Evening Star Newspaper, September 18, 1930, Page 15

INBETTER TRADIG Gas Group Featured in Mod- erately Active Market. Leaders Sell Off. BY JOHN A. CRONE. @pecial Disprtch te The Star. NEW YORK, September issues, representing the natural and manufactured branches of the industry, provided some of the widest swings in today'’s moderately active and lower Curb Exchange session. Professionals, as usual, centered con- siderable attention on the market lead- er, Electric Bond & Share, which dropped more than 2 points. Citles Bervice was down a small fraction and its trend was followed by American Superpower, American & Foreign Pow- er, United Light & Power A and Stand- ard Ol of Indiana. Consolidated Gas of Baltimore dovwn 3! points. Contrasting this movement was the rise in Missouri- Kansas Pipe and later the gain scored by Dixie Gas & Utilities. The natural ®as list, however, was not without its #oft spots. Memphis Natural Gas, for example, opened off 1%. Appalachian Gas dropped a small fraction following the authorization of an issue of 100,000 convertible $7 pre- ferred shares, which will be offered later under a payment method providing for an initial cash outlay of 30 per cent and optional features regarding the payment of the balance. Radio shares were not active although two unfavorable dividend actions were taken in that industry. Eisler Electric equaled its previous low mark following the omission of ti 715 cents quarterly payment. Ceco Manufacturing Co. took no action on the 2 per cent quarterly payment due at this time. Universal Insurance Co, fell 4 points to 40, a new low mark for the year. Insurance securities and some others of the group appeared on the tape occa- sionally, but at unchanged quotations. General Tire & Rubber, one of the inactive industrials, came out at 120, or 10 points above its previous quota- tion, which incidentally was the low level for the year. Unfavorable divi- dend actions by several rul and rubber machinery companies recently, such as National Rubber Machinery's halving of its dividend, have brought about a slackened speculative intercst in this division. Standard Oil of Kentucky early equaled its previous minimum quotation. Gulf Oil of Pennsylvania was also lower. Imperial Oil of Canada continued to move higher, but at a slackened pace. ‘The lower-priced miscellaneous ofls again were in supply. PARIS BOURSE PRICES. PARIS. September 18 (#).—Trading was quiet and prices were steady on the Bourse today. Three pre cent rentes, 89 francs 35 gentimes. Five per cent loan, 101 francs 80 centimes. “&“fi)lnn(e_r:n z;don 123 franes 7115 ntimes. e ar was d at 25 francs 45 centimes. b i MOTOR SALES GAIN. NEW YORK, September 18 (#).—L. A. Miller, president of the Willys-Over- land Co., sald that the 30 per cent increase in the August business of the eordnp.ny over July ted & “‘definite and encouray & e S provement in purchasing power, pro- duction and um. o CHICAGD STOCK MARKET CHICAGO, September 18.—Followin; is the complete official list of 'nnue! tions in stocks on the Chicago Stock Ex- change today: By the Associated Press. a % High. Low, e :% i 8% 8 ¥ o o O T e SERRE SBRNEE. EENEEE08 e Sue ! * BBENSENINE) SR ~BRR8. 55 Fars 400 Gen Thea Ea.. 100 Gen Wat Wk A’ . 100 Gleaner xd .. 70 Goldblat( g 100 Gt Lakes Aircraft 400 Gt Lakes Dredge 700 Grigeby-Grunow . Fius. .. 0o o 50 Harnischieger . 200 Hibb Spen Bari 100 Hormel & Co.. 350 Houdallle-Her 600 Houdaille-Her 1¢ T 50 Lynch Corp........ 00 Majestic House Ui 4731 00 Nat Secur In 1375 50 Net Secur Iav eii Term. ... i # 2 3‘" e O Southwest Rath Pack 50 700 100 B R e 4 o... T 90,800 shares. Insull U] 8540 10225 103 ] icago COrp. Y 12% V0 e odns, 49,900, 18.