Evening Star Newspaper, August 3, 1930, Page 72

CONVERTIBLE BOND ISSUES IN DEMAND High Grade Group Firm in Quiet Trading at Short Session. BY DONALD C. BOLI Aascciated Press Pipancial Writer. NEW YORK, August 2.—Buoyancy of convertible issues influenced by the firmness of shares carried several pop- o High. 101.. 26 Lib3%s 1 2 102110 100,10 Lib 1st 43 s 1932-47. .102.9 1036 102, 102. 95 94% Argentine 6s A ‘55 100.28 Lib 4th 4148 1933-38. 103.6 98.30 US3%s 1940 .10L. ”41 US3%s1943-47, FOREIGN. Argentine 58 June *89. e Australi 102% Austria 78°43, ular bonds upward in the quiet trading today. Warner Bros. 6s rose nearly 2 points and ‘General Theaters 6s gained nearly a point. Railroad convertibles foined the forward movement, with St. Paul adjustment 55 and Baltimore & 'Oal"l‘lo 4135 profiting from the improved a le corporation issues were fl.l'm”.a"llhndl fe:mrlllrold and utility | bonds advancing moderately, ‘Traders | Lo apparently showed no disposition to bid | up prices in the short session and most‘ 107 sales were at yesterday's closing figures. | 101% The volume of sales dropped off sharply. Utility issues were steady, with ofl!r—[ ings particularly thin. Interest in for- eign bonds ebbed. The greatest activi concentrated in German 5'ss whicl were accumuiated at the closing price | of the previous day. French bonds were dull and steady. | 125 911 94 100% | 101 In financial circles it is expected tht_ new financing for the Colombian gov- ernment may be offered in the Umu States in the Fall, to consolidate the | outstanding floating debt of the gov- ernment. BOND HOUSES PLAN | CHANGES IN METHODS Effort Will Be Made to Popthiu‘ Purchase of Sound Debentures. 95 90 108 Special Dispatch to The Star. ¥ f NEW YORK, August 2—Of one o the la offerings of public utility bonds week, s0 it was learned to- day, the greater part was sold direet to life insurance companies by the banking houses that underwrote it. This follows out a practice that has been growing for the last few months and reached its maximum proportions in this issue. Ordinarily the life insurance com- nies take bonds from the distribut- houses, which in turn obtain them from the underwmers at the usual Obviously this is to the disadvantage Sppolstuaert “seong " invesing - Bouses . a among inves! c!er this new turn in a dln.rmmu situation that has become increasingly complicated and ugrofluhle duflu the year 'rlu insurance com- are the best customers 1 the dealers lnd as the greater part of the buying of h-grade securities this feeling that m of dllmhmon of bonds which ve been in vogue for some time must In cmnd before the private investor comes back into the market on scale of two or three years ago. When it was "f to sell bonds anyone with selling ability could go out and distribute them to the extent of his | allotment. " More emphasis was placed then on a few points than on the intrinsic value of the security, has resulted in the of inferior quality by not look deeply into what they bought and today are mvhn‘ over the de-| 101 preciation ‘that occurred in them. | Efforts are being made in most of the large bond di organizations t the business back on a sounder and to train men to sell from the standpoint of equity value rather than of immediate market prospects. INSURANCE STOCKS IMPROVE IN JULY 8pec.sl Dispateh to The Star. s NEW YORK, August 2.—The New: 110 York City market for insurance stocks ' in July moved within the narrowest| nnnmmlm.lmmnlmm‘m monthly made by Hoit, Rose & | 1 Troster. Nevertheless, & number of = 100% issuss, particularly Travelers. Globe & Futgers, Aetna Casuslty & Surety, ‘Westehester, Aetna Life, Aetna Fire and bonds | Hertford Pire, were able t6 materially | 1064 e, 104 9% imorove their price le The weighted index of 20 leat in- surance stecks opened July 1 w.