Evening Star Newspaper, December 7, 1929, Page 23

. FINANCIAL, CURB ISSUES POINT 10 HIGHER LEVELS General Price Movement Is Irregular as Profit Tak- ing Appears. BY JOHN A. CRONE. Bpecial Dispatch to The Star. NEW YORK, December 7_—Curb | #tocks moved higher vigorously today as buying orders poured into the market. The utilities led the market upward. ‘They were followed by the oils, trading companies and a miscellaneous group of industrials. General Electric new, resulting from the four-for-one split of present out- standing shares, was the feature in point of volume, while such utilities as American Gas & Electric and American & Foreign Power provided the wide advances. Cities Service furnished the | biggest block of stock as 11,000° shares changed hands at 304, up fractionally from the opening price. Shorts in Fox Theaters A, who sold stock in the expectation that Willlam Fox would lose complete control of his Nation-wide theater chain, had a rather uncomfortable time the first hour today as they sought cover, bidding up the stock at one time about a point. Associated Gas & Electric was active following the announcement that the $8 interest-bearing allotment _certificate subscription rights, scheduled to expire December 16, were to be extended to a time which will be fixed at a meeting of the executive committee next week. Pennroad Corporation also caused the shorts to shiver. The Interstate Commerce Commission’s recommenda- tion to Congress regarding holding companies and their probable effect on the general rail consolidation did not unloosen Pennroad stock immedi- ately, while its purchases into New E‘glund roads caused buying to come it. The Goldman Sachs group opened indifferently, but attracted attention as trading progressed. Marine Midland Corporation, which has climbed stead- ily, pointed higher, as did Lehman Corporation and Corroon Reynolds pre- ferred. The aviation group, by its general ‘weakness, furnished a sharp contrast to most of the list. Mining shares ‘were mixed. STOCK SPLTI PROPOSED. NEW YORK, December 7 (&).— Stockholders c. the Midland Steel Products Co. cn January 20, will vote on proposed changes in the capitaliza- tion calling for the creation of 100/000 shares of $2 non-cumulative no par sec- ond preferred and 250,000 shares of no | par common. It is also proposed to exchange the new stock on the follow- ing basis: One share of 8 per cent preferred and two shares of new common for each share of the present participating pre- ferred and two shares of the new sec- ond preferred stock and one share of the new common for each share of the present common stock. Honor Author of “Mme. Butterfly.” VIAREGGIO, Italy, December 7 (£).— A monument is to be erected here to the memory of Giacomo Puccini, com- poser of “Madame Butterfly,” “Tosca,” “La Boheme” and many other operas. A committee will seek to induce the gvav;mn;;x‘atlm chmooseh it for fl:zhe 1{nuanll um for which a of $8, has been offered. = . R —— NEW YORK BANK STOCKS. NEW YORK, December 7.— Bid. Asked. w750 Bank of Yorktown. Broadway N boes Phoenix Chelsea Ex er ri T e Columiby Commercial | Contine Fifth Ave. First Natl Grace ... Harbor '8t Tnion (B ash Sa n World Exch. Yorkville . n Guaranty . Interstate . Int Gern Int Germanic Ltd ving_new s Times " Square. Title Guaranty i Trust Co of North Amer United States A SHORT-TERM SECURITIES. (Reported by J & W. Seligman & Co.) . Ofter. Allis-Chalmers Co. 5s 1937. . 1 101 Aluminum Co. of Amer. 5s 1962 l";Vc 10214 er. Rolling Mills 5 1948 s 989 Armour & Co Del. 5125 1943 86'c 87 Balth o 418 1933 . 