) war. Aluminum, Ltd (¢°) war. Aluminum,Ltd (D) war. % Amer Austin Car Am. Bakeries, A( Am Brit & Cont. Am Br Bo El Fd Sh Am Capital (B)...... Am Capital prpf (6%).. Am Cigar Co. . Am Cit Pwr&Lt(A)(a3). Am Cit Po&Lt B(b10%). Am Cmwlith P A(b10%). Am Com Pr B (b10%)... American Corp (15¢).... Am Cyanamid (B). Am Dept Stores. Am Dept Stores pt (A).. 3% Am Equitte Am ForPwr war. Am Founde: Am Gas & Elec (31). Am Gas & El pf () . Am Investment Inc (B). Am Lt & Trac (2%)..... Am Lt & Trac pf (1%) Am Maize Products (2).. % Am Maracaibo. " Am Meter (3). Am Natural Ga s Am Stat Pub Svc(a1.60) Am Superpowr (40c). ... Am Superpwr 18t pf(6). Am Superpo pf () AmJUtil&Gen (B)vte. ... Am Ut&Gen cum pf(3).. Am Yvette Co (25¢). . Anchor Post F (b10%).. Anglo-Chilean Nit, . Appalachian Ga: Arcturus Radio Tu Ark Nat Gas. Ark Nat G . Ark N G cm pf (80¢).... Arkansas Pwr&Lt pf(7) Armstrong Cork (1).... Art Metal Works (60c).. Asso Elec Ind Ltd(30¢c). Asso Gas & Electric. 74 Asso Gas & Elec A (a2 Assoc G & El war. . Asso Gas & Elec ctfs( Asso Rayon....... As=o Rayon pf cod (6) Asso Rayon pf (6)...... Asso Tel & Tel A (14%). Atlantic Coast Fisheries Atlantic Frult & Sug. ... Atl Secur cum pf ww (3). Atlas Plywood (2). . Atlas Utilities Corp. Atlas Utilities(war) Auto Vot Machine. ..... Auto Vot'g Ma cv pr pt.. Babcock & Wil (7).. Bell Tel of Can (8 Bell T. of Pa. pf.(6% Beneficial 1L (1%) Bickford's, Inc (1.20). Bigelow-Sanford Carpet. Bliss Co (EW) (nl1)..... Blue Ridge Corp........ Blue Ridge conv pf (a3). Blyn Shoes, Inc. : Bourjois Inc....... Brazil Trac & Lt (b8%). Bridgeport Mach (25¢) .. Buckeye Pipe Line (4).. Buffalo, N&EP pf(1.60) Buft Niag& EP 1st pf(5). Bulova W ev nf (34). Bunker HIll&Sull (3) Burco, Ine.. 4 Burco, Inc, wa Burco, Inc ev pf (3). Burma Ltd rets t27 3-5e. Butler Bros . Buzza Clark Inc Bwana M Kubw Cep.. Cabl & W Ltd. A rets. Cabl & W Ltd. Brets. ... Cable&Wire pf rets 19¢. Canadian Marconl...... Carib Syndicate. Carnation Co (§1%).. Celanese Corp pf (7) Celanese 18t pf (7). Cellulotd Corp. . Cent Hud Gas&El (80¢). ent Pub Sve. Del. . Cent Pub Sve A(10%)... Cent Pub Sv pf (6). . Cent & Swn Utll (b7%). Cent States E1 (b10%) ... Cent States El pf(§)xw. Centrifugal Pipe (60c). Chain Stor Development Chain Stores Stoc! Charis Corp (13) . Chat Ph Aln.v (1). Chesebor Mfz (1415 ¢ Chief Consol Mining Cities Service(gifc) Cities Service pf (6). les Ser pf B (.60).. Cities Serv P & Lt pf(6) Cities S Pr & Lt pf (1) Claude Neon Lights,Inc. Clev Elec Illum (1.60).. Cleveland Tractor (80c). Cohn&Rosenbergerl nc, Colombia Syndicate Colon Ofl...... Colts Pat Firearms 1%... Columbia Ofl & Gas vic. Colum Pict vic (£1%). Com’wlith Edison Comwlith & Sou (war). . Com Pow & Lt 18t pf (6) Com Wat Ser (g12%¢).. Comstock Tunnel....... Consolidated Afrcraft... Consol Auto Mer ctfs. Consolidated Copper. . Conso) Dairy Products. . Consol Gas Balto(3.60).. Consol Gas Util A(2.20). Consol Gas Util B. v.t.c.. Cons M &S (112%) Consol Retail Stores Consol Royal (30c) Contl Gas & El pr p! Cont Shares conv pf. Cont Shares pf (B)... Cooper Bessemer . Copeland Prod Inc A Cord Corp..... . Corp Secur of Chi (b§% ) Corroon & Reynold: Cosden Of1 - Creole Petroleum. + Cresson Consol (4c). Crocker Wheeler. .. .. Crown Cent Petm (new). Crown Cork Intl A ((1). Cuban Cane pr opt war. . Cuneo Press (2% )...... Curtiss Wright war. Cusi Mex Minin Darby Petroleum Davenport Hos (2) Dayton Airplape & Eni Tieere & Co (122 De