Evening Star Newspaper, June 11, 1931, Page 14

2 PIN AN TAL, THE EVENING STAR, WASHINGTON, D. ¢, THURSDAY, JUNE 11, 193 1. FINANC TALS y IMPROVED DEMAND. FOR GOODS IS SEEN| Early End of Hanrl-to-Mouth' Buying Predicted by Economist. ATLANTIC ing before a grc executiy CITY., J “at a Speak- light and luncheon given nnection with power by F th cony Tappe kmire carly end of arly two s eco- c on prevailing assoriat tur n and i Recovery Process Noted. | { audicnce at had ar- | Ave mal the t the den; ming a aary to the next is not possible to say assuran: when this turn expectad—the outcol f th s will have quite a boar broad h absc v be mme but s ente It croy Ing car World's Best Customer. we Man hat out whi are no ad wor abre 1al what th! wee world alf of the pansion in NEW FOX DIRECTORS ARE ADDED TO BOARD b YORK x F oA NEW ne 2 of the F m C bankers | the ex; 250 basis per cent div t was hoped urn t ter dends the comn he $4.00 basis PEACH PACK RESTRICTICN IS PLANNED THIS YEAR 1931 Cal n he re ed to 9,000,000 case 000.000 can This pack sible for more total peach ieh i resper than 95 per cent of f canning of the United States. has advised the National Can- ners’ Association that such a cu tailment is necessary to restore the in- dustry to a healthy condition. The new figure represent drastic reduction from the pack of 13,000,000 cases last vear, but is held sulicient, together with ! the carry-over stock. to meet the cow try’s normal demands of from 1) 11 million cas The curtailed agreed upon by th s growers, working in_ en-operation the State’s director of agriculture, ng group o) been and with has NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. (Continued From Page 13.) Stock and Dividend Rate. A Pathe lixchanze A. . Peerless Motor Car Penick & KFord (1). I'enney (J C) (2.40). PPenney (JC) pf A (6) Penn Dixie Cement. Penn RR (4)..... Peop Gas Ch (8).... Peoria & I3 I'ere Mar : Fetrolm Cp of Am1) Thelps Dodse (1).. il Read C & 1. Philip Mor & Co (1).. Phillips Petroleum. . 1<hury Flour (2) T (A) (m3.13). h Coal pt.. Tew (1.40). Steel pf (7)... W Va (6).. Pour & Co (B) Porto Ric Am Postal Tel&Cable pf. i Ira Oil & 5 Prairie Pipe L (3) I'ressed Steel Car. I’roct & Gamb (2.40) I'rod & Refiuers Pub Sv N J (3.40) Pub Sv N J pf (6). Pub Sv N J pf (6) Pub Sve GRE pfi3). Pullman Corp (4) Pure Oll..... Pure O1l pt (8) Purity Bakeries (3). di0 Corp. = Radio Corp pf A(3%; fladio-Keith-Orph A. Raybestos Man 2 60.. Reading Ry (4).. ading 1st pf ( 11 Silk Hos(b10%) mington-Rand. . 0 Motor Car (40¢). public Steel public Steel pf. . vere Copper & F & B (D). iteynolds Metals (2 ynolds Tob B (3). chfield 011 o Grande O11. . Rov Dteh(m1.3404) R 1 1 i I i I ¥ Stores (5) joseph Lead (1) St Louis & San F t L-San Fran pf « L Southwestern. . Sivaxe Arms (2).. Schulte Retail Stry Seaboard Afr Line Sears Roebuck 32% Servel Inc....... Shattuck F G (11%). Shell Unfon Of1 Shell Un Ol pf (5 Shubert Theater: Simmens Co. ) nciair Oil pf (8) 1y 011 ACAm DEWw b4 South Port Rico § South Cal Ed (2). South Pacific (6). outh Ry (£8)...... Sparks Withing (1). « Splegel-May-Stern. . and Brands (120). and Brands pf (7). and G & E (3%) ind G & ELpf (7)., and O11 Cal (h2y) and Ol N J (12). Stand O1L N Y (10). Ster! Sec pf (1.20)... Sterl Sec cv pf (3).. Stewart Warner. ... Stone & Webster (3). Studebaker (1.20) o1l (11). erheater (2 rior Of) 5. ¥ Texas Pac | Thatcher Mfz (1.60) GROUP INSURAN N Bank Employes Total r(3) Issued. 