Evening Star Newspaper, April 21, 1933, Page 13

FINANCIAL GOVERNMENT BOND :J4ST IN RECOVERY _Degline of Last Few Days Is iChecked as Support Occurs. _BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, April 21 —The most fmpressive feature of the bond market today was the early recovery in United States Government loans and in a number of the high-grade dcmestic cor- poration issues thct have lately been under pressure. In the one instance .the, strength in Governments is believed ta represent support through the Fed- eralReserve and in the other the with- drawing of offerings that have been in Jarge volume and have threatened to bring: about a serious decline in issues of the best type. Another significant trend was the rise 4n practically gll foreign dcllar bonds .except those of Germany. This again ted the transferring of funds as & phase of the inflation conditions. Mundcipal bonds were steadier along with Governments, although the serious troubles of a number of the largest American municipalities weigh heavily | .on.the market for municipal paper. i +nmv view of the extreme speculation | in rajiroad stocks, it was only natural that there should have been a further rise--in low-grade railroad bonds. AThese, however, were as much influ- enced by inflationary tendencies as by the .action of stocks and the rise in them: preceded that in stocks. Gains of. 240 4 points occurred in the junior isaues, of the Missouri Pacific, Chicago & -Northwestern, Erie, Baltimore & Ohio, New York Central, Southern | Railway, Great Northern, Denver &| Rig, Grande and Texas Pacific. At the same-time a steadier tone in all high- grage: bonds was reflected in an im- provement in prices of Union Pacific, Atehison and Pennsylvania issues. ... Fhe pressure was lifted from most of the high-grace public utilities like Amgrican Telephone & Telegraph, Con- Zolldaid Gas, Duquesne Light and yweg Electric Light & Power, all of Which, showed moderate recovery. On she er hand, Brooklyn Union Gas 5s were down 1 to 3 points. The secopd and third grade public utilities moved more cautious than on Thurs- day, but were still at higher levels. ‘Wastern Union 5s gained 2': points, which, carried them 10 points above their ;yecent low. Postal Telegraph 5s around 25 compared with 16 a short| time Ago. | While German government bonds were off 2 to 3 points, French 7s ad- vanged 2'. points to the highest price | f the.year. Dutch East Indies 6s rose g 0infs (o the best this year, with the dollar -doans of Denmark. Norway, Bel- _gium., Argentine, Brazil, Chile and Italy all substantially higher. - At the opening and during the first Ralf, of the session there were rallies in- United States Government loans ranging from 1 to 3; point and cover- ing nearly the entire list. This ad- vance gradually lessened, but there was enough buying power to keep the group su!y and no evidence of urgent liqui- xuon as had been the case for several ¥s,, The test of Government credit under the new conditions will be given in the bid for discount bills to be made | shortly This will compare with the most recent offering on a basis of slightly less than 'z of 1 per cent. PARIS BO&RSE PRICES. " PARIS, April 21 (#).—Three per cent | rente§ 67 francs 35 centimes; 4!z per | cert Yentes, 86.50. Exchange on London, 89.25. The dol- | hx;:vfias quoted at 22.90. DIVIDENDS ANNOUNCED NEW YORK, April 21 (#).— Reduced. Pe- Pay- Rate. riod, able Company % Q'May 15 Brila. Par 0c © May 1 Pirst Nat Bk (Cin)..$4 § May 1 g Extra. Ban ‘Carlos Mil Ltd.50c .. = Stock. Deposited Bank Shrs May 15 2% B July 1 Regular. Badger Paper Mills Inc 6% D 75e Bohack (H C) Co ist pt < YA 1 20 | | May 15 r. 25 | May 15 May 15 May 15 May 1 May s1 nd bt 31 Realty Corp st pf )] Can_Convert Lid. . .50 Gonted Iny Ltd gt 7oc Diamond Ice & Cogl €0 7% pf......