Evening Star Newspaper, July 18, 1930, Page 14

- gether FI BRUENING'S STAND torship Held Determination to Balance Budget. °T BY JOHN F. SINCLAIR. . When I wrote in this column three weeks ago that a dictatorship in Ger- many was a near possibility, I was sur- rised at the number of usually well formed men who thought such a dic~ tato:ship was an absurdity. But yesterday the dictatorship of Ghancellor Bruening: became a reality with the publication of a series of tax decrees to cover the national budget deficit. The Reichstag, refusing to pass the fiscal measures, was overruled. . 'The cry of unconstitutionality of the act has been raised, but the quiet, aris- focratic Bruening is unmoved. 5. The next step? Probably the Reichs- 4ag will decide to reconsider and pass the measures which the chancellor has asked. If so, the dictatorship vanishes. Should this happen, the quiet-speaking scholar, Bruening, almost unkni 1 in Germany a year ago, will emerge as the strong man of German: public life, next to their 8l-year-old President von Hindenburg. Germany s determined to balance its budget and pay its way. It will mean Jling in its belt still further and sav- g every mark it can. From the finanical standpoint, a dic- tatorship might help. But from a po- litical standpoint it's always dangerous. Money rates throughout the world continue to sag. The National Bank of Switzerland has reduced its discount rate from 3 per cent to 2)> per cent. The Imperial Bank of India last week reduced its rate from 6 per cent to 5 per cent. Austria, Hungary, Italy and Spain to- day are the highest rate countries—512 per cent. Norway's rate is 413 per cent. Germany, Denmark and Ireland are on the 4 per cent basis; Sweden is 31 per cent; England, Holland, Belgium and Switzerland are on a 3 per cent basis, and France and the United States (New York) are at 21, per cent. But what is worrying international ‘bankers is the way Prance is attracting new gold, which his coming into the market. Yesterday she took 655,000 unds of the 755,000 pounds of the g;uth African gold, which was offered in the London market, paying the rec- ord price of 85 shillings and 11: pence (approximately $20.75) per fine ounce. The Bank of England also released to the Bank of France 423,000 pounds. ‘The ‘cnd flow to France—already heavy with the yellow mesal—continues. This week the United States sent $4,000,000 to France on the Bremen. France says nothing. In her dark vaults she has accumulated 44,000,000 francs worth of gold—next to the United Btates, the largest holder in the world. The United States and France to- possess more gold than has been mined since the beginning of the World War. France has hoarded up more than has been produced in the last five ears. 5 Down deep, it's causing plenty of dis- eussion in the important counting rooms of the world. _ The announcement that the 1929-30 Canadian wheat pool would advance but 70 cents a bushel for wheat to its mem- bers for deliveries, based on Fort Wil- liam and No. 1 northern grade, against 81 a bushel 1-5:0 year, has Clmel ‘w'::: { pessimism sweep OV Western Provinces of Manitoba, Sas- katchewan and Alberta. This new price really means that sdvance payments for Wwheat at the little towns in Manitoba will be around 62 cents a bushel for top grade, and 57 cents for top grades further west— in Saskatchewan and Alberta—the low- 16 years. ""‘T’;: whb’lv pool, which controls about f of Canada’s output, continued tp :;imnoe $1 a bushel for last year's ‘wheat up to June 25. Then it cut to 85 cents, where it remained until July 15, when 70 cents was announced as the price for the 1930 crop. The 70-cent figure has the support of all the big Canadian banks, which had been loaning a dollar before—se- ‘cured, in addition to the wheat, by the guaranty of the three Western Prov- inces. The Canadian wheat pool today has approximately 100,000,000 bushels of their last year's crop on hand, with the new crop estimated at 400,000,000 bush- els—almost ready to_cut. So the American Farm Board is not Mkely to add to its troubles by addipg any new wheat to its 60,000,000 ‘bushdls already on hand, which is costing the boatd $1,000,000 a month to carry. Alexander Legge of the United States Farm Board, wants it distinctly under- stood that neither he nor Secretary of Agriculture Hyde have ever advised farmers “to quit raising wheat.” “What we do advise farmers to do is to raise a little less of 1t and ‘give the consumers & chance to catch up with e producers.’ . mItpl.l the Farm Board’s contention that it would be better for the farmer to put 100 acres into wheat and re- ceive $1 a bushel, than to plant 160 acres of wheat and receive 60 cents. Smaller acreage oftentimes means more money to the farmer. The Farm Board's &dvice to the West- ern wheat farmer apparently is this: Stay on your farm, cultivate less wheat, and make more money. It will surprise many people to learn that Florida has.increased over 50 per cent in population since 1920. Ten years ago, her population was 968,470. With two of her 67 counties still to be heard from, Florida shows a population ©f 1,447,645, Thousands of people, who lost their entire fortunes in Florida four years #go, left the State, busted and heart- sore. But other thousands remained to ‘work it out. Since that time, banks have failed, the Mediterranean fiy has wrought un- told damage to the citrus country, and two storms have swept the State, result- Ing in a loss of hundreds of lives and millions of dollars. But today Florida stands out as a “bargain counter. Property can be pur- chased there at a small fraction of what it sold for in the boom 1925 days. Florida remains the peer of the State ‘Winter resorts, only California serlously tompennfi. It has a marvelous climate, fertile soil, plenty of rainfa]l, and abun- dant crops. But it looks bad on paper. Already 42 municipalities have defsulted on their bonds—perhaps $250,000,000 worth. A bond committee is busy now working 4t out. This will take time. The closing of the Bank of Bay Bis- eayne of Miami, one of the largest banks in the State, a month ago, didn't help the situation. But the 50 per cent gain jn populs tion over the last 10 years is remark- able (the census figures were taken five years after the boom). Hundreds of Florida citizens, pinched closer finan- cially than they have ever been before, are standing pat, believing that Florida will be as prosperous in the future as in the past. (Copyright, 1930, by the North American New: r ‘Alliance.) BANK CASHIER AT 84 STILL REMAINS ACTIVE Robert S. Allen, now serving his sixty- first year in the service of tMe Peek kill Savings Bank in Peekskill N. Y. observed his eighty-fourth birthday anniversary yesterday. He is in good h’e;uh and was on active duty in his office. 5 NANCIA NEW YORK SEENAD TOCREDT, German Chancellor’s Dicta-; 1 Lead pf(A) (7). 80s Lead pf(B) (6). 508 Natl Pwr & Lt (1)... 260 53 Natl Steel (2). 100% Natl Supply (5). 113 Natl Supply pf (1) 664 Natl Suretv (5). 24 NatlTeaCo (2).. 16% Nevada Copper (1 150% N ¥ Central (%). 178% N Y & Harlem (5) 17% N ¥ Anvest (1.20 97% N ¥ N H & Hart ( 116 NYNH&HDL().. 7% North Am Aviation.. 87t3 North Ami1b10%stk) 100% North Am Ed pf (6).. 66% Northern Pacifie (5). ' Norwalk Tire & Rub. 94 O11 Well Supply... 13% Oliver Farm Equip 27 Oliv Fr Eqev nt(3).. 36 Oppenheim Col (3) - 556 Otis Elev. n(2%) 25 Otls Steel (3%), 45% Owens 11l Glass ( 5214 Pacific Gaz & B (2). % 72 Pacifio Lizhting (3). 130 Pacific Tel &Tel (7). 1108 12% Packard Motor (1).. 66 51% Pan-Am Petrolm. 50 Pan-Am Petm (B)... 4% Panhandle P & R. 1 48% Param’nt Publix (4). 171 19 Park & Tilford (33, 8 1% Park Utah... 9 Parmelee Trans 1%., 2% Pathe Exchang > 5 Pathe Exchange (A) 17 Patino Mines. 4% Peerless Motol 264 Penick & Ford (1), 48 Penney tJ C 13) 9315 Penney(JC) pt A(8). 64 Penn Dizls Cement % 697 Penna R R (4). 230 People's Gas, Chi (8) 10% Peoria & Eastern 18% Petrol Corp (1% ) 29 Phelps Dodge (3)..e. 5014 Phila Co 6% pf (3) 11% Phila Read C& 1. 8% Philip MOrris (1)..ee 29% Phillips Petrm (n2). 80 Phoenix Hos pf (7)..10 Plerce-Arrow (A). ree-Arrow pf (6. roe Ol ) .o 39% Pirelll, Italy (23.14). 45 Pittsburgh Coal. 26 PRAmTobA (3%). 9 P Rican Am To (B).. 35% Prairie O] & Gas(2). 44% Prairie Pipe L (15) 6% Pressed Steel Car.. 1 52% Proctor & Gamb(2.40 69 E1ls Pub Serv.N J (3.40). 133 91% Pub Serv NJ pf (5).. 12 Pullman Corp (4) 6 19% Pure Oll (1%). 52 Purity Bakeries 321 Radio Corp...... 68 Radio Corp (B) (5) 19 Radlo-Kelth-Orph 28 Raybestos Man 3. 47% Reading 2d pf (3) 34% Real Silk (5). 23 Rem 8% Reo Motor Car (30¢). 6 Reo Motor ctfs (80c). 37% Republic Steel (4) 86% Republic Steel pf 22 Revere Copper & Br. 15% Rio Grande Oil (2).. 384 Ritter Dent Mfg (13) 27% Rossia Insur (2.20).. 49% Royal Dutch(3.2165) 99% 109% 105 Strs pt 2 57% 33% StJoseph Lead (13).., 85% St LeSan Fran (8) 52% St L Southwes! 