Evening Star Newspaper, October 30, 1930, Page 15

[N N 4 . FINANCIAL, * GURB SHARES DROP ON TRADE REPORTS Unfavorable News Stressed in Fresh Attempt to Depress Prices. BY JOHN A. CRO! Bpecial Dispatch to The Star. NEW YORK, October 30.—Discouraged by the unfavorable character of business news and the weakness of the preceding close, the curb market opencd lower to- day and continued that trend. Public utilities were moderately strong, but coppers, if the foreign group be excepted; petroleums, motors and Investment trusts softened. Electric Bond & Share was down about a point, but Electric Shareholding, Niagara Hudson Power and a few others main- tained their prices. Cities Service in the forenoon was down to 24, off 1% point. Humble Oil & Refining was the first of the Standard Oil issues to hit a new low for the year. Guif Oil of Pennsyl- vania slid three points to within a small fracti-n of its 1930 minimum. Some of the lower-priced South Ameri- can olls, like American Maracaibo and Venezuelan Petroleum, opened at their previous low levels. Newmont Mining fell 13 points to its t price this year, while foreign copper shares, such as Hudson Bay Mining, Noranda and Roan Antelope, again advanced. Traders, viewing the | copper conference, express the belief | that world restriction on output may make domestic mines severely curtail their production. Ford Motor of Canada A moved downward, losing & point on its first sale as a result of the price reduction of $75 in Fordson tractors. Ford Motor Ltd., eased. Nachman-Spring- field Corporation, which supplies the automotive industry with mattresses and other accessories, declined to new low territory. H H. Franklin Manufacturing com- mon, which was an exception to the motors’ trend, came out unchan at 7 following the omission of the quarterly preferred dividend. ‘Trading in the first two hours amount- ed to 203,400 shares, which contrasts with 205,400 in Wednesday's forenocn session. Today's market was character- ized by the appearance of fewer in- dividual issues and greater uniformity of group movements, Naticnal Fuel Gas and Duquesne Gas furnished contracts by their strength in the natural gas division, where Lone Star Gas, United Gas new and Mem- phis Natural Gas scftened in the fore- noon. New York Transit with a frac- tional gain was one of the few active pipe lines. Glen Alden Coal broke 4 points to a new low of 65. Crocker-Wheeler Electri- cal likewise hit a record low price. Rainbow Luminous Products, one of the C. V. Bob sponsored concerns, which was traded in on the curb until the Piperno suspension early this month, was sald at auction after the close Wed- nesday. Luminous A, which sold around 13, and the B, which was quoted around 4% t‘uw before their suspension from the b, brought varying amounts at auction. One Iot of 93 A shares sold at $175, while two lots of 400 and 337 B shares brought $255 and $250, respec- tavely. Celanese participating preferred was & strong spot among textiles. Indus- trial Finance Corporation lost a point. Prince & Whitely Trading tion was little affected by the Stock Exchange expulsion of two former di- rectors, who also were partners of the bankrupt brokerage house of that name. ‘The trading corporation now is under new management. PARIS BOURSE PRICES. PARIS, October 30 (#).