Evening star. [volume], August 02, 1930, Page B-6, Image 18

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

Image provided by: Library of Congress, Washington, DC

                
B-6
CURB ISSUES DROP
IN QUIET MARKET
Slight Changes Noted in List,
With Trading Interest
Small.
JOHN A. CRONE.
■peels! Dispatch to The Star.
NEW YORK. August 2 Prices
drifted fractionally lower today In one
of the dullest Curb Exchange sessions
In more than two years.
Electric Bond & Share opened low
er, then fractionally Improved. Cities
Service maintained its lower price
trend. Standard Oil of Indiana braced.
Fennroad Corporation declined a small
fraction.
Mead-Johnson opened up % at 73'*.
Among the beverage Issues. Hires class
A was up about %. National Screen
Service, first of the amusements to
•ell, appeared at 31%, up 4.
Hartford Electric Light on a block
©f 25 shares appeared at 88, up C points.
American Gas & Electric, which in the
past week gained more than 20 points,
opened today at 1374, of 1%. Con
solidated Gas of Baltimore was steady.
Utility & Industrial Corporation
opened up fractionally. Infiull Utility
Investments, which was soft following
the announcement of rights, firmed
today. Prudential Investors advanced.
Eastern States Power B. reflecting
uncertainty over the rate situation in
New York State, dropped more than
4 points Thursday, but it opened up
24 points today.
Ford Motors. Ltd., which has been
steadily accumulated by a big motor
banking group for some months, con
tinued to be the leader in point of
volume in the motor list. Cord Manu
facturing was the only other motor
issue that showed any activity.
Buckeye Pipe Line moved slightly
lower in initial dealings. Over in the
Aviation division just two issues came
out in early trading. They were Niles
Bement Pond, unchanged at 29, and
National Aviation warrants, up % at 9.
One of the features of today’s dull
week-end session was the appearance of
many inactive Issues on the tape.
Quaker Oats, which has not been
printed on the tape since June 14. came
cut at 208. off 3 points. American
Stove, which has not sold since late
In June, appeared at 59 unchanged.
NEW YORK COTTON
NEW YORK, August 2 (Special).—
A further advance in cotton prices to
day brought about a recovery of half
A cent from low levels of the week, but
the market met sufficient contracts to
leave a net gain of about 5 points on
the day.
There was no relief in drought sec
tions and short covering continued a
feature of trading. The Weather Bu
reau predicted possible showers in
northern sections of the belt, as well as
in West Texas next week. Spots were
Advanced 5 points to 12.85.
Cotton range:
Open. High. Low Close.
October. Old 12 97 12 99 12 88 12.90
October, new 12 78 12.78 12 60 12 64
December, old ... 13.11 13 17 13 03 13 09
December, new ... 12 90 12 92 12 75 12 83
January, old 13 28 13 28 13 15 13.16
January, new .... 12 99 13 00 12.87 12 92
March 13 16 13.19 13 04 13.11
May 13.30 13.31 13.18 13.25
MEMPHIS NATURAL GAS
SIX MONTHS’ NET UP
Special Dispatch to The Btar.
MEMPHIS, Tenn., August 2.—The
Memphis Natural Gas Co., in its re
port to stockholders for the six months
period ended June 30, reflects a contin
uation of the substantial gain in busi
ness enjoyed by the company, the in
crease in net amounting to 107 per
cent over the corresponding ptriod of
1929. Gross revenues increased 81.5
per cent, while sales of natural gas in
creased 86 per cent.
Total gross revenues for the first six
months of the current year amounted
to $327,087, against $455,624 for the
lame period of last year. Net earnings
before interest, depreciation. Federal in
come tax, etc., are $463,384, compared
to $223,380 last year. Natural gas sales
are 4.448,178,400 cubic feet, as against
2,391,369,373 cubic feet last year.
BONDS ON THE CURB
MARKET.
DOMESTIC BONDS.
thousands. High. Lew. Close.
