Evening Star Newspaper, June 7, 1931, Page 64

THE SUNDAY STAR, WASHINGTON, JUNE 7, 1931—PART SIX. FINANCIAD, BONDS IRREGULAR AT SHORT SESSION FINANCI{AL. BOND SUMMARY FOR THE WEEK UNITED STATES GOVERNMENT, dend. _ Migh. Low. Close. Chge. 10220 10217 10219 ~ 1 4 D. €. RUBLE DISCOUNTED | BY SOVIET STORES 1031, Second Page e fow. ot S e 2 Stock and dividend. Net 76 US & For Sec pf (6, Not High. Low. Close. Chse. . 668 62 66 +2 59 Net. Low. Close. Ohge. W W - 11% — 2% Stock and divi OI:,L —1031.— Inter Paper bs A Tigh. Low. Stock and div i —— ¢ ithe woman in charge declared. t State Establishments Refuse to Accept National Cur- rency at Face Value. BY JUNIUS B. WOOD. Bpecial Cable Dispatch to The Star MOSCOW, U. S. 8. R, June 6.— Though the Gosbank (state bank of the U. S. 8. R.) continues to issue monthiy statements showing that the chervonitz 1s quoted at par in th world's_capitals abroad. various sta establishments here in the capital of | the Soviet Union refuse to accept thei own currency except at a greatly de preciated rate of exchange. Some go to the length of refusing to accept rubles in payment for purchases, which virtually amounts to repudiation of th Soviet currency. $ This anomalous situation, in which national currency is less in purchasing | power than the currencies of foreign countries in even state-owned stores, is painfully obvious to foreigners, who con- vert the currency of their own countries | at the bank’s legal rates of exchange here for chervonitz rubles to use in their purchases. However, it also af- fects all others using rubles through increased ruble prices for commodities. | Trade Figures Unreliable. The ruble’s lack of any fixed value makes any Soviet figures where rubles are involved—trade, national budget, industry, agriculture, the five-year plan, the cost of living—impossible of com-| parison with the figures of other coun- tries having stable currencies or even | with those of different years within the | Soviet Union. The only ones not pinched by the squeeze between nominal and acty ruble values are those foreigners whose good will is so desirable that they are not hampered in smuggling rubles from abroad, where they are purchased ri- diculously cheap. Such persons are only slightly affected by soaring ruble prices. After exchanging $500 at a State bank for foreign trade for an assort- ment of chervonitz rubles T stopped at the Savoy Hotel, which is like all others owned and operated by the state, for luncheon. A modest meal with a plate of quail brought the check to $1. At the par which the state bank declares exists in other countries and the legal rate which is rigidly enforced by law here when it is to the state’s advantage, this amounted to 1 ruble and 93 kopecks. I presented a 3-ruble note. “These prices are in American money and you must pay in American money,” the waiter protested. “But I've just bought these rubles at the state bank for American money,” I explained. producing the receipt, whied showed the amount and the legal rete of exchange. ‘That was too complicated for the waiter's knowledge of financing and brought the manager of the restaurant, whose decision was final. He scruti- nized the receipt and smiled broadly. “If you pay rubles, the price is 3 rubles and 50 kopecks,” he said, pro- ducing another menu on which