—Prices were essier on the Bourse today. TI DI cent rentes, 88 francs 35 centimes. Five por cent ican, 101 francs 85_centimes. Exchange on Lontion, 123 francs 82 centimes. The dollar was quoted at 25 francs 4815 centimes. © BONDS ON THE CURB 94 107 107 % 91 i E] 85 '68 & E 51571 97 Sm Hdw 6125 '33 881: Tel Uil 5%25 '4¢ C 90, Tel Can 85 C '60 104 z 55 40 99 087 188 1013 10137 10147 156 1023, 102, 102% 1351004 100 ° 100 54 71 22 B st cmrane B! 299900008 .. 299392 8 s 0615 106 1087, 80 100 * 100 * 100 04% 10815 1047 58 86 ° 853, 86 i TOTOTLL IS s e 2 S r Flel x: w Pow & Lt 88 '51 5 99%% 8712 03 Note—AIll stocks are sold in one hundred-share lots excepting those designated by the letter s (80s) (250s) to be sold in odd lots only. Bales— : Add 00. Open. High Low. Close. 2 5 5 5 shows those s Stock and Dividend Rate. 3% Acetol Prod A... 15 Alexander Indust. ... 3115 Allied Int Inv pt (3). 6% Allied Milis (60c)... 4 150 Aluminum Co of Am, 151 97 Alum Ltd cum pf 6). 34 Am Arch Co (3). 2 Amer Austin Car. 30 Am Capital pt (3 60% Am Capital pr pf § 347k Am C P&L (A) (ad3) 8% AmC P&L B (10%).. 15% Am Com P A (b10%) 10 Am Cyanamid (B) 5% Am Br B fd shars. 81, Am Equities 20 Am For Pow (war) ¥51% Am Gas & El (31). 5% Am Invest Inc (B).. 49% Am Lt & Trac (2%). 26 Am Maize Prod (2) 1 Am Maricabo. . 14 Am Superpower. 87% Am Superp pt (6).... 94 Am Superpwr 1st(8) 5 AmU&GB vte 40c 14% Anglo Chil Nitrat 12 Apex Elec Mfx (75¢) 6 Appalachian Ga Arcturus Rad T 4 Arkansas Nat G t Gas (A). NG cu pf (60¢). Art Metal Works. ... 2115 Assc GRE A (a12.40) 24y Asso GEE (A) dbrts 11% Atlantic Secur Corp. 5t Atlas Util Corp. . 712 Auto Vot M cv pf pt 114 Babcox & Wil (19). 2 Bahia Corp. 1% Bahia Corp pf. » Blue Ridie Cp « Blue Ridge cv pf a3 4 Brazil Tr&Lt(b8%). 21, Bridgept Mach (25¢) 241, Buff N&EP pf (1.60). 304 Bulova cv pf (3%).. 5 Burco Inc % Burco Inc (war).... Bwana M Kubwa. 7 Cable & Wire A rcts.. 14 Cable & Wire B rcts. 2% Canada Marconi % Carib Syndicate. . 4% Carnegie Metals. 48 Celanese st pf (7%) 19 Cent Pub Svc A al75 12 Cent St El (k40c).... 4% Centrifug Pipe (60c) 8 Chain Stores Stock. . 15% Chat Ph Al nv (50c). 1064 Childs Co pf (7) 43% City Sav Bk Ltd 4.19. 14, 88 Citles Serv pf (6) 47% Clev EI Illum (1.60). 2% Colon Ofl. ... 5% Col O] & Gas vte. 22 Colts Pat Fire A ( 2% Com & Sou war 814 Com Wat 8v ( ‘whic] ~Prev. 1930.~ High. Low. 13 4% 39% 15% 356 T TN ST TS - FO V- ERR PR =P, 2 B e rowaleBemRee omsmem Consol Laundries(1) 50 Contl Shara cv pf (6) 25 lemer (2) 16% Corp Sec Ch (b6%) 5% Corroon & Revnolds. 50% Cor & Rey pf A'(6).. 84 Crocker Wheeler. 10 Cross & Blk pf(3%). 7% Cr Cork Int A (1) % Curtiss Wright war. 13 Cusi Mex Mining.... 6% Darby Petrolm n (1) 2% Dayton Air & Eng 534 Deere & Co (1.20) 2% De Forest Radio. 4% Derby Ofl Refinin, 1% Detroit Afrcraft. 49 Dow Chemical (2). 2715 Dresser Mfg (B) (2) 9815 Driver Harris pf (7). 3 1% Durant Motor; 18% East St Pow B (1). 4 East Utll Inv (A) 35% East Utll Asso (2 Elec Bond & Sh (b6). 91% El Bond & Sh cu pf 6. 103% E) Bond & Sh pf (6). 15% Elec Pow Asso (1)... 14% Elec Pow Asso A (1) E mpire Corporation. 4 Empire Corp (war). 31% Emp Pwr pt (14.60). 224 Employ Reins (1%). 2 Europ Elecdeb rts. . 