Evening Star Newspaper, July 17, 1930, Page 15

FINANCIAL. § URB MARKET ENDS . ON'HIGHER LEVEL Qils, Motors and Utilities Give Firm Tone After Irregu- lar Opening. BY JOHN A. CRONE. _NEW YORK, July 17 (C. P. A).— Under the motive power of oils and Motors, and later the utilities, today’s &ctive curb market finished higher. An frregular opening rapidly was re- Placed by firmness and activity in most sections of the list. with stocks as a whole inciined to ignore unfavorable hews. Electric Bond & Share, American Gas & Electric and American Common- wealth B were features in the closing minutes. Cities Service, too, was ‘whirled during this period. » _ Goldman Sachs, Transamerica, M pointed higher just before the Cord Again Good. Standard Oil of Indiana, which pur- chased the half interest previously owned by Sinclair Consolidated in Sin- clair Pipe and Sinclair Crude for $73,- 500,000 did not forecast this develop- ment marketwise. Cord Manufacturing again made the best showing in the motor list. Ford Motors of Canada A and Ford Motors, Limited. also pointed higher on sn in- creasing volume of transactions. Motor accessory shares turned active. Cheseborough Manufacturing was the most prominent of the olls in early NEW YORK CURB MARKE 1 ~Prev.1930.~ Stock and Dividend hundred-share Ilun s (65s) (285) Law; 0dd lots only. ieh. 33% 16 Alnsworth (32%)... 5 3% Alleghany Corp wa 9% 4 Allegheny Gas. 8% 210" Aluminum Co of 30 Am Capital pf (3)... 35% Am Cit PEL(A)(a3) 12% Am C PAL(B)(10%) 21% Am Com I(A) b10% 3414 Am Cwith P(B) Am Control Oil Fi 17% Am Cynam B (140) 3 Am Dept Stores. 12% Am Equitles. . 38% Am For Pwr(war). . 104 Am Gas & Eleo (31). 7% Am Invest. Ine (B).. 52% Am Lt & Trac (2%).. 4’_ @ Am Potash&Chem (1) Am St Pub 8 A(1.60) D ESIEIPR- 3 P S PR e 87% Am Superpwr pf (6). 111% Am Tob B new (D4). 15 Am Transfor (1.40). 100s 7% Am U&Gen B vtc 400 8% Appalachian Gas. & Ariz Globe Copper. 8% Arkan: 834 Ark Nat Gas (A) 5% Asso Elec Ind (3 5% Asso GEE (A) db rts ‘g&i Asso G&E A (at2.40) 9 38% Asso Rayon pf (6). . 9% Auto Vot Ma cv pf pt 24% Aviation Corp of Am € AviaSecof N Eng... 2% Bahia Corp. - 5% Bellanca Alrcraft. .. Bigelow Sanf Cp (6). Blisa Co (B W) (1).. 508 6 trading as it leaped 10 polnts. Humble Oll and Gulf Oil made good gains. Ohtio Oil old and new shares, in point of volume, ranked after Cities Service and Standard of Indiana, while Vacuum rose nearly 2 points as demand in- ereased “Pipe line shares, however, did not Wniformly follow the trend of petroleum issues. New York Transit dropped 2'2 points. National Transit was uj & point. Missourf - Kansas Pipe which is a natural gas carrier, npened u? fractionally lnd “improved on its irly gain in the forenoon, following its 4-point drop of the preceding session. Prudential Investors, in response to 1t§ " earning report, opened up 11, Shenandosh & Blue convertible preferred at times were slightly better, and so was United Foun mfimt ll'=ku 8-1 &lt 4 fhen:ll'd' re, ting an 8-for-1 of shares, jumped 3% ts followin, declaration of the qulrmly dmaend of 25 cents, which is equal to the rate on the old stock. Great Atlantic & Pacific Tea ofi 4 points. J. J. Ne;lberry ‘was sl tly er on reports of merger negoti do:s with )‘!h‘npolltln Chll& smreus ferred rose poini e o‘“copyfl;m 1930.) BONDS ON THE CURB MARKET. DOMESTIC BONDS. High. " Low. Close. (61 07% 97 103! 