Evening Star Newspaper, November 8, 1929, Page 15

FINANCIAL. CURB SHARES LOSE EARLY ADVANCES Rally Causes Profit-Taking and List Turns Irregular. FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., FRIDAY. NOVEMBER 8, 1929. BT s e o e AT Sales— Add 00. Open. ~Prev.1920—~ Stock and Sales— Dividend Rate. Add 00. Open. Hizh. Low. Close. Ttil & Ind pf (1%).. 12 264 28 26% 28 til Power&Lt($1).. 20 Sales— ~Prev. 1020~ Stock and Dividend Rate. Add 00, Open. High. Low. Closs. . Low. _ Dividend Rate. . | Hieh. Low. s 34% HaygartForp. ... ... 3T 3T% 6% 36% 4 Tri-Cont Aliied. ... g 54T, 20 4815 17 Aero Underwrite: 15% Hazeltine Corp (1).. 20 20 20 Tri-Continental Cor. 8% y 13% U 431 287 Agfa Ansco. .. 3 10 * Hecla Mining (1).. Tri Utilitles. ... . 48 5 27 GtP&LBeotfs31). 5 0 . L 17 Ainsworth Mfg $23%. 17 : 17% Heyden Chemic (2) .. Trunz Pork Store W 25% 10 Utility Equities..... 3 &8 Sugar Refiner Believes 1s-| - 3 AirInvestorsvtc... 3% Hollinger Gold (60¢) Tub Art Silk B (10). 5 RO i) 5100 104% 441 Alrstocks, Inc v te.. 2% Homaokla Off....... Tung-Sol L pf (3)... e ia Ve ST Rl 1% 18 3 67 124% Alabama Gt S pf $7.. 2 6 Houston Gulf Gas. Ulgn & Co. . 4 T A %| 3 125 Van Camp P pf(1%). land Would Benefit by 23 31 Alexander Indust... 3 % 7 if 2 6 Hudson Bay M & S. Ud N G Can (1. 9 9 9 7% Vick Fin COrp. ..... 3 e 5ix Allegheny Gas Corp. = Humble Oil (12)..... Union Tobaceo. . .. . 2 4 2 VaRallway v.te. U. S. Alliance. % 10'% Allied Mills, Inc.. 2 _ B 3 H%r:rd ég::_::. (1: Utd c;ré' Fastnr 1.20 621 Walgreen Co. " Y ” 10% e e 614 Walker (H)-(1 Hygrade Food Prod. United Dry Dock: 1% Watson (J W) i 1% Allison Drug StA. ’ ’ 22 Imp Ofl Can n (50¢). United Eido Ser 5% Wayne Pump. 539%% 146 Aluminum Co of Am. d 26% Indiana PL new 123 United Gas Co. . } % Wenden Coppel 35 Am ArchCo (3)..... 4 6 Indian Terr Illum. Unit L &P A (60c) . . i 281 West Air Exp (60¢) 81 Am Br B El fd shs. .. 26 Insull Util. Inv.. Unit L&P B (6tc) ... ax+ . 33% Am Cit PEL A (a3).. 20 Insurance Sec (1.40) P Willlams R C (1.40). C P&L Utd Lt & Po pf (6) . atart . : 5 10 AmCP&L B (b10%) 12% Insuranshar of Del. . UnitedMilk Prod. Wil-Low Cafeteria finer of New York, forecasts the ulti. 16 el el insuranshar o D‘.”. R . L §% Winter (Ben)). - : Unit Prof Sh (1.20). % 3y n:v?z"bl.n:‘elxnt;fin that o I;‘rsm:;hehrg- 18 AmCom P A (130c). g % 15 Int Petroleum 37%¢. Unit Reprod A. 8 . 20 Zonite Prod (1.60)... 231 perity and contentment to the. people 2 ‘AmCom P B (1300)., 24% Int Superpower (11 Unit Reproducers B. RIGHTS. Expire. of that liitle island. At the same time e o e o' Intercontinent Petn D SPiangi ). 23 & Asso Gas & Eel. 16 % Sl 9% X " nter Utll B (3%). of < Toll 18 1% 1% Permasently the probiem of the Uniite o Al (68 203 Interconst Trad Co US&InsS ete : B hila st Uth. .. Nov.15 30 111 10% States sugar supply. e e tures 12% Interaate Equitles.. U'S Gypsum (1.60) i 574 1 Mid West Util(pF).Nov.15 3 3% 3% hour, for the bulge in the second half 4 i . nterst. Eq. cv-pf. 4 % 6% Y This former Western man, always 39% A For Power war : 15 ArvAIEC o) (iv0ys) 8% Denisass Nov. 19 108 e ny Dour 88 “aufficlent'ito, ‘in€uce peais SUger iy 30 emintsl to. homan lis e ] &% ltallan Superpow A... % % Trans Corp. Jan. 4 24 % % One ot thielsdely/ Hiatiinet Weaitthie that the interests of the Cuban people, O S ) Dividend rates in dollars based on last quarterly or semi- | number of stocks which, after hittin as well as the sugar needs of the| “s3 “2g1 Am Maize Prod (2) 84'% Johnson Motor Co. Unity Ggld. . . . annual payment. record lows the previous day, dis] United States, will both be happily | 18% 78 Am Natural Gas. 2% Jonas & Naumburg Utab Apex (50c) i dividend. {Partly extra. tPlus extra in stock. a Payable in | vigorous rallying powers. In some in- merged by the annexation. 