Evening Star Newspaper, November 10, 1924, Page 22

FINANCIAL. WALL STREET LIST N HUGE TURNOVER Very Uneven Price Movement as Many Traders Hasten to Take Profits. BY STUART P. WEST. 1 Dispateh to The Star. SW YORK. November was another huge turnover on the Stock Exchange today. By noon transactions had passed the million- share mark and there was no letup in the later trading. This tremendous business was accompanied by a very uneven price movement. Wall Street pools and other professional inter- €sts were taking down profits on a Jarge scale and their offerings in parts of the list were sufliiclent to balance the rush of outside buyers. In other directions prices moved forward Much Switching to Ofls. There was much switching from the rails into the oils. The latter de- veloped increasing signs of leadership as the session went on. Producers and Refiners went up the easiest of any, but it was closely followed by Tacitiey O11, Gencral Asphalt. Texas Company, which had sold Saturday at 42!z, got above 43. In the higher-priced mem- bers of the group, like Tidewater and Atlantic Refining, the upward jump was sharper. Large blocks of Stand- ard Oll, New Jersey, were taken on an advznce of two points. Pure OIl Wi unusually active, responding to favorable Wall Street reports regard- ing the affairs of the company. Skel- ley sold above 23. Sinclair was heav- ily dealt in as it cross-d 18, and there was a good deal more doing in Simms Petroleum, Invincible and Shell Union ‘Transport Rallway Moves Mixed. The ratlway share movement very much mixed, but for the most part it was to be said that these stocks were for sale whenever they drew around their high prices. Early jn the day, St. Louis-San Francisco made a new top at 45, and Rock Island at 41 Later Lehigh Valley was taken up across 70. But in last week's fa- vorites like New York Central and Atchison realizing sales were heavy enough to more than offset any new buying. New Haven. Wabash pre- ferred “A" and Southern Railwdy were freel sold and Missouri cific preferred was off 2 points. the afternoon went on the selling of the rails increased. The Street professed disappoint- ment at the very small increase— 51,490 tons—in untilled orders report- ed in the monthly figures of the United States Steel Corporation. Pub- lication of the figures checked the rise in United States Steel common and accelerated the profit-taking movement in other leaders, like Bald- win Locomotive and American Can. Tobacco Stocks Strong. Tobacco stocks were strong for a time, especially American Tobacco. Tobacco Products and General Cigar Philadelphia and Reading came ior more attention General appeared to be taking more notice of the latest of available earnings figures. Weakness developed again in American Sugar and in American Woolen. After Saturday’s sensational trad- fng on the Stock Exchange and the widespread advertising which it re- celved over Sunday nobody doubted that another very large business would be done again today. The whole question was whether the out- side public, rushing in after months of absence, would bring about a run- away market, or whether it would find professional Wall Street ready to take the very substantial profits which had accumulated after many weeks of walting. « Exchange Again Climbs. The answer to this question was apparently given by the willingnes shown at all stages to sell last week railway leaders whenever they were quoted around their high prices. But at the same time it was perfectly clear that profits withdrawn from the rails were being put into other | sectlons of the market, notably the | oils. This changing about of positions from one group to another was quite characteristic of a big speculation of the sort. It dld not necessarily mean that the Incentive back of the buying of the railroad stocks had spent its force, but simply that the chance for speculative profits seemed for the| time being greater in other quarters. | It is a coincidence which will go down in financial history that Wall Street and Lombard Street should be celebrating at the same time a con- servative victory at the polls. Quite as striking as the extraordinary vol- ume of transactions on our stock ex- change was the further jump in ster- lng. At $4.63 is was up nearly 3 cents on the day, 10 cents within the week and was selling at the highest since June, 1923. 10.