Evening Star Newspaper, August 3, 1930, Page 70

FIN -~ STOCKS HOLD FIRM "IN DRAGGY MARKET Leaders Register Slight Up- turn as Short Interest Cov- ers Commitments. BY CLAUDE A. JAGGER, Associated Press Financial Editor, NEW YORK, August 2.—Disgusted with the cranky stock market, traders all but ignored it today, and share prices reflected little but the closing out of short contracts by bear traders anxious to be clear of commitments over Sunday. A better tone in the utility shares, which were under considerable bear pressure yesterday, Was an encourage- ment to such speculators for the Tise s bothered to look at the ticker tape. Leading shares, both in that group and in the industrials, worked a point or #0_higher. Traders could not find a clue in the | conflicting and uncertain week end trade and business reports on which| to base operations. Even the mercan- title services were. in disagreement. Dun's reported some improvement in retail distribution, but Bradstreet's said its repcrts indicated that both whole- sale and retail trade were quieter. News from the motor industry was a little more cheerful. Walter P. Chrysler issued a statement expressing the belief that the turn for the better | had appeared. On Monday, several f lants, including those of Ford, which d been shut down for two or three ‘weeks, are scheduled to resume opera- tions. Estimates of steel mill activity for the next week do not indicate any considerable acceleration, but at least there is no suggestion of further reces- | s ANCIAL Business Notes | By the Associated Press. NEW YORK, August 2.—Anticipating a general ' stiffening of commodity prices, purchasing agents for industrial plants are preg:rlnf to enter the mar- ket to cover their future requirements, during the next few weeks, it was re- | ported in the trade in New York. - The belief is general among that most of the raw commodities have touched their lowest price levels and will start to swing upward under the impetus of even & small buying move- ment. A definitely better tone is reported in electrical equipment business in_the Eastern district and a definite turn is | anticipated within 30 or 60 days, Elec- | trical World reports. Smaller electrical | apparatus is moving satisfactorily in | the Middle West. The Southwest and the Pacific Coast reports many large industrial projects and buildings in prospect and the general outlook is ex- ceedingly gratifying. July has_brought mno recovery to business in Europe, the Business Week ays in a survey of business abroad. “Rather,” the survey says, “business has lost ground virtually everywhere, according to month end reports.” 100 STOCKS GAIN 57 PCT.IN MONTH Issues Same as in Middle of January and 13 Pct. Under March Highs. Special Dispatch to The Star. NEW YORK, August 2.