Evening Star Newspaper, December 19, 1930, Page 14

FINANCIAL. STABLTY OF COAL = = INDUSTRY 1 SHOWN lol So% 9o« 70w 'Only Slight Decline in Spot % o T5e| Prices Reported—Produc- THE EVENING STAR, WASHINGTON, D. C. 'FRIDAY, DECEMBER 19, 1930. NI (=== ONDS = PROES CONTICE| ., UNITED STATES. Bales. mm u- mon (Sales are in $1.000.) \otu. lom WZV. List Moves Forward in Con- servative Trading—All FINANCIAL. NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. A—14 *x=* SWIET DROP IN RED ROSTER IS SHOWN Only 8,385 Communists Re- ported as Residents of Prev. Close. Close. 3 39% 1 Stock and Dividend Rate, 214 Second Natl Inv 85 Second Natl Inv pf.. Seneca Copper. Servel Inc. . Sharon Stesl Hoop. . Sharp & Dohme. Shattuck(FG) (11%) Shell Unfon Oil...... % Shell Un Ofl pf (5%) Sale: ~Prev.1930~ (Continued From Page 13.) i Add ,.l,'_"m.a... Low. Sales. High. 3 . 110 10129 410229 110 10820 210217 25 10614 12 208 16 20 11212 ~Prev.1930~ High. Low. 891 61 37T% 10% 25% 6 72 33% 86 Bares— Prov. Add 00. High. Low. Close. Close. 6 7114 69% 714 Stoc Dividend Rate. K 15% 34 Mont P ab b5 A '63. Mor & Co 18t 3% McLellan Stores. ... . McLellan S pf A (6). Mack Trucks (4). Macy & Co (rs3) 14% 4% W% 105% 105% 106% This Country. BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK, Decerybe‘r 19.—“A glorified craps game” is the way one business man described the gyrations of the Auburn Auto stock on the New York Stock Exchange yesterday. “Here is a company,” he added, “ has 185,000 shares of stock. closed at 99 Wednesday night. terday it went up from 99 to 119% and closed for the day at 112, with 60,000 shares, one third of the total issue, traded in. Nobody can tell me that that company is 15 per cent better off tonight than it was last night, yet that is the way the market rec- ords show uj After the pspectacuhr rise of stocks on Wednesday many felt that the mar- ket would weak yesterday, possibly receding slightly. But, while there was a sell-off toward the end, the market wu strong most of the day and closed slightly above Wednesdays prices, with total shles of 3,280,000 After three weeks of receding prices the bulls are much encouraged. Communist Population. i It may surprise many American busi- ness me};\ and_women to learn that of the 4,000,000 Communists in the world only a handful—8.385 to be exact—are reported as living in the United States. Of course, this is an estimate. There may be a few more or there may be a few less. But 10,000 would be & liberal guess of the number in the ited States. Ux;n other countries the number has ased rather than increased during 253"1..: z?o years. For example, in Czechoslovakia flure were 150,000 in lflfllbul“l against 3 tW in 1930, & loss t 74 per cent ol!; other eop\:nmu—in fact, in every gy o, B e g'nnu there has been a drop from 52 000 members to 38,500. And so it the number is in Rus- sia, wh:re, uenrbfl}cn to the Russian estimates, about 3,500,000 are enrolled in the vnfinus communistic organi- “g?xlest.he small number in the United States—one for every 12,500 persons— should cause no great alarm so far as the American institutions are con- cerned. The danger to American in- stitutions has never come from the out- side; it has always been from within. Roy A. Young, 48, governor of the Pederal Reserve Bank of Boston, told the Sixth New England Council Con- ference that bank credit facilities in the district were substantial and for the business and industrial ent of that section of the going to get better? w“nfi”“fm‘f"fi‘ o say, Can Federal cy help to arrest the drop- ping prlve level? Gov. Young did not Bt course, ness men was evident. But !'