Evening Star Newspaper, November 28, 1930, Page 15

FINANCIAL. "CURB SHARES DROP|[NEW YORK CURB MARKET .S SALES QUICKEN Utilities Lead Downswing and Other Issues Yield to Pressure. BY JOHN A. CRONE. Bpecial Dispatch to The Star. NEW YORK, November 28.—Steadily slipping, “today's curb market crept along until midday, when its pace quickened as offerings increased. Electric Bond & Share about 2 points and American Foreign Pow:r was off more than a point. Cities Service was about 13 points lower at intervals but only moderately active. Goldman Sachs fell more than ¢ point on a relatively small turnover. The portrait of conditions of the rail- road industry as sketched by executives, along with their proposal to force the oll trade to divest itself of $400,000,000 worth of pipe lines, hit rails, railroad holding and investment companies, crude ofl pipe line companies, crude purchasing companies owning pipe lines and oil concerns planning thes con- struction of huge gasoline &inpe lines. Pennroad Corporation, most ac- tive rail issue on the curb, lcst 4 in its first few sales. The pipe lines then turned active. Buckeye Pipe hit a new low before showing any resistance. New York Transit opened off a point and National Transit was fractionally lower. Humble Ofl, which as a purchasing company utilizes pipe lines, declined to & new low for the year. Gulf Oil Cor- tion, which is constructing gaso- e pipe lines, dropped to a new low. Indiana Pipe Line equalled its pre- vious minimum. Columbia Oil and Gas also reacted. Railroad Shares Corporation opened up a small fraction, only to turn heavy later. Southwest Pennsylvania Pipe Lines proved an excea:ilon to t{:e' trend by_opening up more than a point. ‘The elgglplpufl\'e firmness of motor shares was due to statistical conditions of the trade. Production in the first 10 “months of this year approximated 2, 592,022 cars, while domestic retail and sales were 2,650,090. securities were in demand. See- man Bros. was up 1%. Swift & Co. rose a shade, de Food Products was a trifle er, as was Grocery Store Products, Inc. Diamond Match new common rose 1% points in the forenoon session when traders heard some effort would be made here and in Chicago to have the com- pany, in view of the fact that nearly 94 per cent of the shareholders have de- posited stock in favor of the reincorpo~ ration and recapitalization plan, declare its proposals effective. ‘The company has been insisting that 97 per cent of the stockholders favor the plan before it goes into effect. Mighty Draught of Beer. o._ oo & SN SR " Bovomscar 90! ol =3 2gzEeSnsEsnnnaiies o SIFESESE FESTEES 200 B R esisrars s ¥ ssssizizasssanatindaasesitie K - Mg e RE| S Sow: - FIEFIEE FF e 38222338828 88R2288 FEETSIET s ... 2iessgszguisessszatsiss - T e o8RRI PBIIISRR 212! R 3939 G EE 50 1900140 EOLIAIN U s p s ALY a1 S ORI T & Rub 68 '33..,... h BAL 428 ‘4. 94 Sweringen 6s '35 80% Tex Ut 55 A '5T 91% FOREIGN BONDS. -:-; e daaa B 23338338388383! & F W FSE Note—All stocks are sold in one excepting those designated by which shows those ks to ~Prev. 1930.~ Stock and Dividend Rate. % Aeronautic Ind Afliated Prod ar. Aluminum Co of Am, Alu Co of Am pf (§).. Aluminum Co Ltd. Alum Ltd cum pf 6) . % Amer Austin Car. Am Capital A(t1%). Am Capital (B) Am Cigar Co. Am C P&L (A) (a3). Am C P&L B (10%).. Am Com P A (b10%) Am Cyanamlid (B), Am Dept Stor Am Equitiea, Am For Pow (war).. Am Foundrs (b4-70). Am Gas & El (31) Am Invest (war) Am Lt & Trao (2% Am Maricabo. . Am Superpowr (40¢), 1 Am Superpwr 18t(§) Am Ut&G (B) (35¢). 