Evening Star Newspaper, December 6, 1930, Page 24

PRICES ARE MIXED IN CURB TRADING Market Displays Lack of Re- sistance as Seling Pres- sure Resumes. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, December 6 —Weak and dull from the outset, the Curb Exchang> today developed selectivity as tradng progressed. The market leader, Electric Bord & Bhare, was off only fractionally, but it was relatively inactive. Citles Se vice was down 3; on a much reduced volume of_turnover. 1 Petroleum, mining, investment trust | and miscellaneous industrial shares, in | the order named, featured early trading on the downside of the market. In some instances softness was due to| general trade trends, but more often to_specific corporate developments. Humble Oil & Refining moved into record low ground partly as a result of the general trade effect preduced by the announcement of Prairie Oil & Gas Co.’s withdrawal as a crude oil pu'- chaser in the Mid-Continent dis.rict The latter's action merely emphasized & general situation in the oil ingustry. Gulf Ofl likewise registered a new low Noranda Mines featured the mining | group as it dropped 3'; points follow ing the omssion of the quarterly commen dividend of 50 cents due at this time. President Murdoch said the directors’ action was due to the uncer- tain future of copper prices and the commitment to heavy expenditures over the next few months. The decrease in actual world produc- tlon by Ford, the cutturn of 51923 cars in November ccmparing with 78.- 347 in October, brought selling into Ford Motor of Canada A and Ford Motor Ltd. American Austin hit a new minimum Jevel United ~Founders, its subsidiary, American Founders and _Goldman Sachs, National Investors and Shenan- doah were the most prcminent in the trust group. In the case of National Investors its offerings could be cxplain- ed by the action of directors Friday. They decided to omit the semi-annual preferred dividend due at this time, BONDS ON THE CURB les in ousands. 11 Alabama Pw 4'zs '67 1Awuminum Co 55 '54. 10334 6Am Cmwin Pw ts ‘40 80 § Amer G&e 55 '2b 9.3 5 Amer P&L 65 20, 10: & Amer Rou Mill 55 ‘46 2 Appelach_Gas 65 |45 15 Appalac Gas €5 B ‘4o 12 Aikans F&L 55 '56.. 5 Armstre Cork 58 40 1 Asso Elce Ina 4'as ‘o3 3 Asso G&E 425 29 C 20 Asso GaS&El 35 '90.. 83 Asso Gas&El 5s ‘68 2 8As G&E 525 34 in cf T4 B4 As Tel Util 5% “a4.. 84 1Bates Valv 6s 42 ww 1031z 3Cap Adm 5s ‘53 xw.. 843 2 Caroiina P&L 55 '56. 10112 20 Caterpillar Tr 5s '35 97%a 1Cent Siat Eiec 55 '48 65%4 3Cent Bt Elec 5'35 '34 69 1Cent 8t P&L 5'3s '53 81t 8Chi Dis El 4'2s 19 A Chi Dis El 535 '35 . 2 Chic_Ry cod s 203 10 Cig Etr Keal 5'as 49 159 Cities Service 55 '50 17 Cit Berv Pow 5'ss 52 12 Cleve Ter Bidg 6s '41 13 Comdir Lorajee €3 '41 45 6 Comwin Ed 425 E ‘60 98% 1Con Gas Balt 2 Con G Bal 13 Cont G&E 55 A '58_. 3 Continen Oil 5'4s 37 93 Crane Co_35s . 101 Crucible Steel 5s *40. 99%a 3Cudahy Pke 5'as '37 95% Denv & Salt L 6s '60 57 9Det C Gas 6s A '47..105% 9 East Utilit Iny S5 ‘34 6112 9 Edis El Bost 5s A '3 102%a 4 Elec P&°, 85 A 2030.. 83 9 Empire O&R 5 83% § Fairvanks Mor 8¢ 142 88 3 82% 93ty 57 DOMESTIC BONDS. Hisn. Low. Close. ] 2 Firestone C M 55 '4i l;‘ Gatineau Pow 55 '56. 9 G i 2 107 107 102% 6 8! ink_6'28 36 f Oil Pa 55 47 § Ho0d Ruboer 315 ous' GG 638 '43 3 Iilinois P & L 57as Hiin P & L 51,8 B 17 Indnap P&L 55 A ' 6 Insull ULilit 6s B ] Intercon Pw cv 8 Inter Pw Sec s E ' 1] Intern Bec Am 55 2 ator 85 '36 xw. 9 Lehigh P 8 6s 2026 3 Lone Star Gas 5s 42. 10 Massachu Gas_5s '55. 1Mead 6s A '45..... . 1Mid West Util 55 "33 10 Milw G & E 4125 Narraganseit 55 '57 L 53 B 2030, 5578 & GAE 55 ‘47 2 New Eng G&E 55 '48 ew Eng G&E 55 '50. ¥ Fo In 5'cs '48 ww P& L diss 61 iag Falls Pow 6s hio Edis 55 ‘60 wi hio Pow 4128 D '56. 9414 hio Pow 55 B '52... 101i2 kia Gas & EI 58 '50 100 ntario P&L 5'as ‘50 93 2004 65 ‘38 ww... ARSI 3t 8 000007 22: & E 438 E '57 977a G & E 85 C '50 1053, Pacific Pw & L 85 '55 957, B6Pac G & E 4'as F i 967 Penn O Ed 8s ! gEEyYy L. 843 haw WP 4'.s B ‘68 933 haw W&P 4'2s D... 93 haw W&P S5 C 70, 101%% 3SE P&L €5 A 2025 xw 102 ! oS agrsreranarsnsn 00 5 9215 4 Southern N G 6s 0% Southw Nat G 65 ‘45 66 hw P&L s A 2022 103% and Gas&E s 35. 100'% and GaskF 6s '51 10014 andard P&L 65 73 z Mot 7ias '37.. wift Co 55 40 wi wift Co 55 '44 Elec 55 '60 wi Gas Ut 6s ‘45, P&L 55 Uil 5s on Guit Lt&Ry ed P 4 .. kb Soganan S o - poaEiseaSanSesan ga<<aa S Bk 6= 310 073, EI Cp 61,5 ‘65 xw 69% urop Mtg 7s C '67. 84 er Cons Mun @s ‘47 70% Con Mun 7s 1 8158 over Pro i5s 8up Pow_6: Mendoza_Pr 7i.s * 8 Nippon ! P 615 ‘83 a8 1Pow C Can 4175 50 B 86 & Russ 6'25 ctt N C ‘18 7 8axon Pub Wi 83 10 Terni Soc 615¢ A Unit Tndust 6158 “With' warrants ithout wa Qe QK 22 89 " 53 7 a1 FOREIGN EXCHANGE. (Quotations furnithed by W. B. Hibbs & Co.) Nomizal gold Seiling checks valia 345005 NEW YORK CURB MARKET Note—All stocks are sold in one hu excepting those designated by the letter s (808) (250s) w hlc’;l shows those stocks to be sold in odd lots only. Prev 1930.~ High. Low. 24 5 9% 1% 10% Stock sna Divid>nd Rate. Alr Investors cv pf.. Air Investors vte All AmGen Corp. Allegheny Ga Alexander Indust. Aluminum Co of Am 100s Aluminum Co Ltd. Amer Austin Car Am Capital (B) . Am C P&L B (107 ), Am Com P A (h10%) Am Cyanamid (B) Am Equities Am For Pow (war). Am Foundrs (h4-70). Am Gas & El (21)... Am Lt & Trae 2%). Am Natural Gas Am Superpowr (40¢) Am Superp pf (6). . Am Ut&G (B) (35c). Anglo Chil Nitrat Avpalachian Gas Arcturus Rad Tube. . Arkansas Nat Gas Ark Nat Gas (A). Asso Dyeing & Prig. Asso GRE A (s 12 40) ¢ ASs0 G & FElctfs (8). 