Evening star. [volume] (Washington, D.C.) 1854-1972, June 12, 1930, Image 14

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Evening star. [volume], June 12, 1930, Page A-14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 12 June 1930. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1930-06-12/ed-1/seq-14/>

Newspaper Page Text

A-14
STORAGE COMPANY
ELECTS DIRECTOR
Morgan Named on Board.
D. C. Retail Sales Show
Gain in May.
BY EDWARD C. STONE.
Charles Carroll Morgan, orte of the j
6f the Washington office of
G. M. ?•. Murphy & Co., New York I
Stoc> 'Exchange brokers, has been elect- ’
eu to the board of
airectcrs of the
Federal Storage
Co., according to
announcement to
day by E. K. Mor
ris, president of
the Concern. The
other directors of
the company are
, Robert B. Hall.
James M. John
ston. Harold N.
Marsh. Charles r a
Stone, H. Han-1
dolph Barbee. D I
F. Gaillard. Henn I
■P. Irwin, C. Gris-I
fith Warfield ana*
Dafiiel L. Bordon.
Mr. Morgan is
one ol the younger financiers in the
"street." although he has been active
in the brokerage business for several
ypars. He was in charge of the bond
department of John L. Edwards & Co.
at the time that firm was acquired by
G. M. P. Murphy & Co., becoming as- j
filiated with th" New York brokerage |
house at that time. He is a former
president of the Washington Bond
Club, was one of the charter members
and is now on the board of governors.
Loral Sales t s p 2.J) Per Cent in May.
Retail sales in the department stores
In Washington in May were 2.9 per
cent, larger than in the corresponding
month in 1929, according to a report
just made by the Federal Reserve
Board. For the first five • months of
the present year they were off 4-10 of
1 per cent.
For the Richmond Reserve district as
a whole retail sales were up 3 per cent
in May and unchanged from last year
in the first five months of 1930. The
« New’ York Reserve district was the
only one of the 12 to make a better
showing.
Details for thg fifth district show a
ffaln of 5.5 in Mav sales and 4.3 in five
months. Lynehpirg was up 2.6 per
cent for the month, but down 4.6 per
cent for the five months. Norfolk
showed an 8 per cent gain in May and
a 2 per cent advance in five months.
Winston-Salem lost business in May to
the extent of 4.1 per cent and in the
five months 14 4 per cent.
Lessons from Stock Collapse.
Robert V. Fleming told Washington
bankers the other day what lessons he
considered the Wall Street November
fcreak taught the banks. In Boston
Richard Whitney, the new president of
the New York Stock Exchange, summed
Up some of the lessons he had drawn
from the same break. The collapse
was not without value, Mr. Whitney in
dicated. because of the lessons it taught.
First of all. he explained, the need of
a speedier ticker was driven home The
Exchange soon will have installed a
high-speed mechanism capable of han
dling 10,000,000-share markets. A sec
ond lesson learned was the safety of
brokers’ loans. He pointed out that the
loan total was deflated from 58,500,000,-
000 to barely more than $4,000,000,000
"without the loss of a penny to a single
lender."
A third item, he went on. was the
“necessity of maintaining flexible re
quirements concerning -.margins, not
only upon security collateral'loans, but
also upon brokers’ customers’ accounts.”
"Lastly,” he said, "it is my feeling that
in the panic last Autumn the Stock
Exchange again demonstrated the ne
cessity of holding its markets open as
far as this is humanly possible even
In the face of great liquidation.”
Acacia Business Improves.
The Acacia Mutual Life Association,
with home offices in this city, reports
that new business during May totaled
$5,834,395. as compared with 55,649.063
in Mav, 1929. During May new business
exceeded that of April by more than
$500,000.
In the opinion of Acacia officials, the
records established during April and
May are proof that the business is
available and that, despite general con
ditions. individual organizations can
go forward if sufficient efforts are put
forth?
With the first five months of the
year witnessing the establishment of
new records. Acacia is confident 1930
Will prove unusually satisfactory.
Brighter Bright Young Men.
'* The regulations for customers’ men
?iut out by the Stock Exchange as a re
ult of the Manhattan Electrical inves
tigation would have been welcome no
matter what the course, it was remarked
in brokerage circles yesterday. It was
pointed out. says the New York Times,
that in the good old boom days the
practice of making customers’ men of
pugilists or other athletes, or college
students w’ho failed of graduation, was
all too common. These men obtained
their positions not from their knowl
edge of the markets, but for their per
sonal followings. While most of them
were well meaning, it was said, their
deficiencies were all too noticeable w’hen
prices began to fall. The new regula
tions, the Times believes, should make
for higher standards among customers’
men.
Today’s Local Market Dull.
Today’s local Exchange session was
one of the dullest in many weeks, per
haps on account of the weakness on the
New York Stock Exchange, possibly be
cause the interest of investors in the
reparation bond issue, out today. More
* likely, however, it was because local
brokers were short of orders from their
customers for no particular reason.
Capital Traction sold to the extent
of 10 shares at 651 i. Potomac Electric
Power 5>2 per cent preferred figured
in a tiny sale at 107 while the 6 per
cent preferred appeared on the board
at 110%. Merchants Transfer & Stor
age preferred sold at 101 and 10 shares
of Mergenthaler Linotype changed
hands, ex-dividend, at 99 ! 4 .
Gleaned in Finanrial District,
emerican Ice Co. May profits esti
mated to be 10 per cent in excess of
May, 1929, when the company earntd
$521,350, after interest charges, but be
fore depreciation and taxes.
The David Pender Grocery Co. omitted
the regular quarterly dividend of 25
cents on the class B stock due at this
time. In the previous quarter an extra
dividend cf 25 cents was declared.
Howell B. Erminger. jr., of Chicago,
has asked the Interstate Commerce
Commission for permission to serve as
a director on the boards of the Chesa
peake & Ohio, Hocking Valley, Pere
Marquette and other subsidiary lines of
these roads.
Dividends have been declared on Di
versified Trustee Shares, series C, and
Public Service Trust Shares, series A.
according to announcement of G. VV.
Pratt L Co., located in the Tower Build
ing. Payment dates are July 1 and 15,
respectively.
Miss Marie Lorbeerbaum of Vienna.
Austria, has just been named head of
the travel department of the Interna
tional Exchange Bank. She is 23 years
old.
About 30 members of Washington
Chapter. American Institute of Banking,
have started their annual golf tourna
ment at the Bannockburn Country Club,
with enthusiasm running very high in
the preliminaries. The finals are to be
played in July.
Vv’ashington bankers are still puzzled
to learn why the New York stock market
takes a tumble every year while they are
ftw&y for the annual convention.'
FINANCIAL.
I NEW YORK STOCK EXCHANGE
Received ky Private Wire Direct to The Star Office.
(Continued From Page 13.)
Frev.lolo-, Stork and Sale- Pre».
High. Low. Dividrnd Ratr. Add 00. High. Low. Close. Close.
20'* 18 Kaufmann DS (1 V* ). 1 18 18 18 18
41!* 24*4 Kavser Julius (214). 4 28 2754 27T4 28
150 85 Keith-Albee-O pf 17). 2 106 105 105 105'/.
6% 3Vi Kelly-Spring Tire... 18 4>* 4% 4'* 4%
38V* 22V* Kelsey Haves <2)... 29 29** 28 28 29T4
26'* 7'* Kelvlnater Corp. ... 159 20*. 19'4 20 205*
62*4 41'* Kennecott Cop (3)... 146 44 41'* 43!* 44 1 *
59 49 Kimberiv-Clarkt t 3). 2 52*. 52*4 52** 53**
40'* 20 Kinney (G R) (1)... 2 38V* 38% 38Vi 38*.
8% tv* Kolster Radio 4 3T* 3!* 3T4 3*.