0 IS 28% 37 6 22 6% 6% 157 T% 894 4% 3914 10214 Arkanras Nat G Ark Nat Gas (A) Art Metal Works Asso Dyeing & Prig.. Asso El Ind Ltd 30¢ Asso Gas & Elec, Asso G&E A (a12.40) Ass0 GAE (A) a‘b’ru, Aviation Cor of Am Bahia Corp. . Bahia Corp pf..... Bickford's Ing (1). Bliss (E W) Co (1) Blue Ridge Cp (40c). Blug R'dge cv pfald.. Buckeye P L (¢ Buft N&EP pf (1.60), Bulova cv pf (33%)... Bunker HIll &8 16% . Burco InG..... . Cable & Wire A rets,, Cable & Wire B rcts.; Canada Marconi. Carib Syndicat Celan ct 1st pf (7%)225s Cent & SW Utb6%.. 1 Cent & SW Utprin? 50s Cent HG&En §0e.. Cent Pub Svc A aL76 Cent St EI pf (6) xW. Cen St El cv pf n(aé) 2 9% 2% 90 31% 108 36% 42% Serv of (! Tractor (1.60).. Colon Of1. Columbia Pie (f1%). Com & Sou war. Cons Gas Balt (3.60). Cons Gas Util A 2.20. Cons Gas Util B vtc Consol Laundries(1) Consol Retafl Stol Contl Share cv pf (I)XBO; Crown Cent Pt new. 1 Cumberland P L t18. B0s Cuneo Press (24). Curtiss Wright war. Dayton Alr & Eng. Deere & Co (£1.20). s Diamond Match new, Doshler Die Casting. Douglas Areraft (1) DressSR (A) (3%, Dubllier Cond & Rad. Duke Power (§15). Duquesne Gas Cp wi. Durant Motors. Duval Tex Sul wi. . BastG&F Asso...q Bast St Pow B (1).40 East Util Asso (2)... East Util Assocv.... Eisler Electrie Corp. Elec Bond & Sh (b$). Bond & Sh cu pf §, a S erwdvennBanann ne - PRI | FEBGIRIRIGNG: 1o SO Elec Pow Ass0 A (1) El1Pow & Lt op war., Elec Skareholdg (1).. El Sharehold pf (a6). Empire Corporation. Emp G&F cu pf (7).. Emp P Ser A (21.80) Employ Reins (1%4).. Evans Wallow Lead. Fabrics Finishing. Ford Mot,CanAt$2.10. Ford Mot France 28a. Ford Mot Ltd 37%e. Foremost Fabries. .. Foundation For Shs.. Fox Theater Cl (A) General Aviation. = I f (3). E Ltd ret (50¢ Empt or (1 Gen G&Ecvpf B =" S - Goldman Saeh T C Gold Seal Elec new. Graymur Corp.... Groc Strs Prod v.te., Guard Fire Asso (2). Gulf Ofl of Pa (1%) e Hazeltine Corp (2). « Hollinger Gold (80c). Hudson Bay M & Humble Ofl (12%).., Hydro Elec Sec (3) Hygrade Food Prod. I P&Lempt (6 1mp O1l of Can (¢ Imp Ofl.Can reg (50c) Ind Pipe L new(13).. Ind Ter Illu Of1 (A Ind Fin ctfs (b10% Indus Fin cv pf (1) 1nsull Ut (1b10% %). Washington Produce Butter—One-pound prints, 39%840%; tub, 37%a38%. Her’:'ner!. 42a48; current re- “Boultey. alive—Turk 23226 ultry, alive—Turkeys, young, 23a25; small and thin, 16al7; old toms, 20; 8) chickens, large, 20a23; medium, a21; small, 22a23; fowls, large, 20a21; medium, llll.:ullllmfl“. fowls, 13a14; N [1- PHVITIOL- ORI - THPE - STRYTS: 1 P OO P T T T PRS- TN o hundred. the letter be sold in Bates— Add 00, Open. % T4 11% HE EVENING -share lots - 31930, 5 (80s) (3505) [Migh, Low. odd lots only. h- ‘High. Low. Close. ol % T Th 1% 1% 11% 2% 5% 162% 108% 6% 96 2 124 5 65% 3% 8% 15 10% % Th 21% 5% 89% 2% Int Util Jonas & Letcour Mangel Mo Kan Mo Kan Nat Ni NYTel ) N Y Transit (11.80).. Niag-Hud Pow (40c) -Hud Pow A w.. Niag-Hud Pow B w.. Nipissing (30¢)..00 Noranda Mines (2).. Nordon No Am Aviat A war.. Nor Europ Oll Corp.. Nor 8t Pow A (8)..., Novadel Agene t3%.. Ohlo B Tel cu pf (7). 60s Ohio Copper. ..... Ollstocks Ltd A 50c. . Outboard Mot (B)... as Secur (1).. Pao G&E 1st pf (1%) Ovet Reeves Swift& Syfacus: ‘Technic UaNG Dividend payment. *Ex divid JPlus 3% in stock. l 41 | nPlus 8% in stock. Stock and Dividend Rate. Inaull Utl 24 pf(6). . 8% Ins Co N TInsurance See (70¢).. Intercontinent Pet n. int Petroleum (1). .. Int Utilities A (3%). Internat Utll (B).... InterstateEquities. . Interst Eqov of (3).. Interst Hose Mills. .3 Irving Alr Chute (1), Lake Superior Corp.. Kolster-Br (Am Sh). Ley (FT) &Co (3).. % LeonardOil.. " % Loew's Inc war)..... Lone Star Gasn (1)., Long Isld Lt (56¢)..: 14 Magdalena Synd..,.: Marconi I Mar (38¢). Marion Steam Shov.. Mass Util Asso Met & Min Inc (1.20), Met Chain Stores M{d West Ut (b8%) .. Mid St Prod n (2).... Miller & Sons (2).... Mount Prod (1.60)... Nat El1 Pow A (1.80). FamS (b10%).. Nat Food Prod (B).. Nat Fuel Gas (1).... Nat Investor: Nat Mfgs & Stor . Nat Rubber Mach (1) Nat Sh T Sec A $60c, Nat Sugar NJ (3)... Transit (1), tle Le Mur...... New Brad Of1 (50c).. New Jersey Zinc(13) Newmont Min (£4) Newport Co (2). Pennroad Cp (20¢) Penn Mex Fuel (2) Peop L& P A a2.40 Pierce Governor..... Pitney B P n (20¢). ., Polymet Mfg (bi%). Prince & Whit (26c). Prod Royalty (f1)... Prudential Invest. .. % Pub Ut Hold (50c).. Public Util Hold war Pure Ol pf (6) Radio Products (2),, R R 8h Corp (25¢).. Relter-Foster. . Reliance Manag..... Rich Ofl Cal pf (1%) Rock Lt & P (90¢) Rossia Int Corp. Ryerson (J) (2). Sunray O} (40¢) Swift Intl (13%) Taggart Corp (1) ‘ampa Electrio ( Texon Oil&Land ‘Tung 8ol Lamp (1) f 8 Payable in cash or stock. STAR, WASHINGTON Sales— Add 00. Open. High. Low. 8% 8% 51w ™ Am (13). a 14% r war (new). ., Naumburg. « t Real 11.85.. Btpt (63%).. PL(b10%). PLVC...0n 5% 15% 29% 13% 2% 1% 51 55% pr(6%) £ E 16 16 6 114% 114% 4 14 14 - » N S o IO R T e 1 O NS B O B8 1 09005 i RS R N A N TIE I O A N RS e 11% 10% 2% 2% 6% 6% % 1% 17% 16% % & 1% 114 130 - Corp Ltd. 1% W 1% 130 50 - 8 o (Dan'l) (1%) @3 forey 3 1 1 2 2 5 4 1 3 1 2 3 2 2 4 2 6 . i L T 3 3 1 2 9 2 s 0 3 2 5 2 HE 8. 8 2 8 9 5 1 1 3 3 Y Co new (. e W Mch(B olor Inc. of Can 11.60.; PNNRA HENBABND MRS - (T wa A= RIGHTS. Explre. % Peop GL&C...Jan 16 rates in doll based on I 1Partly extra. b Payable in stock. « Plus 6% in atock. h kPlus 10% in stock. m Pl ived by Private Wire Direct to The Star Office Close. T8« T8% 1 51 20% 24 514 4% 33% 83% 95% 1 365 | . ‘CHICAGO, November 28 (Special).— 2% | Wheat opened “easter under scattered % 183% 11 more bearish. De- 247 | cember, old, opened at 75 to 74%; new, 85 | 75%; March, old, 78 to T71%; new. 10% | 8% May, old; 19% to 80; new, 8014 hour De~ 29 31% | 19%:; new, 803%. 12 §% | 78%; March, old, 71%: new, 8% May, % 17% % 88% 26% 99 43 % ;. . 10% January, new, 10.69, off 1; 20% 7 184 % 64% 22+ inu in stock. Adjustment divi- Plus 1% in stock, mPlus 3% in stock D.. PACKERS INSSTING ON SALES UTLETS Decreasing Consumption of Meat Given as Cause for Retail Trade Plea. b, PADAY, BY WALTER BROWN. Written for the Associated Press. CHICAGO, November 28.—A convine- ing season for the packers’ desire for & modification of the Government’s 1920 dissolution decree to permit their re« in the declining per’capita consumption of yr‘nt. . % TP 1929 the per capita use in the United States’dropped 24 per cent'be- low the average for 10 years. Also, in 30 years exportation of meats fell from more than 10: per cent of the total American production to ‘about 1% per cent last year. While the consumption of pork steadily has mounted use of beef and lamb has slumped to a greater extent, Second Effort of Packers. ‘The second effort of the packers, in- stituted by Swift and Armour in the District of Columbia Supreme Court, reached the argument stage on Decem- 7% | ber 1. The packers would return to 14 | the retailing of meats and groceries and 5% | the ownership of stockyards. The “Blg Five,” Wilson, Morris and Cudahy, in addition to Armour and Swift, con- ;evl’zlnled to withdraw from those fields in “ In 1924 the packers sought to have 6% ’év. the decree modified, but four years later 5% | the Supreme Court could find no, rea- son for lessening its effect. ° A further sharp falling off in meat consumption is forecast for this year. One of the largest packing concerns has not greatly reduced its working force, although its sales have fallen 10 to 15 per cent. Another has cut its force and stilll handles but 70 head of cattle an hour, instead of the normal 100. Hog packing is off 20 per cent in this insti- tution. S ‘The packing industry in Chicago nor- mally employs between 70,000 and 75, 000 persons. Armour and Swift, the largest concerns, use about 25,000 of " these. Annually approximately 6,500,000 h and 1,700,000 beeves go through Cl plants, Different Alignment. This year finds a somewhat-different alignment irt the petition litigation, the American National Live Stock Associ~ ation and the National Wool Growers’ % | Association joining with the packers in the plea for modification. Both feel a flexing of the law will aid their business. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md, November 28.— Potatoes, white, 100 pounds, 1.25a1.7! barrel, 2.00a3.00; sweet potatoes, 1.25a2,75; yams, barrel, 2.25a2.75; bushel, .1.00a1.75; beets, 100, 3.0084.00; broccoli, bushel, 60a80; cabbage, ton, 12.00a18.00; carrots, 100, 2.00a4.00; cauli- flower, crate, 1.25a2.00; celery, crate, 1.25a2.25; eggplant, erate, 1.25a2.25; let~ tuce, crate, 50a1.00; kale, bushel, 40a60; onions, per 100 pounds, 1.00a1.15; pep- pers, crate, 1.5022.50; turnips, ‘bushel, 40a75; apples, bushel, 60al1.75; cranber- “|rles, box, 2.50a3.00; grapefruit, box, 2.50a3.50: oranges, hox, 2.00a3.75; pears, bushel, bOOIZAEG. Wheat and Grain. ‘Wheat—No. 2 red Winter, export, 80; No. 2 red Winter, garlicky, spot, 80; November, 80; December, 80%. Corn—No. -2 domestic, s'ehow, old, 89a90; cob corn, new, 4.40a4.50, o al e, No. 2, new, 4414245; No. 3, 4315844, “ * Hay—+Recelpits, 41 tons. Genersl 3 | market strengthening. - Drought has serfously curtailed nearby crops, chang- ing the entire situation. Sections here~ 6 | tofore shipping are now asking for .of- 347 | fers of hay. Good clover mixed and 714 | imothy new hay will bring from 24.00 to 28.00 per ton. 4 Wheat straw, No. 1, per ton, 9.00a 8% :s.gg; oat straw, No. 1, per ton, 9.00a 5 .00. GRAIN. MARKET selling influenced ‘by thé weakness in foreign markets over the holiday, gentine news was h. 1% | to 80%. lAdrw;-agae first n-’lgfi 3% | cember, old, ; new,” 753; March, old, 77% to 78; new, 78Y; May, old, o Cobrnt dlpl]l:;et‘l’ ‘ivigz wheat at the e ng but rallied later on buyin bulls. December, old, openm"lz{ new, % 21| 0ld, 793 to 79%: new, 79% to 7914, 21 | After the first half hour December, old 5% | and new, 75%.; March, old, 77%; new, 7 | 18%; May, old, 79%; new, 79%. Oats were easler. December, old, Ofened 34% to 34%; new, 345%: March, old, 38%; May, old, 38 to 373%; new, to 373 After the first half hour d and new, 34%; March, Y4;' May, old and new, 37%. Provisions were easier, o NEW YORK -COTTON' NEW YORK, November 328 (Spe- 4 cta.l)A—-Opemn’D cotton prices y 6% | were 1 point lower to 1’ point higher. 7% | Trading was dull in all positions, with 5 | continued technical liquidation offset- 1% ting a #mall volume of trade buying. Opehing prices were: December, 7.1 10.6€ up 1; January, old, 10.68, off March, 1097, off 13 May, 1122, un July, 1140, unchanged; Getober, 1154, unchanged. oS a5 : 9 3% INVESTMENT TRUSTS' 6 Over-the-counter market: Amer Composite Tr Shart Am Utl'& Gen pt. e Gerpgrate Trust Sh grum & Pogter Ins B, 4 iversified Trustee Shares Diversified Trustee Shares Diversified Trustee Shares ‘Amer Corp 3.00a3.25;: sweet potatoes, per barrel, 2.50a3.00; Idaho bake: s < sacks, 3.00; string beans, 2.50; broecoll, 5.00; carrots, per 100 bunches, 4.00a :,wm.lpor; 100 lmnclzu:o 4.0085. urn! a1.00; peppers, 2.50; 3 1.80; mushrooms, 1.00a1.25; mwu 76; spinach, 75a1.00; white, 1.50; B, sl ko Lok ok -q1 ners, 4.50; 32- o4 tainers, fancy, 5.00. e Y U. 8. COPPER IMPORTS. NEW YORK, November 28 (#)— Imports of copper in unmanufactured form by the United States increased to 30,459 metric tons in October, compared 38 | with 23,713 in September and 26,439 Aum! the American .Bureau of fined copper from the Unised. Sues | borar ch WESTERN MARYLAND NET INCOME SHOWS DROP | 3 Bpecial Dispatch to The Star. October, 1929, or of 54 per cent. For the 10 months tb net income amounted to com] per_cent. Gross revenue during October $1,625,618, BALTIMORE, November 28.