Evening Star Newspaper, September 10, 1930, Page 15

F!NANC!AL STRENGTH IN CURB LIST MAINTAINED :Market Continues Upswing, 1$ Although Price Changes Are Very Low. BY JOHN A. CRONE. Bpecial Dispatch to The Star, % NEW YORK, September 10.—Stocks the Cyrb Exc today maintained r,m:t h‘mflw that charac- rized the opening. The leader of the list, Electric Bond & Share, got ur, about & poin; Its rise was_immediatel advances in American Bwfl' Afllfl'lm & Foreign Power, Niagara-Hudson Power, Consolidated Gas of Baltimore and other prominent power and ll(ht issues. +Cities Service remained close to its previous final quotation. Natural gas shares, power and light securities, investment trusts, miscellane- -ous industrials, radios and petroleums, “in ordcr nlmed‘ were the outstanding forenoon dealings, during fr'gxcn trldlnl totaled 335,600 lth, the largest volume i that ,Juneg when sales appr gm. shares. The natural gas industry has steadily pushed its expansion programs and 8 ow ready to ukhe tndvtmtue‘ "?f uw seasonal k:k up that comes with more Sactivity lg business and the advent of ‘eold weather. Profits and sales of nat- ural gas in the first eight months of tms year were a trifle below the same riod of 1929, but their showing is cellent when compared with decreases other fuels. United Gas Corporation, new. the most active natural gas stock, had no adding a half point ?%fll:“l:tys n:lle of E . Dixie Gas & Utility jumped 2% points and was fol- Jowed immediately by National Fuel “Gas with a rise of 1'4. Lone Star Gas _was up a shade and American Natural Gas, whose name often has been linked '\'nh the former in merger rumors, ved. 5 Mm his Natural Gas rose !2 point and & similar gain was registered by Dugquesne Natural Gas, which has just completed two new wells. Around mid-day American Common- wealths Power A, United Light & Power A and Utilities Power & Light forged Shgad i o BT SR klin Manufact 0. T n, featured the motor L e Lo Bl breaking 1 a for ‘"fl : ing 5 the tape until Z igreen Drug Stores was down 2% lnu duplhe its gain in eight months g: Aul\ut sales. Trunz Pork Stores points. Movadel Angene -eored mother new puk price. " CHICAGO STOCK MARKET 2By the Associated Press. comj Q 0 INSac- Il the ] gt meysuiivess ueamy.n snns BN, s mians P o 300 Fabrics Finish 14 Ped Elec 65 25 Fed Elec s 0 FutzSimmons’ & Con! Mach SNy Ha i s el & "B s ai0g tneutt g0, b ris. irem ) Goalt by-McNe! 80 Lincoin Print . 50 Lincoin Pt bl 210 Lo ok 380 Loneh cor 13800 Masestic hat De; SN a e e SRESEEE 50 brocess. Gorp' 40 Public Sery n B 10 Qui luu muro-a Bh . ath Pack 30 Faytheon v 50 Roilins Hos . 100 Sangamo Elec xd W YORK CURB MARKET stocks are seld those designated by which shows ~Prev. 1930.— Stock and High, Low. Dividend Rate, 23% 10 Aero Underwriter: 9 3% Alr Investors vte 23% 154 All AmGen Corp. 15% 110 Sales— Add 8 Allled Mills (60c) 105% Alu Co of Am pf ( 30 Am Capital pt (3) 35% Am C P&L (A) (a3). 12% Am CP&L B (10%)., 204 Am Com P A (b10%) 17% Am Cynam B (1.60). 3 Am Dept Stores. ... 124 Am Equities 38% Am For Pow (war) 104 Am Gas & El (31) 7% Am Invest Inc (B).. 52% Am Lt& Trac (2%). 45 Am MfgCo (4)......150 1% Am Maricabo. 59% Am Meter (new). 7% Am Natural Ga 20% Am Superpow. (1) 87% Am Superp pf (6) 94% Am Superpwr 1st 3 Am Thread pf (25c). 13 Am Transfor (1.40). 1258 7% AmU &G Bvic40c.. 24 6 Anchor PF (b10%). PR -4 113 13 101% 3! 