Evening Star Newspaper, September 2, 1930, Page 15

FINANCIAL . CURB SHARES GAIN - INACTIVE MARKET Utilities Again "rominent in Trading—Oils, Radios and Chains Firm. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, September 2.—Breaking out of the irregularity that character- ized the opening, the Curb Exchange list, under the leadership of the public utilities, moved into higher territory around noon tuday. The pivotal public utilities, such as Electric Bond & Share and Middle West Utilities, registered gains of a point or more. Leading petroleums, like Cities Service and Vacuum Oil, fractionally firmed and were followed by miscella- E:éms issues in other sections of the Public utilities, ofls, radios, chains and investment trusts, in order named, moved ahead during the forenoon, which witnessed the most active trading since August 15. Motors, rails and mines displayed mixed price tendencies. Following London cables relating the strength in that market of international shares, such as Brazilian Light & Trac- tion, Courtauld’s, Ltd.; Hydroelectric Becurities and Utilities Power & Light, opened up fractionally here. Electric Power & Light option war- fants jumped 3!2 points. Then nat- ural gas issues, such as Dixle Gas & Utilities and Pacific Public Service A, advanced. They were followed by radios and chain shares. In the latter group Walgreen and Great Atlantic & Pacific Tea made the best gains, with metro- mllun chain stores ‘and others register- g lesser advances. Selected Industries second preferred, though not one of the active.investment trusts, showed the widest gain, as it Tose 2 points. It was followed by Gray- mur Corporation and National In- “!Ptfig'b h & Lake Eri the u e Erle, among t Tails, merg and in the mine list New- mont Mining and Anglo-Crilean were:| the first to slip. Ford Motor shares featured the au- tomobile list in the forenoon. Ford Motors of Canada B shares fell 5 points and the A shares were down 2 points by midday. Ford Motors, Ltd., despite the cheerful tone of the London market, was fractionally lower during this period. Durant Motors eased fol- lowing announcement that the company had sold its Elizabeth, N. J., plant to the Bayway Terminal Co. ‘The shares showed improve- ment. Arcturus Radio, De Forrest, Du- bilier Condenser and Canadian Marcon{ #cored advances, . BONDS ON THE CURB MARKE' Ell in DOMESTIC BONDS. usands. i 110 50 a0 M 5 O Am Cmwih 94 i 993, 1 o 100% F3 & !838383;%!833!!8 S 553328188388 FEEE aF =uz2s5E55E TR R T 32228333888 822338883328 & 822888 & & o L s b3 160 100% 1 157 100%; 1 158 10214 1 L & Sa ¥ eI *F ¥ 555 TETTELIETY W 00 9% 99% 99 43 100t 10012 logke 3371005 1000 R 983 983 1017 1 1 1 Hi o: o et B41s 94ls 94V b 0314 103%, ‘" RIS SR T Pa08 35 4 ut o5 xas Gaw E Lt & RY 2 923, Lt & Ry 65 A '52102'% Rub 6'2s '36.... FOREIGN BONDS. S35 ....d..:_.:..:....s.-.:..!..:... s o sssomariasnsisises —— ¥ reo Hyd El 78 1 Sup Pow 65 ' ma Oy Peru 6135 '58 aranhao Braz 7s '58 ledellin Col 7s '51. . doza_Pr Tlas ‘51 86 = EEECE 292091 uh fl'fl" a 5o A it 90 2% L1d b & ‘38 101% 101% 3 v A W Vifrin 8000 7108 09 00 0 NEW YORK CURB MARKE Stock and Note—All stocks are sold In one hundred-share lots Diritesd Beth. those designated by the letter s (80s) mvlwmhhflhflmdy- . 1090 Stock and Sales— Low. Dividend Rate. B% Aero Stpply (B).... 3w Air Investors vie. % Allied Aviation. ... 0 Aluminum Co of Am. 6% Amer Austin Car. .., 2% Am British & Cont 74 Am Br B fd shar 6 Am Capital (B). ... S6% Am C P&L (A) (a3). 12% AmCP&LB (10%). 