Evening Star Newspaper, December 26, 1930, Page 15

‘IN'NARROW RANGE Most Groups Are Inactive, With Utilities Issues Featuring Market. BY JOHN A. CRONE. @neslal Dispatch to The Star. " NEW YORK, December 26.—Trading on the Curb Exchange today was dull and prices moved irregularly. Public utilities furnished the bulk of the amall volume of dealings, while miscellarieous industrials provided most of the wide fluctuations. Blectric Bond & Share showed signs | of sctivity near mid-day and advanced about a point. Cities Servicé was rather inadtive and moved within a very nar- Tow range. flg‘h only large block to appear in the two hours was Cables & Wireless B, in a lot of 10,000 shares was up 15 &t %. The biggest fluctuation during fllll period was a decline of 4 paints in American Arch to & new low of $0. Trading in the forenoon smounted o 176,200 shares, the smallest two hours of curb dealings since December 4, when transactions in the same period aggre- gated 172,600 shares. Omissions of the Twin States Natural Gas class A common dividend of 25 cn:u quarterly, ":'i at '.m:)c ‘kh.:)'e w:g not_unexpected, the s I at 1, off 1, and &t & new iow. Ferro Enamel Corporation ped 3% on a lot.of 100 shares, while Aluminum Co. m\‘-fl mpanies were A: H Mlco :::;;n Bt -Iw its . = Butter—One-pound prints, 37%438% . 36a37. dufll 15; keats, large md 60; old, 25a30. ‘Dressed—Tur] 33a35; old, 31a32; chickens, 20a ; Leghorns, 18; xm heavy, 17a18; m 17; capons, 37a38; lflll fluekl 24a25; m 18; ; old, 40845 cbme—rubhlfl. ‘Lérd—In bulk, 12%;; hl.mm“' 15. w 85; apples, bushel ¥ uxm 3.2583.75; lemons, 3.00a stock, 3.25a3.75; pine- u; - Potatoes, 150 = pound o new, per , per bushel, large 00; New York, small crates, cabbage, new, per hamper, 3. 20Bs, per busns | Soa1 50; peppers, per a. ppers, il 50a3.00; Mu .5004.00; ‘.00‘7.00- cumbers, fancy, per dozen, 1.8082.50 = . ‘;zpounn box, 2.50 25.00; kale, 75a1.00; INVESTMENT TRUSTS NEW YORK, December 26 (#).—Over« ter market: e Amér Composite Tr Shares.. High. Low. Alabama Pw 4 2 u_u'a ; =gs nEy 22a8.2288 sz::ai.. <5 g223 < o 22 s3888 S fiu‘:‘;:fl 5 ses253838883 S5 53 s8 FETEIE SWE I 8382582 S £33 2l ERESi 2 ey 282! & ::gs%:s e see Smsanfed ~:‘§ X >Feeu il 3 e = £ 2% ) geiagaes Hig - & E 228 &5 [ 58: Note—All m are 109% 100% EIl Bond 18 22 112 Dulte Power (§15). mflbh s% Aero Supply (B) Aero Underwriter: Ainsworth Mfg (1).. Afr Investors ev pf. . T - Allfed Aviation. . ... Allfed Mills (60c). .. Aluminum Co of Am 250. Alum Ltd cum pf §). Am Areh Co (3)..... Amer Austin Car. Am Capital prof 5% Am Capital (B) Am Cigar Co. . AmC P&L B (1 Am Com P A (b10%) Am Cyasigmld (B).. Am Dépt Stores. Am DT NJ ev pt (7). Am Equitfes...... Am For Pow (war). Am Founders (b4-70) Am Invest (war). Am Lt & Trac (3%). Am Maricabo....... Supérpowr (40c) Am Ut&G (B) (35c). Anglo Chi) Nitr Appalachian Gas. ... Ark Net Gad (A). .. Asso Dyéing & Prig. % Asso El Ind Ltd 30c. Atlas Util Corp. Atlas Utilities war. Auto Voting Mach. .. Auto Vot M ev pf Bt Aviation Cor of Am. Baumarfn (L) pf (1) 25- Bellanca Aircraft. .. Bigelow-Sannford. Blue Ridge Cp(p20c) 41 Blue Ridge 6vpf(43) - 26 Brazil Tr&Lt(b8%). 8 Brill Corp (A) (65¢). 