Evening Star Newspaper, August 19, 1930, Page 15

Fl CURB SHARES GAIN IN BROADER BUYING.== “List Moves Steadlly For-| ward, With Various Groups in Demand. 3 BY JOHN A. CRONE. “#pecial Dispatch to The Star. NEW YORK, August 19.—Breaking out of the irregularity that marked the opening today, the Curb Exchange moved higher as trading increased. Electric Bond & Share moved up & Ipoint and was followed by American Buperpower, also up that amount, and JAmerican & Foreign Power, which rose .about 2 points. Cities Service was only ‘moderately active, but gained about a *half point. Public utilities, motors, food shares and speciaities, in order named, led ‘!oremhn dealings. The outstanding aWeak spot in the utilities was Brazilian +light & 'Traction, which has met per- ';!la:ledz‘n selling in Canadian and European * Ford mwn Ltd., early showed signs %6f activity. Purther news of the !Durant Motors® reorganization and ex- vlu n_program caused a flurry in that stock. Rells-Royce preferred dropped 2 a new low price of 6. American Aumn rallied. German General Electric by a frac- | tional dip hit & new minimum level. e & Co., which harbors a very Jarge S membat e Aort T ferest, gave that group the shivers fs it advanced about 10 points in early N.‘o—AIIMllnfllhm ose designated by the letter s (80s) ‘whiecl mfiflm“hfl‘h.‘il‘wfly Shrer. 1980~ High. Divident Rate aSee 20" 16w Amiated Prod Inc. .« 8y 16 Alnsworth (314)... Allegheny Gas. . S Allida Mite (8663 . 106% Alu Co of Am of (&) 97 Alum Ltd cum pf (8) 6% Amer Austin Car.. 3% Am British & Cont. . Am C PR&L(B)10%) Am Com I'(A) b10% Am Cwith P(B)10%, Am Cynam B (1 60). Am For Pwr(wa Am Gan & Eles (11). Am Lt & Trac (3%). SoaS-onnh ale T Am Pub Ut pr pf ( Am Superpwr 1 Am Super 18t pf (8). Am U&Gen B vte 400 Anchor PF (h10%). Anglo Chil Niti Appalachian G: Areturus Rad Tube.’ Ariz Globe Copper. .. Ark Nat Gas (A). .. Asso Gas & Elso. ... Ass0 GEE A (812.40) : 0 GRE (A) db rts % AtlanticFruit & Sug. Bervad DR e E a a2 g | =5 fu Aviation Credit. Bahia Corp..... BancomitCorp(1.60) Blue Ridge Cp (40e). Blue Ridgo ov of (a3) Brazil Trac & Lt(h2) Bulova ev of (334).. Burma Corp ¢t31c).. Cl - B B £3 18t pECTN). dealings. Although the trade talks about pros- pects of a crude oil price cut in the mideontinent field, the petroleum shares, aside from a few market leaders, were Telatively quiet. Southern New England Telephone rights, after opening at 8, promptly moved. up to 87%, a record high level. Kong Island Lighting preferred was con- icuous among the utility preferred A'Kl.ru because of its 1la-point decline. Interstate Equities preferred came :within a fraction of its previous low following publication of its report, which showed common liquidating value as of June 30 was $8.94 a share. Elec- tric Shareholdings continued weak as its report showed liquidating value of $20.03 a share June 30, as against $27.85 March 31, last. Food shares resumed their advance under the early leadership of Great Atlantic & Pacific Tea, which jumped 9 points. National Dalry preferred A was up fractionally and so was General Baking preferred. National Rubber Machinery rallied 2% points. Neptune Meter lost 1% overnight and Tung Sol Lamp, down 114, attained a new low for the year. BONDS ON THE CURB ) MARKE' DOMESTIC BONDS. Low. Pow 55 'S6.. m:!’. 1031 w % Alabama Pw 4las '67. i Aluminum Co 18 Am [ s 10 Omwih Pw 6s 40 93% w« 1$Am Omwih Pw 6 ‘48 Bl 13 Amer r ] . 