Evening Star Newspaper, September 19, 1930, Page 15

FINANCIAL. Utilities Bear Brunt of At- {ack—Rail Stocks Are $ Strong Features. BY JOHN A. CRONE. Bpecial Dispateh to The NEW YORK, September Curb Exchange was irregular in s trading. lic utilities led the downswing, with Electric Bond & Share headin the power and light division. Several ll’blz blocks of Bond & Share came , one of them being 8,000 shares at American & Foreign Power was dolm about 2 points and American wer was off nearly a point. s, Service, after its openln( sale of G')M) shares, sold off a half point. Utilities provided some of the weak- est issues in the market as rails nished some of the strongest s) Pennsylvania Power & Water was 275 at 73, Commonwealth Edison was down 2!, to 284. Nevada-California Electric at 120% was off 2%, Power Associates at 23 fell 4 pol Western Maryland pre(erred one of the inactive rails, jumped 81, points to 110. Alabama Great uthern leaped 5 points from its record low level of 100. Sales up to noon amounted t> 290~ 500 shares, which contrasts with 165,- 700 shares in the same period Thurs- day. Missouri-Kansas Pipe Line deal with Columbia Oil & Gas, a subsidiary of the Columbia Gas & Electric Co., proved no surprise, which accounted for the wide swings cf Missouri-Kansas Pipe shares, mostly on the down side, early today. Dixie Gas & Utilities featured the natural gas shares as it moved to 23%, a record high for the year. Other issues in that group, however, remained dull. Standard Oil of Kentucky hit & new low for the year. Humble Oil & Re- fining was down nearly 2 points. andlrd Oil of Indlana and Vacuum during the same period fractionally de- 19.—The to- elined. Bisler Electric, which omitted its common dividend, fell to a new low level. This feat was also accomplished by Consolidated Dairy Products and A(n Ansco common and preferred Pncken Curtail Schedules. BALTIMORE, September 19 (Spe- eial) —Corn-packing houses here md in the counties are operating l{ few hours at a time with the limited crop. Tomatoes also are scarce. Catsup-bottling houses are openu‘:s full time, but the season is expec to _be curtailed. Spirited bidding is being done by tomato-packing houses, representatives of which are invading each other's counties in their efforts to gather enough raw material to keep a\m plants running. Prices are higher than ever before. " - MONEY MARKET. Nl:' YORK, September 19 (#).— money renewed at 2 per cent to- 4" and remained steady during the day. lunds were available in the out- side market at 112 per cent. Time money was more active, but rates remained unchanged. Commer- cial paper was steady and unchanged and bankers' accepiances were un- changed. U. 8. TREASURY BALANCE. ‘The United States Treasury balance announced today as of close of by September 17 was $289,658,364.64. Cus- toms receipts for the month to date were §18, ,001.42. Total ordinary ex- penditures, llfl'lls 0?5 01. CHICAGO STOCK MARKET By the Assbeiated Press. CHICAGO, September 19.—Following s the complete official list of transac- tions in stocks on the Chicago Stock !nemnge today: ni‘L Low, Clote. | Y SR ENEE B0, S .. 