Evening Star Newspaper, November 6, 1926, Page 14

r " 14 = FIN ORFT 1 UPHARD N STOEK MARHET Income Tax Rebate News and Brokers’ Loans Figure ng Factors in Trading. BY STUART P. W Bpecial Dispatch to The Star. NEW YORK, November 6.—The market for today had two news items of some im- portance before it. One was the an- nouncement that the President would recommend a rebate of from 10 to 12 yer cent in 1925 income taxes. The other was the statement of brokerage joans for the month of October put out by the Stock Exchange. The statement showel a decrease of mnearly $27,000,000, whereas the Federal Reserve figures had made it out that loans had come down $210.- 000,000. No such extraordinary di- vergence has appeared at any time rince statistics on brokerage borrow- ings began to be printed. It raised the question whether figures of this sort are of any value where they are borrowings and it was the paving off of these which, as it now appears, was main- Iy responsible the $210,000,000 shrin an account. Wall upon the 2 of stock improving 1 position. The d; age loans on tife « Jateral had only reall 27,600,000 came as a good deal of a shock. till the upward drift in a good t of the list wag maintained. Steel shares mo 9 the time were quietly strong—Unitad. States Steel, Crucible, Bechlehem, “polorado Kuel and Youngstown Sheat and Tube. Kennecott and Nevada consolidated sold at new highs for $e year in expectation of favorals dividend action, Oi] shares were little hanged. Further selling of General Motors was expressive of misgivings regard- | ing next week’s action on the extra dividend. Some fresh pressure occur- red against Mack Trucks and against Chandler-Cleveland Motor. American Can was stronger and Radio Corporation was steady. The feature among thé rails was Atchison, which jumped nearly 3 points to the highest of the present movement. The buying noted on the previous day in the shares of c; the Northwestern Sta in_evidence. Chesapeake and Ohio went down in ory that it was to be ot ‘company in the new onsolidation. WHEAT PRICE HIGHER AFTER EARLY SLUMP Corn and Oats Rally With Other Grain, But Provisions Turn Easier Today. 3 a downturn at start. Notice was taken that December wheat here had become nearly 10 cents a bushel lower than a year ago, whe uropean needs are much greater. Opening unchanged to % off, wheat underwent moderate general decline, but soon re to well above yesterday’s finish. Corn and oats rallied with wheat; corn, starting 3 off to 14 up, sagged all around and then scored gains. Provisions were-| casy. Reports of heavy Argentina and of ver ns in North cold weather in the South tended to bring about | considerable buying today in the wheat market here. Inasmuch as cut- ting of new wheat has begun in Northern Argentina, the rains were suggestive of a wet harvest. Further South, the wheat fields require - sonable temperatures adapted to rip- ening the grain. Predictions were current today that | Monday’s figures on world shipments t for the week will prove to lerably less than the total ¢ In this connection recetved a good, was pointed o the outgo of wheat from that port has shown a constant falling off in volume since | July, that engagements for November wre very light, and that not a single | engagement has been made yet for December. BANK CLEARINGS. EW_YORK, November 6 (Special). ew York bank clear: §! fork_bank ba 0. York Federal Bank credits, $101,000,000. SHORT-TERM SECURITIES. (Reported bs J. & W. Seligman & Co) Ofter. 104 isher Body o ear orthern T PEPE BPCS s 8 Smelting Co. 5iys e re B RN Eent. Ry. 5 DIVIDENDS. P Pe- riod. _Rate stake Minhig ‘Rubher & I‘: cl A Z Manhat Shirt Pay Dept Strs " epayable in five Quartesly wsiallments, 's two-hour trading | me down | —Wheat | Reserve | G NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office Adv Rumley. ... Ad Rumley »f(3 { Ahumada (1) Afax Rubher Alaska Junea. .. Allted Chem (4). | Allts Chalm (6). Allis Chal pf (7) Amal Lthr pf(7) Am Agricul Chm Am Agri Ch pf.. Am Bank N 1.60. Am Beet Sugar. Am Bosch. Am Brake Am Br Bov EI(3; Am Br Bo pt (1) AmCan (2)..... Am Can pf (1) Am Car&Fdy (8) AmC & F pf (1) Am