Evening Star Newspaper, September 20, 1930, Page 15

FINANCIAL. GERMAN OIL FIELD PROMOTION IS DUE Sinclair Plan of Development | Seen as Logical Move in Trade. BY JOHN F. SINCLAIR. @pecial Dispatch to The Star. NEW YORK, September 20-—The | statement of Harry F. Sinclair, oil mag- Rate, that he and his associates expect} to enter the German oil fleld on an extensive production scale in the im mediate future, putting millions of dol- lars into development work, will come as a surprise to many people who have never known that Germany possessed any oil possibilities. But to those who have been following world oll developments it is no surprise. Many experienced ofl men believe that in Germany lies the next big oil de- ‘Yelopment. | For several weeks Harry F. Sinclair | and his associates have been going over the properties of the North European | Ofl Co. It was expected that their territory, 1,600,000 acres in the North German plane, was what Mr. Sinclair intended to take ove: But T. W. Pettigrew, developer of the North European Oil Co., who is at pres- ent in the United States, denies any negotiations are pending with the Sin- elair group. “The properties of our company,” said Mr. Pettigrew to the writer, “were as- sembled after several years of work at an expenditure of nearly $2,000,000. They are not for sale and no negotia- tions are pending with Harry F. Sin- elair and his assoclates.” . Mr. Pettigrew is one of those who has | utmost confidence in Germany as a future ofl producer. “Germany, in my opinion,” he stated emphatically, “will be the next big oil development in the world. Already three German oil flelds ere producing a total of 4,000 to 5,000 barrels a day.” New Banking Group. sir Willlam Morris, British automo- bile manufacturer (the Ford of Eng- 1and), who in 10 years has turned ancient academic Oxford into & manu- facturing town, has been made chair- man of a powerful British banking and business group, being organized for the rpose of “pulling England out of its g:xlnneu sloth.’ This group, headed by voung Sir Wil- MHam, sees no help frcm any government —Liberal, Conservative or Labor—and has decided to take matters into its own hands to see what can be done. Associated with Sir Willlam in the venture are such well known men as S8ir Hugo Hirst, chairman of the Gen- eral Electric Sir Harry McGowan, president of the Imperial Chemical In- dustries, Ltd.; Lord Melchett, a recent visitor to the United States; Dr. Henry Dreyfus, director of the British Celanese, Ltd., and one of the richest men in England; Sir Hugo Cunliffe-Owen, chairman of the British-American To- bacco Co.; Sir Edward Manville, en- and Benjamin Talbot, steel nufacturer. “Appll’!nfly this new British board of strategy means business. Thry are tired of government inactivity, waste and indecision. “The British people today are tired of the waste and extravagance of the successive governments and the slavish adherence of the political parties to economic theories which have lost all relation to the facts of modern business life,” said Sir William in a formal statement. Next week the original committee will e steps to develop a national busi- ness council to represent every industry. “Its abject will be to secure the adop- of proper measures for protecting home market and to advance the ecfiuse of empire trade by every possible means.” "This is the most significant move yet taken by British il;r(‘iualry to reorganize itself on modern lines. In spite of the record-breaking low for sugar, Cuba has increased mu'n cane acreage for the 1930-31 ‘about 366,700 acres. ¢ this information is correct—and it comes from President Machado of Cuba—it would mean an increased sugar output of 850,000 long tons. Thomas H. Chadbourne, New York eapitalist and attorney, who is attempt- NEW YORK CURB MARKET Stock and Dividend Rat, Leonard Ofl. excepti those designated by th 'lkhlh'ltlfllfl.uhhh"‘“ll ~Prev. 130, Stock and Bale High. Low. Dividend Rate. Add 914 3% Alr Investors vte 141 108 Ala Gr Soupf (17). 15% Allied Mills (60¢)... 