!l:l 'l:,y:hr: Meer:\ g;\m.imcy lndhe-hwoeudon“w ise precident uk'thlt in !lr u(h one of '.be it of age, is of lxm-po career parallels that of his s Gov:ts , who went from the Reserve Bank of Minneapolis at a sal- -ryo(nsm-numuu ernor- lhlp the Federal e at at a salary of ;uotoo a year, to the Mnllhen mumntm- 1000 & year. Gov. Young has always been cau- m.b:a predicting what is to hap- in the business world. His Scotch lu'lln still controls his F“bl\c utter- "lnhmfldnke(omuentlw which would assure you that business 1s definitely on the upgrade,” he said at the New England conference, “but siuce actual evidence has not yet indicated such to be a fact, I will resume briefly the course of industrial events during the current year.” ‘There is no cmnee for a comeback on Shat. Population Increasing. ‘The League of Nations says that the world is increasing in population at the rate of 50,000 a day, with the total world population now about 2,000, 000- 000, just 12 to the square kilomete: Australia is the most sparsely ultled continent, one person per kuomew Eouth America has 4; Africa, N America, 6. In Asia, the number Increased to 21, and to 45 in Europe. To bring it down to a finer point, there are 300 persons kilometer in Saxony; ' and about 0,000 per kilometer mn New York, Lon- on and cther large cities. How many people can inhabit the irarth comfortably? This is an economic ‘question, says the League. One German hllthflflty ei‘.i.m“ex that the world can support from 3,500,000,000 to 9,000,- 000,000 of people—a pure conjecture. ©Of the present 2,000,000,000 of popula- tion 80 ger cent live in Europe and Asia combined; 9.35 per cent in North end South America; and the remainder in Africa and Australia. But in the next 300 years, Africa is liable to have 29 per cent; Europe artl Asia, 26 per cent; South America, 25 per cent; North America, 11 per cen ond Australia, 9 per cent. The ments of the future are now said to be| Eouth America and Afrjca. Trade With China Gains. ‘Trade with China and the Far East was up 6 per cent in October in spite of the lx_;l‘ge&h'e drop in the price of ver. total trade—both import d export—of $113,796,000 was an in- crease of 10'; per cent over the Sep- tember total. BWt it was 38 per cent below the total trade with the Orient in October last year, which was then $185,762,000. This drop in business of nearly $72,000,000 was largely caused declining commodity prices, the de- cline in stlver prices and the general business depression throughout the world. Becoming more specific, we find that the l!nilcd States exports to the Far East during October totaled over $1,500,000 for every working day. During the month America bought less trom Indi#, China, Australia and New Zealand, but more from Japan and the Philippines. More and more American exporters are turning to China and South Amer- jca for future business rather than to Europe. €Copyright. 1930, by the North American wiveper Allias WILL START PLANT IN WEST VIRGINIA Special Dispatch to The Star. CLARKSBURG, Va. The mill has a ca- ity of 20,000 tons a month, increas- the eump-ny- nnnhln‘ 3?‘1':55’»35! Madison Sq Gar (1) Magma Corper (3) Mallison & Co . Manati Sugar pf. Mandel Brothers. Man Elev mod g (d8) Manhat Shirt (1).. Marine Mid (1.20). Marmon Motor Car. Martin Parry. 