3523338 8323 F3 EE)»»» o L S i3 2 222222308, ~ SGESS o3 4 ] 3 ] 1 i 1 5 7 0 13 i 1 9 29900ReRRy €2 TSN S, 332822323 38228222 kS & = & FEE N =pagiesaSosennusey R 5 SRR ST RSO 'y i 28 aeri St A oo Sese & ‘/a s e i1 3 282083228 100! -, 2o H ai 100! b 88 2 Egggs: 2232823528 TR elvivator 65 ‘36 x opper G&C 8ias | m 1 3 s - iEn P 8 6 ‘onnnia . S8unl8heenon B e e Bt e 2AAEZRE = 2288 se! EXPRE ES5F s 23285ty .. 9 5, t e 3 ot ata e % 85% Aot 35555 555 333802355! R IR R g0 !d 51 SE 1 0*1 IrI‘V’A 100% l 5' a A9 Xfl! » ]0!!4 1023% S 50 3 995 £ g P z,z 23 3 ateaconson D! 2RIy L oy oom vo i Zograr: 228 HoEH gEg ghd o = E- B 28 ot e, mgehu osos £ ===E=g SEEy - Quns "l"-.‘de”>n-l 5 Sas 20, 2 = bl Lol B mmma a0, a2 = - SESEE SN Seenz 858,233 a Cent P8 (A) (a1.75) Cent States El(k40¢) Chain Stores Dev... Chat Ph Al nv (50c), Chem Nat Asso b 39% B4 25 26% 114 Comstock Tunnel . Consol Auto Merch Consol Copper. Cord Corp..... Cor& Rey Df (A)(6) Oil. & Cuban Cane propt w Curtiss Wright war. Davis Drug Store: Dayton Alr & Eng. Deere &'Co (m1.20). De Forest Radl Detroit Alreraft. Doehler Die Casting. Dresser(SR) A(3%) 162% €6% 2% 3% 8% 56% 31 209 140 <17 k4 il d 2% u 18% T 96% 2% 117% T0% loih IO‘W 1 4 Duquesne Gas Cp wd 17 Durant Motors. . 90 Eastn Sta Pwr B(1). Eisler Eelectric(1%) El Bond&Sha cu pf (5 £) Bond & Sh (b6).. £] Bond & 8Sh pf (6). 6% Elec Pwr Asso A (1) Eler Pwr & L op war Elec Shareholdg(21) Elec Sharehold pf (a8 Empire Corporation. Empire Fire Ins. ... Emp P Ser A (a1.80). Europ EL Ltd A(60¢) Buro Elec deb rts. Fandango Corp. . Finance C Balt A Foiker Alrerafi. Ford Mot, Can A 11% Ford Mor.Ltd 37 %e. Fox Theater Cl (A). Galena Oil Corp. Garlock Pkg (1. Gen Alloys (80c) 2% General Baking Gen Baking pf (3) Gen E. Lt rcta(80ec) Gen Empire Corp (1) Glob Underwriters. % Gold Coin (new). . 2% Golden Center. . Goldman Sach T C. Gold Sea) Elec new. . GrA&PTno-vib) Gr A &P Tea pt (7). Guard Fire Asso(2). Guenther Law (2)., Guif Ofl of Pati¥). Hazeltine Corp (2).. EHouston O11 of T Hudson Bay M & Humble Ofl (3 [mp OlL Can. o ind Terr illu O} (A) Intercoast Trade (1) intercontinent Pet n [nt! Petroleum (1). . Internatl Superi (1) t o S 00 100 e B8 1 R 01909 33t 89 01 85 00 29% 2:% 166% 1154 Interst Eqev pf(3).. itaitan Superpwr A.. Irving Afr Chute (1) Lefcourt Real(11.85) ieonard OMl.... 20% 3% Loew 112% 1073 Long Isld Lt pf (1) 5 2 Louisiana Lan& Bx. Mangel Strs pf(6%).1¢ ss Mavis Bottiing. Mead Johnson 13 Memphis Nat Ga: Mor & Mfg BA(1%). Mot & Min. Inc(1.30) N 0 BTN R O 13% 7% 3% 82% 264 1 55% 10% 164 8 00 Open 118 1 20 4% 8% B 4d% Dukg Power (§15)...250s 168 104 3 4 28 1% 4 95 839 T 107 21% 43% 17% 934 6 16% hundred-share lots wow. Close. | 18 20 18 20 Dividena Ra Mid W Sts Ut (1%). Mia Wat Util(b8% ). Mid West Ut A war.. Mid Wst Util B war. Midvale Co (4)...... Mo Kan P L (b10%). 1 8 26 1 1 MissKPLv.te.... Moody's 1 8 pt pf (3) Mount Prod(1.60) Natl Aviation Bond & 8 (25¢). Nor Sta Pandem Shy Spanish % Strauss 1184 32 24% 124% 26 18% T4 874 19% 31% 10 Walker Johnon Dividend rates in aniasl payi 4% in stock. & Payi h Plus 1% in stogk. 124 12% an Fuel Gas 11) Natl Investors. Natl Pwr&Lt pf Nati Pub Sv A(1.60) Natl Rub Mach (2).. Screen Sve(2).. Sh Tm s..moe) Union Ri 1 Corp (1. ML“. une Meter ll) .