Altoona Mirror from Altoona, Pennsylvania on May 27, 1930 · Page 21
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Altoona Mirror from Altoona, Pennsylvania · Page 21

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Tuesday, May 27, 1930
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*?"* < ON STOCK MARKET • Following Action on Market, Traders Rave Turned to f^ Side—Prices Gradually Work Higher. '/By OEOJtOE t. HUGHES. (Copyright, 1930, by Altoona Mirror.) • WALL STRBBT, NEW YORK, May f?.—Convinced not by anything In the news, but by the action of the market Itself, traders .turned to the buying tide in today's stock trading sesSlon. Aside from a few individual issues where there were special reasons for weakness, prices worked upward, with the utilitiea the leaders. In the early dealings the two features were the buying of the electric light and power shares, and the pressure on' the agricultural Implement stocks. All the utilities were strong, notably American Power & Light up 4 to 5 points, American ft , Foreign Power, Public Service of New Jersey, Standard Gas & Electric, North American and American Telephone & Telegraph, one of the few important stocks which had been heavy on Monday. Consolidated Gas at 130 was higher than at any time last week. The report was revived that United Corporation would make an offer for the shares _,hut there was no Information as to the terms of the exchange, and the Street was in doubt as to whether or not the arrangement had been discounted In tho price of the stpbk. The weakness in the agricultural stocks was said to be due to dotlbts as to whether the companies concerned could keep up the p'ace of the early spring, when business is understood to have been highly* satisfactory. Both J. I<- Case and International Harvester sold off'easily on a combination ol liquidation and of offerings for short account. American Locomotive dipped to another rlew low during the forenoon and Diamond Match was down sharply at one time, but all of these were exceptions in a generally firm market. MEMJST BE DROPPED m GOOD OF ALL By B.,0. fOBBES Make good—or make room. That sounds harsh. But It is the law, the inexorable' law of economics. Is it,, in reality, cruel, or \v_ould any other law be ..Unfair? Wouldn't any other law discriminate against merit? Wouldn't any other law entail favoritism? Wouldn't any other law tend to discourage effort? m , , And, finally, wouldn't any other law militate against progress, against the advancement of civilization? The most distasteful duty that falls uponr'a large-hearted executive, one whose whole philosophy of life is goodwill towards his fellowmen, is to dismiss employes, especially employes having a long record of conscientious service, but who have not proved able Today'* New Vorlt guoUlloni. Quotations furnished for Altoona Mirror by West * Co.. members of Philadelphia and New York Stock exchanges, local office, First National Bank building. ^ , Hl|h. Low. Close. RAILS: Atchlson 227Vi 22714 227'A Baltimore and Ohio 114 !i 11414 114 Vi Canadian Pacific 61 u BlVi BlVi Chicago and Northwest . 83 81% Delaware and Hudson .. -70 VI 174% 174% Erie 47>i 46'A 4614 Great Northern 90>,4 90 90 New Haven .-. 115',i 115 116 New York Central 177 176 178 Northern Pacific 82 81% 82 Pennsylvania 78% 78% 78 «, Rock Island 116% 116 116% St. Li. and S. F; .. .... 114% 114'A 114'A St. Paul, Com '19U 18% 19',4 St. Paul, Pfd 32% 31% 32'/i Union Pacific 229 228 229 Western Maryland .1 i.-. 32 li 31% 31% ^INDUSTRIALS: A. T. and T. Rites 21 li 20!i 21 Allls Chalmers 64 60% 61% American Can .'. 147'A 145% 140% Amer. Foreign Power .... 83% 81% 83 Amer. Locomotive ...' 56 54 % 56 Amer. T. and T. ........ 231% 229Vi 231 Armour A 6% •Armour B ................ 3% 3% Baldwin ...,",.... 28% 28% Bondlx Corp 43% 42% Bovcti 21 20% Columbia Oas 84% 83 Columbia Qramaphone .... 28 % 28'/4 Congoleum /...*« 15li 14% Continental Can 65% 65 Curtlss-Wright 10 0% Davidson Chem 36 li 36 Dupont.de Nemou.ra .... 133 131% 132 Elec. P. and L «.. 94 80 93"i Famous PJkyers 69% 68 If, 69 li Frceport Texas ;... 48 41% " General Foods 08 Ti 68 \'» General Elec. 83% 82 General Refractories 82Ti 82 General Theatres 45% 45 Goodrich 41 407k Goodyear 85 84% Intl. Combustion 10% 10 Vi Intl. Nickel 34 33 li Kelly-Sprlngfleld '.... 4 U 4 'A Kreuger and Toll 32% 32 Vi Lorlllard 25% 24% May Oept , 02 '52 auuy ueui ,...*•..«. ui of Montgomery-Ward 44% 43 <j] 614 43 iJ* 28 U 14% 65 H 10 38 DSVj 45% 84% 10% 33% 4% 32% 2ft 52 , National Cash <» National Dairy 80% 59 North American .. Pub. Service, N. J. . Radio • •. .Radio-Keith Remington Rand .. U. 8. Rubber 31 Sears, Roebuck 85% 591 Schulte, A. Standard Gas 122*i 121% 122% 115% 114% 114ft 52% 51 51Ti 43 42 42 37% 3011 30% 29% 31 85 85 9% 9 9 117% 110'A 110% ~ 33 Stand. Sanitary 33% 33 Texas Gulf 60% 59% United Aircraft 77% 75VS 77 United Corp 48% 46Vi 45% United Gas and I . 