—The market value of 100 representative common n. There is no money market on Sat- urday to give an indication of credit | trends, but_the monthly survey of the| New York Federal Reserve Bank made | its appearance and indicated contin- | uance of satisfactory conditions in both credit and banking. An investigation | of 118 country banks in this district | failed to bear cut rumors lhlisuch banks have been carrying a $krious volume of frozen loans. Of this num- ber, 92 had either no loans under- collateraled, .or a&_megligible amount; only 9 had from 5 to 11 per cent of their loans lacking in adequate col- lateral. teral. Such shares as U. S. Steel, United Corporation, American Can, American Water Works, American Telephone, Electric Power & Light, North Ameri- can, Radio, General Electric, Alr Re- duction and National Biscuit gained a point or so, while Consolidated Gas, a soft spot yesterday, railied 2. Inger- soll Rand, Union Pacific and Auburn Auto mounted 3 to 5. On the other hand, U. S. Industrial Alcohol, Sears | Rosbuck, American Tobacco, Houston Oll and Byers lost a point or two.| ‘Warner Bros. duplicated the year's low at 3515, then rallied a little. Total sales were approximately 350,- 000 shares. The closing tone was firm. MOODY BELIEVES TURN IS NOW NEAR Better Fourth Quarter, With Sharp| -Recovery by Winter, Fore- cast by ‘Economist. " “We see no conclusive signs as yet that business will stage a strong im-| mediate revival, aljbough we are al- ready very near the turning point”| says Moody’s Reylew. “Inventories of goods are being redyced but slowly and commodity prices have not yet shown definite evidence of stabilization. Em- ployment, and particularly pay rolls, continue to fall, and further pressure may be exerted on wages. Depression in other countrles, while not becoming ‘worse, is still acyte end conditions in the long-term capital markets do not favor an immediate improvement. ‘Nevertheless, the corrective process | in inventories, retail prices, labor costs | and capital costs has progressed a con- siderable distance. A similar correc- tive process in wholesale prices and re- duction of basic materials has become very drastic. At the same time, dis- tribution of goods to consumers has been relatively ‘well maintained, while our banking system—in spite of some post-inflation abnormalities—is fully | capable of financing & commercial ex- | pansion of almost any reasonable lati- | tut de. “The balance of all these factors, to- gether with the approaching movement of crops, favors strongly a revival of at least full seasonal magnitude begin- ning next month. Once this revival gets under way, it is expected to gen- erate a chain of favorable develop- ments, leading to a definitely more- than-seasonal improvement in the fourth quarter of the year and a sharp recov- ery by Midwinter.” S e FOREIGN EXCHANGES. (Quotations furnished by W. 8. Hibbs & Co.) Nomiral gold Selling checks | value (orpar). _today. $4.8665 34.87% 22538, 28a Warsaw, Copenhagen. lo, crown. Btockholm, HOW IS B BERELHEE, aBEY : 2681340 26.91%4c stock issues at the end of July was $30,059,632,000, compared with $28,445,- 027,000 on June 30, an Increase of $1,604,605,000, or 5.7 per cent for the month, according to Frazier Jelke & . The 100 stocks now are appraised at about the same amount as at the mid- dle of January of this year, having de- preciated 13.7 per cent below their March 31 highs and advanced about 2 per cent over