Evening Star Newspaper, October 31, 1921, Page 23

. Comtinental Trust shares at 100. | of the Natlonal City Company. / i . Richmond i | pending | auie ! bonds are lanceled with all coupons, | Freeport Texas. ; and $1,130,000 in cash. _ DURING OGTOBE FINANCIAL. — BUSINESS GAINS Air Reduction. $10,226,000 Gain in Local|in At Am Bank Bank Clearings Makes Qutlook Encouraging. BY L A. FREMING. Washington businesa is tairly atart- | AT Chicle Co. ©d on the road to prosperity. Good | am Gatton Ol pf times predictions are to be realised. | Am Druggists. .. November will marls & fuller realiza- | Am Hide & Lea. tion of the benefits that the city will n;“fl"“' enjoy in a business'wa: P October returns have been decidedly | Am International. imseed encouraging. AmL : .. | Am Linseed pf. This is the Story tol@ by the clear- | 171 s HooeC BIC ings of the local banks for the month | A Ragiator. of October, and they are unfailing us | Am Safety Rasor. a barometen. For the month of Sep- [ Am Ship & Com tember the daily clearings totaled | Am Smeltt 366,754.028.29. Am Smelting pf. October clearings, $76.380.874.68, | Am Steol Fay. Eain of practically $10.226.000, gives the full measure of the October en- couragement, a gain of over $35.000 a day for each of the twenty-six work- ing days in the mouth. Moreover, the last few days of the | Am Tel & Teleg. .. 108% month showed the greater gains, indi- [ Am Tobacco. 128 cation that the betterment |8 at hand. | Am Tobacco (B . . o Makes Appalutments. Am Wa Wo 7% pt. 5 Woolen Col. Thomas S. McAdams, president | £ Uoolen: of the American Bankers' Association. | anacenda has appointed the following as mem- | Assets Realan..... 14 Ters of the oxecutive council at las Asso Dry Goods.... 3t% P, "8 | Aasociated Ofl.... 1084 erey H. Johnaton, president of the | 4{¢3hC Chemical National Bank of New Yor! S John W. Staley, head of People's | Atchison p ate Bank of Detrait; George Wood- | Atlantic Fruit Co., ruff. president of the First National [Atlantic Gulf. of Joliet, 111, and Oscar Wells, presi- | Atlantic Gulf pf. dent of ‘the First National of Bir- | Atlantic Petrol... mimgham. ldwin Laco. Chairmen for the four commissions | Baldwin Loco of the American Bankers' Association | Balto & Ohlo. were appointed as follows: Cam- | Barnadall (B)-.~ e na mane. DN L 3 | Reth Steel (B). agrieultural, Joseph ch; economic | peth S1o0) gor ot . rs A. Traglor, and public re- | pooin Flaneries. rancis Sisson. Bklyn Union Gas.. 2% Am Car & Fdy.... l’: Local Securities. s sessibn of the local stock | Burns Bros.. exchange was not especially active, | Butte & Superior. but at the same time it was rather | Caddo Ofl interesting. For the first time in | Ganifornis Poks. several days bonds were neglected. | calfOTME BENRS" but the bid prices were near the top | CENOTHE B of recent transactions 3 by ashiogton Gas 71 per cent no . Pt il 1 Sl % | Ganadlan Pacific. . 113% Railway preferred was stronger at | Central Leather... 29% and Washington Gas a-whade firm. | Central Leather pt 62% er ar 48%. Lanston sold at 71% and | Cerro de Pasco 0% Chandler Motor. Ches & Ohio. Personal Mentio s iy Chi Great W pf. Harry Lymon Dunwoody, who b + Tepresented the Nx!lonllyc(ly Com- | Chi Mil & §t Paul. = pany locally for some time as a bond | Chi Mil & St P pt. salesman, left today for New York, | Chi & Northwn. where he will sell bonds in tha down- | Chi & Northwn pf. 101 town section under Eugene E. Ailes | Chi Pneu Tool..... 64 € Mr. | Chi RI& Pacifie;. 33% Dunwoody made many friends in|chiRI& P 6%pf.. 68 Washington during his stay here. |CniStPM&O yivania Earnings. ChiStPM&ODL.. T September's gross income of the Chile Copper. 