45% 44 44% Utilities P. and L. A ... 40% 4.QJ4 40% Warner Brothers 84% 63% (It Wcstlnghouse Airbrake . 43% 43 li 4314 Westlnghouse Electric ., 180 177% 178% Woolworth 83% 63 83 MOTORS: Auburn -.- 170 101% 184 Chrysler 37% 38% 37 Continental 5% 5% General Motors 52 50 Hudson 44% 44 Mack 74 73 Harmon 20 20 Nash .., 41% 41% Packard 17% 171i Reo .•.": 1114 11 li Studebaker 37 38 Willys-Overland 7% 7% Yellow Cab 28% 27% STKKIJii Bethlehem •.... 0614 05% Coat Iron Pipe w 34 % 33 % Colorado Fuel ..62% 61 Crucible * 77% 77% Otis Reading C, anclU. .. Republic i.. Trunsue William ... U. S. Steel Vanadium Warren Foundry ... 30% 21% 53 li 18 24 B2% 18 17-Hi 172% 173% Ill ll,'j> 42 42 50% 44 73 20 41% 17 li 36'* 7% 27% 85 K 34 62 % 77% 30 fi 21 02% 18 •127 Amer. Smelting .. Anaconda Calumet and Hecla Uranby Howe Sound Inspiration Kennecott Magma Copper ... Miami Nevada Tennessee 72* 00 20 20 47 ... 20% 21% .... 21 li .... 11% OILS: Asphalt 57 li Atlantic Retining 43% Barnsdall 27% Continental Oil 27% Houston Oil |.. 99% Independent 27 Indian Refining ..... •>.,. 18% Mexican Seaboard .... art 30 % Mid Continent 2814 Pan American B ....... 63% Phillips Pete 38% Pure Oil -...« 23 Wcliaold OH 22% Shell Union 21 li (Sinclair v... 28% BKelly Oil 36% Standard Oil Calif 70 li Standard Oil N. J 79% Standard Oil N. Y 37% Texas Company 58% Tidewater Asao 17% Tranticontinent I. .a.... 2Y. . Transcontinental 20 li Union Oil, Calif 45% Sales 2,288,000 'shares. Money 3 per cent. 72 Iflli 31 li •10% 35% 2 Hi 20% 11% 57 Vi 42!i 27 27 87% 25',4 IBli 20 VH 2714 83 3714 22 K 22 20 Ti S7.% 35 BO 14 78% 3614 BT'Ji 10% 72 60 IB;', 32 ft 33 48% 35% 2114 20 V, 14% 57'.i 12% 27 27 87% 26 1814 30 S!" 2214 21 li 27% 35 Ti 69% 78% 37 57% 17% 19T4 34% 18'i 13% CUItB MA11KLT. Cities Service 34 Ti Ford of England 18 li i'ennruad Corp 13 li New York Traduce. NEW YOUK, May 27.—Flour firm and ejulet; spring patents. J5.80tflb.10 per barrel. I'ork dull: mess, 1(32.00 per barrel. Lard firui; middle west spot, . 1060 Sf>. 1070 per pound. Tallow quiet; special to extra, 5%c(3>6o per pound Petroleum weak; New York refined, 15c per g per b ion. allon: Pennsylvania crude. *1.90ft$2.30 arrel; turpentine, iSciiH&Uo per sal TODAY'S BASEBALL. (By United Press.) National. New York at Brooklyn, cleat- 3.20 p. m. daylight. Philadelphia at Boston, cloudy, 3.15 p. m. daylight. St. Louis at Pittsburgh, clear; 3.30 p. m. daylight. Cincinnati at Chicago, cloudy, 3 p. m. daylight. ' American. Washington at New York, clear, 3.15 p. m. daylight. Chicago at Cleveland, clear, 'i games, 1.30 and 3.30 p. m, standard. Boston at Philadelphia, clear, 3.30 p. m. daylight. Detroit at St. Louis, clear, 3 p. m. standard. to-keen abreast of the position. How -to handle rnett who have attained positions of responsibility but ^vho have become misfits Is a peculiarly delicate problem. Some men are themselves alive to the fact that they no longer 'measure up to' changed conditions and are ready to give place to someone more ' capable, they themselves belttg contMt ;to be shifted to a less onerous JoW More often, however, men who hava advanced to moderately high or Very high positions are so blind to their shortcomings that the slightest suggestion of demoting them sends them off the handle — anc they stalk through the door arid through the gate, their 'vanity outraged. - / The fundamentals governing the removal of men who have ceased adequately to fill the * were expressed IZc per pound; Cucutas, lie per pound; Or- Inocos, 1314C per pound; Maracalboa, 12%e per pound. Hides -(city piicHer) quiet; native steers, per per pound; butt brands, pound; Coloradot, lie per pound. . Potatoes weak and lower; Long Island, $2.00@$4.50 per barrel; southern, ?2.50S<) J8.00 per barrel; Maine, $4.00(M5.25 per barrel; Bermuda, $6.00<ijj$9.BO per barrel. .. Sweet potatoes barely steady; Jersey, basket, &0c<&>$3.00. Orease steady; brown, G%c; yellow, 5%c; white, 6%cigiB%c. Dressed poultry (cents per pound) — Firm; turkeys, 25c&"13c; fowls, llc@28c; chickens, 17c®10c; capons, 30cif>45c; ducks, Long Island, 19cr a .20c. Live poultry (cents per pound) — Dull and weak; geese, 12cft)llc; ducks, 14c@23c; fowls, 25c@28c; turkeys, 15&@.25c; roosters, 18c; broilers, 15c@45c.. Cheese (cents per >ound) — quiet; state whole milk, fancy to specials, Young America, 10V4c@2Sc. Sic@26c; Butter (cents per pound) — Market easier; receipts 27,215; creamery extras, 3214C; special market, 33c&>3314c. Eggs (cents per dozen) — Market easy; receipts 69,633; nearby white fancy, 30c<$> 3114c; state whites. t 25c@29c; fresh firsts, 22 lie; Pacific coasts, 28V4c@35c; white westerns unquoted; nearby browns, 21 '/jC® 30 Me. Motala Exchange. NEW YORK, May 27.