Evening Star Newspaper, July 17, 1930, Page 14

FINANCIAL MUTUR AGTIVITIES REACH LOW TIDE Ford Plant Vacation Cuts Production to Smallest Volume of Year. { l BY DAVID J. WILIE, ! Associated Press Staff Writer. 1 DETROIT, July 17.—Manufacturing | mctivity in the automobile industry is at robably its lowest point of the year as Ehe result of the closing down of the Ford Motor Co. plants for a two weeks’ vacation period. With the Chevrolet Co., the Ford interests have been ac- counting for more than half the total roduction and sales of the industry so ?ll' this year. The suspension which began last Saturday, and the restricted production schedule of many other companies, conuquenflv means that the industry as a whole is producing very few cars this month. In the Detroit district the shutting down of the Ford plants affected more than 100,000 workers. The possibilities for develpoment in the export phase of the automobile ln- dustry continue to occupy a large of the interest of automotive execu Ves 1~ small part of this interest continues to center around the effect the new tariff law may have on overseas busi- ness. In some quarters allied with the automobile industry the belief is ex- ressed that much of the immediate ?uture development of the industry must depend upon expansion of the business in (orel n fields. ‘The &dustrys leaders realize that in the domestic field they have supplied the motor car for approximately every four persons in the United States and that the registration of automobiles shows the United States has three times as many as all the rest of the world combined. The figures, however, are as of January 1 last, and sales ex- ecutives of the industry point out that thousands of cars that ahnuld have been replaced were carried over into 1930 registry because of business conditions and lack o! employment, rts in circulation !:r some t:n:‘e t Buick would present a comple! l‘i‘::‘e of eight-cylinder models this Sum- mer were confirmed with the announce- ment that the new cars would be. in- troduced on July 26. Although the an- ouncement gave no details, it is under- otnod that with the introduction of the lirider model Buick plans to ue production on all of its six- types. ey'l!l'!l"l:!:mw Chrysler models announced several weeks ago will be iormluy pre- sented this week end. Barring a new model Packard, introduction of the new chryaler and the new Buick models will virtually clean up the new types %o be brought out this Summer. Special Dispatch to The Star. TIMORE, July 'h?':? 100 porunds. 2.0082.25; nev, 17.—Potatoes, blr- 00 lima beans, te, 3081.00; onions, amper, 60a75; inach, bushel, 5; to- 3.7529.00; les, Brslons. 106, 30.008 Poul ali lancy creamery, wund 325!5 1adles, h'-'.! m“l 24a25; process, 28a20; store pack Hay and Grll'n- Rt ‘Wheat—No. 2 red Winter, expo) No. 2 wmu:. flrlllcrk,y. ‘lg‘;& 88%; July, August delivery, /a- “am—No 2 domestic, yellow, new, 94a95! cob corn, 4.2524.50. Rye—Nearby, wl'lo Onts—White, No. 2, 47; No. 3, 46. Hay—Receipts, none. The gen: hay market continues quiet under light receipts, mostly by truck, but ample for the demand, which is limited. While not enough hay is u-nvlnl on which to_establish values by grades on car- loul lots, the better grade of timothy and clover mlxed are in fair demand at & range of 20.00a25.00 per ton. Live Stock Market. “.le—fleeflp&l. iflhl.l:ld light sup- 80.00 8| and lambs—Receipts, 800 head; u;h?nexpwly. market lower. Sheep, 1.00 to 3.50; Jambs, 000 to 10.75. Rec 400 head; light sup- ?ll)ybfl heavies, 9.50 to 10.30 to 10.50; roughs, 695 to 8.60; light pigs, 9.00 to 10.00; pigs, 8.75 to 10.30. Calves—Receipts, 100 head; light sup- ply, market lower. Calves, 5.00 to 11.50. EARNINGS S:I'ATEENTS NEW YORK, July 17.