Evening Star Newspaper, October 6, 1930, Page 14

14 xux PURCHASING POWER 1§ TEST OF WAGES A. F. L. to Hear Report on Survey of Monetary Return + for Services Performed. BY JOHN F. SINCLAIR. Special Dispatch to The, Star. 1 NEW YORK, October 6.—The Amer- | ican Pederation,of Labor.bas. lang heen | studying wages in Telation to purchas- ing pow Ls leldern unuermnd th-v. wvages, nced . little. I_{.s whl‘; thc dou:r wul buv that really coyp! ‘When the organization meets for its fiftieth annual convention in Boston today this subject will receive plenty of attention. James O'Connell and John P. hey,l officials of the metal umen divisi D | have finished 8 Teport which Asks t! federation to SUDPOTL @ and a five-day week, with basis of an ejght-howr day. or eYeR higher. The report asks {l!;rlhbear ‘th:;‘ industry be organized on thbe basis two z)ry lhre!r'?\le hour shifts dalily. | | It's the federation's answer to the question of how to solve the ugemploy- ment problem. “The two or three five-hour shift plan is coming as cerainly as_the | three eight-hour shifts came. That displaced the two 12-hour shifts in con- tinuous production,” say these men in this report. Real wages have failed to keep pace with industry’s ability to manufacture. ‘Wages paid to American working men are economically unsound and out of line with wealth being produced by in- dustry, according to this report. ‘The spread between the wage earners’ capacity to produce and their capacity to purchass must be made smaller. In the closing in of that spread, lies the hope for continued American prosperity. Federal Reserve Under Attack. ‘The Federal Reserve is under attack again. The keynote speéch of Senator Wagner of New York charged the Fed- eral Reserve Board, “of which Mr. Mel- with vetoing the ac- York Federal Reserve 1929 it attempted to on further credit in- mnmng of a campaign to bring the eral "Réderve weuvely | into partisdhi policies? ' It there any way by which the Reserte Systeri can "\old it whfle the Secretary of the , Whoevet he may be, remains flation. Is this the ‘Systemn.”™ suggests that the Federal Reserve act be -mended w0 mfld! that— . The governor be chosen from the !flfiln‘ ‘membership of the board itself rather than by presidential: - ment. 2. That the' chairmanship ‘of the board be held by the govermor, not by the Secretary of the Treasury, as at present. 3. That “a ‘member of the Pederal Reserve Board who has been confirmed by the Senate at the time of his -firet nomination may be reappointed by the It Jooks as lhou:h the PFederai Re- serve system is in for stormy weather in the Fall political campaign. Al- ready its policies from 1923 to 1929 have been severely criticized because of the board’s lethargy in allowing stock mar- ket speculation to reach the he.ghts it did before the break of last October. Just as everything was set for a meeting in New York of the heaa: of the various banks of Germany, England, France and the United States, the an- nouncement comes that probably Sec- retary Mellon anc Gov. Meyér of the Pederal’ Reserve Board will not take part in any meeting to discuss inter- nal finance with these bankeis. Meyer’s Appointment. Eugene Meyer, jr.. has been appointed by President Hoover as governor, but the United .States Senate has not yet confirmed him. Hans Luther, governor of the Reichs- bank, now is not certain he can attend. Shouid a dictatorship be proclaimed in Germany, many think Dr. Luther will be named to fepresent that country Af the meeting is held. However, the project has been met with considerable opposition during the last week or s0. It is difficult to ree a present what can be accomplished. Per- haps at the last nrimute the nreeting will be called off —for a time at least. All of which shows that it's pretty difficult to keep business out of polmu H and politics out of ‘busimess. < - ‘When Soviet Russia eommpletes its five-year program m September 1988, 62 transmitting stations will cover its vast territory like @ mantie. This great network of stations will incluge posta!, telegraph and telephone as well as radio communieations. Soviet leaders know the network's vedue-and: ite future | in their unification progrem. - { Step on a train at San Franeisco and | step off at London, England. That’s | how far it is from one side of Russia to | the other. At first, 18 to0. 