Evening Star Newspaper, April 1, 1933, Page 13

STAR, WASHINGTON FINANCIAL \EGETABLE PRICES SLIGHTLY WEAKER Increase in Supplies Results in Less Firmer Price Levels. D, C CURB SHARES SAG INFINAL DEALINGS Slight Rally After Opening Is Followed by Down- trend. SATURDAY, APRIL N. Y. CURB MARKET - ] l Received by Private Wire Direct to The Star Office. ¥ A_13 NEW ADVERTISING OPPORTUNITY SEEN Change in Methods and Greater Skill Required, Expert Declares. FINANCIAL ON NE ' GEAMNBINDLIT |[BONDS s2uct ke LS S ey Missouri Pacific Issues Also Stock and Sale— Dividend Rate. Add 00. High. Low. Close. Air Inv Inc vte R W . Stock and UNITED STATES. Dividend Rate. (Seles aregn $1.000.) High. Low. Lib2%s32-47... 10024 10022 Lib 1st43s 32-47. 10128 10126 Lib 4th 4145 33-38 101 24 10120 ‘ljg:sfl»ss.. . 9620 9618 S3%s46-49.... 9810 986 Lake S US3%sM41-43. 10025 10018 ,‘,.,If \~1k|‘:.r" ,:‘ 1‘1‘ Recover-—Treasury Group US3%sJ 40-43.. 100 27 10016 2 & My, Csz&:flt‘:'fl.. 100 55 10020 }j;"& A‘:fi‘;’:g R i Fi Continues Firm. US3%s46-56... 10220 10220 - 10418 10412 7 23 BY CHARLES F. SPEARE. ey e Sales. High. Low. Close. Kan City Sou 3s'50. 1 53% 5: 53% Kan City Sou 55’ 11 Kan City Ter r B Karstadt 6s'43.... 21 Kresge Found 6s'36 5 Lack St158A'50... 2 Sale— Add 00. High. Low. Close. Lake Shore M (2) 7 N n 1 1 1 5% 5% 5% 5w 5% 5% 8 14 2% 2% 2% % 1% 1% 6 6 6 29 261 Afr Invev pf 1 6 6 | Lefcourt Realty Allied Mills,...... 2 Alum Co America.. 50s Am Beverage. ..... Am Cynamid (B).. Am Founders. .. AmGas & El (31).. ‘Am Maracaibo Am Superpower. Anchor Post Fence. Ark Nat Gas (A)... Asso Gas&Elec (A) Atlas Utilities 1 2 3 3 | LehighCoal&N 400 2 41% 41% | Lone Star G béde... 8% | Mavis Bottling A... 9 5 | Mountain Prod 80c, 3 1 | Nat Bella Hess.... & Nat Screen Serv. % | New Eng Pwr pf(6) 9 New Jersey Zinc 2.. 2 N Y Shipbldg (10c) 1 McKes & R 5%'50. 4 Recent price gains in the fruit and BY JOHN A. CRONE. | NiaxEuEper 1) | Spectal Dispateh to The Star. Bpecial Dispatch fe The Star. Low. Close NEW YORK, April 1.—The most in- teresting moves in the bond market to- day were a sharp rally in all German dollar loans and the recovery in issues of the Missouri-Pacific Railroad and those of its affiliated companies. The rcbound in German loans was hearly as great as Friday's relapse in them. The government 514s opened 21a ints higher and later the 7s showed a -point gain. Elsewhere there were even more advances. For instance, the Agricultural Bank 6s rose from 3 to 6 points and Rhinc-Westphalia Electric 6s gained 3 to 4 points. United Steel ‘Works 61:5 were up 31 points and Prussian 6s rose 2 points. All of this was in response to numerous cables swhich came from Ggrmany today min- Abitibl P&P 5s " Adams Exp 4s 48 Alleghany 5544 Alleghany Alleghany 5! Allis-Chalm 5s Am F P 55 2030. Am Sm&Ref 5847, Am T&T c tr 5546, Am T&T deb 5s'60. Am T&T deb 55 '65. PAm T&T 53543, Am W W &E 6575 Argentine 5%s Argent 6s'61 May . Argentine 6s ‘59 Ju Argentine 6s '59 Oc b imizing the effect of the attacks on the | Arzentine 65 A Jews. mews is out that securities involved in jt recover, having discounted in advance what has been pending. This occurred in the Missouri Pacific bonds today. The refunding 5s rose from 1 to 21: points. There was a gain of over 6 points in St. Louis, Iron Moun- tain River & Gulf 4s, which mature on May 1. Alleghany Corporation deben- ture 5s, which sold at 5 yesterday, rose | today | 3 points, with interest due promptly paid on this issue. Elsewnere in the domestic list the showing was not so satisfactory. North- ern Pacific 4s declined 2 points and Great Northern 5'2s were off 3 points. Chicago & Northwestern 5s, due this year, also deciined 3 points. Erie Re- funding 5s lost a point. Fractional Josses occurred in issues of the Rock Island, St. Paul, Chesapeake Corpora- tion and Southern Railway. A substantial block of Western Union M13s was offered down several points to a level 62 points under the last revious sale. The 5 per cent bonds, ver, were firmer, New York Traction Co. bonds were Bteady in spite of the technical default anticipated on the semi-annual in- terest due on