Evening Star Newspaper, September 18, 1930, Page 14

FINANCIAL . NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. BRIGHTER BUSINESS OUTLOOK IS SEEN Chicago Clothing Merchant Believes Buying Movement ! on Eve of Expansion. BY JOHN F. SINCLAIR. @pecial Dispatch to The Star. NEW YORK, September 18.—Salem ' N. Baskin, Chicago clothing merchant, | Just back from Europe, is hopeful of the business outlook. ! “It seemingly takes a distant per- spective of the United States to show one the uselessness and futility of eco- nomic upheavals,” he said. “The de- pression appears at a distance as the| work of an economic hobgoblin who has kept a ghostly vigil on purse strings. Slowly the veil is being lifted, for buy- ing goes only with belief, and belief, like truth crushed, is steadily rising and this time on a firmer foundation. “What we need, then, and what we are getting, is & public faith in com- modities and in commodity prices that transcends periodical hysterias of pros- perity and depression. Out of this wel- ter of fear and uncertainty there is emerging a greater public confidence in commodities of standard and branded character, a faith purified and strength ened by the baptismal fire of trying times. “The manufacturers who have main- tained their standards and stabilized their prices have by now achieved an immunity that will eliminate fear, for one thing, as & contributing factor to conditions such as we have just passed through.” Challenges Coolidge. Former President Coolidge’s recent statement that the nations composing the League “constantly think in terms of war,” while the United States has ‘g leader in limitation of arma- ments,” has ht a challenge from Raymond B. Fosdick, Rockefeller Foun- dation. According to Dr. Fosdick, in 1913 the United States had a fleet of 843,000 tons, Great Britain 2,222,000 tons and Prance 689,000 tons. But now the United States has 1,250,000 tons, Great Britain 1,275,000 tons, and France 587,000 tons. He attacks the Coolidge statement from another angle. For Navy arma- ment the United States is spending $375,000,000 now as against $137,000,000 in 1013, Great Britain is spending $335,000,000, as against $224,000,000 in 1913, and France $100,000,000, as against $124,000,000 in 1913. This shows, according_to the New York educator, that the United States is nding 173 r cent more than in 1913, Great ritain 49 per cent more and France 19 per cent less. other costs are added, including Army and air defense, the United States is now spending $850,000,000 an- ually, Great Britain $615,000,000 and ince _$370,000,000. Dr. Fosdick admits the League of Nations has made little progress on disarmament, because, he says, th world is still governed “by its fea But the United States ;lu made little progress, too, he contends. “And Mr. Coolidge is not helping the eause of peace when he preaches the doctrine of self-righteousness,” con- cludes Dr. Fosdick. Urges Co-operation. Sir William Jowitt, attorney general of Great Britain, who has been attend- ing the law conference in New York, pleads for closer co-operation between Great Britain and the United States. “I am convinced that the peace and the prosperity of the whole world de- pend upon the English-speaking peo- Pple.” he said. 0 “We seek no formal alliance or ex- clusive compacts, but we desire and in- tend to set such an example of friend- ship and sympathy as shall prove a model to the world. “Your people need not fear that the t government in England is work- for ‘Red ruin and the breaking up of ul.l':e:l We lm;o!hn‘m for lldbet'el' on between old sec- prosperity at home and abroad is the task to which Ramsay Macdonald and his colleagues have devoted them- sclves.” More than three-fourths of all of the trade of the world is carried on in muh-:punm countries. That in i is a powerful influence. It should make for world peace, providing both nations, the United States and the British Commonwealth, seriously at- tempt to work together in the develop- ment of world business. More has been done in this field in t&e ;fl. 5 years than in the preced- Factory Kitchens. Can any one reduce expenses by eat- ing? In Italy a woman wage earner who can make her money go twice as far as her fellow workers receives double pay. Agusto Turati, secretary of the Fas- eisti party, has a scheme of employing women based on this idea. Wages are low in Italy, for women especially, Tu- rati doesn't mean to raise them. He's going to try to make the lira go fur- Kitchens are being installed by fac- tory owners. Teachers of domestic sci- ence are holding cooking classes for the ‘woman workers, who are becoming adept in buying, cooking and serving food scientifically. The cooking school s | open during working hours and women receive regular pay while at class. It is Turati's contention that the modern generation, especially the busi- ness woman, knows little about such things. If this idea takes hold he be- lieves that the women will turn “thumbs down” on canned goods and do their marketing direct. Italy has a low standard of living, one of the lowest in Europe. From an American standpoint, Italians are very economical now. The women know how 1o prepare a nourishing and wholesome meal for very little expenditure. ‘Turatl’s idea looks like an excellent one for extravagant countries, but for Italy it seems far-fetched. What rice is to China, spaghetti is to Ttaly. And each is cheap. (Copyright. 