Evening Star Newspaper, November 7, 1930, Page 15

"CURB ISSUES DOWN ¢ ON SELLING DRVE Many ‘New- Lows Recorded . @s List Is Subjected to Heavy Pressure. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, November 7.—Scores of new lows were registered in virtually every section of the curb market to- day when the hesitant tone at the opening was changed into a positive downward trend. Public utilities, industrials and invest- grent trusts joined in the descent. Elec- tric Bond & Share, Middle West Util- ities, Great Atlantic & Pacific Tea, Gulf ©Oil, Cosden Oil, Pennroad Corporation, Deere & Co. and other representative stocks moved into new low ground for the year. Citles Service was off only fractionally. Selling today was unlike that of the prece session in two respects. Thare were fewer big blocks, which accounted in part for the smaller volume in fore- noon dealings, and offerings were dis- tributed over:the entire list. Sales in the first two hours amounted o 288,300 shares, against 365,300 in the same pe- riod Thursday. Public utilities scored the largest number of new low quotations in the first hour, but thereafter these were distributed more equally throughout the list. Electric Bond & Share, Middle rest Utilities, United Light & Power “A,” American Light & Traction, Cen- tral States Electric, Electric Sharehold- ers, Niagara Hudson Power, Long Island Lighting, Commonwealth & Southern warrants and Consolidated Gas of Bal- timore were a few of th: power and light securities that crashed to new minimum levels for the year or longer. The selling climax which —many market letter writers predicted for to- day may not have been reached, but the movement that did occur was of sufficient strength to make traders specific favorable developments. Vacuum Oil declared not only the regular common quarterly dividend but an extra as well. The initial response to this news was an over-night gain of 1% points, which was erased rapidly as olls were wn on the market. Humble Oil, Gulf Oll, Cosden & Lion and equally diverse petroleum issues tumbled into new low ground. The liquidation of carrier shares on the stock exchange was mirrored on the curb in thehddde‘;l;ne of Pennwroad Corporation, a company; a new bottonr. - Railroad shares, which only today stated its liquidating value as ur“f‘)pwher 22 at $8.09 a share, slid into low of 4. Great Atlantic & Pacific Tea has had record sales thus far this year, and its gain in net profits was sufficient to warrant the payment of a 50-cent extra dividend recently, yet on a relatively today the stock toppled spread. Driver Harris open points, within a fraction of its old low. Plerce-Governor was a vulner- able spot in motor accessories. Horn &H;&Mmcmwlnewhwm the chain group. The. curb ldmmcr today the follow- Service of the Greyhound Corporation participat- ing preferred. + @ives Order for Iron. NEW YORK, November 7 (#).—The American Radiator Co. has contracted for 50,000 tons of pig iron for Fall and early 1931 delivery. ° FIRM PLANS EXPANSION. NEW YORK, November 7 (#).—Hayes Body Corporation has offered to - chase . Central Ohio Steel Corporation. Holders of the, 32,000 common shares of Central Ohio Steel have been offered Hayes Body 10-year 6 per cent bonds exchange for their stock on a basis of $26.50, par value of bonds, for each BONDS ON THE CURB Boles in ousands. 16 Alabama Pw 4%s ‘Aluminum Co 3 S ‘QEFP o stal™ Lol i o 83283RB28! S 3353833 FEE g 3! 3 ® (3 i 858 Boe »e30 & 2 S5eansasiase =saEsaee & s ity RO e 3ot BT EELY & W 3 Zaumgaiise (5 o-;.‘.«.un g RS =00000M 3 8 8 PENTESEE e LEE ¥ 333332288028 ,. 33338555 s0sg S anSroammsmntiaom: £44 3323353 s 6s A 43 West Tt West “ui -.‘.