Evening Star Newspaper, January 3, 1931, Page 19

FINANCIAL. ADVANCE ON GURB |[NEW YORK CURB MARKET MARKET CONTINUES Utilities Maintain Steady Up- ward Trend—Other Groups Are Active. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, January 3.—Starting slowly but firmly today's Curb Ex- change session developed activity as trading progressed. Public utility, of], food, motor and copper shares, in or der named, seemed to be most favored by traders Electric Bond & Shafe rose more than & point and Cities Service was up about a half point. American Super- power enjoyed the biggest opening transaction, a block of 5,000 chares sell- ing at 11, up a small fraction. Consolidafed Gas of Baltimore was off 2 points on its 12-month ecarnings | of $5.48 per share, which compared with $6.36 in the previous year. ‘The oils started out unpromisingly, but several spurts in standard olls notably Humble and Vacuum, attracted A following. Further evidence of stabil- ization, at least temporarily, in the gas- oline market here helped the market movement along. Following the advance of the lower, and medium priced power and light shares came a demand for the high- priced_issues. Duke Power opened up 4%,. Public Service of Northern Illinois quickly ran up 3 points. Ford Motor of Canada featured the motor shares with an 'nitial rise of 3 points. Interest in the group, aside from the opening of the Motor Show here today, was stimulated by the speed- ing up of production at various plants. ‘Trans-Lux Pictures was the early leader of amusements, reflecting announce- ments that a miniature theater, show- ing short flims at a low admission, will be opened here next month. National Investors made the best showing in its group, ss its 1930 report showed net profit of $73,731 after ex- penses, logs on sale of securities, Fed- eral taxes, etc., equal to $4.96 a share on the 5! per cent preferred, against 84 cents on the common in 1929. l Markets at a Glance NEW YORK, January 3 (#).— Stocks strong; rails lead forward move- ment. Bonds strong; domestics make large gains. Curb strong; oils lead brisc rally. Foreign exchanges eas; Europeans sag. covering Sugar firm; Cuban buying. Coff lower; trade selling. thousands. 12 Alabama Pw 4% 1 Alabama Pow 55 '68. I 299999 CLEEL P n5- E - £ 50ms 999990: gk %e £98 1n3greaseaiEsaney S :‘?:..-‘-{ ; 9 sz, 33sa8ssssa n Rayon 6s eorgia Power tte 8 R 58 SecommonnS s - T =, 09020000 2 8! 23 ! »>at = gy g883 i ulf il linois P & L 8%28 '57 89 in P&l 3l B Suna-mal e 8 E;r:;: o ] SEaasa i LEREY Theww RERER ™ s 111 S 5 "'y, :.»??3 Note—All stocks are sold in one hundred-share lots Ly the letter s (808) (2508) excepting those which shows those stocks to be sold ~Prev 1930.~ Stock and Sales— H Low. Dividene idend Ra 9% AMliated Prod 1 Allled Aviation Allled Motor Indus Aluminum Co of Am 3768 AluCoof Am pf (§). 2 10 Amer Austin Car.... Am C P&L (A) (a3), 2 3 AmCPAL B (10%), 12 AmCom P A (b10%) 28 1 23 Am For Pow (war) Am Founders(b4-70) Am Gas & B (11). Am Hard Rub (4). Am Invest Inc (B). Am Invest (war).. Am Superpwr 18t(8) Am Ut&G (B) (35¢). Anchor P ¥ (blv%). Anglo-Norweg H 25¢ Apvalachian Ga Arkansas Nat Ga Ark Nat Gas (A). Ark N G cu pf (60c). Assv G&E A (a12.40) As50 G&E (A) dbris Asso GRE] pur ru Asso Laundries, Auto Vot M cv of pt. Bigelow-Sannford. .. Blue Ridge Cp(pz0e) Am O11 C (80c). BriATcouBl1.1 Br Celanese ret Bunker Hiil & S Burma Corp (tile).. Cable Rad:o T vie. Canada Marconi. Carib Syndicate. Cent Pub Sve A al.76 Cent St El (k40e).... Centrifug Piye (60c) Chain Store Devel. Serv (g30c)... 