Evening Star Newspaper, August 15, 1930, Page 14

FINANCIAL. 1.5, FORFIGN TRADE AT NEW LOW MARK July Figures Show Smallestf Total in Nearly Ten Years. By the Associated Press American foreign trade during Jul ebbed to the lowest point the coun has experienced in nearly a decade. Commerce Department figures toda; placed the total of exports for July a $269,000,000, with imports 000. The deciine in each account was more than 30 per cent from the $402.- 861,000 of exports and $352.980.000 of | imports which were registered in July last year. r Both exports and imports for the month represented the smallest of. & series of declining monthly totals, which | began last December. At the same time of $219,000, | | (Continued From Page —Prev.10m0~ tes— | Low. te. Add 00. B 4% 1% 1 Penney (J C) (3) 4 Penna R R (4) Phillips Petrm (n2).. Plerce-Arrow iA). Pierae Oll..... Plerce Ofl pf. Plerce Petroleum. . .. Filisbury Flour (2).. Fittsbgh Trmi Coal. . Poor & Co (B) (2) P Rican Am To (B).. Postal Tel & C pt(1) Prairfe Pipe L (45). Proctor & Gamb(2.40 Prod & Refiners. the month’s trade left a $50,000.000 bal- ance favorable to the United States. | In July also the outflow of gold from | the United States amounted to $42-| ) , gold imports totaled $21 888,000, ?33(?33 Sonet Toss of $20,641,000 for ths | month, In July last year there was & . et gain of gold cf $34,718,000, €XpOrts | of $807,000 being offset by imports of { $35,525,000. “For the seven months of the year end- ing with July the country has had a net increase in gold stock of $201,- 000 B0 ioes of the large gold exports were said by Grosvenor M. Jones, financial Specialist of the Commerce Department, %o be found in the increased foreign lending by America during the first half of this year. Washington Produce Butter—One-pound prints, 4212a43'2; , 411,042} m!jv:m:.l— “Hennery, current receipts, Qquality inferior, prices not quoted. Poultry, alive—Spring broilers, large, 32a33; medium, 28a29; small, -24a25; Teghorns, 23a25; fowls, 21a23; Leghorn fowls, 14al5; ducks, 15. ~Dressed— Shipped in, iced Spring broilers, 6 medium, medium and small, 25a2T; fowls, heavy, 25a26; medium, 23a24; small, 15a17. Jobbers' home dressed, Spring broilers, large, 37a38: 34a35; small, 30a32; Leghorns, 2 fowls, 26a27; medium fowls E Leghorn fowls, 20a22; ducks, 24a25; turkeys, 34a35. Meats, fresh killed—Beef, 18a20; veal, 15a16; lamb, 20a23; pork loins, 25a2( fresh hams, 25: fresh shoulders, 18a2 smoked hams, 27; smoked shoulders, 2 bacon, 27; lard, in packages, 12 bulk, 11 Live stock—-Calves, 9; lambs, 8. Fruits—Watermelons, 30a60; canta- Joupes, crates, 1.75a2.35; nearby, two- peck baskets, 1.00ai.30; honeydews, 200; honeyballs, 2.00a4.50; Persian melons, ' ponys, 1.50a1.75; standards, ;" jumbos, 2.00a2.25; apples,| stock, 3.00a3.50; plums, oranges, 6.00a8.50; lemons, 8.00: limes, 2.25a2.50 per 100; pineapples, 3.50a4.00; blackebrries, 5.0025.50; huckleberries, 5.00a5.50; blueberries, Nova Scotia, per quart, 35a40; grapes, red Malagas, 2.75; ‘Thompson seedless, 1.75. Vegetables—Potatoes, 3.00a3.50; sweet potatoes, 6.25a7.00; tomatoes, 1.00a1.25; cabbage, 90-pound sacks, 2.50; peppers, 1.00a1.25; caulifiower, 2.50a4.00; cucum- bers, 2.00; corn, five-dozen sacks, 2.5 okra, 1.00a1.50; eggplant, 1.00a1.25; string beans, 3.50a4.00; lima beans, 4.00: beets, per 100 bunches, 5.00a6.00; carrots, per 100 bunches, 5.0026.00. in Business Notes By the Associated Press. | NEW YORK, August 15.—August sales figures of the leading mail or-| der houses will receive more than | the usual scrutiny to discover the effect of the drought on retail turnover, it is said in merchandising circles. In some quarters the view has been ex- pressed that the drought reports have been emphasized out of proportion to their real merit and the mail order fig- ures, together with those of chain stores in the drought area, will supply the first definite gauge of the effect on buying power. S While confirmation has been coming through on toy orders for Fall and holiday delivery, considerable addi- tional business is awaited by manufac- | turers. The trade is speculating on the probable time this business will make its appearance, with indications that many stores will delay their orders until close to the actual selling period. The National Wholesale Grocers’ Asso- ciation ha# announced that the Bookings - Ingtitution of Washington has agreed to make an economic investigation and analysis of price differentials in the grocery trade. To facilitate the work every branch of the industry has been Tequested to appoint delegates, who will be members of a contact committee. A decidedly impfoved tone in the sweater trade is reported in. the pri- mary market. siated that a fair volume of orders from various sections of the country had been received by mail. CHICAGO LIVE STOCK MARKET CHICAGO, August 15 () (U. S. De- partment of Agriculture).