—Gas | \dend Air Investors (war). 4 All AmGen Corp. ... 1 Aluminum Co of Am. Alu Co of Am pf (6).. Alum Goods (1.20).. Alum Ltd cum pf 6). Am Capital (B) Am Capital pf (3) Ain C P&L B (10%) . Am Com P A (b10%) AmComPB (10%).. Am Cyanamid (B).. Am Gas & El (31) Am Gas & El pf (§ ‘Am Invest Inc (B). Am Lt & Trae (2%).. Am Maize Prod (2).. Am Natural Gas..... Am Phoenix Corp(3) Am Superpow (1)... Am Superpwr 15t(6) Am Transfor (1.40). i Am U & G B vtc 40c. Anglo-Norweg H 25¢ Appalachian Ga. Ariz Com Mining Ariz Globe Copper Ark Nat Gas (A).... Asso Elec Ind (30c). Asso G&E A (at2.40) 0 G & El ctfs (8). AsS0 G&E (A) db rts As20 G & E pf (5) Asso Laundries. % Asso Rayon pf (§) Atlas Util Corp. Auto Mus Inst (A).. Auto Vot M cv pf pt.. Aviation Credit Bahia Corp Bellanca Alrcraft. .. Blue Ridxe Cp (40c). Blue Ridge cv pfad.. Brazil Tr & Lt (h2).. Bridgept Mach (25¢) Br Celanese rcts. ... Bulova ev pf (3%).. Burco Inc (war). ... Bwana M Kubwa ble Radio T vte B - L L L L LT L Ier ooy ) 8 Sao Fa35 AR RN AN N R A RO BN Cent 8t El pf (6) xw. Centrifug Pipe (60c) Chain Store Devel. .. Chain Stores Stock. , Charis Corp (13).... Chat Ph Al nv (50c). Chicago Corp (The) . ¢ City Sav Bk Lid 4.1, Cities Serv (g30c). .. Citfes Serv pf (6)... Clev Tractor (1.60).. Colon Ol Col Ol & Gas vie. Col Plet vtc (£1%).. Colombia Syndicate. Com Edison (8). Com & Sou war. Com Wat 8v (b6%). Comstock Tunnel.. . Consol Auto Merch. . Consol Coppe ¥ Consol Dairy Pr (2). Cons Gas Balt (3.60). Copeland PrIncA. .. Cord Corp. . % Corp Sec Ch (b§%).. Cosden Oil. ... Creole Petroleum. Crocker Wheeler. ... Curtiss Wright war. % Dayton Alr & Eng. .. Deere & Co (1n1.20).. De Forest Radio. ... Derby Oil Refining. . Detroit Areraft Diamond Match w.i. Diamnd Mtch pf w.i Dixie Gas & Util. ... Doehler Die Casting. Duke Power (315). .. Duquesne Gas Cp wi. East G & F Asso East St Pow B (1) East Util Inv (A East Util Asso cv.. B Elec (1%4). El Bond & Sh (b6) 4 El Bond & Sh cu p El Bond & Sh pf (6). Elec Pow Ass0 A (1) Elec Sharehold (31). El Sharehold pf (26) Empire Corporation. Empire Fire Ins. .... Emp P Ber A (a1.80) 4 Europ Elec deb r Fabrics Finishing. 4 Fiat Stock deb rts. .. Flintkote (A) (1%). Florida P&L pf (7)., Fokker Aircraft. ... Ford Mot Can A 113 Ford Mot France 28¢ Ford Mot Ltd 37%c¢. Fox Theater CI (A Franklin Mfg pf (7). » Gen Alloys (80c). General Baking..... Gen E Ltd ret (50c). Gen Kl Ger rets 1.92, Gen Empire Cor(1). Globe Underwriters. Gold Coin (new).... Golden Centei Goldman Sach s Gold S GrA&PT (5).. 4 Guif Oll of Pa (1%). % Happiness Candy . - Hires (CE) (A) (2). Hudson Bay M & S. . Humble O] (2). 4 Hygrade Food P) Imp Oil of Can (50¢c) Imp Tob Gt B&I 189¢ Lnsull Util Inv 1h9% 1us Co N Am (13). .. Insurance See (1.40) % Int Holding & Inv Co ¢ Int Petroleum (1)... Internat Super (f1). Internat Util (B). Int Util war (new).. Int Utilitles A (334). tate Bquitie Cap Copper . Irving Air Chute (1). Irving A Chute war. . Jonas & Naumburg. . 4 Knott Corp (22.40).. Lefcourt Real pf (3). Lily Tullp Cup (1%) Loew's Inc war). ... Lone Star Gasn (1). Long Isld Lt (56¢). . Long Isl Ltpt (7) o - | mhiin SNBSS PP s 1 Sales— Allltm‘m High. Low. Close. Alabama Pwr pf (8). 758 !0:% % 110% 110% ~Prev. 1030.