Evening Star Newspaper, August 9, 1930, Page 11

FINANCIAL. BONDS HOLD FiRM WASHINGTON D.-C,; SAT'(RDAY 'AUGUST -~ 9, 1930. FINANCIAL. THE EVENING STAR, Received by Private Wire CURB CLOSES FIRM | 'INRALLYING TREND Selling Pressure Resumed, but Most Groups Re- sist Attack. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, August 9.—Rallying at the end of the first hour, after opening active and lower, the Curb Market to- :ly finished fairly firm and rather Electric Bond & Share, long the.fa- vorite leader of the Curb, turned the market upward around the end of the first hour, as it advanced more than a point from its early low level. ties Service gave tape readers some- what of a thrill as it smp&ed out of its 27 level and run up to 28, before meeting resistance. A running-in of some shorts accounted for this quick Tise, a part of which was not retained. American Cyanamid B led such rallies as took place in the industrials.- The her-priced industrials and natural shares were very dull American Gas & Electric made the most noticeable improvement in the rally. This stock dropped 7!, points to 125, and then, within two odd-lot sales, jumped to 130. Seiling attacks directed against Sachs not only caused that issue to move to a record low price, but unsettled other trust, holding com- y and trading corporation issues. e Reybarn Co. touched a new low and was followed by others. Brazilian Light & Traction was the first of the utilities to enter. record low territory. Eisler Electric again zlde the fll‘!t low mark in the radio visi GRAIN MARKET CHICAGO, August 9 (Special).—A nervous tone prevailed again today in the grain markets. Weather and crop news was bullish both on com and ‘wheat, but the desire to take profits still was dominant. Corn closed % higher to %, lower and for the week 10% to 115 cents higher. September, 981, to 98Y,: De- cember, 945 to 94%; March 981 96%: May, 93‘7 to 98%. ‘Wheat showed strength of buying based on the upturn in Liverpool and the bullish Winnipeg Free m crop | report. Closing prices were !4 to 3 Jower and for the week 101 to 11%; higher. September, 95% to 95';; De- cember, 101%, to 101%; March, 106% to 106%; May, 1095 to 109%. INFLUENCE OF DROUGHT DECLARED WIDESPREAD Special Dispatch to The Star. NEW YORK. August 9.—The wide- spread influence of the drought may be observed in the many references to weather and crop conditions in all lines of ess. Cotton traders ap- parently were disappointed that the dry weather had not brought greater deterioration in the South, for they promptly sold cotton futures in large volume when the Gnummenc estimates on crop conditions of August 1 indi- cated a higher yield that the trade had anticipated. thers professed a fear of further shnnn(e in railroad earn- m carriers make concessions to a: farmers, so they. pressed rail le. The fact that: higher crop valuations seemed probable failed to stir any speculative enthusiasm. BOND HEARING SET. BALTIMORE, August 9 (Special).