85 St L Soutwnpf (5).. 59% S Roebuck(32%) 77 7 Second Natl Inv. 13 58% Sec Natl Inv pf (5) 1% Seneca Copper. 6% Servel. InC.....0 16% Sharp & Dohme. . 54 Sharp& Dopf (3%).. 31% Shattuck(FG)(11%) 18 Shell Union (1.40)... 95 Shell Un Ofl pf (5%). 8% Shubert Theatres 21 Simmons Co. 18 Simms Petrm 20 Sinclair Con Oll ¢3).. Sinclair O1l pf (8)... 8 118% 3 15 Snider Packing pf. 95% Solvay Am pt(5%) 15% Sou Porto Sug ¢1.40), 52% Southern Cal £4 (2 108 Southern Pacific (6. 89% Southern Rwy (8)... 907% Southern Rwy pf (5) 87 SouRyM&Oct (4 19% Spang-Chalfant. 13% Sparks Withngtn 6 Spear & co 14% Spicer Mf, 10% Splegel-M: PP =PI ey 33 &% Y L 15 2 30% . 135 140% THE EVENI DI Stand Stand In Stand Of! Stand O1l Stand Oil Stand O Starrett Sterling Sterling Sterling Symingt Texas P Thermol Tobacco Transue Und-E11- Union Of! Union T Utd Biser Utd Ciga Utd Ciga; Utd Elect Utd Frui! Vadasco Wabash. Waldorf West Western Western Western Western Wextark Willy Wrigley 12% 72 5% 16 17% % Inter Sal Dividend rates as & ts based on the P40 Bait of trading le: no regular T, cash of stock. 8% in stock. vidend Rate. Branas (1%) Stand Comm Tob. StandG& E (3%). Texas Pac Land Thatcher Mfg (1.60). ‘Thompson Pre Thompson Starrett. Tide Water As (60c Tide Water As pf Timken Det Ax(8 Timken Roller (. Utd Alreraft. Vanadium Stl (14). g Warner Bros Ple (4), 41 War Bros P pf (2.20 Warner-Quinlan (1) Wess O & Sn pf (4) E Penn El pt (7). 1ol White Motors (3)... White Rek MS(143%4). White Sewing Mach.. -Overlan: Willys-Over pf (7, Wilson & Co. 1,858,700 2:10 P.M.. iven, n the sbove table are bie in scrip. 1Plus b Pasable in stock. % BFlur s S IR Sock. ) Plus 8% HINGTON. HGH NONEY BATES| [ o BONDS s STOCK EXCHANGE Sales— Add 00. Hich. 62 1 vest Corp. Stand O of Cal (2%). 1 Exp 5f(5) . 1of Kan (3). 1of N J(t2). 1N Y (160). (LS) (13%) Sec (A)..... Sec pf(1.20) Sec cv pf(3) Stewart-Warner (1). Stone & Webster (4). Studebaker Corp Sun Of1 (J1) Sweets of Amer (. on (A) % Telautog'h C (t1. Texas Corp (3) Tex Gulf Sulphur(4) C&Ofl..... Tr.. 102 6 800:" s on 2.40) Product! Transcontl Ofl (30¢c). & W (1), Tri-Contl Corp. Fiscner (5). Union Bag & Paper. Union Carbide (2. 1 of Cal (32) Union Pacific 10). 'k Car (1.60). uit (1.60). Utd Business Pub... Utd Carbon (2). : t Storel r Strs pf. United Corp (50¢)., United Corp pf (3).. Utd Dyewood of (7). tric Coal. t (4).. Utd Gas & Imp(1.30) . Utd Gas & Imp pf(5). FORCE BONDS DOWN| Prime Railroad Mortgages, However, Advance in ' Day’s Trading. BY F. H. RICHARDSON. NEW YORK, July 18 (CP.A) —Un- der the influence of a slight stiffening in time money rates United States Gov- ment bonds and a few other high-grade issues sold off in bond trading today. However, prime railroad mortgages were still in demand and most of them made fractional gains. There was a fair sprinkling of advances throughout the rest of the list as well. Volume was low. At the opening foreign dollar credits were adversely affected by London advices that the new Austrian 7 per cent loan had dropped to a 21 per cent discount there, but when Austrian bonds here failed to reflect the overseas weak- ness the whole group picked up and finally gains outbalanced losses. New capital issues for the day num- 14 | bered only one, the $5,750,000 Chicago South Park commissioners’ 4 per cent improvement bonds, priced to yield 3 to 4.25 per cent, according to maturity. The wide spread between the short- term and long-term maturities illus- trates the sharp demand for short-term issues, resulting from the tendency of insurance companies and other invest- ing corporations to keep their reserves in as liquid a condition as possible and at the same time get a somewhat better yield than that obtainable in the call money market. Liberty and Treasury offerings were 1/32 to 10/32 lower, the wider declines gggnm‘ in the Treasury 4s, 4!4s and %as. Convertible bonds ranged a little higher with the strength in certain stocks. Those making initial gains were Alleghany 5s, New Haven 6s, American L. G. Chemical 55, American Inter- national 5%s, Philadelphia & Reading Coal & Iron 6s, Chicago & Northwest- ern 43%s, Southern Pacific 414s, Ameri- 2% | can Telephone 41;s, International Tele- Smitg & Ref (1), Smelt Refpf3%. 1 5 Util Pwr&Lt A (02) w SalesCorp.. 3 1289 10 ‘Vulcan Detin pf (7) ‘Wabash pf (A) (5).. Systm(1%). 7 0 9 2 8 2 2 Dairy A (4). Dairy (B) Md.. Union (3) Westinghse 4 B (3).- Westinghse E&M (5) 209 Weston El Instr (1). 