55'4 38'* Kraft Ph Ch (1V4)... 3 52 51Vi 52 53
I 36*4 29*. KresgefSSlCoil 40) 19 29** 29'. 29** 29*4
9 7% Kresce Dept Stores 1 85* B** RV* 9
i 62 45 Kresjre Dept Store pf 10s 45V* 45V* 45V4 45V4
j 35% 23*. Kreuger & Toll 1 60. 180 29V* 28'/* 29 29V*
i 48'-* 28*» Kroger Gr«&- Had' nl). 42 28*. 2754 285* 28V*
! *26Vj 21% LagoOH* Trans.... 6 23 23 23 23%
113 81'4 Lambert Co «8 > 58 87V* 84 87 88%
11 6 Lee Rubber A Tire.. 2 6 « 6 6V4
42 33 X.eh Port Cem (2V*).. 1 32*4 32*4 32% 33
17V* 9% Lehigh Valley Coal.. 1 9Va 9V4 9'* 10V4
84V* 70% Lehigh Valley<t4 V 4) 3 71% 71% 71V* 71%
97V* 78'» Lehman Corp (.1).... 14 8054 78V* 79!* 804*
36 24'* Lehn A Fink (S) 1 26 26 26 26
113*4 91V- Liggett & M.vers<ts) 6 96 94% 96 964*
1144. ' 91V* Llgg ft Mvers B( tSI. 116 97% 94% 95*. 97
142% 138 Llgg & Myers pf (7). 41 40 138'* 138% 139*4
49'. 27% Lima Locomotive... 2 28 27% 27V* 28
45". 39 Link Relt (2.60) 2 40 40 40 40
81% 52** Llauld Carbonic (4). 35 73 , 69 72 72
95*» 42% Loew’s. Jne (3) 166 77 72% 74% 76
96% 84 Loew'spf xw (6%).. 3 92% 92 92% 93%
6% 3% Loft. Inc 19 4V* 4 4 4
70% 50% Loose-Wiles (42.80). 25 64 60% 64 63V*
28% 16% Lorlllard (Pi Co 210 20% 18% 20% 20%
12 8 Louisiana Oil 7 •S% 8% 8% 8%
51% 38% LOU G & EKA) (154) 27 39 38V* 39 39%
138% 128 Louis A Nash (7).... 4 136 134 136 134
44% 28 Ludlum Steel (2).... 22 30% 28% 29% 30%
70 60 McCrory (B) (2)..., 1 57% 57% 57% 60
19% 14*. Mclntyre Pore M(l). 1 18% 18% 18% 19
. 89% 61 McKeespt TPI (t 5).. 17 80V. 78 80 80
37% 22 McKesson & Bob (2) 34 23% 22% 22% 23%
20% 13% McLellan Stores. ... 13 14!* 13% 14% 14%
; 88% 65% Mack Trucks <6).... 27 68 65% 65% 67
1 159'* 125 Macy(RH)&Co(nt3) 16 128 124% 128 125
15% 10% Madison Sa G «1V4).. 4 14% 13% 13% 13%
52' - 32% Magma Copper (5).. 1 34% 34% 34% 34
12% 6% Malllson&Co 13 10% 10 10*. 10%
50 15% Ma natt Sugar pf.... 60a 22 22 22 23%
55% 9% Man Eiec Supply 20 12% 11% 11% 11
40% 29% Man Kiev mod g (do) 18 29% 27% 27% 29%
24*. 15 Man Shirt (2) 2 15 16 15 15
10% 6% Maracaibo Oil Exp.. 4 6% 5% 5% 6%
55 39% Marlin-Rock <V4%).. 2 39% 39% 39% 40
30% 13% Matmon Mot (hsoc). 25 14% 13V* 13% 14%
48% 42% Marshall Field (2%) 47 42V* 41 41 42%
61% 37% Mathleson Alklll (2). 30 40% 40 40 41%
61% 47% May Dept Strs (n 2).„ 10 49 48% 48% 48%
23 16% Maytag Co (t 2) 1 16% 16% 16V* 16%
40% 29% Maytag Co pf (J). ... 1 30V* 30% 30% -30%
84% 76 Maytag Co Ist pf (6). 2 80 79% 79% 80
42 26% Melville Shoe (2).... 2 36% 35% 36% 36
23% 11% Mengel Co (2) 6 13% 12V* 12V* 13%
92% 83 Mengel Co pf (7). ... 10s 85 85 85 85
26% 23% Metro-Gold pf(1.89). 2 26 25 25 25V*
37 16% Mexican Seaboard... 450 24% 22V* 23% 24%
33% 17 Miami Copper (4)... 10 19% 18% 19% 20
77 53 Michigan Stl <m2%) 3 67V* 66% 67 68
33 23% Mld-Cont Petm (2).. 13 26% 25% 26% 26
2% % Middle States Oil ct. 12 1% 11 1%
53 32% Midland Steel (8).... 5 33 32 • 32% 33
110 90 Midland Steel pf (8). 3 94% 92% 92% 96%
28% 12% Minn Moline Pwr.... 19 18% 17% 17% 18V*
92% 72 Minn Moline pf (6%) 2 84% 83 84% 85
2% 1% Minn & St Louis 2 IV* 1% IV4 1%
59% 54 M StP & SSM lsd (4) 10s 58 58 58 59%
55% 50 MStP&SSMpf....* 1 50 50 50 51V*
66% 41% Mo Kan & Tex (1)... 97 43% 41 43 41%
108% 103 Mo Kan & Tex pf(7>. 16 105% 104% 105% 105
98% 70 Missouri Pacific 1 73% 73% 73% 75%
145% 125 Missouri Pac pf (6).. 1 126 126 126 126%
40 18% Mohawk Carpet 3 19% 19% 19% 19%
63*i 42 Monsanto Ch <gU4). 22' 44% 41 44% 44%
49% 35% Montgom Ward (S).. 386 41 38% 40% 40%
16V* S*« Moon Motors 16 9% 8 8 9
72 58% Morrell &Co (4.40).. 8 58 55 55 58
84 81** Morris&Essex (3%) 100 s 82 82 82 83
2 1% Mother Lode (20c).. 4 IV* 1% 1% 1%
11% 4% Motor Meter G A El.. 3 4% 4% 4% 4%
81 50 Motor Products (2).. 32 45** 44 45 62
34 26% Motor Wheel (3).... 3 26 24V* 24% 26%
20% 12% Mullins Mfg...’ 3 14 14 14 15
25V* 12% Murray (b2*&stk)... 80 17% 16 17% 17V*
.49% 35% Myer(FE) & Bro(2). 2 42% 42 42 42V*
58% 36% Nash Motors (6).... 8t 37% 34% 37% 37
132 118 Nash. Chat&StL (7). 230 s 120 119 119 120
26% 13 Nat Acme (1%) 3 14% 14 14 14
39% 11 Natl Air Trans 15 20% 19% 20% 20%
20 9% Natl Bella Hess 10 12% 12% 12% 12%
93 71 Natl Biscuit, n(2.80) 130 86% 82% 82% 83%
83% 53% Natl Cash Reg.A(t«) 57 57 55 56% 55%
62 45% Natl Dairy (32) 171 55% 53% 55 54%
24% 17 Natl Dept Stores (2) 10 17 16% 17 17%
39% 29 Natl Distillers (2)... 8 30% 30 30 30%
33% 22 Natl Enameling (2).. 2 22 21 21 22%
189% 137 Natl Lead <tS) 1 141% 141!* 141V* 141
143 138% Natl Lead pf (A) (7). 20a 140 140 140 140
119 116 Natl Lead pf(B) (6), 10s 118 118 118 118
58% 32 Natl Pwr ALt (1). .. 201 43% 40% 41% 42%
lv, % Natl Rys Mex 2d pf. . 2 % % % A,
98% 70% Natl Surety (6) 11 78 76 77 78V*
124", 101 Natl Supply (5) 1 112 112 112 112
41% 30 Natl Tea Co (2) 8 30% 29% 29% 30V*
32% 17 Nevada Copper (1 %) 41 18% 18 18% 18%
129 120 N O Tex & Mex (7).. 10s 120 120 120 121
58 38 Newton Steel (3).... 7 38 34V* 34% 38
47 40 N Y Airbrake (3.60). 1 41 41 41 42%
192% 164 N Y Central*!Blos 167% 163% 167% 164
144 110% N Y Chi & StL (6)... 1 109% 108% IQB% 110%
324 180 NY & Harlem (5)... 100 s 214 205 214 206
32 22 N Y Invest (1.20)... 22 23% 23 23% 23%
110 106% X Y Lack & Wst (5).. 10s 108 108 108 106%
128V8 107% NYN H & Hart (6)., 21 108% 107% 108% 108%
135% 119 NYNH & H pf (7).. 1 120% 120% 120% 121
37% 10% N Y Ont & Western.. 2' 11% 11 11% 11
4% 2 N Y Railways pf.... 1 2 2 2 2
104 100 N Y Steam pf (6) 10a 103% 103% 103% 103%
116% 110 N Y Steam Ist pf (7) 20s 114% 114 114 114%
265 226 NorT A Western (10) 6 230% 229 230 230%
15% 9V* North Am Aviation.. 54 8% 8% 8% 8%
132% 93% NortlvAm(blo%stk) 208 114 110% 111 114
57 51 North Amer pf (3).., 7 55% 55% 55% 65%
105 100% North Am Ed pf (6).. 1 104% 104% 104V* 104%
97 76% Northern Pacific (6). 20 78% 76 76 78
96% 75% North Pacific ct (5).. 8 75V* 74% 75% 76
4 % Norwalk Ttra & Rub. 2 1% 1% 1% 1%
15% 9% Oil Weil Supply 3 10% 10% 10% 10%
34% 13% Oliver Farm Equip.. 28 23% 21 22 22%
904* 70 Ollv Fr Eq pf A (6).. 2 83% 82% 82% 83%
46% 31% Ollv Fr Eq cv pt(S).. 4 36 34% 35% 35%
8% 2% Omnibus Corp 2 4% 4% 4% 4%
99% 63 Orpheum Clr pf (8).. 20s 86% 86% 86% 88
80% 67 Otis Kiev, n(2%).... 47 69'% 66% 68 67%
127 118% OtlsElev pf (6) 10* 128 128 128 127
38V* 29 Otis Steel (2%) 4 28% 28% 28% 28%
60% 50% Owens.lll Glass(n4). 2 60% 50% 60% 51
74% 62% Pacific Gas* El (2). 35 63% 61% 63% 62
107%. 72 Pacific Lighting (*). 36 84% 81 84% 85%
178 138% Pacific Tel ATel (7).. 30s 140 139% 139% 138%
23% 14% Packard Motor (1).. 2U 16% 14% 15 15
64% 51% Pan-Am Petrolm.... 2 68 67 58 59
67V* 50% Pan-Am Petm (8)... 29 68 67 57 57%
12% 4% Panhandle PAR.... 8 8 7% 7% 7%
77% 48% Param’nt Publlx (4). 293 64% 60 63% 64
35% 20% Park & Tilford (J 3).. 11 25% 21% 25% 24
4% 2% Park Utah 2‘ 2% 2% 2% 2%
26% 12% Parmelee Trans X V 4.. 6 IS 12% 13 13
9 2% Paths Exchange 14 4% 4% 4% 4%
19% 5 Pathe Exchange (A). 13 9 8!* 8% 8%
32% 18% Patino Mines 4 18% 18% 18% 18%
14 6 Peerless Motor Car.. 2 6% 6% 5V* 6%
55% 26% Penlck A Ford (1)... 73 44% 39% 43% 44%
80 63 Penney (J C) (J).... 6 63% 61V* 63% 64%
100% 93% Penney(JC) pf A(6). 1 100 100 100 100.
