Evening Star Newspaper, November 25, 1930, Page 15

F CURB SHARES GAIN IN AGTIVE MARKET Utilities Group Furnishes Leadership as Trading Volume Picks Up. BY JOHN A. CRONE. Special Dispateh to The Star. NEW YORK, November 25.—A batch of favorable news developments turned an early dull curb session into an active and adyanc.ng market today. The market leader, Electric Bond & Share, rose only fractionally, but gains of a point or more were recorded by American Gas & Electric, Utllities Power & Light B, and other active Des and light issues. Cities Service slightly on increased volume. utilities, especially interna- tional issues, opened strong as & result of firmer markets in London and Paris, but news of the weakness of the Milan Bourse slackened the advance. Itallan utilities were under pressure mmsle of the nvlrnmefltc insistence upon lowered Ta Utilities Powcr & ht B, which operates here” and in Great Britain, .?"" & point in response to the llntlm of an extra dividend. The in Middle West Utility share- holden wovsd be‘::flc{hl to ‘t'hn stock from the stand; of activity. ng In the forenoon. totaling 225,200 compas with shares llondny was featured by nlnl in some of the leading trusts, natural gas shares, radios, motors and aviation issues. - Amusements were reactionary and oils relatively inactive. Goldman Sachs Trading Corporation featured the opening with an initial sale of 4,000 shares at 1113, up from close and 4 points above its low. From its opening deal the stock ran up to 13 in the first two mun before meeting resistance. The Goldnnn ‘Sachs, partly due was in the main successful completion merger here. Fe trading corporation owns approxima 31 pé"r‘ cent of the outstanding nplul t the Manufacturers Trust Co. the parties to the merger agree- ment. This movement, however, had little effect on Blue Ridge or !henlndolh. Selected Industries pnfm nnm“m N.mn.l nnen.l an = ".“aa""m‘" S Hocks harbor a Targe rbor & ahor int m‘nnn have also been developments, such the early afternoon. INVESTORS’” SYNDICATE ASSETS 37 MILLION Special Dispatch to The Star. MINNEAPO] ment made lic today President R. N ’“Am.etl I-Iu:h:{.d $2,283,782 and $20,804,168 mmnun property in 34 United States and Canada. BONDS ON THE CURB MARKET. in Se5t (] S88e s:zsnm:_:&?_mususzm sgeaegasissennsesy i + o ) .!g igt o s:§='§ S I ST S 25 288 24 g- w2 ’.E'E T Hi1d Q & i o ggassE Q2 =B S ooy &4 98828 :rEE' e wa SEEF N SRR o 550 388 5 H L3 eTIvg! gozsesess 3! - SEEO gee: ga 3 5, [l I8z 25T 335 “SFF PEE R o8> 5584 8 ugE 25355 L 7 &6 NEF FEE o ] ZERRE| 3 0, 5 o & 3282332282838 8R283882323: S SESER So £ INANCIAL. Received by Private Wire Direct to The Star Office NEW YORK CURB -MARKE 3% 1% 5 20 100 % 1% 5 20 100 1% Kirby Petroleum. 4 Klein (H) pt p; Kobacker Storles (2. Koppers G&C pf (6). Lackawanna Sec (4). Lakey Foundry..... Legcourt Real t1.85.. Lefeourt Real pf (3). Leh C& N n (140).. Leo) o1l cornuanTun S nnwwmnwnn S am Am Capital (B) ... Am Capital pr pt 6% Am Cigar Co. AmCPI.Llllfl‘). Am Com P A (b10%) AmCom PB (10%). Am Cyanamid (B) Am Equities. . Am For Pow l";L . Dong Isld Lt (88¢).. Util Asso kel Mead Johnson (t4%). Memphis N G (170¢) Mer Ch & 8 (1.60) 2% Mercantile Stores Ilfl I( it VEo A. .. 3 —adacas OPS - PP Mia W Ut oV pf xw 6. Mining Corp of Can. Mo Kan PL (b10%). Mo Kan PL vte..... Moh HP lst ot (T).. Mohawk Mining (4). Mount Prod (1.60)... Nat American Co. 26 Nat Aviation. @ S Fa% Am !upurpowr (40¢) Am Superpwr 15t(6) Am Ut&G (B) (35¢). Anchor P F (b10%). Anglo Chil Nitrate, Agpalachian Gas Bpa T ot O e G&Elctfs(3). Asso G&EIl pur rts. . Asso T&T (A)(17%). Asso Tel Util (b8%) Atlantic Fr & Sug. Atlantic Lobos. Aviation Cor of Am. Aviation Securities. . Axton-F Tob A $.20. Bahia Corp..... Bigelow-Sannford. .. Bliss (B W) Co (1).. Blue Ridge Cp (40¢. Brazil Tr&Lt(h8 % @ S AR S Ao Nehi Corp (1.30). Nelson(Herman) u) Newberry (JJ) New Brad Ol (50c). New Eng Pow of (8) Newport Co (2)..... N Y Hamburg (2%). i 00 0910 MBI B0 B Niag-Hud Pow A Niag-Hud Pow B w.. Niagara 8h, Md(40c) Noranda Mines (2).. % No Am Aviat A war, Nor Central Texas. . Burma Corp (t31c).. Nor & S0 Am Corp A. Butler Bros (30e). Bwana M Kubwa. % Clbllfi Wire B Nll- 1088 da Mareoni. . 