124 Pennsylvania system was $55,713,922, | Chino Copper a_decrease in comparison with the | CCC & St Louls. &ross for the same mouth last year | Coca-Cola. 8, and yet the company show- | Cole Fuel 7.508_increase in net operat- | Czlumbia Gss. ue. With the gross indicated | Golumbia Grapb. the net returned was $27,625,704, while | Gojumbia Grpb pt- 15 last year the same month's operations | <O ML RO ggn returned a deficit in the net revenue | ComP e of $74,151,804. 7 (s ~|‘ N Equipment and upkeep of track and | Cons CI8aril-o way suffered. Commdes o i Frozen Credits. o Textil g The borrowing of the Richmond |Cont Can. Federal Reserve Bank and of the|cont Insural Dallas and Atlanta banks rom other | Corn Products. . anks in the system indicates that there are frozen credits of 1 Corn Productapt. . Wi sonable discount rates. the list with $15,956,000 borrowed, but | Cuba Cane Su pf. not far back of Atlanta.|Davidson Chem. Total borrowing within the system | Del & Hudson. is $43.787,000, compared with $247,- | Del Lack & Wstn.. 078,000 a year ago. Emerson-Brant pf. 18% Settle Old Suit. Endicott-Johnson. 69% J. S. Bache, chairman of the share- | Endicott-John pf. 1004 holders’ protective committee of the | Brie 2% Toledo, Bt. Louis and Southwestern, lstpt. announced the settlement of a long- | Famous Player: today. The entire | Famous Players p! 16,000,000 of the company’s A and B | Fisk Rubber. i e A and B bondsolders taking back 'ank Car. 4% 0% Chicugo and Alton stock Diedged | Gon ALphAlL.: " The share- | cO0 A 00nalt pf holders' committee is to turn over |Ge% ABPTE to the bondholders 10 per cent of the [ Gen CIEAY common and preferred stock of the | Gen Elec! Toledo, St. Louis and Western sys- | Gen Motors, tem. The settlement has been ap-|Gen Motorspf. proved. Gen Mot €% deb. Gen Mot 7% deb. S e Goodriech. - CURB STOCKS. Geodrich pt. Quotatieps furnished by W. B. Hibbs & Co | Gpanby Consol 13 p.m.~ | Great Northern p! Aetna Explesives Alljed i SuBER na Hoston and Wyoming. ¢ n lumet and Jerome rbon_Steel 1116| Inspiration. 2% | Interboro Metro 186 5814 | Interboro Met Pt «112 [ Intl Agr Chem 0 BT R ] Jewel Tes...... Jewel Tea pf. Jones Tes- .. Kansas City Sou Kansas C Sou pf. Kansas & GulfCo. 7 Kelly-Spring Tire. 42 :EE"G““. ated fi% AWANna pan o Gas. .48 Lehigh Valley.. Kay nty Ga: Lima Locomotivs Lake Torpedo Lone i i8S 1 Manh lnrllndroll. Martin-Parry. May Dept Stores.. 8% Moxican Pete. ... 108% Miami Copper. ... 2% Midldle States Oll. 1% Midvale Sta . 2% Mian &StL (... % Mo Kan & Tex. 1% Mo Pacific. Vall Merrite Il Midwest Oil Midwe ! et Natl Ble uit. Natl Biscuit pf. &S %% 5% 1m0 9 » © A% 10% B4 “ 2% wh ™% ot 8% & % »% 51 : 124% % 189% 6 % % 66% 4% 80 &1 A% 28% 2l 30 “h 5% 10% =% Ed 6710 101 54 2% 8 2% W% 106% 18% » e 9% 8% 3% k(3 19% kil 1% 19% n% 3 10% 2% 2% 4% THE EVENING NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Stee Qfice. Open. High. Low. Olose. . W W P 8K NA # Reading 1st ot. Reading 2d pf. Remington Ty! Rep Lron & Steel.. @i Rep Motar Truck. Royal Dutch. u Frpf.. %W StLeufaSouthwn. 3 $:5"2033rEeRRNE PTG LU I VL EPTTE S PRl S HP R L L P gt i Seahoard Alr Sears Roebuck. ... Seneca Copper. i el Tran. Stnclate O11. K Southern Rallway. l:fi n o s StandOllof N J. xs.x“ Stand OII N J pt... 1094 Stewart-Warner.. u% Stromberg Carb. .. Studebaker. < % Submarine Boat. .. Superior OMl. . . Temtor Corn (A).. Tenn Coppe “ Texas Company... 4% Texas & Pacific. Texas & P C & O Tol Prod. Tol St L & Westn. Tol St L & W pf. Trans Contl Oft [} Union Bag & Papr. & Union O1l. . < my LR T IR L DA TR L United Fruit United Retail U S Cast Ir Pipe... U S Cast Iron P p#. US Express. US Food Prod. ... 