-Hud Pwr C wai Shars Md(40c) Noranda Mines (2).. No Am Aviat A war. Nor&Sou Am Corp A % Noth Buro O1l Corp, North St Pwr pf(6). % Ohlo Copper Ohilo Ofl (14 Ohio 011 (2) Outboard Mo Outboard Motor * Pac G&E 1st pf (1%) Pac Pub Sve (1.30).. Pac Western Ofl Pantepec Ofl. 4 Power Securities. ... Prince & White(25c) Prince & Whit pf(3) Prudential Invest. Pure O11 pf (8). Pyrene Mfg (80c) % Rallroad Sh Cp(25¢). Rainbow Lu Prod A. L Safety Car H&L (8). St Rexis Paper (1).. Salt Creek Con(40c). Salt Creek Prod (3).. % Seaboard Util (BOe)- - Seg Lock & H (80¢c). Selected Industries. Sel Indust ctf® (4%) % Select Ind pr(6%).. Shenandoah Corp. .. Corv pf (a3). Sillea Gel Ctfs. .. Smith (A Q) (2).... 17 South Penn OII('I") Southern Corp. . Tampa Electri Tran Con Air Tran.. Trans Lux DLPS.. Tri Otilities(21.20). Tung Sol Lamp (1).. Twin StNGApt 1), Ungerlelder F Corp. % Union Tobaceo. ..., United Corp (war).. Unitt Dry Unit Found (b2-35 ah United Gas Co (new) United Gas (war)... United Gas pf (7)... Utd Lt & Pwr A(1).. Unit Lt&Fwr(B) (1) Utd Lt & Pwr of(6). Unit Milk Prod n! 0 8&1ntl Seo 1at (). US Lines pf (1).... U B & Overseas war. Unit Verde Ext (2).. Utility Pwr&Lt(al). Utility & Ind... Utl] & Ind pf (I*).. Utility Equities. Vacuum Ol (4).. Vic Finan Corp (40¢) Walgreen Co (war). Wayne Pump. Wenden Coppe: Westn Auto § A (3). West Mass Co (2% ). Wheatsworth (1)... Wil-Low Cafetert “¥” 011 & Gas. Zontts Products (1) RIGHTS. & Mo Kan Pipe.Aug 25 So N Eng Tel. S Bnti ol iradine less than 100 o & Adjistment dividend, f Plus Plus 2% 3% in stock. n Plus 8% In stoci & 3 RN IR R Ot ‘orp (80¢). PwrA(S). .. ORI =8 on... M P T QU7 S PO NI -4 Smas > - PRSP RN B A RO - & Gen Rex. . Stand Inves pf(5%4). 100: Standard Motors. Stand OIl. Ind (2%) . 304 Stand Ofl. KY(11.80) Stand Oil, Neb. (3%} Stand Oil, Ohto(2%). Stand Pwr & Lt (3). Stand Pwr&Lt B (2). Starrett Corp. 7'6 1 2 s Roth. Docks aa » wom o meumonon S coBaraaoRoat oS nEReonn BanRe T o amne (H) ). Expire. Mot. . Aug 26 * B 8% 84 quarterly or semi- TRartly extrs. tPlus Oct 1 dollars based on la able, in cagh tock in mse‘{ ks TR Rail Stocks BY GEORGE T. HUBHI!, {Tnis i the thirty-oret of o “sertes o brief wnalvses by Mr. Hughes op raiiroad a5, *Tne ihtent 1o ot to. Pesoms ! mend the purchase or sle of any par. ticular stock, bu ve the investor such information as may enable him in- telligently to chart his own eourse.) Northern Pacific. There is no question about the invest- , | ment rating of Northern Pacific bonds. They are all so well secured and in jnormal years in‘erest charges are cov- % | ered by 50 wide a margin that they sell on a low yleid basis and are held largely by financial institutions and investors who must have safety above everything else. The immediate question of interest concerns the stock of which there is par value, On this stock the present divi- dend rate is $5 annually, which has been paid since 1922. Prior to that time ang back to 1909 the rate was §7 per ¢, the cut having been the result of Qecreased evenues i the post-war pe- riod. Like the other railroads, the Northern Pacific has suffered from the current falling off in traffic. On the earnings available for the stock at the end of 1930 will be only around $6 a share, which is not much of a margin above dividend cequirements. The Northern Pacific jointly with the CH ST I3 S _u:'ézasszss O 822528338, 3283 & Il;s'fi'v‘n g.{: RN P .l '3 7! ‘3}' Peri 7 0 & 22233388 Rio de J&n emicH Ruhr z:l«mh W .