Evening Star Newspaper, July 11, 1929, Page 13

!INANCIA‘L‘ PRICES ARE MIXED IN CURB TRADING- Market Is Irregular, Although Majority of Changes Are Upward. BY HARRY H. BECKER. Bpecial'Dispateh to The Star. NEW YORK, July 11.—While the majority of changes in today's trading on the Curb Exchange were on the side of advance, there were enough excep- tions‘to give the list the appearance of irregularity. ‘The outstanding incident of weakness ‘was that in Checker Cab., Closing at 82 on Wednesday, before noon today it had sold at 68!z, off 13 points. Trading was very active on the decline, with the only explanation for the slump the fear of a rate war and of the competitive outlook. It was re- cently unofficially estimated that the company would earn over $7 a share in the first half of 1929, so that there was no reason in the immediate earn- ing outlook for the selling. The feature of the utilities, whiche as a group were again strong today, was Electric Investors. Selling around 236, it was up over 12 points and at & new high. Tee advance was based on the appreciation in market value of its holdings in other utility companies, in- cluding, as they do, Columbia Gas & Electric, Public Service of New Jersey, American Water Works and Interna- tional Telephone, amcag others. American superpm Tose to & new high price, & more®¥ less regular per- formance for this stock nowadays. En- hanced values of its holdings were re- sponsible for the interest. Northern States Power “A” was another stock in this group to reach & new peak price. There was heavy trading in TUnited Gas Improvement, old, at ad- vancing prices, and strength in United Light & Power and Standard Power & Light. Gulf Oil of Pennsylvania was the feature in the oils, selling well above $200 a share for the first time. Cosden Ofl was strong, 3 points higher. Fred T. Ley rallied sharply from the low of the day before, which also was the Jow of the year. The recovery in the low-priced Acous- tic Products was ascribed to the change of control. Bickford’s, Inc., common, trading in which was begun yesterday, was higher. Marconi International was turned over in large blocks without much change in price, the initial trans- action having been an 18,000-share lot. St. Regis Paper went up with the utilities. Baltimore Markets Bpecial Dispatch to The Star. BALTIMORE, Md,, July 11.—Potatoes, white, 100 pounds, 75a1.25; new pota- toes, barrel, 2.00a4.50; sweet potatoes, 1.50a2.25: yams, bushel, 150a 2.2! 100a2.50; beans, bushel, 1.0081.50; cabbsgc lDO. 2.00a3.00; car- rots, 100, 3.00a4.00; celery, crate, 4.00a 6.00; corn, dozen, 25a35; cucumbers, hamper, 60a75; eggplant. crate, 5.50a 6.00; lettuce, bushel, 1.00a4.00; lima beans, hamper, 2.50a4.00; onions, crate, 1.25a2.00; peas, bushel, 2.50a4.00; Spring onions, 100, 1.00a1.25; squash, hamper, 10a20; peppers, bushel, 1.50a2.00; toma- toes, hamper, 1.75a2.25; apples, bushel, 75a2.00. Blackberries. quart, 12a20; cantaloupes, crate, 1.50a4.00; grapefruit, box, 2.25a4.00; huckleberries, quart, 18a 25; oranges, box, 2.50a3.50; peaches, crate, 2.00a4.00; termelons, 20a50. Dairy Market. Poultry, alive—Chickens, pound, 32a 43; Leghorns, 23a31; poorer and 'thin, 21a22; old hens, 29a32; Leghorns, 26a 28; old roosters, 18a20: ducks, 20a25; guinea fowls, each, 50a1.00; pigeons, pair, 25. Eggs—Receipts, 1925 cases; native and nearby firsts, 31a31'5; current re- ceipts, 30; small undersizes, 25. Butter—Good to fancy, creamery, 41 a44; ladles, 33a35; store packed, 29; rolls, 31a32; process butter, 40a4l. Hay and Grain Markets. ‘Wheat—No. 2 red Winter, garlicky, new, 1.19%; July delivery, 1.19%. Sales, bag lots nearby, new, 1.03a1.08; cargoes on grade, No. 2 red Winter, garlicky, 1.20; No. 3, 1.17; No. 4, 1.14; No. 5, 1.11. Corn—No. 2 export, July delivery, no quotations; No. 2 yellow, domestic, spot, 1.11a1.12; cob corn, old, 5.50. Oats—No. 2 white, domestic, ‘spot, 5515; No. 3 white, domestic, spot, 545415, Rye—Nearby, 95a1.00. Hay—Receipts, none. While hay is arriving here in limited quantities only, it