24% Alum Goods (1.20) 181 Am Capital (B) ... 28% Am C PAL B (10%). 38314 Am Colortype (2.40). 2814 Am Com P A (b10%) 87 Am Cyanamid (B).. 6 Am Dept Stores. Am Equities Am For Pow Am Gas & El (31) Am Invest Inc (B).. Am Lt& Trac (2%). Am Maricabo. Am Natural Gas. Am Superpow (1) Am Superpwr 15t(6) Am U &G B yte 40c. Anglo Chil Nitrate. . Appalachian Ga Arkansas Nat Gas Ark Nat Gas (A). Asso GRE A (at2.40) As20G&Epf (5)... A380 G & El ctfs (8). Atlas Utjl Corp. . Atlas Utilities war. . Auto Mus Inst (A).. Blue Ridge Cp (40c). Blue Ridge cv pfas.. Brazil Tr & Lt (h2).. Brillo Mfg (30e).... % Buzza Clark Inc. .. Canle Radio T vte. .. able & Wire A rcts Cable & Wire B rcts. Cab & Wire pf(9%c) Canada Marconi. . . . Carrier Eng ny A (1) Cent Atlantic States Cent Pub Sve A al Cent St El (k40c). Chain Store Devel Chat Ph Al nv (50¢). Cities Serv (g30¢)... Cley Tractor (1.60).. Colombia Col Oil & Gas vte. Col Pict vte (f134) .. 4 Com & Sou war....., Com Wat Sv (b6%). Comstock Tunnel. .., Consol Auto Merch. . Coneol Copper. .. Cons Gas Balt . Consol Laundries(1) Cord Corp. Cosden Oil Creole Petroleum. .. Crocker Wheeler. CrCork Int A (1)... Crown Cork pf(2.70) Davis Drug Stores De Forest Radio Detroit Alrcraft Diamond Mateh w.1. Diamnd Mtch pf w Doehler Die Casting Douglas Air (75¢). .. Duquesne Gas Cp wi. East St Pow B (1) Eisler Electric Co: El Bond & Sh (b6) E1 Bond & Sh pf (6). Elec Pow Asso (1).. El Pow & Lt op wa Engineers Gold..... Evans Wallow Lead. 10 22 76% 157 16% 89U 4% 193 391 10219 15% 43% 2% - a BomoonBeun dnvranamhnmNomnrmNen =N AN ANANE— AN D RS Fansteel Products. % Fokker Alrcraft. ... Ford Mot Can A t1% Ford Mot France 28¢ Ford Mot Ltd 37%¢, Fox Theater Cl (A). Gen Alloys (80c). General Bakin, Gen Baking pf (3) Gen E Ltd ret (50¢) . Globe Underwriters. Gold Coin (new). ... Goldman Sach TC .. Gold Seal Elec new. . Guard Fire Asso (2). Gulf Ofl of Fa (1%). 4 Hazeltine Corp (2).. Helena Rubenstein. . Houston Oil of Tex.. Humble Ofl (2)... Hygrade Food Prod Imp Ol of Can (50¢) Ind Ter 111u Oi1 (A). Ind Ter Illu Of1 (B) . Ind Fin ctfs (b10%). Insurance Sec (1.40) Intercontinent Pet n int Petroleum (1)... Internat Super (f1). Internat Util (B). Interst Hose Mills, Irving Air Chute (1). Italian Superp (A).. Land Co of Florida.. C&Nn (1.40).. » B N RIS e A T to secure a world curtailment of sugar acreage, will not throw his hat into the air when he reads that state- ment of President Machado. (Copyright, 1930. by North American News- paper Alliance.) DIAMOND SHOE VOTES INCREASED DIVIDEND Special Dispatch to The Star. NEW YORK, September 20.—The directors of Diamond Shoe Corporation have declared the regular quarterly dividend of $1.62'; on the 6, per cent ferred stock; also a quarterly divi- ma of 50 cents per share on the com- mon stock, both dividends being payable October 1, 1930, to stockholders of | record September 19. The previous dividend unl:he common stock was 37} eents per share. Thep:mnpcny now_operates 93 shoe stores, two additional stores are being opened this week. CHICAGO STOCK MARKET. By the Associated Press. CHICAGO, September 20.—Following % the complete official list of transac- tions in stocks on the Chicago Stock Exchange today: High, Low, Close. B0 Allied Mot Ind... 8la 8la 8 50 Util & Gen 2900 Cities Bervice . 50 Commonwealth 1800 Gigsby-Grunow 100 Taiana Dtil - Insull U s mazoo Btov Note—All stocks are sold in one hundred-share letter s (80s) 0dd lots only. o':—o»-n High. Low. Close. 4 1 105 a4 THE lots | ~Prev. 1930.