Evening Star Newspaper, February 10, 1931, Page 15

" CUR STOCKS GAIN INSTEADY BUYING| Market Absorbs Profit . Tak- ing Sales and Leaders Continue Strong. -BY JOHN A. CRONE. Special Dispatch to The Star. « NEW YORK, Fcbruary 10.—Spurred by & series of favorable news deveiop- ments, such as a rise in retail automo- bile sales, higher copper prices and several favorable earning statements, »stocks on the Curb Exchange were active and higher today. Before the end of the first hour & wave of profit- 1 taking swept over mnst sections of the Jist, but stocks held -their ground as ‘new buying then came into the market. . Electric Bond-& Share was up only fractionally, but sufficient to put it at & new top for the year. This was true also of other marke Amencln & Foreign power, ‘Traction, Shenandoah ~ Corpora Cities Service, Cord Klnu(mcurln‘ and . Vacuum Oil. ‘The opening on the curb today was ot as spectacular as that on the big board. Only a few large lots appear: such as 8,000 shares of Electric Bond Share at 481 and 5,000 shares of North “Europeai Ofl at 1%. Initial gains “ranged from fractions to 7 points and in “the first hour 40 issues registered record high prices for this ycar. Cord _manufacturing, following the tacdlar sprint of Auburn Auto on Eecblx board, went to a mew high for ear. ~ Stutz Moters_improved as a it of sales reports. Ford Motor Ltd l!w'led signs of ‘its recent vigor. American & Foreign "Power ignored m unhvonble earning report showing ¢ the 12 months ended Sep- 4 ber :!0 last of $2.20 a common share, ainst $3.81 in the 'previous year. dle Wut Utilities - common was tvlrled a‘'new high as a result of lal operations. Lone Star Gll moved ahead as a reauu of its 11 months' profits of $4.- ' 888,499, or 96 eents a share on the ‘common. National Fuel Gas opened up “11% points to a ‘new peak. United Gas * remained active without moving much, “but Memph lachian, which was &t a new top, and Duquesne advanced. Humble & Refining, after open- at a new record high level follow- ‘ing President Farish's statement that it earned about $4¢ a share in 1930, . compared with $10.93 a share in 1920, ‘wee :ome pmfl taking. Vacuum - lost its strength of the preceding puion. whlle General Petroleum sho signs of greater price stability. NEW YORK COTTON . NEW YORK, February 10 (Bpecti:h. . =Cotton prices were about 75 - bale Nflur at_the opening of where trade in- ‘There was a con- terests gn‘:nble volume of mflwm and con- ntal. selling, but, this was readily ‘absorbed. ‘were: mmh 10.75, ‘prices May, 11.02, up 3 Jul! 11.: 27. October, i: : up 17, and De- 1172, p, 1 'viEw YORK BANK STOCKS o NEW YORK; February 10 ().—Over- \w—wunm market: (1 e 2: e 82 02 5883 § R & wok 338! ving ! turers esicesier Hitls’ 383388833 > LGSR S g uuuésgq- Pape gns £ =t 53 3 22352828 373 258383288328 SEF S 2900028, EE F 8 5, £, ! 3, OF0 Sa¥ 3 aga e sensSass §as nze £ reia Power 65, 47100 4 ' & W 65 '48. 70 wauuuouasni- B s QO L == vig g apamysTyey T 29200 25 oy o I‘l': B84 T B 2 FEFE o2t =322 888a2 38 2enu0eS Bovrmmrmmn S BSon.aman i 199! 2 p o 3 (U Se— > ggsqac ? 3 ;& 3 i 22 38323832 : guggl g 22383832 B2 & Note—All I 10 . 15 . 3% 20% 246% 24 44 1 £ 20% 15% 5% 6 4T% 105% 92 16% 16% 20% 1% 9% 100 25 19% 3% 6a 8% 28 216 26 734 4 % 5% 15% . 