Evening Star Newspaper, December 16, 1930, Page 15

CURB ISSUES WEAK IN ACTIVE TRADING Oils Lead on Downturn, With Losses Sprinkled Through List. 15% 356 11 ‘3 BY JOHN A. CRONE. Epecial Dispatch to The Star. NEW YORK, December 16.—Irregu- larity at the op- - 'rg of the Curb Mar- ket today gave way to active weakness a8 ‘the session progressed, causing the market to move at an increased speed after midday on the down side. Electric Bond & Share at midday was only a shade below its opening quotation, and this was also true of Cities Service. Petroleum shares, how- ever, led the market in point of vol- ume, and they plunged rapidly. Humble Oil, Vacuum Ofl Inter- national Petroleum crashed to new low levels early in the session. South Penn Oil's decision to cease buying Somerset erude from the Cumberland Pipe Line Co. was mirrored in the former stock. Dividend changes and a price reduc- tion in export metal upset the copper list. Newmont Mining tumbled into new low ground following the announce- ment that the 5 per cent stock divi- dend declared a year ago would be omitted. The regular quarterly com- Il:'u cash dividend was declared. loranda Mines, which began the year with a $3 dividend rate and now is off & dividend basis, hit & new low follow- ing further curtailment, not because of production, but to aid in the world red- metal stabilization pact. Anglo-Chilean Nitrate on a fresh wave of selling dropped into new low territory. Dixon Crucible registered the widest break in the forenoon when it toppled wu to & new minimum quotation. Procks off -3, Consolidated Dairy Products off 2's, Glen Alden Coal off 3% and General Fireproofing off 11, were the widest movers in their respec- tive groups during this period. Sales in the first two hours amounted to 372,« 500 shares, compared with 458,300 the same period Monday. Today's ses- FINANCIAL, 1 98 100 10% 1% 5 180 105% 95% 13 1% 1% 9% 60 27 5% 11% 20% ™ 1% 4n 13% % 44 4% 1% 40 35% 87% 132 3% 5% b bl 107% sion was broader in point of number of | 157% led in. 6% issues trad 5 Shares completely ignored construc- tive corporate developments in some cases. E. W. Bliss Co. declared an ex- tra dividend of 8 per cent in common atock, yet its shares eased fractionally. Fire insurance stocks were dull and softer. Western Air Express, which has been carrying a record mall poundage, declined 4 points. The weakness of stocks was at once transmitted to Mayflower Associates, which holds a number of red metal and oil shares. Other investment companies that moved to new lows for the year or longer in- cluded American Investors B and Shen- A quarterly dividend of 50 cents, the second o declared by Chatham-Phenix Allied Corporation, was merely ted >the Oushn pendsd dontines & suspen ings in the common and convertible A shares of Nm!l‘\;fsmr-.lnc,'hmhumh process ition, because of 13114‘ 3 the company’s failure to maintain a local| 199 fer office. BONDS ON THE CUR! MARKET les in . DOMESTIC BONDS. % w. Noon. 2 Aluniinum Co $s '52. 