Evening Star Newspaper, October 31, 1930, Page 14

A—14 wwe FINANCIAL. [oss o BONDS o ] Received by Private Wire Direct to The Star Office UNITED lTA‘r!& Sales. nw Closs. 45 wl 9 1017 1017 7 10222 1022 10222 44 10328 10318 10318 27 10829 10826 10826 FOREIGN ia Australia 63 5’ Auetralia §%s°5 Austria 7843, Batav Pet 434842, Belgium 68 '55 Belgium 6% Belgium T8 Bordeaux Brazil 614826, Brazil 6%s'27. Brazil 7s. Brazil 8s 100% 106 84 84 964 Canada 6s'31 Christiana Colombia Caba 5%s 45 Czecho 8s '51 Dan Mun8s A Denmark 4% Denmark 6s " Dutch East 1 Dutch East 1 El Salvador 8s Fiat 78 war Flat 75 ex wai Finland 5%s Fram [ D 7%s'42. French 7s '49. . French Gvt 738 "1 Golsenkirchen 65'34 7 German 5%s '65. . . 133 German Bank 6s 38 .46 German 6%s'50... 3 German 7srep '49. 69 Ger Gen EI 78 ‘45 Greek Hungary 7% X Irish Free St 5560 Italy 7851 Jugos] Bank 7s '57. K- stadt Montevideo 7s '52. . Nltherllndl 68°72. % Orient dev 6 Paris-Ly M 6 Paris-Ly M 7s '58. 1 Roy D 4545 ww... Sao Paulo 8 8°5 Swiss 6% 48 Swiss Confed 85 40 ‘Toho El Pow 6s '32 ‘Toho El Pow Toklo b%s Utd King 6% 105% 863, 102% 84% 67 664 96% 961 MISCELLANEOUS, AbBIUDIP&PEs'S3 5 73 73 Ab&St5%s’43... 5 100% 100% Adams Exp4s’48.. 17 91 90% Allegheny 6s°44... 47 90 Alleghany 65°49... 19 90% 90 Allis-Chalm 68°37. 5 101% 101% Am BeetSug 6s'35 4 47 47 Am Chain 6s°33... . 2 101% 101% AmF P 5%s203 Am Metal 6%s '3 AmIGCh5%s’4s Am Int Cor 5% *4i Am S&R 1st 65 °47. Am Sug Ref 6537, MT&TG“‘&I“ 15 106% 1064 20 108% 108 10 102% 101% 90 89 7% 2 69 1101 101 9 107 106% 6 111% 111% 11 10215 1015 11 39% 388 35 91 90 1 58 58 3 101% 101% 15 94% 94 4 324 32 6 106% 106% 3 95% 95% 1102 102 6 10814 10315 4 107% 107 6 8515 85 . 2103 108 31 103% 1034 4 76% At Gulf 59s'6. 68% At Ref deb 53 °37.. Bell Tel Pa 58 B 48 ConGN Y 5%8"45. C Am Sug col 85 31 Denver Gas 5851, De Edison bs"40... Det Ed rf 63 B '40.. Dodge Br col ‘40 Donner St 75 *42 Duquesne 41456’ Fisk R 41 Gen Motors 6s Gen St Cas 538 '49 Gen Thea Eq 6s'40 26 851, 84 Goodrich 6% s 10 1028 100 Goody'r Rub & 3 86% 86 Humble O11 b 6102 101% Hum O&R 638 '62. 3 102% 102 IMBTIstpr6sA. 5 105% 105 Inland Steel 4% 878 2 961 96 IntCement 63 48. 1 98 98 Int Hydro E1 6844 14 95% 95 Int Match b8 '47... 54 10015 99% InMMecoltr6s 41 7 1013 101% IntPapbsA‘4l... 4 T4% Int Pap 68 ‘65. 0% 107% 8514 103 mm 100% 101% Int T&T 68’6 Kan Gas&E ¢ Lackaw St 5s Lac G St L b Laclede 5348 Lautaro Nit 6 Lig & Myers & Lig & Myers 7 Loew's 68 war "41 Loew's 68 ex wi Lorillard %8 '37. Man S 1st 133 42 McCormack 6s ‘34 Midvale Steel 55’36 Mont Pow 68 '43. . Mor & Co 1st 43%s Nat Dairy 6% l’;l 2 101% W1t 6 10314 1034, 2 1031 103% 653 3 101% 101% 4101 101 12 103% 1084 2 80% 80% 4 99% 99 1 15% 16% 6 106% 105 14 1143 114% 1 9w 9% 1109 109 4 102% 1025 2 106% 106 2 110% 110% 2 1085 10315 7104 4 108 4« Nor Am Ed 58 '87 Nor Am E4 § “. NorOT&L 6 Nex 5t Pow b 4i 108 Sales. Nor St Pow 6s B'41 2 105% Pos Tel & C 68 ‘3. Pub Sv G 4%s°70.. Rem Arms 65 A u. Rem R'A6%8 A Richi'd O cal 6s Sincl O 6%s B 38 Sincl O T8 cv A '37 Tenn Cop 6s B Tenn EI P 68 A '47. Tex Corp cv bs *44 Utd Drug ev 6s '53. U S Rublst bs ‘47 Utah P& L 58 Utll Pow 6%s '47.. Warn Br Plc 6s'39. Warn Quin 6s'39.. 37 West Un Tel 63 '51. 2 West UnT 6%5°36 3 Wh Sew Mch 6540 9 Wil-Ov 18t 61533 1 Wil&Co 1st6s'41. 7 WinRAT%s'41.. 2102 YouSt&T5s'78.. 12 103% RAILROAD. Ann Arbor 4s'52... 