Evening Star Newspaper, April 10, 1932, Page 60

GORPORATION BOND ISSUES IN RALLY Advance in U. S. Group Con- tinues—Utilities List Works Higher. BY VICTOR EUBA Associated Press Financia! Writer. NEW YORK, April 9 —While United Btates Government issues continued firm in today's brief bond market, a number of domestic éorporate loans, re- cently subjected to somewhat severe puni hment. staged modest raliies. Most of the Federals in early tr ading | alivanced to new highs for the year of equaled their previous top figures. | There were some slight and unimpor- tant recessions later, however, attributed | to week end profit ta Among the railway liens that showed moderate recoveries at one time were Baltimore & Ohio 4'.s, Chicago & North Western 4%s, Erie New York Central 5s, Nort Pacific 4s, Alle- gheny 5s, Atchison 47.s and some of the Missouri Pact Nickel Plate 6s and St. Louis Southwestern consolidated 4s were inclined to ease. as were Atchi- son 4s, Canadian Pacific debenture 4 St. Paul 5s, Illinois Central 4%s and | Frisco 41,8 There was a slig in the utilit Power 58 were in dem around 2 points, and phone bonds, together with t ternational Telephone. gains were recorded by Post 6s. Western Union 5s. and Detroit Edison 4 The industrials were quiet. Mild ad- vances were shown by American Smelt- ing Standard Oil of New York 4! Loews 6s and Warner Bros. 6s Foreign bonds were steady. German Government 5155 and 7s were up around 2 points, and J:«pwe:e loans firmed. CHICAGO LIVE STOCK MARKET CHICAGO, April 9 (# (United States Department of Agriculture) —Cattle— Receipts, 400 head: compared week ago. fed steers and long yearlings, strong to | 25 higher: all grades light offerings | and common and medium grade weighty steers up most; light heifer and mixed 3 ing: heifers, 25a50: largel: cows and cutters. strong: bulls about steady; vealers, after secking new low, closed about in line with week earlier largely steer run; lower grades pre. dominated: bulk selling at not much to killers under 5.00; treme top weighty steers. 8.40; yearlings, 8.35. light yearling %.75; Hheifer yearlings, 7.25 trade slow, narrow. steady; bulk thin offerings. 4.5085.50; Dbest yearlings | around 6.00. | Sheep—Receipts, 3,000 head; today's for week ending Fri- market nominal; d: 6 doubles from feeding stations, old crop lambs, steady to fat 8 12,500 direct; 25 and more lower: decline largely on unfinished kinds: other classes weak. ‘with Jower tendency. Closing bulks fol- Jow: Better grade wooled lambs, 6.75a 7.25: around 97-pound weights stopping at 7.00; week's top, 7.75: desirable clip- pers, 6.25a6.50; few, 6.75; unfinished woolskins, 6.00a6.40 to killers; thro outs, 5.00a5.50; fat ewes, 3.50a4.0( heavyweights, 3.00a3.50: native Spring lambs went to 9.00: feeding lambs, 5.75 | 86.25. Hogs—Receipts. 6,000 head, including 5,000 direct: steady; 140-210 pounds, 4.25a4.40; top, 4.45 paid sparingly; 220- 250 pounds, 4.05a4.30; 260-320 pounds, 3.7004.00; few pigs, 3.85a4.25; packing 0-360 pounds, 3.60a4.15; s, medium and good, 275- 500 poundl uou:aso pigs, good and | cholce, 100-130 poundx_ 3 6504 25. i QUITS BUGAE POSTS. NEW YORK, April 9 (Special).— €ol. John R. Simpson, president of Cuban Cane Products Co., Inc., and of Fastern Cuba Sugar Corporation. has flesigned both offices, effective April 15. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK. April 9.