02 1 e i 35! ) 22RT2ER2NTIS LB S ST L >>5 ot Ly S8, Js282aEs § H 5 2 d o W gl r=>".'lr, £, $sdis 4] a2ggad SR SRR 0! » nq' wEZ, 2k 3 & st :g: 58> SEEs* 28 i 2 ) o 2283328808838 i o irg BE SR IR W L NI Yol 59953 IE2 nol we e g 33 ) " FEE $232522388212388 82883282828 ¥ jeck-d gl 2ete, -, e <28, 581 S80383322233882252533222288! epiiL i SREF TR 2000 EF?: ) i é’ Kl 5 FEEEE SR TR SEESEE F I 25 % U 0 x':!a' B P sesagees a8 H 3855 s8assesann ¥ .... apy l’:m 7 = 2 2 saves i 5! i 3! £ o 1 Lht ] 13 Y4 2! o> § ORI - VEROPTPIOT ~ . NI URPCIOTIT - SOV Soey =EE‘ | H g .s. ] Q (- 2 AR REK| REEREET L 4 IR O ] *iood 12 44 3 5 Fl 4 5 (] H ] eIET S 00t e e 8 s G i 0 D O 8 e B 222RRITOIY! Faotss FH EE 258 P FEEEES Ea sSrsassssinseraess td s8useeadsysnzags sangaE :=:.=c;=3$_ 32 o ki Unit Indust :Ll 4. ww—With warrants. xw- ithout warr T When iasued. . v credi 96,000,000, ycar ago, $240,000,000. 25 18% 3% 30 1 3% 20% 3% 5 20 ™ " 8 100 57 143 15% 85% 3% 81% 26% G 95U T 3 20 % 22% Graymur Corp (1), 185 115% GrA&PT RS TRAN 5! - Low. 100 903 3 3% 20 % Stock and Dividend Rate. Grief & Brpf X (1).. 26s Grier Stores........ 1 Groo Strs Prod v.te.. 15 Guardian Invest Guenther Law (2) Gulf Ofl of Pa (1%). Hazeltine Corp (1).. Hecla Mining (1). Helena Rubenstel Hires (CE) (A) (1 Hudson Bay M & 8. Humble Oil (12%) Hvaro Bles See (3).. Hygrade Food Prod.. Imp Chem Ind (25c¢). 1mp Of) of Can (60c) Imp O11.Can reg(50¢c) Ind Pipe L new(3).. Ind Ter 111u Ofl (A).. Ind Ter Illu Of] (B).. Ind Fin ctfs (b10%). Indus Fin ev pf (). .150; InsCo N Am (13)... Intercoast Trade (1) Insurance See (10c). int Petroleum (1)... 1 Internat Products. .. Int Superpwr (11.10). Int Utilities A (334). Internat Util (B). InterstateEquiti Interstate Ecn pf(3) Interst Pow pf (7). . Irving Alr Chute (1). Italian Superp (A).« Italian Superp wal Klein (DE) Co (1)... Knott Corpn (21.60). Jer Cen P&L pf (7)..1008 Johnson Motor. 2 Jonas & N cum pf. Lefcourt Real 1.8 Air Investors vte. .. Ala Grt Sou pf (113) Alabama Pwr f (8 All AmGen Corp. Allegheny Ga. 2 2% 2% 2% Allied Mills (60c). T 8% 5% B% Aluminum Co of Am 6505 150% 155 180 AluCoof Ampf (6). 1 10! Alum Ltd cum pf 6). Alum Goods (1.20) Amer Austin Car Am Capital A(t1%). Am Capital (B) Am Cigar Co.. Am C P&L (A) (a3). AmCP&LB (10%) AmCom P A %) AmComPB (10%). & Am Cyanamid (B).. 108 Am Dept Stores..... 2 Am DT NJ ev pf (1) 2765 Am Equities. .. 34 Am For Pow (war).. 33 Am Founders(b4%). 23 AmGes & El(31)... 139 Am Invest Inc (B).. 65 2 47 Am Invest (war) Am Manufactur (4).200s 4 10s 100 26s 100 4 2 1 3 2 7 4268 3 31 85 4 1 4 5 “ 7 s L] 4 9 2 1 4 : R ™ Am Lt& Trae (2%}, 4 0 3 i 1 6 3 [ 1 3 108 2 4 1 s 1 Am Superpwr 1st(8) Am Tel&Tel 2d paid. Am Ut&G (B) (35e). BE8ualoniranBarne S _wm T »f (1) na Lan & Bx. MacMarr Stores (1), Mange L (8% Marconi 1 « Marion Steam Shov. Mass Uti] Asse. .. “Massey-Harri, Mavis Bottling. . Mayflow Asso (32).. Mead Johnson(t4%). Memphis N G Mer Ch &8 (1. - MerCh&SpfAéh.. Met & Min Inc (1.20). Met Chatn Store Mid 8t Pet vie A Mid St Pet vic B Mid W St Ut (1%) Mid West Ut (b3%). Mid West Ut B (w.i.) Mid W Ut ev pf xw 6 Midld Nat Gas A 1.20 Midvale Co (4)..... Miss Riv Fuel bd rts. MoKanPL (b10%). MoKanPLvte..... Moody's I 8 pt pf (3) Mount & Gulf (3e).. Mount Prod (1.60) Nat American Co. Atlantic Coast Fish Atlantic Lobos pf... &¥ i Voting Mach. Auto Vot M ey pf pt ¢ of N Eng Babcox & Wil (19 Bonnnary w3 " Tl B Bickford's Inc pf 2% Blauners (g2)....... Bliss (B W) Co (1).. Blue Ridge Cp(p20c) Blue Ridge cvpt(a3) Blumenthal (8) Bourjois Ine. Brasil Tr&Lt(b8%). Brill Corp (A) ($be). Brillow Mfg Co($0c) Bulovacvpf (3%).. Burco Inc (war). PRSI Seimrrannnman Sw BT Cable & Wire A rets. Nat Fam 8 (b10%).. Nat Fuel Gas (1), Cent 8t Ei (k0e) Cent St El ev pf (a6). Cent St El pf (6) xw. Nat PubSv A (1.60). 