Evening Star Newspaper, November 14, 1930, Page 13

EARNINGS INCREAS Gain of $8,756 Is Recorded for October Over 1929 Figures. [#7 BY EDWARD C. STONE. ‘Total net earn of the Capital w& h’“lhflwdp ltt lnm:ml totaled $58,638.23, in com- rxlm with $49,881.57 in October, 929, or an_increase for the month of At zhe same time the tra flm g cut operating expenses, h this year were uu 780.65, against ‘!“ 356.79 in October a year ago, reduction of $6,576.14. The hllher earn- ings increased taxes $2,249.95. Non-operating income was practically the same as last year and deductions from gross income were also practically the same. The number of revenue 33,501, against 'n produced m higher nz in lplte of lighter 'l'- Months' Earnings Reported. The report also summarizes the Cap- ital Mon earnings for the first 10 momha of the present year. Operating come reached $3,448,580.96, compared wlth um,mv- up to November 1 last year, a decrease of $115,584.82. expenses required $2,517.- 748.30, uunn $2,558,662.27 last year, & decline of $40,913.97. Taxes were $9,- 995.75 under the requirement of the first 10 months in 1929. After all the usual deductions the enrpontlvn reported a net mmme dur- the period amounting to $379,028. compared with $446,781.42, a decrease of_$87,752.90. Revenue fiuen‘vn for the 10 months totaled 43,069,852 n.;(inn 47,272,890 a Sales of the Great Aflantic & ‘Pacific Co., announced My. ‘were $100, for 3 compares m,m. 14, or 5.16 per cent. At a meeting of the Washington Couneil of the National Union ‘ance held last evening a nrnnn&lnu be 52, hl 6% Am Browre Bov Abraham St pf Adams Exp (1 Addressosr'ph (1%). Advance Rumle: Alr Reduction (+434) Alr Way El Ap (1%) T AmBrSh&F of (1) 40, Elec Am Can (15). Am Car & Fdy Am Car & Fdy of " Am Chicle (3). Am Colortype (2. Am Com Alcohol. Am Encaustie (1) Am European Am & For Pow: Am & For Pw Am & For Pow 24 pf Am Hawallan (a10) Am Home Pr Am lee (14) erna®a CET M Am Metal pf (). Am Power & Lt (r! Am Pow & Lt pf (6). AmP&LDIA (3%). Am Rad&Std San(1). Am Republics. Am Roll Mill Am Safety Razor » OIS TV)-TOT TP RUTOL JPTPT S T OV P S Am Stores (12% ) Am Sugar Ref (5) Am Sugar Ref pf(7 Am Sumatra Tob. . Am Tel & Cable (5) Am Tel & Tel Am Tobaceo (5) Am Tobacco B (5) Am Tobacco pf (6). Am Water Wks (n1). Am Woolen. . Am Woolen pf. Am Writ Paper ctfs. Am Zivc Lead & Sm, 12 Anaconda Cop (23%). 285 Anaconda W&C (1). 2 Anchor Cap (2.40)... Andes Copper (1) Archer-Dan-M (2). Armour of Del pf (1) Armovr of 111 (A) Armour of I} (B) Armour of 111 pt (7)., e EIT T PSP Atch To& 8 Fe (10). Ateh To & 8 F pf (5), Atl Coasnt Line(t10). AtIGuif&WI@).. AtGuif & W I pf (§) At Refining (12).... Atlas Powder (4).. Atlas Powder pf ( Atlas Stores (n1) Auburn Auto (§4) Austin Nichol Austrian Cred (3 82). Aviation Corp of Del Baldwin Looe (1 S A THE EVENING STAR, WASHINGTON, D. C., Stock and Dividend Rate. = Add Corn Pr Ref (14%).. Crof Wheat (323).. Crown Cork (f2.40). Crown Zellerb'ch (1) Cuba Cane Prod. Cuba Co. .. Cuban-Amer Sugar. . Cudahy Packing (4). Curtis Publish (17). Curtis Publish pf ¢7) Curtiss Wright Corp Curtiss Wr Corp A.. Cushman's pf (T) . Cutler-Ham (3%)... Davison Chemiea! Debenhams (70¢). ... Delaware & Hud (9). Del Lack & Wn (7)., Denver & RG W pf.. Detroit Edison (8)... Devoe & Ray (1.20).. Diamond Mateb (8),. Dia Match ctfs (8) Dome Mines (1). Dom Stores (31.20).. Drug Corporat (4) Duplan Silk (1). Du Pont de N (14.70) Bast Roll Mill (ht2). Eastman Kodak (18) Eastman Kod pf (8). Faton Axle & 8 (3) tilec Auto Lite (6 Electric Boat. . El Pow & Lt (1). El Pow & Lt pf (8) El Pow & Lt of (7) £ Storage Bat (5).. Emerson Brant (A). Emporium Cap (1).. Endicott-John (5)... Eng Pub Serv (2.40). Eng Pub Sv pf (5%). EFfORR..ccocee o0 Erie RR 18t pf (4)... Eureka Vac Cleaner.. Evans Auto Loading. Fairbanks Co pf. Fed Min & Sm pf ( Fed Motor Tr (80c).. Fed Wat Sve A 2.4 Federated Dept Strs. F1d Ph Fire In (2.60) 4 Firestone T& R (1). Firest T & R pf (6).. First Nat Strs (2%). Fisk Rubbe Fisk Rubber Florshelm Sh pf (6). Foster Wheeler (2).. 19 Foundation Co. . 1 Fourth Natl Invest.. Fox Film (A) (4). Freeport Tex (16)..