Evening Star Newspaper, October 1, 1929, Page 14

14 sk 'FINANCIAL. BUSINESS ADVANCE IN FIFTH DISTRICT Reserve Bank Review Indi- cates Seasonal Gain in August. BY EDWARD C. STONE. The Federal Reserve Bank of Rich- mond today reported that a seasonal advance was shown by business in the fifth Federal Re- serve district in August and early September over business during the preceding month. Business for August this year also compared favorably with that of August, 1928. Retail trade in the fifth Federal Reserve district in August, the re- view said, showed slightly more than the usual seasonal increase over July trade, and in ad- dition averaged 4.1 per cent above the business done in August last year. The statement is based on information from 30 leading department stores in the district. Total sales this year through August 81 were 2.8 per cent above total sales from January 1 through August a year ago, and August 1929 sales were 18.8 per cent greater than average August sales in the three years 1923-1925, in- clusive, the review continued. Stock on the shelves of the 30 re- porting stores increased 1 per cent during August, but on August 31 was 3.3 per cent less in retail selling value than stock on hand on August 31, 1928. The percentage of sales to average stock carried during August was 23.7 per cent, and the percentage of total sales since January 1, 1929, to average stock carried during each of the eight clapsed months was 206.6 per cent, indicating an annual turnover of 3.099 times. The rate of turnover during the first eight months of 1928 was 2.978 times. Collections Also Compared. Collections during August in 29 of the 30 reporting stores averaged 24.8 per cent of receivables outstanding on August 1, a slightly higher figure than 245 per cent collected in August a vear ago. Baltimore and the other cities reported slightly better collections this year, but Washington showed a decline from 285 per cent last year to 27.5 per cent this year. Concerning wholesale trade in August, the review said there was a seasonal advance, with sales in groceries, dry goods, shoes, hardware and drugs all being larger than sales in July, with especially large gains in dry goods and shoes. In comparison with sales in August, 1928, however, sales in groceries, dry goods and shoes were less last month, but hardware and drug sales increased during the year. In cumulative sales from January 1 through August, drugs showed the only increase over corre- sponding 1928 figures, the other four lines for which information is avail- able reporting lower 1929 figures. Increased demand for commercial and agricultural credit at reporting member banks and at the Reserve bank betweer August 15 and September 15, and a growth in Federal Reserve note circu- lation, together with seasonal increases in retail and wholesale trade and cozl production, indicate that Fall trade opened up normally, the review said. Edward L, Hillyer, vice president of the Union Trust Co. was back at the bank today after an illness of nearly a year. He was greeted by many old friends and congratulated on his return to health. Mr. Hillyer is a director in the trust company and also vice presi- dent of the Washington Stock EX- change. He passed the Summer months recuperating at Southwest