—The following s today’s summary of important cor- poration news, prepared by Standard Siatistics Co., Inc., New York, forsthe Associated Press: News Trend. Although general industrial condi- | tions showed little improvement, the weekly mercantile reviews report that warmer weather stimulated buying in some lines. Active interest is being shown in the new displavs of low-priced automobiles, and in some places active sales are being reported, but it is too early to tell the extent of the actual demand. Silk manufacturers are pro- ceeding very cautiously, owing to the delayed Spring trade. and many large plants are operating as low as 30 per cent of capacity. Wool goods produc- tion awaits the better movement of wyade-up merchandise and the advent of Fall business | The Companies. Briggs Manufacturing—Received siz- | able orders for sport type bodies: plants operating at best rate since Summer of ikman Corporation— s'l ngs year is. 125 m; ary 28, 1931 | Stores takes no action | dend; paid $1.75 De- ederal Bake Shops passed quarterly | d on preferred stock: paid $1.75 rporation 1981 deficit $1.868.544 Hudson Motor Car—Not planning any | price reductions Aumoie Ofl & Refining—To pay on basis of flat price of 83 cents a barrel | Zor East Texas crude Utai. Copper 1931 $1.25, vs. 35,47 Bak’ng preferred share earn- 13 wetks to March 26, 1932, 60 | cents; earnwd 71 cents in 12 weeks to March 12, 1931 i Budd Wheel Co.—April production | schedule largest of any month since ' ‘October, 193 Radio Corporation of America—An- swer of company to Government's amended anti-trust suit denies mo- nopoly charge and asserts competition is unrestrained: states patent cross- licensing agreements were submitted to Department of Justice before execution. Norands Mines, Ltd—Earnings for itial quarter of 1932 estimated at 81,000,000, after write-offs and taxes; board to consider dividend action later in year; copper output sold ahead to end of June: concentrator and crusher ca to be doubled g:fikam Motor Car—March ship- iments, 2145 cars, about the same as her]ess Motor Car declares cash dis- tribution of $3. Central Vermont Public Service 1931 $6 preferred share earnings, $11.6 earned $20.34 in 15 months to Decem deficit, common share |duck eggs also shows a decline of 2 | many shippers are holding their eggs, | top prices of 16 cents a dozen, but have UNITED STATES GOVERNMENT. High Low. 100 23 100 ——1932.— Hiek, Ly 542 Lib34s 1932 9722 o.lb 15t 4148 18 988 Lib4th 48193338 8724 US3381940-43.. 8720 7S 3%s1943-47. 2016 U835 % 194 94 U S 45194454 9830 US 435194752 1013 7 99 .102 Hish. Low. & Abram & Straus3lzs'43.. & Alleghan: Ami Beet & 2 Am Chain deb 6533 S Am 1G Chem e Tel & Tel deh 5850 Pap bs 47 Armour Armo An«,ounmalh Atlantic Ref deb b8 '37 Australia 38 '35. Austrian 7¢°43 B&O st 4548 B&O 414533 B&OIstis 48 MY 55 Canada 58 ‘52 Canadn Natiolsl 415 Ches & O & Uhio 4y s & Ohio 4128 B Chi M St P& Padj l'lnk\\\nd o818 Thi & Nwn Rz ' nmmmum.m Chi Union Station 41863 Chi Un Station 6y Chi & West Ind con 4= Chid& West Ind 53s Chile 85 60 631 % 10% 42 54 CCC&SLLrfdly Cleveland Term 5 Cleveland Ter! Colombia s '61 Jan Colon O1l 6s'38 Colo & Sou ref 4358 '35 Columb G & Comm Invest Con Coal (Md) ref Copenhagen 55 ‘uba R R 18t 55 '3 Cuba Nort 3, Czechoslo: Denmark 515555 Denmark 65 ‘42 Den & Rio Gran Den & RG Wnl“‘w Den & R G W Dodge cv ash Duquesne 15t 41 Dutch East Indies s '62. . East Cuba Suz T3s'37. Erie con 45 '58. Erierefs Finland 75 '50 Getman Bank 6528 German Rep 7= '44 Goodrich (BF) 6 Goodyear Rubber is and Trunk 6s ‘36 and Trunk 7s 40 Great North 4 Great Nor gei Great Nor gen Greek 63 '68. Havana Elec Ry n,- Hudson & Man adj be * Hudson & Man rf Humble O & R 5 Ilinois Cent rf ¢ Tllinois Cent Inland Steel 41 Inter Cement 5 Inter Gt N 10124 10017 9624 948 104 28 102 28 2015 THE SUNDAY STAR, WASHINGTON, | —1932— it Close. Q" 10020 -.20 * 2 1011 .28 10128 -1.01 9627-1.24 987 - 119 8 118 101 18- 111 10424+1.25 | Net | Close. Chge. | Inter Pa 1005 s Irish Fr » Ttaly 7s Japanes, 9420 T8 100 Kendah 3%, Kreug & 1 B0ty 16% 20 Laclede 5 per 55 A 47 er Siate ‘51, e Kan City South 3s " Kan City Tt Kan Gas Toll 58 '59 Lack Stl 1st 58* B1a8 D60, Lehigh Valcn 4= 1 s 68 1841 - iis & Nash uni 4% 40 Market St Ry 7= A \Ix-l\u\v <an 51y \lulnu No Mo i Mo Pac SL&O T, st ref ix & Tox 1st 45 & Texad) s ific 55 G Mo Pacific 5s H 'S0 . Montana Power 58 '43 1H-e-nlld0‘ H. t Dair: N Prod 33 s New England T 1t 5 New 861 NY Cen N Y Cen Y Chi N N N N N N N N Y Tel N y ¥ ¥ y YN H y ¥ y Ny N North