19 18 2 1 2 46 Radio Strs., Woolworth (3.40)... Worth Pump. .. (Wm) (¢) Yale&Towne Mfg(4) Yellow Truck. 375 Yellow Truck pf. Zentth Radlo. .. RIGHTS EXPIRE Am Tel & Tel.Aug 1 342 Ches & Ohio t, Sales of Stocks on New York Exchange 1 155,100 2.143'500 e annual cash of Maif vearly deciarations. " {Partly extra. iPlus 4% n stock. & Paid last year— gt it e g 18 st0cE. *EBliis §% 1n stook. Plus 323,700 12:00 Noot lat th 1 Plus Baltimore Markets BALTIMORE, Md., July 18.—Po- tatoes, white, 100 pounds, 2.00a2.25; new, barrel, 2.00a2.50; beans, hamper, 50a1.00; beets, 100, 1.00: ; _cal 3 per, 50a75; carrots, 100, 2.00a4.00; celery, crate, 2.50a3.00; corn, n, 10a25, hamper, 60a90; lima beans, bushel, 1.50a2.50; lettuce, crate, 50a 1.00; onions, bushel, 75a1.00; peppers, hamper, 60a75; peas, bushel, 50a2.50; spinach, bushel, 1.00a1.10; squash, hamper, 15a25; tomatoes, hamper, 25a 1.50; apples, bushel, 1.25a3.00; black- berries, quart, 10a15; cantaloupes, crate, 1.00a3.00; cherries, pound, 5a10; or- anges, box, 3.75a9.00; peaches, crate, 2.50a3.50; pineapples, crate, 3.00a4.00; watermelons, 100, 15.00a40.00 Poultry, allve—Chickens, Springs, pound, 25a35; Leghorns, 18a25; ducks, 18a23; pigeons, pair, 15a25. Eggs—Receipts, 706 cases; nearby firsts, 22a221;; southern firsts, 21. Butter—Good to fancy creamery, pound, 32a35; ladles, 24a25; rolls, 24a 25; process, 28a29; store packed, 18. Hay and Grain. Wheat—No. 2 red Winter, export 915; No. 2 Winter, garlicky, spot, 87%; July, 8714; August delivery, 88. Corn—No. 2 domestic, yellow, new, 94a95; cob corn, 4.25a4.50. Rye—Nearby, 60a70. Oats—White, No. 2, 47; No.'3, 46. Hay—Receipts, none. The general hay market continues quiet under light receipts, mostly by truck, but ample for the demand, which is limited. While not enough hay is arriving on which to establish values by grades on car- load lots, the better grade of timothy and clover mixed are in fair demand at a range of 20.00a25.00 per ton. Live Stock Market. Cattle—Receipts, 700 head; light sup- ply. market extermely dull and inactive. Steers, good to choice, 8.00 to 8.50; medium to good, 7.25 to 7.75; fair to medium, 6.50 to 7.00; plain ‘to fair, 5.15 to 6.25; common to plain, 5.00 to 5.50. ‘The plant of the Minnesota Steel Co., & subsidiary of United States Steel Cor- a0 Hepariaments for The frt several years, light pigs, 9.50 to 10.25; pigs, 10.00 to 10.50. Calves—Receipts, 50 head; light sup- ply, market lower. Calves, 5.00 to 11.00. SUGAR MARKET. NEW YORK, July 18 (#).—Raw sugar was quiet and steady early today. Buy- ers appeared willing to pay 3.25 cents for spots, duty paid, but offerings were restricted, with a few parcels on offer at 3.30. Bids of 3.28 were being so- licited for Philippines and store sugars, with buyers apparently uninterested. Raw futures opened 1 to 2 points higher on a continuation of the cover- ing movement that developed late yes- terday. There were some overnight buying orders, which carried the mar- ket up about a point. Part of the buy- ing was attributed to the steadier Lon- don cables, as well as the improved tone of -the raw market. However, after the early orders had been executed, buy- ing tapered off, with the market de- vzlopln{ a sagging tendency under scat- tered liquidation and some selling by producing interests. At around noon the market was generally net un- changed. In refined sugar there were light withdrawals against 4.60-cent contracts. No new business was reported, however, and the price for fine granulated re- ained at 4.70, with no resale sugars on offer. PRI I CHICAGO LIVE STOCK MARKET CHICAGO, July 18 (#).—Hogs, 12,000 head, including 4,000 direct; all trading to shippers active 15a25 higher; bulk desirable light weights, 9.80a10.00; top, 10.00; little doing on other weights; later bids around steady; light light, good and choice, 140-160 pounds, 9.50a 9.90; light weight, 160-200 pounds, 9.75a 10.00; medium weight, 200-250 pounds, .2529.90; heavy weight, 250-350 pounds, 8.60a9.40; packing sows, medium and good, 275-500 pounds, 7.2588.20; slaugh- ter pigs, good and choice, 100-130 pounds, 8.75a9.50. Cattle, 1,800 head; calves, 1,000; trade very slow and uneven: steady to 25 lower on common and ium grassy and short fed steers, and all fat she stock, slaughter cattle and vealers; steers, good and choice, 600-900 pounds, .00; 900-1100 pounds, 8.75a11.00; 300 75a11 s pounds, 8. 