Evening Star Newspaper, October 30, 1930, Page 12

TAL_12 e COPPER INDUSTRY | Coxser vone BONDSsmoex sxcunves] |BONDS ARE STRONG FAGES GREAT 0DDS Kongo Pioducers Are Under-| selling U. S. Companies in Duty-Free Market. BY JOHN F. SINCLAIR. Bpecial Dispatch to The Star. | NEW YORK, Ocicber 30.—When | I ennounced in this column last May that Katanga, the big South | African copper compaisy of the Belgian | Kongo, had withdrawn from the Copper | Exporters, Inc, and thus caused a breakdown in the control of the world copper situation, the statement was pri- | vately challenged, but never publicly denied Now F. Pisart and Camile Gutt of ! the Katanga company have arrived in New York “to confer” with American and Canadian copper producers, Wwith view of seeing what can be done to meet the disastrous conditions in-the | copper industry. | I agree that the copper outlook is| “not so hot.” Low pices and over-| production continue. Still, American | producers must have been surprised to | Tead the challenge of Mr. Pisart in the | press: “We can still manage to produce cop- per in the Belgian Kongo at a low cost | and, with efiective economy to help, ! keep the price down’ he said. “We| can continue to go along as we are and { make money, so that any agreement ar- rived at for the benefit of the industry must be wholehearted and include all the world producers in order to have upport.” ke, money? Sure Katanga can, even with copper selling at 9'; cents a und. PO o Katanga can produce copper at 41, cents a pound, As Against an aver- age of 10 to 11 cents for copper pro- duced in American mines. Cheap labor and high-grade ore in the Kongo as- sure this. Katanga pays its unskilled laborers from $1.46 to $7.29 a month, with rations, which amount to only $6 & month. Competes With United States Products. r so0 produced can and does en- ter o URitsd States cuty free, and this plays a large part w1 demoralizing and disorganizing the purely American r mining industry. w%‘l’:;ording to the lest report of the company, F. Pisart and Camile Gutt are not Katanga directors. So plainly they are authorized only to hold “conversa- tions” with American producers. Mr. Pisart has announced that his | Argentine 68 B '58. FINANCIAL. Rece’ved by Privi UNITED STATES. (Bales are in $1.000.) Sales. High. Low. 1019 1016 10218 10218 10319 103 10 1023 1023 108 29 108 26 134 e Wire Close. 1017 102 18 10319 1023 108 29 1135 v 28 3 Lib 4th 41s. 127 US3%Kn'47.. 1 57 11 1135 FOREIGN. Sates High. 3 84 Low. Close. Argentine Argentine May '61. Argentine 65 Ju 59 Argentine 6s Oc 69 1 Argentine 6r A 57. 44 Ausiralia 4%s 56, Australia 6s 5. Austria 78 43. Bk of Chile 6% '61 Batav Pet 44542 Belgfum 68 ‘55 Belgfum 6% Belgium 78 ‘5. Belgium 78 '56 Belgium 88 '41. Bolivar 78 '6S. ... Bolivia 75 ctts'69 Bolivia 85 ‘45 Bordeaux 65 '34. .. Brazil 6148 '26. Erazil 614827, Brazil 7s. Brazil 8s 41, Bremen 7s Canada 6s°31 Canada 5s '52 Chile 6560, Chile 63 6 Chile 7u*42, ombla 6sJan 6 12 Con Pow Japan 7=, Copenhag 4148 53, Copenhag 5s ‘52 Cuba 513845, . Czecho Y3 '5: Dan Mun 8s A 46 Dan Mun 8s B '46 Denmark 418 ‘62 Denmark 5%s 55 Deamark 6 Dutch East I El Salvador 8 Finland 514s " Finlana 78 '60% . . Fram 1D 73%s"42 Krench 7s'49. French Gvt T%s Gelsenkirchen 6534 2 German 53%s'65... 57 941y 1003 109% 108% 1080 934 100 105 102 104 T4l 934, 106% 12014 125 90 85 5% 1083 108% 94 100% 105% 102% 1041 Tho, 934, 1071 120% 125% 3 German 7s rep ‘49, Greek 6363 Halul 635 Hungary 1% Irish Free St 55 ‘60 Haly 18'61... .. .. ltaly Pub Sv 75 '52. Japanese 45 '3 Japanese 5145 ‘65 Japanese 6145 ‘54 Jugos! Bank 7s ' mpany will not curtail production s ‘E\I{ the sanction of the Belgian government or the owners of the prop- This is & very lnvglved statement— difficult to understand. Sir Robert Willia‘:ni (l:l( !?