Evening Star Newspaper, January 8, 1930, Page 15

FINANCIAL. CHANGES N CURB ISSUES ARE SMALL Market Backs and Fills After Lower Opening—Trad- ing Is Quiet. BY JOHN A. CRONE. Special Dispateh to The Star. NEW YORK, January 8.—After open- ln‘ lower today, stocks on the curb backed and flled as trading simmered. Some ultilities such as the Common- ‘wealth Southern group, a few motors like H. H, Franklin Manufacturing and some investment and trading com- pany securities were prominent because of their comparative activity or wide fluctuations. Commonwealth Southern warrants at times were up nearly a half point flecting the common shares rise on the big board. These movements were based on the merger plan whereby Commonwealth and Southern acquires Allied Power & Light and eliminates three intermediate companies, Com- monwealth Power Corporation, Sout! eastern Power & Light and Pen Ohio Edison Co. Virtually all securities involved in this capital simplification appeared early on the tape. Allled Power & Light common was up fractionally and the pr!larrld at_intervals was up more than 2 points but the first preferred was a shade lower. Commonwealth Power preferred also slightly lower, but Southeastern Power & Light participating preferred ‘was up more than 5 points and Penn- Ohio Edison prior preferred up nearly half that much. Penn-Ohio B warrants were down early about 3 points, while the preferred showed a slight gain. The newly created $6 preferred Common- wealth & Southern, which will be exchanged for outstanding preferred stocks of the other companies, opened on the New York Produce Exchange at £67;. and rose fractionally later. Omission of the H. H. Pranklin com- mon quarterly dividend yesterday caused the stock to open 5% points lower, but near noon it reeovered all but & frac- tion of its early loss. Durant and Stutz were active and most of the time point- ed higher. Amusement issues were mixed. Pox Theaters A moved lower while General Theaters equipment moved upward. Graymur Corporation again opened Jower. Transamerica Corporation was little influenced by the annual earning statement. Deere & Co., Great Atlantic & Pacific Tea Co., Tubize, Singer Man- ufacturing and Safety Car Heating & Lighting Co.. among the hl‘MhDHce‘ trials, showed moderate gains. GRAIN MARKET CHICAGO, January 8 ().—Affected | by upturns in Liverpool quotations, the wheat market here scored something of an advance ‘early today. Foreign reports indicated that wheat shipments from Russia would be small, Besides, a fair amount of export business in North American wheat overnight was announced. Opening % 17 33 cent higher, Chicago wheat afterward scored additional gains. Corn, oats and pro- tisions wei also firmer, with corn values starting unchanged to l3 cent up, and subsequently continuing 10| harden. With Russia apparently fading out of pictures of the wheat market situation and with prices abroad advancing, Chi- eago wheat traders found fufure de- livery offerings scarce at times today and the market here tended decidedly upward. Advices current suggested that Russian sales of wheat to other coun- tries were mostly seal parcels 'hu:h 1d not be readily moyed back Russia - frém. Black = Sea m and that the most convenient method was to sell the wheat for export. In same quarters predictions were made &hltfluuh'fllmupflllmlbl more than 10,000 tons. Overnight transatlantic purchases o!