Evening Star Newspaper, April 26, 1933, Page 15

FINANCIAL, BONDS IRREGULAR ON PROFIT TAKING U. S. Treasury Group Is| Steady—Foreign Dollar Loans Lower. BY CHARLES F. SPEARE. Special Dispatch to The Star. BOND UNITED STATES. (Sales are in $1.000.) High. Low. 101 10131 102 17 96 10 9717 100 16 100 20 100 12 10220 10417 107 20 Lib3%832-47... Lib 1st4s 32-47. Lib 4th 4% 8 33-38 T - NEW YORK, April 26 —Considerable | irregularity characterized the move-| ments in all classes of bonds today. The | market has lost some of the speculative | character of last week, and profit-taking | on a substantial scale has replaced the | heavy buying that followed the first re- | sponse to gold suspension. Special issues rather than groups of bonds are now prominent, with sharp advances in a few | in contrast to wavering tendencies in| others. The United States Treasury list was| on a more normal basis. with fluctua- | tions of small size, but with the market | for most of the issues steady. The first Liberty 3'.s touched 101 early in the| day. ‘The fourth Liberty 4lys were| slightly lower, while insignificant gains | occurred in the premium and discount | loans. Announcement was made that the new 27,4 per cent 3-year notes have been oversubscribed Foreign dollar bonds were generally lower in the first half of the session. | Loans of countries still on gold were | heavy as well as others. Belgian issues were significantly weak, with declines of 11, points in the 7s. French 7s lost | 2 points. Dutch 6s and Italian 7s were | each down a point. German government bonds and othcr German issues lost 1/ to 3 points. Canadian government 5s have been slipping for several days and are close to the low of the year. | In the domestic list a feature again | was the strength of the bonds of the | communication _companies. such as | Western Union 5s, Postal Telegraph 5s and International Telephone 415s. An- other strong spot was the Warner Bres. Pictures 6s, at the high of the year, showing a 100 per cent gain from the | Jow. Oil bonds were heavy except Sin- clair 7s, which rose a point. National Dairy Products 5',s and Goodrich 615s made small advances while American Smelting & Refining 5s, with a point rise, touched the best figure of the year. | The railroad list was extremely ir- regular although there were more gains in it than losses and high-grade issues acted well. The largest advance in any active member of this group was” in Chesapeake Corporation 5, Wwhich | gained 2 points. Rock Island issues | were steady on the announcement that | May 1 interest would be paid. Cana-| dian Pacific loans were heavy. Washington Produce WHOLESALE PRICES. | Butter—One-pound prints (93 score), 27, tub, 26; one-pound prints (92 score), 26; tub, 25; one-pound prints (91 score), 25; tub, 24; one-pound prints (90 score), 24: tub, 23. Eggs—Hennery, 12'2al3; current re-| ceipts, 1115a12; Government graded, extras, 18'.; standards, 16'z; mediums, 1 hens, 15; ! y, alive—Turkeys, ! 12a14; toms, 10; chickens, | hens, 12a13; Leghorn hens, 9al0;| Toosters, 6a7; Plymouth Rocks, broilers, 15a2512; Leghorn, broilers, 19a21: fryers, 17a19; roasters, 17al9; mixed colored chickens, 14al6: keats, young, 25a40; old, 15a20; capons, 25; slips, 18. Poultry. dressed—Turkeys, hens, 18; toms, 13; chickens, hens, 15al6;| Leghorn hens, 13: roasters, 9al0:| Plymouth Rocks, broilers, 18a28; Leg- | horn, broilers, 22a24; fryers, 20a2l; | roasters, 20a22: mixed colored chickens, | joung, 28a43; old, 18a23; | capon: lips, 21. Meats—Beef, 11; veal, 11; lamb, 12; | Spring lamb, 15; pork loins, 10; fresk | hams, 12; smoked hams, 13; strip bacon, | 712; compound, 7. s, light. 3.60a3.75; me- | . 3.50a3.90; pigs, | 2.2533.60; roughs. 1.50a3.00; calves, 2.00a 5.00; Spring lambs, 4.00a7.00. Fruits—Cantaloupes, 6.0 melons, 75a1.50; peaches, 1.5 box stock, 1.50a2.00; pears, alligator pears, 3.00a3.50; bananas, | 1.50a2.50; oranges. 