A North P; North P; North P: North North Norway Y Cent 1th Wales tdeb 4x 34 trtas dels fe 25 &SULA & Helt N H & H s 48 Rys Iy wen 4 1os AN m E acific 3 acific 458 acific 58 Net High. Low. Close. Che. 5 9% Inter Ry Cent Am §l5s'd Int Tel & Teieg 4% ;B 61, ROV, 87, 887 45 2 2013.". W & Bos gen 4.5 46 Ol & W 1xt con 4x 98, e Wash RIU& X 4 61, + Orient [ ¥ Berna & Penna 4 '8 Penna os '64. Penna gen Penna 6 Philadelp Thilips Petrolm Pirelli( 0of Ttaly 7 1007, a; a2 Pittsbgh& W Va 41ps C'60. Poland §s Postal 1 el &' Cab 58 '3 Queensland §s 47 « Queensiand Ts 41 Rhinelbe Union 7s 46 Rline Westphalia 6% '; Rio de Janeiro 8s ‘48 Rio Grande Do Sul 65 6% Rio Grand West 48 col ‘49 R1Ark tome 61 SLIM &1 1~1|,- 483 &ESR&C St Louis 8 W StPKC Sao Pau Seaboar Aboar s hoR T Serbs Cr SL lo § A AL ref 4s d A Ladj3 d AL 6s'45 oat Serbs Croats S Sinclair OilTs A’ e Sinclair Crude O §le s Sinclair Pipe Line s Sou'west Bell Tel 5s A South Pacific col 4= 44 . 2+ South P South P South P South P Souther: Souther acific ref 48 acific 413568 acif 4138 6 ac Ore 4155 n n Tenn Copper 6s B "44.. Texas I Texas P acific 55 B " acific 5% ( Third Ave 1t ref 4s " fin Third A Toho El ve ady inc ec Pwr is ion Pacific st 4= " Union ¥ acific 4s '68 Union Pac 18t rf 43 United Drug & Virginia Ry « Wabash Wabhash Walwor Warsaw West Shor: West M 418 153 S8BT th i A "45. . 7858 1=t 4s gt aryland 1st West Maryland ! 78 wi 72 68 Yo Yokohama 6s §1 s gstwn Steel 55 A T8 4= 101% — 4 Blls — 41y 998, - 101 a0 1001 + ) i | Baltimore Markets Special Dispatch to The Star | BALTIMORE, Md., April 9.—The egg market continues to decline and reached | the lowest level in many years when the market closed today at 12!, cents a dozen for current receipts. This com- pares with 20 cents a dozen at the same time last vear, 25 cents a dozen in 1930 and 24 cents a dozen in 1920. While receipts have been liberal the past week and more than ample for consumptive sales, storage buyers have entered ihe market and the movement will gradu- ally become more active from now on. Offerings and sales on the exchange continue light, fresh laid stock finding ready buyers, but offerings of doubtful quality are hard to move. Market for cents a dozen, receipts being fair and the active season practically over. Too which become stale, and will not bring to be sold at the lower values of 12 cents for all kinds of small and dirty eggs. Poultry Prices. ‘The live poultry market continues steady to firm on all lines llaly old hens, which are in better demand for the Jewish trade, and prices on large, fat fowl show an advance of 2 to 4 cents a pound over last week with values on other lines holding firm. Ac- tive season for turkeys about over, but some demand noted for medium-sized hen turkeys, 8 pounds and over, at 30 cents a pound, and young gobblers, 12 to 15 pounds, 23 to 25, but old hens and toms and hxt gobblers move slow at 20, with c d breasts generally ne- glected at 16 to 18. Young broiling chickens scarce and all desirable stock, 2 to 2', pounds, clean up readily at 24 and 25, with other large, fat, young chickens bringing 23 and 24: but Leg- | horns not so desirable at 21 to 28. Old , 4 pounds and over, meet with ready sale at 18 to 20, but smaller stock as well as Legl move slow at 31, 1930. S ioane Ution. O, siore salos, 13 wesks L. . 16 to 18 and all poor, thin, light fowl, u well as old roosters, neglected at 10 holds steady ducks are neglected at 12 to 14 Sea- son for capons pretty well over, but | demand continues good for heavy, fat birds under light receipts and the mar- | ket holds firm at 26 to 30 for birds | weighing 6 pounds and over, with amal- ler and slips selling mostly 24 and 25. Guinea fow] and pigeons hold steady at 30 to 65 each for the former, but pigeons show a decline at 20 to 25 & pair for both young and old. Market for old potatoes continues tions and slow demand at 75 to 90 per 100 pounds, but only well graded No. 1 and No. 2 stock are