1 Alabama Pow 5s '6B 1034 1034 1034
3 Alabama Pw 44s '67 984 98 5 s 984
3 Aluminum Ltd 5s '4B 994 994 994
3Am Cmwlh Pw 6s '4O 924 924 924
4 Amer G & E 5s 28.. 99 98 4 99
4 Amer P A L 6s 2016.. 107 4 107 4 107 4
6 Amer Roll Mill 5s 48 98 4 98 4 984
5 Appalach Pow 5s '56 1004 1004 1004
2 Appalach Gas 6s 45 1054 105 105
fArkans P & L 5s '56 98 4 98 4 98 4
As Sim Hdw 64a 33 86 86 86
6As Tel Util 54s '44 C 964 96 4 964
3 Bell Tel Can 5s B '57 103 103 103
b Can Nat R E 7s E '35 1004 1004 1004
1 Carolina P & L 5s ’56 1024 1024 1024
4 Cent St Elec 54s ’54 77 4 77 4 774
2 Cent stat Elec 5s '4B 754 75 754
6 Chi Pn Tool 54s ’42 102 102 102
1 Ci* Sir Re 54s A ’49 804 86 ’,« 86>/«
$2 Cities Service 5s '66.. 100 4 100 100 4
%Clt Serv Gas 54s 42 82 4 82 4 82 4
2 Clt Ser Gas P 6s '43 92 4 92 4 92 4
1 Comwh Ed 4'.aa D ’57 99 99 99
$2 Cont G A E 5s A 58 90 4 90 904
1 Cudahy Pkg 54s ’37 . 97 4 97 4 974
7 Det Inter Urdu 7s 52 26 26 26
10 Florida P A L 5s '54 . 87 4 87 4 87 4
2 Gatineau Pow 5s '56. 95 95 95
1 Gatineau Pow 6s ’4l. 984 984 984
5 Gen Ldy 64s ’37 ww. 41 41 41
43 Georgia Power 5s '67.100 4 100 100
18 Gull Oil Pa 5s '37 103 102 4 103
12 Gulf St Util os A 56 98 974 9/4
15 Houst Gulf G6s A 43 95 4 95 4 954
1 Him PAL 54s B 54 102 102 102
19 Indnap PAL 5s A ’57. 99 4 99 4 99 4
2 Imana Util 6s '34 984 984 9f4
$1 Insult Utilit 6s B 40. 102 4 102 4 102 4
$1 Intercoli Pw 6s 97 97 *97
2 Intern Sec Am 5s '47. 81 804 804
llnves Co 5s A '47 xw 1034 1034 1034
1: lowa-Neb LAP 5s '57. 96 4 96 4 964
6 Kails G A E 44* 'BO 93 4 93 4 93 4
4 Koppers G A C 5s 47 100 4 100 4 100 4
1 Kopper GAC 54s ’SO. 103 4 103 4 103 4
2 Lehigh P S 6s A 2026 105 4 105 4 105 4
6 Libby McN A L 5s '42 95 95 95
6 Long Island Lt 6s ’45 1054 105 1054
BLa P A L 5s 57 97 97 97
14 Mid Wes Util 5S 5369 4 99 4 99 4
1 Mid West Util 5s ’35 . 98 4 98 4 98 4
3 Mid West Util 5s '34 . 99 4 98 4 98 4
1 Minn PAL 44s '7B 93 4 93 4 934
5 Mo Pac R R 5s 80 Wl 1004 1004 1004 !
2 Narragansett 5s 57.. 1014 1014 1014
1 Nat P A L 6s A 2026. 106 106 106
19 Nat P A L 5s B 92 914 92
3 Nat P S 5s 78 76 4 76 4 76 4
14 New Eng GAE 47 ~ 914 904 914
14 N Y P A L 44s '67 . 95 4 95 4 954
2 Nor Ind P S 5s C 68 1024 1024 1024
1 Nor Tex Ut 7s 35 ww 1114 1114 1114
2 North* Power 6s 60 99 99 99
1 Ohio Pow 44s D '56. 954 954 954
1 Pac GAE 44* E 57 964 964 9C4
12 Penn O Ed 6s 'SO xw 1034 1024 1024
3 Penn P A L 5s D 53 103 4 103 4 103 4
3 Peop LAP 5s '79 ww 99 98 98
1 Phlla Elec 54s ’72.. 106 106 106
1 Pitts Coal Co 6s '4O . 99 4 99 4 99 4
3 Potomac Ed 5s E '56 100 100 100
1 Pug S P A L 54s '49 10* 4 102 4 102 4
3 Pug S PAL 54s C '49 97 4 97 4 974
1 San Ant P S 5s B ’SB 98 98 98
9 Srr.pps 54s 43 *l4 9174 917.
19 SE PAL 6s A 2025 xw 107 1064 1084
1 South Calif Ed 5s 'sl 3034 10374 1034
5 South L A P 5s A '57 95 4 95 4 954
1 Southw Nat G 6s ’44 954 954 964
1 Staley Mlg 6s ’42 984 98 4 984
1 Standard PAL 6s ’57 1004 1004 1004
1 Sun OH 54s 39 1014 1014 1014
2 Swift Co 5s 32 1004 1004 1004
5 Texas Gas Ut 6s '45 95 944 95
12 Texas P A L 5s 56.. 994 99 994
3 Tri Util 5s ’79 85 4 85 4 854
5 Uni Lt A Ry 54s '52 92 914 914
•US Rib. 6s 32 964 96 4 964
5 Union Gu 5s ’50.... 904 904 90V.
1U S Rub 64s ’33.... 96 4 96 4 964
2 U S Rub 64s 33.... 92 4 92 4 92 4
1U S Rub 64s 39 ... 9* 92 92
1U S Rub 64s ’4O ... 934 93 4 93 4
8 Wabash 5s D 580 101 1004 101
4 Wash W A Pow 5s ’6O 103 4 103 4 103 4
2 Wes Tex Ut 5s A ’75 924 92 4 92 4
FOREIGN BONDS
1 Buenos Aires 64s 61 8674 864 864
16Buen Air Pr 74s ’47. 994 994 934
1 Com Pr Bk 54s ’37.. 89 4 89 4 894
5 Danish Con 54s ’55.. 100 99 4 994
2 Europ El CP 64s xw. 794 79 4 794
lFinld Ind Bk 7s ’44. 1004 1004 1004
3 Ger Cons Mun 6s ’47 87 87 87
1 Ger Con Mun 7s '47. 967a 967* 96’/*
2 Hanover City 7s ’39.. 87 87 87
1 Helsingfors 64* 60.. 964 964 964
1 Hun It B 74s AC 63 88 88 88
5 Isotta Eras 7s ’42 xw. 884 884 88V*
1 Ital Sup Pow 6s 63.. 69V* 69 4 694
6 Maranhao Braz 7s ’SB 71 70 4 71
1 Parana Brazil 7s ’SB. 70 70 70
1 Prussia F S6s ‘52.... 88 4 88 4 887a
2 Rio de Jan 6'gs ’59 . 67 67 67
4 Ruhr G Co 64s A ’53 67 87 87
1 Santa Fe Ar* 7s '45. 87 87 87
4 Sydney NSW 54s '55 . 884 88 4 884
5 Unit Indust 64s '4l. 904 807* *o7a
ww—With warrants,
xw- Without warrant*,
a—New.
wi—When issued.
FINANCIAL
NEW YORK CURB MARKET Snyrja
’ Notice—All atocka era ao<4 la one hundred-altar* lota
excepting those designated by th* letter s (655) (285)
which shows those stocks to be sold tn odd lots only.
•r-PreT.l9)tn.-, Stock and Sale*—
Rich. Low. Dividend Rat*. Add 00. Open. High. Low. Cloie.
24 114 Air Inv, Inc. cv pf.-.. 1 13 13 13 13
64 8H Alleghany Corp war. 1 4H 44 4H 4H
134 6 Am Capital pf (8)i... 3 74 74 74 74
49 854 Am Clt FAL(A)<aI) 2 884 39 384 39
284 124 AmCP*UB)(H%) 2 164 164 164 164
284 2175 Am Com IMA) blo%, « 224 224 224 224
37 174 Am Cynam B (1.60).; 7 214 214 214 214
6 3 Am Dept Store* 1 4 4 4 4
7674 88H Am For Pwr(wnr).., l 60 F.O 60 50
157 104 Am Gaa A Eleo <!1). 8 1374 1384 1374 13874
164 74 Am Invest. Ino (B).. 1 84 84 84 84
j 894 524 Am Lt ATrac <IH).. 2 61 614 61 614
Si 404 294 Am Maize Prod (2).. 2 344 344 344 844
■ 47* 14 Am Marleabo 8 24 24 24 24
3 894 204 Am Superpwr C1)... 18 '23 234 23 23
154 74 Am U&Gen B vto 400 26 8 4 8 4 8 4 84
144 84 Appalachian Gaa.... 14 94 94 94 94
1 14 1 Argo Oil 1 14 14 14 14
i 164 84 Ark Nat Gas (A) 6 94 94 9’* 94
464 304 Asso GAE A(a + 2.49) 8 82 824 314 32
1 114 64 Asso G&E (A) db rte 1 64 64 64 64
174 94 Auto Vot Ma cv pf pt 4 12 13 12 13
74 274 Bahia Corp 1 64 64 64 64
S 164 64 Blue Ridge Cp (40e). 3 94 94 9 94
l 444 834 Blue Rldgoev pfieS) 6 404 404 40 404
i £54 864 Brazil Trac A Lt(h2) 2 87 37 37 37
69 654 Buckeye P L (4)...., l 664 664 654 654