1% U S Indus Alcohot. U S Realty. US Rubber. . ® U S Rubber 15t pf, U 8 Steel. "\ & Utah Coppar. Utah Securities. Vanadium Corp... 33 Van Raalte st pf. Va-Car Chemn. Vivadou. Wabash. Wabash pf A Wabash pt B Western Ma. Weatern Pacifie... Western Pac pf... % Western Union. ... 84 2% 8 Westhouse E & M. 2 Wheeling & L B ‘White Motor. H 9% Y Y % 20% 2% ‘Wilson Company. . Willys-Overland. . Willys-Ovld pf.... ‘Woolworth. - 119 Worthington Pmp. 4% 360 800 Sp.a.. 579 400 D NOON PRICES. NEW YORK. October 31.—Liberty bonds at noon: 3%s, 92 firat 4s. bid; first 18, third victory Washington Stock Exchange. Washington Gas STI-ZLESM at 108. Wi hluf:mg Rallway and Electric pfd.—1 Culln‘::‘:r 'li‘l:l"l (o-lu'?‘]_.;. ) . Lanston Monotyy Money—Calt loans, 82 per cent. * BONDS. Bid and Asked Prices. BLIC Vl'llcl‘!‘!\m Tel. and ;::r o i 100. ric 5 Amesican Tel. and % Am.” 'TeL aad Tel, tr. Ba. . k American Tel. and Tel. conv. Gs. 101% Anacostia and Potomac 3. Anaccstia and Potomac gu Chesapeske and Fotomae 1 pital Traction R. K. 5s. City aud Saburban’ 5 Gevrgetown Gas st Se. Motcopolitan K. R. G Potomac Electric Light Potomac Electric cous. Ss. Potomac Electrie Powep Potomuc Biec. Fower G. M. Pot. EL-Pr. gen. & ref 78 (W.1.) Washington Gas 5 . doise 3% w2 Hesekt s Hitg gREE SHR MISH Rigga Realty 5o Rigge Resht " Wi g 4% R Capital . Uolumbia 2 Commercls District rmers American Security and Trusk. ntinental Trust % National Savings and ‘Frumi. Union Trust . Washington Loan aud Trust. BAVINGS BANK. Commerce and Saviug: East Wasblug TRUST COMPANY. ue Security § Seventls_Street Unlon Savings . £ FIRE INSURANGR, American S5 Arlingwa » LCorcoran_ « 18 Firemen's . 20 National Un 7 pTITLE INSURANGE. Columbla Tit} Heal Estate Title 9N - mlflwmxxon Columbia e com. - Grupho PAY. Moot Siorage Lnlh!::)u = Washington Market “Ex‘dividesd. —_— FOREIGN EXCHANGE. Selling checks—dollac values at noon today. STAR W% Mk L3 o 9. safys-usngugys. rpatasyanng. sos st 5030000050 B! truth in REALIZING SALES - IN STOCK MARKET =< Reeessions Are Not Impar- tant—Mexican 0d Sit- uation Puzzling. BY SRUART R, WEST. without any outside davelopments of importance over the week end the lot of realising, which after the firet hour or 8o checked the advance and breught about eome reactions. Be- yond the fact that after the advance tractiva profits had accumulated on apeculative purchases which seemed warth white converting into cash, there was nq algnificance to. the sell- nE. Reports from manufacturing cen- ters coming In over Sundey were gen- erally favorable. Thay tended to re- inforce the view that while recovery 18 proceeding slowly, it is at the same time sure. wall be given to the statements that the export trade hug at length joined in. This may not show so much in the Octoher figures, because both wheat and ceotton shipments have slowed up from what they were in midsummer. But there Is ground for anticipating sowe small gsin ever previous months in exports of menu- factures, to be followed by still more of an increase in November snd from then o, The professional judgment today was that the market was entitled to some reaction after the steady and fairly substantial advance last week. Mexiean OUl Susply. The vexed question of the future Mexioan oil supply was brought for- ward anew by the statement of a turaing from that Mght il reserves in that coumtry were dewn to 60,000,609 barrels. Hy March 1. he coatinued. Mexico would bave become an unimportant factor as & lght ofl producer, as the greater part of the light oll fleld had cither beon destroy- or was threatened with destruc- tion from salt water. Whether this was an unprejudiced viey any more than the reassuring g‘utomo-tl“uuh&onl at latervals by w the Mexican oil shares, except on the that there is 3 good deal of the pieture