Forest Radio. Derby O1l & iefin. ... Detroit Alreraft Corp. Dictaphone Corp( 2) Doehler Die Casting. ... Douglas Aircraft (t1%). Douglas Shoe pt. . Dow Chemic: B Dres (S R) Mfg,A (3%). Dresser(SR)A cod(3%). Dresser Mfg (B) (2). Driver Harris (new) Dubilier C & Radio Duke Pow (5) . Duquesne Gas ¢ Durant Motor East Sts Pow B (1)..... Eastern Util Asso (2) llr;num Utl] Asso o Elsler Electric Corp. ... Elee Bond & Share (b6). ® Bond & Sh uf (6)..., FElec Bond&Sh cu pt (5) Elec Pow Asso (1) Elec Pow Asso A (1) 121 P & L opt wa; El Sharehold (b§ Empire Corporation ) Gas&F cm nt(8) Empire Pub Sve (A).... STAR, WASHINGTON, (BN T1+1+1 [EEES R RN FHFEPL kRt L0 1% +41 ANREENE L3S N B 2 FE & s2F 2 #2 F O FrEFES 2 1% 29 28% - S Stock and dividend. Empire Steel Corp. Engineers Gold. . Europe Elee, Ltd A (60c) Euro Elec, Ltd Evans Wall Lead, Fageol Motor. Fansteel Prod.... Federated Capital. Federated Cap cum pf Federated Metals....... 4 Fiat rets (94%e¢). Fin Corp, Balto A (80c) Fire Assn Phila (1.60) Fischman & Sons A. Florida P & L pf(1).. Foltis-Fischer Corp. . Ford M Can A (1.20) Ford Mot, Can B (1.2 4 Ford M France p28c. Ford Mot Ltd (36 3-5¢).. Foremost DajryProd. ... Foremost Fabrics. ..... Foundation For Shi Fox TheatersClassA Qen Alloys General Aviation General Cable war...... Gen Elec Ltd rcts(p70c) . Gen Empire Corp (1) Gen Fireproof (2)... Gen Gas&El cv pf B (6). Gen Laundry Machine (Gen Thea Eq cv pf (3)... n Tire & Rubber (3). . GeorglaPowerpf(6). Gilbert tAC) (1).. Glen Alden Coal (4). Globe Underwr (15 Godschaux Sugar B. Gold Seal Elec new Golden Cener Golden State Milk. .. Goldfield Cusolidat Goldman Sachs T C Gramaphone rets (p1) Gray Tel Pay Sta (13) Graymur Cotp (1) . Great At&Pac Tea nv(6) Grt A&P Tea pf (7). Groc Strs Prod v.t.e. Guardiau Invest. Gulf Ofl of Pa (1%). Hall Lamp (40e). Hamilton Gas rets. Happiness Candy . Hecla Mining (40c). Hires (CE) Co A(2) Hollinger Gold (65¢). Horn&Hardart(23%) Hudson Bay Min & 8 Humble OIl (1214) Hydro Elec Secur (1.40). Hygrade Food Prod. . 111 Pwr & Lt pt (6) Imp Ol of Can (50c Imp Tob Can (35c) - Imp Tob Gt Brit (+7%¢).. Indiana Pipe Line (1)... Ind Terr 11lu Ofl (A) Insull Inv (b6%)....... Ins Co of No Am (12%) . Insurance Sec (70c). . Intercont Pete new. . Intl Hydro cv pf (3%).. Intl Petroleum (1) . Int] Products....... Int Superp (+1.10)...... Int Utilities A (3%). Internatl Utilities (B) . Internatl Utilities(war) Int Util pt pf (7). i InterstateEquitie . Interstate Equ cv pf (3). Interstate Hose Mills. i Interstate Power pf (7). Irving Air Chute (1) Irving Air Chute (war). Iron Cap Copper. Isotta Fraschini 1.06. Italian Superpowr A Ital Superpower war Tonas & N cum pf. ; Kings Co Lt cum pfD(5) Kirby Petrolenm. .. Kirsch Co pf (1.80) . Klein (D E) Co (1) Klein (H) pt pf Kilefnert (1 B) Rubber Kolster-BrAm shs).... Kress (SH) sp of (60c) . : Lackawanna Sec (4) Lake S Mines (1.20). . Lefcourt Realty 1.60 LefcourtRIty of(3). ... Lehigh Coal&Nav(1.20). Leonard Ofl. . Lerner Stores (2). Libby McNelll & L. Lily Tulip Cup 1% Tone Star Gas n (88¢) Long Island Lt (60c). Long Isl Lt pf (7). Long Isl cupf B (6). 1.0s Ang Gas & El pf(6). Touisiana Lan & Ex. Lucky Tiger. .. 