Evening Star Newspaper, August 12, 1930, Page 15

FINA PRICES ARE MIXED IN CURB TRADING Market Has Slightly Lower Trend as Sales Volume Continues Small. BY JOHN A. CRONE. | Special Dispatch to The Star. H NEW YORK, August 12.—While Wall | Street tried to estimate the effect of erop conditions on prosperity prospects, professionals tod: issues on the Curb Exchange that might be affected and traders and public alike paid little attention to the rest of tne list. The result was that prices drifted slightly lower and dealings fell more than 30 per cent below those of the| Pprevious session. Electric Bond & Share was fraction- ally below its opening quotation. This was also true of Cities Service and some of the other standard issues such as Pennroad Corporation, Vacuum Oil, American Cynamid B and United Gas new, while Standard Oil of Indiana showed virtually no change. Pord Motors Ltd. led all usuu in the forenoon in point of trading interest. Opening on a block of 2,700 shares ll 22%, off a point, it later regained of is “carly loss, reacted and i -ad Johnson sold off more than 2 points despite the showing in its six months’ earnings statement which set & new high record in profits. Buckeye Pipe Line was one of the first stocks to record a new low mark for the year. Other pipe line issues advanced in early trading. Chesebor- ough Manufacturing, an inactive issue, came out at 147, off 73, points. Store Shares moved lower along with the food and beverage stocks. Walgreen Drug lll}!ped and its warrants hit a low level. American Maize Products was sold on the theory that its profits would be affected by higher corn quo- tations. Orange Crush on the sale of 300 shares broke 315 points. Great Atlantic & Pacific Tea, which has reported consistent sales gains this year, again_encountered & thin market and 'sold off. Te & Co., one of the t‘rmuimplemnnt shnu, opened off % poin National Screen Service headed the downward trend in amusements and was followed quickly by Tecknicolor and Fox Theaters A. Specialties, such as Moody’s partici- soc g preferred, which was up per Bessemer, which rose fractior , and Doehler Die Casting, also up a t, showed firmness in the lflkmoon Aviation Credit Corporation again featured early dealings in the air shares going into a new high level. Fokker opened unchanged and Douglas :.Fd Detroit Aircraft were both slightly wer. H ang,"OMESTIC BONDS. = hous: Low. Close. 3'Abbott Datri : “1“}'”'"“ iries 8 42 08 o 04 s i llm 99t 99 1085 10014 905, i B oM kel 3 i um 103 * 103 ° lga l e 1083, 108% lg’a 102 1025 1 k] g 2 7 9gart od HAg 2393 & »I0Q wTwi5 5 2008 P! I S SEEREE 51 g £ s:E’ $oshovginiinim i 100! Ogsg 2258 s " ] aa A 99! 32282283 # W s oaBeaSnauunn! s ke 4 Florids P & L 37 Gatineau Pow e Georgia Power § SN O o B uif Oil FEET 2p P&L 56 A '57. o Tosut il 6 7Inter Pw Se 8 :=§§§E§:§§§s== 2zezseiiegas °§=..= 37 &'E Lan lxcl\lnuor [ !0 XW lo KDDDPU G & C 5 ° L 108% 108% xoav. 92 3. 93, w % TBu 2 L 10322 mu, 1034 1031 thw ;suna o s-.. ‘39 xw Standar a'p‘i 61 | Pow i 3 Wes Tex Ut 5s A '75 93'2 | ronuon BOND: hammered a few: ! | and Gas Journal estimates a decline of NCIAL. - Ad Th Aeronautte Ind wars 19 3 Alr Investors v.t e % Allled Aviation, . 8ig Allled Mills (80e)... 210 Aluminum Co of Am 6 Am Capital pf (B)... 35% Am Cit P&L(A)(a3) 12% Am C P&L(B)(10%) 21% Am Com I'(A) b10%. 