Evening Star Newspaper, November 6, 1929, Page 15

FINANCIAL. CURB SHARES DROP IN SHORT SESSION Market Opens Lower and Rally Brings Out More Selling. BY J. A. CRONE. Special Dispatch to The Star. NEW YORK, November 6.—Opening Jower, Curb Exchange prices showed a fractional rally after initial transactions in today's three-hour session. This ll."hfi bulge invited a fresh wave of }m taking. The volume at the open- was' comparatively small. Electric Band & Shate started on 20,000 shates at 30", off 3%. around 76. American Superpower ap- ared at 2515, off 1, only to drop to g:lnw 24, Allled Power & Light in its initial sale was 44%;, off 3!4 points, but by the end of the first hour it was Quoted at 40%. A block of 125,000 shares of Cities Service appeared on the initial sale. ‘The opening price of 35 showed a net decline of 37 from Monday's closing quotation. This compares with the record opening of 225,000 shares at 417% on Monday. In the first hour Cities Service dropped to 32. Many international stocks mirrored the heaviness of the lasi two sessions of European markets. This trend was indicated by Ford Motor, Limited; Roan Antelope, Anglo-Chilean Nitrate, Ford Motor of France, Hydro-electric and Brazilian Traction. Canadian stocks also reflected irregularly, Noranda Mines, Hudson Bay Mining, Hiram Walker and Ford Motor of Canada A opening Af. The downward trend, however, was by no means confined to international stocks, for it touched virtually every section of the list. Later it dropped —_— CHICAGO STOCK MARKET. Bpecial Dispatch to The Star. CHICAGO, November 6. 18 a report of today's sales, high, low and closing quotations on the Chicago swck zxcmnge STOCKSH igh. Low. Close. 3 91 u 010 T N 612 2302 5 Bl m Con (] Ammun i b Ut el pid " a:?m & Telev. ..:» oty L N e Bue. Seavars 328305 1 ~Prev 1920~ Stock and Hish, Low. Dividend Rate. 2: 6 Acetol Frod A. 7 Aeronautical In 2 Aeronautic Ind war. 814 Aero Sup Mfg. B.... 17 Aero Underwriter: 23% Agfa Ansco 17 Ainsworth 13% Alr Investors con pf. 44% Alrstocks, Inc v te.. 120 Alabama Gt Sou 3 125 Alabama Gt S pf 17 4 Alexander Indust 3% Allied Aviation 10% Allied Mls, Inc. ... 29 Allied Pow & Lt... 74 ANP&LI1stpfs5... 146 Aluminum Co of Am. 1001 Aluminum Co., Ltd. . 237 Alumin Goods (1.20) 36 AmArchCo (3)..... 8% Am Br B El 14 shs 33% Am Cit P&L A (a3).. Am C P&L B (h10%) Am Colortvpe($3). .. Am Com P A (130¢). Am Com P B (130¢) . 14 AmControlOfIFlds. . 28 Am Cyanam B 3% Am Dept Stor 16 Am Equites. 174 5210 Am For Power wa: 254% 1104 Am GasaRres ($1).. 42% 9 AmInvestIncB.... 24% 51k Am Investors (war). 99 205 Am Lt& Trac (10)., 32 Am Maize Prod (2).. 7% Am Natural G 25 Am & Scot In (1.20). 19% Am Solvents Chem. . 25% Am Solv Chem cv pf. 22 AmStPSA (160).. 16% Am Superpower 9414 Am Superpow pf 871 Am Super 18t pf ( 8 Anchor Post F (12) 14 An-Am vot cod (38¢) 12% An-A n-vot cod (35¢c) 15 Anglo Chil Nitrate. . 1% Argo Ofl 20 Arcturus Rad Tr 2 Arizona Com (50c) .08 Ariz Globe Copper 3% Arkansas Nat Gas 6% Arkansas Nat Gas A. 4 Ark N G em pf (60c) 314 Asso-Dyeing & Ptg.. 51 Asso-Elec Ind Ltd.. 36 As: 31 Ass 5% Asso Rayon. 42 Asso Ravon # Atlant Fruit & Sug. 36% Atlas Plywood (4) 35 Atlas Port Cem (2).. 7% Auto Voting Mach. .. 16% Aut V Mov prpt (2). 