1D NEW ployes natch tn The Star YORK, class as a are group insurance than nrrmdmi{ to a survey by other made Associa zed by Wi fssue of ers th e The averag - employe exceeds $2.000. rs_benefiting from group insurance, he say take into consideratic indi policies worker wage ¢ own account, we find protectizn for wives a appro: This otected anc form of If we value of aried their aver ilies £500, n th: some form more than four times as their fellow workers in other In the United States of slightly more than of group insurance 000.000 represents protection workers and their families 2n amount is rising steadily, while ast half dozen years the num bank emploves bonefitin from 50,000 to 200.000. Group insurance still is in stage of growth, he points typical group plan provides annuities, life insurance, death and dismemberme weekly incomes in c non-occupational accidents, permanent disability pavments, surrender values, free Nursing and health insurance During the short space of seven the number of banks fortifyin in force e says. ol accl t insu ployes against the future by group in- surance has ineresed from a few hun- to 1.560 Mr. Kuhns says, which comparison with the total banks in the United States, institutions which employ of the bank workers of He suzgests that, consid pread of the group-insurance i the banking field. there is grou sectation that virtually al workers will be so insured few years dreds in the United num! MONEY MARKET. NEW YORK. June .11 /) —Call miney Time loans steady; months, teady. 1. all day 60 days, 1! three to four 1%;a2; five to six months, 11,17 Prime commercial paper. Bankers NEW YORK BANK STOCKS EW YORK ™ inte. marke June 11 Lol Trust Companies. 1 Bl & Cont Bk & T Corn “Exchanee Empire Bic o T Manufacturers New York .. 137 held d fom- out of a total $10.000,000.000 has increased 2n early retirement sickness or total while small in includes two- the country. ring the rapid within a acceptances unchanged. 1o Prev. A | High. ‘Low. Prev. [ 41 33% Low Close. Close. | 23 Y H Ale 12 18 Sales da 00, High. 50| m‘v! | Thte 26% 14 » 137 N3% 20 L0%h 31 4 164 40 19 10 91 108 & 284 10 143 13 1 152 2 West W 42 1415 11 1931~ « The Fair (2.40). 54 Third Avenue. 434 Union ¢ Pre Clos 35 1% 5 12 1% 4 515 480 By % 8 94 a3 Stock ana Sales. Dividend Rate. Add 00. High. Thatcher pf (3.60)... 1 3514 2 18% e 1214 1w 4 b Low. Cln-r 354 18% an 1% 1 4 Biv'y 18% o 12 1% Thermoid Co. .. Thompson Prod Thompson Starrett Tide Water As (60c). Tide Wat As pf (6).. Timken-Detroit Axle Timken Roller (3) Tobacco Products Transamerica (1) Tri-Cont Corp. . Tri-Cont Corp pf (6) Trico roducts(2%4). Truax Traer Coal Co. Truscon Stl (g1.20). Und-EBl-Fisher (5).. arh & C 2,60, Un Oil of Cal (2).. Un Pac'fic (10) Un Pacific pt (4). Un TankCar (1.60). Unit Atrcraft. Unit Biscuit (2) Unit Clgar Stores Unit Cory (75¢). Unit Corp pf (3). Unit Dyewood Unit Electric Coal. Unit Fruft (4)...... Unit G & Im (1.20). TS Express, For Secur For Sec pf ). Gypsum (160) Indus Alcohol (2) Leather A. f Pive & F (2) Rubber....... melt & Ref (1). /S Sm & Ref pf 334. J (1)... Steel pf (7)..... niv Pic 1st pf (8) v ipe & Rad. 1 P&L A (12 15) Valle Vi \lean Det (4) Wabasn It W Waldorf Sys (134).0 Vard Baking A. Ward Baking Warner Bros I'let Warren Bros (3).. Webster Eisenlohr. West P'a Pow pf (7). L Dairy (A) Western Dairy B.. Western Md. . Western Pacific. Western Pacth Western Westing Westing West P, Weston Westvaco Chlor (2). Wextark Radio White Motors (1) Wilcox Oil & Gas. . Willys-Overland Willys-Oyer pf (7 Wilson &'Co A.. Wilson & Co pf. Woolworth (2.40). Worthingion Fum Wright Aeronaut. . Wricley (Wm) (4) pt Yalea Towne (2). Yellow Tr ow T Youngs & Zh Zemith Zonite I'r 2% 12 1 Sales of Stocks on New York Exchange. 