the December 31, 1929, level. As compared with its bull mar- ket peak, the group is down about 30 per cent, while it is about 25.1 per cent higher than on November 13 of last year. A year ago, on July 31, 1929, the 100 stocks were selling at $39,- 325,578,000. Largest Rise in Motors. ‘The largest rise sustained last month was in the motor group, which ad- vanced 123 per cent, and the next largest gain was in the electrical manu- facturing stocks, which jumped 12 per cent. Other gains were 6.2 per cent in the amusements, 6.1 per cent in the oils, 5.1 per cent in the utilities, 5 per cent in the retail shares, 4.9 per cent in the rails, 42 per cent in the miscel- laneous industrials, 3.7 per cent in the steels, 3.2 per cent in the equipments, 2.4 per cent in the foods, and 1 per <nt in the chemicals. The mines were the only group to decline, losing 1 per cent during month. Of the 100 issues, 69 registered sub- stantial during the month, while 18 were lower at the end of July than at the end of June. Extent of Price Changes. The following table shows the extent of price changes by groups during the month of July: P ag wiZanosl [ eennatasta Equipments 5 Electricy avmnBunl d 5 Amusements Totals *Revi WEEKLY EARNINGS REPORT. NEW YORK, August 2 (¥).—Per share earnings of corporations report- ing this week, with comparisons for corresponding periods a year ago, in- clude: unitea” Siates Bieel. 18 11 Bethiehem 8 4.4 Res F. Stude! Chyde Co. . Uniled Atrcraft eneral Clgar Fairbanks Morse . Real Siik_Hoslery Wester_Dairy Produc Inland Steel .. National Cash Resister. United Gas Improvemeni. Independent Oll & G Btandard Oil of Coca Cola Markets at a Glance NEW YORK, August 2 (#).—8tocks, firm; leaders rise in sluggish trading. Bonds, convertibles advanced with stocks. Curb, firm; active issues move narrowly. Foreign exchange, irr sterling eases. Cotton, higher; unfavo; 223! SSEatEaEs: able weather and covering. Sugar and coffee, holiday. CHICAGO, August 2 (#).—Wheat, easy; poor export demand and hedge selling. Corn, steady; bullish weekly weather forecast. Caitle, steady. Hogs, steady to lower. USINESS? Showing Current Business Activity Compared With Same Week Last Year. York City. Shaded are: previous year. LEADING B, Showing trend of Business in dollars (checks cashed) Employment (Department of Labor) (Department of Labor) ... living (Industrial Conterence le prices (Fisher's Index) r (Department of Agricultu Black areas indicate declines from same weeks 12 months earlier, ACTIVITY BY FEDERAL RESERVE DISTRICTS. AROMETERS, important factors. Present trend. Downward Board WEEK ENDING AUGUST 2, 1930, Lant Week. Joar to Date, High. Low. lieh. " Averageprice of 50 stocks, 237.60 233.22 245.60 179.12 Same period & YOAZ BEO..euccnernrnneae.. 288.44 226.77 Tast Week, Year te Date. +11,480,550 542,097,120 21,181,150 628,699,640 Stock and divid 2 42 22 Abitibi Pwr&?l‘.‘.‘.‘...."!'fi‘“fi e 8615 6474 Abitibl Pwr & Pa pf (6). 75% Tb% 6 472 Abraham & Straus. . 4T% 4T% Abram & Straus pf (1).. 108 108 27% 26% Total sales .o Same veriod & Year ago... —1930— High. Low, ' 21% Adams Express (1.60)... 