—The Mathie- son Alkali Works' reported for the quarter ended June 30 earnings equal '.o 81 cents a share, compared with 76 cents in the preceding quarter and 96 ocents in the like quarter last year Earnings for the six months ended June 30 were equivalent to $1.57 a share, eompared with $1.75 in tne correspond- ing period of 1929. ‘The New York State Rallways, for the quarter ended March 31, reported a net loss of $95,673, compared with a net profit of $200,611 in the first quar- ter of last year. The Ross Gear & Tool Co, for the second quarter, reported net profit of $167,551, equal to $1.11 a sl come red with $190,805, or $1.27 a share in Ee like quarter last year. Net for the six months ended June 30, 'l.l $256,948, equal to $1.71 a share, red with $436,336, or $2.90 & lhlre mthe first half of lnt year, ‘The People’s Gas Lig Light & Coke Oo. of Chicago and subsidiaries reported for the quarter ended June 30, net income of $1,801,855, equal to $2.96 a share on 008,328 shares, compared with $1- 794,755, or $3.18 a share on 563,993 shares, in the like quarter of last year. (Continued From Page 13.) Stock and 244 an Distille 125 Natl Lead 1! 13814 Natl Lead pl(A) '17% N Y Invest (1.20). 97% N Y N H & Hart (6). NYNH&HDt (7). 100 N Y Steam pf (6).... 10 Norfolk & Southern. 213% Nort & Western (10) 83 Norfolk & Wn pf (4).190s 7% North Am Aviation.. 23 87% North Am(b10%stk) 80 100% North Am Ed pf (6). 1 66% Northern Pacific (5). i 9% Ofl Well Supply. . 86 Oil Well Sup pf (7). .150- 18% Oliver Farm Equip.. 70 OlivFr Eqpf A (6).. 55 Otis Elev. ud%). . 25 Otis Steel (3 524 Paciflo Gas &1 ar. 72 Pacifio Lighting (3), 2 130 Paclific Tel &Tel (7). 508 116% Pacific Tel & T pt(6) 2008 1214 Packard Motor (1) 51% Pan-Am Petrolm 3 1 9 2 2 48% Param’nt Publix ll) 1‘5 19 Park & Tilford (33).. 1% Park Utah..ccoeceee Parmelee Trans 1% 5 Pathe Exchange (A). 17 Patino Mines... 26% Penick & Ford (1)... 48 Penney (J C) (3) 93% Penney(JC) pt A($). 30% Penn Dixie Cmt pf... 69% Perma R R (4)..0.. .. lzb 230 People’s Gas, Chi (3). 943 Pere Marq pr pt (5).. 27% 18% Petrol Corp (1%). 21% 17% Pet Milk (1%).. 44% 29% Phelps Dodge (3). 248 200 Phila Company-(17). 55 504 PhilaCo6% pf (3).., 36% 35% Phila Rap T pf (3%). 108 26% 11% Phila Read C&1.. 44% 29w Phillips Petrm (n3).. 82 684 Plerce-Arrow of (8). 2% 1 PlerceOfl. T4 2% Plerce Petroleum. 37% 27 Pilisbury Flour (3).. 8% , 47 Pittsburgh Coal..... PittsMcK&Yng (3).. 103 | 93% Pitts Steel pf (7).... 15% 7 Fittsbgh Trmi Coal. . 34% 20% Poor &Co (B) (2)... 26- PRAmTob A (3%). 9 P Rican Am To (B).. 35% Prairie Oll & Gas(2) 44% Prairie Pipe L 'b":'i (2. 128% #1% PubServ.NJ 98% 91% Pub Serv N'J pf 49% Royal Dutch(3.2165) 70% Safeway (e8).. 94 Safeway pf (6) 16% Sharp 31% !hntuck(l‘fl) (11%) 18 Shell Union (LCU)--. 95 Shell Un Ol pf (5%). 8% Shubert Theatres. 21 SimmonsCo.... 18 Simms Petrm (1. 20 Sinclair Con Ofl fl)-. Sl! 28% Skelly Ol (2)..000ee 89% Skelly Oil pf (6. 41% Sloss-ShefMeld pf ('l) IOI 4 Snider Packing...... 15 Snider Packing pf... l THE EVENING STAR, NEW YORK STOCK EXCHANGE Nessived by Frbwte Wise Biscst fo The Séar Ofen —Prev.1938 High. Low. ’6% Solvay Am pf(5%).., Sou Porto Sug (1.40).7 12 So Port Rie 8 pf (I).. lo- Southern Cal Ed (2).. Southern Pacific (§). ‘Tobacco Sules— Divident “Raie. Ataon Spalding (A G) (2).. Spalding 1st pf (T) Stand Comm Tob. Sand G&E (3%) Stand G & B pf (4). Stand Gas& El pf(6) . Stand Invest Corp. .+ Stand O of Cal (2% )e Stand Oil of Kan (2» Stand 01l of N J (12%.1050 Stand O1l N Y (1.60), 135 Sterling Seo (A).. .. Sterling Sec cv pf(3) Stewart-Warner (1). Stone & Webster (4), Studebaker Corp (4). Sun O11 (11) Sun Ol pf (6).. Superheater (13%) Superior Sweets of Amer (1) Symington......e.e Telautog’h C (11.35). Tenn Cop & CB (1)ee T % Thatcher Mfg (1.60). Thatcher pf (3.60)..; Thermoid Co.n. ... Third Nat Inv (2) Thompson Starrett. Tide Water Am (80c). Tide Water A pt (6) ‘Timken Det Ax(80c). Timken Roller (3)... Tobac Prod (A)(80c) Transcont] O1l (30c). 