—Hogs, 14,- 000 head, including 6,000 direct; mar- ket active to shippers; lighter weights, 25a40 higher; heavies, 5a25 higher: packing sows, steady to 15 higher; top, 10.75:; " bulk, 160-230 pounds, 10.50a 10.65; light light, good and choice, 140- 160 poinds, 9.90 to 10.60; light weight, 160-200 pounds, 10.30a10.75 weight, 200-250 pounds, 10.50a10.65; » heavy 'weight, 250a350 pounds, 9.50a 10.35; packing sows, medium and good, 275-500 pounds, 8.109.00; slaughter pigs. good and cholce, 130 pounds, 9.00a Cattle, 1500 head: calves, 1,000; fed steers and yearlngs, weak; strong, heavy steers,” 50a75 over low prim Yearlings, strong, compared week ago: elearance good today; general trade ac- tive, except on fat beef cows and bulls, th of which were weak to 25 down. Slaughter cattle and vealers—Steers, good and choice, 600-900 pounds, 9.50a 11.25: 900-1,100 pounds, 9.25a11.00; 1,100-1,300 pounds, 9.00a10.50; 1,300~ 1,500 pounds, 8.50a10.25: common and medium, 600-1,300 pounds, 6.00a9.00. Heifers, good and choice, 530-850 pounds, 8.75210.75; common and m dium, 5.00a9.50; cows, good and choic 5.2527.25: common and medium, 4.50a 5.50; low cutter and cutter, 3.5024.75 (bulls, yearlings excluded); good choice beef, 6.00a6.57; cutter to medium. 4.75a 6.75; vealers (milk fed), good and choice, 11.00a13.00; medium, 9.50a11.00; cull and common, 7.00a9.50; stocker and feeder cattle, steers, good and choice, 500-1,050 pound: a8.00; common and medium, .75 Sheep, 4.000 26.75. head; _lambs sidered; good and chojce natives m 9.2589.75; top, 10.00; bucks largely a8.75; sheep steady down, good choice, 9.00a10.25; medium, 7,50a9.00; all weights common, 7.50; e choice, 75 pounds, good choice, 6.25a6.85. NEW SECURITIES. NEW YORK, August 15 securities offered today include: Indianapolis Power & ,Light Co. $8.000,000 5 per cend bonds at 100, by syndicate headed by Chase Securilics Corporation. Commonwealth & Sduthern Corpora- tion, 99,068 shares $6 preferred 880050, by Bonbright & Co, . » active. mostly 25 higher; very light sorts ('OR- y .25 lambs, 90 pounds 5.00a 90-150 pounds, medium to 5a4.00; and weights cull and common, 1.00a2.75; feeding lambs, 60- (7). ~New Pub Serv.N J (3.40)., Pub Serv N J pf (). Pub Serv N J of (6). Pub Serv N J pf (7). Pullman Corp (4) Punta Alegre Sugar. : Pure Ol (1%) Purity Baker Radio Corp. Radlopf A (3%). Radlo-Kelth-Orpb A. Raybestos Man 2.60. Rea) Silk (6)... Rels (Robt) & Co Rem F:and +1.60).... Reo Motor Car (80c) Republic Steel (4) Revera C&B (A) (4 Reynolds Reynolds Reynolds Tob A Reynolds Tob B (3). Richfleld O11 (2). ¢ Rio Grande U1l (2).. Rossia Insur (2.20).. Royal Dutch a3.2165. Safeway (es). St Joseph Lead (13) St L-San Fran (8)... St L Southwestern. Savage Arms (2). Seaboa Schulte Retall Str Sears Roebuck($2 Second Natl Inv Servel. Irc. .. Sharon Stl Hoop (1). Shattuck(FG) (11%) Shell Union (1.40)... Shubert Theatres Simmons Co. . . Sinclair Con Ol (2) Sinclalr O11 pf (8) Skelly Of1 (2)... Skelly Oil pf(6) Solvay Am pf(5%). . Sou Porta Sug (1.40) So Port Ric S pf (8).. Southern Cal 24 (2). Sou Dairles (B) Southern Pacifie Southern Rwy Southern Rwy pf Spalding (A G) (2).. Sparks Withngtn(1). Stand Branas (13%) Stand G& B (3%) Stand G & E pf (4). Stand O of Cal (2%). Stand Gas& El pf(6). Stand Oil Exp pf(6).. Stand O1] of Kan (2) Stand Ol of N J(12). Stand Of] N Y (1.60). Sterling Sec (A).... Sterling Sec cv pf(3) Stewart-Warner (2) Stone & Webster (4). Studebaker Corp (3 Submarine Boat Sun Ol (11) Superior Ofl Telautog’h C (11.35). ‘Fena Cop & Ch (1).. 504 Texas Corp (3)...... 48 Tex Gulf Sulphur(4) 88 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. 13) Texas P ich. Low. Close. i %o 1% 1% Thermol Tide W Transue Tri-Cntl Truscon Union OI Utd Ciga United Cy United Ce Pioe Pipe Vadasco Va-Caro Wabash. Waldor? Ward Bal Wars Wess oil Wess O & Sn pf ( W Western Western Western Westhse 12% 72 324 130 Yellow T Dividend s as tions. per cent in stocl aPaid this year--no regular rate. © Payable in cash or stock. when earned. - | stock. & Plus 6 per cent in_ stock. | 1Plus 8 per cent tn stock. n Plus 5 per cent in per cent in stock. Stock and Dividend Rate. Texas Pac Land Tr. Thatcher Mfg (1.60). Thatcher pf (3. % Third Avenue Thompson (J R) (3) Thompson Prod(2.40) Timken Det Ax Tiniken Roller (3) Transcont] Ol (30¢). Tri-Contl Corp Trico Prod (2%) Truax Traer (1.60) Union Carbide (2.60) Union Pacific (10). Utd Alrcraft. .. Utd Biscuit (1.60). Utd Business Pub. Utd Carbon (2).. Utd Dyewood. ... Utd Dyewood of (7 Utd Electric Coal Utd Fruit (4) Ut Paperboard. Utd Piece Dye W Utd Stores (A) U 8 Distributing. Realty (5). Rubber. o Rubber 1st pf. 3 Smiltg'& Ref (1), S Steel (7). 7 U & Steel pf (7). " Utll Pwr&Lt A (e3). Va El & Pwr pf (6).. 40s Vulean Det (4) Warner Bros Pict. War Bros P pf (2.20) -Quinlan (1). Warren Bros (3).. Westinghse ~ B (2 Westinghse E&M (5) 223 hite Motors (2) White Sewing Mach.. Willys-Overiand.... Wilson & Co. ... Wilson & Co (A) Woolworth (2.40).... Worth Pump. . Worth Pump(B) (6) Yale&Towne Mfg(4) Yellow Tru: Youngs Soring (3 Yngstwn Sh&Tu (B) 5% Zenith Radio........ Sales of Stocks on New York Exchange Uit of trading less than 100 shares, fParily extra. Sales— Add 00. High. 3 CaoM..... 3 8% . 214 21% 7 22 2% d Co. 12% 9 & W (1) 2% 31% 124 | 26% Corp o Stl (£1.20).. I of Cal (32) 212 r Stores. ... orp (50¢) ... orp pf (3) &F(2).... & F 15t 1.20. Sales Corp.. Chem 6% bt 1408 king (B).. & Snow (2) Dairy A (4) Dairy (B).. Ma. 378 136% 134 33 [3 5% 314 9 | E&M pf (5) zn; 1 1 55% . 109% 88 88% 20% 87 35 130 % 2 . 18 ruck 100s 1 1 8 35 35 130 130 Ta o T VTR . 660,000 1.262.900 wiven annual in the above table are the cash payments based on the latest quarterly or half yearly declara- 1Plus 4 P pJFlus ¢ ver cent in atock: Payable in stock. d Payable hPlus 2 per cent in stoek. k Plus 3 per cent in_stock. m Plus i stock. p Plus 50c cents in yable in scri Dreferred stock. © Subject to approval of stockholders. TRUCKING BUSINESS GAINS IN RURAL U. S. tive Methods in Moving Their Crops. By the Associated Press. The increased use of automotives in transporting farm products and its far- reaching effects upon the farm mar- keting system are being studied by the | Agricultural Economics Bureau of the Department of Agriculture, The survey tends to determine the importance of motor truck receipts of the fruit and vegetable suuply in some of the leading market centers and to ascertain the volume of truck move- | ment as compared with movements by rail and boat from representative pro- | ducing areas. It will determine also the situation with regard to the re- distribution of produce from the large market centers to smaller communities in their trade areas, Preliminary reports have brought out that many farmers who formerly hauled or shipped produce to market centers now sell direct to itinerant truckmen- Several New York houses | merchants, who buy supplies on spec- | ulation and either haul to a consum- ing market within a two to three hun- dred mile radius or peddje their loads in small towns or rural districts. It is claimed their activities have an un- settling effect in market centers and tepd to depress prices. Indications are | that in many instances they make it | possible for producers to seil products of a grade and condition which it would be_impracticai to ship by rail. The department is compiling dairy motor truck receipts at several markets to ascertain the volume and sources of truck-in supplies. An attempt will be medium | made to estimate approximately the | proportion of truck receipts from ma ket garden areas formerly hauling products to market by wagon and to ascertain the attitude of the wholesale trade to the trucking business and the effect of trucking on market conditions, JULY A. & P. SALES GAIN By the Associated Press. of the Great Atlantic & Pacific Tea Co. month last year. Sales for the seven months ended July 31 were $644,783,- $600,504,970 for the corresponding pe- riod of 1929. No comparison of the number units in operation was available. SILVER QUOTATIONS. NEW YORK, August 15 (#)- silver, 35%%. NEW YORK BANK STOCKS the-counter market Bank Stocks. Bid. Asked 88 91 3ive 39 i 136 107 124 3150 America ... , | Bank of U. 8. umits Broadway National YT hat Phenix ... ity . Fitth Avenue an ' Co People's National s e v Trust Companies. Bankers Sa s 3 Central Chelsea 3 Chemical Ran! Corn Exchange . Gounty . Guaranty Irving Manufacture New York United Stat Westchester SRR Title' & Trust Farmers Increase Use of Automo-| OVER SAME 1929 PERIOD | NEW YORK, Auugst 15.—July sales totaled $96,723,670, an increase of 3.2| per cent over $93,671,398 for the like | 464, an increase of 7.4 per cent over | of Bar NEW YORK, August 15 (#)—Over- Wall Street Briefs By the Associated Press. The country’s gold stocks were de- pleted by approximately $8,000,000 dur- ing the week ended Wednesday. A ship carried $8,809,000 to France Wednes- day and the only imports were $166,000, principally from Latin America, $645,000 received at San Francisco from | China, the New York Federal Reserve Bank reports. ‘The National Aviation Corporation announces that its offer to tne stock- holders and warrant holders of Aero- | nautical Industries, Inc., to exchange its stock or warrants for those of Na- tional Aviation has been extended to | October 11, 1930. | The Commonwealth & Southern Cor- | poration, controlling public utility com- | panies operating in 11 States, is offering 99,068 shares of $6 preferred stock at | $100.50, | MARYLAND TOMATO CLUB CONTEST DRAWS MANY Special Dispatch to The Star. H BALTIMORE, August 15.