27% May Dept Strs (n2) 5 |Maytag Company 15 Maytag Co pf (3) B Melville Shoe (2) Mexican Seaboard. Miami Copper. Michigan St1 (h2%). Mid-Cont Pet (2)... Midland Steel (3) . Midland Steel pf (8). Minn Moline Pow. Mo Kan & Tex (3)... Mo Kan & Tex pf (1) Missouri Pacific Missourt Pac pf (5). Mohawk Carpet . Monsanto Ch (g1% Montgomery Ward.. Morrell & Co (4.40).. Motor Meter G & EI. Motor Products (2). Motor Wheel (n. oo Munsingwear ( 7 38y 11 EEanRenannomne ooy @ 2 Murray (B) l!i l'.k) 26368 12% Nash Motors (4).. Nat Acme (13) Nat Bella Hi H Nat Biscult (+3.30). Cash Reg A (t4) Nat Dept St 1st (7). . NatDist Products(2) 20 208 Q arlem (5). st (1.20)... & Hart (6). & Hopf (T).. & W ozzge mm3m 22 1ways pf. ZZZZ2ZZ22Z2 o o o Norfolk&West (112) North Am Aviation.. 26 Nor Am (b10%stk). 1003s GIVA 1 51% 50% 42 11% North Amer pf (3).. Northern Pacific (). Northwest Tel (3). Ohto O11 Co (2)..... Oliver Farm Equip Oliv Farm Eq prpf. . Oliver Farm Baq cvpi1122s Omnibus Corp. ..... Otis Elevn (2%). Otis Steel. .. Outlet Co (4). Owens 11l Glass (3). Pacific Gas & E (2). Pacific Lighting (3). 8 51l Pacific Tel & Tel (7). 50s us Packard Motor (60¢c) 65 Panhandle P & Param'nt Publis (4. 8 Parmelee Tran (60c) Pathe Exchange. ... Pathe Exchange (A) Patino Mines....... 18 108 17 Phila Read C&1.... Phillips Petrol (n2). Phoenix Hos pf (1).. 108 Plerce-Arrow pf (6). 3 Plerce Ofl. ... Plerce Ofl pt. Plerce Petrolm (10c). Pillsbury Flour (1).. Pirelll Italy (a.14). Pittsburgh Coal pf. Pitts Screw (1.40)... Pittsburgh Unit Corg _Poor & Co (B) (2)... Postal Tel & C pf ('l) 1] & Gas (3) Prairie Pipe L (15) Pressed Steel Car 0) 4 N NOANA SN ENE NN S A - s s Prod & Refiners pf.. PubSvNJ (340). . e Purlts Bakeries Radio Corp .. Radio pf A (3% Radio Corp (B) (5) Radio-Keith-Orph A. RR Sec IC stk C (4). 208 Raybestos Man 260. 4 Reading Rwy (4) 2 Real Silk Hosiery(3) 8 Rels (Robt) &Co.... 1 Reis (R) & Co 1st pf. 108 Rem Rand (1.60)...." 6 Rem-Rand 1stpf (1) 2 Rem-Rand 2d pf (8). 90s Reo Motor Car (80c). 2 Repubiic St 1 Republic Steel Df (6) & Revers Copper & Br. 1 Reynolds Metals (2). 13 Reynolds Tob A (3). 20s Reynolds Tob B (3). 36 Righfleld Of1. 7 . St Joseph Lcu 13). St L-8an Fran (8 8t L-San Fran pf (6) St L Southwestern St L Southwesternpf Savage Arms (2)... Schulte Retall Strs. Seaboard Afr Lin Seab’d Air Line n: 45 Sears Roebuck $2%. 8% 42 3% 27 39% 66 1 21% 4 21 7 195‘% 13 5 2)% L) 3% 7 45% Simms Sparks Bpe: Stand I Starret: Sun Of) Sun O1l Sweets Syming 66 66 107% 107% 39% 42% 15% 15% oM 9% 12% 13% 113% 119 76 16 80 165 11 74 107% 107 5 5% 1% 1% 80% 178 7 11% 78 Timken Transa Trico P % Utd Afrcraft. .. Utd Afrcraft pf (3) Plp ccadagaaqg nnuegen Univ P4 Va-Car Va-Car Car Vulean Websla o Wilcox Willys- Wilson Wilson Wilson Dividend rates as i t Yearno resular 2'Byable in cash or stock. % Plus 14% 15 stock Sterling Sec (A). s t-Warner (2). Studebaker Corp (3). Submarine Boat Superheater (13%) Superior Oil. . . Saperior Steel. . Telautograph (1.40). Tennessee Corp (1).. Texas Corp (3)... .. Tex Gulf Sulph (4).. Texas & Pacific (5) Texas PC & Oil.. Texas Pac Land Tr. ‘Thatcher Mfg (1.60). Thatcher pf (3.60).. Thompson (J R) (3). ‘Thompson Pr (2.40). Thomp-Star pf (3%) Tide Water As (60c) Tide Water As pf (6) Tide Wat O1l (pf (5). Thompson Starrett. Tobacco Products. .. Tobaceo Prod A t95¢ Transue &W (1). Tri-Cont Corp.... Tri-Cont Corp pf (6 Truscon St (g1.20) Ulen & Co (1.60) Und-Ell-Fischer ¢ Unlon Carbide (2.60) Unilon Oil. Calif ($2) Union Pacific (10)... Union Pacific pf (4). Un Tank Car (1.60) UnitedBiscuit (2) United Carbon (1). Utd Gas & Im (1.20). Utd Gas & Im pf (5). U S Express. g U S & For Secur. . U S & For Sec pf ll). U S Hoffman... . S Indus Alco (!1)-. Leather. Leather (A) Plece Dye W (2) Rully&lmn(ll o i g g £ S Smelt & Ref (l). Univ lAlfTub )., UtIP&S (A)et2.15. Vadasco