14 Colanese Gor of (7)..1008 3% Cent Atlantic Stat Cent Pub Sve AaLT6 Cent 8t Bl (k0e). .. Ccn 8t El ev pf n(a8) ritug Pipe (80c) Ch n Stores Stock. . h Al nv (50e). ough (16%). 4 Onlo B Tel eu pt (1) OhiaCopper. ... Outboard Mot (B) Pn G&E 1st P‘:l") 83 AR N WO R RO B NODNN NN AR S NANA NS AN BB 2% hnmounl Cab l“l. terson Sarg (2) p-mms-a Cp (20¢; Philip Morris Inc. Pilot Rad Tube (A, Pitney B P n (20c) Plymouth Ol (2). Polymet Mfg (b4%). Premier Gold (24¢)., Prince & Whit (25e). Prince & Whit pf (3) Prod Royalty (f1).. rru ;‘ - R Ben 2uE racts Club Aluminum Colombia lnnuu. Col O] & Gas Com Edison (8). Com & Sou war. Consol Auto llre! «S - MANNR R RS o e). . Pub e mu Held war PureOfl pf (8)...... R R Sh Corp (25¢).. Red Bank. . . Consol Laundries(1) Consol Retafl Stores Conlfll;l'mNJ (4). 21 Seifzzen Son Sezgsad Fei°" Roan Antelope Mia. . Rolls-R Ltd ret t50e. Roosevelt Field Inc. Rossia Int Corp..... 8t Anthony Gold. 8t Regis Paper (1).. 8% 8alt Creek Prod (3). C0.covervsnnen Schulte Real Estate. 3% Seaboard Util (50e). See Corp Gen (40¢).. Seg Lock & H (80c). Selected Industries. [P 4 RETES » Curtiss Wright war. Dayton Alr & En, x 2 3 2 ¥ B L] 6 1 52 20 2 16 26 ~$3y Dubllier Cond & Rad Duquesns Gas Cp w! Duval Tex Sul wi Eant G & F Asso. East 8t Pow B (1 6% East Utll Asso ev. Eisler Electric Corp. Elec Bond & 8h (b El Bon: of (8] Bl Bond & Sheu ot 6. Eloe Pow Asso (1).. Bleo Pow Asm0 A (1) Bl Pow & Lt op war. Elec Shareholdg (1). Empire Corporation. Empire Steel Corp. 3. oah Sherwin Will (14%) Sing Mfg Ltd (23¢). Smith (A O) (3).. SoCal EApfC (1%). Southern Corp...... S0 Plpe Line (12)... SouthldRoyalty (§0e) S W Gas Utilities. .. Spanish & Gen rots. . Stand Invest Cum pf. % Standard M . Stand O1l Ind (2%). Stand Oil of KY (12) Stand O11 Ohlo (2%). Stand O Ohto pf (7). 1 Starrett Corp. Starrett Corp Steln (A) C&nt 6%. - - 3 Sullivan Machine(4). Sunray Oll (40¢).... Federated c-plul 8wift & Conew (2).. Federat Metals t1 Fiat rets (1. tll Fiat Stock = Syracuse W Mch(B). ‘Tampa Electrio (33). Technicolor Ine..... ‘Teek Hughes (80¢).. ‘Tenn EI P 1st pf (7). Texon Ojl&Land(t4) Timken Det A pf (7) Tri-Cont Corp (war) ‘Tubise Chatel (B) Tung Sol Lamp (1 Ungerleider ¥ Co: §é2, " Fox Theater C1 (A). 1 G-ml Aviation. ... | Baking. ng pf (3) GonClpluICerp,... 9% Gen E Ltd ret (50e). Gen Empire Cor (1). Gen G&E cv of l " Gen Theat Eq w.1. x! el 1 2% o P34 & 09 10 10 1 1k GO 1 1 10 ST TN RO 32 RO N B0 B0 B N B OIN RO B gi“"u'a"‘g nl"l‘) . en Alden Coal (; Globe Undwritrs ln ~ Utd Lt & Pow pf (6). Utd Profit Sharing. . U 8 Eleo Pow ww. .. U 8 Finishing. . U 8 Finishing p! U S Foll (B) (1) Grt At&Pac nv 15.25.130s Groe Strs Prod v.te.. 34 Quif Ofl of Pa (1%) 350 Hecla Mintag ¢ a s | JUTORUTRATN TS T3 1 Po! Util P&L B otfs (a1) Utllity & Ind... Utll & Ind of (l“)-- Utllity Equities. . Vaecuum (14%). Veeder Root (2% Humble O (2). Hvdro Elec Sec (2). . Hygrade ¥Food Prod. Imp O1) of Can (§00) Imp O11 Can reg (50c) Imp Tob Gt Brit t8! ind Pipe L new (13 nd Ter Lllu Ol (A). (nd Fin ctfs (b10%). (nsull Ut (¥510% %) - - Walker (H) (1) Walker Min (73e Wenden Copper..... ™ oent for the first 10 months FINDS 15 PCT. FALL IN BUYING POWER Moody’s Says Purchasing of Bank Depositors in Past Has Stopped Depressions. Special Dispateh to The Star. NEW YORK, November 25.