Evening Star Newspaper, October 22, 1930, Page 14

PURCHASES NOTED Railroad Buying Is Factor in Improvement of Market Says Review. By the Associated Press. NEW YORK, October 22.—Increased rallroad buying, heavy awards, of structural steel and scattered gains in steel production are favorable develop- ments in an iron and steel market in which pronounced conservatism re- mains the dominant note, Iron Age will say tomorrow in its weekly review of the industry. “Rail urdeu total 71,000 tons,” the review states, “including 45000 tons bought by the Union Pacific, 16,000 tons by the Atlantic Coast Line and 10,000 tons &y the Boston & Maine. The Chicago & Northwestern is ex- ted to close for 30,000 tons before m end of the week, while the Erie is preparing to buy 40,000 tons. ) Equipment Demand Improves. “Concomitant with the current rail- buying movement is a revival of terest in railroad equipment, demand | for which has been at a low ebb for several months. The Baltimore & Ohio has undertaken the construction of 2,000 freight cars and several other Toads are preparing to build or repair their own shops. The Tllinols Central, which earlier in the year put out an inquiry for 2,300 cars, is revising the specifications for. this equipment, evidently with the in- tention of asking for new figures from car builders. The Santa Fe also is expected to enter the market for cars. “Fabricated steel awards, at 48000 tons, are the largest since mid-, -July, and the large amount of pending work indicates that steel plants can con- tinue to count on ggod support from vy building operations. m"!zen more heartening to the iron and steel trade than betterment in rail- road or the maintenance of t steel users are main- \.Il":‘l“l-“y low inventories. Output Alnnce-.d K 5 e decline in demand as meas- undmbu; 'flnppmx orders, checked, uu‘& output shows signs of stab! mnnlu Chicago, where railroad demand ‘dn important factor, ingot output has ad- vanced from 55 to 57 per cent of capa- city. and_there have also been slight at Buffalo and in the Pittsburgh t, but these increases were more than offset by losses elsewhere. Raw m! output for the country at hm“i; estimated at btl perxunt. ‘compa a weel 'lu';‘:'lfi E memlnd and luwmobfla um.lon continue to show seasonal is held out for an upturn nd 50 long as business sentiment remains as conservative as at present. current attitude of buyers is not m in view of recent declines in ward readjustments in pig . Down' "lallt.\e hu in general Heavy melting ton at lebllmh ts & pmehoflisaen cents & ton &t St. Louis and 50 and Detroit. New Projects. ctural steel jects for the ve‘::'vgun 000 tons m;':?ler than nor- ‘Weakness in heavy mell scrap at both Pittsburgh and has brought a further ine in 2.125 cents a pound for the former and $16.29 a ton for the latter. Compared with & yfll’ lln. heavy melting steel is down $2.7: rl( iron $2.09 a gross ton and flnl: steel is down $4.68 & net ton. Ball @pecial Dispatch to The Star. BALTD!ORE. Md., October 22.