Evening Star Newspaper, October 11, 1930, Page 14

4 THE EVENING STAR, WASHINGTON, D. C. SATURDAY, OCTOBER 11, 1930. FINANCIAEL. NEW YORK STOCK EXCHANGE | (BONDSAREWEAK | Coxrer wone BONDS oce scunca] |EXPECT REDUCTION INQUIET MARKET| IN CATTLE SUPPLY UNITED STATES. I Lib3Yys. Agriculture Department Says SELLING OF STOCKS 1S LAID TO FEAR Rumors of Failure Add to Stock and Dividend Rate. Sou P Ric Sug (1.40). Southern Cal Ed (2). Southern Pacific (6). Southern Rwy (8)... Spang-Chalfant... Sales— Add 00. High. 3 13% 13 51 (Continued From Page 13). ~Prev.1930— Stock and High. Low. Dividend Rate, 34" 16% Motor Wheel (3) 531 84 Munsingwear (t4) 25% 11% Murray (B)(2% stk) 581 29% Nash Motors (4) High. lLow. Close g 101% 101 101% y 101 100% 100% 95 951, 95% 991, 991 104% 104% 1051 1081 1041 104% Sincl Cr O 5%s'38. Sinclair P L. Skelly Ofl 634839 Solvay Am b8 Sou Bell T&T SW Bell T StOlI N J 684 38 1016 1016 1016 4 10211 10211 102 11 44 10313 10311 10312 FOREIGN. (Sales are in $1,000.) \24 06, Migh. Low. I Sales. High Low. Add 00. . Low. Close 5 17 16% 16% Lib 1st 4 Lib 4th 4%s List Recedes Slightly as Uncertainty in Wall Street. BY JOHN F. SINCLAIR., @pecial Dispatch to The Star. NEW YORK, October 11.—Fear ruled the stock market for the greater part of yesterday. Rumors flew thick and fast in the Wall Street district. Various companies were reported to be in trouble, and these reports added to the confusion. Fear is a terrible thing. Most of the troubles of the world spring from it. If the business world could eliminate the element of fear, the problem of or- anlzing for prosperity relatively would simple. Late in the afternoon a better feel- ing in the market prevailed and United States Steel—the leader—closed at 149'%, 3 points above the opening. Gen- eral Electric closed at 587%, an increase of 3% points over Thursday’s closing. Paramount went up a point and three- quarters to 49%, while American Can closed at 11812, a rise of 4 points dur- ing the day. Violent Swings. However, this does not tell the story of the violent ups and downs in certain stocks. Take Fox Film, for example. It opened at 38, dropped to 29 plus, and then shot back to 37—a down and up spread of 17 points. Still few traders were nimble enough to get in and out. Selling throughout the day was order- ly and very heavy, with over 6,200,000 shares traded in—the record day for the year. In contrast to the weak closing on Thursday, sterday’s closing was strong and v 0us. ‘The amount of stock offered, how- aver, was very large. It indicates that there is still plenty for sale, although the way the various issues were ab- sorbed will have a tendency to breed confidence in future trading. ‘When nasty rumors die down and the nervous tension which exists at the sent time is relieved the profits now g made by the nimble traders on the quick, fast turns will likewise die eway. However, a vast majority of traders during recent weeks are “in the red.” ‘Warehouse Rebates. For years it has been the practice of various railroads to give certain warehouses a rebate on business brought to them. Several independent warehouse own- ers in Philadelphia—"outside the fold" —petitioned the Interstate Commerce Commission for an order prohibiting railroads from giving such rebates to their competitors. The commission in- vestigated and made a ruling which forbade the payment of “special al- lowances” by the Pennsylvania, the Reading and the Baltimore & Ohio glflmds to 24 warehouses in that ity. ‘The case was appealed by the 24 ‘warehouses and these were backed up by the Bsard of Trade, the Grocers and Importers’ Exchange and the As- sociation of Manufacturers of Phila- delphia. It was_contended that if the order of the Interstate Commerce Commission was approved it would up- set practices which had been built up !orsn;urfm 'fig’? 