Evening Star Newspaper, January 17, 1931, Page 13

FINANCIAL. [N NARROW RANGE Trading - Volume Remains Very‘Small, With Utilities Stocks Gaining. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, January 17.—The curb market, after displaying a mixed trend 8t today's opening, showed signs of firm- ness in leading stocks. Volume, how- ever, remained small Electric Bond & Share was a small | fraction lower at the opening. It added to its initial loss. but recovered at the end of the first hour. A block of 5400 shares of Cities' Service opened at 17%, up %, and later widened the gain. Other Changes. Previous to the announcement of the reduction in Ford prices, Ford Motor, Ltd., in point of activity outdistanced all motor shares and most industrials. ‘The immediate response to the reduc- tlon, which ranges up to $45 on cars and trucks, was a fractional advance in the shares. A block of 10,000 shares of Gem‘ml| Baking common opened at 5, un-| changed. The preferred was a trifle higher. The mark-up of red metal quotations brought renewed buying into some of the lower-priced _coppers. Pennroad Corporation, the only active Tail, was up Y at 87. | Specific corporate developments ac- counted for a considerable part of the activity in public utilities. Middle West Utilities reported a gain of 4.2 per cent in electric output in 1930 over 1929. European Electric Corporation, Ltd., in its first annual statement showed a net income of $2,204,120. British-American Tobacco B shares, which were freely offered earlier in the week as a result of the chairman’s remarks on the outlook for earnings, recovered slightly. Hirs ‘Walker con- tinued to be the most z‘th'e Canadian industrial, rising siowly. Natural Gas Shares, Natural gas shares for the most part improved. United Gas and Duquesne Gas were the most active of the group. The rise in American Cyanamid was astributed to the sharp cut in the com- pany’s inventories and somewhat better &u ts for the industry as a result of proved alkali situation. 'DOMESTIC BONDS. High. Low. Close. R 007 il gl > g § g i L LR § e % BubuntHuluiatss, i SOER! 't 233 5 rogE 2 009 2988 h | mwh Ed 4158 D /37 101 i Pow 4ias 138 10112 101 A Geisle Sreelss 5ias 37 94 4 2 2 2 4 4 3 2 1 5 8 H 0 ¥o3g580 B g b "3 5 gii'i'm S el ": o ®, 3 & &, ¢ < rof D! 288 §8 i >3, L Ll ke BEee sesd H B G 22 Lo ok 3RV RRLIRA osSoumnand: " ::“..] sdgse FesISEREgd ¥ [ 1] ¢t 2R, =000 £ 5 54 oA gt R 2 SRRy #ito :: 28R 828322 55 et RS B g IR eRaEsrseigeLee 19 2 ¥ 8 errors B B s oS or Z222RRRRERRREE! I3eRREpEARAAgS Srarirans g Boorasa g Segssgargsesta e B a s Bas g5 B RN N9 0 DT Te0nerD o> g - wrSw _>qu i S aJss - Eae 3 ~Prey.1930— Note—All stocks are sold in one hundred-share lots excepting those designated by the letter s (80s) (2508), ks were sold in odd lots. which shows those ~Prev. 1930.~ Stock & High. Low. Dividend Rate. 20% 356 Am. Alu Co of Am pf (6). Alum Ltd A war.. ... % Amer Austin Car. ... 60% Am Capital pr pf 6% 60 Am Cigar Co 4% AmCityP&L B b10%. 10 Am Com P A (b10%) 20 AmComPB (10%). 6% Am Cyanamid (B) 3% Am Equi! 11% Am For Po 8 Am Founder: 3% Am Invest In 44 Am Meter (3). 9 Am Supervowr 3% Am Ut&G B vte 20c. 1 Am Yvette new wi 5 Appalachian Gas 8 Arcturus Rad Tub 4% Ark Nat Gas (A). 20 Armstrong Cork (1) 2008 315 Art Metal Works. 4% Asso El Ind Ltd 30c. 11% Asso Gas & Elec. .. 137 Assoc G & El A (a2). Assoc G & El war. ... 65 As80G & El ctfs (8). 1 AsS0 G&E (A) dbrts &% Atlas Plywood (2). 3% Atlas Util Corp 16% Aviation Cor of Am. 100 Babcock & Wil (7) 2% Blue Ridze Corp. 191 Brazil Tr&Lt(n8% 28 BriATcouB1.17 8-10¢ 20 Bulovacv pf (3%) 4% Butler Bros. . 