Evening Star Newspaper, December 12, 1930, Page 15

FINANCIAL . PRICES ARE MIXED IN CURB DEALINGS Market Becomes Irregular After Early Show of Strength. Trading Is Quiet. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, December 12 —Starting slowly, with prices fairly firm, today's curb market pick~1 up speed and turned lar as the scision progressed. lectric Bond & Share rose frac- tionally, but Cities Service was down & shade. Goldman Sachs, after opening off 1%, recovered most of its early loss. corporations, realty issues, store stocks, petroleum shares and mis- cellaneous industrials, in order named, reacted during the forenoon, which was notable for its absence of big blocks. Sales during that period amoun to 238,700 shares, compared with 298,400 in the same period yesterday. Railway and light securities, which broke more than 12 points yesterday, ‘was off only a point today as an earning statement indicated net for the 12 months ended November 30 of $2.71 a share on the common stock. Corpora- tion Securities of Chicago by a frac- tional decline hit a new low for the year. Shenandoah, Intercoast Trading, Chatham-Phenix Allied, North and South American and similar types of securities declined. Lefcourt Realty common and preferred were each off a point. Edison Stores B, Neisner Bros. pre- ferred, Pender Grocery B and United Milk Producers were a few of the weak ts in store and food shares. Great Atlaatic & Pacific Tea moved against the trend because of its sales report, which showed business in the 11 _months of this year totaling $40.205.201. or 4.89 per cent above the same 1929 period American Book Co. was a feature in the inactive industrials, opening up 16 points from its last sale of October 18. Associated Rayon preferred was up 2l5, while Celanese participating preferred lost half that amount. Copper shares moved lower in dull trading. * Decline of 10,712 tons in re- fined stocks of copper metal strength- ened the statistical position, but the omission of Hudson Bay's interim divi- dend on both common and preference shares and slowness in working out the ! terms of the Rhodesian merger chilled the attitude of traders toward this group. - s NEW YORK COT'I;ON NEW YORK, December 12 (Special). —Opening cotton prices today were 1 lower to 7 points her, though most of the near contracts were still below the 10-cent level. Ring sentiment was NEW YORK CURB MARKE Note—All stocks are sold exo?;‘unl those designated which shows those stocks ~Prev. 1930.~ Stock and High. Low. Dividend Rate. 3% Acetol Prod A. 314 Aero Supply (B) 10 Afliated Prod 1.60.. 1% Air Investors vte.., 1% Allegheny Gas...... 150 1% Amer Austin Car 82 Am Book (7).. 5 Am Capital (B) 28% Am Capital pf (3)... 60 AmGigarCo........ 27 AmCP&L (A) (a3). 6 AmCP&LB (10%). 13% Am Com P A (b10%) 8% Am Cyanamid (B). . 110 - Am DT NJ ev pf (T) «4a Am Equities...... 163 Am For Pow (war).. 4 .Am Foundrs (b4-70). T4% Am Gas & El (31)... 1% Am Invest (war).... 413 Am Invest Inc (B).. 40 Am Lt& Trac (2). % Am Marfeabo. : 45 Am Meter (3). 3% Am Natural Gas. 15% AmStPS A (1.60).. 9% Am Superpowr (40c) 3 Am Thread pf (25¢). 3% Am Ut&G (B) (35¢). 4% Anchor PF (b10%). 13% Anglo Chil Nitra: 6 Appalachign Gas Arcturus Rad Tubs 20 15 4 4% Ark Nat Gas (A) 3% Art Metal Works. ... 4% Asso El Ind Ltd 30c. 16% Asso GEE A (a12.40) 1% Asso GRE (A) dbrts 89 AsSOG&EDf (5)... 208 754 Asso G & El ctfs ).2008 35 Asso Rayon pf (8) 1 4% Atlas Utll Corp. 5% Auto Vot M cv pf pt. 22 Aviation Corof Am.. 7% Aviation Securit 1% Bahla Corp. 1y Bahia Gorp pt. 3 2% Bellanca Aircraft... 