Evening Star Newspaper, April 26, 1932, Page 15

THE EVENING STAR. WASHINGTON, 26, 1932, FININCIAL. PRODUCE MARKETS NEW YORK, April 26 (#).—Stocks firm; Norfolk & Western soars on D. C, TUESDAY, APRIL A—15 I['N. Y. CURB MARKET | CURB SHARES RISE FINANCIAL. bt ‘O N NEW YOR GOVERNMENT BOND| [ BONDS 87k s¥er 2 Received by Private Wire Direct to The Star Office. Markets at a Glance ADVANCE: RESUMES Brisk Buying Results in Fur- ther Gains for Most Issues. BY F. H. RICHARDSON. Bpecial Dispateh to The Star. NEW YORK, April 26—The strength in the bond market today was in Gov- ernment issues and in a number of the | Abitibl P&P 5s°53. 114 UNITED STATES. (Sales are 1n $1.000.) Sales. High. Lib 3% s 32-47. 164 101 1 L 1st 4% s 32-47 37 101 27 10123 10125 L 4th 4148 33-38 75 102 23 10218 10220 US351951-55. 396 94 30 9418 U S 3%s 1946-49765 96 11 HsM41-3 94 994 97 994 173 993 21 101 4 36 103 2 . 93 1065 A'leghany Cp 6544 18 Alleghany 5s " 3 Alleghany 55 '50 [ Allis-Chalm 5s°'37. 4 second-grade railroad mortgages. The| Am Beet Sug 6s'35. 1 heavy oversubscription to the one and two year Treasury notes and certificates and better March returns by some of the carriers were the factors influencing the advances, The entire Government list showed moderate gains. While there was not the activity nor the. broad fluctuations that occurred a short time ago when top prices of the year were made, it was evident that buying for the ac- count of the Federal Reserve system and for member banks, as well as by individuals, was proceeding at a brisk pace. Gains were largest in the long- term Treasury issues still selling at the greatest discounts from par. It is ex- pected that the allotments of the new ‘Treasury notes will be small and even less satisfactory than those made for the March offering. Among the lower priced rails Illinois Central 4%s advanced a point on the March report of the road showing it covered its fixed charges. On the other hand, Frisco 4s and 4!2s were heavy. Baltimore & Ohio first 4s declined over a point, while the junior issues of the road were higher. Northern Pacific 4s and Union Pacific 4s moved ahead. Chicago Great Western 4s sold below 40 again and then rallied. Alleghany Corporation 5s eased. New York traction bonds followed the recurring rumors of an agreement on franchise and fare conditions. Inter- borough Rapid Transit 7s, which are due in a few months, rose 1}, points, while the refunding 5s were up a point. Scattered throughout the general list were fractional changes, but with volume so small as to have no signifi- cance and reflecting no definite trend. The foreign list also was dull. The German _group exhibited the uncer- tainty of holders of these bonds as to the future political control in Ger- many. While the government issues ‘were heavy, the largest losses were in corporation’ bonds. At the same time there was a moderate reaction in French government issues, although this apparently was due to the com- petition of recent buying for French account. This had raised the price of the government 7%s about 12 points from the low of the year and the gov- ernment 7s about 9 points. Kreuger & Toll 5s advanced another point. When the Kreuger suicide oc- curred the general recommendation was to sell these bonds, but hold the bonds of International Match. Because of their default on May 1 the latter have dropped to a market value of $20 per $1,000 bond, while the Kreuger & Toll 55 are selling at the equivalent of nearly $150 per $1,000 bond and in- terest is still accruing on them. Regional Sales Agency. By the Assoclated Press. It is expected the De] ent of Justice will institute suit shortly to test the legality of the regional sales agency set