Evening Star Newspaper, September 16, 1930, Page 14

SEPTEMBER 16, 1930 FINANCIAL. ITAX ON MACHINERY ~ AROUSES DEBATE Suggestion for “Standard Rate” Causes Objection From Trade Leaders. D. C., TUESDAY. BONDS FLUGTUATE | [ some BONDS oo v IN NARROW RANGE Demand Slackens as New Offerings Appear in Market. Trading Dull. BY F. H. RICHARDSO! Bpecial Dispatch to The Star. NEW YORK, September 16.—Bonds had an irregular tone in today's market session. Demand has slackened mo- | mentarily, with last month’s require- |ments all filled, with a moderately large supply of new offerings on hand land with the United States Treasury conversion of $400,000,000 in one-year | bills completed. Money rates were un- changed. In the high-grade group some of the long-term Liberty and Treasury de- scriptions that have recently been pushed to new peaks for the year were off 1-32 to 4-32, though Liberty fourth 414s were above Monday's closing level. Prime corporation issues, such as Great Northern 7s, American Telephone 5138 and American & Foreign Power, were a shade higher, but there were declines in Atchison General 4s, Frisco "A" 4s, Unlon Pacific 4s, Philadelphia Co. 58 and Laclede Gas “C” 515s. There were some large blocks of Union Pacific first 4s thrown on the market, totaling around $250,000, and it was reported that it was forced liquida- tion occasioned by individual investors' | difficulties in the stock market. Convertibles were ragged. Baltimore & Ohio convertibles 41,5 were active and a little higher and there were also gains in Southern Pacific 4!3s and American 1. G. Chemical 51s. There were declines in Philadelphia & Read- ing Coal & Iron 6s, International Tele- phone 4135, Texas Corporation 5s and Loews 6. The same uncertainty prevailed in the ! junior railroad group. Chicago Great Western 4s, St. Paul Adjustments, Rock Island 4';s and Southern Railway 4s dropped lower, while Missouri-Pacific 4s and Boston & Maine 5s were higher. | Industrials were weak all through, with losses of 1, point or more in American Natural Gas 61,5, Pathe 7s, Hudson Coal 5s and Dodge Brothers 6. Smaller declines were shown by Chile Copper 5s, Goodyear 5s, Brooklyn-Manhattan Transit 6s, Interbrough Refunding 5s and Manhattan Railway 4s. In the foreign department German de- seriptions recovered some of the ground lost in the heavy selling of Monday. German Government 5'2s ad the Rep- arations 7s both gained a point. Ger- man Central Bank 6s, Cologne 615s and Saxon State 7s were still depressed. Greek 6s, Hungary 7s, Irish 5s, United | Kingdom 5!5s, Tokio 5!5s and Japanese | 6125 were other weak spots in the list. | French bonds were strong and a few | South Americans like Chile 6s, Rio de e YOUNG PLAN FIGHT 15 DUE IN GERMANY Hitler Faction Expected to! Make Determined Attack on Reparations Settlement. BY JOHN F. SI Special Dispatch to The St NEW YORK, September 16.—Thirty- two million German voters Sunday showed their deep resentment of pres- ent business conditions (with 3,000.000 f unemployed) by pushing Hitler's Fascist | party up from ninth place in strength | to second and by increacing the Com- | munist representation in the Relchstag by more than 20. i The amazing vote given to Hitler and his supporters causes Paris especially to g very much disturbed. Hitler, 41 years old, formerly archi- tect’s draftsman, was born in Austria and therefore cannot hold a seat in the Reichstag. Yet his comeback since he declared himself “dictator” of Germany in 1923 in a revolution which was quick- ly subdued (Hitler spent a year in pris- on for it) is one of the most striking in current European politics. Hitler's Program. But what Hitler and his group stand for is what makes other nations anxious Their program demands the nationaliza- fion of all land, the death penalty for all guilty of usury; that all immigration be stopped and all non-Germans ex- pelled; that unearned income be abol- fthed: that all department stores be confiscated by the state and divided into amall shops and rented at nominal prices to the small shop dealers and that the state purchase its supplies from them. adition, the Hitler group demands that a large national army be establish- ed. the equal of any in Europe; that the reparation agreement be repudiat- ed: that Briand's pfoposal for a “United States of Europe” be scrapped, and that all journalists, not German citizens, and all literature contrary to the prin- ciples of true German nationalism be ssed. S Rtler's program parallels largely the | Mussolini program of Italy. Like the Ttalian dictator, Hitler's sttength les in two directions—a sare gift for im- passioned mob oratory and extraor- dinary organizing ability. Against Young Plan. Dictator Bruening has been given & real setback and the German Tepara-| tion problem, among others. has become again a live issue. For while the Hitler party and the Communist party (the other party which showed the great- est gain), are at extreme ends of the political and business picture, they both agree and will work together ageinst the carrying out of the Young plan of reparations. NCIAL." THE EVENING STAR, WASHINGTON. # NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. Figh 10w Close 1008 1008 100, 108% 1085 108% 114% 114% 1141 108% 108% 108% 1021 102 102 1074 107 107 T11% 111% 1115 10415 1041 104% 104 103% 104 108% 108% 103% 1081 103% —Prev.1030— High. Low. 70 50 108 102 a8 Sales— Add 00 High S ok . 