not wanted at an price. Yams in more liberal receipt, with market showing a decline, and will not bring any more than sweet po- tatoes, which are selling at 1.00 to 1.25 8 barrel, with ungraded, mixed stock hard to move at 50 to 75. Native and nearby garden truck in moderate receipt, and market holds tations: Kale, 30 to 40 bushel; onions, 500 | and 6.00 per 100 pouncis; Spring onions, 75 to 1.00 hundred; oyster plants, 6.00 to 8.00 hundred, and spinach, 75 to 80 bushel. Live Stoek Market. ‘The live cattle market on the wharves continues quiet and easy and shows fair, grades, which are hard to move. tations today at I..kht Street Whar! Beet umz quality, pound, 6 7; common to , 3 to 5. B\L\h as to quality, 2% to 4. * Cows, choice to QHB' Oxen, as to qullv.y. l‘: to Calves, Drflnl s, 413 to 5. Sows, 3% to 4. 3. Live pigs, 10 to 12. Shoats, Vlll:nm ain qumunm t— No 5red, Winter, filrllc . spot. domes- | tic, 58 April del 2, May de- ’i 22, u-:" :‘:u-m 4l dull under liberal receipts from all sec- | stock will bring the prices, as ungraded | steady on all lines at the following quo- | little change from last week. Receipts | but mostly of common under | faney, 4 to 5; common to fair, 2 to 3. ! (Btandard st stics Co.. New York.) NEW YORK, April § (£ —Of the 26 important commodities in the following table 5 are higher in price than last week, 15 are lower and 6 remain un- changed. Three of the 26 are at their high for 1932, while 11 are at their low. Buiter Cheese, Coffee. flat, greamery. S extra Rio Cotton. mid-upland Coltonseed oil Corn. No Eaks, standar: our, Spring Hides. native Hogs. 140 Ibs, Lead. pig’ Linseed oil. ¢ Petroleum, OKlk., '_ plant; \suk cvnck do s | Breel’ bars” | Sugar, ne. . blnnhuhm 2 yellow ds patent steer arlote 4 des. ation’ vestern .' B uble exira Pit m.uruh pe: rlots. ‘vm‘n “Hard Winier. K €. Wool Zine year ago: nental 5011 Quarter Industrial *On prior p terr. fine. Boston fhh | tures clacd o ) year ended December 31— Hunfxrll nunu l(m Year ended P colitns & Aikmen ¥ 17 p rch 31— TP, . ference stock. o 3 IaI This Unit. wesk 'ih 30185 wzns EARNINGS REPORTED, NEW YORK, April § (#).—Per share | Industrial earnings of corporations reperting in' the past week, with eemparisons to alcu.m o D. C, APRIL_ 10, (Continuéd From Page 2.) Stock and Bales— Dividend Rate and Gas&El pf (4). 49 Btand Gas&Rl pf (§). 13 Stand GAS&EI pf (7). 8 Stand O1l Calif (2).. 389 Stand Oil Exppf (5). 5 Stand Ofl of Kansas. 14 Stand OII N J (12) Starrett (L 8) Sterling Secur (A).. Sterling Secur pf.... Sterling Secur cv pf. Stewart Warner..... Stone & ster (1), Studebaker Co(1.20)". Studebaker pf (7) Sun Ol (1).. Sun Oil pf (6).. + Superheater Corp (1)x Superior O11 Superior Steal. S Am (b1} minz=ton (A). T1% Telautorraph (1.40). 14 T'ennessee Corp. . 10 Texas Co (1). 16% Tex Gul Sulphur (3). 1% Tex Pacific Coal&0il 4'x Tex Pacific Land Tr. 2 Thatcher Mfg Co.. .. 244 Thatcher Mfg pf 3.60 an 75 The Fair pf (7). 115 Thermeoid Ce. . Tt Third Avepud. ... 11% Third Nat Inv (1.08). 8% Thompson (J R) (1). 3'a Thompson Produets. ‘s Thompson Starrett. . 2 Tide Water Asso Ofl. 20 Tids Water As pf(§) A4 Tinken-Detrolt Axle Roller B(2). ransamerica Corp. . ansue & Williams, 21 Tri-Cont] Corp. i-Contl Corp Bt (6) ico Products(2%). s« Truscon Steel. = ' Twin City RapTran. Twin City Rap Tr pf. 2608 Ulen & Co. 4 4 Und-Ell-Fisher (3 Und-Ell-Fish pf (7). 7'% Unlon Bag & Paper. 4 9 cets (o, 1'4\ 12 408 25 Union Paeific (10)... Union Pacific pf u). s Un Tank Car ( Unit Aireraft. Unit Aireraft pf (3). Unit Am Bosch..... 3 Unit Biscuit (2) Unit Biscuit pf (7 Un't Carbon. Unit Cigar St Unit Cigar St pf (4) Unit Corp (40c)..... 1831 110 Unit Dyewood. . 108 Unit Dyewood pf (7) 160s Unit Electric Ceal 38 Unit Fruit (3).. . 153 Unit Gas&1m(1.20).. 1127 Unit Gas&Im pf (5 10 Unit Pice Dye W(1). 