Evening Star Newspaper, September 12, 1931, Page 13

FINANCIAL. NEW YORK STOCK EXCHANGE BUSINESS REVEALS SIGNS OF ADVANCE Slight Gains Reported Since Labor Day—Institute Com- mitiee Announced. BY EDWARD C. STONE. Slight but belated signs of the Au- tumn acceleration of activity appeared in the pre-Labor day week, says the Business Week in its report covering the week ending today. Railroad movement of mer- decline. Check ments gave promise of responding to sea- al_influences. ilding con- ion also im- proved from the disappointing early level. Our after tou new lows in ddle of the g Winifred Burwell 5 for the week end- against 710 in the 835 in the corre- sponding we Steel activi er producti one reflect un- about the extent of the usual ptember ng wel ed S the seasonal turning point passed, business is still not sure | Street leads. Fundamentally e ve stability of of burden- progressive ve waves of in the market, as the forces of de- lves out. While the the European situa- on, the imme- to have been ace the h{avo; seem d is not unreason- intil the coming {mosphere early in will be clear for of activity and ¢ confidence this Fall moons of the next fieid Heads Committee. Burwell, assistant vational Metropoli- pointed chair- Committee of Chapter, American Insti- g, by the president, Au- The other members e include Miss Rose L. n Loan & Trust Co.: Whitton, Tirst National dria; Miss Anne P. Craw- ing Corporatio Fogle, Riggs Na- ss Lois A. White, Fed- ank & Trust Security & Trust Co. A. Engel, Commercial an| Miss Etheline E. Security Savings & Commer- Miss Gertrude C. Wick, | Bank: Miss Rebecca Savings & Trust Co.; Lyham, Park Savings iss Christine M. Haggerty, t Co chairman, Miss Burwell, of Merideth Business ville, Ohio; graduate of hapter, member of the and has served as f the house, publicity and She is at pres- educational ~and . and at one time n cn most of the other committees. She at- tended ational conventions at las and Detroit ¢ women together and to in- the work of the insti Boa chairman ¢ High. 39 2314 231, 109% 2018 877y 801y 10 Bales— Low. Dividend Rate. 25 A'ham & Str (37%e). 11% Adams Express (1).. 221, Adams Millis (2).... 70% Alr Reduction(t43), 7 Alaska Juneau (40c 3% Allegany Corp 11 Alleg Cp pf $30 99% Allied Ch&Dye (n6). 18% Allis Chalmers (2).. 2713 Am Bank Note (3)., 113 Am Brake Sh pf (7). 8714 Am Can Co (15). 145 AmCanCopf (T)... 50 Am Car & Fdy pf (7) 381, Am Chicle (13). Am Colortype. . Am Comel Alcohol. ‘Am European Secur. Am & For Power.... Am Hide & Leath pf. ‘Am Home Prod 4.20 Am Ice Co(3). Am Internation; Am Metal Co Am Pwr & Lt (1) 40 Am Radiator (60c). . Am Rolling Mills. ... Am Safety Razor (5) 4 Am Ship & Com. . 4 Am Smelt Ref (2). Am Sm & Ref pf (1) Am Steel Found (1) Am Stores (12%)... Am Tel & Teleg ‘Am Tobacco B (+6) Am Water Wks (3).. Am Wat WKs cfs(3). Am Wat W 1st pf(8) ‘Am Woolen Copf. .. Anaconda Cop (1%). ‘Anaconda W & C (1). Armour of Del pf (1) Armour of Il (A) Armour of 11l (B) ‘Armour of 111 pt ‘Associated Apparel Asso Dry G (2%) ‘Atch To&S Fe (10) . 100% Atch To&S Fe pf (5). 77 Atl Coast Line (7). .. Atl GuIt&W Tpf (5). Atlantic Refining (1) 10115 Auburn Auto (f4) 18% Austin Nich pt A ( 1 Autosales....... jation Corp (Del 9ty Baldwin Locomotive 35 Balto & Ohio (5).... 55 Balto & Ohio pf (4 24, Barker Bros. 5% Barnsdall Corp'n. . 5315 Beatrice Cream (4) 106 Beatrice Crm pf(7) 1474 Bendix Aviation (1). 31% Best & C0 (2).-ees.n 341, Bethlehem Steel (2). 96% Bethlehem Stl pf (7) 15% Blaw-Knox (1). 20% Bohn glumn (1%). 60 Bon Ami (A) (15) 47 Borden Co (k3). 14'5 Borg Warner (1). 814 Briggs Mfg (11%).. 115 Brockway Mot Trk. . 497 Bklyn-Man Tran (4). Bklyn Union Gas (5) 2runs Term & Rw. Bullard Co. Burrough A 15 Bush Terminal(23). Bush Term deb (7). 