Manhattan Railway 4s. The changes in Treasury issues were slight, but with the list showing a good tone. A late development of the mar- ket was unusual activity in Argentine Government 6s, which advanced 2!, to 3 points. BANK CLEARINGS SHOW DECLINE DURING WEEK By the Asgociaied Piess. NEW YORK, April"%~3ank clear- Ings continue somewhat restricted in fmbunt. The total for this week for all leading cities in the United States, @s shown by the records of Dun & Bradstreet, Inc, of $3,704,839,000 was 6.7 per cent under that of a year ago. At New York City clearings are $2,667, 234,000, a reduction of only 0.2 per cent, while the total for centers out- side of New York of $1,037,605,000 is 20.1 per cent smaller. The losses outside of New York City are mainly at the larger centers, among these Chicago and Detroit, the latter now reporting for a part of the week Jor the first time since the bank holiday. At many points, particularly at the South and Pacific Coast points, the losses again are small. At some cities there is an increase in the amount of cl s this week, Minneapolis and Louisville being included in the number. It is customary for bank clearings in the final week of the month to show - some reduction, and for this week the total is $980,648,000 below that of the previous week. A year ago the decline ‘was $729,025,000. ‘The report for leading centers show- ing increases and decreases, as com- pared with those of last year, is printed herewith; also average daily bank clear- dngs since October: aha . Minneapol Richmona Atlanta Louisville Dallas . Ban Pran Portland Beattle. . 20.1 02! Total . New York " Total all . PARIS BOURSE PRICES. PARIS, April 1 (£ —Three per cent Fentes, unquoted; 4’. per cent rentes, | Con o B5 francs, 25 centimes. Exchange on London, 87.12. The dol- jar .was quoted at 25.44! | DIVIDENDS ANNOUNCED NEW YORK, April 1 (#).— Reduced. Hldrs. of Pe- Pay- Rate. riod 3 Company. it Nat B&T Co e ..20¢ Q Apr. Tt frequently happens when the bad | ATSCRtine 6s B3 Arm & Co 43539, Arm Del 5%5'43. .. Atchison gn 4595, Atchison 4145 AtIC L 1st 4 AUCL col 4s Atl Ref b 5s '37 Australia 4145 '56 Australia 5s ‘55. Australia 5557, Austrian 7343, Austrian 7s 57, B&O4%s'33... Belgium 7s " Belgium 7s '56 Bell Tel Pa 5s B'48. Bell Tel Pa 55 C'60. Berlin Cy El 6555 Berlin 6345 '50 BerlinCEl 6% . Berlin C El 63559, Bolivia 7s'69. .. Brazil 6148 '26-" Brazil 6%s Brazil CR 7s'52 Brazil 8s '41. Bremen 7s 3. Bklyn Ed 5s A *49 Bklyn Man 6s A '68 Bklyn UnGas 5s'45. Bklyn Un Gas 55'50 Budapest 65 "6 Buenos AR 6s'6 BR & Pitts 4%s '57 Bush Ter con 5s'55. Bush T Bldg 5s'60 Canada 4s'60 Canada 4%s '36. Canada 5s ‘52 Can Nat Ry 414851 Can Nat Ry 436554 Can Nat Ry 434556 Can Nat Ry 438’57 Can Nat Ry 435’68 Can Nat Ry 4%s'55 Can Nat 55 '69 July Can Nat 55’69 Oct. Can Nor 4%s '35. ., Can Nor deb 7s *40. Can Pac 5544 ctfs. Can Pac 5s '54. Car Clin & O 58’3 Car Clin & O 6s Cent Ga cn 55 '45. .. Cent Pac 15t 45 '49. Cent Pac 5s 60.... Cert-td db 5% '43. Ches Corp 55 '47.... C&O4%sA93. C&O04%sB"S C&Oconss'39.... CB&Q Il 45'49. ... Chi & Est 111 5551, Chi Grt West 45’59, Chi Ind&L gn 55'66 Chi Ind&L gn 65'66 Chi M&StP 4%s E. C M&StP 1% C M StP&P 55 '75. . CM&StP ad 55 2000 Chi & NW gn 4s'87. Chi&NW 4%sC'37.. Chi & NW 4%s'49. Chi&NW rf 55 2037 Chi & NW 63%s '36. Chi Rwys 55°27... Chi RI&P rf 45°34. ChiR1&P 434552 Chi RI43%s60.... CTH&SE 1st 55'60. Childs deb 55 43. .. Chile 65’60 Chile 6s'61 Chile 6561 Jan. Chile 6561 Sept. Chile 65 '62 Chile 65 '63 Chile 7s'42 Chile Cop db 55 '47. Chile Mtg Bk 6s'61 Cin Un Trm 55 2020 D'63. Cologne 6%s '50. .. Colomb 6s ’61 Jan.. Colomb 6s°61 Oct. . Col G&E 5s '52 May Col Gas & E 58 '61.. Com Inves53%s ‘49, Con G NY « Copenhag Cuba 5% Cuba Nor 5%s'42 Del&Hud ref 4s'43. Denmark 4%s "6 Denmark 5%s°55.. D & R Grcn 4s°36.. D&RG W 55'78.. Det Edison rf 55’49 Det Edison 5 . Dodge Bros 65 '40. . Sales. High. 4 11 Am Wat Wks 5s'34. 1% 11 55 2815 83 11% b5 28% 21% 8Y 6814 10 10.1\& 101% 101% 43 98% 41 98% 98 12 108% 103% 4 80 6 15 11 41 16 SHNo®a MHEEARRLL - @ mEmnanserrasS O n® 7 82% 82 10 101% 101 21 90 90 B 3 T 24 24 24 1 13% 1 68 13% 98% 981 984 103% 80 5 s 2 101% 101% 101% 2 9 16 5 9315 931 o716 9314 3 Market St 7s A '40. 