Evening Star Newspaper, September 12, 1930, Page 15

F v IN NARROW RANGE Aviation Shares Psove Chief| - Feature in Dull Day’s Trading. BY JOHN A. CRONE. J Bpecial Dispatch to The Star. NEW YORK, September ' 12.—A gtrong and active opening on the New York Curb Exchange today soon was turned into a dull session marked by « ‘selectivity of dealings and Irregular “# price trends. " The early leaders of the upswing, public utilitles, were equally quick to move in the opposite direction, without, however, bringing about any increased offerings. Electric Bond & Share, for example, moved within a fraction most of the day. Niagara Hudson Power was inclined to move lower and so was American Superpower. A small decline also took place in Cities Service. Aviation shares in point of activity and strength replaced the natural gas jssues as favorites in the forenoon ses- sion, during which period tobaccos, i me cors, food stocks, especially bakeries, and specality steel companies, along with rails, contributed the most to dealings and price movements. Declaration of an extra dividend of 25 cents by Niles-Bement Pond was the . signal for buying of that security. w Each 5% shares of New York-Rio & -+ Buenos Aires will receive one share of i+ Aviation Corporation of \ which stock also attracted attention by its bid, through a subsidiary, of $2 a} mile for air mail in the South American « service. Irving Air Chute moved ahead as - Douglas and Fokker Aircraft inclined to heaviness. Dayton Airplane & Engine and Detroit Aircraft were little changed. s Although Wall Street today is filled with merger rumors in the natural gas field, neither ficor traders nor the tape seem to be so enthusiastic for the moment. Dixie Gas Utilities opened : down 2% points. Missouri-Kansas Pipe ' Line got down about & point. Bear pressure was exerted against American Cyanamid B, forecasting the omission of both the A and B quarterly + dividends due at this time. The advance in the retail price of cigarettes effective here Monday next * caused some interest in the tobacco shares. The rails did not give any in- dication that a bear drive was to be launched against them, as the street predicted. Bakery shares were & strong spot in * the - food division. General Baking Corporation preferred was up & point s and American Bakeries A rose 1%. *T Some of the food distributing com- % panies, however, were less fortunate. » Willow-Cafeteria preferred, for instance, broke 15 points. Steel specialty companies also came in for increased atiention. Dresser . Manufacturing B was up 1% and Cooper-Bessemer rose a point. New issues admitted by the Curb to- day inciuded North American Match Corporation and Power Securities Cor- poration certificates and preferred stock. . " CHICAGO STOCK MARKET By the Associated Press. CHICAGO, September 12.—FPollowing is the complete offitial list of transac- tions in stocks on the Chicago Btock ", Exchange today: Ser pi b Ut “pai 2., 38 B S Trad Burpnam Trad pi. 400 Butler Bros.... biL 98 ’l% I 2 31% F- 2 3 (3 25 10 45 & 00 Ce 7 1850 Cent Pub Serv A 300 Cent & 8o West. . Cent & So West pi Sz SRNNRSSLRE 150 - 14700 2750 x 4850 Chic Investors. 1050 Chic Iovest pf. 65 Cheo Rys Ser '3 ) Cities ice 3 Comwith Edis... i i use Ut rborn 109 Meadows %300 Mid West 150 Mid Ve ighan roe Chem 'pf. gAn_Litho. Mot Spec. h 150 Parker _ Pen Vg 200 Penn Gys & Bi...s 207 Polymet ? &n9 Pracess Coip 107 Quaker 35" Ratlroad Sn o i Btock sales today. 277,300 shares, BONDS. 6000 Insull Util 65 '40 1000 chi gty Ry s 1007 Cht RY ¢ 2 Bovd sales today, $8,000. Setiss TREASUiY CEhTIF!éATES. (Reported by J. & W. Seligman & Co.) Maturity id Gffer 100 14-32 INANCIAL. CURB PRICES MOVE || NEW YORK CURB MARKE % | lowing is a summary of important cor- ~Prev. 1930.