89 * 51% Am Salamand (3% 30 Jon & N cum pt (3) 65% Utility & Ind. . . 20% [ cash or stock. b Pavable in stock. d Payable in preferred stock. | stances this rally resulted'from invest- 12% Karstadt (R).... “Natiofial pride may cause the Cuban 25% Am Solv Chem cv pf. ment buying and in others from short 26% Klel e 3 ier B (o crnieaco, Novemmer 8- rotiowing 1« REALTY SECURITIES people to resent my suggestion, but I AmStPS A (1.60). covering. < make it with the utmost confidence 1% Kolster-Br (Am Shy. Bunched Orders. Am Super 1st pf (6). % 30 Lackawanna Sec(4) a report of today’s sales, high, low and closing quotations, on' the Chicago M ARKET OPENS SOON Ry ' Drop on Stock Exchange Stimu- that time will prove that their future welfare will be best served thereby,” | Anchor Post F (12).. 4 O LA B A (o ey (o2l blocks ‘L'pe"xifli’.""m&’&i:‘: again An-Am vot cod (35c) 40 Lane Bryan tine (2). Stock Exchange lates Plans for Offering New Investments. LY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, November 8.—Resuming the rally of yesterday’s session, Curb prices were higher at the opening to- day and through the first half hour | on a heavy volume of trading. Irregularity appeared in some of the leading issues at the end of the first BY JOHN F. SINCLAIR. Speclal Dispatch to The Star. NEW YORK, November 8-—Rudolph Spreckels, the independent sugar re- (oSN W BN HEN RIS A SRS 0000 B i 030D 3 800 U'S Radiator (2) U S Shares Fin, . UniPVerde Ext (4) BONDS ON THE CURB MARKET. says the sugar king. feateed " 2 pened with 15,000 shares When the point is made that this & An-A n-vot cod (35¢) 19 LazarusF&RCo... 1 23 3 3 3 STOCKS. 797%, up 57 points. A't)wu:ao ur attitude would conflict with the exis:. : & ‘AUEIoChIlNItEate. 18 LamrusE& R Co.. 2 ) e e e ¢ ing domestic sugar interests, he replied 20 AretarTRRad Pabe:s ; s av (4). y y mngndreds, 3 that the higher cost of production oui ¢ 0% B . the part of American interests could be met through an internal revenue tax 956 AFKRNED NALORS, - o on the sale of refined sugar, any part 6% AFEARSAS NAVGES A of which could be remitted to equalize 5% Asso-Elée Ina L0, . 74 Lily Tulip Cup C the difference in cost of production. 5 ASS0 G&E A (32.40) ? 7% LoewsIncdebris... Then he continues: “The fact that % 314 AssoGEE'Adebrtn,, 13 B[R e et R Hawailan, Porto Rican and Philippine % 40%.Ass0 Rayon pf (6) 7% 28 LoneStoms idic). sugars come in free of duty is a distinct i L LU . GE O Eee menace to the beet and cane sugar 7% Auto Voting Mach, . 13 104 Lons Inld Lt pr(D). . industry on our mainland, which pays 163 Aut V M v prpt (2). / 5 the American standard of Wwages. 2405 Aviarion Corp ot Am A3% R MACMAET BN, - s s Congress, in his opinion, therefore 127 Aviation Credit..... Ao 42y ‘ 3T% 7 Marcon! I M (37%c). should keep very clearly in mind the 1% Bahia Corp. .. § ’ 75%% ;,5,[' Mar Midland Corp. possibility of such a political arrange-| ggs, 62 Bala & Katzctf (3).. 60 68 " gi% Mavis Bottling. ment with Cuba in the future in mak-| 190" 152 Bell el of Can (8).. 2 ; 0 Mayflower Assn ing the sugar schedule in the pending; “g4 2 o 10 Memph Nat Gas Co " High. Low. Close. Lehman (The) Corp. 3o 30 N Leonard Ofl.......... 42% Lerner Stores Corp 11% Libby McNell & Li. .. 174 Lily Tulip Cup Corp. Citles Service, which opened wif a 25000-share lot at Sl‘up.': daeclinzz wflfl%. lany investment stocks that dropped steadily for the Jast st eee slons apparently had reached levels where they attracted bargain hunters or buyers for yield and they were takea at slightly higher bids. This tendency NEW YORK, November 8.