Evening Star Newspaper, November 11, 1930, Page 15

SN N LATE DEALINGS Dividend Rate. - Add 00. Open. High. Low. Close. Stock and Sales— 4 Utd Found b2-35.sh. 184 Utd Gas Co (new)... 188 Utd Gas (war) Sxceping ot adgnaced by S Ieee s (3083 (2508 s whlmnhovllhmmchhhddmo« lots only. 1 4 Vacuum (1434)..... 46 Venesuela Petrol.... CALED TUADEAD Afternoon Rally Offsets Re- * sults of Selling During the Forenoon. BY JOHN A, CRONE. Bpecial Dispatch to The Star. NEW YORK, November 11.—A robust rally got under way near the beginning of the final hour on the curb market to- day, lifting many of the pivotal shares & point or more. Electric Bond & Share was up nearly 3 points. Cities Service was up about & point. Standard Ofl of Indiana, American & Forelgn Power and Ameri- can Superpower all improved on this upturn. Starting in the utilities, the rally ad to the oils, the industrials and len to investment trusts, taking along with it many other sections of the list. In the early afternoon floor traders had predicted a rally on the belief that most of the present selling was completed. ‘The rally caused a hasty retreat on the part of the bears. They took to cover in certain issues where the float- ing supply is small and borrowing dif- ficult, leaving their short lines standing 1in such stocks where borrowing, because of the huge floating supply, is relatively easy. Although the metal trade expects, or at least professes to expect, some de- talled announcement of the world cur- tailment plan by copper producers, Newmont Mining toppied to new bottom levels today. American Natural Gas was the first in its division to equal its previous low level despite the announcement that for the 12 months ended July 31 there was a balance for djvidends of $787,-. 685, and the statement that Oklahoma n“)“mdl et 10 ply” ?\l‘l’ufl a conl su) natural to one of the plants ofoillhflml & Electric Co. Amusements were a weak spot in the industrial list. General Theaters new common plunged to a fresh low. Fox Theaters A declined in sympathy with Fox Film. icolor reacted. Acme Steel featured the industrials in “forenoon trading by regist break of 177 points on the sale 25 shares. Aluminum, Ltd., which fell 13 points Monday, was off a point on its initial deal today. Great Atlantic & Pacific Tea opened off 6 Fnlnu. but later recovered most of the loss. Seeman Bros. attracted attention in falling SHORT-TERM SECURITIES. (Reported by J. & W. Beligman & Co.) . Qfer 1088 i v 3828328888888 EEE §> - - 333 o 53 So8golis Ly 43 sia% i FEEETE sezungnaniissessSatacasssnesag nsunesiis neweenssagsasnss sl 5 Li3d1; 299 2% BER! o gegae o8 Za i s § 9950 G 32 t3t44 i - = : o1 &g i 5 2a8e s 2=s353822% B 2 wEC 5! W 2 s3gasiigssss 7 4 i RO~ SO VOTUDNPRTL SOUUPIOr: — URTOTUP o — i . 99&’? 23 2 ol . w7t . 2820 $3LTH g ) Msfl# BES TS 328 5 e 4 s o 85 Bses i e §5EEE! il 829, Sy v!tr= Ean® 3 ] o8R O] 254958 L 885z nns SRR 55 S5 4 ¥ g 8388388828238 Lo Firore, Zo, o g & EET 28! & sy $5isom pLL T REK! i o ) P - fira ....._..._.....:....es_g.... 3 obE Fou ;'l = i - [P - apg3segae 8 e 332 w e .f-’ # 7 e & 23335888 3333332388238 & F OFF # ~Prev High 04 i 204 88y 2% 83 18 [ 112% 40 109% 16% % 894 4% % 19% 624 394 1% 55 141 80 157% 674 B55% 54% Low. Dividend Rat ldm‘ 52 Acme Steel (4)...... 