Evening Star Newspaper, January 11, 1930, Page 13

FINANCIA IN SELLING DRIVE Price Movement Reflects Evening Up of Accounts for Week End. BY JOHN A. CRONE. Bpeclal Dispateh to The Star. NEW YORK, January 11.—Curb stocks after opening dull and lower to- day turned moderately active and con- tinued to slip steadily as offerings in- creased. Pivotal issues gave way first. thereby creating some nervousness. Sell- ing, however, appeared to represent lit- tle more than the usual week end profit 8. The utilities and oils were first to feel the eflecu of selling. Then came air shares, radios, motors and some indus- trials.’ Electric Bond & Share and United Light & Power A came out at l"lhfly lower prices. The two active natural gas stocks moved little one way or the other. United Gas ranged within a point, while Arkansas Gas narrowed its movements. ‘The latter as well as Cities Service a) peared to be lmle affected by ts being planned installment pur- chasers huowlninm court victory of one such buyer Omaha Friday. In- dian _Territory Illumina however, met profit taking after its brisk run-up of the last several sessions. Reduction of fares to 5 cents a mile, making a coast-to-coast train-airline trip cheaper than a straight train Jjourney, was bearishly interpreted. ‘Transcentinental Air fell a point to 7 on the first two sales. New York, Rio & Buenos Aires, Inc., whirled Friday on merger rumors, opened fractionally lower today. Sonora Products, Inc., the most active radio, was a shade lower. Dubi- lier Condenser, after opening slightly higher at 11%, came out in a string, carrying it down to 11%. Durant Motors proved the leader in the motor list. After ning lower and despite the offering of 6,600 shares in a block, it held its ground fairly well. Ford Motor of France opened off 13 at 6%, but Ford Motor of Canada A was slightly better. Among the higher-priced industrials Deere & Co. improved. Tubize opened “D 3 points, moved slightly hlgher and met resistance. Waligreen in the chun store list slipped nearly a point. SHORT-TERM SECURITIES, (Reported by J h w. lehmlnmt Co, s5Ess .. BALTIMORE STOCKS. BALTIMORE, January 11.— 1400 Biited RN TANELE S G BONDS ON THE CURB l st saSBaBES O STEEREEARRAREET 334:3:3:.‘::3::::::33:555::3:' 3 3 F N EE S a0, 228 D 5 o o '!S> ~R388, 2 o & e EEREREOS: . . N maBenis %2 RETCH! 83t 830 % nh 7t 1 ¥1 us. “4 w: 5, 1943 "4' 20'«2 m/. B hio Fn;“? & wego Falls B Wr 6izs 43 BR S Pen PaLt Bila Hieebids Pittsb_Steel Poto Edis RSRR28222833s! F & R 5 3555 a0easens0s55e! Asri Mige Bk 75 47 Thas 47 Buen A Prov &‘B E4 3 | now an independent official and & board ia | of the Federal Reserve oper: ' | enterprises, with ~Prev. 1929, o llxl Low. Dividend Rai nt‘: 4% Aeme "W Co vto (tl). 7 Aeronautical Indu 5% Aero Sup Mig B. 48% 13 Aero Underwrite: 110 g.s ). 76 Am Cigar Co....... 100 10 AmCP&LRB (b10%) 18 AmCwithPADb10%. 22 AmCwlithPBb10%. 24 Am Cmwlth Po war. 20% Am Cyanam B (1.60) 14% Am Equities. . 254 Am For Power war. 70 Am Gas & Elee (31). 6% Am InvestIncB.... 190 Am Lt & Trac (10).. 15 Am Superpower (1). 3% Am Thread pf (25¢). 5 Am Yvette (new) wi. 14 Anglo-Am vot (73¢). 11 Anglo-Am n-v (73¢). 3% Arkansas Nat Gas... 4 Ark NG cm pt (60¢) 15% Art Metal Works(3) 3t Asso GAE A deb rts. 85 Asso G &E A (12.40) 1% Asso Laund (320¢).. 7% Auto Voting Mach. 12 Aviation Credit. - O OrNORS ) o oS - T 3 @ ~aRos -~ 23 Blue Rdg cv pf 27% Blumenthal (S). 314 Brazil Tr & Lt (2). 8 Cab&Wire LtdA reti 1% Cab&Wire LtdB re % C A M Co ctfy 8 Can Marcol 1 Carib Syndic 21 Carman & Co A (2) 30 Carnation Co ($1%). Carolina Pw & Lt pf. 43% Carrier Eng n-vA(1) 20 CentPSv A (al75). 93% Cen&SWUtilprin7. 12 Cen States El (340c) 4% Centrifug Pipe (80c) 9 Chain Stor Stk (b§). 