Evening Star Newspaper, June 19, 1931, Page 15

FINANCIAL. CUR ISSUES MOVE | N ARRON RANGE > Trading Volume Again at Low Point—0il Shares Given Support. BY JOHN A. CRONE. . Special Dispatch to The Star. NEW YORK, June 19.—Today's curb | market had an frregular trend. Volume | was again down to almost record low proportions. Probably there were more declines than advances, but the firmness in some | issues that have recently had wide re- cessions was significant. This was es- pecially true of the ofl shares, which * were bolstered by an advance in oil prices in California that appeared to mark the end of the price war. * " Utilities were generally lower but not by large amcunts. Electric Bond & | Share was firm just above 34. Amer- ican Superpower eased and small de- clines were the rule in Associated Gas & Electric A, American Commonwealths Power A and B, Brazlian Traction, Commonwealth Edicon, Eastern States Power B, Middle West Utllitles and United Light & Power A. | Aluminum Corporation scld down at | one time 9815, which represented a net decline of over 10 points in two days. | But the stock later retraced part of the | loss. A. O. Smith and Deere & Co. were | slightly higher, So was American Cyan- amid B. Hiram Walker gained frac- tionally. Swift & Co. and St. Regis Paper were lower and other industrials ‘were inactiv Pennroad was active the rail group, with a small gain. Both Ford, Limited and Cord were lower early, but | _the former braced later in the day. ! United Gas was comparatively inactiv and showed no disposition to move either wey. Trading corporation stocks were quiet. CHICAGO STOCK MARKET By the Associated Press. CHICAGO, June 19.—Following is the complete official list of transactions in stocks on the Chicago Stock Exchange today: OCKS, Bales ST 0'Acme_Steel . 100 Amm vvette 100 Appalach Gas .. 250 Art_Metal 41y 50 Assoc T & T 77 pi. 99'2 430 Assoe Tei Ut 233, 20 Assoc T & T an ot 200 Bastian- ng 15 100 Baxter Laund A 1000 Bendix Aviation . 200 Binks Mg 1800 Borg-Warner F 200 Bruce (E. L.) 5 100 Burnham 'Trad ‘pf... 530 Butler Bros Canal_Construction 110 Cent TII Pub Ser pf. in High. Low. Close. .T233 273 2% ont Chic pf 2750 Cord Corp 300 Cor; 300 Corp _Sec éifs 20 Crane Co & F 7% D Poote ‘G & Mach 50 Gen Thea Ea vic 250 Gleaner 0 Kej &L.. Ky Ut dr cum b 200 Libby McN Radi 0K Sates todny, "48.000 shares BONDS. 9000 Insull Util 6s 1940 Bond sales today. $9.000. DIVIDENDS DECLARED NEW YORK, June 18 (#).— Initial. 84t 841, Pay- Hldrs. of able. record. July '3 June 30 Pe- Com! Rate.riod. iy Tavests new.s2.50 .- Final. Ansio-Persion oit June 26 i June 2| 3 Burmah Oil Ltd (Am rets ord)... Reduced. $1.50 .. Omitted. fPronch (Fred Gherators ine pt.. 8 Regular. pr. 8175 91 ] s Gt. North Ry pf. braham & [T IO RSO v g JOTSERGRNDION 1oL RO PONUON: OO 1| June 30 June 20 June 19 e June 20 fl‘fi ibution of 25 cents a share in g‘:”!{l share of Detroit A"trl cor- ph e '"u"x'a M ecknoidars ot -nc the pproved, b o '&Td. A not e eftect 500 DOOOOOWOOODOOREKOORZR000D DRZZDPOOOOOD LOLOLOL Note—All stocks are sold in one hundred-share lota exoepting those designated by the letter s IMI) (2508), which shows those stocks were sold in odd lof ~P: Hig 2214 5% 224 109% 60 60 2% 6 10 17 5% lz'. Low. 11% 4% 1931~ % Am Util&Gen (B)vte 4 Fairchild Aviation.. 