Evening Star Newspaper, December 10, 1930, Page 15

FINANCIAL. " PETROLEUM SHARES| LEAD CURB DECLINE! Utilities Also Sold Freely. Other Groups Also Sell Off. FINANCIAL. *xe A—15 SUEAR RESTRCTON PLANS ARE PUSHED Conferences in Belgium May Result in Definite Method of Curtailment. Stock and Dividend Rate. U S Fin Holding. U S Finishing. . U § Foil Co B ™ U S & Int Secur. 471 U S & Int Sec 1s 128 U S Lines pf (1). 14% Uuse& 5 2814 U S& Over ctfs 28%¢ 3614 US Playing Cards(4) 2| 6% Utd Verde Ext (2)... 974 Univ Ins (3%6). 3 Utah Apex (50¢). ... Util Pow & Lt (al).. Utility & Ind. ... Utll & Ind pf (1%) Utility Equitles. Vacuum (14%) Van Camp Pack Vie Finan Cor (40c). WalgreenCo........ FAVORABLE STEL PROSPET IS SEN Iron Age Review Says Indus- | try Has Shown Gain in_ Confidence. Sales— ~Prev. 1930.~ Add 00. Open. aulh. Low. Close. | High. Low. 1 5 1 1 | 1% 641 4w 19 Note—All stocks are sold in one hundred-share lots excepting those designated by the letter s (80s) (250s) which shows those stocks to be sold in odd lots only. ~Prev. 1930.~ Stock ana Bales— Dividend Rate. Add 00. Open. High. Low. Close Aero Underwriters.. 1 7% 78 TH 8 10% Affillated Prod 1.60. . 10% 5 Ainsworth Mfg (1).. & 10% 1% Alr Investors vte, 1% 108, Stock and Dividend Rat, % Walker (H) (1 1% —~Prev. 1930.~ Stock and Sales— —¥rev. 1930.~ High. Low. Dividend Rate Add 00 Oven. High Low Close. | High. Low. 71 36 Insull Ut(th103;%). 1 ' 37% 37% 874 37%| 13% 48% InsCoNAm (t3)... 3 B1 51 50 715 Insurance Sec (70e). & Ti4 Tig % % Intercontinent Petn 6 47 Intl Hydro cv pf 3%. 258 Intereont Pow A (2). 68 int Petroleum (1)... 16 Internat Super (f1). 2 Int Utilitles A (3%). 81 Internat Util (B) 2 Intl Util pt of (7)... KOs 7Y InterstateEquities.. 36 £ fron Cap Copper.... 1 % Itallan Superp war.. 19 1 Jonas & N cu pf (3).. ™" Kolster-Br (Am Sh). Lackawanna Sec (4). Lakey Foundry Land F & Clk (1413). Lazarus F& R Co. .. Lefcourt Real t1.85. Lefcourt Real pf (3). Leh C& N n (1.40) LeonardoO! Libby McNell & L... Lion Ofl Ref (2)..... Loew's Inc war).. Lone Star Gasn (1). Long Isld Lt (55¢) Long Isl Lt pf (7)... 30s Loni Isl cu pf B (6).100s Loulsiana Lan & Bx. 1 MacMarr Stores (1). 3 Mangel St pf (6%)..150s Marcont 1 Mar (38¢). 12 Margay . Marion Steam Shov.. Mass Util Asso. . Mavis Bottling. .. ... Mayflow Asso (32).. McCord Rad&Mfg B. % 36 | 126 .es 6 | 20 Willlams R C (1.40).. 10%| 35 ‘Wil-Low Cafeteria pf 124 | Winter (Benj) 55 Wilson Jones (3). Worth Ine (A). Zonite Products ¢13. RIGHTS. Com Edison..Feb 2 Peop GL&C...Jan1§ 2 Dividend rates in dollars based on last quarterly *Ex dividend. 1P in cash or stocl £Plus 5% in stock. & | IPlus 2% in stock. k Plus 21% | n Plus 8% in stock. 5% 47 131 14% 234 3614 6% S & | Allied Mills (80c) oy 150 Aluminum Co of Am 650 % 1% Amer Austin Car. 10 5 AmCapital (R) ... BY JOHN A. CRONE. 27 AmCP&L (A) (a3), @pecial Dispatch to The Star. 6 AmCP&LB (10%). NEW YORK, December 10.—Pivotal 13% Am Com P A (b10%) mvleum and public utility shares, as ® AmCyanamid (B) as miscellz.. ous industrials, were 2 Am Dept Stores ®old from the opening gong on the curb 54 Am Equitie: exchange today, resulting in an active 184 Am For Po but weak session. 4% Am Foundrs (b ‘The usual market leader, Electric T4% Am Gas& El (21)... Bond & Share, was off about & half 80 ~Am Hard Rub (4)... Point, but it was outdistanced in point 4% Am Invest Ine (B).. ©f volume of Goldman Sachs, which in 41 Am Laund Mach (4). the first hour alone piled up more sales 40 Am Lt& Trac (2%). * than Electric Bond & Share and Cities % Am Maricabo. Bervice combined. Citles Service eased §4 Am Natural Gas about a half point as Goldman Sachs 1% ‘A Pueumatio 8y... 1 d a small fraction. 10'4 Am Superpowr (40c) 149 Overnight news in the oil industry: SN A Buretipr ). . 