Evening Star Newspaper, July 16, 1930, Page 12

A—12 CURB BEARS FAIL TOFIND SOFT SPOTS) o2 Mark.et Turns Dull on Small Recessions, but Under- tone Is Firm. BY JOHN L. COOLEY, Associated Press Financial Writer. NEW YORK, July 16.—Realizing and Moderate short selling uncovered a firm undertone on the Curb today. The market turned extremely dull on the small, recessions that followed profit- taking and operators for the decline failed to uncover many soft spots. Utilities were firm, yielding_ fraction- ally here and there on the technical re- action following recent advances. Pool operators were most popular in the spe- cialties, where Aviation Corporation of America was bid up 4 points to equal its 1930 high, but these accumulations were less aggressive. Traders were ap- parently holding to a conservative course and satisfied to take profits rath- er quickly. Anglo-Chilean Nitrate was bought on & rising scale. This company, controls the so-called Guggenheim nitrate-extraction process, is to become part of the Chilean nitrate consolida- tion. Ford Motor of Canada A, Amer- ican Cyanamid B, Deere &nd a few other active shares were quiet and firm. The oils were neglected. Except for & selling movement in Missouri-Kansas Pipe, which dropped 2 points, the group was apathetic. Shares of producing and refining companies were fum on the news of the sharp decrease in gasoline stocks. Electric Bond & Share, American Superpower, Niagara Hudson, United Light “A” and other prominent utilities backed and filled narrowly in & dull market. American and_Foreign Power warrants and Central States Elcctric made some progress. A vigorous drive against United Founders broke the price a point, but it made partial recovery. Transamerica was firm. Call money was freely offered at the zenewal rate of 2'2 per cent. CRUDE RU;BEB. ETI‘iADY. NEW YORK, July 16 (C.P.A.). —Crude Tubber, smoked ribbed sheets, remained the same at today’s noon quotation of 11 cents. This compares with 11% cents a month ago and 21% cents a year ago. United Gas, INVESTMENT TRUSTS NEW YORK, July 16 (#).—Over-the- counter market— Bid. Asked. ssoc Stand Oil Shares........ 10% 1l asic Inaustry Shares 8 8 Chelsea Exchange A . Do. B ... Cont’ Metro Bank Sha: Crum & Foster Ins B Crum & Foster Inc 8¢ Diversilied ‘Irusiee S| Fixed Trust Shares A Do. B Leaders of ‘Industry’ Mass Investors Trust Qil Shares Inc units Reybarn Co ... Unton Financial A~ 2 United N Y Bank & Tr Shis € United ‘Oil Trust Shrs H Ouners unchanged. CHICAGO STOCK MARKET CHICAGO, July 16.—Following is the complete ofticial list of transections in stocks on the Chicago Stock Exchange today: Sales n_hundreds 15 Acme Steel STOCKS. Hish Lg:‘ Close. 1004m Ut & Gen boalacoina Cras 200 4. Metal:.. 604 assoc rel Uil 300 Auourn Auto. .. 50 Baiaoan & Kaiz 100 Banco Kentucky 150 Bastian-glessing 4uo) genaix Avistion 10) Binks Mfg.... 6000 sorE- 160 Borg-War. ‘wud us DU & €00 Butier Bros 50 Castle ‘A M 50 Cent 11 Pub Ser pi. 41 Cent Ina Pow pf ¢ Jub Serv A 3% Commin men . 50 Consumers 20y Coni Cnicago, 100 Cont Chic pid 100 Cont Steel 20uow Cord _Luip 2200 Corp Sec . 243 Crane (o 250 Elec Household 5y Elec Rescarch 10 The Fair Bi.. 150 Foote G & Mach 500 Gen Tnea Ea 150 Gen Wat Wks %30 Gleaner s 200 G Lakes AlCiaii. bu Gt Lakes Dredge. . 13 Greynound 18700 Grigsby-Grunow Lo nal PTDL... . 50 Hart-Carter 100 Hart S & M 250 Houdaille-Her 10Tl Nortn Ul 100 Ind Ter Tllum Oii’. 1950 Inland _Uul ©10u tnsuil Ul 850 Iron Fireman 300 Keystone Steel S0 Lar 250 Libb: 50 Lincoln 100 Lion Oil 550 Lynch Glass . 900 Majestic House 550 Mannat Dearb 3 Field Elec icQuay Norris 100 Meren s Mirs A Mid West Mid West Uil d W os vt A 250 Mid W Ut “A” war I8 ing vt B wal {tidland Nat Gas “A B Ui Tel 50 Muskegon M 200 Nat Elec Po 60 Nat Pub Se 600 Nat Secur L 100 Nut-Standard .. 