1 Nat Pub Sve pf (1).. 268 Nat Screen 8v (2)... Nat Sh T Sec A $50¢. Nat Sugar NJ (2) Nat Transit (1). Nauheim Phar pf. Nebel (Oscar).. Nelsner Bros pf (7). Nevada Cal Eiee. Newberry (JJ) 1.10. New Brad Ofl (50e New Eng Pow ot ( New Jersey Zine(+3) Newmont Min (£4).. Newport Co (2),.... NY Hamburg (3%). N'Y Pet Roy: Chat Ph Al n.v, (1 Cities Serv (gi0e). Cits per. Consol Dairy . Con: ‘Niagara 8b, Md(40e) Nl m-Pd (18).. Nipissing (3 Noma EI Corp (80¢) Noranda Mines. Nordon Corp Ltd. NoAm Aviat A wi No Am Ut 15t pf (8). Nor Central Texas. . Nor Europ Oi) Corp. Nor Ind Pub 8 pf (§) Nor P L (15). Nor 8t Pow A (8). Nor 8t Pow pf (1) North Wev pt (3)... Novadel-Ang (t4%). % Ohio Copper........ Ohio Ofl n eu E(H). . Oflstocks Ld B boe. . Okla Gas & El pf(1). Outboard Mot (4)... Pac G&N 1st pf (1%) 18 Cooper Bess pf A (3) PrincA 3 9 2 2 808 i s 1 50 Crown Cent Petrol. .. Cuban Cane pr opt w. Cuneo Press (2%)... Curtiss Airports vte. Curtiss Wright war. Dayton Alr & Bng. Deers & Co (81.20). De Forest Radio. ... DeH Alr Ltd rct 50c. Delsel W GiIb (1%). Derby Ofl Refining. . Detroit Alrcraft. Diamond Match n¢ Dia Match cu pt (n). 104 Dixon (J) Crue (8).. 10s Doehler Dis Casting. Douglas Aircraft (1) Paec Pub Bv (1. Pac Western Oi Pandem O11. Pantepec Oil. Paramount M Pender (D) Gr (B) Pennroad Cp (20¢).. 17! Penn-Mex Fuel (3) Penn Wat & Pow (3) Peop L& P A 22.40. Petrol Corp Philip Morri: Pierce Governor Lo wamwmeRB-a ErE Dresser Mfg (B) (2) Driver Harris new. . Dubilier Cond & Rad Duke Power (§15). .. b0; Duquesne Gas Cp wi. Durant Moters. ..... Durh Duplex pr pf... East G & ¥ Asso. East 5t Pow 1 3 3 9 8 2 2 3 L3 1 7 1 2 8 1 4 3 3 1 1 1 8 L3 2 6 8 10 18% 14 2% 8% 88% 88K 1024 102% % 124 12 1% 114 174 1M 904 903 1% 11 Polymet Mtg (b4%).816s Poterero Sugar. 1 Pratt & Lamb (1! . Prince & Whit (26c). Prince & Whitely pf. 2 Prudential Inveat... 67 Pub Sve. Nor I11(8). 1508 Pub Ut Hold (50¢).. 12 Public Ut!l Hold war 7 Pub Ut Hold xw 3 Puget S P & Lt pf(6) 20s Pyrene Mfg (30c) 3 Quaker Oats (8).... 508 RR&LtS (15).....1008 Rainbow Lum Pr A. 2 Rainbow Lum PrB.. 3 Reeves (Dan'l) (1%) Reliance Int (A) 1 17 Elec Pow Asso A (1) El Pow & Lt op war El1P&L 24 pf A (T) 1 Rock Lt & P (30¢). .. Roosevelt Field Ini Rubberoid Co (4). Ryan Consolidated. . Safe: Ay 8 w(24)(C) St Anihony Gold. St Regis Paper ( Sally Frocks, Ine. Florida P&L pf 1) Salt Creek Prod (2. Foltis Fischer Corp. A2 37 %e. [ Ford Mot I.td Franklin MfgCo.... lock Pkg (1.20) al Aviation. Baxing . . Baking pf (2). Gen Capital Corp. ... Gen El Ger rcts 1.92, Gen E Ltd ret (bve). Empire Cor (1). Gen Firepr (12%)... 2 Gen G&E cv pf B (§) 2508 Gen Laundry Mach.. 23 Thevpfwii3). 18 Georgia Pow pf (§).. 1 Gerrard (8A) (1%). Seton Leather (1) Shattuck M Shawingan W (23 3). Sherwin Will (14%). Sierra El pf (6). SoCalEd pf B (1%). SoCal Ed pf C (1%). 8o Col Pow (A) (2).. Southern Corp...... SouthldRoyalty (60e) :'WP”:M;:"”“' ) iry Products. 8 w%‘u Utilities. . .. Spanish & Gea rets.. $.5. 0 s o gs NUNAQEE AR TN~ AN INN A AN A = DR~ NN Cen Goldman Sach TC .. Gorham Incpf (3).. Goth Knitback Mch. e ST 2! 