1 . was of mixed character. Although 91 AmSupernwrilst(6) 4 weekly production hit the lowest level 2 AnIATETOR (140) Sk 1*: mml’ . Jears, there was another gain pil Q:;;fi%}:’;.‘flf‘i’ gasoline stocks. Gulf Oil scraped a e new bottom and the active standard T 0% olls, such as Humble, Vacuum, and o IRt Standard Ol of Indiana, declined. S PNINChIRE e Dealings in_the first two hours @mounted to 219,600 shares, a sharp \ contrast with the 327,400 shares traded 4 4 sree 2 swe B . By the Associated Press The eyes of the sugar world are nnuai | fOGuSed on Beigium, where negotiations s &% In stoex |AT® MOw under way between the pro- able in stock. e Adjustment 4ivi- | ducing nations of the world to restrict Pl in stock. b Plus 1% in stock. | output. 10% in stock. mPlus 3% In stock Conditions in the industry are best described .as chaotic, due to ever-in- creasing production far and beyond world consumption and to an accumu- lated surplus variously estimated at from 8,000,000 to 10,000,000 tons. World production for the year 1929- 30 is estimated at approximately 31,- 245,000 tons, with normal consumption in_the neighborhcod of 27,500,000 tons. It is for the purpose of curtailing fhis preponderant overproduction and | to devise a schedule that will use up | the present surplus over a period of the next five vears that the present | conference has been called. Already | the Cuban-American sugar-producing | group has reached agreement with the | Javanese producers whereby exports of | the commodity will be limited for five | years, and also for the segregation and | gradual dispersal of stocks on hands. These two groups are the principal of- P ared BanBunoareansaan STOCK AND BOND AVERAGES By the Associated Press. Prom Yesterday's 8:30 Edition. 1 508 STOCKS. 50 20 Industrials. Rails. Today. .. ..125.3 Previous day. Week ago Three years ago, High, 1930, Low, 1930, 22% Armstrong Cork (1). in the same period Tuesday. Stocks chose to heed all unfavorable factors and ignore favorable develop- ments. The omission of the 50 cents common quarterly dividend, due at this time on Gleaner Harvester Combine, caused that stock to sink to a record low level. Payment of the regular quarterly dividend on Glen Alden Coal, however, failed to halt its decline B'Wanna M’ Kubwa eased despite the . smnouncement of a merger of that com- pany with N'Changa Copper Mines and Rhodesian Congo border concession. Bwift & Co. and Swift International, which have enjoyed comparatively good sales this year, each lost more than a point. ‘The softness of rails was transmitted $o some of the rail holding companies. Pennroad Corporation slipped to a new low. Then some of the utilities, such a8 Electric Power Associates, Interna- tional Superpower, New England Power referred, United States Electric and ng Island Lighting, tumbled to new minimum marks. American Cyanamid B was one of the first active industrials to record s new low for 1930. It was soon followed, however, STOCK EXCHANGE OFFER. CHICAGO, December 10 (A).—Asso- .elated Telephone & Telegraph Co. to- day announced a plan by which holders of class A stock of the National Tele- phone & Tel h Corporation may exchange their shares for Associated Telephone & Telegraph Co. shares. The exchange offer, for the purpose of simplifying the capital structure of the Associated Co. and its subsidiaries, 18 subject to cancellation without notice ll::’rch 1, 1931, nder the exchange plan holders of elass A stock resident in the United States may receive one-half share of the 88 first-preferred stock and one-quarter share of the class A stock of the Asso- clated Telephone & Telegraph Co. The combined call price of the Associated stock received in the exchange will be e';u:}l to $83.75 pe;;lshare. as compared e present call price of National stock of $60 a share. —_—— POTATO MARKET. . CHICAGO. December 10 (#) (United Btates Department of Agriculture .