208 Serv pf (6) Clev Tractor (80¢). Colon Uil Com Edison (8) Com & Sou wa Consol Copper. . Cons Gas Bait (3.60). Cons Gas Util A 2.20. Consol Laundri Contl Share cv Creocle Petroleum, Crocker Wheeler. Cork Int A (1) Afrports v Wright war Dayton Air & Eng. Deere & Co (£1.20). De borest Radio. Detroit Atrera Doehler Die Casting. Douglas Aircraft (1) Driveér Harris new. . Dubllier Cond & Rad te. Durant Motors. ... Bast G & F Asso. East St Pow B (1), East Util Inv (A), . Etsler Electric Corp. Elec Bond & Sh (b§). El Bond & Sh cu pf 6. El Bond & Sh pf (8). Elec Pow A880 (1)... Elec Pow Asso A (1) El Pow & Lt op war.. Elec Skareholdg (1). Empire Corporation. Fabrics Finishing. .. Fairchild Aviation. .. Federal Baking Shop Fiat rots (1.25 & Ford Mot.CanA+12.10. FordMot, CanB12.10. Ford Mot 1.td 37%c. Fox Theater Cl (A) General Aviatio; General Bakin Gen Baking pf (3)... Gen E Ltd ret (60¢). Gen Laundry Mach. . Gen Th ev pf w.L.(3). Gen W WEE A (2).. Georgia Pow pf (6).. Goldman Saca TC . Gorham Inc pf (3). Graymur Corp (1). Grey Tel 'S (14) Grt At&Pac nv 15.25 14 Guif Otl of Fa (1%). Happiness Candy Hudson Bay M & 8., Humble Oil (12%)... Hygrade Food Prod.. Imp Ofl of Can (60c) i Ind Ter {llu Ol (A) Ind Pipe L new (13) ind Fin ctfs (b10% Indus Fincv pf (1).. Insull Ut(tb10% %). Ins Co N Am (13) Insurance Sec (70¢). Intercontinent Pet int Petroleum (1), Internat Util (B) Intl Ul pt pf (7) irving Alr Chute (1). italian Superp (A) Italian Superp war. Kirby Petroleum d o - a Lasninean 1 4 4 4 p | 1 = 6 " ol PN T TS 3 Lake Superior Corp.. Leh C& Nn (1.40). Lerner Stores (2). Libby MeNeil & L. .. Lily Tunp Cup (1%) Add 00. Open. High. Low. Close 160 3% 3 THE EVENING STAR, WASHINGTON, D. C, SATURDAY. JANUARY 3, 193 Mish. Low. 138 03! in odd lots only. 2 1% 68 1~ 12 68 126 68 1 m W W b 4 162'% 6% 1% 1% =Prov._1930.— & PAc GEE Istof (1%) 4 Petrol Corp war. % Com Edison..Feb 2 Stock and Dividend Rate. Long Isl Lt pf (1)... 108 106% 106% Louisiana Lan & Ex. 1% 1% MacMarr Siores (1) Marion Steam Shy Md Casualty n (23). Mass Uil o . Massey-Harris. Mavis Bottling. » BB LA R R AN NN H SR LN RN S AR RRNN AN A~ AR IR AN AN AN Mid United pf A (a3) Mo Kan P L (b10%). Mo Kan P L vte. ..., Mount Prod (1.60) Nat American Co. Nat Aviation..... Nat Fam 8 (b10%).. Nat Investors. ..... Nat Pub Sve B 12,20, at Rubber Mach(1) at 8h T Sec A t50c. New Brad Oul (40¢)., mont Min (fe).. Hud Pow (40¢) Niag-Hud Pow A w. Niag-Hud Pow Cw., Niagara Sh Md(40¢) les-Bem-Pd (13).. pissing (30c)..... Noranda Mines. Nordon Corp Ltd. ... No Am Aviat A war.. Nor Am Util See..... Nor & So Am Corp A. No* Buron O1i Corp.. Novadel-Ang (t4%). Ohto Copper.... ... Ollstocks Litd A b0c. . Pac Pub Sve A(1.30). Panaem Of1. Paramount Cah Mfg. Pennroad Cp (20¢).. Penn Wat & Pow (3) Peop L& P A a2.40,, Plerce Goyernor Pitts Plate GI (2 Plymouth Of1 (2 Prince & Whitely pi Prod Royalty (f1).. Prudentia) Invest. .. Pub Sve. Nor 111(8) . Pub Ut Hold (50c).. Public Utli Hold war R R Sh Corp (25c) Rainbow Lum Pr A. Rainbow Lum Pr B.. Reliance Manag..... Reybarn Co. . Revnolds Inv Richfield Oil, Cal Ryerson (J) (2 SafeCar H& L (8).. St Regis Paper (1).. Salt Creek Prod (2). Saxet Co....... Schietter & Zander. . Schl & Zan pt (3%). Schulte 5¢c-31 St pf.. Seaboard Util (50¢). Sec Corp Gen 140¢) .. Selected Industries. . Selected Indus cfs. .. Selected Indus pr pf. Sentry Safety Cont. . Shenandoah Corp Shenan Corp pf ( % Silica Gel ctfs. S0 Am Gold & Plat. . S0 Am Alr Lines 1st.. 4 Sou Penn Ofl (1214). SoCalEdpf B (1%). Southern Corp. ..... So Pipe Line (12)... 4 8 W Gas Utilities. Stand O11 Ind (2%). Stand Oil of KY (12) Starrett Corp. . Starrett Corp pf (3). Stein Cosmetle: Strauss Roth. Strook & Co (1). Sunray Ofl (b5%). Swift & Co new (2). Swift Internatl (t4). ‘Taggart Corp (1). 4 Technicolor Inc. . Texon Oil&Land (15) Tran Con Alr Tran.. Trans Lux DLPS. . Tri-Cont Corp (war) Tri Utllitles (21.20). Trunz Pork 8 (1.60).. Tubize Chatel (B)... Ungerlelder F Corp. . Un NGofCant160, Unit Chem pt pf (8).. Utd Corp (war)..... Utd Dry Docks . Utd Found b2-35 h. G Utd Lt & Pow A (1), t& PwrB (1). lec Pow ww. U 8 Finishing. .. U 8 Foll Co B (50¢).. U S & Int Sec 18t (5) Utd Verde Ex Universal Ins (1% Utah Apex (50¢).... Utah Radio. e Util Pow & Lt (a1).. UtP&LecfsB at1.02% . Utllity Equitte Vacuum (143%). Venesuela Petrol. Vie Finan Cor (40¢) Waitt & Bond A 2) ker Min (73%e).. Watson (J W) Co... Vest Mass Co (2%). heatsworth (11%) Wil-Low Careter) Winter (Benj) Wright Hargreaves. Zonite Products ¢1). RIGHTS. Bxpire. 