Evening Star Newspaper, December 30, 1930, Page 14

A—-14 ok FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, TUESDAY, DECEMBER 30, 1930. s FINANCIAL., PICTURE INDUSTRY NEW YORK STOCK EXCHANGE | BONDS IRREGULAR 'E@BONDS@I ELECTRICAL.GOODS - Received by Private Wire Direct to The Star Office. Received by Private Wire Direct to The Star - UNITED STATES. "1'"'1{‘1;'3' L. Close. Page 'Pr ~ P (Sales $1.000. S 6% % _(_mifle_d_‘!;_rm—_i)_‘ h ":0‘ Di\:;:‘l:’:ilnRulk A'h‘dlenlflrl!ilh. Low. Close. C];E% -.l" ; h. IA.' 111% 111% ot E ~Prev 1930~ Stock-and Sales— Prev. 914 Otis Stee Sl 9% 9% Lib3%s. 37 10129 10126 10126 | Nor Am Ed 5867 1007 High. Low. Dividend Rate. Add 00. High. Low. Close. Close. 89 Ous Steel pr pt (7) 75 90% 9 10227 10226 10227 | Nor Am Ed 5%s '63 : 101% 186% 8% MuinoisCentraltT).. 13 69% 6F 634 6F % 50 Outlet Co (4) 10 55 10320 10318 10320 | Nor St Pow 68 A 41 2 102 2 Indian Motor Cycle. . 2% 2 2 32 OwensINlG E 324 Spgs 10210 10210 10210 [ Nor St Pow 6s B *41 05 i i Adolph Zukor Sees Prosper- Ind MotorCycle pf. 2215 20 200 20% % P:c::: bty 3 i Market Lacks Trend as High- 4 10531 10531 10531 | ppeg & E‘," " ;oz: Manufacturers Enjoy Satis- 3 Indian Refining. 42 3% 3% 3w . i e i gl ) 10731 10780 10730 | pac D& 88142 .- 108 ous Future in Film 3% Indian Refining rot % me 3 | 7L (0 Dacino Gasa Bi (20, 112 w4 avs| Grade Group Encoun- 1124 11130 11130 | pag T&T ret b ; i0s | factory Year and Have 31 Indus Rayon (4) b5 53% 5 World. 147% Imgersoll Rand ( 179% 175 179% 170 Pactfio Lighting (3). 160s 49% Pan-Am Pet 101 4 111, 5 15° 5'a i 2 i 58 Intand Steel (4). 60 GEW G8% 0% S e AL el el ters Selling. | Pameteniy) Bright 1931 Prospect. o o i e Pac Tel & Tel pf (6). 808 122 122 119 : b X% lentiaCoba'et.... 4 Insuranshar,Del 40c ol . . Packard Motor (50c). 51 “ 8% 13 - Phila & Read 6s '49 % 5 Insctfs (Md) (80c)., 6l: 64 6% % » 2 BY F. 3 3 3 BY JOHN F. SINCLAIR. 91, 20% Interboro Rap Tran, 2 g::h:;"d{:egn&ll‘tfi" 4 o 30!/. : . H. RICHARDSON. ATEaAting CWATSY. Phil Pet6% s g BY J. C. ROYLE. Special Dispatch to The Star. 7 T3 FRSROOHERUBEAE Lo 8 > el A Special Dispateh to The Star. Argentine 6s B '58 4 60 Special Dispatch to The Star. NEW YORK, December 30.—When 11% InterlakeIron (1)..c 10 11% 11% 11% 4 Parle® Tilford. 5 5 NEW YORK, December 30.—Bond | Ausiralia ov.-'n. 3 2% 11 Ahead of the procession instead of Adolph Zukor, Paramount-Publix Cor-| 8% 2% Int Agricultural..... 5 3% 8% 3% e A0k trading today was of an extremely se- *6B.00. 79 p behind it. That is the way the elec- paration president, returned from Cali- | 67% 421 Int Agricul pf (7 1 45 45 45 o - lective nature. Issues, both high grade 71 70 | Blire Ol 644 2 fornia recently he was asked what he| 197% 131 Intl Bus Mach (ng). 4 144% 143 143 UI%[ g % Pathe Exchange. 1 ] and of secondary quality, in which de- 4 trical equipment manufacturers are fin- thought of business conditions in gen-| 19% 8% Intl Carriers (50c)..780s 10 9% 10 . 9% ' 5 | clines have been substantial were Still [ oy oo oo o uyvgy Rem R'd 5%s8 A 83 |ishing up 1930. The procession did not eral and of his own industry in par-| 75% 49 Intl Cement (4). 3 50% 49% being sold by those transferring their | Bk of At . Richf'd O cal move as fast as in 1929, but the march- ticular. Here is his reply: 1415 1% Intl Combustion. ¥ paper losses into actual losses in order . “ Shell Un O11 5. ing step was brisk "_h” P’ “I'm glad I'm in the motion picture | 78 13 IntComb Eng of 3 24 peatlsr Ll ol . 4 t0 save on income tax payments. On Stnel O 63%s B ‘38 L e business rather than in any other. We | 754 50 Int Combust pf ctfs 25 25 Pennev (J C) (3) 2 9 g | the other hand, there was good buying | peio, 2 By SinclOTscv A 37, 5° electrical manufacturers. have our problems—plenty of them—as | 115% 45% Intl Harvester (23) 4sats 400 ,"‘" 4 4 in all parts of the market of issues con- [ poi2e o 74 ogg : Sincl Cr 0 5% Final figures are not yet available, every growing business has, but we are | 146% 134l Int Harvesterpf (7). 