Evening Star Newspaper, December 24, 1930, Page 11

g » F INANCIAL URB ISSUES FIRM IN QUIET TRADING Utilities Featured in Small Turnover—Raté Cut Aids Market. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, December 24—Stimu- lated by the reduction of the New York * Federal Reserve Bank rate from 2% to 2 per cent, stocks were firm on the Cuwrb Exchange today. Electric Bond & Share, after opening up 1% points, added a fraction to the gain. Sities Service started unchanged, but later rose fractionally. American Gas & Electric was up nearly 2 points. Reduction of the New York Bank rate brought cheer to bull traders, but failed to cause the shorts to scurry for cover. Sales in the first two hours amounted to only 193,700 shares, the smallest forenoon trading since December 4, when transactions aggregated 172,600 shares. American Telephone & Telggraph second paid receipts rose 31, points in sympathy with the outstanding common shares over on the big board. Duke Power, however, opened off 6 points and Commonwealth Edison was down 13 in points. Price Brothers Co., Ltd, which sel- dom appears on the Curb tape—in fact, records show no previous sale this year —came out at 411%, off 585 points from a transaction made late last year. Re- cent dividend action of Sullivan Ma- chinery Co. caused that stock to break to a new low of 20, off 8. Fajardo Sugar at 30 was down 2 and likewise at a new low level, as was Safety Car Heating & Lighting on a 2-point drop. ‘These weak spots are mentioned be- cause they were unusual rather than be- cause they typify today's trading. Swift International more than offset the de- cline of Fajardo Sugar in point of volume in the food group. Omission of the prior preferred divi- dend of Selected Industries, Inc. at this time was not unexpected in view of the fact that recent shrinkage in secu- Tity quotations, under Delaware corpo- Tration laws, made it compulsory to pass such payment. HAGERSTOWN PLANS SEWERS TO AID IDLE ‘Health Department Grants Permis- sion to Issue Bonds for Pur- pose—To Start at Once. Special Dispatch to The Star. HAGERSTOWN, Md., December 24. —Permission to issue $350,000 in bonds for the completion of Hagerstown's sewer system was granted to the mayor and City Council by the State Board of Health. The work must be completed by March 1, 1931, the board ordered, in order that it provide relief for the tnemployed here this Winter. Permission to issue the bonds was asked by the City Council following an unemployment registration conducted here earlier in the Winter which indi- cated 900, most of them unskilled la- borers, were without jobs., Upon receipt of the order from the State Board, Mayor Reuben Musey an- nounced that he would call a special Joint meeting of the City Gouncil and the Executive Committee of the Wash- ington County Welfare Federation, which recently conducted a campaign for charity funds, when consideration will be given to the type of labor that will be employed. Mayor Musey indicated that he would approve the splitting up of the project into four or five contracts, all of which must be started simultaneously in order to provide employment for the maxi. mum number of men. He wil also re- quire the successful bidders to em- ploy only Hagerstown residents who are heads of families. Prof. W. Spiegelberg Dies. MUNICH, Bavaria, December 24 (P). —Prof. Wilhelm Spiegelberg, Egyptolo- ogist of the University of Munich, died today at the age ol 60. ANACONDA DIVIDEND VOTED. NEW YORK, December 24 (#).—Ana- conda Copper Mining Co. today de- clared the regular quarterly dividend of 621 cents a share, Its subsidiary, Andes Copper, also authorized the regular payment of 25 cents. BONDS ON THE CURB lAlumlnum Co 53 1Aluminum Ltd 5s 1Amer G & E 5 P Bowirns i 2z 532 g Nowararanarscncasons Bron POREIGN BONDS. Mte Bk Ts 47 B Bominion 45, # & NEW YORK CURB MARKE Note—All stocks are sold In one hundred-share lots excepting those designated 1y the letter s (80s) (260s) which shows those stocks (o be sold in Stock and . Dividend Rate. 33% Acme Steel (213) 5 Aero Underwriters. 