‘ &Mwnun.!ulylwdmud 31 -ce:umummm-mhdl 64 on Jyly 26. Based on closing bid | the range for the month was as |« Bolows: July 1. At cas. & Surety.. 123 Astnz Pire Aeina Life American ntinental lobe & Rut; :?.,‘ American 48 106% 1031e 119% Italian 75 were| jo;. 100% 104% 102% 10: 102% 109"% 109% 99 108 101% 96 9T 112 18 881 84 105'% 81 96 4% 101 1071s | 108% investors who did | 1032 106% 954 102% 104% 97 94 108 95 ae L 101% ' Sinclair Py 100% Stand Of 9734 Tenn Copper 68 Bank of Chile 614867 Bank of Chile 6% 81961, w.\. 105% b 100 % 100% 1047 90 Canada 58'52. Chile Republic 63 1960. Chinese Govt Ry 68 '51... 4 Colombia 6s 1961 Jan. Copenhagen 58 '52. Czechoslovakia 8s ‘51 Denmark 5%s 1956. Denmark 65 '42. .. Dutch East Indj, ' Dutch East Indi, Fiat 78 '46 war. Finland French 7s '49 French T3s "4 s»f; m 101% 987x 110% 101 105 102 Y% 94 91, 1 German Bank 6s 1938 German 78’49, Greek 6s 1968. Irish Free State 53’60 Italy 7s '51. .. Japanese 6148 "54. Kreug&Toll bs ct wi ‘69, . Mexico 45 1904-54 Milan 6%s '52. Netherlands 65 '72 New South W Norway 63s... Orient Dev 538 '57 Paris-Lyons-Med Paris Orleans 5% s 1968 Peru 65 ‘60 Peru 7s “en Poland §s'50. .. Queensland 6s'47. Queensland 7s *41. Y% 100% 9% 10514 Toho Elec Pwr 78 '65. % Utd Kingdom 5%s ‘37 Uruguay 6s 1960 Vienna 6s 1952 Warsaw 7s 1958 Yokohama 6s 61 MISCELLANEOUS. Abram & Straus 5% s'43.. 100 khany Co cv 58 °44... 1011 Am Beet Sugar 63'35. Am Chain 65 1333 AmIG Chm 5is 1949 Am Internation 6% 49 Am Natural G 6% i Am Sm & Ref 15t 68 47 ... Am Sugar Ref 6s ‘37 Am Tel&Tel cv 4348 '3! 4 Am Tel & Tel s 1 5 4 Bell Tel (Pa) r Beth Steel p m b8 Certain-teed 5% s 1948, Chile Copper §: Colon Oil 6s°'38. % Columb G & I ded General Cable 5%! 1947, Gen Motors 6 Goodrich (B F) l%- 47 Goodyear Rub bs 1957 Humble O& R5%s'32,,. :nllnd Bteel 4 %8 l"l Inter Mateh A4 Int Tel&Tel cv 4%8 '8 Kendall 534348 (war). Lackawanna Steel §5'50. . 103% 10274 1064 Loew’s Inc 65 ex war'él Lorillard 53%s '37. Manati Sug s f 73%s ‘42, Midvale Steel 5s '36 Montana Power 63 Nat Dairy Prod 5%s'48.., Nat Radiator 614s 1947, New England Tel 5152 N Y Edison 15t 6%8°41... N Y Tel 4%s'39. North Amer Ed 68 °57 Northern States Pow 6s. . Pan-American Para-Fam- 4 Philadelph! Philips Petrolm Postal Tel & Cab b ¢ Reming-Rand 6 %8s 47, Stnclair O11 68 '30. 100% Sinclair OLl 78 '37. Sinclair Crude Ol 53 . Line 58 '42.. 3“ Tel 5864 Stand OUN Y Sugar Est Orfen! South wi 104 34 101 Transcon Ofl $%s 105% Ll 444441 EFFREFEES 1024 102% 101% 101 106% 106% 29%, lfl9'q 100% 109% "HANG ON TO CANOE,” HERO GASPS TO CHARGES, THEN SINKS United Drug 6s 5! U 'S Rubber 1st & ref 5 Utah Power & Light bs Utilities P& L 5%8'47 % Western Union Tel Wilson & Co 1st 68 Youngstown Steel §i RAILROAD. AtchT& S Feadj 4s'95., Atch T & S F gen 4895 Atch To& SFe 44s ‘48, Atlantic CL 1st 48 '62.... Balto & Ohio 68 '95. B&OPLE& W Va 4s. - Boston & Maine 6s '67 Broadwy & Tth Av 4 Brooklyn Manh 1st 6s A, Canafla National 4% 4 Canallian Natl % 715 Ches & Oh gen 4 Ches & Ohlo 4% ChiB&Q4%s 4 Chi B & Q ref bs Ch & East 11l gen 685 Chi Great West 48’69 ChiM St P& P bs "7, Chi M St P & P ad) bs. Chi& N W 63%5'36.... Chicago Rys 58 °27.... Chi R1& Pac ref 4s'34 Chi Union Station 4 4s. Chi Union Station 6. Chi & West Ind con 4s Chi & West Ind 51 CCC&StLbssD Cleveland Termin Colo & Sou re E£ Cuba North 6% s Del & Hudson 6%s'37. Den & Rio Grande cn 4i Den& R G West 58 '55. Den & R G West 6878, Detroit United 438 '32 Erfe 1st con a6 n lien Brie on a6 Flor East Coast 58 '74. FondaJ &G 438 '52. Grand Trunk s £ deb 6s. Grand Trunk 7s ‘40 Great North 4148 '76. . Great Nor gen b%s '52. Great North gen 78 36. Havana Elec Ry 5%s. Hudson & Man adj 65 Hud & Man ref 5s 67 Illinots Cent ref 4 1lnois Central 4 FEEF LS (R NN Inter Rap Tr s sta Inter Rap'd Tran s Inter Rapid Tran cv 7s. Inter Gt Nor adj '6; Inter Ry Cent Am 6%s Kan City South 38 1950 Kan City South Kan City Ter 1st 4 Lake Shore 4s'31. . Lehigh Val en 4s 3003 . Louls & Nash uni 48 '40., Market St Ry Ts A "40, MUEIR&L 1strefvs... MStP&SSM6%s'3r., 4 Mo Kan & Tex 1st 48°90. . Mo Kan & Tex ad) 68 '67.. 