2 15% el 8% Arkansas Nat Gas. 814 Ark Nat Gas (A). 46 Armstrong Cork (1). 901 Asso G & E pf (5) 5% Asso Elec Ind (30c). 29% Asso Gas & Elec. 301 Asso GE A (at2.40) 1 23 Asso Rayon. 38% Asso Rayon pf (6). % Atlantic Fr & Sug. . 8 Atlas Ut Corp. ... 2% Auto Mus Inst (A). 9% Auto Vot Mcv pf pt 24% Aviation Cor of Am 120 Babcox & Wil (19).4 24 Bahia Corp. 1% Bahia Corp pt 146 Bell Tel of Can (8). 28 Bickford's Inc pf 6% Blue Rid aRmaR=Eae * 14% 17% 65 -Il K 157% = » N EeeBel i amnBaa «Burma Corp Hfllcy 214" Butler Bros (30c) : Cable & Wire A rots = 20 CentHG&En8oe.. 25 Cent Pub Sve A al.75 4% Centrifug Pipe (80c) 17% Chat Ph Alnv (50¢). 17% Chem Nat Assonv. 24% Citles Serv (g30c) 88 Cities Serv pf (6) 11 Clev Tractor (1.60) 3% Colon Oil 5% Col Ofl & Gas vt 31 Col Pict vte (f1% 234 Com Edison (8) 314 Com & Sou war. 11% Com Wat Sv (b6 75 Comp Hispano (87¢c). % Comstock Tunnel. .., % Consol Auto Merch.. 1 Consol Cigar (war).. 90% Cons Gas Balt (3.60). Consol Laundries(1) - = Som EL-TE- - PSP P PR 5% Creole Petroleum. .. 16 Crocker Wheeler. 30% Cumberland P L 118. 34 Cuneo Press (2%). 1% Curtiss Wright war. 10% Darby Petroln (2).. 11 Davenport Hos (2). 2% Dayton Alr & Eng. .. 664 Deere & Co (m1.20) S R (A) (33). 81% Dress SR ML B (3% 51 Driver Harris new.. Duke Power (j15) Duquesne Gas Cp 2% Durant Moto; 18% Kast St Pow B (1) 381 East Util Asso (2). 12 East Utll Assocv. 7 East Util Inv (A) 7% Eisler Elee (1 70% Kl Bond & 8h (b6) 108% 131 Bond & 8h pf (6 92 El Bond & Sh cu pf b. 19 - Elec Pow Asso (1). ., 16% klec Pow Asso A (1) 8% Kl Pow & Lt op war. . 6 Empire Cotporation. 11% Empire Fire ins. . 22% Employ Reins (1%). % kngineers Gold 12% Europ & Ltd A (60c) 3% ldurop Klec deb rts. . 1% kivans Wallow Lead. 2 Fabrics Finisning & Falcon Lead. .. 16 IFederal Screw (3) 1% Fageol Motor. . 14% Kiatrets (1.26).. 4., 14% Klintkote (A) (1%). 18% Kokker Aircraft.... 28 ol Kord Mot ¥ 10% Kord Mot Ltd 37 e 214 Kox Theater Cl (A) 14% Franklin Mfg (2).... !w-. Galena Oil Corp. . Alloys (¥0e) . RN RN NG e 1 120 15 10% Gen E Ltd ret (bve). 18% Gen Empire Cor (1). 1 74 GenG&EcvpfB (6) 50s 75 Glen Alden Coal (8). 2 9 Globe Underwriters. 2 2% Gold Coin (new).... 12 1% Gold Seal Elec new. 2 % Goldfield Consol...., 1 15% Goldman Sach TC.. 37 115% GrA &P Tpe (7). .. 90 Grief & Brpf X (7).. 268 8 Guard Fire Asso (2). 2215 Guenther Law (2)... 1 116% GultOllof Fa (1%). 6 % HappinessCandy.... 3 Hollinger Gold (60c) 35 Horn & Hard (2%). 13 Houston Oil of Te: 7 HudsonBay M &S.. 78 Humble Ol (2)...... 8% Hygrade Food Prod. 18% Imp Oll of Can (60¢c) 19 Ind Fin ctfs (b10%). 60 Indus Fincv pf (7). 61% InsCoN Am (13) 11% Insurance Sec (1.40). 4 % Intercontinent Petn 2 17% Int Petroleum (1) 11 30% Internat Super (f1). 3 34% Int Utilitles A (3%). 6% Internat Util (B).... 12 . Irving Alr Chute (1). 41% Johnson Motor. 35 Lackawanna Sec (3) . 21% Lane Bryant (2). GRAIN MARKET CHICAGO, September 10 (Special) — | Wheat trade was active in the final hour, selling by Eastern longs being the feature. Canadian farmers marketed 6,030,000 bushels of wheat on Tuesday. Closing prices were 1 to 1 higher. 5 4 1 9 11 10 2 16 6 258 2 385 c8a 85 o > 26500 COhie. Ry Rue’seiai’ c Ry ¢ Bond_sales today, §63,000. SCHULTE'S NET UP. Schulte-United 5 Cent to $1 Stores, Inc., for August reports gross sales of $2,100,164, against $1, 'm,an for August, 1 29, an increase of $386,651, or 23.0 per For the eight nwnmn ended A gust, 1930, sales egated $15,910,520, ainst $9,243,921 for the corresponding firglod last year, an increase of $6,666,~ or 72 per cent. SILVER QUOTATIONS. . NEW YORK, levumbtf 10 (#).