Evening Star Newspaper, October 25, 1930, Page 15

FINANCIA CURB SHARES FRM IN UPHARD TREND Utilities, Ol and Industrial| i Groups Prominent in " Advance. BY JOHN A, CRONE, Special Dispate €o The Star. YORK, October 25—Public oils and miscellaneous indus- formed the bulk of ¢+alings ‘hange today. Under a tion of investment buying and pfleen were fairly firm ‘hek of lhcl at the 900 shares of Electric Anglo-Chilean Nitrate, up nearly three points. The betterment in red mcm shares later caused an upswing of approximately the same amount in Newmont Mining. American & Foreign Power warrants sympathy with their common regained some of the losses that touvm the Brazilian revo- ‘The company plans to retire 87 with an issue of $6 erred, futher llmpufylnz capital Electric Power & it rants onm.rl up 2 poln': uwtg:nAmer- & Forelgn i 258! (353 2asEy ees3zirs! g2 FEEE * & * SanSoBsePags: " 5, ¥ agpe=eSusiintnnssaciaisiiensensanisel G TS &:smm PEFEFTESSGESIEE it S e ,?”5 2888eIass: EEAT SREATBI=YRIE! Ewelerasmamsr oD o8 Ea bt B B s w5 s8850 g s A o oeed B8 & 52822882! o & Spunses: < 8 ’3?:?5;: 2 tineau = = O S 4 iERS WA R SEasEsusss Ea5Epuns s E28E N 28380 e F 5 w8 IV EAE & * se3psEEns (T T W Seisisissey S28s3eEErn! * RS 25xieEs: EE P T oy FAICeEE » s:ig § FELREr 11 FEER N FEFE BavvbuSesmnolniul Bl san oS Boanaretesdonne. | B8, Sefessssorsizsianagal Eaniben =3 S mu éff; n or!-Alur i 2030 wi 'mi, L 88 A 8 o £ 8 2 3.0t a0 FOREIGN BONDS. M Bk 7 47 n 5 et B vunessan-ulste £3 a2 300 4 80 0000 1 0 001 = s KA e D O [ % % 3 97w 97 96 ' 96 i 3 6! s AC i Ve & Ti1. ita warrant Iv-CWithout Sarrants. L W issued. s {3.003.50; apples, bushel basket, 1.50a 8% Am C PaL % 1! 16% AmCom P A (b10%) 1 30% AmComPB ll“)u Sereman 5 AmU&GB vto d0c., 14% Anglo Chil Nitrate. .. lach!: - SeaRea~e 36 Axton-F Tob A 114 Babcox & Wil (9. 70 Baumann (L) pf ool ot 20% Brasil Tr&Lt(b8%).. 2% Bridgept Mach (26¢) 5 Brill Corp (A) (86c). 2 Bwana M Kubwa.... 3% Cable Radlo T vte... 2% Canada Mareoni..... % Carib Syndicate..... 48 Celanese 1st pf (7%) 19 Cent Pub Sve A al.76 16% Cent & SW Ut h6%.. 12 Cent 8t Bl rk40e)...0 ‘!( Clllrlhll V'in~ (800) k{ s . nee u.-.-.Ss-a-.-.-m-... oo 3 ofl (50e) 1 v pf (6) 508 Cooper Bessemer (2) Cord Corp. .. Cuban Cane pr opt w. Curtiss Wright war. Darby Petrolm n (1) Dayton Afr & En, Deere & Co (m1, HTLR De Forest Radio. Detroit Alreraft..... Diamond Match new. % Dia Match cu pf (n). Dow Chemical (2). .. Dress SR (A) (3%, Durant Motors...... East 8t Pow B (1)... Elsler Electrie Corp. Elec Bond & 'h (b8). 326 Bond & Sh pf El Bond & 8h cu pf Elec Pow Asso (1)... Elec Pow Asso A (1) El Pow & Lt op war. - ORI 0O 10 T 800 e 10 2:: e e o 00 0000 00 - - Evans Wallow b‘l Fabries Finiahing. Flinteote Co A(1%).- Ford Mot Can A t13 Ford Mot Ltd 87%e. Foremost Fabrics Fox Theater C1 (A) General Aviation Ao RN O Gen E Ltd ret (50¢). Gen G&E ev pf B (6) 7 Gen Theat Eq w.i. 2o Goldman Sach T C . Gold Seal Elec new. . Gorham Mfg vte(f2) GrA&PTn-v(5).. Groc Strs Prod v.t.e.. Gulf Otl of Fa (1%). Hollinger Gold um Humble Ol1 (2),. Hydro Elec Sec (3). . Imp Of1 of Can (60e) Imp Tob Gt Brit t8%¢ Ind Ter I1lu Ofl (A). ind Fin ctfs (b10% ). Insull Ut (1b10% %) InsCo N Am (43)... Insurance See (1.40) Intercoast Trade (1) int Petroleum (1). . Int Saf Raz B (123%) Internat Super (f1), T T A=Y B NP RN HRNNNANS hO® o internat Util (B).... Interst Eq cv pf (3) Italian Superp (A).. Italian Superp war. & Kerr Lake... Kieinert Co (1.60)).. Leh C& N n (1.40)... Leonard Oll........ Washington Produce Butter—One-pound print 44ads; tuh. 42843, o Hennery, 40adl; “l “lfl‘ll’2 11 “Turk: ry, alive— eys, , 3 old, 30; Spr! chltlly e 5 medium, 22a23; lmlll 2 large, 21a22; small, 15; roosters, lhll duch 185; kfih large, 50a60; small, 25630, Dressed— Turkeys, 10“11'. m‘d 33a35; current re- Smoked meats—Hams, n lhmldm 18; bacon, 11 Lard, in bulk, 14; i | packages, 1 Live stock—Calves, 5a12; lambs, 8%5. | Fruit—Watermelons, California, per crate, 75a1.00; honeydews, 2.00; honey- Ibllll 250a3.00; oranges, California, 19.50210.00; Florida, 5.75a6.50; lemons, 1.75; grapefruit, 13.5004. seedless, i 2.00 HAII.I.I 3 'l'mpm'ollyl.l 75; Bel- glum, hothouse, boxes conttinln( Ve to 73, pounds, 5.00: Persian melons, 12.00; box stock, 3.25; pears, Bartletts, 2.00a2.50; fancy, box stock, Secke!ls, 1.75a2.25; cranber- Ties, 3.2523.50. Vegetables—Potatoes, 150-pound sacks, 3.25; Idaho bakers, 100 pounds, 3.25; per barrel, 2.50a3.00; 2.00a2.25; 2-peck baskets, 1.50; spinach, 75a90; kale, 75; lima beans, 4.00; s be: 1.50a2.00; caulifiower, 1.50a1.75; carrofs, per +100 bunches, 3.00a5.00: beets, per 100 Nlnchfl, 3.0085.00; sm. broccolt, 3.60; mushrooms, 1. quusn,” 200; parsntber 3 50; Derrine, parsn: “15 asparagus, crates of 12 bunches, Lirc;t President Resigns. CURB MARKET { *52%33s =:3285s CEPL LT E T P tring | regular dividends of $3 ann Received by Private Wire Direst te The Star Offics 6 265 1% 9 38% Y ¥ % Moh H P 18t pt Mount Prod (1.60) Munieipal Serviice Nat American Co. 00U 12 Natl 8 T Sec A f500.. 26% Nat Sugar NJ (3 60% 139% New Eng T& T (8).. 48 N J Zino ("“)--... 58% Newmont Min (£4) Niles-Bem-Pnd t3% . 8% Noma EI Corp (80¢c). 18% Noranda Mines (2) 4% Nor Central Texas %% Norlndl’!pf(’l). . Ohilo B Tel cu pf (1). Wl % Ohitoe Copper.... 5 Outboard Mot (A)... 28% Pac Pubfiy (1.30). 12% Pac Wi o1l 3% Pandem Ofl. 1% Pantepec Oll 7% Pennroad Cp (20¢) 26 Perfect Circle (2)..., 6 Pitney B Pn (20¢) 108% Pitts & L B (110) 20% Plymouth Ol (2) S e & ae EISTOTSINE DT 1T JOPS {91 Te e Pul 1% Pnll.lt Util Hold war 7 Pub Util Hold x.w... 88 Pure Oil pt (6) 1% Reynolds Invest. ... 9% Rich Ofl Cal pf (1%) 16 Roan Antelope Min. 3% Rossia Int Corp. 6% Royalty Cp pf t1 39% Rubberoid Co (4) - T Select Ind pr (5%) Sentry Safety Cont. 52% Stand Ol Ohio (3% ). Starrett Corp pf (3). 4% Stein Cosmetie: ft Swift Intl (1334).... 3% Syracuse Wash Ma B 5% Tran Con Alr Tran.. 3% Tri-Cont Corp (war) 16 Trunz Pork 8 ( 18 Ungerleider F Cor 0 BRI 19 D 4 090000 N et NS DR T i O ST O N O DB A B Lowed 91% Utd Gaspf (7) 27% Utd Lt & Pow A (1), 70 Utd Lt & Pow B (1).. 97% Utd Lt & Pow pf (8). 1% Utd Profit Sharing.. 52 U8 Dairy (A) (6)... T TR PP 9% Vacuum O1 (4)... 23 Walgreen Co. 5% Walk!v (H) % “Y" Oll & Gi '. . 8 Zonite Produ l‘ll. RIGHTS. 10 Peop GLAC...Jan ll 3 10% 10% 10% 10% Dlvlucul tates in dollars based oo lsst quarterly o semi-annusl % | Stock s u m % 'nu T in e - % eulturfl 2% |to West Virginia and to several % | section. large lot movement at present. Prices tended = markets 3 | range $2.25 to $3.50 per barrel in East- price % | rieties have been selling | points. The distribution of the Ni C; SATURDAY, OCTOBER 25 193V, UPTURN N PRODUC | PRICES REVEALED) . Colder Weather Brings Ad- vance in Some Parts of Country, * porred “lwnom!a. ibrm