Evening Star Newspaper, December 27, 1930, Page 18

FINANCIAL., URBSHARES G N SELLNG DRV - Tax Loss Operations Are Factor in Depressing Week End Market. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, December 27.—Under the pressure of income tax selling, the Curb Exchange moved lower today. The weakness of wheat and the lack of im- portant constructive develcpments over- night failed to bring about either short covering or investment buying. Power 2nd light issues were mod- erately active and fairly firm, but Pe- troleum shares were dull and weak. Electric Bond & Share opened off 5 at 397, and moved back and forth within a narrow range. Cities Service opened down 3% at 15 and then rallied, only t> slip agein. Investment trusts, trading corpora- tions and holding companies were weak from the outset. Goldman Sachs on its s2cond sale entered new low territory. Shortly thereafter United Founders and its subsidiary, American Founders, dip- ped to new lows. Motors were neglected in the first hour. Durant made a new low at 1. Ford Motor of Canada A and Ford of Prance started slightly lower, but Cord Manufacturing and Ford Motor Ltd. opened unchanged. Appalachain Gas was the first of the natural gas issues to establish a new low. Arkansas Gas A and common were a shade lower and Memphis Gas, after its recent break, was a trifle higher, but other issues were soft on a very small volume of trading. ‘Technicolor was the wfitlndtflg weak spot in the amusements as it sol off about a half point to a new low. Indiana Pipe Line was the softest in- dividual issue during this period in the pipe line group. Two large blocks came out in the first few minutes of trading. National Union Radio Corporation in a lot of 35,300 shares appeared at 1!, a new low for the year. Earlier in 1930 this stock sold at 10} Public Utility Hold- ing Corporation of America in a deal of 10,400 shares was ticked out at 5%, unchanged. BONDS ON THE CURB cas .g;as: & $8223°2288 tl 25gzergSeiifaneesge v 9! seeSensEeass % 4 4 80 '58 ‘58 i 4 RERTED -5 ¥ 3 s et L T 2 LR i S dia P & L 58 ineau Fow 8s ‘50 Ina Alc 44 & Fiorida 65 A ‘46 orgia Power 55 6/ jette 8 R 55 '40.. one! %5 =8 g 226 I 00dyr A &R rand Trunk 6 uif Oil Pa 5 Sulf Ol Pa S8 00d R uboer 5 oust Guit G varade ¥d 6s il 25,736 10530 377, 10144 47 10130 i rrwsSunnae S st ElannSualSebuwn X CO00CH ai 17 Kopper G&C 5128 '50 4 Lehign Coa) 4'as ‘39 1] Lenizh B S 65 4026. 1007 1 Long Irlana Lt 6s ‘45 1022 SLak &L svial L 9T 5128 M (3 20 Minn G & Lt 5 Miss Pow & 10 Narrazansett 1Nathan Strauss 6s '38 53V Nat P & L 65 A 2026 101 §Nat P & L 58 B 2080 8 P 8 85 'l . 8 s3zEragegans e SESSITSIAST 33ga83228s o1 * 101 53 10000 dobia N E 1110 R I ) G 24 a0 30 0! $ Foor 3 Portiand proct A 10014 10014 101% 10112 60 60y e 5 '49. 100 A ’52 10113 53, 60'a 5 nescaton B nEamUBDE R H T I 29! uf ou ta Southern tho 23 E City Gas 55 48 oxas Elec 55 60 wi’ exas Gas Ut 85 ‘45 L 55 '56. oEE- S awBu e e St e = K > £ g1 Mts Bank NEW YORK CURB-MARKET Note—All stocks are sold in one hundred-share lots ter 8 (808) (2508) in odd lots only. exce) those the letf A oy —Prev 1030~ High.” Low. 24 15% 4% 356 T 90% 49 28% 2 & 1608 150 2 1 Am Invest Ine (B).. Am Invest (War).... Am Lt & Trae (3%) Am Maricabo. Am Natural Gas. Am Superpowr (40c). Am Superpwr 185t(6) Am Transfor (1.40). Am Ul&G (B) (35¢). Appalachian Gas Arcturus Rad Tube. Arkansas Nat Ga; Ark Nat Gas (A) Asso El Ind Lud A0 G&I A (aT2.40) A350 GEE (A) dbrts Kayon pt (6 Atias Utilities war., . Auto Votiug Mach... Auto Vot M cv pf pt. 4 Aviation Securitie: Bliss Co (W) (nl).. Blue Ridge Cp(p2uc) Bl Ridge cv pf(as) Blumenthal (8) 4 Bourjois, Inc (25¢).. Bownan Bil H 2d pf. Brazil Tr&lt(v8%). Brit-Am Uil C (30¢). Buckeye I’ L (4) Buff N&EP pf (1.60). Bulovacv pf(3).. Butler Bros (3vc)... Canuda Marconi. Carnation Co (J1 Cartb Syndicate. ... Cent Fub Sve A al7l Cent St El (k4U¢). ... 114 A% Sv P &L pt (6) Colon Uil .ovvvaes Col Uil & Gas vic. Col Pict vtc (f1%) Com & Sou war. . Comstock Tunnel. Consol Auto Merch. . Cons Gas Ut A 2.20. 