Evening Star Newspaper, August 7, 1930, Page 15

FINANCIAL IN SELLING ATTACK Bears Continue Assault on Some Groups—Utilities Are Very Active. BY JOHN A. CRONE. @pecial Dispatch to The Star. NEW YORK, August 7.—Public utili- ties and miscellaneous industrials formed the bulk of active trading on the New ‘York Curb Exchange today. Prices con- tinued irregular, with a few issues sub- Jected to bear attacks. Electric Bond & Sbare early lost about ! 8 points. Its trend was followed by American & Foreign Power, American Superpower, American Light & Traction and Middle West Utilities. Citles Serv- jce remained rather quiet at fraction- ally lower levels and Standard Oll of Indiana was virtually unchanged. Pressure directed against Goldman- Sachs drove that issue down to a new low level for the year and softened quo- tatiore on Central States Electric com- mon and preferred, Blue Ridge common and preferred and Shenandoah common and preferred, all of which companies have varying degrees of relationship with Goldman-Sachs. Eisler Electric was the weak spot in the radios, as it. dropped to a record low mark. Amusements again eased, and motors were in less demand than in recent sessions. Power Securities Corporation pre- Serred featured the utility preferred is- Sues as it leaped 6'4 points to a record high level of 98!, This outburst of strength, which followed a steady ad- vance for the last six sessions, came on the heels of an exchange offer by Elec- tric Power & Light, the parent concern, on a share-for-share basis of the lat- ter's preferred. Three shares of Power Securities common would be exchanged for one preferred share of Electric Power & Light. National Family Stores moved lower following the directors’ action in declar- ing common dividends in stocks instead of cash. Lerner Stores, which re| July sales up 38 per cent and seven months’ sales up i:ll per cent, advanced more than 10 ts. Deere & copgvu sold short on the theory that the dry weather would af- fect Autumn sales. It moved into new low ground at 73 on a few offerings. Mock, Judson & Voehringer, reflecting the recent dividend cut and an unsat- isfactory outlook for the hosiery trade, dropped a point t0 & new low price of 11. BONDS ON THE CURB e o3 & §F FEEFER S (Ao L L] :nsa::ss::::i:-‘gg? SITPCATE SEE 3 ST FREES I23222232R2BRARS: 232333228383883232238,! Sy i J i ; | (i PPLELLEE] f: S PERERI P e s & P8 PFFE s 23! 222382333 I REE R 9 29 fes 8 4 2 353 S 8 Qi;i e2nd Sggads 1003 0F 28 358 BEE Sreus3sisenss 3 E S o o 13 N HEROOD) ? i i . 2222553 mennsss: 5 £ £ R0 * 299 E‘.‘_E o enaiB RulunBuusualoutiBuenn S 333823 23533208283 ussans 2 FER T s A B e 30 Intern Sec Am 8 |47 0% Intersta Power 5s 57 Inves A 47 xw 79! wa. BB AN 3 REZEE! inn P iss_River 0 Pac R R Ful () e 2R FEEETISS - rhbd e Begez0 £esg BBl i i Pesuilie X S0 S22323333353ss W aw wew - i Soe-Biiu-. #aga=zaqageaiiale 83535 eaSsarsniteizanys s 82 uen ir Pr 112 471 41 Bic 518/ 28 B2 1 i3 B nlzh 28! mayE: 552 . \ECETABLE TRADE {1930 at the last session of Congress. Prev, High. 3¢ 33% " 3 15% 109% 9% 134 28% 334 Alum Ltd cu pf(new) Am Capital pf (B)... Am C PAL(B)(10%) Am Colortype (2.40). 28% Am Com I'(A) b10% . % Am Control Oli Fids. g Am Cynam B 6 Am Dept Stores. Am Equitie: - Am For Pwr(war). .. Am Gas & Eleo (21). Am Am Invest. Ine (B).., Am Lt & Trac (2%).. Am Maricabo. ...... Am Natural Gas. ... Am Potash&Chem (1) Am Pub Utl1 7% pf.. 50 Am St Pub § A(1.60) Am Superpwr ¢ Am Sperpwr 1st Am Superpwr pf 1 Am U&Gen B vto 400 21 Am Yvette (n) w.i 6 Anglo Chil Nitrate. . Appalachian Gas. . Arkansas Nat Gas. 22 76% 187 Aviation Cred Babeox & Wil (19) Bania Corp. . BancomitCorp(1. Bastian Blessing (3). Brasil Trac & Lt(h2) Brown F&W (A)2.40 Buft, N&EP pf(1.60). Burma Corp (t31¢).. Bwana M Kubwa. ... Cable Radio T v.t.e.. Cable&Wire (B) rets te ) (81.76) Cent States El(k40c) Cent St El cv pf(a6). 