Evening Star Newspaper, December 16, 1930, Page 14

A=14 xex FINANCIA GROWTH OF TRUST BSNESS ISR~ Official of New York Com-| i 4 - pany Comments on Improve- ment in Methods. NEW YORK 3@515 HCEANGE BflNflS UNSETTLED @QNQS: DECREASE IN'STEEL = BY SELLING DRIVE...,.: QUTPUT IS NOTED UNITED STATES. (Bales are tn $1.000.) Sales. High. Low, Closs. 101 26101 26 Contmued Weakness: in Sec- Survey Shows 19 Per Cent tions of Stock List Affects Drop in World Production, Debentures. Iron Supplies Off. FINANCIAL, Stock and Dividend ‘Rate, _Add Plerce-Arrow A (2). Plerce-Arrow pf (6) . Plerce Ofl Pierce Petrolm (10c). Pillsbury Flour (3).. Pirelll Italy (a3.14). Pittsburgh Coal..... Pittaburgh Coal pf.. Pitts Screw (1.40)... Pitts Steel pf (7).... Pittsburgh Unit Corg Pitts Unit Cp pf(7). Pitts & W Va(6). Poor & Co (B) (2). (Continued From Page 13.) ’ Stock and Sales— Sales. High. Low. Close. BRIy Lac G 8t L 6asa. "5 101 101% 2014 % Laglede 5348 D60, 1°102 . 102 Lautaro Nit 6s'54. 13 44 Lig & Myers §s ‘51, 103 18 103 20 Liz & Myers 7s*44. 1027 1027 lM"l.."r‘(l. 102 22 102 22 . 10611 106 11 ldrl"lrl!l'l e 10816 10816 |Lou G & Bi 633 11218 1128 11218 | McCormack 6s ‘34. M FOREIGN. cKes&Ro 5§34 9'50 Salen M 10229 103 oo o' vIlli-..., 5 us Ullll'lt.. ..un._-sf 78 22 115% 49% Intl 146% 137% 22% Intl Mateh pf (4).... Intl Mer Marine (2). Intl Nick of Can (1), 275 Intl Paper pf (7). .. 20- Int] Paper & Pwr A. SreanBnamannn Man 8 18t 738 '43. Midvale Steel 55°3¢ Mont Pow 58 '43 Mont P db 5x A '63. Mor & Colst 4%s. Argentine 53 Argentine §34s°63. 2 BY JOHN F. SINCLAIR. BY F. H. RICHARDSON. Special Dispatch to The Star. - ‘Gpecial Dispatch to The Btar. -NEW YORK, December 16.—Francis 'H. Sisson, vice president of the Guar- anty Trust Co. of New York, says there s “no stagnation in the trust business.” In recent years this business has been growing steadily. Thousands of estates pass into other hands each year &nd a large percentage of the business is now handled by the various trust ‘companies throughout the country. Mr. Sisson believes the astonishing !NWM in the trust company's business to the “increasing business ef- ficiency” of their managements. N"fi‘éfll not enough that the resources of safety,” Mr. Sisson told a‘::nflng efficiency of the lmmuuon is basis of its permanency.” Mr. Sisson believes that the results agreed 2.300,000 tons ln 1831, cnmplred 'lfll the norm-.l exportable surplus of 2,700,000 tons. course, this 3 story, for Java is allowed to increase her exports at the rate of 100,000 tons year until 1935, when 2,750,000 allowable. industry share of troubles and view the sttempt to rectify this condition as is being attended by tatives of