1930. by North American News- paper Alliance.) WKOLESALE PBI’CES Py the Associated Press. General prices continued last week to show a slight downward trend, as their change was calculated by Census Bureau records. Figures which follow give the index for the week and com- parable periods, based on representing 1926_average wholesale selling prices as 100. In addition, selling prices for & ton of composite steel products at like periods is given: All Commodities. 13... 834 aosderiBRS 96.3 Week ended September Previous week ., Bame week last year RAW SILK FUTURES. NEW YORK, September 18 (Special) —Despite some betterment in trade conditions raw silk futures today opened unchanged to 1 point lower in the active positions, with the September option at 250 to 2.69 against Wednes- day's final of 2.67-2.70. The far east- ern markets reported Yokohama 3 high- | (Continued From Page 13.) Btock and Dividend Rate. North Am Aviation. . Nor Am (b10%stk).. North Amer pf (3) North Am Ed pf (6).. Northern Pacifie Oh1o O11 Co (2)...... Ofl Well Supply..... Ofl Well Sup pf (7)..510 Oliver Farm Equip., OlivF EqpfA (6)... Oliv Farm Eq cv pf.. Otis Elevn (23%) Owens 111 Gla: Pacific Coast. Pacific Gas & El (2). Pacific Lighting (3). Packard Motor (1).. Pan-Am Petrol (B) Panhandle P& R. ... Param’nt Publix (4). 106 Park Utah. . . 3 Parmeles Tran (60c) 4 Pathe Exchang ) 16 Patino Mine: > 2 Penick & Ford (1)... § Penick & Ford pf (1) 80s Penn Dixie Cement.. 3 Penna RR (4)... 12 People's Gas Ch (8),, 1 Petrol Corp (1%).... § Phelps Dodge (3). 6 Phila Co 6% pf (3) 2 Phila Read C& 1. 36 Philiips Petrol (n2).. 34 Pierce-Arrow (A)... 2 Plerce Oil Pierce Petroleum Pitts Steel pf (7) Pittston Co (75¢) Poor & Co (B) (2)... PRAm Tob A (3%), PR Am Tob (B).. Postal Tel & C pf ( Pressed Steel Car. . Proct & Gamb (2.40). Prod & Refiners Prod & Refiners pf Pub Sv NJ (3.40). Pub Sv N J pf (5). Pub Sv N J pt (6) Pub Sv E & G pf ( Pullman Corp (4). Punta AlegreSugar. . Pure Ofl (1%). ) Purity Bakeries (4).. Radio Corp., Radio-Kelth-Orph-A. 258 RR See 1 C stk C (4).5208 Raybestos Man 2.60.. 10 Real Silk (5)........ 89 Real Stlk Hos pt (7). 208 Rem Rand (1.60).... Motor Car (30¢), epublic Steel (4)... Republic Steel pt (6) Reynolds Metals (2). Reynolds Tob A (3). Reynolds Tob B (3). Richfleld Ofl (2)..... Rio Grande Ol (2 Royal Dutch a3.2166. Safeway Stores (5)., St Joseph Lead (13). St L-San Kran (8) . St L-San Fran pf ( Arms (2) Schulte Retall Strs. . Schulte Retall pt (8) Seaboard Air Line. .. Sears Roebuck 2% . Seneca Copper. Second Natl Inv. Servel Ine... .. Sharon St Hoop (1) Sharp & Dohme. ... Sharp & Do pt (3%) Shattuck F G (11%). Shell Union Oil Shell Un Oil pt Shubert Theate Simmons Co. . Simms Petrol (1.60). Sinclair Con Ofl (2).. Sinclair O1l pf (8). Solvay Am pf (5%). Sou P Ric Sug (1.40). Southern Cal Ed (2). Southern Pacific (6). Southern Rwy (8) Sparks Withing (1). Splcer Mfg..... Stand Brands (1%). Stand Brands pf (1) Stand Comm Tob Stand G & E (3%) Stand G& Epf (4).. Stand G & El pf (7) Stand Invest Corp Stand Oof Cal (23%). Stand O1l Exp pf (5). Stand Ollof N J (12) Stand Ol N Y (1.60). Starrett (LS) (12%) Sterl Sec cv pf (3)... Sales— 10 17 4 ). 1 4 4 7 . 4 1 1 1 2 1 4 4 10 » » 3 wuranderdrrelaBe R wleToere S5 - - Add 00. High. Low. 9% ~Prev.1030~ High. Low. 47 19% 113% 70% 4T 254 1% % 55% | 108 1021 104% | 9% 2 T | 48% 38 som| 1TH T4 225 | 26% 15% 7 10% 107% | 17 601 504 8% 1% | 8% 6415 | 6815 13% 40 11 19% 83 19% 9 10% 78 12% 55% 2% 19 1% 9% 10% 21 83 6014 37 200 25% 43% 56 36 40% 5% 28 Stewart. Stone & Studeba Submar} Sun Of1 8Tk 108% B56% 104% 7 30% 22% 107% 11 6314 16% 68% 435 9% 59 80 12% 53 5 5814 1% 8l 4 16 424 110 615 73 260 17% 30% 561 1 31% 211 1 4% ‘Tenn Co Tex Gul 14% Texas P Tha The Thomps Tide W Tide Wa Timken Timken Tobacco Transue Truax T Und-Ell Union C: Union O Union Ps Utd Fru; Utd Gas Utd Paps U § Dist U S & For Secur..... U S & For Sec pt (6). U S Frei Stock and Dividend Rate. Superior Oil. . Superheater (13%).. Symington (A)... Telautog C (11.35) Texas Corp (3).. Texas Pac Land Tr.. ich!r P (3.60) 'motd Co. . Tide Wat Oil (8 g Tide Wat Oil (pf (5). Thompson Starrett. . Transamerica (1)... Tri-Cont Corp. Vlen & Co (1.60) Un Tank Car (1.60).. Utd Afreraft, Utd Aircraft pf (3 Utd Biscult (1 60). Utd Carbon (2) Utd Cigar Stores Utd Corp (50¢) Utd Corp pf (3). Utd Stores (A) Utd Stores pf (213). D. C. THURSDAY, SEPTEMBER 18, 1930 Sales— Prev. Add 00. High. Low. Close. Close. 