12% 12% Pub Srv N I1l..Feb. 2 17% 18° pLN B 2 27% 3% ? L) T8Y ™M 3 201 18% 124 17% Received by Private Wire Direct to The Star Office Sates— Add 00. Open. High. Low. Close. 106% 106% 1% 8% 2 28 12% 18 ! |the year, with iriventory taking in prog- * | the fact that mills and camps were down “|ported still held on the North Pacific | range to go to foreign markets in Jan- W | years One inference that may be drawn IQUIET TRADE WEEK | NOTED N REVIEWS Retailers Reported Prepar- ing for Special Sales. Conditions Improved. Special Dispatch to The Star. NEW YORK, January 3.—Business in the past week sas about the quietest of ress on a wide scale, according to the reviews of the mercantile agencies. The | principal activity was preparation on the_part of retailers for special sales, ac- cording to the reviews, which devote themselves chiefly to discussions of pos- sibilities in 1931. Bradstreet's says, in part: | “There were some rather interesting features noted, one of these in the steel industry, which was down to perhaps uarter capacity, but which noted in | the Central West a disposition to ad- vance shipping dates for sheets, bars and strips. This was attributed to the fact that some automobile concerns were calling for supplies against resumptions { made this wesk or to follow shortly. In | most other industries quiet was the or- | der of the day | “Lumber on the Pacific Coast noted for various periods and only 40 per cent of production reported. There was, ’how:\‘!r. some pre-inventory business in | lumber being done in the Inland Empire area, with prices rather firmer. In the hardwood markets of the Middle Missis- sippi Valley production was at half spred. Large stocks of salmon were re- Coast, with prices of some grades below cost of production. Salesmen Going Abroad. “An_item of interest is the report that more American salesmen will ar- uary than been seen in many from this is that American concerns either see prospects of better business in the year to come in a number of for- eign markets or desire to look these fields over for possible future results. “Eastern shoe manufacturers were reported slightly more active as the year closed and there was & disposition | 1o take a rather better view of the | leather situation. Jeweiry trade reports | were of 25 to 30 per cent smaller sales lin the year just closed than in the | | i preceding annual period.” Dun’s Review says, in part: “The business ~community enters | upon 1931 with conservative expecta- | tions. In its fundamental aspects the outlook has been bettered and recov- | ery, when definitely developed, should be along wholesome lines. An exact parallel with the setbacks of some | preceding years cannot be drawn, for the ramifications of finance, industry | and trade have broadened in marked degree, and some phases have had no established precedent. Gradually and sporadically more encouraging signs | are beginning to appear, but it is es- sential to stress the time element in | looking toward the future. Steel Indusiry. “The current week has not brought any particular change in trend of de- mand, yet this naturally is not al period during which to expect such a | movement. “A new year has begun in the steel industry with promise of an early up- ward turn in the rate of mill opera- tions. That would be a wholly normal trend, and it is especially important now to make allowance for seasonal conditions in As pe pro ther in the final week of December, but January invariably brings a rise, nd there is tangible reason to expect such a movement in the present in- stance, Recently actual or prospective buying has been of a volume to give encouragement, with sizable public and utility projects nearing the closing points,” CHICAGO STOCK MARKET | By the Associated Press. 1 CHICAGO, January 3.—Following is the complete official list of transactions in stocks on the Chicago Stock Ex- change today: Sales in hundreds. 50 Acme Bteel. 50 Adams MIg STOCKS. High. Low. Close. 