854 Adams Expr’'s pf (5) 23 Adams Millis (3).... 29% Addressograph (1%) 8 Advance Rumley. 15% Advance Rumley 14 Ahumadsa Lead. 103': Air Reduction (3). 16 Air Way El Ap(3% 1 Afax Rubber. 4% Alaska Juneau. 8 Albany Perf W 18 Allegheny Corp. ..... &7 Alleg Cp w $30 war (534 ) 89 Alleg Cp W $40 war(53) 55 Allegheny §teel (12.30). 232 Allled Chem & Dye(n$). i 121 Allied Ch & Dye pf (7) 48% Allis-Chalmers (3).. 23% Alpha Port Cement (2) 18 Amerada Corp ¢2) 4% Am Agricul Chem...... 23 Am Agricul Chem pfa. .. 68 Am Bank Note (13).. 61 Am Bank Note pf (3) 515 Am Beet Sugar. .. 27 Am Bosch Magneto. ... 41% Am Brake Shoe (2.40). 118% Am Brake Shoe pf (7) 8% Am Brown Bov Elec. 6015 Am Brown Bov El pf(7 1081 Am Can (4). +1 #r F¥ [RREES Yoo 7 [N} 'Y # HEEEHI0E D4 2 EREE SRR 36% Am Chicle (13). 9% Am Comm Alcohol. 15 Am Encaustic (1) 33% Am European Secur. 56% Am & Forn Power. . 95 Am&Foreign Pwr pe(6). 106% Am & Forn Pwr pf (7)., 921 Am & Forn Power 2d pf., Am Hawalian S8 (110),, 3% Am Hide & Leather.... 17% Am Hide & Leather pf. 55 Am Home Prod (4:20) 31 Amlce (14). 78 Am lce pf (6). . 28% Am International (2)... 1% Am La France & Foam. .. 20 Am La Fr & Foam pf. ... 43% Am Locomotive (4). 1181 90 Am Locomotive pf (7). 2843 180 Am Machine & Fdy (7 421 367 Am Mach & Fy new w.i... 14 9 Am Machine & Meta] 511 80% Am Metal Co (1%)... 95 65 Am Natural Gaspf (7). 80% 48% Am News (J14).... 19% 107 85 terivn +1 R g +1 Am Po & Lt pf A sta(5). 23% Am Rad & Std San(1%).. 15% Am Republies...... .00 +i+t000 35% Am Steel Foundries (3). 110% Am Stl Foundries pf (7). 4215 Am Stores (2) 47 Am Sugar Ref 103% Am Sugar Ref pf 9% Am Sumatra Tobace 200% Am Tel & Tel (9). 197 Amer Tob B (112) 120 Am Tobacco (new). 197 Amer Tob (t12).. 118 Am Tobacco B(new). 120 Am Tobacco pf (6). 113 Am Typefounders (8) 106 Am Typefounders pt (7) 78% Am Water Works (n1)., 99's Am W W & E 1ist pf (6) 7% Am Woolen... 19% Am Woolen pf.. 29% Am Writg Paper pf (4) 6% AmZincL&S... 50 AmZincL&Spf (6 44% Anaconda Copper (3%) s 26%5 Anaconda Wire & C 13%) 34% Anchor Cap (2.40).. 18 Andes Copper (1%) Da 112% 44 5% 107 o+ Phi4+4000 + +1 74% Armour of Del pf (7 4% Armour of 111 C) 2% Armour of 111 Cl 55 Armour of Ill pf 6 Arnold Constabl 31% Assoc App Ind (4) 28 Assoc DG (23%) 85 Asso Dry Gds 1st pf (6). 3214 Assoclated Ofl (2) 194 Atch Top & S Fe (10)... 102% Atch Top & S Fe pf (5). 145 Atl Coast Line (110). 30% Atlantic Refining (12).. 101 A 25% Atlas Stores (n1) 91 Auburn Automobi 24 Austin Nichols pf Austin Nichols pr B, ) e0se & Co. Autosales Corp pf. ... © 37 Auto-StSafRA (3). 4% Aviation Corp of Del. 19% Baldwin Locome (L15)- 30 ~ 24%7727% 107% 106 107% . 107% 102% 104% 78% Baltimore & Ohio pf (4). 841 83% 84w 63 Bangor & Aroos (3%)... 72 13% Barker Bros (2).. 13% 20' Barnsdall, A (2). 23% 48% Bayuk Cigar (3)... 50 97 Bayuk Cigars 97 67% Beatrice Creamery (4). 8214 101% Beatrice Creamry pf (7). 106% 106% 106% b6's 53w 53% o 4 79% Belg Nat Ry ptpf(5.43). 81 80% 57% 27% Bendix Aviation (2). a3% 81n 564 31% Best & Co (2) AB% 4% 110% 75% Bathleh: Bteel (6)...0v 84% 80% 122% Betblehem Steel pf (7)., 128 126% 128 41% 31 Blaw-EnoxCo (1%).... 