29% Aviation Corp of Am 23% 13% Aviation Credit..... 139 117% Bab & Wilcox (7). 100% 90 Bancomit Corp.. 24 5 Bellanca Atrcraft. 190 155 30% Bickfor Ine pf (214 36 Blaw-Knox Co (1) 40 Brasil Tr & Lt (2) 40 Burco, Inc conv p: 3% Burma rots (313c| 14% Butler Bros (2), 5% Bwana M Kubwa. 5 CableRT ¥to... 3 Cab&WireLtdA re 1% Cab&WireLtdB reti 1% Cab&WireLtdpt rets 1 = 858 A 55NSRRS: g ' 2585 . 55NE8285S L8RS, Wt 290901 3 =5 88! 3 ] 7 393 2 H 3 9 13 1 1 1 1 1 5 De: l; [ H % ass 0 2 2 WEQQQQ! £ s R E RS F st S:‘:R‘-’ ES. = ] L EE (53 28058250 ST W O e J- s &S = e bt 70 3! i "adige 2 ity 2288 w 05 B ErrrT ERSEEEE mNzsse 3 Biaobiue S §d 42958523 EeE S R Ut West pull s 8s KRERRZERZERER o o T EREE BT EEE8 e k! am e ErEtir uss 98 Seaboard Uil | 2 Sheffleld Steel 15ignode Stl 8 pf 8o Colo. s Susna: Mg s B Bt E St i & Indus Corp - i §<<c===ccd 3 Vorhtex ik & s ztmth Radio. 0 'r sales, 735,000 shares. R BONDS. m'lm&mmon Ed 1st 5 a3 101 7 Com 1 *43 110 109 u'm Tt B8 " Tex-La Paw 65 TREASURY CERTIFICATES. 101% 110 1 00 100 100 130% 180w '3ev 6 Chain Stores Dev. 13 Chaln Stores Stock 210 140 Cheseborough (16) B52% cnu & Ohto (new) 1 Chi & NW bond rts 97% Childs Co pf (7). Cith ervice (13! 87 Citl » 15 City Mch & T (1.60 60 Clev El Illum (30¢] 20 Columbia % Columbia Syndicat: 29 Colts Pat Fire A (2 10% Comwl Ut B ($50¢) 16% Community Water % Comstock Tunnel 20 Consolidat Afreraft 4 Consolidated Copper 12% Con Dairy Prod (12). 71 Con Gas Balt (3) 20% Con Gas Ut A (2.20 7 Cons Instrument. 10 Cons Laundries. 10 Continental Of 37% Cooper Bessemer (2 80 Cooper Bess pfA(23).. 5% Copeland Prod Inc A. 11% Cord Corp. Corroon & Reynold Cor & Rey pf A (6) Cosden O1l... Cosden Of1 pf. Cream of Wheat (2). % Cresson Co! ) 18 Crocker Whi l\.l(n\. 40% Cr&Bpf (3%) ww.. Flying Serv., ‘Wright war.. 2% Cusi Mex Mining. 7% Darby Pet (1)... 17 Davenport Hos (2).. 46% 10 Dayton Air & Eng. 26% 5% De Forest Radio. 11 2 Derby Oil & Refin, 5% DH A Ltd ret n(600). 6% Detroit Afrcraft Cor. 16% Dictograph (t1%)..) 21 Dinkler Hotels (2).. 9 Dix G -smmuu. . 17% % Dolores Esperanza. « 19% Douglas Afrcraft.... 90 Dow Chemical pf(7). 34 Dresser(SR) MA(3 52% Driver Harris Co. ney 4 Dubelier Cond&Rad. 324% 130 Duke Powder (6) 20 6% Durant Motors. 7 3% Duz Co, Inc., A 4% % Duz Co, Inc A cf 12% 1% Earl Radlo Corp. B5% 22 EastGas& F Asso. 77% 26 East States Power B 81 10 EasternUtllInvA.. 32'4 10 Esler Elec Corp. . 50 Kl Bond & 8h (b§: mav. 100% El Bond & Sh pf (6. 3027% 75 ElInvestors (b6%). 104% 96% El Investors pf (6).. 92 15 Kl Pow Associates.. 16 El Pow Associates A 10% E1P & L opt war 66 3% EIlSharehold (31 45% ElSharehold pf (6).. 89% Emp G ¥ cum pf(7). 25% Empire Pow pt (2) 25 Employ Reinsur 1 17 Eng P S opt was 9 Evans Wallow 1% Fageol Motor......e 5 Fairchild AviatioR. .10 Falcon Lead.....eee % Fandango Corp. 9 Fansteel Products 15 Fedders Mfg A (2).. 556 Fer Enam A (15%). 20% Fiat Stk deb rtsrts. 8 Finan Inv N 'Y (b8) 41 Firestone T&R ne .20 First Nat Copper. 100 Florida P&Lt pf (7 8 Fokker Aaircraft, 10% Ford Motor Ltd. (Reported by J. & W. Seligman & Co) turd Bi Ofler 43s Dec. 15. Blas Mar. 15, 1930 4%s June 16, 318 Mar. 15 10 Foremost Dairy 19 Formost D P pf 1.6/ 17 Foremost Fab (2) 4% Foundation For Shs. 20 Fourth Nat Inv. 10 Fox Theaters A. 85% Franklin Mfg pf (7). 