1 134 134 4w 4wl sidered to be at bargain levels el o es el & 107 Sinelair P L 6s "42., but it is likely that the net profits of ot confused by the difficulties ahead. 18% Intl Hydro 1A (e2) 20 207 19% 0 & : The consequence was that two issues s ¢ e sec | soivey Aieuts ] We can see now what is needed and ! 52% Intl Match pf (4).... 20 55 b4 el > - - | of similar merit would show a wide loss 3 3 ¥ Sou Bell T&' the two largest producers will approxi- Row fo meet these needs. I see, ac-| 33 15 Intl Mer Martne (2). 4 154 15 L kbl ol D £ in the one and a wide gain in the other. L b StOINJ mate $87,500,000. This is a decline cording to our own figures, that good | Fres il ol DG - A i 5 4 People's Gas Ch (8) 0 18 poys | o ol Ut some bonds SHAGIORERSt |\ pratansi neis... 2 37 103% | STON N ¥ 438 51.. from the record figures of 1929, the best pictures are attracting more and more | 1 Intl Paper pf (1) 6 26 5 PeoviahBEstern. 6 eak later wert much higher on the | poro iR 8,67 s t Dann G phainih - o 5% Intl Paper & Pwr 20 day and vice versa. 5. in Copper 6s "41. year the industry ever had. But the pecple to the theater. -Frothy pictures T s - 's 841 Pere Marquette (18). 3 : X b hanged, the | Erazil 6% 27] [ Tenn 11 P 68 A '47 are no longer popular. They have had | o ]"u P“’“f: ©.: . 6 Petrol Corp (1%) % I {\"‘L“Y “f were uncl \:}nsvh r:e Rrazil 8s "41, Tex Coriisven'es. strange part of it is that while some their day. The more good pictures we 274 Inti PAR& B ot (1) il Phelps Dodge (2).. ; v mne unimipresec by (e g e a6l § 9 Utd Drug cv 6353 9 products showed the effect of the busi- supply, the better will be the resulis. b L g 5 Phila Co 6% pf (3). 215 52 SaR e Tt e o o 1001 | U S Rub1st 6347 0% 7 ness depression, others defled it and “Even in times of depression people 85 IntPrintInk ot c6) 1o0s Phila Read C&1I.... 9 B e s e e mahe 4 104 | Utah P& L6s*44.. 5 99t showed & wish to be entertained, amused and in- | 31 INC1SAIE (3o e B DEREERE L) money was stationary and in SbunGant o 2 72 | Util Pwr 5859 ww. Refrigerator structed. The motion picture industry % IntBhos (3) o " g Phillis Petrol (nd). 157458134 12 3 B | TNy Ml SeE, eiidayisr sigHt 3 70 | Ut Pow 8 %a-aT.. 6 2 rigerator Sales. right now has a larger responsibility 26 ThiLEHeri (s s 3 2 2 } Fisssedrrowid ). 3 19 20 |urply oz : o oot sl Among the latter products were elec- than it ever had before. I've always b A 4 6 7 4 L Chin Gvt Ry 58 '’ Y tric railway locomoti electr] x nld . % 8§5% Intl Silver pf (7).... 4 g The opening was irregular, with a few © Ry 53 '51. 5 26% P y locomotives, ic equip been ‘sold’ on the motion picture in- 17,; Intl Tel & Tel (2) " Pierce Oil pf. v 3 firm sp‘;n sgcauere:l llthmughnut the | Colombia €s Jan '6 58% "vz:’,‘,fi‘},’fi‘;,f:;‘,‘,‘,m; ¥ ment for street rallways, raflway motor dustry, but I am more so now than I bl Il v 3 . % Plerce Petrolm(10c). prime group. Examples were Atchison | Con Pow Japan 7s. 93w | (- n s 3 165% 13 . ¥ - 3 “ | warn Quin 6539 trac -elec- ever have been. 215 50 Inter Dept St pf (7).. 10s ENCToEERCCR), ; Jtves H o ipa e i o g y eneral 4s, Great Northern 7s, Nickel | Copenhag 4148 '53. 91% | w, Sug 7 Mr. Zukor is not given to boasting. So% DL seaw ) 08 81 .| a3 Pillsbury Flour (2) % 20% 26% 25% | Blate 4155 Northern Pacific 45, Amer. | Copenha 5s '52. P L LR S SHs maehininy for ARVMIE WM. The He keeps in the background. But heis| 35 12 IntertypeCorp (2). 1 Pirelll Italy (a3.14). ican_Telephone 5 Consolidated Gas | Cuba 6%s '45 72 | West El deb 58 *4. 