22% 22% 90s 165% 176 165% 176 ~we1208 116% 116% 116l 1264 Grt At&Paenv Bales— A€d 00. Ope~ 98 3 3 Guard Fire Asso (2) 1050s 20% 204 % 26% 26% 126 125% 106 105 27 27 38% 384 THE EVENING STAR, WASHINGTON, D. 8 14% 7 1% 27T% 3% 4% 22% k1Y % <L = Soek and ign " Tow " Dividend Rate. 31% 8+ Stand Dredging $60c. 1 40 Stand Invest Cum pf 1208 Standard Motors.... 3 Stand Of1 Ind (23%). 121 Stand Oil of KY (12) 14 Stand Ol Neb(133). 4 Stand Oil Ohio (2%) 45 Stand O Ohlo of (7). 208 Stand Oil of Ohto(5). 13 Stand P& L B (2). Starrett Corp. ... 12 Starrett Corp pf (3). Storkline Furn pf(2) Strauss Roth Sun Inv. .. Sun Inv of (3). Sunray Oil (b5%) . Swift & Co new (2) Swift Intl (13%) Syracuse W Mch( Taggart Corp (1).. Tampa Electric (32). Technicolor Inc Texon Oil&Land (5) Thatcher Sec Cori Tobacco & All Stks Tonopah Belmont. Tran Con Alr Tra % 30% 20 35% 43% 122 115% 103% 102% 34% 8 20 48% * 1y 6 16 22% 28 51 10 34% 38% 10 33 29% 98 Tubize Chatel (B). Ungerleider Cor‘u Utd Gas Corpn. ar). Utd Gas (w: Utd Gas pf (7). Sales— Add 00. Open. 40 % TUESDAY, DECEMBER 16, 1983 ~Frev, 1930.~ e. | High. Low. 1 High. Low, 6 6 56 UdLt& Utd Ry&! U S Dair; 5 US Elec US Playt Utah Me Util Pow Utility & Vacuum 6 46% 107% 85 21% Wilson J 14% 11% Com Edi 21 *Ex _divide) in cash or at dend. n Plus 8% in stock. Btock and Dividend Utd Lt & Pow A (1). 17% Pub Srv N Ill. .Feb. 2 Dividend rates in dollars based on iast quarterly or semi- 1 Plus 5% in stock. JPlus 2% in stock. kPlus 10% in stock. m Plus PINANCIAL.- SACTIONS ON THE NEW YORK CURB MARKET Bales— 56 21% 21% 21% 8% 88% 87 214 Pow pf (6). =2 7 Utd Milk Products. . Utd Profit Sharing.. El of Balto.. Y (A) (5)... Pow ww... U S Gypsum (12.10). U § & Int Secur. U S& Over ctfs 28% e ng Cards(4) Utah Apex (50¢) t & Tunnel. . & Lt UtP&LcfsB In Utility Equities. . Util Equit pf (5%).. (14%). Venezuela Petrol.... Vie Finan Cor (40¢). Walgreen Co. H) 9% | in ones (3 Zonite Products &), RICHTS. Rxpire son..Feb 3 17 12 124 6 164 174 16% nd. tPartly extrs ock. b Payable ¢ Plus 6% in 1Plus 4% ock. e Adjustment aivi tock. h Plus 1% in stock. 3% in stock NEW YORK STOCK EXCHANGE Receilved by Private Wire Direct to (Continued From Page 1 ock and Dividend Rate, Ward Baking pf (7). Warner Bros Plet. Warren Bros (3). War Bros cv pf (3)..100s Warner Quinlan.... & Warren Fay &P (3). & Webster Eisenlobr.. 2 Wess Oil & Snow (2). 2 WessO&Snpf (4).. 2 West Penn El pf (6). 10s West Penn El pf (7). 2308 West Penn Pw pf (§) 40s West Penn P pf (7).. 10s Western Dairy A (4) rn Dairy (B).. ern Md..... ~Prev.1930~ igh. Low. 1% 49% 80% 12% 63% 27w 40% 4 130 29% 59% 50% 104 92 112% 102 111% 104% 118% 113% 50 20 24% 4% 36 10% 8 11% 30% 9 53% 26% 219% 124% 52 31% 90% 07% 21% 201% 197% 1 48% 17% 36 33 59% 21 110% 93 Weston Elec (A) (2). Westvaco Chlor (2). 3 2 Bal Add 00. High. Low. Close. 9! 9% Wheeling & L Epf_, 100s 93 4. ~Prev.1930~ . | Prev Close. 49% 13 43 White M Wrigley Yale & Towne (2) Stock and Dividend Rate, otors (2). Wh Rock M 8 (14%4). White SewingMach. . Wilcox Oil & Gas. (Wm) ()., Yellow Truek. . Youngs Spring (). Young S Zenith Radle........ 