is more than enough for demand, which is being supplied mostly by trucks from ‘nearby points, a few carloads being received. There is not enough business passing to establish prices on the various kinds of merit at a range of 13.00a16.00 per ton for timothy or clover hay. Straw—No. 1 wheat, 12.00a12.50 per | ton; No. 1 oat, 12.50a13.00. Live Stock Market. Cattle—Receipts, 500 head. Good supply, market steady. Prices are for grass-fed cattle. Strictly grain-fed cattle will bring considerably more. Steers, choice, 13.50 to 14.25; good, 13.00 to 13.50; medium, 12.00 to 12.75; com- mon, 10.00 to 11.50. Heifers, god to choice, 11.50 to 1250; good, 10.25 to 11.00; medium, 9.00 to 10.00; common, 7.75 to 8.75. Bulls, good to choice, 9.50 t0 10.50; fair to good, 8.50 to 9.50; com- mon to medium, 7.75 to 8.75. Cows, good and choice stable, 9.00 to 10.00; fair to good, 8.00 to 9.00; common to me- dium, 5.00 to 7.75. Sheep and lambs—mcelpm 500 head. Good supply, market steady. Sheep, 2.00 to 6.50; lambs, 8.00 to 14.75. Hor{s——mlpfis 200 head. Light supply, market higher. Lights, 12.95; heavies, 12.50 to 12.70; medium, 12.95; roughs, 8.00 to 10.90; light pigs, 12.00; igs, 12.85. Trucked hogs, 15 to 30 rwer than_quotations. Calves—Receipts, 100 head. Light supply, market steady. Choice, 6.00 to 6.10; no extras, NEW YORK COTTON. NEW YORK, July 11 (#).—The cot- ton market opened steady today at a decline of 2 to 6 points in Tesponse to relatively easy Liverpool cables, a fa- Yorable view of the early weather re- ports and the standard cloth statistics showing an increase of 9.2 per cent in stocks and a decrease of 6.2 per cent in unfilled orders for the month of June. Offerings were -not heavy, and were well enough absorbed by covering and trade buying to hold the market steady at about the initial prices. After sell- ing off to 18.38, Octaber rallied to 18.44, and was ruling around 18.42 at the end f _the first half hour. O private cables said Liverpool had been influenced by local, London and Continental liquidation 'promoted by the weather news from the South and said that business in cotton cloths and yarns was much restricted pending a settlement of the wage question. The market eased later in the morn- ing under continued realizing or liqui- dation. A few additional July notices were issued and July sold off to 18.00, or 17 points net lower, while new crop months showed net declines of about 7 to 9 points at midda; POTATO MARKET STRONGER. CHICAGO, July 11 (United States 3'Aero Sup Mf B n. 1Aero Underw . 2 Agt 2, > 255> P &L pid llied P & LPer . um 538% 333 :: 3 :- »>>>>>g»: SRR 5 waezsw-N8.ta s BEREHEESSE, TeRES FIES & SRS, 288282, SRS ESE PSS S PGS O e R ey - SF i 2 2 Av 1 Axton ‘Fisher A 1 Babcock & 3 Bellanca ‘Atre vie. 2 Bkiyn City R R ck M. es a8 & 201 su E 'Conv pid 2 3ent Ba 1 BLa ww 7 Chain gtoreusmck 1 gvlumbu chzum us El 13 cnmmnnwmm L'm nw s Crocker Wheeler 34 110 Curtiss Wright wi... 11 Curtiss Wright A wi. 2 Curtiss Airport vtc.. 3i 1 DeHavllland ‘A 'n. 3 DeHavilland old 76 Dictograph Prod.. 1 Doehler Die C S BEE, ESEE: s s23RuaE: Bak 6 Gen Bak pfd . 1Gen Firepris n 4 Gleaner Comb et EES s Gr A 1 Ground Grip &t 15 Haygart Co; elting FEEE STt B SRS 2 AN FETE T B BB e i e hons! E2N.EENENI. 8818 SRS 828208 ¥ 23 Nor { Northwest Enik A Btocks A Siltboasd uom. B! 3 C Pe .ck"; ash en rts ¢ d D Groc B 4 i 1 Raybestos 5 17 Eainbow Luin' P 1 33 Reliance Management 11 Reynolds Metal A... T 17 Reynolds Metal B! 1 1l P S S -Sta . a8t Rllis Pl er. e lnk cfllrdvl 3:",. Ing: .. am d Th. 0. 4 Stand Steel Pro; 8 Starrett Corp_. 18 Strauss R 8 Inc wi 15 Stein Cosmetics .. 38 Btone & Web Inc ‘wi m' i 3 Thomps Prod 'A. Thomps Starrett pm 3" 3 T0na Nat 54 323. 1 433 I ndreds. 1Ariz Globe C Com Tun & Cons Cop Mines 19 Cons Nev Utan . T ) Z 2R 3578 SSEPAr RS RIS ) gzz A SERRE Hettnl S50uls Ban W el E F SRS B20utl Tan. Y 2uS 2580l Pt lqln ln&flbflgm POR- o 55 ?E:f"" s 55 H H H NEW YORK CURB MARKET 5rizrioe oz 111 g >3 3 2 383! Iy 13 B8R o Sunn > £ 2 £00090! et City G 85 104 t City G bs 5 8 ¢ Intl glag 62 ntl a SEEH Ere Q goo B 5 2 g S ! 