Evening Star Newspaper, September 13, 1930, Page 13

FINANCIAL. $ A 13 WHOLESALE PRIES Received by Private Wire Direct to The Star Office NEW YORK CURB MARKE Received by Private Wire Direct L Fractional Declines*Occur in Prime Group—0ils™ Gain | 8@y Slightly. rT ¥, H. RICHARDSON. awitching from t called for payment next Marc] 'was in ample supply. e ‘There were scattered W the high-grade even issus les were within molnwmto!thurh-t modity prices, market movems Co.'s_S8s, Util and Western Unlon 5s. There vances in Atchison general 4s, Canadian [Pacific 4s, Utah Power & Light 8s, New 'York Telephone flr and American & Foreign Power 8s. New Yo;ku ‘Telephone ¢he ;mu"f Australian which ‘exception of e & point in active buying t followed news that the * re. incidental to the 1 | C Am Sug col §a o g =t S 33 Unite u‘.“}dll".“{’ll'l »t ——csld 8 5 PRSIt i 1000 Chi Rys 8% it 83 ‘37 il o 103 oERE $38,000. 4|StON Y ¢¥%s [ox v vorx BONDS o ] | [{JRB ISSUES SLIP | UNITED STATES, (Sajes are 1. Ssles. Righ. low. Oloss. 41013 1013 1013 5 1026 1025 1026 66 1037 1034 1035 1 10122 10122 10122 10 10811 10811 10811 90% | AtC L col 4a 1 90 90 81 106'% 105% 8 1034 1034 3 100% 100% 10 100% 100% 26 98% 98 2 5% 95% 2 9TH 94 31 94 931 20 106% 105% 1 85 85 17 98k 98 7 108% 105% 3 90 89% 2100 100 Japanese 644 Jugosl Bank 7 Kreug & Toll §s Marseill 105% 20 100 105% 102% 2% Y Norwes 63 52 Orlent dev 514 Orient dev 65 '63 2 102% 1021 13 92% 92% 4 99% 99 16 104% 104% 1041 5 68 68 6816 W 85 93% P P 108 a8 9T 1 105% L] % 1 104147104% 104% 1102 102 102 891y B89N 89% 108% 108 108 1004 l:: 100 4T 41 106% 106% % 4% % 74 1074 1074 1 94% 94% 4% 8108 103 103 1 8% 78% 7T8% 10 97 9T 97 5 108% 103% 103% B 99% 90N 9% M0. 18 9B% 941 941 2196 105% 106% + 2 92 % 9% « 8 102% 102% 102% . 2308 ‘108 102 365 97% 97 9T 8 10116 101% 101% 1101 101 101 Det Ed 4 a 3 8 108% 108% 108% 30 10 95% 954 93N 5104 104 104§ 5 108% 108% 108 2 90 90 1 % 8 108% 108% 108% § 85 86% 86% a2 100% 100% 100% 8 1144 1144 114% ¥ 102% 103 102 4 10T% 1074 107% 1 1064 106% 106k 41 4 103% 1034 108% 4 3106 106 8 108 102% 102% 1 1084 103% 108% 1 106% 106% 106% 2101 101 101 10 1024 102 102% 101% 97 5 89 89 11024 1024 1024 Pure O1) 4148 2 100% 100% 100% Rem R'd b9 A 47, 10 100% 1004 100% 1 108% 1084 1084 o 104% !M!‘: 1024 % 204\« 00% 107 107 103% 103Y% lair P Skelly Of) BW Bell T StOil N J bs Tenn EI P §8 Tex Corp ev Trans Ol §34e 3| Utd Drug ev U 8§ Rublst b Utah P & 410 18 103% 3 o0% 99 e 15?\: 101% 101% 40, %8 To0n Teon son “ © .19 8 (1) . 21045, 3T wwa 1 1044 1 40 100 104% 3045 104% 5 109% 109% 109% | gopn 1 19% 19% 19% 1 101% 101% 101% Wil & Co 13t 88 16 J02 102 102 You St& T.8s'7 B 104% 104% 104% RAILROAD. L 2 %M " 8 97 " 96% 96% 4130 130 130 2 B9 59 B9 + 39 93% 93% 934 Atchison ady Atchison gen Atchison ev & At & Danv ¢s 84 964 964 101% 101% 101 1014 106% 106% 104% 104% 104% 104% 1104 110% 96% 96% 105 105 88% 88% on RroummRa e NSRS AnONR S ~pnea - 5 LEE L =55 A8aad e RI1& Cuba Nor 6%8 42 Del & Hud rf 48 '4 Erie 531975 Fla E Coast § Fonda J&G 4 GrTrstdb Gr Nor d%s Gr Nor gn 5% Gr Ner gen 78 Gulf Mobile Hud & Madj i tor employment situation. According o6y, | the Kan City Sou Kan City Sou Lake Shore L gt 100% 10014 91% 91% 101% 101% 52% B2% 9! 