Hide & L pf. Am Ice (110). Am La Fr (1)... Am Linseed. Am Linsd pf Am Locomot (8) Am Metals (4).. Am Po&Lt (g1). Am Republic. ... Am Safety R (3) Am Ship & Com. Am Smelting (8) Am S & R pf (7) Am St Fdys (3) Am Sugar (5)... Am Sumatra Am Tel & Te Am Tobaceo (8). Am Tobac B (8) Am Wa Wo ¢1.20 Am Woolen..... Am Zinc. g Am Zine pf Anaconda (3). Archer-Daniel Atchison (7) At C Line(# At Gulf & W Atlas Powdr(15) Auto Knitter. .. Baldwin L (7).. Bald Loce pf (7) Balto & Ohlo (6) Ralto & Oh pf(4) Farne. Leather. Barnsdall A (2). Relding Bros(3) Rethlehem Steel Booth Fisherles. Briges Mfg (3). RkInEdison (8). Blkn-Mn Tr (4. | Rk-Man T pf(6) PKIn Un G(+11). Brunswick Bulk. Brunswick Ter. . | Buff Roch&P(4) { Burns Bro (10). | Burns Bro pf(7) | Burroughs (14). | Butte Conper&Z. | Putte&Super(2) RButterick (2)... yer & Co. . By-Products (2) Calif Packg(4).. Calif Petrol(2).. Callahan Zinc. .. | Calumet & Ar(6) | Calumet&H (1%) Can Dry (c2%). Can Pacific (10). | Cent Leather. Cent Leather pf. Cerro De P (4).. | Certain-Teed (4) | Chand-Cleve..... Chand-Cle pt(4) Ches & Oh (112) | Chi Great West. Chi Gr West pf. { Chi Mil&StP nf. | C M&StP pf cf: Chi & Nwn (4) Chi RT& Pac. . {CR1&P pf (6). Childs (32.40) ... Cnile Cou (2%). { Chrysler Corp(3 Chrysler pfA(8) Coca-Cola (7)... Collins & Atk(4). Col Fuel & Iron. Col Gas & El (5) Col G&E! cfs (5) Com Cred (2). Com Solv B (8).. Congoleum-N. Con Clgars (7).. Consol Gas (5).. Consol Distribut ConRRCuba pf 8 Cont Bakg A (8) Cont Baking B.. Cont Bak pf (8). Cont Can (16). | Cont Mot (80¢c).. { Corn Prod(t2%) Corn Prod pf(7). Coty Inc (4).... | Crucible Stl (5). | Cuba Cane Su pf Cuba Co (4) . { Cuban-Am 8 | Guban-Dom Sue. | Cudany Pkg (8). { Cuyamel Fr (4). ! Davison Chem.. Del & Hud (9).. Del L & Wn (7) Detroit Ed (8).. Detroit Ed rts. Doage pt (7) | Dome Mines (2). | Dupont (new. | Dupont (14). Dupont deb (6). Eastman (13). Eaton Axle (2).. El AutoLt(16%%) Elec Power & Lt Elec P & L pf(7) Elec Refrig (c2) Elec Sto Bat(16) | End-John (5)... Engineers Pub S Erie R R. Erfe 15t pf. Erie StmS(2%) Eureka Vac (4). Fairbanks (3). i Famous P1 (38). | Fed Min & Smelt { Fea Min pf (7). Fisk Rubber. ... Fleischmn(12%) Foundation (8). Fox Film A (4). Freeport-Texas. Gabriel Snu (15) Gen Am Tnk (3) Gen Asphalt. .. Gen Cigars 14) Gen Eiec (h3)... | Gen Elec sp (60¢ GenGas (B).... | Gen Motors (7). Gen Ry 8ig (16). Gimbel Bros Gimbl Br pt Gold Dust. Goodrich Ri Goodyear pf (7). Gothm SH (2%) Gotham new 2% Granby Consol. . Grt North pf (5) Gt Nor Ore (1%) Grt Wstn Su (8) Green Canan. ... Gulf Mo & Nor... Hartman B k4 40 Helm Geo (16%) Howe Sound (4) . Hudson Mo(3%) | Hup Mot (1.40). Indep Of1 (1)... 4 | Indian Mot (1%4) I Ingersoll-R(15). Inland St (2%). 5 | Inspiration (2). ! Interbor Rap Tr. int Bus Ma (3).. Int Cement (4). Int Com Eng (2) Int Harvstr(6).. Inter Har pf (7) Int Match fts. .. Int Mer Marine. Int Mer Mar pf.. Int Nickel (2). (nt Paper (2)... Int Paper pf (7). & Tel (6) | Douglas Pec (2). . ’ Open. High. 15 15 46'% 47 6% 6% 8 8 1 1 131% 131% 87 87 109 108 10% 40% 43 21% 17% 203'% 36% 63 40% 84 24% 17% 102 43% 28 102 43% 28 174 174 149% 149% 134% 1344 Bla 3l _23% 82127 £2% 9% 9% 431 43% 624 | Fid Phoenix (6). 1 58's 68" 961 96l 118 18 14% 16 cl Open. 43% 64l 41% Low. 14% Tose. | 14% | Kan City South. 46% 47 6% | Kan C So pf (4). Kayser J (3).... Kennecott (4).. 62% Kresge SS(1.20). 51% Laclede Gas (8). 160 Lago Ofl & Tran. 21% Lambert (3%).. 70% Leh&Kink stf(3) 35 | Lehigh Val(3%)*+ 90 Lig&MB (14). 95 Lig & M pf (7).. 124 Liq Carb (3.60). 47% Loew’s Inc (13). 44% 142 6% 8 1 131 87 109 107% 1074 40% Loose Wiles. LouisGasA (1.75) Mack Trucks (8) Man El Sup (5). Man El m g (D5) Manila Elec (2). Marland Oti rts.. Mariin Rock (2). Martin-Pary(2). Mathteson (4).. May Dept St (8. Aiaytag Co (2).. Mexican Seabd. . Miami Cop (1) . Mid-Continent. . Mid-Cont pf (7). Midd'e States. .., M!d States Ofl et Midland pf (t12) Mis Kan & Tex. . Missouri Pacific. Missour! Pac pf. Montana Pow (5) Montgmry W(4) Moon Mot (1%). Mothr Lode(75¢) Motor Met(3.60) Mo Picture(1%) Murray Body ctf Nush Mot (13).. Nat Biscuit t5% Nat Cash R(A)3. Nat Ry Mex 2d.. Nat 3upply (4).. Nevada Cop (1). NY Air Brake(2) NY Central (7). NY Chi&StL(11) NY NH & Hart.. NY On & West.. Y Rys part cfs NY State Rys pf Norfolk South. . Norf & W (110 N Am(10% stk). Nerth Pac (5). Norwalk Tire. .. Nunnally (1.50). 