1 Brill Corp B. Br Celanese re Buckeye P L (4) Cable & Wire B rote. Canada M: Synd! m Celan ct 1st pt (47%) 508 Cellulsia Co 20% Cent St E1 (uoc) . Chain Store Dével. .. Chain Stores Stoek. . Chat Ph Aln.v, (1).. Citien Serv (g30c)... Citles Serv pf (6). Clev Tractor (80c). Club Aluminum Uten Col Oil & Gas vte.. ... Columbia Plo (£1%). Col Pict vte (f134) ColonOil. ... 5 15 Comwith Securities. 1% Cons & Sou war. 65% Com His Am Sh % Conistock Tunnel % Consol Auto Mereh. 2 Consol Copper. . 2% Consol Dairy Prod 78 Coni Balt (3.60). 15 Cons Gas Util A 2.20. &% Cons Gas Util B vie. Conisol Laundries(1) w. Consol Retail Stores 2% Céns Royal Ofl (50c) 42% Contl Share v pf (6)425s 40 Cont Sbares pf B (6) 300s 18% Cooper Bessémer (1) 1 3% Cord Corp. . 144 Corp Sec Ch (b8%). . 8% Corroon & Revuoids, 40 Cor & Rey pf A (6) 1% Cosden Ofl. 3 Creole Petroleum. % Cresson Consol (4c). 6 Crocker Whesier. ... % Crown Cent Petrol. . & Cuban Cane pr opt w. 1 Curtiss Afrports vte. 1% Dayion Air & Eng. .. 29% Deere & Co (£1.20) % De Forest Radio Derby 8OO0 00 s 4 2300 " 15 Detroit Gask (1.20).. 6 Doehler Die Casting. 281 DressSR (A) (3%). 2 Dubilfer Cond & Rad - - PN RNRRA NN~ A RAB S 1% Durant Motors. . 11% East St Pow B (1) 28 East Util Asso (2) 1% Edst Util Inv (A). 3% Eisler Electric Corp 650 0 0 3 m Bourjels, Inc (25c).. & ~200s 114 2 o % 244 Edison El, Bos 13.60. fl\l 240 44 37 Elec Bond & Sh (b8) 410 40% ot (6). El Bond & Sheupf § Elec Pow Asso (1).. 10% Elec Poéw Asso A (1) 16% El Pow & Lt op war. 8% Elec Shareholdg (1). % Empire Corporation Empire Fire Ifis. Emp G&F cu pt (1 Emp Pwr pt (14.60 20% Employ Refus (1:4). % FEngineers 6 Ex-cello Air & Toel. % Evans Wellow Lead. % Fabrics Finfsning. 30 Fajardo 8 Federat Met (11%).. 33 Ferro Ensm A 14%.. 10 Fiatrets (1.35). % Fiat Stoek deb rts. .. 19 Fire Assn Phila 1.60. 7 Flintkoté Co (A).... 18% Ford Mot.CanAt2.10. 6% Ford Mot France 38¢ 10% Ford Mot Ltd $7%e. % Foremost Dairy Pr.. 1% Foremst Dairy pr fl. 2% Fox Theater C (A 4 Gen Alloys (30e). - ® ST TSIPPRSIN A, o 5% 1 Baxn 24% Gen Baking pf (3) Gen Capftal Corp. ... 9% Gen E Lad ret (50¢). 14% Gen Empire Cor (1). 374 Gen G&E ov of B (6) 25% Gen Th eév of w.L.(3). 6% Gerrard (SA) (1%). § Gleaner C Harv new. 6% Globe Undwritrs 30¢ % Golden Center... ... cnBuaan - 3 - B w 2% Groc Strs Prod v.te.. 58% Gulf Of of Pa (1%4). 19% Hazeltine Corp (1).. 25 Hormel (Geo) (2)... 14 Horn (A C) 18t pf. 30% Horr & Hard (1%).. 3% Hudson Bay M&S. . 80 Huyler Strs cu pf(7) 88% Humble Ol (23%). . 2% Hygrade Food Prod. 15 (mp Ofl 6f Can (508) 12% Ind Ter Illu ON GA) § Ind Fin ctfs (510%). Ind Pipe L 13). [ndus Fin cv pf (7). 45% [(naCo N Am (18). .. 5% Insurance Sec ( 6 Intercoast Trade (1) 11% int Petroleum (1) 2% [nternat Products. 20 Int Superpwr (£1.10) faternas Ut (B)... 2 [nterstateEquities. . 27 Interstate Een pf(3) 6% [rving Alr Chute (1) 2% (talian Superp (A).. 5% Jonas& N cum pf... - 8 Hed - CEETT-1Y anvne mamRR-.5 N L Received by Private Wire Direct to The Star Office Stock and Dividend Rate. ual Hien. la'/. u- Guons. Kirby Petroleu Knott Corp (1). I Kolster-Br (A Sh). _§ Lakey Foundry. G&C pf (6). 