—Po- white, 100 pound.l 1.50a2.00; h.rrel 2.50a3.00; sweet potatoes, barrel, 2.00a3.00; )‘nm} barrel, 2.50a3.00; beans, hamper, 75a1.00, beets, 100, 2.0024.00; cabbage, wn 15.00a20.00; carrots, 100, 2.0084.00; caulifiower, crate, 1.00a2.00; celery, crate, 1.00a1.50; corn, dozen, 15a 45; eggplant, hamper, 40a50; lettuce, crate, 4.5025.00; lima beans, hamper, 1.00a1.50; peppers, hamper, 25a50; sp! ach, bunch, 65a1.00; tomatoes, hamper, 40a1.00; packing stock, bushel, 25a50; apples, bushel, 65al.75; cantaloupes, crate, 1.25a2.25, damsons, bushel, Mu 2.00; grapes, basket, 40a50; peaches, bushel, 2.50a2.75; pears, Hfllhel 90a1,75. Dairy Market. Poultry, alive—Chickens, Springers, d, '19a24; Leghorns, 15a22; old 17a25; Leghorns, 15a16; 18‘15 ducks, 13a18; guinea fowls, elch nn—Recelpu of cases from nearby, 1,007; firsts, 32a34; hennery, white, firsts, 40a42; Southern firsts, 28a30; current receipts, 28a30. Butter—Good to - fancy creamery, pound, 34a42; ladles, 28a30: rolls, 27a28; process, 32a34; store packed, 20. Hay and Grain. Wheat—No. 2 red Winter, export, 82%; No. 2 red Winter, garlicky, spot, 82%: October 823,; November, 83%. Corn—No. 2 domestic, yellow, new, 96a97; cob corn, 5.00a5.25. Rye—Nearby, 60a65. GO White, No. 3, new, Hay—Receipts, none. General hay market strengthening. Drought has seri- ously curtailed nearby crops, changing the entire situation. Sections heretofore shipping are now asking for offers of hay. Good clover mixed and timothy new hay will bring from 24.00 to 28.00 per ton. Wheat stray, No. 1, per ton, 9.00a }gg oats straw, No. 1, per ton, 9.00a ore Markets 46; No. 3, Live Stock Market. Cattle—Receipts, 200 head; light sup- ply; market steady. Steers—Choice to prime, none; good to_choice, 8.00 to 9.25; medium to good, 6.50 to 8.00; fair to' medium, 550 to 6.50; plain to fair, 500 to 5.50; com- mon to plain, 4.50 to 5.00. Bulls—Choice to prime, none; good to choice, 550 to 5.75; medium to good, 525 to 5.50; fair to medium, 4.75 to 525; plain to fair. 4.24 to 4.75; com- mon to plain, 3.75 to 4.25. Cows—Choice to prime, none; good to choice, 5.00 to 5.50: medium to good, 450 to 4.75; fair to medium, 3.75 to 4.25; plain fo fair, 275 to 3.25; com- mon to plain, 2.00 to 2.75. Heifers—Cholce to prime, none; to choice, 6.75 to 7.25; medium to good, 6.00 to 650; fair to medium, 525 to 5.15; plain to fair, 4.50 to 5.00; com- mon to plain, 4.00 to 4.50. Fresh cows and Springers, 30.00 to Bheep and l‘nllyb'—meek“:.u m;):):‘? good suj marke! 1.00 higg lambs, 4.50 to 9.75. Vel—mlw. 50 head; light lup- steady. Calves, 00 Hogs—Receipts, 1,500 he-d ll[ht :up- ply; market lower: lights, 9.90 to 1 ka 9.75 to 10.30; medium, .95 roughs, 7.00 to 9.00; light DIII good | THE - EVENING STAR, WASHINGTON, D. C, NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. (Continued From Page 1 Stock a Bales— Dividend Rate. Add 00. High. Low. Radi Y 21 Krog Gr & Bak (n1), 32 Kuppenheimer (2) 76% Lambert Co (8) 31 Lee Rubber & Tire. .. 