20 Cities Service ($30¢) 10 Clev Tractor (1.60) 16% Columbia Picture: % Columbia Syndica “’K 2104 Com'with Edison (8) 124 1% Comwlth & Sou war. 96% 95% Comwlth Sounpf... “81 4 Consolidated Copper. 160 BRER® BB BB & Consol Cortes Silver, 71 Con Gas, Balto(3.60) Cresson Cons (lc . Crowley Milner (3) Curtiss Wright war. Darby Pet (1) Duval Tex Sul w.{ East Gas & F Asso. . Estrn States PB (1) Eisler Elec Corp Ba s Bew 8 Branns Empire Fire Ins... Evans Wallow Lead. Fandango Corp. - - Fren Line B (2.54).. Galena Signal Garlock Pkg ( Gen Am Invest ne General Baking. General Bak pf (6).. Gen El Germ rets. ... Gen E Ltd rets (50¢) Gen Indus Alcohol. . Gen Rity & Utilities. Gen Theat Equip vts ) 3 1 1 1 1 2 0 1 2 1 2 . 4 2 2 3 3 4 3 . 4 porey - 900 50,69 - 1= 0710 00 00 =2 Gold Seal EI Goldman Sac Gorham Inc pf (3). GrA&PTnv (5). Groc Stors Prod vte.. Ground Gripper (1). Gulf Oil of Pa (1%). Happiness Candy.... P wean - 3 - L L L R T T Hyéro Elec Serv (1). Imp Of1 Can n (50¢) Indian Terr Illum Ind Fin ctfs (b10 Insull Ut Inyéb! Ins Coof X Am (2).. Insurance Sec (1.40) Intercontinent Petn. Intern Perfume (1).. Intl Petrol, n(63%e¢) Intl Saf Raz B (123%) Intl Superpow (31).. Internati Ut B...... | Washington Ticker l BY CLINTON COFFIN, Associated Press Pinancial Writer. Proposals for a far-reaching recon- Btruction of the organization and methods of the Federal Reserve bank- ing system were submitted to the xfluflofl of nll!onll opinion duce Congress to legislate. iness, trade and civio :ssochunm mmwd with the chamber have been asked to give their views as to whether the Secretary of the Treas- ury should be excluded from member- ship on the Reserve Board; as to whether the controller of the currency, regumu banks should have increasing to vary their district re- dlscount Tates. recommendations cited, and some 18 others of relatively less importance, have resulted from a year-long siudy ations by & of notable Amzrlun executives cial institutions and business expert aid. Several of them were drafted in the light of l-hh nmm system’s long and troublous le with the credit crises of last ‘y.nr cldenz us the high tide of specu- . Wheeler of the First grou of THE EVENING STAR, WASHINGTO CURB ISSUES EASE |"NEW YORK CURB MARKET ~Prev. 1020.—~ Low. 284 30 N Y lnvoll (1.20) N Y Rio&Bu Alres Niag Hud Pw A war. Niagara Shares(50¢) Niles Bement Pond. . Noranda Mines (3).. North Am Aviation.. Ohio Copper. Ohio Ofl (2). Otis Elevator new... Outboard Motor (B). Pac G&El 1st pf 1% Pandem Ofl.....ueue Pantepec OIl. .. Param C M{g (2.40). Penn O Ed pr pt(7).. Pennroad Corp...... PeoL&P A (a2.40). Petrol Corp (1%).... Pllot Rad T A (1.20) Pratt&Lambert (15 Premier Gold (24 Prince & Whitely. . Prudential Inv, Pub Util Hold wa: PugSP&Ltpt (6). RainbowLumProd A Reiter-Foster (40¢).. Rel'nce Roosevelt Field, Ine. Royal Typewr(t3%). & St Anthony Gold.... 8t Regis Paper (1).. Schulte Un 5c-31 St. Sefderling Rubbes Selected Industri: Select Ind pr (5%) Sel Ind allot ofs Selfridge Prov 8 27¢ Shenandoah Corp. Shenan Corp pt(a Sterra Pac Elec (2).. Singer Mfg Ltd(30¢) Singer Mg Co (126) Sonora Products.... 80 Am Gold & Plat. . South Penn Oil (2).. 8o Cal EA pfB(1%).. S'east P&L pr pf(5). 34% Thomp-Star pt (3 Timk Det Axle p£(7) ‘Transamer (31.60).. ‘Trans Air Trans efs. 108% 20! ‘Tung-Sol Lamp (2) 28% Tung-Sol La'p pt (: ‘Winter pti annusl payment. *Ex-dividend, cash or 3 .07 Trans enoe has commonly been exerted in support of unwise policies. By no means! Treasury influence at times un- doubtedly has been a factor in securing effective action without unreasonable delsy. Even so, it is evident that resentation of the Treasury on uonn!. that uelva wn:fi::.