Evening Star Newspaper, September 10, 1930, Page 14

FINANCIAL, T THEHGRADE BOND | v = BONDSe) [ STORES NET DOWN N ALEUST Received PRGESINADVANCE| iz e Compilation for Eight Months Close. 101 101 . Shows Slight Gain in 'NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. ~Prev.1980— Stock and . 3 i Dividend Rate. Spalding 1st pf Spang-Chalfant. Sparks Withing Spicer Mfg. Splegel-May: Stand Brands (1%) Stand Brands pf (7). Stand Comm Tob. Sales s 4o OB 7 wll'. losv- lllll‘u 12 12 IO'I‘- 107% 107'- 4 111% 111 111 12 104 103% 104 13 1061 106 106 2 1084 103% 103% PacG & El 5s'42... 11 103% 102% 102% NY ELH&P 4849, NY ELH&P 5848 N Y Tel 414539, N Y Tel6s'41. N Y Tel 6s ‘45, Nor Am Ed 5%s 63 or OT & L 68 '47. or St Pow 5s A 41 (Continued From Page 13). * BRIGHT PROSPECT ... .- === Sales— Prev. Hieh. Low. Dividend Rats Add 00. High. Low. Close. Close. SRV, 36 Munsingwear (t4).. 2 39 3 3 38 12% Murray (B)(2% stk) 34 L 17 30% Nash Motors (4). 17 i 354 94 n.cnusn.m 308 8 Nat Bella Hess. Nat Biscuitn (2 0) f‘fi 7 1022 1022 1022 377 1032 10230 103 '43.. 110113 10113 10113 + 100 105 26 105 26 105 26 70 10729 107 28 10729 5 11218 11216 11218 Market for Prime Issues Con- tinues Strong—U. S. SF' HZ Output in Excess of 4,000,000 Units Estimated for Year 1930. Special Dispatch to The Star. NEW YORK, September 10.—A mild- | 1y optimistic view of business prospects | for the automobile industry in 1931 is held by the majority of executives of the automobile manufacturing companies, according to a report of a survey issued yesterday by the New York News Bu- Teau Association. Most of the men whose opinions were obtained said they | felt that the automobile outpui next year would be substantially above the estimated output of 4,000,000 units for | 1930. Many said it would compare fa- ly with that of 1928, when 4,358,759 were produced. They emphasized the lmfi:rtnnce of the replacement de- mand next year's business. Alfred P. Sloan, jr., president, General Motors Corporation—Undoubtedly a cer- tain amount of replacement is being held in abeyance on account of the continued use of present equipment which other- wise would have been exchanged for new equipment. This would have an influ- ence sooner or later. We must also re- member that our replacement market, that is our normal replacement, is in- creasing relatively on account of the in- | creased number of vehicles that hn\'e’ come into use during the past few years. | In other words, there are influences that | are bound to come into the picture | which will affect 1931 favorably. On| the other hand the general economic situation to my mind is undoubtedly a dominating influence. I believe that by that time we will have passed through the low point and be on the uplift, but ! that is only a guess. The general pur- chasing power of the country, so far as I can see it, cannot return to normal until many things have adjusted them- selves, How long that will take, I am sure I could not attempt to forecast. I would say, however, that I think it will take longer than perhaps is thought by cmin others whose views I have no- e J. A. Bohannon, president, Peerless Motor Car Corporation—I look for a de- cided increase in automobile sales in 1931. With it will come a general busi- Dess improvement approaching normalcy. L. A. Miller, president, wfllya-over- land Co.—There is every reason to be optimistic concerning 1931 because in- ventories are low and relationship be- tween manufacturer and dealer, gener- ally speaking, is ideal. Replacement business alone in 1931 will be enormous, and that should insure a normal year. ‘This is more to be desired than an ab- normal year like 1929, which is one of the causcs of the present depression. ‘G. W. Williams, president, Marmon Motor Car Co.—A general improvement, beginning in a small way this Fall, but steadily increasing into next Spring, is expected by many economists. Just as e automobile industry was one of the t to feel the effects of the money pression, so it will be one of the first lct favorably to renewed pmpmty. { H. H. Franklin, president, H. nklin Manufacturing Co.