21 1% 3 Calif Packing (2) Calumet & Arizon: ‘alumet & Hecla. ‘anada Dry G A (3). Canadian Pacific 1% . Capital Admin (A).. Capital Ad pL(A) (3) se (1) Co. Caterpillar Tra Celotex pfasaasas Century Rib Mills. Checker Cab Mrfg. Ches & Ohio (23%). Chesapeake Corp(3). Chi Great Western. Chi Great Westn pt, Chi Mil StP & Pac Chi Mil StP & Pac pf. Chi & Northwest (4). £o R 1&Pacific. Chrysler Corp (1)... Ice&Fuel (3.60) -Cola (17%). 4 Coca-Cola (A) (3). Coleate-Pal-P (234) .« Collins & Aikman Collins & Aik pf (7). Colonial Beacon. Colo Fuel & Iron. Col Gas&Elec (2) 2 18 L 5 ) 4 153 BasnwSarmr-ane 3 S S FeEo and » e 9 » < s - menvmae-mT S sBoune Renamnron v umat-Rane 36% 12% 328 76% 36% 12 32% 3% 19 4 1% 99% 20% 27% 118 88% 148% 55 41% 8 ™% 16% 208 18 60 n Add 00. High. Low. Close. Chge. 35% + % . s 2% — % 3% ~2% 19% — % A% — % 12 +1 99% 4% 21% + % 27% — % 1ns -2 88% —24% 148% —1% 55 1% 8 % 160 20% 18— % 60 16% — % T 9 4 20 -1% 10% — % 18% — % 4 —1%n % 27% + % 120% = + % - - % - % - 12 44y 160 106% 39% 38 97 30% - 20 - 20 - 39% 1% 1 10% T% 17% 125% 104 21 15 21% JT 31 35 Recelved by Private Wire Direct to The Star Office. ~1081~ High, 13% 89 86 182 1% 84 324 15 5% 179% 4 395, 603 .31 8% 16% 20 54 38% 21% 31 80% 18 24% 34 29% 16%% 3114 27% 35% 87% 17% 61 69% 207 91 9% 34% Bb'a 6319 613 BTy 21% 36% 11t 19 9349 261 1034 17 107 29% 197 367 724 18% 40" 10% 10 833, 153% 39% £0% 36% 44n 111 761 14% 57 107% 607 5814 129% 39% b4’n 691 1% 50% 8% 463 443 5% b Stock and Bales— Low. 5% Hupp Motor: 28% Illinols Central (4).. 211 Indust Rayon (4).... r 74 Ingersoll Rand (4) 4% Inspiration Copper. 13 Interboro Rap Trans; 13% Interbo Rapid T cod. 5 InterlakeIron...... 1% In. Agriculture . 117 Int Bus Machine(né) 1% Int Combustion. . 10% Int Combustion pf. 31% Int Harvester (2% 16% Int Hydro El A (e2). a8t Int Match pf (4). 5% (nt Merchant Marine, 915 Int Nick of Can(40c). 46% Int Shoe (3)... 18% Int Tel & Tel (1).. 11% Jat Dept Stores (2) 20 lsland Creek Coal( 40% Johns-Manville (3). . 12 K'mann Dept Strs(1) 10%4 Kayser (J) & Co (1). 1% Kelly-Spring Tir: Tt Kelsey-Hayes Whe 814 Kelvinator Corp. 14% Kennecott Copper (1) 12 Kreuger & Toll 1.61). 18 Kroger Grocery (1). 66 Lambert Co (8). 10 Lane Bryant (1). 26 Lehigh Valley R R 45% Lehman Corp (3).... 11 Libbey Owens Glass. 60 Liggett& Myers(t5) 60 Ligg & Myers B (15) 19% Lima Locomot (m2). 204 Liquid Carbonic (3) . 361 Loew’s Inc (3). . 2% Loft Ine . 40% Loose-Wiles 12.90). . 11% Lorrillard (P)Co.... 25 LouGas&El A (1%). 60 Louis&Nashville(5). 8% Ludlum Steel... 76 19% 631 T4 20 4% 213 6% 20% 34 % 5 14% 13% 6% 28% ISP ST, » 9 McCrory Strs pf (6). McIntyre Pore M(1). McKeesport T P (4). McKesson & Rob(1). McKes&Rob pf(313) McLellan Stores. MackTrucks (2)..... Mad Sq Garden (60c) i Manhat Elev gtd (7). ManhatEley mod gtd Manhattant Shirt(1) Maracaibo Ol Exp. . i Marine Midld (1.20). Mathieson Alkill (2) May Dept Strs (23%). Maytag Co 1st pf (6) 4 Miami Copper. . Mid Continent Petm. Midland Steel pf (8). 4 Mo Kan & Texas..... Missouri Pacific. ..., Missouri Pac pf (5). Montgomery Ward. . Motor Wheel (1).... 8% Mullins Mfg........ 86 Mullins Mfg pf (7).. 6% Murray Corp. ....... 20 Nash Motors (4) 47 Nat Acme Co. 81, Nat Bella Hess 49% Nat Biscuit (2.80)... 146 Nat Biscuit pf (7) 18% Nat Cash Register A 26% Nat Dairy (2.60) 19% Nat Dist Prod (2). 2 E AR E NN EN NN - w3 ~33 Nat Surety (2). Nevada Copper ( Newton Steel. ... \ Y Central (4). Y Investors....... Y N H & Hart (4).. Y Steam pf (6). Y Steam 1st pt 15% Noranda Mines. .. 139 Norf & Westn (+12). 4 North Am Aviation. or Amer(b10 % stk) orth Amer pf (33.. 102 North Am Ed pf (6). 25% Northern Pacific (5). 317 Otis Elevator (233).. 124% Otis Elev pf (6).... 2515 Owens 111 Glass (2). 88 Pacific Gas & El (2). 474 Pacific Lighting (3). 54 Packard Motor (40c) 19% Paramt-P(m1.624p) 3 Pathe Exchange (A). 2815 Penick & Ford (1)... 2814 Penney (J C) (2.40). 