19 & Forn Seeur. U'S & For Sec pf((). U S Freight. .. US Leather (A).... U S Leath pr pf (7). U S Pipe & Fdry (2). U S Pipe&Fy 1st 1.20 1932— Add 00, th. l.ov Clege. Ch: “’4 PART SIX. High. Ri5 ) 11 19% 3 Not 1093 — Low. Stock and Dividend Rate. 5% US Realty & Imp... FINANCIAL. Sales - Net Add 00. High. Low Close. Chue T 6% 6 3 US Rubber 5% U S Rubber 1st pf... —| 124 US Smtig & Ret (1). “ 124 - 36l U S Smtz&Ref pf 3% 23 U S Steel (2)..... U S Steel pf (1)... U S Tobacco (4.40).. 1% United Stores (A)... United Stores pf (4). 16 Univ Leaf Tob (3).. Univ Leaf Tob pf(8) Univ Plc 18t pt (3).. 140s 85 27 7 35 6 29 152 22 408 %4 Unty Pipe & Rad 364 Utah Copper Y, Util Pwr & 8co Sales Corp Vadsco Sales pf. . 8 Vanadium Corp. 214 Van Raaite. .. Van Raalte 1st pf. 4l IECONOMISTS OFFER ADVIGE ONBUYING Standard Statisties Gives Results of Probe Into Commodity Outlook. | Special Dispatch to The Star. NEW YORK, April 9—The following suggesiions as to a purchasing policy for various important commodities are contained in a current bulletin of the Standard Stalistics Co. of New York: y—The strong basic position of justifles coverage of several aeeds during any periods of e weakness. Coverage of immediate needs is advisea lap—Consumers who have fol- * | lowed previous advice now have several Walwérth Co. .. Ward Baking (A)... Ward Baking (B)... Ward Baking pf (7). ‘Warn Bros Pictures. Warner Bros pf 3.85. varner Quinian varren Bros Warren Bros Warren Found & P. Websta: Eisenlohr. Webster-Eisenlh pl # Wells Fargo. ....... Wesson O11&Sn (1).. West Pa Bl pf (8)... West Pa Bi pf (1), West Pa Pwr pf (6) West Pa Pwr pf (7). W Wi W Wi W Westing’se Air B(1). 108 Westinghouse (1)... 1429 Weston Elec (A) (2). Wes: vaco Chlor 1.60. Wheeling Steel. White Motor. . White Rock (4) White Sewing Mach. White Sewing M pf.. Wilcox Oil & Gas. sverland yveriand p Wilson & Co Wiison & Co pf . Woolworth (2.40). .. Worthington Pump. 3 Wright Aeronautical 310s Wrigley (Wm) (4).. 93 814 Yale & Towne (1) 17 Yellow Truck. Yellow Truck pf. Ygstwn Sheet&T Young Spri % Zenith Radio 6% Zonite Prod Corp (1) 3y, 21% 1 4 59 a 3 1 - ‘1! 3am in 9 Dividend rates as given in the above tabie ace the sonualsnen PAyments based on the late: *Bx-dividena B YPie 31 in special preterted sioe ™ Paid h.l.r‘.ym—nn regular raie. nPlus 5% or hait-yearly declarations S0nit ot traging ass ihan 100 shaves 1 Parily —no iar rates Blos ‘ta i wvout n ' Plus 3% in k. i siock ® Plus Commodity Price Trends of Week BY H. N. McGill, Of the McGill Commodity Service, Inc. AUBURNDALE, Mass, April 8 (#)— Prices in most commodity markets con- tinued their downward trend at ap accelerated pace during the past week. Although ‘the index of all commod- INVESTMENT TRUSTS | xew vork. apri 9 o0 —over-ie- ON SHORTAGE REPORT | counter market: Amn Comp_ Triat an-m Amer Founders 6% Bt Amer, Founcers 7 Sto ARice Stanaare ol \U »l ities declined only fractionally, vet the | lm § true picture of the whole situation i not reflected. A better idea of general market conditions is gained by the fact that only three groups showed an up- turn, which was toe result of price | increases of only three commodities. Eight groups were lower and three remained the same. Price Summary. A summary of commodity prices for the month of March shows that indus- trial and agricultural prices declined substantially, while live stock offset this decline to some extent. making a net decline in the all commodities index of two-tenths of a point. Industrial prices during the past | week, although showing an upturn as Diversified measured by the index caused by the two groups, fuels and building mate- Bancamer | Bankers Nag Bansicilla Corp Basic Indusiry gnmn Type Inv d Invest Chartered = Chelsea Exci Al | Cheisea Excaane B | Cumulative Trust Sh Sorporate” Trust . Corporate Trust Corporate Tm-l Aldeiim gi Crum & Crum & Crum crum B E s Depot Biveraed Froee Trust Diversified Trusc Diversified _Trust Equity Invest Con ster 8 ster Ins Poster Ins ank Shares rials. displayed greater weakness as a Eauiiy Trust S whole than for some weeks. Non- ferrous