4 Cons Gas Utl B vic. Consol Laundries(1) Cunsol Ketall Stores. Cout Shares pt B (8). Couper Sessemer (2) Coru Corp. ... Cor & Key pr A (8) - KR Samoc e em Cuneo Preas (23)... Curtiss Wright war. Daylon Air & kng. .. Deere & Co (§1.20) .. De kurest Kadlo. DeH Afr Lid ret 60c. Detroit Aireraft. ..., Diamond Match new. Doehler Die Casting. Dress 5 R (A) (3%). Lriver Harris new. . Dubilier Cond & Rad Durant Motors. ..... East Util Inv (A)... Eisler Lieciric Corp. lulec Bond & 3h (b6). ki Bono & 3b pf (6), Elec Pow Asso (1) Elec Pow Asso A (1) El Sharehoid pt (a6) - o, Rrearok SR R Emp P Ser A (#1.80) Engineers Gold Europ Elec deb rts. Evans Wallow Lead. Fabrics Finishing. .. Fairchild Aviation. . Fa, G e B et DO BN B OO B i T e Ferro Enam A T4%.. Fire Assn Phila 1.60. Florida P&L pt 7)., Ford Mot,CanAt2. Furd Mot Fiaace Ford Mot Litd 37 %c¢. Fox Theater Cl (A).. Galena 01l Corp. ... Garlock Pkg (1.20).. General Aviation General Baxing Gen Baking pf (3)... Gen Empire Cor 11). Gen G&ki ev pt B (6) 1508 GenThevptw.l(3). ¥ Gerrard (SA) (13%). 908 Glen Alden Coal 3). 1508 Globe Undwritrs 3ue. Gold Seal Klec new. . Goldman Sach TC .. 15! Gorham Ine (A). Goth Knitback M Graymur Corp (1) GriAt&Pacnv 1 Groc Strs Prod v Guardian In Gulf Ol of Horn (Al Hudson Bay M & § Humble Oil (12%) hydro Elge Sec (2).. Hygrade Food Prod. 1mp 01l ot Can (bve) Ind Pipe L new(13).. ind Ter Lllu Ol (A). ind Fin ctfs (b10%). Irdus Fiucv pf (1).. 258 inaCo N Am (13)... Insurance Sec (70c). intercontinent Pet n int Petroleum (1) Laternat Products. . . Int Superpwr (£1.10) Internat Uttl (B). .. InterstateEquities. . Interstate Ecn pf(3) irving Alr Chute «1) Irving Air Chu war Italian Superp (A).. n Superp war. . C aee ann 855 Lefcourt Keal ptf (3) Leh C & N n (1.40) LeonardOii. . Lerner Stores (). Libby McNel & L. Lily Tulip Cup ¢ 1 Lion Ofl & Refining. . Loew's Inc war). ... Lung I81d Lt (8bc) . . Louisiana Lan & Kx. MacMarr Stores (1). Mangei Stores Mangel St pf « les— 00. Open. High. Low. % aw 5 30% ~Prev 1930.~ Hieh. Low. 1 7 2% Marconi % % 14% 931 4% Memph: Close. % 5 5 150 1% 147 1% L33 334 5 11% kS 5 147 % 1% Mo Kan Mo Kan 4% 14% 4 9% 4 Murphy Nat Bon Nat Fue Nat Leas New En, New Ha N Y Pet Noma E Pandem ntepe Pratt & Prudent RR& T Revnald Rock Lt Rooseve Salt Cre Schulte Schnlte Schulte Seahoar: Seeman Selected Selected lected 2% 39% Sheaffer 4 Shenand; Snl Vise Sou Pen Stand Of Stand Pu Starrett Starret* Stein (A Stein Co: Sun Inv Switt In Taggart Tampa Texon O Tohaceo Todd Sh Tran Co Tung-Sol Ungerle! Union O Utd Che: Stock and Dividend Rate Marion Steam Shov.. % Mavis Bottling. . Mid St Pet vte B. Mid West Ut (b8% Mid W Utev of xw Mid St Prod n (2) Mid Roy cv pf (2). Newberry (JJ) 1.10., New Jersey Zinc($3) &Hond Ros 11% . Niag-Hud Fow (40c) Niag-Hud Pow A w. Niagara Sh_Md(40¢c) Niles-Bem-Pd (13).. Niplssing (30c).. Prince & Prince & Whitely pf. Prod Royalty (f1).. RaxetCo........ Stand Oi] Ohio (2%) 250, Syracuse W Mch(B). Received by Private Wire Direct to The Star Office Bales— Add 00. | Mar (38¢). % % s N G (170¢) IR NN 16% 164 9614 14% 15% PL(b10% 5% P L vte, Mount Prod (1.6 Co (1.80) Nat American Co. Nat Aviation. . d & Sh(75¢). 1 Gas (1) ther. Nat Pub Sv A (1.60). 1% 24 g T&T (8).. 129 ven Clock(1) % T 461 1% 39 10 9 9 1% 57% 20 1% 5 13% 3 2% Rovalty.... 1Corp (80c). Ohto Copper. .. Outboard Mot (A)... Outboard Mot (B). % Pac Light pt (). Pac Western Oil. Ofl.cocese e ONl. .. Pender D Gr A (3% Pennroad Cp (20¢) Peon L& P Aa240.. Perryman Eleetric. Pitts & L E (+10) Lamb (45).. Whitely.... ial Invest. .. Pub Ut Hold (50¢). ., Pub Ut Hold xw 50c.. % R R Sh Corp (25¢c).. 1 til Inv (A) Rainbow Lum Pr A Rainbow Lum Pr B Reliance Int (A). 4 Reliance Manag. Reybarn C « Invest. Richfield Oil, Cal pt. Roan Antelone Min. . & P (90c). 1t Field Tne Russek's Fifth Ave ¢ Safeway S w(2d)(C) St Recis Paner (1). . ek Con (40¢) Real Estat Un 5e-31 St 5c-31 St pf. . 4 U1 (50¢). Brothers(3). See Lock & H (50¢) Tndustries Indus cfs. Indus pr pf. try Safety Cont ttuck Den Min. Shawingan W (2%), Pen (+3) nah Corp. Shenan Corp pf (a3). % Silica Gel otfs. .. 4 Smith (A 0) (2), osa rets. ..., n Ol (+235). Southern Corp...... SouthldRoyalty (60¢) 8 W Gas TTH1iti; Standard Motor. Stand Of1 Ind (234). . 3% % 33% 20% 43% 3 > 68 il of KY (12) 15 . iblic Srv A 5 Corp.. . 4 Corppf 3). 4 ) Conf €% .. 50s smeties 1 Stern Bros (B) ctfs. 2508 3 ternati (+4). 2 1 orp (1. ctrio (33). Technicolor Inc Teck Hughes (6 i1&Land (15 Thatcher Sec Corp. . Pr Exvorts. ipyard (4)... n Air Tran. . Triplex Safety Glass Tubize Chatel (B)... 