Evening Star Newspaper, December 9, 1930, Page 15

FINANCIAL undred-share lots IM by t-h! lptter & (80s) (2508) ks to be sold in odd lots only. RS0 Ooen. Bieh. Low. Glote . High. Low. 1 l& 1084 10% 108 101% 101% 2% 162% 182% ~Prev. 1030.~ High._Low. 4 18 8w 9% 1% 1 2 % 10% 1014 % 2 9 161% il 1081 mu‘é‘.’.‘.fi Rl | T — LR com E (Y Fi m hb a lo mc u\ 11% nu Peop -, 19 PubSrv m: 1oime 1te 1ta IN 253 | 2y D:w.a-na Tates in men ayable In cash or stock. BPI l' in sl lflnl dlvl- e 32" ‘eiodk “Tht T8 2 ‘-#.:fi‘fi }é. lue 8% in stock. 4 Fates i ugn?“'r n auaztarly B¢ wedit-ABoubl STOCK AND BOND AVERAGES By the Associated Press. Prom Yesterday's 5:30 Edition. Stock ai Dividend Ratt Affiliated Prod 1 Alabama Pwr pf (6). 80s 14 iy wi 3 1% Winter (Bonjy) m 2714 Wilson Jones (3) % “Y" Ol & Gas. % Kolstér:Br tAm S| Zonite Products » 12 Lakey Foundry 2814 Léfeourt Real $1.85. 3% Lefcourt Real pf (3). 50% i Leh C& N1 (1.40).. 27 [sibby MeNell & L. . 30% Lily Tullp Cup (1%) 20% Loew’s Ine war). ... Lone Btar Gas & (1). Am Capital (B) Am Capital pf (3). .4 Am C P&L (A) (43). AmCPELB(108). % Am Comn P A (b10%) Am Cyanamid (B) Am Dept Store % Am Equities Am For Pow Am Foundrs ( Am Gas & B) ( Am Gas & El pf Am Invest (war).... Am Invest Ine (B) Am Lt & Trae (3%). Am Ma Am Natural Gas. .. Am Potash & Ch (1). Am Superpowr (40¢) 18t Am Supérp pt (6). .. Am Superpwr 18t(8, Am Thréad pf (25¢). Am Transfor (1.40). !5- Am Ut&G (B) (35¢) Anglo Chil Nitrate Angus Co Del pf A Appalachian Gas. ... Arcturus Rad Tube. . Arkansas Nat Gas. .. Ark Nat Gas (A).... B0 Ark N G cu pf (60c). 11 Armstrong Cork (1) .2008 excepting t-hoo'.-hgu state Ben pf(3) 0 agg Bectrio Bond & Share and i0gs 100 e Daily Average Produotion ‘g§‘4 Am Agri Chem w Am Br B fd shar LlKELY To BE AM PLE . THE EVENING STAR, WASHINGTON, D. C, TUESDAY, DECEMBER §, 1930. FINANCIAL, # A—“ GURB SHARES OROP| ™ TRANSACTIONS ON THE NEW YORK CURB M ARKET GRUDE OIL oUTPUT “ONHEAVY SELLING| sz B Py T DECREASES AGAIN Cities Service Are Well 3;‘%, ::z“ 3?':'%?.‘5.% it : sn Drops to 2,226,936 Barrels. T TURKEY SUPPLIES g s % | Little Change in Prices Noted} Here—Inorease May Be Announced. By the Associated Press. TULSA, Okla. December o-—uln average crude ofl production in the United States took another sharp tufh- ble last week, dropping to 2,226,080 Barrels, the Jowest level since the week ended August 28, 1926, says the Oil aid Gas Journal in Its weekly report. The decrease -u «n«o barrels. hmt in the downward move- ment decline of 34,890 “fi' whieh Placed the State's ouipuc at uction of the md-mum incl M!.-z both m O 00 0 O it 08 STOCKS. P L o Y = 1 . Mass Utl] Asso Mavis Bottling Mayfow Asso ( McCord Rad&MIg n. Mead Johnsof(14%) Memphis N G (170e) Mer & Mfg BA (1%). Mesabl Iton. .. Met & Min 1 (1.40) Mid St Pet vte A. Mid S8t Pet vte B, Mid W Bt Ut (1§%).. M1 West Ut (b8% ). Mid West Ut A war.. Mid St Prodn (3)... Miller & Sons (2).... Mo Kan P L (b10%). Mo Kan P L vte. .... Mock Jud Voehr ( Montecatini deb rts Moddy's 18 pt pt Mount Prod «1.80).. Nachman Spring. American Co Nat Aviation. . Natl Banksve (§ - Whblesale @ealers in poultry, chiefly lh. commission house distriet, this | ihg displayed an active intérest in | m pmlpe fot turkey supplies for the | hing Christmas holiday séason. ing plants in San Antonio, Tex., | where thousands of turkeys are to be | for markets in the