Evening Star Newspaper, July 30, 1928, Page 12

PINANCIADS, SAFEWAY STORE FEATURE ON CURB Largest Changes on Side of Advance—Some Sharp Declines Recorded. BY WILLIAM F. HEFFERNAN. $pecial Dispatch to The Star NEW YORK. July 30.—The - largest ehanges in today’s trading on the Curb | xchange were on the side of advance. ut there were just enough declines to an appearance of irregularity. | as upon about the scale as h priced stocks was The stock was up closing at 541. Tt v and ran up to 565 d and a gain_on the This was in strong action of Sanitar ich started in down nearly | cgained & good part of & Glass was for & time, showing a, 1 of 4 points at 139. Swift & Co. | moderately higher and the As- sociated Swift International held its position. Warner Brothers Picture “B" | Was active, but without much change | in price. | United Gas & Equipment continued | the leader of utilities and Vacuum Oil | of the oils. ither of them. however, | was able to make much of a gain.| at the start, but ward. Noranda Mines | v, although New points at one appraisal of the into_common The stock h for the year Trading was begun ghts, the first sale being at | | MORE TOBACCO MOVING. | Receipts nnd‘SaI‘!:rof Maryland Leaf Set New Records. Special Dispatch to The BALTIMORE. July 30.—Both receipts | and sales of Maryland leaf tobacco es- tabiishad records for the season last | week, the former totaling 1937. hogs- heads, while the latter amounted to 2.147 hogsheals. according to the weekly report of the State tobacco warehouse. Demand continues good and prices show | Jittle change from last week. although | the better grades are barely holding to former figures. Despite heavy sales, | there are still 10,235 hogsheads of Mary- | land leaf tobacco in warehouses. Quotations today per 100 pounds: In ferior, 6.002a7.00; frosted, 3.00a4.00 s nd common and greenish. 8.00a ! 15.00; good common. 16.00a25.00: me- dium, 26.00240.00; good to fine red. | 41.00250.00; fancy. 50.00: seconds, com- | mon to good. 6.00a15.00: medium, 16.00a | 23.00: seconds, good to fine. 24.00a35.00. | upper country burley nominal: ground leaves, 3.00a25.00. CHICAGO LIVE STOCK MARKET CHICAGO, July 30 (# (United States Department of Agriculture) —Hogs— Receipts, 45,000 head: market mostly | 10 to 20 lower on hogs scaling 160 | pounds up: lighter weights steady: top. 11.25 paid for 185 to 210 pounds. Butch- | ers, medium to choice, 250 to 350 | pounds. 10.15a11.10; 200 to 250 pounds, | 10.25a11.25; 160 to 200 pounds, 9.75a | 11.25; 130 to 160 pounds, 9.40a11.10: cking sows, 9.10a10.00; pigs, medium | choice, 90 to 130 pounds, 9.00a10.50. | Catile—Receipts, 17.000 head; calves, | 3.000 head: steer and yearling market .weak to 25 lower: slow: yearlings off | most; grass cows and heifers dull; veal- | ers and bulls steady. Slaughter classes. steers. good and choice, 1,300 to 1,500 pounds, 14.00a16.35; 1100 to 1300 pounds, 14.00a16.60: 950 to 1.100 pounds. 14.00a16.75: common and medium. 850 | pounds up 8.75a14.00; fed yearlings, good and choice, 750 to 950 pounds, 14.00016.75: heifers, good and choice, 850 pounds down, 14.00a16.75; common | and medium, 4.00; cows, good and choice, 9.10a1250: common and me- dium, 7.2529.10: low cutter and cutter, | €.0027.25: bulls, good and choice (beef). 9.49210.75: cutter to medium, 7.00a9.25. vealers (milk-fed), good and choice. 14.00216.00; medium, 12.00a14.00; cull | end common, 8.00a12.00: stocker and | fecder steers. good and choice (all | weights), 11.75213.50; common and me- | dium, 9.50a11.75. | Sheep—Receipts, 20,000 head; fat| lambs, mostly 25 lower, quality on range | lambs considered: sheep steady: indica- | tions 25 down on feeding lambs. Lambs, | good and choice (92 pounds down). | 13.75215.15: medium. 