367, 30, 0 co Kentueky ! dix ~ Aviation el LBE - FWNT SEEE N & kS 5 22ESEB LB, S S o ey # I S ™ Salattitats 553 3ot S2USUSE, 8 L NE LIWSN... ¥ | they act like they do; s FINANCT! - R AL * -7 AND BOND AVERAGES By the Assoctated Press. SATURDAY, JANUARY 3. 22m 2323323 exness mhhdhaadn 2 3 - (Copyright, 1931, Standard Statistics Co.) GOLDEN By PETER (Copyright. THE STORY THUS FAR. In & final effort to solve his matri- monial troubles, Theodore Gatlin adopt- s baby bui all his love for their ter daug o fost hier could not shelter her childhood {rom th er. Mrs. Gatlin spirited Gatlin sold_his busness, Penelope he_lost his life in a motor accident. ‘Some 10 years later. in San Stephen Burt, a rising young psychi trist. was presented with a new timony ourt. doetor's faithful office over cause d boiled exterior. Her eriminal reco: Burt's clear explanation of and she was sent to San Quen- i ry for iwd years. jance nurse. Was W te Napce's hard- out- ersuad- P hich helped her INSTALMENT X. E chief smiled. “Of course I know that hypnotism is being | used by advanced psychiatrists | and particularly by Mor! Prince and Willlam McDougall. | I've read their books. The modern chief of police isn't modern, Doc, it h; isn't a pretty good lay psychologist an psychiatrist. 1 dom’t know what u“ criminologist is, but I suppose he's a bird that studies the criminal ch.Innl and tendencies of criminals and iries | to reduce crime to its lowest common divisor, ~ That's the bunk. The thing yw their minds a v] to do is to kno o G| criminology be- to De. what makes them go, comes & dead science. wyes, I know all about hypnotism | you've forgotten. on a patient ‘powerful and I know :’lm!th;u;‘twn ‘our_power of sug n rn thewzypnoue state isn't 3 enough to make him steal or comm! murder if he's an honest man. His acquired instincts of morality, which lie in his subconscious mind. are w; strong for you. And the most powerful acquired instinet in the mind of & crook is that he mustn't squeal. 's his idea of immortality! You try it on Nance Belden and she’ll tell you almost anything but who her friends are, wher ve ane ‘h"'}\'vle‘“.g we shall see—at another tlmde. ‘Meanwhile, what are you 'laln( wh lo with this girl? You can't keep her here, because that’s dangerous unless you have her watched. And whom can You trust to watch her?” ’ o ibout Lanny? "‘li:x‘\’n; is my office nurse and I can-, not get along without her. She’s under | suspieion now and we've got W,&fll that. She'll be watched, will she not? I suppose so. Even if I pass the word to Jay off her, I can ne::; be sure one of my men wohth:n “ her independently. On & case where big feather in his cap and mean a lot publicity to capture a celebrated criminal, lots in seci e e must not. come to your house again. And yet this girl must be ’ked somewhere until her wound )s, She's suffering from the shock of this emotional e nce m,flm; Jost considerable blood and suffere som rln for five hours she’s suf- (erz: rom o . Her garments are soaking wet. b to tell those men to !{: m‘h.l’mluthlnl for her to hop into, once she aboard the boat, my heart will just t break. That would be one flaw in a perfect job—and I ra strode into the ] re Nance lay with her hand in rmnwm’ = “why didn't you tell your friends to bring you some dry clothes?” | “He of dicks prefer Tet.” > DAWN B KYNE 19300 “Come on, doc. Il go to your home with you and pick these birds up. “No, you shall not. I wouldn't turn those two men over to you for $10,000. They're too—-" “Yes, they have guts. They can be trusted on a particular job I want to |put through. Word of honor. Steve, Tll not pinch them. I just want to talk with them.” A _block from Stephen's home, Dan McNamara got out of the doctor's car. He had already received from Stephen Burt a description of the ground-floor plan of his house. And Stephen had agreed to leave his latch key under the mat at the front door. The chief watched Stephen put up his car and enter his home. A lght was shining in the