Evening Star Newspaper, April 21, 1932, Page 15

D, C., FIN A ' N. Y. CURB MARKET THE EVENING THURSDAY, . . 1932, FINANCIAL TAR, WASHINGTON, ON NEW YORK ERONDS AR STRONE| [ BOND'S 7k " 2 | REPARATIONS PAY CURB STOCKS AN NACTVETRDNG s e PUNISLAUDED o e e N ETTERBUYING o P . z Most Groups Participate in|L sth s 33-28 823 102 23 10216 10223} Kan G&E 4245780 Economist Calls Proposed|4mciirela s 1 15% Tona€terG alEad) LS X \&i Utilities and Oils Favored in 7S 3s 4 65 94 30 9325 9421 Karstadt 6s°43 Am Cities P& L B. 1 » | Long Island Lt 60c. 15% ) upswm 5. 5. lasmes :% : :,“x.&;v;‘:-";g; :: el 58 K:;‘ “fl;“ S Am Comwlith Pw A. 3 Lou!siara L & Ex.. Tradnng—Volume Feature Market. Picks Up. Received by Private Wire Direct to The Star Office. MILLER-DUDLEY CO. 1716 14th St. N'W. North 15834 Stock and Bale— 20850 men. Low. Dividerd Riate. AGd00. High. Low. Close. 25 Interstate Eq cv pf. 1 10 10 10 Stock and Dividend Rate. Alabam G So pf(4). 40s TATES. Sales. Hizh. SpTED g $1.000.) Kan C FtS&M 4 46% High. Low. Close. | Kan City Sou L 58 100 18 100 25 | Kan City i 50 German Rail Bond Sale |amcranamiae . Am Equities. .... 2 o Constructive. US3%s M41-3 899 9316 994 |Kreug & Toll 58'59. i 2 =27 993 . C142 1011 10024 1011 | Tdg & Myers 55 '51. ‘288 108 10216 10229 | Lix & Myers 7s . Uil cv pf Am & For Pw war. ¢| Mem Nat Gas (600) 1 Am Founders. . .. 3 X " | Mid Sta Pet vie A.. AmGas& EI (31, Midl West Utilities ot (6). BY F. H. RICHARDSON. Special Dispatch to The Star. = NEW YORK, April 21.—Bonds were fimng today in moderately active trad- _ing. The market gpened higher, reflecting the action of the Bank of England in reducing its rate from 3'% to 3 per cent ‘This was taken here as an Indication that the New York Federal Reserve Bank would today cut iis -ediscount rate. which hos stood at « per cent since Februa . The p4%ent rate 3s obviously out of line wit! & market which quoles time money at 13; to 2 per cent. call money at 27; per cent and Jhas cui bill rates down to 1Y per cent, "8 further cut of ! per cent being made ‘foday. Since it is the intention of the "Treasury to get as good a market as it can for the $300.000,000 to $500,000,000 of 6 to 12 month notes it proposes to offer Monday, it was taken for granted that the New York bank rate would be Teduced. Hence there was heavy buying of “Governments, not only by those playing “Yor the advance expected following the rate cut, but by the Federal Reserve, holding to its policy of buyirg about $75.000,000 of Government paper weekly. Treasury 3s and 3'ss had the largest gains, They rose nearly a point and were quoted at levels less than a point under their 1932 highs. Gains in other Liberty and Treasury offerings ranged from '4 point upward. This movement in itself would have been sufficient to cause another general marking up of municipals. But the market for these entirely tax-exempt issues had another yeason for strength in the rapid manner in which a banking syndicate disposed of $5,000,000 of New York City one- year notes at 5 per cent. Other new municipal issues were also moving swiftly. New York State 4s were bid for on a 3.60 per cent basis today. INTEREST ON. FOREIGN DEPOSITS IS REDUCED By the Associated Press NEW YORK, Aprli 21.—New York City banks, it was learned, will reduce interest rates allowed on foreign de- posits by one-half of 1 per cent, ef- fective next week. The new rates will be one-half of 1 r cent on demand deposits other than hose of central banks, 115 per cent on central bank funds placed here and 2 per cent on time accounts. - Banks in Holland and Switzerland recently ceased to pay any interest on foreign deposits and French banks have . cut their allowances. It was believed, therefore, that the cut here would not e followed by a withdrawal of foreign funds, since there now are few places ‘where the money can earn interest with the security available at New York. Local banks will effect substantial sav- ings through the change. CHICAGO RAILROADS PLAN TRUCK SERVICE By the Associated Press. CHICAGO, April 21 —Within the Dnext month Chicago railroads, through “the Railway Express Agency, will enter the highway trucking business, the express company announced. Service will apply between 50 and 100 miles each way from Chicago, with Milwau- kee the northern terminal, Aurora the western and South Bend t south- eastern. It is the first time the agency has stepped out of the Chicago terminal| field to enter highway activities and is viewed as a forerunner of Nation-wide p trucking operations by this subsidiary of the class 1 roads. Washington Stock Exchange. SALES. Washington Gas 55—$§1,000 at 100. Washington Gas 65 “B"—$100 at 100%, $100 at 100%;. W::!Y}Xnmn Rwy. & Elec. 45—$1,000 at Potomac Electric 5% % pfd.