Harbor, Me. Eugene E. Ailes, a former Washing- tonian and brother of the late Milton E. Ailes, former president of the Riggs National Bank, and John Leland Cross have become members of the New York Stock Exchange firm of Carter & Co. Both men are former executives of the the National City organization, but left to join the Carter firm. Ailes came to Washington in 1912 with James B. Colgate & Co. and later was instru- mental in reorganizing N. W. Halsey & Co., as the local unit of the National City Co. The local office of Clark, Childs & Co. has been taken over by Mackubin, Goodrich & Co., according to James Sloan, jr. who assumed charge of the office yesterday. He will supervise the brokerage end of the business and Ralph M. Wolfe the investment di- vision. Baltimore and has memberships in both the New York and Baltimore Stock Exchanges. No changes in personnel are contemplated, it was said. Exchange Honors C. J. Bell. The Washington Stock Exchange paid a special tribute to Charles J. Bell, who died early today in St. Luke's Hos- pital in New York City. The exchange adjourned out of respect to his mem- ory. Secretary C. J. Gockeler presided at today's session and asked Albion K. Parris, one of the oldest members of the exchange, to say something about Mr. Bell. Mr, Parris paid the financier a brilllant and fitting_tribute. Trading was very light during the trading session today. Ten shares of Capital Traction sold at 8815, ex divi- dend, and five more at 8815, a new low. Potomac Electric Power 5!, per cent stock moved at 1057, 10615 and 106%. ‘Ten shares of Security Savings & Com- mercial sold at 515, Lanston registered 130 and Mergenthaler 103's. There were several $1,000 bond transactions. g e L CAPITAL TRACTION SITUATION REVIEWED President Hanna Informs Stock- holders of Views Held by Directors. Edward L. Hillyer. President John A. Hanna of the Capi- tal Traction, in a letter accompanying the quarterly dividend checks, said in part the stockholders: #Although recent months show a ten- dency toward improvement, earnings for 1929 have been less than in 1928, and unless conditions change prior to the next dividend date, January 1, 1930, your directors feel that it may not be advisable to continue dividends at the existing rate. #Hearings were held on our applica- tion for increased fare almost continu- ously from July 29 up until September 10, at which evidence was prescnted showing that the company is now and has been for many years earning much less than a reasonable return on the value of its property as legally deter- mined by the court ‘:{’ l‘:tgfiw§‘,‘. rg: ce Was pr al i Shich y contndicmdmth:: rnished by us. The case Wi %flly submitted to the Commission on October 15, If the increased fare is nted, the company's earnings should ample to continue the exizling rate dividend. “The Commission has, in connectjon with the fare case, again brought up: the matter of a merger of the trans- rtation companies, and we atp still peful of congressional action which ‘will make a fair and reasonable merger ' Should such a merger be ac- g economies will be sufficient to! 92 t rrant & 7 per cent dividend and as- £ gv improved service to the public.” ~ ‘The new directing firm is of |. ~Prev. 1929— Stock and High. Low. Dividend Rate. 57% 384 Abitibi Power & Pap 79 Abitibi P & P pf 10 Advance Rumley » 1% Ahumada Lead..... 95% Afr Reductn (14%).. 