7 real feature of the year for the leading Tecognized as the dean of the industry AU T vastees Bl 3% Pitts Sorow (1.40). 1314 | 55, Duquesne Light 41,s, International | Czecho 9s ‘62 % 109% | west Un Tel 5861, 12 interest was the volume of sales of elec- and the head of one of the largest of e e ah oty ; 3 3 Tt » Telephone 5s, New York Telephone | Dan Mun 8s B * 7 107». West Un T 6%5°36 1 tric refrigerators, which for the latter the motion picture corporations. 8% Johns-Manvil mu;b:r':;l'??“’"cal; ! 4125, National Dairy Products 54s and | Denmark 414 4 WEO5%s'37 ww. 6 102 1 part of the yetr were 30 per cent higher His brief statement is particularly | ]33 18% Jobns Manvilis (3, - so: “,,,1 “q,‘ 119% "g,, . e nlCutE Pan-American Petrolewm 6s. These | Denmark 5% 100% | wh Sew Mch 6340 17 2 29y, | than in 193 significant. i A TorauiiMoTer Car Al BT & 91 | advances were well maintained. Deamark 6s°42.... 1 % 105 | Wick Spen 15t 7s'36 5 8 Not only "“’ the electrical equipment e kel - 3 Hhi i IR ”"1;11% se n]mgfim ll‘.lm high-grade ssues | Dutch East 1 6 . % 101% | W11 & Co 15t 68 1t 98 |manufacturers secure profits from A deluge of letters, telephone calls| 13'; 4% Karstadt (R) (1.03).. 5 6% ; Poor & Co (B) (2) 8 107 Pacific 45, Columbia Gas 5o, Philadel. | Eiat 18 war. ¢ T RO Qi Thets pakents, but. (oY, shovtad the and personal calls came in as a result| 20': 14'; Kaufmann DS (1%) 3 4| PRAmTob A (3%4), 7 4 5% | phia Co. 55, Utah Power & Light 55, and | hiat 78 ex war *46.. T6% RAILHOA°~ vacuum tibe to @ wide variety of in. of a statement which appeared in this| 41's 143 Kayser Jullus (2%). 12 16% 15 154 154 4 THAMToH (B)..... 2 4% % 4% |Inland Steel 415s. Substantial buying | pimang oS 4 T8% | Atchon 41 190 dustrial uses.” Eiectric welding equip- column lnst, week. I quoted “an influ-| @ 1w Kelly-Spring Tire... 7 L. L Fori ek Cable vt 21 : made its appearance in United States | pimiana o oy : 86 .| Atchisonaas ¢ ment was more extensively used in con- ential man” to the effect that what the < e 97 Eranteoias 'a 12% 13 12| Government obligations, blocks of $150. | sy o . s au g struction work than ever before, fol- country needed right now was a first- ! i) 8 ’ 000 and $200,000 frequently appearing | g " 106 | Atch'on cv 434541 142 1133 lowing the adoption of the battieship class war “to take up the unemployment | 3 19% Kelsey Hayes (2) 214 8% Pressed Steel Car 3 3 on the tape. Prices of Liberty issues [ Prench Gvt 7 1 20 130w | Aten Ariz43s 62 102% deck type of floor. ~Distinct improve- Sack 7% Kelvinator Corp ... 18 ressed St C pf (7 3 B4 | were advanced 1-32 to 4-32, while koo 125% 125% | At & Danv 4848, 49 ments were recorded in the automatic ch (J g ‘P‘ jfn):“ ;fl:ssfifhmm 9 gg‘* ifi:fiflifi&’c‘o'.?a’.’r’(z‘)dfi;s. o Proct & Gamb (2.40). 1( 2 Treasury descriptions were unchanged, g:::n:l;ahen 65'34 o :2 90 | AtC L 1st 4s 52, 9 welding machines using the atomic hy- ‘writes to quire just wha e aver- 4 - » al s 68% | At C L col 48°52, drogt age worker got out of the last war, and 38" Kimberly-Clark (13). "1 40% 404 40u Pub Sy N J (340) changed Taieh euthee wear DRy Tou 7o | ALGL 4%ka e The fargest steam turbine generator L b e '} i Bt Exll S Cotar s up 1%, and Utilities Power & Light 58, | Sorman s 9'1'5 100% 10074 | B&O 4848 ¢ | s O e trouble, in'my opinion, an jon’ X . b off 2, had the only wide fluctuations, D, '49.15 % 100% ¥ year. It has a capacity of 110,000 kilo- know much. is that overproduction and| _3 1 Kolster Radlo ctf: % 1 Punta AlegreSugar. : 4 ations. | Ger Gen E1 78 '45. . 891 ¢ - . Gas. busses used underconsumption have come because | 36% 264 Kresga (SS) Co 16D. 133“‘152“ 0% 26k 20 Punta Alegres cits @ 0 0 hy | unior rals were highly ematic, Chi- | Greek 6a- 82 g2 |B&O4kEE0.. 