250a3.50: lemons, 4.00a4.50; grapefruit, 2.00a350: grapes, 3.50a4.00° strawberries, 3.50a6.00; pine- apples, 6.00; rhubarb, per _dozen bunches, 50; cranberries, 3.25; honey- dews, 1.75a2.25; limes, per 100, 2.00. Vegetables — Potatoes, Maine, 1.25; New York, 1.10; Florida, new, barrels, 4.5025.00; Idaho bakers, 1.75a200; sweets, 50a60; cabbage, new, 1.00a1.25; turnips. 75; parsnips, 1.25a1.50; celery. 2.5022.75; lettuce, Iceberg, 3.2523.50; Florida, 1.25a1.50; string beans, 1.50a 200; limas, 1.50a2.50; eggplant, 2.758 3.00° tomatoes, repacks, 3-pan, 2.00a 3.00° lugs, 2.50a3.25; caulifiower, 1.60a 175° carrots, crates, 125a140; beets, | crates, 1.25a1.40; okra, pan, 75; aspara- ; spinach, 50a75; kale, 40a | Spring onions, per 100 bunches. squash, 1.00a2.00; salsify, per dozen bunches, 60; cucumbers. 5.00; hothouse, 2-dozen boxes, 2.00a2.50; pees. 1.75a2.00. water- apples, .00a3.50; New York Cotton Bpecial Dispatch to The Star. NEW YORK, April 26.—Opening cot- ton prices here today were off 12 to 14 points. In the Liverpool market prices | were steady in moderate trading. | Initial quotations were: May, 7.32, off 14: July, 7.51, off 13; October, 7. off 14; December. 7.86, off 13: Jan ary, 7.95, off 12; March, 8.08, off 12. Washinaton Stock Exchange SALES. Washington Gas 55 '58—$500 at 8115 $500 at 811, $500 at 81':, $500 at 8115, ‘Washington Gas 6s B—$100 at 104. Mergenthaler Linotype—!1 at 23%. 10 at 2415, 10 at 247, 10 at 241g, 10 at 247, 10 at 2415 AFTER CALL. Potomac Electric 5!2% pfd.—8 at 106'2. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Asked. Amer. Tel. & Tel. 4135 101 Am. Tel & Tel cil. tr. 10 Pot. R. R Ana. & Pot. ©. & P. Tel. of V: Capital Traction R. R. City & Suburban 5s. Georgetown Gas 1st_ Potomac Elec. Cons Potomac Elec (is 1 Barber & Ross. Chevy Chase Ciub 545 Columbia Country Club’ 5 D. Paper_Mfg. 65....... W. M. Cold Storage 5s.. STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel Capital Traction Co.. Wash. Gas Light Co. & W. Steambo: T, b Wash. Ry. & El_con o ‘Wash, Rwy. & Blec. pfd. (5. MISCELLANEOUS. Emer. Bromo-Selz. Lanston Monotype. Mergenthaler Linotype (33100 Peoples Drug Stores pfd. .. Wdwd. & Lothrop. com. (1 Wdwd. & Lothrop pfd. SEx dividend, bBooks closed. 5% extra. -1 ra, 1% extra. Ab & St5%s " Adams Exp 4s "48.. Alleghany 5s'44,. Alleghany 5s°49 Alleghany 55 °'50. .. Allis-Chalm 5s'37. Am Beet Sug 65'35. AmF P 552030.... AmI1GCh5%s'49. Am Metal 5168°34. Am Sm&Ref 5847, Am Sug Ref 6s°37. Am T&T 4%8°39.. Am T&T c tr 55'46. Am T&T deb 55’60, Am T&T deb 55 '65. Am T&T 514543 Am Wat Wks 5s" AmW WE&E Antloquia 7s"45. .. Argentine 5135 '62. Argent 6s°61 May. Argentine 6s Argentine 6s Argentine 6s A Arm & Co 4 9. Arm Del 5%s'43. .. Atchison gn 4s°95. Atchison 4135’48, AtIC L 1st4s’52.. At1C Lcol 45’52 AtICLun4%s'64. Atl Gulf&WI5s'59. Atl Ref db5s°37... Australia 4143'56.. 66 Australia 5s° 1 'y B& O 4%s 60 B &0 Swdy5s'50. | B & Toledo 4s'59... Batav Pet 4%s'42. Belgium 6s 55 Belgium 7 Belglum 7s Bell Tel Pa 5s B'48. 3 Bell Tel Pa 53 C'60. Benef Loan 65 "46.. Ber!in Cy EIl 6s°55. Berlin 615550 33 Berlin C E1 614851, Berlin CEl 6138'39. Beth Stl rf Bolivia 7s '69 Bolivia 85 '47... Bordeaunx 6s'34. Brazil 614 Brazil C R Bklyn Ed 5s Bklyn Elev 6% BkIyn Man 65 A 68 Bkiyn UnGas 65'45. Bklyn Un Gas 55’50 Bklyn UnGas 5s'57. Budapest 65 '62.... BR& Pitts 4%s Bush Ter con Bush T Bldg 55'60. Canada 45 '60 Canada 4%s'36. Canada 5352 | Can Nat Ry 4128’51 Ry 4325’54 at Ry 4158'57 at Ry 413368 Can Nat Ry 4% 8'55 Can Nat 5369 July Can Nat 55 '69 Oct. Can Nor deb 7s "40. Can Pac deb 4 Can Pac 414546, Can Pac 435 '60 Can Pac 5s'44 ctfs. Can Pac 58 °54.. . Cent Ga cn fis* Cent 111 E&G 5s " Cent Pac 1st 45°49. | Cent Pac 53 60 Cen Ry N7 g Cert-td db 5 Ches Corp 53 '47 C&Ogen 4148°92 C&O4%sB’9 C & O con 5s°39. CB&Qgn4s’” CB&Q4%s 55 Chi& Est11158'51.. 6 Chi Grt West 45’59, 5 C M & StP gn 4s'89. 21 Chi M&StP4%sC 4 Chi M&StP 4% 29 C M&StP 4% CM&StP ad 6s 2 W gn 3155'87 16 Chi & NW gn 4s'87. 5 Chi&NW 4%s 2037. 19 NW 4155C'37. 