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Call Money
Time Money Market unchanged 60-90 days 4-5-6 per cent Commercial Paper Market unchanged Prime names 2% per cent Other good names. 3½ per cent Prime Bankers' Acceptances
NATIONAL BISCUIT SEEKS WHEATSWORTH
Acquisition Would Increase Flour and Biscuit Output
B, The United Press NEW YORK The negotiations for the purchase Whea of and whole flour. by the National Biscuit Company were reported Acquisition of Wheatsworth Inc b Biscuit would the latter rease in output of both flour and biscuits and add to new companies that National absorbed The most important was the Pacific Coast Biscuit ompany which financed through 140,000 shares of National In the first six months of 1930 W Inc reported net in$184.205 compared with the period last year Since net income the com pany from $105,000 to a high level $410,000 in 1928 Last income $385,000 The compan has 121.000 outstanding shares of common and small issue o per cent cumulative preferred stock Common stock been paying quarterly dividends of 25
MONEY MARKET
Call money easy in tone toalthough demand loans were the outside market the official charge held at the renewal per cent Time money was dull and unchanged per cent for up to 90 and per cent for longer
New York per OZ. changed unchanged
FOREIGN EXCHANGE
The United Press Sales High SHOWS PROFIT High First Year Without a Deficit Since 1929 The Pittsburgh Brewing Company and subsidiary for the fiscal year ended Oct 31 1930. reports net profit of $36 488 the first year in which a profit has been shown since 1919 This compares with net loss of $45,521 in previous year Net income this year IS equal to 30 cents share on 122,002 shares of ferred stock outstanding accumulated dividends on which Dec 1. 1930 will amount to $35.87 per share According to officials of the company the gain in earnings is largely due to the increased net profits shown by the Tech Food Products Company a subsidiary of the brewing Net income of the sub$183 449 despite slight drop in the volume of business Cu rent assets as of Oct 31 totaled 625 of which nearly $150,000 was cash Current liabilities amounted to only $105.918 The ba also showed decline in fur debt This amounted to 000. compared with $2,550.000 year ago BONDS TENNESSEE BANKS COMPLETE MERGER KNOXVILLE The East TennesNational the City National and the East Tennessee Savings Banks were merged today into the East Tennessee National Bank The total resources are more than $32,000,000 S. Carter president of the East Tennessee National became president of the consolidated bank Cow an Rodgers president of City Na. tional becomes one of four vice The merger came two days after closing of the Holston-Union National Bank Both the remaining two national banks were subjected to heavy runs on Wednesday the day of the Holston Union failure was announced. but their currency on hand was more than ample. Livestock Rediscount Rate Rediscount at New Bar Silver Bank Chicago Grain Market STOCK PRICE INDEXES 8050 YORK BANK CLEARINGS Pittsburgh Exchanges $38,756,823.25 Balances 21,956,971.66 Exchanges week ago 32,893,806.77 Balances week ago Exchanges year ago 39,272,125.05 BOND PRICE INDEXES Balances year ago 17,717,182.77 New York Exchanges Balances Credit balance Treasury Balance $114,713,007.60 Custom receipts Expenditures 14,834,974.27 103 90.4