20% Am Com P A (b10%) 1% Am Cynam B (1.60). 124 Am Equities % 385% Am For Pow 104 Am Gas & El (1 2% Am Invest (war) 1% Am Maricabo. 90 Am Pub Ut pr pf ( 0% Am Superpow (1)... ¥4n Am Superpwr 1st(6) % Am U &G Byvtc 40c., 15% Anglo Chil Nitrate 8% Appalachian Gas. as Rad Tube. . 3 %6 21 % 8% 13 13% o 4 20 €108 00 Ve 01 1t = 0010 Oh kb th ATk Nat Gas (A) Th ATK N G cu pi (b0c), ¥ 102 Atk P& LpL (7).... 208 0% Asso Elec Ind (30¢). 1 35, Asso GEE (A) abris 2 B0h Asso G&E A (a12.40) 1o 97 A830 G & Kl ctfs (8).160s S¥% Asso Rayon pt (6)... 19 Asso'vel Ut (b8%). ¥ Atlas Utli Corp 5% Austin Motor 2l Auto Mus Inst (A). 4% Aviation Cor of Al 124 Aviation Credit. 120 Babcox & Wil (1) T4 a4 bahi Corp... Gl 1% Ban Corp pr. . LU 4w Bancom Cory (L60). 115 110 Belldel rapl(biz). win 48 Bliss (5 W) Lo (). oW Biue Kiuge Cp (40c) s B3% Blue kKigbe oV pLas. . 10 Blumentnal (8)... 29 Brazil Tr & Lt (hz f Bull N&EL PE (1.60) W Butler 5ros (8vc). .. % Cable & Wire A rt 3% Canada Marconi. % Carib Syndicat 25 CentlubSvcAa 19 CentStEl (kdve). ... 4% Centritug Fipe (§0c). 2l Cnain Stores Stock. . 17% Chat Pn Al nv (s0c 174 Chem Nat Asso nv 24% Clties Serv (g30c. »8 Ciies Serv pi (6) 3% Colon ULl S Lol Uil & Gas vic 31 Col Pict vie (f1%) a4 Com & S0u War....., 11k Com WatSv (b6%).. W Comstock Tunnel. .., s Uonsol Auto Merch., 12 Consol Lairy ¥r (2). YUk Cons Gas Balt (3.50). 10 Consol Laundries. 28 Cooper ssessemer (2) 5 Copeland ¥r Inc 6 Cord Corp...... 9 Corroon & Reynoid 66 Cor & Key pt A (6) 51% Cosden Oll. 10 Courtaulds L% Creole Petroleum. w Cuban Ci 30t Cumberl 8¢ Cuneo Press (2%3)... 24 De Forest Radio. ..., 4% Derby Oll Refining. .. 4% Detroit Alreraft. ..o 16'a Detroit Gask (1.20).. 10 Dixie Gas & Util. 8% Doehler ie C 66 Douglas Shoe pf (7). 31 DressSR(A) (3% 4 Dubilier Cond & Rad, 140 Duke Power (§i5). 7 Duquesne Gas Cp wi, % Durant Motor! . 28 7% Elsler Elec (1%) 117% 70% El Bond & Sh (b6). 95% 9z4 Kl Bond & Sh cu pt 109% 108% k1 Bond & Sh pf (6). 39% 19 Klec Pow Asso (1)..4 37 16% Klec Pow AssoA (1). 78% 281 El Pow & Lt op war., 82% 16% Klec Sharehold (31).. 18% - 6 Empire Corporation, 6 39 EmpPow pt (14.04),. 25 16 Emp P Ser A (a1.80) ¥ Ex-Cello A& T (80c) 2 Fabrics Finishing 3 Fairchild Aviatio 16% Federal Screw (3). [3 114 46iy 4% 6 2% uL , 120 o 4 I 268 116 = o LS8 B NN KRG CEN M RRR - s AN O a0 » K P wone -« 5 13% Fokker Aircraft. 28 Ford Mot Can A {1% 10% Ford Mot Ltd 37%e., 4% Foremost Fabrics. 2 Fox Theater Cl (A).. 6% Gen Alloys (80c) 234 General Baking. . 27 Gen Baking pt (3). 74 Gen G&Ecv ptB (6), 3% Gen Laundry Mach. . 20 Gen W W&E A (2) 21 Gleaner Harvn (2).. 75 Glen Alden Coal (8). 9 Globe Underwriters., 2% Gold Coin (New)..... 2% Golden Center....... 1 Goldfield Consol. 16% Goldman Sach T C 1% Gold Seal Elec new 13 Gramaph rets (20¢).. 44 29 Graymur Corp. 260 180 GrA&PTn-v (5 122 1164 GrA&PTpt (1) 5% 3 Guardian Inve 166% 1164 Gulf Oil of Pa 1% % Happiness Candy 14 8% Hecia Mining (1)...s 32% 24% Hires (CE) (A) (2).. 27% 13 Houston Oil of Tex., 14% 19 55 FONARN-D ANEETRNE NN S a = SernE~San N- - 2 Babure 4 S - BNNNRD aS Add 00. Open. High. Low. T 7 ) ~Prev. 1930.