2 4 Alr Investors cv pf.. 141 93 Ala Grt Sou pf (113 115% 111 Ala Pwr cum pf (7). 50s 15% 4% Allled Milis (60c)... 3 $56- 147% ‘Aluminpum Co of Am 250s 7% 1 Amer Austin Car.... 50 5 AmCapital (B) . 26% Am Capital pf (3)... 27 Am CP&L (A) (a3). 4% AmCP&L B (10%), 10 Am Com P A (b10%) 6% Am Cyanamid (BR . 1% Am Dept Stor 4 Am Equities. 11 Am For Pow (war)., 3% Am Founders(b4-70) 74 Am Gas & El (11 8% Am Invest Inc (B 1% Am Invest (war) %0 Am Lt& Trac 2% 2 Am Natural Gas 9 Am Superpowr (40c 82 Am Superpwr 15t(6) 132 Am Tel&Tel 2d paid. 5% Am Ut&G (B) (35¢). 3% Anchor PF (b10%). 73 Anglo Chil Nitrat, 5% Appalachian Gas 3 Arcturus Rad Tube. . 4% Arkansas Nat Ga: 4% Ark Nat Gas (A) 20 Armstrong Cork (1). 4% Asso El Ind Ltd 30c. 15 Asso Gas & Elec. ... 13% Asso GRE A (at2.40)" 1'% Asso G&EI pur rts. . 14 Asso G&E (A) % Asso Rayon 31% Asso Rayon p! 18% Asso Tel Util (b8% ). 7 Atlantic Secur Corp. 8% Atlas Plywood (2)... 3% Atlas Util Corp. . 1% Auto Voting Mach. .. 5 Auto Vot Mcv pf pt. 171 Aviation Cor of Am.. 7% Aviation Securities 105 Babcox & W1l (19) 1% Bahia Corppf...ceess 18% 2% Bellanca Alrcraft 16% 3 Blue Ridge Cp(p20c) e 30 Blue Ridge cvpf(ad) % Botany Mills. . 3% Bourjois, Inc (25¢) .« 19% Brazil Tr&Lt(b8%) . 3% Brill Corp (A) (65¢)+ % BrillCorpB......uo. 20 Bulovacvpf (3%)..; 43 Butler Bros (30c). .. 3 Cable Radio T vtc. 2 Canada Marconi % Carib Syndicate 16 Cent HG & En 80e 11% Cent Pub Svc A al.76 7% Cent St El (k40c) 95 Cent St Elpf (7). 4% Centrifug Pipe (60c) 5% Chaln Stores Stock. . 13% Chat Ph Aln.v, (1) 131 Citles Serv (g30c). 78% Citles Serv pf'(6) 44% Clev El Illum (1.60). 5% Clev Tractor (80¢)... 10s S » AenemmaRanE Semane 14% o 170 55 19 141 % » = 9 o MM TN MW R g SO K o 9 preSemanBeont 15% Columbia Pic mm. 54% 16 Col Pict vtc (f1%). 235 217% Com Edison (8) 6% 1% Com & Sou wa. 19% 7% Com Wat Sv (b6%). 14 Consol Auto Merch 2 Consol Copper. 2% Consol Dairy Prod, 78 Cons Gas Balt (3.60). 10 ConsolLaundries(1) 39% ContChiCperpf(8). 1 43 Contl Share cv pf (6)350s 18% Cooper Bessemer (2) 3% Cord Corp. . 14% Corp Sec Ch 1% Cosden Oll..... 3 Creole Petroleum. 6 Crocker Wheeler. ... 10 Cross& Blkpf(3%). % Curtiss Wright war. 1% Dayton Alr & Eng. 29% Deere & Co (81.20: % De Forest Radio. 2 Derby Oil Refining. 1% Detroit Afreraft. 11% Diamond Match new. 11% Dinkler Hotels (2)... 6 Doehler Die Casting. 281% Dress SR (A) (3%, 14 Driver Harris new.. 2 Dubllier Cond & Rad Duke Power (§15)... 2% Dugquesne Gas Cp wi. 1% Durant Motors. 18 EastG & F Asso. 11% East St Pow B (1). 3% Elsler Electric Corp. 117% 374 Elec Bond & 8h (b 109% 100% El Bond & Sh pf (6). 98% 88 ElBond&Shcupth. 11 Elec Pow Ass0 (1)... 10% Elec Pow Asso A (1) 16% El Pow & Lt op war.. 8% Elec Shareholdg (1).. 31 Emp Pwr pt (14.60).. % Fabrics Finishing. % Fairchild Aviation 32 Fajardo Sugar. 10% Fiatrets (1.25) % Fliat Stock deb rt 1% Foltis Fischer Corp. 18w Ford Mot,CanAt2.10. 10% Ford Mot Ltd 37%e.. % Foremost Dairy Pr.. 3 Foremost Fabrics. 21 Fox Theater CI (A).. 14% Garlock Pkg (1.20) % General Aviation General Baking . 24% Gen Baking pf (3)... 9% Gen E Ltd ret (50¢)., 14% Gen Empire Cor (1). 25% Gen Thcv pf w.L.(3). 5 aner C Harv new. 50 Glen Alden Coal (8). 6% Globe Undwritrs 30c. % Gold Coin (new). % Gold Seal Elec new.. % Golden Center. # Goldfield Co Goldman Sach T ¢ orham Inc (A). Gorham Inc pf (3).:. Gorham Mfg vtc(f2) % Goth Knitback Meh. 21% Graymur Corp (1). 115% Gr A & P T pf (7). 155 Grt At&Pacnv 15.25. 2% Groc Strs Prod v.te., 58% Gulf Ofl of Pa (1%). % Happiness Candy. 13% Hazeltine Corp (2).. 