Evening Star Newspaper, August 18, 1931, Page 13

1931, AUGUST 18, FINANCAL Swomr yyy K. 137 DECLINE IN PLANT ACTWITY IS NOTED ! / Use of Electriui:i Energy Drops During Ju+—Food Factories Astive. EVENING STAR, WASHINGTON, D. C., TUESDAY, NEW YORK, Al t 18 (#).—Stocks irregular: selling ‘motors stops early rise. Bonds irregular; Germans active and higher. Curb firm: olls in demand. FINANCIAL. THE Received by Private Wire Direct to The Star Office Everybody’s Business Sharp Decline in Stocks Is Regarded as Technical Read justment of Market—Policy of Selling Out on Falling Prices Atiacked. B BY DR. MAX WINKLER. ‘ | " | Special Dispateh to The Star. | NEW YORK, August 18—The recession in the New York stoek | market yesterday was largely technical in nature, !ollo'\n"l week | of rising prices. It was also helped by reports fram Basle that some | et oo disagreement has developed in regard to short-term credits to Ger- | Special Dispaich to The Stas many. However, leading traders confi-1 NEW YORK. August 18 —Industrial dont:all"y look l!y"d l“ ll&rflnct,ory axdjust-i| activity suffered from he usual mid- ment at an early date. summer relapse in " i It will be recalled that the successful | por cent from w’::‘ :‘;‘::‘a: offering of the Dawes loan to American |, e’ Sevet prosalith I’M 1896, investors coincided with the arrival of the s p Byl L 2 Graf Zeppelin in New York, and that the | 8ccording to Electrioal ‘World's month- success of the Paris conference, which re- | 17 survey of electrical eiengy consump- sulted in the creation of the Young plan,|tion in 3800 menuficturing plants was also announced almost simultaneosuly | throughout the countr:. The decline with the arrival of a German dirigible in | brings the summer my.Znum—or what the United States—is it not possibie that | i presumably be 1 minimum—ai- the expected arrival in the United States amost down to the L7 peimt of winter. Note—All stocks are sold in one hundred-share lots excepting those designated by the letter s (80s) (250s). ~Prev. 1981 Stock and Bales— High, Low. Dividend Rate. Add 00, Open. Als 4% Acetol Prod A. A Y 114 Affiliated Prod 1,60 11 22 100 Ala Pow pf (8)...... 258 102% 90 Aluminum Co of Am.19508122% Alum Ltd cum pf(6). 255 92 Am AustinCar...... 1 Am Cit P&L B b10% . Am Com P A (b10%) Am Cyanamid B Div Margay. .. May Radie (1) Mead Johnson (141 ) Metal & Mining Mid West Ut (b8 Mid W Sts Ut h10% Mining Corp of Can. Mo-Kan Pipe L (A) Mo-Kan Pipe L (B), Mountain Prod (1).. Nat DPrpf A (7). Nat Family Stores af Fuel Gas (1). at Investors. at Borvice......... Nat Sh T Sec A t6ic. New Eng T& T (8) New Haven Clock New Jers Zine (13). Newmont Mining . NY Steamn (2.60). . 1ag-Hud Pow (40c) jag-Hud Pow A w. . Niag-Hud Pow Bw. . Nipissing.......... Nitrate Corp Chlle B. Nordon Corp Ltd. . .. NoAmL &P (b8%). North European Oil. Nor St Pow A (8) Ohio Brass (B) (2).. Ohio Copper 3 Ohio Ol cu pf (6)... Oilstocks Ltd (A) Pac G & E 1st pf 13%. *ac Western Oil FEATURE ON CURB List Turns Irregular in More Active Trading—Early Gains Lost. 7% e steady to lower. Hogs lower. - OIL PRICES ADVANCED. FINDLAY. Ohio, August 18 (#.—The Ohio Oil Co. today announced an vance of 15 cents a barrel in the ce of crude ofl, with the exception of the Wooster grade, on which an advance of 17 cents a barrel was announced. ‘The new prices were: Central West district—Lima, 85 cents; Indiana, 50 cents; Illinois, 70 cents; Princeton, 70 cents, and Western Ken- tucky, 65 cents. ‘Wyoming flelds—Elks Basin, 80 cents: Grass Creek, 80 cents; Big Muddy. 