25 Asso G&El pur ris. . Asso Tel Util (b8%). Atlantic Fr & Sug. .. Auto Vot Mev of pt. Aviation Cor of Am.. Rahia Corp. Blauners (e2) - Rliss (F W) Co (1), Blue Ridge Cp(p20c) Blue Ridge cvef(as Eridgept Mach (25¢) Brill Corp (A) (63c) . Brill Corp B .. Bunker Hill & § Cable Radio T vie. 4 Cable & Wire A ret Cannda Marconi . Carib Syndicate Celan ct 1st pf ( Celluloid Corp. ..... Cent Pub Sve Aal.75 Cent St El (k40c). .. Centrifug Pipe (60c) Chain Stores Stock. . Chat Ph Al nv (50¢c). Citles Serv (g30c). Clties Serv pf (6) Clev Tractor (1.60) Colombia Syndicate. Col O!1 & Gas vte. Com & Sou war... .. Cons Gas Balt (3.60). Consol Retail Stores Contl Share cv pf (6)150: Cooper Bess pf A (3) Cord Corp. Creole Petroleum. .. Curtiss Wright war., Dayton Air & Eng. De Forest Radlo Deere & Co (£1.20). Deisel W Gilb (13). Derby Ofl Refintng. Derby Oil & Ref pf. Detroft Afreraft. ..., Dlamond Match new. Dia Match cu pf (n). Dixie Gas & Util. ... Doehler Die Castine Douglas Alreraft (1) Duquesne Gas Cp wi. Durant Motors East G & F Asso. Fast St Pow B (1). Elec Bond & 8h (b6). 180 Elec Pow Asso (1).. 5 Elec Pow Asso A (1) 18 Fl Pow & Ltop war. 1 Elec Stareholdg (1). 23 Empire Corporation. Europ Elec deb rts. . Fabrics Finisning. Fageol Motor. Fandanzo Corp. Fedders Mfg Co (A). Foltis Fischer Corp. Ford Mot,CanA12.10. Ford Mot France 28c Ford Mot .14 37 4¢ Foremst Dairy pr pf. Foremost Fabrics Fox Theater Cl (A).. General Aviation General Baking Gen Baking pf (3).. Gen G&E cv pf B (6) 1008 Gen Laundry Mach.. 62 GenThevpf wid). 1 Gerrard (SA) (11). Glen Alden Coal (8). Globe Undwritrs 30c Gold Seal Elec new Golden Center . Goldman Sach T C 16 Gorham Inc pf (3).. 1508 Gorham Mfg vie(f2) 2 Groc Strs Prod v.te., 40 Guif Ol of Fa (1%). 23 Happiness Candy Hudson Bav M & S, Humble Oil (1214). fiygrade Food Prod. Ind P&L cu pf(614). Insurance Sec (70c). Intercontinent et o int Petroleum (1). Sales— AmmaanShnanancnmmts = o weaka SRR O L wama 14 1 1 4 e sneno S RaunnEea e an TR RS anSanannni - 1 4 1 3 Lefcourt Real pf (3), LeonardOfl. p Lion Ofl Ref (2). Loew's Inc war). Lone Star Gasn (1), Louisiana Lan & Ex. MacMarr Stores (1). Mavis Bottling...... Mercantile Stores(1) 29 20% 55% 5 24% 3% 598 Add 00. Open. 5 1% 10% 167 70 ndred-share lots ~Prev 1530.— High. Low 20 14y 411 331 . Hizh. Low. 11:50, | 38 & € - 9 1% 1% 1% 0% 10% 108 2 2n L 163 70 1% 3 Mo Mon Mow Mu * 167 70 14 Param: P I s Utliity Utllity & Ind. Vacuum (t43) Veeder Root (2%)... Vie Finan Cor (40¢). Wayne Pump. West V Coal & Zonite Products RIGH'S. Com Edison..Feb 2 Peop GL&C. rates in dollars based on last quarter) 1 tates in, quarteriy o ble tn cash or stock. % in stock. 1% 8% Dividend ayment. 1 Plus 5 in ock. ock. Stock and Dividend Rate Mer Ch & S (1 60) Met T Co pt pf 133, Mid West Ut (b8%). M1d W St Ut (1% ) Miller & Sons (2).... Mo Kan P L (b10%). an P Lvte. .. oe Chemieal . t Prod o1 60y, pal Serviice Nachman Spring Nat Anern, Nat D Prpf A(7). t Fuel Gas (1).... 5 m Pnar it Nehi Corp (1.30)... . evada Cal El pf (T) Newnort Co (2) N'Y Auction........ N Y Tel pf (6%4).... ag-Hud Pow (40¢) ag-Hud Pow A w. Niag-Hud Pow B w.. Noranda Mines (2).. rop O1l Corp. t Pow A (8) Nor St Pow pf (7). Nor St Pow pf (6). Ohlo Copper Outhoard Mot ()., Outboard Mot (B). Pac GRE 15t pf (1%) Pac Western Of1. Pandem O1l. . Pante.ec 011 Parke Davis (11.65). Pennroad Cp (20c) Peop L & P A a2 40 Pie Bak of Am A (2). P'flot Rad Tube (A).. Plymouth O11 (2) Premier Gold (24¢).. Prince & Whir (2501, 1ce & Whitely pf. d Royalty (f1). Prudential Invest. Pub Ut Hold (50¢). Public Ut 1iold war Pub Ut Hold xw 50¢c Pure Ol pf (6)...... Ralnbow Lum Pr B. Reeves (Dan'l) (114) Rellance Int (A).... Reliance Manag eybarn'Co. . Rike Kumbler ( Roan Antelope Min. . Rock Lt & P (90¢)... Nossia Int Corp. . Ryan Consolidated Safeway S w(2d)(C) St Rexis Paper (1).. Salt Creek Con (40¢) Salt Creek Prod (2), Schletter & Zander. ., Schl & Zan pf (3%)., Scovill Mfg (3) Seaboard Util « Seaman Bros (3). Seg Lock & H (50¢). 4 Selected Industries. Selec In all ctfs(4%) Select Ind nr (b%).. \fridge Store(27c) Sentry Safety Cont. ., Shattuck Den Min. .. Shenandoah Corp. Shenan Corp pf (a3). SoCal Edpf A (1%). So Cal £d pf C (1%). Sou Penn Oil (12%). SouthldRoyalty (60¢) S W Gas U Spanish & Gen (B).. Starrett Corp pf (3). Standard Motors. Stand Of) Ind (234), Stand Ofl of KY (12) Stutz Motor Car nray Oil «40¢). Swift Intl (13%).... Taggart Corp (1).... Tampa Electrie (32). Technicolor Inc Tran Con Alr Tri Triplex Safetv Glass Tri Utlifties (31.20). Ungerleider F Corp.. Utd Chein pf (3). Utd Corp (war) Utd Found b2-35 sh. Utd Gas Corpn. Utd Gas (war). Utd Gas pf (7).... Utd Lt & Pow A (1). Utd Lt & Pow ot (6). Gtd Dry Docks. ..... US Dairy (A) (5). U 8 Elec Pow ww U S & Int Secur, .. U S & int Sec 18t (5 U S & Oversens war. U S& Over ctfs 284 ¢ S Radiator (2).. Rubber Reclaim. Util Pow & Lt al)., UtP&LefsB end k Plus 10% TON, Received by Private Wire Direct to The Star Office Bales— Add 00 Open. High. Low. Close 2 17% 17% 1% 17% 3 36 36 36 19% 19% 19% 22w 22% 20% roromTc anCo..., ST PPN Min (f4) nt Cah Mfg e ties. ... =3 - " e e B RN X e TR T RS P T T TN e D RN e A X S A e B B e R e R e A SRR R 1.0 auities . Expire. 