Evening Star Newspaper, October 20, 1930, Page 14

14 ¥¥¥ CFIN CANADIAN PRAISES AMERICAN TARIFF Sir Herbert Holt Believes New Imposts Will Aid Dominion. BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK, October 20.—“I'm de- ! lighted with the new American tariff ! act,” said Sir Herbert Holt, in discuss- ing Canadian-American business rela- tions with me. Sir Herbert is chair-} man of the Royal Bank of Canada, the largest banking institution in the Do- ‘minion. 2 “Why are you delighted with it?” I asked. “The schedules generally are higher.” “Why? Because American firms will now be forced to come to Canada and set up their own manufacturing plants, if they wish to enjoy the Canadian market,” replied Sir Herberi. “Per capita, I think we are the richest— certainly among the richest—of the na- tions of the world. We have 10,000,000 ple, whose standard of living is far Pigher than that of any other nation, with the exception of the United States. “Only this week, the officials of two | large American concerns were in Mont- real, making arrangements to erect factories across the line to handle their Canadian trade. Iet the United States raise its tariff walls! That will not hurt Canada—it will help Canada. It means more American factories and more business for Canada. That's why delighted!” : ;fl Her%:n 15 74, Irish born, and was 19 when he entered Canada. With no influenttal friends, he has become Can- ada’s richest citizen. He is interested in water power, paper, banking, steel, mining, railioads—in fact, his business has become international. His advice is eagerly sought and freely given. He believes in the tuture of Canada and is optimistic regarding present conditions Dominion. m"tlhechlnk Canada will come back first when conditions change,” he said. “In my opinion we are down on the bot- tom now, with indications pointing to a faster recovery in Canada than in ited States.” ? mgi:’nfierb!n carries his age lightly. He looks 20 years younger than the offi- cial scoreboard indicates. Crop Diversification. Sir Joseph Flavelle, another out- standing Canadian business man and banker, sees no short cut to business Kmpent . When I suggested that mil- ons ulyhusbels of Canadian barley were being sold in the West at from 5 to 10 cents above the threshing bill, remarked : h"'Y&. that's true. It's }‘;ery lflardb‘t:.n individual farmers who raise - "h‘. One farmer raised 1,500 bushels of barley this Fall and received, after pay- ing for his threshing, a check for $15.01 his year’s work. ’v:Nov ywhlt's the future of barley or wheat? For the farmer who raises bar- Jey or wheat exclusively there is little future. But, tied up with diversifica- tion, there is a glorious one. “That 1,500 bushels should not have been sold, but fed to cattle or hogs. Take corn. I can remember when it was selling for 10 cents a bushel. I remember when farmers of Towa burned their corn to get rid of it. Then they hit on the idea of feeding it, when the corn prices were low, to their live stock. Was it successful? It made Iowa the great corn belt—the finest farming sec- tion of the United States. “These are trying times—very trying times—but we must keep in mind the mistakes we have made in the past and let those “mistakes be stepping stones to future prosperity. Every wise farmer will quit the one-crop idea. All of us have learned that diversification in business pays. The farmer must rn it, too. m“c-mt'm will overcome its troubles today and be a stronger, more powerful nation in the years to come. These dark days will be looked back upon as the testing days. The strong men will survive and the weak ones will fall out.” Sir Jo-eph, 72, a strong individualist and a 1?ronm resident for 43 years, has seen many business depressions come and go. The present one will go Jjust like the others, he seys. The Canadian Bank of Commerce, of which Sir Joseph is chairman, expects to open its new $10,000,000 main office in Toronto before the end of the year. It will be the tallest building given over to banking in the British Empire. Sees Gradual Revival. Col. Willlam Procter of Cincinnati, head of the Procter & Gamble organi- zation, sees a gradual revival in busi- ness from this time on, he told his stockholders at their annual meeting. The colonel supported this position by pointing to the depletion of stocks in ‘warehouses and