Evening Star Newspaper, November 12, 1930, Page 15

—Prev, 1 Stock and Sales— g —FTev.1030 | Stockand Sales— Add 00. Open. Low. Close, | fich, “Low. ~ Dividend Rate. Add 00, Oven. Hieh Zow. Close. |fish: Low. Rate. | Add 00. Open. Hieh. Low. Close war. (i1 0%, 1% . 1% 1%| 56 80 . Wilson Jomes (3)..., 2 28i. 2816 !1)& 2% 15 W mi ms sl 8 2 WondeyBetrolesm. 10 2 2 2’| 146 1% Com .nlc 1 B0 LI L 1 3 Moo Tb. e Tk| son_09% Tustown SAT pré% 100 98 98 n o ® % % % YukonGold....,.... 10 ' % % P2 3 ‘6 8. 38 | 2 8 ZonmeProdvetsad. 10 .9 19 RO B m’ Trade |S HOPIM 'M’ Upturn L e in January—Price : 181K 5 OVIET THREATENS || Svoox msws svemacrs v S, RUBBER TRADE Prom Yesterday's 5:30 Ediion, N < . . ’: Dumping of Cheap Products|- By the Associnted Press. NEW YORK, Noyember 12.—With’ in Europe Affects Amer- ican Exports. Lo O+ fv'sns Libby MeNeil & L., Ny Lily Tullp Cun ( ARy 160% 151 160% Lo - 108% 108% 108% jtar Gas n ( @ 12 72 Isld Lt (56c). Louisfana Lan & Ex LaP&Lpt(6) MacMarr Stores (1). Mangel Stores. . . Mapes C Mfg (13%). Marconi 1 Mar (38¢). Mass Util Ass: Mavis Bottlin Memphis N G (170¢). Mer & MIg SA (134). MerCh&SpfA6%.. Met & Min Inc (1.20). Mid St Pet vto A. Mid W St Ut (1%). Mid West Ut (b8%)., b 2 Mo Kan P L (b10%). Am Laund lllch (l) 1208 Am Lt & Trac (3%) 2 2% Tl 2 ricabo X h €0 The Star. _NEW YORK, November 12.—Stocks b .:on the Curb Exchange today steadily m toward lower levels, without, how- ,%r bringing out big bl Selling ' _was ngt concentrated on public utilities, . ‘petroleum or investment trusts as in 1% pheceding stssions, but scattered over ;Jmost &t the list, . Eleetric Bond & Share moved within ! ‘s relatively narrow range, being slightly v - m most of the time, Eastern States r B broke to & new level. American : "Superpower Softened 'after absorbing steady offerings. . Cities Service moved back and forth within a point range. +» ‘The weakness in Goldman, Sachs ¥ Trading rpm'lflon stock reflects the i/ further that have been made by SI mmduh Corporation and :Dlue mdr Corporation, both of which owned by the original trad- in( compan: “* !hmndouh has just reduced its stated value of common stock to $1 a share from $5, and transferred $23,592,~ X 35‘ to uplbl lus, representing un- Hzed d on of investments, 4 Blue has transferred nearly s:m.om 000 _following out the same ac- »ounting policy. Early this year Gold- {iman, Sachs made a revaluation ef its seourities sgaregating over $131,000,- 000, the immediate outlook unimproved, the iron and steel trade is banking on an’ upturn in January, Iron Age will say oy §=..,=a..'........,,.~ oy auumgflu-u&nunufluwb=nhun industry. ® W% M 2 110% 110% 110% 6% 6% 6 Am For Pow lwl.r)- . 6% Am Founders Corp, . Am Ges & EI (31). - BukmrBom BY J. C. ROYLE. Soviet Russia 15 centering the drive | for world markets on Europe at pres- ent, but s leaning over Europe's shoul- oy ders to strik: a back-handed blow at| | Previous day 4 ing the commerce of the United States. % The Soviet government, according to reports from American commercial offi- cials abroad, is dumping quantities of 2 rubber goods into Germany and North ; Central European countries. The Rus- 1 sians are boasting they will undersell g all competitors in tires and rubber foot- 2 1 s - -3 Municipal Serviice 7 2 Nat American Ca. 4 Nat Aviation.... 