—Net in- 50a | come of the Western Maryland Rallway for the month of October amounted to $204,985, officials reported yesterday. ‘This is & decrease of $2,700 from the September net and of $244,228 from ber 31 $1,727,797, ipared with $2,449,945 for the The Story of the Flag. Pty g i i o ee perpen o black, red and white—with the cres- eent .in_the center.- bolize three the country. cor- nd! 10 months last year, a de- rmm c‘?‘"l”.ul, or approximately 29 |'stands for the revolution which broke | be the chains of bondage and the white totaled | for the period of peace and prosperity. t $1,825,010 for Octo- rating expenses for Oc- | promises that the nation will be were cut to ‘Phe crescent recognizes Allah u&d 3 tector ‘6f Islam forever. The old of the studen! tate ‘Teachers’ Col- Durant, Okla., work their way h school. W, @. Stockton,. 73, NOvVEMBER 28, entry into the retail field may be read | the NEW YORK, November 28 (#).— |Sarre. red a for them. e Tower. ian 1930. FINANCIAL, WALL STREET FINDS LITTLE . TO BE THAN Special Dispatch to. The Star, NEW YORK, November 28.—As far as the stock market goes, the financial community has found little to be thankful for this year. It is better than a year ago, to be sure, but it is still a case of hope deferred. The rally of a week or 10 days ago came to an abrupt end late on Tuesday and Wednesday's market had a uniformly downward trend. Looking toward the future, there is as yet nothing tangible in business de- velopments on which to found a broad upward movement. Car loadings re- main disappointing, making an unf vorable comparison with a year ago and showing more than the seasonal decrease. A few rafiroads have been able to cut expenses in keeping with e falling off in gross, but they are exceptions. Most of the earnings statements are dismal affairs, Bond Market. ‘The bond market is. abnormally de- ymedA On Wednesday, the day be- fore the holiday, the averages for a selected list of 50 bonds made a new low for the year. If revival in bonds must precede an upturn in stocks, a bull market in the latter is not yet in_sight. Plans for greater stability in steel and iron prices have received wide ad- vertisement, but they have not yet been worked out, and meanwhile the experiment in copper has not proved the success that was anticipated. The best that can be said about commodity prices elsewhere is that, for the mo- ment at least, the decline has been checked. ‘Wall street is still concerned about the situation in Europe and in Sou America. Current quotations for the KFUL FOR IN 1930 bonds of Germany, to say nothing of the embarrassed debtors in South American mrzpublla. speak eloquenly on this MawrPcn-r production is to be speeded up, but no one is sure that the con- sumer will respond. High are held out for holiday distributive trade—and yet that is a matter about which it is impossible to speak confi- dently now. Little Forced Selling. ‘What, then, can be said in the way of encouragement? In the first place, stocks are certainly in stroi hands than they have been at any time before this year. There is no sign of forced liquidation such as has. often in the g::t 12 months overwhelmed the mar- . ‘The principal source of supply now comes from professional o{;nwn for the decline and from the in-and- out traders who have made cautious at- tempts to scalp & profit on the side of advance. The latter close out their commitments as soon as a rally shows signs of exhausting itself. No market can