the rices for the same dishes were quoted n rubles. “The next time you eat here, ask for your bill in rubles,” he added, some- what contemptuous of a foreigner spending local currency instead of for- eign money. I paid 3 rubles and 50 kopecks. rubles had depreciated 45 per cent in value as soon as I tried to spend them. ‘That is what is lost by observing the law and exchanging money at the State Bank instead of spending it in other state establishments. Refuses Rubles. Agalin, I stopped at the cigarette and novelty stand of the Grand Hotel to purchase a package of cigarettes. The stand’s prices were quoted in rubles. I presented the required amount. “Oh, we don’'t acoept rubles here,” 1 went through the same business of producing the receipt showing that rubles had been obtained in the legal manner through the State Bank, and with the €ame vain result. “It makes no difference; you must pay foreign money. Go to your room &nd get some,” she suggested. In addition to such state establish- ments where the national currency is flatly refused, the state has opened large stores where the difference be- tween the actual and nominal value of rubles is taken into consideration in fixing the prices. ‘Though the prices are fixed in rubles, the purchaser must use foreign money. He can elther tender foreign currency, which is computed in rubles at the legal rate of exchange, or present a re- ceipt from a bank showing that the rubles which he is spending were se- cured there at the same raté. The re- ceipt is then indorsed for the amount spent. Also 10 rubles a day for livise expenses are deducted, to prevent Lhe holder from spending more rubles than he_gets legitimately through the bank. Prices in these stores clearly show the difference between the nominal and actual value of the ruble when based on foreign exchange. Prices in those stores which take rubles secured for foreign money are one-half to one-fifth the prices in stores where workers are per- mitted to buy rationed amounts but pay in rubles earned within the country, and in some cases one-tenth the prices in other state stores where anybody having rubles is permitted to purchase. The iatest bulletin of the Gosbank, quoting exchange rates of Soviet cur- Tency 1n foreign capitals, says that the Tuble in Berlin is worth 2 reichsmarks, 16 pfennigs. While this is the nominal, :fi?]bfiat? one é‘vichsmnrk (24 cents) y five rubles from the mone changers. . In Constantinople the fluctuation is even wider, while in Tokio, where the Soviet Bank quotes the rubles as equal to 1 yen, 8 sen, the same bank actually accepts one yven for three rubles. All of which is of great importance to foreign tourists, experts and others coming here under contract and sud- denly finding themselves afloat on a sea of ebbing rubles. (Copyright, 1931.) BOND ISSUE SOUGHT. ‘The St. Louis-San Francisco Railroad has applied to the Interstate Commerce Commission for authority to issue $18,- 000,000 6 per cent consolidated bonds. The carrier has something over $9,000,- 000 general 5s and 6s maturing July 1. This issue would share the same mortgage that the present outstanding consolicated 4'is are a lien on. .The consolidateds may be issued at any in- terest rate that the company's board of directors may find advisable. SHORT-TERM SECURITIES. (Reported by