Evening Star Newspaper, April 13, 1933, Page 15

Y FINANCIAL. BONDS ARE STRONG +IN BRISK TRADING Both Domestic and Foreign Groups Score Numerous Advances. BY CHARLES F. SPEARE. Bpecial Dispatch to The Star. NEW YORK, April 13.—The bond market today went contrary to all tra- dition in showing decided strength in the face of the inflationary movement in stocks and the decided weakness ebroad in the dollar. Opening quiet, with the main inci- dent another sharp break in German dollar loans, the market developed con- siderable strength in the afternoon, when not only domestic, but foreign bonds advanced and the United States ‘Treasury list seemed to indicate quite clearly that there would be no call fil Saturday for the fourth Liberty Ais. ‘The advances were largest in the speculative bond list, although some good gains occurred in high-grade issues ‘which respond normally to easy money rates. Goodrich 6s rose 3% points. Goodyear 5s were up 1% points. Ameri- can & Foreign Power 5s gained 2 points International Telephone & Telegraph 5s were up 1. points and Western Tnion issues from 1 to 2 points. In the rail list there were substantial mdvances in Erie, Canadian Pacific. Alleghany Corporation, and Chesapeake Corporation bonds. The higher-grade securities, like those of American Tele- phone & Telegraph, Consolidated Gas of New York and Union Pacific and Atchison, were all firm. Opening lower and shortly afterward Ehowing loss#s of 11, to 2 points, with the Government 75 at a new low for the year, the list of gierman bonds recov- ered sharply in the afternoon and at one time had made a net improvement on the day. The rest of the foreign list Wwas quiet. ‘With the fourth Liberty 4Y4s bid for 3n large blocks at 1021 and better, it ‘was apparent that all prospects for call- ing this issue on Saturday had dis- mppeared and other Treasury loans im- proved with it. The first Liberty 315s were particularly strong, while gains from 13 to Y; occurred in the long- Sferm premium and discount issues. {Treasury notes were likewise firm, with lums of as much as 2, points on the 4);s due next December and of nearly as large an amount on notes that are not payable until the Summer of 1936. Banks were reported to be substantial buyers of all Government issues today. CHICAGO LIVE STOCK MARKET CHICAGO, April 13 (# (United BOND UNITED STATES. (Sales are in $1.000.) High. Low. 101 28 101 . 10211 10218 96 18 98 14 101 3 101 101 103 104 20 108 20 Sales. High. Ab&St5%s'43. .. 82 | Alleghany 5s'44.. Alleghany 65'49.".. Alleghany 55 '50 Am Beet Sug 65'35. Am Chain db 6s°33. AmF P 53 2030.... {AmIGCh5 | Am Intl536s'49. Am Metal 5%5°34. Am Sm&Ref 55 "4 | Am Sug Ref 6s'37. Am T&T 4%s'39 Am T&T c tr 65 '46. Am T&T deb 55 '60. Am T&T deb 55 '65. Am T&T 5%s'43. Am Wat Wks 5s'34. Argent 6s'61 May. Argentine 6s 59 Oc Argentine 6s A '57. Argentine 6s B '58. Arm & Co 4%5°39. Arm Del 5%s '43. Assoc Oil 6535 Atchison gn 4595, Atchison 4%s "48.. AtICL col 45'52. . Atl Gulf&WI 58'59. Atl Ref db 5537 Australia 4% Australia 55 '55 Australia 58 '57 Austrian 7s '43. B &O 1st 45°48. B&O 4%s'33 B&O 41%;="'60 B&Orf5s D 2000. B&Orf6sC'95 B &0 Swdv s '50 B & Toledo 4s'59. Batav Pet 434342, Belgium 6s ‘55. . gium 63458 '49... Belgium 7s 55 Belgium 75 °56..... Bell Tel Pa 5s B'48, Bell Tel Pa 53 C'60. Benef Loan 6s'46. . Berlin Cy El 65'65. Berlin 63%4s'50 Berlin CEl 638’51, Berlin C El 6%5'59. Beth Stl pm 55°36.. Bolivia 7s'58. Bolivia 85°47.... Bordeaux 65 '34. Bos & Me 4%s'61J. Bos & Me 53 67... Brazil 6345 '26-'57. Brazil 6%s '27-'57 Brazil CR 7s'52. Brazil 8s°41 Bremen 7s '35. Bklyn Ed 6s A "4! Lib 318 32-47 stdys3 Lib 1 Lib 4th 4%s 33-38 102 1 U S 3s51-55. States Department of Agriculture).