Evening Star Newspaper, August 6, 1931, Page 15

FINANCIAL. Received by Private Wire DAIRY PRODUCT SALE |~ Everybody’s Diechisisne TOTALS $228,611,428 m—n&-%k n:;““?;?#“ m-b—? open. . 10w, i | Northeastern States Co-operatives Achievements of Hoover Administration in Relieving n 'x:-‘-im‘.xmf“ ‘,:;,‘. 13w oom Show Sucoess in Selling, Re- Unemployment Declared Worthy of Com- % 100 Long 1a'¢n ot B (6), 2008 106 106 106 108 ocent Survey Reveals, mendation—640,000 Given Jobs. 14 Mardalena Syna s . & ¥ - 82% Mapes Con Mfg 4 ~ 1% Mavis Bottling (A).. " 214 | By the Associated Press. S o :&v;:g::]:l::;l‘h }:’ m:::”" ”’:‘ the d:l. ’“"“c:"":: Special Dispatch to The Star. ”» I3 mar] more produ NEW o 14% Blid West Util (8%). Operatively than any other sgricultural |1 NEer m’}f‘ N e d-mwh:gmom' the Government % Mid 8t Pot vic B, ... commodities sold through their own | % PONEE BLOAVE Qi O ved ent 8 Mid Roy ov pf (2)... | associations in that ares. a & iways to fin $% Mo-Kan Pips L (A). Farm Board said today a recent | Who may happen to be out of work; it is % Mo-Kan Pipe L (B). y showed that 95 oco-operatives, 4 Mock Judson Voehr, mmd dal 2% Mon WPPSpfi1¥. 5.k e Utilities ~ Feature Marke OilsAre Firmer and Rails Weak. SR ey B»Sawe. @ 8 E Founders 974 481 Am Gas & Blee (31).. 110% 102% Am Gas & Eipf (6) 4% Am Invest. Ine (B).. B4 4% Am Lt & Trae (14). m Maraeaibo. . juperpwr (pdoe) " o Nat Mfgs & St 97 NatPow & Ltpt ¢ 121 Nat Pub Sv A (1.00). 1% NatService Co... ... 154 Nat Sh T Sec A $60c. 85 Neisner Bros pf (7 14 New Mex & Ar Land, 284 Newmont Minin, 101 NYP&Ltpt (6, New York, $91,814.840; lvania, icut, , )’ ¥ m] s & 1 ) 2 ! % | 319; New Jersey, $4.600.261; Delaware. 26 |$2,502,157; Rhode Island, $910,000, and 106 | West Virginia, $347,527 116% 6 14! | Baltimore Markets o 1. | special Digpaton to The star. AR g P 1 i S i ¢ Wwith relatively satisfactory 663 | potats 508,00 beans, 1, - m - ents cv;; $0; carrots, pet i ™ he regular dividend by General Motors ¢ caused little surprise. What the second half of year will show g i amper, 858 |is largely problematical. As things look &t the moment, & falling s B i oft, as compared with the first half, is not improbable. arl v .55) . gL ¢ '00: . |of the members of the Motors family, B 3 3 = Parker Rust Pr (3)..1008 i T B s 00 amcash, et busher, |tive month this year larger production than in the same month last ::‘:k’jffifi,“,’,;{;:,‘:z 78835 e e Al LR 1 G 30840; toma mper, 36a50; apples, | year, with earnings equaily impressive. % f ) - | bushel, 2501.25; biack , per quart, S B 40% 84% Bureo Incov pE (3).s Philip Morris Inc.... 14 per crate, 75a3.00. £ thel to beli hate: In days of stmess, people go out of r WAy eve Wi ver the atook of Te (oo LS T TSP 2 3. [PEREAIEE [ST T T =TSO, S JVPNEY- - JOTST I FAVINISE- (P eTITe 1) Noma Elec Cp(40c) Nordon Corp Ltd.... 15 Nor Am Avi.t A War. NoAmL&P (b8%). Ohto Copper. . . Ohio Oll 1 cu pt (8). Ohio Pow pf (8)..... 1 Oilstocks Ltd (A)... 3 Outboard Motor B... PacG&B1stpf1%. 3 i ’ i i i e !FE ! B " A Phosnix Secur Corp. 10 5 s | 10a15; cantaloupes, it L) Mark 2% % Ot Pun By Dal 1 6 3 ;nfum Tad Tl.u.).f' i .:v"" mfi; o hhmTore:.mDue b'f somet l‘l’qullldn‘u&n t‘lll - ml‘:flnfl; s ol . . 3 'ines Winterfr (1).. 