Evening Star Newspaper, September 28, 1931, Page 15

FIN INLIGHT TURNOVER|-= Early Irregularity Gives Way to Steadiness as Session Progresses. BY JOHN H. CRONE. Bpecial Dispatch to The Star. NEW YORK, September 28.—After epening lower, stocks on the Curb Ex- change steadied today, but trading re- mained light. Pivotal issues, such as Electric Bond & Share, exhibited the most firmness after the early irregularity. Standard Oil of Indisna, for instance, moved within a quarter of a point. Cities Service ranged within an eighth, which also was true of Middle West Utilitles. Specialties and inactive issues, in sharp contrast to the narrow move- ments of pivotal shares, ranged widely in the forenoon session, which in point of dullness was only exceeded by the similar period .on September 1. Consolidated Mining & Smelting broke 15% points before midday. Amer- ican Commonwealth Power preferred toppled 142. Empire Fuel & Gas pre- ferred jumped 7!, points. New Jersey Zinc advanced 31.. Singer Manufac- turing broke 5 points. Along with the steadiness of the piv- otal issues and the reaction of less ac- tive shares, there were wide quotations heard on the floor on stocks that did not appear on the tape. The case of Northern Pipe Line is typical, It de- clined 12 points last wesk to 20, but although mo sale of it appeared during the first two hours it was quoted 25 bid end 30 offered. British shares were less active than a week ago and their price movements were narrow. Ford Motor, Ltd, moved within a range of 33 point. Wool- worth, Ltd., common was virtually un- changed, and General Electric, Ltd., ‘was up 3. Responding to an earning statement that was better than anticipated, A. O. Smith Corporation, which showed $6.28 a common share for the year ’e;lld:g J;J‘l'gollfisc:glllnn 310.80“; share e ear, opened up 2 polAn]ls. i y pel P uminum Co. of America opened down 2% points, but when the Mellon g,o,nilxmolu.nfed a ;0 per ”!‘.’l:g"duc“on salaries and wages, mon ll(;“k ;uufle@ o e ord Moter of Canada B registered the widest move in the momn,e.}lseclm- ing 3% points. Lake Shore Mining, With a drop of 13, was a weak spot in the mine division, and Blue Ridge con- Yvertible preferred enjoyed this distinc- tion in the trust group. Specialties like Mead Johnson and Parker Rustproof improved. American Gas & Electric preferred yielded 2 points, and New England Power pre- :‘e\l:l‘g as ol;lni‘m;n that much. Wil- ones, whicl as d steadil; in recent weeks, ludde:l;w b‘::ced wa.-; ; 1:lttsmv.ud & recovery of more than 2 L d 4% er Roll M 4145 Amer Roll Mill 5s '48 70 1Appalach Pow 5s '56 Ind 4'3s '53 & E 445 49 C El 85 (50 28 188, 100 4710244 1 156 10513 1 156 88 om. b 46 42 83 92' 0 B 86 3 98 i 46 a7 2, 68 7 96 100! 103 08! [ 9! 98 § SETEE IEE = S SSusgrasysreangs 28888222T FEE Wat Wk 6s B orgia Power 55 fidden, co rand Trun it off ] uit Oil Pa 8 47 92 1 Pow & Lt €5 A ‘33 100% 100% 100%s | Pow & Lt 55 C 136790 © 90 © 80 iinols P & L 8'38 131 15 devendt Ol 65 epen: s cnap P&L 5 BEEE0000! 0 0 O LN 8 5 e AN e SEEEEE § r & ans P & L entucky Ut RRRRSEE! 32 s River 58, '51 Mont L H&P 55 A '51 Narra; ' e D D 1100 e Gt e Do 000 S 5338 20072222 £ 0 S u Southern ‘N 8tn ¢ LAV B9 B A T A1 oF g $sagggscae: i 1 gzs 223 3 % & " e e 47 o '! ANCIAL, Stocks sold in 100-share lots except these designated by letter “s.” Btock Bales— d d Rate. Add 00, Open. Hish. Low. 1 1% v, 1031~ High. Low. Dividens 24% 11% Afliated Prod 1.60. . 