0il Well Sup (2) Omnibus....... 15 Onyx Hos (3.20) 36% Onyx Hos pt(7). 116 %| Orpheum Cir(2)r 29 Owens Bot (t4). 84% Pacific Gas (8).. 129% Packard (12.90). Paige Mot(1.30). Pan-Am B (6)... Panhandle. . Park Utah (60¢). Pathe Ex (c2). Peerless Mot.... Penna R R (3%) Penn C & Coke. . Penick & Ford Penn-Seab St . k. Peoples Gas (8). 121 4| Peoples Gasrts, 2 Pere Marq (18). 110% 4| Pere Mara pt (5) 8T Phila & RC&1.. 44% 91, | Philip Morris,.. 81% 715 | Phillips Pet (3). 48% Pierce-Arrow... 21% Pierce-Ar pf (8). 106% Plerce Perolm.. 3 Pitts Coal...... 38% Pitts Coal pf.... Tb% Pitts Term Coal. 48% Pitts FtW pf (7) 950% Pitts & W Va(8) 110 Pressed Stl Car. 39% Prod-& Refiners. 19% Pub Ser NJ (5). 95% Pub Ser NJ (n). 31% Pullman Co (8). 177% | Pure OIL (12%). 26% Radlo Corp of A. 68% Radio C pf (3%) 50 Ray Copper(25¢) RSTCefs (4). Reading (4). Reading rts. Remington Type 106 Reynolds Spngs. Replogle Stee > | Rey Tobaoc B( 75 | Royal D (a3.078) 4 | Sutety Cable (4) St Joseph Li(1).. | StL & SanFr (7) Savage Arms 129% 3a% 12% 2 110% 87 44% 81% 48% “21% 106% 3 38% 75% 48% 39% 19'% | Seab Atr L pt. Sears-R (n2%). Seagrave(e1.20) Shattuck F G(2) 1| Shell Un (1.40).. vz | Shell Un pt (6). Shubert The (5) Simmons (12.25). Stmms Pet (1) inclair O1l. . elly O1l (2). Slose-Shf pf (7). 1 Sou Calif 12 (2). Sou Dairies A(4) Sou Dairies &5.. . South Pac (6)... Southern Ry (7) 16'2 | Southern Ry rts 5 | South Ry pf (5). Spicer Mfg..... Std Gas & El 3. Std G & El pf(4) $td Ofl Cal t2%. | Sta 01l NJ (1). Std Ol NJ p£(7). 1 Std Plate Glass. Sterling Pro (5). Stewart War (6) Studebaker (5).. Submarine Boat. 5% | Sun Oil (T1). | Supertor O1l.... Sweets of Amer Symington. . Texas Co (3) Texas Co ct (3). 30% | Texas Gulf Sul 2715 | Tex & Pactfic. ... i3% | Tex&PacC&0 76 .| The Falr (2.40). « | Third Avenue. .. 14 | Thompson (3.60) v, | Tide W O1l pf(5) Timken (16).... 1, | Tobac Prod (7). > ‘| Tob Prod A (7).. 614 | Transcont OMl.... Underwood (4) 46% | Un Bag& Paper. % 49% ! Un Carbide (5).. 102 |Unoil (2)... 68% | Un Pacific (10).. It 61% | Utd Cigar 8 (c2) Utd Drug (8)... UtdDrg 1st(33) United Fruit (4) S Distributing Hoffn(13%). Ind Alcohol Rubber. . Smelt (3%). Sm'pf (3%4). | US Steel (7).... 1 | U'S Steel pf (7). | U S Tobacco(3). Universal Pipe | Univ Pipe pf (7) | vick Chemicar... Vanadium (14).. | Va Iron Coal & C vivadou (3).... | Wabash. 41% | Wabash pf A( 128% | waldort (1%) 126_ | Warner Bros 4% weber (4). 8 | West Maryland. 86 | West Union (8). 35% | West Pacific.... 32 82 Westhse A B (7) 120% 681 26% 26 174 147% 134 v U S s s s s s u u 1o u U 26% 41 26 49% 52% 96's 118 % Y% B 1 6% 38% 3 30 100% 1% % kel 110% % 32 39 89% 80% 66 109% 87% 441 29% 48% 20% 1064 3 38 6% 48% * Low. Close. | One-Day Conference Aims to Better ‘and] 9%, 113% 24 o1 36% 56 53% 40% b4 S 27T% 20% 86Y% 188% 3% 30 100% 1% 5, 1104 328 39% 20 80% 67 13% 3 35% 15 A 55% 39% 1 6% 19% 5% 11 30 36% 109% 87% 44% 380 48% 21 106% 3 38 5% 48% 110 STAR, WASHINGTO! D. C. SATURDAY, NOVEMBER 6. 1926. SAFE DEPOSIT ADVISORY BODY IS MEETING IN CAPITAL TODAY 'Enlarge Service of BY EDWARD C. STONE. Members of the executive commit- | tee of the National Safe Deposit Ad- visory Council opened a one-day con- ference this forenoon at the Willard, the aim of the sessions being to work iout ways of bettering and enlarging safe deposit service. Means of get- ting more safe deposit keys into the hands of ‘renters include newspaper advertising, mall advertising, appeals to merchants, to owners of big es- tates, big business and professional men in office buildings adjacent to banks, and by personal contacts. Sev- ‘eral other problems of vital import to safe deposit advocates are also due to be talked over. Only those familiar with this department of banking know the complicated questions that arise. Safe deposit hoxholdérs often think they have things In the boxes that they never put there and they are not always easily convinced of their errors. Those