4 Hamilton Gas rcll Stock ana Dividend Rate. AfMliated Prod 1 60. Allled Mills (60c). .. Aluminum Co of Am 500- Alu Co of Am pf (6). Alum Ltd A war Aluminum,Ltd Cwar, | Am British & Cont Am Capital B... Am Cit P&L B b10% Am Com P A (b10% Am Corp (f15¢). Am Cyanamid B Am Dept Store: Am Equities. ... Am For Pow war. Am Founders. .¢ Am Gas & Elec (£ Am Lxh'rrnuzm. Am Maracaibo...... Am Superpcw (40¢). Sales— m » Am Yvette Co (25¢). ‘Anchor Post Fence. . Apvalachian Gas.... Arkans NatGas A. .. Ark N G cu pf (60c). Asso Gas&El A (a2). Asso G&Elall ¢t 1.60 Asso G & El et ¢ Assoc G & E pf ( Asso Laundries vte. Assoc Tel Ut (b8%) Atlas Util Corp. Auto Vot M cv pf Dt., Benefical IL (1%4).. Slue Ridge Corp. . Blue Ridge cv nf a3.. Bourjois Inc (25¢).. Braz Tr & Lt (b8%). Brill Corp A (34¢)... Buckeye P L (4) Buft N&EP pf (1. Canada Marcont..... Carib Syndicat . Celanese Cp pf (7)... Cent Pub SveA b10% Cent Stat El (b10%). Cent States El war. . Cent STEL pf xw (6). Chain Store Devel... Chat Ph Alnv (1).. Chesbrough Mfg $5.. Cittes Service (g30c) Citfes Serv pt (6) . CitSYP&Lpf (6).. City Mach&Tool 80c. Clev El Illum (1.60). Col O11 & Gas vic.... Cmwlth Edison (8).. Cmwlth & Spu war.. Com Wat Ser g12% Comstock Tunne! Consol Alreraft. Consol Auto Merch. . Consol Copper. ... . Con Gas Balto (3.60) Cont Roll & Steell Fy Copeland Pr Inc (n), Cord Corp Cresson Consol (4¢). Crocker Wheeler. Cuban Cane pr opt Dayton Alr & Eng... Deere & Co (1.20). De Forest Radlo Derby Ol Refining. . Detroit Alrcraft Cp. . Dow Chemical (2)... Dubllier Cond & Rad Duke Pow (5). Duquesne Gas Corp Durant Motors East St Pow B (1) East Util Assoc (2).. PN AR C AN ER AN D e W 58 35 e 53 A S 1O 0 00 i 1O G IS e 00 1O o 2 » & b LTS Y T T YOV~ I VIOY JUTDPRE- ) - - ST TINE ~JOY UL SOy RN S SO - SOTVIUIUTIIN o PTG o) ® o Elsler Electric Corp. Elec Bond & Sh (b§). Elec B & Sh pf (6).. Elec Pow Assoc (1). Elec Pow Asso A (1) ® o n S mp G & ¥ cu pf (8) Empire Pub Sve (A). Evans Wallow Lead. Fajardo Sugar. . Fansteel P roduc!s Fin Cp Balt A (80¢). Ford M Can A (1.20) Ford Mot Ltd 36 3-Ge Foremost Fabries. .. Fox Theater Cl A... Gen Empire Cor (1). Gen The Equip cv pf. Goldman Sach T C. Groc Strs Prod vt s o Horn & Hard Humble 011 u"m . Hygrade Food Prod. Imp OIl of Can (50¢c) Ind Ter Illu O] B... Insull Inv (b6%). ... Insurance Sec (10c). Intercontinent Fet n Int Cigar Mach (2%) int Petroleum (1)... Int Superp (+1.10)..., Int Utilitles A (3%). = Add 00. Open. . High. Low. Close 19 18% 19 - THE _EVENING STAR. WASHINGTON, D. ~Prey, 1931, Stock and High. Low. Dividend Rate. 36% 29 Long Island Lt (60c) 4% MacMarr Stores (1) » Magdalena Sy 1% Mavis Bottling (‘ 8% May Rad & Telev(1). 76 Mead Johnson(14%) 8% Memph N G Co (80c) 20 Mercantile Strs (1).. % Metal & Mining, Inc. 4 Met Chain Store: 24 Mid Sts Pet vtc A #3¢ % Mid St Pet vio B. ... 1434 Mid W St Ut (1%) . 1440\3Mia West Ut (b8% . % YMo-Kan Pipe L (A) . h Mo- n Pipe L (B). Miss Riv Fuel bd rt: ' Moss Gold Mine: 3% Mountaln Prod (1). 26% Nat Bd & S Corp (1). 11% 4 12% Nat Pub Sv A (1.60). 14% Nat 8 T Sec A (250¢) 27 NatSugarNJ (2)... % New Brad Oil (28¢c).. 113% N Y Tel pf (6%). % Nor Europ Oil Corp. % Ohlo Copper....... 80 Ohio Ofin cu pf (6) ., 26% PacG& K 1stpf 1. 18% Pac Pub Sve A(1.30 5 Pac Western O % Pandem Ofl. 26 Parke Davis ( 81 Parker Rust Pr (3).. 