60 cents; Lance Creek, 85 cents, and k Creek, 65 cents. 1081, 106 2 1 18% A% 1% 21 139% 19 B 1 BY JOHN A. CRONE. Mpecial Digpateh to The Ciar. NEW YORK, August 18.—Gains ranging from fractions to four points or more in the oll list featured active and irregular trading on the Curb Exchange y. Am Founders. Am Gas & Elec P ) Am Superp 18t (6). .. Am Util & Gn B vie. , Am Ut&G cu pf 1% .. Am Yvette (25¢).... Anglo Chil Nitrate Appalachfan Gas. .., Appalachian Gas wr. Arcturus Rad Tube. Arkaneas Nat Gas. Arkans Nat Gas A .. Art Metal Wks (80¢) Asso GEEIl (A) (al). Asso G & ElLpf (5) Ass0 G & Bl et (8). Asso Tel Ut (b8%) Atlas Util Corp. Atlas Utilities war. . Bahia Corp....... Bigelow-Sanford Blue Ridge Corp.. .. Brazil Trac Lt&P(1) Brit Am Oi1 C (80c) .. Brit AT B 1.17 4-5c.. Buckeye P L (4)..... Buff N&BP pf (1.60). Buff N& B P 18t (5). Burco ne cv pl Butler Bros......... Canadian Marconi. .. Cent Pub Sv Del Cent Pub Sve A bic . ‘ent Stat EI (010% ). ‘ent StE ev pf naé. tent&Bwn Ut (b7 %) ‘ent West P'S Aalls Chat Phoenix nv (1). Cities Service (g CitSYP &L pf (7T).. Claude Neon Lts Inc. COIONOML .o-veeoeen Col Oil& Gas vic. Cmwith & Sou war Com Wat Ser gl2%¢. Comstock Tunnel. . .. Con Gas Balto (3.60) Contl GAE prpf (7). Cont Shares cv pf Cont Shares pf (B) Cord Corp : Corp Sec ¢ 3) Corroon & Reynolds. Creole Petroleum Cumberland P L (2). Tis Curtiss Mfg Co (A). Cusi Mex Mining Davenport Hos ( Dayton Air & Eng. Deere & Co. . 3 De Forest Radio. . Derby Oil Refining Detroit Afrcraft. . Duquesne Gas. . .. Durant Motors...... Durham Du pr pf(4), Eisler Electric...... Elec Bond&Sh (b8 % ) Elec B & Sh pt (8). Elec B & Sh cu pf b Elec P & Lt op war. . ¥l Bhareholdg (b6 % ) Empire Corp........ Emp G & F cu pf (%) Europ E Ltd A (60¢) Fageo! Motor. . Falcon Lead. 2 Fedders Mfg Co A Federated Metals. ... Ford M Can A (1.20). 9% Ford M Ltd(36 3-5c) . Galena Oil Corp. Gen Aviation. & GenElLtdrctedss-ic ). today. Opening in & block of 5000 shares, lmm"lm & BShare sold a fraction below its previous closing quotation, but thereafter it held fully a half point above its initial sale. Cities Service moved with the oil rather than the utilities, running up about a half 3 Standard Ofls made the best showing in the petroleum division, though vir- tually the entire group firmed. Action on the Texas shuf today, along with estimated decreases in weekly crude output and the expectation of fufther advances in crude, brought brisk bidding for oll shares. Humble Oil quickly gained four points apd Standard Oil of Ohio opened up 2'; points. Gulf Ol rapi rose three points. Gains of a point or so were registered by International Petroleum, Standard Oil of Indiana, South Penn Oil, Standard of Kentucky, Vacuum Oil and Ohio Ofl cumulative preferred. Pacific Western Oil, which did not appear on the tape during the fore- noon. had fairly generously discounted its half-yearly earning statement which showed a loss of $688,521, against a net of $1.22 a share in the same period a vear ago. Derby Oil made a slight response to semi-official July estimates indicating net of $22,612 as against a net loss of $75053 for the first six months of this year. Mead-Johnson was the weakest mem- ber of the food specialties, MacMarr Stores was a trifie higher in early deal- ings, but its movements were overshad- owed by Great Atlantic & Pacific Tea as it opened up three points and widened that gain. Walgreen, with a rise of a half mlnt, moved quickest in_the drug chains. National Fuel Gas braced, while Co- Jumbia Oil & Gasoline slumped. Pipe lines lagged during