5 Hollinger Gold t65c. 33 Hudson Bay M&S.. 58% Humble Ofl (12%)... 2% Hygrade Food Prod.. 15 Imp Ofl of Can (60¢c) 13 Ind Ter I1lu Ol (A).. 5 Ind Finctfs (b10%) 15 Ind Pipe L new(13) 45% InsCo N Am (13). 5% Insurance Sec (70c). 214 Int Holding & Inv Co 11% int Petroleum (1)... 2% [nternat Products. .. 20 Int Superpwr (£1.10) 4% Internat Utl1 (B)... 2 InterstateEquities 5 Interst Hose Mills 1% Irving Afr Chu war. Bomompnwmon anes e o ) ® 2 o [FPPEE- D -SOTUP NIRRT - [OPHE T VIS, IIOE - PSP L TR T N 391 87 784 32% 60 11 684 22% % 9% 88% 2314 a s - - 4 122 260 14% 166% 1% 35 7 14% 119 15 20 9% ety Open. High. Low. Clflfie 3 ates— ~¥rev. 1530.~ Stock end High. Low. Dividend Rate. 18 214 Ttalan Suverp (A).. 22 515 Jonas & N cum pf.... 87% 16% Lefcourt Real pf (3), 21% Leh C & Nn (1.40)., Ley (F T) & Co (3).. Loew's Inc war).... Lone Star Gas n (1).. Long Isld Lt (55¢) ., Louisiana Lan & Ex. Mangel e odd lots only. 33% 33% 5% 54 o P PP P U P P T T IO == JOPPR MeCora Ttad Mead John: Memphis N G (170¢)’ Mercantile Stores(1) Mid W St Ut (1%)... 4 Mid West Ut (b8%). Midld Nat Gas A 1.20 Mid St Prod n (2 Mo Kan P L (b10%)+ Mo Kan PL vic..... Moh H P 24 pf (T) Mount Prod (1.60) ... Nat American Co.... Natl Banksve (5 Nat Bond & Sh(75 Nat Fuel Gas (1). Nat Investors 4 Nat Leather Nat Sh T Sec A $50¢c. Nat Transit (1).. Nat Union Radfo. o g ewberry (JJ) 1. 10 ew Eng Pow pf (B). ew Jersey Zinc(t3) 4 New Mex&Ariz Land Newmont Min (f4).. N Y Hamburg (2%) Y &Hond Ros 1% Y Pet Royalty.... Y Steam Cp n w.i. ¥ Tel pf (63%).... 50s lag-Hud Pow I‘UE) l|0 9 8 T AR SRE - E e a0 Mac406) -Bem-Pd (13).. Noma El Corp (80c). Noranda Mines. ... 4 Nor Am Util Sec No Am Ut 1st pf (6)= % Ohio Copper..... Oilstocks Ltd A 50 Outboard Mot (B) Pac G&B 1st pf (1%) Pac Western Oil Pandem Oil.... Pender D Gr A (3%).250s Pennroad Cp (20c).. 43 Penn Wat & Pow (3) Peop L & P A a2.40.. Pepperell Mfg (8) Philip Morris Inc. Plymouth Ofl (2 Pratt & Lamb (15 Prince & Whitel Prince & Whitely pf. Pred Royalty (f1).. Prudential Invest... Pub Ut Hold (50¢c) Publie Util Hold war Pub Ut Hold xw 50c. Puget § P & Lt p£(6) RR&LLS (15).....2008 RR&Util Inv (A).. Rainbow Lum Pr A Rainbow Lum Pr Raytheon M{, Reiter-Fos Reliance Int (A). Reliance Manag. Reybarn Co. Reynolds Invest Rich Rad cum pf. Rike Kumbler (2.20) Eoan Antelope Min. .184s Rock Lt & P (90¢). .. Rolls-Roy of Am pf Rossfa Int Corp Russek’s Fifth Av Safe Car H& L (8)..125s Sateway S w(2d)(C)110s St Regls Paper (1).. 29 Sally Frocks, Inc. SaxetCo..... Schulte Ge-$1 St pf. .. Seaboard Util (50¢). 4 Seg Lock & H (50c).. Selected Industrie: SelecInd all cfs 4% Select Ind pr (5%). 3 Sentry Safety Con! Shattuck Den Min. S| Shenandoah Corp. ... Shenan Corp pf (a3). Sherwin Will (143%).10 Silica Gel ctf: 6 Singer Mfg ( 4 Smith (A 0) (2) Southern Corp. SouthldRoyalty (606) Spanish & Gen ret Stahl-Myer (1.20).. Stand Invest cum pf. Standard Motors. ... Stand Ofl Ind (2%). 4 Stand Oil of KY (12 Starrett Corp. Starrett Corp p: Strauss Roth. Strook & Co (1) Stutz Motor Car n Stllivan Machin Swift & Co new (2) Swift Internatl (14). Taggart Corp (1).... Tampa Electric (32). 3. Thatcher Sec Corp. . Tish Realty & Con. Todd Shipyard (4). Tran Con Air Tran.. Trans Lux DLPS.. Triplex Safety Glass Twin St NG A pt (1) Ungerleider F Corp. 650s Un N G of Can 11.60. Union Oil Asso (32) Utd Corp (war) Utd Dry Dock: Utd EI Sv pr wi Utd Found b2- Utd Gas Corpn. Utd Gas (war). Utd Lt & Pow A (1). Utd Lt & Pow pf (6). Utd Milk Products. . Utd Ret Ch pf (3%). Utd Shoe Mach t43%. 1 s+ US Elec Pow ww... 20 U S Foll CoB (50c).. 19 U S Lines pt (1). 6 US&Overctfs28%c 1 US Playing Cards(4) 268 Utd Verde Ext (2).. 13 Otll Pow & Lt (a1).. 12 4 UtP&LcfsB at1.02%. Util & Ind pt (1%). Utility Equits Vacuum (t4%). Venezuela Petrol. Vic Finan Cor (40¢). Walker (H) (1). Walker Min (1%¢).. Wayne Pump. . Wenden Copper. West Air Exp (60c).. RIGHTS. Expire. 