the fact that business for the first three months of the fiscal year beginning July 1, 1930, both in tonnzge and earnings, been in excess of last year. The Procter & Gamble Co. has a guaranteed employment policy which has as its aim the flattening out of seasonal trade. X is one of the most efficient employment plans in America. The company's workers do not carry around that “worried look,” either in business hours or after. They know they have jobs as long as they do their work. “Our plan for guaranteed employ- ment has been through a very severe test during the past seven months. It has proved entirely satisfactory from every angle,” said Mr. Procter. The company's program is going ahead as usual, preparing for future expansion of business, in both Europe and the United States It seems depression-proof. Fur Farms. “There are 5000 fur farms in the| United States and Alaska with a total investment of between $20,000.000 and $25 009 000," says the United States De:- -nt of Agriculture. During the | la -, about 80,000 silver fox skins, 1 in the United States and . were marketed. U» 1o 10 years ago there were no laws dealing with fur farming. It was # new and untried industry. Now, with certain abuses growing out of it, there | 1 has come a flood of laws in a score of States. The United States Department | of Agriculture believes that much of | this legislation ‘s too severe and that it was passed “without full considera- tion of the economic problems ln~‘I volved.” The fur farmers agree with this and insist that they should have the same rights to develop their busi- ness as are now enjoyed by cattle, swine, sheep and poultry raisers. The Department of Agriculture sums up the matter in this way: “Fur farming occupies a proper place in the general scheme of conservation The extent to which it may develop as an industry depends not only on the interest manifested by the fur farmers themselves, but on the support and en- couragement given it by conservation commissions and State Legislatures.” (Copyright. 199 by Nooth American News- paper Allinnce | . BOERSE PRICES BUOYANT. BERLIN, October 20 (4 Vietory of the gover: et I the Relehst Bat- urday night produced a pronounced 1 Aetion on (he boerse Loday, where gaine up 10 230 points on principal isues were recorded almost from the start STEEL Olfl'.flfl‘ GAIN ANCIALS (Continued From Page 1: ~Prev 1930 ~ Stock and Hizh Low Dividend Rate. 30% LouG & E (A) (1%) 106% Louls & Nash (7). 14 Ludluin Steel Mac And & ¥ (12, % AcCall Cor| Mckeespt T P(153% 24 McKesson & Rob (1), W Mckes & R pf (3%). w McLellan Stores. ..., 21x Mick Trucks (6). 1065 Macy & Co (nt3). 61 Madison Sq Gar (1) 20% Magma Coyper (3).. 10 Mandel Brothers. 24 Man Elev mod g 1d§) 463 Manhat Elev gud (7). Manbat Shirt (1).... 2 Maracaibo Ofl Exp. . olé Marine Mid (1.20).. + Marlin-Rock (15%). bl Marmon Motor Car. . S0 Marshall Kield (23%) 3 Martin Parry. 32% Matnieson Al 83 May Dept Str “ Maytag Co (1) 19% Maytas Co pt (3). ( MengelCo2)...... 231 Metro-Gold pf(1.80). 18% Mexican Seavoary % Miami Copper. 41t Michigan st ¢ 18 Mid-Cont L'et (2). 6% Minn Moline Pow. 19% Midland Steel (3) .. 6o MinnMoline pt (6%). % Minn & St Louis 261 30 Kan & Tex (3)..o Mo ban & Tex pf A7) Dilssuur) PACINC. ouae Missours e bf 48). Mohawk Carpet, Mousante Ch (gl Z1% Montgum Ward () 3 Moun Motors % Motner Lode (20c). . 29 Motor Products (2). 15% Motor Wheel ()00 s Muliins Mig. . i 35t Mullins Mig pt (1). . Yn Murray (B)iz% stk) 35 Myer (FE) & Br(2). 29% Nash Motors (4) “in NatAcme (1%). 4% Nat Belia Hess : 71 Nat Biscult (13.30).. 30 NaiCash Lteg A (14) 40% Nat Dairy (32)..e.ee 10 Nat Dept Stores (1). 17% Nat Enam & Stamp. . 116 Nat Lead (18).cu0sen Nat Lead of (A) (7). 30ix Nat Fow & Lt (1), 113 Nat Radlator 46 Nat Steel (2) ¥5% Nat Supply (6).. 1062 Nat Supply pf (7 64 Nat Surety (5) 164 Nau Tea (1). 14l Neisner Bros (1.60).. ada Copper (1). vton Steel Y Alrbrake (3.60). Y Central (8)..... Chi& St L (6)... N Y Ch & St L pt (6). N Y Invest (1.20).... ¥ & Harlem (5)... ¥ N H & Hart (6).. N Y NH&Hpt (D)., N ¥ Ont & Western. . N Yo Rallw 2 N Y Steam pf(6) 6% Norfolk & Southern.. 212% Norf & W rn (10) 83 Norf & West pf (4)..200s 5% North Am Aviation.. 17 £0% Nor Am (bl0%stk).. 87 51 North Amer pf (3) 1 100% North Am Eapf «6). 1 85% Northern Central (4) 10s 55% Northern Pacific (5). 22 Ohto 011 Co (2) 8 Oliver Farm Eq 2% Omnibus Corp. .. 