Evening Star Newspaper, May 28, 1931, Page 15

Market Trend' Continues Ir- regular—Utilities and Oils Are Features. BY JOHN A. CRONE. CHICAGO STOCK MARKET By the Associated Press. 1 » g5 fl?. *-;="‘ Sy S8 > ! o ! E2 STt R ES SHSE SR 1 FEF £ & TR o o 52 S P o &R 2 Nt a8 - N i i 223,28 R » L1 R s3asgsa TN :\:::3;!:‘-‘:832::.-!.!-8.38 5 o A l%::sull o 40 al b BALTIMORE STOCKS. Special Dispatch to The Star. ¥ FF BoEETNC! sssee ¥ i s rlec income | 122% 117 GrtA&PTpt (7).. Aluminum Co of Alu Co of Am pf (6). Aluminum Co Ltd. .. Alum Ltd A war.... Am Austin Car., Am Capital B . Am Cit PAL Bb10%. Am Com P A (b10%) Am Com Pr B(b10%) 6% Am Cyanamid B. Am DT NJ cv pt Am Equit Am For Po AmFork & Hoe 1 » = RoaSmwoanmm - aoBua Ark N G cu pf (60¢). Assoc El In Ltd 30 Assoc Tel Ut Atlas Util Corp. 1% Bahia Corp. 1% Bahia Corp 14 Beneficial IL (1%). 3% dlue Ridge Corp. 30% Blue Ridge cv pf a: 13% BrasTr& Lt (b3%). 1% Canada Marconl. 2% 3% Carib Syndicate. = 101% = BaNN~aD Suapmn BuSwe Car Pow & Lt pf (7). 1434 Carrier Corporation. 68% Celanese Cp pf (7) 9% Cent Pub Sv Del 12% Cent Pub SvcA b10% 16% Cent&Swn Ut (b7%) 7% Cent 84 CentStEl 6% Centrifug i Stores 13% Chat Ph Aln.v. 9% Citles Service 65% Citles Serv pf ( 78 CitSYP&LDE (7).. 4% Claude Neon Lts, Ine FE. v 8 10% ¥% 3% = LTS Curtiss Wright war.. BB Forest Radlo, ... % Detroit Aircraft Cp.. 85 Dow Chemieal (2)... 27 DressSRA (33%)... Dubilier Cond & oo PN 5 1 1 Os u 2 1 4 E] 1 1 2 1 3 Electric Corp. 35% Hieo Bond & Sh (b6). 108% 102% Elec Shptf (6)..y 97 89% ElecB&Shcupfs.. 12 Elec Pow Assoc (1). 12 Elec Pow Asso A (1) 17% Elec P& Lt op war. . 72 ElShareh pf (a6%). % Emp Corporation. .. H EIRSTPY 1% Empire Pub 8ve (A). % Emp Steel Corp. 1% Fairchild Aviation.. 25 Fajardo Sugar...... 12% Fanny Farmer C (1). 10% Fiatrets (94%c).... 6% FlintkoteCo A...... 99 FloridaP& L pf (7). 14% Ford M Can A (1.20) 25 Ford Mot Can B 1.20. 11% Ford Mot 1.td 36 3-5¢ % Foremost Dalry Pr.. 2% Foundation For Shs. 2% Fox ThesterClA... . 5% Gen Aylation....... 3% Gen Elec Ltd (p70c). 20 Gen Fireproof (2)... 50% Gen GEE cv pf B (6) 2504 5% Gen The Eq ov pf(3). 30% Glen Alden .. 7 Globe Underwr(1k /. % Gold Seal Elec new. ., % Golden Center...... 19 Gorbam Mf vte (f2). 18 Gorham Inc pf (3).. 11% 6% Goldman Sach T C. 29% 19% Graymur Corp (1) 1 260 117% Gt At&Pac Tea nv(§) 10s 308 -y JTO0NE J T | shmeas < | 1 (ST 76% 424 Guif Oflof Pa (1%). 2 % HappinessCandy... 7% 4% Hecla Mining (40c). 8% 6% Hollinger Gold(8bc). 3% Hudson Bay M&S .. 51% Humble Ofl (¥8%).. 16% Hydro Elec Sec 1.40.. 2% Hygrade Food Prod. 86% Il1 Pow & Lt pf (6).. 9% Imp Ofl of Can (50¢) 11% Indiana Pipe Line(1) 5l Industrial Finan ctfs 5% Insurance See (10¢). b« Intercontinent Fet n 40 IntCigar Mach (2%) 41 Int Hydrocy pf 3%. 9% Int Pefroleum (1)... 341 Int Utliities A (33). b% Int Utilities B . 94 IntUtiiptpt (7).... 