9 T he AL s o P eamers, who-are the Texi buyers—haw| 0" o™ Kreas (SH)Co tp)). 1 X 40% 40% B Purity Bakeries (4). 26 i 39 5345 were off a point or more. Gains of | L1o-Am ss B8Y 681D & O 6895, s in America, the elec driven not the money to buy with, through : " 0 r oo . jack of employment, caused by the| 35% 20% Kreug & Toll (1.60). 275 % Radio Corp 188358124 owr a point were made by St. Paul ad- | 11 ien'pres St 660 o “| B &O P&EWV 4s8'41 lar liner Herbert Hoover, was y 3 . ? 3 . tments, St. Paul 5s, Erie General 0L B&O Swn dy 63 '50 102 |8 few weeks ago. The companies are ine age. which throws men out of | 48% 17% Krog Gr & Bak (nl). 65758 17 17% 5 814 RadioCorn (B) (5).. 16445 som 1% | jus i 9191 ;. T Mosa ot crehte other spheres |'113 * 70 LambertCoXs) 49458 7 % Radio-Kelth-Orph A, 55 16 6% 15U | e Rt e Italy Pub Sv 4 Lol i g e e e % atbing. s ptcm::s“mh\; 23% 17 Lane Bryant (2 Raybestos Man 2 60 & 17 o 2| 4 2 4 . °’1‘§ch'§:§§:‘;‘&§?9¢§$§?§% say-| 11 i 3% Lee Rubber & Tire. . g Reading R.,.f.,, 2 6 lowing to speculative buying by those | Jabanes B; . Bos & Me bs "67 in apparatus for television. ing that he “does mot know a thing| 42 11 Lehizh PortCmt(1) 9 13 W 12 Real Silk Hosfery (3) 22 5 ;‘.f‘;? zltlcv;b;sf Szgrr cgm f\:o(n:holders Jugos] Bank 7s ‘67, . g:u‘;&ri‘?; . a Electrification Plans. 108% 98% Leh Port Cem pf (7).1008 i Rels (Robt) & Co.... 2 out of the reor- : 5 3 ;flfn“"{mfl'é‘&u‘;fi '2:: 'J.‘x’.f,'fy Blr’x‘l’éfi 17% 4% Lehigh Valley Coal.. 11 i m Rand (1.60). ... &% | ganization and to tax selling by those | KArstadt 6s 43 Bklyn Elev 6% 0 m"n" ‘;“:'-ltm‘fl‘:dmmfa'fikge tombe e up 3714 14% Leh Val Coal pf (3) Z % 16 - Rem-Rand 1st pf (1) 3 5 @b |causht 1 the slide of this-band from SRS RIS b Ekivn Un1 H e lecirincation All week T have been swamped by| 847 40 Lehigh val (t4%). 4 Rensselaer & Sar (8) 3 ¥a 3900 Ligh of W down to 21 bbb LA L Bkiva tite % 4 % ] T Mex 4s asstd 1904. 8 BR& Pitt 4% personal calls, phone calls and letters| 97% 51%. Lehman Corp (2) E Reo Motor Car (80c). B 3 Milan 6348 '53. A « 76 | Bush Ter con 3 test. So let me say frankly that, 36 21 LehnhFlrzk 3). 3 - Y Republic Steel. . S % L 5, o - 7 this kind m 1931 o oy opinion, another war would do| 31% 104 Libbey O Ford Giass 4 Republic Steel pf . .+ 2 Washlngton StOCk Exchange e il " 4% | Can Nat 43% projects in. the public utility feld are what Frank B, Kellogg said it would: | 113% 76 Liggett& Myer (16). 2 1 Reynolds Metals (). 2 SALES. New8o Walests st ¢ 105 1055 | Zan Nat 4 s 68 D i i T “Wreck civilization and destroy the in- | 114% 1&1:'2 e ey pn.: “ ReynoldaSpring.... 8 1% I | Washington Gas 6s “A"—$100 at 102. | New So Walesga 08 63%% b Bl "1“4' 58 electrical manufacturers will have m ternational machine of trade, even more | 146 127% Lizs & Myers ot (7). 36 138 Reynolds Tob A (33 6208 i Washinglon Gas 64 “B'—S1000 at | Nord £4pe ss 62 |Can Nat 4%s volume of central station equipm completely than the last war did.” :5:’: zn', L«rrfi(lfie‘:f‘:"vw) e : n?!h"é’.'fi:'&?" B(3).. 1051, » i 5 ; }83?7 g;: R:; i';flfi'u 9. build, because it is a well unm ‘That “new-war remedy’ quezamnl;vu ST 30" L. GGICLIaRIEATL ) Rio Grands O § Cap.m Traction Co.—10 at 4213, 10 at | Norway 61s 65, ¢ 101»: it Nor '*.dh:“" " fact that such equipment becomes prac- e Tato famne, and to what lengins thoy | 95% ; : Ritter Dent Mf ¢ A 206 gew| 43 10 A€ 1%, 10 & 4115, 10 at | Norway 65 43. » 104% | Can Nor 7s deb ‘40 N e, " | : - would plunge their fellow.men I ordet Y onabten ), . o Ben e L P 16 |Potomac Electric 6% pfd—3 at 11115, | Norway 63 52 b 101% | Gan Pac eve dt ot i A to work out o e b H ooy 4 Potomac Electric 5':% pfd—10 at |Orient dev b Can Pactfic 4% mwwme L ekl o lems. 10775, Orient d % Can Pac 58 ctf/ It's well for the average man to un- Safeway Stores (5) i 4 Prin e SSEeS S8 tic machinery and mto nt for derstand this, becauss such opinions i - B 20y “‘j Georges Bank & Trust Co—18 o D b the use of electricity in medicine gen- often have a vital effect on business h Lead (13) 28 93 9 o e St Josep! Lanston Monotype—5 at 104, 10 at 103, 4 (Copyright. 