4 Mo Kan & Tex pr In bsA. Mo Pacific gen 45'75. Mo Pacific 65 A "65.... Mo Pacific b Mo Pacific 65 G . Mobile & Ohio w.n 17000 Nassau Elec 4 N'Y Cont deb 4a 34 North Pacific North Pacific North Pacific bs D 2047 North Pacific r 1 68 3047., Ore Wash 1st ref 48 '61... Penn 6%s 36. Reading 4%s '97. Rio Grand West col 4, RIATk& L4%s"34... St L Iron Mt gen bs « SLIM&SR&G 48°3. : StL&BF prin 3 A0, StL&SF4%8'T8. .. q.. St L & San Fr 65 B '60. 8t Louls 8 W con 4s ‘32 Seaboard A L ref Seaboard A L con South Pacific col 4s 49 South Pacific ref 4s°56 South Pacific 443 '68 Southern Ry gen 4556 Southern Ry 1st bs ‘n Southern Ry gen South Ry dev 6% ls Third Ave 1st ref ¢s ‘60 Third Aveadj Union Pacific Union Pacific Un Pacific ref 4s 200 Virginia Ry 1st b . Va Ry & Power 58 '34 h 4348 1978, Wabash 1st bs ‘39 Wabash 5s B 1976, 6. 2 e EX L | High. 98Le 821 101% 91 Low. Close. Shke. 98 98 81% 821 + % 100% 100% — % 0% 91 85% 100% b+ FESF £ 2 rrsses e Sacatiet ey Laiod ¥ - 100% 1084 1% T1% 8aiy 50% 109 82 983 100% 115% 90 104% 104 109% 997 ¥ *Z L4+ L +441 FEEFERER T++1 SrEE sEEP FF Ssss 114 " 93 102'% 1013, 1011 111 106% 109% 100 86!y 100 101% 9914 R B R EFEFFFET FoNET P14 440401410 FreL FE SEFF Kl POLICE WIELD CLUBS IN COMMUNIST CROWD One Sent to Hospital Duridg San Francisco “Protest Against Ldene Warhingioi Borinciens ¥ e Trayele sester Pire. ... HIGHER TOBACCO PRICES | ARE URGED BY GROWERS| ' By tne Associated Press. ATLANTA, Ga. companies operating fore them a telegram making an ur- gent uppn.l for the com to lft least w0 o‘cw spoke -:‘tl:c meeting. “'he au representatives of the Investxgatlon Clears Up Drowmng of| Famous Foot Ball Star of Long Lake July 6. By the Associated Press. PORTLAND, Me., August 2.—The| duty to bis charges, three young boy | | campers, uppermost in his mind, Al| Lassman, former New York University | foot ball star, gasped out to the canoe’ and sank beneath the | August 2—Buying | waters of Long Lake, near Harrison, on | in_the Georgia |July 6 an investigation by County 'At- bright leaf tobacco belt today had be- mmy Ralph M. Ingalls disclosed to- t foot, ball player was able to to but one of the boys aftar tossed from the unm turn o at mm Ingalls’ investigation started by uu statement by New York qucnlly ve u reported by Isadore IIM of Camp Zakelo (m nnnm foot ball player, at mndersigned civie organizations in joint | the time of the accident. ® :cting beg you to immediately place gour buyers in position to pay price for | was a visitor at the camp, while the | will enable growers to| university's statement Zobacco that pay cost of pndutllon STATE !ANK CLOSES CHICAGO, August 2 (#).—The | not _made Zarakov at that time said Lassman t sald he was em- ployed as a councilor. Zarakov, in a statement from Bos- ton late yesterday afternoon, sald de- tails surrounding the drowning were ublic “to save unnecessary Roosevelt State Bank, a Negro bank wflyn'l:o with desposits of $1, anoooo was ordeud the m tor_today be: cause of a a.lmrup bnn hea -m,hdnnu nld to_have by the m- shu Bank, .nou:or stitution, fromen _lasgely ml estate p-peu. hllhk of the umuthnlal—nnlfl masets, but the boys' story, as ‘obtained by and th.” ‘The New York University statement the boys on to wmu-hdrwn:: , showed was able ‘to do but “Hang on | | little before he sank. The boys—Jack Wynd, Brockton Mass.; John Shapiro, Brooklyn, N. Y., and Maurice Halpern, Brookline, Mass.