00; 1, 1,500 pounds, 8.50a11.00; common and medium, 600-1,300 ° pounds, 6.00a8.75; heifers, good cholce, 550-850 .00 pounds, medium, ; good and choice, 5.50a8.00; common and medium, 4.25a5.75: Jow cutter and cutter, 3.50a 4.25; bulls (yearlinigs excluded), good and cholce (beef), 6.7528.00; cutter to medium, 5.50a7.00; vealers (milk -fed), Bulls—Good to choice, 6.25 to 6.50; medium to good, 6.00 to 6.25; fair to medium, 5.75 to 6.00; plain to fair, 5.25 to 5.50; common to plain, 4.50 to 5.00. Cows—Good to plain, 5.75 to 6.00; medium to good, 5.00 to 5. fair to medium, 4.00 to 4.50; plain to l'fl'. .25 to 3.75; common to in, 2.50 .00. Heifers—Good to choice, 7.50 to medium to good, 6.50 to 7.00; medium, 6.00 to 6.50; plain to fair, 5.50 to_6.00; common to plain, 5.00 to 5.50. wl"r.‘sh cows and Springers, 40.00 to .00. Sheep and lambs—Receipts, 700 head: light supply, market lower. Sheep, 1.00 10 3.50; lambs. 5.50 to 10.25. 13 Foacket Bhatier, Lifhte, 1050t ply, mar T, , 10 la'll: heavies, 9.75 to 10.25; medium, 1050 e 10.76, soughs, 7.00 to 8.7 Butter—One-pound prints, 37%;a38%2; tub, 36a37. 24a26; Eggs—Hennery, ceipts, 20a21. Poultry, alive—Spring broilers, large, 33a35; medium, 28a30; small, 26a27; Leghorns, large, 23a2 all, 20822; hens, llrfi 24; small, 21a22; roosters, 15a16. essed, shipped in, iced— Spring broilers, large, 32a33; medium and small. 26a27; fowls, large, 25a26; small, 15a17; roosters, 16al7; Leghorn fowls, 15a18. Jobbers’ prices, home-dressed—Spring broilers, large, 38a40; medium, 37a: small, :i: Leghorns, 25a26; fowls, large, 27a28; small, 25a 26; Leghorn fowls, 19a20; roosters, 15a 16. current Te- fresh hams, 25; fresh shoulders, 18a20 smoked hams, 27; smoked shoulders, 2 bacon, 27; lard, in packages, 13; in bulk, 12. Live stock—Calves, 11; lambs, 10. Fruits—Watermelons, 30a75; canta- loupes, Ridgeway, N, C., standards, 2.00 23.00; honeyballs, 2.50a4.75; flats, 2.2! blackberrie: 2.00a4.00; pet plums, 2.00a2.25; . oranges, 7.50a8.00; gooseberr; per quart, 20; lemons, 5.0086.00; cher- ries, per quart, 10a12%. tatoes, 13.00: kets, 75a1.25; beans, 1.50; 1.00; kale, bunches, bunches, 2.50; cucumbers, 1.00: peas, peppers, 2. squash, 50a75; corn, five- 'dozen sacks, 1.25a1.50; okra, 1.00a1.25. EARNINGS STATEMENTS. NEW YORK, July 18 (#).—Granby Consolidated Copper Mining Co. had second quarter profit of, $418,099, equal to 93 cents a share, against $688,386, or $1.53 a share, in the first quarter and $1,164,813 in the June 30 quarter last ear. The net cost of lucing copper n the second quarter was 9.95 cents a pound, compared with 12.07 cents in the first period. Net income of Houston Oil of Texas and Houston Pipe Line Co. in the June quarter was $491,160 against $434,274 a year ago. Net for the first six months totalled $1,014,417, or $2.89 a share com- pared with $779.422, or $2.04 a share. Chesapeake Corporation ended the first half year with met profit of $2.- 961,189 against $1,869,863 in the open- ing half of 1929. Second quarter D leehany | Covmation. had nek I eg! ra net in- come of $2,277,268 in the six months nded Juns tomatoes, two-peck bas- cabbage, 75a1.00; string cabbage, 1.00; spinach, 00; beets, per 100 carrots, per 100 ’ood and choice, 11.00a18.25; medium, 0.00811.00; cull and , 8.00a :x 160,785 M%fi'fi'fixfif’fi “-. 785 Tt i) g East W rge, 29a30; small, phone 4l:s, General Theaters Equip- ment 6s and Warner Brothers' Pic- tures 6s. Junior ralls continued to be the most active group apart from the legals. St. Paul adjustments, St. Paul 5s, De) ver & Rio Grande Western 5s, Mis- souri-Kansas-Texas “A” 5s and Wabash 4%2s illustrated the trend with small gains. Industrials were ragged. 'Cer- taineed 53;s, Pathe 7s, National Dairy Products 53s, Dodge Brothers 6s, United States Rubber 5s and Interbor- ough refunding 5s were off. Gains were made by Chile Copper 5s, Armour of Delaware 515, Goodyear 5s, American Sugar Refining 6s, Cuban-American * | Sugar 8s and Skelly Ol 514s, (Copy: Washington Stock Exchange SALES. Washington Gas 6s A—$1 $200 at 102, b S Washington Rwy. & Elec. 45—$1,000 at Capital Traction Co.—10 at 60. No'flo‘lk‘gz ‘Washington Steamboat rts.— Al 5 Potomac Electric 6% pfd.—: 5 lomar Ele prd—2 at 1111, Potomac Electric 51 % pfd.—5 at 1071 TR %% p at107%, ashington Rwy. & Elec. pfd.—9 at 98, 10 at 98, 10 at 98, 10 at 98, 10 at 98. Natfonal Mtge. & Inv. pfd.—200 at 5, t, 1930.) AFTER CALL. Capital Traction Co.