Evening Star Newspaper, August 23, 1930, Page 12

FINANCIAL. MODERATE GANS INBUSIESS SEE {Trade Journal Finds Hopeful Factors in United States Industrial World. West Penn El pf (6). 30s W.ll?.‘llbf"). 108 3 West Penn Pw pf(6). 60s 109% 109% 109% Westinghwe +. B (3). 2 37% 3T% Y SRR :‘i&:r;-:‘m those mh 1o be sold in odd lots only. g:::'"' “""&:‘.’.b - ‘:": ik Low. Dividend Bate. 444 00 Mich. Low. Close. Close. Titnots Central (7). 0% 20% 2% o To s 145% 146 14 16 16 186% 108 Atr Redvetion ¢33. .- 119% % 6 Intl Gombustion oo o ox| 7 % UM bord e R 6% Albany Wrap Paper. Prov. Sates— Prev. Stock and Sales— “Prev. \ 1 ) o Mg i "',."'m".:"(‘mm g Dividend Bate. 464 0. mien: Closs. 3 Dividend “Bate. Low. Close. Close. | ligh. Dividend Rate. Add 06, High. Low. Close. Close. AI SHMT&WN 13% Pres. 4 b Oils Subjected - to Selling’ Pressure on Unfavor- i ULl PwraLt & (432 2% able News. 20% 95 =) ¥ Vadasco SalesCorp.. 4 2% 262% B4 Vanadium 8Stl (14) 170 89% tH Va-Car Chem... 2 4% Va-CaroChem 6% f 1 24% Va-Caro Chem pf(7). 2 1% Vaulean Det (4)..... 60s 3 Waldorf Systm(1%) 26 Walworth Co (2).... 3 25% Warner Bros Plet... 146 War Bros P of (2.20) 4 123% 124% 1 22% 23% YToungs Spring ll).. 35% 35% Zenith Radlo. ! ™ ™™ RIGHTS lm Allied Ch & Dve(né). 48% Allls-Chalmera (3).. 2% Amal Leather.. Some ful factors are seen by BY GEORGE T. HUGHES. Dun’s wi ly. review of business, with the Ins ehlrlcmrlned as ‘“moderate” and “That some impetus will be given to trade as strictly. Summer restraints are a logical conclusion,” says the review, “but the exceptional con- ditions prevailing this year make for conservative. expectations. The experi- Special Dispatch to The Star. A Int Nickel (Aug.30). 172 % % % NEW YORK, August 33—Today's a w:-.nsrou’ .Sept 15 121 1 1% week end stock market had its soft Divi rates as given 1 above nnua; partiou- caun Payments based on'the Iatest Guarieny of Balf yearly declara: | SPOtS, but again the selling in M " Unit of trading less than 100 shares. fPartiy extrs. tPius ¢ | 10T 15SU€s and p o it in stock. §Payable serip tock. | little or no effect on the 2Fafd this ye Tesular Tate b Payaate n oct” 4 Paretis he o B h 1 Plus 0 per sent 1o Int] Printing Ink (3) Int] Print Ink of (6). Int Prtg Inkcifs (3). Intl Salt (3): Intl Tel & Teleg ll)- 156% 108% Am Can (4).... l:z 140% Am Can pf (7). 9% Am Comm Aleohol. . 2 ‘Warner Quinhn . ences of other periods when the same unusual phases were absent cannot be wholly relied upon as an index to the early future, yet a more cheerful feeling in various quarters at this time is con- sidered natural. In certain measure, the rather better sentiment is supported by actual gains, although these are only nwdenw and scattered, and by no eans reflect a trend to.sard general uplflt. Simultaneous recovery in all lines after a severe setback is not to be looked for, but the slight rise in steel ut, the improved weather for crops for retail dlsmbuuon. the extensive l'Old -bullding and other construction programs, and more stability in some commodities are among the hopeful auguries. The point has not yet been reached, even after protracted and widespread readjustment, where the ex- cess of price declines has ended, but me unsettlement is ‘less acute, and of markets might reasonably In expected