Evening Star Newspaper, October 9, 1930, Page 15

, Electric Bond & Share Drop Followed by Citiés Service, but Ford Is Stronger. BY JOHN A. CRONE. NEW YORK, October 9 (C.P.. ‘Curb Exchange opened fairly #'weak today. The market leader, Electric Bond & Share, lost 1, at 597%. Bra- silian Traction & Light, as a result of ‘ further unfavorable news from Brazil, Rapidly sank to a new low for the year. Cities Service sold off % to 25%. Gulf Oil of Pennsylvania at 90%, a decline . ©f 32 points, was at a new minimum mark. Newmont um‘":fx mled 1% peints to 675, which e a Zew bottom level. ‘The Ford Motor shares, especially Wweak spots in late industrial movements ‘Wednesday, were a trifie firmer today. American & Forelgn Power fell 13 point to 27. Goldman Sachs opened un- changed at 1215, or its lowest level. (Copyright. 1930.) NEW YORK, October 9.—Aggregate sales of 44 chain store companies re- ing their results for September hled $216,837,487, a decrease of 6.5 per cent from $231,914,948 reported by [* the same complnlel for the llke month last year, a compilation by Merrill, Lynch & Co. shows. Sales of the col panies for the first nine months gregated $1,965,233,176, a decrease of 0.6 per cent from $1,978,413,196 for the cor- Tesponding p:nod of 1929. Ohio River Edison Co. will call for redemption on December 1 next all of its outstanding first mortgage sinking fund gold bonds, 5 per cent, series of ‘1926, at the principal amount of the ‘bonds so redeemed, plus a premium of l cent and plus accrued interest to mber 1. The company also will call for redemption January 1 all wt- standing first mortgage gold bonds, 6 per cent, series of 1023 at the vrlru.-lp-l amount plus a pnmlum of 7', per cent and accrued interest to January 1, 1931, The New York Steam Corporation has called a special meeting for October 20 to vote on a proposal to increase the authorized common stock to 500,000 shares from 30,000 and to split the nt stock eight for one, and to offer 000 new shares at $50 a share on the basis of one new share for two shares held. ‘The Chicago Great ireat Western Railroad ordered five hundred 50-ton steel box cars from the Pullman Car & Man- ufacturing Co. ‘The Dominion Steel & Coal Corpora- tion has received an order from the Canadian National Railways for 140 miles of track. The Kansas City Southern Railway has placed orders for m.ggl ';-u r;( s e ns 127-pound Tail, to cost about $335,000, ted with the Illinois, Inland and Bethlehem Steel Companies. This is around 40 miles of rail and is the usual annual replacement requirement. The Delaware & Hudson Railroad has placed an onur for 12,500 tons of 130-pound steel valued at about $525,000, with the Bethlenem Stae) Corporatien, covering 1931 requirements ‘The Paragon Mniu Co., dluoluum of which recently was voted, 2t aside $1,004,809 to retire the tll-ll “A High. 13 314 Low. Dividend Rate. 5% Acetol Prod A. 1% Aeronautic Ind war. , 33% 15 Alnsworth Mfg xm. Aluminum Co of Am, 111% 105% Alu Co of Am pf (6 232 157 109% ™ 16% ki3 891 4014 A1 19% 26 3914 10214 15% 14% 43% 4 16% /% 110 2% R 51y 4614 49% 141 % T4 157% 146 6% 21 207% 15% 44% 44% 102 ArkP&TLof (7). 95 Aluminum Co Ltd 95 Alum Ltd cum pf 16% Alum Goods (1.20). 