1% Benson & Heage: 13% Bliss (E W) Co (1).. 3% Blue Ridge Cp(p20c) 30 Blue Ridge cvpf(a3) 12% Blumenthal (8)..... 31 Bourjois Inc........ 20% Brazil Tr&Lt(b8%). 5 Brillow Mfg Co(60c) 5 Burcolnc........ 2 Burma Corp (131e).. 6 Butler Bros (30c)... 1% Bwana M Kubwa.... 2% Canada Marcont. ... 48 Celanct 1st pf (17%) 11% Cent Pub Sve A al.7b 8 Cent St El (kd0c 1 Chain Store Dev 615 Chain Stores Sto » R L TTT L (ST O - O PN POERoPY - to extreme caution, owing to |- the uncertainty of the Farm Board ac- tion, and volume was slow as a result. Opening prices were: December, old, 9.98, up 7; December, new, 9.98, up 3; 9.95. up 3: March. 10.i9, up 1; May, 10.46, up 1; July, 10.62, off 1, and O‘g’- tober 10.88, up 5. « GRAIN MARKE:I' CHICAGO, December 12 (Special).— The wheat market was quiet and steady today. There was scattered buying, in- fluenced by the better tone to Liverpool and Buenos Aires markets. December, , opened 7714 to 77%; March, old, 9% to 79%; mew, 79%: May, old, 81 to 81%; new, 81% to 81%. After the first half hour: Deccember, old, 77%: March, old, 79%: new, 797;; May, old, 8114 new, 81%. Corn was firm on covering by over- night shorts. December, old, opened 721 to 72%: March, old, 75%: new, 75%; May, oid, 773 to 77; new, T1%. After the first half hour: December, old, 72; March, old, 74%; new, 75%; May, old, 76%; new, T7%. Oats showed little change. December, old, opened 343%; March, old, 35%; May, old, 361%. After the first half hour: December, old, 341¢; March, ald, 35%2; May, old, 36%. Provisions were firm with ‘hogs. ot 228 i 3 sz2sarazIaieneesenseSrans ) 2885 (o k3] 2 3.. 28" o Fa>> e tineau Po ! Q0" 3308 = it B it g B> za8ageesegdieease P> F T s B 47 C 53 EEEEETH o . r 88 4 Wanamaker Siis 4910 Wes Tex Ut 55 A 137 89%% 3 Wiscon P&L 55 E '36 100 FOREIGN BONDS. Dominion_4s '60 4 uca Valley 7s 4 252 99 ContG&E prpt Cont Shares pf B (§) 14% Corp Sec Ch 4% Corroon & Reynolds. 1% Cosden O1l. 3% Creole Petr: 5 % Cresson Consol (4 7% Crocker Wheeler. % Curtiss Wright war. 4% Darby Petrolm n (1) 1% Dayton Alr & Eng... 35% Deere & Co (g1.20) 1% De Forest Radio. Deisel W Gilb (1% 3% Derby Oil Refining 1% Detrolt Alrcraft 15 Detroit Gask (1. 11% Diamond Match 24w Dia Match cu pf 31 DressSR (A) 28 Driver Hérris new 19% EastC & F Asso 14 East St Pow B (1) 4% Eisler Electric Corp. 38% Elec Bond & 8h (b§). 91 ElBond&Shcupfs. 102% £1 Bond & Sh pf (6). 114 Elec Pow Asso (1).. 10% Eleé Pow Asso A (1) 9 Elec Shareholdg (1). 1 Empire Corporation. 31% Emp Pwr pt (14.60). 34 Empire Steel¥orp. .. 1% Europ Elec deb rts. . % Evans Wallow Lead. % Fabrics Finisning... 1% Fairchild Aviation. . 350s 37 Fajardo Sugar . 4 Fansteel Prod 2 Federated Capital 9% KFederat Met (11%).. 10% Klatreis (1.25). % Fiat Stock deb rt 100 Florida P&L ptf (% 1% Foltis Fischer Cor, 18w Ford Mot,CanA12.10. 10 64 Ford Mot France 280 1 104 Ford Mot Litd 37%c. 24 1% Foremst Dairy prpt. 1 3 Foremost Fabrics 1 2% ox Theater Cl (A 13 5% Franklin Mfg Co. k Pack (1.60). Aviation. Baking..... 27 Gen Baking pt (3).. 9% Gen E Ltd rct (5ve). 15% Gen Empire Cor (1). Suan menBrommaien » Y T TOROreS P PPN 51 Glen Alden Coal (8). 614 Globe Undwritrs 30c % Gojd Coin (new). ... “a Gold Seal Klec pew.. 12 Golden Center...... 6% Goldman Sach TC ., 13! 23 Graymur Corp (1) 155 Grt At&Pacnv 15.25 3% Groe Strs Prod v.te.. 66% Gulf Oll of Fa(1%). 13% Hazeltine Corp (2).. 815 Hecla Mining (1). 243 Hires (CE) (A) (2) 3); Hudson Bay M &S.. 66'x Humble O1l (12%).. 23% Hydro Elec Sec (2).. 