4 Penn Coal & Coke. 1% Net. Dividend Rate. Add 00. High.' Low. Close. Chge. 4% —1% SATURDAY, STOCKS DEPRESSED AT SHORT SESSION ¢ SEPTEMBER 12, 1931, FINANGCIAL. IVEGETABLE PRICES ARE WEAK -24|Market Turns Reactionary as 1y -3% + % g 43% =2 g 4 —1% a7y 10513 115% 181 41 - -1% Zig -1 ~ay 1451, - 6t 6oy { Eastman Kodak w | house Electric, | weak and Further Reports Indicate Lower Earnings. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, September 12.—Los- ing all the appearance of strength which had characterized it in the late trading on Friday, the stock market today again headed downward, with pressure against all three groups of shares—rails, industrials and utilities The Street had heard overnight that there was to be an_“important an- nouncement” from Washington, but there was no announcement forthcom- ing. Instead, there were more evi- deces of the havoc that the depression has wrought on railway earnings and the only encouraging bit of news was from the steel industry, where there were said to be slight indications of improvement. Pennsylvania Report. Pennsylvania_Railroad, filing a_report with the New York State Public Service Commission for the quarter ended June 30 last, revealed a net income equiva- lent to 36 cents a share on the stock compared with $143 a share in the same quarter of 1930. This year's total included West Jersey & Semshore Rail- road, whereas last year that subsidiary was excluded, making the comparison still more unfavorable. One of the rails most heavily sold was Reading, which m s for dividend action on September . The present rate is $4 a share and the market's ac- tion suggested a downward revision of the disburscment. The stock sold at a new low for the vear, as did Illiinois Central and Delaware & Hudson, the latter under par for the first time in eight years. Selling in the industrial list centered around the higher-priced issues. Al- lied Chemical made a new low for the bear market, clos $100 a share. akened. Wes under 50 for the time on the major decline, reflected the doubt about dividend action on that stock which is scheduled for Wed- nescay next. Weakness in Utilities. Fully as disturbing was the weak- ness in the public utilities. While earn ings have fallen off in this group as elsewhere, they have held up better than the erage. Telephone & Telegraph made a low on well above the extreme low Heavy selling came into Col rth American, El Power & Light and other represent tiv> shares. Close attention was paid to the action of United States Steel and American Can, the two stocks which had been so well supported on Friday. Both of them were slightly lower. were evidently still new for the but enjoy- ing support. 'PLAN TO REDUCE OIL PRODUCTION URGED Kansas Proposes 10 Per Cent Cuts Each Month Until Price Goes Higher. By the Associated Precs. OKLAHOMA CITY A tentative suggestion try’s production and i oil be fixed at 2, and reduced 10 per cent a month until a “fair price” obtains was the Midcontinent States ence here by Thurman Kansas Public Serv September 1 hat the cot not | first | much | American | the movement, although still | | ern Maine | { to IN FIRST TEN DAYS OF MONTH ruits Also Cheaper, Although Carlot| Shipments Were Not Heavy—Standard Grcen producc Generally LOWE]‘. Weak markets were the rule for most fruits and vegetables the first 10 days of September, says the United States Department of Agriculture, Burcau of Agricultural Economics, Market News Service. Carlot shipments were not | heavy for the time of year. For some | weeks past they have been less than| during the droughty season of 1930, | but demand is even lighter than the supply. Shipments of local produce, other than carlots, play a large part in some markets. Potatoes have been moving at the rate of only about 500 carloads a way, which