250 Nat Uny Radio 250 North Am Gar 100 Nor Am G & El 50 Nor Am L & Pow. 100 No & S0 Am....... 40 Pac Pub Serv A. .. 150 Pines Winterfront. 90 Public _Serv 3) Pub 100 ORS Music 1000 Quaker Oats’. 40 Quaker Oats B 30 Railroad Sh 500 Raytheon vi: 56 Ryerson 650 Seaboard 905 Southwest G & El pf 66 S0 West L & P pf and Dredging nd Dredging pf hern Union Gas i 0 2050 Swift int] . 100 Tenn Prod 550 Transformer 300 Twin St. Nat Gas 900 Unit Corp 40 Unit ®ub Uil 50U & Gypsum A 550 U 8 Radio & “Tei 100 Uul Pow & L “A 190 Util Pow & L n-vt 450 DUl & Ind B 250 Uul & Ind pfd 10 Viking Pump 75 Viking Pump pi 300 Vortex Cup 100 Vortex Cup “At' 100 West 50 West 200 West P 950 WexLa. . 5050 Wis Bani Shrs | 100 Wolyerine Cem | 250 Zenith Radio . Stock sales today, 194.800 shares. BONDS. 2000 Cht Ry Inc 4s '27.... 30 000 Chi Ry 55 '27 834 £000 Tnaiana Scuthw 6s 40 9834 oo tonl e 0" ... joiss sk Pt 5e Bond‘nlu today. '$23,000 30 Cardiff, Wales, now hn.s a population contracted for. The price for fine 4 230,000, which | FINANCIAL. Nm.—‘llmhm-fllnm designated by the letter s (65s) (285) mm&mnuhuflhdllfilofl. 80 Adams (J D) Mfg...~ 1 30 16 Ainsworth (32%)... 2 10214 Ala Great Sou (17).. 70s 109 120 Ala Gt Sou pf (17).. 70s 119 4 Allegheny Gas, 4 % Allled Aviation. X0 4 105% Alu Co of Am pf (6). 30 Am Capital pf (3) 12% Am C P&L(B)(10 21% Am Com F(A) b10%. 34)s Am Cwith P(B)10% % Am Control Of] Flds. 17% Am Cynam B (1.60). 3 Am Dept Stores. .. .. 124 Am Equities. .... 38% Am For Pwr(war) 104 Am Gas & Eleo (31). 104 Am Gas&Elec pf(6). 60' Am Hard Rubber(6) 100 % Am Invest. Inc (B).. 527 Am Lt & Trac (2%) 1% Am Maricabo. . 7% Am Natural Ga: 81 Am Potash&Chem (1) 0% Am Superpwr «1)... 943 Am Sperpwr st (6). 87% Am Superpwr pf (6) 111% Am Tob B new (D4). 15 Am Transtor (1.40). 7% Am U&Gen B vic 400 1% Am Yvette (n) w.l... 6 Anchor P F (h10%). 15% Anglo Chil Nitrate. . 81 Appalachian Gas.... 2% Arkansas Nat Gas. .. #34 Ark Nat Gas (A) 8614 Asso Gas & Elec. 303 Asso GEE (A) 12.40. 1 Asso Laundries. 38% Asso Rayon pf (6).. % Atlantic Lobos...... 3% Atlas Utilides(war). 6% Austin Mot Co Ltd. 3 Auto Music A(f1.05) 914 ‘Auto Vot Ma ev pf pt 24% Aviation Corp of Am 124 Aviation Credit 6 Avia Sccof N 26 Axton-F Tob A (. 21 Bahia Corp. . 45% BancomitCor " Gt m R e Biue Auu\.acv prias) 5% Bourjo s 35% Brazil Trac & Lt(h?) 2%, Bridgept Mach 2% Brit Celanese ret, 24% BUuft, N&EP pf(1.60). 82 Bulovacvpf (3%) 2 Burco, Inc (war) 3 Bwana M Kubwa. % Cable&Wire (B) rcts 814 Canada Marconi. % Carib Syndicaty 28 CentPS (A) 19 Cent States El( 4% Centrifug Pipet6ic). 2% Chain Stores Dev. ... 9% Chain Stores Stock. . 17% Chat Ph Al n-v(50c). 177 Chem Nat Asso n-v. 2434 Cit Service (g30).4+ K8 Citles Srve pr «6). 43% City Sav B, Ltd(2.79) % Colombia Syndicate. 8% Col Oll & Gas vte . 221 Colts Pat Fire A (2). 33 Colum Pict vte (f1 3% Com’with & Sou war 11% Comm Wat Serv b6% % Comstock Tunnel. Consol Alrcraft % Consol Auto Merc! 3% Consol Copper 90t Con Gas, Balto( 10 Consol Laundries. . 5 Copeland Prod.inc A 6 Cord Corp. . 9% Corroon & Reynold; Cosden Oil £% Creole Petre Crocker Wheeler. 9% Crown Cork IntlA(1) # Cuban Cane propt w 30} Cumbeland P L(118) 34 Cuneo Press (2%)... 1% Curtiss Wright war. % Cusi Mex Mining. . 12 Darby Petrolmn (2). 2% Dayton Atr & Eng. €2 Deere & Co (11.20) 214 De Forest Radio. 4% Derby Ol Refining.. 4% Detroft Alrcraft 9%% Doehler Die Casting. 12% Douglas Alr (75e).. 71 Dow Chemical (2)... 140 Duke Power (36) 84 Duquesne Gas Cp w 4% Durant Motor: 18% Eastn Sta Pwr Bll). Tix Eastn U] Inv (A).. 9 Eisler Eelectrictl%) 92% Kl Bond&Sha cu pf(5 70% EI Bond & Sh (b6).. 103% El Bond & Sh of (6). 19 Elec Pwr Asso (1).. 