3 87% Atchison ad) 4s 5 2 941 Atchison gen 48 11 97% Atch'oncv 43s " u 27 122 AtCL4%s'64.... 1101 5 96 €8 101% 60 an & Aroos 4s ‘51, Bos & Me bs 1955. Bos & Me 68’6’ Bd & 7th Av 6s"43. Bklyn.Man 6s'68.. 2 Bklyn Un 1st 68 '50 Bklyn Un E 65 '50. BR&PItt 4%s 67, Can Nor 7s deb Can South 55 62. Can Pacific db 4 Can Pac 4%s " Can Pacific 4345'60 Can Pacific 5s '54. Can Pac 58 ctfs "44. Car Clin & O 5538, Car Clin & O 6s°6 Cent of Ga 55 C ' Cent of Ga 5% 5! Cent Pacific 53 60, Ches Corp 5 Ch&Ogn 4 Ch&O4%sB 95 C B&Q 111 dv 4s 4! Ch & East I1] 58 '51 9 = aroaRBoeNoonrunnaSavsame o Ch M&STP 4%.0 Ch M&StP 4348 Ch M&StP 4%s°89. Ch M St P&P bs 76. Ch M & St P adj bs Ch&NW gn 3%s '87 Ch & NW gn 45 '87. Chi NW 4% sC 2037 Ch & NW con 4%s. Ch & NW rf 55 2037 Ch & NW 633536 Ch Rwys b8 '2 Ch Un Sta 6% 6 C& W Ind cv 48’53 CCC&St L 4348 (E) CCC&S L 5sD’63 C U Ter 43%s 2020... Clev&Pitts 4138 17 Clev Term 58 '73. Colo & Sou 4345 '35 Colo Sou 4348 '80. Con Ry 43%s st '51 Cuba R R 58 ‘52 Cuba RR 68 ctf Cuba RR rf mru Cuba Nor 6%s 42. Del & Hud rf 43 43 D& R Grgn 4 Den&R G W 68 '55. DuSSh & At 58’37 Erfe Gen 4s Erfe Gen R 68 '57, Fla E Coast 6s'74. Fond J&G 4%8°52. QrTrsfdb Gr Nor 4%s Gr Nor4%s ‘71 (E) Gr Ner gen 78 '3 2 Hud & M adj 6857, Hud & Mrt 5- 57 111 Cent 43 111 Cent 4-'5: X 11l Cent ret 4s ‘65 111 Cent 4% 866 111 CCStL&N b8 A. Int Rap Tr 63 Int Rap Tr 68 Int Rap Tr 78 '3: Int &G N ad 6 Towa Cen 1st Kan CFtS&M 4s5'36 Kan City Sou b8 'so Kan City Ter La Leh Val cv 48 2003. Leh V cv 4%3 2003 Leh Val 55 2000. .. Long Islrf 4s 49 Long 1sl db 58°37 L & N 63 B 2003 L&N 1strf5%s Manh Ry 1st Market St Mil E Ry & L bs Mo Pac gen 48 Mo Pacific 55 A "65. Mo Pacific 68 F *17. 60 Mo Pacific 58 G "78. 19 Mo Pacific 58 H'80 8 Mo Pac 5%scv'49. 25 Nassau Elec 48 51. ‘57, NYNH&H db 48'57 NY NH&H 4 %8 67 Y NH&H cv ab s Nor Pacri Oreg- Wash ¢ Penn cv 4%s Aol s RorBaamonE g - Ty o 1% . Pallipptne High. Low. Close. 106% 105% 102% 104 102% 100% 98 69% 10114 88 THE EVE POTATO MARKET. CHICAGO, October 31 (#) (U. 8. De- partment of Agriculture) —Potatoes, 112; on track, 365; total U. 8. ship- ments, 946; steady; trading fair; Wis- consin sacked round whites, 1.60-1.80; Minnesota sacked round whites, 1.50- 1.85; North Dakota sacked round whites, 1.50-1.70; Red River Ohios, 1.70-1.85; South Dakota sacked round whites, 1.40-1. Idaho sacked Russets, No. 1, 2.00-2.1. No. 2, 1.70-1.80; Colorado sacked Brown Beauties, McClures and Peoples Russets, 1.80-2.00. Sales. High. 1 109% 96% PCC&!I LllA. P&EW Port Elul Por R uPflbl Read gen 418 A'97 Rio Gr W clt 484 RIAr&L4%s'34 St L Ir M'nt 6831 Seab A L 4s Seab A Lev 6 Seab All FI 6s A'35 Seab All F1 68 B'35 Sou Pac col 4s°49.. Sou Pac ref 4s '65. . Sou P 43869 ww. Sou P&Or 4%s *77. Sou Rwy gen 45’66 Sou Ry M&O 43 '38. Term As St L 45’63 Tex & P 1st 58 2000 Tex & Pac 65 C'79. Third Av ref 4s'60 Third Avadj 6s ‘60 Un Pac 18t Union Pac Un Pac 4%s°67. Va Ry 1st s '62. Va Ry & Pow 63 '34 Wabash ¢ %8 Wabash 2d 58 Wabash 6% s ‘76 West Md 4852 STEADY EMPLOYMENT IS AIM OF NATION-WIDE INQUIRY By the Associa‘ed Press. The United States Chamber of Com- merce, through a Nation-wide survey, now is making available to emvloy!n the result of a study designed to balance production and employment through management control. Regularization of employment is prov- ing more and more its value as an im- portant