Evening Star Newspaper, November 18, 1930, Page 15

Utilities Prove Target of $élling, but Losses Are h ‘Il'!\?hou'lperctm- ferred opened 6 points on a sale of shares. The new low of 107 reg- by this stock followed the an- it that it would be retired $105. This retire- 19,700, but no new ted. NEW SECURITIES % ‘YORK, November 18 (#).—New cent non-call- o yield 4.45 per headed by Domin- bonds, due $51 31, 1931 to 1935, 5 per cemt, by e ‘fru afeove e figks i 235§, P >, fi- 5:, L FEEE SragSEan FFEE B o S s33sse: :s:uififl & B> £S5 T 2SS S3gengsaiis e 'm P NSRS SR = + 1) g SE‘ Sfilil SR 2 22833 FEESEE 22838882822 0252228883%228! 28 & & ;“&’ ¥ ORF SRR 35 "%u 8! * SEFEE W 3s33za3sss: BEF F FIEE ss83zgdsinas BEF FEIEF § 3238288 FEE 25=amgsp ek BT - esgnassyy HEEre: 23g= SHORT-TERM SECURITIES. " (Reported by J. & W. Selisman & Co.) Low. Dividend Rate. 204 10% Amliated Prod 1.60. 4% 182% 18% 1% Am For Pow (war) Am Invest (war) Am Laund Mach (4). 28 Am Lt & Trao (3%). Am Meter (3) Am Natural G X Am Superpowr (40c).- 238 8% 10% 92 Am Superpwr 1st(8) 4% Areturus Rad T 5% Arkansa Gag. 4% Ark Nat Gas (A). 4% Asso El Ind Ltd 30c % Asso Dyeing&P cod.. 16% Asso GEE A (212.40) 1% As80 GRE (A) dbrts 38% Asso Rayon pf (6)... 60% Asso TET(A) (16%) 19 Asse Tel Util (b8%). 5% Aute M ev pf pte. 22 Aviation Cor of Am.. Bahia Corp. . Bliss (E W) Co (1).. Blue Ridge Cp (40c). Blue Ridge cv pfal.. Borne Scrymser (2). Brazil Tr&Lt(h8% ). Buckeye P L (4). Bulova v pf (33 Bunker Hill & S 183 2% Burma Corp (131¢)., 3% Cable & Wire B rets. Canada Marconi Cent Atlantic States. Cont Pub Svo. A aL¥8 1% 18% 8% 30 W 14% 8 Chatn Stores Stock.,. 5% Chat Ph Al nv (50¢). Consol Copper....,. Cons Gas Balt (3.66). Consol Laundriest1) Consol Retail Stores. Dayton Air & Eng. Deere & Co (81.20). De Forest Radio..., Detroit Afreraft. Diamond Match ne o) S = " ", FRITF PP B WL TSSO, | FHULP /o ioot DT JUSIIORVORER — 11 LA SHSoter <08 YOl JOR X Dubilier Cond & Rad. = 2 Durant Motors...... Duval Tex Sul wi East Util Asse (3). East Ut Asse ev.... Eisler Electrie Corp. Elec Bond & Sh (b6), El Bond & Shcu pf §. 03% E] Bond & Sh pf (). Elec Pow Asso 26 FordMot, CanB12.10.100s Ford Mot Ltd 37%e. 40 Foundation For 8| 2 Fox Theater Cl (A) Franklin Mfg Co. 53% Gen GEE ev pf B (6) 3508 1% Gen Laundry Mach.. 1 9 GenTheatBgwi.., 22 32% Gen Thevpf w.i(l). % Goldman Sach T C 54 260 155 Grt At&Pacnv 15.25. 25s 122 1154 GrA&PTof (7)... 30s 31% 20% Great Lakes DD (1), 49 20 Guard Fire Asso (2). 5% % Guardian Invest.... 166% 75 Guilf Ofl of Pa (1%). 16 6 Hall Lamp (60¢).... 6 Hollinger Gold (§0¢) 69% Humble Ol (2).. 23% Hvdro Elec See (3) 87% 111 Pwr & Lt pf 15% (mp O1) of Can 21% Ind Pipe L (13) 17% Ind Ter Miu O (A).. 7 4 Ter Illu O1l (B).. % Intercontinent Pet 48 Intl Hydrocvpf3%. 13% (nt Petroleum (1)... Int Utilities A (334). Internat Uti] (B). ., Interstate Equities. , Interst Eq ov of (3] Interst Hose Mills. .. Irving Air Chute €1) Isotta Fraschini 1:06 [tallan Superp war. . Jonas & Naumburg. Knott Corpn (a1.60. Kolster-Br tAm 8Bh). Leh C & N n (1.40 Lefcourt Real #1 Lefcourt Real pf (3). Loew's Inc war).... Lone Star Ges n (1), Louisiana Lan & Bx. MacMarr Stores (1). Man; tpf (63%).. Marconi | Mar (3 Marconi br sh (28 Md Casuaity (new). . CORPORATION " REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS 34w 5 A% SR | AP 1 A =TT - P = Mesab Iron. .. Met & Min Inc Mid St Pet Vto A. . ey MIAWStUt (1%)..0 Mid West Ut (b8% Midvale Co (4).....e MoKanPL (b10%). CadBale_o pEvg8eSu et [ [SYSTOTSOPNS 3 |- NP UPAIIUPSS JUTE Aot PSP Munieipal SBerviice.. Nat American Co. Nat Aviation. . Nt S@. 