Evening Star Newspaper, October 24, 1930, Page 15

F CUR SHARES GAIN I AGTIVE MARKET Utilities Group Prominent in| Advance—Some Issues Depressed Further. BY JOHN A. CROWE. Special Dispatch to The Star. NEW YORK, October 24.—Power and light shares featured a rally on the Curh Exchange today. They were joined later by many sections of the list, but in virtually every group a few issues, ac- tive as well as inactive, on fractional declines touched new low prices for the year. Electric Bond & Share, after opening on a block of 6,000 shares at 53, up fractionally, moved up nearly 2 points. American & Foreign Power improved. Cities Service was active, but merely moved back and forth within a frac- tional range. Middle West Utilities, on selling said to have emanated from Chicago, dropped more than a point in the first hour, touching a bo=tom cuotation tor the -year. Later this issue, as well as some other shares dealt in actively in Chicago, registered some improvement. ‘Walgreen led the list of chain stores that dipped to fresh low prices for the year. The 8-point jump of Celanese Pparticipating preferred was a bright spot in a quiet market for textile stocks. Continental Chicago Corporation con- vertible preferred enjoyed the distinc- tion of making the first low in the in- vestment trust group. It soon was Joined by Insull Utility Investments, Inc., and National Investors. PFurther unfavorable petroleum sta- tistics, such as the Government report on the decline in gasoline consumption and further crude oil price cuts caused erratic movements of most oil issues. Indian Territory Illuminating A dropped to a new low for the year and was fol- lowed by other low-priced miscellaneous ofl shares. Copper shares showed signs of rally- ing around mid-day. This movement, which corresponded with a similar re- covery on the Stock Exchange, fol- lowed a price reduction of copper and brass products and uniform offerings of the red metal at 9> cents. Shorts covered on the theory that the meeting of world producers Here might bring about some stability of price levels. . Ford Motor Ltd., led the motor list, fractionally advancing in forenoon transactions. Traders reported this buying was based on published state- ments to the effect that all of Ford's foreign plants were busy. Tuesday aft- ernoon London cables told of price re- ductions in cars and trucks by that company. o BUYING FOR CASH NEW YORK, October 24 (Special).— There is no let-up in the amount of cash buying that is taking place and which Mmliutu a considerable portion of the daily transaction in all of the commis- sion houses. The specialists in cdd-lots say that they are losing stocks to the street_in greater amount than at any time since last November. Investors ‘who have not been in the market for over a year are buying; also th:se whe have made purchases since the Novem- ber break and are now averaging down the cost of shares bought at higher levels. TREASURY CERTIFICATES.: (Reported by J. & W. Seligman & Co.) "hfl,““m{uo 100 635~ 100953, 100 17-32 100 100 29-32 Bales in nds. 2 Aluminum Co 55 Pw, DOMESTIC BONDS. High. Low. 2104, 103% 1% 90 Noon. 10334 913 9 % 93% B3% 9ite 97 % % '56 9% 154 10244 '39 101 101 *57100% 100% 100% 2 05 95 94% 9% 0% 35 99% 6.. . 