Evening Star Newspaper, June 30, 1930, Page 14

1 . THE EVENING. STAR, WAQHL\'GTON. D. C., MONDAY. JUNE 30, 1930. NEW YORK STOCK EXCHANGE | IRADING IS QUET | (oo o BONDSwexexewwwer] |MAY TRADE HOLDS" e N BOND AR FAVORALE SN UNITED STATES. (Sales are In $1.000) Sales. High, Low. Close. Domestic Section Sluggish, Business in Fifth Reserve With Convertible List of District as Whole Re- S bRy Securities Dull. ported Irregular. 100% £5 1011 10030 1011 14 1024 1022 1024 6114 = i 30% | By the Associated Press. 378 10228 10224 10228 o NEW YORK, June 30.—Nominal in- | o FINANCIAD. NEWEST BUTCHER SHOP DIFFERENT FINANCIALS Sales. Pacific Gas & EI 58 PacT&T bs'52. Pan Amer Pete 6 Paramount 6 '47.. Pathe Exchange 7 Peoples Gas Phila Co b Phila & Read Phillips Pet 5. . Pilisbury F M 65743 Por Ric Am Tob 6s. Postal Tel & C§%s Pressed St Car 6x. Pub Sve G 435 °67. Pub Serv G 4%s 10 Pure Oil 53837 Rem Arms 6537, Rem Rand A%s war Richfield OIl 6s *44. Stnelair Of1 6x. Sinclair Ol 6 4. Sinclair Ofl 7s. Sinclair Crude 548 Skelly Oll 6% South Bell Tel bi Southwest Bell 5 Stand OIL NJ "46 Stand OIL. N Y.4%s. Sug Es Orient 7s. Tenn E1 Pwr 6847, Tex Corp cv 65 44 Transcontl Ol §%s United Drug 5 '53. U S Rub 1st rf 5 Utah Pwr&Lt Vertientes Sug 7s. Walworth 61s '35 Warn Bros P 6 Western Elee 5 Westn Union 5s'51. Westn Union 6%s. White Eagle 53;s Wilson & Co 1st 6 Win RepeatAr 7% Youngstn S &T bs. RAILROAD. Ann Arbor 4s. 10 8214 Atchlson gen4s... 17 95% A T&SF cv 41,48, 18 12415 AtlCoast Llst4s.. 7 94% B & O gold 4s. 12 95 100 498, 8 1001, High. 10214 105% 102% 101 64 10314 Low. Close. 102 102% 105% 105% 10:% 102% 101 101 64 64 1031 103% 1004 100% Stock and Dividend Rate. Southern Rwy (8). Spang-Chalfant. . Spang-Chal pt (6). Sparks Withngtn(1). Spear & c Stand Brands (1%).. 4 Stand Comm Tob. Stand G & E (3%). Stand Gas& E1 pf(6). Stand O of Cal (2%). Stand O1l Exp pf(5).. Stand Oil of N J(12) Stand Ofl N Y (1.60). Starrett (LS) (12%) Sterling Sec (A).... Sterling See pf(1.20) Stewart-Warner (1). + Stone & Webster (4). Studebaker Corp (4). + Sun Oll pf (6) .5 Superior Of1 4 Sweets of Amer (1).. 7% Symington (A). Telautograph(t1 Tenn Cop & Ch (1). Texas Corp (3)..... Tex Gulf Sulphur(4) Texas PC&OMl..... Texas Pac Land Tr. Thatcher Mfg (1.60). The Fair (2.40). Thermold Co (2).... Third Nat Inv (2)... Thompson Starrett. . T1d 60c) . Tide Water As pf (6) Timken Det Ax(80c) Timken Roller (3). Tobacco Products Tobac Prod(A) (80c) Transcontl O1l (30¢). Tri-Contl Corp. ... Tri-Cntl Corp pf (6). Trifcon St (£1.20).. Und-Ell-Fischer (5) . Union Carbide (2.60) Union Oil of Cal (12) Unlon Pacific (10)... Unlon T'k Car (1.60). Utd Alreraft...... Utd Afrcraft pf (3) Utd Biscuit (1.60). U/td Carbon (2).. (Continued From Page 13.) Stock and es— Dividend Rate. Add 00. High. Low. Close. Close. Motor Meter G&El.. 5 3% 3% Motor Wheel (3).... 22 Mullins Mfg. 814 Murray (b2%s 14% Myer(FE) & Bro(2). Nash Motors (6).,... Nat Acme (13%) Natl Bella H pf (7) Natl Bella Hess. Natl Biscuit, n(2.| Natl Cash Reg.A(t4) tl Dafry (32)..... Natl Dept Stores (2) atl Distillers (2).. tl Lead pf (B) (6). tl Pwr & Lt (1) ‘atl Steel (2),... Natl Supply (5). Natl Supply pf (7).. Natl Surety (5). Natl Tea Co (2). ‘evada Copper (1%) N ¥ Central (8). Y Chi & StL (6) ¢ X Y o rev. . High. Low. Close. Close. 94% 90U 924 RY% 2% 3% 93 94 15% 6 18% a4 8R81e 291 ~Prev.1936 ~ High. Low. 11% 34 20% 25% 4912 5814 Lib3%s Lib 1st 4%s Lib 4th 4 4s. US3%s"4 US3%s"T.. US3y US4%ss2.. 16% 6% 19 414 9214 983, Carpeted Floors, Mirrored Walls Will Supplant Oid Chopping Block. 105 5 FEM BON 22 w24 REW R6W 991 90 98s, 99 99% 99% 96 96 o6 L1 R6lG ¥61% 100 100 1011 1014 1031 103% 100% 1007 ik €6 103% 10:% 105% 10 103 103 99 89 40 49 106 106 102% 1027 107% 107% 951 9514 fOL ROy i 1001 1008 @ e 96 100 100 100% ! 1034 10314 10215 10214 109% 1097% Argentine 5% s j Argentine €s Ju *59 Argentine, May "61. Argentine 6s Oet'5) Argentine 6s A. Argentine s B. Australia 4% Australia b8 55 Austria Ts. .. Pank of Chile 615, Rank of Chile 6% = Batavian Pet 4145, . Belgium 6 Belztum 6% Belgium 7s Relgium 7s '56. Belgfum 8s. Bolivar 7s ‘58 A Rolivia 7« ctfs *69. . Rolivia 8s. Rordeanx 6s. Brazil 6143 26, Rrazil 614827, Rrazfl 7s Rrazil ks Bremen State 7s. Canada 6831 Canada 5s'52.. Chia 6560, Chile 6561, Chile 75 *43. . £ Chinese Gov Ry s, Colombla 6s.Jan 61 Con Pwr Japan 7s. Copenhagen 4% s 't Copenhagen s rets Czecho 8s°51...... Danish Munfe 8s A, Denmark 448 Denmark 53 s Denmark 6s. “e Dutch East Ind' 47, F1 Salvador 8s48. . B & Fiat 7s war %68, Orefbs..... 19 1084 e w::,““- : .8 6852000 (D).. 17 104 Finland 6%s. ., & 105 French 7s. 1 French T14m 5 rets 655 German Rank fs ‘3. 