34% Am Cwlith P(B)10% 17% Am Cynam B (1.60) 3 Am Dept Stores. 12% Am Equiti 38% Am For Pw: 104 Am Gas & Elec 7% Am Invest Inc +B) Am Lt & Trae (234). Am Maize Prod (2) 1% Am Maricabo: £0 Am Salamand| = " - L T R P ToY F - rep o) 16% *9Y, 40 624 94% Am Sperpwr 1st (6). 14 Am Transfor (1.40). 7% Am U&Gen B vte 400 6 Anghor P F (h10%). 8% Appalachian Gas. 8 Arcturuas Rad Tube. 8% Arkansas Nat Gas. 8% Ark Nat Gas (A). 5% Asso Elec Ind (30¢). 33 AssoGas & Elee 304 Ass0 GEE A (ar2. 8% Asso Rayon pf ( 8 Atlas Utll Corp. 3 Auto Mu Ins A( 124 Aviation Credit. 45% BancomitCorp( 64 Blue Ridge Cp HO.) . 23% Blue Ridge cv pfial) 3% Brazil Trac & Lt(h2) 24 Brillo Mfg (A) (2).. 54% Buckeye P L (4).... 2414 Buft.N&EP pf+1 60). 3 Bwana M Kubwi % Cable & Wire A rets. ia Cable&Wire (B) reta <5 SauvasrSuntorarne AN ARLN na—me 15 Ceco Mfg Co (b8 %) 12 Cellulold Corp, 3 Cent Atlantic Stat: 90% Cent 11 Pu Sve 69, pt 208 254 Cent Pub Sve. Del... 264 Cent P S (A) (21.75) 19 Cent States El(k40c) 2% Chain Stores Dev.. . 17% Chat Ph Al nv (50c) . 17% Chem Nat Asson-v. 184% 140% Chesbrough Mfg(15) 11¢ 106% ChildsCopf (1).... 2 6 5 4 4 4 1 7% Col Oll & Gas vte. 831 Colum Pict vte (f1%" 3% Com’wlith & Sou war 11% Comm Wat Serv b6% u Consol Auto Merch. . 3% Consol Copper . 10 Consol Laundrie 7 Con Retail Strs (1 28 Cooper Bessemer(2) 6 Cord Corp. 19% Corp Sec. Chi 913 Corroon & Reynolds. 65 Cor & Rev pf (A)(6) 22 CosdenOll......... 10 Courtaulds Ltd(46e). K% Creole Patroleum, .. 15 ~ Crocker Wheeler... . 9% Crown Cork IntlA (1) 30 Crown C&S pf(2.10).12¢ & Cuban Cane pr opt w 34 Cuneo Press (2%) 6% Curtiss Flying Sve.. 214 De Forest Radlo. 16 Delsel W Gilbert 10 8¢ 8% Doehler Die Casting. 2% Douglas Alr (76e). .. 31 Dresser(SR) A(3%). 4 Dubilier Cond & Rad 140 Duke Power (116).... 8% Duquerne Gas Cp w.i 2% Durant Motors. 42 25% Eastn G&F Asso. 23 74 Eisler Eelectricf1) 117% 70% E) Bond & Sh /b6).. 95% 92% EIl Bond&Sha cu pf(5 xoou INM. [El Bond & 8h pf (6).. % Elec Pwr Asso A (1) !m Flec Shareholdg(11) 7 Empire Corporation, 12 Empire Fire Ins. . 86% Emp G&F eu nf (7). Emp Pwr pt (14.04)., 16% Emp P Ser A (a1.80). 3% Ruro Elec deb rts. .., 12% Europ EL Ltd A(60e) 2 Fabrics Fininshing.. 2% Fairey Av Ltd (12¢c). & Falcon Lead . 11% Finance CBaltA.... 13% Fokker Afreraft,... 28 “Ford Mot,Can A t1% 10% Ford Mor.Ltd 37%e. 47 2% Fox Theater Cl (A). 20 Garlock Pkg (1.30) 2 184 209 17 7 o R 90031 09 510 19001 1010 010 ~13014 00 00 0 14 00k i s TV N0 i et ek R k200 1k O 4000030 1 1 Gen Pub Sve pf (6). 9 Globs Underwriters, 6 Goldberg Stores (1) 2% Gold Coin (new) 2% Golden Center 29 Graymur Corp. 180 GrA&PTnvib).. 1154 Gr A &P Tea ot (1)... 108 10 Groo Btores Prod vte 2315 Guenther Law (2) 117% Gulf Ofl of Pa(1%).: 86 Horn & Hard (3%).. 13 Houston Oil of Texas 33% Hydro Elec See (2 84 Hygrade Food Prod, 303 Il Pipe Line (20)... 508 18% Imp Ofl. Can. n(560e), 41 60 Indus Fin cv pf (7)..100s 63% Insull Utll Inv tb9% 3 15% Insurance Sec(1.40). 1 11% Intercoast Trade (1) Inter Cigar Mach ney 17% Intl Petroleum (1). . 46% 30% Internatl Superi (f1) 6% Internatl Utll (B)... 5% Intl Utll war (new) 744 Interstate Equities.. 1 100% Jer Cen P&Lt pf (7). 1508 106% 1 2 2 30% 20 12 15% 19% Knott Corp (a2,40).. 