1% Canada Marcon! 14 CentHG&En 80e.. 11% Cent Pub Svc A al.76 77 Cent St El (k40¢). . . 43 Centrifug Pipe (80c) 1 Chain Store Devel. .. 5% Chain Stores Stock. 106 Childs Co pf (7). .. 18% Cities Serv «g30c) . . 5% Clev Tractor (80c). . 24 Club Aluminum Uten 14 Colon Ol 5 3% Col Oil & Gas vte 1% Com & Sou war. . T4 Com Wat Sv (b6%). 2 Consol Copper. 13 Cons Gas Util A 2.20. 10 Consol Laundries(1) 315 Consol Retail Stores 35 Contl Share cv pt (6) 200, 3% Cord Corp # 1% Cosden Ofl. 3 Creole Petroleum. 6% Cr Cork Int A (1) % Cusi Mex Mining.. 1% Dayton Air & Eng. % De Forest Radio. ... 2 Derby Ofl Refining. . 80 Derby Oil & Ref pf.. 750 1% Detroit Adrcraft. 20 281; DressS R (A) (3%. 18% Dresser Mfg (B)\(2) 214 Duquesne Gas Cp wi. 1 Durant Moters..... 3% Eisler Electric Corp. 3T Elec Bond & Sh (b6) 10% Elec Pow Asso A (1) % Empire Corporation. 4% Emp P Ser A (a1.80) 214 Empire Steel Corp. 1% Europ Elec deb rts. 6 Ex-cello Alr & Tool. % Fabrics Finishing 2 Federated Capital 14 Fiat Stock deb rts. . 7 Flintkote Co (A) 18% Ford M Can A (1.2 10% Ford M Ltd (p37%) 14 Foremost Dairy Pr.. 2% Fox Theater Cl (A). 4% Jeneral Aviation... % General Baking 11 1 14 508 3 11 9% Gen ELtd rt (p70c). 14 Gen Empire Cor (). 37% Gen G&E cv pf B (6) el Laundry Mach. . 22% Gen Th cv pf w.L.(3). 50 Glen Alden Coal (l) % Golden Center 4% Goldman Sach % Gold Seal Elec new. 20% Graymur Corp (1). 90 Grief & Brpf X (1).. 5 Hollinger Gold (65c) 3% Hudson Bay M &8., 15 Imp ON of Can (50¢c) 5 1IndusFinan cifs... 45% Ins Co of No Am (2). 5% Insurance Sec(79c).. % Intercontinent Petpn 11% 'nt Petroleum (1).. 2% I[nternat Products. .. 30 Int Utilities A (3%). 4 ginternat Utll (B)... 1% 1nt Utilities (war). . 264 Interstate Ecn pf(3) 6 Irving Air Chute (1) % (tallan Superp war. . Sales— Add 00. Open. High. Low. Close. 9% Afiliated Prod 1.60.. 1 14 o8 -8 107% 108% 107% 108% THE EVENING STAR, WASHINGTON, D. C, CURB ISSUES HOLD |[NEW YORK CURB MAR ~Prev. 1930.~ High. Low. 23 20% 14 3 14 14 3 3 30% 1 62% 654 6% 18% 26 8% B4 30% 1 62% 10% 13% Dividend Spnusl peymens. | stock. ment dlvmend 1% in stock. 3% in sk KET Stock a Dividend Lake Sh Min -nl%) LeonardOil. Marcon! Int M(p38e) Mass Utll cv pf 3%, Mavis Bottling. Mayflow Asso (3! 1 Met & Min Ine (1.30) % Public Util Hold w Rainbow Lum Pr B.. umbler (2.20). dntCorp..... & St Anthony Gold. ... St Regis Paper (1).. Saxet Co. 4 Schulte Un bo-31 8t Schulte 5c-31 St pf. . Seg Lock & H (50c). Selected Industries. Selec Ind (full pd).. Selected Indus pr pf. Sentry Safety Cont.. Shenan Corp pf (ad). So Am Air Lines 1st. 6 SouthldRoyaity (60c) 4 SW Bell Tel pf ( 8 W Gas Utlly Standard Motor: . Stand Oil Ind (3%). % Stand OIl Ky (1%).. Stand Oil Ohlo (2% ) Stand Oil of Ohio(5) Stand Pow & Lt (2). Stand Screw (8) Starrett Corp. Sunray Oil (b5%) Swift & Co new (2).. Taggart Corp (1)... Teshnicolor inc. . Teck Hughes (IDI:). . Thatcher Sec Corp. . Tobacco Pr Exports. Tri-Cont Corp (war) Twin §t NG pt (A).. Un N G of Can (1.40) Utd Found b2-35 sh. Utd Gas Corpn 5 Utd Gas (war) . Utd Lt & Pow A (1), Utd Molasses, Ltd. . Utd Profit Sharing. . U 8 Elec Pow ww. U 8 Gypsum (1.60). . U8 & int Secur..... U8 & Lnt Sec 18t (5) US Playing Cards(4) 25, 4 Utd Verde Ext (2). . Ut P& Ltat1.02%. Vacuum (4).. Waiker (H) (1). “Y* Oil & Ga: Zonite Produ RIGHTS. Com Edison. Pacific Gas & Elec Pub Srv N Ili. .ra . 3 rates in_dollars Ex diy n Pius 8% in Received by Private Wire Direct to The Star Office T N T LT TR . Open. High. 25 25 N Y Tel pt (6% ). N Y Steam Cpn w.i.. Niag-Hud Pow (40¢) Niag-Hud Pow Nor Europ Oii Corp Nor Ind Pub 8 pf (6) ©Outboard Mot (A) Parke Davis (11.35). Penuroad Corp Peop L& P A Pitney B P n :zou.. Prince & Whitely.... Prince & Whitely pf. Propper McCallum. . 