3 3 & SEEREES 3 2 ,,.:s.s..;.._s-: = & N FS TR~ AT LEESEE ALt R R B L AUERN RN LR S A BN S =R o 8 00, : D“ n! ruf 30 Houu:nlz-Her 300 Houdaille-Her 250 11 ic) dla) il war. ] um 5-x tz;.f\ 1 srazssss P e S ppttte . mn e SREEwE F & 13% 2% -dlln-ch ndred-share the letter s (80s) lots only. [tlutlal‘lu mnmmhhlflh“ Stock and Dividend Rate. Agfa Ansco. . —mv 1030.— Bales— i&h. 3% Allegheny G 15% 8 Allied Mills (60c). .. 99% 97 Alum Ltd cum Dll). Am Agri Chem w.| 6 Am Capital (B) . 30 Am Capital pf (3)... 35% Am C P&L (A) (a3). 12% AmCP&LB (10%). 20% Am Colortype (2.40). 19 Am Com P A (b10%) 84% AmCom P B (10%) -1 > SonSaBeBanan w In: 52% Am Lt & Trao (3%). 1% Am Maricabo. . T% Am Natural Gi 204 Am Superpow (1)... 87% Am Superp pt (6 94% Am Superpwr 1st(6) 7% Am U &G B vte 40c. 6 Anchor PF (b10%). 16% Anglo Chil Nitrate Bl Ark Nat Gas (A) 7% Ark N G cu pf (80¢). s AT BB NHANNS NP IS ® 97 AssoG & Elctfs ll). 90 AssoG& Eptf(5). % Atlantio Fr & Sug... 8 Atlas Util Corp. 5% Austin Motor Co Ltd. 2% Auto Mus Inst (A).. 24 Bahia COrp....u .. 48% Bancom Corp (1.60). 5% Bellanca Afreraft. 18 Bliss (EW) Co (1).. 6% Blue Ridge Cp (40¢). 88% Blue Ridge cv pfad. . 5% Bourjois Ine.... . 29% Brazil Tr & Lt (h?).. 23% BritAm'To B 98 1-100 24 Burma Corp (f81e).. 814 Canada Marconl.. 3 Cent Atlantic States. 25 Cent Pub Svc A A 19 Cent St El (k40e). 934 Chain Stores Stock, . 17% Chat Ph Al nv (80¢). 10% Chicago Corp (The). 244 Cities Serv (g300) ..+ 88 Cities Serv pf (§). 50% Clev El Illum (1.60). 8 Club Aluminum Uten 19 Cockshutt Plow 1%. a3 3 e 6 . 11% Com Wat 8v (b8%).. 14_Comstock Tunnel. ... 8% Consol Copper. . 20 Consol Dairy Pr (2). 21% Cons Gas Utll A 2.20. 10 Consol Laundries(1) 814 Cons Royal Oil (50e) 88 Cooper Bess pf A (3) 4% Copeland PrInc A... 8 Cord Corp.. 19% Corp Sec Ch (8% )., Corroon & Reynoldl 28 Cosden Oil.. b% Creole Petroleum. 16 Crocker Wheeler. . & Cuban Cane pr opt w. 34 Cuneo Press (3%)... 1% Curtiss Wright war, % Davis Drug Stores... 65% Deere & Co (m1.20).. 214 De Forest Radio. ... 16 Deisel W Gilb (1%). 4% Derby Oil Refining 3 Detroit Alrcraft..... 21% Diamond Match w.i. 24% Diamnd Mtch pf w.i.. 10 Dixie Gas & Util. ... 81 Doehler Die Casting. 60 Draper Corp (15).. 31 DressSR(A) (3%). 31% Dresser Mfg (B) (2) 41 Driver Harris new. . 140 Duke Power (315)...1 7 Duquesne Gas Cp wi. 2% Durant Motors. 254 BEastG & F Al 18% Bast St Pow B (1)... 74 Kisler Electric Corp. 117% 70% El Bond & Sh (b6 109% 108% Kl Bond & Sh of (8 ! #2% Kl Bond & Sh eu pf 6. 19 Elee Pow Asso (1)... 16% Blec Pow Asso A (1) 15% Elec Sharehold (31). 5 Empire Corporatios 11% Empire Fire In: 16 Emp P Ser A (al8 4 Empire Steel Corp. .. 124 Europ E Ltd A (60c) 3% Burop Elec deb rts 2 Kabrics Finishing. 45 Fajardo Sugar 7 Fansteel Produs 13% Fokker Alreraft, 28 Ford Mot Can A t1% 86 Ford Mot Can B 1% 6% Ford Mot France 8¢ 10% Ford Mot Ltd 87%ec. 8 Foremost Dairy Pr.. 5% Foremost D P pf 1.60 21 Fox Theater Cl (A).. 19% Garlock Pkg (1.20, 6% Gen Atloys (80c) 2% General ng . 27 Gen Baking pf (3 5 Gen Cable (war) 74 Gen G&Ecv pf B 103% 98 Georgia Pow pf 121% 175 Glen Alden Coal 16% 9 Globe Underwriter: 7 2% Golden Center. 46% 15% Goldman Sach 6 1% Gold Seal Elec new 14% 9% Groc Stores Prod 166% 115% Guif Oll of Pa (1%). in Candy. .. Mining (1).... M Hudson Bay M & § 78 Humble Oil (2)...... 