\...u..o.u;n“ #z AR R T 88 e ] £ 2e3gsezs E e §1 &= 2233 i Ao 5 5 €38 3SsegaSe28n3gs5s 23 -} 2] Se8 T T @, oo’ FE TR 5823528 o En ok F5ge 98222228 &1 53 83! TS eSS o] 3 a>aw - S e £ i 1 25" eessmas 3 ] =233322205828 38E75 5 238 pehw thw PAL Cs ley Mfg 68 24 Gus & E S .4 SRR DR L anaiman 1030.~ Low. A del 3% Acetol Prod A. 4% Aero Supply ¢B) 7% Aero Underwriter: 12% Afliated Prod 1. 76 Agfa Ansco pf.. 89 AlaGr Sou (17). 12% All AmGen Corp. 2% Allegheny Ga: 111% 106% Alu Co of Am pf (6) 24% 1 3% % 9% 2% 61 106% 1 183 Alum Goods (1.20) 81 Aluminum Co Ltd. 1% Amer Austin Car. 8% Am C P&L B (10%).. 16% Am Com P A (b10%) 10 Am Cyanamid (B) 5% Am Founders Corp 821 Am Gas & El (31). 94 Am Superpwr 1st(6) 87% Am Superp pf (6). 4 AmU&G B vte 40c., 1% Am Yvette new wi... 4% Anchor PF (b10%)., Gas. . 1% Ariz Com Mfning,... 7" Ark NatGas (A).... % Asso Dyeing&P cod.. 4% Assouiec Ind (30c). 20% Asso G&E A (212.40) 2 Asso G&E (A) dbrts 8 Aflantic Coast Fish,. 5% Atlas Util Corp. . 54 Auto Vot M cv bf pt.. 24% Aviation Cor of Am.. 14 Babcox & Wil (19) 1% Bahia Corp. 1% Bahia Corp p. 14% Bickford's Inc (1 13% Bliss (E W) Co (1).. 3% Blue Ridge Cp (40c). 324 Blue Ridge cv pf a: 9% Bower Roll Bear (1) 20% Brazil Tr&Lt(b8%) 23% Brit A To B 1.78 10 24% Buft N&EP pf (1.60) 304 Bulova cv pf (3%) 53% Bunker HIll & § 1614 2 Burma Corp (t31¢) 2" Bwana M Kubwa. 2% Canada Marcon!. % Carib Syndicate..... 48" Celanese 1st pf (1% ) 16% Cent & SW Ut b6% 3 Cent Atlantic States. 045 Cent Maine pr pf (7). 23% Cent Pub Sv Del,. ... 19 Cent Pub Sve A #1.75 11% Cent St BI (k40c). ... 67 Cent St El pf (6) xw. 8 Chain Stores Stock. . 15% Chat Ph Al 1% Clev Tractor (1.60).. 2% Colon Oil. . ). 10 Consol Laundries(1 108% 101% Cont G & E pr pf (7). 50 Contl Shars cv pt (6) 1 98% 109% 1 39% 37 8% 32% 108 1 Creole Petroleum cker Wheeler Cross & Blk pf(3%). Crown Cent Petrol.., Cuneo Press (2% ). Curtiss Wright war. % Cusi Mex Mining.... Darby Petrolm n (1) Davenport Hos (2).. Dayton Alr & Eng... Deere & Co (g1.20) De Forest Radio. Del Air Ltd ret 50c. Detrojt Aircraft. .... Diamond Match new, Dia Match cu pf (n). ¢ Doehler Die Casfing. Douglas Alr (75¢)... Dow Chemical (2). .. Dresser Mfg (B) (2). Driver Harris new Durant Motors. . 20%, East G & F Asso. 18 7 Bast St Pow B (1 5% Elsler Electric Corp. 45% Elec Bond & Sh (b6). 91% El Bond & Sheu pf 6. 03% E] Bond & Sh pf (6). 14% Elec Pow Asso (1).. 13% Elec Pow Asso A (1) 25% El Pow & Lt op war. 11% Elec Sharehold (1) 82 El Sharehoid pf (a6) % Empire Corp (war), 31% Emp Pwr pt (14.60)., % FEngineers Gold, 2 Europ Elec deb rts 1 Evans Wallow Lead. % Fabrics Finishing. .. 1% Fairchild Aviation 11 Flat rets (1.26) A 10% Ford Mot Ltd 37%c. 21 Fox Theater Cl (A. 6 Franklin Mfg Co 2% Galena Ofl Corp. .. 15% Garlock Pkg (1.20).. 5 Galvestn H El pf(6). 8% General Aviation 1% General Baking. 27 Gen Baking pt (3 9% Gen E Ltd ret (50¢! 55% Gen G&E ev pf B (! 26 Gen Petroleum wi. 12% Gen Theat Eq w.1. %) Gleaner Harvn (2). Glen Alden Coal (8 Globe Undwritrs 30¢ % Gold Coin (new) - S e - BrfonudBiannna s S e ORS00 i 0o 090095 <1 30 00 e O Sormmie - g1 NoT— & o 501 Grt At&Pac nv 15.25. 4% Groe Strs Prod v.t.e.. 20% Guard Fire Asso (2). 71 Qulf Oil of Pa (1%). 5 Hollinger Gold (80c) 267 Hormel (Geo) (2) 23 Horn & Hard (2% 4 HudsonBay M & 72 Humble Ol (2). 5 Huyler Strs of De 2514 Hvaro Rlee See (2).. 2% Hygrade Food Prod. 15% [mp O11 of Can 180e) 21% ind Ter 11lu 01l (A). 22% Ind Ter fllu Ofl (B). 21% [mp Tob Gt Brit t89¢ 10 Ind Fin ctfs (b10%). 60 Indus Finev pf (7).. 43% Insull Ut (tb10% %) 54 InsCoNAm (8. ., 7% Insurance Secur 70¢. 8 Sefawna - ~Prev, 1830, High. Low. o ; WASHINGTON, Stock snd . Bales— Dividend Rate. ~ Add 00. Open, High. Low @lose. % Magdalena Synd.... " % 87 MapesC Mfg (13%). 1 7 Mass Util AsS0.....7 Mavis Bottlin - Mayflow Asso . Mead Johnson (143 ) Memphis N G (+70¢). Mercantile Stores(1), * Mer & Mfg SA (1%)+ & Mer Ch & S pf A 6%.. Mesab! Iron. . .