Chicago Tribune from Chicago, Illinois • 34

CHICAGO SUNDAY TIUBUNft! UANUATtY 10. 1030. TAUT 2 PAGE G. A 5UF1F1ARY OF THE DAY'S MARKETS CHICAGO. SXQCK( TRANSACTIONS riaturday, Jua.

1JI, BOO. Total, ...2,222,700 I'l-tmriotM year .....4,1 1 2,000 8mlnrda.T, Jan. IS, Sales today 12K.700 Ynr KCO STOCKHOLDER ASKS RECEIVER Net Div.yld. rdwriDti on LONDON STOCK MARKET BACK IN RUT AGAIN Adiirrwiwrsph Intl Oorp Pewription Sale. Ken-Had Tube Co loo Ijbby-Me 60 Lincoln Printing Co fKiO Do pfd 3.V) Lindsay 100 Lindsay Is'uun Pub 10O Ijoii Oil Kef 6( Manhattan-learb Corp 2f() Meadow Mf lOO Mines 60 FOR FOX FILIV GRIGSBY-GRUNOW DROPS ON THREAT OF RADIO STRIFE But Recovers Host cf Loss Before Close.

Ain(worth Prodorts Cto fAIiifd Motors fAm Comwltti 1'ow A Am Public Serr Am Stv rt Art Metal WTm 1 Aim) Tel till Aiwo Ibt AUao Store tAuburn Auta Banco Kentufky Uajt-ui-r Ljuii1 Hinks MlST Co JVndix Aviation Borr Warner 3o Jld Prarh Pons lire hi Star lilec B. Mi-tiraw Klec Co 50 Wet Utilities. C.550 Miller A Hart 100 100 Courts Now to Settle the Public Loses Interest and Activity Subsides. Company's Affairs. CHICAGO.

STOCKS Weak. Grigsbyrrmow drop to now low, but recover most of loss. WIIKAT HigW. Co-ops advarvre Chicago bid 2c. Futures Rain fp yKc, March.

L23Ji LZ3t6; May. lLZ-. CORN Higher. Price Trp with light trade. March, JQ; HOGS Higher.

Shippers advance price 1023c, Top, average, $9.83. Bulk of mU-s, $3 G010.0.. CATTLE AM) SHEEP Steady. Lambs, weak. PRODUCE Spot butter, firm.

Jan-nary, Xc high-, 3414c. Frewh egg. Arm. January, kmer, 35ViC Live poultry, steady, potato-, unchanged. NEW YORK.

STOCKS Weak. lYk-e rally near close. BONDS Steady. Prices firm, trading lively in short session. COTTON" Iwer.

CoW weather may cut woevil damage. Chicago oft 48 points; other markets, 38 points. Brown Vnce Wire Jo BY SIDNEY" CAVE. I (biraro Tribune Fmm lo JB Bntlflr Bros Miff Cori Cent IU Ser pfd Ci)t Pub St ICent 8 Util New York, Jan. IS.ltT.

P. The troubles of WHIiam Fox, the motion picture magnate, were definitely ftvpynrhtr 1930: The Chicago Tribune. 1 Chi Cy Coon Kjra pld LONDON', Jan. IS. Last -week's rhwrful fiireup and graeral outburst 1829 Div.yld.

Hlerh. Low. int. liid. Asked.

42 5 18.2 8 8 23 10 18 18 28 )04 8.7 soH, 42 8.1 42 43 7 2 ii 1 22 7.0 25 30 17 10.8 18 10 64 32 34 35 23 I 2 2 48 21 8.2' 37 39 20 8.7 22 24 60 20 25 2 6'Z 35 9.9 35 35 35 17 8.4. 17 1 335 303 6.4 130 132 42 3 0 21 22 70 22 10.7 20 28 3S 15 8.1 19 75 43 5.9 60 51 20 25 24 25 20 13 7.8 13 13 40 14 18 19 26 18 7.3 20 20 80 OO t0 70 flUH 53 3.2 51 63 31 16 8 7 17 18 57 28 6.7 30 80 64 2.8 38 39 62 15 4.9 16 17 12Si 8 67 29 9.1 32 33 35 li 10.1 16 16 i 6 80 60 4..0 CO 51 1 38 17 23 23 44 20 7.4 27 27 3 28 6.5 27 30 145 123 5.9 133 134 37 25 7. 32 32 2 3) 9.7 3 it8 37 9 16.7 12 12 61 14 25 26 92 35. 3.8 42 42 3 13 15 17 11 6 8. 8 55 34 17 18 55 19 6.0 25 25 0 13 17 17 33 18 8.7 23 24 42 24 9.3 27 27 6 7 8 35 6 7 10 24 3 9 9.3 3 9 20 11 11 11 11 77 38 8.5 47 47 27 14 ,13 3 4, 62 ti 0 tf optimism and Figns of revival of Hirh.

Low. Clow. chKe. 8 8 8 18 IS 18 20 20 20 43 42 43 6 26 2 26 3 8 3 8 18 35 34 3 2 2 88 38 38 1H 23, 23 23 26 35 35 35 19 19 19 130 130 ISO trl 21 2 28 28 1 19 18 19 51 60 51 25 25 13S. 12 13 4 18 18 18 20 20 20 ti 69 09 62'i 62 52 17 17, i7 y.