3% Lakey Foundry 15 Lazarus F & R Co 13 W 4n 'THE EVENING STAR, WASHINGTON. (2508) 106% % 20% 4% 13 13 Note—All stocks are sold in one hundred-share lots | —.Tnvluu- exceptiing those designated by the letter s (i which shows those stocks to be sold in odd Jots only. 0. Low. 1w i.eu 34« Lerner 11% Libhy McNell & L. 84w Lone Su 2 Louista 30'% Man De; I Mavis Bottiing... . .. §8% Mead Johnson 12.14. phis Nat Gas. .. 1o Mot b, Ine(1.30) 26% Mid Wi 1% Mid We Mid W Sta Ut (1%). Mid W Ut cv pf xw 6. Mo Kan MissKPLv.te.... Moody's 1 8 pt pf (3) Mount Prod(1.60)... 2% Ne: Brad Oll (5063, 304 Newberry(JJ)(1.10). Newmont Min (f4) 9 10% N Y Pet Stoek and Dividend Rate, ra vl 3 » 1% 1% Received by Private Wire ect to The Star Office es— . Open. High. Lew. Close. Stores 12). 101 134 a6% 2% 29 1% ar Gas. n (1), na Lan & Ex. arborn Corp 9 RO E R AN AR RN W KN~ IR AR A e t Util(b8%). st Ut A war., PL(b10%). S Royalty. . 106% N Y Pwr & Ltpf (7). 113% N ¥ Tel pf(6%). 104 N. Y. Transit (11. H. Power (40c) No Am Aviat A war.. Noth Euro Oll Corp, 354 Northern P L (15).. 95% North 8 21% N W En, 3% Ohio Cop) T% Oilstocks leA(l 20 Orange 23% Pac Pub 8ve (1.30).. 264 Pac G&E 1st pf (1) Param’t Cab( bl‘) . Penn Mexic Fuel (1) 10% Pennroad Corp (20e) 17 26% People 80% Pepp 2% Petrol Corp war. 20% Ple Bak 434 Pilot Radio Tube(A) Pitney B P.n (300).. 106 Pitts& L E (110) 10 13 Pittbgh 20% Plymout 38 Power Securities pf.. 84 Prince & White(26c) 12% Prudential invest, ., 15 Pub U] 9344 Pure Oil pf (§),, 6 Ralnbow Lu Prod A, 2% Rainbow Lu Prod B.. % Re, 5% Reybarn Co. . 1134 Rich OILCal, p(1%) 19% Roan Antelope Min.. Roosevelt Field.Ine.. 39% Rubberotd Co (4). 18% St nul- rn- Q) Sa: 2 5% Schulte 5% Seaboard Util (50¢). 51 Selberll: Sel Indust ctfs (4%). 2% Sentry Safety Cont.. 55% Stand P t Pwr pf(6). gineer (2)... Crush (1.60). Bosace oo L&P. A 8! 11 MIg (8, 40 - of Am A = - g EETCT S U T 1o o Forg (1.60). th O1) «. 1 Hold w w. 53 PO BN I o S o So® Real Estate.. ng Rubl TN 38 O RO R ). wr & Lt (2). 99% Std Pwr & Lt pf (7). 1008 smnm 30 Swift Internatl(2 “) 5 BSyrao Wash M B (1), 25% Technicolor, In: 4% Teck Hughes 28% Tung-Sol L pf (3) UnNG % Union Tobaceo. 15% Unit For )& Co’(l 60) . of Can (1. G O BN MR N und (b3-36 o8 6% Unit Car Fastnr(80e) 12 5 United Gas Co (new) United Gas (war). 91% United Gas pf (7). 27% Utd Lt & Pwr At1) 80 Unit Lt&Pwr(B) ( 97% Utd Lt & Pwr pf(6). 9% United Wall Paper. 37 Pwra L Utll P&L B ctts (ll) 12% Utility & Ing 76% Vacuum Oil (4) 5% Van Camp Packing 2 6% Vic Fint 30 Walgre rates as given in DaTments based on the 8 Unit of trading less th in stock. §Pay: no regular rate. b Payable in stock. able in cash or stock. Venezuela Petrolm. ., an Corp (40¢) Walgreen Co. n Co (wu).. o Toient Suarteny o 100 fllm 1Plus 9% In are {Partly extra. 1Plus 4% tock. ~a Pald st sour— 6% in serip. A Pay: {Plus 10% in stock. & Plu in stcek. Plug 3% in ctock. i Plus 8% In stock. & Plus 3% In stock. b Plus h 8% in stock DROP IN OIL OUTPUT SHOWN BY SURVEY Trade Journal Says Decline of 20,104 Barrels Daily Oc- curred in Week. B> the Associated Press. TULSA, Okla., August 12.