Evening Star Newspaper, October 11, 1929, Page 14

FINANCIAL. FARLY STOCK GANS WELL MAINTAINED Copper Statistics and Loan Figures Cause Many Rapid Advances. THE EVENING STAR, WASHINGTON. D. C., FRIDAY, OCTOBER 11, 1929. Stock and Sales— Prev. | —1920-— Stock and Dividend Rate. Cutler-Ham (3% ). Sales— —1929—— Stock and Sales— Prev. Add 00. High. Low. Close. Close. | High. Low. . Dividend Rate. Add 00. High. High. Low. Dividend Rate. Add 00. High. Low. Close. Close. l 115% 115% 115% 115% 43% 25'% Minn Moline Pwr. 7 26% 93% 53% Southern Cal Ed (2). 85 84 Bd's 84 Cuyamel Fruit. 117% 114% 117% 113% | 102 85 2 5 5 15% 5 Southern Dairies B. - * B4 Davison Chem 55 53% 3 3% 2 E D 157% 124 Southern Pacific il) & 142% Debenhams 31% B0% 61% 35 162% 138 Southern Rwy (8) 152 Delaware & Hud l9). 203'4 199% 9 65% 42% 2! Spang-Chalfant. . 2 22“1 Del'Lack & W (t7). 2 1627 107% 101% Sparks Withngtn(1). Denv& R G W pf. 1 101% 625 Missourt Plrlflc. cees Spencer Kelg(160).. Detroit Edison (Il. 1477% 120 Missouri Pac pf ll). Splcer Mfg. . . % Dome Mines (1 80% 60 Mohawk Carpet 2% Spicer Mfg pf (3)... Dominion Stl‘!(l 20) 347 33 5 77 76 Monsanto Chem Wks Splezel-May-St (3).. Drug Corpn 4) E 155m 99 Mont Ward (2%)... Stand Brands (1%). Moon Motor: 4 llk!‘; Ilb Std Brands pf(7 Morrell J ¢ ) 43% 8 Stand Com Tob (1).. 95 " Mother Lode (40e). . 3% 80% Stand Gas & EI (3%) 4 116% Motion Picture. s 67 Stand G & E pf (4).. W e 3 Motor Meter G & ., Stand Inv Corp (b6). 4 ¥ Motor Products (17). Stand Oil Calif (13). 4 Motor Wheel (4). Stand O N J (12)... Mullins Mfg Stand Ol N Y (1.60). Munsingwear (1314) Sterling Sec A)..... Murraay Corp (k3) rling'Sec cv pf(3) Myer(FE)& Bro (2). erling Sec pf(1.20) Stewart Warn(J3%). M"k':;'.",’,';;‘, b Stone & Webster. ... 2514 Natl Bella Hess(11). Studebaker (35) 236% 16613 Nat Biscult (17%).. Sun Of1 (1) Natl Biscuit pf (7).. Superior Oi1 Natl Cash Reg A (14) EavetioHRion Natl Dairy(c1%).... Symington. . 4 Natl Dept Stores. ... Symington A. Natl Distillers Telautograph 11.05. NatlEnameling ‘Tenn Cop & Ch (1).. Natl Lead (5). Texas Corp (3). Natl Pwr & Lt Tex Gulf Sul (4).... 1 Radiator. . Texas & Pac (5)..... atl Ry Mex 1st p Texas P C & Oil (b6) At ByeRier Sxod & Texas Pac Land Tr. several of the leaders’ yielded rather 144 111% Natl Supply (18). ‘Thatcher M{g. Y .l‘RSil)' but snapped back again as soon 155 101 1 Surety (6). The Fair (2.40). 38 38 | a5 pressure was lifted. An assortment 21% 60 atl Tea (1%). Thompson J R (3.60) 1 2 2 of “specialties dropped 3 to 11 points L By s e Tide Water Asso. ... below last night's final quotations. 627 89% Nevada Copper (3).. Tide Wat Asso pf(6) Call ney at 6 per cent and dro| d 103 43 Tide Water Ofl pf(5) g e Al g e 4 7 P to 5 for the third consecutive day. . Ttmkn Det Axle 1300 Time money also was noticeable 49% 41% Timken Roller (3).. i te it 8 to 8% T 256% 178 Tobacco Prod 1.40 hnkr, ey e B B 192% 128t oD Bt atte Lo, cent. No change was announced in 1091 100 Tobacco Br A (4 +|the " Chicago Federal Reserve Bank 1261 807 Tob Prod ctfs A 1.40. b "% 5 In an apparent effort to force a 15 e A ety further reduction in brokers' loans, Truax Traer (1.60) some of the large commission houses e are reported to have further increased margin requirements, which already are the highest in recent historys Failure of many traders to heed recent sug- gestions to lighten committments on the current rally is believed to have prompted this action. Several Wild Advances. Auburn Auto ran up 29 points. Otis Elevator, the Ameican Tobacco issues and Foster-Wheeler preferred advanced 10 to 20 points to new highs. Other stocks to attain new peak prices were Utd Corporation. ... United States Industrial Alcohol, West- Utd Corp pt (3) ern Union, Air Reduction and Anchor Utd Electric Coal (3) 305 Cap. Johns Manville, General Electric, Utd Fruit (c4). 