1 Evans Wallow Lead. 3 Fabrics Finishing. Federat Cap ($80c).. 11% Federat Metals t1%. % Film Inspect Mach. . 9% Flintkote Co (A).... 18% Ford Mot Can A t1% 10% Ford Mot Ltd 37%ec. 3 Foremost Fabrics. .. 214 Fox Theater C1 (A). 6 Franklin Mfg Co.... 50 Franklin Mfg pf (7). 25 15% Garlock Pki 6% Gen Alloy 8% Gene 1% General Baning 27 Gen Baking pf (3). 12% Gen Theat E o5 35% Gen Thev pf w.i.(3). 69 Glen Alden Coal (8). 1% Gold Seal Elec new. . 13 Golden Center. . 914 Goldman Sach T C 30 Gorham Inc pf (3).. 0 ay Tel 'S (1 115% GrA& P T pf (7) 80'% Gulf Ofl of F'a (1%). 33 Horn & Hard (23).,. 5 Hudson Bay M & S.. 72% Humble O1i (2)..... « Imp Ofl of Can (50¢) ~ Ind Ter [11u Ol (A). 10 Ind Fin ctfs (b10%). 60 Indus Fincv pf (7) 43% Insull Ut (1b10% %) 54 InsCo N Am (13) T4 Insurance Sec (1.40) % Intercontinent Pet n 50% Intl Hydro cv pf 3% .150 18% int Peiroleum (1). 27 Inter: - 9% Int Saf Raz B ( 6% Internat Utll (B) 5 intersiate Equities 915 Irving Afr Chute (1) 1% Itallan Superp war.. 10% Johnson Motor...... 615 Klein H pt pf (§1.20) BROKERS EXPELLED | BY STOCK EXCHANGE. 10 [ | Members of Prince & Whitely THE EVENING STAR, NEW YORK CURB MARKE Stock and Dividend Rate. 4 Kolster-Br (Am 8h). Lefcourt Real +1.85. . ~¥rev. 1930.~ u e 183% 89% 116% 1% 108 13 19% 291 19% 214 4% Shen; Libby McNeil & L. .. Lily Tulip Cup (1%) Lion O1l Ref (2)..... Lone Star Gasn (1) Long Isld Lt (55¢).. Long Isl Lt pf (7) Louisiana Lan & Ex. MacMarr Stores (1). Mapes C Mfg (13%). 1 Mass Util Asso. Mavis Bottling. McCord Rad&M(fg B. Mead Johnson (+41;) Memphis N G (+70¢). Mer Ch & S (1.60) Mercantile Strs (5). Met & Min Inc (1.20). Mexico Ohlo Oil 4 Mid St Pet vtc B. 5% Mid West Ut ( Mo Kan P L (b10%) Mo Kan P L vte. Miss Riv Fuel bd Miss Riv Pow pf (8). Moh H P 1st pf (1).. 4 Montecatini deb rt Nachman Spring. Nat American Co. 4 Nat Aviation. .. Nat Fam St b2 %. . Nat Fuel Gas (1). J Zinc (12%).. ewmont Min (£4. ewport Co (2). Y Merchandise (1) Y Steam Cp n w.l.. Y Transit (11.80). Niag-Hud Pow (40c) 4 Nlag-Hud Pow A w. Niag-Hud Pow B w.. Niagara Sh, Md(40c) Noranda Mines (2).. Nordon Corp No Am Aviat A w: 4 Nor Europ Oi] Corp.. Nor Ind Pwr Sve(6). Nor St Pow A (3)...., Novadel Agene t3%.. Ohlo B Telcu pt (7). % Ohto Copper........ ©Ohio Ol n cu pL(6).. Outboard Mot (B) i Overseas Secur (1 Pac G&E 1st pf (1%) 1 Pac Western Ofl Pandem Ol. % Pantepec Oil..... Pender (D) Gr (B).. Pennroad Cp (20c). Peop L& PAa240.. Pitts& L E (110). Prince & Whit of (3) Prod Royalty (f1) Prudential Inve Pub Ut Hold (60¢). . Publie Util Hold war Pure O11 pt (6).. Rellable St (b5%) Rellance Int (A) Reliance Manag. Reybarn Co. Reynolds Invest Rice-Stix DG (1%4). Roan Antelope Min. . Roosevelt Field Inc.. Roasta Int Corp. Rubberold Co (4). St Regls Paper (1)., St Regis Pap pt (7). Saxet Co....... Schulte Un 5c-$1 St. Sec Corp Gen (40c). . Indallctfs(4%). Select Ind pr (5%).. Shattuck Den Min. .. Shenandoah Corp. ... doah Cp (a3). Sterra E1 pf (6). Silica Gel ctfs...... Smith (A O) (2).... Solar Refining. . Sou Penn Ol (123 ) Southern Corp...... SouthldRoyalty (60e) 8 W Gas Utilities. ... Spanish & Gen (B).. Stand Dredging $60c. Standard Motors. ... Stand O1] Ind (2%4). Stand 011 Ky, (1 80) Stand O1l. Stand O11 Stand O Ohio pf (7). 190; Starrett Corp. Received by Private Wire Direct to The Star Office Sales— Add 00. Open. High. Low. Close. 