Evening Star Newspaper, September 30, 1925, Page 30

FIN STOCKS GO LOWER INFINAL TRADING Outbursts of Selling and High Money Rates Are Blow to Market. BY STUART P. WEST 8pecial Dispatch to The Star. NEW YORK, September 30.—Wall street houses which have a latge in- fluence, owing to thelr extensive wire connections, came -out .openly today with the adyice to sell stocks. This advice was followed sufficiently to constitute an important factor in the market of the day. There were fur- ther advances in certain directions and number of new high 'records. But n a_majority of instances there was 2 willingness to sell wherever prices were bid up. List of New Highs. On the list of new highs for the y were Goodrich, which was up ever 2 points at one time; Fisk Rubber com- mon and preferred, Moon Motors, the baking stocks, with Ward “B" nearly © points higher; Railway Steel Springs, where the floating supply is very small weets Co. of America, American Lin: seed, International Cement, General Totor 7 per cent preferred, Interna- ional Business Machine, Vivaudou, Onyx, New York Shipbuilding and In- ternational Paper 7 per cent preferred. Less Interest in Motors. The excitement in the motors sub- sided. On Tuesday most -bf these rtocks had appeared reactionary. The downward tendency was more clearly posed today. There was a sharp ak in Chrysler, which might have teen associated with the denial by a prominent operator of rumors that he had been short of the stock. Hudson had a brief period of advance, then met profit taking in a large way. The <ame was true of General Motors and Moon. Other motor shares appeared to have lost much of the snap which they had shown on other days. Tumble in Afternoon. United States Steel common rallied over a point in the first hour, but the stock was quickly supplfed. and along with Baldwin, General Electric and other representative shares sold off easily as the afternoon went on. The whole arket was literally “full of stocks.” There were Some conspicuous exceptions. Some of the ofls, including Marland and California Petroleum, acted better because they had been so well liquidated before the present reaction and because the bad trade news was all out More and more as the situation was dfed did the fireworks in the motor shares appear to be due to the specu- lation by rich plungers rather than » any reasoned appreciation on the art of the public that these stocks were worth a great deal more than they had seemed to be at the end of the Summer. For the first time the motor shares showed a preponderance of selling and as the day went on some of them became definitely weak. Call Money Advances. Call money went up to 6 per cent, which was the highest since Septem- ber 21. But to ascribe the decline in stocks to the money rate was not in keeping with the facts. Money went up because it was the last day of the month, and there had been tempora- ily heavy withdrawals in order to sup- nly the demand for dividends and in- ierest payments due on the first of October. There was, of course, with a remembrance of November, 1919, the nsual talk about a possible rise in the Federal reserve rediscount as one of the influences back of the selling. MARKET CLOSES HEAVY. ar Late Decline Severe Before Any Sup- port Appears. NEW YORK, September 80 (#)— The closing was heavy. Stop-loss orders “were uncovered in the late dealings and, coupled with increased bear selling, caused a severe decline hefore indications of support appeared. General Electric broke 815 points, and s of 4 to 7 points embraced Du- Chrysler, American Can, Mack Trucks, Sears-Roebuck, _Amerlcan Tobacco and United Drug. Fresh buy- ing developed, however, for several ccfaltles, including New York Can- ners, tional Distillers’ Products. proximated 1,750,000 shares. Markets at a Glance W YORR— Stocks heavy: standard industrials break 3 to 8 points. Bonds irregular; lower. Foreign exchanges mixed; Belgian francs advance. Cotton lower: demand. Sugar firm; European buying. offee higher; bullish Brazilian crop 1dvices. CHICAGO— Wheat easy; disappointing exports. Corn lower; larger receipts. Cattle higher and active. Hogs steady. TODAY’S METAL PRICES NEW YORK, September 30.—Cop- per dull. Electrolvtic spot and futures, 14%. Iron steady; prices un- changed. Lead steady; spot, 9.50. Zinc steady; East St. Louis spot and futures, 7.87. Antimony, spot, 17.25 a17.37. nt. Sales ap- investment rail is- su disappointing 'export CI{ICAGO CASH GRAIN. CHICAGO, September 30 -UP).— Wheat, No. 2, hard, 1.43%al.44 No. 3 hard, 1.42; corn, No. 2, mixed, 82a83: No. 2, vellow, 8213a8 2, white, 39%ad1; No. 3, white, 39ad rye; none; barley, 69a75. BUT’;EB. KIGIESh TODAY. CHICAGO, September 30.—Butter higher, receipts, 6,711 tubs; creamery extras, b1; standards, 48%; extra firsts, 4814a50; firsts, 45a46ly; seconds, 4la 4314, Eggs steady, receipts, 6,113 cases; firsts, 38a41; ordinary firsts, 28a34. RATES ON BAR SILVER. NEW YORK. September 30.