120 4 Marseille 65 Mo Pac rf 5 Mo Pac 55 F Mo Pac 58 1'81. Mo Pac 535 A Mont T 1s J Power 65'60 O T & M 55 B" OT&MS5 N Y Centdb 4s NYCrf4%s2013. NYCrf4ths2013n f 552013 rf 6158 41, W rf 4s Y Steam 5s " N Y Tel gen 4%s NY W&B 4 46 ia Sh Md 5%s or & Wn cn 4s or & Wn div orth Am C 'or Am E Nor Ger Ltd 6s "47. Nor Pac gn 3s 2047. Nor Pac 45 '97 Nor Pacr {6 Nor St Pw Norway 5563 Norway 6s '43 Norway 6s'52 Oreg-Wash 4s'61.. Orient Dev 5%s '58. Pac G&E 5s'42. Param-Pub 5%s'50 Pathe Exch 7s '37.. Penn sta 43°48.... Penn4%sD's1.... Penncn 4%s8°60... Penn gn 4%s'65 Penn 4%s Penn 4%s63. Penn 5s'64 Penn gen Penn 634536, Penn P&L 43581, Pere M 1st 45 '56. .. Pere Marq 4%s'80. Pere M 1st 5556 Peru 65°60..... Peru 6561 Phila Co 5567 Phila & Read 6s '49 Philippine R 4s'37. Phillip Pet 5% s '39 Poland 6s'40 Poland 7s 47 Poland 8s '50 Port Gn E14 PosTel &C 5 Prussia 6s '52 Prussia 615’5 Public Serv 4s % s 2 Pub Sv G 4%s'67. . Pure Oi1 5% 40 Queensland 7s°41.. Read 4145 A '97. Rhinelbe U 7s "46. Rhine Ruhr 6s'53. Rhine West 6s'52 Rhine West 63’53, Rhine West 6s '55. Rhine West 7s'50.. 4. Rich Oil Cal 654 Rio Gr W 1st 4s Rome 61552 Rumania 7s'59. St B&SF 4s A 'S StL&SF 41 Sao Paulo 7s '40. Saxon 7s Serbs-Cr-S 2. Shell U Oil 55°47.. Sine Oil Ts A '37 Sinc P L 5s " Sou Pac rf 4s ' Sou Pac 458’68 Sou Pac 415’81 Sou Ry gn 65’56 Sou Ry 6%3'5 StOILN J 5s "4 StOIINY 4%s" Sweden 5%s'54. 4546 Tenn E1 P 6s Tex & Ark 5% Tokio El Lt 6s 53 Union El L&P 5s UE&P 15t 514 SA Un Pac 45 68. Un Pac 4356 Un P 1strf Uit Drug o s " SrerrmanteNienSemren ~Em =i w0 8 Rio de Jan 6355 '53. 9 RIAr& L 4ls 34, aaateamn StL IM R&G 4s'33. StL SF 4%s'8ct st San A& AP 4s’43. Saxon P'W 635751, o Shell U O 5s'49ww. Silesia Prov 7s '58. Solvay Am 5 = Sou Pac col 4s°49. . EINIIYFONTIR): S Tores-ei<) Sou P&Or 4% SA'77 Sou Ry gn 48A’56. . SW Bell T 55 A '54. Studebaker 65 '42.. Tex & Pac 5s D '80. Third Av rf 4s'60. . Tob P NJ 6%s 2022 e Un Pac 1st 4547, o | Agriculture, Bureau of Agricultural Eco- { nomics, Market News Service. The tone was little weaker and price trend slightly { downward because of generally ample supplies on hand, rather slow demand, !and the increasing shipments and de- clining prices of Southern produce. Potatoes, apples and cabbage, leading items in Northern storage, still sold near the top of the March rise. Sup- plies in city markets were moderate for these lines and shipments on the way not especially heavy. Onion markets have weakened a little owing to irregu- lar quality of the stock near the end of the season and because new onlons {are beginning to appear. Sweet pota- + | toes are in large supply and some kinds are sellingy higher than they sold a year ago. Apple prices have shown & slightly rising tendency for some weeks ast. PN contrast with the extreme declines of some staple farm products, such im- portant lines of fruit and vegetables as apples, potatoes and sweet potatoes averaged not far from the prices at the beginning of April, 1932. Carlot ship- ments of fruit and vegetables are close to the weekly total of a year ago. Apple Markets Firm. The apple market has shown a gen- erally rising tendency ‘for several weeks in response to decreasing shipments and limited supplies in cold storage. The market in Northwestern apple sections advanced rather sharply, with gains of 25 cents per bushel for some varieties as compared with season’s lowest points. Eastern markets have gained to some extent lately. Shipments of Eastern varieties and packs are only about hall the volume of March and early April last season and storage holdings are not heavy. Prices would be likely to respond to a greater extent except for the prevailing slow demand. Virginia, West Virginia and Michigan have shipped less than half as many apples as last season, but New York has shipped 1, | more this season. Apple movement from most_States in the Middle West is un- usually light and the Midwestern markets have been taking considerable quantities of New York and Virginia fruit. Carlot supplies of Northwestern apples have greatly exceeded