10% Com Edison..Feb 2 5 Dividend rates 1n doliars based o payment. . *Ex dividend. = {Partly exira & Payable tn casn or stock. b Favable in dend.” £ Plus 5% 1n stock, ' g Plus iBlus 2% [ ] % Plus 8% 1 doce < s 0% 12 12 1% i # Add 00. Open. High. 2% 2% Received by Private Wire Direct to The Star Office Low. Close. 2% 2% 6% " 124 124 12 12 st auarteriy or semi-annual 1Plus 4% Sock: i 65" i ek, s ddiiatmins dlvi . BEk i stock. 3% in stock SENATE PAGES PRAISE CURTIS AT YULE DINNER 94: | Vice President Host at Gathering 92 | Started by Marshajl, and Gavel Is Presented Him. Following 2n annual custom at the | (Quotations furnished by W. B. Hibbs & Co.) Capitol, Vice - President Curtis today '¢ a Christmas dinner to the Senate s, in the Serate resturant. The te Thomas R. Marshall, while he was B Vice President, inaugurated the custom, end it has been followed by succeeding Vice Presidents. At the dinner today, Page Laureston Porter read a poem, narrating the his- tory of the similar gnherlnu ‘under former Vice President-Marshal, Coolidge | S2Ps" He brought the poem to a cnd Dawes. close with an expression of appreciation tc Vice President Curtis on behalf of $he pages. Page Frank Kearney read an outline ot the career of Mr. Cuxm Gettis, Laurence B. Hume, Frank J. Kearney, E. Willlam Kreutzer, Wayne E. Oats, Robert J. Pierce, Laureston R. Porter, Thomas Robinson, A. Ever- ‘Wray. The boys presented Mr. Curtis with a large ga\el FOREIGN EXCHANGES. Allis-Chalmers Co. 5s 1937 American Thread 5%%s 1938. Baltimore & Ohio 4'zs 1933 Batavian Pet. Corp. 4'as 1942, Bell Tel of Canada 5s 1957 California Pet. Corp. 5%zs 1938 Genadian Nor, Rwy: 413 1938 Chi“Nortnwestern K. B Chicagg Rock Iand 4 mc Gnile Cogrnr Co. 8 Nominal gold Selling checks BolGit S SRS B 267743 26/75¢ 26.83¢ TEEASURY CEBTIFICATES {Reported by J. & W. Ecligmen & Co nu— atur n‘ 4 ‘5- 3L B American Tel. & Tel. 5'as 1943, SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.s 10734 s 1933 l CHADBOURNE SUGAR' CAMPAIGN MAY WIN Finantier Still Has Hope of Bringing About Agreement on Conservation. BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK, December 24.—Thomas L. Chadbourne has tife reputation of being an able fighter. Not long ago he left New York with the determi- nation of bringing about a world agree- ment on the'reduction of sugar acre- age. He almost succceded—almost, but— Germany spilled the beans. She refused to sign the terms laid down at the Brussels conference. The meet- ing broke up. Afl the delegates have gone home—all €xcept Mr. Chad- bourne, He will stay in Europe to sec what he can do during tne next 30 days. This week he goes to Berlin for the purpose of trying to work out a compromise with the German beet sugar Here is the difficuity—Germany in- sists on exporting, during the five-year contract period, a maximum of 450,000 tons, for the first year, and 350,000 tons for the following four years, Thc Brussels conference thought a mum of 200,000 tons a year enough for Germany. There was a difference of 850,000 tons for the five-year period between the German delegates and the others, and Germany turned thumbs down on the deal. Even if the New York Jawyer succeeds in getting the federated German sugar industry to accept soma sort of a com- promise, he still has another big hurdle left in Russia. But no one has ever sald Mr. Chadbourne lacks the courage to tackle anything. 