Evening Star Newspaper, August 22, 1930, Page 13

FINANCIAL, RECEVER IS ASKED 1= FRWRNER B e Bmaunml?rofouhndfln Suit Filed at Wilmington ; Segks Accounting by Pic- tures Corporation. CHEAPER POWER RATES SUGGESTED FOR RELIEF Maryland State Grange Also Rec- ommends Cut in Telephone Costs. IBEAR DRIVE FALS INTODAY'S MARKET) == ‘°'~ Bull Foroes Resume Opera- - tions in Face of Specu- lative Inactivity. Close. Ql otor. 78% Gen Am Tnk Car(34) 38% Gen Asphalt (§)..... eekly Deo(ares General 164 Gen Bronze (1).. i Trade Freshened Since | 5 Ex ‘1 o 8 sow son &4 » 5 First of Month. e e s 40 1‘:5.‘ 85 8% | By the Associated Press. ] Agent Union Trust Bldg. Nat. 1018 el k] 118% 116 Alr Way T1 Ap(2%). 1% 17T% Ajax Rubber, . 1% 1% 1% 6% Albany Wrap Paper. 10% 10% 117 20% 20 20 20% By the Associated Press. The automobile column in . the jhout the United e dm:hfi has u! the month nmn,mmgm!uflnulwu k, 1o its the week August . Bears have mue H"-le fihflw in any markets, says the re- ntly hn a second bot- August, just went ovcr the top in beginning of August at 86.5 D!r cent of mle &, trifie lust ll:t.\vl!y 1! sml stagnant, but reached resistance levels, de- spite the astonishing slackness of sea- sonal forward buying in wholesale lines which is leaving retail shelves “Whether the business recovery from now on is to be slow or fast, only sea- ent,” says the review, 8 question of revival of ative and agressiveness which has been weakened in the past few months by repeated disappoint- and by defeatist doc- be: slack, but l-hrhhh'mll—. , cashier of the o T P S af re of the > mu:p New York rove, Vies Sl Department Stores, said, Buyers yers coming into the New York market, he said, hear so much “blue” talk in the sources of supply that their attitude, in turn, is detrimentally affected. While retail executives are unwilling @t this time to venture predictions re- the Fall and Christmas holiday over, nevertheless there is an un- dercurrent of confidence that with the end of this month the worst probably will have been seen. The belief is held in several im ance t‘;’ yur Assoclated Oil Co,, Pacific Coast sub- sidiary of Tidewater Associated Oil Co., lm completed its Whelpley No. 1 well, in Kettleman Hills, at a depth of 7,904 jowing at the rate of 3,200 bar- rels a day, with 75,000,000 cubic feet of gas. The well is owned jointly with the Shell Co. TREASURY STATEMENT. ‘The United States Treasury balance snnounced today as of close of business August 20 was $112,208,270.27. toms receipts for the month to date ‘were $20,595.450.91. 'raul ordinary ex- pmdleur-, $6,835,210.96. STOCKS EX:DIVIDEND NEW YORK, Aullut 22 (A).—8tocks lx-dlmd today. =5 !oi'g B ] : i SyC-aef 52 25 Fass 961 84% AllegCpx§30w l* . 343 232 33% 56% 95 92y Allied Ch & Dye(né). Am European Secur. Am & Forn Power 2i Am & For Pwr pf(§). :mlfl"&m Pwr 24 of. 80% 48% Am News (Jt4)..... 119% 85 B84 80' Am PAL 17% 72 s 99. 23% 48 8% 5 6% Am Pwr &1t (31).. AmP&L o A (3%) t ot A 8t (5 Am Pwr & Lt of (6). Am Ra&Std San 1% . Am Tobacco B (+12). Am Tobacco B(new) Am Water Wks (n1) Am Writ Paper of AmZinc Ld & Sm 29% 19% Archer-Dan-M (3) 8% 4% Armour of Il (A 4% 2% Armour of Il (B). 