—The ynr 931 is not likely to reach the peak figures of 1929, but should exc:ed 1930. fcompare hvonmth 1928. The Na- En 's purchasing power for automobiles not been affected by unemployment much as by the disposition to curtail nditures until = more pmspemm times. The deflation of boom-time lues, as well as credit contraction, may looked portent for grow her in fl.m:auov(‘ gepreuumt than dur- periods o ish expenditures. M. L. Pulcher, president, Federal tor Truck Co—I believe there will a very large automobile production ‘beginning some time in 1931. I am a 'rnt believer in America and in past depressions I find each &o we go w a still hllherlrhne md I firmly beueve that we wil thigher level and enjoy fi:&et pru- penty uun ‘we ever have E. S. rrell, president, Stutz Motor Co.—We do not look !or any “El-l also an added volume by then will have delayed their pur- chases l?srt mmt !'.’w:o :‘/,uru and who | orce u; ww.. ';Y. Muller, president, Moon Motor Car Co—Taking the country as & whole, it seems that business is as- suming a more opumlm;:d 03311':“’ wl:!lf'l: enfl towal iness . u\lnlnm & in the future than it ‘ever has before. ‘offclal of the Ford Motor Co. sald: Wiye feel generally that the situation has Mot hit bottom as yet, but that it is not § to hit bottom. The Nation is g:. ull n:: of it a8 ‘r”’&""ipi‘" Tt Bits ® un experi- oy otg;o Co. the past year has been satisfactory in every respect. We expect it to continue so.” TITLE FIRM OPENS Nat Cash Reg A (t4) 88 Nat Dairy (£2)...... Nat Distillers (2) 16 Nat Lead (18) F Nat Lead pf ( Nat Pow & Lt (1) Nat Steel (2) N Y Invest (1.20) N Y NH & Hart (6). NYNH&Hpf (7) N Y State Ryspf.... Y Steam 1st pt (1) orf & Western (10) Norf & West pf (4).. North Am Aviation.. Nor Am (b10%stk).. 61 North Amerpf (3)... 1 Northern Pacific (5). 7 Northwest Tel (3)... 108 Ohio O11 Co (2)...... 3 0il Well Supply 157 Oil Well Sup pf (7 Oliver Farm Equip. Oliv Farm Eq ev pf, 4 OlivF Eqpf A (6). Omnibus Corp. . Orpheum Cir pr ) Otis Elevn (23). Owens 111 Gla: Pacific Coast Pacific Coast s Pacific Gas & El (2).. 23 Pacifid Lighting (3). 65 Pacific Tel & Tel (7).190s i Pac Tel & Tel pf (6).1008 4 Packard Motor (1).. 79 2 Pan-Am Petrol (B), | 2 Panhandle P & R. Param'nt Publix (4). Park Utah Parmeles Tran (60¢) Pathe Exchange. ...\ Pathe Exchange (A). Penick & Ford (1). Penney (I C) (3), Penney (JC) pf A Penn Dixie Cement. Penna R R (4). Pere Marq pr vl lE) . Petrol Corp (1%) 4 Phila Co 6% pf (3). Phila Read C&I.... Philip Morris&Co(1) Phillips Petrol (n2).. Pierce Petroleum Pillsbury Flour (2).. % Pirelli Italy (a3.14). Pitts Steel pf (7)...0 Poor & Co (B) (2) PRAmTobA (3% PR Am Tob (B).... Postal Tel & C pf (7) Prairie Oll & Gas (2) Prairie Pipe L (15).. Proct & Gamb (2.40). Pub SYE &G pf (6). Pub 8v N J (3.40) Pub Sv N J pf (5) PubSvNJpf(6)... Pub SvNJ pf(7)... Pullman Corp (4) 508 108 Pure Oil pf (8). Purity Bakerie: Radio Corp. . Radio-Keith-f OrDh A. 574 Raybestos Man260.. 2 Reading 1st pf (2). Reading 2d pf (2) Real Silk (5). Rem Rand (1 Reo Motor Cs Reo Motor ctf (80c). Reépublic Steel (4)... Republic St L (6) Metals (2). 11 Spring.... 1 Reynolds Tob A (3). 20s Reynolds Tob B (3).. 109 Richfield Oil (2) 57 Rio Grande Ofl (2).. Rossla Insur (2.20).. Royal Dutch 23.2165. Rutland pf..ovseanes Safeway (€5)....... St Joseph Lead (3) St L-San Fran (8) St L-San Fran pf (6). St L Southwestern. St L Southwn pf (5, Savage Arms (2). Schulte Retail Str Schulte Retail pt (8) Seaboard Air Line. .. Sears Roebuck 32% Second Natl Inv. Seneca Copper Servel Inc. . Sharp & Dohme Shattuck F G (11%). Shell Trans (a2.423). Shell Union Ofl. ..., Shell Un Oil pt (5%). Snubert Theaters. . Simmons Co. . Simms Petrol (1.60). Sinclair Con Ofl (2) Sinclair Ofl pf (8) Skelly Ol1 (2). Skelly Oil pt (6) Snider Packing Solvay Am pf (5%) Sou P Ric Sug (1.40). Southern Cal Ed (2). Southern Pacific (6). Southern Rwy (8) ..