2iacMarr Stores (i MmzdalenaSyndicate Mangel Stores pf. . Mareoii Int Mar (.367).. Margay. .. Siieen Marion Stm Shovel. Mass Util Asso. Mavis Bottling (A)..... May Hos cum of (4). ... May Radio & Telev (1) Mayflower Asso (2). Mead Johnson (14) Memph N G Co (60¢). Mesabi Iron ... Mesta Machine (2) Metal & Mining, Inc. Met Isdison pf (6). Mexico-Ohlo Of1. Mid Sts Pet v.te. A Mid Sts Pet v.te B..... Mid West Sts Utll (1%). Mid West Utll (b8%). Mid West Utll B (w1.).. Mid Royalty ev pf (2) Midland Sti Prod. n (2).. Midiand United (b6%).. Midvale Co (4). - Mining Corp of Can. . Minne-Honey pf (6). Mo-Kan Pipe Line (A).. Mo-Kan & Pipe Line (B) Miss River Fuel bd rts. . Moh Hud P 1st pf(7)... Montecatini deb rt Morris Plan Co(2.40). 4 Moss Gold Mines. . . Mountain&Gult (4c). ... Mountain Products (1). Murphy Co (1.60). Nachman Spring Nat Amer Co. National Aviation. . Nat Bd & S Corp (1). Nat CC A pf (165c)..... t Dairy Prod pf A(7). Nat Familv Stores. 5 Nat Food Prod (B) Nat Fuel Gas (1) Natl Pwr & Lt pt (6) Nat Pub Sy B(12.20) Nat Service Co. NatS T Sec A ($506). Nehi Corp (60c). Neisner Bros of (7). . Nevada Cal El pf(7).... New Bradford Ofl (28¢). 4 New Eng Pow pf ) New Eng Pub S pf pl(7) New England T& T (8). New Haven Clock(1). New Jersey Zine(13) . New Mex & Ariz Land Newmont Min (4). . N Y Hamburg (214) . N Y & Hond Ros (t1%). N Y Steam new (2.60)... N Y Transit (1).. Niag.-H. Power (40¢) . iag.-H. Pwr A war.... Niag Hud Pwr (B) war. Niag.-Hud Pwr C war Niag Shares, Md (40¢). . Nile: lement-Pond (2). Nipissing (30c)..... Noma Elec Corp (40¢). . Nordon Corp Ltd....... Nor Am Aviation A war. North & Sou AmCor p A Nor European Ofl Corp. . North Stat Pwr A(8) Nor States Pwr pf (6 North § Pow pt (1), Northwest Eng (2). Northw Yeast Co 12). Novadel Agene (4) Ohlo Copper I3 Ohio Power pf.(6). . 4 Ohio Pub Serv pt A (7). 26% 19% Outboard Mot (A). . Outboard Mot B, Overseas Sec. Pac G & E 18t pf (1%) Pac Pub Sve A(1.30)... sAFL YL 00t I R R AR bk m SEAR AR & | Smaller than for the preceding week Stock and dividend. Pac Western Oil. Pan Am Airways..... Pandem Oil. . Pantepec Oil. Paramount Cab Mfg Parke Davis (11.45). Parker Rust Pr (3). Patterson Sargent (2). . Pennroad Corp (20c) . Penn Mexico Fuel. . Penna Pwr & Lt pf(7) Penn Salt (3) Penna Water & Pwr (3). Peop L& P A (2.40). Pepperell Nifg Co (3).. Perryman Electric 4 Philip Morris Ine. ... L Philip Morris (A). . 104 Phoenix Secur Corp..... 1% Phoenix S C pf (3)...... 24% Pilot Radio Tube(A).. 22 Pitney B Posn(20c).... & Pittsbgh & Lake E(110). 1001 Pitts Plate Glass (2). 3 Plymouth Oil (1 . % Polymet Mfg. . . B4 Powdrill & Alex (2).. 29 Pratt & Lambert (4).... 36 Premier Gold (12¢) : % Producers Roy Corp.... 2 Prudence Co pf (7). 65 Prudential inv 10% Prudential Inv pf(6). ... 87% Pub Sve of Nor 111 pf(6). 130 Public Util Hold war. .. Pub Util Hold Corp xw. . Pub Ut Hold cu pf(3). .. Puget Sd P& Lt pf (5).. Puget Snd P & Lt pf (6). % Pure Oil pf (6). Pyrene Mfg (80c). . Radlo Produc " Raiiroad Shares(40c)... 3% Rallway & Lt Secur (13). 381% Rainbow Lum ProdA. .. Raymd Concrete pf (3).. Red Bank. . . High. 6% 4 3015 B8, Reliance Intl (A).... Rellance Int Corp(B)... Rellance Management. . Reybarn Co. .. Reynolds Invest. . ... Itichfield Oil of Cal pf. Richmond Radiator. Richmond Rad cum pf. . Rike Kumler (2.20), Hoan Antelope Mins R'kland Lt & P (30c Roosevelt Field. Ine. Root Refining cv pr pf. . Rossia Intl Corp. . Royal Typewriter(3). Royalty Corp pf... St Antony Gold. . St Regis Paper (1). Salt Creek Prod (1.40) SEReECoL i chiff (The) Co 12). chulte Real Estate % Schulte Un e to$1 § Seaboard Utilities (5 Secur Corp Gen (40c) i Seeman Brothers (3). Segal L & Hwde(50¢c). Seiberling Rubbe; Selected Industries. Sle Ind full pd (51) Sle Ind prior (51). .. Sentry Saftey Control. . Seton Leather (T)...... Shawingan W & P (234) Sheatfer Pen (13). . Shenandoab Corp. Shen Corp pt (a3). Signature Hosfery Co. Silica Gel ct. Singer Mfg e Sing Manuf Ltd((p23c). Smith (A 0) (2).. Solar Refining. South Am Gold&Plat. .. South Penn Ofl (1) SoCalEdpfA (1%).... So Cal Edis pf (B) (1%4) Sou Calif Ed pf(C) (1%) outhern Corp. 4 SouthernNat Ga . 