65 55 Armour of Ill of (7! 46% 31% Asso Appl Ind (4). [ 65% 48 126% 4% 19% 43% 30 153 265% Mb n‘l% 43% 1454 usu uw. lOlK um 194 102% Atch To & 8 Fe (10).. Atch To & SF pf (5). 19% Baldwin Loco (1%). 4% Balto & Ohlo (7). 122% llflt 1068% Bamberger pf (634). 1 -Beatrice Belding-Hemingway Bend! 834 10% 16% 38 12 26% [ 4% 844 384 106% 6% ™ 24% 20 110% 195% 139 6% 46 1% 6% P 1 ix Aviation (2). 17 Co. Bethlehem 8t} of (1) Co (k3),,,.. Callf Packing (4) Calumet & Aris (3) Calumet&Hee(al%). - 2 7 1 1 3 2 2 2 5 . 1 2 llC 104% Baldwin Looco pt (1) 580 oo o Sarewmm 86 86 262% 254 5 20% 281 294 28% | 160 108% 107 107 108% |- 98 18 11296 l'lDK 17“ nou 26 42% 42% 144 189% 184! 108 126% 125% 125% 126 55% 656k 554 O S sapeake Corp (3) Chi & Alton. Chi Great Western Chi Ind lbo\l pL(4). 100 11 & Pas. - Ber oS InSnnan - e ™ 1Y hares Corn Prod Ref(t4% ) Crosley Radio. Coty. Ine Crown Cork ( Crown Zellerbach (1) Cream of Wht(13%). Cuba Co. Cuban_A; Cuban-Amer Sug pf. Cudahy Packin Curtis Publish (16% Curtiss Wright Corp Curt Wright Corp A. Davison Chemical Debenham Sec (2 32) Del Lack & Wn (11). Detroit Edison D1 Dome Mines (1), Drug Comnv.n (4. 1 Intl (34) - - s O T Y - T T T Ty Pa Bl to Exchange Buf (14). 1 ‘T&R Pirst Nn Strs lllL rm Rubber.... sk Rub 18t BT Sewwndn 42% % 187% 1.7 - 92% Gen Motors pf 8% Gen Outdoor Adv. 24 O‘l Out Adv(A) 30% Gen PublicSve (b6) 65% Gen Refract (t4%).. 27 Gen Theat Rquip vte 58 Gillette Sar Ras(: 7% Gobel (Adolf). 1st of (1) 8% Gotham Silk Hoslery 5% Graham-Paige. 18 Granby Con 10 Grand Union. 34% Grand Union 31% Granite City 8t1 ‘ll 18 (Gr Nor ctfs 17 Gr* West Sug(1. ') 124 Grissby Gru: 28 Gulf Mobile & North 26 Hackensack W (1%) 12% Hahn Dept Stores. .. 86 Hanna pf (new) (7). 19% Hartman (A) (2).... 5% Hayes Body. 70 Hershey Choe (5) 881 Hershey Choe pf (15) luu lgo:: Hershey Cb pr pf(6), - =1 83 w8rannen 3ug o AT T T L T 12 Hupp Motor Car (: 136% 111 Ilinois Central (7). 19% Independ Ofl & G(3 41 Ind Motor Cyele. . 87% 22 Ind Motor Cycle 28% 8% Indian Refining..... 239 1544 Ingersoll-Rand (15). 30%. 12% Inspiration Cop (3) 17% 10% Insurance Sh (4be). . 9% Insur eu-(}n) (80c) tut Sowe 238, - Int! Printing Ink (3) 88 TIntl Print Ink pf (6). Intl Salt 18% l-v-nmlnlufll. 3134 Isiand Creek Coal(4) 43 JowelTea (16).... 4 .70 . Johns-Manville (3).. ~Albee-O pL(7). 205 © % ldfi‘”m 33% Kennegott Cop (3 L1 Klnlfi (GR ) of (l). . . ‘ BuBrnBuana med ITenmm Be nakBeiSe H --' P MeKeason & Rob (13, Mack Trueks (6).... Mmfl)&&(l“) s, igma Copper (4).. 0% luul-nnco.... . s S S anid M 8tP MoKan & Texas ll).. Mo Kan & Tex pf(7). . R rren e Myer(FE) & Bro( Nash Motors (4). iry Natl Dept Btores (3 Natl Dept 8t 18t (7). Natl Distillers (3).. Natl Pwr & Lt 1)... Natl Rve Mex 24t l l\ll‘lfl" pLAT Tea Co (2) orth Am: 66% Northern Pactfle (5). Ohio Oil (2) Ot Well Supply Oliver Farm Bauip. . ¥r Eqovpt(3).. change Pathe Exchange (A) Patino Mines... Peeriess Motor Car. . 4 ™ S B o RBRoad Phila Read C & 8l Philip Morris (1). l,l’lhlllllll Petrm (n2). Pllllhun Flour (2):. CETTTS - o) - s%e Smurmaa® 09 00 00 1 o2t 10 1 1 1 00 14 80 00 10 S.......