Evening Star Newspaper, November 5, 1930, Page 15

1 . @iven as Chief Cause for ; :“Recession.” - BY JOHN A. CRONE. a] Dispatch td ‘The Star. wer, Gas & * Consolidated Gas of Baltimore likewise deciin & Electric was sold its weekly power production ed & decline of 5 per cent. United & Power A, however, eased despite act that 12 months’ net showed 1 EE g g ravana (11 i i PRy S £ ] cutter and cutter, 2.7584.00. gheny . Allison Drug St (A). Aluminum Co of Am, Alum Goods (1.20).. Alum Ltd eum pt 8). tin Car. ..o Am Cyanamid (B) Am Equities, ,. Am For Pow (war).. AmGas& El (31)... 5% Am Invest Ino (B).. Am Invest (war).... Am Laund Mach (4). Am Lt & Trac (33%). b Gas. ... Arcturus Rad Tube.. Ariz Com Mining. .. Arkansas Nat Gas... Ark Nat Gas (A) Ark N G cu pf (6! Blue Ridge Cp (40¢). Biue Ridge cv pfas.. Brasil Tr&Lg( o Buft N&EP Burco Ine, Burco Inc ev p! . Butler Bros (30c).... Cable&W pf rets'19c. Canada Marconi P F00O®me Mmooy t Cent 11l Pub S p2(6: g“‘:‘. k40 ‘ent St Bl (ké0c) Cént St EI pt (8) dw. g;::flg:rl;lp- (60¢) s 3)ears % Chat Ph Al n"’ll)u)-. Chtlds Co pt (1), Citles Serv (g3 g‘:“ll.'lll" DL (6)..0 v lum (1.60) o 7% Clev Tractor (1.60. ¥ . Club Aluminum Uten P11 - Candmmame - 2 Consol Copper. ...« Cons Gas Balt (3.60) A Gas Util A .20, Laundries(1) Consol Retail 8 Cons Royal OM ( Contl Sharé cv pf (8) 25 Cooper Bessemer (2) COrd Corpessec.ssas Cor & Rey pt A (8),u Carroon & Reynolds. B h e o 00 6% Darby. Petrolm n« % Davis Drug Broces. g (1] 12% Douglas Air (76, 81 DressSR (A) (3 26 128 | Duke Power (J15. 1% Durant Motors. 20% EastQ & F Asso. 18% East St Pow B (1, 35 ::t Uti] Asso (2. & it Util Inv (A). 5% Eisler Electric Corp. 50 Elec Bond & Sh ( 91% Kl Bond & Sh ou pt 6. 103% El Bond & 8h pf (6).. 16% Eles Pow As80 (1)..7 14% Eles Pow Asso A (1), 26% ElPow & Lt op war., 12 Elec Sharehold (§1) 2% Empire Corporation. & Empire Fire in; 31% Emp Pwr pt (1 SEEi%aaly TromneR R enon ormte Do o 0050150008 wta s g0 .._ au Egmes § $3§aCass - s L e B et 40 - S Fox Theater Cl (A)., 34% Gen Thov pf w.i e 1 34% Gen Tire & Rub (16). 10s 100 2 1 1% & A (2) Graymur Corp Grt At&Pac nv Fire Asso (3) Gulf Oll of Pa (1%4) Imp O1l of Can (50¢) Ind Pipe L new(13) oo ind Ter Illu Ol (A).. Insull Ut (1b10% % ). InsCo N Am (13).... Insurance Secur 708, intercontinent Pet n. int Petroleum (1)... Eanunond - L = - MEN PAID HIGHER THAN WOMEN IN RETAIL STORES -| working in 5 and 10 cent stores recetye on an average $12 a week, 7.per cent of Emnsattmms o the Alcxander Hamil- | Recatved by Privats Wies ' Direct to The Star Office 83% Long 113% 107% Long 5 1 Louisiana Lan & Bx. 20% 10 MacMarr Stores (1). 2% 18 Mfg Finance v 49% 37 Mapes C Mfg (13% 5% Mass Util Asso. % Mavis Bottling. . 5% Mead Johnson (14i4) h G (170c). - - - s CE T - e Y Mid W Utey pf xw 6. Mid West Ut B (w.i.) 50% Midvale Co (4).. 7% Mo KanP L (b10%). » e~ 27% 112 103 Miss Riv Pow pf (§). 50 108% 104 Moh H P 1st pf (7).. 1 55 28 Moore Drop F(A)(6) % % Mount & Gult (8c) 12% 5% -Mount Prod ( 12% 6 Nat American Co, 21% 4% Nat Aviation.. 51% 31% NatBa&sShepb 20 5 Nat 'ln; gt b2y 12 oc 26% Nat Sugar NJ (2). B vanriuaeRiGibl it 8 8% Niagara Sh, Md(40c) 22 Niles-Bem-Pnd 12%. 5% Noma EIl Corp (80c). 44% 13% Noranda Mines (2). 1% % Nordon Corp Ltd 95% Nor 8t Pow pf (7) 31% 16 N W Engineer (2) 839% 22% Novadel Agene {3 1% % Ohlo Copper. 11% 5% Ollstocks Ltd % Pandem Of1 9 e B o o 20% Plymouth Oll (2) 6 Poterero Sugar. 3 Premier Gold (24¢).. % Prince & Whit (25¢). 12 Prince & Whit pf (3) 4% Prod Royalty (f1). = E T L L Ty - = - Bl 29% 1% 2% Rossia Int Corp..... 64% 35 Royal Type (13%). 12% 6% Royalty Cppft180., 4 147 106 Safety Car H&L (8). 1 210 3 Safeway S w(2d)(C) 70s :‘W 1:% Bt Regis Paper (1).. 26 1% 84 4% 25 I3 » mRammRemee 10% %% 9 12% 844 henandoah Corp. Sh doah (c.p) (a3). Standard Motors. ... Stand Ofl Ind (3%) tand O1) Ky, (11.80) 48% 41 Stand Oil, Neb(t3%) 108% 52% Stand Oil Ohio (2%).150s 65% 116 Stand O Ohlo bt (7)., 108 1 40% Stand Ppw & Lt (2) ~Btand P& L B (2) - ™ ShBeren e aBuBuanen ‘Tubize Chatel (B)... Twin 8t NG A pt (1), Sofrabe forey B Utd Gas pt (7. Utd Lt & Pow A (1)u Utd Lt & Pow pf (8). Utd Profit Sharing. .. W R oo B am .. B i abusielasBastatasd - RICHTS. Expire. 