508 79% Interst 2% Iulian Leh Coal Leonard Lily Tul Mead Jol Midvale Mo-Kan Mo-Kan % Monteca Mont Lt NatSugarNJ (2)... New Eng Fuel new. . New Eng Pow pf (6) 200s NewEng T& T (3)..5028 2 T9% 182 36 Niag Sh Nipissin Noma E! Nor Am Nor Am PacG& % Phoenix Phoenix Pub U1 Pure O11 4 2% Relected 2 1 17 7% 8W Dair; 6% 3% B W Gas 38, 23 23 Stand Of 36 Sun Inve: 44% Todd Shi, 2% Tri-Cont 69% 30% Vacuum Vi 5 Vie 29% 16% Wal % 521 22% % 41% Welch G 15% Wilson J Dividend rates In nusl payment. *Ex di 8 Payable in cash or Pow pf (7)... 10 Superpow A, 106% Jer Cen P&L pf (7).. Kirby Petroleum.... Kleinert(1B)Rubber Kolster~Br (Am Sh). Koppers G&C pf (6). 7 Lackawanna Bec Lone Star Gas Long Island Lt Loutsiana Lan Mavis Bottling (A) Memph N G Oo (80¢) Mesta Mexico Ohio MiaStPet vio A.... AMid West Ut (b3%). Mid WSt Ut (1%). MidStProdn (3)... Mining Corp of Can., Minne-Honey pf (§). 1 D: Mountain Prod (1). Nat American Co Niag-Hud Pow B w Niles-Bem-Pond Nordon Corp Ltd Nor Europ Oil Corp.. Nor St Pow A (8) % Ohlo Pow pf ( Otlstocks Ltd A Pac Western Ofl..... Pllot Rad Tube A, Pitney BPn (20c).. Pub Utll Hold Pyrene M{g (30 2% Q RS-De Vry.. Radio Products. Rainbow Lum Pr 6% Saxet Co..... 17% Schiff (The Co (2) 3% Seaboard Seg Lock & H (50c) . 4% SeiberBng Rubber. .. % Tran Con 6% Trans Lux DLPS.. 5% Triplex Safety Glass 17 Tri Utilities (31.20).. 3% Tubise Cantillon (B) tores. Unit Verde Ext (3). % Utah Apex. .. % “Y" Oll & Gas . 13 | dividend. fPlus 8% in stock. | stock. i Plus 3% in stock. kPlus 10% in stoek. m | stock. n Plus 8% In stock. P Paid last year—no regular rate. Sl Direet to The Star Office D. C, THURSDAY, MAY 28, 1931 NEW SECURITIES NEW YORK, May 28 (#)—New secu- Titles offered today include: Nebraska Power Co., $16,500,000 first mortgage 4% per cent bonds, due June % |1, 1981, priced at 102%; and interest, s 1 3 1 10 58 g $53-- 8y b % ® 3 - ve - & 1 & Nav 1. on... ip Cup (1 g g H PR -1 32 EEs hnson (14).. 22 ne (3).. Oll. [STOPTS TP T T Co (4).. Pipe L (A). Pipe L (B). 1 tini deb rts. 3 H&P (1%). 1258 - CE T IST Md (40¢) Fiks lec Cp(40¢) AviatA war. Uil See. ) Bistpfi1%. 4 1 5 s Parker Rust Pr (3). ‘¥3. Patterson Sarg (2).. 50s Pennroad Corp (20e) 43 PennaGas& Elec A.. % Penn Wat & Pow (3) 40) Becur Corp.. SCpf(3)... war.. Hold Cp xw Df (6). | g TP | - CMaiE Otil (60¢).. can® ESS Industries. . onnnonanswelalownnels o Bonnnan - yptww.... 108 Utilities Stand Ofl of Ind ( 15% Stand Oil of Ky 1.60.. 1 Nebr (3).. 18% Stutz Motor Car. ... st pt (3). 6% Technicolor, Inc 6% Teck Hughes (6! 108 Tenn EIl P 1st pf (7). 26s 31 pyard (4)... Alr Tean. Corp war 21% Ungerieider Fin Cp.. Un Nat Pe52Buirn rnmnnnn - o EOT T T - TT b g Ol (D)..... ¥inan Corp(40e) 1green cosoee 4% Walker (H) (50c)... 1 Jut2i 80s a%).. 3 s 10 1% based on last quarteriy or semi-an- 1Partly exira. IPius 4% in stoek. Paysble in stock. e Adjustment lus 6% in steck. h Pius 1% in us 3% in 4 1 doliars. vidend. stock. [VIRGINIAN RAILWAY CO. | EARNS 90 CENTS A SHARE | Virginia Railway Co. reports for four manths ended April 30, 1931, net in- come of $842,276 after taxes and charges, equivalent after dividend re- quirements oh 6 per cent preferred to 90 cents a share on 312,715 of common stcck. This com- per's with $1,533,181, or $3.11 a com- mon share in first four months of pre- year. net income was $177,679 after charges, against $317913 in 1930. Statement for April and four months as follows: 1931 1930 oeone §1,187,079 $1,445,473 . .. 