Evening Star Newspaper, January 11, 1931, Page 60

2 FINANCIAL, THE SUNDAY STAR, WASHINGTON, D. C. JANUARY ll! 1931—PART SIX. FINANCIAEL. RSO END [ e January 10.—Probabil- ORK, fhich many ’xfe'ufi.' "wfi'x'“’fi‘ e, tompurary, . WEEK ENDING JANUARY 10, 1931, stressed in commission house 8dvicss 1o s Date stock market customers today. Averageprice of ‘80 stocks. 177.20 172.89 156.56 138 ions follow: Same period & YA’ &F0...cecaueeave--... 209.88 202.95 Checker Cab Mfg (1.80 Pask & Walbridge—A moderate cor- ek Ty Ches & Ohlo (2% ) it | rective setback appears likely and would | Tota saies........... ot ek Market Closes Week With)pective sethack appram Dhely B0 meri- | aors sles... yoar axo R s ally. We advise reasonable profit-taking § 1930— net i because we believe that a further period | Hirh. Low, Steck and dividend. . Lew. Olose. Sentiment Still Hopeful | betuse we nelieve that a further pe . vimt. ek tay. Ol Z the next two months, and should pro- Fogltr of Trade Gain. vide attractive buying opportunities for R i profit later this year. Speculative forces, 100 100 at the moment, are evenlydblhneedu nn'g am a b 18 19% the market could respond promptiy 8314 A:Lf:: 2:: n‘;-ifi?l‘:::r. unexpected news developments. 21 Adama Miitis (3) 224 — 25 ] FEEEER 1 4% 6% 45% 25% oo 9 Murray Corp (b2% Myer (F E) & Bros (3. 1++ Granby Consel (2). Grand Silver Strs (hl1).. o FESEEF Chi & Northwn (4). Chi & Northwn pf (T’ Chicago Pneu Tool Chicago Pneu T pf (3%) Chi Rock Island & P (7). Fl+4 b4+ g 105-Tha R 24 Addresmogr Co 1.4 2 22 NEW YORK, January 10— market again found ftself in strong +hands at the end of the week today. Despite the active selling movement which developed late yesterday, the list /stiffened soon after the start of today's ghort session and while the advances ‘were narrow, the closing tone was firm, The list was helped by a retreat of the shorts in the chemical issues, and ex- “ pectation of a favorable United States Steel tonnage report at the close, an +‘expectation which was not disappointed. +“Trading was light, the transactions ag- ~gregating 800,000 shares. Gains Recorded. Allied Chemical regained half of yes- terday's 9-point drop, and shares clos- ing a point or two higher included United S'-Iul Steel, Republic Steel, American Tobacco B, American Woolen Shares, Mathieson Alkali, Nash, Loew’s, . Eastman, Sears, Penick and Ford, Gold Dust, Continental Baking A, New York , Central, Rock Island, Union Pacific and | Baltimore & Ohlo., A few of the rails ran into profit taking, however, and ‘Lehigh, Norfolk & Western and Lacka- wanna lost about 2 points. Smith, Graham & Mwel;;lsulu.sh nt: are beginning to pear. ml'haml’k’t is thin and only small risks should be assumed on long positions. The trend appears to have turned down again. Redmond & Co.