Evening star. [volume], July 18, 1930, Page A-14, Image 14

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
A-14
BRUENING’S STAND
SEEN AID TO CREDIT
German Chancellor’s Dicta
torship Held Determination
to Balance Budget.
'*T BY JOHN F. SINCLAIR.
• When I wrote in this column three
weeks ago that a dictatorship in Ger
many was a near possibility. I was sur
prised at the number of usually well
' informed men who thought such a die
tato.ship was an absurdity.
But yesterday the dictatorship of
Chancellor Bruening became a reality
with the publication of a scries of tax
decrees to cover the national budget
deficit. The Reichstag, refusing to pass
the fiscal measures, was overruled.
The cry of unconstitutionality of the
act has been raised, but the quiet, aris
tocratic Bruening is unmoved.
The next step? Probably the Reichs
tag will decide to reconsider and pass
the measures which the chancellor has
asked. If so, the dictatorship vanishes.
Should this happen, the quiet-speaking
scholar, Bruening, almost unkm i in
Germany a year ago, will emerge as
the strong man of German public life,
next to their 81-year-old President
Von Hindenburg.
Germany is determined to balance its
budget and pay its way. It will mean
pullinß in its belt still further and sav
ing every mark it can.
Prom the finanical standpoint, a dic
tatorship might help. But from a po
litical standpoint it's always dangerous.
Money rates throughout the world
continue to sag. The National Bank
of Switzerland has reduced its discount
rate from 3 per cent to 2' 2 per cent.
The Imperial Bank of India last week
reduced its rate from 6 per cent to 5
per cent.
Austria, Hungary, Italy and Spain to
day are the highest rate countries —5' 2
per cent. Norway's rate is 4*2 P er cent.
Germany. Denmark and Ireland are on
the 4 per cent basis; Sweden is 3Vs per
cent; England, Holland, Belgium and
Switzerland are on a 3 per cent basis,
and Prance and the United States tNew
York) are at 2\ 2 per cent.
But what is worrying international
bankers is the way Prance is attracting
new' gold, which his coming Into the
market. Yesterday she took 655,000
pounds of the 755,000 pounds of the
South African gold, which was offered
In the London market, paying the rec
ord price of 85 shillings and 1% pence
(approximately $20.75) per fine ounce.
* The Bank of England also released to
the Bank of Prance 423.000 pounds.
The gold flow to Prance —already heavy
with the yellow mecal—continues. This
week the United States sent $4,000,000
to Prance on the Bremen.
France says nothing. In her dark
vaults she has accumulated 44,000.000
francs worth of gold—next to the United
States, the largest holder in the world
The United States and France to
*- gether possess more gold than has been
mined since the beginning of the World
War. Prance has hoarded up more
than has been produced in the last five
y *Down deep, it s causing plenty of dis
, eussion in the important counting rooms
of the world.
, The announcement that the 1929-30
Canadian wh eat pool would advance but
70 cents a bushel for wheat to its mem
bers for deliveries, based on Fort Wil
liam and No. 1 northern grade, against
$1 a bushel last year, has caused a wave
of pessimism to sweep over the great
Western Provinces of Manitoba, Sas
katchewan and Alberta.
This new price really means tnat
advance payments for wheat at the
little towns in Manitoba will be around
62 cents a bushel for top grade, and
57 cents for top grades f urtherwest
In Saskatchewan and Alberta —the low
est in 16 years. .
The wheat pool, which controls about
half of Canada’s output, continued to
advance $1 a bushel for last years
wheat up to June 25. Then it cut to
85 cents, where it remained until July
15 when 70 cents was announced as
the price for the 1930 crop.
The 70-cent figure has the support
of all the big Canadian banks, which
had been loaning a dollar before —se-
cured. in addition to the wheat, by the
guaranty of the three Western Prov
inces.
The Canadian wheat pool today has
approximately 100,000,000 bushels of
their last year’s crop on hand, with the
new crop estimated at 400.000,000 bush
els —almost ready to cut.
So the American Farm Board is not
likely to add to its troubles by adding
any new wheat to its 60,000,000 bushels
Already on hand, which is costings the
board $1,000,000 a month to carry.
Alexander Legge of the United States
Farm Board, wants it distinctly under
stood that neither he nor Secretary of
Agriculture Hyde have ever advised
farmers "to quit raising wheat.
“What we do advise farmers to do is
to raise a little less of It and ‘give the
consumers a chance to catch up with
the producert.’ ” .. • .. _
It is the Farm Boards contention
that it would be better for the farmer
to put 100 acres into wheat and re
ceive $1 a bushel, than to plant 160
acres of wheat and receive 60 cents.
Smaller acreage oftentimes means more
money to the farmer.
The Farm Board’s Advice to the West
ern wheat farmer apparently is this:
Stay on your farm, cultivate less
wheat, and make more money.
It will surprise many people to learn
that Florida has increased over 50 per
cent in population since 1920. Ten
years ago, her population was 968,470.
With two of her 67 counties still to be
heard from. Florida shows a population
«f 1,447,645.
Thousands of people, who lost their
entire fortunes in Florida four years
ago, left the State, busted and heart
sore. But other thousands remained to
work it out.
Since that time, banks have failed,
the Mediterranean fly has wrought un
told damage to the citrus country, and
two storms have swept the State, result
ing in a loss of hundreds of lives and
millions of dollars.
' But today Florida stands out as a
bargain counter. Property can be pur
chased there at a small fraction of what
It sold for in the boom 1925 days.
Florida remains the peer of the State
Winter resorts, only California seriously
competing. It has a marvelous climate,
fertile soil, plenty of rainfall, and abun
dant crops.
But It looks bad on paper. Already 42
municipalities have defaulted on their
bonds—perhaps $250,000,000 worth. A
bond committee Is busy now working
It out. This will take time.
The closing of the Bank of Bay Bis
eayne of Miami, one of the largest
banks in the State, a month ago. didn’t
help the situation.
But the 50 per cent gain In popula
tion over the last 10 years is remark
able (the census figures were taken five
years after the boom). Hundreds of
Florida citizens, pinched closer finan
cially than they have ever been before,
are standing pat. believing that Florida
will be as prosperous in the future as in
the past.
(Copyrlcht, 1930. by the North American
Newspaper Alliance.)
BANK CASHIER AT 84
STILL REMAINS ACTIVE
Robert S. Allen, now serving his sixty
first year in the service of tfle Peeks
ktll Savings Bank in Peekskill. N. Y.,
observed his eighty-fourth birthday
anniversary yesterday. He is in good
health and was on active duty in his
office.
■
The plant of the Minnesota Steel Co.,
a subsidiary of United States Steel Cor
poration, is operating practically at
capacity in all departments for me first
lit Id several years.
FINANCIAL.
I 1 NEW YORK STOCK EXCHANGE I
Riiitn- by Private Wfct Mari to Hm Mar OMa
i - - ————
(Continued From Page 13.)
—Prev.m*-. Slock and Sales— * Ttr -
HUh Low. Dividend Bate. Add M. Hish. Low. Close. Close.
