Evening Star Newspaper, December 6, 1929, Page 14

14 %ok FI D. C, FRIDAY, DECEMBER 6, 1929. TR GAS LI | TIGKS 0 HGIE 10 SEWI] SEEN T .':m.,.? i m-m': e i SiEme o S ; g D W gr ope R | s, “' “:“*‘"" |N AE"V[ MARKH 1 2 H . 4 S 244 26 Michigan Steel (13) .. 5 934 - 45% Southern Cal Ed (2). ::::'hh:-: &f.-';""' 3 E:I’.':{'::": :;:A‘R). 12 173 175% Mid-Continent P (3). 5. M_;'m Southern g.n.-m :;. ‘Adams Express cifs. Del Lack & W (11).. 148 1464 % Middle States Ofl ct.. 1% 1 w 1 | 1674 Southern Pacine (). . Do e LAl YEY: Minne&Hon Reg (14) 63 Spalding (AG) 1! it o o 2 13% Sparks Withngtn(1). Drug Coron (4)... Mo Kan & Texas. ... 3 20 Spencer Kelg(1.60) Dunhiil Inter (24.. Mo Kan & Tex pf(1). 3 3 2L Splcer Mg Dupont de N (15.20) Missourt Pacifle. ... 5% 80 % 38 Splcer Mg pf (3)..m Prbont a N deb (8. Missourt Pac of (5). 29% Splexel-May-St (3).. Durham Hostery Mohawlk C Mills (3)- 8 20 Stand Brands (1%) “ 8 e Monsanto Ch (k1% ). 8 Stand Com Tob (1).. Al Eastman Kodak(18). Montgomry Ward(3) 3% Stand Gas & EIl (3% ) Eaton Axle &S (3).. 5815 Stand G & E pf (4).. Eitingon-Sch (8%). 10 Stand Inv Corp (b6). Eitingon pf (63 > 2 613% Std Oll of Cal (h234) Elec Auto Lite 8 4 SunaciiNg Electrio Boat. % . T acees B El Pwr &Lt (1). ... bl i N 1% Stand Piate Glas: Bl Pwr & Lt of (7). sy 30% Starrett(LS)Co( 2 k i L B Murrany Corp (K8Ys , Endicott-John pf (7) Myer(FE)& Bro (3). Eng Pub Serv (f1).. Nash Motors (). Equitable BlAg(2%) Nat Acme (1%) Natl Afr Tran: General Electric Leads Up- turn—Other Issues Show Rapid Advances. Advance Rumley pf. Field Work Is Reported Start- ed on sw‘mo’ooo % Ahumada Lead. 77 Air Reductn (t4%).. Project. 8% 204 Alr Wal Bl AD(23). BY EDWARD C. STONE. Washington, Richmond, Norfolk and 80% Alleg Cpf (5% )xw.. other Eastern cities are specially men- | 354% 197 Allied Ch & Dye (c6) tioned in a proposed $40,000,000 project | 75% 35% Allis Chalm (n) (2). to carry natural gas from the West! 864 23 Alpha Port Cemt(3). Virginia flelds to the Eastern seaboard.( 42% 17% Amerada Corp (3) In outlining the proposal as it is being | 23 4 Am discussed in New York, the New York| 73% 18 Am Agricui Chopf... Times says: 15 Am Bank Note(f13). “Pield work is being conducted as a eto. . preliminary to the construction of two 40% Am Brake Shoe 2.40. large natural gas pipe line extensions 4% Am Brown Bov Elec. of the Columbia Gas & Electric Co. in Pennsylvania and Virginia, embodied in Am Car & Fav (6)... a $40,000,000 plan to move natural gas 27 AmChicle (121). .. from the West Virginia fields to the 20 Am Com Alco(c1.60) Eastern seaboard, it was reported in 18t Am Encaust Til (2). financial circles yesterday. 9814 23 Am European Sec... “The move will follow completion of | 199% 50 Am & For Power .. contracts between the Columbia Gas & | 108 10114 Am&Forn Pwr pf(7) Electric Co. and other large utility sys- [ 108 86% Am&For Po 24 pf(7) _ems, including the United Gas Im-| 42 19% Am HawatianS'S (2) 22% provement Co. and the American Water | 85% 40 Am Home Prod 4.20. 598 Works & Electric Co., it was reported,| 5¢ 29 AmericanIce (3).... 6 while the Columbia Co. itself is seeking | . 96% 29' Am Internat (32)... 186 43% franchises in many Virginia towns not |~ 8% 23 AmLa F&Foamite. 1 24 now supplied with gas. 136 90 Am Locomotive (8). 