Evening Star Newspaper, December 20, 1930, Page 20

B—6 * FIN EAR-END AUCTION IN-STOCKS 15 ON “Cats and Dogs” Offered to Highest Bidders in An- nual Sales. BY CHARLES F. SPEARE. Bpecial Dispatch to The Star, NEW YORK, December 20.—Decem- ber is a month when all of the “cats and dogs” of the security markets are brought out from hiding and put up on the auction block for the purpose of establishing tax losses for their owners. The weckly sales this month have so far revealed the usual long list of financial tragedies of those who have purchased securities and gone into business ventures with more imagination than judgment. Offerings Large. The lists of weekly offerings of securities run to the length of several columns of fine type in the local pap- ers. While they include a few sec ties of recognized value and hav listed market, the majority come under that classification which Wall Street has for years described as “not being worth the paper they are printed on.” ‘This may be an exaggerated statement, for the auctioneer is frequently able to obtain prices that must astonish the seller. There are a lot of eople who seem to like to attend auction sales and pay prices for goods offered there above going market values. Recalling such celebrities as Sherman L. Adams of Boston and No Tel hone” Smith of New York, the buyers ave eager hopes of drawing a prize package. Mr. Adams once picked up a Jarge bundle of Wire Wheel stock at 12 cents a share at one of these auc- tions and later sold it for more than $200 per share. All sorts of legendary tales are told of the winnings of the mysterious Mr. Smith. i This driftwood of the financial world has, however, many and varied uses aside from whatever surprises the cob- webbed packages may contain. Whim- sical millionaires like to pick up these handsomely embossed certficates and line shooting lodges with them. The New York State attorney general has discovered more than one instance of small “gyp” banks loading their win- dows and counters ,with them to_im- press foreign-born ' customers. Some crude “wash sales” rackets lave been built up around a load of such stocks, bought for a few dollars. Sales Smaller. Total sales at the auction this year were somewhat less than at the auctions of the two preceding years. At the end ot the bull market there was a vast amount of wreckage to be cleaned up and all sorts of huge and fantastic job Jots of broken down stocks were offered. A lot of these have since gone clear into the ground, and in virtualiy all the cur- rent offerings there was some element of tangible or physical value, however slight. There were large blocks of an- cient notes, issued by persons long for- gotten, with face value of many thou- sands, but selling for a few dollars. 3 A reflex of the deflation in Florida 1s in the nominal prices paid by bidders for stocks of banks in that State that had to close because they were too heavily lozned up on real estate which they had taken at values placed on it} four or five years ago. Some of the business enterprises most ‘commonly represented in the list of a tion securities are those dealing with fruit raising companies, moving pictures, candy, shops, safety razors, airplanes, fox ranches, Jumber and paper firms, and small railroad and traction lines that have gone out of business and whose securities have little more value than represented in the scrap material. ‘There will be two more auction sales for the benefit of those who wish to estab- lish tax losses before the end of the i (Cobyright, 1930.) DIVIDENDS DECLARED NEW YORK, December 20 (#).— Regular, U ey Company. ate.riod. able American Screw. $1.50 3 Amer Uni Bk (N¥). 51 Arundel Corp. .. ...75¢c Bankers Com! Sec. 50c Black & Dec Mfs pt.50c looming Bros pf.il.75 rompton Pulp & P.50c Cincinnati St Ry. Clevel Un Stk Yd Hidrs. of record Dec. 29 Comp: de Eiec Do. B Do. E. Conley Tank € Drex 8t Bl ( Economy Groc St . Farmers & Mechas Bk (Sharpsbu). Farr Alpaca. a2 First Nat BK (Bait) 50 First N Bk (Hart).52.50 Fort Worth Nat Bank (Fort Worth)_....60c Pourteenth St State B (Pitts) . 2 ankford’ 1150 artfors Steam Bolier Insp & Ins. Houston Nal G Imperial Kellogg Co... Kels Hayes Wi pi Kentu Tel Co $3 pf. Knott (AJ) T & M Ludlow Typo. Do. pf.... 7 Mahon (R C) Co Mid West Ut pf 1.50 Miss Val Pub Serv 6 - Bpl .... Morris PI (N ¥) "6 Nat Mar Bk (Balt Natl Po & L %6 pf..§1.5¢ Nipissing_ Mines. .7 Northw Bell Tel .32 Norwich Pharmscal Pan American 1 N O (N'O)... Phila Elec’ 5 p: Pitts Stl Founder Pub Ser N J 6% Reading Co......... Safe Dep Nail Bk of New Bedford..... 