« et & Min Ino (1.20), Mid W Ut ov pf xw 6. Mid West Ut B (w.l.) MidStPr2dpf...... MoKanPL (b10%). 1 1 1 ° 3 8 7 1 1 5 1 1 0 1 3 3 0 1 5 4 3 Mo Kan P L vte..... 31 Miss Riv Pow pf (§). 708 Montecatini debrts.. 2 Moody's I S pt pf (3) 1 Moore Drop F(A)(6) 1 Mount Prod (1.60)... Nat American Co. Nat Pow & Lt pf D. C. ~Prev. 1930.— High. Low. 19 Utl&Indpf (1%).w 6% Utility Equittes. 59% Vacuum (14%) 1% Venezuela Petrol. Vogt Mg Co (2)easi 28 Walgreen Co 5% Walker (H) 1% Watson (J W) Co. : BUSINESS OUTLOOK 15 SUMMARIZED Varied Prospects Seen for Rest of Year in Lead- ing Industries. Special Dispatch to The Star. NEW YORK, November 7.—Current 5 | indications of the trend in various di- &S 6 6 100% 100% Nat PubSv A ( 19% 19% New Eng Pow (2). 6% 16% 29 7 1% 14% 21 74 14% 110% 110% 25, 25 2t 8474 84% New Eng Pow pf 108 New Haven Clock(1) 1 N JZine (12%)...... 10 Newmont Min (f4).. 14 New Mex&Ariz Land- 21 Newport Co (2).. 11 N Y Steam Cp n w.i NY Tel pf (6%). N Y Transit (11.80). 3 14 Niag-Hud Pow (40c) 278 1 52 + 1758 114% 114 15% 1% 11% Niag-Hud Pow Aw.. 49 2 2% Niag-Hud Pow B w.. 26 Niagara Sh, Md(40¢) 14 Noma El Corp (80c). 2 Norands Mines (2).. 10 5 5 8% 8% 7 7 15% 15% ) Nordon Corp Ltd. 10 % No Am Aviat A war.. 3 1% 1% Nor Europ Ofl Corp.. 4 1% 1% Nor Ind Pwr Sve(6).225s North Wevpf(3)... 1 20 96 26% 26% 10 Nor& So AmCorpA. 8 10 Nor St Pow A (8) Nor St Pow pf (6) 133 133 6 .. 108 98% 98% Ohio Brass (B) (16). 50s 65 65 Ohio Copper........ 2 ko) % Oilstocks Ltd A 50c.. Outboard Mot (A)... Pac G&E 1st pf (1%) Pac Western Oil.... 5% 5% 5 5 27% 10 Pandem Oil Penn Gas&El (al1% Penn P & Lt pf (7). Peop L & P A a2. Pepperell Mfg ( 8 8 2 ;4 4 Pantepec Oi 6 1 2 1 1 1 ertect Stove (4%) etrol Corp war Philip Morris Ine Philippe (L) A t1. Ple Bak of Am A (2 Plerce Governor. 4 Pitney B P n (20¢! % Pitts & L B (110) Plymouth Ol (2) 103% 103% 20% 20% # Premier Gold (24c 2 % @ 4 Prent Hallev (3) 21% 21% Prince & Whit (25 1% Prince & Whit pf (3 1% 1% Prod Royalty (f1 o Prudential Invest 13% Pub Sve, Nor 111(8) 242 4 Pub Ut Hold (50¢). % 8 4 Public Util Hold war Puget 8d P&L pf(5). Pure O11 pf (6). Pyrene Mfg (80¢) Radio Products (2).. R R Sh Corp (26c¢). . Reeves (Dan'l) (1%) Refter-Foster. ...... Reliable 8t (b5%). .. Reliance Int Cor (B). Reliance Manag..... Reybarn Co....... Reynoids Invest. ... Rich Ofl Cal pf (1%) Richmond Radiator. Rich Rad cum pt.... Rike Kumbler (2.20). Rochester Cen Pow. . Rock Lt & P (90¢). .. Rolls-R Ltd ret t50c. Roosevelt Field Inc. Rossia Int Corp. Roval Type (13% 3 304 304 A 30% ¢ Royalty Cp pf 11.70. 5% 5% ~ 5% Rubberold Co (4)... a1 a1 Ryan Consolidated.. 7 Eri | Safety Car H&EL (8).275s 108 108 R Seaboard Utll (50¢c). TR Sec Corp Gen (40¢c) .. 23 23 22 922 104 fs Paper (1).. B4 15% 16% 15 ap pf (7)., 50s 1074 1074 107% ek Prod (2). 9 Th Tk 7 o 8 10% 10% 9% 10% St 1% 16 4 K Seg Lock & H (50¢). 5 Selected Industries. - 3 Sel Ind all etfs(4%). 60 Select Ind pr (5%). . Selfridge Store(27¢c) Shattuck Den Min. .. Shawingan W (2%). Shenandoah Corp. .. Shenandoah Cp (a3). Sherwin Will (143). Siliea Gel ctfs. South Am Air Lines. Sou Penn O11 (12%). SoCal Edpf A (1%). So Cal Ed pf B (1%). SoCalEdpfC (1%). Bouthern Corp. ¢ 8 W Gas Utilith 4 Spanish & Gen rets Spanish & Gen (B).. 56 2 3% 51 LT U TP ©83 Spleg M St pf (6%). 1255 Stand Dredging 360c. Standard Motors. ... Stand Ofl Ind (2%) . 40% Stand Ofl Ky, (1180) 2 24% Stand Oil Ohio (2%) . BaY% Stand Pow & Lt (2). 41 Stand P&LB(2)... & 40% St Pow & Lt pf (7). 102% 103 Starrett Corp....... Starrett Corp pf (3). 207 Stein (A) & Co (1.60) Strauss Roth. . $trool & Co.( Stutz Motor Car. SunInv..... . Suaray Oil (400). ... Swift & Co new (2).. « Syracuse Wash Ma B Taggaft Corp (1)... Tampa Electrio (32). Teck Hughes (60¢) .. Texon Ofl&Land (t4) Thatcher Sec Corp. . Todd Syndicate (4). 4 Tran Con Air Tran Irans Lux DLF S Tuhjze Chatel «B). . 