96 6 100% 3 91y & 101% 5 83 u G 3 101% 101% 101% l"L lg 108 101% 102 964 96K Me Pacific bs Mob & Oh ¢ Nassau Bleo 4 B4 B4y 103 108% % 84U B4 102% 102% Y 0T 9Tl 107% 107% 1024 102% NYCgn NYCy Por R L&P 14846 Read gen 4% 5 A '37 Read Jer Cen 48 '51. RioGr W 1 Rie Gr W et RIAr&L¢ SELIr M'nt b StL& L stL SALASP gen BtLS W lat StLS StP & K 8t P Un Dep 6 '12, . bALe Seab AN WL - - MemamnhRe SHNUN Ne~I~BRS 282 Tex & Pac Third Ave re Third Av ady Un Pac 1t ¢a Wabash it Md ¢ West Md 5% West Pac 6y Wis Cen gn 4 % EDITORS TO PRESENT VIEWS ON BUSINESS Expert opinion as to the probable course of bualness during the Autumn and Winter will be presented over the Columbia Broadcasting System from ‘Wagshington at 8:30 p.m, (Eastern day- light saving time), September 23, by editors of several business publications. The National Conference of mm Paper itors s - ton muu'ln uu‘;w-\um conditions with the mg‘ and to }I;:an o wru:‘u by '”mx A % Klsn, Aulsiant Sac that de~ the hoard of direstors of the Uni tes Chamber of s " Buniap, “Rasliant BoSretasy’ of AR ’ edt the trend of wgu mfim% as they have observed it from m‘m and ons by governs ompson, editor of the Pub'ishers’ !l"mfimflfi' ; Earl Shaner, H A S St Aldrich, editer the visioner, UNDER BEAR DRIVE Utilities Stocks Are Target. Specialties Also Are Forced Lower. BY JOHN A. CRONE. Special Dispatch 1o The Star. NEW YORK, September 13.—Contin- uing Fridsy’s clos! trend, the curb market opened lower today and steadily slij as volume decreased. lectric Bond & Share sold off more than a point and American & Foreign 0% | Power warrants were down twice that amount. Gities Service was off frac- tienally. Missouri-Kansas Pipe Line, which is working out some sort of leasing deal with Columbia Gas & Electric, was an- other stock singled out as a bear target. Bears had no trouble in pushing this is- sue down more than a point. Insull Utility: Investments on the first Chemical Associ- few sales eased 114. amall fraction and United Founders rallied near] ;&k' Ya point below ifs previous final Bears pounced on American Cyana mid B and hammered it bclo'%c level and to a new low for the year as a result of the quarterly dividend omis- sion Fridays Driver-Harris, a specialty steel company, was down 13 points at 69%. Diamond Match new common and new preferred were active, without much change in price. Rainbow Luminous Products, which recently has signed . up some important 4| contracts, was in demand. The A shares at one time were up nearly 11, points. Commonwealth Edison mh!.h,:’ ture of early dealings in the higl priced utilities, as it te in- itial break of 81, points. Northern lr"!"fi& Power A at the same time sold of .. The lower-priced motors were more active than usual, Paramount Cab, which recently omitted its dividend, rose slightly, but soon relapsed. Stand- ard Motors Construction advanced. All of the amusements moved lower, the widest early loss being suffered by technicolor. Pennroad was the only rail that met with brisk demand. ‘The two leading mine atoeks, in point of .e“udmy,dwfim Mde:l!lnlglnln Incor- and Noran u) E‘:«:‘M 5 Sy 100,000 PERSONS GET GOLF COURSE JOBS Special Dispatch to The Star. CHICAGO, September 13.