— Tin: June 31.0031.80; July 31.15, bid; August 31.50-.80; September 31.60-31.95; October 31.60, bid; November 31.60-31.95; December 31.80, bid; January. 31,00, bid; February 32.00, bid; March 32.10, bid; April 32.20, bid. In the outside market copper for the domestic trade Is. 13. for export 13.30; lead 0.60; zinc 5.00. Coffee Prices. NEW YORK, May 27. — Coffee futures opened easier. July 8.06, oft .14; September. 7.82, up'. 01; December 7.60, oft .01. Santos futures were unchanged while Rlo's were unchanged to 175 rels higher. Rio 7s on spot 0; Santos 4s 13 14 -13 °4. Raw Silk. NEW YORK, May 27 — Raw silk futures were fairly active today with prices Ic to 4c lower. Brokers with large Importing house connections were bidding for large weights of near months at slightly below prevailing levels. Selling was In small volume. Sales were 400 bales. , Pittsburgh Livestock, PITTSBURGH, May 27. — Hogs, receipts 500; market strong to lOc higher; 150-210 Ibs., $10.B5@.n0.95; 220-250 11)8., ?10.60».) $10.70; 200-300 Ibs., $10.25@$10.50: 100-130 Ibs., .no.00(«'$10.50; sows, J8.50S?$9.00. Cattle, receipts 25; market unchanged. Calves, receipts 5; market steady; choice vealers, $12.00. Sheep, receipts 250; market strong to BOc higher; advance on spring lambs; bulk, U2.00 WJ13.BO; few shorn old crow lambs, flO.OO @$10.50. • ' / Pittsburgh Produce. PITTSBURGH, May 27.— Butter— Nearby tubs, 92 score, extras and standards, 33 Vic; 80 score, 31!4c; 88 score, SOlic. Eggs — Nearby firsts, second hand canes, 20ci5>21c; extra firsts, new cases, 21c(jj>22c; nearby hennery whites, 22c@23c. Live poultry — Hens, 20c{j>21c; broilers, 30c ©40c; roosters, IBc; ducks, 18c('i>25c; goese, 10c@12c; turkeys, 18c@28c; fresh killed hens, 32c@10c. Philadelphia Produce, PHILADELPHIA, May 27.— The first nearby beets of the season arrived on the local market today and sold at 5c per bunch. 1 Strawberry receipts wero the heaviest so far this season and totaled^approxlmatcly 17,500 crates. New Jersey berries brought J4.004f $6.00 per 32-quart crate with poorer stock as low as $2.50. Eastern shore or- Maryland, and Delaware stock brought {2.25 &>$2.50 per crate. The asparagjis market was somewhat isylvanla very large green iragus i stronger and Penns; tersely, yet comprehensively, to me by Andrew W* Robertson, who has .made notable headway In building up Westinghouse Electric since his selection as chairman' a year-and-a-half ago. Thus: — "In a progressive organization, one constantly searching fdr new and better /nethods and for better results. It Is inevitable that occasionally there is a man who absolutely fails to keep abreast of the procession. When this arises, action must be taken. Senti- mentallsm cannot be allowed, to rujl wild. There i is one guide, 'one unfailing test. f "It is profits. "That may sound materialistic, bul In reality it isn't. The only genuinely cheap things the world gets are those produced at a profit. ("Therefore, to do what appears to be a hard thing is sometimes Inescapable. One must have the courage to do It In the, interest of the whole community, in 'the general social in- interest, in the interest of the great public that uses your products. To do the right thing under such circumstances takes a happy combination of sympathy and cold-bloodedness. Yet every executive must strive conscientiously to do the right thing by his stockholders,, by the employes and by 'consumers. And you cannot do the right thing by maintaining drones in the beehive, by shielding round pegs in square holesi" Undue conceit -undermines .the maximum usefulness of many an employe, especially In the^'hlgher ranks. Too many men become puffed up by an exaggerated sense of their -own importance and by an exaggerated sense of the value of their services. Not a few reach that fatal stage of assum* ing cocksuredly that they have become indispensible. Self-confidence is an invaluable asset. Conceit is a liability—carried far enough it becomes fatal. No man is so big that he can afford never to ask himself, coldly and. candidly, how far he is falling short of the utmost possibilities of his position. Seaching self-analysis can be (extremely wholesome, particularly for the smug. If every employe .were to keep prominently in mind the decree "make good —or make room," fewer occasions would arise for the wielding of the Hesitate to convince yourself axe.' that you are world-beater, and never — »ever — delude yourself that you are indispenslble. /No human is in- diapenslble. (Copyright, 1930, by B. C. Forbes.) DAY'S ACTIVITY IN GRAir MARKET By GEOUGE O. SCHNACKEL. (Copyright, 1930, by' Altoona Mirror.) CHICAGO, May 27.