3 German EI P 6% German 7s. Ger Gen Fle Greek 63’63 Hungary 7%s Irish Free State §s. 11 Italy 7s 29 itallan Pub Sve 7s.. 4 Japanese 4s. 3 Japanese 51865, 59 Japanese 615 Karstadt 6343, ., Kreuger&Toll b5 ct. Lyons 6s. Marseflle 63 Milan 638 Montevideo 7; Netherlands 65 *72 New So \Wales '57. . New So Wales 58 Nord 6%s, Norway 6s ‘63 Norway 51¢s. Norway 6s'43 Norway 634 Norway 6% '62. Orfent dev 514 58 Orfent Dev 6553 Paris-Lyons-M 6; Paris-Ly-Med 7 . Parfs Orleans 6%s. Peru 65 '60. Peru 6561 BY JOHN F. SINCLAIR. The “butcherless” butcher shop has | arrived! In a fow days a model retail shop with' floor carpgted. walls -mir- | rored and windows featuring displays | of fresh meat, will open in New York. | The old chopping blocks, on which | the meat was cut, marble topped ta- | bles, scales, refrigerators and_sawdust- covered floors will all be eliminated Instead, one will see chairs, tables and | reading lamps and the fresh-cut meat —notfrozen—will be displayed from refrigerated showcases. As all waste products, bone, fat, etc., are eliminated, the consumer for the | first time will buy exactly the weight | and quality of meat he desires. Prices? ~ Probably lower, although | that side is yet to be figured out. The New York Food Marketing Re- | search Council has been studing the “packaged” meat question. | Marion Harper, vice president of the | General Sales Co., reports that after extensive tests conducted in the sale | of packaged quick-frozen meats in Springfield. Mass.. customers liked the idea and the “blind” meat carton was not. objected to. Frank L. Parslow, €. Bohack & Co., chain store operators, expressed the opinion that pre-cut iresh meats found a readier sale with customers when packed in transparent wrappers. Swift & Co.. Chicago meat packers after years of research, are understood to be ‘about ready to develop this new and revolutionary side of the meat| busin Packaged meat 1s in the making By the Afsociated Press RICHMOND. Va. June 30.—M: business was irregular in the fifth Fed eral Reserve district, which includes Maryland, says the monthly review of the district, made public here today. There was no marked change from other recent months in any special line, “Last month was not without favor- able signs” however, says the report. “Deposits have recently increased con- siderably in reporting member banks and at the middle of June totaled more than aggregate deposits a year earlier, which would seem to indicate that aggregate purchasing power of the banking public is increasing in spite of much unemployment and losses in last Fall's decline in stock prices. J “Another favorable sign at present i) | the comfortable position in which both | member banks and the Reserve bflnh& 71 101 28 110126 108 105 30 111221 FOREIGN. Sales. Hizh 26 9% 54 terest was displayed in the listed bond market today and was reflected in the quiet movement and lessened sales vol- ume. The domestic section showed rising | tendencies, but was sluggish and gave little evidence of a sustained rally. Convertible bonds were dull and the foreign group steady. Call money renewed.at 2 per cent, while other rates remained unchanged. Few changes of any importance oc- curred among the railroad list, in which trading was diminished. St. Louis-San Prancisco 415 were easier. Erie 5s, New York Central 55 and Union Pacific 4s moved upward. Fluctuations among the rest of the group were narrow and about evenly divided in the- direction | they took. The bulk of the trading in converti- bles centered in Philadelphia Reading Coal & Iron 6s, which gained nearly a point. Railréad and amusement stock privilege issues were hesitant. A three-point rise in Bolivian 7s was | the largest change in the foreign group. Foreign bonds were steady generally, with changes confined to small frac- tions. United States Governments softened on a small turnover New offerings today were limited to municipal issues and totaled about $600,000. 961 96% 87 100% 101% 103% 1007% 96 104 105% 10315 99 40 106 10:% 108 5) Chi & StL pf(6). & Harlem (5) N H & Hart (6). YNH&HDL(T).. Norf & Western (10) North Am Aviation. . North Am(b10%stk) No Ger Llovd (3.43). Northern Paclfic (5). North Pacifie et (5). Northwstn Tel (3).. Ofl Well Supply.... 0il Well Sup pf (7)., Oliver Farm Bquip. . Ollv Fr Eq pf A (6/. Oliv Fr Ea cv pt(3). Omnibus Corp...... Oppenhm Collins (5) Otis Elev. n(2%).... Owens,I11 Glass(n4). Pacific Gas & Fl (2). Pacifie Lizhting (3). Pacific Tel &Tel (7).. Packard Motor (1).. Pan-Am Petm (B)... Panhandle P & R. am'nt Publix (4). Ik & Tiiford (33). N N N N N find themselves, with their funds in relatively liquid condition and with ample resources to care for legitimate needs as they arise. Business failures, while more numerous than a year ago, were fewer in May than in April, an last mqnth’s liabilities were only about 103% 104 |half the exceptionally high figures of 991 9914 | the preceding month.. ::1‘“ :g'l'% . Store Sales Better. “Retail trade as reflected in depart- ment store sales in May was on the whole better in most of the district than in May last year, and the stores are operating with smaller stocks than last year, thus increasing the rate of their turnover. “Finally, copious rains in nearly all sections of the district at the end of May and in ithe first three weeks of June distinctly improved agriculturgl prospects since the official June 1 con- dition reports were issued." Maryland crops were retarded by dry weather in