of an uncertain autlook for mew production in Mexico. Mexican Oil had rather sharp break and there was more or less Studebaker doclared the regula out with an excel- immediate good ef- fect so far as the stock was concern- ed, was evidently anticipated by the recent advance. The Pierce-Ar- row shares felt the ence of realia- ing sales more than any of the other motors. Advance Checked. The rise was checked for the time being in the stesls and most of the equipment. Railway shares refiected te some extent the | over the posaibility of a long delay in cStaining permission for a further re- duction in Wages. ASected by Londen. Royal Duteh and Shell Transport are stocks whioh are much more respon- sive to conditions in London than to conditions here. They weat down and continued soft a week ago while American ofl prices were being ad- vanced and the American oil shares were moving vigorously upward, This was because liquidation was in progress in the London market erally, due to the unsettled political and ecenomic poaition abroad. This Hquidation has new, at least tempo- rarily, ceased. ® ovar-Sunday cables told of some recovery on the London Stock ex- change along with a feeling that this recovery would continue. With the London’ pressure removed the cbance was given the Royal Dutch isaues to swing into line with the other oll The reported acquisition by Royal Dutch of the Union Oil of Delaware was discussed as a further reason for the advance. Baldwin Locomotive. Although Baldwin Locomotive moved with the general list and sold off when others were easing, the main bull position on the atogk was atrengthened by the interview with the president 9f the company, which appeared over Sunday. Mr. Vauelain described the Baldwin business as on the mead, with plenty of orders on hand and in sight. Of the centracts on the baoks. 60 per cent originated abread. Of the foreign businesa, the sident sald that all one had t o was to go after it and it was there. CANADA WHEAT TO BOMBAY. BALTIMORE. October 31.—The first carge of grain ever shipped threygh his port for Bombay, It mot the first ever shipped from the United States to that port, is being loaded in the British steamship Stroma at the ele- vaters of the Western Maryland Rail- way, Port Covington. It compeises 206,000 kushels of No. 1 Maniteba wheat, gon- ————————— FOREIGN BONDS. Quatations furnisbed by W. B. Hibbs & Ce. 87 Heitin Bet o o1 & Belgian Prow. 30, 7 U. 8. TREASURY CERTIFICATES. (Reported by Redmond & Co.) Rate—Maturity. “December 15, 1971 71y 1922, 'mbe! 5 ol 16,3 s%:lm :5-‘ X :u.&fi?—ur 3, . 100 e temben 16, 10 W Bid. . 1003-16 OIL STOCKS. Quotations furnished by W. B. Hibta & Co. Noen priee: Bid. Jaked. Anglp-American Oil Co. (mew).. 18% 18% Borne-Bcrymser _C0:....... 32 el mongh: Magmtach A:vlmmn'fl 0il Co. NEW YOBK. Qeateher 3t—Without|(eatral any change In financial seatimeat or (i stock mariket today had to take a|Ch last week aof three to. Gve points at-|Gaseral rticular attention may \m Prominent Amerioun 0il operatar re- | 50al Mexico misgivings felt| WASHINGTON, D. €, MONDAY, OCTOBER 81, 1921 TODAY’S BOND PRICES Neoa Teported to oyer di t o e W i eten: wi by Hadomoad & Cor French Gove“rmuut'l; 1945. 100 eamant Tn 104 2 Tiadem: ot helgjum Tige. s American ¥ L Agmour Atchison, Atlaatic’ Ce n. Atiantic Rem . 8! Atlan Powder Co. 1% timore and Oblo conv. 4% Baltimors and Olo 6a.. Onle 8. W.' Dix.’ 3%t refd. B (N. PG, | Capadiag Nu.