Evening Star Newspaper, April 23, 1933, Page 56

FINANCIAL. BOND LIS SHOWS | Visits Capital T OR SHORT TN U. S. Treasury Issues Reg- 110‘ Int Tel & Tel 4348 ‘58, 18 Int'Tel & Tel 58 '58. Diptgend Rate. 5% 2% The Fair, * 33 TheFair —1083— Net - . ~—1983— Stockand Bales— o 306 10t Hydre Bioc 6 st 28 1G85 B % Ut Pwr & L eh)e . 10 10320 9980 0% arine 68 0% 32 + | Hen Lew . . Close. OB, | " se"vadaco Sales Corp- : Lib 1933-¢ o1 o1 o101 In P VR Y 1 Con . 3 1, 7 ister Slight Recovery—Jun- ier Groups Higher. BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, April 22.—Bonds took & new grip on ascending prices teday, and despite some irregularities and profit-taking flurries, 3 strong under- tone was apparent. While United States securities were s trifle mixed and rather quiet, most of the treasuries added moderately to their recoveries of yesterday. Liberty Loans were hesitant at times, with the 3135 and Fourth 4%s selling off frac- | tionally. Secondary and semi-speculative cor- poration groups seemingly took their cue from another rally in common stocks and recorded gains ranging from 1 to 3 or more points. The gutilities | were a little ragged, as were some of the higher-priced industrials, but most of the rails resumed their climb. Among the best carrier gainers were issues of Alleghany Corporation, Balti- more & Ohio, Chicago & Northwest- ern, Erfe, Illinois Central, New York Centra!, Pennsylvania, Southern Pa- clfic, Southern, Nickel Plate and Rock Isiand. Some bonds of Union Pacific Chesapeake & Ohio and Delaware & Hudson were unsettled. American and foreign power loans ‘Were up & point or more, as were ma- turitics of American Smelting, Amer- ican Telephone, Goodrich, International Telephone National Dairy Products and ‘Texas Corporation. Foreign obligations were highly ir- reguiar. French Government 7s d.ropnln more than 2 pomu while the 7% advanced a point. Some of the Aus- trallans and Japanese lost more thar a point, while the Belgians and Ger- mans were generally easier. INVESTMENT TRUSTS NEW YORK, kAtpril 22 (P).—Over- the-counter market: P— & Gen Sec B & Gen Sec €3 b Am Inc Stocks Ascec Stand Oil' . Bancamer Blair Banker: Nat Inv Bansiclls Corp . Besic Industry British Type Inv Corporate Trust % Corporate Trust A’ A . ™ Tr 5 pupaan 5Pl 303033, r 23 Huron Holding ... Incorp Investors . nvest. Trustea Sh » Low Priced Shrs Bx 250 @ e I8 8ecur Corp um 'S Bt Belected Am Sh Belected Cumul s lected Income S} lected Mnnam‘ TrusL . ‘ Epencer, Trask Fun 4 " &and A “ | than a week ago. Other markets ranged gt Oil Shr. N'Y Bk - 50 per vent. Eastern centers reported NEW YORK BANK STOCKS NEW YORK, April 22 (#).—Over-! the-counter market: Banks. Bank of Manhattan (2) Chase National (2). Commercial (8) Fifth Avenue (*44) First National (100) National City (1) . Fublic (@) ....... id | Asked. | 1B s, RiGoma s Bankers' (3) Br % Pyl .G _& 80) Thifed sfates le *Includes extra. SHORT-TERM SECURITIES. (Reported by Ches. D. Barney & Co.) halmers Co. 5s 103 23 . 3 Co 65, m, % ,.;,““3‘,“2" n e Co. Al m.m c urul i t, 1 'c'y"-'in‘neo iephone 5311 afd gun Northern Ry. s 1 t 55 1034 . Bs 19 a .| There wasn't a halr's breadth of | dredweight. In the main, it was a | mercial centers. 