34 13 356s 231 231 7 26% Borne Scrymsr '2% lfll - » D T 1 TUIRL. YIS USRIV JOPMVI-— P -4 T -t 13 SSnnanand - RO AN BRNIRDD WSRO ™ ......34.- » = > IO THE Sales— Add 00. Open. Hish. 8 19 20 16% 15% 8% 8% 33% 104 28% 244 33% 24% 25% Bell Tel of Can (8).. 27- 157!6 157% EVENING STAR, WASHINGTON, «D. C, Low. Close. 18 51% B1% “ % 106% 1064 29 30 3 27T% ™% kel 26% 42% 3% 2% 9 19% 19% 16 8% 16 8% Stock and Sales— Add 00. Open. ). 3 38 Diyidend Rate. 356 Fren Line B (2.54 21% Qarlock Pkg (1.20).. 5 Gen'al Alloys (80c). 9% Gen Am Invest new " Gen Am Inv pfn 10% Gen Lau Mch (1.60). 45 Gen Print Ink (2%). 11% Gen Rity & Utilities. 74% Gen R & Util pf (6). 25% Gen Theat Equip vte 95% Ga. Power pf. (6).. 26 Gerrard (S A) Co Glen Alden Coal (10) 14 Com Har (4).. 18'% Globe Underwriters. % Gold Coin .16 Goldfield Consolidat. 3 Gold Seal Eln. 4 Golden Center. 35 Goldm Sach TC (b6) 1'% Goth Knitbae Mach. 20% Gramaphone (2.19).. 204 Gramaphon 12 Grand Rap Var i1) 250 GrA&PTnv(5)... 550. 8214 Graymur Corp.... .. 61% Gt LakesSteel pt pf. 12 Greenfield Tap&Die. 10% Groc Stors Prod vte. 27 Ground Gripr(ti%) 55 Guard FAssn (2) 4 Guardian Inves % 28 Guenther Lav 121% Gulf Ofl of Pa 10 Hall Lamp (t2) 5% rt Corp.. tine Corp (1). Mining (1)... 7% Helena Rubenstein. ., 17% Heyden Chemic (2) 23% Hires (CE) A (2)... 31 Hollinger Gold (60c) 2215 Holt (H) & Co (1.80) 215 Homaokla Ofl. . 89 Horn & Hard (2 21% Houd-Her cv pfA23% 6 Hudson Bay M &S 75 Humble Ol ($2). 14 Huyler Stores of 351 Hydroel Service (1). 10% Hygrade Food Prod. 7% Imp Chem (Ind..... 22 Imp Oil Can n (50e). 264 Indiana PL new 23 Indian Terr Illum 5% Internat Products. 25% Int Superpower ($1). % Intercontinent Petn 28% Inter Util A (3%) 3 Inter Utll B (33).. 2% Internatl Util (war). 12% Interstate Equities. . 15% IrvAlrC (2) (1.50). 6% Italian Superpow A 5% Itallan Superp war. 5 Jonas & Naumburg 12% Karstadt (R).. 1% Kirby Petroleum.... 19% Klein, D. Emil...... 1% Kolster-Br (Am Sh). 80 Lackawanna Sec(4). ¥ (12 Lnnu- F &R Co Lefeourt Real ( Leh Coal & Nav 11% Libby McNell & L. 18 Lily Tulip Cup Corp. 7% Loews Inc debrts... 28 LoneStGas (80c). 40 Long Island Lt (40¢) » » o 3 s @ ORI RA NN B B o NI AR BN AN DA IR O E R T S E R e B S e % o e b 91 118 104 Long Isld Lt pf(7). .820! 14% 8% Louisiana Lan & Ex. lfi% MacMarr lt len ont I M u'l!ie) Mn Midland Corp. Mead John (13%)... 10 Memph Nat Gas Co. . 15% Mer Chap & 8 (1.60). 89 Mer Chap&S pfA(6). 86 Mercantile Strs (5).. Met & Min Ine (1.20. Met Chain Stores.... Mid West Util(new). Mid Royalty cv-pf 3. % Midid 8t1 Prod 15.92. 158% Middle West Ut ('l). 48% Midvale Co (3)... 1% Min Corp of C (tle) .- 8 Mo-KanP L (L5%). - o au-nmgmn——aflnnaunanp- 16 98% Moh H P 1st pf (7)..226s 99% Moh Hud P 2d pf(7). 1% Montecatini deb rts. . 88 Moody's 1S ptpf (3) Mount Prod (1.60)... 10 Municipal Service... 25 Nachman Spring (3) 8 +Nat AmerCo (2).... 0). 24% NatFuel Gas (1).... 20 Nat Investors (new) 15 Nat Mfrs & Stores. .. 20% Nat Pub 8v A (1.60). 28% NatSugar NJ (2)... 33 NatTile (3).... 6% Nat Trade Journal JDK Nat Transit (1134).. at Union Radlo. 1zu Neet Inc cv A(1.60).. 28 Nelson(Herman)(2). 17% Neptune Meter (2).. 85 New Eng Pow pt (8). N Hav Clock (1%)... Nevada Cal Elec. . h.wberw(!!)v((‘”. Newmont Min (34).. Newport Co (new).. NY Auction (1%)... N Y & Hon Ros 12%. 