— and others were questioned by Ingalls | and Attorney General Clement F. Rob- inson. At the close of the questioning In- ®alls said the State’s investigation was at an end and related Wynd's story as the account which Shapiro and Hal- was correction. Lassman said “Hang onte the and made for Shapiro, who had gone under. He grasped the back of the boy's head, pushed him toward the canoe and then sank. Norman Parcells, counselor at Camp | Ropioa, and two of the boys from that | camp were paddling about the lake and came upon the overturned canoe with _Shapiro struggling nearby and Wynd and Helpern hanging on to the They took them ashore and then, Parcells sald, were told a counselor had been with them. Efforts of Parcells Imperialistic Wars.” By the Associated Press. SAN FRANCIBCO, August 2.—A large gathering of alleged Communists was dispersed near the Ferry Bullding at the foot of Market street here yesterday by policemen who charged the crowd | with drawn pistols and clubs. ‘The resort to force occurred when a policeman was struck by Artimez Stravriaudiakis, 45, who was taken to Harbor Emergency Hospital for treat- ment. Several others of the crowd were clubbed. The meeting was announced as a protest to “imperialistic wars.” Ban- ners and signs were directed against the_police, and one amu freedom of J. Mooney and gy. “Down e e WILL FINANCE UTILITIES German Cempany Organized to Aid Employment and Busin BERLIN, August 2 (4).—To alleviate unemploymient, and_promote business, a “German public utility stock company has been formed under government control in Berlin, Its object is the financing _of public copsiruction, the floating of domestic and forelgn loans and the extension of domesic credits, It has & capital of 155,000,000 marks ur prol‘l.llnluly $37,200,000), with 1 000 (Continued From Second Page.) tock and dividend. Union Carb & C (2.60). Union Oil of Cal (32). Union Pacifie (10). Union Pacific of (4). Union Tank Car (1.60).. United Alrcraft. .. T losu solq. United B Utd Busine: Utd Carbon (2). United Cigar nf. United Corp (30c) . « 1nited Corp pf (3) United Dyewood United Elee Coal United Fruit (4) Utd Gas & Improv (1.20) United Gas Imp pf (5).. United Paperboard...... Unit Plece Dye W (2)... United Stores A. United Stores pf. U S Distributing. . Indus Alcohol (17 Leather. . Leather, A. Lenther pr pf (1) Realty & 1mp (5). Ruhher. .. Rubber 1st of. Smelting & Ref (1). Smelt & Ref pf(3%4) S Steel (T)..c.oen.en U S Steel Corp pt (7). U S Tobacco (4).. Universal Leaf Tob (3). Univ Leaf Tob pf (8). Univ Pictures 1st pf (8). Univ Pive & Rad Util Pwr&LLA (e2 Vadasco Sa Vanadium Steel (t4).... Virginia-Caro Chem Va-Caro Chem 6% pf. va-Caro Chem pf (7). Va Elec & Pwer pf(6) n. Va Iron Coul & Coke Va Iron Coal & Coke (pf) 45 Vulcan Detinning (4)... 85 Wabash.. 37 s s s F] s s 18 S ggnacccaacdaag Biah Lew. Oless. o i [N EREE N} oo G 3 = - Stocks and Dividend, Wabash pt (A) (5)... Waldorf System (1% Walgreen of (63 ) ) 4. Warner Bros P nf €2.20) rner-Quinian (1).... Warren Bros (3). Wren Bros cv pt (3). Warren Fdy & Pipe (2). Webster-Eisenlohr. \Wesson Ol & Snow (2) . Wesson Ol West Penn Elec A (7) West Penn Elec pf (6).. West Penn Elec pf (7)., West Penn Power pf(6). FINANCIAL. BANK STOCKS GAIN IN MONTH OF JULY New York Issues Improve in Dull Trading and Wipe Out Earlier Losses. Last. Oh g 2 - 8% 1% n 3 L) % % Although activity in New York City bank stocks was at a low ebb during July, most issues closed the month at higher levels than July 1 prices, Hoit, Rose & Troster report. Opening July 1 "at 141, the Hoit, Rose & Troster weighted index of 14 leading New York | City bank stocks sank to 140 on July 8. %! but zuse to @ high of 133 on July 17 1% and closed July 31 at 146. | The following table, based on clesing ’”hid prices, shows the range for the 1 15 4% £ W 102% 18 tr4++0 00000110 ESEESPEFE Wileox Wilcox Willys- Wilson Wilson (EEREE A NN R RN Yellow Yellow Youngs! Zenith +r40 00 |+ able in stock. d Pa; Plus 10% in stock. 