1 Lamp pf 8. tder F Corp. . 4 T'n N Gof Can *1 60, il Asso (§2). 0 pf (3). Utd Corp (war) Gtd Drv Utd E1 S titd Fou Utd Gas Utd Gas Utd Gas Docks. v prw nd b Corpn (war). ot (7). Utd Lt & Pow A (1 U S Elec U S Foil U 8 Gyp! US& In US&In u Utd Ver: Vacuum Walker RIGH' 10% Com Ed 13% Pub Srv Dividend, ratey 1 Pius 5% in lus D st Plus 8% in stock 30% 30% n Util Pow & Lt (a1) Ut & Ind pf (1%) Utility Equit! Van Camp Packing Venezuela Petrol Vie Finan Cor (40c). Walgreen Co. in dol dividend n stock Utd Lt & Pow pf (6). Utd Shoe Mach t43%. Pow ww. . Co B (50¢) sum (12.10). t Secur. . t Sec 18t (5). S Lines pf (1).... U S & Overseas war. Utd Stores. ........ . 2 de Ext (2). ™% 8% 5 (H4%)...... 52% 2 v 4% 7% 6 1 «H) (1) “Y" Ofl & G Yukon Gold Zonite Products 1), T8, Expire. ison. .Feb 2 N 111..Feb. 2 iiars based on last TPart 1% 1% 16 16 16% 15% aQuarterly or semi-annua; Plus 4% in stock. © Adjustment divi- B Plus 1% in stock m Plus 3% In stock kPlus 10% (n atock Commodity Price ‘I Trends of Week | | | BY H. N. McGILL, Editor, McGill Commodity Service. i AUBURNDALE, Mass., December 27| | (#).—Followinrg a severe price decline | during the middie of December, Christ- | mas week brought not only more stabil- | ization but a moderate tendency up- | ward. It is guit> unusual in consider- ing the leading comm:dity groups to & . 108%s e M00a00: g 85 xw 8314 %% 1 v B B % 3% v r SCogh Mun o 47 8% s 47 18 L 253 o 33 & S ) degudetgssds 233238,,,288828 2I3232..,.,2088383832382232383 SiWhen 1ssued. © find more advances than declines, but this is what happened during the week | just closed. Ou. of 15 individuai groups, 6 were h.gher, 4 lower and un- changed. ‘ihe groups which showed an upward tendency were the average for all commodities, industrial products, agricultural products, non-ferrous n“.wnh, coarse textiles and vegstable of Business Gain Needed. . It is quite apparent that commodity prices cannot, without the aid of busi- ness improvement, register a sustained upward movement. year closes on the worst depression in modern records. ized by a radicdlly reduced rate of oper- ation, which is now in close balance | with ' actual consumption. ~The real | ing stocks of raw materials, which are heavy—in fact, are substantially above s year ago. This was caused by me’ tendency of demand to decrease at a in output. Out of 20 basic commodi- | ties 14 show larger inventories at the| end of the year, while 6 were lower. | All Commodities. During the calendar year commodities declined 20 1930 all | per cent. | | Every group out of 15 computed shows | 'a decline. The average for all com-| modities is now less than 20 per cent over pre-war. Industrial prices during the same 12 months also declined 20 per cent, and while the index figure for the past week was slightly higher, thete is no assurance that the extreme bottom has been reached. Agricultural Products. A 20 per cent decline at the end of A%l the year below the first of 1930 was shown by agricultural products. Grains in particular have suffered materially due to world overproduction, yet dairy products and livestock have recorded acute weakness. Nonferrous Metals. More price weakness than any other group was shown by nonferrous metals, which recorded a 35.per cent decline for the year. This is largely due to the collapse of copper, although tin and silver reached the lowest point on mod- Fine Textiles. Next in line were fine textiles, show- ing a decrease of 33 per cent. One reason for the sharp decreases in non- | problem for the near term is in reduc- | ern records. | more rapid rate than the retrenchment | ferrous metals and textiles is found in the status of inventories, copper being 190 per cent above a year ago and the worid visible supply of cotton 27 per cent up. The percentage price decrease in other groups for the calendar year wes as follows: Textiles, coarse, 31 per cent; vegetab'e oils, 28 per cent; paint mate- ‘als, 23 per cent; hides and leather, 26 per cent; fuels, 32 per cent; livestock, 15 per cent; building materials, 13 per cent; ferrous metals, 12 per cent, and chemica's, 4 per cent, Important Price Changes. This Previous Pirst Dec. 36, Dec. 19, Jan-3; Al commodities 03 [ndustrial . Non-ferious Textiles. coa: Vegetable oil ‘metal rse. St. Paul's Cathedral Safe. St. Paul's Cathedral, in London, res- toration of which was completed last Spring, is safe for posterity, according to Sir Mervyn Macartney, who was knighted last June for his work in connection with the structure. He will resign next March after 24 years' service. ! was a loss of about 5!, per cent. The 8 |ating decrease of about 19 per cent. SATURDAY, DECEMBER 27, 1999. | INCONE SHRINKAGE| TRA Trend of November Earnings Indicates General Decline of 25 Per Cent. BY CHARLES F. SPEARE. Speclal Dispatch to The Star. NEW YORK, December 27.