258 Landay Brotners. Lefcourt Real t Lefesurt Real pf o * §"“£§"“2~°§§: By2y2,3 #egh--§ Met & Min Inc Mid St Pet vtc A. Midld Nat Gas A 1.20 4 Mid Roy ev pf (3) 15 Miller Meunt Nat American Co. Nat Aviation. Natl Banksve Nat Bond & S (75¢) Nat Food Prod (B). Nat Fuel Gas (1). Nat Pub Sve pf (7 Barke Davis (11.65). Pennroad Cp (20c). . Penn Wat & Pow (3) Peop' L& P A a2.40.. Perryman Electric. . Petrol Corp war. Philip Morris Ine. ... Pitney B P n (20c).. Pitts & L E (110) Pitts Plate GI (2) Prent Hall cv (3) Prince & Whitely Prince & Whitely pi Prod Royalty (f1). Propper MeCallum R R Sh Corp (25¢c) Rainbow Lum Pr B.. Rellance Int (A). Reliance Manag Reybarn Co.... Reyniolds Invest. Rich Rad cum pf... Rooseve) Russek’s Fifth Ave. Safeway S w(2d) (©) 2008 St Regis Paper (1).. 24 Schulte Un bc-$1 St. Schulte 5c-$1 St pf. . Seaboard Ut (50e). Seam Lock & B (50e). Selberling Rubber. .. Selécted [ndustries. Selected Indus cfs. .. Selected Indus pr pf. Sentry Safety Cont.. Shawingan W (2%). Shenandoah Corp. .. Shenan Corp pf (a3). Siliea Gel ctfs. .. Singer Mfg (122). Smith (A 0) (2). 86 Am Alr Lines 1st. 80 Am Gold & Plat. .~ SoCal Ed pf C (l’h). Seuthern Corp SouthldRoyalty (0c) Sou Dairy pf ww. Spieg M St pf (6%). Stabl-Myer (1.20) . Stand Of] Ind (2%). Stand Oil of KY (12) Stand Oil Ohlo (2% ) Stand Ol of Ohto(5) Starrett Corp Starrett Corp pf (3) Stein (A) & Co (1.60) Strook & Co (1) Stutz Motor Car Sunray Ofl (b5%) Swift & Co new (2 Swift Internatl (14). 3% Syracuse W Mch(B). ‘Taggart Corp (1)... Tampa Eleetric (32). Techmnicolor Inc. ... Teck Hughes (60c) . . Texon Oil&Land (5) Thatcher See Corp. . Tran Con Afr Tran.. Tubize Chatel (B). Tung Sol Lamp (1) Twin St NG A pt (1 Ungerleider ¥ Corp Unfon Am Invest. % Unfon Tobaeco. Utd Cheia pf (3). Utd Corp (war) Utd Dry Dock: Utd El 8 pr wi Utd Found b2-35 sh. Utd Gas Corpn. HELD ON RUM CHARGE Road House Proprietor Taken in Reid in Arlington County. By & Staff Correspondent of The Star. ARLINGTON COUNTY COURT HOUSE, Va., December 26.—S, W. Fer- Although city workers the city hall fi;homlim Leh C& Nn (1.40). Ley (FT) & Co (3) Lion Oil & Refining. % Loew's Inc war).... Lone Star Gasn (1). Long Isld Lt (68¢). . Louisiana Lan & MacMarr Stores (1) Magdalena Synd Mavis Bottling . Mayflow Asso ( Memphis N G (1106) Mesabl Iron. . ISpt D! (l) €1.60).. ..:?:.- Sualinsssautl Nauheim Phar. Nauheim Phar of... Netsner Bros pf (7). Newberry (1J) 1.10. New Eng Fuel new. . Newmeont Min (£4). N Y Pet Royalty.... Niag-Hud Pow (40c) Niag-Hud Pow A w. Niag-Hud Pow B w.. Niagara Sh, Md(40c) Nipissing (30c)..... Noma Ei Corp (80c). Norands Mines. ..... Nordon Corp Ltd. No Am Aviet A war.. Neor Am Util See..... Nor & So Am Corp A. Nor Europ Oil Corp. . ©Ohto Copper. Outboard Mot Pac GAE 1st pf (1%) Pac Tin Cop spec (2) 208 Pandem Oil .. 3 San 43 @ s AR oadms sfihfigxi"!”:‘g YT FEFTLCFITEI L E I L3 PR F T o 2%, Le waces B & TECTRLFRRE T SR 2§ § 11 - 20 ReFos "5 - AeSuSounmnanno !»