attending the council are Oscar W. Codding, manager of the First Natfonal Safe Deposit Vaults, Boston, president of the council; Phillp S. Malcolm, secretary-treasurer of the Connecticut Safe Deposit Association, National City Bank, Bridgeport, Conn., vice president of the council; L. V. Ennis, president of the New York Safe Deposit Assoclation and manager of the Chatham-Phenix National Bank and Trust Co.; C. J. Shaw, secretary of the New Jersey Safe Deposit As-| sociation and manager of the Safe Deposit Department of the Merchants and Manufacturers’ National Bank of Newark; L. E. Thoman, president of the Louisiana Safe Deposit Associa- tion and manager of the safe deposit department of the Hibernia Bank and Trust Co., of New Orleans, and sec- retary of the council W. O. McClure, manager of the safe deposit depart- ment of the Cleveland Trust Co. The visitors were to be the guests of about 15 local bankers and safe de- posit men at a luncheon at 1 o’clock this afternoon. Further Details on Bond Sale. Such wide interest has developed in the Washington Gas Light Co.’s 10- year 6 per cent mortgage gold bonds, subscriptions for which open on Monday, that further details on their purchase on the installment plan and other officfal information about them is published as follows: “All bonds to be issued will be 6 per cent coupon bonds, interest pay- able semi-annually, and may be regis- tered as to principal only, at the op- tion of the holder. Any subscriber, who at the time of receiving notice of allotment makes payment in full, in- cluding premium, and interest which may have accrued on the bond after its date, will receive a temporary non- negotiable receipt. This receipt later will be replaced by the bond itself, carrying interest from the date of thé bond. “Those who wish to purchase bonds on the partial payment plan may do so, paying therefor in the follow- ing manner: First installment of 10 per ‘cent of face amount of bonds, together with the amount of premium thereon, within five days from date of notice of allotment, and the bal- ance in nine equal installments, on or before the fifteenth day of each successive month, until the entire subscription is paid in full “Payments of any nature for these bonds may be made at the offices 150% 150% 150% | of the Washington Gas Light Co., or 110 _110 the Georgetown Gas Light Co, 39%" 89% | Dumbarton and Wisconsin avenues, 19% 19%|or the Rosslyn Gas Co. Clarendon, 95% 31% 4 176 267 50 16% 5% 87% 19% 106 5 9% 114% 48% 145% 32% 95% 32 176 26% 59% 9% 115 54% | 54 47 62% 12% 145% 32% % % Va., and also at the banking agencies already named. “A consumer subscribing on the installment plan will be allowed in- terest at the rate of 5 per cent per annum on each installment, computed from the first day of tae monta in which it 13 due, provided such pay- ment be made within the first five days of the month, to the first day of the month following the date upon which payment of his subscription was completed, or to such date, if payment be completed ‘on the first day of any month, whereupon he will recelve a full paid non-negotiable re- ceipt, to be replaced later by the bond. Any Installment payment made after 5th and before the 15th day of each month, will not bear interest until the first day of the following month. “Adjustment of interest on in- stallment payments will be made at the time of the delivery of full pald non-negotiable receipt, or of the bond. Any consumer subscribing for bonds on the installment plan may anticipate and pay In advance any or all installments. The normal Tederal income tax up to 2 per cent on these bonds will be assumed by the company.” Moran Names Business Committee. President Howard Moran of the District Bankers’ Association has ap- pointed the committee on ‘“unprofit- able accounts and business,” for the present year. It is again headed by John Poole, president of the Federal- American Bank, his associates being ‘W. J. Waller, vice president Federal- American National Bank; Francis G. ‘Addison, ir., vice president Security Savings & Commercial Bank; B. Agee Baltimore Markets BALTIMORE, November 6 (Spe- cial).