—The Oil 20,104 barrels in the daily average pro- duction of oil in the United States for the week ended August 9. The total was placed at 2,478,259 barrels, as com- pared with an average for the preceding week of 2,498,363 barrels. Production of heavy oll, estimated at 435,867 barrels, a decline of 31,300 bn- rels, accounted for the drop, more tha: offsetting an increase of 11,196 barrels in the light oil output, which averaged 2,042,302 barrels. For_the midcontinent area, including both light and heavy gravity oils, the estimated daily production was 1,332,124 barrels, an increase of 2,125 barrels. Oklahoma's light oil output, placed at 560,075 barrels, was up 6,070 barrels, while the West Texas production was 203,793 barrels, a decrease of 4,827 bar- rels The Kansas average was 117,485 barrels, or 1275 barrsls more than for the preceding week. tinent sections showed only changes. slight § Stinnes Ta 46 xu. ne; ) ¢ Thdust INVESTMENT TRUSTS. NEW YORK, August 12 (#).—Over- the-counter market: Amer Found isen Exc) Gorporate Trust Bisiei: Crui oster Ins "hetur Gon Bid. Asked. NEW YORK BANK STOCKS. NEW YORK, August 12 (#).—Over the counter market: Amerles of Other midcon- | Cent Han FRENCH WHEAT SUFFERS Rains Impair Crops in Proportion to U, 8. Losses by Heat. PARIS, August 12 (#).—Minister of Agriculture Fernand David today told the cabinet that rains have seriously impaired French wheat crops in pro- portion to the damage done by exces- sive heat in the United States grain flelds, but that the crisis apparently had been reached. M. David said what had promised to be a bumper crop now stood re- duced to from 60 to 70 per cent on the average and in some regions even less, where the grain had been leveled by storms so that it could not be harvested. ATG& T. Sinck 8-]9. NEW YORK, August 12 (#)—A total of 280,000 stockholders of American Telephone & Telegraph Co. subscribed pproximately $325 000,000 to the recent S0k offering of the company. U. 8. TREASURY BALANCE. The United States rmiun CERTIFICATES. (1te] runnl;y J & W Seilgman & coolfl. 15 T MEAT PRICES DECLINING AS SHIPMENTS INCREASE By the Asscciated Press. CHICAGO, August 12.—E. W. Sheets of Washington, chief of animal hus- bandry, United States Department of Agriculture, said yesterday that the drought has resulted in so much live stock being thrown on the market for slaughter tha the American dollar buys more meat now than .at any time during the past 12 years. In making the statement Sheets was summing up the first day's findings of the annual conference of 25 State ag- ricultural experimental stations, the United States Department of Agricul- ture, the American Institute of Meat Packers, and the National Live Stock Meat Board. Sheets said that the farmer is get- ting 36 per cent less for his meat this year than last. For 35 cents today the housewife can get a steak for which she paid 55 cents last year, he said. NEW YORK COTTON NEW YORK, August 12 (Special).— The cotton market again came under heavy selling pressure today and, with a decline of $1 a bale, prices were car- ried to lowest records of the season. October contracts sold at 12.09 and, with a weak Stock Market and a re- action in both wheat and corn, prices closed at the lowest levels of the day with hedge selling a feature. Spots were reduced 20 points to 12.35. Cotton range: Decembe: Decembe: January, January, COAL PRODUCTION. By the Associated Press. Production of bituminous coal during the week ended August 2 declined 1.6 per cent as compared with the previous week. Outputs as compiled by the Bureau of Mines were: ‘Week ended August 2, 7,957,000 tons; previous week, 8,084,000 tons; same week last year, 9,349,000 Dividends Total $217,783,368. NEW YORK, Auzust 12 (#).