14!0 years. v - ut uffington, ng the opinion of the Federal Circuit Court, termed the allowances of the rebates “strictly illegal” and declared if there were serious business disturbances caused thereby the affected warehouse- men should seek relief, not from the Federal Court, but from Congress. One of the basic troubles with the railroads today is their fixed rate schedules, which have been built up through years of practice. Changing such rate structures-+admi closest study by the Interstate Com- merce Commission. Yet undoubtedly hundreds of unjust freight rate sched- ules exist. But how to change them without affecting other communities is a prob- Jem no man so far has dared to tackle. Dr. Woods” Address. Only a man of eo\lrlg! and vision wuldysny what ‘Dr. A. F. Woods, di- rector of scientific research of the TUnited States Department of Agricul- ture, told the New Jersey agricul- turalists at Rutgers University the other e paid tribute to the agricultural experiment,_stations, because they had gradually changed the whole aspect of agriculture “from a haphazard rule of thumb work for peasants to a dignified, imcresungl and successful enterprise Teady to hold its own and render effi- clent service to cb soclety.” Now farming, some time in the fu- 110% 103 324 128% 1 174 106': 100 17 265 1 1 57 105'% 100% North Am Ea pf (6). 128 107% 178 325 216 1643 122 248 110 103 71 1421 Nat Biscuit pf (7)... 831 32 Nat Cash Reg A (14) 40% Nat Dairy (32).. 81% Nat Dept St 1st (7). . tDist Products(2) 17% Nat Enam & Stamp. . 18914 1161 Nat Lead (18)... 11912 116 Nat Lead pf (B) (6). 301 Nat Pow & Lt (1).... % Nat Ry Mex 2d pf. 481 Nat Steel (2) 86 Nat Supply (5) 1061 Nat Supply pf (7). 26 Newton Steel 192% 139 N ¥ Central ( 144 89% NYChi&StL NYCh&StLpt 174% N Y & Harlem (5). 15% N Y Invest (1.20).... 93'% N Y N H & Hart (6)., 514 116 NYNH&Hbpf (7)., 6 N YOnt& Western N Y Steam p£(6).... 110 N Y Steam 1st pf (7) 61 Norfolk & Southern.. 2121 Norf & Western (10) 6 rth Am Aviation. . r Am (b10%stk). . North Amer pf (3)... 32 334 814 51 " 881 85ls Northern Central (4) 564 Northern Pacific (5). 22 Ohlo Ol Co (2) 91 Ol Well Supply 5% Oliver Farm Equip. . 8 Oliver Farm Jiq cv pt 2% Omnibus Corp....... 2913 Oppenhelm Col (3). 63 Orpheum Cir pt (8) 55 OtisElevn (2%) 1184 Otis Elev pf (6) 4 167 Otis Steel (234) .. 607 38% Owens 11l Glass (3).. 74% 48% Pacific Gas & El (2).. 64 Pacific Lighting (3). 129 Pacific Tel & Tel (7). 23% 9 1% Packard Motor (1).. 6713 47% Pan-Am Petrol (B) 12% 3% Panhandle P & R. 77% 46% Param'nt Publix (4), 85% 10 Park & Tilford. 4% 1% Park Utah... 26% 4% Parmelee Tran (60c) 9 2% Pathe Exchange....; 19% 5 Pathe Exchange (A). 55% 23% Penick & Ford (1). 80 47% Penney (J C) (3) 86% 647 Penna RR (4). People's Gas Ch Pere Marquette (18). 274 125% Petrol Corp (1%) 44% 27 Phelps Dodge (3) 170 Phila Company (17). 11% Phila Read C&1I.... 84 Philip Morris&Co (1) 21 Phillips Petrol (n2).. % Plerce Oil.. 174 Pierce Ofl pf. 214 Plerce Petroleum 27 Pillsbury Flour (2) 38 Pirelll Italy (a3.14).. 72 Pittsburgh Coal pf... 19 Pittston Co (75¢).... 19% Poor & Co (B) (2). 15% PR Am Tob A (3%), 4 PRAmTob (B).... 70 Postal Tel & C pf (7) 21 Prairie Oll & Gas (2) 27% Prairie Pipe L (15).. 4% Pressed Steel Car, .. 52% Proct & Gamb (2.40). 4% Prod & Refiners 811 PubSv N J (3.40) 91% Pub Sv N J pf (5) 1061 Pub Sv N J pt (6) 107% Pub SvE & G pf (6, 55% Pullman Corp (4)... 1 Punta AlegreSugar. 16% Pure Oil (1%).....0 52 Purity Bakerl 21% Radio Corp. . 48% Radio pf A (3%). 54% Radio Corp (B) (5) 17% Radio-Keith-Orph A. 19% Raybestos Man 2.60. 34% Real Silk (5)... 18 Rem Rand (1.60).. 20 Republic Steel oo 68% " Republic Steel pf (6) 10 Revere Copper & Br., 14 Reynolds Metals (2). 4614 83y 56 997 80% 25% 15% 44% 37% 507% 227% 34% 30% 274 54 €0 7% Richfield Oil. 8% Rio Grande Oil. . 33 Ritter Dent Mf (13).. 21 Rossia Insur (2.20).. 43% Royal Dutch a3.2165. 122% \ 57% Safeway Stores (5).. 7 57% 31 StJoseph Lead (13).. 644 St L-San Fran (8)... 871 St L-San Fran pf (6). 16 Savage Arms (2) 4% Schulte Retail Strs. 1% Seaboard Air Line. 52% Sears Roebuck $2% 4% Second Natl Inv. 4% Servel Inc 10% Shell Union O11. 8% Shubert Theate; 15 Dividend cash payments Sparks Withing (1) Spicer Mfg... Stand Brands Stand G & B (3%). Stand G & E pf (4).. Stand G & E1 pt (6).. Stand G & EL pf (7).. Stand Invest Corp. ., Stand O of Cal (234) . Stand Oil of Kan (2), Stand Oil of NJ (12) Stand OIL N Y (1.60). Sterling See (A). Sterl Sec pf (1.20). Sterl Sec cv pf (3)... Stewart-Warner (2). Stone & Webster (4). Studebaker Corp (3). Sun Oll (11).. Sun 01l pt (6) Superheater (13%) Superior O1l. Superior Ste Telautograph (11.40) Tenn Cop & Ch (1). Texas Corp (3)..., Tex Gulf Sulph (4). Texas P C & Oll. . Texas Pac Land Tr. 7 Thermoid Co. .. % Third Nat inv (2) Thompson (J R) (3)a Thompson Pr Thompson Sta; Tnomp-Star pt (3% ) Tide Water As (6uc) Timken Det Ax (80c) Timken Roller (3)... Tobacco Products. ... ‘ob Prod (A) (80c) ransamerica (1) ari-Cont Corp pf (6). Truax Traer (1.60).., Truscon Stl (g1.20).. Twin City R Tr (§4) .. Und-Ell-Fischer (8). Union Bag & Paper. . Union Carbide (2.60) Union Oil of Cal (32) Union Pacific (10)... Union Pacific pt (4) Un Tank Car (1.60). Utd Adreraft........ Utd Alrcratt pf (3). Utd Biscuit (1.60) Utd Carbon (2). Utd Corp (50¢). Utd Corp pt (3). Utd Electric Coal, Utd Fruit (4). Utd Gas & Im (1.20).. 1 Utd Piece Dye W (2) Utd Stores (A). Utd Stores pt (2% U S Distributing. U 8 & For Secur. . U S & For Sec pt (6) U S Freight (3 U S Hoftman (2).... S ind Alcohol (17) Leather.... Leather (A)... Pipe & F (2). Realty (5) Rubber. Ruvper 1st pt Smelt & Ref (1).. U S Smelt Ref pf 3% U S Steel (7)... U S Steel pt (7). U S Tobacco (4), .. Univ Leaf T pt (8).. Univ Pipe & Rad.... Util Pow & Lt A (e2) Vadasco Sales Corp. . Vanadium Stl (14) Va-Car Chem. ceaccccee s s s s s s s Vulean Det (4)...... 508 Waldorf Systm (1%) 4 Walworth Co (2). 2 Ward Baking (A) Ward Baking (B) Warner Bros Pict. War Br P pf (2.20).. Warner Quinlan. Warren Bros (3). War Bros cv pf (3 Wess Oil & Snow (2), v & Sn pf (4).. Forced Liquidation Is Re- sumed After Break. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, October 11.—There was a measure of recovery all through the bond list in today’s trading; but, as is traditionally the case after a wide de- cline, there were so many inactive is- sues brought out and marked down to correspond with the drops of the week that the advances were offset in large measure. Forced liquidation had virtually ceased to be a serious factor, as was evidenced at the opening, when there was some investment buying in issues that had been depressed to artificially low prices. Money rates were un- changed. Volume was off from that of Friday. Initial transactions revealed that while some South Americans were still inclined to weakness, others had small recoveries. These were added to as the session went on. There were gains of a point or more in Rio Grandé Do Sul 6s, Argentine 6s, Chile 6s, Bolivia 8s, Rio de Janeiro 8s, Brazil 6l,s, Brazil 8s, Sao Paulo 6s, Colombia 6s, Peru 6s and Antioqua 7s. However, a few be- lated block of bonds, sold at the mar- ket, forced down the prices of Chile 7s, Rio Grande Do Sul 7s, Bolivia 8s, Bra- :fl (cl;:;l;ll Railway 7s and Sao Paulo s B Wfishington Produce Butter—One-pound prints, tub, 43a44. 38a40; Eggs—Hennery, ceipts, 28. Poultry, alive—Turkeys, young, 35a36; old, 28a30; Spring chickens, large, 278 28; small, 25a26; Leghorns, 24a25; fowls, large, 24a25; Leghorn fowls, 15al6; roosters, 14al15; ducks, 15; keats, large, 50a60; small, 25a30. Dressed—Turkeys, young, 38a40; old, 33a35; Spring chick- ens, large, 33a35; medium, 32a33; small, 28a30; Leghorns, 28; fowls, large, 28a30; medium and small, 26a27; Leghorn fowls, 24a26; ducks, 23a25; roosters, 19a20. Live stock—Calves, 12; lambs, 8. Fruits—Cantaloupes, 1.25a1.50; hon- eydews, 1.50a2.00; Persian melons, 1.50 a2.00; apples, bushel baskets, 50a1.50 box stock, 2.25a3.50; peaches, 2.25a2.50; pears, Bartletts, 2.50a2.75; Seckels, 1.50 a2.00; oranges, 8.50a10.00; lemons, 4.50a 5.50; grapes, Concords, 55a60; Thomp- son seedless, 1.50a1.75; Tokays, 1.50a 1.75; damsons, bushel baskets, 2.00a 2.50. ‘Vegetables—Potatoes, 150-pound sacks, 3.50; sweet potatoes, barrels, 3.50; string 1.00a2.00; peas, 5.00; caulifiower, : 2.00; tomatoes, 1.00; 25a50; beets, per 100 bunches 3.00; carrots, per 100 bunches, 3.00; peppers, 1.00a1.25: spinach, 75a1.00: kale, 75a1.0¢ ggplant, 1.25: lima beans, 1.75a2.00; cabbage, 90-pound sacks, 1.25 al.50; squash, 1.50. 44a45; current re- ans, 2.25a2. culls, Washington Stock Exchange SALES. Capital Traction Co.—10 at 54, 10 at 54. Potomac Electric 5!5% pfd.—1 at 1081}. Riggs National Bank—10 at 455, 1 at 45! 5. American Security & Trust Co.—4 at 370. Mergenthaler Linotype—10 at 9312, 5 at 9312, AFTER CALL. Potomac Electric 5'2 % pfd.—5 at 10814, Woodward & Lothrop pfd.—11 at 107. Potomac Electric 6% pfd.—>5 at 111. Penn Ei pt (7). Penn Pw pt (6) 51 West Penn P pf (7).. 10s Western Md..... Western Pacific pf. Western Union (8).. 12 Westingh'se A B (2). 4 Westing E& M (5).. 428 West E& M pt (5).. 170s Weston El Instr (1).. Westvaco Chlor (2) White Motors (2) White SewingMach. Wilcox Oil & Gas. Willys-Overlan; Wilson & Co (A). Woolworth (2.40) Worthington Pump. Worth Pump (A) (7) Wrigley (Wm) (4).. Yale & Towne (2) Yellow Truck. . Youngs Spring (3). Young Sh & Tybe(5) 6619 35 10% 19% 90 Notice—The exchange will close Mon- day next, “Columbus day.” Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Te Amer. Tel, & Telg: Am. Tel. & Tel. ctl. tr. Anacostia & Poi. R. R. 55 Angcostia & Polomac c. . Tel. of Va. 55 Capital Traction R City & Suburban 55 Georgetown Gas 1s Potomac Elec. Bid. Asked 101 Wash. Ga: Wash. Rwy. & EI Barber & Ross. T Chevy Chase Club 5'as D. C. Paper Mfg. 6s M. Cold Storage b h. Cons Title 6s. Fates as given in the abovy based on the latest q kll; :;bhl:u. STOCKS. Sales. Hig! Argentine 533s'62.. 20 80% Argentine May "$1.. 9 Argentine 6s Ju'69. 8 Argentine 6s Oc'69. 5 Argentine 63 A '57.. 32 Australia 4% 10 Australia bs ‘55 25 Australia 6s '57 Austria Ts *43 Batav Pet 4148 "42.. 1 Bordeaux Brazil 6%s '26. Brazil 6%s 27, Brazil 7s. Brazil 88 °41. ‘Bremen 7s '35, Canada 6s'31 1. Chile 7s*42., . Colombfa s Jan 61 Con Pow Japan 7s. . Copenhag 4% '53. Copenhag 65 '52. Lzecho 8551, Czecho 98 '52 Dan Mun & Denmark 68 '42.... Dutch East I Mar. . Dutch East I 65 '62. El Salvador 8 Finland 5%s ‘58, Finlana 7s ‘50. Fram I D 7% Krench 7s 49 French Gvt 7 1 Gelsenkir Min 6534 German 5%s '65.... 8 German Bank 6s German 7srep "49 Ger Gen E1 75 *45, Greek 65 '63 Hungary T%s Irish Free St 55°60. Italy 78 '51.. . Italy Pub Sv 7s '52. Japanese 43 ‘31 Japanese 5% s *65. Karstadt 6s *43 Kreug & Toll 5 Lyons 6s ‘34 Marseille 6s Mex 4s asstd 19 Montevideo 7s '52.., Netherlands 6s 72, New So Wales '57., Norway 5s '63. Norway 53%s ’65. Norway 6s 43, Norway 6s *44. Norway 6s 62. Orfent dev 5% Orient dev 6s Paris-Ly M 6 Paris-Ly M 7s'58. Paris-Or-5%s '68. Peru 6s'60.... Peru 7s'59. Prague 738 '52. Queenland 6s *47 Queenland 7s *41 Rhine West 68 '53.. Rhine West 6s '53. . Rio de Jan 6345 53, Rio de Jan 8s '46 R Gr De Sul 6568 R Gr De Sul$ Rome 6%852..... Roy D 4545 ww.. Sao Paulo 85 '36. Sao Paulo 83 '6 Saxon 7s'4 Seine 7542 Serbs-Cr S1 Serbs-Cr-S1 8 Sweden 515 Swiss 5358 '46.... . Swiss Confed 8540 Toho El Pow 63 *32.. Toklo 58 ‘52, Tokio 5% Utd King § Uruguay Vienna 6s Yokohama 6s ‘61 Low. Close. 78 80% 93 1084 108% 10014 1055 1027 1026, , | Cent Pacific 53 60, 9912 100 9315 § 104% 80 100 % 1023 104%, 104% 101% 91% 9574 104'% 106 MISCELLANEOUS. ADitibl P & P 58 53 Ab & St54s"43. Ajax Rubber 8s. Allegheny bs "44. Alleghany 58 '4 Allis-Chalm 55 '37. Am F P 5%52030. . 9 70 2 100% 25 954 “|AmIGCh5%s’4 Am Int Cor 5348 *49. Am Metal 5%s ‘34. . Am N Gas 63842, Am S&R 1st 55 °47.. Am T&T cv 4%5'39. Am T&T 68 "65. Am T&T e tr b3 Am T&T 6sst 7 100% 25 95 96 |STOIN Y 4%s 1., Tenn Cop 63 B "44. . Tenn (51 P 68 A 47.. Tex Corp ev b Trans Oil 6145 *38.., Utd Drug ev U S Rubist 5s Warn Br Ple Warner Sug Warner Sug 7 West 51 deb bs *44. West Un T 614336, 9 Wick Spen 1st 7535 6 Wil-Ov 18t 64833, 2 WinRA T4%s'41... 3 YouSt& T 5s°78... 1 RAILROAD. Atchison gen 48 '95. 36 At& Danv 4s48. B&O 4s"48. 100 99 107 101 109% 99y 70 71% 397 1041 1041 1084 18 100 102 4 102% 97 56 967% 98 101 103% 109% 96% 101% 1017 691y 5% 98% 104 92% 945 99% 100 1054 105 B & O ref 63'95. B&O6s'95.... B&OP&WYV 4841, Eos & Me 58 1955 Bos & Me bs '67 Brooklyn Bklyn Elev 615 Bklyn Man 65 '68. .. Bklyn Un El 68 '50.. Bklyn Un 1st 65'50. 1 BR&PItt 4%s '57.. 24 9 13 6 Can Nat &8 Oct '69.. 10 “an Nor 4148 ‘3! or 6138 db *46 n Nor 75 deb '40.. Can Paclfic db 4i Can Pac 438 *46. Can Pacific 4% s '60 Can Pacific 68 ‘54 Cent of Ga 5s C '59, Cent Pacific 4849, ., 1 24 1184 1118 8914 101% 991y 10514 1001, 9614 104%, 100 1 5 1 49 3 1 1 Ches Corp 58 *47. 59 M&StP 4% s E. . Ch M St P&P 55 16, 27 'h M & St P adj 6s. 133 Ch&NW 4%82037, 2 & NW con 4%s.. 28 Rwys 58 '27 1 RI&Prt Rlcvay RI&P4% 1 T H fne 6s UnSta 43 Ch Un Sta 615 C& W Ind 5% CCC&St L 434 CCC&SLS5 Clev Term 4%s Cuba R R 53 °52 Cuba RRrf 7355 '36 Cuba Nor 6%s 42.., D&RGren4s’s Den& RG W 6 DuS Sh & At 55 '37. Erie 65 1967. .. Erle 53 1975, i Erie Pa clt tr 4s ‘51, Erle & Jer 63 '55. ... GrTrafdb6s'3 Gr Trunk 2o Gr Nor 434377 (E) Grt Nor 18t § Ch Ch Ch Ch Ch Chf Ch 1 Gulf Moblle 58 '50. . HavEl Ry 5% Hud & M rf 55 '57. 111 Cent 45 '53. 111 Cent 4% s *66.... 111 Cent 6% '36. 