up in the coal industry. Excellent progress has been made, it s understood, with respect to collection of data requested of Appalachian Coals, Inc., by the department, and trial of the case in a District Court is looked for by the National Coal Association in late Summer. Officers of the corpora- tion are hopeful the United States Su- preme Court will hand down a decision within the year. A \'nlumeyol information was turned over to the Department of Justice last week in answer to a questionnaire re- cently addressed to Ap) n offi- cials and the attorneys for the agency, who are Col. Willlam J. Donovan and Edgar L. Greever. | Am F P 582030.... 29 AmIGCh5%s 49, 5 AmIntls%s'49... 3 Am Metal 5% Am Sm&Ref 5s'47. 10 Am Sug Ref 65'37. 5 Am T&T 4%s'33.. 3 Am T&T c tr5s'46. 11 Am T&T deb 58'60. 37 Am T&T deb 5 '65. 73 Am T&T 5%s'43.. 46 Am Wat Wks 5534, 2 Am Wat Wks 6s°75 2 Am Wr Pap 65 '47.. Argentine 515 '62. Argent 65’ 61 May. Argentine 6559 Ju Argentine 6s Argentine 63 A '57. Arm & Co 4%8'39 Arm Del %343, Assoc Oil 65 '35 Atchison gn 4s°95. Atchison 4% 848 Atl GuIf&W1 58" Australia 4%3'56. Australia 5s ‘5. Austrian s '43 Austrian 7s '57. B&O1st4s’48.... 04%s'33 04%s 60 O 1st5s'48.... Oref5s'95. ... kO ref 5 D 2000. O Toledo 4s'59 B&ODP&WYV 4s ™ Bk Chile 6%s5 ‘61 Batav Pet 4145 "42. Belgium 6s ‘55 Belgjum 6%s ‘49 Belgium 78 '55 Belgium 7s "66..... Bell Tel Pa s B'48. Bell Tell Pa 55 C'60 Benef Loan 65 '46. . Berlin Cy El 6s'55. Bolivia 8547 Bordeaux 6s " Bos & Me 55" Brazil 61s Brazil 613 Brazil 8s '41. Bremen 7s'35. Bklyn Ed 55 A "49.. Bklyn Elev 6% Bklyn Man 6s A Bklyn UnGas5s'45. Bklyn Un Gas 58’50 Budapest 63 62.... 3 Bush Ter con 58'55. 1 10 6 Can Nat Ry 4% 8’65 Can Nat 5s 69 Oct. Can Pac 43%s'60... 40 Can Pac §s 54 . 26 Cent Pac 1st 4549, 14 Can Pac 58 "44 ctfs, 12 Cert-tddb5%s"48. 3 Ches Corp 65°47... 13 C&Ogendéys'sz,, 3 C&O4%sB'95 ChiR14%s'60.... 19 Chi RI&P gn 4588, C& W Ind 5%8'62.., Chile 6s '60. Chil 61 Chile 65’61 Chile 65 '61 Sept. ... Chile 7542 Chile Cop db 55 °47. Chin GvtRy 68 '51. ., CinUnTrust 5s 2020 1t Colomb 6s'61 Jan.. 1 Colomb 6s 61 Oct. . Colon O11 6538, ... Col G&E 6852 y Col Gas&El 55 '61. . Colo & Sou 41 s '80, Cons C Md rf 58'50 13 102 28 102 28 gn. Low. Close, 35% . 1 6% Ch&Ohcon5s'39.. 6 1 7 87 Sales. 50 Japanese 5% °65.. 31 Japanese 65 '54.. 41 Kan City Sou 3s'50. Kan City Sou 58'50. Kan City Ter 48'60. Kan G&E 4135 '80. Karstadt 63°43. ... Kreug & Toll 58'59. Lack Stl 55 A '50 Laciede Gas 6s ‘34, Laclede 5%s C'53.. Laclede 5% s D '60. Lautaro Nit 65 °54. Leh Val cn 452003, Lig & Myers Lig & Myers Lorillard 58 '51. La & Ark 53'69. ... Lou G & Kl 5s A'52 L & N unt 4s'40. L&N4 McKes & R 5% 8'50. Manhat Ry cn 4590 Marseille 6s'34.... Midvale Stl 55°36.. " MStP&SSMen 4538 MK&T 1st 43°90. MK&T4%378. .. MK & T adj 55°67. Mo Pac gn 4s'75..., Mo Pac rf 53 A '65. Mo Pac Mo Pac Mo Pac Mo Pac I Mont Tr Ist rf 5 Montevideo Ts Nassau Elec 45 Nat Dairy 5% 848 Nat Steel 5356 N Eng T 1st 58°52, Nw S Wales 58 '57. Nw S Wales 53 '58. N Y Cent db 4s '34. NYFdrf6ls'4 NY ELH&P 55 '48.. NY NH&H 3%s '56. NY NH&H 4s NHA&H 65 '48. Nia Sh Md 5% Nord 6%s '50 Nor & Wn cn 4 North Am Co 5s Nor Am Ed § Nor Am E 51563, NorOT & L 6s'47. Nor Pac 4s°97. o Nor Pacri6s 2047, Xr St Pw 53 A "41. r St Pw 65 B 41, Norway 5343 6! Norway 65 '44..... Ore Sh L 5s gtd "46. Oreg-Wash 4s’61. ., Orient Dev 5% 5s'58. Pac G&E 53 42 BammESonaes Pan Am Pet 6s'40. Param-Pub 53 50. Paramount 6s 47 Paris-Ly M 65’58 IR, Paris-Or 54568 Penn sta 45 '48. Penn 4% s D81 Pennecn4%s” Penn gn 4156 Penn 55 64. Penn gen 53’68 Penn 635 °36. . Penn PAL 4%s Pere M 1st 58°56... Peru i Peru 1 Phila Co 55'67. Phila Elec 48T Phila & Read Philippine R 4s'37. Phillip Pet 5% s '39 Pillsb F M 