20 stations were. con~ sidered sufficient. .. B the .incroasing | . 3 popularity of the xadio.has become 30 strong that Soviet officials dscided umnf an even more ambitious. program. means increasing ths expenditure o the five-year period from about $134.- | 000,000 to $683.000.000, according. to. the American Department of Commerca. Soviet Russia is building frcm the ground up. Population and Slumps. Viadimir Woytinsky, statistician of | the Pan-Eurcpa League, attributes the | world economic slump to overpopulation. | There are 7,000,000 more workers in | Germany now than in 1913 and 4,000.- | 000 more in England. Even compared with 1925, Germany has 2,000,000 more | workers and the number is steadily in- | creasing Europe's population increased from 187.000.000 in 1800 to 406,000,000 in 1900. But 60.000,000 of them emigrated. In fact, during the last half of the nineteenth century about 2,000,000 Eu- ropeans emigrated to foreign countries each year. But with present immigration restric- tions getting tighter all the time, only | about 500,000 Europeans annually—or a quarter of what it was before the war— are able to enter other countries. So a Ppopulation glut in Europe is in praspect. “War has shown itself an ineflective | & preventive of overpopulation,” says M. Woytinsky. “What was unachievable for heavy artillery, airships, tanks and poison gases musi be achleved by a| birth-rate decline in war years and al birth-rate regulation after war.” This sounds plausible enough. - But many economists only wish the problem was as simple as this, SHORT-TERM SECURITIES (reported by J. & W. Selisman & Co.) Big er. Allis-Chalmers Co, S¢ 1037, ... 1013, bt American el & Tel. 81381043 109 erican Thread 8's5 1038, lumore & ohio {izs tayian Pet. il of Clnldn 85 m Pet. o) * 10 mz U T Califor; Cany 1938 101": ;| the company had $36 American and 29 FINANCIAL, THE EVENING STAR, NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to ~Prev.1930—~ Stock a High, Low. Dividend Rate 34 Motor Products (2) 17% Motor Wheel ( 8 Mullins Mfg. . 314 Murray (B) (2% stk) 29% Nash Motors (4). at Acme (135) H 10 TF® Ndf Lead of (A) (‘l).’ 108 32 NatPow &Lt (1), 201 Natl Tea (1). . . 108 Nevada Copper (1).. 27 Newton Steel. 37 N Y Alrbrake (3.60). 149 N Y Central (8). 9212 NY Chi&StL (5)... 108% N Y Ch & St L pf (6). 174% N Y & Harlem (5) 95'% N Y N H & Hart (6) 146 NYNH&HDS (7 64 N Y Ont & Wester! 14 2481 Norf & Western 64 North Am Aviation.. 871: Nor Am (b10%stk).. . 61 - North Amer-of (3).. % North Am Ea pf ¢6).. 607 Northern Pacific (5). 42 Northwest Tel (3) 1% Ohio Ol Co (2). 91 Oil Well Supply... .. 612 Oliver Farm Equip.. 45 OlivF Eqpf A (6). 124 Oliver Farm Eq cv pt 55 Otis Elevn (234), 20% Otis Steel (234), 53 Outlet Co (4) 6% Pacific Coast . 52t Pacific Gas & El (2).. 71% Pacific Lighting (3). 204 Pacific Mills 30 130 Pacific Tel & Tel (7). 10% Packard Motor (1).. 5013 Pan-Am Petrol (B) 48% Param'nt Publix (4). 5 Parmelee Tran (60c) 2% Pathe Exchange. ... 5 Pathe Exchange (A) 9t Patino Mines. .. ' Penick & Ford (1) . Penney (J C) (3) 931 'Penney (JC) pf A (6) 5 Penn Dixie Cement 684 Penna RR (4)... 35 Peop Drug Stra (1).. 2 126 Pere Marquette (18). 1415 Petrol Corp (13). 271 Phelps Dodge (3). 50% Ph¥la Co 6% pf (3).. 108 Phila Co pf new(6).. 11% Phila Read C&1.. 24% Phillips Petrol (n2).. 10 Phoenix Hosiery = Plerce Oil. 191 Pierce Ofl pf. 24 Pierce Petroleum. Sia Philip Morris&Co(1) 27 Pilisbury Flour (2).. 3R%. Pirelli Italy (a3.14). 35% Pittsburgh Coal. 17 Pitts Serew (1.40). 3015 Pitts Term C pf. Pittaburgn U T » 20 Poor & Co (B) (27, 5% PR Am Tob (B). Postal Tel & Cof (1) 27 Praivie Ofl & Gas (2) PrairTe Pipe L (15). 5% Presdéd'Steel Car. .. 52% Proct & Gamb (2.40). 105 ° Proe & Gambrpt (5). 5 Prod & Refiner; 26 Prod & Refiners pf 813 PubSv N J (3.40) 91% PubSv N Jpf (5 1061: PubSv N.J pf (6). 121 Pub SvNJ pf(7) 107% PubSvE& G pf 59% Pullman Corp (4 114 Punta AlegreSu 16% Pure Of1 (1%). 109% Pure OIl pf (8) 52 Purity Bakeries (4). 26% Radio Corp .. 52% Radio pf A (33) 54% Radio Corp (B) (5).. 19 Radio-Keith-Orph A. 221, Raybestos Man 2 60. 98 Reading Rwy (4) T ECT LT D IO - e aanBs s @ marBanRarwaRanl T amenmes Rem-Rand 1st pf (7) 8'4 Reo Motor Car uOc). 24 Republic St e 72% Republic St 10 Revere Copper & Br. 16 Reynolds Metals (2). 