16 Tung Sol Lamp (1) .. Twin St NG A pt (1) UngerlelderF Corp.. Union Am Invest. n N G of Can *1.60, td Car Fast (60¢c) o % | likely fall some 40 per cent below last + | expect sustained price recovery during 4| the year. visions of industry and trade are sum- marized by the Standard Statistics Co. from its 1st of November resume of the outlook for important lines, as fol- ws: Agricultural Machinery. — Full-year results will compare unfavorably with those of 1929, and no material improve- |ment\ can be' looked for in months di- rectly ahead unless a worth-while a!lrencthenlnz of commodity prices takes place. Aircraft.—It is probable that another burdensome carry-over of finished craft will be witnessed at the ¢lose of the current year. Volume of business in the aero engine field has been rela- tively more satisfactory. Apparel—Retail sales of apparel have béen stimulated during the past month by a decided change in the Automobiles.—The entire year 1930 will prove less profitable, in the aggre- gate, than any recent year. Automobile ~ Parts.—Outlook for the fourth quarter indicates a continuance of scant profits, with some companies suffering losses. Automobile Tires—Second half-year profits will be even smaller than those of the initial six months. Building. —October’s creditable show- ing of the public works and utilities group will probably be repeated during the next two months. Chemicals.—In view of its position as a leading supply trade, this industry should be one of the first to benefit from fundamental improvement in gen- eral industrial conditions. Coal.—Many producers of bituminous will have difficulty in covering operating expenses and curtailment in consumers’ purchasing power will continue to re- strict demand for anthracite during the near future. * Copper.—At present _well deflated levels coverage through the first half of 1931 is favored. Cotton.—There seems no purpose in co;erma needs beyond the Spring of 1931. Electrical ipment.—Sustained im- provement in this fleld must await gen- eral trade revival, when it may be ex- pected to register sharp increases in ac~ tivity. ~ Farm products.—Wheat prices. will probably display more strength than weakness during the near future. While various factors probably will prevent a sustained rise, somewhat higher corn prices are justified. Food Products (other than meat).— Most of the prominent package food companies are fairly well maintaining, if pot increasing, their annual profits. Dairy concerns are in strong and improvement is now indicated for bread bakers. Household Products.—For the, group as a whole only sharply reduced earn- | ings are seen for 1930. Lead and Zinc—It is recommended that industrial needs be covered only through the early part of 1931. Leather.—Third-quarter earnings of shoe manufacturers, while showing some improvement over the second, will con- tinue to compare unfavorably with 1929. Machinery.—Such improvement as mn{ be maintained in the near future will be only of minor proportions. Meat Packing —Earnings of pacl for the year ended around November 2 will_be more satisfactory than appeared likely earlier in the year. Office Equipment.—Concerns which distrjbute equipment largely on a rental basis, should make relatively satisfac- tory showings. Paper—No material improvement’ over present operations is in near term prospect. Petroleum.—The great majority of oil companies can expect no material im- vanmcm from current minimum profit evels, at least during the rest of the year. Radio.—Earnings prospects for the final x}uarter of the year are generally more favorable than for any preceding period in 1930. Railroads. AIm‘provemmc in physical condition of railroads in recent years will enable many of the stronger roads to successfully cope with the current trafic declines. Railroad Equipment.