—The trend of November railroad earnings, thus far reported, is in line with an- cipations d on the car loading figures, which had shown substantial decreases during the month compared with a year ago, although relatively good results when measured by seasonal changes: Preliminary estimates of the Novem- ber shrinkage in net operating income range between 25 per cent and 28 per cent. This compares with a trifle over 23 per cent in Ostober, when the net earnings of all the roads were about $47,000,000 Jess than in the same period of 1929. Estimaté of Losses. Some of the carriers last month had a smaller percentage of net losses than the average for the previous 10 months. With others, the decrease for November was greater than it had been for the average from January 1 to October 31. This reflects fluctuations in traffic that are of a seasonal type and is not in- dicative of general tendencies. When the final figures for the 12 months to December 31 are available it will probably be found that Ameri- can railroads have suffered this year & loss in excess of 25 per cent in their net operating income, or between $450,- 000,000 and $500,000,000. Evidence of their financial strength is given in the absence of dividend reductions in the face of the most serious decline in earnings available for interest and divi- dends in many years. . From the dozen or more November re- ports that have so far been puhlished, and which include several of the largest systems east and west of the Mississippi River, those of the Penn- sylvania, New Haven, Norfolk & West- ern, Union Pacific, Southern Pacific, Boston & Maine, Baltimore & Ohio, Frisco and Kansas City Southern have been selected to fllustrate the nature of the changes in earnings that have recently taken place. Pennsylvania’s Income. Last month the net operating income of the Pennsylvania system showed a loss of 30 per cent. with a decrease of 32 per cent for the 11 months, with considerable indica- tion in the November results that from ncw on a more favorable comparison with 1929 figures and thore for the early part of 1930 will be possible. In contrast is the decrease of 32 per cent reported by New Haven in November in comparison with a figure of 25 per cent net operating income reduction for 11 months. Norfolk & Western, in which Pennsylvania has a majority stock interest, lost 40 per cent in op- erating income in November, against 23 per-cent for 11 months. During the first part of this year this road was able to show very satisfactory fig- ures, with its volume of traffic hold'ng up near normal, while that of other roads was sharply declining. Both the Union Pacific and Southern Pacific did relatively better in Novem- ber than for the 11 months. The for- mer, with a decrease of 20 per cent last month in net operating income, com- pared with a 24 per c=nt loss for the year to date, while Southern Pacific, with a 22 per cent net decline for the month, compared with a loss of 30 per cent in the same item for 11 months, The most striking contrast in this par- ticular was given in the November earnings of the Boston & Maine, which were 34 per cent greater than a year ago, whereas for the 11 months there Baltimore & Ohio has already- included its December earnings in the figures for the entire year, which show a net oper- Larger Decrease in Southwest. In the Southwest there seems to have been larger net decreases in November than the average for the year. Kansas City Southern showed a decrease of 37 per cent for th: month, as against 20 per cent for the 11 months, and Prisco a loss of 26 per cent in November, com- pared with one of 21 per cent for the January-November term. Texas Pacific also displayed the same tendency, los- ing 32 per cent in net operating income last month, against 21 per cent for the 11 months. The Chicago & Eastern Illinois reported a net operating deficit last month of $150.379, whereas in the same month of 1929 it had a net oper- ating income of about $55,000. (Copyright, 1930.) Baltimore Markets Special Dispatch to The Stars BALTIMORE, Md., December 27.