Evening Star Newspaper, April 19, 1933, Page 15

FINANCIAL GOVERNMENT BOND PRICES ARE LOWER #Commodity” and Convert- ible Issues Take Leader- ship in Trading. BY CHARLES F. SPEARE. Epecial Dispatch to The Star. NEW YORK, April 19.—Striking price changes featured today's active bond market. ‘The decline of United States Govern- ment obligations, the advance of so- called “commodity” issues and con- wvertible debentures, the bidding for bonds of “silver currency countries” and offerings of gilt-edged rail and public utility mortgages presinted some sharp contrasts. United States Treasury 4'4s of 1952 led the downswing in governments, los- ing more than a point in the forenoon on further talk of inflation in Wash- ington, the weakness of the American dollar in terms of foreign currencies, and statements about the ban on gold exports, except under certain restric- tions. In contrast to the softness of Amer- {can Government loans was the strength in foreign government bonds. At one time the German 5!,s were up 2 points and the 7s on the same movement were up almost that much. United Kingdom 4s of 1990 jumped 1': points to 797%, a new high for the past two years. During this bulge the 5':s of 1937 re- gained a portion of their earlier decline. Initial offerings of Canadian govern- me! resulted from Ottawa dispatches which told of decreased revenues of the Dominion during the fiscal year ended March 31. Meanwhile the securities of the Argentine government extended re- cent rallies. The rise of commodities was mir- rered in such issues as American Metal 51,5, Chile Copper 5, Goodrich Tire & Rubber convertible 6s, Otis Steel first 6s, United States Rubber 5s and Rem- ington-Rand 5'.s, with warrants. This sort of bidding also was responsible for the betterment in American & Foreign Power 5s and International Telephone Debenture 5s. These were sought as silver futures ri buyers pointing out that silver countries generally should benefit from any change in the rela- tive positions of metals. Grain Market By the Associated Press. CHICAGO. April 19—In a buying stampede rarely paralleled except in war times, wheat shot almost 5 cents upward today, and reached 70 cents a bushel at one time for September de- livery. The sensational rise eclipsed season ‘high-price records for wheat, corn, oats and other grains, and went hand in hand with Washington reports of in- flation moves and with spectacular advances in foreign exchange. Top- most quotations of the cay were reached just before the market closed, with late sharp setbacks because of profit taking. Wheat closed excited 13-21; above yesterday's finish, corn 1:-11% up‘ oass 3, advanced and provisions un- thnnzed to a rise of 30 cents. VHEAT— Open. High. Close. L4 73 September . OATS— May July agt, 303, EiCapet SILVER FUTURES STRONG ON NEW YORK MARKET By the Associated Press. NEW YORK, April 19.—Silver futures again displayed unusual strength in the New York market today. The day's trading limit of 300 points, an advance of 3 cents an ounce, was reached in early trading in September, October, November and December options. There was a turnover of 49 lots, or 1,225,000 ounces, at the opening. —_— Washington Stock Exchange SALES. Anlccsus & Potomac R. R. 55—8$1,000 | M-rgenlhaler Linotype—10 at 234, 10 at 2314, AFTER CALL. Potomac Electric 67 pfd.—2 at 107%. Washington Railway & Electric pfd.-- 6 at 82. Washington Gas 5s 1958—$1,000 at 84%. Georgetown Gas 55—$500 at 103. Washington Gas 6s B—$100 at 104, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Asked. Amer, Tel & Tel, 4%s 30.. 