Evening Star Newspaper, May 20, 1933, Page 11

FINANCIAEL, I QUIET MARKET New High Prices for Year Established in Railroad Group. BY CHARLES F. SPEARE. Epecial Dispatch to The Sta: NEW YORK, May 20.—In a quieter and less feverish market today most of the active bonds were able to main- tain the price position they had estab- lished during the week, which meant that they sold at or near the high levels of the month. There were & few exceptions among the Public Util- ities and the oils. In view of the usual_ tendency even up commitments on Saturday, this performance of the market was evi- dence of its underlying strength. Some of the new high prices for the year were made in St. Paul Gold 5s above 27, in Chicago & Northwestern 4%s at about 25, Great Northern Ts at 7215, Goodrich 6'ss at 87'y. Inter- national Paper 6s at 23, and Alleghany ration 5s at 19'2. All of these bonds showed percentages of gain rang- ing from 60 per cent to several hundred per cent and even more than this in the Northwestern 4% Many of them are held by banks, so the difference between present prices and those cur- rent last February is an important element in the recovery of banking stability. Further liquidation occurred in Utili- ties Power & Light 5s and 5'2 per cent debentures, both of which were off from 1% to 2 points. The next coupon on the 5'2s is payable June 1. There were declines of a poirt in American & Foreign Power 5s, Chesapeake Cor- poration 5s, Denver & Rio Grande 5s and in International Telephone & Tele- raph 4l3s. Postal Telegraph 5s were ;nvy The oil company bonds held steady and were able to maintain prac- tically all of this week's advance. Movements in German issues were Srregular. Opening lower, the gov- ernment 518 and 7s subsequently strengthened, with the former advanc- ing over a point. Some of this was later lost. French issues were also weak. Argentine 6s advanced frac- tionally, Austrian 5s were over a point higher and there was a slight gain in United Kingdom 5)2s. United States Treasury issues showed s somewhat better tcne than in the last two sessions, but the market for ?ulet and fluctuations in most cases. Th Fourth uberty “A' touched 103. New York Cotton @pecial Dispatch to The Star. NEW YORK, May 20.—The cotton market today came under the heaviest pressure of the week and prices broke about % ‘cent, ending with a loss of 22 to 25 points on the day. Though ac- tive mill buying occurred on the de- cline, stop-loss orders on the basis of 81, cents for October carried prices to 8.41 at one time. Spots were reduced 25 points to 8.25. There was active commission house liquidation and a steady stream of sell- ing orders from the Scuth, where weather conditions the past few days have been the most favorable thus far this season. With the exception of dry sections of Texas, where moisture is needed In order to plant, surroundings in virtually all remaining sections cf the belt have been ideal for both the growth of cotton already in the ground and for planting operations. Unsettled conditions in both the stock and grain markets, together with reports that one of the largest mill organizations in New England had closed down because of labor troubles, also brought cotton under pressure. Dry goods quarters reported lberal sales of prints. ‘The feature of week end statistics again proved to be an abnormally kheavy movement both from the interior and into consuming channels. Into- sight figures of 171,000 bales were 100,- 000 larger than last year, with 662,000 bales appearing into-sight during the past four weeks compared with 313,000 last year, ' takings exceeded last year by 100,000 bales and mills have taken 842,000 during the past three weeks compared with 609,000 last ) ONDS ON NEW YORK STOCK EXCHANGZ Received by Private Wire Direct to The Star Office. UNITED STATES. (Bales are inll:-l.m .