Evening Star Newspaper, December 21, 1929, Page 23

FINANCIAL. Received by Private Wire Direct to The Star Office . This Strange Adventure Stock and Sales— s Dividend Rate Add 00 Open. High. Low. Close. Insurance Sec (1.40) 4 17 1% 17% Intercontinent Pet n K ~Prev. 1920.— CLow. Clase. Low. 5% Aero Sup Mfg. B Short Covering Produces In- crease in Values After Break. BY JOHN A. CRONE. Bpecial Dispatch to The Star. NEW YORK, December 21.—Utilities furnished the strong spot in a less ac- tive curb market today. Unlike yes- terday's session, the market was not pronouncedly bearish, most of the de- clines being fractional. Only two issues, Electric Bond & Share and Cities Service, opened with large blocks. The former opened with & block of 4,000 shares at 763, up ls. and the latter appeared with a lot of 6,300 shares at 227, down 35, The consolidation plan proved a dud 80 far as rails on the curb were con- cerned. Pennroad Corporation hit a new low record of 13! within a few dealings, or down Pittsburgh & Lake Erie came out unchanged at 1125 and Chesapeake & Ohio new was slightly lower at 515. Approval of the acquisition of New Orleans, Great Northern Railway by Gulf, Mobile & Northern Railroad had no effect on the former's stock. The motors likewise were little affected by news. Ford Motor of Canada A at one time was down more than a point. Fox Theaters A was one of the weak- est spots in industrials as it registered a new lcw record. Great Atlantic & Pacific Tea pointed higher, while Tubize Artificial Silk rallied after an early relapse. November world copper sta- tistics, showing the smallest production since last February, went unnoticed by the red metal shares. Baltimore Markets Bpecial Dispatch to The Star. BALTIMORE, Md., December 21— Potatoes, white, barrel, 1.50a4.00; 160 pounds, 1.75a2.50; sweet potatoes, bar- rel, 1.50a2.75; yams, barrel, 2.00a2.75; beets, crate, 3.50; brussels sprouts, quart, 10a25; beans, hamper, 1.50a3.00; cab- bage, hamper, 30a50; carrots, 100, 2.00a 3.00; caulifiower, crate, 2.00a2.25; cel- ery, crate, 1.75a3.75; eggplant, crate, 1.50a3.50; lettuc basket, 2.00a2.50; kale, bushel, 35a10; onions, 100 pounds. 1.75a2.00; peppers, crate, 4.00a5.50; parsnips, basket, 50a65; pumpkins, 100, 5.00a15.00; spinach, bushel, 50a75; squash, crate, 2.25a3.50; tomatoes, crate, 2.50a6.00; turnips, hamper, 25a 35; apples, bushel, 75a2.25; cranberri~a. 3.00a4.75; grapefrult, box 50a 4.50; oranges, box, 2.10a4.00; tanger- ines, box, 1.25a3.75. Dairy Market. Poultry—Dressed turkeys, fair to fancy, pound, 28a34; old and crooked breasts, 23a25; young chickens, 24a25; old and mixed, 23a24; ducks, 22a25; geese, 21a25. Poultry—Alive, turkeys, pound, 32a 33; old toms, 23a25; Spring chickens, 20a25; Leghorns, 19a20; old hens, 18a 24; Leghorns, 18a20; poor and thin, 17 al8; old roosters, 18; ducks, 16a24; geese, 16a25; guinea fowls, each, 40a60; pigeons, pair, 25. Eggs—Recelpts, 814 cases; ve and nearhy firsts, 54; pullets, 45a48; hen- nery whites, first, 56a58: current re- :;ig)vs, 43a45; culls and dirty eggs, 25 Butter—Good and 'fancy creamery, pound, 41a46: ladles, 35a36; _store packed, 21; rolls, 31a32; process, 38a39. TIN PLATE OUTPUT GAINS. NEW YORK, December 21.—There has been a substantial increase in the production schedules of tin plate mills in the Youngstown district, reports from the area today state, due to the place- ment of first half of 1930 business. Leading mills are operating at 80 per cent of rated capacity against 60 per cent a few weeks ago. BONDS ON THE CURB MARKET. DOMESTIC BONDS. High. Low. Close. & Lt 55 '3 E 55 ' 80 " 79 *44 C. 10115 101}, 101, A 55,0 1003 100%2 1001, 1018 101 = 101 4. 100% 10014 100%e 83" g3 83 923, 92 08v2 10574 1 a8 ' 98 92% ’ 9 50 xw 9% 9914 B 59 913 013 10178 1017 101% 4 1041 1 92% 94 tos 043] 1041 13 100! 78 [ Sun Maid R 6's3 Sun Ol 5i.s 39 wift Co 53 32 ex City G 53 & L 5% @ 48 5% 14% Aero Underwrit 7 Aeronautical Indust. 