those from other parts of the country. In Eastern cities the apple market was about steady at the beginning of April. Rhode Island Greenings free from scald are in good demand at 90 cents to $1 per bushel in Eastern and Central city markets. Many of the Eastern Mc- Intosh are Becoming overripe and soft. These sell near $1 and best stock brings $1.25 or more. Eastern Delicious sell at $1 to $1.30. Virginia Winesaps brought $1.40 to $1.50 in Detroit near the end of March. Eastern Yorks and Romes sell around $1 in most markets. Starks brought 65 to 75 cents in Philadelphia, Baltimore and Washington. Most bar- rei packs of Eastern varieties sell near $3 in large city markets. Baldwin apples are meeting with rather light demand in New York pro- ducing sections because most shippers are asking 10 to 15 cents more per bushel than buyers are willing to pay. Recent sales in the Rochester district were at $1.10 to $1.15 per bushel for best stock. Best Greenings and lower grade Baldwins brought 80 to 85 cents near the first of April. Russets, barrel pack, ranged $2.25 to $2.35. Export de- mand for Eastern apples has been light for the past two or three weeks. Potftoes Fairly Steady. The potato market position may still be described as fairly steady, althcugh scattered declines amounting to about 5 cents per 100 pounds occurred near the end of March, bringing the general level a little below the top of the March rise. Growers and shippers at last reports were inclined to hold for higher prices and the shipping movement from pro- ducing sections has decreased to some. extent. Movement of seed stock is still under way and should continue active during most of April. About one-car in four of the shipments from Maine in recent weeks was of seed stock. Maine growers have been getting from $1.50 to $2 per barrel in bulk for selected or certified seed potatoes, mostly Cobblers and Green Mountains. Potato shipments from all sections have dropped considerably below 1,000 carloads per day. Supplies of Southern potatoes are increasing, but are not yet competing strongly. The condition of the roads in Northern Maine has been interfering with hauling to country shipping points. Maine dealers have been paying growers mostly 60 to 65 cents per barvel measure for table stock. Growers in Northern New York have been getting mostly around 30 cents per 100 pounds, sometimes a little less. The motor truck movement is active and is causing some dealers who ship in car lots to pay more to the growers. A shortage of potatoes in some sections of Western New York is suggested by the fact that one shipper is sending trucks 75 or 85 miles to buy and load potatoes. Supplies of all potatoes are moderate in most of the large Eastern markets, but demand is fairly active. Maine Green Mountains range 90c to $1.15 per 100 pounds in Eastern markets. New York and Pennsylvania potatoes, except Long Island, sell at 90c to $1. Chicago potato market weakened a lit- tle near the end of March. Midwestern | vegetable market were hoiding only | | fairly well near the-beginning of April, | says the United States Department of | Special Dispatch to The Star. NEW YORK, April 1.—The Curb Exchange, after opening irregularly, | showed signs of rallying for a time today, then quieted and drifted lower. Electric Bond & Share was up a small | fraction, but Cities Service was off slightly. Standard Oil of Indiana pointed higher and so did South Penn Oil, but American Gas & Electric moved in the opposite direction. | News from most trade sources con- tinued to tell of slight gains, as in | automcbile sales, steel production, car | loadings and retail business. Price trends in cogamodities, however, for the | | most part have been sufficiently on the | downtrend to erase most of the early | advances of last month. ‘The early bulge in grains sent Deere & Co, higher. Detroit about automobile sales stiffened Ford Motor of Canada A, Western Autc Supply and Parker Rust Proof. Advices from coal centers continue cheerless, explaining the market moves of Lehigh Coal & Navigation. Dividend declarations during the | course of the