— Potatoes, white, 100 pounds, 1.25a1.75; sweet potatoes, barrel, 2.25a3.75; yams, barrel, 2.25a2.75; beans, bushel, 4.00a 5.50; ‘beets, crate, 2.75a3.00; cabbage, bushel, 2.0024.00; carrots, 100, 2.00a 4.00; caulifiower, trate, 1.25a2.00; cel- ery, crate, 1.50a2.50; eggplant, crate, 1.50a2.50; kale, bushel, 75; lettuce, hamper, 1.25a1.75; peppers, crate, 1.50a 2.75; parsnips, bushel, 1.20a1.30; spin- ach, bushel, 75a85; tomatoes, crate, 1.00a3.00; turnips, bushel, 40a50; cran- berries, box, 2.50a3.50; grapefruit, box, 1.50a3.00; oranges, box, 2.00a3.75; tan- gerines, box, 1.00a1.75. Dairy Market. Poultry, alive—Turkeys, pound, 33a 35; old, 20a28; chickens, Springers, 23a26; Leghorns, 20a28; bareback, 12a 13; old hens, 20a24; Leghorns, 14al8; roosters, 12al15; ducks, 14a23; geese, 18a25: guinea fowl, each, 30a60; pigeons, pair, 20. Eggs—Receipts, 1,213 cases; nearby firsts, 32; hennery, white, firsts, 35; Southern firsts, 30: current receipts, 30. Butter—Good to fancy creamery, pound, 30a33; ladles, 23a25; rolls, l;uzo: process, 28a29; store packed, 13a15. NEW YORK COTTON NEW YORK, December 27 (Special) —Affer reaching low prices of the week in the first hour the cotion market steadied today and recovered the great- er portion of the early loss, ending practically unchanged from Friday. Week end covering tollowing a loss of over $1 a bale absorbed contracts and buying of July by the house op- erating for co-operative associations steadied the market before the close. Spots were unchangsd at 9.80. Cotton range: Open. High, Ianuary, old 9 ¥, new 85 89 ] July 1 October . 0 BALTIMORE STOCKS. Special Dizpetch to The Star BALTIMORE, December 27.— Sales 15 Arundel STOCK! Corporation. 380 Black ec! as Co.. ay & Blectric & Guaranty BONDS. Rwy & Elec st 4 16U S Fidelity IRAILROADS REPORT |MODERATE RETAL E GAIN NOTED Weekly Business Reviews Re-| port Seasonal Trends in Various Lines. ‘Special Dispatch to The Star. NEW YORK, December 27.—Busi- ness was without any particularly note- worthy features in the last week, except for the reduction of the rediscount rate by the New York Federal Reserve which was regarded as a confidence- instilling step, according to the weekly reviews by the mercantile agencies. A survey of retall trade, the only line of business stimulated by the holiday demand, indicated that some lines, chiefly groceries and staples, probably equaled last year's figures as to volume, but were from 10 to 30 per cent off as_to value. Dun's Review says, in 2 “Allowing for seasonal influences, the last full week of 1930 has brought no change of outstanding importance in commercial trends, yet none was anticipated. It is possible, however, without minimizing the obstacles and | unsatisfactory aspects which continue, to draw encouragement from some of the existing portents. Even with a i further drop in steel output indicated for over the year end, the industry re- flects, in the more liberal provision for forward needs, a hopeful sign. Copper Buying Gains. “The increased buying of copper, with better prices, also is a favorable augury, while the reported smail in- ventories ‘n most textile lines are con- sidered reassuring. Such pl are supplemented by similar characteris- tics in some other channels, and these factors, although by no means off- This compared | setting those of an opposing tenor, strengthen the outlook. The time ele- ment, of course, still enters largely into calculations, for the ramifications of the business depression have been far-reaching. - “Any appraisal of current conditions in ‘the steel industry should make allow- ance for the influence of seasonal forces. With holidays and inventorying, the rate of output not unnaturally has declined further, and a continuing reduction over the year end would not be surprising. The trade, in fact, is anticipating that trend, but the expectation is that it will be followed by a rise early in 1931. That prospect is supported by the re- cent