N “ s.rv. ews 'rheeflmwunentnnv:nlnn Cooler weather stimulated the demand; mml lmeflond 'Ifll shipment to some extent lllerlwd (nn of croj dlmln tmm the freese blc mnne- at various wunh'y shipping m‘. in Nonh-rn pohto belt — x‘:d‘rf"ur trulu and vmublu n fairly good compared some other products, owing partly to dem-nd from States :‘ul;'mntylmmk mmm. cars ew Yorl mlnd other vegetables were lhl P western States durln: the neoond part shipments dla found wide mnrktu. and supplies from the Rocky Mountain and from region T4 | California are prominent features in Eastern markets. Freese Injury Moderate. ‘The quan! ol vThb)u Iniumd by t‘lm 'Sf"we.. to have been very mn joes not 8, remr““ production. ‘worst. t was in the uncertainty in qulmy of some market shipments, 25% | more or less risk ut mixture with mma stock. Digging of potatoes has been mostly compl lmd bor.h in the East and in the Wut No serious d-mue appears to have been done in Western New York, and prices did not rise in that Growers recently have been re- celving 70 cents per bushel in bulk. 22% | ghipments have been only about two- thirds those of last season from that % | section. Sales in carlots ranged from Potato shipments from have been somewhat lighter mn early in the month, averaging over 1,000 cars dAuy including heavy movement from e and the Far Wut. but rather for the time of year from | tios ity markets nearly all ‘moderate the thlrd week of Oc- of Green Mountains mostly OL'IS to $2 per 100 pounds in the East. Pennsylvania round | to 1.90 on i~ tht ve tended in most nmm pro- lnm'n reports of tly. dnm age lvplled to only v rn‘lflllll per cent of the crop. Growers in some uom ‘were repomfl still holding for llnke; receipts of sweet potatoes con- tinue moderate with demand fair. Daily shipments seldom reath 100 cars. New Jersey and the Eastern Shore region|to supply & of the car- a little higher in some after the middle of the monlh and at present ern cities, reaching New York and lowest Soter W}t shenly vn'ou"" ty at sell af , mostly $1.25 to $1.75 per bushel, while Dela- ware and Eastern Shore stock ranges suomuummm markets. Tennessee Nancy Halls have advanced slightly, only in in Phila. Cabbage Higher. Cabbage met with better demand at higher prices on the arrival of colder weather. New York long-keeping va: at $11 to llE perton bu.lx in produc g sections, but price to growers hinfl the dealers’ m:rkel at lhlppln‘ em crov continues “to ' be vldewmd lots having been shipped as far !outh as Florida and to many citles and towns in the droughty States of the East and Middle West. Prl tendency has been upward since the % | middle of the month and Northern nhflmlwwfllp«mh Eastern citles. Red cabbage sold as high as $35 in New York. Shipments than 150 cars datly, eincipesly o cars y, ipal m New York, Wisconsin and Colorado. Onlon markets have shown little fu lately. Much of the Northern been going into storage. Car- lot shipments so far have been about the same as last season from Western New York, where sales at country ship- ping points nn&e from 70 to 95 cents per 100 according to size. Shipments lrom the Middle West are active to Eastern market centers, but supplies are still moderate and demand rather slow as a rule. New York yel- low onions hold at a nearly steady range of $1 to $1.35 per 100 pounds in the large markets. Tendem:y Was oguy downward the third week in ber in Philadelphia and Washing- ton, but the New York market was well ""Thu‘ned ket it f e mar] on of celery is be- flnnlnl to |oo£°'; little brighter, al- '-hou‘h storage holdings in the East are '8 | reported heavy. STOCK AND BOND AVERAGES Press. B7 the Assoeiated SATURDAY, OCTOBER 25, STOCKS. (Copyright. 