2% Hygrade Food Prod 157 Lmp O1) of Can (50¢) (nd Fin ctfs (010% ). indus Finev pf (7). (nd Pipe L new(13), ind P&L cu pf(6ig). ind Ter Illu VIl (A). Insull Ut(thb10'% %) . T% Insurance See (70c). Tl lutercoast Trade (1) » inte t Petn 18% ek ay 21 5 internat Uil 4B). 3 Interstatekquities. . 30 Interstate Een pf(3) % Iron Cap Copper. ... 3% lwallan Superp (A, 1 tallan Superp wa 100% Jer Cen P&L bt (7).. 50s 6 Jonas & Ncupf(3). 1 % Kolster-Br (Am Sh). 9 Kress(SH)sp pf 60c. 1% Lakey Foundry 11 Lefcourt Real 11.85. 19 Lefcourt Real pf (3) Y% lLeonardO| aeee 10 Libby McNell & L.... 1614 Lily Tulip Cup (1%) 2 Loew's Inc 20% Lone Star Gasn (1). 30 Long Lsld Lt (58c).. 1 2 1 i 6 4 1 n 3 8 1 38 16 27 200 557 56 8 Aluminum Co of Am 230s 16t 8% - 268 111% 111% 11 L 10 4w /&u THE EVENING STAR, WASHINGTON, 6% 18% 1% 17% 16% 4% 87 1% ey 85 1% 21% 40% 11% 12% 1% 20% 8 14% 1 5% 4n b4 20% 4% 16w s 1w 5is B 4% 5% W ) T 8% . 8 24 24 4 24 1308 174% 182 171 171 | 6 4 674 15 84 66k 15 % 1 107 5% ~ 19 1% 120 3 3u 1 107 5% 107 108 18 184 2 2 2% 220 2% 2% 2% 3y 0% 162 160 162 1% 1% ¥ 1 100 100 100 5 5 5 284 284k 284 651 65% 654 /% 3% 3% 4 134 84 8y 1% 111% 4% 5% 4% 85 — Prev. 1930.— High. 113% -| 107 Low. 107% 100 % 8% > 4 31% 24% 6% 13% 16% 11% 12% 1% | 103‘2 7o 1081 % 80 v W 37% 4% 23% 3 18 5 10 Er 38 0 861% ] 10% 13% 9 22% 28% 36 ] 35 4% 16% 4 30% 8% ! 615 | 3% ' 6515 4 US Lin %! 10 1% 10% 18 1% | 22% ; 30 len 3 Pl % Ohlo Coppr., . 5 Un NG of Can t1. 14 8% Peop GL&C...Jan1b 1 Dividend 1ates in doll ‘Payadie tn cash or 8¢ | & Payable tn cash or G TPl % 1 stock 3% In stock | n'Plus 8% in stock. Stock and Sales— Dividend Rate , Add 00. Open. Hy Long Is] Lt pf (75. .. 208 108% Long Islcu pf B (§). 508 100% Louisiana Lan & Bx ‘MacMarr Store Marcon! 1 Mar (38¢) Md Casualty n (2%) Mid St Pet vto A. Mia WSt Ut (1%). d W at Fam 8 (b10%) Nat Investors. Nat Pow & Lt p! Sh T Sec A 150 Sugar NJ (2) ) New Eng PSprin? Newmont Min (f4) N Y Merchandise ( Niag-Hud Pow B w. Niagara Sh. Md(40y Niles-Bem-Pd (13) Nor & So Am Corp % Nor Europ O1l Corp Nor St Pow A (8)... Ohlo B Tel cu pf (7).100s 10! Ohio Ofl n cu pf( Oflstocks Ld B 60c. . Pac G&E 1st pf (1%) Pae Pub % 2 O 00 00t 381 0 0 B0 Prince & Whitely pf. Prudential Invest... 14 Pub Ut Hold (50¢).. 35 Publie Utll Hold war 31 Pub Ut Hold xw 50c. 4 Puget SD & Lt pf(6)110s Pure Of1 pf (6)...... 108 Radlo Products (3). 5 RR&LtS (15)..... R R 8h Corp (25c).. Rainbow Lum Pr A.. Rainbow Lum Pr B.. Reeves (Dan'l) (1%) Reiter-Foster. ..., Relfance Int (A). Reliance Manag. * Reybarn Co. Reynolds Invest. ‘Roan Antelope Min. . Rock Lt & P (30c). .. 2% Root Ref cv pr pf Rossia Int Corp. . 5% Royalty Cp pf t1.70 Rubberoid Co (4)... Safeway 8 w(2d) (C) 20s St Regis Paper (1).. 8alt Creek Con (40c) Salt Cre Sehl & Zan pf (3% Schulte Real Estat Belec In all etfs(43) Select Ind pr (5%) Sentry Safety Cont. ! Stand Ofl Ind (214). Stand Ofl of KY (+2) Stand Ofl of Ohlo(5) Stand P& LB (2).., Steinite Radio. Storkline Furn pf(2 Sun Inv pf (3), Sunray O11 (b5%) Swift & Co new (2) Swift Int] (1334) Syracuse W Mch(B). Technlcolor Ine. . - = Trans Lux DL P Tri-Cont Corp (wi Tubize Chatel (B). Tung Bol Lamp (1) Ungerleider F Corp. Union Am Invest - - o EentuenolotoncneS wroalinmmmansn Union Of1 Asso 142) Utd Carr Fastener. Utd Cheia pt (3). Uitd Corp (wa Utd Dry Dock: Utd Elec 8ve (1 Utd EI 8v pr Utd Found b2 Utd G - - 13 ® Utd Lt & Pow A (1). Utd Lt & Pwr B (1).. Utd Lt & Pow pf (). Utd Milk Product: Utd Milk Prod pt, Ttd £h Mch pf (1%). U'S Dairy (A) (5). U S Dairy (B). U S Elec Pow ww. ('S Fintshing. U 8 Foil Co B (50c) U S & Int Secur pf (1), o US Playing Cards(4)12bs Utd Verde Ext (2).. 19 Util Pow & Lt (a1).. 