—It seems prob- able that most divisions of the equip- ment industry will continue experi- ence reduced operations, Rayon —Returns for ‘this year will | | weather. r year Retall Trade—Both fourth quarter and full year profits cannot be expected to make a satisfactory showing when | contrasted with 1929 results. Rubber.—'here seems no reason to the balance of this year. Shipping.—A high rate of operations should be witnessed in most shipyards during the next several years. Silk.—At current traditionally - low raw silk levels coverage into the early part of 1931 seems advisable now. Steel.—Little, if any, income betters ment is in sight during the balance of | Sugar.—It is unlikely that refiners’ profits will increase greatly in the near future. ‘Theaters.—Earnings of the present | quarter should make favorable com- {mnson with those of the like period n 1929. ‘Tobacco.—It is expected that leading cigarette producers will report record- breaking profits on the current year's operations. Utilities.—Development possibilities of both the electric and gas businesses have not been fully. exhausted and will not_be for many years. Net incomes of leading telephone companies for the full year will probably be slightly smaller than in 1929. ‘Wool.—Full year’s operations of most producers will result in little or no profit. MOTOR CAR COMPANY { HIRES 1,500 WORKERS | By the Associated Press. NEW YORK, November %—The Hud- Stockand Sales— . ¢ Dividend Rate. Add 00. Open. High. Low. Close. 28% 7% Utility &Ind.....eee 2 ll’!n 84 8 8 29% 9% ket 62% 1% 1% 12 28% 6% 1% 19% 19% ™ ™ 60% b 12 12 STOCK: AND BOND ~Prev. 1930.~ Btock and i High. Low. Dividend High. Low. Close. 6% 14 Winter (Benj)...... 2 1% 1% 1% 1% 21% 8 Zonite Products l).. 1% 10 m»guc...nnn 3 O 9N 9% 9% Dividend rates in dollars based on last quarterly or semi-annual B Rl IR TR ATAETIE| et Tt inrovenen RAILROAD OUTLOOK Bales— Rate. Add 00. Open. 2 9 M 9 "% Heads of Western Carriersg Is at Hand. AVERAGES By the Associated Press. Prom Yesterday's 5:30 Edition. ‘Two years ago Three y;;n ago, 1! Low, 1929. BOTTLE, CORK AND BEVERAGE INDUSTRIES TAKE ON NEW LIFE BY LEMUEL F. PARTON. Speclal Dispatch to The Star. NEW YORK, November 7.—Like the boy who walked two miles to borrow a nail to help his father build a house next year, the big cork, bottle and bev- erage men are rushing preparations for the wet millennium which, they believe, the election results foreshadow. There is a new stir in brewing, bottling and cooperage industries, with an assured confidence that a big keg of something or other lies at the end of the election rainbow. On the New York Produce Exchange new and confident entries for the day are 23,865 shares of Cleveland & San- dusky Brewing Co. common at $100 par, 25,020 shares of the same stock, 6 per cent cumulative preferred, at $100 par, and Independent Brewing Co. first mortgage 6s, 1955. The public an- nouncement is made that, “anticipat- ing a change in the beverage situation as a result of the Wickersham com- mittee report, Crown Cork & Seal Co., leading manufacturers of bottle caps d other closures, have substantially increase¢ productive capacity at the Baltimore plants.” > “Wet” Conclusions. Jubilant wets throughout the East are whooping it up over the election re- turns and have pleced together a neat ttern of their own, mmg Repub- Efln strat 't rid of the prohibition . Their theory— and no evidence that it is anything more than a theory has beén forth- coming—is. that the Wickersham com- mission, after and not before reporting the election, was designed to enable the | 1 President to respond to national public opinion and at the same time to be |, supported .by the “disinterested find- ing” ‘of “ distinguished commission. This, of course, suggests the unkind in-. ference that the commission itself might be influenced by the drift of the ballots, for which again the wet oracles produce no suj tacts. In any event, the “wishful thinkers” of the wet brigade and a large section Brokers’ Comment NEW YORK, November 7.