1930. 1 X 4 . 3 | P . Cent of Ga 58 C 69, ang life, even although they seem right ! S: Y 20 at 103, 20 at 102 Pl s 3 33 | Centof Gasis59. new both treasonable and stupi. LouG&E (A) 1%) % 21 62 s € 3 63 Mergenthaler Linotype—10 at 841, 10 | peru 78769 : ¢ Cent Pacific 4 ; % Forced Labor. Louts & Nash (1) " St LS v at 8415, Poland 65 Cent Pacific 6a 60.. INVESTMENT TRUSTS ! “There are 3,000,000 human beings 9% Ludjum Steel 3 3 F - r AFTER CALL. Polana 78 "47 - C'n Ry NJ gn 58'87 bwho are still ‘physical slaves in the 20 Mac And & F (12.85). i B4 Bavage Arus (2). Barber & Ross 6! Poland 8s 6 5 80y | Ches Corp bs 47, NEW YORK, December 30 (#).— iworld,” said Raymond Leslie Buell, re- 33 MeCall Corp (2%). T 4 Schulte Retall Stri : bl Barber & Ross 612s—$1000 at 83. _ ' . s b isearch expert of the Foreign Policy As- 37 MecCrory (A) (2) Schulte ketail pf (8) 50s ashington Gas 6s “B"—$200 at 10513, 2 Over-the-counter market: g:chuon. in a recent issue of the 38% McCrory (B) (2 gul;odu"fl A}:;ln: 25 v | Mergenthaler Linotype—10 at 8415, e a7 % eab'd Air Line D . p i e " Mr. Buell based his fighres on the re- N o friis 15 Seagrave (60c). 5 Bid and Asked Prices. Am & Gen Secur 6% bf. gm of the Commission of the League Of 61" McKeespt Tin P1(16) : # 14 Sears Hoevuck 32% b BONDS. 2 Amer Founders 7% bf. ations. which several years ago showed 10% McKesson & Rob (1) 23 Second Natl Inv. . e, 2% 3 2 PUBLIC UTILITY. filg:’].hsn :'u e 6 6 06 ¢ Amer Utl & Gen A. ithat slave trading was then being car- 25% McKes & R pf (3% ). p 2 Second Natl Inv pf.. N g e "%_'16 g Am Util & Gen pf. ried on in 19 political areas, such as 6 McLellan Stores..... 3 7 “ sk Seneca Copper Amer. Tel & Telga. 4'25 '39... 120 | moy Dieses we 4 et Went 4833 {Abyssinia, Algeria, China, Egypt, Eri- 69% MecLellan S pf A (8). s " 3 4 |Am. Tel & Tel ctl. tr. 55 s 7 i @ “lchMa&stPas 89, #reta of the Sahara and the Sudan. 335 Mack Trucks (4)....1625 1 12% | Auacostia & Por’ R R .11 8l BucERuA (oo Ch M&STP 43%sC. ity Slore sharcowners Tne Places where physical slavery, in its 81% Macy & Co (nt3). 13 86 Shattuck(FG) 2 3 % » e o 5 9 | Sao Paulo 8s 60, 6 Ch M&StP 4148 E. . Chelten Exchange A simpler sense, still exists are well known, 4% Mad Sq Garden(60c). . Shell Union Oil. 8% Y 3 action R, R. 53 Saxon 7s '46. - Ch M&StP 4% 885, 8¢ Chelsea Exohanse B jand the institution will be soon wiped 19% Magma Cogper (3 4 7 Snell Un O1l pf (¢ s b burban 3s. 82 | Seine 7542 1061,4, Ll e Ll Corporate, Trust, Sh ‘out. But another form of slavery has| 1’ 1% Mallison & Co Shubert Theater! 64 5 st 5 2 Serbs-Cr 817 Ch M & St P adj 68 343 xisen. The real slavery today is the re- 1 Manati Sugar, Simmons Co.... 8 3 4 El ) gz by Serbs-Cr-S1 83 '62. guu, # sult of indenture contracts whereby the 6~ Mandel Brother ) 5 % Simms Petroleum 1 % 6% 6 514 | Washs Alex &3 e . % 4% Ch&NW gn33%s'87 1 debtors work out for the creditors the 24 Man Elev mod g (45} 4 5 2 SinclairCon Uil (1)..2624 2 7 | Wasn., Bal 5nap. 5 2 3 104 Ch & NW gn 45 '87. 12 ount, of the debt. This custom con- 46% Manhat Elev gtd (7). 208 3 2 Skelly U1l (2).. 21 | Washingion Gas 5s"7 10 10315 [ SWiss 5%s¢6. % 105% CHLE = T 2 ues throughout Africa, China, certain 6% Manhat Shirt (1).... 2 Skelly Oil pt (6) . 2 Wa as B, series A.... Toho El Pow 65 33 o8k Tts of South America and even in the et U 1S O Sloss Sheflield Steel. 12 % . % e B ;| Toho El Pow 18 A ilippine Islands. 