is below usual | liberal sup{zlh‘s and the demand m“ light, or only fair. ‘The same lack of brisk trading con- | ditions is repeated for the whole list | of standard green produce, resulting in | sagging trend of prices, with a few | exceptions. ‘The onion market ha been one of the steady features of the past few weeks. Apples also sell near their recent low levels. Peaches ad- vanced in some markets under decreas- ing shipments. Pears tended to sell higher than last season and compara- | tively higher than competing fruit be- cause of the light Eastern crop. The lettuce boom of August has subsiced under more liberal supply. The melon tribe is less of a shipping feature for Septemt but prices remain low in line with cheap orchard fruit. Pota- toes, sweet potatoes, cabbage, lettuce and cantaloupes have lost ground in some markets, Potato Supply Moderate. Shipments of potatoes have been ar- only about two-thirds the . sometimes ing below 400 car mand is also light kets and prices have as a rule, s markets showin clines of 5 cents to 10 cent ired pounds second week of tember, following simils week before. Prices appes steady in producing sect slightly lower lc prey range in New Jersey and Lon was 85 cents to 90 cents, Wisconsin shivpers quoted slightly below those prices. Haulings we: erate in all cctions with dem trading vk, but will not occur October. ~ Shipping move- Maine has become fairly imes nearly 100 cars daily opened low in North- cents to 65 cents a 1 in bulk. This level of prices is w the commonly estimated produc- costs around $1 per barrel Eastern city markets quoted Maine potatoes at 90c to $1.10 per hundred pounds sacked. Most of the city markets in the East were fairly stead) on New Jersey and Long Island pota- toes but most price changes were down- ward. Jobbing range the second week in September was 90c to § Jersey stock. New York potatoes brought $1.15 to $1.25 in Pittsburgh Sales of Pennsylvania potatoes at 90¢ $1_were ed from Baltimore, stock at the same ales of potatoes for livery tended downward n Mountains brought $1.21 “futures.” bt receipts of sweet been the rule in Eastern this month, but demand digging carly from active, somi Prices to g T at 6l markets so has been rat Shore producing districts leading sources fairly “steady Prices were markets the | of September at a range 5 per barrel, but some Mid- ern mar d. New Pittsburgh at §2 Markets at Eastern Shore shipping points weakened a sales we y at $1.50, ulings fa vy and demand tr in Prices at shipping points started at a slightly higher level this season and are holding firm at $2.25 to $2.65 in the Rochester district, from which the bulk of current supplies in carlots are being received. Eastern carrots are selling near 45c¢ per bushel in producing sections, and 50c to 75c in larger Eastern markets. has been sharply reduced as a result, of the low prices prevailing last Acreage season. Apples Selling Slowly. Nearly all markets report light de- requircments, yet most markets report | mand for apples, slthuuv'.h competition lessening with rapidly decreasing shipments of recent standard Fall varieties of apples show a higher range of prices than have prevailed for the carly kinds. Contract sales for blocks of Winter varieties have been made at with peaches is weeks. Some of the Ower 6 Third of a Century B. F. SAUL CO. National 2100 THERE 15 NO the * A—13 prices considerably lower than those Teported during the early part of last season. Wealthy, a Fall variety, sells at 65 cents a bushel in Western New York, and 75 cents in Western Mich- igan. Jonathan sells around $1 at Pa- cific Northwest shipping points. East- ern markets quoted Wealthy at 50 cents $1 per bushel on jobbing sales. New York and Maryland McIntosh brings $1 to $1.25 in New York. Pears are selling at considerably