—Enrollment for 1930 in the Maryland Ten-ton Tomato Club contest is nearly double that of 1929 and is by far the largest ever | recorded since the club was started in 1928, according to M. Goodwin, canning | crops specialist for the University of | Maryland extension service. There were enrolled in 1929 a total of 127 growers, | while a total of 252 have been signed up for this year, it is reported. Many of the fields at the start of the contest looked very promising, but due to the drought tures it is feard that the yield will be | reduced materially. Notwithstanding, it | 15 declared, that the tomatoes are stand- |ing the extreme weather better than many other crops. The following counties are represented | in the contest: Anne Arundel, 1; Baltly | | more, 7; Caroline, 39: Carroll, Cecil, | 20; Dorchester, 12; Frederick, 3; Har- ford, 9; Kent, 9; Queen Anne, 80, Talbot, 39; Wicomico, 4, and Worces- ter, 6. [JACOBY MADE FORTUNE WITH $240 CASH START| | Soeciat Dispaten 1o Tie star. | 'NEW YORK, August 15.—President | | Hoover’s special Ambassador to Ethiopia, | | H. Murray Jacoby, is one of Wall | Street’s most sensational successes. He | started in the baby bond business with | a total capital of $240 and in a few | years was in control of one corporation | doing an annual business of $10,000,000. | 'When Mr. Jacoby resigned from the direction of the $14,000,000 North American Water Works Corporation in 1928 he announced that he would de- vote himself to civic activities and his hobbies. At the same time he dissolved his own house of H. M. Jacoby & Co. Mr, Jacoby is the son of Surg. Gen. Eugene Jacoby of the German military staff and he received his business train- ing in London, Poris and Berlin, In the 1928 political caia.cfet > wes an active worker for HOOVer it Curls. Nc. he is to attend, as PresiZent “| Hec ser's personal representative, 4{cc onatfon of his imperial majesty | Halle Selassie the First, Emperor of | Ethiopia. $1,000,000 Order Placed. CHATTANOOGA, Tenn., August 15 | ().~ The Hedges-Walsh-Weidner Boiler | Co. of this city, a unit of the Inter- | national Combustion Engineering Co. of New York, has been awarded a $1,000,~ 000 order for bollers, officials said today. ‘The order is part of a $2,200,000 con- tract from the Brooklyn Edison Co. and calls for eight huge steam generati | time large numbers of high tempera- | share at $20 a share for each four OLDER MEN IN DEMAND BY WALL STREET FIRMS NEW YORK, August 15.—While many firms in Wall Street continue to reduce stafls, some of the larger financial houses are beginning to build up their organizations by carefully combing the unemployed lists. There are at this skilled Wall Street men out of positions, through no fault of their own, and they furnish very attractive possibilities to those firms which are now building for the future. In some instances banks are carefully going into the merit of each existing employe with the idea of swap- ping for some of the unemployed men if the change seems to be advisable. Probably never before in history has a Wall Street employe had to stand or fall by his record and reputation as now. One significant feature of the present ‘Wall Street employment situation is that several firms seem to be again leaning toward older men. For a long time men over 40 were not wanted in the Street and financial in- younger generation. Some firms have swung around to where they place a greater premium on experience and maturity. Certain banks, for instance, found that customers were slow to place confidence in very boyish-looking clerks and executives. NEW WARNER BROTHERS STOCK RIGHTS OFFERED By the Associated Press. NEW YORK, August 15.—The board of directors of Warner Bros. Pictures, Ine., has voted to offer common stock- holders the right to purchase one new shares of stock held at the close of business August 25. In a letter to stockholders, made pub- lic last night, the directors said the offering has been underwritten by a syndicate headed by Goldman, Sachs & Co. and Hayden, Stone & Co. to the extent of 755,000 shares, which is ap- proximately the number of shares to which stockholders will be entitled to subscribe. Richard P. Hoyt of Hayden. Stone & Co. yesterday joined the board of directors, of whicli Walter E. Sachs, of Goldman-Sachs, is already a mem- . Preferred stockholders may convert their holdings into common stock and receive subscription warrants. It was said in Wall Street circles the offering would provide more _than $14,000,000 additional capital. Rights would be worth about $2 a share, equivalent to cutting a melon of about $5,500,000. The announcement said the under- writing of the new issue assured the corporation of more than sufficient cash to.pay off its bank indebtedness and to place It in a strong financial position. EARNINGS REPORTED. NEW YORK, August 15 (#).—Duplan Silk Corporation and consolidated sub- sidiaries today reported for the fiscal year ended May 31 net income of $1,~ 243,945, equal to $2.56 per common share, compared with® $248 a share in the preceding year -and $1.86 a =hare in the year ended May 31, 1928. Pet Milk Co. and subsidia-ies had first half net profit of $339,232, equal to 64 cents a share, compared with $280,943, or 51 cents a share, in last year. United Cigar Stores of America and subsidiaries report combined net profit for the first hal of $11,702, compared with a net loss of $252,051 in the first half of last year, Owens Tllinols Glass Co. and sub- | sidiaries had first half net profit of | $1,871,791, equal to $1.78 a comn " share, against $2.252,220, or $2.43 a stitutions have been manned by the |See share in the preceding year and $1.86 a ; /. BONDS ARE HIGHER AT QUIET SESSION New Offerings Small—Junior : Rail Group Loses Ground. BY F. H. RICHARDSO! Special Dispatch to The Star. NEW YORK, August 15.