‘ wheat from the United States and Can- ada were estimated today at 400,000 bushels. Canadian wheat in this total ‘was bought for Great Britain and do- mestic hard Winter wheat went to con- tinental Europe. Furthermore, numer- ous inquiries from overseas were report- ed at prices near to & working basis and it was asserted that Russia was after a cargo of seed wheat from North | America. NEW YOHK COTTON. NEW YORK, January 8 (#).—Cotton opened steady today at an advance of 3 points to a decline of 1 point and soid about 2 o 4 points net higher in m-l early trading on covering and trade buying inspired by the declines of yes- terday afternoon. There were rumors of trade buying orders around the 17 cent level for March and after selling at 17.02 March rallied to 17.05. Offerings were light and the market held within 2 point or two of the best at the end of the first half hour. Liverpool cables contained no partic- | ular incentive either way, advices fo | the trade here said that London and Bombay selling had offset_continental buying in the English market. It was reported that fears of increased India dutles were restricting business with that country in Manchester and that the decline in silver was attracting the demand from China. wi CHICAGO LIVE STOCK MARKET | CHICAGO, January 8 (#).—(United States Department of Agriculture) — Hogs—Receipts, 26,000 head, including 7.000 head direct; market, 10 to 20 higher; top, 9.95; bulk, 140-230 pounds, ©.70a9.90; 240-300 pounds, 9.5089.7: shipping demand broad. Butcher: dium to choice, 250-300 pounds, 58 9.75; 200-250 pounds, 9.509.90; 160-200 pounds, 9.60a9.95; 130-160 pounds, 9.50 2995; packing sows, 8.25a9.00; Digs, ‘n::lum to choice, 90-130 pounds, 9.90a Cattle—Receipts. 7500 head: calves. receipts, 2500 head: fed steers and yearlings, 15 to 25 higher: fairly active at advance: yearlings and light steers up most: top yearlings. steers, 15.50; In-between grade offer- ings selling well Slaughter classer: choice, 1300-1,500 pounds, 12.50a16.00; 1.100-1300 pounds, 12.50816.25; 950- 1,100 pounds, 13.00a16.50; common and medium, 850 pounds up, 8.75a13.25 Fed yearlings, good and choice, 750-950 pounds, 13.25a16.50. Heifers, |ood and choice, 850 pounds down, 12.50815.75; common and medium, 8.00812.50. Cows, good and choice, 8.50a1100; common and medium, 6.50a8.50; low cutter and cutter, 4.7526.75. Bulls, good and choice (beef), 9.25810.00; cutter to medium. 7.0089.50. Vealers (milk fed), good and choice, 13.50a16.00; medium, 11.25a 13.50; cull and common, 17.25a11.25. Stocker and feeder steers, good and choice, all weights, 10.50a11.00; common and medium, 8.25210.25 Sheep—Receipts, 14,000 head: mar- Xet slow; weak to 25 cents lower; early bulk fat lambs. 13.50 to 14.00; extreme top, 14.25; fat ewes steady; feeding Jambs nominal; lambe, good and choice, 92 pounds down, 13.25 to 14.35; me- . 1175 to 13.25; common, 10.50 to ewes, medium to cholce 150 pounds down, 8.50 to 7.50; cull and common, 3.00 to 5.75; feeder lambs, good and choice, 11.50 to 12.85. Steers, good and eAsomu; PlICES NEW YORK, January 8 (#)—The Magnolia Petroleum Co., a subsidiary of the Standard Oll Co. of New York nnd other oil companies have made ustments in gasoline prices in the | under existing Ia 'n territory similar to those an- nwneed last week by the Standard | was GCIIIIOS Ofl ‘Co. of New Jersey. The readjust- 16.25; weighty | | NEW YORK CURB MARKE 2 Bowiptan Al P &L 1stpf 5. Allison Drug 8t A Alu Co of Am pt (! Am Chain (3) Am Cit P&L A (23). Am CP&L B (b10%) AmCwith PADI0%. AmCwith PBb10%. Am Cyanam B (1.60) Am Dept Store: . 