103% 1034 103% .93 92 ' 92 2INYP &L 4s 07 BNor Ind P S 55 D '¥ Sta Pow 643 60 971, 973 973 100% 1003, 100% 92in 921y 924 9712 9715 993 99% 4 0630 9674 2 10115 10115 a8 " 4 106%s 108%a 6128 A ‘60 822 82 49, 9 5 '60 '53 T 5 60 60 81 81 97 97 97 101% 101% 101% 100'2 10073 100'% 50 ° 50 © 50 NG w 8148 '38 ww uthw G&E 85 A '57 O uthw Nat G 65 ‘44 ‘thw P&L 68 A 2022 108% 105% 105% Mig 6s '42... 93 98 ' 9% & E €5 ‘3510214 1021 & B 6 5110115 1011, 10114 72220 1021 | INANCIAL.' NEW YORK CURB MARKE Note—All stocks are sold in one hundred-share lots excepting those designated by the letter s (80s) (2508) which shows those stocks to be sold in Stock and High. Dividend Rate. 83% 5 Alnsworth Mfg 323, 811; 31% Allied Int Inv pf (3). 856 150 Aluminum Coof Am. 111% 105% Alu Co of Am pf (6)., 24% 15% Alum Goods (1.20)..; 13% 5 Am Capital (B) . 40 30 Am Capital pf (3)... 60 AmCIgarCo........ 8% AmCP&L B (10%).. 15% Am Com P A (b10%) 10 Am Cyanamid (B).. 8% Am Equitles. . . 20 Am For Pow (war).. 85% Am Gas & El (31). 104 Am Gas & Elpf ( o 5% Am Invest Inc (B) 49% Am Lt & Trac (2% 160 90% 28% 15% Am St P S A (1.60) 14 Am Superpowe: . 94 Am Superpwr 1st(6) 87% Am Superp pf (6).... 5 AmU&G B vtc 40c., 1% Am Yvette new wi. .. 5% Anchor P F (b10%).. 141 Anglo Chil Nitrate. . 6 Appalachian Gas.... 714 Ark Nat Gas (A).... 4% Asso Elec Ind (30¢) .+ 22 Asso Gas & Elec.... 21% Asso GRE A (at2.40) 2% Asso GRE (A) dbrts 87 AssoG & El ctfs (8), 19 Asso Tel Util (b8%). 5% Atlas Util Corp . 1 Atlas Utilities 2% Bahia Corp..... 131 Bliss (E W) Co (1).. 3% Blue Ridge Cp (40¢). 324 Blue Ridge cv pfasd.. 20% Brazil Tr&Lt(b8%). 214 Bridgept Mach (25¢) 5 Brill Corp (A) (65¢). 65 Bunker Hill & S 163%. % Burco Inc (war). 1% Cable Radlo T vte. 7 Cable & Wi A ret 15 Cable & Wire : rets. 25, Canada Marcoil..... 25% Carnation Co (j1% 48 Celanese 1st pf (7%) 3 Cent Atlantic States. 19 Cent Pub Svc Aal.7§ 17% Cent & SW Utb6% 12 Cent St El (k40¢).... 70% Cent St El pf (6) xw. 4% Centrifug Pipe (60c) 8 Chain Stores Stock. . 15% Chat Ph Al nv (50c).. 223 Citles Serv (g30c)... 7% Cit Sv pf B (60c) 88 Cltles Serv pf (6) 47% Clev El Illum (1.60) . % Colombia Syndicate. 2% Colon Oil. 5% Col Oil & Gi 27% Col Pict vte (f1%). Com Edison (8)... 2% Com & Sou war....., 81 Com Wat Sv (b6%).. 1% Comstock Tunnel. .., 10 Consol Afrcraft 1% Consol Auto Merch 90% Cons Gas Balt (3.60). 17 Cons Gas Util A 2.20. 10 Consol Laundries(1) 4315 Cont Ch Cp cv pf (3). 101% Cont G & E pr pf (7). 50 Contl Share cv pt (6) 25 Cooper Bessemer (2) 37% Cooper Be: 4% Cord Corp 5% Cosden Ofl... 9% Courtaulds Lt 3% Creole Petroleuin 8% Crocker Wheeler. ... 39% 10 Cross & Blkpf(3%). 3 % Crown Cent Petrol. .. 12% 8% Cr Cork Int A (1) 4% % Curtiss Wright war. 21% 6% Darby Petrolmn (1), 22% 11 Davenport Hos (2) 8 2% Dayton Alr & Eng. 162% 53% Deere & Co (m1.20) 8% 2% De Forest Radio. 6% DeH Alr Ltd ret 50c.. 414 Derby Oll Refining. 30 Derby Oil & Ref pf 2 Detroft Aircraft. 14 Diamond Match new. 24Y% Dia Match cu pf (n). 12% Douglas Alr (75¢)... 31 DressSR(A) (3%). 27 Dresser Mfg (B) (2) 33% Driver Harris new.. 2 Dubilier Cond & Rad 128 Duke Power (§15)... 18% East St Pow B (1). 8 East Util Assocv 4 East Util Inv (A).... 5% Kisler Electric Corp. 50 Bond & Sh (né). 103% EI Bond & Sh pf (6). 15% Elec Pow Asso (1)... 14% Elec Pow Asso A (1) 25% El Pow & Lt op war.. 12 Elec Sharehold (31). 82 El Sharehold pf (a6) 30% EBS Inc An-v (2 p G&F cupf (T).. Emp G&F cu pf (8).. 31% Emp Pwr pt (14.60). 1214 Emp P Ser A (a1.80) smploy Reins (1%). ingineers Gold. ..... Ltd A (60c) c deb rts. . 