18% Imp Oll of Can (50¢) 17 Ind Fin ctfs (b10%). 26% Ind Ter Ilu Oil (A). 58% Insull Util Inv tb0 % 614 8Co N Am (13)... 11% Insurance Sec (1.40) # Intercontinent Petn 17 Int Petroleum (1)... 30% Internat Super (1), 6% Interstate Equities. . 841 Int Utdlities A (3%). 83% Interst Eacv pf (3). 12 Irving Air Chute (1) 7 Isotta Fraschini1.06 7% Italian Superp (A).. 14 Johnson Motor. . % Kolster-Br (Am 8h). 374 Lakey Foundry. LehC&Nn uun,. 17% Lily Tullp Cup (1% 18% Lion OH Ret U) 34% Lone BTN e 1 B 100 O e ST O s P 30 0O Ada 00, o-zn High. Low. 4 Pwrp! u). sus 101», loau, & 1 Ma 6! 15 10% D. C., FRIDAY, SEPTEMBER, 19, luclu‘&y Private Wire Direct to The Star Office NEW YORK, September 19 (#).— Stocks weak; liquidation resumes; bear raids. Bonds_irregular; Oenm.n 5%z sent to new low on heavy Curb weak; pivotal lwch “yield 1 to 3 points. Foreign exchanges i ular; German mark firm. Cotton lower; favorable weather and Wall Street sell- ing. Sugar easy; commission housg ;21!)' Coffee lower; Europegn sells Stoek and Dividend Rate. Long Isl Lt pf (7). Louisiana Lan & Ex. LAaP&LPL(6)..... MacMarr Stores (1). Mfg Finance vte. ... Marconi 1 Mar (38¢). Util Asso. Mavis Bottling. Glrev. 1000~ High. H!% 107Vt 102 K44 00, Ooen. High. Low. Close. IOI 1!0% 110% 110% 110% 2 2 2 1 10096 100% 100% 14 18 815 % lots (2508) 16 16 81 8 18 CHICAGO, Bepumber 19 P~ Wheat weak; German political rumors and increased Russian offerings, weak; sympathy with wheat and lower cash markets. ~ Cattle steady at de- Mid WSt Ut (1%)... Hogs steady to higher. 4 Mid West Ut (b8%). Midld Nat Gas A 1.20 Mo Kan P L (b10%) % Mo Kan P L vt Moh H P 24 pf ( Mount Prod (1.60) Municipal Service American Co... cline. DOMESTIC BONDS. Sales in' thousand h. Low. Close: abama 9 90 Nat Fuel Gas (1). Nat Investors. . Nat Pow & Lt pt Nat Rub Mach (2) Nat Screen 8v (2) Natl § T Sec A £50 4 Nat Union Radio. Nevada Cal Elec N J Zino (2%) Newmont Min Newport Co (2 N'Y Auction N Y Rio & B Niag-Hud Pow (4 Niag-Hud Pow A w. Niagara 8h, Md (49¢) Niles-Bem-P (12%). Noma El Corp (80c) . Noranda Mines (2).. Nordon Mines, Ltd. . No Am Aviat A war. Nor & So Am Corp A. Nor Europ Oil Corp. . Nor Ind Pwr 8ve(6) . 140 Nor St Pow A (8). Nor 8t Pow pf (6) 501 Novadel Agene t33. Ohlo Copper. . Ollstocks Ltd Outboard Mot (B) Pac Pub Sv (1,30) Pac Western Oil Pandem Oil. Pantepec Oil Paramount C: Pennroad Corp (20¢) Penn Gas&El (a1%). Penn Mex Fuel (2).. Penn Wat & Pow (3) 4 PeopL&PA Petrol Corp 5556k 3233 > 4% '58 102% ww 90 '35 102V 8014 Pines WinterF'r (n1 Pitney B P n (206).. Plymouth Oll (2). = * Prince & Whit (25¢) Prince & Whit pf (3) Prudential Invest. .. Pub Ut Hold <§0c). . Pub Ut Hold A(50¢). Pure Ol pf (6).v.ss 80 Radlo Products ()., R R 8h Corp (25e) Rainbow Lum Pr 2 - S & 23 :;.xgz LEPTEETY e RSN GEFETE e it Roek Lt & P (90¢) Rossia Int Corp Safeway Sors war 241008 St Regis Paper (1).. 18 St Regis Pap pf (7)., Salt Creek Prod (2). SaxetCo........ Schift (The) Co (2).. Schulte 5c-$1 St pf. . Seaboard UtY (50¢). Seg Lock & H (50¢). , 3 % Select Ind pr (5%). . Selfridge Store(27c) Sentry Safety Cont. . Shattuck Den Min Shawingan W (2% Shenyndoah Corp. Bhenandoah Cp (i Silica Gel ctfs 53 S -u»_»n..qua._a_.....