51 8t Lawr Cor pf A’ $0c 8t Law P M Ltd pf.31.50 Southw G&E 87 pf 52 Bouthw L & P Dl Do. A ... Btahi Meyer Inc. Do. ... Stand Nat Cor pf Stern Bros A U B Casuait U 8 Guaran U 8 Lines g Victor Talk Mach Waters Far Fo Wilmington Tr C Wiscon Val Ei pf Woods Mis Co pf.§175 0 $1.3 Parmers & Mecha Bk (Sharpsbu) Fourteenth St Statc B (Pitis) i Nat Mar Bk (Bait) Norwich Pharmacai.. Ol City Trust.. Pan Am Li I (N'O)30c Initial, $td Ofl Ohlo 5% pL.51.25 @ Jan. 15 Resumed. Loew's (Marcus) Thea oI s LAY Ol City Trust.... Telsutograph Coi. Un Cig Stores pf Do. pf Do. pf Do. pf. Dec Dec. 16 Jan. 15 Jan. 10 20 £1.50 5150 3150 .. Feh. 8 Jan. 150 An Jan. 2 @ Jan, 1 Due Jan. B Due Jan 8 Due Jan. Q Due Jen. Q Due Jan Eaton Axle & Sp 1 Mer Travs & 5 1 Kat! Cash Res B. 3 Packard Elec. 5 Aero Sup Mfg A.. Am Bembers pf Atlanta Laun 57 Bissell (TE) Co. 5 1 1 1 Campe Corp. 1 HIGHER CORN PRICE lar | ANCIAL. THE EVENING STAR, WASHINGTON, D. C. NEW YORK STOCK EXCHANGE Received by Private Wire Direct fo The Star Office. (Continued from Page 5.) ~Prev.1930~ High. Low. 93 68% 8319 62 841 20 58% 6214 9 Stock and 81 Dividend Rate, Add 00. t Biscuit (13.30). 12 at Cash Reg A (t4) 8 atl Dairy (2.60). 38 \at Dept Store. 10 Nat Dept St 1st (7). 30s Nat Pow & Lt (1). 45 Nat Steel (2) 1 at Surety ( 2 e: Copner (1y.. 173 N Y Air Brake(2.40), ¥ Central (8). . YChi & StL(6).. Y & Harlem (5) Y N H & Hart (6). Y Ont & Western orfolk & Southern, North Am Aviation.. Nor Am (b10%stk) .. North Am Ea pf (6). Northern Pacific (5). 25 Ohlo O11 Co (2)... Oliver Farm Equin.. Oliv Farm Eq pr pf. : Oliver F m Eq cv pt Omnibus Corp. . 2 Otls Elevn (2%).... 18 Otis Steel 4 3 Pacific Gas & El (2). 5 Pacific Lighting (3). Pacific Mills Packard Motor (60c) Pan-Am Petrol (B) Param nt Publix (4). Park Utah 4 Parmeles Tran (60c) Pathe Exchange. ... Penick&Ford (11%) Penney (4 C) (3) Penn Dixie Cement. Penna KR (4).. Petrol Corn (1%) Phelps Dodge (2) . Phila Co 6% of ( Phila Read C & 1. Phillips Petrol (n: Pierce Ofl. . Pterce Oil pf Pierce Petrolm(10c). Pitts Screw (1.40)... Pittshurgh Unit Corg Poor & Co (B) (2) F R Am Tob (B) Postal Tel & C p Prairis Ofl & Gas (2) Prairie Pipe L (15).. Pressed Steel Car Proct & Gamb (2.40) Prod & Refiners pf.. NJ (340) NJof (5) NJpf(7). PubSv E& G pf (6). Pullman Corp (4) Pure Oll.... Pure Oil pf (8) 1008 Purity Bakertes (4). 10 Radio Corp . 85108 Radio pf A (3%4). #adio Corp (B) (5). Radio-Keith-Orph A. RR Sec 1Cstk C (4). Raybestos Man 2 60. Rem Rand ( Reo Motor Republic Steel...... Republic Steel pf (6) Reynolds Metals (2). Reynolds Tob B (3). Richfield Ofl. . Rio Grande Ofl. Rossia Insur (2.20) Royal Dutch u3.2165., Sareway Stores (5). St Joseph Lead (13). St L-San Fran (8) St L-San Fran pf (6) St L Southwestern St L Southwesternpt Savage Arms (2). chulte Retall Str: ard Air Line Scagrave (60c).... Sears Roebuck $12%. Second Natl Inv Seneca Copper Servel Inc. ... Sharp & Dohme. . Sharon Steel Hoop. . Shattuck(FG)(11%) Shell Urilon Ofl. . Shell Un Oil pf (53%) 5508 Shubert Theaters, Stmmons Co SinclairCon Oil (1 Skelly O11 (2). Snider Packing. <nider Packing pf. Solvay Am pr ww 5% Sou P Ric Sug (1.40) Southern Cal Ed (2). ou Dairles (12)... outhern Pacific (6). Southern Rwy (8)... Southern Rwy vf (5) Sou Ry M&Oct (4). Spalding 1st pf (7).. 10 Sparks Withing (1). Spencer Kellog (80c) Spicer Mfg Splegel-May-Stern. Stand Brands(1.20).. S5tand G & E (314). Stand G & E pf (4). Hig! 78 N N N 18 11 16 80 69 108 8 9% T 41 144 534 55 8 7 16 60 58 10% ~Prev 1930~ Hich. Low 104 9314 16% 1% 75 424 106% 98 49 8474 40% 201 14% 48 47 St Stand G h. Low. % Stand O Stand Of Sterling Stewart Stone & Studeba Telaute Tenn, Tex Gul Texas P Thermol Third A Third N Thomn: Timken Timken Tobacco Tahacco Transue Tri-Con Tri-Con Truscon Und-Eit Union F Union Of tnion P: Unite United ¢ Utd Dye Utd 1td Fru 7td Gas Dist Frei Hoftman........ Indus Alco (7). Leat Leath pr ot (T).. Pie & F (2).. P& Rea Rubber. Rut| Smel Stee! U S Stee Utd THIP& Vanadium Corp (3). Va-Car Chem. ...... "a-Car Chem 6% pf. & Vulean Det (4) bash Waldort Systm (1%) Walwor! Ward Baking (A). Ward Baking (B) Warner Warner Warner Warren West Fei West Pe Western Western White S 00lwos W, Wrizley Yellow Truek....... Youngs Spring (3).. Zenith Radlo. RIGHT Teop G rates as 84 Dividend sUnit of trad | 4% in stock. “tP: year—no regular rate. e P h Plus 2% in stock 1% In stock. T Plus 13% in stock, % k) % Dividend Rate Stand Invest Corp. Stand O11.Cali(h2% ). Stand Oil Exp pf (5). and Oil of Kan (2 Texas Corp (3).. td Piece Dye W (2) S & For Secur. & For Sec nf tores (A) Utd Stores pf (23%). Univ Pic 1st pf (8).. 21 ble in scrip. able in cash or siock. Sales— % Prev. Add 00. High. Low. Close. Close. 