~ High. Low. 50% 30 4% 3214 3018 20% Note—All stocks are sold in one hundred-share lots exceptiing those designated by the letter s (80s) (250s) 'h shows those stocks to be sold in odd Jots only. ~Prey. 1930.~ Stock and Sales— Low. Dividend Rate. Add 00. Open. High. Low. % 10 Aero Underwriters.. 12% 124 31 Afr Investors vte. ... i 314 Amer Austin Car. .., 5% 26 Am Bakerles (A) (3) 281 3% Am British & Cont. .. 4% 20'% Am Colortype (2.40), 27% . 20% Am Com PA (b10%) 1 6 Am Capital (B). .. 30 Am Capl ptf (3 12% Am C P&L B (109 17% Am Cynam B (1.60 3 Am Dept Stores. 1214 Am Equities. 38% Am For Pow (war 104 Am Gas & El (31). 7% Am Invest Inc (B)... 52Ty Am Lt & Trac (2%). 29% Am Maize Prod (2) 1's Am Maricabo 714 Am Natural Gas. . 102% Am Pub Sv pf (7). 2014 Am Superpow (1) 94% Am Superpwr 1st(6) % AmU&G B vic 40c.. 1% Am Yvette new wi... 6 Anchor PF (b10%). 8% Appalachian Ga: 8 Ark Nat Gas (A). 9% Art Metal Works (1) Liberty Loew's EU Long Is! Man-Bo Mesabi 50% J29% 815 624 34 Met Cha 1291 § Mid StT 813 6214 11% & Mid Roy Monoga Morrisos Mo Kan Mo Kan & Murphy NatB& Nat Lea \at Uni “orp. G evada 2% Atlas Utilities war. 24% Aviation Cor of Am.. 2% Bahia Corp. .. 1% Bahia Corp pf. .. 45% Bancom Corp (1.60). 146 Bell Tel of Can (8). 34 Benson & Hedges. .. 64 Blue Ridge Cp (40c). 33% Blue Ridge cv pf a3 2915 Brazil Tr & Lt (h2) 2415 Buff N&EP pf (1.60). 8t Butler Bros (30c) 1% Cable Radio T vte Ty Cable & Wire A rets, 15 Cable & Wire B rts. 3% Cab & Wire pf(9%c) 3% Canada Marcont. ... % Cdrib Syndicate Carnegie Metals. 26 Cent Pub Sve Aal75 19 CentStEI (k40c).... 4% Centrifug Pipe (60c) 213 Chain Store Devel... 17% Chat Ph Al nv (50c). 10% Chicago Corp (The). 243 Cities Serv (g30c)... 18 88 Cities Serv pf (6)... 11 Clev Tractor (1.60) 5% Col Oil & Gas vtc. . 24 Columbia Pic (115 31 Col Pict vte (f1%).. % Colombia Syndicate. 3t Com & Sou war.. % Comstock Tun- el 11% Com Wat Sv /06%) 1% Consol Auto Merch. 3% Consol Coper. .. 12 Consol Dacy Pr (2). 90% Cons Gas Balt (3.60). 21': Cons Gas Util A 2.20, 10 Consol Laundries(1) 313 Cons Royal Ol (30c) 28 Cooper Bessemer (2) 5 Copeland Prlnc A 6 Cora,Corp. 19% Corp Sec Ch (b6 28 Cosden Oil 5% Creole Petroleum. .. 15 Crocker Wheele 1% Curtiss Wright 11 Davenport Hos (2). 2% Dayton Afr & Eng 651 Deere & Co (m1.20) 3 Detroit Alrcraft 231 Diamond Match w.i. 25% Diamnd Mtch pf w. Dixie Gas & Util. ... 12% Douglas Air (75¢)... 81 DressSR (A) (3%). ‘s 31'4 Dresser Mfg (B) (2) 140 Duke Power (j15)...1000s 4 Dubilier Cond & Rad. 1 Dugquesne Gas Cp wi. Durant Motors. v Duval Tex Sul w! East G & F Asso. . East St Pow B (1) East Util Asso (2). Eisler Elec (1%). El Bond & Sh (b6) El Bond & Sh cu pf 5. £1 Bond & Sh pf (6). Elec Pow As50 (1)... Elec Pow Asso A (1) El Pow & Lt op war.. Elec Sharehold ($1). Emp P Ser A (a1.80) s Wallow Lead. Ex-Cello A & T (80c) Fabrics Finlshing. .. Fairchild Aviation. . Faicon Lead Kiatrets (1.25) ..., Flintkote (A) (1%). Fokker Alrcraft, ... Ford Mot Can A t1% Ford Mot Can B t17% Ford Mot France 28¢ Ford Mot Ltd 37%e. Foundation For Shs. Fox Theater Cl (A).. Garlock Pkg (1.20) Gen Alloys (80¢c). . General Baking Gen Baking pf (3). en £ Ltd ret (50¢). en Empire Cor (1) en G&E cv pf B (6) lobe Underwriters. solden Center. ..., Goldman Sach T C Goth Knithack Mch. Gulf Oil of Fa (1%). Happiness Candy Heyden Chem (2) Hecla Mining (1) Houston Oil of Tex, . Hudson Bay M & 8. Humble Oil (2)...... Imp O1l of Can (50¢) Imp Oil.Can reg (50c) ind Fin ctfs (b10%) . Insull Util Inv th9% InsCo N Am (13) Ineurance Sec (1.40). Intercoast Trade (1) Int Petroleum (1)... Internat Super (f1). tie Y Pet Y Rio N Y Tel or Am Xordon 0 5 Nor St F - o Outboar @ Paramo: Ferfect - Pie Bak - Plym Power S Power S Pratt & Prudent! Pub Util T N e O - - LT IS oy - s PACPA IR JUPTUTe, Reynold ernhafel Selected She: & Sherwin SW Bell Stahl-M; Stand ! Stand Hy Stand O Stand O Starrett Starrett auss echnic mken Tran Co Trans L Triplex Il nz P win St Unien T Utd Gas 1td Gas Utd Gas ® o2 pomanmm poRarmsn U 8 Foil IS & In ) Tt Ver Iilit Ity Vac POPCURNTPIITTRIIVTRG - JOT0N - JOTOPeY ;PN Walker Watson West Au Worth 1 2 Iron Cap Copper. ..., Irving Alr Chute (1), Italian Superp war. . Kirby Petroleum. . Kleinert Co (1.60)) 3% Lakey Foundry 21% Lane Bryant (2).. 