§'§ Great Northern controls the Chicago, Burlin & Quincy, which is a highly profitable pr . That road is now paying an annual dividend of $10 a share, which has been the rate the past eight years. It is estimated the Burlij ton will earn around $14 a share thi year, so that it would be puslble for the Northern Pacific and Great Nor- thern to take a larger proj of Burli n earnings in the form of divi- dends if they saw fit. In any case it 15 s fair mmmytlon that with improve- mn'. jeneral business tions a turn for the hm in basis of reporis for the first six months terstate Commerce Commission on the condition that these roads divest them- selves of control of the Burlington, is in abeyance because of political opposition. In any appraisal of the investment status of the stock of either of the Nor- thern roads ft is just as well to dis- regard the merger feature. EARNINGS B.EPOB,TED. NEW YORK, August 19 (#).—The American Agricultural Chemical Co., the American Agricultural Co. of Delaware and other subsidiaries today reported for the fiscal year ended June 30 net profit of $1,507,366, equal to $5.30 & share on the 6 per cent preferred, on which no dividends have been paid since April, 1921. In the preceding year the $247 a share on the prefererd. Seneca Copper Mining Co. for the June quarter reported a net loss of $136,884, compared with a net loss of $25,328 before depreciation and deple- tion in the ke quarter last year. | " The Pairbanks Corporation and sub- | sidiaries for the June quarter had net profit of $9,884, equal to 98 cents a share on the first preferred 8 per cent stock, on which no dividends have been paid since May 1, 1921. For the June uarter last year the net profit was 89705 equal to $8.97 a share on the first preferred. Dubilier Condenser Corporation for the fiscal vear ended June 30 had net profit of $4,145. equal to 1 cent a share, compared with $160.999, or 56 cents a share, in the preceding fiscal year. PARIS BOURSE PRICES. PARIS, August 19 (#).—Prices moved irregularly on the Bourse today. ee per cent rentes 88 francs 60 centimes. Five per cent loan, 101 francs 5 centimes. Exchange on London, 123 francs 83 centimes. The dollar was quoted at 25 francs 42% centimes. Sl R Brokerage Firm Suspended. HONOLULU, _August 19 () —The securities Il-lg"m. Honolulu Stock !’mh-n!e yesterday an- nounced suspension of Blackman & brokers, gl company's. net was $703,778, equal to | By the Assaciated Press. NEW YORK, August 19.—While the start of the week in the New York mar- ket failed to disclose any appreciable gain in the number of visiting buyers, it did reveal an encouraging sprinkling of reorders on a number of Fall items, the trade reports. The reorders re- fltc':d the pick-up in retail sales last week. Lion Ofl Refining Co. has signed a contract to supply United Gas Co. with gas from the No. 1 McFadden well in Victoria County, Tex. Work of laying a pipe line to connect with the line of United Gas, three miles away, will begin immediately. The Stearman Aircraft Co. of Wichita, Kang., has signed a contract with Com- mercial Investment Trust, Ine., to pro- sales of Stearman aircraft. Some falling off in orders for silk and wool clothes, with a stronger tend- ency toward dpllin goods, is reported in the silk tra in New York. Orders from the dress trade still are below ex- pectations, it was added, while lower price buying features business from re- tailers. The revised marking regulations un- der the new tariff went into effect yes- terday and customs procedure under the new rules was to be working ummhly The new regulations provide the immediate container of an ob- eet muat also be marked properly, and i what con- SUGAR MELT. | | NEW YORK, August 19 (#).