16 Lehigh Port Cmt (1) & ey Coal. . Lehigh Val (t434)... 60 Lehman Corp (2).... 21 Lehn & Fink (3)..... 14% Lib Owens F GI (1).. 86 Lig & Myers B (+5).. 18% Lima Locomotive. ... 45% Liquid Carbonic (4). 42 Loew's Inc (3)...... 85% Loew's Inc pf (6%). 8 TOPERNG: . 33 i3es 7 Long Bell Lumb (A). 50% Loose-Wiles (12.90). 141 Lorillard (P) C 4% Loutsiana Ofl 514 0% LouG& B (A 13815 106% Louls & Nash (1) 14% Ludium S 58 Ludlum Stpf (6 1 23 Mac And & I (12.85). 93 MacA & Forb pf (6). 33% McCall Corp (234)... 48 McCrory (A) (2). 30% McGraw-Hill (2) 14% McIntyre Pore M (1) 61 McKeespt T P(1534). 12% McKesson & Rob (1) 421 Mack Trucks (6 159‘4 106% Macy & Co (nt3). 16% 6% Madison Sq Gar (1) 20's Magma Corper (3).. 4 Mallison&Co . 10 Mandel Brothers. . 24 Man Elev mod g (d 2 Maracaibo Oll Exp. 261 Marine M1d (1.20). 26% Marlin-Rock (15%) 5% Marmon Motor Car.. 341 Marshall Field (2%) 3 MartinParry....... 32% Mathieson Alkall (2) 115 Mathieson p£7).... 33% May Dept Strs (n2) 19% Maytag Co pf (3) 71 Maytag Co 1st pf (6) 7 Mengel Co (2) 28% Met-Gold pf ( 13%' Mexican Seaboard. 8% Miami Copper... 414 Michigan Stl (h2%). 17% Mid-Cont Pet (2) 19% Midland Steel (3) 614 Minn Moline Pow. 60 24 99 2 = » S 5 48 NS ReeOaam @ San3a > - srnanSardconun Mo Kan & Tex pf (7). 981 Missouri Pacific. 145% 100 Missouri Pac pf (5) 63% 24% Monsanto Ch (g1%). 49% 21% Montgom Ward (3) 3 Moon Motor: 48% Morrell & Co (4. % Mother Lode (20¢). 115 Motor Meter G & E1 29 Motor Products (2). 15% Motor Wheel (3). 8 Mullins Mfg. .. 38% Mullins Mfg pf (7) 34 Munsingwear (14).. 9% Murray (B) (2% stk) 35 Myer (FE) & Br (2). Nash Motors (4).. 25 Nash Chnll!lL(S)lflOl 3 [0 IO ST eI Te STeyey-Juyvae) » 10 Nat Dept Stor 22% l\ltDltl Products(2) 3 PUTS- IO © S PRI R - DT P 2414 Neisner Bros (1.60).. 913 Nevada Copper (1).. 116 N O Tex & Mex (7). 22 Newton Steel. a2 » - 8 61 Norfolk & Soulham.. 212% Norf & Western (10) 5% North Am Aviation.. 80% Nor Am (b10%stk).. rth Amer of (3)... XWK North Am Ea pf 6. 55% Northern Pacifie (5). 22 OhloONCo (2)..... 5 Oliver Farm Eq 35% Oliv FEqpfA (6). 8 Oliver Farm Eqcv 2% Omnibus Corp. 55 Otis Eleven (2 291 Oppenheim Col (3). 63 Orpheum Cir pf (8) 16% Otis Steel (235) ... 102 Outlet Co pf (7). 37 Owens I1l Glass (3) 46% Pacific Gas & El (2).. 64 Pacific Lighting (3). 129 Pacific Tel & Tel (7). 9% Packard Motor (1).. 4715 Pan-Am Petroleum. . 4714 Pan-Am Petrol (B), 3 Panhandle P&R.... 46% Param'nt Publix (4). 10 Park & Tilford. 1% Park Utah... 4% Parmeles Tran (60c) 2% Pathe Exchange. ... 5 Pathe Exchange (A). 9% Patino Mines. 3% Peerless Motor Car. 264 Penick & Ford (1). 35% Penney (J C) (3) « 9315 Penney (JC) pf A (6) 4% Penn Dixie Cement., 25% Penn Dixie Cem pf. 64% Penna R R (4). 