Evening Star Newspaper, December 4, 1930, Page 15

Afternoon Following Re- newed Selling. 7 BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, December 4.—Despite stubborn resistance, after a weak open- ing, the curb market today moved defi- nitely lower in the afternoon as volume increased. i Electric Bond & Share was down nearly a point at the start of the last hour and so was Cities Service. The latter is understocd to be acquiring natural ges lands in Kentucky and in New York and mub‘;l:rshnnln‘ enter- irg the Atlantic seal 5 'veral big blocks of utilities came out early in the last hour. American Su wer on a 10,000-share lot &t 1233 was off 35 and International Utili- ties B on 4,000 shares at 6% was up 4. Commonwealth Edison on a sale of 50 shares fell 2%. American Ple Bakeries with a drop of 2 points was one of the weakest ‘* spots in the food list, while among in / surance stocks Corron & Reynolds pre- ferred lost the same amount. Richfield Oil preferred ex-warrants rose a point. Some of the early soft spots in the power and light di and their de- e gertiicates, o $15: Bell Telephons certificates, of g ne of Canada, off 115; Hydro-Elecfric, off 1%; National Public Service B, off &, and Pennsylvania Water & Power, off 1%, points. ymubcoek nf} Wilcox mdmup 3 points, proving an excepl e ge eral trend in the her-priced indus- {als. Singer Manufacturing at 348 was off 2. Great Atlantic & Pacific Tea at 176 was off 315. Early dealings in radios develo) a er price tendency despite p- ting_holiday sale reports from the de. De Forrest, Dubilier Condenser, Ancturus and other —manufacturing shares were a trifie higher without, 2 2‘““\', influencing the communication Sues. ‘The lines bettered. Principal tnmpt:m group were recorded by 'ka_Pipe, Buckeye Pipe and South- Pmnnylvnfil:h l:ipe. 'munurl- Kansas Pipe, Wl a natural gas carrier, was off fractionally. ions were dull and irregular until but shortly thereafter they ap- increasin Ppeared on the tape with fre- . During ti Insull !Jtmy was down west common a share, itly ¢ berg-Carison Telephone in early hit a new low for a decline. Newmont off about a point, but the list was virtually un- :!t:u- Gypsum , fell INVESTMENTS IN ORIENT $543,694,000 JAN. 1 LAST By the Assoclated Press.- | o, B, ® end of 1929, scattered over six n 336 the the T cent of 1ohiTe.: order by selling with S L o 00; mining and 0,074,000, g § aE» i i . conf organization, the resultant is 44 per cent of the Far After “selling,” the fig- our ‘chief branch plant in- Orient to lie in manufac- g £ g5 2 3o o e 0! s g o gfiéfi' m.fms: #aet @5y oF gt L s, EREEE TS i - 5 3 o Qo i e ® EE o &1 5 A T & "o {3 SIS, FSE BEEFESE Q333 S sgazgasaSan nestiie s sgusgeseinesineisine. EEHFE Ed T ORFSRNE .'E VENEEE P8 FhatEEaNy ii SESTAY: 3 5255 s0eesitecanungatatan 2398223385 0e 383 esasele B £55 £3 o i gl i) 5 FEEFRES -L-:-.‘< T T ZRZZK] Fedag Z5355) o R N PEEE sSeesd3HESaSS .'; H T oh 25000 130N B 3 000 009 1 FRRRE T8 PERITAE SevpavisSansiaidis s oo’ a0~ ! Low. 10% Afliated Prod 1. 1% AlrIn ors vte, 1% Al eny Gas. .. B80% Allied Int Inv pf (3). 150 Aluminum C6 of Am, 96 Alum Ltd cum pf 6). 1% Amer Austin Car. 26 Am Bakeries (A) (3) Am C P&L (A) (al)., AmCP&LB (10%).. Am Com P A (b10%) Am Cyanamid (A)... Am Cyanamid (B).. Am Equit! Am For Pow Am Foundrs (b4-70 Am Gas & El (31) Am Invest (war). Am StPS A (1.60). Am Superpowr (40c). Am Superpwr 15t(6) Am Ut&G (B) (35¢) AnchorP F (b10%) Anglo Chil Nitr, Appalachian Ga: Arcturus Rad T Arkansas Nat Ga: Ark Nat Gas (A Asso El Ind Ltd 3 Asso G&E A (at2. Asso G&E (A) dbrts Ass0 G & El ctfs (8).200s As80 G & E pf (5) Asso G&EI pur rt. Asso Rayon pt (6). Atlas Utll Corp. Auto Voting Ma Auto Vot M ev pf pt Aviation Cor of Am Babcox & Wil (19).. 