session were in line with | expectations. Eureka Pipe paid its | regular and Public Service of Northern | Illinois made the same distribution as it did three months ago. Pan-Amer- jcan Airways disregarded purchase of a Chinese firm. Pittsburgh & Lake Erie | was off a couple of points on a few sales, though telegraphic and personal | advices from the territory it serves tell industries. Further emphasis on beer’s influence on refrigeration sales again aided Safety Car Heating & Lighting. Na- tional Screen Service snapped out of its long lethargy, being the only active amusement stock. Markets at a Glance NEW YORK, April 1 (#).—Stocks irregular; rails heavy. Bonds irregu- lar; Germans rally. Curb irregular; changes narrow. Foreign exchanges steady; Dutch guilder higher. Cotton higher; trade and spot house buying; scarcity of contracts. Sugar barely steady; commission house selling. Cof- fee steady; trade buying. New Bond Issues. NEW YORK, April 1 (#).—New bond issues, formally offered in the New York market this week aggregated $425,000, against $625,000 last week and $8,042,000 a year ago. BONDS ON THE CURB MARKET. | Sales in DOMESTIC BONDS. thousands High. Low. Close. 5 Alabam Pw 4%s '0 6060 1 Alabama Pow 5% 69 1 Blas Yas A’ 14s Tel Ut 5las *44C 1B & O 5s F '96 3 3 Bel Tel Can 55 B El 4 4158 & Lt Bs 125 '49 bs "48. 4 103% 95% 9K% 86 94 a3 *36 10012 1004 100% ; 100 "9912 100 Emp O & R 5is 1 Firestone CM 5s 2 y E & G bs 7 Catineau Pw 5s 50 Gatineau Pw 6s '41 ax3 99% 10073 P A *40100%2 '35 79 ‘The cheering news from | | of increased activity in steel and allied | Atlas Utilities Blue Ridge . Blue Ridge pf (a3). Brill Corp B... . Brillo Mfg (60¢)... Buff N&E pf (1.60) Bunker Hill & Sul Cable&Wire A rets Cent States Elec. .. Cent Sta Elec war.. Centrifugal P 40c. . Cities Service..... Cities Service pf... Clev El lum (1.20) Colts PatF A (1).. Comw!th Sec ev pf. Comwlth & Sou wr. Cord Corp (10¢).... Corroon & Reynold Corroon & Rey pf A Creole Petroleum.. Crown Cent Pete. .. Crown Cork Intl Deere & Co Driver Har: . Duke Power (4)... East G&F As (60c). Elisler Elec Corp. .. El Bd & Share b6% . 117% EI Bd & Share pt 6. 28 El Pwr Asso (40c¢). 3% El Power Asso A... Empire Pwr part. . Florida P & Lt pf.. Ford Motor Can A. Ford Motor Ltd. Foundation For Sh. General Aviation. . Gen EIl Ltd 20 2-5c. Goldman Sachs. .., Gold Seal El new Goldfleld Consol. ., Gulf Ol of Penna. . Hollinger Goldt80c Hudson Bay Min, Humble Oil (2) Int Petrol (1). 1 kd 15 24 2% -~ 8 & 5 o 2 3 10 0 K RO B e RN MR DA @ DD O3 ER e 4 1 s 2 : | Niag Sha(Md)B 20¢ 1 1 1 1 1 9 | Penn Wat & P (3) 1114 | Railway & Lt Sec. 21% | Rainbow Lum A 2% | 3% | 39% | Technicolor. | Tech Hughes | Trmas Lux DL P S. rCentral Texas. 2 Nor Sta Pwr(A) (4) . « | Oll Stocks Litd....... Pac G&BE 1st pf 115, | Parke Davis (1). Parker t P23, NEW YORK, April 1.—“Financial advertising is facing & new set of con- | ditons, and with these, new opportun- | ities,” William J. Sheehan of Doremus | & Co., told members of the New Eng~ 40% Penroad Corp. t! 1% Phoenix 1 * | Ploneer Gold (24c). 12 | Pittsben & LE 2351008 Pub Util Hld xw... 208 Safety Car H & Lt. 100s St R il Salt Creek Prod (1) Seaboard Utilities. . Selected Industries 1 Singer Mfg Co (6).. 10s Smith (A0).......10s South Penn Oil(1).. 1 |Stand Otl Ind (1).. 4 | Stand Oil of Ky (1) 2 Stand P&L pf (7).. 50s o 14 hize Chat Corp. . United Founders. .. United Gas. .. United Gas pf (1). United Lt & P (A). United Lt & Pwr pt S Elec Pwr ww. . Intl Sec. Walker (H) pt (1). Wenden Copper.... 3 LA ] West Auto Su A(1) 11 1 Dividend rates 1n doll auarierly of *oyment. 5y dividend. tPartly extra. iPlus 4% in st 8 Pavable In cash or stock. . b Payabie. in fhock: e Adlustment dividend. — { Plus 8% £ Plus 6% in stocl B T k. hPlus 1% L mPlus 3% in stock. n Plus 8 In stock. pPaid last year—no regular rate BALTIMORE WHEAT RECEIPTS DECREASE Business Is Almost at Standstill on Chamber of Commerce Exchange. Special Dispatcl to The Star. BALTIMORE, April 1.