‘ - o nsibility, ks ftnonnl rugo h-om representative influence which the country has the right to e stre) of men like Sec- n ths committee concludes, t against their inclusion on the boud which ought to represent & non-political viewpoint exclusively, and in advancing the idea its members nnuc\p-ta widespread discussion, to say the least. In istrative matters of the business bodies are em| “to nunet the flow of credit to lative channels when such flow is ely from experience. u-o t-von the initiation by regional | Lak 1 rediscoun t rate changes us4 tunher uh that regional bank thority to engage in market chase of bills of exchange shoul M continued. In spite of the strong stand taken against the influence of the Treasury on the Reserve Board, a feature of its eoneuct mtkod since the establishment of the syst chamber commlme Tasiats that the main it is not men who form the chamber's federated bodies will be asked specifically to vote within 45 days on the propositions submitted. “The board cannot ly be ex- pected to meet the anticipations of the framers of the Reurve act while it 233222373 FSTECES o & mm.lnwel to include the Secretary of he Treasury as its chairman, over- uh-dovln( the governor,” the eommit- tee recommendation on thh point, which ll likely to occasion the L con= troversy, says. the Reserve from Treasury in- fluence—it should be clearly understood, | dust is not urged on the ground: that influe W% nges in law. Mos ot it advances, it is eon- tended, can bowdulc Wwith under business world and Con; will react to the auuu ns. &l ‘These gayly colored and bright ligh of the Neon type whic] dhav: belcl%mt: so 'enenl a -Fecucle of nights in American cif he )flnu nuruu nna. of the world tlvely nn meull. 's com) mércury. So far 3&" t been trouble about me: and it is pmh-ble. as In dustrial matters, that 10 lnt-nun Equitfes. . % Interstat H M (1.40). 14 Kirby Petroleum. . Lackawanna Sec(4). Lehman (The) Corp. Leonard Oil. Lerner Stores (2). Lily T Cup (150) Llon oil R-fln ). x.oul-uu Lan & Ex. Mid Cp (1.30) Met Chain Stor Mid West Ut (b Midl Unit (b1 Mo-Kansas Pipe L. Montecatini de| Mount Prod (1.60). Nat Amer Co (2) Aviation. . Natl Fam Strs (1.80) NatFAPIB (b4%).. Nat Fuel Gas (1).... Nat Investors (new) Nat Pow & Lt pf (1) . Spie May 8 p! Stand Inves pt(t Stand Of], Ind (2 Stand Of1, Ky (1.8 Std Silver Lead Stein(A)& Co (1.60 Stromberg-Carl t1 Stutz Motor Car. Unit Lt&Pwr A(60¢) Utd Lt & Popt (68).. Unit Molasses Ltd.. Unit Reprod A...... % United Ret Chem A.. Unit Verde Ext (4) Unity Gold Utility Pw & Lt(a1). Utility & 1nd. . Utility Equitles. Vacuum Ofl (t4%).. ‘Van Camp Packing Venesuela Ptm(20¢. Viek Fin Corp. Wilson Jond 13" Zonite Prod (1.60)... RIGHTS. So. Cal. Edison....Apr.13 Cor Dividend rates in dollars dased on Wire Office ltoek ividend ltIL v'! N 18% 19% 09 3% 34k 1 Ltpf (7)., 2 - S, D e e LR LT T T4 .. !9% 5% I% o e DT T L P - S N e L L Lt T L LT Managemnt.. - .. - Son S o e On 1 OT s 1 B 8000 a0 b O - %3 4 - S T = PONO N ONOOE RO it e i DO 0N 00 00 N0 10 00 O e GO It 00 1o e RN OO O ) (Benj). .. 1 19% Expire. 28 2% 8 2% 3 seioo.Mar.6 8 08 08 .06 .06 last quarterly or seml- otk B Payuble o stotk. "4 Fafubie Toreferton svock. © some substitute will be developed in case of shortage. At present, the popularity of the reason remaining liquid at ordi ture, and also because of if conduct electricif nan the use of the glowin Some of it is States, hut the biggest portum of the world & comes pain. Be- cause of its odd character, me reolollna usually conclude that the world output of mercury is not susceptible of much expansion, and reserves of it in crude ore are relatively small. ‘The Great Lakes nbluly to combined water wer the Reserve mum hi long the gins reached a total of 39,383,000 tons, or about 7 per