Evening Star Newspaper, August 17, 1931, Page 15

- INNARROW RANGE Investment Trusts Prove Feature in Trading—Pivo- tal Shares Lower. BY JOHN A. CRONE. Bpecial Dispstch to The Star. NEW YORK, August 17.—Olls fea- | tured the upside of today's irregular Curb Exchange session. Public utilities and some of the industrials were offered ' freely in the forenoon, but investment | trusts continued to move forward. The market leader, Eiectric Bond & Share, opened off % point, and prompt- 1y widened the decline by more than a | t. Cities Service worked fraction- lower, The trading element feels more cheer ful about the ofl outiook than at anys time previously this year. Beginning { with June 3. on which date the Stand ard Ofl of New York-Vacuum Oil cos bine was approved, there has been a ' growing sentiment favoring the lower- ed oils. This sentiment was not changed by the ordering of martial law in the Texas ofl fields tod: Although ofl output has mounted steadily, gasoline stocks have decreased at a rate faster than seasonal. Because of the glut of oll, drilling operations have virtually ceased. The result Is that when the present flush production | es its peak, the output side of the | Padustey will improve materially. On | the demand side the oil outlook will | be brightened by any pick-up in gen- | eral business. These beliefs and observations - were transmitted to the | today, with the result that the follo gains were recorded by mid- | day: Gulf Oil up 1%:; Standard Oil of Indiana up % and A. O. Smith Cor- poration up ’:. Atlas U&lltm. which led the entire market in point of turnover during the first 45 minutes today, was the most active of the trusts. but Chatham- Phenix Allied Corporation, which Atlas | has acquired, made the best showing price-wise as it rose 2'; points Ford Motor, Ltd., was off about a half point, despite Belgian cabels telling of the increased sales of Ford in that cauntry. Cord Corporation eased after an initial bulge, but Stutz Motors moved forward. Two soft spots were especially notice- able in the public utility division. Rochester Gas & Electric preferred broke 2% points and Tampa Electric fell 23,. Associated Gas & Electric cer- tificates and Consolidated Gas of Bal timore made substantial gains. Accumulation of Phillip Morris is said to be completed, but it was the most active miscellaneous industrial in the first hour and barely budged in price A break of 5 points in Great Atlantic & Pacific Tea and increased activity and steadiness in MacMarr Stores fea- tured the chain store stocks. Wool- worth, Ltd., which opened slightly lower, yeversed its trend after President Par- sons, back from a two-month European trip today, told of the sales gains being by Woolworth in Germany as a8 Great Britain. Grajn Market By the Associated Press CHICAGO, August 17.— Downturns in grain values received emphasis late “Eh\m 3,006,000 bushels increase of the United States wheat visible sufiply. ‘The increase made the total stock in | sight 223,949,000 bushels, a new all- time b%toaonurd. which eompared with | 175,020, els a year ago. Sep-| tember corn in outdid the season's ! bottom level, | ‘Wheat closed nervous ;-1 cent lower ! than Saturday’s finish; corn, 3g-7s Off; | oats, 1-12 down, and provisions vary- ing from 2 cents decline to 5 cents advance. CHICAGO STOCK MARKET | By the Associated Press CHICAGO, August 17.