St. Louis Post-Dispatch
July 28, 1930

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eaters re you want” er Jack that you more you want.” y arms and quick matter how much petite for dinner. AIR CORPS cage. Ilinets : C-7-21-388 ‘ached are two Sailet ings? eerereveoset? error, ye NO. 325. a } ‘ST. LOUIS, MONDAY, JULY 28, 1930.30 PAGES. WALL STREET | TOCKS MAKE PROGRESS IN SPOTS; BEARS ARE ACTIVE Utilities and Some of the Coppers and Specialties Are Prominent Among Shares That Show Im-| provement, DROP IN WARNER IS A FEATURE While Several Shares Close 1 to 4 Points Higher There Are Almost as Many Losses Running From 1 to 7 Points. e Associated Press. NEW YORK, July 28.—The up- ovement in stocks encoun- roublesome obstacles at the z of the new week, and e to make progress only in notably the utilities and of the coppers and special- BANKER PREFERS FRENCH PRISON TO FOREIGN LEGION Paris Diplomat Who Enlisted to, Escape Now Wants to Be Tried. Special Cable of the Post-Dispatch and New York World. (Copyright. 1930. by Press and Pulitzer ishing N Y mad ient-Dna teh} _— PARIS, July 28.—When Laureno Carlos de Vallanueva walked into the recruiting station of the Span- ish Foreign Legion in Madrid, July 11, and became private Alesandro Avial, he felt a sensation of relief. As Private Avial he n not an- swer accusations brought against Senor de Villiaueva for embezzling $500,000, deposited by his society friends with ‘the Paris branch of the National City Bank. He was desperate when he en- listed in the Spanish Foreign Le- gion, he explained. But now. through friends, he is pleading that his hasty enlistment be set aside, and that he be allowed to come back to Paris to face the charges. Even a French prison seems pre- ferable to the harsh discipline and hardships in the Foreign Legion in a small village of the Riff, near Ceuta, where his friends. De Mont- brisson and Couturier found him. The young man about town, polo player and sportsman, accustomed to a life of luxury in Paris, they found was already nearly broken by the strain of living under con- ditions which he never thought of before. So powerful influences are being set to work to obtain his re- lease. It is not certain, however, that they will succeed. Diplomatic formalities will have to be gone through. For above all there is the fear of both the French and Spanish authorities of setting a precedent by appearing to break faith with the,soldiers of their For- eign Legions, which would have a sears found several soft spots ' | went far toward unsettling the market, and hopes that the day i result in a breaking through of the resistance levels encountered y the rally on July 18 were dis- appointed. Sales exceeded 2,400,000 snares webs Oe | ; ; News of the Day. ‘ews of the day and the week- | failed to present any pal- able evidence of the expected at- n improvement in business, but ut of the rather gloomy flood of earnings statements appeared a ratifying number of bright spots. score of first half appearing over. the , about half of the indi- vidual companies showed gains ver last year, although the aggre- ate earnings of all companies so 0 gate far reporting shows a loss from the like period of last year considera- n excess of 20 per cent, and it 9 per cent from the like pe- “ > atly indications are that steel ill Operations this week are little ore than holding their own. From the Youngstown area came an estimate indicating that opera- tens had been reduced from 6¢ o8 per cent of capacity. Re- representatives of some the industries, which have suf- ered in the current ,¢ces- | were gratifying. George Washington Hill, president of merican Tobacco, told stockhold- t 1930 earnings promise to ed for the first time those of the original company dissolved under anti-trust proceedings in 1911 The manager of Beatrice Creamery announced that earnings had expanded each succssive Month this year, Ambitious for- eign expansion plans for American Can and Procter & Gamole were disclosed. Farm Implements; turned upward. While several shares closed 1 tc ‘s higher, there were almost Ny losses, running from 1 to ‘he bull movement was , ied to the utilities, for those “UPS were not so thoroughly ex. ited as the industrials last week, a OF dently harbored large short ’ ‘Sts. Coppers were helped by og "'s of large sales at the 11- Nr) ice, ris trom ieast 4 Pow as In Drop in Warner. op to new low ground by r Bros. was unsettling for ‘tock was one of the leaders March-April ddvance. “iderable of the selling was ‘Oly Dased upon the an- “ment that the directors’ "& would be postponcd for “eek, but it developz4d that /ostponement was due to the © in Europe of Garry Wer- dr irner Bros. stock dropped | » Points to a new low under one closed off 4. Another weak Si was Safeway Stores, which | “the ‘ed 10 aid closed off 7. _S-America was also under a eure, losing more than 27. U. 8. oe cot up to 170 at one time, -. “a8 under pressure most of the “Y and closed of7 15%. 4 ““newed heaviness in commodi- “as also unsettling to stocks "eat futures lost 1% to 1% cents bushel, Reflécting an increase : ae Visible supply of 14,000,000 ..... ‘% and better weather. Corn’ toy 1 1% to 2% cents in profit- ae ‘ a a — = a "ae ne Cia eee, . — * “—_—a_ own = Oe » : a aly ay ae ~ “=> , > men »~& _— a iin | . i wee Y —— - iat a! 4 —- | Oy ete Reel i — e a" _e « © ei es ’ ae ee +e. oe *~ : ge mane % we ope ote we 4 . “«* we v~ « « —