1% Evans Wallow Lead. 12 Fabrics Finishing. *afrchild Aviation PO PTETY - as » B e o pem e RO s B N O R D e R B I 08 00 1 B R 000 83 i B3 NN B D B RO o g [9 ® PR} FRTUTI SIS PHUP TGRS - I FTOT NI v » Fairey Av Ltd ( Fajardo - S 2% Foltis Fischer Corp.. 18% Ford Mot Can A t1% 10% Ford Mot Ltd 37%c.. 3 Foremost Fabrics. Fox Theater Cl (A).. Garlock Pkg (1.20) Gen Alloys (80¢).... General Aviation. ... General Baking. Gen Baking pf (3)... Gen Cable (war). Gen E Ltd ret (50¢. Gen Firepr (123) 3 cvpf B 2 15% 6% 8% Gen Th ey pf w.i. Georgia Pow pf (6).. Glen Alden Coal (8). Gold Seal Elec new. . Golden Center. .. Goldman Sach T C Gorham Mfg vte(12) th Knitback Mch. Gramaph rets (20c). Grand Raplds Var(1) GrA&PTn-v (5).. Groc Strs Prod v.t.c., Guard Fire Asso (2). Gulf Ofl of Fa (1%). ¢ Hires (CE) (A) (2).. Hudson Bay M&S.. 1Y Humble Ofi (2)...... 6 Hydro Elec Sec (2).. 1 Hygrade Food Prod. } Imp O1) of Can (60c) 15 Indianapolis P&L pf 50s Ind Ter (lluO1l (A). 6 Ind Fin ctfs (b10%). Insull Ut (15103 %) InsCo N Am (13)... Insurance Sec (1.40) Intercontinent Pet n intl Hydro cv pf 3%, 10t Petroleum (1). [uternat Products. ., Internat Super 1 1), Int Utilities A (3%) Interst Ea cv pf (3). Italian Superp (A).. i r) Sales— S4%9A Qoan. Hish, L:'. Close. 1 31% THE Direct Sales ~Prev. 1030.—~ Stock and Add High. Low. Dividend Rate. 14 & Kerr Lake...... 102% odd lots only. 95 434 3 Lackawanna Sec (4). Landay Brothers. ... Leh C& N n (1.40)... Leonard Ofl....... Libby McNeil & L Lion Ofl Ref (2) Loew’s Inc deb rt Loew’s Inc war).... Lone Star Gasn (1).. Long Isld Lt (55¢). . 18% Loufsiana Lan & Ex. 1% % Mavis Bottling. 9 Mead Johnson ( 24% Memphis Nat Gas. 94% Met & Min Inc (1.2 Mid St Pet vt A. Mid St Pet vtc B. Mid WSt Ut (1%)..¢ Mid West Ut (b8%) .. Mid Roy ev pf (2)..u MidlandUnited war Midvale Co (4). Miller & Sons (2) . Mo Kan P L (b10%). Mo Kan P L vte. ...« Moh H P 1st pf (7). Mount Prod (1.60)... Municipal Serviice. . Nat American Co.... Nat Aviation. Nat D Prpf A Nat Fam St b2% % Nat Fuel Gas (1). Nat Investors Nat Mfgs & Stor Nat Pow & Lt pf (6). Nat Pub Sv A (1.60). % Nat Rubber Mach (1) Nat Screen Sv (2)... Natl S T Sec A f50¢. at Transit (1)....u Nauheim Phar. . Nauheim Phar pf.... New Eng Pow pf (6). N Jzine (12%)..... New Mex&Ariz Land 7% Newmont Min (f4).. Newport Co (2)..... N'Y Merchandise (1) Y Pow & Lt pf (7). Y Transit (11.80). Niag-Hud Pow (40c) 4 Niag-Hud Pow A w. Niagara Sh, Md(40c) Niles-Bem-Pnd 2%, Nipissing (30c)..... Noma EI Corp (80¢). Noranda Mines (2). . Nordon Corp Ltd. No Am Aviat A war.. No Am Ut 1st pf (6) Nor Europ O11 Corp.. or St Pow A (8). N W Engineer (2) 4 Ohlo Copper:. Ohio Ofl n cu Oilstocks Ltd A 50 Fac Pub Sv (1.30)... Pac Western Oil Parke Davis (11.65). Pennroad Cp (20c). . Penn Gas&El (al11) Pepperell Mfg (8) Philip Morris Inc. Pie Bak of Am A (2). Pitney B P n (20c).. Pitts Forg (1.60) Plymouth Ol (2). Premier Gold (24c).. Prince & Whit (25¢). Prince & Whit pf (3) Prod Royalty (f1).. Prudential Invest. .. Pub Ut Hold (50c) Public Util Hold war Puget S P & Lt pf(6) Pure Oil pf (6). 4 R R Sh Corp (25¢) Red Bank. Reeves (Da Rellance Int (A). % Reliance Manag Reybarn Co... Reynolds Invest Royal Type (13%) St Regls Paper (1). Salt Creek Prod (2), Schlctter & Zander. . Schulte Un 5c-§1 St.., Seaboard Util (50¢).. 4 Sec Corp Gen t40c) Seg Lock & H (50¢). Selected Industries. . 