29% Oppenheim Col (3) 55 OusElevn (2%).... 16% Otis Steel (2 e 37 Owens 111 Glass (3).. 10 Pacific Coast 2d pf... 208 47% Pacific Gas & EI (2).. 32 64 Pacific Lighting (3). 1 18% Pacific Mills. .. 1008 129% Pacific Tel & Tel 116% Pac Tel & Tel pf (6). 9% Packard Motor (1) 47% Pan-Am Petrol (B), 34 Panhandle P& R 46% Param'nt Publix (4) Park & Tilford 12 2) 105 5 4% Parmelee Tran (60¢) 2% Pathe Exchange. ..., 5 Pathe Exchange (A). 9% Patino Mines. . 2644 Penick & Ford (1)... 85% Penney (JC) (3) .. 4 Penn Dixie Cement. . 647 Penna RR (4)...... 212 People’s Gas Ch (8 94% Pere Marg pr pf (5). 11 Petrol Corp (13%). 26 Phelps Dodge (3).... 50% PhilaCo 6% of (3).. 102 Phila Co pf new(6).. 11% Phila Read C&1.... &% Philip Morris&Co(1) 21 Phillips Petrol (n2). % Plerce Ofl........ 2% Plerce Petrolm(10c). 27 Pillsbury Flour (2).. 3715 Pirelll Italy (a3.14). 934 Pitts Steel pf (7).... 1 9% Pittsburgh Unit Corg 18 Poor &Co (B) (2)... 4 PRAmTob(B). 68 Postal Tel & C pf (7) 22 Prairie Oll & Gas (2) 27'4 Prairie Pipe L (15).. 41 Pressed Steel Car. .. 52% Proct & Gamb (2.40). 4'x Prod & Refiners. .... 25% Prod & Refiners pf 80% PubSvNJ (3.40), 106'z PubSv N J pf (6)... 4121 PubSvNJIDH(T).... 143 PubSv NJ pf (8). 107% Pub Sv E & G pf (6. 55% Pullman Corp (4). 15% Pure Ofl (1%). 106 Pure O1l pf (8) 52 Purity Bakerle 20% RadioCorp. ....... 54% Rad.o Corp (B) (5).. 174 Radio-Keith-Orpn A. 19% Raybestos Man 2 60. 94 Reading Rwy (4). 18 Rem Rand (1.60).... 95 Rem-Rand 2d pf (8). 84 Keo Motor Car (80c). 18 Republic Steel 3 607 Republic Steel p! 14 Reynolds Metals (2). 2 Reynolds Spring.... 70 Reynolds Tob A (3). 44 Reynolds Tob B (3). 33% Rhine W EI P (2.16). 74 Richfield Oil (new).. 85 Rio Grande Oil. v 21 Rossia Insur (2.20).. 43 Royal Dutcha3.2165. 57% Safeway Stores (5).. 49 St Joseph Lead (13). 6414 St L-San Fran (8)... 1 28 20s 8 25 4 6 1 508 29 3). Sales— Add 00. High. Lot B0% 1124 So 17% (7).160s 129'; 508 127% 9% THE EVENING STAR, WASHINGTON, D. €., MONDAY, OCTOBER 20, 1930. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. ~Prev.1930~ High Low. 45 831 15% an 35 1% 3 48% 4% 1% 4% 11 26% 10 83 T 11 13% 106 19 20 114 48 104 68% 92 1% 3 1 10% 4 154 117 2% 61% 3% 518 19 54t 26 21 17% 54 24 50 § 102% 32% 1% T4 814 5% 15% 8le 417 481 6 13% 16% 234 102 i 6'% 27 15 51 30 10 8 49% 2% T 16 8 26% 89% 22% 8 65 9% 59 28% 192% 82% 254 324 54'% 35 281 97 22 4% 8% 9 27% 581 6 9 6814 18% 32 11 21% 17% 42 5914 122% 19% 30 2% 20 1% 46% 7 2% 18% 101 44 85 21% 24% 20 21% 4% 164% 36 7 3214 23% 4% 50% 97% 104% 4% 14 14% 26% 133% 33 105% 17 27 36% 34 10% 4% 2% 51% 6% 88 66% 34 10% 19% 120 3% cent 2%Fald this when earnt S Plus 8 per er cent 1 9’ or stock. g Plus 6 per cent in stock. h Plus in Dreferred stock. Prev. Low. Close. Close. 45% 45% 80 8315 15% 51 65 Stock and Sales— Dividend Rate. Add 00. High. St L Southwestern . 2 49 St L Southwn pf (6), 1 Savage Arms (2).... 3 Schulte Retall Strs.. 3 Schulte Retail pf (8) 560s Seaboard Alr Lin 8 Seab'd Air Line p: Sears Roebuck $2%. Second Nat Inv. Seneca Coppe! Servel Inc. Sharon Steel Hoop. Shattuck(FG) (t1%) Shell Union Of1 Shell Un Ol pf (5%). Shubert Theater: Simmons Co. . Simms Petrol (1.60). Sinelair Con Of1 (2). Sinelair Ol pf (8)... Skelly O11 (2)... Sloss Sheffield Steel. Sou'P Ric Sug (1.40). Southern Cal Ed (2). Southern Pacific (6). Southern Rwy (8) Spang-Chal pt (6 Sparks Withing (1). Spear & Co pf (7). Spicer Mfg. . Stand Brands (1%) Stand Brands pf (7). Stand G & B (3%)... Stand G & E pf (4) Stand Invest Corp. .. Stand O of Cal (2%). Stand Ol1 of Kan (2) Stand Ol of NJ (+2) Stand OII N Y (1.60). Starrett (L 8) (12%) Sterling Sec (A).... Stewart-Warner (2). Stone & Webster (4). Studebaker Corp (3) Sun Of1 (11). Sun O11 pf (6) Superheater ( Superior O1l. Superior Steel. g Sweets of Amer (1).. Symington (A)...... Telautograph (11.40) Tenn Cop & Ch (1)... Texas Corp (3).... Tex Gulf Sulph (4) Texas PC & Oll. Texas Pac Land Tr.. Thatcher Mfg (1.60). The Fair (2.40) ¢ Tne Fair pf (1) Thermold Ci Third Avenue. . ‘Thompson (J R) (3). ‘Thompson Pr (2.40).. Thompson Starrett. . Thomp-Star pf (334) Tide Water As (60c) Timken Det Ax (80c) Timken Roller (3)... Tobacco Products. Tob Prod (A) (80c! Transamerica (1) Transue &W (1). Trico Prod (2%)., Tri-Cont Corp. ... .. Tri-Cont Corp pf (6). Truscon St1 (g1.20).., Twin City R Tr (§4). Und-Ell-Fischer (3). Unlfon Bag & Paper. . Union Carbide (2.60) Union Ofl of Cal (32) Unlon Pacific (10). Union Pacific pf (4). Un Tank Car (1.60).. Utd Afreraft.... Utd Afreraft pf (3).. Utd Biscult (160)... 