30 30 30 2 40 38 38 1 16 16 16 9 8 9 S3 33 33 16 16 16 0 6 6 60 B0 60 1 1 1 23 23 23 27 27 27 28 28 28 134 134 134 33 31 32 Vi 38 30 3.8 12 12 12 20 25 25 -42 42 42 15 15 15 8 8 8 18 17 18 25 25 25 17 16 17 24 23 24 27 27 27 7 7 7 8 9 9 19 19 18 2 11 11 11 47 14 47 47 13 13 131 6 6 96 75 75 75 75 75 75 Net Sale. Hirh. Low. Clow, chtie. 200 27 27 27 50 22 22 22 1 4tM 3o 35 30 100 IU 150 24 24 24 50 88 88 88 200 rH 7 7 200 18 18 18 50 23 23 23 ISO 50 68 69 J.

BOO 21 20 2() 100 ISO 180 1H0 200 20 18 20 SO 3 0 5 10 10 50 20 2 26 1 800 33 33 33 -f- 2.200 34 34 34 100 88 8H 88 4- 50 lt 16 30 150 111 250 18 18 18 050 3 0 8 101 ISO 14 14 144- 10O 1 15 10 100 83 83 86 750 35 35 35 4O0 22 21 22 100 11 11 33 1 8.1 OO 13 3 3 13 3.750 38 38 38 800 7 7 350 33 33 33 100 2 2 2 2 100 28 27S, 28 400 4 4 4 250 238 236 238 50 12 12 12 150 14 14 14 160 38 38 39 6,300 3 62 63 1.O50 11 31 11 100 54 54 54 100 6" 60 21 21 21 1 200 12 12 123 10O 44 44 44 150 5O0 17 17 17 20O 14 14 14 150 20 19 20 1 400 37 36 30 750 20 20 20 1 150 4 4 4 60 160 150 150 8 $1,350 14 12 14 1 50 22 22 22 700 24 24 24 70O 22 22 22i 50 26 26 26 650 24 24 24-. 2.0OO 66 63i 66 100 80 80 80 350 86 85 86 10O 24 24 24 1.1O0 45 44 45 oO 00 00 60 1 Hurh. low, pet. flt'i. Akd.

Stt'-i CI 8 27 6H, CO lli 23 J. 7 a 67', 15 6 15 lrt 1H IMS S4li loan tj. trr 1 5 7 7H b7 35 15.8 84 1 23 l1 Ort'i 49 6-8 MS 14 11 a eft, dl 120 175 lf5 34H 1S4 0 04 26 10 lfl.7 10 101 36 Vi 24t .3 SO 1(4 3T4 3 7 unmi 8 34 304 7.1 07 JS 13V11.8 18 1' 3H l1 1 X7 13 3 8 1 21.0 30 101 45 13H10.O 14t4 15 ltf 14.7 15 ltt MS 85 6.3 P5 ti5 4.4 35 354 12 2H4 2 a 31 7 10 JH 73 12i l.t 13. 35 7.7 3.H, 40 61M 0 fi 7 60 30 8.8 3314 83 7 68 28L 34, 5 20': 3 238 3: 21 12 '4 1J4 33 15 14V. 34i fto 3 8.0 39 3ii 174 4.7 63'4 3' 37 it 11H, 11H 100 61 64 65 13 41 Sb 37 18 12.5 204 23 27 814.3 3 2 144 iiOVi 30 2.6 42 44 1 1 13 8.0 17 17Ti 13 9.7 34 14 30 18 10.0 3 20 24 364 25 1P 6.0 IS" 20 31 4 4 4' 290 128 6.7 160 105 ti9K 14H14.0 14 14 34', 18 21 22 5iii 1714 4 24 59 12 8.9 22 22 41 23 8.2 25Vj 28 27W 24 0.8 24V 24'4 149 30 6d 98 82 80 81 106 05 7.0 85'i 38 22 4.1 24V 24i 69 29 7.8 441 45 131 30 7-5 00 61 activity have Burprisingrfy subsided his -week.

Tbe public's participation Moniehan Mtg Monur Ward -lass A. Mo Kas Nat-hman Sprintr Nat Family Nat Republic Nat Share Nat Ter Pt Paid No and So Am Cor No Am Gas. 1 No Am Lt Northwest Ban 1'enn Gas Perfect Circle 1 Pines Winwrfront De Vry Railroad Shares Ross Gear Sally Frocks Seaboard Util tSheffield Steel isiguode Stl 3t Strap Co Stand Dredg-e Do cv pld. US tone, Co. Swift Co Swift Intl Thompson Unit CorporaUoa Unitei Gas Gypsum Lines Radio ToJ Util Ind Corp Do pid Ctil Pow i Lt Yortvx Cup Wahl L.1'.

va. short lived and the markets have 100 2.500 lOO 6O0 100 1 (HI 350 200 60 10O 80 100 050 60 1,150 200 10O 800 60 10O ISO 300 200 60 2.200 350 60 eoo 150 60 60 1.4 0O 400 TOO 3660 100 50 300 750 40O 100 200 450 rtm into another dull patch. America is partly responsible, for the hopes of an immediate reduction thrown Into tbe courts today by tbe filing of a Bait for receivership of the Fox Film corporation. Ira M. Oast, a holder of class A stock, filed the suit, alleging that $91,000,000 In obligations had been assumed without the heads of the company knowing what they were going to use for money when it came time to pay.