1930. Standard Wall Street Briefs By the Associated Press. of the Waukesha Motor Co. announced that the policy atisties Co.) compared with the total of $5,010,620 shown in September last year. ' The W. T, Grant Co. on Octobes 25 will open 16 additional stores. 0; from the Howorth-Snyder Co. in Chester, N. Y.; Malden, - chester, Ros g Dlnbury. con h hil h hld ‘Iyan iting ., Whiel n closed awaif their reopening under the Grant name. Continental Shares, ., recently has acquired additions w its hnmnl. including 394,987 shares of ch.u ‘common - - stock, ‘hich wl clusive voting rights, of Ligh & Pa:n‘ Co. T& a fl“‘:mue: be continued and an extra dividend of 81 pald when business is under way L $3 end nduuc nnp lial $85.000 con nt this number 10 are units acquired | Amiol Bl Port lindale, Wlurlown. Mass.; | Ch n.; ‘Woonsocket, R. and Williamsport, | 57 COPPER PRODUCERS CUT PRICE TO 9 1-2¢ POUND Special Dispatch to The Star. NEW YORK, October 25.—All cop- per producers and custom smelters re- duced the price of the metal yesterday to 912 cents a pound delivered in the Connecticut Valley. This action fol- lows a cut to the 9ls-cent level by one cr two custom smelters on Thurs- day. Brass and wire prices have been lower by the fabricators to the equivalent of 9, cents for the metal. No change has been made in the ex- port_price, which is belng maintained at 10.30 cents, c¢. i f. London, Ham- burg end Hayre, but a reduction of cent to 9.80 cents is expected either today or Monday. For several weeks the eJ:rlce of cop- per had been maintained at the cent level by the custom smelters and producers. However, as soon as the buying at this level had been n&fled one custom smelter attempted to tain mmm %on V:edmdl! by lhldln( the cent & hmpz no doubt will be ‘made w hold the price at the new level of 9% a pound, but it is belleved the trade that unless production slows down materially, a further cut is in- evitable after buying at the present level has run its course. INVESTMENT TRUSTS NEW YORK, October 25 (#).—Over- the-counter market: Aska, Amer Founder Rk, Ameér Tns"Stoc i l % i 4 av 20 i 1 4 % PUMPKIN SHORTAGE REPORTED C. WHOLESALE MARKET mwumn&‘_ mn;m ples, was re- anhn. In spite of the long-continued mhthmrhbylh mm- GHAI]B[]URNESUGAR PLAN T0 BE PUSHED| . s Chairman of Stabilizers .Be- lievés Cuban Bill Will Be Passed Soon. Special Dispatch to The Star. NEW YORK, October 25.—Failure of the Cuban Congress yesterday to pass the legislation framed by the Chad- bourne Committee for the Stabilization otmwmasummrmwmmm $83. way Interfere with the progress of the pian, it was announced yesterda) Thomas L. Chldboume author of the plan and chairman of the committee ebt, 5 it. He said that so many of | 8 m:: of the Legislature ;ere absent campaign election thn no to pass the ton, for the impending ort would b?