11 26 26 26 26 79% 8% TR4 80N 31% 301 31% 30% W 0w T 10715 10714 107' 1074 21 2% 2% 2% 43 43 43 BY 8y B 19% 19 19 1% 11 11 51% B51% 51% B5R% 58 58% 81, Bl 84 22% 21% 44 A4 12 12 21% 21% 920 20 21 20 11 10% 12% 12% B1% 81% 12% 12% 68 68 4% 4% 24% 23% 14 14 12% 12% 15% 22% 92 5 39% 216% 26% 5819 64 457 48% 7 33% 51l Bdw 36% 5 108 6% 10 17% 928 -Warner (1). Webster (4). ker Corp (3). ine Boat..... ot (6) . p & Ch (1) £ Sulph (4).. C&Oil. on Pr (2.40).. ter As (60c) ter As pf (6) Det Ax (80¢) Roller (3). Products. .. &W (1). raer (1.60).. -Fischer (5). arbide (2.60) il of Cal (12) acifie (10)... it (4).. & Im (1.20). erboard. .. .. ributing ght (3). U S Leather U S Leat her U S Leath pr pf (7 U S Pipe & F (2) USP& U S Rub U S Rub U S Sme U S Steel Vadasco nadiu ar C aEl& Wabash Iwor rner roer rren Wess O West Pe; West Pei West Pei West Pei w ern Western Westing! 11 13 Worthin Wrigley | 169 81 77 32% 47 58% 17 845 18% 17 20% 121 4% 101% 665 113% 6% 60% 104 68% 309 32% 39 32% Youngs 20 18 20% 121 4 A% | 104% 663 1144 6% 60% 104% 69 30% 33 1% 10:30 AM. Dividend rates as 6% tions. 60% 104 68% 30% 32% 39 stock. 3 Plus U S Realty (5). Vulean Det (4) Baking (A). rd Baking (B). War Bros cv pf (3).. Wess O & Sn pf (4).. Western Dairy A (4). Western Dairy (B).. ern Md. ... Yale & Towne (2) Yellow Truck. i per cent in_ stock. Der cent in stock, F 1st (1.20) .. ber. . & ber 18t pf. .. 1t & Ref (1). 1(7).. U S Steel pf (7). U S Tobacco (4).,, Univ Pipe & Rad Util Pow & Lt A (e2) 87 Sales Corp. m Stl (14) “hem...... 2 Pow pf (6).. 108 . 108 1 3 e 30 10 276 3 th Co (2). Bros Pict. .. Quinlan. ... Bros (3). 2 20s 15 3 nn ELA (7).. 20s nn El pf (6). 108 nn El pf (7). 60s nn P pf (7).. 208 2 1& Snow (2). Pacific p! Union (8).. 2 1 2 1 h'se AB(2). 9 Westing E & M (5).. 276 West E & M pt (5).. 1008 Wh Rock M S (1414). Willys-Overland Wilson & Co (A).... Woolworth (2.40) 8 8 1 25 26 gton Pump. (Wm) (4).. 122 3% 40 204 381 5 19 1 i 21% Spring 40 RIGHTS EXPIRE Mich Steel.. Sept22 69 Sales of Stocks on New York Exchange % % 190.100 12:00 Noon 890,800 2:10 P.M given In the mbove table 662,600 943100 the annual cash payments based on the latest quarterly or half yearly declara- n 100 shares. tPartly extrs. . ble in scrip. 1Plus 8 ver cent in stock lar_rate. b Payable in stock. d Payable in eash or stock. {Plus 10 per cent in hPlus 3 per cent In stock. k Plus '3 per cent in_stock. m Plus i Plus per cent in stock. n Plus & per cent in stock. pPlus 39% | preferred stock. r Subject to spproval of noctn'om-uu. uridks CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, September 1I—Th¢‘ following is a summary of important corporation news prepared by the Standard Statistics Co. Inc, for the Assoclated Press. News Trend. General Motors sales, which have been on a down trend since April, showed a moderate advance over the preceding month. Domestic consumer sales for the month were 86,426 units, 7.9 per cent above July, but 43.1 per cent below year ago. Eight months sales were 28.2 per cent smaller than in same 1929 period. Sales to dealers were about 10,000 units smaller than consumer sales, indicating further re- duction in new car stocks. For the eight months period, dealers deliveries exceeded consumer sales by about 2,00 | units whereas in the like 1929 period dealer deliveries were 87,204 above consumer sales. Further unfavorable dividend an- nouncements are included in the d: corporate news. American Pneumatic Service and Baxter Laundries passed preferred disbursements due at this time, while Hibbard, Spencer and Bartlett and L. C. Smith & Corona ‘Typewriter reduced current quarterly payments. The Kelly-Springfield re- ceivership action has been dismissed. The Companies. American Pneumatic Service passes 75 cents quarterly second preferred divi- dend currently due. Chicago & Alton Rallroad Protective Commitiee, currently formed for 4 per cent preferred stock. Brooklyn-Manhattan Transit reported compromise price for properties by city will be around $203,000,000. Dominion Stores, Ltd., sales five weeks to August 30 off 6.8 per cent. Federal Mining & Smelting net in- come, before depreciation, depletion and nine months to July 31, wa $926,527, against $2,168,773 year ago. General Motors August sales to deal- ers, including Canadian and overseas, 85,610 units, against 79,976 in July and 168,185 year ago: seven months, 929,805, against 1,529,481, August sales to con- | sumers by dealers were 86,426, against 80,147 in July and 151,722 year ago; 8 months, 824,402, against 1,146,552, Grigsby Grunow Co. eurrent output around 2,500 sets daily, about one-half that of year ago. Hibbard, Spencer & Bartlett reduce | monthly dividend to 25 cents; pald 35 cents formerly. Public Service of New Jersey August surplus, after charges, off 9 per cent; 12 months to August 8.4 per cent above | year ago. Kelly - Springfield Tire receivership suit dismissed by chancery court. er to one lower and Kobe 1 to 17 ints off. One private estimate placed ymber silk consumption at 48,000 es compared with 53274 & year ago. BANK CLEARINGS. NEW YORK, September 18 (Special). —New York bank clearings today, $1.