1008 Bahta COrp......... 5 Bell Tel of Can (8).. 768 Blue Ridge Cp(p20c) Blue Ridge cv pfa3.. Brazil Tr&Lt(b8%). Brillow Mfg Co(60c) Brill'Corp (A) (65¢). Buckeye PL (4)...., Bulova cv pf (3%)... % Bunker HIl & S16% Bureo Inc. ... Butler Bros (3 Bwana M Kubw . 908 ) Cent Pub Sve Aal.76 Cent&Swn Ut pl(b6). Cent St El (k40c). ... Centrifug Pipe (60c) Chain Stores Stock. . Chat Ph Al nv (50¢). Citles Serv (g30¢). Cities Serv pf (6, Colon Ofl.... Col Plct vte (f13%).. % Comstock Tunnel.... Com Edison (8) Com & Sou war, Consol Alrcraft Consol Auto Merch, Cons Auto M cu pf. Consol Copper...... Consol Dairy Prod. .. Cons Gas Util B vte. o S o 3 5. Cont Shares pf B (6). Cooper Bessemer (2) wo 7% Crocker Wheeler. 6% CrCork Int A (1)... & Cuban Cane pr opt w. 16 Cuneo Press (234)... % Curtiss Wright war. Dayton Alr & Eng... Deere & Co (£1.20). . De Forest Radio. ... Detsel W Gilb (1%).. Derby OIl Refining. . Detroit Alreraft..... Diamond Match new. Dia Match cu pf (n). Doehler Die Casting. Douglas Aircraft (1) Dubilier Cond & Rad Durant Motors... (.. EastC & F Asso.... East St Pow B (1) Eisler Electric Corp. Elec Bond & Sh (b8). E) Bond & Sh pf (6). El Bond & Shcu pf 5. Elec Pow Asso (1)... Elec Pow Asso A (1) Elec Stareholdg (1). Emp Pwr pt (14.60) . Emp P Ser A (a1.80) oo o - 8 8 9 8 8 1 2 1 1 5 ‘6 5 9 8 6 1 5 7 9 1 2 7 0 4 4 1 2 s 2 2 6 1 7 4 1 5 4 1 4 6 2 1 5 3 2 4 3 3 5 9 2 4 7 0 6 5 1 9 3 2 3 4 1 1 2 1 2 1 6 3 7 4 [PTTRN- Flintkote Co (A). Ford Mot,CanA+2.10, FordMot, CanB12.10. Ford Mot France 28¢ Ford Mot 1.td 37%ec. Foremost Dairy Pr.. Foremst Dafry pr pf. Foremost Fabrics. .. Foundation For Sns. Fox Theater Cl (A).. General Aviation. .. General Baking. . Gen Baking pf (3).. Gen E Ltd ret (5ue). Gen Emptre Cor (1). Gen G&E cv pf B (6) 5008 Gen Baundry Mach 8 GenTheat BEqwi... 1 Gen Thev pf w.i.(3). 29 Gleaner Harvn (2).. 4 Glen Alden Coal (3) 250 Globe Undwritrs 30c. Gold Coin tnew).... Gold Seal Elec new Golden Center...... Goldman Sach TC .. Gorham Mfg vtc(£2) Goth Knithack Mch. Graymur Corpn, .. .. Grt At&Pac nv 15.25. 4 Grier Stores Grier Stores pf (1) Groc Stra Prod v.t.c.. Guard Fire Asso (2). Guif Ol of Fa (1%). Hall Lamp(40c) . 4 Happiness Candy Helena Ruhenstel Hollinger Gold 165c. i Horr & Hard (2%) Hudson Bav M & Humble Ol (121 Hvdro Elee See 2).. Hygrade Food Prod. 1fap Of) of Can (50¢) Ind Ter I1lu O (A).. Ind Ter Illu O11 (B). (nsull Ut (tb10% %) InsCoNAm ¢#3), ., Insurance Sec (70¢). Intl Hydroevpf 3. ant Petroleum (1)... Internat Super (f1), Int Utiiits 3 = o @ = e » MR RN A RSB aan aS Al RO EeEN R ARG Hose Mills. .. Stock and Dividend Rate. Add 3% Ttallan Superp (A) » Jonas & Naumburg. . Klem (DE) Cb (1)... Klein (H) pt pf..... Kolster-Br (Am 8h), Lefcourt Real 11.85.4 LeonardoOir. . Lerner Stores (2). Liberty Baking. Long Isld Lt (55¢) Louisiana Lan & Ex. Loew’s Inc war) MacMarr Stores (1). Magdalena Synd. . Mavis Bottling. ... ., Mead Johnson (14%). Memphis N G (t70¢). MerCh &S (1.60)..u M1d St Pet vte B..vs Low. Close. | 19% 1 20% N N Niaga Stand: Stand Utd Gi US&1 5 n Plus 8% in stock. Mid West Ut (b8%).. Mining Corp of Can.. Mo KanPL (b10%). Mo Kan P L vte. Montecatin] deb rts. ., Mount Prod (1.60)... Nat American Co. . Nat Aviation. . Natl Banksve (5).... Nat Bond & 8h(75¢). Nat Fam 8 (b10%) Nat Fuel Gas (1) Nat Investors. Nat Pub Sv A (1.60). Nat Pub Sve B(1.60), Nat Rubber Mach (1) Nat Screen 8v (2)... Nat Sh T Sec A $60c. New Brad Ofl (60e): . w Eng Pow of (8) New Eng T& T (8).. New Jersey Zinc(13) Newmont Min (£4).. Newport Co (2)..... 