‘:nldz Mr. Chadbourne added that there was no doubt of the adoption will e the Cuban nvernmnt the purchuer of 1,500,000 which American market, thus reducing the heavy surplus to l'euonnblo propor- ns. He said that he was sailing with Viriato Gutivrrez, President of the cu- ban Senate, vither next Wednesday or Saturday, to accept the invitation of the counsel o' the Javan Sugar Trust take part in conferences arranging the best bilization of the market. Mr., Chad- bourne declared that he had heard of nu curtallment as yet in Java except be. in isolated instances. Optimistic on Restriction. In regard of sugar in United States territories had acce] the plan of the commit- h‘e 'hlc called tzoth the of crops next year e same amount produced this ex‘poru of sugar to the United States 2,800,000 w&s of sugar a year, Mr. said: “The committee and the Cuban plant- ers have absolutely no fears that the American planters will increase crops next year. It is so much to their ad- cost of production. since September 1, when it peared t] the plan might be Iumu ful, raw sugar prices :bout 40 points in the New York mar- He did not go into details as to what| g, the Cuban government has granted to him and Dr. Gutierrez, but 'hen shown a statement touching upon bmkm 1ce | Was substantially correct. Text of the Dyer Statement. ‘The Dyer statement follows: “Dr. Viriato Gutierres, president of the Cuban Senate, who, with Thomas L. Chadbourne, the New York attor- ney who organized the ittee bear- ing his name for the 29 from New York, bourne. begin negotiations under thn le powers conferred on them by the cllbm government with (onlnl luglr interests for the restriction of or other means of preventing an o'er- flooding of the world sugar mlfket during the cominy yelr according_to advices received by B. Dytr & Co., lun.r economists and _brokers. It is necud that the first negotiations wil held with the Javan Sugar Trust, which up to the present time has juced all of the sugar used in the Far East and also & consldmble portion of that which is eonxumed sugar-buying countries in “Mr. Chadbourne and Dr. probabiy have received the widest pow- ers ever conferred upon any individuals by any government. According to ad- vlcel the two men have been given for lod of six n;onlhsflth‘e p:o'nelre r':n::; tend and to take part in with a view to negotiate production agreements with foreign producers of sugar, principally in Germany, Cazecho- slovakia, Poland, Belgium, Java, Great Britain, Hungary or any other pro- ducers. Control of $42,000,000 Output. “The two men, with the other seven who compose the Cuban Carryover As- sociation, have absolute control over $42,000,000 worth of raw sugar, the pa; ment for which is covered by an issue of Cuban Government bonds which in turn is backed by a tax on all sugar pro- duced on the island between 1931 and 1935. The price which the government has guaranteed to pay for this sugar amounts to approximately 185 cents a pound, cost end *reight, New York, and the amount which must be realized from the bonds ccnsists of $666,000, which will be used as working capital for the committee which will have the handling | of the lunr end $41,334,000 which wii be for the amortization of the b!mflL NEW YORK, October 325—Activity in the Nation's electrical equlpme'nt markets during the past week no major change from recent moder-u but sectional reports like Wm no slackening in the upward swing noted in the preceding seven-day period, Electrical World reports. Retall turnover during the week held to_whether or not growers | restriction | its recent gains and figures