-3~ 5 8205020 Re® ¥ ® ] ERu~Ianw~3 Boisiink eSS s~ ¢ Util Pow & Lit (81! Utility & Ind. Utll & Ind pf (1 Utllity Equities. Vaeuum (14%) Venezuela Petrol. Vie Finan Cor (40¢). W‘ll-Lo' Cafeterias. Winter (Benj) . “Y* Oll & Gas. Zonite Produets €13, o STomTS. Expire. ‘om Edison..Peb 3 Puh Srv N Ill. ,.Feb. 3 Jugoslav Sugar Trust to Quit. mfl. .mmm. trust wfllbea-olndmml,n'um- nounced yesterday. After um date lwwrl- will be free to sell prices. Growers exvefl thlt dl.llolutlon of the trust will higher prices for their sugar 24| cimed 9 % mu, wod and cholce, 100-130 pounds, {IMPORTS DECLINE IN DOLLAR VOLUME L] Quantity for Nine Months Is Well Up to Five-Year Average. The decline fn American imports in the first fiine months of 1930 18 rather sharp when eompared with the high % | value records set up in the same period of 1929, but the showing is much more favorable when compared with | the five-year average on & quantity basis. This point is brought out in a bulletin, “Our World Trade,” just issued by the Foreign Commerce Department of the Chamber of Commerce of the United States. Comparison by quantity ' | of 20 Jeading ‘commodities imported by this country in the first nine months m\helwlm the cham- flmwhx-::wr.mcvmm 5 gasoline, naphtha, not including nitrate and fish. uantities of which de- raw silk, cane sugar, crude petroleum, burlaps, unmanufac- leaf tobacco and cocoa Raw hides and skins were im- the same amounts 1925-1929 period. prices, which in both our domestic and also the dollar red with R c?‘?.only'out %, e Surprising] was | to think that this ,000 por . _The value in 1930 81!3 372000 38 per cent below 1929 low the five-year aveme is on the increase of the first nire . g receipts dg( w‘t’tehewm- pounds, se a mark—S5 per cent above 1929. was 38 per cent be- Commodities. purchases of crude months of 1930—in 835,618,000 pounds—were 15 ent smaller than a year ago, the exceeded only by the 1929 imports. The average import price was 14 cents as against 19 cents & year ago. “Imports of cane sugar during the three quarters of 1930 were the smallest slightly more than 5,000,000 pounds, 40 T cent under 1929 and 30 per cemt low the flve<year average. “Standard newsprint paper imports were 4 per cent lower in quantity thnn a year ago, although still 18 per cent B-bove the 1925-1929 average. “Receipts of erude petroleum were j the smallest in years, being 24 per cent below the 1929 quantity and 8 per unY. below the five-year average. Import of crude petroleum from Cclombm m- creased, while those from Mexico, Vene- zuela and the Dutch West Indies fell heavily. Much of the petroleum from the North Coast of South America is now coming in in the form of and topped petroleum refined at Cura- cao. Consequently, Imports of gasoline, naphtha, etc., have shown a rapid rise during the recemt years. Receipts of gasoline during the January-September period of 1930 were more than double those of 1929 in volume and were 125 per cent above the average. While the average n?en price of erude petroleum cents & barrel, the average price gg barrel of gasoline fell from the 1 figure of $5.52 to the 1930 average of $3.51—a priee decline of 38 per cent. i, “Tin imports declined 12 per cent below 1929, although 2 per cent greater than the average imports during the 1925-1929 &ermd. The average import price of tin in 1930 was 35 cents a ; in 1929 it was 48 cents. “Imports of bananas remained about thenmeu-ym .