1 W 43 5"49.168 Chi&NW rf 552037 5 W 61%5°36.. 8 Chi RI&P rf 4s'34. 26 ChiRI&P41:8'52 T ChiRT4%s'60 5 : SE 1 CTH&SE in 55 '60.. Chi Un Sta 41563 Chi Un Sta 5s B'63. Chi Un Sta 6%5'63. C& W Ind5%s'62. Childs deb 5s°43 Chile 65’60 Chile 6s '61 Chiie 6s°61 Jan. Chile 65’61 Sept. Chile 63°63 Chile 7842 Chile Cop d Chi Mtg Bk 6148°57 Cin Un Trm §s 2020 CCC&St L 41%:sE'7T Clev Term 4%s'77. Clev Term 5s B '73. Clev Ter 5% sA'72.. Cologne 648 Colomb 65’61 Jan.. Colomb 6s°61 Oct. . Colo & Sou 4148 '80 Col G&E 5s '52 May Col Gas & E 55 '61.. 2 . e anwiRaSvare5Soe Con G: Con G NY 5%s Con P Jap 6%s Con Pow Jap 75 "44. Cuba 5%5'45. Cuba R R 1st 5s'52 Cuba RR rf 7%s'36 Cuba Nor 5%s'42.. Del&Hud ref 4543, Del & Hud 5%s"37. Del Pw&Lt4 1 Denmark 4%s '62. Denmark 5%s'55. Denmark 6s'42.... D&RG W 5i D&RG W5s’T8.. Det Edison 58 '52.. Dodge Bros 6s 40 Duquesned % sA’6 Duquesne4 13 sB'57. Dutch East I 7. Dutch East 16s'62. Erte Con 4s " Eriecv 4s A Erfe 43 B*63 Erie gen 4s Erie ref s Erle ref 58'75 Flat deb 7s 46 Finland 5% French Gv 78°49. French Gv 738’41, 25 Gelsenk'hen 6s°34. 4 Gen Baking 6%5°4¢0 8 Gen Cable 5%s'47. 9 Gen Th Eq 58 "40. 3 Ger Cent Bk 6s'38.. 4 Ger Cen Bk 6s'60J 16 Ger Cen Bk 6s 0 36 38% Ger Cen Bk 75'50.. .3 . 524 122 126'4 THE EVE ON NEW YOR STOCK EXCHANG Received by Private Wire Direct to The Star Office. Bales. High. Ger Gen El 78 '45 9 Ger Gov 5%s German 6%s Ger Gen Elec 6548, 2:55. 47.. Goodyr Rub 58'57. . Grand Trunk 65'36. 15 Grand Trunk 7s'40. 20 Gt Brit&Ir 5%s '37 170 Grt Nor4%sD'76. 1 GrtNor4%sE"77. 15 6 Grt Nor 5%s Grt Nor gn 7s'36.. 100 Hudson Coal 5562, Hud & M adj Humble O11 55°37., 111 Bell Tell s '56. . Il Cent rf 4s'55.., 111 Cent 4% s Il Cent 615536, Il CCStL&N 4%s. . Il CCStL&N 6sA. . 111 Steel db 434 8'40. Inland St43%s A'78 Inland St 4% s B'81. In* Rap Trrf 5s'¢6 Int Rap Tr 6s'32 Int Rap Tr 2 Int Cament bs Int& Gt N 5s B'56. Int & Gt Nor 6s'52. Int& G Naj 6s'52. Int Hydro El 6s'44. Int Mer Mar 65 °41. Int Pap ref s A'47. Int Pap 6s°55. Int Ry C A 5s'72 nt T & T hs '55. Ttaly 7s'5, Italy Pub 7 Japanese 51565 Japanese 6 Jugosl Bk 7s Kan C F S&M 45°3¢ Kan C P&L 4%s '61 Kan City Sou 5s'50. n City Ter 4s'60 stadt 65 ‘43 Kend 5%s'48 w Kresge Found 68'36 Lack Stl 5s A '50 Laclede Gas 55 '34. Laclede 58 C*53. Laclede 51s D '60. Lautaro Nit 6s ‘54. Leh Valcn 45 2003, Leh Ven 4352003, Leh Valcn 5s 2003, Lig & Myers 5s'51.. Lig & Myers 7s "44.. Loew’s 68 *41 Lorillard 7s'44 La & Ark 5s 69 Lou G & El 55 A'52 L & N unt 43 '40. L &N 4335 C2003.. L & N rf 5152003, Lycns 63 °34....... McKes & R 51 5'50. Manhat Ry cn 4890 Marseille 6s'34. . Midvale Stl 55 Milan 6145 °52. ... Mil E Ry&L 55 °6 MSP&SSM cn 4s '38 MSP&SSM 55 gt'38 MK&T41:5'78 MK&T53A " MK & T adj Mo Pac gn 4s°'7 Mo Pac rf 55 A 6 Mo Pac 5s F "17. Mo Pac 55 G '18. Mo Pac 5s H '80. Mo Pac 55 1'81 Mo Pac 534S A "49.. Mobile-Ohio_js '38. Mont Pow 55 '43. .. Mort Pwr 55 A"62. Mor&Co 1st 4145'39 Nassau Elec 4s 51, Nat Dairy 5%5'48. Nat Steel 55°56.. N Enz T 1st 58 '52. N J Power 6560 NOT& M5s B! NYC&StL5%SA'T4. NYC&StL 1st 65'32 N Y Edison 5s B'44 N Y Edison 5s C'51. Tl 6348 41, Y EL H&P 4s'49. Y EL H&P 55 '48. Y NH&H 4557 Y NH&H 4%s" Y NH&H clt 65'40 Y NH&H 65°48. .. NY O&W gn 4s'55. NY O&W rf 4s°92. N Y Tel gen 43%s'39 NY W&B 418 Nord 6%s '50 orf Sou rf 5561 r & Wncn 48 '96. Nor & Wn div 45’44 North Am Co 55’61, Nor Am Ed 53 C'69. Nor Am E 515 '63. Nor Ger Ltd 63 "47. NorOT &L 6s'47. Nor Pac gn 3s 2047. Nor Pac 45 '97..... or Pac r 1 6s 2047, or St Pw 5s A *41. Nor St Pw 6s B '41. Norway 5145 '65... Norway 6s 43 Norway 6s°'52. Ore Sh L 5 gtd *46. Oreg-Wash 4s ‘61 Orient Dev 53%s'58. Orient Dev 6s°53. . Owens 111 G1 5839, Pac G&E 55’42 Pac T&T 1st 55’ Pac T&T rf 63’5 Pan Am Pet 6s'40.. Paramount 65 *47. . Param-Pub 5 %8'50 Paris Or 5%8 68 Penn sta 4548 . Penn 4%s D’81... Penn cn 43860, ... Penn gn 4%5'65 Penn 4%s D'70 Penn 4%s'63 Penn 63336 Penn P&L 43381, Peop Gas ref 55 '4T. Pere M 1st 58'56. .. Peru 65 '60 » ) » — plepRurRacetalnnrannan prala HanBE N Phila Elec 4s'71 Phila & Read 63 Phillip Pet 5% 839 PCC&StL 4%5 C17 Poland 65 '40. Porto Alegre 8s'61. Pos Tel & C 53 '53. .26 Prussia 685! Prussia 6%3 Pub Sv G 4%s Pub Sv G 4%s’7 Pure Ol 5%s 37, Pure Oil 535 '40. Queensland 7s"41.. Rem R 5% sA’4Tww Rhinelbe U 78°46. . Rhine Ruhr 6s'53.. West 6s'52.. Rich Oil Cal 6s°44. Rio de Jan 6%s '53. Rio Gr W clt 4s'49. Rome 6%s 5. StL IM R&G 4s'33. StL&SF4%s°78. 