— Potatoes—Receipts, 45 cars; on track, 191; total United States shipments, 513: 130 occasional sale, ! cClures, 1.50a1.80. ane . ih. T Abbore o rs2i08" ! 52 10302 G & E 55 '28. 96 . B &L 6s 206, 1031 T Roll Mil a5, 97 Amer Roll Mill 55" '4s 9313 Amer Seating 65 '36. 80is Appalach Gas € . 55 1037 510815 B SRS B R S b b LR E R ik L N3BRBRI gen Laundry ‘6 Georgia_Power 5s Gillette Sa <Susagssane TURLE TP s 4 A ‘5T ern_N_G 6 Southw G&E 55 Staley' Mg s ‘42 & Rubber ‘65 Valvoline Oil 7s '3 Van_Sweringen 65 ‘35 1Va Pub Ber Sias '46 A Waidorf-Astor 7s West Penn 55 2030 ‘Westvac _Chl 5'3s '57 1021 Wiscon P&L 55 E '56 100! FOREIGN BONDS. Buen Air Pr 7Tizs 47 c: inion 45’80 9 :::z:ss:?:::ssm o # 3! £ St i 322 HE 3% Art Metal Works. ... % Asso Dyeing & Prtg. 4% Asso El Ind Ltd 30c. 16% Ass0o GEE A (a12.40) 89 AssoG&EDf (5). 75% As80 G & El ctfs (8). 1 Asso Laundries. Asso Rayon 5 35 L on ).. 19 Asso Tel Util (b8%). T4 Atlantic Secur Corp. 10 Atlas Plywood (2) 4% Atlas Util Corp. . % 14 Auto Voting Mach.., 17% 5% Auto Vot Mev pf pt. 55 22 Aviation Cor of Am.. 49% 36 Axton-F Tob A 3.20. 18% 5 Bellanca Afreraft... 18% 3% Blue Ridge Cp(p20¢) 44 30 Blue Ridge cvpf(a3) 189 176 Bos & Albany 8% 9% 3% Bourjois Ine... 5514 20% Brazil Tr&Lt(b8%). 5% 1 Brill Corp B. 5% 1% Br Celanese ret: 2415 Buff N&EP pf (1.60). 20 Bulovacv pf (31%) % Burco Inc (war). 2 Burma Corp (13Je).. 6 Butler Bros (30c). 1% Bwana M Kubwa 234 Canada Marcont % Carib Syndiea: . 22% Carnation Co (J1%). 48 Celanctistpf (17%) 90% Cent Il Pub S pf(6). 143 Cent PubSve A al 76 164 Cent&Swn Ut pl(b6) 8 Cent St El (k40c). .. 614 Chain Stores Stock. . 14% Chat Ph Al nv (50c). 39 Chicago Cp cv pf (3) % Ch Nipple Mfg (A) 16 Cit 874 Clt % Clark Lighter (A)... 44% Clev El Illum (1.60). T4 Clev Tractér (1.60) 2 Colon Ol. 22 _ Colts Pat Fi 54 Col Oll & Gas vte. . 15% Columblia Pie (£1%). 19% Col Pict vte (£1%). ‘% Colombia Syndicat. 1% Com & Sou war. 9 Consol Alrcraft % Consol Auto Merch. 11% Consolidated Coal. 2 Consol Copper. . . 824 Cons Gas Balt (3.60). 4% Cons Gas Utll B vtc. 40 Cont Ch Cpev pf (3). 481 Cont Shares pf B (6) 25s 49 Comtl Share cv pf (6)204s 20 Cooper Bessemer (2) 2 4 CordCorp........ 14% Corp Sec Ch (b6%) 5 Corroon & Reynold 1% Cosden Ofl. .. 914 Courtaulds Ltd 45¢ 3% Creole Petroleum % Cresson Consol (4c). 7% Crocker Wheeler. .., % Crown Cent Pt new.. 6% Cr Cork Int A (1) 85 Cuneo Press pf (6 % Curtiss Wright war. 15 Cusi Mex Mining. ... 4% Darby Petrolm n (1) 1% Dayton Alr & Eng... 40 Deere & Co (g1.20) 1% De Forest Radio. ... 3% Derby Oil Refining. 1% Detroit Afrcraft. ... 11% Diamond Match new. 244 Dia Match cu pf (o). 12 Douglas Aircraft (1) 49 Dow Chemical (2). SSR(A) (3%, ser Mfg (B) (2) Driver Harris new. . Driver Harris pf (7). Dubllier Cond & Rad 2 Duke Power (J15)...1208 1% Durant Motors. . .... 11 Durh Duplex prpt... 2 Duval Tex Sul wi 19% Fast C & F Asso. 144 East St Pow B (1)... 2% Fast Util Inv (A).... 4'% Etsler Electric Cor 3% Elec Bond & Sh (b6). 8% 91 ElBond&Sheupf§ 109% 102% El Bond & Sh pf (6). ec Pow Asgp (1).. 11 Elec Pow Asso A (1) 19% El Pow & Lt op war. Elec Shareholdg (1). Slnc An-v (2).. pire Corporation. s o N S2eSnan Mo oliiaana [SPAUTS » H - > - P Empire Fire Ins. 81 EmpG&F cupf (1).. 31% Emp Pwr pt (14.60). 1 1% Europ Elec deb rts. . % Evans Wallow Lead. % Fabries Finishing. .. % Fageol Motor. 13 Fairchild Aviatior & Falcon Lead. Federal Baking Shop Ferro Enam A t4% .. 1% Foltis Fischer Corp. 181« Ford Mot,CanAt2.10. 64 Ford Mot Franc 10 Ford Mot 1.td 37 %¢ 3 Foremost Fabrica. .. 