10:30 A M M [t NEW YORK counter market P RAPID GROWTH : Lead Value cf Policies in Founders Am Am Founders F w by k- the e pib- overage com- & Foste Crim Focter Deposited Deposited By Diversified 1 ) D Cersified T Shrs B Divertified Tristes Shis C Equity Corp com Equity Corn pf Eauity_ Trust” Shis TR Amer Corp, Eive vear Fiscd T Truy amental 11 damental T General Bauity nger Trade, Glitte" Winmil; Incorp Tnvesto: Incorp Tnvestors Equit Independence 1t Int Secnr Corn Am Int Seeur Corp Am Int Secur Corp Am 6 Int Secur Coip Am Invest Tr Asiociates Invest Tr of N ¥ Collat Investors Shares Jackon & “on Leaders Leaders Leaders of Low ! “some n Erum the by on the ers at mately means under e are off as Trad $550,- bank d the in the ber of e ut. A idental irance, Mohawk_ Invest and | Mutual Invest Trust A gach | Bt 3 Service | Rationa Tau] Natlonal ¢ N Ren e S Nor 18 e Nor AmTruet Shar Nori i T8tck Qi b, WS Qi ey A Ko Bt i Bops SeTHce 3 aiicy ecur Corp Gen $6 nf StenraCiee Sen & 4 |Soeond Int Secur Sort A R Shany 2 e it Shrs n years g em- States, ber of thirds 15t pf cd Incoma o4 Mannte Trister it or T “Fund Am Trost Shre Collat Trusteed Sirest Invest Corp of Am Tr Super Corp of Am Tr B Super Corp of Am Tr C Corp of Am Tr D Shrs of Amer Trustee Stand Invest € Trustee Stand Invest D Truste rdard Ol A s per | Trustee Stapdard Oil Shis B Ja2ty. Trusted NOVOC Rank uithed N Y C Bank th Century Fixed T Twn YVeir Trust Sh United Fixed Shrs Tnited Foupdars 1-70th com United Tns Shre ™ited Rani Tr m 1’8 % Rritien T dea in nd for ] bank A nid A er-the- PACKAGED MEATS. By the Associated Press Packaged meats labeled with a United | Department of Agriculture cer- | tificate of quality s the latest innova- tion in the retailing of meats. Retail sales under the new which is used by a group of 85 food reported to depart- ment officials as having increased from '20 to 40 per cent in individual stores, stores. have been a1y 142 Over- Noon. .. 2:10 P M e above table 3 100 shares. CPlus ' £00,000 tly extra » Pavable INVESTMENT TRUSTS Buying for Profit BY and GFEORGE T. HUGHE in November of 1929, when ed on the Stock Exchange bull market finally dissolved hurried collecting of funds by small investors anxious to take ad- vantage the opportunity to buy cquities at what appeared at that time t> be b ain ices, In many instances money rowed on insurance policies the proceeds put into common stock The conviction was almost u that purchases made at that show sonable time. This was nct margin buyving m'hrf but buying for cash, with the certificates withdrawn from the market and deposited in strong boxes Exercising that hindsight which is justly famous, we soe now that this 2all a mistake. Prices for stocks have been going down, not without in- terrupt.on but surely t the samc cver since. There are. however, still auyers, 0 many of them. but a considerabie number, who are and have been acquir- ing good stocks, paving for them in full with the idea of holding them for appreciation which is sure to come time. Manv of my friends in this category telling me cf their commit- ments ask my opinion 2s to the sound- ness of this or that stock The curious thi abou almost always they look market as #n entity in itself. In their minds they divorce it entirely fiom business. Take United States Steel common for example—and Steel is o used here to make the point—they s they have bought 5 or 10 shares or more, as the case may be. at such and such ‘a price, and then naively inquire, Stecl is all Tight. isn't 1t?" Now they are correct in