00. High. 1 112% - 8 oRrnetnlonTanenbnann » % 59% 59% 103% 104% % 42 424 5% 1% 3% 18% 1% 53% 567 ofl.... Products. . . Tri-Cntl Uol"p ot (6). Trico Prod (2%) e Und-Bll-Fisener (5). Union Carbide (2.60) Union Oil of Cal (32) Unlon Pacific (“)- . Utd Blleln! (LID; e Wabasa Divide ..l’ HI OX in | R rates b s Sk n stocl 22% Utd Cigar Stores. United Corp (50¢)., United Corp pf (3). % Univ Leaf Tob n!( ). zn- Univ Pipe & Rad.... Utll Pwr&Lt A (82) % Vadasco Sales Corp.. Vanadium Stl (14).. Jsss Va-Caro Chem 6% Va-Caro Chem pf(7). Va El & Pwr pf (7)..2008 Vulcan Det (4). Waldort Systm (1%). Walworth Co (2).... Ward Baking (A)... Ward Baking (B).... ‘Ward Baking pf (7).. Warner Bros Pl (4)./ 751 45% Warner-Quinlan (1h. Warren Bros (3).. 4. Warren Fdy & P (2). Wess oil & Snow (3), West Penn EL A (7). zn- 105 ‘West Penn El pf (6). 10s 101% ‘West Penn El p£ (7). 10s 111 West Penn Pw n;ln., 208 108% Pump. 31 Wrigley/(Wm) (4).. 249 78% Yale&Towne Mg (4) i Yellow T: Zenith Radio. RIGHETS EXPIRE Am Tl & Tel.Aug 1 432 Ches/& Oh Inter Salt Sales of Stocks on New York Exchange 10:30 AM..m.con 334,800 12:00 NooB..... Tise I oo 1,682,300 8 on the. Tatest Fasable tn scrib, fhlus ie”in ‘stock. 8 15 ot i « 1478 87 42 36 2 26% 16 24% 808 26% 1 8% 1 59% 14 14% 3 494 fl 32% 24% 101%, 101% by Electric 5s steady. 111 111 108% 108% 18% 13% 26 25% Wi Western Undon (8. Waestinghse 4 B (2) ‘Westinghse E&M (5) 184 llth ‘White Motors (3)... White Rclks MS(14%) ‘White Sewing Mach.. Wilcox & Rich B (3). 8% 8% 42% 42% 26% 27% 8% 8% 3 4 ‘ruck. 118 27% 5 9% 18% 19% 21% 22 % % 19 21% L 195 July 28 57 22 JJuly21 33 % 1101,600 967600 rly dg:“lu‘:;: nln jast year— 'h 3 §% in “7‘-”.!? » Flus 310 FAL........ the above table uarterly or P stos d ible ¥ us 8% 1n stock. an 1 tock. k Plus NEW YORK, July 17—The following is today’s summary of important corpo- ration news prepared by Standard Sta- tistics Co., Inc,, New York, for the As- sociated Press: News Trend. Trend of corporate news remains about the same, with Mathieson Alkali Works reporting a moderate drop in the first six months, Purity Bakeries' net showing a decline of 13.2 per cent in. 28 weeks to July 12, while opera- tions of Aviation Indulmu, Inc., for the year to January 31 resulted n & The indorsement of Texas operators to reduce the State's output 125,000 barrels Below current output makes or- ganized restriction of crude production practically unanimoi since flush pools in California and Oklahoma ter- ritories are now producing under strict roration programs. 3 1t is re| prt:s!'thl-t the Ford Motgr Co. having ‘shut down works until July 1930, has placed orders for a consi erable tonnage of sheet steel, but that its schedule for the first 10 dlYl of | tel , com- 1d be 6,500 cars August woul % 5300 pared with the recent outvut. cars, ‘The Industries. Lead—The American Bureau of Metal Statistics reports that doi uc- tion of refined lead totaled 50,721 short tons in June, or 4 per cent below May output and 13 per cent under June, 1929, production. Lead stocks, at end of June. however were 55,501 tons, or 5,863 above May. Ofl—Texas operators have indorsed & further reduction in State’s production of crude ofl by 126,000 barrels daily from present output of 863,450. The revised output will be 50,000 barrels daily un- ‘The Foote-Burt Co. of Cleveland re- ported for the first half net ‘profit of ety us, ual to 84 cents & share, com- $241,' 711 or $248 a share, E: period last year, RAW SILK )IAm‘I'. NEW YORK, July 17 (CP.A. ‘The market for raw silk futures opened to- day with quotations 1 higher w 9 lower. No sales were reported at the call. Around mid-day prices were holding about unchai at_the early levels with trading quiet. Yokomaha futures were 10 lower to 8 higher and Kobe off i2 to up 6 der the current maximum demand of G.' firoads—Daniel Willard, president 'llfl.mte & Ohio Railroad, , saying company's tariff statists found no basis for estimate of $40,000,000 to $60,000,000 increase in annual railroad revenues, because of revision of Eastern freight rates. Steel—According to the Iron Age, structural steel -wnrdn last week ag- gregated 58,000 tons, which exceeded the high