2 1 12% 10% 12 12 10% 104, | semi-ann: {Partiy extra * YRl 4T e b Payable in stock. e Adjustment divi- & Plus 6% in stock.” b Plus 1% in stock in stock. mPlus 3% in stock .Jan 15 10% PICKUP IN HOLIDAY to some extent, but has spurred the sale of alcohol and non-freezing mixtures for radiators. It is probable that in view of the effort to provide employ- ment the highways this year will be cleared of snow and ice faster than ever kets are absorbing this output readily Commodity prices are showing further | | before, with a consequent increase in | motor ‘traffic. The coal mines are turn- ‘mg ocut a good tonnage and the mar- ings Funds Is Reflected | lized. Release of Christmas Sav-| The volume of building now going on is not up to expectations, but it would have been considered remarkable 10 in Sales. 33i%c 13.91¢ 278%¢ drachma e eehilling.. . . Budar€st. peng: Prague. crown (nom.) Warsaw, zloty... ... nhagen, ecrown.. Oslo. erown.......... Stockholm, crown TREASURY CERTIFICATES. (Reported by J. & W. Seligmen & Co.) to—Ma turity e oot 15 33 138 Sar. 18 1932 00 ;: Fept. 15, 1932 s Dec. 19, well known grades of soap are cu‘::a(mm whale oll. 3 | 1s st 1l BY J. C. ROYLE. | building operations in many localitics. | 1t is hoped that the program for con- | struction activities now before Congress | in the near future. | (). | evidence that they are becoming stabi- | | miners out of work and forced the gov- | will produce active results In building | | _The shipbuilding industry is moving The release of Christmas fund meney | g started the hollday buying season off with & rush. This was the trend re- sorted this weck frem nearly all sections, although business is better in some places than in oth-rs and depression is | becoming more a matter of geographical location than it was some months ago. The buying of apparel has been spe- clally gratifying. Individual sales per- haps are averaging less than they did a year ago, but they are full}y as numer- | ous and perhaps more so. There is a strong trade in auto accessories handled by department stores, and radlo sets are moving in better volume in most loceii- ties Store shelves are but lightly burdened and already some re-orders have madce their appearance. This is bound event- ually to be reflected in the speeding up of industrial plants and factories. At the moment, while there s better- ment of sentiment in industry, actual expansion of production is not in evi- dence. This is natural, however, since activilies always drop off at this season of the year prior to inventory taking &n’ year-end zettlements. The textile trades are gradually sta- bilizing. Rug salcs have been of fair proportions. The rayon industry now hopes to avcid any drastic price revi- sicns and the call for silks and cottons is becoming more pronounced. Furs are not selling in large quantities, but are doing better than they did last Christ- mas, according to some dealers. The steel industry is on even keel Automobile manufacturers are not pushing output, but they are pushing sales of cars in stock and are clearing decks for the Spring trade. Prepara- tions now are almost completed by the majority of the trade for the auto shows in January. The position of the non ferrous metals is brightening some- what. although th> depre-si-n abroad ctor to which producers are forced to g.ve ful' censideration, ‘The weather has cut down the consumption of gasoline by automobiles head in fine shape and if the recom- mendations of the Shipping Board in | its annual report are complied with this | trend will be intensified. | (Copyright, 1930.) |SHORT Sme OF MARKET | DECLARED DANGEROUS | Special Dispatch to The Star. NEW YORK, December there does not seem to be any favor- able news on which to purchase stocks, opinion seems to be that the shert side |1s fraught with much danger and offers | little inducement of big profits, whereas |t contains possibilities of substantial losses, as shown by the predicament in 6.—While | TeRular visitors to the Cornish Riviera |to the ministry of health and the which the shorts in Auburn Auto and | | Ingersoll Rand find themselves. At burn Auto continued upward at the ex of the shorts yesterday and sold at high price for this movement The name of a big chewing gum man | from the West and that of a formcr | bank official are being connected with the market for the stock. These men |are declared to be behind the present |advance. The shorts ni Ingersoll Rand | are being charged a premium daily for borrowing the stock. One of the | Street’s best known operators is under- stood to have engineered the trap into | which the shorts have fallen. PETROLEUM PRICES. NEW YORK, December 6 (#).