cent of the country’s entire coal uction, and 5,000,000 tons in excess olmaumpinn of any recent previous yea As an incident to u» lcth"! of the cn:u industry during the year, 'nu mmerce W figures that in 1029 the American it of iron ore reached & umu of 13.2 ,000 gross wm, 8 cent more than Of the 1928 !o(l.l ll mined rks ntmam:mwg the central ‘WOl central portion of the V. 8. TREASURY RECEIPTS. Treasury receipts January 9, $6.412,- 1833.69; xrndflum. $12,153,484.91; balance, lblt. 96. uusn! cn'rmcnu. i momlnfl' had reported. ‘What is needed to help busi- | 81de. % holesale fish *| hand VEGETABLE SUPPLY IS PLENTIFUL HERE | Better Business in All Lines Is Reported at D. C. Market. ‘There was no scarcity of commodi- ties in the wholesale market district this | Chin morning, wholesalers having supplies of all foodstuffs to meet demands and with some to carry over for the beginning of the coming week's market business. Buyers were out early in the morning to get first pick of perishable and other commodities, some of their buying for the week end trade having been done yesterday. Much of the meats, especially smoked this m¢ ahmned much of their supplies of poul- yesterday, waiting until this morn- g te get their fresh fruits and vege- tables. Business Improves. It was reported that business this ‘more snap than earlier in when draggy conditions were ness, according to merchants, is several days of much colder weur.hu. unseason- able weather invariably having an un- (;avonme effect upon trading condi- ns. Immense quantities of attractive fruits and vegetables claimed attention of re- tailers, supplies of green vegetables be- ing heavy enough to give the commis- sion house district & decided appearance: of Spring. Fruit supplies from Oalifor- nia, Florida and other States served as & reminder of Summer. Fairly heavy receipts of turkeys and immense quantities of chickens were in evidence the poultry market this morning, turkey receipts being heavy ool enwuéh almost to suggest a return of hristmas holida; y_season. ““Turkeys never looked better,” the comment of a dealer, “many of :hn- received this week being of particularly % | fine q;:my. and prices are not high.” d geese also were plonu!ul this morning, dealers stated, g\: prices they mentioned as cheap. Rabbits also continued plentiful, the warm welther earlier in the week preventing of them from reaching here in lflendld mndmnn They were so ntiful that dealers oflmd them at pflm ranging from 15 to 30 cents. “There was not much of a demand 2%/ for the rabbits,” was the comment of a dealer, “the demand seldom being great when 'the weather gets warm.” Municipal Fish Market and scattered houses morning were busy places, retallers being on o to get supplies for their week-end le. Butter and dealers this merning were filling usual week-end demands of retailers, many of the latter purchasing eggs only in small quantities, anticipat- ing & more decided decline in prices the coming week. Prices of most commodities this morning were substantially the same as prices quoted by dealers yesterday. Todsy's Wholesale Market—Jobbers* Prices Slightly Higher. Butter—One-pound ts, 3834a39%5; s % | tub, l'l%c!l%, store Egge—Hi , 25030, ennery, mnn: fresh selected, k“‘“' Sits rkeys, , 30832; 30; brollem. 