13% Lefcourt RReal 11.85.. CORPORATION REPORTS ent. Ex dividend b _payi £ Blus in_stock. about 500 additional workers monthly. ‘ American Department. Storee carned |1 cent common s 1 oAJuly " are in six mont returus Radio Tube current daily | | output. 800. against 180 in July. | { American Safety Razor reported | Plants oprrating overtime _coincident NDS o vith introduction new G ic TRENDS AND PROSPECTS ‘or | Fazor and biade. " e mocpoRAtec | LEADING GRGANIZATIONS | pAutomatic Washer reduced quarterly | preferred dividends to 25 L b 0 25 cents; pald 50 NEW YORK, September 12.—The fol- | subsidiary Pan-America ; it ican_Afrways. bid poration news prepared by the Standard | il smnfr;yr ;\nr::fr'fl-';nm:f;m].‘ff k‘;svl'cl;- Statisties Co, Inc., for the Awmlflm‘ongolbmbi bmiticd 3 4 | umbia Graphophone yo e | 1dend 47 ‘cents. on’ American shaves: Dividend announcements are again | last payment, 28 cents May 28. ? prominent in the day's ne Smaller | Columbla Pictures makes booking dividends were declared by Automatic | agreement with Warner Bros. Pictures Washer and Wolverine Tube, Rights to | Consolidated Retall Stores' August purchase common stock at $20 a share | sales off 10 per cent; eight months, up are to be offered by Loudon Packing. |46 per cent over year ago. Had 30 All the day’s earnings stat»ments make | Units August 31, against 29 year ago. Ppoor contrast with a year ago. | . Cresson Consolidated Mining & Mill- Notwithstanding weakness in retail | Ing had deficit $10,333 estimated in gasoline prices in some sections of the | first half, against profit $10,887 year country, prices in Chicago wholésale | ago. market continues to advance. United Detroit Steel Products declared divi- States Motor Gasoline in that resale dend 35 cents on common stock; paid market is currently quoted at 6'%a6% | 25 cents last quarter. cens a gallon, compared with 5%a6 Gillette Safety Razor re-orted plan- cents on August 26 snd 53a6 cents ning sale $20,000000 5 er cent de- September 2. The writ of* prohibition | bentures; proceeds for usé in proposed obiained by Julian Oil & Royalty merger with Autn Strop Safety Razor against Oklahoma Corporation Com- | Interborough Rapid ~Transit Dahl mission’s proration order his been va- |group reportfd considering general plan cated by Oklahoma Supreme Court. ;‘lflvg\’sfll;lld.l:.ln? rapid transit lines: in- é b unicipal ownership and control, The Companiés. 'but operation and nnmn%m; by new American Brown Voveri Electric em- corporation. barks on expansion pi requiring Interstate Hosiery Mills branded line Stock'and Dividend Rate. Leh C&N n (1.40) % Leonard Ol Lone Star Gi Memphis ewberry (JJ) 1.10., Newmont Min (£4) Ohio Copper. Oilstocks Ld <oy Orange Crush (1.50), Pac G&E 1st pf (1%4) Fac Pub Sv (1.30).... Pac Western Oil. Pantepec Oil. 1) Pennroad Corp (20c) 4 Perryman Philip Morris Ine. . Pilot Rad Tube (A) Pitney B P n (20¢). Pitts & L E (110) outh Ol (2) Prince & Whit (25¢). Prince & Whit pf (3) lities (31 Utd Corp (war) Utd Lt & Pow A (1). Utd Lt & Pow B (1). Utd Lt & P 1 S Elec Pow ww 8 Lines pf (1).... S & Oversens war. Jtil Pow & Lt (al) & Ind. ; Zonite Prod...Oct 1 dend rates in.doliars based on last quarterly or semi-annual 1Partly extra Aviation Corporation of the Americas | Received by Private Wire Direct to The Star Office Sales— Add 00. Oven. High. Low. Close. 8 39 39 39 39% Dai Tily Tullp Cup (1%) Inc war)..... n(1). 