East, are | to have dtarted active buying s yesterday quoted prime stock | active at 20 and lll e"a"'siw olg toms | bringihg 5 cents less and No. m: 10 cents less. ieks quoted were slightly in advance o( quohd n the opening of the m{m’ R g i to 3 sug- 4| gested: by local dealers this morning fat this mly mean a slight advance | over pheea obtained during the Thanks- (lvin: m-rnv.. reason o anticlpate a mmw ol turk!n for the approaching y trade, according to local whole- mn only an unantidipated break Akt possibl ekt S Ay eonelderable exien. - p to sink into new low Natural Gas pre- new rinimum in its classi- ich during the forenoon was e P o e pauncs, Asso El Ind Ltd 30c. 6 & new low mark. Ameri- Assu GRE A (at2.40) 65 Ass0 G & El ctfs (8). T6s e emioel. Asso G&BI pur rts. . Asso G&E (A) ab rts Atlantie Secur Corp Atlas Utll Corp. Atlas Utilities w: 4 Auto Voting Mach e i (Copyright, 1930. Standard Statistics Co.) PENNSYLVANIA RAILROAD PLANS GRMN MARKET CHICAGO, December 9 (; -— wmtmrkn%nmu% strength In Hl“l%ool but pressure almost Imnuuhull ek T 3 o * rl e -m lon. e points, but Shares & 5.’.. period m rehfinb inn:tlve ahd off oniy Der;mmm w bottom level. flfi: - lunapolnnon POTATO MARKET, A Dambtf P '(’“Url'llhed Seta, Mo, 1, 1706150, Hw.; T10a1.387 , fo. 3, 1.30; Colorado MoCiures, 1.608 3 Soisiumnisd & FEERE ¥ & o 7% % % 3353 [ e TR REET P E e 2533332208323 2eS223es: 3o2ga3es i - 232333238288 S anessae 53 I rEres 3233532 33330323303833 523 vessszs 20308 avzsSeaeSsnsii82edE =& F ¥ FEEFE 32538 0=: RS FF SEE B E - 5 =& F i 5 T eI, o 3! F 3 & e B S e AN 10 G G - 34 > i Se ..- 222, ) s e s323ssesSeiszsiaras: FES FESEEE 2 P RFSPSE SFF O siepe PSS FFSEES ¢ 3w, ré!al’; ¥ S S, & gyt <ee K skl SRS glon] e PN . ETm! & P mywy o B TR T W . z 2223332832 2225283332 228328, oo, 38! FERISEES 3555283 SRR R - >>RREL! & 38322 b LHE Sssgs! - 22 ¥ B3 i e ) ! R 29835 $ 5 N EEA geersnsasasees: arezssizeass & ¥ B 5 rSG E3aszasaees8n3zss! A | G % Crown Cent Pt néw Intl U] pt of (7). 3% InterstateEquities. Auto Vot M ev pf pt. Aviation Cor of Am. Aviation Securities. . Axton-F Tob A 3.20. Bell Tel of Can (8) Bliss (E W) Co (1). Blue Ridge Cp(p20c) Blue Ridge cvpt(.n Bourols Inec. ... Brazil Tr&Lt(b8% ). Brill Corp (A) (65¢). Brill Corp B. Buckeye P L (4) Bulova ev pf (3%4).. Bunker Hill & 8 163 Bureo Inc ev pf (3).. Burma Corp (181c).. Cable&W pf rets 19e Canada Marcont. Carfb Syndicate. Celan ct 1st pf (17%) Cellulold Corp. . Cent Pub Sve A a1.76 Cent&Ewn Ut pl(b6). Cent St El (k40e). .. Centrifug Pipe (60¢c) o 3 - o Chain Stores Stoek Chat Ph Al n¥ (50c). » L) Cinn G&E pf (5) Cities Serv (g30c Cities Serv.pf (6 Cit Sv pf B (80¢) . R emc AN e A S R B G Columbia Pie (f1 %). Col Piet vte (f1%) Com Bdison (8): Comwlth Securities. Com & Sou war-. Com Wat 8v (b6% Consol Alreraft. Consol Auto Merc! Cons Auto M cu pf. Consol Copper. Cons Gas Balt v Cons Gas Util B vtc. Consol Laundries(1) Consol Retail Stores Contl Share cv pf (6) Cooper Bessemer (2) Copeland PrInc A... Corp Sec Ch (6% ). Cor & Rey pf A (8) Cosden O} v - e - Te o (ot PR TPN Crocker Wheeler. Cuban Cane pr opt w. Cuneo Press (234)... Curtiss Wrizht war. Davenport Hos (3).. Dayion Atr & Sne. Deere & Co (£1.20).. De Forest Radio ... Delsel W Gilb (1%). Detroit Alrcraft. ... ond Match new. Mateh cu pf (n). Douglas Airer: Dress SR (A) (3% ). Dresser Mfg (B) (2) Driver Harris