-flhm]yn: per_cent “m quan! the January-September period ol u:o a35 showed a decrease of 39 per cent in ‘pusntity below 1929 and 40 per cent be- low the five-year average receipts. Copper Imports Drop. “Imports of raw hides and skins de- cent in quantity compared with 1929 figures. Imports of unrefined copped declined 9 per cent in quantity compared with 1929 figures, although | me 18 per cent above the five-year average volume. Wood pul were 2 per cent smaller in quA.nm.y than a year ago Olfl?nr('d the 1925-1929 average ™ ts, however, the volume showed a ol' 7 per cent. Imports of fi were substantially belov the 1929 re- aelflh and the average of the past few CHICAGO LIVE STOCK iABKET CHICAGO, December 26 () (United States w of Agriculture) — }mg— ts, 42,000 head, including 17,000 dl:ect weights below 220 pounds active, steady; others slow, 10a15 lower; packing sows steady; ? 8.50; bulk, 130-220 po\md.z 8.10a8.50; 230-300 gozs light Nght, [haios, 1608 3 choice, 140~ pounds, 8.25a8.50; light welfm 100-260 pounds, 8.25a8.50; medium weight, 200-250 pounds, = 7.85a8.40; heavy ' weight, 250-350 pounds, 7.50a 8.00; packing sows, medium and good, 75-500 potinds, 0.658735: siaughoer c-me—nempu 3,000 head; calves, |5 2,000; general market uneven, but | 7 mostly steadr: largely steer run; bulk selling at 9.00a11.50; choice kinds ab- 3 12.25 for 1,316-pound aver~ erages. stock slow, steady; vealers strong at 8.50a10.00; few 11.00 and bet- ter; shippers not very active for weighty fat steers; slaughter cattle and vealers, steers, choice, 600-900 pounds, 10.75a1 900-1,100 pounds, 10.75a 11 ’Il.l 1,300 9’0% 7}'0 .25214.25; pounds, 9. .75; common 600-1,300 pounds, 6.50a and choice, 12.00; %; Somonon eud me- kinds, feeders around laml pounds down, good and chols 8.75; medlum. 6.25a7.50; all common, 5.2586.25; ewes, pounds, medium to choice, 2.00a3. common, urs | 4.75; common to plain, 3.75a4.25. 0 0Old Custom ~ FINANCIAL GIFTS TO BUYERS ARE BANNED BY WHOLESALERS IN NEW YORK of Entertaining Out-of-Town Purchasing Agents Abandoned by Many Firms With Good Results. BY LEMUEL F. PARTON. Special Dispatch to The Star. NEW YORK, December 26.—Here in New York, great buying center of booze m one observes changes in busi- , & new realism and &i- reclneu in business relationships, a considerable deflation of the bunk and blather of the bull market days and mere of am inclination to boll down commercial intercoursé to the “yes, yea nnjd’nny, nay” which the Scriptures enjoin. Many New York business houses sent out to compénies from which they pur- chase large quantities of supplies the following letter, somewhat paraphrased, | §et but substantially the same in each in- them stance: Ban on Gifis. “We urgently request that you do not allow any of your personnel to send m.rchui.nc agents gifts of eater tickets or remem- d such uuh:ve been romnry in the past. While we ap- preciate ~the friendly spirit which prompted such seasonal gifts—and this letter indicates no unfriendliness toward your organization—we have concluded that this custom is not in keeping with sound business procedure. We believe that the times demand clean-cut