—There ‘Wall Street Features. Pacific Oil is expected to be one of the first oil companies to increase its dividend. The current rate of $2 an- nually will probably be raised to $3. Whether it will be done soon, is a question, but it Is on the cards, and there appears to be a vy good basis for an increase. Pacific Oil's earn- ings since July 1 have gained ap- proximately 50 per cent. Texas Gulf Sulphur directors will meet either November 15 or 20 for dividend action, and an extra of $1, perhaps 32, a share will be author- ized. The favorable earnings and financial position of Texas Gulf Sul- phur has been referred to repeatedly here. Directors of Foundation Company | will act on dividends Wednesday, and in anticipation the stock today sold at its highest for 1924. In the first nine months earnings amounted to over $500,000, ar $60,000 above all of 1923. The total for the vear will e close to $1,000,000, or approxi- mately #15 2 share on the common stock. e company has - Sng $6.a share, | o8 been pay CLOSE IS UNSETTLED. Profit . Taking Puts Temporary Check on Advance. By the Associated Press. NEW YORK, November 10.—The brisik upward movement in stock prices which has been under way since Friday morn- ing on a record-breaking voiume of business came to a temporary halt late today ag a result of a flood of profit- taking sales. The reactionary move- ment did not set in, however, until after more than twoscore issues had at- tained new peak prices for the year. One @f the features of thé session was a Sastained demand for the oil - shares, many of which rose 1 to 3 points. Sales approximated 2,500,000 shares. ‘The closing was . irregular. Heavy buying of the copper stocks and a few individual shares, such as American To- bacco and “Katy,” featured the late trading, General Lead reflecting & con- tinuance’ of heavy realizing sales. ——————a - FIRM HAS DEFICIT. NEW . YORK, November 10.—A deficit ‘Dt $54,485 after depreciation of $113,431 and preferred dividends of 347,649 1= reported by the Marlin- Rockwell Corporation for the quarter ended Beptember 30. Gross earnings totaled $214,089, and operating profit, 399,191, Marland, Houston and | was | Motors | { Con Cigar pt THE EVENING 8 NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Sl!r Office. Adams Exp (6).. Ajax Rubber. {Alaska Gold. ... | Alaska Juneau. . All Am Cable (8) Allfed Chem (4). Allied Cm pt (7). Allis Chalm (4) . Allis Chim pf (7) Am Agricul Chm Am Ag Chm pf.. |Am Bank N (5 {Am Beet Sug (4) Am Bosch....... Am Brk Shoe (3) Am Can (16).... Am C & F pf (7). !Am Chain A (2). | Am Chicle. . iAm Chicle otfs. . ! Am Drug ... | Am Express (6). | Am & F P 255(7) AmF P pf (7). | Am Hide & Lea. { Am Hide & L pt. Am Ice (1) | Am Ice pt (61. | Am Internatl. | Am LaFrance (1) 1 Am Linseed. {Am Linseed pf.. Am Locomo (6). | Am Metal (3) | Am Metal pt (7). | Am Radiator (4) Am Ry Exp () \Am. fR (50¢). Am Ship & Com. Am Sm & Ref (5) [AmS&Rpf (D). | &m Snusr « 5 ! Am Stl Fay {Am St | Am Sugar. . Am Sugar pf (7) Am T & Tel (9). Am Tobac (14).. Am Tob B (11) .. Am Tobac pf (6). Am Water Wks. 'Am W W pf (6). fAmW W Ist (7). Am Woolen..... | Am Writ Pap pf. AmZinc........ Am Zine pf. | Anaconda. . Ann Arbor p! . Arn Cons & Co.. 580 Dry G (5).. 80 O11 (11%).. [ALT & S Fe (6). LAt Birm & At {Atl Coast L (18). AtGulf & W1 {AtGuif & W1 pf Atlantic Refining Atlan Ref pf (7) Atlas Powder (4) Austin-Nichols. Austin Nic pf Baldwin L (7).. Bal & Ohio (5).. Bal & Oh pf (4). | Bang & Ar pf (7) | Barnsdall A. Barnsdall B Barnet Leather. | Bayuk Cigar. ... Beechnut (2.40). Bethlehem Steel Beth Stl pf (7).. | Beth Stl pf (8). Booth Fishertes. Ekl Edison (8).. Brk-Man Tran Bklyn Man pf () Brklyn Un G (4) Brown Shoe (4). EBrown Sh pf (7). Erunswick Term Burns Bro (10).. Burns Br B (2). Butte C & Zinc. . Butte&Superior. 'addo Central... Cal Packing (6). Cal Pete (1%).. Calif Pet pf (7). Callahan Zinc Calu & Ariz (2). Calumet & H 50¢ “an Pacific (10). ‘ase Thresh pf. Cent Leather. Cent Leather pf. Cero d Pasco (4) Certain-Teed. . . Certain-T 1st (7) { Chand Mot (3).. Ches & Ohio (§) - Chicago & Altdn Chic & Ailton pf. Chic & East Iil.. Chi & E 111 pf. Chic Gr West. Chic Gr West pf. ChiMil & StP... Chi Mil & SP pf. Chi & Nwn (4)... Chi Pneu T (5).. ChiR1& Pac. CRI&PDpL(6). CRI&Ppf (D). ChiStPM&O.. C StPM&O pt (7) Chi Yellow C (4) Chile Cop (2%) .. Cluett Peab (5).. Coca-Colo (7). .. Colo Fuel & Iron Colo Southern.... Colo Sou 1st (4). Col G & E (2.60) . Col Carbun (4).. Com In Tr (63¢). Com Solv A (4).. Com Solv B. . Congolum-Nairn Conley Tin Foil. Consol Cigar. = Consol Gas (5). . Consol Textile Cont Can (4). Cont Insur (6). Cont Mot (80¢) Corn Prod (2). Corn Prod pt (7). Cosden Co.