~ High., Low. 1017 96% 13 383 5% 6% undred-share lots s (80s) (2508) lots only. % 1% 1 Mavis B 551 Memphi: Mid Wet Midld Mo Kan Mo Kan Nat Am Nat Invi Nat PS 4 Nat Uni. New En; Newpor N Y Tel Niles-Bi Nordon Nor Ind Ohio Coj Ohio Po Ohio Pu Pae Fin Pac Ligl Pandem Pantepe Paramo 4 Petrol C Pilot Ras Polymet Pratt & Prudent Rock Lt Seg Loc! Spanish Spieg M 4 S Stand O} Stand Of and O Sunray Strauss Swift& 4 Technie Tenn kI Transfo Trans Li Tri-Con Tri Util 4 Trunz P Twin St UnNG Utd Car Utd Dry 3 Utd Fou Utd Gas 2 it d Gas 2% | 210 | 17 | Stock and Dividend Ra LaP&Lpt(6). MacMarr Stores (1). Manhattan Dearborn Marion St Mead Johnson (141 Met & Min Inc (1.20). Met Chain Stores. Met 5 to 50c Strs pf. Mid St Pet vic B. . Mid WStUt (1%)... Mid Roy ev pf (2). Moore Corp Ltd (1).. Nat Fam 8t b2% % Nat Fuel Gas (1) Nat Pow & Lt pt (6). Natl S T Sec A fé0e. Nebel (Osec) (623%¢). Nelson (Herman) 2.. N J Zinc (23%). N Y Merchandise (1) Niag-Hud Pow (40¢) Niag-Hud Pow A w.. 4 Noranda Mines (2).. No Am Aviat A war, No Am L & P pf (6). Nor Europ O1l Corp Nor St Pow A (8). 4 Nor St Pow pf (6). Novadel Agene 131 Oilstocks Ltd A 50c. . Outboard Mot (B)... Pac G&I 18t pf (13%) 1 Fac Pub Sv (1.30). Pac Western Oil Parke Davis (11.65). i Patterson Sarg (2).. Pennroad Corp (20c) Penn Gas&El (a1%). Peifn Mex Fuel (2).. Perin P & Lt pf (1) Philip Morris Ine Pitney B P n (20c) 4 Prince & Whit (25¢). arrett Corp Starrett Corp pf (3). Teck Hughes (60c). . Texon Oll&Land(f4) Tobacco Pr Exports. Un Oil Asso ( Utd Corp (war) d Lt & Pow A (1). Received by Private Wire Direct to The Star Office High, Low. Close. 102 100% 102 14 14 30 8 S-ammannan 8 2253 m Shov. . ottling, o s Nat Gas. .. st Ut (b8% @ B PL (b10% PL vte, .. erican Co. . estors. cvpf wwily, on Radio - S g Pow pt (6). 't Co (2) < oo PL(6%). em-P (123). Mines, Ltd Pwr Sve(s [F £ STSPRETL. |- AP TSTRES- SPPP NPT 1208 2 pper. ... wer pf (6)... 2 b Svpf A (7) 108 1 Corp (1.32). ht pf (6). o1l c O Tt unt Cah Mfg. > » S BN A IR DBA S A orp war. d Tube (A). . Mfg (b4%). Lamb (15) ial Invest. Pub. Ut Hold (50¢). . Pub Ut Hold A(50¢). Puget Sd P&L pf(5). Pure O1l pf (6 Rainbow Lum PrA.. Rainbow Lum Pr B.. Reiter-Foster Reybarn Co. . Rike Kumbler ( 20 &P (90c). Roosevelt Field Inc. Safeway So| St Regis Paper (1).. Saxet Co. .. 5 Seaboard Util (50c). r2d k & H (50¢).. Selected Industries. . Sel Ind all ctfs(4%). Select Ind pr (5%) Self Prov St (13¢)... Sheaffer Pen (13). ... 4 Shenandoah Corp. ... Shenandoah Cp (a3). Singer Mfg (117). Sou Penn Ofl (123%). SoCal BEd pf C (1%). & Gen rets., St pf (834) dard Motors. ;.. il Ind (23%).. i1 Ky, (11.80) Stand Oil, Neb(133%) il Oho (2%). Oil (40¢) Roth. . Conew (2) olor Inc. P 1stpf (7). r Co (31.60).. ux DLPS.. t Corp (war) ities pf (3).. ork S (1.60). NG A pt (1), of Can 11.60. » Fast (60c) Dockt . nd b2-35 sh. Co (new). e e R ADDBNRNN DI M S BB Pt (7)., a Iniv Ins (3%).. i Util Pow & Lt (a1) Util P&L B ctfs (al) Utility & Ind.... Vacuum Venezue! Ol (4). 1a Petrol Vie Finan Cor (40c). Walgreen Co. . Wenden Wheats Copper. worth (t1 4 Yukon Gold... . Zonite Produets (1), RIGH Ins Co of Newpor Zonite Prod...Oct 1 222 TS, Expire. fNA..Octl 7 t Co..Sept 22 109 * & Dividend rates in dollars based on iast quarterly or semi-annual payment. Ex dividend. b _pay & Plus k Plus 113 39 40 10 40 110% 110% NEW YORK, September 18 (Speeial). ~~Fluctuations In cotton today were again confined within narrow limits. After an early upturn of 10 points or more, | | weakness in the stock market wiped out the improvement and closed the list virtually unchanged on the day. The resistance of the past few days in the face of light hedging from the South brought many shorts into the | market and several blocks of contracts | were taken during the day. Trade buy- | | ing helped to steady the tone. Spots | were unchanged at 11 cents. | Cotton range: & | Qetover, old October. new . December, old De 5 o BESLNELEST gausreiaeT EEZZIEDSSs 2 R ] Srubiney 3assites Partly extra 1Plus 4% In stock. able in stock. e Adjustment dividend. f Plus 6% in stock. h Plus 1% in stock. 