26 Chain Stores Dev... Chat Ph Al nv (50c), Com‘with & Sou war. 6 Comm Wat Serv b6 % Consol Auto Merch.. 15 Consol Laundries. 1 Contl G&RI pr p(7). 26s Cooy 60% Cosden Oil pf (7) 16 Crocker Wheeler. Curtiss Flying Sve Curtiss Wright war. Dubilier Cond & Ra: 5 8% Duquesne GasCpw.i 10 Durant Motors..... L Eastn Util Inv (A).s 1 Eisler Eelectrict1%) 44 El Bond & Sb (b6).. 190 El Bond&Sha cu pf(5 25 ElBond &8b pf (6). 14 Elec Pwrdsso (1).. & Elec Pwr Asso A (1) Ele~ Pwr & L op war Elec Shareholdg(31) Empire Corporation. Emp G&F cu of (7). Emp P Ser A (a1.80). Evans Wallow Lead. Fabrics Fininshing.. Fokker Alreraft. ... Ford Mot, Can A t1% Ford Mot,Can, B t1% §0s Ford Mot,France 28¢ 2 Ford Mor.Ltd 37%e. 19% Foremost Fab (2)... & Fox Theater Cl (A). 19 Garlock Pkg (1.20) Gas Lt & C Co rets, Gen Alloys (80¢) General Baking Gen Fi'proof (. 2 Gen G&E cv pf B(6) 100s Gen W WRE(A) (2). Ga Power pf (6). Gleaner Harv, n (2 Globs Underwriters. Gold Coin (new). Golden Center. Goldfield Consol. ... Goldman Sach TC... Gr A &P Teapt (T).. Griffith (D W) (A).. Groc Stores Prod vie Guardian Invest. Guenther Law (2)... Happiness Cand. Houston Ofl of Hudson Bay M & Humble O] ¢2) Hygrade Food Imp OIL Can, n(§0e). (nd Terz 1llu Ol (A) Ind Terr Illu Ol (B) 3 InsCo. No Am (*3).. % Insull Util Inv tB9 % Insurance Seo( Intercontinent Pet n Int] Petroleum (1).. Int'l Safe Raz B(123% Internatl Superi (f1) 34% Int Utilities A (3%). BENEFITS BY LAW Borah - Summers Licensing| Act Designed to Prevent | Dishonest Practices. By the Associated Press. The quality of fresh fruits and vege- tables shipped to consuming centers of | the United States has been noticeably improved since passage of the perish- able agricultural commodities act of ‘This bill, better known as the Borah. Summers mandatory licensing bill, re quires all commission merchants, deal- ers and brokers who handle perishable agricultural commodities in interstate or foreign commerce to take out & license before December 10, 1930, and at the same time will make it unlawful to misrepresent the condition of mer- chandise under threat of revocation of license., The National League of Com- mission merchants, with a membership of 755 dealers, including the leading firms east of the Mississippi River, holds the measure has elevated the in- dustry to the highest standard of oper- ation ever achieved. T i Totoe) £ = i <22 e ‘warran Without warrants. B—New. Wi—When issued. ‘The measure revives generally the licensing system in operation under the United States Food o primarily bringing THE EVENING STAR, WASHINGTON, D. C. Loulst. 24 15 1 M 12 Mocl 6 Natl A 19 12 Stock and Dividend 6% Internats Utll «B)... 12 1% Iron Cap Copper. 22 Johnson Motor. 1% Kirby Petroleum. 9 Kiein H pt pf (j1.20) %~ Kolste-BF (Am 8h). 11% Libby McNell & L, 3% Loew’s. Ine (war) 5% Marion Steam Shov.. 4% Mid Sts Pet v.t.e. Mid W Sts Ut (1% 26% Mid Wgt Util(b8% 50% Midvale Co (4) Mo Kan P L (b 6% Municipal Se: 15% Natl Screen 8ve(3’ 201 Nelson (Herman Newmont Min (£4) 20% Newport Co (2). 6% Niag.-Hud Pwr C wal Niag Shars Md(40¢). 254 Niles-Bes 20% Noranda Mines (2). 2 NoAm Aviat A war. Received by Private Wire Direct o The Star Office Baiee— Rate. Add 00. Open. Hish. 124w a Lan & Ex. - o =3 : A AN AN AN NN AN Hh e RSO RN O N NN A or Co. D)oo I P (12%). ol 10: Ohio Oil pf new 2% Noth Euro Oil Cor; 951 North St Pwr pf(6 14 Ohto Copper. . 6234 Ohio Ofl (143 321 Ohio Ofl new wi. = w =3 Be= & Outbd Mot(A)(1.80) 10% Overseas Secur (1).. Al during the World War, and proposes to afford means for about a quick adjustment of con- troversies, thus obviating the necessity 26% 28% 12% " 1% 4 10% 2% 26% 2! 