1 Norfolk & Western, Union Pacific, Lack- Utd Gas & Im (1 awanna, American Water Works, Co- Utd Gas & Im pt( lumbia Gas and Upited Pruit sold 5 U S Distributing. to 9 points higher, and Radio ran up U S Distrib pf (7) more than 4 in henvy trading. : JEWEL TEA SALES UP. NEW YORK, October 11 (#).—Sales of the Jewel Tea Co. for the eight weeks ending September 7 totaled $2,345458, as compared with $2,271.793 f? the cor- responding period last Dunhill Inter (34).. Duplan Silk (1) Du Ponfde Nit434). Dupont d N deb (6).. ast toll Mill (1%). 3 iastman Kodak(18). 242 Katon Axle &S (3).. 3 Eitingon-Sch (2%).. Elec Auto Li: Electric Boa BY STANLEY W. PRENOSIL, Associated Press Financial Editor. NEW YORK, October 11 (#).—Easier credit conditions and the publication of bullish copper statistics stimulated the further recovery of prices to ‘oday's stock market. Wall Strees also was in- clined to take an optimistic view of the decline of $91,000,000 in Federal Re- serve brokers’ loans, although the drop was much smaller than generally ex- cted. pcwnue buying orders were distributed over a fairly broad list, with gains in the active issues ranging from 1 to 12 - points, chief bullish demonstrations centered in a select list of specialties, in which favorable developments are be- lieved to be pending. Call Money 5 Per Cent. A wave of selling swept over the market around midday, and prices of > 4 Endicott-John (5). Eng Pub Serv (11).. 6 Eng Pub Sve pf (5).. 146 140 " Eng Pub Sve uf (5% ) 8% 96 Equitable Bldg (2% ) Erte R R... . Erfe R R 1st rie R R 2d pf (4). Svans Auto L(32%). Fairbanks Morse (3) Fash Pk Assok23). Fed Lt & Tre (31%). Fed M &S pf (T).... [Fed Motor Tr (80c).. Fed Watr Ser A 2.40. Fid Phen F Ins (2). . First Nat Stores 1% Fisk Rubher. . Foster Wheeler Fost Wheeler pf (7 Foundation Co. Fox Film A (4) % Freeport-Texa: . Faller pr pf (18.68) Gamewell Co (5). Gardner Motor. Gen Am Tnk Car($4) Gen Asphfit:.... 4 Gen Cable. Gen Cable A 14)~o Gen Cigar (4).... Gen Electric (16) Gen Elec spec (60 Gen'l Food Corpn (3) Gen Gas&El A (e1%) Gen Mills (133%). Gen Mills pt (6)... Gen Motors (13.30) Gen Motors pf (7). Gen Motors deb (6).. Gan Qutd Adv A (4). QU Sta] pi- Gen Outd Ad vtc (2). 3 Owens 111 Glass (4) Gen Public Serv(b§) 2 98% 53% Pacific Gas& B (2).. Gen Ry Signal (5). 1461 70 Pacific Lighting (3).. Gen Refrac (t4).... : 2 1% 1 Pacific Ofl stubs Gillette Safety R (6) 3215 251 Gimbet Brothers. ... 691 40% Glidden Co (m2)..... Gobel (Adolf)... Gold Dust (234) Goodrich BF (4 Goodrich pf (7) Goodyear Tire 5 SanBoxearmpante ac Newton Steel (3).... N FINANCIAL. { ‘ ! For Complete Compilation of Sales See 5:30 Edition. \ —1920-— Stock and Pre l . . H Low. Dividend Rate. Ald M High, . 4 3814 Abitibi Power & Pap 11 54 b B L | —_— 27% Adams Miliis (2).... 2 304 8 . . e 5 5 Advance Ruimley.... 1 24 24 24 * Recent Prices Maintained inj 119 32 Aavance Rumiey p¢. 1 341 3416 34% 34 1 { . Q;'« Ahumada Lead LN N l}l'd B , : Y Air Reduotn (1434).. 53 221 217% . ' Today’s Trading—Other 34% AlrWalEl Ap(2%). 8 36 g Fi ial Not 2% Alax Rubber........ 14 3u 3 3% % Alaska Juneau...... 12 8 inancial Notes. *12° Albany-P W Paper 3 14% 14w 14% 14% A | 561 27% Alleghany Corp..... 161 4312 474 4715 48 3 3 5 118% 99% Alleg Corp pf (5%). 5 111t 11115 111 111 BY EDWARD €. STONE. 118% 100% Alleg Cpfrets(big). 1 111G 111% 111% 112 o Washing- | - 86% ‘804 Alleg C pf (5% )xw 1 864 85 6 The week's trading on, the Washing- | " g0 go'* 2008 OPE (S MIXm.. 1 ton Stock Exchange ended today WIth| a5es, 241« Allled Ch & Duo 16y, particularly ively trading in bonds. r.’