214 Amer Austin Car. 26 Am Bakeries (A) (3) 714 Am Br B fd shars 6 Am Capital (B) 60 Am Cigar Co. 35% Am C P&L (A) (a3). 1214 Am C P&L B (10%).. 20% Am Colortype (2.40). 17% Am Com P A (b10%) 34% Am Com PB (10%).. 12 Am Cyanamid (B).. 3 Am Dept Stor 10% Am Equities 27 Am For Pow (war 7 104 Am Gas & Fl (21) 66 103 103 104 Am Gas & El pf (6) 3 106% 1065 2% Am Invest (war). 10 2% 2y 6% Am InvestTnc (B).. 25 6% 6% 50 Am Laund Mach (4).100s 52% Am Lt & Trae (2%). 29 27 Am Maize Prod (2).. 4 1% Am Marfcabo....... 14 7% Am NaturalGas.... 5 15% AmStPSA (1L60).. 1 17t% Am Superpow (1)... 551 94% Am Superpwr 1st(6) & 61k AM U & G Rvicd0c.. 80 6 Anchor PF (b10%). 1 15% Anglo Chil Nitra 7 2% Anglo-Norwee H 25¢ T Appalachian Ga 12 7% Arcturus Rad T 7% Arkansas T% Ark Nat G % Ark N G eu pf (60c). Th ... 908 107% lm K Art Matal Works (1) 5% By 4% Asso Flee Tnd (30c). L 28%. Asso Gan& Elec. ... 28 28 281 Asso GAF A (a240) 141 281 28y 2% AsSo GRE (A)dbrts 21 2% 2v A%50 G & Fl ctfs (8). 50 91% 81 Asso GREf pur r 4 “w 11% Atlantic Seeur Corp. 15 13 5% Atlas Ut Ce - 28 6% 2% Atlas Utiit 2% 1% Auto Mus Inst (A).. 1% 24% Aviation Corof Am. . a3y 36 Axton-F Tob A 3.20. 120 Babcox & Wil {"). . l!Sl 1m 121 2% Rahia Corp. ) 1% Bahia Corn nf Rell Tel df Can ( 84 Renson & Hedges. 14% Bickford's Tne (1) 16% Rliss (B W) Co (1), 6% Riue Ridge Cp (40c). 3% Blue Ridze ov nf a; 19 Rlumenthal (8) 274 Brazil Tr & Lt (h2). 215 Bridgent Mach (25¢) 241 Ruff NAREP pf (1.60). 7 RureoTne..... 2% Rurma Corp (0‘1:). Rl Rutler Bros (30¢)... 2% Bwana M Kubwa % Cable & Wi 14 Cable & Wire B reta. 3 CableRW pf rets 19¢c. 2% Canada Marcont. .. 18 Carman&Co A (2).. 261 Carnation Co (114, A% Calanese 1nt pf (7X 51008 79% Celanese Cor pt (7). 82 19% Cent Puh Sve A at 'IB 20% 95% Cent & SW Ut prin 7 sn- 101 10176 17% Cent 8t El (kd0e). .. 18% 1R prefe stock outstanding.. Sharehold- ers will receive $50 a share, plus ac- crued dividend w October 15. hflld!nl McBirney Johnnm cmcmo DAIRY mn'r CHICA( October 9 (#).—Butter, 8,165 un- Mlled prices unchanged. 2.7 , unsettled, un- Poultry—Alive, 4 cars; 36 trucks; ;ukl fowls, 4 polmdl and :g. ‘1‘;' ¥. 11; Springs, 4 a ‘under pounds, 17; No. 2, 12; roost. ers, lsfm:prlnz turkeys, 28; ducks, 14a 20; a2ty $ 3 0og 8= e + IS 2283 gEERIEE a8 Q . ; " ) == go88 Fom EE S H FE S S ss8nsirgess BENERNET T HE 33 o 238, 305 10315 10905 1% 101% 1018 | 98% 98%s 9 ‘Su:§§§§§s;’=: hw A 2022 108 23004 Grs & B 85" '35 102 28tand Gas & E 20 Unlon Guit 1 Van Sweringen s 1 Wes Penn 5s 2030 l Y2 3 Wes Tex Ut 5s A 96 10 Wiscon PAL 5s E '“ 103% l'l'a lfi’ FOREIGN BOHD! 30 Buen Air Broy 78 % Pr Bk 5! 3 3 S tg B 55 72 1X 100 © 100 39Runr G & *!Hnnn Blinnes 76 ‘a8 xw S Fe=wib warrants. ithout warrants. 4% Centrifug Pipe (60c) 6% 61 9% Chain Stores Stock. . 12% 124 16% Chat Ph Al nv (50e). % 174 15 Chief Consolidated. . % 43% CitvSavBkLid 4.19. 1 44 241 € orv (F20c) 25% RR Cities Serv nf (6)... 1% 82 Cit Sv of BB (6) 3% 50 Clev FI Nlum (1.60). s 7% Clev Tractor (1.60)., $ Cohn & Rosen Inc. .. % Colombia Syndicate. 8% 2% Colon Oil. 21 55% 24 Colnmbia Pie (r1%). 54% 31 © Col Piet vte (113).. Com Edison (8). 108 2781 279 161 2% 2y 4 1% 11% X % 2 ComsolComper-.ee 16 3% v 8 Consol Dairy Prod. . 90% Cons Gas Balt (3.60). 