5 Bratianu Family. The death of Vintila Bratianu, former prime minister of Rumania, brings to a close the last of the famous Bratianu family, which ruled Rumanta with an iron hand for 60 years. M. Bratianu was minister of finance in the cabinet of his brother Jon. And before these two came to power their father ruled as premier for a genera- tion. These three practically ruled Rumania from 1870. Jon was much more successful than his brother, Vintila, because he was more industrious and more democratic. Vintila was inclined to take things easler. When I first met Vintila in his office | %5 in Belgrade, he spoke broken English, but had no difficulty in making his meaning clear. In New York he would have passed for a prosperous Wall street broker. He mentioned several times the enormous prosperity of the American people and was particularly intrigued by the tall skyscrapers of New York City. “I1 hope I may have time, after leav- ing public life, to visit America” he sald . “I've always wanted to see it, es- peciaily since ite has become the leader in world finance and business. But, alas, that hope seems far away now. There's too much to be done in build- ing up Rumania—too much for any of us_to leave for some time.” But another Bratianu is on his way up to political heights. That is George, the son of Jon, now leader of the pro- Carolist Liberals and formerly a col- lege professor. ‘Wheat Prices. Not during the lifetime of any busi- ness man now living has the price of wheat been so low. Think of Decem- ber wheat at Winnipeg touchisg 51 cents last week! In 1895 the low wheat average yflce was around 53 cents, and, with the ex- ception of a short time in 1894 and 1895, the figures today are the lowest since 1855. Last week the Department of Agri- culture told the American people that the total world wheat crop for 1930 will be about 5,000,000,000 bushels, includ- ing the wheat from China and Russia. With these two countries excepted, the wheat crop is nearly 300,000,000 bush- els larger than in 1829. The Govern- ment figures are 3,784.000,000 bushels !12;; years, as against 3,495,000,000 for The world depression, tied up with the big increase in wheat production (and a big Russian increase cannot be ignored), is responsible for the disas- trous drop in the price of wheat. This sledgehammer blow has dropped many farmers “for the count of nine,” and some have been knocked out entirely. Federal Reserve Policy. Chairman McFadden of the Banking and Currency Committee of the House of Representatives is at it again! Not only did he, in his recent speech in the House of Representatives, attack Eugene Meyer, nominee for governor- ship of the Federal Reserve Board, but he blamed the whole present de- pression largely on the stalemate which | has resulted from the Versailles treaty. According to Chairman McFadden, “the policy of the Reserve Bank should be governed by the Federal Reserve Board in Washington and not by one of the 12 co-ordinate banks.” And he would have America’s foreign affair$ handled, not by reserve banks, but by the State Department—a dig at the New York Federal Reserve Bank. ‘The whole problem of just how far the Federal Reserve Board in Wash- ington should have the power to ap- prove or reject policles inaugurated by any one of the 12 Federal Reserve banks is still a live issue, and Repre- sentative McFadden is forcing the issue upon publie attention. There is a question now as to whether Mr. McFadden will be reappointed as chairman of the Banking and Currency Committee in the new Congress. He was re-elected to the House, and he likes the job. Yet his political enemies are legion—extending from President Hoover, J. P. Morgan and Owen D. Young to many members of his own committee. “I'd like to know just what the chair- man wants the United States to do; I confess I don’t know,” said one mem- ber of the House Banking Committee to_this writer recently. Perhaps Chairman McFadden will make his position plain when Congress reassembles after the holidays. (Copyright, 1930. by North American News- aper Alliance.) o . Revaluation Planned. NEW YORK, December 24 (P).