—Bar * silver, 36%. September, 83';; December, 88',288% ; March, 92%a02'; May, 95%a05%. Corn closed % lower to ¥, higher. September, 97; December, 9213892 ; March, 94a94%s; May 96a96); Oats were 'y to Y4 higher. Septem- ber, 39; December, 423/4-41 %s; March, 447 lny, 46%, s e PARIS BOURSE PRICES. PARIS, September 10 (lfl—"l‘l’ldm‘ was quiet on the Bourse I Three per cent rentes, 89 francs 45 centimes. Pive per cent Ionn 101 francs 50 centimes. Exchange on London, 123 francs 82 centimes. The dollar was quoted at 25 francs 47 oemlmu. The South Am:nn government has started an cconomy campaign in fte railway shops. e e o letter u- g nd 't " (-nnl;] e 13% Le(conrt Real 11.85 1% Leonard 20 Liberty Dairy Prod 1% Lily 'ruup Cup (1%) those stoeks to be sold in odd lots Open. 1 % N 32w 12% 4% 4% 16% 24% 18 Marconi Mid Utd NatB& Neet Inc 0 Am U Novadel Premier Pure 0il Rlcn 0il Saxet C Schulte Selected Starrett Starrett Utd Dry Nevada Cal Elec. Newmont Min (f4).. N Y Rio & Bu Aires. . Niag-Hud Pow (40c) Niag-Hud Pow A w.. Niag-Hud Pow B w. Niag Shar Md (40c) Noranda Mines (2). NowAm Aviat A war, NoAm L & P pf (6). Roan Antelope Min. ., Rock Lt & P (90c). .. Rossia Int Corp. ... Russek's 6th Av 1.60, Ryan Consolidated. . Safeway Sors war 2d St Regis Paper (1).. Salt Creek Prod (2).. Seaboard Util (60¢). Sec Corp Gen (40¢) .+ Seg Lock & H (50¢).. Belect ind pe (5%). . Shenandoah Corp. .. Shenandoah Cp (a3). Solar Refining. .. 8o Cal Ed pf B 41%). 8o Cal Ed pf C (1%). Stand Oil Ind (23%). stand Ofl Ky, (11.80) Stand O Neb (131%).. Stand Stlver Lead. .. Stein Cosmetics. Stern Bros (3) cm Strauss Roth. g Sunray Oil (40¢), Swift Internat (27) Syrac Wash M B (1). mpa Electric (32). Technicolor Ine. . Teck Hughes (80c Texas Pwrélit pf Tish Realty & Con. .. Todd Shipyard (4).. Tran Con Afr Tran. . Trans Lux DL F §.. Tri-Cont Corp « Tri Utilities (31, Trunz Pork § (1.60). Twin St NG A pt (1), Ungerieider ¥ Corp. . Utd Corp (war Received by Private Wire Direct to The Star Office oil,. 112% 107%"Long Isl Lt pf (7). MacMarr Stor Mapes C Mfg (13% 1) I Mar (38¢). jon Steam Shov.. Util AsSo...... Mavis Bottling. Mead Johnson(11%) Memphis Nat Gas. Met & Min Inc (1.20); Met T Co pt pf 13% Met Chain Stores. . Mexico Ohio Ofl Mid St Pet vte B, Mid W St Ut (1% Mid West Ut (b8%) Mid West Ut A war. Midid Nat Gas A 1.20 pLA (3). MoKanPL (b10%). Mo Kan P L vte Moh H P 2d pf (7). Nat American Co. Nat Aviation. .. Sh cp 50¢. Nat Casket pf (7) Rub Mach (2). at Screen Sv (2)... Natl S T Sec A f50c. . Nat Transit (1) Nat Union Radio. cv A (1.60). 70 1 t1st pf (6). Nor & So Am Corp A. Nor Europ Oil Corp.. Nor 8t Pow A (8).... Nor St Pow pf (6)... -Agene (3).. Ohio Copper Oilstocks Ltd A 50¢ Outboard Mot (A) Pac Light pf (6) 157% 101 35 Pandem Oil. Pantepec Oil Paramount Cab Mfg. Parke Davis (11.65), Pennroad Corp (20¢) Peop L& P Aa240.. Pepperell Mfg (8) Perfect Circle (2)... % Philip Morris Inec. . Pie Bak of Am A (2 Plymouth Oil (2). 1) Gold (24¢).. Prince & Whit (25¢). Prudential Invest. .. Pub Utll Hold w w Pub Ut Hold (war) . Pt (6) Rainbow Lum Pr A.. Rainbow Lum Pr B Reiter-Fos Reliance Int (A). nee Manag Cllnf(l“) - S Cod SeuaRman~N n'Bo-31 8t.. Industries., » PPN PP 25 Bk Corp. .. Curp pf (3). KU RO C NN R OO ARG~ a Doc! Utd Found Utd Gas Co (new) Utd Gas Utd Gas (war)..... pEaT)... Utd Lt & Pow A (1). Utd Lt & Pow B (1). Utd Lt & Pow pf (6). Utd Milk Prod pf. ... 