244 14% Natl Dept Stores (2) 1* 15 15 15 154
39)4 244 Natl Distillers (2).. 2 3014 3014 3014 31
189'/* 125 Natl Lead'd) 2 135 134% 135 134%
143 1384 Natl Lead pf(A> (7). 80s 1404 140 140 140
119)4 116 Natl Lead pf(BMS). 60s 118 118 118 1184
58V* 32 Natl Pwr *Lt «»)... 260 45% 44V* 45*4 44*4
60 53 Natl steel (2) 13 6m 59 60 59
124*4 100*. Natl Supply <6> 3 110’* 110 1104* 1034*
116 113 Natl Supply pf (7).. 100 s 115 114 1,15 115
9844 66)4 Natl Surety (5) 7 7344 734 734* 714*
4144 24 Natl Tea Co (2) 14 30 28)4 29% 274
324* 16)4 Nevada Copper (1%) 91 174 164 / 17V* 16»*
1924* ISO** N Y Central (4) 25 170 168** 170 170)4
324 178)* NT A Harlem (6)... 80s 200 196 )97 200
32 17*4 N T invest (1.20)... 2 20)* 19%i204 194
128)4 97)* NYN H A Hart (6). 21 108*4 107)* 107% 108*4
135', 116 NYNH A H pf (7).. 6 120)4 11914 120- 120
1544 7)4 North Am Aviation.. 42 10>4 9% 104 104
132)4 87 4 North Am(blo%stk) 97 10044 994 100% 1004
105 100** North Am Ed pf 18).. 3 103** 103** 103** 103*,
97 66** Northern Paclfle 15). 2 774 774 774 78*4
4 )4 Norwalk Tire A Rub. 1 14 I** 14 14
21)4 9(4 Oil Well Supply 70 224 204 224 204
344 13)4 Oliver Farm Equip.. 19 20** 20 204 20
464 27 Ollv Fr Eq cv nt(3>. . 8 31 31 SI 314
56 36 Oppenhelm Col (3).. 2 37 37 37 38
80*4-55 Otla Elev. n<24>.... 21 664 654 66 4 654
384 25 OtlaSteel (24)..... 2 29 29 29 294
60)4 454 Owens 111 Glass (3).. 2 50 60 50 48**
74)4 624 Pacific Gat AEI (2). 45 604 584 694 594
107)4 72 Paciflo Lighting (I). 7 83*4 82*4 83*4 82
178 130 Paciflo Tel ATdl (7). 110 s 1414 138 138 1354
23*4 124 Packard Motor (1).. 66 154 15 15 154
644 514 Pan-Am Petrolm.... 1 594 594 59)4 59
67 4 604 Pan-Am Petm (8>... 15 694 69 594 59)4
124 44 Panhandle P A R.... 1 84 84 84 84
774 48*4 Param’nt Publix (4). 171 624 61)4 624 614
354 19 Park A Tllford <ss).. 8 20 19 .19 20
44 14 Park Utah 36 24 2 2 2
264 9 Parroeleo Trans 14.- 13 104 104 104 104
9 24 Path# Exchange 45 54 44 5 44
194 5 Pathe Exchange (A) 21 114 104 114 104
324 17 Patino Mines 2 174 174 1714 17)4
14 44 Peerless Motor Car.. 8 6 54 6 64
554 264 Penick A Ford t1)... 23 474 464 474 464
80 48 Penney IJ C) (8>.... 30 594 58 59 574
1004 934 TenneytJC) pf A(8). 2 100 100 100 100
12 64 Penn Dlxl* Cement.. 8 74 74 74 8
864 694 Penna R R (41 28 76V* 754 76 76
325 230 People's Gas. Chi (S) 18 271 2674 271 2674
244 104 Peoria & Eastern.... 1 10 10 10 104
274 184 Petrol Corp (14>...: 27 22 214 22 224
44 4 294 Phelpa Dodge 10 354 35 354 364
55 604 PhllaCo6% pf (1)... 2 544 544 544 54
264 114 Phlla ReadCAl.... 132 174 164 17 164
154 84 Philip Morris (1).... 2 114 114 114 11
444 294 Phillips Petrro (n 2). 68 34 334 34 344
86 80 Phoenix Hos pf (7)..100s 85 85 85 85
33 19 Pierce-Arrow (A)... 2 244 24 244 21
82 684 Pierce-Arrow pf (6). 3 764 76 764 76
24 1 Pierce Oil 7 14 14 14 14
62 204 Pierce Oil pf 5 35 32 32 314
74 24 Pierce Petroleum.... 17 5*4 54 54 5*4
37** 27 Plllsbury Flour (3).. 22 344 334 334 354
504 39*4 Pirelli. Italy (a3.14). 1 414 414 414 42
78Vi 45 Pittsburgh C0a1..... 1 46 46 46 45
304 26 PR Am Tob A (34). 6 26 25 26 27
27 4 9 P Rican Am To <B).. 13 114 It 114 114
64 35*4 Prairie Oil A GasU). 14 384 38 384 384
60 444 Prairie Pipe L (t().. 14 47** 474 474 474
16*4 64 Pressed Steel Car... 1 8 8 8 8
784 524 Proctor & Gambf 2.40 69 774 734 75*4 73*4
1234 814 Pub Serv.N J (3.40). 133 994 984 98*4 98**
984 914 PubServN Jpf (().. 12 95 944 95 944
89*4 62 Pullman Corp (4)... 6 69 69 69 69
84 14 Puma Alegre Sugar.. 2 14 I*4 I*4 14
274 194 Pure Oil (14) 12 22*4 224 224 224
884 52 Purity Bakeriea («). 5 63 63 63 63%
69% 324 Radio Corp ...2093 44 404 43% 414
85 68 Radio Corp (B) (6).. 3 75 744 75 734
60 19 Radlo-Kelth-Orpb A. 544 34*4 334 34 344
584 28 Raybeetos Man I.IO M 11 344 334 334 34%
57 47% Reading 2d pf (2).... 1 494 494' 494 49
644 34% Real Silk (5) 14 42 40% 42 41
464 23 Rem Rand (1.10).... 87 304 29 294 29%
144 84 Reo Motor Car (10c). 7 10 94 19 9**
94 6 Reo Motor ctfs (80c). 2 9% 9% 9% 94
794 374 Republic Steel (4) i.. 83 49 46 48 45%
954 86% Republic Steel pf (•) 1 87% 874 874 874
30 22 Revere Copper A Br. 2 19% 19 19% 22
34% 23 Reynolds Metis 2.40. 8 254 254 254 25
80 70 Reynolds Tob A (2). 60s 71 70% 71 72
58% 454 Reynolds Tob B (2). 23 504 50% 50% 60%
284 14% Richfield 011 (2)..... 104 184 17% 18 18
25% 15% Rio Grande 011 (2).. 4 18 17% 17% 18
59% 384 Ritter Dent Mfg (tS) 2 44 44 44 394
48% 27V* Rossis Incur (2.20).. 2 324 324 324 324
564 494 Royal Dutch(3.2l<s) 2 544 54 64 644
122% 704 Safeway (e5)....... 23 784 754 77 76%
994 94 Safeway pf ($) 20s 934 93 93 94
1094 105 Safeway Strs pf (7). 20s 107 107 107 1064
574 334 St Joseph Lead (tD.-j 8 41 394 394 404
1184 854 St L-San Fran ($)... 8 95% 96% 95% 934
76% 624 St L Southwestern..! 7 69 4 68 694 65
93 85 St L Soutwn pf (6).. 6 91) 894 90 90
100% 69% Seara Roebuck(J2%) 77 694 694 69% 684
23 7 Second Natl Inv 13 10% 10 10% 10
82% 584 Sec Natl lnv pf (5)..i 1 644 644 644 624
34 1% Seneca Copper 3 2 14 2 1%
134 64 ServeL 1nc.......... 34 8 4 8 4 8 4 84
27% 164 SharpADohme 12 20% 19 20% 184
62% 54 Sharp ADopf(3Vi ) .. 2 664 56 664 66
62 314 Shattuck(FG)(tl%) 21 384 38% 38% 38
264 18 Shell Union (1.40)... 5 19% 194 194 194
1064 95 Shell Un Oil pf (6%). 2 99 99 99 98
35 8% ShubertTheatres...» 6 19 174 174 18
944 21 Simmons Co 99 29% 284 284 29
37 18 Simms Petrm (l.*0). 10 234 23 234 234
32 20 Sinclair Con OU (2).. 256 254 24% 24% 254
1124 108 Sinclair OU pf (2).... 14 111 111 111 1104
42 284 Skelly 011 (2) -7 324 314 314 324
99% 894 Skelly Oil pf(6) 2 914 914 914 914
36% 15 Snider Packing pf... 1 23 23 224 224
118 954 Solvay Am pf(6)i).. 5 112 111 112 1104
30% 154 Sou Porto Sug (1.40). 1 164 164 164 164
72 52% Southern Cal Ed (2). 4 60 594 594 594
127 108 Southern Paciflo (S).L 11 119 1184 118% 119
136% 894 Southern Kwy (2)... 7 994 98 994 884
101 904 Southern Rwy pf ($) 2 94 94 94 93%
135% 87 Sou Ry MAO Ct (4). 4 98 98 98 99
37% 194 Spang-Chalfant 6 334 334 334 334
304 134 Sparks Wlthngtn(l). 168 234 21% 23 4 214
104 6 Spear A 70s 74 74 74 74
364 14% Spicer Mfg 2 194 19% 19% 184
52 104 Spiegel-May-Stern.. 13 18% 164 18% 17
Baltimore Markets
BALTIMORE, Md.. July 18.—Po
tatoes, white, 100 pounds, 2.00a2.25;
new, barrel, 2.00a2.50; beans, hamper,
50a 1.00; beets, 100, 1.00a2.00; cabbage,
hamper, 50a75; carrots, 100, 2.00a4.00;
celery, crate, 2.50a3.00; corn, dozen,
10a25, hamper. 60a90; lima beans,
bushel, 1.50a2.50: lettuce, crate, 50a
1,00; onions, bushel, 75a1.00; peppers,
hamper, 60a75; peas, bushel, 50a2.50;
spinach, bushel, l.OOal.lO; squash,
hamper, 15a25; tomatoes, hamper, 25a
1,50; apples, bushel, 1.25a3.00; black
berries, quart, 10al5; cantaloupes, crate,
1.00a3.00; cherries, pound, 5al0; or
■ anges. box, 3.75a9.00; peaches, crate,
i 2.50a3.50; pineapples, crate, 3.00a4.00;
watermelons, 100, 15.00a40.00
1 Poultry, alive —Chickens, Springs,
pound, 25a35: Leghorns, 18a25; ducks,
, 18a23; pigeons, pair, 15a25.
Eggs—Receipts, 706 cases; nearby
1 firsts. 22a22 1 i; southern firsts, 21.
Butter —Good to fancy creamery,
pound. 32a35; ladles, 24a25; rolls, 24a
25; process, 28a29; store packed, 18.
L _
Hay and .Grain.
Wheat—No. 2 red Winter, export
91%; No. 2 Winter, garlicky, spot, 87 *4;
July, 87Vi: August delivery, 88.
Com—No. 2 domestic, yellow, new,
94a95; cob corn. 4.25a4.50.
Rye—Nearby, 60a70.
Oats—White, No. 2, 47; No. 3, 46.
Hay—Receipts, none. The general
hay market continues quiet under light
receipts, mostly by truck, but ample for
the demand, which is limited. While
not enough hay is arriving on which
to establish values by grades on car
load lots, the better grade of timothy
and clover mixed are in fair demand at
a range of 20.00a25.00 per ton.
Live Stock Market 1
Cattle—Receipts. 700 head; light sup
ply. market extermely dull and Inactive.
Steers, good to choice, 8.00 to 8.50:
medium to good, 7.25 to 7.75; fair to
medium, 6.50 to 7.00; plain to fair,
5.75 to 6.25; common tc plain, 5.00 to
5.50.
