Evening Star Newspaper, July 18, 1930, Page 13

FINANCIAL. SHRWIDELECED [ NEW YORK_ STOCK EXCHANGE g | STOS CONTAUE [CONL PRODUCTION _ s i~ ASSOCIATION HEAD e ™m R i, B | UPWARD ADVANCE| N MARYLAND DOWN » it o Premie pkr N.W. Phone National 2623 Mortgage Loan Correspondent fos The Prudemtial Insurance Ca, of America for Elec Auto Lite (6) 81% 8% 80w 79 Business and Professional Men Electric Boa A% 4w 4% 4 £ Details on Request T 108 1% Pool Favorites Pushed 10!1.4 Per Cent Decrease in| uriew Toos Bide. Net w015 1929 Shown by Figures of ©x wx| New High <Levels, but Bureau of Mines. les— D te. Add 00. Abitibl Pwr & Paper. 21% Adams Exp (1 60) 2: Adams Millie (2). 22 ] ”‘- i ) Advance Rumlev, 12% o - 3 15% Advance Rumiey pf. 28% 2% - Bquit Office Bldg (3) 4 Ahumada Lead. 1 '~ ol A holders Name Officers; Bank 152: 103% Alr Reduetion (3). 111:: 118% 119% % Eureka Vac Cleane, Cuts Rediscount Rate. . e 1ion 194 Evans Auto L i Northeast *Building ~ Stock- Pivotal Shares Falter. BY EDWARD C. STONE., James L. Sherwood was re-elecied | president of the Northeast Building ‘As- sociation for his fifteenth term at the annual meeting held last night. The other officers are John L. Knopp, first vice president: H Henry C. Althoff | second .vice presi- 3 dent; Schuyler S Symons, secre- tary; Julian F. Bel- fleld, assistant sec- Frank M. 'y, _ireasurer; James' E. Payne, assistant treasurer and William S Torbert, counsel. Previous to the se- lection of officers the stockholders eiected the follow- ing directors fOr James L. Sherwood. the coming year: H. C. Althoff, L. L. Anderson, Julian F. Belfield, R. John Boehs, N. T. Chaconas, Allen E. Cowles, J. D. Dono- van, W. J. Dow, A. L. Foster, M. Hatley, Thomes P. Hickman, Alfred Jeffery, John L. Knopp, J. A. Open-| shaw, James E. Payne, John B. Rubino, James L. Sherwood. J. L. Sherwood, jr., Roy L. Swenson, Schuyler S. Symons, William S. Torbert and N. J. Ward. The following report as to the con- 9% 41 Alaska Juneas 3 5% bly B4 Allegheny Corp. 1075 87 Alleg Cp w $30 w 343 232 4 Amerada Corp (2) Am Agrioul Ch pf... 54% 41% Am Brake Shoe(2.40) 128 - 118 21% ¥% Am Brown Bov Elee. 41 80% 60's Am Brcwn B E pf(7) 40s eee 812 156' 1084 Am Can (4)... I3 2 AmCar& Fdyv (6)... 1 Am Car & Fdy pf(1). Am Chain Co 13) Am Chicle (#3)... 9% Am Comm Alcohol 59' 33 Am European Secus 13:*. 564 Am & Forn Power 1 111% 106% Am & For Pwr pf(7). 100% 92% Am&Forn Pwr 24 pf. €9% 55 Am Home Prod(4.20) 65% 28% Am Internat] (2).... 4 1% Am La Fr & Foamite 105 43% Am Locomotive (4).. 118 90 Am Locomot pf (7).. 284% 180 Am Mach & Fdy (7). 42% 384 Am Mach & Fy nw.i. 14% 915 Am Mach & Metals. . 51le 30 Am Metal 13). .. 95 65 Am NatGaspf (1) 2% Am Pwr & Lt (21) 99 Am Pwr & Lt pf ( X0 Am P&Ltpf A st(b). 23% Am Ra&Std San 1%. )'a Am Republics...... 6 8 Am Rolling Mill(n2) 65 Am Safety Razor(6). 2 4 Am Seating......... 2 » Am Shipbuilding (5) 30s Am Br Sh & Fpf (7). 508 R 7 107% 95 100 57% 451y 133 40 73 98% 4 Falrbanks Morse (3) Fed Lt & Tre ($1%). Fed Wat 8. A (e! ) Fed, erated Dept #1d Pho Fire 1(2.60). ) Elrestong T&R pf(8) 1004 s First Nat Strs (3%). 14 Flsk Rubber, 81 Fisk Rubber 1st pf..370s Flosheim Shoe A (3) 3 Follansbee Bros (3). Foster Wheeler (2).. Foundation Co. Fourth Nat] ln: Fox Film (A) (4). Freeport. Tex (16).. Gardner Maotor, Gen Am luvestor . 