99 228 i 5 REEFTE, & EF i B23z2s3EsSee SRSSSTEL : St s 6t 23! FESR R o 9P ?I Bt u 2823 2eSEes Ed a3 2 : A ge3832s 59, 9858, pizzEve o) HE pe T = SRS 232331 & 3! FEE 3 i : 1 fetiy % = i 2 nt 338 8 228 i k. 3 3225333338332 5 SEFELII D Craeile ruct Cudahy, Puul 1 Det. ~-10 Det Int Brdg 19 Bet Toter Brar i 228532888 sAR - Sgage & i L —— <3 0 ?;.LEg ’:5: Saszsesseiges: WFOSRE IEF 858 o5 82288 2RS8! HEO0 g soe 828 W i P e * B i B 55 tosna u..,._. PEEEE! sizies .=.4~E. P & cCord ld.lc 33 2 §New Eoe GaE 3 48 87 Niag_Shares b'n B 3Nor 1nd £ 8 31D 22822222258 SR X TR FEFSE PEFIHIV & 2285833238 &1 =55 2es SR B sg3sensesiseess BB BanmenanSuammms. PP . =1 =R EE"? i 2332822, 2282823923! STEEF F TR SRS F 1e ag, B arran ot warrants. n—New. & Wi—When lssusd. 6% Blue Ridge Cp (40e). 33% Blue Ridge cv pf(a3) 11% Bower Roll Bear (1). 85% Brazil Trac & Lt(h2) 2% Bridgept Mach (25¢) 82 Bulovacvpf (33 3 Bwana M Kubwa.... 2% Cable Radio T v.t.e.. % Cable&Wire (B) rcts 3% Cab&Wire pf(27%e) 21 20 10 % 3% Cent Atlantic Stat 108 42% 28 Cent P8 (A) (21.75) 31% 20% Cent& 8w U(b6%).. 89% 19 Cent States El(k40c) 8% 4% Centrifug Plyg60c) 84 2% Chain Stores 25 17% Chath Ph Al nv (30¢) 26% 17% Chem Nat Asso n-v. 186“ 140% Chesbrough Mfg(15) 24% Cit Service (g30c).. #8 CitiesSrve pf 16). 43% City B. Ltd(2.79) 4 Colombia Syndicat 8% Col Ofl & Gas vte. . 33% Colum Pict vte (f1%. 5 3% Com'with & Sou war. 48 15 Consol Afrcraft. 2 % Consol Auto Mer: 1 Consol Cigar (wnr) . 3% Consol Copper 904 Con Gas, Balto 1 1% Curtiss Wright war. Darby Petrolmn (2) 25% Bastn G&F Asso 18% Eastn Sta Pwr B(1). 9 Eisler Eelectrie(1%) 92% El Bond&Sha cu pf(5 70% El Bond & Sh (b6).. mm 103% E! Bond & 8b of (§). 19 Elec Pwr Asso (1).. l'l 16% Elec Pwr Asso A (1) 991 El P&L 24 pf(A) (7). 86% Emp G&F eunf (7).. 17 Emp P Ser A (a1.80), % Engineers Gold. . 12% Europ EL Ltd A( 3% Euro Eiecdebrts. 2 Fabrics Fininshing.. ¢ 1% Fagol Motor. . % Fandango Cor I 8% Fedders Mfg Co(A).. 16% Federal Screw (3) 1 Fiat Stock debrts... 11% Finance CBalt A..., 13% Fokker Alrcraft.... 28 Ford Mot,Can A t1% 10% Ford Mor.Ltd. 37 %e. 16: 6% Ford Mot,France 28¢c 2% Fox Theater Cl (A). 20 Garlock Pkg (1. !0).. CIPTT PO T S 3 - oendunulanan S tal Corp. .o . 10% Gen B, le rc!.lllon) 20" Gen Empire Co: 2% Gold Coin (. Golden C o 1% Gold Seal Elec new. . % Goth'Knitback Mach 1744 Gram'ph'ne rets 8.91 " 189" GrA&PTS 26 GtLakesDC % % Grifith (DW) (A). 166% 11744 Guilf Oll of Pa(1%). 18% Hazeltine Corp (2).. £% Hecia Mining (1)... 13 Houston Oll of Texas 7 Hudson Bay M &S8.. 78 Humble Ol (2). 8% Hygrade Food Prod. 18% Imp Ofl. Can. n(60e). 31% IndianPLn (12%).. 265 Ind Terr illu Ol (A) 26% Ind Terr Illu Ofl (B) Ind ¥in otfs(b10%). Insull Ut In 24 pf(8) Co. No Am (13).. 15% Insurance Sec(1. do). % Intercontine: 20% Intercont Pow A u). Interst Eq ev f(3).. Irving Alr Chute (1), 8% I[rving Alr Chute war 4% Ltallan Super war. .. 9 Klein(R)pt pr(3120) % Kolster-Br (Am Sh) 13% Lefcourt Real(t1.85) 17% Lily Tullp Cup 1%.. 343 Lone Star Gas.n (1). 38 Long Isiand Lt (55¢) 107% Long Isld Lt pf (7).. 2 Louistana Lan & Ex. 24% 16 MacMarr Storea (1). - Sancmaspema 2D =3 4 lll\ 15 1% 2% Ass0 Gas&E] cufs(8) 158 104 . 3% 104 Cent Pwr & Lt pf (7) IOI 104 9 29% 28% 22 25% Low. Close. bemphi: Mer Cha Mia Midvale Mo Kan 4 D ng H. 4 Niag.-H. Niag.-H Noma El 4 Noth Eu Novadel Ohio Ol m't % Prudent! Radio P 4 Saxet Schulte Selected Straus: Triplex % Ungerlel Unit Rt Waitt & i 85 2 21% Worth, “y” o1l 13% "% annual payment. *Ex dividend, cash or stock. DPi 24 holders. Cxdjustment . hPlus 17 ock: 16% Mead Johnson t3.15.. Mok & hin. Ino(1 20) Met Chain Stores. Met Edison pf (6) Met 5¢ to 50¢ S (B). .