-.. Cosden pf (7). Crucible Stl (4). Crucible pt (7). Cub Am Sug (3). Cuban Am pf (7) Cuban Cane Sug. Cub Cane Su pf.. Cuba Dominican Cuban Dom pf Cushmans (3). .. Cuyamel Fr (4). Dantel Boone. .. Davison Chem Del & Hud (9). Del L& W (6)... Detroit Ed (8)... Dome Mines (2). Doug Pectin (1). Du Pont (8) Eastman (17%). El Stor Bat (4). End-John (5) Endicott pt (7). . Erie.... Erie 1st pf. . Erie 2d pf. Exchange Bf (2). Fairbks (2.60) .. Famous P1 (8) Famous pf (8).. Federal Mines. . Fed Mines pf (7) Fifth Ave (64c).. Fisher Bdy (10). Fish Bd O pt (8). Fisk Rubber. ... Fish Rubber pf .. Fleischman 133 Foundatlon (6 Freeport-Texas. Gardner Motor. . Gen Am Tnk (3). Gen Asphalt. ... ‘Gen Asph pt (5). Gen Baking (6). Gen Cigar (8)... Gen Electric (8). Gen El spl (60c). Gen Motors. ... Gen Mot pf (6).. Gen Mot db (6).. Gen Mot pf (7).. Gen Petrol (2) Gen Refrac (2).. Gimbel Bros. Glidden Co Gold Dust. Goodrich. Ad Rumly pf (3). AmCar & F (12). Open. High. 89 38 8% 15¢ 1 111 74 116% 60% 101 13% 37T1e 145 38% 26'% 83 141% 168% 122 23% 3 91 38 8% 15¢ 1 111 T4% 116% 614 101 141 37% 145 38% 25 8314 1424 1688 122 23% 3574 Bain 6 121% 116 116 1% 6614 % 77 30% 11 20 41 82% 48% 113 1243 79 81 1012 8400 106% 1463 Low. 89 38 8% 15¢ 1 110 T8% 116% 604 100% 13% 37 145 38 25% 8245 141 167% Goodrich pf (7). Goodyear pf. ... | Gayear prior (8) Granby Conso Gray & Da : Grt North pf (5). Grt Nor Ore (3). irt Wstn Su (8). eene Canan. . | Guantaramo. 4| Gulf Mo & Nor. .. 57% 89% 89% 99% 44% 42% 56% 134 39% 30% | Gu Mo & N pf (5) Gulf St Steel (5). Hanna 1st (7). .. Hartinan Co (4). Hayes Wheel (3) Homestake (17). Household P (3). Houston Oil. Hudson Man. Hud Man pr | Hudson Mot «; Hupp Motor (1) Illinois Cent (7). et e (6). .. pend Ol (1) Inland Stl (21;) . Iuspiration Cojs. Interb Rap T Internat Ag (n). Internat Ag nf.. Bus Mac (3. Cement (4).. Int Com Eng (2) Internat Har (5) Inter Har pf ( Int Mer Mari rnat Nickel. K pf (6) Int Pap pf s Luter Ry C A Inter Shoe (4) Int Tel Invineibie Ol | Iron Proa (5 rdon Mot ( P &LAst (7). n City South. | Kan C Sopf (41, Kinney G ¥ Kresge Dep Loco (4) ws Inc (2) Loose W 1st () | Lorrillard (3). Louis & Nash (6) {Ludlum (2). Melntyre (T5c). . Mack Trucks (6) | Mack Trk 1st pd Macy HR & Co.. Magma Copper. . Mallinson & Co. Manati (5) Man up (1) Man gtd (5) d 4 rt (3) anil E1 Co (8). aracaibo Market St Marland Oil..... rlin Rockwell Mathieson Alka. Maxwell Mot A. . Maxwell Mot B. . May Dept Metro G Mex Seabd Miami Cop Middle Stat ani apf. Mis Kan & Tex.. Mis K & Tex pf.. Missouri Pacific. Missouri Pac pf. Mont Power (4). Montgom Ward. Moon Mot (3) Mother Lode Mullins Body Nash Mot (110) at Acme. ...... at Biscuit (14). Dairy (3). b St 1st (1) at Distillers pf. at Enamel & at Lead (8) . at Ry Mex 2d. Supply (3).. evada Copper. . O T&M 1231 Y Air Br (4) Y Air BrA ( N Y Canners (2). N Y Central (7). NYC&StL (6). NYC&StL pf (6). N Y Dock. .. . NY NH & Hart N Y Ont & West. Niagar F pf 1%. orfolk South. .. orf & W (18)... North Am (2.40). North Am pf (3). North Pac (5). Cnyx Hosiery Orpheum (1%).. Orpheum pf (8). Otis Elevat (4).. Otls Elev pf (6). Otis Steel. . . Gtis Steel pf. ... Owens Bot (3). .. Pacific Gas (8) Pacific Oil (2) . Packard (11.50). Pan-Amer (4)... Pan-Amer B (4). Fark & Tilford.. Parish & B sta Pennsylvania (3] Penn Seab Stee] Peoples Gas (7). Pere Marq (4). FPere Mar pf (5) Pere M prior (5). Fhila Co (4) Phila& RC& 1. Phillips Jones. .. Phillip Morris. .. Phillips Pet (2). Plerce-Arrow. .. Plerce-Arrow pf. Pierce-A prior 8. Pierce Oil pf. . Fieree Petrol Pi Coal (4)... Pitts Coal pf (6) Pitt F W &C (7). Pitts Ut ctfs 1.20 Pitts & West Va. Pitts & WVa rts. Postum Cer (4).. Iostum pf (8)... Press Steel Car. . Press Steel C pf. Prod & Refiners. Pub Ser NJ (4). Public Serv rts.. Pullman Co (8). Punta Al Su (5). Pure Ofl (1%%)... FPure Oil of (8) Radio Corpof A. Radio Crp pf (7). Ry St1Spg (8). Ray Cons Cop. .. Reading (4). g Reading rts..... Reading 1st (2). Remington Type Replogle Steel Rep Ir & Steel. .. eynolds Sp (1). Rey Tob B (3)... Rossia Ins (6). .. Roy Dutch 4.42% Rutland pf. . St Joseph Ld (2) St L San Fran. .. St L San F pf (6) St L' Southwest. . St L Swn pf (5).. Santa Cecelia Savage Arms Schulte (8). .. Schulte pf (8)... Seaboard Alr L. . Seabd Air L pf. . Sears-Roebk (6) Seneca Copper lsnmuak-.vm ¥ Opea. High. 88% 723 98% 18 3% 66% 81y 85% 16 5 22y 84 4 88 8414 34 113% 114 9% 1 630 88% 48% 36! 