4 Towa N L&P Bs 4 Lehigh Pow 6s A :ou ww. e 493030805 00 Z 03001 B b3 001 1 B 3 AR EEYOC0Z 22222222 ’53 1 s E P Sls "3 [l hils Rap Tr8s 82.. $8is hila Sub 4% 549 58 x B G & E bla Mana eu- B Alol‘ 151v1111 8 e 2 ot S 8 8 55 3, s E W Bias ‘43 9113 Co Del 'S5 '48. T3%s w WAP 413 A '67 9213 sman Pack 6 51% e PLL u Al :tm» mzx. . 3 Wisc Cent 5 '30... 98% Sales in thousands. FOREIGN BONDS. 11 Bank of Prussia 65’30 9 § Buenos Atres s 3 Buenos A s 3 Cauca, vailey Leon T C Tiss 46 ww 1Montevideo 6s A '59 es H 7 43 i B W 6las A 41 xd—Ex-dividen ¥l When feetea. New. v With warrants. Commodity Notes Special Dispatch to The Star, Live Stock. SPRINGFIELD, T, July 11.—The Spring pig crop in Illinois is reported 9.3 per cent'smaller than a year ago, but with an increase of 15 per cent in the number of sows bred. Fruit. ATLANTA.—The watermelons are moving North in great quantities, with reported increasing popularity. Recent hot weather has sweetened the fruit. The estimated yleld of the State at present is 17,000 carloads. Rubber. ‘YOUNGSTOWN, Ohio.—Operations of Republic Rubber Co., big local rubber manufacturing plant, are averaging be- tween 85 and 90 per cent of capacity. Republic makes rubber accessories for automobiles and airplanes. Tobacco. RALEIGH, N. C.—Some North Caro- lina tobacco growers are dissatisfied with the lateness of their tobacco sales, which start September 23, and are mak- ing arrangements to bring their crops to Georgia, where sales begin July 23 and continue until August 1 Lumber. NEW ORLEANS, La.—The mills of the Southern Pine Assqeiation report that in the Jast week ordeYs rose 3.2 per cent to 65,104,000 feet, shipments ad- vanced 9.3 per cent to 68,879,000 and production gained 5.7 per cent to 63,- 976,000, Unfilled orders total 199,004,- 400 feet. Markets at a Glance NEW YORK, July 11 (#).—Stocks irreguls public utilities _ bu t. Bonds irregular; American Telephone |Bed: Curb convertible 4128 make new high. irregular; electric investors up more than 21 points. Foreign exchanges easy; Canadian dollar rallies to 99'% cents. Cotton, lower; favorable weath- er. Sugar higher; bullish Cuban ad- vices. Coffee advanced) European buying. CI-IICAGO J“xm::z firm; com. hl(h- er; unuvon ‘weather forecas.. Cat- tle steady to weak. Hogs higher, INTEREST RATE AVERAGES. ® ol R hl“h averages last Collateral interes| {l ¥y ARE HIGHER HERE hol Usual Demand Prevails at|gcid D. C. Market—Supplies Are Smaller. Buyers at Municipal Pish Market this morning' registered their usual de- mand for marine products. Owing to the hot weather and difficulty exper- fenced in shipping, dealers stated, receipts were not heavy and prices not as cheap as those that have pre- vailed the past few weeks. Some of the supplies received the Eu day or two did not arrive in the best condition, dealers stated, some shippers not using ice enough 'and in other instances large quantities of the ice failing to hold. ‘While supplies were not so plentiful, al had enough fish and crabs to meet demands at prevailing prices. Hard crabs were more plentiful and cheaper, dealers offering them at $3 a barrel, or 50 cents a dozen, selling the cooked crabs at 75 cents a dozen. Soft Crabs Plentiful. Soft crabs, scarce last week, were much more plentiful, selling around $1 a dozen, and dealers expect they will be still cheaper in a few days, say! 1 catches aways are heavy on the Xul of the moon. Plentiful supplies of crabmeat were offered the trade, the clawmeat selling as low as 25 cents a pound. White flake meat was quoted lbdlo and the mp at 65 cents a pount luc?