increase in specifications for Janu- ary shipment, with larger inquiry and demand coming from different sources. “Actual or contemplated purchases of supplies for railroads bulk large, al- though not up to the volume of some other years, and some revival from the sharp restriction of automobile manu- facture seems assured. Meanwhile the price situation has developed greater steadiniess, with the composite quotation for both pig iron and steel, compiled by the Iron Age, unchanged this week.” Fair Retail Volume, Bradstre:t's says, in part: “With popular interest converging al- most entirely on retail trade, that branch of distribution, despite some in- terruptions due to the weather, snow or rain principally, was of fair volume; that is, equal to a year ago in units perhaps, but from 10 to 30 per cent below last year in price value at various markets. Wholesale trade where present consisted largely of quick-delivery fill-in orders, these mainly in wearing apparel; mainly underwear, such as hosiery and gloves. radios and jewelry. It is doubtful, how- ever, aside from staples such as groceries and fancy food products, whether trade equaled that of a year ago. “Among the leading industries iron and steel noted a slight shading off, to 30 or 35 per cent, with some lines in- clining to make th> quiting down even more complete. Rail, sheet and tin plate mills showed most activity, with re- newed activity expected after January 1 in pipe making. “In lumber features were buying of ties and car material for future work by railroads. Exceptional quiet is looked for in actual production of lumber dur. ing the next week or more. In tI copper industry there was a slight stif- fening in prices by refiners, while mine | producers held prices unchanged. Other Lines. “Machine tools and allied lines were quiet. In the lighter industries quiet ruled, with shoe, hosiery, furfiiture and other textil» lines noting seasonal quiet- | ing, but with a fair amount. of optimism | expressed as to the new year. “In agricultural lines the feature was the going into Winter quarte; newly seeded wheat crop, with a rather higher than usual condition on an acreage almost identical with a year ago, despite predictions of & good sized decrease.” Lt gl CHICAGO, December 27 (Special).— ‘The wheat market was irregular today. Old crcp months were supported by farm board agencies, but pressure on July forced that delivery down to the lowest level since 1896. December, old, opened 76 to 76%; new, 76 to ’IG"/,. March, old, 79'; to 79 new, 79%. May, old, 81 to 8115; new, 81% to 815, July, 627 to 63. After the first half hour, December old, 76 to 763 ; ne 76 to 767 March, old, 79 to 7915: new, 80. ay, old, 81 to 81'3; new, 81 to 81%5. uly, 62 to 62 Corn followed the trend of wheat. December, old, opened 613% to 617. March, old, 65'5 to 65; new, 651 to 6553. May, old, 67% to 67; new, 6755 to 67 After the first half hour, December, old, 61° to 6135. March, old, to 65 new, 65 to 65%. May, old, new, 67 to 67, Oats were affected by the action of other grains. December, old, opened 30 to 30%. March, old, 31 to 31Y. May, old, 32 to 32%: new, 32 to 32V After the first half hour, C old, 30. March, old, 30 to 303%. Ma old, 31 to 313%; new, 31 to 31 Provisions were lower. . Try-on Shoes Transparent. Special shoes, partly made of a trans- parent material, have been introduced by a shoe store in Paris to aid men and children in trying on footwear. These transparent shoes are carried for each model in the store and they are said to aid appreciably in determining where the foot is pinched and consequently in choosing a perfect shoe. Week ago. Month ago Year ago.. Two years ago. Three vears ago, weekly aver. Migh, 1930. 5 Low, 1930. High, 1929 Low, 1929, 20 . ‘Three years ago, weekly aver. . 