-:.-!'-p pathy. Buu forces resumed operations in the and merchandising shares on jevels. _ Pivotal ustrials were gen- The new American Tobacco shares reached new highs, and Che old Class B stock sold up more t.h-n points, while other tobaccos gained 1 to more than 2. International Business Machines mpunted more than 3 in response to -nnnuncemont of a large backlog of orders, and the safety razors issues ral- lied on of continued merger R, Yoot e 2d ational en [ int or more. Such stocks as U. American and Gereral Electric teel, ined .“in . Kennecott, Anaconds, gsrnsr u’. Illinols Central and hlrly vnlL ludio-tmn in w] Ay ek recently, hel satisf <1 are - expected for actory any of the motion nlcture concerns for the third , but trade reports in- cooler weather has helped slready, and sub- ising | around 25 WOOL MARKET HELD QUIETER FOR WEEK ow | Trade Looking for Better Busi- ness After Turn of Month. By the Assoclated Press. BOSTON, A 22.—The Commer- clal Bulletin Boston will say to- morTow: “The wool market is quieter this ‘week, alf are firmer and in ‘Foreign markets are dull and prices nominal, wlth Merinos firm and cross-| slightly in buyers’ favor. “Mohair is still very dull, with quo- and water shipment vool rm Boston from January 1, ul?)', it 21, 1930, inclusive, were 90,- su. pounds, against pounds for the same period last year, The receipts from Janusry 1, 1930, w August 21, 1930, inclusive, were 26 ;’L‘el :g 4 m&. against ?amu us e same period ast year." ‘The bul lfln will publish the follow~ leeces, De- nuf-blood one-quarter blood | B9 Dwaihas I Cpertbie a20; bl 27a29; three-eighths bl:: one-quarter blood ‘Wisconsin, Missourl and average In- dhnn and New nwhna. % blood, 25a % blood, 27a! Y4 blood, 28a29, MM —Tun—flno 12- months (selected), 73a76; fine short, 12 0‘:!01? '10.72 nne months, 68a70. forn! 65a67; middle county, 63a85; mtlawrn —Pine and F. M. 88 75; fine and P. M. Fr. wmhll';:?l'IOl“. fine and F. M. clothing, 6 valley No. 1, 67a68. Scoured basis: Montana and similar—Pine staple | ™ choice, 75a77; one-half blood eolnbln three-eighths blood % one-quarter blood mm. -Delaine, 80a83; AA, 75a80; PFine A supers, 67a72; A supers, obatr: su] 60n85. Domestic, original ‘Texas, 40a42; good inal Arizon; FOREIGN EXCHANGE. (Quotatiuns fu .-:.nflg.umg-.f...m 4. crown. Stockholm, crown DRY aoonhuxm B XORE. Mg S tetion for ehxste and 34 market for adjustments in -plcu.lnu-nl practice to minimize future losses. CHICAGO LIVE STOCK MARKET CHICAGO, August 32 ). —Hogs, 19.4:00 head, inch 5, M)(Gn direc el m dl pounds, 3 Oltfll 2,500 hnd calves, 1,000 head; fed steers and yearlings active at week’s mc.sl \mflen advance with heavies (u stock, bulls ;| Joseph 1. Weller mmm. 7.50810,00; " stocker and feeder cattle, steers, ~and chole S heene 13,000 head; lambs, steady to Mu’xhom..