4 Prudential Invest Pub Sve Nor Il (8 Pub Sve No 111 (8) 0il, Cal pf. . E S R e S W0 a0 nm D et a 3 S N 0t ST 0 00 1t 80 08 0 s 1 P k0 00 [ TP PP ST 8% Expire. .Feb 3 13% 1% 2 21% 21% or sem- e Adjust- Plus. Bl 0% ' ok m Pl 16 2 2% 2% on last idend 'E;r.kly"!x?r‘:“u{l stock. b Payabi . iesin stock tock. stock. NEW YORK STOCK EXCHANGE Received (Continued From Page 11.) Stock and Dividend Rate. United Carbon (1).. Utd Cigar Store: Unit Corporation Utd Corp pf (3) Utd Electric Coal Utd Fruit (4). . Utd Gas & Im (1. U S Express. ... U'S & For Secur. U S 1nd Alcohol (6). U S Leather U S Pipe & F (2) 4« USP&F st (1.20). Us Rulu&lmvli). U 8 Rubber u u Sales— 11 S Smelt & Rof (1) S Smelt Ref pf 3% U 8 Steel (7).. U S Steel pf (7)... . Utd Stores of (2% ) UUIP&S (A)et2.15. 12 Vadasco dales Corp. Vanadium Corp (3). 201 % Vulcan Det (4)..... 1108 4 Wabash 2 Waldorf Sy 2 Ward Baking (B) . 1 Ward Baking pf (T). 1 Add 00. High. Low Olose. Close 4 2 by Private Wire Direct to The Star ~Prev.1930~ High. Low. 80% 9% 63% 29% 118t Prev 22% "~ 18% 485 4n 561 28 1% 28% 4% 188 4818 n stock. 2% in stock. mPlus 1% in stock. n Plus Office. Stock and Dividend Rate. SATURDAY, SOVIET INCREASES NATIONAL BUDGET Proposed Expenditures and Expected Income Exceed Five-Year Plan Figures. BY JUNIUS B. WOOD. Special Disbatch to The Star. MOSCOW, January pressive 31,918,000,000 - ruble Soviet TUnion budget for 1931 is due to the fact that the national revenues of the Soviet state include all foreign trade, domestic_industry and utilities, as well as the larger proportion of domestic trade and agriculture. According to a recent statement of Gregori Grinko, commissar of finance, the total turn- over within the country this year is estimated at 49,000,000,000 rubles, ‘which 65 per cent passes through the governmen What this is actually equivalent to in either American dollars or pre-war ru- bles is a matter of computation. Ac- cording to the fixed rate of excl e published by the state bank, the dollar equals 1943 rubles, while the actual rate paid on sight drafts on New York is 1.932. In contrast with this, money 17—The im- 6% | exchanges in Berlin offer 30 rubles for & dollar, while the rates in Harbin and Constantinople are even lower, Budget Subject to Changes. Soviet authorities strictly prrohlbn g this money back into the country, but speculators in Moscow l'.- self offer 10 and 12 rubles for an American dollar. In the following fig- ures the ruble is computed roughly at 50 cents. The budget as announced is subject to changes and transfer of funds from one item to another by the Presidium of the All-Union Central Executive Committee at any tlme during the ear as exigencies arise. uently considerably more flexible the m- nual appropriation of other countries. Also, as this year for the first time in the history of Russia the fiscal and 8% | calendar years coincide, comparisons with previous years, especially the last, which included 15 _months, are some- what misleading. Previously the fiscal year started October 1. The large budget shows & modest surplus of $750,000,000. The estimated revenue also includes pre domes- tic loans amounting to 5050 000,000, $200,000,000 on deposits savings banks, ,000 in lddltwml sales of stocks in tractorstrol (tractor factory at Stalingrad) and 3350000000 outstand- ing in debts paid banks. The mpuh tion is expected to contribute these other items wt‘ll.nl $1,941,000,000. The largest sources of the estimated nationalized income are: Industry, $2,038,000,000; transport, $1,691,000, OW. state, f and domestic trade, $740,- 000,000 ture, $547,000,000; bank- ing, $466,000,000; co-operative stores, $390,000,000, and municipal utilities, $387,000,000. Timber Industry Revenues. Revenues from the timber industry are estimated at only $35,000,000, Lhe electrical at $70,000,000, and from the postal and telegraph, $68,000,000. In addition to this revenue of na- nomnsed M:l,hmy, totaling $6,697, noo- national taxes are expected yleld l51210000w and local t-l‘lel di $218,000,600. Three novel items appearing are rev- enues from social insurance dues, $1,087,000,000; co-operative store dues, $461 , ‘and labor union funds, 00 Social insurance, which theoretically is paid by the employers, insures the workers against unemployment, sickness and old age. There is no unemploy- ment here, as the authorities hflulck!y find work for any loafers, other side of the budget estimates the distribution of $17,000,000 for social in- surance this year. members of co- operatives do not share any profits, but merely the privilege to purchase in the stores, while union funds cause no con- s | siderable outlay. Expenditure Items. ‘The outstanding items of proposed ex- gendnureu are: Industry, including new uilding, $3,496,000,000; agriculture railroads, $1,155,000, IIW State trade, $2,419,000,000; education, $1,758,000,000 $1,092,000,000; army and navy, $655- 000,000; public health, $595,000,000; so- clal 'lalflre, $506,000,000; electricity, stores, 1,000, audit, $398,000,000. ‘The t, as well as the national income, are considerably in excess of the expectations of the five-year plan, which in the latter is 49,000,000 rubles, though the plan three years ago ex- pected only 36,000,000. (Copyright. 1931.) Commodity Price Trends of Week BY H. N. McGILL, Editor McGill Commodity Service. AUBURNDALE, Mass., January 17 (#).—The price advance in commodities of two weeks ago was too rapid to be healthy, and wu followed during the 1 | past week by slight price weakness. De- White Rock MS Nh 4 Wilcox Oil & Gas. \vmy--Ov-rLuu. s Wilson & Co. Wilson & Co (A) Wilson & Cepf . Woolwerth 12.40). .. Worthington Pump. Wrigley (Wm) (4).. Yellow Truck. Zenith Radio. Dividend rates as given payment: based on the I; Unit of trading less l.hulllqu‘:;!‘”’ 7 In the sbove table £Te the annual cash half 1y dec] able ock. iemua .w:x Ve 8% siock. 3'Plus 81 in" e s onsraue S e S T 8wift Co 58 '8 1 Tenn Elec Power 8. S5 60 w 93% 70| [ 0% 80v; | 3 10373 ) 9%, 1| s (30 Coban ‘Tel Tiks A ‘4l 10315 Danish Cons s 's3,. 0813 h Ce a8 o ML LA .,l wS2BEBL S:S!:!a':!; SI2I23B, HANGES IN BANK y TAX LAWS LIKELY Supreme Co\u-c Decision to Pave Way for Amendments by Legislatures. BY JOHN F. MILLER. The right of a State to include in- come from Federal bonds and other exempt securities in computing corpo- | rate franchise taxes is cleared up by a decision of the United States Supreme Court handed down on Monday. All corporations owning such securities are affected, country are particularly concerned be- cause of their immense holdings of United States bonds. No bank was a party to the litigation |and the exact question involved was the right of the State of New York to include royalties so-called franchise tax. but banks throughout the| clude income tax on corporations. That decision was taken immediately to mean that no State could include the income from | Federal obligations in the basis of an income tax on banks. It was 50 in- terpreted by most taxing