2! Utd Prof Sh pf (7). U1d Shoe Mch (M‘a) 4 U S Dairy (B) U S Elec U 8 Foil Pow ww. (B) (1) US Lines pf (1).. U S & Ov Util Pow & Lt a1)., Utility & Ind. 110 15 5 ersens war. Utility Equities Vacuum Ofl (4). Venezuela Petrol. Vie Finan Cor (40c. Vogt Mfg Co (2) Walgreen Co. . Walker (H) (1) Wil-Low Cafeteria. . % Zouite l'roduets (1). RIGHTS, Ins Coof N A..Oct | Insull Util. . insull U So N Eng Tel Zonite P rates in dollars based on last tPartly extra b _payable in stock. g Pius 6% m stocl Dividend | payment. “Ex dividend. cash or stock. | 8+ tn" stock. K Plus 4% 245 September was 831%; March, #2%; May, 95%. Liverpool closed 5 December, 88 higher to % }ower Liberty Russian offerings in the | late trade caused shorts to cover. Trade | at the seaboard was reported quiet. Liverpool advises buyers are waiting to see the Canadian government crop esti- mate, to be issued late Wednesday. be- fore making new commitments. The Winnipeg Free wheat crop for the three western provinces at 336,000,000 bushels, com- red with 282,000,000 bushels harvested ast year. Traders seemingly are pay- ing no attention to the political situa. tion in Argentine and are in anticipa- tion of the United States Government Spring wheat estimate, to be issued late today, local crop experts are forecast- bushels. TLocal receipts were 13 cars. Minneapolls wheat stocrs _increased 925,000 bushels for f. Y- The weather map showed light bre- cipitation over the Canadian west and our Northwest, with heavy rains in the Southwest. ¥ ing an average yield of 237,000,000 new French theater owners have just de- | ided that silent films are passe and' that talkies are here to sta; Expire. 15 .Sept 15 32 In pf.Sep 16 30 ‘oe 1 1 Oct 1126 % auarterly or semi-annual 3PN Adiuttment aividend: ?’f-u'.‘: us 1% in stock. § Plu m Plus 3% rod. . n 10% n siock. in “stock. n Plus NEW YORK BANK STOCKS NEW YORK, September 10 (#).— Oer-the-counter market: Bank Stocks. Bid. Asked. America ot P i Bank of U.'S. uniis. .o a2 Broadway Natiopal, . i Press estimated _ the | Kifrim Bankers Central Hanover Chelsea Bank & Ti Ghemical Bank i or United tat Westchester Titis & ‘Prist. Lehigh Purtllnd Cement Co. NEW YORK, September 10 (#). — Lehigh Portland Cement Co. reports net profit of $1,534,477 for the year ended 3! August 31, equal to 16 cents a common ! chare -after. preferred dividends. The company e:rned $4.81 a share on the common in the previous year. REPORTS . INDICATE BUSINESS DEPRESSION HAS HIT BOTTOM business e e fnancial and bustness circles in in- financiers ha been considerably chagrined at lhflr [ | ready acceptance of the seasonal upturn Al 23 Alabama Pow 85 Alabama Pow 55 '68 1 Aluminum Co 55 Am Cm o 3810008 . 25 Congum Pow Was o1 3 3 6Cont G & E 55 A " 30 Gontinen Of1 548 26 Crane Co_5s '40....101% 2 Crucible Steel 55 '40 1014 Gudahy Pkg 5126 37 Det C Gas 55 A "41. a8 Duau Gi S Bast UHL Thv 85 A g EI Bost 85 A | 1 Paso Fire: 8 FisE Ruber n'f.l 20 Florida P & L & Intersta ‘pow 8 ‘57" 1 %:le"ln Pox 8:1‘52 a7 xw 40 lnwl-arb L &PSs '57 Laclede 12 Lenien P!IIAIOH :Libb o35 .8 3 Mecord 3 Manitoba Bw s' 74 Massachu a: A mvnc snl “’;,' 31 lnz’ 1 Baden Con Mn 75 'n e ‘om Bk 37, 8 Coban e Tios s i 10 "3, IX 9945 2 Nippon 10 Parana Brasi] 7 Can 4 5 Saar Basin Con 75 4 Santinwo Chile 7s '61. 