35% 5 35% 99 Bloomingdale Brs pf (1) 929 33% 19 8% AR A R NN EXFER FFE F srFed 50% 2% Borg Warner Corpn 112 79 Boston & Maine (4) 25% 13% Briggs Mfg Co... 35% 21 Briggs &Stratton 22% 12% Brockway MT 78% 58% Bklyn-Man Tr (4. 94 84% Bhly-Man Tr f (6) 661 53 Bklyn & Queens T pf 178% 115 Bklyn Union Gas (5) 42 37% Brownp Shoe (3) 30% 13% Bru 33% 5% Bru 31% 19% Bueyrus £rie (1).. 33% Bucyrus Erleey (2%).s 107% Bueyrus Erfe pf (7). 7% Budd (EG) (1).. 27% Bullard Co (1.60) 26 Bulova Watch (3). 15% Burns Bros, B .......va 51% 20% Burroughs Add Mch(1). 48% 29% Bush Terminal (3%)... 110 99 Bush Terminaldeb (7). 118 109% Bush Term Bldg pf (7).. 4% 2% Butte Cop & ZInc (50¢) 29% 134 Butterick Co. . 112% 66% Byera (A M). 114 109 Byers (A M) of (T)... 7% 60% California Packing (4) 2% 1 Callihhn Zinz & Lead. ... 89% 48% Calumet & Arizona (2).. 33% 13 Calumet & Hecla (a13%). 16 Campbell W&C Fdy (2). REER RS R RN P SRS AREERE ti+1+1 014010 +1 R (BESSEIRENE S 30% 23% Cent Aguirre Asso 815 230% Cent RR of N J(+12) 65% 43% Cerro de Pasco Cop ( 15% b% Certain. teed 4 464 20 Certal 1 . Stoek and 89% 66 Chicago& N W (5). 140% 130%~Chicago & NW pf (7). 37 11% Chicago Pneu Tool...... 55% 43% Chicago Pneu T pf (3%) cummmfir“(;). 2 Chickasah Cotton Oil. 49% Childs Co (2.40). 24 Chrysler Corp (3). 38 City Ice & Fuel (k3.60).. 83 City Ice & Fuel pf (6%). Cluett Peabody (5) 91% Cluett-Peabody pf (7). 133% Coca-Cola (8) ) Colo & South 1st pf (4).. Col Gas & Elec (2) 4 Col Gas & Elec pf A Col Graphophone (a28¢) Columbian Carb (16) Com Credit 1st pf(6%) 4 Com Cred 15t ex w 63, Comm Inv Trust (g1.60) Com Invest Trust war... Comm Inv Tr pf (6% Comm Inv Tr ev pf ( Comm Selvents (21). 28% Comwlth & Southn (60c) . 14% Comm & Southn pf (6).. 101% Conde Nast Pub (2). 40 Congoleum-Nairn. 13% 30 Consol Film Ind pf (2) of NY (4) Consol R R, Cuba pf(6). Consol Textile.......... Container Corp A(1.20). Container Corp, B. Contl Baking, A. Contl Baking, B. 54% 1 14% 5 Contl Insurance (2.40) Continental Motors. A Corn Products pf (7) Coty, Inc. .. Crosley Rad Crown Cork & Seal. Crown Zellerbach (1) Crucible Steel (I -Amer Sugar Cuban-Amer Sugar pf... Cuban Domin Sugar.... Cudahy Packing (4)..... Curtis Pub Co(16%). Curtis Publsihg pf (7) Curtiss Wright....e.e0. % Curtiss Wright (A). Cushman’s Sons pf (1 Cutler-Hammer (3%). % Davison Chemical. . .... DeBeers Mines (al44)... Deere pt (new). . 1 Denver & Rio Gde W pf.. Devoe & R, A (2.40). Diamond Match (8). Dome Mines (1). Dominion Stores ($1.20). Drug Ine (4). Dul So 8h & A Dunhill Internatl (34, Duplan Silk pf (8).... % Du Pont de Nem (14.70). du Pont de Nem pf (6).. Duquesne Lt 1st pf (5).. Eastern Roll Mill (ht2). astman Kodak(18)....:2 aton Axle & Spr (3) Elec Auto-Lite (6).:.. Blec Auto-Lite pt (7). Electric Boat. . Elec Pwr & Lt (1), Elec Pwr&Lt pt (6). Elec Pwr & Ltpt (7)., Electrio Storage Bat(§ Endicott-Johnson (5). .. Eng Publio Serv (2.40).. Eng Public Serv pf (5) Eng Pub Serv pf(5%)... Equitable Office Bldg (3) Erie Railroad seeee Erle Railroad 1st pf (4). ErleRR2d pf (4)...... Eureka Vacuum Cleaner Evans Auto Loading..,, Exchange Buffet (1%) Fairbanks Co. Co Fairbanks Morse pf (7). Fash Park Asso... Tashion Park pf (7). Fed Lt & Trac ($1%). ) First Natl Stores (2 Fisk Rubber. e 11 Foundation Company. 