Evening Star Newspaper, May 5, 1932, Page 15

®INANCIAL, By the Associated Press, NEW YORK, May 5.—Stocks, easy¥ ralls resume declime into new low ground. Bonds, irregular; United States Governments strong. Curb, easy: Swift stocks heavy. Foreign exchange, ir- regular; sterling easier. Cotton, steady; trade and New Orleans buying. Sugar, barely steady: poor spot demand. Cof- | fee, steady; European buying; firm spot market. CHICAGO, May 5 (#.—Wheat, steady; duststorms Southwest. Corn, firm; good cash demand. Cattle, firm. Hogs, lower, D. C, THURSDAY, MAY 5, 1932 STOGK SHINDLERS CRB SHARESDROP || N._Y. CURB MARKET AREACAIN ACTE, N QUETNARKET Leaders Decline Narrowly on Light Offerings—Special- ties Irregular. ON NEW YO BONDS STOCK EXCHANG Received by Private Wire Direct to The Star Office. * BONDS ARE HIGHER | - AS SELLING FADES U, S. Government Group Ral- liess—Advances Are Most- |GSisanmais2is 987 971 986 US3%sJ40-3.122 9812 9:2 98 4 ly Fractional. S3%843-47., 58 988 978 982 107 100 R 257 1028 10124 1026 84 105 6 10410 105 BY F. H. RICHARDS Bales, High. Low. Close, Bpecial Dispatch to The Star. Abitibl PAP Es'53. 21 304 29% 29% NEW YORK, May 5—Much of Wed- Ab& St5%s 43 .1‘ i: nesday’s loss in Government issues was, A'leghany Cpss’a4 4 144 % recovered today when the bond market = Alleghany 5s°49 ‘n\’ 0% suddenly became bare of offerings. The Allezhany 555 A 5 31s, after a decline of over 2 points| Am F P 552030 57 Wednesday, rallied nearly that much, Am1GCh5 while the 3s gained a point and the Am Intl3its’4f 3%s rose 113 points. The rest of the Am Metaldlss 34, 1ist was strong, but advances were con- Am Smé&Ref 5547, fined to fractions. | Am Suz Ref Gnl 37. Tt was recognized that the selling had | Am T&T 4345 39 been of a hysterical character and to Am T&T ¢ tros748. some extent for speculative account, | AM T&T d¢b 53189 although obviously banks that hold | 4™ T4 Gch 58 65- large amounts of Government paper A'“ Wat Wks 5834 were disturbed by the day-to-day de- A’"W_‘ WKs 6875 velopment, in Congress and by the re- | 4T 8% T Ly sumption of gold exports. S e In the early part of today's session it i gt looked as though there might be gains |Arsentine 53862, also in the steadily cheapening list of | Argent 65’ 61 May. junior railroad bonds. Initial transac- | Arsentine 6s°59 Ju Ta& Ark 58°69. ... tions in most cases were at slightly | Argenrine 6s ‘59 Oc 3 Lou G & E158 A'52. higher levels than at Wednesday's close, | ATgentine 6s A "57. L& N unt 4340 This situation did not hold, however, | Argentine 6s B 'S8, L & N ref 5%s 2003 a~ in later trading most of the con- | Arm & Co 41ss 39 Lyons 6s°34... spicuous members of this group went |Arm Del5izs 43. VcKes & R 51 back to their previous lows and some | AsSov Ol ‘d‘ Manhat Ry ¢n 4590 Tegistered new minimum prices, Among | Alchinon ad) Marker S1 75 A 40, them were St. Paul Gold 5s, which | A'Cheon ¥% 58 bP: - Marseille 63'34. .. touched 20, and Mobile & Ohio 4 el i 2 Midvale Stl 55 '36. . which broke 21, points to below 9. |AtlCL 1stds 0%, Milan 616552, .. Frisco Prior Lien 4s lost a point and | Atl Gulf&W M ERv & L fs New York Central Refunding 4'5s, | AT, Tefb o8 @ Chicago & Northwestern 434z, Tllinois | AnsiTays 2 57 Central 4%s, Missouri Pacifis 5155 and | zuSiti S oo Scuthern Pacific 415s were all lower. | A7 A o The Baltimore & Ohio group im- | \'coyon 7q %57, .. proved for a time on the approval by < the Interstate Commerce Commission |B & O 1st 4s-48. of the road’s application to issue about $56,000,000 of General and Refunding 6 per cent bonds as collateral for loans now before the Reconstruction Finance Corporation for consideration. Among the higher-grade railroad mort- gages there were declines in thin mar- kets, as 2 points in_Atchison Adjust- ment 4s, & point in Union Pacific Re- *funding 4s and a like amount in Cana- dian Pacific 5s. The feature of the foreign division was the strength in all the Australian « fssues. The government loans ad- vanced 115 to 215 points and New South Wales 55 rose a point. Both were more active than usual. French and British | ~ government loans maintained a strong positicn and there was an advance of 11, points in German Government Ts. less pressure appeared to be exerted against the issues of governments and municipalities in Southeastern Europe, with Warsaw and Vienna loans frac- tionally higher. " SEVEN MAJOR DECLINES NOTED IN BEAR MARKET Special Dispatch to The Star. NEW YORK, May 5—The stock market has suffered seven major de- clines since the bear movement started in the Fall of 1920, Poor’s points out. Taough it might have been expected the latest phase