—We still feel that another effort may be made to test out the December lows within the next few weeks, glmcuhrly if the trend of Epnnfil usiness is disappearing. On the other hand, if the recent improve- ment in the steel industry and a few other lines continues, the December lows may mark th: bottom of the bear mar- ket. At the moment, it is still any one’s guess, and for that reason we continue to advise a cautious investment and trading policy. Jackson Bros., Boesel & Co—We are in favor of adhering to a policy of conservative Dfitlmhm with respect to :fiuflm in the stock market, but feel t the extent of the recovery from the December lows has been of sufficlent. proportions to emphasize the need of temporary correction. Hornblower & Weeks.—It is our belief that the market will probably steady it- self in the early part of next week and move gradually forward. 87% Air Reduotion (f i %) 6% Airway Elec Ap (60c) % Ajax Rubber 4% Alaska Juneau(40c) 220 212 Albany & Susque (111). 164 6 Albany Perf W Paper 35 5% Allegheny Corp.. 107% 36% Alleg Corp §30 ww 5% 99% 374 Alleg Cp w $40 wlr{“‘) 72 40 Alleghany Steel (12.80), 343 1704 Allied Chem & Dye (n8). Allied Ch & Dye pf (7).. 81% Allis-Chalmers (3)..... 11% Alpha Port Cement (2). 16% Amerada Corp (2)....., 1% Am Agricul Chem...... 17% Am Agricul Chem pf... 17% Am Agri Chem pf ctfs. . Am Ag Ohem of Conn pf. 45% Am Bank Note (13)... 60% Am Bank Note pf (3). 24 Am Beet Sugar......... 8 Am Beet Sugar pf....... 30 Am Brake Shoe (2.40)... 128 118 - Am Brake Shoe pf (7)... 1 21% 6% Am Brown Bov Elec..... 84 38 Am Brown Bov Elpf(1). 156% 104% Am Can (5)... 150% 140% Am Can pf (7) 824 24% Am Car & Fdy Am Car & Fdry pf Am Chain (3).. e R AL TR s AR T b - 3 Chi Rek Isl&Pae pf(§).. Chi Rek Isl&Pac pf(7).. Chicago Yel Cab (3) Chickasah Cotton Ofl... Childs Co (3.40).. . Chile Copper (2). Chrysler Corp (1) City Ice & Fuel (k3.60).. City Ice & Fuel pf (§34). City Stores (50¢). City Stores A (3%)..... CCC &St Louls pf (5).. Cluett Peabody (3). Cluett-Peabody nf m ) Colgate-Palm-P (33%).. Collins & Alkman. . Collins & Atkman pf (') . Colonial Beacon Ofl Col Fuel & Iren (1).. Colo Fuel & Ir pf (8). Columbian Carb (16 Comm Credit (3). Comm Inv Trust (g’ Comm Inv Tr war sta. Comm Solvents (31) R R e | ssexf F 5 552 TFEVIFeEFRRss FUIEH 41+ #1++++44+0 Grt Nor Ore (2).. Great Western Sugar. .. Great Wast Sug pf (7).. Greene Cananea Cop.... 2% Grisby Grunow... ..... % Guantanamo orthi Gulf. Mobile&Nor pfll). Gulf States Stee] Hackensack pf A (ll)-‘ 4 Haln Dept Stores. . Hahn Dept Stra pf(83%). Hall (W F) Print Co (3) Ham Watch (11.95) Hamilton Watch pf(8).. Hanna pf (new) (1) Harb Walk Ref (2). Hartman Corp (B). . GW) Gn Hercules Powder (3). .. :l!.reulu Powder nl('l) PEs5ee 27 Idd++ ++ 1444 4 4444 i+ +441 0+ 5 FF Fix Vil 44+ o ¥ F ¥ - 1 i - ¥ Natl Lead pf B (6)..... Natl Power y 106% Nat Supply pt ( 35 Natl Surety (5).. Nl"or!Cl A@). 