331 Young Spring (3} Vest Penn Power pf(7). Motors (2) White Sewing Machin 01l & Gas. . & Rich (A) I%. Overiand. Willys-Overland of (7). &Co.... &Copf... Woolworth Co (3.40) Worthington Pump. Wrigley Wm (4). Yale&Towne Mfg(4) Truck & Coach. . Tr & Coach pf. 35 ton Sheet & T (5) 112 112 Radlo.... serip. | Plus 8% m stock ble wi in cash or stock 2% in stock. §Plus 8% in stock. k Plus 3% In stock. n Plus 5% in stock. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, August 2—The follow- ing Is today's summary of important | corporation news prepared by Stand- | ard Statistics Co., Inc., New York, for | the Assoclated Pre: News Trend. Earnings statements continue to fea- ture in corporation news. Of today's usually large number only two show larger returns than a year ago, Am- erada Corporation and Holland Fur- nace. Distinctly poor comparisons are recorded by Crucible Steel, Federal Screw Works, Independent Oil & Gas, United Aireraft & Transport, Wal- worth and Yale & Towne Manufactur- ing. July’ sales of Montgomery Ward & Co, fell sharply below results in earlier months; comparison with 1629 shows decrease 5.7 per cent, whereas seven months' receipts were up 4.3 per cent. Also of particular interest is an- nouncement of passing of control of | the International Mercantile Marine to Roosevelt’ Steamship. ‘The week’s bank clearings were mlnr sharply below & year decl amounting to 284 per cent; but !m- rovement is shown in commercial | ailures’ report, with total for the week | numbering 423, against 446 last week. In like year ago 368 were re- ported. The Industries. Aviation. —Pifty-eight major manu- facturers produced 785 commercial and military planes, valued at $6,475992 without motors, in June quarter, com- pared with 630 planes, valued at $4,570,063 in first quarter. Of second quarter's output, 597 planes, valued at $3,041,781, were for commercial mar- ket, against 501, valued at $3,187.783, in initial quarter. Average price of the commercial open-cockpit biplane in June quarter was $3,686 without mwotor. Excluding special custom-built ships, average price was $2,650 for standard models. Excluding high-priced custom- built ships, open-cockpit monoplanes averaged $2,000 to $2,300 each. Cabin | monoplanes ~ averaged from $5,000 to $5,600 each. Copper.—Second quarter consump- tion by important domestic consuming | industries estimated at 119,000 tons, against 144,300 in 1929 period. Fertilizers.—Fertilizer sales in June, as measured by tax tag sales in Impor- tant consuming States, experienced more than usual decline from high level of May, and were approximately 17 per cent smaller than in June, 1929. It is believed majority of plant food mixers experienced larger sales volumes during the fiscal year ended June 30 than in the preceding year, but some price _cutting was noticeable early in Spring and during June. With Fum costs incurred by allowing arger volume of credit sales, it is doubtful if full year's profits of com- panies nenly exceeded poor results of earller, Outlook for the coming Xud period is made uncertain and gen- erally unsatisfactory hy the anticipated rodumon in this year’s farm income. Rallrosd—1. C. C. approves advance in freight rates on live stock to East- ern cities, effective October 15. In- crease average about 4 per cent. 