1 Poultry, e—C] , young, one ant e sul juen! leclin Was o Bt Br ib10%y. 9 7 Pitney Bawes (b4%) 2 : 82; old , 19a25; Leghorns, 14als; Eblt Telephone would reduce the nuf m 'rmunmu this Cent West PS Aall Pittsbgh&L E(110) . .200s roosters, 12a15; ducks, 14832; pigeons, | nredistion, the case of United States Bteel is cited. Chain Store Devel. .s | o . B R oriots, 956 casms: curtems However, those who incline to take these senseless rumors at face > " Proc (" n@ e hennery. whites. Arsts, | Ylue, should remember that while 's earnings fully warranted 2 2 a cut in dividend, the earnings of llph:ll‘, even though slightly = 1a23. Pub Uti] Hold n Butter—Good and fancy, creamery, |Off, equally justify maintenance of present rates. Furthermore, the Yl:pub"e Gas C'urp 23827, ladles, 18a19; process, 20a2i; |telephone business is admittedly more stable than the steel busin Reybarn Co. ... store packed, 15. Bank Roster Shrinks. i il Hay and Grain Prices. What & complete reversal there is of . P 0 ‘Wheat—No. 2 red Winter, export, no | the situation existing in the United kgl vl o i quotations; No. 2 red Winter, garlicky, | States three, or even two, years ago. Al A Y - %|epot, domestic, 48%; August, 483 |At that time hardly & day passed off et Lo T w | Veplember, 80, which the formation of one or several iy e el N6, 2 yellow, Gomestic, 71a71%; | banks was-not announced. There were et e cob corn, 3.5083.75 per barrel. few street corners in New York which s i 4 Oats—No. 2 white, domestic, 33a34; | did not house & bank. Cynics remarked f e | No. 8, 3333, that banks had taken the place of R e ). Rye—Nearby, 40a45. saloons. i sy 18 Hey_Recelpis, noniea General hay | Todsy each day biings the disappeats Sherwin Wil (1434) .. market is quiet. Receipts ample and |ance at least one banking itu- 7% Siliea Gel otfs. . 4 % outward movement slow. Competition |tion. The closing yesterday of three : i of pasturage making iselt felt. Falir | banks in the midtown section of New (old) 8 58 z‘d ‘_s ;'a. ge2 it Clev El Illum (1. Col O11 & Gas vic 10 Coulm Plctures( % Co Picture vté (76e). 1% Omwith & Sou war.. 8 Cbm Wat Ser g13%8 3% 2 Censol Copper. 17% 8% Consol Gas Ut A 2.20 B4% 10% Cont Shares eofiv pf. 15 6% Cor? Corp. . 8% 2 Creole Petroleum. ;isgig Egc el Salt Creek Consol. et f { i I H i % i TaE! Wheeler, . 3% Crown Cork Intl (A) Curtiss Mfg Co (A).. Curtiss Wright war., Dayton Alr & Bng. oo B ,,. o =29a828:8 RETF =g eLrERr g i f | t! Singer Mg (115). timothy and ¢lover mixed hay e fanges from 18.00 to 20.00 per ton. Bouth‘flDlBl! mmm'mdmnmm R i 1 3 | Straw—No. 1 wheat, 12.00a12.50 per | gate, 4+ SW Penn P&L (1)... ton; No. 1 oat, 12.00a12.50 per ton. pecially a8 régards the retail merchant Stand ors. ... and trader of New York and the small Motors....... LI Live Stock Market. Stand Ol of Ind(1).. Cattle—Receipts, 250 head; light sup- manufacturer, whose business the closed Btand Ofl of Ky 1.8 18% | o * arket steady. ¥ institutions were 3 g‘“" g"éo”“‘“:‘)”” 3 :g:: Steers—Choice to prime, none; good du Pont's Prospects. tarrett Corp pf (8). 4 Stinnes (Mugo)....« 3 T e e SR, an e D, Seuion, foehieh s ot Strauss (Nathan) TR ATNG, SOt marketabllity of General Motors shares. Bwilt & Co (2) R gl The du Pont Co. apparently does, Syracuse W Mac B i 10 pilere, nons: 00} o o e part of its et Teck Hughes (60c). . L " 8% | to ehoice, none; medium to , 4.50a | Although holding almust one s of Thermoid Co cum pf. 3 18" | onr et o micatum, 0064507 UM | Aororus Mot Tor chch shate of W owa ;:T.n lxlm:“lzl.kl . A :{, al L 3.00a4.00; common to plain, ;wlc;n du Pont .:ge, not include c::: b .0083.50. 