May, says the repol Wheat developed earlier than usual, May crops made little growth, and pas- tures were much below the average for this* time of year. The strawberry crop was also hurt by lack of rain, and potatoes show a rather stand. Apples show a better set om" than orchardists had expected, while peaches "I‘dlldc te about 50 per cent of & full yield. With reference to general business conditions the report says: Between the middle of May and the middle of 'June there was some increase in redis-» count holdings at the Federal Reservi Bank at Richmond. A later expansf of credit than usually dWelops in the y* Spring. Member banks loans on secur- ities showed an increase during the past month, but all other ioans by re- porting member banks declined by ap- proximately the same amount. Debits Are Lower. Debits to individual accounts figures, considered a fairly good indicator of business activity, ~were materially lower during the four weeks ended June 11 than in the preceding four weeks in 1929 and the nding four weeks in 1929, the decline being uniformly distributed over the whole district. In comparing this year's fi ures with these of last year, however, some allowances should be ade for lower prices. Business failures in M were sper cent more numerous than failure; in May last year, and liabilities in- volved ~ in insolvencies last month showed an increase of approximately 50 per cent over the May, 1920, la- bilities. Employment conditions did not improve as much as seasonal ac- tivities might have implied, and it cannot be said that prospects for early improvement are at present any bet- ter than they were a month or six weeks ago. Construction work, wholesale trade and collections showed ceclines from a year ago. Washington Produce Butter—One-pound 3813; tub, 36a37. Eggs—Hennery, ceipts, 21a22. Poultry, alive—Spring boilers, m":, 38; small, 32a33; Leghorns, 25; fowls, 20a21; Leghorn fowls, 15; roosters, 13a 15; ducks, 15. Dressed—Spring broli- ers, large, 45a47: small, 40a42; horns, 25a30; fowls, 24a25; fowls, 17a18; roosters, 15al6; 21a23. fresh killed—Beef, controller of . 821 821 f54 954 123 124 94% 94n MY 94, 991 99, 100 100 103 1081 108% 1038, 104% 104% 109'% 10914 945 9414 103% 1037, 861 K64 100 100 874 /7% 96% 9614 X6 KB 10285 102% 95% 954 4 968 96 96 3 95% 95% 95% 20 102% 102% 1027 7 102% 102% 102% 3 116% 116% 116% 1 110% 110% 110% 4 (BBY 8716 KW 22 100% 99% 99% 16 102% 102 102% 6 108% 108% 108% 5 1001 100% 100% 1 105% 105% 105% 2 94 94 94 12 104 103% 104 25 100% 100 100% 4 100% 100% 100% 10 98 ¢8 98 17 98% 9T% 4T 2 99% 99 99 6 107% 107 107 1 94% 94k 94% 61% 611 69% 70 97T 97 854 Bb% 50% 52 W T8 981, 99 106 106% % 109% 109% 80 80 Y7 94 Washington Stock Exchange SALES. Capital Traction 55—$1.000 at 90%5. Cabital 1raction Co.—30 at 58, 20 at 58. Norfolk & Washington Steamboat rts. wi—3 at 16, Potomac Electric 512 % pfd Federal-American National at 275, Mergenthaler—10 at 97, 20 at 97, at 97. Real Estate Mtge. & Guar. pfd.—80 at 63g. B&Odls A major industry— orp Pt (3 Utd Electric Coal. Utd Fruit (4).... Utd Gas & Imp(1.20) Utd Gas & Imp pf(5) Utd Stores (A). Utd Stores pf. U S & For Secur. US Freight (3). U S Hoffman (2). U S Alcohol (17).ves USPipe& F (2)...., U S Realty (5) U S Rubber.... U S Rubber 1st p! U S Smitg & Ref (1). U S Steel (7). U S Steel f (7) . Univ Leaf Tob (3)... Univ Pipe & Rad. Util Pwr&Lt A ( Vadasco Sales Corp. Vanadium Stl (14).. Va-Car Chem....... Va-Caro Chem 6% bt Va E1 & Pwr pt (7). Vulean Det (4). Wabash..... Wabash pf (A) (5).. Waldorf Systm (1% ) Walworth Co (2). Ward Baking (B) Ward Baking pf (1) Warner Bros Plo (4). 269 Warner-Quinian (1). 4 Warren Bros (3).... 11 Warren Fdy &P (2). 4 Wess oil & Snow (2). 1 West Penn El pf (7). 20s West Penn Pw pf(6).110s West Penn Pw pf(7). 30s ‘estern Dairy (B).. 1 tern Md. . . 46 Parmel Pathe Exchange. Pathe Exchange (A) Peerless Motor Car Penick & Ford (1 Penney (J C; (3). Penna R R (4).. Peoples D S pf (6} Pere Marq pr pf (5) Petrol Corp (13%)... Pet MITK (1%) ¢ Phelps Dodge (3). 06% pf (3).. Phila Read C & 1 Philip Morris (1). Phillips Petrm (n2) Pierce O1l. “Thomas A. dison” of Prance, will continue his | «florts to harness the sea power at| Matanzas, Cuba, in spite of the accident last week, which caused a’ destruction of much of his equipment. His idea is to compress air by wave sction and then with the air generate electricity. In his experiments he has | been using a tube well over a mile long and six fect in internal diameter to get | the water for the machine. This tube broke away, and now rests on the bot- tom of the sea—2,700 feet below. But George Claude, the discoverer of the neon light, is not discouraged. All his life he has been working against the forces of nature, pulling mystifying inventions “out of the air.” This latest diaster will delay, but it will not dis- courage, him. Of such stuff are heroes made. Gesyge Claude, the 10 at 70, Bank—10 10 B & O SW b5 '50 B & O Toledo 4. Boston & Maine 5. 