Evening Star Newspaper, September 6, 1931, Page 35

FINANCIAL. CANADAN QUTLODK : REATLY IMPROVED Dominion Has No Spec;ali Financial Difficulties to Solve. Bpecial Dispatch to The Star. TORONTO, September 6.—Not for three months have prospects appeared | 80 encouraging in the Dominion. But the cause is chiefly the improvement in Great Britain's affairs. For, with the exception of the partial failure of the wheat crop on the prairies, Canada has no special financial difficulties of her | own, the problems in the Dominion being due to world conditions. Consequently, the assurance that England will now cease the excessively socialistic program which was proving | that country’s ruination promises an ! improvement in the Dominion's ex- ternal trade. It is inconceivable that Great Britain's new national govern- ment_should permit a continuance of | the Russian dumping that has ruined the markets of the world, dealing a particularly heavy blow to Canadian wheat, lumber and asbestos. More- over, it is improbable that Britain will ‘continue her splendid gosture of leaving her markets freely open to ell the count that have "erected high | tariff walls against British goods. | Whether or not any plans for inter- empire trade should materialize, any safeguarding measures for the benefiy of Great Britain would react favor- | ably upon Canadian export trade, since | a richer England would naturally prove a better customer for Canadian goods. | With the consequent hope of a defi- nite halt in the price decline, other | favorable trends take on a new value. | For instance, the fact that trade fail- | ures in the Dominion for the first half | of the current year were 8 per cent fewer than in the corresponding six months of last year, with liabilities | 131, per cent less, now justifies the expectation of a further reduction in business mortality for the second half of 1931. Actual encouragement can mnow be | tken in the increased cxports this year | of gold, nickel, zinc, petroleum ‘and Teldspar and in the shipsments of cat- e to Great Britain, which up to The present date are double the total for the whole of 1930. The favorable ‘oalances shown from the total external trade of June and July may now be regarded as significant of a better trend in foreign commerce. (Copyright, 1931 CHICAGO LIVE STOCK MARKET | CHICAGO. September 5 ().—Cattle, 500 head: compared week ago, weighty fed steers, 25 to 50 higher; comparable grade yearlings and light steers, 25 to 50 lower; extreme top yearlings, 10.15 | early; best lLight kinds ‘closing around | 9.75, ‘while heavy sieers advanced to| 10.10; best steers, both native and ! ‘Westerns, 25 lower to killers and feed | dealers: grass heifers mostly 50 cents lower; very little change in grass cows; | Westerns ‘bringing_premium over na- tives; bulls, 25 higher; feeders, 50 best Western grass steers to 7.65; packers, 7.00; sold to 11.00: about 3,500 Northwestern grassers in run. | Sheep-—4,000 head: today's receipts | practically all direct: for week, 241/ double range lambs: from feeding sta- tion. 14.500 direct: fat lambs, 50 to 75 | g lower, shorts considered: early top | range and native lambs, 8.00: late top | native, 7.85; rangers, 7.65: bulk fat na- | tive lambs, 6.25a7.50; ranger, 6.50a7.50; | native throughout, 4.00a4.50; range throughout to killers, 5.50a6.00; to| feeder dealers, 5.2585.75; ewes, 1.00a2.00; fat yearlings, 5.00a6.00; fat wethers, 4.50a5.00, | Hogs—5,000 head, including 4,000 di- rect; light-weight and packing sows | steady; other weights to 15 lower: best | 200-pound average, 6.45; 160-200-pound, | 6.25a6.45; pigs, 5.00a5.50; packing sows, 4.20a4. . 