78% Gen Am Tnk Car(34) 38% Gen Asphalt (4).eees +. Gen Bronze (3) %43 Gen Cabl 2 Gen Cable (A) (4). Gen Cigar (4) Gen Electrio, (1. Gen Food Corp (3). ., Gen Gas&EL A(e30). Gen G&EI cv pf(§, Gen G & Flpf A'( Gen Mills (3) Gen Mot . Gen Motors pf wi (5) Gen Motors pf )., Gen Outdoor Ad Gen Out AdV(A) (4). Gen PublicSve (b6).. Gen Ry Signal (5). Gen Realty & Util... Gen Refractor(t434) 1 7 5 o1 1 1 raATa O 125% 1264 11 10 25 365 80% 3% BY CLAUDE A. JAGGER, Associated Press Financial Editor. | NEW YORK, July 18.—The stock market appeared to be losing its wind for a time today, but operators for the advance insistently urged stocks up- ward, and finally achieved a sharp up- turn in the last hour. | Several pool favorites were pushed up ! to new high levels for the recovery, but | pivotal shares here and there showed distinct inclination to falter, About half recovered and many traders felt that a breathing spell would now be in order. Commission house sentiment was less confident, and several advised their customers to take profits and await a technical reaction to replace their lines at lower levels. It was argued that an advance of the duration of the cur- rent one, without a substantial momen- tary setback, was with few precedents. ‘The more enthusiastic bulls, however, pointed out that rarely if ever has the market experienced as steady and un- interrupted a decline as that of June. Late word from the industrial and trade fronts was again of a rather con- clusive character, although of a still more hopeful tenor. There were signs steel industry, and the statement of President Sarnoff of Radlo Corpora- tion that the radio indus.y was now on the mend was”greeted with some enthusiasm by operators in the stock. Earnings statements ayeraged sub- stantially lower, with a few notable 69% | exceptions. Chesapeake Corporation re- of the May-June loss has now been | of preparations for more activity in the | Production of coal in Maryland dur- ing 1929 amounted to 2,649,114 net tons, according to figures compiled by the United States Bureau of Mines, Depart- ment of Commerce. In comparison with Real Estate Loans the amount produced in the previous Ample funds always available for loans on year this is a decrease of 1.4 per cent. . . . . . This decrease was entirely accounted | improved property in the District of Columbia for by Allegany County, where produc- | 2 s tion declined by 146917 tons, or 7.4 and nearby Marylnnd and Vlrgmla. per cent. In Garrett County, on the | other hand, coal production increased | from 693,003 tons in 1928 to 802,055 | tons in 1929, a gain of 15.7 per cent. | Allegany County, however, still remains by far the most important coal producer in the State, accounting for 69.7 per | cent of the total. | The total value of the coal produced by the mines in Maryland in 1929 was | $4,640,000, or an average value of $1.75 | per ton, which was slightly less than in the previous year, when the average value was given as $1.84 per ton. In 1929, there were 3289 men employed in the coal industry of the State, as compared with 3,304 men in 1928. The average number of days worked in 1929 was 246, as compared with 233 days in the previous year. Low Interest Rates WEAVER BR Long Term REALTORS 809 15th St. N.W. District 9486 Mortgage Loan Correspondent Metropolitan Life Insurance Company RUBBER MARKET. | = o= sl .77 || Equitable Co-operative Bldg. Ass'n Organized 1879 50th YEAR COMPLETED STEEL PRICES. JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary NEW YORK, July 18 (#).