The suit names Fox, the Fox Film corporation, the Fox Securities company, and certain of Fox's associates as defendants. Some of the obligations included in the $91,000,000 mentioned in the suit already are overdue, it is alleged. In tn the Bark of Knsland rate, which What 40 Stocks Did Do ptd Cti Investors Corp 1K pfd Chi Railways 9er 2... a Bes Ser Co Clab Aluminum Commonwealth Comni Water Cong Materiid 3 pfd Cont Chi Corp ctfa Cord Corp Corp Sec Co allot Consumers Company Curtis Mig Co Decker tElec Household Kiec Rks Lab Foote Bro Gerlach BarkJow Do pfd Gen Theater lnc 'Glean Comb Harr Oorp Ureal Lakes Aircraft Co Great Iakea Grifsby-Grunow Co tHart Carter pfd Ho ml Herahey Corp A Do Ulitioia Brirk Co Inland Utilities lnc Ilnsuil Ut Invest Do Do 2d pfd flron Fire vt ct Jefferson Etec Co tKalamazoo Stove Threat cf warfare tn th fv between tbe General EorirtoVTesefc-j. house-Iiadio group and tbo Oryrafcy, Ornnow company ld to h-eavy wCsj of rigFby-C rn chares on th Qj.

cfigo ftock exchange tn yKtwrJaj short week-end session. Tb star? were deprKw-d to a new low mark at 12, but rallied to 14 at the doss, showing a net loss of a. point on the day. Trading in Grigsby-Grunov totals nearly 32,000 shares, which. rprSBnt.

ed about a quarter of tlw toted turnover of 128.700 share. Most of other radio issues were week la trycu-pathy with the leader, with Auaj Stores sagging 1 points. Iio-ww. trading in the groop was tmassaCy dull. Aotomotrves Irregniar, The automotive group -was qatetrtl irregular.

Bendix gained a miner fro tion; Borg-Warm eased a bare fraction; Pines Winterfront was down more than a point, and Cord finished unchanged. 1L Faulkner, vice president of the Auburn Automobile company, announced that shipments for the first thirteen days of January totaled 29 cars, compared with S3 5 car for the corresponding period lart year. The production schedule for thii month is 1.500 cars, compared with shipments of L262 cars in January, 1929. TWENTY GAINS. Am Can 4- I Goodrich 4.

1 Am SmJt 4- 1 Am LortUard -4- 2 1 Mont -V Cent Pullman Std Od Am Tob 4- Anaconda 1 Atchison 4- 2- Auburn 2 Coca Cola 3 I'll Pont 1 Gen 1 Wayne Pump Co Wextark Radio Stores Wisconsin Bankshr Co Winton Enerine Woodruff-Edwards Zeuuh Radio the city believed certain this week, vas dampened by the reaction of the American rterling dollar exchange, combined with, the reappearance of Srance as a purchaser of bar gold In the London market. It is Quite that the two circumstances are ronnected. The Bank of England has apparent-ly decided to move cautiously regarding- the bank rate and the money mar-fct is not now anticipating: an early reduction. The bank's gold position continues to Improve, bullion movements recently adding considerably to the bank's gold stock, thus raising the total well above the Cunliffe committee figure of 1750,000,000. Therefor i Union 1 Steel -t- Westinebse TWENTY LOSSES.

BONDS. Chi City Rya 5ri l.OoO Chi Rys 1,000 Ex div. fPays extra iiv. i Er rurhts. tPaya iock tflv.

aieo. Pay9 di. in clock. ZDiv. not yet aucouneed.

Pays stock and cash. Allied Chem 3 Am For Pw. 1 Am Water ks, 2 Beth Steel Ches Ohio 1 Del Lu- W. 2 Eat 1 Gen Elec Grig-s Gruji 1 El Cent Tntl Math 6K. Intl Hai-v 1 Johns Manv 2 Nat 1 Perm Radio St 1, Tex Pac 3 Ind Ale 1 Cmon Tel.

that class tbe complaint lists an item of $368,000 owed the Republic National bank, and $4,000,000 used to purchase theaters in England, allegedly due Dec. 31, and still unpaid. Buying Loew's, ln, Was Burden. Forty million dollars paid by Fox, according to Gast's complaint, for Loew's, Incu. overburdened the financial resources of the company.

The Fox Securities compttny becomes a defendant because of its apparently peculiar position as the last effort of Fox to retain control of the vast motion picture and theater enterprises he built up out of his original Nickelodeon It was formed a Chicago Hoard of Trade Stocks Chicago Curb Exchange Stocks the further weakening of the sterling NIAGARA HUDSON TO CONCENTRATE ALL OPERATIONS EUROPEANS FAIL TO STEM TIDE OF AMERICAN CARS exchange on New York, disappointed city circles here, reacting in the re sumption of gold purchases in London tor Paris, the French rate dipping to a point enabling the French banks to Stock prices were easy with no material change in prices. Armour shares furnished about 75 per cent of the total businsss, which, was fair as compared with previous days. Prev. Sales. Efish.

Low. Close, Mc Williams preferred, Metals and Mining, and Sundstrand were the chief gainers of a quiet Chicago curb session yesterday. The recent announcement of expansion of National Family Stores brought a fractional gain in the company's preferred stock and Standard of Kansas rebounded to 29 for a good fractional advance. The chief Will Merge Companies in 3 Systems. Chicago Tribune Press Service.

New York, Jan. 18. The Niagara Hudson Power corporation is planning GAS UTILITIES GAIN 11 IN SALES FOR NOV ChK-ajo Tribune Press Serviee.l New York, Jan. IS. Figures compiled by the statistical research department of the National Electric Light association, show the recession in productive activity which was apparent in October continued in November.

Despite the apparent tendency tOM-ard lHitarOil l'rwTliotHQl onortifmnc in mo nir short time ago to float $35,000,000 in securities which would give Fox sufficient capital to tide him over the crisis and keep his holdings intact. Motion picture men believe Fox will make every effort to prevent the appointment of a receiver and will try to dispose of the $35,000,000 in securities. If he can prevent the receiver-shin and float the loan before Feb. loss of the day was a 1 point slip in Transformer, with other losses held to Foreign Builders Fail to Agree. PARIS.