4 N'Y Hamburg (2%). N Y Steam Cp n w. Y Tel pf (6%)... . g-Hud Pow (40c) Niag-Hud Pow A w, ra Sh, Md(40¢) Niles-Bem-Pnd 2%, Nipissing (30¢)..... Noma El Corp (80c). Noranda Mines (2).. No Am Aviat A war., No Am Ut 1st pf (6). Nor & 80 Am Corp A. Nor Central Texas. , Nor Europ Ol Corp. . Nor Ind Pwr 8vot6).200s i Nor Ind P S pf (7)...1608 Nor 8t Pow A (8), Ohlo B Tel cu pf (777 1 Onlo Copper...... Outboard Mot (A).,. Overseas Secur (1)..300s Pennroad Cp (20c).. Penn Gas&El (al%). Penn Wat & Pow (3) Peop L& P A a2.40 St Regis Paper (1).. US Ling U 8& Over ctfs 2 US Playing Cards(4) Utd Verde Ext (2).., Uti] Pow & Lt (a1) Utll & Ind pf (1%) % Utllity Equittes Wailgreen Co. . Walker (H) (1). Walker Min (7%¢) Watson (J W) Co. Wayne Pump. .. Wayne Pump pf 3% . 175, West Tab & St Winter (Benj) Zonite Products 1), 8! Close. % % 12% 6 L B o v 0! Ut (1%)..+ s Bowwmnomen - PeNHHNORAN~Es Sanam b% 30 “l s I - ISR TPNTY 1 20 7 9% 98 107% 105% 3 181% 131% 129% 08 1061 106% mn % % 2 4% 4% % 9% i a% 6% 12 4 Pitney B P n (20c) Prince & Whit (26c! 4 Prod Royalty (f1)... Prudential Inves: Pub Ut Hold (50c). . Public Util Hold war Pub Ut Hold xw §0c.. R R Sh Corp (26¢).,. Rainbow Lum PrA., Rainbow Lum Pr B., Reiter-Foster. .. Rellance Int (A) Reliance Manag. Reybarn Co. Rike Kumhler (2.20) Roan Antelope Min Royalty Cp pf f1. 8 w(2d)(C) 80s 26 Schulte Un Ge-31 St., Seaboard Util (50¢). Selec In all ctfs(4%) Select | Selfridge Store(27¢c) or(53%).. ingan W (23%). Shenandoah Corp. ... Shenandoah Cp (a3). Shreveport Elec (D). Silica Gel ctfs Singer Mfg ( Solar Refining. Sou Penn Ofl (121). SoCal Ed pf B (1%). Southern Corp. S W Gas ULl SW Penn P&L d Motors 11 Ind (234, Stand Ofl of KY (12) Starid Oil Ohlo (2%) Starrett Corp. Starrett Corp Stinnes (Hugo). Stromberg-C (11 Stutz Motor Car. Sunray Oll (40¢) Swift & Co new ( Swift Intl (13%)., Technicolor Inc. Thatcher Sec Corp. Tobacco & All Stks. . Tobacco Pr Export Todd Shipyard (4) Tonopah Mining % Tran Con Air Tran.. Tri-Cont Corp (war) Tublze Chatel (B)... Ungerilelder F Corp.. Union Am Invest. ... Un N Gof Can 11.60. Utd Corp (war). Gtd Dry Docks. ..... Utd Found b2-35 sh. Utd Gas Corpn...... = o wSAR e SrnuSmmumani 12 prAT).. Utd Lt & Pow A (1). Utd Lt & Pow B (1).. Utd Lt & Pow pf (6). Utd Profit Sharing. .. 2 Utd Ret Ch pf (3%).. Utd Shoe Mach t4%. U 8 Elec Pow ww. U SFin Holding. % U8 Foil (B) (1 . U'S Gypsum (12.10). Sec 18t (5) pfe1)... 9% nuaj ‘acdustment aret: QO Vi h Plus 1% in stock. ¥ Ll. K. ‘mPlus 3% in stock able in . € Plus 6% in st This 10% % Motkor A Study of Hands. Some men following light occupations i, |have very delicate hands, and some women compelled to do heavy and hard work have coarse hands, so that it would be difficult to determine the sex in tion that rarely fails, according to in- vestigations recently made by the Uni- use their fingers in that distant era for picking seeds from the ground or han- dling small domestic tools, which would develop the first finger of the hand, 7 osatakil g Clock Relates Town’s History. Almost every town in Europe has a } | wonderful clock, and one which has been Tecently placed in Messina is said to be the most wonderful of all. phases of the moon, a perpetual cal- endar and the movements of the planets round the sun. Even Pluto, the latest discovered planet, finds a place. Below the clock face is a stage, upon which mechanical figures enact scenes -gprogrme to the great feasts of the churcl . Great Northern Railway. net | ern l';l::: xd BN 25% 17% IN TRADE REVIVA Character of Legislation ‘to Have Important gflect on Business World. BY J. C. ROYLE. Fully as much anxiety is felt as to % | what the present Congress is going to do to relieve the business minds of both employers and workers as. in what Con- gress may do to relieve unemployment and wmdammnuby means of and appropriations. k%omhu here hold r:;u; b;xsl.’gru depression was ‘never cu jegisla- tion