Evening Star Newspaper, September 8, 1930, Page 15

CURB ISSUES GAIN ] "IN BRISK DEMAND “Utilities Lead in Upturn, Diamond Match-is Feature. BY JOHN A. CRONE. Bpecial Dispatch to The Star. NEW YORK, September 8.—Opening | #trong as a result of the ability of lead- ing shares to push through their highs df July in Saturday’s session, the Curb “Exchange today steadily advanced. +Trading was more active than it has been at any time since July 15 last. %" Public utilities gave the shorts some Juncomfortable moments as they led the | «upswing. Electric Bond & Share rose amore than a point, and was followed by & wide list of power and light issues, +dncluding Consolidated Gas. of Baltimore, which rushed to & new peak for the year. Cities Service was firm, while the motor shares turned active. The new Diamond Match issues, which resulted from recapitalization plans providing for- s 9-for-1 split-up of outstanding tommon shares, proved the individual feature of forenoon trad- n;f. Each present common share re- celves four new no par common and five shares of 6 per cent cumulative partici- pating preferred of $25 par. e new common opened at 27% and the pref- erred at 2415, Other new issues admitted to curb trading today included American Pro- ducts Co. and Illinois Oil Co. Ford Motor of Canada “A,” in point | of appreciation, and Ford Motors Ltd., in point of volume, led the motor list. The latter’s English plants are being equipped to turn out more motors than the entire present output of that coun- stry, so & price war there seems in- ~evitable. Earnings of Ford, Ltd., ustify ‘l.' higher dividend rate, some traders X The beiterment in demand for the “Ford shares attracted attention to the “motor list and benefitted Cord, Isotta Fraschini and Durant. American Austin for a timeé met liquidation of the same character that caused its deciine Saturday. .\ Natural Gas shares became promi- ment early on reports of new wells or expansions. Duquesne Gas, for in- _ stance, brought in a major new well, “ bringing its total to 158. Memphis Natural Gas added extensions to some . of its compressor stations and similar . developments were announced by sev- eral other concerns. Mead-Johnson responded to its extra dividend declaration of 50 cents, which th an extra of 25 cents Markets at a Glance | _NEW YORK, September 8 (P). — ‘Stock irregular: Auburn Auto soars on | squeeze of shorts. firm; n- et smumerous es show s 4 lar; sterling strong. é:fmawm; mem— ~ment . Sugar g o ~ Coffee higher; trade buying. CHICAGO, September 8 (P).—Wheat ; increased visible supply and larg- Corn easy; larg- Cattle steady. POTATO MARKET. . CHICAGO, ber 8 () (U. S. P agricultare] (< Fota: ck, 269 sack ;- sacked early Ohios, 2.20a2.25. SILVER QUOTATIONS. NEW YORK, September 8 (#).—Bar | silver, 36%. ° & —— INVESTMENT TRUSTS NEW YORK, September 8 (#).— Over-the-counter market: NMP‘A..II stocks are “‘n.l:’ ':n one ludu(‘l-.-.?u(e m)o ~Prev. 1930.~ exc ing 0se designal letter s 2508 m‘:h-mw-umnun-uu-um-m Sales— Add 00. Open. High. Low: Close. 38 117 2 4 Air Investors vte Allegheny Gas. Amer Austin Car. ... Am Bakeries (A) (3) AmCP&LB (10%). 