15 StL SF 4%#'T8ct st 113 St L&SF 68 B '52;.. 20 St P Un Dep 58°72. San A& AP 4s’43. Saxon 7s ‘45. SeabALrf4s Seab A L adj 5 388 52% 291 29 5 6 66% 45'% 81 5414 | 4 2 BUYING OF STOCKS . ONBROADERSEALE 41 Observers Compare Present Trading to Start of Cool- idge Bull Market. By the Associated Press. NEW YORK, April 26.—Wall Street brokers may be described as “nervously 1 happy"/over the abundance of commis- slons which have been dum; into their laps since the middle of last week. Having had their share of trials and disappointments, and having seen the public interest in security and com- modity markets almost at the vanishing point, the brokers admit they feel that there is something fantastic, something unreal, about the great public scramble to buy equities and staples. espite the golden stream of commis- sions, the brokers fear to permit them- selves a sense of jubilation, lest the whole affair turn out to be just an inter- lude of pleasant creams in the long nightmare of shrinking business. It is agreed in most Wall Street quar- ters that the present resurgent swing in markets is made of different stuft from that which brought about the periodic jumpy and short-lived rallies of the past two vears. From all indications a con- siderable section of the public is in the markets at least knee deep, which dis- tinguishes the present affair from the earlier swings brought about largely by the buying of professional operators. Call it the new deal market, or the inflation buft market, or give it any name you will, it is a part in form and substance, the brokers insist, from any- | thing that has been seen before. The things that have been going on | in ‘the stock market, despite their un- precedented character and background, supply both a contrast and an analogy to the Coolidge bull market which started in November, 1924, according to some Wall Street observers. ‘The resemblance is in the broad re- entry of buyers after three or four difference is in the feeling of insecurity and uncertainty with respect to the dollar which is the motivating influence of the present buying wave, as against the confidence and optimism which generated huge buying in equities in 1928. Incidentally, the great expansion in business has helped to ease the finan- cial district’s employment problem. A fair number of workers have been re- called to take up their old duties as margin clerks, bookkeepers and so forth, and if the volume on the Stock Ex- change continues at anything like the present rate for a few weeks more, many rbnnre jobs will be created, in all proba- ility. The brokers, however, have not for- otten the. evanescent boom of last Summer which some of them felt marked the turn in the tide. The move flattened out as suddenly as it began and most of the newly hired workers were agiin turned loose. Grain Market By the Associated Press. | CHICAGO, April 26.—Quick rallies in | grain values took place early today after two setbacks at the opening. Initial weakness was ascribed to a se- vere break in British exchange, and to | weakness of silver, cotton and securi- ties at New York. Wheat buying was based largely on prospective -prompt senatorial approval of inflation. Opening unchanged to 11, down, wheat later rose above yes- terday's finish. Corn started unchanged o 5 off, and subsequently advanced. In a broad active market with pur- chasing led by Eastern interests, wheat soon mounted in some cases to about two cents over early bottom figures. New strength in stocks and rallies in cotton helped to lift wheat. Attention was also