Evening Star Newspaper, October 19, 1930, Page 78

List Slightly Lower- Under Steady Pressure of Offerings. BY DONALD U.°BOLES, Associated Press Financial Writer, L ;gg: Ovtober u.—'n& trend ‘bond ‘was toward slight o er levels today. Pricé movement, how- ever, was o 1l fractional steady pres. BALTIMORE, Md, October 18— to wether - conditions pre- week the demand for 14 3 = . 5 E 52 Bi: d ! E £ 2 zegg us8 1 8 i g mostly at 13 to 16. receipt but ample for is limited and con- 1 P (i ] ; JE8EE B2 =5 5 Beef cattle, fiirst quality, 7 to 8;| common to mediuny, 4 to 6. Bulls, as to . Cows, choice to fancy, spot, 3 813; November delivery, No. 2 Yellow 5 ; cob corn, 5.00a5.25. ite Domestic, spot, 46; , 8pot, 45. Rye, GRAIN MARKET CHICAGO, Oetober - 18 (#)—Stub- resistance to pressure showed itself in the grain markets late today and prices finished firm, d # late transient dip. DLate selling of wheat came chiefly from -houses with connections East. Russia was offering wheat a it lower prices failed to hayve sny appar- ent market influence, but interest was stirred by word that President Hoover was in conference today with a large Amedc:dn wheat grower who has just & &h > Bhiihe RaR: ;%ifi £l i .n:n epmu‘g;.ufile three months poration re ended Se%t:rmm 30, net earhings of ths | Traveler Cor-, .| has budget for unemplo; ‘The board 102.18 102.9 102 106.28 106.18 106.28 108.25 108.18 108.26 112.28 112.22 112.26 Am Tel & Tel Am Writ Pap Armour & Co 43 Armour of Del 5% Atlantic Ref deb 5. Certain-teed § Chile Copper Comim Invest 548 '4 Comm Invest deb 6 Con Coal (Md) 1st ref §: Detroit Edison ref 6s'40 Dodge 6540, ...00.. Duquesne 4%s 1967 East Cuba Sug 7%s 37, .. General Cable 4 1947 Gen Motors 6s " Goodrich (B F') 6%s '47 Goodyear Rub 5s 1967 Humble O & R 6%s'33. Inland Steel 4148 1978 Inteér Cement 58 '48. Inter Mateh bs *47 . Inter Mer Marine 8541, Inter Paper bs A ‘47 Int Tel&Tel cv 4 %5 Kan Gas & Elec 448 80. Kendall 5%s'48 (war). . Lackawanna Steel 68 '60. Laclede5%s D ‘60 . 86 51... g Midvale Steel 58°36...... Montana Power 68 3.. Nat Dairy Prod § Nat Radiator 6%s North Amer Northern States Pow bs. Pacific Gas & El 68 "42. Pacific Tel & Tel §s '52. Pan-American 6 wees Para-Fam-Lasky 6s°47.. Philadelphia Co 58 °67.... Phil&Read C&I 63 wi '49. Philips Petrolm 6% Postal Tel & Cab 6 Reming-Rand Sinelair Ol 7s & Utah Power & Light Utilittes P& L 5 " Walworth §s 48 Western Union Tel 638 Wilson & Co 1st 68 °41.,.. Youngstown Steal s 78 . FOREIGN. Argentine bs June A'ST Brazil 8 Canada 5s°52. Chile Republie Chinese Govt Ry s '51. Colombia 6s HI%IIII. 67, 102% Swiss 5% s *46. 97 Toho Blec Pwr 78 102% 104 106% 118 .14 10 68 68 101% 101% 108 108% 150 150 107% 107% 102 102 40 91 60% 60% 102% 108 94 94 102% 102% 385 36 106% 106% 85 85 102% 108% 88 38 96% 97 102 102% 101% 101% 4 8 90% 92% 95 96% 68% 60% 101% 101% 103% 108% Chi& N W 6%s Chicago Rys ChiR 1 & Pac ref . M CCC&StLrf4%sBE"TT. gct,&su.nn.. bt Colo & Sou ref 4348 '35. Cuba R R 68 ‘52 Cuba North 6%s Atl Coast Line 4% s B&Ogold 4s L b+ FEEER FEF FREERS +14+1 4 8 G e A ST 1L ghiLL FR FEF EPFRRREERE FEE FRESF Flor Bast Coast b Fonda J & G 4%s 6. Great Nor gen 5%s Great North gen 78 °'36. Havana Elec Ry 5% Hudson & Man adj Hud & Man ref Illinots Cent ref 4 Illinojs Central 4 ;n“r Fiapld Tran North Pacifier 1 Penn P RIArk&L 4% St L Iron Mt gen BLIM&ASRS StL&SFprin StL&ESF 4%s % 81 104 L 9% —2% 86% NEW YORK CITY AIDS ~ JOBLESS IN BUDGET Relief Fund of $1,000,000 Provid- ed, With Decision as to Use to Be Determined. By thé Associated Press. NEW YORK, Ottober 18.