—Bar silver, 71; Mexican dollars, 5414. LONDON, September 30.—Bar sil- ver, 3213-16d per ounce. Money, 3% per cent. Discount rates—Short bills, 33 per cent; three-month bills, 39-16 a3% per cent. GERMAN BONDS AND STOCKS. (Quoted 1n dollars per million marks,) Bia ™" X Qer Gt (warIn) e 1914-15 380G0 20055 Hampurg 3% 1 20000 210:00 HorGant 45 foreed 1o 800 “19:00 Gep G Bo16a ™23 (amal peal 25, fi“‘ "Quoted in dollars per thoussn Ger Gen Elec” $tan prew . 00" Gor Gen Elec 435 1019 Benun s prewar” Homh 35, 350 & 48 reiw Hambury Amer Line 458 Norih German Lioyd 4 North German Lioyd Prussian. Coneols 3% Krupn® be 1621 Dusseldor? 4n pre-war Eraniort a4 pré-wai. Munich 48 pre-war. i!u-xi!.chgp Antlin o Commer and privat Bank ol ellachat. D Ban eu Bavemetuadier ianik. Mercur Baok - Vienna. o b mor HESESEESomonanepo0Ds @ .an AR D DDOINDDO0ID~ D] 3333333833833338563: ooy R AN A AL 8333333333335:333385:2, oo ®2220200000200022010D! 3333323 American International and Na- | ANCIAL. Open. High. Low. 67T% 68 6TW 93% 98% 984 10% 10% 10% 106 108 10% 103 101 99% 119% 119% 88 86% 21% 21% 9% 6% 854 86 37% 8614 111% 111 240% 241 236% 119% 120 119% 109% 109% 107% 22% 22% 22% 4% 48% 47X N an 4% 46% 4B% 46 90% 90% 90% 10% 10% 10% . 118% 118% 118 83 83 83 s8u 42 38 13% 13% A1% A1% 84 84 116% 116 120% 120% 50% 50 111% 110 64% 63% 8% 6% nz 110% A% 41% 654y 98% 10% 138% 112% 111% oy 5414 1004 39% Abitid! Pow (4). Adams Exp (6). Ahumada (t1) Alr Reduétn(18). Ajax Rubber. ... lled Chem (4). Allfed Cm pf(7). Allfs Chalm (6). Am Agricul Chm Am Ag.Chm pt Am Beet Sug(4). Am Brk Shoe(5) Am Can (+7).... Am Can pt (1) Am Car&Fdy (8) Am Chain A'(2). Am Chicle. Am Drug. .. Am & For Pow Am & F P pt (7). Am Hide & Lea. . Am Ice (8)... Am Ice pt (8)... Am Internati. | Am La Fran (1). Am Linseed. . Am Linsd pf (7). Am Loco (118). Am Loco pf (7). Am Metal (3)... Am Radlator (4) Am Safety R (3) Am Ship&Com Am S & Ret (6). Am Stl Fdys (3). Am Bugar...... Am Sugar pf (7) Am Sumatra.... Am Tel&Tel (3). Am Tobaceo (7). Am Toba B (T).. Am Type pf (7). Am WW&EI 1.20 Am W W 16t (1) Am Writ Pap pf. Anaconda (3): Ann Arbor. . Archer-Dani Armour Del ( Armour Il A(2). Arn Cons&Co. .. Asso Dry G(2%) Asso Ofl (2). Atchlson (7).... Atchison pt (5). AtI Birm & At... Atl Coast L (18). AtIGuif& WI., Atl Gulf & WI pf Atlantic Refing. Atlas Tack. ..... Austin-Nichols. . Haldwin L (7).. Balto & Ohlo(5). Bang & Ar (3).. Barnet Leather. Barnet L pf (7). RarnsdallA..... Bayuk Clgar Beech Nut(2.40). Belding Bros(3). Bethlehem Stl... Booth Fisheries. | Briggs Mfg(1%) Bkl Edison (8) BkI-Man Tran Bkl Unton G(4). Brown Shoe (4). Brunswick-Balk. Brunswick Ter. . Burns Bro (10).. Burns Br B (2).. Bush Terminal. . Butte&Super(2) Caddo Central. .. Cal Packing (8). Caltt Pemt (2) Calluhan Zinc. . . Calumet & Ar (4) Calumet & H (1) { Can Pacific (10). Case.Threshing. Case Thresh pf.. Cent Leather.... Cent Leather pf. Century Rib (2). Cerro d Pasco(4) Certain-Teed(4) Chandler (3).... Chees&0hio (4). Ches&O pf(8%). Chi & Alton..... Chi & Alton pf. Chi & East Ill p Chi Great West. Chi Gr West pf.. Chi M11 & StP. Chi M1l & StP pt CM&StPotfs.. ICM&StPpfet. Chi & Nwn (4).. | Ch1 & Nw pt (7). Chi Pneu T (5) ChiRI& Pac. C StP M&O ctfs Childs (32.40)... Chile Cop (2%). Chrysler Corpn. Chrysler pf A(8) Cluett Peab (5). Cluet Pea pt (7). Coca-Cola (7)... Col Fuel & Iron. Colo Southern. Col Sou 2d (4)... ColG&E ( ). ColG&EDL (7). Col Carbon (4) Com Inv (2.50).. Com] Cred (1%). Congoleum (2) Conley (sta). Consal Cigar. Consol Distri Consol Gas (5).. Consol Textlla. Cont Can (4). Cont Insur (8! Cont Mot (800) Corn Prod (2). Coty, Inc (3.80).. Crex Carpet (4). Crucible St1 (4). Cuban Cane Su Cub Cane Su pf.. Cuban-Am 8 (2). Cuban Am pt(7). Cuban Domin. Cuban Dom pf... Cudahy Pkg (7). Cushman’s (3).. Cuyamel Fr (4). Davison Chem. . Deere&Co pf(5). Del & Hud (9) . . Del L & Wn (17) DRG Wat pt Detrott E4'(3 Detroit Ed rt: . Dodge xros Cl A Dodge pf (1. . Dome Mines (2). Doug Pectin (1). Dupont (19). Dugquesne pt Bastman (18). Eaton Axle (2) Elec Powr & Lt. E P&L pf 40% pd EIP&Lpt(7).. Elec Str Bat (4). Emmerson Brat. Emmerson B pf. End,John (5).. ErieRR .. Erle 1st pf. Erte 24 pt. Exchange Fairbks (2.60). Famous Pl (8) Federal Lt *1.40. ‘ederal Mines. .. Fed Min pf (7).. First NatP pf(8) Fisher Body (b). Fisk Rubber.... Fisk R 18t pf (7) Flelschmann(t5) Foundation (8). Fox Film A (4).. Freeport-Texas. Gabriel A (2%). Gardner Motor. . Gen Am Tnk (3). Gen Asphait.... 63% Gen Baking (8). 224 Gen Bakg pt (8). 120 Sen Clgar ( 97 Gen Electria:(8). 308 Gen. Motors (17) 111 Gen Mot pf (7).. 114% Gen Outdr Adv.. 81% Gen Outdr A(4). 52% | Gen' Petrni (2) 45% } Gimbel Broi 63% Ginter (1%). 