would be distinctly less severe than preceding periods, the service points cut that it was more precipitous than any of those preced- ing except the first, adding itdl].ll’nnst equalled that. “All the other declines b4 & were unlike the seventh,” says the serv- | Can Nat £ "85 Oct dce. “They were the inevitable result | . \orgen 7 of bad business; this last decline Was | an pae b 4s psychological.” . Sale— Add 00. High. 23% Stock and Low.Close | Dividerd Rate. 2% | Lake Shore M (2).. - 1 Leonard Oil....... Libby McNeill & L. Long Island Lt 60c. Louisiana L & Ex.. Mass Util Asso.... Mavis Bottling A. . Mead Johns (13%). Midl West Utilities Mont Lt HET 1% Moody’s Inv SV pf. Natl Aviation. Stock and Bale— Dividend Rate. Add. 08. High AfrInvevpf...... 1 Alexander Indus. 5 Allfed Mills. ... Aluminum of Amer 1008 Alum Co, Am pf(3), 300s Alumn Goods(60c). 27 Am Cap pr pf (5%). Am Cit P&L A (a3). Am Cities P& L B. Am Cyanamid B Am & For P'w war Am Founders...... Am Gas & El ($1) Am Lt &Tr (2%).. Am Maracaibo Am Superpower. Am Super pf (6) P Am Yvett Arkansas Low. Close. 53 583 Sales. High. UNITED STATES. 3 (Sales_are it $1.000.) - Sales. High. Low. Clese. Lib 2158 32-47. 249 100 15 1005 10012 L I8t 4%s32-47 128 101 16 101 10114 | L 4th ¢4 5 33-28 693 102 10 10131 1029 {US3s1951-55. 265 93 92 9228 S 31481946-49302 94 20 9228 94 Int Cement 55 '48 Int & Gt N 58 B 56. Int & Gr Nor 68 '52. Int Hydro El 63 "4, Int Match 5s"41. Int Match 5s°47. Int Mer Mar 6s Int Pap ref 6s A'¢7. Int Pap 68 '55 . Int Ry C A bs . Int Tel&T 434539, It T&T 4%s°52,. Int T &T 58'55.... Italy 7s ‘51 Italy Pub 7s°52.... Japanese G34s°65. . Japanese 648 '54.. Kan C P&L 413361 Kan City Sou Kan City Sou 55'50. Kan City Ter 45'60. Kan G&E 415880, rstadt 64 Kend 5135 48 ww. . Kréug & Toll 5s'59. Laclede Gas 5s 4. Laclede 5%8 € Laclede 5158 D 60. Lake Shore 3348'97 Lautaro Nit 65 '54. Leh Val cn 55 2003. Lig & Myers 58 '51. Lig & Myers 7s '44. Loew's 63 '41...... 1 Lorillard §s ‘51 Lorillard 7s 44 3% | 26 | New York Banks Take Steps to Protect Public Against Frauds. P T * Frommuna~loananty BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, May 5.—Stocks on the Curb Exchange moved lower today, but the decline failed to bring out increased Lo R Bmmnans BY FRANK H. McCONNELL, Assoctated Press Financial Writer. NEW YORK, May 5—Several large New York banks are asking their out- of-town correspondents to keep an alert watch for venders of wildcat securities. Reports received by New York banks with investment affiliates, including Chase National Bank and National City Bank, say salesmen have appeared in a number of communities posing as representatives of these institutions and seeking to get investors to switch their investments. Usually the sales- man suggests that the owner of say 10 shares of American Telephone exchange his stock for 500 shares of some gaudily embossed but practically worthless se- curity. Revival of wildcatting has reached considerable proportions. Correspondent institutions are working closely with the large banks, seeking cases where alleged security salesmen _represent themselves as members of the banks' staffs. Difficulty stands in the way, bankers say, because of the ease with which companies can be incorporated in some States with names similar to those of well known investment organizations. While it by no means follows that a local company with a name similar to Chase or National City may be In- volved in illegal transactions, bankers say in some instances the name is copied merely to facilitate marketing securities of doubtful value. Wildcatting reached its zenith during the bull market. Approximately $1,000,- 000,000 & year, it was estimated at that time, was finding its way into the pockets of vendors of fraudulent securities. Grain. Market atl Investors.... 1 1% Nat] Pw&Lt pf (6) 350s 59% Natl Rubber Mch. . Nelson Herman. Newberry JJ110. offerings. Swift & Co. overshadowed | Arkansas Nt Gs A. ew Bradford Oil, Electric Bond & Share at times in|Ark P&Lpf Sevche Y g e x < & Electric New Jersey Zinc 2. 9 9 |Salesin DOMESTIC BONDS. £ point of activity, but both stocks moved | 4 850 8% & €0 £ 4 N Y Telpf (6%)..1 9 thousands. 1igh. Low. Clos : B Ass0G&EAbi%. 