4« Am Com P A (b10%) Am Cynam B (1.60). Am Dept Stores. ... Am Equities. ... Am For Pow (war).. AmGas&EIl (31)... Am Gas & E1 pf (6).. Am Invest Inc (B).. % Am Lt & Trac (2%). Am Maricabo. . Am Natural Gas. Am Superpow (1)... Am Superpwr 1st(6) Am U &G B vte 40c. Am Yvette new wi.., Anchor P F (b10%). Appalachian Gas. ... Arcturus Rad Tube i Arkansas Nat Ga: Ark Nat Gas (A). Aszo Elec Ind (30c). Assc GRE A (a12.40) Ass0 G&E (A) dbrts Ass0 G & El ctfs (8).100: % Asso Rayon 5 Asso Rayon pf (6).. Atlas Util Corp. . Atlas Utilities war. Auto Mus Inst (A).. Auto Vot M ev pf pt. Aviation Cor of Am. . Bahia Corp e Bell Tel of Can (8).. Blue Ridge Cp (40¢). Blue Ridge cv pfas.. Brazil Tr & Lt (h2).. Buff N&EP pf (1.60). % Butler Bros (30c) Cable Radio T vic Cable & Wire B rets Canada Marconi. Carnation Co (313 Carnegie Metals. ... Carrier Eng nv A (1) Cent Pub Sve A al.76 Cent St El (k40c) Centrifug Pipe (6 Chain Store Devel. Chat Ph Al nv (50¢) Chetn Nat Assonv. Chicago Corp (Th Cities Serv (g30c Cities Serv pf (§) Com Wat 8v ( Comstock Tunnel Consol Auto Merc! 1 Copper. 1 Dairy Pr as Balt (3.60 Cans Gas Util A 2.2 Cont Chicago Corp. . Cooper Bessemer (2) Cord Corp Crocker Wheeler. Cr Cork Int A (1) Crown Cork pf( Cuban Cane pr opt w. Cusi Mex Mining. Davenport Hos (2). Dayton Alr & Eng. Deere & Co (m1.20) De Forest Radio. ... Derby Oil Refining. . Derby Oil & Ref pf.. Detroit Aircraft. ..\ Diamond Match new. Diamond Mat pf (n). Doehler Die Casting Douglas Air (75¢) Driver Harris new., DresSS R (A) 3%). Duquesne Gas Cp wi. Durant Motor! East St Pow B (1) East Util Inv (A)s.s Eisler Elee (1% £l Bond & Sh (b6) £1 Bond & Sh pf (6). El Bond & Sh cu pt 5. Elec Pow A8so (1)... Elec Pow Asso A (1) El Pow & Lt op war., 4 Elec Sharehjold (11). Empire Corboration. Emp G&F cu pf (7)., Emp P Ser A (a1.80) Employ Reins (1%). Engineers Gold. . ... Europ E Ltd A (60c) Europ Elec deb rts. . Evans Wallow Lead. Fabrics Finishing. Fokker Alrcraft. Ford Mot Can A 1% Ford Mot Ltd 37%¢. Fox Theater Cl (A).. Gen Alloys (80c). General Baking Gen Baking pf (3)... Gen El Ger rets 1.92. Gen E Ltd ret (50¢). Gen Firepr (12%)... Gen G&E cv pf B (6) Gen Laundry Mach Gilbert (AC) (1 Globe Underwrite: Golden Cent Goldman Sach T C Gold Seal Elec new. . Gorham Inc pf (3).. GrA&PTn-v(5).. “« GrA&PTDL(7)... Guardian Invest.... Guif Oil of Pa (1%). @ - o - PP (IS FNVIRTE TR0 J-J90 0 2 o =N & EY S 6% 6% 6% 203 203 208 - AR e ST R B & »s 8 2aal =i AN R NN ANID R DR NAN A 85% 108% 1 Y% 96% - - THE EVENING STAR, WASHINGTO NEW YORK CURB MARKET Stock and Sales— vidend Rate. | Add 00. Open. High. Low. Close. sInd war).... 16 12% 12% 11% 11% 341 Lone Star Gasn (1), 39% 39 39% Long Island L (50¢). 4% 4%y Louisiana Lan & Ex. X TR MacMarr Stores (1). 14% 14% & &8 High. Low. y. 20% 3% Loe e AL 4% 4% K| uem 13 Received by Private Wire Direct to The Star Office u 4K 1 % Magdalena Synd. ... 5% 54 5% Marion Steam Shov. A Y 15% 15% 20% 20% 21% 20% 4 4 18% 13% 50% 49 49 133 131 131 108% 108% 108% 8% 8% 8% 621 62 62 % 2 2 1% 11% 11% 24% 23% 24 101 101 101 9% 8% 6% Mass Util Asso. 7 Mavis Bottling. 1% Mead Johnson 13.75. 86% Memphis Nat Gas. .. 3 15% Met & Min Inc (1.20) 1% Met Chain Stores.... 8 8 Mexico Ohio Oil. 2% Mid St Pet vte A Mid St Pet vte B. Mid WSt Ut (1%)... Mid West Ut (b8%). Midld Nat Gas A 1.2 Mo Kan P L (b10%). Mo KanPL vte..... Mount Prod (1.60) Nat American Co. 2 Nat Aviation. 9 8% 48% 48% 48% B 4% 4% 153% 153% 153% 8 7% TH 39% 39% 39% | 36% 35% 36 26% 26% 26% 9 9% 9% 3% R 3% | T A% 4 4| 3% 81 B | 7 T | 85 35 85 271 26% 274 24% 23% 24 % 8 8% 5 5 5 19 18% 19 27 26% 26% 12 12 12 29% 29% 29% 9k 9% 9 57% 57 5% 14% 14% 14 3% 3% 3% 18W 12% 13% k) ] L) 3% Yo Y 3% 3 3% 13 13 13 125 114% 114% 22 22 22 13 13 13 38 36% 36% | Nat Fuel Gas (1 Nat Investors...... Natl § T Sec A f50c. Nat Union Radio. ... Neet Inc cv A (1.60). New Brad Oil (50c). . w Eng Pow pf (6). 