0] Am¢ e balance sheet Ung er Fin CP.. 27% | * Cows—Choice to prime, none; 800 | of marketable. securities. Un Nat Gas Can (1).. 10% .fhotcc. none; medium to rood. 4.00a | Nevertheless, the @eclaration of the 9% 9% . fair to medium, 3.50a4.00; plain dividend by General Motors is ! ; reglas [ u{':"s'o 25083.50; comfnon to plain, doubtiess » stzong point. in tavor ho‘tl&n Grain Market “Heifers—Choice to prime, none; §0odl | by the rapidly increasing profits of its 14 Gen Empire Cor (1 g::: 2:'.::," "z]u; :o cho:ce‘ g":on’lvoo. :;?numatgo‘ t‘ood‘ latest addition—Cellophane. & f aen T H r to medium, ‘5. . ¥ the Asgociated Press. ‘:; 8:: 'nux.;-a";;" "ou U 8 Elec Power w 4 f common 1o Sees Shorter Depression. CHICAQO, A Globe Underwr (15¢ US & Ini Secur. y Y +| plain, 4.5085.00. The present p:riod of depression 18| jeass & Seal El USinterBeo 1st3k.. 3 ‘Hogs—Receipts, 100 head; light sup- going to be of shorter duration thah|preak 'S Lines pf ply, market steady: light, 8.50a8.80; | previous crises, accotding to Philip D.|came to Uait Verde Exten (1) 7 | heavies, 6.76u8.40; medium, 8.50a8.80; | Wagoner, president of the Underwood- | had Uti) PRLY ~°1,’z)- roughs, 4.7585.00; light pigs, 8.25a8.60; | Elliott-Fischer Co. Commenting on an GrtA&P T pt Ut P&L B(a: ). pigs. 8.50a8.80. increase in business by his own com- § * .z bl N and ny, M. Wagoner ai uf Hamilton Gas rcts - B M. W tiributes the gain Hazeltine Corp (2) Vacuum O11 (3) ¥ head; "y sheep, the ability and the desire of Amer- Hudson Bay M & S .. 1 Venezueld Petrolm. . % X .50; , 4. 5. ;%il::i ‘al;;t;ms tonprotnu as rapidly as Imp Ofl of Can (50¢) :v‘::‘::“(;;'f'(‘s’o‘:)"“ . - o 2 . 4 s o ont Ak sbrvids o A 1he Co othe Am 1% Wenden Coppers 11 & Y% 44| piy, market steady’ calves, 3.5089.00. . 1 1 ‘Western Groceries 11 JhSance Saaciba) i % & Wlworth (FW) Ltd. 13 10% Investment Rules “Y" Ol &Gas....... 1% % 3 Broke mment RIGHTS. Expire, e int Superp (1.10). .. 3 . Westvaco....Sept 1 1 & & Int Utllitles A (3%). 34| Dividena races 1o doiiavs basa on ast quactersy of k] NEW YORK. August §-_Brokers' ad_ st:1' “";‘Gn ";'h:”“l:l: i b CHICAGO S L. 7' | nusi_paymen 1Party exira. 1Pius % in siock, | vices today rather- e tren consider’ g subject of fit- . . Int Utilities war ’ cash_ o ek, | ot the stock market locked lower, espe- | ting the investn..nt to the investor, the | P auinons: URchanged to 25 setba TOCK MARKET Interstate Equities.. 2 2 33 ! 10 ghiosk- hPlus 1% in | clally for the so-called blue chip is-|soufce of the funds to be invested is % Kolster-Br (Am 8h). B PO e 7o vt 3% 18 | uge, important. The situston existing on re- ) 1 4T | By the Associated Press. — - = Munds & Winslow —Inability of ciul;n of an unea‘pecud legacy is quite J -fi;\ OHICAGO, A 6.—1 market to rally, while individual issues | different from that when money has wE E + | the e il BANK CREDIT STEADILY REDUCEDVDEPRESS'ONS DECLARED . | SESLS Somnt e tns raits” safvests o e .°°:1 coae g sl pene m the on k: BUT FOREIGN LOANS REMAIN HIGH SPUR TO NEW BUSINESS L‘:};‘&;fi.‘“&:‘fi”%"mv‘:‘ that | ge e agined nowsdaye. sali | 4oy - LR AR 3 . I R FRERTEY MAERE |||= s oul cause a con- e, o g - 8B = 253este, g g § g i ; (] g | | I i g 4] g E -3 g i | 84! FETEEE E Eurep Elec deb rts Fairchild Aviation. 8he i §ess it Filorida P& L pt (7). Ford Mot Ltd 36 3-be 2 Foundation For 8h: 214 Fox Theater ClA... i (IR IPPUTITTPQUTSTS (TR 1 SN g i :g“ m& % 1% o " ' 1% - % 1g8% 108% . * R A % § £ § X, i i Fo28 i it 82 83 2! S R SRRl 3 fg‘“fif ?