Evening Star Newspaper, October 8, 1930, Page 13

o NEW, YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. ’ST[]I}KS WITHSTAND | FIRST TRUST | SEL[ING PRESSURE Runn-&h Rdu Courteous Trutnm\t THOS. E. JARRELL CO. ALTORS ~Prev.1930—~ Stock and Bales— High. Low. Dividend Rate. ~Add 00. High. 18% 7% ‘Crown Zellerb'ch (1) 2 8 Crucible Steel (k5).. 12 67T Note—All stocks are sold in one hundred-share lots excepting those designated by the letter s (80s) (250s) whlnh shows those stocks to be sold in odd lots only. Indivilual sales em:lbnkfl to 12: M.Ieh in 5:30 Edition. ocl Because OFFICIALS ELECTED = Delegates Hear Addresses at | Annual Convention in Cleveland. BY EDWARD C. STONE. i Woman bankers from all over the United States had a most interesting ! end helpful convention at Cleveland | last , while the American Bank- session, ac- Miss . Winfree of Comm ercial Z only woman_bank official from Wash- ington present at the two conven- tions, The Asso- ciation of Bank - Women timed all > their sessions so = that the women uld attend all the B. A. meetings. Miss Grace Stoer- mer, assistant vice ident of the of Italy of Los Anze"l&l’. :ll elected p succeeding Miss Mina assistant Mary J. Winfree. ted that she will be in Wlsh- ington next week for a short s One of the notable addresses b fore the woman’s association at Cleveland e Florence E. Allen woman State Supreme ited States. Judge l‘pflh on the “Values of Yester- speaker went back and to, who sald that “the ac- th was desirable if it denytn; of any one Ralph Beebe, * and director of the woman's depart- —ment of the Commerce Trust Co., Kan- sas manager woman's depll’tmcnt Co., Grand Rapids, address on “The Impor- Woman Trust Client”; . Rose F. McKenna, director service department, Wells k & Union Trust Co, San , spoke on “The Budget. » CAll ive woman bankers presented intensely interesting ideas. At one of the lun an auction nle took phu at whlch different. speak- “sold” checking, trust, safe deposit and other mnu of banking serv- These sales talks proved one of the most interesting features of the Inwnuon ‘The reports on what wom- in banks all cver the bus| uw:h::el.n\hemn He expressed the belief tha t would witness a year of advancing whunneecurmuonbon& ers buy have always ld~ ' h‘lpflt!llnlllb\lnn _ecnmu!nthen-n e The women were turall, hwhmutmen?'hn{innu’ nt his entire active He was president of ving bank division in vice president of the as- r. As many local plays zolr fond f sports and ich in politics. Socially, he mu a great favorite wherever he & People’s Drug Sales Improve. While the sales of some of the chain stores in the United States .have shown a considerable decrease in ‘volume compared with last year, gross less done by People’'s Drug Stores, Inc., to far this year displays just the tnveru trend. Sepumber gross sales ‘were terday as $1,315,029, with ll 250 965 in ‘September, 1929, or & of 4.29 per cent. 4 Gross sales Jor the first mine months of the present year also were reported, #the amount being $12,275,349, in com- 4parison with ein the first nine Smonths of 1929 amounting to $11,042,- With the peak in the year's retail lesgtheome People’s Drug is cer- make a better showing for the 1920. The com 's