208 wEng T&T (8).. 508 Newmont Min (f4).. 4 T 1 . 508 N Y Tel pf (634).... Niag-Hud Pow (40¢) 4 Niag-Hud Pow A w. . es-Bem-P (12%). issing (30¢)..... Noma El Corp (80¢c). Noranda Mines (2).. Nor St Pow pf (7). .+ Novadel Agene 123, Ohio Copper........ Pac G&E 1st pf (1%) Fac Pub Sv (1.30)... Pac Western Ofl Pandem Oil. Pantepec Oil Paramount Cab Mg, Pennroad Corp (20c) Penn P & Lt pf (7)., Penn Salt (5). Penn Wat & Pow Peop L& P A a2.40 Petrol Corp w: 1% Philippe (L) A 11. 6% Ple Bak of Am A (2) Pierce Gov (1%) Prince & Whit p: Prudential Inves: *Pub Util Hold w Pub Ut Hold (war). Puget 8@ P&L pf(5) Pure Oil pf (6).. . Radio Products (2).. Rainbow Lum PraA.. 8% 8 8 Rainbow Lum Pr B.. 18% 18% 10% 10% 36% 36% % % 5 5 1% 1% & 12% 12% | 4 4% 80 . 80% | 27% 27% K el % T 83% 83% 08% 1 963 26 26% 22% 28% Raymond Con pf (3). Reliance Int (A) Rich Rad cum pf.... Rike Kumbler (2.20). Rock Lt & P (30c). .. Royal Cor pf (1.20).., Russek’'s 5th Av 1.60. Safety Car H&L (8). % St Anthony Gold..., St Regis Paper (1).. * Sait Creek Con (40¢) SaxetCo.vcvvvennns. Schulte Un 5c-31 St.. Seaboard Utll (50c). % Selected Industries. . Sel Ind all ctfs(4%). “Select Ind pr (5% )., Sentry Safety Cont. . Shenandoah Corp. ... Shenandoah Cp (a3). Sing Mfg Ltd (23¢).. Sisto Finance Corp. . Smith (A 0) (2)..# 1404 Southland Roy (1) S W Gas Utilities. ... 1 Spanish & Gen Reg.. 1 Stand Inv pf (53%s). 508 Standard Motor#. ... 176 Stand Ol Ind (2%).. 44 Stand Oil Ky, (11.80) 2 08% Stand O Neb (13%).. 1 9614 8td Pub Svc A(b8%) 4 Stand Silver Lead..., 1 Starrett Corp....... 50% Starrett Corp pt (3). 50% 19% ‘19% Strauss Roth....... Sunray Oil (40¢).... Y Swift & Conew (2). 16% Tampa Electric ($2). Technicolor Inc. ..., Tenn EI P 1st pt (7). Texon Oil&Land (14) Thermoid Co pf (7). Todd Shipyard (4).. Tran Con Air Tran. . Trans Lux DLE S.. Tri-Cont Corp (war) 4 18 Triplex Safety Glass 291 Tri Utlities (31.20). 211 Tri Utilities pf (3).. 10 Tubize Chatel (B)... 12% 2% 34% Twin St NG A pt (1), Ungerleider F Corp. . Un N G of Can 11.60 3% 300t Utd Corp (war) 113 4 Utd Dry Docks 205 | Utd Found b2- i Utd Gas Co (new) 3% 15 10% E oy U 8 Dairy (A) (6) i U 8 Elec Pow ww 35 35 215 211 215 118% 118% 1183 | 2% 2% 2% 119% 119 119 U S Finishing. GRAIN TRADE TURNS 10 BULLISH VIEW! | 28a30; medium, 24a25; small, 25a26; Short Sellers P2come Buyers! as Demand Deve|op§ in Foreign Market. Special Dispatch to The Star. CHICAGO, September 8»—Grain traders virtually overnight experienced one of the most unexpected changes from depression to conservative bullish- ness ever known when the wheaf traders | woke up to the fact that Liverpool had failed to follow the downward course in Chicago on Friday at the end of a four- day break in wheat. It cal traders all over the country to tevise their ideas, as they were confronted factors most important to producers, consumers, railroads and business interests. A supply and demand situation now’ stands out in the way that was not expected. buyers, who covered their commitments and took the constructive side of the market. This position, it is said, should it continue for a few days, is likely to bring about considerably higher prices. Extent of Advance. In three days wheat has advanced around 5 to 6 cents. A revolution in Argentina, with the reports that the grain exchanges there had been closed, gave