Evening Star Newspaper, November 26, 1929, Page 15

e F CURB SHARES DROP IN LIGHT TRADING Several Groups Show De- clines Under Pressure of Offermgs. BY JOHN A. CRONE. Bpecial Dicpatch to The Star. NEW YORK, November 26.— A de- cline, which sct in at the opening of the curb markot continued during most of the session today. Th2 volume con- tinued small, with larg> blocks, be- cause of their scarcity, conspicuous. | Utilities opened higher, but moved Irregularly, while aviation shares opened unchanged and latcr declined. Most | of the mining sharcs, reflecting the un- | certainty of the price trend of red metal, weakened. Investment trusts | showed small chang:s, but some wide moves took place in trading companies. | Electric Bond and Share opened off 315 at 75%, then moved up to 78, from which it reacted in the forenoon. Cities Service oprned down % at 207 and uched 29 before rallying. Anglo-American Oil by virtue of the size of a single transaction—10,700 shares at 17—was a feature of the early trading. This stock, on the basis for which it is to be exchanged for Standard Oil Export Corporation, a subsidiary of Standard Ofl of New Jersey, has a value approximating $18 a share. General Electric Limited, which has been mentioned in London cables as amalgamating with Associated Electrical Industries, was fractionally higher at intervals. Advance in cement prices caused Atlas Portland Cement to jump from its initial price of 36. which was ! off 3, to 40, from which level it reacted early in the day. Lane Bryant’s declaration of an in- itial quarterly dividend of 50 cents on the new stock, thereby placing the stock on a $2 basis or the equivalent of $3 before the 50 per cent stock dividend, created activity in that stock. Higher priced industrials registered | wide swings. Aluminum Co. of America Jpened down 19'2 points. slnzcr Manu- facturing opened up 5 poini Baltimore Markets BALTIMORE, Md., November 26. Potatoes, white, barrel, 1.50a4.00; 100- pound sacks, 1.75a2.90; sweet potatoes, barrel, 2.2523.00; bushel, 75a1.25; yams, barrel, 2.50a3.00; beans, bushel, 2.00a 4.50; beets, 100, 2.00a4.00; brussel sprouts, quart, 1213a20; cabbage, basket, 35a60; carrots, 100, 2.0024.00; ‘caulifiow- er, crate, 2.0083.00; celery, crate, 2 008 3.00; cucumbers, hamper, 5.0026.00; eggplants, crate, 3.25a4.35; lettuce, basket, 75a1.00; onions, 100 pounds, 1.50a1.75; parsnips, basket, 40a60; peas, hamper, 5.00a5.50; peppers, hamper, 50 a65; pumpkins, 100, 3.00a10.00; spin- ach, basket, 40a60; squash, crate, 4.00a 4.50; tomatoes, crate, 3.00a4.00; turnips, hamper, 15a25; apples, bushel, 75a2.75; cranberries, box, 3.00a4.25; gr basket, 20a22; grapefruit, box, 3.251 4.75; oranges, box, 3.00a4.50; pears, ggsshel 200!4 50; tangerines, box, 2.25a Dairy Market, Poultry, alive—Turkeys, pound, 30a 32; old and crooked breasts, 25a27; young chickens, 24a27; Leghorns, 22a 23; old hens, 22a27; Leghorns, 18a20; poor and thin fowl, 17al18; old roosters, 18a20; ducks, 16a24; geese, 16a20; gulnea fowls, each, 40a60; pigeons, pair, 25. Native and nearby hennery, whi dozen, 56; firsts, 52; pullets, 40a 45; current recelpts, 43a45; culls ana dlny eggs, 25a30; receipts, 814 cases. Butter—Creamery, to choice, pound, 41a46; ladles, 35a36; rolls, 31a g:flmm: packed, 22; process butter, a4l. Livestock Prices. Cattle—Receipts, 50 head; light sup- ply, market steady. Steers, choice to prime, none; good to choice, none; me- dium to good, 11.00 to 12.00; fair to me- dium, 10.00 to 11.00; plain to fair, 9.00 to 10.00; common to plain, 8.00 to 9.00. Bulls, choice to prime, none; good w0 choice, none; medium to good, 7.50 to 8.50; fair to medium, 7.00 to 7.50; plain to fair, 6.00 to 7.00; common to plain, 5.00 to 6.00. Cows, choice to prime, none; good to choice, 7.50 to 8.50; me- dium to good, 6.50 to 7.50; fair to me- dium, 5.50 to 6.50; plain to fair, 4.50 to 5.50; common to plain, 3.75 to 4.50. Heifers, chnxu to prime, none; good to choice, 10.00 to 10.50; medium to good, 9.00 to 1000 fair to medium, 8.00 to 9.00; plain to fair, 7.00 to 8.00; common to plain, 6.00 to .00, Fresh cows and Springers, 60.00 to 150.00. | Sheep and lambs—Receipts, 250 head; moderate supply, market steady. Sheep, 2.00 to 6.00; lambs, 6.50 to 13.75. ‘Hogs—Receipts, 250 head; light sup- ELY. market lower. Lights, 9.70 to 9.95; avies, 9.70 to 10.00; medium, 9.75 to 10.00; roughs, 7.75 to 9.00: light pigs, 9.00 to 9.40; pigs, 9.50 to 9.70. Calves—Receipts, 25 head; light sup- ply, market steady. Calves, 7.00 to 16.50. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, spot, 1.2414; No. 2 red Winter, garlicky, spot, 1.23'; November, 1.23:; December, 1.237 No. 3, garlicky, 1.20. Corn—No. 2 domestic, yellow, 1.07a 1.10; cob corn, new, 4.50. Oats—No. 2 white domestic, spot, 55a | 86; No. 3, white domestic, spot, 54255, | Eye—Nenrhy 85a95. Hay—Receipts, 10 tons. Season for old hay is about over. A little new crop is arriving, but hardly enough upon which to establish quotations by grades. Where in good order new hay sells at from 14.00a17.00 per ton, according to its quality and condition, receipts by truck takinF care of most requirements. Straw—Little demand for straw. Re- ceipts generally ample. Wheat straw, No. 1, per ton, 9.00a10.00; oat straw, No. 1, per ton, 9.00a10.00. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Seiling checks valie (o par). i London, pound 1348665 1365 1414 0296% 2680 2691 4630 . ‘Desetan hilling e60 Copenhagen, crown Stockholm. crown ©slo, crown e SHORT TERM SECUBITIES (Reported by J & W. Seligman & Co.) Bid Offer Allis-Chialmers Co. 55 1837 Y Co. of A C o Rock Island ds 1943.. Ehife ‘Copper Ca s 1947 Sinclair Crude (Jll Standard Oil of N. J 5s 8t. L. Ir. Mt & 8. Ry 5! ISI’H P 11 e 4 1948. 1 9 a8 9 s D Gk & Wheeling Steel Corp. A willow tree at Iver Heath, England, has growing from it a mulberry tree, & cherry tree and a gooseberry bush. Stock and . Dividend Rate. 5% Aero Sup Mfg. B 143% Aero Underwrit, 5 Allegheny Gas Corp. Allied Pow & Lt ANl P& L 1stpf Allison Drug St A 14 Allison Drug St B. 539's 146 Aluminum Co of Am. 108% 103 Alu Co of Am pf(6). 47% 31 Am Arch Co (3). 23 5 Am Br B El fd shs. 207 Am Cit P&L A (a3).. 10 AmC P&L B (b10%) 16 Am Colortvpe(13)... 18 Am Com P A (130¢). 22 AmCom P B (130c). 415 Am Cmwlth Po war. % AmControlOiIFlds 19% Am Cyanam B ¢1.60) 15 Am Equities. . 25% Am For Power war. 71 Am Gas&Elec (11).. 5% Am Invest Inc B 3 Am Investors (war 190 Am Lt & Trac (10) 20'% Am Maize Prod (2) % Am Maracaibo.... 511 Am Salamand (3% 10t Am Solvents Chem. . 2515 Am Sol Ch cv pf (3). 22 Am St Pub S(A)1.60. 15 Am Superpowe 85 Am Super Ist pf (6). 82 Am Superpow pf (6) 8 Anchor PostF (2)... 11 Anglo-A n v cod 35c. 13% Anglo-Am v cod 3c. 15 Anglo Chil Nitrate.. 15% Arcturus Rad Tube.. .09 Ariz Globe Coppe: 23% Arizona Power. 3% Arkansas Nat Gas... g“. Arkansas Nat Gas A. Asso-Dyeing & Ptg.. 515 Asso-Elec Ind Ltd 3584 ASS0 GEE A (32.40). 315 Asso GRE A deb rt 20t Asso Rayon pf (6)... 25 Atl Coast Fish(1.20). 1 Atlantic Lobos pf 25 Atlas Plywood n. 301 Atlas Port Cem ( 7% Auto Voting Mach... 164 Aut V Mcv prpt (2). 12 Aviation Credit. 30 Axton-F Tob A 3.20., 46)% Bancomit Corp new., 284 Bickfor Inc pf (2%). 30 Blaw-Knox Co (1)... 10 Bliss Co (BW) (1), 314 Blue Ridge Corp. ... 2314 Blue R Corp ev pf 13. 13% Brazil Tr & Lt (2). 1% Bridgeport Machin: 1% Brill Corp B. 14 Brillo Mfg (1 4 BrCelanese Ltd re 55 Buckeve Pipe L (6) 9% Budd Wheel..... . 414 Bwana M Kubw 3 Cab&WireLtdA ret 1% Cab& WireLtdB ret 13 CAMCoctfs 2'4 Can Marconi. 1 Carib Syndi 25 Carman & Co A (2 3014 Carnation Co. . Caterpillar Trac 20 Celanese Corp... 80 Celan Cor 1st pf (7).. 12 Celluloid Corp. .. 6% Cent Atlantic State: 20 Cent PSv A (al.75). 12 Cen States El (340c). 70 CenStEIpfxw (6).. 4% Centrifug Pipe (60c) 6 Chain Stores Dev.... 11% Chain Stors Stk(b6). 97% Childs Copf (7)..... 16 City Mch & T (1.60). 20 Cities Service (330¢) 84 Citles Serv pf (6) 2% Clark Lighter A. 10 Clev Tractor.... 314 Club Alum Uten. 16'% Columbia Picture: 2 Comwlth & Sou wa 449% 210% Comwth Edison (8). 93% Comwlth Pow pf (6) 14 Communtiy WatServ 4 Consolidated Copper 121 Con Dairy Prod (32). 71 Con Gas Balt (3). 20% Con Gas Ut A (2.20). 1) 214 Consol Royal (60c).. 10 Continental Ofl..... 5% Copeland Prod Inc A 10 Cord Corp..ecsecsess 5% Creole Petroleum. 