—The purchasing r of fact labor has 'uflered oss of almost 15 per cent during \‘.he flrl& 10 months of 1930, as to the corresponding period of last year, & computation by Moody's Investors’ Service reveals. al lnperuntluluunml drop in purchasi been offset to the txbent of ogl,y 3.6 ger in the cost of living” Moody's "Thls condition alone does not argue against an early termination of the de- pre-lon, however, for it was m pur power of bank depositors, uthn- f.hln t of wage earners, that turn the tide in nut depressions. power of bank deposits subject to emck outside of New York City has remained consistently above physical production during the past six months, while new productive capital flotations have risen the normal trend since the end of 1039, sfter run- nla‘ below the normal for about two 'nuu factors of themselves justify more confident expectations for 1931, 88% | although no early boag’:wm pro- portions should be anf GRAIN MARKET CHICAGO, November 25 (Specis)).— The whest market was lower today under selling \nfluenced by disappoint- mem. ovn' action of the Liverpool mar- '"m- was uncovered on lho setback. ber old opened 'II to 716; new, 16% to 76%: March, %: May, old, 81 to 00%. After the first half o]d 70‘6 new, T6%; 78%; May, old, m old Topened 18% to 16 new -n 'll"/. to 18% cember. old, 75%; new, 78; muh old, 'I'I new, 78%; May, old, 80%; new, o-u were lower. December old 6pened 345 to 34'%; March, old, 36%; to 36%; M‘y‘ old, sux to 377%; new, 36 to 3T%. the t half hour: December, ola u‘/. Mm:h, old, 36%; May, old, 377%: new, 37%. Provisions were easier. NEW YORK COTTON le ‘YORK, November 25 (Special). W‘fllfll distant positions. uyers again in the market, reflecting the bet- ter sentiment in dry goods quarters. Hedge selling was moderate. t;rxgg( prices were: Deeembel‘ old, ged: May, 1140, up : iy, 1.8, up 37 October, 1174, up 1 riliiin b COAL PRODUCTION. By the Associated Press. Production of bituminous eod in- creaséd 10,000 tons during ended November 15 as eumpned with previous week. Total output for comparable periods is_given as lollo'u Vllwd States Bumn of Mines: ok _ended 718,000 net tons reviote Beok T week last 10.740,000 net tone UP TO On Our Liberal 20-Monthly-Repayment Plan No Endorsers Required A Strietly Dignified and Confidential Service Maryland Personal Bankers 8405 Ga. A Silver lm Md. Public Small Loan Co. Bethesda Personal Bankers 6982 Wisconsin Ave. Bethesds, Md. Phone Wisconsin 4374 Under Supervision State Banking Dest. week, THE EVENING STAR, WASHINGTON, D. C. TUESDAY NOVEMBER 25. 1930. PINANCIAL. STOCK AND BOND AVERAGES By the Assecinted Provs. TELEPHONE COMPANY PLANS EXTENSIONS Total of $3,367,810 Has Been Ap- propriated for D. C. Work This Year. ‘The Board of Directors of the Chesa- peake & Potomac Telephone Co. at its monthly meeting here today authorized underground csble extensions ir the west oentral office district and addi- tional switchboard equipment in the Georgia central office and miscellane- oms extensions in other sections of the i ‘The facilities authorized together - ‘Zh construction already in p .u hflnl the tov.ll amount aj ro- ted for extensions in the far this ytlr Io ‘i 367,810, afll:hll of nu company s BETHESDA EXTENSION. November 35 nu ch- ke & Potomac Telephone ore City. The central office how urv- more than 3,840 telephones, about l:g“hlfln‘ been added to the system This 1" Imcluded 1n an appr Pwhich brings the total amiownt The Home of Big Business and Promi- nent Professionals. HERE is an atmos- phere of distinction noticeable the moment you enter the lobby of this most modern office building in the National Capi Busy with busi- ness—to which its facili- ties and service lend the fullest co-operation. Planned intelligently; equipped practically, fin- ished eflp ectively, with space adaptable to any special requirements. * For inspection and reservations apply to rental office, Room 520. MSKEEVER £ GOSS e Representative of the Owners SwORENAM INVESTMENT COMPANY Rental Office Room 520 15th at H National 5643 First Mortgage Loans On improved Real Estate in the Distriet of Columbia and mearby Maryland and Vieginia for 3, § or 10 year ferms om your Apartment S%% Office Building Business Property MORTGAGE LOAN CORRESFPONDENT PRODUCTION FOUND AT NEW LOW LEVEL Both Duration and Extent Now|Pu Lie Behind, Asserts Statis- tioal Review. Special Dispateh to The Star. - NEW YORK, November 35.