30832; 47; current receipts, , alive— old toms, 27a28; 28a30; medium, 3! fowls, 27a28; 20; ducks, 15818, 36a31 iders, 22; smoked smoked shoulders, " 3:. bacon, lard, in bulk, 123; in /3 Live stock—Calves, 16; lambs, lflu Much interest was displayed in ocondition of the poultry market, n- ceipts ot ch:cum lucks and el gn vi while there was a irly M rinkling of turkeys and keats. Probably the most surprising 21 | feature of the poultry market was the receipt of much larger quantities of | em; turkeys than is usual at this season. “"The turkeys are in splendid condi- tion,” observed a detler. “They also are of all sizes, it possible for consumers to get just whn they want.” Dealers also had fairly large quanti- ties of capons to offer the trade 35 and 40 cents & pound, and the demand for them was good. Poul dealers also continued to receive quantities of 14 | TDDIts from nearby and distant places, some of them being only in fair condi- uon.lnanm-nnnetw«'wn eats were not so pxenum dealers ted, and the demand for them was fair. 'mey were quoted at 50 and 60 cents each. Commission house merchants. and dealers on the farmers’ line had their usual heavy luggllel of fruits and vege- tables, apples being the leader in the vegetable market. Sup ltel ol lpplu unusually heavy, were plled th on sides along the farmers’ line mn morn- ing | erately. D. C., SATURDAY, JANUARY 11, 1930. FINANCIAL. CHINESE PROVE GOOD STOCK TRADERS IN RECENT MARKETS BY W. A. WELLS, Associated Press Feature Service Writer, SAN FRANCISCO, January 11.—Chi- natown's first introduction to & full- fledged stock market crash has not shaken the Oriental’s stoleism. No:-n . it dnlmrm his 'fiol:'ndenee in his ab ay any gam game which his :’mupbmmer can think uj Playing the market in the sense made its bow in atown last July with the institution of the first branch brokerage office managed by hinese. Have Own Board. uum. were chalked on the usual d in columns headed with bom the m'lhh letter abbréviations and the Chinese phonetic équivalent for the name of the quoted s To & few of the more knowing ones stock trading was not mew. Many of them knew and were known along Montgomery street, or played the big board direct through New York business connections. ‘To them, principally, stocks and bonds vere regarded from the .investment wpoint and operations were preceded by ure(ul study of intrinsic values, past, ‘Proepecuee earnings, com- mercial position and management, The Oriental’s ready acceptance of the theory that stocks can Mwn as Termed “iathal-born bears.” and many “nad ” and my of- this group specialised on the lhm% The largest Chinese itor, perha the Targes; on the Packic Coast with ported to have made the rounds of the ofln-muha had accounts and to gl.om.m Just 24 g, A e initial big break on October 24 last. IAII’ Took Profits. p are said to have ri‘dd;:u lha llll pmtl of thousands ‘were joined other omnen tndar- to take a loss and mtch other side of the market has bwn widely re- marked. Advent of trading on Sacramento street, however, presented a less pro- fessional aspect. There were some who made a se study of security values, but to many it was just & new game wh;eh tul:ey could learn, like stud ponr Jority were on vmw b::lm-fr.y or x%xd hme&uum again,” was the typi- cal expression heard. ‘The branch office embmm by 8 bmkeme company has all th and lppumnlnw ot t-hc mad- crn shop, but chair nr:‘g:: of r.ha um office are missing from the picture of Chinatown. lllndnil I.n m«. alnnuly or ulh by u late: qummm lnd his business. dreds trade M!. but there are nldon more than & few as- sembled in front of the board at one out regard to racial distinction, is re- ' time. RETURN 70 BONDS SEEN BY BANKERS Investment Men Predict Much Better Balance in 1930 Selections. Speclal Dispateh to The Star. CHICAGO, January 11.—Optimism for increased general huflnm utlvm and improved conditions in bond ma:let dlaflfl. 1930 is expoehd to per- va be at the Club, Absecon, N. J., .Ylnutry 24 to 26. About 40 ofleeu and governors, repre- nting 1] investment 'centers ol m; UnlM tates and Canada, will whlle this meeting will concern ftself largely with mmm mmn: to l.numn.l '.'