to promote buying interest. Asntumn Requirements. Wgemenu for Autumn, while ‘modi! by the reduced public pur- wer, are entering more large- calculations of merchants, is operating steadily to bring about the closer balance between sup- plies and demands which is essential to com._.ercial revival. In a statistical sense, numerous adverse CcOmpArisons are prominent, but such a showing is an inevitable concomitant of business re- action, and signs of beturment do not ordinarily first appear in these indices. to economic recuper- ation, fundamental changes sary and rehabilitating loreu have been in progress for many months. Ulti- muly, the effects of these basis move- Erade expansion. yet nothing in the m- e im- nudhu situation indicates that the ad- b| otherwise than gradual y official data. Tecently an- Secretary out yesterday with statements say- ml.neflactmtflltuwnlnlhnm were not yet at hand, but there was mhope”thn the tax cut could be cop- Thz lttit\lde ol the Chamber of Com- the United ol sent active trends in ownership opennm of banks, with ary to branch, group and chain blnhlnx Upon the results of this nudy will depend further steps in the cmm- ber’s procedure, such as a commiti study for the purpose of develomn: a mfland recommendations to be con- |- by the .membership through e rendum. “Meanwhile, the formal declarations of the chamber, made through refer- endum vote of the organization mem- bership, remain in the form which they took when the proposals of the Mc- Fadden-Pepper bill were brought .for- ward. As you may recall, the declara- tions then made by a very large vote were in favor of ltian Dermlnlnl national banks, sub; to the regula- tion of the controller of the currency, 'pl;umz bnmhelnng::.lhln Ihelrl metro- areas co ting e com- mercial communities if State the same cities were permitted to have branches.’ The point of view g:evnuina among our organization members with Tespect to this question would seem to appear in the heavy vote cast in favor of so-called intracity branches for na- tlonal banks under competitive condi- tions, 2,161 votes being cast in favor and 105 votes in opposition.” The current yleld of 25 representative New York City bank stocks, based on market prices, is now at a level which pre: during 1926 and axceedx the yleld at lny time during the past years, despite the tremendous expu sion and growth of the banks repre- sented, a tabulation prepared by the New York Stock Exchange firm of Mc- Jones & Co. reveals. The aver- age current yleld amounts to 3.5 per cent, which is identical with the yield on both June 30 and December 31, 1926, and compares with 3.1 per cent on June 30, 1927; 2.8 per cent on December 31, 1927; 2.5 per cent on. June 30, 1928; 2.4 per cent on December 31, 1928; per cent on June 30, 1929; 3.2 per cent on December 31, 1929, and 3.4 per cent on June 36, 1630. By the Assoclated Press. NEW YORK, August 23.