-l‘. llllur. sheep mmnmzs r pounds, good cho! RAW HIDE MARKET. NEW YORK, August 22—Raw hide tutures reversed the trend of Thursday and with 1138 and May 1295, In the sctusl market Chi ;'oozuf.m -chi i 1,000 E 13% ocents: 1 stee gust, ‘sold at 13 cents; 3,500 heavy na tive steers, June and July and A sold at 13 to 131 cents; 2,500 native cows sold at 10% cents, and 2,500 ll.h&_n.fiu cows, , sold at 10% cents. RUBBER MARKET. - NEW YORK, August 22.—Crude rub- m ribbed sheets, 'll mrk!d at today’s noon 0 3 compares with 10 I mom.h and 20% a year ago. A S EOR S DIVIDENDS DECLARED JNEW, YORK, August 22 (P)—Divi- l&!lll. f Hidre. ot ;nh o B TR % 3 :.-:'i b >35> th > z -3 555 Essssssd SR 1 ! i 1 Sept.17 Stoek. Oities Srv Co.% of 1% M. Oct. Omitted. Rerular. Abitibl Pow & Paper, 1% ot 78 1 m.ul 000000000 ,§ McKesson & Robb.350 Q Sep. 15 AUTOCAR Tnums Brieirig .,.,'IL. k..,.. St Ih lflh"al rmru as o & If you value money and wub I to conserve time and entr(y you'll appreciate our serwce n obtaining | mortgage “loans. There's no lost motion with un On Improved Real Estate IN Nearby Montgomery Count y the . District of Columbia rmeTTImETE Lowest Interest Rates BOSSEMHELPS , August 23.—A -mm-mmt of an accoun tods: vuh the dert of the Coure ot "Coan eer; classified section of today's Star for Packard's list of used cam. PACKARD’S USED CARS Offices Saul Building 925 15th St. N.W. Several desirable rooms at very reasonable rents. Inspece tion invited. B. F. SAUL Co, Nat. 2100 928 15th St. N.W. m YORK, August 22 ().—Warner Bros. Pictures, Inc., celvership dled 1 W Ira 1 and that proof dispro “N‘:‘l:o;“e"h‘:fi '&mlhlo moment, v mismaragemen the dlncwn and asked for an account- lwointment O & rocatner Nehunnh:l; !00 lhn- mt'gfm RATES ON SILVER. LONDON, A L 1s 11-16 per ‘!..'.’.f'.?.” mw T it raf short 2,316 per cent; e bm? 3 % § in Real tate Investments JAMES Y, PENNEBAKER Nat.5291 1520K St. N.W. " REAL ESTATE LOANS Made at Low Interest Rates [ TYLER & RuriEReoin K St. NN\W.- National 0478 Money to Loan ""mn'fi..‘:‘\.‘.:‘..."..- omminton e o & £ A Learn the Value of * Wise Investing! * Steady, slow accumulation brings more in the long rus, Select . Real Estate First Mortgages as e wise, con- servative investment. We Make Pirst Mortgage Loens! First Mortgage Loans In Arlington County and Co-ngnwclll Investment 808 15th 8t. N.W. Mll“‘lfllfl - . Capital Resources, $3,300,000 ort| - ng oan mnn‘a:- for “24 JACKSON PLACE JOHN JO! Assets wu.m 8. m'n'. Jl..m Surplus & n-nu «. 81,17 Alwas Save! No ' matter how large or small the amount may be, learn to put it “away” consistently! ‘Real Estate Loans Ample funds always available for loans on improved property in the Dutuet uiCoknlu‘ and nearby Maryland and Virgini Low Interest Rates Long Term WEREESRS 009 15th St. N.W. District 9486 Mortgage Losn Correspondent Metropolitan Life Insurance Company SAFE FIRST MORTGAGES A PROFITABLE INVESTMENT EVEN "FOR SMALL SUMS You don’t have to employ a large amount of money to enjoy the benefits of our 6% FIRST MORTGAGES You cani buy them in amounts from $250° up—and increase your holdings 'from &me to tll‘llflba lways recet,vlng the same definite rate of lm:est-— and with the sahi¢. + principal. y B. F. SAUL CO,. ' 'National 2100 * 925 15th St. NoWA: Over a Third of 6 Century Without o Loss