metals, fine and coarse textiles, paint materials, vegetable oils and hides | and leather were all lower, while chem- feals, ferrous metals and paper and pulr) remained the same. ‘The markets are reflecting the fafl- ure of the easy money policy of the Federal Reserve Banks to stimulate credit expension and an upturn in commodity prices, Undoubtedly condi- Lions in the long run will be better for not experiencing this artificial stimula- tion for a reaction would probably have set in. The natural working of eco- nomic laws without artificial influences invariably works out best. The unset- tlement caused by the difficulties in Congress over proposed tax measures to balance the national budget ss well as other important questions has un- settled both security and commodity markets. Uncertain foreign conditions, includ- | ing financial difficulties of Central Eu- ropean states. as well as the vital ques- tions concerning reparations, war debts and armaments to be considered in the immediate future, have all been dis- turbing elements. One seemingly fa- vorable element in the situation. how- ever, is that the countries of the world have experienced so much adversity that | it seems highly probable that they are in & mood to find a solution of the problems, even at some sacrifice of in- dividual interests. ‘The influence of the advance in the price of petroleum and an increase in the price of fuel oil brought a substan- tial upturn in this group. These, to- gether with an upturn in lumber prices, were the cause of the upturn in the industrial index. The low point in this group was registered in July, 1931. A rising trend was in evidence through October, and from then until February | of this year there was a sidewise trend. | The downward trend in the price of | bituminous coal effected a decline | through the end of March. and the upward trend is now being renewed. Tmportant Changes. Most important price changes in the McGill weekly commodity price indices 1926—100. This Previous Yr. ago, wegk, Apr. weelc Apr. ' ABF 1.1882. 10. 1931 All_commoditie: 508 833 sricultural * i peE e Dividend Changes. NEW YORK. April 9.—There were 38 dividend emissions in the week just| mlxni. Wwhich with 28 decreases made 7| 8 total of 66 unfavorable changes, com- | SILVER QuoTATIONS, NEW YORK, April l P —Silver fu. steady; | sales, 925,000 pared with 81 in the vr-vlom week, | according to a ecompilation by the Standard Statistics Co. Favorable changes numbered seven, the same s the week before. En[meerlng Awnrdl NEW YORK, April 9 (®) —Heavy en- | =|ne¢r|n( contract awards in the United tates for the first week of April were valued at nl,wuoo to the com- T | Five-Year Fixed Tri Pixed Trust Shares A. Fixed Trust Shares B. Pund Trust Shares Fund Trust Share Granger Trade . Gude Winmiil® T Huron Holding . Incorp Investors Incorp Independ Trust Share nt Sec Corp Am A. Int Sec Corp Am B Int Sec Amer 84 pif ) Int Sec Amer 6.« Inv Tryst N ¥ Coll Invest Trustee Sha. Leaders of Industr: Lexders of Ind Nati Ind Natl Tr N Y Bk Tr Shrs Nor Am Tr Shares . Nor Am Tr 8h 1985 Nor Am Tr Sn isse orthern Secur Otl Shares units d Col Inv Tr Qld Col Tr Assoc Betrol Trad A Pusiie Sers 1o Repres Tr Shrs Second Int See A Second o Sec Imc e 5 cur Corp Gen i | Selec: Si lcied ‘Cumel 8. Selected Income 8 ected Manage Trust. wmut Spencer Tratk Pund Stand All Am Tr Siand Am Tr shrs'. Stand Collat. Trust State Street Invest . Super of Am Tr Super of Am T Suber of Am T4 B Trust Shrs of Am Trustee Stand Inv Tustee Stand Ihy 5 Trustee St Ol A Trusiee St OU Shis B Trusteed N ¥ C Bang. | Trusteed Am Bk 8h Trusteed Am B A Twentieth Cen! nna ™ Two-Year Tru United Fixed Unit s 1-70 com United Ins Shrs Bid. Asked 3+ Early Bulge of 3! Cents a Bushel | 'I%iPate current requirements only. FOREIGN :xcm GE. (Quotatiens furat Womirh o Jondon, sound ris, fr Brussels, rlin i """::a'.*.-r.'a'r.r.;""'?