higher prices than apples and the gen- eral level compares fairly well with that of a year ago, but shipments, es- pecially those from the Northwest, are increasing. Considerable fruit is re- | ported going into cold storage in West- ern New Yok, where the crop is ex- pected to show a heavy percentage of No. 2 stock. New York Bartletts and Seckels are selling in Eastern markets at $1.25 to $1.50 per bushel Peaches are still in liberal supply on nearly all markets. Prices have not shown much chang; though there are not so many of the cheapest grades on sale now. New ishel in Eastern markets and most her lincs of this leading late variety sell within this range. Prices of 50 conts to 65 cents a bushel are quoted in Western New York, where a large crop is indicated. The marketing of New York peaches a year ago was made easier by the shortage that existed in other late sections. This season there is less demand from the Middle West on account of liberal production in that area P RAS T WHERE SAFETY IS IMPERATIVE —as it is in the of estate mortgages are prefcrred. tures which make them popular for such investment—saic return—are features o 69, FIRST MORTGAGES The investment is made fc of yvears—uwith this fixed return of interest—with principal se- cured by i improved Washington real estate. MORTG case of investment funds held in trust, first Those fea- v and certain 1 i our A term d liberal conservatively appraised purchased in th St. N.W. FOR SAFETY Refinancing at 1% offers the advantages of a longer loan term, and a lower interest rate . . May we prove to you, in detail, the substantial savings possible through five and one-half per cent Penn Dixie Cement. . Penn Dixie Cmt pf... Penn Railroad (3)... Peoples Gas(Chi) (8) Petm Corp of Am(1) Phelps Dodge (1). Phila Co 6% pf (3).. Phila&Reading C & I Philip Morris&Co(1) Phillips Petroleum. . Pierce-Arrow pt (6). Plerce Oil f... . Pierce Petroleum. Col Gas&El pf A (6). Columb Carbon (5) Comm Credit (1.60) .. Comel Iny Trust (2). Comel Solvents (1).. Comwlth&Sou (40¢) . Comwlth&Sou pf (6) Congolm- Congress Cigar (1).. Consol Cigars (5) Consol Filin pf (2). Consol Gas N Y (4).. function of the women's by acquainting bank women | rough social con- the interchange as: by ipating in the work public education; by enrollment in, Tegu ndance et and completion of in: ite courses, and the acquisition tute standard certificate. . B. A. Convention Program Ready. bankers are manifesting n the annual conven- Hill said this figure would be about 100,000 under the daily market de- mand, and suggested a sche of production and imports to into effect September 15, average of jobbing prices on If within 30 days a “fair price,” to| at markets during the be decided by the conference, was not S E a few declines in effect, the State commissions woul 5 cents to 10 cents per 50 pounds automaticaily curtail production 10 per | Were noted. Most of the Eastern cities cent from the September 15 allowable i plies and poor to Automatic 10 per cent curtailm New York, Massa- would continue each month until 1 the Middle West lead- the tee » another t 29 " 8 64 33% 250 172 10% 6 25% 103 561 5212 124 6% 12% 9 16% 4% T2% 4% 23% 6% 3% 1 ) of Loan Correspondent for the can_Bankers Associ: I ctober 5-8. Many d the fon: C. Stephensen will preside and of the chief addresses. Ogden Indersecretary of the Treasur ker. “Bank Manag ‘Today and _Tomor- is to be discussed by Fred W. orth of New Orleans, a very widely wn banker. cmund S .Wolfe, former local bank- will preside at the meetings of the onal Bank Division and also speak. bert T. Stephenson., head of the company division, is also down to Mr. Stephenson addressed gton bank last Winter and is speaker on financial topics. The past year has brought w banking problems which will get their full attention. U. S. EXPORTS