1 264 244 Buff.NAEP pf (1.60). 1 264 264 267* 264
84 24 Burma Corp (tile).. 1 24 24 24 24
64 3 Bwana M Kubwa.... 4 34 84 34 87*
2 4 CableAWlre (B) rets 2 4 4 4 4
94 37s Canada Marconi.... 8 44 47* 44 44
S 3 264 Carnation Co (jl %) „ 1 81 Si 81 81
424 28 Cent P S (A) ia1.76) 6 284 284 284 284
394 19 Cent States El(k4oc) 6 234 284 23 234
25 174 Chat Ph A1 nv (60c), 6 194 194 19 194
264 177* ChemN&t Also n-v. 13 244 244 244 244
44'« 244 Cities Service(g3oc) 47 284 284 284 284
64 8 Club Alumn Utensils 2 84 34 84 34
64 34 Com’wlth & Sou war. 4 84 37* 34 87*
194 114 Comm Wat Serv bs% 1 13% 13?$ 1374 134
1 14 4 Consol Auto Merch.. 1 4 7* 4 4
5 14 Consol Au Mer cu pf. 1 27* 27* 24 24
i 87* 34 Cousol Copper 1 44 44 414 414
• 1367* 904 Con Gas. Balto(3.60) l 115 115 115 115
177* 6 Cord Corp 2 74 8 74 8
204 94 Corroon A Reynolds. 1 114 114 j j vt, 117*
744 32 Cosden Oil 3 444 414 444 444
87* 274 De Forest Radio.... 1 34 84 34 84
11 44 Derby Oil Refining.. 17 77 7
94 47* Detroit Aircraft. ... 5 6 6 44 6
23 84 Doehler Die Casting. 2 12 124 12 12
444 814 Dresser (S R) B (2). l 37 37 $7 37
209 140 Duke Power (Jt5)... 226 s 167 174 167 174
17 84 Duqueene Gas Cp w.l 6 94 94 94 94
44 18** Eastn Sta Pwr B(l). 1 30 30 30 80
23 9 Etsler EelectrlcllT*) 1 94 94 94
1177* 704 El Bond ASh (b 6).. lit 81 814 fOH 814
1097* 1034 El Bond ASh pf (6). 5 106*4 1064 1064 1064
954 924 El BondASha cu pf(6 2 944 944 944 944
394 19 Elec Pwr Asso 11).. 4 2*. 234 234 237*
107 9974 El PAL 2d pf< A)(7). 1 1044 1044 104 H 104 H
327* 164 Elec Shareholdg(tl) 1 204 204 204 204
164 12 Empire Fire 1n5....» 8 12 1214 12 124
A A Falcon Lead s A A A A
194 104 Ford Mor.Ltd. S7V*o. 11 184 184 184 184
174 .24 Fox Theater Cl (A). 1 94 94 94 94
4H 24 General Baking 10 24 24 24 24
14 104 Gen E. Ltd rcte(EOc) 1 114 114 114 114
164 9 Glob-» Underwriters. 1 1074 104 104 104
7 24 Golden Center 2 34 34 31* 84
6 17* Gold Seal Elec new.. 1 24 24 24 24
464 177* Goldman Sadh T C... 61 174 174 17 17
984 90 Grief ABr pfX (7).. 1 984 984 984 984
1667* 1174 Gulf Oil of Pal IV* > • 1 1244 1244 1244 1244
34 24 Handley Pag pf tlso 1 ?% 24 24 2%
194 1914 Harblshaw il) 3 20 20 20 20
884 82 Hartford El Lt(2 s*) 26s 88 88 88 88
14 84 Hecla Mining <1)... 1 9 9 9 9
327* 244 Hires (C E) (A)(2).. 6 80 314 f 0 Sl4
80 184 Imp Oil. Can. niSOe). 1 204 204 204 TO4
474 264 Ind Terr lllu Oil «A) 1 31 32 82 32
71 f 34 Insull Util Inv tb9% 4 617* 6174 614 614
28 154 Insurance Sect 1 40). 2 16 16 16 16
14 4 Intercontinent Pet n 4 4 4 4 4
144 74 Interstate Equities.. 2 74 74 74 74
24 174 Inti Petroleum 11).. 6 194 194 194 194
Wall Street Briefs
By the Associated Press.
Production of commercial aircraft in
the United States during the first six
months of this year approximated 38
per cent of production for the corre
sponding period last year, which was a
peak year In the industry, the Aeronau
tical Chamber of Commerce of Ameirca
reports. Military production for the
first half of this year was approximately
60 per cent of that for the like period
Os 1929.
Pathe Exchange, Inc., has exercised
its option to purchase for $500,000 49
per cent of tne Du Pont-Pathe Film
Manufacturing Co.
Montgomery Ward 8c Co. reported
July sales totaling $18,668,623, a de
crease of $1,139,720 from sales for the
corresponding month last year. Sales
for the seven months ended July 31
totaled $148,853,726, an increase of
$6,237,843.
Walter P. Chrysler, president and
chairman of the board of the Chrysler
Corporation, said the automobile busi
ness is turning for the better and ex
pressed the belief that business gener
ally is on the upgrade.
The Kinner Airplane & Motor Co. of
bered 55,857, those who hold preferred i
first six months this year totaling 202 !
motors, compared with 408 in the first
half last year. Unfilled orders June 30
were 770 motors, against 921 June 30,
1929. Officials said orders on hand will
insure operation of the plant throughout
the Winter.
Middle West Utilities 00. today an
nounced that the number of its stock
holders had Increased from 64,188 it
the beginning of 1930 to 75,796. Those
who owned common stock only num
bered 55.857 those who hold preferred
only, numbered 2,349 and holders of
both preferred and common totaled !
17,590.
UndeV a plan devised to alleviate un
employment, the Goodyear Tire & Rub
ber Co. is giving employment seven
weeks out of eight to all employes on
Its pay roll six months prior to June 1
last. Officials estimate that the ar
rangement has eliminated the necessity
of removing 2,000 workers.
The National Bellas Hess Co. reported
July gross cash receipts of $2,412,454,
a decrease of 26.2 per cent from $3,271,-
105 for the like month last year, and for
the seven months ended July 31, $20,-
692,899, a decrease of 27.7 from $28,-
638,770. The statement explained that
as receipts this year included figures for
units not operated in the early months
of 1929, the actual comparative decrease
for the period was 34.48 per cent.
YIELDS OF FIELD CROPS
INCREASE IN CALIFORNIA
By the Associated Press.
SACRAMENTO Calif., August 2
Estimates of California’s field crops for
1930 show an increase over 1929, with
the exception of hay, rice and alfalfa.
Barley and wheat head th - list of in
creased crops. The barley yield is esti
mated at 29,854,000 bushels and wheat
at 13.566,000.
Other yields forecast by the California
Agricultural Department include beans,
5,553,000 bushels; rice, 5,940,000 bush
els; hay. 5.130,000 tons; potatoes,-6,320,-
000 bushels; oats, 4,928,000 bushels; al
falfa, 4,040,000 tons; corn, 2,795,000
bushels, and sweet potatoes, 1,244,000
bushels.
■ ■
REPORTS HIGHER NET.