} Olose. 1022 10181 1022 Lib3%s 32-47. Lib 1stéi s 32 47, 1024 102 m (t.h u(: 33-3! 8J40-43,. 10119 10119 10119 10120 10113 101 20 103 28 10820 103 28 . 1057 1054 1087 . 109 Bales. Illh- Abitibt P&P 53 '53. Alleghi Alleghany B Alleghany 5s °5/ Allis- AmF P 532030 AmIGCh5%s’¢ Am Metal 5% Am Sm&Ref 5847, Am Sug Ref 65°37.. Am T&T 414839, Am T&T c tr 58’46, 17 Am T&T deb s "6l Argentine 5%s '62., Argent 6361 May. Argentine 65’69 Ju Argentine 6s ‘59 Oc Argentine 6s A '57. Argentine 6s B '58. Arm & Co 4% Atchis 4s 1905 Es Atchison gn Atchison 4% s l AtICLcol 4s"52.. AtICLun4%s'64. Atl Gulf&WI58'59. Atl Ref db T Australia 434856 Australia 5s ‘55 Australia 535’ Austrian 7s 43, Austrian 7s '57. B&Ol1st és'43. B&O4%="00 B & O 1st 5548, B&Oref5s'95. Batav Pet 448’42, gium 63 gium 6 Belgium 7s ‘55 Belglum s ‘56 Bell Tel Pa §s B'48. Bell Tel Pa 51 C'60. Berlin C El 6%#'51. Berlin C Eil 6% s'59. Beth Stl rf 53 '42. Bolivia 7, Bolivia 8s Bordeaux 6s '3 Bos & Me 4% s'%61J. Bos & MeGs 67.... Brazil 645 '26-'57. Brazil 8541 Bremen 7s'35. Bklyn Ed 55 A "4 Bklyn Elev 6 %8 BKIyn Man 6s A Bklyn Un Gas 5 BKIyn UnGas 55'57. Budapest 6s 6 Buenos A R 65 '61.. Buff Gen El 434581 B R & Pitts 434’57 Bush T Bldg 55'60.. Canada 4s '(0 Can Nat Ry 4% s" 21 Can Nat 53 '69 July Can Nat 5569 Oct. Can Nat Ry 5s'70 Can Nor db 6% s" Can Nor deb Can Pac deb Zan Pac §s 54 Car Clin & O 65 '52. Cent I11 E&G 58°51. Cent Pac 15t 45°49. 24 Cent Pac 5s 60. Cert-td db 5%s "43. Ches Corp 55 47 Ctouf.qa'ss CB&QI113%3"49.. CB&Q I 45°49. ... Chi & Est 111 58’51 Chi Grt West 45'59. Chi Ind&L gn 55'66 Chi Ind&L gn 65'66 12 . 28 Il Cent rf és Il Cent 4%s Il Cent 6% s III CCStL&N 6s A.. 38 11 Steel db 45 8°40.. 2] Int Rap Trrf6s'66 1 Int Rap Tr 6s°32 Int Rap Tr 7 Int Cement 6: Int& Gt NGsB'56. 2 Int& GNaj . 10 Int Hydro El §s'44.. 27 XntPlpretBlA" 21 Int Pap 6s . 30 lntRyf‘A(*i'lh IntT&T4%s'39.. IntT&T 4%s'53 *nt T & T 5s '55. Italy 78’51 Japanese 5%s Japanese 6%s '54. 1024 103 10229 103 9815 984 9815 9918 9911 9918 108 30 108 31 Low. Close. 16% 16% 18 1 89 89 Kan City Sou Kan City Ter 4 5 Kan G&E 4%s Laclede Gas 5s '34.. Laclede 548 C '53 Laclede b34s D " Lautaro Nit 6s "54. Leh Valcn §s 2003, Lig & Myers 6s'51.. Lorillard 55 '51. Lorillard 7s La & Atk 5s Lou G & El bs A 53, L &N uni 4s°40. .., L & N 5s B 2003. & Nrf5%s2003. McKes & R 5% s'50. Manhat Ry cn 45’90 Marseille 63 ‘3 Mex 4sast 1904-54. Mex 4s ast 1910-45. Midvale Stl 5536 . Milan 6%s'52. Mil E Ry&L 53 Mil E Ry&L 5s "T1. MK & T 1st 4s'90.. 1007 100%100% 10". 105 T84 10% 5314 58 luv. 5315 58 5714 5T% 57% Mo Pac5sF'77.... Mo Pac5s1'31..., Mo Pac 5% A "49. Mont Pow 55 '43. ... Mont Pwr 55 A '62. Montevideo 7s '52.. Nassau Elec 45 '51. Nat Dairy 6% Nat Steel 5356 N Eng T 1st bs '52. N J Power 6s°60. I'S 1R NYC&StL 1st 65'32 N Y Edison 5s B'44 NYEAdrf6%s 41, N Y EL H&P 45'49. NY NH&H 4%s 67 NY NH&H 6s°48. . NY O&W gn 4s'55. NY O&W rf 4592, NY Rys Inc 6s '65. NY Rys 6s A '65... N Y Tel gen 4%s'39 NY W&B 43%s'46.. Nia Sh Md 5%s '60. e o b 8 O 1 00 60 8 1 10 20 53 00 4 RS H R IV IS 0 88 1 1. Nor Am E 5%4s'63. Nor Pac gn 35 2047 Nor Pac 45’97 . Nor Pae 55 D 2047, Nor Pacr16s2047. Nor St Pw 5s A "41. Norway 53 63. Norway 6s '4. Oreg-Wash 4s°61.. A Pac G&E §s 42, 6 1 2 Penn 4% s D 8 = Pennen 4%s Penn gn 4%s ‘65 Penn 4%s D 70, Penn 4% '63. Penn 53 ‘64 Penn gen Penn 6%45'36. ... 13 Penn P&L 41531, 2 Peop Gas ref 55 '4T. 10 Pere M 1st 455 3 3 Pere Marq 4%s 8| 4 23 s 23% | Pere M 1st 65’66 Peru 65 '60 C M StP&P 52°75.. 112 CM&StP ad 55 2000 135 Chi&NW 43452037, 43 N 18 Chi & NW 43549, 224 Chi&NW rf 55 2037 Chi RI&P rf 4s'34. i 5o ezt i 4 et FOREIGN EXCHANGE. #Quotations furnished by W. B. Hibbs & Co.) ool wold ch‘n:xd checks e. 5 dc 19.83¢ Montreal, discount, 13%a%. —_— CHICAGO STOCK MARKET CHICAGO, May 20 (#).