1% 4 Southn New Eng Tel(8). 170 Sou Pipe Line ( B 1 suthland Rovalty (60e) 4% 1 u West Bell Tel pf(7). 1217, 121 MIAY 9 REPORT HAS ; outlock for the near future is pesst- mistic. The silver exchange market is | unsettled, with a small | transactions. A special session Not Encouraging. By the Associated Press. 25 ’ bill, I lower; AR AE AL SRS ER GRS A more pessimistic trend in world | Prices in years; period ended May 9. City, increased materially over the pre- ceding week, the volume being the largest since the second week in Janu- 9y o ¥ & s TFEEEFEER called Dividend ra: annual pasment & Pavable in cash Plus 5 S Plus 270 1 isteek! n Plus 87 in stock. D Pai | dend. stack. Stock and dividend. Sou West Dairy prd pf. 10% 1 1 So West Gas Util. 3 Sou Wn G&E pf (7) 9 Spanish & Gen rets. Spieg May Stern pf..... 1 Standard Holding Corp 5 Stand Invest cum pf. Stand Motors. Stand Ol of Ind (2) Stand Oil of Ky (1.60). Stand O1l Ohlo(2%). Stan Pow & Lt pf(7). Starrett Corp pf (3)... Stein(A) & Co (1.60). Stein Cosmetics Ine etson (J B) (4). romberg-Carl(1%) utz Motor Car n. witt & Co new (2).... wift Internat (3) Swiss Amer El pf(6).. ‘aggart Corporation. lor Milling (233). ‘echnicolor Inc. . ech Hughes (60c). . »xon 011 & Land (1) hatcher Sec Corp. Todd Shipyard (4) ‘Trans Air Trans Trans Lux DL P S. Triplex Safety Gla Tri-contin’l Corp war. Tri Utilities (31.20) Tubize Cantillon (B). Tung Sol Lamp (1). Ungerletder Fin Corp Union Am Invest. Unit Amer Utilitie UnNat Gas of Can t1. Union Ofl Assoc (2).. UnionTobacco..... Utd Carr Fastener. Utd Chemical. .. Unit Chem pt pt (3) Unit Corp war. Unit Dry Dock... Unit El Ser pur wai Unit Founders Utd Gas Corpn. United Gas war. United Gas pt (7). Utd Light & Pwr A(1).. Utd L & Pwr (B) (1). Utd Light & Pwr pf ( Unit Milk Prod. .. United Profit Sharing. .. Unit Shoe Mach (214) U'S Dairy. A (5) Dairy B....... Eleec Power ww. U S Finishing. . ’ 8 Finishing pf. 8 Foil Co B (50¢).. U S & Interntl See US Inter Sec 1st pt. Lines pf (1)... S & Overseas war. .. U S Playing Card (2%) Unit Stores. ... Unit Verde Bxt (2). Universal Ins (1% Utah Pwr&Lt pf (1) .. Util Pwr&Lt (a11.023) . Ut P&L B(at1.02%).... Utility & Ind. . Util & 1nd pf (1%). Utility Equit e Utility Equity pt (5%) Vacuum Ofl (2). Van Camp Pack. Vic Finan Corp(40c). Walker (H) (50€)..s.u.. Walker Mining. .. Wayne Pump. , West Alr Exp (80¢) Western Md pf. West Mass Co Biss Western Power pf (7).. W1l-Low Cafeterias Wil-low Cafe pf (4) Wright Hargrav (10¢) .. “Y" Oll & G Yukon Gold s in or stock. b Payable fi“ stock. & Plus 6% in n stock. k Plus 10% 0% b 514 % 8% 6 +14+1+11 (| [RENA] (A e o R & F FiF FoES ¥ | | been no substantial change in wheat prices on the Winnipeg market. In Mexico the depression continues | unabated, and sentiment regarding the ! the organic law of the federal will be considered. SR STOCK MARKET CHICAGO, May 16 (#).