.5“'5 01!3:211 ) ernmu- Tvesiment sion_des ba opinion bearing on the future of fix lntenn securities 18 loolee for. The late stock market colla) ln- vestment bankers say, about a healthier lnveltment Pl which 1‘: findiny r'em?n in & renewed spprec uon TR pflnebu and esire on the part of peri eute and mb e interest rates and the continuing capacity of the general pub- lie to invest. While no one believes that investors il shun s in the future, beliel is general 't th!s investment buying will be better eed between stocks &nd bonds than for some time ipring | past and that fixed in securities will be readily absorbed in a volume sufficlent to meet all normal require- ments, provided that offerings are not forced on the market in too great a. NEW YORK, January 11 (#).—8tocks heavy: leading industrials - Bonds steady; Cul orthern mny 5348 rise more than 12 points. Curb irregular; Electric Bond & Share eases. Foreign exchange steady; Jap- anese yen rallies on removal of na embargo. Cotton higher; Farm Boar advocates acreage reduction. !unl‘ lower; trade selling. Coffee easy; for- elgn selling. CHICAGO, January 11 (#).—Wheat firm; reports Russian expo: ted. Corn firm; unfavorable weat Cattle irregular. Hogs lower, NEW YORK BANK STOCKS. NEW YORK, January 11 (Spectal) ] ge! ler. 538 5 i & 334 and haulers offered them as low as | Ot $1.25 & bushel, some inferior stock sell- ing as low as u. the highest price quoted bring $2.5( Onnn Receipts. Tty Plorida orange receipts have increased | \i2\% the past few days and this mornln dealers had large luvplm of them to offer retallers. ranged from $4.25 to $5. anefmu received in moderate quanaities, sold from $4 to $5. ‘There were plentiful luwlhl of ::::wbemu to o er """fl ""; coming_fro; ippers an of lendld uality. cause of ight demand dealers offered them low as 25 cents a quart, 35 cents bezn& quoted for the choicest of re- ceipts. ‘Tangerines were in moderate receipt, Florldn one-half boxu. as to size, sell- ing from $1.50 2.50 ey ncck bringing as much u $! pears, grapes, persimmons md ;me- apples were among other fruits of by_wholesalers, Lima beans, product of Cuban grow- ers, were to be had t.hls rices slightly lower than pi ursday, retailers finding uo a buke ca to enable t.hm to sell the beans cost $9.20 when received here and were sold at $10, but the price was so high that retailers did not take hold, and this morning wholesalers willingly accepted the price they paid for them. String beans were ceipt, supplies being heavier than the demand, bushel _ hampers, stringless stock. selling a6 §2.50 and $2.75, some of ordinary quality selling s low as $2. Green and wax beans, b\uhnl hnmpeu, were of- lfl.‘ll. Other. Vegetable Prices. in moderate re- ; oo Wastinglen Sui Trust Conpnnlu ; Bankers, new 18 Bronx, new Eontta> manover . Glinto: 258 su33Basy uray Hill Y. Title " 523883 'r'1iu nlM 8! tu FOREIGN EXCHANGE. (Quotations furnished by ? TP inee a”‘ ‘There was some splendid quality cel- | U ery offered the trade this morning, re- ceipts being reported light and demand not heavy. New York and California stock sold at a wide range of prices, quality of the vegetable and size of the crates being the deffrmining factors. Spinach md kale were in fairly heavy ueel t, some received from nearby and lorfolk, Va., lecnon, while other | at ma reeslp were e South. Califor- nh umm ‘were modmh -upply. s m-uy"fi fl‘."' m‘ 3 ) California and peas from California and Mexico were reported. Cauliflower, ny crates, sold at 83 and $2.5, while ‘gen -pound crates, were offered an d $6. Both varieties of potatoes, cabbage, bmeeou and other nceublu were nm“wwm CHICAGO STOCK MARKET. High, uw Close. Ll 100 Adams Mt 2SR5 .-:‘.