—Following is the complete official list of transactions | in stocks on the Chicago Stock Ex- High. Low. Close. + 500 Bendix A 1200 Borg- Wasiex “50 Chi Yell Cab 1400 Citles Ser 10 Consumers 67 " pf $0 Greyhound 480 Sranad - aee 80 Hormel & Oo. CRiR1&P 438’52 Childs deb 55 '43. Chile 6s'60. Chile 65 °61. Chile Cop db 58 Chile Mtg Bk 68’61 Chi Mtg Bk 6%°61. CCC&St L 4 4sE"7T Clev Term 5s B *73. Clev Ter 534 5A'72 Celogne 6% 3 '50. 0910 1 4 19 O B i i k08 O 1S A YD G 59 89 00 Colo & Sou 4% Colo & Sou 4 | Col G&E &3 '52 May Col Gas & E 5s'61.. | Com Inves 534849, | Cons € Md rf 5550 45. Con P Jap (R Consim Pow 55 '5; Cuba 54545 Cuba Nor 5% s 4; Denmark 4% s "62 Denmark 6s '62 see o= P YS P ST Det Ed 4%s D’61 Det Edison rf 53'49 Det Edison 58 °52 Det Edison 58°55. .. Dodge Bros 6s°'40.. Duquesnes 1% sA'6T. Dutch Bast I 65’47, Dutch Ea: East C Sug T%s'37. Mriecv 4s A '63 Erfe 43 B'G3. Erie gen 4s " Brie ref 53 '67 Erie ref 6a 75...... 947 102% 10234 106 814 10215 1064 o8 | 1015 Pern 6361 Peru 75 '59 Phila Co 5367 Phila Elec 45 'T1 Phila & Read 6s Phillip Pet 5% 839 Pillsb F M 6543 . .. PCC&SLL 4%5s C17 PCC&StL5s A 70 PCC&SIL 58 B*T5. Poland s '47 Poland 8s'50..... Port Gn Ell%!"O Por RAm T 68’42 Pos Tel & C b Prussia 6s'52 Prus: Public Serv 4s'71. Pub Sv G 4%4s'70. Pure Ofl 5%s'37 Pure Oll 5% s '40 Read 4345 A '97. Rem R 5%sA'4Tww Rhine Ruhr 65 '53.. West 6352, Rhine West 655 . Rio de Jan 6%s '53. RGrdoSul 6s 6F.. R Gr do Sul 8546 RIAT& L4%s 34 Rome 6%8'52..... Royal Dutch 4 Rumania 7s '59. StL IM R&G 45'33.. St L&SF 43 A "50.. StL&SF4%s"T8. SIL SF 4%w'T8ct st e maam o St P Un Dep 55 '72. Sao Paulo 78°40... Sao Paulo 8s 5! Saxon P W 6% Saxon 7s"45. Seab A L rf 4559 Seab A L 63 A '45.. Serbs-Cr-S17s'63.. Shell U Ol 58 47.. Shell U O 68 *49ww. Sinc Oil1'6%s B '38. Sinc O11 Ts A 37 Sinc P L s 43 Skelly O11 5%s°39. Soissons 63 °36. ... Solvay Am 5 Sou Bell T&T 65’41 Sou Pac col 48 '49. Sou Pac rf 4s’55... | Sou Pac 4% 68 on P 416869 ww. ou Pac 4%s'81 . ou P&OT 4% 5A'T7 Sou Ry gn 45A'56. Sou Ry b5’ 5 » RN P A LSRR UNAA A —AD—S BWAANRARO0 | Sou Ry 6% 85 | Sou Ry M&O 4s'38 4 103'% 104% 'AR, WASHINGTON, IPRODUCE MARKETS IN SAGGING TREND Fruit and Vegetable Prices Mostly Lower as Sup- plies Increase. The fruit and vegetable market con- tinued to show a mixed price trend after the middle of the month, but supplied were rather heavy, conditions variable, and there were more declines than advances in market values, says the United States Departmens of Agri- culture, Bureau of Agricultural Eco- nomics, Market News Service. Potato prices were irregular and mostly a lit- tle lower, but still ranged close to the average for the first half of May. Changes in different markets were partly owing to poor condition of re- ceipts harvested and packed during the rainy spell. Onions have lost most of the recent advance, and shipments are increasing. Cabbage, tomatoes, and miscellaneous vegetables are a little lower, and the trend has been mainly downward lately for apples and straw- berries. Shipments of general produce are larger with the progress of the season, and reach about the same daily totals as a year ago. Arrivals of old- crop apples, potatoes and onions are light now, but most lines of Southern produce show gains as the marketing season reached more Northern produc- 5| ing sections. Berry Condition Poor. Strawberries are in fair demand when fruit arrives in good condition, but many arrivals have been very ordinary, showing injury from heavy rainfall, in- cluding many soft berries and consid- erable decay. The season has extended to Eastern Shore of Maryland, which is now supplying some of the best fruit in Northern markets. Some lots from father South have been selling as low