17% Crocker Wheeler(n). 3% Curtiss Alrports vte. Deere & Co (6 5% De Forest Radio. 17% 5% Detroit Alrcraft Cor. 41 38 Deu B Berret (2.12). 30% 9 Dix Gas & Utilit, 42 14% Doehler Die Casting. 1% # Dolores Esperanza 45% 16% Douglas Alreraft.... Dubelier Cond&Rad. 46 642 26% Durh D R pr pf % Dusz Co, Inc A cft. % Earl Radio Cor 4% 49% K) Bond & Sh (b6)... loflw 100 El Bond & Sh pf (6). 15 Kl Pow Associa 14 El Pow Associa 10% El P & L opt war, 3% EIl Sharehold (11)... 45% EI Sharehold of (6 25% Empire Pwr Corp(2) 5 Empire Steel Corp. . 23 Employ Reinsur 1%. 4 Engineers Gold 13% Eng P S opt wi 54 Evans Wallow Lead. 31 Fabrics Finishin, 1% 1'#geol MOtOF....vue 3 Fairchild Aviation. .. 5 Fairey Aviatn Ltd 61 Fajardo Sugar.. 6 @ansteel Products 20 Federated Metls(1).. 214 Fiat Stk debris..... 20% Fiat Stk deb ris rets. 47 Finan Inv N Y (b8).. 35 Fire As Phil (2%) 30 Firestone T&R ne .20 First Nat Copper. 8 Fokker Aafreraft. 15 Ford Motor Can A 30 Ford Motor Can B, s 10'« Ford Motor Ltd. 3 Foundation For Sha. 20 Fourth Nat Inv. 10 KFox Theat CLA. 70 Franklin M{g pt (7). 184 Garlock Pkg (1.20).¢ X7 Gen Am Invest new. 70 Gen Am Inv pfn (6) General Baking..... 4751 General Bak pf (8).. 7% Gen K Ltd rets (50¢) 20% Gen Empire Corp. .. 30 Gen Fireproof (2) 13% Gen Gas & El (A). 10 Gen Indus Alcohol. 10% Gen Laundry Mach 10% 60 92%. 80 Gien Alden Coal (10) 124 Globe Underwriters. ¥ Gold Coin. .. 3 Gold Seal Eln 2% Golden Cent .16 Goldfield Consol 32% Goldm Sach TC lbl) 25 Gorham Inc pf (3).. 4214 Gorham Mf vtc (32). 114 Goth Knitbac Mach. 16! Grara’ph'ne rets 2.91 Graymur Corp. ... GrA&PTnv (6, Gt Lakes Steel cod. Greenfleld Tap&Die. Groc Stors Prod vte, Ground Gripr(t1%). Guardian Invest.... Guenther Law Gulf Ol of Pa . 24% 116 5% 82% 27% Haygart Corp.. 70% 14% Hazeltine Corp (1).. — 328 N - P PSSR OTSIOP TS JOTUIIITS -1 {=EYSTOR OIS - PRUIY: pom - ORI D0 B o 3 816 8 43 THE EVENING STAR, WASHINGTON, 24 1214 L 28 16\ 48 48 105% 1051 ll\ m 54 1181 115 Inh M‘V. ‘22«, 224% 220“ 221'/-, 30 13% 13 13% 105 106 105 24% . 24% 24% 29% 27% 28% hQ'A sm 894 3 184 241 29% 89 3 1 s». 4% 27% 3% xs». 24% 3%, 208 2401 2401 2391 2391 2 9 4 3 ES 2 9 2 4 8 1 4 2 4 5 5 9 2 4 1 2 1 o 1. 6% 100s 415 1B 17 5 8 8 4 25 4 6 oM 9% 2508 164'% 159 9 5% % > PSP O T T T lfl 6 33 5 9 48 1 2 14 2 1108 15 3 7 2 2 2 10 1% Happiness Candy.... 22 98% 15 98% 98% 98% 15 12% 15 3 6 19% JM. 19% 94% 94 94 24% 244 24% 10 10 10 12% 124 12w 6 18% 12 15% % 1% 1% 15 15 69% T1% 6% 415% 415 416% 7 2 7 6% 3414 13% 20% 6% B4 14% 2044 6% 341 1315 20 6% B4 14% 20 * & il & 16% 16% 16% 16% 9% 9 1504 155 5 5 35 35 L % % % # “ 25% 25% 26 25 104 10% 10% 10% 16's 16% 15% 15% T6% 8% T34 T3 mzw, xoz‘u 102 102% 26% 22 22 21% 2% 17 194 75 35 1 35 35 L % zav. 21% zm 21% s 32% 981 981 24 24 20 20 115% 115 15 1% e k3 5% Bl M 4w 40% 40% 85 35 424 42% 115% 14% 231 281 35 35% 230 231 50% 50% 4 14 104 1% 20 20% 4% 4% 27% 27% 3 137% 138 133% 1334 1% 1% 1% 1% 36% 36% 34% 344 204 20% 20% &0% 50 14 415 26% 10% | 208 | 34014 41 a5% 494 o1 13 14% 431 ' 103 757 567 68% 191 134 26 301 481 31% 4% 9% 19% 22%, 16 28% 26% 3% 10% 43% 28 30 44% 117% 58% 28 47% 229% 626 57 3% 46t | 189 192 45% bl 3815 16% A4% 6374 18 149% 121% " Hecla Mining (1)... 260 4 Intercontinent Pet n 4 Kerr 8% % Lily Tulip Cup Corp. 103 3w 20% 85 28 10 1 4614 9 15% 80 1% 5 327 & Mid W Util ev pf(6). 4 Nat Aviation. Stock and Dividend Rate. Helena Rubenstein Heyden Chemic (2).. Hollinger Gold (60¢) Homaokla O} Hormel(Geo) Horn & Hard (2%).. Houston Gulf Gas. Hudson Bay M & 8. Humble OI (2).... Hydro El Serv (12).. Hygrade Food Prod. Illnofs P L (20)....900s Imp O1l Can n (50¢). 4 Ind Pipe Line (new). 