991, 991 an Pet 'dp 4ia8 93 of Canada 8s 1957 00 a Pet 3 Packing ‘Co. re & Hudeon Ry EL 11 on 4 1947, . Yo 5lax 1937. 95 175 1830 101 37 100 Corp_ Stae 1981 |, rion Ol Co. 38 194 Yesterday’s New York Stock and Bond Averages. 5:30 Edition.) 2528 1 13 117, ares. NEW YORK CURB MARKET Stock ana . Dividend Rate. 5% Aero Sup Mfg. B.... 14% Aero Underwriters. . 17 Alnsworth Mfg $2%. 3 AlrInvestorsvte.. 2% Alexander Indust 10% Allled Mills, Inc.... 146 Aluminum Co of Am. 103 Alu Coof Am pf(6). 99% Aluminum Co.. Ltd 5 Am Br B El 1d shs. .. 29% Am Cit P&L A (a3).. 10 AmCP&LB (b10%) 18 AmCom P A ($30¢). 22 Am Com P B (130c). 19% Am Cyanam B (1.60) 29% Amrad Corp (1) 10ix Am Solvents Chem. 254 Am Sol Ch cv pf (3) 15 Am Superpower 85 Am Super 1st pf 8 Anchor Post F (2) 13% Anglo-Am v cod 3 11 Anglo-A n v cod 35¢ 15 Anglo Chil Nitrat 8 Arcturus Rad Tub 3% Arkansas Nat G 614 Arkansas Nat G: 514 Asso-Elec Ind Ltd. . 854 Asso GRE A (32.40). 815 Ass0o G&E A deb rts. 2 Asso Iaundries. . 315 Asso Rayon.. 804 Asso Rayon pf (6). # Atlant Fruit & Sug.. 1 Atlantic Lobos pf... 24% Atlas Plywoodn. ... 15% AutV Mcvprpt(2). 204 Aviation Corp of Am 23% 12 Aviation Credit..... 139 117% Babcock&Wilcox 19. 50% 46% Bancomit Corp new. 190 144 24 5 10 314 Blue Ridge Corp.... 23% Blue R Corp cv pf 18, 13% Brazil Tr & Lt (2) 1% Brill Corp B........ 26 Brit Am Tob B $1.20. 4 BrCelanese Ltd rcts 714 Burco, Inc..... 314 Burco. Inc (war). 3 Burmarcts (31%e¢). 14% Butler Bros (2)...... 213 Buzza Clark, Inc. 4 Cable Radio T vte 114 Cab&WireLtdB rc! 13 'C A MCoctfs.... 2% C A M Cocum pf. 191 Camden F Ins (11 23 Can Marcont. 1 Carib Syndicate 30% Carnation Co. .. 20 Celanese Corp 80 Celan Cor ist pf 6% Cent Atlantic States. 20 Cent PSv A (a1.75). 12 Cen States El (340c). 4% Centrifug Pipe (60c) 113 Chain Stors Stk(b). 69 373 Ches & Ohlo (new).. 130 Cheesborough (15).. 84 "20 Citles Service (330c) 4 Bellanca Aircraft... Bliss Co (E W) (1), Cities Serv pf (6).... 3% Club Alum Uten..... 40 Colgate-Pal-P (2%). 4 ColonOfl..........s % Columbia Syndicate. 2 Comwlth & Sou war. 449% 210% Comwth Edison (3). 103! 93% Comwlith Pow pt (6) 4 Consolidated Copper 12% Con Dairy Prod (12) 71 Con Gas, Balto(3.60) 2% Cons Instrument.... 10 Cons Laundrie: . Con Retail Strs (1).. 11% 2% Consol Royal (60¢c).. 1044 100% Cont G&EI pr pf (7). 25 21% 12% Communtiy WatServ 10 Cord Corp. . 12% Corroon & Reynolds. 69 Cor& Reyof A (6).. 5% Creole Petroleum... 17% Crocker Wheeler(n). Cent Petrol.. Alrports vte, Wright wai 21 Cusi Mining. 6 Darby Pet (1) 4 4% Dayton Alr & Eng... 642 310 Deere & Co (6). 26% 5% De Forest Radlo. 17% 5% Detroit Aircraft Cor. 9 Dix Gas & Utilities. . 50 Dow Chemical (2).. 62 Draper Corp (5)... 84 Driver Harris(new). 4 Dubelier Cond&Rad. % Duz Co, Inc A efts... % Earl Radio Corp. . East States Power B Eastern Util Inv A.. Eisler Elec Corp El Bond & Sh (b6) El Bond & Sh pf (6, El Pow Assoct El Pow Assocl: 10% E1P & L opt war.... 3% El Sharehold 31). .. 25% Empire Pwr Corp(2) 147 Em.p'PubS.A(1.80). 4 Evans Wallow Lead. 3% Fabrics Finishing. .. 3 Fairchild Aviation 60 Fajardo Sugar 22 Fanny Farmr C (1 5% Fansteel Products. . 30 Fed Screw (13%4) 2 FiatStkdebrts..... 4% Finan Inv N Y (b8).. 8§ * Fokker Aaircraft. 15 Ford Motor Can A... 30 Ford Motor Can B... 10% Ford Motor Ltd..... 10 Foremost Dairy Pr.. 20 Fourth Nat In 9% Fox TheatClA..... 18% Garlock Pkg (1.20).. 8% Gen Am Invest new. 70 Gen Am Inv of D (6) 2% General Baking..... 45 General Bak pf (6).. 63% Gen Electric (new).. 