—An item of $1,000,000 for the relief of employ- ment has been added to the eity’s tena- tive budget for 1831, The relief fund was incorporated in 3 |the budget by the board of estimate terday with & provision that the fim’fl allotment be determined h‘giy officials said this is believed to be the first time such a sum of money been set aside jeally in the jent relef. other increasés of :)‘1»“:’ tlx,ooo.ooo r::h to_the flcu::'!zl" e Police ent, Departim Sanitation Il’;%.lthe "auinu of Child Welfare. Several smaller items were 5 raise the tenta- five Suager, mm“,a'w.m. Final ac- én 1ot later than Oc- iee ; ke - SILVER QUOTATIONS. D FEWER AND STRONGER BANKS BEING URGED Dent P. Greeh, superintendent of banks of Alabama, urges the consolida- tion of smaller State banking institu- tions with the view to having fewer banks, but stronger ones. Recognition of the need of fewer Jnd banks 18 also the attitude of the State banking department of Utah as revealed in a ly_written by the bank commissioner, Walter H. Hadlock, in ex:ghtnln‘ his refusal to apptove ar- ticles of incorporation for a proposed new bank. REPORTS SALES GAIN. L 8. Ihlhb,;?mu«olmW-h- 1 the Monroe Caleu- lating Machine Co., Inc, that the sales have been very throughout the year, a #bove his distriet’s quota even d July and August, and showing a large increase during September. For th h time this year the Washington _district op the monthly sales pennl:x awarded for highest sales quota of any dis- t of its size in the country. HOLD BAME STATUS. - ks of New A new record was established in the volume of hide futures trading on the Rl 6,360,000 (] e Louis & Nash uni 0. Market St Ry 78 A *40. 4% 1 Union Pacific Un Pacifie ref Virginia Ry 1st 9% Va Ry & Power ... EFEEF LN RS sEex" e BEVses” Fe LR ‘97 s + il Rt R ad ] ' RER FRRPEESEFEIFT FEFF wIEEEFEER NESE - B+ + 0 vtdt I+ 4 == sh Maryland West Maryland Waestern Pacific 8 West Bhore 1st 48 236 NEW ORDERS -CHECK IMMIGRATION TO U. S. Consuls Given Discretionary Pow- ers to Bar Possible Public Charges. ‘The Labor Department says there has been a sharp reduction in the number of immigrants coming to the t;::ém ing come public charges in this couh The order was issued by Pruflim Hoover because of the unémployment conditions here. “We know that the check in immi- gration is being most feit ih Canada and Mexico,” said Harry E. Hull, ¢om- missioner general of immigration, terday. “Nevertheless it 18 also fecting markedly the movement from Europe, al the long waiting list in several ‘&m&u countries of !;‘mml- grants previ makes the nlppllcman of new system a little slo fect.” wer in registering eff The new regulation was in effect only of Au[lllt‘ but it was con- ? lon lals as - le for the reduction of month to 34,350, as with 41,785 in August last total _was 4,137, largely compared DRUG DIVIDENDS VOTED. NEW '?fl“‘ October 18 w).