3% % Allegheny Gas Corp.. 2 18 Allied IntInvevpfs 4 90 Aluminum Co of Am 4768 10 Alum Goods (1.20) 3 34 Aluminim Co Ltd 4 AlumLtd Bwar, 15 Am Arch Co (3). 1% Am British & Cont. 1% Am CapitalB..... 2% Am Cit PAL B b10% . 6 AmComP A (b10%) 58 Am Com Pwr 1st 6% . 265 2 AmCorpn (£30¢).... 3 & Am Corp war. . % 3% AmCyanamid B..... 108% Am DT NJ cv pt(7). 2% Am Equitfes. .. 6% Am For Pow war. 114 Am Founders. . 39% Am Gas & Elec (31). 34 AmGas&Elpf(6).. 2 Am Laundry Mch(2) 758 Am Lt & Trac (2%).. 4 Am Maracaibo...... 8 Am St Pu Sv (a1.60). Am Superpwr (p40c) Am Superp 18t (6)... Am Thread pt (25¢).. Am Util & Gn B vic. . Am Yvette (25c).... 1 65 2 Arkans Nat Gas A. Ark N G cu pf (60c). ArkP&LpL(7).... Armstrong Cork (1). 50s s Asso G&El A(b2-25). 12 Asso G & El war. Atl Coast Fish. Atlas Util Corp. Atlas Utilities wi Bigelow-Sanford Blue Ridge Corp. Blue Ridge cv pf(a3) Brazil Trac Lt&P(1) Brit AT rg 1.17 4-5c. Buft N&EP pf (1.60). Burco Ine war . Burco, Inc, co 20% 114 20 ™ 13% 24% % 34% 3 02 1 Canadian Marconi. Carib Syndicate, . Carnation Co (§1%). Cent 111 Pub 8 pf (6). 10s Cent Pub Sv Del. Cent Pub Svc A b5%. Cent Stat El (b10%). Cent West PS Aal% Centritug Pipe (60c) Chain Store Devel. Chain Stores Stock 4 Chesebrough (15%). Citles Service (g30c) 105 Cities Serv pf (6)... Claude Neon Lts Inc. Clev E] Illum (1.60). 4 Colombia Syndicate. Col Ojl& Gas vte.... 1 Cmwlith Edison (8)..150: 4 Cmwlth & Sou war.. 3: Comstock Tunnel... Com Wat Ser g12%¢. 2 Consol Copper...... 1 Con Gas Balto (3.60) 4 Consol G B pt A (5). 1508 Con Min & Sm (£2%)100s Cont Shares cv pf... 1258 1 1 19 1 1 5 5 s 9 Creole Petroleum Cresson Consol (4 Crocker Wheeler.. .. Crown Cork Intl (A) Cuneo Press (2%)... Cusi Mex Mining. Dayton Alr & Eng Deere & Co,.... Eagle Picher Lead. . 8 EastG & F Assoc. .. 1 EastG&F Aspf(6). 253 EG&T As prpf(4%). 258 East Sta Pow (B)... 3 East Util Assocev.. 2 2 1 7% Elec Pow Assoc (1). 6 Elec Pow Assoc A (1) 8% Elec P & Lt op war. . $1% Elec Sharhldg pf(aé) % Empire Corp........ 47% EmpG & F cu.pf(7). 45% Emp G & F'cu pf(8). 50: 25 Empire Pwr pt(2.24) Fiatrets (94%c).... Florida P & L pf (7). Ford M Can A (1.20). Ford Mot Can B 1.20. 25s Ford Mot Ltd 36 3-5¢ 27 Foremost Dairy Pr 2 Foremost Fabrics. Fox Theater (A). Gen Aviation. GenE Ltd rei Gen Empire (1) Gen G&E cv pf B(6). Gen Theat Eq ev pf.. Glen Alden Coal (4). Globe Underwr (15c) Golden State Co Ltd. Goldman Sachs..... 4 Gold Seal Elec new Graymur Corp (1). .. Gt At&P T nv (16%) Gt At&Pac Tea pf(7) Groc Strs Prod vtc. . Gulf Ollof Pa (1%). Hamilton Gas v.te... Hecla Mining (40c) Hires (CE) A (2). Hollinger Gold(§5e) . Hudson Bay M & S. Humble Ofl (12%). 111 Pow & Lt pf (6).. Imp O1l of Can (50¢) Imp'l T GtB&I(1.12). Insull Inv (b6%)... N Insurance Sec (40c). Int Cigar Mach (2%) Int Petroleum (1)... Int Srverp (11.10). Int Utilities B. 1 Interstate Equities 12 Inter Equev pf (3) 1% Italian Superpow A. 12% Kiein (D E) Co (1).. % Kolster-Er (Am Sh). 29 Lackawanna Sec (4) 24% Lake Shore Mines(2) 1% Lakey Foundry.. 5 Lefcourt Realty 1.6 4 34% 8 15% 3 - 'ORDERS FOR LUMBER | EXCEED PRODUCTION ' Lumber orders for the sixth consecu- tive week exceeded the curtailed volume of production, it is indicated in tele- 832 leading hard- wood mills for the week These gave their total production as 187,480,000 feet, with orders 3 per cent above and shipments 7 per cent above this figure. A week earlier 845 mills reported orlers 8 per cent above and | shipments 14 per cent above a total production of 158,708,000 feet. Com- ruuon by identical mill figures for the latest week with the equilalent week a | year ago show. For softwoods, 456 mills, production 28 &: cent less, ship- ments 21 per cent , and orders 27 per cent less than {of the week in 930; for hardwoods, 231 mills, pro- duction 29 per cent lfi'mlvmu 19 per cent or 19 per cent under the volume for the week a year for the week , 1931, by 568 soft- 3, feet, or of the as for were 180/618,000 feet, the same as ction. 