—The col Sies, sich ‘s Heambie, yanaard O le- . i % y " . uum, - lapse of the bull market is stimulatin ] 30 ar . s rather than hindering plans for the oo %074 19572 ‘ys"ou Y opening of the New York Real Estate o Securities Exchange, which will begin trading December 16. While the exchange, the first of its 1% Arizona Com (50¢).. .09 Ariz Globe Copper. Adams Royalty BY LI EL F. PARTON. Special Dispaich to The Star. Higher Priced Issues. Some of the Migher priced issues re~ tariff bill. This is the first time in many years 5T% 29% 36 Blaw-Knox Co (1) 10 Bliss Co (EW) (1 65 Mercantile Strs (5).. 5 Met & Min Inc (1.20. 18 Mid West Util(new). 3 Borg Warne: 2 Bright Star EI B. 4Brown F & W Co B kind to be established, was to a degree proposed as a defensive measure against tht diversion of capital from real estate covered. Apparently the distress sell- ing, for the moment at least, has run its course in stocks like Gulf Ofl of that an outspoken statement from a re- sponsible business leader has cham- ploned this point of view in the United States. Many have championed the an- nexation in private conversation, but Brill Corp A (1%) not openly, as Rudolph Spreckels does Brill Corp B..... now. Brillo Mfg (1.20). sir deorge Paish, British financial Bubo, Tace o2 e sauthority, believes that the world itself e e SR, will have to realize that speculation - i sdp et B e does not make business healthy. He 1430 BRGE Bred (3)e goes further and says that the world 5% Bwana M Kubw today is facing a most serious financial s 4% Cable R'T vto. situation. Referring to the New York 3 Cab&WireLtdA rot stock debacle, this Englishman says: 1% Cab&WireLtdB rots. “It is a symptom that the world's 174 Cab&WireLtdpf rets financial situation is most unsound and 3% C A MCoctfs. ... a warning that we are now traversing 3% G A M Cooum pf the biggest financial crisis the world K kS ORRRPRN . ever has seen. 5 Carnegie Metals “The present world crisis is due to 29% Carna¢ Milk B (1), the fact that the world's political policy Carib Syndicat A has been run quite contrary to what 25% Celanese Corp. . the world's economic situation has de- 307 CO BBV A b, manded. We have now to pay the price | gz’ 1 Cen States £l (340¢). of our past political follies and readjust 19% Cen States El war, .. our political aims in harmony with 77% Cen St EIDEx w (6) . economic possibilities. The much-dis- 40% Cen StElcv pfn cussed Brazilian coffee loans system is 5% Centrifug Pipe ( one of the symptoms of the present 6 Chain Stores Dev. - crisis, and if you will look around the 1% 13 Chain Stores Stock. . world you find other symptoms or indi- 50% Ches & Ohio (new). + cations of xmlmuu_st.mzn:.:1 comxr’xé; from Chia NWhondris., 31 % % % % fg;: 2: :H{( llnvest (l.!D)). almost every country in the world.” 7 ild 7). 40s 108% 108% 108 108 DYSSE (WEK) ..o This (i Who' Palsh complaint in & | ems o G e e i o Taa 100 1ox| 206 11 NT PetReymIty (1) 120 124 ers have been complaining for the Jast bl B7 Cities Serv pf (8).ow 7 87 87% 84 877 | 114% 111 NY Telpf (6%). ... 2258 113% 113% 113% few months that the business was being When Sir George was asked how he 2% Clark Lighter A 2 3° 8 3 | 30% 12 Niagara Hud P(40c). 164 14% 15% 14% impoverished by the drift of money to would correct matters, he _replied: 57 Clev El lllum (30¢)+ 58 57 58 ‘3% Niag Hud Pw A war. 12 4 the Stock market and the increasing “Maladjustments must be rectified by a 6% 58% 654 G684 2 Niag Hud Pw B war. ) ting adequate funds on comprehensive world policy that _will o 6% 6% 4 4 204 NiagaraSh ( -40). 26% = L e et enable all countries and all individuals | 495 214 308 250% 268 260% 263 22% Niles Bement Pond. 264 of this year national bullding contracts %o meet their obligations. The United | “Ggre “1016 8714 38 9T% 38 10 Noranda Mines. 