—Cattle— Receipts, 300 head; & ago medium weight and weighty steers, decline uncovering lowest | meaning that [l e liberal suj .. | buliocks offered; ext business is noted in the weekly re- | heavies selling "t 7.00a8.00: port of the situation prepared by the | and light steers of yearling ty Department of Commerce covering the | to 25 higher: light heifer and | yearlings, 25a40 higher; Bank debits, outside of New York | most: best long yearling steers, heifer yearlings, 8.35; she stock, uneve butcher heifers, 25 hij strong: heavy cows weak and low cutters ary, but still under the corresponding |and cutters 15825 lower: week last year. Total loans and discounts of Federal Reserve member banks were slightly and under the same week in 1930. In- terest rates for time money were the same as for the previous week, and call money rates remained on the same level as recorded for the previous three weeks. Both time and call interest rates were materially under this time last year. Stock Average Higher. Average prices for representative stocks were slightly higher than the week previous after a continuous down- ward trend which started during the | last week in March. Stock quotations, however, were materially under last year. The number of commercial fail- ures as reported by R. G. Dun & Co. | were more numerous than during the previous week, and exceeded the figures for the corresponding week last year. Wholesale prices, as measured by | 8.50; de 11.2: 26.90; Hogs—Receip few mixed, lower; vealers, 50 highes feeder trade very narro steers and yearlings, cost this week being 3 Sheep—Receipts, 2,000 head; today's market nominal; fcr week 94 doubles fi;gltn feeding e;utlons. 20,600 head di- Tect; compar week fat lambs mostly 25a50 lower; o X ply smallest of seaso: other markets, howe factor; weeks top, 6.4086.70; mest packing sows. 5,008 15 Fisher’s composite index of 120 com- | ootoao-T0; Mst packing sows, 5.60a5.75: modities continued the decline which | fOTPAred week ago lightwelghts, 10a20 has been under way since the third | onasey SIKILNONS ORION lower: ess has been by presidentia Is:cm for May 22, when Lhm' l:bor the foreign debt and | means of counteracting the decline of pepaflment of Commerce sovernment revenues and cl in 'Statement for Weekly Period | | CHICAGO LIVE compared week bulls, 10a15 | years. While the 6.75a8.00; average around 7.45. open market. sup- diversion from |in er, & depressing old lambs, 9.85; none above 9.25; late bulk, good and choice wooled lambs, 8.75a9.25; clippers, 8.00a esirable native Springers, 11.00a thin lightweight kinds down to 8.00; Californias, 10.00a11.10 through- out week; fat wooled ewes, 3.00a3.75; shorn kinds up to 3.40 early in week. ts, 6,000 including 5,000 | direct; run mostly direct; not enough fresh hogs to form basis for dependable quotations; few sales 10a20 lower; most volume of Living. istrict Special Dispatch to The Star. This seeming mixed | of business and the Hght kinds up | employment. The consequent movement of urban uneraployed during 1930, says the insti- igher; light cows |tute, has resulted in an Meanwhile, the ave without board, time is $1.80, wages & 35 per cent drop in the Broducts. The widely adtocat week In March, reaching the lowest | SHIPPErs took no hogs today; estimated | enough to make a profit. point so far this year. tionally from the previous week, and | Welghts, Both prices 7.10; heavyweights, The prices | holdover, 2,000; light lights, good and | | - | choice 140-160 pounds, 6.9027.10; light- | hard the boys tr: | of agricultural products declined frac: 160-200 pounds, | up as the boys tryin non-agricultural prices declined to a | Medium weights, 200-250 pounds, 6.80a ! slightly greater extent. 