—10 at 60, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Te - e City & Suburban Georsetown Gas st 33 tomac E| 5% PUBLIC UTILITY. Tel. & Tel. (d9) Capital_Traction Co. Wash. Gas Lt. Co. (il N. & W. Steamboat N. & W. Steamboat. rts wi. d . & Ani . Balto. & Annap. pfd. .0 NATIONAL BANK. Gapital (1), . Columbla (13 Commercial ( District ¢ Federal-American (10 Liberty (7§) Lincoln (12). Metropolitan Rigss (1) nd (9¢)" " Washington (i3’ TRUST COMPANY. mer Sec. & Trust Co. (15).... Union Trus B : ‘Washington Loan' & Trust (i4). SAVINGS BANK. Bank of Bethesda (65).. . Commerce & Savings (10 hington (12). 0) Becurity Sav & Ci Seventh_Street (12) United States (30) .. Washington Mechanic - FIRE INSURANCE. American (12). Corcoran (10) Firemen's (8) National Union (i3] ‘ TITLE INSURANCE. Columbia (6h) . s Real Estate (6 ? Title & Inv. Co. Md. com......" MISCELLANEOUS. r & Ross, Inc.. com 5 7 Chase Dairy pld, y. nd & Gr d. (7 ‘Vegetables—Potatoes, 3.50; sweet po- | Mer. Tr. 2.5003.00; lima beans, 2.00a|W. *Ex dividend. Books closed. ghts. wi—When issued. BONDS. Army & Navy Club Cosmos Club_4¥as. .. Commercial Club st Metropolitan Club 4 Anacostia Bank. Chapin Sacks... Chapin Sacks 7 Chapin Sacks 87 Connecticut Pi Washington Savings ‘Bank. Wathington Base Baji Orios Woodridse-Langdon av. Bank New bond offe: this week totaled $85,700,000, com] with $146,710,000 last week and §48,501,000 & year ago. UNITED STATES. (Sales are in $1.000. Sales. High. Low. 98 100 28 102 102 25 10112 10118 10518 1082 11222 11211 FOREIGN. Bank of Chile 6% Bank of Chile 6 Bolivia 7s ctfs '69. Bolivia 8 Brazil 348 *2! Brazfl Chinese Gov Ry bs.. Colombia 6s.Jan ‘61 Con Pwr Japas Copenhagen 434, Copennagen 6s rets Cuba & Czecho 51, Denmark 4%s Denmark 5%, Denmark 6 Dutch Ea; El Salvador 8848 Fiat 7s ex war "46. ;flrnhnd 7s. heg american 7343, French 7s. French 7%, Ger 5%#'30-'35 Japanese 5% s ‘65 Japanese 634s. Jugoslavia Ba: Karstadt 6s *4. 97U 92 4 105 85 7% 95% 106% 105% 12 91 834 83 9914 102 105 105% 103 Poland 78 (rets). Poland 8. Rhine Westés 63 Rhine Wst EP 75l Rio de Janeiro ¢ Rio Gr du Sul Rio Gr Du Sul Rome 6%, b R'y’l Dutch 4% sww Sao Paulo 85’36 % | Green B & W deb, Utd Kingm 6% 104% Warsaw 7852, % 9% MISCELLANEOUS. Abitibl P&P 68 °63.. 5 Alléghany Cp Al AmIGChb%s Am Int Cor 6% 849 Am Metal 63%5'34. ., AmSmit & R 1s Am Sugar Ref 6s. . Am T&T cvé 18’39 1 Bush Term Bldg bs: Certn-Td 6%s rets. ol East Cuba Sug T%s Fisk Rubber . Gen Mot Ac Cor 6 101% 101% 105 944 99% 881 90 1% Intl Tel&Tel 65 "85, 96% Kan City P & Lt & 1 106 KanG & E 3 106%, Kendall 5% % Lackawanna Stl 5s. 101% 102 105% Loe Lorillard Lariliard 6%s. McC'rmek ER 6s°34 1 Midvale Steel Montana Pwr *43..., Montana Pwr db s Morris&Co 1sté 8. Pacific Gas & ) b PacT& T 1st Pan Amer Pete §s. pre i1 87 87 Pub Serv G 4%8°10. 23 100% 100% 100% PureOll 548'3T0ue .8 99% 99% 99% Richfield O11 Sinclair Ol 6348, Sinelair O1l 7s. Staclair Crade §48 “Transcont] O1] %8s United Drug 6s 53 " SRublistrf U S Rubber 7' Utat, Pwr&Lt Utilities Pwr 5% Walworth 6%s"35. Warn Bros P 68 49, War Quin s ‘39 Westn Union 6% White Sew Mac: ‘Wilson & Co 1st Youngstn S &T FINANC High *Low Close. 98, 97N 98 88 88 88 102% 102 104 103% 101% 101% 100% 100% 95% 954 9815 98% 10415 104% 104 103% 99 99% 106% 106% 1044 104 109% 1094 98 97w 8215 821 99% 99% 10115 101 90 88 102% 104 101% 100% 951, 981 1041 1034 £ 106% 104% 109% 98 8214 9974 100 100 10013 100% Xl 811 102% 102% 10-% RAILROAD. Atchison gen Atl Coast L 1st ¢s.. AtCL4%s"6t 0. Bang&Aroos 4s ‘51, Boston & Maine 6s. Boston & M 58 1955 Bklyn Un El 68 ‘60, Buff R & Pitts 4% Can Nat 4% Can Nat 6s. Oct '69.. Can Nor 6%s.... Canadian Pac db ¢s. Chu Ches & O 4% Ches & O 4%s B*95. Chi & Alton 9 Chi Mi1&StP 4%s B ChiM{IStP&P 58'75. CM&StP Pac adj CCCAStL 438 (E). cecssiw ia ). CubaNor5%s'42. Del& Hud ref 4s Den & Rio G en Den&RGW & DRG&Wst 6878, Erie conv 48 (B)... Erie gen 4 Erle 68, 196 Erie bs. 197 Erfe conv Ex Erie Genessee R Fla East C 58 "74... Fonda J&G 4% 53 Gr Trunk st deb §s. Hud & Man ref §s.. 111 Cent ref s 111 Cent 45’52 111 Cent 4% Kan City Term ds. . Lake Shore 4s "31. Lehi Val con Lehigh Val con ¢%s L& N un . L &N 4%82003 ManRy 1st 48°9 Mill El Ry&L 6 M StP&SSM con 4s. M St P&SSM 6% M StP&SSM 6 . 