éfi::::l 838, 3 3SR * IS 83=8 339325 Todsei st FAFS SONw B Fe p3 e RS T ERERe as 90ES S e 2! $is! e ot i v in the short interest would make eisier a quick re- |speculators made it & point to set aside oaSe & & o “Men’s tinds always work faster in ~ which R depressions,” writes Reymond Willough- | Yersal of trend to discount Fall improve- |a regular sum for the purchase of an Collateral Lending by Membere of Federal n n e suust Nuions Business. | ment i snnuiey.” e knew, the hasards of s | “The result of new ideas developed now| XK. P. Hutton & OCo.—There is noth- | ness, with the result that the money he g wil mean pr rit; . | ing ut the action of the ted ve he it wh hy Rmrve System H‘l BGCfl C\lt ‘"“h e proepertty to & el of thee | SR SUTE ?fl $enor of the news, Stocks m b du.::.;: it. Arulm oo $891000.000 in Recent Week e e o e | RS S o e | e o ' public. No | intended selling, rarily tributions, but the principal 5; . 1n ecent eeks. customer-meking force such as the au- | in Lh:flhope (;( nbully m;nmm g og R . —_— e e | expansion of business am Now, few of that f 3 ';"“:"”; "h"‘"" is visible at the mo- | SXPARSOR, O, TRAINCE, B Hot. Bee | of watorsmiie e pon Pt ers: | Commere Bpeetal Dispat-h 10 The Star |town banks increased thefr participa- |MeDL. but hundreds of new things afe | one. Weakness in issues liké U. 5.|T once had a visit from a stranger Who sell ts, NEW YORK sAugust 6—Bink tredit tion by $93,000000 in brokers' loans. Planned. And the possibilities for s | Steel, W , American Tele-\|said he had received @ large sum of |©teds and liquidate the company, have sondaues o thew ot o rener e S el it S e | Sl P 1 SO0 | el el e S e sl e R . T gt and ot B¢ Wetne R b7 sharsheldes, 1t wes tew'! “flw‘;:m:mz: o reabuin of 41,015,000, 00 h;‘fb:mi“‘ +Among the latest innovations gre | (L5 1P m;.:'%‘z‘“. Huis Tavoraic | o DTt o uni: s ng R B Rl o eI ;. hud | A nk | ankle-h . absolu safe. , however, véstment into Iong terh. 1 80 fa% a6 the | Sedir nas peen tramsferred 1o bank | fruminy tall piidings, ominum for | jevel. e macotionsl Moet Of Nk, if we Bavd :::' .:g bmx;:dwng fi:‘f; ?ffiyofiofi:l; m'?go'fn , that item having riser only | for making interior concfete fl00rs,| Redmond & Co—Further liquidation the process is Strengthening the bank- | ‘roas T e e 8 i | eat-supplying rugs, glass brick to make | and lower prices seem inevitable in some - measure of the greater liquidity of bank | ‘hung’ bulldings absoiutely all-window. of the hl'l;]-pl‘iced stocks. ton, but the &hori~tenn 1oan— | credit. Reporting member banks, fnci- | T Ming or up b 90, 8ays—is the Teal | Gantaily. comprise about 0 per cent of | me o New Yack: ety ara 0g DUlld” | L eson Bosel “ Bani' 7 ot Tike Yo e the total bAnking resourc# of the B bu models 5 Thotise WHICh | tinde 1o refhrd the Fails a5 holGing the |Serving for a later time the reguire: s e e o iy | coUBtEy. | nangs suspended from o abricated steel | ey to the eurrent sicelc market situs; ments of those with & large capilal at | Extent " | pole set rock. tion a as ey show no indication of P al, % D I e g A “An_eleV8tor of a new type with cars | reversing thelr downward trend, we | There te three mediums of in‘est- To 3 garge extent the reduction Ifi| compareq with a nt available to th i year age. report rating separately in the same shaft | hold to the view that the whole market | ment available e yOung men ot bonct g R B e S i‘,‘:u“"c&;‘; city member banks have mage a ot g By g Ml e ‘garage, |18 likely to drift to lower levels before a | YOMan L‘:“ starting out. These are the ity Of demand, 4 iraction reduction of 41l loans of $2.450,000,000 |operated by one man who can feceive, | worthwhile rally will develop. The dull- L I e | e S o Sy t,Jerin paper i+ 4~ and have increased their inveltments park and Geliver cars without leaving | ness of leading stocks on reactions sug- |life insurance. ORly when it has T i = e e PO orst eocathc | $1,610.000,000, of which only §318.000,- | tho central control room is already in | gests that whatever liguidation remains established that these threg soutoes are proposed to exch 113, inds 1 the demand. Intersst rat™ A8 {00 has been in othet than Government | operation. £ be done will be AbsOrbed in orderly |Inadequite Will it 'Be in ofder to turn |Shares of Parke-Davis stock for a eduseqtience are JOw and bauk eANs gcurities. Deposits are down $452.000.- | “Real Wood which can be eut with | fashion. to the purchase of securities., o dioe Preferred And " fRSN ngs are low aice. 000. After a recent halt in bond buying, | scissors and bent almost double without ; s it o et o A * Bank Dividends Cut, this week's statement of reporting banks | breaking i offered in a new product | Hornblower & Weeks—Because the : . _|shows an incrense of $59,000,000 in | which combines the texti | rails have reflectsd investment senti- Even the pownrful British banks, $1- | investments, Stcompenied by & drop of | traciivenets Of natural wood with ihe |ment so clearly since 1920 and therefore STOCK AND BOND AVERAGES joying & higher level of interest rates ¢a) 000,000 in loans. | h head of Préss. 1000, iOey of heavy @i, ave run al of the general market. By the Assaclated Préss. [than "are 'ihe metrapoiltan Ametican s i s | O oren ot ra’iee’ was sold | Considerabie speculative- attention wili SHERASAY, e ity ave MMIdly theit e | - in Americh in 1925 At the end of 1980 | be dirécted to the performance of this g oy B R e e oy |the total production was 30,000 tons. | SFOUD OVEr the balanice of this week. holder catnol im- POWER OUTPUT OFF. | Bighteen plants Afe now operating. - from general trade depression. ‘gme oDt AT oW CTeretil | Shieids & Co—It is belived that qam« :‘G&Qh‘l the bulk of the de- NEW YORK, August 8 (# —Produc- Bas = i 1 ‘-)'P"m‘ny . Iry ice, numerous of the sc-eplled in New-York and other g ded August 1 showed | S —— fi%%fifl% ':‘j: vea "abo. “"‘_k":“fiit’t;rmucms DECLINES R e Ty | ecin grevious week, n - | SHARPLY DURING JULY While on the chance that wheg! 2u58558.! FEE e SEF 58 NS .'I‘SJ~ i;: o Sttt rgfass = i B 28! o S h T B T [ 22! Sonsws lfl:fi;x s IR - W e e 35, 85885 i o .85 25835 2es TBennEsien ST * R ST RS ;..au. L T ¥ ¢ s a8 & Fate 583 BUZ ¢ w3 sesEe SIE Fra By the Associated Press Orvis Brothers & Co—Resistance levels areund the June 2 lows in stocks N SRR Auewat 8.0 are tested, and this may continue - | for & would rather but we ra fi t the present time than 2RISR FEFF i oy B ¥ i SEARS, ROEBUCK & CO. POTATO MARKET. iit, and the Indlanapolis store will have a $175,000 addition. In Chicago CHICAGO, A t 6 (. —(U. 8. partment of Agricuiture)—] the y will ears; on thack, 121 cars; 3 k 2 troit and lndlllrwlh Sph. shipments, m;‘m firm ;m be providsd mt:m b Wu’ ® & e