2000 United 10000 United Ry & Elec incom: The chestnut blignt. which first manifested itself here in 1909, is thought to have been Wiought to this country High, 193 Low, 193 High, 1929, Low, 1929... ol of the | STOCK AND BOND By the Associated Press. SATURDAY, DECEMBER 27. ALEXANDRIA SEES GROWING ACTIVITY DURING NEW YEAR (Continued From First Page.) products plant of the Washington Gas Light Co. Building development here, which has been more or less uncontroled in the past, will be directed along lines in conformity with plans for the whole of the Washington area with the comple- tion of the soning and planning survey now under way here under the direction of Irving C. Root, planning engineer of the Maryland-National Capital Park and Planning Commission. A large number of major projects, Bank, | permits for which were issued in 1929, streets at a cost of $250,000, and the glunt of the Shell Eastern Petroleum lucts Co., which cost $150,000. er bullding included ap- proximately $200,000 for the $5,000,000 George Washington National Masonic Memorial Temple which brought the temple to its full height; remodeling of the ‘Theater on King street at a cost of about $25,000; rebuilding of 1l platforms at the freight receiving and transfar shed of the Southern Rail- way at Lee and Princess streets; con- struction of a modern frame storage shed by the American Agricultural Chemical Co. at a cost of $25,000. Boulevard Work Pushed. City construction, including new streets, curb snd gutter, sidewalks and sewers, led roximately $90,000, Cfl{u Manager Wallace Lawrence esti- mates. Also practically completed during the year was the $435,000 grading and drainage contract in connection with the. Mount Vernon Boulevard, con- tracted for by Vincent Schaivi. About five ove: and bridges in and near the city were also started this year in connection with the boulevard, the cost to run to several hundred thousand dollars. Deeds recorded by Elliott F. Hoffman, clerk of the courts, showed a jump from 1,222 in 1929 to 1,765 in 1930. CHICAGO STOCK MARKET By the Associated Press. CHICAGO, December 27.—Following is the complete official list of transac- tions in stocks on the Chicago Stock Ex- change today: Sales in,_ hundreds. Belt . Burreil nvestors at Sve pi. 200 Construct Mat pf. 1150 Consumers pen Bar 250 Hormel & Co. 100 Hou e Sorp 400 Majestic House Ut. 400 Manhat_Dearbol 50 Marks Br I Fie McGraw Electri A 6 bt A 9612 id W Ut 14, idland Nat Gas “A' 00 No_& So Am . 300No West Bancorp 150 No West Eng . . 100 Parker Pen ... 1 300 Peop G Li & Coke ris 1000 Pines Winter 15% 100 Potter Co . 50 Process ~Cor} 275 Public Serv pf 750 Pub Bery rts 220 Quaker O: ime-O-St. 50 Transformer of Am 150 Union Carbide & Car 58% 50 Unit Am _ Util 51, 0 Will O 330 Zenith Radio Stock sales todav. 5 9% 99% 09% AREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) Rate—Maturit; T34 June 15, 1081 3128 Bewe, 15, 1033 s Bepe. 15, ; 31l8 Dec. 15, 1932.. AVERAGES 100 101 18-32 » | 000; ‘office and plant, 2 | Twenty-fourth street, $49,500. ARE MUCH BETTER Fewer New Unsold Homes on Market Now Than at End of 1929, (Continued Prom First Page.) an undisclosed principal through the agency of Riggs National Bank for a reported consideration of approximately $1,500,000. Morton Goldenberg and Leo Baum were the purchasers of the new Parky ‘Towers Apartments, located on Six- teenth street opposite Meridian Hill Park, the consideration, being approxi- mately $700,000. Title to the Schuyler Apartments, 1954 Columbia roac. passed during the year from Edward Beecher Dean, sr, to Barney Robins; La Raine Apartments, northeast corner! of Connecticut avenue and Legation street, was purchased from Goldsmith & Keller by the Beach Terrace Invest- ment Co. for a reported consideration of $600,000, and five apartment build- ings, the Windemere, Harrogate, the Guthridge, the Flagler and the Sedg- wick, were transferred by A. Joscph Howard to an undisclosed new owner. A tract of 1,311 acres of land lying along Lee Highway about a mile and a half beyond Falls Church, Va., was ac- quired by the Strathmeade Corpora- tion for the purposes of a new resi- dential development. Leasing Is Active. During the year also many large realty transactions were consummated as a part of the work of the District and Federal governments in’ acquiring sites for new Government building proj- ects. These included a number of Yarrge business properties and a large number of private dwellings. Leasing was active during the year, @s many new concerns took downtown and outlying properties for merchan- dise business here. Many firms also re- newed old leases for additional periods. Washington experienced two labor difficulties during the year, but ami- cable settlements were reached after strikes were called. Members