10= 107 1 12 Stock and Dividend Rate. Ol (11). .. in Ofl pf (). Superheater (131 2 Superior O1l. 2% Symington 7% Symington (A) 15% Telautog C (11.35) 50% Texas Corp (3).. .. 484 Tex Gulf Sulph (4).. 814 Texas P C & Oil. 13% Texas Pac Land Tr.. 17% Thatcher Mfg (1.60). 11 Thermold Co..... 24' Third Nat Inv (2)... 9 Thompson Starrett. . 104 Tide Water Ax (60c) 12' Timken Det Ax (80c) 55 Timken Roller (3)... 2%, Tobacco Products 19 nsamerica (1)... nsue &W (1). ont Corp. 4 ont Corp pf (6). Truscon §t1 (g1.20).. Twin City R Tr (§4). Ulen & Co (1.60) Und-Ell-Fischer (5). ‘nion Bag & Paper “nion Carbide (2.60) nion Facific (10)... Tnion Pacific pf (4). n Tank Car (1.60).. Jtd Aircraft........ Tt Afreraft pf (3).. Jtd Biscuit (160)... Ttd Carbon (2) Itd Cigar Stores. ... "td Cigar Stores pf. . 7td Corp (50¢) Tt Corp pf (3) 3 td Dyewood pf (7). Ttd Fruit (4) Ttd Gas & Tm (1.20) td Piece Dye W (2) Itd Stores (A). 1S Express. . ] S & For Secur. Hoffman (2) ind Alcohol (t7) Leather (A) 78 Leath pr pf ( SPipe & F (2). ] S Realty (5).. Rubber. . " Rubber 1st pf. (Centinued From Page 13.) eal Add 00. UNITED STATES. (Sales are In $1.000.) Bales. 108 43 147 ~Prev.1930~ High. Low Dividend Rate. 132% 8712 Nor Am (b10%stk) 97 66% Northern Pacific (5). 32 30 Ohlo Oil Co (2) 24% 915 Oil Well Supply. . .. 1091 86 Ol Well Sup pf (1) 34% 10% Oliver Farm Equip. 2% Omnibus Corp 55 OtisElevn (214)... 454 Owens Ill Glass (3).. % Pacific Lighting (3). 201 Pacific Mills. .. 124 Packard Motor (1) 4'x Panhandle P & R. 48% Param'nt Publix 1% Park Utah s 6 Parmelee Tran (60c) 2% Pathe E 5 Pathe 16 Patino Mines...... 4 Penick & Ford (1). Penney (1C) (3) .. 4 Penney (JC) pf A (6) 697 Penna R R (4) 8 Peoria & Fastern. . Pere Marquette 94% Pere Marq pr pf ( a2 Petrol Corp (1%) 50' Fhila Co 6% pf (3). % 11% Phila Read C& 1. | 29' Phillips Petrol (n2 2 {19} Plerce-Arrow (A). 1 Pierce Oil 21 Pierce Petroleum 7 Pillsbury Flour (2) 4 Pittsburgh Coal 17% Pitts Screw (1.40). 204 Poor & Co (B) (2). & P It Am Tob (B).... 334 Prairie Oil & Gas (2) 44 Prairfe Pipe L (15).. 614 Pressed Steel Car 52% Proct & Gamb (2.40). K112 Pub Sv N.J (3 40) 91% Pub Sy N J pf (5) 106': Pub Sv N J pf (6) 62 Pullman Corp (4) 1% Punta AlegreSuga 1912 Pure Oil (1%3) 52 Purity Bakeries (4). 3213 Radio Corp 53 RadiopfA (3%4)... 68 Radio Corp (B) (5) 19 Radio-Keith-Orph 70 RR Sec1CstkC (4). 34% Real Silk (5)...... 23 Rem Rand (1.60). 92 Rem-Rand Ist pf (1), 8'4 Reo Motor Car (80c). 6 Reo Motor ctf (80c). 32 Republic Steel (4). 80 Republic Steel pt (8 23 Reynolds Metals (2). 3 Reynolds Spring. 70 Reynolds Tob A (3). 45' Reynolds Tob B (3). 39 Rhine W EI P (2.16). 14% Richfield Ol (2) . 15 Rio Grande Oi1(2).. 271 Rossia Insur (2.20).. 45% Royal Dutch a3.2165. 40 Rutland pf... 57% Safeway Stores (5) 33% StJoseph Lead (13). 8513 St L-San Kran ( 4% Schulte Retail Str: 35 Schulte Retail pf (8) 41 Seaboard Air Line. .. 56 Sears Roebuck $2%. 7 Segrave (1.20) Seneca Copper N Eing T tst 2 N Y Ed 15615841, Y ELH&P 5% 48. . N Y Tel 415839 N Y Tel 65741, N Y Tel6s'49. .. ... Nor Am Ed 55 '57 Nor Am Ed 548 63 Nor St Pow 58 A 41 PacG & El bs'42. .. Pac T&T ref 55 '52. Paramount 6s'47. .. Pathe Exch 75 '37.. Peoples'Gas Phila Co 58'67..... Phila & Read 6549, 5 Thil Pet 55230 .. For R T am 6s Pos Tel & C Pressed St Puh Sv G 4158 '67.. Pure O 5%s 37... Rem R'A5'58 A 47, Richfi'd O cal 63 '44. Sincl O Ts ev A "37.. Sincl O 63 B'35.. Sincl Cr O 514% 3 Sinclair P L & . Skelly Ofl 515539, , Solvay Am 58 '42 Sou Bell T&T SW Bell T 55 A StOfINJbs'46. ... StOIIN Y 4%s8'51. ‘Tenn Cop 68 B ‘44 Tenn £ P 65 A '47. Tex Corp cv b8 44 Trans Oil 61538 '38. . Utd Drug cv 5 '53. U S Rubist 58 '47. . Ulah P & L 5s '44. . Util Pow 535847, Vert Sug 1st 7s '42. Carn Br Ple 6 '39. West El deb 5= '4 WEO 3837 ww. Stock and High Prey Close High. Low 1013 1012 1026 1025 1036 1033 1021 1021 1069 1069 1069 30 10811 108 10 108 10 26 11222 11222 11222 FOREIGN. Sales. High. Argentine 58 '45. .. 88 Argéntine 54s 62 91 Argentine Ma 961 Argentine s J 96 Argentine 6s O . 961 Argentine 8 A '57. 9715 Argentine 6x B '58. 96, Australia 434 ' Australia 58 '55. Australia is ‘57, Ausiria 7543, Bk of Chile 6% =61 10 Batav Fet 415842, Belgium 6s Belglum 6155 '49 Belglum 7 Belgium 7s Belgium 8541, .. Bolivia 7s ctfs'69. . Bordeaux 65 '34. Brazil 615826, Brazil 615827, Brazil 7s. RBrazil 85 '41., Bremen 7835, Canada 5% 62, Chile 65 '60 Chile 65 61 Chile 7= "42 Christiana Colombia 6s ) Copenhag 41 Copenhag 5x Czecho 8 Czecho 95 52 Dan Mun §x B '46. .. Denmark 414862, Denmark 5168 Dutch East I 68 Dutch FEast T 65 '62. Fl Salvador 85 '48.. Flat 7s ex war '46. Finland 51x ‘58 Finland 68 '45. . Finlana 7s'50, . French Ta 49, 3 French Gvt 748 41 79 Gelnenkir Min 6s°34 12 German 548 '65. .. 262 German Bank German 614 '50. ., German Ts rep *49. 105 Ger Gen I T8 *45. Greek 63 '63. Haltl 65 52 Hol-Am ss f 6s...., Hungary T%s"44. . Irish Free St 53 '60. Ttaly 75 '51 Ttaly Pub Sv 78 '52. Japanese 4s ‘31 Japanese 61 Japanese 61,8 ' Jugosl Bank 7 Karstadt 65 "43. Kreug & Toll 5 Lyons 6s'34. . Close. 