11nd all ctfs(4%). Select Ind pr (5%).. Sentry Safety Cont., Shenandoah Corp.... Shenandoah Cp (a3). 4 Silica Gel ctfs. ..... ¢ Singer Mfz (119%). Smith (A 0) (2).... South Am Air Lines. u Penn O11 (12%). 2 SoCal EApf A (1%). 2 S W Gas Utilitfes. Stand Oil Ind (2%). Stand Ol Ky, (11.80) 4 Stand Oil Ohio (2%) Stand O Ohio pf (7) and Oil of Ohlo( and Pow & Lt (2). Stand P& L B (2) 35% 2% 28% 1 11% 9% 12% 3% 2314 33% ¥ 10 31% 164% 109% 16% 5 30 65% 9% p oo N a S s » 8 Ter 'S =) RN G DR LR R AR OB R R R e s e A= E NN RN NS HEONA® B s o PR O )P S Stutz Motor Car. 4 Sunray Oil (40¢c) vift Intl (1335). cuse Wash Ma B art Corp (1). ... mpa Electric (32). Technicolor Inc. Texon Oil&Land (t4) 4 Thermold Co pf (7). Tobacco 4 Todd 8 9 Trunz Pork S (1.60). Tubize Chatel (B).., Ungerlelder F Corp.. Un N G of Can 11 60. Utd Car Fast (60c). . Utd Corp (war). Utd Gas pf (1) Utd Lt & Pow Utd Milk Products. . ot o S waed el Erantendmpermmonsmned 'S Datry (A) (5) 1S Elec Pow ww lec Pow (war). inishing. ...... & Int Sec 18t (5) S Lines pf (1. .. s war. & Overseas ctfs. Playing C; Utd XU (2 4 Ul Pow & Lt (a1). . Util P&L B ctfs (al1) Utility & Ind Util & Ind pf (1% Utllity Equities Vacuum OIl (4)..... Vie Finan Cor (40c). Walgreen Co 3 Wi en Co (war). Walker (H) (1).. Wil-Low Cafeteri Wilson Jones (3). Zonite Products 13, Expire. 14 11% Com Fdison..Feb 2 10% 10 Peop G Jan 15 Dividend rates tn doliars based on la: | onyment *Ex dividona tParty extra Plus diy2| cash or stock b _pavable in stock e 3% | g6, n stock. gPlus 6% in stock b 4% | 29 in stock. 21% tant short covering lately in belief that, while the market may not h.’,\\'ci reached the very low point, these spec- Hornblower Fulrrrmiemnnnma BeSannwoann kPlus 10% in stock m Plus 3% | bilities over the n Received by Private Wire to The Star Office — 00. Open. High. Low. Close. cees 4 % % % % Koppers G&C pf (6). 268 101% 101% 101% 101% 38 2 29% i 12 10% 22 6% 27H 343 1% % 4% 1% 1 4 1% 31% 21% 1% % 60 2 18% 13% 131 2 10% 10% 10% st quarteriy or sem| 4% In stock a Payable in Ad:ustment dividend. f Plus Plus 1% in stock § Plus in stock. n Plus xt few weeks, & Wecks—It would 92 97 2 Wiscon P&L 5s E '56101% 101% 101'% FOREIGN BONDS. uen Air Prov s '52. 88 88 88 hen Alr Pr Tigs C47 43 94% 943 hile Mte Bk 88 31.. 87'a 97 ' 9T m Pr_ Bk 8tes '37.. 8413 Rive R4ty 45, A ‘41 10235 10235 1073} xw T4 T /0 NEW YORK, October 24.—Brokerage | house market commentators did not | like the action of the rails yesterday | and are inclined to look for an ex- tension of the selling into other groups. | Rellies, they say, probably will be | feebly held. Comments today include: 8. | Jackson Bros, Boesel & Co.—The #214 | rails, as & class. fn our opinion, have not yet reached the point where they | are attractive either for a technical | rally or for long-pull appreciation. The recent downward turn in car loiding came as a distinct surprise and sug gests at least several more unfavorable | monthly earnings statements for the carriers, Winthrop, Mitchell & Co—We are informed there has been come impor- 87 82 78 T4 8234 a7 #8tinnes 75 '35 x 30 3 Stinnes 7s 46 xw. ww—With warrants. Xw—_Without wairants. ulators do not want to overstay their market. Shields & Co.—We feel that any further extensicn of the rally today will meet a substantial amount of stock for sale, which will prevent any up- turn of importance Emanuel & Co.—We do not believe it Is yet time to follow up rallies with buying orders. Otis & Co.