45 Glidden Co. 22% Gold Dust. “ | Goodrich R 66% 9 56% -THE EVENING BSTAR, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Goodyear pf (7). Goodyr pr pf (8). Gould CoupA (2) Granby Consol. . Grt North pt (5) Gt Nor Ore (1).. Qrt Watn Su (8) Gulf Mo & Nor.". GuM& N pt (6). Guif States S (5) Havana Elec (§) Havana El pf(6). Hayes Whi 33, Helm G W (3).. Hoe & Co A (4). Houston O11. Howe Sound (3). Hudson Mr (2%} Hud Man pf (5). Hudson Mot (3). Hupp Mot (1)... Tllinots Cen (7). 111 Cent pt (6) Tllinotc Cent rts. Indep Oll (1)... Ind Motrey (50c) *Ingersoll R(8). Inland St (3%). Inspiration (2).. Interub Rap Tr. Internat Agrl... Int Bus Mac (8). Int Cement (4).. In Cement pf(7) . Int Com Eng (2) Internat Har (5) Inter Har pf (7). Int Mer Marin Int Mer Mar pf.. Int Nickel (2).. . Inter Nick nf(s). Int Paper. . Int Paper pf (6). Intl Paper pf (7) Int Shoe (5).... Int Shoe pf (8). Int Tel & Tel (6) Int Tel & Tel rts. Jones Bros Tea. . Jordan Mot (3).. KCP & L 18t (7). Kan City Soutn. Kan C So pf (4). Kayser (Julius). Kelly-Spring.... Kelly-Spring pf. Kelsey Whi (6). Kennecott (3) Kresge Dept S Laclede Gas (8). Lee Tre & Rub. . Lehigh Val (3%) Liggett & M (t4) Lig & My B (14). Lig & My pt (7). Lima Loco (4) Loews Inc (2)... Loft. Long Bell A (4). Loose-Wiles. ... Lorillard (3).... Loulsiana Ofl... Louis Gas A 1.76 Ludlum (2)..... Mclntyre P (1).. Mack Trucks (§) Macy HR& Co.. Malltson & Co. .. Man El Sup(4%) Man-Elev gtd. .. Man Emd g (5). Man Shirt (1%). Maracaibo Ofl. .. Market Street. .. Market St prior. MarlandOil(1%) Malin Rock (1).. Martin-Parry(2) Mathieson Alka. May Dept St (6). Mexican Seabd. . Mtami Cop (1) Mid-Continent. Middle Stat Mid St Pr p Minn & St Louts Min St P & S5M. M St P & SSM pf. Mis Kan & Tex.. Mo, K & T pf (5) Missour{ Paciflo. Missouri Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3)... Mother Lode Tfa Motor Met (3.60) Motor Wheel(2). Nash Mot (116). Nat Acme (sta). Nat Biscuit (3).. t Biscu pf(7). Nat Cloak (4)... Nat Dairy (3. Nat Dpt Stori Nat Distillers. t Distillers pt t Lead (8).... Nat Ry Mex 2d.. Novada Copper. . XY Alr Brake(2) N Y Alr Br A (4) N Y Canners (2) N Y Central (7. NYC&StL (6) NYC&StLDL(6). N ¥ Dock. . NYNH& Hlft. N Y On&Wn (1). N Y Shipbld (2). Norfolk South. . Norf & West (1) North A (B3.40). North Am pf (3) orth Pac (8)... Norwalk (1.60).. Ontario Mining. . Onyx Hostery... Oppenhetm (3).. Orpheum (1.80). Orpheum pf (8). Otis Elevator(§) Otis Steel pf. Owens Bot (3) Pacific Ofl (3)... Packard Mot(2). Paige Mot(1.40). Pan-Amer (§ Pan-Amer B (6). Park & Tilford. . Pathe Ex A (c5). Penick & Ford Pennsy R R (3. Penn Seab Steq Peoples Gas ( Pere Mar pf (6). Pere M prior(6). Phla Co (4)..... Phla Copt (3)... Phila&RC&1I.. Pndilip Morris. .. Phillips Pet (3). Phoenix Hoslery Phoenix pf (7).. Plerce-Arrow. Plerce-Arrow pf. Plerce Oll. . Plerce Petrol Pitts Ut pf t1. pf n(1.20) & Weat Va. Postum Cer (4). Press Steel Car.. Pr St Car pt (7). Pub Ser N.J.(5). Pub 8 NJ pf (7). Pub Se E&G pf 6. Pullman Co (8). Punta Aleg Sug. Pure Oll (14).. Radio Corpof A. Radlo Cpf (3%). Ry Stl 8pg (8).. Rand Min (1.52). Ray Cons Cop... Reading (4). Reading rta. Reading 24 ( Reid Jom Cm(3). Reld Ice Cr pt (7) Robt Reta & Co.. Remington Type Replogle Steel Rep Ir & Steel... Reynolds Sprngs ey Tob B (3).. Rey TOb pf (7). Rossia Ins (6).. RDNYalLT3%. St Joseph L(13). StL & SanFr((7) St L Southwest. Savage Arms. Schulte Stor(§8) Seaboard Afr L.. Seabd Alr L pf.. Sears-Rebk (6). Shattuck F G(3) Shell Un (1.49).. Open. High. Low. Close. 108 105 224 17% 18 30% 100% 324 102 80 239 115 40% k) 4% 66, 23% 35% 70 96% 24% 116 114 1% 24% 20h 280 4 107 108 105 22% 18% 3 30% 100% 321 102 80% 239 116 404 ¢ 47% 661 24% 35% 70 9Th 24% 118 116 1% g&u 0t zso” 2% 26 26 16% 150% 81% 105 46% 132% 120 9 83% 83% 994 724 82% 934 188% 115 122% ™% 16 43% 404 59% 36% 17% 63 105 54 85 165 16% 79 78 7% 120% 66 35% 105% 105 22 11% 2% 803 98V 81 102 19 289 116 40% 7¢ % C o4 106% 105 22 1% 2% 30% 100 824 102 9 239 115 4014 74 ATw 66% 24% 85 70 24 1% 26 42 26 79% 105 120 9 99% 714 43| 72 41 854 36 82% $34 66% 38% 1% a1 314 467% | 8% 71 126 2% 63% 41% 36% 107 126% 124 854 58% 63% 39% 26% 63 63 26 9% 21 48% % 118 73% 84 58 48% 39% 21% 38% 37 a7 40% 0% 1% 5% 14% 143 81% 130% 54% 80 78 103 97 161 4% 26% 58% 48% 170 836% 13% 84% 18 39% 3% 95 18% 81 15 49% 94 91 120% 88% 49 43 6% 55% IOSK 22“ | Utd Cigar(a3%) IN'BOND MARKET| High Call Money Rates Create Uncertainty and Check New Buying. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YOKK, September 30.