1013 1025 1033 102 1 Low. Cluse. 105 72 20 b3ts blst4ls. bath4ys 25 108 12 4% 6914 108 1% 419 6% 514 OO - PP P L ] Low. Close. C 0% 90% 6% 96% 96 96 9615 9614 9% 96 961 801, 80% 88 8By 88 88 1041 104% 961, 9615 95% 954 105% 105% 109% 109% 114% 114% 110% 110% 101 1005 100% 56 56 1047 104° 10214 102 100t 100 a7 = a3 BY J. C. ROYLE. What price old machinery? That question is worrying manufaé- | turers all over the country. It is giving | special concern to”the textil> industrs, | which has plenty of machinery that is | deteriorated from its pristine condition. Industrial leaders are worried for ¥wo reasons. The first is that the old ma- = chinery 15 no longer economical and is 100% 100 100 | yynping up production costs. The sec- R4 84 84 |ond concerns the basis on which corpo- 104% 1043 104% | rations are to be taxed on machinery 104 104 104 | which has passed its first usefulness. 10214 102 102 The Treasury Department wants to 102% 102% 102% | establish a “standard rate” of allowance| 96': 96': 96's|for depreciation of used equipment. 99, 99% 99% | The manufacturers say that the estab- 105 104% 104% | lishment of such a rate would work to| 105% 105% 105% | their detriment and would be unfair 1041; 104'x 104 | because a standard rate could not be 100% 997 99% | applied equitably in individual factories. 102 102 102 Standard Rate Urged. 107t 107% 107%| The Tax Bureau asserts that in es- 103% 103'x 103'x | tablishing & rate at which equipment 109% 109% 109% | should be taxed there should be a stand- 100% 100 1004 |ard rate for “guidance.” That is, in 837, 827 R3i.|each case the internal revenue agent in| 1017% 101% 10134 | computing the taxes to be paid should 901, 90 90 |have a standard as a guide or some-| thing to work from either up or down, 40 40 40 {according to the factors which have 89 RR7, Ll caused wear and tear on equipment. 105 105 105 The manufacturers say that such & 1041 1041 104 | standard could not be applied to all Wil-Ov 18t 63x'33. 3 101% 101% 101% | without distinct injustice to some. They, Wil& Co ist6s'41. 14 102 102 102 int out "“{d{ the lgurn.l:"fi::;u‘: 7 % 10416 10414 | Bureau establishes such a YouSt&TER ... B4 104N 104% 1044 | (IR reality amount to several stand- RAILROAD. ards, or one for each industry and per- Ann Arbor 4s’ 7 851 haps for each type of machinery, Atchison gen 4 a8 9T whereas different conditions exist in Atchison cv 434 # 48 23 130 each industry and all industries would| Atch Ariz4%s82.. be affected—even the making of farm| At& Danv 4s48... machinery. B&O 4848 The bureau points out that the estab-| cv4lys 33 44860, LAIR. -1 SN 3 9315 FeokZenRancey 10214 101% 102% 100% 100 1004 o [ TIOR3 are Zunuan wrallseonianne 5 107 91 1015 1021 4 1024 109 20 1 t | 1 T U 1 1 U 1 1 1 1 1 1 0 1 1 1 1 t 1 1 1 85 TR (1 180 130 6 1025 102% 102% 1 59 59 59 15 964 96% 96% 17 10115 101 101 18 1015 101 101% 1107 107 107 21 104% 1041 1041 1 1041 104% 104% 6 1107 110 110's 96'% 965 96 5105 105 105 12 101% 101% 101% 10 10 10 4 90 887 88% 24 1001 100%s 100% 396 4% 488 7 1041 1044 10 15 96% 96 96 11 100 997 100 18 99% 991 99 2 99% 99% 995 5 105% 105% 105% 10 106% 105 105% 7 105% 105 105% 8515 S Steel (7 7§ Steel pt (7). obacco (4) Iniv Leaf Tob (3) ‘niv Pipe & Rad Util Pow & Lt A (e2) Vadasco Sales Corp. . Vanadium Stl (t4)... 56 Va Kl & Pow pf (6).. 108 Va Iron Coal & Coke. 150; Vulean Det (4) .1208 Wabash d Waldorf Systm ( Walworth Co (2) Ward Baking (B), Warner Bros Pict. Warner Quinlan. . Warren Bros (3) Warren Fdy & P (2). Wess Oil & Snow (2). Wess O & Snpf (4).. West Penn EL pf (6). 40s West Penn El pf (7). 508 West Penn P pf (7)..130s Western Dairy (B).. 14 lishment of such & i\;l‘de w?l‘ll:? I:” of| advantage to corporations jus into buu‘}nm which have data or ade- quate accounting systems by which they| could figure out depreciation rates and establish in advance the approximate) tax rates they would have to pay. New Industries. The bureau notes that new indua- tries are being established all the time| and that a standard rate would provide| an early basis on which depreciatio could be computed, since there is com-| rable machinery in nearly all estab lished industries. ‘The bureau plans to establish the guiding rate from rates accepted in thousands of cases over past years. Clerks have been compiling this data as it has come in from year to year, until now the bureau feels that ac- 5 0t b X PrPRRRRR 9000000 Bos & Me 58 1955, Bd & Tth Av 543 Bkiyn Elev 614s. Bklyn Man 6s '68. BKlyn Un 18t 5 Bklyn Un El BR&Pitt 438 '57.. Can Nat 414854, Can Nat 4158 '57 Can Nat 415 '68 Can Nat 4%s 10 Can Nat 5s July '69. Can Nat 58 Oct '69. . 1 4 25% 5 9% 30 1% 51% 32 2614 5614 102 1% 116 10 p 1 2 a2 208 2 3 148 5 rope, and especially France. should behéflsg:rbefl n\'epr' this latest turn of affairs in Germany. Tourist Trade. e kley’s contention Ly B"Un%ersecreduri of !‘t‘l‘:t Sury, t tourist trade no - :;xrze\:uu for American lgoods sold abroad strictly to the point. - It is "{‘! contention of Senator Bark- ley, while many different factors enter into squaring the international financial accounts, every item going into that account should be analyzed with & view to knowing whether it is helping or hurting the American standard of living. 