« Sts te. B.. Mid W Sts Ut (1%)., Mid Wat Util(b8%). Miss KPL vte.. Morrison El Mount Prod( Natl Fam Stra(1.60 Natl Fam S pf (2) Natl Rub Maeh (2). Natl Screen Svei2).. Sh Tm Sec (£50c) Brad Oil (50¢).. New Eng Pwr pf (6). New Hav Clock t1%. Newmont Min (f4) Newport Co (2) N Y Rio&Bu Al Shars Md(40c). ing (30e). . 4 Noranda Mines (2). No Am Aviat A war.. No Am Lt&Pr(b8%). Nor&Sou Am Corp A Oilstocks LidA Outbd Mot(A)(1.80 Outboard Motor (; % Pac Pub Sve (1.30). Pandem Ofl. Pmtem on. P nnroad Corp (20e). Philip Morris, Ine. .. Pilot Radio Tube(A) Pitney B P.n (30¢).. Pitts Plate Glass(2). Plymouth Of1 (2). ... Pratt&Lambert(15). Prince & White(25¢) Prince & Whit pf(3) Pub Util Hold w Quaker Oats pt (6).. Stand OI1 Ind (3%). Stand Oil. KY(11.80) Stand Oll. Ohle(2%) loo- Stromberg-Carl (1%) Swift Internatl(2%) Tampa Electrie (33) ‘Technicolor. In % Thatcher Sec Corp. . Timk Det Axle pf(7) Todd Shipyard (4).. 20% Transamer (31.60).. Trans Lux DL PS.. Tri-Cont Corp {war) Tri Utilities($1.30).. Tri Utilities pf (3).. Ulen & Co (1.60)..... Union Tobacco. .. United Chem pf (3) United Corp (war).. Unitt Dry Docks.... Utd Founders(b32.35) United Gas Co (new) United Gas (war)... United Gas pf (1) Unit Milk Products. . Unit Profit Sharing.. U S Dairy (B).. U'S Elec Pwr ww. United Zinc & !m-ll. Utllity Pwr&Lt(al). Utllity Equities Vacuum Oil (4) Van Camp Packin, Venezuela Petrolm. . % Vick Financial Corp. tt&Bond,B(1.20) green Co. Wll-Lo' Cafeteria, Zonite Products (1). RIGHTS. InsCoof NA... .O Dividend rates in doll JBartly extes in_stoc mPlus 1% in stock. Recsived by Private Wire Direct to The Star Office tNA &S Co (4). PL(bio%). 1), 60) skB IR dw uuzs_sa...E.,..__...= @ e NBR T o rom B3 Power (40:) Pwr A war. ud Pwr C wai CEPTSY 1 Corp (R0 PSP o Oll Corp. . Agene t2%. new wi anvon amnEda Cab(b§%) .. S = [FICTRTCIRTPIRPRANE- S~ 1al In roducts (2).. Rainbow Lu Prod A. + Rainbow Lu Prod B. Raymond Con pf (3). Reiter-Foster, Reliable Stra(b6%) . Reliance Intl (A)... Reynolds Invast.... Rich Oil Richman Bros (3)... i Royal Typewr(1334) Ryan Consolidated. . St Regis Paper (1), St Ralil Pap of (7).. Co. Cal. pf(1%) Un be-81 8t.. Seaboard Util (50¢). Seiberling Rubber. .. Industries. Sel Indust ctfs (41%). Selfridge Prov 8 27¢c. Sentry Safety Cont. Shattuck Den Min. Shawingan W (3%) Shenandoah Corp. ... Shenan Coro pf (a3). Silica Gel Ctfs. .. South Penn O11(12%) SoCalEd pf C (1%). Southern COrP,su.oe Southland Roy (1).. 14 59 10 g i §F,~nnm_~fl Safety Glass 1der F Corp, RS Brn nonwaRa o o Chpf (3%). Bond A (2). Ine (A) &G 1% 13% & d e eneesaman menS svndenaunemmuin 13% et 1 1 3% 8K 8u I based on last quarter)y or semi- o spfin 570 “ingtock. KPS nPlus 8% 1 stock. apagavle in of stock- us, 6% in 0% in e in ‘stoc) aividend. BY CHAS. P. SHAEFFER. ‘There is little indication of a possibly ‘ Inadequate 1930 pea crop, despite an s | exceedingly poor yield in Maryland, | Delaware, New Jersey and Indiana al- | ready reported. These States, which in 1929 accounted for approximately 1, f the canned luct, wuntl‘!l weather conditions suffered in these localities were more extreme iR other pea-producing centers. 