—Steel Asaets......,. $5,723,083.61 Surplus & Profits....$1,755911.57 prices_unchanged Am Sm & Ref (4)..., 97 Am Snuff (13%). T Am Sol&Ch ev pf(3). 35% Am Steel Fdy (3) 110% Am Steel Fdy pf (' 69% 47 Am Sugar Ref (5). 9% Am Sumatra Tob. Subscription for the 99th Issue of Stock Being Received dition of the association for the fiscal year was submitted: Total assets, $638,~ 715; an increase of $66,913 over pre- Vious year; increase in real estate loans, $50,200; increase in stock accounts, $76,019; dividends disbursed for the ear, $25,385; added to surplus, $721; i tal surplus, §14,034.64, 274% 200% Am Tel & Telex (3).. 169 221% 219 2208 Richmond Cuts Rediscount Rate. | 264' 197 Am Tobacco (8). 2 288 238 238 Gen Theat Equip vte. 17 Glllette Saf Ras(nb. 9 Cultivate Systematic Saving! Let us explain Learn the Value of Small Methadical Saving * our plan of saving! Substantially Secured Guaranty FPirst Mortgages “Hercules Pow bt ( Hershey Choo (8).. . 83t Hershey Chog pf(45) & Electric preferred figured on a 49- | bia 0w Atl ReOning (12) = - 5 : o 3 . rose than 3 points. There Bleciric 6 per.cent preferred’ chome wnt | oo °) AuburmAwio 4. 5L 1375131l 134 . of g‘::f:x:fi‘;;‘:-‘;}ifi S e burst of Activiey of miethational at 111% and closed at 110%, While| g3~ 37 Aute-Strep R amdiaion). Teléphone, which mounted a couple of the 5% per cent issue registered 107} 4 A and 1071, Steamboat rights sold .i 4% Aviation Corp of.Del - 46 = 6% 4;;,. 5“&'.‘.‘.}‘.,“,},'.’.‘ 0) . ul oo 16, and 230 shares of National Mort-| 38 19% Baldwin Loco (1%). _§ 24% 2¢ gase & Invesiment preferred el ne' 5. | 116 1041 Balawin Looo pt (1) 10s 108 = 106 18 * Hupp Motor Car (31 d trading was light, the most im- | 122% 984 Balto&OhioT).... 6 107% 1074 107% 113% Illinois Central (1) Eastern trunk line plan. 18 2 portant sale being in Washington Rail- | _84!s 63 . Bang& Aroos (3%). 1 72 LA 4 Some of the sold up & Lo way & Electric 4s at 86%. 1164 109" Dtk & Aroospt (7). 104 113 ] ? TR 0, dan] SE polnia In WHRL appested do i o 2 A% seae B i} ¥ Waller Takes Optimistic View. 3¢ 201 Barmsdal). A (3). 'y 14 0% tion. in -red metal prices. Cola, John R. Waller, president of the In-| 92 " 671 B eam, 18 ¥ E p . 1 Intefnational Harvester, National Steel ternational Bank, Jackson Place, has| 107 101% B'trice Cream pf (1)y ! 3 B Tl and % ‘Chemical made fair gajns. sent out & report to stockholders in| 70w 49%. Beech-Nut Pkg (3). § - Bt} moms xtlon P % “15% g Casé” an active high fiyer, selling which he sees much better conditions| 6% ' 8% Belding-Hemingway L 4 $ " up iore than 13, during the next six months. “It is| ST% ‘20 EendivAwation (1. 21 S:u : 4% SETTLED FOR A TERM OF . YEARS Tt is an important considera- *“tion that an investment in our ‘6% FIRST MORTGAGES does away with the necessity of frequent reinvestment, with varying security and changing income. Here the return is definite both for time and amount. porte first half- net of $1,64 & share = = against $1.56, and S. S. Kresge netted FSTEHRER 10- cents & share in the June quarter Specializing in Real against 69 cents. Chicago & Alton, Estate Investments one of the nrs.!td rlfll;fllfld:u "Zwi report en June net, showed a .dej ce as . Goodrich (B F) (3}70 large ws last year. e JAMES Y. PENNEBAKER Goodrich (BF) pf ( General Motors report a Te- 2604 197 Tobacco (). 2 238 : Goodyear Tire 1oy duction in June sales, but. the fact that | Nat.5291 1520 K St. N.W. . ol ‘e Am Tobacco B (3)... 