assumipg that over a period of years a partner ir. the budl- ness of United States Steel will prefit but that is not to say that the market price of the stock may not suffer decline Instead of looking at the price of the stock, and this applies to all stocks of the investment or semi-investment type. it is the trade outlok and the carnings, present and prospective, which should be examined. If analysis along th's line is reassuring. the market price will take care of itsclf. (Coprright, CHICAGO LIVE STOCK MARKET CHICAGO, June 11 (®) (United States Department of Agriculture). receipts 19.000. inciuding 4000 : active,-15a25 higner than vester- average: bulk. 180-230 pounds, 7. few, 6.85: 260-350 pounds, i 140-170 prunds, 6.40a6.65; 6.15a6.50; packing sows, 5.10a5.70: light light. good and choice, 140-160 pounds, 6.35a6.65: light weight, 160-200 pounds, 6.5026.80: medium weight, 200~ 250 pounds, 6.65a6.85; heavy weight, 50-350 pounds, 6.10a6.75: packing sows, médium and good, 270-500 pounds. 5.00 /5.75; slaughier pigs, good and choice, | 100-130 pounds, 6.15a6.60. Cattle—Receipts, 5,000: calves, 3,000; active on all killing classes; strong to mostly 15a25 higher; long yearlings topped at 8.80; weighty beeves, 8.50; de- sirable light vealers firm, but weighty offerings 25 cents lower: bulls strong. Slaughter eattle and vealers: Steers. good and chtice, 600-900 pounds, 7.758 9.00; 800-1,100 pounds, 7.5029.00; 1,100~ 1,300 pounds. 7.25a8.50: 1.300-1.500 pounds, 6.75a8.60; common and medium, €00-1.300 pounds, 5.757.25; heifers, good and choice, 550-850 pounds, 7.258 8.60; commcn and medium, 5.25a7.25; cows, good and choice, 4.7526.25; com- mon ‘and medium, 3.7524.75; low cutter and cutler, 2.50a3.75; bulls (yearlings excluded) gcod and choice (beef), 4.00a 4.50; cutter to medium, 3.50a4.40; veal- ers (milk fed) good and choice, 8.00a 9.50; medium, 6.50a8.00; cull and com- mon. 5.0026.50. r and feeder cattle: Steers, good and choice, 500- 1.050 pounds. 6.00a7.50; commcn and | medium, 5.0026.00, the was was bor- I this is that at the stock 1981) pigs system, | \ ! Commer and large profits within a rea- | § B in | Al INVESTMENT BOND MARKETIS STRONG German Group of Dollar Se- curities Proves Exception to Upward Trend. BY F. H. RICHARDSON, Special Dispatch to The Star. NEW YORK/ June 11.—With the ex- ception of the German group of dollar bonds and a few of the other less well secured forefgn bonds, the inv market was strong today. The trading was typical of many se slons in recent months. No matter how | powerful the factors driving the general ist higher, there is always a group mani- festing weakness. The opposition of Aristide Briand of France and Ramsay MacDonald of Great Britain to a debt parley at the present time was taken | by the market as dashing German hopes | for an immediate revision of repara- tions ‘payments and thus imperiling Chancellor Bruening's position. The fear of a radical successor to the present | Berlin government led not only to heavy liquidation of German bonds both here and in London, but also to heavy with- drawal of American credits in Germany, according to Parisian advices. Young plan 51,5 dropped over 2 points | to a new low level under 66 Dawes reparations 7s worked nearly 3 points | lower to a new minimum under 96'. There were losses of 1 to 3 points in | German Central Bank issues, in Prus- sian s, Saxony 7s, Berlin 6s, Cologne 61.s, Franfort 6'.s, Hamburg 6s, Rhine- Jand Westpha Electric _obligations, Westphalia Electric 65, United Steel Works 6i.5 and many other German descriptions. The