—- 3 g g e T e mfzaé.?fi'fi:::g Produ ¢ | tons vs. 178,956 tons, ively, to | tober mefl ;IG.SDI tons vs. 378,148 Stock and dividend. * 3 Snider Packing Co...... % 95% Sovay Am Inv pr ww 53 108 11% South Porto Sug (1.40).. SoPorto Rico Sug pf(8). 106% Southern Calif B‘". - B‘!fi Spear & Co. . Spencer Kellog(80c) Mig.... Stand Oil of Kansas (2). Stand Oil of NJ (12 Stand OfI N Y (1.60). Starrett (L 8) (12% Sterling Sec A). Sterling Secur pf (1.20). Sterling Sec ov p£(3)... Stewart-Warner (2) St & Webster (4) 24 St aker Corp (3) 116 Studebaker Co pf (1) 50 Sun Ofl (§1) 102% Sun Oil pf (6 82% Superheater 1% Superior O11 7% Superior Steel. 8% Sweets Co of 2% Symington 5% Symington 6% Third Avenue. 22% Third Nat Inv (2). 27 Thompson (J R) (3) 16 Thompson Prod (2.40).. 5% Thompson Starrett Co. . 30 Thomp-Starr pf(3%). 10 Tide Water Asso (60c) 1% T 17 Transamerica Corp (1). 8 Transue & Willlams (1). 9% Tri-Continentl Corp.... 89% Tri«Con Corp pf (6. 26% Trico Products (2%)... 10% Truax-Tra Coal (1,60).. 22% Truseon Stl (£1.20).... 8 Twin City Rap Tr (§4).. 51 Twin City Rap Tr p£(7). 21 Ulen & Co (1.60).. 66 Underwood-El-Fish (6 Underwd-EIl-F pf (7). 9% Union Bag & Paper 59 Union Carb & C (1. ted 70 United Fruit (¢) o F588-~353805s" wmen H 53 R NN A R S AR NN e e T R 1+1 F = b3 2 5" s2s 2 58 16% » 7 2% 45% 234 A% 2 50% el 104 974 112% 106% 111% 104% 118% 1134 o 20 gy 8 14% 0% 11 53% 20% 219% 133% 52 33 201% 105% (AR RE NN e [ ® EeEp B T T P+t b+t bt +l1+0 01 +) - ¥ 2% & [N 150% 86 130 120 EL T 1 CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, October 18.—The fol- corporation news prepated by Standard Btatistics Co., Inc., New York, for the Associated Press. News Trend. Stock receded to new low levels prices in the clolll& trading of the week, Standard Statistics’ index of prices of representative active es declined 5.7 points, or 4 per cent, on Pridi Based on final quotations, it stood at 1363, compared with last ear'’s low of 140.2 and the 1928 low ] of 134.6. However, of the three jor .4 per cent below those of ar 4go, Wl - e centers were 26.6 per cent 3 Earnings Statements. ‘The day's co?anum news contains another batch of third-quarter earnings statements, All reports show poorer results for the quarter and nine months, except Scott Paper, which recorded a mfi gain in share returns for the nine- month period. Dividend omissions were announced by Art Metal Works and Chain & General Equities. yper—World production of copper m“&pmm totaled 151,005 tons, largest any month this year since Jan- August output was 149,843 tons {nr ago 174,135 tons. ber _was Elec- trical equipment—Mining and indus- trial electric locomotives shipped during third quarter by nine firms, or prac- tically entire industry, numbered 114, yalued at $5,319,202, vs. 141, valued at $677,749, In preceding quarter, and 216, valued at $1,516397, in 1820 period. Mining and smelting production of silver companies representing about 87 per cent of world's output amounted to 16,513,000 fine ounces in July, latesy month for which figures are available. In June total was 18,607,000 ounces and in Julv, 1929, 21,657,000 ounces. Sep- tember production in United States was !.1‘11.::0,‘0;10:;&: VS, :,us,o"nomin lA'w_um and 4,634, r atural Produstion nataral -g‘-': in 1929 totaled 1,917,693,000,000 cubic feet, increase 22 per cent over 1928 and about 30 per cent