U.P. Despite vigorous action by European motor manufacturers to stem the invasion of automobiles from the United States, American vehicles continue to pour into western and central Europe. American manufacturers refused to become alarmed at the recent meeting in Brussels of the International Bureau of Motor Manufacturers, organized largely to combat the tower 6 2 11 9 5 2 12 9 5s 5 2 11 9 9 34 5 2 11 9 9 34 fractions. oOO 350 60 lOO 100 150 .250 Armour el Do ci B. Combined Tr Oscar Mid City CO A Natl Pump Total sales.

Arrangements have been completed for the transfer of two memberships; 34 34 shares. The investment trust group also was irregular. Continental Chicago, the Chicago Corporation issues and UtTUtj and Industrial declined fractionally, but Insull Utilities gained a small fraction and Railroad Sharoa closed unchanged. In the publin utility group. Middle West Utilities sagged a irae.

tion but Cities Service ajcd fractionally. In the general lis. Swift International and Vortex Cup tunAa fractional gains, Missouri -Kansas FUe Lia eased a bare fraction and JeJersot Electric ced unchanged. On ligM trading, Amsworth act rrv' mar than.a point, while Brown V.a "3" and Kalamazoo Stove lost A psat each. Reports on Sales.

Sally Frocks, reported total sales lfT '929 at $4,179,795, compared with iZ.tJ0O in 192S, while retail sales -w-. $3,942,969, compared with $2,580,220, a gain of 52.S1 par cent The company is opo-ti-ur 40 etoirt, compared with 20 at 'h eni of ISi. The Chicago Stock trtuAjc wQ start an inactive sa-A Vgwtannt tomorrow to include ail nrc now handled by -o uttliO octaJlsL Trading In oro -Vl loofcsa 15. when the stockholders' meeting of wctions gas utiIity for November the first to M. R.

Glaser of Rosen baum Brothers at $7,125 and the sec the Fox Theaters takes place, he will ond to William W. Sutherland of Russell-Brewster Co. at 17.500. The last to eliminate the intermediary holding companies in the system and to concentrate all tbe operations of the system into three operating companies, through the merger of underlying operating companies. The three operating companies which will remain when the plan has been consummated will serve, respectively, northern, western, and eastern New York state.

In order to carry out the plan, the merger of the present numerous oper be in a position to ward off any attempts of stockholders to unseat him as head of the company and break his control of his own enterprises. The Name. Fox Film company stockholders meet. Allegr Gas Amer urn Ark Gas A registered an increase of some 11 per cent over the same month of the previous year, the statistical department of the American Gas association reports. While pales of whplesale electric light and power in November show an increase of 5 per cent over November.

1928, the figures for October showed an increase of 7.3 per cent and for September an increase of 12.2 per cent over the same months of 1928. R. C. Distributors Asso Gas A MUNICIPALS ADD TO WEEK'S BOND REDEMPTION LIST Chicago Tribune Press New York, Jan. 18.

Municipal bonds featured the additions to the list of bonds called for redemption before maturity this week for the current month. The aggregate for January is now $29,934,500 compared with $73,549,000 in December, 1929, and Atl Ut Auto Mas I B. ating companies will come from time ing menace of American competition. The United States was not represented at the gathering of European automotive concerns, but leakage of information has assured American motor experts that nothing was accomplished in the way of seriously curtailing American products. It will be recalled that various efforts have been made by European industrialists in the past to create some sort of unified front against the increasing demand in Europe for Can to time before the public service commission as now constituted for ap Metaleralt Canam Metals.

make a profit on each gold shipment. Stfll Accumulating Gold. It had been hoped that the French demand for gold, if continued, would have been satisfied by demands from tije United States, but evidently these were rendered unlikely by the unfavorable movement of the exchange, and as France still desires to accumulate the metal it has once again used the sterling credits for drawing gold from London. The markets generally were rather mbdued compared to last week. "With inoney hopes not materializing prices have fallen back, with a noticeable slackening of investment demand bringing a general setback to gilt securities towards the end of the week.

Indian securities suffered a check tn their recovery, and there is a less confident trend discernible In the leading foreign bonds, noticeably Brazil and Australia, with the general tendency to be erratic while the fears of a new taxation or some fresh political disturbance of the Labor ment also continue to hang over the markets. British war loan stocks eased, with four per cent conversion loan exceptionally popular, there being ready fupport on fair reactions. Industrials particularly suffered from a slackening of public support. Minister of Unemployment J. II.

Thomas pronouncement this week of the big banks' derision to help industry would have encouraged a certain amount of speculative interest In shares of staple industries under other conditions, but iron, coal and steel shares moved uninterested'. Problem of Over Produrtion. The problem of overproduction and ilemand at present is worrying industrial leaders, and experts here also in April. If Fox fails to float his loan and if the receivership is granted any movement to remove him from control of his concerns will find him in a difficult position. 535,000,000 Campaign Under Way.

In motion picture circles here it is stated that the campaign to raise the needed $35,000,000 is already under way. Theater owners doing business with the Fox company, according to proval, and a simplification of capital structure is entailed' all along the line. Chain Co. Curtiss Fly DeForest When all the preliminary steps have Detroit Aire Dub Cp c. Fanste-1 Ford Mot Fourth NIc.

$103,962,700 in January last year for been completed, the three operating companies which remain will be directly under theteon'trol of the Niagara Will Meet Here Tomorrow Meeting of Victor distributors of the middle west and west coast and executives of the Victor division, RCA-Vic-tor will be held tomorrow at a corresponding date. Included in the calls for January were $17,000 in Sil after by emplov ursTM.a and the unit of tr'o nwOT hm manis. The fifty B-'nzXm traded on the Chicajr xvrttiaci. V. wvk had a market nhw Hudson Power corporation.