Cuba, Java, lgium, Czechoslovakia and such a break- Julius H. Barnes, chairman of the WNational Business Sury le- than last year. All true—but retail trade shows up well—off only 7 per cent; collections and t buying is on the The conference is watching closely to mee when eonlumpuon in the Munfl- exceeds nt n lhe dig into surplus . And when this is out of the way, business will again normal. (Copyright. 1930, by North American News- Daper Alliance.) BROKER DUES RAISED TO $1,000 PER YEAR Quarterly Payments of $250 Or- dered by New York Stock Exchange. @pecial Dispatch to The Star. NEW YORK, December 16.—An in- crease of $200 in the annual dues of Tmembers of the New York Stock B was announced yesterday, were nofiflzduuv. ue nm quarterly installment '\!Illd be $250, payable ofl January dues paid by members during 1”0 amounted to $800 each. While no explanation of the tncnut in dues was mlwe it was reported in Wall Street that the higher nle Was due to the decreased the Exchange part of the u(eellnuflonmv M 101 32% 45% 62 112% % Intl Pap & Pow (C).. Intl Pap & P pf (7) .. Int Print Ink of (). 16 5 508 Intl Rys Cent Amer. 110' Int] Salt (3) . Int Shoe (3). . Intl Silver pf (7). Intl Tel & Tel (2). Inter Dept Strs (2).. l . 808 100 4 Int Dpt St pf xw (7). 208 Investors Equity (2) Island Cr Coal (4! Jewel Tea (15) - 50% Johns-Manville (3). . 5 22 148% % 123% 117% Johns-Manv pf (7)..100s 117% 123% 118% Jones&Laugh pf (7).250s 120 5% % Jordan Motor Car... 6 85% Kans City Sou (5)... 2 20% Kaufmann DS (1%) 4 41% Kayser Julius (2%). § 6% Kelly-Spring Tire... 3 4 Kelly-Spring 8% of. 410- Kelsey Hayes (2). Kelvinator Corp . 0 Kend Co pf (16.37).. 10s Kennecott Copper(2) 207 Kimberly-Clark (t3) 2 Kinney (GR) (1).... 1 Kinney (GR) pf (8). Ofll Kolster Radfo....... % Kresge (SS) Co 1.60. Kresge (88) pf (7).. ll'l 105 Kresge Dept St pf...100s Kreug & Toll (1.60). 117 zz«. Krog Gr & Bak (nl). 44 20% Lambert Co (8). 35 Lee Rubber & T 2 % Lehigh PortCmt (1) 1 5% Lehigh Valley Coal.. 30 40 Lehigh Val (t4%) 1 84% Lehman Corp (3). 26 21 Lehn & Fink (3) 2 10% Libbey O Ford Glass ® lll% 79 Liggett & Myer (16). 3 114% 79% Lig& Myers B (15).. 27 49% 18% Lima Locomotive. 6 30 Link Belt (2.60). . 40% Liquid Carbonio (6). 4 42% Loew’s, Inc (t4).... 106 85% Loew’s Inc pf (634). 84 Loew’s pf xw (l!fi).. 2% LoftINnG....ooveees 3% Long Bell Lumb (A) . 454 Loose-Wiles (12.90). 18 10% Larillard (P) Co. 33 4 78% Louis Oll pf (6%). .. 400 27 LouG&E(A) (1%) 90 Louis & Nash (7)... 9% Ludlum Steel. .. 93 MacA & Forb pf (8. 28 MecGraw-Hill (2). 14% Meclntyre Pore M ( 61 McKeespt Tin Pl(fl) 10% McKesson & Rob (1) 25% McKes& R pf (3%). 