—A weak undertone prevailed in Wheat today. Foreign advices were bearish and caused general selling. Prices sold off from th'e start with selling prompted by the decline in Liverpool, reports of sales of Russian wheat to the continent, larger offerings from India, and the statement of the farm board that it will end its participation in tho market as soon as the prevailing" surplus is disposed of buying against indemnities checked the decline. Corn was Inclined to lower levels with wheat. Commission houses sold December, while locals pressed July and September for sale. Principal support came from holders of indemnities,* Country offerings were light and mostly of No. 2 yellow corn for five- day shipment at % cent under July. Shipping trade was moderate with receipts here 174 cars. Oats were slightly lower. The decline in other grains and liquidation in May served to bring about reduced levels. Provisions were lower with hogs. • Open. High. Low. Close. WHEAT— May 107 -107 100% 306 : !i 107 107 lOBVi 106% ' ... lOOli lOOKi 108% 109% 113% HS-li 113 113% July Sept Dec CORN— May July .... Sept Dec OATS— May July .... Sept Dec RYE— May July Sept Pec. •',... Slaughter classes, spring lambs, choice. $11.75ft>$12.75; medium, 78 It 80 "i 81 Vi 73 41!4 39 «i 39 .12 58V 75 U 70% 40',i 39 Vi 11 Vi 58',!. 62% 66'! 71 -T, 77% 70 »i 81 75 •11 3UVi 38% 11 \ 58 Vi 62 fl6'i 70 li 78 Vi 80 14 81% 75 li 11 'i •10 U 39 Vi 12 62% 68 "i 71 »4 (common), itcady; Central America, kits, l»Vio. stock sold at $2.75ft'$3.00 per dozen bunches with a few up to $4,00. Large stock sold at $2.00©{2.7ft, medium at J1.506J2.00 and small J1.00C.VJ1.50. Spinach sold slowly, 10c@40c per bushel. Parsley, $1.00W$1.25. Mustard greens, 15c@30c. Kale, 15c$^30c, Collards, 20c@>30c. Lettuce was weaker and brought 50c per bushel and 50c0$1.25 per crate. • Butter registered lower prices on all grades today with market unsettled and nervous. 03 score, 34lie; 92 score, 33lie; 91 score, 32r l c; 90 score, 31c. Eggs advanced fractionally, market steady. Graded nearby whites held 23i}c(j|) 24'1'ic; mixed colors, 22Ti cti2314c; westerns, 24HC&85C.; storage packed, 26c@27c. Chicago Livestock. ' CHICAGO, May 27.—Hogs, receipts 30,000, Including 11,000 direct; mostly steady to lOc lower; hogs ticallng under 2SO Ibs., showing most decline; top, $10.30 paid freeli for 160220 Ib. weights. Butchers, medium {to choice, 230-360 IDS., »».05i!$10.15; 200-260 Ibs., W.85<<|)$10.30; 160-200 Ibs., $9.76ii $10.30; 130-160 Ibs., JO.654(410.30; packing sows, $8.75('< JO.M; pigs, medium to choice. 90-130 Ibs., $9.00'!) $10.00. Cattle, receipts 3,500; calves, 3,000; steer and yearling trade steady to 2Dc higher; eastern shipper demand continues narrow; lower grade offerings showing most upturn; she stock linn. Slaughter classes, steers, good and chglce, 1,300-1,500 Ibs., $12.264)) $14.35; 1,100-1,300 Ibs. $12.004) JM.00; 9601100 Ibs. J11.75a JH.QO; common and medium 850 Ibs. up $8.00($$12.60; fed yearlings, good and choice, 750-960 Ibs., Jll.fiOdJ) $13.50; heifers, good and choice, $B.OO@ $10.00; common and medium, ja.50(u48.00; ow cutter and cutter, $4.75@>$6.50; bulls, good and choice (beef) $7.75@$9.00; cutter o medium, $6.76<u>$7.85; vealers (milk-fed) jood and choice, $10. :50&J13,00; medium, [8.SO&J10.50; cull and common, $6.00(u) [8.50; stockers and feeders, steers, good and choice (all weights) J9.701JJ10.7B; common and medium, $7.SO@$9.75. Sheep, receipts 10,000: market slow, steady .o strong; shorn lambs around $10.00; best leld above $10.25; native springers 25c higher at $12.00(ii'$12.75: few fat ewes steady to strong at $5.00 gi $5.50; choice light Callforn- as, $6.00. ~ • • • ... KOOd and . _ . (10.25'u J11.75; cull and common. $9.25<6> [10.25; lambs, good and choice, 92 Ibs. down, ;9.50'a410.50; medium, $8.75® $9.60; cull and common. JS.OOff J8.75; medium to choice. 92-100 Ibs. down. $8.50<6>$10.35: ewes, medium to choice, 160 Ibs. down. $4.25ijj'$6.00; cull and common, Jl.75Si4.50. Chicago Produce. CHICAGO, May 27.—Eggs, market easy; •ccctpts 29.978 cases; extra firsts, 21c'u> 211'jc; arsis, 20c<w20Vjc; ordinaries, l&ciai .8!{:c; seconds, 17c. Butter, market easy; receipts 21.134 tubs; extras. 31!ic; extra firsts, 30cfi30VjC; firsts, 28c®29c; seconds, 26citf<271{ic; standards, 31 Vic. Poultry, market easy; receipts 2 cars; owls, 20c; springer*, 25c; Leghorns. 18c; ducks. 15c; geese, 12c; turkeys, 20c; roost- ' munil and quality was a little better, crs. He: broilers, 30c((()38c. Checst;—Twins, 17c&17!ic; Youne Anler- HEAVY SELLING OF BONDS IS RENEWED My r. H. JttbttAftttSoft (copyright, 1930, by Altbona Mirror.) ', NMW- ifORk, May 27.