the first several hours. Just as crude rubber was mak- ing a historic record low price of 4.90 cents a pound on the local exchange, ! a block of 100 shares of Sieberling Rubber sold at 675, off 5. Chatham-Phenix Allied Corporation, recently acquired by Atlas Utilities, in- clined to heaviness today after its 2%- point sprint Monday. Prudential In- vestors preferred lost a point. ‘Transcontinental Ailr Transport rose fractionally as a subsidiary showed July mnm traffic up 26 per cent over and air mail 37 per cent higher, along with a gain of 15 per cent in express poundage. INDIAN. FOREI.GN TRADE SHOWS SHARP DECLINE By the Associated Press BOMBAY, India, August 18.—The ef- feet of Mahatma Gandhi's civil dis- obedience movement and the boycott of British goods, coupled with the gengral economic depression, on India last year was indicated by official statistics issied today, revealing a slump in foreign Poreign trade at India's three prin- cipel seaports, Bombay, Calcutta and Karachi, for the year ending March 31 was shown to have decreased by $520,000,000, for a total of about one- third less than the previous year's trade. For the first time since India be- came & part of the British e Great Britain yielded the pride of pl in trade to Japan, largely because of the Indian boycott of British goods tured the Indian cloth market. ports from the United States suf- fered heavily, especially automo- biles, which for the Bombay sidency alone declined from 6,246 to 2.735 cars, This, however, was owing to the gen- eral commercial situation rather than the boycott. CHICAGO STOCK MARKET By the Associated Press. CHICAGO, August 17.—Following is the complete official list of uumfom in stocks on the Chicago Stock Ex. | change today: Baier 8T 100 Abbot Lab P PO S Tt of the Do-X from Brazil may ako syn- chronize with the announcement of the suecess of the present conference at Basle, under the direction of Albert H. Whggin? Investors’ Position. Two years ago investment trusts were! among the most pular media in the Unmg States for the investing of capital Banking institutions which did not create trusts whose securities could be placed on the market were regarded with suspicion by investors. Today these institutiony are just as anxious to dispase of their trust aflidtes as they were in creatin them. From the standpoint of the holder the question may well be asked | whether it is fair to sell out at what many regard as botton1 prices, | especially when they were in a number of cases called upon to make | their inves.™°nts at vhe top of the boom. | Economies Effected. To combat decliring profits, enterprises in the United States are | effecting drastic ecanon%les wherever ible. The latest example is | furnished by the Atlantic Refining ., which reported for the first half of the current year a decline in cost and expenses of about $11,000,000, as compared with the same period last year. At the same time profits decreased by about $16,000,| Anticipating better days in the eil industry, dividends to stock- | holders were continued, even though the rate was cut in half, as com- in pared with 1930. Stocks Depleted. Gradually, manufacturers and busi- ness men throughout the United States are discovering that they have gone & Dbit too far in the hand-to-mouth policy which they have been pursuing for al. most two years. Many find themselves undercommitted on materials for im- mediate delivery. This applies espe- cially to the automobile and automobile COAL OUTPUT DROPS. | By the Associated Press. Production of bituminous coal regis- . |tered a slight decline during the week ended August 8 as the output was measured by the Mines Bureau. In the totals that follow, production is given for comparable periods, based on re- ports to the bureau: Week ended August 8. 