1d Lt (55¢) e Louisiana Lan & Ex. wman A 1% . Mass Util Asso Mavis Bottling Mayflow Asso (12 at Gas Iron Met & Min Inc in Stores. Pet vic A. . Mid St Pet vtc B Mid WSt Ut (1%) Mid West Ut (b8% Mid West Ut A a v ev pe (2). WPP pf 1% .100; n Elee (f1)., PL (b10%). PLvte. ..o Mount Prod (1.60). Co (1.60) Shep60c. .. ‘at Fuel Gas (1) \at Investors. th t Mfgs & Stores... 2 t Pow & Lt pf (6).2508 Natl S T Sec A f50c.. 5 on Radio.... 1 Cal Elec. s 3 2 6 20s Zine (2%). Royalty. . & Bu Aires P (6%)... 0 Niag-Hud Pow (40c) Niag-Hud Pow A w.. Niles-Bem-P (1 Noma K1 Corp (80¢). oranda Mines (2).. No Am Aviat A war.. Util See. Corp, Ltd 4 Nor & So Am Corp A. Pow pf (6). o d Mot (B)... @ unt Cab Circle (2). of AmA (2 E S MR R NRE N S m e ecurities. ecurities Lamb (15) ial Invest Hold w w. “ ‘Pub Ut Hold (war).. Pug SAP & L pt (5). Rainbow Lum PrA.. Rainbow Lum Pr B Reybarn Co. s In Roan Antelope Mt Safeway Sors war 2d St Anthony Gold. St Regis Paper (1). Salt Creek Prod (2) Saxet Co. .. Schulte Un Seg Lock & H (50c) 318t Industri Sel Ind all ctfs(4% Sentry Safety Cont doah Corp. Shenandoah Cp (a3). Shawingan W (214). Will pf(6) Silica Gel ctfs. . . 4 Smith (A 0) (2)..,.. So Cal Kd pf B (13%4). Southland Rey (1). Tel pf (7). S W Gas Utilities ver (1.20). ... &Sn(2.40). olding Corp.. Stand Inv pf (5%4s).. Standard Motor: il Ind (2 il Ohio (2%%). Corp..... Corp pf ¢ Stern Bres (B) ctfs. . Roth. ... Struthers Wells T.. Sunray Oil (40¢). Swift Internat (27) olor Inc. . Det A pf (7). n Afr Tran. ux DLFS.. Safety Glass 0). ties pf (3).. (1.60). G Apt(1). obacco. or So seAmtaYnaRnuRIanD eam—aoe Co (new). (war). pr(7) = (B) (1. t Sec 15t (5) de Ext (2)... Vie Finan Cor (40¢). G ). J W) Cao 1o S A ( West Mass Co (2% Wil-Low Cafeteria. . ne (A)... Expire. ..0etl 13* & Tel..Oct 1 1 40 1Plus 4% In stock able in stock. [ 10% a Payable in ¢ Adjustment dividend. f Pl h Plus 1% in st Plus in_stock ©, in stock. mPlus 3% in stock.-a Plus in "stock. reduced 50 cents dozen to $3.50. Kelvinator Corporation new low-priced refrigerator listing $159 50, current operations on five-day- week basis, with output 300 units dafly; to handle Stromberg Carlson and Bosch radios through factory branches. Loudon Packing to offer stockholders right to purchase 15000 additional shares stock, at $20 a share, In ratio 1 for 5 held; proceeds for restoration working capital. Noblitt-Sparks Industries August ngt | profit $84,5610 against $84,129 year agd. Otis Steel plans building continuous | mill for wide strips and plates which, with other improvements, will cost $5,000,000. ‘ Peperell Manufacturing earned $6.24 common share in year to June 30, against $10.32 in previous year. Scoville Manufacturing vorking schedules to be reduced with factory workers on 7-hour, 4-day basis, and office workers 4, days. Segal Lock & Hardware earned 48 cents common share in first half. A. O. Smith Corporation, work started canceled deals for over 100 theaters. ‘Time-o-Stat Control dollar sales dur- ing 1930 to date 13 per cent below year ago, “Jnllrd Dyewood earned 2 cents com- mon share in first half, against 27 cents year ago. Warner Bros. Pictures reported has jdend 25 cents and regular quarterly Wheatsworth, Inc., declares extra div- | idend 25 cents' and regularly quarterly dividend 25 cents on common stock. Wolverine Tube reduces qulmlgz common dividend to 15 cents; paid cents previously, é introduces| _NEW YORK COTTON NEW YORK,. September ‘12 (P).— Trading in cotton was comparatively quiet today with prices generally lower under some further liquidation or re- selling by recent buyers who were prob- ably influenced by relatively easy Liver- pool cables and the recent fallure of to broaden on the upturns. Small domestic consumption figures may have been a contributing factor, while there was some near month liqui- dation. There was enough trade or covering to steady prices at net de- clines of about 12 to 16 points, however, and the midafternoon market was quiet l“ rallies of a few points from the lowest. Cotton range: October, old. ] 22smERaRNE 2 <l 1 1 1 1 1 1 1 1 1 P 0. 