entrance hall. and this light Stephen, in accordance with the chief’s instructions, switched off. In about five minutes the chief saw this light switched on and off twice. ‘That meant the doctor had received another telephone message. Then the light was switched on and off 10 times. ‘That meant the patlent woud arrive in about 10 minutes, so Dan McNamara hid himself in the deep shadow of a tradesmen’s entrance at the side of a house across the street and walted. In 10 minutes almost to the second, a car, with drawn curtains, drove up |to the house and two men got out. The chief could see that one of them had to have assistance, so the driver got out and helped the other man half drag, half carry, the wounded man up the steps. Stephen opened the .door and the three men entered; immedi- ately Dan McNamara ran across the street and up the front steps behind them, found the latch key under the mat, opened the door and stepped in- side. He could hear voices in Stephen's reception room, 50 he drew his pistol and stepped silently up to the entrance of it. “Put 'em up, boys,” he ordered cheer- fully. He drew back his left lapel and | revealed his blue and gold shield. ‘“No necessity to argue in the smoke. |isn't a hanging matter.” He forced the two unwounded men | to stand with their backs toward him while he ran his facile hands over their persons and relieved each of a pistol. | He “broke” both guns and placed the | cartridges in his pocket. | “I beg your pardon, doctor, for en- | tering your unannounced, but | you left your front door unlatched and I couldn't resist. I had a notion these men might call upon you. Just & hunch because the warden tipped us ‘This off to watch the home of nurse, Miss Lanning. So, while watch- ing the home of the servant I concluded to watch that of the master, also. Sit down, boys. Never mind us, doc. The man on the table needs all of your a | tention. Fix nim up nicely and let him t lie there until I come back. He can't run away, and if he tries don't you let him. ‘You other men come with me down to the central office till I see if we have any- thing on you. I don’t appear to have he honor of your acquaintance, but we'll look the rogues gallery over and compare fingerprints, While there’s life, there's hope. “You're all wet, chief,” the driver of the car replied pertly. “Perhaps—but not as wet as your friends.” And McNamara chuckled at his little joke. “You can't do 40 an hour through the tide-rips off Alc: traz Island without throwing some open fireplace in Stephen saw retending they had not In the It’s all set.” “I want to warm these boys up and dry them out. They did good work this afternoon and they deserve good treat- ment. Drop that wounded man long enough to dig up a couple of stiff jolts of spiritus frumenti for my lads, will you, doc? I always warm a cold man from the outside and from the in side out.” “Thank you, chief,” both men mut- tered. The three retired to the drawing room and the chief tossed one of the men a box of matches. “Fire up,” he com- manded. “Then draw yourself up to the blaze and drink the grog the doctor will give you. Where's your pal hit?” ,. SHORTAGE OF CORN DECLAED SERILS Trade Authorities Expect Values to Be Affected by Small Receipts. By the Associated Press. CHICAGO, January 3.—Corn shortage, temporarily belittled by employing low= priced substitute feed, is now reported by trade authorities as promising to be felt more and more hereafter. Receipts of corn have dropped off abruptly, and the market has scored sharp rallies after a downward plunge of nearly 40 cents a bushel. One of the main reasons given for renewal of strength is lifting of Federal food rostrictions on sugur corn, a product which during recent years has been in biggest demand from illieft distillers. Compared with & week ago, corn val- ues this morning were 41,a5'5 cents higher, wheat unchanged to 275 cents up, oats, 1%al¥% cents advanced, and provisions varying from 2 cents decline 1o a rise of 6 cents. Future Contracts