‘b& and small quantities of rock- fish, catfish, carp and a few small perch are about the only varjeties com- ing from the lower Potomac, receipts of fish being so small that prices are oted. n‘l’:figx)n shippers furnished locel deal- ers much of the supplies for the retall trade this morn\ng, Swordfish, rated among the best fis) h received here, sold at 25 cents a und Boston mackerel and cod were cflered at 10 cents, ha dock at 5 cents :dnd fillet of haddock at s a pou ’SN(::I1 Yorkpos ippers had nothing to add to shipments from Boston, while Chesapeake Bay shippers sent butter- fish, small trout and spots that sold at 10 cents nmdd croakers that sold at 8 a poun ng':eenp:hrlmp was in demand at 30 cents a pound, the cooked shrimp lell; ing at 60 cents. Snapping turtles, not plentiful, found slow sale at cheap prices. unicipal Fish Market dealers, hav- leM d\spgsfd of shipments of water- lnm received a few days ago, were unlble to get many melons for today's e. Lnfidtcelp(.s of homegrown vegetables this morning continued fairly heavy and of splendid quality, prices being what dealers termed cheap. Only moderate supplies of corn from Virginia and North Carolina were reported, and the light demand made the ‘market weaker. North Carolina crates sold at $2 and $250. Virginia 5-dozen bags, ordinary quamy. selling at $1.75 and $2. lecided impro ntlent in the q:ozllty jomegrown tomatoes was re] g{ushmong\{ng and receipts were a trifle heavier, Two-peck baskets sold mostly at $1.50 and $2, some especially fine quality stock selling as high as $2.50. Lima beans, product of North Caro- lina growers, were received in moderate quantities this morning and, dealers re- ported, were of splendid quality. They sold sround $4 a bushel hamper, some from North Carolina selling at 33 50. Cantaloupes, honeydews and honey- balls continued in plentiful supply. while watermelons were not so plentiful and higher. No changes in prices of any commodi- ties were reported this morning. they being the same as those quoted at the close of yesterday's market. Today's Wholesale Prices—Jobbers’ Prices Slightly Higher. Butter—One-pound prints, 43a44; tub, 42a43; store packed, 30. En&—Henr?ery. 35a36; fresh selected, 34a35; current receipts, 29a30. Poultry, alive—Turkeys, hens, 34 toms, 32; Spring chickens, large, 45846 medium, 35a38; small, 32a33; Lclhoms1 30a31; fowls, 30a31; roosters, 21; ducks, 15; keats, young, 60a65; old, 35a40. Dressed—Turkeys, 38a40; Spring chick- ens, large, 50a52; medium, 47a48; small, 8a40; Leghorns, 37a38; fowls, 35a36: duclm 28a30; keats, 80a1.00. Meats, fresh killed—Beef, 2415; veal, 23a24; lamb, 30a32; pork loins, 34: fresh hams, 28; fresh shoulders, 22 smoked hams, 30a32; smoked shoulders ISSZOQMMI:MZS lard, in bulk, 14; in_packages, Lfi\e nf)eck-cnlvu. 16; lambs, 13a15. Fruit and Vegetable Review. The daily market report on fruits and vegetables ~ (compiled by the Market News Service Bureau of Agricultural Economics) says: Cantaloupes—Supplies heavy; demand ‘moderate, market slightly weaker; Ari- zona and California Imperial Valley, jumbos, 36s, salmon tints, 3.25a3.50; jumbos, 45s, 3.50a3.75, mostly 3.50; standards, 45s, 2.75a3.00, mostly 3.00, some ripe all sizes 50875 lower; stand- ard flats, 12s to 9s, 1.50. Honey dews, supplies liberal; demand moderate, mar- ket about steady; California Imperial Valley, standard crates, 8s to 13s, 1. 'lfil 2.00; 6s, 1.50, some green all sizes 2! lower. Honey balls, supplies mmmu demand moderate, market steady; Cali- fornia, jumbos, 36s and 45s, 4.50a5.00: itandnrds, 455, 4.0004.50; flats, all sizes, 1.75a2.00. Lettuce—Supplies of Western stock moderate; demand moderate, market slightly weaker; California, crates, Ice- 4-5-dozen, 3.50a3.75. Eastern 'swrgx ’:ueppliu liberal; demand moder- ate, market, weaker; New York, 2-dozen crates, big Boston type, wide range prices, best mostly 1.50; fair quality and oondltlon.fl'l!ual]?li' vezry poor quality condition, low as angnlann—fluypllen light; demand mod- erate, market steady; California, stand- ard crates, yellow Bermudas, and 50- pound sacks, yellow Bermudas, U. 8. Na 1 200a2.15; Norfolk section bushel hampers, yellows, No. 1, nh 1.50; Norfolk section Virginia, some de;:{:%n—suv lies lights dmnd moderate, market st Nor! Hnl, bushel baskets H! 1, 13-inch minimum, inch ~ minimum, 3.50a3.7! 2V minimum, Qg(l!nl Zfim ;nosuyfl:eoo armans, medium arge go 1, 3.00a3.50; South Carolina, hushel baskets Carmans, 2-inch minimum, .25. 