—5 at 1047 ‘Washington Rwy. & Elec. 45s—$3,000 at 80, $500 at 80',. AFTER CALL. Potomac Electric 5'2 pfd—10 at 10314, 10 at 103%,. *Washington Gas 6s “A"—$1,000 at 99%, $1,000 at 99%. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bid. Asked & Tel. 415 1 iR & Tel étl tr. 5500 98 0005553 2 o] otomac Elec. Cons. otomac Elec. 65 1953 s v & Mt Vernon' cif. L] 2dd<dd lub B:3a.... y Club 5 age 5. STOCKS. PUBLIC UTILITY. T Fower & Wash. Ry. & El 7 Wash. Rwy. & Elec. pid NATIONAL BANK. Min. price. Agked. LE INSU Barber & Ros com. .. Col._Medical Blds. (67 C. Paper Mfg. pid. Nat 2 mer. Bromo-Selz ‘A’ Federal Storage pfd Fed.-Am. Co com ed.-Am. Co. ptd nston Monotype 101 106 2 Abitibl P&P 55 °53. 63 Adams Exp 4s'48.. 1 Ab& St 5ls 43... 2 A'leghany Cp 58’44 14 Alleghany 5349, .. ! Alleghany 55 '50 Allis-Chalm 58 37 Am F P 68 2030. | Am Intl 5% 5 49 Am 1GCh5is 49, Am Sm&Ref 55 '47. 9 Am T&T 4%s°35.. 10 10 Am T&T c tr Am T&T deb Am T&T deb Am Wat Wks 55’34 2 8 Am Wat Wks 63’75 2 63 Argentine 5145’62, 3 43% Argent 65’ 61 May. 6 49 | Argentine 6369 Ju 11 49 Argentine 63’59 Oc 2 49 Argentine 6s A 5 49'% Argentine 6s B "58. 491 Assoc Ofl 65 '35. 3 99 Arm & Co41%s'39 14 68 Arm Del 514s'43... 57 58k Atchison gn 48 '95. 104 86'2 Atchison 4%='48.. 12 823 AllCLel 2. .. 5 Atl Ref db 5537 Australia 4148 '56. Australia 6s '55. Australia 5s Austrian 1s " 5 8915 Austrian Ts a“ B&O1st4s'48.... 2 T B&O4%s'33..... 10 B&O4%s'60 100 B&O1stbs'48.... 29 B&Oref5s'95.... 21 B&Oref 5 D 2000.. 11 B&Oref6sC's5.. 8 Bk Chile 12 Belgium 6s '55. 22 Belgium 6%s'49... 34 Belgium 78 '55. 25 Belgium 75 '56. 26 Bell Tel Pafs B'48. 5 Bell Tell Pa is C'60 36 Benef Loan 65 "'46. . Berlin C El 648’51, Beth St pm 53 "36. Bclivia 7s '69 Bolivia 83 '47... Bordeaux 6s'34. Bos& Me 5s'67.... Brazil 635 '26-'57. Brazil 615 '27-'57. Brazil 7s C R '52. Brazil 8s '41. . Bremen 7s°35..... Bklyn Ed 5s A "49.. Bklyn Elev 6%s. Bklyn Man 6s A '68 111 Budapest 6s 62.... 17 Bush Ter con 55'55. 2 Canada 4s ‘60 Canada 41536 Canada 53 '52 5 Can Nat Ry 4148’51 Can Nat Ry 4%s'66 Can Nat Ry 43857 Can Nat 4155 °68. .., Can Nat 5s 69 July Can Nat 55 '69 Oct. Can Nor db 6%s ‘46 Can Nor deb 78 '40. Can Pacdb 4s..... Can Pac 4%s 5 Cent 111 E&G bs '51 Cent Pac 1st 4549, Cen Ry NJ g 5s '87. Cert-td db 5% s '48 Ches Corp 53°47... C&Opgen4%s92, C&O4%s5A93 Ch & Oh con b = @ - DranciNanaants PO wmamms B RosaosasRan CB CB& Chi & Est I11 58'51. C M StP&P §s'75. . CM& St Padj5s.. ChI&ENW 434sC'37 8§ | Ch1 & NW 4% 549,105 Chi RI&P rf 45'34. 29 ChiRI&P4%s'52 16 ChiR14%s°60.... 32 CTH&SE 1st 5560, 1 Chi UnrSta 4%s'63. 1 ChiUnSt5s’44.... 1 Chi Un Sta 6%8'62. 11 Thi Un Sta 55 B'63. 9 100 C& W Ind 534w 5 84 Chile 65 60. . D10 8y Chile 6561, C 4 8w Chile 65'63........ 5 8% Chile 7842, 8% Chile Cop db 3 Clev Term 4%s '77. Cley Term 68 B 73, Clev Ter 53%5 A *72 Cologne 6% '50. Colomb 68’61 Jan.. Colomb 6s ‘61 Oct. . Colon 011 6s°38. ... Col G&E 68°52 May 3 Col Gas&E155'61.. 16 Com Inves 53%s '49. 21 ConsCMArf5s'50 5 Con G NY 4348 '61. 191 Con G NY 5%s'45. 10 10414 Con Pwr Jup 634S. . 41 Con Pow Japan 7s. 49 Cuba R R 1st 55 '52 25 Cuba 538 '45..... 394 Del & Hud 5%5'37. 871 Denmark 433 '62. . 60 Denmark 6%s'55.., 69 Denver Gas 58 '51. 85 D&RG W bs'55.. 2014 Det Edi 4145 D '61. 941, Det Edison rf 58'49. Deutscie Bk 63'32. 633 Dodge Bros 6s '40. ., 70 Duquesne 4%s " 963, Dutch East 16547, 893, Dutch East I 65'62. 821y Erie gen 4596, Erie ref 55'67.. Erfe ref 55'75. Fiat deb 7s'4 Finland 5%s'58. Finland 63s '5 Finland 7s '50. Fram Ind Tl%s French Gov 7s '49 French Go T%s'41. Gelsenk’hen 6s'34. , Gen Cahle 5348 '47. Gen Motors 6s'57. Gen P Sv5%s'39., Gen Th Eq 6540 Ger Gov 5% 65 Ger Cent Bk 65 '38. Ger Cen Bk 65 '60 J Ger Cen Bk €3 '60 O German Rep 78 '49. Ger Cen Bk 78 '50.. Goodrich 6s 45. ... Goodrich 6%45s'47. . Goodyr Rub 58’5’ Grand Trunk 6s ‘36 Grand Trunk 7s'40. Grt Nor 435 D Grt Nor 5335 B Grt Norgn 7 Hait 6552, Hud'& M adj 7. Hud & M 1f s '57.. Humble O1l 137, Hungary 73%s "44.. 