Retired, Friends of higher prices for corn con- tend that this grain has suffered more from adverse conditions in business, stocks and commodities than from any lbtar‘ h developments in reégard to eorn e It 1s asserted that during the drastic decline of corn prices many hoidings of future delivery contracts carried since the drought damage cit:ment of last July and August have | been cleaned out, that the breiks in the i market have improved demand, and that farmers have quit offering. it 1s added that for some time corn has been out of fne with hog values, and that this is a condition usually of short duration. On the other hand, acting against upturns in the corn market is the ab- inormal position of wheat, with Liver- rool wheat prices the lowest since Eng- land, politically and economically, was dominated by Oliver Cromwell and the Ironsides. However, with the thres coldest and stormiest months now ahead, the period of heaviest feeding, the corn market at times is displaying increased power of leadership. Inci- dentally, it is pointed out that a Gov- ernment survey shows 2.4 per cent in- crease of pigs in the 12 corn belt States, where the corn cr"? is 350,000, els short, compa: with a year ago. ‘Weather Conditions. The outlook in regard to moisture over the domestic Winter wheat belt is attrecting attentidn, but it is generally jconceded to be too early to put much emphasis on this condition. Neverthe- less, one of the largest houses in the grain trade reported today that to a gen extent the drought conditions of st Summer have continued, with little adequate relief, thus far into the Win- ter. Coplous Spring rains can cl this situation, it is noted, but possib) not before serious damage is done. In the oats market a feature is that re- ceipts continue extremely small. oV owe their firmness largely to indications of diminished arrivals of hogs for the near future. 7 . Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., January 3.—! tatoes, white, 100 pounds, o beans, 6.00; beets, 100, 2.75a3.00; 20.00a22.00; carrots, caulifiower, crate, crate, 1.50a3.00; 2.50; kale, bushel, 1.25a1.75; bushel, 50a1.00; ' tomatoes, 2.50: turnips, bushel, bushel, 50a2.00, - per box, 1.25a2. cranberries, box, 2.75a4.00; grapefruit, box, 1.50a2.75; oranges, box, 2.00a4.25; tangerines, box, 1.00a2.00. Dairy Market. Poultry, alive—Turkeys, pound, 35a 38; old, 30a32; chickens, springers, 23 a26; Leghorns, 18a22; Bareback, 4; geese, 16a22; guinea fowls, pigeons, pair, 15a20. Eggs—Receipts, : nearby firsts, 32; hennery whites, firsts, 34a 35; southern firsts, 30; current re- ceipts, 30. Butter—Good to fancy creamery, pound, 31a35; ladles, 28a31; rolls, 18a 20; process, 28a29; store packed, 13al4. MARYLAND BANK PAYS 12 1-2 PCT. DIVIDEND cabbage, .'M- 100, 2.00a4.00; 2.0082.50; “| By a Staft Correspondent of The Star. UPPER MARLBORO, Md. January 3—Enjoying a record year in spite of adverse business and climatic condi- tions, the directors of the First Na= tional Bank of Southern Maryland have declared an annual dividend of 1214 per cent, The dividend was pay- able December 31. In 1929 the bank paid & 20 per cent dividend, but during the past year the capital stock was doubled, so that the 1930 dividend represents an increase of 21, per cent over 1929. The annual meeting of the ftockhoid- k will be held January ers of the banl B aammonBanom tomums s 2222 2RKK| i 2835 S anaet i ., TADOT. 13, when the Board of Directors of 1931 s I'm & nut after all, Lann: ::“:o‘xm 1 wouldn't overlook thal I changed my clothes, but when we crossed the bay it was rough and there was a police boat on our trail. He had to outrun them—and you do 40 miles an hour through a mile of tide flp’e and you'll all but drown in the spray. “Thank for th;l."