412385 566,073 Sur. after charges. 177670 317913 4 months' gross .. 5,164,232 6,205,448 1,893,516 2,576,745 842276 1,533,181 price % a reduction of $20,000 from the pre- transaction. This com with 3 1931 peak price’ of $323.000. reached ‘upturn stock prices Pebruary. Last ber, homer.l': Decem| -uxz sold as low as $186,000. n ness in periods of com; ‘marke! dullness such as that &.mm"g'“f commissions charg :zm ed mmwnnvnu:':r cominisstons, |+ Do mean smaller e — DULLNESS STILL RULES line IN MACHINE TRADE Special Dispatch to The Star. NEW YORK, May 28.—Trading activ- ity in the country's machinery and ma- chine-tool markets continues to pre- CHESAPEAKE BEACH GETS TWO STEAMER LINES ‘Two steamship services will be oper- sent a picture of unrelieved dullness. w Demand is light and irregular, with no decisive change visible in the imme- diate outlook, American Machinist re- A few orders lightened the monotony of an otherwise quiet week in York markets. A school list .u":.': 1 lisf news from Detroit served to Detrolt ftself - BN country now more of the world's 3 yielding 4.37 per cent, by a group O?OHHGL forris County, N. J., $1,086,000 3% per_cent bonds, due June 15, 1933, to 1957, inclusive, priced to yield from 240 to 375 per cent, by a syndicate headed by the First National Bank. 5§ 3 ¥ 3222z ===i§§§ FEFS (i N FEF SRS S JEEERE § ,§§§ B 2 e 5 ch 0. ‘-"a‘&u 58 1852aganese r3:31855ssa303F 0 %025 5s S&EF 8488 Q 2o 82 2RER38323R N 338235823832288% FEEHT SRS Op oy r ) $ HRE SC8de 85u88%>a8820 3 H et >4 § (3 WEEEFES - = I e . 7 e - i E? e & 222353328583 s Bueds- =e i ) - "V o o, t:13 S8 o >E5ES88: TELE FETES Tt & 82883t gsaneiss2gas FEF TP ¥ SOF FEF 33 ooy ’.g» wnpnBuuolholifoutol nEH . 2% Q' a;g? 223 5 050 g e =. D 2 ¢ peried 33223833 3535 P 5 S8 2R a2 S e So S e nSan it w el £ EEL S35S, FEFE N - 5 3 6883, & i Roe! 5 20 I35 11 geadaneaBsssan i g 55 SatEs of ey LT 1 T - 7 & o i ey =& 33222858 SRen23R33si TS T LEE = g ¥ FoPF ) i 780w ers H R e sgEedE £ o 8228333833 FE W 3382 2§58 FEESE = 3 = 8388803728 [ ._-553“_ S SRR N 3 Bgwalt (P 53 35!.!882 Fid S ) s®, Cosie SxarisiSensnizeramaien 3 2RI 2322228828 21S! e >gopfsirisd. FFFF S5 SREF EFSES T8 . o eiEi FEE il ol i B B iy v > Sud>>>a> - e g 3SeeSeaeeSEeansesst 55 S5338entanstinesnsatl 52 555 35 P P S32222358 §§==:::s==:2s§§us:s:szs;:§:::?§_ S - SRS222e> 2N T s o i GRS LG i G s SS oo i i B ¥ ES F8S e aauBn B uon i Cakve: §g‘«« 5 28! S5 88 = 28823388233 SRR Sen S83832 Seee- RS ede] .rn‘d.ll i * Bt 6 Santls Chile St 18 N8 2 tinnes 7s 46 it o8 30 warrine " < it warranta, FWhien' 1suee. ey 2383283,L3u & & SEEE sgaazEz.es & STOCK AND BOND AVERAGES By the Associated Press. THURSDAY, May 28. i (Copyright, 1931, Standard Statistics Co.) OIL CONSERVATIONISTS CENTER ATTENTION ON EASTERN TEXAS s Proponents of Proration of Production Urge Gov. Ross to Call Legislature to Regulate Flow. BY BENNETT WOLFE, Associated Press Staft Writer, TULSA, Okls, May 38.