Evening Star Newspaper, October 17, 1930, Page 14

—14 ¥¥¥ FINANCIAL, OCTOBER 17, 1930. FINANCIAL.® LARGE FARM UNITS STAR, WASHINGTON, D. C, FRIDAY, THE EVENING NEW YORK STOCK EXCHANGE , INCREASING IN'U. S. Quantity Production Reduces Cost of Raising Wheat, % but Prices Are Low. BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK, October 17.—“The United States will be importing wheat from Canada within five years,” says E. W. Beatty, president of the Canadian Pacific Railroad. From the standpoint of the American farmer this would mean higher prices for his own wheat, but Mr. Beatty's prophesy will hardly be realized within the time limit he sets. However, if wheat prices remain low for two or three years the inevitable drop in production will take place. ‘This might bring about the condition which President Beatty forecasts within half a decade. There’s not as much future for the small-unit wheat farmer today as there is for the big one whose production costs can be lowered with the aid of modern machinery to meet the world price level. Today thousands of farms are being bought up in various parts of the United States, merged into large farm unit corporations and farmed under the machine methods which have been so widely advertised by Thomas D. Camp- bell, bonanza wheat farmer of Montana. Flour Prices Drop. Flour prices are lower now than they have been in 24 years, and bakers all over the United States are announcing reductions in the price of bread. One chain of stores has gone back to the old 5-cent loaf. Tom Smith, secretary of the Ameri- can Bakers' Association, says that from 40 to 50 per cent of all bread flour goes into commercial bakeries. “Although no accurate data exist for the industry,” he adds, “the overhead for pay roll, machinery, modern equip- ment and distribution is by far the larger part of the cost of a loaf of bread: the wrapping of loaves alone costs from one-third to two-thirds of cent.” - o Henry Strude, president of the same association, gives another reason for the decline in flour prices. He says Ameri- cans are not eating as much bread as they formerly did. Before the war they consumed 5.30 bushels of wheat per capita annually, and today but 4.26 els. how, Chicago standard grade flour ha:ngmpped tmfl‘\ $7 a barrel in Janu- ary, last, to $4.60 now. Farm Mortgages. ? Insurance companies have given more thought to farm mortgages in the last leyunthlnthezhlvzwmyomr investment lormmmo!m of dollars have been loaned in this way—loaned when land prices dred ds, 3 .50 per bushel. Now wheat, from which the farmer to interest on B mel’Axup:ay 78 cents at %16 cents now b Sy ; affected price of land is dlnecfly. - _decline in farm values ry severe. It has bankru of farmers. Mil- ‘The advantage of rflhudwunvel over sirplane travel lies in the availability and proximity of> railroad stations to business centers. This applies both to and to (rellh"i services. 