—Following is the complete official Jist of transactions in stocks on the Chicago Stock Ex-i High. Low. Olose. ! L35 3 x| 3823 331 53 5383535 b sissaial 3a8 FIR I P T e Huite xS0 888RES ESER Sisisthestietuet le. | | g iried spgve commeg Statisties Co.. Inc., Note—All stocks are sold in ene hi ~Prey. 1991~ High. Low. 81y 24'x 1031, Stock and Dividend Rate. i Acetol Prod A . 5 Affiliated Prod 1.60. . Ala Pow pf (6)...... 258 Aluminum Co of Am 3258 Alum Ltd cum pf(6). 1 Am Austin Car 1 Am City P&L (A) a3 Am Cit P&L B b10% . Am Com P A (b10%) Am Com Pr B(b10%) Am Corp (f1be). Am Corp war. Am Cyanamid B.. Am Equities. .. Am For Pow war. Am Found s Am Gas & Elee (11). Am Gas & E1 pf (6).. Am Yvetie (25¢)..., Anglo Chil Nitrate. . Arkans NatGas A. .. Ass0 GRE] (A) (al). & i ct (8) Asso G&E all ct 1.60. Ass0 G & EI pf (5) Asno G & Ei war. . Atlas Plvwood (2) Atlas Util Corp.~.. Atlns Utilities war oVM ev pr pt 0c. Bahia Corp. Bahia Corp pf Bickfords pf ( Blue Ridge Corp. ... idgeev pfas., Borne-Scrymser. ... Brazil Trac Lt&P(1) 2 Brit Am OIl C (80¢) .. Buckeye PL (4)..... Burco Ine. . Burco Ine s Burma rets 127 3-5c. Cable & Wire A rets, Cable & Wire B rets, ‘ab & W pf rets 19¢. "anadian Marconi. .. ‘ent Pub Sv Del “ent 1h Sve A b6 % . “ent Stat El (b10% ). “ent St E pfnaé. ‘ent Kt El pf xw(6). ‘ent&Swn 1't (b7 %) tent West P S A pl Chain Store Devel Chain Stores Stoc Chat Phoenix nv (1), Cities Service (g30c) Cities Serv pf (8)... Claude Neon Lts Inc. Cmwlth & Sou war. . Com Wat Ser gl2%ec. Consol Copper. Con Gas Balto (3.60 “ont Shares cv pf Cont Shares pf (B) Cord Corp Creole Petroleum Crocker Wheeler. Curtiss Mg Co (A).. Dayton Air & Eng. Deere & Co. ... De Forest Radio. . ... Deisel W Gilb (1%5). » Derby Oil Refining.. . Detroit Afreraft. Draper Corp (4). DressSRA (3%). Duke Pow (5)...000 Duquesne Ga Durant Motors. East Sta Pow (B). Eisler Electric. .. Elec Bond&Sh(b6%) 246 Elec B& Shcupfs.. lec Pow Assoc A (1) ec P & Lt op war. . El Shareholdg (b8 % ) Empire Cogp........ 1 Emp Dist Elec pf (6) Emp G & F cu pf(7). Kurop E Ltd A (60c). Fairchild Aviation. . Faleon Lead...... Fansieel Products. .. Fedders M{g €o A Florida P & L pf (7). Ford M Can A (1.20). Ford Mot Frn 373%e. Ford M Ltd (36 3-5¢). Foundation For Shs. Fox Theater (A). Galena Ol Corp GenElLtdrets353-bc Gen G&E cv pf B(6). Gen Theat Eq ev pf. . Globe Underwr (15¢) Goiden Center. . Gold Seal Elec new Goldman Sachs GUAt&PTnv (16%)- Gt At&Pac Tea pf(7) Gulf Ol of Pa (1%). Hamilton Gas rets... Happiness Candy . : Hollinger Gold Horn & Hard (213) Hudson Bay M & £, Humble OI1 (1213 ) Hydro Elec Sec 1.40 Imp O}l of Can (50c) Indiana Pipe Line( Insull Inv (b§% ) Insurance Sec (40c) Intercontinent Pet n Int Petrolenm (1) Int Saf Razor B(1) 2 1 1 2 0 1 s 1 1 50 CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, August 17.—The follow- ing is & summary of important corpo- ration news prepared by the Standard New York, for the ted Press Weekly News Review. The actual movement of the stock market for the week ended August 14 as indicated by Standard Statistics in- dex for 90 stocks, showei an increase of 5.9 points. From 107.6 on August 10 the index rose to 113.5 on August 14, industrials. rails and utilities all moving to_higher levels. The bond market moved irregulariy lower, with the most outstanding weak- ness being shown by the rails, especlally among the second-grade issues. This