— (2508) 1ov. Liberty Lion Ofl 105 105 94 184 (3 16% 27% 191 15% an 13% Met & M Met 5 to % Mid We: Midld N Mid Roy Midland Midrale Miller & Mo Kan P L (b10%) Mo Kan Mount Prod (1.60). Nat American Co. Nat Investors. . Nat Pow Natl 8 T Sec A f50c. & Nelson ( New Brad Ofl (50¢).. wmont Min (£4).. & Newport Co (2)..... N Y Hamburg (2%). N Y Pet N Y Rio & Bu Alres. . N Y Tel pt (614).... Niag-Hud Pow (40¢) agara pissin No Am Aviat A war., 4 Nor Europ Oil Corp. Nor St Pow pf (6). Ohio Copper... . . Ohio Oil n cu pf(6).. Ohio Power pf (6)... Oflstocks Ld B 50c Outhoard Mot (B) Pac Western Oil Pandem Ofl. . Pantepec Oil. . Paramount Cah Mfg. Pennroad Corp (20¢) Petrol Corp war. . Philip Morris Ine. ... Pilot Rad Tube (A).. Plymout: Prince & Whit (25¢). Prince & Whit pf (3) Prod Royalty (f1)... % Prudential Invest. Pub Ut Hold (50¢).. Pub Ut Hold A(50e). Pug SA P & L pt (5). Rainbow Lum Pr A.. Rainbow Lum Pr B.. Reliable Reybarn St Regis Selected Stand Oil Ohio (2%). Strauss Roth. .. Sunray Oil (40¢) Technicolor Inc..... Thatcher Sec Corp Tish Realty & Con Tran Con Air Tran Trans Lux DL P 8 Tri-Cont Corp (war) Tri Utilities ($1.20) . Twin 8t NG A pt (1). Utd Car Fast (60¢).. Utd Corp (War)..... 8 16Y% 28 1% 19% "% 12% 2% 36% 1% 10% 2% 18% 2% 28% 116% 22 31 165 Ttd Dry Utd Gi Utd G 8 4 US Elec U 8 Foil US&Ov Vacuum paymen “Ex dividend. tPa ¢ash or stoc % In stock. % in stock. 8% in stock. EVENING STAR, WASHINGTON, Loew’s Inc war).... Lone Star Gasn (1). A B% 9u | 118 Long Isl Lt pf (7) Mavis Bottling. ..... Mead Johnson (14%) Mesta Machine (2).. Mid WSt Ut (1%).. Rock Lt & P (90¢) Rossia Int Corp. .... Safeway Sors war 2d Schutter J Can (A).. Sec Corp Gen (40c) .. 4 Seg Lock & H (50¢). Shenandoah Corp. .. Shenandoah Cp (a3). Sterra EI pf (6)..... Smith (A 0) (2). SoCal Ed pf B (1%). Southland Roy (1) Standard Moto! Utd Found b2. Utd Gas Co (ne: Utd Lt & Pow pf (6). Utd Molas Ltd thsc. . U S Lines pf (1 Veeder Root (2%) Walker (H) (1). % Zonite Products (1). RIGHTS. Ins Coof N A..Oct 1 * Zonite Prod...Oct 1 Dividend rates in dollars based on last quarterly or semi-annual b_payable in ehis "s% in Plus 10% In stock. D. Received by Private Wire Direct to The Star Office Bales— Add 00. Open High. Low. Close 4 1% 1% 1% 1% Baking. Ref (2) 3 38 . 808 110% in Inc (1.20) 50c Strs pf. Ut (b8%). t Gas A 1.20 cv pf (2). United war. Co (4) Sons (2). » R R T - T PRIy P L vte. & Lt pf (6).250; Herman) 2.. Royalty.. AN me s w » =5 Sh, Md(40¢) g (30C)....s @ 19 » 3 hOfl (2).... 3 St (b5%)... Co..... . 2 =3 AN R a T BN A N AD R AR SN A NN A o R N 30 Paper (1).. Industries. Docks. Pow ww. (B) (1) ersens 01l (4). 104 Expire. 3 11 £ - 2% * - 1Plus 4% in stock. & Payabl ke Adjustment divid Blu b Plus 1% in stock. " J Blus m Plus 3% in stock. n Plus Iy extra stoc stock. Washington Ticker BY CHAS. P. SHAEFFER, Associated Press Stafl Writer. Opposition of private highway con- tractors’ employment of convict labor on public works construction has led the Executive Board of the Associated General Contractors of America to for- mulate a construction program for the satisfactory employment of prisoners in other than competitive fields. The contractors’ association foresees a possible convict-labor monopoly of public works construction and the pass- ing of the private highway contractor unless prison labor utilization is checked. A growth of the policy has been seen, particularly in the South, and although problems of prison welfare, management and rehabilitation are far afield from the ordinary interests of contractors, | the association considers the matter of such concern it will attempt to work out a satisfactory plan for diverting this convict labor into non-competitive fields. Under the pressure of overcrowded prisons, rebellion among convicts and a growing public appreciation of the fact that mere confinement of prisoners does little in the way of rehabilitating them, there is lz?elfl-fl‘ an insistent demand that convict labor be utilized | in the construction of public works projects of all kinds, the association 5. s“"I‘hi.!, it feels, constitutes a serious| threat to free labor, private industry and particularly to the public ‘works contractors, evidenced from studies made of the steady rate of expansion of prison labor bureaus wherever these have gained a foothold in construction. These contractors feel that they, as well as free labor, I;A’l\'e been (orce'g :‘4: compete against arbitrary assumptio ot fhat are established by the prison down wage standards, increased unem- ployment and injured general business. They assert they must gird themselves for a real struggle if they