15 17% Marine Mid (1. :n)...nss- 1s~. $ 29% Sloss-Sheffield pt. .. .250 28 % 3 bttt LU Tokio 6386 5" 89 - A This more difficult problem has re- % 13 Market St Ry pr pf. 8 % Snider Packing. 2 3% T 3 4 Utd King 108 Ch R 1Icv43s’60. 12 5 ived the attention of the international 21% Marlin-Rock (15%) 1 zz-« 3 8 Snider Packing pf |9 i1 ber & Ross, Inc, 6} P Drogiey s 0 ChRI&P4%sA.. 16 Fbor crganization. They appointed a % 4% Marmon Motor Car.. Solvay Am pr ww 6% y 4 917 Lolup\b a_Country . Club % Uruguay 99 Chi T H inc 63 committee of experts, including Prof. 24% "Marshall Fleld (2%) m 25’« 2 5 Sou P Ric Sug (1.40) 94 s W TR - Vienna 6s ‘5. 83% Ch Un Sta 6s'44 Chamberlain of Columbia University, to 3 Martin Parry.. 1 2y Sou P Ric Sug pf (8) 208 Wash. Cons.Title 8s... i00"" | Warsaw 78 54% Ch U S bu a8, study it 304 Mathieson Alkall (2) % Southern Cal Ed (2). 3 2 STOCKS. DG et bl AL e Ch Un Sta 6335 '63. i As a result of their efforts, resolutions 3 27% May Dept Strs (n2) 29% 2 Sou Dairies (B) b . i C& W Ind cv 4s'62 have besn drawn providing for the sup- | 23 5 Maytag Company 5 Southern Pacific PUBLIC UTILITY. MISCELLANEOUS. C& W ind64s'e3 pression of forced labcr within the 4 15 Maytag Co pt (3) 5 S % Southern Rwy (8) 51 6 6 | Amer. Tel. & Tel (9)... ... | ADIUIDIP & P 63 17 C'Ct.b&s:Lv?-(.l) shorust period. The French govern- 25 Melville Shoe (2) 2 i Southern Rwy pf (! 6 q WJ’J,‘.“GQ‘EL"A‘L Co. s 212 | Adams Exp 48 "48. . 3 ‘é:,‘.fip",'” /2-‘;,‘;" . State Stres wever, has declined to ratify . 6 MengelCo (2) 5 y Sou Ry M&Oct (4). 6 ¢ e 13" | ajax Rabber 8s. ... 5 C U Ter 438 2020., Super Corp of Am Tr 9% Mexican Seaboard... 22 10% 108 Spalding (AG) (2).. 1 4 (‘ammnc Elec. Power 6% pfd.. 110 111% | Allegheny b8 3 Clay term $4e IE i sumv of certain groups in 381 Michigan S8 (h23%). 3 4% 4l Sparks Withing (1).. s Pot. Ele % “pia, 2 108" | Alleghany 63 *49. .. Colo & Sou 4%s '35 certain nations toward this international | 3 7 Miami Copper...... 4 % 5 Spencer Kellog(80c). 6 9 g W ‘s5°" | Allis-Chalm 58 '37. Colo Sou 4% '80.. T b dere effort to aolish compulsion,” Mr. Buell 11 Mid-Cont Pet (2).... 35 12% y Splcer MIg... 3 9 P Am Ag Ch 1368°41. Cuba R R 6 °63... . United Ins Trust Shares F. concluded, “shows that much ground 15% Midland Steel (3) . 2 18% Spicer M{g pf (3) 2 " 230 Am Beet Sug 65 '35 Cuba RR rf 73536 United Oilu Trust Shares H must yet be covered before the goal of 74 Midland Steelpf (8). 2 BL 80 80 &1 4 Splegel-May-Stern.. ¥ 5 . 250 | 4 Chain 6a33. ;| Cuba Nor6%s 42.. Uniy e Shares. human liberties is reached.” 1 103 MilElIR & Lt pf (6). 208 100% 100% 100% 105% | 2 Stand Brands(1.20) ; ; 6 s 202 23 Am Cot O db 58 31, . % | Del & Hud rf 4s°43 —_— T. V. Soong, Chinese minister of| "2g7% 3% Minn Moline Pow % Pl gt y Stand Comm Tob, 5 2 « | Dist B 5 Am F P 538 2030. . 7 Dol & T v Ga'ss . Sk, Hish. Tow. Cliee: finance, is far from discouraged aver the 45 MinnMoline pf (6 1 4“4 u Stand G & E (3%) 7 Am 1 G Ch 5%s "4 7 | Del & Hud 5%s ‘37 NY NH&Hevdabés 39 114 112% 114 present’ Chinese situation. Ho recently | 3 15 MStP&SSM. ... Bl 3 Stand G & E1pt (6).. 2 2 2 Lincoln (12)."" #0 | AmIntCor5 75 D& R Gr en 4 % NYNH&Hcltes 12 108% 108 said that the government which he rep- 41 M StP&SSMlsd (4). 208 2 42 4 6 Stand G & & pf (4).. 5 6y | Metropolitan “(145). 0 40 | Am Metal 538 '34. Den&R G W . NY O&W 1st 4893 a8 resents is in the strongest position any % 14% Mo Kan & Tex (3)... 16 18% 18 Y Stand Invest Corp % 1 : % | o sigies Am N Gas 6348 '42, 2 DRG& W st 6878 1] NY O&W gn 48 '55. government has been since the republic 60 Mo Kan & Tex pf (1) 550s 69 68 Stand O11,Cali(hz 2 44 315 | Wi Am Sug Ref 633 ‘ Det Utd 4% '32 NY Rys 68 A 65 5 was establisher, nearly 20 years ago. 20% bMiissouri Pacific..... 3 31% 30% 2 Stand Oil of Kan (2). 