25% 92% 107% 236 52 93% NoAm Util 1st p£(6). 8% North Cen Tex (60c) 24% Pac GREl 1stpf1%. 12% Pac Western Oil % Pandem Oil... 8% Pantepec Oil. 15% Pennroad Corp. . 16% Penn Gas&El A 1%.. 20 Penn Mex Fuel (1).. 53 Penn Ohlo Ba($1%). uo% 106 Penn P& Lpf(7)... 17% Polymet Mfg (31) 60% Powdrell & Al (3%). 88 Pwr Corp of Can(4). 60 Pratt & Lambert(4). 1% Premier Gold (24c). 6% Prince & Whitely.... 32% Prince&Whitely pf 3 18 PropSilk HM (2)... Puy 6% Pyrene Mfg (80c) 10% Radio Products. 59 Rwy & Lt Seoc (1 9 Rainbow Lum ProdA 5% Rainbow Lum ProdB 258 eyl 1 - ™ P UNHURORARHARDRRAN N RNR .‘2 woakmnaks e AnwoBarataneme & - =3 CBpe KARBARCNNNON A Se WEDNESDAY, ~Prev.1020— Stock and h. Low. Dividend Rate. 52% Raymond Con pf(3)6 Red Warrfor. ....... Refter-Foster (101:)4 Rellance Manage. Reliable Stoes bl % 5 Repett! Candy...... Reynolds Bros Inc. . Reynolds Met (new) Richmond Radiator. Rike Kumler........ Roan Antelope Min. . Rockland L& P..... Roosevelt Field,Inc. Root Refining. . Root R ev pf (1.80).. Royal Typewr 2.7 Russek’s Fifth Ave.. Ryan Consolidated. . St Regls Paper Salt Creek Con (40c) Salt Creek Prod (2). Schulte Real Estate. Schulte Un fie-$1 St. chutter J Candy A. ext Lock & H (50c). Sciberling Rub (1) Selected Industries.. Select Ind 2d pd 4% .. elect Ind pr (5%).. entry Safety Cont.. Sharp & Dohme. Shattuck Den Min. Shawin W& P (2). Sheafter Pen (13 Shndoah Corp(b6% ) Shenan Corp pt (3).. silica Gel ct. .. Silver (Isanc) Brof Singer Mfg (122%).. Singer Mf Ltd (30c) . 4 Sonora Products 51 South Penn Ofl @) SEP&LDPIT)... SoCal Ed pf A (1% So Cal Ed pf B(2% ) 21% SoCalEdpfC(1%). 8o Col Pow A (2) 5».. Southern Corp. . Southland Roy (1 sSW I3 - o o vorsnaBanamnealSaaSaenunaralranBvand cipanacnaas muanoes o Spanish&Gen Standard Dredging. Std Dredg cv pf (2 % Standard Motors. . St Ofl of Ind (234 8t Ol of Kan=a . StOflof Ky (1.60).. 21 St Oflof Ohfo (2%).. 4s Stand Pow & Lt..... 3 Std Silver Lead. Suarrett Corp. 2 2 2 =% ) Starrett Corp pf(6).. Stein (A) & Co.. SteinA&Cocu pf 6% . 28 Stein Cosmetics Inc. 3 Sterchi Br St (1.20) . X Stern Bros A (4).. Stetson (J B) (.K)-. BDI 4 Stinnes (Hugo). Strauss (Nathan) . Strombg-Car $1.12%. 12 Stutz Motor Car.... Sullivan Machine(4) 25; Sun Inv. . ilm.nvpf ). l Sunset Stors pf(3 %) Swift & Co (8 5! Swift Intl (2). Syrac Wash M B (1)’ TAggart Corpa..... ‘Tampa Electrio (32). Teck Hughes (30¢). . Sales in thousands. DOMESTIC BONDS. - - SssneesanianEEzas: l‘/n o festvaco Ohio s%s 137 Dola FOREIGN BONDS. b '47 101% ’g “;ln b 8e0 4ok LI hile Mtge Bk 65 '31 96l o Mice Bk 6 ‘63 86 w—With warrants. XW—Without Warrants. rr SHORT-TERM SECURITIES. (Reported by J. & W. Selismap & Co) Allia-Chamers Co. se ) ll.y 00 ¥, Ry Go. m- ms Chicaso fiocx m-na‘u’im 8“«:: f lduon 4, Gen. Mot. Acc. eneral Pet. Co rug Elect 85 Wheeiing Bleel Cor. 513 10 FOREIGN EXCHANGE. ibbs & Co.) (Quotations furnighed by W. B. Hibbs th““ value (or par). _today. London, pound. Paris, franc s it FEDERAL LAND BANK BONDS. Special Dispatch to The Star. NEW YORK, November 6.— o lld Axked Llnd Blnk 4‘/] NOV 1! nk 4s 9383 Laj Land Bank 55 9410p31 Land Bank 55 May lulwll MONEY HAB,KET. NEW YORK, November 6 (#).