.::h 130K :IIIIIIM(;.:!DM (LY 3 3 " 75 8 s Chalm (n) (2)., Washington Gas 6, series A and seriefy - {01 Pt e B, Potomac Elec- VoA s Amerada Corp (2). | tric consolidated 5s, 23% 844 Am Agricul Chem. ‘Washington Rail- 157 110 . Am Bank Note (13).. way & Electric 4s P 2015 13 Am Beet Sugar. . Washington Gas 5 76% 40% Am Bosch Magneto. and Capital Trac- 62 45 Am Brake Shoe 2.40. tion 5s figured in 34% 14 Am Brown Bov Elec. 5 many different 18415 107% Am Can (14). 150 1813 sales during the 106's 91% Am Car & Fdy (6). session, Prices vere 70% Am Chain pf (7). around recent 81% 46% Am Chicle (2).. Jevels and the la : 55 41 Am Com Ale (ki.60). est _turnover Wi v 47% 23% Am Encaust Til (2). in Ratlway & 981y 761 Am European Sec Electric 4s. which 199 754 Am & For Power.... 2 1198y changed hands at i 10814 104 © Am & For Pw pf (1). s 105% 106 81 $8 Am & For Pw 2d pf, 96 Wo99% 98 In the stock 24% Am Hawailan (1) division Capital i 6 Am Hide & Leath, Traction opened F. S. Wynn. 30% Am Hide & Lea pf... with nine shares | 85 63 Am Home Prd (3.60) selling at 8473 and closed with five 38 American Ice (3). 2 shares selling at 85. Riggs National 52% Am Internat (12) By moved at 610, and American Security 4 AmLa F& Foamit 2 & Trust at 460. Other issues, which| 136 102% Am Locomotive (8). 5 118 came out on the board, were practically | 1197 112~ Am Locopf (7)..... 1 115 unchanged. 279% 147% Am Mach & Fdy(15). 6 269 The securities in the unlisted depart- | 81% 50 = Am Metal (3). 30 70% ment was called off and very few| 135 113% Am Metal pf (6) 2 1264 changes noted irom last week. 17% 8% Am Piano.... 16 84 84 84 175% 81% Am Pow & Lt (1) 29 145% 1410 141 142% ‘Wynn Again Southern Director. 104 98% AmPow & Ltpf (6). 2 102 101 102 102 NYNH&Hnl‘U).. a2 % NYOnt& West..... 290 191 Norfolk&Wstn(t10). 186% 90% North Am(b10%stk) 3% 99 North Am Ed pf (6).. Nor Ger Lloyd(3.41). Northern V'ac (5) Norwalk Pire & Rb. Oliver Farm Equip. Olivr Fr Ep ev pt(3 Olivr Fr Eq pf A(6) Omnibus Corp. Omnibus pt A Otls Elevator (8 Otis Steel (234).. & E-ET F. S. Wynn of Washington, an offi-| 84% 78 AmP&LpfAst(5). 2 8 &1 ° 82 81 cial of the Southern Railway Co., was n.‘n. 40% Am Ra&Std San 1%. 4% 47% re-elected to the directorate at the an- 30 Am Republics. . 7 413 41% 39% nual meeting held in Richmond a few uv. 106% Am Roll Mill (c2) days ago. Mr. Wynn has been a resi-| 74% 60 Am Safety Raz (16) 0 dent of the National Capital for several| 41% 30 Am Seating (2). years and is widely known in railroad | 130% 9314 Am Sm & Ref (4). circles. He is considered to be unusually | 138 130 Am Sm & Ref pf (7). well informed on all matters pertaining; 49 43% Am Snuff 3)....... to transportation. When his term as| 79% 544 Am Steel Fdy (3). director expired the other day that of | 85 65 Am Stores(2).. three others also terminated, Jonathan | 94% 71'4 Am Sugar Rfg (5). 5 % T6% T : Bryan of Richmond and Adrian Iselin| 111 1024 Am Sugar Rfg pf(7). 35 10214 164 102% and Devereaux Milburn of New York.| 310% 1931 Am Tel & Tel (9). 30014 301% 302 They were also re-clected for three| 211% 160 Am Tobacco (8) 21 210 222 211% years. 212% 160 Am Tobacco B (8) 227 2093 223% 209% 121% 115 Am Tobacco pt (6).. 4 115'% 116% 115 Business Outlook Favorable. 181 1364 Am Type Fdry (8)... 170 170'% 170 The Alexander Hamilton Institute 67'% Am Water Wks (c1). 176% 17614 considers the immediate business out- 4 15 Am Woolen. look in the Middle Atlantic section, 34% Am Woolen pt which includes Washington and Balti- 9 Am Writ Paper ctfa. 3 3% more among some 20 clties, as favorable. 