—In attempting to in terpret the significance of the tecl nical action of the market we have been impressed with the increa’ing number of indieations pointing to the possibility of a temporary change in trend. At the very least, it has sug- gested the advisability of not con- tinuing too beayish on market possi- | seem that a reversal of trend could be expected. However, a constructive speculative policy undertaken st this time is continually fraught with un- expected difficulties while important | liquidation may still be hanging over | the market. UNITED STORES. NEW YORK, October 24 (Special).— | United Stores Corporation declared a dividend of 62)2 cents on preferred stock payable December 15 to stock of record November 25. An initial divi- dend of the same amount was declared three months ago. The preferred stock is of no par value and is entitled to cumulative dividends at $6 annually. EVENING STAR, WASHINGTON, D. O, FRIDAY, OCTOBER KANSAS CORN HUSKERS PLAN FOR NATIONAL By the Assoclated Press. NORTON, Kans, October 24.—The corn belt’s fastest huskers are shining their pegs and hooks and banging the bangboards in practice for the Seventh National Corn-husking Contest. Champions of seven States will com- pete here November 14 for the national title. A running story of the contest will be broadcast direct from the bang- board over a country-wide hookup. Sound movies also will be made. Elimination Contests. Eligible contestants will be de- termined by State elimination contests in Kansas, Missourl, Nebraska, Illinois, Indiana, Towa and Minnesota. The two best huskers from each State will be_eligible. The husker who betters the national record will have to establish a mark of more than 35.8 bushels of husked corn in 80 minutes. That record was set by Elmer Williams of Illinois in 1025. The defending champion, Walter Olson of Rio, IIl., title holder for the last two years, made his best mark, 26.6 bushels, in 1928. Under contest rules entrants are allowed 80 minutes to demonstrate their speed and skill. Each has a wagon and driver and works two rows of corn at a time, Prizes Given. Thoroughness as well as speed is essential. For every pound of mar- Kketable corn left in the field and picked up by two gleaners who follow each contestant three pounds are deducted 24, 1930. TRADE UP 20 PCT. IN FIFTH DISTRICT Business Ahead of August But 9 Pct. Under Same Month in 1929, Report Shows CONTEST NOV. 14 [ Retall trade in the fifth Federal Re- serve district in September showed an Imcm of about 20 per cent over the [ volume of business done in August, but lacked 9 per cent of equaling the amount of sales in September, 1929, according to reports from 34 leading department stores in the district. The September increase over August was somewhat less than occurs in most years, and in comparison with the cor- responding month of the preceding year September made the poorest record for any month for several years. Only 5 of the 34 reporting stores showed higher sales figures for September, 1930, than for September, 1929. Total sales this year, through September 30, averaged WALTER OLSON. 