1t is Wisconsin that holds the key to the situation, t.he Nluon cmngn' Association says, is State produces approximately nm-hlll of the country's total crop. This State's Alaska or early crop suffered a wflmu setback, due to a late freeze, but the sweets or late crop was not affected. While the yield of the early crop will u:\do}lb'::{_y"c Et cum'lle?. tho Department o ure feel * that the increased acreage under eulti- vulm will nflut the former. _Department of Agriculturé latest es- timates indicate this major center, which in 1929 supplied 9,400,000 cases of the country’s total of 18,530,000, will have a yleld of about 85 per cent of & normal crop. The area of peas planted is about 125,000 acres, of which about one-half are Alaska and one-half sweets. Slightly more than half the early crop ‘was affected in some measure by frost. Of this damaged acreage, it has been estimated u and t nutln? 'mmr mtfim slightly dam- normal crop. department llg sweets w d- fluflnl last two m on ylelda indicates Alaskas have ’beefll ylelding about 75 cases per acre for this State and sweets about 90 cases. that basis, wish an even division of acreage betwwen Alaskas and sweets. the total production would be about 45 per cent of the former and 55 per cent for the latter, If the 32 per cent loss above lndlaud on the ecrll crop from correct, frost lhnlfl the poten- tial product of the crop under nor- mal conditions was 45 per cent of State total, then the frost damage re- sulting from the reduction of the early crop becomes slightly less than 15 per cent. The department paints a gloomy pie- ture of the wheat situation, saying, in : “The continued low price of is very discouraging to the West. has sold reeenr.ly at the lowut 62 per cent of & with & year ago, decrease eds. e o et e of w E tion with American grain ‘:tm\:‘ls gt RATES ON SILVER. 16d per ounce. Money, 1 Discount rates, short bills, 3 5-16 at 1%".9" cent; three months, 2% per cent Ol LONDON, July 17 m~n.r -nlve;. 2 IPOSSIBLE MISTAKE .| SEENINBRIAND IDEA ¢ Placing Emphasis on Political Rather Than Economic Side May Hurt “U. S. of E.” 2 PR S BY JOHN F. SINCLAIR. ‘When Aristide Briand, the wily for- i elm minister of France, placed the em- in his proposals for the “United g"'&l of mrvpe" on the political, rather than the economic, side, he ‘may have made a strategic mistake. Italy has replied that she would be glad to co-operate if she could have a revision of certain parts of the ice treaty, and Germany has followed suit 5% by nyln; she would be glad to join a revision of the treaty of Vemlllu is made to square with the princlples of justice and fair pl.liyl t Germany in effect really de- mlndl is a complete revision of her boundary lines, especially her eastern line, and a cancellation of the Ver- sailles treaty clause prohibiting her to arm while other natlons of Europe con- tinue madly to arm to the teeth. With Italy for its own particular rea- sons backing Germany, it looks. as though the Briand proposals afe due lof a thorough overhauling. The status uo, maintained since the war, is now beln‘ challenged. But how the astute Briand will meet the German issue will bear watcl The economic basis for & United States of Europe has, so far, been kept in the b-ckgm\md ‘Wheat, cotton, “cattle, sheep, corn— all are selling cheap. Much public dis- cussion has followed the varlous drops in prices. But little has been said about a vast new farming industry now in the making. Prof. Mcxee of Columbia University has developed a lar tree, which grows to a diameter of 8 inches In eight years. Now an 8- r suitable for pulp making. So it is bound to have & very important effect on the develop- | ment c( the future pulp and paper-mak- ing industry, both in the United States and in Canada. in mfi is I:Ixin‘ contention c;! Pn;t M:fig ral one crop of poplars eight yelm‘l! far better for the hard- yresud farmers than