as 3 cents a quart by the crate. Pre- vailing range of good fruit is from 7 to 16 cents. Some of the sales in pro- ducing sections are below freight and harvesting costs. Prices in North Caro- lina range from 85 cents to $3 per 32-quart crate. Asparagus in Liberal Supply. Asparagus receipts from New Jersey, Delaware, Maryland and Pennsylvania have increased rapidly since the middle of the month and there is considerable California stock on Eastern markets, but South Carolina has nedrly ceased shipments. The price has declined gradually and the wide range of 75 cents to $2 a dozen prevails in the large markets. A few special marks of extra large stock exceed these prices. Parsley from New Jersey and Penn- sylvania sells at 40 to 75 cents a bushel in New York and Philadelphia. A few lots brought $1 -in New York. Most of the Eastern lettuce has been coming from North Carolina this month, although Virginia is becoming a leading shipping section. Sales were anywhere from 50 cents to $2 per hamper, mostly $1 to $1.50. Mushrooms were a fairly prominent feature in four or five Eastern markets around the middle of May. Receipts from Pennsylvania, New York and New Jersey sold from 20 to 75 cents per three-pound basket. lowest prices being in Philadelphia and highest in Boston. Maryland spinach brings 25 to 50 cents a bushel in Washington and other Eastern markets. Potato Market Weak. Old potatoes have been in moderate supply, but shipments of the new crop are increasing and most of the price gain of early May was lost. NEW YORK EGG MARKET NEW YORK, May 20 (Special).— Quotations for eggs in the wholesale cash market today were: Mixed colors—Special packs, 14%a16; standards, 14al4ly; storage packed firsts, 13%a14%,; firsts, 13a13%; sec- onds, 12a12%;; medium, 12121, ; dirties 12a127;; checks, 11%. Whites—Nearby selected, 18a191%; Western _receipts, specials, 16581712, standards, 15a15%;; undergrades, 13122 4 D. C, SATURDAY, CURB SHARES 3LIP 10 LOWER LEVELS Public Utilities Featured in Downtrend—O0ils Are Steady. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, May 20.—The Curb Ex- change today slowly drifted downward. ‘The public utilities gave direction to the main trend, belng led by Electric Bond & Share, American Gas & Elec- tric and American Superpower, while the petroleum issues resisted the down- ward tendency, under the leadership of Cities Service and for a time Standard Oil of Indiana. Regular dividend declaration by Pitts- burgh Plate Glass, Abbott Laboratories, Lone Star Gas common and preferred, Empire Power & Light preferred and Memphis Power & Light preferred had been more or less forecast on the tape, 80 their movements today were unim- portant. Pennsylvania Water & Power, how- ever, moved up about a point following the payment of its regular common quarterly dividend. National Transit receded in final dealings Friday, fore- casting the directors’ dividend action today in ordering the payment of 35 cents semi-annually against 20 cents quarterly heretofore. BONDS ON m CURB MARKE' Salesin ~ DOMESTIC BONDS. ds. High, Pw 4158 '67 6 4 Alabama Pow 55 ° 2| Bl Pwr Asso A 40c. rv PL 5138 6 Cleve El Tilu 5s C 4 | Ford Motor Ltd. ... 6 Consm Pow 4135 1Consm Power 5s 3 Crane Co_bs '40. 5 Crucible’ Steel 55 10 Cudahy P 3 Gat 1 Qe RetsP 1Gen Wt Wk s B 1 House Gie &'l A 'l 5 2 Hudson BM&S 1 Hygrade Browns—Nearby and Western special packs, 16a18; standards, 15a15%2. IWashington Produce Butter—One-pound prints (93 score) | 26; tub, 25. one-pound prints (92 score), 25; tub, 24; one-pound prints | (91 score), 24; tub, 23; one-pound | prints (90 score). 