Evening Star Newspaper, August 25, 1931, Page 15

THE EVENING . Received by Private Wire Direct to The Star Office 'atEvery'body’s Business Fingncial Aid for Great Britain Declared a Necessary. Step.in Effort to Restore Business Structure of . World—U. S. and France Can Help. In one hundred-share lois" designated by the letter s (80s) (2508). Stock and Sales— Mlu.olun. High. Low. Close. 1 ~Prev. 1931~ fieh. Low. Dividend Rate. Add 09, Open. 14 124 Klein (DE)Co(1).. 1 18% . Kolster-Br (Am 8h), 10 1% Lackawanna Bec (4). 3 Lake Shore Mines(3) Leh Coal & Nav 1.20 2004 3 Leonard Oil. .... T | CHICAGO. A 10 A Libby McNeil & L. .. Lone Star Gas n 8c.. 24 | S1T " meticial 1% | & Dividend Rate. * Oil Issyes Improve on Reports of Improvement in Trade Prospects. 29 248 19% 10 Exports of Cereal Virtual& Prohibited by Italy, France and Germany. 5 BY DR. MAX WINKLER. . | Speeial Dis to The Star. NEW , August cipitated by a continuance of finaneial disturbances, does not, on careful refleetion, afford any ground for apprehension. Afthough J. Ramsay MlQondd could not, in many instances, have been more Mid West Ut (b3%) . conservative than any conservative govern- Mid St Prod n (2 2 nent would have been, it was feared t.the Mid W Sts Ut b10 9% G continuance in office of the Labor party Minne-Honey pt ( 1d affect the nation's finances adversely drastic measures which the gov- nment was consillering, and might even be obliged to adopt. . ge in government, therefore, is e an encouraging development, as it might very well result in a restoration of confidence on the part of industry and finance in the country’s future economic and % Am Austin Car...}.. 314 Am City P&L (A) a3 5% Am Cit PAL B b10% . 10'4 Am Com P A (b10%) 64 Am Cyanamid B 3% -Am Equities 11 Am For Pow war. MacMarr Stores(1).. 1 lish Towa Magda'ena Synd. . .., Cattle seady. Mavis Bottling (A).. Yo Mead Johnson(+4% ) Meniph N Gas (80c) . Met Edison pf (8). . 25.—The ministerial crisis in London, pre- BY FRANK 1. WELLER, Associated Press Parm Editor. Three big importing countries—Italy, BY JOHN A, CRONE. Special Dispateh to The Star. NEW YORK, August 35.—A brisk but Jriet rally followed & higher opening o | Tk et a3 the Curb Exchange todsy. Before mid- 3414 Am Lt & Trac(2%) 1, Am Maracaibe. .. ... 8% Am Superpwr (pé0c) 82 Am Superppf (§)... 814 Am Transformer. 1% Am Util & Gn B vie. 13 Am Ut&Geupfi%.. 1 . Am Yvette (Zbe 14 Anglo Chil N¥ 21 Appalachian Ga; Arkans Nat Gas ArkP&LDL(T). 338 335 3 1 Miss Riv Fuelbdrts. 1 Mohawk Hud 1st(7). 78s Nat Amerfean Co Nat Aviation. ... Nat B&'& S Corp (1). NatDPrpfA (D... Nat Family Stores. . Nat Investors. E» 2 It now is required by law that Ital- lans use 95 per cent native wheat n milling mixtures, French 90 per. cént and Germans 97 cent. In ad mlyhnmcmudwmh ¥ i 5+ Electric Bond & Share was virtually sunchanged at midday, after rising more | than & half point at one time. Mové- ments of Cities Service were narrower, .but their gensral pattern was the nme: that of Electric Bond & Share. Mid- | . 3 i ardp® EEY £ ST EEINE FEF F 3822338 i * g 0owE &1 L ar; 1S anrd - & g Jdle West Ufllities moved a shade lower. ¢ 108 - Standard Oils were the outstanding “festure on the upside in the forenoon ‘Session. Standard 'Ol of Nebracka, | ‘which has been mentioned frequently in consolidation. ol basis 7 cash or 3. 