1 Ya m. Tel. & Tel. ctl. tr. D100t Amkcostia & Pot. K. R. 55 3 Ana. & Pot. 5. & Tra ER5"2 suburhan by, - Georgetown Gas 1ct Potomac Elec. 65 195 Barber & Ross. Inc.. Chevy Chase Club Qoluraia Courtry D; R . G storuse ¢ STOCKS. PUBLIC UTILITY. Amer. Tel & Tel (0).... Oapital Traction Co. h. Gas Light Co. BOND UNITED STATES. (Sales are in $1.000.) High. Low. 00 Lib3%s32-47... 10124 Lib 1st4% s 32-47. 10181 Lib 4th u(lu-!l 102 20 THE EVENING STAR, WASHINGTON, D. C, ON NEW 102 26 106 30 Sales. High. xmv 2 Y ADbitibi P&P 5s'53. 12 | Ab& St53%s 43 Alleghany 6s'44, Alleghany 6s” 19. Alleghany 5i ..o 30 Allis-Chalm Ss '11. 4 AmF P 552030....492 AmlGChBVzl'fl 19 AmIntl5%s’49... 8 Am Metal 538°34. 6 Am Sm&Ref 53°47. 27 Am Sug Ref 6s'37. 5 AmTATNbl'!Q.. 59 | Am T&T ¢ tr 55’46, 17 Am T&T deb 55 '60.103 Am T&T deb 5s '65.130 AmT&T 5%s'43.. 17 Am Wat Wks 55'34. 11 Am\V\V&E!s"IS f’ Am Wr Pap 6s°47.. 2 Argentine 545 1 Argentine 5158 " Argent 6s°61 May. Argentine 6s ‘69 Ju Argentine 59 Oo Argentine 68 A 61. Argentine 6s B '58 Arm & Co 4V 5'39. Arm Del 53543, Atchison gn 4s Atchison 4%s "4 AtIC L 1st 45'52.. At1C Lcol 45'62.. AtICLun41s'64. Atl Gulf&W 7'53. Atl Ref db5s Australia 413356 168 Australia 5s°55... 108 Australia 58°'57 Austrian i Austrian 78'57.... 11 B&olsus'n. B&OP&WV ll’fl B &0 Swdv 5550, | B & Toledo 45’59 Batav Pet 414842 Belgium 68 '55..... Belgium 635 '49... Belgtum 75 '55..... 1 Belglum 7s '56. Bell Tel Pa 53 B'48. Bell Tel Pa 55 C'60. Benef Loan 65 '46 Berlin Cy EI 68°5! Berlin 635’5 Berlin C El 6% . Berlin C El 6%8'59. Beth Stl pm 5s '36. Beth Stl rf 55 '42. Bo"\‘.fl ls 8.. Bordeaux 6s'34. ... Brazil 634s '26-'57 Bklyn Man 63 A 68 Bklyn UnGas §s'45. Bklyn Un Gas 55’60 Bklyn UnGas 5s'57. Budapest 6562 Buenos A R 6s ‘61 BR&Pitts 4348l Bush Ter con 5855, Bush T Bldg 55'60. Calif Packing § Canada 4s°60. Canada 4%s sg8i.as Canada 5s°'52.. 2 Can Nat Ry 4148’5 Can Nat Ry 4%’ Can Nat Ry 435’55 Can Nat 55’69 July Can Nat 53 '69 Oct. Can Nor db 614 5'46. Can Nor deb 7s°40. Can Pac deb 4s. Can Pac 413546 Can Pac 5s '44 ctfs. Can Pac 58 '54 Car Clin & O 6s°52. Cent 111 E&G b8 '51. Cent Pac 1st 45°49. Cent Pac 53 60.... Cert-td db 5% Ches Corp 58 '47 C&Ogen 438’92 CB&Qr! CB&Q I113%s '49 CB&Q Il 45 °49. Chi & Est 111 5’51 Chi Grt West 4s'59. C M & StP gn 4589, Chi M &SP 4% C C M&StP 4% '89. C M StP&P 5875, CM&SHP ad bs 2000 Chi&NW gn 3165’87 Chi & NW gn 4587, Chi&NW 4345 2037. Chi&NW 416sC'37. Chi & NW 43549, ChI&NW rf 55 2037 Chi RI&P gn 4588, Chi RI&P rf 4s'34. ChiRI&P 43%5'52 Chi R14%s’60.... CTH&SE in 55 '60.. Chi Un Sta 4%5"63 Chi Un Sta 55 B'63. Chi Un Sta 6145'63.. C & W Ind cn 4s'52. | Childs deb 55°43. Chile 65°60. . Chize 65 '61 Jan Chile 6s Chile 65'63. Chile 7s Chile Cop db 58 '47. Chile Mtg Bk 6561 Chi Mtg Bk 63557 Chi Mtg Bk 6%’61. Cin Un Trm 5s 2020 CCC&St L 41%4sETT Clev Term 41377, Clev Term 5s B '73. Clev Ter 5%sA'12 Cologne 6%5 "50. Colomb 6s ‘61 Jan Colomb 6s°61 Oct Colo & Sou 418 °35. Colo & Sou 43%s '80 Col G&E bs ‘62 May Col Gas & E 5561 - & Biecbia MISCELLANIOUB erson Bromo-Selz. A’ ston Monotype . Peoples Drus Stores i1o exra 15 extra. e, Market Averages By the Associated Press.. STOCKS. Yesterday Previous Week ago Month ago .. Year ago \- RB® ETECE 53 o in S on SIBRIREBIZE S bhone e S L, & PO iz i) Com Inves 515 "49. Cons C Md rf 58’50 Con G NY 4%s°51, Con Gas N Y 6s°57. Con G NY 5%s'45. Con P Jap 6%8°50. Con Pow Jap 7s '44. PEITY Cuba Nor 5%8'42... Czecho 85 '51. Del&Hud ref 4s'43 Del & Hud 5%s'37. Denmark 4%S '6: . wo onoe~ Denver Gas 5s'51.. D& RGrcn 4s°36. D&RG W 58'55.. - [T <1 Dutch East I East C Sug 7%#37. Erte Con 4596, ErfecvisA 3.y 1 Erie 48 B 5! Erie gen és Erie ref 5361, Erie ret 6375 Fiat deb 7 8a French Gv 7%#s'¢1. 