may be largely due to the fact tiat, judging by the six months' statements And the delay of carloadings to record the usual seasonal increase, it now seems probable that many roads mav not be able to meet their obligations on the “legal” list for 1932 and that a number will not cover fixed charges for the current vear. Although steel operations increased about 1 per cent, to around 32 per cent of capacity, they still remain at an ex- tremely unsatisfactory level. Favorable factors. however, are the subnormal stocks of rolled steel and pig iron sup- plies in the hands 'of consumers. As yet it is not generally felt that there is & definite improvement in the sieel markets which is customary in August when a strong Wall business revival is in the making. At this time of year it is always inter fVe the trend shown by ear earnings. The first 462 companies to report showed a decline in first six months’ net esrnings of 43 cent from the corresponding period last year. Of the three major groups, utili- ties made the most favirable showing with a giin of 3 per cent, while the rails and industrials esch declined 53 per tion defi- cent. The Companies. had Consolidated Textile Corporat cit, six months to July 4, $500,379; deficit of $1.373,788 in six months to i Tl six months to cents. common share earnings, June 30, 28 oents, vs. T4 -tueum-[ 44 cents, s, . Motor Car undred excepting those designated by the letter s (80s) Baler— Add 00. Open. Hizh. Low. Close o THE EVENING STAR; WASHINGTON, Received by Private Wire Direct to The Star Office Stock and Dividend Rat Int Utilities B.. ... Italian Superpow A .., Lake Shore M(11%), Lone Star Gas n 88¢. MacMarr Stores (1).. Magdalena Synd. ..., Mass Utll Assoc Mavis Bottling (A).. s' May Radio (1)...... Mead Johnson (t4%) s Metal & Mining. . Met Edison pf (8). .. Mid West Ut (h&7% ). Mid W Sts Ut b10% | Mo-Kan Pipe L (A).. Miss Riv Fuel bd rts, Mohawk Hud 24 (7). ¢ Mon WPPSpfi% Moody's TS pt pf Moore Corp L (1)., Mountain & Gulf. .. Mountain Prod (1) Nat Ameriean Co Nat Family Stores Nat Fuel Gas (1) ¢ Nat Investors 7 Nat Pow & Ltpf (6). 2 Nat PubSv A (1.60), Nat Rubber Mach. Nat ice. . Nat Sh T Nat Unfon Radio. . 4 Newherry (J3)1.10., New Eng Pow pf (). New Eng T & T (%) New Mex & Ar Land. Newmont Mining. ... N Y & Hond Ros (1). N Y Steam n (2.60). . Niag-Hud Pow (40¢) Niag-Hud Pow A w., Niag-Hud Pow B w.. Niag Sh Md (40¢). Nitrate Corp Chile B, Nor Am Aviat A war, North European Ofl.. Ohio Copper Ohio OIl cu pf (6) Ohio Pow pf (6). ... Pan Am Afrways. .., Pandem Ofl. ... Paramount Cab Mf| Patterson Sarg (2). . Peninsula Tel (1.40). 50, Pennread Corp (40c) Penn Wat & Pow (3) Peoples L&Pwr (A). Perryman Electrie Philip Morris Ine. ... Phoenix Recur Corp. Pilot Rad Tube A Pines Winterfr (1) Pitney Bowes (b4 %) Plymouth Of1 (1).... Prod Roalty (h10%). Prudential Tnvest. Pub Util Hold war. Pub Util Hold xw. Pure Ofl pf (6).. Republic Gas Corp. ¢ Reybarn Co a8 Roch Gas&E pf D(§) 100, St Regis Paper (60). Seeman Bros (1). Sexal L & H (afte) lected Industries. . ShawiniganWap 214 : Shenandoah Corp. ... henandoah pf (a3) . Sales— Add 00. Open. High. 11 6% 6% 2% 27 16 1% W hare lots | ~Prev. 1931~ (2508). h. Low. EaN 27% 16 Ay » E » 3 BRI TV I-JOTSTPIUeS- PRS- SR~ - o P e JOp 2000 2019 = R0 ke Smith (A 0) (2) Solar Refining. .. S0 Am Gold & Pla South Penn Oil (1) SoCal EApfB (14). Southid SW D SW