¢ abridl Co (A) Gen Am Investor: Gen Am T'k Car (1 Gen Asphalt (3) Gen Bronze Gen Cigar (4). Gen Electrie (1 Gen Elec spee (60c Gen Focd Corp (3).. Gen Gas&Ej Ace30c) Gen G & El cv pf (6), Gen Ital Ed (a! Gen M1 Gen Mi Gen Refract (14%) Gen Theatre Equip. Gillette Saf Ras (4 Glidden Co (1.20) Gobel (Adolf). ADVANCE IN STOCK z| PRICES CONTINUES Market Absorbs‘ Profit Tak- ing and Maintains Up- ward Trend. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, November 14.— Al- though changes were, as a rule, in small amounts, trading in the stock market today went on in an atmosphere of tempered optimism in striking contrast to the ruling sentiment only a few days ago. The price trend was upward, not emphat T but cer- tainly rnhum -flr. -ommy ses- sions of urgent liguidation. Weak Spots. Among the weak spots in the early trading were some of the amusement shares, notably Fox Film and Loew’s, but this selling did not unsettle the rest of the list. For a time during the first hour the electrical manufacturi stocks were heavy and almost all o the time at least one or two members of each &mun lagged behind the rest or sold of oderately. The tone of the m-rket as & whole, however, was much better. _Cop stocks maintained their recent gai and, except for Cerro de Pasco, which was affected by the disturbances in Peru, increased them more or less. Copper metal was sold in the domestic market at 11 cents & pound and the amount available at this level was said to be small. " No one development has given so much encouragement as the recovery in copper. Another heartening feature was the better feeling toward the railroad stocks. Liquidation in this group dried up ard there ewere scattered advances, lnclnd- ing those in Great Northern preferred, Union Pacific and Chesapeake & Ohio. The tobacco stocks rebounded sharply under the leadership of American To- bacco shares. Utilities Group. In the utility list American Tele- hone showed a resistance to selling it gld not exhibited earlier in the week, while Columbia Gas, North American Co., Consolidated Gas and other stocks of that caliber gained at the expense of the shorts. At -the start Unied States Steel seemed heavy, but before noon it had rallied well above the preceding close and to the best of this recovery on buying stimulated by the.bullish atti- tude taken toward the market by a house loi associaed with that stock. General Motors acted much the, same way, hesitant in the first hour, but | later on making up the dividend which | came off the price today. Probably the decrease in brokers' ]m s announced by the Federal Re- e overnight. carrying the total down w the lowest since the record was t, was not an important influence in the market, but it did emphasize the ex- tent of the liquidation lhat has taken l’ll!.u and the strong underlying po- jon. Call money renewed at 2 per cent. but loans were available at concessions on the outside. Upward Trend Resumed, ‘The market, after a strong opening, reacted and hesitated for a few min- utes, but before flm end of the first hour had Tesunted its vpward march. This was true of the v:eat budfl of stocks and of most of the active ers, though United States Steel enn- tinued weak aftér dropping its opening in. "Thg second uj paralleled the is- suing of a bull statement on_mine T S | a few early months. FRIDAY, NOVEMBER 14, 1930. FARM TOOL EXPORTS ARE ON BIG SCALE Effect of Trade Recession Is Slight Compared to Other Products. BY the Associated Press. Partially offsetting the approximate decline 25 per cent in American ex- for the year to date is the show- tered by this country's agri- mmm 1“lmlla tnulun tries of this ents to foreign countries class of commodity for the first nin months of 1930 amounted to $97,275,174, as compared with $109,721,084 for the same months of last year. While the m’lflwmll‘l" the de- is "fi.fi'fl"‘;fl"“""‘ n:oul exports, an: ar below expectations in view of finapcial depression, disar- ranged political orotntsations sed Qs u;rbed agrictltural dltm in many the best fore! as & very active participating market hn bnn the best nuuh factor in the of this ity. Denn.mem of erce statistics dealing with foreign trade with specific countries are compiled but semi-annually. However, latest figures for the half year