Evening Star Newspaper, September 25, 1929, Page 12

FINANCIAE. CURBISSUES RALLY ~ AFTER SHARP DROP Decline Stopped in Late Trading After Many Stocks Hit New Lows. BY JOHN A. CRONE. Bpecial Dispatch to The Star. NEW YORK, September 25.—Rallying tendencies appeared in the final nour on the Curb today, bringing about some sharp upturns from the lows reached in the fourth hour. Althougn some of the utilities, such as Commonwealth Utilities B and Tam- pa Electric, reached record highs, a number of the more volatile issues were well below previous peaks. In the avia- tion group Transcontinéntal Air Trans- port, Western Air Express and Aero Underwriters recorded new low levels. Some of the pivotal shares, such as Electric Bond and Share, after break- ing from 2 to 5 points, met support levels. This was true of Electric In- vestors, Central States Electric, Insull Utilities, United Gas Improvement and issues of that type. Aviation Shares. Aviation shares proved the weakest spot in the first two hours of trading. Some of the newly formed investment trusts came within fractions of their previous low levels or original offering prices. A few of the utilities that have been whirled vigorously in preceding sessions also reacted, but most of the stocks in this division merely see-sawed, as support appeared to be sufficiently strong to absorb short selling and profit taking. Commonwealth & Southern, which is slated to go over on the big board soon. opened higher, but after encountering several large blocks of stock, one of them amounting to 10,000 shares, re- acted, recovered and then relapsed again. Tampa Electric, which has persistent- 1y been accumulated on rumors that Insull interests were about to take it over, early climbed to a new high. Al- lied Power & Light met with profit tak- ing that erased gains recorded in the last several sessions. Dixie Gas & Utili- ties. United Gas, Lone Star Gas and Arkansas Natural Gas responded to fa- vorable reports about the increased consumption of natural gas. but later ran into some selling around their top levels. A Dissolution of the selling syndicate in interstate equities did not bring much dumping of these shares in the first two hours. Blue Ridge common and preferred come within a small frac- tion of their record low marks. Tri- Continental at intervals was fraction- ally higher. Lehman Corporation ruet further profit taking. The wind-up of other investment trust selling syndi- cates, not yet announced, gave the list & ragged appearance. Pressure on List. Specific favorable deveiopments, such as an intimation of an early stock diwi- dend for Segal Lock, failed to bring about generally higher levels in the in- dustrials. Crocker Wheeler, new moved within a comparatively narrow range, which also was true of Commercial Sol- vents new. American Cyanamid miet further pressure. NEW YORK COTTON. NEW YORK, September 25 (Special). —The cotton market steadied today fol- lowing the liquidation of the long in- terests in October the past few weeks, and after notices had been circulated aggressive buying by spot interests ad- vanced near months nearly $2 a bale and cut down the October discount from 38 points under December to only about 6 points at the close of the session.! Final quotations were 10 to 40 points higher than last night. Spots were ad- vanced 40 points to 18.85. Open October, old October. new December . January March May NEW YORK. September 25 (P).— | Stocks, heavy; United States Steel icads decline on tight money. Bonds, eas; convertibles break with stocks. easy: oils well supported. Foreign ex- changes, firm; sterling cables rise above $4.85. Cotton, higher; spot house buy- ing. Sugar, easy: liquidation. Coffee, lower; trade selling. CHICAGO, September 25 (£).—Wheat, firm; better export demand. Corn, firm: frost damage Northwest. Cattle, weak to lower. Hogs, lower. MONEY MARKET. NEW YORK, September 25 (#)—Call money firmer; high, 10; low, 8; ruling rate, 8; close, 10. Time loans, steady; 30 days, 9a9!;: 60-90 days, 9a9ly; 4-6 months, 9a9'4. Prime commercial paper, 6a6's. Bankers' acceptances, unchanged. CHICAGO LIVE STOCK MARKET CHICAGO, September 25 (#) (U. S. Department of _Agriculture).