0. 1. 1 1 1 1 1. 1 | BaszsRszy | GRAIN MARKET CHICAGO, September 12 (Special) — Grain trade in the final hour was quiet and featureless. There was a moderate rally on profit-taking by shorts. Wheat closed % to 1 _cent’lower. September, 81 to 81%; December, 86% to 862; March, 90%; May, 931 to 93. Corn closed 1'x to 2!: lower. Sep- tember, 937 to 94's; December, 8814 to 88%; March, 90 to 897%; May, 91% to 92. Oats were 1 to 1'4 lower. September, 3735; December, 414 to 41%; March, 431, to 4314; May, 44% to 44%. Lard was 7!2 to 10 cents lower. INVESTMENT TRUSTS NEW YORK, September 12 (A.— Over the counter market: Bid. Asked. Chelsea Exchange B i e | Investors Equities. ... Jackson & Curtis Invi Nation-Wide Secur Selected Am_Shar Others unchanges 3 Appalach Gas_ s 184 Appalac Gas 6s B '4 3 Appalach Pow 55 '56. 2 at Ry 22 Caterpillar Tr 58 1 Cent Stat Elec 55 13 Cent 8t Elec 5'as 2Chi Pn Tool 5%s 6 Cigar Str Re 55 A 489 Cities Service 58 1Cleve Elec Tilu s 1Cleve Ter Bld 23 Comdr Larabee ww 9% 0 Duquesne Gas 65 '45 943y 1 East Util Iny 8s A '54 770 0 Edis EI Bost 55 A '33 102 NG 613s '38. 115 10 Gen Vend fs ' A 1Gen Wat Wk 65834 85 er 55 '87101% 1 Grand Trunk 6'as '35 10812 20 Guif Ofl Pa S5 '37... 10373 A 56,100 100 2 Hudson B M&S 6s '35 1 3 Hllinois P & L 5755 '57 95 2 1lin P & 15 155 B '54. 103 1Indnep P&L 55 A '57. 1014 34, 9813 €.Jer Cen P&L bs B ‘47101 4 Lehigh P 8 65 A 2026. 106 L 5s "42.. 95! Lt'6s 45 10614 5 . A *Ahanvc00s 9T 2 Mid Stat Pet 85 A4 20 Mid West DUl 5 a2 10 7Mid West 1M West Uil 3% 3 a1ragans 48 Nat D 1Nat P § National Tea 85 " 2 Neisner Bros s '48. . 3 New Bng GAE 85 41 New Ene G&AE 5s '48. 4NY Fo'In 5158 48 ww 85 IiNYP & 4'25 '67. th Cali Southern N C 1 Southw Nut G 65 ‘45 9: N G 65 '45 XP 8 P&L 65 A 2032109 13 Stand Gas'& E 8 0 E & P 55 B Gulf 5x 65 '40 90 Sweringen 6s '35 97 abash b5 D '80.... 1017 aldorf-Astor s ‘4. 90 & Pw 55 '60. 10414 4w Tex UL 85 R '57 iscon P&L 55 E '56 110%% FOREIGN BONDS, 3 Aer Mg Bank Ts Baden Con Mn 75 B City, 65 11015 - THE EVENING QTAR, WASHINGTON, D. €, FRIDAY, SEPTEMBER 12, 1930. AND BOND AVERAGES - By-the Associated Press. FINANCI1AL. From Yesterday's 5:30 Edition. STOCKS. 50 Industrials. .169.5 * New 1930 high. (Copyright 1930. Atandard Statistics Oo.) POLITICAL UNREST AFFECTING TRADE U. S. Investments in South America Jeopardized: by Recent Developments. BY J. C. ROYLE. Political unrest in South and Central America is likely to affect. American foreign trade unfavorably, but so far imports and exports to the Southern Hemisphere have not been checked. Also, there is a general feeling among government securities and in business vestments, both in South American goverenment securities and in business ventures in the Latin American coun- tries, are in no way endangered. There is no chance that South American bonds will be repudiated, officials here say, and developments have shown a general care on the part of the successful revolutionists to protect American lives and property. The same is also true of English, Ger- man and Italian investments. Government Costs. It is obvious that financial consid- erations are more powerful as a con- trolling factor .than the Monroe Doc- trine or any other political policy. It costs money to run governments and those who have taken over the reins of power realize that overt acts af- fecting American investments, or, in- deed, the investments of England, Ger- many or Italy, would shut! off neces- sary credit and threaten the success of the movement they are sponsoring. American and British bankers have already joined in offering a loan to the Uriburu government in Argentina. E. C. Plummer, vice chairman of the ‘United States Shipping Board, declared today that he visualized no serious ef- fect on American shipping growing out of the