5 Most._al are miles away from city unm often takes an hour or more to reach an airport. Few people travel, for instance, by airplane from Philadelphia to New York,» although Frank Hawks, the , made that distance the It takes too Vision of Future. Some airplane engineers believe that in the not far future airplanes will be caught on a magnetic pole as they pass through the air and “tie into the larger buildings of the great cities"—that is, in case the helicopter is not perfected before that. If the helicopter becomes workable, then the planes can rise horizontally from the bulldings of New York to a height of 1,000 or 2.000 feet, and move across to Philadelphfa, where they could descend, also horizontally, upon the tops of the bufi\;d’ém, without. the aid of landing field. *"But that is & matter for the future. Right now, railroads will do well to heed the advice of Sir Henry and speed up rallway passenger service. (Copyright, 1930. by the North American paper Alliance.) RAILROAD DIVIDENDS ARE CONSIDERED SAFE Special Dispatch to The Star. NEW YORK, October understood that no consideration has been given to a reduction in the Balti- more & Ohio common stock dividend and that, as earnings point for 1931, the management is confident that it can maintain the present rate of pay- ment for another 12 months. There is also no reason to question the existing 171t is dividends on Northern Pacific, Great Northern, Tllinois Central or Louisville & Nashville. It is also felt that if Southern Railway can go on paying 8 . per cent on its common stock Te- of the Atlantic Coast Line B. & 0. CAR BUILDING. ~Prev.1930~ High. Low. Recelved by Private Wire Direct to The Star Office. Dividend Rate. 511 30% LouG & E (A) (1%) 1381 106% Louts & Nash (7).... 4% 37% 14% Ludlum Steel. 23 Mac And & F (12.35) 49% McCrory (A) (2). 47 McCrory (B) (2).... 61 McKeespt T P(16%). 12% McKesson & Rob (1) 8814 45! Mack Trucks (6).... 159% 109 Macy & Co (nt3). 521 20% Magma Corper (3 3 51 32 4 Malllson&Co ..... 24 Man Elev mod g (d5) 9 Manhat Shirt (1). 261 Marine Mid (1.20)... 261 Marlin-Rock (15%). 6 Marmon Motor Car.. 3: Marshall Fleld (2%) % 32% Mathieson Alkali (2) 115 Mathieson pf (7).... 3314 May Dept Strs (n2).. 20 Maytag Co pf (3). 7 Mengel Co (2). 281 Metro Gold pf (1.89). 15 Mexican Seaboard. .. 9 Miami Copper. 43 Michigan Stl (h23). 18 Mid-Cont Pet (2).... 211 Midland Steel (3) . 84 Mid!and Steel pf (8). 614 Minn Moline Pow 1, Minn & St Louls. 27% Mo Kan & Tex (3). 86 Mo Kan & Tex pf (7) : 42 Missouri Pacific. .. 145'; 100 ~ Missouri Pac pf (5).. 4974 16' 2 2 92 152 29! 30 178 23% 60! 325 164 101 27% 22 21% Montgom Ward (3).. %2. 3 Moon Motors........ 487% Morrell & Co (4.40).. % Mother Lode (20c).. 11> Motor Meter G & El.. 15% Motor Wheel (3) 8 Mullins Mfg. .. 40 Mullins Mg pf (7). . 9% Murray (B) (2% stk) 29% Nash Motors (4) Nat Biscuit (+3.30).., 1421 Nat Biscuit pf (7)... Nat Cash Reg A (14) 40% Nat Dairy (12)...... 80% Nat Dept St 15t (7). . e 23% NatDist Products(2) 116% Nat Lead (18). : 116 . Nat Lead pf (B) (6). 30% Nat Pow & Lt (1) 1% Nat Radiator. . 854 Nat Supply (5)...... 106'% Nat Supply pf (7)... 