authorities. In its present opinion the court makes a distinction by explaining that income from the tax-exempt securities was included in the Massachusetts tax “by virtue of an amendment to the | taxing statutes, which, it was held, was | specifically intended to reach the in- come from tax-exempt national and municipal bonds which had not pre- v}nu':lly been included in the measure o mmnm in Court. It is interesting to note how closely the justices adhered to their original opinion in the controversy. Justices Holmes, Brandeis and Stone dissented n the Macallen case, and Justices Sutherland, Vap Devanter and Butler dissented in the present case. Chiet Justice Hughes and Justice Roberts, who were with the majority this time, were not on the benchk::d copyrights upon | Macall |mvlnl picture fllml ln computing its from Federal and mu-I ‘mcxpel bonds in computing its excise national banks. Monday’s decision will the banks will be in a position to that any State which cares to do may tax them fully and !-lrly. Banks Willing te Pay. The banks generally have always in- sisted that they are willing to pay their fair share of State taxes, and t.h.lt their only reason for opposing ci in the present Federal statute was due to the fear that certain States would 8o entirely too far once the ropes were let down. It is certain that Monday's decision w%lblbl a great help in solving the tax problem now many States. undoubt the regular session this year. (Copyright, 1931.) ————e. RICHFIELD OIL RECEIVERSHIP | holding BALTIMORE, January 17 (Spe- cial).—The announcement from Cali- fornia that Willilam C. MacDuffle had the | been appointed receiver for the Rich- !l low spite the fact that minor declines oc- curred in 10 groups out of a total of 15, this did not bring the level of all commodities down to the low point in lhll major decline—the lowest point occurring on January 2 of this year. Out of 15 individual indices, 2 groups advanced, 10 declined and 3 remain unchanged. Reports now being received definite- ly indicate more business confidence than has been the case for many menths. Buying of raw materials and finished goods faces a long pull upward before anything approaching normal is reached. Reports from the automobile district are particularly reassuring. Em- ployment is now on the increase and production is advancing, as this time of the year is ordinarily the seasonal int. Heavy construction is ni to feel the impetus of the l"eden and State government expan- jon programs. Latest figures show that, with many leading industries opennng less than 50 per cent of capacity, the nna is_not set for a further expan- sion. This is one reason why unfilled tonnage of steel increased. Remember that commodity prices have not hesi- tated to respond to the depression. All Commodities. All commodities fell off slightly from the previous week. This decline was due to lower prices for industrial and :chult\lrul products, building materi- fuels, hides and leather, non-fer- rous metals, t materials, fine tex- tiles and vegetable oils. Industrial Prices. 