1 Gelsenk'hen 34. 6 Gen Baking 634540 1 Gen Cable 5%s '47, .2 Gen PSv5%s8'39.. Cent Bk 65’3 T2 Ger Cen Bk 63 German 638 ‘60 German Rep 78 '49 Goodrich 6s°45....122 Goodrich61s'47.. 6 Goodyr Rub 5s'57.. 41 Grand Trunk 68'36. 14 Grand Trunk 7s'4! 8 Gt Brit&Ir 5%s'37 248 GrtNor4%sD'76. & GrtNor4%sE'7,. 9 Grt Nor 538 B '52, 20 Grt Nor gn 7s", Greek 63 '68. ‘Hudson Coal b Hud & M rf 55’67, Humble Oil 53 '37. Hungary T%s "41.. 2 111 Bell Tell 5 '56.. 10 Il Centcltr4s'53.. 6 I11 Cent rf 4s ‘56 111 Cent 4% '6 I11 CCStL&N 4%s. 111 CCStL&N SsA.. 2 111 Steel db 4348°40, 22 Inland St4%S A'78 4 Inland St 4%sB'81. 1 Int Rap Trrf5s'68 78 Int Cement 5s."48.. 20 Int& Gt N5sB'56. 2 Int & Gt Nor 6s'52, 3 Int& G Najés'52. 5 Int Hydro El 6s'44. 39 Int Mer Mar 6s°41. 3 IntPapref5s A'47. 3 Int Pap 6s'55...... Int Ry CA 5s” Int T&T 4%s 6 IntT & T 58’55, Ttaly 7s61.. Japanese 5%s'65. ne: Hs Kan CF S&M 4’38 Kan City Sou 3s'50. Kan City Sou 5s'50. Kan City Ter 45°60. Kan G&E 4%s'80.. Karstadt 65 "43 1 Kresge Found 68'36 Laclede Gas 5s'34. Laclede 5%4s C '53. Leh Valcn 452003, Leh V cn 435S 2003. Leh Valcn 58 2003. Lig & Myers 5s'51., Lig & Myers 7s '44. Loew's 63 '41. . Long Isl rf 4s 49, Lorillard 7s'44. La & Ark 5s'69. L &N53B2003.. Lyons 6s'34....... McKes & R5%s'50. Manhat Ry cn 48'90 Market St 7s A "40. Marseille 65 '34. Milan 6%s 52 Mil E Ry&L 5s'61. Mil E Ry&L 5s *T1. MK&T 1st 4s°90.. MK&T4%s'78... MK & T adj 58°67. Mo Pac gn 4s'75... Mo Pac rf 63 A *65. Mo Pac 5s F'77. Mo Pac 55 G 7l Mo Pac 5s H '8! Mo Pac 55 1'81 Mo Pac 5%5 A *49 Mobile-Ohio 5s '38. Mont Pow bs "43 Montevideo 6s '59.. Montevideo 7s '52.. Mont T 1st rf 5s'41. Nassau Elec 4s'51. Nat Dairy 5% s'48 Nat Steel 5 '56. NEng T 1st 53 '52. N J Power 6s60.... NOT&M 5s B'54.. Nw § Wales 5s'57 Nw B Wales 5s'58 N Y Cent 833597, N Y Cent 4s’42.. N Y Cent 48°98. 1 NYCrf4l4s2013. 23 NYCrfa%s xounl;t N\'C&Slh 4%s ’7!. NYC&StL5%8A'T4. ‘X Y Edison bs B'44 NY EL H&P 5s'48. NH&H 4128 '51 'Y NH&H 6s” NY O&W rf NY Rys6s A"l N Y Steam 5s '56. NY B&W gn 55'40. NY Tel gen 4%s " NY W&B 43546 Nia Sh Md 53%4s°50. Nord 6%s°50... Nor & Wn cn 45'96 Nor & Wn div 4s" 4" North Am Co 5s’61. Nor Am Ed 55 C'69. Nor Ger Ltd 6s "47. Nor Pac gn 3s 2047. Nor Pac 45'97..... 1 Nor Pac r 1 65 204 Norway §s'63 Norway 5%s 6! Norway 6s°43.. Ohlo PS 73%s"46. Ore Sh L bs gtd Oreg-Wash 4s'61. . Orient Dev 5145 '58 Orient Dev 65 '53. . Pac GRE §s'42. ... Pac T&T 1at 5s'37. Pac T&T rf 53 '52.. Pan Am Pet 65’40 Paramount 63 *47. Pathe Exch 7837 Penn sta 4s'48. ... Penn 4% s D'81. Penn 4%s D70, Penn 4%s'63. Penn 55 '64. Penn 6%s Penn P&L 4%s'81. Peop Gas ref 55 '4' Pere M 1st 45 '56. Pere M 1st 5556 Peru 6s°60. = Phila Co 5567 Phila Elec 4s'71 Phila & Read 63 '49 Philippine R 4s '37. Phillip Pet 53 s 39 Pillsb F M 65°43. P& WV 4%5s C'60 » Boarn~ rpeSRormon o EE-13) Pos Tel & C58°53.. Press St Car §s '33 Prussia 6s '52 Prussia 6%s'51 Public Serv 4s 'Il PubSvG 4% 10 Pure Ol 5%s '37. Pure O11 5335 '40. Queensland 68 '47 Queensland 7541 Read 4%SA'97.... Rem Arms 68 A ‘37 Rem R 5%SA'4Tww Rhinelbe U 75 °46. . Rhine Rubr 68'53... Rhine West 65 '52. Rhine West 6553, Rhine West 68 '5 Rhine West 78 '50. . Rich Ofl Cal 65°44. Rio de Jan 6348 '53. RGr do Sul 68 68 Rome 6%3°52 Royal Dutch 45°45. Rumania 78°69.... StL IM R&G 48'33. St L&SF 48 A '50. StL&SF4 i StL SF 4348'78ct st St L'SW 1st 58 °52.. St P Un Dep 5s°72. Sao Paulo 75°40... SeabA LSsA 5.0 Serba-Cr-S13s°63 Y R STOCK EXCHANG Received by Private