Bulls—Good to choice, 6.25 to 6.50;
medium to good, 6.00 to 6.25: fair to
medium, 5.75 to 6.00, plain to fair, 5.25
to 5.50; common to plain, 4.50 to 5.00.
Cows—Good to plain, 5.75 to 6.00;
medium to good. 5.00 to 5.50; fair to
medium, 4.00 to 4.50; plain to fair, 3.25
to 3.75; common to plain, 2.50 to 3.00.
Heifers—Good to choice, 7.50 to 8.00;
medium to good. 6.50 to 7.00; fair to
medium, 6 00 to 6.50; plain to fair, 5.50
to 6.00; common to plain, 5.00 to 5.50.
Fresh cows and Springers, 40.00 to
80.00.
Sheep and lambs—Receipts, 700 head;
light supply, market lower. Sheep, 1.00
to 3.50: lambs. 5.50 to 10.25.
Hogs—Receipts, 800 head; light sup
ply, market higher. Lights, 10.50 to
10.75; heavies. 9.75 to 10.25; medium,
10.50 to 10.76, soughs, 7.00 to 1.75,
THE EVENING STAR, WASHINGTON. T>. C.. FRIDAY. JULY 18. 19311
P/ev.lO.t®-. Stock and Sale*— » Prev.
Blah. Law. Dividend Bate. Add on. Blah. Law. Cleee. Clave.
294 17 Stand Branoa (1 %).. 62 214 21 214 21
74 3% Stand Comm T0b.... 1 44 44 44 44
1294 844 Stand GA E (1%)... 70 964 93% 954 934
154 5 Stand Invest Corp... 7 74 7% 7% 7%
75 554 Stand Oof Cal (2 4). 18 634 63 63 634
1044 98 Stand OU Exp £f(6).. _ 6 1024 102 1024 102
49 29 Stand OU of Kan (2). I 354 354 354 36%
844 58 Stand Oil of N J(t2). 403 74% 734 744 74%
40% 30 Stand OU NY 0 60). 64 33% 824 133% 33%
47% 274 Surratt (LS) (ts 4) 3 34% 834 34% 334
204 9% Sterling Sec (A) 3 114 11% 114 11%
14% 11 Sterling Sec pf (1.20) 3 124 124 124 124
48 36 Sterling Seccv pf (2) 1 384 384 384 394
47 194 Stewart-Warner (1). 17 25 24% 25 244
113% 704 Stone A Webster (4). 61 85% 83 85 83%
474 254 Studebaker Corp (4). 30 34% 334 344 344
70 50 Sun 011(11) 2 59 4 59% 594 594
1054 1024 Sun Oil pf ($) 160a 1044 104 1044 1044
9% 5 Superior 0i1......... 1 54 54 '64 54
29% 124 Superior Steel 3 16% 15 16% 174
154 84 Sweets of Amer (1).. 8 114 114 114 114
17% 74 Symington (A) 2 94 94 94 10
264 15% Telautog’h C (t 1.35). 1 18% 18% 18% 184
604 504 Texas Corp (5)..... 31 63 4 534 53%, 534
67% 484 Tex Gulf Sulphur(4) 16 574 564 574 564
144 84 Texas PC A Oil 9 10% 94 94 104
32% 13% Texas Pac Land Tr.. 102 234 234 234 244
36% 17% Thatcher Mfg (1.60). 6 204 194 204 204
264 11 Thermoid Co 10 12% 124 124 124
39% 20 Thompson Pr0d(2.40) 5 264 264 254 25
184 9 Thompson Starrett.. 3 11% 114 11% H 4
17% 10% Tide Water As (60c). 20 144 144 144 144
89% 78 Tide Water As pf (6) 4 82% 82 82% 814
214 124 Timken DetAx(Boe>. 2 144 144 144 14%
894 654 Timken Roller ($)..» 12 664 65 65 65
64 2% Tobacco Products... 11 44 44 44 44
24 164 Transcontl Oil (SOc). 62 19 18% 18% 184
28% 114 Transue A W (1).... 4 144 14% 14% 144
204 9% Trl-Contl Corp 12 13% 134 13% 13%
138 83 Und-Ell-Flscher (6). 19 994 984 99 97
174 9% Union Bag & Paper.. 16 15 134 15 124
106% 604 Union Carbide (2.60) 82 744 72% 744 734
50 37 Union OU of Ca) ($2) 3 43 414 42 414
242% 200 Union Pacific (10>... 8 2224 221 2224 224%
384 254 Union T’k Car (1.60). 3 29 29 29 29%
99 434 Old Aircraft 404 6fi% 58% 594 59
68% 36 Utd Biscuit (1.60)... 9 50 49% 60 494
30 214 Utd Business Pub... 10a 22 22 22 22
84 404 Utd Carbon (2) 14*51% 504 51 614
84 64 Utd Cigar Stores.... 4 64 64 64 7
68 26 Utd Cigar Strs pf.... 4 64 63% 64 654
52 28% United Corp <50c)... 774 354 33% 34% 344
F 34 46% United Corp pf (3).. 13 49% 494 494 49%
68 50 Utd Dye wood pf (7). 10s 484 484 484 534
194 7 Utd Electric C0a1.... 8 8% 8 84 8%
105 83 Utd Fruit (4) 22 92% 91% 92% 91%
49% 314 Utd Gas A lmp(1.20). 74 374 36% 37 37
1024 97 Utd Gas A Imp pf (5)« 3 102 1014 102 101%
144 44 Utd Stores (A) 37 13% 124 134 124
48 154 Utd Store.’? pf 8 50% 48% 60% 48
20% 9% US Distributing... M 2 104 104 104 104
-4% 2 US Express 3 24 2 24 2%
324 16 USAForSecur..... 1 194 194 19V* 194
103 404 US Freight ($)...6 514 50% 504 50
139% 62 US Alcohol (t1)....' 27 80 77% 78% 79
154 74 US Leather t 3 10% 10% 10% 104
26 15 US Leather (A) 2 18 174 174 16%
384 184 U S Pipe A F ($)....! 174 354 334 344 334
754 48V* US Realty (6) 4 55% 544 544 55
35 20 US Rubber 93 26% 234 25V* 244
634 414 U S Rubber Ist pf.... 19 47% 46% 47 46%
364 174 U S Smltg A Ref (1). 18 204 18% 19% 18%
534 42 US Smelt Ref pf $4- 1 644 444 44 4 42
198% 151% US Steel (7) 541 167% 1644 1674 1654
146 141 U S Steel pf 5 145% 145 1454 145%
39 25 Unlv Leaf Tob (3)... 1 25 25 25 25
76 30 Unlv Pic Ist pf (»).. 10s 67 67 67 68
9 2% Unlv Pipe & Rad.... 5 54 5 64 44
45% 30 Util Pwr&Lt A
74 2% Vadasco Sales Corp.. 3 34 3 3 34
143V* 494 Vanadium Stl 04).. 1289 103% 1004 1014 1024
84 4 Va-Car Chem........ 10 4% 4% 4% 44
1054 100 VaEl A Pwr pf (6).. 10a 101 101 101 1024
156 60 Vulcan Del (4) 990 s 87% 84 87 87
100 85 Vulcan Detln pf (7).. 40s 984 97 4 984 97
67% 30 Wabash 69 40 37 t 39% 35%
894 70 Wabash pf (A) ($)..- 6 75% 74 74 734
31% 244 Waldorf SystmtlVi). 1 264 264 264 264
42% 214 Walworth Co (3).... 14 254 244 254 244
54 214 Ward Baking (A)... 20s 264 26 26 264
15% 44 Ward Baking (8).... 78% 8%. 8% 8%
804 384 Warner Bros Plo (4). 410 46% 44% 45% 45
704 364 War Bros Ppf (3.20) 5 49 48% 49 474
27 12% Warner-Qulnlan U). 9 14 13% 13% 144
63Vi 404 Warren Bros (3)...« 2 484 48% 48% 49
434 23V* Warren Fdy A P (3). 8 35 33 34V* 304
294 224 Wessoil A Snow (3). 2 244 244 244 24%
594 504 Wess OASn pf (4).. 2 564 66 66 554
1114 1054 West Penn El pf (7). 10a 1104 1104 1104 111
50 88% Western Dairy A (4). 1 41 41 41 40
244 114 Western Dairy (B).. 2 13% 134 13% 13%
36 18% Western Md... 47 26% 26% 25% 254
219% 150% Western Union (»).« 29 171 1674 171 1694
62 36% Westlnghaea B (3).- 2 394 39 894 394
2014 1244 Westlnghse EAM ((> 209 1494 144 148% 146%
484 29% Weston El Inetr (1). 19 38% 37 38% 374
21 7 WexUrk Radio Strs.« 13 13% 134 13% 124
43 274 White Motors (3)... 2 33 32% 33 33
644 364 White Rck MS(t4Vi), 1 46 46 46 46
134 5 White Sewing Mach.. 2 64 $4 64 64
11 6% WHlys-Overlsnd.... 46 76% 76%
86 62 Willys-Over pf (7).. 2 72% 72% 72% 73
7% 34 Wilson ACo 10 34 34 34 3%
13 74 Wilson ACo (A).... 2 9 9 9 84
72% 61% Woolworth (3.40).... $8 69% 68% 59% 68%
169 674 Worth Pump 67 143 139 1404 142%
784 674 Wrlglsy (Wm) (4).. 103 79% 774 774 784
77 414 Yale&Towne Mfg(4) 6 43 424 43 424
32% 12% Veltow Truck 375 284 26% 28 274
105 72 Yellow Truck pf 10s 90 90 90 90
16% 5% Zenith Radio 48 104 8% 10 84
RIGHTS EXPIRE
22% 16 Am Tel & Tel. Aug 1 342 19% 194 19% 19%
224 174 Ches & Ohio.. July 23 2i 22% 224 22% 22
iVk 4 Inter Salt July 21 133 1 % 1 %
Sales of Stocks on New York Exchsnro
10*S» # A.M 323.700 13:00 Noon 1 155,100
l!*0 1.858,700 3:10 P.M. 2.143 500
Dividend rates as riven in the above table are the annual cash
payment* based on the latest quarterly or half yearly declarations.
s Unit of trading leas than 100 shares. (Partly extra. {Plus 4,»
in stock. IPayable In scrip. IPlus 84 In stock, a Paid last rear—
i no regular rate, b Payable In stock, d Payable when earned. • Par
able in cash or stock, f Plus 104 In stock. cPlus •*> in st-ck.
h Plus 24 in stock, i Plus 84 In stock, k Plus 1% to stock, n Plus
i% In stock.
light pigs, 9.50 to 10.25; pigs, 10.00 to
10.50.