—Retail Wln- fon in New York is somewhat divided over the probable showing of sales fig- ures for August. There is a general agreement that the average total will be under last year, but the estimates of the amount of the decline range from 5 to 9 pericent. It was said that the ef- fects of drought and unemployment will pull down the average, with no Reports runrduu the volume of women's cloth-coat business done by re- tailers indicate that cool wuther eur- ing the week served materially to crease the turnover. The arrival of mw business and reorders on medium and popular price merchandise served to im- part a more cheerful atmosphere to the wholesale market. to leaving on their Pall trips meeting of salesmen urs- enly in Klv York under the e e National Council er:lln‘ m ‘s Associations. will be aevowd to umnunmn lmuu:m. wlm B T scanomic 33% Am European Secur. 564 Am & Forn Power. .. 55 Am Home Prod(4.20) 31 Am Ice (14).. . 28% Am Internat] (3).... 39 Am Locomotive (4). 90 Am Locomot of (7). 35% Am Mch & Fou Con 6 Am Mach & Metal: 28% Am Metal Co (1% 72 Am Pwr &Lt (1)) 75 AmP&LpfA (3%) 99 Am Pwr & Lt of (8). 80 Am P&Lt of A st(5). 23% Am Ra&Std San 1% . 48 Am Rolling Mill(n2) 1% Am Ship & Com 53 Am Sm & Rar (4 101 Am Sm & Ref pf (6) 200% Am Tel & Tele (9). 118 Am Tobacco (new). . 197 Am Tobacco B (+12). 117 Am Tobacco B(new) 120 Am Tobaceo of (8).. 78% Am Water Wks in1) 44% Anaconda Cov (3%). 26% Anaconda W&C(1%) 347 Anchor Cap (2.40) ... 18 Andes Copper (1%). 19% Archer.-Tmn.M (2., 1031 Archer-Dan pf (7).. 4% Armour of Il €AY, 2% Armour of Tl (B)... - 3 H o PROPPRS T 0L S, S 91 Auburn Auto (§4) 19 Austin Nichpr A Sie 4% Aviation Corp ll'b.l 19% Raldwin Loeco (1%) 63 Bang & Aroos (3 20% Barnadall A (2) 97 Bayuk Cer 1st of(7). 21 Belding-Hemingway 27% Rendix Aviation m.‘ 21% Rext & Co (2). 75 Bethlehem Steel (8). 1224 Rethlehem Sti of (1) #0% Rorden Co (k3). 13% Rriges Mfg Co. & 12% Brockway Motor Trk Brooklyn & Ouull.. 1 » - -..»«.u-»? T Runpmnm 20% Bush Termnl (3%).. 1% Butte Superior. 60% Byers (A M). 60% Calif Packing (4). 1 Callaahan Zine & Ld. 48% Calumet & Aris (3).. 13 Calumet&Hec(al%). - - Ronm Sumom 40% Can Pacifie(new)w.d. 20 . Cannon Mills (1.60). 150 Case (JT) (8) 53 Caterpil Tr (13 9 Celotex Co... (O 9 e 12% Chi Mil StP & Pae. 19% Chi Mil StP & Pae of 66 Chicago & N W (5).. 25 Chi Yellow Ql Cl). . 82 City Joe&Fuel pf 6% 5% Citv Stores (S0e .. 42 374 City Stores A 3%).. l;;: 133% Coea-Cola (8| 20% Comm Selvents (21) 12% Comwith & Sou(60e) 10% Cwlo‘lum-"l"l“. £3% Corn Prod Rofl'fl‘) 140 Corn Prod pf (7)....1208 15% Coty Ine... 5 12 Crown Zel “). Curtiss Wright Corp 31 Curt WrightCorpA. 7 Drug Corporatn Dunhill Int] (34).... 1 Du Pontde N (14.70) 26 Eastma Eitington-Schild pf.. Elec Auto Lite (6).. 9§ B! Pwr & Lt (17..... 100 Elec Pwr&Ltpf (6). 1 Elk Horn Coal pf.... 108 Equit Office Bldg (3) 3 ErfsRR1stpf (4).. 1 ErfeRR2dpf (4)... ' 1 Fash Pk Asso pf (7). 20s Fairbanks Morse nl 1 Fid Ph Fire Ins 2.60. 1 Gen Bronze (1) Gen Electrio (1. Gen Food Corp (3).. Goan Gas&EL A(e30). Gen Mills (3).. . Gen Mills pf (6) Gen Motors (13.! Gen Motors pf ( =1 FNCTY Ty E oy ) Gen Theatre Equip Gillette Sar Ras(ns) = - LT =FE P YT Goodyear 1st of (1), 8% Gotham Silk Hoslery Graba; - 18 Gr Nor ctfs Ore 17 Gr. West 12% Grizsby Grunow. 28% Gulf Mobile & N B IUS- - TP - TOYes (UGS [PPSR AT Opa) ? Inter Dept Btrs (3 Warren Bros (3).... 