Evening Star Newspaper, September 30, 1930, Page 15

FINANCIAL. B SHARES HIT “NEW LOW MARKS % Mild Rally Follows Period of Heavy Selling—Leaders Are Depressed. BY JOHN A. CRONE. Dispatch to The Star. »NEW YORK, September 30.—After @pening weak and active, with a liberal sSattering of big blocks of stocks, the mflm staged & mild rally around today. The number of large openings, with the numerous big lots of sandwiched between 100-share odd lot sales of inactives, piled up fons of 590,300 shares in the two hours. The forenoon session the most active for that period since 20, when turnover lsgrenne shares. new lows were registered be- midday than in any similar period June. Average declines actually relatively were less than an Mon- , but mere fractional drops were nt to push through the lows of | June and, in some few instances, the bottoms touched on Novem- 13 Jast. | “ ent pivotal shares reaching | new lows in the forenoon included !|ec- mmume.mmn retgn “ ‘Dtilities, Nhnr ludson ower United Founders, N: !nvemrl. Newmont Mining, Noranda Mines, Pennroad Corporation, Pord Motor of Canada A and Humble Ol ¥ Baltimore Markets @flectal Disvatch to The Star. . BALTIMORE, Md., September 30.— 00 Ibs. a2.1 75890; eggp) ; lettuce, crate, 1.25a1.5 huml beans, , 60890; rs, hamper, J 5065 tomatoes, hamper, 4081.00; packing stock, bu., 30a75. jes— bu., 50a1.75; cunuloupas erate, 5081.50; damsons, bu., 1.75a2.00: basket, 25a45; peaches, bu., 1.50 ; pears, bu., 50a2.25. Dairy Market. , alive—Chickens, l.,,"h’m Leghorns, 1582 i Leghorns, 13a16; roosters, l4a ll. duch 13a18; guinea fowls, each z —Good 0 uncy creamery, Ib. 15; ladles, 28e30; rolls, 37a28; 32a34; store p-cked. 23-”‘& Hay and Grain Prices. 'bt—fln;'d 1;&1 wmtfizk;xpg:& No. 2 garlicky, s eptember, 87 bcmlfir 87%. Corn—No. 3 domestic, yellow, new, 1.03a1.04; cob eorn bomzs o.w—wmee. No l. new, 46%; No. 3, —nndm none. General hay X menfithenlnc Drought _has riously n::;by emps chm( e 2opins se now asking for e Y. clover mixed and timothy my will bring from 24.00 to 28.00 Wheat straw—No. 1, per: ton, 9.008 13. oat straw, No. 1, per. ton, 9.00a BONDS ON THE CURB MARKE' 8 999000 aehsoa T “EES R it §5::= % =3 33 1 pubaot § 2t 5 A 85 e ] tl!‘l"g R br] LEEEEELEG i Co 10215 city Gus B via 10 rexa. . 100 Bei"se ) 1 3TN e S " e B Yo X8 £g5E2m flfl:i, i kA A 53 —With warrants. Without warrants. THE EVENING STAR, WASHINGTON, D. C, TUESDAY, &l PPTOATY 1 | 4 30, 1930. TRANSACTIONS ON THE NEW YORK CURB MARKET Note—All stocks are sold in one hundred-share lo excepting those ‘which the letter s (80s) (150!) mommmenocu;'ummmwuonly —P"\'llllm~ Stock ane Dividend ‘Rate, "5 “"I% Acronautic Ind war. 13% 5% Aero Supply (B) 23% 10 Aero Underwriters. . l|2ou 16% Affiliated Prod Inc 78 Asfa Anscopf.. nu, 16 Ainsworth Mfg $2%. 9% 34 Alr Investors vtc. .. 24 11% Air Investorscv pf.. 23% 15% All AmGen Corp..... 9% 3% AlleghenyGas 1519 8 Allied Mills (60c). 356 195% Aluminum Coof Am. 99% 97 Alum Ltd cum pf 6). 481 364 Am Arch Co (3). T4 3% Amer Austin Car 715 Am Br B fd shars. 60% Am Capital prpt 6 6 Am Capital (B) 3% Am C DAL (A) (83). 12% AmCP&LB (10%). 