171,363, feet. 283 hardwood | Present | served Pro- |months of |States lead in the mills rew factorles, with KET Btock and Bales— Dividend Rate. ~ Add 00. Open. Hish. ~Prev, 1931, High. Low. 26% 1% 25 Close. 176 1TRN 1% 1 1 1 £ Bd Nat % N: elson Niaj Penn Peopl Sou C: So New Tampa Utility Walker Welch Gr Juice (12) ‘Wenden Copper . Wil-low Cafeterias. . 4 Witison Woolworth (FW)Ltd Wright Har (112%¢) 1 % “¥”Ofl 3% Peop G L & Dividend ra i us JPlus 3% in _ stock. n Plus 8% in 19% Lefcourt Real pt (3), G Long Island Lt (80c) Magdalena Synd..... Mapes Cons MIg(t4) Mass Utev pf (2%). Mead Johnson (15). . Merritt Chap & Scott Mesta Machine (2).. Metal Tex pt pf(3%) Mid Sta Pet vie A 22¢ Mid West Ut (b8%). Mid W Ut cv pf xw 6 Midland Unit (b6%). Mo-Kan Pipe Line. Mohawk Hud 1st(7 Murphy Co (1.60) Aviation. Nat Family Store: Nat Fuel Gas (1). Nat Investors Nat Service Co. Nat Sh T Sec A $60c. Sugar NJ (2)... Transit (1).. New Eng Pow pt (6 New Eng T&T (8) New Jers Zinc (13 Newmont Mining. Newport Industries. N Y & Hond Ros (1). N Y Steam Cp (2.60). Tel pf (6%).... N Y Transit (180¢). . Niag-Hud Pow (40¢; Niag-Hud Pow A w ", Hud Pow Bw.. Niag Sh Md (40c)... Niles-Bemt-Pond (1) Nipissing. 5 Nitrate Corp Chile B. Nor Am Aviat A war Nor Am Util Sec.... Nor & So Am Corp A. North European Oil. NorStPowA (8)... 7 Nor St Pow pf (6)...220s Ohio Copper. Patterson Sarg (2) Pennroad Corp (40c) Perryman Electric. . Phoenix Secur Corp. Pitney Bowes (b4 %) Pittsburgh&LE(110) Pitts Plate GI (2)... Plymouth Oil (26¢).. Powdrell & Alex 3. Republic Gas Corp. . Reybarn Co. .. Reynolds Invest. .... Richmond Radiator. Rike Kumbler (2.20) Rock Lt & P (30¢) ... Row: Ref cv prpf... St Regis Paper (60). Balt Creek Pro(1.40). Ses Allied Corp (1).. Seeman Bros (3).... Seal L & H (as0c).. Selected Industrie: Sle Ind al ctfs(5%) Shattuck Den Min. .. Shawin W&Pwr (2). Shenandoah Corp. Shenandoah Corj South Penn Oil (1).. % SoCalEdpfB (1%). Southern Nat Gas. .. Southld Royalty 20c. SWGEERL (1).... % S W Gas Utilitfes. Spleg May Stern pf.. Stand Ofl of Ind( 1) Stand Oil of Ky Stand Ol Ohio (2%).100s Stand Silver & Lead. Starrett Corp pf (3). Stutz Motor Car Sun Invest pf (3). Swift & Co (2 Swift Inter: . Teck Hughes (60¢c).. Tenn Products (1).. Todd Shipyard (4).. Trans Lux DLPS.. 4 Unit Corp war...... Unit Elec Sv (p1.41). Unit Founders Unit Gas Corp war.. Unit Gas pf (T)..... Unit Lt & Pw A (1). Unit L & Pwr pf(6) U S Elec Pow ww Unit Stores v.t.c..... Unit Verde Exten (1) Utll P&Lt(at1.02%). Util Pwr & Lt p£(7). 20( Util & Ind Util & Ind pf (1%).. Util Equity p£(5%).. Venezuela Petrolm. , Vick Financial (30c) WalgreenCo........ Walker (H) (50¢).., Received by Private Wire | Direct te The Star Office Lo w. Close, 20 % 10 26% 1 20 20 10 5 d Lt pf (7).. 408 106% 106% 106% naLan&Ex. 11 % % 1% % 14 % 2 37 24% 55 18% 321 1% 1 70 14% 3% 98% 2% 3% 30 ) 400 3% 23% Kl &8 Corp (1). (Herman). . Y% 115% 115% X .17 814 10 ) t & Pow (3) L&PWT (A). 5% | 43 Edpf C(1%) Eng Tel (8). 12 15% o 6% | ) . vl (14) Electrie (32). Equitles. 4 3 2 2 1 9 2 5 Mining...... 1 . 258 o 1 Jones....... 