J. & W. Selisman & Co) Allis-Chalmers ‘American Tel. & Corp, 5'2s 1938. n Nor! Ry. 4'zs 1935... . N. W. R.'R. Co. 55 193: Chicago Rock Island 4s Ghile Copper Co. 55 1947 Denv. & R. Gr. R. R. 4! Gen. ‘Mot_ ‘Accep. Corp. Corp. 5 193,00 1934 35, ek & & St. Louis 63 1932 Phillips Petroleum Co. 814s 1039 re Oil Corp. 515 19 Wheelln Bieel Cor i’ uoban B ' 100 20 102 8 102 24 100 13 100 20 104 2 105 29 109 14 US3%8s1960-43.. S4s 194 US4%s1947-52 . Btock and dividend. Abram & Straus b % 8’4 Alleghuny Co cv 58 ‘44 Am Agri Chem 73841, Am Chain 6s 1933 Am G Chm 6%81949... Am Internation 6%8°49.. Am Natural G 6%s '42 Am Sm & Ref 1st Am Sugar Ref 6s Am Tel&Tel cv 4% Am Tel & Tel s f ba Am Writ Pap 68 47 Argentine 65 June ' Argentine 6s A 57, . Armour & Co 418°39. Armour of Del 518’43 Atch T&S Fead) 4 Atch T& S F gen Atch To & S Fe 4% Atlantic CL 1at 48 ‘2. Atl Coast Line 4%8 €4 Atlantic Ref deb b3 Australia 65 ‘55 Austria 78'43 B & O gold 48’48 B&Ocviks'? Balto & Ohfo 63 °48.. B & O ref 68 '95. B & O ref 6s D 2000, Balto & Ohio 6s '96. B&OPLE& W Vads. Bangor & Aroos 48 '61.... Rank of Chile 6% '57. Bank of Chile 6% 5 1961.. Belgium 63 '55. Bell Tel (Pa) ref 6348 4 Beth Steel pm 655 '36 2 Bolivia Ts ct 69, Bordeaux 63 ‘34 Boston & Matne 65 ‘67, Brazil 615 1926-57 Brazi] 8s'41..... Broadwy & Tth Av 6543, Brooklyn Manh 13t 6s A, Brooklyn Union 68 '50. ... Canada 6s°53.... . Canada National 4148'54. Canadian Natl 4348 ‘67 Canadian Natl 4%s '68 Can Nat July 5 '69. 4 Canadian Natl 68’69 Canadiar Pacific deb 4s.. 4 Centrai Pacific 48 '49 Central Pacific 5s 1960 Certain-teed 515 1948 Chesapeake Corp 5. Ches & Oh gen 414 3 Ches & Ohio 4%s5'93 A Ches & Ohlo 4% s B '95 ChiB&Q4%3B 7. Chi B & Qref 58'71. Ch & Eas: Ill gen 68 ‘51. Chi Great West 43'69. ... Chi MStP& P 5315 Chi M St P& Padjbs.... Chicago&Nwn cv 4%5'49. 6 Chicago Rock Tsl 414 Chicago RI4%sA. . Chi Union Station 4 Chi Union Station 8%s Chi & West Ind con 4s... Chl & West Ind 5%3'62. . Chile Republic 6s 1960 Chile Copper 55 47 Chinese Govt Ry bs CCC&StLIf4%sE CCC&StL6sD.. CCC&StLref6s A Cleveland Term 53 B '7 Cleveland Terminal 5%8s Colombia 6s 1961 Jan. ... Colon O11 6s°38. . Colo & Sou ref 4%s '35 Columb G & E deb 68 '52 Comm Invest 5148 '45.... Con Coal (Md) 1st ref 5s. Copenhagen bs 52, Cuba R R 6852 Cuba North 6% Czechoslovakia 8; Del & Hudson 5% '37. Denmark 638 1955. .. Denmark 65’42 Den & Rio Grande en 4 Den & R G West b8 '55. Den & R G West 68 '78 i Detroit United 43832 Dodge 6s°40...... Duquesne 4148 1967... Dutch East Indies 6347 Dutch East Indies 6s'62. . Erfe 1st con 4s Erie gen lien 4596 Erie ref 3 Erle 5375 Fiat 78 (x Finland s Fonda J & G 4%s'52 French 7s ‘49 French T%s 4 Gelsenkirchen Min 6s'34 General Cable 5%8 1947, Gen Motors 6s'37. Ger Gov 5%5 '65 wi German Bank 6s 1938 German 78 '49. .. Goodrich (B F) 614847, Goodyear Rub 5s 1957. Grand Trunk s f deb 6s. Greelk 65 1968. . Hudson & Man adj 68’57 Hud & Man ref 68'57.... Humble O & R 6%s'32 Illinots Cent ref 4s ‘55 illinois Central 4% s Inter Rap Tr 58 sta Irter Rap!d Tran 6 Inter Rapld Tran cv 78 Inter Cement 6s'48 Inter Gt Nor ad) 6! Inter Match 53 °47. A Inter Mer Marine 6s°'41.. 14 inter Ry Cent Am 8%s... 96 Int Tel&Tel cv 434839, ., 59 841 Stock snd dividend. e High, 100% 98% 68 104 100 99% 871y 14% 1027 104% 132 108% o ‘l’”l 38.104 30 10423 104 30 + 1 Lib 4th 448 38, 'S 3% s 10231 102 18 102 30 .103 4 10227 102380 .10712 107 7 10711 .10916 109 7 10911 J114 8 11330 11831 Low. Close. 