__..a.-.u EEEE: g2z~ 3 tl L ? o, ", EEH 39 qea 2000 TR TS L “gg= 200 St >’ H o o a3 oggzzg;z:zz:::g 2 a5 Sim Bd ev pf (3).... Sing Mfg Ltd (38¢).. Smith (AO) ().... Sou Penn Ol (1234). SeCal BApfA (1%). %4 SW Dairy Producti 8 W Gas Utllities. Spanish & Gen rets. . Spleg M St pf (63%). . 5 Standard Motors. Stand Ol Ind (2% Stand Ofl Ky, (11.80) 8tand Oil Ohio (23). Starrett Corp Starrett Corp pf (3). Strauss Roth, .. Stutz Motor Car Sunray Oil (40¢). ... Swift & Conew (2).. Swift Internat (234 ) Syrac Wash M B (1), ‘Technicolor Ine. S35 S ale S35 F3 2 e e ® v A e B 3 D s e e sBBons e s oy oms S -53- o) 2233923232 e ree 7yes graiiz efo 3 025! il Bl —'35‘4'3 g??!;g o Za® P54 :r 2 > SwBToRE 5 b Trans Lux DL PS.. Tri Utilittes ($1.20). Tri Utilities pf (3).. Twin 8t NG A pt (1), Ungerleider l' Cm Un N G of Cal Unien T.Bll:cfl Utd Chem f (3)...4 Utd Corp (WAr)..... Utd Found b2-35 sh., Utd Gas Co (hew)... Utd Gas (war). Utd Gas pf (T).. . Utd Lt @ Pow A (1), Utd Lt & Pow pf (§). Utd Milk Products. . Utd Shoe Mach t4%. U § Elec Pow ww. U SFoll (B) (1).. U 8 Lines pf (1) U S & Overseas war. U & Radiator (2). 4 Utd Verde Ext (2) 4 Util Pow & Lt (al).. Utility & Ind. Ut & Ind pt ( %).. Utility Equitie Vaeuum 011 (4 Veeder Root (2%) Venezuela Petrol. e — 22D0: 20! n 8wift Co 5 witt Co 5, exas Elec Tex City i 333335233 233IIAIITT2L238328223823322333332% FOREIGN BONDS. 3 Baden con Mn 7 ‘51 93 F Zonlite Products (1). RIGHTS, Expire. InsCoof N A,.Oct 1 8 So N Bng Tel..Oct 1 + Zonite Prod...Oct 1 E Dividend rates {n dollars based on last auarterly or semi-annual Dayment. x dividend. tPartly extra $Plus 4% in stock. a Pay Of atock. B payable in stock. e Adjustment dividend c in stock. xPlu 6% I slock. b Piwe % in stosk. )P 2% in stock. KPius 10% in stook. Plus 3% in stock. n Plus 8% In stock. L Unit El Ser uss ntingo d\ le 'n ‘81 tinnes 7 4 ? s::z::;z.,:z::::fi:fi:ms‘es CHAIN STORE MERGER PLAN IS REPORTED|& Metropolitan Co. Units May Be B! Joined With F. & W. Grand-Silver. Special Dispatch to The Btar. YORK, September 19.—The Iargest transter of control in the chain merchandising industry thus far this year, involving the acquisition of 52 units of the Metropolitan Stores, Ltd., stretching from coast to coast in Can- F. & W. Grand-Silver :‘o:‘mb’xne. will n officially announced v 285 == 7 shares, 101 101% % kn ' ‘The hn, 'Na: ‘:l”fll'. the fl'o- rum rchase of the Oanadian stores emvpouu.n oh:u\y mlt fifim mun.%- with annual -u- The P. and W. Grand-Siiver Stores, KELLY-SPRINGFIELD LA SUIT IS DISMISSED By the Associated Press. NEWARK, N. J, September 19— \p, erchandisiog | Gensuring counsel for “ever filing suit,” 3 Federal Judge Fake has dismissed re. P celvership proceedings in United States POTATO MARKET. Court against the Kelly-Springfield CHICAQGO, Beptember 19 (#).— (United | Tire Co. States ncp-mmxlnt.’nt Amlcult\:n)k—l;:i His action came after similar pro- |Ch: cars; on traci ceedings in chancery were dismissed. cars; total United States shipmen! cars] dull treaing rather o, Wiscon. | Counsel for stockholders, seeking ap- sacked Irish Cobblers, 2.00a2.15; | pointment of a receiver, withdrew, say- | GiTH Minnesota sacked Irish Cobblers, 1. 