16% Natl Tea (1). Nevada Copper (1) N O Tex & Mex (7).. ( 139 N Y Central (8).. 88% NYChi&StL (6). % N Y State Railways. . 100 N Y Steam pf(6). 110 NY Steam 1st pf (7) 615 Norfolk & Southern.. 212% Norf & Western (10) 5% North Am Aviation. . 81% Nor Am (b10%stk) 100% North Am Ea pf (6).. 36% No Ger Lloyd (3.43). 56% Northern Pacifie (5). 22 Ohio 01l Co (2).. 5% Oliver Farm Equip. 35% OlivF Eqpt A (6)... 8 Oliver Farm Eq cv pt 2% Omnibus Corp... . 55 Otis Elevn (2%) 16% Otis Steel (234) . 37 Owens Ill Glass (3).. 4% Pacific Coast........ 48% Pacific Gas & Bi (2).. 64 Pacific Lighting (3). 19% Pacific Mills 129 Pacific Tel & Tel (7 9% Packard Motor (1).. 46% Param'nt Publix (4). 10 Park & Tilford. 1% Park Utah..... 7 Parmelee Tran (60c) 2% Pathe Exchang - 5 Pathe Exchange (A). ! ). 44% Penney (JC) (3). 93% Penney (JC) pf A (6) 5 Penn Dixie Cement. 647 Penna R R (4) 31% Peop Drug Strs (1) 216 People’s Gas Ch (8)., % 122 Pere Marquette (18). 943 Pere Marq pr pt (5).. 11 Petrol Corp (1%).... % 17% Pet Milk (1%). 44% ¢ 11% Phila ReadC&1.... 8% Philip Morris&Co(1) 21 Phillips Petrol (n2).. 80 Phoenix Hos pt (7) 19 Plerce-Arrow (A). 16% Pierce Oll pf. 2% Pierce Petrolm(10c). 27 Plilsbury Flour (2).. 334 Pittsburgh Coal. 72 Pittsburgh Coal pf... 15% Pitts Screw (1.40). 9315 Pitts Steel pf (7) Pitts Unit Cp pf(7).. Pittston Co (76¢) Poor & Co (B) (2). 681 Postal Tel & C pf (7) 4 PRAmTob(B).... 22 Prairie Ol & Gas (2) 27% Erairie Pipe L (15).. 4% Pressed Steel Car, 16% P 27% ure Ofl ( 114% 106 Pure Oll pf (3). 52 21% Radio Corp. .. 48% Radio pf A (3%). 54% Radio Corp (B) (5) 17% Radlo-Keith-Orph 19% Raybestos Man 2 6 47i Reading 24 pf (2 34% Real Silk (5). 18 Rem Rand (1. 814 Reo Motor Car (80¢). 18 Republic St Reynolds Metals (2). Reynolds Spring. . Reynolds Tob B (3).. 7% Richfield Oil (new).. 8% Rio Grande Ofl. . Rossia Insur (2.20).. Royal Dutch a3.2166. 57% Safeway Stores (5).. 87 Safeway pf (6) . 31 St Joseph Lead (13). 64% St L-San Fran (8)... 8215 St L-San Fran pf (6) 46 StL Southwestern 16 Savage Arms (2).... 4% Schulte Retail Strs. . 1% Seaboard Air Line... 3 Seab'd Air Line pf. .. 52% Sears Roebuck $2%.. 4% Second Natl Inv. 58% Sec NatInvpf (5)... - PRI 0 R R e St Sou,w 22, - wear twaarea e Do 00 108 181 (1 IRPH T AR - g T T T T LT £ FUTPISTOPRON. - U e Y p{ Purity Bakeries (4) .. ~Prev.1930 High. Low. 1% on 10% Shell Ui 84 301 25 3615 ¥ 454 29% T 129% 67 Sparks 9 a6 | 114% 19% | 18% 22 85 ™ ] 284 88 44 103% 25 Starret 8 Ste Stone & Sun 011 4 102% Sun Oil 3218 1% 819 15% 81y 421 48 5 107 Superio; Sweets The Fai Thermo! Timken Timken Tri-Con Twin Ci Utd Alre U 8 Fre! US Ind Univ P§ Va-Car L -Car Va El& ‘a Iron Va Iron Vulean 50 West Weston Willys- Willys- Wilson Wilson Yellow Youngs Divid cast pasments b tions. 