3 BT T LTI TS Am Equiti Am For Power war.. Am Gas & Elec (11). Am Invest Inc B 10 Am Lt & Trac (10).. 768 Am Mfg Co (3). 1008 ‘Am Salamandra (3). Am St Pub S(A)1.60. Am Superpower (1) Am Super 18t pf (6). Am Thread pf (25c). vette (new) wi. mn-v (73e). m vot (73¢) Rad Tube. R L rend.88e~n 4 Asso Rayon pt (6) Aut V Mcv prpt ( Aviation Cred! Bancomit new (1.6 Bickfords, Ine (1)... Blaw-Knox Co (1)... Bliss Co (EW) (1).. Blue Ridge Corp Blue Rdg cv pf (a3). Blumenthal (8)..... - Seen = osen I3 =1 Bi B Br Ltd rets Buckeye PL (4).. Buf N&E P pf (1.60), Rurce, Ine (war).... Rutler Bros (1.20)... Bwana M Kubwa..., Cab&Wire LtaB rets 3265 Cab&WireLtdpt rets CAMCoe C A MCocum pf Can Marcont Carib Syndicat: Carnation Co ($134) . Celan Cor 18t pf (7). Celanese Corp pt(7). Cent P8v A (a1.75), Cen States El (1 Centrifug Pipe ( Chain Stor.8tk (b6 Ches & Ohio (new). . Cities Service (330¢) Cities Serv pf (§). Club Alu Columbly Colon OIl. » o Comwith Pow pf m. Community Wat Ser., Consolidated Copper. Con Gas, Balto(3.60) Con Gas Ut A (2.20) CraBpf (3%) Curtiss Wright wa Cusi Mex Mining Darby Pet (1). Davenport Hos (2).. De Forest Radio Deere & Co (6) Detroit Aireraft Cor. Detroit Motor Bu; Dix Gas & Utilith Douglas Aireraft. Dubilier Cond&Rad. Durant Motors East States Power B, Fdison Bros Stra(1). Eisler Elec Corp ¥l Bond & 8h (b8 ¥l Bond & Sh pf (¢ Elec Pow Asso (1).. Elec Pw Asso A (1).. EIP&Lopt war.... Ei Sharehold (£1)... El Sharehold pf ( pire Fire Ins. pire Pwr Corp: p Pub 8v A(1.80). Svans Wallow Lead. Fabrios Finishing. .. Fairchild Aviation Fandango Corp. Fansteel Products Federal Screw (3)... Fiat Stk deb rts reta. Firat Nat Copper. Florida P&ALt pf (7 Ford Motor Can A... Ford Motor Ltd. Foremost Dairy Foundation For Sh Somem smnene = aeeEo e Snanmal sarSenan Franklin Mfg pf Freed-Eiseman Ra Garlock Pkg (1.20).. General Baking. General Bak pf ( General Cable war n El Germ rets. Gen E Litd rets (80¢) GenGas& El (A). .. Gen Indus Aleohol Gen Rity & Utilitles Gen Theat Equip vts hert (A C) (1). Glohe Underwrite: Geolden Center. Gold Coin. ... Gold Seal El Graymur Corp. . GrA&P Teapt GrA&PTnv(5) Groc Stors Prod vic. Ground Gripper (1). Guit Oll of Pa (1%). H'd Page p pf (19¢). Hazeltine Corp (1).. Hollinger Gold (60c) Houston Gulf Gas. .. Hudson Bay M &S. . Hydro Elee Serv (2). Hygrade Food Prod. Tllinois P L (20). Imp 011 Can reg (50c} Indian Terr Ilum. .. Tnd Fin etfs (b10% ). Insull Ut Inv(b8%). Inx Coof N Am (2).. Insurance See (1.40) Intercoast Trade (1) Intercontinent Patn. Intl Petrol, n(82%e) Intl Saf Raz, B (13). Intl Superpow (31).. Tternatl Ut A (3%).. Internatl Ut B Intersi Trving Air C Italian Superpow A Johnson Motor Co Kirby Petroleum Kolster-Br (Am um 1% 12% 1 VG- STAR, WASHINGTON, D. C, WEDNESDAY, JANUARY 8, 1930. ~Prev. 1920.— High. Low. Recoived by Private Wire Direct to The Star Ofee Stock and Dividend Rate. Nadee om lma h-. 3 Lefcourt Real (1.60) 23 Lehman Leonard Lion Oil Mid Wes Miller & Mo-Kan Moh HP Morison Nat Pub Nat Stes] Natl Tra Newmon Niagara Ni Noranda Param C Penn Me: PeoL & Philip M Pick (A) Pittsbgh Polymet Pub Util Roan An St Regis St Regis Rafe Car Schiet & Selected 4 Select In, Silica Ge! Sunray O Timk De; Trans Al Tri-Cont Tri-Cont Tri-Cont Tri-Utili Ulen & C Ungerlei United C| United Cy United S 4 Vacuum Venezue Wenden oash of -wck s, Lone Star, ) Long Isld Lt pf (7).. 