1:% Relial 19% R’k 18% 8% Balt * annua) Bolgers stock stook. Pac G&E 1st pf (1%) Pae Pub pec Of Param't Cab(b8%). . Pennroad Corp (20c) Pa Water&Pwr(3). . Peoples L&P, A a2.40 Plerce Gov (1%).... Pilot Radio Tube(A) Pitney B P.n (30¢) Plymouth Oil (2)... Polymet Mfg (31)... Power Securities pf.. Prince & White(26c) Prince & Whit pf(3) Prudence Cop (7) Prudential Invest, Pub Util Hold w Pyrene Mg (30¢)... Radio Products (2).. Rainbow Lu 4 Reynolds Invest. . 264 Rike Kumbler(2.20). d Lt & P (90c) 328 Ryerson (Jos) (2)... St Regis Paper (1).. Creek Prod (3).. Saxet Co.... - Beaboard Ut (b0c) . 8eg Lock & H (80c).. Selected Industries. Sel Indust otfs (43) sock. b ook, CAdiustment “dividend ~ipivs s 3 &. stock. 1 lus 1% % in stock nl » BornBromg e - R mRod e aSamee e Prod A. o 8 B E e T TR T 22% 1 enan Coro pf (a3). Sherwin Will (#43) South Penn O1l Southern Corp. 8 W Gas Utilits Spanish&Gen ret. Standard Motors. Stand O1L Ind (3%4). Stand Oil. KY(1.50) 4 St Oil, Ohio ot (7) Strauss Roth. Stutz Motor Car. Sunray Oil (40¢) Sunset Stors pf Bwift & Conew (2). Swift Internatl(2i) Technigolor. Ine. Tri Utliities(31.20) m Ulen & Co (1.60)..... Ungerleider ¥ Corp. Union Tobacce. United Corp (war).. Unit Found (b2-35 sh United Gas Co «new) United Gas (war)... United Gas pf (7)... Utd Lt & Pwr A1), Y% Utd Lt & Pwr of(6). N Unit 8hoe Mach(13% U8 Elec Pwr ww... U8 Gypsum (1 U 8 & Int] Secur U S&Intl Sec 1st (5). U S Lines pf (1)..... U S & Overseas war.. Utility & Ind........ Utll & Ind pf (1%).. Utility Pwr&Lt(al). Utility Equitte: . Vacuum Ofl (4)..... Venesuela Petrolm. . Vi Finan Corp (40¢) Walker (H) (1). 1% Watson (J W) Ce... 10% Zonite Produets (1). RIGHTS. % Segal Lock. ... vide: - vidend rates in doliars based on last quarterly or semi dividend, 1Partly extra. IPlus 4% in stock. aPayable in 109% 109% 65% 12% 42 314 6015 1214 17% 13% 23 17% 121 8% 2% ™ 8% 20 10% 654 42 10 Expire. .AUR.22 6 % W % W dSublect o approval of stock- jus, . 6% 1 «Flus '10% in in us 2%, instock lus 8% 1n_stock. of tedious and cost, ‘ocesses ot g tly pr of court Fresh fruits and vegetables being highly perishable and their marketing complicated, opportunity often is af- forded for controversies. Remedial measures have been the subject of much discussion at annual conventions of commission merchants, and the pres- ent law meets with the approval of their association, E. L. Roberts, the league, says fruit and vegetable industry is as free from dishonesty and unfair practices as any other business, the ease with which one may enter it offers wide oppor- tunity for fraud and unfair dealings. “I believe,” he said, “this act will be the means of removing unfair and un- ethical competition in the industry, since those who are guilty of such con- duct will be deprived of their license to operate.” One_obstacle to be surmounted be- fors the industry can operate at 100 per cent efficiency, Mr. Roberts said, is eneral manager of tgn. while the fresh the gullibility clyah&pers. who stead- |, fastly subordinate ¢ item of re- 8 ibility and integrity of wholesale dealers in city markets, and sell their produce where quotations are highest, regardless of the reputation the pur- chaser enjoys. SALARY CUT ACCEPTED. NEW YORK, August 7 (#).—Execu- tives of A. Schulte & Co., og:nung the second largest chain of stores in the United States, have voluntarily accepted large cuts in salary, following the example of the president, David A. Schulte, who will forego compensation for his services, it was learned today. e P. W. Woolworth July sales, $20,737,- 421, decrease of 7.9 per cent from July, 1929; seven months, $152,068,254, de- crease 3.9 per cent. Commercial Credit Co. first six months’ earnings, $1. share, against $2.17 in like 1920 period. DIVIDENDS DECLARED NEW YORK, August 7 (#).