for the month as a whole are expected to show improvement over those of September. Cold weather has notubly stimulated the call for coats and other types of outer garments, with increasing activity beginning to be noted in accessories. Eight basic ensembie colors for next Svflng have been M‘lopud by the Color Co-ordination Committee of the Na- tional Retail Dry Goods Association. The golors comprise guardsmanand admiralty blum sea sand, Burma tan and Singalee rown, pistachio and chukker green, and sky gray. Black also is accorded style importance. Retail coal dealers found themselves swamped with business this week when PINANCIAL SHEEP AND LAMBS SLIGHTLY HIGHER Market Displays Strong Un« dertone Despite Increase in Receipts. s | BY the Associated Press. The steady to slightly higher trend in the price of sheep and lambs in the face Receipts of sheep and lambs for the past week totaled about 513,000, as against 463,000 & week ago, at 11 large Preferred Stocks ations.) Two mten-tlnc cases of preferred | mand stocks that the market values above the call price are those of Allied Chemical and American Type Founders. Allied Chemical preferred is 7 per cent cumu- lative and of $100 par. It covers its dividend by a wide margin, the average amount available for the preferred stock di nine years having been lmpr.e"mflumumn.mm the disbursement has been earned between seven and eight times, a dcal has no funded | oop) ferred stock is its lef wrnn utuln dressed trade hrnly.lb”h’lhflfih‘nlmkln average, measures until after elec- 1 3 is not so much wb- terest in its stocks, which "are closely held. The preferred mtlgumul-un of 100 par and cal at 106 per share. The market price, | gypily mem,huuu-uumum- 114 and has never been below 106, so arpl that this ;rvfcxumr,; is h::m by‘lnve-- k! tors at & price level, which would mean capital loss o them should the stock [, In cat red American Type Founders ts regular t;‘u on the m-e(e;i return relative to tne qusuty commitment. Needless to say, neither of these stocks have any speculative ap- P T o | 1 s o and if directors take advantage of their privilege to retire them. —— DIVIDENDS DECLARED NEW YORK, October 25 (#).— 00D 0O OOOO PO OOOm PoOR nn‘i ldrs. of A | e e TU. 8. mumt !ml' ‘The United States 11 | announced today Pare Gompany. e, Amer Factors Atlas Natl Bk (O Brers & Ship Ine for 9,775.09. Total ordinary ex- penditures, $13, MZ,IO" 35. el NEW YORK BANK STOCKS NEW YORK, oetober 25 (#)—Over- the-counter market. a3 § 2% & Americs . Bank of U (- Extra. Atlas Nat Bk (Oin). .36 — 2 Bupker i Wi Inv A g A'DL Everdy Co (G BY)..10% — Omitted. .. am e Berkshire Spin_cv First Mortgage Loans On improved Real Estate in the District of Columbia and nearby Maryland and Virginia for 3, 5 or 10 yoar terms on your e 5140 RANDALL H. HAGNER & COMPANY MORTGAGE LOAN COLR) S FONDENT Office Building Business Property New York Life Insurance Company 1321 Connecticut Ave. Decatur 3600 FIRST MORTGAGES INVESTING WITHOUT RISK It’s when one utilizes his available surplus funds in an investment devoid of specula- tive risk that he can feel he is on a firm financial basis. Our 6% FIRST MORTGAGES are such —sound in principal and in fact; because of fixed and definite interest; regularly, paid. Over a Third of o Century Without a Loss May be purchased in amounts from $250 up. SAUL CO. 925 15th St. NW. 8. F. National 2100