Evening Star Newspaper, November 20, 1930, Page 15

Favorable Earnings State- ments and Dividend Actions Aid Many Issues. N BY JOHN A. CRONE. Dispatch to The Star. YORK, November 20.—A series of favorable earnings statements and dividend actions more than offset un- « Iavorable news today, and the Curb Exchange continued its advance. Hlectric Bond & Share worried the NEW YORK CURB MARKET Am Capital (B) ... Am Capital pr pf 6% Am Cigar Co. see Am C P&L (A) (a8). AmC PaL B Y. Libby McNell & L... Loew’s Inc deb rts... Loew’s In¢ war' Lone Star Ga Long Isld Lt LaP&Lpt( MacMarr Stores (1). Mavis Bottling...... Mead Johnson (143) MerCh &8 ( Mesabl Iron Met Chain 8¢ Mid St Pet vte Mid WSt Ut (1%). Mid West Ut (b8%). 2! Mid St Prod n (2)... MidlandUnited war.. Midvale Co (4)...... g AR B (AR S Direct to The Star Office DEBATE ON BANKING CHANGES REVIVED : Recent Failures in South Show Chain System in Unfavorable Light. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, November 20.—The sus- pension this week of a large number of inter-related or chain banks in the South has brought up again for active discussion the relative merits of the two modern tendencies in American THE EVENING STAR. WASHINGTON, D. C, THURSDAY, NOVEMBER 20, 1930. . STOCK AND BOND AVERAGES By the Atsociated Press. Special Dispateh to The Star. PARIS, France, November 20.—George L. Harrison, president of the Federal n i!ifizh 7% Mo Kan PL (b10%). I Mo Kan P L vte ely, those where control ! ! it during the forenoon by its gain A . points. Covering was accel- 5% .:m goun:rl-l ((r;l“ 0) Montecatini deb rts. . earn! report show! [ e 4 Mount Prod (1.60).. T “"l' e i “‘;’: % 00 ' Mount 8t Pow pt (1) 10 et, against $2.: 3 Ine (B).. ! NarAmens wise benefited Electric (war).... g t Warrants, American & Am Laund Mach (4). Am Lt & Trac (3%). ‘Warrants and American % A: - rerdinng %l Electric, for it showed Electric Am Meter (3). 1008 had increased its hold- Am Natural G: 7 since June 30 Am Superpowr (4?:) szl Nat Pub Sve B(1.60). Am Superpwr 18t Nat Rubb s Bervice maintained its pre- Am U & G B vio 40 Natl 87 Beo 4 f500., ‘closing levels during the fore- Anchor P F (b10% Nat Sugar NJ (3) because the October report showed Appalachian Gas. Nat Transit (1) for ‘common of $3,763,738, Arcturus Rad Tu Nat Unfon Ra $2,686,781 in the same 1929 6 Nehi Corp (1.30). and the number of common A) Newmont Min (£4). lhnhnldu":,’:;m'l: "J::.”h:t nont‘hg:l : S I Newport Co (2).. increased 17, as of 9 ber 16, " [ Asso E1Ind Ltd 0o, 12 T N Assu G&E A (a12.40) T4 N Y Transit (+1.80). As30 G & El ctfs (3).100s Niag-Hud Pow (406) As50 G&E (A) dbrts Niag-Hud Pow A w. Niag-Hud Pow Bw. . Niagara Sh. Md(40¢) Niles-Bem-Pnd 3% Noranda Mines (2).. No Am Aviat A war, Nor Central Texas. . Nor Burop O1] Corp. Nor &80 Am CorpA. 2 Nor Ind Pwr Sve($).1108 Ohlo B Tel cu pf (T). 708 Ohio Copper. G2 Outboard Mot (A). Qutboard Mot (B). .. 