1250a13.75; cull} and common, 9.50a12.50. Ewes, medium | 1o choice (150 pounds down). 4.25a7.25; | cull and common, 1.75a5.50: feeder| lambs, good and choice, 13.25213.85. | ABITIBI POWER AND PAPER.— | Th been heavy and continuous | bi Power and Paper| mmon stock in the face of a generaly higher market. From 85 it has gone | down to 48. and st the same time there s been a 10-point decline in the 6 cent preferred. The news print s n unsatisfactory, with 1o be reflected tatements. An dividend of 81 a share d on the common in April. and 2 $£50.000.000 issue cent was sold at 947, . BTOCKS definite turn in | arnings of the ofl companies shown | quarter of June statement 1s | blic following in some of pendent company shares like I, Mariand, Phillips and Texas There has also been very #ood epeculstive buying of Tidewater Assciated Oil. The Marland balance | sheet showed & very strong position, es- pecially in the way of liquid assets. This g will be one of the first com- | to resume dividends any substantial gain the the inds panies. h in H COAL MERGER.—The pro ger of the Lehigh Valley Coal and the Lehigh Valley Bales 15 10 be effected through the ex- ange of one share of no par sck 0,000,000 corporation fo each of interest of the Le- high y Coal Co, and one and one- fifth shares of new preferred stock for earh ehare of the coal sales company The new pr is convertible into one share of no par stock KRAFT-PHENIX CHEESE NEW YORK, July 30 (P —Kraft senix Cheese Co. Teports net earn- of $1035384 for the half year for income tax, against 1 the first half of 1927 FOREIGN EXCHANGE Hiny el Nominas ot vatie (or par) Parin frane Brussels. belga Berlin, merk Ron ) Zurich, franc Pinens. drechme rd. peseta schilling penko o enneger Llolm, CIOwS. .y trown . | wl“'dy Private Wire Direct to The Star Ofice e A 33 33 23 120% 13915 12034 TN T8N T uth Penn O. DN ioes ansas. 80 Ky. 1800 Vacuum’ Of1 .\ Sales in BONDS, thousands s A 98 o ] Following 1s a list of stocks and | j3% bonds traded in on the New York Curb Market today: Sales INDUSTRIALS tn hundreds. High. Low. Close. 3 Adams Millis. .. 244 24 1Aero Sup M{ AII.0.0 10t 10%% 2Ala_Gt_South 156 188 2Alum Co Amer 3 133 10 Alum Ltd rts wi_@. @ 181 5Am & For Pow War. 16 16 Am Cyanamid B 4§ Am Cranamid ris .. 3 Amer Dept Stores 2 Amer Gas & El. 5Amer Hawalian 8 2 Amer Trac 1 Amer Nat Oas. ‘ P Ut p pfd. .. Ravon Prod Roll_Mill States Sec A Sta Sec war.. Superp A Superp B nglo Chil Nitra pRonAuKh 1t Metal Wks pfd sso Dve & Print Asso Gas & EI VAN Fruit § Sug 1 Auburn_Auto Co 1Axton Fisher A 2 Bahia Corp 43 Bancita 50 Beld Ha: W Msars -Am Tob B Celanese Lt RR 33 Abitibi Pow & P 5¢ 1y 1 Allied Pack 8s .. 21 Alum Co Amer 85 10 Alum Ltd Ss. ... 2 Am Agsre Gor 83 36 Am Gas & El 83 59 Am Pow & Lt 6 5Am Seating 6s.. 3Am Sol 6'ys 8 Appal EI Pow 'bs. SATK P & L 5% 0 Assoc Gs & EI Biix S Assoc Gas & El 4hon Assoc Elec §'os.. ... AU Fruit 8s Beacon Ofl 8x . Boston Cons Gas 55 : M Cash P &L S Caro P and L 8 u'r Cent_States ¥l 3 Chi, Pneu Tool 8 Childs 8% 8Cincin St Ry §1s 52Cit Serv 5% 2Cit Serv 8s 9 Gt Serv Gas 3l RCIt Serv Gas Pip 2Cit Serv Pow 3 3Cl Term Blde i Command Larahee 8¢ 5 Commenw_Ed 4'ss D 1Cms G Balt 65 A 1Cons Pub €%< 5Contl G & B S8 A 5 Contl Off 8lis Cudshy 58 Cndahy 813 §Denv & Salt Lake 65 6Det Intl 6las 1Dix Gulf Gas 61:8 A £Em O & R 5las 16 Fed Wat Serv 5iss 40 Pivest Cot Mil bs § Pisk Tire 5195 25Fla P & L 27 Gal Sig Pet Ts ‘30 10 Gatineau Pow 8t 4 Gen Laun Ma 6 21 Gen Ravon 6s . 1Gen Vend 6s . 8 Georela_Pow 58 2Goody T & R 5 11 Grand_Tunk 6'2s 4 Guit Oil Pen 55 1Gulf States UL 1Hood Rub 8 Houston Gu! 5Tnd ON & Gas 6¢ idianap P & 1 55 A : & 10834 . H 2 3 H 3 2 H A A A Al A A §Bklvn Cit: Butler ‘Bros Campbell _\Wsant.. 