-C; Not. Backard Motor Car Co, Beausylvasia Ou 198 Penusylvaniy K. R. 8id: ania Ts of Grain, Produce GRAIN AND PROVISIONS. BALTIMORE, October 3t (8pecial). —Potatoes, new, 150 pounds, 3.00a3.50; No. 2, 1.50a2.0¢ 00 pounds, 1.75a2.25 No. 2, 7541.00; sweets and yams, bar- rel, 2.25a3.50;°No. 2, 1.60al.50; busbel, .00. Beans, bushel, 1.25al.75. Beets, bunch, 3a4. Brocoli, bushel, 25a. 30. Brussel sprouts, quart, 15a20. Cabbage, ton, 25.00u35.00. bunch, 3.0044.00. Caulifiower, 3.00a6.00. Celery, dozen, 35a 2.50a5.00, Cucwnbers, crate, 3. Eggplants, crate, 3.00a4.00. radish, bushel, 4,90a4.50. bushel, 20a1.00. Lima beans, bushel, 2.26a2.50. On- ions, 100 pounds. Oyster plants, bunch, 4ai. 75a86. Peas, pers, crate. 5a10. Savoy cabbage, bushel Spinach, bushel, 70a50. Squas! 2.50a3.00. Tomatoes, basket, Turaips, basket. 70a75. Apples, packed, barrel, 6.00a8.00 No. {2, 4.00a5.00; bushel, 1.30a2.50; box ap- plea, 2.23a3. barrel, crate, | 024.00. Horse- Lettuce, D .5023.00. Pumpkins, cach, 60at , crate, 60a1.00. box, 2.56a3.50. Oranges, box, 5.00. Dles, crate, 4.00a6.50. Selling Prices at Noon. Wheat—No. 1 red winter, spot. no quotations; No. 2 red winter, spot, . 1.08%; No. 2 red winter, cob corn is 0 per bbl. for de- pEre. Contract corn, spot, 5335 nominal; track corn, yellow, No. 2 or better, domestic, 63a64. Sales—None. hite, No. 2, No. 3, 41% and 42% Rye—Bag lots of nearby rye, as to quality, 30a80. per bushel; No. 2 west- ern export, spot, 87% per bushel; No. 2. no quotation. Hay—Receipts, 30 tons; still 16.00a21.00 per ton, little demand. | Straw—No.'1 straight rye, nominal; No. 2 -straight rye. mominal; No. iI- wheat, 13.007 No. 1 oal, 14.50a15.00. CHICAGO, October 31.—E: tance of a decrease in the United States visible supply total! was a leading bullish factor in the wheat market today, but ll’:g 45 per bushel; range is with very Kansas City reported consigaments in- creasing and milling demand siow. On | the other hand, scarcity of red winter wheat here continued to attract atten- tion. Opening i which varied from % off to 4 nce, with-Decem- ber 108 to 1.08)% and May 112% to 113, were followed by slight general gains, although a temporary sag in- tervened. Corn and coats were relatively easy owing to lack of aggressive support, Corn opened unchanged, lower to % higher, May 53%a54, and then dectined all around to below Saturday's finish. i Oats started ynchanged to % higher. | ), May 38 to 38%, and later weakened like corn. Higher ‘\‘mminm on hogs gave something of a lift to provisions. NEW YORK. Ootober 3 Quict: spring patents. T.00a1.5 chears, .75; soft. winter a1 5.76a6.00; hard winter straigh - Buckwhear—Barley, mitling, 1.63a1.65 per 100 pounda, Pork—Quiet; mess, 25.00325.25; fam- 1y, 00833,00. Lard—Firm; middle west, 10.50a10.60. DAIRY MARKETS. BALTIMORE. October 31 (Special). __Chickens—Alive, springers, ;pound, 22; poor and white leghorss, 18a30; old hons, 21324; amall and white leg- herns, 18a20; old roosters, 15als; dueka. 20a27. geesd. 25a%8: turkeys pigeons, palr, 35a40; guinea towk each, 40a75. Eags—Loss off: native and nearby firgts, dozen, 53a55; southern, Butter—Creamery, -fancy. pound, 43a50; prints, 49a31; nearby cream: ery, 45a46; ladles, 30a32: rells, 2723 store- packed, 27; dairy prints, 28230; pracess buttey, 33a37. NEW YORK, October §1.—Butter— Unssttled; receipts, 4,803 package: creamery. higher than extras, 481ad! ercamery extras (32 segre), 474ad8 creamery firsts (33 to 91 score), 38%a | 8% ”“"‘2& stock, currest make, No. 2, 29%a 5s—Weaker; receipts. $.430 cases; | t gathered extra_ firsts, 59a63: ! fresk gathered firsts, 53a57; New Jer~ sey hennery, whites, extra fancy. candled selections, 95; nearby and nogvby western henmery. whiles, firsty to average extras, 1§ browns, extras 68ai2; nearby gath- browns and mixed colors, firsts al | 0% to extras, 54a66; refrigerator, marks, fancy, 38a39; do., firsts, 36a37. Cheeso — Steady — Receipts, 2,086 boxes; state, whole milk, Sats, freeh, v!oeh.u\ 22%a23%: do., average run, 33; state, whele milk, 32%; do., avcrage run, 3! —————— COTTON MARKET. NEW YORK, Octeber/31.