1 109% “Upon the closing of the proposed | 279% 142 Am Machine Co (17) 1 227 link with United Gas Improvement, !h; :‘;:: ge A= uwaa) 72 49% reports indicated that Columbia woul oy pipes capable of transmitting large | 175% 64% Am Pow & Lt (1 quantities of gas from its West Virginia [ 104 = 92 Am Pow & Lt pt ( fields to York, Pa., Philadelphia, Wash- | 84% 72% Am P&L of A st (5). ington and other Eastern cities, to be| B55% 28 Am Ra&StdSan1%. added to the manufactured gas supplies | &% 12 Am Republic. ... ki TN 44 Am Safety Razor(5). 7 % Am Ship & Com..... BY STANLEY W. PRENOSIL, Associated Press Pinancial Editor. NEW YORK, December 6.—The un- expected 4-for-1 stock split-up by the General Electric Co., one of America’ premier industrial corporations, turned the course of stock prices upward today after an early period of irregularity. With the exception of the tobaccos, Sterling Sec cv p: Which were heavy on the announcement Stewart Warn(j3% t of cigarette price cuts, all leading Stone & Webster (2 groups participated in the advance, the 8ains ranging from 1 to nearly 20 points, Loan Decrease. The decrease of $58,000,000 in Fed- (s Submarine Boat. 8 85% Sun O1l (p1). Natl Bella Hess(31). Nat Bisoult (173). P LS eral Reserve broker loans brought th Natl Biscult pf (7). 2 R Sotal to U ans g e Natl Castr Rog & (46 3 9 2% Symington. total to the lowest level in more than Fairbanks Co. Nat Dairy (32).. 1 15 Telautograph t o s ind just about half of the SRIFHARKS MOr ¢ R g 3 3 record-breaking figure established nine Fed Watr Ser A 2.40, 3 3 a9 " weeks ago. Call money continued to Fid Phen F Ins (2).. hold firm at 415 per cent, but bankers' Fllenes (ctfs). 5 ¢ 13 acceptances were advanced ' to 1 per Firestone T & R % i | cent. The recent change in the char- Firestone T&R pf(6) E Pac Land Tr. . acter of the money market was illus- First Nat Strs (2%). 16% Thatcher Mfg (40c). trated by the announcement of a 3's Fisk Rubber 29% The Fair (2.40) per cent coupon rate on the new Gov- Follansbee B 5 C 65 Third A ernment short-term financing, which Foster Wheeler (2) 3 o % N: E 2 42 10~y er ASS0. ... . contrasts with the rate of 51 per cent Foundation Co. Neisner Brothers. ... 74% Tide Wat Asso pf(6) in September. when the credit stri.- Fox Film A (4 Nevada Copper (3).. 85 Tide Water Ofl pf(6) gency was acute. Freaport-Texas (4). Newton Steel (3) 11% Timkn Det Axle 1300 General Electric, which sold as Tow Fuller pr pf (18.68) 535 Timken Roller (3).. as 168'4 in the November break, crossed GabsNBRaDA ) 1 ‘Tobaceo Products. .. 250 for a gain of more than 18 points 4 Gamewell Co () ) 3 i & St L (6). 1% Tobacco Prod ctfs. .. on the announcement of the split-up Gardner Motor. .. 4 'h! & St L pf(8) 5% Tobaceo Froducts A. and the proposed increase in dividend Other Plans Outlined. Gen Am Tnk Car($4) 9 . Dock...... 4% Top Prod ctfs A. on the 1fl"’ stock. Other electrical is- “Plans for Virginia include the laying ) 130% 62 AmSm & Ref (4). 1 Gen Asphalt (4) Y NH & Hart (6). 3% Tob Proddvetfs A :\ll;:h":‘ !.d‘,ln Ag‘n&p;:hv‘ ‘Westinghouse of pipes from Kentucky to Richmond | 138 123% Am smnmrm'?)). 3 35 ; Gen Bronse (2). H&Hof (T).. 