80a | ing they believed the sult had not been land | stituted in good faith. Counsel for the company intimated the suit had been launched for the purpose of stock muumluuon TREASURY CERTIFICATES. (Reported by J. & W. Sellgmsn & fi ) th—l‘lt 100 1053 SRELE A8 Inc., & holding mmpnrw owning the common stocks of F. & a5-10+ IB-Oent Stores, Inc., mm Silver Braf-han Co., Inc,, hu been one of American chain litan Stores, Ltd., n—New. wi—Whan issued. NEW YORK BANK STOCKS NEW YORK, upumm 19 ®— Over-the-counter marke! anufa New Yo gm T2 | Saled s i Only one in every 35 men in the Netherlands is now out of work. 1930. STOCK AND BOND AVERAGES Associated Press. By 1 Prom Yesterday STOCKS. (1929) Leeiane *New 1930 high. (Copyright 1930, Mtandard Statistics Co.) READJUSTMENT TO NEW PRICE LEVELS IS SEEN BY BANKER|: Guaranty Trust Co. Official Believes Turn FINANCIAL. 5:30 Bdition. At SOIL VITAL FACTOR IN MORTGAGE LOANS Personality of Applicant Also Most Important, Bankers Are Informed. ok Special Dispatch #o The Star. DETROIT, September, 19.—Two im- portant but unrelated factors that should be considered in making a farm mortgage loan are the personality and background of the app! t and the character of the soll on his farm, ac- cording to speeches presented by George F. Heindel, vice president, the Phoenix Co. of Ottumwa, Iowa, and Dr. Horace J. Harper, Oklahoma Agricultural and Mechanical Colh!e ore the farm mortgage group of the Mortgage Bank- ers' Association convention at Detroit September 16. “We will always consider the man who wants to borrow money, but we have no assurance that that man will continue on the farm,” sald Mr. Hein- del in his talk on “Making Farm Loans in the New Decade.” “Therefore in ad~ dition to coneidering his honesty, in- tegrity and ability as a farmer, we must con: r whether or not he will stay on the farm. While this involves the ques- tion as to whether farming will con- tinue a desirable occupation, it involves more strictly the training and experi- elx’:ce of the man and his outlook upon e. “We will always have farms and farmers,” Mr. Heindel continued, “And Is Near—Cites Factors in Business Cycle. BY PRESTON S. KRECKER. Special Dispateh to The Star. NEW YORK, September 19.—The cyclical depression in trade and in- dustry, which it is now definitely known started in July of last year, is nearing the end of its first phase, dur- ing which the business curve moved persistently downward, and is about to enter the second period. This will be one of readjustment to new price levels and other conditions, to be followed by s | evatin & final period of general resumption of activity, possxbly next Fall. Such is the analysis of thoughtful Wall street hnkerl’vll:o o;flrg‘ ‘not given to gen- al sm. One of their numb-r who shares that view is Prancis Sisson, vice presi- dent of the Gun‘mcy Trust_Co., third largest bank in the United ‘States. He nid today thlt he perceives signs tha processes of md:\uun:nt l‘!:l m-k- 1n tomrd progress, and o . l‘clll,v three denlo%m:nu undlnf t‘ confirm the view that the eyclu movement has neatly passed i stage. Reasons for Turn. 