111 Bell Tell 585 111 Cent cl tr 45 111 Cent ci tr 4s ‘63, 111 Cent rf 4s°6 1il Cent 4% '66. 11 Cent ref s ' 111 CCStL&EN 4%s 111 CCStL&N 58 A . 111 Steel db 4%s 40, Inland St 433 A'78 Inland St 43s B'81 Int Rap Tr rf 5566 Int Rap Tr ' Int Rap Tr 6s'32. . Int Rap Tr7s'32.. Int Cement 55°48. . Int & G N ad 6852 {nt Hydro El 6 Int Mate 41, Int Match 58 47 Int Pap ref 65 A'47. Int Pap 68 °65..... Gasma o ol lacTante~ nhnens Hn3- e Int Tel&T 4% 10519 1062 Sales. High. 52 « 100% 18 101% 1011 Am T&T 53543 . 27 104% 104% 42 453 481y 49 481 4874 99 68 57% 85% 82 58 93 514 5614 56' 89 434 % 100 10174 Loew's 6s % Lorillard 5s 51 Loriliard 7s '44 La & Ark 7s ‘69 Lou G & s Lyons 6s°34.. McKes & R 54" Manhat Ry cn Marseille €s Mex 4s astd 1910 Midvale s A Milan 63%s Ml ERy & L A PSSM 5§ a'3 MEK&T 41578, Mo Pac gn 4 Mo Pac 53 G ‘78 Mo Pac Gs H '80. Mo PacI5s'81.. Mo Pac 548 A'40. . Mobile-Ohio 5s "38. Mont Pow 6s '43. .. Montevideo 6s " Montevideo 7s " Mor&Co 1st 4% Nat Dairy 53¢ s'48. . Nat Steel 55 '56. ... NEng T 1stfs" Nw 8 Wales Nw S Wales fis " NYC3%s'9T. N Y Centdb4 N ¥ Cent 4258 N Y Cref 4} N Y Cent db 6s NYC&SL 4%s NYC&StL 1st 6= N Y Edison 5 NY EL H&P 4s NY ELH&P & NY NH&H clt 65’40 NYNHE&H 65 ‘48 NY Rys Inc 65’ N Y Tel gn 4348°39 Nia Sh Md 535550, Nord 6345 '50...... Nor & Wn cn 4596 Norf&Wn div 4s "44 North Am Co 53 '§1 Nor Am Ed 58 A 57 Nor Am Ed §s C Nor Am E N Ger Lloyd 8s '47. NorOT & L 6s'47. Nor Pac gn 3s 2047 Nor Pac 47 47. Nor Pacr16s2047. Nor St Pw 55 A 41, Nor St Pw 6s B " Norway bs Norway 5 Norway 6s Norway 6s '52 Ore Sh L 5s gtd '46. Oreg-Wash 45 '61 Orfent Dev 58, Orfent Dev 65 '53. Pac G&E 5s 42 Pac T&T 1st 5837, Pan Am Pet 633 Pan Am Pet 6s Param-Pub 5% Paramount 6s 4 Penncn 41560, Penn gn 4125 Penn 4%s D ‘70 Penn 4%s '63.. Penn §s'64 . Penn gen §s ‘68 Penn 63253 Penn O d . Penn P&L 4145 81 Peop Gas ref 5547, Pere M 15t 55°56. .. Peru 63 '60 Peru 63 '61. Pirelll 7s 62, Phila Co 55 67 Phila Elec 4571, . Phila & Read 6349 Phillip Pet 5% 339 Poland 78 '47...... Poland 8s '50. Port Gn Bl 4% s Por RAm T 65" Pos Tel & C 55 '53., Prussia 68 '52. .. Prussia 64 s Public Serv 45 '71.. Pub Sv G 4%s'67.. PubSv G 4%a'70. . Pure i1 5% . Pure 011 53%s°40... Queensiand Ts'41.. Read gn 433 A "97, Rem Arms 65 A ‘37, Rhine West 6s Rhine West 65 '53. . Rhine W 6555 ww Rio de Jan 615 '53. R Gr Do Sul 63 '68. RITArS Rome 6 Royal Sen All Fli 65A 35, Serbis-Cr-S17s'6 ne Cr o nc P L5s Skelly 011 Solvay A _ lell T&T 5% 41 SW Bell T 55 A ‘54 Sou Pac col 4 Sou Pac re Sou Pa i Sou P 412565 ww. ou Pac 4125 '81 Sou Ry cen Sou Ry 6iss StOII N J 5s 46 OINY 43 weden 5145 '54 Swiss 5158 '46. TalwanEP§ Tenn FI P 65 Tex Corp Tex&P 1st Tex & P Third Av Third Av a Tob P’,NJ 6, 56 | Toho 64k 80 66 4844 | Tou | 35 UdStW 6lss A Uruguay 6s'60 Uruguay 63 '64 Utah P&L 5 Utll Pow G138 °47. Vanadium St 5s'¢1, Vienna 6s 6 Va EI&Pwr 5% Va Ry & Pw 58'34. Walworth 6s A "45. Warn Br Pic 63 Warner Sug 7s '41 War en Bros fis {1 West Sh 15t 452361 West K1 Ab s 44 West Md 45 A 5 West Pac 5546 36% | West Union 55 NY NH&H 4367, 2w Lar=ShTerea 18562, Util Pw 5359 ww.. Wabash 1st 5533, 1 5 s Am Gas BY DR. MAX WINKLER. Specia! Disp: to The Star. NEW YORK. April 21.—Intimation that a method may be found soon of settling the political debt problem in a permanent way is regarded as one of ‘the most constructive developments in_years. The proposed solution refers to the sale by v v of railway bonds to ¢ the Reich in settle- nt of reparations. The creditors of any wili ver these bonds to United States in payment of_their de In order to facilitate the transac- tion, the bonds, which are expected to be a secured obligation of the Ger- man ra system, will be zuaran- teed by the various creditors of the Jnited States. U Rould appear to be as sensible an adjustment as can be found. It mey, if accepted by the governments affected, mark the turning point in the story of the world. 