given to advices that despite rains, the crop outlook continued bad | in Kansas, Oklahoma and Texas, with indications that throughout the bulk of dry territory the rains came too late. Predictions of enlarged demand for immediate delivery of domestic wheat to mills were current. This was as- soclated with announcement that the Red Cross had ordered out the last of its wheat. Word that the Anglo-Rus- |sian trade war was in effect today, shutting out Russian cereals from Great Britain, was construed as bullish regarding wheat in North America. Corn and oats ranged higher with wheat. Provisions averaged lower, responsive to action of hog values. Sales. High. SeabA L 6sA'45.. 16 Serbs-Cr-S17s°62.. 1 Serbs-Cr-S18s'62.. § Shell UOl1 6°47.. Shinyetsu 6345 '52. Sinc Oil 6% s B'38. Sinc Ofl s A '37... Sinc P L 5s’42.... Skelly Oil 5%3°39. Solssons 65°36. ... Sou Bell T&T 5841 Sou Pac col 45°49. Sou Pac rf 43’55 Sou Pac 4%s68... Sou P 4%3 63 ww. Sou Pac 4% 81 | Sou P&Or 4% Sou Ry gn 4sA’ Sou Ry 5s'94. Sou Ry £n 63 '56... Sou Ry 6%8°56. ... Sou Ry M&O 4x'38.. SW Bell T 5s A ‘54, StOll N J 6546 StOINY 4% Studebaker 63 "42.. Sweden 5% '54 Swiss 514846, . Taiwan E P 534571 Tenn Cop 68 B '44. . Tenn BI P 63 A 47, Tex Corp cv 55 "44. Tex & Pac 53 B 17, Tex & P58C'19... Tex & Pac 53 D'80. Third Av rf 45°60.. Third Av adj 5860 Tob P NJ 6%3 2022 Toho El Pw 73 '55 Tokio 5% '61 Toklo EI Lt 63 102% 101% 3t 30% . 90 106% Un Pac 4s’68. UnPacrf4s2 Un Pac 4% Uait Drug 58 ‘53 U 8 Rubber 65 '47. UnSt W 648 A'47. Un St W 6348 A'51. Uruguay 6s'60.... Uruguay 6s°64.... Uruguay 8s'46.... Utah P& L 68’4 Util Pw 58’69 w Util Pow 6%3°47.. Vanadium St 5s’41. Va EI&Pwr 5% 8'42 Ry 1st6s A Va Ry & Pw 6s'34. Va SW 1st cn 58'68. Wabash 4%s°78 Wabash 1st bs°3 Wabash 2d 55'39.. Wabash 6s B '76 Waubash 534875 West El db 6. West Md 1st 45 st Pac 58 A ‘46.. st Un cl tr 65’38 28 1 Wi Wh& L Ecn4s'49 Wil-O 1st 6145 °33.. Wil& Co 1st 6s°41. ‘Wis Cent Tm 4s°36. S&T6sA'78. 6 S&T 53 B'70. 27 Xgs! Ygsta years of negligible public interest. The| ING STAR, WASHINGTON, D. C, WEDNESDAY.. APRIL 26, 1933. CURB SHARES FIRM AFTEREARLYLOSS Market Leaders Show Frac- tional Recovery, but Trading Is Small. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, April 26.—The Curb Exchange steadied after opening lower today. Volume lightened on the re- covery. The usual market leader, Electric Bond and Share, moved forward frac- tionally. Then American Light & Traction, American Gas & ectric and Standard Oil of Indiana improved, but Cities Service receded. The best showing of electrical output for this year, as recorded in the weekly statistics today, was responsible for the improved tone in many sections of the power and light securities. The ofl shares, however, failed to respond to the lowered output last week, because of the emphasis E’hced on the East Texas field expansion. A rally in motor securities, some bet- terment” in food, specialty and fuel shares, along with the brighter tone in metals featured the forenoon recovery. Cord Corporation rapidly rose to new heights. Then Ford Motor of Canada A, Ford Motor Ltd, and Stutz Motors braced. Quaker Oats, with a spurt of more than 5 points, was the first of the food stocks to enter new high territory. Later Northwestern Yeast similarly performed. Great Atlantic & Pacific Tea early exhibited signs of strength. inger Manufacturing and Royal ‘Typewriter led the specialties into new maximum price levels. The advance of rayon prices bettered companies making that synthetic textile. Some of the miscellaneous steel or allied in- dustria] shares stiffened as a result of expanding operations and firmer scrad quotations. Silver shares rematned steady despi‘e profit taking in some world centers on metal. New Jersey zinc opened off 2 points. Aluminum Co. of America common was up several points at ore time, With the metal market showing an improved tone, some of the copper stocks, like Roan Antelope and Hud- son Bay, turned upwards, but that trend was not followed by domestic mining companies. Glen Alden Coal and Lehigh Coal & | Navigation hardened on better business | prospects. Although expanding indus- trial operations should benefit the natural gas industry, its shares showed no activity. Pipe lines lagged. Gains | and losses about balanced in aviation | stocks. Tobacco stocks were dull as | traders expressed some doubt about | future price trends and how revisions would affect various companies. In the store shares Walgreen eased. Reichsbank Statement. BERLIN, April 26 (#).