245 242 44 Goodyear 1st pf (' sales to consumers were al . . . m;f,';’hf:"r:';‘u‘ogff;:‘;:‘:g‘nfin“t‘,:“‘:'1‘“ 1247 78 Am Water Wks (n1) 67 95% 92% 94 4 Gotham Silk Hosi units greater than factory.sales to deal- oy liscount rate m| 106% 994 Am 1104% 108% 1044 Graham-Paige. ers showed a pleasing reduction of ool LA eyt BTV O 5104 9% 104 Granby Con Min (3). stocks. Copper continued.to sag, with Fay. The previous rate was 4 per cent, 9 2 6% 6% Grand Stiver 8 (m1). metal reported moving finally at 11 e eV UEirAle s & per cellt, | 17y ek ARMBIERTA GBI, .o 31 106 7 9% Grand Unon. .. cents after the 11%g-cent price failed Stter the Wall Street crash last Fall, - | £l 44 Anaconda Cop (3). 477 5215 49 ¢ Grand Union'pf (3) v to attract many buyers. Granby re- The rate is stil well above New York,| Shi S4% Anchor Cap (2.40)... 42 40N 33 Granite City 8tl (4, ported .second quarter ‘production costs are substantially secured. Not which reduced the charge o 2% per| Sik 18 Andes Copper (1%). 234 28 Grt North ot (5) just_under 10 cents. ; : e tlnu i 2 fi 29% 19% Archer-Dan-M (2). 3 22% 2 18 Gr Nor gtfs Ore + Credit, conditions were practigally un- only on improved Washing- Federal Reserve Board was established. | it 19% Grt West Sug(1.40) changed, with call money at 2 per cent, ton Real Estate, but are ENiis ha Vit Inuite Ik Dhectai ol 12 Grigsby Grunow.... 3 Another’ shipment 6f $4,000,000 ip gold MRS ouns sedotiroes. ot the other Federal Reserve Districts in 374 GuifStates Steel (4) Ea A to France was announced, but at least 2000060 the more recent past. - S0] Srmour eI BRI Fackensack W (13) 540s 33 8215 some bankers feel that the country can ,800,000. In all these cases the aim has been o e Hackensk pf A(1%). 70s 28 284 afford 10 lose a large quantify of the 1 Atk tans 55 Jow a8 to bring money down to I levels in R rloomgE (1) - ] Hahn Dept Stores... * 8 16% 16% yellow metal. : : 5 order to h:;;y .ci’.nflu?e (;Ks:n:s: s-ml 50% 6 . Hall (W F) Pr Co(2) 22% 22% ‘The ‘TW"'E of lzmm:{v&o znlx: 5:725 $250. speed up the country’s financial Tecov- |- 242y 194 Atch To& 8 Fe (10). 55 226 *'221 EIanEd pE ) ) oty coatvated ta (I beuEs May be purchased on low i ;gg 123“ :'fh 1;:“': 4 D:)'” . 2 '%g " ease in money rates. There is a notable Monthly Terms. ——— P ==—— 3 SRR TaTas ToWRIEHa s ! longer term credit in this Ral tisatie stk oot 3T (20 Atas Stores )1l 2 a9 irkes Bt b0 decided uptarn i mone : FIRST MORTGAGES Capital Traction stock wound up the | 1751 145 Atl Const Line (1163, 2 164 N - . REALESTATE Took's tending ol 80 on furmgver of | "G "4k, AL GUT A inach: 1 88 e S TE F ‘ 51 . P ' B Ty Fen(e) 8 264 Holland Fur (e13%). Loews, Electric Auto Lite ‘and Houston HDRTEAEE&GIIARAHTYI Capltal Resources over $3,800,000 24 JACKSON PLACE points. * Some of the rails were strong, notably Wabash, which m ‘more than 3 in' response to the ore & Ohio’s final acquiestence in’ the five 7% 116% 117% 117 6 % - 6 5 Bring. Your Real Estate Loan Problem to Us— We Can Quickly Arrange it for You 3’ 5 01' 10 | Ot'tr‘,; aThl'rd Year Loans about time for the pendulum to swing| /6% 3811 Best&Co (2)..cesre back and the remaining part of the| 110% 75% Bethlehern Steel (6), /47 85% ' 83 year gives evidence of {mprovement with | 134 122% Bethlehep Stipf (1) 1 125% '125% '125% better sentiment developing gradually,” | 41% 31 Blaw-Knox (1%).... 3 35W 834% 84% he says. 29% 17% Blocmingdale Bros 1 21% - 214 21%. 