2 43 z &QGas....... 1 RIGHTS—EXPIRE, w3 au| ast quarterly or semi-an- xtra. IPlus 1 in stock. A hPlus 1% in in atock ~ m Plus 3% in D Paid last year—no regular rate. upon production of the latest calender year—300-day year—and may be com- pared with unfilled orders of 516 soft- vood mills on September 20, 1930, of 777,017,000 feet, the equivalent of 15 days’ production The 418 identical softwood mills port unfilled orders as 516,104,000 feet, the equivalent of 11 days’ average pro- duction, on September 19, 1931, as com- pared with 715,743,000 feet, the equiva- lent of 16 days' production, for the same week a year ago, Last week's production of ‘456 identical softwood mills was 163.449,000 feet, and a year 840 it Was 227,649,000 feet. Shipments re- 165,460,000 feet' and 227,431,000 feet. |In the case of hardwoods 231 identical mills reported production last week and |a year ago 14.497,000 feet and 20261, | 990 feet: shipments, 19,245,000 feet and | 23,714,000 feet, ana orders, 18,878,000 feet and 23,177,000 feet. INDUSTRIES INCREASED | BY USE OF ELECTRICITY | B the Assoclated Press. CHICAGO, September 28—A total of 542 n industries or expansion of e ‘communities Bystem is 1 establishment of a total power de- business as 20,126,000 feet, or |mand of more than $1,000,000 annually. above production, ments as r%hq‘ for the rame were 20,663, feet, or 28 per bove production. Production was 16,- from 482 softwood mills give of 520,613,000 feet on 1931, or ‘h*.‘:‘w week cent Ship- |Much_of this growth is accounted for by industrial expansion in | 're;u ofl fleids. ployes were engaged by these nded factories. The F increase is estimated L s o were, respectively ‘170,787,000 feet and | 214871000 fect, and orders received | 25°420,000.508 | of ' AUTOMOBILE SALES | DECLINE REPORTED By the Associated Press. DETROIT, September 28.—R. L. Polk mobile industry reports that sales of new passenger cars and commercial vehicles have declined steadily since January in compariscn with the five- year average. From 70.09 per cent of the five-year verage in January new passenger car sales declired to an estimated 52.33 per cent in August, and commercial vehicles from 94.38 per cent in January to 71.22 per cent in_August, the figures show. The estimate for August is based on reports from 44 States, New car sales in 44 States in August were 147,220 units. This is a decline August, 1930. The 44 States ing account for 96.12 per cent of the country’s total new car sales, Purchasing Agents Named. CHICAGO, September 28 (#).—An- nouncement has been made of the - go‘l:mofcwktcu.ofump 3 n. and Williamson & Inman, Inc., ;f,ltpu:nu. °BB":"".‘:.': of the Cua:; cking . for purchase Southern cotton. New Bond Offerings. of 23.87 per cent under the total for Al COMMODITIES GAIN IN EXPORT TRADE 2 Chamber of Commerge Fig- ures Reveal Increased Sales of Raw Materials. By the Associated Press. Certain basic commodities made note- worthy gains in American export trade during the first six months of 1931, despite a decrease of 36.6 per cent in the dollar value of total shipments. ‘These b{yum ;:re Jvm lcl; analysis the Chamber of er of ge United States, showing 16 out of 99 leldlnf items were pu d in larger quantities than last year. Afri- cultural’ products figured prominently. ‘The commodities cited in the cham- ber's report, with the percentage of increase, were: Unmanufactured coton, 8 per cent; furs, 3; leaf tobacco, 2; fresh apples, 133; oranges, 144; canned fruit, 17; rice, 11; prunes, 122; barley, 13; grapefruit. 