3 Plus 10% in stock. mPlus 3% in stock. n Plus & Payable in Reorganization Planned. | NEW YORK, September 18 (#)—Di- | rectors of American Agricultural Chem- | ical Co. have adopted a reorganization plan whereby there will be issued in exchange for the present preferred and common stocks of American Agricul tural Chemical Co. of Connecticut 317,- 875 shares of no-par common of American Agricultural Chemical Co, of Delaware, of this, 284,552 shares will be issued to present preferred stock- holders on a share-for-share basis, and | 33,323 shares to present common stock- | 33,323 shares to present common stock- | holders on the basis of one-tenth of a share of new stock for each present common share. e | NEW YORK, September ‘,p,_,‘ 18 Over-the-counter market: Special Dispateh to The BALTIMORE, September Sales STOCKS. 15 Arundel Corporation 15 Baltimore Trust Co 3 k & Ded 35 Blac) cker com. .. ... 58 Consolidated Gas com. ... . ... 4 Consolidat Gas 5: cum pid Al R'com.” 31 New Amsterdsm Gas Co loFark Benk oo a0 omit Berte Riean Siear i 300 8 Fidelity & Guaranty.... 3000 United y & Elec income 4s.. Bank Stocks, Asked. 100 “ | Ameriea ... .. | Bk of U B Units Broadway Natl | Chase ... Chat Phenix T | Peoples Nati Trust Companies. L M Cent Hanover ... Chem Bk & Tr Exchi 3314 2 257 4150 130 VOTING MACHINE FIRM AWARDED BIG CONTRACT Special Dispateh to The Star. BALTIMORE, September 18.—Con- | tracts for work totaling approximately $1,500,000 have just been awarded the Poole Engineering & Machine Co., ac- cording to 8. Proctor Brady, president. The contracts are for voting machines for several countles in Pennsylvania, in- | holders on & share-for-sharz basis, and | cluding 1,000, which comes from Alle- gheny County. The design and patents of the ma- chines are owned by the American Voting Machine Co. of New York, of NEW YORK BANK STOCKS | E"ihccompany he Pooke Engineerng Among the features of the voting machines made here are the printing of each vote cast, and its automatic ad- dition to the number previously cast so that at the end of the day there is no | delay in obtaining an accurate total, | not dependent upon addition by tellers. Opportunity for voters to correct errors also 1s provided. The design was virtually perfected 15 years ago when it received the highest award at the Panama-Pacific Interna- tional Exposition at San Francisco. U. S. TREASURY BALANCE. The United States Treasury balance announced today as of close of busi- ness September 16 was $281,794,173.04. | Customs receipts for the month to date | were $18,072,205.97. Total ordinary ex- penditures, $26,750,680.80, Washington Produce Butter—One-pound prints, 44a45; tub, 4243, ¥ Poultry, allve—S8pring chickens, large, fowls, 15a16; roosters, 15; Home dressed—Spring chickens, large, 33a35; medium, 32633; small, 32; fowls, large, 28a30; small and medium, 27a28 horn, fowls, 18a20; roosters, 18a20; ducks, 23a24; turkeys, 32a35. Meats, frésh killed—Beef, 19a20; veal, 18a22; lamb, 23a25; pork, loins, 34; fresh hams, 25; fresh shoulders, 22; smoked hams, 28; smoked shoulders, 20; | bacon, 28; lard, in bulk, 15; one-pound | packages, 16. Live stock—Calves, 6a10;: lambs, 9. Frults—Watermelons, 40a75; canta- loupes, Rocky Fords, flats, 1.00a1.25; Hurlocks, Eastern Shore of Maryland, large crates, 1.25a1.50; Persian melons, 1.5022.50; honeydews, 1.25a2.00; honey- balls, 3.0024.00; oranges, 6.00a8.50; lemons, 6.00a6.50; limes, per 100, 1.50; apples, nearby, 75a1.50; box stock, 2.75a 1.00; peaches, Elbertas, 1.50a3.00; Hales, 3.50a4.50; plums, 1.50a2.50; msons, gflny baskets, 