—Cash dividends payable to American stock- holders in the first 15 days of Aulult total $217,783,368; a compilation by Standard Statistics Co. shows electric and gas utllities, with $54,939,373, ac- count for a little more than one-quarter of the sum, while railroad shares are second with $32,057,643. CHICAGO STOCK MARKET By the Associated Press. CHICAGO, August 12.—Follo is the complete official list of transactions in stocks on the Chicago Stock Ex- change today 25 Assc & 950 Anoc Tel v 3 A 1288 Aubtirn Auto 1400 -Welt 300 Ba less| 300 Bendry. Aviation 330 Borg-Warner, 150 Brown P & W 450 Butler Bros 80 Ceco Mig 184 Cent 11l Pub Ser Bi. 150 Cent 1il Sec »Pm tes Bervice . Com'with Edison " mun rmun vt ..,.“. HAl.'l‘lMOlE STOCKS. Bpecial Dispatch to The Star. BALTXMORE. August 12, 8al 'OCKS, f e B, ’l’! C & P Tehh Con! % nuemy & Guar :xnium: 06 10 mirst Service iy 2000 United Rwy S BRec 1ot 4s...... W% FOREIGN EXCHANGES. (Quotations furnished ;ur urrch-n T o5 AR htv Sasaranty. TUESDAY, AUGUST 12, 1930. STOCK FINANCIAL. AND BOND - AVERAGES {6OTTON TRADE FACES/ By the Associated Press. Prom Yesterday’ 5:30 Edition. STOCKS. Today. . Previous Week ago Month ago Year ago. Two years ago Three years ago, weekly aver High, 1930. Two years ago. Three years ago, weekly aver. .. High, 1930 . Low, 1930. High, 1929. Low, 1929 (Copyright, 1030, Standard Statistics Co) CORN SHORTAGE IS DOUBTED IN VIEW OF HEAVY CARRY-OVER By the Associated Press. b Despite the comparative “bullish” tenor of the latest Department of Agri- culture report on canning corn, con- siderable apprehension is felt in cer- tain_interested circles as to the status of the 1930 crop. Government statistics just issued in- dicate that a corn acreage 11 per cent higher than last year will return ap- proximately 9 per cent less production, which then amounted to about 17,500,- 000 cases. However, officials of the Na- tional Canners’ Association point out this report was tendered on the con- dition of the crop as of August 1, and that since issuance 11 days of extreme drought has prevailed. The extent of this lddmannl drought can only be reckoned, but the association is in re- ceipt of official advices from many corn- growing centers, dated up to August 5, and has calculated that a few more da: without rain would result dunt.rnufly Due to a carry-over of about 11,500,0 GRAIN MARKET CHICAGO, August 12 (#).—Despite official announcement of 600,000,000 to 700,000,000 bushels cut in the Govern- ment forecast of corn yields, prices aver- aged lower today. Rushes to buy corn faded away after the first hour, and the market collapsed under the wellht of belated offerings from traders who. a) parently had not foreseen that the bull- ish effects of drought damage had been largely anticipated. Wheat values were weak throughout the day, owing a good 2| deal to absence of export demand for wheat from North America and to en- larged estimates of production in Cane ada. The table: WHEAT— September December . High. Low. Close. 93 COR! September . CHINESE LOAN SUGGESTED AS AID TO SLIVER PRICE| By the Associated Press. Senator Pittman of Nevada believes silver could be restored to its normal price of between 60 and 80 cents an ounce through a loan of 500,000,000 sil- ver dollars to China for railroad and highway construction. This, in turn, he believes, could be brought about through concerted action by nations of the woru, through a treaty agreement by United States, England, France and Bel- glum. The loan, Pittman says, could be made immediately by the United States from its existing silver stocks in the Treasury, which, in turn, could be replaced by pur- chases from new production. would be administered by a commission made up of representatives of the gov- ernments participating. METAL MARKET. NEW YORK, August 12 (#).