and that attempts to lq{slnu the providing and filling of jobs has never proven satisfactory, since it is an un- patural rather than a natural business influence. But if Congress, among its other relief measures, relieves the minds of bankers, investors andl business ex- ecutives, the latter can be counted on to do a little appropriating for expan- | sion on their own account. Employment Volume. Men in the closest touch with the situation assert that business slumps are the result of psychological as much as actual conditions. President Hoover serted Tuesday that the volume of de- partment store sales in the last three mofiths only dropped 7 per cent below the corresponding period of 1928, the most prosperous year any country ever had in world history. The volume of factory employment for the period, he said, was 16 per cent below that of 1928, but the cost of living fell 6 per cent, so-that the loss was compensated to some extent. On the other hln%.r bank deposits . Manufactur- ing u ped 20 per cent. Careful study of those figures offers ful]{ as great reassurance as the fact that President Hoover, asked Congress for the &voroprllflon ot $100,000,000 to $150,000,¢ to increase still further the construction of public works and build- ings to aid relief of unemployment and also will seek authority to make en- d temporary advances of Federal highway aid to the States. The President’s impliea assurance that $650,000,000 will be expended in the next six months is hot minimized in the slightest as an economic factor, but business men and workers realize that the money for this work will have been furnished largely by themselves in the form of taxes. They also realize that President Hoover's message car- ried no indication that it would be pos- sible to continue the temporary i come tax reduction of last year, but asserted that extreme care would be necessiry to avold an increase. Retail Trade Barometer. It is quite possible that the way in which Congress handles the problems which will come before it will aid ma- terially in reassuring the business mind, but what it does regardi and electric power regulation, railroad consolidation, the consolidation of business interests, the present applica- bility of the Sherman anti-trust law and taxation, will probably have as much influence as any immediate re- lief measures it can take. If business can be reassured the sums now in the banks can be lized. Only a slight push is needed view of the fact that retail trade the last {w has around 7 to 10 per cent. said retail trade is the real barometer of business. It is the first speed gear of business and-high cpeed can be obtained only after the impetus has gone from retall to wholesale trade and thence to the manufacure and produc- tion of raw materials. (Copyright. 1930.) i GRAIN MARKE CHICAGO, December ’:r (Special) = The wheat market was irregular today. December acted firm due to changing of reac pathy y December, old. opened at 76%s to 763 March, old, 78%: May, old, 79% to 80 new, 80% to 80%. After the first half hour December, 75%; March, old, 77%; May, old, 79%; new, 8015, Corn was lower under further pres- sure from longs because of the reactions in ‘wheat. old and new pene 9% ; May, 4. After the first half hour December, old and new, were 76Y,; March, old, 79%; new, 79%; May, old, 80%: new, 81. Oats followed ofll;; grains. Decem- 36% & $TVa: May, old, 38% to 8% 4. new, » n % 45 V. to 38%. After the first half hour *December, old, 35%; March, old, 36%;: new, 37%; May, old, 37%; New, 38. Provisions were unchanged. NEW YORK COTTON NEW YORK, hu uti] in December 4 (i Bfi 1; ning cotton prices y | Doeh l: Trading 8 points higher. was only moderately active and reflect- ed profit-taking by shorts. New York followed Liverpool and the movements Were almost entirely professional, both trade buying and Southern selling being noticeable by their absence. Opening prices were: December, new, 10.35, up 5; Jlfl;]fll? ollx% lg“ January, new, ., 10.72, up 6; May, 10.96, up July, 11.12, up 5, and October, 11.33, up 8. Business Notes By the Assoclated Press. > NEW YORK, December 4.