‘mdon !is‘;:\; head of Katanga, but he has nof fit to ul}me to the United States. Why? On fts face, it looks as though the Ka- tanga representatives have no inten- tion of doing anything but “confer. They are in a dominating world posi- tion for the first time in the history of the copper incustry and they intend to hold that position as long as they can. The vast curtailment of copper pro- duction in United States mines and the ruinous conditions American producers are facing have had no effect in the past and will have no effect in the future upon Katanga policies. “This copper situation presents an un- alleled crisis in the industrial a m! of the United States. From the Katanga point of view, Katanga is right. Why shouldn’t the company sell its product in the best copper market of the world—the United States? For one should not forget that 60 per cent of all copper used in world is consumed in the United And yet the United States continues to allow cheap foreign copper to enter duty free, ruining American copper mining, and throwing thousands of American working men out of work, with-ut an official word of protest. It’s » business paradox in American life hard to explain. Price Declines. Some confused thinking is going on right now regarding the drop in retail and wholesale prices. Some people think that retail prices should drop as much and as fast as wholesale prices. But the retailer has nv’l“&h the larger overheads to reckon “A drop of 40 per cent in the whole- sale price of a certain commodity might mean in equity a drop of 15 per cent in the retail prices,” sald Dr. J. L. Fri of the National Dry Goods Association to | this writer in discussing the matter. | So retail distribution costs must be | acded to the wholesale pri And re- | tail distribution costs are generally the larger end of the stick. ‘That's why W. J. Wollman, New York ! banker, stated recently that while the purchasing power of the dollar is in- creasing, the wholesale value of the dol- lar is much larger in proportion than the retail value of the doliar. ““While the retailer will probably do a much larger volume of business on a smaller un’i profit (should prices con- tinue to gg down) his total profit should at least equal to that resulting from a smaller volume at the present prices. And with increased sales come greater employment and greater sales of raw) products,” said Mr. Wollman. . Here's the road to prosperity as Mr. Wollman secs it: i “The only way to cure unemployment | is work. The only way to creatc work ©» increase consumption. The only | w to increase consumption is to re-| du. > prices on all things to a fair and | equitable basis, bringing up the pur-| chasing power of the dollar, and bring- | ing prices down to a level sufficiently | attractive to consumers to impel pur- chases on their part.” I But the American price level has| dropped about 15 per cent in the last | year. Is that not enough? No, Mr. | ‘Wollman, unemployment needs a far | different {™atment to effect a cure. | now a stable price level is far more important than a lower price level, and central banking policy must play a vital part in it. ! Southern Conditions. ; “The entire South, and my own State | of Texas in particular, is in far better shape than is popularly supposed,” said | Jesse Jones, outstanding