+ 3. Spalding (A G) (2).. 1 44% Stand G & E (3%) . Stand G & E pf (4).. Stand G & E1 pf (6).+ Stand Invest Corp. Stand O of Cal ( Stand Ofl of Kan ( Stand Oilof N J 1"") Stand Oil N ¥ (1.60). Sterling Sec (A). Sterl Sec pf (1.20). Sterl Sec cv pf (3) 4 Stewart-Warner (2 Stone & Webster (4). 4 Studebaker Corp (3). debaker Co pf (7) Submarine Boat Superheater (13 Superior O1l. . Superior Steel . Telautog C (11.35). Tenn Cop & Ch (1) Texas Corp (3). .. Tex Gult Sulph (4) Texas P C & Oil Texas Pac Land Thatcher Mfg (1.603. The Fair (2.40). Thermold Co. %4 Third Avenue. Third Nat Inv (2) Thompson (J R) (3). Thompson Pr (2.40). Thompson Starrett. . Tide Water As (60¢) Timken Det Ax (80c) Timken Roller (3)... Tob Prod (A) (80c).. Transamer ($1.60). . 4 Trico Prod (2%) Tri-Cont Corp. Tri-Cont Corp pf (6). Twin City R Tr (§4). Ulen & Co (1.60) . Und-Ell-Fischer (5). Union Bag & Paper. . Union Carblde (2.60) Union Oil of Cal ($2) Union Pacific (10)... Unfon Pacific pf (4). Un Tank Car (1.60).. Utd Afreraft. . Utd Afreraft pf (3) Utd Biscuit (1 60) Utd Carbon (2). % Utd Cigar Stores. Utd Corp (50¢). Utd Corp pt (3). Utd Electric Coal. Utd Fruit (4).. Utd Gas & Im (1.20). Utd Gas & Im pf (5) . Utd Piece Dye W (2) 4 Utd Stores (A). .. Utd Stores pf (21%) U S Expres U S & For Secur. .. U S Freight (3). ... .. U S Ind Alcohol (1) & US Leather.. o USPipe&F (2). U S Realty (5)...... U S Rubber. U S Smelt & Re! (1) U S Steel (7). U S Steel pf (7). U S Tobaceo pf (7). Univ Leaf Tob (3)... Univ Pic 1st pt (8). . 4 Univ Pipe & Rad. Util Pow & Lt A (2} Vadasco Sales Corp. . Va El & Pow pf (6) . Vulean Det (4)... Wabash.... . Wabash pt (A) (5).. Waldort Systm (1%) Walgreen pf (6%)... Walworth Co (2). 1 rd Baking (A)... 5208 rd Baking (B) . 48 Ward Baking pt (7). Warner Bros Pict Warren Bros (3)..,, War Bros ev pf (3) Webster-Eisenlohr. Wess Oil & Snow (2 West Penn EI pf (6). 20- ‘v‘v st Penn EI pf (7). Western Dairy A (4). Western Md. .. Western Pacific Western Pacific pf. .. Westingh'se A B (2). 31 Westing E & M (5).. 231 West 2 & M pt (5).. 210s Western Union (8). Weston El Instr (1) Westvaco Chlor (2) White Motors (2) Willys-Overland. Woolworth (2.40) Worthington Pump. Wright Aeronaut.... 1 Wrigley (Wm) (4).. 34 Yellow Truck. . 153 Youngs Spr!fll (I) .17 % Zenith Radlo. 2 RIGHTS EXPIRE Mich Steel.. Sept22 2 Warn Bros P.Sept 15 252 822.900° 1, per cent in stock. §Payable in scri stocl Dreterred stock. 2% in stock. T Bublect to apbroval of stackRolders. Group in Demand. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, September 10.—Bond trading was ngaln active today. Prices of high-grade investments remained at high levels and a few, notably public utility obligations, made small gains; but the balance of the list had an irreg- ular tone. There was a negligible total of new bonds on the market, money rates were,| unchanged, and the stock market was'| not doing enough to affect bonds in either direction. United States Issues Active. Long term United States Govern- ment obligations were more active than usual, presumably as a result of the calling for redemption next March of $1,149,000,000 of Treasury notes series A and B, and the refunding on Monday of $400,000,000 of Treasury certificates and bills. The price range of the long term issues was again upward, most of them selling within fractions of their best prices of the year, Soon after opening, it became appar- ent that the market had made up its mind to disregard the possibility of fur- ther political troubles in the Argentine and the credits of that country were actively bid higher, practically to the levels current before the Uriburu up- rising. A few South American bonds went Aong with the Argentine group, but azilians were weak, despite denials from Rio de Janeiro that unrest was widespread in the states of Rio Grande do Sul and Minas Geraes. The obliga- tions of these states were both off and 4 | close to their low points for 1930. Other 234 8% 3 2% Sales of Stocks on Nzw Yurk llclnnn . 