1 2 2 9 3 flnmlll mmlh and during a period when operations and moun! Am Superp pf Am Superpwr 1st(6) Am Thread pf (25c) Am U &G B vte 40c., Nat B & Sh ep 60c Nat Fam 8 (b10% ). Nat Fuel Gas (1) Nat Investors. Nat Pow & Lt pf (6). Nat Pub Sv A (1.60). Natl 8T Sec A £60c.. wear, and are indifferent as to whether they sell below cost or not.. It is re- Copyright 1930 Standard Statistios Co.) ported they are selling such articles at about one-third the price asked for 3 GRAIN MARKET. DEFUNCT BROKER FIRM. American goods. I e the CHICAGO, November 12 (P).—Grain New Enx Pow ot ) i 2 Joe icne (e et | SERCAN NSRS, pbuiy s | - IS HEAVILY TN DEST New Haven Cloet:(1) damaging. Rubber goods cxports last|!n the late dealings lfier whnt and | By the Assoclated Press. PO ) 50 year S e D (e~ States wers | corn both had fallen to new low-record | PHTLAD Novemper 13.—A ™o e e ahied st between 485,200,000 sad 360 | lvels. Traders who were short of wheat | letter mailed to creditors of the defunct ey 000,000. It is impossible for American | and ol B s ol brokerage firm of Reilly, Brock & Co. 1% 1% K producers to meet the prices quoted by | on conitracts were the principal ly, '- Auto Vot M ov pt % Bl & R Ry e 8Y 10%| Bussia, The latter has any amount of | 88 the day drew to an end. *Tte date |ty two memberd of which recently Aviation Cor of Am 2y 22 22 NiagoHud Pow 8 w.. “presséd” labor at her command. ~She | dvance was accompanied by talk ou. | committed gulcide, disclosed that the Babsox & WII (19).. 1268 110 110 1008 Ningacs g, Ma(40e) :;‘mb‘o'iflcf"flflrg by ":; Sxiremely low | Yow prices for O 28q Beet Bahia 's- Bem- . zade gpbher -2 Teco Bell Tel of Can (8. :5- 1«-/. utv. u:u @ Niplgsing (300)...... a_position to “bootleg” rubber {:“b:f‘dip“ge““" . ey Sy han B Hoten Noma 1 Corp (80¢) which was sneaked out of the planta- e < Blisa (B W) Ca (1) & 10w 1w 18 Noranda Mines (2). . Fons i i tral ecicmanis b7 Sup- |, OISR, s peryon, Ups gttt e T nese ai ' Biug Rdgecrofans. 21 B ol NOm Avicy & e #|*"Footwear production in Russia is in | com closed at % cent, net decline to | Ty Bourjols e, ... Not Central Texus. the hands of the Retino Trust which | % cen advance cals, % cent offto 11 | e, George 1€ 9% Bower Roll Bear (1). Nor Europ O1] Corp.. 1 d d Jfifnfimfi:{fl < NOTIod Bur Bve ey, 100 32 cents down. 23, three days before. Brock's death. Brit A To B 1.78 10c. 1 1 Nor 8t Pow A (8)... WHEAT— High. Low. Close. | - Of the $1,600000 assets so far dis- Buff N&EP of (1.60). 2 5 1 2 Nehi Corp (1.30) . Nelson(Herman) (1) Nevada Cal El pt (7) 25 New Brad Ol ase)e, New Eng Pow (2): 2 Asso el Util (b8%). Atlantic Secur Corp., Atlas Plywood (2) Atlas Utfl Corp. Atlas Utilities war. . Auto Voting Mach e NEW YORK COTTON NEW YORK, November 12 (Special). , ==Cotton prices advanced 3 to 10 ts ab the opening. of the market . ‘Trade buying in December contracts, . both new and old, was the early fea- . ture. Liverpool md the continent also bought cautiously, while Southern houses and local professionals offered cotton' freely. &moes were: December, old, 10.98, up 10; December, new, 10.98, up 10 January, new, u 15, up 10; March, up 3; May, 11.62, 6; July, , up 6, and oc.ober 11.99, up 4. CEIOMO LIVE STOOK m'l‘ CHICAGO, November 12 (#) (Uhited States Department of Agriculture) — 28,000 head, including 8,000 ‘Nn-lenuu::‘»»—lflgw‘;flngflo g?% E”;ag 5&:5555252 0 to Nor St Pow pf (6) cents a pair, while about’$1.25 is asked | pecemper, oid. 3, 70 covered, tely $1,400,000 is in for American overshoes. The dump- | December. T 1Y the form of. life insurance carried b; Bunker Hill & 8 163 ing of tires by the Resino Trust has B, "ol the partners. i cut into the sales of French and Eng- 1'he balance is in mm.lu on hand lish tires as well as American casings. and estimated k loans. this % | The disclosed lhblm.lu are ap- Organized labor is fully aware of |July et e . an roximately ) other [oans with colateral. 