OF RADIO APPARATUS SHOW GAIN| By the Associated Press Foreign sales of American radio ap- | paratus are continuing upward despite | world depression Calculations by the Commerce De- partment showed that during the first months of the year exports of radio receiving se in particular re- corded a gratifying gein, totaling about £7.100.000, in comparison with $4,680,- 000 in the same months of last year. Radio receiving tubes amounted to £1,092,000, as compared with $1,335,000 in’ the 19 and receiving set combor as against $1.783.000. Other radio apparatus, such as trans- scts, tubes and parts, loud- s and other receiving set acces- sser items also registered total of all radio ex- continued ahead of last | en-month period, amounting 000, as compared with $10,- | radio e The Argentina. Mexico and Aus- e been the leading markets n radio equipment this year A. T. & T. REPORTS GAIN N OPERATING INCOME clated Press. September c one & Telegraph Co. its report to the Interstate Commercs nmission, reported July operating income of 1,112, compared with £2.204,43 12.—~The ing income for the first seven ! onths this year asgregated $20,146,617, st $19,890.967 BUSINESS FAILURES GAIN. B the Associated Press Business insolvencies increased dur- the week ended September 5, as the trend was measured by the Com- merce Department. In the levels that follow the average number of mortal- . is given for comparable periods, bas.d on representing the 1923-5 aver- age as 100: 1ded September 5, 113.8. week, 107.1 k last year, 82.6. A cretin is a child suffering from Ahyroid deficiency. ing 30 228, 2515 46 42 691, 231y 6% 11 9% 19% 119 Consol Textile Container Corp Contl Baking (A) Centl Baking (B) Contl Baking pf (8). Contl Can (2% Cont Diamond Fibre. Cont Insur (2.40).... Contl Motors. Contl O1l (Del). Corn Products ( Coty Inc.. Cream of Wheat t2% Crown Cork (2.40). . Cuba Cane Product: Cuba RR pf (6). Cuban Domn Sug: ‘udahy Packing (4). Curtis Publish (4). 214 Curtiss Wrignt. . 3 Curtis Wright (A).. 15% Cutler Hammer % Davison Chemignl. .. 15 Deere & Co pf €1.40). 9714 Delaware & Hud (9) . Del Lack & Wn (4).. Detroit Edison (8). . Dome Mines (1)... Domn Stores (1.20) Drug Corp (4).....0 Dupont de Nem (4) Du Pont de N pf(6) Bastman Kodak (18) Eaton Axle (1.60)... Elec Auto Lite (4).. Elec&Musical [nstru Elec Pwr & Lt (1)... c Pwr & Lt pf (7) Elec Storage Bat (4). Endicott-John pf (7) Equit Otfice Bldg 2% 36l Fid Ph Fire In(2. 13 Firestone T & R (1). 56 Firestone T&R pf(6) First Natl Strs (2%) “oster Wheeler (1).. at Inv mbbe m (A) (2%). ort-Tex (3) mewell Co (3). . n Am Tank Car(4) 17'x Gen Baking (2) 35% Gen Electric (1.60).. 3 n Food Corp (3).. n Gas&El A (e30c) Gen Motors (3) Gen Motors pf (5). Gen Ry Signal (5). 1% Gen Realty & Util. 2514 Gen R & Ut pf (e6).. 29 Gen Refractories (3) 1% Gen Theatre Equip. . 153 Gillette Saf Razor. 4 Gimbel Bros. .. 4 Gobel (Adolf) 21 Gold Dust (2% 81 Goodrich (B F) 30% Goodyear T& R (3). 214 Graham-Paize...... 10 Granby Con Min (1). 12% Grand Sil Strs (h1).. 36 Grand Union pt (3).. 25% Grant (W T) (1).. 30 Great Northn pf(4). 16 Great Northn Ore(2) 2% Grigsby Grunow. 1% Guantanamo Sugar 4% Hahn Dept Stores. 12 Hall (WF) (1.20) 111 Hercules Pow pt (7) 8313 Hershey Choe (5) 24 Holland Furn (12% 5% Hollander Sons. ... 81 Homestake Min (18). 4% Houdaille Hershey. 27 Houston Oll. 13 Howe Sound (2). 30% Hudson & Man (3%5) 11 Hudson Motdr (1)... » (Y- PSP - = [T =t 1~ TSR~ P 5 - au wommans ~eimladaled ~dRcaralar muaann 27 154% 13% 27 20% 26% Ta 4% Tk 9614 10213 120% 5813 2 n 101% 25 Pillsbury Flour (2).. 8 Pitts Screw&B(70c) . 6 Poor & Co (B). 44 Port Rig Am Tob(A). 615 Prairie Oil & Gas. ... 145 Prairie Pipe Line(3) 2% Pressed Steel Car. ... 14% Pressed Steel Car pf. 554 Proct & Gamb (2.40) 71% Public Sve NJ(3.40). 