7 Terni Soc 6x A, 83, 83 3 Unit Tndust 635 41, W P When tssued. BALTIMORE STOCKS. Special Dispatch to The Star. Seles 3 130 Arundel Corporation 19 Appalachian Corp 50 Baltimore Trust Co. 103 Black & Decker com 3 3C & P Telephone Balto pfd MU S Pidelity & 10W B & A Railway com.. BONDS. 7000 United Rwy & Elec lst ds. €000 United Rwy & Elec hu'mne ‘s 2000W B & A nmmuy 18t 5 TREASURY CEBTIFICATES (Reported by J & W. Seligman & Co.) Bid. Germany has placed a tax on unmar- ried persons. early in the year as evidence that busi- ness was once taking the high road to P Ity after only momentary inter- ‘They are not disposed to risk their reputations by venturing forecasts at this time, when the business upturn may be only a temporary, normal Autumn trend. Length of Depressions. The economic history of the past 40 years, however, shows that downswings in business have normally lasted from one to two years, from top to bottom. Few have lasted much more than a year since the turn of the century, and the average is about 15 or 16 months. The recent downturn started in e, 1929, so more than 14 months have al- ready elapsed. This record, the op- timists have in their favor. Among the more cheerful reports to appear recently is one today from the head of Interstate Department Stores, which opemv.e: a chain of 33 stores, mostly in important industrial cities. Chain stores generally reported further declines in August sales to the lowest levels of the year, but the latter part of the month appears to have been more favorable. President L. G. Feder- man of Interstate explained, “Improve- ment started about the middle of Au- gust, as a result of increased pay rolls in practically all of the 33 cities in which we own stores.” Reports from the company’s district managers are stated generally to indi- cate 1mpmvement, Of three automotive plants in Lansing, Mich., one, which does a large export business, reports better orders from abroad than at this time last year, and is stepping up its production from about 25 per cent of capacity to more than 80. Another com- pany, which has been operating around 20 per cent, is planning to treble its output shortly, and the third is plan- ning substantial expansion. Gain in Employment. ‘The General Electric plant at Fort ‘Wayne, Ind, according to the store chain’s reports, is employing 70 per cent of a full force, dgainst 55 per cent a few weeks ago. Diversified factories in and around Springfield and Dayton, Ohio, and Muncle, Ind,, which a few weeks ago were¢ working around 35 per cent of capacity, are now up 50, and said to be gaining steadily. Similar re- yons from other cities say that manu- acturers generally plan to increase operations substantially. Another, more extensive, survey has been made by Electrical World, which has telegraphically asked public utility executives in all sections of the United States for their opinions as to the busi- e pabilc taday, Shows that thes made pul A executives almost report that the worst of the depression is over. Their optimism, however, is somewhat qualified, for improvement is expected ™ e huubet.llo:n :I-u four general ul eonclul%n the replies, which fol- .Commodity markets show a Alltht!y improved tone, indicating that the commodity price decline has prob- ably been checked. 