1.25; grapes, Ribiers, 3.00 ‘okays, 2.50a2.75; Thompson, seedless, 2.25; figs, 4.50a5.00; grapefruit, 6.50a 7.50; pears, 1.25a2.50. Vegetables—Potatoes, 3.50; sweet po- tatoes, tomatoes, two-peck bas- kets, 1.00a1.75; peas, 4.00a6.00; string beans, 2.00a2.75; lima beans, New Jer- sey, 5.00; Eastern Shore of Maryland, 3.00a3.50; carrots, per 100 bunches, 4.00; cut off, per bushel basket, 1.25: corn, per dozen, 30a40; eggplant, 75a 1.00; turnips, 1.50a2.00; beets, per 100 bunches, 4.00; cucumbers, 1.50a2.00; caulifiower, 2.50a3.00; squash, two-peck baskets, 75a1.00; kale, 1.50; spinach, 1,75a2.25. Eggs—Current receipts, 29a30; hen- nery, 34a35 BONDS ON THE CURB MARKET. 90%a 20 Alabama Pw 4las '67 of 88 10 9% 8 Alabama Pow 85 11 Amer P & L 65 201 10 Amer Roll Mill 85 /43 s 63 '48 65 B '45 Elec t P&L 81as 5 Cen 250 Gities Service 55 10i J Edis EI Bost 8 El Paso N G 6} El Pa_NG 635 ' Elec P & L 5 Fairbanks 1021 s ‘38 112 5 ww 113% - 5128 '8 & L. °55 A '57101% 65 '3 9845 1 Intercon Pw cv 85 '48 30 Intern Sec Am 85 '47 32 Intersta Pow 3 Jer Cen P&l 5s 5'Kopper G&C 8s 15 Kopper G&C 5as 4 Lehigh P 8 6s A N & Lt 42 orthw Power 65 '60. 1031 37 Ohio Edis 55 '60 wi.. 1013 17 Ohio Pow 4las D '56.. 98 9 Ontario P&L 5ias 50 96% GO Pac P & Lt 55 ...... 997 w 82t . 106% 1Pug § P&L 8s C, '80. 101 10 Qunab Gas' 81is A 753 103% dard P & L. 65 '5 Swift Co By 4 s L Thermotd Co fs '34.. 8013 55 /19 : a8 5153783 938, & Ry 65 A '52103% b 6las (38.... 90 139 10 '35 98 5. . 1023 L 103% ash W & Pow 23 Wes Penn Ss 2030 5 Wes Tex UL 55 A FOREIGN BONDS. 3 Agr Mtg Bank 7s '46. 80 Srots Mig Bk s, 47 81 104 wi 93% '57 96 i 993, 8 9 1§ Ger Con Mu 7 Hamburg El 515 over Cred 68 86% 9 17| Staniey Works Do 8% ot STOCK AND BOND AVERAGES By the Associated Press. WEDNESDAY, SEPTEMBER 17, Low (1930).... High (1929).... Low (1929) WOMAN'S BANK BY LEMUEL F. PARTON. Special Dispatch to The NEW YORK, September 18.—Just as that the idea of women in business is “all rot,” Mrs. A. Barton urn, widow of the widely known New York financier, plans to ‘start a big, metro- politan woman’s bank, with the Board of Directors composed entirely of ‘women. Mrs. Hepburn became the first woman bank director in Wall Street with her election to the board of the Industrial Banking Corporation of America a few weeks ago. Associated with her hus- band in _the control of large affairs, she disclosed marked finaneial ability on her own account and is moving up rapidly to a position of assured leadership in big business and finance. Challenges Male Dominance. Mrs. Hepburn was an active suffragist, associated éll"l s;'x{ch v‘l‘:men -:la g::rwlre‘ Chapman Catt, Mrs. ymon and Mrs. George B. Case in the eritical days of the movement. Hence her plan for a woman's bank, made g:::ic today, carries with it an ardent cl pionship of women's financial competence and responsibility and a challenge of male dominance in this field. ¢ “The aim of the bank,” the announce- ment stated, “is to serve women's wel- fare variously, effectively—sis cantly —+to arouse women “‘L‘o -t;le! ization of the t opportunities they are now mmi’:‘gu in the activities of the world and to awaken in them an intelligently keen interest in business, in investments and the provisions and sses of the law—so as to protect their own inter- ests and so inform themselves in prac- ticalities that they will have confidence and courage to assume responsibilities and maintain an influential part in the ‘business sphere. “We are not going to be poseurs, to ask the world to consider us as wonder objects. We are going to be bankers, practicing , banking in the straightest and strictest, the fullest and the