39% % 3% 24 10% 5. 1% " are sold in one excepting those designated by the which shows those wm -"3- nld Stock Dividend luu. mn Open. High. Low. Close. 2 Aero Supply B Aero Underwriters. . Affiliated Prod 1.60. . Agfa Ansco. 69 Agfa Ansco pf. AlnsworthMfg(1) THE EVENIi;IG STAR, WASHINGTON, D. C., TUESDAY, FEBRUARY 10, 1931 hundred: % 2 75 Ala Great Sou (17).. lo- 24 Alleg Ga: Allied Aviation. ‘Allied Mills (60¢). . Aluminum Co of Am m- Alum Ltd A war.... Am Austin Car. Am Br Bfd shars... AmCP&LA (a3).. AmCityP&L B b10% Am Com P A (b10%) AmCom P B (10%). Am Cyanamid B.... Am Dept Stores Am Equities. .... Am For Pow war. Am Lt&Trlc 12%). Am Natural Gas Am Superpow (40¢). Am Superp 1st (6). Am Ut&G B vtc(20¢c) Anchor P F (b10%) . Appalachian G: Arkansas Arkans N: Armstrong Cork (1). Assoc El In Ltd 30c. Asse Gas & Electric. Gas&ElL A (a2). s. cG & Epf (5).. Assoc Rayon. .. Assoc Rayon pf (6). Atl Fruit & Sugar Atl Secur Corp. Atlas Plywood ( Atlas Util Corp. Atlas Utilities war. . Auto Vot M cv pf pt. Bahia Corp. Bellanca Aircraft. Bliss Co (EW) (nl). dlue Ridge Corp. . Blue Ridge cv pf a: Blumenthal (8).. 4 Bower Roll Bear (1). Braz Tr & Lt (b8%). Bridgep Mach (25c). Br Celanesercts. ... Buff N&EP pf (1.60). Bulovacvpf (3%).. Bureo Inc... % Burco Inc war . Burco Inccv pf (3).. Burma rets 27 3-5¢.. Butler Bros. .. Catle Radio T vic. Cable & Wire B rci Canada Marconi Celanese 15t pf ( 4 Cent Hud G&E (80 Cent Pub Sv A al.75. Cent St El (k40c) . .. Centrifug Pipe (60c) Chain Stores Stock. . % CI Ph Aln.v (1) 1ds Co pf (7). Citles Serv (g30c. Clev Tractor (80c) % Club Aluminum Uten Colombia Syndicate. 5 Col Oil & Gas vtc. 17% Col Pict vte (f1%) 221 1% a“ 1 4% 36% 9% 15 15 105% 105% 19 - 19% 50 501 8% 9% 3% 84 3 24 % A 12 6 6% 20% 20% 248 248 2% % 46% 46% Com Wat 8v (b6%). , 28 10% 10% 5 W Comstock Tunnel. Consol Auto Merch. . Consol Copper. . Consol Cortez Sily Consol Gas Balt 3.60 Consol Laund (1). Consol Retail Stor 4 Consol Royal (30c).. % Contl G&E pr pf (7). Contl Share cv pf (6) Contl Shpf B (6).... Cooper Bessemer (2) Cord Corp... 3% Creols Petroleum. % Cresson Consol (4c). 7% Crocker Wheeler 7 CrCork IntA (1). % Curtiss Wright wa, 1% Dayton Air & Eng. 3814 Deere & Co (1.20). 1% Detroit Aircraft. ... 5% Doehler Die Casting. 12% Douglas Aircraft (1) 45 Dow Chemical (2) 30 DressSRA (3%). 19 Dresser Mfg B (2).. 21% Driver lerll new 118 B DA GOT 1% Durant Motors. 2% Duval Tex Sul wi. 17 FEastG & F Assoc... 13% East St Pow B (1)... 2% East UtiLInvA,.... 4 Eisler Electric Corp.. 40 Elec Bond & Sh (b§) 101 102% Elec B & Sh pf (6 89% Elec B&Shcupf5.. 13 Elec Pow Assoc (1). 12 Elec Pow Asso A (1) 20 FElecP & Ltop war.. 9 Kl Sharehold (hl%)- 1% Emp Corporation. 32 Emp Pwrpt (4.60).. 314 Empire Pub SvedA). 214 Emp Steel Corp..... 7 Europ E Ltd A (80c) 1% FEurop Elec deb rts. . 1 ns Wallow Lead. 8% Ex-cello Afr & Tool. % Fageol Motor. 30 Fajardo Sugar. 5 Fansteel Products 24 Federated Capital 1 Fiat Stock deb rt 1% Film Inspect Mach 8 Flintkote Co A.. 100 Florida P& Lt (7). 21% Ford M Can A (1.20) 14% Ford M Ltd (p37%). ls 1 Foremost Dairy Pr.. 4% Fox Theater ClA. 4 Gen Alloys (80¢) 5% Gen Aviation 15 Gen Bakint. 27 Gen Baking pf (3). 17 GenBaking N Y wi.. 10% Gen Elec Ltd (p70c). 