—Al- though the higher money rates were supposed to be only temporary, due to the withdrawal of funds for the October corporation payments, the money market was an_{nfluence in today’s bond dealings. There was not much change in prices but bond houses reported an increase of offer- ings around the current level. This gave the market what was commonly described as a “heavy” appearance. Debt News More Favorable. In the judgment of the investment community the latest news from the French debt negotiations appeared to be more favorable. But this was not reflected in the selling prices of French bonds. These were very little changed. and with the volume of transactions smaller than on the pre- ceding days. French city issues were off a fraction. Trading In the new Argentine 6s of 1959 was active around the issue price of 96. Republic of Finland bonds were quoted somewhat lower. City of Berne 8s at 109 were up from their previous sales. Today’s New Offerings. United States Rubber 53 were ac- tive around 90, corresponding to the larger dealers In the rubker stocks and to the favorable advices regarding the outlook for the rubber industry. The aggregate of new issues today was comparatively small. There was an offering of $4,000,000 Iowa Rall- way and Light Corporation refunding mortgage 20-vear 5% per cent bonds, priced at 99 and interest, to vield 5.58 per cent. The International Bank of Washington, D. C., announced an of- fering of 2,000 shares of capital stock of $100 par value. The price was $190 a share. TOBACCO SELLING WELL. Maryland !‘armen Have Already Netted More Than $1,000,000. | Svecial Dispateh to The Star BALTIMORE, September 30.—Mary- land is now marketing her tobacco crop. It is estimated at current prices to be worth $5,826,000. An average price of 27 cents a pound has been re. celved, glving the tobacco marketed to August 1 an approximate value of $1,129,485, according to John 8. Denee, agricultural statisticlan for Maryland. Over 50 per cent of Mary .ad's to- bacco is received at Baltimore by the Maryland Tobacco Growers' Asasocla- tion, he sald. It is sold to them for account of the growers. Maryland exported 91 per cent of | her crop in 1923 and 52 per cent in 1924. STOCKS EX DIV]DEND 1—American Steel Foundries. . 1—Beech-Nut Packing B . 1—Bkin. Man. Tran. pf. J—push Term. 7 per cont Peb. pdee Bros < imer 65 pid - international Paper L S A Wb det e agna Copper . . 1—Manhattan Ry - 1—Philadelphia Co 6% pid. | - I robateo. Praduces . 2—Del.. Lack. and Western Simmons Co (2). Stmms Pet (1).. Sinclair Ofl..... Skelly Ofl. South Por pf (8). 108 South Pac (6)... 97% Southern Ry (). 106 South Ry pf (6). 92 Spicer Mfg..... 83% Std Gas & EI(3). 574 Std G&EI pf (4). 53% Stand Mill (5)... 69% St Oll Calif (2).. 52% StOIINJ (1)... 39% Std Plate Glass.. 7 Sterling Prod(4) 71% Stew-Warner(8) 79 Stromberg (§).. 73 3tudebaker (4).. 58 Submarine Boat. 4 Superfor Ofl.... 3 Sweets (uew) Symington. Symington A(2). Tenn Copper (1) Texas Co (3).... Tex Gulf Sul (3). Tex & PacC&O. Tex & Pacific. .. The Falr (2.40) Tide Water (1).. Tide W Ol pf(5). Timken R B (14) Tobac Prod (6).. Tob Prod A (7) Transcont O1l Transue & W(2). Underwood (3).. CUn Bag & Paper. Union OfI (1.30). Un Paclfic (10).. Un Pacific pf (4) Un Tk Carpf(7). Utd Alloy Steel. . 50% 19 184 263 51% 19% 18% 27 108 9% 106% 92w 83% 574 53% 70 33% 40% 7 U% e 3 58% m 3 13% 19% a2 10% 48% 111% 124 L1k 33% 82 100 45% 924 1044 3% 25 50% 2% 4% 140% 75% 115% 29 82% 182 54% 244% 69 168 33 40% 914 142 64% 105% 105% % 46 121 - 119% 124% 124% 36% 85 80% 78 32 31% 29 8% 1% 1% 104 104 1% 16% 42% 40% 0% 69% 15% 15% 185 185 1% 13% 20% 20% AT 46% 76 134 110% 108 16% 15% 21% 21% 317 30% 17% T6% 138% 136% 129 1284 T4% 18 17 17 26% 26% 20 19% 42% 42% 26% 25% 98% - 90% 8T% 864 3% 3% 26% 26 107% 107% 168% 165% 40% 40 9 79 28% 27T% 64 B3 6iw 63 4T% 4% T6% 'NK in th yearly lrluon extra or special di 19% 22 £10% 474% 110% 1% 1% 33% 81% 100 45 924 4% 103% 3% 25 71 844 140% 5% 1154 26% 81 128 54% 240 €9 164 83 40% 90 140% 84% 106% 45% 120 124% 35% 80% 81% 28% 1% 10% 17% 41 70 15% 185 5% 20% 46% T4% 108 16% 21% 30% 77 136 125% 3% 17 26% 20 42% 26% MK 3T% 8% 26 107% 167% 404 79 27% 83 e3 46 75! 'A United Drug (7). UtdDrug 1st 3% . Utd Fruit (10).. Utd Ry Inves pf. U 8 Cast Iron P. U 8 Distributing U S Hoff (2).... U S Ind Alcohol. U 8 Realty (8).. U S Rubber..... U S Rub 1st (8). U S Smelting(3). U 8 Steel (17) U S Steelpf (7, Umiversal P1p Univer P pf (7). Ut1l P&L A(3). Vanudium (2) Va-Caro Chem. . va-Caro Ch pf. Vivaudou.. Wabash....ce0e Wwabash pf A () 704 Waldorf (1%)... 15% Ward Baking A. 185 ward Baking B. 73% warner A (1%). 20% Warren Co (4).. 474 Weber (4) 74 West Pen ( 110% West Maryland. 164 West Md 2 pf.. 21% Western Pacific.. 8l West Pac pf (6). 77 West Union (7). 138% West Alr Br (6). 129 Westinghs (4).. 74K Weston Elec.... 17 Weston A (2)... 26% Wheel & L Erie. 19% Wheel & LEpf. 421 White Eagle (3). 256% White Mot (4).. 98 White Rock (13) 36% Wickwire ctfs. 8% Willys-Overld... 26% Willys-0d pf(7). 107% Woolworth (3).. 167 Worthn Pump.. 40% Worthtn A (7).. 179 Wright Aero(1). 28% Wrigley (13%). 84 Yalo & Towne.i. 64% Yellow C ¢2.82). 