12% 8% Penn Coal & Coke..., 2 8 8 8 8%
12 6% Penn Dixie Cement.. 18 8 7% 7% 8
86% 72% Penna R R (4)....... 69 74% 73% 74% 74
60% 50% Peop Drug Strs(l).. 1 45% 45% 45% 50%
$25 230 People's Gas. Chi (*) 11 284 275 284 280
99 95 Pere Marq pf (5).... 1 97% 97% 97% 97%
101 94% Pere Marq pr pf (6).. 20s 99% 99V* 99'/* 99V*
21% 17% Pet Milk (1%) 2 14% 14 14% 19%
27'* 24 Petrol Corp (1%)... 126 24% 23% 24% 24%
44% 34% Phelps Dodge (3)... 70 36% 36 36% 36%
. 25V* 11% Phila Read C A 1.... 200 19% 18% 19% 19%
15% BV* Philip Morris (1).... 11 11% 11 11 'll
27% 20 rhillips-Jofies Corp. 1 20% 20% 20% 20
75 70 Phillips-Jones pf(7). 30s 70 70 70 70
44% 29% Phillips Petrm <n2).. 127 33% 32% 33% 33%
20% 10% Phoenix Hosiery.... 2 12 12 12 15
2% 1 Pierce OH 22 1% 1% 1% 1%
52 20% Pierce Oil pf 1 35 35 35 36
7% 2% Pierce Petroleum.... 22 5% 5% 6% 5%
37% 80 Plllsbury Flour (2).. 6 30 29% 30 30
AO% 42 Plreill of Jtaly(3.X4). 10 42% 42 42 42
78'* 54 Pittsburgh C0a1..... 1 65 55 55 58%
22% 17% Pittsbgh Screw 1.40. 6 20% 20 20 20%
155 151 Pitts Ft WAC pf (7). 10s 154 154 154 155
103 98V- Pitts Steel pf (7).... 10s 98 98 98 98%
121% 98% Pitts AW Va <6).... 1 93 93 93 98%
22% 20% Pittston Co (37%c).. 2 22% 22 22% 22%
34% 25 Poor ACo (B) (2)... 14 25% 25 25 25%
27% 12 P Rican Am To (B).. 18 14% 13% 14V4 14%
103 97 Postal Tel A C pf(7) 2 99 97 97 99
54 40 Prairie OH A Gas(2) 21 41% 40% 40% 41%
60 44% Prairie Pipe L 116).. 41 45% 4'4% 45 44%
16% 7% Pressed Steel Car... 14 8% 7% 7Vfc 7%
78% 52% Proc A Gamble (2).. 31 70% 68 68 69
11% 6% Prod A Refiners 2 8% 8% 8% 8%
40 31 Prod A Refiners pf.. 20s 34 34 34 34
f 123% 81% PubServ.N J U. 40). 123 105 101 104 103%
1 97% 97% Pub Ser. NJ pf wi(s) 3 '97% 97% 97% 97%
; 112% 106% PubServNJ pf («). 249 119% 112% 112% 112%
112 107% Pub Serv EAG pf (6). 1 109% 109% 109% 110%
89% 69% Pullman Corp (4)... 25 70 . 68% 70 69%
1 8% 1% Punta Alegre Sugar.. 6 1% 1% 1% 1%
27% 21% Pure Oil (1%) 68 22% 21% 22% 21%
' 114*4 110% Pure OH pf (8) 10s 112% 112% 112% 113%
j 88V* 65% Purity Bakeries (4). 50 66 63% 63% 67%
e 69% 34% Radio Corp 1926 42% 39% 41 41%
57 53 Radio pf A (3%). ... 1 55% 55% 55% 66%
j 85 68 Radio Corp IB) (6). 6 75> 75V* 75% 75%
t 50 19 Radlo-Kelth-Orph A 1026 33% 30V* 31% 32%
e 58V* 33 Raybestos Man 2.60.. 24 36% 33 34% 35
141% 110% Reading Rwy i«)..0 6 112 111 111% 116
Mr,%!
C. C. Morcan.
THE EVENING STAR. ’WASHINGTON’. P. C., THURSDAY. JEXE 12. 1930.
Stock and Sale*— JT. r * T ’
Hirh. Lew. Dividend Rate. Add (Ml. Hirb. lew. Close. Close.
• 67 47% Reading 2d pf (2)... • 2 49 49 49 4 *
64V* 43% Real Silk (5) .... 14 46 43 45% 47
5% 3 Reis (Robt) A C 0... 4 3 3 3 3%
46V* 25% Rem Rand 0.60).... 84 31% 30 30% 31
102 95 Rem-Rand 2d pf(6). 40s 101 101 101 101
14V* 9% Reo Motor Car (80c) 18 9% 9% 9% 9%
79% 50% Republic Steel (4)... 76 52% 49% 61% 62
96% 95 Republic Steel pf (6) 35 95 95 95 96
34% 28% Reynolds Metis 2.40. 22 28% 27 28 28%
7% 4 Reynolds Spring—. 18 4 4 4 4
80 70 Reynolds Tob A (3). 50s 73V* 73% 73% 73%
58% 49 Reynolds Tob B (3). 109 60% 50 50% 60%
28% 19 Richfield 011 (2).... 43 : 19% 18% 19% 19%
26% 16% RloGrandeOH (2).. <3 19% 19 19% 19%
48% 32% Rossla Irfsur (2.20).. ls» 34 32% S3V* 33
56% 49% Roy Dutch <a1.3415). 34 51% 51% 61% 61%
122% 88 Safeway (es> 36 90% 86% 90% 91%
99% 94 Safeway Pf (6) 17()e 99 98 99 98V*
109V* 105% Safeway Strs pf (7). 10* 109 109 109 108
118% 104 St L-San Fran (8)... (12 105 105 105 104%
101 92 St L-San Fran pf (6) 3 98% 98V* 98% 98%
31% 23 Savage Arms (2).... il3 22% 20% 21 23
13% 4V* Schulte Retail Strs.. 4 8% 8 8 8
12>* 7% Seaboard Air Line... 4 7% 7% 7% 7%
14% 9% Seagrave (e1.20).... 3 10% 10% 10% 10%
100% 76% Sears Koebuck(l2 %) 135 78 75% 77 77%
23 9% Second Natl 1nv..... 6 10% 10 10 10
3% 1% Seneca Copper 1 2 2 2 1%
13% 7% Servel. Ire 52 9% 8% 8% 8%
32% 20% Sharon Steel H (2).. 2 20% 23% 20% 21%
27% 17 Sharp A Dohme 6 18% 18% 18% 19
63% 54 Sharp &Dopf (3 %).. 6 58 68 68 68
52 36% Shattuck(FGMtlH) r 4l 41% 39% 40 41V*
48% 42% Shell Tra<lATr(a97c) 130 s 45% 45% 45% 45
25V* 19% Shell Union (1.40)... 45 20% 19% 20% . 19V*
106V* 97% Shell Un Oil pf (6%) 2 99 98% 98!* 99
35 8% Shubert Theatres.... 19 18% 17% 18% 17**
94% 30V* Simmons Co (8).... 85 31% 30% 30% 31%
37 21V* Simms Petrm (1.60). 19 22% 21 21% 21%
32 21% Sinclair Con 011 (2).. 240 25% 25 25% 26%
42 28% Skellv 011 (2) 55 32% 32% 32% 32V*
99% 93V* Skelly Oil pf (6) 8 93% 93% 93% 94V*
8 5% Snider Packing 15% 5% 6% 5%
118 95% Solvay Am pf (6% ).. 6 111% 111 111 112%
30% 20 Sou Porto Sug (1.40). 6 20!* 19% 19% 20%
122 108 So Port Ric Spf (8) . 60s 108 108 108 108
72 56% Southern Cal Ed (2). 45 62V* 60% 62% 61V*
12J 116 Southern Pacific (6). 18 118 116% 117 117
136% 101% Southern Rwy (8)... 8 107 107 107 107
! 101 97V* Southern Rwy pf (5) 2 98% 98% 98% 98V*
135% 90 Sou Rv M*O ct (4). 1 100 100 100 108V*
45 33 Spalding (A G) (2). . 2 38 38 38 38
36% 19% Spang-Chalfant 20 32% 31% 32% 31V*
30% 13% Sparks Withngtn(l). 40 21% 20% 21% 20%
10% 6 Spear Aco 200s 7% 7% 7% 7%
25 20% Spencer Kelg (1.60).. 1 20% 20% 20% 21
36% 20% Spicer Mfg 5 21 20% 20% 21
45% 39% Spicer Mfg pf (.1).... 2 39% 39% 39'% 39%
52 24 Spiegel-May-S (5)... 6 25% 24V* 25 24
29% 20% Stand Brands (1%).. 149 20% 20% 20% 21
129% 102% Stand GAE (3%)... 93 107% 102% 104 106%
67 64 Stand GAE pf (4).., 2 66 66 66 65%
100% 100 Stand Gas& El pf(6). 2 100% 100% 100% 100
113!* 110% Stand Gas&El pf (7). 1 112% 112% 112% 113%
75 55V* Stand Oof Cal (2%). 87 65% 62% 64% 64V4
104% 98 Stand Oil Exp pf(6).. 5 101% 101 101% 101%
49 35% Stand Oil of Kan (2) 43 35% 34% 35% 35%
84% 68 Stand Oil of N J(t2).1200 72% 69% 71 71%
40% 31% Stand Oil N Y (1.60). 118 33% 32% 33% 33%
3 1% Stand Plate Glass... 6 1% 1% 1% i%
10% 3 Stand Plate Glass pf 130 s 2V* 2% 2% 3
47% 33 Starrett (LS) (t 2%) 3 39% 36 39% 40
20% 10% Sterling Sec (A) 18 14% 13% 14 14V*
14% 12 Sterling Sec pf (1.20) 2 13% 13% 13% 14
48 36% Sterling Sec cv pf(S) 3 42% 42% 42% 43V*
47 25% Stewart-Warner (1). 38 27 26 26V* 27%
113% 77 Stone A Webster (4). 93 87% 84% 86% 88%
47Vi 31 Studebaker Corp (4). 74 32 30% 31 32
125 116 Studebaker Co pf (7). 70s 122 122 122 122
1% % Submarine 80at..... 1 % % % %
70 53 Sun OH (11) 5 60% 60% 60% 60%
105% 102% Sun Oil pf (6) 420 s 104% 104% 104% 104%
9% 5% Superior OH 16 6% 5% 6 6%
29% 18V* Superior Steel 19 18% 16 16 18%
15% 8% Sweets of Amer (1).. 3 11% 11 11 11%
72% Symington 5 3% 3% 3V* 4
17% 8% Syftjington (A) 8 9 8 8% 9%
26% 15% Telaut Corp (t 1.50)., 2 19 17V* 17V* 19
17 12% Tenn Cop ACh (1).. 16 12% 12% 12% 12%
60% 50% Texas Corp (3) 86 53V* 52% 6?% 53%
67% 54V* Tex Gulf Sulphur(4) 165 65% 53% 55V* 55%
14V* 8% Texas PC A Oil 20 9% 9% 9% 9%