—The average price of crude petroleum at 10 producing flelds was unchanged last week from the previous wesk at $1.245 & barrel, according to Ofl, Paint and Drug Rerorter. The ave ge price a year ago wes $1.612 a barrel. Gasoline |In bulk et tho refireres was lower I'st weck at 5.375 cents a gallon at four principal refining centers, com- pared with 5.57 cents a gallon in the previous wezks. | { years ago, when Winter put an end to | depression has thrown MUNICIPAi. PROJECTS WILL EMPLOY MINERS ST. JUST-IN-PENWITH, England Municipal construction projects are being urged to remedy aleng the Cornish coast line the slack employment | caused by collapse of the tin market, Dropping from $1458 a ton three | years ago to about $530 now, the tin | thousands of ernment to the extreme measure of ex- tending the dole to “Cousin Jack.” Formerly a Cornish miner who lost his job migrated westward, but the mines of America no longer offer a haven. 8o, too, is halted the march to th2 diamond and gold mines of Rand. With the closing of the Geevor mine here only one mine was left working in the county. The news came like a thunderclap to the inhabitants of St. Just-in-Penwith, a district already | stricken by the recent closing down of the Levant mine. Some 400 men were thus added to the unemployed register of the town. Cornish folk, as well gs those who are on business and pleasure, are appealing ccunty authorities to use the men for construction of sewers and water lines. West Cornwall sorely needs both, in the interest of the health of its own people as well as that of the growing number of tourists. SHORT-TERM SECURITIES, (Reported by J. & W. Seligman & Co.) v*nvrp‘ n:';l" 4'%e 1037 Fell Tel of Canada 53 1957 = adian Nor. Rwy. 4'zs 1938 Northwestern B R. fs 1933 Chile Copper Co. 8s 1987, . . Gen. Mot Accep. Corp. 8e 1937 General Pei Corp_5s 1040. ... General Theatar« Equip. 65 1940 a ar T. & R. 55 1957 . Trunk Canada 8s 193 100 f Oil of Pa. 5s 1937 Humble O1l 5i5s 1932.. Internat. Match. Corp. Marland Ol 5s 1932. . . 5 New York, Chi. & 8t L' 85 192 Ehillips Pet. Co _8Ys 1939 Pure Oll Corp. 5125 1937. .. Skell Unlon Oil Co. bs 1947 Sinclair Crude Ofl Co 5138 19 Standard OIl N. Jersey 8n 1946 Standard Ol N. York 4,5 1981 St. L, Ir. Mt. & Bo. Ry. 8s 1931 St L. Scthwestern Ry, 45 1032 Union Ol Co. of Calif 58 1935, United_D:ug Co. 85 1053 U. 8 Fubber by 1047..... Western Electric Co. ba 1944’ " Wheel ng Stael Corp. $iss 1048 Wheeling Steel Corp. 4%2s 1953, D. RETAIL TRADE GAIN | REPORTED IN WEEK| Seasonal Upturn in Sales Noted in Weekly Finan- cial Reviews. Special Dispatch to The Star. NEW YORK, December 6.—Normal developments in business during the past weck, with retail trade showing a gain because of colder weather and the apraaching holidays, and industry gen- erally quieter, are reported by the week- ly reviews issued by the mercantile agencies. Bradstreet's says in part: “In industry the trend has been to- ward the quiet side, steel ingot capac- ity being reported below 40 per cent, with lumber quieter, ahd what auto- mobile factories are active engaged to a moderate extent on new model pro- duction. An exception to the quicter trend among the heavier industries is found in the pick-up cf demand for domestic sizes of coal, which has called for a slightly more active mining move- ment, particularly in bituminous coal in the West. Rail Buying. “In rail buying, one large system has asked for proposals on a fairly large quantity of rails, and past orders have induced a slight pick-up in ral mill operations, but the railways are con- ceded to be buying fewer rails, though perhaps more lumber, than a year ago. “From a considerable area in the Central Scuth and West the report is that the numerous bank suspensions have had a depressing effect on both | Wholesale and retail trade, with a few Southern sections noting that these suspensicns may have the effect of re- ducing cotton planting next year. In Eastern areas reports of better buying of heavy Winter wear are coincident with advices of a_slight pick-up in jewelry buying. The radio industry notes fair to good buying of moderate- priced sets. . “Announcement of a stiffening of steel prices has to do mainly with - quarter buying. A few markets note fair buying of pig iron, but in the iron and steel trade gencrally, and in some other industries, the near approach of inventory time 1s a retarding element in_immediate buying and production.” Dun’s Review says in part: “As usual at this period the influ- ence of seasonal forces is entering more largely into appraisals of the business situation. With the approaching holi- aays and year end, increasing activity in retall trade contrasts with diminish- ing Industrial operations, and allow- ance for this phase always is made even in times when settled conditions prevail. The present instance is marked by less than the customary stimula- tion of public buying and by more than the average recession of manu- facturing, yet such results were to be expected after prolonged and far- reaching economic readjustments. Record Is Adverse, “The commercial record of 1930, which is being brought nearer a con- clusion, obviously is adverse, although the severity of the transition has been modified with the passing months and a number of encouraging auguries now are revealed. The inventory status, broadly_considered, has been strengt ened, the importance of aligning pro- duction closely with actual consump- tion is more widely understood and the outlook has been bettered by the more general disposition to recognize the ex- isting facts and by the more conserva- tive opinions regarding_ probable devel- opments in the early future. Markets at a Glance NEW YORK, December 6 (). —Stocks heavy, Erle Railroad common lowest since 1924. Bonds irregular; rails soft as rest of list holds st-ady. Curb heavy; small losses general. Foreign exchang? steady; sterling strong. _Cotton quiet and featurcless. Sugar barely steady; trade selling. Coffe: lower; increased Brazilian offerings. SHOE VALUES CUT 30 PCT. A decrease of 30 per cent in the value of leather footwear during the first 10 months of 1930 was reported today by ( the Department of Commerce. Imports were 5,143,043 pairs, valued |at $10,668,728, as compared with 6,- | 689,161, worth $15,344,644, in the same ' period of 1929. CHICAGO STOCK MARKET CHICAGO, December 6. —Following is the complete official list of transac tions In stocks on the Chicago Stock Ezxchange toda; Sales in hundreds. 