11% Newton Steel. 21% N Y Air Brake(2.40). 105% N Y Central (8). . kil N!Chle-‘o&!llo ). 22 NY Dock. ceane 152 9 A e P T Y P I AT AT Pl Tl R R st EELrEIeE 4 30 +4 +4 b+t United States Steel’s llin of 303,960 » 3 Am Chicle (13)... during Decem- e was beter s sxpeced. mow 7o:| PRICE CHIEF FACTOR Am ot s g s famn ot wows o sonooo | IN BOOSTING SALES 'Nmrmm-mlxndunrynl- e Tl o m&-moi'%“m?h; Survey Indicates Early Part of Present Year Will See Gradual operations o Z k' m Business Gains. aggregate ln in its outpul as mel'l‘eh 1‘:1 cent. In the main anu resumption of | Sales executives can anticipate dur- A B | P tw acly. montis of 1151 s grady- Am Locomotive (2). echud ally ‘expanding volume. of busingss, Am Locomotive pt (1) contrast with the last quarter of 19!0 Am Mch & Fdy 1.40. 3 says the Standard Statistics Co., in Am Machine & Metals. . mw' wfi m nod: Publishing the Tesults of & country-wide 4 Am Metals&Min (1).... lulg‘;y of nluflprr:sp:cu. i Am Nnun}‘an oL (T)es consol oun-wvn !hnt enuous efforts by sales managers Am Pow & Lt (1).. 2 e 1‘,‘{";.;":’.’.{,“ will be required to overcome continued Am Pwr & Lt pf (6) tm the renewal of of an |Strong consumer resistance, and price AmP&LLPLA (4). will be the paramount factor in most Am Po & Lt pf A sta(b). transactions. ~ As compared with the Am Rad&Std San(1).... opening months of 1930, aggregate busi- Am Rad&Std San.pf (7). ness volume in the initial quarter of Am Republics. ... . 1931 z robably will experience a decline Am Rolling Mill (n3)... of at it 5 per cent. Conditions, of course, vary widely in the different sections of the country, and recovery from the current depres- 4. in llon doubtless will be extnmly lmm- Am Smtg&Ref 24 pef). A short appraisal of prospects in Am Smelt & Ref pf (7). n.rlmu major areas follows: Am Snuff (133%)..... )llddh Afllnfic S:I&—lnmllnl 2 activity = expected ln 1931, l.lumh p|llhnunz ly flll at least 10 per Am Stl Foundries pf (7). um unfle; those of January and Feb- Am Stores (12%)...,0s. !ouflll"Aumuc States—A drop of ’0 Am Sugar Ref pf (7) D o per cent in value of cotton 26/ 5 Amlumlul‘l‘olz‘m cent reduction in Am Tel tobacco brought 1930 farm income to a level 22 D.l' cent below that of 1920. Am Tobaceo (5) Sales during the first quarter of 1931 Am Tobacco B ( will lll:ly hll z least 5 per een! to. Am Tobagco pf ( r 1930 months. Am Typefounders ( Am Water Wks (3). AmWW&E 1st Houston Oil (new). . Comwlth & Southn (§0e) Howe Sound (1) % Qooutn & Boutha ot (8)... um-Nairn Conxn s Cigars (4) Consol Cigar (5). .. Consol Cigar: ( 7% Consol Film Ind (3) Consol Film Ind pf (3).. 