16 Market St Ry pr. 5% Marmon Motor Car. 29 Marshall Fleld (23%) Martin Parry % 136 116 Mathieson pf (7) 61% 29% May Dept Strs (n! 5 Maytag Company... % 15% Maytag Co of (3). % €9 Maytag Co 1st pf (6) 26 Melville Shoe (3).... 23 40° 84! 42 :eg:E;; “K Midland Steel (3) . 110 103 MIl1EIR & Lt pf (6). 76% 39% Min Hon’w Reg (14). 3% Minn Moline Pow... 51 MinnMoline pf (6%). 3% Mino & St Louis. . Monsanto Ch III'A)‘ 16% Mon Ward. 48% Morrell & Co (4.40)." % Mother Lode, ....... 1% Motor Meter G & El. 25 Motor Products (2). 14% Motor Wheel (3). . 26% Munsingwear (t4) 9 Murray (B)(2% stk) 24 Nash Motors (4).. 87 Nash Chat &St L (5) 6% Nat Acme (1%) 1 Nat Alr Tran: 3% Nat Bella H 18% Nat Bella H pf 93 68% Nat Biscuit (13.30). 83% 28 NatCash Reg A 6 62 38% Natl Dairy (2.60). 70 Nat Dept St 1st (7). .100: 21% NatDist Products(2) 17% Nat Enam & Stamp. . 115 Nat Lead (18) 138% Nat Lead of (A) (7). Illl 116 Nat Lead of (B) (6). 20s 30 NatPow&Lt(l). 68 % Nat Ry Mex 24 pt 41 Nat Steel (2).. 69% Nat Supply (5) 40% Nat Surety (5) 14% Natl Tea (1) 9% Nevada Cop 40 118 N O Tex & Mex (7)..100s 40% NewportCd (A) (3). 1 58 12% Newtop Steel. 6 192% 111 N Y Central (8). lll 74 NYCh&StL(6).. 26 NYDock........ Hl 155 N Y & Harlem (5) 32 11% N Y Invest (1.20). 128% State Raflways. 100 N Y Steam pf(6).... 110 N Y Steam 1st pf (7) 4% Norfolk & Southern. 190 Norfolk&West (112) 92% 83 Norf & West pf (4).. 16% 5% North Am Aviation.. 132% 59% Nor Am (b10%stk).. 57 61 North Amerdf (3).. loue 100 North Am E4 pf (6). 45% Northern Pacific (5). 33 w‘/- 42 Northwest Tel (3)... IOI 4 - % Norwalk Tire & Rub. 32 16% OhioON Co (2)..... u 34% 2% Oliver Farm Equip.. 17 90% 17% Oliv Farm Eq prpf. . ‘4% Oliver Farm Eq ev pt 2% Omnibus Corp...... 650 Omnibus pf (A) (8). 48% OtisElevn (2%). 10 Otis Steel...... 33% Owens 11l Glass (3). 9 Pacific Coast 2d pf. .. 42% Pacific Gas & Bl (3). 48% Pacifio Lighting (3). 16% Pacific Mills........ 6% 120% Pacific Tel & Tel (7) 220- 120 % Packard Motor (60c) 30 !M 12% m Panhandle P&R.... 2 77% 86 Param'nt Publix (4). 70 3! 6% Park & Tiiford...... 1 1% Park Utah... 6 lh 3% Parmelee Tran ($0c) 3% 2 Pathe Exchange.... 2% 4% Pathe Exchange (A) 4% 8% Patino Mines....... ? 3 Peerless Motor Car.. 3% 26% Penick&Ford (11%) 30 Penney (JO) (3) .. 12 865 oo People's Gas Ch (8). Pere Marquette (18) 8% Petrol Corp (1%)... 204 Phelps Dodge (2). .. 96% Phila Co pf new(6) 50% ml-e-u, oL (). l Phila Read C&1L.... 8% Philip Morris&Co(1) 13% Phillips Petrol (n3). 