99% 5714 68 1034 9878 1011 10313 1262 108% 114% 89 100% 0 7 6 9 7 9 Fre LFESE XFE IFEF 1067% 100% 106% 102% 4 Queensland 6s°47.. i Southn Pac Ore 4%4s'77.. 4 South Ry dev 6% 82% 84K —2% 6 + W + % +1% + % +1% Kan City South 38 1950.., Kan City South 68 ‘5! Kan Gas & Elec 438 80, Kendall 53848 (war)... Kreug&Toll bs ct wi‘69.. Laclede53s D -2 -2 ~1% - :I - % Market St Ry 78 A 40.... =% Mexico 45 1904-64 . 5 —2% Midvale Steel 55 '36 3 e | Milan 6%852. h -1n Mil El R & L 1at ref 6 MStP&SSM6H,s '3 Mo Kan & Tex 18t 45 '3\ Mo Kan & d Mo Kan & Mo Pacifie Mo Pacific Mo Pacific M Nat Dairy Prod 6348 '43., at Radlator 638 1947 etherlands 6s '72 NY Chicago & StL # NYCh& S Lreth N Y Chi & StLouis N Y Edison 1st 6% North Amer Ed 68 ‘57 North Pacific 38 2047. North Pacific 48 97. North Pacific b8 D 2047 North Pacific r 1 68 2047 Ore Wash 1st ref 48 Orlent Bev 5%s 67, Pacific Gas & El 6s°42... & Penna cn ¢%8 1960, Penn gen ¢ ‘65 0 Philadelphia Co 63 *67 Phil&Read C&1 68 w14 Philips Petrolm 6% #39.. Pireill Coof Italy 7s°'52. . Pittsbgh&WVa 4 '60 Poland 8s°60. .. Postal Tel & Cab §s Queensland 7s 41, SLIM&SR&G 4s'3. StL&SF prin4s A" StL&SF 448’18 StL & San Fr 68 B 60 St Louls S W con 48’32 StPKCS Line 4%4s 41 Sao Paulo State of 88 '3/ Seaboard A L ref 9 Seaboard A L con Seine Dept of % South Pacifie col 4 South Pacific ref 4s 6/ South Pacific 4348 ‘68 Southern Pac 435 '69 ww Southern Ry gen 4s 56... Southern Ry 18t 68 °94. Southern Ry gen 6s 'ic. . 5 Stand OIINJ Stand O N Y Swiss 538 46 Tenn Copper 6 Texas Pacific 58 C'7 Third Ave 1st ref Third Ave adj Toho Elec Pwr 785 Union Pacific 1st 12% Southern ries(A).... 124 67% Bouth Pacific .. 80% 27 Southern Railway (8).. 34% Southern Railway pf(8). Sou Ry M & Ohio cfe(4). Spalding (LG) (3)...00 Spalding A G 1st pf (7). Sparks Withingtoa (1 Spear & Co. 20% 123% 4 88% 64% 109% % t 51% Stand Oil of Cal (h2 Stand Ofl Export of (5). Standard Ol of Kansas.. Stand Oil of NJ (12). Stand O N ¥ (1.60). Starrett (L §) Co(12%). Sterling Sea A). Sterling Secur pf (1.20 Sterling Sec cv pf(3). Stewart Warn Stone & Webster (3 Studebaker Co (1.20) Sun Ol (11). Sun 011 pf (6). Superheater (2%) Superior Ofl. Superior Steel. Sweets Co of Am (1) Symington. Symington Cl Telautograph (1.40) Corp (50¢). Thatcher Mfg (1.60) Thatcher Mg pf (3.60). Th, The Fair of (7) Thermoid Co Third Avenue. Third Nat Investment Thompson (I R) (2) Thompson Prod (1.20)... Thompson Starrett Co. . Thomp-Starr pf(3%). Tide Water Asso (60c). . ‘Tide Water As O pt (§). Tide Water Ofl pf (6).,. Timken Det Axle (80c).. Timken Roller Bg (3) ‘Tobacco Products. ‘Tobacco Prod(A) ( . Transamerica Corp (1).. Transue & Willlams (1), ‘Tri-Continent] Corp. Tri-Con Corp pf (6). Trico Products (23%). Truax Traer Coal Co Truscon Stl (g120). Twin City Rapid Trans. . Twin City Rap Tr pf(7). Ulen & Co (1.60)....... Underwood-Ell-Fish (5). Union Bag & Paper. ..., Union Carb & ' (2.60)... Un Oil of Cal (2) Union Pacific (10 Union Pacific pf ( Union Tank Car (1 United Alrcraft. Unit Aircraft pf (3). Utd Am Bosch. . UnitedBiscuit (2).. United Biscuit pf (7). Utd Business Pub. Unit Carbon. . . United Cigar Store Utd Cigar Stores pf(6).. Unit Corporation (75c).. United Corp pf (3) United Dyewood. . ++ HHEE1+ o il 4t TH+410 b4 SEEET FEFE P Smelting & Ref (1) Smelt & Ret pf3%). U S Tobacco (4.40) United Stores A. Unit Stores pf (4) Universal Leaf Tob (3) Univ Pictures 1st pf (8). Univ Pipe & Rad. Utah Copper (6)... Utll Pwr&Lt A (et2.15). Vadasco Sal ‘Vanadium Corp’n, Van Raalte. Virginia-Caro Va-Caro C| Va-Caro Chem pf (7 Va Elec & Pwr pf (6 Va Iron Coul & Coke Vulean Detinning (4). Vulcan Detianing pt (7). ‘Wabash RR W h RR Waldorf Sys Walgreen pf (634). Walworth Co. . ." Ward Baking (A) Ward Baking B. . Ward Baking pf (1) Warner Bros Pict. Warner Bros pt (3.85). Warner Quinlan Warren Bros (3). W'ren Bros cv pf (3)... Warren Fdy & Pipe (2). Webster Eisenlohr. .. .. Webster Iisenlohr pf (7) Wesson O1l & Snow (2). on Ol & Sp bf (4). Penn Eleec A (7) Penn Elec pf (6).. st Penn Elec pf (7)., t Penn Power pf(6). t Penn Power pf (7). Westinghouse Air B (2). Westing EI&Mfg (4). Westing E&M pf (4). Weston Elec Inst (1)... Weston Elec Ins t A (2). West Vaco Clilorine(2) % Wextark Radio St & Wilson & Ce.... Wilson & Co (A). Wilson & Co pf. Woolworth Co (2.40)... Worthington Pump Wright Aeronautical. Wrigley Wm (4)... Yale & Towne (2).. Yellow Truck & Coach. Yellgw Tr & Coach pf Young Spring (3).. Youngstown Sh&Tu (2). Ygstwn Sh&Tu cfs Blue. Zenith Radlo. ......... Zonite Prod Corp (1). 0 234 ..o12% 36% + 1% 5 Industrial Group Highery Public Utilities and Some Rails Lower. 5% % 1i+++ - BY ALEXANDER HENDERSON. Asscelated Press Financial Editor. NEW YORK, June 6.—Price move- ments in bonds today were highly ir« regular, although the turnover in most instances was limited to a few or even single sales. Industrial loans showed an u‘;md trend from the start. Armour 413s of 1939, Sinclair Oil 6!2s, Chile Copper 5s, Internation® Match 5s and Phil- lips Petroleum 5!>s gained fractions. Many such issues did so on single small transactions. Public utility obligations were equally quiet, but the price changes were extremey narrow and irrelgularly lower. American Telephone debenture 58 of 1965, Cincinnati Gas & Electric series A 4s and Kansas Gas & Electric 428, three bonds of pretty high stand- ing, lost small fractions. Western Union 5s, Pacific Gas 5s, Detroit Edi son 4128 and Consolidated Gas of New York 5155 were steady. Railroad obligations made mixed changes which were wider than those of other groups. St. Louis San Frane cisco 458 of 1978 were the most active W of the group at fractional recessions, The application filed with the Intere state Commerce Commission by that railroad for the issuance of $18,316,« 000 in refunding bonds disclosed that no contracts or other arrangements have been made for their sale. Baltie more & Ohio 4!5s of 1960 made one of the largest gains in sympathy with | the stock of that carrier. Boston & Maine 5s. Canadian Pacific debenture 4s and Missouri Pacific series P 5g eased off. New York Central 5s of 2013, Nickel Plate 4155 of 1978 and Pennsyle vania general 412s gained ground. Liberty and Treasury loans were gerw erally quiet and steady. The f Liberty 4'4s and the Treasury 4s 1954 were moderately active. FOREIGN LENDING HELD CURE FOR DEPRESSION Special Dispatch to The Star. NEW YORK, June 6.