3115 Peop Drug St 325 212 People’s GasCh (8 16415 122 Pere Marquette ( 99 911 Pere Marq pf (5) 27% 11 Petrol Corp (13%) 2215 17% Pet MIlk (1%). 44% 25% Ph 57% 50% Phila 104 100 Phila Co pf new(6) 25% 11% Phila Read C&1.... 151 &% Philip Morris&Co(1) 21 Phillips Petrol (n2). 19 Plerce-Arrow A (2).. 65% Plerce-Arrow pf (6) % Flerce Ol 21 Pierce Petrolm (10¢). 27 filsbury Flour (2).. 3714 Pirelll Italy (a3.14). 33w Pittsburgh Coal..... 75 Pittsburgh Coal pt 16% Pitts Screw (1.40)... 9% Pittsburgh Unit Corg 86 Pitts Unit Cp pf(7).. 50 Pittston Co (75¢).... 16% Poor & Co (B) (2 PR Am Tob (B). 67% Postal Tel & C pf (7) 22 Prairie Oil & Gas (2) 2715 Prairie Pie L (16).. 4% Pressed Steel Car. . 481 Pressed St C pf (1).. 52% Proct & Gamb (2.40) 4 Prod & Refine 25% Prod & Refiners pf Pub Sv N J (340). 2 Soon aRenas [ PRI NY Bos annaeranwseounelelirioa PubstJv!('lL... 143 PubSvNJpf (8 107% PubSvE & G pf (6). 55% Pullman Corp (4)... 1 Punta AlegreSugar. 12% Pure Oil 106 Pure Ofl pf (8).. 5t 52 Purity Bakeries (4). 20% Radio Corp .. 54% %adio Corp (B) (5), 17% Radio-Keith-Orph A. 281 19% Raybestos Man 2 60. 94 Reading Rwy (4). 47% R 345 R 87% Real 811k Hos pf (7). 13 Rels (Robt) & Co pf. 18 Rem Rand (1.60). 814 Reo Motor Car (80¢). 18 Republic Steel...... 2 30% 6 111% 111 3 1 35% 2 lOfl'a 105'/. 20\« 20'/- E’u 35% 1021 102% 19 Prev. Close. Close 1% 1 6% 42% 85% 86% TR - 46% 49 54% bay 984 102!y 3% 3 e 9 51% 52 14% 15 6 50% 14% 5% 51 301 30% 31 11 112% 14% 15 60 60 24 24 99 100 35% 35% 48 48 31% 314 18 17T 71 % 12% 12% 43 44 107% 107 6% 17 20% 20% 4 4 14% Te 8w 10 3% 36 3 3 26% _ 26 26 515 34y 6 (33 341 6% 341 34% 42 42% 102% 103 24% 24% 23% 23% 92 11% 19% 25% 15% 16% 16% 16% 102% 102% 17% 17 9 17 A% 67 2215 261 | Stock Divide 69% Republic Steel pf (6) ere Copper & Br. Reynolds Metals (2) 2 Reynolds Sprin; 44 ynolds Tob B. 6% Richfield Oll (new. 8% Rio Grande Ofl 31 Ritter Dent Mf 21 Rossia Insur (2.20).. 43 Royal Dutch a3.2165. 52% Safeway Stores (5).. 87 Safeway pf (6)...... 97 Safeway Strs pf (7). 29 St Joseph Lead (13). 641 St L-San Fran (3)... 80 St L-San Fran pf (6) 15% Savage Arms (2).... 48% Sears Roebuck 12 4% Second Natl Inv. _ 1% "Seneca Coppe: 4% Servel Inc. 16% Sharp & Do 26% Shattuck (FG) (+%) 37% Shell Trans (a2.423). 9% Shell Union Ofl. 81 Shell Un Of) pf B“) 7% Shubert Theate: A 15 ‘Simmons Co. 8% Simms Petrol (1.60). 13% Sinclair Con Of1 (2). 106 Sinclair Ofl pf (8)... 18% Skelly Ofl (2)....0u0 7815 Skelly Ofl pf (6) 20 Sloss ShefMeld Steel 15 Snider Packing pf... 95% Solvay Am pr ww 5% 113 Sou P Ric Sug (1.40) 48 Southern Cal Ed (2), 104 Southern Pacific (6). 68% Southern Rwy (8) 19% Spang-Chalfant. 92 Spang-Chal pf (6 11% Sparks Withing (1). Spencer Kellog(80c) 2 19 315 Stand Comm Tob 724 Stand G & B (3% 61% Stand G & E pf (4). 108 Stand G & Elpf (7).. 3% Stand Invest Corp. ., 51% Stand O of Cal (234). 98 Stand Oil Exp pf (5). 