35 % 140 143% 6% 1% 2% 20% 20% 14% 15 3% 3% 4 4 484 48% 2 104% 104% 3 91 91 % " 14 1% 4 8% 100 100 25% 25% 19% 19% 1% 5% % 9% 50% Gen G&E cv pt B (6) 3008 1% Gen Laundry Mach.. 25% Gen Petroleum...... 2115:Gen Th cv pf wi (3). 6 . Gerrard (SA) Co.... 9 Gilbert (AC) (1). 1 Gleaner C Harv new. 54 Glen Alden Coal (8). 7 Globe Underwriters. % Gold Coin new. % Golden Center. & Goldfleld Consol. . 7 Gold Seal Elec new .. 54 Goldman Sach T C.. 23% Graymur Corp (1).. 1 1 8 25% . 26% 167% Gt At&Pac Teanv(6) 40s 210 * 215 24% Great Lake DD t1% 26% 26% 6315 Grey Tel P S (14)...1508 72 'la 3% 3 Groc Strs Prod vte. . 63% Gulf Ollof Pa (1%). 6% Hall Lamp (40c).. 7 Hecla Mining (1). * 1% Helena Rubenstein. , 65 Hollinger Gold(65c) . 4% Hudson Bay M& S... 57% Humble O (12%).. 22% Hydro Elec Sec (2).. 2% Hygrade Food Prod. 86% 11l Pow & Lt pf (6).. 17% Imp Ol of Can (50c) 8 India Tire & Rubber 16 Indiana Pipe L (2) 14 Ind Ter Illu Oil A 13% Ind Ter Illu Oi1 B. 29% Insull Inv (b6%). 52 insCoofNo Am 12 21% Int Superp (+110). 1 Int Hydrocv pf3%. 200 3% [nt Petroleum (1)... 34% Int Utilitles A (3%). 5% Int UtilitlesB...... 24 Interstate Equities. 26% Inter Equ conv pf(3) 7% Irving Air Chute (1) 2% Italian Superpow A % Italian Superp % Kolster-Br (Al ). -share lots 2 (80e) (3806). odd lots. 4!6 19% 18% 10%, 8 1 15 105% 18% 50 8% 3% % 6 20% 248 2 46% 10% 140 5% 1% 2% 20% 14% 3% 4 AT4 104% 91 16% o % 1% 8% 100 24% 18% 1% 5% 25% 210 26% 2% 4% % _ Nor Europ Oil Corp.. 9 %« Pender DGr A & St Anthony Gold. 4 Stand P & L (B) (2). % Unit Dry Docks..... % Unit Lt& Pwr pf (6). % U S Foil (B) (50c) U S Inter Sec 1st pf. Lion Oil & Refining. Loew’s Inc war. Loew’s Inc deb r LoneStar G (1). Long Island Lt (‘0:) Long Isld Lt pf (7).. Long Iscu pf B (6).. 15 Louisiana Lan & Ex. Ludlow Mf Assoc 10, MacMarr Stores (1). Magdalena Synd. ... Mass Uull Assoe. Mavis Bottling. . Mead Johnson(13%) Memph N G Co (60c) Met & Min Inc (1.20) Mid St Prodn (2)... Mid St Pet vtc B. Mid WSt Ut (1%)... 4 Mid West Ut (b8%). Mid W Util A war... Mid Roy cv pf (2)... Midland Unit (b6%) . MoKanPL (b10%). MoKanPLvtc..... Nat American Co Nat Bond & Sh (76¢) Nat El Pow A (1.80). Nat Investors. . Nat Pow & Lt pf (6). Nat Pub Sv A (1.60). at Pub Sv pt (7)... Nat Union Radio. eisner Bros pf ( N Y Auction. N Y Steam n ( Niag-Hud Pow (40c; Niag-Hud Pow A w.. Niag-Hud Pow B w. Niag-Hud Pow C w Niag Sh Md (40c) Niles-Bem-Pond Noma El Corp (80c) . Noranda Mine: Nordon Corp Nor Am Aviat A wi No Am Cement. Nor Central Tex: @ n?~m.mm.-n Nor St Pow A (8)... Ohio Brass B (16)... Ohio Copper. Ohio Pow pf (6) Oilstocks Ltd A ($0¢) Outboard Mot A..... Qutboard Motor B. Overseas Sec........ P G&Emmm. Pub Sve A(1.30). Western Oil. ... Pandem Oll. . Pantepec Oil. o« @ 3 (ST TSTOT N TSTVING.- e © Pennroad Corp (20> Penn Pw & Lt pf (7). 508 Penn Wat & Pow (3) 12 PeopL&PAa240.. 1 Petrol Corp war 3 Philip Morris Inc 4 Phillip L Inc B 1.6 Pie Bak of Am A (2 Pilot Rad Tube A Pitney B P n (20¢; Plymouth Oil (2) Polymet Mfg. . Prince & Whitely Prince & Whitely p! 4 Producers Roy Cor Pub Util Hold war., 14 Pub Util Hold Cp xw Pub Ut Hold cu pf(3) Ralilroad Sh (50¢)... Lainbow Lum Pr A Reiter-Foster. . Reliance Int A . Reliance Int Cor B. . Reybarn Co. . Reynolds Invest. ... Richfield Oil-Cal pf . Roan Antelope Min Rock Lt & P (99¢) - Roosevelt Field Inc.. Rossia Int Corp. . Royalty Corp pf. Ryan Consolidated. Ryerson (J) (2). SafeCar H& L (8) Bo mpmasphmEnan~ne St Regis Paper (1).. Salt Creek Prod (2).. Schletter & Zander. ., Schulte Un 5c-31 St.., Schulte 5c-§1 St pf. .