—The toy industry has begun to feel the rush of stores to satisfy the demands upon Santa Claus, Fletcher D. Dodge, sec- retary of the Toy Manufacturers of the United States, says consumer toy buy- ing has begun briskly and is producing a considerable volume of reorders and improved demand for better grade toys. He estimates production of playthings this year will be comparable with 1928, when the volume was 4 per cent under inst year. Despite drastic price reductions on floorsgoverlnxl ranging as high as 30 per cent buying for January and Pem; o | 2T delivery has been on a small is weel Buyers here for the Spring = ning sald l.ylwy were satisfied with the new price level, but were not in a position to heavy commitments @t this time. The Silk Association reports that the consumption of raw silk during Novem- ber as indicated by deliveries to mills was notably high. The total was 57,333 bales, only 4,600 bales less than the rec- ord figure set in October. Several lamp manufacturers, discour- aged by the low prices on low end lamps and lamp shades, are reported in the trade to be to coneentrate next rear on better le goods. The demand for P s has reached a. point where they maintain volume production is unprofitable. e BANKER OFICIALS NAMED. ‘BAL [ORE, December 4 (Special). les H. Baetjer of J. 5. Wilson, e Oo. ‘was hoved chatiman of t ition Committee of the Southeast- of the Investmen H. Co., chairman_Entertainment MM.MJMP.M(!N: i . P, e, March, old, i CTION IN CANNED OVES CHECK IN PRI .fi;‘lhn‘lmfl‘n BALTIMORE. Docember 4-—The 2 DROP 1929. But farmers in Wisconsin and Minnesota, where conditions were more favorable, raised great quantities of sald | peas and the pack there was extraor- tion. of 1930 is probably neighborhood of 20 per cent be- pack of last year, canned goods W selling for less than the cost of packing. If the drought had not re- duced the yield last Summer and thus reduced the amount of “packed, the price now could be lower than it is and the packer would lose more money. “I have not seen figures representi the total pack of tomatoes or the of several other vegetables,” said Mr. Summers, “but lhees'\lru for the total pack of corn given out by the Bureau of Foreign and Domestic Commerce show that the pack in 1930 was 15,692,172, as compared with 17,486,744 cases in 192! & loss of almost 2,000,000 cans. “In spite of the decreased amount of canned corn, the price is down. “The pack of peas in 1930 in a large part of the country was below that of dinarily large. If those peas became available for the whole country the To'E “The peome in those Siates are good d_there figures ‘gu know that in this country we use ,000,000 cases of tomatoes each year? Importations of a few hundred cases acbm::umnnmthln(mmch-wnl as 3 “The canned goods business has under- gone its changes in recent years like everything else. All orders of canned go0ds must compete now with green shipped here inr refrigerator cars rom Florida, from California and even from the west coast of Mexico. A con- sidefable quantity of such goods come in from the west coast of Mexico.” GOVERNMENT TO INVESTIGATE INCREASE IN BANKRUPTCIES By the Associated Press. - Alarmed over enormous amnd wing losses through bankruptcy, the Rpln- went of Justice, through direction of President Hoover, has set machinery in motion