4 53% 5% 58% Stock and les— Dividend Rate. Add02. High. Seneca Copper... Servel I P % Sou P Ric Sug (1.40) Southern Cal rn Pacific (6). Southern Rwy pf (5) Spencer Kellog(80¢). Spicer MIK...... Spicer Mg pt (3) Stand Brands (1%) Stand Comm Tob. Superheater (13%). Telautograph Tenn Cop s Corp (3). Gulf Sulph . Texas & Pacific (5). Texas P C & Oil. % Texas Pac Land T ‘Thatcher Mfg (1.60). ‘Thatcher pf (3.60).., Third Nat Inv (2).... Thompson (J R) (3). ‘Thompson Pr (2.40) .. ‘Thompson Starrett. , Thomp-Star pf (3%) Tide Water As (60c) Tobaceo Products. Tob Prod (A) (80¢) Transamerica (1) Trico Prod (2%), Ulen & Co (1.60) Una-Ell-Fischer ( Union Bag & Pape: Union Carbide (3. Union Ol of Cal (32) Union Pacifie (10)... 4 Union Pacifie pf (4)., Un Tank Car (1.60). Utd Alrcraft, . White Motors (2). Wh Rock M 8 (1434). White SewingMach. . White Sew Mach pf. Woolworth (2.40’ Worthington Pump. . Worth Pump (A) (7) Wrigley (Wm) (4).. Yale & Towne (2)... Young Sh & Tube(5) Young S&T (B) stpd % Zenith Radio oh Sales of Stocks on New based"s ne. . Steel Hoop. . S| Sharp & Dohme...... 28% Shattuck(FG)(t1%) nion Ofl...... Shell Un Oll pf (5%). Shubert Theaters. Simmons Co. . Simms Petrol (1.60). Sinclair Con Ofl (2). Sinclair Oil pf (8) Skelly O11 (2).. Ed (2). Withing (1).. wBuBompannBuaanm Stand O of Cal (2%). Stand Oll Exp pf (5). Stand Oll of Kan (2) Stand Ofl of N J (2) Stand Oll N Y (1.60 t(LS8) ( Sterling See (A). rl Sec cv pf (3). t-Warner (2). Webster (4). Studebaker Corp (3). Studebaker Co pt (7) (11) . »f (6 r Ol of Amer (1).. (11.40) Ch (1) ® Cxmaaanun r (2.40). 1d Co. - Det Ax (30c) Roller (3) PP P 't Corp. . Tri-Cont Corp pf (§). Truseon St (£1.20).. ty RT pf (7) craft pf (3), Utd Biscult (1 60) 4 Utd Carbon (2). Utd Cigar Stor - Utd Cigar Stores pf. Utd Corp (50¢) . 201 Utd Corp pf (3). Utd Electric Coal, Utd Fruit (4). Utd Gas & Im ight (3)...... Alcohol (17) U S Leath pr pf (7). USPipe &F (2)..., U S Realty&Imp(3) U 8 Tobaceo (4) % U 8 Tobaceo pf (7).. Univ Pic 18t pf (8).. pe & Rad. ... Util Pow & Lt A (e2) Vadasco Sales Corp. vanadium Corp (3). Chem 6% pf.. Chem pf (7).. 3 Pow pf (§).. 208 Coal & Coke. 40s Coal & C pf. Det (4). Wabash...... Waldorf Systm (1 Wess Oil & Snow (2), 2 W & Sn pf (4).. West Penn El A (7). West Penn El pf (6). 10s West Penn El pf (7). h West Penn Pw pf () 760 n P of (7)., 20s Western Dairy A (4) Western Dairy (B). Western Md. tingh'se A B (2). Wv sting E & M (5).. El Instr (1) Overland. ... Over pf (7) & Co (A) & Co pf, . Truck....... Spring (3).. Rhomnatomananne~ an 20% 1 90 1120 4 4% York Exchange 313,200 12:00 Noen. + 1,427,500 given in the above on the latest quarterly NEW YORK, October 17—The fol- CORPORATIO REPORTS TRENDS AND PROSPECTS N OF LEADING ORGANIZATIONS that present adjustment was made be- cause of local conditions, several pro- ducers having been selling below posted ices and disregarding proration al- ents. Important dividend changes in the day’s news were announcement of omis sion of quarterly disbursements by E. G. Budd Manuf; nd Foremost Dairy Products. An initial dividend of 10 cents on common stock was declared by Plerce Petroleum. Bickford, Inc., reported r share earning for thi quarter and nine months. The Companies. Assoclated Dry Goods current inven- tories about $1,000,000 below 1929 lev- els; decline about 10 per cent. Associated Gas & Electric