6! 6 5 g Am T&T cv 4%8'39 % | Erie 15t con 4598, NY R It has been an immense task of uni- 79 Missouri Pacpt (8).. 3 87 87 7 Stand Ol of N J (12) 64 Amer. ¥ 0, Am T&T 58°65. ... Bots sore. 48 (B) fication! Facing different languages, 9% Mohawk Carpet ... 15 10 % 9% % Stand OII N ¥ (1.60). 65 2 21% 2 o t it (8) s Am T&T c tr 58 ‘46, A . e different moneys, different customs, and 18% MonsantoCh (g1%). 1 21's 200 20k 2 19 Starrett (L 8)(123%) 0 20 | B e h & 1T, Am T&T 68 s f 60, Loty byt a people suspicioys of new trends— 7 15'x Montgomery Ward.. 143 157 4 2% Sterling Sec (A). 2 215 2 % | Union Trust (e o 219 Am T&T 6%5°'43.. 5 s et especially republicanism—the national | 48% Morreli & Co (4.40) 50 5 Sterl Sec pf (1.20).. 3 4 | Wash. Loan & Trusi AmWat Wks 6s°75. 3 2 2 2 SAVINGS BANK. Vrit Pap 68’47 214 | Fla E Coast 5s government has fought battles all over % Mother Lode. 3 Sterl Seccv pf (2)... 4 | oty (65 ok P 5 41852, 1% 97 its immense territory; but it has finally % 1ia Motor Meter GAEL. 9 4 Stewart-Warner (2). 44 174 % | Bank of Bethesda (85)... . 5 : Fond J&G 4% Nt vaocraeaber 1t 20% 330 4 2 2 BufeS28 FEFFE 4 s..;g;‘é. 2, o Bganaal 27stien won, the last of its encounters having 25 Motor Products (2).. Stone & Webster (4).3323s 40% e | Sommerce & Savings : g el ey been the overcoming of the northern 14% Motor Wheel (3). Studebaker Corp (3). 33 20% s 204 |Bofomac R Gr Nor'4 18 76 (D) Oreg-Wash 4s°61,. 2 2% 92% part, recently accomplished. 6% Mullins Mfg... Studebaker Co pt (3) 100s 116 oy 5.);;“ k Som- 500 | At Ref deb n 340 Gr Nor 4%s 17 (E) ‘ 102% mm 102% “We expect to achieve greater things 254 Munsingwear (14). 1 : % Submarine Boat, 3 y United states 30):°011000 i Bell Tel Fa b 848 Gr Nor 68 78....00 o i mext year than ever' says Minister 9 Murray (B)(2% stk) 8 i ¢ sacnal 0 vk ADN aaLs t WARBIRREOR ‘;;,;;';:;L;A;m- LRI Gr Nor gen 7 Son 9% oo i?’c"fiim{'hi“.f,'g""“ the greatest year 214 i.u: :3'}?‘?28’:’!;.(5) 1‘2]':’ 2 6 Lo AR (¢ 2 vt ;.o;»- R HavERL&PS: 108% igtflm }ggu 1 P’ | 2 70 as| a 6 C a 10). G e Py e = - Hav El Ry 6%s '51. Y I hope s0. But it must be said that | 261 5 Eilsmens () Chile Cop db bs "4 Hod & M ua) o331 1084 108 the fi“mi’;le nnlol;:é go\'erm;‘entlis az‘xlm 1, NatairTea SR b s - National un"r’x"ru-:s‘msunANcE 33 i Hud & M rf 68 ‘67 hd Frakaed 132% 183» considerably worried over the inroads 2 Nat Bella . 1 “ » 0 2 L, ek Boah ekt S R | 2 1 et Bale BT, o 7 Symington Cotumpia (6h) 11 |Com Invest 5 111 Cent 45 '53 Reee u‘f.:r.’,.“ tale” i parts of China during the past 12‘ t Biscult (13.80).. 7 TeuneskebOOLH (1) ' " Real Estate (gh) o000 3 70 Eo(r:n};:\;o'-!xr 3 3 4 xlxl:g::: ;:“5 P CCRSIL 43817, s months, especially in the colleges and | &3 8 29% 275 4 Texas Corp (3)... ... 5 | MISCELLANEOUS. % 23 PCCAStLEsA.. 107 107 universities. | i : i 2% Quit SN0 190, Barber & Ross, Inc.. com, . 3% | Sk fus oorre 31 e Ll i PCC&StLEsB.. 10 08 108 (Copright, 1931, by North American News- | 341 415 Nat Dept Store.. 3 3 h Texas P C & Oll. . 4 4 | Gol. Medical Bldz. Co hiseson 5 5 100% 10 aber Al | 61 Nat Dept St1st (7). 60s 62 y Texas Pac Land Tr.. 13 golcs;gg”&\gmfl prd. (0.0 +i8 Denver Gas 6s’51.. L H 100" 1o | 39% 184 NatDist Products(i) 508 19 Thatcher Mfg (1.60). 2 2B &, pldois “%° | e Edison o RIAr&L4%s'38 2 99 99 ! St L Ir M’nt s "31.. 57 100% 100% IM R&G ¢8°33. o 17% Nat Enam & Stamp.. K Thatcher pt (3.60)... 5t 35t 35 e Nt i 3 Det £d rf int Rap Tr 7s 32 : -4 NBEIGN EXCHANGE 114 t Lead (18). ; The Far (240). . 2 U (e 5 nt & Gr Nor 6 53 (Quotations furnished by W. B. Hibbs & Co.) 135 N “_...d of (AN (1), 10. 36% " méia Co. 14 | Eed mfl Co. com. iz Int &G N ad 6 53 wold Selling checks % 30 NatPow & Lt (1) “Third Natl Tav L.m.,,, ‘Matiotyis (8.1 Ba: Int RysC A 63'72.. 