6 W - % “ 14% 25 1 1% 18% 10% 25 33% 110 ‘@ 1w (380). 6% % 87% 75 124 14% o 85 a% 2 S s - E e 'Y FITIOAE- FOTOTES UV OYOS o) - JOTUIEN - PPIRP PSPV 8 » ] 0 (=TS PROPS 0% - Fopepe e - s g » L JOIOPG . JUTOTOR. [HUPSWOIR » A Se = 1 108 e 7 6 2 1 9 R 2 eb(13l4) 4 hio (23%). 1 N 2 Stein (A) & Co Swift & Co new (2). Swift Intl (13%).... Syracuse Wash Ma B ‘Tampa Electrie (32). Technicolor Ine. Tobacco Pr Exports. Todd Syndicate (4).. Tri-Cont Corp (war) Triplex Safaty G! Trunz Pork 8 (1. Tubize Chatel (B) Ungerleider F Corp. Un N G of Can 11.60. Un Oi1 Asso (32) 4 Utd Corp (war)., Utd Lt & Pow A (1). Utd Lt & Pow pf (8 Utd Milk Products. . Unit Mollasses Ltd. . U 8 Dairy (B).. U S Elec Pow ww. U 8 Finishing. U S Folil (B) (1) U 8 Lines pf (1) U S & Overseas war. U S & Overse: US Playing Cards(4)175 Utd Verde Ext (2) Util Pow & Lt (a1 Utllity & Ind Utility Equit! Vacuum O11 (4). Venez: Vic Finan Cor (40¢). Walker (H) (1), West Auto S A (3).., Wilson Jones (3). Zonite Produets «13: RIGHTS. Peop GL&C. Dividend rates in dolia; 0 4 1% 10 4 9% | payment 1% | D VER dividena | cash or stock o 10 | §% 1o stock |22 in stock. 4 | 3€ in stock 17 101 6% device of putting in market orders to | buy an unusual quantity so as to raise the closing prices of the securities in which the firm was interested, the an- swer to the questionnaires of June 30, 1930, as filed by the firm of Prince | & Whitely did not reflect the true con- | Am dition of the firm. TPartly extra iPi: ayabi < L] ERE 10 o 'Ret "o it '3 % % % ™ 8 14% 147% 6018 T 125 8% 8 63 1% % ™ 16% 30 15 9% 84 Expire. an15 1 10% 10% 10% 10% ased on last quarteriy or semi-amnuai s ctfs. 3 a Petrol. .., 16% 30 9% in stoek. stock. & NEW YORK BANK STOCKS NEW YORK, October 30 (#).—Over- the-counter market: Banx Stobks. Americ: a of U S units Chase WASHINGTON, D. C, * | Boston, Sesinpels SEPTEMBER STORE | SALES SHOW GAIN Increase Somewhat Smaller Than Seasonal Estimates Indicated. Department store sales in the 12 Federal Reserve districts increased from August to September by 34 per cent when allowance is made for the number of trading days. This increase is some- ! what less than the estimated seasonal increase for that period, and the Fed- eral Reserve Board's index of depart- ment store sales, which is adjusted for seasonal variations, declined by 3 per cent during the month. As compared with last year, the ag- ate value of sales in September was per cent smaller, and when allowance is made for the fact that there was one more trading day this year than last, the decrease from last year is about 12 per cent. The decline in the dollar value of department store safes | from last year accompanied a reduction in the level of prices of the goods sold by these stores. Fifth District Sales Fair. Sales in the local Federal Reserve district were only 9 per cent lower than in September, 1929. This is exactly the same as the average sales in the 259 cities in the 12 districts. The Rich- mond district, however, made a better showing for the first nine months of the present year, reporting an average Joss of 2 per cent in sales compared with a loss of 6 per cent in store trade in the country as a whole. The Dallas district made the best