—The Reichs- bank statement as of April 22, shows the following changes in reichsmarks: Gold and bullion decreased 14.288,000; reserve in foreign currencies decreased 3,478,000; bills of exchange and cheques decreased 151,464,000: silver and other coins increased 94,966,000: notes on other banks increased 4,684,000; ad- vances decreased 3,201,000; investments decreased,573,000; other assets decreas- ed 53,381,000; notes in circulation de- creased 144,295.000; other maturing ob- ligations increased 12,097.000; other lia- bilities increased 5,463,000 Total gold holdings, 407,075,000. Note coverage, 9.3 per cent. Rate of dis- count, 4 per cent. BONDS ON THE CURB MARKET. Salesin ~ DOMESTIC BONDEP .. by T 1Emp O 5 Fisk Rub 538 "31 2 Florida P & L 5 3 Gatineau Pw b ineat T 1 Intern 7 Intersta 11Interst PS 4 4 &L Jerx 5 Ken Util 1st Bs 1 Koppr G&C 5'as 1 Libby Mass @ . 3380t I 22222, FEsTyT0zz 2! , H ) g2 i SR TR I LS S D et e e £ A DU B 23205 2 UGB g4dgaac, ) B %! @ SO Saw> S 2 >’ S 22! =;F = 202 EB8 P et SR >»88 A% 'z _ & o 000, Feny Ll 3 S 2257A% _ poRRRA a ST o bt wamianas ganss: 35! EECEEY ' rOR L) 3 . 9 3 P ty 2 o 5555 L% O, o | kL . # EFR TEES S20RE: 553 geusugeis [3 2w k) 28 * * RESEEaTR W e m»' 2 Ll oSutatagneseny 2 B2, e ey es 75 36 xw.. 7 ‘48 xwl! ww—With warrants. IV S With arrants, out n—New. . ‘Wi—~When issued. @2, speculative accumulations of the white | 34 | Irving Air Ch (40c) Ov, | Mavis Bottling A. . 46% 013 | New Bradford Oil. . 4| New Eng T & T (6) 508 /s | Pilot Radio Tube A. 1 ";’: Premier Gold(12c). N. Y. CURB MARKET Received by Private Wire Direct to The Star Office. Stock and Sale— . Dividend Rate. Add 00. High. Low. Close. Pure Oll pf (1%).. 100s 29% 27% 29% Quaker Oats (15).. 50s 9815 981, 98'% Rellunce Int A*.... 1 Reliance Manage.. 1 Reybarn.......... Reynolds Investing 1 Richmond Radiator 10s Roan Antelope.... 6 Royal Typewriter.. 12 Rvan Consolidated 1 Ryerson (Joseph). 508 % | Safety Car H&L(1) 258 St Anthony Gold 3t Regis Paper Salt Creek Prod (1) Security Allied Cp. Seiberling Rubber. Selected Industries Shattuck Den Min.. Shawin W&P (50¢) Shenandoah Corp. . Shenandoah of. ... Sherwin-Will (1). . 22! Stock and Sale— Dividend Rate. Add 00. High. Low. Close. Afnsworth Mfg.... 1 3 3 3 Air Inv [ne vtc. 1 1% AirInvevef... X % Alum Co America. .1600s 54% Alum Co of Apf 1% 2 50 Am Capitalpf..... 1 6 Am Capital pr pf.. Am City P&L B 15¢ Am ComwithPwA 3 Am Cynamid (B).. 177 Am Dept Stores. .. Am & For Pwr war., Am Founder: Am Gas & El Am Superpower. Anchor Post Fence. Arcturus Radio T.. Ark Nat Gas (A). 4 Armstrong Cork. ..150s Asso Gas&Elec(A) 6 Atlantic Lobos pf.. 3 Atlas Utilities. 87 Atlas Utilities war. 8 Atlas Utll pf A(3). 2 Axton Fish(A)3.20.160s Blue Ridge..... Blue Ridge pf (a3). Bourjols (k25¢)... Brill Corp A.. Brillo Mfg (60c) Brit-Am Oil C 80c.. B-A Tb B cu p37.3¢c. Br-A Tob rg p37.3c Bufft N&E pf (1.60) Bunker Hill & Sull. 50s Burma rcts (plc) 2 Canadian Marconi. 38% 40% Sou Cal Ed pf A 1% Sou Cal Ed pf B1% Southern Corp'n... Stand Ofl Ind (1).. Stand Oil of Ky (1) Stand Oil of Ohlo. . Stand Oil Ohio pf 5 Stand Pwr & Light. Stand Silver & Ld. Starrett Corp. Stutz Motor C; Swift & Co. Swift Internat’l( Taggart Corp Tech Hughes (60c) Technicolor. 