— 17,000, including 6,000 direct; ‘weak to 10 lower than yesterday's aver- age; bulk, 179-290 pounds, 3.60a3.85; 3.90; heavier hts, down to 160 pounds, 3.60a3.80; light weight, 160- 200 pounds, 3.70a3.90; medium weight, 200-250 pounds, 3.70a3.90; heavy weight, 250-350”‘)70““““ m‘%;g‘ packing sows, medium and g« - 550 pounds, 3.10a3.45; pigs, good and «choice, 100-130 pounds, 3.25a5.60. Cattle—Receipts, 5,000 head; calves, 2,500 head; fairly active on all killing classes; generally steady, with instances strong; largely steer and yearling run; killing quality plain; bulk steers selling | at 4.25a5.25; best medium weights, 6.25; yearlings held above 6.50; all interests in trade; weighty sausage bulls selling rather freely up to 3.00; most vealers 4.5025.00, with choice kinds 5.00a5.50, few 5.57. Slaughter cattle and vealers: Steers, good and choice, §50-900 pounds, 5.25a7.00; 900-1,100 pounds, 5.25a7.00; -1,100-1,300 pounds, 4.75a7,00; 1,300-1.500 pounds, 4.50a6.25; commion- and me- dium, 550-1,300 pounds, 3.75. Heifers, gocd and choice, 550-750 pounds, 4.75a 6.25; common and medium, 3.50a4.75. Cows, good, 3.00a3.50; common and medium, 2.25a3.00; low cutter and cutter, 1.75a2.50. Bulls (yearlings excluded), good !(beef), 2.75a3.25; cutter, common and medium, 2.60a3.00; vealers, good and choice, 4.75a5.75; medium, 3.75a4.75; cull and common, 2.75a3.75; stocker and feeder cattle, steers, and choice, 500-1,050 pounds, 4.75a6.00; gcommon and medium, 2.7524.75. Receipts, 12,000 head; fairly ctive, steady; early bulk desirable ‘wooled lambs, 5.10a5.40 to packers, 99- pound weights selling at inside price; few 550; best held higher; native Bpring lambs, 7.00a8.25; slaughter sheep and lambs, Spring laml good and choice, 6.50a8.50; medium, 5.5026.50; lambs, 90 pounds down, good and choice, 5.15a5.75; common and medium, 4.00a B.25; 90-98 pounds, good and choice, 5.00a5.60; 98-110 pounds, good and choice, 4.75a5.25; ewes, 90-150 pounds, good and choice, 2.00a3.00. Philippine Sugar Crop. MANILA, April 13 () —Final re- turns from 17 of the largest centrals $ndicated today the Philippine sugar crop this year would approximate 1.- 130,000 tons, compared with 1,000,000 tons last year. Washington Stock Exchange SALES. Wash. Gas 5s '58—$1,000 at 85%;, $2,000 at 86 Wash. Gas 6s B—$100 at 103%. wfi!,l, R. & E. pfd—6 at 81%, 8 at Merge‘n!ha)er Linotype—10 at 23, 10 at 23, 10 at 23, 8 at 23, 10 at 23, AFTER CALL. t. Elec. 6% pfd.—2 at 108, 2 at 108. Wash. Gas 6s B—$100 at 103 100 at 10372, $100 at 103%. NOTICE. . This exchange will be closed tomor- ¥ow, Good Friday. Bid and Asked Prices. BONDS. PUBLIC UTILITY. ety | Bid. Asked. Amer. Tel & Tel. 4%s + d0BY% oo Tel. & Tel. ctl acostia & Pot. R Ara & Pot. Guar C. & P Tel. of Va. b: Capital Traction R. R.'5 City & Suburban 55. . Georgetowr. Gas 1st “ Potomac Electric Cos tomac Elec. 65 1 ashington Gas Washington Gas bs "6 Wash. Gas s, series Wash. Rwy. & Elec. 4s.... MISCELLANEOUS. Barber & Ross, Inc., 6145, Chevy Chase Club 5as Columbia Country Club Rk SBET Cold storase 5. STOCKS. PUBLIC UTILITY. & El g MISCELLANEOUS, erson Bromo-Selz. “A”. . anston Monotype ergenthaler Lino. (3) eople’s Drug Stores pfd Wawd. & Lothrop com. ( Wdwd. & Lothrop pfd. SEx dividend. bBooks closed. n25¢ extra. 130c extra. 17 extra. el2% extra. Unlisted Department. RwY. extra. extra. Bklyn Man 6s A 68 Bklyn Un Gas 55'50 Budapest 6s'62... Buenos A R 6s'61 BR & Pitts 4%s Bush Ter con 5s’5! Bush T Bldg 5: Calif Packing 55’40 Canada 4s'60. Canada 4%s '36. Canada 5s'52. ‘Can Nat Ry 4% Can Nat Ry 448’57 Can Nat Ry 435 '68 Can Nat 55’69 July Can Nat bs 69 Oct. Can Nor db 6145'46. Can Nor deb 7s "40. Can Pac deb 4s.... Can Pac 415’46 Can Pac 4%s 60 Can Pac 65 '54..... Cent 111 E&G 5s'51. Cent Pac 1st 4549, Cent Pac 58 60.... Cert-td db 53%s"43. Ches Corp 53 '47... C&Ogen 4%s’92 C&O04%sB'95, C&Oconb5s°39. CB&Q4%s'T Chi & Est 111 5 Chi Grt West 4s'59. CM & StP gn 45’89, C M StP&P 58°'75. . CM&StP ad 5s 2000 Chi&NW 414sC'37. Chi & NW 4%s"'49. Chi & NW 615 '36. Chi RI&P rf 4s'34., ChiRI&P4%s'52 Chi RI4%s"60. CTH&SE 1st 55'60. Chi Un Sta 4%s'63. Chi Un St5s’44... 