28% Fourth Natl Inve 16% Fox Film (A) (4). 37 Freeport, Texas (1§ 6'% Gabriel Snubber (A) 78% Gen Am Tank Car (34) 38% Gen Asphalt (4). “) 112} Gen Cigar pt 115 Gas & Elec pf A(8). 341 Gen Ital Edison (a2.62) 404 General Mills (3). 37% Gen Motors (13.30). 925% Gen Motors pf (5).. 814 General Outdoor Adv, 24 GenOutdAd A (4)...... 30% Gen Public Service (b) 75% Gen Railway Signal (6).. 11% Gen Realty & Utilitles. . 65% Gen Refractories (4114): 98 Gen St Cast Corp pf (8. 30 Gen Theater Eq vto. 63% GHllette Safety Ras n Glidden Co pr pf (7). 84 Gobel (Adolf). .. 47% 344 Gold Dust (2}4).... 116% 101 Gold & Stock Teleg (8).. 58% 224 Goodrich (B F) (4)..... 104% 78 Goodrich (B F) pf (1) 54% Goodyr T& R (6)... 90 Goodyr T & R 1st pf(7). 8% Gotham Silk Hoslery . ... 70 Gotham Hoslery pf (1).. 65 Gotham pf ex war (7)... 6 Gould Coupler.....cseen 5% Graham-Paige Mot...... 5% Graham-Paige Mot ctfs. 18 Granby Consol Min (3).. 80 Grand Silver Strs (m1). 10 Grand Union.. %) 18% Great West Sug (1.40) 110% Great West Sug p? (7).. 65 Greene Cananea (3).... 124 Grisby Grunow. . + % Guantanamo Sugar. 28% Gult Mobile & North: 26 H: sack Water(1%) 26 Hackensack pf A (1%).. 12% Hahn Dept Stores. . 71% Hahn Dept Stra pf(6%). 21 Hall (W F) Print Co (3) 47% Hamilton Watch ( 85 Hanna pf (new) (7) 50 Harb Wkr Refrac (13%) 524 20% WMA(&-- {ll 10% Hartmen Copp, B (1.30)s 144 26% — 2W 14% 101% + % 39% + W 18% — 14 57T - 2% 4 - U 20% = 1% 24% = 1% 61% + % 26 ~ 2% 14 244 168% — 1% 100% + 109% + % - 1% 8 - % 674 ~ % 2% - 4 8% - W 8% — U 33% — 1% x83% + 1% 114 — 1% 0% ~ W 16% — 1% 9% Helme Geo H pf (7). Hercules Powder pf(7). 120% 120 Hershey Choe (5)....... 97 94 Hershey Choc pf(15) 102 100% Hershey Choc pr pf (6). 107% 107% Hoe (R) &Co... g | R T Holland Furnace (e2t%) 33 2% Hollander A & Son R, } Homestake Min (17).... T8 8 Houdaille-Her (B) 1.20.. 12% 114 Household Finan pf (4). 62% 62% Houston Oil (b10%) Howe Sound (14%)..... Hudson & Man Ry (3.50. Hudson & Man pf (5)... Hudson Motor Car (5).. Hupp Motor Car (2).... 1llinots Central (1) Iilinois Central pf (8 % Illinots Cent Isd In (4) Independ Oil & Gas (2). Indian Motor Cycle Indian Refining. i Indus Rayon (b5% stk). Ingersoll-Rand (15).... Inland Steel (4)........ Inspiration Copper (2).. Insuranceshares (45¢).. [nsuransh ctfs(Md) 60c.. Interboro Rapid Transit. intercontinental Rubber Int Business Mch Intl Carriers, Ltd (%) % Intl Cement (4). Intl Combustion Intl Harvester (2% Intl Harvester pf (7 Intl Hydro Elec, A (e! Intl Match pf (4) Intl Mer Martne (2). Intl Nickel of Can (1)... Inter Nickel Can pf (7).. Intl Paper pf (7)........ Intl Papr&Pwr, A(2.40). Intl Paper & Power, B. ., Intl Paper & Power C... Intl Printing Ink (3), ... Inti Printg Ink ctfs (3).. Intl Rys of Cen Am..... Int Rys. Cent Am pf(5). Int'l R.R. of Cen. Am: ef Intl Salt (new) 106% 106 48% 45% Interstate Dept 8(2).... 26 23 Inter Dept § pf x-w (7). 74% T4'% Intertype Corp (2) 26 25 Investors Equity ( Island Creek Coal (4). Jewel Tea (14)... 