are to re- main in the highway field. The meeting of the board will be held in Rye, N. Y., October 6, 7 and 8, ans will be attended by more than 100 prominent general contractors from all over the country. t is expected also that several State und Federal officials will be present. The Fall meet- ing of the association will be held early next month. The American Motorists Association reports to the Census Bureau that the percentage of repossessions of motor cars for nonpayment razged in 1929 from 28 to 5.1 per cent, according to whether the down payment was 33.3 or 25 per cent of the purchase price of the car. The analysis covers Teports by 425 tompanies engaged in automobile financing. ~Less than 4 per cent of the 3,478,373 cars financed in 1929 were reported repos- sessed. 1t is stated that approximately 61 per cent of all passenger automobiles pur- chased in the year, including 1,657,938 second-hand cars, were bought on the installment plan, the average deferred payment on each car being $444.30. Reports from 875 leading lumber mills to the National Lumber Manufacturers’ Arsociation indicate combined new o - 6’ L) L R iey, 85,800 shares. 5 ONDS. business received at hardwood and soft- wood mills during the week ended Sep- tember 13 was within 3 per cent of labor policy which, they claim, has torn | | | facture of cars exclusively for overseas High (1929) Low (1929) * Revised 94.¢ 91’ 95.1 96.0 949 91.9 95.8 964 g0 Three years ago, weekly aver. High (1930) ... Low (1930). High (1929) . Low (1929) + New 1930 high. hardwood mills exceeded the cut by 9 per cent, the best ratlo in some months. Reports showed softwood or- ders 97 per cent of the cut. Combined production of the reporting mills | totaled 273.844,000 feet. | ‘The International Radiotelephone Service now under consideration by the Japanese Communications Department may be put into operation first with | the United States in order to relieve the present congestion of telegraphic | services between the two countries. Advices to the Commerce Department report about 40 per cent of Japan’s| commercial telegrams are sent to the United States. The Department of Commerce is in receipt of information concerning com- prehensive plans by the British auto- mobile industry in the Humber-Hill- man-Commer combine for the manu- markets. The combine's factory at Coventry has been set aside for this purpose. Large numbers of factory representa- tives are to be sent to important world markets. A large central clearing house in London 1s to be established for this overseas trade. It is further reported that over 600 agents from almost every dominion and foreign country attended a large meeting at the Humber works at Coventry on September 10. The new models to be displayed were re- ported not to differ greatly from last year's products, but to be much lower in price. STOCK ISSUE HEARING. BALTIMORE, September 20 (Special). ~The Public Service Commission has set Thursday, October 2, as the date for a hearing on the application of the ‘Washington Suburban Gas Co. to issue 8,000 shares of common capital stock (Copyright 1930. Standard Statistics Co.) | purchasing may develop that will react !for the time being on retailers and STOCK AND BOND AVERAGES By the Associated Press. SATURDAY, SEPTEMBER 20. By the Assoclated Press. NEW YORK, September 20.—Whle retailers have been gratified by the in- crease in sales thus far this month, a great deal of earnest attention is being given the outlook for October and No- vember. Some misgivings exists that current gain in sales may prove to be only temporary and that once early needs are satisfied some letdown in manufacturers. Even should this de- velop, however, the feeling is that such situation would be followed by active holiday buying. A rous Fall demand for house- hold electrical items has devolped in the New York market and producers expect a bigger business this month than was handled in September last year. The buying now being done by stores, it was d out, covers sup- plies which customarily are purchased