— High. Low. 18 (2508) -3 Imp Oil nd Ter Olosé: Ind Fin R URETS % Insull 1 Intercol Interna Italian Memph Mid W Moh H at Sh ebel ( Y Ha % ™ " ~ iag-H iag-H No Am Novade! Ohio O1 Pac G& Param Penn W Petrol ¢ Pitts & Polyme! Reybar St Regi; SW Dai Sunray Texon ( Tung-S: U G U S Lin Ulity uUtility Walgre ‘Walgres 4 Wayne Wil-Lo % 1% 1% Dividend rates in anual payment. s Unit of trading 4% in stock. P AMENDMENT TO AIRPLANE LAW SOUGHT BY By the Associated Press. Aeronautics officials of the Commerce Department hope the next session of Congress will amend present law to permit them to make public the causes of individual airplane accidents in the United States. Senator Bingham of Connecticut, au- thor of the original air commerce act, but it was erowded out by pressure of other legislation. Bingham is expected to renew the attempt at the December session. The proposal bears the approval of Com- merce Department aeronautics officials. LA ierce jen I airplane accidents, but is prevented by limitations of the act from fixing responsibility for individual mishaps, Liable for Damages. Officials explained that the law does not authorize subpoening of witnesses, flum t.:fim under oll:l and Cou“not prof department against libel suits, ‘They added that if they at- tempted to fix responsibility for acci- dents under present conditions they would be subjected to a of damage ‘suits. What is desired by the seronautics U. S. OFFICIALS defects in the airplane, 8.47 to miscel- laneous causes such as weather and darkness and 5.57 per cent to unde- termined and doubtful causes. Errors of pllots were held responsible for 52.5 per cent of the accidents. This included errors of judgment, poor tech- nique, disobedience of orders, careless- ness or negligence and miscellaneous other errors of personnel included m%nuory mistakes and miscellaneous. e largest single cause of accidents was given as poor technique of pilots, which was held responsible for 283 per cent of accidents. Errors of judg- ment caused 11.71 per cent of the mis- haps. Accident Total. A total of 924 accidents took place in the last six months of 1929. They were classified as follows: Scheduled flying, 76; student instruction, 70; experimen- 3% 43; commercial, 188, and pleasure, This compared with 692 for the same period in 1928 and 774 for the first six months in 1929, However, the total miles flown per accident jumped from 78,308 for the last six months of 1928 and 72,612 for the first six months of 1929 to 85433 for the last six months of 1929. In sched- uled trans] flying the number of miles flown per accident advanced from 121,350 for last six months of 1928 and 150,842 for the first half of 1920 to 309,739 for the last half of 1929. Aeronautics officials argue that if the causes of individual accidents could be 1t ‘would tend to give the confidence in fi 3 '{ha! an drunk, this um“‘l.dd b{ being nof t conditions s have thal tendency, MERGER PLAN APPROVED. NEW YORK, September 2 (#).—Di- Petroleum ) Indus Fincv pf (7). In®CoN Am (13)... Ind Hold & In (10c). Int Petroleum (1)... Interstate Equities. . Kirby Petroleum. Loufsiana Lan & Ex. Mfg Finance Mass U i Mead Johnson 13 Met & Min Ine ( Met Chain Stores. Mid West Ut (b8%). Mid West Ut A war Mid W Ut ev pf xw Midld Nat Gas A 1.2 Mo Kan P L (bt0%). Mo Kan P L vte Y Tel pf (614) Pennroad Corp (20c) vat & Pow (3) Reynolds Invest Rock Lt & P (90¢). Safeway St war 5th. 100s & St Anthony Gold. 9 S W Gas Utllities. Standard Motor: Stand Oi1 Ind (2%). Stand Oi1 Ohio (215). Std Pub Sve A(b8%) Starrett Corp. ... Starrett Corp pt (3) Strauss Roth. Stutz Motor Car SunInv.... Sun Inv pf (3 & Pasable in cesh o stock. vidend, fPlus 5% in stock. g Pl S HULTRT atock. ) Bius 3% Phis fon '1n Received by Private Wire Direct to The Star Office Sales— Add 00, Open. of Can (50c) 5 18% MuOil (A).. 6 ctfs (b10%). 