lawyer and | financier of Houston, Tex. generally | credited with securing the Democratic | National Convention fcr that city in | 1928. “Cotton has come back to 12 cents, | and while at that figure a cotton | lanter cannot grow rich, he can at least maintain his integrity, and that is more than a lot of industries are! doing today. And that leads me to say | that conditions as a whole are better in the country than many people would have us believe, with business recov- | ery already on the way." Jesse Jones, 54, well over 6 feet in height, iron-gray hair, broad-shoul- dered, is a giant of a man. He speaks with a Southern dialect, having been | born in Tennessee. After graduating | from the public schools he entered the ! ! Asso Ol 65 '35. tadt 6s°43.... 5 ug & Toll bs '69 22 6s Milan 6%s ‘52 Montevideo 7s Nord 63s '50. Norway.§s "63 Norway 5% s " Norway 6543 Norway Ortent d. Orjent Paris-Ly M Rio de Jan 8s. R Gr De Sul 63 R Gr De Sulss 4§ Swiss 558 '46 Swiss Confed Tokio bs '52 Toklo 6%s 1057% 105% 87 87 102 101 85 B4y 1% 66 65 1 95% 95% MISCELLANEOUS. AbIUBI P& P 68’83 9 72 Allegheny bs 44, Alleghany 55 '49. Uruguay Urugu Vienna 6s Am T&T 5%s 43 Am W, Wks 58°34 Arm & Co 4%8°39 - Arm Del 515543, . At Gulf 5935 o At Ref deb 65 ‘37, Bell Tel Pa 68 B '48 Beli Tel Pa 55 C *60 Beth St rf 63 °42. . Beth §t pm 58 '36.. Bk Ed gn A 58 Cert-td deb 6 %8 "4 Chile Cop db 53 °47. [ 15 106% 12 111 1 104% 11 101% 9 104% 12 40 raIts 2 60 30 101% Com Invest § Com Invest 63 C C Md 1st rf 63’50 ConG N Y 53845, C Am Sug col 88 ‘31 Denver Gas 351 Det Ed rf 6s B "40 Dodge Br col 40 Duquesne 435 ‘67 Pisk Rub 88 41 Gen Cable 5 Gen Motors Gen PSv5is Gen StCasb% Gen Thea £ Goodrich 614 Goody’r Rub Humble Ol & Hum O&R 63%8 MBTIstpfsA. 111 Steel 4% 840, 1nland Steel 4 %'78 Int Cement 58°48. Int Hydro EI int Match 5 In M M col tr Int Pap 58 A "47. Int Pap 6s ‘65 Int T&T ¢ IntT&T Kan Gas&E %3 '8( Lae G St Lbs'34... Laclede 5% 8 C 53, Laclede 5%8 D 60, Lautaro Nit 68 54 102%, 1055 1011 20 95 102% 102% 103% «103% ¢ 103%5 1031 643 4% THE EVE Direct to The Star Office Sales. Hizh. Low. PacG & E16s'42.. 14 Pac T&T1st Paramount 6s ‘47 Pathe Exch 7 ‘37 Phila Co 58 '67. Phiia & Read 6: Phil Pet 54 s °29 Pillsb F M 6§ Fos Te! & C fs Pressed St C 5= '33, Pure Ol 5= 27 Rem R'd 5148 A "47 Richfi’d O cal 65 '44 Sinel 0 6% = B '38 Sinclair P L 5s* Solvay Am fis 4 So P R Suz 78 '4 Sou Bell T&T SW Bell T 65 A 6 StOfl N J 6846 St Ol N'Y 45 '51. Tex Corn cv 5s 44 Trans Ofl 614% '38. Utd Drug cv 58 '53. U S Rublst fis '47 Utah P& L 6s'44.. Ut Pow F14m"47. . Vert Sug 18t 78 '42. Walworth 6s A *45. Warn Br Ple fs ‘39, Warner Sug 78 '41. Warn Quin 6=°39. . West Un Tel s WEO G137 ww., WIT& Co 15t 6841, Win R A 710841 You St & T 587 1034 RAILROAD. Ann Arbor 4 Atch'on 4s 190, Atchison adi 4 Atchison gen Atcl'on ev 415 Atch Ariz 4V At & Danv At C L 1st 4s'52 R&O4s 4R, R&Ocv4ard & O 41 =60 & O 1st Fu'4R, & O ref F= 05, B& O s D 2000, B&OGs"IS. .., R&O PEWYV ds*dl 10 B&O Swn dy 5550 11 B & O Toledo 45 '50 Ban & Arons 4s ‘51 Bos & Me s 1955, Ros & Me fs "67. RA& Tth Av Brooklvn EI B B R RKIvn UTn T1 F B R & Pitt 4%5'57. Can Nat 415554, Can Nat 4128 '67 Can Nor 614 = db'46 Can Pacific db 4 Can Pac4%='46 Can Pacffic 5 54 . . Can Pacific 4%5'60 Cent of Ga 5= C Cent of Ga 5%s°59. Cent Pacific 48'49. Ches Corn 5n*47.., 4 Ch& O 4%=R 95, C &0 con 5539 Chi & Alt 3 : CR&Qeen 4='58 CREO414RTT. .. CB&Q T1dv 3155'49 Ch & East Tl 5= '51 Ch Gr West 48'59.. Ch M &StPdsa9, Ch M&STP 415 C Ch M St P&P 5z 1l Ch M & St Padj 5s 107 Ch & NW 414 = 2027 Chi NW 43;8C 2037 2 CCC&St L 414 % (E) CCC&SL5sD'63 CCC&StL6és(C) C U Ter 4% 2020.. Clev Term 41877, Clev Term 5%s°72. Colo & Sou 4148 '35 Colo Sou 4%s '80. . Cuba RR5s'52.... Cuba RRrf 714536 Cuba Nor 5%s'42 Del & Hud rf 4s°43 D&RGren 4s'36 Den&R G W bs " DRG& W st5s’78 1 DuSSh & At5s'3 E Tenn Va&Ga 5s o 4 Erie 5s 1967, Erte 55 1975, Fla E Coast §s'74. GrTrafdb Gr Trunk 78 '40. Gr Norgn5% Gr Ner gen 75 '3 Hav El Ry 5%s 51, Hud & M ad)j 63’57, Hud & M rf 58 '57.. 