preferre e Waskingion Btock Ex- and '.hc common on the New " o Trading on D. C. Exchange. * Bond trading was unusually active on Wllhln Stock Exchange today. was in Potomac Electric er g ‘at, 109, Three $1,000 sales Washington Gas 5s took place, one ¢ 105, the others at 105%, ashington Gas 6s, series A, came but at 102%, Shiie” the aeries B gas ds sold at 106Y, and 106%;. In the stock division trading opened th Potomac Electric 5%, per cent pre- erred selling at 108%, later selling off Sales totaled 90 shares. Pifty shares of Federal-American Co. “®ommon sold at 30. The next sale in- uded 100 shares of Real Estate Mort- preferred at 6. Ten shares of oodwud & Lothrop preferred sold at Mur call 10 shares of Mergenthaler otype moved at 94} and 10 shares mh-nu‘ ‘Transfer & Storage pre- ferred registered 95. Fifteen shares of ] Traction sold at 55%, up an th m yesterday. Heard in Financial District. 1 Assoclation of Reserve City Bank- ol be held in b Y. %‘ bankers always attend the con- tion, but it has never been quite nur homn before. t year 1t was that the Advertising Bankers’ 8 Consol Texti) Dividend Rate. Abitibl Pow & Paper Abitil P&PDf (8).. 8 Adams Exp (1.60)... 16 Adams Exp pf (5)...170s 4 Addressozr'ph (1%). 2 Advance Rumley.... 1 Advance Rumley pf. « 1034 Air Reduction (14%) % Ajax Rubber. A 4 Alaska Juneau. 174 Allegheny Corp. Allek Cp ww $30 53 . 84% Alleg Cp $30 xw 53 .. Allied Ch & Dy (n6). Allied Ch & D of (7). Allis Chalmers (3) . . Alpha Port Cmt (2) Amerada Corp (2) Am Agricul Chem. ., Am Agricul Chpt. .. Am Bank Note (13). Am Bank Note pf (3) Am Beet Sugar. .. Am Bosch Magneto. Am Br Shoe (2.40).. Am Brown Bov Elec. Am Brown B E pf (7)1508 Am Can (15). Am Can pf (T) Am Car & Fdy (8)... Am Car & Fdy pf () Am Chatn (3).... % Am Chicle (13). Am Com Alcohol. e Am Encaustie (1)..e Am European Secur.. Am & For Power.... 1 Am & For Pw pf (6). Am & For Pw pf (7). Am & For Pow 24 pf. Am Hawallan (a10). Am Home Pr (4.20).. 4 Am Ice (14).. s Am Internatl (8).... Am Locomotive (4). Am Locomot pf (7)., Am Ma & Fy (11.65). AmMach & Metals. . Am Metal Co (1%).. Am Pow & Lt (31)... Am R & St San (1%) Am Rad & SSpf (7). Am Republics...... Am Roll Mill (n2)... Am Safety Razor (5) Am Seating........ ‘Am Shipbuilding (8) Am Sm & Ref (4).... Am Sm & Ref pf (6). 4 Am Sm & Ref pf (7). Am Solv & Chem .. Am Sugar Ref (5) Am Tel & Cable (5). Am Tel & Tel (9). Am Tobacco. . Am Tobacco (B).... Am Tobacco pf (6).. Am Type Fdy pf (7). 4 Am Water Wks (n1). Am Woolen pf..... Am Writ Paper ctfs. Am Writ Pap pf (4). Am Zinc pf (6) .... Anaconda Cop (2%). Anaconda W & C (1) Archer-Dan-M (2).. Archer-Dan pf (7)... Armour of Del pf (7) Armour of 111 (A)... Armour of 11l (B) Arnold Constabl Asso Appl Ind (4)... Asso Dry G (2%)... Atch To & S Fe (10). Atch To & S F pf (5). Atl Coast Line(110). At Refining (12).. At Atlas Stores (nl). Atlas Tack..,.. Auburn Auto (34). Auto Strap Saf R(3) Aviation Corp of Del Baldwin Loco (1%). Baldwin Loco pf (7). 