9 Bklyn Elev 6% .. Bkiyn Manhat 6s. . . Bklyn Un 1st 5850, Bklyn Un EI 68 '50.. Can Nat 438 54, Can Nat 4348757, Can Nat 43468, Can Nat s, July'69, Can Nat bs, Oct '69. Can Nor 6% Can Northern 7x Canadian Pac dh ¢s. Can Pac 4%1'48 Can Pacific 55 54. Car Clin & O 6s '53. Cent of Ga 6sC 59 Cent of Ga 5148 Central Pacifie Cent Pac 1st Ches Corp 58 . Ches & O gen 4%4s. . Ches & O 434893 A Ches & O 438 B 95 CB&Q4%s"7B.. CB&Q1strfss C B&Q 111 div 4 Shi & £ 11l gn Chi Gr West 45 '59. Chy M&SLP 435 '83 ChiMIIStP&P 6275, CM&SLP Pac ad) 5s. Chi & NW &n 3348, . Chi & NW 4% s Chi & NW ret 53 &Nw 6%s Peru s Chicago Rwys b5, .. Pirelll 75 ‘53, ChiR1&Preds... Poland 6340, ; Chi Ri Isl 4248 A. . Poland 7s (rets). ., 2 p ChiR1cv4lys 60, . Poland 8. . Chicago T H Porto Alegre §s Chi Un Sta 4% Queenland 7s, C& W ind con 4s. . P bl CCC&StL 4%s (E). Rhine Westfa 03, - apn L T Rlo de Janciro 61 Fipe b T R;ogr gu Sul 6548 g:,'b'. ;{'n'“af“" 0 Gr Du P i g Cuba RR 68 '36 cifs Rl R CubaNors%s'42. .., shabiions Deld Hud 1ot 4s 43 Sao Paulo 8s gty SaxGE DTS Den&Rio G 4138 '35, i) Den&RG W bs 5. .. Serbs Cr Slov 7s. ooty bebiony Serbs-Crot-Slo 83, Eriegen {s... Sofssons 6a. Erie conv 43 (A) Sweeden 5% Erie conv 4s (B) Swiss 514346 Erle §s, 1967.... Swiss Conted 3. Erie bs, 1976 ;‘::‘n l:;l Pwr 63 '32. Fla East C 6874 0 53, Gr Trunk st deb 6s. Toklo 518 "6 Grand Trunk 7s. ... Toho El Pw: I e AT Gt Nor 4%s"16(D) . td Kingm %8 '37 Grt Nor 448 (E).. Uruguay 6s°60. Gt Northern 6% Vienna 6s '52. Great Nor gen Yokoham# 6 Hud & Man adj 53, Hud & Man ref § 111 Cent 4% NI Cent 638, ..., .48 #974 1033, 945 153 50 86 106 101 274 AFTER CALL. Washington Gas 6s “A"—$100 at 1013}, Washington Gas 6s “B"—$200 at 103, Washington Rwy. & Elec. pfd.—20 at 98 2 95% Norfolk & Washington Steamboat rts. w.i—11 at 164 Potomac_Electric 6% pfd.—5 at 111 Peoples Drug Stores pfd. 0 at 1033}, Columbia Sand & Gravel pfd.—20 at 90, 10 at 90. | Capital Traction Co.—5 at 58);. BONDS. Bid and Asked Prices. PUBLIC UTILITY. _ & Telga. 4'5s '33... Amer, Tel. & 4128 '39 Ain. Tel. & Tel. ctl. tr."5s. Anacostia & Pot. R. R.5s. Anacostia & Pot. suar. C. & P. Tel. of Va. 3s. Capital Traction R. R. 3 Cily & Suburban 5s Georgetown Gas_1st Potomac Blec. cons Potomac Elec. 6s 1953. ... . Wash., Alex. & Mt. Vernon ctf. Wash. Belt, & Annap. 5s Washington’ GAs 55—..... vash. Gas 6s. serie A 6. series B n Rwy. & Elec.’ 4s. MISCELLANEOUS. Barber & Ross. Inc.. 6125, Chevy Chase Club 5iss D. C_ Paper Mts. 65. W. M. Cold Storage 5 Wash, Cons. Title 6s STOCKS. PUBLIC UTILITY. Amer. Tel & Tel. (@) Capital Traction Co. A Washinston Gas Light Co, N. & W. Steamboat (12d) Norfolk & W. Stmbt. rts Potomac’ Elec. Pow. 6 Potomac Elec. Pow. 5127 | & Elec. com (T & Elec. pfd (5) Annap. com Annap, pfd, NATIONAL BANK. 24 Plerce Petrol m. Pilisbury Flour (2). Pirelli, Italy (a3.14). Pittsburgh Coal. ... Pitts Ft W&C pf(7). Pittsbgh Screw 1.40. s P Rican Am To (B).. Prairie Pipe L (15).. Pressed Steel Car. ... Proc & Gamble (2).. Prod & Refiners. ..., Pub Serv.N J (3.40). Pub Serv N J pf (5). Pullman Corp (4)... Punta Alegre Suga Pure Ol (13).. Pure Oil pt (8) Purity Bakeries (4). Radio Corp. . Radlo Corp (B) (5).. Radio-Keith-Orph A. Raybestos Man 2.60. Reading Rwy (4). Real Silk (5). : Rem Rand (1.60).... Reo Motor Car (80c). Republic Steel (4) . .. Republic Steel pf (6) Reynolds Metls 2.40. Reynolds Tob B (3). Richfield Ofl (2). Rio Grande O1l (2)... Rossfa Insur (2.20).. Roy Dutch (a1.3415), Safeway (e8)....... St Joseph Lead (13) St L-San Fran (8)... Savage Arms (2) Schulte Retall Strs. . Schulte Retail pf(8). Seaboard Afr L! Seagrave (el.20) Sears Roebuck(32% ) Servel, Ine. . Sharon Stl Hoop (1). Sharp & Dohme. ... Shattuck(FG)(t13%) Shell Union (1.40)... Shell Un O1l pf (5%) Shubert Theatres. Simmona Co (3). Sinclair Con O1l (2). Skelly O11 (2). # Skelly Oil pf(6).. Snider Packing. Solvay Am pf(5%).. Sou Porto Sug (1.40) Southern Cal Ed (2). Sou Dairies (B)..... Southern Pactfie (6). Edward D. Sullivan, crime investig: tor. estimates that some 200 “rackets furnish- 6,000.000 Americans with an casy living. He calis the liason between the politictan and the gangster “the greatest menace of the century.” Paul Blanchard. one-time editor of the Nation, defines racketeering thus: “A scheme by which human parasites graft themselves upon and live by the industry of others, mMaintaining their hoid by terrorism, fraud. misrepresenta- tion and manipuiation.” The League for Industrial Democracy, in a recent conference, brought out the fact that Chicago. a typical racketeer city, is closely followed by the other large cities of the country. Mr. Sul- livan insists that the most menacing factor in the corruption of the police “is_the generally sincere feeling among gangsters and police alike that nobody wants prohibition. The profession of "the racketeer—a cancerous outlaw—must be eliminated from American business life. Asked. Amer. Tel. < 123% 981 895 814 2T 191 114% 1101 883 52 5 22 10 5%+ 89 100 0 9 941y 95'% 951 2% 96 1004 100% 9% YA, 9BY, 9RL, 104 104 99 99 1098 108% 76 16 8% TR 57 5% 3% 13% 4%, 8 By 9214 50 3% 8314 1 Weston Elec (A) (2). White Motors (2)... White