be fi;mlnently depressed by selling of this kind. \ Meanwhile stocks are becoming more attractive to patient investors who can pay cash for them and take them out of the market. Buying of this kind is steadlly reducing the floating supply and in the end will make itself felt. Finally, we know by all precedent that the major part of the downward move- ment is behind us and that sooner or later, probably soomer, the turn must come, So it can be said that if the Street is not overflowing with thankfulness, it is at least as cheerful as could be expected under the circumstances. (Copyrisht. 1830.) AMERICAN CAPITAL IS AIDING MANY EUROPEAN ENTERPRIS i By the Assoclated Press. A study just completed by the Com- merce Department reveals that Ameri- can capital has gone into manufactur- ing enterprises in Europe to greater ex- tentmnun in any other part of the world. A general belief exists that American manufactu: interests are more ex- tensive in Canada than elsewhere sbroad. This is correct as to number, but not as to value, no doubt because of the ease with which small plants may be operated there compared to more distant Europe. Geographical proximity makes it possible for small concerns to bénefit from the advantages of serving Canada through Canadian plants. ‘The department says the Eur movement is not entirely the result the unusual post-war eircumstance: since ‘the extension of American manu- facturing enterprise had as early a start and by 1914 was as fully developed vani will further enhanced by walving of the preferential tariff rates on automobiles additional u factures in England those who are bidding for the Ausf motor trade. These investments in Europe are lo- calized to a greater extent than is usu- im with more than 40 _xm cent of total in Great Britain. has undoubtedly been the result of the wide scope of the British market, prox- imity to continental Europe, the y available materials, adequate distribu- tion facilities, and the abundant luppz f | of labor trained for over & cent factory work. Germany and France follow in the value of American investments in man- ufacturing. |UGGESTS GIVING SARRE 10 LEAGUE French - German Contention Would Be Lessened, Peace Group St]-engthened. Special Dispateh to The Star. PARIS, November 25.—A new idea has been flung before European states- men. Should it materialize some day— and. this is not altogether impossible— hay |#¢ Would mean the achievement of two important aims—eliminating the imary bone of contention between Germany and France and increasing tenfold the power of the League of Na- tions. The ides, suggested quite re- cently by & prominent French political writer, Count de Fels, consists in giving over anently the Sarre Province to the e. .In the Sarre the League ‘would have its administration, its army, 1its aviation, its permanent seat. There it could build its pala ceof nations, which heretofore was planned for Ge- neva, but the construction of which has not yet been started. Neutral Buffer Formed. It would form a neutral buffer state between Germany and France. Its fron- tiers would open on both sides, making the territory a free market. The re- turns of the territory are exceedingly rich in coal and pig iron, with a highly developed industry, which would go to nd a constant danger of war, would become the instrument of peace. This scheme, hu]nched but few almost . League until 1935, when the plebiscite will decide whether its people want to e German or French or remain under the League., Depression Alters Things. Until a year ago no one doubted the ebiscite outcome. Even the French W it would be in favor of Germany. But - the world’s _economic ession cha; gs. Whereas the Barre is red on one side by