6s°43... Pirelll 7s '52. : TPoland 6s'40.. Poland 78 '47.... Poland 8s ‘50 Port Gn El 4%s Por RAm T 6s'42. Pos Tel & C5s'53., Pressed St C 55°33. Prussia 65 '52 8 Pub Sv G 434867 PubSvG43%s°'70.. Pure Of1 534837, ., Pure 01l 5%s"40... Queensland 85 °47.. Read gn 4% s A '97, Reading 4%s B '97. Tem R 5% sA"4Tww Rhinelbe U 75 '46 Rhine Ruhr 6s‘53.. Rhine West 68 '52.. Rhine West 65 '53. . Rhine W 65 '55 ww. Rio de Jan 838 '53. R Gr Do Sul 85 '68.. o o e e - ooy » 101% 10115 12 26 29 101% 1034 9674 B8Y 72 957 T5% 687% 8215 98 87% dividend _announcements. Bonds _ir- regular; U. S. Governments firm. Curb steady; trading dull. Foreign ex- changes irregular; sterling continues decline, Cotton lower; local and South- ern selling;: May liquidation. Sugar quiet; steady spot market. Coffee steady; European selling; May liquida- tion. CHICAGO, April 26 (#).—Wheat firm; cold weather Kansas and Ne- braska; large decrease in world visible. Corn steady; unfavorable weather Cen- tral West: improved cash trade. Cattle steady. Hogs steady to higher. New York Cotton | Special Dispatch to The Star. NEW YORK, April 26.—After a fur: ther slight recovery during early trad- ing, the cotton market eased off a few points today and closed with a loss of 4 to 7 points on the day. Following the large volume of business during the liquidation of the May delivery, trading quieted down materially after notices were circulated. Spots were unchanged at 6.15. Cotton range: Open. . 605 BONDS ON THE CURB MARKET. labama Pw 41is 67 iabama Pow 55 ‘56 labama Pow 55 '68 88 L 55 '36 3Asso Elec Ind 4'as '53 1As30 G & E 4145 " 1As50 G & E1 5 14 Ass0 G & E 4las 49 C 15 Asso Gas & EI 55 '50 20 Asso Gas & El 55 '68 1TAsso T&T 5%as A '55 3 Cent Pub Ser bl ent Stat Elec 5s ' 3Cent St Elec 528 rvice 55 it Serv Gas 5ias '43 it Sery Pow 513 '52 391 23 s 57 51 152 165 A 43 19 41 Crane Co 5s 2 Cudahy Pack; 2Dix GG 625 A 3T w 5 Duquesne Gas 6s 40. % 5 Vending 65 3 Georgia Power 55 'l 30 Gillette S Raz 55 3 Grand Trunk 6% 3 Towa-Nb L. 12 Jers C P&L 41.s C '61 53 P&L 55 B |47 1 Kansas Pow 5s A 1Ken Utilit 1st 55 ‘69 jt 55 H 61 a 55 9 Manitoba Pw 5l3s 14 Massachu Gas 5s '35 1 Mass Gas 5125 " . 1Memp P & L 55 A ‘48 2 Mid West Ut 55 '32 cv 4ls SMinn P& L 4%s 18, . 2 Miss Pow & Lt 55 '57 | Potatoes, Butter, Eggs and ! Dressed Fowl Steadier, However. Prices of farm products have shown a rather weak trend since the middle of April, says the United States De- partment of Agriculture, Bureau of Agricultural Economics, Market News Service. But firmness, or, at least, steadiness, appeared in some lines, like potatoes, butter, eggs and dressed fowl, all important sources of cash income to many farmers at this time of year. The loss of a large part of the month's previous rise in the wheat market was in response to better crop news and larger supplies at hand. Mill feeds and hay average a little higher, compared with mid-April prices. Live stock and meats met slow demand and there were lower prices quoted on calves, lambs and hogs. Butter Price Sustained. Prices of butter were fairly well sus- tained after the middle of April fol- lowing the weak and unsettled cond! tions the first half of the month. Buyers were operating a little more freely and receivers effected a close clearance of daily arrivals. Speculative buyers were conspicuous by their ab- sence and no great confidence was ex- pressed at the present price levels. In 5o far as the supply and demand angle is concerned, the market appears to be in & normal healthy condition, but {outside factors, such as condition of stock and grain markets and general industrial conditions, have a decidedly unsettling effect. Price of standard grade at New York has averaged close to 