—Miniature 1f, America's newest sport, is ming a f: in lessening the lmu; National Association of Miniature Golf Courses, the last 10 months have seen the employment of 100,000 persons in tm-nuon of more than 30,000 courses in the United States. Approximately 8, are now under :-’rifl—gs T i%fi %"a- Amer xi'fi“ ! 3 | { 1 i | ] i i Vl" i ! :“H.n o0, e Soileusts oganatae T8 FEESS eSsEEoese s FEEF IS TETEST oo sans _seass _stsd >3 2 See3SSSeons: SR IR RTINS xt:xs?:&? FTEIEEE FHNES o ooy sz 52555003505 ee P E BT FERCRTT St = & & T & PSS FWESE TE RO — e ae o & I - §agE SESEF F OESF s3mssa3zcSBsesssssergsas SEEEE S5F PRI every time it | 3 Stock & Lew. Dividend Rate. 1134 Alr Investors cv pf. All AmGen Corp. Am Colortype (2.40). fi" Com P A (b10%) m Cyanamid (B).. Am Equitie Am For Pow (war) Am Lt & Trae (3%) Am Superpow (1) Asi % Atlantie Fr & Sug. Aviation Cor of Am.. 2% Bahia Corp.. Bell Tel of Cai Bickford's Inc (1). Bickford's Inc pf 3%4 Blue Ridge Cp (40¢). Blue Ridge cv pfal.. 3 1un Clark Inc. Canada Marconi. Cent Pub Sve A al, Cent & SW Ut b6% Cities Serv (g30¢). .. Clev Tractor (1.60).. Col Oi] & Gas vtc. ... Col Pict vte (f1%).. Com Edison (8) Com & Sou war Com Wat Sv (b % Comstock Tunnel. ... Consol Dairy Pr (2). Cons Gas Balt (3.60). Cons Gas Util A 2.20. Congol Laundries(1) Cont Shares pt (8). . Copper Range (1).. = Crowley Milner (2)., CrCorkInt A (1),440 Davenport Hos (1) Dayton Alr & Eng. De Forest Radlo..... Deisel W Gilb (1%).. Detroit Afrcraft. - - S L S e L L T ey Dress SR (A) (3%). Dresser Mfg (B) (2). Driver Harris new. . Duke Power (3t6).,. Duquesne Gas Cp wi, - ) S B Elec Pow Asso A (1) Empire Corporation. Emp P Ser A (21.80) Europ Elec deb rts, , Evans Wallow Lead. Ex-Cello A & T (300) Fabries Finishing. Fa: Product Finance C Balt A Fokker Afrcraft. Ford Mot Ltd 37% Fox Theater Cl (A) » CO-Y I —A MBONAER~S al Bak Gen Baking pf (3). Gen ) Litd ret (80a) . Gen G&E ev pf B (8) 250 B A (8) - Goldman Sach T C GrA&PTRE(T)... Gulf Ol of Pa (1%). Houston O11 of Tex. Humble O11 (2)\. Imp Oll of Can (50c) Insull Util Inv 1b9% Intercoast Trade (1) 174 Int Petroleum (1),.. 6% Internat Util (B).. 12 Irving Alr Chute (1). CONSTRUCTION COSTS SHOW DROP IN AUGUST By the Asscciated Preas Construction costs in the United States were lower in August than at any time in the last two years and give indications that they have reached their bottom level for the general read) ment period. ‘The average of construction costs, as caleulated by the Associated General conlm';rs g‘l ‘Ammurlu, "k; she h;zir&l'- nters count uri !pn.oln&.: showed a decline for the “f'l;:h X consecutive period, qnfp:n‘ 198.4, or three-fifths of a July and 4.6 points below that for the corresponding period a year ago. These ’W are on 1013 averages as 100. Considering cost trends following the runl business recessions of 193¢ and STt ST S lec] an vely, and which are wb the t trend, the association said any ”nmh downward movement “is hardly ex] 3 It pointed out that following the gen- eral recession in 1927 conatruction costs gradually decreased ¢ points five months and following the 1924 they declined months to the low le: S BANT O~ we ne a2 whieh, oYt to have been in December of last year. Construction costs have varied but costs, whereas in the present movement tlu‘lhv- played no t, having been maintained at their hmn levels. Ma- terial however, are at a lower ove) kit aay s Tast four years. in the BANKERS NAME OFFICERS. "L R “l:;h::‘b'l 13.