19 Stand Ofl of Kan (2) 53% Stand Oll of N J (12) 26 StandOIIN Y (1.60). 21 Starrett(L S) (t2%) 5% Sterling Seo (A). 8% Sterl Sec pf (1.20)... 31% Sterl Sec cv pf (3)... 17% Stewart-Warner (2). 54 Stone & Webster (4). 21% Studebaker Corp (3). 116 Studebaker Co pf (7) 100. 50 Sun Ofl (11). 102% Sun Ol pf (6). 32'% Superheater (f: 1% Superior Ofl. 74 Superior Steel. 8% Sweets of Amer 5% Symington (A).. 814 Tenn Cop & Ch (1) 39'% Texas Corp (3).. 1 48% Tex Gulf Sulph (4).. 5% Texas PC&Oil. 13% Texas Pac Land Tr.. 16% Thatcher Mfg (1.60). 23% The Fair (2.40) 7 Thermoid Co.. 6% Third Avenue. 27 ‘Thompson (J 2% Tobacco Products. ... T8 Tob Prod (A) (80c).. 16% Transamerica (1)... 8 Transue &W (1) 26% Trico Prod (2%) 9% Tri-Cont COfp. .. 89% Tri-Cont Corp pf (6). 22% Truscon Stl (g1.20). . 51 TwinCity RT pf (7) 208 65 Und-EN-Fischer (3). 7 4 121 Und-Ell-Fisch pt (7) 100s 9% Union Bag & Paper.. 3 59 Union Carbide (2.60) 28% Union O1] of Cal (32) 192% Union Pacifie (10) 824 Union Pacific pf (4).; 25% Un Tank Car (1.60).. 3214 Utd Afreraft........ 54'% Utd Alreraft pf (3).. 35 Utd Biscuit (1 60) 117 Utd Biscuit pf (7) 30% Utd Carbon (2) 5% Utd Cigar Stor 26 Utd Cigar Stor 20% Utd Corp (50¢) 46% Utd Corp pt (3). 3% Utd Electric Coal 70 Utd Fruit (4) 28% Utd Gas& I 97 Utd G 85'3 US & For Sec pf 6. 58% U S Ind Aleohal 7) 17% U SSmelt& Ref (1). 42 USSmelt Ref pf3% 14415 U 8 Steel (7). 141 USSteel pf (7)....0 :g% U 8 Tobacco (4) . 20 UtilPow&LtA % Vadasco Sales Corp.. 2 46% Vanadium Corp (3).. 152 E1 & Pow pf (6)..1008 Va Iron Coal & Coke. 108 44 Vulcan Det (4)......450s 56% Wabash pt (A) (5).. 22 24% Waldorf Systm (1%) 4 20 Walworth Co (2).... 213% Ward Baking (A). 4's Ward Baking (B) . 58 Ward Baking pf (7). 16% Warner Bros Pict. .. 7 Warner Quinlan, 321, Warren Bros (3). ... 45% War Broscv pf (3).. 2% W 13 50w Penn El pf (8) . Penn EI pf (7). Penn Pw pf (6) t Penn Pof (7)., Western Dairy A (4) 4% Western Dairy (B).. 14% Western Ma. . 11 Western Pacific. 26% Western Pacific pf. 138% Western Union (8).. 224 Weston El Instr (1).. 32% Westingh'se A B (2). 104 Westing E& M (5). 112 West E& M pt (5) 30 Westvaco Chlor (2, 27 White Motors (2). 36% Wh Rock M S (14%). 10 Wilcox Ol & G 4 Willys-Overlan 48% Willys-Over pf (7)., 215 Wilson & Co....uuss 6% Wilson & Co (A).... 40 Wilson & Co pt, 51% Woolworth (2.40). ., 67% Worthington Pump. . 78 Worth Pump(B) (6). 66% Wrigley (Wm) (4).. 34 Yale & Towne (2) 10% Yellow Truck.... 19% Youngs Spring (3).. 120 Ygstwn S&T ctfs(5). 3% Zenith Radio. .. 10:30 A.M 1:30 P.M . 443.800 - 1905200 Sales of Stocks on New York Exchange 20 .+ 1,473,200 1 Dividend rates as 2oiyen, in the above table a cash payments less than 100 s Uni per ‘bent 15 -oek‘“l in 2%Pald tois Tovilr et cent 'in " stocl ook, & Plus 3 per Briterrea siak 7.8ubject to epsroval % % 110 4 4% 120 00 500 ond Rate. _Add 00, High. m Close. Giowe. 