— ‘The Public Service Commission will hold a hearing at the office of the com- mission, Baltimore, on Thursday, Au- gust 21, at 9:30 o'clock, in ‘"e matter of the application of the Maryland it & Power Co. for authority to issue and sell $104,000, principal amount, of first 51, per cent bonds, subject to Lhe terms, condif lnd provla of an indenture between KDY and Maryland Trust Co., ited January 1, 1930. BONDS ON THE CURB des ia Avglll: P R 6is. 2eT Ul B1gs . 1t Tel Can'$s A it Packing *se uvnmlr Tr !s 'su m!. m 41 nt St Kl fles Service S 20080008ErE 00! pagD k3 eorgia Power as % 1001 Gulf Oil Pa b ...........-..~..,,......~...-:........!..3....._ Inland Ul Insull Utiiit n B o 101n 1004 nter Pw 57 100 Inves Co 5 13 Inves Co 85 A w Towasnen Lok 53 o1 10 Jer Cen PAL 55 B |47 8 . L JOTOIPNS-~ -1 uth d 5 n:lh-x c.n'r’ B uthern 5 uthw Nat G 6 9 96 v P&L 65 A 2022 10000 1010 Co 55 '32 10214 10714 92 92 92 991 90l 807 904 ) ri Uil 55 '19 ni Lt & Ry 65 § Rubber 65 ‘33 Sweringen 6s '35 97% 97 & P 5s A '55.. 10113 101% 62100, 100 ash 55 D '80.... 100% 100% I W & Pow 55 '8 1033 103% S5 <s Sa 2, I 0 0T 0 a3 13 0 g e e 000 g4g%, aagg! 9, s ] ] o ] =, 0 SEES FSSESE NS 3 3 fii 3 T L o] R NEW YORK CURB MARKE 97 Alum Ltd cu nt(m) 12% Am C P&L(B)(10: 21% Am Com I'(A) bul. 344 Am Cwlith P(B)10% % Am Control Ol Flds. l;% Am Cynam B (1.60) ., . SroRonBanmenn - For Pwr(war).., Gas & Eleo (31). 7% Am Invest. Ine (B) e....S...S - P [S1-1-TOrPR » - 30% Asso GEE A (a12.40) 4% Asso G&E (A) dbrts 15 Atlas Plywood (2).. 84 Atlas Utll Corp..... 94 Auto Vot Ma cv pf pt 18% 124 Aviation Credit.... 2 13% Atlantic Secur Corp. Beli Telof Can 8). . o% Blue Ridge Cp (40e). 444 33% Blue Ridge v pf(a3) 6% 86 Brazil Trac & Lt(h2) o, 03 = 3P o L e T T LT e T = T Oy O A N N L L 27 CentF8(A) (al.7b) 1y Cent States El(k40c) 2% Chain Stores Dev.... 17% Chat Ph Al nv (50¢), 17% Chem Nat As80 A-v. 241 Cities Service(g3oc). 7% Cit Sve pf B (60¢)... 50% Clev El lilum (1.60). 9 Cohn & Rosen, Inc. . 3% (Lolon Oil, 22% Colts Pat F! 8 ColOll & Gas vic.... 33% Colum Pict vte (f1% 3% Com’with & Sou war. 11% Comin Wat Serv b6 % % Comstock Tunnel..w % Consol Auto Merch.. - o & - e w Con Retail $trs ( l)- . Contl Chicago Corp.. Cooper Bessemer2) Cooper Bess pf A (3) Cord Corp. - Deere & Co (m1.20), De Forest Radlo. ... Deisel W Gilbert (1% Derby 01l Refining.. Detroit Afreraft. ... Dinkler Hotels (2) . Dixie Gas& Utility Dresser(SR) A3 - Al Bastn Sta Pwr B(1). Eisler Belectric(1%) El Bond&Sha cu pt(§ 1 Bond & b (b6) .. £1 Bond & Sb of (6). Elec Pwr Ass0 (1).. Elec Pwr Ass0 A (1) Elen Pwr & L op war Elec Shareholdg($1) Elec Sharehold pf(as Empire Corporation. Emy G&F.eu of (1) Emp Pwr pt (14.04) . Emp P Ser. A (a1.80) Euro Eiec deb rts. . « Faprjcs Fininshing.. Fokker Afrcraft.... Ford Mot, Can A 11% Ford Mor.Ltd. 37 %6. Fox Theater Cl (A). General Baking Gen Baking pf (3). Gen E, Litd rete(50c) Gen G&E cv pf B(6) . 200 Globs Underwriters, Goldfield Consol. DT T T P ST S P Sreon 29% 28% 166% 1175 1 Guenther Law (2). Gulf Ol of Patl) » NACHANNER~NGER BN MR SR Imp Ofl, Can, n(&0e). % Imp Oil Can reg 50c. Indian P Ln (12%).. ind Terr 4llu Ol (A) Ind Terr Illu Of! (B) ind ¥in ctfs(b10%) . Insull Util Inv tb9% ins Co, No Am (13).. Insurance Sec(1.40). Intercontinent tn Intl Petroleum (1).. 