uj in Latin America. Naval vessels are always in a position to rush to either coast of South Amer- jca should American lives or property be endangered, but the extent of the political changes was not considered threatening and no additional naval activities are expected to be needed. American shipping lines are continuing full schedule operations. In Brazil th:pfnoven which have taken Jace were anticipated as a result of the lpfll drop in coffee priges. Each side in the political situation there, however, is expected to use extreme care, espe- cially the fact that Brazil owes England large sums based on coffee and is de- pendent to no small degree for its pur- chasing power on its trade relations with the United States. It was by the use of money borrowed from English and American investors that Brazil was enabled to withhold coffee from an overburdened world _market and for a long time to peg the price. The coffee situation is also a crucial one in eight or nine other Latin American countries. American invest- ments in Brazil, according to Govern- ment figures, range between $580,000,- 000 and $640,000,000, of which the larger portion is in government bonds. Investments Large. German, English and American in- vestments are large in Bolivia, Peru and Argentina, and in_the last country the trade with Italy also is a prime factor. England is the main market for Argen tine beef. The crops there also are fac- tors in the wheat, corn and linseed markets. In Bolivia the British, Ger- man and American tin and non-ferrous metal mines in general are very exten- sive. Peru is dependent on the coun- tries named for the disposal of copper nitrate and other products. The speed with which steps were taken by the new Peruvian government to check any dan- er to the Cerro de Pasco mines, owned gy American investors, showed the policy which is likely to be followed by all these nations in dealing with for- elgn-owned properties. In no case has the nation affected by unrest ceased to be a “going con- | cern.” Revenues are coming in to the new governments as they did to the old. Disbursements are being made in a similar manner. (Copyright, 1930.) BAY STATE GROWS: ‘BOSTON, September 12 (Specfal).— It is officially reported by the Massa- chusetts Utilities Associates that, ac- cording to the 1930 Census Bureau re- port, the growth of population during | the last 10 years. of the territory served by the constituent companies of the Massachusetts Utilities Associates has been 14.14 per cent, as compared with | a 10.4 per cent growth for the State of Massachusetts as a whole. i U. S. TREASURY BALANCE. The United States Treasury balance announced today as of close of busi- ness September 10 was $36,503,845.66. Customs receipfs for the month to date were $10,002,660.49. Total ordinary expendituress $14,257,400.77. Organized 1879 JOHN JOY EDSON, President Assets .....,........$5/623,083.61 Sz ave Methodically! Regular saving insures a solid future! AUTOMAKERS SEE TURN FOR BETTER Increase in Retail Demand Held Not Due to Price Reductions. BY DAVID J. WILKIE, Associated Press Staff Writer. DETROIT, September 12.—For the first time since last Spring, when it be- came definitely evident that the indus- trial depression was to be more than a passing wave of restrained buying, ludel;,sj of the lwmm:buihl:’g&nryuze beginning to give out op ic state- ‘ments and supporting them with sta- to justify their more hopeful tenor. It is noteworthy that the increased retaid demand reported by .automobile executives is largely’ among the lower- price classifications. cident with Coing the increase in new-car deliveries come reports that sales of used cars by deal- ers also have shown a slight increase in some sections. The increased distri- bution of used cars is cited as stowing that the upward trend noted is not due entirely to price