11 Indlan Terr [llum. 8 Insull Utll. Inv. Insull Ut In 2d pf InsCo N A (12%) Insurance Sec (1.40) Intern Perfume (1). Int Petroleum 37%c. Int Superpower (31) Interstate Equitie: Interst. Eq. cv-pf. Inter Hos M (1 » Iron CapCopper, IrvAtr C (2) (1.50).. Itallan Superpow A Itallan Superp wa Kermath Mfg (1) Lake. . . Kleinert Co'(2%) Knott Corp (2.40) Kolster-Br (Am S| Lackawanna Sec(4). Lakey F & M (12.40). Lazarus F& R Co... Lehran (The) Corp. Leonard Ofl. . « Lerner Stores Corp LIbby McNell & L. Lion Ofl Refin (2)... Tondon T Syn rets 2, Lone St Gas (80c). Long Island Lt (40¢) Long Isid Lt pr(7).. Louisiana Lan & Ex. Mac Marr Stores. ... Mangel Strs pf (614) Mar Midland Corp. .. Marion Steam Shov. Mavis Bouling A NA R R RN S ARN OB RE S~ N0 a3 N o [ Mer Chap & 8 (1.60) MerChap&S pf A 6% Mesabl Iron...... Met & Min Ino (1,20, Met Chain Stores. Mexico-Ohlo Of1 Mid West Util (h§) 3 P FOIN - [V S0P o Mid Royalty cv pf 3. Midld Stl Prod 15.92 Midvale Co (3) Municipal Service. Nat Amer Co u). MRABE PRANeana /Nat Investors (new) at Pow & Lt pf (7). at Pub Serv B 1.60. at Rub Mach (2) Nat Sugar NJ (2) Nat'Transit (11%). Nat Union Radio. ... Neet Inc v A(1.60). Neptune Meter (2).. Newberry (JI)pf(7). New Brad Oil (50¢) . New Eng Pow pt (6) New Jer Zine n(t4).. 4 New Mex & Ariz Ld. ewmont Min (14).. ewport Co (new).. Y Auction (1%) ) N Y Invest (120). 10 5 2 5 115% 17% 20 % 644 81a 10% 4 24% 12% % 2% 6 20 15% 20 65% 4 Polymet Mfg (11). N Y Invest (war)... N Y Pet Royalty (1). N Y Tel pf (6%).... 22 Niagara Hud P(40¢c). Niag Hud Pw A war. Niag Hud Pw B war, Shars b1-40. ment Pond. 60 14 58 89 84 38 T wanSeSRenE North Amer Cement. North Am Util Sec. . North Cen Tex (60c) North St Pow A (8). N W Enginy Novadel Agene (2).. Ohio Copper. . Ohlo Oil (12% Oflstocks Ltd A 3500 Outbd Mot A (1.80).. Outboard Motor (B). Pac G&FE1 1st pf 1%. » =0 Romnrnan~~SaSra NnBang neans Parsm C Mfg (2.40). Param-F-L(n)w. 1.. Pennroad Corp... Penn Mex Fuel (1). Penn W & P (214) Peo L& P A (a2.40). Petrolm Corp (1%). Philip Morris Inc. .. Philippe(L)B(1.60). Pick(A)B&Co pf 1% . Pilot RT A (1.20) 9 8 o Pittsbgh Plate Plymouth Ofl Prince & Whitely.... Prince&Whitely pf 3 Prudential Inv. . Pub Util Hold war . Pyrene Mfg (80c)... Rwy & Lt Sec (14). . Rainbow Lum ProdA Rainbow Lum ProdB Red Warrior Relter-Fostel . Reliable Stoes b1 .. Reliance Mfg (4)... Reynolds Bros Inc. . Reynolds Met (new) Rhode [ P S pf (2). Rike Kumler. .. Rochester Cent Pow. % Roan Antelope,Min. . 144% 140 110 1% Rockland L & Ruberold Co (4) Rudd Mfg Co Ryerson (JT) (1214). St Regis Paper. . . ety CH&L (110).. eway S war (2d) . Sait Creek Con (40¢) Sait Creek Prod (2). Schiet & Zan pt 3%.. Schulte Un 6c-31 St. Sch U 5c-$1 8 pf (7). Selected Industries.. 30 SelIndallotefs5%. & Seg Lock & H (50c). 2 Sentry Safety Cont.. 10 Shattuck Den Min Sheaffer Pen (13)... 7. Shndoah Corp(b6% ) Shenan Corp pf (3).. Slerra Pac Elec (2).. Silica Gel et . Silver (1saac) Bros SimBPecvpf(3)... Singer Mfg (122%). Sisto Fin Corp. Solar Refining( Sonora Product; So Am Gold & P South Penn Ofl (2).. SEP&Loprpfi4).. So Cal Ed pf B(2%). Sout| 30s 4 4 S W Gas Ul 45 y 19% 100 4 18 29 4915 110 13 31 15 Southw Penn PL(1). Spanish & Gen Reg. Standard Dredging . . Stan Gas & El pt (7) Stand Oll of Ind $2% 174 Stand OIL Kan t23.. 2 Stand of Ky (12) Stand Pow & Lt. . Standard Screw (19) 50. Suarrett Corp..,.... 1 Starrett Corp pf(6).. Stein(A)& Co(1.60). 74 Stinnes (Hugo) 10 26 Strauss Roth. Stroock & Co 2% Stutz Motor Car. 30% Superhester (111 4 10 Sunray Ofl. Swan Finch £t & Co (8). 87% 25% Swift Intl (2).. Audoo m ll:h. m Close. 1 29% D. C, 14 67 1 | rates or to inaugurate such distributions | recent years, and as one investor put it and riding the rods the next.” TUESDAY, Stock and Sales— Divigend Rate. Syrac Wash M B (1) 1920~ Low 10% 4 Ten EI P 1st pf (7) Teck Hughes (60c) Tennessee Products. Texon,Qll & Land Thermoid Co (2) .. Third Nat Inv (1)... Thomp-Starrett. . Thomp Star pf (3%) Thomp Prod A (12). Tonopah Min (15¢) Transamer n (11.60). Tran Con Air Tran.. Tr-Lux D.L.P. S.(A) Tri-Cont Allied Tri-Continental Cor. Tri-Cont Corp pf (6) Triplez Safety Glass Tub Art Silk B (10). 225 Tung-Sol Lamp (2). Ulen & Co. .o Union Am Un N G Can (11.60) Union Tobaceo. ... Utd Carr Fastn United Ch pt pt (3).. United Corp wa United Dry Docks. United Elec Ser..... Unit El Ser pur war. United Gas Co...... Unit L & P A (60c) 4 Utd Lt & Popf (6).. United Porto Rie Co. Unit Reproducers B, a e » r oo PIRRNS- - JRTVIOR JOPOY. PP JOTNS - PN PP - P Add 00. Open. High. u' 1210 19 NOVEMBER 26, 1929. Stock and Dividend Rate. Close. % 10! 