111 CCStL&N bs A. . Int Rap Tr bs ‘66 Int Rap Tr sta Int Rap Tr 75 ‘32 Int & Gr Nor 6s '52.. Int &G N ad 6s 52, Int RysCA 5s'72.. Kan City Sou 3s 50, Kan City, Ter 45 *60. Long Isl rf 48 49, L & N uni 45 *40. Manh Ry 1st Market St 7s *4 MilE Ry & L b: M1l E Ry & L 6561, M StP&SSM con 4s, M StP&SSM 6%s. . MK & T ad) 55 67.. MK&TprinbsA., Mo Pac gen 4875, . Mo Pacific 5s F 77 Mo Pacific 55 G 78 Mob & Oh 43%s77. NCh&StL4s"7s., ent 4358 2013, reim 5s 2013, 100 99 107 101 109% 9914 T0% 74 8974 104%; 105 1084 18 100 102 102% 9% 56 97% 98 101 103% 109% 96% 1015 102 9914 104 92% 4% 99% 100 105% 105 118% 111% 8914 101% 9914 10514 1001 96% 104% 100 96% 81 8% 981 96 76% 99 95 96% 82 103 116 104% 101% 105 103 6515 6415 40 96% 8’ 0% 20% 90% 101 106% Shipments to Eleven States Is Curtailed. By the Associated Press. A material reduction in the supply | of grain-finished cattle to be marketed this winter was forecast yesterday by the Department of Agriculture in view of reduced shipments of stocker and feeder cattle into the 11 corn belt States. During July, August and September, the report said, the number of cattle and calves inspected for shipment into the corn belt was about 25 per cent smaller than for the same months last year, 30 per cent smaller than the 5- Year average and much the smallest in 12 years. “The shipments into all of the States in this area, except Nebraska,” the de- partment said, “were smaller this year than last, the most marked decreases being into the States where feed pro- duction was most seriously affected by the drought. The shipments into the States east of the Mississippi were 40 Er cent smaller than last year, while ito the States west of the river they were only 16 per cent sgaller. “Present indications are that the shipments during the three months, October to December this year will be 4 10114 1013 | & considerably smaller proportion of the total shipments for the six months, July to December, than last year, when they were a much larger proportion than usual of this total. I? this proves-to be the case the total six months' move- ment this year may be nearly a third smaller than last year.” Commodity Price Trends of Week BY H. N. McGILL, Editor McGill Commodity Bervies. Written for the Associated Press. AUBURNDALE, Mass., October 11— Commodity prices were hammered down to a new low during the week just closed. Industrial groups sharpest declines. Metals, textiles and vegetable oils reached new lows. Agri- cultural products and live stock were also reactionary. Out of 15 individual indices during the past week, 10 de- clined, two advanced, and three r mained unchanged. Any improvement in business condi- tions of a seasonal or fundamental na- ture has been slow in making its ap- pearance. Depressing factors such as led production, heavy inventories of raw materials, diminishing interna- tional trade, low bidding, radically re- duced automobile production, unemploy- ment, and conservative purchasing power together with unfavorable conditions in the agricultural districts, form a long % 111% | chain of disturbing influences which act as a weight on commodity prices. There are two outstanding influences 9914 | which are holding business back. One 975 |18 111% 98% 434% 100 72 T1% 90 98 71 66 804 95 101% 9% % 103% 7814 100% 100% 100% 105% 94y 96 1031 997 102% 1081 83% 9514 -107% 102 79 more 80% | favorable the fallure of the stock market to ad- vance, and second, the renewed weak tendency in commodity prices which to make the prospective buyer tive. The most even conserva development during For the past week all commodities were distinctly lower. Commodity prices today are less than 20 per cent above the 1913 level. The individual groups, which were lower were industrials, agricultural products, live stock, hides and leather, non-ferrous metals, ferrous muhfik"mw‘ fine and coarse, and duction is larger than a year ago. Industrial Commodities. ‘These are now the lowest for any period running back to early 1916. Metal prices were sharply lowered dur- ing the past week, and textiles, which have recorded the greatest decline since 1926, also reached new lows. Textile Prices. Suffering from oversupply and the most conservative consumption rate since the great depression of 1920 and 1921, textile prices were lower. silk, wool and rayon recently estab- lished new lows in the price readjust- ment which has been going on for over ture, may be these things—dignified and interesting and successful—but there are a lot of farmers today «do not exactly feel that way about it. George Russell, famous Irish writer and co-operator, is in the United States Simmons Co...... 15 Sinclair Con Ofl (2)., 108 Sinclair O1l pf (8).... 20% Skelly Ol (2).. . 3 Snider Packing z 95% Solvay Am pr ww 6% PUBLIC UTILITY. Amer. Tel. & Tel. (9) ction Co. NY NH&H 434867, NY NH&H cv db s, NY O&W 1st 4s'92. NY O&W gn 4s'55. . &B TPartly extra. 