—A special meeting of stockholders of the Petroleum Corporation of America willl be held January 14 to act on a.pro- posal to revalue securities holdings at their approximate market value and reduce to $5 from $17, the figure at which stock is carried on the balance. The Executive Committee has been au- thorized "to pay a dividend of 25 cents when the reduction in capital becomes effective. $14 EXTRA VOTED. CHICAGO, December 24 (#).—Direc- tors of the Midwest Refining Co., a subsidiary of Standard Oil of Indiana, have voted an extra dividend of $14 a share. The total will amount to $9,- 000,000, based on 624,081 shares out- standing. Standard Oil owns 99.93 per cent o( the Widwest stock. Telephone National’ 5000 For immediate delivery of The Star to your home every evening' and Sunday 'nu Route Agent will Sl S EEAes cents per Sunday. PINANCIAL, STOCK AND BOND AVERAGES By the Associated Press. From Yesterday Today...... Previous day. Three years ago, weekiy aver High, 1930 Low, 1930 High, 1929 Low, 1929 Low, 1929 . (Copyright, 1930, Stas HOLIDAY MESSAGES SWAMP WIRE FIRMS Telegraph Companies Handle Millions of Greetings—Mail Services Also Busy.* BY J. C. ROYLE. Millions of messages of good will and holiday greetings are speeding over the wires, under the sea, through the air and in the malls today. There Wwill be more than 3,000,000 telegrams sent and received before January 2 and the larger part of these will contain Christ- mas greetings. One telegraph company is counting on handling at least 2,000,000 messages. Last Christmas the cable greetings car- ried by that company totaled approxi- mately 140,000. The radio communica- tions companies and the other tele- g‘rlph companies will handle their full In ‘1929 these telegraphic Christmas greetings showed an increase of 19 per cent as compared with 1928 in land telegrams and 36 per cent in cables. The way has been smoothed for e pansion of these messages by dec- orative blanks, suggested sentiments and prompt_service. Thgre gm! be, no mail deliveries Christmas day, but today and Friday every postman’s back will be bowed with the weight of expressions of good Wwill. The Post Office Department expected a reduced ‘volu of mail this year, according to Ar postmaster general, but if there is any drop it will be small. It certainly will ke far less than the falling off in busi- ress niail this year The real rush will he at Chrisimas, for the custom of send- ing New Year greetings has been fading out, due to the habit of sending a com- bined Christmas and New Year card on December 25. The heaviest volume of mail comes from individuals, each sending from 25 to 100 cards, who usually mail them all at once. ‘The average city usually can be counted on to prcvide 4,000,000 to 6,- 000,000 cards for each 500,000 inhabit- ants. In the rural communities the ratio of cards per person is much smaller. About 200,000 additional workers have been put on the pay rolls by the Post Office to handle this huge volume of mail. The extra workers will work an average of five days each, so that the holiday period will furnish at least 1,000,000 days temporary employment and pay. (Copyright, 1930.) New Securities Approved. NEW YORK, December 24 (#).—The New York Stock Exchange has approved the listing of 40,000 additional voting frust certificates of the Columbian Car- bon Co. to provide for acquisition of the capital stock of the Frederick H. Levey Co. of New York, manufacturers of printing inks. Coleman, assistant | 's 5:30 Edition, ndard Statistics Co.) GRAIN MARKET CHICAGO, December 24 (Special).