—The cot- ten market opened firm at an ad- vanee of 17 to 30 points on higher Liverpool cables, with December sell- ing at 18.95 and January at 18.88 dur- tag the first few minutes. There were gome Liverpool buying orders here at the opening. Wall street was also s buyer, but the advance met in- creased offerings partly from New Orleans. g Futures opened firm: December, 1298; January, 18.8%: March, 18.70; May, 18.30; July, 17.95 JLAVERPOOL, October 31.—Cotton— ¥ Der b, 3 ber b, 23a25; hens, per Carrots, | 24 |upinach. Pears, bushel, 1.26a4.00. Pin€ap- g 290; do., | PO Seaboard Aair Ling Gs.. Beaboard Air refag. 4». Seaboard Air Line ad). s, Rinclair Cons. Oil Corp. 7 Sout Pacific 1st ref. : 3 gRaRssatanzeryzzen ‘Western Union 6%s 1936.. Co. ¥ 3 SHORT-VERM SECURITIES. (Beported by Bedmond & Co.) Amesican 7 2. 09 1396 oy Tel. & Tel. s 1 - At Tol. & Tei. fa 04 % o8 @Y 2 Nwift & Co. Tn wift & Co. 7 Texas Co. iughouse 1. & M, Ts 193] and Live Stock LOCAL WHOLESALE MARKET. Egge—Strictly fresh, per doz., 57a38; Average receipts, 56. Live poultry—Roosters, per Ib., 18, turkey 30a33; chickens, spring, b., 2£a23; keats, young, each, GV Dressed poultry—Fresh killed spring chickens, per 1b., 23a30; hens, per 1b., 22; turkeys, per Tork—Dressed, small, per 1b., Live stock—Calves, choice, per 10, 12812%; lambs, choice, per lb., 8%a%; hogs, per lb., 8i. 02.00; por Wesiern, lemons, oranges, .00a4. bushel basket, 2. } California ifornta ! grapefruit, per box, Der crate, new, nearby, per York, per crate, 7bal doz., 75a1.00; romaine lett: cymblings, per r .00 cucumbers, 5. per orate, 3.0004.90 tomatoes, box, 2.00a6 be 1.76a2.50 per basket; lima beans, $0ad Der quart; sprouts, 20a25 per quart. CHICAGO LIVE STOCK MARKET. CHICAGO, October 31.—(U. reau Of Markets).—Cattle—Receipts, 25,000 head; beef steers and buicher she stock, slow: early sales around 15 to 25 lower than Friday; bulk beef steers, 5.75a9.25; canners, calves and stockers, steady; bulls, steady to weak. Hogs—Receipts, 27,000 head; 25 to 40 higher than Saturday’s average; big packers out of early trade; top, 8.05 light lights, up to &25; bulk, 7. pigs, strong; bulk, around 8.23. Sheep—Receipts, 15,000 head; lambs, steady to 25 higher; steady: feeders, fiem; fat native lambs, top, early, 9.00, with light sorting city butchers, 9.35; best wesierns, 9.00. BONDS WERE FIRM: NEW YORK, Octpber 31.—The bond | irregular | market todey was more than that of Fridby or Saturday. but remained for the/greater part of the; Hst quite buoyant. There were the usual number of ndividual issues breaking into new high ground for the year. Among these were Goodyear 85, Géneral Elec. tric 3s, Chile Copper 6 n Telephone and ;Telegraph 5s, Sinclair il Armour i%s and Mercan- tile marine 68 Among the 1s, Union Southern Pacific convertible 4s and Atchison General 45 among the rails, nited Kingdom 5%s of both 1938 and 1937 in the foreign government group and Hudson.& Manbattan re- funding, 55 among the tractions. That the demand for new issues favors those of longer maturity was demonstrated again Im the response to the offsring this morning of $1. 