—Call money was steady today, renewing at 6 |to per cent and remaining unchanged throughout the abbreviated trading |ang session, There was some calling of loans, but the -ux‘?lllyq was_plentiful. Time money was ith 6 per cent unchanged o onday: NOVEMBER 6, Ade 0. O Open. High. 58 53 4 | pounds, 2.50a2.90; sweet potatoes, bar- 1929, —Prev. 1920~ " Low. 2% Ve % 27 25 Tobacco 20% Tran-Lu: Vacuum Willlam % Asso Gas 5% Mid West 1 Mid West % Pennroad annual payment. “Ex-dividend, 1P cash or stock. ayal GRAIN MARKET. CHICAGO, November 6 (#).—Wheat values suffered sharp breaks in the late trading today after violent fluctuations earlier. Persistent downturns in Stock Exchange prices, together with word that the Canadian growers’ pool still has part of the 1928 wheat crop unsold, proved finally to be much more than a counterbalance for all stimulating fac- tors in sight. Buying power gave out completely at some late stages of the day’s wheat trading here, especially after December delivery of wheat at Kansas City was shown to have dropped below the figure at which the Federal Farm Board had announced it would loan money on wheat. ‘Wheat closed extremely nervous 1% to 115 a bushel under yaam-dny- finish, Corn closed unchanged to ¥ off, oats, 1% to 1%al% down, and provisions showing 10 to 20 decline. WHEAT— High. & 1 128 by ‘953 lnk Special Dispatch to The BALTIMORE, Md., November 6.— Potatoes, white, barrel, 1.50a4.10; 100 rel, 75a2.25; yams, barrel, 1.75a2.25; ham) 4.0085.00; caulifiour, celery, crate, 1.50a3.¢ 2.50a4.00; lettuce, bushel, ham] peas, bushel, 5.50a5.75; pumpkins, mo. 6.00212.00; spinach, hamper, 40a 5; nquuh. crate, 3.50a4.00; tomatoes, hnmper. 1.00; turnips, , 158 apples, bushel, 7542.15; grapes, hllet, 5a17; grapefruit, box, 3.00a4.00; o L L 3 pears, H quinces, buflul 75a1.50. Dairy Market. “Po;lgi. uli‘v‘ce;-m;’y:’ pound, 35a | ens, 5 3 22024, old‘lum 228 828; o m':'x;.""i‘i’. 21; poor and thtn 17a1i old roosters, 8a20; ducks, 19a24; guines fowls, each, 40a75; rfl.flu 25. Eggs—Receipts, 1,817 cases; native and nearby firsts, 50a53; current re- ceipts, 43a45; hennery whites, 58a60. Butter—Good and fancy creamery, pound, 42a48; ladles, 35a36; store packed, 27; rolls, 31a32; process, 40a4l. Live Stock Market, Cattle—Receipts, 50 hnd. light sup- ply; market .fi choie o to 8.50. Bulbs, choice twflm none, Ww 9.00; fair to medium, 7.50 o 8.00; plain to fair, 6.50 to 7.50; com- mon to plain, 5.50 to 6.50. Cows, choice orime, nonv. [ood w choice, ; medium to 00; common to plain, 4.00 to Helfers, choice to prime, none; good to choice, none; medium to good, to 10.00; fair © medium, 8.00 to 9.00; plain to fair, 7.00 to 8.00; common to plain, 6.00 to 'I.W. Pruh cows and sprtn‘m 60.00 to Sheep and lnmho—Recei pts, 200 head; ucht supply; mnnt higher. Sheep, 00 to 6.00; to 13.50. Hon—necelpu head; fair sup- ly; market lower; lights, 9.80 to lo 10; viu.mnommab.mum 0.00 to 10.35; roughs, 7.25 to Boo. l!aht pigs, 9.50 to 9.75; pigs. 9,80 to Calves—Receipts, 25 hen Ilm sup- ply; market slow. Calves, 7.00 to 16.50. Hay and Grain Prices. Wheat—No. 2, red Wlnm'. t, 1.19; No. 2, red Wlnter. I’DO 181:; N Bedeanper, Some little hay is ar- enough upon which by °s. Where order, hAy sells at from 13.00a 16.50 per ton, according to its quality and condition, reeipts by truck supply- uirements. 