3 -100s Ttil Inv 1H9% High. Low. Close. Bl 1N 18w 2% 29% 20% 62 58'% ntinent Pet n. t Super (f1).. Superp (A).. vte. til Asso is Nat Gas 20). StUL (1%) = RSB A S~ BRSNS AT —a - Pistpf (7). Mount Prod (1.60). Nat American Co. . Nat Fam St Nat Investors. .. Nat Pow & Lt pf (6).150 Tm Sec 50c 3 at Transit (1) Osc) (62 ehi Corp (1.30). wherry (JJ) 1 wmont Min (£4).. mburg (2%4). ud Pow (40c) ud Pow A w.. Aviat A war.. 1 Agene 2. 1pf . Oilstocks Litd A 50c Okla Gas & El pf (7). E (st pf (1%) Fac Pub Sv (1.30) Pandem O1l. Pantepec Oil tCab (b8%).. 2 JOrp WAT. ... Philip Morris Inc. Pitney B P n (20¢).. LE (110) Plymouth Oil (2). t Mfg (1) % Premier Gold (24¢) Prince & Whit (25¢). Prince & Whit pf (3) Pub Util Hold w w Pure Oil pf (6). Rainbow Lum PrA., Rainbow Lum Pr B.. 12 108 12 24 n Co. . 1 5 1 s Paper (1 Salt Creek Prod (2) Saxet Co Seaboard Seg Lock & H (50c) Selected Industries. . Sel Indus ctfs Shattuck De Shenandoah Ci Shenandoah Cp (a3). 4 Silica Gel ctfs So Cal Ed pf C (1%). 1% 8) ry Products., Oil (40 Swift & Conew (2).+ ‘Technicolor Inc. . Teck Hughes (60¢) . dil&Land (14), Tran Con Alr Tran... Trans Lux DL PS. ., Tri-Cont Corp (war), Tri Utilities ($1.20) . ol L pt (3).. Union Tobacco. Utd Corp (war). Utd Found b2-3 s Co (new) Utd Gas (war).i. Utd Gas pf (7).... Utd Lt & Pow A (1) sy 4 Utd Milk Products. .. Utd Public Service. . Utd Shoe Mch (13%) U S Elec Pow Ww..4. U 8 Gypsum (1.60). U S & Int Secur. es pf (1)... U S & Overseas war. Utd Verde Ext (2). Ul Pow & Lt (al) & Ind. U1l & Ind pf ( Equities Vacuum Oil (4) Venezuela Petrol. .., Vic Finan Cor (40c). en Co en Co Pump. ‘Wenden Copper. w Cafetel % Zonite Products (1).. RIGHTS. Ins Coof N A..Oct1 Insull Util Expire. dolla: than 100 shares. 1Partly extrs. iPlus atie 3 ot 4iock. "B Favasta i stock: in Wtock. Elus 3% n stock. & ‘stock. m Plus % in stock. B Plis 8% in stocl LITIGATION OF YEAST COMPANIES IS SETTLED Spectal Dispatch to The Star. NEW YORK, September 2—The ex- tended litigation between Standard Brands, Incorporated, successor to the Fleischmann Co. and the Federation Yeast Corporation, New York, for al- leged infringement by the Federal Co. of patents covering improvements in yeast manufacturing processes, has been finally settled, according to a statement issued by Joseph Wilshire, presi- dent, Standard Brands, Inc. “In 1923 the Fleischmann Co. brought suit against the Federal Yeast Corpora- tion for infringement of a patent cov- ering a process for the manufacture of yeast,” said Mr, Wilshire, “The case was tried before United States District Judge Morris A. Soper in Baltimore, Md., who held the patent valid and in- fringed. “The Federal Yeast Co. then took an appeal from the dicision of the District urt and in June, 1926, the United States Circuit Court of Appeals, Fourth Circult, then sitting in Richmond, Va., sustained the lower court and likewise held the patent valid and infringed. mine the damages sustained by the Flelschmann Co. by reason of such in- fringement, and that company Was awarded & sum in damages equal to 22 cents per pound on yeast manufactured and sold by the Federal Yeast Corpora- tion during the period between March, 1923, and July, 1926. “In the meantime the Federal Yeast Corporation changed its process to avold fui infringement, which resulted in the bringing of a second sult by the Fleischmann Co. for infringement of certain other of its patents not involved in the first suit, an this year, held these other patents val and infringed. 