47 Pennroad Corp (206) 6 Peoples Lt&Pwr (A), 1 Perryman Electric. % Philip Morris Inc.. Philip Morris A. . % Phoenix Secur Corp 14'4 Phoenix S Cpf (3). 1% Polymet Mfg. ... Prudence Co pf (7) ¥4 Prudential Invest. 3 Pub Utll Hold wa 215 Pub Utll Hold Cp xw. 27 Pyb Ut Hold ci1 p£(3) 10 68'5 Nelisner Bros pf (7). 350 Sales— SAR9S omen. T Hisu, 1 1 1 2 2 1 1 2 1 1 5 5 4 2 4 2 : 1 1 5 9 2 5 5 J ; 204 3314 115% Quaker Oats pf §) 1 Kadio Products 4 Relter-Foster 64 Republic Gas Corp. 24 Reliance IntA... % Rellance Int Cor B.. 1% Reybarn Co..... 8 Roan Antelope Min.. 90 Roch Gas&E pf D(6) 1% Ryan Consolidated. . 10% St Regis Paper (60c) 4 SaltCreek Pro(1.40). 24 Schulte Real Estate. 4 Sezal L& H (a50c) 10 Selby Shoe (1.40) 214 Selected Indust: 1% Selfridge Strs(p2’ 33 Shenandoah Corp. 29'y Shen Corp pf (a3) 105 Sherwin Wil pf (6) 91 Sierra Elec pf (6) % Signature Hosiery 230 Singer Mfg (115) 111 Smith (A 0) (2} # So Am Gold & P 12% South Penn O1l (1)1 25% South C Ed pt B 1\6 . 24% South CEdpf C 3 SouthernNa m 3% Southld Royalt; 23 S W Gas Utill! 19% Stand Ollof Ind (2).. 15% Stand Ofl of Ky 1.60.. 10 Starrett Corp pf (3).. 4 Stein Cosmetics. 14 Strauss Roth. 12 Stromberg-Carl(1%) 1 Sunray Oil (b8%). 24% Swift&Co (2). 3% Technicolor. 6% Teck Hughes (60c) 2% Thatcher Sec Corp. 44 Todd Shipyard (4 6% Trans Lux DL P 2% Tri-Cont Corp war... 8 TriUtllities (b20%), 21% Ungertetder Fin Cp [P “ - Bonwm wRenE - aa N —n S = ] 17% Unit Lt &Pwr A (1 1 Unit Milk Prod...... 5% Unit Ret Ch pf (3%4). 59 U S Datry (A) (5). 3% U S Elec Power ww. 1 US&InlSecur,. 31 US Inter Sec 1st pf.. 2% United States Stores. 5% Unit Verde Exten (1) 6% Utll PALt(at1.02%). 5 Util&Ind 414 Utility Eq 67 Utll Equity pf 22% Vacuum Ofl (2)..... 118 1 1 1 O e 20 D 8% Voght Mfg Co (1) 4% Walker (H) (50e). 116% 1% 1 8% 3w L Irving Atr Chute (1). [talian Superpow A.. Italian Superp war Kolster-Br (Am Sh). 4 Lefcourt Realty 1.60 Lefcourt Real pf (3) Leonard Ofl....eeeer A e e 100 3% 1% 1 614 20% ¥ 9% W’lwort s dividend, ock. 1 stock: in el q Ex ¢ 555 In ek, iPlus 2% in stock. k Plus n Plus 8% in stock. 3% Walgreen Co wa h (FW) 1 4% Woolworth Ltd pf. based on last quarteriy or 'llmy extTa. iPlus 4% in gtock ayable 'in”stock. " e Adjustment £ Pius u in stock. h Plus 1 oPald last 7 Grain Market By the Associated Press. CHICAGO, June 19.—Wheat averaged higher in the late dealings today, rally- ing from record low prices touched earlier. Evidence that drought relief over much of the Canadian wheat belt was inadequate curtailed selling pres- sure. Unfavorable crop reports from sections of the American Spring wheat region continued. Wheat closed irregular at 74 cent de- cline to 12 advance, corn }aa’s up, oats showing 14a3; gain and provisions un- changed to 5 cents down. WHEAT— September 10 December NEW YORK BANK STOCKS o s Bid. Asked. 42 45 TREASUEY CEBTIFIEATES. rted by J. & W. Seligman & Co.) Maturity. Bid. .| . NEW YORK, June 19 (#)—Over- ithe-coumer market: 4 | held higher; 'BALTIHOBE STOCKS. Spectal Dispatch to The Btar. BALTIMORE, June 19.— Sajes. STOCKS, 110'Arundel Corporation Co. ommercial Credit pid. 3 Gonsolidated Coal com i Emerson Bromo-Seltzer A 'com.. 10 Flaehr & Guar Fire Corp 12 Northern Cent 37 New Amsterda 1oFa water 4 Fo 35 Union Trust 684 U 8 Fidelity h R _com. Cas C CHICAGO LIVE STOCK MARKET CHICAGO, June 19 (®) (U. S. De- partment of Agriculture).