11% 10 Peop GL&C...Jan 16 Dividend rates in doliars based en 5% | ducers are INDUSTRY-SEEKING BETTER PRODUCTS Scientist and Engineer Are’ Devising New Articles in Many Lines. Special Dispatch to The Star. NEW YORK, November 5.—Ind is seeking new pots of gold in the engi- nzenn{ laboratory. Utilizing opportu- nities for research in the present degm- sion period let-down in sales activities, the scientist and the engineer in the metal - working industries particularly are creating mew products and rede- to the sum- = Ammcfln:n Nt o htll all ""f“" . New metals, new alloys and new colors. are making possible new developments in industry, and the home and the factory alike are affected. “In the metal-working industry, which is made up of 31,049 plants whose prod- ucts valued at §15,938,000,836 annu- ally,” states the repo‘r;. ';’,l:nflnz pro- preparing boratory for that quickened demand for new products which will come with the re- turn of the Nation’s. buying power to normal. Any manufacturer who is sit- ting back waiting for better times, and who is expecting to make these better times with his last year's product, is not likely to encounter even good times. His competitor may be found to have accumulated the whole bag of tricks.” Seek New Designs. Manufacturers in the metal-working fleld in all sections of the United States submitted information for the survey study. Eighty per cent of these report- ed that they are paying more attention designs th! {1’“ than they did Ninety-eight per cent have ed on improved products in 1930, and 99 per cent report they intend to 4 | work on the .development of new prod+ { products are valued at'$141,793,184 an- P The mieth1-w report further IN SALES RECORDED on re- | Federal Reserve Bank of At- OUTLOOK FOR CROP lanta Notes Improvement in Crop Prospect. PRICES IMPROVES === Although General Tendency Has Been Downward, Mar- ket Shows Better Tone. ‘The general price tendency of farm roducts was downward around the 1st of lovember, but there were a few encour- aging features, says the United States Department of Agriculture, Bureau of Agricultural Economics, Market News Service. The tion of dairymen was quite favorable, with butter markets holding at fairly satisfactory levels and cheese a little higher in Western pro- ducing sections, while prices of some leading milifeeds were ten down- ward. Some vegetables, including po- tatoes, cabbage and onions, have been selling lower the past few weeks, but prices of fruis have held nearly un- changed. Grain was perhaps the weak- est feature, reaching lowest points all season, ewing y to heavy supplies and to the nature of crop and market news in foreign grain producing and consuming regions. Cotton and live stock held up rather better than Business conditions have remaine - usually unsatisfactory. g com- modity prices in some foreign markets offered a little encouragement, since e ot e early 0~ 'vember, Imv.pm tending the North and West. Western New York round white varieties held near $1.00 per 100 and -1 jobbing markets were slightly lower on instruments to guns, ammunition and from organs, radio and g o to 5'3' machines, air :'olmprm ol fleld tools, turret lathes, food, textile and paper mill machinery, domestic ironers and . high-voltage % | equipment. In the early stages of their developm: ent, 20 years ago, molded parts ‘were e.nnn‘éd e;:l‘unnly to the elec- 1 which made its first Green Mountains from Maine and Can- ada, also on Eastern round whites. Apple Market Dull. ‘The Potomac-Shenandoah Valley re- ported dull markets on barreled apples and most sales averaged close to $4. ‘Total apple shipments are still decreas- ing. The. Virginias shipped 840 cars the last week of October and New York 925. Washington apples continued to move