$1 May 15 ot A June 1 | Ban & Aroos 4s'51. | Bklyn EI | BKlyn Man 6s A Tmgernat Harv pf_S1 Loaisville Gas & Elec ADel) (A) a8 4313 Co. of $1 June 24 Do. (B) Q June 24 Merchants' Refrig N ¥ ST pf i QA | May 10 Q June 15 o l’ 156 1 Q Osiwego, Fails Corp K 5t b $2 Q Mo o8¢ T Grvt s150 @ B n May i i 4 Savings Institu- t N D S50 @ Mifl Co Ltd. 5cM (@PPMic Cv pf. . G0c Q May 1 Q Q Q Q Q Q Q May 1 Q Q Q Q Q Q Apr. 30 June 2 | May .26 | 20 | June 20 Abr. 18 pr. 21 | Apr. 29 | 1 1 1 May 1 1 5 s » Washington Stock Exchange SALE! Washington Gas 5s '58—$1,000 at 811, | $1.000 at 81':. i Wash.-Rwy. & Elec. 45—$1,000 at 84, ! $1,000 at 84, $1.000 at 84, $1,000 at | 84,3500 at 84, $500 at 84, $500 at 85, ! $1,000 at 85. ! Capital Traction Co.—10 at 6, 10 at 6, 6. " Electric pfd—10 at, =4 106%:. 1 at 105 h. Rwy. & Elec. pfd.—10 at 817%. enthaler Linotype—10 at 25, 10 lti 4 | Was! n Gas 5¢ '38—$500 at 82, $500 t 3 gslggwn Gas 65 “B"—$500 at 1033, = Bid and Asked Prices. 2 BONDS. PUBLIC UTILITY. Bid. Asked. 512% Tel. of 5 it Traction R K. » MISCELLANEOUS. rber & Ross. Inc.. #ilas evy Chase Club §as. olvmbia Country Club b'as. . . C. Paper Mfg Gs. M. Cold Storage 5s. . ’ STOCKS. “ PUBLIC UTILITY. dmer. Tel. & Tel. (9).. @apital Traction Co Wa<h. Gas Lieht Co. & W. Steamboat Elec. Power 6/ Elec. Pwr. 53¢ h. Ry. & El com. - MISCELLANEOUS. erson Bromo-Selz. “A" nston Monotype ., “Mergemthaler Linotype eoRiEs Drug Stores p; 2 AWl & Lothrop. com. (1.20) 21 dwd. & Lothrop pid....... 1 4Ex avidend, bBaoks closed. 260 extra. ‘H308dext 15 extr l#1%% ext "Unlisted —S:pntmenl. 52 'BONDS. Wi rbry¥Navy Club 5s. mmercial Club 1st 5t mos Club 413, 4t ess Bldg. 1st 5'as | Chi&NW rf 55 2037 | Chi R1432s°60.... BONDS Recsdved by Private Wire Direst to The Star Office. STOCK EXCHAN East C Sug 7%#'37, 17 1 te the Briecv4s A'53.... Owing large trading on the stock bond exchanges the are running behind the market. Complete quotations will be found in the 5:30 edition of The Star. Tivees 93 Erieref 58°75.....176 Fiat deb 75 ‘4 Finland 634 5l Finland 78'50. Fisk Rub 85°41.... Fla E Coast 68 °74. Fram Ind 7%s '4! French Gv 78 ‘49 French Gv 7% Gelsenk'hen 63 ‘34. Gen Baking 634240 Gen Cable 5%s '47. Gen Th Eq 6540 Ger Cent Bk UNITED STATES. (Sales are in $1.000.) s igh. = Low. High. Lib 3348 32-47... 10027 1006 Lib 1st 4s 32-37.. 101 101 Lib 1st4%s 32-47. 1025 10127 Lib 4th 438 33-38 10229 1026 US3s61-65..... 952 9416 9 968 9516 . 9929 9926 %sJ40-43.. 9931 9926 . 100 98 2,8 46-56... 1019 10026 10026 : 103 12 10230 102 30 10610 1065 1066 2:55. 1006 101 10127 102 6 9416 9516 9928 99 27 99 8 ADbitibi P&P Ab& St5%s’43... AdamsExp4s’48.. 1 Alleghany 6s°44.. Alleghany 5849 Alleghany 55 '50. . Allis-Chalm 5s '37. Am Chain db 6s ‘33 Am F P 55 2030....13 Am IGCh5%s'49 Am Intl 5348°49... Am Metal 5%s'34. 4 Am Sm&Ref 58°47. 14 Am Sug Ref 65'37. 1 103% 1031 Am T&T 414s'39.. 3 100 , 100 Am T&T c tr 5346, 12 101 100 Am T&T deb 5s '60. 27 Am T&T deb 53 '65. 36 Am T&T 5%s'43.. 47 Am Wat Wks§s'34 Am W W &E 6375 Am Wr Pap 65 '47.. Antioquia 78°45. .. Argentine 58 °45. .. Argentine 538 '62. Argent 65’61 May. 31 Argentine 6s ‘59 Ju Argentine 6s ‘59 Oc Arzentine 65 A '57. Argentine 6s B '58. Arm & Co 4%3°39. 85 59 3214 German 6%48'50... 1 German Rep 7s '49. 83 Goodrich s "45. Goodrich 6% 4 Grand Trunk 7s'40. 3 Gt Brit&Ir 5%s '37 378 Grt Nor 4%s D'76. GrtNor 4 {4sE"'77. GrtNor58C'73... Grt Nor 5%s B '52. Grt Nor gn 7s'36.. Hait 52.. Hud Coal & . Hud & M rf 6s'57.. Humble Of] 55 '37.. 111 Bell ell 5s 't 11l Cent &1 tr 11l Cent 4% s 111 Cent 6% '3 Il CCStL&N 4%s. . 111 CCStLEN 6s A. . T11 Steel db 4158°40. Inland St 4125 A'78 Inland St 4% s B'81 & In* Rap Tr rf 55 66169 Int Rap Tr 7s ‘32.. Int Cement 5s '48. . 