115% 109 637% 1% 8% 48% 45 61 14% 0% 110 112% 22% 84 124 8814 3% 99 19% 34, 664 81% 86% 16 22% B4 5% B8 Close, 881y 721 99 18% 3t 6644 314 85% 16 5 221 8215 74% 88 344 34 Low. 88 2% 98% 18 31 661w Bl 621, 181, 64 79 105 T 4 116 284 141, 38% 9 35% 241 57 24ty | 625 6614 41% 55 12% B5'% 53% 35% 44 4% 45% 71 1% 70% 109% 112% 21% 33 \2;“4 % UPTURN CONTINUES " INBOND NARKET Profit - Taking, = However, i Slows Up Trading. Liberty Loans Drift. By the Associnted Press. W YORK, November 10.—Bond prices continued their upward trend in today's early dealings, despite in- termittent profit taking, which re- stricted trading. Galns of about 1 to 1% points were recorded by Erle | convertible 4s, Chicago and Eastern | llinois 55, Minneapolis and St. Louls refunding 6s, New Haven 63 and 318 and St. Paul and Denver and Rio Grande lines. Realizing sales hecked the upward movemet in Frisco, Norfolk and Western and Ann Arbor’ issues. United Kingdom 53s of 1929 kept pace with the rise in | sterling to a new 1924 high by scaling a new peak at 114. Liberty {ponds aritted irregularly lower. TRADING MORE CAUTIOUS. BY GEORGE T. HUGHES. al Dispateli to The Star. NEW YORK, November 10.—Trad- {ing in bonds went on today again in large volume, but with more moder- ate price changes. As last week, the greatest activity appeared In specu- lat rails. Quotations, however, showed the effect of profit taking after the recent extreme advance. In “the high-grade investment issues there was some further sagging In | United States Government loans and in the best of the high-grade ralls. reasury 4%s sold at 106.11, which compares with a pre-election high of Atchison general 4s sold at | S compared with 91, the high of last wee Union Pacific first 4s fdropped below 93, and Paclfic 4s below Among the in- ted States Steel sinking went below 10 Second Grades Improve. | ce comparatively trifling changes jare nevertheless significant of what is going on in the bond market under the influence of the activit in ulative stocks and bends and the der tone in money. On the other hand, the second | srade bonds did better, examples ‘Iw-mg Rock 1sland Refunding 4s, Iron Mountain River and Gulf 4s, and Mis- { souri Pacific 5s of 1965. There was a distinct inclination among investors to switch from the savings bank rails into these higher ylelding se- curities. Speculative activity w spread ver a wide range. Favorites were eaboard Air Line adjustments, St. Louts-, Francisco incomes, New which at 93 were up more | than 6 points from their low of last | week, St. Paul 4s of 1925, I G. N. ad- justments, Chicago and Eastern Illi- {nois 6s, and New York Central 6s | were taken in large volume at their | new price | There were some sharp advances | in the tractions, notably in the Third | Avenue issues. Brooklyn Manhattan | Transit 6s touched 84" a new high. | Of the industrials, there was a better | market for some of the fertilizer | bonds, including Virginla Carolina 7s and Amerfcan Agricultural 7Tigs. Cop- per bonds were steady. Warner Sugar refunding 7s were down For the most part, foreign bonds were ghe There was heavy trad- ing in German T7s. City of Greater Prague were strong above 91 for the first time for quite a long period. {Even French bonds were a shade higher, ¥'s new issues included $1,000,- antic Joint Stock Land Bank o yield 4.75 per cent; $1,350,000 Union Refrigerator Equipment, $1,- 000 City of Houston, Tex., serial o vield from 3.50 to 4.50 per cent, $1.400,000 Christiana Tramway poration 2-vear 5 per cent to vield about 47 per cent. % 39t 20% 9615 344 18% 177 81% 234 0% 10074 7212 % 381 624 37% 117% 14 64% 6% 6474 11 Union (1). Shell Un pf (6).. mmons (1) . mms Petrol. lair Oil. . uth Pac (6). athern Ry (5). South Ry pf (5). Std Gas & El (3) St 0l Calif (2) StONNJ (1) Ol N J pt (7). Stand P1Gl (3).. Sterling Prd (4). Stew Warner (5) Stromberg (8) .. udebaker (4).. bmarine Boat. Superior Oil. ... Superior Sti (3). Sweets of Amer. Telautograph. .. Tennessee C Texas Co (3) Tex G Sulph (7 Texas & Pacific. Tex & Pac C & O Third Avenue. . Tide Wat Oil (4). Timken (13%). Tobac Prod (6). . Tobac Prod A (7) Transcont Oil. Union Oil. Un Pacific (10) Un Pac pf (4). Utd Alloy