busi- ness relationships, with all transactions | would on the basis of value received, and we wish to maintain our business on this basis.” Purthermore, the days of Broadway ylp-ylp are over for the out-of-town to New York to lay in nm year's nock of clothing, machin- ery, hardware or other merchnndue There is less oil and more sharp cils in all business transactions. lt big-town sophisticate who knew how to bmt !lble at & night club, and vho show the "around, nwmn-flnc&ultlonld piece. six Buyery’ Viewpoint. ly enough, the buyers seem 4 change is all to the good. Sol Scheye, who has been nr: buying for a big Grand Rapids house PLENTIFUL TURKEY 'SUPPLIES REPORTED ‘Wholesale Dealers Begin Prepara- tion of Orders for New Year Trade. Failure of some of the local whole- sale poultry dealers to clean supplies of dressed turkeys received for the Christmas trade resulted in plentiful supplies being on hand this morming. Lower prices ruled. Fallure of the dealers to get rid of their supplies, it is stated, resuited from heavy receipts of the birds from the West, in addition to the heavy receipts from nearby States. It was estimated that 1pvroxsmnuly 23 carloads of shipped-in turkeys ar- rived here for the Christmas trade— about five carloads wo many. In some instanees, , dealers experienced losses. Dealers getting in touch with _shipj ""fim the supplies for the New , when the demand never is as rrell. as for the Christmas trade, Geese, ducks and chickens will be in greater demand for the approach- ln‘s holiday, according to dealers, and ces are expected to continue cheap. [ Baltimore Markets I Special Dispateh to The Star. BAL’ tol . ; turnips, bushel 75a1.00; npplu‘ bushel 60a2.00; cnnbernm box, 583.75; grapefruit, 2.50; oranges, box, tangerines, box, 1.00a1.75. Dairy Market. Poultry, alive—Turkeys, 35a40; old, plir 20. nearby ipts, 826 cases; ; hemnery, whites, firsts, 3¢ sou:gem firsts, 30; current re- 321 tter—Good fancy creamery, pound, 33a34: quec. 29a30; rolls, 28a 30; process, 29; s , 13a18. llw Stock Meh ?h 400 head; light sup- ply market steers, choice to prime, none; good to choice, 8.50a9.50; medium to 7.5088.50; fair to m dium, 650l7 50; plain to fair, 5.50a8.50; common to piain, 4.5028.25. Bulls, choice to _prime, none; good to cholce, 550- 6.00; medium to good, 5.25a5.50; fair to medhun 475!.5 25; plain to htr 4.25a . Cows, w prime, nnne good to clu medium to good, 4.50a5. fli.\‘ w medium 4.00a4.50; plain to !l 3.00a4.00; common .ul'; 2.2583. Heifers, choice to prlme none; good to choice, 8.00ad.50; medium to good, 6.2586.79; fair to m!dlum, 5.5026.00; plain to fair, 5.0085.50; common to plain, QM.N. cows and Springers, 20.00280.00. Sheep and lambs—Receipts, 100 head; light supply, market steady; sheep, ISOM .00; lambs, 4.50a9.: 35. Receipts, 1,500 on.ls: 710; 'light pigs, 8.75a9.00; pigs, 9.00a9.35. Calves—Receipts, 25 l’:‘d light sup- ply, market steady; calves, 5.00a12. 00 Hay and Grain. eat—No. 2 red Winter, export, ”‘ No. 2 red Winter, garlicky, spot, %. December, 78%. Corn—No. 2 domestic, yellow, old, 81a82; cob corn, new, 4.35. Rtheuhy. 