Wire Direet to The Star Office. T4% 102% 32 102% 41 48 324 38% 43 9714 Washington Produce WHOLESALE PRICES. Butter—One-pound prints (93 score), 24; tub, 23; one-pound prints (92 score), 23; tub, 22; one-pound prints (91 score), 22; tub, 21; one-pound prints (90) score, 21; tub, 20. up—flmnry 12a12%; current re- ceipts, 11%; Government graded, ex- ign, 1714., ‘standards, 15%; mediums, Pouitry, alive—Turkeys, hens, yo\u:{ 16a20; old, 12al4; toms, young, 13al4; old, 8a10; chickens, hens, 13al: horn hens, 10; roosters, 6a7; Plymouth Rocks, broilers, 20a21; Leghorn, broilers, 18; fryers, 17a19; roasters, 17a19; mixed colored jckens, 14a16; keats, young, 25a40; old, 15a20; capons, 25; slips, 18. Poulf hens, , _ dressed — Turkeys, young, 19a23; old, 15a17; toms, young, 16al7; old, llll!. r)xk:kem, hens, 16; Leghorn hens, roasters, 9al10; Plymouth Rocks, hrullen. 23a24; Leg- horn, broilers, 21; fryers, 20a2l; roasters, 20a22; mixed colored chickens, 17a19; keats, yo , 28a43; old, 18a23; capons, 28; slips, 21. Meats—Beef, 111;; veal, 11; lamb, 13; Spring lamb, }5; pork loins, 11; fresh. hams, 12; smoked hams, 13; strip bacon, 13; lard, compound, 6'3. Live stock—Hogs, ught 3.50a3.80 medium, 3.50a3.95; heavy, 3.25a3.90; igs, 2.5023.75; rouahs 1.50a3.00; cuvu. .00a5.50; Bpllnt lambs, 5. Pruits—Gr pes, Argen! 5 e.lnhlmxpu, Mexico, 5.50; strawberries, Y . .5083.25; lemons 1.7582.50; _limes, stocks, 1.2522.50; honeydews, 1. £ pineapples, 5.00; rhubarb,dozen bunches, ; alligator pears, 3.50a4.50; pears, box, 3.00; cranberries, 3.25. Vegetables — Potatoes, Maine, 125; New York, 1.10; Florida, new, barrels, 4.5024.75; Tdaho hlkfll. 1.75a2.00; sweets, 50a60; cabbage, new, 75a1.00; mmlpa 75; parsnips, 1.25a1.50; celery, {2.5082.75; lzltuce Iceberg, 4.0024.50; Florida, 1.5082.00; string beans, 1.00a 250; lim 3.0023.25; eggplant, 1.50a 2.00; tomatoes, repacl 3-pan, 1.50a 2.00; lugs, 2.00a2.50; caulifiower, 1.60a 175; carrots, crates, 1.25a1.40; beets, crates, 1.25a1.40; okra, pan, 75; aspara- gus, 1/5082.50; l'plnuh 60; kale, 25830; Spring onions, per 100 bunches, 1.00; squash, 1.00a2.00; salsity, per dozen bunches, 60; cucuml 4.00; hothouse, 2-dozen boxes, 2.00a 2.50; peas, 1.75a2.00. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) Allis-Chalmers Co. Bs 1037, . American Beet Sugs Amer. Amwat Wi Belding ‘Hemin Bethlehem Bteel ¢ Canadian Nor. Dela; Bem e Ris Grande a1 1 Edison Elec, Tllum. 4s 10 e 1t Corp. Penna. s Portland Gen. Elec. 53 11 Republic Iron & Steel 5s 1 Uhlon Bli €. Catir: b1 Yizpinta Ry, & Fower Be abash Rwy. Co. 5s 1939 FOREIGN EXCKANGE. (Quotations furnished by W. B. Hibbs & Co.) Mominal gold Selling checks ue. to s4nas 835 e c 1440 o me, . Zurich, franc | Athens, drachma. Madrid, peseta Vienna, schillini Budapest, pengo. Prague, crown (n)’ crown Montreal, discount, 14 INVESTMENT T TRUSTS NEW YORK, April 19 (#).—Over-the- counter market: Quotations as of 12 o'clock. Am Bank Stock . Bullock Fund . Cumulative Tr Sh Corrorate Trust ... orporate Trust AL D Trust AA Mod : Sflrpurue Trust A(cum Ser ‘orp Tr Accum Ser M Mags Invest Ti. . Nlllnn -Wide SQ(‘ vte! N Y Bk Tr Shrs. Sales. High. Low. Shell UOI16s'47.. 48 71% 69 Shell UO bs'49ww. 46 7115 69 71 Silesia Prov 7s '58. Al Sinc Oil 6%s B '38. Sinc Ofl 7T A "37... Sinc P L 5842 Skelly O1] 53839 Sou Bell T&T 5s'¢1. Sou Pac col 45 '49 Sou Pac rf 43 ‘55 SouPac 4%s'68... SouP 4%s Sou Pgc 4%4s'81... Sou P&Or 4 %8A’77 Sou Ry gn 4sA’56. . Sou Ry 58 '94. 1 Sou Ry gn 6s 2:55. n Studebaker 6s’42.. Sweden 5348 '54.... 2! Swiss 5%s 46 Tenn El P 63 A "47 Ter As St L 45’53 ‘Tex Corp cv 58 "44.. Tex&P 1st 6! 