— The wheat market had an easier tone today influenced by the decline in Liverpool. Trade was light. December old opened at 77% to 77!5. March, old, 80’% to 80; new, 81. May, old, 81% to 8115; new, 817 to 81%. July, 65% to 85Yg. After the first half hour, Decem- ber, old, 77. March, old, 80l; new, 80‘4‘ May, old, 81':; new, 82. July, Curn was higher on covering by over- night shorts. March old opened at 6774 to 6712; new, 68!2. May, old, 694 to 69!2; mew, 70 to 70'%. After the first half hour, March, old, 6712; 6815, May, old, 69'; new 70. Oats were firm with corn. December, old, opened 31'4. May, old and new, 33. After the first half hour, Decem- ber, old, 31%; May, old and new, 33. Provisions were higher. Subscription Rights Extended. NEW YORK, December 24 (#).— Rights of stockholders of American De- positor Corporation to subscribe to ad- ditional shares in the ratio of 1 share for every 25 held at 5 per cent below the market price has been extended to January 31. REGAL SHOE C0. EXPANDS. WHITMAN, Mass.. December 24 (#). —The Regal Shoe Co. has acquired 22 shoe stores in principal cities from the Emerson Shoe Stores Corporation, the Regal Co. announced today. Officials of the Regal Co. said the acquisition, bring- ing its chain to 105 stores, assured con- tinued full operation of the Regal factories here. —_— A first edition of Stevenson's play, “The Harging of Judg was sold in London recently for $1,000. CAULKING There is a crack about % of an inch around 95 per cent of all win- dow and door frames that are set in masonry. This crack vari i frames shri tract when you as being serious, but do square feet? out the cold and dust. Can be the painted woodwork. Established 1920 *ks A-.11 TOBAGED GROWERS PLAN ASS[]CIATI[I Campaign to Organize 00- operatives Is Fostered by "~ U. S Farm Board. By the Associated Press. RICHMOND, Va., December 24.— Tobacco growers have renewed their interest in co-operating marketing since the passage of the agricultural marketing act, a Federal Farm Board bulletin received here today said. The bulletin mentioned the fact that Virginia growers, with the aid of the Farm Board, began in October of this year an active campaign to organize two associations, one to handle bright tobacco and the other to handle dark tobacco. In 1929, the bulletin said, there were more than a billion and a half ds of tobacco, all tupes, wn the tobacco States, _incl Virginia, North Carolina, Kentucky, Tennessee, Georgia, South Carolina, Pennsylvania, Wisconsin, Ohlo, Connecticut, Mary- land, Indiana, Florida, Massachusetts, West _ Virginia, Missourt, Minnesota, New York and Louisiana. bulletin asserted that the Farm Board was ready to assist any of the tobacco territories interested in or- ganizing and working out l marketing program, and said .r“ in these States must organize if they are to re- ceive benefits of the agricultural mar- keting act.” At the present, according to the bulletin, which was entitled “Farmers Build_ Their Marketing Machine; the Farm Board representatives are working with the tobacco growers in Tennessee, Kentucky and Georgia. It was_suggested that the wers learn what co-operative marketing “can do and what it cannot do, success. The work of organizing two n.odl tions for the mark of started in North Carolina during t.he latter part of this year, the bulletin said. NEW YORK COTTON NEW YORK, pecember 24 (Ape- cial).—Cotton prices advanced 1 to 5 points at the opening of the market today. Ring sentiment veered arouud avemisht to adopt a cautious attitude side of the decline, with market comnunukm urging that sales be confined to advances. Southern houses were the chief sellers, while the Ioch trade and continental buyers were active. Opening prices were: December, new, 9.67, up 3; January, old, 1 Weatherstripping and Caulking Saves its entire cost in one season %4 of an inch wide may not impress you know that this small crack in a & residence with 30 windows is equal to am opening d 6 WEATHERSTRIPS Me.!huwbflminmmhflluh‘l-fl.lfl vflnrz ing'» ‘g s of Ao wnhontmrh.tho-nnhvm-w-u vings or marring Estimate Made Without Obligation WEATHERPROOF CLEANING CO. BOND BUILDING District 0014