4% Aero Supply (B) 7% Aero Underwrite 10% Afiliated Prod 1.60. . 5 Ainsworth Mfg (1) % Alr Investors (war). 1% Allegheny 5 Allied Milis (80c). % Allison Drug St (A). 72 Aluminum Co Ltd. 1 Am British & Cont 4% Am Br B fd shars 2% Am Dent Btol P 110 Am DT NJevpf (7). 30 Am Capital pf(3)... 60 Am CigarCo. . Am C P&L (A) 6 AmMCP&LB (10%). 18% Am Com P A (b10%) 30% AmCom PB (10%) 10 Am Cyanamid (B) 5% Am Founders Corp 7414 Am Gas & Bl (31). 104 456 Am Meter (3) 6 Am Natural Gi Am Salamandra (3 10% Am Superpower . /1% Am Yvette new wi.. 4% Anchor P F (b10%). 5% Arkansas Nat Ga. 4% Ark NatGas (A).... T% Ark N G cu pf ¢80c). 4% Asso Elec Ind (80c). 16% Assc GEE A (at2 40) 2 Asso G&EI pur ris, 1% Asso Rayon..... 38% Asso Rayon pf (6).. 19 Asso Tel Util (b8%). 9% Atlantic Secur Corp. 10 Atlas Plywood (2).. 5% Auto Vot M ev of pt. 28 Aviation Cor of Am.. 109% Babecox & Wil (19 70 Baumann (L) pf 146 Bell Tel of Can (8) Benson & Hedges 13% Bliss (E W) Co ( 3% Blue Ridge Cp (40¢). 30% Blue Ridge cv pfald. 20% Brazil Tr&Lt(b8%). 214 Bridgept Mach (25e) 5 Brill Corp (A) (8fic). 8 Brown Fence B (§0c) 241, Boff N&EP pf (1.60). 214 Burma Corp (t31c) Butler Bros (30c). 145 Cable & Wire B rcts. 215 Cable&W pf rets 19¢ 22 Camgden Fire Ins (1). 24 Canada Marco % Carib Syndica 1 Cent Atlantie e 1415 Cent Pub Sve A al.7) 19% Cent Pub Sv Del. 16% Cent & SW Ut b6%. 8 Cent 8t El (k40c) 62 Cent St El pf (8) xw. 4% Centrifug Pipe (60c) 714 Chain Stores Stock.. 15% Chat Ph Al nv (50¢). 16 Citles Serv «7i0c). 87% Cltles Serv pf (6)... 441 Cley El Ilum.(1.60). T% Clev Tractor (1.60) 5% Col Oil & Gas vte. 24 Columbla Pie (f1%). 24 Col Pict vte (f1%) 336% 234 Com Edison (8) 1% Com & Sou wai Consol Copper 82% Cons Gas Balt Royal Of] (50¢) 8% Cont Chicago Corp. 41% Cont Ch Cp ¢v pf (3. 18 768 50 Contl Share ev pf (6)250; 3% Creole Petroleum 7% Crocker Whee! 6% Cr Cork Int A 16 Cuneo Press (2%). 3% Curtiss Wright 4% Darby Petrolm n (1) 10% Davenport Hos (2).. 214 Dayion Alr & Eng. ., 46% Deere & Co (£1.20) . 2% De Forest Radio. .. 6% DeH Alr Ltd ret 50c. 4% Derby Ofl Refining. . 1% Detroit Alreraft. ... 11% Diamond Match new. 244 Dia Match cu pf (n). 121 Douglas Alr (75¢)... Dow Chemical (2). . DressS R (A) (3%, Dresser Mf§ (B) (2) 30% Driver Harris new.. 2 Dubiller Cond & Rad Duke Power (J15)... 1% Durant Motors. . 19% EastC & F Asso. 15 East St Pow B (1). 4% Eisler Blectric Corp. 117% 38% Klec Bond & Sh (b6). 635 109% 7% 103% 36 121% 16% 46 6 % b il 260 122 311 20 166% 1% 14 32% 30 29% :x 1034 £ Bond & Sh of (8). 91% El Bond & Shcu pf b 12% Elec Pow Asso (1).. 11 Elec Pow Asso A (1) 9 Elec Shareholdg (1), 5 Empire Fire ins 97% Emp G&F cu pf (8).. 31% Emp Pwr pt (14.60). 2 6% Ex-cello Air & Tool. 14 Fabrics Finishing. .. 1% Fairchild Aviation. 39 Fajardo Sugas 4% Fansteel Product: % Flat Stock deb rts. 11 Fiatrets (1.25) 22% Fire Assn Phila 1.60. 18% Ford Mot Can A t1% 6% Ford Mot France 28c 104 Ford Mot i.td 37 e 3 Foremost Fabrics. .. 214 Fox Theater C1 1A) 7 Franklin Ry Sup (4) 14% Garlock Pkg (1.20).. 7 General Aviation 1% General Baking..... 27 Gen Baking pf (3) .. 9% Gen E Ltd ret (5)e). 164 Gen Empire Cor'(1). 24% Gen Firepr (12%). .. 53% Gen G&E cv of B (6) 1% Gen Laundry Mach. . 110 Gen Tire & Rub (16) 9% Gen Theat Bq w.i.... 33% Gen Th ev pf w.i.(3). 97% Georgia Pow pf 16).. 14 Gleaner Harv n i2).. 