mark reached in the final totaled 37.8 billion kilowait hours, an increase of 1.7 over the 1929 period and 15.1 above the first half, of !02! ‘This is in line with 4 per cent ncrease in total revenues over 1929, lnd 12.7 m:e:v. l:bcve lflkl.wl-lsh%ar;g power ouf uring weel ul &cli.ned 2.52 per cent from the 1929 el i The Companies. Alpha Portland Cement earned: $1.78 share 12 months, to June 30, against $3.15. American-La Prance & Foamite h.d deficit of 645282 in June gqua against net $126,600; six months® defl:it. $111,605, against net of $79,338. . Brookiyn Union Ou Public Service Commission refuses to permit sale of new coke-oven gas plant at Greenpoint to Koppers Bullidllry Brooklyn Coke & By-Products_Corporation. Canada Ginger Ale $4.64 in nine -months, to June 30, against $4.71; June quarter net up 5.6 per cent. Chesapeake & Ohio Railway lets con- tract about $1,100,000 for single-track tunnel Jersey run to Alleghany, Va. Citles Service June net up 59 per cent; 12 months to June 30, 5 per cent over year ago. Subsidiary, Crew Levick Co., acquires Sunshine Oil Co., Roches- Connecticut Light & Power acquires l)y:rco Dam Power Plant of Connecti- cul Forest Radio current operations stockholders July to vacate Adrian, Mich., plant and centralize operations at_Toledo, Ohio. Foster Wheeler unfilled orders re- ported currently $1,000,000 over Jan- ulry 1 total of $9,300,000. General Motors Radlo Corporation, controlled by General Motors Corpora. tion and Radio ion of Americe currently lucing 750 sets daily. G. R. Kinney Co. had deficit of $206,- 519 six months, to June 30, against net of $377,650 year ago. Magma Copper output in 19 days June, 2,569,706 pounds of eawer. J. J. Newberry interests believed nego- i 5‘ with Metropolitan North American Aviation president announces future enlargement of com- ny's opera rather than investing functions; liquidating value June 30, :;gb" share, against $0.52 December 31, Radio_Corporation of America, sub- rned week of January by 5,000 tons. UNIIM—NIMI 1 Electric t As- sociation uvnnmmv-mmmux‘ P sidiary, R .C. A. Radiatron, reduces four vu:uum tube prices average of 24 per mm«ouov.dnnunm- sidlary, Standard Ofl Co. of Pennsylva. nia, acquires retail marketing facilities of Waverly Oil Works Co. Timken Roller Bearing share earn- ings in June quarter, $1.25 against $1.74; six months, $2.54, against $3.51. Transue & Williams Steel Forgings earned 23 cents in June quarter, against $1.38; six months, 53 cents, $2.88. United States Steel rlen re- THURSDAY, BONDS UNCHANGED | EIBONDS___fil Wire Direct to The Star Office IN QUIET TRADING| - Investment Interest Shown in Select Group of Rails and Foreign Issues. BY DONALD C. BOLLES, Associated Press Pinancial Writer. NEW YORK, July 17—The price level of bonds on the New York Stock Exchange was little disturbed by the quiet trading today. \Investment inter- est was displayed in a select group of railroad and foreign bonds and these issues showed to the greatest advantage, moderate advances being recorded in the early dealings. Prices throughout the rest of the list held close to yesterday's closing, with investment issues maintaining a firm trend. Turnover of stock privilege is- sues was reduced with a slight tendency to rise apparent. United States Gov- ernments were steady. Legal railroad issues have suffered from a lack of offerings this week, but the high levels previously established have been well maintained and here JULY 17, 1930. UNITED STATES. (Sales are tn cu-: Sales. 10029 lwll 100 29 6 1025 1024 1024 Lib 4th 4%s.. 273 10231 10228 1472 n Usixe 106 77 1065 86 10816 10810 ms n 49 11224 11219 11220 FOREIGN. Sales. Postal Tel & C5%a 10 -9‘": Pub Serv G 1 Pure Oil 634837, % l%. Onited Drug 5s'83. 1 TS Rub st rf bs... U S Rubber 7% Utah Pwr&Lt 6 Utilities Pwr 5%48. | 14 884 v ’. Walworth 6s°45.. ; Warn Bros P U War Quin s Warner Sug 78" j5 Western Elec b 4. 