fresh impetus to the d situ- ation in the United States. versal is expected to be followed soon by a_movement of leading interests on the Chicago Board of Trade to remove all restrictions on trading as far as is possible. This may result in changes by the Grain Futures Administration that will modify or eventually remove the rules on reporting of trades with virtual policing of operations by largest operators and other features that, it was said, have hampered speculative operations. Instead of having about 26 different grades and varieties of wheat deliver- able on future contracts here, it is said that the rules will eventually be changed, so that a buyer who wants hard Winter or red Winter or Spring wheat can get a.delivery of it. Re- moval or a change in the system of de- liveries of grain in cars on track at the end of the month is either to be done away with or restricted. The original purpose of the rule was to help out the country shipper and not permit private elevator operators to-take grain out of their houses on the last few days of the month and deliver it on track and :}tfl nthe same time control its destina- Conferences have been held with Board of Trade officials and Secretary of Agriculture Hyde and others who be~ lieve that the interests of all can be improved and that the grain trade can be brought back to the position it oc- cupied for years among the general public as the leading speculative com- modity. The situation af. present is more favorable for a revival than in any other year because of the closé aa- Justment of supplies to requirements, Feeding of Wheat. Feeding of wheat is astract MOr attention in all parts of thetu::‘mxn e' and whenever wheat is available in quantities the feeding demand is said to be increasing. Chicago wheat hane dlers are getting inquiries for feet wheat from all over the South an East. Kansas City reports shipping more wheat for feed than corn and that demand for wheat is exceeding that of % |corn, as prices of wheat there are 20 cents lower than of corn and wheat is 30 cents cheaper than barley. Through- out the Eastern States and all over the country wheat is cheaper than corn. Speculativé trading in wheat at Chi- cago for the eight months this year, as given by the Grain Fiure Administra- tiort, aggregated 9,163,515,000 bushels, compared with 10,183,385,000 last year. Trading was heaviest in the first few months, though exceeded in that period in 1929. Corn sales were 2,548,715,000 bushels, * compared with 3,60; bushels in the period last year: oats, 448,100,000, compared with 551,310,000, and rye, 416,893,000, against 333,357,000. Total sales of all grain this year aggre- gated 12,578,222,000 bushels, compared with 14,580,636,000 in 1929, a decrease of 13.7 per cent. ‘The week's aggregate trading does not make a favorable comparison be- cause of the Labor day holiday, the volume being materially under last year's. 'The open interest in wheat at the close on Friday was 147,058,000 bushels, compared with 142,373,000 & week before. Price Ranges. September wheat during the week ranged from 81 to 867; cents, touching the low point on Thursday and the high on _Saturday, with the close 85% cents. December was down to 86% cents and up to 93 cents, with the close at 907 to 90% cents. May wheat brm from $1.02%% to 93% cents, with finish at 97% to 97: cents. Winnipeg December wheat closed at 881, cents, a loss of 1% for the week and 2% under Chicago, while