18 Cannon Mills 3 42 Can' Marcon! W..\" T Garnation Mik. ... 3 Gelan, Cor Am 2Gen Aguirre Sus 2 Gent Pub 8 A 9 Gheck _Cab_ M{&. TGS P &L 7 ld 18 Col Graph dd 1 Consol Dairy Pl 1Consol G Balt 3 Consol_Enud, 1 5 R 55 A i Grow A 1; Deere & Co For R C D Store & Coke 5¢ A 4 1 Mor Co 7158 1 Narrag Co §s A 1Nat P & L 65 A 1 Nat Pub Serv 5s 10Nat Rub Mch. ... BN Y P & L 4138 1 Nichols & Shep 65 ww 2Nor Ind P 8 53 C 30hio Pow 3s 10swego Falls 1Pac G & E 1Penn Oh Ed 2Pern P & L 58 D 1Phils E 3 Pitts Steel & Potomac Ed 55 E 10 Pub_Serv E & G 4138 S8t L Gas & Coke 65 18cripns E W58 &PaLs A Fi 2 Florsh Shoe A 3, Ford Mot Co Can .. 3 Forhan Co A 62 Fox 1 Frank 52 Freshma 2 Fulton 12 Gen Bak 2Gen Bak pfd n 3 Gen Pub Ser 3 Gilbert 8Glen Alden Coal eaters A H H Mfz C Chas . Iphon 4128 967 As"A ww 1011 *53 10013 Grasselli Chem r A & P T C1pld 1 & fail Printing ! ¢ 1 Sheft 10 Southeast 1 rd Sa Qabesins 5 sbastos 6s 7, & P58 - Mfe 65 P & L 6t 10 Straw 13Sun Maid Rais 6135 §Sun OIl 51.x 27 Swift & Co 5% ITexas P & L 3 Transcont Ofl 1 80 51> R 31 ] A 1Insur Co N 4Insur Secur . 3Int Ciz Mech Co 2Int1 Print Ink 4Intern Tl B... 1.l 1 Inter_Dep St ‘pid 7Ital Superpow A 5 Ttal Superpow deb Tts 1 Kemsiey Milib ... 4 Kimberly Clark 2 Knott_Co. § Lackayan ' Sc Lefcon Real 3 : 3 P& L Sias Lo & o : ? Warner Br Pic 618 Leh Val C Salex S 10 1b Owens Sh Gi 3 Long 16 Lt prd.. ... 1ds. Akershus 8s 1 Antioquia s D 1 Baden Te 1Bank Prussia 6s 10 Berlin 6s . 3 Buenos Aires Ts ‘32 1 Buenos Aires 7'as 1 1Cent Bk Ger St 63 B. A7': 5Com & Pr Bank 50as 8% 3 Cuban Tel 723 110 3 Denmark 5!58 100°% 50 Denmerk 4155 203 18 Prankfort 6'zs 967a 17 Free St Prus 6 901y 3 Free St Prus 6':. . 98 39 Gelsen Min 65 9 3 Ger Cons Mun L oA 13 Ger Cons Mun €s...0 031% 27 Ger Pr & Com 6':5 A 9712 1 Wemburs E 78 .. 101 5 Indt M Bk Finid s 22 Ttal Superpow 6 1 Jugosiav 8t M BK 75 #5 7 Lombard Elec 78 A.. 10117 43 Lombard Fl 73 A ww 06 5 Mansfeld M&S 7x ‘41100, 4 Mendoza Tias '51.... 99 1 Mor Bk Bogota .. 92% 2 Mor Bk Boota 7s, n 92 12 Mor Bk Chile 65 '31 9774 1Mor Bk Denmk 5s ix 97'% 1Muni Medellin #5.... 108 5 Muni Medellin 7s. v 24 Rin Grande 6s 9 Rio Grands %s '67.. 2 Rus Gov 615 efs n 5 Sante Fe City 7s. 11 Rerba 75 B 10 Stin Hugo 75 4+ Swiss Govt 314s 11 Uni Elec Serv 7s A. 110 2 Uni El Ser 78 A ww. 043 12 Vienaa 65 29 2 Warsaw 7 AR, 4 Westohal Uni Ei 6s A 8813 xd—Ex-dividend. wi—When issued n—New. w With warrants. INVESTMENT TRUSTS Special Dispatch to The Star. NEW YORK, July 30.— Am & Brit Con_com Am & Brit Con 50% r pf uniis Am & Brit Con 6% % Bankers;, Financial Tr Bankers, Inv of Am Bankers' Inv. of Am_deb. Canadign-Bankstks. Inc Colonial Invest' Shares Gontingntal Securlsies Diversified Trustee Shares | Diversified, Trustee Shares B Fast Bankers' com East Bankers' units First Invest A bf. Fixed Trust Bhares “ | Greenway Corp. { Greenway Corp pid Intercont Inv 8% \nits, Insur Shares A 1927 In Sec Corp Am 6!.% bf. in Sec Corp Am 6% ofd Sec Corp Am A In 8ec Corp Am B Invest Trust N ¥ int Sec Corp B units nt Invest Inc int Invest Ine tinits Mass Investors Pacific Tnvestin Pacific Investing pf Second Financial Tnvest Second Tnt Sec | Becond Int Sec 67 8hawmut Bank Inv. Standard_Inv Corp & Brit Int cifs Shares A 8034 9434 9714 8514 19 Marc Were Lond B 1 May Hosiery pid 2 Mead_Johnson 3 Merabi Iron 13 Met 5 & 50c S pfd ur dl St Prod 3 Mohawk Hud Pow 1% Mohawk Carpst w! 3 “Municipal Serv 5 Nat 7 Nat Rub. %, Neisner Br pfd 2 Neve Drug A % N ¥ Tel Co pfd Nichols & Shep ... 8 Nichol & Shep war 6 Niles Bem Pnd 3 Noma Elec . 10 Northe Pow : 1 North O Pow C ... 1Nor Sta P o 1 Northwest Eng % Ohio Bel T 75 pfd.. 3 Parke Davis Co..... . Penney A pfd §Pen Ohio Ed 12 Penn O Ed p pfd % Penn P & L 6s pfd.. 100 3 Peop Drug Store.... 