1.131,400 «ers 1972700 Dividend rates us given in the abo gash payments based on the latest uua:m“; of aue'Fearly abdlave! jons. 8.0nit of trading less than 100 shares. JPartly extra. tPlus ¢ Plus 9 pe; t r cent in -lock pitock m Plus Plus 50 cents tn foreign dollar bonds were quiet and in- clined to sag fractionally. Prime seasoned favorites of the do- mestic list were traded in small volume at their best levels. New York Central 4s, Northern Pacific 4s, Inland Steel 4! Standard Oil of New Jersey 5s, Columbia Gas 5s and American & For- eign Power 5s were active and slightly better. Others were unchanged. Con- vertibles were dull, though Philadelphia & Reading Coal & Iron 6s stood out as an exception. They were heavily traded and went to a new peak price on the current movement. Junior Rails. Junior rails were the most active group on the market, though the price trend was indeterminate. Issues like St. Paul 5s, Erie general lien 4s, Wabash 4'>s and Western Marylnnd 4s were wld around their best prices. Industrials were strong. There were advances in Certainteed 5'5s, Interna- tional Mercantile Marine 6s, National Dairy Products 5's, Goodyear 5s, United States Rubber 5s, Richfield Oil 6s and Interborough Refunding 5s. New York City tractions were dull compared with their recent activity, with the only signs of interest in Twenty-third Street Railway 5s—a surface line obligation that, has been selling on a receivership basis for some time. The price today was marked up 3 points to a level 10 points above the recent low. The com- pany, which paid the interest on its bonds in July, is expected to benefit by any general unification plan of New York City traction systems. gl e S ST BANK CLEARINGS. NEW YORK, September 10 (Special). —New York bank clearings, today, $859,000,000; a year ago, $2,053,000,000. New York bank balances today, $150,000,000; a year ago, $209,000,000. New York Federal Reserve Bank credits, today, $134,000,000; a year ago, $177,000,000. Washington Stock Exchange SALES. Potomac Electric 52 % pfd.—1 at 108. Merchants’ Bank & Trust Co—10 at 5. Firemen's Ins. Co.—18 at 33. The Carpel Corp.—50 at 24%, 100 at 24%, 50 at 241, Capital Traction Co.—10 at 61, 20 at 61, 10 at 61, 5 at 61, 20 at 6114, 5 at 61%s. Capital Traction 55—$1,000 at 93%, $3,000 at 937%. ‘Washington Gas 55—$500 at 104. AFTER CALL. Bank & Trust Co.—10 at Potomac Electric 5145% pfd.—10 at 108, 10 at 108, 10 at 108, 5 at 108, The Carpel Corp.—20 at 24%%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. el & Telga 45 '33. Merchants 125. Bid. Asked. 101%a Capital Traction R R.' 58 City and Suburban 5s.... Georgetown Gas 1st b FOREIGN. Argentine 5 " Argentine 5% Argentine May '61. Argentine 6s Ju '59. Argentine 6s Oc '59. Argentine 6s A '57. Argentine 6s B '58. Australia 4%s '56. . Australia 65 '55.. Australia 58 '57. Austria 7s '43. Bk of Chile 815857, Bk of Chile 6% '61 Batav Pet 4158 '42, Belgium 68 '55 Belgium 61549, .. Belgium 78 '35 2 Belgium 75 56 Belgium 8241 Bordeaux 6s Brazil 6148 ‘26 Brazil 6158 '27 Brazil 8s'4 Bremen 75 '35. Canada 58 '52. Chile 65 '60 Chile 6s '61 Chile 7= *42 Colombla_6s Jan Con Pow Japan 78 Copenhag 435553 Copenhag 5 '62. Czecho 85 '51 Czecho 98 Dan Mun 8s A Denmark 41¢s Denmark 5%s '5 Denmark €s 42 Dutch East I 6 Fiat 7s ex war "46. Finland 5%s '68. ... FramID 7ls'42.. ¥rench 7s'49...... 4 French Gvt 7138 *41 Gelsenkir Min 6s 34 German §%s 65 German Bank 65 '38 German 6%5 '50. . German 7s rep '49.. Ger Gen E1 7 Greek 6563, Hungary T%s"44.. Irish Free St §s'60. Italy 7851 Japanese 6 ’6! °5 Jugosl Bank 7s "5’ Karstadt 6s 43, 24 Kreug & Toll bs ‘59, Marsellle 6s '34. Mex 45 asstd 1910 Mexico 5s A *45. Milan 638 '52 ’ Montevideo 78 '52. . Netherlands 6s'72., New So Wales '57 Nord 6%s '50 Norway bs Norway 5%s '65 Norway 6s°43 Norway 6s 44 Norway 6s 52. Orfent dev 5% Orlent dev 6s '53 Paris-Ly M 6s Paris-Ly M 7s Paris-Or-5%s Peru 6560 Peru 6s'61 Peru 75’59 Poland 7s '47. Toland 8s '50. Queeniand 6s'47... Queenland 7s"41... Rhinelbe 75 '46 ww. Roy D 4s'45 ww Sao Paulo 8s Shinyetsu 634852, Soissons 6s ‘36 Sweden 53854 Swiss 515’46 Toho El Pow 6 Tokio s '52 Toklio 5%s°61. Utd King 5% 8'37. . Utd SS Copen 65 '37. Uruguay 6s'60. Vienna 6s'52. .. Warsaw 7s '58 ‘Yokohama 61... 