95 Public Sve NJ pf (5) 109% Public Sve NJ pf (6) 27% Pullman Corp (4). % Punta Alegre Sugar. 543 Pure Oil.... 66% Pure Oil pf (8). . 55% 19 Puritv Bakeries (3). —_ e 2T% 60 24% 9715 46 17 11% 4y 10 21% T5% 72 205% 12 Radio Corp..... . 311 Radlo Corp (B) (5).. 11% Radio-Keith-Orph A. 46% Reading Rwy (4). 37 Reading 1stpf (2)... 5 Real Silk Hosfery. .. 22 Real Silk Hoslery pf. 5% Remington-Liand. ... 10 Republic Steel. . 40% Reynolds Tob B (3). 1 Richfield Oll. . 3% Rio Grande Oil. . 15% Rossia Insur (2.29). 38% Safeway Stores (5).. 14% St Joseph Lead (1).. 9 StL-San Francisco St Louis Southwn. Schulte Retail Stor Seaboard Alr Line. Seaboard Ofl.... Seagrave (60C)..... Sears Roebuck (2%). Servel Inc. . o Sharp & Dohme. .. Shattuck (FG) (11%) Shell Union Oil . Simmons Co. . Sinclair Consol Oil Skelly Oil.... Skelly Ol pf ww.... Socony-Vacuum 1.60 South Port Rico Sug. Southn Cal Ed (2)... Southn Pacific (6). .. Southern Rwy (m6). Spalding (AG) (1).. Spald (AG)1st pf(7). Sparks Withing (1).. Spicer Mfg. ... Spicer Mfg pf (3). Stand Brands (1.20). Stand Gas&El (3%). Stand Gas&El pf (4). Stand Ofl Cal (h2%) Stand Ol of Kansas. Stand O11 NJ (12). Starrett(LS) (12%). Sterling Sec cv pf(3) Stewart Warner.... Stone&Webster (m2). Studebaker Co(1.20) Studebaker pf (7). Sun 011 (1) Superheater (23). inzton (A 18 Texas Corp (2 29% Tex Gulf Sulphur(3) 714 Tex Pacific Land Tr. 93, Thompson Prod 1 20. 2'4 Thompson Starrett. . 4 Tide Water Asso Oil. 5% Timken-Detroit Axle 283 Timken Roller B(2). 1% Tobacco Products. .. 9 Tobacco Prod A t9bc 5 ‘Transamerica (40¢c). 7% Transue & Will (1).. 6% Tri-Contl COrp...... 9015 Tri-Contl Corp pf(6) 8% Truax Traer Coal Co 6 Ulen & Co. ceeens 37 Under Ell Fisher (4). 4314 Union Carb & (2.60).. 4 13113 Union Pacific (10)... (Continued on Page 14.) N AADHR O~ D D AN DN AN~ NN D Baw0aR B S 7 0% 4% 6% 371 37% 46% 45% 1 133% 152% | strict I'rise in ‘temperature towa | In { for the | Committee of the | household furnishings | which had refrained price goal is reached. Business Notes NEW YORK, September 12—Recur- rence of hot weather served to the volume of consumer pur chasing of new Fall merchandise, re- tail executives in New York report. Improvement was shown in sales im- mediately after Labor day, but the the week end cut down the expanding volume. view of the comparatively poor trade in the week preceding Labor day, it was estimated that dollar volume half-month period will tend to run close to 10 per cent below fig- ures for the corresponding period of Official adoption of 40 factory pre- packing standard containers was an- nounced by the Factory Prepacking ail_Dry Goods Association of New York. The contain- ers will be used in prepacking of and other mer- chandise subject to such handling at the factory. The retarded pace with which Fall business is deicloping in a number of lines, including apparel, _accessories and home furnishings was held in the trade to emphasize the need of a great variety of new effects if trade is to be stimulated during the latter part of the season. Despite the current slow- ness, the new styles have imparted to business in department-store lines a certain amount of momentum. Retail trade in men’s wear was ex- tremely spotty during the week, with the warm weather hampering sales of Fall goods in many stores, but with the low prices featured by some re- tailers atiracting a class of customers 1 buying in these establishments previously because they thought prices were {00 high. These low-end purchases enabled such stores to maintain, and in a few cases, to exceed last year's volume. DECLARES NEW IDEAS KEY TO PROSPERITY New ideas are the key to economic recovery, in the opinion of Dr. Harrison E. Howe of the American Chemical Socfety. The real problem is one of selection and requires even more re- search into human desires than into