57 4 Philip Morris ....... 3Pick Bar & Co pfd 1 Pierce_Governor 1 Prop Siik Hos Wil 1.Puz S P & L ptd 3 Rainbow Luminous 3 Safe-T-Stat i 41; Safeway Stores 8Safew Strs Opt war 21> Sanitary_Grocery. 2 Seeman Bros 2 Belfr Prov Stores 58erv El n vic & 18erv El n vic pfd .. 18ierra Pac E... 7 8ilica Gel vte [ 3 Silver 1 & Bros . 2Southe P & L Southe P & L Bouth Asbestos South Coast Sou Ice & U B Southw Stores pid 8panish & G rex DD Sparks Withing. .. 1Spieg M Stern pfd 1Stand Pow & Lt 2 Stinnes Hugo, Swift Intl 5 15 d 31 8wift & Co 2 Todd 8hip 36 Transcon Air Trsp. %4 Tubize Art 8 B vic $Tung Sol Lamp. 2 Tune 8ol L A 1United Biscult ' A 1 United Biscuit B 8Tni Flec Bond ris B e 25285 Bros Pic J W a { Aito 8up A Wheel Corp ne Bor & Wire Radio SRS BT MINING STOCKS findseds ol 8Cent Am Mines 8 Cons Cop Mines e Bord S Lia ng Gold M Lt 7Golden Center M Sane g 1Golden Cent M Cash fex C 1 1 Hollinuer 10% 10Wud Bay Min & . 1452 # Bhares C 3 33, i xd 1Rud Bay M & 8 8 pd 1 U # Bhares Canadian Bk D 1Iron Cap Copper * & Mfason Var T AND PINANCE COMPANIES, 1 New Cornelia a5 4 Newmont Minins rd g N J Zinc 50 91 Noranda HOLDING Founders Trust ounders Trust sounders Trust 1% Contin Fin Corp units Credit Alliunce A ¥in & Indus Becur in & Indus Becur ‘of 104 in ‘& Indus Becur warrants 115 INBURANCE. COMPANIES Actnn Pre 790 Acina Life 40 [Am 1o Hewark 1 Allane 5 i 162 4 2 i 2Uni East Min 3 Yukon O INDEPENDENT OIL, BTOCKS 3Am Con OUfds 2 Am Maracaibo Aren Ol 1 Baried deb ¥ 6 Carih Bynd 40 Cities Bery 1 4Cit “Rery pfd i4 Columbla Byid 24 Creole Bynd Crown Cent A% 1 Gulf o1l Pa 124%% 1240 1 Houston Gulf Gas 1] 4 Interconti Pet 118 4 Lion 01l 241, 1 Lone Buar G Del 0% 13 Maedal Bynd 1 ex Ol) ount Prod 2 Pandem Oi) 15 Paniepec O 7 Relter-p 2 Ealt Ck Prod & 1 Bavoy” Of} 7 Texon Ol 3714 Os O non 4 Venezuelan Pet SWilcox O & G n 3% ol n - Sales STANDARD OIL IBSUES AND POR inunits MER SUBSIDIARIES - BTOCKS. 200 Al Lobos 200 Chesehrough Mfe 1200 Contl Ol 100 Gul 8w Ol 30 Gul 8 O pld oid 1000 Humble O & R 00 P L 200 Imp © Can 900 Titer 144 100 Nat Transil & Worthern P 1 1800 Pruivie O & € 800 Praisie P L | 141 o4 [ Cumnden Fire Carilne 210ny of N { Golonint Commer Confinantal Eagle Fid & Cuy Fid & Dy Pid-Phenis Firemen's 1na Franklin Gran Helnen Glohe & 1t L Amerioan Hunover Haritord Pete Vire 2 i’ 1%, 19 2% 142 it 10 i 143 18% Only 50.000 people in Crechoslovakia are out of work. : [EASTMAN DISPLAYS % Every Natural Hue—Scien- 5| it is claimed, can make motion pictures EVERYBODY SEEKS CHOICE BEEF CUT High. Price of Meat Due to| Americans Wanting “Only the Tenderloin.” BY J. C. ROY Special Dispatch to The Star. NEW YORK, July 30.—The choice | {cut of beef thrown on the butcher's | i scales today is selling at almost the | top price since war days. This is re- stricting the number of people who g0 to the butcher shop for beef. Some of ‘Ihv‘ advance is blamed on the high | price of beef cattle. Beef steers today are selling in the neighborhood of $16.40 to $16.75 a hundred pounds or | more. But the real reason for the high cost is the unwillingness of the | American public to buy or eat anything | but the choicest cuts The price of beef in the shops. tak- {ing the carcass as a whole, is ot unduly high compared with the price of beef on the hoof. But customers are | | paying as high as 90 cents a pound for porterhouse cuts, with sirloin and ‘T-bones in proportions. Beef steers are 25 per cent higher than a year ago, but the cuts not quite so choice as those named above are selling at compar- atively reasonable prices. The dealers declare that if the best is hone too good for the consumer, the price is not exorbitant, Pay Much for Animals. | The packers contend they are paying at