2.4 per cent less than sales from Jan- from the weight of corn husked into the wagon. An average of 5 ounces of husks is allowed for each 100 pounds of corn, with deductions for any excess. ‘The State and National contests are sponsored by the Capper Farm Press and the Standard Farm Papers. Cash prizes in the national meet range from $100 for first place to $10 for fifth. Prizes also are offered in the State contests. uary 1 through September, 1929, al- though total sales in the first’ five COMMODITIES MOVE AT QUICKER PAGE Clearing Out of Surplus Stocks Should Bring Higher Prices. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, October 24.—Commodi- ties are beginning to move. That is the most important development of the mo- ment. There is still marked complaint over the drop in commodity prices. Many are not selling at levels which producers feel will net them a profit. For exam- ple, the price of producing & pound of cotton is estimated by Government au- thorities at 9 cents. But there is a surplus of cotton for world wants and the fect that cotton is being bought around. 10 cents is at least clearing the | decks for the marketing of the present crop at better prices. New Uses for Cotton. Moreover, the new uses found for cot- ton in the last year have gone faf to- ward counterbalancing smaller buy 18 by forelgn countries, which are in an even more depressed condition than this country. The added buying has not | Materially shoved the price up, because Tost prchasers have protected them- Eeives by hedges which have nullied the hormal effect of such movement. But the cotton growers are slowly getting into a better financial condition to out- last the depression. Ihe wheat farmers are already in beiter position than they were. ~The | Hve stock men in some sections are still facing a strious situation, but there is evory. evidence that if they, t00, can ol on they will reap an abundaut brofit. The general trend of prices D ems pointed upaward in this industry. “The rult and vegetable growers are {hn was expected and the ing season is drawing to a clos vith activity undiminished. Even the Tape industry, faced with huge pro- Hietion, 1s moving ahead. Markets and Caiitoad vards are crowded with cases of grapes which as ‘the purchasers Railroad Situation. rhaps s serious a situation as any iSPfeBC:'dp by the railroads. Their h’;l- tomes have been cut down appreciably o their cxpenscs had already been reduced to 2imost the lowest possible point under present conditions. The Rittire of the railroads, according to rail exceutives, lies in the possibility of con- Solidations under the Interstate Com- Merce Commisison plen or one based on it with certain amendments. If these consolidations are held up indefinitely, fail service will suffer and so will dis- | fribution—and it is on distribution that | ail business now hangs. Steel is maintaining a steady pace but without indications of impulses to- vard big increases in production. The automobile industry is holding produc- tion strictly to consumer demand. This iis rowing the market for scores of commodities, including the non-ferrous s. Petroleum is bettering its sta- al position, helped to no slight de- gree by the demand for lubricants as well as for gasoline The chemical in icipation of the Gemand for doing better can take them away. is ac- and the textile plants are doing as leaders in the industry t. 1930.1 |STEEL CORPORATION DIVIDEND IS COVERED | 8pecial Dispatch to The Star. NEW YORK, October 24.