22% “The capital resources of the Nation [ 69 28% Bohn Al & Brass (3), are larger and more liquid than ever [ 5 2 Booth Fisheries, belor}:, and the dollsr has a grester | 0% 60k Borden Co (ki) purchasing power than at any time 501 23 org Warner ( Since the World War - Lower prices for | 244 131 Briggs Mfg Co.y Rt D ) On Improved raw materials will ultimately increase 2 24 . 16 ° 19 Intl Mer Marine (2).. industrial prosperity and result in a ; 21 Intl Nicklof Camii). Real Estate wider distribution of products, although | 1% 10 3 17 1Intl Pap & P (A)2.40. IN temporarily the buying power has been | 66'% 53 Bklyn&Queens pf(4 2 569 59 . 59 ~ Pwr X “ impared by poor business conditions. | 1781 115 Bkiyn Unlon Gas (8) 17 136 Al et Tl Nearby Montgomery i s County and the Six months ago the business world was 35% Ing} Printing Ink (3) District of Columbia speeaking in optimistic terms of the | 31% Cen A of (5) P ‘There is every reason to belleve that | 51% 29% Burr Add Mch (1)... 37 354 23 ‘The bank's twenty-tecond semi-al A 2% 1 Callaahan Zine & Ld. 5 el 108 K CP&L 1st pf BY6). Loan Correspondent 761; interest and dividends earned, « 391 : 20 Intérboro Rap Tran.. 1973, 152}, Intl Bus Mach (n6).. 19%, 11, Intl Carriers, Ltd %. B - il ‘' 'Money to Loan ot A - Century Without a Intl Harvester (23%). Loss May be purchased in amounts from $250 up. ' B. F. SAUL- CO. National.ZIOO 925 15th St. N.'W, “Hoover program,” and it is now agreed | 16% 7 14 10% that an additional period is necessary | 14% 18 13 f i to make it effective. The real need 74 271 Bullard Co (1.60) 83 38 3 5 its joeal today is & return of public confidence.| 43 26% Bulova Watch (3)... 4 28% 2 i Ebwest Intersst Washington will be the first large cen- . 48's 29% Bush Termnl(23%)., 2 | 85i4 ) e dadtd: AN Lo <ahord Ratee ter to return to normalcy, and we are | 112% 66% Byers YA M)..... 11 80% T8% S0% g y = already feeling the effects of improved | 114 109 Byers (AM) pf (7).., 50s 109 109 109 A R awil Tea (1854 &b it B@SS 0 l’HELPS local conditions,” Mr. Waller concludes. | 77,0 0w Galit Packing s 3 b o anaManviel ; . AL nual _statement shows resources of S$2.37T804, cash with other banks;gia.- | 20 145K CRMmath Aves (8).q, 2¢ OTH MM AT 5% KAM CIty 8ou (6). . rr Jonn“Hancock Mutual Lite 996: bonds and investment securities, | 75 56 Canada Dry G A (8). 14 675 6% 67 65 Kan City Sou pf (4) Saul Bnilding st 81.181,946; accounts receivable, $139,-1 gpglt (30, Eanads DY O MY, A8 ST BEW €7 ! 16% Kaufmann.DS (1%). 1417 K St. National 9300 6524 45% Can Pacifie(new)wd 11 47 46% 46% 925 15th St. N.W. Several desirable rcoms at very reasonable rents. Inspec- tion ‘invited, B. F.'SAUL CO. Nat. 2100 925 15th St. N.W, THERE IS NO SUBSTITUTE FOR SAFETY $74,147; authorized capital. $3,000,000; stock custanding, §1,266;400y ‘mwpias | (S05% 18I ERse 1 DU Socece 808 STRIGIL FiR0L 85N T% Kelvinator Corp. and profits, $600,000. B SR, 371 Kennecott Cop (3)... 436 1 Booker Review Notes Upturn. . 5 3 16 15% o z'gg;:"nb-';l(’t;(;{')rnk:‘)"" 1 The monthly review of Y. E. Booker 501 51% Kintiey (GR ) pf ('.',‘ 8008 & Co. notes 8 better feeling regarding | 157 10 10 INE Solater Redto, e, the near-term possibilities of business Certain-teed pf.. 37 87 M 261 Rreers(S8)Co0 Y improvement. The chief factors are 20% Checker Cab (4.20) 7 26 261 - et shown in the indexes of car loadings, 171 Ches & Ohlo (10).,.. 