7% Gen E Ltd rets (50¢) 294 Gen Fireproot (2) ) 19% 1% Goth Knitbac Mach. 68% 23 Graymur Corp. 49¢ 114 GrA&PTnv 117% 114 &rA &P Teanf ( 17% 10 Groe Stors Prod vte. 30% 24% Guenther Law...... 209 115 GulfOllof Pa (1%). 26% 10 Hall Lamp (12) 35% 16% Hall Printing(t 2% 264 34 9% 3% Hollinger Gold (60¢) 331 Hormel(Geo) (1.50). 6 Houston Gulf Gas. 6 Hudson Bav M &S.. 74% Humble Oil (2)..... 10% Huyler Stores of Del 27 Hydro El Serv (12)., 10 Hygrade Food Prod. I'inots P L (20). Indian Terr Illum Ind Fin cfts (b10 Insull Util. Inv. InsCoN A (12%) Insurance Sec (1. Intercoast Trad Co. % Intercontinent Petn, 15 Intl Petrolm (62%c) 25% Intl Superpower (31) 3 Internatl Ut B 92 Intl Util pt pt (7) 123 (nterstate Equitie 40% (nterst. Eq. cv-pf.(3) 15% Jon & N cum pf (3).. 1% Kolster-Br (Am Sh)., 30 Lackawanna Sec(4), 8% Lakey F& M (12.40) 30% Lane Bryan tine (2) 19 LazarusF&RCo.. 5 17 26 70 52 17 20 49% 48 Bell Tel of Can (8).. 508 152 2 3 508 oo — Add 00. Open. High 2 12% 124 2 15% 15% 5 zg‘q 23 - TSI I T » 3 48W 155 247% 9%, 374 4% 4% 29% 5 336 2 261 261% 100% 100% 5% 5% 19% 19% 95% 95% 54 64 10% 10% 12% 12% 4% 4% 102% 102% 14% 1% RENNOMEH BN - 6 5 5 5 5 1 2 3 8 2 8% 14 66% 70 43% 9% 5 o S weom DS Sensuiup aae s B o0 o or k-3 Dot e oa B o o oo 23 5% o AN BN 4 19% 58y 81% 630, 19% 22% 1% 23% 39% 8% 86% THE EVENING STAR, WASHINGTON, D. s rice o- | (BUSINESS BETTER Direst 8 The Star Ofies Low lose. 12% 12% 1% 14% 22% 234 258 1274 127% 12715 127% 48 48 165 155 7 ¥ 28 24% 8% Y 364 36% 6% 46k 4% 4% 207 29% 51 Wb 10 11 4 4 374 22 2% e i % 3 23 8% 1% 3% 22 2% 4% 1% 1 3 23 3% 1% 104 10% 124 12% 4% 4y 102% 102 14% 14% 18% 14w 84 13 66% 0 M 1 850s 320 329% 320 829y 6 24% 24% 244 19 58U 814 63% 19% 14% - 41% 22 1% 374 10 304 23% 30% 234 284 COMPANY HEAD RESIG! NEW YORK, December 7 NS, w)— esident of the International Co - 3 pdz:n Engineering. Corpers mbus- | several weeks. been succeeded by W. R. \ 1929 Stock ana Low. Dividend Rate Lehman (The) Corp. 18 Leonard Of 1 Lily Tulip Cul Loews Inc deb rti Lone St Gas (80c Long Island Lt (40¢) Loufsiana Lan & Ex. Mac Marr Store: Magdalena Syne Mapes Con Mfg (3 Marconi Int M 52% Mar Midland Corp. Mavis Bottling. . Mayflower Assn. Mead Johnson(13%) Memph Nat Gas Co.. Midland United. ., .. Mid West Util (b8%) Mid West Ut A war. Mid West Ut pf n(6) Mid Stl Prod (16.63) . Mid Royvalty evpf 2. Mo-Kan P L (b5%). Montecatini deb rts Morrison Elee (1). Mount Prod (1.60). Nat Amer Co (2) 7 - SrruaRapwnn voone o Nat Fam Strs (1.60). NatFAPrB (b4%).. Nat Fuel Gas (1).... Nat Investors (new) Nat Pub Sv A (160). Nat Sugar NJ (2)... Natl Trade Journal Nat Transit (+1%) Nat Unfon Radlo. Nauheim Phar. Nauheim Phar pf Neet Inc cv A(1.60). Nelson(Herman) (2). Newberrv(JJ)(1.10). ¢ New Brad Ofl (50¢c). New Eng Pow pf (§) New Jer 2inc n(t4).. New Mex & Ariz Ld. Newmont Min ($4).. Newnport Co (new).. N Y Auction (13%)... NY Invest (120)... N Y Invest (war) N Y Merchand t2% N Y Telpf (6%).... 2258 Niagara Hud P(40e). 43 Niag Hud Pw A war. 23 Niag Hud Pw R war. z e SBrnoaaanarmnmm o a3 o - 3 DR RN S R e Niag: Niles Rament Pond. . Noma EI Cor (1 60). Normanda Mines(3). North Am Aviation No AmerL&P(b8%) . North St Pow A (8). N W Engineer (2)... Novadel Agene (2) Ohilo Copper. Ohio Ol (+2% . . Oilstocks Ltd A $50e Pac GAEl 1stpf 1% Pac Pub Serv (1.30). 