—The Sep- | tember quarterly report of the United States Steel Corporetion, to be pub- Tuesday, will show earnings th those of the previous.six months, will bring the total up to an amount in excess of the requirements of the $7 dividend for the entire year. This is_in contrast with what United + | States Steel has previously done in a . | period of low production and falling prices equivalent to that now prevailing. ‘There has been some talk of an “ex- tra” being paid on Steel common, but little expectation of this is now held out by directors and would not be re- garded as good policy at this time. THURSDAY, Previous day Week ago. Month ago. Year ago. Low, 1920. 1413 Today. . Previous Weelk ago. . Month ago.... Year ago... Two years ago. Three years ago, weekly aver. .. 96.4 High, 1930. 91.9 Low, 1930. 90.8 High, 1929. 95.3 Low, 1929, 90.4 * New 1930 low are being bought as fast | stries are speeding | tures for Winter use in | STOCK AND BOND AVERAGES By the Associ: STOCKS. 50 Industrials. BROKER LOANS CUT T0 $2,613,000,000] Lowest Figure Since 1926 Report- 1 ed—Weekly Drop Is $139,000,000. Special Dispatch to The Star. NEW YORK, October 24.—The week- Iy statement of the Federal Reserve on brokers' loans for the week ended Octo- ber 22 showed a decrease for the fourth successive week amounting to $139,000,- 000, bringing the total down to $2,613,- 000,000, the lowest since November 24, 1926, when loans stood at $2,608,283,000. | || A week ago the total was $3,752,000,000 || and a year ago $6,634,000,000. Loans for own account this week were $1,590,000,000, against $1,702,000,000 a week ago: loans for out-of-town banks were $511,000,00, compared with $514,- 000,000, anid loans for account of -others $512,000,000, contrasted with $536,000,- {000. Demand loans made up $2,020,- 000,000 of the total of brokers' loans. compared with $2,149,000.000 last week, and time loans were $593,000,000, against | $603,000,000 & week ago. The o ord, since publication of loans bes January, 1926, was established H | wesk ended May 19, 1926, when loans || |stood at $2,408,695,000, and the high || | record was made October 2, 1929, when the total was $6.804,000,000. The New York Federal Reserve dis- | trict rediscount rate, which is 2 per | cent, remains unchangzd. e GARRETT COUNTY POTATO SHOW WELL ATTENDED Spectal Dispatch to The Star. i BALTIMORE, _October 24.—Many | ||| | persons interested in the growing of | potatoes _are attending the Garrett | County Stato Show to be held at Oakland today and tomorrow, accord- ing to J. H. Carter, county agent, who | ||| |is in charge of the show, the exhibits | will be open to all Garrett County 4-H Club members and adults, the only | stipulation being that the potatoes are Prizes will be | | grown by the exhibitor. | offered in all classes. | All club boys who are regularly en- | rolled in 4-H Cubs in Garrett County | and whose potatoes have passed certifi- | cation requirements are eigible to com- pete in a class-in which $55 in prizes | is offered for the best peck of Rural | Russet sced potatoes The basis of | awards in this class will be determined | by the amount of disease, insect injury, | eondition of the field, spray or dust | record, written record and yield, includ- | | ing cost of production. Ten dollars in prizes will be awarded || !in "the open class for the best peck of | early or late potatoes. | NEW YORK COTTON | NEW YORK. October 24 (Special) — | Initial cotton prices were 12 to 16 points | higher today, following Thursday’s gain | of over $2 a bale. Southern houses were | sellers, but the trade and overseas pur- |||/ | chases more than offset. this movement. | Opening prices were: October, new, 110.78, up 12; December. old, 11.00, up ||/ | 15; December, new, 10.9%. up 13; Janu- || |ary, old, 1115, up 16; January, new, | 1115, up 18; March, 11.35, up 16; May, ; 11.58, up 16, and July, 11.7¢, up 18. | [ GRAIN MARKET | _CHICAGO, October 24 (Special).