32% 13% Texas Pac Land Tr.. 206 22% 20% 21% 21%
36% 18 Thatcher Mfg (1.60). 12 20% 20 20% 22
48 40% Thatcher pf (3.60).., 3 43 43 43 43
32 26 The Fair (2.40) » 16 26V* 25 25 26V*
26% 20% Thermold Co (3).... 36 zlV* 20% 21% 22%
15% 7% Third Avenue 2 8% 8% 8% 9%
46% 32 Third Natl Inv (3)... 1 31 31 31 32
47V* 36% Thomp (J R) (2.60).. 1 39% 39% 39V* 37%
39% 24% Thompson Prod(2.4oj 12 25 24% 241* 22%
18% 11 Thompson Starrett.. 6 13 12% 12% 12%
49% 40 Thomp-Star pf (3%) 2 42% 42% 42% 43
17% 10% Tide Water As (60c). 157 15% 14% 15% 15%
89% 78 Tide Water As pf (6) 4 87 86% 86% 87V*
21% 14V* Timken Det Ax(80c). 6 14% 14 14% 14%
89% 64% Timken Roller (3)... 32 66V* 64% 66V* 64V*
6% 2% Tobacco Products... 2 4% 4% 4% 4%
12 7% Tobacco Products A_ 15 10% 10% 10% 10%
6% 2% Tob Prod div ctfs A.. 16% 5% 5% 6%
6 3% Tob Prod div ctfs 8.. 15% 5% 5% 6
6 2% Tob Prod div ctfs C.. 15% 5% 5% 6
24 16% Transcontl Oil (30c). 185 18% 17 18 18V*
28% 12 Transue A W (1).... 14 13V* 12V* 13% 13V*
20% 11% Tri-Conti Corp 73 12% 12 12% 12
94 89% Trl-Cntl Corp pf-(6). 10 93% 93 93V* 93%
41% 30% TricoProd (2%).... 2 33% 32V* 32V* 33%
22 15 TruaxTraer (1.60).. 1 14% 14V* 14% 14
138 96% Und-EU-Flscber (6). 66 97 94 95% 97%
17% 10 Union Bag & Paper.. 3 12% 12 12 13
106% 75 Union Carbide (2.60) 312 78V* 74% 76% 78
50 41% Union Oil of Cal (32) 14 43% 42 43V* 42%
242% 215 Union Pacific (10)... 13 220% 218% 220 219
86% 82% Union Pacific pf (4).. 4 86 86 86 86%
38% 31 Union T’k Car (1.60). 1 31 30 30 32%
99 43% Utd Aircraft 554 63% 58% 61% 61%
77% 56 Utd Aircraft pf (3).. 3 64% 64 64 65
68% 36 Utd Biscuit (1.60)... 13 51V* 50 51% 50
30 22% Utd Business Pub... 40s 22% 21% 21V* 22V*
84 44% Utd Carbon (2) 68 Sfi% 54% 55 65
’ » 4 Utd Cigar Stores...., 14 7% 7*4 7% 7%
68 26 Utd Cigar Strs pf.... 1 63% 63% 63% 64
52 30% Utd Corporation.... 1612 38% 36 37% 38%
53% 46% United Corp pf (3)... 14 51% 50% 51% 50%
19V* 7% Utd Electric C0a1.... 14 7% 7% 7% 7%
105 86% Utd Fruit (4) 7 88% 87 Bfe% 87'*
49% 31% Utd Gas A lmp(1.20) 852 39% 38 38% 38%
14 5 Utd Paperboard 3 5% 6% 5% 5
114 97 Utd Piece Dpf (6%). 2 101% 101% 101% 102
14% 4% Utd Stores (A) 15 12% 11% 12% 11%
43% 15% Utd Stores pf 12 40 39% 39% 394*
32% 18% US & For Secur 13 20 19% 19V* 20
101 85% US A For Sec pf(6).. 1 96% 95V> 95% 96
103 70 US Freight (3) 11 67% 61% 62% 70
30% 19 U S Hoffman (2).... 3 22% 22% 22% 23
139% 74 U S Alcohol <t7).... 22 78% 76 77% 75%
15% 7% US Leather 1 U)% io% 10% 10%
92 77% U S Leather pr pf (7). 1 91 91 91 91
38% 181* U S Pipe A F (2)..... 37 31% 30% 31% 30%
21 15% USPipe AF Ist 1.20. 2 20 20 20 20
75% 59 US Realty (6) 23 59% 68% 59% 60%
35 21% US Rubber 61 25% 24 25 25
63% 46% U S Rubber Ist pf.... 4 47 46% 46% 47
36% 21% US Smelt Ref (3%). 22 23 21% 21% 22%
63% 48 U S Smelt Ref pf 3% 1 48% 48% 48% 49%
198% 160% U S Steel (7) 854 165 161 163 163%
146 141 U S Steel pf (7) 20 145% 145% 145% 1451,
68 60% US Tobacco (4) 1 64 64 64 64
39 31 Univ Leaf Tob (3)... 1 30% 30% 30% 31%
9 2% Univ Pipe A Rad.... 8 5% 5 5 5%
45% 31% Util PwrALt A (e2)„ 85 36 34% 36 35%
7% 3% Vadasco Sales corp.. 5 3% 3% 3% 3%
143% 49% Vanadium Stl (T 4).. 1123 97% 88% 92% 9%
8% 5% Va-Car Chem 16 5% 5 5 5%
34% 26% Va-Caro Chem 6% pf 3 27 26% 27 28
, 82% 78 Va-Caro Chem pf (7). 1 76% 75% 76% 80
115 105% VaEl&Pwrpf (7).. 10s 113% 113% 113% 112%
156 65 Vulcan Det (4) 240 s 83% 78 83 83%
149V* 68 Vulcan Det A (4).... 10s 80 80 80 90
67% 40 Wabash 28 40% 38% 39% 40
31% 24% Waldorf SvstmO %). 29 28% 27% 28 28%
103 97 Walgreen pf (6%)... 1 100% 100% 100% 101
42% 26 Walworth Co (2).... 28 28% 26% 26% 28V4
1 54 21% Ward Baking (A)... 40s 34 34 34 33
1 15% 4% Ward Baking (8).... 27 9% 8% 8% 9%
1 77V* 68 Ward Baking pf (7). 1 65 $5 65 64%
1 80% 38% Warner Bros Plo <*). 1247 61% 47V4 49V* 50%
1 70% 361* War Bros Ppf (2.20) 3 46% 46% 46% 47
27 15% Warner-Quinlan <1). 54 15% 15 15% 15%
63% 48% Warren Brqs (3).... 19 51 50% 51 50%
43% 23% Warren Fdy A P <2). 10 33% 31% 32 34
19% 6% Webster-Eisenlohr.. 2 6 6 6 6
29% 22% Wess oil A Snow (2). 2 25% 25% 25% 25%
1 69% 50% Wess OASn pf (4).. 3 57% 67% 57% 57%
110 99 West Penn El A (7).. 10s 107% 107% 107% 107 *
> 101V* 97% West Penn El pf (6). 60s 101% 101 101 101
110V* 105% West Penn El pf (7). 60s 110 109% 110 110
24V* 13V* Western Dairy (B).. 3 17% 17% 17% 17V*
. 36 21% Western Md 43 25 23% 24% 25%
1 219% 168% Western Union (S).. 32 171% 166 170% 171
52 40 Westinghae A. B (2). 21 40% 40 40% 40%
. 201% 140 Westlnghse EAM (6) 467 156% 150V* 152 156%
i 197% 133 Westhse EAM pf (6) 50s 156 156 156 165%
. 48% 29% Weston El Inetr (1). 7 37 35 36% 35%
1 59% 37 Westvaco Chlor (2).. 4 42 41. 41 43
> 43 31 White Motors (2)... 14 34 33% 33% 33%
54% 36% White Rck MS(t4%) 7 46% 44 46% 45
< 13% 6% White Sewing Mach. 9 76% 76%
« 21 11% Wilcox OH A Gas.... 4 18 17% 17% 17%
i 11 6% Willys-Overland.... 39 76% 6% 6%
85 66V* Willys-Over pf (7).. 1 66% 66% 66'/* 66!*
* 7% 3% Wilson ACo 9 4% 4 4 4%
72% 58% Woolworth (2.40)... 54 59V* 69 59% 60
» 169 67% Worth Pump 141 146 133% 142 140
* 73% 67% Wrlgley <Wm) (4).. 7 71% 71 71 71
‘ 32% 12% Yellow Truck 350 25% 22% 24% 24%
* 47 36% Youngs Spring (3).. 10 37% 87 37 37%
* 16% 5% Zenith Radio 26 11 10% 10% 10%
* RIGHTS EXPIRE
* 22% 18% Am Tel A Tel. Aug 1 761 18% |lB% 18% 18%
* 21% 20V* (’hes A Ohio.. July 2.1 41 20% 20 20 20V*
1% 1% DuPont deN .July 15 269 1% 1% 1% 1%
, % V* Gamewell. . ..June 23 27 . % % % %
? 1% 1% Haokensk W.. .July 1460 sl% 1% 1% 1%
l 1% % Phillips Pet.. June 16 298 % % % %
10:3<l A.M 497.400 12:00 Noon 1.972.800
*;s• FJ£.. 2.777.900 - 2.10 P.M.8.190.000
9
i
BONDS ARE LOWER
ON BIG OFFERINGS
Market Declines as German
Reparations Issue Is
Offered Public.
BY F. H. RICHARDSON.
flperlal Dispatch to The Bt»r.
NEW YORK. June 12—At a time
when the bond market was going
through a test on its own account
through the offering of the $98,250,000
German government international 5%
per rent, bonds at 90, it had to bear
an additional load today with heavy
forged liquidation resulting from the
slide tn stocks. The result was a weak
market, with only a sprinkling of firm
or strong issues.
The Young-plan loan in itself might
have been easily absorbed because of
its attractive prirp, with money rates
still clinging closely to their low range.
But. the collapse of stock prices proved i
too much for the bond market.
At the opening the new German loan
sold ns high as 1% points premium,
but it was later thrown onto the mar
ket in large blocks and the premium
was cut in half. The offering syndi
cate is one of the largest, ever formed
In the United States and covers every
sizeable city in the country. The books
were held open at the offices of J. P.