- Seaboard Util (50c). Secu Corp Gen (40c). Seg Lock & H (50c) . Selected Industries.. 75 Sel Ind (full p stpd). 7 Selected Inds 13 Seaton Leather (1).. 1 Sentry Safety Cont Shenandoah Corp. Shenan Cp pf (a3) Silica Gel ctfs panemoed 8 Stand Oil Ky (1%). Stand Oil Nebr (2).. Stand O, Ohio (2% ) 1508 Stand O1], Ohio (5).% 2408 Stand Pwr & Lt (2 Starrett Corp. . Stazrett Corp bf (3) . Stein (A) & Co(160). Stein Cosmetics. . Strauss (Nathan)... Stutz Motor (new).. Sunray Of1 (hi%). . Swift & Co (2). . Swift Internat (3) Swiss-Am El pf (6).. Tampa Electric ($2). Technicolor, Inc. . ... Teck Hughes (60¢).. Thatcher Sec Corp Tish Realty & Con Tob Prod Exp (10c) Todd Shipyard (4) Tran Con Air Tran. Trans Lux DL PS.. Tri-Cont Corp war. .. Tri Utilities ($1.20). Trunz Pork Strs'(1). Iubize Chatel (B)... Tung Sol Lamp (1).. Ungerieider Fin Cp.. Un N G of Can (1.40) Union Oil Assoc (2) . Unit Chem pt pf (3). Unit Corp war...... oo » SexnlovacanBo mvoRaSvumnm~ BrBrmma mo Unit Fou (b2-35 sh). Unit Gas Corp. Unit Gas war. Unit Gas pf (7). Unit Lt &Pwr A (1). - =85 a nBanI Unit Milk Prod. .. U 8 Elec Power ww. U S Finishing...... - U S & Inl Secur. Seacvanende 22.!-" Venezuela Petroim. . Vie Finan Corp(40c) Va Pub 8vpr (7).... 50s een Co war . | supply light, but fowls are back to low % | markets were unsettled. Delaware and %{1 in seven late % | and reports of reduced supplies in Ar- | Stock and la ~Prev. 1931~ Dividend Rate. High. Low. ad 00, 46% 39% Wheatsworth (fl%) 1 46% 1 10% rias, 1 3% 1 20 10% 10% Williams R C (1.40)« 4% 3 Wil-Low Cafate: 22% 20% Wilson Jones (3) 1% 1 10 8 Zonite Products (1) .. PRICES FOR FARM PRODUCTS DECLINE Butter, Eggs and Southern Vegetables Are in Good Supply. Prices of farm products the first 10 days of February show rather more losses than gains, says the United States Department of Agriculture, Bu- reau of Agricultural Economics, Market News Service. Supplies of butter, eggs and Southern vegetables tend to in- crease. The season has started early in some regions, resulting in liberal ship- ments and falling prices. Potatoes hold recent prices in Chicago, but weakened 5 to 10 cents in some markets. Prices of chickens are well maintained, with point of the first of the year. Trend of most live stock and of hides and wool | action is still slightly downward. Cotton mar- kets have advanced slowly for a month | ¢ or more. Potatoes Fairly Steady. Old potatoes held well in Eastern arkets the first 10 days of February, | gg % |put the Chicago carlot market was|taxes tending slightly downward on North- ern and Western stock. Sweet potato yellow stock strengthened on hand January ipping States were estimated at 62,244 tons, or 12 per cent more than of a year ago, but were 6 per cent less than stocks on January 1, 1929. About two-thirds of the mpply was still in the hands of growers. Holdings were equivalent to 4,980 cars. Total shipments from Jlnn- ary 1 to the end of the season ar lkely to be around 3,700 cars, of Whlch some 2,100 cars moved during