3 Texon Ofl & La Tob & Allied Stks. , Tobacco Prod Del. . ‘Tob Prod Exp(10c) Trans Air Transp. . Tri-Cont Corp wr.. Tabize Chat Corp. . Tubize Chatillon A. Tung-Sol Lamp... United Corp war United Dry Dock United Founders United Gas......... United Gas pf (1).. United Lt & P (A). United Lt & Pwr pf 17td Shoe Mch 215..270s U S Finishing. U S Foil (B) (2 U S & Intl Sec. US&Intlistpf... Utd Verde Ext 40c. 1 Util Equities - Util Equities pf 5% Utll Pwr & Lt. . Util P&L pf (7). UtilP & L (B) cfs Util & Indust pf. Van Camp Pack.... 2) Celanese 1st pf. Cent Statqs Elec Centrifugal P 40c Citles Service. Citles Service pf. Citles Serv pf B... Citles Service(BB) 308 Citles SYP&L $6 pf 508 Col G & E cv pf (5) 3508 Colum O1&G v.t.e.. 1 Comwlth Edis (5) Comwlth & Sou wr. Comunty Wat Sve. Comstock Tunnel. . Con Gas Balto 3.60. Consol Royal (20c) Cooper Bessemer.. 23 3 Cosden & Co c.0.4. Creole Petroleum. Crown Cork Intl A Cusi Mexicana Min Deere & Co........ Dubilier Cond & R. East Util Inv (A).. East Util Assocv.. Easy Wash Mch B. Edison El Bost(12) 10s 137 El Bd&Share b6% . 297 16% ElBd&Share pf6.. 3 32% ElPwrAssoAd0c. 7 4 EIP&Lopwar.... 6 4 Sl Elec P&L 2d pf(A).1258 11% St L Elec Shareholdings 1 33 315 | Walgreen Co (1) Empire G & F 6% . 7 Watson (J W) Empire G & F 7% .. Wenden Copper. Europ El Ltd A 30¢ Wright Harg 120c. Evans Wall Ld pf.. Yukon Gold Fisk Rubber(new). Ford Motor Can A Ford Motor Ltd Franklin Mfg. General Aviation.. 2! Gen EI Ltd 20 2-5¢. GenTheatEqevpf 8 Georgia Pw pf (6). 1258 4413 Glen Alden Coal... 25 12 Glob Undrw (k35¢) Goldfield Consol... 3 Goldman Sachs. ... 22 Gold Seal El(new). 1 % Gorham vte (1)... 1 14% Gray Tel Pay Sta..700s 10% Grt A&P T n-v(17) 180s 160 Great A&PT pf (7). 208 120 Gulf Oll of Penna.. 11 35% Happiness Candy % Hecla Mining. . 45 Heyden Chem (1) 10% Hollinger Goldt80c T Hudson Bay Min. .. Humble Ol (2). Hygrade Food. Hygrade Sylv (2).. WP&LDL(E).... 1mp Oil Ltd cou 50¢ Ins Coof N Am(2) Int Petrol (1).. Int Utilities (B) . Interstate Equities Interstate Eq cv pf. 2% guarterly or semi-annual dividend. tPartly extra. 8Fayadle in cash or Stock = bF hdjustment B e ¢ dividend. n stock. stock. in stock. us in stock. n Plus 8% 10 SoCk DPaId Iast yarecio repuia rate 5% “ Markets at a Glance 3 NEW YORK. April 26 (#).—Stocks irregular; rails firm; trading less active. Bonds firm; utilities rally. Curb ir- regular; some specialties advance. For- eign exchanges weak; sterling slumps. Cotton lower: local and Southern sell- ing; lower cables. Sugar barely steady; easier spot market. Coffee lower; com- mission house selling. CHICAGO, April 26 higher; (). —Wheat Washington world economic program. Corn firm: sympathy with ';,he:t. 'faglgelgenemlly steady. Hogs steady ower, lightweigh - top, $4.05. 5 Enas ot CHICAGO DAIRY MARKET. CHICAGO, April 26 (#).—Butter— Receipts, 7,649 tubs: unsettled: cream- ery specials (93 score), 221,a22% ; extras :iszzl. 281; extra firsts (90-91), 2115; irsts (88-89). 217, : standards (90, = tralized carlois), 22, e Eggs—Receipts, 30,673 cases; unset- tled; extra firsts, 14; fresh graded ;Ig:.‘! lB”;k:d%l;rrmt receipts, 121 Ppacked firsts, 15; s e storage packed Jonas & Naumburg Kleinert — Kopper G & C pf(6) Lake Shore M (2).. Lakey Fdy & Mch. Lehigh Coal&N 40c Libby McNeill & L. Lion Ofl & Refin. .. Lone Star G bé4c. .. Long Is Lt pf A(7) Louisiana L & Ex.. Mapes Con Mfg (3) PARIS BOURSE PRICES. PARIS, April 26 (#)—Three per cent rentes, 67 francs 45 centi ;43 cent Tentes, 87.30. S e change on London, 87.50. The dol- lar was quoted at 23.20. 9 » aames oFasRana To o mwan Mead Johnson (3). Memphis Nat Gas.. Mexico-Ohio Oil. Middle West Util.. Montgom Ward(A)120s Mountain Prod 80c. 1 5 Organized 1879 Nat Aviation. Nat Bella Hess.... 15 NatBnd & Sh (1).. 2 Nat Dairy pf A (1) 758 Nat Fuel Gas (1).. Nat Investors Nat Invest war Nat Leather... Nat Pw&Lt pt (/ Nat Service. .. Nat Steel war. Nat Sugar NJ (2).. JOHN JOY EDSON, President New Eng Pwr pf(6) 50s 7 22 3 w Jersey Zinc 2. wmont Mining. N Y Hon Ro(t1%). N Y Shipbldg (10c) 1 5 N Y Tel pf (6%)... 508 1105 Niag Hud Pwr (1 7 10% Niag Hud (A) war. 6 Niag Sh(Md)B 20c. 12 Nipissing......... 