1 cl however, was es, which after ant tiles was, of course, not sumclene to offset the declines in building materials, fuels, hides and leather, non-ferrous metals, paint materials and fine tex- tiles, as well as vegetable oils. Building Materials. Due to a decline in window glass prices—the first in a year—and a cut in t prices, materials regis- - JAN ARY. .17, 1931 L] FINANCIAL. OPERATION OF MUSCLE SHOALS BY GOVERNMENT HELD FUTILE Chamber of Commerce Head Declares Plants Cannot Be Economically Used for National Defense or Fertilizer. The futility of Government of the plants at Muscle Shoals the text of a communication tions of the Chamber ited of At the same time Julius H. Barnes, chairman of the board of the chamber, in a public statement, asserts that the issue raised in the Dl'u for Gov- emmnt operation the ~Muscle project is one nf vital impor- w American industry. Membership Vote. President Butterworth in his to the chamber membership say: mm "ln relamdlun Deeemb!l’ 22 1930, lpeclflelll with t.he quufim volved in il Shoals issue now pe_ndlng k pbyvobol2fl0hlb‘ldeclned ‘That the Muscle hmh pmjec! should ho sold or lgtud. s is, on the best pos- ‘Whatever my h.ve jumfled differ- ences of opinion in n to what should be done wuh rties, evidence is now conclusive um ral operation of them, in whole or in pnrt, can serve no useful purpose. the discussion has been Dmceedlng over years, there have been mch develop- ments in the fixation of nitrog uunwdemamudmap uu Muscle Shoals cannot be uudumelt-har for national delflue or fer- “Our special Committee on National made report and the recommendations which were approved by our members in refer- endum, found ‘If our country should become involved in a war of major pro- | portions, it would require- for military is | explosives, according to the best au- thorities, a maximum of approximately 140,000 tons of nitrogen per annum.’ “Data recently available show that the annual production y of pri- vate companies in the Uniud States has now hed 2 ooo tons. - Our committee’ were based on 1”0 lmount!.nx to 156,000 wu ammonia to By ad capacity for Ayn'.het.!c produmon we have now a total annual capacity in excess of three times our maximum nitrogen, because it is done today com- mercially in quantities sufficient to meet any demand that is probable in time of peace or in time of war. So that Muscle Shoals as a problem of na- &u& defense practically. does not “Since our committee's special on Muscle Shoals was 'rmen th::m chemical engineer of the Bureau of Chemm.ry and Solls of the Department f Agriculture said at the he-nnx: nbovz lnentionsd ‘I do not see necessity d hat th 1ym' e ticular] e equi nt there is par 1 useful lne&\e Pprogram.” - Engineer’s Report. conclusion that Mt Water Power Policies, which wrote the | &moun! 'I’neumflcu'hlchlud'athe shot wi pounds of material in the wm«:hmu:hshoulmao be made of the far-reach: the lflul'mfldbe now seems even r:l’mwy “Plant Virtually Obsolete.” “Private industry, aided by scientific run‘nh has so improved the processes nitrogen fixation that from this vterpolnt the Muscle Shoals is virtually oholm the manufacture . We have the ulumony of experts to the effect that there is nothing that could be actomplished by scientific lation of every principl served in the conduct of well as in the conduct of devels distril . Ninety-seven | industry but of PIGTURE INDUSTRY 15 SHOWNIG GAINS Increase of 33 Per Cent in|Loe: Receipts Reported During Last Week. BY BRADLEY W. TRENT. Special Dispatch to. The Star. P’ mfi-'?ymmvi;:' Jout e wheels of mo at an ac- celerated ;sounky t ure palaces are Admission receipu in pflnc.l popu- lations of the country in the past week, it was learned here today, amounted to $3,070,309, against $2,305,463 for the previous week, or a ‘%nn of 33 pe'r eent Perhaps motion p famous runlrk " Wit he ashed the public “Give " them “No, what _the pubhc wants is circuses and bread.” Returns Are Large. The silver scréen, at any rate, has R uring a silver stream into the box of of many theaters through- out the country, with the result t