September showing, sales being down but 2 per cent. New York and Kansas City sales were off 4 per cent, Minne- apolis and San Francisco districts 5 per cent, and Atlanta 6 per cent. But Philadelphia, Cleveland, Chi- cago and St. Louis were below the fifth reserve district in average sales. For the year to date, however, New York is in the lead, retail sales being off but 1 per cent from last year. The fol- lowing comparison of retail sales by districts was made public by the Fed- eral Reserve Board today, covering September business and retail trade for the first nine months of 1930 and the corresponding period in 1929: Jan.1to &9.33 Total 259 cities .... F. R. District— Cleveland THURSDAY, OCTOBER 30, 1930. STOCK AND BOND AVERAGES By the Associated Press. 'WEDNESDAY, High, 1930. . Low, 1930. High, 1929, Low, 1929. Indi i 19%es 91.0 912 Three years ago, High, 1930.. Low, 1930. High, 1929 Low, 1929.. NEW YORK COTTON NEW YORK, October 30 (Special).— Opening cotton prices today were 8 to 12 points lower. In the near positions prices were affected by the withdrawal of trade buyers from the market. South- ern houses were active sellers. Liver- pool and the continent remained in- active. Opening prices were: December, old, 11.30, off 8; December, new, 11.26, 12; January, old, 11.43, off 12; January, new, 11.41, off 12; March, 11.61, off 12; May, 11.85, off 11, and July, 12.05, off 9. e NEARLY 900 DIVIDENDS CHANGED IN TEN MONTHS Special Dispatch to The Star. NEW YORK, October 30.—The num- ber of dividend reductions and dividends passed in the first 10 months of this year amounts to nearly 800. Those changes being reported now are from the stronger corporations that have been able to resist the effects ol the decline in earnings, but find it better policy to conserve their cash resources. Although some of them had been anticipated, oth- ers were unexpected. The general effect was obviously bearish and checked buy- ing in spite of the fact that the stocks affected have been materially deflated. Where dividends are still being paid, a high rate of income remains. There will undoubtedly be more changes of.this sort in the last two months of the year among the industrials and investment trusts. No indications so far appear of any disturbance in the ranks of the railroad and public utility dividend payers. Richmond Atlanta Chicago St. Louis . Minneapolis . Kansas City . Dallas San Francisco ... —12 —9 —_Ti — 4] ot Trade Comparisions by Cities. Washington makes a particularly good showing lrgl comparisons by cities, which the Federal Reserve Board also presents. The 4 per cent slump in this city in September sales compares with 13 per cent in Baltimore. Birmingham sales were down 17 per cent. Chicago, 15; Cleveland, 15; Dayton, 20; Detrcit, 21; Louisville, 7; Memphis, 9; Philadelphia, 12; Pittsburgh, 6, and St. Louls, 11 per cent Newark and New Orleans made a gain of 1 per cent in September. Columbus, Ohio, did the same and Houston, Tex.. boosted sales 4 per cent. Cincinnati| made the best record of any city in the country with a gain is retail sales dur- ing the month of 5 per cent ashington stands near the top in the comparsions for nine months. The 2 per cent loss is far less than most cities have suffered. In the nine months