—The drying ng Tu | of the international capital market 1, | the most important reason for the col- 1 | lapse of prices and of world trade, ac- | cording to J. Henry Schroeder & Co., London. ¥ their Quarterly Review, | issued in May. It follows, they believe, that the restoration of the flow of for- elgn lending, if it can be achieved, will be a sound and effective method of curing the depressio: e s“FrFeFe 2 pry 4ol FE L+ 4 ® ¥ 1 * +H+ L0+ 00 [T PEUL T L+ £+ + 2t 1% Established 1899 MONEY TO LOAN at 512% and 6% interest Before Placing or Renmewing Your st and 2nd Trust Consult WELCH Realtor Loan Speclalist Money on Hand to Loan en 4« United Fruit (4) Utd Gas & Impro' Unit Imp of (6). Utd Plece Dye Wks (2).. # U S Distributing.. U S & For Sec... raticns. | +UDIt of trading less than 100 shares, 4% 1n stock. {Payalble in scrip. (P] year no regulur rate b Payable n stock. e Payable in cash or stock f Plus 8% stock. h 2lus 3% in stoefl %3% in stock n Plus 5% in s A in 2 Dividend rates as given in the above table are the annual cash payments based on the latest quarterly or half-yearly decla- tPartly extr: lus 9% in stocfl. d Payable when s st splus §1 in preferred stock. k Plus tock. First Deed of Trust 67 Interest Reasonable Commission and Prompt Replies to rned. & Plus 6% CHICAGO DAIRY MARKET. CHICAGO, June 6 (#).—Butter, 19,- 031 tubs; easy; creamery, extras (92 lots), 2215: extra firsts (90-91 score), 21'2822; firsts (88-89 score), 20'2821; | seconds (86-87 score), 19a19'; Eggs, | Seeufed by first deed of 30 such now at thoroughly depressed prices. One year memberships only. Payments made to bank. Bank invests for you. Money to Loan Drevailing_interest and e score), 2215 standards (90 score, car- |22180 cases; steady; prices unchanged. | Jogeph I. Weller ¢ e ————————————————————————————————— = THE PARCO PLAN OPENS THE WAY To accumulate partnerships in America’s greatest com- panies, out of savings, at depression prices. American Tel. & Tel., Du Pont, Gen. Electric—and about Applications JAMES F. SHEA 643 Indiana Ave. N.W. It is easy to own an air-cooled See CALLAN MOTORS INCORPORATED Urugua. Vienna Vi Ry & Power s virginia Ry 1st 58 '62 Wabash 4348 1978 Wabash 1st 53 '39 Wabash 5%s ‘75 102% 81 1% 93% 641 641 54t 9013 Wilson Yokohama 6s ‘61 Youngstown Ste 6 10315 97 Union Pacific 48 '6 Un Pacific ref 4s 2008 United Drug 6s '63. Utd Kingdom 5%s ‘37 U S Rubber 1st & ret bs Utan Power & Ligl Utllitles P& L 5%s8 "4 y 651960 63 1952. 108% 1074 . 90 87 100 98 & Co 1st 9% 5s°78. 97 Baltimore Marke | Special Dispatch to The Star. | BALTIMORE, Md. June 6—Practi- | cally none of the receipts of eggs from native and nearby points are grading firsts and consequently have to be sold as current’ receipts and although the consumptive demand is fairly good the | market is easy 17'; cents a dozen. T are holding their eggs and consequently have to be sold as current receipts, as few will grade firsts and bring a pre- mium. The live poultry market holds steady on most lines with practically little change from last weel. Choice, fat. Spring_chickens, 2!y pounds and over, are bringing 35 to 38 ccnts a pound; 2 to 2!, pounders, 30 to 34, and smalier 26 to 23, but Leghorns are not so de- sirable and wil not bring over 20 ‘o hens in ample receipt and the market rules easy, the demand being easily satisfied and centered on smooth, fat fowl, 3°; pounds and over, at 21 to 23, with Leghorns selling 17 and 18, but poor, thin fowl, as