10% 19 Unit Sh Walker Watson Wenden West Al willlam: 4% annual payment. cash or stock. b Paval Walker Mining. Wayne Pump. .. Welch G Juice t1% Woodley Petroleum. Zonite Prod (1.60).. RIGHTS. % % Trans Corp... . Dividend rates in dollars based on FINANCIAL. Amm Oun High. u' Close. 6% 6814 25 23‘4 1 Mch (13%).. United Stores. ... .. Unit Verde Ext (4).. Utah Apex (50c).... Utility & Ind Util & Ind pf Util Power&Lt($1). UtP &L B ctfs (1) Utility Equitie: Vacuum O11 (14%).. 73 7! 5 95% Venezuela Pet (29¢). Viek Fin Corp. 8 Walgreen Co. Walgreen Co war... 40% 2% 57 30 1% 4 1% 114 62 Copper b % r Exp (6 29% RC (1.40). 15% 3% 20% 35 .29 35 quarterly or semi- (H) (1) (J W) Co Expire. .Jan. 4 *Ex-dividend. tPartly extra. iPlus extra in stock. & Payable in ble In stock. d Payable in preferred stock. RAIL PLANS AWAT CONGRESS ACTION Decisions Must Be Made on Various Mergers Proposed by Carriers. BY J. C. ROYLE. Speed limits are not likely to be ex- ceeded by the coming session of Con- gress, at least along transportation lines. Plans now being discussed by legislators indicate that the plan which will be submitted by the Interstate Commerce Commission will be carefully considered before any additional powers are granted the commission. Since ac- ceptance of any plan must hinge on the approval also of the railroads, unani- mous agreement seems well in the dis- tance. Nearly every major proposal for rafl- road consolidation which has been sub- mitted to the commission thus far has met with immediate objection either from other carriers or parties at inter- est. For example, some roads in the Eastern trunk line territory are press- ing vigorously for action on proposals already submitted, according Presi- dent Willard of the Baltimore & Ohio. Other roads are equally as urgent for their rejection. Northern Pacific Merger. It is regarded as doubtful if even the proposed merger of the Northern Pa- cific and -Great Northern will be given approval by the commission in its pres- ent form, according to those in close touch with the situation. The fly in that ointment is the fact that the roads in conjunction own control of the Chi- cago, Burlington & Quincy, a longer and perhaps more powerful factor in Western _transportation than either. Other carriers object that the merger would form a combination so powerful as to stifle competition in certain North- western territory. ‘These objections may be behind the proposal recently mentioned as_more | than a possibility by Arthur Curtiss | James, ranked as the greatest holder of railroad securities in the world, for a combination of the Burlington, the ‘Western Pacific and the Denver & Rio Grand> Western roads. Application for permission to build a connecting link in Oregon between the Great Northern and Western Pacific now is under consider- ation by the cammission and is vigor- ously opposed by the Southern Pacific. Further Complications. Further complications are presented by the competition of bus lines and mo- tor transport with the steam and elec- tric roads and by the move toward the extension of inland waterway transpor- tation. Freight lines ‘on the Great Lakes are likely to see some consolida- tions during the coming Winter, but these lines have always taken the stand that they are not common carriers. They have had a splendid season, owing to the demand for iron ore and the movement of new 600-foot vessels put in service have proved so economical that some combi- nation which will make the lake fleets more efficient and reduce expenses is demanded. The completion of a deep channel in the Ohio and the betterments along the Mississippi have led merchants, manu- facturers and big shippers to turn at- tention toward forming their own barge | lines to handle their own freight and | other freight and the adjustment of rail and water rates is of deep moment to the railroads from a competitive stand- , but_the | gal and grain, but the | Corporation for the first elght weeks | announced today, and were 26 per cent point. This movement to inland water- way transportation is only in its in- fancy. Connection by deep channel (at least 9 feet) between the Great Lakes | and the GuIf is a matter of a compara- | tively brief