2% 3 49'% 5% 118 - PIETOL I Or e 8.2 pa REREN S pE RS T~ Utd Fruit (4).. Utd Gas & Im (1.20). Utd Gas & Im pf (5). Utd Piece Dye W (2) Utd Stores (A) U S Distributin; U S & For Secu: U S Freight (3) U S Ind Alcohol U S Leather. .... U S Leather (A). . U S Leath prpf ()., 'S Plpe & F (2).. ,° U S Realty&Imp(3).. U S Rubber.... U S Rubber 1st pf. U S Smelt & Ref (1).. U S Smelt Ref pf 3% U S Tobacco (4) U S Tobacco pt (7) Univ Leaf Tob (3) Univ Pic 18t pf (8 Univ Pipe & Rad. Util Pow & Lt A (e Vadasco Sales Corp. . "anadium Corp (3).. Van Raalte. Va-Car Chem. : Va-Car Chem 6% pt. Va El & Pow pf (6)..120s Vulcan Det (4)......370s Vulcan Det pf (7)... 50s Wabash ecnoas Waldorf Systm (13%) Walworth Co (2) Ward Baking (A) Ward Baking (B). .. Warner Bros Pict. War Br P pf (2.20).. Warner Quinlan..... Warren Bros (3).. Warren Fdy & P (2). ‘Webster Eisen(new) Wess O & Sn pf (4) West Penn El pf (6). 50s West Penn Pw pf (6) 70s Western Daliry (B) 1 Western Md. ... Western Md 2d pt Western Pacific p: Western Union (8) Westingh'se A B (2). Westing E & M (5) West E& M pt (5). White Motors (2). ... Wh Rock M S (14%). White SewingMach. . Wilcox Oil & Gas Willys-Overland Wilson & Co Woolworth 12.40). ... Worthington Pump. . Worth Pump (A) (7) Wrigley (Wm) (4).. Yale & Towne (2). Yellow Truck..... Youngs Spring (3).. Ygstwn S&T ctfs(5). Zenith Radio o 35% 123 207 120 4% 35% 12 20% 120 P 35% 1n o mrnis mnaleEanea 19% 120 % Sales of Stocks on New York Exchange 10:30 A.M. 1:30 P.M Dividend rates as given in the above table cash paymen t quart ons. $0nit of traiing less 0t 1o stock. §Pa; 390.100 1 399,000 12:00 Noon. 2:10 P.M. 1 093,100 1,722 100 o the annual or half yearly declara- 1Partly extra. iPlus ¢ lus 9 per cent in, ¢ tPlus 10 per cent in 2 cent In stock. cent in stock. k Plus 3 per cent in stock. m Plus 1 D Plus § per cent In stock p Plus 50e cents tn T Bubject to sporoval of stockholders. ts based on the lates ‘terly than 100 shares. vaple in scrip. {Pl regular rate. b Payable in cash ar—no 7 abl tock. Butter—One-pound prints, 43a44; tub, 411,242 Eggs—Hennery, 40; current receipts, 30a32. Poultry, alive—Turkeys, young, 35a Bpring chickens, la:ge, 36. old, 28a30; 27a28; small, 25a26; Leghorns, 24a2! 24a25; 14a15; large, 50a60; small, Turkeys, young, 38a40; Spring chickens, large, 33; L 28a3 Leghorn fowls, ducks, . roosters, 19a20. Meats, fresh killed —Beef, 18a23; veal, 18423, lamb, 20023; 3 fresh hams, 24; . 20, Smoked meats—Hams, 25, shoulders, 18. bacon, 27 Lard, in bulk, 14; in| packages, 151, Live stock -Calves, 12, lambs, 8. 200, on h | California, §00a | 0084 00, 24a2¢ Fruits - Honeydew, H0n6 Arst hall of HOAGO. Oetober 30 (%~ The LU pration s sieel pro- ne sleadily sinee n " r.h wap i m.mdl your wo fne IR 3.50a3.75; 3. squash, bunches, 4.00; 1.00 el. o California Canad; 1. 4. Idaho bakers, 100 eggplant, 1.25; lima beans, ; string beans, 1.00a1.25; peas, 3. carrots, per 00; beets, per 100 bunches, okra, 1.50; spinach, 1.00; kale, 75a ; cucumbers, 3.00; cauliflower, 1.50a EX parsnips, 1.50; mushrooms, 1.00; cabbage, per 100 pounds, $1.50. 00a1.25; SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co) - Co, s 1937. & Tel. Blas cking Co, b Accep. B Bl foe e $ 4 v, ba ind? pounds, 00a ] PESETA STRONGER. MADRID, October 20 (#).—The Peseta banks 100 | improved further toda: dollar, compared to the low mark of .50 reached last week. Authorities believed the betterment was due to the lessening of strike agi- of the political situation, plus efforts by the government to prevent speculation. PARIS BOURSE PRICES. PARIS, October 20 (A).—Price changes were irregular on the Bourse today. Three per_cent Tentes, 87 francs 25 centimes. Five per cent loan, 101 francs 70 centimes. Exchange on London, 123 francs 8414 centimes. ‘The dollar was quoted at 25 francs 47's centimes. Offer, Voting Arrangements Made. All voting employes of naval estab- lishments will be granted time off dur- ing working hours to vote in National elections on November ided the {polls are not open sufficient time fore or after working hours . SILVER QUOTATIONS. October 30 (4. Bar NEW sliver, 38 4 { Washington Gas 6s tation over the country and the quieting | &, IBOND PRICES MOVE | IN NARROW RANGE More Cheerful Foreign Re- ports Fail to Have Effect on Market. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, October 20.—Bond trading had a listless aspect today, with price fluctuations about evenly divided ebove and below Saturday's closing range. The cheerful reports that came from abroad in the form of Chancellor Bruening's victory in the Reichstag, and | those at home from the renewed strength of stocks were offset to a large degree by a moderately large vol- ume of selling orders resulting from last week's developments. Money was unchanged. Volume was much below that of the later sessions of last week. German bonds, which might have been expected to respond emphatically to a vote of confidence in the Breun- ing government, since it was lack of cofidence in its ability to hold power that was the most recent cause of their declines, firmed up only narrowly today. German government 5!5s gained 115 points, reparations 7s gained > and German Central Bank 6s and Rhine- land Westphalia Electric 6s advanced a point. But many other German issues, like Deutsche Bank 6s, were only higher by a small fraction, and there were de- clines in Bavaria 615s, Berlin 612s and United Steel Works “A” 615s. ‘There was no great rush of orders at the opening, but initial trading re- vealed a preponderance of selling orders under which the prices of Brazilians, other South Americans and second and thrid grade domestic issues fell from fractions to 3 points. Brazilians were weak with reports of rebel successes, the only exceptions being Brazil 8s, up 1, and Sao Paulo 7s (1940), up a small fraction. Rio de Janeiro 8s, Brazil 62s, Sao Paulo 6s_and Brazil 7s turned down- ward. Other South Americans ad- versely affected were Chile 6s, Bolivia 7s and 8s, Cundin Marca 612s, Buenos Alres 6s and Santa Fe 7s. In the high-grade section, Liberty, issues had strength and there were frac- | ticnal improvements in Great Northern 7s, Inland Steel 4:s and American & Foreign Power 5s. Washington Stock Exchange SALES. —$1,000 at 103Y,, $200 at 1021 Potomac Electric 6% pfd.—10 at 11134 Washington Gas Light—20 at 123, Federal-American Co. pfd.—6 at 9815, Merchants' Transfer & Storage pfd.— 10 at 91. i Mergenthaler Linotype—10 at '90%, 10 at 903, 4 at 9012, 10 at 90%, 10 at 901, Peoples Drug Stores ptd.—10 at 1007 AFTER CALL. Capital Tracticn Co.—4 at 51. Potomac Electric Cons. 55—$1,000 at m‘,‘éi‘ National Bank—10 at 450. Bid and Asked Prices. BONDS. PUBLIC UTILIT Amer. Tel. & Telga. 4148 '3t Amer. Tel, & Telga. 4'2s '3 Am. Tel. & Tel. ctl. tr. 8s. Anacostia & Pot. R. R! 8s Anacostia & Pot. & . & P. Tel. of 5. Capital Traction R. R. 55 City & Suburban 55 Georgetown Gas 1st Potomac Elec cons. Potomac Eiec. 65 1953, .00 " & Vernon ctf. ‘Annap. 55. 55 6 s A 6s. B & Elec 4s... MISCELLANEOUS. Barber & Ross, Inc.. 0%as...... Chevy Chase Club 5%as. er Mfg. 6s. . PUBLIC UTILITY. & Tel. (9)..... ction ‘Co. Light Co. 1. com. & Ei pt L NATIONAL BANK. a4)... 2 Wash. Rwy. Wash. R¥y. ital District (8).... ... Federal-American (10). « nd (9. . G Washington (i3) g TRUST COMPANY. Amer. Security & Trust Co. (15) Continental Trust (6)........... 120 Merchants’ Bank & Trust (6).. Natl. Savings & Trust (12t).... 475 Prince Georges Bank & Trust Union Trust (8% TR Washington Loan & Trust (i4) SAVINGS BANK. Bank ot Bethesda (63 Commerce & Saving: B (16} Wash, Mechanics (20). E FIRE INSURANCE. American (12) £ Corcoran_(10) Firemen's (8) National Union (15). i TITLE INSURANCE. Columbia (6h). . Real Estate (6). Title & Inv. Co. Md. com: MISCELLANEOU . C. Paper MI, Dist. Natl. Sec. mer. Bromo-Selz, Federal Storage pid . Ref. & Wh. Co The, Carpel Corp. W, Mech, Mtge, com. ¢ Wash. Med. Bldg. Corp Woodward & Lothrop p *Ex dividend. B Books closed. n25c extra. 130c ext §1% ext ell% exti DIVIDENDS. DECLARED NEW YORK, October 20 (#).— Regular. Pe- Pay- Rate.riod. able. .75¢ Q Nov. 15 Hldrs. of Company. P Rec Merchants' Ref pf Monarch Kn Ltd pf.$175 New Amster Cas... .. 50c Northwest Ut 7% bf.¥1.78 fie Fin ot A 0c pf D Pow & Lt bl vesting A 0¢ G & Coke of 417 1y LT n e rand Corp Ine oatehest g estons (0 Lid ol 01 Extra. LA e neal "Wle e B0 RO Omitted Pedies Lake Shoe =% M e FTUANCTIALS (oo e BONDS o) TRADE GANSEEN Received by Private Wire UNITED STATES. (Sales in $1.000.) Bales. High. Low. Close. Lib3%s..... 18 1017 1015 1015 Lib 1st 4% 11 10217 10214 102 14 Lib 4th 4%s, 177 10315 10310 10318 US3%s'47., 4 10215 10210 10211 US4, 28 10824 10821 10824 FOREIGN. Sales. High. Low. Close. Argentine5%s'62. 