1 9415 941 94t%- 94 2 I8 1% 1% * 457 457 45% 100 100 ock and & Elpf (6).. ilof NJ (12) i1 N Y (1.60). Sec (A). Ster! Sec pf (1.20). Sterl Sec cv pf (3 -Warner (2). Webster (4). ker Corp (3). Submarine Boat..... Superior Oil Saperior Steel, Svmington (A) wph (+1.40) ee Corp (1). £ Sulph (4). c&oil Texas Pac Land Tr.. id Co. . venue. . 1tl Inv (a2). on Pr (2.40). Tide Water As (60c) Tide Wat Oil (pf (5) Det Ax (80c) Roller (3)... Products. .. Prod A 19 Transamerica (1). &W (1). [ TR t Corp pf (6). Stl (g1.20).. -KFischer (). ax & Paper. . Union Carblde (2.60) il Calif (12) acific (10) Un Tank Car (1.60).. Utd Aircraft. . g 1td Afreraft pf (3).. 3iscult (2)... *arbon (1) U'td Cigar Stores. Utd Cizar 1td Corp (50c) Uitd Corp pf (3). tores pf. wood pf (7 ectric Coal. oS & Tm (1.20). ributing. cht (3). her (A).. RannanaBaw F 1st (1.20). Ity&Imp(3). ber 1st pf... 1t & Ref (1). 1(7). 10f (7). it NRUNIE A 04 S (A)ef2.15 5 307 2 1 50s 1403 23 6 8 408 10 370 1 3 . 3508 nn Elpf (7). 10s nn P of (7). 50s Dairy (B).. 2 Pow pf (6).. ) (5).. th Co (2). Bros Plet. .. Bros pf 3. Quinlan. Eros (3) Western Md. Pacific p Western Union (8).. Westingh’se A B (2). Westing E& M (5).. Westvaco Chlor (2) White Motors (2). . ewingMach. Wilcox O1l & Gas, Willys-Overland. Wilson & Co (A) Vilson & Copt rth (2.40). Worthington Pump. ht Ac naut. (Wm) (4).. 17 66 974 21% 24 10 21% 2% 'S EXPIRE s Chi.Jan 15 given in the abov 95 9% table are the arnual cash payments based on the latest quarterly or half yearly declarations less than 100_shares fPlus bFarable In stock TPartly extra 2 Basadie whs abie TPius 10% in stock ik 1Pius 1d” this Tned & Plus 6% in stock 3 Plus 8% in stock. k Plus 3% in stock. n Pius 5% 0 stock. b Plus $1.00 in Dreferréd stock SEEN BY DEALERS Estimates Place Available Supplies 800,000,000 Bush- els Below 10-Year Figure. By the Associated Press. 3 CHICAGO, December 20.—Grain | trade interest is focusing daily more | and more on corn, with prices hinging | upon when annual heavy receipts at| terminal markets will let up. Asa rule, | the majority of dealers are looking for ultimate higher corn values, but say that there is more than an ample corn sup- ply in leading centers at present and t the marketward movement prom- 3 to continue for some time. ~How- | ever, no fear is expressed but that farm | use of corn will be on a large scale, as | the usual profitable 10-to-1 price dif- ference between hogs and corn has now become 12 to 1 or bette Compared with a weel 13;a3%;c a bushel low with whedt ranging from 3 to lic advance, oats 1% provisions varying from e of 7. ago, corn was this morning, c decline down and | c sethack to Corn Supplies Decrease. Assertions are current in some quar- ters that there must be a drastic re duction of corn use this season gardless of what demand will be. The ground taken is that total available supplies of corn are 800,000,000 bushels below the average of the last 10 years. One unofficial authority estimates that the industrial demand will be 20 per cent less than last year, but an offset is that whereas a short time ago the price of corn was at a premium over wheat this condition has been reversed except as to July corn and is nullifying the profit of wheat feedings. Uncertainty as to the amount of corn husked this s*ason is also attracting sharp notice as a price-making fac- tor paraliel to the puzzl re when the seasonal main ma movement will dwindi An report on the cextent of husking is anxiously awaited. And friends of higher prices for corn are stressing hay crop shortage, as well as rural advices that feeding of the 1930 crop began unusually soon, owing to the impoverished conditicn of pastures during the Fall. ‘World Wheat Crop. Dia Ming Due at this time Casualty Q ynolds 5 3 Die gan. 1 Iny 36°A.. .5 e Jan: Biandata Counier 5138 An Due Jan. 3 Deferred. ntral Am P1. 57 An Due Jan. 18 istii “A50c Q Due Dec. 15 &.l‘hflj DH?II Na B.$1 S Due Dec. 31 ble in cash or stock. Fiins RS , Towa, who | 1930-21 season is e S i e however, are Meanwhile, oats are selling at less than 1 cent per pound and costing go cents per bushel or more to pro- uce. Latest official figures on the world’s wheat crop suggest a total cf 3,720~ 000,000 bushels, against 3.491,000,000 bushels 14st” year, indicating that the amount of wheat available for the | the Pacific Coast shows & 2| AU & Pac bushel low now than the for that season. Provisions have an upward slan account of demand from speculative sellers of la OUTPUT OF ELECTRICITY SHOWS GAIN FOR WEEK By the Associated Press. Production of electricity by the elec- tric light and power industry of the country increased slightly during the | week ended December 13, as compared with the previous period, but recorded a decrease of 5.3 per cent, as compared | with the corresponding period last year. | The Atlantic seaboard continues to register an increase in electrical output over last year, being 1.1 per cent abov the same of 1929. The great central industrial region, outlined by Buffalo, Pittsbu ti, St. Louis average a whole, a decrea of 6.8 per cent below last 4.0 per cent. e STANDARD BRANDS, NEW YORK, December 20 (F).