70 Reynolds Tob A (3). 45% Reynolds Tob B (3). Ti4 Richfield Oil. 8% Rio Grande Oil 2714 Rossia Insur (2.20).. 43 Royal Dutch a3.2165. 57% Safeway Stores (5).. 97 Safeway Strs pf (7). 33% St Joseph Lead (13). 70% St L-San Fran (3)... 86 St L Southwn pf (5). 16 Bavage Arms (2) 4% Schulte Retail Strs., 2% Seaboard Afr Line. .. 56 Sears Roehuck 12% . 7 Second Natl Inv. 58'5 Sec Nat Inv pf (5) 1% Seneca Copper At Servel Ine. 14% Sharon Stes 30% Shattuck(FG)(11%) 11 Shell Union Oil 86 Shell Un Oil pf (5%) #% Shubert Theaters. }g 2 Simmons Co. The Star Office. lOfln(lmnd From Page 13). Auo(: . Dividend Ra i ir Skelly Ol (2)uuues.s v Solvay Am prww by Rou P’ Rie Rug (1.40), Southern Cal B (2)., o Sales— Add 00 Con Ol (2). 43; K 2 Routhern Pacifie (6). Southern Rwy (8). .. Southern Rwy pf (5) Spang-C) AR halfant Svarks Withing (1). Spear & Co. .. Splegel-Ma Stand Bra: Stand G & B (3%) Stand G & B pf (4) Stand G & EIpf (6)., & d Invest Corp. . Stand O of Cal (2%). Stand Ol Bxp pf (5). Siand Ol of Kan (2) Stand Ofl of N J (t2) Stand O1l N Y (1.60). Starrett Sterling (L 8) (12%) Seo (A) Ster] Ree pf (1.20). Ster] Sec ev pf (3) Stewart- Warner (2). Stone & Webster (4). Studebaker Corp (37 Sun 011 (11) Superheater (1314). Saperior Steel. .. .. Sweets of Amer (1), Telanutograph (11.40) Tenn Cop & Ch (1).. Texan Corp (3).. .. Tex Gulf suluh ). Texas Pac mnd Tr. Thatcher Mg (1.60). Thatcher pf (3.60) Thermoid Co. ... Third Nat Inv (2)... Thompson Pr (2.40). Thomp-Star pt (315) Tide Wa Tide Wa ter As (60c) t 01l (pf (5). Timken Det Ax (80¢) Timken Roller (3)... Tob Prod (A) (80c). . Transamerica (1). ansue &W (1) Tri-Cont Corp. Tri-Cont Corp p! Truscon Und-Ell- Stl (g1.20).. Fischer (8). Union Carbide (2.60) Union Ofl of Cal ($2) Union Pacific (10). .. Un Tank Car (1.60).. Utd Aireraft, B Utd Biscuit (1 60) Utd Carbon (2) Utd Cor Utd D; Utd Gas Utd Cigar Stores. ..., Utd Corp (50c) . bt (3). ood. . Ttd Dyewood pf (). Utd Electtic Coal. Utd Fruit (4).. &1m (120} Utd Piece Dye W (2) Utd Stores (A).. U 8 & For Secur...... U 8 & For Sec pf (§). U S Hoftman (2)..... U S Ind Alcohol (17) U S Leather (A)..... 4 USPipe & F (2) U S Realty (5). U 8’Rubber. . 7 S Rubber 1st pf. U S Steel (7).... U 8 Steel pf (7). 4 U S Tobacco (4) . Univ Leaf Tob (3) Univ Pipe & Rad Util Pow & Lt A (e2) Vadasco Sales Corp. . Vanadium Stl(t4).. 2: Van Raalte Va-Car Che ¥ Va Iron Coal & C p! Vulcan Det (4).. Wabash P (A) ( Waldorz Systm (1%) Walworth Co (2).. Ward Baking (A). Warner Bros Pict. Warren Bros (3) Warren Fdy & P (2 Wess Oil & Snow (2). Wess O & Sn pf (4).. West Penn K1 A (7)., 105 West Penn EL pt (6). West Penn El pf (1), 2 508 508 West Penn P pf (7).. 50s Western Md. . Western Dairy A (4) .- We: Western tern Dairy (B).. Pacific pf West E & M pt (5) 4« Weston El Instr (1 White M. otors (2). Willys-Overland Wilson & Co (A) 4 Woolworth 12.40). ... Worthington Pump. . Worth Pump (A) (1) Worth Pump(B) (6). Wrigley (Wm) (4).. Yale & Towne (2). 12% Yellow Truck 32% Youngs Sprin, Sales of Stocks on New York Exchange 10:30 AM Dividend rates as 490,000 12:00 Noon....... 1,145,800 1528100 2:10 P.M 1,815 700 glven In the above :.nu“.n the annus cash payments based on the latest quarterly tions. 5 Unit of trading per cent n stoc a Paid thix year- when earned: tock Plus 2 | 3 Pus | per ‘cent o’ shock. 6 per less fl’lnhlo o no T < Payabie i ca u; cent in 8 per cent in stock Plus § per cent in n | oreferred stock. r Bubiect to yporoval o -mnnmm. ' BANK STOCKS DROP 14 POINTS IN MflNTH_ { Szptember Declmel in New York Issues Heaviest Since June 24, | Records Show. In the heaviest declines recorded since | June 24, the entire New York City bank stock list in September established sev- eral new 1930 lows. After having been | as high as 160 on September 10, the | Hoit, Rose & Troster weighted index of | 14 leading bank stocks closed September 30 at 138. This compares with 136 on June 24. The range for the month, based on closing bid prices, was as fol- lows: | SQBI 2. !efll 30. Bankers 131 c»mm Hanover 128 e . Chatram Bhenix 3 | Chemical ..... ‘wu, 23 America Manhattan | Manufacturers New York Trust T | 230" Public ... Weighted average.. S. 5. KRESGE SALES. NEW YORK, October 6 (#).