The West Virginia Watei Service Co.,
a subsidiary of Federal Water Service
Corporation, reports gross revenues of
6830,563 for the year ended June 30,
1930, as compared with $791,054 for the
preceding 12 months. Operating ex
penses. maintenance and taxes, other
than Federal income tax, totaled $444,-
) 611, as against $422,093. Grots income
amounted to $385,952, which compares
with 8368,961 for the year ended June
' 30, 1929.
)
Steamer Safely Beached.
LONDON, August 2 (A s ).—The 4,928,-
ton British India steamship Nerbudda,
| badly damaged in collision with the
Spanish ahip Legazpi 100 miles east of
Gibraltar, yesterday was reported safely
beached at Pfcrro Castle.
Q-HE EVENING STAR. WASHINGTON. D. CU SATURDAY, AUGUST 2, 1930,
-PrevJSSS.—, Sleek and . tale*—
Hich. Lew. Dividend Rate. Add M. Open. Kith. tew. C!e«e.
4H 14 Leonard Oil 1 I*4 14 14 14
29 18H Lion OH Refln (2)... 1 20 20 20 20
1774 264 Mangel Strspf(dH). 50a 88 68 68 68
87* 1 Mavis Bottling 7 14 14 14 14
747* 664 Mead Johnsbn t*.T6.„ 8 784 734 784 734
224 104 Memphis Nat Oas... 4 134 134 134 134
16% 84 Met A Min. Inc(1.20) 1 IS 13 IS 13
244 164 Mid Roylty«Vpf(2). 2 21 224 21 224
294 22 Midland Unit (bs%). 1 26 26 26 26
334 254 Miller A Sons (J).... 1 264 264 264 264
1084 104 Moh HP Ist pf *7).. 100a 1064 107 1064 107
124 64 Natl Amer Co 2 6 64 6 64
214 84 Natl Aviation 1 94 94 94 974
108 104 Natl Da Pr pf A (7).. 1 106 106 106 106
80 11 Natl Investors 1 134 134 184 134
324 16% Natl Screen Svc 12).. 1 314 314 314 814
15 1? Nat Sh Tm Sea (f6oc) 2 144 144 144 147*
1417* 79 Newmont Min (ft).. 2 87 87 87 87
244 164 Niag.-H. Power <4oe) 7 164 164 164 164
64 4 Niag.-H. Pwr A war. 1 44 44 44 44
457* 25% Nlles-Bem-P (t 2 7*).. 2 29 29 59 29
24 14 NorASou Am Corp A. 2 16 16 16 16
44 24 Noth Euro Oil Corp.. 8 24 24 24 24
344 824 Ohio Oil new wi 182 H 324 82H 32%
108 103 Ohio Oil pf new <s).. 2 105 105 105 105
184 7 Outbd Mot(A) (1.80). 1 74 74 74 74
394 234 Pae Pub Svo (1.80).. 2 264 264 264 264
27* 7* Pandem 0i1........ 2 4 4 4 %
164 104 Pennroad Corp (20c) 61 114 117* 114 114
184 84 Poly met Mfg (t1)... 2 84 84 84 87*
14 H Premier Gold (24c).. 11111
154 84 Prince A WTiite(2sc) 1 10 10 10 10
23 124 Prudential Invest... 2 154 154 154 164
274 15 Pub Util Hold w W. . .18 194 194 194 194
99 9*4 Pure Oil pf (I) 10a 934 934 934 934
218 205 Quaker Oats (*)...10a 20R 208 208 208 »
45 20 Quincy Mining 8 15 157* 15 154
144 6 Rainbow Lu Prod A. 13 104 104 10 107*
74 24 Rainbow Lu Prod 8.. 7 44 5 *4 5
54 24 Reiter-Foster 1 34 37* 84 34
16 144 SaxetCo 1 164 16ifc 164 164
124 5% Selected Industries. 3 64 64 64 64
20 84 Shenandoah Corp.... 1 114 114 114 114
484 83 Shenan Corn pf (at). 4 42 42 414 414
660 450 Singer Mfg (tl7) 20* 450 450 450 450
24 14 So Am Gold* Plat.. 2 1111
204 13 So Pip# Line (t2>... 1 18 18 18 18
204 74 8 W Gas Utilities... 1 124 124 124 124
84 4 Standard Motors.... 11 14 14 14 14
597* 474 Stand Oil. Ind (2H). 3 504 504 604 504
404 304 Stand Oil. KY(*l.so) 2 314 32 314 32
1084 77 Stand Oil. Oh1o(2**). 50a 794 794 794 794
122 1154 St Oil. Ohlopf (7)... 20s 1174 1174 1174 1174
227* 97* Strauss Roth 4 174 174 174 174
51 39 Sun Inv pf (8) 1 3974 394 894 - 394
384 30 Swift Internatl(SH) 2 844 344 344 344
154 44 Texon Oil A Ld(2se). 2 14 14 14 14
9 4 Tri-Cont Corp (war) 1 54 54 64 64
587* 36 Trl Utilities! t 1.20).. 1 454 454 454 454
36i* 21H Ungerlelder F Corp.. 1 24'* 244 244 244
307* 127* United Corp (war).. 2 174 174 174 174
44 * 15>* Unit Found (b2-S5 sh 16 174 174 174 174
284 12 United Gas Co (new) 15 144 144 144 144
114 5 United Gaa (war)... 2 64 64 64 64
99 914 United Gas pf (7)... 2 954 954 954 954
56 274 UtdLtAPwr A(l).. 12 404 414 404 414
1194 974 Utd Lt A Pwr pf(6).» 4 1097* 109'* 1097* 109'*
224 104 U S Elec Pwr ww.... 17 134 134 13 134
30 104 US Finishing 2 11 11 11 11
204 11 US Lines pf <1) 4 124 124 12 124
23 137* US A Overseas war. 8 174 174 174 174
137* 6 U S Shares Fin 2 6 6 6 6
70 45 Universal Ins(37*).. 80s 45 45 45 45
28 144 Utility PwrALtiai). 1 17 17 17 17
234 124 Utility A Ind 2 144 144 14 14
22 104 Utility Equities....» 2 124 127* 124 127*
977* 764 Vacuum 011 (4)....* 1 854 854 857* 854
16 74 Van Camp Pkg pf.... 2 104 107* 107* 104
134 84 Walker (Hid) 2 94 94 9 9
154 64 Wll-Low Cafeteria.. 2 74 74 74 74
4 A Tukon Gold 10 4 4 4 4
LIGHTS. Expire.
-Hr 4 Inti Nickel w.l 60 A 4 A A
4 4 Segal Lock 15 4 4 4 4
Dividend rates In dollars based on last quarterly or aemi
annual payment.
*Bx dividend. (Partly extra. tPlus 44 in atoek. ePayabie m
cash or stock. bPayable in stock. dSublect to approval of stock
holders. sAdiustment dividend. fPlus 54 In stock. aPlus 64 in
stock hP us 14 In stock, jpius 2% instock. kPlus 10% In
stock. mPlus 17*% in stock. nPlus 84 in stock.