34 0 a00.000 per day, &s apainst States is no exception, and must ad-| 2ys, 161 1% 17 17 , 36 North Wevef3)... 2 834 ey arae T RV s pericd Just herself to world conditions.” A T 6% 18 © 15 NY & Hon Ros 124, Cooedein When he was asked further if he| 360 89% 80 19% 6% North Am Aviation.. meant a cancellation of the war debts. | “5os, 121 Con Dairy Prod (12). >3 26 . 8 NorthAm UtllSeo.. nectally: tikke: Gwing 1oy the “UNIEd | son /e e ey e R ot bow 301 115% North St Pow A (8) States by Great Britain, he replied: s 10 10 | 48% 22% N W Engineer (2) 11'd Munn cv pe “Debts are a comparatively insignifi- -12 Con Retall Strs (1)., 14 i 1 3 Lynch Glass Mis Go. cant item in the present crisis. In fact, %4 4% Consol Royal (60c) 9! 29 ih-Dearborn they have nothing to do with it. No,| 58 375 Cooper Bessem this is something much more vast than| 52, 30 Cooper Bess pfA(2).. debts. 1t is world-wide finencial dis-| 1% 5% Copeland Prod Inc A organization.” 87% 11% Cord Corpu.ceveecen Sir George Paish is a practical, hard- | 413, 18 Corroon & Reynolds. headed business man of large interests.| 123" 75 Cor & Rey pf A (6).. His pointed comments will command | 135 45 CosdenOfl....covoee attention. 44% 20 Cream of Wheat (2). — 5% Creole Petroleum. “It's a time for conservation optimism | 1% S Gre0/e POl —not pessimism—for there is N0 serl-| g7,0 18" Crocker Wheeler(n). ous depression,” says George P. Wright, | 73,1 "4y Curtiss Alrport vte. the New York economist, whose job S| 5950 gy Curtiss Flying Serv to summarize the leading authorities on 314 Curtiss Wright war. investments and bustness outlooks and 23 Cusi Mex Mining.... report gs. 6% Darby Pet (1). The consensus, based upon an &naly-| 4, 17" Davenport Hos (2).. sis of the views of 40 competent au-| 56: "5y De Forest Radio Pennsylvania, Great Atlantic & Pac! ’cx;:ellyndh (;aher ‘lissues which are n?}i‘:‘ eld and normally m;r:w markets. T Yeupe e smart recovery in some leading aviation shares in early m: probably resulted from support buying. Niles-Bement-Pond, for instance, 1t from 2614 to 30 in between sales. l‘% 6% Biue Ridge Corp pf. Blumenthal (8)..... 6414 Bohack (HC) (2%). Brazil Tr & Lt (2) 1Bruce (EL).... 52 ‘| by s] tion, some of this capital al- 18 Sutier Jroe., ready is coming home of its own accord, jand the founders of the exchange fore- see ample irrigation of the somewhat i s v-mgh real mu: btum:ft by these 991 Moh Hud P 24 pf(7). 28 24 Cent & 8 W Uull nourishing supplies of credit. 1% Montecatint deb ris.. \ - P ‘The exchange grew out of the natural 88 Moody’s 1S pt pf (3). 3 Ry SR te enl sathis % Moun & Gulf (.08). r some of “‘unearne 7" Mount Prod (1.60) increment” which ders, until re- 3 B‘m“;o;;‘g some of the other air sharcs 10 Municipal Service. %n;lly Fals 2:& were "1’&’"1:& AL a i ¢ 100% 100 % : - -year earns res s 47 3 NatAmerco (2). and at maturity returns its owner its LT R e (R 1 DIVIDENDS. . face value. During the recent rears of 9 Kop) & C 55 '47.. 943, 4 4 e 4 |the bull market land values in_the " 2 i “| Corporation. d. § Commenwenltiy B 2343 9, | financial district have risen to as high Ut 42103 8 Mach & Pdry p T TR T 34 |as $800 per square foot, but this in- o Consumers Co. 62 8 6's | Crease was not spread among stock- 30 Gont, Chi Corp: ¢ [ holders, as were the gains in Stock Ex. 12 Continental Stel ctfs 3o |Change securities. The Real Estate Ex- 14 Cord Corp bt change invites real estate investment 4 capital to take on the more fluid form of listed securities and profit by the ressure of population on land, which steadily driven values upward for the last few years. The national annual average for 3 mcwmuhumnumhu i ,000,000,000 a year. s becomes a «| Vit &ed : ; uubl; krm (tn Dational g::nce. and s r 0 4 Tegare of as inguished LI (Wm 7)"Pte. Co. 28 /2| from building capital, indicates a spa 28 27 2 cious field for a national exchange, as % %6 63 Hib Spen B , 39 |this will be. However, real estate deal- 158% Middle West Ut (7).. 