639,000 City of Philadelphia municipal improvement bends. The _interest ' fat, 'bunknr. ‘The sand flew up, but 101% ; 12a13. & Green fruits—Apple: r bbl, 4.00a 3 mt 2.00a: 2:':;] No. 1. i 4.00. S. Bu-| Qus- | Pacific convertible 4s,1 FINANCIAL. From Bad to Worse. From the London Weekly Telegraph. The two miners had never scen golf played before. They stood watching a unskillful player at work in a remained. Seven agonizing shots had | been played. The player stopped for breath, and then made his elghth at- tempt, The ball was lobbed up, droppe on the green, and, rolling gently to the in the hole. Bill,"" said ope miner.to the pin, settled “Bag ‘He's got a devil of a job on An Exhaustive Analysis of Pacific Oil #l _1s contained in our recent Securities and Commoditles |§ Review. Free upon request, MEMBERS: Nuw York Stock Exehange Now York Cottan Exchange New York Produce Exchange NY. Coftec and Sugur Exchange Chicago Board of Trade bers of WOODWARD BUILDING T home Main 2040 CHARLES R. ALLEY, Mgr. LOANS ON LIB.EAI‘!TY BONDS i Your Savings in Our . Safeguarded 0 National Capital First Mortgages (8% authorized hy_Act of Cobgress) Safety snd Prompt Payment of Principal and krterest Assured H The full strength of our reputation for safety is be- hind our investments. » +Our 8% First Mortgages possess the same wide mar- gin of safety that has char- acterized our investments for almost half a century. Unusual demands for in- vestment capital to finance necessary building construc- tion enabled us to get 8% for our clients. However, the present oppor- tunity to secure safe First. Mortgages of this high char- acter at 8% interest will not be available indefinitely. NOW is the time to safely invest your funds at 8% over a period of years when rein- vestments must be made at a less attractive yield. Call or send for’ list of at- tractive offerings and book- let. THE F. H. SMITH COMPANY i Founded 1878 {| 815 Fifteenth Street i} 48 YEARS WITHOLT LOSS 70 ANY INVESTOR the ball | § i Money to Loan | Becured by first dead of trust op real estate. Joseph I, Weller 4hvons: Lo dymroes | §5,000 Life Policy, $57.35 Age 40 Send date of birth for, Mustration Established 1365. Asgets over- M LE ROX Gfu"' Insaraace Adviser rate on thia jsque was 5% per centi| poop g10 Woodward Bulding. M. 340 but it was put out in two sections, one | other | $8,804.000, to yield about 4.38 » cent; the 93,855,000, due 1938, offered to yiewd | about 4.80 per cent. The lomg-term bonds were promptly taken, while at a late hour this afternoon the shorter- term portion had not been disposed of. The $2,700,000 county of Dallas, Tex. 5% per cent road-district bonds wer readily absorbed. but only about 25 per cent of the $5,000,000 state of Cali- fornja. 5. per. oent highway bonds had gone up 4o 3 o'clock 5 were steady with no change of* consequence. H Foreign Bonds Easler. Outsgide. of: the, bonds and the Swedish s, the foreign movernment- list. was gemerally off ;} trifle. 4 Reading 4s were up & point and Seaboard Air, Line refunding 5s ene and a balf points. . * ) uba Cane Sugar 7s had another sharp run-up.on thg formal announce- ment that enough Donds Had 'been de- sited to make 'the new financial plan operative. - Tel;&’hun 7s held around. their high up a peint and Baltimore. and -Ohio gold 4s & half point. - The Burlington collsterals sold ,axsmz againstthals igh of 105 4 - sharp- Dok of therenctian subgosting 1hat the_cove: interest ha with the latest j REVIEW OF TRADE. NEW YORK, Octobes 31.—Brad- street's review of trade says: “Pending final- action by the Rail- road Labor Beard and the unions on the announced intention of some, not all, of the rajlway employes to go on strilkke aml disorganize transporta- tion, the rest of the country this week went about its business with rather surprisingly little hesitation, and, it must be noted, with a good deal of confidence expressed that the threatened tie<up would not occur even if the strike did. This confi- “United Kinudom' ‘Northwestera Bell | New York Central 7a were | | SAFETY —not only a promise, but an established fact whea you invest in FIRST TRUST NOTES | INTEREST - B —in your mail the day it i