6561 Chile 6s°61 Sept. Chile 6s°63.. Chile 78'42... Chile Cop db 58 *47. Chi Mtg Bk 63%s 57 Clev Term 5s B '73. Colomb 6s 61 Jan.. Colomb 6s'61 Oct. . Colo & Sou 4%s '35. Col G&E 5s '52 May Col Gas & E 55 °'61.. Com Inves 53%s 49, Con G NY 4%s'51. ConGasNY 5 Con Pow Jap s "44, Copenhag 5s ’52. .. Cuba 53545, Cuba Nor 5345 '42 Donmark 43 '6: Denmark 5% '55. Denmark 6s D&RGrcen4s'36 D&RGr4%s's6.., D&RG Wbs" D&RG W 5s'78. . Det Edison rf 55’49 Det Edison 55 '52. . Dodge Bros 6s *40 Donner Stl 7s'42. . Duquesned 1 5A'67. Duquesnes 1 sB'57. DEI15%s'53 Nov. Dutch East I 6s'62. Erte Con Erie cv 4s A '53. Erie gen 45 '96 Erie ref 55 '67.. Erle ref 58'75.. Fiat deb 7s'46. . Finland 5%s ‘58 Finland 65 '45 Finland 6%s 56 Finland 7s ‘50 Fla E Coast 5s 74 French Gv 7%s'41. Gelsenk'hen 63 ‘34 Gen Baking 5%5'40 Gen Cable 5% Gen P Sv 5%s°39 Gen Th Eq 68 "40. .. Ger Cent Bk 6s'38.. Ger Cen Bk 6s'60°J Ger Cen Bk 6s 60 O Ger Cen Bk 75 '50. . 21 Ger Gen Elec 6s'¢ Ger Gov 5% German 6%s 6 German Rep 75 "49.189 Goodrich 6s 4! Goodrich 6%s 47 Goodyr Rub 5s'57 Grand Trunk 6s'36. 0. 27 Gt Brit&Ir 53537 227 Grt Nor gn 7s'36 7 Greek 6s'68 - Hudson Coal &s . Hud & M adj 58'67. 6 Hud & M rf 5s'57.. 12 4 4 15 122 26 69 7 100% (These Securities not listed under exchange Raules.) BONDS. Bid. Asked. Army-Navy Club b mmercial Club s 3 1st aah. Buburbas 6%ss. Humble O11 55°37.. 7 111 Bell Tell 5s'56../ 8 11l Centct tr 45 '52. 19 102% I11 Cent 4% s " 11 Cent ref 58’55 111 CCStL&N 4%s.. 1 I CCStL&N s A.. 9 101 6 108 14 Low. Close. Copenhag 4%s '53. W 61 61 102% 103% 103% 52 51 111 Cent rf 45 '55 1 51 ON NEW YOR STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Close. 22 10125 102 9 0 10215 9616 9810 100 27 101 2 100 29 103 104 14 108 14 82 30 23% 9 47 38 281y 67 67% 66 86% 104 5 102% 97% K 109% 109% 66 66 30% 30% 5% 5% 6 5% 6% 5% 5% 6 5% 6% 32 334% ™ % Chi Mtg Bk 6%'61. 11% 11% 2 101 % 40% 101 40% 48 50% 101% 101% 94% ‘57, . 99 Con G NY 5%s°45. 103% 1031 4T% 94% 99 47% 64% 36% 15 683 807 82 30 31% 10 15% 907% 89% e 69% 100% 101 % 101% 101% 9TY% Dutch East 1 6s'47. 99 99 98% 9T% 9815 71 421 121% 122 574 59 100 100 4T% 17 29 441 76% 102% Sales. 111 Steel db 414 5'40. Inland St 4%s A'78 Inland St 4%s B'81. Int Rap Tr rf 5s "66 Int Rap Tr 6s'32.. Int Rap Tr 7s'32... Int Cemen Int & Gt N 55 B'56. Int & Gt Nor 6s'52. Int& G Naj 6s'52. Int Hydro El 6s'44. Int Mer Mar 6s'41. Int Pap ref 55 A'47. Int Pap 6s'55. . IntT&T 4%s"39 IntT& T 4%s'52 Int T & T 5s '55 Ttaly 7s '51. Italy Pub 7s . Japanese 5%s'65.. Japanese 6145 '54. . Kan C F S&M 4538 Kan C P&L 43561 Kan City Sou 3850, Kan City Sou 55’50, Kan City Ter 4s'60. Karstadt 6s '43. Kresge Found 64’36 Laclede Gas 55 '34.. Laclede 5145 C*53. Leh V cn 4%s 2003 Lig & Myers 5s'51. Lig & Myers 7s "44. Loew’s 6s'41.... Lorillard 55 Lorillard 7s'4 Long Islrf 4s'49. La & Ark 6s'69.... Lou G & El 5s A'52. L &N uni 4s°40. .. L&N434sC2003 Lycas 6s'34.. McKes & R 53550, Manhat Ry cn 48’90 Market St 7s A "40. Midvale Stl §s '36. . Milan 6%s‘52..... Mil E Ry&L bs '61. Mil E Ry&L 5s 'T1. MEK&T4%s'78... MK & T adj 5s'67. MSP&SSM cn 4s'38 Mo Pac gn 4s'75... 11 2 2 56 8 SBare wnooao 2 o whorSomanm AR R an Mo Pac5sF'77.... 1 Mo Pac 5s G '78. Mo Pac 5s H'80 Mo Pac5s1'8 Mo Pac 5348 A 49 Montevideo 6s '59 Montevideo 7s '52 Mont Pow 55 '43 Mont T 1st rf 55’41, Nat Dairy 5% s'48.. Nat Steel 5s°'56. .o 1 N Eng T 1st bs '52.. N J Power 6s'60. ... NOT& M 5s B'54 NOT&M5%s'54 Nw S Wales 55’57 Nw S Wales 5s'58. N Y Cent 33%5'97.. N Y Cent 4s"42.... NYCrf43s2013. NYCrf4%s2013n NYCrf5s2013... NYC&StL 4%s'78. NYC&StL5%SA'T4. N Y Edison is B'44 N Y Edison 5s C'51. NYEdrf6%s'41. N Y EL H&P 45’49, NY NH&H 4s°55. .; NY NH&H 4s°56. . NY NH&H 6s'48... NY O&W rf 4392 N Y Steam 5s "56... N Y Tel gen 4%s ‘39 Nia Sh Md 5%s'50. Nor & Wn div 45’44 Nor & Wn cn 4s '96. North Am Co 55’61, Nor Am Ed 55 C'69. Nor Ger Ltd 6s'47. Nor Pac 4s'97..... Nor Pacri6s 2047, Nor St Pw 6s B '41. Nord 6%s°50...... Norf Sou rf 55°61.. Norway 5s'63 Norway 5%s Norway 6s '43 Norway 6s’44. Norway 6s'52 Ohio P S T%s'46 Orient Dev 5%s Orient Dev 6s '53. . Ore Sh L 5s gtd *46. Oreg-Wash 4s°61.. Owens I11 G155°39. Pac G&E 5s "42 Pac T&T 18t 58 Pan Am Pet 65°40.. Param-Pub 5 %50 Paris Or 535 '68. . Penn 4%sD'8 Penn gn 4%s ! Penn 43%s D'70. Penn 5564 . Penn 6%s'36. . . Penn O&D 41T Penn P&L 4%s 81, Pere Marq 445 '80. Pere M 1st 55 '56 Peru 6s'60 Peru 6561 Peru 7s'59. .. Phila Co 55 '67 Phila Elec 4s '71 Phila & Read 65 49 Phillip Pet 5% 539 Pillsb F M 