30 1914 189 19 gl L automobile output, electric power pro- | 2% 51% Ches&OhloCorp(3)® 4 3% 63 i S S s ductions and steel operations. A re- a5 CRIE AMon. o 2 4% A 21% Lago O & Tran newal of buying in most lines of busi- 4'3 Chi & Alton pf..... 2 4% 76'4 Lambert Co (8)... ness is expected by Fall. The review - 36 - 35% 7% Lehigh Valley Coal.. lusions on the present 115 2 22% Leh Val Coal pf (3) flflm&hfi"iu‘i‘r’f“ T — Chi Great Westn pf.. 103 42% 394 E 66% LehmanCorp (3) “The depression has now run about 12% Chi Mil StP & Pas. 2 5 19'5 Lib Owens F Gl (1) a year, Whicht 1s about the average 205 Chi M1l StP & Pac pf. 264 25 85 Ligg & Myers B(15 length as compared with previous 114 Chi Pneu Tool. . 20 Lima Locomotive. .. cycles. ‘The decline in farm prices has 66 Chicago & N W (5).. 52% Liquid Carbonie (4). been accompanied by a decline in farm 95 ChiR1&Pag(l).... 42% Loew's, Ino (3)..... 8 Jabor costs and in commodity prices, so | 110% 106 ChiRI& Pacpf (7). 1 107% 107% 107% 3 Loft. Ino that the fegmer's purchasing power 49% ChildsCo 12.40)..... ‘10 56ls Bdls B5d% 5 5014 3 may not have been badly impaired, ex- Chrysler Corp (3 3% 30% 1184 Loose- Wiles 1st (7 cept for current losses. The stock mar- 38 City F (k3.60) 3 401 16% Lorillard (P) Gommittes Geo. . Baker, Chairmar: Arthur Curtiss James, Deputy Chajrman J. P. Morgan Louis W. Hill Stephen Birch Francis T. Ward, Secretary 23 Wall Streer, New York Walker D. Hines. Davis Polk Wardwell Gerdiner & Reed, o UNIFICATION or NORTHERN PACIFIC RAILWAY COMPANY ND GREAT NORTHERN RAILWAY COMPANY Money on Hand to Loan on First Deed of Trust 69, Interest Reasonable Commission and ¢ H Prompt Replies to To HOLDERS OF STOCK AND CERTIFICATES OF DEPOSIT For STOCK OF , Applications NORTHERN PACIFIC RAILWAY COMPANY AND GREAT NORTHERN RAILWAY COMPANY?Z 3 o JAMB F SHEA i On Mlgcs 21!::h the (;ommitte; a:lvi;\gdn ou of‘ the tde{;isipnu'olf th;l_lntenbhz Co‘l,qmeerc‘: y s 85 City Ice&Fuel pf 6 83 3 8 Loulsiana Ofl. . ommission finding the unification o e Northern Lines to be in the public interest, subject SR ey i ,!’r,““;,m;f“;‘:m_\,vfl']?: 34 6% City Stores (606..... T4 33 LouG & El(A) 643 Louisiana Ave. N.W. comflhlnce with four conditions summarized in that letter. At the same time you were advised last year. Unless wages are cut, de- 80 Cluet o1 34% 34 34y 38% 127 Louls & Ni of the effort of the Committee and the Executives of the Northern Lines to work out a modified creased prices will mean increased pur- | 191% 13314 Coca-Col . 44 181 177 22 Ludlum St 9 4 RI." consonant with the decision of the Commission and with: the best interests of the stock- ehumngwe; by the masses, " B f::: C:P" P.nzuj A i 24% Mac And & F (12.85), olders and the public. 2 i AU A “In Mag: Suctory wages n 33 In~} o o N A 23% 221 2 93 MacA & rorb pf (6). This effort was proceeding and the Committee felt that'it was making progress when a dustries throughout the United States, | 0% u on (3 H R o ot At For Sale joint resolution pnuexf the United States Senate which, if concurred in by e ouse, would for food, rent, clothing, etc, was 25| 87 58k Col Gan& Kl (). 08 66% 6% Ge%, T Mt Poro b t , er cent greater than early in 1021 | 110 104 Col Gas & EIpf A(6) 5 107% 106 106 modified plan. A proposed substitute resolution had not been acted on in the House n Con- Kow “Toreign financing may lay the s Bl g:;x:g_’:g‘,:z“"’.’; o s gl WARDMAN REALTY gress adjourned, and the matter is still pending, ey basis for eventual recovery in exports. . .