108 Louisiana Lan & Ex. Mangel Stor Bottling. Mayflower A Memph Nat Met & Min Inc (1.20) 4 Mexico Ohio Oil . Mid W Ut cv pf xw8. Mid Royalty ev pf 2. Montecatini deb rt; Mount Prod (1.60).. Nat Amer Co (2). ... Nat Aviation. . Natl Fam Strs (1.60) Nat Fuel Gas (1).... Nat Investa-= (new) Nat Sugar N J (2)... Nehi Corpn (1.30) ... New Mex & ArizLd. N Y Rio&Bu Aires. . NY Invest (1.20)... N Y Pet Royalty (1). NewEng T&T (8).. Pug S P & Ltpf (6). RainbowLumProd A Rainbow Revnolds Met n 2.40. 4 Rike Kumbler (2.20) Rochester Cent Pow. Ryan Consolidated. . Transamer (31.60).. Tran Con Air Tran Tr-Lux DLP 8 (A). Truns Pork Stores. ., Tub Art 811k B (10).. 60, Un NG Can (1.60).. Union Tobaceo. Ttd Carr Fastnr 1.20° United Dry Dock: United Eleé Ser. .. United Gas Co. Unit Lt&Pwr A( Utd Lt & Po pt (§) United Milk Prod Unit Molasses Ltd TUnit Rt Ch pf (315 U 8 Finishing (12) U S Lines (50¢) . Unit 8h Mch (13 Unit Verde Ext ( Util Pow & Lt ($1 Utility & Ind. Utility Equities. Yan Camp P pf(13,). Vick Fin Corp. Walgreen Co. Wi % Watson (JW) Co. West Air Exp (60¢). White Sew M de rts. Williams R C (1.40) Winter (Benj) 5 Zonite Prod (1.60)... RIGHTS. So. Cal. Edison. . uRividend rates 1o doliars based on tPartl Pl t1 bayable In stock. ' d Favabie Lefcourt Real pf (3) (The) Corp. oi1 Lerner Sto Lily T Cup (160) Refin (2 ow (304 21 t Ut (b8). Sons (2).... PL(b5%). 18t pt (7).. 8 Elee (21)... 8v A (1.60). 1 Corpxw., de Journal, 2 PITUPASTFIN. PHCI0L ST F P o t Min ($4) .. BT E 5 Hud P(40c) 32 Hud Pw A war. 9 Hud PwBwar. 1 ara- Shars b1-40 Mines (3).. North Am Aviation. . Ohio Copper. . Otis Elevator ne: Pac G&El 15t pf 1 Pac Tin Corp Spe(5). Pandem Oil. Pantepec Oil Parke-Davis (+1 1 2 s 81 Mfg (2.40). 6 2 x Fuel (2) 1 1 Penn Ohio Ed (313 ). Penn Ohio Ed B war. 1 Penn Ohio Ed pt (6).200s Penn O Ed pr pf(7). Pennroad Corp. . 5108 76 PA (a240). 1 Perryman Elec Co. .. Petrol Corp (1%). orris Inc. B & Co pf Pilot Rad T A (1.20). 1 Pitney B P n (20¢) Pitts Forging Co. Plate G 13. ', Mg (31).. Powd & Alex(1414). Power Securities. .. Pratt&Lambert (15) Prince & Whitely. .. Prince&Whitely pf3. Prudence Co pf (7).. Prudential Inv AN Hold 15 108 LumProd B 1 telope Min. . 1 0 2 1 2 1 0 Paper (1) 6 Pap pf(7)..250s H&LL(110) 1508 Salt Creek Prod (2). Zan (1%3) Seeman Bros (3) Tndustries dpri5%).. Sel Ind allot cfs 5%. Seton Leather (2). Shattuck Den Min. andoah Corp. 1et Sil King Coal Singer Mfg Co (126) 20- Sisto Fin Corp. 4 Sonora Products So Am Gold& Plat SEP&LDL(T) . 8o Cal Ed pfB(133).. Standard Motors. ... Stand Ol Expt pf(5) Stand Oil, Ind (23%) . Stand Oil, Stand Ofl, Stand Oil, Neb(1313) s Stand Pow & Lt..... St Pow & Lt pf (7) Starrett Corp. . . Starrett Corp pf(6).. Stern Bros Betfs. ... Strauss Roth. Stutz Motor Ca Sun Inv... 0 @@)... (1.60). )il (40¢) Ewift& Co (8). Tampa Electric (3)- Thermoid Co (2).... Third Nat Inv (1)... Thomp Prod A $2.40. t Axle pf(7) 10 r Trans ef: Corp war inental Co Corp pf(8). ties. . ! " Py BrommnRon~ Se=calean der F Corp.. h ptpf (3).. orp war tores. . Oil (1434).. ummrzbc). L T T TH L - TP T Tt T Y Copper. Expire. Apr.12 .Mar. 5 8 2% 1% 1 21 '! 