broad- est sense. We shall command resources sufficient to merit consideration in the larger phases of modern business. And as they who are the heads of our his- torically pre-eminent institutions are BY 'GOTHAM FINANCIER'S WIDOW John B. Watson, the psychologist, says | FINANCIAL IS PLANNED running their banks—to meet modern business demands, to perform modern public service, to earn dividends and make surpluses—so, precisely so, shall we run ours. “Can women be prosperously self-re- liant?” We hope to prove it—by what every man extols as ‘results.’ “Has woman the capacity to achieve in finance? We hope to prove that she has—by achievement!™ Few Seek Office. As Mrs. Hepburn and her assoclates thus breeszily declare themselves in on the Wall Street doings, it is noted that few of the ardent suffragists of other years have gone out for political plums. The militant wing of the suffrage party either faded out or consecrated itself to a lifelong battle against discrimina- tory legislation. The conservative wing, to which Mra. Hepburn belonged, has sent few, if any, women to office. New York women's Republican clubs recently have been perturbed by the finding that nearly half their members aren’t inter- ested in politics and vote as their hus- bands vote. “The more the change the more of the same thing,” as the French ut i v But enfranchised- women are begin- ning to take notice of the fact that, with the steady accumulation of estates and the increase in life insurance, women own just about half or maybe more of the wealth of the country; that 80 per| cent of the savings bank deposits of the country are those of women and that 85 | women. In New York and other large cities, there are mm{vo women employed in high-salaried positions in banks, companies and brokerage houses, but they have not gained membership on boards of directors. Down in Wall Street, nrokers report that, all in all, women showed i,\m as much sagacity and bus- iness ability as men during the period of public participation in the bull mar- ket. One charming young woman al- most but not quite bought a seat on the Stock Exchange. But, while lace cur- tains and window boxes may yet deck the Stock Exchange, there is one safe arcanum still uninvaded. Babe Ruth and Hack Wilson are still the home-run kings. y (Copyright. 1930.) ADVANCE IN DAIRY PRODUCTS PRICES SEEN By the Associated Pres The expectation that prices for dairy products, including butter, will advance moderately during the Autumn, but re- main at a lower level than for several years past, was expressed today at the rtment of Agriculture. is view was predicated upon a trend toward expansion in the dairy industry. In a report describing the dairy outlook the department said while the drought caused heavy damage to production during the past season supplies of roughage and hay are ample in the most important dairy sections and the decrease in PFall production is not ex- pected to be as heavy as the decrease during the Summer months. DIVIDENDS DECLARED NEW YORK, September 18 (#).— Pe- Pay- HIdrs. of Gompany. Rate.riod. abie. record. Am Commonwealth 1 i | 1 1 Bird & Blue Ribbon Ltd. Booth (F E) Co A. Bklyn Boro Gas art pf.. . Chain’ Store Prod Chic Junct Rys & Stock, Yards. cinn Street Ry Cities Service Do pf ... Do pf BB Do pf B... ... Cleve Auto M ist b Cockshutt Plow. ... Columbus Ry Pow 20 oooOOOD B 0! 20! 28 3 5 5 Oct. 15 7 15 23 134 22 th g 1.31.75 Q Sep.’ 3 '37%c Q Nev. Qet. Qct. Qct. Oct. 3150 @ 1. .31.50 1.35 i e B Continental Srctal” Rlesue et Divers Invest C. Oct. Do 1st pf. Oct.. ouin Baint & g - & 23 c Q Oct. 0 2 nish A ... Dunean Miiis 'pi.. Elder MI, Do 1st Bf Eauitable Gottfried Bak pf.. .31 Greyhound_Co pf A$LT5 Hollinger Cons Gold Mines Humph Imperial Bo 31 Do $7_pf Interst Pet Kan Gas Kawneer Kroger Gr ist pt.. Mig 8% B Sug $7 pf pf. B 293EREL 229922 2285252 282222 22 2! 