2 > | N H Pw (40 =108 23 Alabsma Pw 4lus lower. Cities Strvice was off a small | As G&Eall ct 1.60. . . xs'l’r’nl_‘ “n‘:: c) 1 Alabarts Pow 58 9 BONDS ON THE CURB MARKET. fraction and so was Standard Oil of | Atlas I'lywood 15 Mmnietm 000 % Indiana. Atlas ”“””{"A / i Atlas Util (3). e a0 RiohD Al ey s i b greatest resistance to the general down- | b/ Sy ward drift. Their relative firmness was | 11148 088 2 oo due to expectations that some further ll’rxz(l TL&P(b8%) agreement will be reached on produc- | p 1ova Watch ev pt tion, and that the terms of the Stand- | g0 pros. ard Oil of New Jersey-Standard 11 of | S Indinna deal, whereby the form:~ will [ Cable Radlo Tv.t-c.. buy foreign properties of Pan-American | (anadian Mareoni. Petroleum, a subsidiary of Indiana e ikaichas Standard, will be made public within il the next few days. Derby Oil preferred rose more than a point, but Pure Oil preferred eased ! after its 3-point rise late Wednesday | Just after the president of Swift International stated that the company had neither bank loans nor other ob- | ligations, selling came into that stock and brought about a point decline. | Mr. Swift estimated the company would | show earnings in the first four months | of this year fully equal to those of 1Alimintim Ltd 5s 8 Amer El Pow 65 A 29 Amer G & E 5 m M 41, 2 Amer Rol! Mill 3s 2 Appalach Gas 6s Appalac Gas 65 B '45 Pow 35 '36 & L 58 '36 FParkeDavis (11.30) Parker Rust P (3). Patterson Sarg (2) Penroad Corp.. Penn W & Pw (3).. Phila Co new (k80¢) Pilot Radio Tube A Pioneer Gold (12¢). Pitney Bowes b4 %. Plymouth Oil k25c. 5 Pratt&Lambert(2). erv (g30c). 3 Pub Util Hd x w ve pf (6). . Pub Ut Hold em pf. BB pf (6) FPure Oil pf (6) . IXI’&L :;f“fi' Radio Prod T pe (6) . i S Col G & E cv pf (5) gesilirradt ey D v Republic Gas Comwih Edison (8) Bt Comwlth & Sou wat 5 Cons Gas Balt 2 60, St Anthony Gold the same 1931 period. . St Regis Paper St. Regis Paper eased as 1931 net| S 3 3 2 St Resis Pap pf 7, . showed an income of $915803, against Seaboard Util (28¢) $4,257,521 in 1930, Although Waitt & Secur Alifed (1)... | Bond A shares softened several ses- Seeman Bros (3) sions 2go on dividend fears, the com- Selec Ind al ct(5 pany declared the usual 50-cent quar- Selec Ind pr (5%).. terly today. E. J. Brach & Sons ordered | Shenandoah Corp.". payments of 10 cents, against 25 cents Shenandoah pt. for the preceding three quarters, prior % Silica Gelet. ... ... to which the stock paid 50 cent quar-| Durant Motors.... ¥ | Singer Mfg Co (8). terly. East Util Asso cv. 215 | South Penn Ol (1), J.J. Newberry was rather active, with- | Eisier Elec Corp. 1% | Sou Cal Ed pf B 134 out much price change. April sales of | Elec Eond & Share. 12 |SouCalEdpfC1% $2,583,681, or a decrease of 4.7 per cent. | Elec B& S pf (6).. 33 | Southland Roy 20c. as reported by H. C. Bohack Co. had ¢ Pwr Asso (1). 4% and Invest em pf no immediate effect on that stock. c Pw Asso A (1) Stand Ok Ind (1).. Parke-Davis was slightly higher. A| L2dptAT. and Oil Ky (1.60). gain of a point in Bulova Watch pre- | arenld pf a8 Stand Ofl Ohfo 2% . evers s rec saggin, Leading specialists ‘said in{ conneo- | lcrte ToVersed. Iis recent sagsing tion with the rally ‘hfl§ corn was be-| “pyblic utility preferred shares were | ginning to attract specu "“‘Pb““"“"“qm-pgum in the early afternoon. Ar- and was now displaying stubbornness. | yancas Power & Light preferred drop- The falling off in corn receipts andpeq 5 points. This was followed by ad- B e e men for mounthe |Light preferred and Cleveiand Electric In the late de nhnzé wheat, rye and preferred and a decline of that amount oats recovered with corn and as a| Bupire Cas & Pusl 87 perferred re Pesiilt of purcnasing for previous spec: | o A2 the higher-priced industrials Great ulative sellers Corn closed firm, | Atlantic & Pacific Tea ‘lost about 4| e ve : {points and Singer Manufacturing gave | o : : time. e giugher and provislons 2 10 5| “Ney Jersey Zine firmed up while New ; mont Mining eased. Although numer- WHEAT— Close. 1 ous gold mining companies reported | 561 | first-quarter earnings and one, Home- 5%+ | stake Mining, increased its divided rate, Z | tradipg in this group remained dul '« | Some mines in this country and Can- |ada were reported booking forward % | orders for gold. " PO ONNA R AN S DA ADA B a e Can 55 A" Il Tel s 1 Can 35 B ' 1 Tel MEK&T 1st 4590, MK & T adj 65 °67. MK & Tex G A 62 Mo Pac gn 75 Mo Deerf Mo Pac 52 F 177 Mo Pac 58 G pa o Mo Pac 55 FU'80 relAD £088. Mo PacI5s’81 I 391 | Mo Pac 54 B : Mobile-Ohlo & B&OSwdv 5850, : Monlle Ol e Bih &Aoo s bl Mor&Co 15t 4155’39 Bank of Chile 6561 N . 5 Bk Chile 6%5'61. . Nassau Elec 4351, Batav Pet ¢%s 42, Nat Dairy 5% =48, Belglum 65 '55. ... ad 61 Belzium 6% s 43, Nat Steel 5 Belgium 785 N Ene T st § | Belztum 7= '56 NOT&MIsA Bell Tel Pa 55 B'48. NOT&MGaB Bell Tell Pa 55 C'60 NOT&MEsTA. Peth St) pm §: 6. Nw S Wales 5s ‘57 Beth St rf 5 \.