— Joseph Wilshire, president of Standard | Brands, Inc., said in an annual busi- | survey issued today that the corporation has kept personnel and | wages intact and that employes are | working full time and some overtime. The concern’s business, he asserted, has not, reflected the general business depression and all indications point to a successful year in 1931. Products sales on the whole in 1930 were greater than those of the com- ponent companies of the merged nr- ganization the two years immediately preceding. Sales were not reflected fully in the earnings, Mr. Wilshire e plained, due to the heavy expens incidental to the merger in the Fall of 1929, all of which were charged off in 1930, and the fact that the corporation incurred “an enormous expense” in putting certain products into national distribution. INVESTMENT TRUSTS NEW YORK, December 20 (#).— Over-the-counter market: Am UL & Gen pf Al & Pac Cony Basic Industry S| Chain Store S Investment Trust of N Leaders of Industry Mohawk Invest ... Nation-wide Secur National Indust Shaies Old Colony Invest Trust Power & Rail Trustee Si Selected Am Shares. Spencer Trask Pund ‘Inc Stend Amer Trust Shares.. . Stand Collal Trusteed Shares Super Corp of Am Tr Shares A. ‘Lrust Shares of Americ Trustee Stand Ol Shar Trustee Stand Oli Shares B Twentieth Century Pixed Tr Shrs ' smaaine.: the second largest 928-9. figured as 50 Prices, cents & { —while Commodity Price Trends of Week BY H. N. McGILL, Editor McGill Commodity Service, AUBURNDALE, Mass., December 20 (#).—Two months ago there were signs of price stabilization, but since the 1st of December the trend has again turned sharply downward. This is well illus- trated by price developments during the past week. Out of 15 individual groups not one advanced, 3 remain stable— building materials, chemicals and fuels 12 remaining groups declined. The recent price weakness has brought the average of all commodities to a new low. And end-of-the-year check-up on pro- duction shows that the average decline | for the 14 leading industries is 14 per | cent less than the 1929 average. Com- | puted on the present rate of operation, | production would show over a 30 per cent decline. Another check-up on in- ventories shows that out of 20 leading | materials stocks on hand in 14 lines are above a year ago and 6 are lower. The largest gain is in the case of cop- | per, which is up 190 per cent, zinc (120 per cent), rubber (67 per cent) and tin (52 per cent), compared with a | year ago. All Commodities. All commodities are now more than 30 | per cent under the 1926 level. The sharp decline last week was caused | principally by lower prices in the indus- trial group, which is composed of non- ferrous metals, ferrous metals, textiles, hides and leather, paint materials and | vegetable oils, Industrial Prices. A decline more sharp than in any period in recent weeks was recorded in ndustrial prices. The problem of es- tablishing stabilization is difficult in the | face of high inventories of raw ma-| terials and conservative demand, reflect- ing the low operating level of indus- trial activity. Agricultural Prices. Agriculture prices were sharply low- bringing the average to a new low. Corn and wheat have again taken the leadership, on the down side, which has carried in’ its wake price weakness for practically the entire agricultural list. Dairy products have recently sold at the lowest level on modern records. Non-Ferrous Metals. Sharply lower, non-ferrous metals re- flected further demoralization in silver and tin. Price weakness in copper clearly illustrates the important eco- nomic point that artificial influence is not the solution to oversupply. Textiles. | D, C. Papes W. M. Cold Stora Principally due to the sharp break in cotton last week, textiles were extreme- ly low and established a low of 9.45 cents. Important Price Changes. Dec. 19, Dec. 12, Jan. 3,'30, this'wk. prev. wk. 1si 1030, All commoditie 69.7 0.9 81.5 TR ot Y e gf, v Others oBaonnssalin o Industrials . Agricultural Non-ferrous fine. leat SATURDAY. - I5? SUBSTANTIAL BOND RECOVERY SCORED Market Displays Confident Tone Despite Profit Taking Sales—Trading Quiet. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, December 20.—Bonds continued their' recovery today with a much more confident tone than has been witnessed in weeks. While on Wednesday and Thursday every faint quiver of stocks was immediately re- flected in bonds, the momentum of the advance carried along the market today. It was true that the improvement brought out selling. for profits on issues that had been most widely depressed and have since retraced ground. But these spots were in the minority and many of them were canceled by subsequent, support. ‘The improvement affected the whole list. Volume was moderate for a Saturday session. Money rates were unchanged. High-grade iseues like Atchison Gen- eral 4s, Canadian National Che peake & Ol General 4l5s, Inland Steel 4125, Philadelphia Co. nd Utah Power & Light 5s, after gains of 2 4 points in the last three sessions, w back at levels nearly comparabl the cheapness of money. Cor had some substantial advances, ¢ ly Baltimore & Oho 4!.s. Philad & Reading Coal & Iron 6s and Atchi- son 4!s. e ith rtibles pecial- Washington Stock Exchange SALES. Washington Gas 6s “A”—$2,000 at 102, $500 at 102, Potomac Electrie 5'% % pfd.—1 at 1065, 10 at 1077, 5 at 10744, Wg;}’nngton Rwy. & Electric pfd.—5 at . Federal-American Co. com.—10 at 28'}, 10 at 28. Lanston Monotype—10 at 102. Merchants’ Transfer & Storage pfd.— 100 at 9315, Peoples Drug Stores pfd.—2 at 98. Real Estate Mige, & Guar. pfd.—100 at 614, 100 at 67, Merchants’ Transfer & Storage pfd.— 100 at 93, 100 at 93. Washington Rwy. & Elec. pfd.—$2,000 at 87, $2,000 at 8 $1,000 at 8 $1,000 at 8633, $1,600 at 867}, AFTER CALL., Washington Gas 41.5—81,000 at 983}, Bid and Asked Prices. BONDS. PUBLIC UTILITY, Amer. Tel. & Telga. 4! Amer. Tel, & Telga. 472 Am. Tel. & Tel. cil. tr Anacostia & Pot. R. R Anacostia & C. & P. Capital ia ge 55010 Wash.' Cons. Title 6s. STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9) Capital Traction Co. Wash. Gas Lt. Co. (18).. N. & W. Steamboat (138} Pot. Elec. Power € pfd.. Pot. Elec. Power 5 pid.. Wash. Rwy. & EL com. (7).... NATIONAL BANK. Capital (14) ... Columbia (12 Commerei. District i Union Trust (8s)...... o Wash, Loan & Trust {idi. SAVINGS BANK. Bank of Bethesda (69 ce & Bavings (10) Washineton (12) 10)..- y §a FIR] American (12) Corcoran (10).00] Firemen's (8) National Union’ (1! TITLE IN: MISCELLANEOUS, Barber & Ross. Inc., com Col. Medical Bldg. Corp. ol. Sand & Gravel pid. ©. Paper Mfz. pid. . Dist.” Najl. Sec Emer. Bromo-& Q Federal Storage pfd (8) Fed.-Am. Co. com. (1.20f Fed.-Am Lanston Mer. Tr. L Tr & e. & Inv. pid, risg Stores pld. Real Est. M. & G, pid Security Storage (de)... . Tor. Ref. & Wh. Corp.” {3} The_Carpel Coip. (150 W. Mech. Mtge. com. (6 Wash_ Med. Bldg. Corp Woodward & Lothrop pf “Ex dividen b Books ¢ n2sc extra. 130 extra. §17 extra, €177 extia. Unlisted 7De]‘anrlmenl. (These securities not listed under exchange rules.) BONDS. Bid 92 80 85 40 Asked. Army-Nayy Club 55.. : TRk Conimer ‘ Mayflow Metropolitan Ciub it N Anacostia Bank..... Chapin Sacks 87 pf Connecticut Pie Co... Chr. Heurich Brewery Distrjct Title Insuranc Frenklin_National Bank. Munsey_ Trust Co........... North Capitol Savings Ban Northeast Savinus Bank. Park Savings k s Raleigh Hotel Washington Sa Washington Title Ins. C ‘Washington Base Ball Club Woodridge-Langdon Sav. Speclal Dispatch to The Star. BALTIMORE, Md., December 20— Potatoes, white, 100 pounds, 1.25a1.75; sweet potatoes, barrel, 2.00a3.50.; yams, barrel, 2.50a3.00; beans, bushel, 2.00a 3.50; beets, crate, cabbage, ton, 19.00a2 5 caulifiower, s crate, 1.50a2.75: eggplant, 2.50; kale, bushel, 50a65; lettuce, ham- per, 1.75a2.75; peppers, crate, 1.00a2.50; parsnips, bushel, 75a1.00; spinach, bushel, 60a90; tomatoes, crate, 1.00a 4.00; turnips, bushel, 75a1.00; apples, bushel, 60a2.00; cranberries, box, 2.75a 3.75; grapefruit, box, 1.50a3.00; oranges, box, 1.75a3.25; tangerines, box, 1.00a1.75. Dairy Markets. Poultry alive—Turkeys, pound, 32a35; old, 20a28; chickens, springers, 20a24; Leghorns, 15a18; bareback, 12a13; old hens, 18a23; Leghorns, 12a16; roosters, 18a23; ducks, 12a20; geese, pigeons, guinea fowls, each, 30a60; pigeons, pair, 20. Eggs—Receipts, 314 cases; nearby firsts, 32; hennery, whites, first, 34a35; southern firsts, 30; current receipts, 30. Butter—Good to fancy creamery, pound, 30233; ladles, 23a25; rolls, 18a20; piocess, 28a29; store packed, 14ald, investment | Received by Private Wire Direct to The Star UNITED STATES. (Sales are in $1.000.) Sales. High 71 10130 101 16 102 100 50 1 10 10 1 Lib 3%s, Lib 15t 424 Lib 4th 4148, USS%hs 43, US3Xs'4T., US3¥s. US4s'44.... US4us62.. 