—Hogs— Receipts, 21,000 head, including 2,000 head direct; market opened weak to 10 lower: later trade 10 to 25 lower; hogs ! scaling under 247 pounds selling most | loss; practical top, 11.00, paid for num ber loads 180 to 210 pounds weights: butchers, medium to choice, 250 to 300 pounds, 9.25a10.45; 200 to 250 pounds, 10.00a11.00; 160 to 200 pounds, 10.00a 11.00; 130 to 160 pounds, 9.40a10.85; packing sows, 8.00a9.00; pigs, medium to choice, 90 to 130 pounds, 9.00a10.50. Cattle—Receipts, 15,000 head. Calves ~—Receipts, 3,000 head. Choice fed steers scarce, steady; others slow, weak to 25 lower; she stock 25 or more lower; light yearlings scarce; stockers and feeders easing off; top steers, 16.75; slaughter classes, steers, good and choice, 1,300 to 1,500 pounds, 13.25a16.75; 1,100 to 1,300 pounds, 13.25a16.75; 950 to 1,100 pounds, 13.25a16.75; ‘common and me- dium, 850 pounds up, 9.00a13.25; fed yearlings, good and choice, 750 to 950 pounds, 13.50a16.25. Heifers, good and choice, 850 pounds down, 13.00a15.25; common and me- dium, 8.00a13.50. Cows, good and choice, .50; common and medium, : low cutter and cutter, 5.5086.75. s. good and choice (beef), 8.90a 10.25: cutter to medium, 7.00a9.25. Veal~ ers (milk fed), good and choice, 15.00a 17.50; medium, 12.50a15.00; cuil and common, 8.00a12.50. Stocker and feeder steers, good and choice, all weights, 10.75a12.25; common and medium, 8.25a 10.50. Sheep—Receipts, 30,000 head, market slow, weak to 25 lower; native lambs, feeding " | sales in hundreds. Lambs, good and choice, 92 pol down, 12.75a13.75; medium, 11.00212.75; cull and common, 7.50a11.00. Ewes, me- dium to cHoice, 150 pounds down, 4.00a 5.50; cull and common, 2.50a4.25. Feed- NEW YORK CURB MARKET INDUSTRIALS. 4 Aero Indust . 10 Aero Sup M 2 Amer Gas 128 Amer Investors 2 Invest war S Amer Laund Mach 2 812 Bell T Pa 3'Bellanca A 2 Blaw Knox rts wi. 1 Bickford, a Bliss E 116 Blue Ride 6 B idge cvt pid. . 4412 1 Bohack H C Co...... &0 1 Bown-Bilt Hotels 13 66 Braz Tr L & Liii e S Brit-Celanese Ltd 4 Budd Edw . 10 Bulova Watch 18 Rurma Corp . o 3 Burco war Wi S 1 Gable Radio Tibe Ve 13, % wireless A1 37 Cen 3 Gen & soutn P8 A 973 Cities Ser n.. i 2 Citi ohn 3 Columbia Pictures. .. 91 Commere Inv_Tr wi ¥y Commonwith Ed 3 of 197 Com 8ol 1 Cons Afrcraft 43 Cons Auto M s Consol Dairy 2 Cooper Bessemer. 2 Cooner Beassemer pfd A 26 Cord Corp .. e 2 Corroon & R ‘i A 1 Crm of Wht vtc wisid 18 2Cim of Wht vtc wi 40 1 Courtaulds 16! Wheeler: 90 De_For RC 1 DeHavilland villand U 35 R & U Cor pid 118 Thester Equ vio g4 ¥ A 12aGr A& P 18 Grocery B zad R od vt Shoe. ... igh. Low. Ol 380, Yaov. 3 Mesabi Iron .. 1 Metro Chain '8t ] & Min .. W U 253 Mid West n 2Mid W Ut Te pf 4 Milgrim Bros 23 Missouri onty 3 Moody In Serv p Municipal Serv 5 Murphy G C. Nat Am Co Aviati Container ainer pf. St 33 1 New Haven Clock t Con .... 10 Noma Elec ... 18 Nor Amer Aviaiion’. 2 Penn A 94 Pennroad Corp vic Peop Drug Sto-e .. P Corp A 51'; Mg 108 1 Perryman Elec A1 Petrol Corp 1si” pd. 1 TP, Y ] ilot Ra. A inchin John Co Ltd itney Bowes P. itts & 'L E itts P Glass . JROC ) 23739y <t H 501 39% a3 Pub_Serv Pyrene Mfg Ral Lt Sel G0 10799970 5 1Rudd Mfg..... 4 Ruc e Y Fiih & 378t Regis Paper n iy St Reis r pfd. ! 478t Regis Paper ris Sc C egal Loc| . elected Indust Inc.. Select Ind Inc rld . 83 30 Seise 103 20 Gonfrol entry Safety ton Leather. 2 terra Pac E . 1Silica Gel ctfs . M 1 DxDLE 1 1 FoE e, e 4, 2 4 e cc‘l”l! Corp. . 41 2 2 en Invest oD Aarbide Tis n NG Can. R Shoe © < ; P r P ... 3% o1 Ao 2d bt 80 nan Corp u't 18 53 "535!’5 83 ] o 3 2, i 8 e piEeiaz Received by Private Wire Direct to The Star Office 2 Dolore: § B Caia S8 Ld i on_Lead Min Copper i oo 7 Golden Cenier ‘M. 3 Goland Cons linger 4 Hud S 3 New “anint ow “Quincy | [ipissi] v 6 Roan Antelo gsh-nucx mpn Poo: 6 Wendon Cop . 1Yukon Gold 110! - 13% 1 50 Sales INDEPENDE! sTO i hundreds. T QXL faron by 5Derby O & Ref 8% T8 & oon g ot m GAF 8 cum bl 10 Gulf Ol Pa " 19 26 Pac_Western Oil ... i1 Pandem Ofl ...... & Pantepec —Ofl 2Red Bank Oil 4 Reiter-Foster Oil. . 1R¥an Con... . 