2 86 86 6 Argentine 6s Ju 69 2 9 Argentine 6s Oc '59 Australia 55 '65 Australla 6s ‘57 Austria 7843 Bk of Chile 6% s ‘61 Ratav Pet 4355 '42. Belgium 68 '55. Belgium 6% ‘4 Belgium 78’55 Belgium 7s°56 Belgium 8s *41 Bolivia 78 ctfs’ Brazil 648 Brazil 7s Rrazil 8541 Bremen 7s '35 Canada 6s'31. Canada 55 52, Chile 65 '60. Chile fis '61. Chile Tw*42. .. Colombia_6s Jan 6 Con Pow Japan 7s. Copenhag 4% Czecho 98" Dan Mun 8s A *46. Dan Mun 8 B "46. Denmark 4% s 6: Denmark 518 '5 Denmark 6s'42. Dutch East I 6s Dutch East I 6s '62. Flat s ex war "48 Finland 514s ‘58 Finland 6s '45 Kinlanc 7850 Fram [DT%s IFrench 7s *49 French Gvt 7% Gelsenkirchen 6334 German 518 "65. .. German Bank 6s ‘38 German 6%s'50. .. German Tsrep ‘49, Ger Gen E1 7s 45 Greek 6563 Haitl 63’52, Hol-Am ss f 63 Hungary 7i4s Irish Free St 53 120% 125% Ttaly Pub Sv 78 Japanese 4s ‘3 Japanese 5145 Tapanese 614 Jugosl Bank 7s '57. Karstadt 6s *43 Kreug & Toll Lyons 6s ‘34 Marseille 8s Milan 618 ‘52 Monteviden 7s '52 Netherlands 6s *72, ew So Wales*57. . w So Wales ‘58 Norway 51 '65 Norway 53’63 orwav 6s *43 Norway 6s"44. . Norway 6s 52 Orent dev 638 '58. Orlent dev 6 Paris-Ly M 6 Paris-Ly M 7s '58 Peru 6s '60 Peru 65’61 Peru 7s '59 Pirelli 7s. Poland 6s°40. Poland 7s *47. ©oland 85 °50.. . Queenland 7s*41.. Rhinelbe Rhine West 7s '50. . Rio de Tan 648 '53. Rio de Jan 8s *46. . R Gr De Sul 65°68. R Gr De Suls '46. Rome 63852, Roy D 4s'45 ww Sao Paulo 8s '50 Saxon 7 Seine 7; - Serbs-Cr S1 7 °62. ., Serbs-Cr-S] 8 '62. Soissons 6s °36. ... Sweden 518°54. .. Swiss 515846 & Swiss Confed 8s ‘40 Toho EI Pow 6s *32 Toho El Pow 78 *55. Tekio 5s '52 Toklo 5%s Utd King 6% 837, Uruguay 6s '60. Uruguay 8s'46. Vienna 6s ‘52 Warsaw 7s 97% 8014 9% 105% 85% 100 85% 62% 5% MISCELLANEOUS. AbItBI P& P5s'83 6 75 73% Ab & St 54543 1001 Ajax Rubber 8s. Allegheny Alleghany 5! Allis-Chalm 5s '37. Am Int Cor 5% 8 '49 Am Metal 6%s Am S&R 1st 58 *47. Am Sug Ref 65°37, Am T&T cv 43%8'39 Am T&T 6s'65.... Am T&T c tr §s Am T&T 5s s '60 Arm&Co4%s8'39, 4 Arm Del 5%s'43... 6 Bell Tel Pa 68 B 48 16 107 Bell Tel Pa6sC'60 5 1111 Beth St rf 63 42 8 Beth St pm 63 °36.. 12 Cert-td deb 6% s 48 11 Chile Cop db 5s 47, Colon Ol 6s *38, Col G&E bs May 53 18 Com Invest 53849 48 Com Invest 63 ‘48 106% 111% Denver Gas 5s'51. De Edison 5s "4 . Det Edrf 6sB'40.. 9 Dodge Brcol *40... 14 Duquesne 43%s '67. Gen Cable 538 Gen Motors 6 ‘37.. 58 Gen PSv51s°39. . Gen St Cas 515549 Gen Thea Eq 6340 1 Good 15t 6148 47 Goody’r Rub b Humble Ofl & Hum O&R 6% s MBTIistpf6sA. Inland Steel 4145'78 14 Int Hydro El 6: Int Cement §s Int Match 6s "47. InM M col tr 6s 41 Int Pap bs A "47. Int Pap 6s ‘65 Int T&T cv 4% Int T & T 68’65 Kan C P&L 63 A Kan Gas&E ¢ % Laclede 6%s C '63. 4 102% 104 . 106% 84 102% 1057% 102% 105% 102% 105% 97 105 954 10474 Direct to The Star Office Sales High. Low. Close NorOT & L 6s°47. 8 1064 1064 106% Nor St Pow 68 A ‘41 1 103 103% 103% Nor St Pow 6s B'41 1 105% 105% 105% PacG & EI 16 102% 102% 102% Pac T&T ref 106% 106% 106% 102% 102% 102% 9By 9T 9TH% 105% 105% 105% 101% 92 934 Pos Te! & C 68 '53. . Pressed St C Pure Oll 535 37 Rem R'd 5% 8 A "47 Richfi'd O cal 63 *44 sB Sincl O Ts cv A '37. Sinel Cr O 6s '38. Sinclair P L & Skelly Ol 5 %, Solvay Am bs So P R Sug 7s°41.. Sou Bell T&T 58 '41 StOII N J 68 "46. StOfI N Y 4%s'51. Tenn Cop 68 B '44.. Tenn EI P 68 A *47. Tex Corp cv bs "44 14 ‘Trans Ofl 6348 '3 Utd Drug e U S Rublst b: Utah P& L 5s'44.. Walworth 6s A *45. Warn Br Pic 6s '39 Warn Quin 68°29. . Warner Sug 78 "41. West E) deb 5s "44. WEOL%s'3T ww. Wh Sew Mch 6s *40 Wick Spen 1st 7s" Wil & Co 1% 41. 3 YouSt& T55'78.. 3 103 RAILROAD. Ann Arbor 48 52 g Ateh’on 48 1905. Atchison gen 4 Atch'on ev 414 Atch Ariz 4158 62.. At& Danv 4s48... AtC L 1st 4s'52... AtCLcol 48'52... B&O 4s"48 7 87 102% 102% 16 99 99 10 2 6 48 40 94% 9% 85% 86 4 101% 101% 4 102% 102% 101% 101% 100% 100'% 941 941 9915 994 103 108 105 105 103 104 99% 99% 99t 994 105% 105% 101% 101% 109% 109% 97 6915 691 101 101 85 85 8% 82 6915 691 1041 104% 104% 104% 103 103 L 4 5 1 5 15 11 6 3 1 1 11 109% 98 697 101 85 8214 6914 104% 1047 108 102% 103 875 968, 9614 121% 123 1031 103% 50% 504 95% 954 9215 9214 96% 967 98l 98K 4101 101 10214 102% 104 104 i 1081% 1081 103 103 /8 88Y 91 91 100% 101 G 102t 102t 3 Sy 87% 6% 9714 3 1031 2 504 95% 9244 97% 0 Swn dy 53 '50 B & O Toledo 45 '50 Ban & Aroos 4s ‘51, Bos & Me 53 1955, Bos & Me 68 °67. Tth Av 5543 Brooklyn Elec 8s. Bklyn Man 6s ‘68 . BKklvn Un 1=t 5s ‘50 Bklyn Un E! 58 '50. 