Sales Corp. Vanadium Corp (3) Wabash...... Wabash pf (A) (5).. Waldorf Systm (1%) Walworth Co (2).... Ward Baking (B) . Ward Baking pf (7). Warren Bros (3).. Warren Fdy & P (3). Penn El A (1), Penn El pf (7). White Sew Mach pt. Woolworth (2.40)..., Worthington Pump. , Wrigley (Wm) (4).. RIGHTS EXPI“ i Peop Gas Chi.Jan 1§ Sales of Stocks on New York Exchange £ Stock © B Plus 3% in stock b Piss - Elis & Shubert Theaters. . Stmmons Co. . Petroleum. . SinelairCon Ofl (1). Skelly Ol (2) Snider Packing. Snider Packing pf Sou P Ric Sug (1.40) Southern Cal Ed (2). Southern Pacific (6). Southern Rwy (8). Southern Rwy pf (6 Withing (1). &Copt (7).... Spencer Kellog(80c) Spicer Mfg. . Spicer Mfg pf (3) Splegel- Stand Brands(1.20).. Stand Brands pf (7). Stand Comm Tob, Stand G & E (3%). Stand G & E pf (4).. May-Stern. nvest Corp. . Stand O11.Cali(h2%). Stand O11 Exp pf (5). Stand Ofl of Kan (2). Stand Oil of N J (12) Stand O11 N Y (1.60) 35508 154 t (L S)(12%) l‘ o Webster (4). (11).. ot (6) a 2 3 3 A o RO N O AN MR R ORNE S N B E B of Amer (1) ton (A). ors - Roller (3)... merica (1)... » rod (2%) T B w® BronRomas 0 & F (2)... c 18t pf (8).. Chem [ . Chem plfl) Det (4)..... 170 rEisen pf(7).800s & Sn pf (4). 2 608 10s Oll & Gas. Overland, &Co.. & Co (A). & Co pt 9 10 210.900 12:00 Noon. 351200 2:10 P.M. &lven In the abe test auiariery 'ax":?flr'" tha share ' 1 ® i stock o K PlUS )l in s = Bits s 5% 1o & Plus $1.00 In numua stock. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, December 19.—The fol- lowing is a summary of important cor- poration news prepared by the Standard Statistics Co., Inc, New York, for the | Associated Press. News Trend. Dividend announcements provide the outstanding items in today’s corporate news. Omission of preferred disburse- ments was voted by American Bemberg and American Zinc, Lead & Smelting and Foote Bros. Gear & Machirle, while common dividend was passed by Lion Oil Refining. Reduction in current dividends was made by Pittsburgh Fory ings and Rand Mines. An initial dis- | bursement was declared by Gillette | curtailment program adapted by pro- ducers in the middle ot last month. Despite this progress toward correction of excessive production the price of copper declined !2 cent further yester- day to 10 cents a pound. The Companies. Abitibi Power & Paper latest Cana- dian newsprint merger plan reported | to call for holding company for com- mon stock of leading producers. American Bemberg Corporation semi- | | annual preferred dividends passed; paid $3.50 July 1. American Water Works & Electric | November electric output off 17.5 per cent; 11 monthts off 3.2 per cent. American Zinc, Lead & Smelting Co. preferred dividend passed; paid $1.50 October 1 . Electric Bond & Share 1930 earn- ings estimated at $2.50 common share; no. ch.nge in dividend expected. Foote Brothers Gear & Machine omits 2 per cent quarterly stock divi- dend on common and $1.75 'preferred | dividend. Gamewell Co. share earnings. six| Safety Razor on new $5 preferred stock. | months to November 30, $3.48, against 4.46. November world production of cop- per was the lowest for any month since Jnnu‘nr.y“ 1928. Dally average output was 4,664 tons, against daily produ in October of sbout 5,085 tons. “‘lwm 5 - 0 Ill“l.