selling was in fairly large blocks at times Chilean and Colombian issues were off fractionally, in the South American group, though Argentine 6s held their levels' and _Brazilians. because of new Sao Paulo refunding agrecment and a firmer tone in coffee prices, con- tinued their advance. Australian issues were again stronger in quiet Other forelgm {ssuex were quiet. Washlngton Stock Exchange SALES. Washington Rwy. & Electr; at 90';, £4.000 at 30", Washington Rwy. & Electric com at 500 Lanston Monotype at 89, 10 at 89 Security Storage Co.—10 at 1047, AFTER CALL. Electric 6 Potomac _Electric 110%4, 10 at 110, Washington Gas 10374, $1,000 at Bid and Asked Prices. BONDS PUBLIC ic 45—$1,000 —10 5 at 89 | Potomac MISCELLA Ross. Ir STOCKS PUBLIC UTILITY. NATIONAL BANK District RUST COMPANY el Ga (i & 14 BANK Prince Georges 185 Wash. Loan & Trust SAVINGS FIRE INSURANCE. American (12 TITLE INSURAKCE. she T MISCELLANEOUS, ¢ & Ross. Inc. com Meaical Bidg, Corp Sand & Gravel pid Sec. pid. 17 a1 Storaze pid -Am. Co. com Co. 6 8 b Stores pfd & G. pfd Storage (de) & Wh. Corp el Corp 11 Che Mtge. com. (6 Med Blds Corp ward & Lothrop com Woodward & Lothrop pfd *Ex dividend bBooks closed. ca0c extra D25c extra. fine extra 5% extra. MERGER OF UTILITIES COMPANIES AUTHORIZED Security Ter. Re Ik} 30c1 Special Dispatch to The Star BALTIMORE, June 1l1.—Authority for the merger of the Conowingo Elec- tric Light & Power Co. and the North- | ern Maryland Power Co., both organized under the laws of the State of Mary- land, to form a new corporation to be known as the Conowingo Power Co., was given yesterday by the Public Service Commission. The new corporation is to have 21,143 shares of no-par capital stock and to assume all the franchises, works and systems of the two com- panies. In connection with the plans for the merger the commission granted the Southern Pennsylvania Power Co. per- mission to acquire 1200 shares, being all the outstanding capital stock of the Conowingo Electric Light & Power Co. for a price of $30.000. This is under- stood to be a technical detail in con- summation of the merger. Upon completion of the merger the | Susquehanna Utilities Co.. a Delaware corporation, is authorized fo acquire the 21,143 shares of no-par capital stock of the Conowingo Power Co. at a cost of $555,038.38. POTATO MARKET CHICAGO. June 11 (#) (United States Department of Agriculture).— Potatoes—Receipts, 28 new cars, 12 old: on track, 81 new, 30 old: total United States shipments, 1,387, new stock stronger, Lrading good; sacked, per hundredweight, Alabama, Louisiana Bliss Triumphs, 1.7522.00; ‘mostly 1.85a 2.00: cobblers, 1.75a1.90: Arkansas Tri- umphs, 2.00; North Carolina barrel cob- blers, 2.80a3.00: old stock firm, trading fair; Idaho russets, 1.75a1.90, stment | the | trading. | 10 at 89, 10 | Reccived by Private Wire Direct to The Star Office UNITED STATES. (Sales are in $1.000.) Low. 10218 103 11 104 24 10374 105 4 101 % 10913 114 Hign 4T K% 70 4% 64 620 601 1017 10115 Bales 5 13 mgh 80 761 6% 97 1074% Low (‘Vn\e 111 Cent 45 '52 80 111 Cent 45 % 111 Cent n‘rso. 111 Cent 5s. o 111 Cent 615536 ... 2] 1N CCSIL&N 6 AL, 1 111 Steel 435540 5 Inland St1 4755 A'78 11 Inland Sti 4s); 381 16 Int Rap Tr 5% 66.. 103 Int Rap Tr sta '66..120 Int Rap Tr 6s 3 Int Rap Tr 73 Int Cement os INt&GNa Int Hydro El 6 Int M Co int Maich 5 Int Pap bs s B @l | int Pap 6s '35 5 Int Rys IntT & It T& Close. 10220 10314 104 30 103 4 103 4 103 % 109 14 114 Low. Close 4in 4T Koty 263 69 70 LAb 3%s 3 L1st4)4s32-47. 29 L4th4%s 33-38 187 US3%s40-43.. 