Steel. Utd Cigar (314) . United Drug (6). Utd Drug 1st 3% Utd Fruit (10) Utd Ry Invest. .. Ctd Ry Invest pt U S Cast Iron P.. USCIPPL(D.. U S Distributing U S Hoffmann. .. U S Ind Alcohol. U S Realty (8)... U 3 Realty pf (7) U S Rubber. | USRub1st ()., U S Smelting..... S Smt pf (3%). Steel (1634) . U S Steel pt (7). Universal Pipe. . Utah Copper (4). Utah Securities. Vanadium.... Van Raalte Va-Caro Chem. . Va Ry & Power. Wabash. .. Wabash pf A Wabash pf B Waldorf (1%)... Webber & H (1). Wells Far (212). West Pen (4). West Maryland. West Md 2d pf. .. Western Pacific. West Pac pf (6). West Union (7). West Air Br (6). Westinghouse (4 ‘Wheel & L Erie. Wheel & L E pf. White Eagle (2) White Mot (4).. Wickwire Spence Wilson & Co. . Wilson & Co pf.. ‘Willys-Overland Willys-Over pt. Woolworth (3).. 108% Worthington. Wrigley (3). Yellow Cab (5).. 3 39 Youngstown (4). 65 65 {Partly extra. $Payable in preferred stock. Dividend rates ‘as given in the above table 26% TT% 112% 9% 631 15 26% 26% 65 39 65 '+ iatest quarten. are the annual cash payments based on the Deicss Tothernloe " noted | erira “or " asciel B dividends are not included. Canadian | TAR, WASHINGTON, D. C, MONDAY, . ; OVEMBER 10, 1924. I ON NEW YORK BONDS S;I‘OCK EXCHANGE ' Received by Private Wire Direct to The Star Office. UNITED STATES BONDS, (Sales are in $1,000.) 5 Bales. High. Low. . 87 101-31 100-30 100-31 2 101+16 10116 101-16 14 102-8 1025 1025 .. 818 10117 101-13 101-13 . 352 102+2 101-28 10130 -1174 102-16 102-12 102-12 99 106-18 106-5 106-6 Lib3%s...... Lib 1st-2d 4% s Lib 1st 4%s Lib2d 4%s Lib 3d 43s Lib 4th 4% U'S 4%s1952. Close. FOREIGN. Bales. High. Low. Close. Argentine 5s. Argentine 6s'37 Argentine 7s..... Austria7s........ Bank of Japan 6s. Belgium 6s. . . Belgium 6%s w 1..171 Belgium 7% Brazil Ts. .. Brazil 7%s Brazil 8s. . Canada 65 1926. Canada 5s 1931. Canada 5s 1952 Canada 5%s1929. Chile 78 1943 Chile 851926 Chile 8s 1941 Chile 851946 . ..., Chinese Gov Ry bs Christiania 8s.. .. Copenhagen 5%s. Cuba 6355, : Czecho 881 Czecho 851962 ct... Denmark 6s. . Denmark 8s. . D E16%s Mch DEI5%s Nov'53. Dutch East I 6547 Dutch East I 6’62 El Salvador 8s 48. Finland s f 65 1946 Framerlcan 714s. . French Govt 7%s. French Govt 8s. . Germany 78 w i Haitl 6s. . Holland-Ame: Hungary 6% Japanese 4s Japanese 6148 . Jergens UM 6547 Lyons 8s..... Marsetile 8s...... Mexico 45 '04 asntd Mexico 5s assented Montevideo 7s.. .. Netherlands 6: 22 17 4 3 a3 30 3 4 Netherlands 6572105 Norway 651943... Norway 8s........ Orlent Dev deb 6s. Paris-Ly's-Med 65 Parls-Ly's-Med 7s Paris Orleans 7s.. Porto Algere 8s Prague,7%4s. . Queensland 6s Queensland 7s. ... Riode Jan 85 1946. Rio de Jan 88 1947. Rlo Gr Do Sul 8s. . Seine Dept of 75 Serbs Cr'tes Slo 8s Solssons 65 Sweden 65. : Swiss 51481946, .. Swiss Confed 8s Tokiobs. ... Ud Kingm 5%s . Ud Kingm 5%s'37 Uruguay 8s Ajax Rubber 8, Am Agr Chem bs. . Am Agr Chem Ti3s Am Chaln s f 6533 Am SmIt&R 1st 5s. Am Smit & R 6s. Am Sug ref 6s. . AmT& Tcltrds.. Am T&T cl tr 6s Am T & T debbY:s AmT& Tcv6s... Am Water Wk bs. Am Writ Paper 6s. Anaconda 1st 6s. . 2 19 56 21 28 7 . 41 9225 30 3 MISCELLANEOUS. 2 5 20 12 27 .17 58 9 18 31 5 w0 15 42 Anaconda cv db 7s307 Armour & Co 43s. Armour of Del 541 Assoclated Oil 6s. . Atlantic Refin 5s. . Barnsdall s f 8s. Bell Tel Pa bs. Beth Steel pm bs. . Beth Steel rf 0s. .. Beth Steel 5%5 '3 Beth Steel s f 65 Brier H St Ist 5%s Bklyn Ed gen 5s. . Bklyn Edison 73 D Bkiyn Union G 5s. Calif Pete 6%s. ... Central Leather 55 Chile Copper 6s. Col Gas & El5s... Col Gas & El bs sta Commonwth P 6s. Con Coal Md 1st 53 Consumers Pow 55 Cuba Cane cv 7t '3( Cuba Cane cv d §s. Cuban-Am Sug 83. Denver Gas bs Dery (D G) 7s. Det Edison ref 6: Donner Steel 7s. ... Du Pont de N 7133, Dugquesne Light 63 Est Cuba Sug 7!s.. Empire G&F Ts. Fisk Rubber8s... Gen Elec deb bs. . . Goodrich 6%s. . 21 3¢ 16 5 . 31 - 11 16 10 20 37 8 [3 19 3 16 10 227 8 3 18 1 14 10 o - RN R WOmBWn Com Goodyear 85 1931, . 2 Goodyear 88 1941. . Hershey 68 1942... Humble O&R 5%s. Illinofs Bell 1st bs. Illinois Steel 4%s. Indlana Steel bs. .. Int Mer Marine 6s. Inter Paper bs'47. KCP & Lt bs A '52. KanG & El 6s'52 Keyser (J) 7 Kelly-Spring 8s. Lackawa S 53 '50. . Liggett & Myrs 6s. Liggett & Myrs 7s. Magma Cop cv 7s. . 