4 FRANCIS H. SISSON, in Washington during the week on busi- ness connected with banking legisiation. He returned to New York without mak- ing any statement in detail or the pur- pose of his call. LIVE STOCK PRICES AT RECENT LEVELS Market Fails to Join Upswing| in Grains and Cotton. BY FRANK 1. WELLER, Associated Press Parm Editor. The spirit of inflation evades the stock yards. ‘While cotton and grain markets have been soaring to new highs for the sea- son, live stock values have been lim along under the dead weight of uf gish carcass trade. Cattle prices d | well to break even with a hogs frankly went to new lows in ln» stances and lambs hit the customary | post-Easter skids. change in fat cattle at Chicago. Long yearlings topped at $7, the same as & week ago, and likewise comparatively few sold for more than $6.25 per hun- $4.25 to $5.75 market, whereas a week ago the bulk turned at $4.35 to $6. The big markets farther West duplicated the Chic: trend but on price levels averaging lower, according to their dis- tance from eastern consuming centers. Receipts Are Large. Chicago had the biggest run of cat- tle since mid-December and the dressed beet market was sluggish and unevenly lower. It showed increased numbers ./ of common and medium grade offer- \ln&s which continued to scll at $4 to {8430. There also was a little larger | zupply of good to near-choice yearlings and light steers selling at $5 to $5.75. Surh offerings dipped on Kkiller account but promptly got support from repiace- ment buyers who for weeks have been short of qualities steers scaling 700-300 pounds. Shippers always were on the lookout for strictly choice yearlings and light steers, but the available supply was in- significant, suggesting that the crop from now until July may continue rela- tively small. The liberal run of bull- ocks, however, discredits those prophets who have been foreseeing & scarcity of heavy steers. Replacement demand had broadened | but the avallable supply of suitable cattle still is very short. Finishers in iturn to catch the fat market during the next few months when prices are ts work consider-bly high '_| raently thete twe-way cattle ! teken actively by killers. Since th2 financial sitiation hes beo mended and mcre country banks cpened, countrymen have b-come in- torested in grazing cattle at all mar- kets. Taking the big feeder markets as *,a whole, more cattle have been going out since January 1 than a year ago. Increased recéipts of hogs and a dull demand sent prices to new lows of the scason at Chicago when the top stood at $3.75 at midweek. The trade took on bullishnes later and much of the decline was recovered but closing values were weak to 10 cents lower fromr 5 cents lower at Omaha to 25 i cents lower at Bast St. Louis. New Crop Hogs. A noticeable change took place in the week's run of hogs, there being fewer big weights and more of the new crop. Estimates placed the percentage of Fall pigs in this week's supply at as high as 75 to 90 per cent. The average weight at Chicago dropped from 256 pounds to 237 pounds and the closing top advanced to $3.95—the same as & week ago and 5 cents under | the pecak established on April 14. The general price tendency for slaughter sheep end lambs has been ; downward since Easter. In other words, { Spring lambs toppled in the usual sea- manner and got down to a regu- lar instead of a holiday basis. Fed lambs declined 10 to .15 cents and Spring lambs worked 50 to 75 cents lower on most markets. Native springers did not pass $7 on the late sessions | at_Chicago. i It seemed to be the idea that live- stock values could not rise as did cotton | and grain because the preduct was per |mub|e from day to day and reguired llm:rued purchasing power in com- EARNINGS REPORTED. NEW YORK, April 22 (M.