4 Stock and Dividend Rate. 19% Thermoid Co «2) % . 27 Third Nat Inv (1)... Thomp Prod A (12). 5 Thomp-Starrett..... 86'% Thomn Star pf (3%) 48 Tish Realty & Con... Transamer n (11.60). 144 R | 8% Trans Afr Trans. ... 1 4 Trans AirTran ctfs. Tri-Cont Allled. ... . ‘Tri-Continental Cor. Tri-Cont Corp pf (6) ‘Tub Art 811k B (10). Tung-Sol Lamp (2). Ulen & Co...... Union Amer Invest.. Un N G Can (+1.60). % Union Tobacco. United Carbon pf (1) Utd Carr Fastnr 1.20. United Ch pt pt (3).. 4 United Corp war. United Dry Docks. United Elec Ser. Unit El Ser pur United Gas Co. . Unit L& P A (60; Unit L&P B (60c) Utd Lt & Po pf (6). Unit Reproducers B Unit Sh Mch (13%) U S Shares Fin. United Store: Unit Verde Ext (4).. Unity Gold. . Utllity & Ind. Util & Ind pt (1%).. Utll Power&Lt(31).. Ut P& L B ctfs (31). Utllity Equities..... vam Camp Packing. % 14% Van Camp P nf(l%l. Vick Fin Corp. 6 9% 9% Va Rallway v.t. % 2% 2% Walgreen Co. . 71 69 Wes Auto Sup A (l). Wil-Low Cafete Winter (Benj) 9% “¥" Ol & Ga { ‘Yukon Gold. 24" Zonite Prod (1.60)... RIGHTS. 1% Kreuger & Toll. 5% N Y Central ..Jan. 3 % Trans Corp.... Dividend rates in dollars based on last quarterly or semi- FINANCI & All Stk xDLPSA. 50% 18% 14% 103% 100 100 12% 14% 15 15 ()ieiieone 15% 3914 11% 4% 2 11% 4 30% 40% 8 RC (1.40). )'91‘/, Expire. & Eel 3 e WS 16 1% 1% 1% 1% 10 11% 13 10 10 9 A% 4% 2% 2% 9 Th Th 6% 6% 88 2% 22U 1% 1% Util. Nov. Util(pr) .Nov. AL. REDISCOUNTS DROP IN FIFTH DISTRICT 4 Richmond-éank’s Earning As- sets Lowered—Note Cir- culation Is Increased. Rediscounts for member banks held by the Federal Reserve Bank of Rich- mond declined from $66,691,000 at the close of business September 15 to $51,- 152,000 on October 15, a drop of ap- proximately $15,500,000, at the time of the year when rediscounts tend to either remain relatively constant or to increase slightly. This reduction in re- discounts lowered the reserve bank’s total earning assets, but the bank bought approximately $10,500,000 m bankers’ acceptances in the open mi ket during the month, which left uu net decline in earning assets only about $5,000,000, from $74,873,000 on Sep- tember 15 to $70,128,000 on October 15. Note Circulation. However, rediscounts have since in- creased . to $57,181,000 and ea: assets to $77.609,000 on October 21. Federal reserve note circulation in the fifth district rose umn-lly from uz- 983,000 last month to $84, the middle of October. Member btnk reserve deposits declined from $66,- 288,000 % the middle of September to $62,089,000 on October 15. The several changes enumerated, with others of less importance, raised the cash re- serves of the Federal Reserve Bank of Richmond from $83,960,000 on Septem- ber 15 to $87,444,000 on October 15, and also raised the ratio of cash re- serves to note and deposit liabilities combined from 56.08 per cent to 58.03 er cent. The reserve ratio subsequent- decnned to 53.94 per cent on Octo~ A cnmparlmn of the figures in the reserve bank’s statement for October 15 this year with the figures reported a year carlier shows little change in the amount of credit extended to mem~ ber banks. Rediscounts rose from $50,666,000 at the middle of October 1928, to $51,152,000 on October 15, 1929, 5 |but the total earning assets of the