the rate of $16.50 or more for the animals on the hoof, live weight. At least a third of this weight cannot be used for food purpo: The packers count on one-fifth of a cent a pound | on the meat of h carcass. clare the cost to the ailer or dis- tributor of a side of beef has been in the neighborhood of 20 cents a pound. There are only so many porterhouse and sirloin steaks in each carcass. If the public will not buy the round and chuck steaks, the rib roasts and plate | beef, the cost of those products must | be added to the cuts they will take. Large numbers of cattle were mar- keted from the farms last year. This means that there are fewer animals to be sent to market from the feed lots this year. Moreover, the prices for hay, corn and oats are from 7 to 40 per cent higher than they were a year ago. This induces many farmers to market direct rather than turn their forage crops into meat The range cattle men have been | overstocked for years and have been in a most precarious situation financial- . This has forced many of them to de- plete their herds of breeding cattle and has reduced the amount of marketable beef steers. The cattlemen, now that they are out of the woods financially, are building up the herds again and | holding back animals from market to do so. Situation Is Temporary. This situation, of course, is merely temporary. The ranges are in fine shape ! and the cattle came through last Win- ter in splendid condition. It will be only a comparatively short while until { the supply of beef animals is again built up to a level with demand. Until | that time, however, meat prices seem likely to continue high. They will be higher yet unless the public can be induced to substitute some of the cheaper cuts for the choice tid-bits now selling at such extraordinary prices. The high cost of beef is turning buy- | ers toward the smoked and preserved meats and to the pork products. Pack- ers are doing well in these lines and have registered a profit on the big stocks of pork products which accumu- lated during the Spring. There has | been an increase in hog marketings for the year as a whole, as compared with 1927, but the stocks accumulated have | not_been extraordinarily heavy. Higher prices are anticipated for hogs and consequently for pork for the next two years, since the supply of hogs in the next 12 months is expected to| be considerably less than in the last| | vear. | NEW COLOR MOVIES | £ £ Development Reproduces Scenes in tists See Test. ROCHESTER, N. Y., July 30.—Ama- | teur motion pictures, reproducing scenes | in full natural colors, were shown here | | for the first time today by George| | Eastman to a group of sclentists and | { other public men. | The new process, utilizing & three- | color “light filter” and a new film with | minute cylindrical lenses, is the culmi- | nation of years of experimentation. | with the light filter and the special | film, the veriest amateur photographer, | | which represent the accurate and bril- | | liant reproduction of every color and | shade in nature All the amateur need do s insert the color filter fn his home movie camera and thread in the special film. The new film. which is termed the radically new element In the proces instead of having the usual smooth s face, has the side opposite the sensi- tive coating embossed with cylindrical lenses 50 minute as to be invisible. These | lenses, a part of the film itself and | made of film substance. would each look, | if greatly magnified, like a rib of a cor- | | rugated iron roof | | They run lengthwise of the film and | | cach 15 1-559th of an inch in width These small lenses separate the rays | of light which pass through the three | | segments of the three