47 Youngstown (4) 76% Diyidend rates as riven are the anny frtest auarter n;oh 'fi. ue nol lnchldui 8 Pald this vear. no g, Syguler fate., nonnl fl stock. pete In brelprred ‘sia: mex ayable Qquartes Dnl'-le 1 ook avavie 13w Quarterly 239 69 164 82% 404 89 140% o1k 10% 16% 42% WASHINGTON D. 0 W'EDNESDAY SEPTEMBER 30, |MOVES AREMIXED | Coxee o BONDS = 1925.' STOCK EXCHAN ' by Private Wire Direct to Tlu Star Office. UNITED STATES. -(Sales are in $1,000.) Sales. High. Low. Close. Lib3%e... 162 1002 9981 9981 Lib1sté%s 5 10126 10123 101 25 mnua 100 30 100 28 100 29 101 11 1018 10110 Lib4th 436e 879 1021 10129 101381 1081 10223 103 106 12 106 4 106 10 FOREIGN. Sales. High. Low. 60 96w 95% 8% 8% 96% 96 96% 96 102% 102% 97% 97% 99’4 99% 99% 9% 88% 86 92% 92 26% 96 109% 169% 107% 107% 109 108% 96% 964 88 87% B83% 83Y% 107% 107% 98 98 100% 100% 102% 102% 108 102% 102% 1024 101 100% 1024 102 108% 108% 109% 109% 41 46 98% 98% 90% 89% 97% 9TH 101 101 101% 100% 101 1004 110 103 110 102 102 103% 103% 106 &8 94% 93% 100% 1054 87% 98 9414 86% Close. 96 87% 96% 96 1024 97% 99% 29% 86% 924 o6l 109% 107% 108% 96K 8% 83% 107% 98 1004 102% 102% 1024 101 102 108% 109% I 98% 89% 9% 101 101% 101 109% 102% 110 102 102 103% 1034 106 8 4% 93% 100% 105 Belgium 634 wi... Belgium 7s wi. Belgium 748 Brasil The.. Brasil Canada bs 1526 Canada 6s 1931 Canada Bs 1953 nada 5%s 193 Chile 78 1943 .. Chile 851928 Chile 85 1941. Chile 85 194, Chinese Gov Ry bs. Christianta 83 Con Pow Japan Copenhagen 68 Cuba 6% Crecho 85 1951. Cecho 881953 ot.. Danish Munic 8s A. Denmark 6s Denmark 8s. DEI6%s Mch '63. DEI15%s Nov '53. Dutch East I 68 '47. Dutch East 1 El Salvador 8 Finland s £ 68°45.. Finlands 7s French s French 7%8....... French B, Ger E1 6%8 50 wi. German 7s Ger Gen Elec Greek 7, Haits 6 Holland Amer 68 Hungary 6343, Japanese 48 Japanese €% Jergens U M 6s " Lyons 68 Mursetlle 6 Mexico 45 ‘04 asntc Mexico 4s °10 asntd Mexico 68 assented Montevideo 7, : Netherlands 63 ‘54 . Netherlands 6s°73. Nord 6%s Norw-y 5148 wi. Norway 68 1943. orway 68 1944. Norway 63 1963 Orlent Dev deb 81% 88 88 100% 87% 9854 1034 1124 93 974 100% 102% 101% 914 #8% 102 104% 1034 1168 67% Paris Orleans 7s Peru 8 . Poland*s 50 wi Porto Alegre Queensland 6 Queensland 7 2 Rio de Jan 8x 1947. Rio Gr Do Sul8s... Sao Paulc City 8s... Sao Paulo State 8s. Stof § Paulorets. . Seine Dept ot 7 Serbs Crot Sl Sweden 5% ct Sweden 63 Swiss 5% 194 Swiss Conted 8. Tokio 6s. Ud Kingm 5% °39. . 24 1184 118% Ud Kingm 5%8°37. 42 104% 1044 MISCELLANEOUS. Ajax Rubber 8s. 11 162 Am Agr Chem bs. 102% Am Agr Chem 73s 13 104 Am Chain sf 63°33. 10 98% Am Repub deb és. . 9Tl Am Smit & R 1at 63 97% Am Smit& R . 106 Am Bug ref . 6 101% AmT&Tcltrds.. 75 9i% AmT&Tecltrbr.. G 100% AmT&Tatbs... 141 96% AmT & T deb 5%s. &7 103 Am Water Wksds. 3 9054% Anaconda 1st 6! 65 100% Anaconda cvdble. 9 102% Andes Cop 7srcts. 27 Armour & Co 4% 3 Armour Del 6%s.. 41 Assoclated Ol 6s.. & Atlantic Refin 63 7 Bell Tel Pa b3 12 Beth Steel pm 58 5 Beth Steel rf 6: 27 Beth Steel 5%s '63. 6 Beth Steel = £ 6 6 Brier H St 1st 6333. 18 Bkiyn Ed 6s... 15 Bkiyn Ed 6s B. 2 Brooklyn Union 6s. 8 Bush T Bldz 65'60. 6 Calif Pete 6%s. . 1} Cen Leth §s 46 ofts 37 Chile Copper 6 24 CInG E 533" Col Gas & K156 ; Col Gas & El 58 sta. Commonwth P 6s. . Con Coal Md 1st 58. Con G NY 5%8 wi. Consumers Pow 5s. Cuba Canecv 7 Cuba Canecvd 8s. Cuban Am Sug 8s. Denver Gas & Dery (DG) 7 5 Det Edison 5 '40. . Det Edison re: Dodge wi 6s. DugL&P5%s" Duquesne Light Est Cuba Sug 7%s. 2 EmpireG & F T%s. Fisk Rubber Goodrich 6 Goodyear 310 Goodyear 85 1941. . Hershey 5%s wi.. Hershey 65 1943 Hoe & Co 6% Humble O& R 5%s 27 Iilinots Bell 1st 6s. 27 int Mer Marine ba. 6 Int Paper 65'47.... 3 Inter Paper 6 Int T&T6%s wi..811 KCP&LtbsA's3 26 KanG&E16s53.. 8 Kelly-Spring ckawa S b3 96% 100% 102% 100% 91 684 101% 104% 1034 116% 67 1014 102% 1087 98 9749 9T 106 101% 97 100% 964 102% 954a 100 1024 39 Lorillard (P) 5 Louisv G & K 6s°53 Manati Sug sf T%s Mid-Con 6% s Midvale Steel b: Montana Pow bi Mor’s & Co 18t 4% Nat Tube 1st bs. North Am Ed §%8 NorOhto T&L 6 Nor States Pow bs. Nor States Pow é#. Otis Steel 73 Otis Steel 8 Pacific Gas & El 6s. PaoT& T 6858 Pan-Amer Pete 6s. Pan-Amer Pe Phila& RAC&I Producers & RE 8s. Public Service 8s.. ' Public Service Pub Sery Eleo P Serv Gas 6% Punta Alegre 7 Remingtn Arms Stnolatr Of1 jeccasStLss..... |CcCastLrtesa. | Lake Shore 4s°28. . Lehigh Valen 4s.. Sales. High. Low. Close. | Sinclair O11 6% 10 87 8ok B6% Stnolatr Oil L1169z 91k Ol% SInCOPL6s'28.. 61 100% 1004 100% 8in Pipe Line bs. .. B4 Bl B Skelly Ol 6%s. 2K 111% 112 1014 101% 101% 1004 100 100% 80% - -00% 90% 1025 1024 102% 109 108% 109 98% 9B% 9B 103% 103% 103% 9C S9% 89% 107 106%. 106% 100%. 100%,100% 105% 105% 1054 9414 94% , 94% 100 99% " 99% 83 524 83 86% F6% 86% 100% -100% 100% 110% 110 110 106% 106% 1084 71% 175 1% 101% 101% 101% 97% 9T% 9T% 101% 101% 101% 100% 100% 100% RAILROAD. 831 89% 3h% 9% 91% 1014 108% 102% 88 97 1% 50 874 u% 804 107% Tenn Elec Pow Toledo Edn 1st 7, Union Bag & P 6s.. United Drug 6s US Rub 1st rf 53.. 