-*f- el £ bbs & Co ) ing checks 11i denly up 3: WHEAT VALUES RISE Is Reduced by Profit Tnkmg BY JOHN P. oc.ited Press BOUGHAN, Market Editor. CHICAGO, April 9 —Startling offi- * clal announcement that the United 's States faced a probable shortage of ‘3% 310.0M,000 bushels in this season’s do- mestic Winter wheat yield as com- pared with 1931 shot wheat prices sud- » cents a bushel today and corn almost 2 cents. Profit taking on a large scale, how- | 's ever, prevented the day's top quota- tions being fully maintained. Inas. “i's much as unfavorable crop conditions, ;‘afi though. have prevailed since the Gov- |ernment data was compiled, most traders assumed that the official report | of deterioration would later be in- creased. It was authoritatively denled ": that the Government basis of calculat- ing had been changed from either last year of the two years previous. It had generally been expected that me QGovernment crop estimate would point to decided curtailment of wheat production figures, but there were few, if any, traders who looked for a slash | of 42,000,000 bushels as compared with the latest unofficial forecasts. Taken especially in connection with lateness of Spring wheat seeding, the Govern- ment report was regarded on all sides as’mmg an immediate basis for higher ' prices. Confidence on the part of buyers was further augmented, owing to the fact that the new official crop estimates were reported &s having been largely responsible for upturns in securities at New York and in wheat quotations at Liverpool before the wheat market here opened. Foreign buying of Chicago wheat fu- ture deliveries was a conspicuous fea- ture. Simultaneously it was indicated that all overnight offerings of North American wheat for export to Europe had been accepted. Despite word that drizzies in some places Southwest indi- cated a possible general breakup of drought, wheat price reactions were slight and were soon succeeded by fresh aavances, putting the market about 3!, cents over yesterdey's finish. The mar- | ket developed into a continued broad | general purchasing affair, with indi- vidua! operations almost lost sight of. Corn and oats borrowed strengtn from wheat reflected GAIN IN AUTOMOTIVE EXPORTS IS REPORTED By the Associated Press | February's exports of automotive | products, as reported by the Commerce Department. totaled $8.039,807, repre- smunl a nln of 11 per cent over the previd ‘The -me o( passenger-car shipments during the period registered a gain of l.l per cent, while truck exports showed 688 16 per cent, as compared with \nu preceding month. Passenger-car shipments were higher in each price group with the exception of the class “over $2,000". all of the truck groups were lower in number of units shipped, although class “over 2'; tons” had a higher valuation. Average passenger- car and truck valuation for the month was $541 and $443. respectively. Belgium and Japan a the action of | in headed the ¢ monihs’ needs protected. Butter—Purchases should be limited to current requirements. Cement—A hand-to-mouth purchase lnz policy is advised. onsumers should sstisty neurbs needs only. Coal, anthracite—No incentive exe ists for covering mere than current re- ituminous—As a general policy, is little basis for purchasing than current needs. a—Ccnsumers should take ade vantage of any t°mMporary price sete backs to accumulate sufficient supplies to cover needs through the third quar- ter of 1932. Coffee—Protection of several months’ | needs is advocated on any well defined recessions from current levels. H-vr commitments are not necessary now. Copper—Gradual coverage of indus- trial needs beyond mld-yur is justified. Corn—Purchases sh be limited to near term needs. Cotton—Oniy near term needs should | be covered. Cottonseed Oll—Coverage of several months’ requirements aj Jjustified, But accumlation . shou | be " accom- plished only in the event of weak mar- kets Eggs—The anticipation of only near 'm needs is advised. Flour—Protection of several months’ ements on well-defined price re~ has been previously advised. 