20% 69% 2% h & Tube(5) Sales of Stocks on New York Exchange 10:30 A.M. s payments based on sUnit of trading I 4% in stock. regular 1 & Pyable in cash or stock. fPlus 10% in stock. § Plus 6% h Plus 2% in stock. i Plus 8% in stock. k Plus 3% in stock. m Plus 1% % in stock. n Plus & 1 r Plus 14% in stock. stock. b Payable in stock. d Payabl in stock % in stock. P Plus $1.00 in preferred stock. RECOVERY IN MARKET MAY HIT RAPID PACE %) Precedent Cited to Show Low 15| The parallels are not quite exact, for | % | the weight of the potential buying is % | expedition against everything of a finan- % |one of the main worries of the Street. %|did not appear sufficiently impressive Averages Are Likely This Month. Special Dispatch to The Star. NEW YORK, December 16.—Com- | parisons are being drawn between the stock-market action in 1907, following | the failure of the Knickerbocker Trust | Co., and what this precedent may mean in the present situation. In the earlier period the low aver- | age of the market was reached in No- | vember, about three weeks after the | bank suspension, and the end of From this it is gathered that stocks are likely to see their bottom figures this month, and that the be- ginnings of an improvement in | may be expected to be quite evident some time during the first half of 1931. the decline in commodities and in the percentage of decrease in various lines | of trade, as well as in railroad earnings, | have been greater in the past year than | they were in 1907. This may permit of & more rapid recovery than occurred following the banking troubles of that year. Brokers’ Comment NEW YORK, December 16.—A feel- ing that yesterday's irregularity held improvement was inconclusive was ex- pressed in brokerage house advices to clients today. Comments include: Jackson Bros., Boesel & Co.—"We believe that investors, cognizant of the intrinsic values now available at bar- gain prices, will come to Wall Street in growing numbers during the last two weeks of the calendar year. We do not question the statement that additional liquidation of necessitous character must be met. It seems to us, however, that beginning to match the selling. As the year draws to a close we anticipate that the number of individual buyers will tend to increase, whereas the number of individual sellers will tend to de- crease.” Shields & Co.—"The fear that Con- gress would go off on a wild fishing cial and stock market nature has been Apparently, it is recognized in Wash- now that any such activity would ll.m{fly result in extending the time of bggdnen depression and do no one any ‘Tobey & Kirk— great deal of ir- regularity and forced selling is inevitable under the present circumstances, but this 15 & most favorable time for pur- chases by discriminating investors and many are taking advantage of oppor- tunities now in evidence.” Redmond & Co.: “Yesterday's rally to suggest a completion of necessitous liquidation and a definite turning int in the market. o — A Hornblower & Weeks: “While it was encouraging to have the market main- tain itself, we detected support sim- ilar to that which the market encoun- |Bell tered the early pgrt of last week, and for this reason, we feel that yester- day’s performance was inconclusive.” Benjamin, Hill & Co.: “While con- ceding that at these levels many high- grade stocks look cheap, we advise a cautious attitude until there is every evidence that liquidation has been com- pleted and & defin: structive side has been ostablished.” —— = FOREIGN EXCHANGES, (Quotations furnished by W. B. Hibbs & Co.) London, ris. Brussel rl pound. trane bel 26 74150 26.74c 26.840 o The bridal veil had its in the East, where many women still go veiled during the greater part of their lives, and where a husband is not supposed to see his bride's face until after the rriage. % ceremony of ma: lefinite trend on the con- - n STOCK AND BOND AVERAGES By the Associated Press. Prom Yesterday' s 5:30 Edition. STOCKS. 