238 Do 3nd. Laclede Tr (Bti). La Salle Ext Un Lawrence Gas Leich (C) & Co Mead Corp pf. Montreal Tram 99729 1 A 8337533333 Regal Shoe pf... Rumford Printing Joseph Ry Lt Hi DODOOOPLODOOD DOOPPOOE OOOLOD! 222992 Tazlor colgs Textile Banking. Twin State G & ¥ lien. - Prod pf Storage BEEERERG.GE8850 & $150 @ Oct. D. b g West a”8 pf. 3130 @ Oet: Wis Hydro EI 6% i 3150 @ Oct. Extra. Am Trustee Share Div Tr .14.081c .. Qct. Bklyn Boro G pt pr.8%c .. Oct. Increased. Occidental Petroleum.50c @ Sep. Reduced. Nat Rubber Machy...38¢ Potter Co.....eecert Qct. Oct. Am Commonw A Do B.. o 1134 Q Oct. Central & ‘S0 W 1 Citles Service........%% M Nov. WW—With warrants. Xw—Without warrants. n. When the Rajah of Bhor, Bombay, recently toured Ireland, he was accom- panied by his prime minister, secretary of state and eight lesser officials, Omitted. Avery (B F) & Sons.$1.25 Prre Enamei o za;% Sishoss g pisn: o 25¢ Q wereaeee 3178 Q Seal Deferred. Farmers' Loan & Mtse (Hart) A. & & D Due .2¢ @ Due Oct. Bl RyE | September 4 | 3.90 per cent, by GRAIN MARKET CHICAGO, September 18 (#).—Wheat values displayed a downward bias today, influenced a deal by reports that the Grain munuon Corporation would have some of its wheat surplus holdings ground to be used as feed and shipped into m&‘m districts. Selling pressure both on ‘wheat market and on corn resulted, although President Milnor of the stabilization corporation has repeatedly said that any wheat sales by the corporation would be re- placed by purchases in the open market. ‘Weakness of wheat was also promoted by a late break In corn prices, a de- velopment due to increased selling as the day drew to an end. | WHEAT— | September . COR | September . December | Maren ... |May . | o OATE | september . December March May. | December . March NEW SECURITIES NEW YORK, September 18 (#).—New 5 | securities offéred today include: ity of Cincinnati, Ohlo, $1,000,000 4 yield 3.50 to dredge & Co. Electric Power & Light Corporation | 100,000 shares of $6_ preferred stock, friced to yield over 5.95 per cent, by nright & Co. Cleveland & Pittsburgh Railroad Co., $7,182,000 general and refunding mort- | gage 4% per cent bonds, series A, due December 1,1977, priced at 10014 and | accrued interest, by Kuhn, Loeb & Co. | per cent bonds, POTATO MARKET. CHICAGO, September 18 (#).— (United States Department of Agricul- ture) —Potatoes, receipts, 77; on track 385 cars; total United States shipments, 155; dull; trading slow. Wisconsin sacked Irish Cobblers, 2.00a2.25, mostly 220 for best stock; Minnesota sacked 0a2.05; Idaho sacked few fancy higher; REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD 1520 K St. N. Offices Saul Building 925 15th St. N.W. Several desirable rcoms at very reasonable rents. Inspec- tion invited. B. F. SAUL CO. Nat. 2100 - 925 15th St. N.W. Buy Ballard Heating Oil For Your Ballard Oil Burner And Get Continuous Free Service See Arthur H. Ballard, Inc. 1015 15th St. N.W. ger cent of salaries and wages s spent | han IFORD'S ACTIVITES: MAY BE INCREASED Motor Manufacturer’s Visit Abroad Is Followed With Interest. BY DAVID J. WILKIE, Associated Press Btaff Writer, "DETROIT, ' September 18.