4 “Thereupon the Federal Yeast Cor- poration opened negotiations for settle- ment of all litigation. These negotia tions were finally terminated to the sat: isfaction of both companies. The settle- ment provides for permanent injunc- tions against future infringements by the Federal Yeast Corporation and for the payment of a substantial sum in ‘Standard Inc., is the owner of Pabent ‘on processes of yeast. “The case was then referred to a3 special master for accounting to deter- 3 PRIGES FOR FARM PRODUCTS STEADY Little Change Noted in U. S. Survey for Last Week of August. For a month of active price shifting, | the last week of August was compara- tively steady, says the United States Department of Agriculture, Bureau of Agricultural Economics, Market News Service. Grain, feeds, hay and cotton showed little further net change in price. Fruits and vegetables have not responded well to drought shortage, ow- ing to poor demand and heavy West- ern shipments. Some lines showed price declines in late August. Dairy products were unsettled. Eggs continued to_ad- vance under moderate supplies. Beef cattle and hogs held part of the pre- vious rise, although lamb markets de- clined and veal calves sold lower. Advances of 5 to 10 cents per 100 pounds were r:gl:wr,ed on prices of po- tatoes during last few days of Au- gust in numerous markets and shipping points. Eastern stock showed little change at $2.75 to $4 per barrel. East- ern Shore of Maryland and Delaware cantaloupes in large crates sold mostly at $1 to $1.75. Lettuce prices declined again, partly because of such large quantities of inferior stock. Sweet po- ta from the Eastern Shore and from Alabama and Georgia sold generally within a range of $1.25 to $2.25 per bushel, while Mississippi and Tennessee Nancy Halls ruled $2.25 to $2.60. Other Farm Prices. In spite of the light market supplies peach prices have not responded up- ward as might have been expected. Onicn prices are declining as the move- ment increases. Massachusetts yellows are down to $1.25 to $1.30 at Tonnecti- cut Valley sh!p’pln' points. Eggs were in lighter supply, and prices gained about one cent more, making the month’s advance about four cents. Demand for mixed colors was not es- lally active, but was very good on th browns and whites. Receipts of dressed g‘oultry at leading markets con- tinue light both in comparison with the same period a week ago and a year ago. There was little chlnifi in Rflm. In the cheese market the firm tone and the close clearance of stocks of the previous week were lacking, and buying was only moderate in volume. Inespite of the gradually decreasing stocks of butter in cold l'ffll! and the light pro- duction, the butter market did not ex- hibit a great deal of strength near Sep- tember 1. Operators apparently took into consideration the fact that a year ago we had considerably more butter than the trade could readily absorb. The buying power of the public is also a factor in curbing price advances. Many dealers feel that the price to the consumer must kept low enough to encourage the liberal use of butter. Rainfall since the middle of August, while not heavy and not.covering all sections of the producing area, has been sufficient to cause a rejuvenation in pas- tures over a considerable portion of the roducing territory. The cooler weather EM lessened the demand for fluid milk and cream, were shipping sweet cream a few weeks ago are now churning butter. Grain markets held generally steady during the last week of August. The movement of a?nnx wheat is nearing its peak, but mill demand has continu of god volume, and prices are prac- tically unchanged compared with & week ago. An important factor in