new. . Dubilier Cond & Rad Durant Motors. . Duval Tex Sul wi, East G & F Asso East St Pow B (1 East Uti] Asso (2 Elec Bond & Sh (b6) £l Bond & Sh cu pf § E] Bond & Sb of «6). Elec Pow Asso (1).. Elec Pow Asso A (1) Elec Shareholdg (1). El Eharehold pf ¢ Empire Corporat Emp G&F eu pf (8).. Emp Pwr pt (14.60). Engineers Gold. .. .. Europ E Ltd A (60c) Europ Elec deb rts. . Evans Wallow Lead. Ex-cello Air & Tool. e Finianing . . rdo Sugar. . Ferro Enam A t4% Flintkote Co (A) Ford Mot,CanAt Ford Mot France Ford Mot 1.4d 87 %e Foundation For Sns. Fox Theater Cl (A). Franklin Mfg Co.... Galena OIl Corp. al Aviation. 1 Baking. Gen Baking pf (3) Gen E Ltd ret (50e). 4 Gen G&E cv of B (6) 2508 Gen Laundry Mach.. 27 Gen Theat Eq w.l..... Gen Thev pf w.L.(3). Gen W W&E A (2).. a Pow f (6).. r Harvn (2).. Glen Alden Coal (3). Globe Undwritrs 308 Gold Coin (new) Gold Seal Elee n Golden Center. Goldman Bach T C .. Gorham Ine pf (3).. Goth Knithack Mch. Graymur Corpn. .. Grt At&Pac nv 15.25 GrA&PTOIT). .. Great Lakes D D (1), Grief & Br pf X (1 Groc Btrs Prod v.t. Guard Fire Asso (2). Guif Ofl of Pa (1%) Hand Page p pf t2bc. Happiness Candy. .. Hecla Minin Helena Rul Hudson Bay M Humble Oi} ('l“ Hygrade Food Prod. (mp O1) of Can (80e) nd Pipe L new(t3). ind Ter Illv O'I :A) . indus 1 Insull Ul(nlfl%%). s Co N Am (13) . Intercoast Trade (1) Intercontinent Pet n int Petroleum (1). ., Internat Super ¢ Int. Utilities 4 nternat U1 ¥ g§=...:s....§=.... 1%, | 147 210 34 15% 238,08 - ~83 & % Rich Rad eum pf. . Nl\fi 18% 5% % 204 4 2% 504 %« Stand Oil Ohlo (2% ) B% Uity Equities. Nat Food Prod (B). Nat Fuel Gas (1) Nat Investors. Nat Pub Sv A (1.60). t Sh T Sec A t50e. Sugar NJ «2 Trade Journal Nauheim Phar at. . Netsner Bros bt (7). Nelson (Hérman) (1) New Eng Pow pf (8) 1 New Jethay Zinc(4}) 1 New Mex&Aris Land 10 Newport Co (2). . N Y Hamburg (2%) NYSteamCph wi. N ¥ Transit (11.80). Niag-Hud Pow (40¢) ...5_...._““........... oyl e o S i L s Sewr ng Nom B Cor Noranda Min: No Am Aviat A whr.' Nor Central Téxas. . Nor Burop O11 Cor Nor Ind Pub 8 pf (8) Nor PL (16)., Nor St Pow A Nor St Pow.pf (6) Novadél-Ang (14%). Ohio B Tel eu pf (1). Ohio Copper. . Outboard Mot (A Outboard Mot (B)... Pae G&B of 1%) Pac Western Oll. ... - CYS=T N !:... 94 Patterson Sarg (2). Pender DGr A (8% Pennroad Cp (20e). Penn Wat & Pow (3 PeopL&PA Petrol Corp war hilip Morris Ine. hilip Mortis (A) Plerce Govérnor. Plymouth O11 (3) Powdrill&Al (+4%). Pratt & Lamb (15).. Prince & Whit (25¢). Prince & Whitely pf. Prod Royalty (£1) Prudential Invest Pub Ut Held (60e. Publie Ut Hold war Pub Ut Hold sw §0e. Pyrene Mfg (80e)... R R 8h Corp (28e).. Rainbow Lum Pr A. Rainbow Lum Pr B.. ed Ba Bk s I8 o8 > Lona Relter-Foster Lanvaen aan Reynolds Invest. Rich Ofl Cal pf nqn Roan Antelobe Min. Rolls-Roy of Am pt Rossia Int Corp. Russek's Fifth Safe Car H& L (8 4 Safeway S I(ZGIIC) St Regis Paper (1). rod (2). z w 3 Seaboard Utl] (50e). Sec Corp Gen .uu). . Seg Lock & H Selected Inlu-m-. Selec In all ctfs(4%) Select Ind pr (84).. Bentry Bafety Cont.. Shattuck Den Min Shenandoah Corp e Samolunl iRm0~ e anS SoCal Edpf C (1% Southern Corp. SouthidReyalt; ) 8 W Gas Utliities. .. Stand Invest Cum pf Standard Motors. ... Stand O1] Ind (234). Stand Oil of KY (13) g8ak. 560 Stand O Ohlp of (7)., Stand P& L B (2)... Stand Publie Srv A, Starrett Corp pf (3 Stein Cosmetic Strauss