17% Am Com P A (b10%) 34% AmCom PB (10%). 19 Am Cyanamid (A).. 12% Am Cyanamid (B) 3 Am Dept Stor: 12 Am Equitfes 351 Am For Pow (war).. 26% Am Fork&Hoen1%. 104 AmGas&El(31)... T4 Am Invest Inc (B).. 89% - 52% Am Lt & Trac (33). 40% 29% Am Maize Prod (2).. 413 11 Am Maricabo. .. 19% 74 Am Natural Gas. 48 23 Am Phoenix Corp 624 50 Am Salamandra (3). 26 164 AmStPS A (1.60) 18% Am Superpow (1) 94% Am Superpwr 1st 157 161 7% Am U &G B vte 40c. Sales— Add 00. o;on High. 1 23 23 85 112% 1124 Y% 183 Am Transfor (1.40). 1758 1:11. 6 Anchor PF (b10%). 15% Anglo Chil Nitr: 8% Appalachian Gas % Ariz Globe Copper, .. 16% 84 Arkansas Nat Ga 16% 7% Ark Nat Gas (A) 109 102 ArkP&Lpf ( 8 5% Asso Elec Ind (30¢). 51la 28% Asso Gas & Elec. 93% 89 AssoG&EDf (5). 3 Asso G&E (A) dbrts 95 AssoG & Elctfs (8 2 Asso Rayon 38% Asso Rayon 19 Asso Tel Util (b fi . 11% Atlantic Secur Corp. Utilities war, . Utll Corp...vee 1% Auto Mus Inst (A) 3% Auto Voting Mach... 17% 9% Auto Vot Mcv pf pt.. 55 24% Aviation Cor of Am.. 19 7% Aviation Securities. . T% 2% Bahia Corp. 157% 146 Bell Tel of 30% 33% Blue Ridge cv pfad.. 20 Blumenthal (8). Bohack HC (2%) 5% Bourjois Inc. .. 10% Bower Roll Bear (1), 29% Brazil Tr & Lt (hd).. 23% BritAmTo B 98 1-10¢ b4 Buckeye P L (4). 24% Buff N&EP pf (1.60). 7 Burcolne....,.. 2% Burma Corp (131¢) 8% Butler Bros (30¢). 12 Carman&Co B(al%) 26% Carnation Co (J1%). 21% Cent Pub Sve Aal7é 20 Cent&SW Utbs% 19 Cent St El (k40c).... % 72 Cent SLEIDt (6) xw. 100 4% Centrifug Pipe (6Uc) 2% Chain Store Devel 22% Charis Corp (13) 17% Chat Ph Al nv (50 10% Chicago Corp (The). 39 Chicago Cpcv pf (3) 24% Cities Serv (g30c). .. 74f 88 Cities Serv pf (6). City Mch & Tool 4") % Clark Lighter (A).,. Clev Tractor (1.60).. 9 Cohn & Rosen Inc. & Colombia Syndicat 3% Colon Oil. ..... 21 5% Col Oil & Gas vte 55% 24 Columbia Pic (f1 Sfi). B54% 31 Col Pict vic (f1%) 835% 234 Com Edison (8). 6% % Comstock Tunnel. 14% Consol Aircraf; v % Consol Auto Merch. . 2% Consol Copper. . 9 Consol Dairy Prod 90% Cons Gas Bait (3.60). 21% Cons Gas Util A 2.20. 10° Consol Laundries(1) 8% Cons Royal Ol (60¢c) 1% Cons Theaters. . 13 Cont Chicago Corp 28 Cooper Bessemer (2) 6 Cord Corp. : 8 Corroon & R 65 Cor & Rey pf A () 93 Cosden Oil. . 39 Crane & Co (1%). 5 Creole Petroleum. 11% Crocker Wheeler 9% Cr Cork Int A (1). # Cuban Cane propt w., 311 Cuneo Press (23)... 85 Cuneo Press pf (6%) % Curtiss Wright war. % Cusi Mex Mining. ... 8% Darby Petrolmn (1) 11 Davenport Hos (2).. 2% ‘Dayton Alr & Eng. .. 63 Deere & Co (mn1.20). 2% De Forest Radio. . 6% DeH Air Ltd ret 50c. 15% Deisel W Gilb (13). 4% Derby Oil Retining. . 213 Detroit Aircraft 164 Diamond Match new. 244 Dia Match cu pf (n). 8% Doehler Die Casting. 12% Douglas Air (75¢) 60 Draper Corp (16). 31 DressSR (A) (3%). 31% Dresser Mfg (B) (2) 108% 41 Driver Harris new.. 13% 3% Dubilier Cond & Rad 209 140 7 7 Duquesne GasCp wi. 7 2% Durant Motors 42 25% EastG & F Asso 18% Kast St Pow B (1) 7 Kast Utll Inv (A)... 6 Eisler Electric Corp, 117% 65% kI Bond & Sh (b6) 109% 103' El Bond & Sh pf (6). 924 El Bond & Sh cu pf 6. 