things to do, declares Dr. Howe. “Who, for example, will provide a really first-class fuel for cigarette light- ers?” he asks. “Or a convenient can opener? Much time and effort have been spent to make people buy what they do not want. A little originality mixed with a lot. of practical psychology and applied with diligence is the best foundation for tomorrow’s fortune.” Idleness among the trained members of the creative profession of chemistry is not only inexcusable but little short of criminal, according to Dr. Howe. “Idleness cf scientific equipment is likewise inexcusable,” he adds. “It would pay those with idle space and facilities to consider seriously some form of_grubstakes for men with ideas.” Money to Loan Secured by first deed of trust on real estate. Prevailing interest and commission. Joseph 1. Weller &35 1 & Teu sources of receipts at present. Prices are about steady in Eastern producing sections at 85 cents to 95 cents per 50 pounds, but demand at shiping points is reported limited. Onions grown from sets are being shipped from Western New York and are quoted at 90c to $1 | in the Rochester district. Jobbing price range in Eastern markets is still $1 to $1.25. W ton_quoted top of $1.35 | to $1.50 on York yellow onions, | Massachusetis stock averaged slightly | lower than New York. Ungraded Mary- | land and Pennsylvania onions brought $1.75 to $2 per 100 pounds in Baltimore. | Midwestern onion markets were itreg- | ular but without much of a trend in | either direction. | Cabbage has declined rather steadily | since the opening of the main crop shipping season_in August. Prices at Western New York country shipping | points dropped rapidly to a range of $9 to $10 per ton bulk, and the demand is reported slow. Consuming markets report this stock at $14 to $18 in the East, but_some of it sold at $30 in St. Louis. The Western supply appears to be considerably below that from Eastern producmg sections. Most of the ship- ments now are from New York, Vir- ginia and Wisconsin. Arrivals are moderate in most Eastern cities, but liberal in Cincinnati. Demand is slow at_all markets Celery -supplies are fairly liberal and demand slow nearly all Eastern markets. New York celery declined 25¢ in New York the second week of Sep- tember. but was steady in other East- | ern cities at a jobbing range of $3 to | $3.25 per two-thirds crate. The early varieties of cele showing con- siderable insect damage in Western New York producing sections. The insects sting the stalks and a black darkened blemish results. The acreage in New York is reported at 5.250 acres, slight- ly heavier than a year ago. The close culture system is less prevalent this season and a larger percentage of late type_celery probably produced. Since 1809 MONEY TO LOAN at 5':% and 6 Interest Before Placing or Renewing Your Ist and 2d Trust Consult WELCH Realtor Loan Specialist 15th and N. Y. Ave. (National Savings & Trust Ne First Mortgage Loans Lowest Rates of Interest and Commission | Thomas J. Fisher & Company, Inc. | National Organization —desires to sublease its spacions quarters in mod- ern, centrally located office building. Greatly ‘reduced rental, Address Box 111-D Star Office “The Prudential” = Prompt approvals — Val T hree year loans on newer properties without amortization. 1001 Fifteenth Street RO8ET ANB AL financing. tle prepayment privileges — H.L.Rust Company National 8100 B D 1 § H 8 89 An Abundant Yield for a conservative investment. . . SAFETY because of the security ...CONVENIENT in thedenom- inations of $250 up. 6% First Mortgage Notes secured on improved properties in the District of Columbia and adjacent Maryland suburbs. We will gladly tell you more of the six per cent notes now available. H. L. Rust Company 1001 Fifteenth Street ESTABLISHED 1889 National 8100 (e e e e )