well &s old roosters, are slow sale at 12 to 14. Young ducks, 4 pounds and over, are in moderate receipt, but the demand is limited at 20 to 23, with smaller selling 17 and 18, while old ducks are not wanted and have to be sold at buyers' prices. Guinea fowl and pigcons are holding steady at 50 to 75 each for the former and 20 to 25 & pair for the later. ‘Vegetable Prices. The market for old white potatoes continued easy and values are a shade lower at 135 to 140 per 100 pounds, with ungraded stock slow sale at 1.00 and 1.25. White yams in good demand holds steady at 1.50 to 4.50. Receipts of native and mearby garden truck gen- eraily is in excess of the demand and prices continue to rule very low at the following quotations: Asparagus, 75 to 3.00 per dozen, but 1 2 partly white will not bring over 60 to | Pr 12 *1.50; Virginia green beans made their [ W first appearance on the market this week and cleaned up readily at 1.00 to and _values lower at| ‘Too many shippers | and under light receipt the market | Lons 1.25 per bushel; beets, 2.00 to 5.00 per hundred; cabbage, 90 per hamper; blue kale, 10 to 25 bushel; lettuce, 15 to 30 bushel; onions, 75 to 1.00 per hundred; native peas, 50 to 1.10 per bushel; with Virginia large pod bringing 50 to 1.00 per 5-peck hamper; radishes, 1.50 hundred; rhubarb, 200 to 4.00 hundred, and spinach, 15 to 30 bushel. Live Stock Market. The live cattle market continues easy under moderate receipts and slow de- mand, which is centered on first quality stock. Most of the arrivals on the | wharves consist of common to ordinary stock, which is slow sale at inside Quotations today at Light Street wharf: Beef cattle, first quality, pound, 7; common to medium, 4 to 6; bulls as to quality, 3 to 5; cows, choice to fancy, 4 to 5; common to fair, 2 to 3; oxen, as to quality, 3 to 5; calves, veal, choice, 8; large, fat, 7 to 7!z; large, rough, 6 to 6':: thin, 4 to 5; rough and com- mon, 4 to 5; sheep. 2 to 3; old bucks, 2 to 3; Spring lambs, choice, 91;; fair to good, 8 to 9; small, thin, 6 to 7; Fall lambe, 6 to 8; hogs, straight, 7; sows, 5 to 6, stags, 3 to4; live pigs, 15 to 18; shoats, 12 to 14. Closing Grain Quotations. Wheat—NNo. 2 red Winter, spot, do- mestic, 80, nominal; No. 2 red Winter, garlicky, spot, domestic, 80, nominal; May delivery, 80, nominal. Corn, No. 2, yellow, domestic, spot, 70; cob corn, 3.50a3.95. Oats—White, No. 2, dome:tic, 38a39; No. 3, 37a38. Rye—Nearby, 50a55. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) ‘Nomtial sold Selli cks value. Feanzssersaneaas BRRICCFNET Oslo, crown.. Stockholm, crowi. Virginia Concerns Show Income Gain 0Of $3,508,636 in Yeary By the Associated Press. RICHMOND, Va., June 6.—The net income of Virginia corporations as filed with the State Department of Taxation up to June 5 increased $3,508,636.25, as compared with returns on the same date last year. C. H. Morrissett, tax commissioner, sald corporation income tax receipts would be well ahead of budget estimates. ‘The fact that the net income of cor- porations in 1930, the “depression” year, is running far ahead of that for the “prosperity” year 1929 was looked upon by the commissioner as a good omen for Virginia industries as a whole. ‘While some industries showed a re- verse in the calendar year 1930, the big tobacco industry, yielding approximately '$200,000,000 in Pl'oducu nnually, kept | the general level high. GREAT INCREASE SEEN IN OHIO RIVER TRAFFIC Special Dispatch to The St EVANSVILLE, Ind, June 6.