showed Russia as absorbing aj imately $30,000,000 of the six months’ total of $78,986,000 of farm tmnlemcnu‘ exports. About $25,- 000,000 of these purchases were made in the first three months of the year, the Soviet, unlike most foreign cus- tomers, concentrating its purchases in American farm tractors enjoy ex- treme popularity in all countries of the item, mcmm; engines, moru than of more than $2, ooo for t.he nine months, as against the same period last year. Generally, exports of cultivating ma- chinery compared favorably with ship- ments for the corresponding period last year. Exports of planters lncrnud more than 100 per cent while the trade in plows, cultivators and sprayers was satisfactorily mairtained. INTEREST RATES. By the Associated Press. Time money showed a further re- cession last week, but call funds re- mained at the prevailing level of 2 The_aversge for comparable. periods &t average for comparable a leading centers is given, calculated by returns to the Department of Com- merce: Time. 11, Week ended November 8... 3.00% ?g'; 00 | Previous weel | BameWook Tas Danville Christmas Savings. DANVILLE, Va,, November 14 (Spe- | cial).—Six Danville banking institutions | | will distribute $253,000 among 8,420 members of Christmas savings clubs this year, a poll of the local banks has shown. While this sum is smaller than that of last year, when $310,000 was paid out and shows a drop for the first time since the Christmas savings idea the accounts held up vell considering local circumstances. clubs . started the year with :fil creases in membership and had able to continue their payments near) y half a million dollars would have been paid out. Moncy to Loan SV S ADVANCE IN COPPER PRICES IS CONTINUED » the Assoclated Preis. NEW YORK, Novimber 14.—Copper Exporters, Inc., tods' increased the price of n:pon emm one-half cent & 1L Business and P;fouiflul Mn. Details on Request v e a F. T. Koons, General Agent ys an ht s et price to a level of & of 10}; cents, delivered. one-half cent in the to 10 cents a pound, de- ay, marked the first metal for several umers found little or no m!ul available in the domestic market at 10 cents i, of ness users were biddi s high as 1014 cents and some .»g;““r was re] sold at 11 eenh mestic delivery. 51st YEAR COMPLETED WALTER S. PRATT, Jr, Secretary ident ll.!'l.l!l 48 Surplus & Profits .$1,818,655.92 Subscription for the 100th Issue of Stock Being Received Great Ac- complish- ments Through System- matic Saving —T housands today enjoy prosperity because they adopted the sy st ematic saving _plan of the Equi- . table. We will gladly explain our systematic plan for saving! The demands of the public for a Real Estate Loan Plan that would meet the individual needs of home owners -the Metropolitan Life Insurance Company adopted a plan offering— Loans for Fifteen Years, Low Interest Rates, Reasonable Charges with No Life Insurance Requircd. Construction Loans in Any Amount WEARRSRS ;wcn i:‘l Dml"nnx:dlu:ck: uehmg: ouse. 0] al per cen! " Buring the first haif hour, PRICES shares W ashington Building District 9486 Mortgage Loan Correspondent Smouhted® to. 347500 : Metropolitan Life Isurance Company e EEE f i I £ 3 m? 10 months’ net to n&o $5,278,430 in the like ‘The Adverunn. Committee of the District Association had most. onunuuuc luncheon m n whklbl E interesting Club last night. P-pal were read by Raymond G. Marx and Robert A. Sisson. Lanston Heads Local Market. Lanston Monotype stock was me ‘most ‘u;tlve issue on the wflmn (C] toda: o ’ul!lnl at 102, xfi“ by 10 selling at 101, 10 more at 100%, 20 at 100%3, and a final 10-share sale at 100% . Capital Traction paid little attention to the favorable earnings report for the earnings was noted. The Tegistered a turnover of only 12 shares tion 5s were recorded at A small sale in Potomac Electric Power 6s was recorded at 1043,. The market closed with two $5.000 sales in Rallway & Electric 4s at 87%. Treasury Issue Oversubscribed. Secretary Mellon announces that the ibed. The Treasury has ag- bids totaling $127,455,000. Dairy Products . The the 4 per cent paid in 1 per cent in- more. . Ay Century Rib Mills. 