Baltimore has kept sales up to the level of last yea New York and Omaha, Nebr., e done the same. But sales in Detroit are 20 per cent below last year, 19 per cent lower in Akron, 14 per cent down in Oakland. Calif., and 11 per cent in Cleveland, Four other cities—Chicago, Fort Worth, Memphis and Salt Lake City—are off 10 per cent. Sales Noted by Departments. The Reserve Board gives the percent e of increase or decrease in retail sales by departments in September com- pared with September, 1929. The per- centage average for the 12 districts and for the local Richmond district is pre- sented here: e mond Department. dist. Plece goods— Bilks and velvpts Woolen dress good: Cotton wash goods Linens 2 verin Draperies. ul tery. China, &l DIVIDENDS DECLARED NEW YORK, October 30 (#).— Regular. Hidrs. of Pay- record. Pe- Rate. riod. able. & "Aroostook .87c Do Bt ..o 0o 83 Brooklyn 'Edison.... 52 Bulova Wateh pi#7iac Bur Add Mach....25c Cnilds Co. 0 pr. city of Brking Col’ Fuel & Ir Dela & Hud pS ‘52 Dela & Hud 3228 Diamond Maich’ old. 2 Diversified Inv Tr. Douglas (J pf...51 Duncap Mills. .\ 4 Globe & Rut Fire Gorham “Inc pf. Greenway 57 BI...73¢ & Laugh St.31.23 n $7 .18 LEAD PRODUCTION. NEW YORK, October 30 (#).—World lead production in September totaled 148,506 short tons, against 155,364 in August and 151,356 in July, the Vande WILMINGTO! Capital, Surplus & Undivided Profits Over $2,300,000 3 ustrials. (Copyright, 1930, Standard Statistics Co.) T | March, old, 82%3; new, 82'4; May, old, 729 Fifteenth Street, N. \ HOTEL BILTMORE ilt Ave. at 43rd St. WESTCHESTER COUNTRY CLUB PROVIDENCE, R. L ALSO DIRECT WIRE TO CLEVELAND, OHIO. FINANCIA OCTOBER 29. STOCKS. 50 Industrials. . *#¥ A15 PENNSY WILL BUILD $750,000 TERMINAL Baltimore Produce Depot to Be Erected Near Old Union Station. Special Dispatch to The Star. BALTIMORE, October 30.—A new $750,000 produce terminal will be erect= {ed by the Pennsylvania Rallroad on & GRAIN MARKET CHICAGO, October 30 (Special).— | Wheat. prices were littie changed io- | day, with trade quiet. Liverpool was | | weak, but this was offset by the advance | |in Buenos Aires. December, old, opened | |78% to 78; new, 78%; March, old, | 823 to 8215; new, 823; to 82'i; M old, 83%; new, 84. After the first h: hour, Jecember, old, 784: new, 78! 833 new, 84. Corn was lower under further liquida- tion by local longs. December, old, opened 76 to 76%4: new, 76; March, old, 78%: new, 7834 to 79; May, old, 81'y to 81%: new, 81%. After the first half hour, December, old and new, 76': March, old, 78%; new, 79; May, old, | 81%; new, 81%;. [ Oats showed little change. December, old, opened 36%; March, old, 38; May, old, 39% to 39'y; new, 39's. After the first half hour, December, old, 36!4 March, old, 38; May, old, 39: new, 39'5. Provisions were unchanged. NEW SECURITIES NEW YORK, October 30 (#).—New | securities offered today include: Province of Nova Scotia, $4,404,000 41, per cent non-callable 30-year deb- entures, due November 15, 1960, and priced to yield 4.85 per cent, by a syn- dicate headed by the Bancamerica- | Blair Corporation. | Tex-Louisiana Power Co.. $1,500,000 | first mortgage 5!, per ceut bonds, se-| ries B, due September i, 1960, and priced at 94 and interest, to yield 5.94 | fir cent, by a syndicate headed by E.