1 commitments should be de= Fuel Ofl—Coverage of three months' requirements is advised. Gasoline—8omewhat ommended. H The limiting of purchases to requirements for the flnt half of the ar is advised Hogs—Advance purchases should be consummated only in the event of weak Jute—Coverage of needs for the first half nY the year has been advised pre- ! viously. Additional accumulation should ‘ be_postponed. Lard—Consumers should adhere to & conservative policy in anticipating re- quirements. Lead—Present low prices 1usn!y grad- ual coverage of needs beyond midyear. | Linseed Oil—Pur: l:hl‘u should be | confined to known near term needs. Lubrlcaung Olls—An extension of rchases to cover two or three months' 'equln:ments is favored. Lumber—Pun:humg should be lim- ed to near term needs. | O-Ls—consumeru are advised to an- Paper—Future contracting should be Testricted to nearby requirement:. Parafin Wax—Consumers are justi- fied in protecting meeds at least three months in advance on any setbacks. Pig Iron—Cnx nf: of only imme- diate requirements is advised. Rayon, Acetate—A hmd to-mouth Busing Dolicy is advocated. Rason, Viscos: Rosin—Consumers should satisfy at least early Summer requirements during any recurring weak markets. Rubber—The purchase of the next several months’ requirements around | the present price of 3.10 cents is ad- vised as A precautionary measure, Longer term coverage should be dell”fl. Rye—Forward commitments are not necesslry at this time. | Scrap Steel—Comfortable coverage of Dear-term requirements is advised. Shellac—Commitments should be con< fined to a hand-t6-mouth basis. Silk—N#ar-term requirements should | be anticipated during any price weakness. Silver—Coverage of industrial require- | n'i;n;: at least six months ahead is ad~ vised. Steel—There seems no reason for covering more than immediate needs. Sugar—Purchases should not be | tended beyond nearby requirements. Tin—Coverage of six months’ require- ments still is advised. | Turpentine—Consumers should take advantage of any weak markets to an- ticipate early Summer requirements. ‘Wheat—Purchases should be confined "c immediate requirements. Wool—Coverage of nearby needs only 'is advised. | _ Zine—Gradual coverage of | ments beyond the second quarter h Jjustified by current low prices. POTATO KABXET. CHICAGO, April 9 (# (United States Department of Agriculture) — Potatoes, receipts, 88 cars; on track, 199; total U. S. shipments, 782; old stock. about steady, supplies moderate, trading only fair; sacked per hundred- weight. Wisconsin round ‘hltu. No. 1, 80#85: fancy, higher: Minnesota, North Deakota Red River Ohios, U. No. 1, mostly 1.10: Irish cobblers, U. S, No. |l 90295: Idaho russets, No. 1, 1.30a1.35; new stock firm. surp"ns light: Texas Bliss Triumphs, U. 8. No. 1, medium to . 3.60; small v: medium, 3.00. SHORT TERH SECURITIE! (Reported by Chas. D. Barney & Co) co, b5 1937 % thiehem Steel Corp. ‘5s 1935 Canadian Nor Rwy. 4ias 1935 Chi. Northwestern R. R. 85 1033 34 cling s 1033 41is 19 Delaware & Hudson Co. Denver & Rio Grande 4'ss Gen. ‘Mot ‘Accep. Gorp. & 1831 General Petroleum Corp. 55 1940 General Public Ses 5t ] Grand Trunk of O 1836 Hiouston B & W Texss 3 Humble Oil 5'us 1932 Laclede Gas Light Co’ ‘55 i9ad Fousgiie & Nuanville S5 1937 New York Cent. & New York. Chl. & St Lo 65 19}5 Northwestern Teiep, 4'4s 103 Penna. R. R. Co. 8'ss 1936 ortland General Elec. Republic Tron & Ste ¥ hion Si Co of" Virginia Rwy: & sh R INSURANCE STOCKS NEW YORK, April 9 (#).—Over-the counter market. Am Surety . Balt Amer . Bosto Bl “‘ lists as our leading mar! The out- standing feature of the munths trade, however, was the reappeatance of Aus- tralia among the chief purchasers of cars, with 434 purchases, as l’-Ing‘;ly 4 the previous month and none last year. -.i".'ai“" mlomfln mm were the month. 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