7 14 Param-F-L(n)w. Pender (D)GroB(+2) Penn Ohfo Ed of (6). Pennroad Corp... ... Peo L& P A (a2.40) Perrvman Electri, Petrol Corp 18t pd. Philip Morris Tne... Pilot RT A (120) Pitney R P n(20e) . Pittsbgh Plate G t3¢ Plymouth Of1 (2)... Powdrell & Al (3%), Pwr Corp of Can(4). Premier Gold (24c). Prince & Whitely... Prince&Whitely of § PronSIIk HM (2)... Prudential Inv...... Rainbow Lum ProdA Rainbow Lum ProdB Refter-Foster (10¢). Reliance Manag (4). Reynolds Bros Ine. . Reynolds Met (new) Rike Kumler. Roan Antelone Min Rockland L & P.. Rolls-Rov L.td ret Ronsevalt Field.Tne Ruherold Co (4)..... St Regis Paper (1).. . St Regis Paper pf(7)150s Schulte Un Fe-$1 St.. Rch 17 Be-31 8 0t (7). Bchiff (The) Co (2).. Seg Lock & H (50e), Selected Tndustries. . Select Tnd pr (5% )., 501 SelIndallotafs§4.. 834 Sentry Rafety Cont 3 Shattuck Den Min, 48 Sheaffer Pen (43)... 6% Shndoah Corp(b6%). 14% Shenan Coro of (3).. 26 Sierra Pac Elec (2).. -~ - 83 Solar Refining(3%) 1% Sonora Products. 5% Southern Corp. 11% Southland Roy (1).. 4% SWGasUM...L... Spanish & Gen Rer.. Spie-Mav-S pf (614) Standard Motors. ... Stand Ofl of Tnd 12§ 26 Stand Oil. Kan $2§.. 1 Stand Pow & Lt. . 11 St Pow & Lt pf (7 Bls Starrett Corp pf(6) 2 SteinfA)& Co(1.60). 2 SteinA&Cocu pf 6% ,101s Stern Bros A (4)... 1 Stetson (J B) (8%) Strombg-Car 1.12% Stuts Motor Ca: - onnBosReleoratinnSanananan - Svrao Wash M B Tagrart Corp. ...... ‘Tampa Electrie (13) ‘Tennessee Products. Third Nat Inv (1) Thomp Prod A 12.40. T-ansamern (11.60). Tran Con Afr Tran.. Tr-Lux D.L.P. 8.(A) ‘Tri-Cont Allled. .. ‘Tri-Continental Cor. Tri-Cont Corn pf (8) Tub Art 811k B (10). ‘Triplez Safety Glass B aolnanaR anan » 3 Union Amer Invest Un NG Can (+1.60) nion Tobaceo. ... . United Carbon pf (7) United Corp war. United Dry Docks. United Gas Co. . Unit L&P A (80c Utd Lt & Po pf (8 UnitedMilk Prod. Unit Prof &h (1.20° Init Renroducers B. ™ 0 Ha IS iScece Mt an - U1 & Ind of (1%).. Utfl Power&Lt($1). Utllity Eanities. ... Vacuum Of1 (t4%).. Van Camp Packing. . Venezuela Pet (29¢). Viek Fin Corp. . Waitt & Bond 3 o NOND N RN 000 8 NN e t Alr Exp (60c) Willlama R C (1.40). Winter (Benj). . Worth. Ine A... «eo Zonite Prod (1.60). . RIGHTS. Dividend rates tn annusl payment. *Ex-dividend 1Partly extrs tPlus extrs in stock. :fllw Open. High. Low. Close %0 78 9% 24 19 164 | 391 I 4dn T L s 26 26 .26 .21 .21 arterly asb or stock. b Payable in stock. d Pavable in preferred atock. and has n - Wood, George E. Learnad has resigned as '‘has been acting vmldnnt& the ;‘: mittee. George L. Bourne was elected chairman of the executive come C., AT D. C. MARKET Wholesale Dealers Report Increase in Business After Slow Week. Increased activity in the wholes market district was reported yesterday and this morning, following siow trad- g during the several days when the weather was cold and the streets slip- pery. Trading during the early part of the week was reported very quiet, Early in the week rcunry dealers cleaned up their supplies of turkeys held over from the anksgiving holi- day market and immediately started inquiries as to the prospects for the Christmas turkey trade. They have not yet received any advance information, however, other than Government re- ports of conditions in Texas. ‘What appears to be a most interest- ing factor in the approaching holiday maygket is the price managers of the chain stores will announce. These prices, however, will not be announced until a few dn{n before Christmas, it is stated, when the price will be definitely fixed for most wholesalers and retailers. Poultry Supplies. Dealers this morning had supplies of all varieties of poultry, including top- &umy turkeys, to interest retailers, and ey also had fairly heavy receipts of chickens, ducks, keats and capons. “Turkey sales were not so