60 Glen Alden Coal 18). 7% Globe Undwritrs 30c 9 GoMmun Sach TC 1% Gold Seal Elec new .. # Coldfield Consol 6% Grand Rapids Var(1) 165 Grt At&Pacnv 15.25. 115% Gr A& PTopf ¢7). 26 Gr Lakes DDnwil. 10% Greenfleld Tap & Die 75 Gulf Ol of I'a (14) % Happiness Candy. .. 8% Hecla Mining (1). .. 24 Hires (CE) (A) ). 14 Hou-HercvpfA2%. 315 Hudson Bay M & 69% Humble O1l 42 5 Huyler Strs of Del. 51 Huyler Strs cupf(7) « 24 Hvdro Elec Seg ¢2)., 2% Hygrade Food Prod. 15% (mp O1l of Can (60e) 21% [qip Tob Gt Brit t89¢ 174 Irid Ter 111uOll (A). 17 ind Ter 11lu Off (B). 10 tnd Fin ctfs (h108.) a rdus Fin ev pf (7) % Insull Ut o1 81 Iasull Ut 18 2 22% Employ Reins (1%4). 508 1 10s. 10 1n 1 4 6 5 105 5 2 408 3008 R =828t B Oven. High Low. 83% 33% 334 4% 4% L5 7 1% 11% % 9% 1 1% 1% 1% 5 5 “ L 7 n 1% 1% 5 5 2% 2% 110% 110% 29 29 110% 110% 2% 2% 146 104% 104% 2% 92% 13 13% 1% 12 104 6 32 22% 2 1% 4 Newberry (JJ) 1.10. 4 Stand P & L B (2) Intercoast Trade (1) Int Petroleum (1) Int Util war (new Intl Ut} pt pf (7) interstate Equitie: Interst Eq cv pf (3) Irving Alr Chute (1) Italtan Superp (A).. Knott Corpn (21.60). Kolster-Br (At Sh). Lackawanna Sec (4) Lake Superior Corp. Lefcourt Real pf (3) Leh C& N n (1.40).. Marconi | Mar (38¢). Marion Steam Shov.. s Util Asso. Mavis Bottling. ..... Mead Johnson (143 Memphis N G (170¢) Mercantile Stores(1) MerCh &S (1.60)... MerCh & Spf A 6%, Mesta Machine (2).. Met & Min Ine (1.20) Met T Copt pf t3%.. Mid St Pet vtc A.... Mid St Pet vte B.... MId West Ut (b8%). Mid West Ut A war. Mid West Ut B (w. Mid W Utcv pf xw Mid St Prod n (2)... Mid Roy ev pf (2)... Midland Utd (b6%). Midvale Co (4)..... Mo Kan PL (b10%). Mo Kan P L vte. Mount Prod (1.6 Municipal Serviic Nat American Co. Nat Aviation. .... Nat B& Shepboc. .. Nat Containedpf (2) Nat Kl Pow A (1.80). Nat Fam § (b10%) .. Nat Fuel Gas (1).... Nat Investors. Nat Mfgs & Stores. . Nat Pow & Lt pf (6). Nat Pub Sv A (1.60). Nat Screen 8v (2)... Natl S T Sec A fide. Nat Sugar N J (2)... - ey <3 prmmaal mehNonnRorninanee e R oD » » B RN e e B New Brad Ofl (50¢). New Eng Pow (2) New Eng Pow pf ( NJ Zine (12%)... New Mex&Ariz Land Newmont Min (f4).. Newport Co (2). . N Y Hamburg (2%). N Y'Steam Cp n w.i.. N Y Tel pf (833).. Niagara Sh. Md(40¢) Niles-Bem-Pnd 12% # Nipissing (30c)..... Noma El Corp (80c). Noranda Mines (2).. No Am Aviat A war. Nor St Pow pf Nor St Pow A (8 N W Engineer (2 Novadel Agene t3 Ohio Copper. Ohio Ol n cu pf(6).. Oilstocks Ltd A 50c.. Outboard Mot (A). .. Outboard Mot (B)... Pac GRE 18t pf (1%) Pac Light pf (8).. Pac Pub 8v (1.30). Pac Western Oil Pandem Oil. Pantepec Oil s Paramount Cab Mfg. Parke Davis (11.65). Patterson Sarg (2).. Pender DGr A (3%). Pennroad Cp (20c). . Penn Gas&El (al%) Penn Wat & Pow (3) Peop L& P A a2.40.. Pepperell Mfg (8) Petrol Corp war Philippe (L) A 1 Philippe (L) B Pitney B P n (20¢) Plymouth O1l (2). .. Polvmet Mg (b4%). # Premier Gold (24@).. Pressed Met of Am. . Prince & Whit (25¢). 23 Prince & Whit pf (3) Prod Royalty (f1).. Prudential Invest. .. 11% Pub Sve. Nor 111(8). 2005 240 Pub Ut Hold (50c).. 38 Public Utll Hold war 10 Pub Ut Hold xw 50c. 6 Puget S P & Lt pf(6) 50s Pure O1l pf (6)...... 