08 07 07 last quarterly or semi- in stoc] 'NEW BANKING BILL INDORSED BY PLATT By the Associated P Edmund Platt, vice governor of the PFederal Reserve Board, appeared be- fore the House banking committee to- day in support of the McFadden bill, to authorize the board to permit with- drawal of any State bank or trust company from the reserv. stem with- out six months notice, as is Tequired lhlt the law lly prowct the M“Tnht:‘m rough sudden with- Explainin, embarrassment th ments amounted to the lowering of dnnl of l;rcnl h-nn Platt said the prices at points on or near the sea- sompete with gasoline brought necd lllnlhr bill already has heen re- hoard to * % {rom the West Coast through the Pan. pomd by me Senup finance committee. L1 - he would like to see the Federal Reserve system made volun- tary, so pny State or national bank cmlld join or withdraw at will. He also recommended passage of | another bill, introduced by Chairman | McFadden, to empower the board to| cancel the Federal Reserve Bank stock | held by & member bank when the mem ber has discontinued its banking opera- tions. When such & situation arises, he ex- plained, the members sometimes re- tains its identity as a corporation and continues to draw dividends on the Federal Reserve stock. METAL MARKET. NEW YORK, January 8 (#).—Cop- per steady; electrolytic, spot and future, 1 lmnqu L\uu‘.hll'd Tin easy; 39.37; future, 40.00. New York us Antl- | irregula tive bu]lfll rails advance. lin Manufacturing drops 5 polnu but recovers. Foreign exchanges easy; Spanish peseta lowest in several years. Cotton s ; trade buying and cov- ering. Sugar quiet and steady. higher; firmer Brazilian markets, CHICAGO, January 8 (#).— Wheat higher; unfavorable weather Southwest. Corn steady; small receipts. Cattle higher. Hogs higher, ‘Walgreen Co. December, "20, sales up ;n per cent: 12 months., up 48. per Operating 307 stores on De. umhr 31, 1929. Western Union Telegraph 1029 nlas placed at $150,000, 000 by presiden “'lnd“ .,,vlrw ' | 50-pound TRADING IS DRAGGY ATD.C. MARKET EEEE m_uhkml\v 2.0083.35; few th-u-un- demand light, Weather Causes Slow Deal- | Birs ings—Poultry Receipts uefidlflmbflkmm.ht "#| retailers were not on hand M thetr ususl large numbers. Pairly heavy receipts of poultry, many chickens and s smattering of turkeys, ducks, geese and keats were reported this morning. Part of the receipts of chickens came from the West by way of New York, while other. receipts were from nearby and distant points in Maryland and Virginia. Some of the turkeys held back by raisers during the Christmas holiday season because of low prices are begin- to reach the local market, and a ly good demand for them has been registered the past few days. Butter and Eggs. Butter and egg receipts. continue to increase, according to dealers, prices this morning continuing st prices quoted yesterday, current receipt eggs selling at 44 and 45 cents, with dealers pre- dicting a further decrease in the next tn dul . produets, no ially plen- fiful attracted the atten fi of retail- ers and consumers this morning. Some of the fish were from nets along the Potomac River below Alexandria, while others came from Boston and the South. Fruit and vegétable supplies in the commission house district and on the farmers’ line continued to give the place a Spring-like appearance, quanti- !