- 047,000,000; a year ago, $1,605.000,000. New York bank balances today, $170.- 000,000; & yepr ago, $225000,000. New York Federal Reserve Bank credits to- day, $150,000,000; & year ago, $202- 000,000, Singer Mfg. share in 1929, vs. $26.63 in 1928. L. C. Smith & Corona Typewriter re- duces quarterly common dividend to 25 cents; paid 75 cents previously. A. G. Spalding & Bros. earned $3.57 common share in 9 months to July 31 United Gas natural gas sent out in year to June 30 exceeded 190,000,000~ 000 cubic feet. Willys-Overland Co. reported August sales 30 per cent above July. | Of Shelbyville, Ind., chairman of the earned $27.47 capital | on 1,099,827 shares in first half, against | FRANCIS L. THOMPSON Executive Committee of the Allltfll‘lll‘ Association of Personal Finance Com- panies, which holds sixteenth annual | convention in this clty September 23 to 28. Kanawha Power, subsidiary Union Car- bide & Carbon, involving $1,000,000. American Agricultural =~ Chemical (Conn.) adopts capital readjustment plan calling for exchange of present shares for 317,875 no par shares Amer- ican Agricultural Chemical (Del.), sub- sidlary; 284,552 shares to be issued -for present preferred on share-for-share basis, and 33,323 shares to present com- mon on basis one-tenth new for each present; readjustment eliminates $39.- | 837,406 profit and loss deficit and ac- | cumulated preferred dividends over $16,- 000,000; properties would be transferred to Delaware company. [ Assoclated Gas & Electric System sales gas and electric appliances first | seven months were $5,952,000, increase 50 per cent over year ago. Ceco Manufacturing passes 2 per cent quarterly stock dividend currently due. Citles Service August net income available for reserves and common divi- | dends up 35 per cent; 12 months, 65| Der cent above year ago. | Continental Motors to make motors | for Mathis cai ! Ford Motor accounted for 41.6 per | cent domestic new car registrations in| fisi seven months. | General Motors list prices new Cadil- | lac 12-cylinder line range $3,795-$4,895. Long Island Railroad earned $157 $275 on 709,882 shares year ago. Reynolds Spring had deficit $96,046 in first half, a st profits $127,651, before taxes, year ago. Shubert Theater had deficit $1.231.- 108 in year to June 30, against profit $1,076,377 previous year. Telautograph Corp, earned $1.02 com- mon share in first elght months, against CITIES SERVICE NET INCOME SETS RECORD Annual Return $57,110,650, Ac- cording to Company’s Report to Stockholders, Special Dispatch to The Star. NEW YORK, September 18.—Cities Service Co’s met earnings for the 12 months ended August 31, 1930, were 357,110,650, a new high record for any 12 months in the history of the com- pany, and an increase of $18.452,734, or 47.73 per cent, over net earnings for the year ended August 31, 1929. The com- pany's net earnings for August, 1930, were $4,652,088, an increase of 35.60 per cent over the same month last year. Net to stocks and reserves for August, 1930, were $3,636,092, an increase of 20.37 per cent over August, 1929. Net to common stock and reserves for Au- gust, 1930, amounted to $3.022,629, an inorease of 3478 per cent over August, Net, earnings of Cities Service Co, for the 12 months were 7.50 times interest and discount on its debentures. Net to stocks and reserves amounted to $49,- 502,465, or 6.80 times preferred stock dividends. This compares with $32- 382,399, or 4.77 times, for the year ended August 31, 1929. Net to common stock and reserves amounted to $42,231,929, or $1.46 per share on the average num- ber of shares outstanding, an increase of 64,94 per cent over the yrevious year, when net to common stock and reserves amounted to $1.13 per share. Net earnings for the first eight months of 1930 compared with the first eight months of 1929 show an increase of over $13,500,000, while net to stocks and reserves have increased over $13,000,000, and net to common stock and reserves rose 72.55 per cent from $17422,66 to $30,063,152 over the same period. Markets at a Glance NEW YORK, September 13 (%) Stocks weak; pivotal shares sold freely. Bonds irregular; stock privilege issucs decline. Curb_heavy; utilities sag in dull trading. Foreign exchanges irreg- ular; German mark gains. Cotton barely steady; favorable weather. Sugar easy; trade selling. Coffee higher; steady Brazilian markets. CHICAGO, September 18 (/). —Wheat easy; bearish foreign reports. Corn easy: liquidation and favorable Iowa advices. Cattle weak to lower. Hogs steady to higher. METAL MARKET. NEW YORK, September 18 (#).— Copper quiet; electrolyctic spot and future, 10%4a10%. Iron quiet, un- changed. Tin dull; spot and nearby, 29.80; future, 30.00. Lead steady; spot, New York, 5.50; East St. Louis, 5.35. Zinc steady: East St. Louis, spot and future, 4.25a4.30. Antimony, 7.75. INVESTMENT TRUSTS NEW YORK, September 18 (#).