15 Agfa Ansco. 66 Agfa Ansco - s LR [STR TP} 11 VOO 08 = PV - 539% 146 Aluminum Co of Am. 280 © 99% Aluminum Co.. Ltd.. 47% 31 Am ArchCo (3)..... - 49% 16% Am Chain (3).... 153% 99% Am Cigar Co (8).... B4% 29% Am Cit PEL A (a3),. 60% 10 AmCP&L B (b10%) 18 AmCwithPAb10%. 22 Am Com P E (130c). 2% Am Cmwith Po war. ww & > 73 16 108% . 7 10% s (war). 1 6% Am Lt & Trae (10).. 300s 215 8 14 20 AmStPubS(A)1.60. 1 15 Am Superpower (1). 113 891 Am Super Ist pf (6). 5 Am Yvette (new)wi. 8 Anchor Post F (2)... 14 Anglo-Am vot (73¢). 11 Anglo-Am n-v (73¢). 8 Arcturus Rad Tub & Ariz Globe Copper 8% Arkansas Nat Gas 61 Arkansas Nat Gi 5 5% Asso-Elec Ind Ltd.. 35 Asso GEEl A (12.40). 313 Asso GRE A deb rts, ndrs($20e). 30% Asso Rayon pf 4 Atlant Fruit & Su 30! Atlas Port Cem (2).. 15% AutV Mevprpt(2). 12 Aviation Credit. 7 Aviation Securitfes 13% Bahia Corp 1% Bahia Corp pf. 46% Bancomit Corp ne: 5 Bellanca Aircraft. 15% Bickfords, Inc (1) 10 Bitss Co (B W) (1).. 3% Blue Ridge Corp. . 23w Blue R Corp ev pf 13, 28% Blumenthal (S)..... 1 Botany Mills..... 134 Brazil Tr & Lt (2) 100 Bunk H & Sull (19). 7% Burco, Inc...e.0v.us 38 Burco, Incev pf (3). 3% Burma Corp (t31c).. 14% Butler Bros (2). 3 Cab&WireLtdA ref 1% Cab&WireLtdB re 3% Cab&WireLtdpf rcts % CAMCoetfs, 102% 4 81% 165 Can Marconi 1 Carib Syndicat 30% Carnation Co (33) 5 Carnegie Metals 12 Celluloid Corp 6% Cent Atlantic Stat 20 Cent PSv A (al.75). 12 Cen States El ($40¢) 70 Cent Sta El pf xw (6) 4% Centrifug Pipe (80c) Chaln Stores Stk(b6) 20 Citles Service (330c) 242 Citles Servpf (6)... 1 4 ColonOil..... . % Columbia Syndicate. 12% , 1% Comwith & Sou war. 48 3% 449% 310 Com’wlith Edison (8) 70s 244% 21% 12% CommuntivWatServ 13 1% %% Comstock Tunnel.... B8 13% Consolidat Afreraft.. 1 4 Consolidated Copper 12% Con Dairy Prod (12) Balto(3.60) z 10 Cons Laundri, 10% Con Retail Strs (1). 30% Cooper Bessemer(2). 10 Cori Corp. 1% Corroon & Revnolds, 69 Cor & Rey pf A (6).. 42 Cosden O} 5% Crecle Petroleum. .. # Cresson Cons (.08).. 17% Crocker Wheeler(n). 38% Cr&Bpf(3%) ww. 30 Crowley Milner (2).. % Crown Cent Petrol. . 40 Cumb'Ind Pipe L(4). 2u Curtiss Wright war. 1% Cusi Mex Mining. 615 Darby Pet () P T B e =IO =" Pe- 23 2 Derby Ol & Refin... 5% Detroit Alrcraft Cor. 9 Dix Gas& Utllities., 1 & Dolores Esperanza. . 14}» Douglas Alrcraft. 4 Dubelier Cond& Rad. 3% Durant Motors..... 22 FastGas& F Asso.. 17 FEast States Power B Eastern Uil Inv A. . ST s ena o 4 24 ). Empire Steel Corp. . Employ Reinsur 1%, % Engineers Gold. . 3% Evans Wallow Lead, 34 Excello Air & Tool. . 56 Fajardo Sugar. Fairchild Avia [P STT T 3 wmRRanAsRB-E 15 Ford Motor 10% Ford Motor Ltd 10 Foremort Dalry Pr. 20 Fourth Nat Inv. 5% Fox Theat Cl A. 8% Gen Am Invest new. 70 Gen Am Inv pf n (6) 24 General Baking. 45 Generai Bak pf (6). 7% Gen E Ltd reta (50¢) 19 Gen Empire Corp... 13% Gen Gas & El 1A) Gen Laundry Mach 10% Gen Kity & Uttlitte: Gen R & Utll pf (6). Gen Theat Equip vte 30 Glen Alden Coal 110) 12% Globe Underwriters. 3 Gold SealEln...... 32 Goldman Sachs (b§) 26 Gorham Inc pf (3).. 1% Goth Knithac Mach. 23 Graymur Corp. 162 GrA&PTnv 12 Greenfield Tap& D 10 Groc Stors Prod vie. 18 Ground Griprit1 % 24% Guenther Law (2). 115 Guif Oliof Pa t1%), 14% Hartman Tobacco. 27% Haygart Corp. .. 14% Hazeltine Corp (1) 14 Helena Rubenstein. . 4 Hollinger Gold «60c) Horn(A.C)1stpf 3 6 Housion Gulf G 6 Hudson Hay M & 8. 74'% Humble O 27 Hydro B 8 2 Hygrade Fooa Prod 2 @ ¢ nouaxxuinaSao= 3 5 =™ 8 - A L ] 2415 3% 120 2% Y 1% 274% 274% 2 12 11% 5% b 215 215 1% 1% 19 23% 9% 5% 18% 1 15% 21% Tk 34% 20% % 37 3 101% 101% 10 10 41 41 3% 3% 3 8% 244% 244% 13 & 15 5% 19% 13% 13y 4% 3% 37% 364 30 30 133 Intl Petrolm (62%c¢) IntSatRB (12%).. Internatl Ut A(3%). Internatl Ut B... Interstate Equities. . Interst. Eq. ev-pf.