2. by the North American aper Alllance, Inc.) Dispatch to The Star BALTIMORE, Md., April 21.—White to:s, per 100 Founds, 75a1.05; sweet bushel, 35a60; yams, barrel, : 1, 4.00a6.00; beets, ; cabbage, hamper, 1.00 250; celery, crate, 1.50a kale bushel 20a30; eggplants, 1.7522.75; lettuce, crate, 2.50a ushrooms, basket, 35a90; onions, per 100 bunches, 65a90; oyster plants, 100, 5.00a6.00; peppers, crate, 2.003.00; peas, hamper, 1.75a2.35; radishes, ham- per 50a1.00; spinach bushel, 35a1.00; squash, bushel, 1.75a2.50. tomatoe: crate, 1.2523.00; apples, bushel, 50al. grapefruit box, 1.50a3.00; oranges, box, 50; strawberries quart, 20a35. Dairy Markets. Chickens, young, . Leghorns, 21223, old hens, 14a19; Leghorns, ol 15a16; roostel i ducks, 2 pigeons, pair, Eggs, receipts. 1433 cases; current . 121;; duck eggs, 10al4. A y ladles, 15a16 process, 18al9; stere packed, 11. Live Stock Market. Cattle—Recelpts, 75 head; steady; good to choice, 6.25a7.25; medium_to good, 5.50a6.25; fair to medium, 4.50a 5.50; plain to fair, 4.00a4.50; common to plain, 3.0024.00; to plain, 3.00a3.25; cows, medium to good, 3.50a4.00; fair to medium, 3.25a 350; plain to fair, 2.50a3.25; common to plain, 1.50a250; heifers, good to choice, 5.5085.75; medium to good, 5.00 fair to medium, 4.00a5.00; plain 3.5024.00; common to plain, fresh cows and springers, 25.50 o fair, 3.00a3.50; 30.00a60.00. Sheep and iambs—Receipts, 100 head; steady; good to choice, 7.50a8.25; sheep, 1.0023.50; lambs, common to medium, 4002650, Spring lambs, 7.00a10.00. Hogs—Receipts, 1200 head; steady light, 4.6024.85; medium, 4.60a4.85; light’ pigs, 4.2504.65; heavies, 4.00a4.45 roughs, 2.75a3.50; pigs, 4.60a4.85; West- ern_hogs. 10a20 higher. Calves—Receipts. 50 head; steady; good to choice, 500a6.50; common 1O medium, 3.0025.00. Hay and Grain, Wheat—No. 2 red Winter, garlicky. | spot. domestic, 57%; April delivery, 5735: May, 58'%. Corn—No. 2 yellow. 43a44; cob corn, new, barrel. Oats—No. 2 white, domestic, 33a34; No. 3. white, domestic, 32a33. Rye—Nearby, bag lots, 40a45. Receipts, none. General hay market is quiet, Receipts ample of timothy, but good mixed hay scarce and bringing a premium. Prices range from 12.00 to 16.00 per ton, as to grade and kind; latter figure for choice clover mixed. The poorer grades of timothy are irregular in price, spot. domestic, 2.00a2.25 per New York Cotton Special Dispatch to The Star. NEW YORK, April 21.—Opening cot- ton prices were unchanged to 2 points higher today. Trading was fairly ac- tive, with trade demand fairly good in May contracts, Opening prices were: May, 6.13, up July, 6.30. unchanged: October, 6.56, unchanged; December, 6.70, unchangex January, 6.79, unchanged, and March, 6.95, up 2. Grain Market By the Assoclated Press. CHICAGO, April 21.—Grain values averaged higher early today, influenced by bullish aspects of an authoritative unofficial crop summary covering wheat conditions from Texas to Nebraska. Notice was also taken of estimates put- {ting the Canadian wheat carryover gt |1928 and 30,000,000 bushels less than {July 31, 1931. Opening unchanged to |14 up, ‘wheat afterward sagged some- {what. Corn started unchanged to % ‘| off and subsequently kept near the ini- | tial limits, FOREIGN EXCHANGE. ons furnished by W. B. Hibbs & C0.) Nominal gold Seliing checks value. today. JSa6es $3.76% D l3sine 394%e D139l 140lc Da3mc 2378 5 26 5 140 193¢ 19142 pes: 9.3 nna, schilling.... 1407 Budapest, pengo... . 1749 Prague, crown (nom.) 2.964c Warsaw. zloty . 1122 5 . 26.8c Eped e (Quota London. pound Paris, franc Brussels, beiga Stockholm. . 26.8c iontreal. 10% discount. — Market Averages By the Associated Press. STOCKS. 50 20 %0 Indus. Rails. Util. Total 479 35928 Month Year ago ..... Three years 4go.21 Five years ago.l . 1932 EENo 58sBaEsEHea, e SEEIpariey SRLAIEIRBRS: 28l DO 38 e e oo S@ewineme e Indus. Rails Yesterdey . 606 644 Previous day .. 