—Septem- | ber sales of the S. S. Kresg: Co. totaled | $11,265,218, a decrease of 58 per cent from $11,971,088 reported for the like month last year. Sales for the first nine | months this $ear were $101,015229. a decrease of 3.1 per cent from' $104,303,- | 398 for the corresponding period of 1929. At the end of September this year Canadian stores in operation. CORPORATE FINANCING. NEW YORK, October 6 (#).—Total w. i 8553528 154 100%, 102 101 80 108 04 ”N SEEE IF 33838 e e %"Ahfll'.kil % re- ports. res, wi only per cent ot those for September last year, represent an increase of 60 per ecnt over res for August this year. d fering of $323,600,00 aceount for practically the entire financing. . of 97 nppuls for annulment of mar- riage to the Roman Rota Court only 20 | Corporation | and the balance in 52 weekly install- | his Securmes Sale On Tlme-Paymenl Plan to Be Tried Is Being Formed to Market Stocks in Odd Lots, BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, October 6. —The finan- cial district, from the automotive industry, plans to | sell securities on the installment pay-| ment plan, it was learned today. Feeling that easy payments pulled | the automobile trade out of the 1921 business rut and that the success of finance plans has been demonstrated by several highly profitable companies listed on the New York Stock Exchange, perhaps - taking its cue | | Ainance the purchase of securities at | H so much per week. This “securities finance corporation’ plans to enable the odd-lot buyer or the “little fellow,” who wants to buy less than 100 shares of stock, to pick out any stock listed on the New York Stock Exchange, pay a nominal amount down ments, | Will Not Be “Sold Out.” | The installment security buyer will recelve from the corporation financing investment a guarantee that he | will not be sold out as long as he is not | in arrears on weekly payments. Intensive selling drives on the de- ferred payment plan enabled the auto- motive industry to increase its output by 963,864 cars and trucks in 1922 and to become by 1926 the leading American industry. Along with this growth came the automobile finance companies’ rapid advancement. The radio industry, it is Poln:cd out, is the child of installment credit. Under present installment plans for acquiring securities, most of the few firms engaging in such business demand a down payment ranging from 25 to 50 payments at a relatively | high rate until the purchase is com- | Ppletet, thereby shortening the time element. In selling bonds on the pay- INSURANCE STOCKS DECLINE IN MONTH | New York Securities Slump During September in Sympathy With Many Other Issues. In sympathy with the declines in other security markets, the New York City Insurance stock market was lower and heavier during September. From a high of 63', on September 10, the | Holt, Rose & Troster weighted index of 20 leading insurance stocks eased off 1o | 58 on September 30. The range for the month, based on closing bid prices, was as follows: Sept. 2. Sept. 30. Aetna Cas & Sur., oy 115 Aetna (Fire)..... 3 5 Aetna Life | American _(Ne Continental Globe & Rutge; | & huge corporation is being formed to | Harmenia .. U 8 Fire.. Westehester Weighted average. with $100 a month thereafter. ob'zloualy such plans limit purchases the higher-salaried classes. WASHINGTON, 2! 2,0022.50; 6.00a6. 3 | Georsetown Gas 1t 55 D. - €., MO BONDS OF BRAZIL IN RAPID DECLINE Other South American sues Affected by Drop Due to Revoit. Is- BY F. H. RICHARDSON, Special Dispatch Lo The Star. NEW YORK, October 6.—The prices of Brazillan bonds, together with those of other South American states, melted away rapidly to new low levels for the today in the face of alarming re- of the spreading of a revolution razil. Rio de Janeiro 6s dropped 5 points, Brazil 6%s 315 pol.nta Brazil ?lo 3% points, S8ao Paulo 6s 3 points, Sao Plulo 78 (the coffee loan) 2 points, and Rio Grande Do Sul 8s over 7 points. A long list of others had comparable declines. ‘Weakness on the stock market at the opening, which had a sequel in margin | calling 'and forced cashing of bond holding, contributed to the acute weak- ness of South Americans. Money rates were unchanged. Volume was good. ‘While this was going on prime domes- tic issues held their levels or made small gains. Convertibles were quict and virtually unchanged. But the weaKer industrials