GRACE, ONCE MESSENGER BOY,
NOW MANAGES “KATY'’ SYSTEM
By the Associated Press.
DALLAS, August 2.—A faculty for
remembering facts, figures and faces
has played a part in the rise of Frank
W. Grace from a messenger boy’s Job
to the general managership of the Mis
souri, Kansas and Texas Railroad.
And the new “Katy” executive, after
36 years with the road in a dozen dif
ferent capacities, is optimistic about
the future of railroads, and foresees
improvement in business conditions.
Grace, now 50, started life on a
Texas farm, but left high school to join
the railroad as a messenger at 14. After
five years he became a freight and pas
senger brakeman and later a yard clerk.
Then his memory first attracted at
tention. In checking cars lt was said
NATIONAL DAIRY’S NET
GAINS IN SIX MONTHS
Special Dispatch to The Star.
NEW YORK, August 2.—Net sales of
National Dairy Products Corporation for
the first six months of the current year
amounted to $181,765,179, against $194,-
457,157 for the same properties for the
same period of last year. Net earnings,
however, amounted to $12,947,211, com
pared with $11,601,872 for the same
period of last year. In commenting on
the report Thomas H. Mclnnerney,
president, said:
“Earnings of $2.16 a share as com
pared with $1.85 a share for the same
period of 1929 represent an Increase of
11% per cent, which Includes consid
eration given to the issuance of rights
tn September, 1929, and also the regular
quarterly stock dividends. While dollar
| volume of sales showed a decrease of
j $12,691,978, due to lower selling prices,
the volume of business showed an In
crease, which, however, was more than
offset by reductions in commodity
prices.
“Consolidation of various units and
increased operating efficiency of the cor
poration’s plants played an Important
part tn the higher profits shown for the
first half year. There has been no re
duction in the wage scale.”
GRAIN MARKET
CHICAGO, August 2 (Special).—The
corn market was moderately higher to
day under buying caused by the con
tinued dry weather. Profit-taking sales
were uncovered on the advance. Sep
tember opened 87?/« to 87%, December
83% to 83%, March 86% to 86%. After
first half hour September 87%, De
cember 83%, March 87.
Wheat was higher with corn. Sep
tember opened 86 to 86'/«, December
91% to 91%, March-95% to 95%. After
first half hour September 86%, Decem
ber 91%, March 96.
Oats were higher. September opened
37%, December 41% to 41, March 43%,
After first half hour September 37%,
l December 41%, March 43y a .
Provisions were firm.
CONVICTION IS UPHELD
Brokers Must Go to Prison in Cop
per Stock Deal.
NEW YORK, August 2 (A*).— I The con
-1 viction two years ago of George F.
Shurtleff, Herbert C. Locke and John
T. Locke of the defunct brokerage firm
of Cameron, Michel & Co. for mall
fraud in the sale of Canario Copper Co.
stocks was unanimously upheld Thurs
day by the United States Circuit Court
of Appeals.
Their sentences also were affirmed,
and the men, who have been at lib
erty on SIO,OOO bail each, will be taken
into custody to serve terms .In Atlanta
Penitentiary. Shurtleff waa sentenced
to four years and the Locke brothers
to three years each.
, ~,■■■ - »
Princess, 4, Studies Piano.
GLrAMIS. Scotland, August 2 (JP).—
PrlnceAa Elizabeth, 4 years old, is taking
music lessionq in Glamis Castle. She
practices on the same piano that her
mother, the Duchess of York, used when
a little girl. When the princess returns
to London in the Fall she Intends to
play to the queen.
he could pass a train of 30 or 40 cars,
glance at the number and owner of
each car and later write them accu
rately in consecutive order.
In 1906 Grace became a yardmaster
and in 1914 was advanced to a train
master’s Job. A terminal trainmaster’s
Job later was followed by the superin
tendcncy of the Wichita Falls and
Northwestern line, a part of the Katy
system.
Seven years ago Grace was named
superintendent of the McAlester divi
sion of the Katy and In 1927 he became
general superintendent of the entire
system.
All along the Katy lines Grace is
known as the man who knows more
workers by their names and faces than
does any other employe of the system.
Washington Produce
Butter —One-pound prints, 41a42; tub,
39a40.
Eggs— Hennery, 24a25; current re
ceipts, quality inferior, prices not quoted.
Poultry, alive —Spring broilers, large,
32a33; medium, 25a26; small. 23a24;
Leghorns, 20a23; fowls, large, 23a24;
small, 20a21; Leghorn fowls, 15a16;
roosters, 15a16; ducks, 15.
Dressed, shipped-in, iced—Spring
broilers, large, 30a32; small and me
dium, 23a25; Leghorns, 22a24; fowls,
heavy, 25; small medium and Leghorns,
15a17. Jobbers’ prices, home-dressed—
Spring broilers, large, 37a38; medium,
33a34; small, 28a30; Leghorns, 27a28;
fowls, large, 27a28; small, 25a28; Leg
horn fowls, 20a22; roosters, 19a20:
ducks, 22a23; turkeys, 32a33.
Meats, fresh killed—Beef, 18a20; veal,
15a 16: lamb, 20a23; pork loins, 25a 28;
fresh hams, 25; fresh shoulders, 18a20;
smoked hams, 27; smoked shoulders, 20;
bacon, 27; lard in packages, 12; In
bulk, 11.
Live stock—Calves, 8; lambs, 8.
Fruits—Watermelons, 40a75; canta
loupes, 1.25a2.50; honeydews, 2.50a3.00;
honeyballs, ponys, 3.00; standards, 4.00;
jumbos. 4.75; oranges, 6.00a8.75; lemons,
8.50a9.50; limes, per 100, 2.50; peaches,
2.00a3.00; pineapples, 5.00; plums, 2.50a
3 00; grapes, Thompson seedless, 2.25a
2.50; Malagas. 2.75a3.00; blackberries,
New Jersey, 6.00a6.40.
Vegetables—Potatoes, 2.75a3.00; sweet
potatoes, yellow, 8.00: red, 5.00; toma
toes, 1.00a1.25; peas, Washington State,
4.00; carrots, per 100 bunches, 3.00a
4.00; beets, per 100 bunches, 3.00a4.00;
spinach, 75a1.00; kale, 1.00; corn, per
dozen, 20a25; cabbage, per bushel, 75a
1.26; eggplant, 1.50a2.00; peppers, 1.50;
squash, white, 1.50a2.00; yellow. 1.00;
cucumbers, 2.00; string beans, 1.75a2.00;
lima beans, 2.50a3.00.
ELECTRICITY - OUTPUT.
GAINS DURING WEEK
Special Dispatch to The Star.
NEW YORK, August 2. —The pro- j
duction of electricity by the electric 1
light and power Industry of the United
States for the week ended Saturday.