Janu- ary. City markets quoted a slightly ‘higher level for New York Danish- cabbage, but lower prices were Teported on Wisconsin Q;:m;u "lll‘.d on new-crop cabbage from the Sou Celery was F.0b. prices tznded downward at Horldl polnu Prices of onions were generally lower, except on Western Valencia-type onions. Yellow varieties ranged 53 to 65 cents per 100 pmmds lt Eastern and Northern ship- ing ¥ Applu lhnved practically no ‘change. Strawberries declined to a rather low mark lt Florida points. South Florida has imated 11,100 acres of toma- toes, or narly as many as last season. The Lower Valley of Texas expects a de- cided increase in tomato acreage. Prices of good tomatoes were advancing nearly everywhere in early February. Fowls in Liberal Supply. In view of the heavier receipts of dressed poultry, the general poultry | A market weakened slightly during- the first .week of the mont clined 3 cents and dressed fowl 2 cents. The dressed fowl market was strength- by. the. confidence: of slightly. Stocks of cal en:d however, many dealers in.the outlook for the |Chil remainder of the year, and they sent a Iarge of iheir receipts- toy cold lwnle egg market weakened still fur- t.hcr e‘rly this month under ample supplies, with losses of 112 cents being recorded on from the ‘Middle West- ern States from Eastern sections. Butter Prices Lower. Arrivals of butter have continued heavy this month and prices declined 2 cents, reaching new low levels for fresh butter at this time of year. Pro- duction of butter durin; months has been deécidedly greater than dumu the corresponding period a year Cheau trade sentiment in city mar- kets was largely a reflection of condi- tions in producing sections and of the unsettled butter situation. Fractional declines on fresh ltylzs were reported from practically al ets, in antici- pation of reduced Nn nt costs. Live Stock Mostly Lower. Prices of most classes and grades of live stock declined during the first week | Atl of February. Veal calves and txtrem:flr limited supplies of well conditione heavy fed steers alone escaped down: ward price revisions. Dressed trade con- | grivicn ditions unfavorable to the selling side were credited as being the chief factor of depression. The decline in cattle | & v.lues. however, was furthered by an increase in marketings at 11 important Dosi primary markets of approxlmntely 13 - | Diversif 000 over the preceding week. % |of all species were moderately l.(benl. paas Il'.holl h unloads of hogs and lambs de- | p;; l.seg moderately from the week pre- | £ general average price of hoga ‘for nu first wefk of February was the lowest of the current season and the lowest since Midsummer, 1924. All slaughter classes of sheep and lambs | Lo, showed net lms for the week at Chi- cago, ranging from 25 to 75 cents, with |Lea fat lamb vllues at the close 75 cents to | Mon: $1 lower than the best time of the week | Natio: previous. on the Boston wool market, trading the opening week of February inclu led more sizeable quantities of the more active lines of domestic wools. hr'e manufacturers, as well as numer- u: cover ord:lml& 'é%':aa‘" mehg:r ::: requi and finer, and 58s, 60s Western grown wools. Prices on these lines were, in- clined slightly against the buyer. Grain