15 Mid Royalty cv pf 3. 8 Milgrim & Bros 8 Mo-Kan P L (b6 8 Corp Al 26 NatEl Po, A (1. 5 Nat Fam Strs (1.60). 24% Nat Fuel Gas (1).... 20 Nat Investors (new) ‘16 Nat Mfrs & Stores. .. Nat Pow & Lt pf (7). % Nat Pub Sv A (1.60). at Pub Serv B 1.60. at Rub Mach (2). 231 NatSugar NJ (2) 13 Nat Toll Bridge (A). 10% Nat Transit (11%).. 7 Nat Union Radio. ... 17 Nehi Corpn (1.30)... 23 Nelson(Herman)(2). 17% Neptune Meter (2).. % 2% New Eng Fueln 87% 69 New Jer Zinc ( 236, 127% Newmont Min (14) Pay- M Stock of 2! s g g 3 2 - 3 i og Ez O 2. corsarnsBeacSa@olocun ElfunuarmSoan 30 Cont. Chi .. e Do conv 'g'plz"o'v series of T Do e t ies of 10201 . Co 3 Curtis Lighting. 2Curtis Mfg Co. oozz;sz;lg_ 9992 a55aKT shares Corp A. Central PublicServ Corp At. o 53 Lx! e Gt Lakes Alrcri ., £33 H e Selecnaanaany T i g op sgufi" 55 838555 3 SEHEE w22 = peie 828388223 W RR AR F oy ouos H EHE b ..gw 53 m.u 5 828 2s3s3sessenss g 175 Dec3l Dec 2 eSS S a0 38 S o aba s R os alann 3 3! 2 g 5 S FREEE IS 4 iz BE SCors TR orp stand oI of Do’ stock. e - P TI=TN BANK MERGER RUMORED . IN BALTIMORE FIELD Special Dispatch to The Star. BALTIMORE, November 8.—Early purchase of the Century Trust Co. by the Baltimore Trust Co. is considered likely in financial circles here. Such a combination would bring together accumulated resources or nearly $100,000,000. It would not cause any surprise, as it has been understood the $100,000,000 mark was set as a goal to mark the opening of the Baltimore Th‘acgéltnev m‘?’f; bl‘l"l ingest ntury 8 you 44 institution of its kind in the eity, but | Iw—Withon Henats, in its eight years it has accumulated - assets of $17,085,051, according to the NEw YDRK COTTON. 22882, SEsEEE WO SOVLVONE ¥ ‘Eil!::- oo NS LEEEaSE e . S8aEklas & : R B sz o S 3 = B e saguaeLay 3 Rt P e et it iR S b 4 4 .es 38% 4 4% Outboard Motor (B). by~ 24% Pac G&E1 1st pf 1%. 24% Pac Pub Serv (1.30). 124 Pac Western Oil.... 3% Pandem Oil. 3% Pantepec Ol 6 Param C Mfg (2.40). 58% 44% Parke Davis (11.40). 26 15% Parmelee Tran (1%) 44% 20 Penn Mex Fuel (1).. 02 Pen Oh Ed pr pt (7). 230 15% Pennroad Corp... 70 Penn W& P (2% 258238382 220 o S & PR 8 laden Con M urmeis & W _6s I EbEpiEsn ey 5arsss - one 2 e B88 B2 wenbEEE. EEeveer SIy seavE - 1ppo! Pw 6% i russia B 8 6s ‘43, 83 " masta Trot s 500 adv Un Bt W 6s A 47 W 8634 0 orBoneESosuan aeoe . +Or 3-32 of 1OF 3-64 of i0r 212% fOn a the 1 Mory 3z Mun ar kegon Mot A B 9 3% 3% 2% 2% 9 9 9 9 18% 19% 18% 19% 8% 9 8% 9 10 Perryman Electric. . 17% Petroleum Corp. 4 [ June statement. Capital stock 1s $1,000,000, with & surplus fund or - rities, indicates: tl“1’. The recent drastic decline in stock prices was not warranted by funda- cental conditions. 2. The recent substantial easing in money rates, with a somewhat addi- tional lowering of rates in prospect, is reassuring. 3. It is quite freely admitted that the 1 consequence of the recent market break cannot accurately be appraised for some time—probably a fortnjght at Jeast—and that some unpleasant dis- :lbol'm“ are not only possible, but prob- e. 4. The general business hesitation, or minor recession, is expected to continue for several months, although no sub- stantial business liquidation, such as would mark a genuine business depres- sion, is anticipated. 