6,795,000 tons; previous week, 6,812,000 tons; same week last year, 7,839,000 tons. the same an actual decrease !', g:lm one (fully l.—,nr survey report #ifs. that while operatior below the dex now s only it was at the corres): time last vear, whereas a few ago the Ispread was 20 per cer ! The decline is due .7ainly to the in- uepece of a few nu.mtw In Pantepec Oil : Paramount Cab Mfg. Parke Aus & L pf(2) Pender D Gr A (334) Pennroad Corp (40¢) Penn Mex Fuel (T5¢). Peoples L&PWr (A). Perryman Electric Petrol Corn war » Thilip Morris Inc Pilot Rad Tube A. Pines Winterfr (1).. Plymouth Ol (1). Potrero Sugar Premier Gold (12 Frod Roalty (b10%). 2 Prudential Tnv pf(8) 200 Pub Uti] Hold war. .. Pub Util Holdxw.... 3 Puget Sd P&L pf (6). 108 Reliance Int A Reliance Int B. . Reliance Manag Republic Gas Corp. . Rock Lt & P (90c) Ryan Consolidated . . Safety Car H&Lt (4) B0s St Regis Paper (60). 13 Balt Creek Pro(1.40). Seaboard Util (28¢). al L & H (a50¢).. iberling Rubber lecred Industries. . attuck Den Min. .. enandoah pf (ad) . Wil (1415) DR. MAX WINKLER. BONDS ON THE CURB he manufacture of » {and accessories each 7 has shown a falling @ litself is not abnori) | 35 Alabama Pw 4128 38 Alabama Pw 415 3 Allminum Co’ 55 2 Aluminum Lid 8 Am Cmwih P 67 9914 67 9914 13 108 INVESTORS’ SYNDICATE RESOURCES INCREASE | pecial Dispateh to The Star NEW YORK, August 18.—Total re- sonrces of Investors’ Syndicate in- cessory business. | creased $682,805.39 in July, according to o r: i t. | & report issued yesterday by E. M. Rich- & gy ""’; e habit | ATdson. secretary and treasurer of the merican exporters of introducing systems which have been | COmpany. Assets as of July 31 were successful in the Usited States inte | $43,498.420.93, showing an increase over other countries, irrespective of whether resources as of December 31, 1930, of such systems are in accord with the| ., gaq 30512, -up of Europeans, or Latin Ameri. e Improvement in the liquid position It is probably because of this dis-| Of the y was a feature of the position to Americanize the world that | report. on hand and in banks in- an American manufacturer of umbrellas | cTéased $128.833.61 in July, and the to- shipped on consignment merchandise to | tal a8 of July 31 was $924.868.82. Antofagasta, where it has not rained in centuries, and where it is not likely to rain in centurles to come. Similarly, a Bonds consignment of snow shovels from the | fi:."" v e t Panams ' $198,848. United States once reached T i g M By m City. _,on city residential property amounted [$1.20. An American chain store, in conjunc- | P $32.933.992 | ot lus and reserves on July |'stockholders « tion with a British group. is about to | 0 $33.085.0% set up self-serving equipment in Eng- | o, CORiC SUPRR, 889 SPCOL I “iny company mives crease of $57,839.38 for the month. princieplly §:d. Jand in the near future. The success of such a system in Europe would seem rather doubtful. German Situation. There seems to be a decided misun- ders.anding regarding one phase of the German situation. We have been hear- ing » good deal of late that the solution of Germany’s fiscal troubles lies entire- hands. Those ly in Germany’s own i holds this view remind us that| France's financial troubles some six years ago did not right themselves un- til