Sewing Mach + Wilcox Ol & Gas. . Willys-Overland. Willys-Over pf (7). Wilson & Co. . Woolworth (2.40) Worth Pump. . Worth Pump(B) (6) Wrigley (Wm) (4).. Yale&Towne Mfg(4) Yellow Truck....... Youngs Spring (3).. Zenith Radlo. RIGHTS EXPIRE Am Tel & Tel.Aug 1 & 4 Ches & Ohio..July 23 & DuPont deN..July 15 65 A Hackensk W...July 1910s 114 Intl Salt...,.July 7 1n 10:30 AM 12:00 Noon.., 1:30 P.M 2:10 P.M. Dividend rates as iven in the above table are the annu s Unit of trading less than 100 shares. tPartly exira. - :Pins s | In stock. iPavable in scrip. fPlus 9% In stock. a Baid iast reas no regular rate. b Pavable in stock d Pavable when esrhed. »Ba Able 1o cash or stock. fPlus 10% in stock. g Plus 6% in Etoe D Plus 2% in stock. JPlus 8% In stock. & Plus 5% in stock. s Bius 8% c China. determined to move ahead. will soon undertake three measures of national importance in its rebuilding program, says Frank S. Williams, United States trade commissioner in Shanghai. First—The ministry of finance, in co-operation with those of industry, commerce and labor, has been instructed to prepare for the opening of an in- ternational exchange bank, the unifica- tion of the currency system, the ex- pansion of shipping and the promotion of manufacturers and consumption of native goods. Second—A public loan of $200.000,000 | for the promotion of various industrial | enterprises. Third—The creation of government | monopolies of tobacco, wine and]| matches China’s 7eal to become a modern na- tion and the efforts of her present gov- ermment to inculcate American mass- | production methods into her business life are the most striking characteris- tics of the Far East today. 98 88% 924 80 E3% B3y 0% 91 92 49 49 105% 10515 1104 1101 7% L7 % 963 1111 1104 110% TR TN o081 Y8y 100% 100% 109°% 110 Capital (14). ... Columbia (12) Commercial (stamped) District (8)...... . Federal-American (10) Liberty (78). Lincoln (12) =5 Metropolitan 174 Riggs’ (15 189 Second (9e) . (1 Washington (1), 1% TRUST COMPA s Amer. Sec. & Tr. Co. (15).... Continental Trust (6).... Merchants' Bank & Trust (6} . National Savings & Tr. (12:) Prince Georges Bank & Trust Union Trust (AE)....... ... Wash. Loan & Trust (14)..111] SAVINGS BANK. ank of Bethesda (8%) Bomenorce k. Bavings (10 t Washington (12) Potomac (10) Security Sav 16 6 0 4 L prints, 3728 ‘. 23a24; current e 1 eits T 250 5L 1n 6 105 5 110% 4 9% 18 97% 1111 25 110% 3 1% 10 9 9 1004 8 110 355 120 125 515 30 136 150 horn lucks, 18a21; 8 964 MISCELLANEOUS. ADbItIbl P&P 6563, 10 s415 Abram&Straus 515a 9919 10y Meats, veal, 15a18; lamb, 25; pork loins, 25a 28; fresh hams, 25; fresh shouldars, 18a20; smoked hams, 27; smoked shoul- 84% 9915 Canada has been quick to see’ the < Com financial advantage of a large Summer toursst trade from the United States. So in the la year, about $50,000,000 has been spent on Canadian highways br provincial authorities alone, in ad- dition to that spent by counties and municipalities. Another £40.000,000 has | been spent on bridges. stations, docks | wharves, steamship terminals, and an- other $17,000,000 in hotel construetion. says S. H. Logan of the Canadian Bank | of Commerce. Of the 0,000,000 spent by Ameri- can tourists outside of the United States in 1929, about 40 per cent—or $288,500, 000—was left in Canada. An American can enter Canada to- day with most of the red tape of for mer vears eliminated. Recently, I had occasion to enter Canada by automo- bile. A delay of less than 10 minutes was experienced Canada should receive a larger per- centage of the tourist trade this year than last year, because many people who journeyed to Europe last vear will | motor to Canada this year and go to Europe when business is_better. Canada. therefore, should benefit in | its tourist trade this year from slow American business. (Copy CAR LOADINGS DEC{EASE. NEW YORK. June 30 (4 —Canadian car loadings for the week ended June 21 iotaled 63.830. a decrease of 779 from figures for the preceding week and 11.- 429 from the like week of 1929. Load- ings for the period from January 1 to| June 21 totaled 1.465,635 cars, compared | with 1632379 for the corresponding period last year. 2ht, 1930.) WARREN PIPE EARNINGS. NEW YORK. June 30 (#).—Earnings of Warren Pipe & Foundry so far this vear have been about equal to those of Jast vear SHORT-TERM SECURITIES. (Reported by J & W. S & Cop ) or | closed on Saturday at 158.0, a gain of | 1.8 points over the preceding week. The 10214 107% | per cent, against 83.3 per cent in pre- | ceding week and 753 per cent a year | 10017 land 55 1947 Packine Co Accep. C: Corp 5s 1040 L 651940 55 1957 eneral Pes The Match 8¢ 1947 6 1032 1930 Corp. 1 Einclair Crude Ol Co. 51,5 1338 andard Oil of N_ Jersey 55 1946 1951 Bs 1931 s 1932 1035 11# | products, metals and the miscellaneous | will ve effective in arresting the down- | reduces brass | ward price movement and in causing a Corporation News | curtailment of outputs or an expansion | ne | of demand. While it is probable deficits | five months off 15 per cent. |in certain classes of materials are grad- | NEW YORK, June 30.