15% % 18% % 108 104 108 115% 10 IntiSafe Rasz B(123% 304 Internatl Superl (f1) 34% Int ulfl‘!l‘.‘l A(3%). Mavis Bottling. ..vee 10% Memphis Nat Gas... 8% Met & Min, inc(1.30) 415 Mid Sts Pet v.t.e. A.. 26% Mid Wat Util(b8%). 97 Mid W Utcv pf xw 6. 43% Midland Utd pf A(3). 15 Mo kan F L \D10%). 1 MissKPLV.LG,.oo 12% Miss Riv Fuel bd rta. Miss Riv Pwr pf (6). 31 Moody's 18 ptpt (3) 3 Mount Prod(1.60)... 6 Nati Amer Co. . 33% Natl Bond & 8 (26¢). Da PrpfA (7). 7% Natl Fam Stra(1.60) 8 Natl Food Prod (A) 26% Natl Fuel Gas (1) 11 Natl investors. 21% Nati Pub Sv A(. 160 Screen Sve(i).. 12 NatSh Tm See(f60c) (Osc.) (62%c) g - (TS L N PSP Y T P T L L L Y @ 2. 8% Niag Hud Pwr B war 20% Noranda Mines (2).. %4 NoAm Avial A war.. 23 Noth Euro Oil Corp., 22% Novadel Agene 12% .. 4 Uhilo Copper. 31% Ohio Ol new oo 25l Peoples L&l, A az.40 41 Pilot Radio T'ube(A) 20% Plymoutn Ul \Z 4 Premier Gold (2 & White(2be) Prince & Whit piié) 12% Prudential invest... =S 5 Rainbow Lu Prod A. 2% Raigbow Lu Prod Ba 2% Reiter-Fosters.oouae 5% Reybarn Co. 75% Richman Bros (3). .100- 2 Rooseveit Field. .. 5% Rossia Intl Corp. 8 Royalty Cor pf ( 8% Ryan Consolidat: 18% St Kegis Paper (1).o 8% Salt Creek ¥rod (1) 14% Saxet Co.ivvrervnica 5% Seaboard Util (50¢c). b Seg Lock & H (buc).. 5% ‘Selectea Lndustries. . Sel Indust ctfs (4%). 55% Select ind privis)... 2% Sentry Safety Cont.s 81y Snenandoan Corp. ... 33 Shenan Corp pf (al). 15% Stlica Gel CLfs...... 85 South Penn OLl(12%) 4% Southern Corp. SWPwr&Ltp 5% Standard Moturs, 47% Stana UlL Ina (334). 40 30 Stand O1l KY(11.80) 11 44} Stand Oil, Neb.(13%; 2 77 Stand VIL Vhio(24), 50s t O14, Ohlo pf (7). .0 tand Pwr & Lt (2)., Stand Pwr&Lt B (3). Surrett Corp. Starrett Corp pf (3 ¥ 59 » EIS L [T 6% 54 14 30 Sunray Ul (40¢) 54 Tampa Kleotrio (33) ¢6% Technicolor, Inc.... 8% Texon Ofl & Ld(250), 2 2% Thatchber Sec Corp.. z 65 Tnermold Co pf \7).. 268 Tri-Cont Corp (war) Tri Utliities(31.20).. Trunz Pork 8 (1.60)., Tung Sol Lamp (1)..\ 11% Twin8tNGAptl) 17% Ulen & Co (1.60). 21% Ungerleider ¥ Corp. 26 Un N GofCan (11.60 % Union Tobaceo. s United Corp 4 Unit El 8ve pr war.. 15% Unit Found (b2-35 sh 107 12 United Gas Co (new) 46 United Gas (war)... 6 10% U S Elec Pwr ww. 36% U S Gypsum (1.60).. 11 US Lines pt (1) 13% U S & Overseas war.. 9 Unit Verde Ext (2).. 9% United Wall Paper % Unity Gold. ... 14% Utility Pwré&L 37 UUl P&L B ctfs (a1) 12% Uulity & lna 10% Utility Equitie: 76% Vacuum Ofl (4). 6% Vic Kinan Corp (40e) 30 Walgreen Co.. 11% Walgreen Co (war) ., 814 Walker (H) (1)..0ee 8% Wayne Pump, RIGHTS. % Segal Lock. ... Expire. ..Aug. 13 2% (3] 28 27% 00 100 45% 45% 19% 19% % 1 14% 4% % 10715 107% 9% 3% 10% 104 6 6 8% 36% 1064 106% 9 8n 80% 30% % 6k 6% 116% 1154 495 Sl 4% 8% 1% 1% 50 49% Sl 31% 4% 4% 8% T8% 18 118 56 56 56 13 32 9 6% 17% 12 1% bl NEW YORK STOCK EXCHANGE Direct to The Star Office. Received by Private Wire (Continued From Page 10.) ~Prev.1930—~ Stoc! High. Low. ll!\y 100 Reading Rwy 14)... 47% Reading 24 pf (2) 34% Rea) Bilk (5 23 Rem Rand (1.60).... 92 Rem-Rand 1st pf(7), 95 Rem-Rand 2d pf(8).. 8% Reo Motor Car 80¢c) 37% Republic Steel (4) . 86 Republic Steel pf ( 23 Reynolds Metals (2). 