of the Lathers’ Union struck for an increase in wages, tieing up lath. ing work for some time on the Depart- ment of Commerce Building and a halt dozen large private building operations. Work on the new Garfinckel Build- ing was stopped for a time, due to & contest between structural iron workers and carpenters over which union should ¢ perform certain phases of its construc- tion, an injunction being obtained from local courts to end this disagreement. Labor and employer leaders now are completing a new jurisdiction agree- ment designed to prevent a recurrence of such strikes. Several branches of building trades- men obtained increases in wages dur- ing the year, and virtually the entire construction industry here was placed on the five-day schedule with the adop- tion of this plan by a number of unions. e g PRIVATE BUILDING SPURRED BY U. 3. Schools, Churches, Stores, and Office Structures Run Into Millions. (Continued Prom First Page.) in the District for which plans were ap- roved during the year included ollowing: The New Shoreham Hotel, constructed by the Calvert Corporation at 2500 Calvert street, $1,500,000; Frank R. Jelleff Co.’s addition to its store at 1216 F street. $50,000; two-story college ‘| and dormitory of the Augustinian Col- leg> at 4000 Harewood road northeast, $250,000; five-story apartment building at 3900 Connecticut avenue, erected by M. & R. B. Warren, $550,000. Westchester Corporation, eight-story apartment building at 4000 Cathedral avenue, $1,000,000; American Security & Trust Co., ten-story office and bank building at 728 Fifteenth street, $1,500,~ five-story dormitory at ' George- town University, Thirty-seventh and O streets, $700,000; second unit of West- chester Corporation’s apartment group at 3900 Cathedral avenue, $1,000,000; office building of the National Education Association at 1201 Sixteenth street, $350,000; five-story apartment building of the Franklin Apartment House Co., 1511 Franklin street northeast, $200,000. Eight-story dormitory of the Brook- |ings Institute, 722 Jackson place, $350,- 000; eight-story apartment, Goldsmith & Keller, 1437 Rhode Island avenue, 372 | $300,000; ‘two-story garage, Washington f Railway & Electric Co., 2112 Georgia |avenue, $375,000; Western Presbyterian Church and Sunday School, 1908 H street, $140,000; five-story plant and gara Stone Straw Co., 910 Pranklin street northeast, $203,000. Colored Baptists Build. First Colored Baptist Church, 705 Sixth street southwest, $40,000; eight- story apartment building, D. L. Sterne 4550 Connecticut avenue, $700,000; St. Paul's English Lutheran Church, 4900 Thirty-sixth street, $625,000; Central Presbyterian Church, three-story Sun- day school, 1472 Irving street, $90,000! three-story plant, Ballouf Manufactur- ing Co., 621 H street, $38,00 story school, Holy Cross Collegt Harewood road northeast, ,000: eight-story warehouse, Mayer & Co., 419 Seventh street, $60,000; Japanese em- bassy, 2514 Massachusetis avenue, $300,- 000: St. Paul's M. E. Church South, 4700 Thirteenth street, $30,000; four- story addition to University Club, 900 Fifteenth street, $245,000; seven-story apartment, Lee Properties, Inc., 1417 N street, $300,000; eight-story apartment, Kennedy-Warren, Inc., 3133 Connecti- cut avenue, $3,250.000. Christ Lutheran Church, Sixteent™ and Gallatin streets, $70.000; two-stor A. F. Jorss, 17 — STINSON AIRCRAFT CO. . NOW ON FULL TIME' Special Dispatch to The Star. WAYNE, Mich., December 27.—With most departments working full time and several of them now on a seven- day-a-week schedule, the Stinson Air- craft Corporation is preparing in 1931 for its biggest year to date. Contracts for more than $450,000 in 10-place tri-motored airliners equipped with Lycoming engines, have been re- ceived for delivery by March 10. Ten of these planes are to be delivered by February 1 to the Century Air Lines, Inc., of Chicago, which will begin oo~ erations on March 9 of a frequent serv- ice system of lines embracing the en- tire Middle West. The remainder of the contracts have been placed by two other transport operators. Telephone National 5000 For immediate delivery of The and “Slnday " moming. - The an morn] 3 e Route Agent will collect at the end of each month, at the rate of 113 cents per day and 5 cents Sunda;