theater owners, producers and the bulls o;‘ m"n;::emnt l‘:(')fll :’r:m beginning to sl prosperity re Roxy's, one of the largest picture '.henen in the country, last week had gou of $125,000, the largest in its his except for one week last July. A compflntlon of theater receipts from principal centers of population each week by a trade organm, flu Motion Picture Herald. To take but & few samples from this detailed table. Los Angeles had a wmmu of motion pic- also clicking merrily. of X nst $19,000 in the preceding week. Over in Hollywood, Gnumuu Chinese took in '20 BW nn!nn $16,500 earlier. alo, the ‘Buffalo grossed $28, su 500 it the nmmu week. Midwest Houses. Ouz Cleveland wny the Stillman piled admissions lu 000 last week, l(llnlt. $13,500 hl From Chicago com week previous. les word that the Ori- ental took in uuoo, but since the pre- vious week's receipts are lacking, com- D:| schedule 1s,to be maintained tional Capital STOCK AND BOND By the Associated Press. SATURDAY, JANUARY 17, the in" many parts of the |against the bankers was learned that Fox West Coast theaters in the nmmkonh:yurmkmnomuf bol’! (Copyright, 1931.) TEXAS-T0-D.C.AIRLINE REPORTED PLANNED ‘Would Be World’s Fastest on Sev- en-Hour Schedule—News to Officials Here. By the Associated Press. NEW YORK, January 17.—Contracts were awarded Thundw for equxpnunt for what is expected to be the world’s fastest airline. trip mum of 225 miles an hour, 175 miles cruising speed. Opening date is set for June 1, Carl Betts, vice president of the Detroit Aircraft Corporation, disclosed. No information_has been received by officials of the Department of Com- merce on the report that a seven-hour between and Fort Worth, ex. Doubt was ex that any com- mercial line could maintain the sched- ule, which would call for speed of more than 171 miles per hour without . Local sales representatives for Detroit Aircraft fim said the have had no news of the proposed llnl. AVERAGES the Nat a5 R -, “What ition 1s to Ghllplw‘!h.hm,n(mwn- ear] A—13 & LIVE STOCK PRICES IN UPWARD TREND Scarcity of Supply Acts as Incentive to Rising Values. Associated Press Farm Bditor. Supply shrinkage is making itself felt yearlings staged a comeback which ‘- placed u:e nnrkec steady with a it Aoemitad s by rounds, vlhen uu mrlet hecun: heavy. bunuttufing been running n about 10 than a year ago, refl in the number of mme now on short-fed heavies must lbou;.m Akll] t?e Av:llhly beef l.hl& of B LR ek the lower grades are Leli:mvel! high an d - comj 1i uuun panu:h‘ light dm - £ g ! 2 E i E g § i g § 4 i igi ¥ K Elg 45 £ E i 5 i i i é E & ] | I i §EEF 5852 g ¥ 2; Special Dispateh to The tar. BALTIMORE, Md., January 17.—¥o- tatoes, white, 100 = 03 s bee muhflam. mh. 1.50a3.00 90a1.00; hu.npel‘ 1.2582.75; peppers, crate, 1 275. bunhd. lhl.’fl, “l“k no‘ h.rm. a fruté, box, uonv?" e gl 3.25; tangerines, 50; .m bushel, 60a2.00; per bol. 1.25a2.25. Dairy Market. o Poultry, ol T st lelhoms barebacks, 14al15; hens, 15a22; mh:ru, lhll' Toosters, 12a13; ducks, 1 '8 | guinea fowls, Butter—Good pound, 28a31; lld.lu fllflfl mfl.w Pprocess, 27a28; m. m DECREASE IN EXPORTS FROM U. S. IS REVEALED lymn-oehmn--. Mlxpnruflw 1930 'n t!Ml 7, from $5,240,995,000 in 1929, '” m m—u fell w $3,061,369,000 from fl.~ p;runent of Commerce nlloy "Wm ip decrease in tomn trade during De- against “20 551 o&mm'm o mlofl.f 000 against $309,- and imports §: 809,000. — Manufacturing Operations, NEW YORK, hnunry‘;'l g)..—lnnu- St h: Becomoer from November Five Rooms, Kitchen and Bath Electrical Refrigeration 16th and Columbia Road * Reasonable Rentals