(3) Iron CapCopper. ... Irving Alr Ch ( Italian Superpow A.. itallan Superp war.. Jonas & Naumburg.. Kolster-Br (Am Sh). Lackawanna Sec(4).. % Land Co of Florida. . Lehman (The) Corp. Leonard Ofl. Lion Ol Refin (2)... Lone Star, new (80¢) Long Island Lt (40c) 4 Louisiana Lan & Ex. 4 Mac Marr Stores. Marine Mid Cp ( Mavis Bottling. Mayflower A Meadows M| : Memph Nat Gas Co. . Middle WstUt(b8%) Mid Royaity ev pf 3. Midland Stl pf (n)... Mid Stl Prod (16.63). Midvale Co (3)...us. Milgrim & Bros. . Mo-Kan P L (b5%). Montecatini deb rt: Morlson Elec ($1) Mount Prod (1.60) Municipal Service. hman Spring (3) o T P P T PO PQSI O T e PR VR SR Op t Fam Strs (1.60). Nat investors (new) Nat Pub Sv A (160). t Rub Mach (2) t Steel Corp x w.. t Transit (t1%).. Nat Union Radlo.... New Jer Zinc n(t4).. w Mex & Ariz Ld. 'mont Min (34 ewport Co (2) . N ¥ Auction (1% N Y Invest (1.20). N Y Invest (war)... . N Y Merchand 12%.. N Y Pet Royalty (1). Niagara Hud P(40c). ag Hud Pw A Niag Hud Pw B war. Niagara Shars bl-40. Niles Bement Pond.. Noranda Mines (3).. North Am Aviation.. North St Pow A (8). Northern PL (15).. Ohito Copper. Ohio Ol (123 . Otis Elevator new... Outbd Mot A (1.80).. Overseas Sec (1).... Pac G&E1 1st pf 1%, Pac Pub Serv (1.30). Pac Western O11 Penn Mex Fuel ( Penn Ohlo Ed pf (6 Pennroad Corp. Petrol Corp(1% Param C Mfg 12.40). Pilot Rad T, A(1.20). Polymet Mfg ($1)... Power Securities pf. Premier Gold (24c).. Prince & Whitely. Prince& Whitely pf 8 Prudential Inv...... Pub Util Hold war .. Radio Products (2).. Rainbow Lum ProdA Rainbow Lum ProdB Reeves(Dan'l)(1%). Reliance Managemnt Reynolds Met, n 2.40. Richfield OlICalif pf. Rike Kumler (2.20) ., Roan Antelope Min.. Rockland L & P. Roosevelt Fiel - Paper (1).. Prod (2),. Schulte Un 5e-$1 St.. Schulte-Utd Sts pf.. Scovill Mfg (4). Seiberling Rubber Selected Industries. . Select Ind pr (6%).. Sel Ind allot ofs 5%.. Sentry Safety Cont.. 3 Shattuck Den Min... €5 Shawingan Wa(21). 6% Shndoah Corp(b6% ) 14% Shenan Corp pf (3) 10 Sisto Fin Corp. Smith (A 0) (2 » @ mosmmnnseael snatanmanaan Eassammnes 3% (42.20), Stand Oil.Neb(33%). Stand Pow & Lt..... Steln Cosmetics Inc. Stroock & Co (3).... Stutz Motor Car. Sunray Ol (40¢) Superheater (11 Switt Intl (2). Swiss-Am El p 18 “Taggart Corp (1). Teck Hughes (60c). ., ‘Thermold Co (2).... Thermold cum pf(7) Thomp Prod A 12.40. Thomp-Starrett. 25% 89 Trans Air Trans Tr-Lux D.L.P. 8.(A) Tri-Continental Cor. Tri-Cont Corp of (8) Tri-Cont Allfed (3 Trunz Fork Stores, . Tub Art Silk B (10). 1708 Tung-Sol Lamp (2). 2 Ungerleider Fin Corp 9 Unfon Amer Invest. Un NG Can (11.60 % Unlon Tobaceo. United Corp war...,, United Dry Docks. .. United Gas Co . Unit L&P A (80¢).. Utd Lt & Po pf (6).. UnitedMilk Prod. . .. United Prof Sh (1.20) United Ret Chem A. . Utd Ret Chem B etf, U S Dairy (A) (5). .. U S Fininshing (32). USFollB(l)...... US&inSctr(234). Unit Verde Ext 4),, United Watt Paper. . Utll Power&Lt($1 Ctility & ind Utll & Ind pf Utllity Equities Vaeuum Ofl (14%). . Venezuela Ptm(20¢). Vick Fin Corp. Vogt Mfg Co (2) Walgreen Co. Walker (H) (1 « Watson (J W) G Wayne Pump, Wes Auto Suy A Willlams R C (1.40). Zonite Prod (1.60). . RIGHTS Eapire. & RSN ON AL N BT 1%, By Mary Roberts Rinehart Copyrighy, 1929, by North American Newspaper Alllance and Metropolitan Newspaper Service. SYNOPSIS. Lambert Colfaz, the black sheep of an aristocratic family, married Stella, a former burlesque actress, and later de- serted her and their child, Missie. Stella, after futile attempts at a reconciliation, kills herself. Missie and her step-sister, Ellen, are left alone. FIFTH INSTALLMENT. AMBERT COLFAX did not appear for the funeral, but for once there was no difficulty about money. It came freely, as though released by the happy accident of Stella's death, with Mr. MacDonald as its bearer, And -there was & smugness about the one-armed lawyer, a relief behind his decorcis behavior, that Mis- sle resented furiously. “Just keep him out of my slll‘n. That's all I