3 Tob Prod dv ctfs B S A% pelnivio .v?;&pg::s ches serving| 49 88 Am Snuff Co (13%).. %4 2 GenCable.. A - ;2&:5":{‘5:1;]"m:nu‘x‘mzr?gme iraversed | 79% 35% Am Steel Pdy (3. Gen Cable A (4) ':W- ;:‘-;-cum":;';‘l-)l- i ;";;‘lng\f'mment advanced more than T e sy‘mzm'w?gshn ]x'rffig t:)"fm‘:}l)l' E 14 Truax Traer (1 15% hAmllsement shares, in which a large cm.:mg .‘1‘1'::";1:5 ‘as much as $25,000 a Am Sugar Rfg pf(7). 30% Tru. 2 4 :5 ;rgl;tl mwlr(e!i'thh.\.ldbee developed, rallied Tlle, the estimate of $40,000,000 repre- | 5 18 - AmSumatra (3)..... 6 26 g "l,.‘"‘h;: flII:! l;l;:‘ (:'). b ey .-g,r‘;:lmm’ i sents only the initial cost of creating | 310 193% Am Tel ¢ . <~ ne shr or more. A flurry of bu; also lifted the framework of the vast system con- TR ;}3.4 7 Union Bag & Paper. . ying 1 i | several of the New York traction stocks T adested 160 Am Tobacco B (+10) 59 .60) 82% e o Wil call | 121% 114% Am Tobaceo pt (8) 7 46% | UP 2 to 3 points. expenditure of hundreds of | 181 115 Am Type Fary (8). ';:l“:!:: n\":: a period of years, ac-| 199 60’ Am glur Wks (el cording to utility experts, who view the | 27% 5% Am Woolen plans to interconnect natural gas re- serves with large centexrs“:.lslngo;:merg:- e m - :xaocx:ulg:f ;fin;so?n:ss:nng a large re- | 111% 49% Am Zinc pf (6).... serve of gas capacity for industrial and | 140 :)n Anaconda Copr (1) business growth,” the New York Times gg“ 52 ::::‘“C?::er . concludes. Loca rs said today that In| 49% 181 Archer-Dan-M (3)... the evimfln::fl:fl gas should ever be| 95 75 Armour ml&l)u). 5 brought to Washington it would have| 18% EV. Armour s to be sold to the Washington Gas Light| 10% 2% Armour lll (B).. Co. and distributed through its mains. 86' No gas company would be allowed to| 40% 7% Cona lay Fival mains. It is not the first| 30% 201 ArtMetal (1%). time such a plan has been suggestea,| 58% 34 but the companies now mentioned a&s being interested have much more money than has been controlled by other util- ity systems. . Treasury Offering Announced. he effect of the stock market decline onTtn!:rat rates which the Government is prepared to pay on _n_lt.u secufl:y‘::m‘; s ted by the Treasury of , 74325,000.000 of mine-month 3% per 5% Aviation Corp. Del t certificates of indebtedness as a| 66% 15 Baldwin Loco (1.75). SOt of its December financing program. | 145% 105 Baltimore & Uhio (1) Bt O mber 10 this will be supple-| 80% 75 Balto& Ohio pf (4).. mented by an offering of about $100.- ( S0% 55 Bang & Aroos (3%) 000,000 of 90-day non-interest-bearing | 29% Treasury bills, the first issue of the kind 7 : since Congress granted authority for s Hiaves Hodv bb% 46k R s st ol 73% Beatrice Cream (4).. Helme (G W) (19).. trated by Rhe fact that the Treasury 1‘1‘5”“: 10‘;“ B _‘lrd‘lc; 5;::::’ :‘f':;) was forced 1o pay 4% per cont o | 84% 75 Belg Nat Rysof 5.4 L‘é‘é&f’m“&'}?