Calves—Receipts, 50 head: light sup
ply, market lower. Calves, 5.00 to 11.00.
- • ■
SUGAR MARKET.
NEW YORK, July 18 (/P).— Raw sugar
was quiet and steady early today. Buy- 1
ers appeared willing to pay 3.25 cents ;
for spots, duty paid, but offerings were
restricted, with a few parcels on offer
at 3.30. Bids of 3.28 were being so- ,
licited for Philippines and store sugars, .
with buyers apparently uninterested.
Raw futures opened 1 to 2 points
higher on a continuation of the cover
ing movement that developed late yes
terday. There were some overnight
buying orders, which carried the mar
ket up about a point. Part of the buy
ing was attributed to the steadier Lon
don cables, as well as the Improved tone
of the raw market. However, after
the early orders had been executed, buy
ing tapered off. with the market de
veloping a sagging tendency under scat
tered liquidation and some selling by
producing Interests. At around noon
the market was generally net un
changed.
In refined sugar there were light
withdrawals against 4.60-cent contracts.
No new business was reported, however,
and the price for fine granulated re
mained at 4.70, with no resale sugars
on offer.
——— •
CHICAGO LIVE STOCK MARKET
CHICAGO, July 18 f/P).—Hogs, 12,000
head. Including 4,000 direct; all trading
to shippers active 15a25 higher;
bulk desirable light weights. 9.80al0.00;
top, 10.00; little doing on other weights;
later bids around steady; light light,
good and choice, 140-160 pounds, 9.50a
9.90; light weight, 160-200 pounds, 9.75a
10.00; medium weight, 200-250 pounds,
).25a9.90; heavy weight, 250-350 pounds.
8.60a9.40; packing sows, medium and
good, 275-500 pounds. 7.25a8.20; slaugh
ter pigs, good and choice, 100-130
pounds, 8.75a9.50.
Cattle, 1,800 head; calves, 1,000;
trade very slow and uneven; steady to
25 lower on common and medium grassy
and short fed steers, and all fat she
stock, slaughter cattle and vealers;
steers, good and choice, 630-900 pounds,
9.25a11.00; 900-1100 pounds, 8.75all.00;
1,100-1,300 pounds, 8.75all.00; 1,300-
1.500 pounds, 8.50a 11.00; common and
medium, 600-1,300 pounds, 6.00a8.75;
heifers, good and choice, 550-850
pounds. 9.00all.00; common and
medium. 5.25a9.00; cows, good and
choice, 5.50a8.00; common and medium,
4.25a5.75: low cutter and cutter, 3.50a
' 4 25; bulls (yearlings excluded), good
and choice (beef), 6.75a8.00; cutter to
medium. 5.50a7.00: vealers (milk-fed),
i good and choice, 11.00a 11.25; medium,
. lOOOall.OO; cull and common. 6.00a
, 110.0*
Washington Produce
Butter —One-pound prints, 21V2*MV2;
tub, 36a37.
Eggs—Hennery, 24a26; current re
ceipts. 20a21.
Poultry, alive—Spring broilers, large,
33a35; medium, 28a30; small, 26a27;
Leghorns, large, 23a24; small, 20a22;
hens, large, 24; small, 21a22; roosters,
15a16. Dressed, shipped in, iced —
Spring broilers, large, 32a33; medium
and small. 26a27; fowls, large, 25a26;
small, 15a17; roosters, 16a17; Leghorn
fowls, 15al8.
Jobbers’ prices, home-dressed —Spring
broilers, large. 38a40; medium, 37a38;
small. 3s; Leghorns, large, 29a30; small,
25a26; fowls, large, 27a28; small. 25a
26; Leghorn fowls, 19a20; roosters, 15a
16.
Meats, fresh killed —Beef, 18a21; veal,
15al8; lambs, 25; pork loin, 25a28;
fresh hams, 25; fresh shoulders, 18a20;
smoked hams, 27; smoked shoulders, 20;
bacon. 27; lard, in packages, 13; in
bulk. 12.
Live stock—Calves, 11; lambs, 10.
Fruits—Watermelons, 30a75; canta
loupes, Ridgeway, N. C.. standards, 2.00
a3.00; honeyballs. 2.50a4.75; honeydews,
flats, 2.25a2.50; blackberries, cultivated,
5.00; currants. 8.00; pineapr"'S. 5.00;
peaches. 2.00a4.00; pears, Bartletts,
5.00; plums, 2.00a2.25; alligator pears,
4.50; oranges, 7.50a8.00; gooseberries,
per quart. 20; lemons, 5.00a6.00; cher
ries, per quart, 10al2 1 /2-
Vegetables—Potatoes, 3.50; sweet po
tatoes, 13.00; tomatoes, two-peck bas
kets, 75a1.25; cabbage, 75a1.00; string
beans, 1.50; cabbage, 1.00; spinach.
1.00; kale. 75a1.00; beets, per 100
bunches, 2.50a3.00; carrots, per 100
bunches, 2.50a3.00; lima beans, 2.00a
2.50; cucumbers, 1.00: peas, 3.00a3.&0;
peppers, 2.00; squash. 50a75; corn, five
dozen sacks, 1.25a1.50; okra, 1.00a1.25.
' ■ •
EARNINGS STATEMENTS.
NEW YORK, July 18 </P).— Granby
Consolidated Copper Mining Co. had
second quarter profit of. $418,099, equal
to 93 cents a share, against $688,386, or
$1.53 a share, in the first quarter and
$1,164,813 in the June 30 quarter last
year. The net cost of producing copper
in the second quarter was 9.95 cents a
pound, compared with 12.07 cents in
the first period.
Net income of Houston Oil of Texas
and Houston Pipe Line Co. in the June
quarter was $491,160 against $434,274
a year ago. Net for the first six months
totalled $1,014,417. or $2.89 a share com
pared with $779,422, or $2.04 a share.
Chesapeake Corporation ended the
first half year with net profit of $2,-
961,189 against $1,869,863 in the open
ing half of 1929. Second quarter
profit was $1,426,202 against $933,642.
Alleghany Corporation had net in
come of *2,277,268 in the six months
ended June 30. June quarter net was
$1,160,785 compared with $1,116,4*1 In
ithe March quarter.
HIGH MONEY RATES
FORCE BONDS DOWN
Prime Railroad Mortgages,
However, Advance in
Day’s Trading.
BT F. H. RICHARDSON.
NEW YORK. July 18 (C.P.A.).—Un
der the Influence of a slight stiffening
in time money rates United States Gov
ment bonds and a few other high-grade
issues sold off in bond trading today.
However, prime railroad mortgages were
still in demand and most of them made
fractional gains. There was a fair
sprinkling of advances throughout the
rest of the list as well. Volume was
low.
At the opening foreign dollar credits
were adversely affected by London
advices that the new Austrian 7 per
cent loan had dropped to a 2U per cent
discount there, but when Austrian bonds
here failed to reflect the overseas weak
ness the whole group picked up and
Anally gains outbalanced losses.
New capital issues for the day num
bered only one, the $5,750,000 Chicago
South Park commissioners’ 4 per cent
improvement bonds, priced to yield 3
to 4.25 per cent, according to maturity.
The wide spread between the short
term and long-term maturities illus
trates the sharp demand for short-term
issues, resulting from the tendency of
insurance companies and other invest
ing corporations to keep their reserves
in as liquid a condition as possible and
at the same time get a somewhat better
yield than that obtainable in the call
money market.
Liberty and Treasury offerings were
1/32 .to 10/32 lower, the wider declines
coming in the Treasury 4s, 4Us and
3Us.
Convertible bonds ranged a little
higher with the strength in certain
stocks. Those making initial gains were
Alleghany ss, New Haven 6s, American
I, G. Chemical 5 Us, American Inter
national 5 Us. Philadelphia & Reading
Coal & Iron 6s, Chicago Sc Northwest
ern 4Us, Southern Pacific 4Us, Ameri
can Telephone 4 Us, International Tele
phone 4U*. General Theaters Equip
ment 6s and Warner Brothers’ Pic
tures 6s.
Junior rails continued to be the most
active group apart from the legals.