— Wheat prices were lower today under scattered selling influenced by the weak- in Liverpool. December, old, d 80%; to 801 : new, 80%4; March, | 1d, 8414 to 80'4: new, 84%: May, old. 851 to 85%; new, 855 to 85%. After first half hour December, old, 80; new, | 8014 ; March, old, 837; new, 8413; May, old, 851¢; mew, 85%. |l Corn was easy with wheat. Decem- ber, old. cpened 78%: new, 78%; March, old, 80; May, old, 83%; new, 83! to 831%. After first half hour December, old and new. 78Y;; March, old, 79%; May, old, 83%. Cats were easy. December, old, 36% to 367; new, 36%; May, old and new,.39% After first half hour De- cember, old and new, 36%; May, old|| and new, 39%. Provisions were unchanged. U. S. TREASURY BALANCE. ‘The United States Treasury balance announced today as of close of busi- ness October 22 was $244,196,572.32. Customs_receipts for month to date were $26,181,391.77. Total ordinary expenditures, $11,507,093.71. and Llama The sbft weaves ed Pro OCTOBER 23, o super-favorites, on blue and oxfords tones. FINANCIAL., #EE - A—15 iths of this htly exceeded Taies o e "Corteaponding period 1ast 5.6 per cent less in retail selll mlnnoenun&mdm‘_ 30, 1929. Part of this decrease in is due to lower price levels in many lines this year. The reporting stores turned their stock .274 times Sep~ tember, and since January 1 stocks have been turned an average of 2.383 times, & slightly higher figure than 2.337 times for the corresponding period last year. Collections during September in 33 of 34 reporting stores averaged 24.3 per cent of receivables outstanding on Sep- tember 1, a lower figure than 25.7 per cent collected in September a year ago. Ten of the 33 stores reported better collections in September, 1930, but 23 reported lower percentages, the Federal Fn.((‘ischle Bank of Richmond reported ay. MONEY RATES STIFFEN. By the Associated Press. Time money strengthened slightly last week, but call funds were pegged at the previous week's level. The totals that follow represent the ave erage rates on both classes of loans, for comparable periods, as calculated by Week ended October 18. Suits of Real Worsted A Glenbrook production Exclusive $37.50 It’s the grade of worsted comparable to the popular importéd weaves—in the shades which fashion has approved. Our tailors have fashioned into single and double breasted suits, with definite character lines; and with craftsman- ship that speaks its excellence in every detail of fit and finish. Imported Camel’s Hair Also a Mode production $39.75 and Camel’s Hair and Llama Cloth the lors have spread themselves in design and finish. Single and double breasted; regular and raglan shoulders. Previous week Same_ week with us Top Coats are the favorites— which Mode tai- Tan, in the distinctive BONDS. 10 Industrials. 90.8* 353.] 156.6 10 Utilities. 99.2 (Copyriaht, 1930, Standard Statistics Co.) Both Suits and Topcoats represent far-better values than the prices suggest The Mode—F at Eleventh