50 Acme Steel . 150 Adams Mg 50 Adams Royaity 100 All-Am Mohawk 150 Am Radio .. 950 Assoc Tel Ut 150 Auburn_Auto .. 700 Banco Kentucky . 430 Bendix Aviation . 2200 Borg-Warner ... 50 Brach & Sons 250 Burnham Trad 150 Butler Bros . 200 Castle A M 230 Cent 11i Sec 800 Cent Pub Se: 200 Cent & So West . 400 Chi C & C Ry pi. 3800 Chic Corp ... 150 Chic Corp pi 100 Chic Investors 50 Chic Invest pf . 4000 Cities Service 600 Comwth Edis 200 Construct Mat . 300 Consumers . 10 Consumers 6 2150 Cont Chicag 300 Cont Chic 130 Cont 900 Cord 200 Foote G _& Mecii.. 10 Gardner-Denver . 43 G g 1200 Gt 30 Gil2sby-Gr Hail Princ 30 Hibb Spen Bari. . 50 Houdaiile-Her A 300 Masesiic House' U 100 Manhat Dearborn 50 Marshall Field 100 Merch. & Mirs ‘AL 560 Mid West™ UUL... 50 Mid W Ut 6% bi A 50 Midland Nat Gas 100 Midiand United 300 Midland Unit war ! 25 Mid UL 770 A PI. 300 Mo-Kan Pipe 10 Monroe Chem .3 20 Monroe Chein pl 300 Nachmann Spring 50 Nat Rep Iny 180 Nat Seeur Iny 100 Nat-Siandard 50 No & 8o Am... 100 Ontitrio” MI% 150 Pincs. Winter 100 Lublic Sery n B 10 Quaker Oats 10 Quaker Oats pi 200 Raytheon vic 100 Refiance Int'l 50 Reliance M, 100 Seaboard Uil 100 tand Dredginig. 130 Stand Dreds pi 50 Bwift & Co.. 250 ) 1 elith 8L 8L°A. win St Nat Gus.. nit, Am Gl Un Am Ut nited Pub Util. S E et B R e s e R e SHEE est P L & Tel Stock sates todar, 59,300 shares. BONDS. 8000 Tnsull 65 '40....... £000 Chi' Rys ctfs b; 1000 Cht Rys A 58 42 42 1000 Edison §s 1083, 1063, 1000 Insull 65 °40........ 80% 8¢ 000 Toledo L & B 53 ‘32 9918 99'3 Bond sales today, $20,000. y: EMBER_ 6. 1930. STOCK AND BOND By the Associ FINANC IAL AVERAGES lated Press. SATURDAY, DECEMBER & [ - STOCKS. Two years ago...- Three years ago, weekly aver Low, 1929. Today. Previous Weelk ago. Month ago Year ago....... Two years ago. Three years ago, High, 1930. . Low, 1930. High, 1929. . Low, 1929, . * New 1930 low. ay. Industrials. RYE IN SPOTLIGHT - ON GRAIN MARKET {Oats and Corn Are Also Ac- tive as Wheat Remains Quiet. BY JOHN P. BOUGHAN, Associated Press Market Editor. CHICAGO, December 6.—Speculative trade which just at present has been largely diverted from wheat is making the other grain pits fairly sparkle at times. Rye, oats and corn have shared in the borrowed activity, and through force of circumstances some of the brightest fireworks for the moment are being witnessed in the rye crowd. Ex- Chicago December contracts have drawn (Copyright, 1930, Standard Statistics Co.) The Se cret of }} MARGARET YORKE By Kathleen Norris [ LTI ——— INSTALLMENT XIIL RS. CUTTING'S prediction proved true. Shirley came in before breakfast the next morning, and although Mar- garet did not see her greeting to, Stan, who was playing with the col- lic and Jim on the terrace, she knew it must have been but a brief one, {nr) almost immediately Shirley came swift- ly into the library, where Margaret was writing checks. | Margaret herself had given Stanley but a fleeting half glimpse of her eyes, when he came cut to join her and the child that morning, and had immedi- ately disappeared. She bad schooled her glance to be merely friendly and impersonal: she was woman enough to be disappointed at receiving exactly the same sort of look in return. Now she was in common civility bound to re- turn to the terrace with Shirley. “I shall be sick if I have lost that bag,” relterated Shirley, for the twentieth time. * ‘It was the handsomest one I've ever seen, you couldn’t replace it any- where! Oh, I can't have lost it—it stolen, of course, that's what it was! And my emerald ring, the emeralds and the diamond—the emeralds were worth a thousand aplece—I took it off because my hand is getting so_thin! Oh, I'm just sick over the whole thing—I laid it right here, on the brick wall, I re- member distinctly!” “I sent Foote down last night,” Mar- garet said, feeling her very soul flutter at the memory of that hour, but with- out a glance at Stan, “and this morn- ing we've had them all searching, all ;10“'1"1 the terraces, and even in the ane!” h, well, of course, they wouldn't find it.” Shirley said, with an ungra- clous, significant look. “Somebody's got it. I've telephoned for a detective,” she added. in an undertone, with a glance toward the French windows that opened into the dining room, where one of the malds was busy, “and he'll place it— you'll see. Whoever's got it has simply got to producs it, because, even if they melted the bag and picked out the stones, it would be perfectly simple to | identify them.” Shirley began again, restlessly search- ing the terrace, rustling the thick, dusty ivy leaves, kneeling to run her hand under the gnarled ropes of the vine. “Had breakfast?” Stanley asked, as the maid came to the door and bowed. “Oh, breakfast!" Shirley echoed, out- raged. “I tell you I valued that ring more than anything else I have!” she 1eminded him, reproachfully. “I saw it on the Place Vendome. just after we were married—you remember it?” she asked Margaret, pathetically. “It was the most remarkable thing I ever saw, 2 big clover of three emeralds, with a fourth leaf of diamonds! It was unique.” “Well, youre due for another big ring,” Stanley said, good-humoredly. Shirley did not hear him. “You put my coat away—where?” she asked, impatiently. “What did you have in your hands? Can't you re- member?”’ For 20 minutes they hunted on, while Jimmie finished his breakfast. “Do go in and get your coffee, Miss Yorke,” the man presently said. “Or tea, rather!” he added, smiling. “And do for pity’s sake go get your !” Shirley urged him. “A man is solutely unreasonable—there’s no use trying to get a civil word out of him before breakfas! Stan made the mistake of trying to conciliate her. ‘m sorry, dear,” he said in a peni- tent undertone. “Don't be cross—-" “Excuse me, I'm not cross!” Shirley answered sharply. 0, I know you're not, dear,” Stan murmured abjectly. “Poor little girl, shz lost her gold bag, and she puckered up her pretty little face and just pre- tended to be cross!” he said. “Oh, please don't talk baby-talk! Shirley cried desperately. “I just can't stand anything more this morning!” “You'll find it,” Margaret said sooth- ingly, an_unwilling third in this little scone. “You've just put it somewhere, and any minute you may remember! And do have some’ coffee— “I know I've put it somewhere, but I was hunti the house over half the n'ght!” Shirley said, not sorry to be ap- peased. “Oh, dear!” she lamented, standing headachy and despairing in the heat and ready to burst into tears. “Oh, dear—why did this have to happen just now! Stan?” she sald, after a mo- ment's stern reflection, on her way to the breakfast room. “Stan, you'll have to round them all up—every one who was in the house—there's no use having the detectives, otherwise! I know I had it here—and anyway, you can t:ll them I'm doing the same thing at my own house. Some one has it,” Shirley added, at the breakfast kfiflhle now, looking vaguely at her napkin. %! imorning long the quiet life of the household was demoralized by the search. Margaret took the precaution, before the detectives arrived, of gather- in~ the 11 servants of the indoor and outdoor staff together and warning them of what was impending. “Mrs. Theobald believes she lost it here,” she said, in & smiling and sig- nificant undertone. “I don’t. I think she will find it at home. But, mean- while, give these men any help you can and answer all their questions, won't you?” The interested staff innocently con- sented. But Margaret trembled for her smoothly running domestic ma- chinery when she considered exactly the nature of the approaching investi- gation. The morning was hot and the hours dragged. At 11 o'clock, to Mrs. Cutting's secret indignation, the de- tectives did actually arrive and begin to be businesslike and briskly inter- rogatory. Once more the terraces and lawns and steps were cearched; Margaret now had a sort of mental picture of the gold bag, and seemed to see it In a hundred places; huddled limply against the potted ferns, dangling on a button of Shirley's coat, crushed and stepped upon under the dry yellow grass of the lane. Shirley finally wept and went home with a blazing headache. She left Margaret pacifying Carrie and Daisy. who had® been given the third degree, according to their own stories, and also were weeping. The episode of the lost treasures quicted down in a day or two and, ex- cept for Shirley’s occasional bitter ref- erence to her loss, it apparently left no ripple upon their lives. And yet to each one of the three young people and the servants the event was perma- nently important. To Stanley, although neither Mar- garet nor Shirley dreamed it, the epi- sode, trifling as it seemed, had been extraordinarily significant. He had seen each woman in a new role that night, Shirley agitated over the loss of jewels another man had given her, furious, exacting, within cnly a few hours of the time when she had prom- ised to be his wife, and Margaret for the first time broken, gentle, yielding and admittedly suffering. Stan was not analytical; his mental processes were rather slow. But, even without defining it, he marveled, in his own simple way, that Shirley, while thinking herself so admirable, could be so frankly material and suspicious and cxacting, and that under Margaret's repressed and quiet manner the flame ‘o( an endearing and loving personality | could burn so bright. Meanwhile he and Shirley moved | rapidly, nolsily, gayly through their days. He saw her radiant and pretty in her frail linens and beautiful hats. He marveled, in his simple, unexact- | ing way, at the long tales the told him, tales of quarrels of all sorts, in which she was invariably victor. When she was tired she wanted merely to pet and be petted. Did he know he was the handsomest man in the St. Francis today? Well, he