3Plus ¢ lus 9 per cent 1n i 961 | & year, able in stock. d Payable 121 444 35 89 jons. 8 Unit of trading less than per ‘cent '1n stock. . fPayanie n serie re) ayal casi k. gPlus 6 per cent in lloez' 'hPlIll Y,Pl'u'lr Iflfl.nl:fl“el::‘ X 1 JPlus 8 per cent in stock, k Pi per cent in stock. n Plus § per li‘a‘e.n: x?:".n::':" Seliacks "Hn:‘m Non-Ferrous Metals. Due principally to the break in lead prices to 5.10 cents, non-ferrous metals were sharply lower. Tin reached a new 34, AmWrit Pap 6s 47, Arm & Co 4%s'39,, Arm Del 535 43 32 112% 42 8 118 TR e e 3108 107 108 104 41 now in an attempt to revive interest in farm life. But it will not revive itself. There 1s one way to bring farm life back, and only one—that is, by making farm life pay in dollars and cents. Pianos and Radios. It must pull the heartstrings of many old piano workers to learn that seven of the leading piano companies of the United States have been forced “by the competition of radio sales” to abandon the old handmade piano entirely and adopt a modern manufacturing method | of construction which has been evolved by Dr. C. N. Hickman of the Bell Tele- phone Co. Berthold Neuer, vice president of Wil- liam Knabe & Co., tells the story: “Since Joseph Chickering made the first overstrung piano in 1832, the methods produced by Dr. Hickman are the first radical changes made in the piano. The new pianos, which will be laced on the market, will have greater uty and tone than the manufacturer was able to produce before; they can be repaired easily because of the inter- changeability of parts and every piano of a type will have the same qualities.” So, one by one, the old handmade instruments will give place to the new kind. A saving of about 25 per cent in the retail prices will result (Copyright, 1930, by North American News- paper Alliance.) BOOK BY MUSSOLINI UNDER ITALIAN BAN 2 “The Cardinal's Mistress,” Written |2 | Many Years Ago, on List ! Notice to Dealers. ROME, October 11 (N.AN.A) —The Fascist authorities send around’ a list of banned books to all Italian book shops three times a week, and you will scarcely believe it, but among the good old stickers on this list is an early perpetration of Mussolini himself. 1t is a work, called “The Cardinal’s|C: Mistress,” the Duce wrote many years ago, and the ban upon it has had the effect of prolonging its life far longer | G « than would otherwise be expected. Much passed-on copies of the hook now exist, 8o worn they are almost dropping to pieces. 1t is a uniformed policeman who brings the Fascist “Index Expurgato- rius” into 'the book shaps, and, the documents forbid possession as well as| D sale. What happens to copies of banned heavy; Bonds irregular; prime rails firm. Curb heavy; Eoreign exchanges irregular; peseta new 1930 low. firm cables and covering. day. Coffee holiday. Estimated earnings of the Maryland Railway Co. for the week ending September to $451,715.69, a decrease of $58,458.74, or 11 per cent. current fiscal aggregated $13,512,528.29, a decrease of $418,047.76, or 3 per cent. ance announced today as of close of business October 9 was $277,558,122.73. Customs receipts for the month to date were expenditures, $13,802,503.27. 3i2s Sept 3123 De She books already in stqck is mysterious, to 8 y the least. (Copyright, 1930. by North American News- er Alliance.) Sardines shipped from the United States in the last fiscal year filled 125, Dreferred stock. rSubject to wpoToval of siockholdera. Markets at a Glz;nce NEW YORK, October 11 (#).—Stocks | leaders resume slow decline. | market’ sags under realizing. Spanish Cotton highei Sugar hol WESTERN MARYLAND RWY. BALTIMORE, October 11 (Special).— | Western | 30 amounted Total earnings for the year to September 30 | U. 8. TREASURY BALANCE. The United States Treasury bal- $10,715,710.11. Total ordinary TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) Al 3, . 18, 1922, SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) Bid. Offer. | Allis-Chalmers Co. 5s 1937, 102 Ameris ‘Tel. & Tel. 5izs Bitimore & Ohto 41%s | Corp. 4 7 Ohi Bs 19470 5128193 orp. 8 1631 Gen. Pet’ ‘Corp. 55 1040, ... General ‘Theater Eaiip Goodyear T & R Be o3 . 9134 Tand Trunk of Canada 6s 1938 10714 Gulf Oil of Pa. 58 193 10112 Humble Ol 8izs 1932....00° " 10214 h Corp. ‘55" 1947’ 100 108 1021 at. Match Corp. Mariand oil 85 193 5 Tnion Ol Co. of U. S. Rubber 55 1947 Western Electric Co. vhall Bl ol December, nes January, old... Company. tlan Marcon. . Atlantic Steel Avondale Mills Bank of Toronto. s Barcel Trac Lt & P.50c Camden Fire Ins.. Campe Corp 6%37 ! die Canadian’ Bk ‘of Cities § Bkrs Shs..3046c Collins Co.......... %2 Credit Ut Bkg B.37isc Dayton Po & Lt pf..50c Elec P&L 2d pf A.