3 Nor Central Texas. 2 1% North Europ Oil... 7 % NorthStaPwA(4). 1 25 Northw Yeast (12) 10s 127 Ohio Copper. . Oil Stocks Ltd..... Overseas Sec...... PacG&E 1stpf 1%. Pacific Tin (spcl).. Pan Am Airways. Paramount Motors. Parke Davis (1)... Parker Rust P 2%. 1258 Penroad Corp...... 19 Penn Wat& P (3). 1 Pepperell M{g Co.. 208 Always Remember— it is not what you earn, but what you Save That Counts. 415 15 IO BT UINION TRUST Ploneer Geld (24c). 28 Pitney BowesP.... 2 Pitts’'bgh & LE 2% 50s Pitts Plate G (60c). 3 Prudential Invest.. 12 Prudential Invpf 6 32 Pub Util Hd xw... 10 Pub Util Hid cpf... 14 Pug Sd P&L $5 pf.. 10s Puget Sd P&L $6 pf 208 13 has (©mpany 915 F St. N.W. el “% e FINANCIAL. Dollar Makers BY GEORGE T. EAGER. ‘The sales manager of a flour company that had developed an exceptionally fine cake flour had never been able to sell it to a chain of commercial bakeries on account of its higher price. He attacked his prospect from another angle by using the help of the food ex- pert employed by his company. She developed a new kind of e that re- quired this special flour and accom- i)a.nled the sales manager in a call on he head of the bakery. Samples of the finished cake, together with the F recipe, as well as cost calculations fig- ured to the necessary fractions of a cent, were presented. The idea was accepted and tried out in one store. Within three weeks sales reached 25 dozen per week and the new cake was offered in all stores and a new outlet established for the cake flour. In the course of the negotiations the ;| head of the bakery mentioned that he had never been able to sell his bread to a large drug chain. The sales manager immediately saw the opportunity of further service to his new account. He offered to the bakery the services of his food expert for a week. She worked out.new ideas for bread dishes and | sandwiches made to suit the drug | chain’s luncheon trade. They were suc- it ,» | cessfully used in closing an order that | linked the flour company still closer to | its new customer. (Copyright. 1933.) 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. Connelly James F. Shes President Secretary ion Counetl bia. Member of Building Ass of District of Re-Finance or Purchase D. C. Property With Our Loan Plan No Renewals ever neces- sary . . . no commissions charged. Come in for de- tails. Member Building and Loan Assn. Council of D. wrTIONg, PERMANENT BUILDING ASSOCIATION 7 - ,,“3:9 9%k ST. NW. ¢ e, Dividend rates in dollars based on last | NEW HOME FIRST MORTGAGES Paying 6 Per Cent i Now Available Limited Amounts All based on new low construc- tion cost levels. [l All confined to_restricted estab- lished Chevy Chase home come munities. ||| 1f a SAFER FORM of invest- ||| ment is known we should like to be informed of it. | W Denominations, 5250 to $1.000 | Phone National 2345 SHANNON & LUCHS Mortgage Department 1505 H Street N.W. 0 A 53rd YEAR COMPLETED Equitable Co-Operative Bldg. Ass'n WALTER S. PRATT, Jr., Secretary ceeeenee...$6,251,006.24 Subscriptions for the 104th Issue of Stock Being Received JOIN THE EQUITABLE AND SAVE SYSTEMATICALLY The Equitable’s Plan of systematic saving has taught Thousands how to save and accomplish gcst Results. Join To- ay. Jnion Trust” been consistently successful since estab- lishment because it al- ways has adhered, as it does today, to the princi- By the Associated Press. > ples X ZuguaSRunuoen, ! Bistonnomnbnio o 2 Lad 2 2 £ mn Bk T Yesterday ..-..- afusnabSane SRBIERE2ASERZ R SR datER R s b sy g . ma 38223888228, ”fll— D oagBazan Do N 3 (% §= 3" 8 g SEE2 i 2 2. ¢ 339 asamnmisoe g23ziessa 23SEI2258 o) 8 = aishamoaohaoH fA%332582 292! f3zigapmsseant, 8 i IOt i = BRD R RDRO DI ] a2 23 (Copyright, 1933, Stand. StaMstics Co.) of sound, time tested banking practice. Conservative manage ment makes for stability financial institution. Interest paid on Checking and Savings Accounts Southwest Corner Fifteenth and H- Streets Northwest WASHINGTON, D.C.