Spieg May Sternpf.. Stand Motors A Stand Ofl of Ind( 1).. Stand C Strauss (Nathan). Stutz Motor Car Sulliva Sunray Swift & Co (2). Swift I Tampa Technicolor Inc. . Tech H Tran-C Trans Lux DLP 8 Tri-Utilities Tubize Unger nian Oil Assoe ( nit Corp war. . “nit Founders. it Gas Corp “nit Gas war. Tnit Lt Tnit L TS Dairy (B). lec Pwr Int 78 Lines pf. & 78 Plaving Card 21 425, niving (1%)...... Tt PELt(at1.023), 28 t P&l Tt] & Ind Uthity Vacuum Of1 (2) Van Ca Vick Financial (30e) Wenden Copper-. ... .. % ~ 1 Woolworth(FW)Ltd 7 Ol & Gas » 124 Dividend 1 nual payment Pavable dividend. f Plus 5% | stock § Plus 2% in ' | stock. n Plus 8% in 31, $580.460, vs. deficit, $145,720. Western Pipe & Steel Co_ of Califor- nia reported unfilled orders June 30, ag- gregated around $5,000,000 Columbia Carbon common share earn- ings. six months to June 30, $1.60, vs. | $3.19 International Railway $7 preferred share earnings, six months to June 30, $1.85, vs. £763 Standard Oll (Indiana) gasoline price in St. Louis 3 cents a gal- lon to 10.4 cents, plus 21, cents tax. Virginia-Carolina Chemical deficit year ended June 30, $369,606, vs. net income, $1407,003, equal to $2.63 a $6 participating preferred share Empire Steel Corporation July ,0p- erating profit, $£7,243 vs. $4,800 in June; accounts payable reported re- duced $100,000 during July Pashion Park Associaies’ July sales. excluding controlled companies not wholly owned, off 115 per cent Interborough Rapid Transit expected to purchase property of New York & Queens County Raflway Co May Department Stores reported dol- lar sales volume six months ended July 31 off 325 per cent, physical volume above yéar ago. United Shoe Machinery operations STOCK AND BOND in_cash_or cuts ethyl | 1 Rovalty 20c., ry Products. . s Utilities Dil of Ky 1.60. n Machina Ol (h5%). b el rra BTl ocraanu38 it - En A sun S uasaaan e nternat ()... Electric (32). ughes (8(e) ‘on Air Tran Cantillon (B eider Fin p. ., =mo & PwA (1), & Pwr pf(6).. er Sec L B(at1.02%). Equities..... mp Pkg pf by 11% % or semi-an- | iPlus 4% in stock. | * Adiustment | hPlus 1% in m Plus 3% 1n | a6 resuiar rate. 115 2 I based on last quarteriy "Parly exira b Pavable in 'stock, g Plus slock. k Blus 10% stoek. p Paid last ¥ increased at Beverly plant to 515 days | week from 5 days. Allegheny Gas Corporation passes | preferred dividend: previously paid | $3.50 semi-annually Calumet & Hecla Consolidated Cop- per current output reported around 30 | per cent of capacity. Copper Range Co. reported output around 1,500,000 pounds monthly, vs 2,000,000 pounds normal output past few years Ex-Cell-O Afrcraft & Tool deficit six months to June 30 $134,183, vs, deficit $238,533 Jewel Tea Co. common share earn- ings 28 weeks to July 11 $2.81, vs. $3.17. | Super Maid Corporation deficit six | months to June 30 $156,289, vs. net in- come $117,111, equal to 80 cents a com- mon_share. Woolworth (F. W.) Co. sales of Eng- lish stores to first of August up 13.4 per cent. German store sales up 28.5 per cent in July American Cyanamid Co. common share earnings year ended June 30 22 cents, vs. $1.87 Detroit Edison common share earn- ings 12 months to July 31 6883, va.l A campaign against excessive sun bathing is being started in England. AVERAGES By the Asvociated Press. MONDAY, Today e, Previous day Week ago Month ago Year ago . Two years ago.. Three years ago High, 1931 Low, 1931 High, 1930 Low, 1930 High, 1920 Low, 1929 08.2 113 . 