70% 9 91" 911 103% 104 Can Nat 43854 Can Nat 418 'F7 “an Nat 4148 *6% Can Nat 414570 Can Nat s Oct *69. Can Nor 7s deh 40 Can South 5= °62 Can Pacific a Can Pac 4% Can Pacifie 5554 .. Can Pacific 4%48'60 Car Clin & O 55'38. Cent Pacific 5s 60. 99% 99 991, 991 100 100 105 105 104% 105 111% 117% 108'5 1081 89 89 1007 1007% 104 104 9 98% 99 2 1021 1021 102% 3 104% 104% 104% 31 100% 100 100% 103% 103% 01 101 101 101% 4 104% 104% 70 70% 981 98y ‘95, C & O con 5529, Chi & Alt 3, CB&Qrgenis's CR&Q 1strf 53’71, C B&Q 111 dv 4549, Ch & East [11 5= 51 h Gr West 4= *69. Ch In & L gn 6 CaM&StP Ch M&StP4Ys Ch M St P&P 58 75. 23 Ch M & St P ad) 6s.143 Ch & NW 41482037 22 Ch & NW con 4%ws. 21 Ch R I&P gn 4s°'88 15 9% 62 10415 104" CCC&StLdb4%s 1 100% 100‘/: 103!2 CCC&St L 4% (E) 12 101% 101% 101% CU Ter 4155 2020.. 12 102% 1021 102% Clev Term 58'73... 1 106% 1067 106% CI ;’E 1: ;sl 110% 110% 1% 101 Colo Sou 4%s'80.., 10 98% 98:: ‘gx‘!:: Con Ry 4%sst’51.. 2 9915 9915 9915 Cuba Nor 5%s'42.. 1 45 45 45 Del & Hud rf 4543 21 96% 3 101% 1 105% 961 965 101% 101% 105% 1051 100% 100% ki 81 1071 107% 874 88 813 81% 891, 891 894 89 35% 36 111 1 100% 100% 984 984 987% 987% 110% 110% 11 111 101 101 T8% 9% 99% 99% 89 89 9915 99% 111%_111% 103 0 Del & Hud 534837, D&RGr4%s'a6.. 1 100% Den&R G W 5555, 78 81 E Tenn Va&Ga 5 6 107% Erfe 1st con 45 °96. Erle Gen 4s Erfe 53 1975 Fla E Coast 55 °74. Gr Trunk 7840, Gr Nor 41%s°'76 Gr Nor 4%8'77 (E) Grt Nor 1st s 2 98% Gr Norgn 5%s’52. 3 110% Gr Ner gen 7s°36.. 43 111% Hock Val 434s°99.. 1 101 Hud & M adj 68’57, 16 80 Hud & M rf5s'67.. 6 100 111 Cent 45 '53 5 89 IMCent 4%s'66... 23 99% 111 Cent 6% '36. 8 111% 111 CCStL&N 5 A.. Int Rap Tr 5s 66 Int Rap Tr sta .12 Int Rap Tr7s ‘32 Int & Gr Nor 6s 5. Int &G Nad Int RysC A 5 Kan CFS&M 4s'; Kan City Sou 3550 1 8014 Kan City Sou §s°50 3 101% Lake Shore 45 °31.. 25 100% Leh Valcv 482003, 11 92% Long Isl rf 4s ‘49 L & N uni 4s°40. L &N 434852003, 1101% Manh Ry 1st 45°90. 12 52 Mil E Ry & L 58 '51 M StP&SSM bs gtd. M StP&SSM 6%s. . MK & T 1st 45 "9/ MK&T4sB 62 MK & T adj b: MK&TprinbsA. Mo Pac gen 4s'75 Mo Pacific 5 A 65, Mo Pacific 5s F *77. 75 100% Mo Pacific 55 G *78. 10 100 Mo Pacific 5s H ‘80 22 100 MoPac5¥%sev'4d. 1 104 NCh&StL4 Nassau Elec 45 '51. NOT& M5s A '3 8 111 1 100% 4 98% 2 2. 5 2.152 t.. 4 3 80 80 101% 101% 100% 1001 923, 928 951 951 981 981 101% 101% 51% 52 105% 105% 99 99 101% 101% 89% 89% 93% 9314 97 104% 104% 6 6% 100 100 99% 100% 997 100 99% 100 104 104 96 96 3 96 2 65% 554 55% 100% 100 1015 101% 107% 107% 105% 105% 99% 994 100% 100 94 94% 106'% 106% 108 108 102 102 864 864 85% 85% 961 964 119% 4 5 101% 5 107% 1 105% 40 95 NYC&StL6%sA 8 107 NYC&StL5%sB 5 108 N L6s'32. 5 102 1 NY NH&H cv db 6s 29 ‘4 5 19 4415 Laclede 518 D '60. Lautaro Nit 6s ‘64. Lig & Myers bs Lig & Myers 73 Loew's 63 war * Loew's Lorillard 68 '61 Lorillard 6% Lortllard 78 ‘44 Man 8 18t 7% MeCormack & Midvale 8 104% 6218 104 314 12816 1120y 100 8214 921y 1064 a3 101 1014 1088 1088, " "y 18y 1084 1084 08% 1088 III 963 681 954 101% 101% 1051 10515 [REINSTEN 101% 101% okl 99 110 110 1044 1044 10 110 BN RN LA 0% 110w »” ey, iy My " 1048 ' 101 1014 1014 10 108 n“ INRICHMOND AREA Government Survey Indi- cates Marked Pickup in Construction of Homes. By the Associated Press. October 20.—The general level of business activity in Au- gust was slightly below the levels reached in July, and continued at low levels through September and October, the United States Department of Agri- cuiture October review of “business conditions,” released here said. The review pointed out that there was some improvement in certain lines of activity during September, but it fi;oved to be less than seasonal for most es. - “Present business recession has now been in progress about 15 months,” the review said, “and such ns usual- ly continue 12 to 18 months. Indications of Improvement. “This, together with low prices of raw materials, easy money and decreased inventories on the part of retail stores suggest that the downward trend in bugmeu activity may be nearing the end. “Some