20 cents during April. Most points report increased arrivals from the South and Southwestern States, with much of this butter showing the ef- fects of the early pasture feed in the color as well as in the flavor. Presh cheese prices, in the principal centers of distribution, dropped Yz to 3% cent following the lower replace- ment costs in producing sections. Net decline since the first of the month is about 1 cent. At the new price level the tone was steady. While the lower prices resulted in some increases in the demand in a few quarters, trading in general was confined to actual needs. Fine quality cured and held cheese con- tinues full steady to firm. The net out-of-storage movement of cheese in the 26 markets during the first half of April was about equal to that of a year ago. Cheese prices in foreign markets were practically unchanged. Potato Market Irregular. City prices of Florida potatoes were higher, but Texas potatoes were some- what ‘weaker, Green Mountains ad- vanced at shipping points in Northern Maine to & range of 60 to 65 cents per 100 pounds, but other leading districts for old potatoes reported a steady mar- ki et. ’ Cabbage markets were considerably higher. Practically all onions sold lower except for a firm market on Mid- western and Far Western yellow varie- ties and on imports from Chile. Florida and Mexican tomatoes were higher. ‘The active shipping season for Arizona lettuce closed and cash track values were higher there. ‘With Louisiana strawberry movement active, the average of f o.b. auction prices’ dropped to $1.60 per 24-pint crate. Apples were slightly stronger at Western New York points, the bushel tubs og best Baldwins returning $1.10 to $1.15. The egg markets remained steady and unchanged in late April, having shown little variation through the month. Wholesale prices at New York for re- handled receipts, mixed colors, held at 1312 to 14 cents. JAPANESE INTERESTED IN CREDIT AID PLANS By the Assoclated Press. A cable to the Commerce Department says Japanese financial and govern- mental authorities are studying the plan of the Reconstruction Finance Corporation of this country with the view to copying this legislation to re- lieve their own banks of land loans. Both security and commodity prices are continuing downward in Japan, the cable said, with the former moving to- ward the pre-gold embargo period. There is a minimum of speculative pur- chases, and iron, steel and metal prices all are weak. All machinery lines were represented as dull, and the curtail- IN'WEAKER TREND Allfed Mills Aluminum o Am Cit P&L A (a3) Am Cyanamid B.... Am Dept Stores. Am Equities. 3 Am & For Pw war.. Am Gas & El ($1).. 37 Am Hardware (2).. 50s Am Invest B. 1 Am Lt & Tr (2 1 Am Maracafbo.....” 2 Am Superpower... 13 Am Super 15t pf(6) 6 Appalachian Ga: 4 Armstrong Cork. .. 50s Asso Gas & Electric 1 AsS0G&EADG%. 13 Asso Tel Utilities., 1 Atlantic Lobos pf Atlantie Sec Corp Atlas Utilities. Atlas Util pf A Auto Voting Mach. Bliss Co (E W Blue Ridg . Blue Ridge pf (a3). Brazil TL&P (b8% ) Bridgeport Mach. .. Brillo Mg (60c). Buff N&E pf (1.60). Bulova Watch cv p Burco Inc 5 Burco Inc war..... Canadian Marconi. Carnation Co (1%) Cant States Elec. .. Cities Serv (g30c) » 6 Cittes Sve pf (6)... Claude Neon, Inc. . €1 Neon El pr(1.60) Clev El 1ilu pf (6). Comwth Edison (8) 11 Comwlth & Sou war 9 ColG & Ecv pf (5) 10s Cons Gas Balt3.60, 2 Coon (WB)...... Cord Corp. Cosden Oil. Creole Petroleum.. 2 Crown Cent Pete. .. Deere & Co....... Derby Ofl & Refin. . Dow Chemical (2). Draper Corp (2)... 50s East G & Fuel Asso 2 Elec Bond & Share. 