50 Industrials, ago. ‘Three years ago, weekly aver High, 1930 (Copyright, 1930, Standard Statistics Co.) MACHINE-TOOL MARKETS HAVE BETTER INQUIRIES Special Dispatch to The Star. NEW YORK, December 16.—Optimism | is mounting in the country’s machinery | and machine tool centers. One market after another is pulling itself loose from the psychological pessimism that has pervaded the industry for several months, American Machinist reports. Inquiries, headed by several from the Navy, look more like subsequent orders, and orders are increasing slightly. Man- ufacturers and dealers amazed to find December sales totals at least even, and in many cases a little ahead, of the corresponding totals for November. Price pressure is being felt, particularly in the used tool market. New York has several inquiries from various sources, increasing orders of the same sort, and a better volume of De- cember sales. Chicago dealers are fac- ing the year end optimistically, with grinding machine inquiries and sales of other tools contributing factors. Re- ports from Philadelphia and Cleveland markets are gloomy, the Quaker City report being more doleful and Cleve- land indicating fewer inquiries, sales of used tools and the possibility of orders from the Yoder Manufacturing Co. | New England machinery markets are still quiet. Cincinnati reports moderate business, although inquiries and orders show astrength. One manufacturer there obtained an automotive order for sev~ eral tools. Detroit is planning for next year and looks hopefully toward auto- motive manufacturers. dianapolis sales are slightly better as a result of increased general produc- tion, particularly among furniture and allied manufacturers. Milwaukee re- ports December on a par with Novem- ber. American Machinist’s showing of new tools is 29 per cent above normal, indicating good use of slack times, SHORT-TERM SECURITIES, (Reported by J. & W. Seligman & Co.) American Thread 8igs 193 Baltimore & Ohlo 4795 193: Batevian Fet, Corp. 41zn s 3 19 Tel. of Canada nia Pet. Tslan Chile Copper Cc. S5 1947.....10 88 acking Co. 5'as 1937 97 Ge) Accep. Corp. 85 1937 10214 General Pet. Corp. 55 1040 102} General Theaters Equin, 8’ i34 Goodyear T. & R. 55 1057 Grand Trunk of Canada 6s Quit Oil of pa. 58 1037 o Sinclair Grude Ol Co. 5123 tandard Ol N. Jerses 55 19 Standara Ofl N. York 413 19 ¢ So. Ry. 33 Mt. & So. ng Steel 1 Cor ing Steel Gorp Corp. COPPER PRICE REDUCED. NEW YORK, December 16 (#).—Cop- of export copper a pound ”m 10.80 cents n% c.lf, European base ports. The reduction placed the foreign price on a level with 10%; cents for domestic copper. Large producers, however, are remaining out of the marked Wheels ‘Wheel GRAIN MARKET CHICAGO, December 16 (Special).— The wheat market was fractionally low- er today, reflecting the weakness in Liverpool and Buenos Aires. Trade was light. ~December, old, 1% ?1"" 71132':.