—Cop- per quiet; electrolytic, spot and future, 11. Iron quiet: unchanged. Tin easy; spot, 30.05; future, 30.35. Lead steady: spot, 5.50; East St. Louis, 5.35. Zinc quiet; East St. Louis, spot and future, 4.3024.35. Antimony, 7.87 PARIS BOURSE PRICES. PARIS, August 12 (#).—Trading was quiet and prices were steadier on the Bourse today. Three per cent rentes, 88 francs 70 centimes, Five per cent loan, 100 francs 85 centimes. Exchange on London, 123 francs 82 centimes. The dollar was quoted at 25 francs 413 centimes. Bottle Cap Production, BALTIMORE, August 12 (Special) — Annual domestic production of bottle caps by Crown, Cork & Bal- timore is now approximating 60,000,000 gross, or an average of about 24,000,000 caps a day, according to officials of the company. 16..0 Round Trip Tickets Good for 16 Days Here is your chance to see one of the seven patural wonders of the work ideal wacationw-at ~mall cost. Excursions Leaws AUG. 15—29 SEPT. 12—26 Lr. Washington, T e aaiver ¢ 26 leave Washipgton 9110 A.M.) For tickets and descriptive folder write or phove the TFravel au. 15th and H Sts, N. W., Woodward Buildin D. L. MOORMAN Assistant General Passenger Agent Phone Distrlet 3300 il »g The loan | ;- cases, no actual shortage of the crop will be felt this year. Consumption in the United States averages about 16,000,000 cases per year, two-thirds of which already is at hand from last year's surplus. The association says that 50 per cent of last year’s produc- tion would be sufficient to meet the needs of the country, but would put the carry-over supply in a precarious con- dition. That 1930’s' crop will be well in advance of this danger line seems as- sured. The most bearish reports reach- ing the association describe yields at least 50 per cent as large as those of 1929, and these extreme cases are in- frequent. In some unim nt sectors the crop u being uséd only for emuale Fate of this year's crop appears to rest on final reports from Iowa, Illinols, Maryland and Ohio, the four State leaders in the industry. It is these four States that have been hit hardest by the drought. Markets at a Glance NEW YORK, August 12 (#).—Stocks weak; J. I. Case drops more than 12 points. Bonds firm; rails improve slightly. Curb helvy. leaders react moderately. g exchange easy; sterling_declines. tton lower; show- grain mar- pean CHICAGO, August 12 (#)- weak; bearish American and Canadian Government reports. Corn barely steady; forecast rain Central West, weakness Southwest Cattle ‘weak to lower. Hogs NEW MARYLAND BONDS. be omed g: mwc of $2,443, 000. [ according to cal ncial circles. Dealers’ shelves are almost bare of good municipals here, a: tition among looked for. bids on the Inryllnd issues will very close, MONEY nmr. NEW YORK, August 12 (#).