4 Balto & Ohfo (7).... Balto & Onio pf (4).. Bamberger pf (6%). Barnsdail A (2) . Beatrice Cream (4 Beatrice Cr pf (7)... Belg Na R pt pf 5.51. Bendix Aviation (2). Best & Co(2).. .... Bethlehem Steel (6). Bethlehem St pf (7). Blaw-Knox (1%).... Bohn Alum&Br(1%) Bon Ami (A) (15)... Borden Co (k3). Brockway Mot Trk. . Bklyn-Man Tr (4)... Bklyn-Man Tr pf (6) Bklyn Onion Gas (5) Bruns-Balk-Col. . Bruns Ter & Ry 8 Bucyrus (1).... .. Bueyrus cv pf (23). Budd (EG) (1)....0 Budd Wheel (1) Bullard Co...., Bulova Watch (3).. Burns Bros (A) (8).. Burns Bros (B)..... Burr Add Mach (1).. Bush Terminal (23) Bush Term deb (7). Butte Cop & 7 (50¢). Butte Superior. Byers (A M). Calif Packing (4)... Callahan Zinc & Ld. . Calumet & Arizona. . Calumet & Hecla. ... Caniada Dry G A (5). Canadian Pacif (10). Can Pacific new..... Cannon Mills (1.60). Capital Admin (A).. Case (J 1) (6).. Caterpil Tr (+13%) Cavanaugh-Dobbs Celotex Co..... Celotex voting etfs Celotex Co pf. Cent Aguirre As1%. Cent RR of NJ (12). Cerro de Pasco (4).. Certain-teed Prod Checker Cab 4.20) . Ches & Ohio (2%) Chesapeake Corp (3) Chic & Alton ...... Chic & Alton pf. Chic Great Western. Chic Great West pf. . Chie M1l St P& Pac.. 10 Chic MiIStP&Ppf. 10 Chicago & N W (5). Chi & N W pf (T). Chie Pneu Tool. ..., Chic R1 & Pac (7). Chic RI& P pt (6).. Cht YellowCab (3)... 1008 Childs Co (2.40). Chrysler Corp (3) City Ice & F (k3.60) . City Ice & F pt mv.) City Stores (50¢).... Collins & Ak pf (7) i Colonial Beacon. .. Col Fuel & Iron (2) Colo & South (3) . Colo & Sou 1st pf (4 Col Gas & El (2).... Col Gas & Ei pt A (8) Colum Graph (a%) Columblan Carb (16) Comm Credit (2). Comm Cred 18t (634) 10- Comm Credit A (3) Comm Credit pf HlZ)lIOl Com In Tr (g1 60) .. Com In T cv pf (e6). Comm Solvents (11) Comwlth & So.(60c) . Comwlth & So pf (6) Congoleum-Nairn. .. Consol Cigars (5) .. Consol Cigar pf (7) Cons Gas N Y pf (5). Container A (1. 3% Container B Contl Baking A Contl Baking B Contl Can (2%). Contl Dia Fibre (1). Contl Motors Afld 00. High. 2 13 10% 18% 20 50% 15 111 96% Consol Gas N Y (4).. 199 101% 3 104% 19 104% 1 [ 1T% 895 841 & 213 123% 4 Gimbel Bros.. . 0. 8%, Independ O &G (2).. 4 Tnd Ray (h5% stk).. ¢ Bng Pub Sv of (5%). 4 Int Agricul pf (7 4 Intl Match pf (4).... 4 Island Cr Coal (4)... 8 Cuban-Amer Sug pf.. 308 Cudahy Packing (4), 3 Curtis Publish (17). Publish pf (7) Wright Corp Curtiss Wr Corp A.. Cutler-Ham (3%). Davison Chemical. .. Deere & Co pf (1.40). Del Lack & Wn (17). Denver & RG W pf.. Diamond Match (8). Dom Stores (11.20).. Drug Corporat (4).. Duluth S S & Atl, Dunhill Int (1) Du Pont de N (14.70) Du P de N deb pf (6) Duques Lt 1st pf (5). Fast Roll Mill (ht2). Bastman Kodak (18) Eaton Axle &8 (3).. Blec Auto Lite (6).. lectric Boat...... £l Pow & Lt (1 El Pow & Lt of (6 £ Storage Bat (5).. Emerson Brant (A). Endicott-John (5)... Endicott-John pf (T) - Commba nuRrnEannni~n wa Equit Office Bldg (3) Erie R R. i Erie RR 24 pf (4) Eureka Vao Cleaner Evans Auto Loading. Exchange Buf u%) ‘2408 Fairbanks M pf (7).. lOl Fashion Park Ass Fed Lt & Tr ($1%) Fed Lt & Trac pt (6) 608 Fed Motor Tr (80c).. fPederal Screw (3)... Fed Wat S A (€2.40). Fid Ph Fire In (2.60) Fifth Ave Bus (64c). Firestone T & R (1). Firest T& R pf (6).. First Nat Strs (23). Fisk Rubber..... Fisk Rub 1st pf ev. Follansbee Bros (2). Foster Wheeler (2).. Fox Film (A) (4)... Frank Simon pt (7). Freeport Tex (15)... Fuller 24 pf (17.40).. Gabrlel Snub (A) n Gardner Motor. Gen Am T’k Car