13 Salt_Ck Prod 4 Sunray. i 1 Texon O & Land n 44 Venezuelan Pet...... Sales in units, STANDARD OIL ISSUES AND. FORMER SUBSIDIARTES—STOCKS. 0. 500 Vacuum Ol El 4125 '48 2 18Arso G & FI 5138 77 7As GAE 41.s ww 1 34As Tel Ut 5155 43 C 2 '8 Gan Nat Ry 7s E 35 S . e Gen Thenters 164 Ga & Fia 65 A 6 8 Georgia Pow s '67 . 943, 5 Good T&R C 8izs ‘31 9R3( 36 Ground Grip 8 fis "44 1 4 Gulf Ofl Pa 55 '37... 6 Gulf Oil Pa 55 '47 8 Gulf St Ut 55 A ‘36 53 Inland Utilities Inc 4 Houston G G 65 A 06 99 s E 57 95T '36 ww 10112 v Bn ST 87 10hio Pow 5552 B . o 7Nor Texas Util s7d. 103 1 SNor Ind P S 55 C 66 95% 7 Nor S P M 6155 C '33. 102 180hin Pow 4153 D 56 83t a Tr s 63 1Phila Suburb 415e '57 1 6x 49... 9 A8t L G & C . 61 Shell Un Oil C 5s 18chulte R Est 6s '35 80 2 Scripns E W §'-s 128 B g e B 19 Southe PAL 6s A 2025 102 3 8ou Cal Ed 5s '44 100 5 fou Cal Ed 5s '51 30 South Dairles fs ‘30, G‘!. 55 A Faley Mlg 65 '43.,.. 981 Tivest §as, *30 10034 1 tand 2K L 65 s, 91 Clot,_8s 55 VEGETABLE SUPPLY IS PLENTIFUL HERE Seasonable Rains Benefit| Crops in Nearby Maryland and Virginia. Benefitted by 'seasonable rains last week, crops of vegetables in nearby | Maryland, and Virginia, received in the | locai market, are heavier than growers | and dealers had anticipated, and fairly heavy receipts were evidence this morning. ‘Tomato receipts continue fairly heavy, receipts of some exceptionally fine stock being reported. Top quality tomatoes this morning were offered at $1 a basket, small and No 2 stock selling at 50_cents. Eggplant, in plentiful supply, and cut- off beets sold at $1 bushel basket, bunched, beets selling at 4 and 6 cents. Carrots were similarly priced. Plentiful supplies of cabbage also were on hand at about $1 a bushel basket. Other Vegetable Prices. Spinach from nearby sold around $1.50 a basket, the New York spinach selling a trifie lower. Stringless beans, some from nearby and some trucked-in, brought $1 and $1.25 a bushel basket x beans, | not in demand, selling as low as 50 cents. Green corn, splendid quality, sold at $1.50 for 5-dozen sacks, the top quality bringing $1.75. Celery was very plenti- | ful this morning, selling as low as 50 | cents a dozen stalks, and lima beans also plentiful, were offered around $2.50 | a bushel, slightly cheaper than prices the past few days. Wholesalers had green peas from | “alifornia to offer the trade at $5.75 a basket. The peas were reported of excellent quality and in fairly good de- mand. Mushrooms, more plentiful, sold from $1.25 to $1.75 a basket. Honeyballs were so plentiful this morning that at least one dealer broke their original containers and sold them in 2-peck basket lots at $2, reporting it the best buy in that line of fruit. Honeyballs and cantaloupes, both from ( the West, continued in plentiful supply anc. were in good demand. There were some nearby cantaloupes on the country line reported of good quality, but re- ceipts were light. Plentiful supplies of apples, both | from nearby and distant States, were offered at a long range of prices, while peaches, chiefly from Pennsylvania and New York, were offered at prices rang- ing from $2 to $3.50. Persian and casaba melons continued in plentyful upply. Receipts of poultry this morning con- tinued heavy, with prices practically unchanged, while the butter and egg markets continued firm with no change in prices. Prices of all commodities this morning were substantially the same as prices quoted yesterday. Today's Wholesale Prices — Jobbers’ Prices Slightly Higher. Butter—One-pound prints, 481,84912; tub, 47',a48!;; store-packed, 30a32. Eggs—Hennery, 45a46; fresh selected, 40a42; current receipts. 