actively at the rate of about 500 cars daily. Apple sales were draggy in consuming markets without much change in price. * Onnions and Cabbage. ‘Western New York onion shi 150 cars daily in early November. Prices of cabbage declined in most bile | city and country markets. ln’ try Shipments greatly around November 1, amounting to about 300 cars daily. New York reports showed Danish cabbage selling lower in bulk at $10 to 811 per ton. lecreasing n “""mcm SHARP DROP IN IRON ring the preceding pr Accordingly, killers were able lhdévresvflmwmeuumofw to 60 cents 100 g:undl, as com- pared with week before, but there was some recovery the first week of ovember. Lambs were the only kind of live stock showing good advances the last week Fat lamb values ad-, ewes and to $8.25, with top of $8.50. —_— %= | RESOURCES OF NATIONAL BANKS GAIN OVER 1929 By the Associated Press. showed decreases of ,674,000 $308,799,000, respectively, for 3 and 12 etal | month periods. Connecticul “!.‘_Lmhm California and Mis- sous In the total of 31,049 metal working plants in the United States, the survey e 't 346 workers and turning out products valued at $202,732,126 annually. Electrl cal machinery _manufacture Tequires ' its and 252,851 employees finflnfil tv"-l‘mdmmm‘-‘iuu u ,733,820,684. GRAIN MARKET - - CHICAGO, November 5 (Special).— The wheat market was lower today ul’:’; 75; March old, 78%; new 78%; May old and new, Corn was easier with wheat, May selling at new lows for the season. De- cember old and new opened 71% to 71%; March old, 74% to T5; new, 75 old, 77 to 77%; mew, 77 to T7%. the first half hour: December of 1929. mits at 20 cities and the district as a whole were 4! and 32 per cent, respectiv the first nine months of 1! 12 per cent and outpu cloth and yarn mills in this distr] cent and 18 per cent, respectivel smaller than in September. last T, Output of pig iron in Alabama d SO0, TR [PREGSOFOPTAL Long-Term Interest Rates on New Issues Not Far Above Pre-War Level. in September and was less than in Sep- | and . tember last year, while production of bl ous coal increased over August, but tinued smaller than at the same in the volume iward in | ve Debits to individual accounts increased rtentm Al but were about 15 per cent smaller in September last year. Bank Credit. - ‘The volume of reserve bank credit outstanding at the Reserve Bank of Atlanta, as ted its of bills en - ecurities, teiy 8 millions of dollars 1 by approximal between Septembar 10 and October 8. ‘These total holdings on October 8 were 9.5 millions above the total on April 9, when they were the lowest in about {five years, but were 35)2 millions less than on the same report date last year. ldings olthldluounud bills. and of bills ‘September 10 and somewhat less than a year m Because of the issuance of roximatel 4 millions of dollars for shipment to for the account of another Federal Re- serve Bank the latter part of Septem- ber, credit “for which was received through the gold settlement fund, there was a substantial increase in Federal Reserve notes in actual circulation, and in cash reserves. PRODUCTION SHOWN Weekly Review Reveals 8 Per Cent Curtailment in the Daily Average Rate. ORK COTTON Novunbell',i (Special) — R Equitable Co-‘operafiv'e;u Bid OI‘FH 1879 JOHN JOY EDSON, President 1.50a1.75; North 1.508 ; South Dakots, 1.35a1.45; Idaho, sacked % 1.90a2.00; No. 3, 1.56a1.60; sacked Brown Beautles and McClures, 1.70a1.85; fancy higher. CHICAGO DAIRY MARKET. REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD o F D 1520 K St. NW. National 0478 u-mum-n-uo_-—‘ Thomas J. Fisher & Company, Ine, Money on Hand to Loan em First Deed of Trust 6% Interest W . JAMES F. SHEA 643 Louisiana Ave. N.W. DODGE | REDUCED! THE TREW MOTOR CO. 180911 14¢th'Se, N. W, In Investing Money After all it is the steady, slow accumulation that brings the Capital Resources, $3,800,000 24 JACKSON PLACE s . Ass’n Je. g 723,083.61 Surpius & Profits Subscription for the 99th Issue of Stock Being Received