positive indications of improve- ment are noted in machine-tool orders in the textile and show trades and in residential construction. As the gen- erally Jow business activity here and abroad has depressed farm prices great- ly In the past several months, so any material improvement in bus lead to stronger demand for farm prod- ucts and better prices to producers. “The Federal Resesve Board's index of production for August was 92, com- pared with 94 in July, and wds 28 cent below the peak ofr June, 1929, Bureau of Labor Statistics index of em- ployment (1926-100) declined from 82 in July to 80 in August, and the in of pay rolls declined from 76 to 74 dur- ing the same period. Declines in the indexes of employ- ment and pay rolls in the iron and steel, automobile, agricultural implements and tobacco industries were much greater than for all industries combined, while in the textile, leather and ship bulld- ing industries some increases in em- ployment and pay rolls were shown. The usual trend of both employment and pn}; rol's is upward from July to Au- gust. “The daily average of building con- tracts awarded during September, when seasonally adjusted, was slightly below the average for August, but was char- acterized by a marked improvement in residential construction. Freight Car Loadings. “Freight car loadi during Sep- tember, when ndj\u;‘d‘ for seasonal trend, were about 7 per cent below Au- gust and 21 per cent below a Yur 2go. Electric power production was less than the usual seasonal increase during Sep- tember. ~Automobile production de- clined about 3 per cent from A to Septamber, but the decline was than usual at this time of the year. Pig 1;m produtctblgln InAseptanbzr was over 7 per cenf low August and steel ingot production, with seasonal - ment, was 9.5 per cent below A and the lowest since July, 1924.” Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md. — Poultry, thcmcxm?,c whs“mnm” . und, 20a26; Leghorns, 15a22; old ens, 17a25; Leghorns, 13a16; ;g:g; ducks, 13a18; guinea fowls, each, Eggs—Receipts, 2,614 cases: !‘lésm;outagz: %;l:n white nn:u:g{ ; Southern ts, 28a30; ceipts, 28a30. s Butter—Good to fancy pound, 34a42; ladles, 28a30; 28; process, 33a35; o Vegetable Prices. toes—White, 100 ., 1.5082.00; bbl., 2.50a3.00; sweet pm’bt;u.lbbl., 3?000 22.75; yams, bbl, 2.75a3.00; hamper,” 75a50; beets, 100, 3.0084.00; cabbage, ton, 15.00a20.00; carrots, 100, 2.0024.00; caulifiower, crate, 1.00a2.00: celery, crate, 1.00a1.50; corn, doz., 158 45; eggplant, hamper, 40a75; lettuce, crate, 3.0023.50; lima beans, hamper, 1.00a1.25; %eppera. hamper, 25a50; spin- ach, bu., 25a90; tomatoes, hamper, 25a stock, bu., 25a50; apples, cantaloupes, crate, 1.00a 1.75; damsons, bu., 1.75a2.00; grapes, basket, 45a60; peaches, bu., 2.50a2.75; pears, bu., 90a1.75. Hay and Grain. 75; packing bu., 65al.75; 97a98; cob corn, 5.00a5.25. Rye—Nearby, 60a65. Oats—White, No. 2, new, 46; No. 3, 45. Hay—Receipts, 12 tons. General hay market strengthening. Drought has seri- ously curtailed nearby crops, changing the entire situation. Sections heretofore shipping are now asking for offers of hay. Good clover mixed and timothy new hay will bring from 24.00 to 28.00 e eat straw, No. 1, per , 9. }g% oats straw, No. 'l,p;er ":.;I :& Live Stock Market. Cattle—Receipts, 500 head; ligh - ply; market stronger. et Steers—Choice to prime, none; good to_choice, 8.00 to 9.25; medium to good, 6.50 to 8.00; fair to medium, 550 to 6.50; plain to fair, 5.00 to 5.50; com- muBn ]fio pl!ll‘n.i 4.50 to 5.00. ulls—Choice to prime, none; good to choice, 550 to 5.75; medium to good, 5.25 to 5.50; fair to medium, 4.75 to 5.25; plain to fair, 4.24 to 4.75; com- mon to plain, 3.75 to 4.25. Calves—Receipts, 600 head; fair sup- Il,gy(;() market steady. Calves, 5.00 to — Sales. High. Low. Close. RTAr&L4%s'34 12 101 100% 101 Rutland Ry 4%s'41 3 9215 921 92% StLIrM'at6s°31.. 2 100% 100% 100% StL IM R&G 45°33 10 100 100 StL&SFin4sA.. Seab A L 4 Seab A L ev Seab All F1 6s A'35 Sou Paccol 4s 49, , Sou Pac ref 4s ‘65, Bawmoneansm Zonmn Rw vwabor 107% 107% 111% 1% 1181 118% 9 e 93 Sou Rwy 6% Sou Ry M&O 4 Term As St L 45 ‘53 Third Av ref 4s '60 Third Av 1st 68 '37, " Third Av adi bs ‘60 Tol St L & W 4s ‘50 Un Pac i1t Unton P ! Un Pac rf 4a 20 n ON u o 4% 101% 101 Unp " % 11 107% 1078 1024 108w ny 107% 102 " 10in " " 1 " o» s | My ] "o 7] " [} Vi