13%4 Am Zinc LA&Sm 7 18% 181 19 Industrial nctivlty is reported as irregu- 99 Anaconda Copr 7 116 116% 118% lar. The analysis adds: 62% Anaconda W&C (3. E 8% 80 79 “The jobbers and wholesalers, as well] 78 43 Anchor Cap (2.40) 9% T6% T8% T6% as the retailers, are experiencing a brisk | 150% 102'% Anchor Cap pf (6%). 1500 150% 150% Fall trade. Buying shows up very well des Copper (3).... i 52 52% with last vear's volume. Employment is Archer-Dan-M (2) 5% 4414 at a satisfactory level. Pay rolls in 9% Armour Il (A). some industries are ahead of the aver- 5% Armour Il (B). age for any week in two years. A steady 70% Armour Il pf (7). demand for men's clothing has kept 40% 19 Arnold Constable. manufacturers busy. In most cases| 30 19% Artloom (2).. 2 orders and shipments are ahead of last| 58% 45% Asso ApplInd (4)... 2 5 T year. The knit-goods producers are| 70% 43 AssoDryG (24).... 3 513 514 working at capacity or near capacity. 881 Asso DG 1st pf(6).., 9 Y Holiday line manufacturers are experi- 90 5 2! Grt North pf et (5). encing a good season. Sales of sifves 28415 286% 787 Grt Nor Ore (a1%). ) and hats are satisfactory. Demand for 102 102 Grt West Sug (z.ltz). 6'6 3% Univ Pipe & Rad. radios, radio equipment and electrical 7 187 187 Grigsby Grunow (2 651 66 Util Pwr & Lt A (e2) egquipment is good.” L S 821 Gulf Mo & North. 42 44y ne Underw-Ei1-Fish (4) Union Bag & Pa Union Pacific (10). Union Pacific pt (4) Union Tank Car(5).. Utd Afrcraft&Trans. Utd Biscult (1.60) United Carbon. Utd Cigar Stores(1). Utd Cgr Stor ctfs(1). Utd Cgr etfs pt (6).. U S & Foreign Secur. S & For Sec pf(6). Park Utah. . Path, Exehln Pathe Exch; Patino Mines fl II) Peerless Motor Car.. Penick & Ford. .. Penn Dixie Cement. . Pennsylvania RR(4) People’s Gas Chi (3). Pere Marquette (18), Pet Milk (1%4). Pnelps Dodg: 1la & Read C& Philip Morris (1). J » s ] S Ind Alco (6). S Leather. . S Pipe & Fdry (2). § Pipe st pt (1.20) s 8 8 s s @ «BeBanarnSanna Pipe 2d pf (1.20) * Realty (5). Rubber......... Rubber 1st pf Smelt Ref (3 Steel (7). U S Steel pt (7 U S Tobacco (4) Univ Leaf Tob ( Grand Union. .. Granite City Stl (3) Grant W T (1).. Grt North pf (5). cacaagaagagca N Bower cn m g series F = Guif Mo & N pf (6. 9t 94 . il Vadsco Sales. ... Financial Advertising Booming. Financial adverlising in standard- sized newspapers in New York has risen approximately 60 per cent since 1925, according to a survey prepared by the statistical department of Rudolph Guen- r-Russell Law, Inc., financial adver- tising agency. The study adds: “There is no more striking way to show the growth of financial advertis- ing and news than to compare financial sections of newspapers 20 years ago and y. m mmple, typical section from a les New ark newspaper in 1909 consist of two pages, with ab- mmw stock tables and a paucity of s, “Any day in 1929, the same section would probably be 16 to 20 pages with complete stock tabfes from all exchanges here and usually from other cities. This has been reflected in leading pers, general magazines and business pllhlifltlflnl throughout the country. ““There is probably no fleld of adver- tising which has progressed so rapidly #s financial advem;m. While general advertising was taking unknown prod- ucts and putting them into every American home, financial advertising ‘was building corporations with unheard- f swiftness, ageing and seasoning their evelopment to legree that would ve requlred many years without ad- tfl.llln‘ Duflnl this period, financial was making possible the the trut security dul.rlbuuon organiza- ions and mnrkeflng phns of the invest- ment banking world. i Heard in Fllulu:hl District. Kenzie W. Walker, chairman of the Atlas Powder (4). Auburn Auto (34) 3514 224 AUtOSAIeS........... 