—As pre- liminary computed, the Standard Sta- tistics Co. index of industrial produc- tion for October stands at 93.7. This represents a decline of 4.5 per cent from September, of 38 per cent from October, 1929, and is the lowest level established since June, 1924, ‘There is scant tha - maining weeks of 1936 will abow ¢ ro- 'll-l in trend of ind which has been T NEW YORK BANK STOCKS November 25 - ow-m—mm% market. i & T Sorm Bxehang Pustanty . Aliis-Coatmers, Amer. 35 2838’ : Money to Loan first deod of on First Deed of Trust 6% Interest mfi;fi-fi:n‘ JAMES F. SHEA 643 Louisiana Ave. N. Mackubin, Goodrich & Co. BANKERS Members New York and Beltimore Stock Exchenges Associate Member New York Curb Exchange '1808 M STREET WASHINGTON, D. €. REDWOOD 4 SOUTH 8T8, BALTIMORE, MD. G.M..P. MURPHY & CO. New York ‘\WASHINGTON Philadelphia e e Tind MEMBERS New York Stock Exchange Washington Stock Exchange Richmond Stock Exchange New York Produce Exchange New York Curb Exchange Copy of our “Fortnishtly Review” on Request 1510 H Street Connecticut at K National 9600 FINANCING AT LOW CGOST First Mortgage Funds (Throe Years or Longer) Loans on residence and busi- properties inthe Distrioct ness of Columbia and mearby Maryland suburbs . . . Ample funds, lower interest, prompt ap- pnnlc, valuable prepayment privileges. Three-year loans on mewer properties without ortization ..%% H. L. Rust Gompany RSTABLISHED 1880 3001 Fitiecnth Street National S108 Insull Utl 2d pt(6). . msCo N Am (73) Insurance Sec int Petroleum (uternat Produe Internat Utdl (B). West V Coal & Coke. Wil-Low Cafeterias. "Y" ol lflu v |GL~C~. Jan u “-‘%"'n; character and 'll.hmn much reference to trade fluctuations. New Yerk Life Insurance Company 1321 Connecticut Ave. Decatur 3600 2822 L EI'I gf,e & 13 $34 _. 20! Fg (1P N & sgds AIAAS 00aoun B eh00 0 SOA ORS 00 010000 HAS O 0 04 NSNS 5 e 5 S0t 5 R St g! O 13 = OFFICE SUITE FOR RENT Suite of two.large rooms, approximately 16x19 feet each, containing over 600 square feet. Southern exposure with four windows. Near elevator.. Two double door entrances. Building owners will rearrange to suit tenant. Can be developed into three offices or two offices and recep- tion room. Attractive building carrying service beyond the average. On Fifteenth Street near H, TERRY B. SIMMS 729 15th St. N.W. National 1120 8,525 Fogr $5e ;as:i::_:ggussa::su Zeal 2303 By the Associated Press. NEW YORK, November 25.—Because o th the approaching holiday, brokerage commental um expect little im- mmu activity in the stock market. a8 g* oF R 8! lfibcol:k Ruston & Co.—The market continues 'to display an abllity to re- sist selling, indicating that better prices may be expected. Smith, Graham & Roekw.ll—'lfll tnhmlwnnuvby-my.n v.unlnu u’xwuhly more or less g moves San be foliowed whilg m.,’“"‘;::t A big lm at this time appears rather un- 2 - ¥ : N £ § 2 ?S 5’ £ fo 233 =5 shown advance will by Comments udc | Russell, llfllm&uco-ln:mmi this advance will 3uundenul lnhtnlunolm ry which has alresdy taken place. Otis & Co.—The market continues to on moderate set- pressure drying up Tobey & Kirk.—We believe that ml ‘majorif 4 | stock mukc;fl hA&‘b‘u& thoroughl: < . ol v 3flm¢":‘ trading ve recently, eurre > ,§§‘E i - DRI T SR v : i 1 H s 4 P i 2 i F : i g