—Hogs, 18,- 000 head, including 5,000 direct; opened steady on best light-weights; later trade 15 to mostly 25 lower;. heavies !mostly, top 7.65; earlv bulk, 140-220 | { pounds, 7.40a7.60; later trade down to |7.25; 230-270 pounds, 7.00a7.35; pigs, 7.10a7.50; packing sows, 5.1586.00; light light, good and choice, 140-160 pounds, 7.2587.65; light-weight, 160-200 pounds, 7.2587.65; medium - weight, 200 - 250 pounds, 7.00a7.60; heavy-weight, 250- 350 pounds, 6.00a7.35; 26.00; slaughter pigs, good and choice, 100-130 pounds, 7.10a7.50. / Cattle—3,000 head; calves, 1.000; light-weight steers firm; heavies weak; 2 | she stock weak to lower; bulls and veal: ers steady; yearling steers, 8.60; Slaughter cattle and vealers—Steers, good and choice, 600-900 pounds, 7.75a 9.00; 900-1,100 pounds, 7.50a9.00; 1,100~ 1,300 pounds, 7.25a8.75; 1,300-1,500 pounds, 7.00a8.50; common and me- 600-1,300 pounds, 6.00a7.25. Heifers, good and choice, 550-850 pounds, 7.00a8.50; dium. 5; cows, good and choice, 4.25; low cutter and cutter, 2.25a3. bulls (yearlings _excluded) ' good and choice (beef) 4, and choice, 8.00a9.25; medium, er and feeder cattle—Steers, good and choice, 500-1,050 pounds, 6.00a7.50; common and medium, 5.0086.00. Sheep—Receipts, 9,000 head; mostly steady early; good and cholce native lambs, 7.75a8,50; top paid by cuy ‘butch- er; around 80-pound Idahos, with- out sort; fed yenrllna. 5.00a ,25. some lambs, 90 pounds down, good and choice, 7.50a8.65; medium, 5.75a7.50; all weights, common, 4.50a 15.75; ewes, 90-150 ds, medium to choice, 1.00a2.50; all weights, cull and common, 50a1.25. . POTATO MARKET. | CHICAGO, June 19 (P (United | States Department of Agriculture).— Potatoes, 89 cars; on track, 249 cars total United States shipment, 1,221 cars; new stock slightly weaker, trad! rather slow; sacked, per hund:edwel.ht Louisiana, Texas, Mississippi and Ar. kansas Bllss 'l‘rlumphl No. 1, 1.50a1.55; | few 1.60; slight to medium decayed, some unclassified, 1.30a1.40; Alabama, | {1.4521.50; poor, 1.30 up; North Caro- lina, barrel Irish Cobblers, 2.50a2.60. S CHICAGO DAIRY MARKET., CHICAGO, June 19 (#)—Butter, 36, 115479 tubs; unsettled; creamery spe- | clals (93 score), 22%-:2% extras (92 score), 21%; extra firsts (90-91 score seconds- (86-87 gcore), 17a18; Stand- ards (90 score centralized carlots), 22. un- packing sows, | 1, medium and good, 275-500 pounds, 5.15 New York Cotton Special Dispatch to The Star. NEW YORK, June 19.—After a quiet day, with small price changes, cotton advanced sharply during the last hour today on active covering and a general absence of contracts. The close was steady at 22 to 26 points higher. Spots were 25 points higher at 8.85. SHORT-TERM SECUBITIES uunomd by J. & W. Seligman & Co.) Bi Cor) Bell Tel. of cnn-d- u California Pet. 4.25a6.00; common and medium, 3.508 | Shife S, 0024.50; cutter to me- |G, dium, 3.25a4.25; vealers (milk fed) good | Goody .50a 8.00; cull and common, 5.0086.50. Stock- | ik Portlend General Elec. 58 Republic Tron & S Sinclair Crude OIl Co, Datica Brw Vireinia Ratlwey & Pow: Western Blectric Co. Wheeling Steel Dullness and Weakne: NEW YORK, June 19 (Special).