- g 4 In th i f the C itt it wi t in the inte; t of d 0% 23%. Ce eee 10 26% 26 g C n the opinion of the Committee it was not in interest of the stockholders to procee Corporation earnings do not compare | 40 omm Credit (2) % 26% 26% 46%" Mack Trucks (8) ... and CONSTRUCTION ith a mc:ldifieglpl;n while such legislation was under consideration, nor‘wfll it be in ghni.xiu nterest s 0 proceed until the definite attitude of Congress toward the matter at its next session ve tive situation, the Depositaries have been instructed to receive stock for depdsit, or release stock Bids Wanted upon application, vitfiout restriction and without expense to depositors. The period of unre- ;tncu‘v‘l depotsit and withdrawal vl;dlll ;ununuy for at lel;t three months, and thereafter u:dtfl 6 orty days after the Committee shall have given notice of its intention to proceed with a modi- More Banking Courses Likely. b {"A' g:::g: ‘,r.::: ;’1‘2\ % 40% May Dept Stre in2) ENGELS & DlDRlCHSEN fied plan or to abandon further effort. Additional courses to be conducted by 6% Consol Gas N ¥ (4) . ARG IARIaRCo 1) 11 Broadway, N. Y. C. wl,m"lmg," kgxh‘pm.‘ A“:»z-’,‘;-:::dx::u; 9 g::::ll g:::lz ot(8) 164 Mexican Seabu g % 2 Phone Digby 9090 tificl:tu will thusul:;come ;‘:r the firs‘t‘tt_’me gu:\ly irat%re‘;:u?aenblff and, as .heln‘\:'e nuu?’. d{ull tute of Banking, were cons . i Miami Copper (1% ) ¥ — — p— opportunity to withdraw after presentation o modifie lan will in any event accorded to & 53 Michigan Stl (h2lg depositing stockholders, it does not appear that the sbockgolden have anything to lose, and it 15.;:,1 evenlr;g.. CE:{:"?;;QQQXK;’YWIE’E- 1812 Contl Baking (A)..w 5% 224 Mid-Cont Petm would seem that they may have much to gain by leaving their stock on dern-it for the present B o SR viae’ this. year and if the A :"l“'f’ and thus authorizing their Committee to continue its efforts on their behalf. In the judgment s there is a possi- Te1e o . % ¢ ¢ . s £ Thers sl be albided, 161 Copt DI e I : 84 Midian0 Blosi vt situation should be. clarified within a reasonable time, and the Committee therefore recommends i 22 Management that all stoeckholders leave their stock on deposit until the Committee sends out a further com- ditions will be eliminated this Fall by 18% Contl Oil of Del. 327 MoKan & Texas (7). % = muniution.'fvin( notice of its intention either to proceed with a modified plan or to abandom lfi; eramm' changes now being con- 20 ° Contl Shares (1) 981 Mo Kan & Tex pt(7). 1004 100 » . further effo: ed by the District Bankers' Assoclation g l}.filfln llg,l;:'h Lee i | g; 12“ New York Gity, July 17, 1930. ve rnings prior to the | 25% 22% Comm Cred pf (1%). 20s 24 24 24 * ‘n’gr'x:;g{:xmyyn:fux‘y;; o 55 28 Comm Inv Trig1.60) b 34% 33% 334 “l’g\ :;:;}’.‘efx“*;;‘::c?:'x:) FMohey for” legitimate enterprise is| £ 20 Com invTovpf(es) 1 BI% Bl 8ix 200 Mistoe Caone e cheap, Bavings bank deposits and in- | 38 20% Comm Solvents (11) 323 26% 25% 261 e e e s iy surance sales show a healthy increase 125 Comwlith & Sou(60c) 239 14% 14% 145 20 MibEiavmody (a8) We therefore remain optimistic that 99 Cmwith & Sou pf (6) . 2 101% 101 10134 8% Marmon Mot (h50c) industry will begin a real recovery in | 19% 10% Congoleum-Nairn... 