‘:‘.u Faws aE *F axicr Laundries ndlx Avlfillun -g::g.::;.'%. a!__:‘.28‘_18&'-‘23--- beb-t g e R ] o 3 | B e A TESRE Faw SR b = & > SR E - G 7, 23 ;-:—..::*!:-mazzo 3 &, - = %::E.sr:.: FES T - SieeE e TS F Feh FEF . FEES O . FETF s &F B s FREE R SESRSSEE T 2% H %E 2oxsgaareee 1 "; - CECEEH LN 203, o 893 £ ™ '; . TG 3 “Sfiaxmss‘g:.:su ¥ g253 5s Souzsgus. !::: FE RIS P IESE 225 5! aEEI0y A= D, 3 » R !- 3 EESE e F EEF ms‘:gs.::::.. 2000 £l 3333, esaieurys.es: 233 sumeasee wasy S RTIFETFER Foset . S F R P 50 Winton Y PARIS, qutry 11 (A)~—Prices were firm on th se_today. ‘Three mr emt rentes, francs. Five per cent loan 107, francs 80 centimes, Exchange on London, 123 francs 90} centimes. The dollar was quoted at 2i francs 4434 centimes. BE ure P ‘dllrdl lnehino long side, but thers | € 0 A GAIN IN BUSINESS SHOWN IN SURVEYS Steel Output Greater—Buy- ing of Commodities Re- veals Improvement. Special Dispateh to The Star. NEW YORK, January 11.—The mino: changes in business 8o far in the new year have been mainly in the directior! holldly sales ane of wholesale and trade, accord. o the veelly reviews. One of the t factors in the general im- pmement has been &n easing of money. markets. R. G. Dun & Co.'s review of business - has doflnn:llly nfi!mn credit tension, while > the release of funds mfinp'om W v.mm required for & completion of re- M.immnu after a major nmnehl and the recent shock was espe- ally severe, “A strong basis for renewed prog-- ress e:llu. however, and scattered signs of gradual improvement lg“ ‘ looked this week. Gains are for following the mr-eml hollZ days and inventorying, and they have' come, although slowly, in one of the great basie industries. Thus steel out- put has risen above the low point of December and an additional increase, is .‘Fvflllufi wm};'thm has been some’ l'! of demand for copper, more pur<' of textiles and also of hides snd leather. The eontinued oaution by uncertainty regardin lies in mnmmn“muncef ment, and this ‘;‘mfle::m“m“m&n of larger commitments in the mm&c i, ‘Warm Weather Harmful. 1 “As usual, special Ji sales havel been lumnd in the ufi fleld, but distribution of seasonable goods has' been restrained in various sections by’ ined large turnover of medium-| -priced being partioularly satisfactory in view * Sruakrests s ol m““..‘,.."' i part: “Perhaps the chief outstanding ture of emkmtemmro{?:: :Fefltl has been the better buyl.n’ steel mainly on saccount m;he manufacturers who had been Situation in Lighter Industries. “In the other, and upechlly in th: lighter, industries, marked chll'ftl nmtnflrmumdmolopenmh leisurely. ent in cotton manu- i-etufln= is markedly in evidence, but silk _an slowing up effect on sales of 3 Opol.leclbnl have continued to “Bullding is, naturally, n s low ebb; this based country as permit months of in 215 cities were the lightest in Pao i mn b il year ago. year total itted for value in 215 N was smallest since 1922. The crease from 1028 was 11.8 per cent the decline from the peak year, 1 Was 24.9 per cent.” Contract for Dam Signed. NEW YORK, January 11 (#).—J. U White lon in Province of Coe guimbo, costing approximately 13,500, 000 pesos. STOCK AND BOND MARKET AVERAGES 's 8:30 Edition. Prop Yasterdsvs 83 Low (1929) .. 41 Total sales, 2,386,190 shares. pa » $8,950,000. (Copyright. 1930, Standard Statistics Co.) WE Solicit the Rental Management of Your Property Whether Apartment, Residence or Business Prompt Collections RENTS REMITTED THE DAY RECEIVED Our Rental Department is Most Complete and Efficient. We offer co-operation at all times in the solution of Ownership Problems. Randall H: Hagner & Co. Incorporated Mortgage Loan Correspondent New York Life Insurance Company 1321 Connecticut Ave. N.W. Phone Decatur 3600