63; raisins, 5; inedible ani- mal oils and greases, 33; old and scrap copper, 234; radio receiving sets, 101; camera films, 0.1, and broad silk, 1. Three of these exports increased' in value as well as volume, namely, apples, 113 per cent; oranges, 25, and prunes, 8. These increases, the chamber sald, are all the more significant when it is considered that the total value of Amer- ican exports was $1,333,000,000 during the period. Palling prices were respon- sible to a considerable extent for the decline, as the total quantity of exports, it is estimated, declined only 22 per cent. ‘The first 10 items in export trade during the first half were, in order, unmanufactured cott6n, automobiles and arts, gasoline and naphtha, leaf to- E-cco, agricultural machinery, electrical machinery and apparatus, lubricating ofl, coal, lard and refined copper. Heavy decreases were registered by most of the exports of foodstuffs, some fruits, however, being a notable. uu&;- . Exports of wheat totaled 20,806,- 000 bushels, the smallest amount for a similar period in years and 36 per cent below 1930 and 35 per cent less than the average for the last five years. In value the total was 58 per cent less than a year ago and 63 per cent less than the five-year average. Import figures, as weighed by the chamber, for the same period showed corresponding trends. Value for the six months totaled $1,107,000,000, or 36.2 cent smaller than last year. It was held noteworthy that the rate of decline of imports on a dollar basis was about the same as export trade. A weakening of commodity prices was held a major factor in the increase in total value of imports. The average price level, it was estimated, was 24 per cent lower than® year ago. The quan- tity of merchandise imported dropped off about 16 per cent. New York Cotton Special Dispatch to The Star. NEW YORK, September 28.—Cotton prices were 1 to 5 points lower at the opening of the market today. Trading was light and price movements were & reflection of slight heaviness on con- tinental markets. Opening prices were: October;, 6.03, off 2; December, 6.20, off 5; January, 6.34, off 2; March, 685, up 1; 6.75, up 2, and July, 6.89, up 2. Grain Market By the Associated Press. CHICAGO, September 28.—Grains showed an early downward trend today, affected by instability of sterling. Sweden and Norway's abandonment of gold standard was als> construed as rish. Opening unchanged to %-cent off, wheat afterward sagged further. Corn started Y-% down and subsequently underwent an additional sag. Adding to the bearish influence of forejgn exchange was announcement that the official estimate of the Hun- garian wheat crop was now 73,600,000 bushels, against earlier estimates of 65,036,000. A detailed report which at- tracted much attention showed that the average price of wheat at 500 shipping points in the United States last weei was 37.1 cents a bushel, compared with 4| 68 cents a year ago, and that the aver- age price at Canadian stations was 38.2, against 55.6. North Dakota, Kan- sas and Ohio prices, representing re- spectively Spring wheat, hard Winter and soft Winter wheat, indicaged that hard Winter prices had been cut more than those of Spring wheat or soft Winter. Liberal receipts of corn in Chicago acted as a weight on’ values, and so too did favorable weather for field work. Chicago arrivals were 158 cars, sur- passing the figures both of a week and & year ago. Receipts of corn at other primary markets, however, were rela- tively small, 479,000 bushels, compared with 618,000 on the