112 Elec B&S cm pf(5). Elec B & S pf (6). . Emp G&F cm pf(7) 100s 2° Emp Pow pt (2.24). Elec P & L op war. Europ Elec deb rts. Fire Assn Phila 1.60 Ford Motor Can A. 1 Ford M L. ....... Fox Theaters (A).. General Alloys. ... General Aviation Gn E Lt ret p36 3-5¢ " Gen G&E ev pf B 6. 300s 18 Georgia Pw pf (6).. 100s 641 Glen Alden Coal. .. Globe Unwrit k20c. Goldman Sachs. ... Gotham Knitback. . Gray Tel Pay S(13) 50s 2514 GtA&PTn v 1t6%. 20s 131 GulfOllof Pa.... Horn & Hard (2%). 22 Mumble Oil (2).... 38 Hydro El Secu k10e Hygrade Food. .... I P &L pt (6) 17 Imp Ofl of Can 50c. 4 Ind Terr 11 OI1 A. ., InsCoN Am (2)... Int Petrol (1)..... 20 Int Superpower (1) 4 Int UtilB..... 2 Interstate Eqcvpf. 1 Interst Pw Del pt 7 70s Lone Star G n(60c). 2 Long Island Lt 60c. 2 Louisiana L& Ex.. 10 Mass Util Asso. . 1 Mass Utll cv pf 2% 50s Mexico-Ohio Iil 10 Midl West Utiliti, 2 Mo Kans Pipe L. 8 Moh Hud P 1st pf 7 25s Mont Lt H&T 1%.. 4 Murphy Co (1.60).. 1 Natl Aviation...., 1 Nat Dairy pf A (7). 258 Natl Fuel Gas (1).. 8 Natl Rubber Mch. . Shrt Tr A(80c) uheim Phar pf.. ew Bradford Ol. ew Mex & A Lnd. N Y Steam (2.60).,. Y Telpf (6%). Niles-B-P'nd (80¢). North S Pw pf (7). 50s Outboard Motor B. Pac G&E11st pf 1% Paramount Motors Penroad Corp. . Penn W & Pw (3) Phoenix Secur Corp Pilot Radio Tube A Sale— Stock and Dividend Rate. Add. 08. 5 Secur Allfed (1) . Seeman Bros (3). Segal Lock & Hrd. . 2 Selec Ind al ct(5%) Selec Ind pr (5%).. Shattuck Den Min.. " Shenandoah pf. Sherwin Willlams 4 50, Silica Gelct....... 1 Singer Mfg Co (8). 108 South Penn 011 (1). 1 SouCalEdptB1% 2 SouCalEdpfC1% 2 South Nat Gas..... 10 Sou Pipe Line (2).. 1 Stand Oil Ind (1)., 23 Stuts Motor Car. 1 Stand Ofl Ky (1.60), 1 Stand Silver& Ld.. 6 Sunray Oil. 1 3 1 1 5 2 2 1 1 s Swift & Co (2). Swift Intl (14).. 2 Swiss Am El pf (6) 100s Tastyeas Tech Hughes (60c) Tobacco Prod Del. . Tubize Chatel B. .., < . 5 5 1 United Corp war... 1 Utd Dry Dock 4 F 0 4 3 1 United Gas pf (7). . Unit Lt&Pwr (A).. 1 United L&P pf (6). US Dairy A (6)..,, U S Elec Pwr ww U S Foil Co B(30¢ US Play Card ( 2= INBETTER MARKET 26 2.fi‘ | 22 2 Utilities and Oils Lead Rally 4 as Trend Changes Suddenly. BY JOHN A. CRONE. 9 Special Dispatch to The Star. 15% | NEW YORK, April 26—Breaking out 11% of the narrow and dull trend that 12 |marked the opening, stocks on the | Curb Exchange rallied shortly before 14%¢ 'midday today. *| Public utilities and petroleums made the best showing on the upside, with some of the more inactive miscellaneous 3_ |securities ranging widely chiefly on the & |downside. Electric Bond & Share, 24| American & Foreign Power warrants, 1% Niagara Hudson Power, Southern Cali- 1% |fornia Edison B and Commonwealth 1 | Edison rose fractionally. Standard Oil 1% |of Indiana, South Penn Ofl and Im- 30 | perial Oil were the best gainers in the 3% |olls. Cities Service was a trifle lower. 2113 | St. Regis Paper preferred, which on 20 (& block of 10 shares broke 513; points % (late in Monday's session, was quoted 2% |at 35 bid and 48 offered on a string of 13 | such quotations today, the bid being 15 1 29% Hall Lamp (30c)... 4 21 Hecla Mining....., 1 2% Helena Rubinstein, 10 3 Holling Gold t70c. . 4% Utah P & Lt pt UtlP&Lt.,, Vick Finane (30c), | Walker (H) pt 1 8y | West Tex Ut pf (6). 258 223, | West Cart pf (6)... 255 50% B4 Dividend rates in q quarteriy or*Semilaniar® possed on izt lividend fPartly extra. 1Plus 4%fn Sipayable In cash or stock. b 3 ust e gstment - dividend. 54 | m Plus 3 stock. D Paid Tast’ years Grain Marke; BY the Assoclated Press. { CHICAGO, April 26—Forecats of | heavy frost and freezing tempentures m ll: ‘Western Nebraska andKan- nerall an'hzltA get ly higher prices loday leading unofficial crop e: extremely bullish crop (;‘e’poxrgflur; wheat in Edwards, Pawnee and B:tun Counties, Kansas, and in sectiom of Texas and Oklahoma. A Governpent crop observer, after a 1,300-mile trip | in Western Nebraska, reported ins| ::‘rgetfi l:": t%‘bedor material benefit | a abandonm wl;gymth!:le. ent of acrage eat closed firm, Y- 1 terday’s finish; , Ty ‘3‘&';'3.