2t Int & Gt N 55 B'56. Int & Gt Nor 65’52, Int & G N aj 6352, Int Hydro E! 65'44. Int Mer Mar 6s'41. Int Pap ref 6s A'47. Int Pap 6s°55. IntT&T4% IntT&T 4% ™nt T& T Ks 'l Ttaly 7s 51 Ttaly Pub 7s'52. Japanese 53;s’65. . Japanese 61 s *54 Kan C F S&M 4s°36 Kan C P&L 4%3 61 Kan City Sou 3s'50. Kan City Sou 5s'50. Kan City Ter 4s'60. an G&E 412580, Karstadt 6s 43 Kresge Found 6x'3¢ Lack St15s A '50. . Laclede Gas 55 '34. Laclede 5%s C '53. Laclede b%s D '60. Lautaro Nit 65 '54. Leh Val en 45 2003, Leh V cn 435 2003 Lig& Loew" Atchis 45 1905-55. . Atchison gn 48°95. Atchison 4148 '48 . At1CLcol 48'62.. AtICLun 4%s'64. Atl Ref db 5837 1 Australia 43485l Australia 58°55. Australia 58 '57. Austrian 7543 Austrian 7s '57. Batav Pet 414s '42. Belgium 6s ‘55 103% 103 102 100% 1022 101 102 101% % 17 304 29% 40% 40 il il Lorillard 7s 44 La & Ark 5s°'69 ; e o Lou G & El bs A'52. 613 6% !Y::;\; uni 4s°40. .. a5 N 4145 C 2003, o L& NGs B 2008 Belgium 75 '56 Bell Tel Pa 55 Bell Tel Pa 53 C'60. Benef Loan 65 '46. . Berlin Cy El 6s°55. Berlin C E1 6%48'51. Berlin CEl 634’ Beth Stl pm 55°36. Bolivia 5 Bolivia 75 '69. Bolivia 85 *47 Bordeaux 6s Bos & Me 4% Bos & Me Lycns 6s'34. . McKes & R 5145'50 Manhat Ry cn 4890 Market St 7s A '40. Marseille 6s * Mex 4s ast 191 Midvale Stl 58 Milan 6145 52 oo Brazil 6%8 Brazil CR Brazil 8s'41. . Bklyn Ed 58 A % wn o B DY TN PO Py Bklyn UnGes 5 Bklyn Un Ga: Bklyn UnGas 5s'57. Budapest 6s°62. ... Tue0s A RBs61.. 3T & Pitts 4%s 57 8L h Ter con 58'55. iwab T Bldg 55'60. Calif Packing 6840 Canada 4s°60. . Canada 4%s " Canada 68 '52. @ RERO0AC~anSE anmarandaa 14878 MSP&SSM bs gt'38 MK&T 1st 45°90. MK&T5sA 62 MK&Tadjss Mo Pac gn 4s°'75 Mo Pac rf 6s A Mo Pac 5s F 77 Mo Pac5sG’ Mo Pac 55 H '80. Mo Pac5s1'81.... Mo Pac5%s A "49.. Mobile-Ohio 5s ‘38 Mont Pow 5s'43. .. Mont Pwr 58 A "62. Montevideo 65 '59 Montevideo 7s e v Mor&Co 1st 4%s 935, 93 93, | Nassau Elec 4s'51. 9% 97y s 991 99 544 B4 65 64 614 59% s aBali 12 23 297 74% 4% 831, 83 95% 954 95% 943, 87 86 86 86 8615 864 86 86 8615 858 88% 88 91y 904 91 902, n Nat Ry 5s Can Nor 4155 '35 Can Nor db 6148°46 Can Nor deb 7s "40 NOT&MG5%s'54. Nw S Wales 5s'57.. Nw S Wales 55’58, . N Y Cent 334s°97.. N Y Cent ab 4s°3¢. NYCent4s'9s..., NYCrf4%s2013, NYCrf4%s2013n N YCrfbs2013 N Y Cent db 6s NYC&StL 4155 '78. NYC&StL5%8A'T4. NYC&StL 1st 6s'32 N Y Edison 58 C'51. NYEArf6%s'41. N Y EL H&P 4s'49. NY EL H&P bs '48. NY NH&H 4s 4 NY NH&H 4s NY NH&H 41567 NY NH&H clt 6s'40 NY NH&H 6s 48 Can Pac b Can Pac 58 '5: Cent Ga cn 58 '45 Cent 111 E&G § Cent Pac 1st 48 °49. Cent Pac 5s 60.... Cert-td db 5%s ‘43, Ches Corp 53 47... C&O4%SA9D.,. C&O4%sB'95. C&Oconb5s 39 CB&Q=n4s's8 CB&Q41s'TT... CB&Qrfis'il... CB&QIN3 CB&Q 11l 4549 Chi & Est I11 5: . Chi Grt West 45'59. C M & StP gn 4589, Chi M & StP 4%sC Chi M&StP 43S E. C M&StP 4% 89 C M StP&P 58°75.. 29 CM&StP ad 53 2000 219 Chi&NW gn 31;s'87 11 Chi & NW gn 4%'87. 12 N Y Tel gen 4%s 39 Chi&NW 415352037, 11 NY W&B 4345°46. . Chi&NW 43%sC'37. 2 Nia Sh Md 538 '50. Chi & NW 43,5 °49. 488 Nord 6%5'50. . 1 Nor & Wn cn 43’96, North Am Co 55’61, Nor Am Ed 55 A'S7 Nor Am Ed 55 C'69. Nor Am E 5%s’63. Nor Ger Ltd 65 '47. NorOT&L 6847, Nor Pac gn 38 2047 Nor Pac 4s 97 Chi RI&P rf 45" ChiRI1&P4 CTHA&SE 1st 5560. CTH&SE in 58°60. Ch1 Un Sta 4%s'63 Chi Un St §s 44 Chi Un Sta 6% 947y 108% 74 2 95 109 ] Nor Pacr 1 68 2047. Nor St Pw 63 A 41, Nor St Pw 6s B "41. Childs deb 5s Chile 6s 60 Chile 6s ‘61 Chiie 6s *61 Jan. Chile 6s'63 Chile 78 *42 Chile Cop db Chile Mtg Bk 6 Chi Mtg Bk 6%'61. Chin GvtRy bs '51. CCCaSt L 43%sE77 CCC & Bt L s Clev Term 4%s'77. Clev Term 5s B '73. 42 Clev Ter 5%sA'72. 4 Cologne 638 ‘50 Colomb 6s ‘61 Jan. Colomb 6561 Oct. Colon Oil 65 '38. Colo & Sou 4%s '80 Col G&E 55 '52 May Col Gas & E 58 °61. Cons C Md rf b '50 Con G NY 43851, Con Gas N Y 68 '57. Con G NY 6%s"45. Con Pow Jap 78 "44. Cuba 5%s8"45. .o Cuba R R 1st 5852 Cuba Nor i348"42. S Phila Blec 4s 71 Del&Hud ref 4s°43. Phila & Read 6849 837 Philipp'e R 48 '37. Phillip Pet 5% '39 Pillsb F M 6543 . c11 Ohto P8 7%s 46 Oreg-Wash 4s ‘61, Orient Dev 65 '53. . Owens I11 G1 58°39. Pac GEE5s'43.... Pac T&T 1st 58°37. Pac T&T rf 68 '52.. Pan Am Pet 6s°40. Param-Pub 5%8'60 Paris Or 534s'68. .. Penn cn 4%8°60... Penn gn 4145'65... Penn 4%s D '70.... 