ask.” little fool. What on “Don't be a earth would we have done without He him?” sald Ellen impatiently. He took charge, that is certain. seemed experienced in such matters, and when at last that strange assort- ment of pallbearers carried Stella to her grave he was among them. So, too, was Mr. Elliott, who for once was not wor- rying about the rent, and Tommy's father called in at the last moment. And Stella would have been gratified, had she known, that the people who had ignored her during her life made what amends they could at the end and attended the funeral. It was as well for Lambert that he did not come back. All that last day Missie stood on guard beside the under- taker's man at the front door. There was in her a terrible anger. She would have struck him dead, if she could. In vain Ellen begged her to retire to the correct seclusion of the second floor. “You let me alone,” she said. “He's not_coming into jthe house, not unless he_knocks me down.” was to learn that he had left town be- fore it happened, that while Stella was agonizing in that upper room he had been blithely facing West toward that new life which was not to include her; also—but it was many years before he told her this—that he had lost con- siderable money on the train that very night at poker, She felt her throat tighten when he made that airy con- fession. “And you felt nothing? You had no regrets when you abandoned her?” “You want me to say that I had, my dear, don't you? Well, I am no hypo- crite. God forbid that I should speak ill of her now, but you have lived your life and made your own mistakes. No, {, had no regrets. Of course, when I ol el She looked down at him, so tidy, so unregenerate in his soft bed, and she wondered. What had he done when he heard, what had he thought? “Of course,” he said, “it was & rellef to learn why she did what she did. ‘There was a man at the store who was pretty_well cut up about it. I gather from MacDonald that this fellow had precipitated the whole thing; went to the house that night and scared her.” She watched him. “And you think that's why zhe did it?' “What else? The fact that I wanted a separation was nothing new to her.” Well, maybe that was life—to evade facts that hurt, to bulld up a defensive mechanism against the truth, How real was any one? Strip off the armor {of self-delusion, the shame and self- hypocrisies and what was left? A cring- ing soul, unable to bear the truth about itself, desperately drawing about its nakedness imaginary virtues and cover- ing itself fiercely with denials. But that was years later, when Missle had made her own mistakes and had ceased to judge any one. ‘They went back, the two girls, to that empty house, its dominating personality gone, a strange silence and order per- vading it. It was odd how Stella’s going had changed it, as_though its heart had ceased to beat. Ellen moved about it planning to escape. Missie did the work and then sat, her roughened hands folded in her lap, stricken, dazed, deflant. She did not dare to look back, and there was nowhere to look ahead. And_then, on the second day, the doorbell rang, and Ellen, after a glance at Missie, went to answer it herself. When she came back to the dining |room she closed the door behind her. s your grandmother.” hat are you talking about?” “It's your father's mother,” Ellen ex- plained briefly, “You'd better brush Missie had never known her father's mother was living. It came to her as a blow. She stiffened, straightened. “I'm not going to see her.” “Certalnly you are going to see her. And behave yourself, for Heaven's sake, She hasn't done anything to you. And ;he‘l a lady. There's a carriage at the loor."” Suddenly Missie laughed hysterically. “A carriage!” she said. “She’s come In a carriage, after letting mom work and struggle the way she did! You go in and tell her to take herself and her carriage away from here or