stockhold- ers currently number 214,741, increase about 3,000 in past month. Aviation Corporation (Dell"l‘:e) di- inal val issued and ing to $5 share from $10; 332,510 shares have been purchased at cost of $2,- 675,461; remaining 67,490 shares would be purchased at not -exceeding $6.50 Baitimore & Ohio R. R. directors au- thorize for expenditure $4,000,000 ing 2,000 it cars in own . m&rn-m’ ings 35 cents common share, against 31 cents in 1929 period; nine months, $1.39, against 98 cepts. Canada Dry Ginger Ale president states dividend for year ended Sep- tember 30 was earned good margin; fi: were within z.:r'emz':x 1929 Consolidated Film Industries obtains five-year contract involving ird [more than 00,000,000 feet Alm " from etro-Goldwyn. M -Mayer. 44| American Bureau of BONDS IRREGULAR | o v BONDS o] [SEEK T0 STEADY ON FORGED SELLING South American Proves Strong Feature. Prime Issues Firm. BY F. H. RICHARDSON. Special Dispaich to The Star. NEW YORK, October 17.—With the exception of the South American group, which continued its recovery in marked fashion, bonds had an irregular trend today. ‘The market came under the influence of renewed weakness in stocks and there was additional forced selling of secondary and third-grade domestic descriptions. For the most part high- grade bonds held their levels. Con- vertibles were off all around. At the opening the individual feature was the weakness in General Theaters Equipment 6s, which droped over 2 ints to & new low. This reflected a decline in the compan; stock and Iresh uncertainty as to earnings for the balance of the year. Other convertibles to drop were Alleghany 5s, Baltimore & Ohio 4%;s, Commercial Investment ‘Trust 5!5s, Philadelphia & Reading Coal & Iron 6s, Chicago & Northwestern 4%s, and Warner Brothers Pictures 6s. The arrival of $15,000,000 in gold from Brazil at a time when that country is plunged in a civil war proved & reassuring factor for Brazilian Bonds. Rio de Janeira 8s ran up over 6 points, Brazil 6'28 up 1 point and Soa Paulo issues up about a point each. Bolivians also advanced, the 7s of 1958 by 7 points, and the 7s of 1969 by 2 points. Others to gain were Chile 6s, Argen- tine 6s, Peru 6s, Buenos Aires 6s and Santa Fe Ts. Other foreign dollar bonds that were strong included Italy 7s, Milan 6':s, Poland 8s and 7s, Vienna 6s and War- saw 7s. German bonds were fractionally improved. ‘The new capital market had $20,000,- 000 of Gillette Safety Razor Co. 10-year 5 per cent convertible debentures to absorb. The debentures are convertible into common stock of the newly merged Gillette-Auto Strop concern at any time on the basis of 10 common shares for each $1,000 debenture. The stock is currently quoted a little over $40. The bonds were offered at 96. In the prime domestic section Atchi- son general 4s, Prisco A 4s, Standard Oil of New.Jersey 5s and Duquesne Light 4128 were a shade higher, but there were declines in Pennsylvania 4128, Union Pacific first 4s, Great Northern 7s and Inland Steel 4l5s. United States Government issues were lht‘rtg:(. Liberty first 4%s going to a new g Washington Stock Exchange SALES. Potomac Electric 6s 1953—8$2,000 at 109%5. Nolrfo:kfi% ‘Washington Steamboat Co.