3 W:t?nmea—-supplles moderate; demand light, market firm; East Shore Virginia, cloth-f stave barrels Cobblers, U. S. No. 1, 4.00a4.25. Tomwu—suwlhl moderate; de- mand moderate, market about steady; Tanneuee, 4s, ripes and mrnl# ‘wrap- No. 1, 1.50a1.60; nearby Maryland, 14 -bushel hl.mpe;-.xrl ,Mnnmppec, turning unwrappe Wat:nnelonl—!uppllel ‘modérate; de- mand good, market slightly stronger; Georgia and South Carolina, Tom Wat- sons, 30-32 pounds average, 65a70 eac! Thurmond Grays, 32-35 pounds aver- 26-28. pounds average, h. beans—Supplies lberal: de- t sl llywuke:. By the Associated Press, NEW YORK, July 11.—New securities offered today include: Four mil five hi thousand (Abenad Realty ‘Building ( ition) New York City, first lease- 6% ml: cent sinking fund bond certificates, due .mly 1, 10«, priced l:. .par and interest to ylel "’;wo hundred and fifty -thousand Public - Utilities _n'fltmlnt series I, preferred non-cum- ul:mo bunenchl ownership certificates Priced at the market. Tflmtr-nve thousand shares Equit- able Casualty & Surety Co., capital stock, at $60 & share. m, thousand shares Seaboard Inc., class A, no par capital nw&. at $20 & share. CANADIAN WHEAT PROSPECTS SHRINK|sex Since .then the situation has changed. " The last Drought Prevents Chance of Bum-|sho per Crop—Huge Stocks on Hand. BY J. C. ROYLE. Special Dispstch to The Star. NEW YORK, -July 11.—Drought in the last part of June and the first of July has dashed hopes of a ‘big Ca- nadian wheat crop. This became evi- dent today from reports from widely separated wheat-growing districts of the Dominion. Thete will - be, however, ample Canadian wheat to put another obstacle in the road toward relief for the American wheat grower. Moreover, there are huge stocks of Canadian wheat, on hand, in elevators and granaries. Earlier this year estimates of the Ca- | B8t nadian crop were as hl]h as 400,000,000 bushels. Now conservative grain men anticipate a yleld of 250,000,000 to 275,- 000,000 bushels, or a little more than half the crop of 1928. The return to Canadian farmers will probably be less than half what wheat ylelded them in 1928. The latter figure is placed at $403,000,000, although some growers ‘who are pool members have not yet had a final payment for their 1928 grain. European demand is not strong and world ?roducfion is up. The recent price of wheat has been lower for No. 1 Canadian northern and for the weighted average of all grades than at any time since 1923. It has been found that stocks of Canadian wheat in stor- age usually advance sharply when world production is high. An increase of 1 l cent in world production usually g an advance in Canadian stocks in elevators of 2 to 5 per cent. In the meantime Canadian wheat production has been increasing at the rate of nearly 12 per cent per annum since the war. ‘While the pool controversies, the drought and the uncertain position of the grain markets throughout the world have thrown many factors of uncer- tainty into the Canadian wheat situ- ation, buaness conditions in Canada are good, moZiey is not tight and there is not any great feeling of apprehension over the wheat situation. Part of this optimistic attitude is due to the fact that crops in Canada have been diversi- fled to a greater extent than ever be- fore. In some sections, however, a strong demand is being voiced for com- pulsory pool 1eguu.uon SILVEB QUOTATIONS NEW YORK, July 11 (#)—Bar sfl- ver, 5215. Mexican dollars, 39%. condition, 2.00; nearby Maryland, 5-dozen begs, 2.50. Apples—Supplies liberal demand moderate, market steady. Virginia, bushel baskets Gravensteins and Olden- burgs, U. S. No. 1, 21, inches up. flnz qulllly and condition, 2.50; U. 8. 