Market Firm. mestic grain markets strengthened lli(hf-ly duflnl the first week of Feb- tinued dryness in the pris p-l vhut areas of the Uni and Canada, some reduction estimates of the tfinflu lm’nlul as a result of wet weat during’ and a slight improvement in demand from deficit areas were the principal strengthening influence in the wheat market. A steady inquiry for the mod- erate offerings of feed grains held prices of corn, oats and barley wuuuuy un- changed. Rye -dvlnced l-l!: itly in the futures markets, while flax gained some h a more active inquiry grain munuwmwmm« e e market, but demand did not show suf- ficient ut:pmema:n o i change prevailing down- ward trend. ks in retailers’ hands Winter (Be: o 36 10% -type | places orders- for uomm equip- Live fowl de- | Bat 1& harvest, | J, ~Prev. 1931~ annual CORPORATION REPORTS ‘TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, February 10.—The fol- lowing is a summary- of important cor- poration news, prepared by the Stand- ard Statistics Co., Inc, Neéw York, for News Trend. A firming tendency in copper. prices was noted yesterday as a result of last week’s break to 915 cents a pound for domestic delivery. Accelerated demand from both foreign and domestic pur- hasers was responsible for advancing at mm:re::r level. Automobile production for the week ended January 7, lcwrdln' to the New ‘York Times index, shows a gain over the preceding period. The advance seems to be characterized by general increases on ‘the part of numerous manufacturers, rather than large gains by a few producers. Corporation news .includes the an- nouncement of unfavorable deend tion of 37% centa stock on one-half its basis. . P. W. Paper Co. common share earnings, six nontlu to December 31, 68 cents, ul.lnst $1.20 before Federai both yi Advnnce-numely merur agreement with Indiana Machinery re- American Seating. planning to intro- duce new lines. Aviation carponuon of the Americas luhddhry -American Airways, gets permission to establish line across north coast of South America. American Woolen—Night force at Webster, Mass., mill Armour & Co.—No definite plans yet lm"‘ ‘:nmieu \‘E:’oh'm elnoué\e business. ldfled -lneé first of i e igars 193\ common share elrnlnu $3.04, against $10.: Beauharnols l:‘ g 0, Ltd., ment. Bethlehem Steel paid 81, sickness and death bene% 00‘:,2"435!@ Bulova Watch decl.lm ents Tl E final nine months, $3.85 per shate. Chapman Ice Cream January sales mo per eent not planning -acquisi- Genenl Amerlcln Tank Car 1930 ‘eommo_’ . share earnings, $8.03, against Childs Co. ‘January sales down 12 per cent. SHORT-TERM SECURITIES. (Reported by J. & W. l-.nnnnaane) ofter. Allis-Chalmers Amsganme co‘u 1937. 1o% 1% ol 29 s333ss TS oeSer General Theatets rand Tnmk:l‘-:;n ds ada Guif Ol of Humble '&l $e l033 2238380s! Sess! eSS = Drug co. 98] BUER e £ lN'I. Western Electric_Co. Wheeling Steel Corp. Wheeling Steel Biosl Gorp. INV-ESTMENT TRUSTS NEW YORK, February 10 (), —Over- the-countér market: ) & Cont Corp. All Am Invesiors A Am mental Tr Dorated Inves Independence Tt sh-u g Invest Tr of N ¥ Thvestors Trustes of Leaders of Industry B Investors Trust. Tr 0Old Colony In':lhi."le'; oil ares Inc Bower A st x Publle !e"lc!!'l'“‘” i g Cor; uper gorp ot ,.m.ns‘ rusiee Stand Invest 8 Bk _Sh. Pt e . STOCK AND BOND AVERAGES By the Associated Press. Prom Yesterday's 5:30 Edition. High. Low. Dividend 2% 1% SouCalEd...Apr20 12 !i dollars Dlvuont Dl B doliacy bamd on " | taking on price bulges turned grains 3, | & week ago. Oats fluctyal s, | Thomas Mclnnerny, president of “Na- "* | McInnerney indicated, will FINANCI l Rate.