\\ < Wales is'58 Rolivia 8= 47 Ny Bordeaux £s Bos & Me s " Bos & Me 5s Brazi] 635 '26- Erazil 63s Brazii 8s 41. Bremen 75 °35. BKIyn Ed 58 A 48.. Bklvn Elev %8 Bklyn Man 63 A ‘68 Bklyn Un Gas 58'50 Rudapest R 62 ... Buenos AR 6s 61.. Calif Packing 55'40 Canada 4s 60. ... Canada 45 '36. .. Canada 5%°52. ... Nat Ry 414851 at Ry 41554 Can Nat Ry 41.8'58 Can Nat Ry 414867 Can Nat 43568 .. Can Nat s 69 July Creole Petroleum Crocker Wheeler. ., Deere & Co. . De Forest Radio Derby Ojl & R pf. Cit Serv Gas 'z 35Cit Serv Pow 5las '52 3t 33': 8 Cleve Elec Tilu 85 39 102% 1024 1Cleve SI Iilu 5s A '54 10114 101%4 8 Comwh Sd 4! ‘56 831, 8 8 Comwih Ed 160 88% 86 2 Comwh Ed 4} 37 85 © B4k 23 Comwh Edis 4s F '81 79% 78 4Con G Bal 43%s G ’69 10114 101% 6Con Gas Ut 6%as A '43 543 33% n Gas Utll 6s A '43 27 = 26 m Pow 415 '58 93% ref 5395 By the Associated Press. CHICAGO, May 5—Corn rallied and | scored advances today after tumbling to the lowest price level in a genera- tion. s §Crane Co 55 '40. s Fem pf(7) om pf8) 5 ureka Pipe L (4). derated ( ilm Inspect Ma Fire Assn P'hila 1.60 Florida P & L pf(T) Ford Motor Can A. ord M Ltd Fox Theaters (A) General Alloys. 3 n G&E cv pf B 6. 1008 Gen Theat Eqevpt, 1 Globe Unwrit k20c. 3 Goldman Sachs. . 50 Gorham Ine pf.... 5 Gotham Knitbask. 12 | Unit Le&Pwr (A) .. Tel Pay S(+3) 508 4| United L&P pt (6). At1& P Tea 1612008 7S Elec Pwr ww. . GUA & P Tea pf (7) 10s IP&LL,. .. : Gulf Ollof Fa.... 8 Ut Pwr& Lt B otfs Hall Lamp. .. Utility Equities Heela Minis 2 Util Equities pf 5% 50s Horn & Hard (2%) Venezuela Pete Hudson Bay Min. . Waiker (E) new MP&LDLE).... Walker (H) pt valker Minin Woolwth Ltd ki %e Dividend rates in_doliars QRUT e in,dels g 0 dividen 1Partly extra. 1Plus 4% in stock. a Payable In cash or stock. b Payable in stock. e Adjustment dividend. fPlus 8% in stock. Plus 6% in stock. hPlus 1% in stock Plus 27 in stock. k Plus 10% in stock. m Plus 3% in stock. n Plus 8% in stock o Paid last year—no regular rate. Washington Produce Butter—One-pound prints, 93 score, 23: 92 score, 22; standard, 21; tub, 93 and P&L B (2) Swift &Co (2). 3 Duauiesne Gas 6s '43. Swit Intl (+4). 1 Eds £I Bovion 45 33 1 Syracuse W Mch B. Elec P & L 55 A 3030 Tampa Elec 2.24. .. 3 Ebie El 53 ast. .. . mpire G&R 538 '42 ech Hughes (€0c) P anky Mor 28 .8 iy e s Federal Wat 5%s 'S Trans Lux DL PS. 6 Firestone C M 55 ‘48 1Firestone Tire §s. '42. 7 1 Pisk Rubber 5lus '31. 36 Florida P & L 55 '5d 9 Gatineau Pow 55 '56. 1 Gatineau Pow 6s 41 20 Gatineau Pw 6s B '41 1Gen Bronze 6s '40. 1Gen Mot Acc 5s °36. 1Gen Wat Wk 6s B ‘44 8 Georgla Power 55 '67 15 Gilleite 8 Raz 55 '40. 10 Goeb B 6'as A '35 ww 1Grand Trunk 6':s '36 2 Guardian Inv 5s_'48. TGulf Ofl Pa 5s '37.. 15 Gulf Oil Pa. 5s ‘47 1 Hood Rubber 5 36 3 Hood Rubber 7s °36.. GUIf G 8s A 45 et G G 11 Houst L&P 4'us E l1Hous L & P 55 A '53. 12 Hous L&P 41s D "8 71l Pow & Lt 8s A '53 411l Pow & Lt 8 C '36 91llin P & L 5las B 7Indnap P&L 5s A 13 Insull Utilit_6s B '40 1Int Pw Sec 8'3s 54 B 2Int Pw Sec 612 '35 C 61t Pw Sec 75 E '51 17 Intern Sec Am 55 '47 50 7Intersta_Power 3s '57 15 Interst P 8 41.s '58 F 2 Iowa-Neb L&P 5s '57 5 Io! -Nb L&P 58 B '51 NY Cref 4l NYCrf4ys20 Nycran Gas of Canada.. Un Of1 Asso (1.36). United Corp war. ., United Founders United Gas........ Inited Gas pf (1).. N Y Edison 5s B'44 N Y Edrf 64841, NY ELH&P 5348, . NY NH&H 4 NY NFI&H 4 YNH&T 6548, .. NY O&W rf 4= Y Telon 414839 toie High. Low. J 2! D Diem December CORN— May ... July September 11111 December . OATS— May July September December . RYE— Mav . a Sh Ma 8% i North Am Cn 5< 61 Not Am Fd 55 A R, =63, ‘War Memorial Protested. The plan of Dublin. Irish Free State, | St Ca to erect a National War Memorial after | imP Ol Can re | waiting 13 years to do so, is being! TRESAC BH | opposed. At a recent meeting of thel memo“"” ) | city council of Tullamore a resolution| pn. sy a was received from the Clann na Gaed- |yt ol e o e heal of Dublin, protesting against public| ™~ NGV RE. money being applied for the erection of | Lack Sec (4) the Dublin memorial. The council re- solved that the protest be thrown into the waste basket. Nor Am E Nor Pacds a7 . Nor Pac 55 D 2047, Nor Pacr {82 2047, Nor St Pw 5 A 41, Norway 5'62. .. Norway 514% '65. Norway fis 43 Norway 6544 Norway €8 '52 Orer-Wash 45°61.. Orlent ey 514s'58, Orient Dev 63 '53. . Pac GRE &8 42 Pac T&T 1st 5a Pac T&T rf Pan Am Pet 6 eptomber ... December New York Cotton 10 WHOLESALE PRICE INDEX | IS STEADY DURING WEEK By the Assoclated Press. While wholesale prices during the | week ended April 30 were fairly active, | G SHENASER RN~ SR OaTe RO~ IS IR NATT T ASIINIRYSIAL RAS2BBRRRLYSENS! Length of Decline. NEW YORK, May 5 (Special)— The present stock market decline is approaching & 50-day term. It