Morgan & Co. until noon. It was then
announced that there had been a heavy
oversubscription. One feature of its
distribution was the large participa
tion of banks.
Prime bonds were ragged. The lib
erty issues were actively higher, but in
the rails. Industrials and public utili
ties fractional losses were the rule.
There were declines in Canadian Na
tional ss, Canadian Pacifls 4s, Great
Northern 7s, American Telephone 5%5,
Standard Oil of New Jersey ss. Phila
delphia Co. ss, Utilities Power & Light
s'is and American & Foreign Power ss.
Convertibles, of course, followed stocks
into new low ground for the current
movement.
Junior rails were heavily sold, losses
resulting in St. Paul adjustments, which
went to a new low; St. Paul ss. Erie ss,
Missouri-Pacific 5%5, Frisco dVJs, Sea
board Air Line 6s, Southern Railway 4s
and Boston & Maine ss. In industrials
of a semi-speculative order American
Natural Gas 6*is and Armour of Dela
ware sVis dropped a shade. Oil com
pany credits were lower and so were
traction bonds. National Dairy Prod
ucts s'/4S were one of the few issues to
make any headway.
Foreign bonds started strong under
the influence of the new German loan,
but subsequent selling assumed large
proportions and declines were the rule
in each group save the Italian.
Apart from -the $98,250,000 German
loan, the only offerings in the new
capital market consisted of about
$9,500,000 in municipals.
Washington Stock Exchange
SALES.
Capital Traction—lo at 65 *£.
Potomac Electric 5%% pfd.—2 at 107.
Merchants’ Transfer & Storage pfd.—s
at IGI.
Mergenthaler Linotype—lo at 99T4.
AFTER CALL.
Potomac Electric 6% pfd.—s at 110%.
BONDS.
Bid and Asked Prices.
PUBLIC UTILITY.
Bid Asked.
Amer Tel. & Telga. 4V,s ’33... 100%
Amer. Tel. it Tele*. 4%s '39... 167
Am. Tel. A Tel. ctl. tr. 55..... 105
Anacostla A Pot. R. R. 5s 83
Anacostia & Pot. guar. 5s 94 96
C. A P. Tel. ot Va. 5s 101 % 103
Capital Traction R. R. 5s 93% 94V*
City & Suburban 5s 81 83
Georgetown Gas Ist 5s 103
Potomac Elec. cons. 102%
Potomac Elec. 6s 1953 106%
Wasn., Alex. A Mt. Ver. ct( 2
Wash.. Balto. A Annap. 5s 66
Washington Gas 5s 102%
Wash Gas 6s. series At 101% 102"*
Wash. Gas 6s. series B 104‘* 105%
Wash. Rwy. A Elec. 4s 86% 87
MISCELLANEOUS.
Barber A Ross. Inc.. 6%s 90 91
Cham -Vanblt. Hotel tL%* 75
Chevy Chase Club 5%s 100
D C. Paper Mtff. 6s. 73 80
W. M. Cold Storage 5s 95
Wash. Cons. Title 8s 82 95
STOCKS.
PUBLIC UTILITY.
Amer. Tel. A Tel. <d9> 215%
Capital Traction Co. (61 65% 66
Wash. Gas Light Co. (181 124 127
N. A W. Sceamooat idl2) 240 260
N. A W Steamboat rts wi 17 17%
Pot. Elec. Power 6 . p(d.. 110'% 111
Pot. Elec. Power 5%V Ptd 107 108
Wash. Rwy it El. com. <7>.... 550
Wash. Rwy. A El. pfd. (5< 98% 99
Wash.. Balto. A Annap. com.. 5
Wash.. Balto. A Annap. pfd.... 5
NATIONAL BANK.
Capital (14) 230 250
Columbia < 12) 400
Commercial (stamped) (10) ... 230 240
District (8) 215 250
Pedei al-American (10) 275 290
Liberty (71) 210 220
Lincoln (12) 400 435
Metropolitan (14) 350 380
Riggs (15i 470 500
Becond (9e) 185 210
Washington (13) 250
TRUST COMPANY.
American Sec. A Trust (15>... 385 410
Continental Trust (61 125 150
Merchants' Bank A Trust <6).. 125
National Sav. A Trust (12t).... 550
Prince Georges Bk. A Trust.. . 30 40
Union Trust (8g( 250 275
Washington Loan A Trust 485 510
SAVING 3 BANK.
Bank of Bethesda (65) 60 85
Commerce A Savings (10) 330
East Washington tl2> 25 35
Potomac (10).. 65 75
Security Sav. A Com. Bk. (17). 482 500
Seventh Btreet (12) 305
United States (SO) 530
Washington Mechanics’ (20)... 50
FIRE INSURANCE.
American (12) 522 .....
Corcoran (10) 150
Firemen (8) 36% 40
National Union (15) 23 24
TITLE INSURANCE.
Columbia (6h) *% 12
Real Estate (6h) 160 .....
Title A Inv. Co. of Md. com... 20 SO
MISCELLANEOUS.
Barber A Ross. Inc., com 15% 20
Chevy Ch. Dairy pfd. (7) 103 10#
Col. Sand A Gravel pfd. (7)... 94 96
D. C Paper Mfg. pfd 35 60
Dist. Natl. Sec pfd. (7) 70 85
Emer Bromo-Selz. "A" (2).... 31 33
Federal Storage pfd. <B> 110 125
Fed.-Amer Co. com. (1.20 f) ... 30 34
Fed.-Am. Co pfd (6) 99% 102V*
Lanston Monotype 18) 118 125
Mer Tr. A Stge. con). 'lo' ... 109 111
Merch. Trans. A Slg. pfd (7).. 100 104
Mergenthaler Linotype (6) ’99% 100
National Mtge. A Inv pfd. ... 5% 6
Peoples Drug Stores pfd (6%s>. 104 106%
Real Fst. M. A G. pfd. (8) 7 8
Security Storage <4e) 114 118
Ter. Ref. A Wh. Corp. (3) 47% 52
The Carpel Corp. (1.50) 24 28
Wash Mfch. Mtge. com. (8).... 9Va 10
Wash. Med. Bldg Corp 95
Woodward & Loth. pfd. (7) ... 107 112
•Ex dividend. y2%(4 extra.
B Books closed. gSS, extra
n2sc extra. h4(4, extra.
f3oc extra. 75 r » extra.
51% extra. wiWhen Issued.
e1%% extra. dEx rights.
s 2(« extra.
• ——-
SHORT-TERM SECURITIES.
(Reported by J. & W. Seligman A Co.)
Bid. Asked.
Allis-Chalmers Co. 5s 1937 101% 101%
American Tel. A Tel. 5%s 1943. 107% 107"*
American Thread 5%s 1938 100 100%
Baltimore A Ohio 4%s 1933 ... 100 100%
Batavian Pet. Corp. 4%s 1942 . 94% 94%
Bell Tel. of Canada 5s 1957 102'* 103
California Pet. Corp. 5%s 1938. 102 102%
Canadian Nor. Rwy. 4%s 1935.. 99% 100%
Chicago Rock Island 4s 1934.... 97% 97%
Chile Copper Co. 5s 1947....... 96% 96%
Cudahy Packing Co. 5%s 1937.. 98 98"*
Oen. Mot. Accep. Corp 6s 1937 102% 103
General Pet Corp. 5s 1940 . 102 103
Oeneral Theaters Equip. 6s 1940 97% 98
Goodyear T. A R 5s 1957 93% 94
Grand Trunk ol Canada 8s 1936 105% 105%
Gulf Oil of Pa. 5s 1937 101 101!*
Humble Oil 5%s 1932. .. 101% 102
Internat. Match Corp. 5s 1947.. 90% 100
N Y„ Chi. A St. Louis 6s 1932 102% 103
Peop. Gas. Lt A Coke 4%s 1930 99%
Phillips Pet: Co. s'/*s 1939 95% 98V*
Pure Oil Corp. 5%s 1937 99% 100
Shell Union Oil Co. 5s 1947. ... 96% 96%
Sinclair Crude Oil Co. 5%s 1938 100% 100%
Standard Oil N. Jersey 5s 1946 103 103%
Standard Oil N. York 4%s 1951 100'* ioo%
Bt. L.. Ir Mt. A So. Ry. 5s 1931 100% 100"*
ISt. L.. Southwestern Ry. 4s 1932 99 99V*
Swift A Co. 5s 1932 100% 101
Union Oil Co. of Calif 5s 1935. 100". 101**
United Drug Co. 5s 1953 97% 97%
U 8 Rubber 5s 1947.... 84", 85
Western Electric Co. 5s 1944 . 103'', 104' ,
Wheeling Steel Corp. 5%s 1948. 102V* 102%
Wheeling Steel Corp. 4V*a 1953 . 90% 91V*
J - ||
J [ ON NEW YORK .BONDS STOCK EXCHANGE |
Received by Private Wire Direct to The Star Office
UNITED STATES.
(Sales are In *1.000.»
Sale* High Low Close
Mb S%» 35 100 27 100 25 10027
Lib Ist 4H*. . 13 10131 10130 10130
Lib 4th 4H s. 179 1021# 102 102 17
U53%5'47.. 11 101 22 Ml 22 101 22
US3%s 11 106 12 1068 10612
US 45’44.... 21 108 27 108 20 108 20
US4 Ho 52.. 2 113 4 1134 113 4
FOREIGN.
Sale*. High. Low Close.