The project now being studied is in line ver Bow county, Montana, highway Fox Th A Gen Parts c. Ut Pf. bonds for Jan. 1, municipal water Grd Metal the Drake hotel. The meeting will be the Motion Picture News, are being urged to buy and may be given concessions if they do, snch as perhaps franchise rights to Fox Films and pre with the process of simplification carried out or projected in several utility works bonds of Dayton, Idaho, for a American automobiles.

The quota principle has been applied in one form or another in Poland, Czecho-Slovakia, and Austria. German manufacturers have for some time been insistently demanding centralized action throughout Europe in reducing to a definite number the importation of American cars. Individual countries undoubtedly will continue their efforts to limit Grand Var. Rail Lamp companies. similar date; paving bonds of Gallup, N.

for Jan. 20, and Seattle, Hambleton Cp. ferred rates for film rentals. Era Started Last June Hood local improvement bonds for dates ex ployes and others closely concerned Ind Pipe In describing the formation of the tending from Jan. 3 to 26, inclusive.

Int Rustl I C. with the prosperity of the company Prey. High. Low. Close, close.

6 5 6 5 2 2 2 3 9 9 9 8 41 41 41 4-1 9 9 9 9 6 4 5 4 3 3 3 4 8 8 8 8 6 6 6 6 3 0 4 3 6 6 6 6 10 10 10 10 10 10 10 10 10 10 10 10 36 36 36 36 6 6 7 7 7 7 75 75 75 74 7 7 7 7 7 7 7 7 14 14 14 14 55 66 65 65 29 29 29 29 40 40 40 40 2 1 1 1 30 30 30 30 5 6 5 6 97 87 97 9 10 10 10 10 28 27 28 27 9 9 9 8 25 25 25 25 18 18 18 18 13 13 13 13 6 5 6 5 C3 33 33 33 7. 72 72 72 17 17 17 17 3 3 3 3 11 11 11 11 62 62 62 62 97 87 97 97 11 11 11 11 62 62 62 62 29 28 29 28 24 34 34 34 18 18 18 18 17 16 17 16 60 60 60 60 34 34 34 33 A 20 20 20 20 32 32 32 32 14 14 14 15 68 58 53 68 also will be urged to buy, tbe same JohDoon Mot. Lib Bks com. Niagara Hudson Power corporation, Floyd L. Carlisle, chairman of the 100 200 100 100 lOO ISO 200 150 S.3O0 100 100 200 lOO 100 100 10O 50 250 150 50 150 100 150 150 100 lOO 200 100 400 60 100 300 150 100 150 soo 100 160 100 150 100 100 60 100 160 300 250 10O 100 200 100 100 76 100 100 60 10O New calls announced for future dates included various bonds of the publication says.

Ludlow Ty c. board, revealed that in June, 1929, McCord Mfg- c. Credit Consortium for Public Works at the close vra era-pared with 'a4 at tfe clost of the previous mek. accord tnft a compilation by La Co. Thl rap-resents a decr- or 27.9? p-" cent- Thu a-rtaJysis shows that twnty-ov Uisc stocks traded In Us' ear.

Tbe stocks had a market vnlue 5370.243.105 yesterday, compared with on Jan. 19, 1929, a decr-waa of 5218,003. or 16.96 per cent. RUBBER. TTW YORK.

Jan. 1 8. P) RTTrBSS-r. tures cloned steady; January, 15J0e; Marr. 15 fiOo; May, 10.

10c. Spot, smokad nbbed, addressed by R. A. Forbes, manager of Instrument sales, and A. A.

Brandt, assistant manager of instrument sales of the Victor division from Camder. N. J. R. E.

Kane, central district sales manager, will preside at the meeting. It will be the first gathering of the western Victor distributors since the unification of RCA-Victor. Wabash Plans Application on Bpnd Legality Matter IChieaso Tribune Press New York, Jan. 18. The Wabash Fox also is reported to be engaged in the enlistment of the aid of a man negotiations were started by com of Italy series A and 7s, due 1937 McWil Dr pfd.

Met Ic c. Nat Fam St p. panies for the purchase for cash par described as a wealthy Jewish phi to 1947, called at par for March 1 ticularly of the Buffalo, Niagara and Nehi Eastern Power corporation. $29,000 Hudson Valley Coke Products corporation, first 7s, due 1939, called at 110 for Feb. 14; $446,000 Kingdom According to reports in Wall street Nia A At Inc.

North am p. Otis El wi. Pickrel Walnt. at that time, interests representing the of Norway external 6s, due 1943, at 100 for Feb. 15, and the entire issue Associated Gas and Electric company and other utilities were reported to be Roosevelt Sec In of J.

F. Prettymari Sons first 6s, railway will make application to the seeking control of the Buffalo, Niagara due 1930-36, at 101 for March 15. SheaSer Pen orgue that if the world Is overstocked with such commodities as coal, copper. New York banking department to have and Eastern Power corporation. The A I 6 9o P.

its bonds declared legal for investment Iron, tin, coffee, sugar, tea, oil and South c. Ptd Oil Ind Sid Oil Kae Associated system had previously acquired the Rochester Central properties of E. L. Phillips in New York lanthropist. Fox himself has been interested in Jewish philanthropies in the days of his prosperity, and soma believe he will succeed in gaining financial support from those who have been associated with him in charities.