3 Reynolds Sprin 45% Reynolda Tob B 14% Richfield O11 (3). 15% Rio Grande Oil (2). 27% Rossia Insur (2.20) 49% Royal Dutch a3.2165 1 4% 9 40% 29 4% Schuls 9 35 Schulte Retall pf(8). 108 7 Second Natl Inv. 58% Sec Natl Inv pf (5) 6% Servel 106, ..... 16% Sharon Stl Hoop (1). 31% Shattuck(FG)(11%) 18. Shell Union (1.40). 8% Shubert Theatres. 21 Simmors Co. 18 Siams Petrm 20 Sinclair Con Ofl (3).. 28% Skelly O1l (2) 52% Southern Cal 9 mv- Splegel-May-Stern. . 17 ‘Stand Branas (14).. 84% Srand G& B (3%). 61% Stand G& Epf (4), 0 6% Stand O of Cal (3%). 98 Stand Ol Bxp pf(5). 58 Stand Ol of N J(12). 30 Stand Ol N Y (1.60). 9% Sterling Sec (A). 11 Sterling Sec pf(1.20) 36 Sterling Sec ov pf(3) 19% Stewart-Warner (2) 70% Stone & Webster ¢4). 25% Studebaker Corp (3). % Submarine Boa: 38 Superheater (13 2 Superior Ofl 2% Symington. 110 Texas & mmu 6)ee 60% Texas Corp (3 48% Tex Guilf lul)fi!!“) 8% Texas PC&Oil..... 13% Texas Pac Land 17% Thatcher Mfg (1. 0). Thermold Co. PYUIY. PN e Thompson (J R) (3) 20 Thompson Prod(3.40) 9 Thompso lun 10% Tide Wi 8 Tid or Al (8 m mD'tAx(m)n e eannrodRE8. - 4% 40% 0 60%. 61y lOSM 103% 103% 67% 31 ana Dividené Bate. AG4 00 Bish. Low. Close. Glos, 1 104% 104% 104% 105% A7% 401 264 265% 25% 68l 31 10% 1% 39% 24 5 29% ¥ 434 2% 3 . 122 1% Prev. 48 40% 26% 554 115% 7% | 1 17 19% 883, 65% 61% 103% 68 314 10% 12 39% 23% % 29% % 2% 3 8% 13% uu 9 45% T 143% 84 34k 108 156 24% 11 1, Siock and 20% Transamer (31.60).. 276 16% Transcontl O1l (30c). 9% Tri-Contl Corp. 89% Tri-Cntl Corp b 25 Truscon Stl (§1.20. 83 Und-Ell-Fischer 60% Union Carbide (2. 26% Union T'k Car (1. 0)- 43% Utd Alrcraft. 40% Utd Carbon (2)... 5% Utd Cigar Stores.... 28% United Corporation. . 7 Utd Kleatric Coal. .., 81% Utd Gas & Imp(1,20) 4% Utd Stores (A) 15% Utd Stores pf. 9% U 8 Distributing 2% Univ Pipe 30 ULl PwraLt A (63). 214 Vadasco Sales Cor 49% Vanadium Stl ¢14).. 4 Va-Car Chem... 22 Va-CaroChem 6% vl 101 Va El & Pwr pf (6).. Vulcan Det (4)... 21 Walworth Co QID 21% Ward Baking (A). 4y Ward Baking (B).. 28 Warner Bros Pict. ... 3615 War Bros P pt (2.20) 12% Warner-Quinian (1), 40% Warren Bros (3).... 50 W'ren Broscv pf (3) 3% Warren Fdy & P (3). 104% West Penn Pw pf(8). Western Dairy (B). Wextark Radio Strs. 27% White Motors (3),.. 36% White Rck l!l"*) 11% Wileox Of! & Gas 8% Willys-Overiand.... 62 Willys-Over pf (7).. Pump. 67% Wrigley 4Wm) .7 12% Yellow Truck. llok 108 Young-Sheet& T “)- - 16% b% Zenith RadiOsssacnss - 34 . Low. 62% 3% 19 Close. 3 815 19% 17% 11% 2% 28 88% 6By 6% !ll} 212% 27 7 52% 168% 159% 145% 145% 4 44 81 3w 2% 2% 801 82% 4l 4l 23 234 m)u lg. zuw Direct to The Star Office 11% 40% 8 2 1% HEAT AND DROUGHT @ONDS:] RETARD BUSINESS Slackness in Commercial and Industrial Lines Noted by Reviews. 