65°43. ... PCC&SLL 4%s C'T7 P& WV 4%sC60.. Poland 75’47 Poland 85 '50. Port Gn E1 4% '60 Por RAm T 65’42, Pos Tel & C 5553 .. Press Stl Car 55 '33 Prussia 6s52. ... Prussia 6%s Public Serv 4s ' Pub Sv G 43%s"67. Pub Sv G 432570, Pure Oil 5% '37. .. Pure Ol 5%340. .. Queensland 6s°47.. Read 4%5 A '97, Rem Arms 65 A '37. Rem R 5%SsA’4TwwW Rhinelbe U 78 '46. . Rhine Ruhr 6s°53.. Rhine West 6s'52. . Rhine West 6s'53 Rhine West 6s ‘55 Rhine West 7s 50 Rich Oil Cal 6s'44. Rio de Jan 63%s'53. RioDeJan ext 8<'46 R GrdoSul 6s 68.. R Gr do Sul 85°46. . RIAr&L4%s'34. Rome 634852, ..... Royal Dutch 4s°45. Rumania 7s'59.... StL IM R&G 45'33.. St L&SF 45 A '50.. StL&SF 4%s'T8 StL SF 4%s'T8ct § St L SW 1st 5s°52.. St P Un Dep 58'72. San A& A P 4s'43. Sao Paulo 7s 40 Sao Paulo 8s'50. .. Saxon P W 614551, Saxon 7s "45. Seab A Lrf 4s Serbs-Cr-S17s62.. Serbs-Cr-S1 8s°62... Shell U Of1 58°47.. Silesia Prov 7s '58. Sinc Oil 6%s B '38. Sinc Oil Ts A '37... Sinc P L 58’42 Skelly Oil 5%s 39 Sou Bell T&T 5s'41 Sou Pac col 4549.. Sou Pac rf 4s” Sou Pac 4%s'68... Sou P 4%5'69 ww. Sou Pac 4%s'81... Sou P&OT 4348A'TT Sou Ry £n 4sA’56. Sou Ry 55 '04. Sou Ry £n 65’56 Sou Ry 6%s '56. . Sou Ry M&O 4s'38. SW Bell T 6s A '54. St Ol N J 5546 StOil N Y 4%s'51. Studebaker 6s 42 Sweden 5348 ‘54 Swiss5%s'46. . Tatwan E P 5%s'71 Tenn EI P 65 A 47, Ter As St L 4s'53. Tex Corp cv G5 *44. Tex & Pac 5s B'77. Third Av rf 4s'60.. 1031 51 32% 33 54 b4 39 43% 46 A ! Third Av 1st 58'37. | Third Av adj 55'60. + Tob P NJ 6%s 2022 Tokio 5%s 61 Tokio El Lt 65’5 39% Union El L&P 58'57 Un Pac 1st 4547, e = - pokharascBrBerr R e AR NN AN aDR08T Bawa e - = 18 6 54 18 30 K Markets to Close For Good Friday Rites Tomorrow By the Associated Press. NEW YORK, April 13.—Following custom, security and commodity ex- changes in New York and throughout the country will close tomorrow in ob- servance of Good Priday. Most com- modity exchanges will also suspend business on Saturday. Those which will the suspension from Thi night over Sunday include the Cotton, Coffee and Sugar, National Metal, Rub- ber, Cottonseed Oil and Cocoa ex- changes. New York security markets, the Chicago Boird of Trade and Na- tional Silk Exchange will transact busi- ness on Saturday. SEASONAL RETAIL SALES ARE BRISK Easter Doll, Toy and Novelty Shipments Greater Than Last Year. Special Dispatch to The Star. NEW YORK, April 13.—Retail sales of Easter dolls and toys in the United States will approximate $35,000,000. This estimate allows for prices 25 per cent below those of last season. It is based on trade reports that show whole- sale shipments 20 per cent ahead of last Easter. Unlike in 1932 many of these nov- elties are neither German nor Japa- nese made, but of domestic manufac- ture. Recent events in Germany re- sulted in the cancellation of orders or the return to importers here of many seasonal toys. In the East, Japanese goods replaced German merchandise, but in ‘West, Midwest and Souf preference is being given to American products. Various Lines Benefited. Although London has staged Easter gift campaigns—mostly in wearing ap- parel rather than toys—such promo- tions have not been tried here. The betterment in a long list of seasonal goods, nngln: from dolls, toys, post cards, children's books, religious arti- cles, candies and their various acces- sories has been brought about by im- provement in various lines of trade throughout this country. e The Easter playthings include 5,000,- 000 rabbits, retailing from a few cents to $50 each; nearly the same number of chickens, displaying a_price range from several cents to $5; numerous teddy bears, monkeys, dogs and circus animals; party novelties, like chicken and rabbit favors; and noise makers, chiefly cackling hens. Most of the lat- ter are handled by street hawkers. The rabbits are made from real or synthetic fur, plush, stockinet cotton cloth or paper, and provide employment for many hands in New York, New Jersey, Pennsylvania and Georgia. Most of the chickens are small, made of cot- ton. The so-called “natural ducks and chicks,” contrary to the public belief, are