—Per shure earnings of corporations in the past week with com vmh the previous year incl (ollcwing Leader of America’s banking forces, wase 53 artar ended March 31, S0 EencraEmestle fid Texas,! °“’{; ulshisr 3 on Ami Corp. ki wbortd Of Tpelawas : ,' it & 3 oum“ ? pid. 1 15 ational o Ql Bl : B | Bt mrery t*| Advance in Silver Futures Wipes Out Losses of Friday By the Assoclated Press. NEW YORK, April 22—A: rush of buying at the close of the market day lifted silver futures S 8 1944-64. Us1ser-idl] Am IG Chem 53’4 66% Am Internation 5""‘.-. 78 Am Sm & Ref b: b 51 92% Am Tel & Tel 55°¢5. 991 Am Tel & Tel §}%s 76 Am WIW & Ecol tr P - 55 B&OS W Div or & Aroos ¢s '51. via Pe olmfl‘ 4 8 ¢ Brazil 643 1926-57 Brazi] Cent Ry 86 Brazil$s°4l. .. Bklyn Edison 6s A Brooklyn Man Tr 68 A'u Buenos Alres prov Calit Packing 58°40. Canada ¢ Canada § Canada N uonnldu.l . ‘Canada Natl 58°69 Juiy.. Canada Natl'5s ‘89 Oe 4 Canad North deb 83 Canad Northn deb 78°40.. Canadian Pacific ded Canadian Pacific 51 5 Cent Pacific 1st rf 48°43.. Central Pacific 58 60 Certain-teed deb 5% 8% ChiM St P & Padjbs. 15 Chi& No Wn 438 2037... 15 Chi & No Wn IKICZO“.-,. I% Chi & Nwn 4%8°49 181 CRIR ) w,-'iz .o Chi Rock 18] 4448 60, Chi Unton Station 4 Chicago Un Sta 103% Chi Un Station 63! §9% Chi & West Ind con 67% Colo & Sou ref ¢ 66 Columb G & E b8 623 )ll]. 10 Cuba North 6% 88 Csechoslovakia 8 67% Del & Hud ref 4s°43... 58% Denmark ;‘i s 'll 75 Denamark ¢ 27 Den & Rio Grand onds. . 8% 88.... 1 Dodge ev deb Dugquesne 15t ¢%48 Duguesne 4148 B '§7 Dutch Egst Indies Dutch Eaat Indles 9314 Fiat 78 894 Finland YI '50. Fisk Rubber &8 Flor East Coast French i Bank ¢ amoncmunumy 0 83% oucnuln ‘l.. 25 German Gen El 381% Goedricb 8s 4! 62 Goodrich (BF) & Hudwon cau bs-62., . Hudson & Man adj 58 '57. Hudsen & Man rf $8°87.,. Humble Oif deb ‘1. 111 Bell Tel 1t PP88 A ° Iliinois Cent et 48 ‘58 Tolaad sieel CRUA n . nur Rap Tran vef §5°0¢. Tram 68°ss... v 7838, vress108 Italy 78 '81... Italy P U Credit 7 0 Japan 8%s 65, Japanese 848 Kan City South Kan City 'hrn Mo Kan & Texadj MoKan& TEs A ‘63 Mo Pacific gen 48 Mo Pacific rf Mo Pacific 58 H Mo Pacific 55181 Mo Pacific 5%s A Montana Power 68 North Pacific 4%- 2047, North Pacific 63 2047 North St Pwr 1sg Nor 8¢ Pwr 1t on ‘Wash R RA& 31% Orient (1] 35 Orient6s°8s... 106% 99% 107% 101 108% 1001 4% Phila E1 Co 4s Phil & Read C& I Phillps Petroim §3 Poland 68 '40. Poland 78 '47. Pub Serv Gas ¢}4s Pure Oi1 533587 Queensland Queensiand 7s°41. Reading 4348 A 97, Rem-Rand 6%s A 47 ww. Rhinelbe Union 7s ‘46, Rhine Ruhr 6553 Rhine Westphalia Rhine West EI P Richfleld Ofl Cal Rio de Janeiro 85°46 4 Rio Grande Do Sul 88 Rio Grand West RIATK& L 1st 4%s Rome 834852 Royal Dutch 4 Rumania 7869, K SLIMASR&G4s°83 Saxon 7845 Seaboard A Sinclair Ol 6%s B '!l Sinclair Ol 7s A ‘37 Sinclatr Pipe Line Skelly O11 5148°39 Southern Bell TAT 58’41, Sou'west Beli Tel 58 A 'N lg:% South Pac Ore 434 Southern Ry g n’Cl ACH Southern Ry South Ry 63 % Swéden 5% s 54 Switserland 5% Tenn Copper Tenh EI Pwr as Third Ave 1st ref g‘m Third Ave adj ne 41 ‘Toho Elee Pwr 7i 48% 33% Tokio 5%s’61.. 44% 30 Tokyo Blec Lt 6s's3 104% 94 UnEIL&PG5s’ST 105 100 UntonEIL&PE% 100% 90% ”va m 51° 29% U S Rubber 58 Unit 8t Wk nnA'fl.. 29% Unit SA Wks 84 A ‘81, 50 Upper Austria 78°¢5.. 