( fi’y‘flu sz‘fdf ured. “I'm proud of yoi ;’:‘:‘a:mlmnds. Nance. I hope neither of i :tmfir'&hb-mt fraction of & lflirmd Nance hesitated, then answered ‘No, they got through all right, but why they did is s mystery, The boat was rid- lled.” “ Dan McNamara came back into the living room and on his heavy face was the faintest, most cryptic of grins. “I'm going to get cne or both c Nance's friends, Doc,” he exulted. of them was hit, and he'll have to have medical attention. Not that I want to Iand either one of them for this job, but because I want to give them the once- At that they might be somebody we're looking for.” 'Did Ni l:l‘et tell you one of them had been hit? “No, but she hesitated half a second when she told me neither of them had been hit! She never hesitates ordinar- ily. Her co-ordination is lightning fast —well, you get so, Doc, that you know ‘when they're lying. Go to the telephone, call up your home and ask if you've had any alznnom calls within the past Stephen obeyed and was informed o M E% 52823222882 222238! Loew’s Inc deb rt. Loew’s Ine war). Long 18ld Lt (56c) Long 1sl cu pf B (6 tes in dollars based on last quarteriy or semi-annua dividend. {Eartly exira - $PIs 4% 10 sCock. h or st b Payable i nek. .A‘dlul‘m!l" % In ock. n tock. & Plus 6% in stock. h P Vit 0% otk m Blus % i Why detall, - divi- EACEEE 0% 1008 100% in stoc AUTOMOBILE PLANTS TO RESUME OPERATIONS | By the Assoclated Press. NEW YORK, January 3.—Varlous automobile manufacturers plan to re- sume operations shortly after their an- | nual inventory shutdowns, Assembly lines in the Ford Motor : 's River Rouge plant, at Dearborn, S Mich., in " 30 branch assembly | 387%. |plants throughout the country will re- 290 sume operation Monday after a shut- down of two weeks for inventory. In addition, the body assembly, enameling department and a part of the foundry machine shop will begin operations at the River Rouge plant. Other produc- tion departments will resume Janu- 12. %z Buick Motor Co. already has re- sumed production after an inventory shutdown and has added 1,000 men to the force, bringing the total to 4,000. ‘The Olds Motor Works plans to in- crease its working forces within a few days. Bhlfl:nenu of new models al- ready are being made to dealers. |CARRIER STOCKS HIGHER ON RAIL MERGER PLAN Special Dispateh to The Star. NEW YORK, January 3.—As its de- talls are known, the scope of the|&h. castern rallroad consolidation enlarges fot, A 7. ane poss| les for econom; Tour controling lines selves om ihe General Theators Hquls, imagination of traders who could not gr-nl ’l'nl‘nl Canads sell the stocks of these roads fast enough | Guif OIl of Ba or in lent amounts a few weel ago. - The merger takcs care of many independent lines that previously had safe harbor o 102 30% I Plus in | 2% In stock. 100% | n'Pivs 8% in stock. 5 Z222ZR 3335 EEEE oggEgifi 3 5 FOREIGN EXCHANGE. (Quotaticns furnished by W B. Hibbs & Co.) PRFTE GRAIN MARKET | CHICAGO, January 3 (Special).—The | wheat market was fractionally lower |at the start today because of disap- | pointment over action of the Liverpool market, but jces rallied almost im- mediately on buying caused by strength in Winnipeg. March old opened 795, May old, 81% to 81; new, 813;; July, 6514 to 65. After the first half hour March old, 79%; May old, 81%; new, 81%,; July, 66%. Corn followed the action of wheat. 7M0-Jch old opened 697 H ) &5 I 5 atawtiital Fa & F S TN 3 28 93 s 4 o 0 a0 10 B2 E o, 335 3 s London, pound Paris, franc... Brussels, Berlin, Rome, ' 1i o9: s nsull Ut p 10 Interstate Pw 75 Iron Pireman ... jeflerson 2, 228328332223 23 20209283328 3888% = RN 3 .,;’W G+ EEELS 32 3 2 1 Y - 2 2.8 Deseta achiliing . pen: 7 b o] Tug o i ) ELLEEE sun" Lo, uErad e = n2 332! s s 53 ess2ag58Es St RS x 25 3 aw. zioty ...... Copenhagen, crown. . Oslo. crow] 2 Stockhoim, L o e o> o8 54 P crown. > TREASURY CERTIFICATES. (Reported by J & W. Seligman & Co.) Rate—Maturity Bid. fer June 15, 1931 100953 ::c: une 1 ’j Bith 100 1 !2 i 44 BALTIMORE STOCKS, Special Dispatch to The Star. BALTIMORE, January 3.— £ €™ 5 o 0 24433 BuwBEE 328a & F Ll Sev T anuary, old n ne 222! 33 H 55 CE3 4 o aan0 2adt 70%; new, 703;; May old, 71%; new, 72%; July, 729, Oats followed other grains. May old and new opened 337% fo 34. After the first half hcur May old, 34%; new, 3444, Provisions were steady. 