111 Cent 4s8'52..... I11 Cent 4% s '66 111 Cent 5 '55. ... 111 CCStL&N 63 A Int Rap Tr bs '6 Int Rap Tr sta Int Rap Tr 6s '32. Int Rap Tr 7s '32. . Int & Gr Nor 68 '52. Int &G N ad 6s'52. Int Rys C A 58 °72. Iowa Cent rf 4s'51. Kan CFtS&M 4s'36 Kan City Sou 35'50 Kan City Sou 55 '50 Kan City Ter 4560 Leh Valcv 45 2003. 003 o 2 9 moawe nneseS wafia ansumanaoSen pen mwee Long 1sl db bs L & N un 4540 L &N 5s B 2003 Mo Pacific 53 A '65. Mo Pacific 58 F *77. Mo Pacific 58 G Mo Pacific 53 H Mo Pac 5% s ev 49, Ch & St L 4s"78. T & M58 B'54. s. 0 maReEnSoannmm NYC&StLb%EA NYC&StL6%sB NY NH&H 43%s '67 NY NH&H cv 4 NY NH & H clt 6; NY O&W gn 4s NY O&W 1st NY Rys 6s A '65. NY St Ry 4%s'62.. Nor & Wncv 4s'96. Nor Pacific 4897 . Nor Pac 55 D 2047 . Nor Pacr16s2047. " 103% : 106% 10216 102% % 1013 1021 101 99% 291 105 104% 1055% 1035 29% 100% 109 98 9L 1015 BT 40 4 791 104y 60 105 1024 49% 5% 9% | 106% 807 807 861 85 98 104% 102 93% 98 104% 102 938, 101% 911y 893, ol 991y 99 9914 991, 9114 | 100% 10212 107 100% 92 106 1077% 95% 118 106% 33 NG _STAR, | man issues. | pany! lat a | at 987, ON STEADY BUYING German and Brazilian Cred- b4 its Continue Recovery. Junior Rails Gain. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, October 30.—Bonds were | ;| again strong today on a moderate vol- ume of trading There were a number of special de- velopments that affected groups of in. vestments. The Reichstag's rejection of motions to institute a Young plan mora- torium proved a bullish point for Ger- Brazilian credits continued | their recovery under news of further . | consolidation "of the new government's | position and proof of its sincerity by stopping the further issue of paper cur- rency authorized by the late govern- ment. At home, reports that the Van Swer- ingens had obtained control of the Chi- cago & Eastern Illinois put new life into the junior rail group, with accom- ng advances. Further earnings re- ports had varying effects on the indus- trial list. Money rates were unchanged. German issues featured the opening. German government 5',s ran up 3 points at one time. Later they backed down & point, but were actively traded | substantial net gain. German Central Bank 6s, Berlin 613s, United Steel Works 61, and Bavaria 61,5 had advances also. “Two issues of Prussian bonds, 65 of 1952 and 6155 of 1951, were admitted to trading on the Stock Ex- change and were active at a point bet- ter than their previous closing price on the cur H Austrian, Italian and other central European credits followed the upturn. Japanese bonds were fractionally higher. Gains in the Brazilians and other South Americans were not as wide as *lon Wednesday, but they were general. Brazil 625 and 8s, Rio de Janeiro 6155 and 8s, Sao Paulo 6s and 75 (1940), Rio Grande Do Sul 6s, 7s and 8s, Minas Geraes 6 Colombia 6s, Peru 6s and Buenos Aires 6s advanced from frac- tions to 2! points. Stock Exchange! SALES. Capital Traction Co.—10 at 503 ‘Washington Gas Light—5 at 122, Washington Rwy. & Electric pfd.—10 10 at 98'4, 10 at 981, 10 at 9814, 10 at 98',, 10 at 98Y;, 10 at 9814, 10 at 98'4. 