&'5: | %-% up, and provisions vi rying fran 5 cents decline to a rise of 2 cents. High. s0ts 63 &8 e L o Bihl Bl 281 e B2k PLUMBING REPAIR WORK HAS HELPED INDUSTRY! Special Dispatch to The Star. YORK, April 26—Since the 5 when master plumbers and contractors were so occupied that there scarcely left for the small job, intenance and remodeiing, Beuunr:d of the mmmemg!e b lect, the repair business has A cial survey of the plumbing supply trade.| ‘The market for plumbi ent in old houses excezds bymgls:q‘sxpémpo- tential new construction market for the next d:nllnmml. “d me.g only 16.5 per cent Tural an jomes have flush. toilets, 21.3 per cent have bath- tubs and 33.3 per cent have kitchen sinks. In the cities, 68.3 per cent of homes have bathtubs, 71.3 per cent have wash basins, and 82.2 have flush toilets. costs and reduced price levels on all supplies to complete repairs, in order to be prepared for any early increase in | Readin, Erte points below the final price of the pre- ceding session. Montreal Light, Heat & Power, which was traded in here for the first time since Great Britain sus- pended the gold standard last Septem- ber—trading being suspended on the curb at the request of Canadians— opened at 23':, off 5'%. Ford Motor of Canada A opened up fractionally as Canadian dispatches stated the company had not considered dividend actions Monday and would not do so until June. London cables stat- ing that British motor car output is holding up relatively better than auto- motive production in this country, failed to influence Ford Motor, Ltd., stock. Stutz motors also was dull. * A block of 2,400 shares of Crecle Pe- troleum opened up a shade at 2'y. De- tails are expected soon on the arrange- ment between Standard Oil of New Jer- sey and Standard Oi! of Indiana, through the latter's subsidiary, the Pan-American Petroleum, whereby the former will acquire important foreign oil companies to supply world markets. European Electric Corporation pre- viously had discounted declaration of 7!, cents quarterly on the common shares, or the same rate paid three months ago. Gray Telephone Pay Sta- tion of Hartford made its first rally in nearly a week. International Petroleum softened as cables indicated that Peru seeks to re- gain the right of tax collection on pe- troleum leases. The earning statement of United Gas Corporation, subsidiary of Electric Power & Light, had no ef- fect on the common shares, the profit results long ago having been discounted. Niagara Hudson Power was firm, as its quarterly earning statement showed net holding at virtually the 1931 level and ratio of net income to operating reve- || nues increased. Dow Chemical made a fractional re- |covery. The curb today admitted the new $10 par common shares of Ameri- can Cyanamid A and B stocks and Iatsl’\.lck from the list of the old no-par sues. RAILROAD EARNINGS. NEW_ YORK, Aril 26 (#).—Railroad statement for March appearing today made an uneven showing. Illinois Cen- tral and Reading reported improvement in net operating income, but the figures of some of the Northwestern roads were poor in comparison with a year ago. Systems reporting included the follow- Net Operating Income, 1931 Illinois Central. 30 2 Co. 1932 . 81,470,713 3583510 . 