'nu Companies. ation June quarter uml.np 53 cents common share vs. 33 e-nu' six months, 44 cents vs. 38 cents. tlas Tack had deficit of $33,361 in J\mc quarter v rofit $35,257; six months’ deficit $55,5: 8 vs. R‘I:fll $74,028. Automatic Votin, g_Mac] warded contract by City of Philadelphia for 500 machines, price $546,900, Birtman Electric June quarter earn- ings 21 cents common share vs. 58 cents; 6 months, 69 cents vs. $1.09. Borden Co. offers to acquire City Dairy, Ltd., through share exchange: basis, 7 shares Borden for 8 shares City Dairy common; preferred would | be redeemed at 135 share. | Consolidated Gas of New York pro- poses reducing rate for electric current in New York City from 7 cents to 5 | cents a kllowatt hour. Revislon would effect saving of about $5,396,000 an- nually for consumers. Crosley Radio et deficit $300,070 in June quarter, against deficit $319,- 886; six months' deficit $996,685, against profit $745,780. Crucible Steel of America earned %ficflmm“’:n share in first half, year 8go. it Alrcraft mnmmmu,’ plut on account bu;m Morse & celved halt ICIM lllmflfll in "2. 38 cents common lurc in nx-t. half, against 63 cents year ago. Federal lc"w ‘Works June quarter, 8 .gwu common share; Ford Motor, Ltd, Baroelona lgunt closed because of new Spanish tar| Gillette Safety Razor reported ready to tos acquire Auto Strop Safety Razor through share-for-share exchange of stock | Great Atlantic & Pacific Tea—Des | Molnes City wumu refuses request for cigaretie g:; Mayor states chain stores’ dling_cigarettes had reduced m‘- revenue from this source. Holland earned $1.13 com- -n nhln in first half, against §1.12 onacm:mqw cents W .ll,. six llm. ‘uo. ordm " 16,008,757, period. control passes to Roosevelt Steamship; reported plans disposing of foreign flag tonnage of International Mercantile Marine and concentrating on develop- ment American services; Pennsylvania and Baltimore & Ohio Rallroads said to be interested in development. International Paper & Power—Treas- ury Department lifts ban on Soviet | pulpwood; evidence adduced was con- flicting and inconclusive. Contracts with Amtorg Trading for pulpwood to- tal $3,000,000 to $4,000,000 annually. Kinner Airplane & Motor first half motors, shipments, 202, against 408 1929 period; unfilled orders June 80 were 770 ‘motors, against 921 in 1029. Louisiana Oil Refining June quarter net income, $11,608, against $504.238; £ix months, $47,810, against $743,273. McCall Corporation June quarter earnings, $1.12 common share, against $1.19; six months, $2.26, against $2.23. McGraw Hill Publishing June quar- ter earnings, 95 cents common share, :nlnlt $1; six months, $1.84, sgainst mlcdlgldlled West mumu hll 75,785 olders, against 88 beginning 1930. Subsidiaries h-n !4' 416 lhm holders. Montgomery Ward & Co. July sales off 5.7 per cent from year ago; seven months, up 4.3 per cent. Natiol Bellas Hess July sales 26.2 per cent: seven months, 27.7 per cent below year ago. Excluding new units, n"an months’ decline was 345 per cen New York, New Haven & Hartford Railroad asserts competing independ- ent trucks diverts about $28,000,000 yearly in freight revenues from road. Noblitt - Sparks Industries $2.22 common share in first half, against $2.86 year ago. Unfilled orders are reported 60 per cent above 1929. ‘Westinghouse Electric & Manufac- turing betim distributing radio sets under own name. Yale & Towne Manufacturing June qulrur earnings 5 cents common sharé ll 41; six months, 32 cents vs. $2.71. ‘Penney earned $1.14 common n!nra ln first half, against $1.32 year Radlo Keith - Orpheum takes over Pickwick and Greenwich theaters in Greenwich, Conn. Royal Typewriter June quarter earn- ings, 93 cents common re, it $1.04; six months, $2.28, unlmt $2.49. . Helena Rubinstein earned 34 cents common share in first half. St. Regis Paper ans $2,000,000 plant at Tacoma, Wi A. O. Smith Corporluon shipped 65000 tons or 428 miles ‘pc during July. Backlog sufficient to keep plants operating at July rate for three months. Standard Oil of Kansas earned $1.19 common share in first half . $1.44 year ago. ‘Timken-Detrolt Axle flrst