~Broker- age house comment on the stock mar- ket today agreed that railies would be technical and probably brief. Possi- bility of a week-end recovery on short covering was seen. Comments follow: ‘Tobey & Kirk.—Rate of steel opera- tions is probably at the lowest point or near the lowest that will be reached for the next year or two and everything else seems to be around bottom. Next important changes in commodities and likely to be favorable. Stocks have about discounted every- thing adverse and we think the market is l'." bargain levels for long-pull invest- ment. Babcock, Rushton & Co.—While short covering before the week end might cause some mild rally, we re- gard the market as unattractive from the standpoint of the nearby trader. Shields & Co—Technically the list deserves somewhat further rally, but if the recovery were scored it would be haif-hearted and would be limited by reason-of resumption of selling by trad- ers who have covered in hope of getting better levels to put stocks out again next week. Redmond & Co.—Any rally at this time is based primarily on technical considerations, as there is no funda- mental change for the better in busi- ness and not likely to be for the bal- ance of year. Smith, Graham & \Rockwell.—The effect of the election as a market f: tor is beginning to wear away, but re- ports from the business world are as pessimistic as ever. Short covering will probably bring rallles from time to time, but these are not likely to go far nor_last_long. Money on Hand to Loan on Seaboard Public o e £t ollow] ant ne Y m: ‘Was creased throughout the year. There is some indication that possibly the bottom was reached in the closing weeks of October. During the days of November the Chicago, Bi led increased ton & Quincy records car louung Suburban trans- portation improved trict for two roads, and the Central reported better business on its wx%kl:':“‘m 1 this is expected - T vel year L2 to equal that of last year,” said J. V. traffic manager of of Wall Street cling persistently to the opinion that the Wickersham report is| Du going to-declare for modification. Among | ers the various associations and individuals | the same month of 1929, opposing the eighteenth amendment, | monthly wage was $142, while in there is no clear suggestion of just what | same month a year ago it was $143. kh':“.‘dd of mod.lncdlt.lon the commhllnol‘l reduction of $1, the roads claimed,. was ol recommend—no_consideration due to a curtailment of overtime o 'hxfetamuz %\;pr“e,me Court ml:gt hfi com= | ments. s pel a measure crippling or | The national and local execul removing the Volstead act. ‘hoods iy ‘There is a great deal of loose and cheerful talk about repeal of the amend- | vember 12 to consider ways of ment, but in this it appears that New | unemployment among engineers, York, with its usual insularity, has left | men, conductors, brakemen, other train- out of account the hardful of States| men and switchmen. . which might block repeal until gin| One proposal to be considered calls starts running uphill. ‘On the whole, 50 | for a reduction of the 8-hour day to 6 far as hard feets and hard drinks are | hours. The unions estimate such & concerned, the Eastern wets seem to be | would add 25 per cent more of caught up in a golden haze of new hope | members to the pay rolls. N and enchantment. The railroads, however, contend that Juice Grape Shipments. the 6-hour ?Dy‘ for mnap:r':m ‘worky ers would ployes, However, in respect to the more local- | would increase wages as much as ized aspects of prohibition, the wets|per cent, according to A. G. Wells, have a lot to go on. Rallroads reported | President of the Santa 4 "h: and dealers mp\fl:lmpmenu on record, an eqt ly unpre- cedented” demand. The New Jersey GRAIN MARKET pplejack mar] s 5 S better and cheaper than i; has been in |, CHICAGO, November 7 (Special).