108 Reeves (Dan'l) (1% Reiter-Foster. .. ... Rellable St (b6% ) Reliance Int (A). Repett: Candy Reybarn Co. .. Rich Ol Cal pf (1%) Rike Kumbler (2.20) Rock Lt & P (30¢c) Rossia Int Corp..... Royal Type (13%).. Safety Car H&L (8). Safeway S w(2d)(C) St Regis Paper (1) Salt Greek Con (400) Salt Creek Prod (2). Saxet Co...ouuuiene Schulte Un 5c-$1 St... Seaboard Utll (60¢). Seaman Bros (3).... Sec Corp Gen 140c)... Seg Lock & H (50c). Selected Industries. Selec Ind ctfs (4%). Select tud pr (5%). . Selfridge Store(27e) % Shenandoah Corp... Shenandoah Cp (a3). Silica Gel ctfs. ... Singer Mfg (119%). Smith (A O) (2) So Am Gold & Plat Sou Penn Oil (12). So Cal Ed pf B (1%) So Cal Ed pf C (1%). Southern Corp SouthldRoya 8 W Gas Utilit Spleg M St pf (6% Standard Motors Stand Of] Ind (2% stand Ofl Ky. (+180) Stand Ol Neb(3%). Stand Oil Ohio (2% ) 25608 Stand Pow & Lt (2). 8 Starrett Corp. Sunray Oil (40e) Swift & Co new (2 Swift Intl (13%). Taggart Corp (1). Tampa Electric (2 oy ‘Triplex Safety Glass Tri-Cont Corp (war) Tri Utilitien (31.20). Tubize Chatel (B)... Twin St Apt (1) Srnrn~vonnCalhan xiSnannans - PR 64 1% 5% 99%, B4% % UNIT POOL METHOD “|ing and_ shut-in production, increases drilling, and apportionment of produc- g gouundln. to the amount of $10,000,~ Utd Gas pf (7). Utd Lt & Pow A (1). Utd Lt & Pow pf (6, Int Sec 1st (5) Anes pf (1).... Overseas war. ) 8 & Overseas 8%c. US Playing Cards(4) o Utah Apex (50¢) Uti] Pow & Lt (a1).. Util P&L B ctfs (a1) Utllity & Ind......, 17 UHl & Ind pf (1%) 22 6% Utility Equities. ... st JPlus 2% in stock. n Plus 8% in stock. Vie Finan Cor (40¢). Zonite Products 13, % RIGHTS. Com Edison..Feb 2 12% 13 8 N Y Steam. 8 10 8% Peop GL&C...Jan 15 M M Dividend rates in dollars based on 1 yment. “Ex dividend. 3 1% 1% Explre. 8 arterly or semi-annual 1Plus 4% in stock. . _® Adjustment divi- . hPlus 1% in stook, mPlus 3% in stock. tPartly extr URGED IN OIL TRADE Necessity for Curtailing Produc- | tion May Cause New Opera- tion Policy. BY OWEN L. SCOTT. . Speeial Dispatch to The Sta CHICAGO, November 11.—The oil in- dustry, represented here at the eleventh annual meeting of the American Pe- troleum Institute, would welcome a modern John D. Rockefeller to led it out of the economic wilderness. Not since the senior John D. invented the modern trust to meet the growing problems of a booming and hectic new business in petroleum products has oil presented so many problems. They are not dodged by th: industry’s leaders, but thus far no one has a red with the genius of leadershi layed by the founder of the Standard Oils. Necessity may turn out to be the leader at the present gathering, and unit operation of oil pools the method for working out the answer to more pressing production problems. Already Henry L. Doherty, veteran oil man, long an exponent of conservation, has advised the representatives of leading companies that, unless a more compre- hensive solution to overproduction prob- lems than any yet applied is devised, he will petition the United States At-| torney General and Congress for a | thorough-going investigation of the en- tire industry. At the same time E. B. Reeser, presi- dent of the institute, in his address to- day, advised the oil men that, in his opinion, unit gperation of oil pools sup- plied the permanent solution of the in- dustry’s problems. The present method of conservation, with competitive drill-, costs and involves waste. The Federal Oil Conservation Board has urged utilization of pools—the ap- | plication of scientific non-competitive | tion among the several owners on the basis of their holdings—as the solutian. The method is being applied by the Federal Government on its holdings in | the Kettleman Hills Field in California and in several private fields. (Copyright. 