raising eight wheat crops in succession, or eight different emp- of gladlmry field plants over the fif this time, no attempt has been ml& to organize the movement for this Year ago... ::o years ago ree years ago, weeky aver. High (1930) . . Low (1930)... High (1929) . Low (1929)... AFTER EARLY RISE Traders Skeptical of Crop Damage Advices—Trading Is Nervous. BY JOHN P. BOUGHAN, Associated Press Market Editor. the rule toward the last and the ma- jority of traders showing themselves skeptical as to crop damage advices. At one stage, however, the m: ‘went decidedly higher on account of an au- thoritative unofficial summary suggest- ing that the Spring wheat crop in the !our prmclpll States would be 19,000, 1s less than the Government's .Yuly 1 Mreeut. Announcement that black rust had spread into Canada and in some cases has attacked the stems of whnt was without much market ef- new program, but that it will develop | gacq into a major industry many of the leading foresters of the country believe. ‘The poplar tree is popular too—for it ;:.l‘l Jrow in most any part of the United 5. you read ‘how the new $35,000,- m ChLe Nitrate Co. was formed? very largely a partnership between the Guggenheim Bros. of New York City, who control 35 per cent of the nitrate properties of that country, and the gov- ernment of Chlie. The mmu hunneu is w Chile what iron ore is to the ex- port_tax on nltrlu from chlle amounts to about $25,000,000 a year. - This export tax is to be eliminated and the govern- ment is given in lieu a 50 per cent in- terest in the new company, and guar- anteed a maximum return for 1931, 1932 and 1933 of $22,500,000, $20,000,000 and 'l'l 500000 rupecuvel t the end of this time, 1933, the nam-n.mem will mu the dividends on its stock, plus & 6 per cent income tax, to compensate u for the “loss of revenues resulting from the elimination “nuu-. Vlcwn;x; the it ¥ for vernmen! Mchll. Itfllommme(;vn!nhflm brothers of New York in the most fa- vored ition in Chile. les, it's a new form of govern- ment endeavor. Should it prove suc- v, | cessful for nitrates it is sure to be tried in other lines of business. Then the new motto will be—more business in 'avemmem and more gov- ernment in business! ‘The Federal Govemment is still the biggest golnl concern” in the United States. rivate corf)ornuon spends 8o much muney as Uncle Sam. ress priated for the new year §4, M!fl WO—Jult $208,692,000 over_the last fiscal year—acco to Senator Jones, chAlrm-n of the riations Committe sum is more th.n $450,000,000 ww than the anmnt appropriated in Government ex- but we're not now. last day Con- | My gress p\?t' the Great War veterans on 5% fon—not & dhblmy—buu. ulmt means $50,000,000 extra year, but ln the future it means blluom extra. bill after only & few lmm nl diseussion. on:r W. Byrns, 'nnnesue mm- un ve, estimates the total approj tion for the new year at $5,124, about $250,000,000 more than the Jones estimate. No, Government expenses are not de- creasing. There is no prospect that they will decrease. There is every rospect that Government expenses will fm:reue in the future at an even greater rate than in the past. ‘This much we can foresee! Should Miss Grace Abbott, the pres- ent chief of the United States Children’s , | Bureau, be selected by President Hoo- ver to succeed James J. Davis as Sec- retary of Labor, it would be not only a tribute to the millions of woman work- ers of the United States, but a tribute 10 an outstanding champion of labor. Miss Abbott was born