heavy,” remarked a dealer, “people having had their fill during the Thanksgiving holi- * | day season, but the demand for chickens and capons was o Plentiful supplies of rabbits were in evidence. They ¢ame from far and near, were in all kinds of conditions and sold at & wide range of prices. Heall spectors were strictly on the job to see tl all rabbits offered the trade were fit for food, and many of them were condemned. Following the clearing of ice from roads in Maryland and Virginia and the drop in temperature, haulers from the two States renewed their work of bringing supplies here. As a result of their resuming their work, it it stated, increased quanitites of poultry and eggs reached here in time for the week end market. Receipts of eggs were not very heavy, however, and a continued firm condition of the market was reported. Increased receipts of vegetables by commission merchants and dealers on the farmers’ line were mentioned in this morning's reports, prices being cor- respondingly lower. The butter market continued firm, Erluu having recently gone slightly higher. Dealers in marine products remud a better condition as a result of ter- mination of the cold spell. Fish and oysters were not much more plentiful than they were for yesterday's trade, but increased receipts and lower prices are anticipated early the coming week. Numerous changes in prices of com- modities during the week were reported, most of them, it is stated, being only "fdmponry, because of weather condi- ns. “They soon will settle back to nor- The appearance SATURDAY, DECEMBER 7, 1929, mal,” remarked s merchant, “and busi- ness should go right along as is usual Just before heavy Christmas buying.” Prices quoted this morning were sub- stantially the same as prices quoted the pasi two days. Today's Wholesale Prices—J Prices Slightly Higher. Butter—One-pound prints, 4412a45%;; tub, 4313a4415; store-packed, 30a32. Eggs—Hennery, 58; fresh selected, 57a 58; current receipts,‘52a53. Poultry, alive—Turkeys, young hens, 32a33; old toms, 27a28: Spring chick- ens, large, 26a27; medium, 25a26; broil- ers, 30; Leghorns, 22a23; fowls, 25a26; roosters, 20; ducks, 15a20. Dressed— Turkeys, young hens, 36a38; old_toms, 32a33; s»nng chickens, large, 30a32; medium, 25a30; broilers, 35a36; ur horns, 28a30; fowls, 28a30; ducks, 28a g’g:azoostm, 22; capons, 40a45; keats, 280. Meats—Beef, 20a22 24a26; lamb, 24a27; pork loins, 2. ; fresh hams, 20a22; fresh shoulders, 18a22; smoked hams, 25a26; smoked shoulders, 18a20; bacon, 25a26; lard, in bulk, 13; in pack- ages, 12. Following the several days of freez- ing weather, dealers in fruits and prod- lobbers’ uce this morning were able to make | attractive displays of commodities. ‘Warm_ weather enabled them to move their receipts from behind the canvas stretches and display them to the best advantage, while on the farmers’ line there were increased quantities of nu- merovus varieties of vegetables. “It was a trifle difficult to gather vegetables from the hard ground yes- terday,” commented a grower, “but the work was done with a marked degrec of success, everybody wanting to get their crops to market while prices were high enough to make the extra efforts worth while.” ‘Warm weather this morning gave both the commission house district and farmers’ line a decided Spring appear- ance. Receipts of vegetables showed u decided increase over receipts of yes- terday, and the freshness of receipts made them especially attractive. Kale and spinach, the principai vegetables scarce during the