14 | Special Dispatch to The Star. NEW YORK, August 9 —Wholesale "" and retail buying have been reurflz'g uh and industrial activity 107 39% los. curtailed some extent by the heat and drought of the last week, according to the reviews of the commercial agencies made public ‘These points are emphasized yesterday. B% above nll others, but notice is taken of the fact that the aridity has been re- lieved partly by showers in some of the Midwestern areas. Bradstreet’s reports indicate that the heat and drought have injected “new and as yet uncertain elements, not only into the general domestic price situa- tion, but also -continue, as in recent weeks, to retard wholesale and retail buying and slow down some industries which haye resumed operations after the very general shutdowns of July.” These reports also point to “partial re- lief from the intense dryness, mainly as the result of showers in central areas east and west of the Mississippi, includ- ing parts of the Dakotas, Nebraska and % 2% | Iowa, and especially aiding to improve 30% | slightly the rather better than earlier 5% | ine ited outlook in the Spring wheat 31% | Northwest.” Better Weather Reports. “Better reports as to weather also % | come from many points in the South- 26 east, particularly in the Carolinas, 7 | Georgia and Florida, where past rain- fall appears to have been better than in most of the rest of the country,” 14n | Bradstreet’s continues. “Otherwise there 47 | there seems up to the time of writing 96 to have been little change for the 10% | better in the main central areas lying b 3 between the Alleghanies and the Rock- ies or in the Atlantic States north of 6% | the Carolinas. 74 2% 14 21% 11 16% b 5 6 | 67 5Y% 2% % 4ln 16% 36% 6% 1164 1% 49% 1% 4% 35| “In industry the favorable features this week include a resumption of work b¥ several hundred thousand employes the automobile industry and con- tinued marked activity in the making of gas pipe, with heavy orders booked ahead. July output of pig iron and steel ingots lell heavily from June and from July a year ago. Stiff prices for scrap, but ease in several kinds of auto- le steel, were also outstanding fea- tures. Silk manufacturers in July in- creased '.l‘k'an:lc k:at luwt s&l{s h::Jvfly as compared with the low totals of June. m from other industries are not my different from those earlier 5" Bradstreet’s report on building rmits in July shows a gain at New ork City over June, but reductions offsetting this at other cities, with very neral decreases from July a year ago. cific Coast lumber producfion is about half normal and the same is true of hardwood ?lroducuon in the Middle Mississippi Val “The status ol agriculture, always highly important because of its funda- mental bearing on the general economic situation, has attained the position of outstanding prominence,” says Dun’t Review. “Prolonged -heat and drought over much of the eountry have had their chief damaging in ‘results in the great _corn-producing areas of the Mid- dle West, while injury to some other crops and live stock also has been seri- ous, and there has been a sharp re- versal of the declining trend of prices for various farm staples. The latter movemmt has lessened the excess of in Dun’s comprehensive list Y ot wholesale quotations, and its influ- Prey. Clowe. 