—Bonds ranged higher today in quiet trading. ‘There were no new factors in the in- vestment situation, except that the com- parative dearth of new ‘' high-grade bonds offered in the past two wesks is slowly bringing about a stronger tech- nical position as dealers dispose of their stocks. Thus investment descriptions have been slowly and steadily advanc- ing as the pinch of scarcity values sets | & in, Money rates were unchanged today. Today there was only one important new offering, $8,000,000 Indianapolis Power & Light 5 per cent first mortgage bonds, priced at par. They were quickly subscribed. The movement o¥the prime group was the same as it has been every day for rly two weeks. All issues cling (Sales are In 51,000 Sales. High. 1 10027 11024 35 1032 16 101 29 25 106 8 1085 FOREIGN. Sales. 102 106 108 Argentine §%s Argentine, Australia 58'57.... Austria 7 1 Bank of Chile 6%s. Bank of Chile 6% s. Batavian Pet 4% [ s Bollvia Ts ctfs '69. . Bolivia 8s. Brazil 83 Brazil #s.... Bremen State 7 Canada 63 '31 closely to their best prices of the year, Chil while new highs were toyched by Stand- ard of New York 4s and Baltimore & Ohio first 4s and Atchison -general 4s equaled the new high level registered on ‘Thursday. Mixed up with these gains were losses of small fractions by Can- natian National 5s, Frisco “A” 4s, Nor- thern Pacific 4s and Great Northern 7s, but, as on Thursday, in no case were the declines wide enough to carry the price more than 14 point below the 1930 peak. Convertibles milled around uncer- tainly as stocks gave no clear indica- tion of a trend. Baltimore & Ohio 41,5, New Haven 6s, Chicago & North- western 4% and Warner = Bros. Pictures 6s all made small gains. The last named, of course, benefited from the new financing of Warner Bros, by which bank loans and other indebt- edness acquired in recent expansion plans will be cleared up. American I. G. Chemical 5%;s, Philadelphia & Read- ing Coal & Iron }3s, Atchison 4155 and ‘Texas Corporation 5s all moved lower. Junior rails were dull. St. Paul 5s and Erie general lien 4s both gained frac- tionally, but losses in other issues more than offset this strength. Industrials were virtually unchanged. The only feature here was the move to a new high by Transcontinental Oil 615s. Foreign bonds were quiet also, though there was some buying of South Amer- ican and Japanese issues. Japanese 6l5s were fractionally higher. German bonds ranged slightly lower. Washington Stock Exchange SALES. Merchants' Bank & Trust Co.—10 at 125. Federal-American Co. com.-—5 at 31 Mergenthaler Linotype—5 at 967%. Term. Ref. & Whrs. Corp.—3 at’ 47, AFTER CALL. *Potomac Electric 6% pfd.—10 at 110. *Potomac Electric 5'¢ % pfd.—5 at 108. ‘Washington Gas 6s “A"—8700 at 10214, $300 at 10214, $400 at 102Y,. Washington Gas 6s “B"—$300 at 105, $200 at 105, $100 at 105. Washington Rwy. & Elec. 45—8$3,000 at 89%, $1,000 at 899, $1,000 at 4 Merchants' Bank & Trust Co.—10 at 125, 10 at 125, 10 at 125. *Ex-dividend. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telga. 4125 '33... Amer_ Tel, & Telga. 4125 '30.. Am. Tel. & Tel. cti. tr. 88 s 0382535 C. & P. Tel Capital” Traction City & fwburban s Georgetown Gas 1st 5 Potomac Elec. cons. 5% Potomac Elec. 6s 1953. x & M ERCEES t. Vernon ctf. Apnap. 8 ash. Gas 6s. series B Wash. Rwy. & Elec. 4s 3 MISCELLANEOUS. & Ross. Inc, 6%as..... Chase Club § Paper g, 65 . B Si 04 Storae 5 Wash. Cons. Title 6 STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel, (9). Capital Traction Co. & W. Steamboat (12) Barber Chevy NATIONAL BANK. Capital (14) Lincoln (12)." Metropolitan Qs).... ond ~ (9e Washington (13)....") 3 TRUST COMPANY. Amer. Sec. & Tr. Co. (15)... Continental Trust (6).. . Merchants' Bank & Trust (6). 12§ Natlonal Savings & Trust (131} 5 Prince Georges Bank & Trust.. 35 Union Trust (88)......... . 2 Wash. Loan & Trust' (ié). SAVING BANK. hesda_(65) e Savings (10 ) Bank of Bet Commerce & Sav. & Com ‘Bank {(i7)! Seventh Street (12)....... United States (30) 2 Washington Mechanics (20) FIRE INSURANCE. American (12) Corcoran . Firemen (8) National Union’ (15)." TITLE INSURANCE. Columbia (M. v Real Bstate (8h Title & Inv. Barber & Ros > i6);: Mer. T (0% Mergenthaler Linoiype (7n) Natl. Mtge. V. ge. & Inv. pid. .. Peoples Drug Stores pfd i81.). Real Est. M. & G, pfd. (8)... Security ‘Storage Ter. Ref. & Wh. The Carpel Corp. Mige. ide) .. Corp. (1.50) Mech. com. (8 Wash. Med. Bldg. Corp Woodward & Lothrop pfd. *Ex dividend. ¥21a% extra. B3 extr dEx rignts. wi—When issued. Unlisted >Dre;nrhnen!. These securities not listed under Exchange Rules. BONDS. Asked. Army-Nave Club s Cosmos Club_ 4125, Commereial Club’ 180 '85...: Metropolitan Club 4%s.. STOCKS. g BAnN: ook o in _Sacks. 