1029 10214 10 108 12 108 11212 112 FOREIGN. Sales High. Argentine 51s 6 1 84% Argentine May '61. 9 Argentine 6s Oc '59 Argentine 68 B ‘58, Australia 4% Australia 6355 Australia 63 '67 Austria 7s'43 Bl of Chile 6% '61 Batav Pet 4748 "4 Belgium 6.8 "¢ Belgium €s 5. Belgium 7s'65. Belgium 7s '56. Relzium 85 '41. Boli 78 '68... Bolivia 7s ctfs'69. . | Rolivia 85 4 Brazil 61es Brazil 6 Brazil 8s Dutch East 1 Nov. . Duteh East 1 6347 “rench 7s ‘49...... “rench Gvt 714 41 Gelsenkirchen 65'34 rep '49. Greek 6s3°63... Hungary 715 *44. . ftaly 78 '51. Italy Pub Japanese 18 Japanese Japanese 6 Karstadt 6s ‘4 Kreug & Toll Milan 6% s '52 New So Wales 63 Nord 6% 50. Norwa Norway 5 % Norway 63 "43. Norway 6s 52. Ortent dev 58 Orient dev 6: Paris-Ly M 7s " Paris-Or-5%s " Peru 65 '60. Peru 65 '61. Peru 7s " Poland 6s Poland 7s '47 “oland 8s " Prague 7 Queeniand 6s°47., Queenland 7s 41 Rhine West 63 '52. Rhine West 6s " Rio de Jan 6 Rio de Jan 8s 46 Suo P | 1lo 85 '36. Seine 7 . Shinye Sweden 515 '54. Swiss 5355 '46. ... Swiss Confed 8s "40 Toho Toho El Pow 78’55 Tokio 514861, Utd K Uruguay Vienna 6s MISCELLANE! AMItibl P & P 63 '63 Allegheny §s *44. Alleghany 5s "49. Allis-Chalm 5s '37. Am Ag Ch 7%s "41. Am F P 53,5 2030. . Am 1GChb5%s"49. Am Int Cor 5%s 49 Am N Gas 6l5s "42 Am S&R 1st 5s'4 Am ef 63737, cv 415839 70 Am Am Am T &T ¢ tr 53 46, T 6ssf60. T 5 AmWrit Pap 65’4 Arm & Co 4%8°39 Arm Del 5%s'43. ., Beth St p m 68'36. Cert-td deb 615 '48 Chile Cop db 554 Col G&E 65 May '52 Com Invest 515549 Com Invest 6s 48 C C Ma 1st rf 55’50 ConG N Y 5%s *45. Consum Pow 55 62, | Denver Gas s '51.. De Edison 5s ‘40, Fisk Rub 85 *41. Gen Motors 65 '37, Gen PSv 6%839,. Gen St Cas '49 Gen Thea Eq 63 '40 @oodrich cv 6545, Goodrich 6125, Goody'r Rub 58 *57. Hoe & Co 615 '34 Humble O11 55 *37 Hum O&R 6%s 62, MBTIstpr6sA. 111 Steel 435 "40. inland Steel 4% 578 In: Cement 53 '48. Int Hydro El 63 "44 Int Match 63 47, Int Pap 6s A 47 Int Pap 65 ‘55. IntT & T 43%8'52..100 Int T&T cv 416539174 Int T & T 63°55 43 Kan GasQE 4%%3'8( 9 LacGStL6s’34.. 1 Laclede 5%s C '53. 20 Laclede 5%s D '60. Lautaro Nit 63 '54. Lig & Myers 63 G Loew's 63 ex war wuorillard 6s°61. Lorillard 53s '37 Lou G & EI b8 B: McKes&Ro 5348’60 Man S 1st 7%s 42. Midvale Steel 6536 Mont P db 6s A "63. Mor & Co 1st 4%s. Nat Dairy 6% 5°48. . Nat Rad 6%s'47. .. N Eng T 1st 68 '52. N Y Ed 1st 63341 N Y Tel 6341 Nor Am Ed & Nor Am Ed 6%5 63 Nor St Pow 63 B 41 PacG & E1 6542, Paramount 63 *47 Pathe Exch 78 '37.. Phila Co 58 '67. . .. Phila & Read 63 *§9 Phil Pet 6% * Pillsb F M 65'43... Pos Tel & C 68 '63.. Pub Sv G 4%5'67 Pub Sv G 4%s *70 Pun Aleg Sug 78’37 6 Pure Ol 6%s'37... 5 Rem R'A6%s A 47 7 Richf’d O cal 63’44 9 Shell Un O11 65 '47. 100 Sincl 0 6%s B38.. 8 Sincl O 78 cv A" 1 Sincl Cr O 5%s Sinclair P L 6 Skelly Ol 8% Solvay Am b8 '42 Sou Bell T&T 5541 2 104% Low. Closs. 27 10129 28 102 30 10612 106 1 12 108 12 11212 Low. Close. B4ly 8. 911y 74 104 104% 1051 ous. 75 80 ki 9314 102 1008 100% 101 ) 841y FINANCIAL. Sales. High. Low. Close. SW Bell T 6s A *54. StOII N J bs'48. . STONNY 4%s'51. Tenn E1 P 68 A *47. Tex Corp cv bs *44 ‘Trans Oil 6148 38, Utd Drug cv 68 ‘83, U S Rublst 53°47.. Utah P & L 584 Utll Pwr 5859 ww. Vert Sug 1st 75 *42. Walworth 63 A *45. West EI deb 5s "44. West Un Tel 5s *51. West'Un T 63536 Wic Spen S ct 7s'35 Wil-Ov 18t 6145 '33 Wil & Co 1st YouSt&T 587 Atchison gen 4s '95 ncv 47541 CL1st4s'52... B& O 4s"48. . B&OCY4%8'33.. O 4%s8 60, 5 &O 1st B&O Swn dy 58 5! B & O Toledo 4s '50 Bos & Me bs 1955. Bos & Me 63 '67. 2 ev 6148, iyn Man 6s '8 Brooklyn Un 5845, Bkiyn Un 1st 6350 Can Nat 4%s 57 “an Nat 435 ‘68 1 Natl 4%s°55. . n Nat 53 July ‘69 Can Nat 58 Oct "69. Can Nor 6138 db'46 “an Nor 7s de ‘40, ‘an Pactfic db 4s.. Can Pac 4% ‘46 n Pacific 4% Can Pacific §s '54. Can Pac fis ctfs 44, Cent Pacfic 53 60. n Ry NJ gn 55'87 1es Corp 58 °47. .. {Ch&Ogn 434592, Ch&O4%sA'93. Ch&O4%sRB 95. C& O con 5539 CB&Qgen 4358, B&Qats Tl B&Q 1st rf 58°71. B&Q 111 dy 45 '49. ‘0 & East 111 6361 Chi Grt West 4s'59 ‘h M& P4iasC. 3 (P4%sSE,. M&EStP 4% 589, Ch M St P&P 58 15. Ch M & St P adj bs Ch & NW 4158 2037 Chi NW 43 sC 2037 *h & NW con 4%s. &NW 65 ‘36 Ch R I&P gn 45'88 ChRI1&Prf4s's4 CnRIcv4lss 60 ChRI&P4%sA W Ind 5%s 62 &St L 4%s (B) C U Ter 4%s 2020. Colo Sou 4355 ‘80, Cuba R R 6s '52 Cuba RR 6s ct Cuba Nor 53542 D &R Grgn 4 8. D& RGr4%s'36., Den&R G W 68 '55. Erie 1st con 4598, Erie Gen 4 Erle cv 5s 67, | Erie 5s1975. 