%1 h, oald.; ki s ew, 79 ay, ol i new, 8117 to 81%. After the firsthalt hour Desember, old. new, 773 ; March, old, 9l; May, old, 81; new, 811%. Corn was lower with wheat. Decem- ber, old, opened at 71; March, old, 73% to 74; new, 741, May, old, 76 to 75%; new, 76% to 7615, After the first half hour, December, “old, 71; March, old, ’l!z.; new, 74%; May, old, 75%; new, ew, 7! Oats were easier. December, old an new, opened 33%; M,mh. old, May, old, 35%. Afte? the hour, ber, old, 33%; March, old, 343 Provisions were | *se A_IS RAIL FREIGHT OFF 113% IN OCTOBER Decrease of 13.6 Per Cent Recorded for First Ten Months of Year. Special Dispatch to The Star. NEW YORK, December 16.—Class 1 rallroads of the United States handled in October 39,201,972,000 net ton miles of freight, according to the Bureau of Rallway Economics. This represented a reduction of 8543,822,000 net ton miles, or 17.9 per cent, compared with October, 1929, and a decrease of 8,941,« 897,000 net ton miles, or 18.5 per cen from October, 1928. In the first I months of this year the volume of dled by these roads amount- | freight hang ed to 360,783,628,000 net ton miles, & reduction of 56,742,817,000 net miles, or 13.6 per cent, from the the od in 1929, and a drop of u.'l’flywm net ton miles, or 9.2 per cent, from the same period in 1928. In the Eastern district the freight traffic handled in October yas 18.8 per cent less than that in the corresponde ing month in 1929; the Southern dis- trict reported 18.3 per cent less and the Western district a decline of 16.8 cent. In the first 10 months of this year the Eastern district reported a re- rpl 213,752, a rise of 22,815; surplus box- cars 304,100, an increase of 19,755; surplus stock cars 28,605, an upturn of 1,783, and surplus refrigerator cars 118 n increase of 2,270. BRIDGE CONTRACT AWARDED. BALTIMORE, December 16 (Special). —A contract for bulmnf a bridge over the Great Seneca Creek on the road Montuomery Gounty, 1as been anirded y N AWAT l(onm State ng Commission to the ‘x%co% 0 S $9,102.50 and work will be pushed as rapidly as the weather permits. —_— RECEIVERSHIP ASKED. HARTPFORD, Conn.,, December 16 (%), attorney dvantages in the Shoreham Building Service E know the value of competent and continuous service in business —and The Shoreham Building is conducted in the most up-to-date manner— with its superior fa- cilities in charge of a trained force, under the constant personal supervision of the Building Manager. Thus everything in modern equipment and concentrated at- tention that will make the business day run smoothly is provided. Space is available to meet every re- quirement. Your in- spection will be ap- preciated. MEKEEVER & GOSS$ 6 Representative of the Owners SHOREHAM INVESTMENT COMPANY Rental Office Room 520 15th at H National 5643 First Mortgage Loans On improved Real Es d mearby Maryland in the District of Col bia Virginia for 3, b or 10 yoar terms on your 3%2% Offics Building Business Property RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESFPONDENT New York Life Insurance Company 1321 Connecticut Ave. Decatur 3600 Complete Investment and Brokerage Service Copy of Our "Fortnightly Review” Furnished on Request G. M."P. MURPHY & CoO. Members New York Stock Exchange 1510 H Street Connecticut at K WASHINGTON i New York . lidm* 1 TN Telephone National 9600 Philadelphia