5.40: compared with week ago, market steady to 15 Jower; shippers took 1.500; hold over | 2.000. Light lights. good and choice, 140-160 pounds. 3.75a6.35: light weight, 160-200 pounds, 6.1026.65: medium | weight, 200-250 pounds, 6.40a6.65: heav: weight, 250-350 pounds. 5.3526.5 packing sows, medium and good, 27 500 pounds, 4.10a5.40: slaughter pigs. | sflzq_osd and choice, 100-130 pounds, 4.75a | 75. }{IG‘}{ER PRICES ‘SEEN Detailed study of the present price | structure, says the United Business | Service of Boston in its currant report, | indicates that firmer prices for raw ma- | tefals are at hand. Declines in the | prices of firiched products are expected | this Fall, however. | WEEKLY FINANCIAL HIGH LIGHTS By the Associated Press. Brokers' loans. Federal Reserve Holdings, U. S. Sec Gold reserve & Rediscounts . Bank clearings : Electric output (Kw. H.) week ending August 29. (Final three cipher Car loadings, week ending August 22 Crude oil production (barrels Stock sales (N. Y. Stock Exchange).. Bond sales (N. Y. Stock Exchange).. New financing . . Call money rate Time money rate Commercial paper | mills. ‘This week $1,366,000 7! 1,637,533 cmitted in above.) 1,751,550 6,040,468 $44.417,000 5 $7,514.277 Again Dean RAYMOND B. DICKEY, ‘Who has been secured as head of the faculty of Washingion Chapter, Amer- | ican Institute of Banking. He has held this pesition since 1924, is an experi- enced educator and member of the District of Columbia Bar. OUTPUT OF LUMBER AGAIN BELOW SALES New Business Exceeds Production for Third Successive Week at U. S. Mills. For the third successive week lumber production trailed new business received by the mills during the week ended Au- gust 29, it is indicated in reports from 840 leading hardwood and softwood mills to the National Lumber Manufac- turers’ Association. These reported or- ders 6 per cent in excess of their com- bined cut of 196.436.000 feet. Their shipments were 12 per cent above this: figure. A week earlier 832 mills re- ported orders 13 per cent above and shipments 12 per cent above a cut of 191,296,000 feet. Comparison by iden- tical mill figures of the latest week with the equivalent week a year ago shows— for softwoods, 449 mills, production 27 per cent less, shipments 19 per cent less and orders 21 per cent less than for the week in 1930; for hardwoods, 241 mills, production 40 per cent less, shipments 7 per cent less and orders approximately the same as the volume for the week a year ago. Lumber orders reported for the week ended August 20. 1931, by 565 softwood mills totaled 186.347.000 feet, or 3 per cent above the production of the same Shipments as reported for the saTe week were 196,424,000 feet, or 9 per cent above production. Production was 180.903.000 feet. Reports from 294 harwood mills give new business as 21.636,000 feet. or 39 per cent above production. Shipments as reported for the same week were 22,719.000 feet, or 46 per cent above ?rotductlfln. Production was 15,533,000 eet. A Reports from 378 softwood mills give unfilled orders of 562.418,000 feet, on August 29, 1931, or the equivalent of 12 days' production. ‘This is based upon production of latest calendar year— 300-day year—and may be compared with unfilled orders of 501 softwood mills on August 30, 1930, or 748,104,000 :Jeet. the equivalent of 15 days' produc- on, ‘The 413 identical softwood