24 13% ot e the Fall months, or, at the Imtest, by 80’ Congress Clgars (4 S0k MerUp ok (1930) . the end of-the year L Mt v g 52 Mathieson Alkil «2), 1 16 103 10215 108 2 / 36 Col Fuel & Iron (3)., 46 5% b52% ban 1o IR Coth L3 k). expressed ‘I terms of purchasiog pawst o1 Ga Ve 1 doubtless have prevented, until after March 4, 1931, any action by the. Commission :g:n such I been ascertained. 2 s 6 /Z S, 1938, at 65 Interim Right of Withdrawal. In view of the inevitable delay accasioned by this legisla- Recommendation of the Committ Inasmuch as the stock certificates and deposit cer- e %Y 31 meeting of the educational committee 11% ContaineriA) (120): 13 15% 141 15% i 7 Pl"opel’ty of the Committee it would be to the advantage of the stockholders to proceed with the plan if the It is believed that the overcrowded con- 3% Contl Motors. . 19% M StP & SSM.. Over 30 years’ suc- cessful handling of rents—economical con- sideration for owners. Personal attention to details and prompt remittances. Also facilities for financing. Moore & Hill, Inc. (Since 1900) 730 17th Street Ultimate Right of Withdrawal. If later on sufficient stock shall, in the opinion of ‘the Committee, remain on deposit to justify f f and other conditions shall appear favor« able for the consummation of the unification plan, modified as may be required, such plan will in due course, and as promptly as,conditions permit, ‘be presented to the Commission and to the- stockholders, who will be given ample v:rportunfiy, on forty days’ notice as provided in the Plan, to ‘mdhi:;‘t: ‘tthar roval or disapproval of such Mifludm.wd-“flm;-wmmdrwim out ¢l €] rove. (A PR AT ' y disappro . ; o v S FIRST NATIONAL BANK, 3 2 Waull Street, New York City i Depositary . Great Northern Railway Company Stock - = Monsanto Ch (g1%). Montgom Ward (3)., 1% Mother Lode (20c).., 30 () at the last convention will be adopted.| 177 = 104 i 109% ws: 35 They are $5. for all first-year courses, 7 2 Cuba Cane Products. 1 2% 3% 31 $10 for more adyanced courses and $15 9 5 Cuban.Amer Bugar.. 5 5 H for the highest courses offered. 48 384 Cudahy l‘»v-:u:-gn. 1 i a 334 Motor Meter G & k.. n Connections. 14% 6% Curptiss Welght Corp ' 34% Motor Products (2)., 1t r"'.'nf.:fififi by P.'B. Keech ] 1198 - O% Curt Weisht Corp & e e 21" Motor Whee) Co. at thelr Washington office today| 90% 68 Cutler-Hammer(3%) 64 64 i 6 s Mullins Mfg. that the New York Stock Exchange' 43% 24% DavisonChemical... 32 20% " 28% 121 Murray (b2 %stk). firm has made Messrs. de Saint-Phalle 24% 20 D e & Co pf (1.40). 3 24% 244 36% Myer(FE) & Bro(2). & Co. their correspondents in Europe.| 181 146 Delaware & Hud (9). . ¥ 166 162 15 30% Nash Motors (4).. At the same time it was stated that F. 1563 110% Del Lack & Wn (17), 6 115 114% 114% % 100 Nash Chat & StL(5). B. Keech & Co. will be the correspond- | 21% Devoe&Ray A (1.20) 3 241 23 2Ny 26y 10% NatAcme (13). .. ents in the United States for the Euro- 139 Diamond Mateh (8).. 93 71 Nayl Biscult.'n(2.80). pean firm.. Both firms believe they have 6% Dome Mines (1 . 142% Natl Biscuitpf (7).3 1 made a very advantageous business ar- 18° Dom Stores (31.30).. © "8313 4284 Nati Cash Rez.A(14) 174 87% rangement, according to George A. Gar- _87% 67 ~Drug Corporat: 75% g2 ¢5% Natl Deiry (33) Tett, resident partner and manager of 145% 95% Du Pontde N (v4.70) . 64 1104 109 110% 1103 the local office. 265% 176% Eastman Kodak (18). 24 216% 314 315 846 (Continued on Page 14); J. P. MORGAN & CO., 23 Wall Street, New York City Depositary TM" Pacific Railway Gompapy Stock