in Grand Is- land, Nebr. After a year spent at the Unlvenlt.y of Nebmn she took her graduate work in pol science at the Univ;rsuy of Ol . She has been the close associate of Mlu Ju.ns Mdl.nu of Hull House, Chi- o AR al fllvmnn of the ren’s Bureau, lwm ington, C., from 1917 to 1919. During the v. 10 years she has been chief of the Unimd States Children's Bureau of the Department of Labor. Miss Abbott's book, “The Immi; and the Community,” is a classic fleld. Already the secretary of labor in the MacDonald government of Great Brit- ain is headed by a woman, Miss Mar- ret Bondfield, recognized as one of he strongest tmemvm—: of the present h cabinef Bm‘l’u Abbott, able, efficient, retiring, would do honor to the office. (Cop: , 1930 by North American News- (Copyright, 1030 e¢ Alliance. BANK OF ENGLAND REPORT. N, July 17 (#).—The weekly mm:g?or the yBlnk of England shows s, in pounds: Total e o eereased 1,531,000, circulation 1,317,000, bullion decreased Ilmdother securities increased 433, public deposits increased 1,132,000, cthzr de its decreased 677,000, notes Securit in elud ucurlun cr D‘k e r:‘;},” r u:l': l' |a weel pel to liabilities th Aol Rate of dl.woum, 3 per cent. —— INVESTMENT TRUSTS NEW YORK, July, 17 (#).—Over-the- counter market: ted E o jers 1 k lud i ant its sm lecreased 1, MIoogo government | be; wnm closed unsetled, Y4a% a bushel lower than yumg: ‘Ainish. Cam closed unchanged to down; oats, Vs off to 4 up, and provisions varying from 42 e to 15 advance. g | Zuly REALIZING CHECKS ADVANCE IN COTTON Conditions Lost When Wheat Falls Back. By the Assoclated Press. NEW YORK, July 17.—An early ad- vance on comrlaints of continued dry weather in central and western sections Liverpool cables, was followed by reac- tions ton here today. Trading was comparatively. quiet, but net hu of about 14 to 17 points were checked by realizing and there may have been some selling during the early afternoon on reports of renewed weak- ness in wheat. The new October was ruling around 12.83 at 2 o'clock, with new crop months about 6 to 8 points net higher, while July was about points net _lower. Cotton futures closed steady: anuary, old . new sefiasngEed uRussRLLs CHICAGO LIVE STOCK MARKET CHICAGO, July 17 (#).—Hogs—Re= ceipts, 18,000 head, including 5,000 head direct; fairly ufivn moltly to 0] X ' 1 d cholce, 140- Light l‘hu—aood ant 160 pounds, 9.25a9.65; light welxht 160~ 200 unflb. 9.5089.80; medium weight, 50 pounds, 9.10a9.65; heavy weight, 250-350 poundn, 8.4029.20; packing sows, medium and good, 275-500 pounds, 7.25a 8.15; slaughter pigs, good and choice, 100-130 pounds, 8.6089.25. Cattle—Receipts, 6,500 head; calves, receipts, 2,000 head; little more active :nnamn about steady; she stock very lu] Slaughter cattle and vealers. Steers— Good and choice, 600-900 pounds, 9.25& 11.00; 900-1;100 pounds, 8.75a11.00; | 1,100-1,300 pounds, 8.75a11.00; 1,300~ 1,500 pounds, 8.50a11.00; common and medium, 600-1,300 pounds, 6.0028.75; heifers, good and choice, 550-850 pounds. 2900!11 .00; common and medium, 5.50 Cows, good and choice, 6.5028.50; low cutter and cutter, 3.75a4.75; bulls, (yearlings excluded), good and choice (beef), 6.75a8.00; cutter to medium, 5.50a7.00; vealers (milk fed), good and choice, 11.50a12.75; medlum, 10.00a 11.50; cull and common, 6.00a10.00; stocker and feeder cattle, good and | choice, 500-1,050 pounds, . 