Gen Asphalt (4) Gen Cab| Gen Cable A. Gen Clgar (4) Gen Electric Gen Elec spee (60c). Gen Foed Corp (3). Gen Gas&E] A(e30c Gen G & El pf A (T). Gen Mills (3) Gen Motors ( Gen Motors pf (5). Gen Out Adv (A) ( Gen Pub Serv (b§ Gen Refract (14%) Gen Ry Signal (5). - pO~Samamnar Gen Theatre Equip. . Glilette Saf Ras (n5) ~ LN T Glidden Co Gobel (Adolf). Gold Dust (2% Goodrich (B F) Goodyear Tire Goodrich BF pf (7). Gotham Silk Hosfery Gotham S H pf (1) BT TSI T PPN PV Grand Stlver Grand Union. Grand Union Grant (W T) (1).. Gr North of (5). Gr Nor ctf Ore (a Gr West Sug (1.40) Gr West Sug pf (7). 100s Grigsby Grunow.... 25 Guantanamo Sug pf. 10s Gulf Mobile & North. . 3 Hacken pf A (1%)... 30s Hahn Dept Stores... 27 n Dept 8 pf (834) Hall (WF) Pr Co (2) Hamfilton Watch 1.80 Helme (Geo H) Hershey Choc (5)... Hersh Choc pf (15).. Hoe (R) &Co......, Houdaille Hershey. . Household Fin pf (4) Houston Ofl (b10%) Howe Sound (t4%) Hudson Motors (3).. Hupp Motors. .... Iiinols Central (7). e Indian Motor Cyele. . Indian Refining. Ingersoll Rand (15). Inspiration Copper. . Insurance Sh (45¢).. Interboro Rap Tran. Interbor Rap T c.o.d.. Interlake Iron (1)... Int] Bus Mach (i Intl Carriers (25¢) Intl Cement (4). Int] Combustion. Int Comb Eng pf Int] Harvester (234). Int Harvester pt (7). Int] Hydro El A (e2) Intl Mer Marine (2). Intl Nick of Can (1 Int] Pap & P (A) 2. Intl Pap & Pow (B).. Intl Pap & Pow (C).. Intl Pap & P pf (7)., Int Print Ink pf (6)... 30 Intl Salt (3) Int Shoe (3). Int] Tel & Te! Inter Dept Strs «z) . Investors Equity (2) » anaSSannnBeanoantunrneians BRaRoN e E S - oe woaSen Jewel Tea (14) . Johns-Manville (3).. Jones&Laugh pf (7). 10: Jordan Motor Car. .. Kans City Sou nf (4) Kayser Julius (2%). Keith-Alb-Or pf (7). Kelly-Spring Tire. .. Kelly-Spring 8% pf. 70 Kelsey Hayes (2)... Kelvinator Corp ... 2 Kennecott Copper(2) 114 Kimberly-Clark (13) 1 Kinney (GR) of (8). 10; i Kolster Radlo. . Kresge (SS) Co 1.60. Kresge (SS) pf (7). Kreug & Toll 11.60). Krog Gr & Bak (n1). Lambert Co (8). Lee Rubber & Tire, Lehman Corp (2).... Lehn & Fink (3).. Lib Owens ¥ G1 (1)- . Lig & Myers B (15).. Lima Locomotive. ... Liquid Carbonie (4). Loose-Wiies (12.80) . Lorillard (P) Co Louisiana Ofl. LouG & E (A) %y Louls & Nash (7).... Ludlum Steel McCrory (B) (2).... 208 McCrory pt (6)..... 1108 MclIntyre Pore M (1) MoKeespt T P(1634) McKesson & Rob (1) McKes & R pf (3%). Mack Trucks (6) Macy & Co (nt3).... Madison Sq Gar (1) Magma Cogper (3).. Mallison & Co ..., Man Elev mod g (a8) Manhat Shirt (1), .. Maracaibo Ol Exp., Marine Mid (1.20).., Marlin-Rock (15%). 14 Marmon Motor Car., - no- W 120% 120% 81 G‘I 19% 19% 00 100 2% 105% 9 194% 19% 4% 4 567 100% 120&- 61 19% 100 2% " ber's lows yesterday was interpreted in Offerings Absorbed as List| Shows Tendency to Rally. Leaders Supported. BY CLAUDE A. JAGGER, Associated Press Pinancial Editor. NEW YORK, October 8.