St. Paul adjustments, St. Paul ss, Den
ver & Rio Grande Western ss, Mis
souri-Kansas-Texas “A” 5s and Wabash
4U* illustrated the trend with small
gains. Industrials were ragged. Cer
talneed 6 Us, Pathe 7s, National Dairy
Products 5 Vis, Dodge Brothers 6s,
United States Rubber 5s and Interbor
ough refunding 5s were off. Gains were
made by Chile Copper ss. Armour of
Delaware 5 Us, Goodyear ss, American
Sugar Refining 6s, Cuban-American
Sugar 8s and Skelly Oil 5 Us.
(Copyright, 1930.)
Washington Stock Exchange
SALES.
Washington Gas 6s A—sloo at 102
S2OO at 102.
Washington Rwy. St Elec. 4s—sl,ooo at
36 U.
Capital Traction Co.—lo at 60.
Norfolk & Washington Steamboat rts.—
0 at 16.
Potomac Electric 6% pfd.—2 at 111 U.
2 at 110*4.
Potomac Electric 5U% pfd.—s at 107 U.
2 at 107J/4.
Washington Rwy. Si Elec, pfd.—9 at 98,
10 at 98. 10 at 98, 10 at 98, 10 at 98.
National Mtge. Si Inv. pfd.—2oo at 5,
30 at 5.
AFTER CALL.
Capital Traction Co.—lo at 80.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
_ , Bid. Asked.
Amer. Tel. A Telgg. 4Us ’33.. 101
Amer. Tel. & Tel 4*is ’39 164
Am. Tel. A Tel. ctl. tr. 5s 105' a
Anscostla A Pot. R. R. Ss S 3
Anacostia A Pot. guar. 5s 94
C. A P. Tel. of V*. Sr 102
Capital Traction R. R. 5s 92 94
City A Suburban 5s 80 83
Georgetown Gas Ist 5s 101*4 104
Potomac Elec. cons. 50 102*« 103 Va
Potomac Elec. 6s 1953 107
Wash., Alex. A Mt. Vernon ctf. 6
Wash., Balt. A Annap. 5s 65
Washington Gas 5s 103 .....
Wash. Gas 6s, series A 102 103 ‘
Wash. Gas 6s. series B 105 106'/*
Wash. Rwy. A Elec. 4s 86'i 87
MISCELLANEOUS.
Barber A Ross. Inc.. 6Vis 89 90
Chevy Chase Club 5 Vis 100
D. C. Paper Mfg. 6s 50 75
W. M. Cold Storage 5s 95
Wash. Cons. Title 6s 90 100 ’
STOCKS.
PUBLIC UTILITY.
Amer. Tel. A Tel. (d»» 219'i
Capital Traction Co. (4) 59’s 60
Wash. Gas Lt. Co. (18) *llß 132
N. A W. Steamboat <dl2> 215 255
N. A W. Steamboat rts wi 16 16*2
Pot. Elec. Power S'* pfd llO 3 ', 112
Pot. Elec. Power 5%'”» pfd 107*,a 108
Wash. Rwy A El. com. (7) 550 . ...
Wash. Ry. A Elec, pfd (5) 98 99
Wash., Balto. A Annap. com... 5
Wash., Balto. A Annap. pfd.... 5
NATIONAL BANK.
Capital (14) 230 250
Columbia (12) 400 450
Commercial (stamped) (10) ... 225 235
District (8) 213 250
Federal-American (10) 275 300
Liberty (7S> 200 220
Lincoln (12) 400 435
Metropolitan (14) 340 380
Riggs (15) 475 525
Second (9e> 180 220
Washington (13)...., 245 280
TRUST COMPANY.
Amer Bec. A Trust Co. (15).,*. 375 415
Continental Trust (6) 120 140
Merchants’ Bank A Trust (6)... 125 150
Natl. Sav. A Trust (121 > 540 585
Prince Georges Bank Trust.. 34 40
Union TrusV (8g)...-. 245 275
Washington Loan A Trust (14). 465 510
SAVINGS BANK.
Bank of Bethesda (65) 59 65
Commerce A Savings < 10) 330
East Washington (12) 20 35
Potomac (10) 65 75
Security Bav A Com Bank (17) 471 500
Bevrnth Street (12) 315
United Btates (30) 530
Washington Mechanics' (20).... 50
• TIRE INSURANCE.
American (12) 315
Corcoran GO) 150 200
Firemen's <Bi 38*4 40
National Union (15) 22 26
TITLE INSURANCE.
Columbia (6h> B'i 12
Real Estate <6h) 155 175
Title A Inv. Co. Md. com 20 30
MISCELLANEOUS.
Barber A Ross. Inc., com 15 18
1 Chevy Chase Dairy pfd. (7) 103 109
i Col. Sand A Gravel pfd. (7).... 88% 94
D C. Paper Mfg. pfd 10
Dist. Natl. See. pfd. (7) 70 85
' Emer. Bromo-Selz. ”A" (1)...., 31 33
. Federal Storage pfd. (8) ....... 110 125
, Fed.-Am. Co. com. (1.201) 30!» 33
Fed.-Am. Co. pfd (6) 99 100
Lanston Monotype (8) 114• 2 118*4
Mer. Tr. A Stge. com. GO) 104 108
. Mer. Tr. A Stge. pfd. (7) 95% 98
, Mergenthaler Linotype (6) 96 98
Natl. Mtge. A Inv. pfd S 514
! Peoples Drug Stores pfd. '6U>.. 103 105
. Real Est MAG. pfd. (8) 6U 7
. Security Storage <4e) 113 117
Ter. Ref. A Wh Corp (3) 47 52
• The Carpel Corp (1.50) 22’i 24
l W. Mech. Mtge. com. <B> 9* a 10
Wash. Med. Bldg Corp 93
Woodward A Lothrop <7> 105 il2"
•Ex dividend. yS’x'r- extra.
■ B Books closed. a3'; extra.
n2sc evtra. h 4". extra.
f3oc extra. 'ls', extra.
51", extra. dEx rights.
elVjfi extra. wl—When issued.
r s2"t> extra.
Unlisted Department
BONDS.
, M . Bid. Asked.
Army A Navy Club 55... 92
• Cosmos Club 4V»s to
Commercial Club Ist 5s , 85
1 Metropolitan Club 4%s . 90
1 STOCKS.
. Anacostia Bank 325
5 Chapin Sacks 5
! Chapin Sacks 7% pfd 40
I Chapin Sacks B'i pfd 103 110
. Connecticut Pie Co 140
5 Chr. Heurich Brewery 20
■ District Title Ins. Co -36 44
Franklin National Bank 165
, Munsey Trust Co 155 162
- Northeast Savings Bank 20 35
• Park Savings Bank 70 90
. Raleigh Hotel Co ’... 50 60
„ Washington Savinas Bsnk 21 * a 22
r Washington Title In* Co 6
Washington Base Ball Club.* . 63
. Woodridge-Langdon Sav. Bank." 25
5 New bond offeriijjs this week totaled
I $85,700,000, compared with $146,710,000
lMt week and $48,091,000 a year a*p.
ON NEW YORK BONDS STOCK EXCHANGE |
Received by Private Wire Direct te The Star Office
UNITED STATES.
(Sale* are Id 11.000.>
Sales. High. Low. Close.
Lib S%s 98 100 28 100 28 100 28
Lib lat 4 *4a.. 7 102 3 102 102
Lib 4th 4Ua.. 28 102 30 102 25 102 25
USSUa’43.. 68 101 20 101 12 101 12
US3Ua*47.. 121 101 28 101 18 10118
US3\s 626 106 105 18 105 20
US 4s ’44.... 62 10814 1082 108 2
U S 4Us 62., 253 112 22 112 11 112 11
FOREIGN.
Sales. High. Low Close.