5 at 98%,. District National Bank—10 at 210, Federal-American Co.—5 ot 28. Federal-American pfd.—1 at 9814, AFTER CALL. Mergenthaler Linotype—10 at 90%, 10 at 90%. Capital Traction Co.—10 at 50%. UNLISTED DEPT. District Title Insurance Co.—5 at 30. Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Telan 4%s '33... 3 142 | & Telga. 4128 . ctl._tr. 88 L. R. R. Washington Georgetown Gas 1 Potomac Elec. cons. 5% Elec. 6s 1953 & Mt. Vernon ctf. & Annap. 35 5. . | Barber & R 0ss. Ine. Cheyy Chase Ciub $ia w. M Power 527 D . Rwy. & Elec. com. (7). h. Rwy. & El pfd. (3)..... NATIONAL BANK. Capital (14). . C a2 nd (9e) Washington (i3) : TRUST COMPANY. American Sec. & Tr. Co. (15). 350 t (6. 1 & Trust i6). & Trust (121).. s Bank & Trust Union Trust (8§) Wash. Loan & Trust (14) BAVINGS BANK. Bank of Bethesda (6f) Commerce & Bavings (i East Washington (12) United States (30) Wash. Mechanics’ (20). FIRE INSURANCE. Amerlean (12) Corcoran (10) Firemen's (8) s National Union (i) 4 TITLE INSURANCE. Columbia (6h).. Real Estate (6h). i Title & Inv. Co. Md. com.. ..l MISCELLANEOUS. Ross, Ine.. co Barber & m . Crevy Ch Dairy pfd, Col. Medical Bide. Corp. . Sand & Gravel prd. (1) ©. Mfg. pfd. 2uSee ed.-Am Co, Fed.-Am. Co. pfd. ( Lanston Monotype (8) Mer. Tr. & Stge. com. Mer. Tr. & Stge. p! Mergenthaler atl. Mtge. & Tnv. 33238 BY J. C. ROYLE. Special Dis) NEW YORK, October 30.—The women of America have a chance to be better dressed this autumn at lower cost than they have ever been before. They may have to shop around to do it, but execu- tives in the dry goods and women's wear | lines say emphatically 1t can be done. | They add that designers and makers are putting better work and better materials into their products than ever before. | This fact is leading women shoppers to the smaller, cheaper and less Px(‘lll-l sive stores. The more lusive, high- priced specialty stores are feeling the | effects, merchants say, bécause even the | wealthiest women are attracted to the cheaper stor:s by beauty of design and materials. | Price Reductions. ‘The real sufferers will be the French designers, whose products heretofore | have yielded their main revenue from the American trade. American makers are buying a single Paris model and turning out duplicates by the hundreds. | They are taking full advantage of American methods of mass production and of modern equipment and the effi clency of American labor. This plan is far from new but heretofore the du | e plications havc usually been in cheaper materials thar those found in the orig- | inals, and the workmanship of the French needlewomen appeared to stand | alone. | Now the cost of raw dress materials | and of those used in production of lingerte, shoes, stockings, hats, hand- bags, gloves and other commodities is such that the finest materials can be put | into the moderately priced garments. | The retail cost of these garments varies markedly, according to the location and | policy of the store in which they are found. In this city, for example, the French | originals found on Fifth avenue still are HEA n to The Sta ! | the custom in many of the more ex- - WASHINGTON, D. €, THURSDAY, OCTOBER 30, 193Q. . - {WOMEN'S CLOTHING CHEAPER AS COST OF MATERIALS DROPS high in price as compared with the do- mestic dresses. The Fifth avenue de- | partment stores sell the models at a| | marked reduction from these figures. By the time the smaller and less advan- | tageously located shops are reached a well made, well finished duplicate of the original in fine material may ibly be bcught for 10 per cent