— Renewed heavy selling ofjthe Second-grade rail bonds featured bond trading today. The street received with disappointment the reports of fourteen carriers starving a decrease of over 26 per cent ii* net Inco'me during the first four months of the 1 year, as compared with the name, period of 1929, , and those bonds most easily affected were Ihfown onto the market In large blocks. Otherwise the list presented an irregular appearance, with flrm- ness in the hlgh-gi'ade group, minor fluctuations m the Industrials and slight advances in many of the foreign dollar bonds. * Iri the landslide of junior railroad issues, St. Paul/Adjustments accounted 'for most of the trading, and had the widest loss, dropping over 2 points below its previous low price since 1928. St.- Paul 5'sf a;bdnd much more secure, eased ott fractionally. It is within 2 points of Its low for 1930. v Other active losers In this group were'Rock island 4%'a, Erie refunding 5's, International Great Northern Adjustments, Frisco 4%'s, Southern Railroad 4's, Western Maryland 4's and Boston & Maine 5's. Volume was much heavier than on Monday, chiefly due to the dealing -in railroad bonds, but activity tapered off after the first hour. Time money remained around 3 to 3% per cent for 90-day bills, but a downward trend In bankers' acceptances indicated . that rates hiay be still lower before the week is through. FINANCIAL GOSSIP IN WALL STREET ; By ELMER C. WAtZEB, U. P. financial Editor. NEW YORK, May 27. — A small amount of short covering has misled Wall Street to the conclusion that the market is due for a quick advance, but In present circumstances this cannot happen. There Is a way to start a bull movement, arm that is by springing something startling constructive. In the Coolldge administration a word from the president was enough to sway Lhe market mightily. Street is not shaken Somehow Wall by statements from the administration these days. A clean-cut tariff out of the way might be a tonic, but it has been with us so ong as a bogey that clearing up might be only temporary. A real upturn 1 in some major line such as might be depleted in strongly advancing car load- ngs or exports also might help. The real remedy would be- a definite turn upward In commodity prices. < We are now nearlng the last month of the second quarter and the'time will soon be here for second quarter and first half earnings reports. These will not be particularly good. Wall Street knows that, but It knew that first quarter showings would not match with the records set in 1929. First quarter statements were the signal for a selling orgy that brought many stocks below their lows touched in the 1929 panic. Will the second quarter reports do the same thing? Leading observers think not. They see in present conditions a different situation. Prices are at lower levels and the out- ook for a better third quarter is brighter than it was for an improved second quarter. The whole difficulty s that comparisons ate made in all cases with last year, which was as/abnormal on the upside as this year is on he*downside. HEAL ESTATE TRANSFERS. Calvin B. Vyertz and wife to Plus and Carrie Durbln, his wife, Allegheny township /. $1 C. C. Hhultz and wife to Amanda and Andrew S. Bbersole, her husband, 1500-1502 Twenty-eighth avenue, Logan township $37.50 Edward Wohlbruck and wife to Dorothy I. Line, Roselawn, Altoona ... $1 Dorothy A- Line, single, to Edward and Vera M. Wohlbruck, his wife, Roselawn, Altoona $1 Arthur R. Sponsler and wife to the Commercial S. and B. association, Logan township Jl James F. Ogden, et al, by sheriff, to Reading Trust company, Burgoon road, Altoona / Arthur Curtis, et al,' by sheriff, to Fame L. and B. association, 731 ., East Crawford avenue, Altoona .. Robert P. Walter, et al, by sheriff, to Reading Trust company, 1409-1411 Eiuntil avenue, Altoona Eugene Fagan, by executor, to Wll- $672 $230 $465 CATTLE AND SHEEP STEADY; HOGS WEAK Ily FRANK K. SIOOKK. (Copyright, 1930, by Altoona Mirror.) UNION STOCKYARDS, CHICAGO, May 27.—The. hog market, with big packers bearish, continued to sag today, while cattle and sheep held their own. There was a fairly large run of hogs at 30,000 and since big packers hud 10,000 direct they were about out of the market. Salesmen had to depend on shippers and small packers who bought freely, but at a steady to 10-cent lower basis, The market top was $10.30 for light kinds, with best heavies at J10.15. Packing sows had a steady market, bringing ?8.85 to S9.60. A light run of 6,500 cattle compensated in a measure for the excessive run on Monday. There were many plain and medium cattle left over, but the total was about large enough to tit the demand. Shippers took good steers at $13 to $14, but not many were offered which could sell above $13 with the bulk at $10 to $12. Cows and heifers Imd a steady market with trade slow and buyers