— Regular. Rate.Fioa. oo, Precord, .81Q BSep. 10 Aug. com Crown Qverali M bf .32 Empire 38t N Y pf pi gary Ry eneral Oigar b 3178 Gold Dust 16 of. 81 & opic Natl Bearing M Porto Rico Tel u Struthers Wells itusville pf do_Ed! 5% pi i 42233 3 000DDODp ERED DpP0XZ poR30000000 Do *Twin Bell Oil 8yn.87 .. Final. Cos te G Transat- TR an B L. Omitted. 1B, Q Due at this time St A3 2 Bueatthistime Stock. Aug. 31 Aug. 14 Hartman Ward LA China is said to have 2,000,000 men under arms. AUTO TRADE WAITS ON BUSINESS TURN Many Replacement Orders Expected With Passing of Present Depression. BY DAVID J. WILKIE. Associated Press Staft Writer. DETROIT, August 7.—Realizing that replacements of worn-out cars account for a steadily growing percentage of pro- ductioh, the automobile industry, sc- cording to authoritative opinion, may look for more than a normal consump- tion of its ontput when a definite upturn in general business conditions arrives. This is explained with the statement that mi thousands of automobiles that should have been discarded, or nor- mally would have been traded in this year, have been patched up and kept in operation, although they have outlived their normal years of satisfactory use. “Patching Up” Process. While conceding that the “patching up” process can keep an automobile go- almost indefinitely, leaders of the industry say that as soon as definite relief from unemployment conditions is assured, there will come a rush of old car owners desiring to replace their nearly worn-out vehicles with new ones. These deferred replacements, coupled with thosé normally due, should furnish the industry with more than normal demand when the looked-for ‘upturn in business comes. Thus it is that al- though dealers are generally lamenting the fact that “people aren’t buying new cars; they're using the old ones,” pro- ducers inclined to be optimistic see in every aged model now in operation & symbol of potential business for the future. Normal replacements in the automobile industry have been authori- tatively estimated at 2,800,000 units an- nually. While this figure probably would be somewhat high and had the current year been approximately normal, it Pprobably will be an extremely conserva- tive estimate of the replacement de- mand for 1931, taking into consideration many replacements long overdue. The future growth of the automo- bile_industry, in the opinion of Felix M. Farrell, statistician of the Pirst Na- * tional Bank of Detroit, ‘s expected to more and more on foreign sales.” He points out that, while the so-called saturation point may be many years distant in this country, the United States, with its 26,500,000 ve- hicles, amounting to 76 per cent of the world total, “no longer presents the potential absorbing power of the newer and more undeveloped countries, par- ticularly those in Central and South America.” Inventory Season. ‘The automobile industry enters the third quarter of 1930 with many of its factories about to shut down for vacations and inventories. These shut- downs have been announced as for two weeks. Although all of the industry leaders are not inclined to be overly optimistic, those ZM decll'fl:‘wmbe g- tirely the opposite say e im- portant thing as the half-way point in 1930 is passed is, not that conditions continue generally unsatisfactory, but that several large companies have worked out of the depression and are well on to & year of normal and sales. "‘%%“m who see the automobile in- dustry as a key industry of the Nation’ busul;zu the shutdowns are looked um’ as a_distinctly advisable step’ in - ther leveling off the industry’s produc- tion and valleys. The effort in this direction began