— The effect of a dull stock market has point of its recovery a week ago There has been no increase of liquidation. The heaviness in leading industrial shares and the ease with which they have | been forced down reflects an absence of support from their ordinary sponsors. It is cant that in’ the latest "| reaction of the market the industrials have been much softer than the rails. Apparently there is some senttmental value marketwise io the tion of the carriers for higher freight rates. M average prices stood at the opening of business today, a little over one- third of the reccvery from the June 2 minimum prices had been canceled. Eggs, 22,260 cases; steady; prices changeds . . Paris is to eliminate its overcrowded slums, b | C., FRIDAY, JUNE 19, 1931 Trade Reports ‘at a Glance By llu A.lmllted ——— Press. EW YORK, June 19.—Tabloid, reView of business conditions in thé wholessle. and Jobbing trade, the retail trade, and manufacturing and in- di ustry, as well as the state of collections, reporm week fron the following centers: Kansas City. Baltimore .. ‘Whole lesale Manufactur- and Jobbing Retall ‘Trade. Trade. o Brldltreen this crap.l‘ !low Slow Slow Slow Good Quiet Slow Slow Fair Slow Slow Slow Fair Quiet COMMENT. Quiet Slow Falr Pittsburgh—Steel industry feels decline of automobile production; coal strike situation a little improved. Louisville—Wholesale dry goods and men's furnishings quiet; manufactur- ing on part Cleveland—Iron time. and steel at 45 per cent; building slow. Detroit—Automotive industry tapers off; retail trade lowest this year, Milwaukee—Tourist trade smal low retall price: rain helps crops, Chicago—Steel at 38 per cent capacity; wholesalers improved. St. Louis—Shoe industry moderately increased; women's wear slightly better; men’'s more quiet. Minneapolis—Retall trade to he helped by conventions; building increased slightly; flour shipments one-third of capac! ity St. Paul—Wholesale dry goods improved; retail trade in seasonal lines fairly active. Duluth—Rains help crops. Omaha—Department ltore sales slightly off; ice cream and vegetables showed improved sales. Des Moines—More optimism, but little active improvement; cattle prices slightly better. Kansas City—Retail stocks low; flour mills 60 per cent of capacily; many lead and zinc mines closed. Baltimore—Retail trade helped by demand for Summer apparel; slightly improved. Sales DOMEST! in thousands Qunso 1 IC BONDS. h. Low. Close: lumber Pus B P & L 55 C 50 Alubank Pw 41z ‘61 0§ 7 Aluminum Co 55 '52 104% 1 Aluminum Ltd 8s 95 13 Am Cmwlh Pw 6s " 1 Amer Beating 6s '36 2% Apl:lhchc'()n 65 "4 c £ 99 ower 45 nalm u- Inv 55 ‘54 ww & L 2 44 3514 13 Georiia Bower 3a ‘81 10154 3Gillette § Raz 35 40 932 Gozb B 6'as A 35 ww 607 '57 m:’ $ Thsull UCiit 63 B '40 84! 1 Intercon Pw cv 6s '48 3 ¢ Intern Sec Am S5 47 AND gl PELI LRI T LR LERH Fi_When issued. MEXICAN AUTOMOBILE MARKET IS IMPROVED By the Associated Press. | parts and materials has been opened up | further by a substantial reduction’ in necessary in the assembly and con- | struction of all types of passenger auto- mobiles and trucl It is effective on | June 23. | Commerce Department officials said the new edlct is for the purpose of en- couraging the esunmnmem of automo- | tive assembly plants, and importers will | have to certify incoming shipments are 4 |for use in industrial plants established in_the republic. ‘The decree provides that loose parts % |and materials imported under these con- ditions will be subject to import duty at the rate of 6 centavos per gross kilogram and those for all types of automobiles 363 |for transporting merchandise at _the rate of 3 centavos per gross kilogram, excluding in each case the weight of those pieces or prime materials of Mex- ican origin. Markets at a Glance NEW YORK, June 19 (#).