—The follow- sustained upturn lies in either further and copper materials 1 cent a pound. Buffalo & Susquehanna R. R. May t operating income up 76 per cent; Canadian Pacific Railway Co. May ing is today's summary of important | ually accumulating, there is no reason | and five months net profit off about 51 corporation news prepared by Standard | to believe that these have yet attained | Per cent. Statistics Co., Inc., New York, for the Associated Press: Security prices moved sharply lower in the early part of last week, but re- | covered moderately in the latter half | of the week, with most pivotal issues closing slightly higher. Transactions on | the Stock Exchange totaled 15,037,740 | ! shares, against 26,487,130 shares in the | previous week. Our 90-stock index | rail group average on Wednesday broke through its low levels of both 1929 and 1928 and at Saturday’s closing prices was 1.7 points under the level of the previous week and still slightly below the low points of the two previous years. The industrial and utilities averages on Tuesday also touched new lows for 1930, but recovered in later sessions and closed the week slightly higher. Brokers' loans, reflecting the recent heavy liqui- dation, declined by $371,000,000, the sharpest_drop of any week since No- vember, 1929. Total borrowings on June | 25 stood at $3,416,000,000, only $88,000,- | 000 above the post-panic low recorded on December 24, 1929, The call money rate on Thursday broke to 1l> per cent, the lowest charge in 13 years. On Friday, how- ever, the rate was advanced to 2 per cent because of heavy callings by banks | to provide funds to meet July 1 divi dend and interest payments and also becouse of the low return. Sixty and ninety days’ time moncy was reduced to 2-29 per cent. Commercial paper rates declined to 3!,-3!, per cent. Noteworthy changes in the Federal Re- serve Banks' combined statement were an increase of $25,000,000 in holdings of discounted bills, a decline of $31.- 000,000 of bills bought in open market, a decrease of $32,000,000 in Treasury notes and an_increase of $13,000,000 | in holdings of Treasury certificates and bills, Reserve ratio advanced to 83.7 ago Commoity prices continued to_de- ciine. In the past weck, the Annalist in- dex Gropped 2.8 points, or 2.2 per cent. | nd now stands 14 per cent below a| ar ago. As represented by the index | prices are lower than at any time since January, 1926. Compared with a year ago sharpest contraction has occurred in | farm products, textile products, food ! group. The current downward trend in prices carries greater significance than a similar movement in years, not only because of its magnitude, but also in view of its universal character, involv- ing as it does the impairment of pur- chasing power in all parts of the com- mercial world. This price deflation is the logical aftermath of the impressive additions to productive equipment in | refinery operations. | more than moderate proportions. The 2pparent reluctance with which produc- tion of most basic materials is so far being adjusted to current and pros pective needs and the existence of stil formidable stocks of goods on hand in many instances would indicate that an early sustained strengthening m com- modity prices is not probable. The regular weekly reports from in- dustry indicate there has been some further recession in activities. Rail road freight loading of 927,754 cars for the week ended June 14 were the lowest of any like period since 1924. The de. cline from a year ago was 13.4 per cent. With one exception this is the largest percentage reduction since the traffic downturn began last October. The May earnings statements, published during the week, made the unfavorable show ing expected. Net operating income of 52 of the largest carriers declined 32.8 per cent from a year ago. Gross reve- nues were 13.3 per cent lower. Steel mill operations were reduced further. Average for the industry as a whole is about 66 per cent of theoretical capacity, against 68 per cent in the preceding week. At this time last year the rate was 95 per cent and in the 1928 week slightly under 73 per cent. Prices have shown additional weak- ness, The Iron Age composite for fin- held for five weeks. The pig iron aver- age dropped to $17.42, against $17.50 for past three weeks. Outlook for the petroleum industry during the Summer period of heavy de- mand now rests, to a large extent, on Gasoline stocks in the week ended June 21 were reduced 1,739,000 barrels to toltal of 50,465,000 barrels. Unless there is a further sub- stantial drop In stocks there is little possibility of an advance in gasoline prices during the remainder of the heavy consumption season. California prices, under the burden of excess stocks, have recently been cut 3 cents a gallon. Crude domestic production is maintaining a close balance with de- mand and stocks are being reduced. California has succeeded in reducing dally average output below 600,000 bar- rels. Proration agreements have been continued in