— Over-the-counter market: Pederated Cap. ... | Eauities 94 cents in 1929 period. Westinghouse Electric & Mfg. obtains order for four generators from New W Veader-Root, Inc., earned $1.70 com- mon share in 34 weeks to June 21. \l | Mohawk Invest. Shawmut Bank Others unchanged. | there | Wash. Gas s, series GERMAN BOND LIST| [ vonx BONDS oo scauve] Received by Private Wire Direct to The Star Office CONTINUES WEAK Domestic Group Firm and Volume of Trading Re- mains Small. BY F. H. RICHARDSO! Special Dispatch to The Star. NEW YORK, September 18.—Con- tinued weakness in German bonds was the feature today of investment dealings. Both the reparations 7s and the new 51,8 were off fractionally under heavy selling, and a long list of German dollar obligations like German Central Bank 6<, Berlin 645 and United Steel Works 6155 were carried down with them. Domestic bonds were firm. Money rates were unchanged. Volume Was about on a par with, that of Wednesday. In view of the fact that the German government today abolished the 10 per cent coupon tax on German internal bonds and stocks, the weakness in that country’s bond reflected a peculiar sit- uation. While Germany’s dollar obliga- tions are not directly affected by the tax, since it applies only to internal offerings, its abolition is a bullish point for German securities generally, as it manifests a return to a conservative economic regime, despite the wide dis- appointment over the recent elections Vast amounts of German capital have been exported to Switzerland, Hol- land, England and the United States to escape the 10 per cent coupon tax, and these should now start returning to Germany. ‘This movement, however, will not be of immediate importance as the Bruen- ing government in Germany is menaced by large Communist and other radical blocs, and Germans continue to view with skepticism the solidity of their own economic structure. Nevertheless, much of the liquidation of German dollar bonds today could be traced to German investors who, believing that the dropping of the coupon tax fore- shadows a wide advance in German securities, have hastened to buy them at their current low levels. Other foreign obligations like Hun- gary 7l5s, Batavia Petroleum 4158, Denmark 4ls, Serbian 7s and even some of the South American descrip- tions, where large amounts of German capital have drifted, were off slightly under the same influence. French, Belgian and Japanese issues were strong. Domestic bonds of high grade were stronge Canadian National 5s, P.nnsylvania 4l5s, Inland Steel 4l5s, Stadard Oil of New York 415s, Standard Oil of New Jersey, Columbia Gas 5s and Utah Power & Light 5s advanced, some of them to new highs. Convertible bonds were comparatively inactive, though there were small gains in American International 5l5s, Com- mercial Investment Trust 5!5s, South- ern Pacific 4)2s and International Tele- phone 415s. were active. St. Paul 55, International Great Northern adjustments, Missouri- Kansas-Texas adjustments and Boston & Maine 55 went to new highs on the current movement, and there were small gains in a long list of similar bonds.. Industrials were led upward by Na- tional Dairy Products 5%s, with a small gain in active trading. Cuban- American Sugar 8s advanced 115 points. Pan-American Petroleum 6s and Brook- higher. Hudson & Manhattan income | 5s, with a gain of nearly a point, fore- shadowed an earnings report confi- dently expected to show a substantial increase. There was a total of only a little more municipal. Washingtar Stock Exchange SALES. Washington Gas 6s A—$100 at 102%. Potomac Electric 5% pfd—10 at 1085, 10 at 108%%. Lanston Monotype—10 at 115, 10 at 115, 10 at 115. AFTER CALL. Potomac Electric 6s 1953—81,000 at 10915, Columbia Sand & Gravel pfd.—1 at 92. Notice.—This exchange adjourned out K. Parris, who died today, September 18, 1930. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telga, 4'25 '33 Amer, Tel, & Tel. &1as 39 Am. Tel. & Tel. ctl. tr. 8s Andcostia & Pot. R, R. 55 Ana. & Pot. guar. 5s.... C. & P. Tel of Va. bs Capital Traction R. R. 55...0 City & Suburban 55 Georgetown Gas 15t 55 Potomac Electric cons. Potomac Elec. 65 1953 Wasli., Alex. & Mt. Ver Wash.. Baitimore & Annal Washington Gas 8. 5% ot p. 85 Wash. Wash. Gas 65, series Rwy. & Ele D. C. Paper | W. M. cold Wash. Cons. PUBLIC UTILITY. Amer. Tel. & Tel. (9).... .. Capital Traction Co. (4)... Wash. Gas Light Co. (18} N. & W Steamboat (12) Pot. Elec. Power 670 bl Pot. Elec Power 5 Wash. Rwy. & Elec. com Wash. Rwy. & EL pfd_(5) ... NATIONAL BANK. Capital (14) 4 Columbia (12).., . Commercial (stampel) (10).."] District (8) Ah s Federal-American Liberty (7). Lincoln _ (12) Metropolitan. ~ (14) Riggs (15) 3 Second (9€) Washington 103 (13 TRUST OOMPANY. American Sec. & Tr. Co. (15) Sontinental Trust (6) ... Merchants' Bank & Trist National Sav. & Trust (1 Prince Georges Bank & T Union Trust (86) % Wash. Loan & Trust (15) SAVINGS BANK. Bank of Bethesda (61) Commerce & Savings East Washington (12) Potomac Savings Bank (i0). Security Sav. & Com. (1T) Seventh _Street (12).. ted States (30) Washington Mechanics " (20) FIRE INSURANCE. American (12) Corcoran (10)..... Firemen's _(8) National Unon’ (18).1°." TITLE INSURANCE. Columbia_(6h) s Real Estate Title & Inv. 16} (6h) Co. Md com MISCELLANEOUS. Barber & Ross. Inc.. com Chevy Chase Dairy bfd Col. Sand & Gravel pfd [l N | Gol Medical Bids. Corp Emer. Bromo-Selz, © Federal Storage pid Fed.