Argentine 8a Ju *69 7 9914 98% 98%
Argentina 6a Oct’6l 3 93% 98% 98%
Argentine 5Us 62.. 4 93 93 93
Argentine 6s A.... 19 99 98% 98*4
Argentine 6s 8.... 2 99 98% 99
Australia 4%5’66.. 6 79T* 79% 79%
Australia 6a ’67.... 25 89 88% 88%
Australia 5s *66.... 10 89% 89% 89%
Austria 7a 23 104 103% 104
Bank of Chile 6Ua. 8 93 93 93
Bank of Chile 6% a. 2 96% 96% 96%
Batavian Pet 4Us.. 12 94% 94% 94U
Belgium 6s 12 105 104 105
Belgium 7a’Ss 35 11S% ll: % 113%
Belgium 7a ’66 36 109% 109% 109%
Belgium Sa 27 110% 110 110%
Bolivia 7s ctfs *69.. 7 72 71*4 72
Bolivia 8s 3 88% 87% 87%
Bordeaux 6s 5 105% 105% 105%
Brazil 6%s *26 38 76% 75 75%
Brazil 6Us ’27 1 76% 75% 75%
Brazil 7s 5 90 89% 89%
Brazil 8s 11 100% 100% 100%
Bremen State 7a... 7 103% 103% 103%
Canada 6a'll l 100% 100% 100%
Canada 65'62 3 105% 104% 105%
Chile 6s *6O 36 91 90 91
Chile 7a‘43 5 102 102 102
Chinese Gov Ry 6a.. 1 23 23 23
Colombia 6a.Jan '6l 2 75% 76% 75%
Con Pwr Japan 7a.. 3 HiO 100 100
Copenhagen 4U a *6' 11 92% 92% 92%
Copenhagen 6s rets 7 99% 98% 98%
Cuba 6Ua l 101 101 101
Czecho 8s ’6l 1 110 110 110
Denmark 4Ua 9 93% 93% 93%
Denmark 6Ue’66.. 14 103 101% 101%
Denmark 6s 46 106% 105% 105%
Dutch East 16s ’B2. 2 102% 102% 102%
El Salvador 8a *4B. . 1 109% 109% 109%
Flat 7s ex war‘46.. 5 91% 91% 91%
Finland 7a 2 100 100 100
Framerlcan 7 Us... 1 107% 107% 107%
French 7a 131 118% 118% 118%
French 7Us 34 123% 123% 123%
Ger sUs’3o-*35 rets 105 89 88% 89
German Bank 6a 'I. 21 90% 90% 90%
German 7a , 29 106% 106% 106%
Ger Gen JSleo 7s. ... 1 103% 103% 103%
Greek 6a‘63 3 85% 85% 85%
Hungary 7Ua 87 100 99% 99%
Irish Free State 6a. 7 99% 99% 99%
Italy 7a 68 98% 98% 98%
Italian Pub Svo 7a.. 6 96 96 96
Japanese 4s 10 97% 97% 97%
Japanese 5%a'65.. 101 92% 92 92%
Japanese 6%s 35 106% 105 105%
Jugoslavia Bank 7s 3 1 85 85 85
Karatadt 6a ‘43.... 4 77% 77% 77%
KreugerAToll 6s ct. 39 96 95% 95%
Lyons 6s 19 105% 106% 105%
Marseille 6s 20 105% 10614 105%
Mex 4s 1904 asnd... 3 12 12 12
Milan 6Ua 20 91 91 91
New So Wales ‘67.. 1 83% 83% 83%
New So Wales 68... 16 83% 83 83
Norway 6s *63 6 99% 99% 99%
Norway tU* 16 102% 102 V, 102%
Norway 65’43 2 105 105 105
Norway 6a ‘44...... 5 105% 105% 105%
Norway 6Ua *62..« 3 103% 103 103
Orient Der 65’63... 29 97 97 97
Parls-Lyona-M 65.. 2 104% 104% 104%
Peru 6s *6O lo 71% 71 71
Peru 6a *6l 7 70% 70 70%
1 92% 92% 92%
Poland 7a (rets).... 54 84% 83% 84%
Poland 8s 95 94% 94%
Prague 7Ua „ 1 103% 103% 103%
Queensland 65..... 5 98 97% 98
Queenland 7s 2 105% 106% 105%
Rhlnelbe Un 7a 1 103% 103% 103%
Rhine Wat EP 65’62 3 90 89% 90
Rhine Weat6s *61.. 2 90 90 90
Rhine Wat EP 7s*6o 3 101 101 101
Rlo de Janeiro 6U.- 16 73% 72 73%
RioGr du Sul 6s'4S 13 66 66 66
RIoGr Du Sul 15... 3 95% 95% 95%
Rome 6Ua 40 91% 91V4 91%
R’y’l Dutch 4U«ww 25 89% 88% 89%
Sao Paulo Is*s•..., 1 102 102 102
Sao Paulo *SO 2 94 93% 94
Saxon (PW) 75.... 20 96% 96% 96%
Seine 7a *42 4 108V* 108% 108%
Serbs CrSlov 7a... 36 88 87 88
Serba-Crot-Slo ta.. 22 96% 96 96%
Shlneyetsu 6 Us'62 22 86% 80% 86%
Solsaona 6s 2 104% 104% 104%
SwesdenSUs 3 107 105% 105%
Swlaa 6Ua '46 10 105% 106% 105%
SwlaaConfed ta.... 6 107% 107% 107%
Toho El Pwr 6s *22. 7 99% 99% 99%
Toklo 5Us *6l 16 91% 91% 91%
Utd Klngm 6Us *l7 3 104% 104% 104%
Warsaw 7a*52..... 1 76 76 76
Yokohama 6a 1 97% 97% 97%
MISCELLANEOUS.
Abltlbl PAP 65’63.. 3 85% 85 85%
Alleghany Cp 6s *44 1 100% 100% 100%
Alleghany 6a*49... | 1 99% 99% 99%
Allis Chaim 55'27.. 2 101% 101% 101%
Am Agrl Chem 7Ua 6 103% 103% 103%
Am Beet Sugar 65.. 1 68 68 68
Am Chain 6s ’33.... 1 101% 101% 101%
Am For Pwr 6s 2030 30 87% 87% 87%
Am 1 GCh 6Ua’49.. 13 105 104% 105
Am IntCor 6%e'«» 14 97% 97% 97%
Am Metal 6Ua *34.. 14 97% 97% 97%
Am Smlt A R lat 6a 5 102 102% 101%
Am Sugar Ref 6s. .. 1 104 104 104
Am TAT cv4%s’39 34 166 164% 166
Am TAT 6a *65 19 106% 10S5 105%
Am T&Tel tr 65.... 13 105% 105% 105%
Am TAT as 6a 33 105% 105% 105%
Am TAT 6U■ 4 107% 107% 107%
Am Water Wks 65.. 1 101 101 101
Armour&Co 4%5’39 5 90% 90 90%
Armour. Del.SUs. .1 5 81% 81% 81%
Atl Gulf 6s *69 3 74 73% 74
Bush Term Bldg 6s; 4 102% 102% 102%
Certn-Td 6Ua rets. 22 54% 52 52
Chile Copper 6a.... 36 96% 96 96%
Col GAEI 6s.May'63 28 102% 102% 102%
Com Invest 6Ua‘49 6 94% 94% 94%
Com Invest 6a '43.. 2 99% 99% 99%
Con Coal. Md. 6a... 21 47 46% 47
ConGaaN Y 6Ua.. 21 106% 106% 106%
Cuban Am Sugar Sa 1 93% 93% 93%
Det Edison Is 2 106% 106% 106%
Dodge 6s 11 91% 91% 91%
Duquesne 4U5*67.. 4 101% 101% 101%
East Cuba Sug 7U* 3 55 66 55
Flak Rubber 5a.... 4 62 60 62
Gen Mot Ao Cor 6s. 43 102% 102 102%
Gen Pub Svo 6U«-. 1 100 100 100
Gen St Cast 6Ua*49 1 102 102 102
Gen Thea Eq 6s *4O. 5 96% 95% 94%
Goodrich 6%s 7 107 106% 106%
Goodyer 6s rets.... 17 93*% 93 93%
Humbls O & R 6s. 2 101% 101% 101%
Humble OAR 6%s 2 102 101% 102
Hi Bell Tel 6a 10 105% 105 105%
Inland Steel 4U *73 47 95 94% 94%
Inti Match 6a *47... 24 99% 99% 99%
Inti Paper 6a 1 88% 88% 88%
Inti Tel 4k Tel 4Us* 19 91 90 90V,
Inti TAT 4Uscv.. 36 112% 111% 112%
Inti TelATsl 6a *l6, 18 97V* 96% 97%
Kan City PA Lt is. 1 105 105 105
Kan G A E6a 63... 10 106% 106% 106%
Kendall s ua*4B ww 3 76 75 75
Lackawanna Stl 6a. 1 103% 103% 103%
Laclede Gas 6a.... 1 102 102 102
Laclede 6Ua *63.... 1 103% 103% 103%
Laclede 6%» D ’60.. 6 103% 103 103
Lautaro Nitrate 6s. 87 84% 84 84%
Liggett A Myers ?s 112 j 122 122
Lcew'e. Inc. 6s 2 118 118 118
Loew’s 6s w o war. 11 100 99% 100
Lorlllard 6s 2 88 88 88
LarlllsrdbUs 3 94% 94% 94%
McCrmck KR 65*34 11 10 * 101% 102
Midvale Steel 65... 3 101% 101% 101%
Montana Pwr *43... 6 103% 103% 103%
Montana Pwr db 6a 1 102% 102% 102%
MorriaACo lst4Us. 2 83% 83% 83%
Nat Dairy 6Ua.... 152 97% 97% 97%
N Y Edison 5a’44.. 21 105 104% 105
N Y Tel 4U« 6 101 101 101
NY Tel 6a *4l 1 107 107 107*
N Y Tel 6a *49 1 ill ill m
NO Am Ed 6Us’l3. 12 103% 103% 103%
Nor Ohio TrAL 6a.. 13 106 105 105
Nor Statas Pwr 6a. 1 106 106 106
Pacific Gas AEI 6a. 19 103% 102% 102%
PacT AT Ist 65... 3 103% 103% 10SV»
Pan Amer Pate ss.. 9 104% 104% 104%
Paramount 6a *47.. 17 101% 101% 101%
Paths Exchange 7s 27 66 64 66
Peoples Gas 65.... 1 103% 103% 103%
Phils Co 6s *67 1 100% 100% 100%
Phlla A Read 65*43.128 100% 99 100%
PhllUPa Pet 6U*.. 17 96% 95% 95%
Postal Tel ACIHi 9 93% 93% 93%
1 pressed Stl Car 6s. i 1 87 87 87
pub Serv G 4Us *7O. 23 100% 100% 100%
1 puraOU»tta'tT«Mi „g 09% 09% 99%
FINANCI AC,'
Bales. Htrh. Low Close.
Rem Rand tH* »ar 12 98% 97% 98'*
Richfield OH ta *44. 4 88 88 88
Sinclair OH «Ha... 62 102% 102 102*.