time. The roads have .been making excel- lent profits. Car loadings are high and | the regional shippers advisory boards | have given no indication of any marked | drop in car demand for the next few | months. The railroad executives have | agreed to push programs of expansion, but to do this they must have additional money and delays and uncertainties are not calculated to make the task of marketing or underwriting the necessary security issues any easfer. For some time now, the general average price of rail- road common stocks has been between 12 and 13 times earnings. Prices since the sensational market decline have been well under that ratio, and this may have a bearing on the absorption of new issues, if the Interstate Commerce Com- mission fixes & limit beneath which they may not be offered as it has done be- fore. Speedy Action to Be Asked. On the other hand, many roads are now in position or shortly will be in a position to declare increases in dividend | by present non-dividend payers. ‘There is no doubt whatever that | speedy action by Congress will be press- | ed for. The number of holders of ra road securitics has grown amazingly in these shareholders and bondholders are | tired of “riding the cushions one mile (Copyright, 1929.) Yesterday’s New York Stock and Bond Averages. Prom the 5:30 Edition. By the Associated Press. ST trials. %] Ten first-grade rails Ten secondary rails. | 1,600 shares of Marine Midland Corp. BONDS ON THE CURB MARKET. OMESTIC BONDS. 8 High. Low. Noon. 95V% 10108 10112 Sales in thousands. 2 Alabama Pow 414 33 Aluminum Co, 55 >m: 104 34 ol 1A% TElywood §as 3 Beh "rel"Gan 813 ”"’6 Emp O 1 Firestone Tire, 55 7 Fla Pow & Lt 5 29 Gatineau Pow 8 en Thea Eq 6 8 H G O 14 Hygr Food 6s 811l Pow & Lgt 8'es gh\gr‘u (ITH,,:!L gfl . : ZIR! nP“flpw Sec s E 57 QJ’ 1 Lel ]?uh P S h A 2076 lD! 25 Libby McN & L 55 9214 hsett 55 .}DN‘";" Lt 6s flA Igifi ln:l’ 28 1 Niac@alls £ ¢ 4 Nor' State P 6158 3 Phila El 51gs ‘72 10 Phila Rap Tr 68 1Pitts Steel 63 '48 FOREIGN BONDS. Chile Cons 7n '80. 18 Ehiie Mtxe BK 65 ‘62, My TIX 9 51Ital Sup an 65 '63. 10 Prussia '18 65 52 ur—Under ruie Vhen issued. With warrants xw—Without warrants. Wall Street Brief: 57 the Associated Press. Receipts from domestic film rentals of the Paramount-Famous-Lasky of the fourth quarter broke all records for_any consecutive eight-week period in the history of the company, it was anead of the feceipts for the cor- responding period of 1928, New securities offered for puhllc sub- scflption tomorrow include an issue of $3.900,000 first mortgage 6'z per cent sinking funds bonds, series “A,” of the | Park-Plaza, an apartment hotel now under construction in St. Louis. | The J. D. Adams Manufacturing Co. of Indianapolis, producers of road build- | ing_equipment, has purchased a plant at Paris, Ontario, which will be oper- ated by a Canadian subsidiary to be | known ‘as J. D. Adams (Canada). Ltd. o | The Newport “Co. of Milwaukee, through acquisition of about 70 per cent of the common stock, has bought control of the Acetol Products Co: Stockholders of the Bigelow-Hart- ford Carpet Co.,. today approved the purchase of the assets of the Stephen Sanford & Sons, Inc. the merged organization will be the Bigelow-Sanford Carpet & Rug Co. The Bangor & Aroostock Railroad in- formed stockholders today that those who have subscribed to the recent offer to buy new common stock at $60 a share may pay one-half of the purchase price on December 7, the date on which the subscription rights expire, and the re- mainder on February 7. The class “A” stock of Insuranshares Corp. of Delaware has been listed on the New York Stock Exchange, and trading will begin in the stock on that market tomorrow. The listing applica- tion shows 78.2 per cent of its portfolio | in insurance stocks, 18.8 in bank stocks | and 3 per cent in miscellaneous shares. Abcut half of its investment in bank stocks is in the First National Bank of | New York. The largest number of shares | held in any banking organization is| Among its insurance holdings are 11,303 shares of Insurance Co. of North Amer- | ica, 6,519 Continental Insurance, 8,000 General Alllance, 3,720 Aetna Cnsunl! and 1,100 shares of Aetna Life. Miscel- laneous holdings include 2,000 shares of | International Harvester and 4,500 shares | B of Mlnneapwnx-Molln! NEW YORK COTTON. NEW YORK, November 26 (#).