is the longest since the last liquidating move- ment in 1931, which continued for 44 sessions. In this latest reaction the 1 Koppers G & C 55 '47 4 Kopper G&C_S'as '50 1Kresge 55 43 cf dep 2Lehigh P S 65_2026 1Lone Star Gas 55 '42 2La P & L 35 '57 1McCord Rad 6s 2 Manitoba Pw 5 4 Mazsachu Dead Crocodile Aids Family. Believed to have killed and eaten 4-year-old Betty Doherty of Ingham, New Zealand, a crocodile was used to o Ches Corp 5s°47 C& O zen 435 82, Ch & Oh con 5s ‘39, CB&Qenis CB&Qrfis 71 Special Dispatch to The Star. NEW YORK, May 5—As was the case yesterday, professional operators showed more disposition to cover short | cotton contracts than to increase iheir 223338 iL for the industrial average has declined nearly cent and of the utilities about 35 per | cent. St~ Exchange SALES. Capital Traction Co.—10 at 12. Potomac Electric 6% pfd—5 at 107's. AFTER CALL. Washington Gas 55—81,000 at 100%. “ Washington Gas 6s B—$100 at 102 $100 at 102%. Notice—Beginning Saturday, May 7. | this exchange will be closed on Satur- days during May, June, July, August | and September. Bid and Asked Prices. BONDS. PUBLIC UTILITIES Bid. Asked * Amer. Tel & Tel. 4izs 39... . 100 G Am. Tel & Tel. ctl. ir. 5s. Anacostis & Pot R R’ s Ana. & Pot gnar. &s C. & P. Tel. of Va 55 Capital Traction R_R. s City & Suburban 5s... ... Georgetown Gas st 55 Potomac Elec. Cons. 5%.. Potomac Elec. 6z 195 Washington Washington Gas 4's Waah. Gus Gf, reries A Wash. Gas 6s. series B | Wash! Rwy. & Eiec. 4 Barber & Rox: Chevy Chase Col. Co Wash. Mkt. Cold Storage 55 STOCKS. PUPLIC UTILITY. American Tel & Tel Capital_Tractio Wusn Ows Li K. & W. Stean Fot. Elec. Power 6 Pot. Elec. Pwr 5'a's 0tz 1 Wash. Rwy. & EL 0 Wasa. kwy. & Ei 5) 6 1 & Bst 11 5551, 40 per cent, that of the rails 50 per| s:x Grt West 48'59, C M & StP on 4='80, C M StP&P & ¢ C M & St Padj | Der Edicon rf | Dod=e Bros 65 40.. 1 iquesne 45 = 67, | Dutch Bast 1 6547, | Duteh East 1 6s'62. EXP Chi RI&P rf 4534 ChiR1& P 4las’'52 jcnir : CTH&S! . Chi Un Sta 4165°63 ~hi Un Sta 5s B'63. Chi Un Sta 64862, { cnite 68 60 | chile % Chile 6861 Jan. Chile 68 61 Sept | chie 63 62 Chile Cop db Chin GvtRy SCC & St L 55 D'63 . Clev Term Colomb 68 Colomb 6s 61 Oct.. Colon 011 6528 . . Colo & Sou 414535 61. 51, B'78. i Jan * | Col Gas&E Com Inves 5 dres | Con G NY 4%s 61, Con G NY 5%s'45. Consum Pow §is Con Pwr Jup 614 Copenhag & Cuba 5%s Sus Cuba R R 1st 58 ‘62 ba RR rf 78" D61, 43 ai 4 Asked | Firfe con 4596, (stamped) (10 & Tr. @) B uas BEESESaEEEY 275 130 30 1 Union (i8) 14 TITLE INSURANCE. (8h tate (6h) MISCELLANEOUS. Barber & Ross, Inc. com Col_Med cal Bids. Corp. D C Paper Mfg. pid Natl. Sec. ofd Bromo-Selr, “A” (2) i Storege ptd. "(8) i:d Am. Co. com. (1.301) d -Am’ Co. pd. (8 anston Mosgtype 16/ ceurity Stors ‘er. Ref. & Wh Corp. The Carpel Corp. (2) ‘W. Mech. Mige. com. (8) . Wash Med. Bide. Corp. (7).... Wdwd. & Lothrop com. (1.20) ‘Wdwd. & Lothrop pid. (7). Ex. dividend. 2% »l ks closed. ¥2'3% extra. extra. 3% extra. s WA extra, extra. J‘ extra. Ger Cent { Gar . Erieref 5s'67... Erie ref 55 Finland 5%s | Finlana 654 | Finland 635 5 Finland 78'50. ..., Fram Ind T3gs 42, | French Gov 4 French Go 71z 41, Bk 63 Bk 6u 60 J r Cen Bk 68°60 O rman 64 et German Rep 78749, Goodrich 6s 4 Goodrich 6143 Goodyr Rub 58’57 Grand Trunk 6336 Grand Trunk 7 Grt Nor 5348 B'52. Grt Nor gn 783 Haftf 65" Hay Elec Hudson Coal 5862 Hud & Mad) 6857, Hud & M rf 567 Humble O11 6337, fumble O | Hungery %844, . 11 Rell Tell 58 | 1M Centeltr4 111 Cent f 48 101 Cent 4% s 111 Cent 6% 5 ‘36 111 CCStL&N GsA.. 111 Steel db 4% 40. Inland St 4% s A'78 63850 ki o 59 e 51, 5 29 a4y 5% 99l %22, 100% Int Rap Tr 6s'32... Int Rap Tr78'32... Paramonnt Param-Puh 518 50 Paris-Lv M fis " Paris-1.v M 7 : 2908 Paris-Or 51.= 68 Penn sta 4= ‘18 Penn rn 4. 'f Penn 4148 D7 Penn 4% < ‘63 Penn 5= '64 Penn ren 568 Penn 614s 26, . . Venn PRT 416% 81, Peon Gas ref e'd7. Tere Mara 43 Pere M 1<t 5856 Peri 6360 . Peru 6= 61, Phila Co 5567 . Phila Elec 4571, Phila & Read 6 Philinpine R 48 g Phillin Pet 5% =39 illsh M 6= 42 Poland 6540 i . FaavanoadZunonxrnanitnno=d anm 2 v ks e - N U Por R Am T s 42 Pos Tel & C 5553, Prussia 68 °52. .. Publiec Sery Puh Sv G 414567, Pub Sv G 4128°70.. Pure Ol 5348 °27 Pure 011 5125 '40 Queensland 78 "41. . Pem Arms 6 A 37, Thine West 63 Rhine W, Rhine W 6s { Rich Oi1 Cal & i de Ta P Gir Do R Gr Do Rin Gr W eit 45 '49. RIArE L 4% 34, | Rome 6152, Royal Dutch 4s'45. 9 StL IM R&G 4533, St L&SF 45 A 50.. 