22 Utility & Ind 2 Ut - Equit Vacui a (14%) Walitt & Bond A 3). Walgreen Co. . Walker (H) (1). Wayne Pump. . Wayne Pump pf 3% . Wenden Copper-. ... ‘A’ Coal & Coke. 9%, Pub Srv N 111 17% eb.3 7 108% 9% 9% 3 17% “17% *17% B i ST S % . siock- % 1o ‘.?.#.1 3% i Sock lus 3% in Recsived by Private Wire Direet to The Star Office Low. Close. 108% 108% 00% 100% 20 844 1% 8% 9644 51% 10 114 10 % 5% 6% 224 1% 5% 13% 941 9% 1 130 106y Y% 103 B <7 D. C, FRIDAY, DECEMBER By the Associated Press. WILMINGTON, Iil, December 12.— The Baltimore & Ohio Railroad in‘ac- quiring the Chicago & Alton has fol- lowed again the policy of its founders, who, 104 years ago, foresaw that suc- cess was in westward expansion. ‘The public auction of the Alton here terday made certain its absorption g&”‘he Baltimore & Ohio, extending the Baltimore railroad’s lines from Louis to Kansas City and from both cities to Chicago. The Alton had 1,053 miles of trackage. ‘Will Cost B. & O. $75,000,000. ‘The Baltimore & Ohlo bid $23,000,000 for the Alton. It was the only offer and will cost the’B. & O., with the added obligations, about $75,000,000. The auction, held on the station platform in this hamlet, was_ended juickly. The sale terminated a Federal urt receivership of eight years. The 6% | wilmington Station is the first out of Chicago owned by the Alton. The road enters Chicago on a.leased line. For the Alton, it was the end of 83 years of fluetuating financial life. Wholly a Midwest line, traversing the rural districts of Central Illinois and Missourl, it always was a “home” road, weaving its fortunes and sentiments into the life of the territory. In 1827 the rall; cry of “West- ward, Ho!” stirred the B. & O. builders. Railroad and canal promoters of that day were facing East, scrambling for St | the Atlantic port trade. “Important as is this trade to Bal- timore, it certainly is of minor con- sideration when ~ com) with the immense commerge which lies within our grasp to the’ wes reported the organization’s subcommittee./ Pushes Steadily Westward. From that year the B. & O. has been steadily puching westward. In 1852 it was at the Ohio River, b; 1875 it had touched Chicago and af the turn of the century its trains were in St. Louls. ‘The Chicago & Alton grew from the Alton & Sangamon, incorporated in 1847. Abraham known law clerk ment. George Pul his sleeping In 1865 an Alton funeral train carried as &n_un- In 1896 E. H. Harriman acquired the Alton for $39,000,000. He ded 1t with $40,000,000 in bond issues and a few years later added $20,000,000 more. A shopmen’s strike and & minefs’ walk- out brought a receivership in 1922. W. A. Blerd, the president, remained as receiver, Minority stockholders of the Alton sought to avert the suction, contend- ing the property was being sold for much less than its value. The law pro- vides an interval of 38 days for in- terested parties to object before the court may approve the sale. CORPORATION REPORTS gt TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, Decenber 12.—The fol- lowing is & summary of important cor- poration news prepared by the Stand- ard Statistics Co., Inc., New York, for the Associated Press: News Trend. Of especial interest in corporate news is the purchase of the Chicago & Alton Ihuro:d by Beltimore & Ohio Railroad. Acquisition was made at public auction }yesterday for sum of $23,000,000 cash plus other considerations, which brings aggregate to $73,000,000. The Al- ton road been in receivership for the past eight years, during which time & loss was shown in all but two years. Deficit at close of 1929 exceeded $12,- 000,000. Adverse dividend action was taken the