—The | Ohio River within the next 10 years will | carry nearly twice as much freight cn its broad surface as is carried through the Panama Canal, in the belief of John A. Fox, fleld resentative of the Mis- sissippi Val!~v Improvement Assoclation, who visited "Evansville to inspect the new $500,000 Mead Johnson terminal. “‘Already there is an annual commerce of nearly 23,000,000 tons moving on the Ohio River,” he said, “as compared with an annual commerce of only 29,000,000 tons through the Panama Canal. I be- lieve that within the next 10 years, as new “channels in tributary rivers are completed and terminals are provided, there will be an annual commerce of more than 50,000,000 tons on the Ohio $10.00 m imum investment. Monthly amount may vary. No contract—no inter: uous, Out of every depression new fortunes rise. monthly buying eliminates price hazard. | Hobson & Company, Inc., 1223 Shoreham Bldg. Please send particulars about the Parco Plan, HOBSON and COMPANY, Inc. B IRSE ser a Third of a Century Without a Loss . F. National 2100 THERE IS NO SUBSTITUTE Shoreham Building MORTGAGES HOW TO INVEST JUDICIOUSLY ; Many folks can make money, but it is knowing how to take care of it— profitably — that counts, It is easier to lose than to make—but judicious invest- ment, such as is offered by our 6% FIRST MORTGAGES takes out all the risk, avoids all the financial pitfalls and leaves you free in mind from worry, and richer in purse through the fixed interest which is assured. May be purchased in amounts from $250 up. SAUL CO. 925 15th St. N.W. FOR SAFETY 1529 M St. N.W. Or your nearest Franklin dealer for the new time payment plan—the small initial payment—and the rea- sons for the economical operation of the airplane-engined Franklin. —Just Drive a Franklin Investment 1 have leased, with option to buy, about 135 acres of the Colchester Plantation, on Occoquan Bay, Fairfax Co., Virginia, owned by A. T. Hyde, who has reserved a few acres for himself. The water frontage is about 1,400 feet, near a 7-foot channel, fresh water nor« mally, salty in unusual droughts. A Corpora- tion is being arranged to buy the land, im- prove it, buy a few additional high-class horses and cattle and operate as a stock farm. The share capital is to be 250 shares of no-par value, under a Virginia Charter. These are to be offered at $105 each. My horses, includ- ing “Our Maggie,” 7-year mare, reg'd. by Jockey Club, expected to have 1932 foal by stallion reg'd. by Jockey Club; trotting bred mare with filly by stallion reg'd. by Jockey Club, and to be bred again next week; Ken- tucky-bred mare, are to be bought at fair prices by the Corporation. Any one interests ed, with satisiactory references, can obtain details from me Sunday, June 7, from 4.6, or Monday, 10-2 o’clock. The plantation has been owned by its present owner for 30 years, is well wooded, is about 20 miles by air-line from Washington, D. C, 1% mile from Washington-Richmond Highway and Colchester R. R. Station. It is unlikely to be burdened by any mortgage while the corporation is owner. This ad will not appear again. M. A. Mosle George Mason Hotel, Alexandria, Va.