17 Cons Gas TTtil A 2.20, 7% Conx Gas Util B vte.. 10 Consol Laundries(1) 3% Cons Royal Ofl (50¢) 28 Cooper Bessemer (2) 38 Coover Bess pf A (3) 5% Cord Corp....... 7 9 217110 © 110 19 Ranrorre 4% Creole Petroleum 11% Crocker Wheeler. .., % Crown Cent Petrol. .. 8% CrCork Int A (1)... 16 - Cuneo Press (2%) % Curtiss Wright war. 6% Darby Petrolm n (1) 2% Dayton Afr & Eng... 60 Deere & Co (m1.20) 2% Da Forest Radin_ ... 6% DeH Alr Ltd ret 50e. 15 Deisel W Gilb (1%). 4% Derby Of] Refining. . 30 Derby Ofl & Ref pf. . “"21% Detroit Afreraft, 14 Diamond Match new. 24% Dia Match eu pf (n).. 8% Doehler Die Casting. 12% Douglas Air (75¢) g » PNBA RN AN R AT AN SRR AN NI Dresser Mfg (B) (2). Driver Harris new.. 2 Dublilier Cond & Rad. 7 Duquesne Gas Cp wi. 2% Durant Motors. .. 11 Durh Duplex prpf. 3 Duval Tex Sul wi. East Utll Assacv.... 5% Eisler Electric Corp. 58% Kl Bond & 8h (b8)...1125 59% 109% 103% EIl Bond & 8h pf (§). 9 107 98% 92% ElBond&Sheupts, 7 39'; 19 Elec Pow Asso (1)... 37 16% Elec Pow Asso A (1) T84 2815 El Pow & Lt op war.. 32% 14% Elec Sharehold (31). 8% 4% Empire Corporation. 98 86% Emp G&F cu pt ('l).. 25 15% Emp P Ber A (a 23 Europ E Ltd A ( 9 Europ Elec deb 9% % Pabrics Finishi: 5% 1% Fageol Motor. 681 41 Fajardo Sugar. 22 11% Fiatrets (1.25). 3% % Fiat Stock deb rts. 27% 12 Flintkote (A) (1%). 38'% 18% Ford Mot Can A t1% 12% 6% Ford Mot France 28¢ 23% 10% Ford Mot Ltd 37%e. 7% 2% Foundation For Shs. 2% Fox Theater Cl (A). 18 6 Franklin Mfg Co. 1 23% French Line B 16 General Aviation 2 General Baking B54% 27 Gen Baking pf (3).. 39% Gen Capital Corp. 2 10% Gen E Ltd ret (50e). 78 97% 67% Gen G&E cv pf B (6) 1508 10% 24 Gen Laundry Mach 103% 98% Georgia Pow pf (6) 121's 76 Glen Alden Coal (8 16% 9 Globe Underwriter: % % Gold Coin (new). 7 % Golden Center. -y 46% 12% Goldman Sach TC .. 166 12% 12% 6 1% GoldSealElecnew.. 1 1% 1% ¢ % Goth Knitback Mch. 3 % 1 26% 13 Gramaphrets (20e). 2 11% 11% 44 28 Graymurcorp...... 2 2T 2% 260 180 GrA&PTn-v (). 40s 195 198 115% Gr A & PT pf (7) 108 119% 119% 81 GriexStores (1). 8 B4 b 8% GrocStralrodvite. 1 8% 8% 284 Guard Fire Adso (8). 1 23 93% Gulf Ollof Fa (14). 13 7 Hall Lamp (69 . 1 79% Hartf E1 Lt t l,‘ 208 16' Hazeltine Corp (2). b Hecla Mining (1) 3 24's Hires (CE) (A) (2).. 1 35 Horn & Hard (2%).. 1 12% Houston Ofl of Tex.. 17 1«- B% Hudson uy M&S.. 10 12 3% 7 179% 179% Bales— ~Prev. 1 Add 00. Oven. High. Low. Close. | High. Low. 45 76 76 "7 6 87 el Hydro Ele¢ Sec (2).. Hygrade Food Prod.. Imp O1l of Can (50¢) Imp Oil.Can reg(50c) Ind Pipe Linen (3).. Ind Ter Illu Ofl (A) Ind Ter Illu Ofl (B).. Ind Fin ctfs (b10%). Insull Ut (1b10% %). InsCo N Am (13). Insurance Sec (1. In oast Trade (1) Intercontinent Pet n. Intercont Pow A (2). Intl Cigar Mach (13) Int Holding & Inv Co Intl Hydro El A war. Int Petroleum (1 4 Internat Product, Internat Super (£1).. Int Util war (new). ., 3 4 Int Utilities A (335). Internat Util (B).... Interstate Equities. . Interst Eq cv pf (3).. Irving Air Chute (1), Italian Superp (A).. Italian Superp war.. Johnson Motor. Klein H pt pf (j1.20) Koppers G&C pf (6). Lackawanna Sec (4). Lakey Foundry..... Land Co of Floris Letcourt Real t1.! 4 Loew's Inc vur) ll!