a year ago it was at a premium. Marketing of wheat at primary points since July 1 this year aggregated 203,- 241,000 bushels, against 207,870,000 for the same time last year. Primary receipts last week were 17, 937,000 bushels, previous week 13,038~ 000 and week last year 12,030,000 | 18a22; jamb, 23a25; fresh 'hams, 25; f It changed short sellers into | 3o 7.50; pears, 1.25a2.50. . This re- | 3.0 Washington Produce Butter—One-pound prints, tub, 427584315, Poultry, alive—Spring chickens, large, 44045; Leghorns, 23a24; fowls, large, 23a24; small and medium, 17a18; Leghorn fowls, 14a15; roosters, 13a14; ducks, 15. Home dressed—Spring chickens, large, 32a35; medium, 30a31; small, 28a30; f6wls, large, 26a28; small and medium, 24a25; Leghorn fowls, 18a20; 18220; ducks, 20a22; turkeys, 33a35. Meats, fresh killed—Beef, 19a20; veal, pork loins, 34; resh shoulders, 22; smoked hams. 28; smoked shoulders, 20; bacon, 28; lard, in bulk, 15; one- | pound packages, 16. Live stock—Calves, 6a10: lambs, 9. Fruits—Watermelons, oupes, Rocky Fords, Hurlocks, Eastern Shore of Maryland, large crates, 1.25a1.50; Persian melons, 1.50a2.50; honeydews, 1.25a2.00; balls, 3.00a4.00; oranges, lemons, 6.0026.50; limes, per apples, nearby, 75a1.50; box stock, 2.75a 3.00; 1.50a3.00; Hales, plums, .50: damsons. pony baskets, 1.25; grapes, Ribiers, 3.00; ‘Tokays, 2.50a2.75; Thompson, seedless, 25; figs, 4.50a5.00; grapefruit, 6.50a ‘Vegetables—Potatoes, 8.50; sweet po- tatoes, 5.00; tomatoes, two-peck baskets, 1.00a1.50; peas, 4.00a6.00; string beans, 2.00a2.75; lima beans, New Jersey, 5.00; Eastern Shore of Maryland, 3.00a3.50; | carrots, per 100 bunches, 4.00; cut off, per bushel basket, 1.25; corn, per dozen, 30a40; eggplant, 75al.¢ turnips, 1.50a 2.00; beets, per 100 bunches, cucumbers, 1.50a2.0 .00; squash, two-peck baskets, 75a1.00; kale, 1.50; spinach, 1.75a2.25. urrent receipts, 29a30; hen- nery, 32a33, ; cauliflower, 2.5 U. S. TREASURY BALANCE. ‘The United States Treasury balance announced today as of close of business September 5 was $73,125,335.44. Cus- toms receipts for the month, to date, were $5,183,103.07. Total ordinary ex- penditures, $10,093,659.26. MESTI( INDS. 56 1027 3 Alabama Pw 4’ 67 9813 14 Am Cmwlh Pw L R S 0 s cible Steel ahy A P ey CEFEE SSeggzensezalesy SFs FeeRSE BR oG ! 00! ade it S 5"“!\?&}:5‘, S ,4 SesuRssSeges at P jeisner Bros 1 6 National Tea 22 3 g3 oSl ol 55,4 5 i > mot 282 S GRAIN MARKET. CHICAGO, September 8 () —Scat- tered selling by commission houses and traders eased the wheat mar- ket down today to below Saturday’s close after a firm start. Considerable selling was by traders who chose to collect profits. Trade was not large and the market was easily influenced and nervous. The wheat visible sup- ply increased 3,583,000 bushels for the week and is now 191 000 bushels as comparefl with 184,408} bushels a year ago. Liverpool finished stronger, but this had only a transient effect on values here. The Grain Exchange at Buenos Aires was closed because of & holiday in Argentina. Corn appeared overbought after a firm start.induced by a sensational crop report by a Chicago crop expert which predicted a total 1930 yield- of only 1,750,000,000 bushels and the upturn was short-lived. Prices eased back to below Saturday’s finish. Wheat closed | approximately 1 cent off and corn showed & loss of around 32 cent a bushel. ‘Wheat closed nervous and unsettled, 1la-1}> cents met lower than Satur- day’s