12 104% 104% 9% 96% 94% 100 96 100% 101% 103% 105% 110 104% 89% 100% 99 894 974 103% 2% 97 9615 96% 103% 10314 13 9% 94% 1100 100 9 9 951 5 100% 100% 94 101% 101% 12 104% 103% 1 105% 105% 2 110 110 1 89% 89% 3 1034 103% 25 924 92% 6 97 9674 1 103% 103% 9 103% 103% 3 117% 117% 41 88% 881 189 99 T 103% 102% 4 102% 102% 30 100% 100% 5 104% 104% 2 108% 103% 5 52 23 85 98% 98l4 2 104% 104% 1 100% 100 8% 2% 86% 54 93% 94y 93% 9 b - 2 4 % 3 100% 100% 5114 113 2 45% 45% 8 26% 26% 11 106% 105% 1 105% 1056% 1 110% 110% « 10 110% 110% 25 1 25 100 99% 99% 4 94 93% 2 92% 92% 4 101% 101 2 110% 110% 13 98% 98y 10 62% 62 3 96% 96% 5 100% 100% 5 92% 92% 4 100% 100% 4 9015 90% 1 100% 100% 1 97 97 L a7 99% 99% 4 4T% 47 12 101% 101% 15 89% 89% 1 R3% 83y 3 92 92 v 30 100% 100 15 103% 103% 11 78% 8% Mo Pac 58 G *78. Nash Chat&StL ¢s.. Nat Ry Mex 4s°7 NYCA&StL6s"33.. NY NH&H ¢%s 67 NY &H NY Sus&Wn bs 37. NYW&B4% Norf&Sou gn 58’5 Norf & Wn con . Nor Pacific 3s 2027, Nor Pacific és. ... Nor Pacific 6 (D) Nor Pacific ref 6 Pere M 4%s 193 Reading %A RIArTk& L 4%s. StL & SF pl 4s StL&SF ¢%s StL&SanF 55 B StLS Weonds'ss .. Sou Pac 4 %8 reta Sou Pac 44 %'6) ww Sou Rwy gen s a) Tol StL & W 4¢ Union Pac 1st 4s.. Union Pac ¢s Un Pac 1st ref 4 Union Pae 4% Un Pae 1 f virgina Ry 1 Va Ry & Pwr b e 38 980% 1 1015 101% 54 101 100% 7 100% 100% 7 101% 101% 3 82K 82y 192 92 13 994 99y 10 100% 100% 4 107% 10734 6 981 98l 98 1 100% 100%/100% 29 97% 96% 97 6 101% 101% 101% 3 102% 102 %102% 2 9% 93% 94 2 1228 122% 122% 13 6 6 6 10 82 2 3 1 7 18 93% 8 105% 1 2 113% 113% 6 96 96 66 96% 96% 3 101% 101% 25 101% 100% 93% 105% 118% 26 9615 101% 100% 101 109% % 05% 15 101 101 1 109% 109% 46 1044 104 6 1098, 109% 2 98l 9Nk 2 98y 98% 3 99% 99 2 99% 99% 5 1007 100% b 98t 984 90% 53 93u 928, 7 1024 102% 21 100 6 901 32 41231 123 2 90% 90% 5 105 105 116% 123% 90% 105 102% 8 9T 97 13 91K 91% 2 924 924 5 99% 99l 5 109% 109% 2:105% 105% 9 101% 101% 31 93 92% 101% 93 102 % 100% 104 84l 1AL, EASTERN PRODUEE. PRIGES ARE LOWE Crop Conditions Generall) Favorable, With Shipping Seasons a Little Late. Crop _conditions _continue generall favorable in the States along the Norti Atlantic Coast, but there are iricreasin; complaints of dry weather in the Soutl and West. Market supplies in car loy are ample in most lines, although ship ping seasons continue a little later thai in 1929. Prices, as a rule, are lowe than a year ago. Potato prices have shown some re covery since the middle of the month with more moderate shipments fron important Eastern producing sections Supplies are reported moderate in mos [Eastern markets, demand fair and prici trend slightly upward. Virginia East ern Shore stock selling at $3 to $3.5/ a barrel in the large markets show gain of 25 cents since the middle a July, and the price ruled $2.75 in pro ducing sections. Long Island and Nev Jersey cobblers sell at $2 to $2.25 pe 100 pounds in New York. This stock % likely to be marketed slowly as long & prices_continue so far below last sea son’s Midsummer level. Prices showey a slightly upward tendency in Midwest ern markets and producing districts. 4 sale of old crop Maine Green Mountainy was reported in Baltimore at $2.50 pe 100 pounds, probably one of the sea son’s last sales of old stock. The potato crop promises good yiel( so far, although some injury has beel reported from drought this month. Pz capita production_would be about 3. bushels, according to July 1 report. Th potato season is shaping up much ik that of 1927, which was a time of mod erate production and prices. Prices Have Recovered. Eastern potato markets are domi nated this month by the Eastern Shon output, now lupposecll about two-".mm. completed. Expectations were for mov‘e)m!n! slightly below the 20,000 car loads shipped last season, but dr weather during the first half of Jul may have affected conditions in som: districts. Prices have recovered 5/ cents per barrel from the lowest of mid July. 'I!(he cucumber crop around Salisbury Md., was showing effect of dry weathe the second and third weeks of July an/ shippers were expecting speedy end q the local season under prevailing cond} tions. Shipments contineud moderatel heavy and prices nearly unchanged fa stock of good quality, A large propor tion of the output was below best mar ket grade because of the continued weather. Average returns to grow! were near $1 per bushel. Midseason onion shipmens are in creasing, with daily totals of 100 to 15 cars. Eastern markets report generall moderate receipts and rather slow trad( Boston received two or three carloads o Spanish onions. Several Eastern ship ping sections are increasing onion ship ments gradually. Massachusetts ha been sending out about 