1005 3 25 Third Av 1st 6s'37. 1 Third Av adj 68'60. ‘Tob P NJ 6%s 2022 16 Tokio 5s'52. . Tokio 5% s "61 1 Tokio E1 Lt 65'53.. 44 UE&P 1st 5% sA’54 Union El L&P 6s'57 Un Pac 1st 45 *47.. Un Pac 4s’68.. 7 Un St W 6%8 A'51. Un St W 6%sC'51. Uruguay 6s°60. Uruguay 68'64. Utah P & L bs"44 Util Pw 63 '59 ww.. Utll Pow 543 '47.. % | vanadium 8t 541 Vienna 6s ‘52, . Va Ry 15t 58 A"62. 4a Ry & Pw ht Va SW listen Wabash 1st §s 39, Wubash 5%8°75. Walworth 68 A *45. Warn Br Plc 6s'39. Warren Bros 6s’¢1. West El db 5s ‘4 West Md 18t 4s West Pac bs A 46 West Uncl tr West Union 6s Westphalia 6853 Wil & Co 1st 6341, Yoknh.ml ll 'l% 5 b !nu u'r ua 70. WEDNESDAY, CURB ISSUES SOAR TONEW HIGH MAR Leaders Mount Rapidly .as Active Bidding Puts Up Many Issues. BY JOHN A. CRONE. Bpecial Dispatch to The Star. NEW YORK, April 19.—Nearly a score of leading issues on the Curb Ex- change today reached record h prices for the year as active bidding drove dealings forward at a quickened pace. Agitation for further rate reductions resulted in some offerings of It public utilities, such as Electric Bon Share, American Gas & Electric, Niagara-Hudson Power and Citles’ Service. Standard Ofl of Indiana was fractionally higher. Overnight news included reports of decreased crude ofl output and gasoline inventories, increased steel production, a betterment in many miscellaneous trade lines and only a slight decline, despite the religious holidays, in electri- cal consumption last week. The renewsl of inflationary propos- als at Washington sent commodities kyward and brought brisk bidding for a long line of industrial issues. Trans- actions in the first two hours were nearly 75 per cent greater than in the same Tuesday period. Many sizabie blocks were lnterspersed among the 100 and odd share lots on the tape. A few of the peak prices recorded in the forenoon included Deere & Co., New Jersey Zinc, Newmont Mining, Gulf Oil, Humble Ofl, Swift & Co., Swift International. Hudson Bay Min- ing. South Penn Oil, National Sugar| Montgomery Ward A and| Refining, National Bond & Share. The commodity issues, rubber, grain and metal shares, first moved forward. They were followed by the oils and the implement and mail order stocks. Then some of the corpo- rations with large security portfolios, as Newmont Mining, National Bond & Share, and Insurance Co. of North America, attracted attention. Prospects of a 20 per cent reduction in anthracite miners’ wages lifted Glen Alden Coal. Increased sales reports bettered such automotive company quo- .| tations as those of Cord Corporaticn, o Ford Motor of Canada A, Stutz Motors *|and Ford Motor, Ltd. British-Ameri- can Tobacco, which does a _sizeablc business in the Far East, Brazillan Light and Traction, and American & Foreign Power, as well as other shares that would naturally benefit from the rise of silver metal, were also in de- mand. New York Cotton Special Dispatch to The Star. NEW YORK, April 19.—Cotton prices here today opened up 12 to 23 points, following the higher quotations Liverpool, where prices advanced 3 to 6 points in moderate trading. Initial quotations were: May, 6385, up 12; October, 7.23, up 13; July, 7.00, up 12; December, 7.44, up 20; January, 7.54, up 23; March, 7.68, up 22. db% B0 947s i 1) Consm Pw 5s ' 2 Contl Oil_5las = Crucible Steel 51 16 Dayion P & 1. n Soie 7SS K LR EEYREERS 18 A Ens " MeNaL B 1 star Gs, b5 P &L bs CH 9212222 s 0y 5 E 2 7 ) 99 9% B0V 60V, 6% Tl 76l 101 s "RAw it g 64% 5 I P~ AP N es?s;;egz P C Sy n 78 '35 903 35, 1 w.mx';mw- 9% 760% "H‘ g %2 Al IL 19, 1933, FINANCIAL. N. Y. CURB MARKET Received by Private Wire Direct to The Star Office. Stock and Bale— Dividend Rate, Add 00. High. Low. 2:55. Acme Steel (1).... 