Sinclair Oil 7s 23 104 103% 104
Sinclair Cr<*de6%s 43 101’* 101% 101%
Sinclair PLIa 13 100% 100% 100",
Shelly Oil (Ha 8 95% 95% 95%
Solvay Amer 6a *4S. 3 98% 98% 98%
South Bell Tel 65.. 8 104% 104% 104%
Stand Oil. NJ *45... 17 104 103% 103%
Stand OIL N Y.4Ha. 39 99% 99% 99%
Tenn El Pwr 6s *47. 2 106* 106% 106%
TetCorpcw 6a'44.. 61 104% 104 104%
TVanscontl Oil 6%s 7 109% 109% 109%
United Drug Bs *ss. 6 98 97% 98
M S Rub lat rs 6a. .« 3 82% 82% 82%
US Rubber 7%5... 1 99% 99% 99%
Utah PwrALt 1a... 2 101% 101 101%
Utilities Pwr 6%5.. 81 90 88 90
Walworth 6%s ’ls. 1 100 100 100
Warn Bros Pts *4l. 49 100% 100% 100%
War Quin 15'39.... 1 81% 81% 81%
Westn Union 6%5.. 12 109% 109 109
White Sew Macn... 2 65 64 64
Wilson ACo Ist Is. 4 100 100 100
Youngstn S AT Is. . 23 102% 102% 10.%
RAILROAD.
Atchison ad] 45.... 13 91% 91% 91%
Atchison gen 45.... 4 96% 96% 96%
Atl Coast List 45.. 13 91% 94% 94%
Atl C L 4%s ‘14.... 1 100 100 100
BA O gold 4s 9 96 95% 96
B A0cv4%5*33... 5 100% 100% 100%
8A04%5’60 94 101% 101% 101%
BAO 6s 2000 (D) *. 12 104% 103% 103%
BA O Ist 6s rets..« 1 105% 105% 105%
BA O ref 6s *95 2 110 110 110
BAOSW 6s *60.... 12 104% 104% 104%
BangAAroos 4s *6l. 1 89% 89% 89%
Boston A Maine 6s. 25 100% 100% 100%
Boston AM Ss 1955 22 99% 99 99
Bklyn Kiev 6%5... 12 89% 89% 89%
Bklyn Manhat 15... 43 97% 97 97%
Bklyn Un El 6s'6o. i 103% 103% 103%
Buff R A Pitts 4 %s. 25 92% 92% 92%
Can Nat 4%s 64..» 6 97 96% 97
Can Nat 4%5’57... 1 96% 96% 96%
Can Nat 4%5‘61... 16 96% 96 96%
Can Nat 6s. July’l9. 1 103% 103% 103%
Can Nat 6a. Oct ‘ll« 9 103% 103% 103%
Can Nor 6%s 3 117V* 117% 117%
Canadian Pac db 4s. 41 88% 88% 88%
Can Pao 4%a '41... 1 99 99 99
Can Pacific ctfs 6a. * 7 103% 102% 103%
Can Pacific 5s '64. . 4 102% 102% 102%
Cent of Ga 6sC 69. . 30 100% 100% 100%
Cent of Ga 5%5.... 5 104% 104% 104%
Cent Pao Ist 6s *91., 2 103% 103% 103%
Ches Corp 65'47.... 15 100% 100% 100%
Ches AO gen 4%5.. 1 101 101 101
Ches A O 4%s *93 A. 1 98% 98% 98%
Ches A O 4%s B *96. 32 99 98% 98%
Chi & Alton 3% 5... 4 65% 65% 65%
C8AQ4%5*778.. 3 100 100 100
Chi A B 111 gn 6s 61. 14 69% 69% 69%
Chi Gr West 4s *69.. 14 71% 71 71%
Chi MASt P4s *l9 6 85% 85% 85%
Chi MiIAStP 4%s A 5 94% 94% 94%
ChIMiIStPAP 65*76. 62 88% 87% 87%
CM&StP Pac adj 6a. 23 56 55% 55%
Chi ANW gn 3%5.. 6 78% 78% 78%
Chl&KW4%s 2 100 99% 99%
Chi ANW 4%5’17. 101 105 105 105
Chi ANw 6%s 1 109 109 109
Chi RIA Pgn 4s. .. 9 92% 92% 92%
Chi RI A Prf 4a... 62 98% 98 98
Chi Rk lal 4%s A.. 3 96% 95% 95%
Chi Rlct4%slo.. 88 100% 100 100%
Chi Un Sta 4%5.... 7 100% 100% 100%
Chi Un Sta 6%5.... 5 115% 115% 115%
CA W Ind con 4a. .. 1 90 90 90
CAW Ind 6%s *63. 10 105 105 105
CCCAStL 4%a (E). 85 98% 98% 98%
CCCAStL 5s (D)... 2 104% 104% 104%
Clew Term 4%5*77. 11 100% 100 100%
Cuba RR 6s 27 75% 73% 75%
Cuba RR Is *36 etfa. 9 75 72% 75
Cuba R R 7%5..... 4 87 86% 86%
CubaNorS %5*42.. .. 8 55 54% 54%
DelA Hud ref 4s *4l 10 93% 93% 93%
Den A Rto Gen 4a.. 19 95 94% 94%
DenARGW 6a*66... 12 94% 93% 94V*
D R GAWst 6s *71.. 9 91% 91 91
Erleconv 4s (B)..» 1 84 85 86
Erie gen 4s 5 81% 81% 81%
Erie 6s. 1917 12 93% 92% 9 %
Erie 6s. 1976 4 93 92% 92%
Erie conv Ex 75.... 3 100% 100% 100%
Erie Genessee Rs Is 5 114 113 114
Fla East C6s *74... 2 45% 45% 45%
Fonda JAG 4%* *63 8 26% 26% 26%
Gr Trunk st deb Is. 11 106% 105% 105%
Gt Northern 65.... 1 100% 105% 105%
Gt Northern 6%5... 1 110% 110% 110%
Great Nor gen 75... 10 110% 110% 110%
Green BA W deb... 1 25 25 25
Hud A Man ref 65.. la 99% 99% 99%
111 Cent ref 4s 4 94 93% 93%
111 Cent 4s *62 2 92% 92% 92%
UlCent4%s’6f.... 4 101% 101 101
111 Cent 6%s 2 110% 110% 110%
111 Cent Chi 4%5.. . 13 98% 98% 98%
Int Rapid Trans 6s. 10 62% 62 62
Ran City Ft 8 45... 3 96% 96% 96%
Ran City Sou 65.... 5 100% 100% 100**
Kan City Tsrm 45.. 5 92% 92% 92%
Laka Shors 4s *31... 4 100% 100% 100%
Lehl Valcon 45.... 4 90% 90% 90%
Lehigh Val con 4%s 1 100% 100% 100%
LAN uni 4s 1 97 97 97
LA N 4%S 2003.... 37 99% 99% 99%
Manßy Ist 45*90... 4 47% 47 47
Mill El RyALls'll. 12 101% 101% 101%
M StFASSM con 4S. 15 89V* 89** 89**
MSt PASSM 6%5., 1 83% 83% 83%
MStPASSMis 3 92 92 91
M StPASSM 6%a. .* 30 100% 100 100
M RAT pr In 6s(A). 15 103V* 103% 103%
Mo Pacino gen 45.. 11 78% 78% 78%
Mo Paclflo 6s A *66. 1 101% 101% 101%
Mo Pae 6s F *77 ... . 64 101 100% 101
Mo Pso 6s G *71... . 7 100** 100% 100%
Nash ChatAStL 45.. 1 92 92 92
Nat Ry Mex 45*77.. 18% 8% 8%
N O Tax AM 6s 8.. 3 95 94% 95
Nor OreTAM 5%5.. 7 101% 101% 101%
N Y Cen gen 8%a.., 8 82% 82% 82%
N Y Cent 4s *91.... 1 92 92 92
N Y Cendeb4S....l 13 99% 99% 99%
N Y<C#n rs lm 4%5. 10 100% 100% 100%
N Y Cen ref 6s 4 107% 107% 107%
N YCAStL4s.... 6 98% 98% 98%
NY C A StLdeb 4s. 1 100% 100% . 100%
NYChIAStL 4%5’7l 29 97% 96% 97
NC C A StL 65*31.. 6 101% 101% 101%
NYC AS tL Is *l2. . 3 102% 102 %102%
NY NHAH 4%1*17. 2 94 93% 94
NYNHAHerdb «l 2 122% 122% 122%
NY Stats Ry 4%5.. 13 6 6 6
NY SusAWn 6s 17. 10 82% 82 82
NYW A B 4%5.... 2 88% 88% 88%
NorfASou gn 65*64. 3 58 57V* 58
Norf AWn con 45.. 1 95% 95% 95%
Nor Paclflo Is 2037. 7 66% 66% «6%
Nor Pacific 4a...... 18 93% 93% 93%
Nor Pacific Is (D) n 8 105% 105% 105%
Nor Paclflo raf Is. . 2 113% 113% 113%
Penna 4s *4B Sta.... 6 96 96 96
Penna 4%s 1970.'... 66 96% 96% 96%
Penna con 4 %5... .■ 3 101% 101% 101%
Penna gen 4%5.... 25 101% 100% 100%
Penna 4%s ’ll 15 101 101 101
Penna gen 15...... 1 109% 109*4 109**
Penna Is *14.. 46 104 V» 104 104%
Penns 6%s # 109% 109% 109%
Penns OADst 4%a., 2 98% 98% 98%
FereM4%a 1910... 2 98% 98% 98%
Reading gan 4% a. 3 99% 99% 99%
R1 ArkAL4%S... 2 99% 99% 99%
StLIMASIa... 5 100% 100% 100%
StL IMAS RAG 4a. 5 98% 98% 98%
StL ASF pi 4a A... 38 90% 90% 90%
StL AS F «%a 71. .. 63 93% 92% 93
StLASanF 5s B 7 102% 102% 102%
St LS w con 4a *33 2 99% 99% 99%
StL SW la *Bl 7 100% 100 100%
StP AKC ShL 4Ha. 3 98% 98% 98%
San AnAArn P 4a.. 4 94% 93% 93%
Seaboard AL ref «a 12 43% 43% 43%
Seabd ALadj ls’49. 1 49*. 49% 49%
3eaboard AL cn la. 14 5n% 60 60%
S B All Fla le ll A 1 42 42 42
Sou Pac ref 4a.... 43 94% 94% 94%
Sou Pae 4 Via rcta.. 29 97V* 97% 97%
Sou Pao 4%s’«» ww 21 100 99% 100
Sou Rwy gen 4a.. 6 90% 90% 90%
Sou Rwy con 1a.... 32 111 110% 111
Sou Rwy 1a’11.... 6 116% 116% 116%
Sou Rwy • 4 123% 123% 123%
Term Aaao SL 4a.. 2 90% 90% 90%
Tex Ark PS 6%s’So 6 106 105 105
Tex A Pae la C *7l. 3 102% 102% 102%
Tblrd At# ref 4a‘ll 1 46% 46% 46%
Third Are let 6a... 3 96% 96% 96%
Third AT#ad) 1a... 22 24 24 24
Tol StL A W 4f‘6o. 1 91% 91% 91%
Union Pac lat 4a.. 8 97% 97 97
Union Pao 4a 11... 13 91% 91% 91%
Un Pae lat raf 4a.. 2 92% 92% 92%
Union Pao 4%5.... 5 99% 99% 99%
Un Pae lat ref la.. 5 109% 109% 109%
Virginia Ry Ist Is. 2105** 105% 105*.