1f American tourists left $300,000.000 in Europe this year, that fund becomes | a credit which can be used by Euro- peans to buy American goods, but. the Kentucky Senator makes the point that such a transaction by no means is equal to the s;medlmoum. of American s abroad. ‘o'(?g’o:rolg‘: are not produced by Amer- jean labor, and very few American laborers under present conditions can become tourists,” says Senator Barkley. “But American goods shipped abroad are produced by American labor and help to give employment to millions of ‘American workmen, and it will offer poor consolation to the American workingman to offer him a tourist for the goods he has manufactured for foreign consumption.” The point is well taken from the standpoint of labor, for it is from the human point of view rather than from the financial that Senator Barkley speaks. Canadian Tariff. ; With the unemployment fund o $20,000.000 out of Ll'?z w the Bennett government of Canada concentrates next on Taising Canadian iariff schedules. 1 have been informed by one who is close to the situation that the tariff is likely to be increased on more than 175 individual items, centering largely about cotton, steel, automobile, agri- cultural implements, boot and shoe and woolen industries. Already a strong “Canada firs movement is under way and the large cities of Canada are surveying the vari- ous fields to determine which goods can | be manufactured best in their respective communities. It is a strong Nationalist movement ~probably a backwash of the “Chinese ‘wall movement” in industry, now rising all over the world. The Bennett government has moved rapidly since it took over the govern- ment six weeks ago. Every item due for a rise has been studied individually and an increase of from 5 to 50 per cent is contemplated. Unlike American schedules, which | require months of agitation in Con- gress, the Canadian schedules can be put into practice in 24 hours by gov- ernment decree. The new schedules should be announced carly this week. Tariff Wals. The warning of William Graham, president of the Brit'sh Board of Trade, before the Assembly of the League of Nations, that England could not stand much longer the constantly increasing tariff walls being raised in nearly every country in the world, is timely. I the movement does not cease before next February, the British government, too, would be forced to deal with it in a way to protect British interests, he said. It's the first official warning given by Great Britain that the movement toward intense nationalism, which has been developing since the war (and which incidentally was one of the fac- tors making for the last war), is one that no nation, particularly Great Britain, which has for a hundred vears been the great free trade nation of the | world, could ignore longer Should England embark on a pro- gram of protection, undoubtedly the emphasis wili be on getting the various British commonwealths into a tariff union, which will grant a large amount of free trade within that territory, with protection against all goods coming in from the outside. So this tariff business shows itself up as a two-edged sword, which cuts as deep with one edge as it does with the other. (Copyright, 1930, by North American News. paper Alliance.) FOREIGN EXCMANGES. (@Quotaticns furnished by W. B. Hibbs & Co.) Nominal gold Selling check y. London, pound Paris. franc Brussels beiga Berlin, mark Rome.' lira Zurich, 1 Athens, ¢ Madrid, a Vienna. schilling udapest. PPNRO. 1 rague, crown (nom.) arsaw. zloty crown grenmn )y o, erown tockholm, There .is & species of ant which car- ries an umbrella of pctals or leaves ‘Wlen it rains, s ’\ 2878140 261730 3c 26.87c crown 56 25 Servel Inc. ..... Snarp & Dohme. Sharp & Do pt (3%). 2 Shattuck F G (11%). 19 Shell Trans (a2.423) 3208 Shell Union Ofl. Shubert Theater: Simmons Co. Sinclair Con 011 12). Skelly 01l (2). . Skelly Oil pf (6) Snider Packing pf Southern Cal Ed (2). Southern Pacific (6). Sou P Ric Sug (1.40). Southern Rwy (8)... Southern Rwy pf (5) Spalding (A G) (2).. 4 Sparks Withing (1).. Spear & Co Spencer Kellox(80¢). Stand Brands (1%) Stand G & E (3%) Stand G & E pf (4)... Stand Invest Corp. ., Stand O of Cal (2%). 11 Stand O1l Exp pt (5). 8 Stand Oil of NJ (12) 157 Stand OII N Y (1.60). 29 Starrett (LS) (12%) 2 Stewart-Warner (2). 9 Stone & Webster (4). 32 Studebaker Corp (3). 2 Studebaker Co pt 108 % Submarine Boat. 3 33 1 29 708 2 52 100 1 116 CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, September 16.