5 3 5 78 Manati Sug sf 7%s 13 Marland Oil 7%s. . Marland O T%s w. Marland Oil 8s'31. Marland Oil 8s w. . Mexican Petrol 8s. Midvale Steel bs ct Montana Pow bs. . Mor's&Co 1st 4%s. Nat Tube 1st bs. . . N Y Eden 1st 6%s. New Eng Tel bs. .. NYG EL H&P 4 NYG EL H&P bs. N Y Tel 4%s. N Y Tel 65°41. N Y Tel 65°'49. North Am Ed 6s. North Am Ed 6%s. Nor Ohio T&L 6s. . Nor States Pow bs. Nor States Pow 6s. Northwst B Tel 7s. Otis Steel 8s. - Pacific Gas & El 58 PacT & T 1st bs Pacific T & T 55'52 Pan-Amer Pete 7s. People’'s Gas bs... Phila Co5%s’38.. PhilaCoref 6sA.. Phil & Rdg C&I bs. Plerce-Arrow 8s.. Plerce Ofl deb 8s. . Producers & Rf 8s Pub Serv Elec 6s.. Punta Alegre 7s. Sharon St H 8; Sinclair Oil 63%s. Sinclair Ol 7s. Sin Crude Oil 5% Sin Crude Of1 6: Sin Plpe Line 63 South Bell Tel . So Por Rico Sug 7s Southwest Bell 6s. Steel & Tube 7s... Sug Est Orient 7s. Tenn Elec Pow 6a. Tide Wat O11 6%s. Toledo Edn 1st 7s. 3 4 12 3 4 5 1 3 2 20 15 5 = 30 12 2 1n 6 1 19 8 L] 1 20 26 51 5 4 13 [ 12 52 7 1 19 6 4 83 88 83 8¢ 93% 93% 102% 102% 102% 94% 94% 94l 99% 99K 99% 1004 100% 100K 96% 061 P6% 110% 109% 110% 107% 107% 92% 92% 88 884 82 §24 101 101% 95% 96 101% 101% 101% 101% 104 104 103% 103% 98Y% 984 104 104% 105% 1064 1084 106% 43% 43% 110% 1100 964 98% 7% 97K 100v 100% 100% 100% 100% 100% 110% 110% 69% 89% 89% 89y 7% 9T% 96% YhU 1024 87 93% 100% 104% 9% 92% 3% 874 834 % 884 BBy 8% 20% 344 20 101 101 8 98% 1013 2318 8% 8% 2% 8843 81 934 9y 93% 90% 103 109% 94% 3% 9744 % 87 874 104% 100% 114% 654 65 114 113% 106% 106 105 105 874 87% 104% 100% 15 94 94 99% 994 95 94w 96% 9614 7% 9T 10G% 106% 9916 98% 97H 101% 1034% 120% 92% 46 8% 1014 86% 0% 101% 8% 103% 100% 907 945 98 108 s 72 107% 8418 107% 105% 103% 7% 107 105 100% 109 1197% 108% 100% 98 94% 103% B7H 864 95% 9815 100% 97% 89% 99 118% 116 93 105% 125 108% 129 107% 87% 98% 79% 102 113% 101% 86l% 101% 9614 106% 109 964 101 91% 94% 104% 108% 24 4% 99% 934 103% 4% 4% 108% 101% 83% 101% 109% 104% 1024 104% 864 90% 100% 100% 83% 29 102% 96% 105 %N 27% 1034 103% .109% 109% 109% Sales. High. Union Bag & P 6s. Unit Drugcv 8s... U S Rub st rf 55. . U § Rubber 7%s. USSteel s (5s. ... Utah Pow & Lt 6s. Va-Car Chem 7 Va-CarCh7%ssw Vertlentes Sug 7s. Warner Sug 7839, Warner Sug 7s°41. West Elec 5s......1 West'n Union 6%s Westinghouse 7s. . Wickwire Spen 7s. Willys-Ov 6% '33 Wilson & Co 1st 6s Wilson & Co cv 6s. Wilson&C ev 7%s. Winchester A 71s YoungstnS & T 6s . L 18 10 30 83 29 : 2 10 22 40 17 30 65 14 21 21 4 1 16 96% 115% B4% 104% 106 94 66 B3% 924 824 93% 294 111 108% 6% 99% 89% 48y 49%, 101% 95 RAILROADS. Ann Arbor 4s. . Atchison adj 4s. Atchison gen 4s. . . B & OPLEWV 4s B & O Toledo 4s. .. Eklyn-Manhat 6s. 2 Buff R. & Pitt 4%s Canad North 614 Canada North Canada Pac deb 4s Car Clinch & O 6s. Centof Ga 5l4s. Cent of Ga 8s. . Central Pacific 4 Ches & O cv 4%s Ches & O gn 4%s. . s & Ohlo cv 5: Chi & Alton 3%s Chi B&Q gn 45 '58. Chi B&Q Tst 1f Gs. CB & Q-Tll div 4 Chi & E1gn bs ChiGreat West 4s. €M & Puget Sd 4s. Chi M & St P 45251 Chi M & St P 4334 CM&StPdbds. . Chi M&St P cv 4% Chi M&St P rf 4365 Chi M & St P cv bs. ChiM&StP6s.... Chi & N Wref 6s. . Chi& NW s ChiRys5s........ ChiRI& Pgnds.. ChiRI&Prf4s ChiTH&S K bs Chi Un Sta 4%s. . Chi Union Sta 5s Chi Un Sta 615 Chi & W Ind cn 1s. CCC &St LBs..... CCC & StLrf6sA. Cleve Term bs. . Cleve Term 51s. . Colo & Sou 4%s. Cuba RR5s. ... Cuba R R 71s. . Der & Hd 1st rf 4s. Del & Hudson 5% s Den & Rio G cn 4s. D & Rio G imp 5s.. D &R Glstrf bs.. DesM & Ft D 4s. Erie 1st cons 4s. Erie gen 4s. . Erie conv 45 A Erie conv 4s B. Erie convisD Erfe con ext 7s. ir Trunk sf db 6s. Great North 5s.... Gr. North gen 5 %= Gr North gen 7s. ... Green B & W db B. Havans ERL&P by Hud & Man ref 5s. Hud & Man aj bs 11l Central ref 4s. . 111 Cent ref 58 '55. . 11l Central 5%s. Int Rap Tran 5s... int Rap Tr 5s stpd Int Rap Tran 6s. Int Rap TranTs. .. Int & G Nor 1st 6 Int&G Kan City Ft § 4s Kansas City S8 Kansas City S 5s. . Kan City Term 4s Lake Shore 4s '28. Lake Shore 4531, Lehigh Valcn 4s.. Louis & N un 4s Louis & Nash 53s. Manhat Ry cn 4s.. Market St Ry M & St L 1st ref 43 M & St L rf ex 5s.. tP & SSM 612s. S K K K K : T prin5s A 6 2 8 2 7 71 20 65 36 18 13 5 15 20 4 1 22 2 10 1 1" .16 32 . 41 17 7 . 28 L194 . 