13 luSa%sar-as.. luSa%e XH UB4Ks 17-.,. e 106 ”H‘i 1047, 109 14 114 Sales. AbItibI P & P 6553 Adams Exp 4548, Allegheny 63 44 Allegheny 554 Allez Corp bs '50. Allls-Chalm 68" Am Ag Ch 71841, 103% 103x Am F P 552030, 7 5% [Am1GChgigs’ 450 6w oxi Am Netal 51553 T9% T Am N Gas 61354 12 11 Am S&R 1xt 58°47. 10215 1021 Ref 65°37.. 9 10415 1041 Am T&T cv 4148°39 1 130% . Am T&T 6865 ... 61 10875 1085 Am T&T ¢ tr §s 46, 10678 1067 Am T&T 58 5 £ 60 1085 10814 Am T&T 6% 43, 110% 1104 Am W Wks 6534, Argentine s 45, || Argentine bigy 62, | Argentine May 61 | Argentine 63 Ju 45 Argentine 63 Oc 5y, Argentine 6s A ‘57, Argentine 63 808 | Arin & Co 413 | Arm Del 6554 | Assoc 01165 '35 | Atenison ady as i, | Atchison gen 4s ‘95 Atchiscy 4las ‘41, lAtC Leolas's AtCL4%s6s... | At Ref deb 55 37, | Ausiralia 458 36., Australia bs Australia 6s 57, | Ausiria s Austria 7 |B&O4s s, ., 100 L&kU4Rs" 100 B&Uconv 438 60 L& Oy D Zovy. B&OU6s B&O 1 B & O Tole | Bk ot Cn % ltaly Pub s Japanese 558 ‘65 Japanese 61y Juzosl Bank 7s'37. Kan CFis Kan City Ter 45 °60 | KanG & 13 4%s 80, Karstadt 68°43. . Kreug & Toll 68 5 9% | Lackaw St §3°50. .. 102' Lac G L 8 ‘36, 10315 | Lacleds hlgs C i3, 1008, | Laciede 3% D60, Lake Shore 3158 97 Lautaro Nit 6s '64.. 2 Leh Valcv 4 93, lig & Mvers 78 "44.. Loew's fs ex war Loriiiard s '61. Loriilard 513s " I.& N uni 4s 'lll L&N 41452003 L&NIstrfsys... McKes & R 6% 8°50 Manh Ry 1st 4590 Market St 7s 40.. Milan 6%s 6 Midvale St 6 Al E Ry & L«a"l M StP&SSM con ¢s. M SIPESSM 635 MK & T 1st 4550 MKA&Taiibs'67. MEK&TprinbmA. Mo Pac gen 4s Mo I'ac §s A "65.. Mo Pac bs F '77.. Mo Pac bs H'80. 3 Mo Pacref 63 '$1. .. 5 . Mo Pac 5338 cv 49, ! Mont Pow §s 43 Montevideo €5 Montevideo Ts .. i Mor & Co Ist 41as. . | \'a! Datrv 81, m 48, Nat Ry M 4138°57.. NOT&Mb5is 54, New S Wales 6357 New S Wales 63 '58 M &SL 18t rf 452 NY Cgn 3} 10215 10005 1120 6 109 1014 611 611y 10615 it 981 100 1067 100 105 107% oA 64% b3 PYEN 1077 Sila 4541 0 4350 e tiay o Bk of Chile 6% 61 Batav et 4155 4z, selgium 6s Belsium Ts Belgium 73 '56 Tel 1’4 bs k Heil Tei J'a hs C Berlin Cy § tlin CyE Beth Sicel pui oy Beth Strf s ‘4 | oli 8 via 75 ‘64 Holivia 85 45 Bordeaux 63 '3 Hos & Me 5u '35 5 & Me is'6 Brazil 613 26, ..., Brazil 6ias 27, . Brazil 7s azil 8s 41 tremen 7s '35 Bi Ed sn A o544, EKiyn Elev 6igs. .. BKIyn Man 6s 68, P est 65 '6 Buenos A 5561 I'v. BUff Gen ki 413581 BR&PIU4Is S Bush Bush NY Cenrf 43452 NYCreim 58 2013.. Y Cent At 68 '35 N Y Ed 1st 614841, NY ELH&P 45 '49.. NY NH&H 3 NY NH&I NY NH&H NY NH&H NY NH&H clt 6s. .. NY NH&H cv db 68 NY O&W 18t 48 ° NY Rys Inc 6s 65. . N Y Tel 4138°39... N Y Tel 6s°41. N Y Tel 63 49 NY W&B 43846, Nord 648 °50. ... Nor & Wnev 4s§6. No Am Co 55 61, N A Ed'son Nor Am Ed 5 Nor O T & L 6s Nor Fac 38 2047 Nor Pac 4897 Nor Pac r16s2041. Nor St Pw 68 B '41. Norway §s ‘63 Norway 5lgn Norway 6544 | Norway 6s ‘52 Blds &s 6. e 312% 56, 4s65... 445067, Canada 4s ‘60 ta Can Nat4igs an Nat 48 Can Nat iy an Nat 4% 65, .. "an Nat bs Uct 6y, Can Nor 4i3s '35, .. a1 Nor 6izsdb 46 ur isdeu 4u. Fac dev 48 an Pac 4iys 46 Car Clin & 0 enbac 4x 4y ent k'ac bs 60, Cen PUPREINE o4 68 an ‘an ¥ Nd g 5887, 1dev ulys 48 Ches Coip és '47... eri- 5 6 Chi M & St ad) b8 20 D&NW g 548 87, ChI&Nwn 4138 2037 1 Chi& NW con4%s.] ChI&NW rf 55 2037 Chi& NW 638 36, Chi RI&P gn 45 '88. hi KL& Prrdn’ Chi R 1cv 4t ) B Orez-Wash 4861, . irient dev 5135 ‘58, Jrient dev 63 53... Pac G & kI 5342, ac T&T ist Pan-Am Pet t6e1 aramount 6s Paris-Ly M 6s Paris-Or 515 athe Exch s '37 Penn gen 4145 '65. . Penncy 415860, fenn 413570 Penna 41 s D31 Penn 43,3 63...... Penn 5 °64. Penn 