Oklahoma. Texas is still operating above allowances, although corrective measures are being applied in a number of areas. All factors con- sidered, it is believed early future pros- pects in the ofl industry hinge on the successful curbing of refinery overpro- duction, which, wever, is operating more toward the prevention of further improvement than oward any absolute adversity. The Companies. the last few years, both here and( £brend 1t is belicved the only influence which American Eagle Airosa{t to make ! plane for $1,000. \ Anaconda Copper Mining subsidiary ished steel fell to 2.185 cents a pound | from 2214 cents, at which level it had | Central of Georgia Ry. May net oper- | ating income off 32.6 per cent; five months, 18.7 per cent below year ago. Cenl!r:‘l.Ulil(lips"ncquues Illinois Gas 0. of wrenceville, Ill., - mately $1,000.00. e icago, Burlington & Quincy Rail- | road May net. operating ireanc: off 30 | per cent: five months, 24 per cent below | vear ago. | Colorado & Southern Railway May | net operating income up 84.3 per cent: { five months, 13.3 per cent under year ago Eastern Utilities Associates May bal- ance, before depreciation, off 13 per ent: 12 months, up 3.7 per cent. Florsheim. Shoe opens first women's shoe store, body and General Motors' Fisher Chevrolet plants to close for vacation period June 30-July 5. Gulf, Mobile & Northern Railroad May net income off 8.4 per cent; five months, 12.4 per cent below year ago. Jewel Tea sales 4 weeks to June 14 off 9.1 per cent; sales first 24 weeks, 3.6 per cent below year ago. Loew's, Inc., Subsidiaries, Loew's Lon- don Theaters, Ltd., and Marcus Logw's Theaters, Ltd, defers dividends on preferred and ordinary shares. Louisville & Nashville Railroad May net operating income off 29 per cent: five months, 30 per cent below year ago Southern Railway to shut down South | Richmond shops for indefinite period. | Standard Oil of New Jersey advances price domestic aviation gasoline 1. cent to 13 cents a gallon. Texas & Pacific Raflroad May sur- plus off 58 per cent; five months, 42 per cent below year ago. United Fruit reduces fare to Havan: from $85 to $70, with round trips cul to $110. Cristobal round-trip charge reduced from $290 to $260. Western Pacific Railroad May net operating _deficit $179,120, against deficit, $82,705; five months, deficit, 1$570,808, against surplus, $625.505. Westinghouse Electric & Manufac- | turing_ receives order from Navy De- | partment for cruiser equipment valued | at_$1,500,000. Winnipeg Electric City Council has adopted recommendation for increased fare on company’s car lines. Will aug- ment yearly gross about $550,000. L HOT METAL CARS. NEW YORK, June 30 (#).—The Great Lakes Steel Corp., a subsidiary of the National Steel Corp., has received at its rnew plant at Detroit two hot metal cars of 110 tons capacity each. These “Thermos” cars will be used for haul- ing melted pig iron from the Hanna blast furnaces, located near the Great Lakes plant, to"the open hearths of the latter mill, K ameatt . it FIRE INSURANCE. American (12 Corcoran (10).11] Firemen's (8. National Union (15)." TITLE INSURANCE. Columbia (Bh) ....\uvvennnen Real Estate (6h) e Title & Inv. Co. Md’ com. MISCELLANEOUS. Barber & Ross, Inc. com.. Chevy Ch Dairy pfd. (7) Col,_Sand & Gravel ptd. D. C Paper Mfg pfd_ Dist. Natl. Sec_ pfd. (7} EmerBromo-Selz, A Federal Storage pid. (8) .. Fed.-Am. Co. com (1.20f} Fed.-Am. Co. pfd (6} Lanston Monotype (8) Mer. Tr. & Stze. com Mer. Tr' & Stge pfd Mergenthaler Linotype (6) Natl Mige, & Inv. pfd... o Peoples Drug Stores (6i5) Real Est. M. & G. Pfd. (8)...... Security ‘Storage (4e) Ter. Ref. & Wh. Corp The Carpel Corp. (1 50) Wash. Mech. Mtge. com. (8} wash. Me#i. Bldz. Corp. .. ... Woodward & Loth. pfd.” (7). *Ex dividend B Books closed. n25¢ extra. 130¢ extra. £1% extra. e113% extra. 82% extra. BANK SHARES STRONG Trading Is Active Show Marked Upward Trend. NEW YORK. June 30 (C. P. A).— Bank stocks strength and activity mark- ed trading in bank stock and trust shares today. Chase National at 134 was up 5; Na- tional City 13912, up 3: corn exchange 154, off 3; rights 1215, off 12: guaranty 618, up 13; Bank of United States 41%, off 14 ; Brooklyn Trust 690, up 10; Cen- tral Hanover 332, mp 6; Chatham Phe- nix 101, up 1; Chelsea 35, up 1; Chem= ical 63, up ! Commercial 390, up 5; Continental 27, off }2; Empire 71, up 1 First National 4,600, up 50; Irving 47%, up 1; Manhattan 109 up 2'5; Manu- facturers 93'5, up 112; New York Trust 233, up 7, and Public 103, up 1; Bank of America at 101 was unchanged. YARDMASTERS TO MEET ‘Will Hold 1931 Convention in Bal- timore, It Is Announced. Special Dispatch to The Star. BALTIMORE, June 30.—The Rail- road Yardmasters of America, & na- tional group, will hold its 1931 conven= tion in Baltimore, according to word recelved by the Convention Bureau of the Association of Commerce. W. F. Cochrane, Baltimore, is vice president of the organization, and W. H. Hollen, iz 318 L 130 3615 23 . 