60 U 8 Rubber 7%s. .. U.S Smelter 6s. U S Steel s £ bs Utah Pow & Lt bs. . Va-Car Chem 7s... 82 Va-CarCh7ihsw.. 2 Vertentes Sug 7 West Elec bs. Westn Unon 6% Weatinghouse 7s. . Wickwire Spen 7s. Willys-Ov 6%s " Wilson & Co 18t 3 Winchester A 73%s..10 Youngstn S& T & 834 834 89 89 89 894 02% 9% 91% 91% 101 100% 102% 102% 102 102 81% 8T% 6% 96% 1% 1% 89 B 87% 87% 17% 117% RO~ KOZ 107% 107% 101% 101% 101% 103 '102° 103 88% 88 88% 87% 06U 96% 97% 9Th 9TH 9% o1 % 119% 118% 118% 494 49 49 4T% 4T 4T% 89% ¥9% B8O o1 ‘o1 91 3% 3% 13% 63 63 63 8% 484 48% 43% 4T% 4T% 9% 19% 194 4B% 8% 48% 88% B8N B8 4 48k 484 4RY .12 484 48% 48% 104% 104% 104 T4% 4% TA% 97 96% 97 111% 111% 111% 1% TT% TT% 86% 864 86K 86% 864 RE% 94 93% 94 1024 1024 102% 100 100- 100 113 118" 9% 79% 79% R, 98% 9% 98% 98% 98% 1035 102% 102% 100% 100 100% 106% 106% 106% 984 984 98% 94% 94% 94w 87 86 56% 204 90U 90K 106% 106% 108% 103% 103 103% 83% 3% 62% 6214 73% 78 64% 6% 6% 67% 67% 61% 3% T34 95% 95% 175 120 1074 107%°107% 115% 116% 954 954 101% 101% 110 1104 102% 102% 9% 9inm 5% 75% 891 89% 104% 104% 102 102% 4 93% 99% 684 63K 1% 6% #9% 89% 102% 162% 5% 5% 60 60 87% . 874 72% 72% 90 90% 84n 84% 984 984 814% 81% 101 101 984 93% 106% 106% 604 60% 1004 100% 21% 21% 83% 83 102% 102% 9% 794 95% 95% 88l 884 1024 102% 61% 64% £8% 884 1007 100% 100% 100% 95%. 9b6% 101% 101% Atchison gen B & O Gold 4s. B&Ocv4ak B&Orefs B&O1st6sct. B&Ort imp B & O PLEWV 4s, B&O Sw D1v 8 B & O Toledo Buff R & Pitt 4348, Canad North 6% Canad Pac deb 4s. . Car Clinch & O 6s. . Centof Ga5is. Cent of Ga 65 Central Pacific 4s. . 2 Cent Pac 1st 55 '90. 117 Ches & Ocv é¥s Chi & Alton 3348 Chi& Alt 3% sctfs. 2 Ghi B & Q gn 4s '58. 52 CB& Q-IlAiv 4s.. Chi&EIgnbs.. Chi Great West 4s. CM&StP 4s'25 Wret5s.. W eks. ChiRysés.... Chi RI&Prf4 ChiTH&SE Chi Un Sta 43 Chi Un Sta 6s. Chi Unfon Sta 58 *44 Chi Un Sta 6%s. . Chi& W Ind cn 43’ C&WI5s 62, .. Cieve Term 6s, . Cleve Term 5%s C&S1st 43’29 Colo & Sou 4%s. Cuba R R 5! Del & H4 Latrf 4s. Erte 1st cons 4 Erie gen 48 Erie conv 4s A.. Erte conv 4s Erie conv 4s Fla EC 55'74. Fla W & N 78 °4: Gr Trunk sf db 6 Grand Trunk 7s. . Great North 5s.... Great North 54s. . Gr Northgen 7s. .. G Mob&N 5%sB ‘50 Hud & Man ref &s. Hud & Manaj 5s Tl Central ref 4s. . 111 Cent ref 55 °55. . 11l Central 5%8. 111 C-C St L&NO b8 Int Rap Tran 6s. .. int Rap Tr 6s stpd. Int Rap Tran 7s... Int & G Nor 1st 6s. Int & G Nor aj 6 Towa Cent 1st 58 Kan City Ft S 4s Kansas City 8 3s. KansasCity S 58 Kan City Term 4s Lehigh Val 58 2003 Louis & N uni ds.. Louis & Nash 7s. Manhat Ry ends... Market St Ry 78... M&StL1strf 4s MK&TIst4s.... M StP & SSM 63s. MK&T4sB MK&T prin MK & T adj bs MK&T6sC. Mo Pacific gen 4s.. Mo Pac 58 1965. ... Mo Pacific 68, o Pacific 6scfs. . NOTex&M6sB NOT&MS5%S. N Y Cen gen 3%s.. N Y Cent 4538 N Y Cent deb 4 N Y Centr15s. N Y Cent deb 6s. NYChi & St L 5%s NYC&StL6sA New Hav deb 4s New Hav d 45'57.% New Haven c d 6 NYOntW lstds.. N Y Rys 68 NY W & Bos 4 %8, Northern Pac 3s, Northern Pac 4s. Northern Pac bs Northern Pacr 1 68 Ore Short L ref 4 Ore-Wash 18t rf 4 Pennsyl gen 4% Pennsyl gen 5s. Pennsyl 58 Pennsy) 6%s. Pennsyl gold 7s... Peoria & E inc 4 Pere Marq 1st PorRL&P Reading gen 4% Rio G W 1st 4s Rio G West cl 4s RIArk& L 4Y%s. St L IM&S 45°29. St L IM&S R&G 4s. 84% B4% 94 o4 1014 101% 108% 109 96% 967 102% 102% 62% 62% 6 60 92% . 92% 68% 684 27% 274 T4 674 60% K0W 8K Base 96U 964 1064 106% | 97 97, 8214 82w 93 934 1014, 101% 97k 974 ai’ o’ . 107% 107% 3346 33% 98% 98K 98% 98% 93% '93% 85% 5% % T34 88 88 95% 95% 87% 87% 6% 76% B0% 91 98% 99 - 92% R2%4 96 - 964 102% 102%102% -82% 821 83% 90% 90 90 1014% 101% 101% 83% 83w 83% % TT% - T7% 70% 70% - 704 84% 83% 83% % 9% Bd% 9% 97U 9Tk 86% 86%. 85% 88% 83 88 78% 738 78 108% 108% 103% 106% 105% 106% 111 110% 111 8% B6% 85% 83% 834 83% BB% 56% 564 39% 39 39w 85% 86% 85% 92% 82% 92% 85% 8L 85 99% 99K 9% 108% 103% 103% ~99% 99% 99k 96% 964 96X 101% 1014 101% 97 96% 87 66 © 66 66 94% "94 9du 82% ° 82 82% TG T, “76% 6% 764 , 9% 9% T9% T et N e St P Up Dep b5 SanA& Ara P de.. abd A L4s. . Seabd A L ref Seabd A L adj Seabd A L con Sou Paolfic 48'29.. Bou Pacific.clt 4s. . Sou Pacific ref 4 Southern Ry gen 4 Southern'Ry 1at ba. Southern Ry, §s at. Southern Ry 6% Sou Ry Mobjle 4 Term Asso St L 45. Third Ave ref 4s Third Ave adj s TolStL&W Union Pac 1st 4 Union Pac 1st rf Union Pao'¢s*3 Union Pag cv § Virginia Ry 1st 03, Va Ry & P 1st5a.. Wabsksh 15t 64. Wabash 6348 '76.<.” Western Md-¢s. Western Pacific West Shore 1st 4 Wheel & L Ecn s Whel & L E rf 4%; Wisconsin Cent 4s. 118 |1 8% 784 | FINANCIAL. Record Dividends And Interest Are Now Due Investors | By the Associated Press. NEW YORK, September 30.— Investors will receive in dividend and interest payments next month approximately $427,220,000, a new high record, which compares with $402,250,000 in October, 1924, a compilation : by the Journal of Commerce shows. Stockholders will receive about $102,902,000, against $97,350,000 a vear ago, the gain being accounted for by initial and increased dividends by the rail- roads, industrial and public utility companies. Interest payments to- tal $324,300,000. The Government will flisburse nboul 8152 000,000. WHEAT IN TROUBLE | AFTER SHARP RISE Poor Export Demand Cause| of Nervous Reaction and Severe Losses. By the Associated Press. CHICAGO, September 30.