26% Pac G&E 1st pf (1%) R ! f (11 ; i g z & 8¥ : 4 | ing, in which one strong metro- poljfan institution establishes in its own tory or in outlying districts or throughout a State its own offices. e 1ot ovenion” e ameriean | LEGGE INSISTS FARM BOARD HAS NOT ENTERED BUS BY J. C. ROYLE. Business is adjusting itself to the i : (Copyright, 1030, Standard Statistics 0o.) i i § i § g ?gfi i it e B A E ift'i H i I E a ES il ] i T i z | i %gi i I i i i ] i i g ; f i § H} i i i ; i i ; ! B H za Auto Voting Mach Auto Vot M ev of pt. Rallway Tucsday. Aviation Cor of Am. . Standard Oil of Kentucky by its % Babia Corp. .. of an extra dividend of 20 B¢ E i ammavanBe £ i i g if o ] i FEw i ; s i 3 Brazil Tr&Lt(b3%). Bridgept Mach (25¢) Buckeye P L (4) Buft N&EP pf (1. Eulova ev pf (3%) Burma Corp (t31e).. Cable & Wire B rcts. Canada Marcon! . Carib Syndicste. . Carnation Co (j134). Cent Atlantic States. - Sl annan hoHNR R aNE - vor WL LT £ Pennroad Cp (20¢). Penn Mex Fuel (2). Penn Wat & Pow (3 Peop L& P A a2, Petrol Corp war. Philip Morris Ine. Philippe (L) B 11.30. Pitney B P n (20¢c).. Pitts Plate G (2) TR sisagég geft el ?Esgésg a holding company. In paid for the local :+ Grresstin HIGHER STANDARDS OF LIVING PREDICTED American Statisticians Also De- clare Business Recession Will Probably Continue. Swannaia - Prince & Whit (25e). Prince & Whit pf (3) Prod Royalty (f1) Prudential Invest Pub Ut Hold (50c) Publie Util Hold war Pub Ut Hold xw 50c. Pyrene Mfg (80c)... RR&LLS (15) 3 R R 8h Corp (3! 1% 30 Reeves (Dan’l) (1%) % Rellance Int §A).... elian: - o - DTy T MoNBHO~ NN 49 Contl Share ev pf (6)450s 21% Cooper Bessemer (2) Roan Antelope Min. Rock Lt & P (90c). Rossia Int Corp. . Ryan Consolidated. . Safeway 8 w(24)(C) 70s & St Anthony Gold.... 10 St Regils: (1).. 9 Salt Creek @. il % SAXetCO..vuviiitn Schift (The) Co (2 Schuite Ul'l,lc-') St Special Dispatch 10 The Star. NEW YORK, November 20.—The hen they | ;iandard of living in the United States, 4 Crown 6% CrCork Int A (1)..., 2 1 4 7 3 4 17 & 22 5 3 L 4 1 0c >, 3 1 3 12 Soleoted aburais. 34 ¢ ecty ustries. Afrcraft. 2 2 Selec Inallctfs(s#) 21 Select Ind pr (53%).. 6 Beltridge Store(37c) 20s Shattuck Den Min... 2 Shenandoah Corp... 12 Shenandoah Cp (a3). 15 tnerease 22 Sou Penn Ofl (123 ). 85,657 since January 15 last. “fi!ubf;("")' Elec Pow Asso (1). . of 7,735 since October 15 and SouthldRoyalty (! BONDS ON THE OURB in DOMESTIC BONDS. Elec Pow Asso A (1) Spieg M 8t pf (¢ . . Noon. El Pow & Lt op war. group are those which they had an when & real test developed. lieve that the recent episodes in South will give greater weight in Con- gress to efforts to legislate in favor of branch banking, and expect to see the question brought up actively at the next session. _Controller of the Cur- rency John W. Pole is one of the strongest champions of branch banks’ { privileges for national banks and has stated his views very clearly on this subject in frequent public addresses. (Copyright. 1930.) Baltimore Markets Special Dispateh to The Star. BALTIMORE, Md., November 20.— Potatoes, white, 100 pounds, 1.25a1.75; Tran Con Afr Tran. . [3 barrel, 2.00a3.00; sweet potatoes, bar- Ford Mot £ 37% Trans Lux DL PS. . rel, 12582.00; yams, barrel, 2.25a2.75; Foundation For 8 Tri-Cont Corp (war) beans, bushel, 1.00a1.75; beets, 100, ',, g o HeasE (Bt i | | “That was the right time to buy! Garlock Pkg (1.30). 00; caulifiower, crate, 1.75a2.00; General Aviation Genera) Bakin Gen Baking pf Gen E Ltd ret (50e Gen Empire Cor (1) Gen Firepr (13%)... Gen Laundry Mach.. Gen Theat Bq w.i.... Gleaner Harvn (2).. Glen Alden Coal (8). Globe Undwritrs 30¢ % Gold Seal Elec new. . % Golden Center...... Stand Invest Cum Stand Ofl Ohlo (2%) Elec Shareholdg (1). Stand O Ohio pf (7). Bmyire Corporation. 