6/10 - o 1 Ohlooshnfll\’d' used Standard of Ohio o4 ts, -while Solar 1 rise | fal Off of Canada, In- Petroleum, South Penn Oil | i i i 8 i i | s§Rzmanuz. s: el 2 | B i b2 CHICAGO STOCK MARKET By the Associated Press. e B3lu28 54288 5 Bsred b2 .78 SUEE a 2 25 Hgssuany, 5. icgseneas, 2o muude '’ 2 0 ones! 23 i $a 5 = 3o FEEE = | gmeentes * 3 gasoline dropped to lowest 7 ‘| history in the Chicago and 15% Armstrong Cork ( 4% Asso El Ind Ltd 80c 11% Asso G&EI (A) (a1). 67 Ass0oG & Elct(8) 22 AssoTal Ut (b8%).. 3 Atl Coast Fish. . 3% Atlas Util Corp. 1% BahiaCorp......... 13% Beneficial T L (1%).. 115 Bell Tel Papf (6%). 8 Blue Ridge Corp.... 27 BlueRidgecv pf(as). 12% Brazil Trac Lt&P(1) 18% Bulovacv pf (3%).. 34% Byrconcev pf (3).. 1% Burma rets $27 3-5c. % Cable & Wire A rots. 1 Cable & Wire B ret 2 Cab& W pf rets 19 1% Canadian Marconi 71 CentlInd Pwpf (7). 7% Cent Pub Sve A b5% :l« Cent Stat El (b10%). 1 1 ChainStore Devel... 7 Chain:Stores Stock. . 8% Cities Service (g30c) 61% Cities Serv pf (6)... 3! Claude Neon Lts Inc. 8% Cleveland Tractor. .. % Colon Oil.... . 2 Col Ofl& Gas vtc. 8% Col Picture vtc(7 1% Cmwith & Sou war. . 715 Com Wat Ser g12%e¢. 14 Consol Auto Merch.. 97%’ Contl G&E pr pf (7). 6 Cooper Bessemer. ... 17% Cooper Bess pf A(3). 2 Creole Petroleum, 7% Crocker Wheeler.. .. 20% Cumberland PL (2). 84% Cuneo Press pf (§%) 2 Darby Petroleum. ... 12% Davenport Hes (2).. % Dayton Air & Eng... - So WA A N e R D A Cent West PS Aall P e wef BEakiBhn chmnan T - 3 4 4% Goldman Sachs..... 19 Graymur Corp (1)... 38 GuifOilof Pa(1%). 2% Hamilton Gasrets. .. 5% Hollinger Gold( 3% Hudson Bay M&S 86% 11 Pow & Lt pf (6).. 9% Imp Oil of Can (50¢) 9% Indiana Pipe Line(1) 07% 100% In8 P&L cu pf (6%). 22 Insull inv (b6%). .. % Insurance Sec (40¢). % Intercontinent Petn 8% Int Petroleum (1) *5% Int Utilities B Int Utilities pr 28% Inter Equev pf (3).. 2% Italian Superpow A.. % Italian Superp war.. . P £ £ 8 £.55 5 H FERRTR < | RSO P FILH PRUOR. O $5%25, 238558 yop 885088 3 U P ey # Potrero Powdrell & Alex 3%, Pratt & Pub Util Hold war. .. Pub Util Hajd xw. . .. Puget Sd P&L pf () Pyrene Mg Co (40c) Reiter-For Republic Gas Cor Seaboard Util (28¢).. Sec Allied Corp. . oc Shenandoah pf (aj Sherwin Wil (1435) Sherwin Wil pf (§ Singer Mg (115) Solar Refining...... South Penn Ol (1).. SoCal Ed pf B (1%). South Corp.... Southern Nat Gas SW Penn P&L (1) % Stand Motofs. ... .. Stand Of] of Ind( 1) .. Stand Ofl of Ky 1.60. Stand Oil Nebr (2) . . Sun Invi ) Sunray Oil (b5%) Swift&Co (2)...... Swift Internat (3)... Tech Hughes (80c). . Texon Ojl&Land (1). ZTran-Con %r Fean.. rans Lux S.. Tubize Cantiilon (B) Ungerieider Fin Cp. . UnOfl Asso (3) 1 2 ': Dividend nual 1% N Niplasing....... North European Oil.. Nor Pipe Line (f4).. 1 Nor St Pow pf (6)... 208 Northwest Yeast(12) 20s Ohito Copper. .. . Ohio Ofl cu pf (6) PacG&E1stpf1%. Tan Am Alrway Pandem Ofl. . 2 Paramount Cab Mfg, 7 Parker Rust Pr (3)..100s Pender DGrB...... b0s Pennroad Corp (40¢) 14 Penn Pw & Lt pf (7) 1108 Philip Motris Inc Phoenix Secur Co: Phoenix8Cpf (3). Pilot Rad Tube A Pines Winterfr (1 Pitney Bowes (bi%) Plymouth Ofl (1) Uni¢ Stores, ... Uth PALU(E02%). Van Cam, v"!"m’nhfl 8 1 T . =1 & Sugar. . Lambert (4). i b il it eRuni g - sees 28 e 3 "he - “ Fid SR TELE ML wnlinnc il est pf (3 peg ¥t ~appg 8§ 2083 1% on last quarterly or semi-an- doliars payment. *Ex dividend. tPartly extra. iPlus 4% in stock. s Pavable in cash or stock. dividend. fPlus 5% in stock. g Plus 6% stock. n Plus 8% in steck. p Pald last year—no regular rate. b Payable in stoek. Plus 3% GASOLINE PRICE WAR | IS BELIEVED ENDED Advanee by Shell Company May Pot End to Slashing of Quotations. By the Associfted Pregs CHICAGO, August 25.