and secondary railroad ob- ligations were also subject to much selling and broke into new low ground. The market at the opening had con- flicting reports regarding the Brazilian situation. ~ Pirst the government an- nounced that the revolution was “under control.” Then came a news bulletin declaring the revolutionaries had con- trol of five States. Finally, President Washington Luls of Brazil decreed a state of slege throughout the republic. Nervous holders of South American | bonds, who had seen them break widely | 1ast Fall, and again this year with every little rumor of unrest or commolity | market decline, threw them on the mar- ket in large quantities. Washington Produce Butter — One-pound prints, tub, 43a44. Eggs—Hennery, ceipts, 26a27. Poultry, alive—Spring chickens, large, 27a28; small, 25a26; Leghorns, 24a25; fowls, large, 22a23; small, 18a20; Leg- horn fowls, 13a14; rooster, 14a15; ducks, 15; keats, large, 50a60; small, 25a30. Home dressed—Spring chickens, large, 33a35; medium, 22a25; 1, 20a22; Leghorns, 28; fowls, large, 27a28; small and medium, 23a25; Leghorn fowls, 18a 19; roosters. 18al9; ducks, 23a24; turkeys, 33a35. Meats, fresh killed—: 18a22; lamb, 20; porl hams, 25; fresh shoulders, 22; smoked hams, 28; smoked shoulders, 20; bacon, 28; lard, in bulk, 15; l-pmmd pack- ages, 16. . Live stock—Calves, 111;; lambs, 715. Fruits—Cantaloupes, flats, 1.50a1. honeydews, 1.50a2.00; Persian meluna‘ oranges, 8.00a9.50; 0: grapefruit, 3.00a4.00; dam- “sons, 2. backets, 1.00a1.25; pl‘\lMl 2-peck_baskets, 2.00a2.50; grapes, i pson seedless, 100-12 1.75; Zinfandel, 1.50a2. ‘Tokays, 1.25a1.50; -peaches, 2.50a3.00. Vegetables— Potatoes, 150~pound sacks, 350'. sweet potatoes, per barrel, 5.00; tomatoes, 2-peck baskets, 75a1.00; atring “beans, 1.00a1.25; cauliflower, l75l200 beets, per 100 bunches, 3 00a carrots, per 100 bunches, 3.00a 500 kale, 1.50; spinach, 75a1.00;okra, 2-peck baskets, 1.25a2.00; eggplant, 15- 1.00; squash, 2-peck baskets, 1. pers, per b\uhel 75a1.00; m& 3. 75!4 25 —_— 44a45; 35a36; current re- ‘| Washington Stock Exchange SALES. Wasaington Rwy. & Elec. pfd.—2 at 98, 10 at 98. Mergenthaler Linotype—10 at 947, 10 at 947, 10 at 9475, 10 at 947, 20 at O The Carpel Corp.—50 at 2414, 50 at 24, 50 at 23%, 50 at 231;, 25 at 7 AFTER CALL. ~ Washington Gas 6s “B"—$100 at 106, $200 &t 106. Potomac Electric 5! % pfd.—5 at 108Y4. Lanston Momlyy—l at 114. *A"—$500 at 10374, 24. Washington Gas 6s “A"—$100 at 103, $100 at 103. Bid and Asked Prices. BONDS. TILITY. PUBLIC U By, Askea Ans sued | Saptiar Traction n |4 5 City & Suburban s Potomac Elec. cons. Potomac Elec, 6 19 53 lex & Mt. Ver. cif. Balto, & Arnap. 'S¢ Gas Ear a6 Series A ‘Gas 65, series B .11l . Rwy. & Elec. 4s.. .. MISCELLANEOUS. Barber & Ross. Inc.. 6'2s. Gneyy Chaze Club $ias Bock Blec” ower 6% ptd - Por. Elec. Power Vi pid Rwy. & El " NATIONAL BANK. Ca lu;l 1lf\ " i E be: ki) Eincoin (12 Metropolitan (1 Riggs (159)... Second _(9e) Washington (13 TRUST COMPANY. er. Sec. & Trust Co. (15). Lonunemnl Trust (6) Merehants’ Bank & Trust' i6). Natl.'Bavings & Trust (12i). Prince Georges Bank & T Union Trust (8g) Wash. Loan & Tr BAVINGS BANK. Bank of Bethesda (65). Commerce & Savings ( East Washington (12) ! Potomac (10) Security Savin Sevent e stutes (30) Wash. Mechanics' (20} FIRE INSURANCE. American (12).. | Corcoran Eiremens (&) National Union -nnz INSURANCE. Columbia (h) Real Estate (6h Title & Inv. C m MIWBLLANIOU& ; Jnc. com o ‘318 B 480 Coming at & time when savings banks | S0 4'; to 4 per cent, installment security aemng especially where it is not eon- fined to stocks and bonds sponsored b the seller, may compete for savings 4 Pposits. One seller of a special type of securi- ties, offered on the installment buying plan, gives to each purchaser a life in- surance policy which states that after the down payment has been made the security buyer’s heirs, in the event of his death, will receive his se- curity Dlll‘thlle without making further lents on i biate (cqnn-m. 1930 . Fgyptian Cotton Crop. CAIRO, October 6 (#).—The Egyp- llan government estimates the 1930 ment plan few houses will sell less ihan 41,000 denominations, succeeded. inftial paymenk of $50071s demanded, crop as follows: Sakellaridis, tton on which an znlm kantars, and other varieties, 6,092,367 kantars, are reducing their interest rates from | £ }\#{ Inv. P e 'u. nons P" 8 Real Becurlty, siorage uu Tl Rer k "Wh, Cor com. 5 ARy T w *Ex dividend. B Books closed. nasc extra. 