—Although Henry Ford has stated emphatically that his present visit to Europe is main~ ly for pleasure, his movements abroad are being followed with no little interest by automotive executives at home. The fact that he has been accompanied a reat deal on his movements abroad by ir Percival Perry, chairman of Ford Motor, Ltd., of England, has given rise to speculation as just how much busi- ness activity may, after all, occupy Mr. Ford’s time in Europe. Ford Motor, Ltd., of England is the parent_concern of the various contin- ental Ford companies, and holds some 60 per cent of the capital stock of the latter companies. Plan Expansion. . Recent advices have told of plans of British and other European automobile manufacturers to make a more earnest bid for domination of their own domes- tic markets and at the same time reach out for more export business. Ford in- terests in the foreign markets are re- garded as fairly well protected, how- ever, by the policy of identifying each continental plant closely with the coun- try in which it is located. Wherever possible raw materials are obtained at home by these companies, native labor is used and a certain percentage of stock is sold among home investors. ‘Some recent figures on the export business for last year showed that ap- proximately one out of every five cars manufactured in the United States and Canada were sold abroad. From these figures can be seen the importance of the export business to the industry. The falling off in exports this year has been #s marked, as has been the reduction in gross output, as compared with last year's record luction. 4 Manufa activity at home con- tinues at about the low level established immediately after the recent two-weck utdowns, and although sales of the low price lines claim an upward trend in retail demand there is nothing at present to indicate a marked increase in pro- duction within the next few weeks at least. % Inventory Shutdowns. ‘The inventory shutdowns, the re- stricted production schedules and price cuts designed to clear out stocks on d have operated to sharply reduce dealers’ inventories, and many of the industry’s leaders assert that it is in ideal condition to take immediate ad- vantage of any upward swing in the demand for new cars. Most of them are that the increased demand will come soon after over-production in other major lines as well as in the automotive industry has been absorbed and unemployment conditions have been relieved. J. C. Fields, ln) manager of the Chrysler Corporation, is one of the in- dustry’s executives who does not believe in overly optimistic statements as the means of stimulating business condi- tions. “Leave business alone and it will take care of itself,” he said. * Money to Loan Secured by first deed of 15t on Prevailing interest Joseph 1. We First Mortgage Loan App!icationl Invited at 5)5% Construction Loans Glover & Flather 1508 H St. N.W. National 1753 Additional Capital Wanted —for expansion pro- ram in an established %/nhinglon business, which has proven it self beyond question. Thorough investiga- tion invited—full de- tails given by appoint- ment. Satisfactory reference requested and given. Address BOX 2R, Star Office Simmons-Boardman Publishing Corporation $3 Cumulative Convertible Preference Stock Comvertibla into Common Stock ‘hars for shave Coeporation occupies prominent position in publishing field. Its periodicals are outstanding examples of specialized trade papers. Earnings for first half of 1930 more than 334 times Preference Stock dividend requirements. Traded in on New York Curb Exchange To yield over 754% Further details upon request Spencer Trask & Co. 25 Broad Street, New York ALBANY BOSTON CHICAGO ° PROVIDENCE PHILADELPHIA NEWARK LONDON Members New York Stock Exchange Washington Correspondent National 6131 Factory Branch James M. Johnston & Co. Shoreham Bldg., Washington, D. C.