4% 4% 90 100% 103% 100% 1031 and there fractional advances have been | ¢, made. Today Atchison 4s, Chesapeake & Ohio 4%%s and Southern Railway 4s moved upward on thin sales. Pennsyl- vania 41:s, & legal issue, profited from a good lnqulry, as dld Canadian Pacific debenture 4s, the two being about the most active in the rail group. Chicago- Great Western 4s, Colorado & Southern 4%s and Gulf, Mobile & Northern 5s 1058, held firm. Seaboard Air Line, one of | Denm: the most volatile rails, rose more than a po‘lnt. but is only 4 above its year's low price. Among railroad convertibles St. Paul adjustment 5s advanced almost a point :nd domer popular issues held a firm rend. Sharp fluctuations in warrant issues advanced Loews 6s 1! points and car- ried Pathe 7s down about the same dis- tance. Texas Corporation 5s and Transcontinental Oil 6138 were moder- ately active and practically unchanged. sundlrd utility issues were steady to firm, with American Telephone 55 of 1960, the 5%;s of 43, and Pacific Gu & Consolidat Gas 51,5, New England Telephone 4l/,u Pub- lic Service 55 and Utah Power & Light 5s were firm. Japan 5125 were well bought and tend- ed higher. Lautaro Nitrate warrant 6s gained about !5 point, and except for some flmullrlcy in the South Ameri- can issues, the foreign bond market “|showed a constructive trend. Belgian issues were the most active I.mmfl Western European governments, the 8: rising and the 68 holding steady. The. new Austrian 7 per cent loan has not yet appeared in trading on the Stock Exchange. A slight oversubscrip- tion for the $25,000,000 American por- tion of the $55,000,000 issue was an- nounced by the offering syndicate. The first_report from abroad, coming from London, said that about 70 per cent of the loan remains unsold. BANK OF FRANCE REPORT. PARIS, July 17 (#).—The weekly statement of the Bank of France shows the following changes, in francs: Gold increased 287,000,000, sight balances abroad decreased 160,000,000, bills dis- counted at home decreased 550,000.000, bills discounted abroad increased 212,- 000,000, advances decreased 71,000,00¢ circulation decreased 401,000,000, cur- rent account increased 267,000,000, Rate of discount 2% per cent, STEEL UNCHANGED. NEW YORK, July 17 (#)—Steel prices unchan [ed Washmgton stock Exchanoe SALES. Norfolk & Washington Steamboat rts. wi—1 at 16, 1; at 16. Mergenthaler Linotype—10 at ul/,% Peoples Drug Stores pfd.—10 at 103! ‘Washingto: $1,000 at 10273 Potomac Electric 6% pfd.—10 at 1103, c-mm Traction Co.—1 at 59%, 10 at 591 uhnumn Gas 6s “B"—$100 at 105, $1,000 at 1063. Mergenthaler Linotype—4 at 96%, 10 at 96%%, 10 lt lflh Wl:h’i:g‘wn . & Electric pfd.—10 ~ af . Potomac Electric 5% % p(d —10 1073, 10 at 1077, 30 at 108 4 Norfolk & Washington Steamboat r #s. wi—2 at 16%. Bid and Asked Prices. u! 5 o PR Saptiar’ Traction apital Trac Sty Suburban Georgetown Gas 1t Potomac Elec. 555, '.m: ported received contracts for pipe re- |N. & W quired by new Great Lake Plpe Line Co., estimated to aggregate 108,500 tons. | W Subsidiary, American Sheet & Tin Platé | 3. Co., resumed work in 10 new Philadel- phia mills. ‘Westinghouse Electric & ufactur- ing Co., collaborating with New Haven Clock Co., will produce electric clock -nd market through Wistinghouse job- Wulhm ‘Wrigley, jr., earned $1.51 & share in June quarter, against $1.42; six months, $2.i u against $2.75. Allied Aviation Industries had Joss of $168,191 year to January 31, 1880. Beatrice Creamery issues 1,879 addi- | 8, ‘preferred and 16,895 ocommon | M tional shares for acquisition 18 companies. To vote August 8 on increasing authorized preferred to 125,000 from 80,000 shares and common to 750,000 from: 500,000 shares. Delaware, Lackawanna & Western Rallroad to complete 67 miles. electrified New Jersey suburban lines byy year end, costing $14,000,000 to $18,0000,000. General Motors subsidiagy, Frigidaire Corporation, announces 2 new electric refrigerator models at ‘$157.50 and $167.50 Dayton. Mathieson Alkali works earned 81 cents share in