'rhe are: llxna H»t commodity / prices hna found & Second, \ndlenunnn that consump= uon. louxd dnmnefl up, s beginning to once mot hird, Ahundnnc and cheap money, ther wlth the ammx bank credit position, may p busi- ness back on s f Elabora| his nm reason for be- lieving that the turn is near, Mr Sisson pointed to indices of commodity prices, both_private and Government, tending to now :hn ihe curve of the is straightening ouf 2 By may bl‘e and probably is true,” he said, “that certain commodities have not 'yet found bottom, but there are signs of greater stability for commod- ity prices as a whole. This appears to indicate that the readjustment between output and consumption is approaching its end. If the recent firmness conc tinues, it is reasonable to conclude that within. the next few months a definite start toward higher levels of business activity will be witnessed. i Copper hm Clted. o respect to consumption, uln' ”’f:'mm Jevel mgmnu may be % announcement mentioned. T® western Eleotric Co. made c(a t copper ahead to hna ;o\‘x;ns sufficien o r::on e i eel ’ to _justify b!mf huy freely now will wnm big buyers as- oL loR mttitude, commodity prices & attitude, :::':t' '.lhl‘.! at about the turning point. straw this week was the an< :en:xm;m\ by the New York, New __-—-————_"—?___.‘v— DIVIDENDS DECLARED NEW YORK, September 19 [ Par. i of B oeg . 15 ;20 %1 20 8508 Sep. 30 Sep. 8 Sep. 30 Sep. 85 Sep. 15 i . 15 p. 20 f Sep. Sep. Bep. ST 2 ue 8 First Nat Bi Chi. . ¥4.50 First Trust of A o Int Nick Can Kelley Island Ilnn:_rhuhr“u) 3 uemnm: Fow & mu umun«inon Pe \lzrnn Park Tr Q BK . Murray_(J Pub] 50c TS e (i) 08 s Natl Fuel G Natl SQ'QI' PID ra !.l‘ Ofl i 5:'-' c?u gun By ot K m;'fi.;n il e Norwood G Ogmn'l . 20c Page H!r T\lh Ltd . :: :' port. Hunm liulu K Quebee Fover Queensboro G Schoenen st Do sogther: Pow !trhll! ( Tamblyn 40) Tilo h fin and D 3175 .lfrllhl.li 1t 58 PE3LTS Tsbe Toledo 'n- Co 6% Union’ Mefal ‘H Do. P, Union (Roc! 4 U 8 & Brit inter Walth Watch pr West Va Pulp & West Va Wat Serv 36 pf.. = 2 =es 9 © 200D 00D oonna 00 p o £° DOOOD D DOO: nbpm 200 © © © POEO PWO O OO OO DO OOLOOLOOOD? Extra. Southern Berkshie Pow Union Metal Mfg,..3% .. Initial. ar‘am oiden Ltd. 400 UB& wdde @ Dreased Mot of Am. 3o Q Q’ ichek To0l.. ... 1! © 8 Lumber 8:’5» Haven & Hartford Railroad that it had placed an order for 10 electric locomo~ tives. Would that order have been placed if the New Haven executives had felt that they could do better by de- ferring the order? I think . we shall see much more such important buying soon. Credit and Money. “As for bank credit and money, con- ditions never were more favorable to ald business and industry. “There need be no worry about the credit basis for the next forward move- ment. Money has piled up fa such an ‘| extent and is so cheap that those who control it will not be satisfied with The low rates they receive on deposits. They will put it into bonds, as indeed they alr are, and into other more pro- ductive channels which will stimulate business.” Mr, 8isson cautioned against prema- ture The processes of read- Jjustment, he observed, do not move on schedule nor does any one know when they be completed. However, by mext PFall he believes a recovery should be well under way. ‘The forelgn situation is a factor com=- plicating