reductions recently an- nounc Says Tide Has Turned. Chiet among the companies reporting improvement in retail distrtbution have been divisions of the General Motors ration, like Chevrolet and Oak- land. Declaring that “inventories are practically depleted,” W. A. Blees, vice president of the Oakland Motor Car Co., expressed the ogl;lnn that the business recession has n due largely to a “buyer’s strike,” and adds: “The tide evidently has turned and S cl normal.” ‘With_announcement by the Packard Motor Car Co. of its new models, fore- cast some time ago with a price reduc- tlon on current production, there re- mains but one more new model in im- mediate prospect. When this is intro- duced it is probable that no more new models will come out until the National Motor Shows next January. So many new types have been brought out dur- ing the Summer, however, that the au- tomobile shows probably will present relatively few new models. 1t is one of the characteristics of the motor car industry that it never stands still; it always &rmnu or has in the! making something new. One of the | most recent innovations is the appli- cation of a Diesel motor to commercial truck and bus use. S by one of the industry’s pioneers, experiments have been conducted with a truck powered by a gur—cyllnder Diesel en- gine, with resulfs said to have been sat- isfactory in every respect. = Using fuel oil costing 4 cents a gallon, the truck has been driven with a load weighing 6,600 pounds from its factory in Michi- gan to New York, at an average speed | of 30 miles an hour and a total cost for fuel of less than $2. Plans for commercial development of the new motor have not been announced. Problem of Weight. One of the greatest difficulties auto- motive engineers have encountered in de- eloping the Diesel principle to the point where it could be applied to other than ! tationary power plants has been that | of reducing the enginels weight. The Diesel engine differs from the normal | gasoline motor chiefly in ‘the use of | crude oil and the fact it requires no ig- nition system. The tremendous heat de- veloped by compression causes the ex. plosions in the combustion chambers. The research laboratories of the auto mobile industry also are’ striving for | lighter weight in the normal gasoline engine. One of the leading engineers in the industry predicts the development of a metal many times lighter and of oreater strength than any now known to science. - “Merely putting on a new shape of radiator cap or larger hub caps is not going to fool people any longer,” he said. “There should be no reason why engineers today cannot build a mo- tor car that will weigh only two pounds for each horsepower developed.” EARNINGS SHOW GAIN. NEW YORK, September 12 (Special). | - Seaboard Utilities Shares Corporation | reports for the period from March 20, | 1929, to September 4, 1930, net gain from interest, dividends and realized profits amounting to $1,307,379 after deduction for Federal taxes and ex- penses. Total surplus and reserves on September 4 amounted to $361,399, in- cluding $137,553 in stock dividends and after deductions for October 1, 1930, dividend requirements of $197,223. | BANK CLEARINGS. | l'bl'EW YORK, September 12 (Spe- | clal).— | Today. A year ago. e i $913,000.000 11.191.000.000‘ or} ances . 133,000,000 209,000,000 | New York Fe Reserve Ban New clea New York bank rings . Equitle C-operative g. Ass'n WALTER S. PRATT, Jr., Secretary Surplus & Profits. Subscription for the 99th Issue of Stock Being Received credi’s ........ 127.000,000 195,000,000 50th YEAR COMPLETED veee..$1,755,911.57 Come in **% A15 WOMEN ADVANCING RAPILYINBANKING Largest Number Found in State Banks Located in Mississippi Valley. Special Dispatch to The Ster. YORK, September 19.