of the cost of the latter. Effect of Low Rents. The cost varies directly with store overhead. The shops where prices are | cheapest are those which pay lowest | rents, which do a cash business and where the customer carries the article purchased away with her. In these | shops if alterations are necessary they are made while the customer waits and they are not usually charged for, as is pensive establishments. | These trends, according to wholesalers who do business throughout the coun- try,.are in evidence in nearly every city. The wholesalers add that merchants never were buying so carefully or in | such small quantities as now. They | may buy frequently, but they take only a few numbers at a time, and it is no- | ticeable the number of garment sizes is | remely limited. This is true even in the larger institutions, which cus- | tomarily carry good supplies of the less | called for sizes. | Garment producers and wholesalers | are consoling themselves with the knowledge that when the depression is | over and buying commences really to| assert itself there will be a rush to fill department, store demands such as has | never before been experienced in the! history of merchandising in this country. | (Copyright, 1930.) SILVER QUOTATIONS, NEW YORK, October 30 (#).—Bar | silver, 357, DQUARTERS —for— Halloween Costumes and Accessories This big toy and novelty store is splendidly prepared for Halloween. Come in to- morrow and choose, while selection is good. COSTUMES Specially Priced $]1 to S5 New designs. in both comical and beautiful costumes for men. women and the kiddies. Our low prices make it better to buy than to hire. ACCESSORIES Comic Hats, 5¢ up False Faces, 5¢ up Wigs, 50c up Noise Makers, 5¢ up Confetti, 5¢ pkg. ntine, 5c BeToene, 3o up and hundreds of other novelties for your party. Open Late Friday, Halloween Night S Wholesale and Retail GARRISON 1215 E St. N.W. Toy and Nov- elty Co., Inc. Natl. 1586 FINANCIAL. CARTEL NEGOTIATIONS REACH CRITICAL POINT Special Dispatch to The Star. NEW YORK, October 30.—Negotia- tions to preserve the European steel cartel are at a critical point according to cabled advices just received by the Business Week from Paris. Conference follows . conference with no_ agreement. Sales comptoirs, strongly advocated for some time, have now been abandoned because of general inability to control the output of various members in pinched times. France seems to be source of the most recent difficulties, according to the cables. rs of the cartel propose re- turning to the old basis of production regulation France, in the original scheme, was allowed 31 per cent of total | ducers outside A tons. | Because of the new plan allots to France 9,468,000 | French and G annual product'on of 32,287,000 ‘The tol cent of new total pro: S Since the failure of all other | | plans, membe; |¢mm‘ But current French produc~ tien, (2 c29'y cdviios show, now exe ceeds even this figure by 30 cent. Cnmfiurmvfly free from the which has cut into the business of all other cartel members—Belglum, Cer- many, Luxembourg, the Saar, Austris, Hungary and Crechoslovakia—France, with ali domestic plants active, refuses arge a part of her mar- ketable production, pay fines on | above-quota production to benefit com- | petitors. |7 “There now seems to be only three | courses left.” the business ~weekly | quotes its correspondents as saying. “These are complete dissolution, whicl and, therefore, probably only or a separate ngreement of non- interests which would make French pro- along with the British, close