— Cotton opened steady at a decline of 2 to 7 points today under some local realizing or liquidation combined with | bis & little Southern selling. Active months showed net es of about 5 to 8 points during the early trading with January selling down to 17.42 and May to 17.97, but the offerings were comparatively light and prices later steadied on some trade buying and covering. By the end of the flnt half hour the market was quiet and within 4 or 5 points of yesterday's closing quota- tions. There was a litle more Decem- ber liquidation this morning which ap- peared to be absorbed by spot mwmc Liverpool cables reported hedgini Continental and Bonbay selling \\lth 9311 | Statistics Co., Inc., New York, Associated Press: i | 6.25. Corporation News NEW YORK, November, #%6.—The fol- lowing is today's summary of important corporation news prepared by Standard for the News Trend. Rallroad earnings reports for October continue the mixed trend of the earlier reports for the month, with the aggre- gate net, however, showing a sizeable decline. The Eastern roads, with the exception of Pennsylvania and New Haven, have nearly all reported earn- ings below a year ago, whereas the Western section is contributing almost as many increases as deelines. Rail- roads in the highly industrialized East- ern territory are more sensitive to & falling off in industrial activity than sequently reflects more quickly any general slowing down in business. Further numerous favorable dividend actions were announced during the day, the outstanding ones being Phillips Pe- troelum, International Match and Fos- ter Wheeler., Aggregate dividend dis- bursements for the last quarter of 1929 apparently will be the largest for any corresponding quarter fi. history. In- dications are that many additional in- creases will be announced before the turn of the year. The Companies. Express revises exchange ofler lm' Railway & Express from 11-5 to 1Y, Adams shares for each share of Rallwny & Express stock. American Hawaiian Steamship ac- quires Williams Steamship Line. American Maize Products declares extra dividend of 80 cents and regular quarterly of 50 cents. Anglo-American _Oil, Ltd., declares interim dividend of 36 9-16 cents; paid 36% cents on June 5. Ann Arbor Railroad October net up 11 per cent: 10 months, 18 per cent above year ago. days of November up 31.6 per cent above year ago. Bangor & Aroostock president esti- mates 1929 net at $7.75 per common share vs. $6.94 year ago. per share in nine months to September 30 vs. $4.72 year ago. Chicago, Burlington & ;;pe;:éia over $30,000,000 for improvements n . Chicago Great Western October net up slightly; 10 months, 13.5 per cent over year ago. Durkee Thomas earned 63 cents per gl:u“B share in five months to Octo- T 31, Foster Wheeler increases annual divi- dend rate from $1 to $2. Erie Railroad October net off 10.8 per cem 10 months 15 per cent above year Gemnl Motors—prices of Cadillacs to be increased $250 to $300 and La %::121'! $150 to $200, effective Decem- Gold Seal Electrical had $746,254 sales in quarter ended October 31 against $153,866 a year ago. Hartman ~Corporation stockholders take no action on proposed merger with Montgomery Ward & Co., thereby void- ing contract. GRAIN MARKET. CHICAGO, November 26 (#)—Fresh | downturns in wheat values took place during the late dealings today, with rallies more than wiped ou Much of the late pressure on the market came from wheat holders who were desirous of avoiding any ill effects of possible heavy deliveries on December contracts here. Relative slowness of export de- mand today for wheat from North America tended also to promote selling. Wheat closed nervous, at the same as yesterday's finish to % lower. Corn finished s off to 3; up, oats unchanged to % down, and pmvi’slons showing 7 to 17 advance. The name of | My 10.30 1095 1137 1017 10.85 125 M’ETAI. MARKET. NEW YORK, November 26 (P).