past day by Glidden Co,, during 1, | Hudsons Bay, Ltd.; Arthur G. McKee Co. and Associated Breweries of Canada. Of a favorable nature was announce- ment Southern Railway, which declared dividend covering the last quarter of 1930 and $3.65 against requirements for first two 1931 quarters. International Superpower anounced a 10-cent cash dummemenc in Heu of 2! per cent stock dividend. Two equity receivers have been appointed for Worth, Inc. The Companies. Adams-Nillis November sales up 3.8 per cent. Elewen months up 11 per w:uochud Brewerles of Canada de- clares 25-cent quarterly common div- idend; paid 50 cents formerly. Baltimore & Ohio Railroad buys in property of Chicago & Alton Railroad; egate price, $73,000,000; $23,000,- ;grio be paid in cash. Carnation Co. 1930 sales and net ad of 1929. A ticago. Indianapolis & Lousvilie Railway, $3.50 semi-annual dividend; paid $250 and $1 extra fo y. Chicago, Milwaukee, St. Paul & 14 | Pacific Railway estimated November net 9%, rating income off 59 per cent. wéhicu‘;) Railways Protective Commit- tee for Series 1 Participation Certifi- cates to oppose revised unification plan. Denver & Rio Grande Western Rail- road, early Interstate Commerce Com- mission sanction of Denver & Salt Lake | acquisition expected. Dominion Stores’ November sales off 1.6 per cent. Eleven months, off 2.6 per_cent. Engineers Public Service November electric output up 11 Er cent. Federated Metals al half deficit estimated $1 share; bonds in treasury $450,000 above sinking fund require- ments; holds 15,900 shares own stock. Fuller (George A.), $17,450,000 new business booked in past 30 days. Glidden Co. passed common dividend; ! paid 30 cents October 1. Great Atlantic & Pacific Tea Novem- ber sales off 4.6 per cent; 11 months, up 4.3 per cent; November tonnage sales up 4.9 per cent; 11 months, up 10.5 per cent. Hudson Bay omits interim preference and common stock dividends; paid § per cent and 7' pér cent, respectively, year ago. Intercontinent Petroleum deficit be- fore depreciation and wepletion, year ended December 31, $26481, against deficit $28,510 in 1929 period. Interpational !mrpmver. 10 cents cash dividend, in of 2V per cent semi-annual stock dividend. Kansas City Public Service October operating income of 25 per cent; 10 months, off 16 per cent. Loew’s, Inc., net income, according to preliminary estimate, first 12 weeks of fiscal year to November 22, 20 per cent below $2.09 per common share earned like 1929 period. McKee (Arthur G.) & Co. omits Class B extra dividend: 87'; cents quarterly dividend declared. o 3 Patterson-Sargent Co. share edrnings, year ended Oct. 31, $3.40 vs. $3.93. ‘Pines Winterfront additional automo- bile manufacturers wn*erlnl finger- tip controjesystem. SoutherM Ry. declares $2 dividend covering final quarter 1930; also $3.65 dividend, representing surplus 1929 in- come, declared against 1931 quarterly disbursements; 1930 earnings estimated $4.61 common share; Mobile & Ohio, subsidiary, declared $5 extra dividend. Strauss (Nathan) November sales up 15 per cent, 11 months up 23 per cent. Superior Oll; recelver Rogers’ report shows net loss of $31,423 for Oklahoma properties in August. United States Lines port authority defers purchase of Hoboken piers pend- ing new lease arrangements; smpBlh( Board rejects bids for American Dia- {mond and Ametican France lines.