$1.75 Empire Title & Guar. §1 Galveston Wharf Co.50c Goldsmith (P) Sons. 30¢ | Hawaiian Can Ltd.30c c pi Randall Co ‘A’ Ray Con Pile 33 Simp Lt Bimsbury (Simsbury) " .. .50c Virg Alberene §8 A...32 can Hawaiisn Raymond Con Pile. . Flintkote Vadsco Mimsi Wi NEW YORK COTTON NEW YORK, October 11 (Special).— | | Cotton prices firmed up toward the | close today on increased covering, as | traders evened up commitments over‘ Monday's holiday, ~nding with net gaina | of 12 to 13 points. The spot market was 15 points higher at 10:45 o'clock. Cotton range: W ‘Wears Red Sports Costume. Sue Pollard, daughter of the Governor of Virginia, made a vivid note at the | annual Army show on “Virginia day.” | Miss Pollard was dresséd in a bright red sports suit of flannel with a small close-fitting hat of the same material, DIVIDENDS DECLARED NEW YORK, October 11.—(#), Pe- Rate. riod. Regular. NI Com.$3 Angeles Tny Co...30¢ Marion Co St Bk Ind. 33 Nat Ter % _conv pf.35c o Wax Paper pf. ;-80c pi T8¢ td 62%. 316202 Bk & Tr Extry Bank of Com...$4 an Lid ~40c Reduced. 5c Q Deferred. Co A..37%c Q B et 31is Q 2 Omitted. Pi sagsacll Cor’ey bidaths 5150 Q@ Oct bf..$3.50 S-A Nov. DI....34 B-A Oct. DAIRY PRODUCTS’ PLANS - FOR EXPANSION RUMORED Special Dispatch to The Star. BALTIMORE, October 11.—Mergers in the ice cream and dairy industry are drawing attention in local financial cir- cles, where persistent reports are heard that the National Dairy Products Cor- poration has plans to expand its activi- ties in Baltimore. 7| This company has taken a prominent 53 | part in expanding over various parts of the country through consolidations, as 3 | have also the Borden Co. and Beatrice | Creamery. All three have obtained foot- holds in’ Baltimore. Beatrice Creamery recently acquired the Jersey Ice Cream Co., while Borden has obtained control of the Hendler and Horn jce cream companies. National Dairy Products a few months ago acquired title to a large plant here through the Chestnut Farms Dairy, a subsidiary. This company, therefore, has shown an interest in expanding in the Baltimore field, and it is understood has plans to enter the milk business, either through merger or as a new local com- petitor, Western Maryland Dairy, controlling the bulk of the local milk supply, has remained independent, quent attempts have peen made by out- S:-nuy:wn interests to acquire the com- self figured in several mergers with local companies and became the largest inde- . Low. Close. | 5 10.21 L Pay- Holders able. of record. [5-S Philadelphia in January, 1928, when | zonsolidation was effected with the Fair- | field Farms Dairy. .. RAIL EARNINGS IH;BOVE NEW YORK, October 11 (Special).— | The first of the September railroad | earnings to be reported show some im- provement over those for August, They are, of course, still unfavorable in re- | lation to the figures for the same month last year. Interest in the St. Paul state- ment was keen today owing to the new low prices this week for the ad- Jjustment bonds and the common and preferred shares. Operating income was given as $3,111,000, as against $2,961,000 in August, with gross $2,500,000 lower than in September, 1929, but about on a keel with that in August of this year. The Burlington showed a gross decrease in September of 13 per cent and a net operating decrease of 21 per cent, but car loadings this month have improved so it is expected gross results for October will be ahead of those for (N TN ey although " fre- | B The Western Maryland has it- | ¢ pendent dairy organization south of | 3 NATIONAL BANK. Capital (14) Columbia 12). Commercial (8 Li Metropolitan Riges (157). Second (9e) . Washington '(13) TRUST COMPANY. Amer. Security & Trust Co. (15) ntal Trust ¥ Union Trust (8g)... Washington Loan & SAVINGS BANK. Bank of Bethesda (6%).. Commerce & Savings (10} East Washini 12). Potomac (10 Security Sav Seventh Street (12). United States (30) Washington Mechani FIRE INSURAN American (12) Corcoran (10) National Unio; TITLE INSURANCE. Columbia (6h). Real Estate (6h) Title & Inv. Co. Md. com . MISCELLANEOUS. Barber & Ross. Inc., com Chevy Chase Dairy pfd Col. Medical Bldg. Corp. . Col. Sand & Gravel pfd. 582258535 ed.-Am. Co Fed.