2 N Chapi . Chapin Sacks 7 prd prd Con v ri.cut Ple Co. . Chr. Tieirich Brewery. ', Dirtrict Title Insurance Franki 1 National Bank. e first half | p; Purchase Is Ratified. FINDLAY, Ohlo, August 15 (P).-- Stockholders of the Ohlo Ol Co. of Findlay yesterday ratified the purchase share, in the first half last year. Columbian rbon Co., and sn*- ries had June quarter et equ- 28 units of high pressure type. Nearly 1! cars of steel will be qued to nflm sidia $1.57 a share, comr‘rad with §: the like quarter year, o m of the property and assets of the Trans- continental Ofl Co. The sale will be 34> h an _exchange of Ohio Oll stcl', but the terms of the agreement were not made public, Canada 63 ‘52 0. Danfsh Munte Rs A Danish Munic 8s B. Denmark ¢%s..... Denmark 6%s 55, . Denmark 6, 2 Dutch East Ind' 47, Finland s f 6s'45.., French 7a French 7%, Ger 5145'30-'35 rots German Bank 6s ‘3. German EI P 6% German 7s.. Irish Free State Italy 7s...... italian Pub Sve 78 Japanese 4s. Japanese 5% Japanese 6% Jugoslavia By Karstadt 63*43.... Kreuger&Toll 68 ct Lyons 6 Mex 451910 asst Milan 6%s. Netherlands 6s'72.. New So Wales '57.. - s L iEaih Sw o o535 [ Ranlobar o e womunEe e 0 oland 7s (rots) Prague 7% Queensland 6; Queenland 7s. » Somamm mn =% Rio de Janeiro 6% Rio Gr du Sul 6s'48 Rome 6% .y R'y'l Duteh 4% sww Sao Paulo 8536 Sao Paulo 60 Saxon (PW) :clnl T8°42., " S eoamwanans Toho El Pwr 6333 Toho El Pwr 7 ‘Tokio §%s ‘61, Utd Kingm 5%s ‘37 Uruguay 6s°60. Warsaw 78 '52 3 3% Yokohama €s. 6 974 MISCELLANEOU! 20 105% 3 96 8 Alleghany Cp bs “44 Alleghany 68°49. .. Am Agri Chem 1% Am For Pwr s 2030 Am1GChb%s'49. Am Metal 6% 8 Am Nat Gas Am Smlt & R 1st 58 20 Am T&T ev4 168’39 6 Am T&T 68°65..... 70 Am T&T el tr b Am T&T s 1 6 AmIT&T 5% Armour&Co ¢ Armour, Del.5% Bell Tel, Pa. §s (B) Bell Tel Pa6s (C).., Brklyn Edison bs. . Bush Term Bldg s Certn-Td 6%s rets. Chile Cop Colon O11 ConGas N Y 6}4s. . Cuban Am Sugar 8s Det Edison 5s*40... Det Edison Fisk Rubber 8 ‘Gen Mot Ae Cor 6s. Gen Pub Sve 54s. . Gen St Cast 6% °49 ble O & R Humble O & R §%s 11i Bell Tel & Intl Match Int] Tel&Tel Kan City P & Lt 5 Lackawanna Stl §s. Laclede Gas 68 Laelede 5%s D Lautaro Nitrate Ligr&Myers 63 °51. Liggett & Myers Ts Loe! % Lorillard (P) Manat! Sugar 7%, McC'rmek KR 6534 Low. Close. 100 27 100 27 1024 10230 103 101 27 101 27 106, 5 1021} 928, 119 124 Tl a0 9314 105% 4 100% 98%, 95% 1085 High. Low. Close. 5% 991 92-% 99 R4 HEN 104% 97l 991 95% 104 109% 115% B B :IB& B 1024 93 119% 124% 87% 90% 9314 105% 100 98% 95% 9734 10:% 14% 90% 1074 834 83% 5 105% 100% 1017% 104 5 104% 103 90% 103'% 4 100% 104% 995 104 1% 105% 9519 3% 9% 104 % 106% 1021 i 1021 105% 4 100 8y % 105% 103%, 10215 1031 82% 106 1234 981y 95% 1101 42 10214 101% % 103% Nat Datry 6% s NYG&EHP NY Teldin . N Y Telfs 41 . No Am kd &5 62, N Y Edison 61 Nor States Pwi Pacific Gas & I Pac T & T 68 '53. Pan Amer Pe . Paramount 08 "47.., Postal Tel & C6%e 27 Pressed Sti Car bs. 5 Pub Serv G 4% Pure Ol % Rem Rand 6 Richfield O11 Sinclair Oi1 6% 8 on 1 nclal inglair Crude 6 104 %8 49 102 Stnelair P L b, 841 YA 9614 10~% 101% 107 108% 114% 108 102% 03% 1021 102% 105% 108% 1027 106 104 W 100% ¢ 108% 1084 York 104% | 104% FINANCIAL [ v s BONDS oo exensvca] PICTURE INDUSTRY Received by Private Wire Direct to The Star Office UNITED STATES. Sales. High. Low. Close. 981, 981, 103% 103% 1047% 10i% 105% 105% 104 104% 100 99% 107% 107% 104% 104 110% 109% 9815 98 82% 82 101% 101 29% KON 92 911 10415 1044 109% 109% 52 50 101 101 100 Solvay Amer 58’42, 10 8. 1 Southwest Bell Stand Ofl. NJ "48. Stund OIL N Y.4% Tenn E1 Pwr Tex Corp cv ba 1 Transcontl Oll 6% s 44 United Drug 6s'53. 14 " S Rub st rf §s... 27 Utal Pwr&Lt bs. Utilities Pwr 5 Warn Bros P § Western Elec bn Westn Unlon 6158 White Sew Macn Willys-Ov 615 '33. Wilson & Co 1st 6s. 1 100 Youngstn S &T ba.. 6 103' 103% RAILROAD. Atchison adj 4s 5 92% 9. Atchison gen 4s. 20 97TH% 9 A T&SFev4lsds. 11 128 127 AtlCoast L 1st 4s.. 1 95% 95% 2 B & O gold 4s. 95% 9% B&O 41560 . €0 101% 101 O 18t & ret 106% 106% 104% 104% 110 110 961 96 104% 104% 100% 100 100% 1003 vl 904 3 9y 99 14 104 104 T 94 98% 9 98% 98% 26 99 98 103 98% 9 W 105 104% 100% 100% 117% 117% 12 112 Byl 89% 49.142 8 1 B&OSW 58760 ..., Boston & M 58 1955 Boston & Maine 6, Bklyn Un E 63 '60. Buff R & Pitts 438, Can Nat 4%s 54, Can Nat 4% Can Nor 4%s 35, Can Nor 6138. Canadian Pac db 4s Can Pacific cifs 5. 103% 103'e 105 104% 3 95% 95% 6 105 105 100% 100% 1025 102% 100% 100% 100% 100% 9% T9% ™ 2% 102% 102% 95% 95% 99% 841y Ches Corp 58 *47. Ches & O gen 4 Ches & O 43893 Ches & O 4% s B 9| Chi & Alton 315 Chi Gr West 43 Chi 1nd & L ref bs. . Chi MII&SLP 448 B Ch. M&StP 4% ‘89 ChIMIIStP&P 6876, 13 CM&SLP Pac adj 5s. Chi NW 438 2037.. Chi& N W.con 4% 100% 841 51 51 99% 99% 106% 100% 109% 109% 92% 92% 994 99 ChiRlcv4%s60.. 