214 Fox Theater Cl (A). 14% Garlock Pkg (1.20).. 614 Gen Alloys (80c). ... 6ix General Aviation i% General Baking 27 Gen Baking p! 33% Gen Capital C 9% Gen E Ltd r 15% G 42% Gen G&E cv pf B (6) % Gen Laundry Mach.. 9 GenTheatEqw.l... 30 GenThevpfw.i(l). 95% Georgia Pow pf (6).. 7% Gleaner Harvn (2). 53 Glen Alden Coal (3). 5505 16% 6% Globe Undwritrs30c. 12 5% % Gold Coin (new) 6 % Gold Seal Elec n¢ % Golden Center. 7% Goldman Sach . % Goth Knitback Mch. 264 9% Gramaph rets (20¢) 2 260 155 Grt At&Pacnv 15.25. 30s 60 35 Grier Stores pf (7).. 1% % Griffith (DW) (A).. 14% 3% Groe Sirs Prod v.te.. 1 70 Gulf Oll of Pa (1%). 1 Hartman Tobacco. 13% Hazeltine Corp (2). . 8% Hecla Mining 1) .. 5 Hollinger Gold 165c. 3% Hudson Bav M & S. 66% Humble Oil (123%). . 24 Lveracde Food Prod 4% Huyler Strs of Del. . 15% tmp Ofl of Can «80c) 19 Ind Pipe L new(13), 174 Ind Ter (11w O1 (A). 8% Ind Fin ctfs (b10%). B0 i N o 0 D A B i ORI 08 it DO N R RO 30 SO IS N 30 B9 e 8 1 o w2 [PIPPVPPTPTOTING: 03 £ 3 121% 7 46% . 150 3% 16% | 119% 17 16% # 2% 2% 2% Mead Johnson(t4%). Memphis N G (t70¢) Mer Ch & 8 (1.60). ... Mer Ch & Spf A 614. Mer & Mfg SA (1%). Mesabi Iron. Met & Min Inc (1.2 Met 5 to a0c Strs pf. Alid St Pet vtc A. Mid 8t Pet vtc B Mid W St Ut (1%) Mid West Ut (b8%). Mid St Prod n (2). Midvale Co (4).. Miller & Sons (2). Mo Kan P L (b10%). Mo Kan P L vto. Mount Prod (1.60)... Nat American Co, Nat Aviation. Nat Bond & Sh(Tic). Nat Fam St pt (2)... Nat Fuel Gas (1).... Nat Investors. Nat Pow & Lt pf (6), Nat Pub 8v A (1.60). Nat Sh T Sec'A $50c. Nat Sugar NJ (2)... Nat Trade Journal Nehi Corp pf (5% ) Neisner Bros pf (7). 25 ‘ew Eng Pow pf (6) 180s New Haven Clock (1) New Jersey Zinc(t3) New Mex&Ariz Land Newmont Min (£4) Newport Co (2). N Y Tel pf (64). Niag-Hud Pow (40c) Niag-Hud Pow A w. Niag-Hud Pow B w.. Niagara Sh. Md(40¢) Niles-Bem-Pd (13).. Nipissing (30c). Noma El Corp (80c). Yoranda Mines. ..... Nordon Corp Ltd. ... No Am Aviat A war. 0 Am Cement. Nor Europ O11 C r St Pow A (8) r St Pow pf (6). N W Engineer (2). Novadel-Ang (+414). Ohio B Tel cu pf (7). Ohto Copper Oflstocks Ltd A 50c.. Ofistocks Ld B 50c. . Pac G&E 15t pt (1%) Pac Western Oil. ... -Pandem OIl. ... Pantepec Oll. . Paramount Cah Mfg. Parke Davis (1165). Pennroad Cp (20¢).. Penn-Mex Fuel (3).. Peop L. & P Aa240.. Phila Co new (195¢). Philip Morris fne. ... Philippe (L) B 11.80. Pitney BP n (20c)., Pitts Forg (1.60).... 4 Pitts& L E (110)... Plymouth Ofl (2). Pratt & Lamb (t5) Prince & Whit (25¢). Prince & Whitely pf. Prod Royalty (f1).. Prudential Invest. Pub Ut Hold (50¢) Public Util Hold war Puget Sd P&L pf(5 Puget S P & Lt pt(8) Radio Products (2). R R Sh'Corp (25¢).. Rainbow Lum Pr A.. Reliance Manag. Reybarn Co Reynolds Invest. Rich Ofl Cal pf (1%) Richman Bros (3)... 508 % Richmond Radiator. 1 Roan Antelope Min.. 39 Rock Lt & P (90¢)... Roosevelt Field Inc. Rossia Int Corp 4 Safeway 8 w(2d)(C) St Regis Paper (1).. Salt Creek Prod (2). Saxet Co..... o Schift (The) Co (2).. Schulte Un 5c-31 St.. Seaboard Utll (50¢). Sec Corp Gen (40¢c).. Seg Lock & H (50c) . Selected Industries. Selec In all ctfs(4%) Select Ind pr (5%).. Shattuck Den Min. Sheaffer Pen (13). % Shenandoah Corp Shenan Corp pf (a3). Silica Gel ctfs. Singer Mg (119%). 15 4 Smith (A 0) (2). Solar Refining.... Sou Penn Of] (12%). SoCalEdpfC (1%). Southern Corp. SouthldRoyalty S W Gas Utilities SW Penn P&L (1). Stand Invest Cum pt Standard Motors. .. Stand O1l Ind (234). $tand Oil of KY (12) Stand Oil Neb(t33%). 3 Stand Ofl Ohio (2% ) 1008 Stand O Ohlo nf (7). 208 5t Pow & Lt pf (7). 1008 Stand Screw (8). Starrett Corp. . Starrett Corppf (3). 