Argentine 6s Ju '69 7 99* 99
Argentine. Mar’*l ■l3 SON. 98% 99*
Argentine *s Oct’S# 16 99* 98% 99*
Argentine 5H»'62. 4 93 93 9.1
Argentine *s A.... 4 99 96% 96%
Argentine 6s 8.... 16 99% 9* l . 98%
Australia 4 ‘56.. 14 81* 80* 80%
Australia Ks’fiS.... 26 88% 81* «.*
Australia 6s *57 .... 16 89 89 83
Austria 7s 8 105* 104* 101*
Bank of Chile 6%5. 4 96 95* 95*
Bank of Chile 6Ha. 4 98* 97% 97%
Batavian Pet 4*B. 3 94* 94* 91*
Belgium «s 21 10"% 103* 103%
Belgium «%* 3 109 109 109
Belgium 7s*RR 16 113% 11?% 112%
Belgium 7s *66 M 109% 108* 108*
Belgium *s 14 109% 109% 109%
Bolivar 7s *SB 1 78 78 78
Bolivia 7« etfs-*69.. 5 77* 74% 74%
Bolivia *s 4 9?* 91 91
Brasil 6*s *26 15 84* 83% 84*
Brazil 6*a *27 1 84 84 81
Brazil 7s 4 91* 91* 91*
Brazil Ks 14 101* 101* 101*
Bremen State 7a... 3 103 102* 103
Canada Rs *3l 9 101 100T4. 101
Canada 55*52 3 106 105* 106
Chile 6s *6O 14 soh 80* 89%
Chile 6« '6l 9 90* f>o* 90*
Chile 7s *43 6 101* 101* loi*
Chinese Gov By ss. 5 26% 26% 26%
Christiana 6s 4 lOt* 101* 101*
Colombia fis.Jan ’6l 7 76* 76* 76*
Coo-Pwr Japan 75.. 4 100* 100* 100*
Copenhagen 4*s *R' 2 92* 92* 92*
Copenhagen 6s rets 3 98* 98 98*
Cuba s*s 2 10<l 100 100*
Czeoho *s '6l 4 109% 109% 109%
Czecho 8s ’52 3 109 108% 109%
Denmark 4*s 11 92* 92% 9f%
Denmark R*s‘ss. . 2 101* 101* 101*
Denmark 6s 12 10'* 105* 105*
DE T s*s.Nov ’53. 2 103* 103* 103*
Dutch East Tn»T 47. 5 101* 101% 101%
Dutch East T6s '62. 5 102 101% 102
Finland sf 6s *45... 5 94 93* 93*
Finland 7s 2 100* 100* 100*
Framerfean 7*a... 3 108 107* 107*
French 7s 103 117% U7H 117%
French 7*a 30 122* 122* 122%
Ger 5*5 , 30-*35.rct.5972 91* 90* 90%
German Bank 6s’3. 31 91* 90* 90*
German El P 6*s.. 2 96 96 96
German 7s 105 108 107 107
Ger Gen Elec 75.... 8 104* 104 104*
Greek 6s *63 18 86* 86* 86%
Irish Free State ss. 1 89* 98* 98*
Italy 7s 16 99 98% 98%
Italian Pub Svc 75.. 2 96* 96* 96*
Japanese 4s 7 97* 97* 97*
Japanese 5*a’66.. 142 191* 190* 191*
Japanese 6*s 8 103% 103* 10?%
Jugoslavia Bank 7s 16 83% 83% 83%
Karstadt 6s *43.... 13 79* 78V* 78%
KreugerAToll 6s ct 20 96% 96 96
Marseille 6s 1 103* 103* 103*
Milan 6*s 25 91* 91 91
Montevideo 7s 2 102 101* 102
New So Wales 51.., 1 84* 84* 84*
Nord 6*s ] 105* 105* 14)5*
Norway 65'63 4 98% 98% 9f%
Norway s*s 30 102* 102 102
Norway 65'43 4 103* 103* 103*
Norway 65'44. 19 103* 103* 103*
Norway 6*s's2. .. 24 102% 102 102%
Orient dev 6* 63.4 89% 89* 89*
Orient Dev 65‘53... 5 97* 97 97
Paris Orleans R*s. 5 104% 101% 104%
Paris-Lyons-M 65..■. 5 104 104 104
Parfs-Ly-Med 75... 11 105* 105 105
Peru 6s'Bo 24 76* 76 76*
Peru 6s’6l 2 77 77 77
Peru 7s 1 S7* 97* 97*
Poland 6s'4o I 76 76 76
Poland 7s (rets)..., 23 86* 85 86*
Poland 8a 7 95 94* 94*
Porto Alegre 35.... 1 95 95 95
Pirelli 75'52 1 107 107 107
Prague 7*s 5 105 105 105
Queensland 6s. ..., 8 98% 96 96
Queenland 7s 3 106* 106* 106*
Rhlnelbe Un 7s 2 105% 105% 105%
Rhine Wst EP 65*63 8 92 90% 92
Rhine West6s's3.. 4 91% 91 91%
Rlode Janeiro 6*.. 10 79 78* 79
Rio de Jan 85’46... 6 100 99* 99*
Rio Gr du Sul 6s’4B 5 73* 73* 73*
Rio Gr Du Sul 85... 2 99-% 99* 99*
Rome 6*s 27 91* 91 91*
R'y’l Dutch 4*sww 14 89* 89* 89*
Saxon (PWI 75.... 2 97* 97* 97*
Sao Paulo 'SO 1 98* 98% 98%
Seine 75'42 2 107% 107% 107%
Serbs Cr Slov 75... 16 84* 84 84*
Serbs-Crot-Slo Bs.. 4 95* 95 95*
Solssons 6s 1 103% 103% 103%
Sweeden 6*s 6 104% 103% 104%
Swiss s*s'46 3 104% 104* 104*
SwissConfed 85.... 1 107% 107% 107%
Toho El Pwr 65'32. 3 99* 99* 99*
Toho El Pwr 75.... 5 100* 100* 100*
Toklo s*s '6l 10 90% 90% 90%
Gfd Klngm s*s'37 62 104% 104 104
Uruguay «s’6o 6 97% 97% 97%
Uruguay 8s . 2 108 106 108
Vienna 6s ’52 7 87% 87% 87%
Yokohama 6 a 26 97 86* 97
MISCELLANEOUS.
Abltlbt PAP 65'53. 12 85% 84% 85%
AbramAStraus S*s 11 101 99* 99*
Alleghany Cp 65'44 17 100 99* 99*
Alleghany 55'49... 20 100 100 100
Allis Chaim 55’37.. 3 102 101* 102
Am Agrl Chem 7*s 2 103% 103% 103%
Am Chain 6s '33. .. 2 101% 101% 101%
Am For Pwr 5s 2030 24 89 88% 88%
Am IGCh s*s ’49. 27 106 105* 105*
Am Int Cor 6*s‘49 22 98% 97* 98%
Am Metal 6* s '34.. 17 97% 97 97*
Am Nat Gas 6*s'42 3 86 86 86
Am Smlt A R Ist 6s 7 101% 101* 101*
Am Sugar Ref 65.. 4 103% 102% 102%
Am TAT ev4 * s’39 16 170 168 168
Am TAT 55'65 58 KM* 104% 104%
Am TAT cl tr 65..., 4 105 104% 104%
Am TAT sf 6s 60 104% 104% 104*
Am TAT s*s 61 107* 107* 107*
Am Water Wks 6s. 3 101% 101% 101%
Armour&Co 4*s'39 10 89* 89* 69*
Armour. Del,s*s..- 12 84* 83* 84
Atl Gulf 6s '69 4 75% 75* 75%
Atl Refining 6s 1 102 101* 101*
Bell Tel. Pa. 6s (B) 2 105 104% 104%
Bsthlehm Stl pm 6s 4 103% 103% 103%
Brklyn Edison 65... 2 105* 105 105*
Certn-Td 6*s rets. 5 45 45 45
Chile Copper 65.... 5 96% 96 96%
Colon Oil 65'33.... 8 69 65* 65*
Col GAEI ss.May's2 35 102* 102* 102*
Com Invest s*s‘49 17 96 95% 95%
Com Invest 65'48.. 26 100 99* 99*
Con Coal Md, 65... 7 46% 46 46
Con Gas N Y 6*s.. 14 106 105% 105*
Consumers Pwr ss. 20 104 104 101
Cuban Am Sugar ts 5 98% 98% 98%
Dodge 6s 2 95 94% 95
Duquesne 4%5'67.. 3 100% 100* 100*
East Cuba Sug 7%s 5 70 70 70
Fisk Rubber 8a.... 14 75 74 75
Gen Cable 6*5'47.. 2 99% 99% 99%
Gen Mot Ao Cor 6a. 27 103 102* 102%
Gen Pub Svo 6*a.. 11 100 100 100
Gen St Cast 6*s'49 1 103 103 103
Gen Thea Eq 65'40.225 97* 97 97*
Goodrich 6*a 6 107 106% 107
Goodyer 6s rets.... 14 94 93% 94
Humble OA R 65.. 17 101* 101* 101*
Humbla OAR 6 *s 15 101* 101% 101%
ll* Bell Tel 6s 8 104* 104* 104*
111 Steel 4*s *40... 1(1 99% 99* 99*
Inland Steel 4*'7B 167 95 94% 95
Inti Cement 6a 48.. 9 101 100* 100%
Inti Match 65'47... 33 100 99* 99*
Inti Mer Mar 6a.... 2 100* 100* 100*
Inti Paper 6a'47... 1 88% 88% 88%
Inti Paper 6a 29 94 93 94
Int! Tel A Tel 4*a. 13 92 91* 92
Inti TAT 4Hscv.. 367 116% 114 115*
Inti Tel&Tel 6a *66. 29 98* 98% 98*
Kan City PA Lt sa. 2 104% 104% 104%
KanO A E65‘53... 7 106% 106% 106%
Laclede s*sD'6o.. 10 105% 105% 105%
Lautaro Nitrate 6s. 26 84 83 84
Llgg&Myers 6a '6l. 10 103* 103* 103*
Loew*a. Inc. 6a 5 119 119 119
Loew'a 6a w o war.. 7 98* 98* 98*
LorUlard 6a 13 90% 89% 90%
Larlllard 6*s 3 93% 93% 93%
Lou Gas&El 6s '62.. 6 102% 102% 102%
Montana Pwr'4B... 10 102* 102* 102*
Montana Itovr db 5s 1 102* 102* 102*
Morris&Co lst**s. 1 82 82 82
Nat Dairy 6%a 118 97% 97* 97*
N Y Edison 55‘44. . 6 105 104 105
N Y Edison 6*5... 4 113% 113% 113%
NYGAEHP4I.. I 94% 94% 94%
N Y G & E.H P 65.. 5 106% 106% 106%
N YTali A «. 21 100* 100 ; 100«
F I X A X C T At;.
8»1m. Hlith. Low Clone.
N TT«I (!j'4l i lOi 106% 107
N Y Tel 6s 49 9 111% 111% 111*4
North Am Ed 65... 8 103% 103% 103 V.