-_llfl Gillette Safety Razor declares $1.25 initial dividend on 85 pre{erred stock. Hudson & Manhattan Railroad share 11 months to November 30, s Imperial Oil stockholders on Decem- ber 1 totaled 16,200. Lion Ofl Refining omits common divi- | dent; paid 50 cents October 31. Moore Drop Forging Class B share | against $9.40. North American Aviation subsidiary, | Eastern Air Transport, New York- Atlanta line to be extended to St. Potersburg and Miami. Pennsylvania Railroad tentative four- | , system Eastern trunk line consolidation | plan_reported ready soon; to involve holdings to Chesa| hio. Pittsburgh Forgings cllt.l dividend to $1, annual basis, from $1.60. Punta Alegre Sugar, Antilla Si | subsidiary, announces reo: | plan; involves formation new companyj first mortgage ' bondholders to recelve equal principal amount 20-year 6 m\ cent debentures and one share common stock for present holdings; convertible | debentures and certificates of indebted- | ness to receive one share common stock for_each $1,000 principal amount. Rand Mines final dividend 2s; paid 8 earnings year ended October 31, $1.35, ilm T | transfer of Pennlylvnnh Lahu Valley | " Groups Participate. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, December 39.—Wi much of the degmdve load of forced sell lifted, the bond market con- tinued its recovery today. In some cases the advances up to 2 points, but in general the list moved in a conservative manner, with trading at a moderate pace. The mx- ing off in oflerlng‘ and the recove started yesterday ve coincided w".h a tapering off in bids. 'rhnce ookln: for a quick turn are keeping on the stock market for their cu-. vh le those buying for investment have had their ranks thinned as the list moved up from its bargain levels. The im. provement today affected all depart- ments. Money rates were unchanged. Trade news continued scarce, though there was little disposition to cite traditional saying, “No news is :ood news.” But at, current levels the cessa- tion of definitely bearish factors could not avold helping bond prices. In the high-grade group, for instance, York “Central 4s, Pennsylvania 4l5s, Nlckel Plate 4s and Che e & Ohlo 4s recrossed par again on the upturn. Other advances in investment favor- ites included Baltimore & Ohio 4s, Ca- nadian Pacific_4s, Unilon Pacific 4s and Nickel Plate 4';s, the last named gaining 2 points. Among industrials and publlc utilities Stand- ard Ofl of New Jersey 58, Du- quesne Light 4',s, Western Union 5s, Youngstown Sheet & Tube 5s and In- ternational Telephone 5s improved by fractions to over 114 points, Convertibles advanced with stocks, the most active issues being Alleghany 5s, American I. G. Chemical 538, American Telephone 4!3s, International Telephone 41;s, Texas tion 58 and Chicago & Northwestern 4%s. Secon rails were buoyant in come pn;tlvely slow tmdlnfi. Gains included & Eastern ois, 58, St. Paul -’\l. Denver & Rio Grande Wesf 68, Erle 5s, Missouri-Pacific 4., Prisco 4128 and Southern Railway 4s. Industrials moved in much the same way, the best advances affecting Na- tional Dairy Products 5ls, Dodge Brothers 6s, Goodrich 6s, Shell Union Oll 5s, Brooklyn-Manhattan Transit 6s and Hudson & Manhattan Income 5s. Sugar bonds were active at about un- changed levels, in reflection of the an- nouncement that the Antilla Sugar Co. would be reorganized. The compcnyl first mortgage bonds have been in de. fault as to sinking fund payments llnce the beginning of the year. com- pany is controlled by Punta Alegre Sugar Co. Foreign dollar bonds were generally quiet and firm. Canadian government 4s of 1960 advanced fractionally to sell more than 1), points above their recent low point. German issues were un- changed after early strength. Italian bonds dmpptd fractionally. French and Belgian were steady. South Amerlcm were featured by gains of from 2 to 3 points in Bolivian and- Bra- zillan issues. The former group, how- ever, is still selling well under the 40 | level. ' Washington Stock Exchange | SALES. Poltg;uc Electric Cons, Washington Gas 55—$500 at 102. Washington Rwy. & Electric pfd.