44 S:T & ST 4%e'T8, 148 | 8t L&SF 58 B 50 StLSWends 32, St L. SW 1st 58 '52. Sao Pau 7s ‘40, . Saxon I’ W 6138'51. xon 7845, ..... hd AL 6= A 45, Sarhs-Cr- hell Un ( SO N J 5848 S1OUN Y 4% 81, Tatwan F: P 514871 Tenn 1 P 63 A 4. Tex Corp cv b8 Third Av I8t Third Av adj bs 60 Tob T Tuho f | Tokio w T eb 3 1 e Lt 68 ‘53 1. ref 58'33. 'n Pacrf 4s Un Pac 4 14867, Unit Drug 68 ‘53 31.. 98 45 274 UnStW B8% UAStWe%RsASl. T 15% lines, and after an early dip the cot- ton market rallied $1 a bale today and closed 3 to 5 points higher than on Wednesday. With news generally against the market. shorts were dis- pozed to take in obligations, while con tracts are still plentiful and prices low. Spots were advanced 5 points to 5.70. Cotton range: Close. 546 568 5.91-92 ih. Low. 7 s 340 580 543 July B 3m 58 ol S 392 608 £03 614 618 630 Tobacco Stocks. NEW YORK, May 5 (Sp>cial).—An- other group of stocks, which had been regarded as “deoression proof,” is be- | ginning to feel the effect of liquidation by holders who are protecting losses in other securities. Of late the tobacco stocks have been under pressure. While offerings in them have been moderate, the decline has been substantial. Amer- jcan Tobacco common is among those that have dropped to a new low price this week and is selling close to a 10 per cent income basis, considering the cash amount paid alone. Reynolds To- bacco is also at the lowes the year. The same is true of Liggett & Myers. Production by all of the companies has been decreasing in the past six months. . Ireland to Have Fleet. Even if the oft-mentioned Irish navy is still a dream, people of the Irish Free State are rejoicing over the ex- pectation that shortly they may spoak of the “Irish fleet.” It will be a fishing fleet for protection and promotion of the fishing industry. Patrol boats under government jurisdiction will watch fishing season. There also will be an increased fleet of fishing trawlers con- trolied by the fishermen’s association. Women Must Curb Speeches. To keep women from talking too much at the National Conference of Socialist Women at Brighton, England, in June, a schedule of the length of speeches has been prepared. At the opening of the conference it will be moved that speeches be limited as fol- lows: For movers of reports, 10 min- | utes; other speakers, three minutes movers of resolutions or reference back, five minutes: seconders and other speakers, three minutes. All other speakers, five minutes. Sales High €8 27 27 221 23 51 Low. Close. Truguay 6s'60. 2613 27 Uruguay 65 '64. 4 Util Pw 5869 ww.. Utll Pow %847, Vienna 8s 62. Va EI&Pwr 5148 ‘42 Va Ry & Pw 583 Va Ry 1st 58 A '62. Wahash 2d 6s°39.. bash 618 76 worth 68 A '45. aBunBane aunh oa rren Bros 8s'41. Warsaw 78 '58. .. West Sh 1st 48 2361 West ElAb b8 44. West Md 45 A § West Md 54877, 28 West Pac 65 '46... 9 West Un col tr 55’38 1 West Unfon 58 '51. 37 West Union 55 '60. 118 West Un 63453 9 WEOG%s 37T ww. 16 Wh Sew Mch 6: 5 Wil& Co 1st 8s'¢1. 10 ~ Ygstn S&T 68 A’ 4 . Ygstn S&T s B'10, \§ for fishing vessels from other| countries which invade fresh waters in! raise money victim's family. The “croc” was 12 feet 6 inches long and after the tot's death was captured in a snare. The beast put up such a fierce battle that the trappers shot it { to prevent its escape. It was then taken by rail to Halifax, where # was exhib- ited, the funds raised being presented to the Doherty family. Annual Handba’ Game Played. From 2 o'clock in the afternoon un- hanba’ game was played in the stroets of Jedburgh, Scotland. The opposing teams of “Upples” and “Downies,” each side having hundreds of players, bat- tled in main and side streets, and even |in private gardens. All stores of Jed- ourgh closed during the game, partly as a holiday gesture, and partly to pro- tect show windows. ———— CHICAGO STOCK MARKET By the Associated Press CHICAGO, May 5.—Following is the complete official list of transactions in stocks on the Chicago Stock Exchange today: Close 1% High. Low STOCKS. 114 10t 000 Rendix A - 900 BIES M1 1700 Bors- warner 80 Bors-war ot 50 Brach & 50 Broce (& T 136 Bulf ‘Brot 100 Canal Copstr .. 4 3800 Citins ¢ 100 Clib_ Alux 50 Colemen Lamp & | 1000 Comw t 30 Elec Househoid ¢ 30 Emp G & F 6'35 pf 150 Gioldblatt 5 Lakes Dredse . shy-Grunow 430 Houd_Her B 350 Insull Uit 350 Insull U pf 50 Iron Firems 50 Jeflerson Elec 10 Ky Ut Jr cum b 18400 Libby-MeNeill 100 Lindsay Nunn pf 100 Material S onroe Chem 20 Monroe Chem 200 Nat Sec 100 Not Am 50 Nor Am L 50 Perfect 160 Quaker Oats 100 Raytheon vie 150 Reliance Intl 50 So Union Gas 100 Standard Dredge 33600 Swift & Co... 33400 Switt Totl 50 United Amer titii | 30U'S Rad & Tel 50 Util & Rad... 100 Vortex Cup . :lllll 530 Vortex Cup “A".11 450 Walgreen aen 50 Wieboldt S 150 Wil Oul-O-Matic . 