—Stocks ; industrials sup- Foreign exchlnm easy; Spanish peseta weak. Cotton higher; higher cables and covering. Sugar easy; trade selling. Coffee steady; firm Brazilian exchange. CHICAGO, June 19 (/P).—Wheat steady; lmlll.lh ‘weather and crop re- perts. ; dry weather North- ;ua c-me irregular. Hogs steady to Oxford street, one of London's buslest fares, claims the safety record there being only 30 fatal for traffic accidents there in the last seven BOND AVERAGES By the Asseclated Press. FRIDAY, JUNE 19. 167.8 73 ‘The Mexican market for automobile the rate of import duty on materials | FINANCIAL, MOTOR VIBRATION 10 BE MINIMIZED Engineers Plan Removal of Shocks Which Lessen Life of Cars. BY DAVID J. WILKIE, Assoclated Press Pinancial Wriler. DETROIT, June 19.—One of the ul- timate objectives c' automobile engi- neers—the complete elimination of vi- bration from imotor cars—will be a step near in the 1932 models, if advance information obtained unofficially in au- thoritative sources regarding next year's cars proves to be correct. By complete elimination of vibration, the engineers are seekihg removal not only of the up-and-down and side movement of the car body that accom- E‘n!a forward movement of the ve- icle at certain speeds, but also the vi- bration, unnoticeable from the seat, that wears on unseen parts of the motor, ciruuu mission, gearshifts and differen- tials, Life of Automobiles. It is one of the anomalles of the motor car industry that while, through tories, it is sfriving constantly to build better automobiles, it is depending in wear out and must be replaced. In this connection, Chamber of Commerce has placed the “average life of the average car” at seven years. This estimate covers an analysis made in 1930. In 1929 the average life was estimated at 6% years. While the ! construction and progress in the build- ing the future gathers no small amount of epcouragement from the fact that more than 5,000,000 automobiles now in use are long overdue at the scrap heap. The obsolescence of most of these cars is due to simple mechanical ex- haustion, while the remainder are out| of date. in appearance and construction. The actual demise of a largé part of the obsolete cars is expected to be hast- ened by the passing of good driving weather. Many car owners whose ve- hicles will come to the end of their ex- istence with the coming of Winter will| not replace them until 1932 models are introduced or even later, but the indus- try looks for another upward trend in retall demand with the coming of Fall. Generally motor car manufacturers its engineers and its research labora- Managers down to tne no small measure for its future exist-; ence upon the fact that automobiles | the National Automobile | industry may point to the added three | months of Jife as indicating sturdier | |ing of better cars, its optimism regard- | | | | United States z¥x A—15 down vehicles, however, some makers are to mdvance the presenta- tion of thir next year’s miodels. ' New Model Policy. Just how much, if any, benefit was derived from ths “no Midsummer mod- els” by a majority af the