16% Elec Pwr Asso A (1) 285 Elen Pwr & L op war 15% Elec Shareholdg(31) 3% Euro,Elecdeb rts 1% Evans Wallow Lead. 1% Fagol Motor. 45 Fajurdo Sugar. 22 Federal C.&W.(11.60) 16 Federal Screw (3 1 Flat Stock deb rt, 95 Firemen’s Fd Ins(5) % First Nat] Copper. .. 100 Florida P&LL pf (7). 18% Fokker Alrcraft. ... 28 Ford Mot Can A 1% 10% Ford Mor.Ltd. 37 %c. 2% Foundation For Shs. 2y Fox Theater Cl (A). 214 Galena Oil Corp. .... 2% General Baking..... 27 Gen Baking pf (3)... 10% Gen E. Ltd rets(50c) 27% Gen FI'proof (12%). 79 Gen G&Ecv pf Bi6). 21 Gleaner Harv,n (2). 75 Glen Alden Coal 9 Glob~ Underwriter 7 Goldberg Stores (1). 2% Jold Coin (new). Golden Center. .. . 18 Goldman Sach T C. 1% Gold Seal Elec new. . 180 Gr A &P Tn-v (5) 116% Gr A &P Tea pf (7). 4w Griflith (D W) (A) 117 Gulf Ollof Pa(13%). 18% Hazeltine Corp (2).. £% Hecia Mining (1). 13 Houston Ol of Texas 7 Hudson Bay M & 8. 78 Humble Ot (2)... 8% Hygrade Food Prod. 18% Imp OIL. Can, n(50¢). Indian P Ln (12%).. 4 Ind Terr 1llu O11 (A) 17 Ind “in ctfs(bl0%). 63 Ins Co, No Am (13).. 5% Insurance Sec(1.40). 31s Intercoast » e PorkrmrsoarrkSeabie Brneas g w 15 3 Nt St b o 170 Intl Petrol 10 Int'l Saf 50% Iutl Superpwr31) 6% Internat) Utll (B) Eaquity 8. 317 cv pri3).. 39 12 Irving Air Chute (1). 8% irving Afr Chute war 15 & 28 40 L 43 29 Kobacker Stores (1). 5% Lackawanna Sec(4). 22% 107% 3115 ) 16% NG STAR, NEW YORK CURB MARKE undred-share ~Prev.1930.~ - e 30 22% 24% Lone Si % W 117% 21% 2414 614 15% 21% 45% 44 4% 24 4% 1% 763 33% 115 3814 18% Louislana Lan & Ex. MacMarr Stores (1). Magdalena Synd. Mare Int M (52%e! Marine Mid (1.20)... Mass Util Asso. Mavis Bottling. Mayflower Asso (32) Memphis Nat Gas Mercantile Stors (5). Met & Min, I1ac(1.20) Met T Cor pt pf 3% Met Chain Stores. Mid Sts Pet v.t.c. Mid Sts Pet v.t.c. B.. Mid Wst Util(b8%). Midvale Co (4). Mid W Sts Ut (1%).. Mo Kan P L (b10%). Miss K P L v.te. Morison Elec(31) Mount Prod(1.60). ¢ Natl Amer Co Natl Bond & S (25¢). Natl Fam Strs(1.60). Natl Fuel Gas (1) Natl Investors. .... Natl Pub Sv A(1.60)" Natl Screen Sve(2). Nat Sh Tm Sec(f50¢) Natl Transit (1). Natl Union Radio, Nehi Corp (1.30). N J Zinc (1234) Newmont Min (14) Newport Co (2) N Y Rio&Bu Al 4« NY Tel pf (6%). N. Y. Transit (11.80) r.-H. Power (40¢) Niag.-H. Pwr A war. Mne: Hud Pwr B war -Hud Pwr C wai M-g. Shars Md(40c). Niles-Bem-P (123%). 4 Noranda Mines (2).. [ 2 No Am Aviat A war.. Noth Euro Oll Corp . Nor&Sou Am Corp A. Novadel Agene 72 Ohto Copper Ohio Oil Ohio Oil 1 . Oilstocks LtdA (50e), Orange Crush (13%)., Outbd Mot(A)(1.80). Outboard Motor (B). Pac G&EI 1st pf 1% Pac Pub Sve (1.30) Pandem Ofl. Pantepec Ofl. Patterson Sargnt (2) Pennroad Corp (20c) Pa Water&Pwr(3).. Perryman Elec. . Petrol Corp war Pitts Bess & L.E.(1% “ Philippe(L) A 1180., 4 Plymouth O1 (2) Premier Gold (24¢) Prince & White(25c) Prince & Whit pf(3) Prudential Invest Pub Uti) Hold w 4 Puget Sd P&T. pf (§) Pure OI1 pf (6). Radio Products (2) Ratlroad Sh Cp(25¢). Rainbow Lu Prod A. Rainbow Lu Prod B Reiter-Foste Reliance Manag. Reynolds Invest.... R'kland Lt & P (90c) Rolls-Roy of Am pf.. 4 Rossia Intl Corp... i St Rexls Paper (1). Salt Creek Prod (2) i Schulte Un 6o-31 St Seaboard Util (50¢). Seiberling Rubber Selected Industries. Sel Indust ctfs (414). Sentry Safety Cont Shenandoah Corp Shenan Coro of (a3). Silica Gel Ctfs Sisto Finance Corp So Cal Ed pf C (1%). So Col Pwr (A) (2) Southland Roy (1). Standard Motor: Stand OIl, Ind (234). Stand OfL. K'Y (+1.80) Stand Pwr & Lt (2).. Stand Pwr&Lt B (2). Stand Screw (8).... Starrett Corp of (3). Strauss Roth. Struthers Weli Sunrav Ofl (40¢) . Swift & Co new (2) Swift Internatl(214) Swiss-Am EI pf (6).. Tampa Electric (12) Technicolor_Ine. Texon Oil & Ld( Thatcher Sec Corp. Tobacco Pr Export: Tonopah Belmont Trensamer (31.60). Tran Con Afr Tran. Trans Lux DL P S. Tri-Cont Corp (war) Tri Utlifties($1.20).. Tung Sol Lamp (1) Un Nat Gas, Can 1.60 Unicn Tobacco. Unit Car Fastnr(60c) United Corp (war).. Unitt Dry Docks. .. Utd Foundersb2.35) United Gas Co (new) 5 United G Received by Private Wire Direct to The Star Office Stock and Dividend Rate. 21% Lane Bryant (2). 