Richmond bank declined du the year from $70,224,000 to l'ml IM The circulation of Federal notes increased materially, rmns“mm $60,806,000 last October to this year, but it is pn:b-hle that the introduction of the new small currency this year is still affecting this com- parison, Reserves Lower. Member bank reserves were lower on Octube;lls nal‘a wynlr“ than on thg. cor- responding e Thom $87,190.000 1o 842,088,000 The changes mentioned resulted in an Jan. L e i e | xtra in stock. a Payable in tly extra. 1Pl 5 e n Seock.* able in preferred stock. Ble in stock. d 0DD CHANGES NOTED IN BANK DEPOSITS Ninth Reserve District Reports De- creases Where Marked Gains Usually Occur. Special Dispatch to The Star. MINNEAPOLIS, Minn,, November 6. —In the larger cities of the district, the abnormal banking developments of Au- gust and September continued during loss in the fourth week of this period. Unulg there is & increase in city bank deposits at this t! of year. The most unusual feature of the sidewise movement of deposits was that deposits due to country correspondent banks have decreased slightly in the four- week period, whereas in all of the previ- ous three years for which we have rec- ords this class of deposits has increased during this four-week interval. On % | October 16 the total deposits of report- mg city banks were $16,000,000 smailer than on the corresponding date last year. X On the asset side of the combined bal- ance sheet of these city banks there was very little chlnle during the four weeks ending October 16. Loans to cus- tomers lncr!lud slightly. On October 16 these city banks were borro'm $40,000,000 from the Federal Reserve Bank ,as compared to uoonoooo on the corresponding date last year. NEW YORK, November 6.—The fol- e ot e e Ty n_news prej Standard Statistics Co., Inc., New York, for The Associated Press: NEWS TREND.—Outstanding cor- porate development of the day was v,he announcement that Pennroad Corpora. uon. an affiliate of Pennsylvania R-lu- s 2dwm§“5mmfl|u Gl s way from the Taplin interests. This step auto- matically removed at one stroke a major exponent of a fifth trunk line and at e same time improved the trading ition of the Pennsylvania interests in Eastern consolidation plans. Freight car loadings of 1,133,810 cars for week ended October 26 failed to maintain the galn shown in previous week. Total represented a decrease of 45,196 cars from total of previous week and 29,164 cars, or 2.5 per cent, from same week of 1928. Fair sized declines were ?A)arud in loadings of 1:;11: forest products, ore and miscel- aneous freight, while only nominal gains were made by the other classifi- cations. Prel figures on oil production for week ended November 2, indicate that a drop of over 50,000 barrels daily took phce This is a favorable reduction, but is believed to be only a lnrerunner of further large decreases nm curtailment goes into e THE COMPANIES.