605 641 Wee 5 Month Year ag 997 Two years ago. 840 1055 Three years High, 1932.. crate, 3.25a2.50; cauli-| bulls, medium to ! good, 3.7584.25; fair to medium, 3.50a 375 plain to fair, 3.25a3.50; common | | 174,000,000 bushels, the smallest since | Am Hardware (2). Am Laun Mch 1.20. Am Maracaibo..... Am Superpower. .. Am Super 1st pf(6) AmUt& G B vte Appalachian Gas. . Arcturus Radio T.. Arkansas Nat Gas. Arkansas Nt Gs A. Ark N G cu pf(foc) Art Metal (b8%) Asso El Ind Ltd {ASSOG& EADS% . Asso G & Ect (8).. Asso Rayon. ... Atlantic Sec Cory Atlas Utilities. Atlas Util war, Atlas Ut pf A (3). Auto Vot Mac new. PBenef Ind Loan 14 Blue Ridge. ... FAue Ridge pf (a3). os&Me RR pf A st MR s 78l TL&P (bR % ) rt-Am T cu B kile Buckeve P L (1) Buft N&E pf (1.60). ma, Ltd rets 4c. Butler Bros. ...... Canadian Marconi. “ent & Sw Ut pf tes Flec... erv (g30c). e pt (6) Cities S P&L pf (7) ude Neon, Inc. . Clev Elec Illu 1.60. Cley El 11lu pf (6) Comwth Edison (8) Comwlth & Sou war ck Tunnel. , s Balt 3.60. sUtLA... Cora Corp. Creole Petr: Crocker Wheeler. De Forest Radlo. .. Detroit Aircraft... East States Pw B.. Kisler Elec Corp... Elec Bond & Share. Elec B & S pf (6).. Elec B&S cm pf(5). lec Pwr Asso (1), lec Shareholding . mp G&F cm pf(8) op Elec deb rts. Ford Motor Can A. Ford M Ltd - Foundation For Sh General Alloy . General Aviation. . Gen G&Ecv pf B 6 ien Pub Service pf. Gold Seal oldman Sachs y Tel T 115) GtA&PTn v 16%. Gt A &P Teapf (7) 1 Guif Ol of Pa.. Hazeltine Cor . Hudson Bay Min. . Hygrade Food..... |7 3 Hygrade Sylvan 13 121 IMP&LPEL(6).... Imp Oil of Can 50¢c. Insull Inv....... InsCo N Am (2). Intercont Pete. ... Int Petrol (1)..... Int Util B. Int Util war new. . Interstate Equities | rac g& |tthP&Lt., | Vick Financ (30¢). Aos | “Nonden Copper. ™ | Wil-Low Cs Imp Oil Can rg 50¢. 7| Cafeteri | in stock’ Mountain Prod 80c¢ Natl Aviation. atl Baneservice. . at Bnd & Sh (1).. Nat Dalry pf A (7). 758 at] Pw&Lt pf (6).100s atl Rubber Mch.. 1 hort Trm p55e 1 adford Ofl.. 3 New Jersey Zinc 2, 4 New Mex & ALnd. 5 Y Telpi (6%)... 1 iagara H Pw(40c) 76 Niag Hud Pwrin).. Ninz H Pw A wr. .. Niagara Share, Md. Nia M pf. . Niles-B-P'nd (60c). North Am Cement. North Europ Ofl North S Pw pf (7). 508 Oflstocks Ltd A.... 1 1stpf1% Pacifi West Ofl..... 1 Paramount Motors. 1 Penroad Corp...... 10 Penn W & Pw (3) 1 Pet Milk pf (7).... 80s Philip Morris(new) 1 Phoenix Secur Corp 12 . 2 1 1 2 8 Mass Util Asso 3 1 1 1 1 1 1 1 | Pliot Radio Tul mouth Oil k: Prudential Inv | Pub Util Hid war.. 46 | Pub Util Hidxw.. 30 ) Ut Hold em pf. 1 Radlo Prod [ elfance ) .| Reybarn. ... St Regis Paper. gal Lock & Hrd. Selected Ind. Selec Indalct(5%) 2 3 Sherwin Williams 4 100s 2 Smith (A 0).......50s South Penn Oil (1), SouCalEd pf B1% So Colo Pw A (2).. Southern Corp. South Union Gas West Gas Util. . * ;| Stand OllInd (1).. Stand Oil Ky (1.60). Stand Oil Ohio 214, 200s Stand Pw & Lt (2 Stand Pub Starrett Cc Syracuse W Mch B. | Tech Hughes (£0c) Tobacco Prod Del. . Tri-Cont Corp wr. . Un Gas of Canada. . United Founders. United Gas. ..., United Gas war.... 2 Unit Lt&Pwr (A).. 10 United L&P pt (6). U S Elec Pwr ww. . US & Intl See. ..., U S & Intl 1st pt, Utllity Equitfes. Util Equities pf Van Camp Pack. 1% 4% % Woolwth Ltd ks t4¢ ¢ 10 10n Dividend rates in doilar; ased ides xvr!:zzl‘l!yhaxo!rrn.( iPlus 4% in stock stoc b Pay; n 3 rp?lluh 5% in stock. h Plus 1% (Plus 27 in stock. Kk Pius 10% m Plus 3% tn stock. n Blus 3% U1 © Pald last year—no regular rate. in stock Washington Produce Butter—One-pound prints, 23; tub, 22. | Eggs—Hennery, 11; current receipts, 10. Poultry, alive—Old toms, 15; you toms, 17; hens, 20, crooked breas! 12; Spring broilers, 1'> to 3!, pounds, 23a25; Leghorn broilers, 20a21; Win- ter chickens, 18a20; stags, 12: large, 15al7; medium, 15al7; Leghorn hens, 13al4; capons, large, 30a32: small, 20a23; slips, 18: roosters, 10; keats, young, 45a50; old, 25a30. Poultry, dressed—Turkeys, old toms, 18a21; young toms, . hens, 26a29; crooked breasts, 20; Spring broilers, 1% to 3%: pounds, 26a28; Leghorn broilers, 23a24; Winter chickens, 21a23; stags, 15; roosters, 12; hens, 3 18a20; hen hens, 16al7; capons, large, 33a33: small, 23a26; slips, 21; roosters, 13; keats, young, 60a70; old. 30a40. Meats—Beef, prim 14; good, 13 veal, top, 13; good, 12; lamb, top, 17 good, 16 pork loins, 16; fresh hams, 14 smoked hams, 6: strip bacon, 16; lard, 7!'2: compound, 7. Live stock—Hogs, lights and mediums, 4.40; heavies, 3.56a4.50: pigs, 8.75a4. roughs, 2.00a3.00; celves, 3.0086.50; lambs, 4.00a7.50; Spring lambs, 6.00a 9.50. quarts, 35; apples, bushel ket 1.00a140; fancy box stock, 1.50a2.5 oranges, 3.50a4.50; lemons, 4.00a4.50 grapefruit, 2.25a3.00: honeydews, Chile, 250; pears, 3.50a4.5 2.00a3.00; pineapples, 4.25; ba- nanas, 1.00a2.00; limes. per 100, 2.00;\M e | Meaasiiic "Tei ‘pi“#ilac rhubarb, hothouse, 75a85; plums, 1.50a 2.00; nectarines, 2.50; cranberries, 4.50. Vegetables—Potatoes, Maine, pound sacks, 1.25a1.40; New York, 1.15; fdaho bakers, 2. 