— a . Prince Georges Bank & Trust Co.—25 at 30, 25 at 30. Merft':;x’lu' Transter & Storage pfd.-—10 at 93} Peoples Drug Stores pfd.—10 at 101, 5 at 101, ‘The Carpel Corp—50 at 23'4. AFTER CALL. Washinglor Gas 6s “A”—$1,000 at 103. Potomac Electric 6% pfd.—3 at 111, Bid and Asked Prices. BONDS. Bid. Asked 101 tomac Elec. cons: Potomac Elec. 6 Wash., Alex. & Mt. PUBLIC UTILITY. Amer. Tel. & Tel. (9] Gpital Tiaction Co. h. Rwy. & Elec. com Wash. Rwy. & Bl pra. (5 SaRitnbia 125 TN T Gommercial (stamped) (10) trict (8) ) !YI‘-?;‘IIEHCIH 100 e oo T TP i monltan (10, Setena''Bei Washington (13 TRUST COMPANY. Amer. Security & Tr. Co. (15) Continental Trust (6) Merchants’ Bank & Trust (6) National Savings & Tr (121) Prince Georges Bank & Trust e e theye s & Tt ‘Washington Lo & Trust (14). SAVINGS BANK. Bank of Bethesda (8%) Commerce & Savings (i0) East Washington (12).. Potomac (10) Security Sav. & Co Seventh Street (12). United States (30).. 00011l Wash. Mechanics (20)... 00000 FIRE INSURANCE. American (12).. g Corcoran (10).".."" Firemen's (8).. "' v National Union ‘(15" 4 TITLE INSURANCE. Columbia (6h)... 5 Real Estate (8hj 5 .. Title & Inv. Co. Md. co; MISCELLANEOUS. arber & Ross. Inc., com. . .. Dairy 'pfd. Mer. Tr. E Mergenthaler Natl Mg & Inv. old, Feoples Brus Siores prd Rea M. & G, ptd. (8) Security ‘Storage (de)...... Cor Wash: Med. Bids. o Woodward & Lothrop “Ex dividend. Tioc ox 1% extra ela% ex TIME FUNDS HIGHER. By the Associated Press. Time funds stiffened slightly in im- portant money centers last week, but call loans were pegged at 2 per cent. ‘The following averages for comparable periods were calculated by the Depart- ment of Commerce: Time Call Week ended October 11.... 3.00 Previous week .. Same week last year rp. pid.” (7). 2.00 5.375 COPPER PRODUCTION. NEW YOR::. October }; () —World production copper September showed an_increase over August, the Metal Statistics luction totaled it 148,321 in however, showed - from 174,135 short tons re- ported for September last year, it e el 3 tembe: mumm tons, 4 A The figure, ‘:n have_been e rangemen! ve. sale of a New York $255,000, an wlllhln.“ previous sale, (). —Ar- for the Group | ¢ ¥ UNITED STATES. (Sales are in $1.000.) Sales. Hish Low. Oless. 29 1018 1016 1016 10216 10216 13 10312 10812 25 10212 10212 10212 35 10825 10821 10825 8 11228 11226 11226 FOREIGN. h. u US4us'sa.. Argentine May "61. Argentine 6s Ju ’69 Argentine 6s Oc '59 Argentine 6s A '57. Argentine 63 B '58. Australia 43;s 56. Australia 5 Australia bs '87 Austrials '55. Belgium 7s *66. Belgium 8s*41. Bolivar 7s '58. Colombia, Con Pow Japan 7s. Copenhag 4%s '63. Copenhag 63 ‘62 Dan Mun 83 B Denmark 4%, Denmark 5% s '55. Denmark 63°42. ... Dutch Fast 16547 Dutch East 1 6s ‘62 Dutch East 1 Nov.. Finland 5% ‘68 5 Fra; KFrench 7849, b French Gvt 748 41 3 Gelsenkirchen 6s'34 German Bank German 631 '50 German 7s rep * Hait! 6562, Hol-Am 88 f 6a. .. Hungary 7%s *44 Irish Free S¢ 5560 Italy 851, Italy Pub Sv Japanese 45 '3 %, 1 Jugosl Bank 7s 57, Karstadt 6s*43. Born avwan EETTY Orlent dev 534 s '6i Orfent dev 6 Paris-Ly M Queenland 7, Rhinelbe 7 Rhine West Rhine West Rhine W Roy D 4845 ww, Sao Paulo Sao Paulo Saxon 7s 45 Toho El Pow 6s 32 Toho El Pow 78 5 Tokio 58 '52. . Tekio 5% 61 Utd King 6% Uruguay Uruguay Vienna 6; Warsaw ¥ 59 Yokohama 1.. 