104 s 5195 JOPH 1 TN~ |- AT ==-;§§Rsfl=58-§§ PRAmM Tob A (3%), PR Am Tob (B).... Postal Tel & C pf (7) Prairie Ol & Gas (2) Prairfe Pipe L (15).. Pressed Steel Car . Pressed S8t C pf (7).. Proct & Gamb (2.40) Prod & Refiner: Prod & Refiners pf. PubSvNJ (3.40). .. PubSv N Jpf (6)... Pub 8v N J pf (6). Pub 8v N J pf(7) Pullman Corp (4 pleaBRenaonTel e Purity Bakeries (4). Radio Corp .. Radio pf A (334) Radio Corp (B) (5).. Radio-Keith-Orph A. Raybestos Man 2.60. Reading Rwy (4).... Reading 2d pf (2)... Real Silk Hosiery(3) Reis (Robt) & Co . Rem Rand (1.6, Reo Motor ctf {80¢). Republic St .o Republic Steel pf (6) Revere Copper & Br. Reynolds Metals (2). Reynolds Spring. ... Reynolds Tob B (3). Rhine W E1 P (2.14) . Richfield Of1. Rio Grande Ofl. . Rossla Insur (2.20) Royal Dutch a2.2165. Safeway Stores (5). Saf y Strs pf (7). St Joseph Lead (13). St L-San Fran (3)... St L Southwestern St L Southwesternpf Savage Arms (2) Schulte Retall Strs. Scott Paper (31.40) Seaboard Afr Line. Seab’d Air Line pf... Seagrave (1.20)..... Sears Rosbuck 11%. was -usv/. Sharon Steel Hoop. . Shattuck(FG)(t1%) Shell Trad (a2.423).. Shell Union O11 Shell Un Ofl pt lllj) Shubert Theaters. .. Simmons Co. Simms Petroleum. .. SinclairCon O1l (1) Sloss-Sheffield pf Snider Packing. . Solvay Am pr ww 5% Sou P Ric Sug (1.40) Sou P Ric Sug pf (8) Southern Cal B4 (2). Southern Dair A 1% Southern Pacifio (6, Southern Rwy (8)... Southern Rwy pf (§) Sou Ry M&Oct (4). Spalding (A G) (2) Spang-Chalfant. Spang-Chal pf (6).. .1 Sparks Withing (1). Spencer Kellog(80c) 81 Stand Oilof Kan (2). 18 Stand Ofl of NJ (13) 584 20% Stand OII N Y (1.60). 104 4 28 1 o Starrett (L 8)(12%) 3 33 Sterl Bec cv pf (3). Stewart-Warner (3 Stone & W Sun O11 (11). Superheater ( Superior Ofl. Superior St. Sweets of Amer (1 Symington (A). - Telautograph (71.40) ‘Tennessee Corp (1).. Texas Corp (3) Sua-.........u » e (7S Thompson Pr (2.40 Thomp-Star pf (3% ) Tide Water As (80c) 20 Tide Water As pf (6) 11 Tide Wat Oil (80c). . Timken Det Ax (80c) Timken Roller (3)... Tobacco Product: Tobacco Prod A t95¢ Transamerica (1). Transue &W (1). Trico Prod (2%) Truax Traer (1.60) Tri-Cont Corp. Tri-Cont Corp pf (§). Twin City R Tr (§4). Ulen & Co (1.60) Una-Ell-Fischer (8). Und-Ell-Fisch pt (7) 1001 |2’ Union Bag & Paper. 3 Union Carbide (2. IO) 1us 55% Union Oil, Calif (32) 9 21% Union Pacific (10)... Union Pacific pf (0). Un Tank Car (1.60) 24 Utd Alrcrafe. . Utd Afrcraft pf (3) ‘UnitedBiscuit (2). United Carbon (1). o B amndheneSSanan Utd Gas & Im (1. lfl)- Utd Gas & Im pt (6). Utd Plece Dye W (2) 13 22% Utd Plece D pt (6%). Ml IOSW Utd Stores (A)...... Utd Stores pf (2%). U 8 Distributing. ... U S Distribut pf (7). U S & For Secur. .. & For Seo pt (§). vmnn (I)A pe & UHIP &S (A)et2.16. Vadasco Sales Corp. . Vanadium Corp (3). Va-Car Chem. Va-Car Chem 6% pt. 11% Va El & Pow pf (6).. uo. 104% Vulean Det (4).. 9% Vulean Det pf (7)... 10. 