—Firmer rates on the time loans featured the money markets today. Continued with- drawals from the call market kept the rate on those funds at the renewal figure of 215 per cent. Although the firmer tone in evidence this week has been somewhat contrary to expectations, banking circles point out that the normal movemenu the interior for the flnlnl:ll!l to appear at this time nd a move that is taking p neral, there is little or no belief that he basically easy position of credit will be much disturbed by this shifting. ‘Time loan rates were advanced a quarter of 1 per cent, the first advance some time affecting all maturities. Bankers' acceptances and commercial paper were unchanged CITY PAVING COSTS. By the Associated Press. Reduced costs of city Dlvlnl and standardization of street and traffic practices is. the aim of the 1930 pro- gram of the city officials’ division of w American Road Builders’ Associa- ral committees have under- ities. are that the be Let THE STAR follow you into Vacationland e W The simplest way to know what's going on im ‘Washington . . . and all the other worthwhile news is to have THE STAR delivered by %% A_15 CRISIS IN BRITAIN Government Report Reveals Lan- cashire's Share of World Business Has Declined. BY BATES RANEY. Associated Press Staft Writer. MANCHESTER, England, August 12. —The Lancashire cotton industry, which draws most of its raw material from the Southern United States and exports it as manufactured textiles to the Near and Far East, is face to face with the gravest crisis of its history. ‘The plight of the once vast industry is fully revelled in a government report, drawn up after months of investigation, which tells the industry, without minc- ing words, that it must reorganize or get out of business. While trade statistics show that the ‘world each year is using more cotton goods than before the war, Lancashire's lhnlre of the trade has declined danger- ous ‘A year ago the little cotton spinning town of Burnley had only 5,261 unem- ployed cotton operatives. Today the fig= ure is 15,000. The unemployed of Black- burn jumped from 7443 last year to 27,000 today, while the unemployed at Preston increased from 8,819 to 13,368, In 1913 the Lancashire cotton trade sold the world 7,000,000,000 yards of piece goods. In 1929 it sold only 3,750, 000,000 yards and this year is selling even less. While Lancashire’s sales have been reduced by half foreign competitors have been making cotton goods cheaper and just as good as Lancashire ard putting them on the market more tractively. The Japanese, particularly, have almost supplanted the British n China market and are rapidly driving th; Lancashire product even out of India. effect, the British government has told Lancashire spinners that the: fl! must abandon their historic “wait-till-they- -us” marketing system and t the American "mue-themdmfi > . Also that the surviving must be equipped with up-to-daf chines and grouped in nnyulnmnlou CHICAGO DAIRY MARKET. . CHICAGO, August 12 (#).—Butter, 14929 tubs; firm; creamery 37%a38; standards, 38 3!‘/1.31 firsts, 3412a35!, PROPERTY Reasonable Rat Prompt Action B. F. SAUL CO. 925 151h St. Nat'l 2100 Never Closed Eyes Many Nights Cuticura Healed _ oA to your Simply leave your eddress or itinerary at the Business office and you will receive THE STAR with the same dispatch home in Washington. if you were in your own Rates by Mail—Postage Paid Payable in Advance Maryland and Virginia— One meonth....convenvecs. One week.....coosevasnesseses 250 All Other States— The THE GREAT NEWSPAPER OF THE NATION'S CAPITAL . Evening. Sundsy. ees 85¢ 50c 400 15¢ Star i b 4