— months and Christmas rum shipments | The - wheat market was higher already are moving from St. Plerre and | under buying _influenced Miquelon. Wilbur L. Cross, Governor- | Strength in Liverpool and Buenos elect of Connecticut, has announced that | Crop from the Argentine com. when he takes office one of his first offi- | tinue favorable. December, old, cial acts will be o Tound up all the | 74%a74%; new, 75a75%. 'March, Governors of the States in an attempt | 7875879, May, old, 81a81%; new, 1% to end prohibition. The Tammany ava- | 81%. After the first half hour, Decem- lanche in New York City has indicated | ber, old, 74%: new, 75%. that there will be little meddling with | old. 79. May, old, 81%; new, 81%. | individual drinking prerogatives for | Corn was higher Wheat. some time to come. chological | cember, old, opened 73%a73%; new, ‘wets | 873%. March, old, 7714’ new, ful | May, old, 80a80Y,: new, 80% first half hour. December, d‘d. ki I, T Prancisco, is upon Jpened 3134a31%. . March . ), here u?en s 3 v :mm-mmuunmwmut old, 35 louse policy on n, in spite of (Copyrisht. 1930.) New Values for - All Borrowers lo Announcing A New Affiliation— Greater Financial Strength Our friendly, confidential loan service has been so helpful to the citizens of this community that we now number our friends by the thousands. This resujted in a greatly increased demand for First National Bankers Service and necessitated @ larger cash capital and expanded facilities to promptly supply the needs of all worthy families. We, therefore, announce that we are now a part of the Domestic Finance Corporation—one of the largest and most responsible loan organizations in the United States. This new arrangement enables us to give our clients the benefits of large financial resources and broad experience. It means at lowest rates... quickest service...and fairest treatment. 20 New Family Protection Plan —Canecellation of . Umpaid Balanee in Case of Death or Disability Through ‘our association with Domestic Finance Corpos ration, we are now able to cancel the unpaid balance ‘of apy future loan in case of certain di i death on the part of the borrower. This additional family protection costs you nothing. It is only one of the many sdvantages which you now secure by dealing with us. , Remember, we require no co-signers or endorsers.’ & 7 Come in, write or 'phone for full details concerns ing the many benefits of our New Family Protection Plan. Our. representative will call if more convenient. 73 | on Motor Car Co. put 1,500 former em- ployes back on the production line this week and will put an additional, 1,000 . 0 g £ presidént, ahnouriced. J‘H id the increase § w‘ " ¢ 8al e n | was necessitated by orcers for the new models. e 10 Intercoast Trade (1) 50 Intl Aydrocvpf 3. 21 18% Int Petroleum (1)... 9% Int Saf Raz B (12%) 25% Internat Super (f1) it B - Utd Found b2-35 sh. Utd Gas Co (new). Utd Gas (war). td Gas pt (7). o ggm. ow A (1). Lt & Pow pf (6’ Service (ompany” g2 2cgg 0 et 5200 % 00 10 10 00 00 i bt 00 1t i w3 O 1 1t i b etk e O Boor BT r agem, Oy 803 Pubddp ) 0 BE £ !ai‘ i B fi xfig The Board of Directors has declared the 4th regular quar- terly dividend of $.50 per share on the Common Stock, payable December 1, 1930 to stock- holders of -record at the close of business November 10,1930. e s @t GROSS SALES GAIN. P & W Gundfuv:r Stores, ln::” againat 2,995,163 {or Octo- e ot e {talian Superp (A 1% [tallan Superp 85% Lackawanna Sec (4) 19 Lefcourt Real pf (3) 28 LehC& Nnmi1140).. % Leonard e D e for sales total T TRt T s ar LBEResE e