~At th BALTIMO! T 13—~ e eleventh annual meeting of the South- eastern of t{u luvumn;;:l mx‘; This “Week, the ":.lf‘&m. officers for _lruo-lflll m;'c éla%mw Ohais Ban, ! Prank B, INVESTMENT TRUSTS NEW YORK, September 13 (M.— Qver the counter market: RErg g B2 Northern Secur, hundred-share letter s (80s) (2508) odd lots only. 8al Add 00. ’.i;n' High, Low. Close. to d int below oy High, 18 12 12 “h W * ~Prev. Low. W 130 * Ex dividend. oh o oS B Stock and . 8al 3 Dividend Rate. - Add 7% Italian Superp (A).. 3% Italian Superp war.. 14 Johnson Motor...... % Kolster-Br (Am Sh). 85% Lackawanna Sec (3) 21% Lane Bryant (2). 1% Leonard Oil... 17% Lily Tulip Cup (1%4) 3% Loew's Inc war).... 34% Lone Star Gasn (1)., 1% Louisiana Lan & Ex. 6% Mass Util Asso.....¢ W 1930~ 20000 A 190900890 i i O 00 e 13% Midld Nat Gas 4% Mid St Pet vtc A. 2 MAWSIUt(O¥% 2506 Mid West Ut (b8 % 1 Mid West Ut A war 16% Mid Roy ev pf 12). 15 MoKanPL (b10% % Mo Kan P L vte 8 Mount Prod (1. T BTN AP RO DS 00 Bt 00 et 15% Nat Transit (1). N Y Rio & Bu Alry Hud Pow (40c) Hud Pow A w.. har Md (40¢). 25% Niles-Bem-P (12%). 1 Niplssing(30c).... 20% Noranda Mines (2).. 2 NoAm Aviat A war. Nor St Pow A (8) 264 Pac G&E 1st pf (1)) 23% Fac Pub 8v (1.30) 1% Pantepec Oil, . a% Paramount Ca 10% Pennroad Corp (20c) 2% Petrol Corp war. 20% Plymouth Oil (2) 99 Power Bec pf c.o. 8% Prince & Whit (25¢), 12% Prudential Invest, 15 Pub Util Hold w w, 2% Pub Ut Hold (war) 5% R R 8h Corp (25¢), 6 Rainbow Lum PrA. 2% Rainbow Lum Pr B, 11% Reliable St (b5%). 3 Reynolds Invest..... 19% Rock Lt & P (50¢). 2 Roosevelt Field In 18% St Regis Paper (1).. 8% Salt Creek Prod (2) 14% Saxet Co & 4% Seg Lock (50¢ 2 Sentry Safety Cont 44 Shattuck Den Mi; 814 Shenandoah Corp. 33 Shenandeah Cp ( 8% Southland Roy ( % §tandard Motors 47% Stand Ol Ind (2%) 914 Strauss Roth 28 Swift & Conew (2).. 30 Swift Internat (21) 244 Technipolor Inc. ... 8% Texon Oll&Land(f4) 24 Thatcher Sec Corp. ., 44 TransLuxDLPS.. 4 TrisCont Corp (war). 36 Tri Utilities (31.20), 17% Trunz Pork 8 (1.60).. 11% Twin StNG A pt (1), 12% Utd Corp (war). % Utd El 8v pr war 15% Utd Found b2-35 sh.. RS TR ww P B 0 DR BB 090000 1% Utd Gas pt (1).,.. 274 Utd Lt & Pow A (1). 80 - Utd Lt & Pow B (1) 974 Utd Lt & Pow pf (6). 1 Utd Ret Ch pf (35) 10% U 8 Elec Pow ww, ... 84 U S Eleo Pow (war). 16% U S Foll (B) (1),.. 13% & Overseas war, 144 Utll Pow & Lt (al),. ' 10% Utility Equities,.... 764 Vacuum O (4). 2 Venezuela Petro! 644 Vie Finan Cor (4! 8 Walker (H) (1), 1% Walker Min (74! 6 Wil-Low Cafeteria > - o0 tess ) RO LI TS RIGHTS. Expire. 2% InsCoof N A..Octl Newport Co..Sept 23 12 @onite Prod..Qet 1 3 Dl.vg‘cud Tates in-dallars based on last tPartly ayable Plus fl.“ Plus STOCK AND BOND AVERAGES By the Assositted Press. : NEW YORK COTTON Special Dispatoh to The &tar, SAJURDAY, SEPTEMBER 13, STOCKS. 