mills re- port unfilled orders as 547,772,000 feet on August 29, or the equivalent of 12 ays' production, as compared with 682,501,000 feet, or the equivalent of 15 days' production, for the same week & year ago. Last week's production of 449 identical mills (softwood) was 169,633,000 feet, and a year ago it was 231,567,000 feet; shipments were, re- spectively, 184,622,000 feet and 227,643, 000; and orders receied 175.458,000 feet and 222,185,000. In the case of hard- woods, 241 identical mills reported pro- duction last week and a year ago 14.- 122,000 feet and 23,374.000: shipments 20.213.000 feet and 21,810,000, and or- ders 19,461,000 feet and 19,430,000. BETTER SENTIMENT IS HELD JUSTIFIED Special Dispatch to The Star. BOSTON, September 5.—At this time, when business is rounding the_bottom of the cycle, stats the United Business Service, optimism is an important con- tribution in speeding recovery. It is unfortunate that during the last year many prominent enthusiasts have given the country an overdose of optimism. ‘This has caused the postponement of economies which should have been effected. However, at the present time the outlook justifi>s better sentiment. which will do much to increase buying and to stimulate business activity in general. Last week Year ago. $1,349.000 550 $3,110,000 80.8% ! $602,044 2,934,588 231,260 7,205,889 1,688,352 946.549 2,461,350 6,690,020 | $34.144,000 $52,159.000 | 9.4 5,543,864 1,643,229 748,711 742,736 00 $8,150,000 115% 1'%2% 114% 3 1337 1%-2% York City. previous year. Black areas indicate declines ACTIVITY BY FEDERAL Shaded areas show weeks of activity from same weeks 12 months earlier. RESERVE DISTRICTS. Check Transactions compared with the sai ston | New York TR A Chicass | 8t. Louis —20.9% —21.0% LEADING BAROMETERS, Showing Trend of important factors. Business In dollars (checks cashed). Employment (Department of Labor). Wages (Department of Laber).... Cost of living (Industrial Conference Board) ‘Wholesale prices (Fishcr's Index). Agricultural prices (Department of Agri Movement of goods (car loadings) . Retail trade (Federal Reserve Board) Building contracts (F. W. Dodge) . Failures (Dun’s)..... Bond prices (Annalist) Stock prices (Annalist) Stock market volume ( Present trend. + Downward + Downward + Dowrward . Downward .+ Steady - Downward + Upward + Downward » Upward e (Al rights reserved, Campridge Associates, Boston.) FOR WEEK ENDING SEPTEMBER 5, 1931. 1031.—— h. Low. % 1% 5 Btock _and dividend. Acetol Prod A. Affiliated Prod ( Agfa Ansco. .. Afnsworth Mfg. . Alrinvconvpt. . . Ala Pwr cum pf (7 Allegheny Gas Corp. Allled nt Inv ev pf(2). Allled Mills Inc..... Aluminum Co of Am Alum Co Am pf (8). Alum G'ds M ¢1.20). Alum Ltd cum pf 6 Am Cigar Co pf. Am City P&Lt (A) (a. Am Cit Po&Lt B(b10%). Am Cmwith P A(b10%). Am Com Pwr 18t pf A(7) Am Corporation (f15¢).. Am Corp warrants Am Hardware (4). Am Investment Inc (B). 4 Am Inv, Inc, war. . Am Lt & Trac (2%). Am Mfg Co (1) Am Mcracaibo, Am Stat Pub Sve(al. Am Superpower (pd0c). Am Superpwr 15t pf(6). Am Superpo pf (6). Am Thread pf (25¢ Am Transformer. .. Am Ut&Gen cu pf(1%).. Am Yvette Co (25c).. ‘Anglo-Chilean Ni Animal Trap Co (1). Appalachian Gas Appalachian Gas.wi Arcturus Radio Tub, Atk Nat Ga: Ark Nat Gas A. 4 Ark N G cm pf (60¢) Arkansas Pwr&Lt pf(T) Metal Works (60c).. ndel Corp (3). . ¢ Elec Ind (30¢). ... Gas & E1 (A) (a1).. Assoc G & El war. Asso Gas&El pur rts. Asso Tel Ut (b8 %) Atlantic Coast Fisher! Atlantic Lobos. . Atlas Utilities Corp. Atlas Utilities(war) Auto Vot Machine. . Auto V M ev pr pt(50c).. Bell T.of Pa. pr.