19 Elec Pow Asso (1) 16% Elec Pow Asso A ( 15 Klec Sharehold (31). 82 El Sharehold pt (a6) 11% Empire Fire in 4 Empire Steel Corp 22% Employ Reins (1%3). 12 kurop E Ltd A (60c) 2 Europ Elec deb r 1% Evans Wallow Lead. 8% kx-cello Air & Tool. . 2 Fabrics Finisning. .. 2% Fairey Av Ltd (12¢). % Fandango Corp. .. 4% Kederal Baking Shop 131 Federat Metals {1%. 12% Fiatrets (1.25). 3% % Fiat Stock deb rt: 274 12 Flintkote (A) (1%). 105 100 Florida P&L pf (7)., 12% Fokker Alrcraft.... 24 Ford Mot Can A 11% 36 Ford Mot Can B t1% 6% Ford Mot France 260 10% Ford Mot Ltd 87%e. 2% Fox Theater Cl (A). 261 French Line B (2.54) 6% Gen Alloys (80c).... 2% General Baking..... 27 Gen Baking pf (3)... 10% Gen E Ltd ret (50¢), 17% Gen Empire Cor (1) 22% 70 GenG&EevptB ufzrm- 28% Gen Petroleum wi. .. 20 Gen W W&E A (3).. 98% Georgia Pow pf ( 9 Globe Underwriter: 6 Goldberg Stores (1). 1% Gold Seal Elec pew.. 1% Golden Center. . % Goldfield Consol. 15% Goldman Sach T C 30 Gorham Incpf (3).. % Goth Knitback Mch. Gramaph rets (30e) . 80 % « 108 1“8!. 108% 31 54 4 2914 108 30 Assc GEE A (at2.40) 251 4 50s 2 10 144 144 14 2% 2% 258 15?’% 150% - 11 PUISE TATHOPROI: 3 18’/1 Cent St El cv pf (R8) 125- 100 £F S ISTT S-S Pl IS 4 % * 3 4n 14 5 ‘% s 64 2% 2y G, 8 18 116% 115% 3 21% 13 3% 5 7 9 3 4 1 48 3% Duke Power (315)... 25- 149 17 4 1 26 25 20 23% 24% . 6 21 6 6 1055 65% 656% 4 108% 108Y% 9% 9T% 22% 19% MHERERE SRS EN— AT a L3 18 2 148 1 1 —Prev. High. Low. T86% 100 -~ Stock and Bales— or Ada 00, Oven. Frigh 100% Dividend Rate. GultOflof Pa (1%). 70 Hazeltine Corp (2).. 4 Helena Rubenstein.. 4 Hires (CE) (A) (2).. Hollinger Gold (60c) Houston O1] of Tex. Hudson Bay M & % Humble O1l (2).. Hvdro Elec See (2) Hygrade Food Prod. Imp Chem Ind (25¢). Imp Ol of Can (60¢) Imp Oll.Can reg(50c) Imp Tob Gt Brit t89¢ Ind Ter I1lu Oil (A). Ind Fin ctfs (b10%). Indus Fin cv pf (7). InsCo N Am«(t3). .. Insurance Sec (1.40) Intercoast Trade (1) Intercontinent Pet n int Petroleum (1). Int Saf Raz B (12% Internat Super (f1) Int Utllities A (3% Internat Util (B) Int Util war (new. Interstate Equities Interst Eq ov pf (3). Irving Air Chute (1) Itallan Superp (A).. Italtan Superp war Jonas & Naumburg. . Kolster-Br (Am 8h). Lackawanna See (4). Lakey Fountry. . 1008 5 4 Landover Hold A Lane Bryant (2). Lefcourt Real t1.85. . Leh C& N n (1.40). Leonard 011 Lerner Stor¢ Libby McNeil & L. Liberty Baking Lily Tullp Cup (1%) Lon Ofl Ref (2). Loew’s Inc war) . Lone Star Gasn (1). Long Isld Lt (55¢).. Loulsiana Lan & Ex. MacMarr Stores (1). Magdalena Synd. Mapes C Mfg (131,). Marconi I Mar (38¢. 4 Mass Util Asso Mavis Bottling. Mayflow Asso ( Mead Johnson (14%) Memphis Nat Gas. Mesta Machine (2).. Met & Min Ine (1.20). Met T Co pt pf t33% .. Mid St Pet vtc A. Mid St Pet vte B.. Mid West Ut (b8%). Mid Roy v pf (2). Mid St Prod n (2). Midld Nat Gas A 1.20 Mid West Ut A war. . Mid W Ut ev pf xw 6. Midvale Co (4)...... Mo Kan P L (b10% ) Morrison Elec (f1) Mount & Gulf (8¢) Mount Prod (1.60). Municipal Serviice Murphy Co (1.60). Nat American Co Nat Aviation. Natl Banksve Nat Screen §v (2). Natl § T Sec A f500. . Nat Sugar N J (2)... Nat Transit (1). Nebel (Osc) (62%e). Nelson(Herman) (1) Nevada Cal Elec. 40, Newberry (JJ) New Brad Ofl (50e New Eng Fuel new New Eng Pow pf (6) 1 New Haven Clock(1) NJ Zine (12%). New Mex&Ariz Land Newmont Min (£4).. Newport Co (2)..... N Y Pet Royalty N Y Pow & Lt pt (7). N Y Rio & Bu Afres. . N Y Tel pf (6%) \ Y Transit (11.80). Niag-Hud Pow (40c) Niag-Hud Pow A w. Niag-Hud Pow B w. , Niagara Sh, Md (40e) Niles-Bem-Pnd 2% Nipissing (30c)..... Noma El Corp (80c). Noranda Mines (2). Nordon Mines, Ltd. . No Am Aviat A war. No Am Cement. . ..., North W ev pt (3). .. Nor & 8o Am Corp A. Nor Europ Ol Corp. Nor Ind Pwr Sve(6). 1408 Nor PL (15) ..zso. Nor St Pow A (8). N W Engineer (2)... Novadel Agene t3% . Ohio Copper........ Ohio Ofl n cu pf(6).. Ohio Power pf (6)... Oflstocks Ltd A 50c. . Okla Gas & El pf (7). Outboard Mot (A)... Overseas Secur (1).. Pac G&E 1st pf (1%) Pnc Pub 8v (1.30)... Paramount Cab Mfg. Pennroad Corp (20¢) Penn Mex Fuel (2).. Penn Wat & Pow (3) Peop L & P A a2. cn.. Perryman Elec Petrol Corp w Philip Morris Inc. Plerce Gov (1%). 5 Pilot Rad Tube (A).. Pitney B P n (20c) Pitts & L E (110). 4 Plymouth Oil (2 Poterero Sugar Promier Gold (240).« Prince & Whit (25¢). Prince & Whit pf (3) Prod Royalty (1) Prudential Inves Pub Ut Hold (50¢) Public Util Hold war Pure Oil pf (6)...... Radio Products (2).. R R Sh Corp (25¢)... Rainbow Lum PrA.. Rainbow Lum Pr B.. Reiter-Foster. .. Reliable St (b5%) Rellance Int (A) Reynolds Inv Richman Bro: s Richmond Radiator. Rock Lt & P (80¢).., velt Field Inc. Rossia Int Corp. Royal Type (13%).. Safeway Sors war 24 St Regls Paper (1).. Salt Creek Prod (). Y Schletter & Zander. . Schiff (The) Co (2).. Schulte Un 5c-$1 Sf Seaboard Util (50¢c). Sec Corp Gen (40¢’ Silica Gel ctf. Sisto Finance Corp. Smith (A0) (2).... Sou Penn Ol (+2). SoCal Edpf B (1%). So Cal Ed pf C (1%)% Southern Corp. ..... So Pipe Line (12)... SouthldRoyalty (60¢) 8 W Gas Utilitie panish & Gen re! tahl-Myer (1.20) tand Holding Cor; 70% Stand Inv pt (5% 100 19% 2% ~Prev. 1030.— [ nd High. Low. Dividend Rate. 3 % Standard Mowor: 44% Stand Oi1 Ind (3%). 219 7% Stand ONl Ky, (11 80) 81 Stand O1] Ohio (23%). 50s 55% 4Stand Po - & Lt (2) Stand P¢ LB (2) Starrett Corp. . Starrett Corp of (). Stein Cosmetics Strauss Roth. Stroock & Co (3). Stuts Motor Car. SunlInv...... Sun Inv pf (3) Sunray Oil (40¢) . Swift & Co new (2).. Swift Internat (2%) Taggart Corp (1) ‘Tampa Electric (3 Technicolor Ine Teck Hughes (60¢c).. Thatcher Sec Corp. . Thermold Co pt (7) Tobacco Pr Export Toledo Ed cu pt (7) Todd Shipyard (4).. Tran Con Air Tran.. TransLuxDLPS,. Tri-Cont Corp (war) Tri Utllities ($1.20). Truns Pork 8 (1.60). Tubize Chatel (B). Ungerleider F Corp Un N G of Can 11.6 Union Tobacco. Utd Chem pf (3). Utd Corp (war) Utd Gas Co (new). Utd Gas (war). Utd Gas pf (7). Utd Lt & Pow A (1). 1 Utd Lt & Pow pf (8). Bales— Add 00. Open. High. Low. Close. 17 2 2 1% 1% 98 334 7 108 Prev. 1930.~ Ttd Mill S Fin Utah M Util Po utility Utility Veeder Venezu Wil Lo ‘Wilson 21% Dividend rates in payment. *Ex dividend. 