—Eastern Texas, gushing out a flood of petroleum upon an already weakened market, is the cynosure of the oil industry today. the Okla- lature for that would put teeth in Texas' con- ser n program and bring about cur- tailed production. Opponents of proration, on the other hand, preparing to contend for unre- stra e’m‘:d\u:t.inn, declared the posed 1o tion would be and charged existence of a sl on the proration side. Only Threatening Area. E. B. Reeser, president of the Amer- ican Petroleum Institute and leader of the proration forc:s, sees Eastern Texas as the big “fly in the ointment” of the ofl industry. “All flush fields are ‘playing the game’ except Eastern Texas,” he said. “It 18 the_'only area now threatening the Yesterday's reduction in Eastern ide oll 30 crue , averaging cents a barrel, are an indication of what may be expect:d, Mr. Reeser declared, in the absence of proration in the o On_the other side of the question, Carl Estes. secretary of the East Texas l'fcr. Ranlty’.md Producers’ Associa- , asserted large sums of mo; had :een made lvaul:le fv:{n 2 MLyln( lown a colossal barrage of propaganda in behalf of monopolistic legislation.” Estes c] a “carefully planned” campaign had been carried on “for the sole purpose of bear on the lature.” pro- listic fund PROPERTY MANAGEM ENT Apartment House MANAGEMENT JF you are not getting a sat- your apartment house prop- erty let us analyze the propo- under our experienced man- agement, we can effect many profitable changes—and for a very modest fee. B. F. SAUL CO. 925 15th St. N.W. pressure to EEFLE S Wirl Pranklin, president of the Inde- pendent Petroleum Association of America, the organization through which the ineffectual oil tariff drive was waged, entered the fight for proration MARKETS CLOSE SATURDAY NEW YORK, May 28 (#)—Wall Street will end its week on aft- ernoon this week as all fina; and e Wi e closed Seburday in uses observance of Memorial day. RAIL VALUES SHRINK. NEW YORK, May 28. (P —As of May 1, 1931, the market value of all rallroad and rail equipment stocks listed on the New York Stock Exchange had declined to $6,771,269,174, a shrink- age of more than five billion dollars from October 1, 1929, Standard.Sta- tistics Co. says. The aggregate mar- ket value as of October 1, 1920, when the prolonged bear market was just “ncln to get under way, was $l1, ,456,207. Nat’l 2100 MORTGAGE LOANS CORPORATE TRUST SHARES G@—FARSIGHTED investors today are making their dollars do double duty. At present low security price levels, current return is increased. And as America emerges from its present depressed condition, today’s princi- pal will become tomorrow’s profit. Corporate Trust Shares offer a desirable means of accomplishing this. They combine the security of diversification with marketability, convenience and freedom from substitution~ ROSS BEASON & CO, Inc. Bastern Syndicote Mamagers 120 WaLL Street, NEw York ASK YOUR INVESTMENT HOUSE OR BANK We Recommend and Offer CORPORATE ST SHARES 00 Eye St. N.W.