35% Alr Wal El Ap(2%). Ajax Rubber 4l Alaska Jun 27% Alleghany Corp. .. % 99% Alleg Corp pf (5%). 118% 100% Alleg C pf rcts(5%). 85% 80 Alleg pfrec 5% xw.. 354% 241 Allled Ch & Dye (6). 125 120% Allled C& D pf (7)., 75% 67 Allis-Chalm Mf(n).. 11% 5 Amal Leather. 42% 2214 Amerada Corp 23% 9% Am Agricul Chem 73% 88% Am Agricul Chpf... 155 110 Am Bank Note (13). 20% 13 Am Beet Sugar. 16'% 40% Am Bosch Magneto. 62 45 Am Brake Sh E 154 Am Brown Bov Elec. x:;& 107% Am Can (t4)..... 42% Am Com Ale (k1.60). 79 Am European Sec. 756'4 Am & For Power 108'% 104 Am & For Pw pf 103 88 Am & For Pw 2d pf. 42 24'% Am Hawalian (1). 64 Am Home Ptd (3. 38 American Ice (3). 6524 Am Internat (32). 8% 4% AmLa F & Foamite 136 102% Am Locomotive (8). 119% 112 Am Locopf (7)..... 279': 147% Am Mach & Fay(16). 81% 50 Am Metal (3). . 135 113% Am Metal pf (6) 17% 3% Am Plano....... 176% 81'x Am Pow & Lt (11)... 104 98% Am Pow & Lt pf (8). 80 70 "AmP&LDIA(3)... 84% 78 Am P&L pf A st (5). 55% 40'% Am Ra&Std San1 64% 31 Am Republic: 144% 106% Am'Roll Mill 41%% 30 Am Seating (2). 7 24 Am Ship & Com..... 130% 93% Am Sm & Ref (4). 188 130 Am Sm & Ref of (7). 49 43% Am Snuft (3)... 9% 56 Am Steel Fdy (3). 85 65 Am Stores (2). 94% 71% Am Sugar Rfg (5) 60 35% Am Sumatra (3)..ee 3274 17 Am Tel & Ca (5) 310% 193% Am Tel & Tel (9) 205 160 Am Tobacco (8)..... 205 160% Am Tobacco B (8)... 121% 115 ~ Am Tobacco pf (6).. 199 67% Am Water Wka (e1), 104 Am Water W 1st(6). Am Wi Am Woolen pf. Am Writ Paper ¢ 19% Am Zinc Ld&Sm 99 Anaconda Copr (7).. 62% Anaconda W&C (3).. 76% 43 Anchor Cap 12.40).. 150 102% Anchor Cap pf (6%). 68% 44% Andes Copper (3). 49'% 29 Archer-Dan-M (2)... 95 83'5 Armour Del pf (7)... 18% 10% Armour Il (A) 10% 5% Armour Il (B) 86 70% Armour Il pt (7). 40% 19 Arnold Constable 30 19% Artloom (2). 30% 26% Art Metal (1%). 58% 46% Asso ApplInd (4). 70% 43 AssoDry G (2%). 298% 195% Atch T&S Fe (10).. 104% 99 Atch T&SF pf (6)... 209% 169 Atl Coast Line (110 3214 AtlG& W Ind) 627 46% At1G& W L pf (4).. 77% 5313 Atl Reiming (12)..00 140 90 Atlas Powder (4). 514 221 Auburn Auto (34)... 11% 5% Austin Nichols. 42% 32 Austin Nicholspf... 65 51t Austrian Cred (4.49) 35'% 22's Autosales... 20 124 Aviation Cor 66% 57 Baldwin Loco (new). 145% 115% Baltimore & Ohio (7) 90% 64ls Bang & Aroos (3%). 49% 33% Barnsdall (12%) 32% 20 BeaconOll.... . 127% 93% Beatrice Cream (4).. 101 73 Beech-Nut Pack (3).. 17% 9 Belding-Heminway.. 847 80 Belg Nat Rys pf 5.49 104% 70% Bendix Aviation (2). 123': 75% Best&Co(3)....... 140% 82% Bethlehem Steel (6). 128 116% Bethlehem St pf (7). 617 42 Bloomingdale Bros. 136% 110% Bohn Alumn&B (15) Botany Con M (A).. 100'y 834 Borden Co (3). s 867 65% Borg Warner (4).... 63'%x 25 Briggs Mfg. . 43's 35% Briggs&Stratton(2). 138! 115'% Bristol Myers(t4%). 674 2% British Empire Steel 73% 33% Brockway M T (3)... 817% £7'% Bklyn-Manhat (4)... 2481 170 Bklyn Unfon Gas (5) 511% 38% Brown Shoe (2%)... 55% 35% Bruns-Balk-Col( 44 14% BrunsTer & Ry S. 25% Bucyrus Erle (1).... 381 Bucyrusevpf (23%4). 42 Bullard Co (12). . 22% Burns Bros B, - 94% 62% Burr Add Ma (1.80). 8% 53% Bush Term (§2)..... 9% 3% Butte Copper & Zinc. 41 28 Butterick Co.... 1927% 120% Byers (A M). 