June quarter, against 96 cents; 6 months, $1.58, against §1.75. Packard Motor Car vice president says July shipments equalling June rate. Pan-American Petroleum & Transport stockholders to vote August 18 on merger with Lago Oil & Transport. Purity Bakeries, 28 weeks to July 12, earned $3 a share vs. $3.45 same to July 15, 1929; 12 weeks net of per cent. Sinclair Consolidated Oil to uire mm:ouauucunummm Line Co. as part of co nrn- Jointly with :‘“""“"’“ ol . have homa Gity field running 30,000 bnrreh oil and 26,000,000 cubic feet gas daily. Standard Oil Co. of New Jersey and Shell interests to take export excess supplies crude oil and refinery products of 20 Rumanian oil companies. Warner Bros. Pictures issues $750.500 additional 6 rr cent convertible pre- ferred lnd 139, \“ common acquire 1 4 circuits umumnnt 17.3 £ nhap. 0 Balt: & A%nan. B NATIONAL Capital (14). . Columbia (13 Commercial ( District (8) Federal-Amer iberty (). Metropolitan’ (1 Riges G9); Washington (13 TRUST COMPANY. e Sec. & Trust Co. (5) Bank & T Na & Trast (130) Prince Georges Ban! Unlon Trust Washington 5 Qmu 3 ‘& ‘Trust’ (14). SAVINGS BANK. f Bethesda (6§) . Bomimerce & Savin ngs (i East Washington ( Eolomae 1161 SESHRLY Sree: 4m United States > Washinetan Mechusic . FIRE INSURANCE. Firemen's (3). . National Union (i6}: TITLE INSURANCE. Columbia, (8 Real Estate (61). Title & Inv. Co. Md. ‘co MISCELLANEO! s, Inc.. com.. iry pfd. (T) rlodn d. Am Chain ¢s y italian Pub Sve %s. Jugoslavia Bank 7s Kreuger&Toll 5s ct Lyons b 105 105 12 Orfent dev 53 Orient Dev Parls-Lyons-M 6s. , Paris-Ly-Med 7a., Parls Orleans 6%/ 12% 20 101% 102 4 104 104 Peru 63 '60. 74 /96 /105 ? & 105 12 h % l 0% 100% 100% ! 831 83y 105% 105% 991 9914 105 105% 106% 105% 0% 90% 97 97 105% 105% 104" 104% 10 23 84 94 - 93% 1021 102% Porto Alegre 4, Prague 7%s. Queensland / Queenla s Rhine Wat' g, Rhine Wes 97 97 105% 105% 89% 98 89 98 2% 2% 97 98Y 66 66 95% 91% 89% 86% 8- 87% 105 105 (105% 105% 105% 106% 99% 998 100 100 Tale 'Utd Kingm 63837 Uta 88 Co 5 10015 100% 961 96% 107% 107% 86% 76% 9% 6% 9% 86 99y 65 99% 995 e 1918, 1388 80 Am For Pwr 552030 36 87% 57& lg'llt Am1GCh5%s'49.. 13 105 104% 104% Am IntCor 6%s°49 13 97% 97 97 AmSmit&R1stbs 12 1024 102 102% ::;I;I’EPR‘.‘::’;.. 22 103% 103 103 ev 0 K 4 oot S 164% 1634 164% Am Agri Chem ‘l"l 10 10?“ 65 105% 105% 105% 16 105% 105% 105% 8 107% 107% 107% 5101 101 101 6 90 89% 90 14 81% 814 814 1 73% 73% 73% 5 1021 102% 102% 2 106% 106% 106% 10 1085 108} 108% Atl Refining bs, Bell Tel, Pa. 68 (B). Bell Tel Pa 68 (C).. Certn-Td 6%s rets. Chile Copper i 102% 1024 94% 943 99% 99y 106% 106% 106% 106% P 91% 91% 103% 103w 4 101 101 55 56% 60 60 9815 973 1021 102% 100 100 1011 102 95% 9515 106% 106% 93 93 101% 101% 105% 105% 941 954 100% 100% 994 100 100% 100t 85% 86 87% BTN 90': 904 110 111% 965 96% 104% 104% 106% 1064 103% 103% 1081 1034 831 84% 106 106 122 122 16 117 99% 99% 88 88 94 a1 103 103 102% 102% 4 103% 103% Gen Cable 534 Gen Mot Ac Cor 6 Gen Pub Sve & Gen St Cast 6% #'49 Gen Thea Eq Goodrich 6% HumbleO& R 5% m 1 Bell Tel Inland St Intl Ceme) Intl Mateh 10 101% . 3 105% T8. 24 94% 7 100% . 48 100 1 100% 2 86 1 874 2 901 26 111% 28 97 3 104% 1 1064 1 103% 1 1034 82 84 2 106 KanCity P& | LT 102% 102% 103% 103% 105 105 103% 104 103% 103% 1044 1044 mm 1011 Nor States Pwr §, Pacific Gas & m Ann Arbo Atchison . A‘ 92 yg;‘a 83% | G Westn Union & White Eagle f Wilson & Co fut 6. Youngstn & &7 ss. f aAu. Atl & 307 15t 4543, AUC Se435n784 B&O ev % 4%s'33 0 ‘Bklyn Un 1st Bklyn Un EI b Buff R & Pitts Can Nat 4% Can Nat 43 Can Nat 4%s Cent Pacific 4 Cent Pac 1st ‘96 22 9% ChiMIIStP&P 68°76 CM&StP Pac adj bs. Chi & NW gen 4s.. CubaNor5 % 8’42 Del& Hud ret Del& Hud 5%8s. Den & Rio G Den&RGW Des M&FLD 4: Det United G%I Erfe 1st ¢on 4 Erieconv 48 (Al.. Erie conv 43 (B). Erie gen & Erie b8, 196’ Erie bs, 1975 Fla East C 63 "74 Fonda J&G 4% Gr Trunk st deb 6 Gulf Mo 53 (B) Hud & Man ref 111 Cent 4 111 Cent 4% 111 Cent Chi 4 3% Int Rapid Trans Int Rap Tr b8 Int Rapid Tra: Int Rapid Tran: Int& G Nor 1st Int & Gt Nor ad; Towa Central ref 4s Kan City F1 8 & Kan City Sou Lake Shore 3%s. Lake Shore 4s ‘31 52 105% 105% 1051 | M 1. 