freeze, were received in larger quantities this morning and slightly lower prices ruled. ips were very plentiful ana chea selling around $1 a bushel. Dealers also had supplies of carrots, beets, parsley, pumpkins, both varieties of potatoes and other vegetables. Fruit Supplies. Dealers on the farmers' line also haa quantities of apples to offer the retail trade. Some were from nearby sections of Virginia were of large size and attractive, On the commission house line were lentiful supplies of various varieties or ruits, in addition to fancy stock ‘of shipped-in vegetables, the displays at- tracting much attention and inducing retailers to make purchases. A continued firm condition of the butter and egg market was reported this morning. It was suggested dealers that the cold weather served to keep up the high prices of eggs. “Prices are due for a drop,” sald a dealer, “and should warm weather con- tinue it is likely that the drop will come before the Christmas holiday season.” Decreased temperature this morning was_re] d to have made a decided change in conditions at Municipal Fish Market. Small quantities of fish were received from Potomac River netters, being of the varieties usually received in the early Epring. ‘There were plentiful supplies of fish FINANCIAL. fr , and some - I.lsht from the South also were offered the retail trade. Jumping mullets, included among the shipments from the lc}lth. met a fairly demand. ters continued in plentiful sup- ply from points on the Chesapeake Bay and tributaries, many coming from the lower Potomac. - Some of the best of the barrel stock came from the ocean front along the eastern shore of Vir- ginia, others having been received from the Pocomoke and Tangier sections of the State. BONDS ON THE CURB MARKET. Bales . DOMESTIC BONDS. in thousands. 85 '49 10415 48. 99 9 o0t 4 Asto 8. Haw 8hs 133 a1 18 Atlas Plyw sts 43 W 8 Cent St El 3" s G 8ia EI'P Nat G 8128 38 Emp o & K 8¢ i Pow 55 ‘67 9813 B8 e A 206100 28,37 ww 1081 R " P& L 4 85730, 112 S5s A B4, 861, haw W&P 4135A ‘67 937 hawsheen 17s '31.... 97 hell Un O 58 99 E PAL 65A 2025 xw. 104 u Cal Ed 85 31 178ou Cal Ed 55 '32."" 18ouw Da 6las '38 ww 12 Souw GAE 85 A '87.. 12 Souw P&L 6s A '22. Salesin FOREIGN BONDS. RO eie Atres Pr Tias '47 10015 1001 e Alres Pr Tigs 3 B 830 99 914 NEW YORK COTTON. NEW YORK, December 7 (Special).— Scattered liquidation in the process of evening-up obligations prior to the an- nual crop estimate Monday caused a slightly easier range of prices on the Cotton Exchange today. Selling in final dealings carried March off 10 ts g 11';2% Spots were reduced 10 points December 195 I and | M: were only of fair quality, while receipts |3 from the Shenandoah Valley and other | 3¢t CHICAGO, December 7 (Special).— Wheat trade was quiet today with the price trend lower under local pressure caused by the weakness in Liverpool. After the first half hour December was March 1.33%, May 1.37%. Corn was weak. December was 90%}, May 98%. Oats was little changed. December was 467, March 50, May 51%. Provisions were firm with hogs. Finds City Best for Health. TRENTON, N. J., December 7 (#).— To be healthy live in the city. Dr. George E. Vincent, president of the Rockefeller Foundation, told a confer- ence on social work that the city more | $80 to is productive of * | amounting to $15,726,0 *¥ 93 IBOND REDEMPTION MOVEMENT GROWS Foreign Issues Are Rapidly Being Canceled—New Loans Fewer. Special Dispatch to The Star. v | NEW YORK, December 7.