corresponding day last weck and 703,000 at this time last year. Oats were easy, influenced by corn and wheat. Provisions lacked support. WAGE CUTS ORDERED. SPRINGFIELD, Mass.,, September 28 (#)—The United States Envelope Co., +¢ | with main offices hers end plants in this and other cities, today announced sal- ary and wage reducticns effective at once, All employes from executive offi- cers to factory workers are included in varying amount. Last May a reduction was mad: affecting salaried workers only, amounting to two weeks' compen- saticn, but wage rates were unaffected. For some time many of the company plants have been on shortened schedule. Sl S AT N NEW YORK BANK STOCKS NEW YORK, September 28 (#).— Over-the-counter rharket: P Bid. Asked. % N | 31 3913 America, Chase ... grat pheinc merc Firal Natl N # o - ohe™ & Co. in its weekly survey of the auto- | Publi Bankefs rooklyn *: hem Bk & Cont Bk & Exch ... Empire . Guaranty .. |rving . Manufact New York SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) offe; Alifs-Chalmers, Co. §s ‘1937.... 97% American Cndtn’ Go.” s 15 38 X 33.0. 96 American Tel. & Tel. 5%s 1043 107%4 m B s 1034 100 ers norm: Bel ALY | Betnichen: Chi. Northwestern R. R. Chieago Rock Islang 5 Cleve. Lor. o Service ' Grand Trunk of Canada louston E. & W. Texas umble Oil ‘8'as’ 1933. clede Gas Light Co. Loutsville & Nashville New York Cent. & H. New York, Ch! NEW YORK, tember 28 . (#).— New bond nfl.flns.fp scheduled b‘:,)“ the week States and municipalities for total $38,038,693, or slighisy i excens the weekly a 7,604,019 of new offe Buyer i, Northwestern T Ea. R. R. Co. & BALTIMORE, Md., September 28— 10?" 80a1.20; sweet , bushel, 40a50; beans, bushel, al beets, per 100, 2.00a2.50; cab- bage, bushel, 25a35; carrots, per 100, 3.00a4.00; corn, per dozen, 8al15; cucum- bers, bushel, 1.00a1.25; eggplants, ham- per, 40a50; lettuce, per crate, 25a3.50; caulifiower, crate, 1.25a2.00; celery, crate, 1.15a1.75; lima beans, hamper, 7582.00; okra, bushel, 1.00a1.50; pep- | pers, hamper, 25a35; onions, per 100 inds, 1.75a2.00; spinach, bushel, 60a §S: “tomatoes, hamper, 25a75; canners' | stock, bushel, 50a60: apples, bushel, 40a 1.25; cantaloupes, crate, 1.10a1.75, Dairy Market. Chickens, young. 22a27; Leghorns, 19 | #22; old hens, 18a36; Legharns, old, 14a ] 2a15; ducks, 13a20; pigeons, pair, 15a20; guinea fowls, pair, 25850. Eggs—Receipts, 419 cases; current re- ceipts, 15a22; hennery whites, 28a3 nearby firsts, 23; Western firsts, 23. Butter—Good and fancy creamery, 30 a35; ladles, 20a32; process, 23a24; store packed, 16, Live Stock Market. Cattle—Receipts, 900 head; good sup- ply; market dull. Stee: oice to prime, none; good FINANCIAL., 0% 6.00a7.00; fair to medium, 5.50a6.00; plain to fair, 5.00a5.50; common to Pplain, 4.25a5.00. Bulls—Choice to prime, none; good to choice, 4.50a4.75; medium to good, 4.00a4.50;" fair to medium, 3.50a4.00; plain to fair, 3.26a3.50; common to plg:' 3.00a3.25, to ws—Choice to prime, none; good to choice, 4.25a4.50; medium to good, 3.7524.25; fair. to medium, 3.25a4.75; plain to fair, 2.25a3.25; common to plain, 1.50a2.25. Heifers—Choice to prime, none; good to choice, 6.00a6.25; medium to good, 5.75a6.00; fair to medium, 5.25a5.75; plain to fair, 4.75a5.25; common to plain, 4.0024.75; fresh cows and sprin- | ers, 30.00a60.00. Sheep and lambs—Receipts, 600 head; fair supply, market stronger; sheep, 1.00a3.00; lambs, 3.50a8.00. Hogs—Receipts, 2,100 head;._ fi ply; market her; medium, 5.7586.00; heavies, 5.50a6.1! pigs, 5.60a5.85. Calves—Receipts, 300 head; light sup- ply; market higher; calves, 4.00810.50; Hay and Grain Prices. ‘Wheat—No. 2 red Winter, export, no quotations; No. 2 red Winter, garlicky, spot, domestic, 50; September delivery, 50; October, 50%,. Corn—No. 2 yellow, domestic, spot, 57a58; cob corn, 3.00a3.25 per barrel. Recelpts, none. New hay is to choice, 7.0027.65; medium to good, Hay- !