late last Fall with the adjusting of production to demand. With close to 5,000,000 persons in the United States dependent upon the au- tomobile industry and its allied lines for employment, any current effort to stabilize production will have a wide- spread effect in hastening the return of improvement in industry and hus}- ness. Change in Models. One of the pioneer companies, long rodw:inf a line of six-cylinder models. as definitely abandoned the six for the eight cylinder type. It has been in prc duction on the latter model for severe weeks. Several other companies also will have new models out before the end of the month. — NEW YORK COTTON NEW YORK, August 7 (Special).— Trading -on the Cotton Exchange be- came more active today, and general covering in advance of tomorrow’s Gov- ernment report caused a sharp rise of $2 a bale at one time. Above 18 cents for October the market met more cot- ton and prices were set back, losing about half the advance and ending $1 a bale higher than on Wednesday. Operators were disposed to even up before the first oficial report of the season, though weather conditions re- mained unchanged and no relief was reported in drought regions. Spots were advanced 20 points. Ootton range: Qetober, v October, new. .. December, old. December, new. Ji b oWEC 1 3ZRIVAIVE old o Durant Motors Reorganized. LANSING, Mich, August 7 (#).— Complete reorganization of Durant Mo- tors, Inc, and its alliance with un- identified European automotive interests were announced today by William C. Durant, founder of the company, fol- lowing & visit of several days here, BANK CLEARINGS. NEW YORK, August 7 .Special).— New York ba clearings, toda; $918,000,000; a year ago, $1,515,000, New York bank balances, wdax 143, 000,000; a year ago, $216,000,000. New York Federal Reserve credit bal- ances, today, $141,000,000; a year 8go, $213,000,000. — Germany now has more than 500 breeding farms for fur-bearing animals. 3 THURSDAY, AUGUST 7, 1930. STOCK AND BOND AVERAGES By the Associated Press. Prom Yesterdhy's 8:30 Edition, Previou Week ago. Month ago. Toar age.. wo years ago Three years High (1930) Low (193 High (1929) . Low (1929).. *New 1930 high. (Copyrisht, 1930, ftandard Statistics Co.) CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, August 7.—The follow- ing is a summary of important cor- poration news prepared by the Stand- ard Stayistics Co., Inc. for the Asso- ciated Press: News Trend. ‘The day’s corporate news is again largely unfavorable. F. F. Goodrich Co. has decided to pass dend on common -stock due>September 2. Gotham Silk Hoslery announced wages of 800 employes have been re- duced an average of 18 per cent. Fur- ther chain store sales reports tend to substantiate the belief that results for July u:ma relatively the poorest of any mon! ear, Aggrega leading syluym registered a decline of 6.6 per cent, compared with year ago, whereas seven months’ receipts were only .009 per cent below the 1929 riod. National Bellas Hess new cata- r:gue prices show reductions 10 to 35 per cent from those previously quoted. Tie Companies. American Department Stores’ July sales Off 12.5 per cent; seven months, rly divi- te sale of 20 Seninet S0L804 i June 8 Baltimore & Ohio Railroad purchases defaulted bonds of Chicago & Alton Rallroad for $21,500,000. Bragkway Motor Truck earned 80 cents common share in first half, against $2.41 year ago. lumet & Arizona Mining July cop- peslo‘:xl:lpul. 7,534,000 pounds, against o /ear ago. O iumbla Plctures bought 20 stories | for fiiming this year. Is erecting lab- oral and office building at cost of 250,000, y Detroit Aircraft has moved Ryan Air- craft from St. Louis to Detroit. Economy Grocery Stores $297 on ave number common shares out- stan