(6%)... Beneficial IL (1%). . Rigelow-Sanford Carpet. Bigelow-Sanford pf (6). Bliss Co (EW) (nl). . Blue Ridge Corp. . . Blue Ridge Cp ev pf(a3) Borne-Scrymser Co Brazilian Trac Lt&P(1). British-Am O11 C (80¢). . Brit Am T cou BO7 7-10c. Buckeye Pipe Line (4) Buffalo, N&EP pf(1.60 Bulova W ev pf (3%)... Burco, Ine. .. Burco, Ine. war Burco. Incev of (3). Burma Ltd rets 127 3-5e. Cabl & W Ltd. A rets. Cabl & W Ltd, Brets. ... Cable&Wire pf rets 19¢. Carrier Corporation.. Celanese Corp pt (7) Celanese 1st pf (7) Cent Pub Sve. Del. 4 Cent Pub Sve(A)(b5%). Cent & Sown Util (b7 %) Cent States Ei (b10%).. Cent States Elec (war). Cent Sts El ¢v pf n(ab). Cen States Bl pf xw(6).. Cent WestPS Aalt... Centritugal Pipe (80¢). . Chaln Stor Development Chain Stores Stock Citfes Service(g30 Cities Service pf (8) Cities Ser pf B (.60) Cities Serv. B.B.pf( CitlesS Pr& Lt pf (7).. Claude Neon Lights,Inc.. Cleveland Tracto: . Colombia Syndicat Colon Ofl...... Columba Ofl & Gas vte.. Columbia Pictures(75¢). Co Picture vte (15¢) Comwlth Edison (8) Comwith & Sou f{war) Com Wat Ser (g12%¢).. Comstock Tunnel. .. Consol Auto Mer ctf Consolidated Copper. Consol Gas Balto(3.60) Con Gas, Balto pf A (5). Consol Gas Util A(2.20). Consol Retail Stores. Consol Theaters. . - Contl Gas & El pr pf(7). Cont Shares conv pf. Cont Shares pt (B) Cooper Bessemer. . Cooper Bess pf A(3) Copeland Pr Inc (n). Crn & Rnlds pfA(6). Cosden Ofl. o Creole Petroleum. Crocker Wheeler. . Crown Cent Petm (new). Crown Cork Intl (A).... Crown Zeller pf A (3)... Cuban Cane pr opt war.. Cumberland P L (2) Curtiss Mfg Co (A). Curtiss Wright war. Cusi Mex Mining. Dayton Atrplane & Eng. Deere & Co.. . 1% Forest Radio. Derby Ofl & Refin. Detroft Afrcraft Corp. Doehler Die Casting Dres (S R) Mfg.A (3%). Dresser Mfg (B) (2). Dublier C & Radio Duke Pow (5). Duquesne Gas Corp. Durant Motors Duval Tex. Sul. w.i. Eagle Picher Lead. East G & F1As pt(6) East States Pwr (B) Educational Pietures Eisler Electrie Corp. Elec Bond & Sh (b6% E) Bond & Sh nf (6).... Elec Bond&Sh cu pf (5) Elec Pow a) Elec Pow Asso A (1) VI P& Lont war.,.... Elec Shareholdg (b6%). Elec Shareholdg pf(a6). Empire Corporation Empire Gas&F em nf(8) Eureka PipeLine(4) Euro Elec, Ltd deb rt Evans Wall Lead, 4 Fairchild Aviation Federated Capital. Fiat rets (94 %¢) Fire Assn Phila (1. Ford Mot Ltd (36 3-5¢) .. Foremost Dairy pr pf... Forewnost Fabrics. Foundation F« r Sh Fox TheatersClassA Galena Oil Cory,. Garlock Packing ( Gen Alloys. General Avt 3 Gen El Ltd rets 36 3-Ge. . Gen Empire Corp (1). Gen Fireproof (2). Gen Gas&El cv pf B (6). Gen Theat Equip cv pf.. Gilbert tAC) (1). . Glen Alden Coal (4)...4¢ Globe Underwr (15¢) Gold Seal Elee new. Golden Center. Goldman Sac! d Mining Area. 7% 7% Gov Gol 260 167% GtAt& PacTnv (16%). Fsz I*Ilt'l.l LR G &S W - o] @ e ERFEFE EF FES T+ ++ B E e F++1 0 13 R ERINE L K i . e F FFEFEr ¥¥ sk 2es8 22 g2 Eid L++ SE R » 2 F o P+++0+111 F FEREEE F& % 5% % % _T% B 5% 216 201 201 -14 |_ 17, ] Stock_and dividend. Grt A&P Tea pt (7). Grier Stores. Gulf Ofl of Pa. Hackmester Lind. Hamilton Gas rets. . Happiness Candy. Hazeltine Corp (1) Hecla Mining (40c).... Hollinger Gold (65¢) . Hudson Bay Min& 8 Humble Of] (12%) . Hydro Elec Secur (1.40). Hygrade Food Prod. Imp Ofl of Can (50¢). ... Imp Ol of Can reg (50c) Imp Tob Gt Brit (179¢). 