450 Wis Bankshrs Stock nales today, 130,000 s the net result of the weighted price movements as measured by the price index of the National Fertilizer Asso- ciaticn showed no change. Based on 476 individual quotations, representinz 1926-28 prices as 100, it now stands at 61.9, as compared with 61.6 a month ago and with 723 a year ago. ‘Three of the fourteén main groups comprising the index advanced during the week and four declined. The ad- vances were in the groups of foods, fuel, including petroleum and its prod- til darkness stopped play, the annualiycts, and fertilizer materials. The de- clines were in grains, feeds and live stocks, textiles, fats and oils and mis- cellaneous commodities. The largest gain was in the fuel group, while the | greatest loss was shown in the group of grains, feeds and live stock. With the exception of these two groups, none of the others advanced or declined as much as 1 per cent. Thirteen commodities showed price gains during the week, whife thirty- three recorded losses, with a number of the advances being in heavily weighted items. These included ad- vances in petroleum, gasoline, rubber, tin, eggs, sugar, potatoes, apples, but- ter and ammonium sulphate. Impor- tant commodities that lost were prac- all grains, cattle, hogs, silver, coffee, leather, lard, cotton, wool and hides. CHICAGO LIVE STOCK MARKET CHICAGO, May 5 (#) (United States Department of Agrciulture) —Hogs 24,000, including 8,000 direct; 5ald lower: light lights steady: 170-210 pounds, 3.65a3.80; top, 3.8 pounds, 3.50a3.70; 260-340 pound: 3.50; 140-160 pounds, 3.50a3.70; 3.00a3.25; packing sows, 2.85a3.10; light light, good and choice, 140-160 pounds, 3.5¢ 70: light weight, 160-200 pounds, 355a380; medium weight, 200-250 pounds, 345a3.80; heavy weight, 250- 350 pounds, 3.2023.55; packing sows medium and good, 275-500 pounds 2.75a3.15; pigs, good and choice, 100- 130 pounds, 3.00a3.50. Cattle, 6,000; calves, 2,50 and yearhngs more active at fed steers firm bulls steady; vealers strong: 7.25 top on long yearlings and medium-welght steers; slaughter cattle and vealers, steers, good and choice, 600-900 pounds 6.00a7.50; 900-1,100 pounds, 6.25a7.50; 1,100-1,300 pounds. 6.25a7.75: 1,300~ 1,500 pounds, 6.25a7.75; common and medium, 600-1,300 pounds, 4.5086.25 good and choice, | cows, good and cheice. 3.50 common and medium, 2.50a3.50; low cutter and cutter, 1. 2.50; bulls (yearlings e: (beef), 3.00a4.25; cutter to medium. 2.5023.10; vealers (milk fed), good and choice, 5.25a6.50; medium, ' 4.5085.25: cull and common, 3.00a4.50; stocker and feeder cattle, steers, good and choice, 500-1,050 pounds, 5.00a6.00; common and medium, 3.75a5.00. Sheep—10,000 head; few sales to outsiders stea with yesterday's ad- vance; desirable Spring lambs. 7.2/~ choice old crop wool lambs, bid i slaughter sheep and lambs. Spri lambs, good and choice, 7.50a 3.25; medium, 6.75a7.50; common, 6 00a 6.75; lambs, 90 pounds down, good and choice, 6.00a6.75; medium, 5.25a6.00; BONDS. 1000 Chi ity Rys 55 ‘27 3814 §000 Chi Cy Ry 5s '27 ctfs 373 49000 Tnsull Uil s "40 [ Bond sales today. $36.000 Special Dispatch to The Star. BALTIMORE, May 5.— Sales. 355 Arundel _Corporation........ 8C & P Telepnone Baito pid 91-100 pounds, medium to choice, 5.00a 6.65; all weights, common, 3.505.00; ewes, 90-150 pounds, medium to choice, 1.00a2 25; all weights, cull and common, 50a1.50. Baltimore Port Arrivals. BALTIMORE, May 5 (Special).—The Maritime Exchange reports 219 arrivals at this port last month, 1 less than in 75 Consolidated Gas c i 10 Consolidated Gas 6. 138 Harylend Grsunity. aryland Casumity 38 Norchetn cent R R co 108 New Amsterdam Cas Co. 440U 8 Fidelty & GUATALWarnee~ 3% March and 20 less than in April, 1931. The United States led with 153. For the first four months of 1932 898 ves- sels arrived, less than for the cor- responding of 1931, prices: butcher she stock dull, steady: | cluded), good and choice | | score, 22; 92 score, 21; standards, 20. | Eggs—Hennery, 12al3; current re- ceipts, 11al2. Poultry, alive—Old toms, 12; young toms, 15; hens, 20a23; Spring broilers, 3 pounds and over, 24a25; Leghorn | broilers, 20; Winter chickens, 18a20; stags, 12; hens, large, 15a16; medium, 15,16; Leghorn, Spring broilers, 3 pounds 30a32; small, 20a23; slips, 18; roosters, 10; keats, young, 45a50; old 25a30. Poultry, dressed—Turkeys, old toms, | 15; young toms. 18; hens, 26a29; crooked | breasts, 20; Spring broilers, 3 pounds | and over, 27a28; Leghorn, broilers, | 23a24; Winter chickens, 21a23; stags, 15; roosters,. 