1% Leonard Ofl.. 38% Lerner Stores (2) 17% Lily Tulip Cup 1%. 3% Loew's. Ing (war). rGas.n (1). - T Te P CTOT CRNUBPS I - [T PP ooy -1V e naxmponneSxl dnoncnsnnelatma o SR N BB L - Sie 9 B S 311 185 26% 1 10% 33 145 16% €05 1001 408 96% % 6 b an a4 12% 4% 231 e [ 190 T D D RIS TN I T 0 e B AN MR a R e DD S war) WASHINGTON, D. C., 14% ' Itallan Superpwr A.. 9% United Gas pt (7) Utd Lt & Pwr A(1) Utd Lt & Pwr pf(6). U S Datry (B)... U S Elec Pwr ww. U S Foll (B) (1)..uu U S & Int) Secur. 0 S&Intl Sec 1st (5). U S Lines pf (1) U S & Over; U S Shares Utility Pwr&Lt(al). Utility & Ind. Utllity Equities. ... YVacuum Ofl (4). . Van Camp Packing. Van Camp Pkg pf Waitt & Bond A (2). Waitt&Bond,B(1.20) . Walgreen Co. Walker (H) (1) Walker Min (7%c).. Watson (J W) Co.... Wayne Pump. .. White Eagle O db rts Wil-Low Cafeteria. Wilson Jones (3). Wright Hargreav 'Y” Ofl & Gas. % Zonite Products (1). RIGHTS. Explre. 2% InsCoof NA..,..Oct 1 # Mo Kan Pip June2b 25 Dividend rates in dollurs based on last quarterly or semi- t annual_payment. ! % “EX dividend, tPartly extra. {Plus 4% in stock. .aPayable in 9% | cash or stock, bPavable in stock. dSubject o approval of stock- 25 28 | holders. eAdiusiment dividend. (Plus 5 in stock. ePIs &' in 401 Wit Plus 26 instock. KPlus 10% in % A et stock. hPlus 17, in stock. 4 4 stock. mPlus 1':% in stock. nPlus 8% in SLOCK. RAW SUGAR QUIET, | WITH FUTURES LOWER By the Assoclated Press. NEW YORK, July 16.—Raw sugar was quiet early today with offerings of store sugars easier at 3.24 for spots duty paid, although refiners were show= ing no interest. Cuba shipment sugar was avalleble at 3.28 delivered. No business was reported. The easier trend of the -spot market as well as lower London cables attracted further sell in raw futures, and prices declined. Trading became quiet after opening 1 to 2 points lower and under continued scattering liquidation j prices were generally 2 points net lower at midday In addition to some local selling, Cuban interests were credited with pressing the market while buying was limited to short covering’ on thie scale down. . 102% 102% In refined sugar, withdrawals were iexpected to be heavy as reluers were said to be forcing buyers to take sugar gran- ulated remained unchanged at 4.’ 'I\, with second hands at 4.55 attracting no at- tention. EARNINGS STATEMENTS By the Associated Press. NEW YORK, July 16.—Transue & Williams Steel* Forging Corporation re- ported for the quarter ended June 30 profit of $23,411 before Federal taxes, SHORT-TERM SECURITIES. (Reportea by J. & W. Sellgman & Co. Allis-Chalmers Co. 5s 1937 mp Americar, Tel. & Tel, 535 1943 1 American Thread 5%s 1938.... ore & Ohio 4%3s 1933 anadian Nor. Rwy. 4128 Chi“ugo Rock Isiand 4s 1934. Ghile Copper Co. 58 1047. Gudiny Packine co. b1 Gen' Mot.. Accep. Co General Pet. Corp. 55 1940 Gen: Theatcr Equip, "se 1046 Gooayear T th3 Grand Trunk Canada Gulf Ol of Pa_ b5 1837 Pummp Oil st 1932, nternat Match Chy. & St. Lo Eniling et &o; 85, Sinclair Crude Oil Co. 8%%s. Btandard OIl N. Jersey 68 1948 ork 4123 o QN o Ry 5s 1081 & Co. 55 Union “Oil Co. of Cal United Drug Co. 55 1953. U. 8. Rubber 55 1947 Western Electric Co. ‘8§ Wheelins "Steet ‘Corp. "§1oe 1oib 10334 Wheeling Steel Corp. 4}ss 103. 