outlook. Owing to the world-wide character of the depression there can be no American revival with- out improvement abroad. Our margin o( ts at home depends on exports, in mn has been a 40 per cent drop. 000,000 during August in- fllueu nmtwhnt increased foreign pur- chas zgw Revolul in three South American countries have been temporarily dis- turbing, but are expected ultimately to promote trade with the United States because of the 'ascendancy of more progressive governments. (Copyright, 1930.) NEW YORK COTTON NEW YORK, September 19 (Spe- cial) —Weakness in the stock and grain markets had a depressing influence on cotton toddy and prices worked off 10 points, closing around the bottom. December sold at 11 cents in. the last hour, the lowest. quotations of the week, and increased pressure supplied ?lde demand on s declining scale of \ fls:hfl reported that 8,416,000 hlu of the July 81 carryover in this country were deliverable on contracts with 897,000 bales unténderable. Spots were M\ml 10 points to 10.90, Cotton range: GRAIN MARKET + CHICAGO, September 19 (#)—Gen- eral selling with absence of adequate buying support forced grain values today into new tumbles that in the late deal- ings went from bad to worse. Scant export demand for North American wheat was in evidence, total European purchases today being but 200,000 to 300,000 bushels, with Russia said to be offering wheat heavily. A promincnt Chieago trader who returned today from a five-month trip to rope said he found conditions abroad generally poor except in France. Wheat closed nervous, 14 to 13; cents a bushel lower than yesterday's finish. Corn closed % to 13 5% to 1% cents off and provlslfln- show- ing 8 to 22 eenu decling WHEAT=~ Hmn Jow. Close. 80% .81 Il’s 0% i 8 k1t 3 Rz Eplen‘hlr March May .. FREIGHT TRUCKING CO. REPORTS BUSINESS GAIN Special Dispatch to The Btar. BALTIMORE, September 19.—Busi~ ness of the Baltimore-Southern Lines, operating a freight trucking line be- tween Baltimore, Washington and the Shenandoah Valley, has doubled in volume within the past threé months, according to . E. Calvert, president of thelllneL i . “I regard this showing as prenome- nal” he aeclnred “in view of the gen- eral epression and drought conditions of thfi nut Summer. We are 63% planning now for the purchase of extra | a; equipment which will make it necessary to operate daily instead of semi-weekly.” RAW SILK FUTURES. NEW YORK, September 19 (Special). 8 s —Reflecting the improvement in th Far Eastern markets, raw silk futures opened firmer today, with quotations up o: d 2 cents in the active months. Yoko- hama was up 4 to 7 and Kobe 3 to 11 points higher, were sellers, beuevea to be hedging. INVESTM'ENT TRUSTS NEW YORK, September 19 (:1’).