9 98% 104% 96 9614 95% 105 109% 114% 4 110% % 108% 67 68 105% 2% 2% 96 10215 105% 104% 96 9614 954 1054% 109% 114% 110% 1081 67 69 71 100% 94 100% 111 § 110% 94% 101% % 105% 102% 86% 8T% 108% 120% 125% 95% 86% 102% 92% 99 1041% 105% 103 67 663 89% 8% 93% ¢ 100% 104 4% 89 89% 105% 101 93 86% 2 98% MISCELLANEOUS. 81 ADitibl P & P 5s ‘53 Ab & St 5%s 43 Adams Exp 4s'48. Allegheny 5s 44 Alleghany 6s Allis-Chalm 58 AmAgCh 7 Am Chain 6s'33. . AmF P51s2030.. 23 AmIGCh5%s'49. 16 Am Int Cor 5%s'49. 16 Am Metal 5348 '34., 28 102% 86% 87% 108% 120% 125% Pac T&TIst58°37.. 5 104 104 104 Paramount 6s'47... 9 100% 100% 100% Pathe Exch 78 '37. 58 58 Phila Co 63 '67 101% 102 Phila & Read 6 1023 102 Phil Pet 5%s 39 Por RT am 65 '42. Pos Tel & C 55 '53 Pub Sv G 425867, Pub Sv G 4%s'70 4.1 4 102% 102% 102' 102!3 102 102 ms 6s A "37. 965 96'% 961 '};:: lAJd 5%s A 117 100's 99% 100%: Richfi'd O cal 65 8312 831 83% Sincl O 615 B '38. 104 103% 103% Sincl O 7scv A '37 104% 1041 104% Sincl Cr O 53s '38.. 27 102% 102 1024 Sinclair P L bs '42.. 102% 102 102% Skelly Ol 6% 9615 96% 9613 Solvay Am bs 99 99 99 Sou Bell T&T 105% 105 105% 104% 104'% 104 StOINY 4%s'51.. 100% 99% 100's ‘Tenn Cop 6s B "44. . 102 102 102 Tex Corp cv 55’44, 132 103% 10315 103% Trans Oil 63%s'38.. 22 110 ~109% 109% Utd Drug cv 58°53.. 40 99% 99% 99% USRublst6s'47.. 9 834 82% 824 Utah P& L 5s'44... 8 102 101% 1011 Util Pow 5%48°47... 1 90% 90% 90% Warn Br Plc 6s'39. 28 891% 88% 89 West El deb 55 '44. . West UnT 63%s°36. 1110 110 110 Wick Spen 1st 78’35 2 20 20 20 Wick Spencv 7s’35 3 20 20 20 Wil-Ov 1st 6355°33. 1 101% 101% 101% Wil&Co 15t 6s°41,. 2 101% 101% 101% WinRATY%s"41... 2 108% 103 103 YouSt& T 5s'78... 41 104% 104'% 104% RAILROAD. Ann Arbor 4s '52 85 8 85 Atchison ad) 4895 3 94% 94% 9% Atchison gen 48'95. 6 97% 97u 9T% Atchison cv 4% "48148 132% 130'; 132% 2 10 102% 102% 102% AtCLcol4s’52.... 10 93 923 92% AtCL1st4s'52.... 1 96% 96% 96% <12 97 9% 97 + 56 101% 101 101% saee 26 101% 101 101% 4 104% 104% 104% 6 1067 106% 106% 4 104' 103% 104% - 11 110% 110% 110% OP&WV 48 1. 1 964 96ls 965 B&OToledo4s.... 2 88% 834 884 Ban & Aroos 4s’51, 1 92% 92% 92% Bos & Mo 68 1955... 6 101% 100% 101% 8 102% 101% 101% « 7 92 92 92 . 1104 104 104 + 83 100% 100 100 .21 %1% 91 91 33 95% 95% 95% 1 101% 101% 101% © 2 99% 99% 99% 20 99% 99% 99% 213 99% 99% 99% 7 105% 105% 106% Bklyn Man 6s Bklyn Un 1st bs BR & Pitt 43%s'57 Bush Ter con 5s '35. Can Nat 43%s'54. Can Nat 4% 857, §9. 13 106% 105% 105% | Lerne y ‘69.. 8 105% 105'% 105% 101 101 18 118 6 99 3 104% 104% 104% Can Pacific 5s Can South 5s '62. ... 107 108 CarClin & O 6s°52. 37 109% 108% 109% Cent of Ga 55 C'59. Cent of Ga 5% '59. 7 9% 97 4 27 101 100% Ch&Ogn 4% Ch&O4lhsA Ch&O4%sB 2101 101 101 1 97 9% « 14 1025 102% IDZK Ch & East [1158°51. 20 71% 70% 71% ChGr West4s'59.. 656 74% 74 Ch In & L gn 55 '56. Ch In & L rf bs'47.. Ch M&StP 4% 8°8y. 14 100% ChMStP&P5s'75 84 88% Ch M & St Padj bs. 182 53% Ch & NW 43%s 2037, 29 100% Ch & NW con 4% Ch Rwys bs 27, o 80%y 94 95 Mo 8 104% 104% 104% | D 4 10215 102 102% 2 105% 106% 105% 9T% 1 105% 105% 105% 100% 3 1035 103% 103%| eppe, jes siles of Coward Shos Co, inee 5 100% 100% 100% 5 104% 104% ll)lh T4% 2 102% 102% 102% 3 103%5 103% 103'% 99% 100% 83 88| Unfilled Tonnage Report Reveals 99% 100% 9% 80% Total Sales. Special Dispatch to The Star. . NEW YORK, September 10.