38% Auto-Strop Raz (3), 10% Aviation Corp. Del. .. 66% 65% Baldwin Loco (new). 145% 115% Baltimore & Ohio (7) Balto & Ohio pf (4).. 104% 6214 Bendix Aviation (2). 60% 53 Best & Company.... 140% 82% Beth 128 116% Bethlehem St pf (7). 617% 42% Bloomingdale Bros.. . 136% 104% Bohn Alumn&B (15). 11% 5% Booth Fisheries. 100% &3 Borden Co (3). 86% 55% Borg Warner (4). 145 85 Boston & Maln 634 20% Briggs Mfg. 138% 11564 Bristol Myer: 13% 30% Brockway M T (3) 81% 67% Bklyn-Manhat (4) 92% 179 Bklyn-Man pf (6) 12% 9 Brooklyn & Queent 2481 170 Bklyn Union Gas (5) 55% 85% Bruns-Balk-Col(3).. 44'% 14 BrunsTer & RyS... 42% 25% Bucyrus Erfe (1). 50 38% Bucyruscvpf (2}) 127 94 Burns BrosA (8).. 39 22% Burns Bros B.. 22% 21% Budd (Edw G) Mfg 54% 42 Bullard Co (12).. 967 624 Bur.Add Mach 11.50.. 89% 50 Bush Term (g2)..... 9% 31 Butte Copper & Zinc. board of Standard 'Collateral Shares| 192% 120% Byers (A M) Corporation, Woodward Building, has left on a three weeks' vacation. He will motor to New England and on his re- tum visit New York to confer with ‘:lf !l'nph‘! Trust Co. on matters per- tion. . The auditors’ section of the District ers’ Association held a dinner meeting at the National Press Club last evening, 12 banks being represented by auditors or controllers. Plans for the comlnx year's work were outlined. C. Morgan, one of the managers of lhe G. M. P. Murphy brokerage of- fices here, left the city last night for Quebec to attend the annual convention of the Investment Bankers' Association of America, which opens sessions there tomorrow. He was joined in New York by two members of the firm. The call of the world series was too strong for Raymond G. Marx, auditor of the Riggs National Bank. He has a front-row seat for today's game, and also tomorrow’s. President A. E. Henze of Washington Chapter, A. I. B., and head of the order department at W. B. Hibbs & Co,, is confined to his home with illness. Enrollments in the Fall classes at the American Institute of Banking have reached the new high figure of more than 400. All classes report increases. ‘The new public-speaking course has started off with 26 students. The mem- bers of the woman's committee is now planning for the chapter's Halloween dance, ‘The Washington Stock Exchange will be closed tomorrow, Columbus day, and the local broker offices carrying New York Stock Exchange quotations also will be closed, as all tickers will be silent. Employes Meavy Shareholders. ‘The Pennsylvania Railroad an- nounced today that during the month just past 34,863 employes received cer- tificates of the company’s. capital stock aggregating 150,490 shares and worth at present market prices approximate- 1y _$15,000,000. ‘These certificates covered stock allot- ted to employes by the board of di- rectors in July last year under an aj rangement whereby they were permit- ted to purchase it on a partial payment n, with monthly deductions from r pay roll checks. The stock was offered to employes at par, $50 per share, with the choice of paying for to the business of the corpora- 4T% 31% By-Prod Cok 8474 72% Calif Packing (4 1% Callah; 136% 119% Calumet & Ariz (10). 617 36% Calumet & Hecla(4). 98% 78 Canada Dry GA (5). 15 265% 210 Canadian Pac (10).., 48% 35 Cannon Mills (2.80) 467 290 Case (J 1) (6) 79% 52 Celotex (3). 48% 30 Cent Aguirre As1%. 59 40% Cent Alloy Steel (2) 120 88l Cerro de Pasco (6) az 161 Certain-teed Prod 62% Checker Cab Mfg Co. 279% 195 Ches & Ohlo (10). 92 5% Chesapeake Corp (3) 19% 4% Chi & Alton. 2 6% Chi& Alton pt. 3 112% 2 409 428 405 29 43 11% 56% 132% 8 823, 385 83 28Y% 20 29 43 42 1% 11% 57 b6 133% 135 79 8% 8414 83 33% * 83% 83 85 29 28% 4 124% 125% 1231 4 / 9% g lem Steel (6). 