55a60. its—! te, No. 2, new, 43a44; No. 3, 42l03 3 hat seriously curtailed nearby c: ., chang- ing the mut;: situation. m jons dhu are now asking for offers timothy u:“hqwmmtmnoow:ann whut straw, No. 1, per ton, 9.00a mun oat straw, No. 1, ?etmn 00a WHOLESALE PRICES DROP. Press. ¢ seats at a theater or the|be for the last 30 years, outlined the buy- ers’ point of view. “This is the first year that they haven't loads e down with cigars, and eater tickets,” he sald. “Bvery year, as long as I can remem- ber, a_buyer making his annual trip to New York had to fight off entertain- ment. It was hard to get any sleep and it was hard to do business on a business basis. “When I started on this trip I was worrled about meeting the boys again, as I knew that I would have to do some pretty sharp buying. I didn't see how I would be able to accept hospitality the houses we deal with and then into & game of dog dog with the next day. “I needn't have worried. Nobody has even flashed a 5-cent cigar on me since I came to town. The other day I ran into a chap who used to be a whole en- tertainment comumittee for & big whole- sale house here. I tried m duck him, as I figured it would mean a big run around and some nt after- he had seen me first. He gave me the usual glad hand, but that was all. took me down to his office and we had an hour of hard grappling, with no holds barred. I ordered a large bill of .bll prices I woulgn h:‘v:‘ belleng le & year years Ml ve tmb?m‘hl: week of in- e food, bum shows fl"q.::.w do the same amount of busi- ness. Has Done More Business, “On this trip I have done more busi- ness, got better deals and had a better my_ own entertainment, fore. If this business slump kills the old, Spanish custom of greasi) buyers with fancy entertainment it will all to the good. mtreewbame over some fmmoml per cent in price is great e: nrm gave me to Europe. buyers— it would have Hke that i this (Copyright. 1930.) COLLECTIONS FOUND GOOD, SAYS SURVEY Department of Commerce- Reports - bu ward if I didn't deal with his firm, but CHRISTMAS RETAIL' TRADE FAVORABLE Preliminary Reports Show' Merchants Were Rewarded for Sales Efforts. BY J. C. ROYLE. . As usual the Christmas holiday acted as a check to industrial activity, and tQ nearly all lines of endeavor out- side transportation and retail trade. ‘The results of the efforts of retail merchants, however, were much more satisfactory than had been hoped for, according to preliminary reports. The merchants were not content to rest on their laurels, but started post-Christmas sales this morning with shelves and counters redressed and new lines of com- madities emphasized. The demand for exchanges seems likely to be smaller. than in normal years. ‘White Sales Reorders. wholesale merchants their attention to sales goods, the January white sales offerings. The main lines of such goods have been bought for some time, t were ordered in small quan- titles, and if the retail pace can be maintained, reorders are sure to come. Although industrial plants are not likely to get back on regular schedules’ until about January 5, the outlook ha$ become undeniably brlumer according’ to manufacturing executives. Some sec-" tions of the South and West, even