&'fir “ynhile in June ol R S Sl ¢ % est & Company. it felt compelled to pay 5'e Per cent. 2| 1405 784 Bethiehem Steel (§). JUH O pe ten i oresn S chaue 128 116% Bethlehem St pf (7 an interest Tate on & comparative se-| 524 70, BonAmi A curity since September, 1927, when it marketed an offering of six months' certificates at 3 per cent. In Novem- ber of that year 33 per cent was of- fered, and on_offerings made on De- cember 15, 1927, and March 15, 1928, 34 per cent was paid. Beserve Banks' Discounts Drop. 9% 764 Bilyn.Man Te bt 6 ueens. . (Consolidated statement of condition O o of the leral eserve banl on - Gas (5. e Hon Tou Brums-Balk.Cors).. R Tttt feme 444 4% BrunsTer & Ry S. week of $40,000,000 in holdings of dis-| §3n 14 Bucyrus Erie (1), N Y Raflways pf.... Norfolk South (2% ). Norfolk&Wstn (112 North Am(b10%stk) North Am pf (3).... P BuunoawmwSaniiommn=S-n Gen Elec spec Gen’l Food Corp Gen Gas&El A ( Gen Motors pf (7) Gen Outd Ad vte (2). Gen Public Serv(b$) Gen Ry Signal (5) Gen Refrac (t4%).. Gillette Saf Raz(c5). Gimbel Brothers, Glidden Co (h2).. Gobel (Adoif) Gold Dust (234) Goodrich BF (4). Goodrich pf (7). Goodyear Tire (i Norwalk Tire & Ofl Well Supply. Oliver Farm Equip. . Olivr Fr Ep ev ot(3), Ol'vr Fr Eq pf A(8).. Omnibus Corp... Oppenheim Col (5)..: Otis Elevator (18). Otfs Steel (234)..... Otis Steel or of (7). . 5 222 Pools Again Active. y Uta AireraiaTrans. 221 40k | Alted Chemical was marked up 121 3 . L it ints and Brooklyn Union Gas, East- 444 Utd AlroraftaT pfs. 6 5| man Kodak, Erie Railroad common, 54 |American & Foreign Power, Columbian s | Carbon, Standard Gas & Eiectrie, In- ¢ femational Harvester and _ Western Upited Cigar Strapf. 8 31 e elr_early gains to 5 Owens T11 Bottle(c4) Uta Corporation. ... 2114 35% | Polnts or more by early afternoon. Pacific Gas & £ (3).. 42% Utd Corp pf (3). 4 4715 | Pools were again active on a large Pacific Lighting (3 7 Utd Frai ! 110 |Scale, particularly i the publie utility e T Bacifio OIT stobs 3214 frvup. short-coyermg also was a big sl AL Packara Mot (11, 97 actor in the day's advance, as a large e g . : 2 16% Utd Piece Dye Wk 25y [ short interest had been built up in b <ot 5 2 PanhandleP & R : 9 6% United Stores A..... 8 78 | many speculative issues on the theory Granby Copper (8).. Panhandle P& Rpf. 1 20 Utd Stores pf. 2314 | Shat the markes was enittios to'at Ioust % Grand Silver Stores. Paramount-F-L (3). . 9 USDistributing. ... 17% | & technical reaction. Grand Stores (o1) Park & Tilford (33). 2 17% US & Foreign Seour. 7 24 —e Grand Union. . . Park Utab.........0 98% Grand Union pf (3). Parmelee Trans 1% . 19% TEN NEW molm e Granite City Stl (4). Pathe Exchange. ... The Roanoke shops of the Norfolk & Western Rallway 'ffl.bufld 10 new large Grant (W T) (el)... Pathe Exchange A. .. Grt North pf (5). Patino Mines (3.89). Mallett freight locomotives, eomm morn than $1,000,000. Construction will star: early in March. In addition to the lo- comotives 10 new 21,000-gallon tenders will be built. o5 Atlas Powder (15’ % Grt North 5)es Auburn Auto (34) ot et (5) Grt Nor Ore (a1%).. Grt West Sug (2.80). Grigsby Grunow (3). Guantanamo Sugar. Guif Sta Steel (4) Gulf Mo & North. Peerless Motor Car... Penick & Ford (25¢) Penney (J C).. Pen (JC) pf A (6§ Penn Dixle Cement Penn Dixie Cemt pf Pennsylvania RR(4) People's Gas Chi (8). Pere Marquette (13). Phelps Dodge (3 . 'h! U S Leather pr pf(7) U S Pipe & Fary (2). - I SetauanBranan 40% U S Rubber 1st pt... 29% U S Smelt Ret (3%). 160 U S8 St 187 USS 66% U 8 Tobacco. . 25% Univ Leaf Tob (3).. 3 UnivPipe & Rad.... 24% Util Pwr & Lt A (e2) Philip Morris (1).... Phillips Petrolm(2). Plerce-Arrow A. - Goes Hand in Hand With FIRST MORTGAGE NOTES Hershey Ch pr pf(6). Holland Furn (e2%). Houdaille Her B(2).. H’hold Fi ptf $3.2214 Household Prd (14). Houston Ofl........ Howe Sound (14%). Hud&Man Ry (3.50). <33 Vick Chemical(23% 3% Virginia-Car Chem. . 15 Virginia-Car 6% of. Virginia-Car pf (7). an aelunnSamSnandBandunlovaniacas Pittsburgh Coal. Pitts & W Va (6).. Poor & Co (B) (2). Yielding P Riean Am To (B) Waldort Systm (13%) Walworth Co (2). i Y 5 U ' Ward Baking B..... o rd Baking pf (7). Warner Bros Pic (4) 25% Warn Br P pf(2.20). Warner-Quinian (2). Warren Bros (19)... Borden & Co ( Borg Warner (4) Boston & Main 84 Briggs Mfg. . Briggs&Stratton(2). MT ARG e e - Illinots Central (7).. % Independ O1l & G (3) Return of interest and prin- cipal on our carefully selected L R and managed investments 'ul ive D . v ine-lil - ;uh v zac pf‘(")” 3 {8 9 lc:rr::;s with machine-like regu uliman Corp ( . Y 3 fRIMEEIBIGRI ) Punta Alegre Sugar. 3 3 Inspiration (4). 3 = | Consult Our Mortgage Dept. Insuranshares. it g s - | Intercontinentai Rub T | - counted bills and an increase of $20.- | $a" 3w Bucyius oy of (25 Interboro Rap Tran, Radio Corp. ... I l SHANNO"LE‘LUCH S Il 1435 K St Nat. 9345 N PO — ), 000,000 in United States securities, With | 95 9 Budd (E G5 (1%)ene. IntARcienltuial. Radio pf A (334) 1 little change in holdings of bills bought | 325 gy Budd Wheel. | - " Intl Agri pr vf (1) e it in_open market. 2 54% 25 Bullard Co (12). 32 3 Intl Bus Mch (6) allway Sl ()., =i Member bank reserve deposits in- | 35.. 51 Bulova Watch (3 int) Cement (4. RR BTG steCle, creased $25,400,000, cash reserves $4.-| 39" 593 Burns Bros B. Int Combustion. Ra. ,h.""_Mmu,f.; 100.000 and Federal Reserve note circu-| 963, 29 Burroughs AM Inti Cmb Eng pf (1). 7 lation $8,300,000, while Government de- | gg,; 31y Bush Term (g2).... 2 intl Harvester (234) posits declined $10,500,000. Total bills 15 2 ButteCop&Z (50c). 12 3 Int Hydro El A (e2). .rx‘m ucun:.les were :l::efl‘?ggo below Butte & Superior (2) llnu um.:‘h |f :‘:). d- -d the amount reported & w 0. utterick Coueaeneas 2 nt Mer Marine etfs. In “al The drop in brokers’ loans for the = VI Needs A security that is a good investment for one individual may be an unsuitable invest- ment for another. One of the important serv- ices an Investment Banker gives is to assist the investor in determining what securities lre:d:ut adapted to individual needs. Pub Sve NJ (3.1 Pub Sve NJ pf (6)... = oo X Industrial Rayon. Ingersoll-Rand 173 . Westvaco Chlor (2). White Eagle Ofl (3). 27% White Motors (2)... o 27t WhiteRock M 8 (4) . 7 i 1te Sew! . Repub Ir & Steel(4).. 25 12% Wikcos O AGan Rep Ir & Stl pf (7)... 19 Wilcox Rich(A)23.. Ravare Cop&B 2 12% Wilcox Rich B (3 Reynolds Tob B (3). 109 Pt 6% Wilson & Co A Richfield O11 (2)..... b3 Rio Grande O1l (k2). .52 P LA Int Nickel of Can(1). week of $58,000,000 caused general sur- 20 By-Prod Coke (1)..s Intl Nick Can pf (7). prise among brokers in this city. Thel gy 631 Calr Facking (4)... Intl Pap & P A(2.40. conclusion is drawn that by far the, 3gy, 731 Calumet& Ariz (10). Intl Pap & Pwr B. larger amount of stock buying in Wall| "gy:0 25" Calumet & Hee (4%) Intl Pap & Pwr C.... Street at present is by outright pur-| 49i; 20 Campbell Wyant (3). Intl Pap & Pwr pf(7) chase instead of on margin. 