—The gasoline war which in the Middle West | Tecent months appeared at an end today as Shell Petroleum 1-.9“4 to restore what the industry termed normal prices wherever competi- tive conditions existed. Principa! com- peting companies met the advance. ‘The normal prices were 14 cents & galion for high grade and 11 cents a galion for medium grade, plus existing municipal or State taxes and fractional freight charges. The States to which sent prices to record | ‘within the competition extended were Wiscon- | sin, Niinois, Indiana, Michigan, Iowa, CHIC..GO LIVE STOCK MARKET CHICAGO, August 25 () (United States D.nnmezrat oo%f hc:;l«:xm-‘).— oo ame wiaie: slow, umeveniy khllll steady to 25 lower: lighter 6.65; hea 3 ., 5.0006.80. Packing sows, medium and mu:"w ?un@. 3.8585.25. , and choice, 100~ 130 pounds, uo:;.ss Osttle—Receipts, 8,000 head; calves, 2500 head. Fully steady on fed steers and vearlings; slow on grass slightly fed offerings, but ‘weaker weights: special load, 9.008 10.00. Other classes mostly steady to T cattle and vealers: Minnesota, Missouri, Kansas and the Dakotas. Standard Ofl Co. of Indiana an- nounced also an increase of 2 cents a gallon on its competit've or Jow-grade fuel, introduction of which in recent months had been credited by the in- dustry with precipitating the price war. She'l had cut ita regular fuel 1o within a cent of the Standard medium snd subsequent price fluctuations reached a climax within the last two we>ks vhen levels in The companies meeting the Shell advances, in addition to Standard, were Corporal | and Sinclair, The Texas Co. announced that it would not raise prices toéay and the future. PEPEHEn COAL PRODUCTION. By the Associated Press. ble periods, as ealc of Mines, follows: 5. 972,000 tons 000 8,171,000 Same weex last yea: tons Flant Is Reopened. Plant ai Otuws, Iy and it a ', &l ts plant at Hobart. Ind., alter a shutdown of ebout six months. Oepaciiy cpora- tions have been resumed at both plants PARIS BOURSE PRICES. PARIS. August cent rentes, 88 NEW YORK, August 35 (.~ Nalional ' Fi Co. has reopened ce. 600-900 gflnfl. ; 900-1,100 pounds, 8.00210.50; 1100, mpo\;r;%n.,fl?}}hlb 5; 1,300~ ,500 pounds, a ; common | medium, 600-1,300 Helfers, good and pounds, 7.25a8.75: common and me- dium, 3.50a7.25. Cows, good and choice, 4.0086.75. common and medium, 2.85a 4.00: low cutter snd cutter, 1.75a3.00 Bulls (yearlings excluded), good and choice, 550-850 STOCK AND BOND AVERAGES By the Associated Press. TUESDAY, AUGUST 25. that it was mot ready to say sbout’ Previous day Week 2g0. . Month =go Year ago. Two years ago 5 Three y;-n ago... s eut dny..... Werk 200 Mos‘h ago. . Year ago ... . Twe years zgo0 .. nd pounds, 4.25a7.75. | 000,000,000 with early Monday; lambe Elll weights cull | Peeding lambs, 60-75 pounds, | cholce, 5.2527.6 —_— New Plant Equipment. BALTIMORE, August 25 (Special).— Enlargement of the insulated wire bullding of the Western Electric Co.'s plant at Point Breeze will be complete within the next year, officlals of the { |t | 600,000,000, miles of single wire. f ‘The new equipment will include ad- ditional rubber mills, internal mixer | strainer. vulcanising machines, braiders and coil wrappers. ada-neBEEE e SEiet Wi o '!;".. i , :“. gl 2 sersaEeEverey g, 3 :Erg’.;} o> fssfddigstgtognddasags! 58 .._..é..- f ' gOTER0 45 & 223 3222 2 2090 foupit 8 &8 998? gggss,. 2 2 000 o 5 £ g ifigéga 8 29 i H . i : 113 l::.