2% 8 Starrett Corp. . Emp G&F cu pf (8).. Strauss Roth Emp P Ser A (21.80) Stuts Moter Car. Engineers Gold. Burop Eleo deb rti Fabrics Finishing. Swift & Co new (3) Technicolor Ine Teck Hughes (80¢).. Texon Ofl&Land(14) Fiat rets (1.35) . Florida P&L pf (7 Ford Mot,CanA 2. Utd Gas Co (new). Utd Gas (war Utd Gas pt (7). o2 Utd Lt & Pow A (1). 107 Utd Lt & Powpf (6). 1 Utd Milk Prod pf.... U 8 Elec Pow ww. U 8 Foll (B) (1). t Seo: , & Lnt Sec 18t (5) 8 Lines pf (1).... U S & Overseas war. U S Oversesct($%¢) . ) —is what we will be saying in a few years, referring to now—not to any particular week, and certainly not to any particular day, but to present price levels. fruit, box, 2.5083.50; 20; "o , box, bushel, 1. o E Sl emnanan®~ Dairy Market. Sumeonmnenuna Less than one per cent of the invest- ing public isever successfulin buying at the very bottom, but countless N ot investors do succeed in buying at low prices. Trying to pick the low point is difficult because daily fluc- tuations usually obscure: the first signs of change in market trend. - CORPORATE TRUST SHARES represents an ownership interest o deposiied common stocks of these 28 Companies oy 5 FEXE F O =EF Be? Gramaph rets (30¢) Graymur Corp. ipts, 3 firsts, 40a42; hennery white_firsts, 48; Southern firsts, 36a38; current receipts, o | 36a38. Butter—Good to fancy creamery, id, 33a38; ladles, 26a28; rolls, 25a 7, process, 31a42; store-packed, 19. Live Stock Market. c-m—kn:ceipu, 200 X;&‘ld: ugn sup- market steady; medium to good, .80; fair to medium, 4.75a 5.25; 11 4.25a4.75; common to ; cows, choice to prime, % | none; good to choice, 5.00a5.50; me- dium, 3.75a4.25; plain to fair, 2.7583.25; common to plain, 2.00a2.50. ‘hoice to prime, none; to choice, 8.50a9.00; medium to good, ; falr to medium, 5.50a6.00; RIGHTS. Sxpire. u 8 N Y Steam...Novié 32 ™ T4 gfl:‘ an.‘;‘zo 5.00a5.50; common to % Internat Util (B). . 5 8% Peop GL&C...Jan 16 2 11% 11% 11 ws :uurg.n.e.lunm.-.. :s‘: ey Sas ta dellars based ou Jast quartasiy or ml-lnnll: 80.00. NN eus 00 ron Cap Copper. ... ment. ividend. tPartly extrs. IPlus 4% in stock. | Shey . italian Superp (A).. w 8 Pavable in cash or stock. b Payable in stock. o Adjustment aivi. |, Sheep and lambs-—=Recelpts, 300 head; [talian Superp war. . 1% 1% 1% | dend in stock. & Plus 8% in stock. h Plus 1% in stock. P Digtis, Sheep, Knott Corpn (81.60) . 18 B TR | btttk Mo et T T hts, 8.7589.10; and Virginia will continue until Tues- PRICES FOR TURKEY Ry |10 e Sl HOLD STEADY HERE EivS oy fefinite information us to the ply, market steady; calves, 5.00812.00. range m 1o 45 centa. 83a83; cob corn, u'r 4.5084.75, heWhits, No.'3, new, 4% = uard A Gulf Ofl of Pa (1%). Helena Rubenstein. . 4 Horn (AC) Co. . Horn (A C) 18t pf... Hou-Hercv pf A 3%. Hudson Bay M Veeder Root (2%). :ul‘nbh-ofl ‘n.“' . Venesuela Petrol. . (ydro Elee Sec (1).. . w; Hygrade Foofl Prod. algreen Co {mp O1) of Can (60e) Indus Finev pf (7). 126s Inland Uti] A (1.70). P& insull Ut (16103 %) a3y West Auto S A (3).. ll:ucoNA;n.el n" : Wil-Low Cafeterias. surance Secur 70¢. Intercontents Po pf. gt i Y int Petroleum (1) .. Internat Super (f1) ! % f Vacuum (14%) Van Camp Pkg pf. it i il 28 PE ol s ) | i - e i 3 Right now— Corporate Trust Shares provides the best opportunity in years to buy into a group of 28 of our strorgest corporations. i i flg I Price at Market, about §7 per share Descriptive circular on request GRAHAM, PARsONS & Co.