44 Norfolk Southera. . 8% l;:u hor{oll&“’-llum(fll) 208 Norfolk & West pf (4).. 89% 4% North Am AViation..... 1. | 574 North Amer (b10%stk). 1704 .51 North American pf (3). b4 28% North Ger Lioyd (3.43). 29% 86% Northern Central (4)... 874 42% Northern Paeifie (5). i41% Northwestern Tel (3) % Norwalk Tire & Rub. 16 Ohio Ofl Co (2).... 1% OliverFarm Equipment. 12% Oliver Farm Eq pr pf... 2'4 Oliver Farm Equip ev pt 2% Omnib ERFRESSEEF SR s¥"s¥s Hudson Motor (3 Hupp Motors. nllm- eua\nl « Ind! Swn - Esslr Indus Rayon (4). Ingersoll Rand (1 Ingersoll Rand pt (6) I[nland Steel (4) “ 57 .83388 000855, Frerf sss .-y De ) ansh ct l(l(dl 60e. rboro Rapid Transit Intercontinental Rubber 4 Interlake Irom (1). % Int Agricul Chem - Tl+4+444 +1+14+4+44+++41 144444 FE ¥ FHidtr bttt el bbb+ ¥ $3%5%58 3 197% 131 19% 8% 8% 49% - EEFEE 3% Pacifio Coast. ., 6 Pacific Coast 18t pf. o, Bacific Coast 24 pt. (BEE 2] ley Radio. Cr Cork & Seal 2. Crown Cork&sS pf(2.70). Crown Zellerback.....,. Crucible Steel (5)....., Intl Harvester ot (7).. Intl Hydro Elec, A (e3) Intl Mateh pf (4) Intl Mer Marine Intl Nickel of Can (. Inter Nickel Can pt (7) Intl Paper pf (7). Intl Paper & Pwr A Intl Paper & Power, Intl Paper & Power C Intl Papr&Power pf ( Intl Printing Ink. ...... Intl Rys of Cen A, T s 3 Peerless Motor: 26% Penick & Ford (1). 27% Penney (J 8) (3) 90 Penney (JC) pf ($).... 2% Penn Dixie Cement, . 16 Penn Dixie Cement pf. 53 Penna Railroad (4) a0 FEES FEEFEFE FEREEF Fraz [ I e I o S S S A S S S S B A S I S A | - e Prod & Ref. . 34% Paramount Publx (4).. 5 Park& Tllford - PRI A RS o S T T ST LRI SO s T T4+ #0144 £ e 2 FFx ru-aleBeRELE 5. NS ; sagsytedpirs. s tdddtttt +414444 14341444 ]4 4 444+454434+ + I+ 14441 +4++44444 P44+ ++ Curtis Pubishing (11).+ Curtis Publsihg pf (1).. 1 L3 - 8RR . £ M Cushman’s Sons pf l'l)- . Cushman’s Sons pf (8).. Cutler-Hammer (33%) Davison Chemical Deere & Co pf (1.40). Del & Hudson (9) Del Lack & Wn (§) . Denver & Rio Gde W pt. Detroit Edison (3). Devoe & Ray(1.30)) . Devoe & Ray 1st pt (7). Diamond Match. . . Dia Match pf (1.50) Dome Mines (1) Domn Stores (1.20) Drll Ine (4)... Ansconda Copper (l % Dul Atlantie, & CHICAGO DATRY MARKET. iy f vl g..n 8o 8h & Atiantie 5. 43 un| nternatl....... cn;&A?o J:In':nry 10 (P).—Butter, o Dupont de Nemours (§) ‘extras, score, 37%%; mnflm% 14 (; du Pont de Nem pf ( nr 21; firsts, 9091 Armour of Del pf (1), Duquesne Lt 1st pf (5. ‘Armour of T1] Class A. Durham Hosiery pf. Eggs, ‘w 7,754 cases; easy; ex tra Brsts, 36; fresh graded Arats, 34; firsts, raf +++ =& Investors Equity. Island k Coal (4)... Island Creek Coal pf(8). + - H 2358, F7 sPREE sx" pese"wa2"R # seseaFe "R 76% Pere Marquette (18). 