during the Summer months and is con- fined to articles wanted for immediate sale. Coffee urns, percolators and elec- | tric toasters are the leading items at present. | An appeal to manufacturers to help Santo Domingo business men by being lenfent with credit was sent out today to members of the National Association of Manufacturers by officials of the or- ganization in New York. The notice calls attention to the damage done by the recent hurricane. The improved busines§ during the| past week in the hosiery line has ex- | tended to the half-hose division and a decided pick-up in sales was reported | in the primary market. Wool mixture without ‘par value and 1,000 shares of total production. ts 86 cumulative preferred stock with- out par value, actively despite the e ve A not been ‘weather has of & encourage G, SATURDAY, SEPIEMBER 20, 1930. FINANCI A INNARROW RAKCE Only Fractional Changes Are Noted in Dull Short Session. BY JOHN A. CRONE. Spectal Dispatch to The Star. NEW YORK, September 20.—Alter- nately declining and rallying, today's Curb Market session was notable for its dullness. Electric Bond & Share sold off a small fraction at the outset, then re- gained its early loss and crossed above its previous final level, backing and filling thereafter. Citles Service moved within a small fraction with dealings on a much reduced scale. American & Forelgn Power opened lower, but was exceedingly dull. The company will make public an earning report and balance sheet Monday. This may be the reason bears were less inclined to sell that issue today. Ford Motor of France recorded some of the widest moves in the motor divi- 4| sion, as a following has been built up in that isswe as a result of the plan to establish factories in France. Ford Motors, Ltd., the parent concern, again felt the effects of a rumored Soviet tractor cancellation. Aviation securi- ties lagged, as did pipe line shares. Natural ' Gas shares were active. United Gas new and Missouri-Kansas Pipe led the list in point of turnover, but some of the lower-priced issues scored the best gains, including Du- quesne Gas and American Nattiral Gas. Canadian Marconi was ths outstand- ing issue in the radios, as it met sev- eral successive selling waves. Eisler, which hit a new low following omission of its dividend, rallied somewhat. Min- ing shares were listless, with Newmeont showing some strength, Petroleum shares sold lower. Stand- ard Ofl of Ohio made a new low level of 721, down 1% points, on its initial trade. It was followed downward by Standard of Kentucky and a number of other oil stocks. TREASURY CERTIFICATES. BALTIMORE STOCKS. Special Dispatch to The Star. BALTIMORE, September 20.— Sales. Last Sal 50 Appalachian_Corp, b 8 Fidelity & Guar Pire Corp. 50 Fidelity & Deposit Co. 50 Finance Service pfd . 30 Mtg Bond & Title Corp New Amsterdam Cas Co. 4 Union Trust Co . . 4 U B Fidelity & Guaranty. BONDS ON THE CURB Sales in nds. o abama Pw e TIC BONDS. FOMIN o S Eaar . Guaemnbosn-as! Q0! 000! 97 ¢ 91 L1024 40, Ye ig Btr R ifies Bervice ties Servi i Serv Gas sias ‘43 i Serv Pow Sizs 53 9214 ve Elec Tilu 78 '41107%4 . . I 90 99799990 t Int Brdg 63 t Inter Brde 1s '3 20 3 A 37 ww 98l4 9534 102' o) ® o o * 2B oo loride P & L Gatineau Pow 55 &C _Stas '50 103'4 ge B8 '45.. 0. . 903 1 Lehigh P 8§ 65 A 3036 10612 La P & L Bs '57.....100% 1 itobs Pw 5138 ‘81 101 1 s 18510015 1 .,...._ x 2R 222 23 P | 52t b g .9, 2a8 0 Mid West Util 3 0 Minn P & 1 4125, '78. iss Pow&Lt 85 '37 H&P b8 A nsett 5s '87 L 55 B 2030 t P 8 8s ‘8. 80 sner Bros s ‘4d.. 9113 Eng G&E 5y ‘48 92% Chi Bt L 4las C 973 T, 4155 ' 971 P&L 4128 '77101'% Ed 8155 B '59 102'a L&P 55 19 y Elec 815 Cen 32 Penn O 15 Peo) H 5 7 m 47 4549, 1 8 P&L 85 C '50. 101% 28 Roch Cen Fow 8s ‘83 10% s s B ' ou Cal Ga: A, 5T 28 Southern N G 65 '44 South N G xp s . Gas & E 65 '5i d Tov 8e '37 xw Inv §i5s ‘30 P& 45 hermoid_Co 85 ' i Gtil 5a 70 g2 gscgan @ 2 S u;.r' 51, 80° 1.0 99% . 41 103% o R § Rumania_Inst 18tinnes 7s 35 1] Stinnes 7 ey 3 Tistz (L) ww—With wa; rants. | Norway 55 '63. .. | Norway 5%s "65. | Norway 6s 52... | Orient dev 5345 '58. | Poland 7s '47 | Rhine West 65 52. 