Theaters Are Prospering. While financial troubles are harassing Fox, his companies also are under fire from the federal government. The department of justice has brought suit charging violation of the antitrust laws in Fox's acquisition of Loew's, Inc. An answer to the government's complaint denying the charges has just been filed. While these troubles beset Fox and COTTON PRICES LOWER SUl Oil Ky American autos as much as possible; an increased tariff Is already being considered by some of the more despairing nations.

American manufacturers are at present, though, more concerned with combating the prevalent notion that automobiles will be sold for a song in 1930, on account of the Wall street disasters. They heartily discourage the prospective buyer's idea that a few weeks will see the slashing and quartering of prices. Extend Time on N. Y.State Railways Mortgage Bonds New York, Jan. IS.

Special. The committee representing the New York State Railways 50 year first consolidated mortgage bonds series A and announces that in order to comply with the requirements of the New York Stock exchange in connection with listing and to afford further oppor- tunity for bond holders to deposit, the time for deposit of the bonds has been extended to Feb. 18. by savings banks and fiduciary organizations, according to AVilliam H. Williams, chairman.

lie said that "the department had been notified of the intention of the company and that state and properties of the General A Stein com There is said to be an accumula Sundstr T. Gas and Electric corporation in this Sw Bear B. and neighboring states. the exhibits for presentation were Swift wi Temple com Thermo id com. For several years prior to that time, being coruoiled.

Air. Carlisle saia, more or less in Th Inv definite conversations were had be Transformer tween large stockholders of Buffalo Walgreen com, Total sales, 10.840 shares. shares. Niagara and Eastern, Mohawk. Hudson CHICAGO BOARD OF TRADE STOCKS and Northeastern, looking to a merger.

Young Is Executive Comm. Chairman of Radio Corp. his companies, the Fox theaters are enjoying great prosperity, according to motion picture trade papers. The Motion Picture News estimates the theaters in New York state are producing profits at a rate of between $3,000,000 and $3,500,000 a year, and one week recently turned In a net profit of $158,000. rubber the prospect of continued profits from Industry Is momentarily not the brightest.

In spite of a falling in prices and output most of the mentioned commodities continue to expand, a fact which is providing a serious problem for commodity markets generally. Kxperts point out the enormous amounts of capital, besides the vast organizations and plants at present engaged in the production of these commodities, and yet despite a universal demand for them the producers are finding it increasingly difficult to market their proluce at favorable prices. Ilestriction schemes and sales regulation schemes have been tried out with somewhat Indifferent success. Opinion of Leaders. The tin output restriction program I outstandingly stated to be making considerable progress.

More than 50 dredges In Malaya are reported to have suspended Sunday work indefinitely, and a similar number of gravel umps, mostly owned by Chinese, have shut down altogether. Restrictions are also being practiced in Bolivia nd Nigeria, but the price of the metal remains as depressed as ever and some ChicaSB Tribune Press Serviee-l New York, Jan. 18. Owen Prices moved within an extremely small range last week in the Chicago Board of Trade's securities market. The week ended with recessions in price shown by eight stocks and gains registered by three.

TVev. Sales. Hig-h- Low. Close, close. tion of March cotton in New York and it is selling nearly 50c a bale above the carrying charge into May.

Traders say this creates nervousness among shorts. Liverpool cables opened 3 points higher yesterday and closed 5 to 8 points lower, with spot sales 2,000 bales. Trade on the whole is bearish, but operators say that prices have no decided trend, so long as volume of business remains light. The government report on ginning is due Jan. 23, which will give ginnings to January 15.

Cotton yarn trade has improved slightly and prices are easy, but the aggregate volume of business is not heavy. New York reports the dry goods business as slightly better. Fall River sales for the week are estimated at 30,000 to 35,000 pieces. Weather conditions throughout the cotton belt are unfavorable for field work, but the cold is expected to kill a great many weevil. Scattered liquidation, with limitei Young, who recently resigned as chair CORPORATION EARNINGS man of the board of the Radio cor Allied Mills lnc 9o0 13- 13 13 134 poration, has been- named as chairman of the newly formed executive committee of the corporation.

Other CHICAGO BANK CLEARINGS 64 Armour cl A Armour cl 1.100 Comb Tr Shrs 300 members of the committee will include JOHN B. STETSON. Net profits lor the year ending1 Oct. 31. 1020.

amounv-d to $1,671,468, compared wiih in the preceding year. Surplus on Oct. SI last, was S9.007.735. DE HA VILLA XD AIRCRAFT. For fiscal year ending- Sept.

SO, 1929. net in effect, or the three companies. I was personally convinced that a sale of the Buffalo company was imminent," said Mr. Carlisle, and that if any consolidation of the three groups was to be made, it must be done quickly. Agree on Exchange Basis, "Active discussions were entered into, which led to an agreement between the large stockholding groups as to the basis of an exchange of shares.

The Niagara Hudson Power corporation was organized with an authorized issue of 45 million shares of stock. An offer to all stockholders was made after agreements of exchange between the large stockholding companies interested had been concluded. "Fifty million dollars in cash was realized from the sale of 2 million shares of common stock with war Gen. James G. Harbord.

who succeeded Mr. Young as chairman of the board; President Iavid Sarnoff, Gor income available tor dividends on its capital o's 3', 12H 16 10 3 35 9Vi 7 SO; 16 3 (Mi 5 2 11 16 9 8Vi 3 34 ti Bin 74 SO 16 39 69 27 11 16 9 Vi 3 344 f'4 7 204 16 394 3 12V4 16 10 8 3 31H 4 22 1 40 68 100 2O0 550 100 600 200 250 100 100 200 Inv Tr Shares Oscar Mayer Mid-C Co of A Min of Natl Rec Pump A Tr Bel Am Sqruare DA und A TT Cold Btoclt and after all taxes and charges, was S237.020. ag-ainst the previous year, an increase, of 14 7 per cent. This was Chicago bank clearings last week totaled $374,900,000, a decline of 000 from the preceding week and also a decrease of $232,000,000 from the corresDonding week in 1929.. Balances last week totaled $49,300,000, an increase of $7,800,000 over the previous week, but a decline of $4,100,000 from the same week last year.