No Am Ed 6%s 62. CO 103% 103% 103%
Nor Ohio TrAL «s.. 9 103 102% 103
NorSutn PwrSi.. 19 102% 101% 102%
Nor States Pwr 6s. 3 105% 105% 10 .%
Pacific Gas* El 6s. 3 102% 102% 102%
PacT&T Ist 65... 16 103 103 105
Pan Amer Pete 65.. 1 101 104 104
Paramount 65’47 .. 18 101% 1011-4 101%
Pathe Exchange 7s 61 77 74% 7..%
Phlla Co 5s '(7 19 100% 100% 100%
Phila & Read 68*49. 120 102% 101% 10.%
Plllsburv K M fls’43 2 105 104% 105
Postal Tel & C 5%a 31 95% 95 95
Pressed Stl Car ss. 6 87 87 87
Pub Svo G 4%» '67 . 31 98% 98% 98%
Pub Serv G 4%5'70 13 98% 98% 98%
Rem Arms 65’37... 1 96 96 96
Rem Hand 6%s war 4 98% 98% 98%
Richfield Oil fis'44. 2 93% 93% 93%
Sinclair 011 6s 7 100% 100% 100%
Sinclair OU 6%a... 10 10 1 102% 103
Sinclair 011 7s 5 102 103% 104
Sinclair Crude 6%s 32 100% 100% 100%
Sinclair PL 5s 7 98% 98% »8%
Shelly Oil 6%5. .. . 15 96V* 96% 96%
So Por Rtco Sug 7s. 1 10* 10:5 103
South Bell Tel 6s. . 2 103% 103% 103%
Southwest Bell 55.. 3 105 105 105
Stand Oil. NJ ’46... 11 103% 103 103%
Sn.nd Oil. N Y.4%a. 6 98 97% 98
Sus? Es Orient 7s. .. 1 42 42 42
Tenn Cop 6s B 44.. 1 100% 100% 100%
Tenn El Pwr 6s'4 7.7 106% 106% 106%
Tex Corp cv 65'44.. 85 104V* 103% 103%
Transcontl Oil 6%0 8 102 102 102
United Drug 55’63. 29 97% 96% 96%
U S Bub Ist rs 65... 5 85% 85 85%
U S Rubber 7%5... 17 100% 100% 100%
Utah Pwr&Lt 55... 6 101 101 101
Utilities Pwr 6%5.. 3 91 10% 90%
Vertlentes Sug 75.. 5 61 51 51
Walworth 6s 45. .. 2 91% 91 91%
Warn Bros P6s ’49.108 10:1 101% 103 .
Western Elec 65... 14 104 103% 103%
Westn Union 6s’sl. 3 103 102% 103
Westn Union 6%5.. 8 109 109 109
Willys-Oy 6%s ’33. 2 99% 99% 99%
Wilson &Co Ist 6s. 3 100% 100% 100%
Win RepeatAr 7%s 1 103 103 103
Youngstn S&T Sa.. 21 102% 102 102%
RAILROAD.
Ann Arbor 4s 3 82 82 82
A T&SFcv 4s 2005. 5 92 92 92
Atchison adj 45.... 9 90% 90% 90%
Atchison gen 45.... 21 94% 94% 94%
Atch deb 4%s *43. .. 19 129% 128% 129%
Atl Coast L Ist 4a.. 12 95 94% 95
AtlCL«%s’64.... 22 99% 99% 99%
Atl Coast Line 45.. 12 91% 91% 91%
Atl & Dan Ist 45’43. 1 65 65 65
B& O gold 4s 18 94 93% 93%
B & Ocv 4%s ?6 100% 100% 100%
B&O cv 4%s '6O. . .379 101% 101 101%
B& O ref 5s 36 103% 103 103%
B*o 5s 2000 (D).. 8 103% 103% 103%
B& O Ist 5s rets... 4 105 104% 105
B & O rs Imp 65.... 10 109% 109% 109%
B&OSWBs’BO.... 6 104 103', 104
B& O Toledo 45.... 2 86% 86% 86%
Bang&Aroos 4s '6l. 1 88% 88%. 88%
Boston & Maine ta. 20 100% 100% 100%
Brdwav&7th Av 6s. 11 17% 17 17
Bklyn Elev 6%5... 6 92 92 92
Bklyn Manhat 6a... 27 98% 67% 98%
Bklyn I’n Ist 5s ’SO. 26 87% 87% 87%
Bklyn Un El 6s’6o. 53 103 103 103
BulT R * Pitts 4%a. 16 93% 93% 13%
Bush Term con 5a.. 12 98% 97% 98%
Can Nat 4%s ’57.... 7 95% 95% 95%
Can Nat 4%s ’6*... 6 95 95 95
Can Nat 6s. July'69. 23 102% 102 102%
Can Nat 6s. Oct'69. 13 102% 101% 102%
Can Nor 4%5'35... 5 99% 99% 99%
Can Pac deb 45.... . fO 18 87% 88
Can Pacific rtfs 6s. 7 108 10i% 103
Cin Pacific 55’54 31 103 102% 102%
Canada S6u 6s. 3 106% 105!* 105%
Car Clinch *05... 5 102% 102% 102%
Car Clin AO 65'52. 2 108% 108% 108%
Central Pacific 45.. 3 93% 93% 93%
Ches&Ohlo Corp 6s. 96 100% 100 100
Chea&Ogen 4%5.. 1 99% 99% 99%
Ches& O 4%s ’(3 A 2 98 98 98
Ches *O4 %s 696 7 98% 17% 97%
Ches & Ohio con 6s. 1 104 104 104
CB& Q istrf sis... 6 107% 107% 107%
Chi & E 111 gn 6s 61. 6 75% 75 75
Chi Gr West 45‘69. 25 72% 72 72%
Chi Mil&St P 4%s C 5 93% 93% 13%
Ch. M&StP 4%s 'B9 1 99 99 99
ChIAIiISIP&P 65'76. 21 88% 88% 88%
CMSP&Pac adlosO* 137 56 65% 56%
Chi &NW gn 3%5.. 2 79% 79% 79%
Chi &NW con 4%a. 61 101 100% 100%
Chi & Nw 6 V&s 9 109% 109% 109%
Chicago Rwys 65... 2 80!, 80% 80%
Chi RI& pgn 45... 1 90% 90% 90%
Chlßl&Prf 4*... 47 98 97% 98
Chi Rk Isl 4%s A.. 1 95% 95% 95%
Chi 111 cv 4%s 60.. 207 100 99% 99%
Chicago XH 65.... 10 96 96 96
Chi Un Sta 4%5.... 14 99% 99% 99%
C& W Ind con 45... 1 89% 89% 89%
C& W Ind 6%5’62. 1 104% 104% 104!,
Clev Term 4%a*77. 10 49% 99 99%
Clev Term 5%*.... 1 108% 108% 108%
Colo & Sou 4 % 5.... 22 100 99% 99%
Cuba RR7 %s 8 86% 86 86
Cuba Nor 6%s rets. 38 63% 62% 62%
Del * Hud Ist rs 4s. 6 93% 93% £3%
Den & Rio Gcn 45.. 5 96 96 < 6
D R G&Wst 6s '78.. 1 92% 92% 92%
E Tenn Va&Ga Ss.. 4 105% 105% 105%
Erie gen 4s 29 82 81% 81%
Erie 6s, 1967 8 94% 94% 94%
Erie 6s. 1976 48 94% 94% 94%
Gr Trunk st deb 6s. 25 105% 105% 105%
Grand Trunk 75.... 6 110% 110% 110%
Gt Nor 4%s ’76(D). 15 98 97% 97%
GrtNor 4%s (E)... 1 97 97 97
GreatN'or gen 75... 37 111 110% 110%
Hud & Man adj 65.. 19 81 80% 80%
Hud & Man ref 6s. . 25 99% 98% 99%
111 Cent 45'63 22 91 90 91
111 Cent 4%5’66.... 16 100% 100% 100%
111 Cent 6%s 1 109 109 109
IU-C-C-StL&NO 6s. 5 105% 105% 10..%
Int Rapid Trans 6s. 3 61’ 65!, 65%
Int Rap Tr 6s stpd.. 4 66 66 66
Int Raptd Trans 6s. 7 53 50 51
Int Rapid Trans 7s. 1 89 89 89
Int & G Nor Ist 65.. 2 103 103 103
lowa Cent Ist 65... 1 29% 29% 29%
Kan City Ft S 4a... 3 96% 96% 96%
Kan City Term 45.. 6 91% 91% 91%
Lake Shore 3%a.... 4 80% 80% 80%
Lake Shore 4s 31.. 21 100 99% 100
Lehigh Val con 4%s 3 99% 99% 99%
Long lsl 6s '37 5 100% 100% 100%
L& N uni 4s 14 96% 96 96%
L& N 4%s 2003... . B 98% 98% 98%
LiNßis 11 105% 105% 105%
Manßy Ist 45’90... 21 60% 60 50%
Market St 75*40.... 10 92% 92% 92%
Mill El Ry&Lt 4%s 1 100% 100% 100%
Mill El Ry&L6s’6l. 10 101% 101% 101%
Minn & StL ref 45.. 2 11% ll 11%
M StP&SSM con 4s. 4 90% 90% 90%
M StP&SSM 6s gtd. 1 97 97 97
M StP&SSM 6%5. 1 101% 101% 101%
M K & Tex adl 65.. 5 103% 103 V, 103'%
M K&T pr in 6s( A) 6 103 103 103
Mo Pacific gen 45.. 81 79% 78% 79%
Mo Pacific 6s A’46. *2 101 101 101
Mo Pac 6a F *77.... 36 100% 100% 100%
Mo Pac 6s G’78.... 11 100% 100% 100%
Mo Pac 6%s ’49 cv.. 60 108% 107% 107%
Mob &0 4 Via ’77... 5 97% 97V* 97%
Nassau El 45'61.... 2 52% 52% 62%
Nat r.y Mex 4%5... 3 6% 6% 6%
N O Tex &M 6s 8.. 7 99 98 99
N YT&M 6Vi5.... 12 102 101% 102
N Y Cen gen 3Via..> 5 81 81. 81
NY Cent 45’42 5 96% 96% 96%
N Y Cen deb 45... •> 2 98% 98% 98%
N Y Cen rs lm 4%5. 11 100 99% 99%
N Y Cen ref 6s 18 107% 107 v, 107!,
N Y Cen deb 65.... 2 106% 106% 106%
NY C & StL deb 4s. 2 99% 99% 99%
N YC&StL4ViaC. 8 97% 97'% 97%
NYC&StL6ViaA 1 107% 107% 107%
NY C & StL 6% s B 6 107V* 107% 107V*
N C C & StL 65’31.. 11 101% 101% 101%
NYNH&H 3Via’66.. 50 78% 78% 78%
N Y NH4H 4s '67.. 6 80% 80% 80%
NY KH&H 4%s '67. 1 93% 93% 93%
NY NH4H cv db 6s 3 124 124 124
N Y KH&H clt 65.. 44 105% 105% 105%
N Y Ont & W Ist 4s 1 51 51 51
NY State Ry 4%a.. 5 11 11 11
NYW&B4%» 6 88% 88% 88%
Norf &Wn con 45.. 5 93% 93!6 93%
Nor Pacific is 2037. 12 66 65% 65%
Nor Pacific 4s 4 91% 91% 91%
Nor Pacific 6s (D).. 4 105% 105% 105%
Nor Paciflo ref 65.. 4 113% 113 V, 11316
Ore Wash lit 45...' 6 91% 90% 90%
Penna 4Via 1970.... 39 96% 96% 96%
Penna gen 4Via.... 28 100 99% 100
Penna 4%a ‘6l 17 100% 100% 100%
Penna gen 6s 2 108'% 108% 108%
Penna 6s ’64. 20 104 103% 103%
Penna 6Via 18 109% 109% 109%
Penna O&Det 4Vis. 3 98% 98!* 98%
Pere Marq Ist 45’56 8 92% 92% 92%
Tere M «%s I**o.. 26 98% 98% 98V*
Pere Marc Ist Ss... 8 104% 104% 104%
PCGft-SOi-feU.). 1& 109% 109 109%
11. S. CERTIFICATES
ATTRACTING PUBLIC
Latest Issue Brings Out
Larger Bids From Indi
viduaflnvestors.