5 Nor St Pow of (7) N W Engineer (2)... Novadel Agene t3% . B 17 %% % et il d) t | . % b utboar« ot 'EL}.:,,,‘,’, f81: #ie Outboard Mot (B). Overseas Secur (1).. Pac GEE I1stpf (13) 1. x;:n l;lbsv (10.1‘0)¢-. o Western eee ing of material OATS— . Pandem Ofl. . manganese, coal, oil, grain and wood . b1 t;t;ure, Burma Corp (t31¢).. this Russian menace to industry and future employment and is opposing any reco(nludn or commercial activity with lnchinery exists, which might be efficacious in preventing the dump- ls such as rubbet -goods, M= OEERS ngot prod METAL MARKET. v peokele” seadi steel total 6! A of - wavonx November 12 (#)— o W“’“ \wards "» per steadier; electrolytic, spot and | 02 70 _ Celanese Cor pt (7) e 48 Celdnese ist pf (7% ) 3% Cent Atlantic States. 14% Cent Pub Sve A al.76 19 Cent Pub v Del..... "weight, pounds, IWMVY ont B¢ Bl tk400). ... “wweight, 250~ pmlfl 3 pack- 97 Cent St El pf (7) e e wgn.m 4% Centrifug Pipe (60c) 24 Chain Store Devel. .. 6% Chain Stores Stock. . 20% Charis Corp (i8).... 15% Chai Ph Alnv « 113% Cheeseborough welghnts, 0t Backirig sows, 7.508 8.2! mhfi 'fllh'» mod choice, 140~ , 8.65a9.00; l.ht ‘Ollh‘. S wma e - o) K gp e Joe) { SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) BN wRaRANS same annIMMM“ NEW YORK BANK STOCKS NEW YORK, Nevember 12° 10 Consol Laundrie: l) 41 Consol Retai 2% Cons Rayal OH lifle) 50 Cont] Share cv pf (§) 4255 21% Cooper Bessemer (2) 4 Cord Corp. 14% Corp Sec Ch EETERET LRSS 2835aes: & ARRER .*##.‘!‘5 BRSO e e 7% Crocker Wheeler. 10 Cross & Blk pf(33). * Crown Cent Petrol 6% Cr Cork Int A (1). # Cuban Cane propt 4% Darby Petrolm n (1) 15 Dayton Alr & Eng... 468 Deere & Co (g1.20).. 24 De Forest Radla. ... 12% Deisel W Gilb (1%). 1% Detroit Alrcraft..... 11% Diamond Match new. 113 24% Dia Match cu pf (n). 67 Iron- qulet; unchanged: Pantepec Oil, 2 . > A p in this country, but this Nation steady; spot: and nearby, 25. ey BaePno mekne of preventing the Soviets | Moreh: oide: future, 25,62, Lead steady: spot, New 4 Patterson Sarg (2).. from dumping goods in foreign mar- York, '5.10; East St. Louis, 4.95. Zinc | 4 Pennroad Cp (200). . hate, WERD Sol 2 Wl v Lo quiet; East St. Louis, spot and future, | i e with American goods. 4.37. Antimony, 100-7 10, Quicksilver, | lr;unfi:&PAnz y - (Copyright, 1930.) A K _“,:l 108.00. 'etrol Corp war..... - - s gy %0 Marcl pl B : g | 16% 15% 15% Pit P (200) .. , AR rani i. COPPER MEN AGREE . i7" % 19 17% | . 05, 20 PR 895 8 & ANK MA EN N. g i ). — erm i« ; Eridenti tnvgat Apprral o U, 5 Authortin| AR o Sk Yo ‘:;: Fubii Ot Hotd war Sought in Plan for World | e, peergyions folloving 5 closing Pub Ut Hold xw 50c. i ‘With the support of the government, Puget 8 P & Lt pf () Curtailment, the Bank of Prance and a ¢om Pure Ol pf (6. S 3% pflnnfil the prlnciml financial stitu- Quincy Mining. Special Dispateh to The Star. 4 oo uke oveme mmlh‘mmenc NEW YORK, November 12.—The Balo Produsts 13)..» copper f:m“ma': e of world_pro- of the old !nnmut_k:n umponrtly. ju ving n lmz on, repre- e sentatives of Canadian, American and MONEY MARKET. Reynolds Invest. pack, which ',",,““,;",,;",9,‘"!, ining 4| NEW YORK, November 12 () —Call Rich Oft Cal pr (18} Fiih the anti-trust lavs of thls coun- e el e e Roan Antelope Min. . Tt 15 understood that the prevlouly market funds were available at 13 per b A e e 8% | mentioned curtallment of 20,000 short °°nt, with some W:{.