0000 Fla E Coast 53 'T4. GrTrsfdb6s'36.. Gr Nor 41577 (E) Grt Nor 1st bs ir Nor 53 '73. Gr Nergn 53852, Gr Ner gen 78 '36. . Gulf Mobile 58 '50. HavERL& P 5s, Hud & M adj 63 '57. Hud & M rf 58 '57.. I11 Cent 4s 52, 111 Cent 43°53.. . Int Rap Tr 63°66. Int Rap Tr sta '66. Int Rap Tr 6s'32. Int Rap Tr 7s 32. Tnt RysC A 53°'72. Iowa Cen 1st 5538 Kan CFtS&M 4s'36 Kan City Sou 3s'50 { Kan City Sou 5s°60 Lake Shore 3%s 97 Lake Shore 43 °31. . Leh V cv 41552003 L &Nuni 4s'40.... L &N 4%852003.., Manh Ry 1st 4s°90. Market St 7s 40 Mil E Ry & L bs. MK & T 1st 45 '90, MK &T4%s'78.. M K & T adj 68 '67. MK&TprinbsA. Mo Pac gen 4s 75 Mo Pacific bs ¥ '17. Mo Pacific 5s G 78. Mo Pacific 5s H ‘80 Mo Par 518 ev *49. Mont Tr 1st 5 °41.. N Ch & St L 4s 78, N Y Cgn3is 7., N Y Cent db 48 ‘34. N Y Cen 4s'98.. NYC re im 5s 2013. N Y Cent db 6s '35, NYC& St L 4s°37 NY C&StL 4%s “7! NTC&StL6s'32. NY NH & H 45 '56.. NY NH & H 4s°56. NYNH&H db 485’ NY NH&H 4%s '67 NY NH&H ev db 6s NY NH & H clt 6s. NY O% W &n 4s 55, NY Rys 65 A 6 NY St Ry 4%8°'62 NY W&B 4145 '46 Norf South 58 *41. (or & Wn cv 48 '06. Nor Pac 4%s 2047.. Nor Pacr16s2047. Ore Short L 58 gtd. Qreg-Wash 4861 Penn zen 4% s £s'70. Penn 4%s '63. Penna s '64 Penn gen 58 Penn 6%s'36. ... Pa Oh & D 4%8 "7, PCCEStL4%sTT.. PCC&StLEsA.. Por R L&P T35 46 Read gen 4348 A"07 Readinz 4%s B... RIAr&L 4% St L Ir M'nt 65 '31. StL TM R&G 4s'33 StL&SFin4sA. StL&SF 414878, St L&SF prIn 68 B St L & SF gn 65’31 StLS W cv 4832, StLS W 1st 43’89, Seab A Lrf 4s'49.. eab A L 4s st *50. b A Lcv6s'd5. Seab All Fl 6s A'35 Seab All F1 6s B'35 Sou Pac col 45 '49.. Sou Pac ref 4s '55. Sou Pac 4%8'68 .. Sou P&Or 4%s'17. Sou Rwy gen 4866 Sou Rwy b3 '94 Sou Rwy 63 ‘56 Sou Rwy 6% Tex & Ark 5148 °50. Tex & Pac 65 C '79. Third Av ref 4560 Third-Av adj 6s '60. Un Pac 18t 48°47.. Un Pac rf 4s 200! Unilon Pac 4s '68. Un Pac 4%s°67. Va Ry 1st 53 "62... Wabash 4%s ‘78 Wabash 6s B‘76.. 1 1 8 13 48 10 7 2 60 5 1 1041 104% 98 105% 100% 10974 9674 0% 10415 104 98 105 100 109% 96% 693 Warn Br Pic 63'39.103 3 10 RAILROAD. 11 6 12 3 8 97N 13 1 28 1 67 T 23 1 ® B eBnaesEaitean~uee 102% 110 96% 101 0 1024 9914 101% 941 55 624 40 947 94% 2% 81 1% 801y 104): 104% 98 102% 110 9645 103 99 98% 103% 97U 90 8315 68% 68% 5614 8814 70% 12 95% 79 99 82 100% - o © SNREEAED An PR OAOR=Sna0n R8s anGa O 38 9Ty 9714 110 % 105% 920 101 961% 99 102% 107 107% 99 9914 107 107% < 100 99% 99 100% 97'% 847 T8% 9815 100% 9614 85 15 42 16 915 9% 90% 941 95% e 0 oS 95% 97 99 B4 90 101% 90 95 89 10014 693 9414 9314 95 92 98 94y 85 99% 933 105% 107% 96% 887% 100 80 80 69 92 xeue] |FRIENDS OF FARM - DEBENTURE ACTIVE Fight May Develop in Con« nection With Appropria- tions for Board. Spectal Dispatch to The Star, NEW YORK, December 20.—Is a fight developing against giving the Fed- eral Farm Board a new appropriation of $150,000,000? Senator Borah objected yesterday to immediate consideration when the bill authorizing that amount was reported to the Senate. Senator Borah always has favored the debenture plan of farm relief. He has stated, not only before the law creating the Federal Farm act was passed, but since, that the debenture idea is the only thing which will give the farmer himself any real relief or protection. “What docs the Farm Board intend to do with this appropriation?” asks the Senator. “What has it done with the other $250,000,000> For as far as I can see it has not benefited the farmer at all.” Whether this spells an immediate fight over Federal Farm Board appro- priations should develop today, if at all. Whatever develops, the expert de- benture champions are only waiting their opportunity to fight that issue all over again. For prices to the farmers are much lower now. than they were before the Federal Farm Board was created and before they started spend ing the $250,000,000 for “farm relief.” But Chairman Legge is sawing wood and saying very little these days. Milnor Has Difficult Job. George S. Milror, general manager of the Federal Farm Board's stabiliz- ing corporation, is not lying on a bed of roses. Although he commands more credit than any other American grain oper= ator today, he says little, seems always ! optimistic and discounts his own ime portance, but he keeps his eves fixed right on the price of wheat while the Chicago pit is in session. His associates on the Winnipeg, Liverpool, Buenos Afres and other wheat-trading ex- changes wire him frequently. In a short interview, he said, quite casually, some important thin, "'We Gon't pretend to affect world sup= demand or price, As a matter of , the price of wheat in the United States is not fixed by the world market. This country is not on a world basis