121% 121 2% 1% 63% 3% 66% 66k 8% 8% 25% 24 112% 112 4 Jones & Laughlin pf(7).. Jordan Motor Car. % Kansas City Sou (5) Kansas City Sou pf (: Karstadt (R) (1.03).. Kayser Jull Keith-Alb Ki Kendall Co pf(16.37) . Kennecott Copper (3). Kimberly-Clark(18) Kinney (G R) pf (8) Kolster Radio. .. 4 Kresge (8 8) Co(1.60) Kresge (S §) Co pf (7)., 4 Kresge Dept Stores Kresge Dept Store pf. Kreuger & Toll (1.60) Krog Gr & Bak (nl) Lago Oll & Transport. Lee Rubber & Tire. . Lehigh Port Cem (2%).. Lehigh Port Cm pf (7).. 1 Lehigh Valley Coal Co.. Lehigh Val Coal pf (3).. Lehman Corp (3). Lehn & Fink (3). . Lib'y Owens Ford G1(1). Liggett & Myers (15)... Liggett & Myers B (15). Lima Locomotiv ink Belt (2.60)... Liqtiid Carbonie (4 Loew's, Inc (3). Loew's Incpf xw (6%4). Loft Incorporated. Long-Beil Lumb Cl les Bis (12. Ludium Steel (2)... MacAndrews&F pt(6) McCall Corporatn (2%). McGraw Hill Pub (2)..a McIntyrePorcMines(1 MeKeespt Tin Pl pf(15) McKesson&Robbins(2). MeK: &RptA(I%) McLellan Store: Mack Trucks (6)......e Macy (R H) & Co (tn3) Madison Sq Gar (1%) Magma Copper (4) . Marmon Motor (h50¢). .1 Marshall Field&Co(23%) Mathieson Alkill (2). ... Mathieson Alkall pf(7).. May Dept Stores (n2)... Maytag Company (12) tag Copf w w (3) Melville Shoe (2). Mengel Co (2). Metro-Goldwin p! Mexican Seaboard Miami Copper (1% Michigan Steel (h23%) Mid CONtinent Pet (2) .. Middle States Ofl etfs. Midland Steel (3). Midiand Steel pt (3) Mil El Ry & Lt p£(6). Min Hon'w Reg (14) Minn, MolPwr Imp. Minneapolis & St Lou MinnStP&SS M1, Missourl Kan & T (2).., Mo,Kan & Texi Missourl Pacifie. Missour! Pacifio pt (6).. Mohawk Carpet........ Monsanto Chem (£1%). Montgomery Ward (3).. MoonMotors. ... . Morrell & Co (4.40 Mother Lode (2 Mullins M( ‘o Mullins Mfg pf (7). Munsingwear (14) . Murray Corp (b2% stk). .1 National Acme (134)... Nat Alr Trlafiwrt B 93 149% 142% 831 42% Nat Distiile National Lead (18). Natl Lead pf A ((7). Natl Lead pf B (6) 2 snll Power & Light (1). 57 105 100% North Ap Edison pf lfl' 414 North Ger Lioyd (3.48) w PL4+0 004000000y ++1 +i414+10002) LI+ 4+t+ 0+ (IR SN SRR AR RN N VIF IR 4+ 440+ + FUOLUIEVIE+40 00 i+ Foli+rpi4n (NN i+ Fref+taatdsann EAE N REE S - G L EEE FEREE FFFT o . AEE FF - FERF A NN | - “ry Feex - FEEL ——1930— 1 Wieh, Low. 8 and di 97 66% Nortnern Pacifis (6 50% 42 Northwestern Tel (3) 4 % Norwalk Tire & Rub 9% 0Nl Well Suppty. .. 86 Ofl Well Supply pf (1).. 18% OliverFarm Equipment. 90% 70 Oliver Farm Eq pf A(6). 46% 27 Oliver Farm Eqev (3).. 8% 2% Omnibus Corp. 80% 55 OtisE 128 24% 107% 34% [ ¢ 60% 45% Owens Ill Glass ( 19% 7 PacificCoast......... 74 52'% Pacific Gas & Elec (2) 107%. 72 Pacific Lighting (3).. 30 204 Pacific Miil 130 Pacific Tel & Tel (7) 12% Packard Motor (1). 51% Pan-American Petrolm.. 50'4 Pan-Amer Pete (B)..... 4% Panhandle Prod & Ref. . 47% Panhandle Pra&Ref pf.. 48% Paramount Publix (4).. 17 Ptrk&'h':!ur‘ 33). tah. 6% 69% Penna Railroad (4! 325 230 People’s Gas Chi 48 4 22 22 101% 101 4 18% 18! 76 8 30 4 124% 106 48 T%h 55% T4% 20% 138 266 97 94% Pere Marg prior pf (5).. 27% 18% Petroleum Corp (1%) b4 21% 174 Pet Milk (1%) 44% 29% Phelps-Dodge (3)... 