for the most extensive investi- gation ever attempted of this phase of business mortality. ‘The study was pted recent revelations in New York which disclosed that total liabilities of more than $5,~ 000,000,000 were involved in bankrupt- cies over the last five years, while total ssets realized were but 11 per cent of these liabilities, and the dividends dis- tributed to creditors represented less than 9 cents on the dollar. These were deemed sufficient in themselves to justify a national study of the bank- ruptey act as it operates. ‘The program of investigation, an- neuneed by Lloyd K Glrflnu.r.l‘ww asgistant to the Attorney General, been prepared in the hope of obf information, suggestions and assistance from business men, members of the bar and others whose work b; them into contact with bankruptcy tion In order to obtain a picture of the situa- tion that will be clear and beyond dis- pute. A fertile field which is being drawn ti on is that comprising the referees in , numbering about 530, and :'l:ll through the country, in locali- the I iret from the smallest towns to cities. Every detail of all o incdent to bankruptey, including the occupation of the bank- rupt, the causes of his failure and his ties since bankruptcy, will be covered in reports that this group is e -g-d to t find rs report findngs are the clerks of the distriet courts, credit adjustment bureaus and other agencies handling out-of-ourt insolvencies, equity Teteiverships, bar associations and mem- bers of the ‘bar and national business organizations interested in the matter. Also, there is much valuable informa- tion in the files of the Department of Justice, including criminal statistics on bankruptcy, reports by examiners and by :‘pecm agents of the Bureau of In- vesf causes of commercial failure, made by the Department of Commerce, and ts of congressional hearings and de- will be included in the investiga- lon. CASH STOCK BUYING HEAVY ON EXCHANGE Inquiry for Various Issues Con- tinues—“Under the Market” Orders Large. Special Dispatch to The Star. NEW YORK, December 4.—While there is . considerable cash buying taking place in the stock market, it has naturally decreased in proportion to the falling off in total transac- tions. Brokers report that a good many orders have gone through, with transfers being made to investors in odd lots and the big odd-lot houses daily buying on balance. It is known that there are a great many orders to buy “under the mar- ket.” The aggregate of this demand is caid to be ient to constitute a very good cushion and to protect the list in the event of g further wave of liquidation. Ancther ™ interest fea- ture is the amount of exchan stocks taking place in which tax losses are establis] gvpululty in the past year to onz that as better prospects for improvement when the general business situation brightens.” PN S DIVIDENDS DECLARED NEW YORK, December 4 (#).— Company. Am _Express. $1.50 Asso Tel & Tel A 41 . 6% Bt $1.80 [RONTRT AR S RXRXRRRIRRRARAANNANNRRAD QUNNNNY NRNERRRAANL: B5S.aBEE55 GREREESEERS: 1 & ¢ Ltd 5178 s ¥lcorse Sug Est..40c 35¢ y Un Stock Yards. $3.28 Do. . Bf... 50 Canad Canners Ltd.35¢c Do. 1st pf. 1.50 B a2 32 tn (AC) Lm C.31.50 1 S178 'irst Am Cor Formica saaaiion $08 Mille pf.. 3 General Gen Pub Ol p! deal Pin As CI Do. pf.... it et 400 6 GG SRR B eaS S B 030309 e e 130309 M98 b0 9, & o 5 SRR G pare 2 H Retail Prop pt.. . 35 Bararac Riv Pow.37lac Do. pf. 1.5 1.51.78 % pl.c.or 3180 Reduced. ban Tobacco....50¢ .. Omitied. Marsh (M) & Son B.2%¢ Q Ty it £h o : 2000DE0000000D000H0HEDOOOOTOLOOLODOTOOOOOLOODOD HOODOOE OOFOROOOOOZY: o o e TREYRRRTRRRNN ROyyeR: £ . 31 Dec. 15 Due Nov. 1. BOND QUOTATIONS REACH HUGE SUM Issues to Total $1,500,000,000 in 1930, According to Latest Estimate, Special Dispatch to The Sta: NEW YORK, December 4.