—Receipts of flour and grain, especially wheat, on the exchange of the Chamber of Com- merce continue to show' declines, only 50,145 barrels of flour and approxi- mately 148,000 bushels of grain of all kinds being received last month. Of the iraln wheat showed the sharpest decline with only 3,320 bush- els, compared with 1,073,783 bushels in March, 1932. Only 856 barrels of flour were exported, while not a single bushel of grain of any kind was shipped. For the first three months of the year flour receipts totaled 165,127 barrels, com- pared with 173,048 barrels during the same period last year, and 15,715 bush- els of wheat were received against 2,- 301,749 bushels in the first quarter of 1932. Exports for the.same period were 9,387 barrels of flour against 19,021 barrels in 1932 and 70,870 bushels of wheat compared with 1,198,500 bushels during the same period last year. Baltimore Markets Spectal Dispatch to The Star. BALTIMORE, Md, API‘% 1.—White potatoes, per 100 pounds, 85a1.00; new potatoes, bushel, 1.25; sweet potatoes, bushel, 40a90; yams, barrel, 1.25a1.60; beans, bushel, 1.00a1.75; asparagus, dozen bunches, 1.5024.00; beets, per half crate, 75a1.10; cabbage, ton, 17.00a18.00; carrots, bushel, 50a60; cauliflower, crate, 1.25; celery, crate, 1.25a2.50; cucumbers, bushel, 2.50a3.50; eggplant, crate, 1.00a 2.50; kale, bushel, 20a30; lettuce, crate, 2.7524.00; onions, per 50-pound sack, 60a75; lima beans, bushel, 2.00a2.75; spinach, bushel, 40a45; bushel 2.0023.00; tomatoes, I ishes, bushel, 50al.0( 1.50a2.00; turnips, basket, 25a40; apples, bushel, 35a1.50; strawberries, pint, 10a 15; grapefruit, box, 1.75a2.50; oranges, box, 2.00a3.25; tangerines, box, 1.00a1.50. Dairy Market. Live poultry—Turkeys, hens, pound. 23; gobblers, 17a18; old hens, 20; old toms, 14al5; capons, 138223; young chickens, 19a21; broilers, 20a24; old hens, 12al4; Leghorns, 9al2; old roosters, 9al0; ducks, 11al3; guinea fowls, each, 25a45; pigeons, pair, 15a20. s—Receipts, 2,542 cases; curren receipts, 12; duck eggs, 18a20. Butter—Good to fancy creamery, pound, 18a20; ladles, 15; store pa 12al13; process butter, 1612al7. e Protective Committe¢ Formed. NEW YORK, April 1.—A protective committee to act for holders of Willys- Overland Co. first mortgage 6> per cent bonds, due next September 1, has been formed. G. Munro Hubbard is REDUCTION IN PEANUT ACREAGE IS URGED Virginia Planters Consider Pro- posal to Curtail Crops During the Present Year. By the Associated Press. SUFFOLK, Va., April 1.—The major topic of conversation among planters of the peanut belt continues to be the possibility of acreage curtailment in Eeu-.uu for the next crop season, with aders in each county endeavoring to obtain signatures to an agreement to cut the 1933 acreage devoted to peanuts. So far the success of this effort has been fairly encouraging to the lead- ers, who say that in view of the heavy stocks on hand in the country an acreage this year even approaching that of last year would be extremely unfor- A eianid_1 or fancy Jumbo No. 1 Virginia shelled, and No. 2 Virginia shelled is holding fairly good, the State marketing division repcrts, but the sup- ply of extra large Virginia shelled ex- ceeds the demand. Stocks of the other grades in the hands of the trade are relatively light, as large users have been buying only when peanuts were really needed. Peanuts in the shell have sold more slowly during the present season than ever before, but cleaners are hope- ful that as Spring opens up and places of amusement and ball parks become active that demand for peanuts for roasting purposes will show a substan- tial increase. LUMBER ORDERS MOUNT IN WEEK ENDED MARCH 25 By the Associated Press. Leading lumber mills report to the National Lumber Manufacturers’ Asso- ciation that orders booked during the week ended March 25 were greater than for any previous week of 1933 and for any of the previous year, except for two weeks last September. Pro- duction, likewise, was the heaviest for any week of the present year, New business booked by the mills amounted to 180,147,000 feet, which was 70 per cent above the production for the week, which amounted to 100,~ 538,000 feet. land Chapter of the Financial Adver- | tisers’ Association -at the meeting