July 26, was 1,660,190.000 kilowatt
hours, according to the National Elec
tric Light Association. This is nearly
30,000.000 kilowatt hours greater than
the output of the previous week. It ts
2 per cent below the figure for the
correspouding week in 1929, but 10 per
cent above the output for 1928.
Arranged in tabular form, the out
put in kilowatt hours of the light and
power companies during recent weeks
is as follows;
1930. 1939
July 5 1,576,300,000 1,590,250.000
July 12 1,564,570.000 1,631,700,000
July 19 1.631.600.000 1.687.530.000
July 26 1.660.190,000 1,694,400.000
Hawes’ Dividends Grow.
Years ago a life Insurance agent sold
a policy to Charles G. Dawes. In 1890
the dividend paid to Mr. Dawes on that
policy amounted to $7.95. But the
years brought their accumulations and
for 1930 Ambassador Dawes received
from that same policy a dividend of
$54.48.
The poet Chaucer belonged to a shoe
making family. In fact, Chaucer Is an
old English word for shoe.
INVESTMENT TRUST
ISSUES ANALYZED
Comparison Made Between
United and American Foun
ders Based on Reports.
BY CHARLES F. SPEARE.
Special Dispatch to Th* Star.
NEW YORK, August 2.—Enough time
has elapsed since the publication of the
six months’ report of the United Found
era' Corporation and of the American
Founders’ Corporation to permit of a
careful analysis of the financial position
and portfolios of these two interrelated
"investment trusts.” Having done this,
the question with the 77-odd per cent of
American Founders shareholders who
exchanged their holdings for United
Founders, on the basis of three shares
of the one for two of the other, Is
whether they made a good bargain.
ThW'was evidently in the mind of the
cashier of a small bank In Northern
New Hampshire, on whose desk the
writer found a report of the United Cor
poration the other day, and who asked
as to the feeling in Wall Street toward
its stock.
Investment Favorite.
The old American Founders Corpora
tion has been a favorite in New England
of a large body of investors and has
held about the same position in its
class as does Atchison among the rail
roads, American Telephone & Telegraph
of the public utilities and United Fruit
in the Industrial group. It was a pio
neer in its field and received much of
its early financial support from New
England capital, to which It was ex
tremely good over a period of years in
providing a high rate of return on the
amount invested. Latterly, however, the
distribution became more national in
scope, so that today there are about
90,000 shareholders in the United
Founders Corporation throughout the
United States.
In the past few weeks United Pound
ers stock has been under pressure.
About 600,000 shares were sold on a 10-
point decline from 25% to 15%, com
paring with the high for the year of 44
A considerable part of this has been
traced to New England investors, who
presumably were among the original
anj satisfied holders of American
Founders Corporation stock, but had
become puzzled shareholders in the
United Founders Corporation.
Ratio Os Decline.
The ratio of decline in American
Founders stock has been about the same
as that in United Founders. From a
market standpoint the position of the
shareholder who made the exchange is
about the same as that of the undepos
ited stock. An analysis of the two re
ports, however, clearly indicates that
from the investment point of view there
is a decided difference, and that in
making his exchange the holder of
American Founders Corporation shares
has given up an investment issue for
one in which the contingent element is
quite prominent. Slow but general ap
preciation of this fact has been develop
ing, and out of it has arisen no small
part of the liquidation in United
Founders.
The reports indicate the difference in
the policies of the two companies to
ward immediate or future earnings, in
that those of American founders in the
half year were about 6 per cent per
annum on the capital Invested in the
securities and in other Income assets,
compared with around 4 per cent for
United Founders.
An even greater difference is to be
found in the more liquid character of
the American Founders portfolio than
in that possessed by United Founders.
The former is in a true sense an in
vestment trust Its holdings are widely
diversified, so much so that in order to
carry out the terms of the indenture
which compel holdings in 400 different
issues, the list of bonds is stretched out
to include many SI,OOO and $2,000
units. In the United Founders port
folio there are almost no bonds listed,
but enormous blocks of stocks which
represent major partnerships in cor
porations which, from the standpoint of
actual liquidating value, are difficult to
assess at their true worth.
Yield Is Substantial.
The high common and dividend for
eign bonds and stocks give a substan
tial average yield to American Founders.
Large participations in common stocks
and warrants in non-productive securi
ties were takpn by United Founders last
year at the height of the bull market.
It is assumed, of course, by the United
Founders management that eventually
the appreciation on these securities will
more than offset their present failure
to contribute earnings to the company’s
treasury.
The two corporations, representing
the largest aggregation of investment
trust capital under one management in
the United States, are typical of oppo
site schools of policy in investment
trust affairs. It may be that in time
those ♦ho were induced to part with
American Founders stock, which had
had an almost uninterrupted rise for
years, and to take in exchange United
Founders stock, which depreciated in
market value nearly 70 per cent be
tween March and the latter part of
July, may be fully satisfied with their
bargain. The picture was considerably
clouded for a time after the United
Founders report was published. It has
grown brighter with the events that
have taken place In the past 24 hours
in the banking and investment world.
(Copyright. 1930.1
VIRGINIA BANKER SEEKS
HAMPTON ROADS TRADE
Jullen H. Hill, president of the State-
Planters Bank & Trust Co., Richmond,
Va.. sailed for England recently on the
S. S. George Washington as a member
of a body which will tour the British
Isles as the guest of the Association of
British Chambers of Commerce in con
nection with a movement to develop
reciprocal trade relations through the
port of Hampton Roads. Mr. Hill has
long been associated with the activities
of the Virginia State Chamber of Com
merce.
Business Notes
By the Associated Press.
NEW YORK, August 2.—Sales total
ing $2,300,000 were reported for the
j four-day Summer fur auction conducted
by the New York Auction Co.
Wcstinghouse Electric Ac Manufactur
ing Co. has begun distribution of radio
receiving sets to dealers, and the sets
soon will be available for public inspec
tion and sale throughout the country.
The company has carried on develop
ment and manufacture of receivers
since 1920, first under its own trade
mark and later for Radio Corporation
of America. January 1 last it turned
over to the R C. A.-Victor Co„ sub
sidiary of the Radio Corporation of
America, its manufacturing activities.
Arrangements have been completed
between the better fabrics testing bu
reau of the National Retail Dry Goods
Association and the Visccse Co. whereby
manufacturers of knit and woven rayon
underwear, undergarments and night
wear must first obtain indorsement from
the bureau of their specifications for
cut and size before application to the
Viscose company for license to use
brand labels under that company’s qual
ity control plan.
Construction has been started on the
first compressor station to be used by
the Mlssouri-Kansas Pipe Line Co. to
boost natural gas from the Texas Pan
handle to Indiana through the new
1,250-mile pipe lins. The station is to l
be located 12 miles northeast of Lib
eral, Kane., on tNa Cimmaron River.
NAM GASOLINE
STORAGE ADVANCED
Bureau of Mines Reports
Large Gains Recently in
Plant Capacity.