--i-:-;-.n-—-& BnasullBvecaBuidinabudae ua! H orue ~SReaksaidin oot T - paem— g8 o G S 0s-10 B8 s Gt 28! i HH i i L] 5 T ot Honao [ SreT - e Sase arsrers oSS s mueront BEBuwue! w— Wit T | | Spécial Dispatch to The Btar, vty 838288383838288222! FEEE S ¥ i s28EzSanieds: 3228 agussns 8528 2RES! s33s888ssistisuinnis sassaEREEssgeasTEias = O 32238838383228325:38208382288 282 S S S l?’u! g 29 535 RS 2388 2282235 [SS & N Feaan FaE * - 458532 RBIRIS FEESEF X s2838888 54 322085 S i".'.‘":gn"u- f MPEFREEERR > 22388 22RLT22E:; BoS8 * 83823841 FEEE 2233833238 &AL s8Exuissss B i‘!’ FGE T SRIBUSE: # 8832883283223 W R 3 3=geiBu=zsese 333asesses T i Gk adssn or stabilize cu . Economie inexorable and it is very difficult to defy them with impunity. Inquiry Ordered. For years, conditions in England in the field of economics and | tim finance have not been what one would as satisfactory. A the chancellor of little less than two years ago, in November, 1 the exchequer, realizing the seriousness committee over by H. P. iry into of MacMillan, , finance and credit, paying international, which govern with the making of recommendat; ions calcula agencies to promote the development of - loyment. 4 'nn)lumm.nr? est to point out that report the document proper having been s by 13 out of the 14 members. the view that stabilization of wholesale il : | 5% il i'i Mz figkil g £ gk i i ¥ ! £ i g i ently, the latter has t only temporary relief. Need for Fina £ ks H gitagt i I : year 56,500, 58,500,000 in 1929. il ! £ EE 0 to i E 8 i is { i g A | i il i i::g § § 1t g - o/ g . i Szt 3 g!k! i ] il : i i Tt i} i : i 3 £ 8!§= i ] Associated Gas and Electric Company and Subsidiaries (Consolidsted) A decade of high stability and of ample earnings to pay interest on Associated Bonds Net Earnings} 471,443 962,079 1,322,327 2,161,366 7,878,303 13,761,310 17,032,086 18,001,592 43,240,956 48,208,913 $153,130,375 46,608,065 Year 1921... 1922... 1923. 1924 1925... 1926 1927 192§ 1929 1930.... Total.. §307,039,075 19310 92,172,335 $ 1 $ 2,856,419 3,477,067 5,658,573 19,451,147 Interest® and U Pid. $ 196910 459,838 556,823 1,048,523 3,876,144 7,467,324 8,540,616 8,493,933 21,125,996 22,500,777 $74,266,884 " 22,426,908 Times Before 239 2.09 237 2.06 2.08 1.84 1.99 212 2.05 215 2.06 207 Earned After Depreciation Depreciation. 2.10 1.82 2.08 178 176 1.62 179 1.90 189 193 185 183 Provision Retirement of Amount % $ 56374 125,046 179,822 289,414 1,036,112 1,627,193 1,698,731 1,830,45¢ 3,371,077 4,849,193 $15,063,416 5,420,507 Balance Aftar of Gross’ Deprodaton. $ 218159 377,198 585,682 823,420 2,966,047 4,666,798 6,792,739 2,677,208 18,743,883 20,948,943 “ *$63,800,075 58 18,760,560 Added properties are included only since dates of acquisition. § After small interests in common stocks held by minorities. 112 mouths ended Juse 30, 1931. all debe T e oy ‘Replacements—Depreciation. # Renewals and Total Consolidated Net Similarly, but ended June 30, 1931, by the o o e o et Gurog o option), and divh " During the ten-year period $18,571,740 was expended for cedinary maintenages, 3 Eamnings for the above ten-year before depreciation, 2.06 times, and after depreciation, 1 actual interest and dividend charges For the twelve months ended June 30, 1931, actual 2.07 times before depreciation and 1.83 snnual basis, met before depreciation and times 5 for that period. on the Chll‘mm after ‘'overall” basis. over 2,10 times and after depreciation, 1.86 times such _Over 889 of the gross operating revenues is derived from best classes of business =) Electric ag p