268 15 15 Alum Co America. . 20508 53% Alum Co of A 1%, 1508 46% Aluminum Ltd. 2 20 Am Capital B. Am City P&L B 15¢ ‘Am Cynamid (B Am & For Pwr wai Am Founders. . Am Gas & El ($1) Am Gas & E1pf(8). Am Investment Am Laun Mch 40¢ Am Lt & Trag (2) Am Maracaibo. .... Am Superpower-. ... 1 Am Super 1t pf 6. . Am Superpower pf . Am Thread pf 25c.. Am Transformer. .- Ark Nat Gas... Ark Nat Gas (A)... Ark Nat Gaspf... . Armstrong Cork. As El Ind Ltd k10c. Ass0 Gas & Elec. ‘Asso Gas&FElec(A). ‘Asso Rayon Atlas Utilitl Atlas Utilitl Atlas Util pf A(3).. Axton Fish(A)3.20. 508 Benet Ind Loan 1% 11 Bickford's Inc 60c. Blue Rid Brazil Trac & Lt. Brillo Mfg (60c). Brillo Mfg (A) (2). Brit-Am Tob (B) Brt-A Tb rg p24.1c. Brit Celanese rcts. Buff N&E pf (1.60). Bunker Hill & Sull Bunker Hil1 & S vtc 258 Burma rets (pl%c) Butler Bros. . Cab & W pf k6 1-5¢c. Canadlan Marconi. Carib Syndicate. Carnation Co. e R wnS eSS nemN 0 like sugar, | C Citles Service pf. Claude Neon Inc. Cleve Tractor. Col G & Ecv pt (6). 1001 Colum O11&G v.te.. 6 Comwlth Edis (§)., 12 Comwlth & Sou wr.. 12 Comstock Tunnel Consol Copper . Con Gas Balto 3. Consol Retail Str. Copper Range. Cord Corp (10¢).... Creole Petroleum. . Cresson Consol (4c) Crocker Wheeler.., 12 Crown Cork IntlA.. 2 Cusi Mexicana Min 146 Deere & Co. . . 113 Driver Harris . B Duke Power (4)... 50s East States Power,, 2 Elsler Elec Corp. 1 El Bd&Share b6% .. 250 El Bd&Sharept5.. 2 El Bd&Share pf6.. 1 ElPwr Asso A 40c. 3 EIP&Lopwar.... 11 Elec P&L 2d pf(A). 2508 8 Federated Corp.... 1 Fiat rets (p503sc a1 Fisk Rubber (new). 7 Ford MotorCanA.. 9 Ford Motor France. 2 Ford Motor Ltd.... 14 General Aviation 1 GenE1Ltd202-5c.. 6 Gen G&E cv pf (B). 100s Bh Georgia Pw pf (6).. 758 48 Glen Alden Coal 1 Goldman Sachs Gray Tel Pay Sta Grt A&P T n-v(17) 180s Great A&PT pf (7). 208 Groc Strs Prd vte.. 2 Gulf Oil of Penna.. 47 Hamilton Gasv.te. 1 Hecla Mining. . %, Heyden Chem (1).. Hollinger Goldt80c 19 Hudson Bay Min. .. 139 Humble Ol (2 . 1 P &L pf (6) . 258 1mp Oil Ltd cou 50c 55 Imp To GB&I pifc. 2 InsCoof NAm(2). b Intercont Pete 1 Int Hy E1Scpf 33 258 Int Petrol (1)...... 65 Int Utilities (B)... 2 Int Util war new... Interstate Equities 1 Irving Air Ch (40c) 1 Italian Superpw A. 4 Kleinert. .. - 1 Knott Corp o Kolster-Br Amsh.. 1 Kopper G & C p£(6) 25s Lake Shore M (2).. Lerner Stores. Libby McNeill & L. Lone Star G bédc. .. Louisfana L & Ex. . Mavis Bottling A.. % phis Nat Gi 3% FOREIGN TRADE STATUS OF U. S. IS IMPROVED By the Associated Press, ‘The foreign trade position of the United States was improved during the first nine months of the present fiscal year, on the basis of calculations by the Commerce Department, which showed the favorable trade balance amounted to $250,384,000 as against 0 i | only $186,000,000 during the correspond- ing period of the previous year. The favorable balance in 1931 lmou.nced to $584,087,000 in the nine-month period. ‘The department’s figures on gold movements showed a balance of $297,- 936,000 accruing to the United States during the nine months, whereas last year during the same period this coun- try lost $282,016,000 in its exchange with foreign nations. U. S. TREASURY BALANCE. By the Associated Press. Treasury receipts for April 17 were $5,793,191.52; expenditures, $80,745,- 317.62; balance, $399,643,437.49. Cus- toms duties for 17 days of April were $9,662,218. G'I i % | Nat Investors. . Stock and Sale— Dividend Rate. Add 00. mm m 2:55. Mid Sta Pet vic A 1 Mid Sta Pet vte B.. * 2 Montgom Ward IA) 14508 67 Mountain Prod 80cs 11 3% Nat Aviation . 