# . ‘Western Tablet & Stationery share earnings, year ended October 31, $4.31 ve. $6.03. Western Union Telegraph package delivery service agreement with New | York, Philadelphia & Washington Air- Ways. ber operating income off llvnr cent, 10 months off 39 per cent. lcox (H. F.) Oll & Gas receivership By she Associated Press. ‘The problems confronting the copper industry of this country, it appears here, will have to be worked out by the individual firms themselves. A canvass of capital sources brought out that an overwhelming msmpomon of those e: in the production of copper are vigorously opposed to adopt- ing a tariff on the metal. They contend that such a step would be very unwise in view of this country's status as an exporting nation, and might eventually lead to the same situation as confronts the wheat growers of this country. Officials of the American Mining Con- gress, a leading representative body, say no requests have been received with re‘srct to a tariff on copper, and have no indication that such a request will be made. No action, of course, will be taken by the min! corgress unless a majority of its membership makes the request. e present' lem is one of mark- kets depressed by over-production. The World War proved a windfall for the industry, pmvidmg & reaay market for unlimited output. d me more or less normal 1919 with a falling off, of approximately 50 per cent, as com- pared with the last war-year. ‘The period following found many pre. COPPER INTERESTS OPPOSED TO PLACING TARIFF ON METAL war uses of the metal eliminated by the advent of more modern equipment. Despite this curtailed use, production was allowed to Increase yearly, with the in- dustry facing the problem of devising new uses for its product. Tremendous progress has been made in this direc- tion, but supply and demand are far from being parallel. In the meantime is steadily g‘u!.n; States, which 1s res) an_overs ‘The Uni per, produced about 1,015,000 tons 1920, compared with 912,950 tons the previous year, and with 643,310 tons in 1919. Dfimutlc consumj n‘n”zur ‘the comparable years was ,: 3 804,369 spec: tively, the Ilatter representing a sub- normal , due to & I to the war. -nwuunm of the situation is em- Dhas! in the trend .of the market. As late as last April the level was around 18 cents a pound, while today it is approximately 12 cents. A few | a pound was recorded. Tartft Coi is powerless matter, even though pres- | the 1930 tariff act cificall hibits | transfer of an lruc.l:eham tlhyepggtuhle list to the free list, or vice versa. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., December 12.— Potatoes, white, 100 pounds, 1.25a1.75; sweet potatoes, barrel, 1.00a3.25; yams, barrel, 2.50a3.00; beans, bushel, 1.75; beets, 100, 3.0084.00; cabbage, ton, 18.00 a23.00; carrots, 100, 3.00a4.00; cauli~ flower, crates, 1.50a2.00; celery, crate, 17582.76; eggplant, crate, 1.25a2.2: kale, bushel, 60a75; lettuce, crate, 3.7 4.25; rep rs, crate, 1.25a2.50; parsnips, bushel, 90a1.10; spinach, bushel, 75a 1.00; ~ tomatoes, 3.00a5.00; turnips, bushel, 80a1.00; apples, bushel, 75a2.00; cranberries, bog, 2.50a3.00; grapefruit, box, 2.25a3.50; oranges, box, 2.50a3.00; pears, bushel, 1.00a2.00. Dairy Market. Poultry, alive—Turkeys, pound, 25a26; old, 18a23; chickens, springers, 18a23; Leghorn, 17a20; barebacks, 5; old i geese, guinea fowls, each, 30a36; pigeons, pair, firsts, 20a25. Eggs—Receipts, 964 cases; nearby firsts, 30; Southern firsts, 28; hennery whites, 20a33; current receipts, 28a30. Butter—Good to fancy creame: pound, 30a851;; ladles, 27a30; rolls, 28a 30; process, 30; store packed, 15a18. Hay and Grain. Wheat—No. 2 red Winter, export, 80%; No. 2 red Winter, garlicky, spot, 80%%; December, 801%. Corn—No. 2 domestic, yellow, old, 89a90; cob corn, new, 4.35a4.40. Rye—Nearby, 