37a38. Poultry, alive—Turkeys, hens, 35; ! toms, 33; Spring chickens, large 30; medium, 27a28: broilers, 30; Leghorns, 25a26; fowls, 28: Leghorn fowls, 22a23; roosters, 22; ducks, 15a20; keats, young, 60a70; old, 35a40. Dressed—Turkeys, 38a40; Spring chickens, large, 38a40; medium, 36a37; broilers, 38; Leghorns, 34a35; roosters, 26; ducks, 28a30; keats, 80a1.00. Meats—Beef, 2215a2! w 26a28; lamb, 25a27; pork loins, 33a35; fresh hams, 26; fresh shoulders, 22; smoked al 28; smoked shoulders, 20; bacon, 28; lard, in bulk, 14; in packages, 15. Live stock—Calves, 15a15'z; lambs, 12a13. Fruit and Vegetable Review. The daily market report on fruits and vegetables (compiled by the Mar- ket News Service, Bureau of Agricul- tural Economics) says: Apples—Supplies moderate; demand light, market steady; Bushel baskets, Virginia, U. S. No. 1, 2%, inches up, 50a1.75; few 2.00: Delicious, i unclassified Delicious, 212 inches up, 1.25a1.50; unclassified var- fous varieties, some fair quality and condition, 1.00a1.50. Cabbage—Supplies moderate; demand light, market slightly weaker; New York, 90-pound sacks-100-pound sacks, Danish type, 1.65a1.75. Celery—Supplies moderate; demand light, market steady; New York. two- | thirds crates, early varieties, 2.25. Grapes—Supplies of Eastern stock light; demand good, market steady: Delaware, 12-quart climax baskets of Concords, mostly 60: few 65. (Correc- tion—Tuesday should have read 60a 65, instead of 50a65.) Lettuce — Supplies light: demand light, market steady: Colorado, crates, Tceberg type, 4-5 dozen, best. 4.50; few higher; poorer, 4.00a4.25; New York, 2-dozen crates, Big Boston type, 1.25a 150; few higher. Onions—Supplies light; demand light. | market steady; New York, 100-pound sacks, Yellows, U. S. No. 1, medium to large size, 2.00a2.25. Peaches—Supplies light; demand moderate, market about steady; Vir- ginia, bushel baskets, White Heath, U. S. No. 1, medium size, best, mostly around 2.50: few higher: ripe wasty, 1.50a2.00; bushel baskets, Elbertas, U. S. | No. 1, medium to large size, best, mostly around 2.50; ripe wasty, 1.50a2.00; New Jersey, bushel baskets, Elbertas, U. S. 1{1& 1, medium size, overripe, wasty, Pears—Supplies light: demand light, market steady; New York, bushel bas- kets, Sheldons, No. 1, medium to large size, 3.25a3.50; Anjous, No. 1, medium size, 2.50. s Potatoes—Supplies moderate; demand light, market slightly weaker: Maine, 150-pound sacks, Cobblers, U. 8. No. 1, 4.5024.85. Sweet potatoes—Supplies light; de- mand light, market steady. Eastern Shore of Maryland, cloth-top barrels Yellows, No. 1, 3.00a3.25. String beans—Supplies very light; de- mand slow, market dull. Norfolk sec- tion of Virginia, bushel hampers Green, | fair quality and condition, 1.25; few sales 1.50; poorer, 1.00; few South Caro- | lina bushel hampers Green, 1.25. | Lima beans—Supplies light; demand ; slow, market about steady. Eastern Shore of Maryland, bushel hampers mostly around 2.50. ‘Tomatoes—Supplies light; demand light, market steady. Nearby Maryland, 1g-bushel hampers, 50a75. Plums and prunes—Supplies very demand light, market steady. | New York, l,-bushel baskets French pruncs, 1.25. "Damsons, no supplies on arket, GERMAN BONDS AND STOCKS. Special Dispatch to The Star. NEW YORK, September 25.— oo ML et o e ac! Ger® Govt" Red Loan withous o000 8100 drawing ctis per 1,000 R M in dolla; | importance are: Communications (cable, | telephone, telegraph and radio), retail RAIL SECURITIES FIRST IN VALUE Gas and Electrical Companies Follow Other Leading Stocks. BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK, September 25.—For every $100 of market value of the 1,200 stocks listed on the New Vork Stock Exchange the borrowings on the stock by members of the New York Stock Ex- change amounted to but $8.79. ‘This looks like a very low figure, yet it is the official figure furnished by the statistical department of the New York Stock Exchange. On September 1 the total market value of the shares listed was $89,668,- 000,000, while the borrowings against these securities totaled but $7,881,~ 000,000. What_industries lead in the market value of their securities listed on the New York Stock Exchange? Railroads are first, with a market value of all the shares totaling, September 1, $12,777,~ 000,000. They are closely followed by gas and electrical companies with $9,- 840,000,000. Oil stocks are third, with $7,600,- 000,000, closely followed by chemical stocks, which had a market value of $7,112,000,000. Automobiles and &cces- sorfes are next, with $6,161,000,000. Other leaders in the order of their merchandising and electrical equipment manufacturers. i After these come steel, iron and coke, | at_$4,403,000,000. Two figures stand out. Listed stocks