5. Investors who are holding recom- mended stocks in a well diversified list on an outright basis should not liqui- date, in the opinjon of the large ma- jority of the advisory organizations. New commitments are quite generally advised, but such advice is tempered with caution, generally leaning toward the advisability of making new pur- chases gradually and on a scale down, with a goodly proportion of one’s avail- able funds, but on an outright basis. How long will an automobile engine run continuously? This question, never raised seriously in the United States, is being answered in Berlin, where a Chrysler car started at 5 p.m. Septem- ber 25 on a non-stop motor endurance test at a track near the German capi- tal. Already it has gone more than 32,000 miles, or better than seven times the distance between New York and Berlin, and is still going strong. ‘The car has heen running in all kinds of weather and has been under the direction of several noted German automobile experts. It is understood that the car will continue just as long as the motor will run. Whether that | means another week or month or yur‘ is the question. ‘To take a stock car, keep three Ger- man teams of two men each driving six- hour shifts and not allow any stop of any kind except to change teams, re- fuel and take on water shows the power of the modern engine. Already it is far in the lead of all previous records. (Copyright, 1929, by North American News- paper Alliance.) WHOLESALE PRICES. By the Associated Press. Last week’s record of wholesale prices, ag’ compiled by the Census Bureau, registered a continuation of the slug- gish decline that has been in progress for several weeks. Figures which follow give the index of wholesale prices for the period, constructed by using 1926 average wholesale figures as 100, and for comparable weeks, together with figures for a composite ton of steel products marketed during the same 189 108% 1 3027% 104% 92 2 Derby Oil & Refin, .. 390 Deere& Co (6)... 5% Detroit Alrcraft Cor. 9 Dix Gas & Utilities. . 16 Doehler Die Casting. s Dolores Esperanza. . 19 Douglas Afrcraft. 5 10 Eastern Util Inv A. 10 Eisler Elec Corp..... 50 El Bond & Sh (b6)... 00% El Bond & Sh pf (6). 75 El Investors (b6%). 96% El Investors pf (6).. - 5 101% 101% 101% 1 it 13 26% 380% 26% 22% 21% 15 Kl Pow 16 El Pow Assoclates A 10% ElP & L opt war.... 98% EIP&L2dpf A (7). 3%. El Sharehold ($1)... 45% El Sharehold pf (6).y 85% Emp G F cum pf(7) 25% Empire Pow pt (2). % Engineers Gold. - RAOH R EHRANHER BRI RS ] ZornlBiua 9% 9 8 102% 102% 102¢ 15 75 14 121% 128% 117 17 8 1 24 3 1 4 49% Eureka Pipe Lin 508 9 Evans Wallow Lead. 6 Fabrics Finishing. 1% Fageol Motor. 62 Fajardo Sugar, .10 Falcon Lead.. 8 Fansteel Products. . 35% Fed Screw (13%) 25 Federated Metal 21 Fiat Stkdebrts..... 20% Fiat Stk deb rts rets. 7% Finan Inv N Y (b8) 40 Firestone T&R new .20 First Nat Copper. Florida P&Lt pf (7). 8 Fokker Aaireraft.... 10 Foltis Fischer Corp. 15 Ford Motor Can A 10 Foremost Dairy Pr. 15 Formost'D P pf 1.60. 4% Foundation For Shs. 20 Fourth Nat Inv. 10 Fox Theaters 35 Fren Line B (2.54). 19 Garlock Pkg (1.20).. t ne 50 General Bak pf (6). 36 Gen ElGermrets.... 7% Gen E Ltd rcts (50¢) 31% Gen Empire Corp.y.. -13% Gen Gas & El1 A.. 10% Gen Lau Mch (1.60).. 45 Gen Print Ink (2%). 80 Gen Pub Serv pf( 11 Gen Rity & Utilit! 68 Gen R & Util pf (6).. 25% Gen Theat Equip vto. 80 Glen Alden Coal (10) 13% Globe Underwriters. % Gold Coln...... .16 Golafield Consolidat. Gold Seal El n 3 Golden Center. 35 Goldm Sach TC (b8 57 Gorham Mf vtc (32 20% Gramaphone (2.19) A Suna - W 100 22% 23% 14% 29% 84 12% 1% 19% 5% 37% 15% 42 21% 11% 8% 5% - T e A T T ® M ravaRuaBren vlaw 99 1% & 100 5 5 5 5 410 410 410 410 6 8% 6 8% 75 % 102% 17 01% 30% 26% 21% 99 18% 4% 86 39 1 29 30 111 1 15 * 16% * 4 Philip Morris Inc. . . 10 Pick(A)B&Co pf 1 10% Plerce Govern (1%) 80 Pwr Corp of Can(4)., 60% Powdrell & Al (3%). 60 Pratt & Lambert(4). 