68. | R Gr De Sulss 48 UNITED STATES. (Sales are in §1,000.) Sales. High Ys, 23 1087 %848 106 5 Low 103 4 1 10122 10122 10122 150 106 6 ICURB ISSUES MOVE | [oxw som BONDS o scmave] Received by Private Wire Direct to The Star Office Close. 1084 108 5 1582 108 12 108 10 108 10 FOREIGN. Sales. Argentine 6s Oc'69. 6 Argentine 6s Ju '69. 15 Argentine 6s A '57. Argentine 6s B '58. Australia 435’56 Australia b Austria 7s’43.. Bk of Chile 614857 Belgium 7s '56 Belgium 88 '41 Brazil 8341 Bremen 7s '35. Canada bs'31. Canada 58 '62. Chile 6s'60, Chile 6 '61. Chile 7r"42. ... Colombia 6s Jan " Copenhag 415 63 Copenhag §s '52 Cazecho 98 '52. Dan Mun 88 A '48 Dan Mun 85 B4 Denmark 4148"8: Denmark 51s ‘85 Dutch East I 65°47. El Salvador 85 '48 Fiat 7= ex war "46. . Fram 1D 71842 Krench 7s'49. French Gvt T%s ‘41 34 1 Ger Gen El Greek 63 Irish Free St 58 Italy 7s'51... Italy Pub Sv 7s '52. Japane: %s'65 Jap: Yom 5 Jugosl Bank 7s '67. Karstadt 6s'43.... Kreug & Toll 55 '59. Lyons 6s°34. . Marseille 6s ‘34 Milan 6%s'52 Montevideo 7s Netherlands 6s 72, New S0 Wales ‘68 Norway 6s'43 orway 6s ‘44 Orfent dev 6s '53. .. Paris-Ly M 6s'58 Paris-Or-5%s ‘68 Pirelli 7= Peru 6s'60. Peru 65’61, Peru 7s ‘59 Poland 6s 5 AN B e BARN NN BDN N RN o8 S R RA PR RBB PBRORANR DB~ Prague T%s Rhine West 65 '53.. Rhine West 7s '60. . Rio de Jan 6%s= ‘53, R Gr De Sul 63°68.. Saxon 78’45 Serbs-Cr-81 8, Soissons s '36. Swiss Confed Toho El Pow 65 '3: Tokio 5%s'61... Utd King 63 8 '37 Uruguay 6 Vienna 6s'52. Yokohama High. Low Close. 14 108% 120% 126% 93% 104% 105% 103% 125% 9314 82 86% 104% 108% 86 100 9% 96 93% 106% 84% 70% 974 105% 105% 88 96% 104% 83 100% 1024 104% 105 103 9214 99% 104% 105% 103 101 8814 90% 94 96% 105% 106% 100 22% 105% 8% 27% 984 MISCELLANEOUS. Abitibi P& P s 53 27 Ab& StEY%s"3. ... Alleghs Am Ag . Am Beet Sug fs'35. AmF P 5182030 Am TG Ch 53848 Am T&T 51 '43 AmWrit Pap 6s 47, Arm Del 5% n'43. Beth St pm 5536 Cert-td deb 515 n "48 Chile Cop ab 58 *47. Com Invest 51449 Com Invest 6x '4% C Am Sug eol 8531, De Edison 5s'40. .. Det Fd rf 65 B 40.. Dodge Br eol "40 Duquesne 4145 "6 Gen Cable Gen Motorx Gen P Sv 53453 Gen St Can51%8'49. Gen Thea Fq 6 40, Good 1st 816n"47. .. Goody'r Rub 68 '57. Fumble Ofl #3317, Hum O&R 5% 8 '62. T BT istpf5sA Inland Steel 41 8'7! Int Cement 5 Int Hydro El 6= *44. Tnt Mateh 5847, .. Tn M M col tr 6841, Tnt Pap 68 A *47 Int Pap 68 '55.. Int T&T v 414539 Tnt T & T bu'6. ... Kan Gas&E ¢%s '80 LacGStL5s‘34. .. Laclede 6148 C ‘53 Laclede 535 D '60. Lautaro Nit 6s'54. . Liz & Mvers 5a ‘61, Loew's 68 ex war. .. Lorillard bs '51 Torillard 5%s Lou G & El 5s'52... McCormack 34.. Mont Pow b3 "43 Mont P db bs A '62. Mor & Co 18t 4%s. . Nat Dairy 6% #'48. . P CEE BaRanna ve~a PSP ORUY RN » Nor Am Ed 5% PacG & El 5842, .. Pac T&T ref s '52. Paramount 6s ‘47 Phila Co 58 '67. ... Phila & Read 68 '49. Phil Pet 5148 ‘39 Pos Tel & C 58 '53. . Pressed St C 5a '33. Pub Sv G 414870, . Pure Ol 5%s°'37. .. Rem R'd5%s A '47. Sincl O 6%s B '38 s o - weeBnanomn aR~D =03 weR~oBane Sou Bell T&T 53 SW Bell T 5s A "54. StOIINJTbs'46. .. StOINY4 Sug Es Or 7s'42 Tenn Cop 6s B "44 Tenn B P 65 A *47. Tex Corp cv 58 "44 wwRBeraone com N3 87% 96% 97 98 97% 78 87 87 104% 95 97 95% 105% 109% 114% 110 1081 7% 6614 100% 83 102 91 893 89 RAILROAD. Bales High. Low Close. Ann Arbor s '52 3 86% 85% 85% Atchison gen 45’95, 1 97% 97 9Th At & Bir 4833 2 76 16 6 AtC L col 4852 2 93K 9%% 934 14 96% 96% 96% 85 101% 101 101% 12 101 101% 101 3 104% 104% 104% 4 104% 104% 104% 5111 110% 111 5 96% 96% 96% 1 8915 89% 89% B3 102% 102% 102% s 41, B & O Toledo 4s'50. Bos & Me bs 1955. . |GERMAN BOND LIS AGAIN DEPRESSED Losses Held to Smaller Fig- ures—O0ther Foreign Is- sues Steady. BY F. H. RICHARDSON. 25 103% 103% 103% . 