—The stock market withstood the shock of dis- couraging news from the steel industry falrly well today. Although lufl.tnfinshlran drifted low- er, several g still further into ths, offerings were light and easlly absorbed, and rallying ared during the after- noon. United States Steel dropped more than 2 points to & new 1930 low at 151%, then rallled a point. Youngs- town Sheet dropped 6 points to & new minimum, and gruclble Bethlehem and Colorado Fuel were other steels losing 2 points or more. American Telephone | dropped more than 2 points, but ‘was | supported close to 199. Shares selling | down 2 to 3 included Stone & Webster, | American Water Works, Air Reduction and Corn Products. St. Louis South- western dl'orped 5. Gillette was a soft spot, tumbling 7 points to a new low at 4 evldenuy reflecting reports that the acquisition of Autostrop would require large issuance of senior securities. The resistance offered by the list as leading shares approached last Novem- bearish quarters as indicating that further campaigns would be opposed with cash, as well as warnings about unethical tactics. Furthermore, dull- ness of trading indicated that urgent | liquidation had, for the moment, been completed., Business news, however, was distinct- 1y not of a character to induce elither investors_or speculators to bid for stocks. The Amflcln Iron and Steel Institute’s fls" on September steel rrodu n red '.hlfilowes: o‘um’n that month since 1924, and clearly indicated that the more active inquiry from consumers had been ovsrur.unlud Output was even lower than that of July, although July had been widely accepted as the low month of the year. It appeared that mills had been able to Aill much of the month’s requirement from stocks on hand. United States | Steel’s unfilled tonnage figures will be published on Friday, and may give a clearer picture of the situation. In dis- | cussions of steel demand, it must be remembered that the mere making of contracts does not definitely promise new business, for these contracts are obligations of the mills rather than the consumers, who may refrain from | specitying ¢ against them. CHICAGO DAIRY KAB.KET CHICAGO, October 8 (#).—Butter— | Receipts, 4,402 tubs: firmer on top lr;des. creamery, extras, 373; stand- extra firsts, 36a36%; firsts, 31%-33‘/2, seconds, 29230 . Eggs—Receipts, 4,284 cases; steady; prices unchanged. —_— Gas Inspection Station. NEW YORK, -October 8 (#)—The American Gas Association announced it | had decided to establish an inspection | station of its testing laboratory on the Pacific Coast. It will be located in Cali- fornia. . ‘The Wall Street Journal believes that notwithstanding the general fallin, in traffic, the Bn.mmorc & Ohio il- road probably will cover its $7 common dividend this year. The large surplus | accumulated over a series of years and oempunyl strong cash position resage no change in the dlvidend buu adopted last year. Organized 1879 .YOBN JOY EDSON, President .$5,723,083.61 Save for Prosperity! Regular savings, no matter how small, will grow into a nest egg for the future. of a Bond Associated 3. Equity 721 _10th St. N.W. THE COMMERCIAL NATIONAL BANK Let us serve you in all banking and fiduciary matters. oy g withdrawal, 5 Resources over $19,000,000 WADE H. COOPER. President 14th and G Streets QFFICES Hill Building 17th & I Streets Several single offices and suites available at most rea- sonable rentals. Avsly te Reptesentative, Moore & Hlll Inc. 730 17th St. N.W. CONFIDEITa LOANS Made Up to $300.00 On your own signature and personal