4% 59% WEDNESDAY, OCTOBER 22, 1930. FINANCIAL. IBONDS IRREGULAR | [=x-sex vorx BONDS s scaasca] || IANS OF G IN QUIET MARKET Forced Selling of Stocks Re- flected in Decline of Spec- ulative Group. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, October 22.—Bonds moved uncertainly in dull trading to- day. The resumption of the recovery in foreign dollar issues and the ex- pected return of prime issues to their high levels were postponed by addi- tional forced liquidation as stocks broke to record low levels. Otherwise the factors affecting bonds were unchanged. If anything, the foreign situation was more hopeful th in Europe and in South America. Junior rails and semi-speculative in- dustrial domestic bonds were weak under necessitous selling and continued poor earning reports. Convertibles paralleled the slide in equities. High- issues moved downward nar- rowly. Money rates were unchanged and the supply of funds at the market's tlii.’s I remained over-large. Volume el There were no new issues, but a few sizeable offerings are in prospect. lumbia Gas & Electric is expected to announce a $60,000,000 bond issue, which will be one of the major utility financing operations of the year. Japan announced that a government guaran- teed loan of 45,000,000 yen, or about $22,500,000, has been approved by the finance ministry. It will be handled through J. P. Morgan & Co. and affil- iates, but the amount to be floated here is unknown. The Nippon Electric Co. has sold a $7,500,000 issue of 62 per cent bonds, due 1950, to Harris, Forbes & Co. At the same time bond redemp- tions and calls have fallen off in the past few days, owing to the increased nervousness of the last fortnight and the consequent lessening of the oppor- tunity to refund at lower coupon rates. In the high-grade group losses were shown by Frisco “A” 4s, Union Pacific 1st 4s, Chicago, Burlington & Quincy 4s, Standard Oil of New Jersey 5s, Colum-, bia Gas 55 and New York Telephone 419s. United States Government obli- gations were dull. Convertibles such as Commercial Investment Trust 53;s, Chicago & Northwestern 43;s, Southern Pacific 41,s, American Telephone 415, ation 5s, General Theaters Equipment 6s and Warner El’os‘ Pic- tures 6s were all lower. DIVIDENDS DECLARED NEW YORK, October 22 (#).— Regular. - Pay- Rate.riod. able. f.32 Nov. Hidrs. rec s waudo -o.,_.s_...-fl 3y i 65 Masestie Ron\lly e Grap & seoie e [P BLnaRe susey, B.. ¢ S oA e nl St Paul P & M I 31 Schettler Dg A px 11de i Fps bt ..1%pc 8 & 883 DflpzpD:ESDDDQDDQiDZDDDgEDDODD ] 2o By Warner Br Pic pf 96%c Q Omitted. Fed Land Val Ins 37%c Q 23 Chain 8t Inv pf $1.620, ov. 1 Weils Newton Nat ..50¢ @ . 18 Washin-gton Stock Exchange SALES. Capital Traction Co.—20 at 5 w-:hwau 55—$3,000 at 105‘7. $1,000 al Mm:nthfler Linotype—3 at 91%. AFTER CALL. Wash. R. & E. 45—8$5,000 at 89%. Wash. Gas 6s A—$200 at 103, $100 at 103. Capital Traction Co.