91% o compared with $137,603 in the like quarter last year. Profit for the first half this year was given as $52,730 be- fore Federal taxes, compared with $288,- 279 in the corresponding period last year. ‘The American Chicle Co. reported for the first half this year earnings equal to $2.16 a share on 500,000 common shares, compared with $227 & share on 435,389 common shares in the first balf last year. The American-La France & Foamite Co., for the quarter ended June 30, reported a net loss of $45,282, compared with a profit of $126,600 in the second quarter last year. For the first half this year the company reported a net loss of $111,605, compared vllth a profit of $79,338 in the first hll.l of 1929, More than 1,500,000 tons of mined coal await shipment in Belgium. FARM BOARD WILL STUDY TURPENTINE INDUSTRY SR The Federal Farm Board decided to- day to send a representgtive to the Southeastern States to investigate the production and marketing situation in the turpentine industry. This announcement was made by Representative Yom, Democrat, Florida, after he and Julian Langner, repre- senting the Naval Stores Marketing Corporation, 'a co-operative marketing organization, had conferred with the board. Wrigley Shows Gain. NEW YORK, July 16 (#).—The Wil- liam Wrigley, Jr., Co. reported for the second quarter ended June 30, ex- clusive of foreign subsidiaries, net profit of $3,014,455, equal to $1.50 per share on 1,999,974 no-par shares, compared with $2,690,091, or $1.49 a share on 1,800,000 sharesg for the second quar- ter last year. }l t profit for the first half of this year was given as $5,657,- 881, equal to $2.82 a share, compared with $5.211,990, equal to $289 a share, in the like period last year. Gas Equipment Contracts. Natural gas companies placed con- tracts totaling $200,000,000 several days ago with makers of pipes, couplings, compressors and various other acce: jes. Gasoline pipe line: was _announced Tuesday, involving ex- penditures of nearly $100,000,000, are now. either in actual construction or beyond the blue-print stage. Sixty- eight companies listed on local ex- changes here, as well asout-of-town markets, should benefit from these gi- gantic networks of pipe lines. DOMESTIC COPPER DROPS. NEW YORK, July 16 (#).—Custom smelters today reduced the price of do- mestic copper to 1114 cents a pound, de- livered, a reduction of one-quarter of a cent from the previous level and the lowest price the metal has sold in the domestic market since 1921. Large pro- | ducers, however, continued to hold cop-| per at’the ll’g-tent price. Gam in Bm]dmg ‘The improvement in residential building means much more than merely betterment in construction-material in- dustries. Makers of plumbing, heating and all sorts of household devices, as well as manufacturers of furniture, al- ways feel any pick-up in apartment and iprl\’ute residential c0n<l|‘uctmn EATES ON SILVER LONDON, July 16 (P.—Bar silver, 25 13-16 pence per ounce; money, 11z per cent. Discount rates—sShort bills, 2 5-16 at 2 3-8 per cent; three months, 2 3-8 per cent. STEEL PRICES. NEW YORK, July 16 (#).—Steel prices unchanged. BONDS ON THE CURB MARKET. Sales DOMESTIC BONDS. |inh High. '56. 103 "68 10315 167 977 148 997s dreds. 2 Alabama Pow 5s 2 Alabama Pow 58 30 Alabama Pw_ 4’38 15 Aluminum Ltd 55 10 Am Cmwlh Pw _6s '40 9514 96 Amer G & E 55 '28. 98% 1Amer B & L 65 2016 1071 2 Amer. Roll Mill 5s 5 Appalach Pow 55 ' 1 Appalach_Gas 6s ' 17 Appelac Gas 6s B 2Arkans P & L 55 6 Asso_Electric 45 ! & E 4s 48 ww 4 As Tel Utll 5tas '44 C 1 Bates Valv 6542 ww 107 <& Belrel"Canss A 55 103% 2 Bell Tel Can, 55 C '55 10234 12 Bost & Me 2d 55 '35 992 12 Can Nat R E 43s '35 100 10 Cap Adm_ 55 53 7 Gent Bt Flec 1Cent Stat Elec 35 '48 10 Cent St P&L 5125 '53 & 130 Crane Comp 55...... I 13 Calit_Pack 5s 1Can Pac 4las 5Chic Ry cod 5 5 Childs Co 55 88 5Cig Sir Re 5% A '49 86%a 70 Citles Service 55 '50.. 