those close to where small” one in the Middle West, says that this’ gloomy attitude is totally unwarranted by conditions throughout the country® as a whole. ‘Taking of tnvfnfia'l. 8 eontinuingi” but this m be shorter than any time In a little over Automobile Show of ca;u by the =- som;;iiealm - expensive type ive f“ dealer on their floors. e manufacturers prk;wned‘ field reports hege LEPTH Installment Buyers Are Meet- ing Obligations. By the Asscciated Press. Despite a tremendous volume of busi- ness done on eredit, the American peo- ple are paying their bills, the Depart- ment of Commerce says. According to a survey recently com- ted depertment, the annual m\m'o’t retail credit business appears to N in excess of nommm and lmk but smmwn ‘unny o(pm un_?_;n bnr u holds that American pur- n chases on the installment to betveen four md nve b ‘while year, !mount to tbollt $l5 000 000,000 more. The average, loss from_bad debts on open credit sales amounts to 0.6 e cent, the survey shows. Electrical fl)l!l;nce stores had the highest ci 1.5 per cent. Radio sets and ply 'stores were second, with open credit amoun! dollars kept the tightest grip on their business, ing with a loss of but 0.4 per cent. The average loss from bad debts installment = sales General clothing cent, while coal, lumber and building material dealers brought up the rear with 0.2 per cent. NEW YORK COTTON NEW YORK, December 26 (Special) — In point of activity the opening of to- 0; | day’s cotton market showed no change from the dullness prevailing on Wed- nesday. Prices were' 2 to 5 points higher, chiefly on trade purchases in near months. Opening “prices were: January, old, 9.67, up 4; January, new, 9.75, up 3; March, 10.03, up 5; May, 1033, up 5; Julya. 10.54, up 2, and October, 10.75, up loss of 1.4 per cent. Department stores | Jul L that fewer than three cars of bu; and the ning full blast. ‘While huge sums available i 1% H : g - 5 g g g i 5 B ¥ ] § H y visitors. (Colvruhl. 1930.) GRAIN MARKET CHICAGO, December 26 (Special) The wheat market opened quiet md fraction lower ond‘y under seiling i nuenced by the decline in Buenos Al{h Ohlo Vi December, “. T7%; March, Mllm” Mly, oslg, ll% to 82; new, 66%4. AM ber, old, ; March, ol new, 81% Mly. old. 81%; new July, 6534, nnle grain: December, old, 31% to !l%, Mly. olc 33%. After the first half hour: Decem ber, old, 31%; May, old, 33%. Provisions were easier. SEARS, ROEBUCK DIVIDEND. CHICAGO, December 26 (#).—Direc- tors of Sears, Roebuck & Co. today de- clared the usual 62%-cent quarterly’ dividend, payable P!bmm 1 to stock- holders of “record Jan 9. The’ quanzrly stock dividend at ! per cent- had previously been declared. Once Again... The City Cab Corp. takes the lead . . . making an announcement that will FURTHER REDUCE YOUR COST OF TRANSPORTATION . . . a STILL LOWER RATE THAT WILL MAKE IT IRRESISTIBLE TO ‘TAXI’ AROUND THE SHOP- PING CENTER . .. THINK OF THIS City Cabs Create Ride ANYWHERE WITHIN THIS NEW _ ‘ZONE’ ... from Pa. Ave. to K St. N. W. ... from 7th St. to 15th St. .« HAIL A ‘CITY’ or ‘STOP-ME’ CAB and your ride within this DOWN- TOWN RADIUS WILL BE 10c... the lowest taxi rate in the U. 8.