Roth Stutz Motor Car n, Sun Inv..... Sun Inv pf (3). Sunray O11 (40¢). Swift & Co new (3). Swift Intl (13%)... Syracuse W Mch(B). Tampa Electrie (32) Technieolor Inc Teck Hughes (60c). . ‘Texon Oll&Land(15) ‘Thateh jec Corp. . Tobacco & All Stk T - TOTOTOTPIDPRe ‘Tri Utilities (21.30). Summmdn e R o 0). Tubize Chatel (B)... Ungerletder F Corp Unlon Am Inv Unien Tobaee Utd Carr Faste: Utd Corp (war) Utd Dry Docks Utd Found b2-35 n. Uud Gfil Corpn. Utd war). Uta GI' of (7). . Utd Lt & Pow A (1). Utd P&LB(at1.02%) Utd Lt & Pow of «8) Utd M1k U S Dairy (A) U 8 Elec Pow ww. 8 Foll (B) (1), 8 & Int Seaur S & Int See 18t (§) S L S ...:..::?...a..,. ~s.§ ines pf ¢1). .. & Over ctfs 28% e Utd Verde Bxt (3).. Util Pow & Lt (a1). Utility & Ind Ut & Ind pf (1 Seaman M = oo mad Bon LTI ] 4% 2% 4 104 ect pricés %o any Mllfl! DIVIDENDS DECLARED NEW YORK, December 8 (#).— Pe- Rate. riod. 5';'"“::)“;,':.;« Q' Dec. n Co 8 Mo s Bincan Mills v! 378 Filene’s (Wm) me « nom-mm ulnlnl 30c Hook Dri S04 Rteet" Con "h i Stix Baer Full pf.433ic [ 58 Tavior pf. Toledo T Toronte My (Hazel Toledo Crum & Markie | T Premier Gold Min Real Bik Hoslery U8 oil A Do Regular. Pay. able, . 20 m e iE A R e e SN e TE9Y 739 SYRTOTER 7. MNRONNNNN ON NV ONY ¥ Y OO0 Y OO ~ 5 ] :m"-t“i ., B85 - BR2TES wow 2 s L Spp P P BB ¥ wd wwe - - o5 Trust. orster. king Haselton! g FERR 2% W Initial. pLI% .. Dec. 1 'I‘?: L] ‘* lg Jll' e e 8 g g |1 Gtk o pugm i (Rieh) . rum 1% stoel e i AGREE TO SPEND $75 ON CHRISTMAS GIFTS Special Dispatch to The Star. RN WY N ammnm o Hidrs. of record. Dec. 16 SEEEEEE Sow SEGEE ¥ 8 G52 S 3 EE 3 2. SSNRNCSNIEOY . S8 EEEE B FIGHTON1.C . C. STOCK RULING |3 [Carrier Will Resist Order to Dispose of ": $106,000,000 Holdings in Wabash and Bpeetal Dispateh 16 The Star. NEW YORK, December 9.—The Pennsylvania Railroad has planned to contest the order of the Interstate that it avm On Saturday the an r, under the act, road and its wholly owned Ml! the m"‘”fim%’&fi" s pet nt owners| al per eemmzwmmp ‘Etmqh Valley held by the lll'zr‘ 'l'he com- panies have until June 3 to comply with the It Whs n-ne yesterday that the Penfisylvania’s resistance to the order would take the form of an application in the ml District Court a stay :gumt the commission’s order. ‘x‘henu. 68 directly 1o the United States would n] .DOoun. This would provide the first test of the commission’s applica- tion of the Clayton aet. ission iss: yton lnu-tr‘:xen lvania Former Rulings Accepted. Other railroads inst which the | orders under the after '.he New York Central, the Balti- more & Ohio and the Nickel Plate had o mbt conttol of the Wheeling & Lake mm‘:ig: { Wh ’:‘i:s Sock | and of ee] a two before the citation was issued, e Nickel Plate met the wishes of isston hy" placing its Wheeling | upon e , the Baltimore & Ohio ivest tself of control in hmlv It did not con- DUt asked for an exten- h to comply with it. est was granted. out by railroad men past the ‘Wabash sed lt high prices and their quo- fnow are the lowest in ys:; lt cvery effort to postpone compliance wnh the order. If sale of the stocks would ferred for several thelr in all probability would improve. Ruling Bars P. R. R. Affiliates. One possibility that was considered was that the Pennsylvania Massachusc Investors Trust Lehigh Valley Road. Annuhl feports, asked for juris- g:uon over just such companies as the that