1 Stefn (A) & Co (1.60)150x Stein (A) Copf 6%, Stra' s (Nathan). Stutz :“otor Carn. Sunray Oll (40c) Swift & Co new (2) Swift Intl (13%). .. Swiss-Am El of (6). Syracuse W Mch(B). ‘Taggart Corp (1)... Tampa Electric (32) T"echnicolor Inc. Teck Hughes (60¢c).. Toledo Edison pf(6). 4 Tran Con Air Tran. Trans Lus DLFS. Tri-Cont Corp (war) Tubize Chatel (B)... Tung Sol Lamp (1).. Tung-Sol L pf (3)... Ungerietder F Corp. Union Am Invest. ... Union Oil Asso (j2). Utd Carr Fastene: 4 Utd Cheia pf (3). Utd Corp (war). .. Utd Dry Docks. Utd El Sv pr war Utd Found b2-35 sh. Utd Gas Corpn. Utd Gas (war). .. i1d Gas pf (7). UId Lt & Pow A ( Utd Lt & Pwr B (1). Utd Lt & Pow of <6) Utd Profit Sharing. . U S Datry (A) (5)... U 8 Elec Pow ww. By the Associated Press. NEW YORK, December week's developments in iron have been preponderantly favorable, | and the industry, although chastened | by repeated disappointments during the vyear, has gained in confidence, Iron| Age will say tomorrow in its weekly | review of the industry. | “While steel ingot output in Novem- | ber declined to the lowest level since July, 1924,” the review says, “and some} further recession this month seems in- | evitable, there has been a gradual gain | in demand for forward delivery, strengthening expectations of an up- turn in production early next year. “A leading independent maker’ of sheets has had a better volume of or- ders in the past three weeks than for any similar period in several months. Although improvement in business has been slight in some cases and has not | extended to all products, the trend now seems to be definitely upward “This tendency has been given im- petus by last week's advance of $1 a ton on plates, shapes and bars for first- | ?unner shipment. Specifications against fourth-quarter commitments have been stimulated, especially for deliveries in January. At the same time, first-quar- ter contracts for these products, as well as for sheets, are beginning to be closed. Some consumers, in fact, are trying to ;Jgsyl fhefl-l through the first half of Rail contracting, which ordinarily gets into full swing in October, now gives promise of getting under way without further delay, the review saj and the two-month postponement the bulk of rail and track accessory| buying will concentrate demands that otherwise would have been spread over a long period. “A large part of domestic tin plate contracting for the first half of 1931 has been completed,” the rcview says. “Tin plate requirements of can manu- facturers have been consistently gaining 10 per cent annually, and this rate of increase is expected to be maintained next year. “Pipe lines, which have taken much steel in the past year, promise to give the mills renewed support. Three gas lines now before the trade for figures call for a total of 1,000 miles of pipe, requiring 110.000 tons of stecl. Another sizeable inquiry is in early prospect.” New rojects requiring fabricated structural steel total 91,000 tons this week, the largest since early in No- vember. Awards of the week also are larger than usual, totaling more than 53,000 tons. | Finished steel and heavy melting scrap made new 1930 lows this week, and both are within close range of their lows in the 1921-32 depression. The Iron Age composite price for finished | steel is 2.121 cents a pound, or just $2.46 a ton above th> composite of 1.998 cents a pound of late February and early March, 1922, while heavy melting scrap is down to $11.25, which is 25 cents a ton above its low point of July, 1921. Scrap has declined $2.50 a ton since mid-September. The pig iron com- posite price is unchanged at $16.02 a ton, also & 1930 low. RAW SILK PfiTU RES. NEW YORK, December 0 (Special). —Reflecting_advances in the primary | markets, with Yokohama up 2 to 7 and | Kobe 17 to 38 points higher, raw silk futures were firm today. Opening prices were 3 lower to 1 point higher, and by a00n some 150 bales had changed hands, with net gains of 1 to 2 points. Up- | town operators and houses with import- | ing connections were on both sides, to- | gether with commission houses, with the rest of the trading done by dealer in- | terests. Reports were heard that hosiery mills in New Jersey and Pennsylvania are be- ginning to put through extensive cur- tailment programs. 