130c extra. §1% extra. ’ Am:ricans drink an average of 56 gal- lons of milk a year, Swedes, 65, and English, 21. ‘ lemons,'| I RO 562, Argentine 5 Argentine Argentine 6s Ju '69. Argentine 6s Oc '69. Argentine 6 Argentine 65 Australia 435 '56. . Australia 63 65 Australia 5= ‘67 Austria T "43 Belgium 6355 Belgium 6%8'49. .. Belglum 83 "41. Bolivar 7s '58 Bolivia 7s ctfs Bolivia 83 *45. Bordeaux §s 34 Brazil 6155 '26. Brazil 615827, Brazil 7s. Brazil s Bremen 7s anada 68°31. ‘anada 58 '52. Chi Chile 6s 'Kl Chile 7x "42. R Chin Gvt Ry 55 ‘61. Colombia 63 Jan '61 Con Pow Japan 7s. . Copenhag 4% Copenhag 55 ‘62 Denmark 4%;s 62 Denmark 5%s '55. . Denmark 63 42 Dutch East 1 6s Dutch East 1 fs ‘62, Fl Salvador 85 '48. . “lat 73 ex war "6 Finland 5% ‘68 Finlane 78°50. .. Fram [ D 7%s 42 Krench 7s ‘4 French Gvt 7348 Gelsenkir Min 6534 German 5% erman Bank erman 6%s ‘50, German 7s rep *49. Ger Gen El 7s Greek 63 '63 | Italy 78751... lItaly Pub Sv 7, 6% s 54 Jugosl Bank s 5 Karstadt 65°43. ... Kreug & Toll b8 '59. Lyons er!!lll.‘l 34 | Mextco 55 A 45 Milan '62 lfonuvldeo 18 Nera'e %s Norway 55 '63 Norway 5% '65. Norway 543, -Norway 68 "4¢. .. Norway 6s 52 Orfent dev 6355 '58. Orfent dev s '53. Paris:Ly M 6358 Poland 7s Soland 55 0. Prague 7%;s 52 Queenland 6547 Queenland 7s "41. Rhine West 6: Rhine West Rhine West 75 '50. | Rio de Jan §14s 53, Ro de Jan 85" R Gr De Sul 6 | B Gr De Suiss 46 | Rome 6338752, ., Roy D 4545 ww. Sao Paulo 85 ‘60 Sweden 6*!'5( Swiss 5%s 46 Swiss Confed 8340 Toho El Pow 65’32, Toho El Pow 7 %55, Toklo 5%s *61 Utd King 6% s *37 5 Yokohama 6s 61 Abitibl P & P 5563 Allegheny bs '44 Alleghany 6s '49 Allis-Chalm bs "37. ., Am S&R 1st Am Sug Ref 6s Am T&T cv 423839 Am T&T 5865 4 Am W Wks 5834, Arm & Co 4%s'39 Arm Del 514843, AtGulf 898’5, . Bell Tel Pa 63 B Bell Tel Pa 55 C '60. Beth St p m 6s 26 Bk Ed gn A 58 Cert-td deb 6% s '48 Chile Cop db 55 *47, Colon Oil 65’38 Col G&E bs May 62 Com Invest 515549 Com Invest 6s ‘48 CC Md 1st rf 68 '50., ConG N Y 534845, C Am Sug col 85 '31 De Edison 53 *40 Det Ed rf 65 B '40 East C Sug 733 '3 Fisk Rub 8s 41, Gen Canle 5% Gen Motors 6337 Gen St Cas 5%s'49. Gen Thea Eq 63 *40. Good 15t 6348 47. Goody'r Rub 58 '57. Hum O&R 678 '62. M BTIistpfbs A 111 Steel 4% s '40. .. (nland Steel 4} Int Cement Int Hydro El 65 '4 Int Match 6s '47 In M M col tr 65 41. int Pap 6s 55. INtT&T 4328°5 Int T&T v 43483 InUT &T68'56... Kan Gas&E 4% ‘80 Lac G St L 55 '34. Laciede 5%3 C '53 Man S 1st 7 McCormack Mid St & O 6, Mont P db 5s A '62. Mor & Co st 4158. . Nat Dairy 5% 548, . Nat Rad 63547, N Eng T 1st 55°52.. hus 10214 10212 102 14 10815 10311 10314 10216 10212 10216 10619 10619 106 19 1 108 28 108 24 10823 1138 1136 FOREIGN. Sales Hith, NDAY, OCTOBER 6, 1930. o v sonx BONDSmoce sxcanca] - |BJYING OF WHEAT Reulve‘ by Private Wire Direct to The Star Office UNITED .TATII- 1 10 90 891 9451 5 10215 . 27 1021 16 102% 12 110 6 86 7 82 2 96% 6 1075, 10 12015 14 126% 18 “921; 159 80% 25 /7% 16 85 93 108% 8 102% 3 85 10 100 3 9 4 981 15 3 8114 98y 98% 1013 1073 112 1027 1061 431 943, 65% o aBasffuwe aRanmsannSia 25 11 "ll "lh mm 1015 ‘lom& Clote, 1015 1136 1.0w. Close. 89% 90 8014 93y, 943, 9 Y 9“‘ 891y 821, 2t 1024 43 10214 102% 110 86 82 961 107% 120% 1258 91y 79% 975 937% 105 R214 66 96% I(Q\ 92 0; 104 1048 102% 9244 - 9214 984 98Y, 108% 104 105% 69 98 MISCELLANEOUS, 815 | Mo Pacifie 3414 % 1024 4 108 4 104y 84 101% 20 109% FINANCIAL. Sales 18 7 51 INYEd5sB 44, I.v_vm [PTRIN Ny 539 2 106% 1140 114% 102% 102% 107% 107% 111 110% 107% 1074, 1034 103% 106 106 105 105 107% 1074 1004 100% 4 48 1055 108 103 1024 971 97 95% 941 106 106 87 86 108 108 9% 99 9 9 8 9T 76 13% 103% 108% 104% 104% 102 102 1021 102% ]VYTQI | N Y Tel 63 NorOT & L 63"47. Nor St Pow hx A 41 Nor St Pow 63 B ‘41 | Pac T&T1st 5837, 5. ~ cenan Pathe Exch 7s 'I'l . | Peoples'Gas 3. Phila Co 68 '67 Phila & Read 65 *4 Phil Pet 5iss 39 Pierce Ofl deb 8. Pos Te) & C 53 '53.. runsvcvu'n.. Pure Oil 5% 837 Rem Arms 63 A -n. Rem R'dblsn A 47, Richfi'd O cal ® e Sincl O Tscv A '37 o -,..m.-a-afan.