bearish. Bulls were barely steady, but calves met a strong de- Ham J. Fagan, 1917 Eleventh ave nue, Altoona $2,050 Ellda C. Flick, widow, to Mabel C. and Robert F. Flick, Bellwood .... $1 Charles B. Mclntosh, widower, to Herman H. and Mary*A. Flick, husband and wife, 1906 Twelfth avenue, Altoona $1 Sylvanus Show, single, to Jesse, E. Show, Pleasant Valley Terrace, Altoona $500 Frank X. Leberflngcr, and wife to Reuben E. Neeley, Bedford street, Hollldaysburg $1,200 olin M. Sheedy, et al, to Samuel B. and Irene M. Hawser, husband and wife, 520-522 Twenty-sixth avenue, Altoona '$1 lomer C. McKlllIp and wife to William G. and Clara Strayer, his wife, Junlata street, Hollldaysburg $1 Rebecca 8. Price and husband to Erma R. and Harry A. Campbell, her husband, Bellwood $1 'ohn Tarln and wife, by sheriff, to Fame L. and H. association, Jackson avenue and Sixteenth street, Altoona $2,000 Charles R. Isenberg and wifo-to Elda Isenberg Corbo, Mulberry street, Hollidaysburg $1,750 ilartln H. Glass and wife to Mary G. Kelley, 119-21 East Walnut avenue, Altoona $1 lary O. Kelley, single, to Martin H. and Cora A. Glass, his wife, 11921 East Walton avenue, Altoona .. $1 V. R. Learner and wife to Dorothy DeGabrlelle. Garden Heights, Logan township $1 Dorothy DeGabrlelle, single,' to W. Roy and Rena C. Learner, his wife, Garden Heights, Logan township.. $1 Harriet B. Lindsay;, widow, to Edgar R. Vlpond, Blair township $1 Harriet B. Lindsay, widow, to Edgar R. Vlpond. Blair township $1 W. H. Bennett and wife to Mary G. Kelley, 901 Broadway, Junlata, Altoona Jl Mary G. Kelley. single, to W. H. and Rebecca M. Bennett, his wife. 901 ^ Broadway. Junlata, Altoona Samuel Harlln and wife to William O. and Madeline C. Harlin, his wife, Duncansvllle William O. Harlln and wife to Samuel A. and Belle Harlln, his wife, Duncansvllle Fifth Avenue Methodist church, by trustees, to the Fifth Avenue Methodist church, 313 Sixth avenue, Altoona The Fifth Avenue Methodist church to Gulseppe and Angelina Masscral- lo. his wife, 313 Sixth avenue, Altoona Ernest M. Robinson and wife to Cliarlen Onkst Blair township .... l''rank D. Saupp, single, to Martha May and Harry H. Eckard. her husband, 2632-2634 Walnut avenue. Altoona Rose Hamilton, widow, to G. Monroe and Mary Kuhn. husband and wife. 229-231 East Cherry avenue, Altoona GENERAL FINANCE OUTLOOK FOR TODAY fty CHAtti.es *. SPEAItfc. (Copyright, 1930, by Altoona Mirror.) WALL S?Rfifcf. NEW STORK, May 27—With only two market sessions In May, and these likely to* be restricted as to volume and fluctuations by the approaching long holiday, it is possible to outline some of the features that have been conspicuous, ih an in-between month, In speculative and seml- Irtvestment securities. In general, it can be said that may has corrected a number of the Weh- nldal weaknesses that developed out of the ill-advised bull markets of March and April. It has been a period of con slderable recovery In the prices of some issues, but of further price head- justmehts in a small group of industrials that had not fully recognized the situation as to earnings and dividends in the general slump that culminated on May 5. Latterly, the daily record of new low prices for, tho year, which was quiet extensive irt the first half of May, has been shrinking. New high records have more than balanced the other side of the account, Midway between the low level of May and the present period, there were several Important shares that sold lower than in the general reaction which started in April and caused the largest depreciation In market values to be recorded for that month since November. " r May, on the contrary, should show an appreciation in value, for nearly all of. the twenty or more groups of stocks represented in daily transactions have rallied from the closing prices'of last month. It was the break in the coppers and in the rails in April that took over $1,000,000,000 from the values of listed securities, while the shrinkage in motor stocks was about 250,000,000 additional. /In May the active copper shares, with the exception of Calumet ft Arizona, whose dividend was sharply reduced, are slightly 'above the end of April quotations, although it is expected that in June the dividends on both Anaconda Copper and Kennecott Copper will be reduced. Railroad stocks had been going through a radical readjustment all during April, with the liquidation in them culminating on May 5. Since then, and in spite of the most discouraging traffic statements that have been presented in years, a majority of the prominent carrier stocks have advanced and today were above the April 30 prices. The group a» a whole should show some appreciation this month. Since the low May level, a dozen prominent rails have recovered an average of between 8 and 9 points. LINDBERGHS CELEBRATE WEDDING ANNIVERSARY NEW YORK, May 27.