finish. Corn closed %-1%% cents | down, oats 15-7 cent off and provi- sions 10-23 cents lower. WHEAT — September .. December . March May . Coni Septembe December NEW YORK COTTON ! NEW YORK, Stpteniber 8 (Special). —Cotton prices declined about half a cefit today as a result of an extremely small change in the Government Sep- tember crop estimate when a substantial reduction was gcnernll{ expected. ‘Weight of contracts cal December to 10.90, or within a point of previous low levels of the season, while “July made a new low record of 11.51 before scale buying orders for the trade de- veloped resistance. A recovery of 10 points toward the close left the list about $2 a bale lower than Saturday. Spots were reduced 40 points to 11.15. Cotton range: ; Ofen. Hl{hA Low... Ok L1148 1183 10, 1127 1164 Ba8E53NaS o 1 0. 1 1 1. i i i corats SERREERE 38323233 Rail Stocks BY GEORGE T. HUGHES. (This is th ormation as may telligently to cnart Lis own course.) Union Pacific. Sometimes known as a railway ¢in- vestment trust because of its large hold- ings in the stock of other carriers, Union Pacific commands an investment |\ rating for all of its securities, bonds, preferred stock and common stock. Ac- cording to the balance sheet as of De- cember 31 last security holdings hai book value of over: $200,000,000, X pital stock of New York Central, over $6,000,000 in Baltimore & Ohio common and over $1,800,000 in Baltimore & Ohio prefer- red, over $4,400,000 in & Northwestern common and $1,845,f of St. Paul preferred, besides a large block of St. Paul adjustment 5 per cent bonds and of the St. Paul mortgage M.m he to holdings in stocks of other railroads, but there has ny official couintenance given to this idea, nor is there lnk:ood reason to believe such a plan ever been sel ly con- sidered by the directors, The income from these investments is estimated as $4.86 a share on Union Pacific common, or almost one-half thepresent $10 an- nual dividend. ¢ all sources _Last year earnings from were equivalent to $20.37 a share. This | year at the present rate net should run ‘around $17 & share, more or less de- pending on traffic - conditions, which cannot be accurately forecast now. In any event the $10 dividend is_entirely secure, a fact which is reflecte® in the rice of above $200 a share, making in ent return consider- ably less than 5 per cent. nion Pacifico’ has & preferred issue which meets the investment reauire- ments of the most conservative. has sold this year at a price to yield only 4.60 per cent, which is lower than the return to be had on a good many grade bonds. Union Pacific’s bonds themselves are investments of the high- est type. CHICAGO DAIRY MARKET. . —Poultry, e o Y ricks: stendy: fowis ; springs, 24; broilers, 21 roosters, market CHICAGO STOCK MARKET B the Associated Press. CHICAGO, September 8.—Following is the complete official list of transac- tions in stocks on the Stock Exchange today: les. 8 S Acme Steel Dk TR W ] & F 29! FEFE Lol o FREE FICFATF SOF EESTTEE 8 22RNSN 2 i SETEREE T TR 1Y 81,253 = B 22.85 = SOEmp G & F 50 Fabrics Finis 1430 P28 mmons. Fodte a Lakes Aircraft, 300 Gt Takes Dreds T P i SRR B RN mel & Co. 500 Houdaille-Her 2150 Houdaille-Her 100 Il Brick . 1100 Inland Ut} 6500 Insull Ut 24100 Pt 1750 Iron Fireman. 50 Invest Co of "Aj 00 SaaBBel 5388525880558 008 FRRESS 5 FE ot s e EESas R =3 SRS . BERE 8! W w dwa FS o2 EEe v £33 orey it EEEEE T 2EB.LE,. o BonalaRLals. 