— ' Copper quiet; _electrolytic, spot and future, 18.00. " Iron steady, unchanged. Tin ea: spot and nearby, 41.62: future, 42.00. Lead steady; spot, New York, 6.2! East_St. Louis, 6.10. Zlncl steady; East St. Louis, spot and future, | Antimony, 8.26. SILVER QUOTATIONS NEW YORK, November 26 (#).—Bar | silver, 49%. Mexican dollars, 363. NEW YORK BANK STOCKS. Special Dispatch to The Btar. NEW YORK, November 26.— America Park Central National Harriman’ Industrial “ SnoEEd ER 28 & poor offtake, and said the ST ot Wt gt e demand for Bssazes ae the remainder of the country, and con-| good Auburn_automobile sales for first 15 | Canada Dry Ginger Ale earned $5.55 | /. Quincy to|} v 15 SHORT SALES PROBE ENDED BY ExanNaE — By the Associated Press. * NEW YORK, November u.—'!'ne boards of governors of the New York Stock and Curb Exchanges today noti- fied members to discontinue making the! daily reports by which exchange officials have been kept informed as to the ex. tent and ldenmy of professional “bear” activity, or short selling. ‘The exchanges have been recel daily reports on the position of she accounts, beginning with the close of business November 12. A questionnaire called for information as to loaned or borrowed, the amount, from vhom loaned or borrowed, and for whose account. This information was requested in an effort to discourage “bear” raids on the market during the demoralized condi- tions caused by the renewed, unexpected and generally inexplicable colllpll of prices in the week beginning November 11. It was understood no such radical’ action as the prohibition of short selling was contem| officials teeling that t tionnaire would be adequate. No disclosures have been made as to what the questionnaires revealed, but they are generally regarded as hlvln; h.l a salutary effect, as the markets began to regain their stability soon after the first reports were received. Wall Street was encouraged by the evidence of confidence in the improved market conditions as shown by the ex- changes’ willingness to discontinue the dally efforts. CHICAGO LIVE STOCK MARKET CHICAGO, November 26 (#)—U. 8. Department of Agriculture—Hogs—Re« ts, 49,000 head, including 11,000 di- market mostly 10 to 20 lower: slow at decline; top, 9.10; mostly a 9.00 market on hogs scaling over 190 pounds; good to choice, 190 to 180 pounds, 8.50 to 890: butchers, medium to choice, 250 to 300 pounds. 8.50 to 9.10; 200 to 250 pounds, 8.75 to 9.10; 160 to 200 pounds, 8.50 to 9.05; 130 to 160 poundl, 8.10 to 8.90; packing sows, 7.85 to 8. pigs, medium to choice, 90 to 130 pounds, 7.50 to 8.60. Cattle receipts, 13,000 head; calves, receipts, 2,000 head; light yearlings scarce; active, firm: weighty steers, slow undertone, ~weak: largely & steer run, with medium weights and weighty kinds predominat prospective top yearlings, fed with show steers, around 16.00; best heavies around 14.75; slnughur classes, steers, and choice, 1,300 to 1500 pounds, 12.00 to 14.75: 1,100 to 1,300 pounds, 1225 to 15.50; 950 to noo pounds, 12.25 to 15.50; common and medium, 850 pounds up, 8.00 to 12.50; fed yearlings, good and choice, 750 to 950 pounds, 13.00 to 15.75; heue? good and choice, 850 pounds down, 12.50 t0°15.00; common and medium, 7.25 12.50; cows, good and choice, 7.50 m . common and medium, 6.00 to .50; low cutters and_ cutters, 4.75 to 6.00; bulls, good and choice (beef), 8.85 to 10.00; cutters to medium, 650 to 825 vealers (milk fed), good and 0 to 15.00; medium, 11.00 to - 12 50 "cull and common, 7.00 to 11.00; stocker and feeder steers, good and choice, all weights, 10.25 to 11.00; com mon and medium, 7.50 to 9.75. Sheep—Receipts, 12,000 head: market ypening strong to outsiders; choice lambs, 13.25; extreme top, 13.50; indications, bulk, 12.75 to 13.00; fat ewes steady, ; feeders, quotable mk‘ lambs, good and choice, 92 pounds down, 112,50 to 13.50; medium, 11.00 to 12.50 common, 9.00 to 11.00; ewes, medlum to choice, 150 pounds down, to 6.00: | cull and common, 2.25 to l feeder | lambs, good and choice, 11.75 '.o 13.00. — el TREASURY CEBTI!'ICATE! (Revorted by J. & W. Sellgman & Co.) Rate—Maturity. 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