‘q lo’lh 1% 1oz 96'% 24% 12% 104 6% 3% 90 22% 2% 16% Lone Star Gasn (1) Long Isld Lt (55c).. Long Isl Lt pf (1)...140- Louisiana Lan & Bx. LaP&LPL(6)....u MacMarr Stores (1). Mass Util Asso. % Mavis Bottling. Met & Min Ine (1. Mid St Pet vte A Mid St . Mid West Ut (b8%). Mid West Ut B (w.1.) Mid W Utcv pf xw 6. Midld Nat Gas A 1.20 Mid St Pr 2d pf. Midvale Co (4)..c0ee Miller & Sons (2). 4 Miss Riv Fuel bd rts 6 % 108% 104 2% 2% 7 12% 6 21% 5% 51% Mo KanPL (b10%). Mo Kan P L vte. Moh H P 1st pf ( Montecatini deb rt: Mount Prod (1.60) Nat American Co. Nat B & Sh cp 50c. Nat Container pf (). Nat Fam St b2% %. . Nat Fuel Gas (1) Nat Investor: Nat Pub Sv A (1. NatPScvpf ww 3%, t Rubber Mach (1) Nat Screen Sv (2)... Natl S T See A £50c.. Nat Sugar N J (2). Nat Transit (1). New Brad OI1 (50¢).. New Eng Pow (2). % New Eng Pow pf (8). N J Zine (12%). . New Mex&Ariz Land wmont Min (£4).. Newport Co (2). N Y Hamburg (2 N Y Rio & Bu Alr: N Y Tel pf (614) N Y Transit (+1.80). hug-sua Pow (40c) 27 Niag-Hud Pow A w. Niagara Sh, Md(40¢) Niles-Bem-Pnd 12% . Noma Et Corp (80c). Noranda Mines (2).. Nordon Mines (2)... No Am Aviat A war.. No Am Cement. .. Nor & 80 Am Corp R Nor Ind Pwr Sve(6). Nor St Pow A (8). Nor St Pow pf (7 Novadel Agene 13%. Ohlo B Tel cu pt (7). Ohio Copper........ ©Ohio Oil n cu pt(6).. 4 Oilstocks Ltd A 50c.. 29% 26% 105 101 Okla Nat G pf (6% ). Orange Crush (1.50). Outboard Mot (A)... Pac G&E 1st pf (1%) Parke Davis nua). Pennroad Cp (20c). Penn GRs&El (al%) Penn Wat & Pow (3) Peop L& P A a2.40.. Pepperell Mfg (8)... Petiol Corp war. ..., Pitney B P n (20¢).. Pitts & L E (110). Plymouth Oll (2). Power Securities pf Prent Hallcv (3). Prince & Whit (26¢). Prince & Whit pf (3) Prod Royalty (f1).. ©rosperity B (NI) 8. Prudential Invest. .. Pub Ut Hold (50¢c) Public Util Hold war Pub Util Hold x.w. Puget SP&LUPI(S) 1 Pure Ofl pf (6). i Pyrene Mfg (80c) % Radio Products (2)., # K 8h Corp (25¢) Reeves (Dan'l) (1%) Reiter-Foster. .. Reliable St (b6%). .. Reliance Int (A).... Reliance Manag Repett: Cand; Reybarn Co. {teynolds Invest Rike Kumbler (2.20). Rock Lt & P (30¢). .. Itossia Int Corp..... Royal Type (13%). Royalty Cp pf(1.20) Rubberold Co (4). Safeway Sors war 24 30s St Regis Paper (1).. Salt Creek Prod (2). 4 Saxet CO....... Schulte Un be-$1 St. Sec Corp Gen (40c).. Seg Lock & H (50c) . Selected Industries. Sel Ind all ctfs(4%). Sentry Safety Cont.. attuck Den Min Sheaffer I’en (13).... 1 Shenandoah Corp... 22 Shenandoah Cp (a3). 17 4 Silica Gel ctfs 3 17 % 13 M ] o o 4o 40% 26% 108% 64 122 116% 1031 108% 80% 80 Y% 37% Sing Mfg Ltd (33¢).. 3 Smith (A 0) (2).... b0s South Am Air Lines. 2 So Am Gold & Plat. . Sou Penn Ofl ¢ Southern Corp. SouthldRoyalty (60c) 34 SW Dairy Products. 2 .. 18 Stand Ofl Ind (2%). 140 Stand Oll Ky, (11.80) 39 Stand Oll Chio (2% ).100s Stand O Ohlo pf (7). 1608 Stand Oil of Ohio(5). 2 Stand Pow & Lt (2). Stand P& L B (2)... Stand Silver Lead. .. Starrett Corp. . Starrett Corp pf (3). Stein Cosmetlcs. , Stinnes (Hugo) . Stutz Motor Car. 4 Sun Invpf (3).. % Sunray Oil (40c).... Swift & Co new (2)., Swift Intl (13%). Swiss-Am El pf (6). . Syracuse Wash Ma B art Corp (1)... n Electric (32). T Teck Hughes (80c). 4% 5% 2% Thatcher Sec Corp..: v. 1030.~ Stock and Dividend Rate. Thermoid Co pf (7). 