—The | total total sugar m melt of 15 United States re- | for the period from January 1 a8 the'! were 3 995,000, t 15 was 2,985,000 long tons, ! momlnu tons_in_the cor- yur. Deliveries m against 3,- & | peseta is in stock. m Plus | ay vide for the financing of installment| SDAY, AUGUST 19, 1930, ISINCLAIR WORKING ONBIG OIL MERGER |Proposed Nevs Combine of Properties \VYould Rival Standard Organizations. BY PRESTON S, KRECKER. | Special Dispatch to The Star. NEW YORK, August 19.—New moves ) in the plans of Harry F. Sinclair and associates to form a billion-dollar ofl company, rivaling in size the great Standard Oil organizations, are indi- catgd in news from the Pacific Coast that the Mission Securities Co. has been chartered under the laws of Nevada to hold ‘the entire block of more than 1,000,000 shares of Tidewater Associated Ofl stock recently purchased by Banc- america-Blair interests from the Stand- ard Ofl Co. of New Jersey. * Merger negotiations have been con- ducted between Sinclair Consolidated and Tidewater Associated Oil executives for several months, but so far have not resulted in any definite agreement be- cause of inability to come to terms. ever since the company was in 1926 to merge the Tide- water Ooil and Associated Oil compa- nies. .Now the properties are desired by Harry F. Sinclair to give him a !ooflmld on the Pacific Coast and to round out an organization which eventually also is expected to include the Prairie Oil & Gas Co. and Prairie Pipe Line Co. Sinclair Trying Comeback. Some folks thought that after Harry F. Sinclair was found guilty of con- tempt in the United States Senate's investigations of the oil scandals few years ago he was through with the # | ofl industry. Mr. Sinclair, however, re- turned to business determined to stage & comeback, and he now bids fair to make good. Recognized as an unusual- ly astute oil man, he has laid his plans with care. His recent sale of his 50 per cent interest in the Sinclair Crude Oil Purchasing Co. and the Sinclair Pipe Line Co., founded by himself and his friend, €ol. Robert W. Stewart, for $72,500,000 cash, was one of the steps in carrying out his ambitious program. His next proposed step is to take over the Prairie companies. ‘There is no doubt whatever that a deal for acquisition of the Prairie properties would have been consum- mated long ago but for the unusual laws of Kansas, which stipulate that in the case of corporations holding Kansas charters 100 per cent consent of stock- holders is necessary to complete the sale of their property to another com- pany. So far Mr. Sinclair and his associates have found no practical way of meeting that requirement, since they realize that.g handful of obstinate stockholders could block a deal. De- 2 | Dec | l [ Two years ago. ‘Three years ago, weekly aver. 1321 High, 1930 .202.4 Low, 1930. High, 1929 Low, 1929. Two years ago. ... Three years ago, weefly aver High. 1930....... Low, 1930. High, 1929 Low, 1929. 'NEW YORK COTTON NEW YORK, August 19 (Special).— pound in 10 days, the cotton market developed & less one-sided course in prices today and, after several irregular fluctuations over a range of 30 points and going into new low territory at one time, the list closed with a gain of about $1 a bale. Below 10% cents for Octo- ber, trade buying offered better resist- ance, following the establishing of new low records for the ninth consecutive day. Trading continued the heaviest of the season.' Spots were advanced 25 points to 11.25. Cotton range: Qctover, old. Qctober. :::::::::= ZRERRE gunsue=gss ERESESEEEE 338 BETTER BUS!NESS SEEN. NEW YORK, August 19 (#).