—The following 1s & summary of important corporation news prepared by the | Standard Statistics Co., Inc,, New York, for the Associated Press. | News Trend. Prices of several of the principal| commodities, which it was generally believed had reached rock bottom, fell to new lows for recent years in yester- day's markets. September wheat touched T9% cents, the lowest since June and July, 1914. Corn declined to the lowest point on its current move- ment while oats and rye were also weak. The price of copper which has been held at 11 cents by leading prod- ucers for some time was cut to 103 cents with some custom smelters quot- ing 107, cents. This is the lowest price for copper in 30 years. was reduced to 11.05 cents. Unfavorable dividend announcements | are. again . conspicuous in- corporation | news. Omission of disbursement cur- rently due wes announced by Artloom Corporation, Kalamazoo Stove, Ferro | Enamel and Copper Range. Reduction in terly rate was made by Acme Steal Other items are also largely un- | favorable, The Companies. Acme Steel reduces quarterly common dividend to 62'z cents; paid $1 for- merly. American Thermos Bottle first half earnings, 37 cents common share, against $1.07 year ago. .Anlcondl Copper Mining Subsidiary, American Brass, reduces prices brass and copper products, including scrap and | seamless tubes, '4 -cent pound. Sub- sidlary, Anaconda Wire & Cable re-| ceives order for 4,250,000 pounds cable | conductor. Artloom Corporation omits 25-cent | due. 12 per cent over previous year. C‘:nmlm-ud Rallroads of Cuba earned $8.45 on $6 preferred stock in year to June 30, against $9.39 in pre« vious year. Copper Range omits 25-cent quarterly common dividend due at this time. Ferro Enamel omits class B dividend currently due. Ford ;dowr work started on $5,000,- 000 Richmond, Calif., assembly plant; capacity, 400 cars daily. General Foods president expects 1930 earnings to equal about $4 common share. International Paper & Power shuts down Degrasse Newsprint Mill; eight domesti this year. Kalamazoo Stove omitted quarterly stock dividend, 1% mon stock; regular $1.12%;, declared. Northern Pacific Rallway president estimates August net operating income at $1,700,000, against $2,498,934 year ago; gross revenues, $7,600,000, against $9,217,462, Power Corporation of Canada, Ltd., hid 38,194 stockholders on Septem- ber 15, cash dividend, per cent on com- | A. row at Louisvil dent of Halsey Sales of Stoel 10:30 AM 1:30 P.M Dividend Western Md. ... Western Pacific. Western Pacific pt [ Western Union (8).. 6 Westingh'se AB (2). 10 Westing E& M (5).. 381 West E & M pt (5).. 1108 Wextark Radio Strs. Wh Rock M S (t4%). Wilcox Rich A (215). Willys-Overland. ... Willys-Over pf (7). Wilson & Co pf. . oolworth (2.40). orthington Pump. . Wrigley (Wm) (4).. Yale & Towne (2)... Yellow Truck . Youngs Spring (3).. Zenith Radio. . RIGHTS EXPIRE Mich Steel.. Sept22 14 on New York Exchange .. 368,100 12:00 Noon.. 864,100 .1.238800 2:10 P.M 1.387 300 given in the above table are the annual 24 19 rates a; cash payments based on the Iatest quarterly or half yearly declara- | tions. | Unit_of cent in stoek. d_this when earned. stock. g Plus | S Plus 8 per cent in stock. | per cent n stock. i | preferred stock. E. BRYSON, | Export Price| p ogident of the Financial Advertisers’ Association, who will preside at the n: tional convention, which opens tomor- He is vice presi- lle, Ky. uart & Co., CI widely known investment house. trading less than 100 shares. tPartly extra. IPlus & {Payable in scrip §Plus § per cent In stock. ear—no regular rate. b Payable in stock. d Payabl e Payable in cash or stock. {Plus 10 per cent in per cent in stock. hPlus 2 per cent In stock. k Plus 3 per cent in_stock. m Plus I n Plus § per cent in stock. p Plus 50¢ cents in T Subject to approval of stockholders DIVIDENDS DECLARED Pe- Pay- Hidrs. of Rate. riod. able. record. Regular. | Am cap corp 33 pt..75¢ | Am Pub Ser 7% pf.31.75 | Assoc Sec Inv 40c Automobile Fin......26c “se Balsban & Katz. Chicago Title & Tr. .54 350 ). 32.50 Claude Neon EI Prod.3sc Cleve Dairy Pr pf..3i.75 Company. e . B i 5 tiord Tr Co.33 | Edison Bros Stores..25c First Nat Bank (Atlanta. Ga.)....50c Frankifn Fire Ins ..40c .33.50 - 88, Phila Z French (Fred F) Const pt Globe Tne of Am (Pitts) . ..30¢ Goody Tex Milis pf.31.75 Grief (L) & Bros 9% 0.0 Hibernia ‘Secur pi. Huylers of Del pf King Royalty pf. 52 McGraw-Hill _Pub... 50c Merch & M Sec A.37)3c Met Coal pf.......3175 Metropoll Ice 'pf. $175 Mich 8tl Tube Pr.37%:c Minn St Paul & Saulte St 5175 3175 3178 0000DOODOD 00 2 O D OOLOOOOPD PO: LOOD arie 000000002 ® > hicago, Pipe Line, to obtain interest in Great Lakes Pipe Line. Standard Gas & Electric first merchandise sales, $3,550,404, up 7.3 per cent over year ago. United Dry Docks, low bidder for con- struction United States Coast Guard cutter No. 54; United Gas purchase Jarge minority interest in Con- | solidated Gas United States Playing Card first half | cent below | dollar, volume year ago. Waco Aircraft sold 154 planes and 109 | gliders in period January nt| 23; had unfilled ‘ dividend currently | latier date; employes August 23 num- N W | bered 173, against 203 in June Cleveland Electric Tlluminating net | deficit $55,612 in first half, against profit income, 12 months to August 31, up | $156,894 year ago. 3 Allis American Tel. Bell Tel Cudany Gen Mot Genera, Pet Acce Goodyear T. & makes | Grand Trunk of Canada 6 i c néwsprint mills closed | Gult Oil of Pa 55 1937... . s Humble Oil Internat | Mariund Ol bs New York, Chi. Phillips Pet. Co Pure Oil Corp. Standard Oil N. Standard Ol st Swift' & Co. S8 U Western Electris PHillips Petroleum subsidiary, Phillips ~Chalmers Co, 5s 1937.. & T Corp General Theaters Eqa. 63 1940 Union "Oil Go. of United Drug Co. 8s 1053 8 Rubber 85 1947 price, $865,000. Improvement of Baltimore. zales 15 per 1 to orders for 9 SHORT-TERM SECURITIES, (Reported by J. & W. Seligman & Co.) Bid, Offer. 