13% 18% Ind Pwr & Lt cu pf(6%) 106% 10 Ind Terr 11lu Ofl (A). Ind Terr Illu O1l (B) Insull Inv (b6%)..... Ins Coof No Am (12%). Insurance Secur (40c) Intercont Pete ne: Int Cigar Mach (2% Intl Holding & Inv. Intl Hydro cv pf (3%).. Intl Petroleum (1)...000 Int Utilities A (3%) Internatl Utllities (B) .. Internatl Utilities(war) InterstateEquities. ..... Interstate Equ cv pf (3). Interstate Power pf (7). Irving Alr Chute (1) Ital Superpower war. Jersey Cent P&Lt pf ( Klein (D E) Co (1) Kolster-Br(Am sha).... Kress (SH) sp pf (60¢c).. Lackawanna sec (4) Tang Unt Bak, A (2) Lerner Stor . Lerner Stores pf (6%).. Libhy McNeill & L...... Lion Oil & Refining..... Lone Star Gas n (88¢c) Long Island Lt (60c). Long Isl Lt pf (7). Long Isl cu pf B (6) Louisiana Lan & Ex.. MacMarr Stores (1) MagdalenaSvndicas Mapes Cons MIg(14) Mar Int Mar (73 3- Margay... Mass Util Asso. “Massey-Harris Mavis Bottling (A)... Mayflower ASsSo (2). McGraw Elec Co (1).. Mead Johnson(f433).. Memph N G Co (60c). Mercantile Stores(1). Mer&MfgSecA (1.60) Mesta Machine (2). Metal & Mining, Inc. Met Chain Stores. Mid St Mid Mid West Uil (b8%) . ‘Midland Steel Prod (2)., Midiand United (b8%). ., Mid United pf A (a3).... Miller & Sons. . Mining Corp of Can.. Minne-Honey pf (6). Mo-Kan Pipe Line 2 Mo-Kan & Pipe Line (B) Mss River Fuel bd rta. . Miss River Prpf (6).... Moh Hud P 1st pf(7). Monroe Chemical (13). Mont Lt H&T (1%) . Moodv's 1 S pt pf (3). Mtg Bk.Col Am Sh(96c). Moss Gold Mines Mountain Products Mount St Pow pf(7) Municipal Serviice Nat Amer Co. . National Aviation. Nat Bd & S Corp (1) Nat Cash Cred Asso pf.. t Elec Power A(1.80). t Elec Pwr pf Nat Union Radlo. Nehi Corp (60c) . Neisner Rros of (7). Nelson (Herman) (60c). New Eng Pow of (6)... w Jersey Zine(13). Newmont Mining. N Y Power & Lt pf N. Y. Rich G pf (6). Y Shipbldg Corp. N Y Steam new (2.60)... N Y Telof (6%4).. N Y Transit (+800).., N Y Transport (2)...... Niag.-H. Power (40¢),,. Niag.-H. Pwr A war...s Niag Hud Pwr (B) war.. Niag Shares, Md (40e). . Niles-Bement-.Pond (1) Nordon Corp Ltd Nor Am Aviation Nor Am L & Ppf(6).... Nor Am Lt& Pwr(b8%). North & Sou AmCor p A. Neor European Ofl Corp. . Nor Ind Pub Sve pf(6) Nor Pipe Line (14)...... Nor States Pwr pf () Northw Yeast Co 12). Novadel Agene (4) Ohio Copper. .. Ohio Ofl n (cu)pt ( Ohio Power pf.(6).. ©Ohio Pub Serv pf A (7). Outboard Mot (A). Overseas Sec.... PalG& E1stpf (1%).. Pacific Pub Sve (new) Pac Western Oil. Pan Am Alrwa: Pandem Oil Pantepec Ofl. Paramount Cab Mfg. Parke Davis (11.65). Parker Rust Pr (3). Patterson Sargent (2) Pender (D) Grocery B.. Pennroad Corp (40¢).... Penn Mexico Fuel (75¢). Penna Pwr & Lt pf(7).. Penna Water & Pwr (3). Peoples Lt & Pwr (A)... Perfect Circle (2).....0 Perryman Electric Petrol Corp war. Philip Morris Inc. Phoenix Secur Co Phoenix S C pt (3) % Pledmt Hy-El bond rts. . Pilot Radio Tube(A).. Pines Winter Front (1).. Pitney Bowes P (b4%).. Plymouth Oi1 (25¢)" Polymet Mfg. . Poterero Sugar Powdrell & Alex (313) Premier Gold (12¢). Prod Roalty (b10%) Prudential Inv.... Prudential Inv pf(6) Publie Util Hold war. Pub Util Hold Corp xw Puget Snd P & Lt pf ( % Pure Ol pf (8) 2% 1% Radlo Products. aee Rallway & Lt Secur (13), Rainbow Lum ProdA. Rainbow Lum Prod B. Reiter-Foster. .. Reliance Intl (A). Rellance Int Corp( Rellance Management. Republic Reynolds Inves e Richfield Oil of Cal pf... Richman Bros (3).. R'kland Lt & P (90c). Root Refining Co. . Root Refining cv pr pf.. Rossia Int Corp (10c) Ruberoid Co 4). . Ryan Consolidated . Ryerson (J T) (1.20). Safety Car Heat&Lt (4). St Regis Paper (60c)... Salt Creek Consol. . Salt Creek Prod (1.40).. Schulte b¢ to $1 Strs pf.. Scranton Elec pf (6). Seaboard Util (28¢)., Sec Allied Corp (1) s e i+l FELEEFTS $PTE SFEPJEL [ il+tretn LU++ +111 \ T4 40 L+ 3 I+l i+++1 7 I+ti++l 111 Ert I+ t Feiy 10ttty + o+ 40 £ 2 ¥ s ei¥ti it LGN LY - L+ R T o - FF FFrE B X3 Sorem sEES - £ EEE wie & S FFE) Stock and dividend. High. Secur Corp Gen(40c).... 