—‘s Over-thé-counter market: Bid. Asked. Lo T ek s ok B U 8 Elec Lt & Pow Bhrs A, cents down, oats | 900 d _and choloe, 8 | F3800.00¢ :)?nm Japanese interests | farming will llwl{! be carried on I comparatively small units by individual farmers. Therefore the system of miort~ g-ga financing of farms must be adapt- ed to the financing of individual !lrm- ers on farms opented by the owner and his family. many of the difficulties we now ve in the farm mortgage business have wn_out of me npplleuh;xm O{Dl this kind of farm ciples not proper] Ehbla 8 ertalr 1y o v but really pertainin rn industrial nnlncin§ Pe - In discussing “Soil Fertility and Its Relation to Mortgage Banking” Dr. Harper named ~war deflation, low cror-produelnl power of the soil, sev- eral poor crop years and, most impor- tant of all, acidity of soil as factors which caused so many farme_to-revert fi.],‘:n companies during the last few. “'Although tH& total mortgage debt on farm land ha &Inuedufz' increase greater in 19! than in 1026 nnd hm increased -& land values detlined during this, period, it is quieting to know that a marked decrease in farm debt has occurred in regions where fertile solls prevail.” Washington Produce utter—One-poun: prin H tub, 4342, o e oultry, alive-~Spring chickens, 27a28; medium, 35!26' smfl h.r 6! [horna 24025; rovh. hue. 24a25; small and medium, 18a20; Leghorn (ewls. 16816; roosters, 15; ducks, 15: , ' 308327 and medium, 27a Leghorn, owls, 181 umo ducks, 23a24; l'c’ur -yzlo shazee Mnts fresh kfllad—lnt 10a20; Vell loi 18a32; lamb, o hams,’ 28; fresh shoulders, 23: smoked hams, 28; smoked lh:uafi:- o bacon, 28; lafa, in bulk, 15; om-pound (owl P .oon 25 rs:’mm 1.25a1.50; Rnhn m e bflh 503 ogoneyuewu nmoo honey- b S m ,0028. .M\, 00, apples, nenhy 'Im 50; \m fl}ocl 278, ch tmes. - r'onm, 300 met i wmnm-, twn-peck m\g& Pu string be: .75 bennl, New Jt‘uey. 5 00: Eastern Shore of Maryland, 50; carrots, per 100 bu chu. 4.00; cut ofl er bushel basket, 1.35: corn, per dnun 0240; eggplant, 75-!00 turnips, 1508 .00; beets, per 100 bunches, 4.00; cucumbers, 150a2.00; caulifiower, 2,508 38.00; squas] 18a1.00; mxnmmvm “' s Cuhent récei 20830 rrent el hen- nery, 3435, o ik — A CHICAGO LIVE STOCK MARKET cmckoo 8e ot pmmber 18 (#) rmm.m 107.5!1095 o sk 9‘55 5'5‘5“ 1ight 10.35a10.85; medium gounfls 10.65a11. W. hnvywe ht, 50 ndc.d 10, lll .00} 10.00a10.75 With rnost sales, 7.75 all interest buying a few fat cows and grusy heifers, at 4.50a6.00 and 6.00a. 75, respectively. Slaughter cattle and ve! ers—stgen and_ choice, 600~ 10,70812." 75. 900-1,100 unds, ns.‘.uw. 1,100-1,300 pounds, b2sa1225; 1,m-§‘,a?gmpounup°n%'- common _An 600-1,300 pounds, 6.2529.75. e Heifers—Good _and choice, 550-850 pounds, 9.50a12.28; common and medis um, 600:0.50; cows, good and cholot, and medium, ST et Sl el o st | year] excl y 1 becf, 5.75a6.75; cutter to ¥, odmm,chog: ), 5.75; (milk choice, 10.75a13.00; 10.75; cull and common, 7, sonoo Stocker and oattie—Steers, 500~ X:M pounds, | 5:28a7.25. N Sheep—Receipts, 17,000 head; gener- ‘ully steady; native ewe and '.v'vthe lambs, mostly, 8.00a8.25; few, 8.50; bucks, 7.00a7.50; throw-outs largely, 5.0025.75; fat range lnmbl unsold; good feeders, 6.75; lambs, 90 pounds down, 51 m, 6.25a ;' all welghts, commion, 4.50a6.25 ewes, 90-150 ds, medium to cho! . : Al weights, cull and com- mon, 1.50a3.00; feeding lambs, 60-75 | pounds, mo¢ chotee, 6.50a7.50, SHORT-TERM SECURITIES, (Reported by J. Aw.mnncn) Allis-Chaiiers American T e vealers lnfl n mo B Baltimore Batavian " 03’ %Ilornh ‘- “cfu- nadian Nor. & l"f;.’!u':#; FREF &8 Ga. ol Dot °°iu % 8 R whedne On_her 109th lice Court at Dun: Alison Paton, 58, drunkenness,