| Rollins & Sons. BANK CLEARINGS. NEW YORK, October 29 (Special).— New York bank clearings, today, $833.- | 000,000; & year ago, $3,500,000,000. New | York bank today, $157,000 Established 1888 111 BROADWAY, NEW YORK CITY Members New York Stock Exchange New York Curb Exchange . Branch Offices: WASHINGTON, D. C. G. BOWIE CHIPMAN, Resident Partner. New York City: Entrance Rye, New York N, DEL. | doubled, site near the old Union statlon. Work is to be started immediately and construction plans call for comple- tion of the terminal about May 1, 1931. The project, it. was said at the local | general offices, will be independent of | the $22,500,000 improvement program of the road, which has been started in | Baltimore. Facilities it was announced, with ac- commodations for 325 cars One of the features will be a modern brick office and warehouse, covering 45,- 000 square feet. The first floor will be given over to display space for fresh fruit and vege- tables and the second floor will be avail- able for office and auction facilities. INCREASE IN TOBACCO TAXES IS $1,289,547 By the Assoctated Precs An increase of $1,239,547 in tobacco taxes collected by thc Government in the first, nine months of the 1930 cal- ender year, as compared with the same period last year, was shown in figures announced by the Internal Revenue Bureau. The total tobacco tax for the period was $342.737,534, as compared to $341,~ 447,987 last year. The increase was due entirely to an advance in the ciga- rette tax, which jumped from $271, 671,338 last year to $276,204,079 this at the terminal will be | year. The tax collected on cigars declined approximately $2,000,000 to $14,306,- 687, while the tax on manufactured snuff_dropped from $52,384,109 to $51,- 135,755, and the tax on cigarette papers increased from $1,011,652 to $1,091,011. North Carolina led in the amount of tobacco tax, paying $38,534 on cigars, $179,668,405 on cigarettes and $17.- 666,594 on manufactured tobacco. Pennsylvania led in the tax on cigars, paying a total of $4,426,319. $5,270,000 CONTRACT. BALTIMORE, October 30 (Special).— The Consolidated Engineering Co. cof Baltimore has been awarded a con- tract for the new office building of the House of Representatives in Washing- ton. The local concern submitted the lowest bid of 29 construction companies competing. The contract awarded the local com- pany involves $5,270,000. U. S. TREASURY BALANCE. ‘The United States Treasury balance, announced today as of close of business October 28, was $215,441,159.34. Cus- toms receipts for the month to date were $34,801 T?,tfl ordinary ex- can Bure of Metal Statistics reports. 000; a year ago, $43 mwng | penditures, $7.316,514.42. " HARRIMAN & CoO. COMPLETE BROKERAGE SERVICE We engage in the purchase and sale of securities on.a commission basis only. The facilities of our various offices are available for the purpose of making investments or maintaining conservative marginal accounts. W 341 MADISON AVENT'G on 44th St. BALTIMORE, MD. PATERSON, N. J. ° . o National Metropolitan Bank 1814—OLDEST NATIONAL BANK IN THE DISTRICT OF COLUMBIA—1930 15th Street Opposite U. S. Treasury SERVING THE CAPITAL EVER SINCE 1814 EASONED facilities for all your banking require- ments are