9 85% 85 85 10 100% 100 100 | 6 1043 104% 10414 | 9814 93 9314 9o% 99% 99% 105% 105% 1051 101 101 118 112 108 99 102 109 105 96% 106% 1056% 100% 100% Can Nat 4% Can Nat 4%8°'70 Can Nor 418 '35 Can Nor 6138 db 46 Can Nor 7s deb '40. . Can South 5a ‘62 Can Pacific 4158 ‘60 Car Clin & O 58 '38.. Car Clin & O 6s'52. Cent of Ga 5145 '59. Cent Pacific 4549, . Cent Pacific 53 60 Ches Corp 68 '47. ... Ch&O gn 4%s'92 18 112 108 99 102 109 105 96% 105% 101 101 101 100% 101 101 101 9% T9% 97 97 70% 70% T4% TA% 103 108 881 88% 881 53 53 &3 100 100 100 100% 100% 100% 80 8 80 99% 99 99% 98% 98% 987k 9% 9T% 9TY 102% 1025% 102% 921 9214 92% 10112 101% 101 100 “100 100 105 105 105 » roone aSulranrrnnenn e m AR Can Nat 43854, Ch & NW con 4%, Ch Rwys 58 '27. ChRI&Prt ChRIcv43%s'60. ChRI&P4l4sA Ch Un Sta 418 "63. . C& W indcv4s'52. CCCRStL. 414 (E) Con Ry 4%s'51... Del & Hud 51837, D & R Gr &n 4336 D&RGr4i%s'38 Den & R G W b8 '56. DRG& W st 6518, Erie con 45 A ‘53, Erie conv 4s (B). 4% Fla E Coast b8 '74.. GrTrsfdb6s’36 Gr Trunk 7s '40 Gr Nor 4%8 17 (E) Gr Nor gen 7s " : Gulf Mobile 5s '50. . HavERL&PSbs.. Hud & M adj 58’57, Hud & M rf 58 '57 111 Cent 4% s '66 111 Cent ref 4s ‘55 111 CCStL&N 43%s. . Int Rap Tr 55 '66. .. Int Rap Tr sta '66.. Int Rap Tr 6s'32. .. Int Rap Tr 753 Kan City Sou 65 '50. Kan City Ter 45 '60. 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Seab Al F16s A '35. 36 1 » SHE MR AN O DTN O DR R AR A NGB NN - 9 99 99 1% 91% 91% 93% 934 93K 101% 101%, 10134 102% 102’ 10274 9% 999 oy nS® 2 8 2 4 Sou Pac col 48 '49 Sou Pac 4145 68 Sou P 4lss 69 w Sou P &Or 43%a'17. § Sou Rwy gen 4 94 6 9% 9 5 1003 10015 1000 1 1014 100% 101 90% 11 110% 111 115% 115% 116% 93% 93% 9! 107 10% 107" 112% 1123 1121 1081 108% 1083 54 B3% 537 35% 34 38 987 98% 98y 92% 925 928, 1014 101% 1014 111% 111% 111% 102 102 102 102% 1025 102% 884 88 88y 11 10215 102% 1024 Sou Rwy és Term As St L ¢s ‘53 Tex & Ark 548 '50. Tex & P 1st 58 2000, Tex & Pac b8 B *77. Third Ave ref 4s '60 25 Third Av adj 55 '60.109 Un Pac 18t 4 " 10 Un Pac 41867, . Un P 1st rf 55 2008 Va Ry & Pow 58 '34 Wabash 2d 85 '3 West Md 5% 77, e SO INSURANCE MEN JOIN IN PROTECTIVE DRIVE Plans for a co-operative program be- tween the District of Columbia Life Underwriters' Association and the Bet- ter Business Bureau were laid at a| Vi meeting called by President Jo] Snyder at the Nationai: Bress Siug: Present at the meeting were the Field Practices Committee of the Under- writers' Association, represented by John F. Cremen and G. Lee Stabler. The Better Business Bureau was represented ;iutlhe !?’";"l’; Louis Rothschild, and p L. Baldwin, a member bo;rv':'l ollthe bureau. e e plans adopted yesterday called for education of the public cox{cernln‘ the ethics in the insurance profession, particularly with reference to twisting of policies and rebating. In the future | the Better Business Bureau will work with the Field Practices Committee in investigating complaints in the insur- ance field of unethical or misleading \prAActlcu. program was also outlined by which the insurance ession will co-o) with the Better Bi Bureau in spreading the warning, “Before You In- vest—Investigate,” larly to bene- ficiaries of life insurance, many of whom in the past have been heavily victimized by security swindlers. ‘Whale Supply Threatened. ‘The whale supply cannot I tand up under losses of it i Last year catch was 96% | 103% 108% 103% 105% 105% 105% | Oc: | California’ P C Special Dispatch to The Star. NEW YORK, September 20.—There was further heavy selling of German bonds on the investment market today, though the declines were held within narrower limits than was the case Fri- day. In this liquidation New York was ap- parently taking London as the guide, as local rumors of German political troubles were mostly exploded over- night. But the fact that London seems to fear trouble and that Paris has shown definite perturbation over the antics of the Hitlerites has caused many cautious investors to sell their German dollar bonds. At the opening the German govern- ment 51.s were a shade higher, but later trading forced the price down to a small net decline. The German rep- aration 75 made a new low with & small decline. Cologne 635 fluctuated as much as 2 points and were over a int below Friday's close in late trad- 8. United