security Legal interest only charged for actual time the money is used. No Fees, Fines nor Embarrassing Investigations and No Endorsers Required Maryland Personal Bankers 8405 Georgia Ave,, Silver Spring, Md. Phones: Shepherd 2854-2853 A Friendly Loan Service PLEDGED SAFETY! To prove to you that we mean safety when -we use the word we have placed our $3,800,000 resources behind our Real Estate First Mort- gages and doubly protect your investments. IF YOU NEED MONEY CONSULT US FIRST Capital Resources, $3,800,000 24 JACKSON PLACE Equitable Co-operative Bldg. Ass'n 50th YEAR COMPLETED WALTER S. PRATT, Jr., Seeretary Surplus & Profits. . Sulmnphon for the 99th Issue of Stock Being Received «...$1,755,911. l1 Let us show you how we ad- vise you to savel applied to 55 of 1968 SSOCIATED GAS AND ELECTRIC COMPANY 5% Gold Debenture Bonds, due 1968, have been analyzed in the light of these factors used by banks, insurance companles,md investment banking houses for determihing the value of utility bonds. 1. Overall Earnings 2. Prior Charge Obligations 4. Price and Yield 5. Sources of Earnings 6. Revenue per Customer . The tests established conclusively that this bond, below-average in price, is above-average in security and yield. Interest earned 2.01 times on an over- all basié after depreciation. Enjoying an active market on the New York Curb Exchange, it yields over 5%:%. e Public Utility Investing Corp. 61 Broadway, New York Please send me Circular J-583: Nav'l 0765 | Thousands of people all over the United -States are buying their homes through the Metropolitan Life Insur- ance Company Real Estate Loan Plan, we believe its many attractive fea- mre' wlu ln‘ere-‘ you. Loans for Fifteen Years Low Interest Rates Satisfactory Terms Loans Made in the District of Columbia and Nearby Maryland and Virginia WEAVER BROS REALTORS Washington Building Districs 9486 km"o;'o’ll% L%?:”Infuflm c‘ompmw \ ETRST MORTGAGES A PRACTICAL INVESTMENT ‘We have arranged it so that you can enjoy the advantages of the safé investment in our o e 6% FIRST MORTGAGES of e through purchase out-of-income. Thus you will have the sure ben- efit of this profitable and safe in- vestment—Dbe the amounts large or small. Century Without a Loss May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.W. THERE IS NO SUBSTITUTE FOR SAFETY The Shoreham Building Provides Those Features That Make for the Com- fortable Conduct of Business The designers of the Shoreham Build- ing went deeper into the details of plan and construction than is usual, with the result that it is the last word in office accommo- dation—oproviding for efficiency, but add- ing those contributory factors of cheerful surroundings, luxurious appurtenances, modern equipment—creating an agreeable environment in which to spend the busi- ness day. / That’s one of the reasons why the Shoreham Building attracts the leading representatives in every line of business and the professions. Suites of wanted size are available. Inspection upon request at the man- ager’s office, room 520, MSKEEVER&GOSS 5. Representative of the Owners SHOREHAM INVESTMENT COMPANY Office National oom 520 Fifteenth at H 5643 - ene s B 0o 354 Maranall Fleld (3%) (Continued on Page 14) i