BY J. C. BOYLE.
More Individuals than were expected
put in subscriptions for the new $400.-
000,000 issue of Treasury certificates ol
Indebtedness. This Indicates, according
to Treasury officials, that there are a
large number of Americans vho have
idle money, which they are willing to
tie up for a year, the life of the certifi
cates.
Bankers feel that these investors arc
distrustful of conditions at the moment
and are willing to accept a small rate
of interest in return for absolute safety
and liquidity. It business and industry
and stock prices improve, the investors
can get the cash readily from these se- (
curlties. If the opposite is the case,
their funds are safe.
Bank Subscriptions.
Despite this rush of individual In- *
vestors, the large part of the issue,
which has been oversubscribed more
than three times, has been taken by tlie
banks. The banks have a large volume
of funds for such investments. In th'>
first place there is a lack ol borrowers,
since business men are in a waiting
mood. In the second pl.ice the banks
are much more chary of making loans
than they were a year ago.
These conditions account for the in
difference with which the recent drop
in the Cleveland rediscount rate to 3%
per cent was received. It is felt in fi
nancial circles that in the present strte
of affairs news of a rediscount rate cut
amounts to little. If borrowers wanted
to inaugurate programs of expansion, #
the rate would not stop them even if
It were far higher than at present in
the Reserve district.
The oversubscription of the Treasury
issue was not surprising. It was offered
at a time when the stock market was
In the depths and cautious investors
wore apprehensive. It also was a bril
liant piece of strategy on the part of
Secretary Mellon, who dated it in such
a manner as to hold down congressional
appropriations. The issue is dated to
mature June 15. 1931.
It will, therefore, come within th«
fiscal year 1931 and w r ill add $400,000,-
000 to the amount that must be pro
vided to meet obligations in that year,
The margin between black and red on
the balance sheet of the 1931 fiscal
period will be narrow and this addition
will tend to hold down expenditures.
On the other hand, no difficulty
whatever would be met in financing the
maturity through short-term obligation
between June 15 and June 30, 1931.
Building Industry.
. The banking trend is having a de
cided effect on the building industry
Most real estate men, builders and
some bankers are walling, "Those were
the happy days." They refer to the
pre-crash period, when money waj
easy, business brisk and appraiseri
soft-hearted. Many blame the mortgag4
banker as being too restrictive in the
selection of security, too conservativi
\ as to appraisals and too insistent upon
, periodic amortization. The bankers, or
] the other hand, say that for some time
business was too active to last and toe
, liberally handled for safety.
The sound bankers, according tt
L A. A. Zinn, president of the Mortgage
Bankers’ Association of America, feel
, that the real estate mortgage must not
be made the tool of wildcat promoters
, or the Instrument of speculators un
willing to risk their own funds. Th 4
mortgage bankers are coming to resisl
, strongly the erection of buildings, noj
, to fill an economic need, but to act ai
, a monument to the individual or in
. stitution constructing them. Such
, building, they say. induces unfair com
, petition and depreciates the value ol
, properties still far removed from ob
solescence. The bankers conclude bj
, saying there are ample funds for any
, sound project.
i
Baltimore Markets
- ...
1 Special Dispatch to The Star.
BALTIMORE. Md„ June 12.—Pota
, toes, white, 100 pounds, 2.25a2.75; new
barrel. 2.75a5.50; sweet potatoes, barrel
1 2.50a4.50; yams, barrel, 3.00a4.00
asparagus, dozen, 75a2.75; beans
‘ hamper, 75a1.50; cabbage, hamper, 50*
, 90; carrots, 100, 50a4.50; celery, cratei
, 2.50a4.00; corn, bushel, 2.25a2.75;
, cucumbers, hamper, 75a1.25; kale
i bushel, 75a90; lima beans, bushel, 4.00*
5.00; lettuce, hamper. 25a75; oniony
bushel, 75; green. 100, 75a 1.25; peppery
crate, 1.50a3.00; peas, bushel, 1.50a3 25;
' radishes, 100, 1.00a3.00; spinach, bushed
I.ooa 1.25; squash, bushel, 50a 1.00;
tomatoes, crate, 90a2.50; apples, busheA
, 1.25a3.00; grapefruit, box, 2.50a6 00;
, oranges, box, 3.50a9.00; peaches, crate;
2.00a4.00; pineapples, crate, 3.50a4 00;
strawberries, quart, 12a22; watermelons
1 108, 60.00a100.00.
, Dairy Markets,
i Poultry, alive—Chickens, Springers
pounds, 25a40; Leghorns, 20a30; ol* •
roosters, 13a15; old hens, 22a24; Leg
horns, 14al8; ducks, 20a22; Gulnei
fowls, each, 50a75; pigeons, pair. 25.
Eggs—Receipts, 602 cases; neartaj
firsts, 22 y a ; hennery whites, firsts, 23’$
Butter—Good to fancy creamery
pound. 33a65: ladles, 24a25; rolls, 24a2S
process, store packed, 19.
Hay and Grain.
Wheat—No. 2 red Winter, export
1.03; No. 2 Winter, garlicky, spot, 105 1 a
July, 1.04Vil No. 3, garlicky, no quot»
tion.
Corn—No. 2 domestic, yellow, new
93a94: cob corn. 4.75. ,
Oats—White, No. 2, 51%a52; No, 3
50‘ 2 a51.
Rye—Nearby, 75a80. \
Hay—Receipts, 10 tons. The general
hay market continues quiet under lighj
receipts, mostly by trucks, but amplt
for the demand, which Is limited. Whili
not enough hay is arriving on which tc
establish values by grades or carload
lots, the better grade of timothy and
clover mixed are In fair demand at a
range of 20.00 to 25 00 per ton,
Sales. High. Low. Close.
Port El PL 6s 1 99% 99% 995
Port RL & P 6s’3o. 6 100 100 100
Port RL & P 65’42.. 5 100 100 100
PortßL&P7Vis’46. % 1 106% 106% 106%
RI Ark*L4Via... 6 99% 99% 994
St LIM & S 65... 6 100% 100 s * 1004
StL ft SF pi 4s A... 21 91% 90% 904
StL* 8 P 4%s 76. 66 93% 93 93
StL ft SanFr In 6a. . 3 103V* 103 1034
StLS WJs’tl 4 100 100 100
StP& KCShL4Via. 5 97% 97% 97V4
San An&Arn P 45.. 4 93% 93% 934
Seaboard AL cn 6s. 20 62% 61% 61%
S B All Fla 6a ’36 A, 7 57 57 57
Sou Pac clt 4 s 3 92% 92% 92%
Sou Pac ref 45.... 8 94 93% 93%
Sou Pac 4%s rets.. 40 97% 97% 97%
Sou Pso 4%5'69 tt 14 98* 4 9g% 98%
Sou Rwy gen 4a.. 44 91 90 % 91
Sou Rwy con 6a.... 1 109% 109% 109%
Sou Rwy 6a’66.... 2 118 118 118
Sou Rwy 6V&a 9 124% 124% 124%
Tex & Pac 6s B *77.. 1 102% 102% 102%
Tex ft Pao 6s C ’7*. 6 102% 102% 102%
Third Ave ref 4a'6o 6 49 49 49
Third Aveadl sis. .. 11 26 25% t 26
Tol StL ft W 4a’so. 1 91 91 91
Union Pac lat 4a.. 17 96% 96% 96%
Union Pae 4a'66.... 11 Jo 90 90
Un Pao lat ref 4a. .> 4 91% 91% 91% *
Union Pao 4Via.... 62 99% 99 299%
Va Ry ft Pwr 6a.... 2 101% 101% 101%
Wabash 4%•’76 ret 10 93% 93% 93%
Wabash lat 6a 5 102% 102% 102%
Wabash 6a‘76 8... 18 101% 101 101%
Wabash 6%a*76... 9 104% 104% 104%
Western Md 41. ... 3 83% *3% 83%
Weat Md 6Via'TT.., 6 99% 99'. 99%
West Shora 4a 61..* 3 88% 88% 88%
Wla Can ga 4a 49... 6 78% 78% 78%

Evening star. [volume], June 12, 1930, Page A-14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], June 12, 1930, Page A-14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972