—Colonel Charles A. Lindbergh and his wife the former Anne Morrow, quietly celebrated their first wedding anniversary today. One year ago the flyer who sky rocketed into international fame by making the first -New York-to-Paris flight married the daughter of/Ambassador Dwight W. Morrow in Englewood, N. J. According to their custom, the Lind- berghs made no announcement of their plans concerning the observance of the anniversary. OLDEST'MOTHER ILL, PARIS, May 27.—The condition of Mrs. Mary Reynolds of Damascus, 6., the oldest of the Gold Star Mothers visiting France, was slightly -better today but several of the visitors re- fnained ill. Mrs. Reynolds, who is 76, Is suffering . from a,cute localized abdominal peritonitis. TOO LATE TO CLASSIFY Lost—Found LADY'S BLACK POCKETBOOK, LOST from automobile Sunday near Diamond, Newry. Contained some change and nurue's state registration cards. Notify Iva Glass, 510 21st Ave. Dial 4715. Regard for return. Personals BOARDING FOR 2 CHILDREN-AGED 12 and 14. Catholic home, somewhere outside city limits. Write 2538-E, Mirror. LE MUR PER'MANENT STEAM WAVE, *s. Genuine supplies used. Marcel 50c; flnger and water waves, manicure 50c. Dial 4213. Help Wanted Male «^^V~«»^S»X%»NXV~%XV/V/WX»X>>^/WX^ WANTED—20 SALESMEN WITH TRUCKS or cars to sell bakery products. Call 2-3582. , Most of the lambs tpday were of the Help Wanted—Fernale AN EXPERIENCED PANTRY GIRL WANT- ed. Apply to chef, Penn-A|to hotel, at 5 p. m. Rent—Furnished Rooms FURNISHED LIGHT HOUSEKEEPING rooms, private entrance, all conveniences. Inquire 1214 8th St. Unfurnished Apartments ELIZABETH APARTMENT, 2015 BROAD Ave., 5 rooms an4 bath. Elevator and janitor service, all conveniences. Reasonable rent. Inspection cordially Invited, Dial 2-3673 or call at Apt. 1. Rent — Houses 1818 7th AVE.—HOUSE, 7 ROOMS, ALL Improvements, hot water heat, yard, large porch. Inquire 1820 7th fi.ve. Sale — Miscellaneous ELECTRIC WASH MACHINE, A-l CONDI- tlon. Will sell reasonably. Dial 2-9507 or Inquire 1316 3rd Ave. Jl $125 J600 J'lOO TODAY'S BANK CLEAHANCKS. The bank clearances for the day, announced this forenoon by the Altoona Clearing House association, amounted to $209.552.78. small at 10.000 of which 5,800 went direct to packers. Buyers did not \vant to pay more money. The market in the shorn class was steady at $9,50 to $10.50. A few lots of good spring lambs was 25 cents higher at $12 tcrsfl2.75. Several cars of California lambs sold at $9.60. Feeders were bought at 58.50 thorn variety. Although the run was 'to $9.50 and ewes were steady. Moving — -Hauling LOCAL AND LONG DISTANCE HAULING with largest padded van. Reasonable rates. Bryan. 101 E. 3rd Ave. Dial 60fl3. Altoona Discount Co. I4'.!5 liitb Ave. New Aaron RJdg. Small Loans to Home Owners of Good Credit Standing General Guilders Distributor* Curtis Woodwork I'lioue U3SJ mo Margaret Ave. Ail Kind* of Dependable INS RANCH W. L. NICHOLSON Mppmaa Bldg. Illli Ave. and 13th St. Altuuua GROSS REVENUES OF PENN CENTRAL Gross operating revenues of Penn Central Light A Poweif company and subsidiaries for the first quarter of 1930 were $l,6t2$5?, compared with »l,397,411 In the first quarter of 1929 Balance available" for bond interest was $947,587, compared with $830,588. Not for retirement and dividends was $601,622. compared With $611,972. For the twelverfnonth* ended March 31, gross operating revenues were $5,939,029, compared With $6,313,749 for twelve months ended March 31, 1929 Balance available for bond Interest was $3,406,643, compared with $3,051,752. Net for retirement and dividends was $2,046.684, compared with $1,908,382. Company earnings were as follows: 3 Mo. Ended Mar. 31. 1930 1929 Gross operat- .- v ing reven's $1,572,956,94 $1,397,410.74 Available for ' Interest, etc 947,687.06 830,587.97 Interest oh long term debt... 295,000.00 272,553.85 Other deductions 50,964.76 46,062.399 Net for retirement & div.. 601,622.30 511,971.73 12 Mo. Ended Mar. 31 1930 1929 Gross operating reven's. $5,939,029.35 $5,313,748.92 Available for interest, etc 3,406,542.95 3,051,751.91 Interest on long term debt... 1,167,453.56 Other deductions 193,405.41 Net for retirement & div.. 2,045,o83.98 1,908,381.53 1,090,196.20 ' 53,174.18 ACTIVE TRADING ON CURB MARKET fey JOHN A. CRONE (Copyright, 1930, by Altoona Mirror.) NEW YORK, May 27.