—Wheat prices underwent a decided setback to- day after an early advance. Export business was said to be smaller than for a long time, and assurances were recelved that, contrary to earlier re- ports, the Argentine crop is in excel- lent ‘condition. The wheat market closed nervous, 1 to 1% net lower, May 137% to 1.38 and September 1.40% o 1.40%. Offictals of rafiroads traversing Cor- dova and Santa Fe provinces in Argen- tina were quoted as saying that crop prospects are very unsatisfactory. Chi- cago opening prices, unchanged to 1% higher, December, 1.39 to 1.393, and May, 1.42% to 1.43, were followed by a further advance, December touching 1.40% and May, 1.43%. Corn and oats averaged higher, sym- pathizing with wheat. After opening 1 cent lower to % cent higher, Decem- ber, 80 to 80%, the corn market sagged all ‘around and then rose higher than before, both for December and May, | whereas September lagged. Oats started at 13 to % advance, De- cember, 40%. Later the gains were in- creased. Provisions lacked support. WHEAT— September September . December . Max_. RYE September .. December ... May LARD September Qriaber ™ November GRAIN AND PROVISION S. BALTIMORE, September 30 clal).—New potatoes, 100 pounds, a2.40; beans, bushel, 100, 2.00a3.00; cabbage, sweet potatoes, barrel, 1.50a4 barrel, 1.50a4.00; carrots, 100, 5.00; corn, dozen, 10a: elery, 1.5022.00; cucumbers, bushel, 1.25a2.00; caulifiower, crate, 1.50a2.00: lettuce, crate, 1.50a4.50; lima beans, bushel, 75a1.00; peppers, basket, 25a35; onions, 100 pounds, 2.50a3.50; squash, basket, 35a40; tomatoes, hamper, 25a40; pack- ing stock, bushel, 40a55: pumpkins, 100, 5.00a12.00; turnips, basket, 30a35. Apples, barrel, 3.00a5.00; bushel, 50 | al. cantaloupes, crate, 1.00a3.00; grapes, basket, 75a1.00; pears, bushel, 1.50a3.00; basket, 25a50: 3 bushel, 1.50a2.25; quinces, bushel, al1.65. (Spe- 1.00 yams, 3.00a Selling Prices at Noon. Wheat—No. 2 red Winter, spot, do- mestic, 1.42%; No. 2, red Winter gar- licky. 1.38%. Sales—None. Corn—Cob vellow, nominal per barrel; 1, spot, 1.00. Sales—None. Oats—No. 2, new, 4615, Rye—Nearby, new, 80a85; y' pot, no quotations. spot, 5.00a5.50 47%;: No. 3, new, No. 2 ay—Receipts, 12 tons. There is a fair demand at full quotations for the better grades of timothy and choice light clover mixed hay, and on the higher grades of hay there is no surplus on spot. Lower grades of clover mixed and clover hay are hard to move at any reasonable prices. Quotations. per ton, today: No. 1 ¥, 22.00222.505 No. 2, 21.00a22.00; No. 3 timoth 17. 00&]85 0. 1 light clover mixed, 20.00a20.50; No. 2, 17.00a 18.00; No. 1 clover mixed, 19.00a19.50. Straw—No. 1 wheat, 11.00812.00; No. 2 oat, 12.00a13.00. EABNS $3 PER SHARE. " NEW YORK, September 30 (#).— Net earnings of Youngstown Sheet and Tube for the third quarter are estimated in the financial district at about $3 a share, the company’s heavy steel capacity being considered a favorable factor in earnings, in view of the general price weakness in finished steel in the first two months of the quarter. —_— DAIRY MARKETS. BALTIMORE, September 30 (Spe- clal).—Live pouitry—Young chickens, pound, 25a32; Leghorns, 23a28; Minor- cas, 20a25; old hens, 18a30; old Leg- horns, 18a20; old roosters, 16a ducks, - 20a25; pigeons, pair, 25a30; guinea fowl, each, 70a80. Eggs—Recelpts, 683 cases; native and nearby firsts, frozen, offered at 42. Butter—Good to fancy creamery, pound, 48a53; prints, 53a55; ladles, 41a 42; store packed, 39; process butter, 45; roils, 39a41; dairy prints, 3%a4l. TREASURY CEBTIFICATES (Quotations furnished by Redmond & Co.) 13?'19 32 100 9-1 13- 9.1 SKOB.T TERM SECURITIES (Quotations furnished by Redmond & Co.) S -L 235 Adirond, P. & Co. 233 CERE FSF U ! 2 2 Ohio 6 Bethlohem Steel by §ntul ot Geor i R, . G 25552555 2IRIDRE RBBBE D 3 FEr PIF FERTEGIE RC Humble Ofl % 1932 Letich pow, S ¢ m. LC‘S). !7“. 6 IA oY o i exon Short, Line 1929 R, R, 7 1930 nelllr‘cr Oil P. C. fs XDZG 85382 3833355255555835580355e52 5 Co. Bs 1932 lewater Oil- 8348 19 1 Co, of Volon Pac U, S. Rubber 7} Western Union 6 Westinghouse E.