9T% 9T 20% 20% 18% 18% 35% 33% 18% 224 19 Phillips-Jones Corp. 66% Phillips-Jones pf (7)...: R4 Philip Morris & Co (1).. 29% Phillips Petrolm (n2) 80: Phoenix Hoslery pf (1) 68% Plerce-Arrow pf (6) R on 193% Pitts Steel pf (7). 16% 7 Pitts Terminal Coal 22 20% Pittston Co (37%¢) 34% 20% Poor & Co (B) (2) 30% 25 PRAmTobA (3%). _2T% _ 9 Porto Rico Tobaccs tsuee 54 " 35% Prajrie Ol & Gas (2). .. 60 44% Prairfe Pipe Line (15).. 16% 6% Pressed Steel Car....... 50 Pressed Steel Car pf (7). 52% Proctor & Gamble (2.40) 11% 6% Producers & Refiners. .. 123% 8115 Public Serv, NJ (3.40)... 98% 98% 91% Public ServNJ pf (5)..: 95 112% 106% Public Serv NJ pf (6).. 111 1 112 107% Public Serv E&G pf (6). 109% 1 8% 62 Pullman Corp (4) 71 8% 14 Punta Alegre Sg: % 1% % Punta Alegre Su % 27% 19 Pure Oil (1%) 22% 114% 110% Pure Ofl pf (8) 112% 1 887% 52 Purity Bakerles (4) 663 324% Radio Corporation...... 53 Radlo Crp ofAm pt(3% 68 Radlo Crp of Am pf B(5) 19 Radio-Keith-Orph (A).. 70 R R Sec 11l Cen crfa(4 % 28 Raybestos Man (2.60) 141% 100 Reading Rwy (4)..... 50 44% Reading Rwy 2). 34% Real Silk Hos Mills (5). 88 Real Silk Hoslery pf(7). 2 Reis (R) & Co. - 23 Remington Rand (1.60). 92 Rem Rand 18t pf (7).... 8t Keo Motor Car (.80).... 37% Republic Steel (4) 86% Republic Steel pf (6 16 Revere Copper & Br: 58% Revere Cop & Br A (4 95 Revere Cop&Br f (7)., 23 Reynolds Metals (2). 3 Reynolds Spring . 45% Reynolds Tobacco B (3) 39 ' Rhine W Elec Pwr(2.16) 14% Richtield O} (2).. 15% Rio Grande Ofl (2). 3815 Ritter Dent Mfg (13)... 27% Rossia ins 01 am(2.20) 49% Royal Dutch (23.2165) .. 46% 55% 4% Segrave (1.20) . 59% Sears Roebuck($2%) 7 Second Natl Inv.. 31% Shattuck (F G) (11%),. 42% Shell Trans (a2.423). 18 Shell Union (1.40)...... 95 Shell Union Oil pf(5%). 8% Shubert Theatre: 95% Solvay Am Invw w(b%" 15% South Porto Sug (1.40).. 52% Southern Calif Ed (3). 108 Southern Pacific (§) 17'% Spencer Kellog (1.60) 14% Splcer Mfg.. 371 Spicer Mfg pf (3). 10% Splegel-May-Stern. 17 Stand Brands (1%) 315 Stand Comm Tobacco. Stand O1l Export pf (5). Stand Oil of Kansas (2). Stand Oil of NJ (12) 27% Starrett (LS) (12%), 9%’ Sterling Sec A)... 11 Sterling Secur pf (1.20). 36 Sterling Seccv pf(3). 19% Stewart-Warner (2) 70% Stone & Webster (4) 25% Studebaker Corp (3). 29% 124 Superior Steel. 16% 8% Sweets Coof Am (1) 7 2% Symington. 17% 7% Symington CI 15% Telautog’h Corp (11.35). 17 10% Tenn Copper &Ch (1)... 504 Texas COIrP (3}..eureese 484 Texas Gulf Suiphur (4). Pacific C & Ofl. 2§ Third Nat Inv 36 “Thompson (J R % Tobac Prod(A)(80c) 21 Transamer (11.60) 164 Transcontl Ol (30¢)... . 11% I'ransue & Willlams (1). 9% Tri-Continentl Corp. 894 Tri-Con Corp pf (6).. 30'% Trice Products (2%) 12% Truax-Tra Coal (1.60 26 ‘Truscon Stl (g1.20). 10 ‘Twin City Rap Tr (§4) 88 Underwood-Ell-Fish(5). Union Bag & Paper. {Continued on Fourth Page). 3% 8 1% b ) 41 11 111 09% 109% 68% 60 1% 1% %o 3 214 21% 11% 112 62 % — 1% % 30% — 1% 5% + % 63% 4% 124% 105 (EEIREEAREEE SR SRR ] Ll [EXREEEE Y] e ¥ MEErrver~ oy & F IR} L+l ++11 [P TeTer ] +ri Lht 4441 T3+ P f+F+40 41 [N ERERE} (R T A N O S O B I [RE 3 (RRR) R T P A F P - FEEF E3