artificial. Many mechanical toys are sold by street vendors, while chicken coops, straw baskets, egg_boxes, excelsior and moss are handled chiefly by stores. Stuffed animals range in size from eight inches to five feet. They are made chiefly of silk hair, plush, felt flannel, real pelt or stockinet cotton, and they are stuffed with cotton, wool, excelsior or kapok., Wooden and papier mache animals also are popular. Unfortunately manufacturers do not separate their sales on the basis of materials, but real fur animals, being the most expensive, are the smallest sellers. One million dollars worth of children’s books are sold at this season through tie-up displays of storles with animal displays. ‘The newest outlet for stuffed animal sales here results from the discovery that dogs and cats like to pln{ ‘with toy animals. Many stores now have special departments where their customers may bring their pets to choose their toy counf . Other Noveltles. In making stuffed animals, they are cut from patterns like a dress. The head is put on a ball and socket so it can be moved up, down and around; the arms and legs are attached with screw joints. Some big animals con- tain elaborate spring arrangements. Paws are made of shaped leather and eyes from buttons. Some of the an- gora cats have hair made of real silk. Many toy horses and dogs have leather hides, which is merely glued on the framework. Miniature circus sets naturally are a big seller at this season. Then many doll departments have styles of dresses, sults and coats that parallel Eas styles for women. < Easter post cards sales this year may approximate 5,000,000. They are cheap- er than a year ago, more religious in sentiment, and not so fancy. Local candy manufacturers and job- bers report the last-minute rush for goods is exceeding expectations but they will have no trouble in filling late or- ders. Standard goods, not novelties, are selling. Easter, next to Christmas, is the biggest candy season, but most of the purchases are made late. (Copyright, 1933.) GOVERNMENT IN PLEA FOR CLOSED BANK FUNDS Special Dispatch to The Star. BALTIMORE, April 13.—A petition claiming a priority and a preference tor certain Government funds on deposit in the Title Guarantee & Trust Co. was filed here in the receivership proceed- ings of the banking tution by United States District Attorney Simon E. Sobeloff, in the name of the United States of America. ‘The petition claimed that $4,207.83 in deposits and interests should be paid by the receiver for the trust company as a preferred claim under provisions of the United States code. Deposits in- volved had been made by Lieut. Cot. William L. Patterson, as custodian or headquarters’ funds of the 3d Corps Area, it was said. Judge Eugene O’Dunne signed an or- der giving the State bank commissioner and the receiver for the bank until April 25 to show cause why the prefer- ence should not be allowed. Sales, High. UnPacrf4s2008.. 4 85% Un Pac 4s"68. 2 Un Pac 4%s "67. Uait Drug 5s°53... Upper Austria7s'45 U S Rubber 6s°47. . Un St W 634s A’47. Un St W 6%s A'51. Uruguay 6s°60.... Utah P& L 6s'44.. Util Pw 63’59 w Util Pow 5%s *47.. Vanadium St 6s'41. Vienna 6s'52...... Va Ry 1st 5 A'62.. Va Ry & Pw b5 '34. ‘Wabash 5s B'76. .. Warn Br Pic 6539, Warner Sug 7s’41. ‘Warren Bros 6s41. Warsaw 7s 68, ... . West Sh 1st 4s 2361 West E1db bs '44.. West Pac 53 A ‘46 West Un el tr 5s West Union s *51. West Union 68 60. | buying drove Creole Petroleum and In- West Un 6%5 '36. . Westphalia 6s'53.. ‘Wil & Co 1st 6s'41, ‘Yokohama 6s '61 Ygstn S&T s A" Ygstn S&T 58 B'70. IN ACTIVE MARKET Leaders Move Sharply Higher—Gold and Rubber Stocks Active. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, April 13.