5% Petroleum Corp (1%).. 19% Phelps Dodge (2)....... 50% Philadelpbia Co 6% (3). 95 Phila Co pf new (6) 6% Phila & Rea e e S 7E I ol 103 - ¥ r il B ¥ T4+ 1++++7 44 +H++ 1+ ++44++1010 R O O B B R R L FeR 2afsese FROPEas V" "+ - 41 26% Pillsbury Flour (3) I:h Pirelll of Italy (a3. 1 Pitts ++ Armour of 11l Class B, Eastern Rolling Hllll 19a21; Eastman Kodak ( 17; refrigerator extras, 18 Hastman Kodak ot (8. AND BOND AVERAGES Eaton Axle & Sp (1.60)., By the Asscciated Press. SATURDAY, JAUNARY 10. 1441 Puxfus 285 #"xx ¥F 9% Pittsburgh United Corp. 86 Pittabgh Unit Cp pe(1) .. 48% Pitts & West Va (6) 18% Pittston Co (76c) 10% Poor & Co (B) (2) ¥ bt TP Atch Top & 8 Fe pf (5).. Atl Coast Line (110).... Atl Gulf & West Ind (3). Atl Gul&West Ind pf(5) Atlantip Refining (13) Atlas Powder (4)..ee Atjas Powder pf (8. ‘Atlas Stores (n1). Atlas Tack. ... Auburn Auto (£4). Austin-Nichols. Austin Nichols br 4 (l) v Austrian Credit (3.82) Aviation Corp of Baldwin Loeomo (L8, b F5 xe""" ¥ epe¥ # 3 pt . Eleo Pwr & Lt pf (1). Blectrio Storage Bat, CET DT T FEFFE # Lehigh Port Cement (1) Lehigh Port Cm ptf (7).. Lehigh Valley Coal Co.. Lehigh Val Coal pf (3).. Leh Valley (3%). . Lehman Corp (3). Lehn & Fink (3) Libbey O Ford Glass.... Liggett & Myers (15)... umn:‘)g:-;(&l)). Liggett . . % Lima Locomotive. cveses Link Belt (2.40) 11% Prairie Oll & Gas (2)... 16% Prairie Pipe Line nl).. 8% Pressed Steel Car. FE TEH ii R R R R R R R T ) R S O S 107% i : B I o o o | B o S A S T [ IR S T i i ; 804 Pul ot 5%) nv. anlt Office ma‘ @%). l'l ::Illlm‘ll(”“). IR]"‘(‘)...-.. Vacuum Cleaner 4 lvnlAllolMllt '21% Bxohange Buffet (14).. Fatrbanks Co... i i s % Punta Alegre S.gar % Punta Alegre Bugar ctfa ® T se2¥sx REY H : »t Fed l(ator Truck (800). . Federal Screw (1).. Fod Water Sve A (: 10). Dept Bayuk Cigars 1st pf (1). Beatrice Creamery (4).. gy g0 haoweuge L upal, i i s R E T T eman ¥ 16% .Raybestos Man (2.60).. 21% 73 Reading Rwy 96% 444 Reading Rwy 1stpf (3). 46 46 Reading Rwy 24 pf (3). 46% 223% Real Silk Hosiery(3). 27 % Reis (R) & Co.. 8 Rels (R) & Co 1st . 14% Romlnl!.l Rand (1. l). 84 Rem Rand 1st pf (7). 96 Rem Rand 24 pf (8. 7% Reo Motor Car (.80, inh Republic Steel 1 ingway. Belg Nat Ry pt pr(5.61). Bendix AVIation (1)+.s Best &Co (3 Bethlehem Bethlehem Steel Df (l)- . Blaw-Knox Co (1%). Bloom:ngdale Bros. Bloomingdale Brs pf (1) HOW IS BUSINESS? SR Booth Fisheries. Booth Fisheries 1st pf Borden Co (k3). Showing Current Business Activity Compared With S8ame Week Last Year. Borg, Warner (1). T3 382 “xitess"3ile suasr dazaiis - 2 S o #EEF 1) numn T & R pf(6).. First Natl Stores (33). sk Rubber. Ludium Steel pf (63) MacAn & For (2.60)..,. (Oopyright. 