84% 172% Calit Packing (¢ 4 1% Callahan Zinc & L. .. 136% 128 Calurhet & Ariz (10). 61% 36% Calumet & Hecla(4). - 49% 40%a Campbell Wyant (2). 98% 178 Canada Dry G A (5). 265% 218 Canadian Pac (10).. 48% 35 Cannon Mills (2.80). 467 208 Case (J 1) (6). 5 42% 16 Cavanagh-Dobbs.... 9% 62 Celotex (3).. 93% 85 Celotex pf 7). 48% 30 Cent Aguirre As13. 59 40% Cent Alloy Steel (2). 360 305 Cent RRof NJ (112) 120 88% Cerro de Pasco (6) 32 16 Certain-teed Prod. 80% 70% Checker Cab Mfg Co. 279% 195 Ches & Oh1o (10).... 92 78% Chesapeake Corp (3) 4% Chl & Alton. 6% Chi& Alton pf. 12% Chi Great Western. . 38 Chi Great Westn pf. 27% Chi M1l St P&Pac... 46% Chi Mil St P&Pac pf. 80% Chi&N W (4 28% Chi Pneu Tool....... 61% 48% Chi Pneu T pf (3%4). 143% 115 Chi R1& Pac (7). 102% 98% ChiR1& Pacpf 108% 105% Chi R 1 & Pac pf (7) 35 Chickasha COIll (3). 44% Childs Co City Ice & F (3.60 City Stores (1)...... 72% 41 Cluett Peabody (5). 154% 120% Coca-Cola (4).. 50 46% CocaCola A (3)..... 35 Collins & Alkman. .. 88 Collins & Alk pf (T). 656 Colo Fuel & lron.... 140 53% Col Gas & El (2) . 109 103% ColGas& E1 pf A 6). 95 86 Col Gas & EI pf B (6) 130 88 Col Gas&E rcts ptpd. 88% b5% Columb Graph(87c). 70% 60 Col Graph rcts(87¢). 299 121% Columb Carbon t4% 62% 43 Com Credit 2). 51% 46% Comm Credit A (3 212% 131%a Coml Inv Trust 69% 27% Com Inv Trst 99 91 Com Inv Trpfc6%). 700 225% Com Solvents (h8).. 93 59% Conde Nast Pub (2). 3b% 92% 1% 96% 26% 30% 188% 100% 6% 23% 1% 90 16% 100 62% 54 Contl Bank NY 60 Contl Can (3%) 110% 28% 12 Contl Motors (80¢c).. [ - 3 ” - DA A SO AN S @ - o = —a oA e T o - TP PSR P SI LE TS 79 Contl Insurance (2). - THE EVENING I TRANSACTIONS For Complete Compliation of Sales See Bales— Add 00. High. 3% Stock and Cudahy Packing Curtis Pub (163)... Curtts Publish pf(7) Curtiss Wright Corp Curt Wright Corp A. Cuyamel Fruit Davison Chem. Debenhams (a1.69).. Delaware & Hud (9). Del Lack & W.(17) Dome Mines (1). Dominion Strs(1.. Drug Corpn (4) Duluth S & At] Duluth S S & Atl pf.. Du Pont da N(t4%). Dipant 4 N deb (6).. Durham Hoslery. FEastern Rolling M Eastman Kodak(18 Eaton Axle & 8 (3) Eftingon-Sch (2% ) Eitingon pf (6%) Flee Stor Rat (5) Elk Horn Coal. . Eng Pub Sve pf (5).. Fng Pub Sve bf(5%) Eauitable Bldg(2%) Frle R IR 24 pf (4)... Eureka Vac Cl (4 Fairbanks Morse (3) Fash Pk Asso(k2%). Fed Lt & Tre (21%). Fed Motor Tr (80c).. Fed Water ServA... FId Phen F Ins (2).. Filene’s Sons. . First Nat Stores 1%. Fisk Rubber. . Follansbee (12%)... Foster Wheeler (1).. Fost Wheeler pf (7). Foundation Co, Freennrt-Tex Gabriel Snub A Gamewell Co (5) Gardner Motor...... Gen Am Tnk Car(34) Gen Asphalt. .. Gen Cable Gen Cable A (4). Gen Cigar (4). Gen Electric (6 Gen Elec spec (60c Gen'l Food Corpn (3) Gen Gas&F1 A (e1%) Gen Mills (13% Gen Motors (13.30).. Gen Motors pf (7)... Gen Outd Ad vte (2). Gen Public Serv (bl Gen Ry Signal (5)... Gen Refrac (14).... Gillette Safety R (5) Gimbel Brothers. . Gimbel Bros of (7).. Glidden Co (m2) Gobel (Adolf). Gold Dust (2%)..... Gold Dust pf (6 Goodrich B F ( Goodyear Tire (5). Goodyear 18t pf (7). Gotham Silk H (2%) Gould Coupler. . ham-Palg by Copper (8) d Stores (1) Grand Unfon. . . Grand Unlon pf (3).. Granite City 8tl (3). Grant WT(1). Grt North pf (5).... Grt North pfet (5).. Grt Nor Ore (a1%).. Grt West Sux (2.30). Greene Can Cop (8). Grisgby Grunow Go. Hahn Dept Store Hahn Dept S pf(6%) Hartman A (2).. Hartman B (1.20). Hawalian Pine (2)... Hayes Body b8 % stk Holland Furn Houd Hersh B (1%). Househld Fin pf 3.10 Household Prd (t4). Houston Ol.... Howe Sound (143). Hudson & Man (2%). Hudson Motor (5)... Hupp Motor (£2).... - INlinots Central (7).. Intercontinental Rub Intl Agricultural.... Intl Business M (5). Intl Cement (4)...c. Intl Comb Eng (2) Intl Cmb Eng pf (7). Intl Harvester (2%4) Intl Harv pf (7). Int Hydro El A ( Intl Match pf (3.20) Int Mer Marine etfi Int Nickel of Can(1). Intl er pf (7).. Intl Pap & P A(2.40). Intl Pap & Pwr B.... Intl Pap & PwrC.... _ Intl Pap & Pwr pf(7) Intl Print Ink (2%).. Int Shoe (2%)...... Int Tel & Teleg (2).. Inter Dept 8t (2).... Intertype (£113%). Equity k Coal(4) Jewel Tea (3)....... Johns-Manville (3).. Jordan Motor Car. Kan City Sou (5).... Kan City Sou pf (4). Kennecott (5). Kimberly Clrk(3%). Kinnéy G'R (1). Kolster Radio. Krafe PhCh (1%4) 85(1.60).... Kreuger & Tol(1.34). Kroger Gr&Bak(c1). 325 231% Laclede Gas (10! 26 127% 10 19 y Coal 34% Leh Val Coal pf «3) Lehigh Valley (3%). Lehn & Fink (3) Libbey Owens (1)... Liggett & My B (16). Liggett & My pf (7). 138 .Louts & Nash (7).... Bales— Dividend Rate. = Add 00. High. Low. Close. Close. . 1% 81 31! 81% 3! % 110 0 74 3 124% 118% 58% 56% 34 34 1 59 59 2 49% 49 1 63 63 60 193% 185% 6 4h 4% 4 95% 93% 2 67w 33 17 65% 60% 3 143% 142% STAR, WASHINGTON. D. C. Prev. % 81 13 51 27 1% 4% 7% | creases and decreases in various continent fields held the total decrease | 44 63% 65% 142% 143 1 = Prev. 1939~ Stock ana Dividend Rate. 6% Ludlum Steel -n.... 1 46 Mac A & Forb(12.85) 104% McCall Corp (4). X, 82 McKeesport TP (4). 59 n & Rob (3) 63 Rbpf(3%). McLellan Strs (20¢). Mack Trucks (¢ Macv(RH)&Co(etl) Madison Sq G (1%). Magma Copper Man Elec Supply . Man Elev mod (d5), . High. Low. 108% Marlin Rock (13%).. Marmon Motor (¢) Mathieson Alk (e3) Mid-Contii Midd! ta Middle St Miller Rubber. . . Minne&Honey 11 % Mo Kan & Tex pf(7). Missouri Pacifle. Mohawk Carpet 12% Mont Ward (2%) Moon Motor: Mullins Mfg...... Murrav Corp (a3). 40 Myer(FE)& Bre (3). 100 Nash Motors (§ Nat Acme (1%) Nat) Air Trans. . Natl Bella Hes Nat Biscuit (17%) Natl Biscuit pf (7). atl Cash Reg A (14) Natl Pwr& Lt (1),., Natl Radiator pf. % Natl Rys Mex 2d pf.. Nevada Copper (3) Newport Co A (3), Newton Steel (3) N Y Alr Brake (3. N Y Central L Chi & St L pf(8) Dock. . eore NH & Hart (5) NH&HDpf (7).. Norfolk&Wstn(+10), North Am(b10%stk) North Am pf (3).... North Am Ed of (6). Nor Ger Lloyd(3.41). Northern Fac (5) North Pacct (5). ok e ~HonrelRrule~blu~xbanne Ofl Well Supply. Oliver Farm Equip. Olivr Fr Eq pf A(6). Olivr Fr Ep ev pt(3). Omnibus Corp..... Oppenheim Col (5) Otis Elevator (8) Otis Steel....... Otis Steel pr pf (7) —P Pacific Gas & E (2) Pacific Lighting (3). Pacific Ofl stub Packard Motor Pan-Am Petroleum. . Pan-Am Pete B. . Panhandle P& R Paramount-F-L (3). Park & Tilford (32). Park Utah. nt. . Pere Marquette (18). Pet Milk (1% Philip Morris (1) Phillips-Jones (3)... Phillips Pete (13%) Plerce-Arrow A. Plerce Arrow pf Pierce Ofl Plerce Oi1 74 Plerce Petrol ey Pilisbury F1 (12%).. Pirelli Co A (288)... Pittsburgh Coal. Pittsburgh Coal pf Pittsbgh Screw 1.40. Pitts & W Va (8).... Poor & Co (12) . P Rican Am To (B).. Postal Tel & C pf(7). Prairie O & G (2%).. Prairie Pips L 143%.. Pressed Steel Car. Pub Sve E&G p2(6).. Pullman Corp (4). Punta Alegre Sugar, Pure Ofl (1%). 