23; tub, 22. ‘ Eggs—Hennery, 12a121;; current re- | ceipts, 1lalll;; Government graded, | extras, 1712; standards, 15'2; mediums, 1415, Poullr) alive—Turkeys, hens, 15; toms, 10; chickens, Plymouth Rock roasting chickens, 23; broilers, 11, to 21, pounds, 18a20; 2% and over, 22; Leghorn broilers, 1'4 to 2 pounds, 15; 2 pounds and over, 17; colored hens, 12a13; Leghorn hens, 10; roosters, 7. Poultry, dressed—Turkeys, hens, 18; toms, 16; Plymouth Rock roasting chickens, 26; broilers, 14 to 212 pounds, 21a33; 2% pounds and over, 25; Leg- horn broilers, 1% to 2 pounds, 18; 2 pounds and over, 20; colored hens, 15a18; Leghorn hens, 13; roosters, 10; Long Island ducks, 13al4. Meats—Beef, 101,; veal, 10; lamb, 13; pork loins, 11; “iresh hams, 1215; 1 smoked hams, 13'%; strip bacon, 13'3; lard, 7%; compound, 7. Live stock—Hogs, light, 4.40a4.75; medium, 4.50a5.00; heavy, 425a4.80; pigs, 3.25a4.50; roughs, 1.75a3.50; calves. 3.00a5.00; Spring lambs, 4.00a6 50. Fruits—Watermelons, 60a1.00; can- taloupes, California, jumbo crates, 8.50; pineapples, 2.25a83.00; strawberries, 2.50a 3.50; honeydews, 1.25a1.75; oranges, 2.50a3.50; grapefruit, 1.75a2.00; apples, & 7 A box stock, 1.75a2.25; pears, 2.50a3.50; - 245058 J ‘ cherries, 3.50; blackberries, 4.00a4.50; ¢ huckleberries, 8.00: alligator pears, 2.50a £ 5 4 2 | 3.00; rhubarb, dozen bunches, 40a50; cranberries, 3.25; bananas, 1.00a250; lemons, 5.00a6.00; limes, per 100, 2.00; grapes, 1.2522.00. Vegetables—Potatoes, new, per barrel, 3.0023.50; old, Maine, 100-pound sacks, 5021.00; New York, 1.15; sweet, 60a65; ., 50al1.25; string beans, 1.75a2.00; peppers, 2.50a3.00; lettuce, 3.00: nearby, 50a75: kale, , 25a50; cabbage, 75a1.25; carrots, crates, 1.50; beet Te e E 1 tomatoes, lugs, 1.7 G0 1.50a1.75; eggplant, 3.00; asparagus, 1.00a : turnips, per 100 bunches, 3.50a4.00; Epring onions, per 100 bunches, 1.00a 1.50; corn, 2.25: caulifiower, 2.25a2.50; cucumbers 3.00a4.00;, hot house, per| & L Bs 1 Manitoba Pw § Mass Gas 4 Metro Ed K‘ i Nor ‘Simt 4’,‘ i Ohio Edison i 00D 799900 T . 2 AOm— W EREEaR o, 5% o 13 5 100 , 1.50; MAY 20, N. Y. CURB MARKET Received by Private Wire Direct fo The Star Office. Stock and Sale— | Sale— Dividend Rate, Add 00. Hleh. Low. Close.| Diridend Rate. ~Add 06. Hgh, Lov. cksu | Acme Steel (1) 1933. Alum Co America..1000s 63 Alllm Co o!AD! 1%. 158 AmBookCo (‘)-0‘- 10- “ Am City PALB15e 9 ‘Am Cynamid (B).. 10 Am & For Pwrwar. 1 ‘Am Founders. . 11 Am Found 1st pf D 50s Am Gas& Bl (31).. 26 AmGas&EIpf(6). 2 AmLt&Trae (2).. 9 | Am Maize Prod(1). 508 ‘Am Maracatbo. Am Superpower. . .\ Am Superpower pf. Anchor Post Fence. ‘Arcturus Radio T Ark Nat Gas.. Ark Nat Gi Art Metal Asso Gas & Elec. Allll Utilities. .. Babcock & Wil(1). 258 Blue Ridge. L7 Blue Ridge pf (ad). 6 Bonk HC st pf (1) 268 Brazil Trac & Lt. et L Brit Celanese rcts. 6 Buft N&E pf (1.60) 2 Bunker Hill & Sull. 258 | Burma rts (p1%e) 1 | Butler Bros....... 2 Canadian Marcont. 7 Carrier Corp Celanese Cp pf (7). 25n Celanese 1st pf. Celluloid Corp. SR S peil 208 Cent States Elec... 5 CentStaElcv pfn. 508 Cities Service. . Citles Service pf. Claude Neon Inc. Clev El llum (1. Cleve Tractor. . Colts Pat F A (1) ColG & E c¥ pf (5). 251 Colum O1I&G v.te.. Comwlth & Sou wr. Comstock Tunnel Consol Alrcraft. Consol A M cm pf.. Consol Copper. Con Gas Balto 3 Cord Corp (10¢) - Corron & Reynoids. Creole Petroleum Crocker Wheeler. .. Crown Cork Intl A. Cusi Mexicana Min Darby Petroleum Duke Power (4)... 258 Duval Tex Sulphur 6 Eust G&F As (60c). 2 [Sast States Power. Eisler Elec Corp. El Bd&Share b6 % El Bd&Share pf 6 Kl Bd&Share pf 5 {Empire G&F 7%... Europ Elec deb rts. Evans Wall Lead. . Fisk Rubber(new). Fisk Rub pf (new). Flintkote (A).. Florida P & Lt p Ford Motor Can A. » & 00 1 OV NI 09 b 1O b Foundation For Sh. General Aviation 12 | Glen Alden Coal. | Grt A&P T n-v(117 2¢ Great A&PT pf (7) 10s y 1 * |Gulf Oil of Penna.. 