40 12 18 114 4 15 9 4 Noraj 6s..278 12 Mo Pacific gen 4s. 167 Mo Pacific 55 1936. Mo Pacific 53 '65. Mo Pacific 6s ssau E Ry 4s°57 N O Tex & Min 5s. O Tex & M 6s B. & StLdb is. ¥ Chi & St L 5%2 Y € & St L 6s A NewHaven cd New Haven Ts.. New Haven 7s {r.. w York Ry rf 4s Y Ry rf 4s ctfs. New York Ry aj 5s N Y Rysadjdsct.. N Y State Ry 4%s. NY W & Bos 4%4s. Norfolk & W cn 48 Norfolk & W cv 6s Northern Pac3s... Northern Pac 4s. .. Northern Pac 5s D Northern Pac ri 6s Ore & Calif 1st 5s. Ore Short L ref 4g. Ore Sht Licn 5s'4b. Ore-Wash 1st rf 4s Pennsyl con 414s. . Pennsyl gen 43s. . Pennsyl gen 5s.... Pennsyl 6%s Pennsyl gold ae Peoria & E inc 4 Pere Mrq 1st 45’56 Pere Marq 1st 6s Reading gn 4%s Rio G West ¢l 4s RIATk & L4%s.. St L IM&S 4s°29... St L IM&S R&G 4s. 12 15 48 StL&S¥ plisA.194 StL &S F prinbs. 8 StL&SF6%sD.. 34 StL & SF adj 6s. 160 St L& S F inc 6s,. 397 StL&SFpl6sC.. StLS W con 4332 StP & KCShL 4%s SanA & Arn P ds.. Seab'd A L 4s sta Seab'd A Liref 4s.. Scab'd A Ladj 55 Seab'd A L con 6s Sou Pacific 45°29. . Sou Pacific ctl 4s. . Sou Pacific ref 4s.. Southern Ry gn 45 Southern Ry 1st 38 Southern Ry 6s ct. Southern Ry 6%s. Sou Ry Mobile 4s. . Term Asso St L 48. Texas & Pac 18t 68 Third Ave ref 4s Third Avead; 5s. . Tol StL & W 4s. Union Pac 1st 4s Union Pac 1st rf 4 Union Pac 4s°27... Union Pac 1st rf 55 Union Paeific cv 63 Virginia Ry st 5s.. Va Ry & P 1st 8. Western Md 4s. ... Western Pacific 55 West Shore 1st 4 Wheel & L E cn 4s. Whel & L rf 43%. Wisconsin Cent 4s. 5 6 38 30 31 28 ..236 . 168 13 6 42 97 26 22 4 12 21 2 bi 59 10 18 64% 847% 90%, 100 8% 9032 864 100% 103% 101% 85% 69% 8374 8% 1n7% 1167 80 106% 100 Low. v 5% B4% 104% 104% 03% 65 33% 92 82 93 98% 110% 108 T5% 8% 59 48 4 101% sl n% 116% B4% 104% 105 93% 8% 90 &6 100% 1034 100% £6% 69% 83u 87% 17% 116% 9% 105% 1004 103 83 96 89% 10415 | 914 €31 €5 654 70 109 9idy w 91% 98% 94 100 1% 5 w2ty 5083 50 924, 908, 39% 3% 69 % | 9% | FINANCIAL. |COTTON QUOTATIONS CONTINUE TO RISE Moderate Gains Today Due to Fa- vorable Reports of Home Goods Trade. i S | By the Associated Press. N YORK, November 10.—Contin- uation of the buying movement whic h, followed publication of the zove ment's crop report of Saturday, to further advances in the cot market in today's early trading. Th opening was firm 4n advance ot 11 to 22 poin Active months soon showed net gains of 35 to 40 points, March selllng up to 92, or a cent above the low price of last Frid: A good deal of realizing was h\nl!wlll covering and trade and commis- sion house buying on the ad but offerin increased slightly 23.90 for January, and there moderate setbacks from the best Reports of a continued good in the stock market and a favorable view of the domestic trade were among the fadtors tioned on the advance, which generally attributed to the optimistic view of general business prospe Values in New Orleans. NEW ORLEA November The cotton market opened firm, | spite disappointing Liverpool advices December points up. but the market pidly as the che up. J led goods men- was 10— | opened 4 advanced ed, until b sitions were points traded up to 2 23.90 and March to attributed the advance to am accu- | mulation of buying orders over Sun- | day and a generally bullish feeling| caused by the great activity in stocks and grain. At the end of the first_half hour of trading prices had ensed off about 8 to 10 points from | the higl uary to PROBABLE CORN CROP WAY UNDER YEAR AGO| eron hels vear's corn 5,000 b orecast 046,357,000 Prelimin for other sorghums | seed. 817,000 GRAIN AND | BALTIMORE. N [ eial).—Fe PROVISIONS. L 10 (Spe- pounds, barrel 5024.00+ | bushel, oy cabbage, hox red Winter red Winte 3 red Winte vellow. deliv 1.25, Corn—Cob, new varrel for d yel 3 sales- a Oats 11 ed demand for hay is cen grades of timoth i which w grad of there | supply { has no | Quotations | 19.50a 119.00: No. 1 clov | No lover, 1 { Straw—No. 13.00: No. 1 rye | CHICAGO GRAIN PRICES. | CHICAG Nove | took a decided fresh in price today during fngs. May deliv top record for the higher quotations much to do with Besides. further Australia were reported, in Argentina, and ther of continued buyin, BEuropean shippers The 6peni which varied from 1b to 2% higher, with December 133 to nd May 159 to 1693%. was fol- lowed by numerous fluctuations near {to the initial rang, Corn and oats sympathized wheat strength. Commissic buying of corn wa witnessed for some time. ing at % decline to 1 advanc 115 to 1153, the corn market general gains of 2 or more compared with Saturday’s finish Oats _started 1 May 57% to al;. and creased the advance to a m tent. Influenced by the upturn in grain values, the provision market averaged higher, notwithstanding a decline in the price of hogs. Open. upward the