I- “Hush, Missie! Hush, I tell you!" “When I think of her poor feet at night—" “Now listen to me. If you shout like that I'll shake you. Mom would want you to see her. She often said so. She wanted you to be friends.” Missie began to cry. She stood dab- bing at her eyes with a solled handker- chief, her face twisted with grief, and Ellen stood by tense and watchful. “You're going in and your'e going to behave like a lady. I've stood all the nonsense I'm going to. What are you going to do, anyhow? If you act prop- erly, maybe she'll help you. I can't ask Tom to support you, with your grand- mother driving around in a carriage while he walks.” There wes something harsh and strident in Ellen's -vice. For the first tim2 Missie saw her as s> was, a little hard, more than a little selfish. All that day, s>wing quietly, she had not been grieving. She had been planning, thinking, contriving. “Did you send for her?” “I told MacDonald she ought to do something for you.” [ your hatr.” Missle looked ‘at her, opened the door, went out. In the narrow hall she hesi- tated. Then she squared her shoulders and went into the parior. Mrs. Colfax was sitting stiffly on one of the hard rosewood chairs. She made no move, Missie surveyed her coldly. ou are Marcella . Missie nodded. She could not speak. She felt gauche and untidy before this old aristocvrat, so cold of voice, so erect of body, but there was bitter resentment in her. Her eyes were hostile. “YI am your father's mother. T am Mrs. Colfax. T dares: your sist that music without being transported baek again to th small stiff parlor, with the plaster statue of Eve on the plano decorously draped by poor Stella with a “throw” of pale green satin, with the crocheted lambrequin on the mantel, the gilt mirror with its cracked plaster frame between the windows. And to Mrs. Colfax, her long hands carefully ’luved. her high buttoned shoes care- ully blackened and shining and the jet aigrette in her bonnet trembling and quivering. She was frightened, afraid of this tall old woman and all she stood for. Walls seemed to be closing in on her, new walls, without association, without love. She could almost hear Stella’s voice: “These grand people, their lives are just one dom't after another. ‘Always a ady” Well, 'm a lady, but I'm a woman, t00.” She roused and flushed. She had crossed her knees, and Mrs. Colfax was at them. “I'm sorry,” she sald. And as if there was some reflection on Stella implied: “Mom—mother never let me do it. She was very particular.” “I'm glad to hear ‘that,” said Mrs. Colfax, without great conviction. “First of all, I must explain that my son— | that your father could not get back. Not in time.” “It's a good thing he didn't” sald Missie darkly. And then, as though she had been listening outside, as indeed she had been, Ellen came in. It was to Ellen that Mrs. Colfax made her proposal to take Missie home with her. In vain Missle wept, fought the very idea, ap- pealed to Ellen. Ellen ignored her. It was to Mrs. Colfax that she spoke, in a voice fully as high as that lady's, and rather uffected. Certainly it was the best thing. It was wonderful of Mrs. Colfax to suggest it. Missie was young, too young to real- ize how wonderful it was. Of course, she would miss her sister, but she must not stand in her way. She was going to be married herself very soon. She looked self-conscious at that. Naturally there would always be a home for Missie with her, but they were young too. Just start- fl‘xl .St:e.md not like to ask Mr. Wil- can work,” Missie almost shouted. m";{pur dear father would never permit at.” “He's not my dear father.” Mrs. Colfax only looked pained, and turned again to Ellen, and at last Missie could only sit back and stare at her with angry, disparaging eyes, at the black silk dolman trimmed with jet, at her tightly gloved hands, at the cameo pin at her collar and the gold chain to the