The figures for the week, day by day with last three ciphers omitted follow: equivalent to 78 cents a share on the average of 305, J7ft one pound ordinary shares out standing durinj the period. 100 OO 09 Wm Wrifley Jr FINANCE CO. OF AMERICA. For year ended Dec. 31.

rross Total sales. 6.1 50 shares. buying, carried prices down and net after providing for los3es on doubtful ac counts, were This compares with losses in Chicago were 4 to 8 points, $451. S13 for the year 1928. Net income.

after ail expenses, interest, federal taxes and Clip Your Bond Coupons after an unusually narrow range in Chicago, while other markets were off 7 per cent preferred dividends, amounted to $150,711, equivalent to $1.48 a share 3 to 8 points. Spots in New York de WHAT EVERY INVESTOR SHOULD KNOW NOW There are times (like last fall) when the purchase of stocks represents too great a risk for the conservative investor. Once in every few years there comes a time, however, when carefully selected securities represent exceptional opportunities for the investor seeking: the greatest profit and income possibilities consistent vita reasonable safety. We are now confronting: an fa-vestment situation that is Mal for the far-sighted investor. And, strange to relate, there are millions of investors who spurn present security bargains but who will likely become excited purchasers at twice their present levels.

The number of attractive investments available even now is limited only to such companies where the outlook for current and prospective earnings is favorable. Thousands of satisfied subscriber! of The Financial World realize how much better equipped we are ts analyze the fundamentals that determine values, and therefore consider the $10 they pay for a yar'! subscription for our unbiased Threefold Investment Service as the most profitable investtaeal they could possibly make. Send For Our Next Issue FREE To familiarize yon wib he vahis of The Financial World to Inveor, we offer you our January 22nd Number Free if you return this "ad" with your address. Tbi is'sue features the following: "On Their Record" What Motor Stocks Are Attractive? Analyses of Undervalued, Copper Stocks Gillette-American Safety Razor New Construction Beneficiaries Back Dividend Preferred Stocks FinancialWorld America's Investment WMj Intl Cmndktr, PmbSitAtr Ektabluaed 1902 i Every Month on the outstanding common stock, as com time must elapse before it will prove whether the output can be curtailed drastically enough. Quite a few market leaders are of the opinion that tin will not become healthy on the market again until general business in the United States revives and America again becomes Hn eager buyer of the metal which i only regarded as a question of time, but means rather wearing waiting for tin shareholders.

pared with $113,093 or $1.13 per share for Balances. 5.900 7.900 8,700 7.400 10,400 $49,300 553.400 'Q and Get 89.300 104,300 91,200 102,700 97 OOO 90,400 rants to buy common stock in the future. The cash was to provide the operating companies with their requirements for capital expense and for other corporate purposes. Approximately 99 per cent of the shares of the three Constituent rnm nam'i the pre-edins year, an increase of 30 per Monday ucstiay Wednesday Thursday -Friday Saturday Total for week Cm--esrnnd. wk.

list yr clined 10 points to 17.35c. with sales of middlings 796 bales. New Orleans lost 5 points to 17c, sales 173 bales. Galveston was 17.40c, and Houston cent. After common stock dividends there don Abbott, Edward W.

Hardin, Andrew W. Robertson, James R. Sheffield, Frederick Strauss, and Gerard Swope. The board of directors of the C. A.

Communications, elected Gen. James G. Harbord chairman of the board of directors and Iavid Sarnoff was elected president of the company, which post was formerly filled by Gen. Harbord. Lease Iron Ore Premises in Great Lakes Region The llanna Iron Ore company of Cleveland, a subsidiary of the National Steel corporation, has leased a number of important ore properties In the great lakes steel region, o3-cials announce.

Among them are Braygordon areas on the Mesabi range, the Portsmouth and Meacham mines and the Huntington and Martin mines, the Cardiff mine in the Michigan district, and undeveloped ore lands formerly held in Michigan and Wisconsin by the Florence IrdlT company. was S.o available for surp'Tis. Total asset as of Dec. 31, amounted to $5,214,559 as compared with a year afro. INTEREST On Any Amount 17.35c, with sales 356 bales.

Prices follow: were deposited, and shares of the Niagara Hudson issued in exchange for CHICAGO MARKETS. Prev. Last WEEKLY AVERAGE PRICES them. PARIS BOURSE FIRMER LrVE STOCK. Averaee weekly prices at Chicapo for na Cloe.

close, year. 17.00 16.95 19.65 17.25 17.30 18.60 17.48 17.52 19.o9 17.62 17.70 19.62 17.62 17.70 19.24 Hieh. Low January March ....17.25 17.22 May 17.49 17.45 Juiy ......17.64 17.61 October ..17.62 17.60 Weekly Debits Decrease, Reserve Bank Reports Debits to Individual deposit account EFFECTIVE PLANT REHABILITATION MEANS IMMEDIATE PRODUCTION ECONOMIES! tive beef cattle, hoes, sheep and lambs, as compiled by the Drovers Journal: Cattle. Hoes. Sheep.