1023, ‘el 5Yas American Thread 5%s 1938. Balumore & Ohio 4 Batavian Pet. Corp. of Cannda 53 1957, ' California Pei. Corp. 5'as 1938 adian Nor Rwy. 4'us 1935 Chicago Rock Island 45 1934 Chile Copper Co. 55 1947 acking Co. 5125 19; p. Corp. 6s 1937 55 1940 R. 55 1957.. 36 1932 ’ Maich Corp. '5s 1947 L e R & £t L8 i3 o Shell Union Oil Co. 5s 1947, Sinclair Crude Ol Co. 5%s, 1 . Jersey 8 1 N. York 41 L. Ir. Mt. & 8o. Ry. L Southwestern Ry. 1932, .. alif e Co. 83 i04d: ' Corp 1948 Corp. 4'as 1958, reported | 0O0DD © DOLDS Q Q Auto Washer pf August | Bep. 30 planes Am Products Artloom Corp AUl Coast Due Oct. Due Oct Due Sep! | Mon Mtg "& Inv pr.30c Nat Sec Co 6% pt pf 75¢c Phila Rap Transit . .$1 Southern Tee pf A. .51.75 Union 8¢ Bank of .82 | (Montreal) pf. 60c West Md Dairy pf $1.50 L. 82 Metro Ice pf..... ..30¢ Transit pf 3125 25¢ Ltd Toronte). 1100° 500 Had Binks Mfg pf A ..56'4c Wood Chem Prod ‘A 80c 10 pay $4 the first year, 35 the second year Teased Lines ... 32 [nalichen &' 5 318 | Moores Coney Corp-361sc Motray Ohin Mik. 40¢ Peopies P Tr (Biits) a0 Bhillo Morris & Co. 25 Do. pf 50T «oden (G A) and 'pr 53 Thavers 1st b, .. $Tise Fime O Stat "Cont A 30¢ Soutn" Chicaso United Bond & S | 750 Whaiker & Co A... 8213 hall| weeden & Co West Point Mrs . tr, Tnerease Bkl & Queens Minnesota Ror Pow. ise Reduced Stock. Auto Strop Saf Raz Zoil (W) Co (Piits) 17 Omitted. 256 Flaneries 30 Copper Range c Gen Pant A S0 q “Under the consolidation pian, the Brook Iyn & Queens Transit preferred ‘stock and'56 the third and. subsequent yea TSublect to approvl. 103 109 CHECK TOTAL GAINS. By the Associated Press. Individuals' checks cashed at im- portant money centers of the world in- creased 9 per cent during the week ended September 10, as compared with the previous week. The following totals for comparable periods are reported by m{v“““‘ Reserve Board: eek ended Sertember 10, $10,628,- | 091,000. Previous week, $9,776,702,000. Same week last year, $19,566,06/,000. METAL MARKET. NEW YORK, September 16 (P).— Copper easfer; electrolytic spot and fu- ture, 10% to m!.;u Iron ‘quiet; un- changed. . Tin steady; spot and near- by, 29.90; future, 30.10. Lead steady: spot, New York, 5.50; East St. Louls, 535 Zinc quiat:. East St. Louis spot and future, 4.25 to 4.30. Antimony, 7.7, | ity and Suburban ‘5s | shipments, 650 cars; market dull, trad- | Ing fair; Wisconsin sacked Irish Col | erio 6'2s, Brazil 8s and Antloquia | 7s_were fractionally higher. | _ New bond offerings amounted to $22,- 500,000 for the day. Company to Dissolve, NEW YORK, September 16 (#).—A special meeting of stockholders of the Paragon Refining Co. has n called for September 29 at Cincinnati to dis- solve the company. The company re- cently sold its assets, excluding the Valvoline oil shares, to the Unfon Trust Co. of Pittsburgh for another and later | sold its Valvoline oil holdings to E. W. Edwards, president of Paragon and Valvoline. POTATO MARKET. CHICAGO, September 16 (#)— (United States Department of Agricul- ture).—Potatoes—Receipts, 76 cars; on track, 412 cars: total United States blers, 2.25a2.30; Minnesota sacked Irish Cobblers, 2.00a2.10; few fancy, higher; ordinary, 1.80 up; Idaho sacked Russets, 2.75a2.95; Minnesota sacked early Ohios, few sales 2.00a2.10. Washington Stock Exchange SALES. Potomac Electric 6% pfd.—10 at 111, 1 at 111'3. Washington Rwy. & Elec. pfd.—10 at 98. Federal-American Co. pf AFTER CALL. Riggs National Bank—10 at 495. Capital Traction Co.—10 at 60. Mergenthaler Linotype—10 at 97, 10 at 97. Anacostia & Potomac R. R. guar. 55— $1,000 at 94, Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Telga. 4145 33 Amer. Tel. & Telga. 4135 '39... 160 Am. Tel & Tel. cti. tr. 8s..... 105'a Anacostia & Pot. R. R. 55..... 82'2 Ana. & Pol. gua MRS C. & P. Tel of Va. 55 Capital Traction R. R. 55 Bid, Asked Amer. Tel 10182 Georgetown Gas 1st 55 Potomac Elec. Cons. 5% Potomac Elec. 65 1953 Wash., Alex. & Mt. Ver h., Baltimore & Annaj hington Gas 5s... . Gas 6s, series A Wi Gas 6s. series B... Wash! Rwy. & Elec. 4s...... MISCELLANEOUS, Barber & Ross, Inc.. 6las.. Chevy Chase Club §'as D. C. Paper Mfg. W. M. Cold Storage 5 Wash. Cons. Title 65 STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9) Capital Traction Co. (4 Wash. Gas Light Co. ( N. & W Steamboat (12 Pot. Elec. Power 6/, pfd Pot’ Elec. Power $i3's Wash. Rwy. & Elec. com_ (7). Wash. Rwy, & El. ptd. (5) NATIONAL BANK. [ 38 58 ity pid Capital (1) oo Columbia (13} 8 Commercial (stamped) District (8) 3 Federal-American’ (10) Liberty (7§) Lincoln (1! Metropolitan (14} Riges (18) ... Second _ (3e). Washington {10)... 2 i) TRUST COMPANY. American Sec. & Tr. Co. (13) Zontinental Trust (6) g Merchants’ Bank & Trust '(6) National Sav. & Trust (12:) Prince Georges Bank & Trust.. Union Trust (3g) Wash. Loan & Trast (14) SAVINGS BANK. ank of Bethesda (6§) ommerce & Savings (10} East Washington (12) tomac Savings Bank (10) curity Sav. & Com. (17) venth_Street (12) 383 120 110 545 3215 260 80 08 140 58 25 B b ited States (30).. .. Washington Mechanics’ (20).. FIRE INSURANCE. American (12). o Corcoran (10). Firemen's (8) National Uni TITLE IN Columbia (6h).... Real Estate (6h) Title & lnv. Co. MISCELLANEOUS. Barber & Ross, Inc., com Chevy Chase Dairy pfd. (T) Col. Band & Gravel pfd. (T) Col._ Medical Bids. Corp... D. C. Paper Mfg._ pfd Dist. Natl. Sec. pfd. (7 Emer. Bromo-Selz. A Federal Storage pfd. (8) FPed.