provided by this veteran bank, which has ‘Why not open a S been serving the National Capital continuously ever since 1814. f['Your Payday and other deposits deserve “Metropolitan” protection. One Dollar or more will start it. avings Account now? For quick response to your | Chase . The seccnd charge was that the part- | Chat Phenix inquiries, Telephone National 1308 lared Guil f |ners were the only directors f Prince | GltY Firm Are Declared Guilty of | Rers wer Iy Trading Corporation, whose |EIE i i i ules. | securities” were offered to the public|Harriman i¥ipintingttinic [in 1920, and that they caused the | Manhat co . — | Frince & Whitely Trading Corporation | b " | to lend 81,500,000 on the unsecured note | IR DDA PN Ty Yot 3. M."Hoyt & Co.. & corpomuonfg-nkm NEW YORK, October 30.—President | owncd ‘or controtied by one of the |Gt 1 Richard E. Whitney of the New York | partners B OFFICERS: GEO. W. WHITE, President. 0. H. P. JOHNSON, Vice Pres. A. A. HOEHLING, Vice Pres., Genl. Counsel and Trust Officer. C. F. JACOBSEN, Cashier. R. P. HOLLINGSWORTH, Asst. o I'N ¥ 5 Do Bf. .. 4 White (JG) & "X 52 1015 1008 1014 Trust Companies. [T i 1% 101% o 3 [ '85, . 10312 1031, 103! 81, 931, 931 00D DOLLLOLOLO 0P DOWOPOOPOOOLOOLLOOOOOOL0E: O Tingen Wis: P 5% nover Bk & e i (' e West Chl 5 Wiscon P&L 85 33981, g i 3710800 18 E 5610213 30| Stock Exchange taday announced from | jthe rostrum the expulsion from the Exchange of Morrison B. Orr and G.| Lisle Forman, members of the firm of | Prince & Whitely, Which is now in| bankruptey. The Exchange announced that the Governing Committee had found For- man and Orr guilty of certain charges and specifications. The substance of ‘ww—With warrants. XW——Without warrants. the first charge was that through the device of borrowing securities and plac- ing them in accounts which were not sufciently margined, and~Arough the on October 6, 1930, the Prince & Whitely Trading Corporation had a debic balance of about $4,275,000 and was long on securities of more than $7,350,000, that no reasonable propor- tion of the securities was segregated and set aside as the property of the Prince & Whitely Trading Corporation and that more than a reasonable pro- portion of these securities had been pledged as collatera] for loans of the| money renewed at 2 brokerage firm of Prince & Whitely. Total sales of the Co-Operative Wholesale Soclety of England for the last fiscal six months amount to $215,000,000, It was further charged that|Chem k & Tr Corn Exchange. .. County .. Guaranty Irving . .. Manufacture; ew York : United States’ Westchester Titll MONEY MARKET. NEW YORK, October 30 (#).—Call per cent today and was available in the outside market at 1 per cent. ‘Time money was dull and unchanged. Bankers' acceptances were ve, with asking rates steady and unchanged. Commercial m‘o‘an quiet & Tt British Mateh Initial. Q Q Q Am & Gen Bec A.12';c Am “Tobacco......31.35 Do B.... RikH Am Rad & St Col Fuel & Packard Mo Trust 3% Compound F.V.N. Interest ack Wheeling Steel. un- Lifkey Grens Paid on Open Savings Oficer. C. E. BRIGHT, Asst. Cashier. A. H. BEDFORD, Asst. Cashier. C. L. ECKLOFF, Asst. Cashier. ROBT. E. BRIGGS, Asst. Cashier. F.E. HILDEBRAND, Asst. Cashier. COOK, Auditor. Until_ §:30 PM, October 31st