25 cars dail since the middle of the month and Net Jersey shipments average about & dofi daily. Eastern Shore yellow onions in city markets mostly at $1.25 a bush{ and New Jersey yellow stock at $1.25 % 1.50. New York yellow onions sell § $2 to $2.50 per 100 pounds and whiti varieties are $2 to $3. Massachuset{ onions, mostly Japanese sets, sold & $2.40 to $2.50 in Boston and were re ported at $1.90 to $2 in Connecticy Valley producing sections, with deman light at shipping points and market dul d planting is general in th ‘main crop onion sections. Indiana le: with 9,650 acres, followed by New Y and Ohio. Jnly crop conditions wexn generally favorable. Sweet Pétatoes About Average. Condition of the sweet potato crop July suggests rather poor yield per but the increased planting this seasol would bring the production about & average of recent years. Early sales q Southern sweets were reported at $L per barrel in mid-July. ‘The heavy planting of field beans an favorable growing conditions indicat production possibly 20 per cent ahea of last season and nearly one-third mon that the five-year average. The in creased production may be partly offse by reduced imports under new rates, especially if prices are mot hi enough to attract outside supplies. Northern and Western tomato in 13 States shows increase of al one-sixth above last season and one fifth more than the five-year averagy The gains are quite general, inclu increases of moderate extent in N York, Pennsylvania, Delaware, Ohi and Kentucky. bined acreage a the late crop is the largest since 192 Shipments of midseason tomatoes haw been increasing. Prices tended upwan slightly in Northern markets, but ship rs received scarcely more than one If the price of a year ago. July con dition of the tomato crop showed con siderable improvement over June fig ures and percentage was about th same as a year ago, but dry weathq since the reports were issued has re duced the prospects in some districts. ‘The watermelon acreage in the lat shipping States increased 30 per cen compared with last year and total melo acreage is largest on record. Shipment are still extremely heavy from Prices in Northern markets are abou $100 a car lower on some sizes comparey with last season. Condition of the croj for July was about average and nearl the same as in June, but somewhat bet ter than in July a year ago. Apyple Market Improving. Early appies are in moderate suppl and market quality is improving wit! the progress of the season. New Jerse Willlams sold at $2 a bl 1 in Boston Midwestern Oldenburgs brought $2.50 4 various markets, but general range a Transparent and other early varietia was $1.25 to $1.75 in Eastern markets Although the commercial crop promise to be nearly the same as in 1929, thy indicated production in the North At lantic region is nearly one-third large than that of a year ago and slightl more tham average. The light crop o Baldwins, the leading variety in Ney York State, affects the prospects for th late market. New Jersey and Penn sylvania expect crops exceeding five year average and New England promisa an output larger than last year or th average, but the Southern and Mid western crops are short. Prices alread; range somewhat higher in the Middl ‘Western markets than in the East. Although the peach crop is possibl: equal to that of 1929, more than hal the indicated production is in Cali fornia, which fact places good Easter peaches in favorable position. Ney York has a better than average cvop likewise New England, but condition are rather unpromising in New Jersey Pennsylvania and the Middle Wes{ Shipping season has advanced as fa north as North Carolina. Hileys fron that State brought tops of $5 in Ney ‘S'{olrk gl}y o‘n slr)‘(;dwkcme.l cnt:?u in mid uly. Sales in producing sect ra $2.50 to $3. o About half the curpént supply of car lot lettuce is from New York State Supply’ and demand is reported moden ate in leading markets, with prlc; slightly lower at a wide range of cents to $1 per erate. Lettuce of fai g{:?emy sold at 50 cents or more in mos s, DUTCH VOTE TO LIMIT CURRENT RUBBER CROF AMSTERDAM, * July 18 (#).—Dutck rubber producers, mecting here yester- day, adopted, 103 to 18, a_proposal of the joint committee of British anc Dutch producers to negotiate with the Dutch-Indfan government for restric. tion of all pi rs, including native to 75 per cent of the 1929 ecrop. Bave six days ‘. Wiich ‘o withdee W b v