of United States companies operating abroad have a market value of $2,861,- 000,000, while the stocks of foreign com- panies on the exchange were worth $1,- 950,000,000—that is to say, nearly $5- 000,000,000 of market value is repre- sented in stock securities now. Fifteen | years ago it could scarcely have been thought of. | No industry is important or big | enough to stand still and let the pro- | cession pass. Henry L. Doherty, president of the Cities Bervice Co., the pioneer—really | the original pioneer in oil conservation, | the sworn enemy of waste for 20| years—objects to the California gas | conservation law, not because it is too strict in its application, but because it is not strict enough. Just before leaving for Europe he dis- cussed the situation very frankly and declared that the California law, which became effective in September, did not make adequate provision for putting the gas back into the ground. “In no case does the law contem- plate putting back into the ground the dissolved gas,” said the oil magnate, “and no measure that does not provide | for it can be considered anything bet- ter than a half-way method of meeting the problem.” It was Mr. Doherty who proposed a | plan of unit development of oil fields. When asked whether he considered that plan still feasible and practicable, he replied: “I have followed conservation for years. I consider the unit method the only proper method of oil develop- ment and the only way in which maximum production can be obtained. When_Mr. Doherty returns from a visit to France and Spain, he expects to take up his business again, after being ill for three years with arthritis and neuritis. ‘The United States is the original home of ice cream. Its popularity has never decreased. But in nearly every nation now one can secure a good dish of -it at a reasonable rate. This was not so 15 years ago. Even| in England it was hard to get then. The great American department store of Selfridge’'s was the first to introduce it there. The United States today is consum- ing about 1,000,000 gallons of it a day, | and the per capita consumption last year was a record. From reports based on 2,258 ice cream factories in the United States one learns that the total consumption in the United States last year was 348,048,000 gallons, an increase of over 12,000,000 gallons' during the year. Formerly ice cream was in big de- mand in thé Sumther time, but in the Winter very little was sold. Now that line has been flattened out, and Winter use, while not as great as Summer, is expanding rapidly. ‘The per capita_consumption 20 years ago was_1.04 gallons. Ten years later it moved up to 2.49 gallons, and last year it reached 2.90 gallons. These figures, supplied by the United States Department of Agriculture, show that ice cream today is nearly three times as popular, based on the per cap- ita consumption, as it was in 1910. TIs business more important than cul- ture? Einstein, German mathematical genius, thinks not. Sherwood Eddy, world traveler from New York, met Prof. Albert Einstein a few days ago. “Europe,” said Einstein to Eddy, “has held a tradition of force, but India should choose a path of peace. Let In- dia win her intellectual, her moral, spiritual and cultural freedom. Then her economic freedom. France and Ger- many and the people of Europe in gen- eral, unfortunately, think that fighting is a_matter of national honor.” “Einstein presented a striking per- sonality.” said Mr. Eddy in a letter to this writer, “a child spirit with a giant brain. Long white hair, like a musician, full oval face, large luminous eyes, sun- brown skin from a life spent out of doors in the country. “He is modest, humble, kindly, humor- ous and, above all, human. He is no freak, but normal, poised, interested in FINANCIAL, all social and political problems. He never referred to himself or his discov- ‘To thousands of people Einstein’s statement to Eddy ispeven x;ore 'slf‘r:lfi ing. “T, myself, am a pacifist, an absolute pacifist. You may quote me as saying 50. We should even seek in time of peace to have men take a solemn pledge to take no destructive part in any future war, directly or indirectly. My pacifism is an immediate fecling. Mass murder and the destruction of human life is to me disgusting, horrible, impossible.” ‘To_the cocksure individual. Einstein would be a disappointment. “The nature of reality in itself we do not know. We )g’mwblqo little l')fdll:: itself. We cannot #n be sure of determinism. We can- not label reality.” Not the casual statement—surely. (Copyright. 