2. Wndg‘““fly ;mninz nnd despite the t cong ex- pn-ny lines, it would take only 111:: improvement in a few basic ones duce buying of materials and equip- "! Most factors point to a slow and rather painful upward trend, with grad- ually increasing momentum. "4, Savings banks are building up deposits and have plenty of money for expansion.” Recovery in Industries. Industries listed by utility executives the most npld recovery in New England—8ilk. Atlantic States—Shipbuilding, oil re- fining, chemical. yflddle mm—-!ulldlnl. wire drawing, m, gasoline pumps. live stock, ‘West—Food, agriculture, railroads. South—Automotive parts, furniture, steel and steel products, building. Queried as to developments in_their own field, the electrical power heads submit reports which are summarized as follows: “l. An aggressive campaign for commercial and domestic business has brought gross and net revenues up to or -bove 1920 levels, despite heavy decreases in power sales. “2. The utilities have spent and are continuing to spend budgeted money for generating ange transmission facilities to be ready for renewed power demands. “3. They have inoreased the volume of appliance sales. ‘4, They have not attempted to economize by curtailing sales activities, and their balance sheeu prove the wis- dom of this policy. Gain ln Sales. ‘The mnjomy of these reports show substantial nns in sales to domestic users, some running as high as 25 per cent. Decreases were particularly in high power sales to industry, in one case 24 per cent. As result of the de- pression, only two reduced their trans- mussion expenditures, and only one curtailed its substation and distribu- tion program. There was no unanimity as to what effects lower commodity prices were having on utility costs. DIVIDENDS VOTED. P 'The Virginia Public Service Co. has declared a 13 per cent dividend on the 7 per cent preferred stock and a 112 per cent dividend on the 6 per cent pre- ferred. Both are payable October 1 to stock of record September 15. REGOVERY IN STEEL INDUSTRY IS SLOW Trade Sources Expect Bet- ter Business to Develop in Near Future. By the Associated Press. NEW YORK, September 10.—Seasonal recovery in iron and steel, although confidently expected by the tl’lde. s slow in materializing, Age will say wmm orrow in its weekly review cof m ustry. “Demlnd for finished steel thus far this month has been moderately larger than in the corresponding g:n of Au- gust,” the review states, t nothing resembling a broad buying movement has set in and the persistence of dis- cordant market tendencies continues to obscure the outlook. “Curtailment of pig iron production, which, according to complete returns, amounted to 4.6 per cent in August, is apparently still under way. ‘& net loss last month of five active blast furnaces, of which four were steel works units, four additional furnaces have been taken out so far in Septem- ber, three of them steel plan! “The evidence of an HnChItkEd de- cline in the pig iron requirements of steel producers is in sharp contrast with the increase of 5.5 per cent in steel ingot output in August and the further gain this month indicated by current esti- mum Yet present ingot production is fully ;’)er cent of today's capacity lv:hich Il to 4 per cent larger than the total emcilny reported at the close of 1929) and 1 /:‘?er cent higher than the average for last month. “An increase in miscellaneous orders for steel indicates a revival of interest on the part of consumers