85085 585,130 e 1433.841 este: 696,003 Qreat Nogthern.. ci Texas & Pacific Seaboard Air Line *Deficit S i lected Investments in' d ax low as 100, ‘Real Estate Mortgage Guaran! ity Corp. 1610 K St. Nat. 1403 First Mortgages for Sale 3 Narragansett Ss '57. t P 8 55 '78... the demand for rental property. U. 5. TREASURY CERTIFICATES (Reported by Chas. D. llr:x;’ & Eg)“ 0 EL JAMES F. SHEA 2%s June 1 643 Indiana Ave. N.W, n:atfl. g(boerznenfi production has been reduced by 2 per cent. > The cable gave some encouragement, ?::m:;:fi%i;:ff; however, in that rayon production Was| pup Util Hid x w. . ?nctwe. and gold production was on the crease. Ploneer Gold (12¢) A SanuSrBESesn~RS L anBannnnEntienuanBlanm el isnntenSaRulaneas aSa ) Roo 3%as Aug. 1. Rossia Intl... ;:-l &:: %g. Russek's Fifth Ave. N Dot B St Regis Paper. 24 2% 2% | 3%is Dec. 15 St Regls Pap pf 7 Seaboard Utl (2! Exchange Will Reopen. . Hungary, April 26 (#).— ‘The board of governors g{ the (:?nck exchange decided today to reopen the exchange tomorrow with official quota- tions for one hour daily. CHICAGO STOCK MARKET CHICAGO, April 26 (#).—Followin, JEI Elec 2 5 is the complete official list of transac S| IEomi B s 4 2 ®|tions in stocks on the Chicago Stock Solssons 63 '36, 4Pow Co N K g4 64 | Exchange today: SWRCILT 80 A5 : S LT 8 5s - ot b Sou Pac col 4s'49.. Qnshor 100 Assoc. Tel Util. Sou Pac ref 45" Sa! 100 Born-Bleas .. 150 Binks Mfg MISCELLANEOUS. Barber & Ross, Inc., 6%3s. Gbevy Chase Club §)as. Col. Country Club Bis. STOCKS. PUBLIC UTILITY. American Tel tal Traction Co. NO. 11 of & Series of Reasons why—when selecting a bank—the Columbia National Merits YOUR Comsideration. SAVING IS A HABIT Easily acquired at the Columbia National . . . High. 24 w. Close. 1935, a4 28, Sou Pac 4% R Sou PAOr 4348 AT7 . Sou Ry gn 45'56... Pot. Elec. Power 6% Pot. Elec. Pow. 5%ic% Wash. Rwy. & EL com. Wash. R¥y. & El. pfd. NATIONAL BANK. Capital (14),. Columbia (12} ® Gommercial "(stamped) " (10) District (8) % Fed -Amer. Natl. Bk. & T Liverty (76 incoln (10) 5 e anoltan " tidiz gEs (15). ... Second (9ei.. 150 Cent & So_ West. 30 Cent & So West pi. 600 Chi City & Con Ry pi 40Chi N Sh & M pl P, PARIS BOURSE PRICES. PARIS, April 26 (&) —Three per cent rentes, 76 francs 65 centimes. Five per cent loan, 101 francs 10 centimes. Exchange on London, 92 francs 77% centimes. The dollar was quoted at 25 francs 373 centimes. i pres S Washington Stock Exchange SALES. Potomac Electric 5% pfd—b5 at 102. Washington R¥y. & Electric 45—$1,000 at 8015, $1,000 at 80% Con G NY 4%45'51.. 22 95% 95'a 5% . Washington 'Gas 65 “A"—$1,000 at|ConGNY b5%s’45.. 36 104% 104% 106% | Mo cr s voe saoes 99%4. gonl’wr};flp‘s el 39% 39% 39% | Rome 614852 : 5 = ‘onsumn Pow 58 '52. 101 101 Bid and Asked Prices. Copentiag €38 58, .. 1 21 101 | Royal Dutch s *45. Copenhag 55 '52.... 20 66% 661 | St L&SF 45 A'50.. BONDS. Cuba 6%s"45...... 23 38% 39 |S:LA&SF4%s'TS, PuBLIC UTILITIES. | | Cuba Nor§is 4z, 18" 18 [StL&SF5sB'50.. 1 Amer,_Tel & Tel 41is 39....... 10003 s | Del&Hud ref 4s '43. 7ex ami | 5o on/e8 4 Am. Tel. & Tel. etl. tr. 8 11| Del & Hud 53 5'37... 8915 89 Anacostia & Pot. H.“!L 58.. ;3 Denmark 4% 8 '62. » 585 60 &% 5 SV ... | Denmark 5%s55. . Capital Traction R. R. 5" | D& R Gren 4s'36 City & Suburban 8s.... 9 52 D&RG W bs '55. . Georgetown Gas 1st 5s. X | Det Bai 4 D6 Potomac Elec. Cons. 5% Bdi 48 - 9! Shell Un O11 5847, Potomac Elec. 65 1953..... Deutsche Bk 6552, 2 Shell Un 058'49: Wash., Alex. & Mt, Ver. ct Dodge Bros 68 40, . n 0584 9ww Washington Gas 414s. DuGnests % 8 €1 4 DE15%s 53 Mar., Dutch East I 65'47. Dutch East I 6s'62.. on 4596 of 55°67. Erie ref 55 '75. Flat deb Ts 46 Finland 6%s '56. .. Finland 75 '50. ... Fond J&G 41 2 Fram Ind 7%s 42. French Gov7s'49.. 9 117 116% 1163 French Go T%s'41. 33 120 119% 120 as Gelsenk’hen 65'34.. 5 30 30 30 [StOUNJIGs" GenCable5%s’47. 3 45% 45 4by | Sweden5iss Gen Motors 6s°'37.. 