—Prices on| the Curb Exchange were bid up sharply | this afternoon following the action of the big board in reflection of infla- tionary proposals at Washington. Naturally “commodity” or “inventory” companies were the first to fcel the effects of inflation talk, as quotations of many basic raw materials moved up- ward. The rally in grains lifted Deere & Co. to its previous peak. Canadian ternational Petroleum to new heights. Celanese Corporation prior preferred sprinted 8 points. Mead-Johnson en- tered new high ground. Novadel Agene bulged along with the | advance of grains. Swift & Co. du-| plicated its previous high. _Although | the so-called rate-regulated stocks, like rails and utilities, were the last to ad- vance, they, too, felt the general for- ward impulse Consolidated Gas of Bal- timore quickly added more than 3 points. National Sugar Refining, Na- tional Fuel Gas, Horn & Hardart and Shawinigan Water, the latter on decla- ration of its regular common dividend, Jjoined the upward procession. i —_— BETTER PROSPECT SEEN BY WESTERN UNION HEAD By the Associated Press. NEW YORK, April 13.—Newcomb Carlton, president of Western Union Telegraph Co., said at the stockholders’ annual meeting yesterday that officials of the company believed they had dis- cerned a general improvement in busi- ness over the last week or 10 days. He sald he himself was “considerably en- couraged.” . The company handled large amounts of money transfers during the bank holiday. “Traffic also increased after tne California earthquake, reaching a level, Carlton said, which the company had not expected to attain for some time. Bank loans of Western Union are now $1,900,000, an increase of $400,000 from December 31. F. W. Charske, chairman of the Exec- utive Committee of the Union Pacific Railroad Co., and R. B. White, president of Central Railroad of New Jersey, were elected to the board, filling places va- cated by the death of Sir Henry W. ’é’l’msx;nzwn and the resignation of Charles . Seger. COTTON CONSUMPTION. By the Associated Press. Cotton consumed during March was Treported by the Census Bureau today to have totaled 494,167 bales of lint and 50,082 bales of linters, compared with 441,663 of lint and 46,470 of linters in February this year and 488,907 of lint and 55,388 of linters in March last year. MONEY MARKET. NEW YORK, April 13 .—The money market was dull and (Tlsy to- day with rates unchanged from the previous day. Call money on the Stock Exchange was repeated at 1 per cent and in the outside call market the rate was three-quarters of 1 per cent. fi::amim time Txo}’dey and prime com- paper held at the leve effect yesterday. — $15 EXTRA DECLARED. NEW YORK, April 13 (#).—Am District Telegraph Co. OPNEW ;::s‘:;l, 8 subsidiary of Western Union, which owns about 75 per cent of the stock, has declared an extra dividend of $15 a share, payable April 20 to holdings 0; nc?rdthlAp{i’lls hlS, Western Union's share in this disbursemen at $1,125,000. S BONDS ON THE CURB MARKET. 8 80 04%; 941 10 Pisk Rub 5ias ‘31 é Plorida P&L b5s 5 200155 10k b B0 LD et A A 12 PEREEINTII VLY e gzon an g Pz &SRR O i nE L B O 5555 2 233 R £ 100 " 80% 90 100 B 50 Bak 6s '37, Wash GL ref bs '58 FOREIGN BONDS. 10Cm & Pv B 5les '37 1Eu E xw G 4 62 51 4, 2 0 A es_ 75 '46 X 8o 6%s A 5 Indus 6las ‘41 With warrants. Stock and Sale— Aero Supply B A % o Allied Mills. .2 3% Alum Co America. .1850s 49% Alum Co of Apf 1% . 1005 42% Am Beverage 3 Am City P&L B 15¢ Am Cynamid (B).. Am & For Pwr war., Am Founders. Am Gas & El (31). Am Gas & E1 pf(6). Am Lt & Trag (2).. Am Superpower-...... Am Superpower pf. Am Supet st p£ 6. Ark Nat Gas. . Ark Nat Gas (A) Ark Nat Gas pf. Armstrong Cork As El Ind Ltd k10c. Asso Gas&Elec (A) Atlantic Lob Atlas Utilitie: Atlas Utilities war. Atlas Util pf A(3) Blue Ridge. Blue Ridge Brill Corp B...... Brillo Mfg (60c)... Buft N&E pf (1.60) Bunker Hill & S vtc BurmalLtd rcts p3c. Cable&Wire A rets Canadian Mareconi Carib Syndicate. Carnation Co...... 1 Celanese Cp pf (7). 508 Celanese 1st pf.... 508 Cent States Elec... 16 Cent Sta Elec war. Cities Service. Cities Service pf... Cities Sv P&L $6 p 508 Claude Neon Inc 1 Col G & E cv pf ( Colum O11&G v.t.c.. Comwlth Edis (5).. Comwlth & Sou wr. Comstock Tunnel. . Cons Gas Balt 3.60. Copeland Prod Inc. Copper Range. .... Cord Corp (10¢). Creole Petroleum. . Cresson Consol(4c) Crocker Wheeler-. .. Crown Cork Intl A.. Cusi Mexicana Min. Deere & Co . Dubilier Cond & R E1Bd & Share b6% . 