100! ‘Tran Con Air Tran. Trans Lux DL P ‘Tri-Cont Corp (war). Truns Pork 8 (1.60) ‘Tubize Chatel (B)..u ‘Tung Sol Lamp (1).. Twin 8t NG A pt (1), Ungerleider F Corp.. Un NG ofCan 11.60. Un Ofl Asso (3$2)...a Utd Car Fast (60¢).. Utd Chem pf (3). » B 0 PN - FTT e Utd Lt & Pow f (6). Utd Milk Product: Utd Milk Prod pf.... Utd Ret Ch pf (3%).. U S Dairy (A) (5)... U 8 Dairy (B). 8% U S Elec Pow ww. U 8 Foll (B) (1). 36% U S Gypsum (1.60).. Addn.oun.m-h. Low. Close. ma. gev. 64 L 69 2 ~Prev. 1930.~ Vacuum Ofl (4) Venezugla Petrol. Vie Fi ‘Walgreen Co. . ‘Walgreen Co (war)., ‘Walker (H) (1).. ‘Walker Min (7%¢). ‘West Mass Co (2% ). | White Eag O dbrts. . Wil-Low Cafeteria. . liams R C (1 21 Winter (Benj)... % Yukon Gold. 8% Zonite Produ % yDividend rates in dollars based on last quarterly or semi-annual e !x‘dlvldua. fPartly extra. SFins A 4 eash or stock. §% in atock. 3% o sock. E Plua Stock and Sales Dividend Rate. n Cor (40¢). !}—2 anf vnan IR stock. Pay: o0t dividend: stock. u stock. o "|COTTON IS STEADY ON HIGHER START Buying Influenced by Standard Cloth Statistics and Favorable Cable Reports. By the Associated Press. NEW YORK, October 9.—Cotton opened today at an advance of 7 to 12 points on buying which appeared to be infiuenced by the standard cloth sta- tistics for September, relatively steady Liverpool cables and the possibility that constructive developments might grow out of the meeting of the cotton trade called for on Monday in New Orleans to discuss measures for stabllizing the market. ‘There was very little Southern sell- ing, but the advance met some realiz- ing around 10.44 for the new December and 10,74 for March. This checked the Ilpturn. but prices held steady and within a point or two o fthe best at the end of the first half hour. The standard cloth statistics for September showed a decrease of 11.4 per cent in stocks of cotton cloths on hand and an increase of 26.1 per cent in unfilled orders. Liverpool cables reported continental buying in that market, but said that business in cotton goods was slow in developing as buyings were cautious. o s s FOREIGN EXCHANGE. (Quotations furnighed by W. B. Hibbs & Co.) minal gGld Selling checks Budapest. Zurich, Warsaw, 210t 3 Gopenbagen; ¢ erown Shocknoim, " crow STOCKS EX-DIVIDEND NEW YORK, October 9 (#).—Stocks ex-dividend today: Pe- Pay- Company. Rate. riod. abie. Babeock & Wilcox Co, Ltd, am dep rec for ord reg....7% .. Oct. 30 Bangor Hydro-Elec . Nov. Conyol Ice Co Oct. e Charter No. 10504. REPORT OF cog.mmox Franklin National Bank Of Washington, in the District of Columbia, at the close of business on September 24, 1930. . Loans and discounts .. . Overdrafts secured, $2,708.80; . United States Government securities owned . . Other bonds, stocks and securities owned . . Banking house, $309,276.62; furniture and fixtures, $d, 606.02 . Real estate ownéd other than banking house . Reserve with Federal Reserve Bank . . Cash and due from banks . Outside checks and other cash items . . . Redemption fund with U. §. Treasurer and due from U, S. Treasurer . Other assets . Total . LIABILITIES, . Capital stock paid in . . Surplus ” Undlvlded profits—net . . Reserves for dividends, connngencle! etc . Reserves for interest, taxes and other expenses accrued and unpaid . Circulating