8 25 3. N J Zino (13%). Newmont Min (£4) N Y Hamburg ::K).- Sipee iz ael gragg=iiet 25y 9% Niag-Hud Pow (400) 4 Nisg-Hud Pow = L S o255y s Nor 8t Pow pf Novadel Age: Ohlo B Tel cu pf (7). 80s % Ohlo Copper........ Orange Crush (1.50). Outboard Mot (B)... Pac G&E 1st pf (13%) Pac Pub 8v (1.30)..a Paoc Westera Ol Parker Pen (2%) Pennroad Cp (20c) 5% Penn Mex Fuel (2) Petrol Corp war. Philip Morris I Pierce Governo TFRANCE NAY LEND. BLION 0 BRTAN Paris Government Has Rolled Up Short-Time Loans of Huge Size. TUESDAY, NOV BY JOHN F. SINCLAIR. :": Special Dispatch to The Star. NEW ‘YORK, November. 18.—France $2,000,000,000 short-time , piated in Great Britain, United ml:m :nd Ge'm' any. Short- -mar) m’l‘:mm about ynoo“lo‘n Great Britain $1,000,000,000 to enable the British to get by? If true, it will not surprise econorhic_students who have been fol- e last Tve yeurs. o course over ve years. In London France: has short-time agreed upam, will be used in part take u% ice's short-time credits in Orclld‘ ritain and other parts of the ‘world. Since the war France has managed her finances astutely. She stabilized her franc—formerly worth about 19 un:.—ctdl.l cents, set her work and built up. these credits abrosd. in world—m as_the United States. 1f Prance loans Great Britain $1,000,- 230.?00 it will be the first time in his- Ty Need for New Buying. There are just as many people who have unsatisfied wants today as there were a year ago.. But now they haven't the_money to satisfy these wants, says D. T. M, & New Jersey reader. Here is the gist of his letter: their fences, ditches, etc., to go down. “The food producers of the United % | States have long been little better off Poterero Sugar. & Whit (2 % Prod Royalty . Pub Ut Hold (60¢).. Public Util Hold war Pub Ut Hold xw §0ec. Puget Sd P&L p£(5). Puget S P & Lt p£(6) R R 8h Corp (26¢)... Raymond Coner (4).. Rellable 8t (b5% ). Royalty Cp pf Ryan Consolidated. Ryerson (J) (2). & St Anthony Gold R Schulte Un §e-§1 8t.. Schulte 5e-$1 8t pt. . 3% Seaboard Util (50¢c).: Sec Corp Gen (40c).. . Seiberling Rubber, .. Selected Industries. . Selec In all e %) Select Ind Sentry Safety Shattuck Den M1, Shenandoah Corp. Shenandoah Cp (a3 Singer Mfg (Y19% 8mith (A O) (2] SW Penn P&L (1). Sou Wn G&E pf (7). Spanish & Gen rets. . Stand Invest Cum pf. Standard Motors. . Stand Ofl Ind (3%).. Stand 011 Ky, (11.30) Stand Oll Neb($3%). Stand O11 Ohlo (234). Stand O Ohle pf (7). Stand Oil of Ohio (5) Steln Cosmetlies. Strauss Roth. Taggart Corp (1).... Tampa Eleetrio (33). » 0O Dt 0t it TR 0010 19 53 0908 80 8 80 10 00 1 b Ungerleider ¥ Corp. Un N G of Can t1. - Utd Am Ut (b2% . Unten Tobaceo. 51 Utd Cheia pt (3) Utd Corp (war)... Unit Elec Sve (1.41). Utd Found b2-36 sh. » S Lines pf (1) U S & Overseas war. US Playing Cards(4) Utd Verde Ext (2)... Vaeuum (t4%). . Walgreen Co....000n Walgreen Co (war).. Walker (H) (1)....0 Walker Min (73%¢).. & Wenden O ‘Wil-Low Cafeterias. Yukon Gold. cee Zonite Produets (1). RIGHTS. Expire. 14% 11% Com Edivon..Feb 3 10 8 N Y Steam...Nov 24 21 19 PubSrvNIll..Feb.2 Dividend rates in dollars based on last yment. *Ex dividend. fPartly extra & Payable in cash or stocl dend. fPlus % in stock. & Plus 6% in stock IPlus 2% in stock. n Plus 8% in stock. 