Germany, where ind and trade at it are very low and finance bad, it on the other France, with no unemployment, tons of gold, and a fairly prosperous economi- cal situation. Since the war French business has deeply penetrated into the . Prance is now the Sarre’s best client, who consumes 50 per cent of its The closing of France's frontier to the Sarre would have deadly conse- uences for this small mining province. &mnt the endless negotiations between and French delegates, which were carried on without result in Paris all throughout this year, France asked Germany to leave her share in the Sarre mines and keep the frontier open to ex- change of . Germany refused. It was in her interest to outplace France Germany would satisfy them. Fels Solution Is Attractive. ‘The Fels solution would natu: be Yoting for the Lesgue they woud be or the e they we deprived - of any definite nationality, they the safest citizenship in the world. Military service would be ‘Taxes would lower before, prosperity cer- tainly greater, since they would enjoy a free-door regime. ‘The arrangement would highly please France, who does not hq to. have the Sarre population her, chief obstacle would naturally come !mu:'glnnu’u, whw-hnom wan! 1m orever the immensely rich territory owned before the war and hmwwmmmmm (Copyright, 1930.) A census of N R t | ship CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS | NEW YORK, November 28.—The fol- lowing is a summary of important cor- ard Siatisics Qo Tnes New York for arn .y » 01 the Associated Press: S News Trend. Statistics of the building and power industries covering the third week of November show an improvement in trend over immediately pregeding pe- riods. Building contracts awarded dur- ing the period increased substantially over the two previous weeks and brought the average for the month to $12,050,~ 200 per business day, compared with $12,973,100 in October and $15,640,500 in November, 1929, For the year to date new construction contracts total $4,- 226,878,600, & decline of 20 per cent from year ago. Electricity production for the week increased 0.2 per cent over the week before and was 6 per cent in like 1929 period. In the secfnd week of this month, industal regl and on the Pacific but the Atlantic lbgc 1929 bulk of without exception, show marked de- clines from a year ago. Railroad oper- ating income of the first 41 carriers to report for October declined 24.5 cent from 1929 month, contrasted with aver- age decrease of 30 per cent for all roads in earlier periods of the year. Dividend reductions were announced by Fair- banks-Morse and Standard Brands. The Companies. Alabama Great Southern Railroad October net opera income off 56 per cent; 10 months, off 55 per cent. , Topeka & Santa Fe Rall- e| Atchison, way president, Storey, terms six-hour day impracticable. Atlantic, Gulf'& West Indies Steam- third-quarter ~deficit $301,654, against profit $608,640 in 1939; nine l.nagxg,c;l: profit, $972,324, against $2,- $5,000,000 on_unds ., Buffalo & Susqu Railroad Oc- tober net operat income up 11 per cent; 10 months, up 31 per cent. Chicago-Great Western tober net operating income up alightly; 10 months, up 4.1 per cent. Chicago, lwaukee, St. Paul & Pa- cific Railroad October net operating in- come off 58.8 per cent; 10 months, off 38 per cent; inquiring’ for 57 locomo- tives to cost about $5,000,000. Chicago Northwestern Raflway Oc- per cent; 10 months, off 36.8 per cent. Falrbanks, Morse annual “common dividend rate $1.60;, previously $3. Ford Motor of 'Canada, Ltd., months’ output . 