226 12 5l 93 91y 7 61% 2,140 47 24 2 125 9 2201 5 4313 25 Chi& EastIll.. 49 Chi & East 11l pf. 12% Chl1Great Western. . 38 ChiGreat Westn pf. 27% Chi Mil St P&Pa 2 46% Chi Mil St P&Pac pf. 50 80% Chi&NW (4)...c.0 28% Chi Pneu Tool 48% Chi Pneu T pf (!\i).. 115 ChiRI& Pac(7) 98% ChiR1& Pacpf « 34 Chickasha CQil (3) 447% Childs Co (2.40) 5214 Chrysler Corp (3). 49 City lce & F' (3.60).. 14% City Stores (1). 41 120% Coca-C: 35 Collins & Atkman. 56 Colo Fuel & iron. 53% Col Gas & El (2) 42 Columb Graph(87c). 215 48% Col Graph rcts(87e).. 2 121% Columbian Carb(15). 43 Com Credit i2). 45 Comm Credit A (3) 131% Coml Inv Trust (34 225% Com Solvents (h8).. 59% Conde Nast Pub (2).. 19% Congoleum-Nairn. 62} Cong Cigars (16%) 14 Conley Tinfoll sta 59% Consol Cigar (7).. 21 Consol Film (2). 23% Consol Film pf (2) 95% Consol Gas (3 € 96% Consol Gas pt (5). 50 Consol RR Cub pf(6) 2 Consol Textile. 12 Container Corp A 6 Contatner Corp B. 47 Contl Baking A 60 CONm-ORNT e it at the rate of either $5 or $2 per share per month. e POTATO PRICES FIRM. CHICAGO, October 11 (#) (United States Department of Agriculture).— Potatoes—] ipts, 108 cars; on track, . 372 cars; total ’!niud States shipments, 8% Contl Baking B 88 Contl Baking pf (8),. 54 Contl Bank NY 1. 96 SorofSemad Contl Insurance (3). 28% Contl Ofl of Del. 82 Corn Prod (13%), 46% Coty Inc (g2) 1,187 cars; trading fair, market very 1 88 Arm; Wi isconsin, sacked, round whites, 2.40 to 2.75; occasional fancy, shade Minnesota, sacked, round tes, 2.35 to 2.60: Minnesota and 11 Dakota, m sacked, Red River Ohio’s, 250 to th Dakota, sacked, Idaho, sacked, 85 Cructble Steel (5)... 11% Cuba Co . 4 16 Cuban-Amer Sugar. . 67% 48% Cudahy Packing (4). 132 117 Curtis Pub.(16%)... 30% 16'% Curtiss Wright Corp. 37% 27% Curt Wright Corp A, 45 18 31 333% 2 e48% 2 4% 4, 1957% 91 ComInv Trpf(6%). 1 924 23% Comm&Southn Corp, 802 24% 24% 67% 5 60% 23% sl T0% 11% 5 59% Contl Can (2%). 103 87% 20 100%% Contl Motors (80c).. 15 12% 2 1% 8 29% 6614 57% 91, 6619 119% 120% 119% 111 54 89 60 139 30% 40 102 52 111% 113 5% 61 140 30% 30% 40% 40 102 100 31% 31% 31 % 22% 22% 51 9 52 50% 3% h 4 165% 167% 168 44 420 861y 218 290 5414 32% 5T% 44k 44% 671e 67 2621 263 8014 2434 650 60 24% 67 % 60% 24% 19% 8 697% 10% 94 58% 86 983 1% 64 35% B84% . 180 121% 120 83 49% 48 88 7 72% 11 6 106% 1057 106 18 11% 17% 28% 29 80% 6% 55U 49% b3 48% 821 325% 92% 24Y% 650 60 24% 674 60 244 1619 1555 158% lnu. 98 £614 991 117% 34 121% 119 48 49% 88 BT 12 72 106Y% 16 15% 11% 115 1 48% 48 481 4B% 21 130% 129% 130% 130 17% 184 20% 123% 4 Gulf Sta Steel (4) Hahn Dept Store: Hahn Dept S pf(6%) % Hartman A (2). Hartman B (1.20) i Hayes Body b8% stk ‘Hercules P pt (7) Hershey Chocolate. . Hershey Choe pf «4). Hoe (R) & Co. Hsehld Fin pf $3.10 Houston O1l. Howe Sound Hudson & Man (2% )- Hudson Manh pf(5).. Hudson Motor (5) Hupp Motor (£2). Illtnots Central (7).. Independ Oil & G (2) Indian Motor Cyel Indian Refining. Indian Refining Industrial Rayon. Inland Steel (3%) Ingersol Rand (15 Inspiration (4)...... Interboro Rap Tran.. Intercontinental Rub Intl Agricultural.... Intl Business M (5) Intl Cement (4). . Intl Comb Eng (2). Intl Cmb Eng pf (7).. Int] Harvester (2%). Int Hydro El A (e2). Intl Match pf (3.20)., int Mer Marine etfs.. Int Nickel of Can(1). Intl Pap & P A(2.40). Intl Pap & Pwr Intl Print Ink (234)., Intl Rys Cent Am... IntShoe (234)...... Int Tel & Teleg (2). % Inter Dept St (2). Intertype (ft13%) Investors Equity(2). Jewel Tea'(3) Jora: Kan City Sou (5). “« Kaufmann DS (1%). Kayser Julius (4)... Kelly-Spring Tire. Kelsey Hayes (2) Kelvinator Corp Kennecott (5) Kimberly Clrk Kolster Radlo Leh Port Cem (2%) Libbey Owens (1) Loew’s Ina (2). Loft Inc Long Bell Lumb A. Loose- Wiles (2.60) Lorillard (P) Co. Lorillard (P) & Co. n Loutsiana Ofl. . Ludium Stl pf l‘%)- Mac A & Forb(12.85) Rb pf(3%). 