—Public utilities, oils and a miscellaneous group of industrials led today's active curb market. Standard utilities, such as Electric Bond & 'Share, Eastern States Power B, Niagara-Hudson Power, United Light & Power A and Utilities Power & Light, headed the upswing that took place shortly before midday. American Gas &. Electric, however, provided the most interesting movement as 1[t rose about eight points on active buying. Floor traders credited this buying to the same group who were purchasing National Power & Light, Electric Power & Light and American Power & Light over on the big board. American & Foreign Power opened up 1% points as traders heard that its 1929 report would'be released Wednesday. This report will show acquisitions as well as earnings in the last year. Rumors that American & Foreign would go on a $5 basis are generally discredited. Creole Petroleum moved slightly higher. Its annual report, which will be made public tomorrow, is expected to reflect Standard Oil of New Jersey's activities in Venezuela, as Creole is a subsidiary of tha 1 -. company. BANK CLEARINGS. NEW YOR'K, May 27.—New bank clearings, $1,272,000,000; York New York bank balances, $185,000,000; New York federal reserve credit balances, ?157,OOQ.OOO. I RULING HAS EFFECT ON LIQUOR ISSUE '* (Continued from P&gt 1.) forcement turn* upon prosecution of the bootleg traffic. For a long time it has oeen ^laimert By some government officials that the trouble with the prohibition movement fa that It confused two things—the Illegal traffic and profit-making side with consumption or manufacture for personal use. The rulings and decisions have gradually enlarged the rights of the Individual, while at the same time strengthening the law* against the bootlegger. The,Immediate effect. However, will th* , rtl^^ffiflE irget curittrwtofflit «$itetm u turrm, trrfu tt*tf* 4Htt p*»e«H the basin for ft ettffw* ttr pfohlbtttetr eetfltfttyerny fit II her aeaflion. Fj. S. TttBAStBf WASHINGTON, 0, C., The United States treasfrr? announced todajr^ Am ot cf«M Ht. ne.<m May 24 wa» *117,270,3*16(V torna receipts for the nwtttft to were $30,684,399. 18. pendltures, -"—-* easy as playing with blocks This Ne\# way to design your kitchen What fun it is! A unit tot pott and pane near the store, or the sink? Where shall ml put that broom closet, with its ironing hoard concealed in the door? How about eome extra cupboard space? And don't forget that all-pur- poll special Curtis Unit! DitffiS WOODWORK E VERY woman has her own ideas of juat what kitchen units she really needs, and exactly how she'd like to see them arranged. That's why so many have taken advantage of the new Curtis Miniature Kitchen Idea. All Curtis Kitchen Units in all styles and sizes are reproduced in miniature. With the help of one of these sets you can build up and tear down as many kitchen designs as you please—right on your library table—until you have just the kitchen you've always wanted. Curtis Sectional Kitchen Units may be fitted to almost any space —in your new or old home. Perhaps you would like to modernize your kitchen. You can—quickly and inexpensively. If you'd like to see this new Curtis way to plan your kitchen—phone us, or drop in to see us. GENERAL BUILDERS' SUPPLY CO. m ' ''**''.' 172(fMARGARET AVE. 'HONE9331 BORROWING r TO SAVE W E read in today's paper of many such bargains as these: "$ioo radios', now $60 cash"... "This two-piece living room suite, $175. was $300". . . "Must sacrifice my modern five room brick bungalow, only $300 down". . . Such opportunities are open only to those who have spot dash or can get it quickly. Thousands of families who know about the Household Plan come to us daily for loans for just such purposes. And "Household" is always glad to help thrifty husbands and wives take advantage of timely bargains that will result in a substantial saving. The Household Loan Plan is available to most families keeping house. It enables those qualified to secure $100 to $300 without the embarassmeut of asking friends for the money. No outside signers are required—and no inquiries are made among friends, relatives or employer. We give you from one to twenty months to repay and charge you only for the actual time you keep the money. If you need cash for any good reason, you owe it to yourself to see "Household" firsp—our lower rate saves you nearly one-third. You will find "Houithold" Managers to bt friendly, courttout advucn in all ham* financial problem!. The cxpe> ricncs gained by f his compaity daring ia fifty-two -ytars ojf public Mnicc ti back of thtse men. Th*y mill be f lad to (iv« you th* btntft of Ms accumu> laud experience ai well as their awn Craininc in arrant- ing a budget jrfan la wit jour needs. Any family uofh a /inan- cial problem that ready cajh Manager* ready and Co coiuider arranging far e) loan o/*IOO 10*300. Come in—Write or Phone A representative will call at your home if more convenient ' '01 Jfi/V Household Finance Corporation 3rd Floor—Penn Central Bldg. llth Ave. and Twelfth St.—Phone 9371 ALTOONA

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