‘fi‘.“';"m}gh':"‘m Reawd ot Goen. oo tons monthly is belleved to be & step | o TRe ONEY U8 e Royalty Cp pf 11.70." g B stattaey’ back | Qommercial pager was unchingsd, with LAy 1941, o i e g i g T T Safety Car H&L (8). 50s | vanced today to 10 cents a pound, fol- unchanged. = “ :zg::ygwfld)lt’c)ug; 1 lan;: %:hl e decline “;.Exflu g e L gis Paper (1).., Tepresen ves, - Salt Creek Prod (2).. 20 3aid, have aided n the curtallment plan | Until lately the term, ~The Great to_meet, offering to curtall output between | War,” was used to designate the Euro- | to solve in a spirit of compromise schltz-nnl(l%) . 3 and 40 per cent from the high level | pean turmoil, revolution and wars|lems that until now have been Schulte Un bc-$) St.. of 32,000,000 pounds monthly. is lat- | which lasted from 1792 to 1815. only by war. Seaboard Uil (50¢). Sec Corp Gen 140c).. onBaloa manm ter figure is much higher than recent output statistics from these Congo mines, as compiled by the American Metal Bureau of Statistics. American copper producers did not realize “that Katanga was in a position this early t.o producz as much as 32,000,000 of copper monthly, ll the 20,000 tons a month cut be- comes the basis for final agreement, % Shenandoah Corp.... present stocks of refined, which have Shenandoah Cp (a3). 11 shown a gain of approximately 18,500 Sherwin Will (14%). tons in the last nine months, will rap- Silica Gel ctfs...... 9 {141y bs rediioed. Singer Mfg (119%). The discussions th\u far have been S0 Am Gold & Plat. . carried out under auspices of the ;l I;vz‘t),. ;:opm Exporhn'( e u;fion, formed PIB(1%). or Diltpoes of marksing co-gper. SoCal Ed pfC (1%). 'tion elsewhere in United So Col Pow (A) (2).. States, undsr'.hc:umamyotthewebb SouthldRoyalty (60c) act. It is probable that somewhere un- Spanish & Gen rcts. . % !der this act, which frees corporations, %) %|so far as foreign activities are con- cerned, from the regulations of the Sherman anti-trust law, United States’ red metal producers will be able to CHICAGO Dm‘ MARKET. emmpe —But- 6% Doehler Die Casting. m-m'fi?i;,““{wo' &.zum,.;:; 12% Douglas Alr (T5c) mn:ry as, 34%: standards, H 49 Dow Chemical (2). Ariis, A 31 DressSRI(A) (3%, oS B ':3, 21 Dresser Mfg (B) (2) ¥ ,,m .+ % 28 Driver Harris new.. A ""“' o : 2 Dubilier Cond & Rad 1% Durant Motors. 2 Duval Tex Sul wi. 14% Bast St Pow B (1) Seiberling Rubber. .. Selected Industries. Selec In all ctfs(4%) Select Ind pr (5% ). . Sentry Safety Cont 4 Shattuck Den Min. Shawingan W 42%). It takes boom times. .. 991 —not just normally good times, to bring about high prices for inherently weak securities. Only over-optimism at fever =~ pitch gives the semblance of strength to companies whose future is more dependent upon hope than history. Elec Pow Asso (1)... * Elec Pow Asso A (1) 19% El Pow & It sn.war. 9 Elec Skareholdg (1). 2% Emmncormr-u:;n. 1% Burop Blee deb % Evans Wallow Lead. ) 8! L 1 Stand Of) Ind (2%). 102 Stand Of Ky. (11.80) 53 L P TS :::saes:;=§=3=§ HEATRIRIBISM 2! * 12 Fabries Finishi 1% Fairchild Aviation. . & Falcon Lead. . 39 Fajardo Sugar. . 3% Federat Cap (180c). Stand Ofl Ohio (2%). 60s St Pow & Lt pf (7)., 1008 Stein (A) Copf 6%.. B Strauss Roth. . Strook & Co (1). Stutz Motor Car. come to an understanding on the world output of copper. Certain members of American repre- % | sentatives have been delegated to go to Washington to learn if ' there is not some way of bringing about a definite Moody's Compasite Portfolis Rating Securities of companies of weaker grade are particularly poor vehicles of investment CORPORATE TRUST SHARES represents an ownership interest Swift & Co new (2) 13 Swift Intl (13%).... 