6% ‘36 & W ono cv 4s " C& W ind 5las 62 Chile 63°60. Citle 63 61. . “hin Gvt Ry SEE Clev Clev Term 53 °73 ‘lev Term 51ys { Cologne 6135 50, olomb 65 Jan 61, Colombia 63 Colon Uil 6 104 105% 111 s 1045 1067y 111 Peru 6s 60 Peru 6s'61.. Peru 7s°59. .. rhiia Co o867, Pnila & Read 6349 Phillip Pet 538 '39. PCC&StL 44877 Poland 6s'40. Poland 7s '47. Poland 8s 2 Port Gen El 413560 Porto Alegre §s'61. Pos Tel & C 53 °53.. Prussia 65 5 Public Pub Sv G418 6 Pub Sv G 41687 Pure Oi1 5158 '37... Queenland 6s 47, Queenland 78 °41. Read gn 4148 A 97, Reading 4'3s B, ead Jer Cen 45 51 flein R 5% s A 47 Rhinelbe is 46 Rhine ‘West 63 '52.. Rhine West 6553 Rhine West 6s Rhine West 7s 1210 de Jan 63 n De Sul 63 '68. R Gr De Sul8s .. RIAr& L 4%s 34, Rome 614852, .. Roy D 4545 ww. | StL IM R&G 4833, StL&ESFIndsA.. StL&SF 44878, St L&SF prin bs B. St L & SF gn 6s St LS WV Ist 4 LSWevdnai.l |sire Ldlas. Sao Pau Ts 40 rcin. Sao Paulo 85 '36. Sao Paulo 8s°69 | Saxon 7s"46. . Seab A L. cv 6845 Sea All Fla 63 A '35 Seine 78 '42. Serbs-Cr-S] 78 '62 Serbs-Cr-S183 '62.. Shell Un O11 47, Shell Un O11 5849, Shinvetsu 6% Sinclalr Ofl 6% 8’38 Sine O Tacy A 'y | Sine Cro 51438, 2| Sine P L 5842, Skelly O11 574539, 1 Bel T&T b3 41, W Bell T bs A 'b4. Sou Pac ref 4s '56.. Sou Pac 4%5 '68. Sou P 414869 wuw. So Pacific 4148'81..1 Sou P&OT 44871, Sou Ry gen 48 ‘58 | Sou Ry 6s ‘56 Sou Ry 6% StOIINJ 6848, ... 38 StOIIN Y 438 '61. Sweden 5%s ‘54. . Tenn EI P 6s A 47, TIer As St L. 4s°53.., Tex Corpev bs 44, 1021, | Tex & Pac 5s B*77. 100 | Tes & Pac bs s.. 12 Texas Pac 55 D80, 9 106% Third Avref4s's0a 31 ‘om Inves 58 € C Md Istrf b5 ‘60 Con x'mu.uou,,. “on Pow Japan 78 Copenhag 4158 '3 Copenhag by 52.. Cuba Cuba R R 58 52, Cuba RE1f 73553 Cubs Nor b las 42.. Del & Hus rf 4s°43. Del & Hud 535 37, Denmark 453 62. . Denmark blgs " Denmaik 65 42 D& RGrgn 4y ‘36, D& RG W 5885 DRG& W st5s 78 Det Kd G& 1422561 Det Edison rf 5s '49 Deutsche Bk 65 52 Dodie Br cl 63 40, Donier St is Duquesne 443 67. Duteh East I Ma | buten Kast 165 Duteh East 1 65 ‘62, El Salvador §s 43, Lirie 1sLcon 43 ‘46 1057, 105 79 | 105 ity 1011y 1061 901y 105 tate 1009 106! o 52, 106% 10514 1 101 101t 101 10i% 1011 101 101 a8 88 el *5 i Py Erie 5875 Ftat Tsex war '46. Finland 6138 56. Emiand Kla ks Coast 5. Fram 1 D17 Krench 7 French Gvt 7 17 108 103 sl 118 125% 125% 857w K3 uNle N 1031a 1054 921y 4l e 80 il g4l Gelsenk'chen 6534 14 Gen Baking 5las'40 17 Gen Motors 63 o Gen I’ Sv 5y 3 Gen Th Eq 63 40 German 5138 65... 246 German Bk 65 ‘38, . r Cen Bk 63607 4% r Cen Bk 65 60 O 129 29 40 6414 Taty 6y German 7s rep 49,150 Ger Gen E1 73 45 Goodrich cv 6345, Good 1St 645 Goody'r Rub 68 "97. GrandTr af db 6536 Grand Trunk 7s ‘40 Grt Nor 414876 D. Grt Nor 41817 £ Grt Nor 58°'73. Grt Nor gn 58 ‘62 Grt Nor sen 7336 eek 65 '63 Halt 63’52 Hoe & Co 643 Hud & M ad) 68 °57. Hud & M rf 536 Humble O1] 553’ ) Hum O&R 5 %8s 10245 10: Hungary T%s "44... 100 994 INBTistpfSsAm § 106% 108 1001, 455 1061 107 100 451, 1061, i R3te 1081, 113 98 974 991, 1091 110% 83 89 PN 78 994 101% 3 108 1081 13 113 98 u8 TR 96N 4g1y 9 o1 214 0% 100 TN 103 1065 100 80 1037 106% 103% 1035, 988, 981 105% 105% 107 106 95 1091; 109 110% 110% 5 .83 83 89 881 434 43 78 . 