7.50a8.75; neogzgmn Ag:c mum 5.507.50. eep—Rece! 11,000 head; asking steady, bidding around 25 lower or mostly 1025 on sorted native lambs; early top, best Westerns held around ll.W' fat ewes, 3.00a3.75; feed- ers unsold. Lambs, 90 pounds down, good and cholce, 1ooonu 00; medium, 8.50a10.00; all weights, common, 6.00a8.50; ewes, ‘packers 4.00; all weights, cull and common, 1.00a2.75; feeding lambs, 50-75 pounds, good and choice, nmoo POTATO lumr CHICAGQ, July 17 (#).—Potatoes, | 136 cars; on track, 226; total U, 8. ship- ments, 1,034; market slightl: 'lelk!r‘ Kansas and Missouri sacked fr hul;:éru;dlx .6081,75, a few elrly n)el inary sacked, ginia, barrel, Irish mostly 3.50. CLEARING KOUSE STATEMENT. NEW YORK, Ju 17 (UP).—Clearing | o, house $1,084,- Cobblers, 3.40a3.75, FOREIGN EXCHANGES. (Quotations furnished by W. B. Hibbs & Go.) inat gold Sellng checks London, pound. Paris, “(rn Beriin Rome, Zurich, mar] trane % Aihanm drachma WHEAT TURNS WEAK| CHICAGO, July 17.—Extreme nerv-| ousness characterized the wheat market | today, with price downturns forming | Early Upturn Based on Weather| of the belt, combined with fairly steady | sl 7300 90-150 pounds, mediurn to choice, 2.50a | &2 1.40a1.55: Vir- | W ISALES INCENTIVES WIDELY INCREASED Many Successful, but Costs and Unprincipled Prospects Nullify Others. BY J. C. ROYLE. Sales incentives have been multiplied by many merchants in an effort to stim- & business at retall. Many of those have been highly successful, but some ConCubuanee. and.wnpvbeiPIed prospec: and_ un) - tive buyers have taken undue m of_others. Demonstrations are among the most successful of these sales mumin'x hey prospect take a car and run it for a compara- tively extended period in ordcr to deter- mine if it is what he wa: Real estate men are on'efl.n' incen- NEW L'i'ufim’“’"“ ients ahd smaller and YORK, July 17 (#).— Stocks P"mm a firm; American Telephone rallles 3 | longer term yments for the points. Bonds firm; investment issues| Amortization of the debt. In fact, some modenuly improve in light trading. Mn here have been known to accept Curb firm; ofls in demand. t'o-ym note from a purchaser in exchanges essy; Canadian a;locument place of a cash down payment. 'ong. Cotton rely stea steady “Joy Riders” Troublesome. Liverpool cables. Sugar higher: steady | peajers in various lines e: azilian 'xperience { It stRat T Coileg fomat B most trouble wici -the demonstration “joy rider.” A radio joy rider is one hflo Mu: tnfit o & 'gmnhh;;i approval and i roug] e radio season CHICAGO sTOCK MARKET without paying a cent. One such joy CHICAGO, July 17.—Following is the | rider in St. Louis is said to have run complete officlal list of transactions in | 11 different sets for 11 months in suc- cession without spending a nickel except stocks on the Chicago Stock Exchange | for current. What such joy riders cost - the dealers can be estimated from the fact that each home radio demonstra- tion costs an average of $13.43. It 18 estimated that one sale results from uch three demonstrations, Some radio dealers have discontinued this practice because of the expense, while others charge a demonstration “service fee.” This fee is paid by every m‘ customer who wishes a dem- ~1 before the set is installed, bul if the set is bought the fee ap- on the purchase price. Radio dedm say home demonstrations’ rep- resent a thoroughly modern competitive lnd aggressive type of sales effort, but they cannot stand the expense unless Loy aties W onridete: b some cf e riders have checked listing the bad prospects. Each dealer gives a list of customers to whom home demonstrations have been accarded and