colored light | filter and into the camera, Each of the | three colors of the filter—red, green and blue—lets into the camera oniy the light rays of its own color. The different col- | ored light rays register on the film only as black and white, but the tiny lenses | émbossed on the film so distribute the | light rays that the different colors reg- | {ster on the film emulsion as a distinct black-and-white impression for each color at that point When the film is projected the light from the machine shines out through | | ihe tiny lenses on the film and through | the projector lense and each ray Is di- | ! yected through the proper color on the | | profector light filter to fall in its proper | on the screen. The combination three flter colors—red, gives every possible those invited to Mr. Eust to view the demonstration Edison, Michael 1 University physiclst director of the of Standards; place | of the and blue | color Among man’s home | were Thomas A Pupin, Columbia Dr. G. K. Burgess, United States Bureau Hivam Percy Maxim, Inventor and | president of the Amateur Clnema | League; Frederick E. Ives, one of the | first experimenters in color photog- | raphy; ¥ F. W. Alexanderson, one of the inventors of television; Dr. W, D. Coolidge of the General Electric Re- search Laboratories, Owen D, Young, halrman board of directors of Cien- cral Eleetrie, and Gen. John J, Pershing i green | atural TREASURY CERTIFICATES. te 1 by 0 & W Sell 40 | Coca-Cola Tnternational Cor. They de- | / Maturity 10 MONDAY. JULY 30, 1928.° GOOD CROP REPORTS LOWER CORN PRICES Big Receipts at Chicago Also Fac- tor in Decline of Coarse Grain Values. NEW YORK, July 30 () —Earnings per share on common stock of corpos tions reporting the past week follow Half vear. 19, 1027, American Bosch Magneto Co... $0.50 Bethiehem Steel Corv. . Butte Copper & Zinc Co. Canada Dry Ginger Ale. Tic. Ches. & Ohlo Railway Co. Childs_Co. E. I du Pont de Nemours & Goiu INg....... & Endicott-Johnson ~Corp. Fleischmann_ Co..... General Mofors ‘Corp....". General Rallway Signal Co. General Refractories Co. Houston Ol Co. of Texas... Jones-Laughlin_Steel Corp. Louisiana Oll Refining Co... .. Paramount Famous-Lasky Corp. Postum Co.. Inc. 5 Stewart-Warner Speedometer. . Studebaker Corp. Union Carbide & Westinghouse Elec William Wrigley. BUYING POWER DROPS. Seasmes @otmose By the Associated Press. CHICAGO, July 30.—Big receipts at Chicago today and favorable crop reports: led to a setback in corn prices ©aamaeee St ness of the wheat market here ascribed to unexpected downturns at Liverpool. Corn opened unchanged to 1% higher, | but subsequently receded all around to below Saturday’s finish. Wheat started e to 3 off, and later underwent a material furfher decline. Oats were | easy. Provisions held steady. With arrivals of corn here today ag- Decline Traceable to Sag in Lamb, | grepating 1319 cars. and with likeli- | hood of another huge influx tomorrow, Wheat, Oats and Cotton. | buyers of corn today appeared to lack NEW HAVEN, July 30 (Special) — | appetite, Commission hous " demand ) 7 _lat the start was soon satisfied and the Farm purchasing power suffered aasle- Uhoie’ market r cline last week, mainly traceable to price | aggresstve selling of the July deliv drops in lamb, wheat, oats and cotton. | Meanwhile, news of adverse ('m‘;;]mnns : | for the European corn crop failed com- Beef steers, hogs, eggs and corn quo- | 190t 0T ¢ I s e ctiffenca. but not cnough to | Pletely to offset the outlook for a larg counterbalance the other losses. | | yield this season in the United States. g : it Downward swings of the wheat mar- SEE R Ol B e ket here accompanicd ot only uniook g : ia | ed-for weakness of Liverpool wheat polxgxaég‘mn?