1000 Process Corp 10 Public_Serv Berv_6 BuSE & Bl SR SE §FOF sange Sy 350 Zenith Radio. & Btock ‘sales today, 221,00 shares. BONDS. I3 M0 ... 103% 1023 103 lfllwn ‘"'n"‘c:nfi'l‘l &880 98id “aps ome orthw: : 1000 Switt & Co 102% 102t 103% Bonasales toda, 341 e CHECK TOTAL DROPS. By the Associated Press. . Checks drawn on individual ac- counts in principal money markets of the United States dropped slightly last week below the figure for the previous week. The following were an= nounced by the Federal Board: | Week ended September 3, $9,777,147,000; | previous week, $9,788,634,000; week last year, $15,973,007,000. same ~New Chrysler Division. { NEW YORK, September 8 (#).—The Chrysler Corporation has formed a new division, the/ Amplex Manufacturing Co., to handle the sale of non-automo- tive products. - o Two million dollars is to be spent in 2315 14; turkeys, 15a18; young and old ducks, 15a18; small, 14; young geese, 15. Ih:g;ovunenu for London ‘University, on. 0 Z Happiness Candy 1% 1% 1y R Hecla Mining (1) 9% 104 | - eyden Chem (2) 15 15 | !Illgt’hng.a‘lfl Houston Oil of Te: . J ‘s l;% 17% | Y A B LA o ; "‘ CHEMICALS ARE USED 41 ey e e ) Lop Uiy B : %| TO PRESERVE LUMBER Hygrade Food Prod. 10 Vi i1 .. . E Ind Fin otfs (b10%). 200 | & - Ind Ter 11lu Oil (A) . 0| Vie Finan Cor (406). Insull UM Inv 1h9 % 57% 57% | Waltt & Bond A 2).. half of the annual loss of millions of Insurance Sec (1.40) 13 Wat W) e dollars caused by insects and decay of ce S = 3 3% atson v 0. re Interconst Trade (1) i Wastorn Mo nt. wood used in home building and other Intercont Pow A (2). 9 sible by the Commerce Department 10w i e through the use of chemically preserved te Equities. . | Insect attack and decay are held by oy AT Shute (1) 12 | o gl g the Commerce Department to be the Knott Corp (a2.40).. 2 % 2 24| Dividend rates in doliars based on last quarterly or semi. | PLCyeniable by preservative treatment Lack | anusi payment. of lumber. awanna Sec (3). 384 38| VWil of rading less than 100 snares iParly extra iPius r \ras announoad b 4 the National Comm! on & T D 5s Adjustment dividend { Pl 5% I tock Ply . Liverty Dalss Frod ¢ | R BRI stock 1 Plua 3% n stock. '& lus 0% ‘o stock. o Bias | Zation of the Commerce Department, , 552588 ok 25 Putting the Shaft - Before the Elevator ITHIN a round elevator shaft, a square elevator moves sedately up and down in the famous old building of Cooper Union, engineering and - art school of New York city. In 1859 Peter Cooper, inventor and philan- thropist, built this structure—and years before the invention of the elevator, he foresaw it coming and left a shaft for it .« « round, for he believed the yet-to-be- bfiflt elevator would require a round shaft. bushels. ~ Shipments, respectively, were 10,981,000, 6,984,000 &) dfl.Ml,OOO}gulheu. &: = 235! 34 e u§===n——w==—uqlmu o af';ogifi 2 rs00gS g oo RO o P ast, a8, 2, are = g | 3 -y &i 8 H 2 223222 SRy Ty SRsfzz orn®a o 2 38523753 EE 525 et e D! £, 5 & aw Wpe A NG effield St1 5is 65 A 53 u er posited Bank Share Ser’ posited Bank Share Ser versified Trustee Shares r: st Shares Tustee Shares ES % InsCoN Am (13)... 62% Walker (H) (1).. Intercontinent Pet n % | Wil-Low Cafeteria. . 1, | types of construction is belleved pos- 39% + | lumber. 7 1 Isotta Fraschini 1.06 ™ % Zonite Prod. & * 14 | tWO main causes of wood waste that is . 4 4Phis information was announced by Lane Bryant (2). 24% 24% | 4% stoc] cash or stock b Payable in stock. 