1039 AUGUST 17 STOCKS. 50 Industrials. D. C., MONDAY, AUGUST 17, 1931. New York Cotton| Special Dispateh to The Star. NEW YORK, August 17—The cotton market came under renewed pressure today as the result of an easier stock market and absence of excessive rainfall in the cotton belt, which was seared at the close of the week. Prices lost all of Saturday's recovery and ended with a Joss of 18 to 22 points on the day. Spots were reduced 20 points to 6.85. Cotton range: 133 Qctober .. December . Markets at a Glance NEW YORK, August 17 (#).—Stocks weak; popular shares fall 2 to 5 points. Bonds; eavy foreigns active ©Ow== heavy; utilities under pressure. For- eign exchanges firm: sterling and reichsmark gain. Cotton lower; easier cables, Wall Street selling. Sugar easy; Europear: selling. Coffee steady; Bra- zilian support. CHICAGO. August 17 () —Wheat easy; hedge selling. lower stock mar- ket. Corn easy. forecast showers, bear- ish Towa reports. Cattle steady. Hogs steady to higher. BONDS ON THE Sales in DOMESTIC BONDS, Low, 991 Cmwlh G&E 55 G & Pow s 8 Appaiac Gas 18 Appaiach Pow 53 "6 13 Arkans P&L 5s ‘56 27TAss0 E1 Ind 41ax 83 . 6 Asso G&EL 5'25 '48 35 Asso G&E 415 ‘49 © 34 Asso Gas&El 5s '50 39 Asso Gas&El 55 '68 104 1 & 76 Gen Pub Ser Sius ‘49 7034 17 Gent Stat Elec 55 '48 611 3 Cent Bt El Sias © '54 64 Gent 8t Pl ! oo Service' 55 2 Gities Service 5 2Cit Serv Gas 1 & 55 '56. 45 70, A 1o 48 | al 8z Fow 4las & E 55 A 2233geinssye sassseanintey 1 Gon 22 Consum 33 gont G Ty B8 s 3Edis EI Bost 55 10Elec P & L 55 A 2030 8 P 1P 12 ¥l 11 G n Ray 65 A 48 Lid 4 orgia Power bs '67102% lidden Co S'as '35. 88 B oizs A% w 9398 200! 592 3332223 3nzrsags =] O ilin P&L 22 Indnap_P&L 8 Insull Utili 6s S Intern Sec Am 35 22 Interst. Ty 3 Inves Co 55 A "47 ww 2 lowa-Neb L&P 8s 57 ilowa-Nb L&P 83 B 61 1lowa Pub Berv 5s '57 8 ) 3 etro Edison 4s '7i id Bt Pet 6'as A 45 id West UL 55 ‘33 cv 96! id West Gt 5% ) EEEEE: 5 H 0. > T & L 1 Niag Palls Pow iNor Ind P 8 85 1 Nor Ind PS 4las E 24 Nor Stat Pow 4lss '6) 1 No Tex Ut 7s '35 xw 3¢ Ohio Edison 55 60 13 Ohio Fow 4128 D & E1 55 ‘50 10 Pacific G&E 41y 15Pac G & E a8 6s D 2228 3858 TipPS 548 rvel 53 ‘48 3 Inc W&P Faanie &) Zsn8222e 335! 253 Calit u Calif Gas 4125 9 Southern N G #s 4 Southw G&E 8x A &P 8128 A 3 1 South Li 57 7 Stand 9 Stand Ga 3 Stand G Co 85 ‘4 Bt % fec by < <ch 5 24443, Ves Tex Ut 3 viscon P&L 5s P FOREIGN BONDS Jts Bank 7o 48 Mtg Bank 74 47 i s 47 50 t 7, R g ES i ] ;_,.._ K 2! 9 5 % o 13 » 3 FEe 3us38d r 5 i3 S i £ g2assyus (3 . jsemsiunzasugnasniaussazsass . Everybody’s Business If the Fall Revival in Trade Materializes the Upward Trend in the Securities’ Markets Will Be Continued—Good Stocks Deflated. BY DR. MAX WINKLER. Special Dispatch to The Star. YORK, August 17.—On the basis of recent developents, it is| hat the constructive activities in the securities' In other words, if a trade recover; the making, as some people believe, one may lool NEW not at all unlikel markets may continue. Fall is m for no serious reversal of the upward trend, out- side of such recessions as may be occa- sloned by technical considerations. If, on other hand, trade barometers should once ng’lln prove disappointing, the rise which as been going on for the past week may prove of only a transitory s character. ; The market, on careful analysis, is