‘:Efli‘[{;f;‘;l ":;;““jr’,’“ff quotations, but went hand in hand with agricultural prices for various periods '}"“‘5 l'h?l the mvcrpn;fl ;ieclmeN w:h e given in.'the following’ table, | Jue to IStuse shipuensy’ oi3 G0 which the average for 1926 represents | America. Furthermore, advices were re- 100 S SeNtS | ceived that there had been but little increase of rust in Canadian wheat Garkon Corp. & e Co. Sidwken Spmuno3s o0 2328823 385322 3233 32223:388883302R Co. Agricul- Non-agri- | tural cultural prices. prices. 108.5 Farm purchasing | there was lessening liklihood now that cither the Canadian crop or domestic Springwheat would be unfavorably affected. Wheat closed unsettled, 1 cent to 1% cents net lower: corn, 3; cent to 25, cents off; oats, 15 cent to 112 cents down, and provisions varying from a hade decline to a rise of 20 cents 1 WHEAT— September December 1 CORN PAINT TRADE BETTER | September NEW YORK, July 30 (@ | Pegember Wweek ended v 27 96.9 8.3 6.1 6.1 (Convri Manu- | OATS - facturers of paint. varnish and lacquer | July {old)- materials had better business in the |September (new) fist half of 1928 than in the same |December (new) period of 1927, It is shown in a sur- |, RVE vey by Oil, Paint & Drug Reporter. | September Higher sales were reported by 56 per December cent of the industry. The credit situa- | tion remains about the same in the paint industry. 11053, London is to have an insurance mu- seum today, after upturns at the start. A contributing bearish factor was weak-| | have been sufficiently sharp to indicate | operation, ponded to somewhat | ™ | 1923 averag: | fields during the last week, and that| | seconds, COTTON SELLS DOWN ON BEARISH NEWS | Lower Cables, Good Weather News and Expected Crop Reports Are Factors. Money and Prices NEW HAVEN, July 30 (Special).— The wholesale price index and the dol- lar's buying power were steady last week, but the situation is significant and sensitive. The price level has risen steadily from the low point of a year| ago until now it is the highest for| the current year. | Money and prices are opposite ends of a see-saw—when prices rise the purchasing power of the dollar declines and since more funds are then neces- sary to do a given volume of business the money demand increases. This nat- urally tends to raise interest rates, the price of accommodation. i During the past month there has to! a significant degree been a strength- ening of both money rates and the commodity price level. The movements | By the Associated Press. NEW YORK, July 30.—The cotton market opened steady today at a de- cline of 23 to 33 points in response to lower, Liverpool cables, a favorable view of the weather news and expeeta- tions of bearish private end-. - dition and crop r]:ports. T The break brougnt in considerat’s covering, and there were quick rallies of several points from the lowest, but the bulge met continued selling, and the market was unsettled Auring the first hour. December sold off to 20.34 with the general list showing net losses of about 32 to 34 points A private report issued after the opening placed the condition at 69.6. compared with 68.7 last mcnth and 69.5 at this time last year. The decline extended to 2031 for December during the morning, with active months generally showing net | losses of about 35 to 37 points. The volume of business tapered off around | these figures and the market steadied on covering. The private condition figures of 69.6 were Asgarded by some of the local traders as point- ing to a crop of about 14,700,000 bales. 