1930.) i i SHARP DROP IN OIL | PRODUCTION SHOWN. Daily Average Ountput During Past Week Declined 43,323 Barrels. By the Associated Press. ] TULSA, Okla, November 11.—The country’s production of ~crude _oil| dropped sharply in the week ended No- vember 8, cortinuing the downward movement that has been in progress for several weeks, The caily cverage pro- duction, as_estimated by the Oil and Gas Journal, was 2,315,881 barrels, 43,- | 323 less.than the preceding week’s fig= Tes. % EOllllah\)!nl, with a decline of 34,935; barrels, was the pace setter. The drop, | for which the Oklahoma City fleld was largely responsible, carried Oklahoma's | output to 489,050 barrels, the lowest | level in four years. Southwest Texas, a heavy ofl area, contributed 15,632 barrels of ffie coun- try's decline, its production being placed at 103,236 barrels. Of the total decrease, 23,607 barrels, was in_light gravity ofl and 19,716 barrels in heavy gravity oil. The total production of the Midcon- | tinent area was 1,217,771 barrels, a de- crease of 28 392. Preferred Stocks i BY GEORGE T. HUGHES. American Radiator & Standard Sani- | tary. | b3-Afth of & series of g BRI atocks: by ME. Tilighes for the bement of his readers; He anniyzes the technical provisions of the stocks discussed and gives facts about the corporations behind the securi- fles. The chiet Burpose is to exolain SEpiek erade beins used for the ilus- tration.) 4 | . The number ot shares outstanding is one important factor in appraising the investment rating of a preferred stock. If the senior capitalization is small in comparison with the common the former may be a high-grade security, although the latter is more or less speculative. The preferred stock of American Radiator & Standard Sani- tary Corporataion illustrates this point. It is 7 per cent cumulative, of $100 par, and outstanding to the amount of only $4,747,406, or 47474 shares. Following this almost negligible amouht of prefer- red is a no-par common of 10,154,677 shares, The company was formed last year to acquire the stock of the old American Radiator Co. and of the Standard Sani- tary Manufacturing Co. Jt is one of the ieaders in its fleld, that of the building industry In common with other large corporations, earnings have been affected by the present business depression, but in 1920 net income of the holding company was equivalent to $421.54 a share on the preferred stock. In other words, earnings were more than four times the par value of the senior stock. This extraordinary margin of safety is reflected in the market price for the stock, which shows a yield of leg_ than 5 per cent. 