60a65. ts—White, No. 2, new, 45;a46; No. 3, 44%4ad5. Hay—Receipts, none. General hay market strengthening. Drought has serfously curtailed nearby u—o&n. chang- ing the entire situation. Sectlons here- tofore shipping are now asking for of- fers of hay. clover mixed and timothy new hay will bring from 24.00 to 28.00 per ton. Wheat straw, No. 1, per ton, 9.00a {ggg. oat straw, No. 1, per ton, 9.00a Live Stock Market. steers, choice ply, market steady; to_choice, 850 to prime, none; good 9.50; medium to good, 7.50 to 8.50; fair to medium, 6.50 to 7.50; plain to fair, 5.50 to 6.50; common to plsin, 4.50 to to choice, 550 to 6.00; medium to good, 5.25 to 5.50; fair to medium, 4.75 to 6.25; plain to falr, 4.25 to 4.75; com- mon to plain, 3.75 to 4.25. Cows, choice to prime, none; good to choice, 5.50 to to medium, 4.00 to 4.50; plain to fair, STOCK 50 Today...... Previous day. Week ago. Month ago. Year ago...... Two years ago % Three years ago, weekly aver. High, 1930 Low, 1930 High, 1929 Low, 1929.. Today. . Previous d 3.00 to_4.00; common to plain, 2.25 to 2.50. Helfers, choice to 1 good to choice, 6.75 to 7.75; L 6.25 to 6.75; fair to medium, 5.50 6.00; plain to fair, 5.00 to 5.50; - mon to plain, 4.50 to 5.00. and Springers, 20.00 to 80.00. Sheep and lambs—Receipts, 300 head; light uupfr]y: wl;.uo: l:el'nll‘, 5.00 ogs—Receipts, 300 head; light sup- ly; market h&hr lights, 8.50 to i suvlu. [ to 8. 0% head; light sup- calves, 5.00 50 1180, | NEW YORK BANK STOCKS NEW YORK, December 12 (#).— Over-the-counter market: Bid. Asked. America . Bkof US % ‘r Chase . i 921 951 B 9 1, 981 2300 © 2500 25 39: County .. Guaranty Irving ... Manufactu ew York. .. United Stats i Westchester Titie & Tr INVESTMENT TRUSTS NEW YORK, Decem! 12 #)— Over-the-counter mrnc?" o o Bid. Asked. Amer Founders 6% e A% Amer Founders 7% 49% Atl Sec pf. 3 Bansicilla Basic Industry British _Type Invest.. Chain Store Invest Chelsea Exchange B. Cumulative Tr Sh. Deposited Bank Shares Ser. First Amer Co» "o Cattle—Receipts, 500 head; light sup- | Gr o m 5.25. Bulls, cholce to prime, none; good | N ¥ 6.00; medium to good, 4.50 to 5.50; fair bia ¥ Pow Shares Others unchanged. AND BOND AVERAGES By the Associated Press. STOCKS. Industrials. ble for hdlf the World's exports of cop- A 850 tons and 457,236 tons, respec- | & k] wn 88 A | B el weeks ago a new low mark of 91, cents | Chic ght %o bear upon it, as|Gi, Fresh cows | | Erie & Bl market steady; sheep, 1.00 to 9.00. First N VIRGHNA TBAE) BRNGS 53181857 Warehouse, Reports Show Total of 34,742,746 Pounds of Leaf Marketed. By the Associated Press. RICHMOND, Va, December 12— Producers’ sales of leaf tobacco on Vire ginia markets dyring the month of No« vember amounted to 34,742,746 Koun&. valued at $3,187.857; sales of the cor- responding. period last year were 34. 721,246 pounds, valued at $6,357,051, warehouse reports of the commissioner of agriculture, released here today tvision of agricultural statistics mglnh Department of Agriculture, The average price of all ty sold d\ll‘lnf November was $9.18, c::plrvd with $18.31 for November last year, Y‘Wn 3 An average of $9. gor undreds compared with 9,798,536 pounds in November last ar, with an average of $18.97 per undred pounds. Fire-cured sales amounted to 4,683, 650 nds, with an average of $8.03 per. hundred pounds compared with 4,631,032 pounds in November last year, with an average of $14.53 per hundred pounds. Sun-cured sales amounted to 228478 pounds, with an average of $7 per hun- dred pounds, compared with 201,678 sold last November at an average of $10.23 per hundred