75 98% 984 Chi Rk Isl4%48A.. 1 6% 96 Chi Un Sta 4%s.... 11 108% 102% Chi Un Station §s.. 5%105% W5% Cld Un Sta 5s 44 1105 105 Chi Un Sta 6%s. CCC&StL deb 4%s. CCC&StL 4%s (E). 132 CCC&StL bs (D) 6 100% 100 105 984 CubaNor$ % Del&Hud ref 4 Den & Rlo G en Den&RGW 63 5. D R G&Wst 68°78.. Det United 4% E Tenn Va&Ga 8. . 106 86% 82 9215 92 106 86% 82 9214 9 45 45 107 107 1115% 1114 99 9¥, 99% 984 111% 111% 44 a4 811 Bl 101 100% 941 94 107 107 6 106% 105% 665 6613 Fla East C6s 74 Gr Trunk st del Gt Nor 4% '76(D). Grt Nor 4 %8 (E).. Great Nor gen Ts. Hav El Ry §%s '51. Hud & Man ad) 111 Cent ref 4s. Int Rapid Tran: Int Rap Tr Int Rapid Trans Int & Gt Nor adj A Int & G Nor 1st 6 104 103% 2 12 Kan City Sou 5: 1024 102% Kan City Term 4: 93 93 831 8315 100% 100t 91% WO% 101 100% 1 1 91% 106 106 AN% 4B% 101% 101% 101% 1013 881 881y 95% 95% 100% 100% e RES e coan Lehigh Val Leh Valley b8 2 Long 1sI rf 45 "4 L&NGY%s. ManRy 1st Mich Cent 4 Mill EI Ry&L 65" M StP&SSM con 4s. M StP&SSM bs gtd. 10 M StP&SSM 6% 2 M K & Tex 43 (B).. 46 MK & Tex 1st4s.. 1 MK&T4%s73... M K&T prinbs(A) 11 o Sran ~n% 9 104% 108% 9% 79N 1011 1015 101% 100% 101 100% 9815 98 103 103 1004 100 108% 1084 106% 1061 98% 981 1073 107% 101% 101% 102% 102% 9% T9% 95% 954 1227 108 By Mont Trm ref 55’41, 96 NOTex& MGsB.. NO Tex & M 5%s. N Y Cen deb 4s N Y Cen ret': NCC&StLés'31.. 15 N Y C&StL 6832 N Y NH&H 48 4 122% 106 N Y Rallway 5 Norf & Wn con 4s.. Nor Pacifio 3s 2027. Nor Pacific ¢s. Nor Pacific ref 6s. Ore Wash 1st ¢ Penna 4s '48 Sta. Penna 4% '63. Penna 4%8 1970, Penna gen § 68 68 v 294 94 113% 113% 3% 93% 97 97 101% 101% 98 97U i an 110 109% 101 101 101 1004 105% 105% 9% 95 95 101 100% 95% 9414 871 87 9% N 100% 100% 101 101 9% 99% 1% 91 931 927 1044 103% 99% 993, 98% 9815 107% 1078 2 4T 46k 51 51 4% 42 96 95% 9915 998, 100% 100% 1004 100 89% 89 110% 110% 1164 116 124 123% 12 111K 108 10216 29 2y U 9T 9% 91 94 9314 101% 101% 1074 107% 101% 101% 93% 93% 100% 100% 86% 864 100% 100% 99 98% 2 924 92 BANK CLEARINGS. NEW YORK, August 15 (Special Pere Mara 1st 5s .. Pitts W Va 4148 B. Pitts W Va 4%sC Reading gen 4% A. Reading J C4s61.. Rio G West col Rio Gr Wst 1st RIATk& L 4% StLIM&SS: StL IM&S R& StL & SF pl 48 Sou Pac ¢%s rets Sou Pac 4% 869 ww 31 So P & Ore 41%5'71. 45 Sou Rwy gen ds.. 52 Sou Rwy con . Sou Rwy 68 '5 Sou Rwy 6%4s. 10 Tex & Pac 68 Third Ave Unton Pae Union Pae 4% Virginia Ry 1st 9814 103% 1047 105% 104%, 100 1074 104% 110 98Y% “2% 101 *9% 91% 104" 109% 50 101 100 103 92% 97% 128 95% 5% 101 106% 104% 110 96 104% 100% | 100% 401 99 104 94 98 105 100% 117% 12 8% 104% 1043 104% | 103 10, 95% 105 100% 102% 100% 100% 2% 1024 9514 9u% 8d1a 51 991 100% 109 92% 99 98% GAIN 1S FORECAST Larger Receipts Are Seen for. Current Year—Radio Trade Improves. BY J. C. ROYLE. ‘The motion picture group has become the bellwether of the amusement flock. Unless all indications are erroneous, it is leadipg the amusement industry into decided prosperity. It is true that the motion picture industry is in the midst of its annual Summer slump, according to N. Golden, assistant chief of the motion picture division of the Department of Commerce. Unseasonable weather hay contributed in some degree to a droj in box office receipts, but this has nol been snfficient to produce a depression in the industry. The artificial re- frigeration of motion picture theaters has made them a gathering place for wilting patrons in the last two months, Movies Still Popular. American, according to Mr. has not lost his taste for the ies. The fact that some two or three thousand motion picture houses have closed up for periods of three to six weeks Summer does not mean that business is siack. It simply means that the business i being transferred from the cities to the mo- tion picture houses located in the Sum- mer resort towns, which have their big season irom June to Labor day. “The industry is just as prosperous s it ever has been,” said Mr. Golden, ‘with all the producing units in full swing " There is every indication that theré will be expended at the box offices of the motion picture theaters in the United States during 1930 approxi« mately $1,500,000,000 or $200,000,000 more ‘than' it is -estimtaed was spent in 1929. Mr, Golden declares the moa tion picture industry is “depressioft proof.” It is usually the last indus- try to be affected in periods of depres~ sion. Even in times of severe unem- ployment, nearly every movie fan can and does find the money to attend his favorite theater regularly. In fact, ats tendance is then likely to go up, since idle workers have more time on theiy hands and desire some relaxation whici will brighten their outlook. ‘The Gold £6% 102% 105% 105 5 115% 115% 115% | tory last Fall. 2 100% 100% 100% | preciably on the movies or the legiti- 100% 981y 66 80 52% 94 96 93 1% 2 106 863 82 9244 9214 45 107 111% H8% 994, 111% 44% 81% 101 941 10° 105% 103% 72 1024 93 831 100% 914 101 