6 Happiness Candy. . ' Hazel Atlas (1334). Hollinger G1d t70c. % | Hudson Bay Min. . . | Humble Ol (2) | Hygrade Food. {UIP&Lpf(6).. Imp Oil Ltd cou 5 IndP&Lepf6ls. Ins Coof N Am(2 Int Hy 1S e pt 331258 Int Petrol (1)..... 11 Int Products. ... Int Utilities (A)... Int Utilitles (B)... Interstate Equities 4 | Interstate Eq cv pf. rving Air Ch (40c) ! Lake Shore M {2%4. Leonard Oil. . | Lerner Strs pf ww. | Libby McNeill & L 4 | Louisiana L & Ex.. | Mavis Bottling A Mesabl Iron. . Mid Sta Pet vtc A 2| Mid Sta Pet vie B.. | Middle West Util.. Mid W ev pfnxw. | Minn Honey pf (6) . | Mountain Prod 80c. Mount St T&T (8). Nat American | Nat Bella Hes: 4 10s 2 | Nat Fuel Gas (1), Nat Investors. . Nat Invest war t Leather. { Nat Service | Nat Sugar NJ (2). Neisner Bros pf New Eng Pwr pl New Jersey Zinc 2. Newmont Mining. . | N'¥ Shipbldg (10c) Niag Hud Pwr (1). Hud (A) wa North Eutop O1l. North Sta Pw A(4 Peniuad Corp Penn Wat & P (3). | Pepperell Mfx Co. . Phil Morris Inc. Phoenix Securities. Phoenix Secur pf. . Pilor Radio Tube A Pioneer Geld (24¢). Pitney Bowes P... Pitts Plate G (80¢) Potrero Sugar. | Premler Gold(12c). Producers ho)ahy Pub Util Hld xw. .. Pure O1l pf (13). Quaker Oats (15) R R Shares Corp. Raytheon Mfg. Relfance Manage Reiter Foster. Richfield Oil Cal pf Rike Kumler. Roan Antelop Roosevelt Field Royal Typewriter. . Rubberoid Co (1).. Safety Car HEL (1) 100s | 3t Regis Paper.... 8 is Paper pf.. t Creek Consol . Salt Creek Prod (1) 434 % 56% 114 1% 6% 1 T 174 1% 8% % | Singer Mfg Co (§).. 108 & | Swift Internat’l(2) 434 % LYE 8 114 1% 6% 1% FINANCIAL, SHRNKAGE N BANI === R REPIRED §;l_.&.“.:kxm.‘z;‘:n.: 2 g;;'Federal Reserve Members Shenandoah Corp. . 2 Affected !‘,y Drop Durlnq Holiday. Stock and Seeman Bros 4!%) Shenandoah of.. 17 Sherwin-Williams. 7508 28% 279§ 28 | 133 133 133 SouCalEdpf A 1% 24% 24% 24 SouCalEdpfB13% 1 2 BY CHAS. P. SHAEFFER, Associated Press Business rwiter. Resumption of the weekly condition statement of member banks by the Federal Reserve Board gives the first official indication of the toll exacted iff™" America’s g structure by the financial crisis early in March. y While the current statement covers - Stand Silver & La reports from only 90 leading cities as - Starrett Corp. compared with 101 reporting cities Starrett Corphir prior to the banking holiday, heverthe Stuts Motor Car less it was learned from the Reserve ° Swift & Co. .. Board that the number of banks in-- cluded in the report numbered only - | between 20 and 25 less than in Masch. ™ This fact .does not necessarily indicate that banking functions were curtailed by the inactivities of these institutions; 2‘ | as their usefulness was preserved inw | many cases through mergers, the boerd " pointed out. Member bank credit was lessened to | the extent of $1,505,000,000 during the | holiday, the report showed, as T and investments on May mh.lddropped from $17,823,000,000 in March to $16~ 318,000,000. Virtually all of this loss was_in loans which dropped off $1,- 423,000,000 to total $8,404,000,000. Loans on securities accounted for $519,000,- 000 of the decrease, while “all other™ or commercial loans declined by $704,- 000.000. Investments declined $282,000,000 during the period, all of which was in securities other than those of the United States Government. Member bank reserves carried with regional institutions showed & nominal | loss of $63,000,000 to $1,536,000,000, while cash in vault declined $178,000,+ 000 to $211,000,000. Net demand deposits, which, under the Federal Reserve act are those able within 30 days, declined $84, Wg‘y to $10,509,000,000, while time deposits, which, under the act are “all deposits " payable after 30 days, all savings ac~ counts and certificates of deposit which are subject to not less than 30 days’ notice before payment, and all postal savings deposits,” slumped $970,000,000 % | during the period. Government de- posits. were "bully up by $141,000,000 during the period. The progress which member banks are making toward normal conditions is exemplified in the statement of bor-_’ rowings from regional members, which dropped from $488,000,000 on March 1 , to only $80,000,000 at the close of | business ,on May 10. - Stand C & S (2.40). Stand Invest cm pf 50s Stand Ofl Ind (1).. 