-m EYSPIVES PRASINY Sinclair P L bx *42 Skelly Oil 624539 Solvay Am 53 42 So P R Sug 7841, Sou Bell T&T 5541 SW Bell T 55 A "54. StOINJ bn'46 103% 103% 105 106 106% 106% 10435 104% 1004 10044 26 26 100 100 1074 107 102% 102 109% 109% Tean Cop 63 B 44 Tenn K1 P 68 A 47.. Tex Corp ev Utd Drug cv 6 U S Rublst 6s Utah P & L 53 1027 102% Utll Pow 6%s 91% 901 40 40 0% 80 6% 76 104% 104% 109% 109% 101% 101 101 101 108 103 104% 104% Warn Quin 65 '39 West E) deb 65 '4. West Un T 6158 '36. Wil-Ov 15t 6345 '33 Wil&Co 15t 6341, WinRA 714841, You St & T ox'78. RAILROAD. Ann Arbor 43 '62... 10 87% Atchisonad) 4s'95. 2 955 Atchison gen 4895, 51 981; Atohlson cv 4755 48136 126 124 AtCLcol 4s'52. ... 94 93% AtCL4%s'64. 1021 1021 B&O4s'4s. 9T 978, B&Oev4lks'az... 91 1014 994 B&O isths’s 1085 10814 B&Oref bx'95. 104% 104% B &0 63 D 2000 105% 1047 B&O 6s'95. 110 110 B&O PEWV is 97U 961; B&OSwndv6s'50 15 105% 1055 B &0 Toledo 45 '50. 89% 89%, Ban & Aroos 4s ‘51 924 92% 1025 102 103% 103% 75 A% 79 78 101 104% 1043 94- 93y 100% 100 101 100% 106% 105% 105% 105% 106 101% 101 874 955 9815 Bkiyn Man 63 ' Bkiyn Un E 5850.. 16 Bkiyn Un 1st 65’50, 29 Can Nat et Can Nat 43 5. Can Nor 6335 dh .“‘ Can Nor s den ‘40. Can South 562, n—'»-ammb—an 895 891 5 101% lol 260,; 37, Can Pac 438 4 Can Pacific 4% Can Pacific 55°5% Cent of Ga 33 C: Cent Pacifig4s" Cent Pacifio bs - Ches Corp 58 ‘4. Ch&Ogn 4%y Ch&O4%sB" ) CB&Qgeni1y75s.. C B&Q 1st rf-587 Ch & East LIl 58 n' Ch Gr West 4 5 g'- M&StPés h M&SCP § 505 85, Ch M&STP 3;.. e Ch M&StP 434n 5. % 1084 101 e X087 0Ty, e 26,105 105 . st-,, 105 7% 87 "9, Y 46% 935 9% 91: H 46% 935, a9y, € 78 4 9 27 99x "t. 18 98% 98, 37T 91 97 7x 116 116 4105 116 105 CCCaSt Ladsn (B Cin U Ter 432020 Clev Term 55 '73 Clev Term 5% '72. Colo & Sou 434 '35, Colo Sou 4% ‘80, Con Ry 415 '51 Con Ry 433 st '] . Cuba RRrf 734s 'J6 Cuba Nor 6% 42 17 10215 1021 10 104 104 1107% 107% 4.110% 110% 1101% 10134 2 1004 100% 1 100% 100% 3 100% 100% 27 70 5 45 45 9 97% g6 1.105% 105% 2 97 97 9215 91% Dhnor:uu'n Den& RG W s DRG&WII‘I'" FErle 1st con 45 '96. , Erle 651967, Frie 631975, Erfe Gen R 68757 Erie & Jer 65 '55 Fla E Coast 5x'74. Fonda J&G 4% s '52. GrTrsfdb6s'3e j Gr Trunk 7s"40. , . Gr Nor 414576 (D) Gr Nor 434577 ® Gr Nor 5573 Gr Ner gen 7 Green Bay deb B Gulf Mobile 58 '50 Hock Val 414 "9 Hud & M adj 6357, Hud & M rf 5857, . 11 Cent 45 '53. 11l Cent ref 45 55 111 Cent 4% 5 '66 111 Cent 55 111 CCStL&N 4igs. . 111 CCStL&N 55 A Int Rap Tr b5 '66 Int Rap Tr st Int Rap Tr 6 Int Rap Tr Int & Gr Nor Int &G N ad 63 '52 Int RysC A 6372, Kan C FS&M 4536 Kan City Sou 3s '50. Kan City Sou 6550 Kan City Ter 43 '60. Lake Shore 33197 Leh Valcv 43 2003, Leh Vv 4352003 L &N unf 4540, L& N 4%s2003. NCh&StL4s18 Manh Ry 15t48°90. 5 65 561 MarketSt7a40.. 7 3 o9 1 105% 105% 10 103% lo:u. 5 91k L 9313 1 99 30 93y 1 112% 112% 2 118% 113% 14 405 40 11, 35Kk 34 1107 107 12 1125 112 6 101% 101% 11 100% 100% 3 108° 108 11 111% 111% 12 26% 25 7 99% 99y 1 108% 1031 42 831 83 14 102% 101% 22 91 91 11 94K 93y 6 1008 100% 1107 107 4 99 99 3 106% 1061 % 69 ’i 978 71'& 2 103'. um. S 95'% 9514 2 86 wew 19 93 M StP&SSM con 4s. M StP&SSM 55 '38. | M StP&SSM 5s gtd. | M StPassy 6is. . MK&ToprinésA. Mo Pac gen 48 '75. Mo Pacific 53 A * Mo Pacific bs F 77 Mo Pacific 23 102% 101% 2 101% 1013 7107 107 22 59% 59K 15 991 98% 9 104 73 86 5 96% 11 103% 103% 12 109 108% 3 107% 107 10 98% 98% ‘Il 100% 100% 80 L&N Istrf5%s. .. Nassau Elec 45 '51. & T & M 63 B '54. ent l%.flfll!. reim bs 2013. ‘ent db C& St L 4s'37 722222227 o Y b § T p ¥ NY NTC&StL 632l NY NH&H 3%s'54. NY NH&H 3338 '56. NY NH & H 45 '66. . NY NH&H db 43’57 NY NH&H 4%8'67. NY NH&H cv db 6s. 2 102% 102% 6 81 80%, 9 804 30 8 8TH 8TH 1 83 83 21 9% 97 1 121% 121% Hieh. Low. Close 101 105t 14 102% 10744 1100 1074 1031 106 108 1078 100% 48 105% 102% 97 95% 106 801 76 104% 109% 1011, 101 103 104% 87% 66% 9815 124 94 102% 97% 100 108% 1044 100% 1 93% 105% 106% 101% 118% 118% 118% 113% 1135 113% 109% 109% 109% 89% 101 99% 4 10 1087 10514 | 408 11 1 SHOWS INCREASE Advance in Pnces Last Week Reveals Resumption of Demand. BY FRANK 1. WELLER, Associated Press Parm Bditor. | Investment buying of wheat, long absent from the American market, ap- pears to have returned in a small way under improved demand for practically all grains. Domestic prices have ad- vanced 3 to 4 cents & bushel and Cana- dian prices, 6 cents. Chairman Legge of the Farm