15% Urugudy 8s°60. 16% Uruguay 6s°6: Power&Light I8 2228~ 2358 e & % Thompson Starrett. . 12 Thompson-Staret pf. 3% Tide Water Asso Ofl. 231 Tide Water Assoc pf. 94 Tide 45 Tide Wat Oil pt fl) x ‘1% Timken-Detroit Axle 45 18% Timken Roller Bg(1) 562 2% Transamerica Corp. 411 2% Trensue & William: 2 v 9% Und-Ell-Fisher(50c) 68 76 Und-El-Fish pf (7). ao-- 8 5% Union Bag & Pap 19% Union Carh.&C ll).. uu 81 Un Of1 of Calif (1).. x 401 61% Union Pacific (§).... 56 Unlon Pacifie pf (4). 10% Un Tank Car (140).. 16% Unit Aircraft.....\, & 9% 51% Unit Afreraft pf (3). “18% United Biscuit (1.60) Unit Dyewood. Unit Eleetric Ce Unit Fruit €2). Unit Gas&Im (1. Unit Gas&lm pf (5) Unit Piece Dye Wks. Unit Pce D W pf 8% Gypsum (1).e.0e 208 Hoftman. . Ind Alcohol. . Leather. .. f.eather (A). Pipe&Fdy (50¢). P&F 1st pf1.20.. Leather pr pf Rubber 18t of ... Smtg & Ret (1). Smtg&Ref pf 33 ccececcacaeaca wwwne kL nneonn Unit Stores pf (3 Univ Leaf Tob (2).. x .‘ Univ Leat Tob pf(8). 1008 Uniy Pictures 1st pf. 1108 Univ Pipe & Rad. ... U Uniy Pipe &4 Rad pt.. 90s Utah Copper........ 90s ¢ Swift International (2). Swiss Amer £l pf. ‘Taggart Corpora Tampa Eleo (3. 2% Technicolor Inc. % Tob Sec Ltd (kd6 4-5¢) . Tob Sec Ltd def k6 7-10 Todd Shipyard (1) ‘Trans Air Trans. TransLux DL PS. Tri-Contl Corp war. Tubize Chatillon Corp. Tung-Sol Lamp. .. . Union Am Invest Un-Gas of Canad Unit Chemical pt pf. Uit Corp wal Uhit Founde: Unit Gas Corporation % Unit Gas Corp war...... ted Gas Corp pf (1).. Unit Lt & Pwr pf. . United Milk Prod pf (3). Unit Profit Sharing. ... Unit Shoe Mach (34). U 8 Elec Power ww., U 8 Elec Pwr (war). % U S Finishing. .. 24 U S Foil (B) (20¢c). & U S & Internatl Sec Wileox Wright 1 3 Zenith ] nts bazed o Dayments base oy " el "nuv m‘:l:\“r 81415t year—ac resu AR aaadl FEFFET EX 23 Webster Eisenlohr.. 10 Webster-Eisenlhr pf. 36s Weésson O & Sn (80¢) 177 Wesson O&Sn pf (¢). 11 West PaElecA (7).. 2608 34 West Pa Elec pf (). x 1508 35% West Pa Elec pf (7). x 6309 43% West Pa Pwr pf (6). 1408 85 West Pa Pwr pf (7). 2008 96 2% Western Dairy pfA.. 10 4 % Western Dairy pfB.. 10 1% Western Marylend 205 8% Western Md 24 pf. Weatern Union. Westing’se Alr B Westinghouse Elec. . 1190 Weastingh Weston Elec Instru Westvaco Chlorine. Wheeling Steel. Wheeling Steel pf. White Rock M 8 (2 White Sewing Mach ‘White Sew Mch pf Wileox Oil & Gas..... 2!& ACH). sd1st (3%) 360- Worthington Pump.. 18| Worth’a Pump pf A.. l‘ Worth'n Pump pf B. . Aeronautical 220\ u% Wrigley (Wm) (3)..x 10 5‘4 7 nhb‘l‘owmuoo).. 34/ 24 Yeliow Truck.. 7% Youngstown Sh&Tn. dio. . 514 3% Zomite Products. dend rates As eiven in the abo t4ble pohts bated on the Ibcest aus 'm r‘nun-mm mm-ufln than 1 Partly ext: by CRgoh Low. Close \ US Inter Sec 1stpt. |... 201 U 8 Play Card (1) 1 Unit Stores v.te.... % % Ttility Ttility Utility R 4l - o FEXS B Frlsxwr? Fs o, 3 ;50. FREELTES R = 41 + - & I\xmnu GRADUAL BOND RETIREMENTS BY GOVERNMENT HELD LIKEL $6.250,000,000 May Be Called on Six Months’ Notice. giving six months’ are lhlt ‘it will be re- vantageous ex- ‘The prospects it | per ures bet nred wdmlly and ltdm; holders of _‘fi:e oL l:? * uh such as were provided when loans S, Do R form_are to “K\"” with the exception of “1.” of the outstanding bonds g one or more series of let- might be designated for call the next five