notes outstanding . Due to banks, including certified and cashiers’ checks outstanding . Demand deposits . Time deposits . . Other liabilities . District of Columbia, ss.: I, , SAMUEL M. THRIFT, cashier of the above-named bank, do solemnly swear that the above statement is true to the br‘ssl,Aol my knowledge and belief. (Seal.) Correet—Attest: INVESTMENT BUILDING building sable rates 1001 Fifteenth St. ESTABLISHED 1889 | the same dividends. Subscribed and sworn to before me this 3rd day of October, 1930. JO! —has its own garage in the —is open on all four sides —has six high-speed elevators —occupies a prominent downe« town corner —offers a setting of dignity and convenience that should prove an asset to your business A 4 Severallarge, light, efficiently planned rooms — also suites— are available at very reason- H.L. Rust Company SUGAR MARKET. NEW YORK, October 9 (#).—There was a further advance in raw sugar today, although the demand was less active, with oDel'lwr.s the only buyers. Prices were gelnu higher with sales confirmed of 25,000 bags of Cuban for October shipment at 3.25 and 60,000 bags for second half October at 3.26, both to operators, Raw futures opened unchanged to 5 points higher and continued to ad- vance until net gains of 10 to 11 points were recorded. This upturn was due to active covering and buying by houses with trade and Cuban connections, pro- moted by reports from Cuba that Presi- dent Machado had given his enthusi- astic personal support to the proposed plans for international co-operation for the stabilization of sugar and that he would do what he could to have the necessary legislation passed in Congress. These plans call for the segregation of 1,500,000 tons of Cuban sugar to be of in an orderly manner over a period not to exceed five years. Of- ferings were comparatively light, but at the extreme advance which carried prices up to 1.31 for December, or 31 points above the recent low level, they seemed to increase a little and set- backs of 3 to 4 points followed with the list at midday net 7 to 8 points higher. With the price of refined sugar to be advanced from the present level of 4.35 today to 4.45 at the opening tomorrow, buyers of refined sugar were placing orders more freely, probably promoted by the continued steadiness of raws and a much better business was re- ported. PROFITS SHOW DECLINE Union O0il of California Reports Net of $1.84 Per Share. SAN FRANCISCO, October 9 (P).— Net profit of $8,000,000 for the first nine months of 1930 was reported by Union Oil Co. of California today. This is equivalent to $1.84 per share on the 4,345,120 shares outstanding. Net profit for the coruspondin‘ period last year was $12,000,000, or $2.94 per share, and in the 1928 perlod it was $8,550,000, or $2.25. uarterly cash dividend of 50 cents per share, together with a 1 per cent stock dividend, was declared, payable November 10 to stock of record Octo- ber 18. Union Oil associates declared BANK CLEARINGS. New York Bank T008Y- A YearAgo. . $1,090,000,000 $1.729,000.000 159,000,000 261,000,000 144,000,000 107.000.000 Reserve District No. 5. .83, 27g ,134.. 5l \ 500,766. 10 700,196.07 353,882.64 23,483.19 350,639.28 « 588,356 34 10,838.01 11,250.00 | 175.08 tesesersacaeas..