-Am. Co. pfd Lanston Monotype (8) er. Tr. & Stge. com. (10). Tr. & Stge. pld. (7). ler Linotype (6) Natl. Mtge. & Inv. pfd.. Peoples Drug Stores pid. eal Est. M. & G. pfd. (8, Security ‘Storage (se)... .. Ter. Ref. & Wh. Corp. The Carpel Corp. (1.50) W. Mech Mii . (8 Corp. rop pi SSeutuvas: Wi Wood *Ex dividend. B Books closed. na2se extra. fi0c extra. §1% extra. Unlisted WDep artment. BONDS. Army-Nayy Club b 4 u 5. Commereial Club 1st Metropolitan Club 4328 Munsey Trust Ce e o 46 September. Due Nov..1 ‘War corfespondents with Clua':: armies 3,000 years ago practiced art of shorthand, Due Aug. 1 Due Nov. 1 o. Northeast, Savings Bank. Wi Washington 1 ings Bank.. Washington Base Ball Cl wmn&-m Savings 0. | Dodge Br col “40. Asso Ol 6s '3 At Ref deb 55 '37 Beth St rf 5542 Bush T Bldg bs Cert-td deb 5. Chile Cop db 5s ‘47 Colon Oil 65 '38 Col G&E 55 Ma Com Invest 5% s 49 Com Invest 65 ‘48 . . CC Md 1st rf 58’50, ConG N Y 5% Consum Pow Det Ed rf 65 B "4 Duquesne 4348 '67. East C Sug 7%s'37. Gen Motors 6s '37. , Gen St Cas 5%8 49, Gen Thea Eq 63 '40 Good 18t 6348 '47 Goody’r Rub Hoe & Co 6% Humble Of1 Hum O&R 6% NBTIstpfbsA.. inland Steél 4% s'78 Int Cement 6s'48.. Int Hydro EI 68 *44. Int Match 6s 47, Int Pap 65 A *47. 55 Int T & T 6855 Kan C P&L 63 A 52 Kan Gas&E 4% '80 Lac G St L bs 34 Laclede 538 C 63, Lautaro Nit 6s 6 Lig & Myers 5s '51.. Lig & Myers 7 ‘44.. Loew's 68 war ‘41... Loew's 68 Lorillard @ Man § 18t 7 McCormack B e M o IO} et L P YT T Pac G & El Paramount 1L 4 1 4 101 13 102% Y86’ Pub Sv G 43870, Pure Oll 5%48°37... Rem R'a5%8 A 47, Sincl O 6%#s B '38.. Sincl O T8¢V A 37 103% 102% 103 105% 4 106% 881y 10313 39% 102% 101 88 994 91% 76 1024 4 102% 105% 984 9874 9T 100% 5% T1% 8% 93 84 105% 96 Wi e | Sope o3 102 Nor Pacific 35 2047, Nor Pacific 48 '97 Nor Pacr 1 65 204 Oreg-Wash 4; Penna 45 '48 Sta. Penn cv 433 '6 Sawen o wmBanwan RR 4s. PCC&StLbsA... PCC&StL6sB P& W V4%sC Por RL&P 734 Read gen 4% s A 97 Reading ¢%4s B.... StLIr M'nt6s'31.. StL IM R&G 45 '33. StL&SFindsA.. StL&SF4%s"s., SILSF 4%8'78 w.i.. StLS W 6s'52.. StP&KCSL4%s. St P Un Dep 65 '72. Seab A L 45 st '50. Seab A Lcv 6s’45.. Seab A1l F16s A '35. Seab All F) 6s B35, Sou Pac col 45 49, Sou Pac ref 4s '55. 3. 9 ww, Sou P & Or 4348 *77 Sou Rwy gen 4s '56 Bt B a5a580a Ron Sou Ry M&O 48 '35 Third Av adj 6s'60. Un Pag 1st 4 Union Pac 45 ' Va Ry 1st b8 '62. Va Ry & Pow 68 '34 VaSWevbs'ss.... 93% 98% 9214 107% 107% 102 102 90 90 90 90 103% 108% 1014 101% FOREIGN EXCHANGE. London, pound. Paris, 'fran Brussels, bel crown Stockholm, crown' s 113 45 69 95% 94% 98 106 102% 99% v 1013 104% 109% 101% 101% 90% 102% 98% 997 9815 101% 1125 120% 93% 28% 98%, 2! 107% 102 90 90 103% 101% 86 100 96 97 (Quotations furnished by W. B. Hibbs & Co.) N 1gold Selling checks | EAWIn Sprankle, a salesman for Car- today. stairs & Co,, in American food ks - Fo products are being.con- low of 26 cents. Such price weakness has a sympathetic effect upon other non-ferrous metals. Al commodities. Agricultural Hides and leather. Non-ferrous metals’ Tous metal Textiles. fine Vegetabie oils Baltimore Marke! Special Dispatch to The Star. 'BALT.(M%R!, l)lgd“ October 11.—Po- 100, 2. cabbage, ton, 15.00220.00; carrof 00, 2.00a4.00; caulifiower, crats, 1.00a2.00; celery, crate, 1.00a1.50; corn, dozen, 15a35; eggplant, hamper, 40a50; le! tuce, crate, 3.00a3.50; lima beans, ham: : peppers, bushel, 25a90; 3 25a75; packing stock, bushel, 30a50; apples, bushel, 65a1.75; canta- lampes, | crate, 1.00a1.75; damsons, el, 1.75a2.00; grapes, basket, 45a60; peaches, bushel, 1.00a3.00; pears, el, 90a2.50, Dairy Markei. Poultry, alive—Chickens, !gfluem pound, 20a27; Leghorns, 18a23; poor, thin and barbacks, 15a17; old hens, 16a25; Leghorns, 13a15; roosters, 13a 15; ducks, 13a20. Receipts, 480 cases: firsts, 31a32; hennery; firsts, 40; pullet eggs, 23a35; gm firsts, 28a 30; current receipts, 28a30. Butter—Good to -faney creamery, pound, 36a42; ladles, '28a30; rolls, 2 38; process, 32a34; .store pacl 22a22%%, SALESMAN IS SLAIN Philadelphia Shooting Occurs Near Stock Exchange, PHILADELPHIA, October 11 (#.— vestment brokers, shot and killed by Adam Yakas of Darby, Pa., who then committed , at the entrance to the company offices yesterday. ‘The cause of the shooting, police said, is not definitely known, but was be- lieved to have been due to some differ- ences over investments. The shooting created great excitement in the financial district. The Carstairs offices are on the ground floor of the gulmlcdkln( in ',mlihl the Phfllm Exchange is logated, on street, west of Broad,