years, On account of past ocvm:‘nfi ) ) u\iu\le ‘which tglm of the na- Sonditions 3‘&3"&"‘;‘&""““& wai °mml.n un m and offer in exchange other Govern- wtbonfiwmr.htmho lers of the Fourth Liberty 4%s would be must be paid when & desen different issues of dis- | count bills and eertificates of indebted- ness mature. The largest individusl amounts fall due in the seeond half of 1938 and most of it after SBeptember 15 G m includes four issues of certificates indebtedness, of whith one bears & enupm ot 4 Tg:r cent lnd another 43 t bills will be replu:ed with others lnd at rates m: aceord with the mmy market at the time they are offered. ' The cettificates are mcre of a problem, as they involve substantial individual amounts and it them 87 and thersdy reducing |33, the service of its débt about §70,- 000,000 & year. lumuey" in this : neéed not, bowem prévent it ln‘lnlon, ] comwbucun money that is now in ?alrdm M!nuflyom-afll muomfi" ment debt is held by the banks of the country. (Copyright. 1933.) e Lo VIRGINIAN RAILWAY NET m other short-term ik i 1 s s | i | LOWER DURING YEAR has issued its pamphlet report year énded Decem- Der 31, 1932. Balance sheet as of De- cember 31, last, shows total assets of $165,846,001, comparing with $165,619.- on December 31, 1931, sfd profi loss surplus of ,119, agiinct 651,008. R SEE H regular rate. m Plus resular 3 Equities pf| & Ind. & Ind Df Venezuela Petroly Voght Mfg Co. Waitt & Bond (Bf. Walgreen Co (1) williams (R§) /.. Wil-Low Caf '-“ 18 ! 5% - 13% MO N+ s & & & based on last quarterly or semi-afnusl jus 4% 1n st0tk. a Payable in cash or P:unhhuan. € Plus 8% In stock % in etock. Kk Pald this yesr—no in stoek D Plus 8% in steck D Paid Grain Market D5 the Assoclated Press. CHICAGO, April 22.—Sensational advances in wheat quotations at Winnipeg helped to whirl wheat upward in Chicago late today. ‘Traders here were inclined to look for & decided narrowing of the differ- ences between Chicago and Winnipeg prices, and word of the opening of lake navigation from Canadian ports was also a stimulus. Inflation moves at sgain came to the front, and tended further to bring about & revival of big speculative demand. Houses with Eastern connections were on the selling side of the wheat market early, and some stop loss orders were executed. Standing instructions to buy on declines, however, were met with from various sources, and led later to | rallies which lfted prices to well above yesterday's finish. Strength displa by Winnipeg wheat quotations, together with upturns of cotton and silver mar- kets; had a noticeable etimulating effect on wheat. Advances soon carried wheat prices to around 2 cents a bushel up from urly bottom figures. Helping to arouse ng were Washingion reperts thn administration spokesmen made no bunu as to avowing a determined to put commodity es up. mendt of higher prices ui also that effects of actual inflation were yet to be encountered, and that up to the present wheat had eount o!n:}’g; ouv.s paralleled upturns of whnt ¢ Provisions sympathised with action of ‘Wheat closed strong, at th s tof figure, 13,a2% ;enu hlzher' d‘: m‘: lfl"%.‘l."l finish; corn, %ald, up; oats, vanced, and provisions . of 6 to 20 cents. el en. High. Low. C AR gL 0 [66% 60 5y, ATLANTIC COAST LINE OFFICERS RE-ELECTED and directors of the Atlantic were re-elected in i E él by fa BT s 3 Inter GtiNor ad$ 88 881 Fypseeaeesy i i 8 j !