164 Seeman Brothers (3).... 30 Segal L & H (a50c). 5% Seiberling Rubber. 6 Selected Industries. Se! Indus allot ctfs ( Sle Ind “»inr (53). . Shattuck Den Min. .. Shaw W& P (2%).. Sheaffer (WA) Pen (13) Shenandoah Corp. .. Shenandoah Cor pf (a3). Sherwin Willms (t434). Sherwin Williams pf(6) Silica Gel et. .. Silver (1) Bros pf(7)... Singer Mfg (115).... Sisto Fin Corp. Smith (A O) (2) Smith-Corona T Solar Refining. South Am Gold&Plat. .. 8o Cal Edis pf (B) (1%) Sou Cal Ed pf C(1%). Southern Corp SouthernNat Gas. South Penn Ofl (1) Sou Pipe Line (2). Southland Royalty(20c) 5 Sou West Bell Tel pf(7). 123% So West Gas Utll....... 2l Southwest Pen PL (1).. 4214 Spieg May Stern pf. 3 Stand Motors Stand Ofl of I . Stand Ofl of Ky (1.60). nd Oil Nebr (2) Stand O1l Ohfo(24). ... Stand Oil of Ohio pf (5). StandPwr & Lt (2)..... Stand Pwr & Lt (B) (2). Starrett Corp. ... Starrett Corp pf (3) Strauss (Nathan). Stromberg-Carl(1%). Stutz Motor Car. Sun Investing. Sun Invest pf (3). Sunray O1l (b5%). Swan Finch Oil Swift & Co new wift Internat (3) Syivanite Gold M Ltd. .. Syracuse Wash Mch (B). Taggart Corporation. .., Tampa Electric ¢32).... Technicolor Inc. ....... Teck Hughes (60c) . Thatcher See Corp. Tobacco Prod Exp (10¢) Todd Shipyard (4) s L4+ FINANCIAY. . Btock and dividend. Toledo Edison pf(6) Trans Air Trens Trans Lux D L P Tri-contin’) Corp w. Tripiex Safety Glasi Tri-Utilities. . Tubize Chatel, B........ Twin States N G 1t (A). Unfon Am Invest Un Nat Gas of Can (1).. Union Stk Yards (6) Unit Amer Utilitle Unit Corp war. Unit Dry Dock. Unit Founders. Utd Gas Corpn. T'nit Gas Corp war United Gas pf (7). Utd Light & Pwr A(1).. td Light & Pwr of (6). Unit Shoe Mach (2%) U 8 Dairv B... 4 US Elec Power ww U S Elec Pwr ( U S Finishing. ... U S & Internt] Sec. S Inter Sec 1st pt. S Linespf....... § Playing Card (25).. n n [ R FEPPEE FETFREELER Lttt Lieesn) £ sEee prers Radio & Television. . +400 000 . U v b L v v v it Verde Exten (1)... ite Wall Paper......¢ Util Pwr&Lt (at1.0214). Ut PEL B(at1.0213). . Utility Pow & Lt pf (7). Uttiity & Ind.. Util & Ind pf (1 1Ttitity Fquities Ctility Equity pt Van Camp Pack.... Venezuela Petroleum. Vick Financial (30¢) Walker (H) (50¢). Walker Mining Wavne Pump Welch Grape Juice (12) . Wenden Covper. Western I & Stesl (2) W Va Coal & Cok Wil-Low Cafeter! Woodley Petrol. . Woolworth (FW) Lt X OHECRS. .o ..o Youngstn S&T pf (51%). 8 u; in dollars based on last Ex-dividend, TParily extra 3 b Payable in stock. & Plus 6% [N 5 3Plus 4% in ‘e in stock. p Paid last year—no regular III‘L" WHOLESALE GASOLINE i%};fil‘}:fi%‘::,;‘::& oo ronnine ai e |[BETTER SUGAR PRICES PRICES IN DECLINE :hicwesFems™s fmihngsp:| SEEN BY CHADBOURNE | o Banti Tekas the r'.’.‘n'."