the domestic situation is the prospective short corn crop. Considerable quanti- ties of wheat have already been fed and many factories who and present prices of corn and wheat favor increased feeding of wheat. Con- tinued export takings, in some volume, probably will be necessary to reduce the aurrl\u ‘wheat stocks to more nearly nor- mal amounts. Mill Feed Prices. Prices of most mill feeds declined 50 cents to $1 per ton in_the principal distributing markets. Manufacturers were not pressing sales, but were placing a large part of their output on previous orders. Current offerings were easily equal to the reduced demand and an easier tone prevailed in the market for most. feeds. Inquiry continued active from the drought area for Timothy hay, clover and alfalfa. Prairle hay, how- ever, held unchanged despite this pref- erence for tame hay in the Central and Eastern parts of the country. A sharp advance in the dressed beef market, reflecting higher hoof costs, to- gether with a continuation of recent comparatively light marketings of strictly good and choice grain-fed steers and yearlings, permitted further price upturns at Chicago. Vealers sold about $1 lower near the end of the manth. Most, grain-fed steers reaching Chicago sold to $10.50, upward. ‘The general hog market was showing an unmistakable downward slant, al- though final prices for the month Chicago on butchers weighing upward of 160 pounds were fairly steady com- pared with the close of the week pre- Lighter weights finished on weak to unevenly lower basis, with most pigs selling 25 to 50 cents under the preceding week's close. ‘The lower grades of slaughter lambs closed $1 or more lower at Chicago, with feeding lambs and - sheep down about 25 cents. While the ! was generally quiet near September 1, with mills not buying in large quan- tities, there was no lack of interest and sample lots were taken in a wide variety of lines. The finer grades attracted most attention, but practically all grades were included in recent purchases of small quantities for plecing out and sampling. Exchange in New Quarters. CHICAGO, September 2 (#).—Clar- ence G. Troup, president of the Chicago Curb Exchange, today formally opened South La Salle street. ‘Troup reviewed its beginning a little more than & year ago, with a tradi volume of only 596,000 si first six months, its sales of 6,643,201 shares in the first half of 1929 and a volume running 250 per cent larger thus far this year. “The volume of business,” he said, “is increasing at a rate which will make us the fourth largest exchange in the country before the end of another year.” TREASURY C‘EB.TIHCATH. (Reported by J. & W. Seligman & Co.) Rate—Maturity. 3hs . 15, 1930 3ias . 1930 une 15, 19; s 5.: 15, es in its SHORT-TERM SECURITIES, (Revorted by J. & W. Selisman & Co.) Allis-Chalmers Co. 5¢ merican Tel. & Tel. American Thread 5' Baltimore & Ohio 4! Batavian Pet. C¢ Bell Tel of Can Cr litornia Pet. Sihamrain bet 588858z 0 s 3333 FESE [0 ey | December, 88% to 8875 o 89 market | At th. new quarters of the market, at 332 | Dy: N | Granger ads bt of Am . ‘Assoc . 