YT} 9% 106 48% 101% 101% 8815 95% 100% 104% 9% 101% 101% 101 98 103 100% 1084 106% 9874 1074 101% 102% 79% 95% 122% | 105 96N 94N 06N | 6814 9% 118% 93% 97 101% 9814 111 110 101 101 1054 95 95 101 941 8714 943 100% 101 99% 91% 93 103% 99% 98% 107% 46% 51 42% 96 99% 1004 100t 891y 110% 1161 123% 12 108 29 913 94 101% 1074 1015 98% 100% 86% 100% 99 924 Radio Industry Improves. N The radio industry, according t leaders in that line, t1{31«)0!111‘ up ‘lfi!g the most disastrous period in its hisé It is not cutting in aps mate stage. Theatrical men say that 1045% 104% | the fact that radio is offering pro- grams every night does not keep the average. citizen from going to the favorite star lh:rthe:&lu e gy perform at least one night Loud wails are coming from the legitimate theaters. Thl.'y sa; Lh: talkies are driving them out of busi- ness. 1t will be remembered, however, that they made the same assertion with regard, to the silent movies when the latter were introduced. The silent movies added to rather than detracted from the legitimate theater attendance ‘and farsighted movie mefi say the talkies will have the same effect. Base ball is having one of its great- est seasons. This is due in no smal part to the weather, for there have been long periods without rain and the schedules have been well main- tained. A new stimulant for the game is night base ball, which is becoming 3ohzurin in the Middle West and else- (Copyright, 1930.) Baitimore Markets Special Dispatch to The Star. BALTIMORE, Md., August 15.—Po- :Iatoss.hwhiub 71502 pounds, 1.15-:3; lew, barrel, 2.75a3.25; beans, hamper, 3.00a3.50; beets, 100, 3.00a4.00; cp:’br- bage, basket, 1.00a1.25; carrots, 100, pounds, 4.00a5.00; celery, crate, 1.25a | 2.25; corn, dozen, 15a40; cu s, hamper, 60a75; eggplants, hamper, 1.00 al25; lima beans, bushel, 1.75a4.00; lettuce, crate, 40a90; onions, 100 pounds, 1.2522.00: peppers, hampers, 50a60; peas, bushel, 2.25a2.50; squash, hamper, 75a90; tomatoes, hamper, 1.¢ ples, bushel, 25al.75; quart, peaches: bushel, 1.00a3.50; watermelons, 100, 15.00250.00. Dairy Market. Poultry, ‘alive—Chickens, Springers, und, 20a30; horns, 18a23; old Leghorns, 12a15; old i ducks, 11al5; pigeons, . 15a20. | . Eggs—Receipts, 1312 cases; nearby | firsts, 23a24; Southern firsts, 22; cur- | rent receipts, 20. | Butter—Good to fancy creamery, pound, 35a40; ladles, 25a36; rolls, 24a 26; process, 3212; store packed, 23. Hay and Grain. Wheat—No. 2 red Winter, e 9515; No. 2 Winter, garlicky, spot, 92 August delivery, 921s; September, 93%; October, 95%. Corn—No. 2 domestic, yellow, new, 1.14al.15; cob corn, 5.50a5.75. Rye—Nearby, 65a72. Oats—White, No. 2, new, 51a511%; No. 3, 50a§p%2. p Hay receipts, none. General hay market strengthening. Drought has seriously curtailed nearby crops, chang- ing the entire situation. = Sections here- tofore shipping are now asking for offers of hay. Good clover mixed and Timothy new hay will bring from $22 to $28 per ton. Wheat straw, No. 1, per ton, 9.00a 10.00; oat sfraw, No. 1, per ton, 9.00a 10.00. Live Stock Market. Cattle—Receipts, - 1,200 head; good b s T hoice % wrim ers—Chof e (grain fed), 8.50a9.50; good to cfwlce (grass fed), 7.50a8.50; medium to good, 7.00a7.50; fair to medium, 6.50a7.00; plain to fair, 5.50a6.50; common to plain, 4.50a5.50. Bulls—Choice to prime, none; good to choice, 6.2526.50; medium to good, 6.0086.25; - fair to medium, 5.50a6.00; plain_ to fair, 5.00a5.50; common to plain, 4.50a5.00. Cows—Choice to prime, none; good to choice, 4.7525.00; medium to good, 4.50a4.75; fair to medium, 3.50a4.50; plain to fair, 3.00a3.50; commen to plain, 2.25a3.00. Heifers—Choice to prime, none; good to choice, 6.50a7.00; medium to good, 6.0026.50; fair to medium, 5.50a6.00; plain to fair, 5.00a5.50; common to plain, 4.50a5.00. Fresh cows and spring:rs, Sheep and Lambs—Receipts, 3,000 head, good supply: market higher. Sheep, 1.00a3.50; lambs. 4.00a10.25. Hogs—Receipts, 700 head, light sup- ply; market higher. Lights, 11.00a11.35; heavies, 10.00a11.25; medium, 11.258 11.50; roughs, 7.25a9.00; light pigs, 10.00a10.50; pigs, 10.50a11.25. Calves—Receipts, 100 head, light sup- Ply; market stea Calves, 5.00a11.00, TEXAS CUTS OIL OUTPUT Reduction of Product Totals 118,- 000 Barrels a Day. AUSTIN, Tex., August 15 (®).— Curtailment of oil production in Texas to 750,000 barrels a day, a cut of ap- proximately 113,000 barrels. was ordered yesterday by the “tate Railroad Com- mission. 30a60. ). — afovl York bank clearings today, $950, 000; a bank baland a $! year ago, $1,783,000,000. New ; issuing the order the commission ruled ces’ today, $124,000,000 “d :lr 2go, $189,000,000. New York production in Texas is the chief menace 9 102% 10214 10214 Federal Reserve credit balances toda +» 12 101%°101% 101% $123,000,000; & year ago, $179,000,000. and The program was made effective August 27 for a 80-day period. In that ‘“‘existing and threatened _over- to the balaneing of the world's supply demand. i