10.—The and steel MONEY MARKET. NEW YORK, December 10 (#).—Call | money was firm today at 2 per cent, the | official renewal rate, and no funds were available below that figure in the out- side market. Demand was light, and there was some calling of loans. Time money was dull and unchanged. ‘The bankers' acceptance market showed little change, and asking rates were un- changed. Commercial paper was quiet and unchanged. METAL MARKET. NEW YORK, December 10 (#).—Cop- per, unsettled: electrolytic, spot and fu- ture, 11. Iron, quiet, unchanged. Tin, steady; spot and nearby, 25.12; future, 25.37. Lead, steady: spot, New York, 5.10; East St. Louls, 4.95. Zinc, quiet: East St. Louis, spot and future, 4.17a 4.20. Antimony, 7.00a7.10. PARIS BOV'UR:SEV PRICES. PARIS, December 10 (F).—Trading was quiet on the Bourse today. Three per cent rentes, 87 francs 30 sentimes. ~Five per cent loan, 101 francs. Exchange on London, centimes. The dollar was quoted at 25 trancs 44 centi W NEW YORK BANK STOCKS |v NEW YORK, December 10 (#).— Over-the-counter market: | Banks. Asked. T N 63 Bank of U'8 umits Chase xd . Chatham City g Fifth Pirst National ‘New York Harriman : 5 Manhattan ' Co People’s National . i Trust Companies. Bankers entri Chelse om| Corn unty ... Guaranty Irving i ' States . Westchester Title & Trust. TREASURY CERTIFICATES. (Reported by J & W. Seligman & Co ) Rute _Msturity 100 31-32 27a8 June 1 2% Bept. 15, 1931 100 17-32 | 100 16-83 3i28 Mar 15, l“’ Sept. 18, 1 Aa 3%as Dec. 15, 193 100 31-32 123 ' francs, 62 | T | Maiden (Mass) Tr.10c | NY & Hond | First Sec Co Ok A.30c Q@ bt ety Week 2go. Month ago Year 2g0 : Two ycars aso A Three years ago, weck High, 1930 . Low, 1930. . High, 192! Low, 192 w. (Copyright, 1930, Standard Statisties Oo.) COPPER PRICE REDUCED. NEW YORK, December 10 (#)— Ccpper Exporters, Inc., today reduced | the price of export copper 1 pound to 11.30 cents, c. base ports. The export price had held at 12.30 cents since producers established a level of 12 cents, delivered, in the domestic market a few weeks ago, although mean- \While some custom smelters and dealers have cent a cent a pound. P SHORT-TERM SECURITIES. “Reported by J. & W. Seligman & Co) Offer Allis-Chalmers Co, 8s 1937..... 1 1017, American Tel. & Tel. $13s 1943 109 American Thread 5izs 1338, .., 1 Baltimore & Ohio 4%as 1933 Batayian Pet Cudahy Packine Co. 8las 1937 Gen. Mot. Accep_Corp, 8s 1937 General Pet. Corp_5s 1940.. .. General Theaters Equip. 8s 1940 Goodyear T. & R. 55 1957.. Grand Trunk of Canads 6s 1936 Gulf Oil of Pa. 55 1937 : Humble Oil 5125 1932. Internat i | Standard” oIl N. Jersey 85 tandard Oil N. York %38 1 8 b Mkt ke ithiwestebn Tiiton, OIl Co. of Calif, 5. 55108 o 104% United Dru ric Co. 85 "i0dd; eeling Steel Corp. blas 1948. 101 Wheeling Steel Corp. 4'2s 1353, 88% L 88 1932 993, S 1035 100% DIVIDENDS DECLARED NEW YORK, December 10 (#).— Regular, 4 e- Pay- Hldis. of Compeny. Rate.riod. able. ur.. .. 31 Jan. Pl $1.7! Pow Ltd t pf. Canfield O o 3 Channon (H) 1 pt.$1.73 e Cherry Bur Corp.82iac B D cinn' G & E pf A'$1.25 Gity of N Y I 2 Dav Hos Mills. g A Denver Team' pf.37isc Diam N Bk_(Pitts) . $4 Eastn ‘Tr (Halifax) $3 Eureka Std Cons M.3c Farmer Dep Nat Bk (Pitts). ....