Lambs. Last .60 .35 $13.35 Prey, weeic lJ.Sa O.70 13.60 Cor. wk. "29 12. 4 0.10 8.10 16.30 Cor.

wk. 28... reported to the Federal Iteserve bank of Chicago for the week ended Jan. 15 by 256 banks ln 38 leading clearing house cities aggregate Last vear. 19.53 19.57 19.00 19.51 19.08 13.85 8.30, 0.35 12 90 10 35 12.03 6.75 12.55 9.70 11.75 8.25 15.50 8.10 10.45 9.10 18.10 Cor.

wk. '27 Cor. k. '20 Cor. wk.

NEW ORLEANS MARKET. Prev. Hijrh. Low. Close, close.

January ..16.91 16.88 16.91 16J4 March ....17.17 17.13 17.16 17.20 May 17.41 17.36 17.39 17.45 Juiy 17,54 17.51 17.53 17.59 October ...17.53 17.51 17.53 17.00 NEW YORK MARKET. Prev. High. Low. Close.

close. uw, a decrease of 23.7 per cent com INSURANCE STOCKS A 102.V2O pared with a week ago 70 $15 05 000. Compared with the corresponding week of last year $1,752,963,000 Quoted by Miller Investment January ..17,19 17.14 17.17' 17.20 From $100 Up Miller Cohen Junior Mortgage Cold Bonds are short term investments running for various periods op to 3 years. They are secured by selected Chicago real estate with a wide margin of security. Each Bond Certified and Title Guaranteed by Chicago Title Trust Co.

Miller Cohen Cold Bonds, widely distributed amonst careful investors since 1921. have won an enviable reputation ior Safety and Satisfaction. Buy Cold Bonds on Part-Payment Plan if You Desire Call at Our Office or Mail Coupon for Full Details. No Salesman Will Call. MILLER IS COHEN 1311 StHalsted Chicago 2 Please send me complete information on I Miller Cohen Junior Mortfaire Gold 1 I Bonds.

1311 S. Haiated Chicago. I Name Address. DESIGN CONSTRUCTION OF INDUSTRIAL PLANTS A CONSULTATION, ANALYSIS APPRAISALS and REPORTS ON INDUSTRIAL PROBLEMS Last year. 201i 20.22 20.23 l.e,-i a decrease of 17.S per cent was shown.

BY IlKMtV WALKS. Chicatco Tribooe I'rew rVVriee. PARIS, Jan. IS. According to the activity and volume of business, it is beginning to look as if the Baris market is at least regaining iu place in the sun.

The bourse this week maintained and evert acrc-ntuated the good dispositions of the last wtfk end sessions, and tho orientation of the market was excellent. Profit talcing weighed fwavfly on a few issues just the opening of the Morsday ses-ieon. but there was a fresh upward trend, showing that the market was till fundamentally strong. The volrme of business was extended throughout the week, and many buying ordT for French collieries, steel, thinking and real estate hares came from abroad, particularly Kermany. Tbe reduction of the bank rate In Berlin from 7 to 5 per cent, we'l as optimistic news from The Bid.

Ask. Aetna Cas. 155 ItiO Aetna Fire 5t? 685 AeUiaLifn. 93 86 Am IN-'k 1 20 0 March 17.35 17.29 May 17.56 17.48 July 17.71 17.64 October ...17.07 17 62 IWrmivr .17.77 17 17.31 17.3S 17.51 17-57 17.00 17.74 17.64 17.72 17.74 17S-! NEW YORK BANK STOCKS Am Rqict 24 27 Am SanrtylOa 108 Automobe. 40 43 Quotation by Otte Co.

Bid. Ask. HtdStBnw 67 Home 44 44 -MarykiCa 89 81 Mo Stale. 60 Nat 67 Nat Cn F.235 242 Nat Libty 15 i. New Bran.

28 3 North Hit. 63 5J Paojflc F1.115 13t rWptes 17 18 Phoenix 74 77 Pre Ae nw es 72 Pror-WashOOO lx aBuy or Sells Bait-Am 24 25 Bid. Ask. Boston .650 670 RV of Am 125 12 1-23 Securities Trader We can use an experienced trader in our Chicago office who is thoroughly versed in local unlisted stocks and bonds. In applying give complete outline of past experience.

Address 521, Tribune. Mi Manh.121 CORN NOW! Ba NYiT 66O Bid. As. Fidelity 47 48 Fifth Ave.2.800 3.0fO First Nat.5.2oO 5.2.10 Guar Tr. 678 6S1 Hani Na.

1.750 1,825 Interst 33 Irving Tr. 55 57 Hk of 65 133 Burs Trust Carolina 2J Conn Geo.134 Cont Aasur 69 Cotit 39 Firemen a. 32 Glens Falls 32 GlobARut 940 Gt Am 32 SESSIONS ENGINEERING CO. ENGINEERS 228-N. LA SALLE ST PHONE STATE 9696 Arehffrheror lower prices warranted hy tnef If interested eend today for sample Dmily Letter and reecopy of book "Hwto 'lYwimxik Gram and to Snnaic Tntlmo Httlm." Our Brain Tr.

31 13 74 40 34 34 9HO 34 23 53 63 St Paul 205 680 07 135 782 319 165 121 75 201 74 10j Mfrs Tr. 131 133 C-eut Hnrr Chase Nat Chat-Pb (Vm Nat lm Sun Life.2400 2600 ervlce forecast com! etc market moves. POWARO'S GRAIN SERVICE 315 163 118 73 198 71 105 Halifax 25 Travelers. 1435 1450 Nat N' Trust Ptib Natl, file GiTr Hague conference, contributed to the Is 213 251 118 147 215 255 12 152 New Tr 53-B Perk Place aaorer 62 i CI. 177 S.

La Sail. CWino. IA. 53 55 Corn Txr-h Krupire Tr Equit Tr. neglect trend of th market.

ii.