20% 25% | Irvin 284 ATn 13 45 b2 30 b ence was pflnlz reflected in the smaller ratio b:{ reduc in the monthly index number. Forward Needs. “It is yet too early accurately to gauge the probable effects upon busi- ness of the changed agricultural prospects, and thesmain response thus far has been in the sensitive speculative markets. Elsewhere, with few excep- tions, activity has continued at low ebb, the normal Midsummer repression of trade beln1 accentuated by the un- usual conditions prevailing this year. The numerous statistical indices have plainly revealed the extent of the com- mercial setback, and no definite uplift was to be expected during August, but there is a logical inference in many quarters that at least some seasonal re- vival will come with the Autumn. “Conservation, in providing for an- ticipated forward needs, is nearly everywhere évident, yet there is the wholesome aspect now, with the cur- tailment of manufacturing, of a closer alignment between ocutputs and sup- plies. That phase, although not of im- mediate benefit, is regarded as one of the basic forces making for ultimate recuperation.” NEW YORK COTTON NEW YORK, August 9 (Special).— The cotton market staged a rally today after coming under heavy selling pres- sure again the first hour, during which several deliveries made new low prices for the year. Predictions of unsettled weather in the Western belt over Sunday and a weak stock market carried October to 12.20, when the weekly weather forecast indicating the prospect of only scattered showers the middle of the week de- veloped a covering movement and prices rallied 15 points before the close. Final quotations were a few points higher than Friday. points to 13.60. Cotton range: . Low. 12.48 Close. 12.61 1236 1275 Qctober, tober. NEW YORK BANK STOCKS NEW YORK, August 9 (#).—Over- the-counter market: America Fifth Avenue First National N Y111 Harriman Manhattan Co. Peoples National . 3 TRUST coMPANIE: nt H L Chelun Bk 1. I Chem Bk & Tr.... Corn' Exchange " County . Guaranty’ SHORT-TERM SECUB,ITIES (Reported by J. & W. Seligman & Co.) Bid. Atked. Allis-Chalmers Co, bs 1037 g American T’m a 83n 1o gm Tuo 4‘ 8 et S e helt incl tan i gl . 8. Rubber ul Western E| Y“‘c"r“u . ik Wheelins & TD. Spots were advanced 5 UNITID .TAT‘& Libéth44s.. 31032 108 Folllfl%fi_ Argenting Copenhagen §a rots Danish Munie 8s A. Danish Munic $s B Denmark ¢ %8, Dutch East Ind ¢ Dutch East ] 6; kir M Gor't 5%5'30-'35 rcu German Bank 6s Ger Gen Kleo 7 Haiti 6s... Hungary 7% stalian Pub 8ve s Japanese ¢s. . o Norway b8 Norway 6 Norway 6 Norway 6s Orfent dev 5% 6 Orient Dev Paris-Lyons-M 9 Prague 7%s. .. .' Queenland 7 Ry Rio de Janeiro Rio 1e Jan 8s ‘46, Rio Gr du Sul Rio Gr Du Sul Rome 6%s. . R'y’l Duteh ¢ % sww Serbs Cr Slov 7s. Crot-Slo §: Solssons 6s. Swiss Conted MG OO BROH GERRERS N S KRR NS RRNANHN AN -0 SON NU RANHOI A NAHADL AROEN BRBE AN B Tokio 5%s 6 Utd Kingm 6% Utd SS Copen Uruguay Vienna Warsaw Yokohama MISCELLANEOUS. Alleghany 6s°49,... 10 99% Am Agri Chem 73%s 2 Am Beet Sugar Am For Pwr bs 2030 2’4 ki3 Am Metal §3%:s 34 Am Smit & R 1st b Armour&Co 44#'39 8 Armour, Del.6%s.. 13 Ball Tel, Pa. 68 (B) 1 h Steel rf 2 East Cuba Sug 1%- 9 Gen Mot AcCor 6s. 6 Gen St Cast 538’ 4 Gen Thea Eq 68 '40. Il Goodye! Humble O & RE%s. Intl Cement Intl Mateh 8 Intl Paper §: Intl Tel & Tel 434s. I"; Intl T&T 4% Int] Tel&Tel 6 McC'rmek KR Montana Pwr ‘4 Montana Pwr db Nat Datry ll No Am Nor Ohlo Postal Tel & C b%s Pub 8ve G 4%s'67. 