-Am. Co com (1.20( Fed -Am. Co. pfd. (6) Lanston Monotype (8 Mer. Tr. Mer. Tr Natl. Mige. & Inv. Peoples Drug Storés pfd Real Est. M. & G, pfd Security ‘Storage (4e) Ter. Ref. & Wh. Corp. Carpel Corp. (1 W. Mech Mtee. com (8., Wash Med. Bldg. Corn.. . Woodward & Lothrop pfd." (1) *Ex_dividend. 52¢. extra B Books closed. nase extra. 130c extra §1% extra. dEx rights. el1a% extra. [ TREASURY CERTIFICATES. (Reported by J. & W. Seligman Rate—Maturity Bid 3%us Dec. 15, 1930...... 100 11-32 2%s June 15, 1931 © 100 16:32 235 Sept. 15 3 100 1-32 jinder I fR 0 1048 Yo t 3 = 3143 Deo 15, 1933. 100 30-32 o Junior obligations of the railroads | lyn-Manhattan Transit 6s were also than 2,000,000 of new bonds, entirely | of respect to the memory of Mr. Albion UNITED STATES. (Sales are in $1,000.) Sales. High. Low. 30 101 101 75 1027 1025 48 1036 1034 2 10611 1068 51 10813 1088 4 11225 11225 FOREIGN. Sales. High. 89 911 97 Close.. 101 1027 1036 106 11 108 8 11225 Lib3%s.... Lib 1st 43,8, Lib 4th 4%s US3Y USds'4 USd4ys’'s2. Low. Close. 89 9 91 Argentine 545 Argentine 5456 Argentine May 61, Argentine 6s Ju 59, Argentine 6s Oc '59. Argentine 63 A '57. Argentine 6= B '58. Australia 4165 "56. . Australia 5s '55. Australia 55 '57 Austria 7s 43 Bk of Chile 6% Batav Pet 4145 '4 Belgium 6s " Belgfum 61 ‘49 Belgium 7 Belgium 7s '56. Belgium 8541, Bolivar 78768, ..... Bolivia 75 ctfs'69. . Bolivia 854 Bordeaux 65 '34. Brazil 615 Brazil 614527, Brazil . Brazil 85 '41. Bremen 75 '35 Canada 5s '52 Chile 6560, . Chile fs "1, Chile 7=°42........ Colombia_6s Jan '61 Con Pow Japan 7s. . Copenhag 4% Copenhag 5s '52. Czecho 85 '51. . Denmark 41%8°62. . Denmark 5%s '55. . Denmark 68 '42. ... Dutch East I 65°47. Dutch East I 65 '62. El Salvador 8s'48.. Flat 7s ex war "46.. Finland 51 '58... Finland 78 '50 Fram [ D 7% French 7s 4 il . French Gvt T%s '41 24 Gelsenkir Min 6s ‘34 15 German 538 '65. .. 242 German Bank 6538 12 German 615 '50. .. German 7s rep "49. Greek 6563 . Hungary 713 '44. . Irish Free St 55'60. 3 Italy 78 '51. J Italy Pub Sv 78 Japanese 4s ‘31 Japanese 5348 . Japanese 6158 '54. . Jugosl Bank 7s'57. Karstadt 6s 43 | Kreug & Toll Lyons 65'34. | Marseille 6534, Mex 45 asst Milan 6%s 6 ew So Wales w So Wales | Norway 5s'63 | Norway 514 s '65 35 1 105 97T% 95 105% 109 114% 110 105% 10914 114% 110 108% 67% 1097 114% 110% 108% 674 66% 88 100% M 100% 110% 94 101% 105% 102% 102% 109% 89% 85% 99%, 108% 120% 125'% 9314 105% 874 99 100 100% 98% 95% 97% 93% 105% Norway 63 5 Orlent dev 5%s '58. Orlent dev 65 ‘53 Parls-Ly M 6s Pari: ¥y M 78’58, Par 5 | Peru 6s'60. Peru 6s’61, Peru7s "5 Poland 6s'40. Poland 7s'47 Poland 8s'50. .. Porto Alegre 8 Prague 7%s Queenland 6s'47... Rhine West 6s ‘52. Rhine West 6s "53 Rio de Jan 8s "46 R.Gr De Sul 65" R Gr De Sulfs Rome 8158 "5 Roy D 4545 ww. Sao Paulo 8s Sao Paulo 8s ‘50 Saxon 7s '45. Seln ‘42 Serbs-Cr 81 7s '62 Serbs-Cr-S1 85 '6 wedem 515854, | Swiss 51,8746, ... . Swiss Confed 85 40 Toho Fl Pow 6s *32, Toho Kl Pow 78 %55. Tokio bs ' Tokio 5%8°61. . Utd King 54 5 '37 Urug: v 63 °60., 8s 46, Vienna 6s'52 105% 105% 106% 100% 1004 815 928 105% 106% 100 1001 813y 928 10; 94 1054 5 87% MISCELLANEOUS. AbItiI P& P 58’53 11 874 Ab & St 515843 1101% Adams Exp 45 '48.. 10 91 Ajax Rubber 8s.... 2 48% Allegheny &5 44... 10 100 Alleghany 53'49... 10 99% Am Ag Ch T%s 41, 1044 Am Chain 6s '33. 1025% Am F P 5%s 203 89% AmIGCh b 107% Am Int Cor 5% 100 Am Metal 514 Am N Gas 618 " Am S&R 1st b3 Am Sug Ref 6s Am T&T ev 4% Am T&T 565 94 105 874 8714 101% 911y 4814 100 998, 10414 1024 8 45 . Arm & Co 4148 Arm Del 5148 '43. Asso Oil 653 At Ref deb 55 '37. Bell Tel Pa 53 B 48 Bell Tel Pa 65 C '60. Beth St p m 58 '36 Beth St rf 542 Bush T Bldg 6s Cert-td deb 514 '48 Chile Cop db 5s 47, Colon O11 65 '38 Col G&E bs May Com Invest 514 Com Invest 6s CC Md 1st rf 5s '50., ConG N Y 518 "45. C Am Sug col 85 '31. Det Ed rf 6s B '40. Dodge Br col 40. . Donner St 7s 42 ... Duquesne 4158 '67 Fisk Rub 8s 41, Gen Cable 51547, Gen Motors 6s ‘37 Gen St Cas 5138 "4 Gen Thea Eq 65 '40. od Ist 6158 47, Goody'r Rub bs Hum O&R 6% N1B T 1st pf 55 A Inland Steel 4 4 5" Int Cement 5848 Int Hydro Bl s 44, Int Match 5s 47.. In M M col tr 6s 41. Int Pap 6s 65 .. Int T & T 4368 '52 Int T&T v 4148 39 Int T & T 55 '55. Kan C P&L 5s A ° Kan Gas&E 4% '80 Lackaw St 55 50. Lac G St L 5s ‘34 Laclede 5158 C '53. . Laclede 533 D 60, Lautaro Nit 68 54. Lig & Myers 58 '61. Lig & Myers 75 "44. Loew's 63 ex war. Lorillard 68 '61. . Lorillard 5%s Lorillard 7s '44. . Lou G & EI 65 52, McCormack 6s ‘34, , Mid St & O 5336 Nat Dairy 614848 N Y Ed 18t 614841, NY ELH&P 5848, NY Tel 43539 N Y Tel 6341, 3 7 Nor Am Ed 585’ 1041 Nor Am Ed 6% 63 104 100% 474 106% 96 108% 1031 104 1041 102% 1004 114% 10874 10214 107 1044 104 Sales. High. 2 10T% or O T & L 65 "47. r St Pow 5s A ‘41 or St Pow 63 B "41 Pac G & E158'42. .. Pan-Am Pet §5°34. Paramount Peoplés’'Gas 5 Phila Co 53 ‘6 Phila & Read 65 '49. Phil Pet 514839 ., Pos Tel & C bs '53, Pub Sv G 4% Rem Arms 6s A ‘37, Rem R'd 613 A *47. Richfi'd O cal 65 "44 Sincl O 61%s B'38.. Sincl O T8 cv A Sinel Cr O 5% s '38. Sinclair P L 58 *42 Solvay Am b Tenn Cop 63 B '44. . Tenn K1 P 68 A '47.. Tex Corp ev bs '44 Trans Ofl 65 '38 d Drug cv 5s '3, J S Rublst 5547, Utah P & L 65’4 Util Pow 5% " Walworth 6s A "45. Warn Br Pic 6s 39, Warner Sug 7s"41. West I deb 55 '44. . West Un T 6536, Wh Sew Mch 6s 40, Wick Spen v 7= '3 Wil-Ov 1st 645 '33. Wil & Co 18t 6341, Win R A T1%s'41. You St& T 5s'78: .. Ann Arbor Atciison 43 Atchison cv 4155 48 Atch Ariz 448 62 At & Danv 4s ‘48, AtC L col 45’52 AtCL4%s'64. B&O 45’48 &WV 45 41, Bwn dv 55 50 B & O Toledo 4s Ban & Aroos 4s Bos & Me 55 1955, Bos & Me 58 6 Bkivn Elev 615, Bklyn Man 6s '68. .. Bklyn Un EI 58 '60. Bklyn Un 1st 55’50, BR & Pitt 438’57 Bush Ter con 5s '35, Can Nat 43,854, Can “an Nat 4345 '68.." Can Nat 4%s ‘70 Can Nat 5s July ‘69, Can Nat 58 Oct '69.. Can Nor 4348 '35, Can Nor 6345 db '46 Can South bs '62. Can Pacific db 4s. Can Pacific 415 '60 Can Pacific 55 '54 Car Clin & O 55 '38. Cent of Ga 58 C '59. Cent Pacific 4549, . Cent Pacific 5s 60. . Cen Ry NJ gn 5s ‘87 Ches Corp 58 '47. ... Ch& O 418 A'93 Chi & Alt 3s CB&Q4%s" A CB&QI1dv 314849 CB&Q 111dv 4s 49, Ch Gr West 45 '59. . Ch M & St P4s 89, Ch M&StP 4% s 89, Ch & NW con 4%s. ChRI&P4k%sA.. Ch TH&SE in 55 '60 Ch Un Sta 435 '63.. Ch Un Sta 55 B '63.. CCC&SL 436 (F) Clev Term 4158 '77. Clev Term 518 '72. Colo & Sou 4% s '35. Colo Sou 4% '30. .. Con Ry 418 8t '51. _ Cuba R R 58'52.. .. Cuba Nor 6%s 42.. Del & Hud rf 45 '43 Del & Hud ev 5s '35, D& R Gr.en4s'36., Den & R G W 5855, DRG & W st 5578, Det Utd 4348°32.... Du S Sh & At 5537, Frie 1st con 4s'96. Erie con 4s A '53 Fla E Coast 58 '74.. Qr Trs fdb 6 Gr Trunk r Nor4l4s r Nor gen 78 '36. . Gulf Mobile 55 '50. . Hav El Ry 518’51, Hock Val 414599, . Hud & M adj 55’57, Hud & M rf 58 '57.. Illinols Cent 4s %51, 111 Cent 45 '63 bk 111 Cent ref 4s '55. . 111 Cent 6345 '36 111 C > 4 11l CCSIL&N $s A . Int Rap Tr 63 '66 .. Int Rap Tr st Int Rap Tr 6s '32. Int Rap Tr 7s 32 Kan C FtS&M 4s Kan City Sou 5s ‘50, Kan City Ter 45 '60. Lake Shore 4s'31. . Leh Valcv 48 2003 . Leh Vev4lgs 2003, Leh Val 5 Long Isl 8756 L&NIstrfss. ., Manh Ry 1st 4s'90. Man Ry 2d 45 2013 . Mil E Ry & L b3 '61. M StP&SSM con 4s. M SIP&SSM 6s gtd. M StP&SSM 6%s. . MK&T4sB62... MK & T adj 55 '6 MK&TprinbsA. Mo Pac gen 48 '75. ., Mo Pacific 55 A '65. Mo Pacific 68 F 77, Mo Pacific 55 G '78. Mo Pac Mob & Oh 414877, Mont Tr 1st 55 41.., Nassau Elec 45" N&T&M5s B NOT&M5 ¥ Cen3y ¥ Cent 4 ¥ Cen 4s 9 ¥ Centdb 48 34, Y Cent 41482013, Y Creim 53 2013 N ¥ Cent db 635 . Y C&SLL db 45 '31 NYC&StLbksA. YC&StLb5%sB. H&H 4145 '67. NY NH&H v db & NY W&B 4148 '46. . Nor & Wn cv 4596 Nor Pacific 35 2047 or Pacific 45 '97. . or Pac 438 2047.. Nor Pac r 1 65 2047. Oreg-Wash 43761, . Penna 45’48 Sta. .. Penn cv 45 '60. .. Penn gen 448 '65. . Penn 4145 '70 Penn 4% s 63 Penn gen 65 '6! Penna bs '64 Penn 6148 ‘36 Pa Oh & D 414877, Pere M 1st 45 '66. . Pere M 1st 68 '56. .. PCC&StLASA.. N N. N N PCC&StLESB. . P& WV 4nC 80 Port Elec 63'47. e 1 3 10 14 Atchison gen 4s '95. 35 . 10 Ch M St P &P 5s 75 48 Ch M & St P adj 6s. 103 Ch & NW 4% 52037, 31 42 ChRI&Prf4s’34. 21 ChRIcv4%s’60.. 189 18 6 2 e [PPSUPPS - FINANCIAL NEWIL. S BUSIESS SERVICE PLANNED 100% .w‘!Census Bureau Will Issue 106 105 vE s 1oz Preliminary Reports on Various Firms. 100% 1004 | 97 | 9244 | . mz',{ 9614 100 Preliminary reports by cities on 87 | conditions in retail and wholesale firma 1034 will be issued soon by the Census Bu. 1021 | Teau’s new census of distribution. Fig. 102% | ures will be released on full-time em- 994 | ployment, salary and wage scales, net 10414 | sales and amounts of goods on hand as 100 | of December 31, 1929. This information will be shown on the retail reports for the following groups of stores: Automotive, food | stores, general merchandise stores, furniture and household appliances. ap- parel, lumber and building material eating places, drug stores and all other leading types of stores, in so far as the detailed information can be shown without disclosing information on in- dividual concerns In the wholesale reports, the infor- mation’ will be shown. when possible, for the following types of -establish ments: Automobiles and automotive equipment, chemicals and drugs. con= fectionery, dry goods, eléctrical goods, furniture 'and house 'furnishings.. gro- ceries, hardware, leather and luggage, live stock, machinery, equipment and supplies, meat and meat products, pe- troleum and petroleum products, produce, textiles and textile materials, and all other wholesale establishments. Furthermore, the data also will - be shown by types of distributors, such as wholesalers, brokers, selling agents, etc. No service businesses, such as laun- dries and barber shops, are included in the retail reports. Neither are part- time employes included in the_count -ef employes of retail stores or wholesale establishments, but the total salaries and wages will include the entire pay roll. Later releases will report part- time employes and their wages sepa- rately. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., September 18.~ Potatoes, white, 100 pounds, 1.75a2.10; barrel, 1.90a3.25; sweet potatoes, bat- rel, 3.25a3.75; beans, hamper, 50a1.25; beets, 100, '2.00a5.00; cabbage, ton, 12.00a18.00; carrots, 100, 2.00a4.00. caulifiower, crate, 125a2,00; crate, 1.25a1.75; corn, dozen, cucumbers, hamper, 40a60; eggplants, hamper, 40a90; _lettuce, crate, 2.50a 5.00; peppers, hamper, 25a40; squash, hamper, 50a75; tomatoes, hamiper, 40a 1.00; packing stock, bushel, 30a60; ap- les, ~ bushel, 50a1.75; cantaloupes, amper, 25a1.00: grapes. hamper, 35a 50; peaches, bushel, 1.50a4.00; pears, buihel, 9081,00; watermelons, 100, 10.00 240.00. x 1.ow. Close. 1074 107% 10814 108% 106 106 1034% 108% 1031 106 108% 10420 100%° 105 1021 RE% 9318 9714 13014 celery, 15a35; 103% | 102% 102 96% 105% 114% 100% 100% 744 Dairy Market. Poultry, alive—Chickens, Springers, pound, 20a27: Leghorns, - 15a23; old hens, 20a27; Leghorns, 15a18; roosters, 14a16; ducks, 13a18; guineafowl, each, 50a65; pigeons, pair, 20, Eggs—Receipts, 602 cases: nearby firsts, 30; hennery white firsts, 3A: Southern firsts, 26: current receipts, 27. Butter—Good fo fancy greamery, pound, 36a42; ladles, 28a30; rolls, 27a 28; process, 33a35; store packed, 24a25. Hay and Grain, Wheat—No. 2 red Winter, export, 9; No. 2 Winter garlicky, spot, 867, September, 867 ; October, 873. Corn—No. 2 domestic, yellow, 1.12a1.13; cob corn, 5.2585.50. Rye—Nearby, 65a70. Oats—White, No. 2, new, 48a48l5; No. 3, 47a4715. g Hay—Receipts, 11 tons. _General hay market strengthening. ~ Drought has seriously curtailed nearby crops, chang- ing the entive situation. Sections here- tofore shipping are now asking for of- fers of hay. Good clover mixed and | timothy new hay will bring from 24.00 to_28.00 per ton. Wheat straw, No. 1, per ton, 9.00a ! ig gg; oat straw, No. 1, per ton, 9.00a new, Live Stock Market. Cattle—Receipts, 1,600 head; good supply; market dull and lower. Steers—Choice to prime, none; good to_choice, 8.50a9.25; medium to good, 6.7528.00; fair to medium, 5.75a6.75; plain to fair, 5.00a5.75; common to plain, 4.5085.00 Bulls—Good to prime, none; good to choice, 5.75a6.00; medium to good, 550a5.75; fair to medium, 5.0085.50; plain to fair, 4.50a5.00; common to | lncln. mgaua. ows—Choice to prime, none; good to_cholce, 5.005.50; medium to good, 450a5.00; fair to medium, 3.504.50; plain to fair, 2.50a3.50; common to | plain, 2.00a2.50. Heifers—Choice to prime, none; good to choice, 6.00a7.00; medium to good, 550a6.00; fair to medium, 5.0085.50; plain to fair, 4.5025.00; common " to plain, 4.00a4.50. Fresh cows and springers, 30.00840,00. _ Sheep and lambs—Receipts, 500 head: | lighter supply; market steady. Sheep, 1.00a3.50; lambs, 4.50a9.25. Calves—Receipts, 100 head: light {upply;. market steady. Calves, 5.008 100% 981 100% 9814 0% 938, 10914 9915 MONEY MARKET. | NEW YORK, September 18 (@) Call money renewed at 2 per cent to- day. Funds were available in the out- side market at 1% per cent. . Time money was dull and unchariged. Demand for bankers' acceptances, es- pecially short maturities, was strong, With asking rates steady and uhchanged: Commercial paper was unchanged, with best names quoted at 3 to 3% per cent. 917 100% 110% 101 106 Bak 46 1034 91 98 101% 90 101 sn.\fi:n QUOTATI(;NS. NEW YORK, September 18 (#)-—Bar silver, 37. 5414 46 103% £ 9R%, 101% 90 101 104% 817 108 10214 102 101 | 108% 954 100% 56% | Port Ry 58 '42. ... Port Ry L&P 6s°47. Por R L&P T3%s 46 Reading 4%s B Rio Gr W 1st & RIAr & L 4%s'34. StL'Tr M'nt s '31.. |StL&SFindsA.. tL &S F 4345878, L&SF gen 68 31. LS Wey4s'32.. Seab A Lrf4s'4 Seab A L cv 63 '45 eab Al F16s A '35. on Pac col 45 49.. ou Pac ref 48 ‘55 ou Pac 4158 '68 SouP 4%s 69 ww.. ou P & Or 4%s 17, Sou Rwy gen 45 '56. | Sou Rwy 68 °94..... Sou Rwy 65 '56..... Term As St L 45 53 Pex & Ark hl4s '50. Third Ave r Third Av 15t 5 d Av ad) 586 Un Pac 15t 4847, Union Pac 48 ‘68 Un Pac ref 4s | UnPac4ts'67.... Un P 18t rf bs 2008, Va Ry 15t 58'62. .. Va Ry & Pow s ‘34 Wahash 418 18. .. Wabash 1st 55’39 Wabash 2d s5 39. Wabash 6s B 76 Wabash 51 West Md 45 West Md 5148 G West Pac5s '46. . Wis Cen gn 45 36.. 08. 100% 98% 105% 110% 1 1104 « 95% 100% 110% 111 10215 99 106 %