at the Boston Chamber of Commerce. Mr. | Sheehan emphasized that the situation . |calls for all the skill which financial | advertising can summon to convince a | public that no longer believes either |in Santa Claus or anything else of the merits of its propositions. “Finan- | cial advertising cannot succeed with the rusty and uncertain methods it { | has heretofore employed,” he said. Mr. Sheehan believes that newspaper advertising is going to be even more valuable in the coming “new deal” than in the past, because the depres- | sion which culminated in the recent banking crisis, has made people more constant readers of and dependent upon the newspaper and its printed word. “Financial advertising men should look to successful general advertising for guidance,” s&:]‘d K Sheehan. “There |is no reason why financial advertising | cannot_borrow the new techniques cf commercial advertising, and at the same time avoid the extravagances which have made certain well known na- tional advertisers infamous.” Mr. Shee- pleaded for a better grasp of gen- eral advertising fundamentals on the part of financial advertising men. TELEPHONE COMPANIES HAVE GAIN IN INCOME By the Assoclated Press. NEW YORK, April 1.—The telephone operating companies of the Interna- tional Telephone & Tzlegn System had a net gain of 33,53 last year, an increase of 4.4 per cent over 1931. The total crossed 800,000 for the nr_srth time. e Spanish Telephane Co. showed the best improvement, 28,390 stations or 11.7 per cent. The Mexican com- pany’s increase was 6.5 cent, while affiliates in Argentina, (?I?l’le and Peru had gains ranging from 1.3 per cent to 7.5 per cent. In Cuba about 11,000 stations were lost. Construction Contracts. NEW YORK, April 1 (#) —Engineer- mgc“e;s':‘ewg says the volume of contracts for heavy engineering con- struction is slowly gaining after the set- back caused by the bank holiday. The total for the week ended 27 is $11,994,000, against $9,384,000 for the previous week. MONEY TO On Owner-Occupied Homes in District of Columbia CURRENT RATES OF INTEREST FLOYD E. DAVIS CO. 3 12th St. N.W. National 0358 FOR SALE 6% Interest JAMES F. SHEA 643 Indiana Ave. N.W. 6% ~oTES Secured by “First Mortgages Safe—Conservative Wm. H. Sanfders Co., Inc. REALTORS Dist. 1016 1519 K St. Colllished 1900 RANDALL M. HI:&,GNER & GOMPANY ORATED REAL ESTATRH NP 133/ Gonneotiout Soonwe N W 73 73 £ 99% 100 |U S Rubber 554 T0% 41% 41% Q Apr. | Duquesne4 e 2 Erte Con 4596 Erie cv 48 A '53. E chairman. No member of the group was in any way connected with the underwriting of original distribution of the bonds, the announcement said. and Far Western producing sections| '%Not P8 be s eod quote prices nearly steady. a Eng G&E bs '47 Supplies of sweet potatoes are light £ T to moderate in leading Northern mar- kets and prices have maintained the higher level reached in late March. Eastern Shore stock of the Jersey type sells at 75c to $1.25 per bushel. North Carolina Porto Ricans and Nancy Halls | bring 50 to 85 cents. Onion Market Irregular. Prices of onions show a rather wide range of prices near the beginning of April, owing mainly to variations and quality of supplies &t this time of year. Supply and demand are moderate in Eastern markets. A few lots still bring tops of 90 cents, but not much of the supply is good enough to sell higher than 60 to 75 cents per 50 pounds. A few lots of large onions from the Con- necticut Valley brought $1 in Boston. First arrivals of Texas onions were sell- ing in that market in late March at $2 to $250 per 50 pounds, but sold below that level in most other markets and i 99% brought not much more than $1 in pro- 104 gucmg sgcmg‘si wherre the lrunl&li was 91 e ownward. Only a few cars daily are Market Averages being shipped from Western New York, By the Asso but it is reported that more onions are moving by truck than by rail in that | section. Competent Management of Rental Properties in All Sections of the City Uruguay 6s Uruguay 6s'64. ... Utll Pw 55’59 ww. Util Pow 5%s'47.. Vanadium St 5541, Va SW 1st cn 5858 | Erie gen 4s'9 Erie ref 55 '67 | Erie ref 5s'75. Fiat deb 7s'46 Finland 5%s *58 | Fram Ind 7%s 4 | French Gv 73541, Capital Distribution. NEW YORK, April 1 (#).