16 6% Nat Bella Hess.... 19 1% NatBnd&Sh (1)., 3 27 NatFuelGas (1).. 3 11% 7 2 Nat Pw&Lt pf (6).. 2508 47% Nat Service........ 14 1% NatSugarNJ (3).. 35 35% Newberry JJ(60c). 1 10% New Eng Pwr pL(6)3530s 34% New Jersey Zinc 2. 14 40% New Mex& ALnd. 13 1% Newmont Mining.. 80 251 NYHonRo(t1%). 19 13% N Y Shipbldg (10c) 6 5 NYTelpt (6%)... 5 Niag Hud Pwr (1). Niag Sh(Md)B 20c. 2 6 les-Bement-Pond Niptssing. Nor Central Texas. orth Sta Pw A(4). Novadel Agne (5) Ohlo Brass (B). Ohio Copper. . Pac G&E 1st pf 1%, Pan Am Afrway; ;| Pantepec O11. . Paramount Motors. Parke Davis (1)... Parker Rust P2 16 15% 375s 30 Penroad Corp. 43 Phoenix Secur pf.. 1 Pilot Radio Tube A. 2 Pioneer Geld (24c). 86 Pitney BowesP.... 1 Pitts Plate G (60c). 7 Premier Gold(12¢). 2 Prudential Invest.. 25 Prudential Invpf 50- Pub Util H1d war. Pub Util Hid xw. 'Ravflveon Mfg. Reynolds Investing Roan Antelope. Royal Typewriter. ., Ryan Consolidated. Safety Car H & Lt., 100s 29%% St Regis Paper. 20 23 Salt Creek Consol Salt Creek Prod (1) Selected Industries Shattuck Den Min. . Shawin W&P (50c). % | Shenandoah Corp. . Shenandoah of.... Sherwin-Will 11).‘4005 Shreveport EI D. Singer Mfg Co (6) Smith (AO)....... So Am Gold & Plat. South Penn Oil(1). SouCalEdpf B 1% Sou CalEd pf C 1% Sou’land Roy (20¢) 7 Bowst Penn P&L 4. 1508 27 Stand Investcm pf 508 815 Stand Ofl Ind (1).. 115 20% Stand Oil of Ky (1) 17 11% Stand Oil of Ohfo.. 500s 1715 Stand P&L pf (7).. 3758 26 Stand Silver & Ld.. 43 #& Starrett Corp pf. 3 Stutz Motor Car. Sun Investing. Sunray Oil. Swift & Co. Swift Internat'l(2) Swiss Amer El pf.. Technicolor. . Tech Hucghes (60c. Todd Shipyard (1). Texon Oi] & Ld (1), ‘Trans Air Transp. . TransLux DL PS. Tri-Cont Corp wr. . Tubize Chat Corp. .. Tung-Sol Lamp. ... Union Gas of Can United Founders. United Gas. .. United Gas war-. ... United Gas pf (1).. United Lt & P (A). United Lt & Pwr pf Utd Shoe Mch 2%;.. SASI 38’ U S Elec Pwr ww U S El Pwr war U S & Intl 1st pf. U S Play Card (1 Tnit Stores vtc Utd Verde Ext 40c. Util Pwr & Lt Util P&L pf (7) .150s 6 Util Equities pf 513 30s 28 Venezuelan Pete... 7 % Walgreen Co (1)... 14% 14 Walker (H) pf (1). t 8% 8% 3| Wayne Pump....., 3 1 West Air Express. . 14 M West Auto Su A(1) 2 12 a2 Woolworth (F W) Ltd (p242-5¢)... 2 14 14 | 14 Wright Harg t20c. 128 4% 3% 4% Dividend rates in dollars ba: quarterly or semi-annual hrent”™ Yt dividend. tPartly extra. a Payable in cash or stock. stock. e Adjustment dividend. in stock. g Plus 6% in stock. mP;‘ffism" tn_stock’ 2 In"Stock. o Plus. 8% in stock p Paid last year—no regular rate. A—IS STEEL PRODUCTION IN SHARP ADVANCE Rate of Output Is Now 23 Per Cent of Capacity, Says Journal. FRF By the Assoclated Press. NEW YORK, April 19.—A rise in steel ingot production to 23 per cent of capacity, the hl?hesl rate in about & year and comparing with 191, per cent a week ago, was reported today by Iron Age. The present rate is above the ' | monthly average for any month since March, 1932, as computed by the Amer- ican Iron and Steel Institute. “Almost every district except the At- lantic seaboard,” said the survey, “has ; | shown marked improvement within the past week. The Pittsburgh district is now at 18 per cent, the Chicago district about 23 per cent, Cleveland is at 35 per cent, Youngstown and adjacent | Ohio districts at 23 per cent and the Wheeling district at 40 per cent. There have -also been gains at Birmingham and:Buffalo. Aggregate