1931, Standard Statisties Co.) S - EER FEF ¥ + ot VI I+4 L4441+ ¥ 14444 !"i"‘;"‘i’i“i §’ e TeeBapsFeBF Be"eeTER Ve © ex Florsheim pf (). Follansbe Bros (1 a5 H 1+ v es ¢ FerRER Ity McKeesp T P (N%)‘ McKesson & Rob (1). McKessn & Rpf A(3%). % McLellan Stor Franklin Simon pf Mack Trucks (4). Freeport.-’ & Co (n' Fuller Co pr pf (7). e Gabriel Co (A). Gamewell Co (5)eveseen P44+ 33 o FE EF PEERPFRELEEEELETLS ¥ ere Cop & Br A (6. 30 Reynolds Metals (2). Reynolds Spring..., 70 Reynolds Tobaceo A (! 40 Reynolds Tobaeco B (3. 4 Richfield Ofl § Rio Grande 26% Ritter Dental R e e A R AR A IR = D S N o I o S Ar S 1+ Y Fes” ) £ +1+++ ¥ CY PR 1 I?ls lil:-;cEEifi’ R e o S SR ‘eway 19% St Joseph W (2). 39% St Louis& San Fran (8). 62% St Louis & San ¥ pf (6). 17% St Louis Southwestern. 35 St L Southwestern pf. 12% :v- e Arms (n. Marlin Rockwell (14 Marmon Motor Car P we » FEPE PEFTEEFESELS VU4 ++++++ 41 +4+ ++ - x Burr Add Mach t1%. 21% Bush Terminal (3%)... 24% 97 Bush Terminal deb (7).. xo?u % e N = aw & H.lf.hlu.l Alkall pf(7. May Dept Stores (n3) Maytag Company.. i ke Maytag Copfw w (¥ Maytag Co 18t pf () . Melville Shoe (2)...4... Mengel Co (2).. .‘ . Metro-Goldwin pf(1.89). l(unnl-bnrd...‘. . Miami Copper. . Michigan Stesi (2% Mid-Continent Pet m Midland Steel (3 287 me pf (3%) Midland Steel G) (11%).. MilEl Ry & Lt pf(§). Shell Transport (a2.43). Min Hon'w xo: (vl). tee . B% Shell Union OIl. ‘55 Shell Union Of PEE%). 4% Shubert Theatres. 11 Simmons 5% Simms Petroleum. . 9% Sinclair ConsolOfl (1) 86 10% Skelly Oil. +lli:+l+1 - GENERAL BUSINESS ACTIVITY for the country indicated by bank debits ourside New . Tork City. Shaded aress show weeks of activity the ding woeks of the % Butte & Superior. Black areas indicate declines from ssme weeks 13 months earlier. 10~ Butteriek Co. A M). ACTIVITY BY FEDERAL RESERVE DISTRICTS. hie o ) 38 Gen Gas&Elec cv pf (6). 76 Gen Gas & Elec pf A(8). 28%' Gen Ital Edison (a3.63). 40% General Mills (3. 89 Gen Mills pf (8) 81% Gen Motors (3). A F I 7% Calumet & Hecla. 10 Campbell WQC "d’ @ 30% Canada Dry GA (3).,.. 354 Can Pll:luflri‘now :l’)*) non Mills (1 "sl: ?:::n.l Adm (A). 4 ll!fi oo- Pub Sve (b6 % atk). 29% Capital Admin pf (A) 06% way Signal (5). 78% Car Clin & Ohio 85 85 IMK G- MII‘IAI'! (6)... 83% Case (J I) Co (8 9% % Gen Realty & Utilities. . lll Case (J I) Cof (T).... lll 0' Gen Realty&Util pf(e6). 22 Caterpillar Tractor (14) 32% i 1% Cavanab Dobbs Ine . 3% C‘vnu\l[h-Dobhl »f.. ';\t B T s2Felsas 2 *pizalr ’-:#‘*i“xizi‘!fi’iir;i‘!s;i’:‘* LEADING BAROMETERS. Showing tremd of impertant factors. A1+ sResr 553 ¥Fs & + | - e & FsFs 16 - 80 % 3 8 - 0% .um‘mhvvr"l“ 4% 92 2" F R s x FoT S 30% 18 Cant Aguirre Asso! ‘). 315 189% Cent RR of NJ(113). B 0% 65% R TS 3 PP TP PP o & S T £_o ‘i - 144444 1 +4+44 4V 04444+ 11 ++++4++ I+ ++4+ & Fer & &5