—Mohawk Mining Co., which is to be dissolved, has declared a capital distribution of $2 a share, payable April 22 to stock of rec- | ord April 7. CHICAGO STOCK MARKET CHICAGO, April 1 (#)—Following is| the complete official list of transac- “|tions in stocks on the Chicago Stock i Exchange today: (0 Borg-Warner 15 ;gorx-w?éuei pt. 3 3 : 3 80 Bruce (E. L) ... B G Stan G & E ¢ ) Pub Bve Bt 17 GStand G&E ¢ : o] BB A Resumed ¥eastia ot O MORTGAGHE LOAN CORRESPONDENT Mohawk ©ni com Teg and beare 9 PROPERTY MANAGEMENT mrrulaaresa an abessaeSrorers BN -aara sanRoa~asne A West Union § L b . West Union 5 Adams Express pf $1.25 Q Mar 3 ! % = e West Un 6% (Ehilip) Mfg Westphalia 6s Apartment House MANAGEMENT HEN you place your apartment house proper- ties in charge of our Property izl § 5 5 Management Department you io are insuring for them careful, personal and continuous atten- tion. We will carry out every ; detail as dictated By long and 7Wes Tex U bs A '57 40 1 i i ke Bt 5 Pl i varied experience, and with the 51 28 30 Bl ssaece 14% 3 result you will find it a profit- : ’ 3 Siies 82 ¥ able service in that it will prob- ably decrease overhead and as probably increase income. This service is rendered for a very nominal fee. - B. F. SAUL CO. 925 15th St. N.W. NA¢1 2100 MORTGAGE OANS High Low. Close s itd pi....SL .. 3 Sarros T a Cent Un Nat Bk K : 7 - Clev Fmni . Goodyr Rub 58 e 70 3 Grand Trunk 6s'36. 6 s 95% irand Trunk 75'40. 1 99% Gt Brit&Ir 5%s°37. -8 104 Grt Nor 4% F 391 391 391 Grt Nor 5%s B Grt Nor gn 75 36. . s0c . 5 Haiti 6 Hudson Coal 3 Hud & M adj 5 Hud & M r. Humble Oil 5; 111 Bell Tell 55 Tl Cent rf 4 o, {111 Cent 435 '66 Mar. 21 | 1] CCStL&N 4% tn S&T 5s A'T8. tn S&T 6s B'70. L .| 100 Club_ Alum d a7 E Toledo ' E 100 Comwith Twin_City R Uni L & R &T o (W Plains NY) Deterred. Cabbage Supply Lower. Prices of cabbage near the first of April were a little below the best of the preceding month. Good stock sold in the large Eastern and Midwestern mar- kets at $16 to $25 per ton in bulk and around $1 per 100 pounds for sacked stock. Most Northern storages are | practically cleared out of cabbage hold- ings. New cabbage from Florida and South Carolina furnishes about all the X competition for New York State cab- v Tnm bage in city markets. 5 oy Demand for carrots has improved a nov' Pro G1is 2 758 649 | |little in Eastern producing sections, but| ~1Isarco Hyd E 7s '52 76 ' 76 70 e 28 prices remain practically unchanged g iy ]‘j"’ o IntT& T 4%s'39.. & ¥ and sales are mostly a little below 50 ! 5134 Int T & T 4%s'52.. cents per 100 pounds by the carlot in s 00 T oS £4.5 101 o Central New York. Because of the low 108 10 1. b i 3 0. 58 prices some carrots are being fed to cat- 1, 1081, 1% Avr. Italy Pub 78°52. .. . 1, tle. New York carrots are quoted at 50 4 s 6 ;a5 sl sl e Low.' 1t to 55 cents per bushel in New York ; $ ; i 1087 1015 city. Mar; 28 Japanese 63%s ‘54 Lo - et Brices of Southern arc b about §3 per.dozen i Lind; us indsay Cleveland Trust 10 NecCord 5 Apr. 1 Willimantic Tr Co s2 Q 50c Q Mar. 31 Regular. c Q Mar.31 Mar. 31 c Q June 5 Msy b 02% 101% 102% 48% 48y 4 Al Cit Sew. . i Burroughs Ad Chi Trans & Cl Co 6% cv_pf. $150 Q Apr. 1 Bk _(South Norwalk Conn) ... 3 Apr. 1| Il CCSIL&N 5 . Electric Serv $0. . Mar. 21 | 111 Steel db 4% 5'40. Firemen's Pnd Inc.7 Apr. "5 | Int Rap Trrf 5566 50 . Apr. 1] IntRap Trés " Int & Gt Nor 6 $1.50 Mar. 31 Int & G Naj 6s°52. .33 Q Mar.31 Mar,21|1nt Hyro Hi 8s74d. Furst Nat BE (Mid Int Mer Mar 6s’41. dletown Conn).$1.! X ssesees | Int Pap 65°55 6 Ger Con Mun' Gs 2 Ger Con Mun 7 3 Ha ES&U Bia 10 1, 3 10 Signode Stl pi’ 1! Today ... 11 Hanov 'pra a1l 100 Storkiine Purn’ i’ Previous da Maid Week ago % 6% 1013 101% e S S 500H1 & Ind BIII01 17 1% 300 Walgreen . 213 1 60 Ward Mont rocer . 1% 1 les today—10,000 shares. : BONDS. ‘37 etls 49 49 Frick Co In " Hartford El Lt..08% Do. vi 6834 . vie .. Hempstead Bk (L) _S: «}, 10 Nashua Gum & Coat Stock T Dl $1.7 & Ww—With wllllnlsl. XW—Withou! warrants. n—New. wi—When issued.