—State and munieipal bond flotations in 1930 will aggregate close to $1,500,000,000, ac- cording to an estimate made by The Daily Bond Blg:r of New York, whose survey shows t the.issues marketed during the 11 months of the current year .amount to $1,286,219,500. For uu: corresponding ?eflod of last year total was $1,155,864,382, the final month of the year During the following large for sale: Missouri, Carolina, $10,000, $4,134, Houston, Philadelplila, Pa., X Lake City, Utab, $2,000,000; Pro R. 1., §3,000,000; New Or] issues are scheduled of | 000,000; ' Louisitna, $15,000,000. The following table Daily Bond Buyer of Ne F.m municipal bopd sale totals in lovember for the past 10 years: .. FOREIGN COLLECTIONS, ~ SHOWING IMPROVEMENT 13 | Special Dispateh to The BALTIMORE, December 4.—Credits and collections in many countries have been greatly improved in the last few months, due to the revh industries and trade, it was reported and Import Bureau of the Baltimore Association of ce. The bulletin quoted a report the Commercial Intelligence Division, Bureau of Foreign merce, United States P‘:‘o:“.rgor‘;:uo“:l ed from % receive eve: commercially important area in l.h‘z world there is evidence of provement in the stability of busi- Department of 22| ness, Bankruptcies ang have shown a tendency to numerous and amounts, . “Where unrest occurs in certain countries there has been a tendency among merchants to operate conserva- tively, keeping their stocks reduced and mnm their purchases cover only ne- cessities. “Strong, well established firms have made their tions more secure for the return of normal times. They con- tinue to buy conservatively and meet 4. the six months ended ,October 31, for the first half of its fiscal year, regwned net ¥ront of $1,530,780, against $3,027,- 628 in the like period of the precedin; fiscal year. Crown Willamette Paper Co. and Pa- cific Mills for the six months ended October. 31 reported net profit of $1,- 366,532, against $2,250,209 in the corre- g six months vious spondiny of the fiscal year. gt AND BOND AVERAGES By the Associated Press. From Yesterday's 30 Edition. * RAILROAD PROFITS Lost Revenue Through New Transportation Method. BY LEMUEL F. PARTON. Specisl Dispatch to The Star. NEW YORK, December 4.—Back of the unsasiness of railroad management and its drive for congressional relief lurks a new specter of “technological unemployment,” threatening to add » big string of lccomotives and freight cars to the ranks of the unemployed. . The engincers are fixing to add to their pipe-line repertoire systems which will transport, not oil and gasoline, but e cement, unfl-u coal and cement swiftly sure in a that a uls concerned, it is typlcal a{uumnm ting and mul- tiplying bles are the present 8 O 8 to Washington. Pipe lines are featured heavily in mmnmnfluumm This is ble, as the following Toads have taken large cuts in earn. ings due to this IOIIHKC‘I"'MI-TG Atchison, Pacific, lnhrul:"m !x‘vw ac“ ico; Chicago, Bu: & Quincy; Texas & Pacific, St. Louis lou&“im, Southern Pacific and Cole & Southern, The estimated of common \ol'u m.om:’."ag Rock share of the Rock out of business lines in the elaborate Fvestea assum ‘which about $400, that ery of “ the oil inf heavy firing = i BT 1 i i 23 gg i e CHICAGO LIVE STOCK MARKET CHICAGO, December 4 United States PR A Hogs, 31,000 head. rather slow 2[in a bulletin just issued by the Export|rec pack and Domestic Com- 8. !m-' yearl! wn to weak; Y and heifer at decline. !I:mn.‘um e-t?l: flmmdflfl le&rn good and choice (I medtun, 4008575, Steers, good and choice, 500-1,050 pounds, 7.0089.00; common and medium, nm"vm. " Sheep—] H,