carl reaching scason. Sharply | at Liverpool had | the advance here. | damaging rains in with drough was evidenc on the part of in this country swi with After open- a3 up, ater in- terial ex- High, R 1 h0ng 140 November .. Jauary e FOREIGN EXCHANGE, (Quotations furnished by W. B. Hibls & Co.) Nominal Sellng checks gold value, London, ponng . $4.80665 Montreal, doliar 2 Paris, franc . franc 4 Madrid, peseta Vienna, Crown " erown Crown Wana, Sty . penhagen, erown | Christiania, crown : Stockhelu,” crown Spain has 600,000 titled persons, or about 1 to every 38 inhabitants. Brokers | 4 | mortgax KEEANDTHOM NAVIED BODY HEADS Bankers’ Law and Legisla- tive and Budget Commit- tees Named by Deyber. BY CHAS. P, H. McKee, Cupital vice it SHAEFFENR. president of the Nu- Bank, and Corcoran president of the American nd Trust Co. have bee respective chairmen of the lav lative and the new budget tee of the District Bankers' Ac m by Victor B. Deyber, pres. dent of the Ic bankers’ body. Mr. McKee has selected as his work George W. White, J. Bell, John B. Addison, jr, and From this selec 1 that every institution H tional Thon Sec chose: and com aides | w. W rne: Maurics ion ft 1y of District hani has representation hom's “committee is an untried b ned purpose ion funds are raised by as sment and by membership dues. bank is required to advance a nominz 4r to renew its nembershin ocfation, while those possess anches are required to put up @ ional amount (one-fifth of the beship charges) for each branch This of slightly more of running the local asso since 1 n of per with sala and the actl ve plar ds of do A prope: this expense will be t ion of the budget cc - unparalleled success of plan would indicate it is 4 s curriculy the cost , it is co be forthcomiry nks relative t vice of such estal 2 will be John W. W. Spa and A. . two having tment. rees Soar. of the Currency * report on the ks, ober hest conditic showing t 10 of $233 point call o rease of ks' total resource June 30 and an | 3.000 since the The fig controll prosperi well as the nut Ith, 510,1 sine; loaning t to move up perceptibi onths, which i ime for financing crop s of the national institut October 10 at $19,108 3 1 of $760.961,000 ove unt intrusted to the banks c $2,068,265,000 large nt of deposits at th cptember call a ye: s Bond Rights. tailway Company 1 d authority from the I: Commerce Commission 1 authentication and delivery ury of $5.000,000 of deve i general mortgage 4 pe ©ld bonds, to be held until fur - Company asked for au issue $1,740,000 of 5 pe rauipment trust certificates tc to Blair & at 95.46, t be used to acquire 501 00 automobile cars, © dining cars s-San Francisco roa: uthority to issue $3,000 lateral gold note in lieu of a note previousiy held by zeneral of rallroads, an collateral security fo $4,000.000 of prior lier gold bonds. New Offerings on Sale, Private offering of of is being made $3,958,000 of notes the Woolco, managers of the Building of New York Cit; from 1926 to 1933, 5% per cent. notes are Woolworth Ly equities h. in 19 than $20,000,000, per ownert Woolwortl maturing yielding locally, nt indorsed by Co. and are in the amounted the se building to mori Prozram of Institute. variations from the regulai le are announced for the local hapter, American Institute of Banks this week. F. J. Donohue will ure tonight and Friday, witk K. Moyer, R. B. Dickey and Elio} Thompson holding forth in the order name the intervening nights Rufus Luck will meet with his public K and debating _class on night in the Stock Ex- rooms and R. Gordon Finney hold a session with ths on Friday night. The woman's committee on Thurs night will entertain Constanc. elson of the Cleveland -chapte er and the theater. Trading on Local Board. 2 )0 shares of Nationu Mort and Investment preferrel constituted the bulk of trade on thy il exchange today. The price was was stronger af sale and $1,00t conciuded the on an odd lway 4s at ity. 0% SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) —~—Noon ofte. 1083, 1076y ') Aluminum Co. of Amer. Aluminum Co. of A American Sugar 6s 1937 Awerican Tel. & Tel. 6 Anaconda Copper s 19 7 . o Auglo-Americun 01l 7143 19 933. .. Fisher Body Corp.’ s 19: Fisher -Body Corp. s 19 t Northern Gulf 0il Corp. of P Humble 0il 5%s 1 Tidewater Oil ¢ nion Tank Car ! Kabber 7 tinghouse E. & M. 7s 1081, Wheeliug Steel 6s 1926 Canada contains one-third of th area of the British Empire.