1 Wabash pf (A) (6).. & Waldort Systm (1%) 3 Walworth Co (3).... 11 3 Ward Baking (A)... 30s 4 Ward Baking (B) . 10 T 4Gontinued oo Page 353, Special Dispatch to The Star. NEW YORK, December u.—uquldl- tion of bonds continued today in moderate volume ,of trading. But tbe market was more_selective than in re- cent sessions. Quite a number of is- sues were strong| hy‘ and made gains -nin-t sel m id. not dis- nflud the class.of securities sac- uuch of the attributed to banks, still Wn.lovru'l‘i‘;:unl fliflh’ cash mflonl "by converting 1s- .'g.g. cor- hand, con- of stocks was reflected ln forced selling to provide additional margins. Tax lellln: added its bit to the whole. Money rates were un- changed at 2%, to 2‘/. per cent for 90- d.m! irity ‘in the high a -grade group appeared at the nlnlll g:‘ llfl— ed Canadian Pu'fi,pfiec Chesapeake Corgors "“'um""'-“.'m““"“ esa) Telephone 5%s, Philadelphia Oo 58 lnd Columbia Gas 5s above their There was still n l.n Bnmmon&ohb‘-,ofll points; in Canadian National Ss, ternational Telephone 5s and Inland Steel 4%s. United States Government issues were mostly unchanged after nrly selling and a subsequent recovery. On the Curb mlunxe Gillette Rasor 58 equaled the low. Citles Bervice 55 were unchanged. Van Swer- Ingen 6s made a new low, ofl:pdnu and then recovered in Associal Gas 55 of the 1950 968 maturities were at new bottoms. piss s e O T Washington Stock Exchange SALES. Washington Gas 6s “A"—8500 at 102%. ‘B"—$200 at 105%,, ‘Washington Gas 6s $300 at 105, $200 at 105%,. Barber & Ross 6%s—$1,000 lt 85. Federal-American National & Trust—10 at 53, 40 at 53. AFTER CALL. Mergenthaler Linotype—4 at 885. Pederal-American Co. com.—10 at 29, 5 at 20%,. Peoples Dru. Stores p(d—4 at 99 Potomac Electric 5 pfd.—o at m% Po::;nu Electric 56—$1,000 at Y. Bid and Asked Prices. Wash.' Cons. Tit] STOCKS. mua v-mm 0T o nee', Fowe o ot ’n';: Eige. m-'r' sv,fi’ & Bl com. ¢ Bank of Bethesda ( Commerce & Savings o8 remen’s National Union {i5) TITLE INSURANCE. Columbla (6h) Real Estate (§h) e &y &, g3 8w Woodward & u{mon Bra. iy 'lx dl'ldflll losed. Butwr—anppmmd prints, 38a39; tub, 37%a3 Honnery 32a35; curremt re- cel %lm,uu—m , young, 26a28; old, 22a23; chickens, 7830, Leghorns, 16a17; fowls, 17a20; Leghorn fowls, 128 13; rooste 14a15; ducks, 15; Keats, 50060; old, 26 22 lo'lll heavy, 22a23; large, 42a43; d\lck& "24a35; keats, young, 70a80; old, Hnb——&et 18a23; veal, 18a323; lamb, 20a23; pork, loin, 24; fresh hams, 24; fresh shoulders, 20, Smoks Lard—in bulk, 11',5, Live stock—Calves, 11; Fruits—Strawberries, gt lM. oranges, Florida, 3.00a4: ll'!lb. California navels, 4.7587 1.75a2.25; grapefruit, 2,508 .25, Xam- quats, per quart box, lnnll Em- r sawdust 1 cran| .75;, Persian apples, bushel mh 1'.