8% 130 20 i3 wiWhen issued. and Prices Adams Exp 4s'48,, Ajax Rubber § Alleghany Cp b8 Allis Chalm 58°37.. Am Agri Chem Ti4s Am Chain 6523, .. Am For Pwr bs 2030 AmIGCh5ls'e Am Int Cor 5% m "4 Am Metal 5148 '34 Am Smlt & R 1st 58 Am Sugar Ret 6 Am T&T evd 1 5'39 Am T&T 68 '65. Am T&T el tr 5s. Am T&Tat bn Am T&T 5%s. Am Water Wks Armour&Co 44 8'39 Armour, Del.5%s. . Bell Tel, Pa, 63 (B) Bethlehm £tl pm b3 Chila Copper bs. .. Col G&El bs,May'52 Colon O11 6s°38..., Com Invest 515549 Com Invest 6s ‘48 Con Coal. Md. 6 ConGasN Y 64 Cuban Am Sugar 8s Det Edison 6s. . Denver Gas 5s. .. Duquesne 4348 67 Fisk Rubber 85, Gen Cable 6%n * Gen Mot Ae Cor Gen St Cast 5% 849 Gen Thea Eq 63 40. Goodrich 6% Goodyer bs re! Hoe & Co 6158, Humble O & R bs. . HumbleO& R 6%s I1i Bell Tel 58 Inland Steel Intl Cement bs 48, Intl Match 63 47, Intl Mer Mar 6: Intl Paper 53°47. Intl Paper 6s. .. Intl Tel & Tel 434 Intl T&T 4% . Intl Tel&Tel 63 '55. Kan City P & Lt 6 KanG& E 52 Kendall 6%s'48 Lackawanna St! 5s. Laciede 6% = D '60. Lautaro Nitrate 6s. Loew's 63 w o war. Liggett & Myers 7s Lorillard (P) 7 Lou Gas&E! 58 Manat! Sugar 7% Midvale Steel bs. Montana Pwr *43. Morris&Co 1sté Nat Dairy 64s. N Y Edison bs "44. ‘Wilmington, secre i SILVER QWTATIOHS. NEW_ YORK, June 30 (P).—Bar sil- yer, 3%, Nor Ohlo Tr&L Nor States Pwr oo B T = e L T 102~ 401% 102% 102% 103% 108% 101% 101% 111-C-C-StL&NO b8. 1 1047 Int Rapld Trans bs. 32 62 Int Rap Tr bs stpd 1 6z Int Rapld Trans6s. 1 47 Int Rapid Tran: B 85 Int & Gt Nor 58 5 95 Int & G Nor 1st 6; 1101 Int & Gt Noradj6s. 3 73 Towa Centralref4s 2 7 Kan City Ft S 4s 2 96% Kan City Sou b 1 100 Kan City Term 4s.. 25 92 Lake Shore 4s°31.. 3 100% Leh1 Val con 4 10 89 Leh Valley 65°20.. 1 108% Long Is deb 58 '31 1 100% L& N untds.. 4 961 L& N 4432003, 7 99 L&NsY% 1 106 ManRy 1st 4 20 46 Market St 7 794 Mill El Ry&L b: 10 100% Minn & StLrefds.. 1 9 M StP&SSM con 4s. 2 89% M StP&SSM 6%s.. 2 10114 M K&T prin 5s(A) 10 104 Mo Pacific gen 4 21 6% Mo Pacifie s A '65. 9 100% Mo PacssF'1,... 24 99 Mo PacbsG'78.... 7 100 Mo Pac b%s 49cv. 2 107 Mont Trm ref 6s'41. 11 99 Montreal Tr 58B'55. Nat Ry Mex ¢ N Y Cen deb 4 N Y Cenrfim4%s. N Y Cenret b A N ¥ Cen deb 6; N Y Cen gen 3%s.. N Y Cen LS ¢l $%8. N 10474 1047% 61 61y €2 62 47 47 RS &5 w5 95 101 101 7 7 7 06 96Y% 100 100 92 02 1604 1004 »9 89 108% 108y, 100% 100% 96% 96y 99 99 106 106 45 45 93 o4 100% 100 9y 8 £9%% 1010 103% 104 6% T6% 10015 10015 99% 99y 99 100 106% 106% 9x% 99 M 107% 107 106 106 818 B1% 9% T9% 9% 97w 100% 100% 96's 96 101% 101 1023 102%, 8 8 80% ROW Y28, 927 120% 120% 45% 4% 4% 4% M Tk 86% 86% 65% 65% 9% 9% 105 105 113 113% 9% 9 5% 95% 101% 1014 100'% 100% 100% 100% Y lofiHou-. 98% 9Bl Y Y YC&StLd4s.... C & StL deb 4 Chi&S(L 413578 C & StL 6x'31.. NYCa&siL 32.. 4 102y NYNH&H 3%8°66. 1 7% N Y NH&H 1 80y NY NH&H 4% 17 3 NY NH&H evdb 6s 3 1204 NYOnt& W ist 2 4% N Y Rallway .1 4y NY Sus&Wngenbs 5 72 NYW&B44s, 5 87 Nor Pacific 33 2 8 €6 Nor Pacffic 3 92 Nor Pacific 1 1054 Nor Pacifio ref 23 11344 Ore Wash 1st 75 9% P 4%81970 56 961 Penna con 4148, 13 1018 24 "100% 11004 24 104% 1 109% 27 109% 1 98% N Y ¢ 26 101% Y 1 100 5 100% 1 99 1 106 10 100% 2 88% 22 854 1 99% 13 101 1 89% 34 91% 11 101% 100 100 100% 100 99 99 106 106 100 100 88 B8y 85 85 9% 99 100% 100% 89% 89K 91 1% 100% 101 101% 101% BRI R, 9% son Rio G West col 4s.. RIArk& L 4% StLIMa&s StL & SF pl StL&SF4 S&L&SF gen 6831, StL&SF gan 6531, 2 101% StLEWIstes.... 1 &Ry BtLEWeonda'da U 99y e D M ders, 20; bacon, 27; lard, in packages, 13; in bulk, 12. Live stock—Calves, 9a0';; lambs, 10. Fruits—Watermelons, 50a80; canta- loupes, jumbos, 5.00a5.50; standards, 4.5025.00; honeydews, jumbos, 6.00: standards, 5.00; cherries, California, 15~ pound lugs, 3 homegrown, cum~ 46.00; pineapples, 4.25a4.50; llflflmm. California, 1.25a2.00; plums, California, 2.50; peaches, bushel baskets, 3.00; 2- geck kets, 1.75; apples, box stock, .00a3.50; homegrown, 50a2.00. Vegetables—Potatoes, 3.7524.00; as, homegrown, 2.00a2.50; New York k, 3.00a3.50; squash, 1.00; carrots and beets, per 100 bunches, 3.00a4.00; pep- pers, 2.50a3.50; spinach, 1.50; kale, 75; lima beans, 2.5024.00; cucumbers, 1. 1.50; string beans, 1.00a1.50; cabbage. bushel baskets, 75a1.00; eggplant, 4.00; tomatoes, Texas and Tennessee, 30~ pound lugs, 2.00a2.50; homegrown, 2- {)fl.‘.k baskets, 1.50a2.25; lettuce, Wash- ington State, 4.00a4.50. & ) Low. Close. 931 93 40 40 50 50 40 40 93 93 971 9TWw 9Th 8714 888 89 109% 109% 116% 116% 123% 123% 103% 104 102 102 1024 1024 R4 244 24 96 9614 ol 9% 9% 991, 1 104% 104% 104% 26 101% 101% 101% 6 834 82 83K West MAB%a'TT... 6 99 98% 99 W 96 9 Sates. Hign, SamAn&ArnPds.. 1 931 Seaboard AL ref 4. 9 40%4 Seaboard AL en 6s. 20 51 SBAIFa6 8 41 Sou Pac elt 4; 4 93 Sou Pac 4 % ret 5 974 Sou Pac 43569 ww 14 975 Sou Rwy gen R 89 Sou Rwy eon 6/ 4 109% Sost Rwy 9 116% Sou Rwy 6% 5 123% Tex Atk FS 5%850 3 104 Tex & PacssB11.. 6 102 5 102% 2 48 21 26 4 96% 12 91% 3 99 Un Pae 1st ref Union Pac 4%s Virginia Ry 1st Va Ry & Pwr Western Md New York New Orleans Members New York Stock Exchange and other principal erckunges Washington office: 1430 K Street N.W. Tel. National 4933