19% quarterly or semi-annual 1Plus 4% 8% 4 31% tors. Our price average for 90 leading stocks lost 4.4 points, ar, 3.2 per cent. In the grain markets prices were gener- ally higher. Other commodities were , but copper, which increased by 26 per cent last week to 12 cents & pound, was e for which present class A voluntarily exchanged on 1 ’euh two shares | make way for deserving peop % | taking the daily % HAGU %! | United States. b Pavable in stock. e Adjustment’ divic | After thoroug] . hPlus 1% in stock, kPlus 10% in stock. mPlus 3% I stock new class of cumulative preferred stock than peons (exc g in the war period) due to tariff, freights, restricted labor and Oriental competition—as T, cocoanut oil, ete. “After the war, farmers got the idea rosperity had come to stay, and so uxm and left—Arst out of war profits; then on credit. But to now, they must exhaust capital or work s slaves—produce at & loss. Start the farmers to buying and see how quick mflz will return.” That s’ true, but how to do it in a way acceptable Yo a majority’ of the people—that's the rub! Married Women in Industry. A Miami buiiness man was quoted in these columns the other day to the effect that all married women who did not need positions and were supported by their husbands should resi and who, badly needed the positions. The sug- gestion has been received with some ;x"m:h in various sections of the United mrl;lfire is & sample from H'W. in Call- a “All respect to the married woman who works for a living, if conditions demand that ch¢ work in shop or store! But for thousands of women to work for the sake of being able to dress in silks and bedeck their fingers with dia~ monds, keeping two autos, which, after all, are not paid for, and so creating envy In the hearts of those who are not able to J!t ‘work—that is dof great harm and has foade thieves out of many, ‘Who otherwise would be useful and law- abiding men and women. * * "!lo it's }:I‘D to"the business mai employer himself—to change things giving employment only to those need- mtltmdmtwthmwhanmnnly bread away from hun- 81y _children whose parents are unable to secure work. You know what ha pens when people are hungry and da;pllr—';;!}b. wllul resort to ™, fames - J. vis, Secre of Labor, newly elected United !':l'{u Senator %3&1}15371“1.-. recently nfinmz ,000, women _ are. now fully effiployed in the United Sta ' wo:;lel wrucr"\o ‘hh‘l: column from ‘ashington gives inion that 2,000,000 out of these 10, have husbands, also working, or are daugh| of well-to~do parents able to supj them. “If their places were given to those now . without work, unemployment in this country would' be practically dis- sipated.” It might not entirely meet the prob- lem, as there are, according to the lat- est ires, 3,500, le out of Bt 1 wouid g0 s ot spayar o ork: Other Comments. Here's another letter from the West t is my ln“r:nhbelhf that no con- cern, no mat how large or small, should. employ married women, unless under e:h‘::nu.un‘ mn:nznuneu. glt course, percentage is very small, I believe. Let the married women who are compelled to. work continue, but let the married women who are work- ing just to keep up a certain standard be ousted the pay rolls. “I think you will agree that if all the married women working—about 8 to 10 per cent on the average of the monle now employed—were replaced ere would be ht about an eco- nomic ramd;-:unenzw and at rlthe same time pave y to prosperity.” And _here's another comment from E. 8. M. dealing with same sub- it _conditions, the sug- whose