1% Premier Gold (24c) 6% Prince & Whitely. 82 Prince&Whitely pf Pug SP& Lt pf (6).. 6% Pyrene Mfg (80c) 21% Quincy Mining. 10% Radio Product: . 9 Rainbow Lum ProdA 5% Rainbow Lum ProdB 1% Reiter-Foster (10¢).. 17% Reliable Stoes b1% .. 12 Reliance Manage. ... 714 Reynolds Bros Inc. .1 22% Reynolds Met (new) 30 Roan Antelope Min. . 18% Rockland L & P. 9% Rolls-Roy Ltd rct: 5 Roosevelt Field,Inc 2 ! Ross Stores, Inc 45 " Ruberold Co (4) 15 St Regis Paper. 2 Salt Creek Con (40c). 914 Salt Creek Prod (2).. 35 Schlet& Zanpf 3%.. 13% Schulte Real Estate. 4 Schulte Un 5c-$1 St.. 80 Sch Ube-$18pf (T)u 10 Setberling Rub (1).. 10 Selected Industrie 70 Select Ind 2d pd 4% 57% Select Ind pr (5% ). 414 Sentry Safety Con 124 Seton Leather (2) 16% Sharp & Dohm 3 Shattuck Den 48 Sheaffer Pen (13) 8% Shndoah Corp(b6%). 25% Shenan Corp pt (3).. 16% Silica Gelct........ 1 Singer Mf Ltd (30c). 20 Sisto Fin Corp. 20 SoCol Pow A (2). 5% Southern Corp...... 2 Southern Stores A... 12 Southland Roy (1).. 50 Spile-May-S pf (6%). 98% 1:;% 104% Stan Gas & El pf (7). 45 StOflof Ind (2%). 18 St Oll of Kansas. 29 St Oilof Ky (1.60). 49% Stand Pow & Li % Std Silver Lead 22 Suarrett Corp. '34% Starrett Corp p: 42 Stern BrosA (4). 22 Stein (A) &Co...... 16 Strombg-Car 11.12% 28 Stroock & Co (3). 5% Stuts Motor Car. 16 SunlInv.... 34% Sun Inv of (3) » 1 - e - * ] » & nv. Sec Inv et § Nat " Standard. 0. Polymet Mfy 26 Brocess Cord 1Pub Ser Oats pfd. Q'R'S Music De Viy ‘20 Railrond Shares” Corp 9 per Maid Corp. 1Sutherland pfd 6 Swift & Co 11 Switt Intl . 4 Thompson J 3 Time-O-Stat A .,.~ ECeE T i ump b Radio St 2 Wieboldt_Stores . 3 ith R SeEEHsyRNC . = 5 Yesterday’s New York Stock and Bond Averages. From the 5:30 Edition. By the Associated Press. STOCKS. 50 Indus- 20 = 20 Utill- ‘ml.'l‘.‘ m‘l’é’:! “Ie.'i.. $1,800,000 and $378,979 in undividea profits. Its deposits were $12,683,013. ‘The Baltimore Trust Co., which rep- resents the merger of several large and many small institutions, has resources of $80,631,960. Its capital is $4,250,000 and it has a surplus fund of the same amount and with $1,000,000 in undi- vided profits. Its deposits reported the last statement total $63,091,173. Markets at a Glance NEW YORK, November 8 (®.— Stocks irregular; profit-taking depresses leaders in quiet trading. Bonds irregu- lar; high-grade rails ease. Curb irreg- ular; Gulf Oil drops nearly 7 points. Foreign exchanges steady; Canadian dollar rallies 33 of a cent. Cotton glclur;mnrm ?b;es b:mi wvéorl;n. ady; trade buying. ee h;x'gerx; Bngum support. CHICAGO, November 8 (#).—Wheat easy; poor export demand. Corn easy; bearish weather forecast. Cattle steady. Hogs active and higher. RKET. CHICAGO, November 8 (#).—In the face of $10,000,000 additional loan of Government funds to the Montana Wheat Association today, wheat prices lurched heavily downgrade. A break of more than 5 cents a bushel in the value of rye did much to pull down the wheat market here, and so too did unexpected downturns in wheat quotations at Liverpool. The collapse of the rye market was due to apparent complete fading away of export prospects for the 1929 American crop of rye. Wheat closed nervous, 23; to 3 a bushel under yesterday's finish, rye, 314 to 37 down; corn, 3, to 1% off; oats at % to % decline, and provisions vary- ing from 7 setback to a rise of 10. Y 2 sgs EEEC ¥ ESSEEE 288 i LARD— November ember January . NEW YORK, November 8 (#).— Copper, steady; electrolytic spot and future, 18. Iron, steady; un NEW YORK, November 8 (#).