—For the first time since foreign financing in dol- lars began to play an important part in the American investment market, 10 years ago, more bonds are being re- Ceemed than are being created. For the 11 months to November 30 the amount of foreign paid off or re- tired = through annual sinking fund operations amounted to abcut $330,000,- 000. In the same period new iSsues of foreign government loans were approxi- mately $70,000,000. During 1929 the large European dol- lar issues were canceled without resort- ing to refunding. One was that of the kingdom of the Netherlands, whose 6 3 | per cent loan, amounting to $40,000,000, was retired, and the other was a $15,- 000,000 obligation of the kingdom of | Eweden, bearing 6 per cent. Owing to the recent high rates for money in this country, both governments found it to their advantage to take up these lohns with the proceeds, in part, of domestic issues. On the other hand, a 7% per cent loan by the nguh]lc of Peru, 0, was replaced with a 6 per cent bond dollar issue. Approximately $120,000,000 each year is pared off the loans of Prance, Ger- many, Belgium and Italy under the terms of the indentures of their dollar loans, which compel them to retire a certain proportion of the original loan annually. PFrance and Germany, for instance, reduce their 7 per cent ex- ternal lonm% about $4,000,000 every 12 months. e Belglum 7, per cent loan was reduced $2,300,000,and Italy's 7 per cent issue is retired by sinking fund to the extent of $1,837,000. pays off $1,165,000 on her 51, per .ent loans. Other foreign loans are r -adily being whittled down by rede..plons ranging from $300,000 to $500,000 per annum, This does not. however, tell the en- 5 | tire story or indicate the full extent to which dollar loans in this country are being taken out of the market. In the last few weeks there has been a recur- rence of buying of such loans for Euro- pean account. This has amounted to millions of dollars. Some of the de- mand has been for German banks, but the great part of it is said to come from Sweden, which has always been a large buyer. of German securities. Opportunities for profitable invest- ments in dollar loans have been given by reason of the distressed selling of such loans so that some foreign cor- ?ontlom have been able to buy back heir own bonds at a discount of 20° ints or more from the price at which 'y were originally sold in the Ameri- can market. ———— Native ctenographers of tina are eomplni.ntn:';hn they Aranly $160 a month and o Spanish operators receive nearly twice as much. ..“sixteen men on a dead man’s chest” A Washington man died leaving to his widow enough in« surance to keep want from her, but not enough to provide luxuries. Within one year after the death, sixteen different schemes and schemers approached the widow endeavoring to have her invest in this or that or the other thing. By inquiring at the Better Business Bureau before accepting the luring offers of these sixteen ventures, she found that widows are favorite victims of Get-Rich-Quick Promoters. The lady is con- sequently free today from want and safe from the Poorhouse. Modern pirates are not romantic, picturesque fellows, but are shrewd, intelligent schemers who fleece the widow and the orphan, in a modern way roosting “on a dead'man’s chest.” Widows especially should remember af all times— “Before You Invest—Investigate” of this notice in these columns is evi- dence that this newspaper supports and co-operates with the Better Business Bureau of Washington. The Better Business Bureau of Washington 337 Evening Star Bldg.