in year to June 30, against $1.71 previous year. The Companies. Buick Motor acquires Howard Auto- mobile of Portland, Oreg., large distribu- O eneral Printing Ink earned $152 common share in first half. e . F. Co. passes $1 q terly common dividend due September 2. Gotham Silk Hosiery Onyx division cut wages 800 employes on average 18 per cent. Grand Union earned -$1.01 common share in first half, against 83 cents year “ghmnm Corporation had deficit 605,787 in first. half, against prafit, be- fore taxes, $559,172, equal $1.26 common share, in 1929 half, R. Hoe & Co. $1,500,000 orders re- ceived in past few weeks; aggregate or- ders for year to date considerably below 1929 period. Lerner Stores July sales up 33.3 per cent; seven months, 41.3 per cent above year ago. Melville Shoe July sales up 22 per cent; seven months, 9 per cent above year ago. Excluding Traveler S8hoe sales July receipts increased 6 rer cent and seven months, 2.1 cent. Mengel Co. earned 29 cents common share in first half, against $2.08 year ago. Minneapolis Honeywell tor earned 81 cents common share in first half, against $1.55 year ago. National Bellas Hess new catalogue prices show _reductions 10 to 25 per First Mortgage Money for 6% BUILDING LOANS or IMPROVED PROPERTY Reasonsble Rates Prompt Action B. F. SAUL CO. 925 15th St. Nat'l 3100 laziness — gullty simply of acidity! That's the situ- |ation with many men today. They | realize that they are not themselves | —they're conscious of a vague, tired | feellng that's always with them— | they know they have to pull them- | selves together for each and every | task—but they can't tell what's the | trouble.. They're branded as lazy |and ambitionless when the real | truth is that they're sick men— | victims of acidity. Acidity, due to our unnatural eating habits, irregular hours and other violations of Nature's lawi acid-indigestion with sourness and burning. Also, it up fermentation and putrefaction in the intestinal tract, which forms poisons that sap our strength and vitality, irritate our nerves, il Charged with To correct acidity a remarkable | new product has heen developed by | a100-year-old pharmaceutical house in Germany. It comes in the forin of te tablets called Magnesia Oxoids, which do not have to be shewed but may be swallowed whole. Magnesia Oxoids, upon contact with the acid in the stomach, gen- erate nascent, or active, oxygen. “Lazy,” Said the Boss | “Acidity,” Seid the. Doctor} -| this acidity test. Now, active oxygen, as any doctor will tell you, when generated within the digestive tract, does just the things required for aoidity. It stimulates the secretion of the alkaline mucus. It checks the putre- faction and fermentation in the gastro-intestinal canal. It stimu- la! the activities of the‘intestinal walls and aids the natural move- ment of the bowels. All three effects are necessary to the true relief of acidity, and Magnesia Oxolds supply them in a perfectly natural manner. Make This Acidity Test See for yourself how much acid has to do with your sleeplessness, your run-down condition and that persistent feeling of tiredness. Make FINANCIAL exs A_1S CHICAGO STOCK MARKET By the Associated Press. CHICAGO, August T—] the complete official list of in stocks on the change today: Sales in I i Pub Uil Pub_Otil = (3 2 2885 . ;“"'»‘-HS!HS:;!