10012 3 Citles Service b '66. . 82 5Cit Berv Gas 5las 1Cit Serv Pow 5'us '52 1Cleve Elec Blu 7s 1Con G Bal 4%s G ' 8 Consum Pow 4135 3Cont G & E 55 A | 2 Crucible Steel 55 3 Cudahy Pkg 5'as 5 Det Int Brdg 635 12 Det Inter Brdg, 51is restone C 3 Firestone Tire 55 1Fisk Rubber 5158 30 Fiorida P & L bs 6 Gatineau Fow 55 11 Gatineau Pow 65 ' 2 Gen Vend 6s '37 20 Georgia Power 55 13 GUtr*0n "By 55 s 10 Guif St Util 55 A '58 2 Hood Rubber 7s ‘36, 1 Houst Gult G 6s A '43 9334 1Hygrade Fd 65 A '49 5914 4 Independy Oil 65 '39 104 6 Indnap P&L 55 A ' 17 Inland Uti:'6s 34, 6 lusull Ulilit 65 B 2 Inter Pw Sec s E '5 7 intersta Power 5s '57 28 Inves Co_ 55 A ‘47 xw SInv Eq 55 A '47 ww 3 lowa-Neb L&P 55 '51 5Kans G&E 65 A 2032 3 Koppers G&C_5s '47 4 Kopper G&C 5128 50 4 Laclede G Sias 60 wi 6 Lehigh P S Gs A 2026 MLa P & LS5 57 14 Manitob P hius A 42 Mase ‘Gas slay ‘s SMinn P & L dtes 78 3 Mo Pac R R'5s 80 wi 24 Mont L, H 5 20 Montr 9812 891s 7 Neisner Bro: 1New Eng G 7 New Eng G&E TN Y P & L 23 Ning_Shates 5125 5 Nor Sta Pow 6135 '33 18 Nor Tex Ut 7s '35 ww 5 North_Power 6s '60. 12 Ohio_Pow 55 B '52... 3Pac Invest 55 48 ww 1Pac W O 615 '43 ww 1Penn Doc & W 6s 2Penn O Ed 525 B 2 Poor & Co 8 ‘3¢, 2 Quusb Gas 5! & Rel" Monare. 55 A & Son b 58 C s PBs 5 Shaw'g 55 C 20 Shawsheen 7s '3i 2 Shefrield Steel 51 2 Sillc, Gel 815 44 SE 12 Soi 1 South 4 Southe 1 South s 1 8taey wity s a3 1Standard Inv ss '37.; 5 Standard P&L 6s 5 Swift Co 5s '32..... 50 Texas P & L 5s ‘56, 43Tri Util 5s 18, 2Ulen & Co 65 “44. 300t Lt & Ry 65 A '63 mn 2 Union Gas 5t - 1 Saxet s 40 ine Oil 75 '3 10 Van Sweringen 6s 1 Wabash 55 D 8 9 Waldor{-Astor 17 Wash W & Pow 55 5 Webster Mill §1ss 139 9312 5 Wes Penn 5s 2030 wi 897 6 Wes Tex Ut bs A '15 92 FOREIGN BONDS. nds. 13 Berlin Cy E 65 '55 wi 12 Brisbane City 6s '50 8 Buenos Alres 6las ‘61 2 Buen Air Pr Tias 7 Cent Bk Co 6s B '5] 20 Chile Mtg Bk 6s 2Com Pr Bk 5! 1 Cuban Repub §s Kt gGen Mig B 55 18 Biitop B} Cp 6135 ‘6 30 Europ. Mue s 663> § 1Ger Cons Mun 6s '47 8 Ger Con Mun, 75 47 10 Gesfueral 65 's 2 Gesfueral 65 " 11tal Sup Pow 3 Mendoza_Pr. 2 Nippon EI P 6125 '33 2 Parana Brazil 7 12 Prussia F 8 65 5200 1Prussian F 8 6158 51 6 Ruht G Co 645 A 53 3 Sparey Naw 31035 vy g 8 Uit EL Ser 7 58 8534 9514 8613 uonsgnu‘:‘.E.Sau- 2532383 WEDNESDAY, JULY 16, 1930. FINANC STOCK AND BOND. AVERAGES By the Associated Press. From Yesterday's 5:30 Edition. STOCKS. 50 Industrials. 165.1 . 1652 154.5 168.3 228.2 1578 Today. . Previous day. ‘Week ago Month ago.. Year ago. Two years ago. Three years ago, weeky aver. High (1930)..... Low (1930 High (1929) Low (1929). Today.... Previous day. Week ago. Month ago.. Year ago. Two years ago. Three years ago, weeky aver High (1930) ... Low (1930). High (1 Low (1 Industrials. 93, 20 Rails. 1241 1243 18 124.0 157.8 1184 119.1 1416 10 Rails. 107.4 1074 107.0 107.1 102.4 105.] (Copyright. 1930. Skandard Statistics Co.) CHICAGO LIVE STOCK MARKET CHICAGO, July 16 () (United States Department of Agriculture). — Hogs, 21,000 head, including 4.000 direct; un- evenly, 10a25 lower; light weights and butchers off mostly; early top 9.50; bulk desirable, 170-200 pounds, 9.30a9.45: light light, good and choice, 140-160 pounds, 9.30a9.45; light weight, 160-200 pounds, 9.25a9.50; medium weight, 200- 250 pounds, 8.80a9.45: heavy weight, 250-350 pounds, 8.25a8.90; packing sows, medium and good, 275-500 pounds, 7.00 a8.00; slaughter pigs, good and choice, 100-130 pounds, 8.50a9.00. Cattle, 19,000 head; calves, 2,000 head; semi-demoralized trade. on weighty cattle; 50 or more lower; new lows since 1926; prospective top on weighty bullocks around 11.00; best long yearlings early 11.00; mostly 8.50a 19.75 on fed steers; slaughter cattle and vealers, steers, good and choice, 600~ 900 pound 9.25a11.00; 900a1,100 pounds, 8.75a11.00; 1,100-1,300 pounds, 8.75a11.00; 1,300a1,500 pounds, 8.25a 11.00; common and medium, 600-1,300 pounds, 6.00a8.75; heifers, good and choice, 550-850 ' pounds, = 9.00a11.00; common and medium, 5.50a9.00; cows, good and choice, .50a8.58; common and n{eoflolum, choice, 550-850 pounds, 9.00a 11.00. Common and medlum. 