Prance, under the able leadership of Raymond Poincare, determined to work out her own salvation. The two situa- tions are not at all com) le. France had no foreign debt to of. except the debt to the United States Government. This, however, did not bother her much. ‘She had no short- term engagements abroad of any nature. France was also receiving hundreds of millions of dollars by way of T - tions. Nor must the large invisible in- - come of the country, represented espe- gy | Ky cially by tourists’ expenses, be under- | bot4 LaPalLss 7. . I estimated. f How about Germany? Her foreign “ debt is very large. Her short-term en- gagements are crushing. Her invisible income is relatively unimportant, when | compared with that of Prence. It/ would, therefore, seem reasonable to | conclude that, while Germany, by ap- | plying self-help will achieve much, the | problem will not be solved entirely un- | « | less and until foreign assistance is forth. | 6 ° | coming. (Copyright. 1931. by th Newspaper Alllance, Tne.) ™" 188 109 B8R waa Denhe~ South Corp. .. “ee Southern Nat Gas. Southld Royalty 20c S W Gas Utilities, .. and Motors . Stand Otl of Ind(1). Stand Oil of Ky 160. Stand Ol Ohio (21) 600s Stand Screw (6). 2658 Starrett Corp . Starrett Corp pf (2). Stra: (Nathan)... Strauss Roth. . Stutz Motor Car. Sun Oil (b5%) . Swan Fineh Ol Swift & Co (2). Sylvanite Gold Mine Tampa Eleetrie (£2) Technicolor Ine Tech Hughes (80c). . Tobacco & All Stks. . Tran-Con Air Tran Trans Lux DL P 8. 2% Tri-Cont Corp war. .. Trung Pork Strs (1) Tubise Cantilion (B) 4 Union Ofl Assoc (2) Unit Corp wa Unit Founders. . Unit Gas Corp. Unit Gas war . Unit Lt & Pw A (1).. Unit Milk Prod 4 U8 Dairy (B) . U 8 Elec Pow ww . . U S Inter Sec 1st pf.. 2 U & Playing Card 21 3008 Unit Stores. ...... 1 Unit Verde Exten (1) 3 Univins (1%)...... 50s Util P&Lt(at1.027%). Ut PAL B(at1.02%). Utility Equities . Vaeuum O1l (2)..... Van Camp Pkg pf. .. Venezuela Petroim. . Vick Financlal (30¢) Walgreen Co. . Walgreen Co war Wenden Copper . . . Woolworth (FW)Ltd 0il & Gas. ’ Ygatn S&Tu pfisle). 208 90 rates in doliars based on liast Ex divides fPartly exira Jabove “the 1ow gust. Leather edod we! winter and eariy spring levels. Dividerd Inmoreased. 18 (). —Di- of $1,003,965.75 | Kirkland Lake, Ontario, today ~X-] mortgage loans [ the ual diidend rate to 5 Pisk Rubber 5 23 Florida P & L 8 1 Gatineau Pow 8s '41 2 Gatineau Po K 3 Gen Mot Gen G&E cv pf B(6 Gen Leather. . ... Gen Theat Eq cv pf.. Georgia Pw pf (6) ... Glen Alden Coal (4). Gold Seal Elec new Golden State Co Ltd. Goldman Sachs..... 5 Gt At&P T nv (16%) 1208 Guif Oilof Pa (1%3). 27 Hamilton Gas ret Happiness Candy Hazeltine Corp (1).. Heela Mining (40c).. Horn & Hard (2% ).. Humble Oil (123%). . Imp Ol of Can (50c). imp O Can reg (50¢) . Insull Inv (b6%) . Insurance See (40c Intercontinent Pet n int Petroleum (1) Int Utilities B Int Utilities pr pf ( Interstate Equities Inter Equ c 1 % Irving Air Chute (1) o 9% Italian Superpow A.. 3 p 1 g Kolster-Br (Am §h 8 Lackawanna Sec Plvldfnd Lake Shore M( nual payment Payable in cash_or » Leonard Oil Gividend, _{PIas 8% in ‘steck stock JPlus 2% in stock. &k stock. Plus % in stock. D Pai A Banking Connection 2 1 1 3 1 « 8 A Pt 34 27 12 1 With any American Security Office affords a valuable contact with all de- partments of this strong bank and with executives who are capable of inter preting its broad policies in terms of your individual needs. Every Banking and Trust Service 18% | ) “ High. Low. Close. | . | jas e e O | ‘| “2Mion P& L 4gs 78 1% 9 Miss Pow ™18 90 90 I or emi-an- i stock A4 ustment n Blus 17l B 1w 113 . 