hnl{ earn- ings 53 cents common share vs. 76 cents year ago. Ulen & Co. June quarter earni 82 cénts common lhu'o vs, $1.05; months, $1.67 vs. $2.08. United Alrcraft & Transport June quarte: cents common earned T earnings 51 ,-lure vs. $1.15; six months, $1.35 vs. vni‘ed Dry Docks, Inc., 12,000-ton dock added at Mariners Harbor, Staten United States Lines, Inc.. Shipping Board censld-n bid of $4,282,000 for Hoboken piers grossly inadequate; Mer- chant Hnt Corporation to negotiate for better price. Walworth Co. June quarter earnings 39 cents common share vs. $1.74; six montm, tl A1 v- $3.01. F. Wilcox Oil & Gas current out- puk about 13,000 barrels dailly; six months' dally average production was 6,426 barrels, against 4,600 barrels dally in 1920 half; bulk and service stations number 173. EIRS:T | Hanover, { month: a1 Julg 1. Public .. ‘Weighted average. Among the issues thab shom hwh net, gains for the month were: Guar- anty Trust, Chase National, Central ew York Trust and Bankers’ Trust. Other issues that scored notable gains were: Chemi Manhattan, Public, Chatham Phenix and Irving. CANADA WHEAT CROP IS OVERESTIMATED Yield of 400,000,000 Bushels Based on Perfect Weather Until End of Harvest. Special Dispatch to The Star. TORONTO, August 2.—The 4,000,000,- 000 bushel estimate of the Canadian wheat crop made by the president of the Canadian National ways is in- | Special Dispateh to The s BALTIMORE, Md., August 2.—The {live poultry market rules genérally easy with available supply for trade | wants. Large, fat, colored springers, 12': pounds and over, in good demand | at 30 to 32 cents a pound, but smaller | moves slowly at 20 to 24, receipts in | which are large and have a tendency to keep prices down on better sort. Leg- horps, 2 pounds and over, selling 20 w 23 but smaller are hard to move at 18 and 19. There is a limited demand for old hens, 3'4 pounds and over, at 17 to 23, while Leghorns will not bring over 16, and all poor, thin fowl is slow sale at 13 and 14. The demand for old roosters is slightly better and shows a slight increase at 13 to 15. In young ducks only full feathered fat stock will sell at 15 and 15 for stock weighing 4 pounds and over, with practically no demand for smaller stock: Pigeons, ample for demand with price mostly in buyers’ favor at 25 cents a pair for old and 20 for young. Egg Market. ‘The egg market continues guiet, with prices remaining the same. Due to the excessive warm weather most arrivals show considerable losses under the candle, and receipts are mostly of this sort, which is difficult to move. Offer- ings and sales on the exchange are nominal but prompt sales are found for strictly fresh stock. The market e today at 23 cents a dozen for native and nearby first, with Southern stock just a couple cents lower. Potato supplies_are increasing with demand moderate, market unsettied and rices lower. Eastern shore new pota- are selling at 250 to 275 per bushel and 135 to 1.50 for No. 2s. while nearby bring mostly 90 to 1.00 per bushel. Receipts of native and nearby truck are fairly large, with to- matoes and corn showlnf small im- rovements, with other lines at the ollowing quotation: Beans, 50 to 1.40 per hamper; beets, 2.00 to 2.50 per hun- dred pounds; cabbage, 75 to 1.25 bushel; carrots, 3.00 to 400 per hun- dred pounds; corn, 8 to 10 cents dozen; cucumbers, 40 to 65 hamper; l'ma beans, 1.50 to 2.00 bushe!; onlons, 50 to 75; peppers, 65 to 75 hamper; squash, 25 to 50; tomatoes, 40 to 1.00 crate for Virginia. Live Stock Prices. ‘The live cattle market continues easy with ample receipts and good demand for first quality stock, but common to ordinary stock is slow sale. The better de of veal calves a fair scale is ound, while common, rough and small undersized stock is hard to move out. slhmmnons today at Light Street arf Beef cattle, first quality, per pound, 6 to 7; common to medium 4 to 5; bulls, as to quality, 4 to 6; cows, choice to faney, 5 to 6; common to fair, 3 1o 4; oxen, as to quality, 4 to 6: calves, veal, choice, 8; large, fat, 6 to 7; large, m\l[h 5 to 6; common, thin, 4. Sh!!n‘ 2 to 3; old bucks, 8 to 8'%; choice, to 7. Hogs, straight, 8 to 8l%; lnw!