watch tucked into her flat bosom, between the buttons of her dress. “She would not be entirely alone. M{ daughter, her Aunt Adelaide, is still with me.” “I am sure she would be very h-xp.v-" Happy, shut up in a house with twe old women! Against her dofied obstinacy littla was cacomplished that first day. Ellen was sulky aiter Mrs. Colfax had gone. ou're 16. It's time you showed some sense.” “I haven't asked you for anythini have I? You or your Tommy, either. The one thing about that visit that stond out to Missie, beyond its object. was that Mrs. Colfax had not touched anything. True, she had sat on the edge of & chair, but there had been no other contacts. - She had not shaken hands; in going through the narrow doors she hlg seemed by some miracle of evasion ot to touch the lintels. Her very en- trance into her carriage had been a tour de force of detachment. (Continued in Tomorrow's Star.) STREET ANALYZES RAIL MERGER PLAN Features of Reported Decit| sion of I. C. C. Studied by Observers. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, December 21.—Accept- ing as for the most part accurate a de- tailed review published by one of the pews bureaus of the Interstate Com- merce Commission rallroad consolida- tion plan, Wall Street set to work to analyze its main features and to deter- mine whether they would be agreeable which it most affects. ‘The commission’s proposal is for 19 major systems in the United States and two additional systems that deal with parts of Canadian-ow: roads. The fight for a four-plan scheme in the East has apparently been lost, as the commission recommends five systems, of which the Wabash is to be the cen- ter of the fifth. There are & number | of radical proj s which will disrupt systems now in existence and lead to bitter objections on the part of those that have been years in working out present line-ups. Prominent among these are the di- vorce of the Norfolk & Western from the Pennsylvania, of the Burlington from the joint control of the Great Northern and Northern Pacific, of the Mobile & Ohlo from the Southern Rail- way and the Delaware & Hudson from the Wabash. Present Line-up. ‘The Pennsylvania owns a controlling interest in the Norfolk & Western ana | has long considered it one of its best investments, both from the standpoint of the large income it receives on the shares held of this soft coal property and from that of its traffic benefils Under the proposed arrangement the | Norfolk & Western is to go to the Wa- | bash, which also gets (he Seaboard Air Line, and in this way, establishes a new route from the Middle West to the e treme South. The Wabash would, there- fore, be the only one of the five East- ern systems to penetrate deeply into the :fi;rlwry south of the Mason and Dixo: & 5 It is the plan of the Interstate Com- merce Commission to permit consolida- | tion of the Great Northeri and Northern | Pacific, bringing these two parallel lines | | under one management in their opera- | | tions between the Twin Cities and_the North Pacific Cosst. This, in_effect, means that they grant the application | now before them to merge these twoi | lines, but only as_this is done exclusive | of the Chicago, Burlington & Quincy, which they jointly own. Scparation of | these three systems would involve & very | complicated financial operation to which | the Great Northern and Northern Paci- | i fic interests would most probably object. | The arrangement leaves the Burlington in a somewhat orphaned position and elimmnated s a transcontinental fac- | tor, for it is given no Pacific Coast outlet, | | but, on the other hand, is hitched up | with the Missouri-Kansas-Texus in_ the | Southwest. The Burlington has long to the individual lines and systems X 1 that it has orders for tral, the Minneapolis & St. Louis, the Rock Island, the Frisco, with which it is now intimately connected, and the Chicago & Northwestern would be ex- tended inte the territory between Chi- cago and St. Louis by the acquisition of the Chicago & Eastern Illinols, for which the Pennsylvania Rallroad once had aspirations. The Missouri Pacific system has already been set up and plra'-,:lcnlly approved of by the commis- sion, NEW YORK COTTON. NEW YORK, December 21 (Spe- clal).