still replete with too many anomalies to justify a uniformly optimistic attitude. That the majority of the better-class se- curities has been completely deflated is manifest. Automobile Business. The automobile industry in the United States is a fairly dependable barometer of the general state of business in the coun- try. fore, Improvement in that line is, there- an indication that the tide has turned, or is about to turn, and that things are moving in the right direction. According to A. L. Miller, president of DR. AX ‘WINKLER. the Willys-Overland Co., sales for the month re; past tered a gain over July, 1930, of almost 16 per cent. Mr. Miller adds that the company's profits for the first half of the cur- rent year are in excess of $300,000, a marked improvement over 1930. Equally cheerful reports come from the leader in the field, Gen- eral Motors, whose financial position is unusually strong, with cash of about $146,000,000 and holdings of United States Government bonds | and other securities of well over $100,000,000. Oasis In Desert. An oasis in the American business desert has been found in Winston- Salem, N. C., the home of the Reynolds Tobacco Co. The tobacco business is the town's biggest industrial establish- ment and this line has been relatively immune from the effects of the depres- sion. tions or lay-offs in the 12,000 employes. In fact, the Reynolds factories were obliged to put on & night shift to take | care of orders. All this is being re- | flected in the price of leading tobacco shares. ‘Wheat Prices. People usually well versed in matters pertaining to agriculture feel somewhat more cheerful about the future of wh prices. This optimism is based upon an estimate made by the International In- stitute of Agriculture in Rome, accord- ing to which the world output for the current year will not be sufficient to meet irements. It is, therefore, be- lieved t the existing supply will have to be used for the 1931-2 season. A former member of the finance and investment division of the Bureau of Foreign and Domestic Commerce ac- cuses the Department of Commerce of having, for political reasons, it would ‘There have been no wage reduc- | t a considerable amount of | | more than the figure given by the Com merce Department. | The controversy is now being investi | gated under the auspices of the Amer- ican Economic Association. Horoscope Reader. | The Bank for International Settle- | ments has appointed an official horg- | scope reader. Per Jacobsson, Swedish | economist, and identified for years with the powerful Kreuger & Toll combine, has g:en engaged by the bank to find out ahead of time which countries are likely to have financial difficulties and |to take measures to ward off critical situations. p Although we sincerely hope that Mr. Jacobsson will succeed where every one else has failed, we merely wish to state that, while ?hylk:nl ailments are more or less readily detectable, aconomic ilis | cannot very easily be diagnosed until they have done the d In any event. the continuance of a - sympa | thetic attitude by the bank toward | foreign countries is expected as a re- sult of the appointment. Foreign Commerce, The decline in America's forei commerce, especially with Central Europe, is reflected in the market for | acceptances. These are bills of ex- change payable at a future date, which the bank it is drawn upon