98% 45 Canada Dry G A (6). e ;nll Printing Ink (3) B2% Wool: th (2.4 265% 189% Canadian Pac ( . ntl Rys Cent Am... % & WPt .40)... USSR SO-—— 48% 2% Cannon Mills (2.80). Intl Shoe Co (3).... i g o 1 i 43 Worthington Pump.. Peoples Drug Stores preferred was one | 65w 17 Capital Adm (A). ... Int Stlver (18). - ; 75 Worth Pump A (7)., of the most active issues on the Wash- | 39% 29 Capital Adm A p£(3) Int Tel & Teleg 4 65 Wrigley Wm (4).... ington Stock Exchange today, scoring a | 467 130 Case (J 1) (6). .o Inter Dept St (3).... S 7% Yellow Truck &C... substantial advance on the present| 60 56 Caterpillar Trac (3). Investors Equity(3). 33% Young Spring (3). move. The stock opened at 109 ex-divi- 31 Celotex (3) . Island Creek Coal(4) 91 Young Sheet & T (5) dend, well above the last sale. It then 27% Cent Alloy Steel (). iyl e 10% Zanith Rudte 2. .. sold down to 108, but was still strong, 52% Cerro de Pasco (6).. Johns-Manville (3) R s RI the day's sales reaching 85 shares. 2 1 Eilil S Jordan Motor Car. 8 LR . nmmf_‘;" Capital Traction was up fractionally ¥ Ehec Siihs < ). - e ol today, 60 shares changing hands at 75%. Cisose ) Kan Gity Bou pf (0. i Bucyrus’ Kris Deo 30 Merchants’ Transfer & Storage pre- Kaufmann DS (1%) & Col. Carbon. - Mar. 11 ferred sold to the extent of 20 shares at * 10% Det Ed . Dee. 100, while the common sold at 111. 1 — Potomac Electric Power 6 per cent Sharp & Dohme..... 2 p;eferredr ’?r&e oluz at 108 /2 Forty o 78 3 " s..:.!'uex (FQ) (1).. 26 shares of National Mortgage & Invest- 75 Chicago& N W (5).. K U Shell Unfon (1.40)... 45 ment preferred moved at 3%. In the| 'eys' 47 Chi Pheu T bf (3%). Kennecott (5)...... Shubert Theatres.... 2 4 e Ty o S bond division trading was confined. to 0L ChiR Kimberly Clark (73). Simmans Co (g3 1 475 + 5 484800 ty ane uburban 5s al and 82 27% Chick: ney - Simms Pet (1.60)... 2 2 e s and Wasningion Gas 66, seres 5. Kolster Radlo, - Sinclair Con O11 (5. 168 Dayments Sased an the Tty I AR0TS,table are the annuai ‘Was announce e financial - Skelly Ol (2)..... *Unit of tradi thi 1 1 trict today that J. Burton Kimberly, Kresge(SS)Co(1.60) s € oEhus si"th Sidlerreg Shoct formerly in the securities business in i © 3 e . 4% 1 eni s 1210 orelerreg giot ess (8H)Co (n1). 8 & 1 ot this city. has joined the sales force of | cuger& Toll(1.34) 100 25% 254 2 3 o P 10% 0 ctoek© eFicn o R Crane, Parris & Co. Kroger Gr&Bak(el). Lambert Co (8) Lee Rubber & T We will be glad to re- view your list of holdings and submit our recommendations. STROUD, KURTZ & Co. | Incorporated TRANSPORTATION BLDG. WASHINGTON Seaboard Air Line pf Seagrave (e1.20).... 2 Sears Roebck (33%). ;: 6% FIRST MORTGAGE 5 39% City Ice & ¥ (3.60).. 74 City Stores (1). 116 35% Cluett Peabody (5). | 10 Collins & Alkman. .. 27% Colo Fuel & lron 86% Colo & South (3). 52 ColGas& El (3).. 99% Col Gas& El1pf A 6). Inpr 6% 967 " | o atock. "k Piia} 5s% "a barein stock e Blus's Selay Awv IR v VNS il 172801 'a share in’stock: e the accounts of the General Motors As- Institute of Food Distribution, and the Washingion Ticker cipunce Corporation as they are run- | membership of which, ranging from ning now, there isn't any sign of a re- cession in business chain stores through canning and meat- o doubtful credits. 