orders received /by some steel companies thus far in April are considerably in excess of their entire March bookings.” Automabile and tin plate orders con- tinue to be the leading influences in lifting steel production, Iron Age said, 2 | but “there is evidence of greater diversi- fication of orders.” “Some of the new steel business seems to represent delayed March demand and is plainly of a seascnal character, but there is almost a complete absence of speculative buying except to some ex- tent in pig iron, and virtually all orders are for immediate shipment, the urgent | demands making it difficult for mills to_meet delivery requirements.” The brewing industry is contributing some orders, “but many brewers are de- laying plans pending a clarification of the outlook.” Three issues of Iron Age have listed brewing construction projects totaling ubout $17,000,200. T;MONEY RATES DECLINE FURTHER DURING WEEK By the Assoclated Press. Average money rates showed further Tecessions during the week ended Aj 15 as the change was calculated by the Commerce Department. In the ta- ble that follows the average rate for both classes of money is given for comparable weeks, as announced by Call. 1.30 2.0 2.5 | the department: Week ended April 15.... Previous week ... Same week last year. CHICAGO DAIRY MARKET. CHICAGO, April 19 (#)—Butter, 7722; firm; creamery specials (93 scere), 203522115 extras (92), 20%: | extra firsts (90-91), 20; firsts (88-89), 193;; standards (90 centralized car- lots), 201;. Eggs, 27.607, firm; extra first 1234; fresh graded firsts 12%; current receipts 111; storage packed firsts 14%;; storage packed extras 14%. e. . 1.00 . 158 . 279 It costs New York State around $500 a_year to keep a man in prison. LOANS for re-financing or pur- chasing D. C. property at 6%. NO COMMISSIONS NO RENEWALS arranged on a plan highly beneficial to the borrower. Members Building and Loan Assn. Council of D. C. SATIONg, PERMANENT BUILDING ASSOCIATION Hog? 949-9% ST. N.W, ! 1“’ 0 E Organized 1879 Equitable Co-Operative Bldg. JOHN JOY EDSON, President Assets....ocoeenninnnn 53rd YEAR COMPLETED ’ Ass’n WALTER 8. PRATT, Jr., Secretary seveceenss.$6,251,006.24 Subscriptions for the 104th Issue of Stock Being Received Always Remember— It is not what you earn, but what you Save That Counts. JOIN THE EQUITABLE AND SAVE SYSTEMATICALLY The Equitable’s Plan of systematic saving has taught Thousands how to save and accomplish cht Results. Join To- ay. 915 F St. NW U. 5. TREASURY CERTIFICATES fiIIIIIIIIIIIIIIIIIIIlllIlIlIIIIII[IIIIlIlIIIIIIlIlIlIII|l|||l|||IIIIIIIIllIIIIIlIIIIIIIIlIIIIIIIIIIIIIII(II|IIIIIIIIIIIIIIIIIIIIHI]I"IJI]HIII (Reported by Chas. D. Bcrne! & Co) llu—lntu;lty May Gan, ot FIeery 5822555555555 S oS onn 33353y, NEW HOME FIRST MORTGAGES Paying 6 Per Cent Now Available Limited Amounts All based on new low construce tion cast levels. All confined to_restricted estabe lished Chevy Gflu home com- munities. If a SAFER FORM of invest. ment is known we should like to be informed of it. Denominations, $250 to 51,000 Phone National 2345 Mortgage Department 1505 H Street N. For Our Safe Deposit Patrons The Union Trust Company’s facilities include a modern Vault—day-lighted and ven- tilated with fresh air—ex- OF THE DISTRICT 5 OF COLUMBIA Under United States Government: lock clusively for the use of Safe Deposit patrons. Private boxes are available in various sizes at rentals of $3 and upwards a year. A storage vault provides safety for bulky valusbles. Interest paui on Checking Fifteenth and H- Streets Northwest WASHINGTON, D.C. §