5.5029.00; cows. food and choic, 6.50a8.50; common and medium, 4.7526.50; low cutter and Cut ter, 3.75a4.75; bulls (yearlings excluded). good and choice_(beef), 6.75a8.00; cut- ter to medium, 5.50a7.25; vealers (milk fed), good and choice, 12.00a13.50 medium, 10.50212.00; cull and commor: 6.00210.50. Stocker and feeder cattle—Steers, good and choice. 500-1,050 pounds, 7.50 28.75; common and medium, £ a7 Sheep—Receipts, 17,000 head; bids and a few sales, 25 lower; lightly sorted natives, 10.50; early top to out- siders, 1100; best western lambs held above 11.25; fat ewes, strong at 2.00a 3.75; feeders, scarce. Slaughter sheep and lambs—Lambs, 90 pounds dcwn, good and choice, 10.25a11.40; medi 9.00a10.25; ali weights, conimon, 9.00; ewes, 90-150 pounds,’ medium to | choice, 2.25n4.00; all weights, cull and common, 1.00a2.75; feedi lambs. 50~ 5. pounds guod and chm ', 7.25a8 00. BANKERS’ AC ACCEPTANCES NEW YORK, July 16 (#).—Retire- ment of seasonal credits established six months .go, the steady reduction of national exports and lower scale com- modity prices were factors contributing to a $77,000,000 drop in bankers’ ac- ceptances during Juve, the American Acceptance Council reports. Robert H. Bean, executive secretary of the council, said the $77,375,6%3 decrease to $1,304,831,222 was unexpectedly large, although the volume was $191,781,976 greater than a year ago. Normally, he said, the turn of the half year is ac- companied by a definite upward trend in _the volume of acceptances. ‘The decrease in June brought the total drop since December 31 to $427- 000,000, or 25 per cent, of which $235,000,000 has been accounted for since March 31. STOCKHOIIERS APPROVE MARYLAND BANK MERGER Special Digpatch to The Star. DALTIMORE, July 16.—Shareholders of the Maryland Trust Co. and the Continental Trust Co. yesterday ratified the ronsolidation of the respective in- stitutions with the Drovers & Mechanics” National Bank. This makes the merger effective. ‘The new institution, which will be known as the Maryland Trust Co., will have resources of approximately $47,- 000,000, and will begin functioning as such July 28, it was stated by Heyward E. Boyce, who will be president of the SHOW DECLINE IN JUNE! IAL LIGHT FRUIT CROP FOR NATION SEEN Grapes and Potatoes Stand . Out as More Plentiful in General List. Rather light crops of most fruits |are in prospect this vear, except in | California. Grapes wiil be abundant. Potatoes will be more plentiful than last season, though not much more than an average sized crop. Sweet | potatoes will be just about equal to the five-year average figure. Prices were lower last week for pota- tdes, cantaloupes, peaches, lettuce and | melons—but higher ranges prevailed | for tomatoes, and onion markets were lh’.u‘ly firm. Total shipments of 34 | fruits and vegetables increased very |sharply to 26,640 cars—about 5,000 more than the preceding week and 3,700 more than a year ago. Water- melons and potatoes were particularly heavy. The total apple crop was forecast in July at 145,388,000 bushels, or 2 per cent greater than the light crop of last year, but one-fifth less the average of precedihg five seasons. Commercial crop is indicated at 28,964,000 barrel about the same as in 1929, but nearly 10 per cent less than average. ‘The | North Atlantic group has about 30 per cent more commercial apples than last year, while Western States have only ~slightly more than in 1929. Virginla and West Virginia are short. Michigan will be light. The commercial crop in Washington may fall a little below the record of last season. Con- dition of the apple crop is spotte: Shipments are already averaging 125 cars daily. Baltimore Power Increase. Special Dispatch to The Star. BALTIMORE, July 16.