1 tink har 5y | pack: 0 1 5a 3 ; nk that by | packing concerns to farm organigations. | 000,000, o a2 BY CLINTON COFFIN. March dema ha i I e Assoctated Press Financial Writer. nd Vil have caught up|maintains a staff of economists to study - 825 With restricted output and that the in- | sim 36 35 3 3 g hose elevation to| dustry will be expanding production | Markets and nothing else. TREASURY CERTIFICATES. | 75" Z5u Comi Inv Tr (£1.60) % 37% Link Belt (2.60). .. h"“'l’)': Ly u’k":;!;m‘ c;:‘:m.mmp again.” R DeoucHn S on INGT RS ERD d important food (Reported by J & W. Beligman & Co) | 3 20 Comm Solvents (1) 2 the 'mocratic Lia Carbonie (t4%). - b B Do g Bid. 4% 10" CommaSo(bb%stk). 400 " ne (1% hasn't served to make him abandon his | Mississippl flood control plans, espe- | ¥88 0 DY larger supply in the United § ; 4 $10,000,000 Budget. i lqgtt;EgidYORK, r?egmb'r 5 (#).—The | udget of the St. Louis-San Fran- 2% Col Gas&E rcts ptpd. cisco Railway will total more than $10,- :s: Columb Graph(87¢c). 1115 Loew's, Ine (13%).. 15, if 18, 13, 1932 15, 1 15, (Reported by J. & W. Seligman & Co.) Bid. Offer Allis-Chalmers Co. 55 1937 01 of a 55 195° Corp. 5'as 1938, t. Rwy. 4'is 1930 wy. 4155 1935 hesa. 10 Rwy. 445 1930. Chicago Rock Island 4s 1943... Chile, Copper Co. 55 1947 oo Cudahy Packing Co. 5i:3 1937 9 Delaware & Hudson Ry "s 1930 101 n 11 Congoleum-Nai 6 5 4 LoftIne 43 Cong Cigars (16% 40 Consol Cigar (7). 10 Consol Film (2) 154 Consol Film pf ( 80w Consol Gas, NY 924 Consol Gas of (6) 45 Consol RR Cub of(6) 1 Consol Textile.... . 12 Container Cor A 1.20 3% Container Corp B. .. 254 Cont) Baking A 4% Contl Baking B 7914 Contl Baking of (8). 48 Contl Bank (120)... 40 Contl Can +2%) 20% Contl Dia Fiber (21 46% Contl Insurance (2) 6% Contl Motors (80¢).. 18 ContiOtlof Del.. .. 70 Corn Prod Refin (14) 204 Coty Inc (&2). ..... 24 Cream of Wheat (2). 17 Crossley Radlo (31), Loose-Wiies (260} . Ludium Steel (3). McCall Corp (4). MeCrory B (2).....0 McKeespt T P t4%.. McKesson & Rob 2) McKes & Rb pf(3%) McLellan Strs A 2.20 Mun Elev mod (45).. Man Shirt (3).. Maracaiho Ofl Exp. —r wio place on the directorate of the General Motor Corporation or to terminate his great industrial interest, watched yes- terday’s national business conference from the side lines with obvious interest. “You know, one of the things that pleased me most was the fashion of President Hoover's reference to possible forel stimulation and the emphasis he placed on the advisability of looking for increased American sales there only as an incident to the increase of pros- rity abroad,” he commented. “That Etxsctly the point that interests au- tomobile producers in their relation to export markets. I look for this coun- iry's exports of automobile goods, great though they have been, to mulllgly about five or six times in the next five years, but it will be because wealth abroad is increasing and buying power is 1ncrmlnf. “The world is probably going to mo- cially in their spillway features, are en- countering a lot of obstacles, it appears from presidential messages' and wusi- ness organization resolutions. An American mining congress session, now progressing in Washington, has been drawn into the controversy, because of the protests of the natural gas