'he preferred is redeemable, in whole or in part, at the unusually high p~’ze of $175 a share, which, obviously, is no bar to appreciation in the market quo- tation. On the other hand, it has no voting power and-the holders thereof are not entitled as a matter of right to subscribe for or purchase any additional issue of stock or securities convertible into stock. ‘The:e is & bond issue ahead of the preferred, but it sells on a yield basis of around 4.6 per cent, which is a testi- mony to its high standing. These bonds are unsecured debentures carrying a 4%s| per cent coupon maturing in 1947 and i b METAL MARKET. NEW YORK, November 11 (#).— rl& :lr: uiet, hanged. o n, quiet, uncl ; and nearby, 25.25; fu- NEW YORK, November 11.—Digging back to the precedents of previous bear markets, brokerage houses find some signs of hope that the present decline is nearing bottom. But sentiment in speculative circles is very confused and many firms admit that it is impossible to guess how much further the break will carry. Some opinions follow: Otis & Co.—While it is extremely dif- fAeult not to be influenced by the prevail- pessimism we cannot shake off the feeling that the ki proa S e point where the apparent cline will be half t least temporarily. ‘Tobey & ‘e look for further irregularity, but indications suggest that the market will shortly present a more favorable appearance. Shields & Co.—The - Lkhet el 1.:? The action of the mar. e moment. The constant drip of liqui- dation without a sign of ll’lreralve .fl“’_ mrc in any of the recognized ues is steadily wearing de stamina of both trader' and investor mn.:‘em;esuu t.h:! nc'}‘\) day’s decline 3 disgust_as following day’s offerings. G i Hornblower & Weeks—From the point | Biv of view of volume the market seems to have pretty well completed curren selling Climax, . o . Stein Bros. & Boyce—Just how much longer the decline will continue is im- possible to teli as the breaking of the market ln'fiis new low ground impairs new accounts each day and bring - ther liquidation. r o Redmond & Co.—While i - cations of a definite bflm ‘m"-‘a‘n lacking, precedent, at least, time. The risk of ing for turn should only b:"’! en by“:lr:o-: able to withstand a further sharp re- ey e e i A E uy for should be able to pick up some excellent bar- gains through judicious scale-down | v during the next two weeks, Jackson Bros., Boesel & Co.—Evel indication points to the conclusion th:’t scattered liquidation of necessitous character emanating from banks all| over the country and that it represents the liquidation of collateral loans. We | cannot escape the conviction that some in motion to bring about this kind of | liquidation. The collateral loan account of member banks has shown steady weekly decreases ever since the per-| sonnel of the Federal Reserve system was cl , about three months ago. POTATO MARKET. CHICAGO. November 11 (#) (United States Department of Agriculture).— Potatoes—Receipts, 98 cars: cn track, | Qusras i 430; total United States shipments, H steady; trading fair; uckel:l. petr‘ c‘“ round whites, Wisconsin, : Minnesota, North Dakota, best. 1.50 1.60;. ordinary, 1.35a140; Idaho Rus- sets, No. 1, 1.90a2.00; No. 2, 1.50al.i Colorado McClures, branded, 1.90a2 No butter or egg market today. STOCK AND BOND AVERAGES From Yesterda: STOCKS. 