4 Penn 4% 563 Penn 5564 Penn gen 5368, Phila Co 5s 67 Denver Gas 58 D& RGren4s'3§. D& RGr4%4s’is.. D&RG W b8 '85. . D&RG W 5s°78.. Det Edison rf 65’49 Det Edison 5s°'52. . Dodge Bros §s°40. . Duuue!nel*fl‘i; . Poland Poland 78°47... Poland 8s ‘50 Port Gn El 4% Por R Am T 6s'42. Pos Tel & C 5853 Sales. High. Lot 0% ON NEW YORK. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ol.nmn'noyl. NEW YORK, April 21.—The follow- ing is today’s summary of important corporation news prepared by Standard Statistics Co., Inc, New York, for the Associated Press. Automobiles and Trucks, Macks Trucks, Inc., received two con- tracts for 92 busses valued at about $700,000. Miscellaneous. Brunswick-Balke-Collander Co. deficit, quarter ended March 31, $186,549, vs. deficit $307,020. Dresser (8. R.) Manufacturing deficit, quarter ended March 31, $1,439, vs. net income $43,359. Owens-Illinois QGlass Co. declared regular quarterly dividend of 50 cents on common stock. Owens-Illinols Glass Co. common share earnings, year ended March 31, $2.02, vs. $2.20. Railroad and Railroad Equipment. Delaware & Hudson Railroad Co.— Conductors of company have accepted a 6 per cent wage cut. Loulsville & Nashville Railroad asked Interstate Commerce Commission for authority to extend fare reduction to round-trips on sleeping and parlor cars, making rate 2 cents a mile, same as existing _coach_rate. New York, New Haven & Hartford Railroad—March net loss reported around $900,000, compared with a net loss of $420,009 in March, 1932. Pennsylvania Railroad February net loss was $920,793, vs. net income of $476,450; 2 months’ net loss was $938,- 506, vs. net income of $808,889. Safety Car Heating-Lighting Co. de- clared a dividend of $1, payable out of 1932 earnings; previous distribution $1 i{a share on July 1, 1931. Southern Pacific Co. announced fur- | ther reduction, May. of 10 per cent in salaries of all officers receiving over |$4.200 a year. Symington Co. deficit, quarter ended March 31, $46.509, vs. deficit $59,077. Steel and Iron. |at 22 per cent of capacity, against 20 per cent in like 1932 week. Textiles. Reliance Manufacturing Co. (Tllinois) common share earnings quarter ended March 31, 12 cents, vs. 29 cents. Tobacco. Bayuk Cigars, Inc., net income quar- $76,148. General Cigar Co. Steelton plant has resumed full-time operations. Utilities, Consolidated Gas of New York—New York City Board of Estimate approved a resolution directing corporation coun- 49% | sel to begin immediate action looking | toward reduction of rates for gas, elec- | tric and telephone service in New York | city. | “Eastern Utilitles Associates earnings for 12 months ended March 31 equaled $2 per common share and in addition 27 cents per share on convertible stock respectively, in preceding 12 months. Eastern Utilities Associates declared terly. Sales. High. PubSvG4%s'70.. 2 98 Pure Ofl 5155 '37 ¢ | Pure Ol 5135 "40 Queensland 7s°41... Read 4%8 A ‘97 Read Jer Cn 4s'51. Rem Arms 6s A ‘37 Rem R 5%.9‘01" Rhine West 75 '50. Rich Ofl Cal 6s°44. Rio de Jan 6%s'53. RioDeJan ext 8 R Gr do Sul 65 6X.. R Gr do Sul 8s°46. . Rio Gr W clt 45'49. RIAr&L4%s'34. Rome 6148°'52..... Royal Dutch 4s'45. Rumania 7s'59.... StL IM R&G 45°33. St L&SF 4s A 'S StL&SF4% L StL SF 4135'78ct st St L&SF 58 B '50 St L SW 18t 58 °52. StP&KCSL 43841 St P Un Dep 5s°72. Sao Paulo 7s40. .. Saxon P W 6%s'61. Saxon 7s°45. . Seab A L 65 A ‘'45.. Serbs-Cr-S117 Shell U Of1 5847 Shell U O 53 *49ww Sinc Ofl 6%s B '38. SincOfl 78 A '3T... Sinc P L 5s '42. Skelly Ol 6155°39. Solssons 6s '36 Sou Bell T&T 68’41 Sou Pac col 45'49.. Sou Pac rf 4s '55. Sou Pac 4%s'68. . Sou P 4%8 69 ww. Sou Pac 4%='81...1 Sou P&OT 4% sA'7T Sou Ry gn 4sA’56. . Sou Ry 58 ‘94 - Sou Ry &n 65’56 Sou Ry 6%s'56. ... Sou Ry M&O 4s'38. SW Bell T bs A "54. St Ofl N J 6846 StOIIN Y 4%s'51 Swiss5%s'46. . Tatwan E P 648’71 Tenn Cop 68 B'44. . Tenn EI P 63 A "47. Tex & Ark 5% 550, Tex Corp cv 58 '4 Tex & Pac 53 B'77. Tex & P58C'79... Tex & Pac 5s D 80. ‘Third 48’60, . Thifd Av 1st 5s'37. Third Av adj 6s'60.. ‘Tob P NJ 6%s 2023 Toho El Pw 75 '55.. Tokio 55 '52. Tokio 53 *61 ‘Tokio El Lt 6: Union El L&P UE&P 18t 5% SA'54 Un Pac 1st 45 '47 U 8 Rubber b Un St W 6% Un St W6%s A'51, Un St W 6%s C'51. Uruguay 6s'60.... Utll Pw 55 ‘59 ww. Util Pow 5%s "47.. Vanadium St 65°¢1. Vienna 6s ‘52 s Va Ry 1st s A 62, Va Ry & Pw bs ‘34 Va SW 1st cn 5s'68. Wabash 4%8'78. .. Wabash 15t 55°39.. Wabash 2d 58'39.. ‘Wal warn Br Plc 6s°39. Warn Quin 65'39. . Warren Bros 6s'41. Warsaw 78°58. . .. West Sh 1st 45 2361 West E1db 68 44. . *52. West Pac 58 A ¢ West Un el tr 55'38 West Union 5s '51. West Unton 55 '60. West Un 6% Westphalia 6s°53. Wil & Co 1st 6541 Wis Cent Tm 45'36 Yokohama 6s°61 Yxstn S&T Ygstn S&T s B" %5 v Republic Steel Corporation operating | ter ended March 31, $160,734, vs. deficit ¥ ‘This compares with.$2 and 43 cents.| a dividend of 25 cents on common | stock; previously 50 cents paid quar-| CURB SHARES SAG IN'FINAL DEALINGS Profit-Taking Sales Result in Declines Among Lead- ing Issues. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, April 21.- stocks on the Curb Exchange lower today, sfter their vigorous ad- sessions. changed. Oil of Indiana re- tained its l;-point gain and American Cyanamid B was a shade higher near the end. The swiftness of the treading pece, however, continued right up to the closing gong degpite the realizing move- ment. Declines naturally were largest in the so-called commodity stocks, which had been bid up briskly on Wed- nesday and Thursday. The rise in non-ferrous metals, especlally cogper' both here and abroad, the belief that gold mine shares would benefit from a dilution of the gold content of the dollar, and the continued betterment in the steel in- dustry served to direct attention to metal securities. Hudson Bay Mining, ploneer gold, and Hollinger Gold were the first of the | mines to reach new highs. Soon there- | after Lake Shore Mines, Teck-Hughes, Newmont Mining, ‘Wright-Har- | greaves were bid up. New Jersey Zinc, during_this period, however, was off about 2 points. Drivers-Harris gained fractionally. Pennroad Corporation was the out- standing leader in the carrier shares as it sprinted to new heights. Pittsburgh | & Lake Erie rose within a small frac- | tion of its peak. due to the general! movement in, rails and the improvement in the steel trade. Steel Scrap Prices Advanced. NEW YORK, April 21 (#).—Heavy melting steel ‘has been advanced | 50 cents a ton at Pittsburgh to a range of $10.25a$10.75. BONDS ON THE CURB MARKET. DOMESTIC BONDS. W Low 32 | Noon. | Relg | 73% | 5 s Tel Ut § : O 565 B & Adm _bBs ‘51 ey 25 PS 55 8T | 4 4 105 187w 107 ) ) 0" 40" 4o " ) 23723 o =BER SEagRPLRRTYTISY Ee™ S5dd-aignnanzye FES 35 g S E) 3£ BasszeunaaSesao S552 faga: REIGN u E Cp 6l%s 65 urope Mtg 7s C 67 r Con Mun Gestueral 6s Qum 2 2920 200 S252 B3B8 ESE53 T 5O DU Bt LS 28108 O OR < 29 RO R Market Averages By the Associated Press.. 5 =3 20 Util Total 79. 68, 89, o amanSnnos LIRS u- LREBECatEaean Y T et o 2 THE EVENING STAR, WASHINGTON, D. C. FRIDAY, ' APRIL 21, 1933, FINANCIAL., BHP A—13 "N. Y. CURB MARKET ||DECREASE N RADID "Recelved by Private Wire Direct te The Star Office. and Bale— Dividend Rate. Add 00. High. Low. Close. AirInvinevte.... $ % % % Alabama Pw pf (7) 80s 37% Allled Mills....... 1 4% Alum Co America. .1800s 55 Alum Co ofApf 1% 50s 50! Aluminum Ltd. 13 Alum Ltd C war. Am Capital B. Am City P&L B 15¢ Am Cynamid (B). Am Dept Stores Am & For Pwr war, Am Founder: Am Gas & K1 67 Am Gas & El'pf(6). 2 Am Investment.... 14 Am Laun Mch 40c. 5508 Am Lt & Trae (2) lé} Am Superpower, Am Superpower pf. 4 Am Super 1st pf 6 1 Anchor Post Fence. 1 Ark Nat Gas 8 Ark Nat Gi . 16 Ark P&L $6 pt (3). 108 Armstrong Cork. . .250s 22 2 1 14 150 il 17 7 Asso Gas&Elec(A) Aswo Rayon.... Asso Tel Utilities 1 Atlas Utilities. 