the Penu{ Iullmi\l 'fi" to séll con- bash uld '-he uhh‘h Val- M other raiiroads with consolida- Ilonphmlnthlu butmmue lroads Would be un! Yo pay the nnh the latter's cost for con- the roads. Should the trol Pmmyl- vania’s grip on the Lehigh Valley be d | released.” the m-d. it u thought, mm board to_the Ch ‘he N incre: and t-h assurances !rom the New York Central of control in the Reading-Jersey tral System. ‘The Wabash and Lehigh Valley are the two most important roads in the fth trunk line in the East proposed by the commission in its final conlohdlflon plan. It is sald, however, that the com- mission would waive this plan for a fifth system if the four Eastern 'i‘:.k llnn would agree among four-party blah. Atterbury Issues Statement. Gen. W. W. Atterbury, prestdent of the Pennsylvania, muthorized yesterday | the following statement: The deéiston of the !nuntlte (btl § Rairona 5, lyhlhh Railredd Co. & > e & Ohi to vania Ob. to o the stock of & Lemsh v-uay Railroad and the Wal acquired flway by the Pennsylvania Ce was not unexpected, as it followstwo prior decisions of the Interstate m merce Ct in connection with as er companies of the ltoc & Lak Ii‘h d R«ll.lwu 'n!ole t'o isions nmnflm‘:‘ 'fiemn 50 thn thn viewl nzqnm lon procem in those cases a llm 'hlpc:'t it e Penns; ;‘memx:nr tecefved E‘dicm a] ved to MONEY lAlm. money wis steidy Sodey &L 2 per somn y at 2 per eent, ,meo cial renewal rate. Bome off | were made i the at 1 cent, the limited. mand was t. The New York cof market was rather quiet, town market was active. ork were steady and 1 paper Rates in Hew m bankers' fceeptances , with the -upnly of new bflh Ill- fiea. Asking ra! unchanged. s %io'll l"fi 81 nh l:'nl 'II my. old, 81 to old. , Ol‘. “lfi. vl‘fiou were unchanged. usmou YORK, December § (Speeial) ~— toda L] Sys Y ral interést hlve ‘ol L | houses 3‘:‘ . E"omo ke received . Cen- | Advantages in the Shoreham Building Loc:tion_ OU_ find youtself right in the heart of ~financial - and official W a shington— when you locate offices in The Shoreham Building—in the midst of the activities of the National Capital. Con- venient and prominent— with deserved fame for its splendid int- ments and = consistent service. Let @s show “you available accommoda- tions—single rooms to. elaborate suites. MSKEEVER £ GOS S5 Representative of the Owners Swokeman Invesruzwr Oosvawe Rental Office Room 520 15th at H National 5648 LEADERSHIP HOW MUCH OF YOUR CAPITAL IS HANDED BACK TO YOU— IN THE GUISE OF “DIVIDENDS"? Since 1924 Massachusetts Invessors Trust has considered income as “‘dividends in cash from stocks owned, interest in the bank or on call, or stock dividends that d in lieu of cash.,” on mon were Rights, stock dividends, stock uplnt-upn and profits from the sale of securities, are capital gain, and as such should be retained in the interest of the shareholders to increase their invested capital and income yield. Massachusetts Investors Trust has adopted this policy of true protection to its shareholders, believing that the value of investors will learn those trusts which do not distribute capital in the guise of dividends. This conservative management pol- icy of Massachusetts Investors Trust has set a standard for other re- putable trusts,: Send for current Quarterly Report gu]flzzl [uvu-mw Ban trg WO?WARD BUILDING . WASHINGTON, D.C. ' POINTS OF LEADERSHIP