2.75a3.00; seed, 150-pound sacks, 1.75a 2 sweets, 75a1.00; string beans, 5.00 50: limas, 6.00; spinach, home grown, 50a7: Norfolk, 85; kale, cabbage, 2.00a2.10; celery, 2.50a3.50; eggplant, 3.00a350; peppers, 3.50a4.00 cucumbers, Florida, baskets, 4.00a5.00; turnips, crates, 3.00a3.50; beets, 2.75a 3.00; carrots, 3.5084.00; bushel, 2.00; tomatoes, 6 pans, originals, 2.50a3.00; repacks, 3 pans, 2.25a250; mushrooms, 85a1.00; peas, California, crates, 5.00a5.50; Florida, haskets, 3.00 a3.50; squash, 3.5 lettuce, Iceberg, 2.25a2.50; asparagus, California, dozen bunches, 3.50a5.00. Belated Liquidation. NEW YORK, April 21 (Special) —In nearly every large brokerage there have been accounts that have had to be sold out lately owing to the ex- haustion of margins. Six months ago the stocks in these accounts were re- garded as amply protected, but with the latest. decline, which has strikingly af- fected many of the leading industrial, public utility and railroad issues, mar- gins have dropped to a point where there is no protection lefi to the broker. This has involved some heavy liquidation. It has resulted in the wiping out of prac- tically all the profits of men who made large fortunes in the rise of 1928 and 1929 Those accounts that have gone through the April decline intact now appear to be as strongly margined as the others which were equally well margined last December. Brokers find an increasing number of clients dis- | posed to liquidate their securities when | | Printing Aachi i Rkl - hens, | | Babeock & Wilcox Ltd « medium, 18a20; Leghorn | Lindsa Fruits—Strawberries, North Carolina, | D! : | Kekaha S alligator pears, | Lindsay (C W) 100- | Na: 50; new, bushel, | Osweko Falls Corp & 40a60; | B | .Do. ®tf . $2 Rwy & Lt 'Sec pf €130 | Rolund Pk Homeland | P 3 grown, | Rolland Baver Co Lid home-grown, | Rollan &t | secuirity T Co {Stand F Ins (N Ji 51 | W Va Pulp & P pf $1:50 houe | DIVIDENDS DECLARED NEW YORK, April 21 (#)— Extra, e- - Company. Rate riod. adle, Tiasra 2. "Abr. 15 Aor. 14 52 11 Apr. 15 Aor. 14 Durham 1o ar SPeclal 0% DL illie.. Initial, Fed Rovalties .....10c .. May Reduced. May 10 Aor. 30 | July 1 June 20 May Apr. 20 R L 37iac M 2 : Sione & Webster-12i2c Q May 18 Moy 3 Am Dep Rec)...7% May - Aor. 20 Omitted. Pe- n o Rate riod. Due. ues Tng ‘ QMai Nat RI“( C -‘”lfl! mpsons Ltd 6124 b, 51621 May Troxel MIS o.o.sv. s 1 Q May Deferred. Art Metal Wks Inc. 7 Stk Noma Elec +-- My Pe- Pay- Hidrs. o Ratesiod. able, record Apr. 25 Apr. 8 Apr: 20 Avor, 30 May 4 Apr. 30 May 1 May 11 Apr. Apr. 26 Apr. May Apr. Aor. Compuny. Concaord D © O DOPEO & ar Co [ 0 $162'% Meryland ‘Comrel Bkrs ol 35¢ = Mercantile Com Bk & Tr. (St_Louls) _.....73¢ t Biscuit pf. . 3175 t Sash W cv pf 87'sc t Sv & T (Wash) 3 Apr. May Apr. Apr. 5 BRES 5. Avr. Apr. Avr. Mar. Aor May Apr. Apr. Apr. 1st b > Owens 1il ‘Glass *..50c Parker (SC) ol A'[10c Penn Tobac Co A Perfection Stove itts B & L E 2 Ysoswcig Mgy o Avr. May Mar. May Aor une Avr. 21 May Apr. Avr. of i (Lexington) _. ... .85 Stand Cap & Seall G0c Stand Steel Cons A c Troxel Mfg pf 7 Wt Western (G) Ltd D D POPOOC © D DOOwE OOO OODE wm O KOO pt . $L75 Williams (B C) & Co B 17%e e POTATO MARKET. CHICAGO, April 21 () (United States Departmens of Agriculture).— Potatoes—Receipts, 105 cars; on track, 267 ‘old, 19 new: total United States shipments, 778; old stock, supplies lib- eral, dull, trading slow; Wisconsin round whites, No. 1, 75-80 to 85; un- clissified, 65170; Minnesota, North Da- kota Irish cobblers, 75-80; Red River Ohios, United States. No. 1, 75-80; un- classified, 65-70; Idaho Russets, No. 1, 25-1:30; few 1.35; No. 2 95-1.00; new stock, supplies moderate, demand light, dull; no sales. NEW YORK BANK STOCKS NEW YORK, April 21 (#)—Over-the- margins become thin rather than put| counter market: up additional cash or collateral, even if they are able to do so. U. S. TREASURY CERTIFICATES (Reported by Chas. D. Berney Rate—Maturity B | 3tas Oct. 15 1932...... 