7 3 Jewel Tea (14).. Johns-Manville (3) Kan City 8ou (5).... Kayser Jullus (3%). Kelly-Spring Tire... Kennecott Cop (l) . Kolster Redlo. Kreage(BS)Co(1. Kreuger & Toll 1. Krog Gr & Bak (nl1). g8 & Myers pt (7). Loew's, [ne (3)..... Ludlum Steel (2) McKeespt T Pl (16 McKesson & Rob ‘Marshall Hlld ll“) Mathieson Alkill (I) . MIilEl Ry & Lt Df(l) Mohawk 3% Moon Motors. Monsanto Ch (g1%). Montgom Ward (3) Motor Products (3) Munsingwear (14) Nat Acme (1%). Natl Lead pf(A) (T Natl Lead pf(B) (6 Nat] Tea Co (2)..... Novm%ur (1%) % Norwalk Tire & Rub 01l Well Supply..... Of1 Well Bup pf (7) Ohio Oil Co (2) Petm (B). Param‘nt Publix (43, Park Utah...ccecc00 Farmeive Traas §0c.. Pierce Petro] Pitts Y Astab pf (T Pittston Co (37%¢).. Sears Roebuck($3' Servel. Ine. . $hell'Union Stand GA Bt (4).. Stand O of Cal (3%). Stand Oil of Kan (2) Stand Oll of N J(132). Thompson (J R) (3). Thompson Starrett. . ‘Thomp-Star pf (334 ) Tide Water As (60¢). Transamer (1. ul B (ST 1 ) Utd Strs. nu%n)-- us U 8.Bxpre: 08 pretens 3., L-ETL P eTer - - Y - SrCrBelaremoan - 5 SunBrurmeransn mua -, Ol aane HeaanNE » OIS T ST e - (IO 1S - Enlureabhionn novoan _ -..?2: W'ren Bros cv pi . h Phis JPlul t'ver centin stock. "k Pius '3 per sent rr cent In lulsl Plus 8% | protests against granting the exten- sions. ) 80s Wess O & 8n pf (4).. Western Md........ m in stock. b Plus § per cent :m Dreterred Stock. F Bubject to approval of e m'»mi‘.. e Tl EXTENSIONS OF GAS SERVICE ARE ASSURED Special Disatch to The Star. h Specia! Dispatch to The Star. B A 2 A e | BALTIMORE, Md., August 23.—Po- f:ounzy will be mp{ : wrl‘:‘h t;l f:;{- tatoes, white, 100 pounds, 75a2.00; bar- owing the approval vesierday by the |rel, 2.25a2.15; beans, hamper, 2.5003.35; Co. of Montgomery County for exten- |1.0081.15; ' carrots, 100, 3.00as' 40: Y e e ery, erate, 1.25a3.00; corn, dosen, 358 . | cucumbers, hamper, 1.00a2.00; lima torhe application which calls f0r sx- |beans, bushel, 2.75a4.50; lettuce, crate, tribution eystem to and into Seat mmk $0a130; m,ommneuu.mrm Nz,gg: e i, tooue, han Gornad b, Oakimont an A Son 1.10; biackberries, quart, 16a16; can- w W t;lwpellm?er 18-1;:0 h\u:ulebe{rzl;-., ':nflw'“'h:"gh?gh“&m“ nmission | 350; watermelons,” $66." 10 00m34.00.” of , » . < STOCK LIST FIRM Dairy Market. % ultry, alive—Chickens, springers, ol raning the splcstion the som | FE0 o, 01" GHD 2T the construction of the said extensions | DS, 15822: Leghorns, 13a1s; old shall bo completed Within Six mONWNs | fow], each, 65a75; pigeons, pair, 15820, after: the- data o Eggs—Receipts, 1,143 cases; nearby i —‘l g Ty frsts, 24825 Southern firsts, 22833 inclair 0il Corporation. current receipts, 22. Butter—Good to fancy _creamery, Sintiote Consoliaed Ol Comporation, | 2ound. 368413 ladles, 30; rolls, 27a28; in the first half of 1930, had a net in- | 2rocess, 33a34; store packed, 25. come of $3,251,709, or 49 cents a com- | _ mon share, after preferred dividends, against 86,196,194, or $1.02 in the same 1929 period. 'Sin $2 annually, it wuld requln net profits o #1 in fist earndividend. dzfic-km , expensive Okla- proration and lu,k of tull advantage on market- ing facilities investments explain profit 16th and Columbia Road N.W. One Room, Reception Hall, Kitchen and Bath Electrical Refrigeration First Mortgage Loans On improved Real Estate in the District of Columbia and mearby Maryland and Virginia for 3, 8 or 10 year terms on your = DYp0p e Aply RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT NEW YORK LIFE INSURANCE COMPANY 1321 