8% in stock. gPI 3318 31% 2% in stock. kPl 108 107% 3% in stock. Unit Molasses, Ltd. . Utd Ret Ch pf (3%). U 8 Elec Pow (war). u U 8 Foil (B) (1).. U S & Int Secur. U8 & Int Sec 18t (5) U 8 Lines pf (1) U S & Overseas war. Utd Verde Ext (2) Utd Stores. Utah Apex (50¢) 4 Utah Radio. Util P&L B otfy Utll & Ind pf (1 Vacuum Ol (4). Vogt Mfg Co (2).... Waitt & B'd B 1.20).. Walgreen Co. . s Walgreen Co (war). W Western Md pf. Willlams R C (1.40). Winter (Ben{) Woodley Petroleum. 8% Zonite Products (1). 16 Stock and Dividend Rate. Auflw O\wn !uh u- clou k Products. - ishing....... i~ Dgwenwnn—nnwfl et & Tunnel.. w & Lt & Ind, pa Ao BB e a Equitte: Root (2%) ela Petrol. .. o wammeE Do e w Cafe pf(4). Jones (3).... dollars based on last quarterly or semi-annual Partly extrs trhu 15 ll tock. & Payablg in eash or stock. b payable in k. ent dividend. f Plus in stock. nm- 1% in stock. §Plus 10% in stock. mPlus 3% in stock. o Plus NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. (Continued From Pag 10 254 Wl BE&Mpt (5).. 20s Weston EIl Instr (1). Westvaco Chlor (2).. P » ©Sutma Wilson & Co... Wilson & Co (A). Wilson & Co pf. - Co o # | Harrisbure Gas ;;_x K1% 'n‘» 2 -9 Woolworth (2.4 4 158 87 126 26/ 14) Worth! 169 E67T% 93 78 Worth 152% 153% 156 81 Yale & Yellow 125 Yellow’ 25 Zenith Sales of 10:30 A M 1:30 P.M E‘nhpm ents based on & Paid this Ihen urn FFlus 8 pe $'Bls & ber” eent in in stock. 2% ki % 42 46% 60% 61 Dividend rates as given cent Brererred ‘stock. 'r Su ngton Pump.. 83 Pump(B) (8): 4 Wrigley (Wm) (4). 3 ‘Towne (2) 1 Truck. 104 Truck pf, Youngs Spring ( Radlo. Stocks on New York Exchange 771800 12:00 Neon. . 2,894,600 2:10 P.M. in the above table are the 8 latent quarterly or balf early slese then 100 o o FATHy extra. iPlus ¢ R ootnt fn stock. In . d Payable Pht l lfl Stoc s gor sent 1o biect o eporov nf GRAIN MARKET CHICAGO, September 30 (8 ‘The wheat market was sharply ":y“{h under nnenl huyin: ix;fluemzzdt strength in Liverpool. Tha market was higher because,of the re- ducuons"lpn Rbu::un ll:g ’Olu‘ dian c!- open ber, 'u% to 78%; March, “5 o 82%. the first half hour, !epwmbvr. 75 Deeember, 78%; March, ‘was hl(h!r with when fl- “Afer u'm opened 84 to 84l5; 9 to -nv.; Ml.rch. 79%; to 'n%. the first half hour, !e ber, 84; December, 79; March, 79 Oats were lhnrply higher \mder shm covering. grn 38%. M:.reh, 40‘/. to 40%. Afm me 1f hour, December, 38; March, 40. Provmom were higher. NEW YORK COTTON NEW YORK, September 30 (Special). —Cotton prices were 4 points lower to 4 higher at '.he opening of the market to- day. The New York Cotton Exchange trade service estimated the carryover of all kinds of cotton at 1,185,000 bales, compared With 9,195,000 in 1928-29 and 11,571,000 in the large crop year of 1926-27. Consumption of all kinds of cotton throughout the world is placed at 24,718,000 bales, against 25,824,000 bales in 19 29. g prices were: October, old, ofl 4 October, new, 10.02, off December, old 10.29, unchanged; De- cember, new, 10.24, unchanged; Janu- ary, old, 10.38, up 1; January, new, 10.36, unchanged; March, 10.53, up 2; May, 10.72, up 4, l.nfl Ju!y 10!0, up 1. DIVIDENDS DECLARED NEW YORK, September 30 (#).