25 Stand Oflof Ky(1) 6 Stand Ofl Neb (1).. 1 Stand Oil of Ohfo.. 50s Standard P&L (B) 1 Stand P&L pf (7) 27y 6% | 4% ll‘a ‘Technicolor. Tech Hughes (80c). Texon Oil & Ld (1), Trans Lux DL P Tung-Sol Lamp Union Gas of Can United Car Fast United Gas pf (1) United Lt & P (A). Utd Lt & Pow B... United Lt & Pwr pf Utd Shoe Mch 2%. 150! Unit Stores vtc. US Elec Pwr ww. U S Finishing US & Intl Seec..... U S Play Card (1).. 1501 Utd Verde Ex* 40c. 1 Utah Apex. . 1 Util Pwr & Lt Util P&L pt (7) Util Equitfes. Uil & Indust p Van Camp Pack. .. Venezuelan Pete. Walker (Hiram). Walker Mining. . Watson (J W)... Wenden Copper Woodley Petrol 22 1% Wright Hargvs 20c 10 4% 4% Dividend rates in d | 3unnerly or seml-anno"." b.ltfl 7 l“ Grain Market By the Associated Press. CHICAGO, May 20.—Wheat values | underwent sharp setbacks today to| about 6 cents under the recent high points, with corn off around 5 cents. Stop loss orders were forced into ex- | ecution by the price breaks, which were largely due to indications of improved weather conditions. Bears in wheat emphasized that there is a carryover of approximately 350,000,000 bushels of wheat in the " United States to be reckoned with before the domestic mar- ket can be called independent of ex- Wgebu‘sineu spite fairly persistent bu; lor houses with connections Eastym :‘vh:at showed little power to rally. The mar- ket encountered liquidation ‘on the part | of belated purchasers on the recent pro- | longed advance, and more than 2 cents’ | decline soon resulted as compared with | yesterday's finish. Weakness of wheat | was intensified by tumbles of corn values. Corn traders appeared to have ex- perienced a notable change of senti- ment. Heavy rains were no longer a decided stimulus. Downpours in Illinois and Iowa last night received only passing attention. Much more heed was given to talk from unofficial forecasters 8; that a period of clear and warm weaLher 45; was at hand. Oats gave way with corn.| FEggs—Receipts. 1,767 cases: Provisions reflected weakness ol'r!celpts. 12; nearby firsts, 1215, grains. | _Butter—Good to fancy creamery; Wheat closed unsettled, 1-15 under |pound, 22a25; ladles, 16al17; yesterday’s finish; corn, 1-1% down; |packed, 14. cats, %-% off, and provisions unchang- ed to 30 cents decline. Baltimore Market Special Dispatch to The Star. White potatoes, per 100 95; new, bushel, 1.00a1.15; sweet po- tatoes, bushel, 50a1.10; yams, barrel, 1.75a2.00; beans, bushel, 1.00a1.75; as- dozens, bunches, Wll..‘nlf . pounds, 80a 1.7582.75; eggplant, crate, 5082 ; kale, bushel, 15a25; lettuce, crate, 2.!5.2'1!, onions, per 50-pound sack, 1.40al M:N ; peas, 50a1.50; : bushel, 75a1.25; tomatoes, lll‘. m? | radishes, per ' 100, 50a1.00; squash,”" bushel, 1.50a2.00; apples, bushel, 1.50; strawberries, crate, 1.50a3. i, o L e 60; blackberries, quart, 10a18, Dairy Market. Chickens, live poultry—Young M— K | ens, 16a23; Leghorns, 14al7; old hens; * 12a15; Leghorns, 11812; old m 68" ducks, 9a12; guinea’ fowl, each, pigeons, pair, 15a20. —_— BALYIMORE STOCKS. o | Special Dispatch to The Star. LUMBER BUSINESS GAIN FOR QUARTER REPORTED By the Associated Press. The Timber Conservation Board re- | ports the relation of orders to business during the first quarter of 1933 favor- | able, new business exceeding the output by 33 per cent. All regions shared in the increase, which