—Potatoes, 100 pounds, 1.25a3.2. sweet potatoes, barrel, bushel, 30a75; yams, barrel, 1.5 beans, bushel, 2.00a4.00; bushel, 35: | beets, 1.00, 2.00a3.00; Brussels sprouts, quart, 18a22; cabbage, 100, 2.00a5.00; eggplants, crate, 4.5025.00; cauliflower, crate, 75a1.50; carrots, 100, 3.00a5.00 celery, crate, 1.75a2.75; bushel, 35a45; lima beans, bushel, 1.50a2.50; lettuce, ‘bushel, 50a1.00; onions, 100 pounds, 1.50a2.7 peppers, basket, 20a50; pumpkins, 100, 3.00210.00; savoy cab- bage, bushei, 50a60; spinach, bushel, 40a75; tomatoes, box, 3.25a8.50; turnips, basket, 30a85. Apples, barrel, 1.00a3.50; bushel, 50 al.50; cranberries, box, 38.25a4.75; grapes, basket, 13a18; pears, bushel, 1.50a4.00. Dairy Products. Poultry — Alive — Spring chickens, pound, 25; Leghorns, 23; poor and thin, 17a18; old hens, 20a28; Leghorns, 17a18; old roosters, 17al18; ducks, 23a 25; small and poor, 17al8; geese, 23a 28; turkeys, 37a38; old, 385; pigeons, pair, 25a85; guinea fowls, each, 40a75. Eges—Recelpts, 513 cases; native nd nearby firsts in free cases offered pound, 5134; blocks, 481%a50%; ladles, 32a33; rolls, store packed, 23: dairy prints, process butter, 86a37. ‘White Mot (4).. ‘White SM pf(4). ‘Wickwire ctfs, . ‘Willys-Overland Willys-Od pf (7) ‘Wilson & Co. . ‘Wilson & Co(A ‘Wilson pf (3% ‘Woolworth (16). ‘Worthn Pump. . Wright Aero (1) Wrig Wm (14).. Yale&Towne(t6) Yellow Tr (75c). Youngstown (4) . 5 56" Banks—Entertain- - ment by~Loca1 Men. Bowles, vice president Potomac Sav- ings Bank; Ralph Endicott, auditor ‘Washington Loan & Trust Co.; J. Dann Faber, auditor American Se- curity & Trust Co.; Robert V. Flem- ing, president Riggs National Bank; Robert N. Harper, president Ristrict National Bank: George W. White, president National Metropolitan Bank; Archibald J. McLachlen, secretary McLachlen Banking Corporation, and E. P. Wilson; secretary National Sav- ings & Trust Co. Heard in Financial District. The monthly Bulletin published by the District Bankers’ Association was being received today by the member- ship. It contains the usual informa- tion abput new committees and all other activities of.the past month. Francis G. Addison, jr., chairman of fthe law and legislation committee of ithe District Bankers' Assoclation, held a meeting of his committee yes- terday. The other members are: Rob- tert V. Fleming, W. W. Spaid and Cor- {corag Thom. Various legai matters of impott to bankers were discussed. Bradstreet’s, Journal reports that bank clearings in Washington during the week ending Thursday were $28,- 083,000 against $24,749,000 last week, a gain of 3.1 per cent. The increase is especially interesting because 43 other citles, including New York, showed decrease: EARNINGS OF CLASS 1 September Aggregate Income at Annual Rate of Return of 5.74 Per Cent. By the Assoclated Press. Class one railroads had a net rail- way operating income of $145,134,536 in September, which was at the an- nual rate of return of 5.74 per cent on the basis of thelr property invest. ment accounts. These figures, made public by the Bureau of Railway maintained here by the s, compared with a net in- come of $134,251,054 In September, , or 542 per cent. The earnings compilation was based on reports filed by the raflroads with the bureau, the statistics also showing gross operating revenues for Septem- ber to have been $588,689,673, as zainst $564,385,841 in the same month st year. Operating expenses totaled $397,062,695, compared with $387,318,- 8 The gross revenues increased 4.3 per cent and the expenses, 2.5. The roads pald $37,070,573 in taxes, an Increase of 11 per cent, bringing the total tax bill for the first nine months of 1926 to $291,341.568, an in- crease of nearly 10 per cent. Twelve class one roads operated at eptember, of which six Sastern ‘district, one in the Southern and five in the Western. September net railway operating income in the Eastern District totaled $67,438,057, against $38,877,529; Western, $62 as against $58, : fi,s:'(;uvhnrn. $15,098,192, against $17,262, Washington Stock Exchange SALES, Potomac Electric Cons. atToR Mévizenthaler ‘Linotype—10 at 106, 100 T L P 0n ! 