Steel Works A 6%s had the widest drop, over 2 points. Karstadt 6s, which were weak on Friday, made a partial recovery. Other foreign dollar bonds had a strong tone, except Australian s, which were again off fractionally. = South Americans were quiet, with price move- ments mostly upward. Domestic bonds were dull and except for the high-grade group were inclined to sag slightly. Investment favorites like Atchison general 4s, Baltimore & Ohlo first 4s, New York Central 4s, Frisco A 4s, Chicago, Burlington & Quincy 4s, Standard Ofl of New Jersey 5s and Duquesne Light 4s made frace tional gains. Convertibles were slightly higher. Second-grade rails were virtu- ally unchanged, but there was moder- ate selling of industrials. Markets at a Glance NEW YORK, September 20 (#).— Stocks _irregular; Western Union de- clines 5 points. Bonds irregular; Ger- man governments recover some ground. Curb steady; stocks move narrowly as decline is checked. Forelgn exchanges firm; Spanish peseta strong. Cotton lower; Southern selling. Sugar, holiday. Coffee, holiday. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., September 20.— Potatoes, white, Z barrel, 2.25a3.25; sweet potatoes, rel, 2.50a3.00; beans, hamper, 50a1.30; beets, 100, 2.00a5.00; cabbage, ton, 12.00a22.00; carrots, 100, 2.00a4.00; cel- ery, crate, 1.25a1.75; corn, dozen, 10a 30; cucumbers, hamper, 1.00a1.50; lima beans, bushel, 1.00a1.50; lettuce, crate, 1.25a1.75; peppers, hamper, 25a50; squash, hamper, 50a65; tomatoes, ham- per, 40a1.10; packing stock, bushel, 25a 1.00; apples, bushel, 50a1.75; loupes, hamper, 25a1.00; lza\;sohel, 1.50a4.00;" pears, bushel, canta- peaches, 1.0 Dairy Market. Poultry, alive—Chickens, Springers, pound, 20a26; Leghorns, 15a23; old hens, 17a26; Leghorns, 13a16; old roosters, 14al5; ducks, 12al18; guinea fow], each, 50a65; pigeons, pair, 20, s—Receipts, 1,125 3 hennery, whites, firsts, 35; ithern firsts, 28; current receipts, 27. Butter—Good to fancy creamery, pound, 36a42; ladles, 28a30; rolls, 27a 28; process, 33a35; store-packed, 23a24. NEW YORK COTTON NEW YORK, September 20 (Special). —Though week end hedging operations depressed cotton prices a few points today the market encountered the same stubborn resistance which has prevailed throughout the week. The list closed with a loss of 1 to 5 points, with final sales of December at 10.98, only 4 points lower than Monday's opening. Spots were reduced 5 points to 10.85. Reports of a large business in cotton goods during the up:ur. 24 hours were circulated during the day. Cotton range: Open. High. 10.81 10.83 0.82 Sipipiai, i 33235022 S a0 2385533 GRAIN MARKET CHICAGO, September 20 (Special). —The wheat market reacted during the final hour today under hedging sales and selling by early buyers, which found the market quite bare of buying orders. Last prices were unchanged, 1 lower, and for the week 34 higher to 1Y lower. September, 81; December, 854 to 85; March, 88 May, 91% to 9135, The wheat trade in general sees little to criticize in the fact that Russia has been selling wheat here. This is re- garded as hedging, normally to be ex- pected in a world market. Corn closed Y, to 7% lower, and for the week 11 to 2% lower. September, 89%; December, 8514 to 85%; March, 867 to 86%;; May, 88% to 8815. Ship- ping sales were of good volume, total- ing 125,000 bushels. Oats closed 4 to 1 cent higher, and for the week unchanged, to 13; higher. September, 381 December, 401, to 40314 March, 4215; May, 4314, Provisions sold off in a quiet market. FOREIGN EXCMANGES, (Quotaticns furnished by W. B. Hibbs & Co.) Nominal sold Selling checks % London, pound. Paris, franc... usse ague, crow: Warsaw, zloty .. Copenhagen, crown Qelo, crown tockholm, crown. . SHORT-TERM SECURITIES. (Reported by J. & W. Selizman & Co.) 2RI Allis-Chalmers Co, 8s 1937..... 1 American Tel. & Tel. 5'3s ' iddd American Thread 5i3s 1938 T Baltimore & Ohlo 4155 193: Batavian Fet, Corp. ‘4ias 134 Bell Tel of Canada 55 1957.... t. Corp. $1as 1d. ShlE R ok ey ass, Cudahy ACkIng” Co, Gen. 18,000 or more killed U the