— $2,000 at 8715, Capital Traction Co.—1 at 4415, Potomac Electric 5% % pfd.—5 at 107. Mergenthaler Linotype—5 at 867 Peoples Drug Stores pfd.—5 at &;‘thu Mtge. & Guar. pfd. 55—$2,000 at 100 at AFTER CALL. Wuhlnmn Rwy. & Elec. 45—$2,000 at 72, $1,000 at 87%. Clplhl Traction Co.—10 at 43%. UNLISTED DEPT. Chapin Sacks 8% pfd.—10 at 104, 100 at 105, 100 at 105, 100 at 105, 35 at 105. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Tel. & Telsa. 4as 33, PUBLIC UTILITY. Amer. Tel. & Tel. (9! cwx:’n Tr Wash. Rwy. & Ei. pld.’ NATIONAL BANK. Capital (14) Columbia ( Sommercial (siambed)’ (10). District (8] = n 5. Wask Toan & hvisi SAVINGS B, Bank of Bethesds (81) o¥ Sav s BEu3E¥ EESES Washington Mechini FIRE INSURANCE. American (12) con:er (10) 8 Firemen's (8) National Union {(i5) TITLE INSURANCE. Columbi Real Estate (6h' Title & Inv. Co. & Barber & a8 255 R RS gl ¥3= & com. uu‘unmfiex ano:yu (0 Beopies By "°"':‘¢’ d! 2B, Mech. Mt Wash. Med. Bld Wootwara & Lothrop pid. () +108 *Ex dividend. Books closed. nasc extra. 30¢ extra. 1% extra. ella% extra. SETRORS ANty 4 TBEASURY CERTIFICATES. (Reported by J. & W, Sellgmen & gy o 10053 35 Bept. 18, 1931 25 6d year ago England’s customs and excise reve- nue decrencd approximately $24,000,- 000 during the year ending March 31 15 193 2 New | o0 , FOREIGN. Bales. High. Argentine h Smeemsn Australia bs ‘57, Austria 78 *43. anAua Bolivar 7s '5!. Bollvia 7s ctfs’89. Bolivia 88 °45.... Bordeaux Cl 'l Chin Gvt Ry L] l 1. Colombia 6s Jan ' Copenhag ¢3s ‘63 Copenhag 6s '62 ba 5% N e P IPE TH PP T Dan Mun 83 A Dan Mun 88 B Denmark 4%s Denmark 6% 'S Denmark 68 '42. Dutch East I 6; Dutch East 16 El Salvador Fiat 7s ex war 46, . oant sunBrBon 47, 2 - 83 French Gvt 7i4a ‘41 German 53%s 65 Greek 6s ". Hait! 6s 52, Hungary 133 *44., Jugosl Bank Karstadt 6s ¢ Mex 4sasstd 1910, Milan 6348 ‘63, Montivideo 6 New S0 Wales 6557 New8o Wales6s'58 Norway s '8 Norway 6% Norway TN e » Orient dev 5% 58 Orlent dev 65 ‘53 aqll Queenland 7s'41.. Bhine Weat T T ) SumanuaBin-s R mEon veESamExon S - E%s Swiss Conhd 8 Toho El Pow 6s "33 BuriocSwnmws Yokohama 6s '61.. 54 6 95% 107% 107% 110% J11 107% 108% 107% 107% 3% 4l% 85 3‘7’/. mua uw/. 109% 109% 110 110 107% 107% 107% 107% 93% 93% 100% 100% 104% 104% 102% 102% 102% 102% 103 103% 0% 114 77 lu 86 941 94 104% 104% 120 1204 125% 125% 70 70 78 8L 100% 100% 82 82 102% 102% 6% 5% 61% 61% 90% 90% 4 104 1043% 104% 104% M 94 8l 8l 74ls 7% 68 68 99% 99% 101% 101% 104% 104% 104% 104% 100% 100% 87T 8T% 9% 94 104% 104% 106% 1065 103% 103% 104% 104% 104% 104% 105% 105% 95% 95% 101«. 101% 4% 15 991 99y 83% 84 524 9% MISCELLANEOUS. Abitibi P & P 5 Ab& St5%s'4 Adams Exp Allegheny 6 Alleghany Allis-Chalm 6 Am AgCh 7% Am Chain 6s ‘33, Am F P 53%8 2030, Am IGCh b%s ‘45 142 Am Int Cor 5%s 49 18 Am Metal 5%s '34. Am N Gas 6% '42, Am S&R 1st 58 'fl. Am Sug Ref 65°37 Am T&T ov 4 Am T&T 63 Am T&T o tr Am T&T bssf 'l 7 » Salanmnas o me Ras Asso Ofl 6s '35, At Gulf 59s " At Ref deb 55 '37 Bell Tel Pa 68 B * Bell Tel Pa 58 C ‘60 Beth St pm b Beth St rf bi Bk Ed gn A Bush T Bld, 42, o warasn aSeh Col G&E 58 Mly Com Invest Com Invest CCMaistrt Consum Pow C Am Sug col 4 Dodge Bros cl uco Duquesne 4158 East C Sug %8s I‘I Fisk Rub 8s "41 0 @eodrich cv 65 °45. Goodrich 6% - Hum O&R b%s MBTIistpfbsA 1 Steel 438 °40. nland Steel ¢ %s" Kan Gas&B ¢%s '8( Lackaw St 58 '50. Laclede l% C 83 9 70 69% 123% 123% 103 104% 