due. SHANNON & LUCHS of a long-standing short had a good deal to do* Qfen until 5:30 p.m. today EVERY WAGE EARNER SHOULD SAVE o matter vt your income may be, some part of it. Join the Equita- ble and save systematically. - Subscriptions for the 81st Issue of Stock Being Recelved Shares, $2.50 Per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F 5t. N.W. JOHN JOY EDSON, FRANK P. REESIDI —without the loss of a xingle penny in either principal or interest is only one of the inany reasons for imvestors to buy good 7 Gilt-Edge First Mortgage Loans Investment Better, Few As Gool Send for full détzils, Certi- fied titles and insurance p icies furnished with nots Conservative, courteous con: sideration to all our clients. Notes from $250 up to $10,000 Now on Hand Chas. D. Sager Loan Dept. M 36 ish money in nimost any amount firnt clans building loaps fn D. C. Consult our Loam Dept. at onee. B SHANNON & LUCHS 35 . 713 14th St. Quarter of a Century Withcut a Loss Putting your money to work where it will do the most good is the surest way to hasten prosperity. Helping to relieve the pres- sure for living accommo- dations Washington— helping to erect new build- ings—is perhaps the very best way you can get into the game, and you do so by lending your money at 7% First Mortgages. B. F. SAUL CO. Mortgage Loans 1412 Eye St N.W. in I Any Sum Our connections locally and in other cities enable us to fur- nish money in any amount for Washington Real Estate En- terp . Stone & Fairfax 1342 N. Y. Ave. Main SALESMAN DESIRED To Distribute a High-Class Security Local Corporation Liberal Commission Address Box 32—K Star Ofice tomorrow Procrastination —in the matter of opening a bank account has kept many men and women poor. o % Budapest Crescent Pipe Line B Wkl Cumberland Pipe Line Copenhagen Christiania . Stockholm | Amsterdam 8pot, fair inquiry; prices easy; good|dence has been borne out by events, ling, 12.94; fully middling, 12.48;| the strike having been called off. ing, 12. low middling. ‘kr:fululmrh.vq beea viaible, “ordinary, 9.59; ordimary, $.15.[ som them due to strike talk, but 7,000 bales, 'including 5,900 | more of tiem growing out of vary- Amarican. Receipts, 2.000 bales, mo{ing weather . _seasonal American. Futures closgd Tuez- Neo- M‘fu‘mdlc- vember, 12.08; December, 11.98; rtes ting uary, 11.83; Magoh, 11. .gtaples and un- i {Our Savings Dept. will be | open until 5:30 p.m. today and [§ | tomorrow, SO your success | fund can be started with- o35 13e0; out inconvenience or loss = 923), 10.60 = e lxluton Ozgnanhl'n's'.“()le‘tober, 12‘.’:0 both, of time from office. ONE DOLLAR is leading i i ‘ b4 X ; 5. emough to begin an account at Wash- DS DECL! | B s e fngion's OLDEST National Bank. | Rl & North America pf. 6% Northern fl;|fl0l g Y 20 | Nova Scotia Steel. % s Pl 100 | Oklahoma 2% u 10.89: 8% | gpecial Dispateh to The Btar. NEW YQRK, Qetober 31.—Foreign exchange, irreguier; Great Britain, demand, 3.92%; cables, 3.93%; sixty- bills on , 3.89%. France, de- cables, 7.373%. Italy, de- t) ; cables, 4.08%. Belgium, |Sout 17; cables, 7.17%. Germany, .55%; cables, .56. cables, 34.09. G ‘i:lk ican Peansylvania-Mex! d Gas C 9 Prairle Oll and Gas Co. 3% | Pan-Am Pete (B). 9% | Panhandl 44% | Pennsylvanta.. % Penn Seabd Steel. . G 53! *® BAR SILVER QUOTATIONS, NEW YORK. October 31—Foreign | Pere Marqu bar silver, 70%; Mexican dollars, | Pere Mrq prior pf. S4%4. October 31.—Bar sil demand, demand, 34.03 and coal. demand, 12.70. etail distribution has been very gular, but probably slightly above of the week and INDON, ith ui 40%d per ounce; money, 1 Discount rates—Short billg, three-month bills, 83 per EEERTETE PRI T I J T8 1 P e 8 1 4 i5 Argentioe, de: Bl ansh demae, T34