179 Atlas Utilities war. 33 Atlas Util pt A(3).. 7 Axton Fish(A)3.20. 508 Benet Ind Loan1% 6 Biekford pf (2%) 1 Blue Ridge..... “ Blue Ridge pt (a3). 12 Borne-Scrymser. ..1008 Bost & Albany 8% . 20s Brazil Trac & Lt... 24 Brillo Mg (60c) . Brillo Mfg (A) (2). 1 B-A Tb B cu pdZ.3c. 1 Br-A Tobrgp37.3c 3 Buff N&E pf (1.60) 4 Bunker Hill & Sull.125s Burma rets (plize) 1 Butler Bros....... 2 Canadian Marconi. 33 Carib Syndicate. .. Carrier Corp...... 3 Celanese 1st pt. ... 3258 Celluloid Corp. 1 Cent HudG&E(80c) 5 Cent States Elec... 99 Cent Sta Elec war. Centrifugal P 40c.. Charis Corp (1%). Chicago Corp (Th Cities Service Citles Bervice pf. Citles Service(BB Claude Neon Inc. Colon Oil. ... Col G & E cv pf (5) 5008 | Coppm O11&G v.te.. 3 12 26 Cofwlth Edis (5). Comwith & Sou wr. Comstock Tunnel. . CA MCoctfs Consol Copper Con Gas Balto . Consol Retail Strs. Cooper Bessemer Copper Range. . Cord Corp (10c) Cosden & Co... Creols Petroleum Crocker Wheeler ... Crown Cork IntlA. 11 Crown Zell pf A 11; 258 Cus! Mexicana Min 111 Darby Petroleum. . Deere & Co. Derby Oil & Refin Dow Chemical (2). Driver Harris. ..., East G&F As (60c) Sast States Power . sast Util Asso cv. . ler Elec Corp. 1 Pwr Ass0 (40¢). Sl Pwr Asso A 40c. EIP & L op war Elec P&L 2d pf(A). 258 Elec Shareholdings 6 Empire G & F 7% . . 2008 Empire G& F 8% . 1508 Empire Pwrpart.. 1 Europ E1Ltd A 30c 10 Europ Elec deb rts. Evans Wall Lead. . Fisk Rubber (new). Fisk Rub pf (new). Ford Motor Can A. Ford Motor L. ... Garlock Pack(40c) General Aviation Gen EI Ltd 20 2-5¢. »pf (B) 300s Gen Pub Service pf 50s Georgia Pw pf (6). 1008 Glen Alden Coal... 9 Glob Undrw (k35¢) Gold Seal El(new). Goldman Sachs. . Gorham vte (1) Grt A&P T n-v(17) 200s Great A&PT pf (7) 1008 120% Guif Oil of Penna.. 65 Hall Lamp (k10c). 2 Happiness Candy.. 2 Hecla Mining...... 13 HiresCE A (2) 1008 Hollinger Goldtsoc 19 Horn & Hardar¢(2) 2 Hudson Bay Min.. 127 Humble Oil (2) 17 M P&LDEE 58 1mp Ofl Ltd cou b0c 154 ImpOfl Canrg50c. 4 Ind Pipe L (30¢). .. Ins Co of N Am(2) Int Petrol (1) Int Products. 1551 158 118% 118% 35 Int Utilities (B). .. Interstate Equities Interstate Eq cv pf. Irving Air Ch (40c) Washington Produce WHOLESALE PRICES. -pound prints (93 score), one-pound prints (92 score), 25; tub, 24; one-pound prints (81 score), 24; tul one-pound prints (20 score), 2 5 Eggs—Hennry 121:a13; ceipts, 11l2a12; Government graded, extras, 18%; standards, 16%; mediums, Butter—One. 26; tub, 25; hens, 15; toms, 10, chickens, Leghorn hens, 9al0; Plymouth Rocks, brotlers, ; Leghorn, broilers, 19a21; fryers, 17a19; roasters, 17al9; mixed colored , 14a16; keats, 3 25240: old, 15a20; capons, 25; slips, 18. Poultry, dressed—Turkeys, hens, 18; toms, 13; chickens, 15a16; Leghorn hens, 13; 9al10; Plymouth Rocks, broilers, 18a28; horn, brollers, 22a24; fryers, 20a2l1; roasters, 20a22; mixed colored chickens, 17a19; keats, young.l 28a43; old, 18a23; eats—Beef, 1114 ; veal, 11; lamb, 13; Spring lamb, 15; pork loins, 11; fresh hams, 12; smoked hams, 13; strip o 2.50a3.50; 3.0025.50; Pruits—Cantaloupes, 6.50; peaches, 1.50; apples, box stock, 2.50; pears, 8.00a3.50; alligator pears, 3.00a3.50 bananas, 50a3.00; oranges, 2.50a3.50; lemons, 4.00a4.50; grapefruit, 2.25a 3.50; grapes, 3.50a4.00; strawberries, 2.50a4.00; pineapples, 6.00; rhubarb, 2’:;, dgun dlmnch‘u'i 5.202.5 cranberries, . oneydews, 1.75a2.25; limes, per 100, 2.00. o Vegetables — Potatoes, Maine, 1.25; New York, 1.10; Florida, new, barrels, ho S ds S82E285d a 2 g o 2 S a5 FasREs - qg;s fots s tatnh BRITINRS: et 833 e m,._" §assigszssesen LI S (Copyright, 1933, Stand. ? i ? 4.50a4.75; | Idaho bakers, 1. B weets, B Italian Superpw A. Kirby Petrolm 10g, 2 Kolster-Br Amsh.. 1 - % 60s 45 Lake Shore M (2). & | Memphis Nat Gas. . ! Smith (A 0) Stock and Sale— Dividend Rate. Add 00. Migh. Low. Close. % " Irving Air Ch war, 2 " 2 Kopper G & C pf! 4“ Lefcourt Realty... 