—The American Machinist says: “Dawn seems to be about to break after a long night in the country’s machinery and machine tool markets. Reports from week to week indicate a oomlnu-lly incrculnc wave of optimism which now bem its wake the first of a flood of in that really mean busines in the not wo- far-distant future. INVESTMENT TRUSTS NEW - YORK, Auzun 19 (#).—Over the counter market: Amer & Gen Secur 6% Amet Jounders 6% pi. Amer Founders 7% Afso Stand Ol Enare isea Exchangi spite that formidable obstacle, Mr. Sin- | 9 clair has not by any means given up cherished project. Salling for mrope the other day, he said that the &uumun of the Prairie properties was under negotiation. Obstacle Is Removed. One possible obstacle to consumma- tion of the purchase of the Prairie eomplmu ‘was removed about two years ago when the Rockefeller philanthro- pies, the General Education Board and the Rockefeller Foundation, sold thefr holdings of Prairle stock to the Blair banking group of New York, which since has been consolidated with the Bancamerica Corporation, a Cincinnati enterprise. As a result of that deal the Bl&lr group, which have been Sin- clair bankers for years, now hold large interests in the three-large oil com- panies which he seeks to combine with the Sinclair Consolidated Oil Co. A large block of stock of the Tide- water Associated Oil Co. is owned by the First National Bank crowd of New York, of which George F. Baker, multi- millionnaire, is the head. It also is understood that when the Rockefeller corporations sold their interest in the Prairie companies John D. Rockefeller did not part with his personal invest- ments in those companies. As an out- come, Mr. Sinclair may be compelled to win over those powerful interests to his plan. The task might discourage any other man, perhaps, but smcuu- ‘himself. (Copyright. - 1930.) e RISE IN VALUE NOTED FOR SPANISH PESETA By the Associated Press. MADRID, August 19.—The eta, Spain’s monetary unit, nominally worth 19.3 cents, was slightly improved yester- day from last week's record slump, but, & | still had political repercussion in the reported intention of Manuel Arguelles, finance minister, to resign. It hovered around 9.55. The cabinet will meet in council to- day to discuss the situation. How serlous the situation has become in cnnaequenre of the falling of the revealed in customs revenue returns. Fort Bou mllecud only 600,000 pe- setas, compared with 1,600,000 in the previous week, Other ports of entry reported losses of about one-third the normal receipts. GRAIN MARKET CHICAGO, August 19 (#).—Big export business from North America gave wheat values comparative strength much of the time today, but prices fluctuated rapidly, and at one ti* - wheat went down "fo within one-half cent of the lowest level this season. Some estimates indicated 2,000,000 bushels of wheat had been taken today for shipment over- seas, chiefly, however, wheat grown in Canada. Corn market weakness, ascribed to new rainfalls in drought ter- ritory, acted as a drag on wheat values and pulled oats down to a lew low price record for the season. Wheat closed irregular Vs cent off to /, cent up compared with yesterday's finish. Corn closed nervous 3Jsalls cents net lower, ol?.s at 3pa% cent de- cline, and provisions showing 2a12 cents advance WHEAT - September . December Close. i 9817 9813 4% High. Low . 88T 86 ol 934 NEW YORK, A t 19 () —Stocks firm; public utilities Bonds bes! lead advance. rises 2 points. Fore| Brazil at new 1930 lo roved trade demand. Sugar l"tdy On Aupptm Coffee Ulflcm. Au‘u!t 19 (#).