was. And tell her again the nice thing King Bartlett said about her? Did he? It was sweet of him, and she did think she looked nice at the dinner® And she | thought—no, seriously, that Willis | Hyde-Brown had a crush on her, what | did he know about that? Wasn't that killing? Stan realized, before they had been a month engaged, that Shirley was as eager as ever for the admiration of other men. He disliked the idea, even while he told himself that, after all, she would settle down when once she was his wife. - “Why do you let it bolher you, dear? he said, over and over again, as Octo- ber brought the wedding day nearer and nearer, and Shirley showed an in- | creasing inclination to criticize her friends, to resent their various atti- | tudes toward her and her plans, and | to_force Stan into partisanship. “You'd let anybody walk on your face, Stan,” Shirley said, in good- natured contempt. “But I won't. Peo- le are going to be decent to me, or Il know why!" And the vicious little compression of her lips as she spoke, and the angry lint in her brown eyes, made Stanley ‘eel uncomfortable; he could not quite | Jaugh at it as a childish trick. He felt uncomfortable and ashamed and even curiously pitying of her. Women had always been of one type to Stanley be- fore this: the type thit makes peace, that concedes, that is dignified and self- confident. He began to realize that there is & distinctly opposed type, and that Shirley represented it. And when he thought this he would try loyally to remember her good points, and perhaps would ask himself some- what blankly what they were. What had impressed him so, down at Pebble Beach a few weeks ago? He would remind himself, there was —there must be, some real character, some real fineness in Shirley. She was a pretty creature, she hiad lots of friends, she had had a hard road to hoe. Stan was inclined to be generous to her, even in the matter of their en- gagement. It was important to her to Jand somebody, and she had Ilglch him; it had been pretty ‘raw,” he would think to himself, with a rueful grin, half contemptuous and half ad- miring, as he remembered the Pebble Beach days, the drinking, the rushing, the games and meals and_excitement: remerpbered that Shirley, knowing she had the Cannons to back her, had stated saueily that she was going to tell them that .hl'e: l;ld !snn were en- ed “just for the funt” n.’un (’or the fun, and Stan had re- alized the significance of it all exactly as if he had been at a play. Who was going to draw the line when it was time to stop the “fun”? Up to that time, Stan had liked Shir- ley. Now he hardly knew what he felt toward her. There were moods when she was concerned scemed to have ment. ‘Stanley’s spirit, at these times, experi- enced an immense blankness. Every word he sald to Shirley, every smile and look, s. med strained and uneasy. He was always glad when the critical, uncom- fortable mood passed by, and some re- establishment of her sway over him made him feel the solid ground under his feet again. He had no time to think of Mar- garet. She slipped, quite naturally, into the backgreund of his life. Stanley was rushing so constantly that Margaret's determined effort to keep out of his way was entirely succrssful, and quite unnoticed by him. Jim was having measles, and Nora and Margaret hardly left the nursery. was arranged that the two women should take the invalld down to Up- lands for his convalescence. It was a fortnight after they had gone that Stanley chanced to go down there with a cattleman from Washington, who had come to rate his herd. Shirley had exacted from him a promise to return to Burlingame for a dinner, for her divorce was granted now, and she was telling her friends quite cpenly of her plans, and had set the wedding day. Stan felt an amused sympathy with the famillar type of harassed married man as he promised her to com= back, and tactfully explained to the old appraiser that he would be obliged to leave him at the farm. “Who's boss, anyway?” he said to her. departing. “I'm boss!” Shirley said. (Continued in Tomorrcw's Star.) BUILDING ACTIVITIES, By the Associated Pr Bullding activities suffered heavily during the week endéd November 29, reports filed with the Department of Commerce indicate. In the figures that follow the daily average of contracts executed is given for comparable pe- riods, ‘ the region east of the ountal Wi ended’ NovemBbér, 20.. $8,170,000 Previous week ... . $12,599,000 Seme week last year . $21,466,000 i s England’s famocus Derby 150 years ago. founded he was actually a little afraid of her, . there were others when all fee'ing where | dropped from him like an empty gar- But when the measies was over, it | sharp attenticn to bargain-counter aspects of the rye market, and has sen* Tye soaring to a point where rye imports from Canada appear imminent. Extent of Rise. Compared with a week ago, Chicago values of rye this morning ranged all the way from 1%c to 8%c a bushel higher. * Simultaneously, oats were 1¢- 3lgc up, and corn at 1yc-21;¢ advance, with wheat unchanged to a rise of 2i4c, and provisions varying from 10c decline to 35¢ gain, Unusual demand for all feed stuffs to meet live stock needs owing to short- age of the 1030 corn crop s largely back of upturns in the rye market and