$1.80 Fid T&Tr (Stnid) 5250 Gen Tire & R pf. German Rys 3 Glen Alden Coal Glen Cove_ Trust Sainase RS SRR | SIS o S Healy Petiol pi:.. Holes (DH) Ltd. $2:50 Hotels _Statle Do. 7% pf. BEEEEEERE! . 6% DI, 37iac Integrity Tr (Phiia). 31 Inter Nickel of of Can Ltd pf. $1.75 Inter Products pf.. 33 Inter Pow Ltd p{.51.75 Inter Textbook....i5c Kaufman (Ch Knapp_ Monar 58552, A).31.50 p1.81i4c BE8E., 8 0 cacaes Do p Murphy (GE)” pf. Nat Licorice of.. NY RL 2, 1.7 pI.34 Nat Bk (SF).31.50 2.81.75 oans, BEEER-RE85555! o eashs Do Seaboard Uil Smith (E L) Of Sparks W 67 pf.51 Standard Dredge. Stand Gas & EI..§ Do. §7 3145 Do. $6 pf 150 Stand Po & Lt B..50c DO Do SITE Sup Portid Gem 'B.25¢ Utica C Virginian Ry........$8 Wallingfd Bk & Tr.. Westmoreland Water §6 pf.... o b>§oD=ZZnnocannDnooD: DDOOOOODOOPOLOLODOOODO DOOO: DED POOODOOOOLD: DOO OOOOOOOOHHOOOOOOOOOOODELOD: PO: Diam N Bk (Pitts).34 Farmers Dep Nat Bk (Pitts)........31 Glen Cove Tr Integr (Phila) '80c Ros M §0c West 8&D B (Pitts) .31 Initial. w8 mse.Es 2 Q i Interim. vers Col 2 Stand’ Safe Dep.... Liguldating. Balmon Palls Mg $3.45 - umed. Knapp Monarch. ...50c .. Omitted. Brockway Mot Tk pf.3175 Q@ Due Jan. 1. Century Diamond pf 34 SA Due Jan. Mallison (HR) & Co pf.51.75 Q Gleaner Combine Hary.30c @ D Thirty-two nitrate plants now are in peration in Chile. offered the metal in the domestic | market at concessions of as much as 1| 4 | enced by the favorable weather for the 217915 to 19%. 6 ¢ | a8.25. extreme top, 8.25; packing record. | 7.00a7.25; few to 7.50. Light light, good | g:é‘- gg‘nnd choice, 140-160 pounds, 8.00a8.25; | 20 | medium weight, 200-250 pounds, 3.00a o0 | firm; bidding, 25a50 lower on short feds; 3 | heavies, 12.4 3 0 5.25a7.50; NEW YORK COTTON NEW YORK, December 10 (Special). | —Opening cotton prices today were 6 to 10 points higher, chiefly on short- 1. 1. European | covering that affected all parts of the list. However, contracts were in good supply, and after the first few minutes the advance tapered off. | Opening prices were: December, ' new, 10.22, up 7; January, old, 10.29, January, new, 10.32, up 10;| , 10.57, up 10; May, 10.84, up 8; | Jul)!. 11,01, up 6, and October, ll.l9,| up 8. GRAIN MARKET CHICAGO, December 10 (Special).— Wheat prices were little changed today, Farm Board support holding prices at Tuesday's levels. December, old, opened at 77's; March, old, 79; new, 793 May, old, 81 to 81';: new 81% to 8115, After first half hour: December, old, | 174 ; March, old, 79%; new, 79%; May, | old, 814; new, 815. Corn was lower under selling influ- movement. December, old, opened 731 | to 73%; new, 73%; March, old, 77%: new, 77i5: May, old, 9% to 787; new, After the first half hour: December, old, 7314 : new, 7315: March, old, 767 May, old, 8% new, 79%. < Oats were easier with corn. Decem- ber, old, opened 35!5: March, old, 36%; May, od, 37%. After the first half | hour: December, old, 35%; March, old, | 36}2; May, old, 375, Provisions were easier. | s e s | | CHICAGO LIVE STOCK MARKET new 7%; CHICAGO, December 10 (#) (United States Departmentof Agriculture) .—Hogs —32,000 head; including 7,000 direct; | slow; mostly 15a25 lower; pigs and light | lights, 10a15 off; bulk, 170-280 pounds, 8.00a8.10; few 8.15; 120-150 pounds, 8.10 8.25; SOWS, light weight,160-200 pounds, 8.00a8.20 8.15; heavy weight, 250-350 pounds, 7.90 28.15; packing sows, medium and good, 275-500 pounds, 6.90a7.50; slaughter pigs good and choice, 100-130 pounds, 7.85a | 8.25. Cattle—13,000 head; calves, 2,000 head; choice long fed steers and yearlings, butcher stock and vealers tending lower; Bulls, steady; fed yearlings, 13.60 and but some held higher. Slaughter cattle and vealers; steers, good and choice, 600-900 pounds, 10.00a13.75; 