— Hidrs. of 1 Drexel 8t Bk (01, 52.59 Eagle Pitch Ld pf.3150 Hartford Conn td Mont_Powder pf..§1.50 New 'Ens Pub Beri, 528 2388E 988 Reed (C A 50c Rice Ranch Oil Co. Beabrook Engine A. .7 Security Invest Tr Ino &% st *> DDOD DOOOD POO D' DOOEOOLOO DOOLOLOLOD POCOELD '," Decea Recor T A trctfs .. §1 u's & B it Ltd A . 12] Do. 33 pf U 8 Merchants Shippers Ins . & Overs Cor 6luc West Grain Co Ltd $1.62% Qet. 18 Oct. 15 DOOO O 1D PO B o §1.75 Worthington' Bail' A 300 Do. B .. 130 Det Sav Bk new...80c Q Omitted. Qonsol Dairy Prod..800 Q Bep. 30 Due Oct. 1 “Dividend due at this time. el 5150 Q@ Due Nov. 1 Deferred. Alloy Steel Spring & llo Q Due Oct. 1 SHORT- TER)I SECUBITIES. (Reported by J. & W. Sellsman & Co.) Allis-Chalmers Co,. Bs 193 American Tel. &'Tel Sigs ib Americi i Bnlltm:an avian ol el rd London) !nl!m Mass 8 Ry 32323 J‘“ Sonthwestern Ry, 45 I d xm i o :;’fws SIS :lh b, 30 | hold the 1 0 | Febru: ESS55SnniEars’ FRARRFRPART o 2 . BONDS MAKE GAINS DURING SEPTEMBER Market Virtually Equals High Mark of Boom Period in 1927-28. Special Dispatch to The Star. NEW YORK, September 30.—With the exception of the last two sessions of the month, when there was widespread selling of bonds to support margin ac- counts in a rapidly declining stock market, the bond market gave an ex- cellent account of itself in September. Before the end-of-the-month break— which, after all, must be ignored as an investment factor so far as sound is- sues are concerned—the index of 30 bonds compiled by Standard Statistics and based on the 1926 average adjusted 0 100 had reached within a small frac- tion of the 1927-1928 high of 102.4. In other nds in September irtually equaled the high points of the last boom lnvanmem, market. ‘There were a number of factors to account for this in special cases, and there were likewise a number of factors to account for wide recessions in some foreign bonds and in a group of sec- ondary_and third-grade domestic is- sues. But the big things, behind the market's strength continued to be the cheapness of money and the broad in- stitutional demand for high-grade bonds. ‘The American public, to a greater degree poulbly than any other country Just now, is still keeping its money in banks. These institutions amount of the public's cash in the history of this or any other p. 20 | country. This in itself is a significant factor, owing o the strict limitations placed on savings bank and trust fund investments. Only the best of corpo- rate, municipal and United States Gov- ernment issues may be bought. This has resulted in a steady climb of the domestic average. The index just men- tioned stood as follows from month to month: At the end of January, 98.4; March, 100; April, 99." e, 99.5; July 100.4; A .2; and for Sepcember the un- revised figure was 102, This is an im- X on September 26—or even over the 1929 hhh of 99.9, At the same time, the market has ab- sorbed in the last eight months a total of $5,034,488,914 in new bonds. Of this total, September accounted for $350,- ,000, compared with $234,796,033 S:En' August. m::h o o{dthtz large re as represen -grade domes- | tic bonds has been well distributed. e ety MONEY MARKET. NEW YORK, September 30 (#).