factor in the manufacturer's program of the more complete stabiliza- tion of his business, the chamber says, both as to preduction and distribution. Manufacturers have found their efforts to provide continuous employment for their workers profitabls business invest- ments, as no employer can guarantee continuous work to his employes unless his business has been so organized as to permit the most efficient and economi- cal_operation. The analysis now being carried out was not designed as an emergency meas- ure to aid the present situation, but rather as an instrument to reduce the uneconomic and demoralizing effects of insecurity of employment. The tangible results of such programs include elimi- nation of waste due to excessive labor turnover, reduction in overhead costs caused by idle equipment, conservation of consumer outlets, and maintenance of an efficient stable force of employes. The feasibility of the chamber's composite plan is evidenced from indi- vidual reports from manufacturers, who have for years planned their operations and scheduled their production to & predetermined forecast of future growth. One company, by such pro- cedure, has reduced variations from the Fruk to the low point of emphyment om 67 per cent each year to 7 pe cent annually, at the same time uu- mating its total sales a year in advance with at least 95 per cent accuracy. ‘The chamber points out that uncer- tainty or fear concerning the security of their hire often prevents industrial workers from attaining normal efl- clency. Manufacturers who have re- lleved this source of worry report in- creased productivity as a result, with improved morale, the value of which cannot even be estimated. More than 50 business, economic and social research organizations are giving concentrated attention to the problem of employment stabilization and co- operating with the Commerce Chamber in its work. Through literature, con- ferences and individual contacts they are endeavoring to relay to employers generally information concerning the experiences of other employers who have found the plan highly profitable. ‘The study is in no sense offered as & quick-acting panacea for the present problem of unemployment. involves the study“of a plant’s labor relations in all its phases until judg- ment dictates its inclusion in the defl- nite plans of management. CHICAGO DAIRY MARKET. CHICAGO, October 31 (#)—Butter, 7,781; weak; creamery extras, 36; s extra firsts, 34-351; rm firsts, 20-30; fresh current receipts, 24- 27; ordinary current receipts, 20-23. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks va today. London, pound. Paris, franc Brussels, sac 19.41%¢ i 26.83'4¢ Cut in Milk Price Planned. PITTSBURGH, October 31 (#).—The retail price of milk in the Pittsburgh district will be reduced from 14 cents to 13 cents next month as an aid in relieving the existing business depres- sion, according to milk dealers and pro- ducers here. Dr. Clyde L. King, milk price arbitrator of the district, said farm conditions did not warrant a re- duction now, and that consumers or- dinarily expect an increase at this sea- son. U. 5. TREASURY BALANCE. The United States Treasury balance, announced today as of close of business October 29, was $212,547,863.58. Cus- toms receipts for month to date were $35,852,931.26. Total ordinary ex- penditures $7,214,972.75. N‘ | I m M Federal-American National Bank Trust Company DIRECTORS Fred 8. Gloimer, Iron vun.