___Add 00. Open. High. Low. Close. = 0 2% 2& uuur“hu Stock and deararte Bt et T et in stock. n Plus 8% CONFERENCE OF OIL MARKETERS CALLED Institute Members to Decide on Action With Respect to Code. By the Associated Press. - NEW YORK, February 10.—A na- tional eon!ereflee of marketers to de- cide what course will be pursued by the oil industry as a result of the Pederal Trade Commission’s action in withdraw- ing its approval of all but three pro- visions of the oil marketing code of 1929 has been called by the: American Petroleum Institute. The conference will be held in Chi- cago March 4 under the auspices of the marketing division of the institute. The ted | mid-year meeting of the division was originally scheduled for May 13-14 at Tulsa, Okla., but because of the Fed- beet changsd 10 open b CHbaes Hlsreh cl open ago March 2. The final day of the sessign will be devoted to a general discussion of the marketing code which has been signed by um -l] marketers or units. several companies hnve nouned the institute that they in- tend to continue operating finder the provisions of the code which was design- efl to eliminate many abuses um h.ld crept into the industry competition on a high mndnnl n( busl- ness ethics. - Code comnutuu in each State and regional ittees .that have func-| tioned in anllnllfkrln( the code and in: vzmnunc violations. have been arder- 1% indersigod i ol circles tha is uni ircles that no .m uficmluvebeenmldeuwm future course of the oil industry in view of the commission’s sudden with- drawal of its support for most of the code. Whether the industry, relying on :.:u weight of public opinion to act might prove an obstacle course. CRUDE OIL OUTPUT GAINS DURING WEEK Increase of 28,584 Barrels in Daily Average Production Is Reported. By the Associated Press. 28,584 last week, totaling 2,107, m b-rre sa the Oil & Gas Journal's oy okllhoma ‘was the ‘Ence-aetter in the upward movement with & gain of 24,510 barrels that plu.-ed the State’s output at 468, SM barrels. Oklahoma shift, AL. e A1S 1930 CROPS DOWN AVERAGE OF-74 PCT, ‘West Virginia, Virginia and Mary. land Suffer Most in Fifth District. Crop yields in the fifth Federal Re« serve distriét in 1930 wefe good in two Carolinas, but were very poor in Mary- land, vtmm. and West vumh Early Richmond gm says the Reserve k‘iuchuwhmtmflotu,hmud Siope”being made’ eiors the droughy c m: ore - the ht became harmful South c-munu composite yield in 1930 of all crops was 120.2 per cent ot the 10-year average, the third figures in the United States, and North Carolina’s yield was 99.4 per cent. On the other hand, Maryland's total pro- duction of all crops was only 73.4 per cent of the 10-year average. Virginia produced 67.7 per cent, and West Vir- 1‘:!15 with 56.9 per cent was the lowest ‘The low prlcz levels for agricultural prod“.:‘:v.; in lb:me‘d '&e the auu-uq ca y poor n of the district and more than “pfiet the gnood crops in the Carolinas. According the Duczmber 17 report of the Bureau of Agricultt Economics of the United States Dep.nment of Agriculture, the farm value of all crops in South Caro- lina in 1930 was only 86 per cent of the value of 1929 crops, North Caro- lina crops were worth 82 per cent-of the previous year's crops, Mafyland val- ues. were 65 per cent, West Virginia 58 ger cent and Virginia only 57 per cen T Teures give o mmao aisfhict verage of cen com)] with the value o( 1929 crops. S ‘Money to Loan I"IM hr ln! deed ‘ ol nll estate, .lmpbl Weh""":.";,‘,’.’_‘.: INV!STMENT SECURITIES Listed Bo: Stocks. aiso Excellent |-vell-¢l| 1518 K SN SAND "fi-mnl 1926 cerning ‘the type of BU’Y NOW for fllf-lll‘ Tho;. E. Jarrell Co. 721 10th s:.-l‘!.u\'\.l'.' Nat’l 0765" TheMont:omery Comty Building Association 6972 'Wis. Ave., Bethesda, Md. Phone Wis. 4132 Organized Under the Laws of the State of Maryland Authorized Capital $5,000,000 Midcon! prlod 29,029 barrels to-a total of 1111, n'lmhrreh. ‘The Kansas figure was mwm d.hn'uuplmm- 025'| rels at 109,000 barrels. Rocky Moun- tain production was 99,833 barrel increase of llu’btne.l.l B California had & gain of 1,250 -bar- T€ls with an average of 526,750 barrels. GRAIN MARKET = CHICAGO, February 10 (#).—Profit- downward early today after fresh up- turns. Initial advances were influenced by a steep jump in Liverpool wheat quotations and by stock market byoy- ency. unchanged to 3c M‘g- er, wheat: afterward underwent set- backs to well below yesterday's finish. Corn also started unchanged'to %c up and. subsequently showed 'losses all aroun( Tending to offset a sudden rise in Liverpool wheat was. the fact that Rus- sia had slashed prices in European con- tinental markets. The l.herponlman was attributed to temporarily dwarfed ‘!Mk'.ld’:hgl! l;fl to Inleflll;t q:umy of imm supplies, as well as to flour sales. 4 it Corn failed to receive the aggressive lm lupport that of late had been _Selling influential or- ders. Messages from. other centers noted declded enln:ement of . rural offerings. \‘5, too, were increased, wmm. 841,000 bushels, m ,000 and wheat. Provwona kept pace with upturns of hog values. NATIONAL DAIRY PRODUCTS. NEW YORK, February 10 ()— tional Dairy Products Corporation, said net profit to be reported for 1930 will ;: slightly higher than for the previous \Sllel last year were around $400,- 000,000, against $390,000,000 in 1929, The corporation reported for 1929 net profit of fll 516,1"5 equal to $4.04 a Ehare the outstanding common shares. Inventory at the end of ‘1930, qud. stan( around $25,000,000, against $13,000,000 at the end of 1929. e cnrcmo DAIRY MARKET. 'HICAGO, Pebrulry 10 (#).—Butter— Reeetpu 15,198 tn firm; creamery extras (02 score), 2615; standards (90 tra , 15%; Fall P-fu-l-r. UM Request . D.C.Real Estate’ 6% Floyd E. Davis Co. 733 12th St. N.W. our liberal 20 monthly | repayment . ;ll-._ No i:.dcruu. ey Maryland | l’enon! al Bankers, 8405 Georsia Ave.. Siiver M. flmum" Year Loans On Improved Real Estate IN DISTRICT OF LOWEST INTEREST RATES. BOSSEHELPS. Founded 19507 Loan Corresponden Jonn Hincock Wetuar Life Insurance Co. 1417 K St. National 9300 STOCKS. © 3% Walgr: 6% Walker (H) (1) 3% 2% Lakey Foundry..... 13 West Air Exp