— Call money renewed at 2 per cent to- day, as -mnn 1'% per cent yesterday, and remained firm at the 2 per cent level. Some calling of loaris by banks helped firm the market and no funds were available at a concession in the outside market. The average renewal rate for call money this month was 2.20 per cent, against 2.177 per cent in August and 8.53 per cent in September last year. ‘The high this month was 2!; per cent and the low 11; per cent. Time money was easier, 30-day ma- turities being off % of 1 per cent to 1% to 2 per cent. Other maturities were unchanged. Bankers' acceptance asking rates were unchanged, com- mercial paper was active, with best names at 2% to 3 per cent, ofl %. INVESTMENT TRUSTS YORK, September 30 (#).— Over-the-counter market: un ers unchanged. TREASURY CERTIFICATES. (Reperted by J. & W. Seligman & Co.) ;l‘,n—unumy. i e 1 Illzl er.‘ }!, 1=I COMMODITY PRICES - The wholesale price index of the Na- tional Fertilizer Association for the week ended September 27 declined 9 frac- tional points. The decline is one of the sharpest in many weeks and reduces the index number to 83.6, as compared m:r:m-m:mmaouum Of the M groups in the index not a single one advanced. Eight .gvume- clined and the nmlln no change. Among the 45 commodities that showed declines were cotton, wheat, c?rn lard, laumr, hogs, fuel, ofl, rubber, pig iron and copper. Included in the nine commodities that advanced were cattle, finished steel, canned tomatoes and burlap. AL, *¥¥% A—15 FALL SALES T0 RUN NEAR 1329 FIGURES Difference of About 10 Per Cent Predicted After Survey by New York Firm. Speelal Dispatch to The Star. NEW YORK, September 30.—Under | the influence of reduced incomes in both industrial and agricultural dis- tricts, consumer purchasing power s curtailed in comparison with & year ago. Conditions vary mehnut the country, but in general Fajl sales An- proximately 10 per cent under the re- sults for the like 1920 period be estimated, says the Standard Statistics Co,, ir: & current survey, which follows in part: 'Pl.xoept for moderate gains in retail and wholesale distribution, the seasonal upturn in business activity which 18 ordiarily witnessed at this time of the year is, and will be, of only nominal proportions. Output of steel mills has expanded slightly during the month and will likely show further ;l;llll gains, b[m. curr&m uvr:::ctllnn of per cent ol cupac y rply un- der that of a ago. Automobile outturn is maini lned about on & par with the low level of August, but some temporary improvement may be ex: pected during the next mont "!undlnx activitles are cumnfly about 33 per cent belo thll time last year and little, if any, gamn may be ex- pected in this field before 1631. In other lines, operating schedules gener- ally compare unsatisfactorily with 12 months earlier. Moderate expansion is expected as orders are placed for im- mediate and 1931 requiremnts, But it is not believed that activities will attain the level of a year earlier during this Fall. Consequently, employment