who have not been in the market recently. Some for~ ward buylng has also developed, particu- larly in light rolled products, makers of which gave customers an opportunity to 't under cover at prices prevailing be- fore the recent price stiffening. “The customary Fall and Winter rail buying movement, even if smaller than a year ago,-is also relied on to im- prove mill bookings. The Reading has placed 30,000 tons and the Lackawanna 2,500 tons, while the New York Central lines are expected to enter the market shortly for 150,000 tons. A purchase of 305 freight cars and 11 locomotives by the Lehigh & New England raises the hope that the Fall will see more better- ment in railroad equipment buying, al- though large current surpluses of rol stock offer little encouragement.” Structural steel awards in the week totaled 34,000 tons. This is about the weekly average for the year. New projects, amounting to 12,000 tons, were the smallest since early in the year, but in the week before 71,000 tons of new business came into the market. unchanged, t for fin: %&142 cents a pound and pig gross ton. ‘The Iron Age composite remain d steel be- iron s Everything p you want intires- at a bargain price Riding comfort—because they are oversize and have liberal air 29 x 4.40 29 x 4.50 30 x 4.50 28 x 4.75 29 x 5.00 31x 525 29 x 5.50 32 x 6.00 LIBERAL toward a set of BALLOONS Chesley & Harveycuti t. N.| S. Kann Sons 606 New York Av 1445 Church St. Ourisman Chevrolet 610 H St. N.| Packard Washington 1126 20th St. Other sizes proportionately low ALLOWANCE on your old tires KELLY REGISTERED Barry-Pate Motor Co. 2525 Sherman Ave. N.W, 15th and You Sts. N.W. Crosstown Auto Supply Co. 1801 14th St. N.W. Fidelity Garage - 2304 14th St. N.W. Four Wheel Drive Co. 4 H S Haines Service Station 6503 Georgia Ave. N.W. Hilltop Service Station, I 4532 Wisconsin Ave. N.! Stanley Horner, Inc. 1220 19th St. N.W. Northeast Olds Sales & Service 64 H St. N.E. Olds Washington Co. * 1701 Kalorama Rd. N.W. Frank S. Pohanka Nw. All KELLY dealers capacity. Dependability and long service PRICE 5.53 6.20 6.30 7.40 7.93 9.73 9.93 2.90 hold the road. —because they are made extra strong and sturdy, with a deep tread of tough, live rubber. Traction and protection against skidding—because the tread de- * sign and compound make them KELLY Lotta Miles tires at the prices we are quoting are an unmatched value. by Kelly. ter Co,, Inc. Guaranteed for hfe by us and Simmons Motor Co. 1515 14th St. N.W, Sparks Garage 1126 21st St. Standard Tire & Battery Co. N.w. Pa. Ave. N.W. 924 H St. N.E. 1340 14th St. N.W. R. L. Taylor Motor Co. E. 1840 14th St. N.W. Trew Motor Co. 1509 14th St. N.W. ‘Warfield Motor Co. 1130 Connecticut Ave. N.W. Wisconsin Motor Co. 1063 Wisconsin Ave. N.W. Jerome Fancuilli, Inc. Co. 8th and Pa. Ave. Koontz Service Station 1301 Good Hope Rd. S.E. Lakeman’s Gasoline Service Station 915 Rhode Island Ave. N.W, Dick Murphy, Inc. 1724 Kalorama Rd. N.W. New York Avenue Garage Ei 640 Lee e. N.W. NwW. Sales Co. Motor Co, 1206 23rd St. Virginia Auto Supply Rosslyn, Va. Aero Auto Co. Alexandria, W, ne Arrington ighway, Cherrydale, Va. Arrington & Walker Cherrydale, Va. Va. Chas. Crump Alexandria, Va. Temple Motor Co. Alexandria, Va. Lustine-Nicholson Motor Co. Hyattsville, J. W. McNamee Hyattsville,. Md. Lawrence W. White Norbeck, Md. Wolfe Motor Co. Silver Spring, Md. , Md. are Independent dealers