1929. by North A; - 20. by North American News. HIGHER BRITISH DISCOUNT RATE HELD UNDESIRABLE By the Associated Press. LONDON, September 25.—While the continued outflow of gold in the direc- | tion of the continent is causing some concern on-the stock exchange and in financial circles, there is no undue ex- citement in banking circles where it was known some time that such ship- ments are likely to occur. It is stated that a halt in shipments may take place in the near future, but if’ this should not occur it is believed that the Bank of England will make some arrangements with the conti- nental centers whereby the movement may be modified as the central institu- tion is understood to be anxious not to disturb the trade of the country by a higher bank rate. It is reported in city quarters that leading British and American banking houses have been asked to refrain from shipping gold to -New York unless the exchange makes the transaction really profitable. It is further understood that banking circles and the Bank of England are willing to allow further shipments be- fore resorting to stringent measures. GRAIN MARKET. CHICAGO, September 25 (#).—New, low-price records for the season were established in the wheat market today, but then better power to rally was shown than of late. Rallies were helped by an estimate that 1929 world wheat production, exclusive of Russia and China, will be 500,000.000 bushels below the record yield of 1928. There were also predictions today that wheat ship- ments from the Southern Hemisohere will diminish considerably from now on. Wheat closed firm. 3 to 7% above vesterday's finish. Corn closed 175 tn 215 up: osts, 1> te 35 advance. and provisions ranging from 25 decline to a gain of a shade. Clnca September Rve. | september | | Lard. - | September Cetober .. | November |December January Mav ...l Ribs . | September October ... — . First Tonged Oyster Cargo. BALTIMORE, September 25 (Spe- cial) —The first tonged oysters of the | season came into Baltimore vesterday. The cargo was small—only 150 bushels —but the oysters were said to have |been of exceptional quality for the early season. They came from Her- ring Bay. Hardly had the boat touched her dock ,at the oyster wharf than there |was a mad dash of buyers, and in & (few minutes they had been sold at 18125 a bushel. BANK STOCKS We have prepared a circular giving brief statistical * data on banks throughout the United States having deposits of approximately $25,000,000 or over. This circular will be furnished gladly upon request. FIRST NATIONAL ESETR g ek @ 2883 SFEER er lambs, good and choice, 11.75a13.00. SIGNS OIL AGREEMENT. NEW YORK, September 25 (#)— Harris Hammond, president of the Mexican Seaboard Oil Co., announced today that his company has signed an agreement with the Secretary of the Interior to become a party to the conservation agreement in the Kettle-| man Hills fields in California. ~The company will receive Government leases of 2,560 acres of land in the north dome of the field, making it the second largest individual holding in that area. 23 o 2 A Seventy-five sound films were made Tube & in Germany in the last year, BEEEEED CORPORATION of - BOSTON First NATIONAL BANK BUILDING, BALTIMORE Telephone Plaza 2290 ey 35 S = o EREASSE 2L 2R 25EERS 3= <E<d=a=aqd=d=4==c=m:dccc= 5% a - - g 55 = 400" T, roprE 3 B35 ;;:.;sga:-_.:;:ag:: 25 22 FrSES 843255 ARLRERRRES EREEATES 232! : 1 ulnl“o' E" l"'!l RRE SRS 3 2% 2R Fe8 253 3 #; S 3 S £ 53 SoBE. ERLBRNN0E; £33 2 Freer =5a8: ng2 etoeeigrastid o BEE R s @i @i & 8.3283.58, S = i< Esk3ssecacess wuuisouits 33 —a. "The first_gamekeepers' school - Radio industries of the Netherlands world has v record capacities, ton, Hun near Clin: & @&re operating at established County, N. J.