250-350 pounds, | “Well, 6.90a7.10; | living out of exchange 'MANY CITY PEOPLE TAKING UP FARMING Past Year Witnessed Turn in Tide Due to High Cost of Urban Mot High. Low. Close. Chge. 1% % FEEEER @ & FERE REEFE RER 5] B CEE eNEn & a - - NEW YORK, May 16—High city ‘wages are driving people to the farm, says the Alexander Hamilton Institute. x is ined as Hhah wages ariibcialy nes pply weighty | cessitate high retail prices for finished yearlings by the unemployed and the farmers, 'Pe, strong | thereby reducing the physical volume opportunities for of farm population for the first time in 10 number of persons leaving farms exceeded the number | moving to farms, the difference was so small as to be more than offset by the excess of rural births over deaths. erage daily wage, received by farm labor in the United States at the present as with $2.43 in the middle of 1929. This reduction has been made necessary by of farm PROFESSIONAL FINDS HE ISN'T SO HARD UP, Speclal Dispatch o The Star. medium and good, 150-220 pounds, 6.50 | sh; tio) ns,” ivocated wage maintenance policy has thus been & fllt"{:,l:m in the agricultural division of . Exc] and who make their living out of 1 and 2 point prof- its, complained today that some active leaders would not move either way far even at that we are not as to make a luctuad |commented a trader. “Look at this. Tt was the ticker report on Canadian were materially under the correspond- | 5-2586.90; packing sows, medium and | Exchange and read, “Montreal funds ing week last year. A drop was wit- nessed in the price of electrolytic cop- per and iron and steel, while the price of cotton middling advanced slightly. All these were materially lower than in_1930. For the period ending May 9 increases over the corresponding period in 1929, two years ago, occurred in bond prices, Federal Reserve ratio, net demand de- posits, time deposits and number of business failures. Trade in the Argentine continued dull. The 5 per cent duty recently im- posed on imports of d stock has been removed. The previous decrees allowing the importation free of duty of news print paper destined for news- | papers have been extended. Sales of radios have increased, but are still be- | low the level of the corresponding | period of last year. Sales of yarns for duck weaving were fairly good, but sales of other carded and mercerized yarns continued rather dull. Milreis Declines. In Brazil the milreis exchange de- clined to the record low level of 16 milreis to the dollar, as compared to a low level of 14 milreis 500 reis to the | dollar during the previous week, with a tendency toward a further weakness, this decline being chiefly attributed to the heavy purchases by the government | of foreign bills with which to meet its foreign debt service. All lines of busi- ness continue to be acutely dep: | with the situation being further accen- | tuated by the political dissatisfaction of | the various states. improvement and g:tafl trade. There has Today Previoy Week good, 275-500 pounds, 5.! Good and choice, 6. prices were nominal. 26.00. 65a7.10; all outside | 999375, off .00015625. Plgs—|1/16 of 1 per c (Copyright, 1031.) STOCK AND BOND AVERAGES us’day. ago. By the Associated Press. SATURDAY, MAY 16. STOCKS. discount, or