0 ke 00,10 2 Peobles' Drug 'Stores pfd—6 at 1071, AFTER CALL. omac_ Electric Pow. g. & r. ?‘Zi’!?}tl\ at 10 Bid and Asked Prices. BONDS. PUBLIC UTILITY. 41— Rwy. & £ Rwy. & . ge 8. 14 MISCELLANEOUS. Mkl Coia kG, ol St in Park Hotel 554 ¢ BONDS. PUBLIC UTILITY. an Tel. & Telga. National Capital Columbia ~ .. Commerelal enth St nited States. .. Washington Me American . Corcoran Firemen's National .. Colymbia Title. 5‘& Eatate Tt tle Inv. of Md. cor MISCELLANEOQUS. . C. Paper pfd.... . ederal Storage pfd. ‘ederal-Ame an Co Federal-American _C Lanston Monotybe, Merchants’ Tran. z $torage. Merchante’ Trans. & Stor. pf. Mergenthaler Linotype. Natl, Mlfifl & Inv. pf Peoples Drug Stores pf Security Storake. Wishinigton Marke *Ex. dividend. Unlisted Department. . ‘These securities not listed under Exchange Rules. BONDS. Army Navy C] rmy an&qx;’-vlmxub Bs. 78, e Metropolitan 00 108 Club” Anacostia Bank .. Chapin-Sacks % Department District Titie Ina. nklin National B Train Control . Potomae_Savin Raleizh Hotel Wachington RAILROADS ADVANGE| FINANCIAL. [ BONDSmaxmeana] Recelved by Private Wire Nirect to The Star Offica UNITED STATES. (Sales are Sales. Lib 3%s. Lib 1st 4%s Lib 2d 4%s. Lib 3d 4%s. Lib 4th 4%s US3xs... US4s1944. USiuss2. 45 1015 FOREIGN. Sales. Argentine 6s Ju59 21 Argentine 6s Oct59 12 Hi 98 984 98% 100% 9674 Argentine 7s. Australian §s. .. Czecho 85 1961. ... Caecho 85 1952 ot. . Danish Munic 8s A. Danish Munic 8s B. Denmark 6s....... DEIG6%s Mch53. DE In5%s Nov 53 Dutch East I 6s 62. Finland s f 6s 45 Finland 7s Framerican ammn LIRS SuoaIaran o, Ger Gen Elec 7s... 10 Haliti 6s. . 12 Holland-As Jergens U M 6s 47. Lyon@s........... 2 Marsetlle és. ...... 30 Mexico 4s 04 asntd. 15 Mexico 4510 asntd 38 Mexico 5sassente 29 Montevideo 7s.... Netherlands 6s 64 Netherlands 6s 72. Norway 5%s Norway 6s 1943 Norway 6s 194 Norway 6s1952. Orlent Dev deb 6s Parls-Ly-Med 6s. Parfs-Ly-Med 7s.. Paris Orleans 7s Peru 7%s. Peru »s. Poland 6s 40 Poland 8s. Porto Alegre 8s. Prague 7%s. Queensland 6 Queensland 7s Rhinelbe Un 7s. Rio de Jan 8s 1946 Rio de Jan 8s 47... Rio Gr Do Sul 8s. Sao Paulo City 8s Sao Paulo 1950. ... Saxoh (PW) 7s... Seine 7s 42... Serbs Crot Slo 8s.. 13 Sweden 68........ 2 Swiss Confed 8s... 2 Toho Elec Pow 7 1 Tokio 6s..... 15 75 Utd SteamCopen 8s 5 91% in $1.000.) . High. Low. 3 10017 10013 10013 22 10212 1028 1028 7 100 19 10017 101 18 1013 1013 136 102 18 10215 10218 64 10131 101 29 10131 30 104 16 104 14 104 12 110816 10816 10818 98 Close. igh. Low. Close. 4 113% 114% 4 10214 & 10214 10315 106 t 10t 3% 94% 106% 113% 91% MISCELLANEOUS. Ajax Rubber 8s.... 103% Am Aeri Chem 7%¢ Am Repub deb 6s. . Am Smit & R 18t bs. Am Smit & R6s... Am Sugar ref 6s AmT& Tcltrds.. Am T & T cl tr bs. AmT& Tsefbs... AmT&T deb5%s Anaconda 1st 8s... Anaconda cv db 7s. Andes Con 7s rets. Armour&Co 4%srf Armour Del 5%s. Assoclated Ol 8s. . Barnsdall 6s ctfs. . Tlell Te!l Pa 6s B.. Bell Tell Pa 58 C... Reth Steel pm 6s... Feth Steel rf Gs. Eeth Steel 143 63. Reth Steel 6s...... Brier H St 18t 5%s. Bkiyn Ed gen bs. .. Bklyn Unfon 6is. Calif Pete 633..... Cen Leath 6s 45 cfs Chile Copper 8s32. Con Coal Md 1st 5s. Con Gas N Y 5%s Cuba Cane cv 88 Cuban Am Sug 8: Deaver Gas 53 Det Bdison 65 4 Det Edison ref 68 Dodge wies. . Duq L & P 6%s 49 Ducuesne Light 6: Empire G &F 7% Fisk Rubber 83 Goodrich 8% Goodyear 85 1931. Goodyear 8s 1941... Humble O & R6%s ‘Indiana Steel 5s. . . Int Mer Marine Int Paper 58 47. 1 c * aaRemaams 19 i ARBaaamaan Lackawa S 65 60. Laclede G 5%s 52.. Liggett & Myers 5s M1d.Con 6%s 40.. Midvale Steel &s. Montana Pow N Y Edison 68 & N Y Edison 6%8. .. N Y Tel 4%s N Y Tel6s41. North Am Ed 6s. Nor States Pow Nor States Pow Pub Sery Elec P Serv Gas 5%s P Serv Gas 5%s Producers & Rf Sharon St1 H 85 Sinclair Of1 6s. Sinclair O] 6348 Sinclatr Of1 78 Stn Crude Oil Sin Pipe Lne bs. . So Por Rico Sug 7 Bouthwest Bell bi o - o N e e - P o e NENRRE A IOB AN B MO NNPBA AN O~ DR NN O B DTN 0900 DB U 8 Steel sf 5s Vertientes Sug 79. 