5% P 28 Thompson (J R) (3). 17 3 Mer! 0, &'Slae; com (1] ST . % IntRysCA 6s°41.. a1 Natsien 2 : Thompson Starreit.. 1 B g | ME T B st () o movore 68 31 lowa Cent € 4u 51 60 Nat Supply (5 ‘Thomp-Star pf (3%) 160s Natl. Mige 1d. 6 | Gen Thea E Iowa Cen 1st 6s (3 106% Nat Supply pf ( 4 Tide Water As (60c) 6 By | Reoples | DvMuu Sl&r s pId, % | @eodrich cv 5 Kan CFtS&M 45'36 135056 NatBurety (5). . ; Tide Water As pf (6) 3 Do R tbrame 4oy . " 108 q Kan City Sou 35'50 Y Natl Tea (1 Tide Wat Oil (80c).. : Ter Rt &°Wh. Cox 3 Neisner Bros (1.60).. Tide Wat Ofl (pf (). 2 3 he, Carbel G o Nevada Copper (1).. 5 A % % 8 Timken Det Ax (30c) 13 % A s B " | Humble O11 58 37 *40. o0 fi:’ .:;ewvortstio (lfl ‘ };b Timken l;all;r (3)...4640s A:u W 42% | Waadward & B Hum O&R 6%3'62. 4 L & N 5s B 2003... 2 Leges % Newton Steel d 2 Tobacco Products. .. 2 ) A % L&N istrf 6% Oalo. crown v 3814%se 22 N Y Air Brak 22 e n b Books closed. ¥20a% ext 11 BT 1st ot 5o A Stockholm, crown. 26.80z¢ 106% N ¥ Central ¢ lesnllsu. Transamerica (1)... 59 12% 4 P 9 % : Market St 78 *40. T E 73 NY cm:ss‘,:. "‘(’n 2 Transue &W (1).... 3 Tk 17 7 T : Mich Cent 418 76% N Y Ch & StLpf (), 2 2 orD.s 5 SHORT-TERM SECURITIES. 22 N Y Dock. 14 . § . s b DO b S - (Reported by J. & W. Beligman & Co.) 152 N Y& Harlem (5)... 60s 171 Trico Prod (2%) ... 2 ,DANIELS SEES CLEARING Bid. Offer | 915 N ¥ Invest (1.20).... 15 Truscon Bt (£1.20) - Alis-Chalmers Co_.5s 1937.., 1 1% ‘gzc. : ; fi : : glr‘l‘(;') 1:‘« Twin City R Tr (§4 9 BUSINESS CONDITIONS 3ed o % oA - Ulen & Co (1.60) 1 1938, . 100 102 B R DR BN Sm. R H . I1-Fimc 2 B RICHMOND, Va. December 30.— o mu 6%8 56 um 13 13 NY Steamvtit). ] aos S0 S0 Union O, Calif (32) 12 21y | conditions for 1931 here, said: “Cloudy, | /" ™ & 708 58 N e e mu% Tenit i e Kend 633 '48 ww Mo Pacific 63 71, 15 96% 96 9 96% 9614 963 o SorErvagionSno aanm 'S London, pound Paris. 'franc o » oo MBS o 1 California_Pet. Corp. e 100s 43% Ca ldlln Nor. Rwy. 4a s 1935 . Union Pacific (10)...1210 bl Norlnwestern B, T sa 1633 591 1708 Uni 1flopf (). 1 Mr. Daniels, the Raleigh publisher prt Cnicago Rock Island fs 1934 alon Pacifie pf €0). ¢ Lac G St L 6 '34. Mo Pacific 5sG 8. 7 96% 96 4 43% Ghicaso’ Rock Tsiand &5 031, i 72 % Tank Car (1.60).. 514 | and Secretary of the Navy during the Sl i Mo Pac 6%8 ov 49, 64 92 91 Third Avadj 68 25% 26% 2634 18115 Norfolk&West (t12) General Pet. Cot L 4| 15% 4% North Am Aviation.. ?m 'nmm"i“ 5 657 Nor Am (b10%stk) ., e Wilson administration, called Unit Air&Tr pt (8 pay his respects to Gov. Pollard, en|LacledebisD 0. 9 MineTeistRe sl L 8% | Ulster & Del 50 50 Utd Am Bosch. rouu to Staunton, where he will be | Lautaro Nit e N St = g;;‘ UnitedBiscuit (2) rincipal speaker at the celebration | Loew's 63 4 100" 1 98 n:: g“ United Carbon (1). anniversary of 2 54, 4 98 03 Y 85% i Utd Cigar Stores. L an " 99% 99% u Utd Cgr Store pf(6). 3 9 .8 10 ltrt los 109 109 — e Y 104% 103% 1 fl 101% 101 TREASURY CERTIFICATES. . % 4 b (Reported by J. & W. Seligman & Co.) 3 A Son rh Ges s tn 2 % 26% 257 l‘gfl;e_mM:u‘x;u b Bia. er CLSel %5 '93. .‘ - ol 97 Utd Gas & Im pt (5 1348 June 15, 1 1 0 s 94 b 65 Omnibus of (A 214 Utd Paperboard. 1.8 g g g |3la dane B 100 20-32 100 Ty e Md 48’8 8 22 Oppenheim Col (3).. 20% Utd Piece Dye W 16 23% 5 Bept. 13, 19 3 100 1533 : NYOQRLINen 1 1074 63 Orpheum Cir pt (8). 100s 60 60 60 70 —_— . 106% 106% pd i 92 92 5% Otla Elev n (248)anse 12 (Continued on Page 15, ; s Ben 4 B 199 1332 100 2688 102 101% 101% NYNH&H %067 114 01% 9 & 9% oin ’ 3 Ny Ve o8 % Frunk ‘ot Ca a 99% North Am EQ pf (6).. ult gll 191 30 NoGer Ll e, d 42% Northern P: & Norwalk Tire & Rub. 2...Nunnally Co. . 16 Ohlo ON Co (2). 1% Oliver Farm Equ! 12% Oliv Farm Eq prpf. . 214 Oliver Farm Bq ev/pt 2% Omnibus Corp. o b oST coaneBSe -