}-“0- 2,00a3, box ' 3.26a3" 18 ge- stock, 0025.00. Vegetables—Potatoes, llo-m-ah, mz t \toes, per bushel, 1ds sacks, 5 Argentine May ‘81, 1 Argentine 6s Ju 's9 26 Nat Ra ustralia 'S5, Australia 55 '57... Aui Nor St Pow 68 A 41 Nor St Pow Nat Mr! l"l‘ll TS =SSl onl world, but NEW YORK, December 16.—The world production of iron and steel In 1930 declined to the lowest totals since 1926, according to a special re- view of the industry K half the rate of the rest of the that in the production of with world. steel the decrease in this country was 27 per cent, com) for the rest of 14 per cent Juanuo 8i4m 5. ugos] Bank 7s '57. SRSl NAwam mowNEene PETTTTTRNTY A MISCELLA Abitib! P & e SEas® » amBaatlaanRadnwean [rroyey amon L At Ref d.h L Bell Tel Pa & 2,285 aERSasna Dodge Bros cl lr“ Duguesne 4145 '67. mnn-n 4.0 3! Aamacn n=ana e ek ks Sanunshola - BT 7. KanC I’MIIA ‘53 Kan Gas&E ¢ %3 "8t Kend 5%s 48 ww. . 47 'w Bt 8850, 101 aeo moamla Pure Oll 6%s'37... Rem Armi A 31 Rem R'd 5%8 A 47 Richfi'd O cal Shell Un O11 65°47. Sinel O 6348 B ‘38, Sincl O Ts cv A '37 Sinel Cr O 6% Sinelair P L 6 BBER wwo mam ors StONNY 4y SugEsOr 7s'42... ‘Tenn Copper @ aEane=Tna noRBo~E 9 Util Pow 5% ‘47 Vert Sug 1st 7, 41. 14 YouSt&TEs18.. 14 RAILROAD. Atchison gen 4n"96 34 96 ush Ter con Can Nat 4348 '54. /| Can Nat 4348 57, Can Nat 4343 ‘¢! Can Nat 4348 '70. Can Natl 4% s Can Nat 6s July ‘69 Can Nat §s Oct Can Nor 4%s 033 e ° £ ¥ 0:9 29989 Clev Term 5%s '72 Colo & Sou 4%4s '35 Cuba RR5s'52... Cuba Nor A Del & Hud rf 43 '43 Del & Hud 53%5°37. D& RGren 4s'38, D& RGr4%s Den&R G W 68 '55. Erie Gen ¢s. Brie cv frie 68 1975 Erie Pa clt tr 4851 Fla E Coast 58 °74. Fond J&G 4%8’5! GrTrstfdb Gr Nor gen 78 "3 HavERL& P §s. Hav El Ry 5%s ‘51, Int & G N ad 6 Kan CFtS&M 48’3/ Kan City Sou Kan City Sou Kan City Ter Lake Shore Lake Shore Leh Val ev & ! 81 Leh Val 58 2000 99 L & N uni 0. L&N1stre 6% Manh Ry 1st 43 ‘90 Market St 7 M ERy &L M &SL 1strf 4539 M StP&SSM con 48 MStP&SSM 5%8'18 00% lll(l'l'l-tu'ni N¥Ca l-,&n 3. g 3T "4 | output of mol 20 100% 100% 100% world except ‘A mixed trend is oemln.uuvnlmshm‘mn While the United sequen Peuoleum Conversion st 6% and American Corporation at '&ht 8 f - slightly lower. = Claude Neon 3% was a shade higher. ‘were ubcul. steady. NEW YORK COTTON l&-‘ 11 100 98% 100 6%sB 4 107% 117% 107% Lll‘ll 8 99% 99K 99 b4s'ST 2 67 €7 67 4%e'87 6 86 86 86 18 110% 1104 110% 5 102 101% 101% 37 ATH Nor & Wnov 4s ‘96 Nor Pacific ll 2047 e 101% 101% 107% 107% c Port Ry s '43. mi-lflill RIAr&L+ 80% nou"" 99 Long Isl rf és 4! i Sl 91 8 96% 95k 954 2 105% 105% 105% (1) 0% 9% 3% ] ¢