2 96% 96 MISCELLANEOUS. AbItiBI P& P 5853 17 Allegheny bs *44... 20 Alleghany 6s ‘49 Am Ag Ch 7%= ‘41, Am CotOdb6s’31. & Am F P 5%352030..136 AmIGCh6% 29 Am Int Cor 5%s 49 Am Metal 5%s Il’. 4 91y 105% 10513 88 87 100 93 83 At Ref deb 53 °37... Bell Tel Pa 63 B 48 107% 1074 6 102% 104 Cert-td deb 6 Chile Cop db Col G&B Com In Com In Consum Pow 6s 52. C Am Sug col $8"31 De Edison 58 "40... Dodge Br col *40. Donner St 7s *42 % . East C Sug 7%s 37 4 9% 8614 102% 106% 4 101% Ve 8% 9T 71 Hum O&R 6% '62. MBTistpfbxA. 111 Steel 4358 4 Inland Steel 4 % s'78 Int Hydro Bl Int Match bs % Int T&T cv 4% Int T & T 6= "55. Kan Gas&E 44380 & LacG StL6s'34 Laclede 638 C53. Lautaro Nit 68 '54. Lig & Myera ba 61 101 93% 9% 93% 106% 105% 106% 105% 106 '105% 101 101 101 109 1 106% to' The Star Sales Migh. Low. Close. 2 114% 1144 114% 109% 109% 109% Pathe Exch 78 37.. Phila Co 58 '67. Phila & Read Phil Pet 64 s Pillsb F M 68 4 Pun Aleg Sug 7’8’ Rem R'd 6148 A 47 Richfi'd O cal 644 Sincl O 6348 B"38.. Sincl O Tscv A '37. Sincl Cr O 5%s '38. Sinclair P L 6842, 28 Skelly O11 6583 Solvay Am s ‘42 So P R Sug T84 Sou Bell T&T b SW Bell T 68 A ‘54 StOil N J b8 46 StOIIN ¥ 4%s Tenn Cop 65 B '4 Tenn &) P 6 A Tex Corp ev Trans Oil 6%s Utd Drug ev 58 ‘53, U 8 Rublst é: Walworth Warn Br Pl Warn Quin West El deb 41, YouSt& THs78.. 105% 105% 106% 103% 102% 108% 104% 104t 104% 102% 102% 1 4% 43% 1021 102% 16 24 38 101% 101% 100% 100% 954 94% 100 100 103% 103% 105 104% 106 106% 104% 103 100 99% 99 29 106% 106% 102 101 109% 109% 99y 99 7 69 101% 101 89 88 40% 40% 85 85 82 804, 72 70 105 104% 104% 104% 103% 103% 100% 99% 103% 102% 29 37 35 4 RAILROAD. Atch’on 48 1905-55. AtCLcol 48 A AtCL st 4s'52. Bd & 7th Av 68’43, Brooklyn Elec 6s. . 0 Can Nat b8 July " Can Nat 58 Oct 69. Can Nor 33 db'46 Can Nor 7s deb 40, Can Pac 4345 '46. .. Can Pacific 4%s'60 Can Pacific §: D63 CU Ter 4%s 2020.. 1. Colo & Sou Con Ry 4 Cuba RR 68 '82.... Cuba RR rf 71%48'36 Cuba Nor §%s°42.. Del & Hud rf 443 Del & Hud ov 65 '35 D & R Gr &n 4 D&RGr4%s'ss.. Den&R G W 55 '55. Erle 1st con 4s '96. Erie conv 4s (B) Fla E Coast §5°74.. Fond J&G 4%8 52, Hock Val 4%, .o Hud & M ad) 65’57, Hud & M rf 5857 Tllinois Cent 111 Cent 48 ‘53.. . 111 Cent ref 4s '56. 111 Cent 4% 111 Cent 633836 99% 98 101% 101% 107% 107% reeBnaBalBulBe wan o - aRmwEan ~EZe 114% 114% 100% 100 1031 1031 102 101% 101% 101% 106 104% 9 98 102% 102% 106% 105% 105% 105% 115% 115% 104% 104% 108 102% 106% 106% 110% 110% 101% 1013 9% 997 i 9 5 17 52 968 101% 101 31 18 9015 89 101 101 1 37 37 b 20% 29% 107% 106% 111% 111% 100% 100% 99% 98% 105% 105% 111% 111% 3 98% 98w t 102 8% 100% 100 17 102 81 8 96 % 98% 89% 9% 91 99% 99! 