0’ i Setors Trusi i 5 ot Y ki Curtis Sec Corp »f.. I ’|’I‘l e stry. M ares Corp. Mohank Thvest tual Mang o Oif' Shares the Unitaroe: o 3 Petroleum Trad A.. 25 Bower & Ruil ‘ryuates B 3 BeCUr Sorn Gen wire $ — a BALTIMORE STOCKS. s 00° 5 {4 ed Gas_com 1 30 ity & posit C Ve 5 R 100 s Gi % been GRAIN MARKET CHICAGO, September 2 (Special) — Wheat closed near the bottom for the, day under liquidation and stop-loss sell- ing by early buyers. A further increase in the visible supply of over 5,000,000 bushels, bringing the total to more than 187,000,000 bushels, was a discouraging factor to the bulls. Last prices were 2 to 21 lower. September, 83% to 83%; March, 93 to 93'4; May, 96 to 96'4. Corn closed 33 to 115 lower. Septem- ber, 977, to 98; Decemper 933 to 93'2; March, 95% ; May, 96 to 96%. Oats were 1 to 1!y lower. September, 39'2; December, 43 to 43%; March, 4515, May, 4615, Lard was 5 1o 15 higher and bellies 1712 lower. . SILVER QUOTATIONS. NEW_YORK, September 2 (#).—Bar Stilver, 353. CHICAGO STOCK MARKET By the Associated Press. CHICAGO, September 2.—Following is the complete official list of trans- actions in stocks on the Chicago Stock Exchange today: Sales. STOCKS. . Low. Close 5 AR 1o, 10 30Am Com Pow 75 b 9i's foAm Bub' ser' o i Investors.. . . 200 Chic_Investors 'pi 3 30 Ci Sh & Mil RR Pl 13800 Cities Service . : 1200 Midland Ulnll!d?' b ;3?: 250 Midland Unii pf idland d Ul $§8355s588e8: 250, = 28 I=] INVESTMENT TRUSTS NEW YORK, September 2 (#).— Over-the-counter market: A 3 = 4 B Am & Gen gecur B Am & Gen Becur 6 Amer Brit & Cont 6% D! A te Tr Bid. Asked. 18 Amer Founders 67 Amer Founders 6% 2nd ‘Amer Founders 7% Amer Founders 1-7 inders con ock: Am O atoom Ailb i ot ci ARsog Bebnd B SRt Atl Sec pf.. Sec_war. Pac_ Int Units. a & .:::-s...:r.:rpsmz.mn«r 0. & & Foster I ed Bank Share Ser. Share Ber 1 558L88E 288n0all Wl VRS : S5ta! L EE jus nvest wWw jude Winmill Trad ncorporated Investors. Int Becur Corp Am A Int Secur Corp Am B Int Secur Coi Special Dispatch to The Star. BALTIMORE, September 2.— Sales, K Last 268 Aruna 2 Black ] & | the week ended August 23 increased 3.9 “ | week increased to 2,030 hogsheads, Fl SOUTHERN UTILITIES FIRM IN EXPANSION By the Associated Press. ATLANTA, September 2.—Official an- nouncement was made yesterday of the purchase of one-half interest in the Georgia Natural Gas Corporation by the Southern Cities Public Service Co., the Southern subsidiary of the Central Pub= lic_Service System. The Georgia Natural Gas Corporatiof owns systems at Carrolton, Cedartown and Newman and has contracted for systems at Milledgeville, Rockmart and Forsyth. ‘The Georgia utilities of the Natural Gas Corporation will be operated in conjunction with the properties of the Central Public Service System, which now owns and operates gas utilities at Atlanta, Rome, Athens, Augusta, Ma- con, Waycross, Griffin, Valdosta and Brunswick. The Central Public System is affiliated with the Southern Natural Gas Corpor- ation, which owns a gas transmission line from the Monroe, La.. flelds. ‘The Southern Cities Public Service Co. will assume the management of the rgia Natural Corporation. NEW YORK COTTON NEW YORK, September 2.—The cot- ton market showed a generally steady tone during the greater part of today’s trading, but recoveries from an early decline seemed to attract a little more southern and local selling. After selling up from 11.1§ to 1142 for the new December contracts, or about 10 points higher on reports of continued slow marketing in the South, uncertainty as to the course of a trop- jcal disturbance reported south of Porto Rico and rather smaller private crop figures, prices eased off under re- alizing. The mid-afternoon market was lqmet and about 6 to 10 points net lower. ANCI COAL PRODUCTION. By the Associated Press. Production of bituminous coal during per cent over the previous week. ing production statistics: Week ended Aug. 23 8,492,000 net tons Previous week 8,171,000 net