indicates whether sales resulted or not. Auto Situation Better. The automobile demonstration cheats. are not able to work over so long a time as the radio joy-riders, it scores secure the use of fine cars & 882,45 883888RRL 6 52! .5#5} T S0 Wi t_States 3) ’°c§§‘ Oity & € 1530 Ehic -Eorp Ch s hoages _carsns RLNER S5 Hots, o8 3 5 & Sulest. o8, SRR SRYECes o show rooms and inspect the sets and machines, his request for umfiluonm is regarded with sus- % paymi ‘"‘"g“’mn."""" v welh s 10 cach ent as as for casl been ly victimized. This is ven the case with garments. It is no unusual. thing for a woman to have a coat or dress sent home ‘“on approval’ orona account, wear it some’ 1 oc and send it with a. for full credit for its return. © " (Copyright, 1930.) — SUGAR MARKET. NEW YORK, July 17 (#).—Raw su- gar was unchanged early today, at. .24c for store sugars und Philippines, 3.25c, duty paid, for shipment | Cubas. No sales were reported and of- ferings were small, with sugars believed ;av-mble at n::rdln sale prices. Futures opened unchanged to 2 lower I.n'l quiet market, and lz‘:u' sence of selling pressure, pri held re.l.guvaly steady during the mmmg There some further uqum-um and switching from" t.hfl month to later deliverfes. ‘On moderate from scattered " sources, prices’ about a point or 3 from the opening, and at mund midday were W unchanged to 1 point net Following yesterday’s heavy. with- drawals to clear up expiring contracts, refined was qulet early today, at 410 | for fine granulated. Resale offerin had been withdrawn. &F :.::u;;ggr REBEEEEa e g o i g ey 82u555.888, auy 8==8§S-§§=-§§§;§3§ SFERS SN rEE FERPE SIS IE B T o8 ..... S 2a55EE neonan.. Exchange Member Fails, NEW YORK, July 17 (#).—William D Martin, a member of the New York nouncement of receipt of a letter from containing the information was made from the rostrum of the ex- change. He maintained an office in the exchal building. NEW YORK, July 17.—A contract for construction of section 3 of the 950-mile mm'::a’:’ pipe line from the Texas Panha: 0 C| has been awarded 5 Wayne Pump 50 West Cont Pt Pawnee County, near Larned, Kans., to Cloud Crunty, near Concordia, Kans., and is about 130 mun long. Peters, vice president in charge of dhmbuuon said it so far in .luly Packard motor car shipments have maintained the pace set in June, when retail deliveries of 4,300 cars uuh!uh a record for that month and also ex- czeded any month so far this year. ‘While sales of woolens to men’s cloth- ing makers have not been particularly impressive the bellef has been expressed in the trade that a definite upturn will materialize, due to the fact that both manufacturers’ and retallers’ stocks are on a very low basis. 8inclair Oil & Gas and Independent Oil & Gas have brought in a well in the Oklahema City field wmch is zepomd producing at a rate of 30,000 barrels oil and 26,000,000 feet Rofedry & Tel 250 w.xznt Radia . 25 Woodruff 50 Zenith Radio Stock sales today. 1 57000 Insul! 6s 2000 Edison Bs 3000 cni' @l 1%, m‘:hl City m DIVIDENDS DECLARED NEW YORK, July l’l »— Pay- Hidrs ot mpa) Rate. riod. & Blu;n!’n lLulvl ) Bank of uomrnl Bohack | ot s i Rent Cor bi. 3L ot.i%% First Mortgage Money for 6% BUILDING LOANS or IMPROVED PROPERTY Reasonable Rates Prompt Action B. F. SAUL CO. Nat'l 2100 © pPoopp OO OOp PPPpPOOD Candle Capital Manage. Seot! Do ptd B Clincht_Cor Texas Guif Oities' Service..%s of 1% M Tnitial. ¢ Lakes Dredge & ek thew) se Q@ have so often in the past twb years brought up the rear of an advance,