—Cot- ton opened steady at an advance of 18 to 27 points today on further covering and buying stimulated by relatively steady Liverpool cables. Washington advices quoting the head of the Fed- eral Farm Board with reference to cot- ton and wheat values also came in for bullish comment, but the advance met considerable realizing and some South- ;m ;ellmg. lng &tver selling up 17.51 or January, a e opening, the price re:;:éedmm 1741, T erings were not heavy, however. and the demand ¢ontinued in sufficient volume to steady prices and hold the met .blg;ll';als w'alo points above yes- y's cl g quotations at the end of the first half hour. Much of the trading was attributed to evening up commitments in preparation {;3:1 otchke Government crop report at 11 COTTON REPORTS. By the Associated Press. A cotton crop of 15,009,000 bales this year was forecast today by the De- partment of Agriculture. The Census Bureau announced that 10,889,314 running bales of cotton of the 1929 crop including 368,751 round bales counted as half bales had been ginned prior to November 1. CHICAGO DAIRY MARKET. CHICAGO, November 8 (#).—Butter —Weak; receipts, 8,868 tuhu[;ncmmery extras, 41; standards, 39%5; extra firs 39% to 40%2; firsts, 3715 to 381%; onds, 36 to 36%>. Eggs—Firm; receipts, 1,159 cases; extra firsts, 50 to 52; graded firsts, 47 to 48; current firsts, 40 to 44; Sxiras, 40" o 103; veiriberin Ay 3 ; refr: 3812 to 39. § e RAILROAD INCOME. NEW YORK, November 8 (#).—The September net- operating income of class 1 railroads was below that for the corres) month last year, the Bu- reau of Railroad Economics ' reported y. The figures: 1929, $133,898,013; 1928, $134,491,318. Figures for the first nine months, however, showed a sharp increase, the aggregate up to Septem- ber 30 of this year being $960,078,699, as contrasted with $820,572,952 in the same period last year. — BALTIMORE STOCKS. BALTIMORE, November 8.— Speclal Dispatch to The Star. 30 Arundel Corporation. 134 Baltimore Trust Co. 295 Black & Dec! In Nearby Virginia Prudential Insurance Co. ’ Commonwealth Investment Co. || 917 15th Bt. N.W. Phene Natiena! tezs BUILDING ASSOCIATION- Tth St. & La. Ave. N.W. 63rd Issue of Stock Novw. Open tor S ubscription Shares of Stock, $1.00 Each Payable Monthly . JamesE. Connelly James F. Shea President Secretary Fiortgage ' 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 3600 Mortgage Loan Correspondent New York Life Insurance Co. No 3rr.ors March 15 —if you know Income Tax Law and Procedure. Special 24-lesson course for Busy Business Men— taught by a Tax Specialist. 3 spot and nearby, 39.62; future, 40.00. Lead, 3 spot, New York, 6.25; East St. Louls, 6.10. gum; East St. Louis, spot and future, .25. Antimony, 8.50. National Steel Co. NEW YORK, November 8 (#).—The National Steel Co. has been incorpo- rated as howlzg mp-.n‘vl for certain subsidiaries of M. A. Hanna, Great Lakes Steel and the Weirton Steel Cos. T e All Commodities. Steel| 494 250 GrA&PTnvis).. 1265 265 Week ending Nov. 2. 93.7 $36.09 | i17% 114 Gr A &P Tea pf (7). 10s 115% 116% Preceding _week. . ¥ 3616 68% 31 GraymurCorp...... 4 36 36 Same r.....979 3573 106 61 " . . uardian Invest.... Atlantic Midland Corporation. 30% 15? gu:;ngfr :.l.,-_v i “1' ‘g':“ 1§=u l;g 13{ NEW YORK, November 8 (A)—The | 209 Y% Guif Oll of Pa (1%). Atlantic Midland Corporation s been | 35% 16% Hall Printing(t1%). 3 20% 24% 23 23 chartered in Dover, Del., with a capi- 5% 3 H'dPageppf(i%c).. 6 3 3 3 3 talization of 7,000,000 common shares 5% 1% Hap C A (b1.40). 1 2 2 2 2 83% 8% Trans Air Trans... 48 deal in stocks and bonds. 29% 14% Hartman Tobacco. 2238 2¢ B M 3 Tran-LuxDLPSA. 24 l:g'& li:% 2 89 Swiss-Am EIl pt (6). 2 olw e1% 61 61 45 ‘Tampa Electric (32). 1 50 50 50 50 Class Begins 5:30 P.M. Tuesday, November 12 STRAYER COLLEGE OF ACCOUNTANCY 721 13th St. Nat'l 1748 g S Bt e vate, PN NN A IB N OB e RS IR SRR AN B R RO ARD AR Ea RN AASINDS AOERARRARAD N W -