—Wheat easy; beneficial rains and bearish Kan- sas report. Corn easy; improved con- ditions Kansas. Cattle steady. Hntl higher. mmnmfmumm«m- Srotusta o e Dnied Biaes. yu easy; | ¢ Incorp Investor: Others unchangel DIVIDENDS DECLARED NEW YORK, August 19 (#).—Divi- dends declared: Regular, AISWR BEr 38 ot Bos Woy Hos & R Canad 9 . w- Midiah Yol gas & y United Stores pf.. it cul 1,31 a0 ik 78 ek. Midland United..1%% Q Sep./24 Interim. Pinchin John & Co..10%. Omitted. Whit Bat Sup $2 pf.50c Q Due Sep. 1. — . CHICAGO STOCK MARKET By the Associated Press. CHICAGO, August 19.-—Following is the complete official list of transactions in stocks on the Chicago Stock Ex- change today: Sales in hundreds. m,h Low. Close. Abbott _ Lab. . 42% Util par 8 Am Pub Util bl 80 Am Pub & Qen. 700 Auburn’ Auto co Kentucky. 100 Lynch Corp. 2080 08 Malestic H 3¢ iwu e Mk A 11700 Mia West umv. . Soavoara ot 130 Stemode ‘il 3% S T T & = Following a decline of over 2 cents & |. STOCK AND BOND AVERAGES By the Associated Press. Prom Yesterday's 5:30 Edition. (Copsrisht, 1930, Standard Statistics Co.) CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, A 19.—The follow- ing is a summary of 1mpomnl eorpun tion news pu d by the d Statistics Co. !nc for the Auoc ted Press: News Trend. Financial interest at the present time is largely centered on commodity price movements. Y 's markets were marked by substantial liquidation, with all grain prices reacting on ln average 2 cents a Cotton futures broke $3 a bale to the lowest price since June, 1921. Latest Govern- ment estimate of domestic wheat carry- over is 275,000,000 bushels, an increase of 28,000,000 over a year ago. To re- duce this surplus at end of the season to a normal of about 125,000,000 b;l:&l:,t Elex:'rhnenb ol’w A‘ch.lmg E wi necessary to export an feed about 366,000,000 bushels. Cotton statistics are almost equally unfavor- able. The Government A t 1 forecast of the current crop was 14,362,000 bales, which, with the domestic carry-over, in- dicates a supply of about 19000000 bales in this coun Total consump- tion in year znded July 31 was 6,113, 932 bales and exports 6,970,709 bales. In the corresponding previous year &mpuon and totaled 15,134,653 es. Preliminary crude ofl statistics indi- cate produetlfin ‘was reduced 25,254 bar- rels in the t week. Current output in several years. The Companies. Baltimore & Ohio Railroad has laid off 2,800 men at Mount Claire shcps. s "‘%.&"‘mn“n 3 ,.’L“.‘éo Iders currently ex- ceed 22,000. East Butte Copper mnlu to shut down mine at once, tl; wndicou-sobnamn, Cogporstion, plans currently operating a o pacity, with output around 100,000 pairs o’!‘&‘:‘“’-‘u‘.u’m d ll N on_combined X im ne Iwnl 9| A "and B shares in frst half, 2.03 3 ““ t first half wunummm against $1. Geneul Realty & Utility buys New York city block bounded by Broadway, Columbus avenue, ~Sixty-seventh and smy-elgm siest for $3,375,000. entire nltunl - Publix fore! hnluqe productions d llins Hoslery Mills .fl!d 13 cents cn:gnon share in 24 weeu to June 21, .56 year ag .‘;'ll:::m‘:i (g nt "halt earnings 77 cents common share, against §1.67 year ago. sub- United Alrcraft Transport _ sul Pratt- whmwy shipped 875 mo- .m:g‘l.ruya first seven months, against 1,205 company's preunt unfilled ag0; ,000. uflml!ad ill:flofl P Cooper $1.41 common share in seven months to July 31. oDe“rz)lt Q:Bmfl It unfilled orders cur- 1t] 1,6 n’l‘)u‘{xg{n! Aull’mn 1930 sales estimated 14,2£0,00 o ‘ Drug, Inc., earned $3.01 on 3501 AD! shares in fitst half, against $3. 