-Am. Co. com. (1.30f) Fed.-Am. Co. pfd. (6) Lanston Monotype (8) Mer. Tr. & Stge. com. (10} Mer. Tr. & Stge. pfd. (7) Mergenthaler Linotype (6) Natl. Mige. & Inv. pid.. Peoples Drug Stores pfd. (6 Real Est. M. & G. pfd Security ‘Storage (4e).. Ter. Ref. & Wh. Corp. (3} The_ Carpel Corp. (1.50).. Mtge. com d.. Bldg. Corp. d & Lothrop pfd . \dend. 83% extra. B Books Closed. ¥al3n extia. 3 32 extr % exgr 187 &t amy WiWhen issued. ellan extra. d Marseille 6x'34. Mex 4s asstd 1910 Mexico 5% A "45. . Milan 6148 '52 Netherlands 6; New So Wales les '58 Nord 615 '50. Orfent dev 5355 '58. Orient dev 6s '53 Paris-Ly M 68 Parls-Ly M 78 '3 Peru 6560 Peru 6s'61. .. Poland 7s *47 ™oland 8s°50 Porto Aleg Prague 7%s'52.. Queenland 6s 47 Queenland 7s *41. Rhinelbe 75 "4 w Rhine West 6x "5z.. Rhine West 6s Rhine West Rio de Jan 614 . Rio de Jan §s'46. .. R Gr De Sul 6363 R Gr De Su Rome 615852, Roy D 45 '45 ww Sao Paulo 85 '36 Saxon 7s *45. Serbs-Cr S1 7s '62 Serbs-Cr-S1 8s '62 Soissons 6 '36. Sweden 514554 Swiss 54846 Swiss Confed Toko El Pow 65 '32. Toho El Pow 7s '55. Tokio 55 '52 Tokio 6% 561, Utd King 5% s 37. . Utd SS Copen 6s '37 Uruguay 6s '60. Vienna 6s 52, Warsaw 7s '58 Yokohama 6s '61. 854 9615 1051 105% 105 1061 100% 1001 811k 9204 105% 101 938, 8610 72 981 98 MISCELLANEOUS. ADbitib! P & P 58 '53 Ajax Rubber 8a. Allegheny 55 ‘44 Alleghany 68 49, Allis-Chalm 6537, , AmAgCh 7%s41,. AmF P5182030. . AmIGChsy 53 5 16 41 6 3 30 32 Am S&R 18t 5547, Am Sug Ref 6s'37. . Am T&T ov 435539, Am T&T 6865 Am T&T ¢ tr 53 ‘46, Am T&T b s £ 60 Am T&T 53843, Am W Wks 5534 AmWrit Pap 6s Arm & Co 4158 '39 Arm Del 5348 43. Asso O1l 68 '35 At Ref deb 53 '37. Bell Tel Pa 58 B 48, Bell Tel Pa bs C 60, Beth Stp m 5536, , Beth St rf 5142, Cert-td deb 535 Chile Gop @b a4t 5i5a49 Com Invest 65 4 CCMd istrf 58 '50, CONG N Y 5345, um Pow fis 52. C Am Sug col 8 Denver Gas 5s Det Ed rf 6s B '40. Dodge Br col 40 Donner St 7s *42. ] Duquesne 4345 '67. . Gen Cable 515847, , Gen Motors 6s 37, GenPSv5ls'3y, Gen St Cas 513 Gen Thea Eq Good 1st 6145 5 Goody'r Rub b8 *57.. Humble Ofl 5s°37. , Hum O&R 5% MIBTIistpf6sA 111 Steel 435840, ... Inland Steel 434578 Int Cement 5s'48. Int Hydro F1 65 *44, Int Match 58 47 Int Pap s A 47, Int Pap 6s '55. INtT & T 43%s 5 3 Int T&T cv 4155 °39 309 Int T &'T b8 '55. Kan Gas&E 415 '80 11 Lac G St L 58 34 Laclede 5148 C"53. . Laclede 5148 D *60., , Lautaro Nit 6s 54 Lig & Myers 6s Loew's 68 ex war. Lorillard 5 %s ‘37 McCormack Mid St& 0 Mor & Co 18t 4}, '31. 87 50% 99%, 995, 102% 105% 8915 108 994 7% 7813 1031 104 16015 107 105% 1061 109 101% 865 5014 993, 90y 102 104% 8914 101% 101% 104 85 Can Nor 4148 '35 Can Pacific db Can Pac 4345 '46 Can Pacific 415 60 Can Pac bs ctfs '44. Can Pacific 68 '54. ., Cent of Ga 58 C'59. Cent Pacific 4849 Cent Pacific 55 60. . 83 100% 1005 100% 6 89% 89% 895 3 101 100% 100% 20 99 98% 99 6 105% 105% 105% 8 108%; 103% 103% 28 102 102 102 26 96% 961 96% 8 105% 105% 10514 curate information is available. If the system is adopted, and it is the general belief here that it will be, the bureau will immediately prepare| bulletins stating what the information| is and how it works out on the a erage. 1t is claimed by the officials that this will not be binding, but will act as information which those inside Ches Corp 58 °47. ... Ch&Ogn4%s'92.. Ch&O4%sB 95.. Chi & Alt 3s. CB&Qgen4s'ss CB&QIldv 33’4 Ch & East I11 5s '51. Ch Gr West 4s " Ch In & L gn 55 '56. ChnM&StP4s 89, Ch M&StP4%sE.. 2 96 96 96 Ch M&StP 4% s " 10 1005 100% 100% ChMStP&P5s 15111 88% 88% 88% ChM&StPadjbs. 103 54's 53% 54 Ch&NW 4%82037, 20 99% 998 993 Ch & NW con 4%s.. 85 1001 100% Ch & NW 6%s '3 109% Ch Rwys bs 27 80% ChRI&Pgn 4 94 ChRI&Prf4 9 ChRIcv4ls'60.. 99 ChRI&P4%sA 9% Ch TH&SE in 58 '60. Ch Un Sta 6335 '63. . C& W Ind cv 45 '52. C&WInd5is'62, CCCESLL 41am (E) Clev Term 414 Colo & Sou 415% '35. Colo Sou 4% ‘80, Cuba R R 58 '52.. Cuba Nor 5%48°43.. Del & Hud rf 45’43, 16 95% Del & Hud 6%s'37.. 1 105 D&RGren4s'36.. 20 97% Den&RG W bs'55. 14 95% DRG& W st5s'78. 10 9215 Det Utd 435’32 985 Erie con 4s A '53 87 Erie gen 4s 84 Erie 55 1987. . 95 Erie 55 1975. 94N 93% 98T Fonda J&G 4145°52. 6 28 271 28 Gr Trunk 7s '40. 1 112K 1124 1124 GrNar 4%s'77 (E) 19 991 991, 9915 Gr Nor gn 5 1 11136 111% 111% Gr Nor gen 27 112 111 111% 14 101 10 103% 103% 103% 65 101 100% 101 4% T4 96% 96% 8974 % T 71 Tdla TA% TA% 6 103! 103 968 2 8 20 1 5 115% 115% 115% 3 92 92u 92 13 101% 101 10 98% 98% 3 70 70 6 50% 101% 70 95% 95% 105 105 97 97 95% 95% 9215 98% 87 83% 948y 8% 87 84 943, | Hud & Madiss5T. 76 R4u BIN 84 102 104 25 Hud & M rt 5/ 111 Cent 48 '52 Iil Cent 4% s 11 Cept 6343 '87.. 10 100% 100% 100% 10 941 941 9415 11°101% 101% 101% 6 110% 1105 110% 111 CCStL&N bs 1 105% 105% 105% Int Rap Trbs'66... 20 T4% 74 T4 Int Rap Trsta’66.. 88 7T4% 73% 74 Int Rap Tr 6s'32. 5 61 601 61 IntRapTr7s'32... 