Connecticut Ave. Decatur 3600 Real Estate Loans Ample funds always available for loans on improved property in the District of Columbia and nearby Maryland and Virginia. Low Interest Rates Long Term WSS 009 15th 8t. N.W. District 9486 Mortgege Loan Correspondent Metropolitan Life Insurance Company Slack Insurance EASONAL workers know all too well that every once in a while there will be a slow-down. The one way to” bridge this gap of time with no income is to, be financially prepared when the slack season rolls in. You can create your own “unemployment insurance” by setting aside a small por- tion of your earnings in a sound, never- fluctuating security—such as the 6 per cent First Mortgage Notes sold through Swartzell, Rheem & Hensey Company. These Notes are purchased by thousands of people all over the world who want extra income when extra income is most needed. Your money in these Notes supplies you with a steady income of 6 per cent an- nually . . . year in and year out . . . through “good” years and thmugh “oft” years. And.this record of earnings ex- tends for over 61 years. During that time, no owner of these First Mortgage Notes hlil e\lrterh lulf:cndm:he loss of even a penny in either plymentoron the original investments. This is why you should inquire as to how they may meet your investment needs. L 16; guinea | $2: SWARTZELL, RHEEM & HENSEY Co. MORTGAGE BANKERS - T27 19 STREET N.W. . \'washinoTon D /. RADIO RETAIL SALES DECREASE $5,000,000 By the Associated Pre: vised do Retail dealers sold $87,000,000 worth ...a a .u,m redueflon in S e e | S - as or antic Refinin . the similar months of last year. ; y A total of 6,535 dealers, representing a cross section of t.he industry, reported to the Department Commerce the average business per du.ler was $2,015, as eompnred wlu\ :nu for the same Toral nleof o equipme nt for first three months of the current share for the first half of 1930, 7 a sha of last year. England’s ave) nts on nnemplondmebenem:” I:::me m' SAFE FIR ST MORTGAGES SUPPOSE YOU HAVE AN OBLIGATION TO MEET IN THE FUTURE You can easily arrange to take care of it through the earnings from an investment in our 6% FIRST MORTGAGES Century Upon the day you make the Without a investment you can figure pre- Loss cisely what the income will be, continuously. Over a Third of a May be purchased in amounts from $250 up. BB BAUL GO National 2100 925 15th St. N.'W. THERE 1S NO SUBSTITUTE - ‘FOR - SAFETY- Service Runs Like Clockwork In the Shoreham B(Iilding In the planning of the Shoreham Building every modern detail of facility and service has been provided and every precaution taken to render this service with the highest standard of- efficiency. The machinery of management will run like clockwork, anticipating ten- ants’ comfort and convenience. Build- ing supervision is in the hands of master experience—to' the end that your conferences may be called for any hour of the day or evening with the -assurance that every feature of service is functioning. . Reservations of space—from sin- gle rooms to expansive suites, may be made, with opportunity for dictating interior arrangements to conform to your requirements. MSKEEVER £ GO$$ . Representative of the Owners SHOREHAM INVESTMENT COMPANY TOf Featn M [T —— T T ——