12; hens, large, 18al9; | hens, medium, 18a19; Leghorn hens, 16 al7; capons, large, 33a35; small, 23a | 26: stips, 21 roosters, 13; keats, young, 60a70; old, 30,40. Meats—Beef, prime, 14: good, 12; lamb, top, 15; good, 14; veal, to%. 12; good, 11; pork loins, 11a12; fresh hams, smoked hams. 16; strip bacon, 16; , 7, compound, 6. Live stock—Hogs, light and medium, 3.70a3.90; heavy, 3.00a3.60; pigs, 3.2 3.90; roughs, 1.75a2.75; calves, 3.00a5.00; lambs, 5.00a8.00. Fruits—Strawberries, 250a4.50; termelcns, 1.00a1.25; wa- 1.00; apples, bushel basket, cherrie: California, 2.50a 450; Dbox stock, 2.00a2.25; oranges, Florida, 3.50a4.50; California, 2.75a 3.00; alligator pears, 3.00a3.50; pine- apples, 2.50a3.00; grapes, Almeria, | 1.75a2.00; bananas, 1.75a2.25; lemol 4.00a4.50; honeydews, Chile, 2.5 limes per 100, 2.00; rhubarb, home- grown, per dozen, 40a60; grapefruit, 2.50 23.50. Vegetables — Potatoes, Maine, 100~ pound sacks, 1.35; New York, 1.25; new Florida, per barrel, 8.0028.50; Idaho Bakers, 100-pound sacks, 2.50; carrots, Texas, 3.50a4.00; beets, 2.25a3.0( | spinach, 1.00; kale, 35a40; lettuce, Iceberg, 3.25a3.50; peas, 1.50a2.00; | string _beans, 3.5085.00; wax beans, 3.00a350; broccoli, 3.50a3.75; cabbage, new, 1.25; turnips, 50; egsplant, 3.00a lima beans, 4.00a5.00; peppers, 4.00a4.50; cucumbers, per dozen, 75a 1 mushrooms, 1.00a1.25; asparagus, | 1.00a3.50; tomatoes, lugs, 3.00; 3-pan containers, 1.75a2.00. Investment Trusts. NEW YORK, May § (Special) —Two of the prominent General Manage- ment Investment their dividends this week, mainly on account of the loss in income from stocks in their portfolios that have re- duced and omitted their payments. It is understood that heavy pu of the debenture bonds of a third trust have been taking place for some time, with about $15,000000 of such bonds bought in and canceled for the ac- count of this one group. This action is significant in 'w of the fact that the depreciation in the assets of the trusts has brought the proportion of such assets to bonds outstanding below the percentage fixed in the indenture. Bo;n; Interest Omitted. NEW YORK, May 5 (#).—May 1 in terest on several foreign bonds was omitted, it was disclosed here. ‘The defaulting issues included the Greek government 40-year 7 per cent secured sinking fund gold bonds, due 1964; International Match Corp. 20- year 5 per cent sinking fund gold de- bentures of 1947: City of Montevideo Southern Boulevard Loan External 6 per cent gold bonds, Erie “A," due 1959, and Hungarian Land Mortgage Insti- tute 7!> per cent sinking fund lan 6 Mid W 5 1 Mid West Ut 5s '34 cv 1 Miss Riv Fl 65 ¢4 ww 6 Miss River FI xw '44 1Miss River Pw 35 '51 2Mont L H&P 5s A '51 3 Montr L & P 55 B 10 5 Narragansett 55 87 INnt P & L 6s A 2076 R Nat P & T, B 2030 3 Nat P 8 5 '78. . 1 Nevada Calif 55 '56. . 4 New Eng G&E 55 '47. New Ene G&E 55 '48. New Enc G&E 55 150 3N Y Fo In 5%s € No Con Ut 5'u: b 3 No Ohio P&L Nor Stat Pow Ohto Pow 5s 7 Ohio Pb Ser 4 Pacific G&E gsm‘ ((:: & E 4t ac G & Bl 16 Pacific G & 2 Pac Inves 55 A * 2 Pacific Po & L 6 Pac Wes Oll 6'%: Penn O Ed 525 B Penn W&P 4'cs Phila Elec ledmo El % P A & P Ogh anh roct & 8 No Iil FRERTI 0o S b o mala 2 9300700V 380 Calif Oas 4135 2 South Cal Gas 35 ' 8Southern N G s ‘44 Trusts have passed! mortgage gold dollar bonds, series New-laid eggs _were sold recently at Karbes, on the Franco-Spanish border, for 1 eent each. 4 Sothw P&L 65 A 2022 1Staley Mfi 65 '42 3 Stand G&E cv 65 '35 13 8tand Gas&E 65 81.. 105tand Gas&E 65 '66. 8Stand Inv 55 '37_xw 10 Stand Inv_5iis '39.. § Standard P&L 6s '57 1Super of Ili 4lzs '68 18uper of Illi 41is '70 8 Swift Co 55 '40 Wi... 188wift Co bs '44.... " 7Texas Elec 35 ‘60 wi 1Texas Gas Ut 6s_'45 3 Texas P & L 55 18 Ulen & Co s 44 Ut 5s A Pub Ser A 6s 203 TS 22w a SRS 52 gumisgasey 313 1 <4 50 48y, 60 60 45 613, 80, 8814 9% 2% PR TS FOREIGN BONDS, 2 Baden Con Mn 7s '51 8Buen Alr Proy s 3 Buen Air Pr 7is 22 Cent Bk G 15 Cent Bk Co Bk 5% 1Danish_Con Slas 10 Eirop Mg 15 © "6 1 Pinid Ind Bk s - Ger Cons Mun 6 1Ger Con Myn 75 47 3Hun 1B 7135 AC 163 3 Iaarco Hyd 5 46 Ttal Sup Pow 65 A T Melbourne - 7'58 - 4 Mendoza Pr 7% 1 Parana Brasil 10 Prussia_Elec 65 3 Ruhr Hous_64g 2 Jear Basin Con s 5Sayon Pub Wk bs 3 Stibnes 1s 38 xw 5 Stinnes 75 46 xw s 5 huu wi—W 204 3 & 3 Company “Out of Red.” NEW YORK, May 5 (#)—Axtel J. Byles, clated FENGE I3 Rt e e v - resident of Tide Water Asso- 1 Co., told the stockholders at their annual meeting today, that the company would be “out of the red” in its first quarter of this egm Earnings 500D, figures will be ‘The stockhol ublish approved a reduc- tion in the stated value of the no-par sheet to o common stock in the balance $10 a ghare from §15,