1 M K&T prin 5s(A) Mo Pacific gen Mo Pacific 5s A '8 Mo Pac bs F' 77 Mo Pac 53 G 'T! 9 Tr 6sB'55. Nat Ry Mex 4s°77. Nor OreT&M 53%s. . N ¥ Cen gen 3%s. . N Y Cent 4s NY NH&H ov ab (l N Y Ry 63 (A) NY Sta Ry 6355°63. Norf & Wn con 4s. Nor Pacifio 3s 2027, Nor Pagificds. ... hanle(%llofl.. Nor Pacific 53 (D). Nor Pacific ref 6s. . Ore Short L 58 nd. Ore Wash 18 Port RL 6a " RIArk & L 4%s StLIM&SS SIL&SFpl4sA... SIL&SFeksTs.. StL&SanF 5s B SIP & KC ShL ¢%s. San An&Arn P 4s.. 22 Seaboard AL ref ¢s Tex Ark F'S 5350 Tex & Pac b5 B 17. Tex & Pac b8 C ‘79 0 + 32 100% Phila & Read 6248 55 99 Phillips Pet § Por Rio 144 101 43724 9 FINANCLAE s vm 97 1 88 ’n j gs* 3:100% 1004 100% 4103% 1074 1034 % 101% e 99% 5% 95% 1 105% 105% 105% 18 104 "1031: 104 14 994 99y 99% Yesterday’s Conskmmem Is First to Leave United States Since Last January. BY PRESTON S. KRECKER. Special Dispatch to The Star. NEW YGRK, July 17 (C.P.A) —Gold exports to Europe, which have been im- pending for neariy two weeks, became a reality at midnight Wednesday, when a shipment of $4,000.000 went to France by fast steamer. The margin of profit on a gold shipment to Europe at cur- rent franc exchange rates is so small that every minute elapsing between the moment the gold leaves New York and 1 43% 43% 43| When it arrives at Paris counts. This 1 10315 103% 103t | I8 truly & case where “time is money.” 2 103% 1085 103% | This shipment is the first Amerk.nn 4104 104 104 |B0ld to be exported pe since 2100 100 100 :fly&l: 'g-.n‘unry,m‘lmen $8. 4’;01:0 wes & for ipmen! ust - how 2 102% 102% 1024 | mych will go forward on this movee ROAD. ment is a question on which no two 1 81% 817% 81% |bankers seem to agree. The demand 1 91% 91% 91y | for French exchange is so broad and 2 96w 96 96 |the market so firm that it is quite 3 130% 110" 130% posslhle the movement will reach sub- 3 60 ! stantial pmpon lons. The suggestion is 15 100 nsu 100 |made that altogether France may take 5 100% 1004 100% m;,:,'iugg,,!:”mm e e O ?roflt on a shipment at current 10 110% 110~ 110% rates of is very small, - with 3 ot% 94% 94% the result thn few bankers find dt 1 1043 104% 104% worth while. On the other hand, should 4 the franc appreciate further in value it would immediately become so profita- ble to export Jod that (many_firms doubtless would engage precious metal for export and brln‘ the- total movement up to important figures. .- - The future market for the French franc therefore has become a. question of moment to international bankers: Probably it would.be possible to make dennite predltzflom uwun reasons e movement were roughly under- ey TR, S (many manths an country has the second g 1041 103% 104% 34 .109% 109% 109% 98 9T 9T 81 R3 83 1 99% 99% 99% 22 101% 100% 1005 87 81k 88 88 100t 100t 4 ¥1% 81l 8lh 3 88 9 13 1007% 100% 100% 1 104 10% 10% 22 97w 96% 97 3 B6% n6W ¥64 7 103% 103% 103% 1 93:93 # 19 9 9 10 97 96% 96% 8 963 964 96% 8 96% 95 964 . 31 103% 103% 103% 25 mau 103% 103% 100 100 5 nm 1174% 117% 7 111% 111 111% 46 884 87% 884 11 103% 103% 103% 2 102% 102% 102% 5101 101 101 T 94% 94% 3 103% 103% 103% 12 100% 100% 100% 5101 101 101 1 98% 98% 98% 98y, 98% 1 68% 68% 68% % g 1|m'/- wgw 100% ) 'lo 0 25 1% 71 71 . 9.302% 101% 101% 15 "B5% 85% 85% 983, 98% 87% 874 55 B56% 1% 911 it s ‘the French gold reserve ind cate more than $1,100,000,000. m“ o Tl|.|l umulation has te tn;u:n”ce gmt the nce seekin, Bold Teserves. Tt has werd o ‘otwi i standing the l’u:t hat the Prench bank rate was for a while the lowest in the world still is as low. as any. other &t 215 For montha France has drained London of its until in nu—de!enu the Bl.nk of 3 land g bstacles in way oI mne tg:ld buyzn Now Plru is. turna United States for the mh& (Copyright, 1930.) gone on des Bank . of .26 88% . 44 56 . 