11 111 111 CCStL&N 55 A.. 6. 56 Int Rap Tr 6s Int Rap Tr 7s '32. Int & Gr Nor Int &G N ad 63 '5: Int RysC A 63712, Towa Cen 1st-58 '38 Kan CFtS&M 48’36 Kan City Ter 45'60 Lake Shore 3%s '37 Lake Shore 48 ‘31.. Leh Val cv 48 2003. L & N uni 45 '40 L&N ¢3%82003 Mil E Ry & L 6a ‘61 109 109 105% 105% M StP&SSM con ¢s. 18 M StP&SSM bs gtd. M StP&SSM 6%s. . Nat Ry M 4%8 67, & M 5s B 'S4, ZZZZ2Z 4qOR s i £ 20 1 7 o 9 26 12 1 92% 92% 101% 101% 98y 98 101% 101% 53% 52% 0% 90% 102% 102% 90 89% 1 99 99 01% 101% 1% 1 . 02% 43% 106 114% 100 108% 102 101% 105 7Y% 48 102% 105% 105% 106% 110% 101% $6% 101% 96% 00 83 87% PRICES OF STEEL Producers Doubt Consump- tion Increase During Rest of Present Year. Special Dispatch to The Star. CLEVELAND, October 17.—Producers of bars, plates and shapes, comprising the bulk of finished steel output, are making the most positive effort in months to firm prices, says Steel of Cleveland. The mills entertain no fllu- sions of being able to stimulate con- sumption measurably the remainder of the year, but they are convinced there is & broad underlying demand, largely for stock, which will be conjured up only by a stronger price situation. ly. a stand is to be made on heavy hed steel at 1.60c, Pitts- at h, tantamount generally and the East. o sions under these levels to buyers can be withdrawn by late Na- for an ::‘finee for mh-gnhen e probably of $2 per ton, 'hlchw;;‘uelrd induce full specifying i - QUATter contracts. against fourth. Await Bottom of Market. No expectation of imme- diate success is h‘ild,"b'fif"i" accretion of strength is cars before navigation on “]‘n“ m““i“h the Great ter products, notabl; sheets and strip, weakness still is mnl! fest, but producers refuse concessions likely to carry into the first Scrap prices have given further in most districts, an omen which has not shaken the faith of heavy steel 3 iron is sensitive in those + Bid for Kolster Indorsed. ‘common holders’ 4 mittee of Kolster Radio has recom- mended acceptance of & bid of 8. T. ‘Woorard, Inc., for the company. 96% 9614 bes 32 119% 119% 14 105% 105% 3 89 89 38% 35 9T 96% 69% 69 9 961 9% 954 0. 1 101% 1014 101% Nor Pacri 682047, 16 112% 112 Ogden&L Chds’4s 2 794 T9% Dl":lhhn L6sgtd. 50 108% 107% Oreg-Wash ¢n’61.. 5 95% . 95% 48’48 1 798%° 98% ::::‘avfljl :: }g&:* ;m Penn gen 4% 12 000 98 1 110% 110% 2 104% 104% Pen . 25 110% 109% mgn.rnm--u. 5 101% 101% Peor & E inc 45'90. 10 24 24 19% 106% 89 35" 9% 6 Nor Pac 4% 1 88% 88% 10 104% 104% 16 97 96% 3 105% 105% 1 104% 104% 1 107% 107% 7102 102 1 9 100% 100% 2 101 100% 3 88% 88 Port Ry L&P $8 41 Por R L&P 1%8'46 Read gen %3 A7 RIAr&L4%s's4. szt.uw::"u.... 30 102% 101% StP&KCSL4ks 9 985 985 90% | g¢ P Un Dep 53'72. B1 109% 109% 954 95% 2% BsnA&AFisdl. 19 30 LU Y Tex & Pacbs B*17. ’1 101% 101% Tex & PacbsC*19. 7 101% 101% ‘Third Av ref 4 4 49% 49% 49% Third Avad) §s°60. 10 29 = 28% 28% .15 99 98% 99 9244 . 1 92% - 1 101% 101 101% 5 101% 101% 101% 26 107% 107% 107% 89 104 1 ses et m“ 18 101% 10135 101% 2614