1% quart 5 yable in stock Plus 6% in stock. us® 10% " in stock id last year—no reg: b idata = ST 15th and Penna. Ave. Branches: 9000 =& GBS me, 3 el 80 Comwith Edis 1480 Cont Chicago . STOCK AND BOND AVERAGE By the Assoriated Press. TUESDAY, AUGUST 18. Baltimore Markets 2, Northeast— 8th and H Streets N.E. Northwest— 1140 15th Street N.W. Surplue—$3.400,000 g Central— 7th and Mass. Ave. NW. Southwest— 7th and E Streets S.W. Capital—$3,400,000 By the Associated Press. CHICAGO, August 18.—Under a bur- den of stop-loss selling, September and December corn and all deliveries of oats outdid this sesson’s low price resord to- day. December corn sold at the bot- tommost figurss since 1900. Wheat dis- played relative steadiness, stimulated by | repcrts of black rust more threatening in Canada and confirmation of crop | damage in Italy Corn closed nervous, 14-7 ceat lower than yesterday's finish, wheat wnchang- | ed to 3, off, oats %-7x down, and pro. visions at 5 to 15 cents decline Low 48%, Buo Special Dispatch to.The BALTIMORE, Md.. August 18.—Pota- toes, barrel, 1.5082.00; sweet potatoes, bushel, 60al40: beans, bushel, 40290 beets, per 100, 1.50a2.00; cabbage. bushcl, 40a50; carrots, per 100, 2.00a 300, corn. per dosen, 5a10; cucumbers. hamper, 25a40; eggplants, hamper, 40a 60; lettuce, per crate, 1.7527.00; lima beans, hamper, 40a65, okra, bushel. 1.00 22.00. peppers, hamper, 20a30 onions, per 100 pounds, 7581.00; peas, per crate, 2.00a2.25; squash. per bushel, 50a70; to- matoes, crate, 25a40; apples, bushel, 25a | 1.25; blackberries. per quart, 8a12; can- .| teloupes, per crate, 25150 Dairy Market. alive—Chickens 19225. Legho: 14a18 roosters, 14al5. ducks. 14222 pigeons pair, 20025. guinea fowls, pair, 40875 Eggs—Receipts. 918 cases: current re- ceipts, 17a18; hennery whites, firsts 21a28 Butter- 2 ors 0B asree oo masces o en 100 Gt Lakes 1400 Grigsby-Grunow Hall Print 22328 WeTSuhut Bas =3 Gmanmiskamaainm LU0y o L L RS High, 1931 Low, 1931 =23 o5 o s2s¥s S WHEAT- cl % | September @ December March May CORN.- September Diecember Aerch May =3 52 Low, 1929 10 Utilities, 100.9 101.1 1012 1014 Poultry. oung, 20a 30; old hens. Today Previous day Week ago Month age Year ago Two years ago Three years ago High, 1931 Low, 1931 High, 1930 Low, 1930 High, 1929 Low, 1929 * New 1931 low. Copyright, 1931 plain to fair plain, 4.5085.00 common to| SAFEWAY STORES PLAN Hogs~Recelpts, 400 head; light sup-| T ACQUIRE 1,300 UNITS ply; market lower; light, 7.85a8.10: The proposal of Safeway Stores, 4.5 D 2025 2 South Calif Ed 5s 'S1 106 17 South Calif Ed 35 '52 108 18ou Calif Edis 38ou Calif G 4 #Southern N G ds 1South L&P 5'os A '3 3 Southw” Nat G 65 45 September December Vay o t Leather Secur Inv E mber RY pie: | BRee My New York Cotton Special Dispatch to The St NEW YORK, August 18.—The cotton market was again under pressure today and rrleu worked off until Oelober sold | within 6 points of the Jow levels of the year made a week agz. Spot houses appearcd to hive a few | more than has been the case of | late and December contracts broke be- Jow 7 cents a . Frices balow.the reastor ended the day 15 tb 18 points lowe: than on Monday. Spots were reduced 15 points to 6.70. Cotton range: fancy. process. ood and 2631, laciles, 19a20 store packed, 15a16 Hay and Grain Prices. “| Wheat—No. 2 red Winter. export. no quotations; No. 2 red Winter, garlicky, spot, domestic, 51, August. 51; tember, 51% | Corn—No. 2 yeliow, domestic, 69; cob | eorn. 3.25a3.50 per barrel Oats—No. 2 white, domestic No. 3, 30a31 Rye—Nearby. 