12 26 Purity Bakeries (4). 127 136% Radio Corp. Radio pt B (5). Radio-Keith-Orpl Rallway & Exp (2).. Raybestos Manhatn. Reading (4)..... Real Silk (5). . Reis (R)&Co 18t(7). Remington-Rand. ... Reming-Rnd 1st (7). Reming-Rnd 24 (8).. Reo Motors (11.60).. Rep Iron & Stl (¢ Rep Ir & St1 pf (7) Reynolds Spring. Reynolds Tb B( Richfleld Oil (2)..... Rio Grande Of] (k2). Rosaia Ins (2.20).... Royal Dutch (ai 58% Safeway Stores (3). St Joseph Lead (13). St L-San Fran (8)... St L-San Fran pt () St L Southwestern. Savage Arms (2) Schulte Retall 8 Seaboard Air Line... Seaboard Air Line pf Seagrave (e1.20).... Sears Roebck (312%4). Second Nat Inv Corp. Seneca Copper. Servel Inc. Sharon Steel H (2).. Sharp & Do pf (3%). Shattuck (F.G) (1).. Shell Union (1.40)... Simmons Co (3). Sales— Prev. Add 00. High. Low. Close. Close. 3 91% 93 16 178% 65 177% TUESDAY, OCTOBER 1, 1929. —Prev. 1979~ 94% | 40% 18% Simms 100 48 68 8 46% 33 54 Stock and Sales— High Low. Dividend Rate. Add 00, Hig! FINANC ON THE NEW YORK STOCK EXCHANGE Prev | Pet (1.60)... 301 30% 31% SinclairOfl (12%) 1 34% 32% g;fllly Ofl (2). 40% 51j 8% 5 45 So Porto R Sug t2%. 16 94% - Southern Cal E4 (2). 17 223% Southern Dairfes B.. 2 17% Southern Pacific (6). 9 66% Southern Rwy (8)... 25% | 99 Southern Ry pf(5).. 45% I Spalding (AG) (2).. 13 Spang-Chalfant. . 2214 | 173 Sparks Sterlin, Sterlin, Stewar! Timkn Tob Pri ‘Transc Truscor United Utd Cor Utd Co: 7td Ga Utd Ga Utd Paj U S Rul Univ L Unlv P! Virgin| White White Woolw Worth Yale & Yellow Young 4 Young Zenith Case (J Consol 10:30 A.M., laration. 4% in stock. & Paid this year—no 2614 | 19 8t0ck;., TR, 175 "iPlus 8% in stock. 26% 176 Vadsco Sale: . Vadsco Sales pf (7). Van Raalte. ... Vanadium (4)..... Vick Chemical(2%). Virginfa-Car Chem Wrigley Wm (6).... First Nat St Hayes Body No Am Co. Pa¢ G&E (A). Oct 21 Pac G&E (P) .Oct 21 Shattuck(FG)rights. 64 3% UnCarb&C . 3% Sales of Stocks on New York Exchange. sUnit of trading lass than 100 shares. §Plus § Withington. Spencer Kelg(1.60).. Spicer Mfg..... Spicer Mfg pf (3)... Splegel-Mav-St (3), Stand Brands (13%) Std Brands pf(7) Stand Com Tob Stand Gas & El (3% Stand G & E pf (4).. Stand Ol Calif (t3). 87 Stand OII N J ($2)... 139 Stand O/IN Y (1.80). 76 Stand Plate Gl 1 ® Sec A) Sterling Sec pf +1.2i g Sec ev pf(3) t Warn(j3ig). Stone & Webster. 4 Studebaker (15). Submarine Boat. Sun Oil (g1) % Superior Of1 Superior Ste Sweets of Ami 2 Symington. .. Symington A. Telautograph (1)... Tenn Cop & Ch (1).. ‘Texas & Pac (5) Texas Corp (3)... Tex Gulf Sul (4) ... Texas P C & Ol (b5) Texas Pac Land Tr Tide Water Asso. Tide Wat Asso pf ‘Tide Water O11(80¢). ‘Tide Water OI1 pf(5) Det Axle t! o ‘Timken Roller (3)... Tobacco Prod 1.40 Tob Prod etfs 1. Tobacco Pr A (1.40). od ctfs A 1.40. ontinental Trico Prod (2% ). ‘Truax Traer (160) n Steel(£1.0) TwinCity Rp T (4). Underw-Ei-Fish(4). Union Bag & Paper.. Unfon Pacific (10)... Union Pacific pf (4). Utd Afrcraft&Tral Utd Biscult (1.60)... Carbon. 