31 94 93% 94 Int & Gr Nor 2 96 964 9614 Int & Gr Nor 6 10412 104% 10415 IntRysCA s TR Kan C FtS&M 4s 9715 9Ty Kan City Sou 3550, 79% 80% Kan City Sou 5550, 102 103 Lake Shore 33 '97 ¥5% 85! Lake Shore 45°31.. 13 1001 100% 1001 Leh Calcv4s2003.. 1 913 91% 91% Long 151 db58°37.. 5 101% 101 101 L&Nuni4s'40.... 14 98% 98% $8% Manh Ry 1st 4s " B3 534 534 Market St 78 '40. 95% 9513 MilERy & L 5s'61. 5 103% 10315 M StP&SSMcon4s. 68 914 91 91 M StP&SSMb6sgtd. 2 98% 98% 98% M St P&SSM 534 1 84 8¢ 84 M StP&SSM 6%s.. 23 1014 101% 101% MK&TIst4s’90.. 16 90 90 90 MEK&TprinbsA. 19 1044 104% 104% MoPacgends'75.. 14 814 81 81 Mo Pacific 53 F'77. 35 102 101% 101% Mo Pacific 5s H'80. 22 102 101% 102 Mont Tr 1st 55 41.. 1 100% 100% 100% Nassau Elec 4s'51. 22 57 55 57 N&T&MGEsB'54. 5 100% 100% 100% NYCegn3%e"7... 1 8 85 85 NY Cen 4s 98 3 95 95 95 N Y Oentdb 4s'34.. 10 1004 1004 100% Y Creim 532013, 7 108% 108% 10815 YC&StL4s'37.. 18 98 9 98 NY C&StL 4%%'78. 38 97% 978 97% NYC®StL5M%sA. 3 107% 107% 107% NYC&StL5%sB. 1108 108 108 NTYC&StL6x'32. 8 102% 101% 101% NY NH&H 4%2'67. 13 96'«x 95 95% NY NH&H cvdb6s. 1 124% 12415 124% NYNH&Helt6s.. 3 106% 106% 106% NYO&W 1st4s'92. 11 51 51 51 NY W&B 4%48°46.. (3 91% 91% 911 Nor& Wnev4s'96. 1964 965 {96l Nor Pacific3s2047. 1 69% 694 §69% Nor Pacific 4s°97... 3 95 9474 9. Nor Pac 4348 2047.. 7 101% 1008% 101% Nor Pacri6s2047. 14 113% 113% 113% Oreg-Wash 48'61.. 14 94% 94% 94% ng 48 '48 Si T 9N 9% 91N Penn cv 4% 1105 105 105 Penn gen 4% 10 102% 1025 102% Pepn 143 70 17 98% 98k 98% Penn 4% s 63 16 102 101% 101% Penn gen 5s ‘68 1 1 1111 Penma 58 '64 4 106% 105 105 109% 110 1 85M % 13 110 < 3101% 101 101 . 24 105% 1056 105% 1 26'% 26% 26% 10 951 95% 951y 1 109% 109% 109% 5 105% 105% 105% 2 106% 105% 105% 27 109% 108% 109 2 101% 101% 101% 2 101% 101% 101% 15 100% 100% 100% 20 99% 99% 99% Philippine RR 4s. . P&WV4%sC'60. PCC&SLLBsA. Port Ry 5342, Port Ry L&P Por R L&P 1% Read gen 4758 A 97 Reading ¢%s B RIAr&L4%s'34. StL IM R&G 4s 4. .. 1008 1008 TAN 897 89% 108'% 5 874 87% 8% 86% 1 105% 105% 105% 77 101% 100%: 101% 3 102 102% 102% 98% 50% 50% 9215 and outside the department can use as a means of simplifying depreciation calculation and the computation 8% he textile manufacturers oppose this procedure in many instances and the bureau is ready to grant them & g (Copyright. 1930.) Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md. September 16.—| Potatoes, white, 100 pounds, 1.0082.253) barrel, 2.2543.25; sweet puuwl J; I:::Q 3.25a4.35; beans, hamper, 50a! 3 100, 2.5084.00; cabbage, ton, 12.00a20.0 carrots, 100, 2.00a4.00; caulifiower,| crate, 1.25a1.75; celery, crate, 125 ! corn, dozen, 15a35; cucum- bers, hamper, 50a1.20. eggplants,| 1.00a2.50; lettuce, crate, 25a75; peppers, hamper, 50a75; squash, hamper, 60a75;) tomatoes, -hamper, 40a1.00; packini stock, bushe], 35a75; apples, bushel, 50: 1.75; cantaloupes, hamper, 50a1.50; 8 hamper, 35a50; huckleberr! quart, 18a25; peaches, bushel, 1 4.00; pears, bushel, 90al1.60; water melons, 100, 10.00a40.00. Dairy Market. Poultry, alive—Chickens, nd, 20a28; Leghorns, ens, 20a28; Leghorns, 15a18. er 14all , 13220; guinea fowl, each) 50a65; pigeons, pair, 15a20. Eges—Receipts, 916 cases; mearby| firsts, 30a31; hennery white firsts, 35| Southern firsts, 28; current receipts, 27, Butter—Good o fancy creamery, pound, 36a42: ladles, 28a30: rolls, 278 28; process, 33a35; store packed, 24a23® Hay and Grain. ‘Wheat—No. 2 red Winter, export, 871%; No. 2 Winter, garlicky, spot, 8412 September, 8413; October, 85%. Corn—No. 2 domestic, yellow, new, 1.12al1.13; cob W&%Wll?& e—Nearby, g gu—wmz, No. 2, new, 40; No. 3, 48, Hay—Receipts, 37 tons. General hay| market mmx:hdznm‘.w Drought has| seriously curtailed nearby crops, chang- ing the entire situation. Sections - tofore shipping are now asking for of- fers of hay. Good clover mixed timothy new hay will bring from 22.00| to 28.00 per ton. ‘Wheat straw, No. 1, per ton, 9.00a m.%: oat straw, No. 1, per ton, 9.00a 10.00. U. S. TREASURY BALANCE. The United States Treasury balance announced today as of close of bus ness September 13 was $35,505.120.42. Customs receipts for the month to date were $15,088,596. Total ordinary ex- penditures, $4,802,201.05. CHICAGO DAIRY MARKET. CHICAGO, September 16 (#).—Butter, 9,417 tubs; firm; creamery, extras, 382 standards, 38'2; extra firsts, 37a3713; firsts, 351283615 ; seconds, 33a34. Eggs, 8,881 cases; easy; extra firsts, 2613; fresh graded firsts, 2513; fresh current receipts, 23';a24l3; ordinary current receipts, 18a21. Sales. High. StL&SFindsA.. 1 91 StL&SF4%s 75, 33 93 SUL&SF prin5sB. 9 103 S&L&SH gen 5231, 10 101 StLS W lstd4s'89.. 6 901 StLSWecvds'a2.. 4 99% StLS W 58’5 3 102 StP Un Dep 537 1091 StP&KCSL4%a. 99 SanA & AP ds'43. 9544 Seab A L rf 4s '49.. 41 Seab A L 48 st "50 5% Seab A L cv 68'45. . 48 Seab All F1 63 A '35, 40 Sou Pac 4% 99 SouP4%s'69 ww.. 1004 Sou P & Or 43877, 74 100% Sou Rwy gen 43 '56. 90% Sou Rwy b 111 Sou Rwy 6s 56 Sou Rwy 6%s Term As St L 43 53 Tex & Pac 63 B 17, Third Ave ref 4s 60 Third Av 1st 58 '37. Third Av adj bs Un Pac 15t 48 '47. Union Pac 43 ‘68 Un Pac ref 48 200! Un Pac4%s'67 Va Ry 1st 5862 Va Ry & Pow 68 ‘34 Wabash 4318 Lona 116% 123% 9315 1081 538 9810 34 99 925 . 94% 101 107% 101% 943 1043 10215 RAY, .25 1024 West Pac 65 '¢6.... 13 39% - 1 ek ok R0 anes