&} *Called at 101% . :== 25535555 233332322323 Union S R B et FF I AR | On the other ha 1.25a1.75; beets, | 100, 3.00a5.00; | crate, ; track, veilow, No. | BANK CLEARINGS GAIN $16.314,310 New Record Looms as Sep- tember Swells Total to $136,921,628. BY CHAS. P. SHAEFFER. The purchasing power of Washin |ton during the month ending toda { as measured increased $16 { month of 1424, according to a ment this morning by Ch Bright, manager of the Wa: | Clearing House Assoctation eck tran over the via checks, as agal in September of last Amount of the mon unusually large in v that the usual Fall activity set in untl the fag end of the pe: nd, this month is ver productive as a dividend | large corporations makir lar_disbursements on the 15t With the three-quarte: reached today taken as a g total clearances for the present cal endar year will represent a sum at least $150,000,000 in excess of last year. For the nine months endin today the total is $954.851,345.71, gain of $136,921,628 over the same perfod of last year. Total for the entire year of 4 was $1,167,398,426 Bankers Move Offices. The local office of J 3 and Co., Baltimore iny ers, is now betng removed fr ibbs Buflding to a new t National Savings and Trust Co. Build ing. Expansion of business neces tating additional office space fis i reason advanced by (. G. Park manager of th hington branch Mr. Parker announces the adc tion of Robert , jr., Robert G Johnston and Harold C. Patterson the selling force Trading on Local Board. Stock of the Washington Gas Liz Co. enjoyed a slight upturn local stock market this morn shares welling up to 643 gain of half a point stock also firmed {dend, 1% Jort ! were made at 99% Washington Railway common stock sold in s 168 and 16 although -a m es of 151 share ind_ Elect Tots thaler to 187 o cage a stronge Riges Natfonal {Investment preferred on good selling at 9 | tlonal Bank unchanged.® { There was relatively good sell *’n-u investment side of the list of ( tal Traction 5s at 99y Southern Boosts Earnings. | Surplus of $11.729.000 reported the Southe Rail for - the months of 1925 after taxes and charges is equal to $5.10 a share on the cc n stock, after divid on the 8 per cent against $9,149.000, | shares, August s t $1.68: The company months is equal to $2.50 a share cr the common, against $2.21 a share : vear ago Pennsy Reports Income. An increase of $3,498,762 In | operating income is reported by the *| Pennsylvania Railroad for August [mkmz a gain of $9.712447 for the elght months this year over the same | period of 1 s revenue. increased nd in the eight | months gainea 11,822,487 Power Deal Completed. With sufficient stock alread ed to assure the consumm: i | pe {of the plan for the acquisition of | control of the Western Power Corpc { tion by the North American Co., Pres |dent Frank L. Dame of the Nortt i American Co. today {issued s e | ment in which he gave much detail ed information about the combinati | of the two companies With the inclusion of Western P er properties Dame North Ameri em is the w rgest electr producis | group under a single owners | statement gave the combin of Western Power s 12 months ended August 31 $17,182,053 gro galnst $16,513, .789 net for the 12 December 31, 1924 customers served by Western P subsdifaries in excess of 133 ion of Western Power present generating capacit 500 horsepower will increase North Ameri capacity to 416 hors development of proj in_Califor will fncrease the hydroelectric oapacit of the Western Power group to 1,600, 000 horsepower. months end The number power. Pleased With Acquisition. “Control of the Western Po Corporation is regarded as one of most advantageous acquisitions the North Amerfcan Co.’s histor: said Mr. Dame. “Because of its vas frrigation and reclamation projects California, perhaps more than anv other State in the Union. is dep: ent upon central station electr {power, and this is particularly true |of the central section of the State | served by the Western Power systen jincluding the Great Western Power Co. and the Sap Joaquin Light and Power Corporation. These sub: aries operate in the most in industrial and agricultural parts California, comprising 24 counties with an area of 40,000 square mile and a population of 1,750,000. fornlans, by the way, use more elec- tricity per capita than the people of any other State.” RADIO DIVIDEND SKIPPED. NEW YORK, September 30 (#). Charles Freshman, president of the Freshman Radio Co., announced to day that the directors had suspended the quarterly dividend of 50 cents share which was due on Septembe 18 in order to conserve cash. Several dividends of that amount have been . ot FOBEIGN EXCHAN GE. (Quotations furnished by W. B. Hibbs & Co. Nominal Selling checks gold value. ~ toda London. pound. -S48005 $4.84 Montreal. dollai AS00EL: Paris. franc. . Brussels, {ran Berlin, ‘mark Rome. | peseta. ... crown.., crown érown zloty crown Prague. Warsaw. Copenhagen. Christiania, crown. Stockholm. crown. NEW YORK, Scptember 30.—For eign exchanges steady. Quotations; in cents: Great Britain, demand, 484 1-16; cables, 484%; 60-day bills on banks, 480%. France, demand, 4.73; 4.733%. Italy, demand, 4.06% 406%. Demand—Belgium, 4.42; many, 23.80; Holland, 40.15; Norway, 20.14;” Sweden, 26.82; Denmark, 24. Switzerland, 19.29; Spaln, Greece, 1.45%; Poland, 16. slovakia, 2.96; Jugoslavia, 1.77%; tria, 14%; Rumania, 48%; Argentina, 40.62; Brazil, 18.95; Tokio, 41;" Shang: hai, 79%; Montreal, 100 1-64.