16 100 997% 100 | SWIss5%s’'«s, = Gen P Sv 5%5'39 81% E1%4 | Taiwan E P 53%#T1 Gen St Cas 5%s'49 40 Tenn E1 P 65 A 41 Gen Th Eq 65 '40 4% Tex Corp cv 53 "44.. 29 5 #1 : :"u Gov sntt;- -u! 33% Tex & Pac 58 B'7 $Sund P & L 6 '561; Ger Cent Bk 63 '38. 29% Third Av rf 43 '80. . Super of liin' 412 Ger Cen Bk 63760 J. 23 2 2734 Third Av adj 5s 60, il R T TR Ger Cen Bk 65’600 16 28 27 Tob P,NJ 6% 2032, - raNEE ¥ Yoo Throughout our more than 45 years’ of service, we have helped thousands of individuals to plan and put into effect a practical system of ng, based upon their personal re- sources. A small deposit weekly at our conveniently located bank is never missed, and it assures finan- cial independence and freedom from worries. e German 638 50. ... 2% ol German Rep Ts'49. 45 591, 571 TRUST COMPANY, Ger Cen Bk 75 '50.. 50 2 28% Amer. Sec. & Tr. Co 299 Goodrich 65 ‘45. ... T Tokio EI Lt 6553, o Be e Goodrich 635 '47. 79 bips oy 5 ) ... Goodyr Rub 5857 . 681 OxBIReL ret : 4 100% Wash. Loan & Trust’(14)1 Grand Trunk 7540 9818 9814 Elntdiin i ados SAVINGS BANK. Grt Nor 4345 D'76.. 574 el awt Bank of Bethesda (61). . 3 5 5614 ST Gom. & Savings (10). B ol 52, H Es wton (12) Toho El Pw és Toho El Pw 7: Tokio 545 ‘61, « T T 250 Kellopg Switc] 40Ky Ut Jr cum pf 40 Lindsay Lat 1300 Mewill) Dreg, PRANK J. STRYKER, President & Grt M s . 15 6 Greek 65'68.. 0 1 Hait! 6552, 62 62 : 48 Hud & M adj 58 '57 46% 4615 | U 9 Vi 55,5 50 61 Hud & M rf 58'57.. 7815 78y | Upper Austri " Humble O1168'37.. 15 100 100 100 | Uruguay 6s Humble O 5%s'32.. 1 100% 100% 100% Uruguay 8s'46.... Hungary T%s’4é.. 4 33 33 33 |UtahP&L5s'44.. Util Pw 5559 ww.. 111 Bell Tell 53°56.. 6 102% 1028 102% | Util Pow 53%8°47.. Tl Cent cl tr 45 ‘53 38 38 111 Cent rf 4855 464 461 [ Vanadlum St 55’41, 11l Cent %366 341 357 | Vienna6s52...... Va EI&Pwr 5148 42 11 CCStL&N 4%s.. 34 5 38 39%| Va Ry & Pw 6’34 LLCCSULANEs A... 22 3 39% | Va Ry 15t 58 A *6: 111 Steel db 4% s 40, 12 " “ nd St 4%s B'81 2% 7 Wabash 4148 °'78. ... Int % Wabash 1st 6339, . Un Pac 4%s'67. Unit Drug 6= 5, Utd King §3%s BuSes wan sede 22, SR FEST B B! & WE PAY 30/0 INTEREST Wes Tex Ut 55 A '57 2 Wiscon P&L 5s P '58 3 Wis Pub Ser A 6s '52 FOREIGN BONDS. CONVENIENT HOURS ..Saturdays ill 12 o'clock p.m. on Ist and 2d, 15th, 16th and last day of the month o SE5 B Firemen's (8). National Union TITLE INSURANCE. Columbia (6h)... Real Estate (60} MISCELLANEOUS, Barber & Ross, Inc., com. . oM T de. corp. (6) C. Paper Mfg. pfd Dist. Nati. Sec. nfd Emer. Bromo-Selz. % Federal Storage 1 (81 . Fed.-Am. Co. com, 11201 Fed-Am, 2». phAL. (6). - 0531 E3 shares. ‘BONDS, Int Rap Tr rf 5s Lanston Monotype (6).. Mer. Tr. er. Tr. Mergenthaler Linoty) Nati. Mige. & Inv. pid. (8) Feopies Drus Stores pid, (6 Real Est_ M. & G pfd. (8) Becurity Storage (5§) r. Fef. & Wh Corr L Corp. (). Mech. Mtge. com. (8) .00 d. Blde. Corp. (7). & Lothrop com.’ (1.20) & Lothrop pfd. *Ex. dividend. 5ok closed. Jae exira. 0c ex LSIEBESSNE: 8 Int Rap Tr '66 sta Int Rap Tr 6. Int Rap Tr 7 Int & Gr Nor 6s°52 Int Hydro El 68 '44 Int Match 6841 Int Match §s 47 Int Pap ref 55 A'47. 1{ 8 Ttaly Pub 78"52.05w ) Wabash 51875 Walworth 63 A rn Br Pic Warner Sug 7s '41. Warren Bros 6s ‘41, West E14b 6344, Waest Pac § West Union 58 ‘51. West Union 65 60 West Un 6348 °36. . Wil & Co 1st 6341, Wis CentTm 48 '36. Ygstn S&T bs Xgstn SET 5 B'I0L 3 4 163 6s A 163 a8 _'51 38 o 38 xw.. %ttlm:el J x’ll A"fll 12 S 3 ww—With ‘Warrants xvi;wflhout warrants, A ew. ‘wi—When issued. —e Many tourists visited U: dur- H ’ ruguay 8000 Chi C Rys 8 '27 ctf 38% 37 1000 Chi Ry: . 40 2000 Insull 't 40. 1 e sl 80 Bond sales today— . BALTIMORE STOCKS. Special Dispatch to The Star. BALTIMORE, April 26.— Sales. 10C & P Telephone Balto b