—Merrill, Lynch & Co. have compiled a table of 40 chain store companies reporting their results for the first eight months of 1930, showing aggregate sales of $1,- 568,138,526 against $1,559,811,587 for the corresponding period of 1929, an in- crease of 0.53 per cent. gregate sales of- these companies | for tne month of August totaled $189,- 1946,216, as compared with $205,476,939 ltort{mml 1929, a decrease of 7.5 per cen August Sales, Sears-Roebuck ..... $25.344.275 F W Woolwortri Go. '33.088:003 Mon ery Ward 5:.;'5:‘;‘;_:::‘ £32855388 8 W. Gra McLellan smu Melville Shoe Schults 2528 Mirohy 0.1 wnldorl gmem . i P SF888832s! 3sissE Nat. Shi Wikn & Lovett 3,,,, Exchange Buffet. hlznl !-kt ison Bros. 'B u,?‘llfl'lth llmm yhee < 5! A 1930, Coward "Bnce’ Co. Right Months’ Earnings. Sears-Roehuck fomery War Bleway Bies 8. 8. uwron sirs. Goin. Il t Mel F. &w er.m,-uflnr 3. lchuln-u-m-n m:ull-n ‘Stores. ant, Ine SRR £ 98% 98% | Seper, S f.m‘ah"'m $1,668,133,526 $1,569,811,587 May, 1 %|STEEL ORDERS DROP SHOWN FOR AUGUST Decline in Backlog ‘!‘nl " July Figures, 994 994 ChRI&P 448 A ot Ch TH&SE in 58 b 9% 9% 3 85 | filled 1 102% 102% 102% | Steel Hiy the Associated Press. NEW YORK, September 10.— S Pt i ‘orporation 580,204 3 115% 115% 115% | tons in August to a total of 3, 3 Clev Term 5%s°'72. 10 109% lm 109% Colo & Sou 4148 °35. 18 101% 100% 101% 81y Colo Sou 4% '80. .. 22 Cuba RRGs‘52.... 6 Cuba RR 6s ctf '36.. 5 Cuba Nor 5%s 42.. 10 Del & Hud rf 45 '43, 11 Den& RG W 6s'55. 1 a DRG& W stbs'78. 15 98 Erle 15t con & 8T% Erie con 4s 86% 83% 93% 93% Fla E Coast 58 '74.. 46 GrTrsfdb6s'36.. 2 107 106% 106% Gr Nor 4%s°76 (D) 1 100% 100% 100% Gr Nor 4%s'7 1 99% 99% 99% Gr Norgn 5% .o 3111 111 Gr Nor gen 7s'36... 29 111% 111% 111% Gulf Mobile 55°50.. 14 100% 100% 100% HavEIRy5%s'51. 65 47 47 47 Hud & M adj b: 45 84 83% 83% Hud & M rf 5. 15 100% 100% 100% usually been a month of 31 the steel NEW YORK 1027% 103% 162% 106% ; plain to fair, 4.75a5.25; ‘common to plain, 4.25a4.75. Cows—Good to choice, 5.25a5.75; medium to good, 4.75a5.25; fair to m:dium 3.75a4.75; plain to fair, 2.75a 3.75; common to plam 2.25a2.75, Heifers—Good to choice, 6.25a7.25; medium to good, 5.75a6.25; fair to me- dium, 5.25a5.75; »lain to fair, 4.50a5.25; common to plain, 4.00a4.50. the price of copper, iron and steel to the lowest levels in recent years. An automatic parachute has been developed in Canada and has been pat- ented there and in the United States. It is Clltmed that this parachute, weighing 11 pounds, strapped on the shoulder, may be automatically re- leased, thus obviating the serious diffi- culties in cases where the jumper fails to release the chute or of other trouble. KELLY-SPRINGFIELD | 4 ¢ rmzasouy saancs SUIT IS DENOUNCED OFFICE IN CAPITAL W. 7. Booher Will Manage Busi- ness Here—Reception Planned Iltinots Cent 4 4 981 98% 98y ‘c“? “ent 45 '53 o 1 90% 9 w’ 1l Cent ref 4855, 17 94~ 99m one ggml 5 111 Cent 4%, 866 26 101% 101 101% York, 550 nu_-mm-'x 109% 109% | quiet: Ei STOCKS. : S ey s en | $0ne den Antimeny. 161 PUBLIC UTILITY. 'll% 117.00. Amer. Tel. & Tel. (9).. Gapltal Traction Co Barber & Ross, Inc. Cheyy Chase Club 5 Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., September 10.— Potatoes, white 100 pounds, 75a2.00; on Friday. barrel, 2.0082.75; sweet potatoes, barrel, - 3.25a4.00; beans, hamper, 125a2.25; ; 58 The New York Title & Morigage Co. | beets. 100, 4.00; cabbage, basket, will formally open its Washington|1.00; carrots, 100, 2.0083.00; caulifiower, Shoreham Bullding | crate, 1.7502.00; celery, crate, 1.25a1.75; e e corn, dozen, 15a35; cucumbers, ham- held in the com- pany’s offices dur- | per, 75a1.20; eggplants, hamper, 50a ing business hours.| §0; lima beans, bushel, 2.50a3.50; Jet- tuce, crate, 40a75; peppers, hamper, 50a hile the New . Yo‘r‘{( fincaum- 60; ‘squash, hamper, 50a75; tomatoes, President of Company Declares ) hamper, 50a1.25; packing stock, bushel, Metropolitan ae’l has_been B E:fif,ecf:. Washing. | 50 & 1.35; apples, bushel, 50a1.35; can- Court Action Is Not P Riggs (15 taloupes, hamper, 35a1.00; huckleber- £ wg:]m‘"m ries, quart, 18a22; peaches, bushel, 1.50a Justified. FOREIGN EXCHANGES. ton for themmm. dozen years, insur- 3.50; pears, bushel, 75a1.25; water- (Quotations furnished by W. B. Hibbs & Co.) melons, 100, 8.00240.00. Nanflnrl Fold Selling checks value o ing_titles to local Dairy Markets, real estate at its New York office, alive—Chickens, springers, Leghorns, 15a23; hens, Arm Del 5%s8'43.., At Ref deb 5537, ., Bell Tel Pa 55 B "48. Beth Strf 5542, BkEdgn A6 Bush T Bldg 58 Cert-td deb 53 Chile Cop db b8 '47. Colon Oil 6s ’.’