—Under the most active covering movement of the month, cotton prices rallied sharpiy over s of a cent today and ended at best figures of the session. ‘The quantity of March contracts wanted in the vicinity of 17 cents and better stock and grain prices caused short covering and January sold above 17 cents and 30 points from opening quota- tions. Spots were advanced 25 points to 17.25. December e January 7. i 733 % Business Notes NEW YORK, December 21.—The output of electricity during November, for the country as a whole, shows a substantial gain over the same period of 1928, as reported by the statistical research department of the National Electric Light Association. However, for the first time this year the increase has fallen below the figure of normal growth, as determined by past expe ence, and the figures suggest some re- cession in industrial activity. More than 100,000 square feet of ex- hibits will comprise the area of the 1930 motor boat show, to be held in New York from January 17 to 25. This represents an increase of more than 25 per cent over the space used last year. American shipyards built all but one | CHICAGO STOCK MARKET. By the Associated Press. CHICAGO, December 21.—Following is the compiete official list of transac- tions in stocks on the Chicago Stock Exchange today: High. Low. Close. 4 s | 20 Bork-warner 100 Hormel & Co. 300 Houdaille-Hershey %00 Houdaiile-Hershey 0 K 4 50 Hainischies 2 200 Ken-Rad Tube & Lam 700 Keystone Steel. 50 Lane Drug V T C! of the major private yachts delivered | 30 in this country this year. building is being done by New England yards, particularly those at Bath, Me. United Aircraft Exports, Inc. ex- port_subsidiary of the United Afrcraft & Transport Corporation, reports act- ual exportations and unfilled orders of products of the united group during the three months ending October 31 ap- proximated $1,210,000. It is expected that exports for the year will total ! $5,000,000.. The Cadillac Motor Car Co. reports more than 3,000 of its new 16-cylinder cars. BALTIMORE STOCHS, BALTIMORE, December 21.— Sales. STOCKS. Last sale. 45 Arundel Corporation. 70 Black & Decker com 1C & P Telephone Balio pid. 3 Commerclal Credit pfd 2 Consclidated Gas com.. 100 Consolidated 5% @ 30 Consoligated Conl com. 50 Delion Tire & Rubber com. & Deposit Co. t Nutional Bauk. I prd.... 1000 Marylan 2000 United Rallways & Electric 15t ds Most of the | 500 Muncie Gear A. .. 150 Muskegon Motor Spac lonal Battery 33 5 Elect Pow A 100 Secur Invest 350 Secur Invest Sif. 430 National Unjon Radio 300 Noblitt-Spark 4 450 Nort 150 Nor Amer Ligl P& 1280 No & So Amer Corp. 100 Northwest_Bancor, 200 Oshkosh Overall 100 Oshiicsh_ Overell 450 Parker_Pen 100 Sully Frocks 19 1050 Seaboard Utilities ... d Steel 50 0 St 1050 Steinite_ Radio 2 n ) & Co. 50 Studebaker Mail 0 Swift & 23% 8 Pacific, [ * Trans Corp ‘e 6 08 O0R OR 08 m";g;gflm;_-m D dol %00 op Iast quarterly or semi. “I am your father's mother, I am Mrs, Colfax, I daresay your sister told you." “Yes. But I don't want sny help 'inols P L 420)... been the avenue of the Great Norih Imp O1l Can n (50¢). ndiar, Terr [Hlum. 310 25% et Esaon-Sanst 3 261 1% ity tween Chicago and the Twin Cities. FOREIGN EXCHANGE. sqacacg= r Bros s '3 st Tex Ut 8% A vestvaco Ch 61:8 Wike Cent 5s_'30 2 Agr Mtz Bk 3t B 8Buen Ar Pro 7las 47 0B 0 S o t B GW 9 Gelsenkirchen 6s '34. . Ger Cons Mun Gs ’47 1 Hanover City 7s '39.. 