100 991 1015% 101 86 1 16 3 917s 6219 92 2 92 92 6% B4% | when { the western pa | wheat | dented weather | force the recovery (CANADIAN WEATHER (AIDS WHEAT PRIGE Unfavorable Outlook for Spring Crop Proves Strong Market Factor. BY FRANK 1. WE Cash wheat prices, which lost 6 1o 8 conts a bushel at the principal markets Government port was with- drawn, probably will continue relatively ng so long as the Canadian Sprinz at outlook is bad. trade knew as tcon as ased and the fa s are no lower than they reflects the impor- tance atached to news from the prairies, s advanced the Canadian Spring wheat ma t about 2 ce It was sai the t el compa nipeg that reports tence had come from an wheat country ‘There acreage, he said, which cannot vived 10 produce more than half a crop even if rains come immediately reports indicate that the erop will be worth much on 12.000.000 acres less moisture needs are met at once Caondition Reported cash stab would buying prices are not un- Critical A Cana that. practic iest production wa tion. Plants, a< a shot blade with 4 inches. C caused furthe a loss of nearly ent repo: re area said hea: tical condi- are in the averaging the ey inac ale d reduction of acreage ge from dr a d product wood gen 10 miz} the s biy, observe 1d the United States Win- vary cc rably. A. E. Federal erop reported through is 288,700,000 rain before J uation cons { ter wheat belt | Anderson ! statistician that in a . 100. sl se damaged conditions. He said a worse combination of circumstances for wheat pr + for State { 42.000.000 bu 5.000.000 1o 30.000.000 e ye teran prospective vicld compared w bushels {c asi f ar prices the The cxpected decrease s their wheat 1.467.000 000 bush and ship ov June 3 pared wi Subsidy Discussed absorb- charges draw ducts trade awa in op new Ove present age are sald 1) be as whes Feed grain markets are Offerings are of only but ime, equal to trade main practica anged from a weck ago Brokers® Comment Brokerage market as many be- NEW house YORK. June 11 egard the stock largely professional now. but 1 he encouraged bull faction will work for higher prices now that the midwe-k news is out of the way. Opin- | ions inciude Shields & leaders have Co the ~1f the professional courage. they can further and give the list a botter tone for a while Hornblower & Weeks—We feel that it will prove more profitable to watch the action of the market itself rather than pay too much attention to outside factors. inasmuch as it must be remem- bered that at this time it is usual business activity to show some decline. Redmond & Co. the rally may carry but there is still It looks as though somewhat_further, nothing in the busi- | ness situation to indicate anything bet ter than a trading market for th- bal ance of the month. probably within the limits of last week’s lows and a few points above yesterday's closing levels. The real test of the market probably will b: delayed until after the second Guarter reports begin to appear. Theie is as vet no evidence that the liquida- tion m: necessary by tt unfavor- able situations which have devcloped in tha last few months has been com- pleted Sales Third Avadi §a 160 High Low Clnce. 2815 3slg a1, v 9yia oy 100% 100% a4 94 & ar aus Toho Kl Pow 6" 497 Toho El Pow 78 55. Tokio 515861 Tokio El L.t 65’ 53 Un Pacrf 4s 2003, 'n Pac 4155 '67 - Un P istrf 55 2005 Unit Druz ev 5s 53 Utd*King 6168 37. 1S Rub 18t i8°47. U 1WE'gs AT Ud St W 6'38A %5 Td SEW 625 C 51 Unit SS Cop 6537, Uruguay s '60 Utah P & L 5 Ut Pow 5: Utll Pow 5% Vienna 6s 52 Val i'u(‘fi‘_’... Va Ry & Pow 68 '34 Va Ry Ist6s°6 Wabash 47%s 78 Wabash Ist os 3 Warn Br Pic 6s Warn Quin Warner Sug 7s '3 Warsaw 7858, .. West El deb bs 44 West Md 45 'b2. West Pac 6s "46. . West Un Tel 6351, West Union 55 '60. . West Un T 6%3'36. Wh Sew Mch 6340, WiIl-Ov 15t 634333, Wil & Co I1st 62°41. Win R A Ts'41.., Wis Cen gn 4s 36.. Yokohama 6s TRstn Sn&T 58 Xng SU&T 58 B'70. fl 100 104 1045 1 o 1001 2 100 « 103