—Airway Electric Appliance earned $2.87 per share in nine months to September 30, against $2.25 year ago. Atlas Stores declares 25-cent extra and regular 25-cent quarterly dividend on_common, Amchud Gas & Electric surplus after charges, 12 months to September 30, up 76 per cent over year ago. Bankers “glm-mmty Teceiver ap- increase in the Federal Reserve Bank of Richmond's cash reserves from $70,~ 550,000 on October 15, 1928, to $87,444,« 000 on October 15, 1929, and a corres- ponding rise in the ratio of reserves to note and deposit liabilities combined from 56.04 per cent to 58.02 per cent uring the year. Comtrucmn work ded for in germm issued by b inspectors 3 Afti flhtrlet cities was in nlm"lv small volume in September, 1929. Per- mlu for new construction totaled 1,460, a larger number than 1,318 permits for similar work issued in September, 1928, but valuation figures for new wor totaled only $8,509,! Bl" in teml this year, compared with $13,071,509 !l n com| T ap) ly two-thirds of he total nrunuon last month, although both cities showed ma~ lower totals than for &mmblr terhu {:;r ago. Winston-Salem largest valuation in mu year, Asheville was f and Greenville, S, C., was fifth, all three ex- ceedml! the n’uru of Richmond and Norfolk. Permits for !uemmmm Tes of tion $1,323,175, compared with 2,229 permits and valuation of $1,322,545 in all classes of permits issued in ber a year ago. Fourteen cmeq larger figures this year, but 19 eities, in« cluding the three largest ones, reported lecreased totals. Contracts Awarded. Contracts awarded in September for construction work in the fifth district, including both rural and urban totaled 322 711,510, compared ) 842,583 awarded in September, 1928, ac- cnrdmzmfl(um collected by the F. W. Setmer Rhis year, $0.636.080 was tor m) year, was for residential work. g O COFFEE MERGER URGED. NEW ORLEANS, Novemher 8 (P— Merger of all roasted coffee interesfs into one body was advocated toda Felix Coste, manager of the Nat Coffee Roasters’ Assoclaf in his an- Y| nual report to the coffee convention here. The Commercial National Bank Pays interest on DAILY BAL- ANCES on Savings Accounts. Interest starts from DAY of deposits and earned to DAY of withdrawal. Come in and let us explain Resources Over $20,000,000. 14th & G Streets E. GOLDEN DONALDSON, President On improved real estate situated in Washe pointed by leral Court; position im- pa,lcr:g by drop in prices of bank Brewn Shoe increases annual divi- dend rate from $2.50 to $3. By-Products Coke to issue 1,200,000 shares in connection with acquisition of Toledo Furnace, Zenith Furnace; Furnace and Ccke Plant of Perry Iron and an interest in ore properties of Pickands, Mather & Co. cny Ice & Fuel lcqulm eight ice plants and seven coal yards through- out Middle West. Colorado Southern Septem! operating income off 37 per cent; 9 months, 10 per cent below year ago. S ip Lines to incmle from 150,000 split stock 8 for 1 wdgehnlptreemltocxnend 1929. Had September net of $434, ‘“. about 9.5 per cent nbovc .:m Buffet tober up 16.9 per cent; 7 months 13 per cent above year ago. Federal Bake Shops October sales Straw—Receipts, ample for demand, which is Wheat straw, lo. 1, per ton, 9.00a10.00; oat straw, No. 1, per ton, 9.00a10.00. ing most req t, but generally B ‘ellmlted up 9 per cent; 10 months, 11 per cent over yurlg:‘ Glidden Co. acquires American Com- merce Corporation of San Francisco. ington and its suburbs. have first mortgage ‘money to loan for re- JUST tell us how ‘much 1indof the broperty o g approximate valuation. Lowest rate of interest. 24 JACKSON PLACE