4 McLellan S pf A(6).. Mack Trucks (6). Macy (RH)&Co(ct3) Madison Sq G (1%). Magma Copper (5). Mallinson & Co. Mandel Brothers. % Man Elec Supply . Man Elev mod (d5) Man Shirt (3)..... Maracaibo O1l Exp. Market St Ry pr pf. Marlin Rock (13%) 4 Marmon Motor (4. Martin-Parry Mathieson Alk Metro Gold pf (1.89). % Mexican Seaboard... Miami Copper (4). Michigan Steel (13).. Mid-Continent P (2). Midland Sel pf(112). Miller Rubber. .. Minn Honeywll 13%. % % 29% 30% 88% 91k Pillsbury Fl (12%) Pirell1 Co A (2.88). Pittsburgh Coal. . Pittsburgh Coal pt. Pitts & W Va (6). Poor & Co (12). P Rican Am To (A)7T 132% 136% P Rican Am To (B).. 133 13718 Postal Tel & Cpf(7). 2613 Prairie Oil&Gas t2% Prafrie Pipe L t4%.. Pressed Steel Car. . .. Proctor&Gamble(32). Prod & Refiners. . Pub Sve NJ (2.60) Pub Sve NJ pf ¢ Pullman Corp (4) Punta Alegre Sugar. Pure Oll (1%)... Purity Bakeries (4) Radlo Corp. .. Radiopf A (3%). Radio pf B (5). Radio-Kelth-Orph A. Railway & Exp (2).. Richfield O11 (2)... Rio Grande Ofl (k2). Ritter Dental (2%) Rosaia Ins (3.20). Royal Dutch (a3.20), Sateway Stores (3).. 5 St Joseph Lead (13). St L-San Fran (8)... St L-San Fran pt (6) St L Southwester: St L Squthwn pf (5. Shlrgu Steel H (2).. Sharp & Do pf (3%). Shattuck (F3) (1).. Shell Union (1.40). Simmons Co (3) Stmms Pet (1.60).... 45 34 SoPorto R Sug 12%. 4 Virginia-Car pf (7) Wanash. Wabash pf A (5)... Wabash pf B.... Waldorf Systm (1%) Walworth (1.20).... Ward Baking B. Ward Baking pf (7). Warners Bros P t3% 31 Warner-Quinian (2). Warren Bros (15). Warren Fdry & Pipe Wesa Oll & Snow(2). ik fwm B NRBBO s Western Unton (8).. 105 Westngh Afr Brk(2). 27 w stngh E1&M (4 89 wulv-m Chlor (2). Wextark Radio (¢2). White Eagle Oil (2). White Motor (1). ‘Whi Rock Wilcox Rich(A)2%.. Wilcox Rich B (c2).. Willys-Over (c1.20). Willys-Over of (7). Woolworth (2.40) Worthington Pump. Worth Pump A (7). Worth Pump B (6). Wrigley Wm (4). Yale & Towne (4) low Truck & C oung Spring (3) Young Sheet & T (5) Zenith Rado (2).... RIGHTS EXPIRE Allis Chalm ..Oct — 180 Beth Steel Pac G&E (A). Oct 21 22 Pac G&E (P) .Oct 21 14 Shattuck FG .Oct 21 15 UnCarb&C ...Oct 21 310 6% Utd Carbon ..Oct— 109 Sales of Stocks on New York Exchange. 0 A.M... 645,400 12:00 Noon + 1.785,800 :30 P.M.,. .. .00 2,663,400 2:10 P.M. + 3,042,000 Dividend rates as given in lh. cash, Dayments ased on’ the Intest auarierls of BRI Searly”dee: 4%, in stock, §Plus 8 Paid this n—no (l’l ll)i 1 mck 39% a'm:m‘.‘.' 8% |n"n'ocx sUnit of trading lass than 100 sh: 1 extra. 33"Th ‘Drelerrea stock. el 1N o o refular Tate, G Payabie i siock en or cSos 6% o 'woc{ S B’ 05 aeek: COPPER REPORT HELD HIGHLY FAVORABLE Production Declined :Sd Shipments Remained Fairly Constant During September. Special Dispatch to the Star. NEW YORK, October 11.—Copper statistics for September were of a fa- vorable nature, with stocks of refined copper in North and South America ag- gregating 84,751 short tons, a rease of 9,621 tons from previous month, the first reduction since March. Production for the month was 134,343 tons, compared with shipments of 143,- 964. Whereas shipments held fairly constant at the level of the previous month, production declined sharply from 148 64! to 134,343 tons. Part of this decline in refined pro-~ duction is attributed to the strike at a major refinery during the month rather than to a curtailment in output. This is substantiated to some extent by total stocks, including blister copper, on Oc- tober 1, which amounted to 347436 wns,zzbollt -1,500 tons above September 1, 1929: POULTRY MARKET. CHICAGO October 11 _(A).