17t4 Cigar Stores(1). Utd Cgr ctfs pf (6).. Utd Cgr Stor ctfs(1) rporation D Df (3) Utd Electric Coal Utd Fruft (c4). ... s & Im (1) 8 & Im pf(5). perboard. U S Distributing. U S & Foreign Secur. U S Hoffman (4). U 8 Frejght (3) US Ind Alco (6). 7S Leather.. 1R lLeather A i4)... U S Leather pr pf(7) U S Pipe & Fdry (2). UK Realty (5). bber. . U S Steel pf (7 U S Tobacco (4) eaf Tob (3). ipe & Rad.... 13 Utll Pwr & Lt A*(62) 54 -Car 6% pf. Virginfa-Car pf (7) Wabash. Wabash pf S Waldorf Systm (1% Walworth (1.20).... Ward Baking B..... Ward Baking pf (7). Warners Bros P 13% Warner-Quinian (2). Warren Bros (15)... Warren Fdry & Pipe Webster-Eisenlohr. . Western Md 2d pf. Western Pacific. . Westngh Alr Brk(2) Westngh EI&M (4).. Weston El Instru. Weston El1 A (2). Westvaco Chlor (2). Wextark Radio (c2). Eagle 01 12). Motor (1). White Sewing Mach. White Sw Mch pf(4) Wilcox Oil & Gas. Wilcox Rich(A)2% Wilcox Rich B (c2). Willys-Over (c1.20). Willys-Over of (7) Wilson & Co. . Wilson & Co A. Wilson & Co pf. orth (2.40) Worthington Pump. Pump B (6).. 1 7 3 82% 41 28 3 56 1125 Radlo (2).... 16 Towne (4) Truck & C. Spring (3) Sheet & T (5) RIGHTS EXPIRE Am Com Ale..Oct' * 2 Beth Steel Oct 21 322 1 Nov 18 1 G «.Oct 111000 Ot T 5 Oct 7 32 Nov 15 .Oct21 28 12:00 Noon . 1,951,680 « 3,648,000 e th e snnual 461,100 20! "Divides a5 given in' the above t cash payments based on the latest quarterly Or half yoarly tParity extra. 1Plus 3 in preferred stock Pl -4 regular rate. b Pagable in stock. ¢ Plis Ry al le when earned. en carned, 'P"“ui In cash ‘orstock 2% In stock. K'Plus’ 3% 10" stock. FURfHER DECLINE IN OIL * OUTPUT IS REPORTED By the Associated Press. TULSA, Okla, October 1.—Further decline in the Nation’s petroleum out- put was reported today by the Oil and Gas Journal, which estimated total daily average produtcion for the week ended September 28 at 2,901,662 bar- rels, a decrease of 16,108 barrels, as compared with the previous week. Oklahoma production fell off 10,555 barrels. The prolific Oklahoma City Pool produced only 915 barrels daily in the clinch of a total shut-in for con- servation. Seminole Field dropped a proximately 6,000 barrels. The north- ern miscellaneous 3,000 barrels. Kan- sas lost 1,000 barrels. Alternate il;— ‘mid- in that area to approximately 13,000 " Coast and Southwest Texas Gulf heavy ofl went u ximately B e A Hante e Boriaty deep-drilling area swept downward. A total of 17,000 barrels to form the basis for the 9,000 barrels California de- crease. ——e. RAIL ORDER PLACED. NEW YORK, October 1 ‘(#).—The Atchison, Topeka & Santa Fe Railroad has placed orders for 97,500 tons of rails, chiefly for 1930 delivery. The Colorado Fuel & Iron Co. will furnish 175,000 tons. Orders for 6,250 tons were placed with both the Illinois and the Inland Steel Cos. CHICAGO DAIRY MARKET. CHICAGO, October 1 (P).—Butter easy; receipts, 14,568 tubs; creamery, 15; standards, 433; extra firsts, 4212 to 43%; firsts, 40 to 41l5; sec- onds, 38 to 3! to 37%; SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) Bid. ‘Offer. 1 i 252! FSE Delaware & Hudson Edison EL 1I. Boston 4 Gen. Motors Accep Cor. Gener: Goodyear T. Grand_Trun Gulf Oll of Penn 58 1 Thiernational Maten G o Oregon Short Line 4s St FE FF e eE B 2!3888;;383 sgesceSeteste rongaes! g FF Pure Oil Col Shell Un| Sinclair Crude Of Stand ofi of 3 receipts, | 8t ;s graced 8t ot) tober 1 IAL.. STOCKS DEPRESSED IN FRESH SELLING Market Continues Reaction- ary as Traders Resume Bearish Tactics. By the Associated Press, NEW YORK, October 1.