pounds. ‘Warehouse ‘men estimated that the quality of all saies during the month graded 12 per cent good, 27 per cent medium and 61 per cént common, com- pared with 20 per cent good, 41 per cent medjum and 30 per cent common for November, 1929. The burley market at Abingdon did not open until December 9, 50 no report % of sales was available from that market. The report was complled by John A, Hicks, ultural statistician of the Federal-State Crop Reporting Service, MORRIS BANK DIVIDEND. | BALTIMORE, December 12 (i al), —Directors of the Morris Plan of Baltimore yesterday declared the thirty- second semi-annual dividend of 8 cent on the capital stock, payable 8: cember 31 to holders of record Decem- ber 24. The stock iz on a 6 per cent annual basis. During the last year the savings deposits in the bank increased 20 per cent, officlals said, while the rege ular loan volume increased 10 per cent. walessrisis DIVIDENDS DECLARED NEW YORK, December 12 (#).~— i 0000DDD! 2, > FERYRRRYEYEY . Bt I Burt' (F N) LR - ST ey PEECW Empire Tr (Atianta) . Equitable Trul B 3 2 BEEEE S S5 EESSSSTULLES GiS sl 8 SEER ESMCCINSCNNLRSIER BESLIESEEEEENEESEEsSs FEER FRERENRRSNRIENY FRRRPEERE K & Trust lontelatr, N J) .$2.1 H:rldl Pow & Li Flour Mills'of Amer ol A. . - ® Do. $8 pf. K Hamilton _Cotions Hanover Fire " Honey Dew Hoover Bteel Hous b 555 weww 4 3 DOOOD DOOD DOOO OOO O O DOPOO noo?nooooo‘:onnoh 00ODODOODODO B smsmbiomen Banoa ~ well H H 7% § #%% ¥ mmuy 3 a3 'o_Letd.... Nat Battery Co. .. . Northern Mex Pow, & Dev pf.. 51,71 Yorthy Banicoipo Ohlo Savings Bank (Toledo) ontario Mg bF, Ottawa Lt Ht & B oeonBE 22 e -5 e Sauare D' Co'B.. State Tit & Mig. 31 Stockyards Natl Bk (Chicago) rd_Natl Bk 25 sao 8 Tr Mass) . pf..31 1 BERELEH 25 SSAE Detroit Sav Bank..20c First Nat Bk & Tr Loaws Bos ‘Thea ) 3g . Mobile & Ohio RR..35 Ohio Sav Bank & Tr (Toledo)... ... llu .- Philadel O0 ‘(néw). 3t ni e Sy ozt acific Ted ot Be A 4856 . 17 . 32 B 3 Jan. 10 Deec. 10 Blekfords Inc....... " B Dec. 30 Chatham State 30k 30% 3 | | RAW SILK FUTURES. [ | NEW YORK, December 12 . (Spe- . | clal).—Quotaticns for raw silk futures ‘{were lower again today, refl-cting unfavorabl> cables from the Far East- ern markets. Yokohama was off 17 to 31, Kobe, 20 to 30 lower and the oute (Chicago) Ohig Ind Jan. 2 2 8 Jan. &-A Jan. Reduced. Hercules Motors....30c @ Dec. 10 Stock. % Omlited: Vs Autom Washer pf..25c Q Due Jan. 1 Diamond Elec Mfs.. 2% 8tk Due Dec. 31 Due Jan. 1 Pirst Ohio Inv pf..§1.50 n’ll( Peop Tr ll"% " e Jun. e QBN t \ Month 4go onth ago. Yedt ago. Two years ago. Thre= years ago, weekly aver Higl, 1930 Low, 193 g: . High, 1929.. .. ¥ | | Low, 1929. . * New action ‘filed by State of Oklahoma against this company and two other be U. S. TREASURY BALANCE. Siceme Tecaus of Wiaged detinnce’of ‘The United States Treasury balance, r\nr:lr;h, Inc., two equity receivers ap- |and the sefling from houses with im. , >?hounced todsy as of close of business | pointed. ade | December 10, was $35,562,802.65. Cus- 1‘;,0(:% ”3.{',':;,“’,,“.",,,“,‘,?,.,&? ~ ;.'g‘.‘,’,fi toms receipts for the month to date both sides and deal‘r interests were were $11,352,500.69. Total ordimary ex- bidders for scattered amounts, | penditures, §9,671,945.90, . 3 & r Gon “amburg Jamburg, i §u,,.,E‘ g ‘ern). Boc —With warran v Without "warraats. jon issued. side markets were down 30 points. Trading was in moderat> volume, with | the buying mostly from trade intciests Weinb Dr Stores. Jan. 1 238228102 SILVER QUOTATIONS. NEW YORK, December 12 (#).—Bar silver, 32%. a332888% 23 low. (Copyright, 1930, Standard Siatistics Co.)