—Poultry i i, recelpts, 5 ca 30; ducks, 10 to 21; geese, 20. ) ook s HIGH WHEAT QUALITY. OflAWA Ontario, October 11 (#).— nuzurnu of statistics an- Wall Street Briefs NEW YORK, October 11.—Stock- holders of Crocker-Wheeler Manufac- turing Co. have approved an increase in the common stock from 40,000 $100 par share to 400,000 no par shares. The action is preliminary to a 10-for-1 split-up, The Atlantic Refining Co. has re- duced the price of gasoline in New Jer- sey and Delaware 1 cent a gallon to meet a similar reduction made by the Standard Oll Co. of New Jersey. Net operating income of the Western Union Telegraph Co. for August totaled EARNINGS INCREASE. Western Maryland Gets Good Start on October Net. | Spectal Dispatch to The Star. BALTIMORE, October 11.—October earnings of the Western Maryland Railway promise to make favorable comparison with those of the corre- sponding month last year, judging by | estimated figures for the first week just issued. Estimated earnings were $410,- 511, an increase of $11,117, or 3 per cent, compared with the same week in 1928. Coal traffic accounted for $3,669 of the gain, receipts from that source amounting to $172,578. Receipts from shipments other than coal amounted to $221,405; a comparative gain of $9,795, $1,396,790, compared with $1,407,486 a year ago Members of the New York Cotton Ex- change have ed an -mendmemv to the by-laws providing for delivery under the new contract at Savannah. Deliveries now may be made at Nar-\ folk, Charleston, Savannah, Galveston, Houston or New Orleans, in addition to New York. | Production of the Skelly Oil Co. dur- ing September averaged approximately 30,000 barrels of crude oil daily, com- |pared with 22272 in the previous quarter and about 23,000 in the third quarter of 1928. Paramount Famous Lasky Corpora- tion reported for its third quarter this year a consolidated net fm t of $4.- e e s -lupse;xcnefit r Motor Industries, _Inc., naunced it will issue to preferred md mon stockholders of record October 25 uu right to subscribe to ofle new share of common stock for each five lham now held at $31.50 a share. Thi: lhpmxhnlkly $12 below the current rket . The rights expire No- over the vember Poland has a campaign for intensive Anevrlflnyuwoonneclcnmln Sues, Zgypt. or 5 per cent. GERMAN BONDS AND STOCKS. Epecial Dispatch to The Star. NEW YORK, October 11.— Bid. ier Govt Red Loan with drawing se ctfs attached per 59.00 61.00 Ger Govt Red Illllolfl drawing ctfs per 1,000 R M. 24 (Quoted in flollll’l ver milli Hamburg 4425 1919 35.00 45. (Quoted UI dblll! per lhouunu lml’k!h German Gen Elect 3.00 G’ 'man Gen Elect i 8nam am G5 HRE enGS ........:..::..'.;;........... g, 1.90 Nov. 13 Pacific 'Lighty do pt ne-d 8 VIR Nov. lz Low M Rt e id Mig. White Sewing ._a_a__omu&@ BUILDING ASSOCIATION 7th St. & Ea. Ave. N.W. 63rd Issue of Stock Now Open for Subscription Shares of Stock, $1.00 Each Payable Monthly James E. Connelly” James F. Shea: President Secretary First Mortgage Loans for, 3, 5, and 10 year periods on houses, apartments and busi- neess property in Washington, nearby Maryland and Virginia Randall H. Hagner & Company, Inc. 1321 Conn. Ave. N.W. Decatur Mortgage Loan Correspondent New York Life Insurance Co. 14th and H Streets Capital, $1,000,000.00 Checking Accounts Savings Accounts Acceptani:e Credits Time Deposits Foreign Exchanges Commercial Credits Travelers’ Credits | Travelers’ Cheques Collections 5 Real Estate Loans Collateral Loans Invéstment Securities Corporate Trusts Individual Trusts Administrator, Executor Safe Deposit Boxes Continental Trust Co. 14th and H Streets WADE A COOPER. President Capital, "MM