—Industrial power supplied to Baltimore industry by the Consolidated Gas, Electric Light & Power Co., exclusive of the power sold to the Bethlehem Steel Corporation and the Baltimore Copper Smelting & Roll- ing Co., totaled 193,962,765 kilowatt hours during the first five months of 1930, as compared with 179,039,514 kilo~ watt hours in the like period of 1929. This is an increase of 8.34 per cent. Industrial power sales for January were 28,977,805 kilowatt hours, as com- pared with 35,422,647 in January, 192 in February, 37,026,154, as against 33,- 499,321; for March, 38,578,577, as against 35,787,754, for April, 39,461,621, as against 36,773,813, and for May, 39 gu,sna as against 37,558,979 kilowatt ours. oo ek PARIS BOURSE QUIET. PARIS, July 16 () —Trading was cent rentes, 88 francs 50 centimes; 5 per cent loan, 102 francs; exchange on London, 123 francs 61!2 centimes. The dollar was quoted at 25 franes 40% centimes. 29 x 4.40 29 x 4.50 30 x 4.50 28x4.75 29 x 5.00 31x 525 29 x 5.50 . 32x600 « o at chain store prices Strong and-tough in every pare. Extra size and extra built. The very finest tires offered at anywhere near these low prices —and why shouldn’t they be? They’re 7.93 9.795 9.95 12.90 Other sizes proportionately low LIBERAL tires, built by the industry’s lead- we have ever seen quiet on the Bourse today. Three per | ALLOWANCE on your old tires toward a set of KELLY BALLOONS Barry-Pate Motor Co. 2525 Sherman Ave. N.W. Washington, D. C. Chesley & Harveycutter Co., Inc. 15th and You Sts. NW. Washington, D. C. Crosstown Auto Supply Co. 1801 14th St. N.W. Washington, D, C Fidelity Storage Co. 1420 You St. NW. Washington, D. C Fouy Wheel Drive Co. 14 H St. N.E. Washington, D. C. Haines Service Station 6503 Georgia Ave. NW. Washington, D. C. Hllitop Service Station, Inc. 4532 Wisconsin Ave. NW. Washington, D. C. Stanley Horner, Inc. 1220 19th St. N.W. Washington, D. C. B. D. Jerman & Co. 2827 M St. N.W. Washington, D. C. Koontz Service Stal 1301 Good Hope Rd. S.E. ing quality manufacturer. Covered by Kelly’s and our own unlimited guarantee. Look at the prices! Anacostia, D. C. Lakeman Gasoline Service Station 915 Rhode Island Ave. N.W. Washington, D. C. National Auto Sales 33 New York Ave. N.E. ‘Washington, D. New York Avenue Garage 606 New York Ave. N.W. Washington, D. C. Northeast Olds Sales & Service 64 H St. N. E. ‘Washington, D. C. Olds Motor Works 1515 14th St. N.W. Washington, D. C. 0nit Tnduss ‘8108 41 WW—With Warrants. X Without " warrants. S When issued. 4 All KELLY dealers Olds Washington Co. 1515 14th St. N.W. Washington, D. C. P. W. Motors Co., Inc. 1701 Kalorama Rd. N.W. Washington, D, C. Padgett Joyce Motors Co. 712 E St. S.E. Washington, D. C. Frank S. Pohanka 1126 20th St. N.W. Washington, D. C. Simmons Motor Co. 1515 14th St. N.W. Washington, D. C. Sparks Garage 1126 21st St. N.W. Washington, D. C. R. L. Taylor Motor Co. 1840 14th St. N.W. Washington, D. C. Uptown Auto Supply Co. 2017 18th St. N.W. ‘Washington, D. C. Warfield Motor Co. 1130 Connecticut Ave. N.W. Washington, D. C. Wisconsin Motor Co. 1063 Wisconsin Ave. N.W. Washington, D. C. Acme Sales Co. 310 Penna. Ave. N.W. Washington, D. C. Jerome Franciulli, Inc. 1206 23rd St. NW . ‘Washington, D. C. Dick Murphy, Inc. 1724 Kalorama Rd. N.W. Washington, D. C. Virginia Auto Supply Rosslyn, Va. Eugene Arrington 640 Lee Highway Cherrydale, Va, are_Independent dealers ?