40a45 Hay—Receipts, none. General hay market i8 quiet. Receipts ample and outward movement slow. Competition of pasturage making itself felt. Fair to good timothy and clover mixed hay (old) ranges frim 18.00 to 20.00 per ton Between seasons now and situation very unsettled. | Straw—No. 1 white. 9.00a9.50 per ton; No. 1 oats, 9.00210.00 per ton Live Stock Market. 3 creamery i 21222 36 i3 WE SHOULD like to offer our facilities for the placing of your in- vestment funds . . . For more forty years the H. L. Rust Company has been making first trust loans on im- proved properties in the District of Columbia and adjacent Maryland Sub- urbs. Investors have found the notes SAFE in the abundance of the security —CONVENIENT in their denomina- tions—PROFITABLE in the highest interest yield consistent with a conservative investment. 80 Pertect Circle 198 Plnes”winier Foces. hd Gas & B 65 66 983 ndad PhL 6 3T R R4 23 N [ 14 D a0 2 5 Standard Statistics Co.) rr 31a32 $.0085.50 uu,u- o [PIOTTSTRPPRIN. 1PN > T e i3 2s5sFRatss Sgaaggans L 5 U e Ll A 1d of ortex Cu o G .fi& fi x Wis' ock o B S e 2 s F ¥ 7. d I ~gSzess heavies. 650a780; m-dium, roughs, 4.2525.28; light pigs. 8.00a8.25. e Sheep and lambs—Receipts, 500 head; | Which includes the local Sanitary and light supply, market steady; sheep, Piggly Wiggly chain, to acquire the 100';:&0 cfi::tul l;m:-, ‘A.oon."..' mnaurr Stores, Inc, would add 1,300 60.00 nd Springers, 30008 | now stores to the present Safeway's H o Calves—Recelpts, 50 head; light sup- |Chn of about 2,700 units. In the mer- Py, market steady, calves, 3.5088.50. | ger terms, &ccording to information prerH £l 55 2030 55 A ‘57 & 5s E '56. 103% it o % o ga% on P&L & L& ks o8 Lo - ¥ S¢ 1934 983 ry Bl & G & Co 5: 1944 103" $10.000. Jes today. o e Nt 1y d BALTIMORE STOCKS. Svecial Dispateh to The Star BALTIMORE, A it 18— A Arundel Corporation . 1 d itimore Trust Oo reial Credit Gas 5 Last (,fllf 3 % »id 2 © eum pid A 107% e | Cattle—Receipts, 50 head; light sup- Pply; market steady. Stee: ice to prime, none; good to choice, 7.25a8.25: medium to good, | 6.50a735; fair to medium, 5.75a6.50; plain to fair, 525a5.75, common to plain, 4.50a5.25. Bulls—Choice to prime, none; good to choice, 4.505.00; medium to good, 4.00a4.50; falr to medium, 350a4.00; plain to fair, 3.252350; common to plain, 3.0023.25. H Sows—Choice to prime, none; to choice, 4.50a5.00; medium to 4.00a4.50; fair plain to fair, 2.50a3.50; 50a2.50. MARYLAND TOBACCO PRICES. BALTIMORE. August 18 (Special).— Receipts of land leaf tobacco con- tinue heavy, 2,370 hog: stock of 13,181 m%e“.:.d x?““‘m‘ 181 hogsheads in State to- bacco warchouses. Market continues active for the bet- grades at tl ings. banking hopes are justified | reaching Washington, is an optimistic |note for stockholders. A conditional | bonus of 2,000 shares of Safeway com- | mon is said to be offered the bankers | provided that earnings in any one year | prior to 1937. after completion of the deal, amount to $7 a share on the com- mon. This would lead holders of the stock to expect a nice upturn in per share earni when, as and if the CHICAGO DAIRY MARKET. CHICAGO, August 18 (#).— Butter, 12,765 tubs; s ; prices unchanged. 674 crates; . & 53 S IUIEBPLITLI[LLILE 3BR2TWBILS 503082 3TU2RLIVELESS U.'S. TREASURY BALANCE. ‘The United States Treasury balance, announced today as of close ¢ FIRST MORTGAGE NOTES 207,60).87. Cus- | to penditures were $5761,682.96 v — ‘Thirteen States, with a ‘otal com- of some 5.000.000,