above 1927, Average annual increase m 10 years was 10 per cent. Rail- -Interstate Commerce Commission orders reopening for further hearing the Great Northern-Northern Pacific merger case. Petitions requesting reconsidera- tion were filed by railroad commissions in 11 Btates. Steel—September sales steel sheets totaled 214,454 tons, or 58.2 per cent of eapacity of makers, vs. 148,968, or 41.8 per tent, in A A ction in ber totaled 179,928 in August. Ship- ments were 186,639 tons and 205, Unfillsd orders Oc- tons September 1. The Companies. Art Metal Works omits quarterly com- mon dividend curren due; paid ‘:5 r T B T B, e i e Creamery _ to preferred dividend lowing is today’s summary of important | against AN OPPORTUNITY LIVE DISTRIBUTER A Michigan manu- facturer ht man. its dou- e State qualifications fully; strictly eonfic dential Address Box 261-Z, Star Offics MEMBERS OF Fidelity Building & Loan Association As On Racurivinc 7 % Savings and fully participate in surplus earnings Mail coupon for infermation Fidelity Bldg. & Loan Assn. | 200 Natl. Press Bldg. Washington, D\ C. Name LR LR T . . lece Dye Wks (2).. Stores A, £2 g ] x] s g - »! FEFE qGQgeqqasqgaaa » Saaud geags i . L5838 ning (4).. Vulean Detiantng of (1) oL (3). Warren Fdy & Pipe (3] Webster Eisenlohr new) Wesson Oli & Snow (3). Weason Of] & Sn pt (4! West Penn Eles A (7. Westinghouse Afr B (1) Westingrouse B & M(5) 3 Pump A( Worthngton Pump B(6) Wrigley Wm (4). Yale & Towne (2).. Tellow Truck & Cosieh. Yellow Tr & Coseh pt. Young Spring (3)...... Toungston Sheet & T (5) Young Sh & Tu (B) stpd 1 Zenith Radto.......... :'(I n District | SAFE of a Without Loss B. Shest., 8 53 §o§eEussE8sa FINANCIAL. 3N% N g%-488 s3easelyl £etz H e - - & E=E§ ® ¥ W £14+3 (3 L §===§§;!i,r!n; H 18% 7% i % 20 120 MONEY 6% INTEREST : - - - 8&3823 -u ©% 5 | H STRAUS INVESTING CO.. SHOWS GAIN IN.NET Speelal Dispatch to The Star. August, 1930, and with $60,612 in Sep- tember, 1929. For the first nine months of this year net operating in- come was $1,026,794. After erred dividends, ¥y3z§y¥s LONG DELAY IS SEEN IN BUSINESS TURN ft P 5 Pl s 2222528 s2speed oL Roipad 3z e g= 3 i Jiaid E i i i £ e i i ik it #Sae BFeiEdes ga i i i ¥ ¥ ok -~ o ITALY.WILL CELEBRATE . FASCIST EIGHTH YEAR, Eight Big Meetings in Nation Be- sides Rome Demonstration . °™ Planned October 28. By the Assoclated Press. R N I R N r ; ?fi i th H E‘igfffi ——— The contents and material of Cambridge, land, l, i ‘England, jatl, which has PVAY 6k) NATIONAL BANK m:mg&mm»v Interest paid on savings accounts from of day deposit to day of Resources over $19,000,000 WADE H COOPER, President O LOAN HOMES and BUSINESS PROPERTY Also Funds Available for Construction Loans 1016 FERST Over a Third Century Fe National 2100 S THERE | WM. H. SAUNDERS CO., Inc. 1519 K Street N.W. MORTGAGES LET YOUR MONEY WORK, TOO Idle money -is .an economic waste—put it to work in our 6% FIRST MORTGAGES —and it will increase your in~ ¢ome without tax of thought or effort on your part. Regularly you'll receive the interest—and finally at the maturity of the mortgage the full principal. These mortgages run for a terin of years—which overcomes the necessity for frequent reinvest- May be purchased in-amounts from $250 up. ! SAUL CO. o0 L 92515t St N.W.