2 Pub Serv G 438’70 10 Rem Arms 68 °'37... 25 Richfield Oll 6 E Sinclair O11 6 44w, Sinclair Ol Ts. Stinclair Crude 6%3 27 Stncialr P L, bt 1 Stana OiL. NJ Stund Ol N Y.4%s. Sug Es Ortent 7 Tex Corp cv b3 ‘44 Tranacont] O1} United Drug b8 ‘6 ** 8 Rub Lat rf b Utah Pwr&Lt 6s. Utilities Pwr 6%a. Willys-Ov 8% Wilson & Co 18! RAILROAD. Ann Arbor 4s. . Atchison gen Atl Coast L 1st Atl Coast Line ¢ Bang&Aroon 48 ‘51 Boston & M 6» 1985 Boston & Maine ba. 105% 106 101% 103% 8% 994 102% 103% 4 103 99 103% 105% 103 5T% Sales. High. Low. Close. 2100 100 100 1 mm 1om ”K CCC&StL 4% ). Cley Term 4%8'77. Del& Hul'nt 4843 Grand Trunk 7 Grt Nor 4%s (B)... Gt Northern 5: O RBanANN e B8 aa-%»-! 8-8 8 _a 2 ol 't Rap Tr b8 np‘.. it Rapid Trans Int RysCAm Kan City Sou 3 uk Shore ¢s31.. unids,. n-nRy 18t ¢ Mill EIl Ry&L 89’61, M StP&SSM con 4s. M StP&SSM 6s gtd. CHATHNN Ok 0 HNBNHGN~B- 8.2 Ore Wash 1st ¢ Penna 4%s 197 Pdnnn‘nns-.". Penna 6%, Pitts W Vi = Reading 4%s B. Reading J C Rio Gr Wst 1st 4 StLiM&S - SBAIlFias'35 A, Sou Pac ref ¢s.... Sou Pac 4 %4s rots. . Sou Pac 43869 ww Sou Rwy gen ¢s .. a o O A CORRAN AT e e IS e NA o ADaN ARabe Third Ave ad) bs. Union Pac 48 Union Pae 4% Virginia Ry 1st West Shore 1 ll. -~ 1‘ CHICAGO STOCK MARKET By the Assoclated Press. CHICAGO, August 9.—Following is the complete official 1ist of transactions in stocks on the Chicago Stock Ex- change today: . Low. Cl Adam 32 noo AT ot i Am Pub Ser b 97 4 Am Pub Uuil par pi. 233 Am Pub Uil B 101 Metal 1900 Bors-Warner rin Vivitone pi. 2 | the employes TR I’y W85 400 Cans 2100 Gont cmu o t Chi 4 Gorp”. Sec & "g;sns 100 Greyhound 600 anru;’umno- % o B RS 100 Houdaifle-ie ,l‘o Inl ‘l.na %“ S8, 888282 SR W& FEEEEE 225 m u\ i | Waeer 'hu ‘x'um mv.‘uvm Soviet Trade With U. S. r U acco! ing to an analysis by Mdody's of for- tics. D\mn( the flufi !five months of this year e: | the United States to Russia nno\mtld 1.5 per cent DESHTE SELLING Market Shows Stronger Tone at Close After Forped Liquidation. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, August 9~—After ab- sorbing & heavy volume of foreed liqul~, dation during the first hour, bond trad- quieted down today and the market’ exhibited a stronger tone. Prime bonds were generally higher on, the dly. while semi-speculative indus- trials, ralls and second-grade foreign credits had an lar Money rates were uncl hung over the investment market ex- cept the weakness of stocks, and when stocks steadied a little before the close convertibles immediately picked up. Generally speaking, the declines at the opening were in those bonds most sensitive to stock movements, such as St. Paul adjustments, Pathe 7s, Richfield oil 55 and Hudson-Manhattan income and in the fore! deurtment Ol'l- enhl Developmenf- sy Poland T7s, Lautaro Nitrate 6s, uim Bank 6s and Vienna 6s. Australian.5s (1955) were l% points lower, reflecting news from that coun- try that unemployment hl reached lo, or roughly 10 per cent of all en:fl loyed, md that a grave eco- mmic In the md\umul Natfonal Dairy Products 5%s, Brothers_ 6s, American_Sugar Refining 6s and Phil- lips Petroleum 5%s were Municipals wer; still_hea mm de- '.khunlfll mand and counter The week showed a general of prices, with prime issues now yield- ing from 3.10 to 3.90 perelnt. ABSENCE OF WAGE CUTS HOPEFUL SIGN Special Dispateh to The NEW YORK, August 9.