Board believes the trade has come to the conclusjon that values are about as low as it is possible for them to go and that purchasers who generally are not speculators, but who buy for an investment purpose and wait for prices to improve, are coming into the market., They may have been influenced some- what, he says, by realization that the depressing. influence of Rustian exports probably ~cannot last much _longer. Nearly 4,000,000 bushels of Russian wheat were exported last week, bring- ing the total since the first of August to about 17,000,000 bushels. Charter- ing of space for October shipment is reported by the grain trade to have been relatively large, but restrictions st the importation of Russian wheat now are being considered by sev- eral European countries. Soviet Exports Limited. Germany and France, previously standing high among Russia’s custom- ers, have limited the Soviet export field. Germany's suspension of the import certificate tem practically prohibits the exportation of German wheat, while the import duty has been raised to approximately $1.20. New German mili- ing regulations require utilization of 80 per cent of native wheat in milling mixtures, and France requires the use 1 of 90 per cent of native wheat. Except for the psychological reaction Russian exports are insignificant beside North American shipments. While Rus- sla has been exporting some 17,000,000 bushels the United States alone ha: shipped about 42,000,000 bushels, or .about 10,000,000 bushels more than for ‘the corresponding period a year mgo. The investment buyer may have been influenced further by reports that dry weather in the lower Denubian coun- tries of the Northwest has been insufficient for best working conditions as seeding gets under way. Rain is needed in wustralia to round out the new crop to be harvested there in December, and general rains would benefit the crop in Argentina. Although seeding of Winter wheat in the. United States is about half com- Rleted, 'llh early fields showing good stands in Kansas, rains are needed in certain” areas and some dam hu been done by high winds and darift- " Impetus for Buying. ‘There. has bien some impetus for in- in the fact that couns yestment buying - 46.100% 100% 1001 try -marketings of Canadian wheat have 10514 | fallen offsharply while export demand 102% has - increased. inquiry for 97% | United States wheat was still lacking, lm 72’. y good milling wheat. 87 97 865 but increased amounts are being taken feeders;, and mills are active buyers It begins to look as if farmers really are going to 1s 100% 100% 10014 | feed as much wheat as earlier indi- 9715 | cated - they might, particularly since current offerings of other feed grains are readily taken in the face of price 4412 | advances. 935;| ~Oats and barley moved out well, and anced 99% | TYe 8 96 ’::‘: Plains and in some low lands of 97% | Ohio Valley. Harvesting now 5 103 1031 1031 | progress in the Central West. 116 105 2 1004 100% 100% lozh 104 107% 110% 86% 8414 93% 93 112% 113% 40 35% 107 112 1014 " 121% has adv: with wheat. The corn market has strengthened under 984 98 2 110% 110% ug-. the influence of light offerings and a steady demand. Most of the corn crop now is safe from frost except in a few sctions in the Fast Central G!:X:: is in FOREIGN EXCHANGES. ibbs & Co.) (Quotations furnighed £x W :5!:‘“’{34"‘,"" a3 I’.andnn‘ pound , fra ari ne 2.961 26766 26.76¢ 26.864¢ Colombia has placed & tax of 6 cents allon_on_gasoline. NY NH & H elt NY O&W 1st & NY Ry 6s A ‘65 i NY W&B 434546 Nort South bs '41. Nor & Wn cv 439 Nor Pacific 35 2047. Nor Pacific 48°97.. ' Nor Pac 4182047 Nor Pac 58 D 2047.. Nor Pacr1632047. Ogden&L Ch 4s'48. Oreg-Wasn 45761 Penn cv 4%s "60 '93. PCC&StLFsA.. PCC&S:LS- . P&WV4lysB P& W V4%sC 0. Port Ry bs 42 5 Port Ry L&P 6 Por R L&P 7%8'46 Read gen 4155 A *97 Read Jer Cen 43 '51 Rio Gr W cit 45°49. St L Ir M'nt 6s°31.. StL IM R&G 48'33. StL&SFIndsA.. g Seab Al FI 63 B '35. Sou Pac col 4s Sou Pac ref Sou Pac 4%s'68... Sou P 434869 ww Sou P& Or 4%s Sou Rwy gen 4s 100% 100% 1024 100% 1001 Sou Ry M&O & Tex & Pacbs B '17 Tex & Pac bs Third Ave ref Unlon Pac 45 68 .. Un Pac rf 4s 2008, Un Pac 4%s"67. va Ry 15t 55 °6: Wabash 638 76.. . West Md 45 52 West Md 5% West Pac by West Sh 1at WilksB & T 15t 5x. W& LErf4%s'66. 2 58 97