-i.l of kale, spinach, lettuce, beets, car- rots and other vegetables, appearing as fresh as nearby produce, being dis- pllyed u; the best advantage. cabbage sold around $2.75 & hamper, dealers managing to m rid of receipts without much ef- Caulifiower, product of Cali- lornh, was offered at $2.25 and & crate, while lettuce, as to size and from $4.50 to $6. Peas, lnul. m plmuhu enough t and $6; :;nsn ns nlnnl at tmu $2.25 Increased receipts of sweet potatoes were offered at 82 s bushel buket liberal supplies of white potatoes to size and qudlly. selling at a l:lrly wide range of Prices of nfil! ‘commodities this morning were lubuhncmly the same a8 prices quoted yesterda; ’l'l‘l!’l mhh Market—Jobbers’ Prices Slightly Higher. Butter—One- exflund prints, 38; tub, 37: store packed, 25a30. Eggs—Hennery, 48a50; fresh selected, 47; current receipts, 44ad8. PBoultry, alive—Turkeys, young, 30a32; Dld m 27a28; l ing chickens, large, medtum, brotlers, 30a3: hm’nl 20a23; muun, Dre-cd-—'nnk io'llw a35; 5 40; fowls, 32a33; Leflwm 20. 27; ducks, 28a30: roosters, 23a25; ca- lders, 22. f::nt: bulk, “1';;, e packages, 13%. Tive stoock—Oalves, 16! Jamse, 13a1 Fruit and Vegetable Review: complled e Service Agricultur: ppl Pl ibera demand moderate, market steady. Boxes, Wash- ington, medium to large size, extra fan- 3.75; mu)' P, lu around 2.00, few fine quality, high as 2.50; U. 8. No. 1, 2% iniches up, Stay- .50, Vi ia and Pennsyl- 3% inches up, Yorks, 1, :Q' inches up, Yorks, mmuy ‘175, few high as 2.00. Penn- No. 1, 2% inches up, Yorks, from common storage stock, 1.25. Cal uj moderate; demand mmb:::nm l’l:ulht steady; New York, d sacks, Danish type 2.2 5 sac! n- ish tm 2.0083.10. uh demand —Supplies lkht, nurket steady. California, crates, fair quality and condition, Y crates l.nflmdullly mhea and pre- cooled, 3.50. New York, crates in the rml,h mostly 3.50. rida, 10- inch crates ordlnlry quality green, 2.50 #2.75, mostly 2.7 Lettuce—Supp! light, market nbouz California, crates, Iceberg Iypl‘ dozen. mostly 5.00; fair quality, 4.75. Onions—Supplies moderate; demand light, market stesdy: Ohio and New York, 100-pound sacks yellows, U. S. No. 1, medium to large size, 2.2! dium sise, fair qnlmy 1.90; Colorado, "sacks, vnleneh type, large to very large size, 1.65a1.85. mhu—lu’p light, market about fl sacks oretn Mountains, U. 8. |3 -mu{ 120-] sacks, U. | l " No. 'w_York, 150- pound sacks round white, U. 8. 4. 60 some fair qualit) 35. beans—Su Trbet himsecs. gradn, stringiess, 3158 el hampers, n, stringless, 3.00; mpe 2.75. es moderate; de- Cucumbers — Practically no supplies | Sent on_the market. ‘Tomatoes — Supplies very light; d mand light, nurkez slightly stronges Cuba, sixes, ripes and turning, wrapped, fancy count, 6.0026.50; 5.00; repacked threes. ripes, wrap) fancy count, 4.! choloe count, 4.00a4.25; Ohio, 8-pound ets, hot- house, medium 'sise, few sales, 2.75. fair quality and_ condition, 1.0081.2 poorer, low as 50; Virginia, Norfolk section, bushel baskets, Bavoy type, fair B quality lnl condition, 1.3 er—Supplies 1 ifio ht; demand light, market steady; Ca ornia, . pony i moderate: demand 7 steady Florida, | Bank of choice count, | Fulte, CHESAPEAKE‘ & OHIO ARRANGES 1930 BUDGET The ' recently completed budget amounting te some '$30,000,000 ex- penditures in 1930 provides 5,182 dif- ferent units for the Chesapeake & Ohio. These include 38 _freight locomotives, e g CHAIN STORE SALE UPTBPCT. IN YEAR) 525 December Business Shows 11 Pct. Gain Over Same Period in 1928. FINANCIAL. L MACHINE TOOL SALES HOLD‘KT GDOD LEVEL® m ’Oll. unry l—~'hih h' u-lrrd in the and machife-tool markets o(theNlumlnmmwul sec- deale indicated N-v York manufacturers predict that 930 will equal 1928 in volume of sales. UPTURN IN STEEL OUTPUT REPORTED ber—— | PTices Remain Irregular, Says 50 switehing engines,. 40 extra large (G O engine tenders, 2,000 50-ton. box cars, 1,500 57%-ton géndolas; 1500 70-ton mmun,nmummu.