103% 103% 115% 991 108% 100 104% 115 102% 102% ' Fla EC5s 74 Sales. High. Low. Can Nor 4%s 1935. Canad North 7s Canad Pac deb 4s. . Car Clinch&O 6s 52. Cent Pac 1st 5s 90. Ches & Ocvik%s Ches & O gn 4%s.. Chi & Alton 3%s Chi & Alt 3%s ctfs. Chi B&Q istrt5s. CB & Q-I11 div 4s Chi&EIgnbs Chi Great West CM& Puget S 4s.. CM&StP4s25... CM&StPcviks. CM&SPcv4 % s32cts CM&StPrf4%s. CM&StP r 4%s cfl¢ CM&StPés..... Chi & NW gen 4s.. Chi RI&P gn 4 ChiRI& Prf 4s. Chi Union Sta 6%s Cuba RR6s....... Del & Hud cv 6s 35, Den & Rio G en 4 D Rio G West bs. Det United 4% Erie 1st cons 4 Erfe wen4s..... FErieconvds A. Erie conv 48 B. Erfeconv 4s D. Erie & Jersey 6s Erie (Pa) cit tr 4s. Close. 97% 115% ‘85 107% 101% 98% 967% 60 59% 105% 93% 80% - 9 orBnon B8 o mome S Gr Trunksfdb Grand Trunk 7s. Great North Bs.... Great North 6%s.. Gr Nor gen 7s. Hud & Man ref 5 Hud & Man aj bs... 111 Cen 4s 53. - 0 00N D0 a3 w7.a3 2 4 1t 1 53 1 b O 2 1O 1 OV ED G109 O 1t it 3 TN Int Rap Tr 6s stpd. - Tnt & G Nor ad 6s Int Rys C A 6s 73. Towa Cent rf 4s. Kan City Ft S ds. Kanoas City S3s.. Lake Shore 45 28. . Louls & Nash 7s... Market St 7s 40. M&StL 1strf 4s. M St P& SSM en s M St P&SSM cn bs. 0 Iy R L P e ET T Mo Pac 5s 1965. Mo Pac 6s 49 D. Mo Pac 6s 55 B Mont Trm ref 53 41 Nassau E Ry 4s 67. N O Tex &M 6s B. NOT&MGY%s. N Y Cengen8%s.. NYCrfim4%s13 NYCentriBs.... NYChi&StL 5%sA. NYChi&StL 634 sB. NYC&StL6sA. New Hav deb 4s 57. New Havencd 6s.. NYOnt Wistds.. ® N Y State Ry 4%s. NY W & Bos 4%s. Norfolk & W cn 4s. Northern Pac 3s... Northern Pac 4s Northern Pacr1 6s Ore Short L rfs 4s. Ore Wash 1st 4s... Pennsyl gen 6s.... Pennsy! 58 64 Pennsyl 6%s. Pennsyl gold 7s. PCC&StL5sA.. PCC&StL 53 B16. RIArk& L 4%s.. StLIM&S 4529... St L IM&S R&G 4s. StL&SFpl4sA. StL&SF prinBbs. StL&SFadjés.. StL&SF incés.. » Lo StPUn Dep6s.... Seaboard AL 4s sta Seab AL refds.... Seab A L adj 5s... Seab A L con 6s... Sou Pac 4s 29..... Sou Pacific clt 4s.. Sou Pacific ref 4s.. Southern Ry gen 4s Sou Ry con 68 94 Sou Ry 6s 66. . ‘Third Ave ref 4 bs. Union Pac 1st rf 48 Union Pao 4s 27 Union Pac cv 6s. .. Virginia Ry 1st 5s. VaRy&Pbs... Wabash 1st 6s ‘West Maryland 4s. Western Pacific Wilkes & E 1st 5s ] 29505 B = O 00 a1 303 TTEO 10 n 2000 - o 31 50 70% e GERMAN BONDS AND STOCKS. (Quoted in dollars per millfon marks.) Gt (w In) Bs 1014-18 183360 10000 w In) b8 - X . Samonre 448 1019 120.00 130.00 (Quoted fn dollars per thousand marks.) Ger Gen Elec 4138 pre-war. 24.00 Ger Gen Elec 4 2. AEG D Commerz and ;rh‘ll Bank. Disconto Gellechaft. . Dresdner Bank. Deutsche Bank Darmstaedter Bank. Mercur Bank Vienn: yden Chemical Aust A E G Berliver Handels e FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal Selling checks old value. today. ¥ sg.sgé"a SE8Y 0 L .1.00 120,00 o, Stockholm, TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) —Close ———y New *York Stock and Bond Averages. SATURDAY, NOVEMBER 6." STOCKS. Total stock sales, 714.1 Totents Toustrials avcrared 130,535 ain, .01, 1927" 147.46: low, 123.11. t ads averaged 123, lals averaged 100.2 average, 05.61; average. . month 04.87; yeae 8go, 92.60. gy | | 0| fat cows and heife | count TRERD IRECULAR N BOND NARKE Uncertainty Especially Evi- dent in Foreign List—French Issues Are Steady. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, November 6.—Activity diminished and prices moved irregular- 1y in the bond trading at the close of the week. The uncertainty was espe- cially evident in the foreign group. Ttallan 7s were heavily sold on pub- lished reports of friction between France and Italy. At 92 the quotation was down a point and a quarter from the high of the week. For the most of the time French issues were steady around the closing figures of the preceding session. The same was true of Belgian bonds. City of Copenhagen blas were in supply. vielding to 99, which was the low of the week. On the other hand, there was aggressive buying of Poland 8s, the highest yielding bond in the group, carrying the price to 91, which whas the previous 1 top. There was little recovery in Commonwealth of Australia 5s, which had been under pressure all the week, but Queens. land 6s and 7s held their ground well. Yesterday’'s bidding up of second grade and semi-speculative rails was not resumed today. Some of the gains were held, but in other instances prices reacted. The Erie bonds were lower, holders