-xr it Warry Bronitent afien, Miteh- oll and Company. K c Bamz, Secretary, Perpetus] Buil Assoclation William A. Wil ‘Prestd ill, ©. Franeis Jonkin, Tnventor "ok s paince Witten 1. Lambort, Lawyer . F. Brenizer, Prosident, Warren ¥. Brenizer 'Company Waiter A. Brown, Real Estate William 3. Brewn, President, Black and White Taxt Company Warry B Carmal. rroll Elee- Arthur The or. 1. Phy Me surance Company Peter W, Ders White b, R Cross Company Bakery t, €. Galliner Company Gam, Treasurer . Saks ompany s Lioyd and Ralleny and Eletrle Pre w. W President, Ewing Ralsh W. Les, ‘Tnsurancs ysictan Dunl : Goorge E. Walker, Lumber. P Wilsen, Brevigens and dent, Washington arris, Harrls and oore and Incorporated yer D, Marks, Washingion Pest £ Mitehot, L e, Catholte Unte restdent, ers Briek Company Br. Charles 8. White, "Eherapesre Potomae Telephone Company Jonn_ Zanier, VING STAR, WASHINGTON, D. C., FRIDAY, OCTOBER_31, 1930. BAKERS SEE SIGNS OF BETTER BUYING Pickup in Cake Sales Taken as Indication of Better Business. BY WALTER BROWN. Written for the Associated Press. CHICAGO, October 31.—The in- creased sale of cakes, cookies and fancy breads is regarded by the American Bakers’ Association as an indication that general buying is improving. Several of the nationally known bakers have advised Tom Smith, secre- tary of the association, that the strict frugality of last Summer and early Fall in the buying of bakers' goods is being relaxed. “While the sales of white bread and a few of the other varieties of bread remained level during the past year, the depression was felt in the disposition of fancy breads and cakes,” said Smith. ‘The association has its headquarters here. 1t also operates a laboratory for the test, by usage, of baking commodi- tles. The organization has 700 mem- bers and represents, in total sales of bakers’ wares, about 60 per cent of an industry that does a business of $1,300,- 000,000 annually. Price Cutting Taboo. ‘The bakers’ organization has steadily warned its members against entering into a _price-cutting war, declared Smith. It h‘l as steadily, however, ad- vised them to base their prices on pro- duction costs. While it may seem strange, re- marked the secretary, that bread prices have not dropped in proj fall in standard grade it not so unusual in the light of an analysis of production costs. “Distribution costs take up several cents of the retail cost of a loaf of bread,” he explained. ‘“Labor, ma- chinery, wrappers, advertising, addi- tional b-kuu ingredients, such as milk, oggs, ortening, all are important factors In tbe production cost.” The bulk of this year's flour wheat crop, hl-\’d Spring and Winter wheat, H' Q' —and today the completion of the merger of the Federal-American Na- tional Bank and the Merchants Bank and Trust Company brings these insti- tutions together to serve this bigger Washington of ours in a bigger way. The larger organization unites in the Board of Directors men whose activ- ities touch every phase of economic and industrial life—men whose lead- ership in business and finance has won wide recognition. A complete Bank- ing Service is afforded in this— A National Bank A Trust Company A Savings Bank rtion to the | lour—from §7 | last January to $4.50 now—he considers | FINANCIAL h largel produced in Kansas mdtheNon muhfimmm— llanpereent. e average is 10 to 10'%; per cent. Per Capita Consumption. Ever since the war the per capita consumption of wheat has been about 8 bushel under the per ctplu II.I_‘l'gP before, 4.26 bushels to 5.3 Baker' Association considers l good result from increasing that per capita wheat consumption would be a better market for the wheat farmer. At- taining the t-war _consumption would . provide a market for an addi- tional 120,000,000 to 150,000,000 bushels of wheat, or as much as Kansas grows yearly. The war campaign to reduce wheat consumption, diet faddists, warmer homes and apartments, reducing the geed for energy producing elemerits, have caused a slump in wheat con- sumption, Smith remarked. . John B. Stetson, jr. former United States Minister to Poland, has pur- chased a seat on the New York Stock Exchange. ‘The purchase followed formation of an investment banking partnership with Daniel S. Blackman under the name of Stetson & Black- man, with offices in Philadelphia. MORRIS PLAN BANK GETS RICHMOND SITE Special Dispatch to: The Star. RICHMOND, Va., October 31 -—-ANIII- - sition of & new Main street site for the Morris Plan Co. of Virginia at Rich. mond was announced today coineiden| ‘llth to start construction of ag new building early in thy Sprln‘ at a cost of $500,000. The pres. ent expansion of the Richmond institu. tion culminates eight years o( devel ment, which witnessed the bank from its original capi !.Alll.uon of $375.000 to its present resources of $11 - 700,000. Thomas C. Boushall is presl- dent of the institution. The Norfolk bank, now me: ‘with the Richmond bank, was the first Mor- ris Plan institution in the United States and was founded in 1910 by Arthur J. Morris, president of the Industrial Finance Corporation. .- FILM rum TO REOPEN. NEW YORK, October 31 (#).—War- ner Bros. Pictures, Inc., and First Na- tional Studios plan to reopen within 30 days to begin production of the 1931 picture program, which calls for 40 to 50 feature pictures each. Equitable Co-operative Bldg. Ass'n Organized 1879 JOHN JOY EDSON, President Assets ...$5,723,083.61 Surplus & Profits 50th YEAR COMP’LE'I‘BD WALTER S. PIAT'I'. Jr., Secreta I 1% nuu ‘i Snbn:npuon for the 99th Issue of Stock Being Received 1S YOUR FUTURE ONSIDERED ? —are you saving to- wards a com- fortable old age? If not, start syste- matic saving NOwW! We will gladly explain our plan for saving! Come in today ! FEDERAL - AMERICAN NATIONAL BANK_ w. Main Office—F and G Streets Depariment JOHN POOLE, rest WILLIAM_JOHN EYNON, dent L WALLER. President cnu, 5. LYODANE, vau C. JOHNSON, (3 uo- rulmuu Alvuun 1 Cou un. Tmn Department THOM A NENRY 8. Autstant ERSKINE GORDON. it AUSREY O nnouv‘ “Auistant s A T Klll.l Assistant Trust Fifteenth nnl H lfeo fleer nu'-‘x PUHARMAN, IN., FRANK E. GHISELLI, Vieo MARRY ). DONOSHUE, Asststant Cashler Dupont Circle e \urn.lt ¢ Cashler Pennsylvania Avenue and Twentieth Street llIl.V GERSTENBERG. Prestdent Brooklan Twelfth and Newton Streets N, E. . SHERWOOD, dent A Safe Deposit Company Capital ..........$2,000,000.00 Surplus .......... 1,000,000.00 Undivided Profits 500,000.00 Total Resources About $24,000,000.00 Federal-American National Bank and Trust Company GM—W I 3 OO KL 1Ty