$5,831,402,00 5225 000.00 294,815.94 1,611,976.61 3,149.607.74 4,522.00 MUEL M. THRIFT, Cashier. HN H. SHREVE, Notary Public. JOHN B. COCHRAN, THOS. P. HICKMAN, R. E. DUVALL, Directors. NAtional 8100 GRAIN IS STEADIED AFTER EARLY DROP Downturn Comes Suddenly on News of Weakness in U. 8. Steel on New York Board. By the Associated Press. CHICAGO, October 9.—Grain values underwent sudden setbacks from an early advance today, but soon steadied. The downturns followed announcements | that incident to stock market weakness United States Steel shares had dropped to new low record quotations for the year. On the other hand cold weather in Argentina, unfavorable for crop prog- ress, together with unlooked for upturns in wheat prices at Liverpool, had con- siderable tendency to lift the wheat market here. Opening %-cent off to 7s-cent up, Chicago wheat future deliveries fluc- tuated afterward at around yesterday's finish, Corn started unchanged to %- cent hl.her, reacted sharply, and then recovered. Keeping a sharp eye on the securities market, wheat traders today found themselves ¢ompelled also to maintain alert watch of factors associated more directly with grain and indicative that cereals were down to a level where selling promised little profit. A let-up in domestic. and Canadian receipts of wheat attracted special notice in this connection and so, too, did reports of steady demand for flour. Under such circumstances, offerings of wheat future deljveries lacked volume, and scattered commission house buying led to frequent small rallies in prices. Confirmation of large Russian ments of wheat to other countries, 352,000 bushels for the week, u:ted however, as something of a bearish in- fluence at times. In contrast was the fact that primary arrivals of domestic #e% A_15 GAINS ARE SHOWN IN MANY NATIONS Reports to Department of Commerce Indicate Trend in Europe Is Better. By the Associated Press. Foreign representatives of the Com- merce Department in cable and radio reports compiled this week have re ported “a trend toward economic im- provement in many countries of Europe and the Far East and unchanged con- ditions in South America.” A special summary of their opinions ‘was prepared today and officially made Wbuc. The reports attributed “steady, slow mrul" to the Irish Free State, a showing of “somewhat greater opti- mism” in Italian business circles, an in- crease in railroad traffic in Czecho- slovakia and a surplus in the current Norwegian government tax receipts de- clared to reflect “improved economic conditions.” South African mercan- tile exchange was said to indicate bet- ter sentiment. In the reverse side of the picture was a statement that “no amerioration has occurred in British trade conditions” in Egypt commercial conditions were said to denote “increasing difficulties,” and satisfactory erop returns in Turkey under low prevailing prices had failed h’ “lmprove general economic condi- ons. Textile operations in Japan are in- creasing slightly “in respone to better conditions in China,” and “the situa- tion in North China and Manchuria is also stronger.” In nnmh India and the East Indies the tenor of reports registered trade declines, while in the South American territory better agricultural were noted from Argentina, but “no business lmvrovement in Brazil" LISTED ON EXGKAHGE NEW YORK, October 9 Ufl —The following securities have _been listed by the New Stock Exchange: Lane Bryant, Inc., 134 953 shares of common stock without nominal or par shares of cumulative pre! stock without par value. Terminal Railroad Association of St. Louls, $3,500,000 additional general mortgage refunding 4 per cent si xund 8old bonds, due January 1. 