-“"" senger and baggage cars, 41 steel pas- | Mori senger ceaches and 6 mail and. express oars. DOMESTIC BO) ORien, Lo, :;: g é' "3: um umlnum gfggf_ai;; 3% a2 g5 2 NN 55 3 Seaves Ve aee At 2288823 207, 25283 LE 233332838 SEESFRRERS Do H "8 ZARZE 222Es 93" 58 o) . 33838 53823 3 geshagy : S PRELET PR S Fanre .. 328 e 828 Bz o CEELEW e WO ZZZZZZ! o 2 . S 3:! B FEEEELY esggg_é_fé‘é: 3 Irees CaEgenys i 5 s &t . 2 3 ANSTSLBIXTEL= = 3 Ww—With w InWithout “warrants. NEW YORK BANK STOCKS. NEW YORK, January 8 (Special) — e A 100 ke k§ 2 Zels 8 eEEHEEE BESERea¥EsEl » Galn $288 3 33! o SasaEasts: 53558 b3 o o e F ) - S STOCK AND BOND MARKET AVERAGES Prom Yesterdey’ ‘30 Bditlon. By the Asmoelated Press. STOCKS. (Copyright. 20 " Utilities. Total Com. 209.1 1602 1930, Standard Statisties Go.) BRI 592! 233 E!Ei%!‘i?.%fi Z58E. Hortson RO store Totals. .. . na.tm.'m $1,206,820.435 § ;| TWO VIRGINIA BANKS " AGREE TO MERGER Farmers' National of Tazewell and Bank of Clinch Valley Will Unite. Special Dispatch to The Star. T, well, Valley have agreed to consolidate the banks under the name of the Farmers’ Bank of Clinch Valley. . Under terms of the merger all pres- ent officers of both banks'will be re- tained as officers of the new bank, and have capital, surplus and undivided profits amounting to $260,000. FIRST STEPS.TAKEN pref TO CUT TIN OUTPUT Ted shares of Shenandoah Corpora Special Dispatch to The NEW YORK, January 8.—The steps to curtail tin production in ac cordance with the reeommmd-um o( the best authority that within the next few days similar announcements would he mnde h;rmmml.n'z companies of Producem Association, recenfly mme called for suspension of mining opera~ tions fog seven clear dx‘yn’m -;;c‘r: Ary an suspen: also mmy night to Monday morning each week during 1930. T, EQUITABLE TRUST COMPANY OF NEW _YORK 11 Broad Street Total Resources over $900,000,000 Real Estate Investments JAMES Y, PENNEBAKER Nat5201 1520K St.N.W. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. for 3, 5 and 10 year periods on houses, apartments and busi- ness property in Washington, nearby Maryland and- Virginia Randall H. Hagner & Company, Inc. . 1321 Conn. Ave. N! Decatur 3600 Mor, Lean Correspondent N “)"l Life Iussrance Co. ‘We Invite Applications for FIRST TRUST LOANS on Improved Property n Periods of 3, 5 or 10 Years BOSSE'”ELPS "?“ 1807 John Tnsarance Co. 1417 K 8t National 9308 Trade Journal—Future Trend Uncertain. T Preferred Stock Retired. NEW YORK, January 8 (#).—Re- tirement of mua outstanding er- The 'Comll;ercial National Bank Pays interest on DAILY BAL- ANCES on Savings Accounts. Interest starts from DAY of deposit and earned to DAY of withdrawal. Come in and let us explain Resources Over $20,000,000 14th & G Streets R. GOLDEN DONALDSON, President 6%2% First Mortgages NOTES Safe—Conservative a0t supies tunts < 42 Years’ Expenence work for you at vt sbaolute sale o’ s Wm. H. Saunders Co. Inc. REALTORS Dist. 1016 1433 K Pacific Mutual “Multiple Protection™ For Men and Women Y to ou fe 1T H Bl B DAY or 4 g TION $75.00 MONTHLY, .|'l ‘rgfil.w“ onths wil to_the al exeseds e $10,000 mour ,flmfi A'! B Company 62 Years Old Tsswed in larger or smafler amounts W. B. Daniels General Agent, Pacifie Matual Life Ins. Co. Suite 411, 1333 “G™ St. N, ‘Washington, D. C. Phone Metropolitan 3323 Without any obligation on my part kindly mail me full particulars in connec- tion with the above PRO- TECTION. Occupation ... doveioonees i