There were 1,035 natural gasoline
plants In the United States, with a
total dally capacity of 10,516,000 gal
lons, on January 1, 1930, according to a
survey conducted by the United States
Bureau of Mines, Department of Com
merce. The last similar survey, that
of January 1, 1928, showed a total of
1,155 plants of 8,048,000 gallons dally
capacity. Thus in two years’ time the
number of plants has decreased by 120,
but the total capacity has increased
2,468,000 gallons, or 31 per cent. This
is roughly equivalent to the gain in
production over the same period.
Over half of the increase in total
capacity was registered In California,
where the development of flush oil
production having a comparatively
high gas-oil ratio in such fields as
Santa Fe Springs led to construction
of some new plants and material en
largement of others.
999 Plants In Operation.
Os the total plants, £ 9 were operat
ing on January l, 1930. and 36 were
shut down. This compares with 1,060
operating and 95 shut down two years
ago, which indicates a tendency to
dismantle plants as soon as they be
’ come obsolete or unprofitable. The
total dally capacity of the plants oper
ating on January 1, 1930, mounted to
10,278,000 gallons, or 98 per cent of
the "total, leaving only 238,000 gallons,
or 2 per cent, for the shut-down plants.
This contrasts with the refining in
dustry, which usually has 5 per cent of
its total capacity idle; the difference
is due to the relative ease with which a
refiner can secure a crude supply as
against the difficulty the natural gaso
line manufacturer has In re-establish
ing his gas connections.
During 1929 the average total daily
capacity of the operating plants was
9.899,000 gallons while the average
daily production amounted to 6,015,000
gallons. This indicates that the plants
operated during 1929 at 61 per cent
of their capacity.
Although over 60 plants were dis
mantled in Oklahoma during 1929, the
State, with 268 plants, continued to
rank first in toal number. California
was second in number of plants With
165, and was one of the few States
that showed a gain since the 1928
census. California was the leading
State in total daily capacity, with
3,658,000 gallons; Oklahoma was second
With 3,085,000 gallons. The disparity
between the average size of plants in
various sections of the country was
more pronounced than at any time
since these surveys were begun. For
example, the average size of the plants
in Pennsylvania on January 1. 1930,
was less than 1,000 gallons daily, but
in California it was over 20,000 gallons.
Largest Plant in Country.
The largest plant in the country is
that of the General Petroleum Cor
poration of California at Sant* Fe
Springs; the largest plant east of Cali
fornia is that of the Sinclair Oil and
Gas Co. at Seminole.
The absorption method of extracting
natural gasoline made a further gain
in relative importance during 1928 and
1929 at the expense of the compression
and charcoal methods. The daily
capacity of the plants using the ab
sorption method increased from 5,476,-
000 gallons on January 1, 1928, to
7,956,000 gallons on January 1, 1930,
at which date it comprised 76 per cent
of the total. The charcoal method of
producing natural gasoline, the most
recent development in natural gasoline
manufacturing equipment, declined in
favor during 1928 and 1929, when the
total number of plants fell from 27 to
23, and the total dally capacity from
214,000 gallons to 186,000 gallons.
EARNINGS REPORTED.
NEW YORK, August 2 {lP).— Holland
Furnace Co. today reported for the first
half net earnings of $538,663, equal
after preferred dividends to $1.13 per
common share, against $540,641. or
$1.16 a share in the corresponding
period last year.
Yale & Towne Manufacturing Co. re
ported June quarter net income of
$24,140, equal to 5 cents a share on
486.656 shares, against $619,209, or
$1.41 a share on 440,000 shares in the
June quarter, 1929.
Reliance Manufacturing Co. of Illi
nois and subsidiaries had June quartet
net profit of $44,948, equal to 4 cents
a share on the common, compared with
$203,187, or 67 cents a share, in the
second quarter last year.
Vadsco Sales Corporation reported
June quarter net loss of $239,288,
against a profit of $114,706 in the pre
ceding quarter.
Rail Stocks
BY GEORGE T. HUGHES.
This Is the twenty-fourth of a series i
of brief analyses by Mr. Hushes on rsll
rosd securities. The Intent is not to
recommend the purchase or sale of any
particular stock, but to rive the inves
tor such information as may enable him ,
intelligently to chart his own course. 1
Missouri Pacific.
The bonds and the preferred stock
of the Missouri Pacific Railroad all
have unusual features of investment
! and speculative interest. Since the re
■ organization in 1917 the road has made
. striking progress. In 1922 fixed charges
were not covered and total operating
! revenue was $99,871,547. Whereas in
■ 1929 bond interest was earned 1.7 times
i and operating revenue was $139,807,914.
While the bonds 10 years ago were
• more or less speculative, they all rank
i as investments today. The highest
■ yielding large issue is the general 4s of
; 1975, on which a maturity return of
i around 5.25 per cent is to be had at
the present market. In March a year
ago there was offered to stockholders
the right to subscribe to a new con
vertible bond carrying a s»s per cent
coupon. The conversion privilege was
into common stock at SIOO per share,
on and after May 1, 1931. This bond
now sells at a premium of 9 or 10
points and combines speculative possi
bilities with all reasonable safety.
There are two classes of capital stock
outstanding, a 5 per cent convertible
cumulative preferred and a common,
both of SIOO par value. The regular
rate is how being paid on the preferred,
on which, however, there were back un
paid dividends of $48.25 a share at the
beginning of the present year. Noth
ing has ever been paid on the common
stock of the present company. It has
been proposed to settle the accrued
dividends on the preferred by giving
to shareholders common stock in lieu
of cash, but to this plan the interests
now in control of the road have en
tered objection, and the chances are
that it will not be carried out. The
market price of the preferred stock
takes into account the unpaid divi
dends. By subtracting $48.50 from the
current quotation, yoi will have the
market appraisal of the investment
value of a 5 per cent inrome on a Mis
souri Pacific preferred issue under pres
ent conditions. The preferred stock
also has a conversion privilege into
common, par for par, of no immediate
value, but Which might become impor
tant in the course of time.
Obviously, there is a speculative qual
ity in both classes of stock, and their
market future depends on the earning
outlook. As to that, it can be said
there has been a sharp falling off in
the first half of 1910 in comparison
1 with 1929. but that the road has made
a good showing in comparison with that U
of other carrier!; U
The Dagger "* ° By Mary Dahlberg H
Copyright. 19?0, by Dufleld and Company.
1 SYNOPSIS—Dagger Marley. 16-year
old niece of a I>kaS rancher, rescues
Blaine Howard, a vagabond American
soldier of fortune, from some Mexican
insurgents. Staying as a guest at the
ranch, Howard wins the respect of all,
including old Jim Marley. Dagger's uncle,
and Dick Welling, a one-armed English
man who has come to the ranch to for
get some past trouble, of which he never
speaks. Welling and Howard have heard
of each other previously, but their exact
past connection remains a mystery.