tons Same weel: last year. 10,104,000 net tons MARYLAND TOBACCO PRICES. BALTIMORE, September 2 (Special). —=Sales of Maryland leaf tobacco last which, with receipts of 1,452 hogsheads, left a stock in State tobacco warehouses of 6,803 hogsheads. Under an active demand for all @rades, prices firmed up, especially for all cigarette grades of leaf as well as seconds. Crop prospects are still far from en- 3 ‘w l‘few mttered] llfil_t a few' crops, early ing cut. Drought still con- d 1 tobacco per 100 pounds: Inferior, 6.00a 10.00; sound commeon, 10.00a15.00; good 16.00a24.00; medium, 25.00a to fine, red, 25.00a50.00; 50.00a51.00. 'Seconds—Common to common, 10.00a22.00; medium, 23.00232.00; good to fine, 33.00a34.50; ground leaves, nominal; upper country burley, 7.00240.00. In China and some other Eastern Bureau of Mines announced the follow-| AL. DAILY OIL OUTPUT DECLINE IS SHOWN Trade Journal Reports De- crease of 2,245 Barrels During the Week. *%% A—1S By the Associated Press. TULSA, Okla, September 2.—The Oil and Gas Journal reported a decline of 2245 barrels in the daily average production of ofl in~the United States for the week ended August 30. The production was estimated at 2,473,152 barrels, compared with a daily average for the preceding week of 2,475,397 barrels. Scattered decreases in heavy ofl pro- duction accounted for the drop, the output of light gravity oil increasing 1,417 barrels. in Oklahoma, due to a 122D in homa City fleld’s yield, the Midcont nent area showed a gain of 5.011 barrels. The area’s production, including both light and heavy oil, was totaled at 1,330,868 barrels. The Oklahoma output was 573,555 barrels. West Texas pro- duction was placed at 281,519 barrels, & drop of 2,659; North Central Texas production at 123,686 barrels, a decline of 1,517; Texas Panhandle production at 101,391 barrels, an increase of 2,390: East Central Texas. production at 39, 562 barrels, a decline of 653, and Kane sas production at 115,310 barrels, an in- crease of 930 barrels. Eastern production was unchanged at 120,000 barrels and the output of the Rocky Mountain area registered only a slight shift at 115,449 barrels, an increase of 46 barrels . California light oil produstion was off 3,750 barrels at 515,000 barrels, while that State’s heavy ofl output was 88,000 barrels, an increase of 2,001 Prompt Action B. F. SAUL CO. 925 15th St. Nat'l 2100 countries the date is known as “Persian candy.” bed 1321 Connecticut Ave. Richmond 1510 H Street BySaving 82centsaday. ‘Coupon brings full information. e e e e e e e First Mortgage Loans On improved Real Estate in the District of Columbia and nearby Maryland and Virginia for 3, 5 or 10 year terms on your o= DY Apply RANpALL H. HAGNER & COMPANY - MORTGAGE LOAN NEW YORK LIFE INSURANCE COMPANY Decatur 3600 G.M.-P. MURPHY & CO. New York WASHINGTON Philadelphia London New York Stock Exchange Washington Stock Exchange Richmond Stock Exchange New York Produce Exchange New York Curb Exchange ' Copy of our “Fortniohtly Review” on Request Connecticut provide for is like the player who comes to bat when the bases are full. Destinies depend onhim. Let us tell you about the Investors Syndicate Plan which has helped many a family man drive out the hit that brought his loved ones to security and independence. Compound in- terest works the magicl Send the coupon NOW. THE man who has a family to Resources Over $35,000,000 INVESTORS SYNDICATE FOUNDED 1894 BARR BUILDING, WASHINGTON, D, G Telephone Metropolitan 1879 Offices in 51 principal cities