24 552 £ S5 g, F55 25 3 “Top of the right shoulder, calf of the | will be chosen. left leg and biceps of the left arm.” ‘Tha First National Bank of Southern “So he's the chap that dragged Nance | Maryland was organized as a State bank out of the water, eh? He was in the|in 1897 and converted into a national rear cockpit, but you were up front|bank in 1900. 8 grl]vinxm the boat. There ars 42 lmlll:t s e oles e rear of that boat.” He sighed. These machine guns certainly NEW YORK COTTON spray things. You didn’t drop your own machine gun overboard, either. They're| NEW YORK, January 3 (8) ) — too valuable and hard toget. A Thomp- Following Friday's active covering move- son, I suppose, A Tommy gun and a ment there was very little selling pres- Tommy man! Visiting brethren—from sure in the cotton market today and Chicago, I suppose. That's why we Drices advanced 10 points further, clos- haven't met before. Pardon me a min- lns_ht best prices of the week. ute while I look for the Tommy gun in | e improvement in outside markets your car. And if you want to die in a and absence of any pressure from hold- hurry just try beating it out the back €rs of spot cotton in the interior stim- way while I'm gone.” ulated covering operations and scarcity He returned in less than a minute Of contracts advanced May above 101: with the one-man machine gun in his cents, with final quotations 10.55. Spots hands. “We've got Nance Belden where Were advanced 15 points to 10.30. you dropped her,” he announced. “So| Cotton range: while you're lapping up that whisky tell | me all about it.” 3 “So Nance told you where to look for for us, eh?” The man who had handled . the motor boat spoke with withering Julv, contempt and_hatred. Instantly Dan Detoner McNamara cuffed him viciously on the side of the head. “Apologize for that,” he roared. You're 80 damned crooked you think Business Noies everybody else is, too.” The man mumbled an apology. “No, Nance didn’t tell me, you rat," B the Associated Pr McNamara went on, “and I didn't ask | NEW YORK, January 3.—] her because I knew she wouldn't tell.|orders for promotional But I did think she'd tip you off to call | concession prices are reported by resi- on this doctor. You dropped her at the | dent buyers in New York. The orders that a man, who refused to leave his | home of his office nurse. I put two -nd]-re regarded as the precursor of a great name, had called up three times and |two together and decided to investigate,) deal more buying of this type which is - had left word he would call again; that all by myself. And here we are. Got |expecied to develop next week and in he had very anxious to w lnynldel why I came alone?” the week to follow. Noo doctor would return. .’ P knew it.” Dan Mc-| “Because I wanted to save you from| Little interest has been exhibited in the consequences of the fob you pulled noffefrous metal markels 1n the past off this afternoon. I'm in 8ym; ‘with - ]| St s T s Fn ety it | thie Tesult that the ‘of sales of lden isn SHORT-TERM SECURITIES. (Reported by J. & W. Sel ) y sman & Oo for mail lise at o Ex88.cB-unue . Bmwatls Smaal S &3S B & L £ upt Co- delity & Guaraniy. Maryland Dairy pi E % BONDS. 000 United Rwy. & Elec. 1st 4s. —e POTATO MARKET. CHICAGO, January 3 (#) States Department of Agricul estern 3382 PESS & you y the game J;umn":m: you. Double-~ k | cross me and I'll hard Y terminal ml:n:'muflnl’xm ;n:': Be Peard l::? fi“p'agfiey%‘:n long dm"" promises are held out in the way of Do hige A 40 be continued.) 5 Since the merger plan was announced ‘Tuesday, the stocks of the four main systems have appreciated about $1325,- 000,000, with gains in other carrier shares sufficient to recover over half the total December loss. E = I8 58 (United ture).— 223823 » is equipped with & ter for the entertain their families. 354 22883 mgegnagssarss e nsin, round No 1T soa1 50 Now s 135a1.40; Goto: rado ‘McClures, 1808195,