ranged from 13 per cent in the | West Coast region to 140 and 154 per cent in the Western pine and Northern hardwood regions, respectively. New business, however, in the quarter was 16 per cent below that of the cor- | responding months of last year, the board reported. The peak week of the | first quarter in lumber orders was that ended March 25. Since the guarter, however, produc- tion has continued to incresse, while ew business has declined until the week ended April 29, when both produc- tion and new business exceeded all pre- vious 1933 records. Favorable Dividend Changes. NEW YORK, May 20 (#).—Favor- | able dividend changes in the past week, totaling 11 were more numerous than in any other week of the past five | months, with one exception, says Stand- ard Statistics Co. This compares with one favorable change in the previous week. Unfavorable revisions numbered 22 against 12 the week before. PROPERTY Apartment House MANAGEMENT BALTIMORE, May 20— 581 Arundel co ton . T Arundel Corporation. lUflBll&ckF Tel :ol. m: el Balt 20 Commercial cud°n’7e- s Commercial Cred 240 Consolidated Gll 'BONDS. 0 Maryland Elec Rwy 6as. um United_Rwy_& Elec_1s [ WILL SELL. (Subject to Prior_ Sale) Southeastern Industrial Bankers Units @_$5.70 Per 1_Share 7% Preferred 2 Shares—Voting Comm THE COLUMBIA CO., 700 Southern Bldg. S A First Trust Loan on improved Real Estate INSURANCE of any kind REAL ESTATE you wish to sell or purchase INVESTMENT in 1st Mon(ale Notes Rental Prwpeny you desire managed Consult Floyd E. Davis Co. 733 12th Street N.W. NATL. 0353 ESTABLISHED OVER340 YEARS I IR IR ol MANAGEMENT E successful management of apartment houses is a business all by itself, requiring Market Averages By the Associated Press. long experience and capable judgment, to cope with all the ramifications which may arise. Our Property Management Department has specialized in apattment house management for many years and is therefore in a position to render com- petent service—a service which takes in every detail, relieving owners of annoying re- sponsibilities. 12374 | SW Bell T 5s A 54. 12415 | SUOII N J 55748 52r [ SLONNY 4%4n 1. (I 97 | 80 | Studebaker 65 42.. 17 33 32 861y 66 . % | dozen, 1.00a1.25. French Gv 714841, Gelsenk hen l 34. tweden 615< 54 | Swiss5us 46 | Tatwan Tenn B P Tex Corp eV 5s Tex&P 1st 58 Third Av rf 4 °60. Third Av adi 55'60. Sales. High Low. Close vaRylstbsA'62. 3 9615 96 a Ry & Pw hs 34, 1007 SW 15t en 58'58 57 | Ger Cant Bk 6338 | Ger Cen Bk 60 J Ger Cen Bk 6s 600 Ger Cen Ik 7550 Ger Gen Elec 2 ‘ Ger Gov 5% '60 German Rep 75 °49 Good HopeS& 7545 Goodrich 13 | Goodrich 51% | Goodyr Rub 58’57, . Grand Trunk §5'36. Grand Trunk 7s'40. Gt BritaIr 53237 28 103 GrtNor4%sD'76. 3 5% Grt Nor 448 E'T1. GrtNor5sC'73... | Grt Nor 5%s B'52. Grt Nor gn 7a'3¢ Wabash 1st b Wabash bs B Wabash ox D '8 W .bash 518 Th. .. Walworth 65 A 45. Warn Br P’ic 6839, Warn Quin 6% Warren Bros 6s'41. West Sh 1st 4s 2361 West E1 db b5 '44. . West Md 18t 4s'52. West Md 53871, West Pac 6s A 46, West Un cl tr 6s ‘38 West Unlon bs '51. West Union 58 °60. 6 1y 5 5 8 59 1 2 11% 100 Standard Dredge’ | L&P 58'57 100 8tand Drede .. Unton E Un Pac 15t 4347 Un Pac rf 45 2008.. Un Pac 4%5°67.... Uait Drug 68 '53. U 8 Rubber 68 '47 Un St W 6% Un St W 63%s A'51. “lvn St W 6%s CFl. Utah P& L 5s'44.. Ut Pw 5855 ww. Ut Pow 635 '4T.. W. Vanadium St 8°¢1. 84 Vienna 6s '52. The fee is very nominal but the service is very complete. B. F. SAUL CO. 925 15th St. N.W. MORTGAGE i NAr'l 2100 LOANS 5! Wh & L Ecn 4s'49 Wick Sp en ct 78"35 Yestn S&T 5s A'T8. Ygstn S&T s B'70. 20 Yates Mach . 850 Zenith Radio BONDS, Bg00 Chic Rys 5e aZctls 5 ‘Stock sales, 51,000 #hares. & SI5E 5,600 shares. 74 Ht 204 m.'; 7101 ‘warrants. Xw wnnuu; Varrants, 6 Hud& Mrf il fl. . 3 tA—thn issued.