104% 104% 104 105 107% 107% 101% 102% 85% 86 T5% T6% 101% 101% 63 63 101 101 104% 104% 107% 108 100% 101 101 101 105% 105% 100% 100% 93 104% 104% 106% 107 26 26 104% 104% 4% 94% 9% 99% 1044 104% ll;fik 106% 9 82 101% 103 39 89 30% 304 93 93 101% 102% 91 91 53 B6% 67 67% 100% 100% 105 102 102% 104% 102 90% 108 % 98% 72 86 103% 104% 63 59 T4 101% 101% 9% 89% 94y Peoples'Gas il P Phila Co 68 ‘67 Phila & Read 6: Phil Pet5%8'30. .. Pub Sv G 4%s ‘70 Pun Aleg Sug 7s '37 Pure Ol 6%8s'37... Rem Arms 6s A "37 Rem R'd 638 A *47 Rich'd O cal 6s "¢4 Shell Un Of1 s °47. Sincl O 6%s B ‘38, SinclOTscv A 31, Sincl Cr O 6%s '38. Sinclair P L 6s 42, Solvay Am 6s°'42.. Sou Bell T&T bs SW Bell T 53 A 'S St Ol N J bs StOIIN Y 4%s'51. SugEsOr 7s'42... Tenn E) P 6s A 47, « Tex Corp cv bs *44 Utd Drug ev 6s '53. U 8 Rublst 6s Utah P& L 6 Util Pwr 5859 ww. Vert Sug 94% 100% 99% 9644 104 104% Warn Quin 65°39. . Warner Sug 78 *41. West El deb bs West Un TelSs 5. West Un T 6345 '36 Wick Spen 1st 7s'36 10 Wic Spen 8 ct 75'35 10 Wil-Ov 18t 6%s "33 Wil&Colstés'4l. 7 98 YouSt&T6s'78.. 3 101% RAILROAD. 5 93 21 9% 12 25 3 Atchison gen 4s 95 Atch Ariz 4348 63 . 101 AtCL1st4s"53... 92 95 100 2% 104% @ [ o - 0000000 92% 101 80% 87 RrrrrprR IVIRDI@®D o Swn dy 68 ‘50 B & O Toledo 4s 50 Ban & Aroos 4s ‘51 Bos & Me 58 1955. . Bos & Me b8 Bklyn El Bklyn Man 984 98% 104 55 . Can Nat 5s July "69 Can Nat 5s Oct "69 Can Nor 6% s db'46 Can Nor 7s deb "¢0. 103% 115% s 4 Cent of Ga 58 C"69. Cent of Ga 5% s '59 Cent Pacific 53 M Ch&On‘*l"l Ch M&StP4%sE. . Ch M&StP ¢%s'89. Ch M St P&P 68 75. ChM&StPad) 58117 '27% Ch&NW gn33s'87 15 173 Ch & NW 4%82037 1 894 NW 4348C 2037 1 90% 44 88% 1 97% . 10 105% 8 9714 . 42 36 2 999999 FEETTEY = 1. 844 aaQQ L34 10 100 40 991 12 102 1101 C U Ter 4%s 2020.. ClI 9 101 Term 4%s ‘17 Clev Term 6s '73.. Colo Sou 4%s 80, Cuba R R 68 '52. .. Cuba RR rf 7%s'36 Cuba Nor 6%s 42.. Del & Hud rf 4343 Del & Hud 6%s 37, D& R Gr en 45 °'36. Den&R G W 6s DRG& W st 6878 E Tenn Va&Ga 5 Erie 15t con 48 Erie con 4s D’53... Erie Gen 4 Erle cv 65 '67 Erle 63 1975 Erie & Jer 6s'55. Fla B Coast 58 '74. Fond J&G 4%s 5 GrTrsfdb 45 941 4 81% 1 28 1 27 Gr Nor gn 5%s i Gr Nor gen 78 Gulf Mobile 5s '50. HavERL&P§s Hav El Ry 6%s ‘51 Hud & M ad) 6: Hud & M rf 58’57 111 Cent 48 '53 T84 2 56 . 5 31 10 73 1 97 4 85 10 94% 92% 94% | Reading ¢%s B... 3 94w 92% u4%|RIAr&L4%s’34 2 98 b 6% Iowa Cen 1st 55 '38 Kan CFtS&M 4« 5 124 5 95 7 9 105% 105'% 101% 102 102% 102% 104 104% 101% 101% 90'/- 903 50 l|18 103% 97% 98% 72 72 84% 86 108% 103% 104% 104% 63 63 37 87 74 74 101% 101% 101% 101% 9% 9 89% 89% MU MU 83 83 53 53 76 1% 90% 91 93% 98 100 99% 99% 963 961 104 104 104% 104% 95 70 97% 65 40 % 105 103% los 9 91% 101 101% ’ 93 93 96% 96% 110% 110% 101 101 92 92 ’I% 95 00 90 9214 104% 104% 00 99 100 106% 106% 2% 9 100% 100% 80% 807% 86% 87 961 97 T1% 98 87% 82 97% 97% 98% 104 104 100% 100% 100% | el TS, of 103% 103% 103% | Canadian Nor. 10315 103% 115° 115% 2% 89% 90% 86 884 974 9Tl 105% 105% 97 974 83% 86 851 87 60 60 13 113 84% 84y 73 89% 90% 100 98!, 99% 101 101 101 101 4% 94% 554 554 70 1 105% '105% 105% 81% ¥1% 69 69 70 6% 77 5 7 5 109% 109% 109% 23 27 23 27 11 106% 104% 106% 6 109% 109% 109% | o, 3% 94 56 55 30 30 71% 73 97 7 83% 83% 97% 98 6% 67% 54 12 95 98% 99 mo:‘ tion Steady. BY SYDNEY A. HALE, Editor of Coal Age. Special Dispatch to The Star. NEW YORK, December 19.