other grain as well. Furthermore, there is evidence of a concentrated holding in Chicago December rye contracts, a hold- ing that traders who are short of rye to meet delivery requirments before the reason to be afraid of, Prices of December rye have been gaining fast on May of late, and al- though recently 7 'cents under May have now jumped to practically the same level. Meanwhilé, notwithstand- ing that the oats crop was of liberal size this season, the movement of oats to market has been relatively small, and promises to continue so as & result of heavy rural use. Further Gain Predicted, Frierds of higher prices for corn contend that prices being paid for fu- ture deliveries of hogs suggest 85 cents a bushel or upward is warranted on corn. However, despite a reduction of more than half a billlon bushels in the 1930 corn crop, as compared with last year, the receipts of corn at termi- nal markets since November 1 have been practically the same as in 1920, On the other hand, a good class of buy- ing has generally sprung up heretofore on setbacks in the corn market, and commercial users of corn are reported as watchfully awalting developments as to the crop movement during wintry weather, In regard to the wheat market, lead- ing trade authorities say that the last of the big bearish factcrs this season will be in evidence within the next few weeks—namely, the onset of the bulk of newly harvested wheat from Argen- tina and Australia. Seasonable appetite for packinc- house products is given expression in higher prices on nearly the entire lisi. GRAIN MARKET CHICAGO, December 6 (Special).— Wheat started firm today, reflecting the strength in Liverpool and unfavorab! weather reports from Argentina. Some pressure developed after the opening and prices reacted. December, old, opened 774 to 77'2; March, old, 783 May, old, 81% to 81l4; new, 81%. After the first half hous, December, old 77%; March, old, 78%; May, old, 8115: mew, 81%. Corn was lower under further lig- uidation by December longs. Decem ber, old, opened ’“li to 74; new, 74% March, old, 78 to 773;; new, 78'5; Ma: old, 793 to 79'4; new, 793, to 79% After the first half hour, Decembe:, old and new, 74%: March, old, 773 new, 78Y4; May, old, 79%: new, 797g. Oats were easier with corn. Decem- ber, old, opened 357: March, old and v, May, old, 3773 to 373;. After half hour, December, old, was 35%; March, old, 36 new, 37; Ma, old, 373, Provisions were steady. NEW YORK COTTON NEW YORK, December 6 (Special) — Cotton fluctuated within a range of about 5 points today, narrowest price changes of the year, and ended 3 points lower to 5 points higher than Friday. A feature. of the market was the nar- Towing of differences between the spot month and January contracts owing to January liquidation prior to notice day. Spots were advanced 5 points to 10.50. Cotten range: SHON ecember December. hew.. 1040 January, ‘old 10.48 Jlnul.l,rv. new. y ch .. M: High. Low. Close 10.30 Baltimore Markets Epecial Dispatch to The Star. BALTIMORE, Md., December 6.— Potatoes, white, 100 pounds, 1.25a1.7] barrel, 2.00a3.00; sweet potatoes, barrel, 2.00a3.50; yams, barrel, 2.50a3.25; 'bcnns‘ bushel, 1.50a2.75; beets, 100, 3.00 184.00; broccoll, bushel, 75n90; cabbage, ton, 20.00a25.00; carrots, 100, 2.00a4.00; caulifiower, crate, 1.25a2.00; celery, crate, 1.50a2.75; eggplant ,crate, 1.25a 2.25: lettuce, crate, 3.00a4.50; kale, bushel, 60a75; onions, per 100 nds, 11.25a1.50; peppers, crate, 1.50a: tur- nips, bushel, 1.00a1.2: bushel, 60a1.75; cranberries, 2.50a3.00; grapefruit, box, 1.50a3.00; oranges, box, 1.7683.50; pears, bushel, 1.00a2.50. Dairy Market. Poultry, alive—Turkeys, pound, 25 old, 18a23; chickens, Springers, 22a25: Leghorns, 18a20; old hens, 18a35; Leg- horns, 14a18; roosters, 13a13; ducks, 13a20; guinea fowls, each, 30a60; pigeons, pair, 20a25, Eggs—Receipts, 1925 cases; nearby firsts, 30; hennery white, firsts, 32a35: Southern firsts, 28: current receipts, 28. Butter—Good to fancy creamery, ,pound, 33a38: ladles, 2fa37; rolls, 20a | 25; process, 30; store picked, 15216. INCREASES SHOE SALES FROM ZERO TO $100,000 Special Dispatch to The Star. BLOOMINGTON, 1ll, December 6.— M. J. Cox of this city has no need to | fear either business depression or chain etores. He started in business in 1928 and has increased it each year since, un- til it will ‘reach $100.000 in 1930. His record is chiefly due to his inde- pendence of traditignal methods of ad- vertising and displaying shoes. he uses newspaper advertising and bill- Yoards, his chief reliance in building a permanent clientel= is personal letters and personal lectures to groups of women, Arrangements are made with women's organizations to assemble a minimum of 25 members, and he con- tributes to their treasury for the \od ilege of addressing them on the subject of their feet and shoes as factors in grace and poise. It is entirely non- sellin, Int-rosting. and women have come from 100 miles for the double in- ce“tive of lecture and contribution. 4 To disnlay the many tints offered for fingernai’s, " manicurists of Paris have trelr nails colored 'differently, in tints rang.ng from deep red to pink, yellow and orange or green, . ¢ treme scantiness of deliveries of rye on, g current month’s end seem to have good + [ ‘ v A ‘ While ®