9 9Ny 18 numr—ona-pouna prints, 3712838155 24a26; current re- 6 104% 104% 104% 10 98% 98% 9k 1L 99% 99% 99% p 4106 105 105 1 110% 110% 110% [ and small, 26a27; owh large, 26a26; small, 15a17; roosters, 2 9TW 9Th. 9T Towls 13818, 16a17; mhom brnflu‘!v ll-PIS 7 56 55 55 Soue; Towist ow small} 93% 94 |26 Leghorn ofi' L 1045 1048 1045 | ats, ““o’ SO 18 94% | - Meats, fresh killed—Beef, 18a21; ‘V!.L 94 | 15818; lambs, 25; 2loins, 8; 91% | fresh hams, 25; fresh shoulders, 18220 26 | smoked hams, 27; smoked shoulders, 98% | bacon, 37; lard, in pae 1% bulk, 12. = Live stock—Calves, 11; hmh, 10.. can . 10 8 Pruits—Watermelons, 1% 5 OIH- 1 pinea; ums. “% fornia, i) 25; bhckberrlel. cultie vated,’ 6.00a7.00; wild, 2.503.00; pears, . 1.105% 105% 1osv. Bartletts, 5.50; alligator pears, 4.50; . 1 110% 110% 110% | peaches, 2.00a4.00; gooseberries, per 10 97 97% 974 | quart, 20. . 15 111 110% 111 Vegetables—Potatoes, 3.25a3.30{ to- o e e s quality, cabbage, 7581:00; 1 99% 99% 99% | spingch, 1.00; kale, 7501.00; cucumbers, o1 92% 921 924 loo-us h 1.00; siringless - 14 101% 101 101 | beans, 1.50; okra, IMI, "lima 25 1 984 984 98w | a2.50; en-phnt 2.25a2.50. pel& 360 . 25 63w 624 6214 | corn, five-dozen sacks, 42 62% 62 62%|2.00a2.50; squash, 75a1.00; bcfll. ¥e . 2 44% 44% 44% [ 100 bunches, 2.50; carrots, per. 100 . 1 86 86 us bunches, 2.50. £l e 1 6% 6% 6| REICHSBANK S‘IATEIE!H‘.— 6 96% 967 BERLIN, July 17 (#)—The Reichs- g A bank statement as of July 15, shovs the ehrrum n hsmarks: 12 82 81% 82 |Gold and bullion decreassd 77,000, re- 9 100% 100% 100% | serve in foreign currencies decreased & 90% 90w 90%|238,877,000; bills of exchange: and 19 96% 96% 96% | cheques decreased 160,241,000; Silver + 4 99% 99% 99%|and other coins lnmwd 22,41&000' . 1 47% 47% 47% | notes on other banks decreased 533 . 10 93% 93y 931 | 000; advances increased 14,410,000; 5 1021 1025 10214 | vestments decreased 34,000; - other . 11 101% 101 1011, | sets increased 143,678,000; notes in eir- . 1 100% 100% 100% | culation decreased 305,107,000; other 1 89% 89% 89y | maturing obligations increased 45,639, 0 96% 961 96% | 000; other liabilities increased 46,109« 2 103% 103% 108% | 000. H 21 78% 78% 78%| Total gold holdings, 2,618,731,000. 8 101% 101% 101% | Rate of discount, 4 per cent.® R i oo Tome Crash Kills Student P mm. FORT DODGE, Iowa, July 17 (#)—~ Donald Sabin, 27, Fort Dodge student 2 MM 9% 94y s 1 T TH % 2 101% 101% 101% 22 824 82 82 10 92% 928 92% 2101 101 101 7 107% 107% 107% 97 97 97 pilot, was killed in an airplane crash lu:' night a mile north of the local air« port. ’ PN SHORT-TERM SECURITIES., (Reportea o7 J. & W. Beligman & Cop Allis-Chalmers 5s_1937, i f }g;!& ig!h. 1014 & 102% 10! i v ¥ 102% 102% | Americen ‘TeL. & THL ¥ ‘.”.mx 17 1 79% 79% T9% !lulmou’?koho 1! l 1 78% 8% 78% | Datsvian Pet "' 94 934 93% c.n(emll P'l ., %‘; mn Gor 20 B 122% 122 12244 | Ca lfllnn Nor 61 l 10 10 10 95% 95% 12 m.. 661 66%, | Ge 3 o 93 93 98 9% 5 05% 105% 105% 16 113% 113% 113% | I 9 105% 105% 105% 40 9% 91 92% P 05% 95% 95% 28 96 96% 96% 43 100% 100% 100% 3 101 100% 101 1 109% 109% 109% 3 104% 104% 1044 | 9 2 109% 109% 1098 2 984 98K 9B l 109% 1094 109% 98% 98y, 100 100 " STOCKS EX DIVIDEND - 5 99% 99% 99%| NEW YORK. July 17 (P).—Stocks ex« 1 100% 100% 100% | dividena today: “5 0% m Company. 9 107w 1900t 1ogc | AT fent & Tract > 107 o7 97a | Columbian Garbon 944 @4 o % jnsls uo!fl & T;fllfi! 94y 944 9du gum'vnmc 97% 97% 97% | Readin 994 99 99y | Septt "7' 90% 904 90k | snarp 110% 110 1103 | Tech uht 115% 115% us-a "’g&nm of Oal 105 105 105 1027 102% 102U 102% 102% 102% 46% 464 464 [ Va Ry & Pwr§ 97% 97 . 97 |wabash4%s 8 914 0% 994 w....,,.r, 924 924 924 West MA 6348 T 9% 9% 99%- West Pactfic b 1937 1] 55 1947 sxne‘mo%mce oo 808 idi 1014 . Stan f N. Jersey 85 1946, 103'% N, Tork 4tas 1981, 981 sg 1931 100% 1932 98"% 18 "‘t ll" Pe- " Piy- Rate. riod. able. b 5 7 101% 1014 101\( 1 -92% 9% 92% 28" 84k 844 84y & s o e ml,fll] IN [i(llllf‘~ A / ¢ 4