and pay rolls will undoubtediy continue to be materially smaller than during uu Fll;‘nl 1929, " ot arvests of small gra ire larger than had been expected and are in ex- cess of 1920 receipts, Late crops, ha' ever, suffered from drought Summer and indicated yields are M compared with last year’s results. Cur- rent farm prices are the lowest received in the past 15 years, and incomes from 2! | ier deciinte, adionting that waes er declines, indical aggregal 1930 cash receipts are unlikely to come within 8 per cent of equaling the final 1929 returns.” POBRERLIA BANK CLEARINGS. NEW YORK, September 30 (Special), —New York bank clearings _today, $1,549,000,000; & year agv, “'NX.M, 000. New York bank balances -AGAIN SHOW DECLINE 13500 & yea sen, Si38000005: today, $168,000,000; & year aj 206, 000,000. et Money on Hand to Loan om First Deed of Trust 6% Interest Reasonable Comnvission and Applica JAMES F. SHEA 643 Louisiana Ave. N.W. NEW YORK BANK STOCKS NEW YORK, S¢ptember 30 (C.P.A.).— Bank stocks and trust shares continued to_decline today. Bnn 'rmlt at 132 was off klyn ‘Trust, 682, off 3; cmtnl H-nowr 319, off Chatham-Phenix 100, off 1; Chelsea 27, off 1; Chemical 60%, up ‘/z. National c"é 13514, up %; Commercial 380, off 10; Continental 24, up 14: Corn Exchange 162, off 1; Em- pire 70, off 1; Hrl ‘National 4500. off 100; Gullll'lty oft Irving 44%, off %, and New York Trust 233 off 3. The following were unchanged: Bank gg A%;Hcl %Dm‘ U‘nlfid l&ltfl. ase, : Manufacturers, 7 and Public, 94, RAW SILK FUTURES. NEW YORK, September 30 (Special). —Reflecting poor cable advices, though Yokohama was closed for settlements today, raw silk futures today opened 2 to "10 points below Monday's finals on the raw silk exchange. Kobe was 6 to 14 points lower and the outside Japanese markets were weak. Prices here eased further, and around mid- day net losses ranj with the Noveml with important interests and uptown trade opentors the best hfuym PABIS nomn PRICES. PARIS, September 30 (#).— Prices improved on the Bourse today. Three per cent rentes, 88 francs 6 centimes. Five per cent loan, 101 francs 75_centimes. Exchange on London, 123 francs 84 centimes. The dollar was quoted at francs 48 centimes. and nearby Maryland and year term: MORTGAGE LOAN 1321 Connecticut Ave. Baltimore Copy of our “Fortnightl 1510 H Street S5%% RANDALL H. HIAGNER & COMPANY | CES % ill Building | 17th & I Streets | Several single offices and suites available at most rea- sonable rentals. Awly to Renresentative, Moore & Hill, Inc. 730 17th St. N.W, | First Mortgage Loan Applications Invited at 5)5% Construction Loans Glover & Flather 1508 H St. N.W. National 1753 First Mortgage Loans On improved Real Estate in the District of Col mbia Virginia for 3, 5 or 10 s on your Office Building Business Property CORRESPONDENT New York Life Insurance Company Decatur 3600 G.M.-P. MURPHY & CO. New York WASHINGTON Philadelphia Richmond London MEMBERS New York Stock Exchange Washington Stock Exchange Richmond Stock Exchange New York Produce Exchange New York Curb Exchange v Review” on Request Connecticut at K Nationn] 9600