in anything. “If 1 have somebody ‘come in here to paint my office, he is not paid on the basis of what a painter receives in Europe. The immigration laws stop the European painter from coming in. The tariff protects the manufacturer. g same for the farmer.” And the hope of such relief, in wheat prices, largely rests today in the hands of Mr. Milnor. The Foresiry Service. The Federal Government has always been parsimonious in its appropriations toward the forestry service of the De- partment 'of Agriculture. Controlling one of the most precious natural resources, the total amount asked for, according to the budget sub- mitted to Congress by President Hoover ior the forest service, the Bureau of Flant Industry, the Bureau of Entomol- cgy and the Weather Bureau, is just £22,000,000. ' And yet Robert Y. Stuart, chief for~ ester, in his annual report says that “the aim of the Federal forest policy is to bring about the highest use of the forest as one of the country’s great basic UGS a task ble in 2 a comparal ways with that of b \Wm& whole body of agricultural knowledge on which rests successful and profita= ble farming.” If the interest of the American peo- ple was insistent enough the United States could do wonders in this field, It might well take a leaf out of Ger= many’s book, in the fleld of re- forestration, where every tree is marked and guarded like something precious, In the United States it is just wood! Censorship in Cuba. Censorship is growing tighter in Cuba! President Machado remains under constant guard and his admin- istration says that no news coming from the United States is being cen- sored, but information from other sources indicates something different. Yesterday one of the most influential - of the Havana dailles—Diario de lag Marina—was suspended for the second :ime this month and the plant closed lown. Its editor, Aldo Baroni, one of Cuba’s most vigorous and frank writers, has been arrested and is now confined in a federal prison, under a strong guard, ‘The president of the Cuban Pres§ Association, Dr. Rafael Angulo, has proe tested the closing down of his 98-yeare old publication—the oldest daily newse paper in Cuba, and one of the oldest iri America, as being both “unjustified and unconstitutional.” Why was it closed? “My protest,” says Dr. Angulo, “is all the more emphatic because nothing has been published in recent editions of this paper, which might be construed even remotely as tending to criticize the Machado regime.” ‘Then why the closing down? Censore ship is pressing in, and affairs in Cuba are anything but healthy. Many Cubans hope that the resolution introduced in the United States Senate Py Senator Walsh of Massachusetts will be passed. They contend that such an investigation as is called for by the resolution will enable the people of the United States to see Cuba as it really is today. (Copyright, ¢ 1930, by the North Am Newspaper Alllance.) b Washington Produce ss‘Buta'fr——One-pound prints, 38a39; tub, 2a37. Eggs—Hennery, ceipts, 28a30. Poultry, alive—Turkeys, young, 33a 34; old, 28a30; chickens, 17al18; Leg- horns, 16; fowls, heavy, 15a16; small, l4al5; Leghorn fowls, 12; roosters, 13; ducks, 15; keats, large and young, 50a 60; old, 25a30. Dressed — Turkeys, young, 38a40; old, 34a35; chickens, 20a 22; Leghorns, 18; fowls, heavy, 17a18; small, 17; capons, large, 37a38; small, 82a35; ducks, 24a25; roosters, 15; keats, young, 70a80; old, 40a45. Meats—Beef, 18a23; veal, 18a23; lamb, 35a36; \ current re- ¢ 20a23; pork, loin, 24; fresh hams, 24; fresh shoulders, 20. Smoked—Hams, 25; shoulders, 18; bacon, 27. Game—Rabbits, 20a30. Lard—In bulk, 1235; in kages, 15. Live stock—Calves, 10; lambs, 8. Fruits—Strewberries, per quart, 1.00; oranges, California, 3.50a5.00; Florida, 2.5(::3.50‘: soirzn%fnflt, 2.50a3.00; L:;l!: gerines, 1. .25; kumquats, per qu: 20; grapes, Belgian, hothouse, per ggund, 85; emperors, 1.50a2.00; crans rries, 3.7 apples, bushel baskets, 75a2.00; box stock, 3.25a3.75; lemons, 3.00a4.50; pears, box stock, 3.25a3.75; pineapples, 5.50. Vegetables—Potatoes, 150-pound sack, 3.0023.25; Idaho bakers, 100-pound sacks, 3.25; Bermuda, per barrel, 15.00; sweet potatoes, per bushel, x.tmuai boes, S 75805, o hobz‘l'l. s xes, 1.75a2.25; cuc ancy, dozen, 1.80a2.50; r:v’:ch endive, m pound box, 2.50; peas, California, 7.00; Mexico, 5.00; string heans, 4.0025.00; lima beans, Cuba and California, 6.006\ kale, 75; spinach, 1.00a1.10. P Ghrltlhf.mu carols originated in the eleventh century, being sung between scenes of the miracle and mystery plays of the period. t < ‘ W!\' Lelieve the farm relief laws do the