(.anlng to arrive in increasing quan- | tities, but so far no official grading has Finish Walls One or new or *»¥¥ A—1§ been selling bel strictly on merit, Iornfiuylhv, and market is dul! and quiet, with in buyers' favor at a range of 18.00 per ton. Oats—No. 2 white, domestic, spot, 31a32; No. 3, 30a31. Rye—No 1 wheat, ton; No. 1 oat, 9.00a10.00 g per ton. COTTON TRADE EXPECTS AN ERA OF PROSPERITY BY the Associated Press. ' NEW YORK, September 28.—The cotton manufacturing industry, as it has freed itself from the extreme Indi- vidualism which serjously restricted its operations in the past, is now looking forward to an era of greater prosperity, according to an article in the latest is- sue of “Investment Banking” by George A. Sloan, president of the Cotton- Textile Institute. B Bank Fails to Open. CHESHIRE, Conn., September 28 (#).—The Cheshire Bank & Trust Co. failed to open its doors today. R. G. Baldwin, deputy bank commis- sloner, said the action was taken be- cause of frozen assets and Iimpaired capital. The bank was incorporated in 1 with a capital of $25,000. Two coats old walls 7 : A drying miracle . . . . polymerization . . . . makes it possible to replace pictures a few hours after painting! Revolutionary . . . . new in principle . . . . this new type wall paint dries by internal atom-action, not by slow air drying like old type paint! Never before so little fuss in paint- ing walls . . . . such speed and ease and certainty of flawless results . such speed in putting rooms into use again. Over old paint, this new type wall paint alone offers marvelous oppor- tunity for beautiful results in one single coat! -~ Never before, N No long drying time between coats! If two coats are used, you still hang pictures the same day. 3 on new or old walls such remarkable protection against laps, spots and brushmarks! New too, in soft beauty of colors, perfect in light diffusion. Fifteen exquisite tones! Ask for Color Card. Velumina allhide Wall Paint Is different from all other wall paint in certainty (;f beautiful, flawless results and uniform, beautifud tones because of these Finished walls in ONE day, one or two coats — old or new walls! hiding; 1 coat over walls. Unsi distinctive qualities: e Easy to apply. old paint; 2 coats on new Washable! Easy washing re- places redecorating. Perfect light diffusion. Modern, soft, pleasing colors. e Tough, adherent, non-absorbent film., Completeprotection against spots. These dealers sell Velumina Wallhide and will recommend a competent painter to apply it: Cain Hardware Co. 2216 Fourth St. N.E. C. L. Osborn 5919 Goorgia Ave. N.W. H. Colman & Sons 151921 7th St. N.W. Hdwe. Co. 1841 st. N.W. Morris Hdwe. Co. 707 Seventh St. N.W. W. A. Pierce Co. 616 B. 1. Ave. N.E. L Stamier 5100 Conduit Rd, N.W. Cavanagh & Kendrick 2173 M St. N.W. Craven & Co. ' 1919 Pa. Ave. N.W. | Blue Ridge Hdwe. Co. Warrenton, Va. E. C. Gartner * Gaithersburs, Md. J. W. Cochran . Middleburs, Va. . W. Tyler 1212 King St.. Alexandria, Va. Clarendon Hdwe. Co. £ al.hli Boulevard, rendon, Va, * PITTSBURGH PLATE GLASS Co. "4th & Channing Streets N.E.—Washington, D. C.