1953, F. Goodrich Co., $30,000,000 ls-mr ‘6 per cent convertible gold debentures, due June 1, 1945. The following are to be admitted on notice of issuance: Crown Cork & Seal Co., Inc., 60,000 additional shares of common -capital stock without par value. American Colortype Co., 182,000 shares of common stock without nom- inal or par value. International Hydro-electric System, 16,102 additional shares of class A stock without nominal or par nlue Continental Can 000 ad- ditional shares of somyion siook “without nominal or par value, Beatrice Creamery Co. 3,740 addi- tional shares of 7 per cent cumulative preferred stock ($100 par value). wheat today totaled less than either | Houston Oll Co. of Texas, last week or a year ago. Meanwhile | trust certificates for 1,100,000 torrential rains were reported in France, | Of common stock (325 par value). :a wenmu mnbly low tempera- BB N A 1 g ures ent Oats followed | Martin H. Crego has been a ted wheat and corn. manager of sales of Phelps, Sales Provisions were easy, responsive to Co., Inc., to succeed Charles A. Austin, hog market declines. Who has resigned because of illness. voting shares The Growing Popularity of PRODUCING ROYALTY INTERESTS will MAKE a Sales Manager in this District to take charge of our Local Office HE man must be of the highest standing; knowing and known by investors of his community. Producing royalty interests such as this house handles, from origination to retail, are right in every investment respect. Integrity, honor and productiveness must be as outstanding in the Sales Manager as in the producing royalty interests we offer, which, in themselves, have a unique record of accom- plishment for investors. Ifyou feel qualified to manage this District Office, backed by the fullest cooperation and our long experience which result in actual sales, feel free to write in fullest detail. All commun- ications will be held in strictest confidence. Address: Mr. James R. P. Nason ALBERT FRANK & CO., Advertising 165 Broadway s New York City National Metropolitan Bank 15th St., Opposite U. S. Treasury 1814—Oldest National Bank in the District of Columbia—1930 AFTER YOU HAVE GONE Not only is The Metropolitan equip- ped to offer you every financial service now, but we will continue to “carry on,” through our Trust Dept., after you have passed away. fHave you made vour Will and ap- pointed a competent Executor. or Trustee? - 3% on Savings PROPERTY MANAGEMENT Apartment MANAGEMENT W ITH an experience of more than a third of a century in the management of apart- ment house properties we have surrounded ourselves with an organization that insures effi- cient service—rendered to the satisfaction and profit of owners. 'B. F. SAUL CO:. 925 15¢th St. N.W. Nat’l 2100 M ORTGAGE: LOANS