apparently dissatisfied with the re- ported omission of the road from the Van Sweringen merger. Among the industrials, there was a briet run-up in Gould Coupler 6s, and Marine 6s were again in demand. Some of the oils were a shade higher, among them General Petroleum bs, Brooklyn Unfon Gas 6%s went up with the stock on the conversion priv- {lege. Investment bonds were very dull, but firm. . SCHWAB SEES GREAT ERA OF PROSPERITY Head of Bethlehem Steel Co. Pre- dicts Industrial Progress Be- yond Any in History. By the Asoclated Press. PHILADELPHIA, November 6. Charles M. Schwab, head of the Beth- lehem Steel Co., prophesied the ap- proach of the greatest era of prosper- ity ever enjoyed by American in dustry. Speaking before the Bond Club of Philadelphia, Mr. Schwab sald that America would have its ups and downs as it had had in the past, but he em phasized that in the long run the in dustries of the country would show a solidly based progressive trend. The resources of the country, he asserted, were superior to those of any other part of the world and were being employed in such a way as to make this Nation thé workshop of the world. “There has never been a time,” sald the steel magnate, “when I felt so optimistic about our great industrial life.” Mr. Schwab sald he was still happy in business and that when he was no longer happy he would retire to “en- joy my own company." o CHICAGO LIVE STOCK MARKET CHICAGO, November 6 (United States Department of Agriculture).— Hogs—Receipts, 7,000 head; market closing active and steady at yester day’s low time; top off 25s, at 12.85 bulk desirable hogs, all weights, 12.2 al2.75; few desirable slaughter pigs. upward to 12.50; bulk, 11.75a12.25; most packing sows, 10.50a11.50; few 1ight weights, 11.75 or better; heavies, downward to 10.00; shippers took 2,000; estimated hold-over 2,000; heavy weight hogs, 12. medium, Ughit light, 11.50a12.65; 10.00 ; slaughter plgs, 11.50a1 ‘attle—Receipts, 2,000 head; ared with week ago, fed yearlings, to 50 higher; choice medium 0al cking sow 2 | weights sharing advance with others. and mest grades of weighty steers higher; only cholce heavles scaling 11,400 pounds downward in reliable de- mand; many short fed, such as Min eral Point, Wis., grassers remain hard sellers at 9.50 downward to 7.50; éx treme top yearlings, 12.50; medium weights, 11.50; heavies, 10.75; stockers and feeders easy to a shade lower; v demand having abated; West s run dwindling 11,000 head 5 spots, 60 up bulls, 25 to 40 ern gra: on tidy light heifers higher; vealers, 50 up. Sheep—Receipts, 3,000 head; prac nothing on le today; for , 10,800 direct; 63 doubles from stations; fi mbs closing fat yearlings 25 to 50 higher; sheep steady; feeding lambs 25 to 50 lower; week’s top fat range lambs, 13.75; fed Westerns, 14.60; fed clipped Westerns, 13.00; fat natives, 14.35; fat yearlings wethers, 11.00; fat ewes, 7.00; range. feeding lambs, 14.00. DRY GOODS UNCHEWGED. NEW YORK, November 6 (Special) —Cotton goods markets were slow to. day, with print cloths unchanged at 7 cents for 64x60s and 7% cents for 68x72s. Raw silks were quiet but sgeady. POULTRY PRICES STEADY. CHICAGO, November 6 (#).—Poul try, alive, steady; receipts, 10 cars. fowls, 17a23; Springs, 23; turkeys, roosters, 18; ducks, 22; geese, 19. g RUBBER IS STEADY. NEW YORK, November § (Special). —Crude rubber, smoked ribbed sheets. closed the week unchanged, at 41%c. This compares with 42%c a month ago and 99c a year ago. NEW YORK MARKETS, NEW YORK, November 6 (f).— Rye—Barley steady; No. 2 Western 1.08%5 f. 0. b. New York and 1.04% c. L. f. export. Barley—Firm; malt ing, 82%a84% c. 1. f. New York. Lara —Weak; Middld West, 13.20a13.80. Wheat—Futures opened steady; do- mestic December, 1.45%. Other arti- cles unchanged. FEDERAL LAND BANK BONDS. (Quoted by Alex. Brown & Sons. Closing.) Rate—Maturit i s Nov. 1097- 485 ield % 1939- e 2 = horsich £ S S i o 8538535555500 BIRSII22228E ER AR AR ! Liisiobon S SRS # CLEVELAND.—Despite the ad- vance of $1 a ton in pig iron, the trade 1s looking for still higher prices, owing to the rise in furnace coke, aggravated by the demand for coul from abroad.