—Com- pared with results in 1929, the coal in- dustry has suffered relatively little dur- ing the present year. Bituminous pro- duction to December 1, 1930, 421,898 - 000 net tons, was less than 13.2 per cent under the cumulative total for the corresponding period in 1920. Anthra- cite output for the first 11 months of the current year approximated 63,716, 000 net tons, less than 4.2 per cent un~ der 1929 figures for a similar period. Spot Levels Firm. Levels of spot prices on soft coal 1. 0. b. mines have declined but little under 1929; for the country as a whole, the average is only a few cents less than, last year. The rub lies in the fact that sales realizations in 1929 were inade- quate. There have been a number of minor seasonal readjustments in an- thracite quotations, but the general &flm structure has un no ma- rial change. Probably the most sig- nificant develwment has e strengthening tations on No. 1° buckwheat, wmch been due to the increased consumption of this size for home heating in automatic stokers. With more than 80 per cent of the bituminous tonnage entering into the industrial stream, it is obvious that any early sharp upturn in production must’ wait upon a general revival in business. Against this, however, must be set the possibilities of further inroads upon coal market by competitive tueh 1y 10 per cent normal output of soft coal State. Industry Active. In the meantime, neither branch of | the indus is idle. Mechanizsation underground to necuue costs is making steady headway, oual:mn”duln to cushion the ech of logic un- employment, is a factor in retarding the normal rate of leration. o:rn ization in pre sweeping throu; movement has continued throughout 1930 despite the unfavorable general iness background. Physical deflation also continues. Be- tween 1923 and 1929 there was a reduc-, tion_of over 35 per cent in the number - of ve commercial bituminous whue Lhe production last yes 5 per cent under lfi“ totals. Con-" wnuung.lo of existing bituminous com- injes, however, are more preached iced. Outside of a recent move to combine 45 companies in Northern West Virginia, 1930 has seen o major merger. SHORT-TERM SECURITIES. (Reported by J. & W. Selisman & Co./ Allis-Chalimers Co. Ameran e %t l American Thread §: Baltimore & Ohio 4 Batayian Pet. Corp. ‘dlas 104 nads l- 1987, Ry 4 s i 9 rthwestern R. R. 88 89 Rock Isand s ght: No 110% 110% 1104 | Cadany 6 Gen. M MONEY xun'r. NEW YORK, December 19 (#).—Call money ezsy; 2 per cent all day. Time loans stzady; 30 to 90 days, 2%-3; four, five, six months, 2%-3 cent. commercial paper, 2%-3, Bankers' ac- ccptances unchanged. As f & “city beautiful” plan, the wup;re'fl:! Lorain, Ohio, has bfllllhl 14 102% 102% 102% [ N Y Cent db 100 N Y Cen 48 " . N Y Cent 4338 2013 101t 101% | NYC re im 5s 2013 NYCLScl3%s + 21 105% 105% 105% | NY C&StL 4%s ‘18 NYC&StL5%sA NTCa&sStLés"32 NYStRy 4% NY W&B 434846, Norf South 5s *41 Nor & Wn ov 4s 96 Nor Pacific 3s !!'l‘l Nor Pac 4%s 2047, Nor Pacr16s 3047, ‘ers Mar Philipnine RR 4a. . Por RLEP 7%8'46 2 107% Read gen 4%s A'ST 6 99% 5 99% 4 9 StL IM R&G 48’38 40 97 StL&SFin 4 A ll uu. 1 91% 91% 91% | Sou Pae ref 17 87 87% 68 68 102 102% 104% 104% 95 96% 94U 94w 13 73 68 68 80 80% 8% 76 103% 104% 101% 101% 43 . 47% 104% 1041 lll\fi 121% 97 8] .. 17 100 4 96% L & N unf 4540 1 L&NG5sB2008 Manh Ry 1st ¢s 90 Man Ry 24 ll:ll. 10 98 10 69 41 93% 5 934 MoPacs%scv'ds. 6 91 N&T&MEsB'S4. 1 89 NOT&MGb%s'5¢. 3 98% l!cq’*. T 8 81% % 98 984 N5 o 81 8lH 96% 968 54 47 56 47 9% 5 98 8% Sou P é%s 100% 100% | Sou P&Or u-'-n. Sou Rwy gen u'u 96% 964 96% | Sou Rwy 25 103% 103% 103% ; Souv Rwy Sou Rwy 6%8s'56. . Term As St L 920 1% 9% lolu lglh 87% n Pac rf 1001 lJl Pac 44867, Wabash 1 Y% 1101% 1 88% 5 87w .7% 32 18 11 1o sod %0 % 'nlhllt“ll 7 88% 8% r hflh‘l‘a ¢ 50 50 ! i