industry, which adds one more item to the tangle that engineers and administrators must unwind before the control construction can proceed with a full head of steam. Ifil{hllnl has developed one of the world’s most important gas deposits in the Monroe fleld., the mining congress data says. and th& Jadwin flood control plan calls for locating an immense spillway, with a flood channel several miles wide passing over the gas well area. While the flood water would use the spillway route only during the tem- porary flood crest perigds, the outlook for the wells surviving the water isn't States than could be expected to be consumed during the 8 or 12 months of distribution ahead,” Gordon C. Cor- baley, president of the institute, said. “Less than 10 per cent of the country’s food volume was in short enough sup- ply to develop price levels more than a minor percentage above relatively low prices of recent yeaxs, Since food production, as to the bulk of products, is a Summer matter in ‘the United States, Mr. Corbaley added, the stocks on hand this season have to rep- resent the supply for nearly a year ahead. The institute's research dis- for food, but, on the other hand, finds that retall food sales for November are greater than those of last November in tyvoical city areas. . POREIGN EXCHANGE. closes no falling off in retail demand | NOTES —in convenient denomina- tions, secured by carefully selected, conservatively appraised residental and business properties in the District of Columbia and nearby Maryland. We offer the facilities of a competent organiza- tion eager to counsel you in the profitable placing of Market St Ry....... 37% Crown Cork & Seal 1 Market 71 Cructble Steel (6) % T Bl Mariin :;:’:yn‘v':;') 106 Marmon Mo 1% 2% 2 1eson Al 10 10% ifay Dept Stors 7 9 Maytag Co (12) ‘:‘2”- ::lylu Coof«3). . 4 aytag Co 1st pf(§ 2 116% 1164 116% Melv! ! 18 g A A 1116 Shoe (1.40). 8% 9 Menge Cc B0 19% 18 184 M-trefluloa":;.:wl‘:)’. 1 88% 88 88k i Mexican Seaboa torize as the United States has done, |exactly good Tt t of other | (Quotations furnished by W. B. Hibbs & Co. your investment funds. but that won't mean that American fac- | property" i land aqd- builitags. which Nominal n‘xg‘min;:‘ Sheers | torles are going to supply the greatest has the same hazard to face, and that London, pound ity o 3 art of the new machines. In my opin- is why President Hoover is holding back | Paris. franc on, there will be growth of the industry | further action on {he spillway. features | B H. L. Rust C abroad, but the increased use of cars|of the flood control copstruction. . ompany 1001 15th Street N, W. Nations! F100 Established 1889 » o and trucks abroad will always give Z American enterprises some increased| Food stocks of all types in the United R demand. States at the beginning of the present | }{d! “Our domestic demand is off right | Winter are such as to give the hest bal- now, but somewhat less off than people | ance as between supply and ‘' demand think. There has been a lot of eriticism | that has been enjoyed for several years. | &1 of installment selling, but looking over|This is the conciusion of the American Festern Electric Co. 55 1944, .. 1 Wheeling Steel Corp. 5'2s 1948. SunoanruoleZeluniBirniRanuanns . S