50 Industrials. | Two years ago Thret years ago, weekly aver High, 1930 Low, 1930 Hij 1929 10. lndllllrl;ll. (Copyright 1930 Standard Statistics Co.) hc most bearish factor of | Ame; tvotal | A% the would | Pe Justify a sharp technical rally at mi: 47 organized procedure must have been set | nompar oLk - | Paris police in the pursuit of criminals. | | yearlings, 13.40; vealers. steers, NEW YORK COTTON NEW YORK, November 11 (Special). | —Cotton prices were 2 to 6 points lower at the opening of the market today. While there was a tendency to cover | = among shorts on the firmer tone in other speculative markets; there was ! n Fertilizer Association Warn« ed by Washington Official of Bad Practices. Special Dispatch to The Star. & transaction, while iy Denents ong pare, Butowill e g be injurious to all.” Unethical Practices. tion that induces unethical the of still sufficient selling from the South|finally the and by local professionals in all posi- uo;u to abgorb the buying and depress the list. Ogenlgl prices were: Dec A 10.72, off. 4; December, M'.cn;g"lrflog 1’{ l.zlnu-ry new, 10,86, off 5; March, off '§; May, 11.37, off 6; July, H off 2, and Omhr‘ new, 1176, INVESTMENT TRUSTS NEW °YORK, Noves = Over-the-counter nm-k;:‘.hg ol Amer Composite Tr B e 55 .55 SRR Y FEF NEW YORK BANK STOCKS NEW YORK, Noveril §d asked prices on -z&,‘%flflifld oLl SR T lon. o:nsl banks and trusi National Banks, Bank of Amer), Chase Nluon:lc‘ Chatham & Firhsonal #-uon-l'nmgo Motor cycles and light auto trucks fitteq with radio are ‘beinz used by | 's 5:30 Edition. | and’ choice_(beef), 5. and underdistribution sult in wasteful and extra petition le & the heart m our difficult just as they do case of many other industries home and abroad ! sively, to sell to that 000 farmers who are not as be possible for them to use to economic advantage. He muwmrum""on e paign to tising cam by the association. Research Efforis. Ex) fon of co-operative research eff on machine application of fer- tilizers for cotton to praotically cotton-growing State in_the proposed by H. R. Small sofl improvement work Agricul tion of Farm authorities and it is condi similar m"l in o ih.lm/ Manufactur- - "|ers and the State experiment station CHICAGO LIVE STOCK MARKET GO, Nmt ber 11 (A 0-. off less; ton, 9.10 for cholee eral loads, 9.00; pa light weight, good and choice, 140-! pounds, 8.80-9.00: light weight, 1 pounds. 8.75-9.00: medium weight, 250 pounds, 8:85-0.10: 250-350 pounds, 8.80-9. scarce and largely steady: no able market here for weighty steers; evenly 25-50 lower on top of decline: lower undertone on she bulls and light vealers; early top and 11.40-14.00; 10.50-13.75; 1, 1.300-; and e choice, 5. 4.00a5.75; 4.00. Bulls ( Vealers 7.50. The King's famous grape vine, years old, near Windsor Park, hfl% is bearing this season more than 1, bune::l. some of which weigh nnriv poun Continuous Service Members NEW YORK AND BALTIMORE STOCK EXCHANGES Associate Member NEW YORK CURB EXCHANGE Mackubin, Goodrich & USTOMERS of this h ouse are kept advised of all important changes affecting their holdings. Earnings states ments are analyzed—markets are con- stantly checked and trends influencing business and manufacturing lines’ carer fully studied. We will be glad to have you list your stock and bond holdings with us s0 you may receive this ESTABLISHED 1899 BANKERS service. .Co. Members New York and Baltimare Stock Exchanges Associate Member N . 1508 H'STREET WASHINGTON, 0. C b York Curb Exchange REDWOOD & SOUTH.STS. SALTIMORE, MD 270 nounds: bulk all weights, 8.80-8.95; sev. loa sows, 7.85-8.50; zbisl