1932 1 2 -32 193270070 8-32 100 11-32 1932 . 19320 . 1982 BANKS. Bid. Asked Chase (3) ... .. 3% 33k Commercial (81 . ' 25 133 Pirst National (100} 1428 1525 Manhattan (2) e 23 onal City (3) Public (2) . ; land moved ahcad. 50c .. June 1 May 15| Apr. 30 | BY JOHN A.-CRONE. Special Dispatch to The Star. NEW YORK, April 21.—Stocks on the Curb Exchange moved upward to- day, with volume showing a tendency to increase as the session progressed. Electric Bond & Share around 15 was up almost a point but Cities Service was virtually unchanged during the 2| first two hours. Standard Ol of In-| diana showed speed just after midday ‘American Gas & Electric gained 1': points to 26. Corporate developments rather than general trade news vroved to be the most_important market factors today. Southern Colorado Power class A had discounted halving the dividend to a basis of $1 a year. Profit of $201626, exclusive of $54,194 loss on sales of in- | vestments, as shown by Corroon & Rey- nolds Corporation, was indicated by the action of that stock in Wednesday's sesston. American Cyanamid remained firm but inactive following the announce- ment that Southern Alkali, a subsidiary, had purchased oil and ges in the Saxet field, including six producing gas wells whose estimated daily output approxi- mates 150,000,000 cubic feet. Omission of the common quarterly of 15 cents on | American Thermos Bottle was without immediate market efTect. Boston & Maine Railroad 7 per cent prior preferred made one of its infre- quent appearances at 33, off 7 points. i Cities Service Power & Light preferred and Empire Gas & Electric preferred were each down a point as Pacific Gas & Electric 5% per cent preferred lost nearly twice that much. Hobart Man- ufacturing placed its common on an an- nual basis of $1.60, against $2 three months previous, but the issue contine ued inactive, ~ WHOLE-SALE PRICE INDEX SHOWS GAIN FOR WEEK By the Assoclated Press. The wholesale price index of the National Fertilizer Association ad- vanced during the week ended April 16 for the second consecutive period on the strength of higher prices in a relatively small number of important items. 1 The index, which is based on 476 individual quotations representing 1926- 28 prices as 100, now stands at 62.3, as compared with 62.2 the previous week and with 73.2 & year ago. During the latest weck 4 of the 14 main groups comprising the list ad- vanced and 5 declined. The advancing groups were grains, feeds and live stock, building materials, fuel, includ- ing petroleum and its_products, and fertilizer materials. Those declining were fats and oils, foods, metals, agri- cultural implements and mixed fer- tilizers. Sixteen individual commodity prices were higher during the week, while 33 receded, with practically all of the ad- vances being in the groups of heavily weighted commodities. Included in the list were wheat, cotton, lard, flour, cat- tle, petroleum, gasoline, sulphate of ammonia and coffee. Among the com- modities showing price losses were eggs, potatoes, bread, hogs, tin, silver, calfskin, burlap, silk, wool and mixed fertilizers. Foreign Bank Rates. NEW YORK, April 21 (Special) — The Bank of the Netherlands has re- duced its discount rate from 3 to 2% per cent, which puts it on the same basis as that of France. Switzerland still has the distinction of quoting the minimum re ue - abundance oglulu.nda in the Swiss banks for the account of capitalists and in- stitutions in other countries. The Bank of Finland reduced its rate from 7 per cent to 6i2 per cent, which places it on the same basis as Spain. The highest rate in Europe now is that of Greece, 11 per cent, with Hungary quoting 8 per cent and Austria 7 per cent. BONDS ON THE CURB Sales in thousands. 10Am_Cmwh Pw 6s 40 9 Amer G&E 5s 2028, 18 Amer P&L 65 2016, 1Amer Rad 4lzs ‘47 1 Amer Roll Mifl 6s ' 3 Appalac Gas 65 B '45 3 Appalach Pov: 55 '56 10 Arkans P&L 55 '58.. 3 Asso El Ind 4'as E 4las 3Asso Gas&El 55 '68.. 