Show i l Wall Street t Briefs l NEW YORK May 10 AP Pro AP-Pro- Pro Production ot or automobile tires lires in the tho United States In March totaled 7 against In February February February ary and in March 1928 Shipments were vere compared with in In February and 5 In Match March a year ago In Inventories Inventories Inventories In- In on March 31 totaled 16 an all all' increase of ot nearly 1000 py over r Feb February uary uary 28 and of oC approxImately approximately ap ap- ap- ap proximately over the total on March 31 a year ago 4 to Wall all street from Youn Youngstown town 0 O. sa say that reorganization reorganization ot or the tle capital structure of Standard Textile Products com com- pal a yola yol a plan recommended bythe the directors i vill be bed d Comple Completed ed at at atU the e annual stockholders stockholders' meeting next of back preferred be settled with new common stock which Is to be exchanged exchanged ex ex- changed for no par preferred Existing Existing Ex Ex- Ex- Ex deficits will be eliminated from the books and the preferred stocks placed on a dividend b basis The reorganization was was' necessitated ed cd by w wartime losses Reports cur current in tn Wall street say that an increase In prices ending the rate cut war wan are arc in prospect as the result of ot recent Conferences conferences conferences con con- of among representatives es the leading producers Solution of or ortho the Hio problem ot of chain store competition compe compe- which has been heen sharply felt tell by tobacco retailers is also understood understood understood under under- stood to lo b be n near Hankers Bankers see ce little hope for tor or any market marked Improvement in the supply of oC call funds In the near future b because be cause of or the large sumo sume which will willbe willbe willbe be required to take care of or new several c large financing planned by corporations It Is estimated that between n n now w and arid July about will be required to take tale care ot or the exercise of oC rights which have haye been granted for tor sto stocks ks and bonds bondi beIng offered by bv tools such uch companies as asile 1 ho ile American n Telephone ant and Telegraph Tele Tee graph comp company nY Baltimore Ohio Chesapeake Ohio had find Southern South South- ern era railways and Anaconda Copper Securities held hel by the tile United corporation cor cor- Hon l organ Morsan utility holding company had a. a recent market market mar mar- ket va value ue of above nOO their h cost oot to United given In connection with listing United stock on the stock stock exchange discloses discloses discloses dis dis- dis- dis closes that the total cost of securities securities ties acquired through exchange or 01 purchase for cash was as a's as of or April 23 23 while the market value o of that date was s Production of oJ steel ingots ing In April declined tons from the March output says the American n Iron and Steel institute April tonnage was against for the previous month Drug Inc has acquired acquIre the Wolff Wolff- Wilson Drug company which operates oper ates eight retail dr drug g stores store in St. St Joul In exchange for fOI shares of oi tho the corporations corporation's stock A new outbreak ot of l buying in the oils carried Barnsdall l' l Pure re Oil and Associated Tidewater Tide to new lS for forthe the year while Houston Oil was up up 3 points General El Electric moved back to yesterdays yesterday's closing closing- price and nd Case Threshing recovered a 12 point drop Commercial Solvents was up 8 Radio sold above b but weakened ag again in the last trad trad- ing The close was irregular gular Sales approximated shar shares s |