sufficient to take care of them, should not be allowed to work, is good. However, under a rational system of industry, there would be work obtainable for every man and woman whe wants it. If you doubt this read ‘Looking Backward,’ by Edward Bellamy. (Copyrieht, 1930, by North Amerlcan News- paper - Alliance. E SHIPPING RULES INDORSED ‘AT PARLEY By the Associated Press. Legislation pending in Congress to establish the rights and liabilities of shippers and ocean carriers has re- ceived the approval of a conference representing the shipper, underwriter, banker and shipowner interests held at the Chamber of Commerce of the h discussion it = was volgdm &AX mmbo:lg‘i.nl m:;l‘nenc of "L:l; I ation em! s0-cal l:' rules with certain modifications Whieh the conference agreed to be de- Mmg}: Tll?f‘i:e Was m&“mw.t vleva that t! wi ‘most ant s l:l'.the interest :l international uni- formity in ocean bills of lading. The legislation in' question is em- bodied in mfim , now r:‘g:: before the on Marine and Fisheries of the House. —e NEW YORK COTTON NEW YORK, November 18 (Special), it lower to 2 s small volume. Trade in mod- E’“ ity In near months just about ;| BptesMaturity by | ® ,000 women | ¢he was | were s1. R ====§§5' 33 SUSPENSION OF A TO U. S. SIN BY J. C. ROYLE. Legislators who have returned hat their o time | Washington the into the red.” might delay recovery of business. are the horns of the dilemma Thos 1t while it has en is likely to ask for o 2 > DDITIONS G FUND URGE! WM that this " funds to convenes. Senator retumn of the 1920 income sue of bonds, the tem- n of the sinking fund it resolution - ments and, in fact, o annyevro{ Congress. of Congress and against each pro- the continua- the 1920 income tax rate are (Copyright. 1980 7| AUTOMOBILE TRADE CRUDE OIL OUTPUT Reports Indicate Rapid ReductionDaily Average Production Esti- in Surplus Cars During Recent Months, By the Associated Press. Indieations that the automobile in- to the N;ungd Au- the dlié{l ave Late reports sa) supply* that- has for many months a nominal proportion, and production of most major plants has duced ':fl;m mark about sum| w;‘n many quarters is heard the claim that the nationwide depression, with its curtailed purchasing , will prove & blessing in disguise for the the industry, This claim is . of his/ with & high used- industry, atd, 2‘:&’ for new business at S enny mady ‘mean 3 . low, has shown signs of moving cou ter to the customary seasonal do ward tendency. greatly reduced of new models at extremely low set in earlier than thus tending to bolster business remaining months of the year. I MORRIS PLAN BANKS | NOTE SAVINGS GAI Special Dispateh to The Star. ve year, companies _ situa! throughout the c. ntry, report app! ciable increases in the volume of M ris Plan thrift certificates held by te report for onths of this year showi: & combined amount of $97,042,000 no 000 will be to Morris bers. GRAIN EXPORTS DECLINE TO 756,000 BUSHELS "3 By the Associated Press. against 1,471,000 bushels the preceding}, week and 3,304,000 bushels the corre- ast -year. Commerce rtment figures today gave the fol- v lowing comparison between last week's) BeLrol ts and those of the week before:| 184, ? t 341,000 3 1 Canadian grain exported last week from United States ports amounted ta 1,201,000 bushels, ~against 559,000, bushels the preceding week, while North American exports last week of wheat: flour were 190,000 barre! 