17" EIl Bd & Share pf 6.. El 84 & Share pf 5., El Pwr Asso (40c). El Pwr Asso A 40c.. ElP &Lopwar.... El Sharehold pf(6). Empire G&F 7%.. Europ El Ltd A 30¢c Fisk Rubber(new). Fisk Rub pf (new). Flintkote (A)...... Ford Motor Can A Ford Motor Ltd. Gen E1 Ltd 20 2-5c. Gen G&Elcv pf B. . Gen Theat Eq cv pf Georgia Pw pf (6). Glen Alden Coal. .. Gold Seal El(new). Goldman Sachs. ... 2% Grt A&P T n-v(17) 808 1531 148 153% Great A&PT pf (7) 1108120 119% 120 Gulf Oil of Penna.. 19 32% 30% 32 Hecla Mining. 3 Heyden Chem (1). 8% Horn & Hardart(2). 19% Hudson Bay Min 3% Humble Oil (2). 45% Hygrade Food. 3 Grain Market By the Associated Press. CHICAGO, April 13.—Big buying that started afresh late today simul- taneous with new steps at Wasl toward currency inflation hoisted wheat to above any quotations yet this sea- son. Adding to the upward momentum of values was, word that the administra- tion farm mortgage relief bill had been adopted by the House of Representa- tives. Prices moved up about 2 cents a bushel for wheat after being ; cent lower early. Advances in foreign ex- change were taken as confirming that inflation moves were being given more serious general attention. Wheat closed strong, 13a2 cents above yesterday’s finish; corn, 1%alls up; oats, '2a% advanced, and provi- sions varying from 5 cents decline to High. Low. W dsield pisd HES L P 553 324 4 Special Dispatch to The Star. NEW YORK, April 13.—Cotton prices here today opened unchanged to off a point following the March tion report, which showed use in this country of 494,167 running bales as against 441,663 in February and 488,907 in March, 1932. Total consumption for the eight months ended March 31 was 3,747,316 bales, against 3,565,889 in the like period of the 1931-1932 season. Liverpool cables were higher. Initial quotations were: May, 6.59, unchanged; July, 6.74, unchanged; October, 6.95, off 1; December, 7.10, 9’%‘71: .‘!xu;unry, 7.17, unchanged; March, .30, off 1. DECREASE IN DIVIDEND RATES IS CONTINUED By the Associated Press. NEW YORK, April 13.—Moody’s weighted average dividend rate on 600 +.| stocks declined to $1.11 in March from $1.16 in February, reflecting a large number of reductions during the month. The general average of common stock yields changed little ‘during March, says the service, but there were in- creases in the yields on utility, bank and insurance stocks. Yields on railroad and industrial shares were lower. Business Failures Reduced. NEW YORK, April 13 (#—Dun & Bradstreet, Inc., reports that March business failures in the United States, onc:ulimnziknté.' l‘:t“e the lm;ue;n for that oni e ears, TUATY Saw 2,378 h-umlvenclec.y Market Averages By the Assoclated Press.. STOCKS. 50 20 2 23 & RS R oS e S Yesterday ... Previous da oRoREZXT R ey aReanettens ™ 2 : = Yesterday ... Previous day. O Week ago . Marc! Year ago ... 2 years ago. . RRRRRY SO xw—_Without warrants, n—New. Wi—When issued. gsmazyssssess BoDR—e—EAD R F I (Copyright, 1933. Stand. Statistics 8 1 Dividend Rate. Add 00. High. Low. Close. P ®¥IMP&LPL(6).... 1 21 21 21 1 | Stand Ofl of Ky (1. '\zs A—15 EXCHANGE REFORM * PROGRAN PUSHED New Rulings Tighten Safe- guards in Handling and Sale of Securities. FINANCIAL. Stock and Sale— Dividend Rate. Add 00. High. Low. Close. ImpOfl Ltdcous0c 54 7% 6% 7T ImpOilCanrgs0c. 2 7 6% 7 Ind Pipe L (30c 3 3 3% InsCoof NAm(2). 3 29% 28, 20% Int Hy E1Scpf3i% 50s 1 1 4 Int Petrol (1)..... 101 10% Int Util B... ST 1 Inters Pwr(Del)pf. 20s 6% | Irving Air Ch (40c) 1 4% | Italian Superpw A. 1 1 Kopper G & C pf(6) 25s 45 Lake Shore M (2).. 