‘ 7 to 8; stags, 6 to 7. old boars, not ;\;ln'cd live pigs, 12 to 15; shoats, to 12. Weather F:vou shlmrock v. ABOARD YACHT ERIN, August 2 (#).—The steam yacht Erin, convoying Sir Thomas Lipton's Shamrock V across the Atlantic for the America's Cup races in September, last night was traveling with her convoy through fair weather on toward America. The yachts left the Azores Thursday night. Everything and everybody were well aboard the Shamrock V. MORTGAGES per crate for natives and 25 to 75, six months, | f Over a Third of @ Century Without a Loss INVESTMENT YOU CAN RELY UPON Regardless of what the char- acter of your other® investments, it is well to have at least one upon which you can rely abso- lutely no matter how muddled the financial seas may become. Our 6% FIRST MORTGAGES offer this surety—with fixed lib- eral return and the principal backed by conservatively ap- praised real estate. May be purcfiased in amounts from $250 up.- B. F. SAUL CO. National 2100 925 15th St. N.W. terrreted as an estimate of the yleld that may he expected if perfect weather conditions prevail between the present date and that of actual harvesting. For since this estimate was made the Canadian National Railways itself, re- ports a few individual cases of and stem rust in Manitoba and Eastern Saskatchewan, while the rains are de- clared to have come too late in some of the drought areas to improve the wheat, The grain is reported also as being unduly hurried to maturity by tremely high tempenturn of the last week, especially in Manitol Cooler weather is new 'll!ud in order to allow the wheat berry to fll out properly, while rain is still needed in Southern Alberta. But some dis- tricts, such as Yorktown gnd Veru- ville, report conditions as ideal, with & bumper crop in prospect. Hence a nre- liminary estimate that represents the crop as fidwav bstween the 272,000+ 000 bushels of last year and the 550,- 000,000 bushels of 1928 may not prove far wrong. CDNFER_ENC-E WILL OPEN ! Southern Presbyterian Church Ses- sion to Continue Until August 18, | _.MONTREAT, N. C., August 2 (#).— The General Mission Conference of the Southern Presbyterian Church will open her: 1t:_&,:max-m:'v.' and continue until Au- gus! The Rev. Robert Gribble of Austin, Tex., will lecture daily on home and foreign missionaries.. Other conference speakers include the Rev. William Ray ob { Birmingham, Ala., and the William J. Hutchins, president Beru College, Berea, Ky. First Mortgage Loans In Arlington County and Alexandiria, Virginia Commonwealth Investment Co., Inc. ot s 4, W, Fhene Natioss) se00 Mortgage Loan Corresp nt for The Prudential Insurance Co. of America Money to Loan Becured by first deed of trust “Frevailing. interest a m" o Jouyb L Weller <5, FIRST MORTGAGE REAL ESTATE BONDS Firm Bids Obtained trauss & Co. ek o ‘I:.m & Trest baum Gous B Co. INTERNATIONAL BANK Investment Securities Tl BRI 88 16 Jackson P Money on Hand to Loan on First Deed of Trust 6% Interest Reasonable Commission and Prompt lies to Applicat! JAMES F. SHEA 643 Louisiana Ave. NW. National Bank s.r:t:lut on g‘il’ur Balances from Day of Deposit to Day of Withdrawal. Com- pare this method with usual method of computa- tion. Call and let us ex- plain. Other Departments are equipped to serve you in all g and matters. The Bank of Personal Service 14th & G Sts. N.W. - Resources. Over $20,000,000 | 'WADE . COOPER, Fresident