1% Y Bklyn-Man Tr pf (8) Bkiyn Union Gas (§) P T - Budd Wheel (1) Bullard C Bulova Wateh (3). Burns Bros pf (1) Burr Add Mach (1), Bush Termnal (3%) Bush T Bldg pf (7).. Butte Cop & Z (50¢) Butte Superios Butterick Co s wmn s AT% Byers (A M). Byers (A M) of (T).. Calif Packing (4) % Callahan Zine & Cslumet & Arizo Calumet & Hocla. Campbell Wyi Canada Dry G A (6). Can Pac new (234). Cannon Mills (1. Capital Admin ( Capital Adm A »f (3) Car Clin & O sta (5) Case (J 1) 16) Case (J 1) pf (T). Caterpillar Trac(t4) Cavanaugh-Dobbs. Cerro de Pasco (4). Checker Cab 4.20) .. Ches & Ohlo (3%)... Chesapeake Corp (3) .3:5_.”..=§= o Chic Grt West pf(1). Chie M1l 8t P & Pac. . Chie M1l St P & P pf. PR Ty Chic R 1 & P pf (8) Chi YellowCal Chickasha Cot Chiids Co ¢ Chile Copper (2) Chrysler Corp (3)... City lee & F pf (6%) City Stores (50¢)... Clark Equipment (3) Cluett Peabody (3) Coea~-Co Ia (8). Colgate-Pal-P (234). Colg-Palm-P oef. Col Gas & El (2). Co! Gas & El pf A (8) Gr North pf (5). Gr Nor ctf Ore Great Western Sugar 37 Gr West Sug pf (7). 430, Grigsby Grunow. . Gulf Moblle & Nor Gulf Mob & N pf (6). Hahn Dept Stores. .. Hahn Dept 8 of (%) ) s B Hartman Corp (B) Havana Elec Ry Hayes Body. Helme (Geo PP T T Hud&Man Ry €3.50) Hudson Motors (3). Illinois Cen ls In &4) . Independ O & G (2).. Indian Motor Cycle. . Indian Refining. Ingersoll Rand (16). fration Copper.. l jurance Sh (45¢).. { ctfs (Md) (00c Interlake Iron (1) Intl Bus Mach (n! Intl Carriers (2i Int] Cement (4). Int] Combustion EP TN neRummo Intl Match pf (4). Intl Mer Marine (2 4 Intl Nick of Can (1 Int Nick Can pf (1 Intl Paper pt (7). .. Intl Paper & Pwr A. Intl Pap & P pf (1) Intl Printg Ink (2%) Intl Rys Cent Amer. Int Rys Cent Am cf Int) Salt (3) Int Dpt St pf xw (7). Inter Dept Strs (3).. IntertypeCorp (2)... Investors Equity (2) Island Cr Coal (4)... Jewel Tea (16) Johns-Manvill Jordan Mator Ca: Kayser Juliu: fl M). Kelly-Spring Kelly‘snrlnllfi . 1208 Kelly-Spring 8% pf. 40s Kelsey Hi Kelvinator Corp Kennecott Copper Kimberly-Clark (13) Kinney (GR) pf (8) x‘nfl 415,900 in the first half hour of Nonl American was a feature, rapidly to 68%, off nearly 2, “then recovering the lost wiftness. Utilities like Southern, Consoli- dated Gas and United Gas & Improve- tors. DuPont was a strong :rfl b t Chrysler sa slightly. In maunmu General Electric di to a point loss, but Ooclcoll N‘ Dairy Products and m. Anaconda, Calumet & Heell Oerre De Pasco, Nevada and St. Joseph Lead led the mine stocks. Rails were quiet. Norfolk & Western gained 3% points. Ofls were strong. FORD SCHEDULE INCREASED. NEW YORK, November 14. (#).— The Ford airplane factory has been placed on a 24-hour day working sched- ule with bookings over $750,000 on hand and more business in prospect. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Selling checks TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) Maturity S Deo: 15, 1930 FIRST PROOF OF SAFETY —in an investment in our 6% Over a Third For more than a third of a century they have been popular REDUCED! THE TREW MOTOR CO. 1509-11 14th St. N. W, First Mortgage Loans hunnmcmm and .Virl!':ll First Mortgage LOANS We have first mortgage mgney to loan on improved real estate in Washington and its suburbs. 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New Family Protection Plan—Canecellation of Unpaid Balance in Case of Death or Disability Through our association with Domestic Finance Corpo- ration, we are now able to cancel the unpaid balance of any future loan in case of certain disabilities or death on the part of the borrower. This additional Cotum Graph 1 K Radi/ 3 4 of a family protection costs' you nothing. It is only one of 4 with Washington investors and Columbian Carb (16) N Y - ” Comm Credit m. ‘ 8 I Century without loss. In addition to the ::."_':' ';'::'::.;'.:h:: bl ::‘":_:;_::_' ":: Without & 6% being liberal return, it is endorsers. definitely fixed and is paid with Come in, write or 'phone for full i ing the many benefits of our New Fa regularity, upon the due dates. bty o X First Industrial Bankers Subsidiary ” e Finanee Corporation 3306"Rhode Island Avenue RAINIER, MD. Teleph Hrdtnll“ 1100 s Loss May be purchased in amounts from $250 up. . SAUL CO. 925 15th St. N'W. TR