23, inches up, Transparents, 2 Delaware, bushel baskets Williams an ‘Transparents labeled U. 8. No. 1, ordi- quality, no sales reported. beans—Supplies moderate; de- mand moderate, lllfket steady. North Carolina, bushel rerl mostly 4.00; South Carolina, bushel hampers, 3.50. Cu.rrlnb——-suppllcs moderate; demand moderate, market steady. New York, 32-quart crates, 10a121; per quart. Cherries — Supplies light; demand moderate, market steady. New York, 32-quart crates sweet varieties wax, tly poor condition, 1.50a3.00; reds blacks, fancy, 4.0085.00; sour varieties, 7.00a8.00 per crate. Celery—Supplies light; demand light, market about steady. Michigan, High- balls, few sales, 2.00. o as-you FINANCIAL. BT YRS MARINE PRODUCTS m [ New seeuriies ][], POST OFFICE HAS LARGE DEFICIT Department Has Failed to Make Money Since Bur- leson Regime. BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW 'YORK, July 11.—Former Post- r General Burleson, who served llnder President Wilson, has the best neord to show in the attempt to make post office pay its way. In six out ot lhR elght years he was at its head, the United States Post Office Department in more money than it paid out. fiscal year, ending June 30, ptodueed gl:. lreltest deficit 'lt;{,er uootm Aclullly thg deflcn from gs'rl 1s $95,000,000, but if the $42,- 0,000 Whlch the Court of Claims ordered p: to the railroads is taken into oonamennon, the total deficit is $137,000,000. A recent estimate shows that if con- ditions are left as they are, without change in rates and after allowing for increased earnings over the next five fiscal years, the deficit will reach $85,- 000000 & year on operation alone. If to this is added $35,000,000 annually for the Pos Office Bullding program, the department will face a deficit of $120,000,000 a year. Doul the compensation for air mail has had a great deal to do with the increased deficit. President Hoover bellzven the post office should pay its How? First by a thorough investi- tion to determin the sources of in- come and the sources of expense. Then by taking such action as may be neces- sary to bring the two sides of the led- ger into balance. The Post Office Department should not be a charitable institution. Chicago has just sold $40,725,000 in notes to Halsey, Stuart & Co., and thereby has provided the Chicago Board of Education with enough money to carry on in anticipation of tax pay- ments. Halsey, Stuart & Co. deals exclusively in bonds. When other bond houses in recent years began to sell stocks this company turned a deaf ear. It has hammered along and stayed in the linc in which it had built yp one of the larg- est bond houses in the world. ‘The company is headed by Harold L. Stuart, 47, a bachelor, who was born in Providence, R. I.. and attended the University School for Boys of Brown Untversity. He began his banking experience with the old H. W. Halsey & Co. in Chicago, 20 years ago and has been with the or- ganization ever since. r.. Stuart is aggressive, & hard worker, able and like many other bank- ers, averse to personal publicity. He has never given a personal interview, although the company itself has given many. ‘The Halsey-Stuart hour on the air is well known nationally. Any bond house | ulung 50 per cent of its last year's sales is making a remarkable showing this year. “In volume our bond sales are about 80 per cent of what they were last year,” said Mr. Stuart recently. President Hoover has accepted an in- vitation from the Netherlands to send delegates to an international confer- ence on commercial education, at- Am- sterdam the first week in September. He has approved the following rep- resentatives from the United States: John R. Gregg, president of the Gregg Publishing Co., New York; Dr. Louis Manley, dean of the school of business of the University of Pittsburgh; Clay D. Slinker, director of business public d | schools, Des Moines, Iowa; Dr. W. J. Donald, director of the American Man- agement Association; Lloyd L. Jones, Board of Education, Cleveland: John G. Kirk, director of commercial educa- tion, Philadelphia; Dr. Henry Rand Hatfield, department of economics and commerce, University of California; Dr. Emory R. Johnson, University of Pennsylvania; Dr. Leveret S. Lyon, Brookings Institute, Washington; Dr. ‘Thomas H. Healy, Georgetown Univer- sity, and Miss Eva M. Jessup, Board of Education, Loss Angeles. ‘This is an md!ntlon or the growing importance of commercial education and the relationship of the business school to the business of life. Dele- gates interested in commercial educa- -please By the Associated Press. NEW YORK, July 11.