-‘J:IEBU:H:HS:.Bts:!l S o = 800 Borg-Warner 100 Brach & Sons FESE S (3 RN SN, NEEEEEERENAN ! X Ers & ic Corp b 250 Chic Investors 2900 Cities Service Com’with ' Ed B LUSU.BEEREAS8 . NEEERES! =% B cent. Current inventories over 30 per | cent below year ago. National Shirt Shops’ July sales off 11 per cent; seven months, 6.4 per cent above year ago. J. C. Penney Co. July sales off 6.6 even months, up 2.5 per cent. Stores July sales up 4.8 per cent; seven months, 13.8 per cent above year ago. Pittsburgh Steel earned $3.74 common share (preliminary) in first half, against $15 year ago. Safeway Stores July sales off 4.1 per cent; seven months, up 6.7 per cent. Schulte-United 5 Cents to $1 Stores July sales up 39 per cent; seven months, 83 per cent above year ago. Had 100 stores July 31, against 75 year ago. F. 8. Starrett Co. earned $4.43 com- mon share in year to June 30. ‘Tidewater Ofl starts retail sale gaso- line and motor ofl in Pittsburgh area. 8853838, 258! & OEE w1 P 200 Gt Yakes Droc o5 ise 11500 Grigsby-Grunow .11 50 Hall Paint ... 200 Houdaille-Her’ 100 Ind Ter I 750 Inland Uil 13200 Insull _Util. 100 Katz Dr =8-8§B=-§8 EELT T FEE 3 & gatu-Nuy Es. Sens, aneY., 50 Keystone Steel 1550 Libby-McNeill B Sz : Park Utah Consolidated Mines had & deficit of 849,256 before depletion and taxes in first half, against profit of $217,090, equal to 10 cents common share, year ago. Reo Motor adds 600 men to pay roll; 500 more to be engaged within 10 days. ited Car Fastener earned 10 cents |sales of the J. C. Penney Co: Get a package of Magnesia Oxoids from Peoples Drug Stores, Inc., or any other good druggist. Take two after each meal. Nole the pick-up in your pep and vigor. Mark the new peace of your stomach and nerves. If, after, taking contents of one bottle, you don't feel decidedly better, re- turn bottle and the it will promptly and icheerfully refund your money.—Adves 'ment. common share in first half. Walgreen Co. July sales up 7.8 per cent; seven months, 20.9 per cent above year ago. Western Auto Supply July sales off , 5.8 per cent be- 13.8 per cent; 7 mon low year ago. ‘Youngstown Sheet & Tube first half earnings, $4.09 common share, against $8.44 year ago. Netional Family Stores declares 21> per cent stock dividend on common lh-resu in lieu of cash payment of 40 cents. G. K. Kinney Co. July sales off 15.2 per cent; 7 months, 8.8 per cent below year ago. 8. H. Krass & Co. July sales off 6 per cent; 7 months up 4.5 per cent. NEW SECURITIES NEW YORK, August 7 (#).—New se- curities offered today include: Swift 5 per cent headed R L s BE3SERER s 8 % 2t enass e a8 S = 82t f- g s R823 & Co., $30,000,000 notes priced at par, by s by Continental Illinois Co. Eastern New Jersey Power Co, $1,000,000 6 per cent preferred stock at $100 per share, by syndicate headed by W. C. Langley & Co. J. C. PENNEY SALES. NEW YORK, August 7 (#)—July ESERRERYE S5 Q;!!Q:-T’;;" SRS BE5E. SEEE BBEEEEEEA NS FRESE RBLEESE. o mos 2 & o8R! s & $13,602,419, compared with $14,566,471 for the like month last year. Sales for the seven months ended July 31, how- ey n?mled l&m&g’nb.un‘ the first time n the y that sales reached m-smo.oogtlm'gnk ‘before for = & is Bank Shre 1300 Zenith Radio Total stock sales Bus 8 % 102% 1 k. Y 8% BONDS. 8000 Lt v 008 sy et b an e 1000 Cni Cit Ry ctis 3s 41 Total bond sales todi The Catskills, the Adirondacks, the Ozarks, the Rockies, the Sierras—all Boston . 950 Albany . . Pittsburgh .. 7.00 Cleveland ... 10.28 Detroit ...... 13.00 Chicago ..... 18.00 RagipTRansitCo Our buses reach lakes and rivers that are not “fished out” in Maine, New Wi i York, Michigan, Wisconsin, ta, the West and Canada. Note these low fares. Baltimore .... 100 Fredericksburg 1.75 Philadelphia .. 350 New York.... 550 w\i,":.h Lexington, Va. 540 @rrones DOMINION STAGES ‘To New England's Seaboard, Atlantie City -ndElu'u New J coast our buses will take you and safely at low cost. Roancke, Va. 595 Charlestown . Bristol, Tenn. 9.70 Syracu: Buffalo ..... 1250 St. Loui 2.25 128 For party service, charter a Grey- hound bus. For information pho: Metropolitan 1512. UNION BUS DEPOT 1336 New York Ave. N.W. Phone Metropelitan 1512:3-4