Vs Ry A Pwr 15... 9 101% 101% 101%
Wabash 4%5*78... 31 93 92% 93
Wabash 2d 15..... 6 102 102 102
Wabash is*7l B. ♦. g 4 100% 100% 100%
vvsFash 6%s *76.. . 1 104 104 104
Wsatarn Mi 4s 7 84% 84% 84%
West Md 6%a *77. .• 1 99% 99% 99%
arastPuttall—w .4 98% 98% 98%
EASTERN PRODUCE
PRICES ARE LOWER
Crop Conditions Generali]
Favorable, With Shipping
Seasons a Little Late.
Crop conditions continue general!
favorable in the Stales along the Nortl
Atlantic Coast, but there are ihcreasini
complaints of dry weather In the Soutl
and West. Market supplies In car lob
are ample in most lines, although ship
ping seasons continue a little later thai
in 1929. Prices, as a rule, are lowe
than a year ago.
Potato prices have shown some re
covery since the middle of the month
with more moderate shipments fron
important Eastern producing sections
Supplies are reported moderate in mos
Eastern markets, demand fair and prlci
trend slightly upward. Virginia East
ern Shore stock selling at 63 to $3.51
a barrel in the large markets show)
gain of 25 cents since the middle a
July, and the price ruled $2.75 in pro
ducing sections. Long Island and Nei
Jersey cobblers sell at $2 to $2.25 pa
100 pounds in New York. This stock I
likely to be marketed slowly as long a
prices continue so far below last sea
son’s Midsummer level. Prices showet
a slightly upward tendency in Midwest
ern markets and producing districts. 4
sale of old crop Maine Green Mountain!
was reported in Baltimore at $2.50 pa
100 pounds, probably one of the sea
son’s last sales of old stock.
The potato crop promises good yieli
so far, although some injury has beei
reported from drought this month. Pa
capita production would be about 3.!
bushels, according to July 1 report. Th'
potato season Is shaping up much 111 c
that of 1927. which was a time of mod
erate production and prices.
Prices Have Recovered.
, Eastern potato markets are doml
i nated this month by the Eastern Shon
i output, now supposed about two-thirq
i completed. Expectations were for I
i movement slightly below the 20,000 car
, loads shipped last season, but drj
weather during the first half of Julj
, may have affected conditions in son*
. districts. Prices have recovered »
i cents per barrel from the lowest of midi
The cucumber crop around Salisburj
Md.. was showing effect of dry weatha
i the second and third weeks of July am
shippers were expecting speedy end 0
i the local season under prevailing condl
i tions. Shipments contineud moderate!
heavy and prices nearly unchanged id
! stock of good quality. A large proper
tion of the output was below best mar
ket grade because of the continued ar,
, weather. Average returns to growef
were near $1 per bushel.
Midseason onion shipmens are in
creasing, with daily totals of 100 to 15|
| cars. Eastern markets report generall!
, moderate receipts and rather slow tradi
Boston received two or three carloads q
Spanish onions. Several Eastern ship
, ping sections are increasing onion ship
, ments gradually. Massachusetts b*
. been sending out about 25 cars daH
, since the middle of the month and Nei
Jersey shipments average about a dozei
i daily. Eastern Shore yellow onions -sa
i in city markets mostly at $1.25 a bush!
and New Jersey yellow stock at $1.25 to
1 1.50. New York yellow onions sell
* $2 to $2.50 per 100 pounds and whiti
1 varieties are $2 to $3. Massachusetl
onions, mostly Japanese sets, sold I
$2.40 to $2.50 in Boston and were rs
» ported at $1.90 to $2 in Connection
i Valley producing sections, with demanj
i light at shipping points and market dull
i Increased planting is general in th
main crop onion sections. Indiana leads
. with 9,650 acres, followed by New Yoii
, and Ohio. July crop conditions wei
generally favorable.
t Sweet Potatoes About Average.
> Condition of the sweet potato crop $
1 July suggests rather poor yield per acr|
but the increased planting this seas*
i would bring the production about 6
average of recent years. Early sales o
* Southern sw r eets were reported at It
1 per barrel in mid-July.
The heavy planting of field beans an
1 favorable growing conditions indicat
1 production possibly 20 per cent aheai
of last season and nearly one-third mon
i that the five-year average. The in
i creased production may be partly ollsi
i by reduced injports under new tariJ
rates, especially if prices are not hlgi
! enough to attract outside supplies.
Northern and Western tomato acreag
in 13 States shows increase of aboq
one-sixth above last season and one
fifth more than the five-year average
The gains are quite general, includin
1 increases of moderate extent in Net
1 York, Pennsylvania. Delaware, Ohi
* and Kentucky. Combined acreage o
the late crop is the largest since 1921
Shipments of midseason tomatoes haw
1 been increasing. Prices tended upwan
‘ slightly in Northern markets, but ship
» pers received scarcely more than one
half the price of a year ago. July con
i ditlon of the tomato crop showed con
siderable improvement over June fig
, ures and percentage was about tft
same as a year ago. but dry weatha
t since the reports were Issued has re
| duced the prospects in some districts.
The watermelon acreage in the lal
, shipping States increased 30 per cen
, compared with last year and total meloj
, acreage is largest on record. Shipment
, are still extremely heavy from Georgis
Prices in Northern markets are abou
SIOO a car low’er on some sizes compare!
, with last season. Condition of the croj
for July was about average and nearl;
the same as In June, but somewhat bet
ter than in July a year ago.
Apple Market Improving.
Early apples are in moderate suppl
and market quality is improving witl
the progress of the seamn. New Jersej
Williams sold at $2 a bushel in Boston
Midwestern Oldenburgs brought $2.50 1]
various markets, but general range a
Transparent and other early varietia
was $1.25 to $1.75 in Eastern market*
Although the commercial crop promise
to be nearly the same as in 1929, thi
indicated production in the North At
lantic region Is nearly one-third large
than that of a year ago and slightl;
more than average. The light crop o
Baldwins, the leading variety in Nei
York State, affects the prospects for th
late market. New Jersey and Penn
sylvania expect crops exceeding five
year average and New England promise
an output larger than last year or th
average, but the Southern and Mid
western crops are short. Prices alread;
range somewhat higher in the Middl
Western markets than in the East.
Although the peach crop is possibl:
equal to that of 1929. more than hal
the indicated production is in Call
fornia, which fact places good Easteri
peaches in favorable position. Nei
York has a better than average csop
likewise New England, but condition
are rather unpromising in New Jersej
Pennsylvania and the Middle West
Shipping season has advanced as fa
north as North Carolina. Hileys fron
that State brought tops of $5 in Nei
York City on six-basket crates in mid
July. Sales in producing sections range!
$2.50 to S 3.
About half the current supply of car
lot lettuce Is from New York State
S apply and demand is reported moden
ate in leading markets, with prlcq
slightly lower at a wide range of 21
cents to $1 per crate. Lettuce of fat
quality sold at 50 cents or more in mos
cities.
DUTCH VOTE TO LIMIT /
CURRENT RUBBER CROF
AMSTERDAM. * July 18 (4»).—Dutci
rubber producers, meeting here yester
day. adopted. 103 to 18. a proposal o:
the joint committee of British anc
Dutch producers to negotiate with th«
Dutch-Indlan government for restric
tion of all producers, including native
to 75 per cent of the 1929 crop. *
The decision is not final, as member!
have six days in which to withdraw
thalx jpate*.