1 Lehigh Coal&N 40e 10 Libby McNeill & L. 8 18 Lone Star G bé4e. Long ILemptB6 508 Louisiana L & Ex. 8 Mangel Strs pf.... 90s Mavis Bottling A.. 4 11 Merritt Chap&S.. 8 2 3 | Mexico-Ohio Ofl Middle West Uti] .. 8 Montgom Ward(A) 140 Mountain Prod 80c. Nat Aviation. . Nat Investors pf.. 758 Nat Pw&Lt pf (6). Nat Service......, 12 NatSugarNJ (3). 7 Nat Transit(80c) . . ew Eng T&T (8). Jersey Zinc 2. wmont Mining. . N'Y Hon Ro(t1%). N Y Shipbldg (10c) N Y Steam (2.60).. N Y Tel pf (63%)... T6s Niag Hud Pwr (1). 56 Niag Hud (A) war. 2 Niag Sh(Md)B 20c. 39 Nipissing. .... 1 Noma Electric Northern P L(50¢c). 1 North Sta Pw A(4). 13 Northwest Eng..., 2 Northw Yeast (12) 10s Novadel Agne (5).. Ohio Brass (B).... Ohio Copper. Okla Nat Gas p: Oil Stocks Ltd. ... PacG&E 1stpf 1% Pan Am Airways. . . Pantepec Oil. Parke Davis (1) ’» | Parker Rust P 2 Penroad Corp. . Penn Wat& P (3). Petrol Corp war Phil Morris Inc. Phoenix Securitie Pllot Radio Tube A Ploneer Geld (24¢). 97 Pitney Bowes P... 18 Pitts Bes&LE(11%) 508 Pitts Plate G (§0c). 6 Premier Gold(12c). 42 Prent Hall cv (3).. 908 Prudential Invest.. 16 Prudential Inv pf 6 108 Pub Utli Hid war.. 3 Pub Utl] Hld xw 2 Pub Util Hldepf... 8 Pure Oil pf (1%).. 708 Quaker Oats (15).. 90s R R SharesCorp.. 1 Reybarn. ISk Roan Antelope.... 8 Rubberoid Co (1).. 3 Ryan Consolidated 1 Safety Ca¥ H&L(1) 50s 3t Regis Paper.... 61 St Regis Paper pf.. 108 It Creek Prod (1) 4 Segal Lock & Hrd.. 2 Selected Industries 28 Sel Ind all ¢fs(53) 850s Sel Ind prof (5%). 6 Shattuck Den Min. 8 Shenandoah Corp.. 20 Shenandoah of. ... 1 Shawin W&P (50c) 1 nger Mfs Co (6). 1008 102! inger MfgLtd rets 1 So Am Gold & Plat. 2 South Penn Oil(1). Sou Cal Ed pf B 1% SouCalEdpfC1% South Colo Pw (A) Southern Corp'n. .. Sou'land Roy (20¢) Sowst Penn P&L 4. Spanish & Gen rets Stand C & S (2.40). Stand Invest cm pf Stand Oil Ind (1).. Stand Oil of Ky (1) Stand Oil of Ohfo. . Stand Pwr & Light. Stand P&Lt B(30¢) Stand Silver & Ld. . Starrett Corp pf Stutz Motor Car. Swife & Co.. < SwifsInternat’l(2) Swiss Amer El pf., Tampa Elec 2.24 Technicolor re Tech Hughes (60c) Texon Ofl & Ld (1). Tob & Allied Stks. . Tobacco Prod Del. - Tob Prod Exp(10c) Tob Sec (k 46 4-5¢) To Sec def k6 7-10c Todd Shipyard (1). Trans Alr Transp. . TransLux DL P §. Tri-Cont Corp wr.. Tubize Chat Corp. . United Chem pt pf. United Corp war United Founder: United Gas United Gas war. United Gas pf (1).. United Lt & P (A). United Lt & Pwr pf Utd Milk Prod pf.. Utd Shoe Mch 2%.. US Elec Pwr ww.. US&Intl Sec..... U S & Intl 1st pt U S Play Card (1) Unit Stores vtc. Utd Verde Ext 40c. Utah Apex. ....... Util Pwr& Lt..... Util P&L pf (7)... Util Equites. . .... Util Equities pf 53 Util & Industrial. . Utll & Indust pf. .. Walgreen Co (1)... Walker (H) pf (1). Watson (J W).... Wayne Pump. Wayne Pump pf. Wenden Copper. Williams (RC). .. Wil-Low Cafe pf.. Woolworth (F W) Ltd (p24 2-5¢)... Wright Harg t20c. 708 32 62 % 27% 1008 49% 1 1% 4 39% 1% 14008 3212 14 « 6 14% u 1% % % % 1% 28! 12 2% 1 27 49% 1 33 615 | 17 11 36% % 43 25% 18% | at the end of 1932 was nearly equal to 39 39 39 111% 110 110 12% 11 39 % 66% | 4 11 % BUSINESS IS LARGE | Industry Has Suffered 67 Per Cent Decling in Sales Since 1929. BY CHAS. P. SHAEFFER, Associated Press Business Writer. The radio industry may be listed as among the heavy sufferers from the depression of the last few years. Officlal statistics compiled by the industry’s trade tions reveal that 1932 sales of all radio producty was but 23 per cent of the total of such sales for the peak year 1929, when 14 the aggregate was $843,000,000. year the total was but $196,000,000. Falling prices were the main con« tributors to the year’s adverse shows ing, the figures revealed, as the nums ber of sets employed on December 31 14 | Were greater than ever before, amount~ ing to 16,810,000. The average price of a set for the 1, | year was placed at $48, as compared | with $133 in 1929, while tubes av- feraged $1.10 last year in contrast with $2.50 in 1929. The average life of a radio set at present is five years, reduced by the | fact that the number of sets in use kel the number installed during the five years ended with 1932. Consequently, the trade expects that replacements during 1933 should equal the 1928 in- stallation of 3,281,000 sets, in addition to the demand created by new cus- tomers. It is calculated that at least 13,000,000 families in the United States | are_witbout radios. ‘|, The number of new sets sold during the last year are calculated at 2.620.000, compared with 4,438,000 in 1929. Tube sales last year amounted to about 44,- Gg 1 300,000, as against 69,000,000 in 1929. 131y Sherwin-Will (1)..1600s 22% 10% Silica Gel ct. . 3 % 20 1% 3508 13 3 2 1% 2% 14% 9 Dividend rates in dollars based on quarterly or :1;::@:} :hrlly extra. 1Plus yable in cash s q or stock. stock. Plus 3 5 Pald lask yearns semi-annual payment. 4% 1 b Pa; d. Hlus ' 5 h Plus 1 K Plus 10! . __nPlus 8% year—no regular rats. 100 1 in % Ry New York Cotton; 8pecial Dispatch to The Star. NEW YORK, April 21.—Cotton prices on the local exchange today opened |14 to 18 points higher. In Liverpool | prices advanced 25 to 29 points in quiet trading. Initial quotations were: May, 747 up 14; July, 7.61 up 14; October, 7.86 up 15; December, 8.00 up 16; January, 8.09 up 18; March, 8.25 up 16. Sugar in mixed fashion, with prices off 2 to up 1 point. This also was true of silver, where initial quota- tions ranged from up 10 to 65 points to off 2 points on 101 lots, or 2.525.000 ounces. Rubber was up 5 to 11 points for some deliveries and off 2 points for others. Grain Market BY the Associated Press. CHICAGO, April 21.—Despite an- nouncement of administration plans for $3,000,000,060 inflation, grain prices took an early downward swing today. | Selling orders predominated in all pits and new buying was in smaller volume than recently. Opening unchanged to lower, wheat soon showed losses of 1!, cents a bushel all around. Corn started % {off to 13 up and subsequently under- went a general setback. Increased buying of wheat developed i 10% | on price breaks, and at times rallied *4 | the market rapidly to well above yes- | terday’s finish. A large part of ghe " |buying on setbacks was attributed to houses with Eastern connections. Reports of highly beneficial rains in some dry areas of the domestic Winter wheat region West and Southwest acted. however, as a drag on the mnrx;kiet. lends of higher prices ed, inevenhelus. that' rains’ mow meant 1 | only surface relief for wheat crops, and that it woul take many recurring rain- s falls to make good the subsurface defi- « | clency ofm.n;ol‘lture. Some authorities asserted or all practical purposes the ending of drought came t.og late to restore conditions in the bulk of hard wheat territory. A sharp fall in the price of silver was without any appar- ent influence on the wheat market. Cogxol_n‘:n?uil u:;lyed with wheat. Vis| acked essive i support. = P — 6% NOTES Secured by First Mortgages Safe—Conservative Wm. H. Saanigrs Co., Inc. REALTORS Dist. 1016 1519 K St. First Mortgages FOR SALE 6% Interest JAMES F. SHEA 643 Indiana Ave. N.W. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. and Indiana Ave. N.W. 70th Series of stock now open for subscription Payments on shares’ $1.00 each, payable monthly James E. Conn , B Couneill % | )| Member of Building Assoet of District of Col Organized 1879 53rd YEAR COMPLETED Equitable Co-Operative Bldg. Ass’n JOHN JOY EDSON, President Assets. Subscriptions for the 104th i JOIN THE EQUITABLE AND SAVE SYSTEMATICALLY Always Remember— you it i3 not what earn, Save That Counts. but what you 915 F e SHARE | dar. WALTER 8. PRATT, Jr., Secretary .$6,251,006.24 Stock Being Received Issue of The Equitable’s Plan of $hugn Thousands now to save and accomplish Results. Join To-