3 Hanover Cred 65 0 Jta] Sup Pow 6% 91t Sup Po 05 A ' 7 Prussia F S 6 2 Ruhr G Co 648 A 8 Russ 6/.s ctfs N'C 2 Russtan 518’ 21 w xw—Without warrants, Insull Uth Inv.. 584 BR Wall Street Briefs By the Assoclated Press. List prices of Chrysler automoblles will be increased from $20 to $100, de- pending on the type of car, effective January 1. This was announced today by the Chrysler Sales Corporation. The announcem.nt said that the increase was made to “maintain the high qual- ity of the produ Business failures in the United States this week, as reported to R. G. Dun & Co,, totaled 498, an increase of 16 over the number report’d in the preceding week, and compared with vhe 491 de- 181, k dividend 581 Tock b Pavanie’) i1y extra $Pius ext n stock."'d Pavasis In stock s Payable in in’ orefel faults of the corres year, The net operating income of York, Chica 6‘:‘ oA Plate) Railros $1,591,203, as against $87 vember, 1928. 11 months was with $8,506,360 last year, Dividend disbursements by the Gil- lette Safety Razor Co. during the year 1929 wrre the largest { additional shares, The company con- 8t. Louis for November, 9, in No- ‘The aggregate’ for the $10,193,083, contrasted | Co for the same periodl | Tidewater shy Assoclated Ofl, : - ponding week last | templates production next year of 20,- 000,000 of its new model razors. Directors of the Tidewater Associa- (Nickle | tion Oll Co. have made a new offer to totaled | exchange shares of the compaoy for the remaining common stocks cf the Tidewater Oil Co. and Associated Oll One and threesquarters shares of Associated ars one share of Tidewater Oll, and three ares of the former for one share of Directors of the Mesta Machine Co. of West Homestead, Pa., manufactiers of Rolling Mill Machinery, have voted lwlcfl-lor-l stock split-up, applicable to stocks of record January 10. from you. Don't think that. I can work. I want to work. I don't want—charity." “Charity and duty are not the same.” “What duty do you owe me that you didn’t owe to my mother?” Missie de- mandzd_uncompromisingly. Mrs. Colfax winced. “It has not been easy for me to come here. I must ask you not to make it any more difficult. I rea'ize that you have had a shock, a grcauv shock. Perhaps I shoud have waited & day or two. Please sit down. I find it hard to talk to you when you are standing Missle sat down. There was something compelling about the thin high voice, and som-thing pathetic about the trem- bling of the high jet trimming in Mrs. Colfax‘s bonnet. Outside the carriage horses were moving restlessly on the cobblestones, and down the street Mzt y S-lden was practicing the “Minuet. Never in all her life was Missie to hear ‘The protest of the Chicago, Milwau- kee, St. Paul & Pacific against the mer- ?tr of the Northern lines has been based for the most part on the unfairness of the position in which it would be left it Great Northern, Northern Pacific and transportation unit. With the Burling- ton divorced from the other two lines, therefore, the status of the “Milwau-| kee” is improved. It is to remain in its present form with no additions or sub- tractions. In fact, most of the readjustments, aside from that in the Northwest, are planned for territory east of the Mis- slssipol River. The Unlon Pacific would be affected only in that it would have the Kansas City Southern, a line with jihich it has had some financial rela- tionship tn the past. ‘The “Santa Fe" would get the Chi cago Great Western, the Illinols Cen- W. B. Hibbs & Co.) London. pound... franc .. Burlington were allowed to become & Som reRuc, Crow Warsav. C TREASURY CERTIFICATES, (Reported by J. & W. Seliyman & Co.) Pate—Matyrity Bid Qier, s Mar 15, 1930. . 100 14-32 100 1 5 Juae 16 1930 2 100 2 5 Bept. 9 9926-32 98 29-33 128 Mar 3 2 90 20-32 3i3s Sept, 932 99 20- 3'2s Dec. 99 20- nt Stock sales today, 15! Net profit of the United States Smelting, R:fining & Mining Co., for the 11 months, ending November 30, was $4,456,448, as contrasted with $3,- 608,928 for the first 11 months of the preceding year.