12 failure of this report to stimulate 1011 11 ¢ fll:-crmgene:'} bsfiutlx?g p’}%‘ub‘y =t o L 3 oV or rei 3 r Cable advices from London report | mldday‘wu qnlz{ nlt‘ rame: ;‘1“;‘3 ;0 that the index of wholesale commodity | points from the lowest, with December prices in England, as computed by | selling around 20.41 or about 22 to Crump, weakened to 93.8 last week, as | 26 points net lower. compared with 94.3 a week ago and 94.4 | a year ago. Italian prices weakened to 74.4, as| compared_with 74.8 the week preced- ing and 745 a year ago. (Copyriaht. 1928 BUYS RADIATOR PLANT. that powerful economic factors are in | Fluctuations in the general whole- | sale price level and in the purchasing | power of the dollar are given below for various periods. The average for the | year 1926 Is the base used. Whole- sale price fdex Purchasing | power: cts departure from 1926, s 918 9.1 276 7 4.2 it i 98.9 March February January 1927 average . 1926 average 1925 averag 1924 avera) I S S PLANS STOCK SPLIT-UP. NEW_YORK, July 30 (#).—United States Foll Co.. with plants in Louis- ville, Ky., San Francisco and New York | plans a four-for-one common stock |splll-u!p.d"‘r:w new stock will go on an el annual dividend basis of $1 a NEW YORK, July 30 (P.—The | cqual to $4 on the o1d $10 par steer. Crane Co. Chicago. has bought the |which paid $2 a year. A 10 per cent piant and holdings of the Landon Radi- |stock dividend was paid last vear. The ator Co., North Tonawanda, N. Y. | company will sell its metal business to = i - | the newly oragnized Reynolds Metal Co. BUTTER IS STEADY. CHICAGO, July 30 (#).—Butter, un- i JOHNS-MANVILLE PROFIT. changed: receipts, 13,420 tubs; cream- NEW YORK, J s S, Ceniran, Ph: stanganis A% | MaLTile Gt et extra firsts, 4212a43: firsts, 417,a42; | had net profit of $1,600439 for the 38a40';. Eggs, unchanged: |second quarter. making $2,373,144 for receipts, 19,469 cases; extra firsts, [the first half of 1928, equal to $2.81 a 3 firsts, 2915a30; ordinary firsts, |share on the common, after preferred dividends. FOR ONE FULL DAY~~A GENERAL MOTORS TRUCK Perhaps you are incredulous. But grant us the courtesy of investigation—on an honest and sincere offer. This means what it says:a General Motors truck, 6 cylinder Pontiac powered, is yours to use as you POWERED BY THE 'w Series PONTIAC Six cylinder engine 1,000 Pound Capacity, Chassis 385 2,000 Pound, Chassis, $745 J. 0. b. Pontiac, Mich. S. O. S. Call TRANSPORTATION ENGINEERS e TRUCK SALES LEASES will for one day. Either the 1,000 Ib. capacity, or the 2,000; whatever available body type best suits your work. We furnish the truck, a man to accom your- driver, and all necessary gasoline and oil. All expense and risk is ours! We ask you to make the one day test for your own information, and ours. That is all. No obligation is implied in your accep- tance. The offer has no strings—and no limitation except the number of our available trucks against requests for the test. By phone or letter accept an unusual offer. Many, in various lines of busi=- ness, have accepted—and profited. Let us, to-day, schedule the test to meet your convenience. First come are, perforce, first served. Franklin 505 MAINTENANCH CONTROLLED BY YELLOW TRUCK AND COACH MFG. CO.,A SUBSIDIARY OF GENERAL MOTORS 30-38 M Richmond Branch 107 West Canal St, Miller Hoover Motor Co Rrondway, Va Motor Service Co. Danville, Va. H. S. Thomas Charlottesville, Va. ¥ \ Wright Motor Co e s Covington, Va Laey Edgerton, Ine Roanoke, Va, Winchester, Va. sheflield Motor Truck Co Newport News, V. Martin Bros Roanoke, Va. St. N.E. Norfolk Branch 1611-13 Granby St. T. W. Turner Gloucester, Va. rrett, Ine. Sales & Service Fredericksburg, Va. Duval Maotor Co. Lynchburg, V Hudson Motor Hopewell, Va. Simpson Mator Co, Suffolk, Va. Specializing in Commercial Transporation >ALWAYS INVESTIGATE WHAT GENERAL MOTORS HAS BEFORE YOU BUY X NS