66, 81,498 like 1929 md. Midland Steel lucts common share earns, first 10 months, $1.76. off 26 cent. v n?o olke &uaern Rallroad October et operat come up 16 3 10 months off 43.5 per cent, © o Pere Marquette Railway share earn- ings, 10 months to October 31, $3.34, against $15.35. earnings, 10 $3.51, Perfect Circle share months o October 31, 8t. Louls Southern Railway deficit, 10 gM}, u-:lnn months to October 31, $115,; profit $1,172,813. Shell Union Oil gasol in Toledo; price, 12 cents foutheran‘ mflm way net operat come Standard Brands annual commg dividend rate $1.30; previously $1.50; record Ocf business. tober . war i Toleaos price, 12 oents Suiom, | Bnglend the eConbey ex tax. land sea. ‘Téxas Pacific Rail common share e.mi.nu. 10 ;nlmu :)‘Leh;:'nll, $5.26, against $11.46, Unlverllg m!lm ‘k“ ‘Rll.,dh'd‘ ‘hn!:t‘ nef come -t 3, o ] " 3 mmh. 10 mu;“hlhmfi.g cent; 10, m 40 per R et SRS P, = s tober net operating income og 225 of against [ some Mediterranean *Re - A_IS ELECTRIGAL FIRMS IN SALES CAMPAIGN Companies Unite in Move- ment to Market Million lce-Making Machines. Special Dispatch to The Star. NEW YORK, November 28.—The sale of 1,000,000 electric refrigerators during the year 1031, to be followed by even greater sales in 1932 and 1933, is the ob- Ject of a plan of co-operation between: light and power companies, manufac- turers and local distributers, sponsored by the National Electric it Assocla- tion and which will involve the expen=- diture of millions of dollars in national and local advertising during the next. tnrAe: years. t cording a statement issued J. E. Davidson, president of the nfi braska Power Co., and chairman of the ge‘ c“?'fi lleetflcl ureau of the lonal Electric Ligh {ation, it s “the most cvr::pnhllf sive carefully planned, co-operative sales m yet undertaken in the electrical industry. Co-operation is the base and heart of this activity—the co- operation of central stations, of manue facturers of electric re: co-operation of electric ref tributors n:d‘d:ln;‘ and leagues and clubs. this co-o) 1t becomes whole-hearted and p}:fimu: wide, 8oal of sales will surely be The total expenses of the national ad- nd the organiza tion activity borne by the mana- facturers of ‘electric’ refeigerators. Who are subscribing $1,000,000 for the three- ar campaign. This is in addition to a The expense for local advert sales promotional activities will be for by local interests working under a local co-operative organisation. will under The entire cam, be Refriger- in the and the direction of ation Bureau, with of the National kilowatt hours, tistical Research sociation. This is 6. for 1928, T o Seaboard Increase. The Atlantic seaboard continues register an in over last year, 1.9 gl-mmdl 129. of orle’;hePlem per cent, in part by com- crease in cent helowm,w‘ which may be and the uent Quirementa of Lrigation pempme® — e NEW YORK BANK STOCKS NEW YORK, - va?mbu 28 (). —Over. Bankers . gnt “Hano he Ty uaranty M Ne U Results, | the of of Exchange sald today in port. e e T. 8. TREASURY BALANCE. aThe uel:‘lmtgd- States nnouncH as of close November zs“ 'l& msuu&u. were ux.c%.m, fal o pendjtures, $6,470,742.60. May Be Greatest Port. The_ prediction that at no distant date Singapore wo the world mtmhlk%h':h . or at the it e it is one the most ve and cosmopolitan spots Cus- to date x- 1t is the the most val :el:‘u’mbb'r. and ‘&. trans-shipment for many other . commodif East as well at the W-d-. %n n'nmm = pore & vessels Honeysuckle in Norway. ui-'ldo is one .o: the most about 3, inhabitants. Its gentle beauty and wide and dotted with of fir-clad islands and Man; !ma’ul altar painting, “The Women at the Sepulchre,” which been re- e by yef e i Where “Tariff”” Came From. ‘Tourists who enter Europe through the spot which is almost the first land they see. Traf: before the ancient Pillars are Tkl across the way Gibraltar, rock which g g ; mud