contact between man interests, this plan to bo adopted.” is not likel: pecial Night Phones For Delivery Tomorrow Phone Us Tonight Nat’l 3068 | Met. 4500 ) . to 11 PM. On Guard With SUPERIOR Like a watchful sentinel, AGNEW SUPERIOR HARD COAL will shield you from the low tem- peratures of Fall. with SUPERIOR, And, you can have just the right amount of heat, because this carefully sized hard coal is instantly respon- sive to your control. telephone A call. brings prompt service. JOHN P. AGNEW & COMPANY, Inc. 728 14™ STREET, N.W. Phone: NATIONAL 3068 , Look for the Agnew Markers scattered throughout every ton of AGNEW SUPERIOR HARD COAL —then you will know you are getting the genuine Is There a Small Corner wm Your Home That You'd Like To Do Overs Do 1 Now... Smartly and Inexpensively ODAY, more than in recent years, good taste can be combined with economy in planning or re-arrange ing your home. vantageous time to 102°) W Mec *Ex dividend. B Books closed. ‘High. Low. Closs. 102 100% 102 101 101 St L&SF prin5sB 20 S&L&SK gen 68 31. StP&KCSL4%s St P Un Dep 68 '12. San A & A P4s’43. Seab A L rf Seab A L 4s Seab A L cv 63’45, | Seab All 1 63 A'35 Seab All F1 6s B'35 Sou Pac col 4 Sou Pac ref an o - P TeTe I LT Sou Rwy gen 45’56 Sou Rwy bs ! 8% 974 95y 105 1% | Sou Rwy | Sou Rwy 6348 | Sou Ry M&O 4s '3 AsSt L 4s's3 rative instincts. And this is a most ad- exercise your deco- Drapery fabrics, furniture, occasional pieces, lamps, rugs everything needed may be purchased Almost every 'day i ton shops and stor « + « in fact, almost to make a home . .. at lowered prices. n THE STAR you’ll find the advertisements of the Washing- es telling you of the many things that may aid in making your home more attractive. Only by reading THE STAR can you be informed of the many opportunities. . lumber business end from that spread | 1w el out into banking, real estate and pub- 2 lishing. H Many impressive buildings in New | York and other citles in the United States are owned by Mr. Jones, who is Dow reckoned as not only one of the business men of the South, but ‘one of the richest men in the Nation. (Copyright. 1930. by North American News- Baper Alliance.) ELECTRICITY SALES GAIN. CHICAGO, October 30 (#).—The Middle West Utilitics system reported today tdat for the first eight months of 1930 re;’lgemhl ultu of e‘ll;enrmw % Ancreased per cent over me | N period of last year. Rural sales in- Nor AmEd crease .6 per cent, Large power sales Nor 8t Pow 68 B | & P 1st 53 2000 Third Av ref ¢s 60 107% | ‘Third Av 1st 5s 37 94% | Third Av ad) b Un Pac 1st 48 | Union Pae ¢ Un Pac rf 45 2008 Un Pac 4%8'67. VaRR 4%s'62. ... Va Ry & Pow 68 ‘34 | Wabash 434818 Wabash 1st §s'39 It’s surprising what a small cabinet and a comfortable wing chair will do to an unattractive corner, not to men- tion the inexpensive bowl and the flowers (which may be smartly arti- ficial), Ls 3 T 104% 104% 1231 123% 100 100 9% 79% 90%, 81% 1075 94% 102% 99 Ogden&L Ch 45’48 Ore Short L 58 gt Oreg-Wasn Penn gen 4%8°65.. 14 Penn 434870, , Penn 4% 36 Penna 6364 Penn gen Penn 6%s 36 Pere M 1st b8 'Il.c. Shat The Great Newspaper of the Natiow's Capital Lorillard 78 Man S 1st 7% 35 101% 101% 101 101 103% 103% . 59 99% 99 99y 1 15% 15% 15% 4 109% 109% 109% 3 106% 105% 105% 3 1144 134% 114% 2 102% 102% 102% 10 107 106% 107 9. . 8 111% 110% 111% 6%n'63 9 104 1 3 103 1 8 106% 105% 106% . 1 103% Nat Dairy 6% Nat Rad 6%s 7 ty NEog Tl bs b3, Port Ry 68 '42. Por R L&P 7% Read gen 4%s Read Jer Cen 485! St L Ir M'nt 68 °31.. StL IM R&G StL&SFin L& 4 - e R AR B0 N RN BRD~ A |