—The Minne« apolis-Honeywell Regulator Co., for the three months ending June 30 reports net sales of $1,261,273, as compared with $740,884, for the corresponding period last year, an increase of 68 per cent. Approximately 5,000 independent owners of small news stands, tobacco and stationery shops in New York Cfiy, are forming a central buying and dis- tributing organization to meet com- petition of chain clflr and drug stores, the current issue of Sales Management reports. Confectioners have introduced = chocolate bon-bon with a filling of con- centrated spinach, prepared especially for children who refuse to eat the vegetable in its native state. Lack of domestic demand inspired largely by weakness in London, bmught out lower prices for lead here, the mar- ket settling at 6.75 cents a pound, New York, which compared with 7 cents a week' ago, Engineering and Mining journal reports. Reports covering the western Cana- dian crop for the past week are not encouraging, there being a general need of rain ghroughout the prairie provinces, according to the weekly crop report of the Canadian national railways. WHEAT CLOSES HIGHER. CHICAGO, July 11 (#).—Sensation= ally bullish crop advices both from the Southwest and Northwest, together with word of a dock strike at Buenos Alres, turned wheat prices sharply upward here late today. The advance followed news that as much as eight inches of rain hed fallen in parts of the harvest region ScNthwwt, whereas drought losses Nortirwest were enlarging. Be- sides, the trade toward the last became better informed that crop damage. neither in this country nor Canada since July 1 is included in the Goxernment's reports issued last evening. ‘Wheat closed mervous, Yec above yesterday's finish. Corn closed ¥2 to 7c up, oats 1, to ¢ advanced and provisions varying from 5c decline to 5c gain, S VHEAT. Beptember " December CORN - Fulyioe Beptember ' December 28 Beptembver December July .. Beptemb December LAR] 1328 September 1385 tion will be in attendance from all countries. Probably no more outstanding com- mittee of scientists have joined hands in any one movement in recent years than the specialists just appointed by the United States Secretary of Agri- culture to study and report on the fruit fiy in Florida. ‘These specialists, in addition to the department experts, were selected be- cause of their special qualifications in scientific work. ‘Those appointed include Vernon Kel- logg, secretary of the National Re- search Council, Washington, and friend of President Hoover; H. A. Mor- gan, president of the University of Ten nessee; Dean Thomas P. Cooper, Col- lege of Agriculture, Lexington, Ki Victor R. Gardener, professor of horti- culture, State College at Lansing, Mich.; T. P. Headlee, professor of entomology, Rutcers University, New Brunswick, N. Prof. G. A. Dean, Department of Entomology, State Agricultural Col- lege, Manhattan, Kans, and H. J. Quayle, ?m(esor of entomology, Uni- versity of California. In view of the enormous expenditures clearly needed for the complete eradi- cation of the fruit fly, and because of the nation-wide concern in the prob- lem, this group of specialists met at Washington Monday, and will proceed t? dl-‘loridn immediately for intensive study. Florida has overcome many obstacles in recent years—a land bgom, which collapsed; a hurricane, unfavorable publicity. The vigor with which Flor- ida’s citizens have tackled the prob- lem of the fruit fly means that she also will overcome this obstacle in her path to greater progress and prosperity. (Cobrrisht. 1929 by North American News- per Alliance.} -tours” Round the World This unique service enables you to World on your own schedule, stopping where you please as long as you like. 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