20 Tampa Eleotric (12). 34 Ferro Enam A $4%.. 11 Flatrets (1.25)..... % Fiintkota Ca (AY, . i 18% Ford Mot Can A 6% Ford Mot France 28c 8% 8 % g::-;«:‘o‘l:r“ll(l:“) ’% 2 #n'macn’v&;. 45 5% 8% Texon Ofl&Land (14) ox Theater 6 Franklin Mfg Co. Tobacco & All Stks. . 14% Garlock Pkg (1.20). 6% General Aviation. 1% General Baking 27 Gen Baking pf ¢ 9% Gen E Ltd ret (50c: 16 Gen Empire Cor (1) 243 Gen Wirepr (#23) 9 Gen Theat Eq w.i. 32% Gen Th ev pf w.i.(3). 12% Gilbert (AC) (1).... 14 Gleaner Harvn ()., 15 60 Glen Alden Coal (8). 17 B59% 61 7% Globe Undwritrs 30e. % Golden Center...... 2 1% 1% 1 Gold Seal Elec new.. 15 1% K 7% Coldman SachTC .. 111 8% 8% 7% 28 Graymur Corp. . 4 2% WU 2 69% flrly‘!‘ell’!flll\- 1 156 Grt At&Pacnv t5.25. 40s l“ no llG 75 GuitOlliofPa (1%). 14 T6% 77 754 % Happiness Candy.,.. %% mu.urowBu)., o Xt o 9 nt [td Lt & Pow of (6! 274 21% 274 20% Unit Mollasses Ltd 5% 6% U S Eleo Pow ww. U8 Foll (B) (1). U 8 Gypaum (1.60) US& Int U8 & Int Bes et 69 2% Hygrade Food Prod. 7. USLingspf (1).... 39 1N Pwr& Lt (6) 100 "s'gl:":\“f:::;:mns- 15% }mvgldol Can ':s.:c') fi ying e~ 1% Tmy e i1 Pow & Lt (a1).. L Lol hy Lid &% Uil PAL B otts (a1) 22 Ind Pipe L new(13).. 22 DAL B e 10" Ina win cuts (o10%). D1 & 1nd bt (%) % uitles. . ... 60 Indus Finevpf (7). 5% Uity Fq 36 insull Ut ($b10% %) vacuum o 48% InsCo N Am (13) . dor Root curtailment agreement. These ‘Ameri- can producurl feel that some way of “getting l' around” the anti-trust laws, in view of the prelont unemplnymem sit- today, no matter what rate of interest or dividend is now being received. Holding ustion in the industry, will be found in'deposited common stocks of in Washingten. “These’ ofcal negotia- goniced common wod on in the hope ‘thnt they will come back, tions may take several day a rather’ than selling out and reinvesting in _—.— llinois Central o a & ecuri f PARTS BOURSE PRICES. shcur ti: of greater and proven strength is PARIS, November 12 (P)—Prices tm- shortsighted practice. Original cost should veoved oG ORI IA . s not be the determining factor: centimes, Five per cent loan, 100 4 | francs 70 centimes. Exchange on Londoa, 123 funns 85% centimes. The dollar was quoied at 2f francs 45% centimes, INVESTMENT TRUSTS NEW YORK, November 12 (#).— Over-the-counter market: 288 ESES ) g-? ) 22882 RSS! e, E'rr}':' s Tri-Cont Corp (war) Triplex Safety Glass Tri Utilities ($1.20). Trunz Pork S (1.60). Tubize Chatel (B). ‘Tung Sol Lamp (1).. Unghrielder ¥ Corp.. Now is the time to change from weak to strong 'issues while both are at relatively low levels. A cross section of the enormous well-managed and strongly financed com- panies of this country offers the best appor- lfi:"":::.fi.,'.:"":' tunity of making up losses in securities. Amer Pou o = : Buy them and hold them as a group for B Siares. | income and increase \in value through tand Ofl Share: 'CORPORATE TRUST SHARES ;g!- o 23 =EgsgEEsse FRasEeseeE o2g8EEss =SensEEs: & F P E SEIE Utd Corp (war) . Unit Elec Sve (l 23 * 4 H Q0 gy, - o at” T 2! Bl norNen SU-R=DANNNE=RO .:, o i ¥ S 228 - SnBel 4 S8, B0 1910 5 0 120 5 0 ] A 2 ®F RS 247 tock ?«9 Ey 200 3 —i E Exehanse A helsea Exchange Cumulll"t.vt' Tr pas 8 - Price at Market, about 6% per share - Descriptive circular on request i B! ~ < i i FON % Ee 8wy e G_RAHA-M, PARSQNS & Co. 1422 u(lun,uf mrr Wi 48 WALL STREET Ei o o ooouEE e Walgreen Co. ... Co (wa ....:::_g;n:’ poaay ‘3eSauslieed ~eZsugtEesd