16 e B Lehigh Coal&N 40 5% | O > PR T Lierner Strs pf ww. 22 |tional reforms by the New York Stock Il:;k;l:}'s?iil‘ggéf L, 2% | Exchange in the direction of wider pub~ bl gy 6 llicity of corporation affairs, adopted Mavis Bottling A. . several weeks ago, have been disclosed. Mead Johnson (3).. ‘Without any formal announcement Memphis Nat Gas. the Exchange last January decided that Mesabi Iron. corporations - seeking listing privileges )NXNO-U_M*’V . would henceforth have to give full in= .mglsudlix vte Ai' formation regarding the net proceeds l(onl.nom &}' C;’F“‘- received from new security sales, thus e e indicating the profits of the under- A“’“““’* R B~ writers. In taking this action the Ex- Nat Aviation. . change was a jump ahead of the framers of the Pederal securities regu- lation bill now under consideration in ‘Washington. Prior to this ruling corporations were under no obligations to report the net amount received from any sale of stock or bonds. The secrecy surrounding 14 | Sueh financing operations, called forth considerable criticism in the past, and led to the incorporation of the present pn(:)vtl:son in ulm: ‘:ecurma bill. er regulations tightened by the 4 | Exchange, according to an official an- nouncement, concern the recent rul n, | Ings relative to independent audits of corporation statements. The Exchange listed two new require- ments of minor importance, but, some 1 | significance was attached to suppfement "|“13 C” of the listing questionnaire, which read as follows: “Has any member or employe of the accounting firm any official relation with the applicant company? Describe relationship.” Interests close to the ac- knowledged that such an -inquiry of a E&;I:u;:;lyu seeking new mfllwml list- vileges was um but it was accepted by these interests as an indi- cation of the earnest purpose of the % | Ex in rooting out accounting 3 % iy 1, | Practices which might prevent s BRI g P30 oo Nat Fuel Gas (1). . Nat Investors. . N o e Nat Union Radio New Bradford Oil. New Jersey Zinc 2. Newmont Mining. . N'Y & Hon Ros (1) N Y Shipbldg (10¢c) Niag Hud Pwr (1). Niag Hud (A) war. Niag Sh(Md)B 20c. Nipissing......... Novadel Agne (5 Ohio Copper. Pac G&E 1st pf 1%, Pan Am Airways. Parke Davis (1) Parker Rust P 2% Penroad Corp. Penn Wat & P Phoenix Securities Pilot Radio Tube A, Pioneer Gold (24¢). Pitney Bowes P.... Premier Gold(12c). Prudential Invest. - Reomonammmnelon=ene o - holders from gain: 8 clear an P g;rsund.lble Plcturl:‘o( their m&l‘l‘]n'l ances, Puget Sd P&L $6 pt 10, Pure Ol pf (13%)... 60 Reybarn.... Roan Antelope Safety Car H& Lt. 75s St Anthony Gold 1 3t Regis Paper. 3 Salt Creek Prod (1) 2 Secur Corp Gen.... 1 1 1 Bank of England Statement, LONDON, April 13 (#).—The weel statement of the Bank of Englant shows the following changes in pounds: 1 | Total reserve decreased 2,725,000, cir- culation increased 4,701,000, bullion in- creased 1,976,000, other securities ine Segal Lock & Hrd. , Seiberling Rubber. Selected Industries 1 Sel Ind all efs(5%) 200s Shattuck Den Min., 1 Shawin W&P (50c. Shenandoah Corp. Shenandoah pf. Smith (A 0).. Smith-Corona vte. . 80 Am Gold & Plat. SouCalEd pf A 1% SouCalEdpfB 13 Stand Oil Ind (1).. Rate of discount, 2 per cent. @ Sarm Stand Oil Neb (1) Starrett Corp. Starrett Corp p! Stutz Motor Ca; Swift & Co.. ,, Swift Internat’l(2) Tech Hughes (60c). Technicolor. .. .... Tobacco Prod Del. . Trans Air Transp.. Tri-Cont Corp wr.. Tung-Sol Lamp. Union Am Invest. . United Elec Serv. United Founders. Secured by First. Mortgages Safe—Conservative Wm. H. Samders Co., Inc. REALTORS Dist. 1016 1519 K St. B rmewore ofmarme United Gas pf (1). United Lt & P (A). United Lt & Pwr pf Utd Shoe Mch 23%.. Utd Verde Ext 40c. U S El Pwr war.... Util Equities pf 5% Util Pwr & Lt. Util P& L (B) Van Camp Pack. Wenden Copper. Woolworth (F W) wndead ~afone RUBBER STAMPS WILL SAVE TIME S : At STATIONERS WRshINGTON DS in stock. m Plus 3 k in ook 5Pald 1ast yearens” Colablishod 1900 RANDALL H. HAGNER & COMPANY INCORPORATED REAL ESTATE Competent Management of Rental Properties in All Sections of the City NP 133/ Connoctiout Soonwa NV MORTGAGE LOAN CORRESPONDENT THINK OF THE FUTURE —and the desirability of establish- ing a profitable investment will ap- peal to you. In this connection your investigation will commend our First Mortgage 6% FIRST MORTGAGES Investment. £ - e They have two important features. Liberal interest, which is definitely fixed throughout the term of the loan—an adequate protection for the principal. . Sound Security Liberal Return to an Investor 3 May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.\W.