!l Col G&E 58 May '52 Com Invest 555849 13 Com Invest 6548 .. 17 ConG N Y 5%s'45. 34 De Edison 5s Det Ed rf 6s B 102% 1025 985 Wash, Rwy. & El. pid. 98%, 101% NATIONAL BANK, 4 sl Int Rys C A 5872 Int RysC A 6s°41. Kan C FtS&M 4s ‘36 Kan City Sou 3 1 9% 9% City Sou § 1103 108 103 | Peor & E 1st 45 40 KanCity Ter 48'60. 22 941 94% 941 | Pere M 18t 45 '56. Leh Valev4s2003.. 1 92 i L Lo Leh Vev (32003, 1103 103 103" & WV 4% B 5. ° Longlsldbss'37.. 5101 101 101 |E&WV4%sCr60. L&Nuni4s'40.... 1 99 g9 yg [PortElec6s7. L&N 4382003 4 10:% 101 102 [ POrt Ry 5530 . L&Nistresy 2308 06 e | Tt RV 0L o Manh Ry 1st4s'90. 2 53% 53 53 POI’R[’:&P’% 4 Market St 78 '40. . . 1 94% 94% 94y MER&L4%s"31. 2 100 1004 100 | ReAGINE xen 43 .. MILERy & Loa’61. 7 1024 102% 1023 | Rio Gr W elt a5, MA&SListrfds’39. 1 74 13 7% iy T %04 90 90%{ St L Ir M'nt §s '31 4 98% 98Y 98Y St 4 B4 8315 84 Ml’}&Tlll‘l'g 1 90% 90% 90%|StL&SF 4% . Ml\_hTDrlni A. 1104 104 104 St L &SF prinss B. ll MK & Tadj 55 99% 1005 | SUL S W ov 4832 Mo Pac gen 48 75. . 80% 81 |StP&KCSL4% Mo Pacific 55 A '65. 102 102 St P Un Dep 68'72.. Mo Pacific 6s F *77. 101% 101% | San A & A P 4s°43 Mo Pacific 55 G *78. 32 101% 1015 101% | Seab A L cv 6845 Mo Pacific 58 H'80. 3 101% 10115 1013 ( Seab A1l F1 65 A '35+ Mo Pac5¥%scv'49.. 15 109% 109 109 Sou Paccol 48°49., 1 N&T&MIRRE. 6100 o gy NY Contnst e 6 a5 'g5° 190" | Sou Pac4iunes. . N Gentab 4834, 15 100% 100 Rou 31t % vu NYCent4}ss201i 1 102 1021 lozi | SOUP & Or 4377 IntT&T58'55..., 20 So 552013, 7 Kan Gas&E 418 '80 25 :{&:fl‘:f‘fl: '93. lg lg:/‘ Yoon i Lac G St L 6s "34 Y 8. Laclede 6%8 C '53. ‘ NYC&StL6%sA. 1 107% 107% 107y | S°U Rwy 6%s Laclede 5158 D *60 NYC&StL6s'3l. 1 102% 1025 102% | Tex &2 1st 58 2000, Lautaro Nit s 33, 3 102% 102) 102)4 | Tex & Pac s B 17 Lig & Myers 5851, 056, 14 8T 86 Third Ave ref 4s 60 Lig & Myers 7s '44.,. 8 88 o Loew's 6s war "41. Loew's 65 ex war. Lorillard 51ts '3 Lou G & El 5552 MecCormack 6s ‘The United States 'l'reuury balance announced today as of close of business September 8 was $59,632,704.54. Cus- toms receipts for the month to date were $8,744,385.90. Total ordinary ex- penditures. $19,663,065.10. 1 91% 97 Federal- Amenun (10). Liberty (7. Lincoln 3».—“ 13). TRUST COMPANY. Amer. Security & Trust (15 Duquesne 415 "67. ontinental Trust (6) Fisk Rub8s'41.... 13 Gen Cable 5 Special Dispatch to The Star. NEW YORK, September 10.—Samuel ‘Woolner, jr., president of the Kelly- Springfield Tire Co., declares that the application of James A. Kelly for a recelvership for the company is un- founded and unjustified. President ‘Woolner reports the tire concern in an excellent financial condition. The bal- ance sheet of July 31, 1930, shows cur- rent assets of approximately $13,000,000 against current liabilities of approxi- mately $2,100,000. U. S. MINE PRODUCTION DECREASE DURING JULY By the Associated Press. Production of American mines and factories decreased 6 per cent during July. In making this announcement the Federal Reserve Board points out there also was a substantial reduction in the output of iron and steel, while the 0. daily average production of bituminous ;‘,,‘,’,‘,“-}’-‘,‘ ’,’f"é‘{’",’ pe (@ i continued small. The output of steel \ i et e o showed a further slight decrease in 933, Natl. Mtge. & Inv. pid. the first half of August. In stating Reah Bet M. & 6. bid. that factory employment and wage pay- Betuniy Sigrase ments in the middle of July were the e D08 oo (i Cattle—Receipts, 150 head; light sup- | lowest since 1922, the board says the “Mech, Mige, reduction in number of workers em- b Mise, com. ply, market steady. Wash. Bld, Steers—Good to choice, Mnnluoo ployed was the largest in steel