—The stock market once more turned emphatically reactionary during the forenoon today. Traders were again highly nervous, and bear attacks touched off stop loss or- ders in large volume, many issues tumbling from 5 to nearly 20 points. Utilitles were hard hit. American & Foreign Power, American Water Works and Standard Gas & Electric lost about 7 to 8 points. International Tele- phone, - American Telephone, Mont- gomery Ward, Alliled Chemical, A. M. Byers, United Carbon and Marmon Motors lost 5 to 7 points. United States Steel sagged to a new low for the move- ment at 220. Auburn Auto tumbled 1813, - Call money renewed unchanged at 9 per cent. Selling Pressure Renewed. Selling pressure was renewed at the opening and prices moved irregularly lower. Commercial Solvents dropped 3'2 points, Allied Chemical 2, and 8t. Louis Southwestern, American & Foreign Power, International Combustion and Purity Baking 1 to 13. Simmons Co. advanced 21, points, Pacific Lighting 3 and Atchison 1. ‘The market continued in a highly nervous state in the early trading, rallies and reactions following each other in quick succession. While the falling off in the volume of trading yesterday was hailed by many traders as an indication that the selling was drying up, others continued to hold to the theory that the decline would not culminate until Wall Street had experienced a 7,000,000-share day of declining prices. Renewal of selling pressure against International Combustion, based on un- confirmed rumors of new financing, car- ried that stock down 5'; points to a new low for the year at 49';. United Car- bon, which was a strong feature yester- day, broke 6 points. American Telephone, American Roll- ing Mille, Houston Oil, Eastman Kodak, A. M. Byers, Railway & Express and Union Pacific dipped 3 to 5 points in the early outburst of selling, and more :hnn a score others yielded a point or wo. Operations for the advance were re- sumed in a few specialties showing large current earnings, and in several of the standard industrials and rails which are believed to be oversold. Burroughs Adding Machine advanced a point to a new high record at 947,. Early gains of a point or so also were recorded by United States Steel com- mon, Radio, Pullman, General American &ank, Westinghouse Electric and R..H. acy. 5 Foreign exchanges opened firm, with sterling cables crossing $4.86 to a new high level for the year. London dis- patches reported the further withdrawal of 1,000,000 pounds in gold for shipment to France, but the Bank of England bought 650,000 pounds of South African gold in the open market. Dornier to Fly to U. 8. FRIEDRICHSHAFEN, Germany, Oc- () —The Dornier _Airplane | Works announced today the new huge 12-motored Dornier Dox. seaplane re- cently constructed by the company would attempt a flight to Amorica in Midjanuary, 1930. The route of the | flight_project has not been fixed, but it was believed it would be across the South Atlantic to South America and thence to the United States. GERMAN BONDS AND STOCKS.' Special Dispatch to The Star. 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