Meanwhile. Dagger falls In love with
Howard, who has a wife he does not
love. He resists the temptation to re
turn l 1 ,® 1 !, affection and leaves to loin
the allied armies in Prance. Dagger Is
heart-broken, but Welling counsels her
to overcome her grief and reveals his
own past disappointment in love.
CHAPTER VI.
“SOMEWHERE IN FRANCE.’’
THE Summer dragged for Dagger
afte r Howard’s departure.
Everywhere memories of him
confronted her. There was a
carefully worded letter from
him, too, but no reference to what had
passed between them.
“Am sailing on the Baltic Wednes
day,” he concluded.
He signed himself, “Your friend,
Blaine Howard.”
The letter established definitely their
“I said It’s possible to love a man more than anything,” Dagger replied.
separation. He was going one way, per
haps to the death that had taken mil
lions of men. What fate awaited her?”
Before Dagger realized it, the day was
at hand to return to the convent in
El Paso
The serenity and peace that dwelt
behind its W'alls were temporarily sooth
ing to. Dagger, but soon their spell was
dissipated. Wise Mother Seraphina
presently realized the difficulty of her
favored pupil and summoned Dagger to
her plainly furnished cell.
‘‘What is this, child?” asked the old
nun. “I find you reported for pertness
by Sister Veronica —and it was only
three days ago Sister Agnes made the
same complaint.”
‘‘They’re so stupid,” scowled Dagger.
“That is, Sister Veronica is. Sister
Agnes was—well, she said I shouldn’t
tell Lou Anne she didn’t know what she
was talking about.”
“Ah!” A faint twinkle struggled for
mastery in the dim eyes masked by a
network of wrinkles. “But perhaps Lou
Anne ”
“Oh, but she didn’t know, Mother
Seraphina. She’s dumb! It was
Whether we—l mean women—could
love a man more than the church.”
The twinkle died in the mother su
perior's eyes.
“That is a grave subject for a young
person to discuss, my dear,” she an
swered. “How did you and Lou Anne
disagree?”
“Oh, I said, of course you could love
a man more than the church —more
than anything. You can, you know!”
"I fear I do not,” returned Mother
Seraphina. “And as for the pertness,
you will write an essay on deportment.
You have some years ahead of you be
fore you are fitted to criticize your
elders and instructors.”
Dagger blushed furiously.
“I suppose I’m silly,” she snapped,
“but I think I know more about alge
bra right now than Sister Veronica.”
“Really?” smiled Mother Seraphina.
“It seems to me you should make use
of such talent ”
“How?”
“Why, I might give 'you a class of
the younger children.”
“But I hate teaching!” exclaimed
Dagger, dismayed.
“Possibly you will appreciate Sister
Veronica’s troubles after your experi
ence,” the mother superior answered.
“Oh, I’ll do it if you want me to.”
“You are unhappy, child?” the old
nun queried.
“Not very unhappy, anyway,” Dagger
rapped curtly.
“Will it ease your pain to speak
of it?”
“No. No use.” And half-apologetic
for her abruptness: “I’m not going to
let it bother me Dick Welling said
you could make unhappiness help you ;
if you tried hard enough I'm trying.” |
Mother Seraphina's hand stretched
g&e gening §laf
Jl^dvertiseneiits
£k * ECtIYE ° Here 1
The Billy Shop—l 773 Columbia Rd.
Is a Star Branch Office
• II
No need to wait for some on?
jlr' fl% to apply for that vacant posi
viLQ.fr tion when a Classified Aavei
j£. tisement in The Star will put il
you in touch with those most
Tfh'llffl. competent to render the best
Copy for The Star Classified
Section may be left at any of
the Branch Offices. There’s one
fflT in nearly every neighborhood in
and around Washington. There
THE are no fees in connection with
ABOVE SIGN 1 Branch Office service; only reg-
I S ular rates are charged.
The Star prints such sn over-
BY whelmingly greater volume of
AUTHORIZED Classified Advertising every
STAR day than any other Washing-
BRANCH ton paper that there can be no
OFFICES question as to which will give
you *he best resu i* s - i
“Around the Corner” is
FINANCIAL
out involuntarily over the arrogant
black head.
“God bless you, child,” she said. "It
is 111 to be young and In sorrow, but
if sorrow you must, treat yourself as
your friend advised. Bend the sorrow to
your will. That way lies the peace that
is greater than happiness, the peace
our Lord said was beyond understand
ing.”
Dagger's eyes were moist as she wen'
downstairs and in the chapel she knell
resolutely, determined to cudgel wi‘
fulness from her spirit, but her close .
eyes only conjured up a vision of How
ard.
Small wonder that when she tool:
over the algebra class the following
afternoon she was absent and distra!'..
Was it necessary for the girls to be so
unutterably dumb? “No. no. jane, don't
you see It couldn’t work but that way?
Sit down, Helen: I’ll have to let sran”
one else try.” The second day she blew
up completely, stormed from the class
room and went straight to Mother
Seraphina
“I’m no good, I reckon,” she said
bluntly.
“And are you prepared to be more
charitable In your view of Sister Ve
ronica?” asked the nun.
“If you mean, do I understand it isn’t
easy to teach —yes, Mother Seraphina.
But if I must say I’m sorry for being
i angry at her, I’m not. She really fi
; stupid herself.”
“She has taught you for several years,
, hasn’t she?”
“Yes.”
“All that you know of mathematics?”
“Ye-es.”
“Do you see, child? For your knowl
• edge, such as it is, you are in debt to
Sister Veronica, as to many other peo
ple. I should say you owe an apology
to Sister Veronica and to the class you
have abandoned.”
“I do,” agreed Dagger, scrambling up.
“But will you let me off teaching? I'll
do anything, any penance you set me
But please don’t make me leach.”
Her next news of Howard was not
received until late in the Winter, when
Dick had a letter from him with the
cryptic heading, "Somewhere in
France.” The rough paper, the purple
of the indelible pencil, the censor'r
stamp, were so many invitations to her
imagination.
“Been strafed a couple of times,”
Howard wrote. “We’ve done a bit, too.
The fighting isn’t as bad as the mud
and the wet. But we are looking for
ward to the Spring, when the big drive
should start.”
At the end of the sheet a paragraph:
"Remember me to Dagger and Jim
Marled and every one at the ranch.”
And scrawled along one side:
“Tell D. I’ll send her a souvenir first
time we move forward.”
He hadn't forgotten her!
(Continued Tomorrow )
WOOL FROM ONE COUNTY
ENOUGH FOR 4,200 SUITS
By the Associated Press.
HARRISBURG, Pa., August 2.
Flockmasters of Indiana County have
marketed the largest crop of w-00l ever
handled by the association pool.
Representing 282 clips, it totaled 42,-
516 pounds, and brought pool members
6 cents a pound more than they would
have obtained by usual marketing
methods.
The wool came from 7,000 sheep, and
tvas sufficient to make 4,200 suit* of
clothes.
THE ARGONNE
16th & Columbia Rond N.W,
One Room, Reception
Hall, Kitchen and Bath
Electrical Refrigeration