900-1,100 pounds, 10.00a13.75; 1,100~ ( 1,300 pounds, 9.50a13.50; 1,300-1,500 pounds, 9.50a13.25; common and me- dium, 600-1,300 pounds, 6.50a10.00 Heifers, good and choice, 550-850 pounds, 8.75a12.50; common and me- dium, 5.00a9.00; cows, good and choice, common and medium, 4.00a 5.25; low cutter and cutter, 3.00a4.00; | bulls (yearlings excluded), good and | choice (beef), 5.00a6.25; cutter to me- dium, 4.2526.00; vealers (milk fed), good and choice, 8.00a11.00; medium, 6.50a 8.00; cull and common, 5.0026.50; stocker and feeder cattle, steers, good and choice, 500-1,050 pounds, 7.00a9.00; common and medium, 5.50a7.00. Sheep, 15,000 head; market not fully established; a few sales 25 lower; good fat lambs, 8.00 to packers; best held around 8.50; heavy weights, 7.50a7.75; fat 3.00a3.50; about steady. Lambs, 90 pounds down, good and choice, 7.25a8.50; medium, 5.75a7.25; all weights, common, 4.75a5.75; ewes, 90-150 pounds, medium to choice, 2.00a 3.75; all weights, cull and common, 1.4 .50; feeding lambs, 60-75 pounds, good and choice, 6.75a7.50. JOBBERS SUSPENDED Egyptian Cotton Commission Closes Alexandria Business. CAIRO, Egypt, Deccmber 10 (#).— The government cotton commission today announced it would suspend all Jjobbers business at Alexandria for 15 days beginning tomorrow. On the Alexandria Cotton Market | yesterday's closing prices were the low- | est on record. fenders in the matter of overproductian, Sugar trade associations here express gene! satisfaction at conclusions thus far reached, and consider the agree- ment first reached with Java a mast® stroke, due to that country being the largest producer in the world, their dominant position making it necessary that their approval be obtained to any agreement designed to stabilize the market. — REGULAR DIVIDEND. Directors of the Lehman Corporation have declared the regular quarterly divi- dend of 75 cents a share on capital stock, payable January 5, to stock of record December 22. | 9 ifit'Monga'ge Loans Lowest Rates of anterest and Commission Thomas J. REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Avplieations invited on nigh - Flaher & Company. inc. NATIONAL BANK Let us serve you in all banking and fiduciary matters. Inmu:.pud“a: savings lc‘e.oun: from oA eposit to withdrawal. ¥ Resources over $19,000,000 WADE H COOPER. President 14th and G Streets T AT S AL T | WANTED Reliable party or parties in position financially to handle immediately™ all or a part of $250,000 8 stock issue, and a man- # ager for the husiness, of a company with enor- m o us money-making possibilities. Address Box 5-E Star Offic FRER | COMMERCIAL A Investment Experience Mt b - Insurance Stocks, Preferred Stocks, Common Stocks. Robert C. Jones & Co. Investment Bankers Investment Building Telephone Met, 2922 - “Consult Us About Your Investment Problems” Invest Your Christmas Money In Safe Guaranty FIRST MORTGAGES They pay you the maximum of return with positive safety of principal and interest. Ask Us About Them . REALESTATE [ MORTGAGE & GUARANTY CorPORATION Capital Resources, §3,800,000 The government’s decision to close the futures market temporarily was | sald to have resulted from a belief that | & fall of prices was due to bear opera- | o Organized 1879 JOHN JOY EDSON, President Assets +++.$5,901,122.48 Think of the Future —and pre- pare for it by saving syste- matically each pay day. Then you will be pre- pared for any emergency. ApDiFss 1610 K ST. N.W. [ole——— [ [c——[d| Equitable Co-Operative Bldg. Ass'n 51st YEAR COMPLETED WALTER 8. PRATT, Jr., Secretary Surplus & Profits. . Snbs;rip!ioll for the 100th Issue of Stock Being Received $1,818,655.92 We will gladly explain our systematic plan for saving! 915 F St. N.W.