50 M“fi%‘h tock. ll‘ll R e . Close. % 8% 3% 18 % 38% 30% 1% 24% 11 39 1% ™ 1 14 | the statistical that, 2% | trades disclose Pat mt - | tumn o,-mmmmmuw.mmur . | September FoGliors unonanpee: Many Americans ing the Fall season in NEW YORK, September 13, —Week slight recession in cotton prices today, and the list ended with a loss of a few points from Friday's close. Trade buying on a-basis of 11 cents for December offered resistance, and fluctuations rm the smallest of the week, The list ended at the bottom, about 45 points lower than a week ago. Weather predictions for the coming week were favorable. Spots were reduced 5 points to 11 cents. Cotton range: Octaber, October. i i B ol Tl U. 5. TREASURY BALANCE. The United States Treasury balance, Cug }odl! as o; clase of business mon! were m.cg'.'-'m.u. Total or ex- penditures, $10,606,040.75. BALTIMORE STOCKS. 8pocial Dispateh to The Btar, BALTIMORE, September 12.— BT ] anneunced B ':kr‘-nn"fi" com Conselida s Baltimore Market: Special Dispateh to The Star. BALTIMORE, Md., September 13.— Poultry, pound, 20a28; hens, 20a28; Leghorns, 16a18; ols Receipts, 2,1 ; henrery ey Wit e pound, 36a42; ladles, 28a30; rolls, 37a 28; process, 33a35; store packed, 34a25. Vegetable Prices. Potatoes—White, 100 pounds, 1.00a 2.25; barrel, 2.2583.25; sweet potatoes, barrell, 3.25a4.35, Beans, hampers, 60 1.25, Beets, 100, 2.0084.00. OCabi 3 basket, 75a1.00. Carrots. 100, 2.00a4.00. Canlifiower, crate, 1.35a2.00. Celery, crate, 1.25a1,75. oumbe! £) white, fira I ¢ receipts, 37, Huckleberries, 18a20. Peaches, l, 1.504,00, bushel, 001.60. Waterimelon, 100, 1 #40.00. CONSTRUCTION SLUMPS. By the Assoclated Press, Construction activities slumped ab- ruptly last week, as their change was calculated by reports of contracts executed received by the Census Bureau, The following totals give the amount of these contracts executed in the region east of the Rocky Mountains for ecom- ek enfed Beptembes 0.... 48,768,000 Previous week 232, 10,232,000 Same week last year. o0 15,720,000 IN FIRMER TREND Weekly Trade Reviews Dis- cover More Definite Signs of Upturn. Special Dispateh 1o The Star. i YORK, September 13.—The upturp in business has become more . clearly defined in the last week, ac-.. cording to the business summaries of companies. It is said with the close of the second week in September, there are some tangible * instances of fair colmmwlm:n u;uh those :;l a yen‘: . ago, althougl general lume still less than it was then. of the outlook, And,:gri: et is. suj both by expecta pear more plainly in ¢ "“«""‘,‘f" barometers. “Curvoys of separate industries and. tendencies, but the main main . toward the customary -Au- " acoeleration of activity is not ob- scured. As a whole, demands in dis- tributing channels are broadening, and ~ this serves to stry the balance * m production “and ‘censumption " :l'd points to steadier prices in ary confl 1kets, “One significant fact is ‘the progress in th’l‘ mt‘h‘:‘% greater !amneu in wholesale quotation Ta S e e cess of recessions, the latest tabulation” conetugs that C] m«n&w&: stabilization have been weeks. Thus shows a check to dennnohv:‘z:. some. raw materials ting bet<. N may rn‘&l be " too urlg. 3 ity 1 eF gise o ge “In th trade ed seem gto‘“f.fi:'c!ue to Commonwealth Investment Ca., Inc, i ectptgs Lo e ) Tho Prudentiol Tnpuronce Cor of Amarice First Mortgage Loans | : | Lowest Rtes of nterest aud Commission - Thomas J. Fisher & Company, inc.. E GHATRSES