—The most hopeful sign of the present business de- pression is the absence of any concerted movement on the part of big business to reduce wages, according to Fortune, the new magazine of business, which wams in an article in its A‘J‘Ull lalun that Any tendency in this would be the surest sign of cven mon protracted bad times. against 4 more acute crhh and an in- dication of better times to come, * * * Today, the American eager to purchase eq n 2% | wealth, the hypothesis of unlimited con- collided sumption has with a reality of surplus supplies, and the traditional trade-cycle egnewt has substantially returned. Yet even at a time when so much of the old structure of prosperity has been swept away, American in- dustry is still clinging to its high wage rogram. The theory of and !re(ghl-elr loadings permit and 1 nmnmmmu:-mmnn- Drehensive and EMPLOYES GET $900,000 IN PROFIT DIVIDENDS Special Dispatch to The Star.” NEW YORK, August 9.—Profit-shar- ing dividends amounting to over $900,000 were paid in cash or credited to Proc- ter & Gamble employes, who are profit sharers, for the 12 months ending June 30, 1930, according to an announce- ment of the company. This is the largest sum ever paid to employes over a one-year period since the inaugurated 43 years ago. Officials of the company stated that who are members of the profit. ng plan uil.htr own oum'h or have subscribed for 235,638 shares y's common stock, the the basis of of the com] vnlue of which, nnued on the t marke! y $18 000000 & Gamble now operate plants at cmcmnm New York, Kllllll Citys | St. Louis, Chicago, Baltimore, Dailas | and “Hamilton, Ontario, Canada. 4 t sharing, the also has a plan year-around employ- ment in effect in all of its whereby the employes are assured of & minimum of 48 weeks, work per year with full pay. . Markets at a Glance NEW_ YORK, August 9 (#).—Stocks heavy; leaders resume decline after mo- mentary rally. Bonds sluggish; prime hsuu show firm undertone. Curb, rregular; short covering reduces mod- enu early losses. Foreign exchanges aundy German mark advances. Cot-. ton steady; week end covering. Sugar, holilay. Coffee, holiday. CHICAGO, August 9 (P).—Wheat barely steady; bearish n esti- mate and hedge selling. Corn firm; bullish Kansas and Illinois reports and continued hot weather. Cattle steady. Hogs irregular. P S L R BALTIMORE STOCKS. Special Dispatch to The Star. BALTIMORE, August 9.— 50 yresslcmml boomnm ' de= ar as ble, lvllu, clares the monthly, safeguard “If economists today i dustry were preparing pay rolls; if forward not to & or tire post-! with s into the Y Last sales. 5 Credit "t 3 Congolidy ud"on ‘com. 10 &M} ’“ fl;‘ u:.z.‘?;a...n’h:m otd, bR b} 0 United \yenue, Market 6a.. uou income 4. 2000 North 1000 United FOREIGN Excwau (Quotations furnished by W. . Hibbe & oa) SRR it luo B TIEASVIY CERTIFICATES. lh-ormoy.v & W. 8ol n & ey,