plants, ‘&?fiflm;%: Eathrop ‘shd. medium to good, 7.25a8.50; fair toshops and foundries. Working forces ook g at bituminous mines were further re- medium, u.wl 25 plain to fair, 5258 . to plain, 4.50a5.25. duced. The board also notes a slight increase in the price of silver, hut a decline in London, pound Paris. franc. . Brussels, bel Berlin, mark. the growth of its business has justi-1 poulfry, 20a28; 20a28; Leghorns, 14a20; roosters, 14al ducks, 13a20; guinea fowls, each, 657! pigeons, pair, 15820, Eggs—Recepits, hennery, white, firsts, 26a28: receipts, 25a27. Butter—Good fancy creame; pound, 36a42; ladles, 28a30; rolls, 27a28; process, 33a35; store packed, 24a25, Hay and Grain. ‘Wheat—No. 2 red Winter, export, 91; No. 2 Winter, nrnckv. spot, 88; Septem- ber, 88; October, 89" Gorn—No. 2 domestic, yellow, new, 1.15a1.16; cob corn, 5.5085.75. Rye—Nearby, 68a75. Oats—White, No. 2, new, 49; No. 3, 48, Hay—Receipts, 71 tons. _General hay market strengthening. Drought has seriously curtalled nearby crops, chang- ing the entire situation. Sect tofore shipping are now offers of hay. Good clover mlxed -nd timothy new hay will bring from 22.00 . per ton, 9.00a 1, per ton, 9.00a Live Stock Market, Tnion Trast (o) Wash. Loan & Tr SAVINGS BANK, Bank of Bethesda (61). NBR B 101% 1017% 88% 8915 100% 100% 101 101 99% 99% MY 91y 92% 93 Gen P Sv51%s'39 Gen St Cas 5%s 49, 103% Gen Thea Eq 65'40. 17 95 957 Good 1st 6%5°47. . 1051 Goody'r Rub s 42921 92% Hum O&R 5%s'62., % 102 102t NIBTIistpfbsA. 4 105% 105'¢ 111 Steel 4% s 101% Inland Steel 4% 9% 101% tate the issuance of its policies and to brond:; iil.su:er‘:!ce to W hingtonians. W. J. Booher. e e in charge, and B, B. Bauey is title officer. 1,091 cases; firsts, 35; firsts, 28a30; nearby Southern current Copennagen, erows. osfo.” crown Stockholm, crown SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) FIRE INSURANCE. American (12).. Gorcoran (10) Firemen's (8) National Union (15) TITLE T Columbia (6h) Real Estate (6h Title & Inv. Co. Md. com. MISCELLANEOUS. Barber & Ross, tnc., com Chevy Chase Dairy brd. (1) Band & Grayel ptd, (1) . PROTEST oN 'GRAIN RATE DECISION IS ANNOUNCED B the Associated Press. A petition asking the Interstate Com- merce Commission to reconsider its re- ‘cent decision granting a general reduc- tion in freight rates on grain and grain ucts in the West and for export was filed today by Western railroads. ‘The petition, filed by all Western car- ‘rlers, asserted that the decision required . rates which would substantially reduce yevenue “in the face of a general rate Jevel which at present is and for years t has been insufficient to provide a r return.” l‘lt added the decicion was handed down so long after the record in the case was compleied that testimony re- ceived by the jon no longer ap- plied. The cese gued before the ‘commission early jast .;ummer and the ision came las. July ‘The appiication also chal"u‘d the re- duced rates would deprive the reilrcads ‘of their pi ty without due proce: in s ion o the fifih amend- Int Hydro E1 6s "44, Int Match 58 °47.... In M M col tr 6s 41, Int Pap 6s A 47, Int Pap 6s 55 Allis-Chalmers Co 55 1937..... American Tel. & Tel. 5128 1943. . American Thiead blys 1938.... 100 Baltimore & Ohio 413s 1933 tes'52. Batavian Pet. Corj Int T&T cv 4348 39 183 1104 1790 lll)i {ah 111!( 1% 103% 1081 514 By 33% 33w Son ers b g S T Grand Trunic of Canada 6s 1936 1 B oo n 98% 9215 10055 101% 101% 88 g8 41 39 39 t’% 49% 49y | Un Pac 4% ‘1. Va Ry & Pow 5834 S Wevbs'ss 91080 =1 0o i Standard Ol N. Jersey 55 SIAndATa Ol N York aiog 1081 8t L, 1 5 y. "85 1931 1 Norf Soath bs *41. .. Nor& Wnev4s'96, 3 97% 974 l'!K Nor Pacific 38 2047. ’IS 70 69 69 Nor Pacific 97.. 95 94% 94 Nor Pac 5s D 204 ]6 106% 106% 106% W Nor Pacr16s2047. 22 114% 113% 114 Ore Short Lssgtd.. 1 106% 106% 106% W 102 102 101% 101% 104% 1047 28% 875 13 1025 102% Sl Wabash -buh 5 est Md - s Piecitic Eteel CO D‘ I 19¢ Steel cu"l; ni- ufl: .0006.25: W When' tssued. 114% 114%