-The increase in the scope and volume of women's activity in the world of affairs has resulted in a steady mounting in the number of women of official status in banking, it is declared in an article by Dorothy Thorne Fullerton of the Institute of Women's Professional Rela- tions, appearing In the current issue of the American Bankers’ Association Journal. It is no longer unusual to find women among the officers of banks, she says, but few facts have been avail- able as to the number holding - ble banking positions, the kinds of work they are doing or the degree of success they have experienced. “An analysis of a group of 3,619 women officers of banks in all parts of the United States was recently made by the Institute of Women's Professional Relations as a step toward assemblintg some authentic data,” the writer says. “This analysis does not include the total number of women bank officers, but affords a basis for intelligent discus- sion.” In general it is noticeable that women officers are to be found more often in the smaller institutions than in the great city banks, which accounts for the fact that the Mississippi Valley far exceeds any other section of the country in the number of women bank- ers, she says. Interesting facts are developed in & study of the positions which the basic group of 3,619 women hold in their banks, the'writer continues. “Assistant cashiers claim 77.3 per cent, 7.8 per cent are cashiers, 5.4 per cent are vice presidents, chairmen and presidents make up 2.2 per cent of the group and the Temaining 7 per cent is divided among more a dozen different titles. “The call for women officers is rela- tively much more limited in national banks tham in State banks or savings banks, and the most promising field for the ambitious woman banker seems to lie with the State banks.” In connec- tion with these facts, the article adds, “it is perhaps well to remember that the position of service director, al- though not an officership, is one of the wldu‘:u fields of work for women in DECREASE IN SALMON PACK IS INDICATED By the Assoclated Press. A decrease in the Alaska canned salmon pack for 1930 is indicated by & tentative estimate prepared by the Seattle office of the Bureau of Fisheries in co-operation with the Association of Pacific Fisheries. This shows a total output of 4,839,500 cases to August 31 last, a decrease of 361,300 cases from the pack at the same date ih the pre- ceding year and 530,659 cases less than the total output of 5,370,159 cases for 19 29. Outstanding features of the pack:this season are the marked reduction in the quantity of red salmon and the sub- stantial increase in the production of pink salmon. Preliminary figures indi- cate that the pack of reds is the small- est for any year in the history of the industry, except 1926. These two species usually comprise at least three-fourths of the Territory's output. Of the other three species, cohos and kings will show a normal production, while the output of chums will be somewhat below aver- age. The total pack through August, 1930, shows a decrease of 9.9 per cent from the entire pack for the previous season and a decrease of 7.4 per cent as com- pared with the average for the five-year period from 1925. . Co-operative Advertising. By the Associated Press. Co-operative advertising by industries has grown from $40,000 in 1915 to & probable total of more than $40,000,000 in 1930, representing a gain of 1,000 per cent. This statement is based on & recent estimate quoted in Class and Industrial Marketing. Offices Saul Building 925 15th St. N.W. Several desirable rcoms at very reasonable rents. Inspec- tion invited. B. F. SAUL Co. Nat. 2100 925 15th St. N.W. Typing Paper Akind for every purpose. We carry in stock 95 different numbers of TRESUR-BOX, each a and let us leader in its price class. For Economy and Satis- faction use TRESUR-BOX grocxerfi 8 HKE CO PRO NO STATIONERS é-.‘.“?..f:arsv...