32,394,011 shares year ago Dubilier Condenser earned 1 cent common share n first half, against ts year ago. 58 o Am.egicm Tank Car first $4.58 common share, against $4.07 year . Intercontinental -subber had deficit $91,273 in first half, against deficit $57,720 Jesr amo Kansas City Southern (including Texlrklnu & Fort Smith), July net operating income up 2.6 per cent; 7 months, 13 per cent below year ago. Mahoning Coal Railroad Co. first half e"l;g&nzlla $24.65 commoen share, nst year ago. ‘!;‘oor & Co. first half earnings $2.03 class B, against $3.35 year ago. Van de Kamj Holland Dutch Bakeries earned $1.36 common share in 28 weeks to July 31, against $1.55 year ago. erner-anhn Co. had deficit $167,381 in first half, against profit $1,072,872, equal $1.70 common share, year ago. Washington Producel Butler——one-po\md prints, 43ad4; tub, 42a43. 30; s At Eggs—Hennery, current receip! loss off, 22a24. brotlers, medium, small, 2 Iclhum.l 23a25; fo'l.l 20!21 lthrn fowls, 14al5; dueu 15. Dressed— Shl ped in, iced, Spring broflers, 31a33; ium and small, 28a30; fowls, heavy, 2!!24 \medium, 23a24; small, 13al5. Jobbers' home-dressed Spring broilers, . 37a38; medium, 34a35; small, Lg] 20a22; ducks, 24n25; turk'yl. 34a35. Meats, fresh kilied—Beef, 18a20; veal, 15a16; lamb, 20823; pork loins, 25a26; fresh hams, 26; fresh m:ulaen: xa;zo IPRODUCTION OF 0L DECLINES IN WEEK |Daily Average Output - of Crude Drops 25,000 Bar- rels in U. S. y | By the Associated Press. Okla., August 19.—The Oil and Gas Journal reported a decline of 25,254 barrels in the estimated average production of ofl in the States for the week ended August 16. A ucnms of 26,270 barrels was reported the Oklahoma City fleld, offset by I.nuuul elsewhere. total esf & out- The put for '_ha week was bar- Tels, eflnm with 2,478,259 for the preceding The emnmea decline in the mid- continent area, 1nclumn¢ both light and heavy gravity oil, 25,250 4 equaling the downnrd move- d laced at 537,755 barrels, & dzaeue of 22,320 barrels. Little change was recorded In other midcontinent fields. Kansas production was down 3,165 bn- fdl at 114,320 barrels. The ‘total f mmeonuncnt area was lm.l'u Eastern mducthm remained constant lt,}hfl ,000 barrel e Rocky uounmn area showed only a small shift, decllnt;l'g:! ul bar- rah to 103,244 barrels. production status likewise was changed, the outflt of lkht oil Nfl gl‘ced at D!l 500 huvy oll at 84,500 b-mls. a_decrease of .lm l the counh'i mx 23,384 barrels RAII. SHOPS TO CLOSE. [ORE, Au 19 (Special) — i hed‘i‘.‘n‘tf.he Mount Clare shops of the timore & Ohio Railroad today notifying the employes that the “‘“E:pe‘é‘;‘éflr“i e order” will afiect to close the sl to within the 8l 'n worl 'oud :)‘v‘vsn tJrnnw three w& only a little work being done on passenger Saul Building 925 15th St. N. Several desirable rooms at very reasonable rents. Inspec- tion invited. ¢ B. F. SAUL CO. ‘Nat. 2100 925 15th St. N.W. Money on Hand to Loan on First Deed of Trust 643 Louisiana Ave. N.W. First Mortgage Money 6% BUIlf;lNG LOANS or IMPROVED PROPERTY Reasonable Retes Prompt Action B. F. SAUL CO. 925 15th St. Nat'l 2100 56,000 CHILDREN ORE than 56,000 fami- lies are assuring children of college advan- tages through the Investors Syndicate Plan. Saving as little as $13.00 per month will do it for your ~hild If you start EARLY. Send coupon INVESTORS SYNDICATE FOUNDED*