1Asso G&E 8ias ‘71, 20 Associat Rayon 5s ‘30 29 23A Tel UMl 5ias "4 C 1 Baldwin Loco Stas '33 1Bell Tel Can 35 A 38 2 Bell Tel Can 35 C ‘60 88 1 Carolina P&L 5s ‘6. 5Cen 1Il P S 41ys F ‘61 60 6 Cent_Pow&Lt 5s '56 1Cen Pub Ser 5izs 49 3Cent_St P&L 535 53 Cin 8t Car 8%s A '52 26 Cities Service 55 '50.. 2Cit Ser Gas P 65 43 c v 5ips 52 Cleve Elec Illu 3s '39 Comwh Ed 4135 E '60 Comwh Edis ds P ' Comnity P&L 55 '37 6Con Gas U 6135 A '43 5 Consum Pow 41us_'5 10 Cont G&E 55 A° 58 2 East Ut Inv 55 A '54 193 10Edis El Boston 4s '32 100%s 20 Edis El Boston S5 '33 100% 2El Paso N G 6las '43 68 3 Empire Dist EI 8s '53 56% SEmpire O&R 5las '42 41 5 Florida P & L 85 '34. 0% 2 Gatineau Pow 5s '56. 61 5 Gulf St ULl s A 56 1 Hood Rubber 5ias '36 Hous L & P 55 A '33 Tl Pow & Lt 8 A 83 11l Pow & Lt 35 C '36 1Int Pow Sec 7s P '52 24 Intern Sec Am 55 '47 11 Intersia_Pow 55 '57.. 14 Interes P § 41 4 2 Jers C P&L 4'3s C 61 2Kans GAE 65 A 2022 1 Kentucky Ut 55 H ‘61 5 Koppers G & G 55 47 1 Korper G&C 5izs '50. 1 Mass Gas 3ias '46. ..~ 1Mid West UL 55 '32 ¢v 5 Mid West Ut 55 ‘34 cv 1 Mid West Ut 85 '35 cv 2 Mont L H&P 35 A 51 8 Narragansett 5s ‘87 2 National Food 6s ‘44 25 Nat P & L 65 A 3026, at P8 35 18...... ational Tea 55 '35 . eh Pow 65 A H k 1 7 2222227 Mig 65 '42.. . d Gas & E 65 '35 tand 1nv_Sias '39.. wif: Co 55 B nn Elec Pow 55 /56 rexas Elec 55 '60 wi. 1Texas P & L 5s '56.. 4 Unit P & L 5ias '539° 10Uni Lt & Ry 65 A '53 80 14 United P & L 65 '75 5U 8 Rub 6'25 34 5U S Rubber 6s "33 2 Va Pub Serv 55 B ‘30 2 Waldorf-Astor 7s '84. 3 Wes Tex Ut 55 A '37 50 3 Wis Pub Ser A 6s '52 FOREIGN BONDS. 11 Com Pr Bk Real Est’lte Safe—Conservative Realtors Established 1887 DI. 1016 1519 K —and OTHERS having Valuable Records ~—to preserve, are invited to utilize our Storage facilities, in a centrally-located FIRE- PROOF Building guarded day and night by watchmen, thus insuring maximum safety fWhy use valuable spac vour office, when we furnish— Individual Rooms as low as $4 per month —equipped with racks to fas cilitate examination of records, whenever desired? Merchants Transfer and Storage Co. JOHN L. NEWBOLD, JR., President 920-922 E St.—Nat. 6900 up Pow 65 A '63 1 Prussia Elec 85 '54 Associated Gas and Electric Corporation o/ EIGHT YEAR O GOLD BONDS Yield—Initial interest is 834 %, pat- ticipating conditionally to 10%. Earnings—Consolidated net earn- ings after depreciation and all prior charges are over eight times the interest on $40,000,000 of these bonds at 8%. $10 Denominations—Available in d form, in denominations of $10 and in bearer (coupon) form, in $100, $500, and $1,000 pieces. Write for Circular D-246, to which reference i3 hereby made, piving complete details Incorporated 61 Broadway New York City INQUIRIES INVITED Associated Gas & Electric Securities D. H. McKnew & Co. 1200 15th St. N.W, Decatur 5660 A Generous Return on Your Investment Combined with Safety, when you BUY OUR FIRST MORTGAGE NOTES Secured on new brick homes in preferred northwest resi- dential sections. Every mort- gage protected by fire insur- ance and title guaranteed by responsible title companies. Conservative Ap ing Absolute IN DENOMINATIONS OF $250 and upwards BOSS & PHELPS 1417 K St. Realtors. National 9300 Stationery and Office Supplies “Guild” Is the Hall Mark of Quality. Fair Dealing and Just Price {The mark of guild on any item of office sup- plies is a warranty that it is made according to exacting Guild stand- ards. We Recommend and Guarantee Guild Products 100 8-32 Cl t Union 55 '60. 47% 50 Low. 1932 1933.. Continental (1.20) AL ¥ |intTa&T6s55. 3 34% | West Un 6338 36.. % 73 78 : e 101 1183 | Corn Exshanss (1) ... *Ex dividend 52% extra Italy 7s '51 4 90% | Wh &L E con "49... 704 0% g aranty (30) bBooks closed. ¥2'2% extra. Italy Pub T 55 55 ER— Trving (1.60) ..~ s ; All except 10 of the talking picture | Manufacturers’ (2] B o e Atk 55 v » - | New York Trust (5) 01101 iR 8% extra. Japanese 6348 '54. . -l 441 theaters fn India have Ameriohn oquip- | 7ile gusranty & Trudt (L86) *Inciudes extra. IntT&T4% 31ty 8 Rubr G Co 635 A '53 13 Russian 6las 19 12 Russ 614 ctf N C 19 Terni Soc 6las A '53 WwW—With warrants. ithout warrants. n—New. Wi—When issued. 30 83. *New 1932 low. (Copyright, 1932, Standard Statistics Co.)