jmotor car makers M this year re- mains to be decided at the next general me:ting of the industry’s executives. That it was not rigidly iived up to by the industry is not denied. At the same ime sponsors of the movement assert they did not expect 100 per cent observ- ance of the policy during the first year of its operation. A new model Plymouth car is ex- pected to make its appearance within the next few weeks. This became known coincident with reports that the - Chrysler organization is planning an - eggressive bid for a larger part of the - business in the lowest price fleld. It is almost a tradition in tiie auto- - mobile ind 'y that whenever a manu- facturer nounces a new low-price model gossip immediately spreads of _ a “war on Ford.” In discussing reports ~ of his plans regarding the new model Plymouth car, Walter P. Chrysler, head ~ of the Chrysler Corporation, said that - whatever his plans were they have no = more reference to the Ford organiza- tion than to any other automobile manufacturer. It is generally accepted throughout ~ the industry that the low-price field is to witness a selling campaign more - vigorous than any that have gone be- fore. Conceding that the buyer has all the advantages of the present motor car - market, sales executives are continuing - their campaigns of educating the dis- tributor organizations from the zone managers down to the salesman and Whatever else may be said of the automobile industry, it 5 not sitting by _ walting for business to pick up; it is taking advantage of every chance to - stimulate confidence and promote the return of normal conditions. |U. S. COTTON EXPORTS SHOW FURTHER GAINS By the Associated Press. Registering an increase over the cor- responding period of last year for the fourth successive month, the volume of cotton exports during May topped those of May of last year by 126,000 bales. Statistics filed with the textile divi- sion of the Commerce Department re- veal May exports totaled 336,000 bales, as compared with 209,000 bales last year. The value of $18,746,000, how- ever, was approximately the same, due to the fact that current prices are from 40 to 45 per cent below those of last year at this time. Exports for the 10 months from Au- gust. 1930, through May, 1931, consti- tuting the American cotton season, to- taled 6,241,000 bales, indicating but a slight decrease of 88,000 bales from the have been observing the agreement to|total of 6,329.000 bales in the corre- the annual automobile shows. withhold new models until just befor: |sponding. period of Antici- | value of the exports for the 10 months pating an increased retail demand with |of the cotton, se the arrival of cold weather that will 142,000, againist $627 force out a large percentag: of the run- | being due to low pricgs. 1929-1930. The ason amounts to $394.- 000, the drop JUST ADDED 12 TO GROSNER’S SEMI-ANNUAL CLEARANCE! PRICE For A Special Group of Fine Kuppenheimer SUITS $50 Kuppenheimer Suits reduced to. . $55 Kuppenheimer Suits reduced to..... $60 Kuppenheimer Suits reduced to.. .. $75.00 2l SO0 ALTERATIONS at ACTUAL COST Our Regular $2.50 SHIRTS ' reduced to d shades and . white with Soli collar attached. Neckband styles in white only. The excellent con- struction of each shirt is obvious. $1<,45 (Copyright, 1931, Btandard iamuu Co) CROSNEIRS 1325 F STREET