3% in stock n Plus 8% in stock which at present is cn-op:rnun“ with — g - the Ohio Retail Lumber Dealers’ Asso- # iation and pther lumber interests NEW SECURITIES FOREIGN EXCHANGES. acquainting the puslic vith the advan- NEW YORK, Septembsr 8 () —New | (QUO8t100S furnished by W. B. Hibbs & Co.) tuets &t ch?mllcl ly tflrene:: }g:::; A Studies of losses due b e 162 102 | securities oftered today tnclude: Nom{Baierold Selling checks | 1 cay show conclusively, the department American Thr © 100 1o City of Chicago, $23,735,000 tax war- 4 i:“ e Jg rants priced to yield 5 per cent, by said, that it is economically ible to avold about 50 per cent of the annual loss. | Galiomia”pet "Eorp. % syndicate headed by Halsey, Stuart & .| Ganadian Nor: Rwy.' 4} 1 : Co. ‘While preservative treatment of Ehite "Copper Lom"sh oad) State of Missouri, $5,000,000 5 per Cudany g king Co. 8las 19 Peter Cooper would find many a man after his.own heart in Washington to- day—men who are building for the fu-. ture, in finance as well as in engineering .+ . men who are choosing firm foun- dations for future incomes, building steadily, with the aid of sound, non- fluctuating securities—securities such as the 6% First Mertgage Notes sold through the Swartzell, Rheem & Hensev Company. ; £ = EiSedssnnns: 2o s 50002 @ ol SHORT-TERM SECURITIES. (Reported by J & W. Seligman & Co.) Allis-Chalm LB S 1 235§ ~2 Heoannnnng: % London, pound ris, franc ussels, be o ._ o vournbinSabetuuntumn st EnarSas! 333 55 cadages: wood cannot be recommended for all cent bond priced at 101% and interest, purposes, it was mdded, it is desirable for many and will prevent to a great g’ eyndicate headed by National City City of Buffalo, N. Y., $3,765,000 4 extent the losses due to these insects | per cent bonds priced to_yield 2.34 to and deca; _— 3.85 per cent, by George B. Gibbons & Co., Roosevelt & Son and Stone & Web- NEW YORK BANK STOCKS ster. & Blodget, NEW YORK, September 8 (#).—Over Erie County, N, Y., $3,611,000 4 per the counter market: cent bonds priced to yield 3.85 per cent, Trust Companies. }7'! syndicate headed by Bankers' Co. of lew York. . West Chi k. R St T mflnlnmm @o. 5 2 = EZZnann—= s Trusiee & & Curtis Invest Assoc. rils Sec oo3Sge: 223835 FEEES 26.76Vc 6.7 26.86%c METAL MARKET. NEW YORK, September 8 (/).—Cop- per quiet; electrolytic spot and futures, 10%al1l, Iron quiet; No. 2 fob. East- | Bankers ern Pennsylvania, 18.00a19.00; Buffalo, Alabama, 11.50a14.00. Lead steady; spot, New York, 5.50; East St. Louis, 535. Tin steady; spot and nurbi, 29.80; future, 30.05. Zine q:uet; . Louis, spot and future, 4.30a Anumon.:e 8.00. Qul:hflm. Oslo, crown. Stockholm, gzdgzzc 3 . & Grand Trunk of Gulf Ofl of Pa 5 Humble Ol 5V.s 1932, Internat, Match Corp. { Marlund’ Oil 55 1932 | New York, Chi.' & Ehillips Pure o1l For more than 61 years these Notes have built for thousands of investors a stead- ily growing fund for future independ- ence . . . and in that time no investor has ever suffered a penny’s loss. They can do the same for you. i SWARTZEIL, * RHFFM & HENSEY €O \12.17:15 STREET N.W. / 1Wes Tex FOREIGN BONDE. M 46 86 B ART MiE Bank 75 4% 0% Prov T8 e # FERFRRSCT 2323832 AN 301 h9H 2020 0 B SR RN Ay sones; BF MONEY MARKET NEW YORK, September 8 (#).—Cail money nend)lrs' 2‘ap t(T.u “k Time loans steady; 2 it SECH fLmerien .. Employes of the Chrysler Corpora- | Bisniisay Natlerer: now have in effect life insurance | £ amounting. to g.m than SeeanesS: s WS [—— (3 TON D