000 barrels the previous 000 barrels the same week last year, COAL PRODUCTION. By the Associated Press. We Production of bituminous coal de- | Wooif clined 447,000 tons, or 4.4 per cent, me :fi;‘k ended Nm‘ember 8, as previous 5 Output totals for comparable weeks low, as calculated by the United States Bureau of Mines: ‘Week ended Nov. 9,698,000 net tons us week........10,145,000 net tons week last year..11,285,000 net tons e it U. 8. TREASURY BALANCE. business Cus- date announced today as of close of oo racetpis Tor the. month. io 820.21. Total ordinary ex- 157,317.73, pen TREASURY CERTIFICATES. (Reported b3 J. & W. Seligman & Co.) been_re- ¢ parsllel with x it rel Edison Bros, X Frankford & South Phila_Pass Ry. || Godman (H 2d pt \Lel Grain_exports last week from the pybtor United States fell to 756,000 bushels, iMt Diablo mated at 9,957 Barrels Under Previous Week. By the Associated Press. decrease was registered 's crude ofl production last week, output small gains, sharply, rising 1 505,915. was well 000 bar- limit set by the State Corporation on, largest loss, its output he Tels, or 9,290 less' than week's yield. W was 276,048 els, & of 4,845; North Central Texas at 105,402 barrels showed a decline of 2,398. Heavy ofl production Southwest down 5,392 barrels at 97,844 barrels. Kansas tion fell off 5,750 bar- rels to re: 111,510. Eustern produc- remained unchanged reach yr-? showed the 75,000 bar~ preceding hios, 1.40a! sets, No, 1, 1.65a1.75; Na. 2, 1.25a1.40. DIVIDENDS DECLARED NEW YORK, November 18 (#).— Resgular. te. Fiod, Sble. of rd Q" Dec. 1 Nov. DERRGIE Biove b roif “Siéve DL, B3 o £ 7 B4 Hous Guif - Nov. 20 Deo. ¥ g B v w83 o pi.31.78 Nov. 1¢ lond Schacht Triick Pin Col 5. o & Rn ©'Gonnor & "Modtai R SERRI F § # H Nov. 30 00D POPOOODEDED © D OO Op DOXO D POEOOD O OOODI ¥ B IR 7 (i ‘Undwrit & Partic Union Twist Drill B an Mo 003000000 2y 2 ¥ BE 81 ‘Wright ETav Mns. it Gt Nor Ir Ore Prop.50c 4 Cor otor. Pin Sherwin-Williams & e 88 Burmah Oil Go Ltd "N Dep Rec.$0.368 I 5 . Lia Eastern Equit{ Corp. Revised, Atlantic Coust Pishe tat . T;fiufi« avidends as Nas Seen presiouss Stock, FINANCIAL. Long Decline Followed by Firmer Tone in Produce Market, bl daily, fourths of them from New York 8f Best celery in two-thirds crates, Ping points broght S5 1o 1 Ter ng pol t $1. 5. ments increased before the T! Ve Cold storage holds city markets at $1.50 0 48 per while bushel hampers from and Delaware brought T8c to $1. Ben Davis apples for Sold at $4.25 per barrel at Western New ;logmbmhd n':'d nfi Fancy los sold & el Digher 15 the west. 3 Butter Prices Decline. ‘The general tone of the butter market was weak d-November. wee er centers of population was - piled. Some bulter factoties are ing shipments. well suj inere ‘The le lower al pp b in storage were nduoenu all sections, except the region. Fresh Eggs Sell. Higher. Prices of Middle Western extra firsta, mixed colors, advanced 3 to 4c & the second week of November, principal des, been Contiimaed in 1arae supply, and were conf ly clining, vhue':!‘:: prices of fresh eggs were going higher. Dealers m; d'lum‘n th B 14 mary than Otcisarily auBeult move' mr stock into rather quiet during mm:mwm ncreasing L e from “z offerings of 3 Geaters Teporied no.diiculty of these when they were Trading was weeks ket time, in —_— DEMAND FOR MACHINERY HOLDS AT LOW POINT Special Dispatch to The St achinist. ‘The New York market although a small amount ef equipment 'is being & falling off e single-tool sales ers are