}ér’ii’é“ 1:{*130' | ARt WS have averaged 300,000 barrels | days By the Associated Press. Uncertainty of Crude 0il Supply | 21y Causes Recession in Market Values. Spectal Dispatch to The Star. decline in quotaticns for gasoline in the uncertainty of crude ofl supply frcm wells which have been shut in for the last few weeks. It is chiefly the intent of the oper: tors of a few refineries to liquidate advantage which the present market affords that is causing the reaction for motcr fuel, which had doubled in price within the last 60 days. | Generally speaking. the liquidation of inventories on the present market can- not be effected except at a loss. HOW- ever, there are a few small operators who had accumulated during the de- cline stocks which have been impossible to move at prices approximating those that have prevailed during the last two | weeks, at any other time since last No- vember. The quantity of this material is small, but beceuse of the lapse of frenzied buying it is more in evidence. Gascline quotations for the United States motor fuel oil are generally ruling at 413 to 5 cents a gallon, as compared | with a flat 5 cents price a week ago. Then, too, refineries are anxious to consume their cracking stocks in the preduction of gasoline, in view of the s‘hmue of current crude oil produc- tion. | Buyers are also more inclined to be conservative in their purchases of gaso- line at this time of the year due to the appreaching contraétion in the demand of the retail fleld. It is generally recog- nized that the peck demand will occur on_Monday. | It is estimated that withdrawals of crude oil from storage in the Midconti- nent fleld exceed 650,000 barrels Authorized Service Delco, Remy, Klaxon, Northeast & Sparton Horns MILLER-DUDLEY CO. 1716 14th St. N.W. North 1583-4 LOANS Is Your 1st. 2nd or 8rd Trust Due? Do You Need Money? Real Estate Investment Co. 416 Sth §t. N.W.. Room 707. NAT. 4519 Money to Loan Secured by first deed of trust on real estate. ling interest and comm! Jole;h' I. Weller g% | the week ended Au ‘TULSA, Okla., September 5.—A slight | with the Over a Third of a Century Without a Less st 29. | | NEW YORK, September 5.—Thomas | L. Chadbourne, attorney and sponsor BUSINESS FAILURES FEWER. | of the world sugar production quota By the Associated Press. Business failures, as measured by the | before sailing for Havana he has been Commerce Department, declined during | 2ble to detect signs pointing to satis- gust 29, as compared | factory advance in sugar price. previous week and with the | | comparable pertod of last year. In the MO0 Castle. wholesale market is accompanying the | tota)g that follow the index is glve plan which bears his name, sald today Chadbourne was a passenger on the He did not discuss the vorable signs of which he spoke ex- en for | cept to say there would be a large de- comparable weeks, based on re t- | e IR0 o e epresent- | crease in sugar planting next Spring. | Week ended Augu: Previous week. ... | He did observe, however, that not only 107.1 | Cuba, but the United States would 109.1 | benefit greatly by a customs union be- 115.7 tween the two nations. P T RISTE MORTGAGES BOTH PROFITABLE AND SAFE That is the ideal combination de- sired for an investment—and our 6% FIRST MORTGAGES qualify on both points. Profitable, because they earn 6% continuously® and uninterruptedly during the term of the investment; and safe, because they are secured by improved Wash- ington real estate. May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 THERE IS° NO 925 15th St. N.\W. SUBSTITUTE TFOR ' SAFETY We are pleased to announce that On Tuesday, September 8th The Main Office of the American Security and Trust Company will be located in its new quarters in the American Security Building On Fifteenth Street at Pa. Ave. NW. All departments are prepared to render the usual prompt service. MERICAN SECURITY /WY Fifteenth and Penna. Avenue N.W. Five Convenient Banking Offices