accepts prior to maturity by formally acknowl seem, manipulated certain statistical | that it is an obligation for which it 18 data. Among other items, it is pointed |Jiable. The drop for July is ;::lt llh:'. Amer‘l"cu r;eyt :hxpot‘rt of flplz to be the severest in any single month, last year, given e department | a5 recorded by the American Acceptan: as more than $700,000,000, is materially | Council. % o ated. According to Robert H. Bean, execu- Having for years devoted consider- |tive secretary of the council, the total able study to the question of capital | volume of dollar acceptances will be movements and America's foreign in- | considerably lower for the succeedin; vestments, it is of interest to find that | several months and will continue to tl! myblu;"’r;d cobllspltl:‘t.um;.O nepnr;do “!or lAnd | steadily below the 1930 figures, pu A Bt oty W Moratorium Opposed. sociation, shows that the net export | of United States capital in 1930 was | The Hoover debt moratorium now in in excess of $900.000.000, or appreciably effect, and halled as a very construc- -~ *No doubt of the responsibikity of the housefly for much sickness and many deaths,” says a Cornell University bulletin. “Houseflies carry the germs of cholpra, typhoid fever, infantile diarrhea and dysentery on their feet, legs and bodies.” The easy, sure way to be rid of flies is to spray Flit! Flit kills flies; mosquitoes, moths; bed bugs; ants, roaches. Harmless to people. Easy tousein the handy Flit sprayer. Does not stain. Do not confuse Flit with other insect sprays. Flit is guaranteed to kill,or moneyback.Get the famous yellow can with the soldier and the black band —today! FL e s, par. " Ask Your FLIT Insect |army and navy. Perhaps it its way clear to-effect a slight redu | tion there, which would offset | parent loss resul i Hoover in the | qimost was In excess of §$1,800.000,000, or about 7 per cent of the total. At the present time the world's total indebtedness has increased to $150.000,000,000, while the total in fault, exclusive of Russia, approximates $2,000,000, or less than 13 per If we include Russia, the total n fault is only about 127 per cent, & 7re available. «nent default there is always the pros- pect of a readjustment. It is for these reasons that even Russian bonds, com- pletely repudiated, possess some value. even though default oocurred some i5 | years . Pew corporate loans in de- |Tault for as long & period have any | value whatever. (Copyright. 1951, by th Newspaper Alli Butter—One-pound prints, 31; tub, 36, Eggs—Hennery, 24a25; current re- | celpts, 16a17. £ Poultry, alive—Spring broilers, 3 pounds and over, 30a32: 2 to 3% | pounds, 28a30; 1% to 2 pounds, 25a2%; | : i e, 2%, g ey Dressed—S) jpring broilers, 3 and over, 34a35; 2 to 2'¢ 33; 1 to 2 28a30 | brollers, 27a28; hens, lu'n.l% small, 20a22; roesters, 13al4; Long | land ducks, 21a23. Meats—] | Beef, prime, 154 | 1413a15; 3 | cow, | medi 2i2al dium, 18; fair, 15 fresh hams, 19a20; hams, strip bacon, 22a33; lards, 10810%. its—Watermelons, 25a75; canta- loupes, bushel baskets, 1.00; 0082.50; honeydews, mchu, 3.00; corn, 5-dozen sacks, 40a 80; string mm,:un: s .50; cucumbers, 2-) baskets, 50; celery, per bunch, ‘lmo peas, 4.00a 4.50; eggplant, 1.50; lettuce, I 7.50; okra, 2-peck baskets, 50. - $250,000,000, allments, i Flies have cost England mainly through infantile the last 12 months.