—10 at 51, 10 at 51, 5 at 51. UNLISTED DEPARTMENT. Army & Navy Club 55—$100 at 90. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Toh, & Telaa. 128 133 Teiga. 41as_'39. . cons. Potomac, Elec, 85 1953 & M. Vernon ctf. Wath. Rwy.%% Eec: A MrsclLLAHEous, Barber & Ross. Inc hevy Chase, Club, 8Y o PUBLIC UTILITY. Amer. "r;x & Tel @) action Qo (4} ‘v-‘v'”‘tl.“ s Light Co. (18} Wen B E S NATIONAL BANK. Capital (14) ... Cofumbia (12} Shamer (8) Pe:l:x:l American (o) Elbertn (13): Metropolitan Riggs (158) cond _(9e Washington (13)" - TRUST COMPANY Amer. Security & Trust Co. (15) 0 Union Trust (8g). Washington Loan & Trust (i4i. SAVINGS BANK. Bank ot Bethesda (6%) Botomac (10} Security Bav. & Cum Bk. Seventh Street (12) Cnited states (30), ash. Mechanics (30} FIRE INSURANCE. American (12) Corcoran (10) Firemen's (8) National Union (1) TITLE INSURANCE. Columbia (6h). Real Estate (8h Title & Inv. Co. Md. 3 MISCELLANEO Barber & Ross, Inc., com. hevy Chase Dairy pld 6 [tUR L3l annus | E! Iatest quarterly or half vur\u declara- r cent i stock m Plus 1 S0c cents tn cen tock ‘tockBolders. N. & W. TO BUILD BRIDGES | RICHMOND, October 22 (Special) omwuo. pigs, 9.75 to 10.20, . plans to WMM o “néw nunmpu —Na{l:lk & Wuu‘r: Railway "‘ osn- struct two bridges in Page County, Va., spend st a combined cost of -wwn:uul unor the ly [and will be al for both of the bridges, amounting to Rileyville, 1,200 feet long, and will cost about 1,700 tons, has e and will be Roanok fabricated locally. One bridge -m be built at Stanley bout 1,120 feet in length and will cost_about $60,000; 600 tons of are 10 be m% “The other W constructed e hfi were suitable, been awarded to | $100,000 and will requi tons of | W. Mech. Mt the Virginia Bridge & Iron Co. wal steel, X sirends bas boer o | Wash ly has been begun. Out of 800 applicants for jobs in a “tall pirl” chorus in England, only eight -lx gividend, PaBs ent 105 UNITED STATES. (Sales are 1n $1.000.) Sales. Hish. Low. 3 101 6 101 32 10215 10214 169 10316 103 13 2 10819 10819 711228 11224 FOREIGN. Argentine 5%s ‘62, Argentine May Australia bs ‘67 Argentine 6s Ju 59 Argentine 6s Oc '69 Bolivar 78 '58 Bolivia 7s ctfs'69.. Bolivia 8s 45 Bordeaux 6s '34. Brazil 618 ‘2 Brazil 6%s'27. Brazil 7 Brazil 8s'41. Bremen 7s '35, Canada Canaa Gn Chile 78 "4 Chin Gvt Ry Christlas Colombia Con Pow Jaj Copenhag Czecho 88 '51 Dan Mun 83 A * Dan Mun 8s B '46 Denmark 43%8°62 Denmark § Deamark €s ‘42 Dutch East 1 6 Dutch East 1 E1 Salvador 8 Fiat s war. Fiat1s Finland . Finlana 7 so. French Gvt 1%- "l Gelsenkirchen 6s' 4 Hol-Am ss £ Hungary 7% Irish Free St 6860 Italy 7851 Italy Pub 8 Japanese 648 Karstadt 6s *43 Kreug & Toll Lyons 63'34....... Mex 4s asstd 1910, Mexico 58 A "45.... Milan 6358 °52..... Montevideo 7s°52.. New So Wales's7.. Nord 6%s ‘50, Norway 58"6; Norway 6s 52..... Orfent dev 5145 '58. Orient dev 65 '53. .. Quun)lnd 68747, Rhinelbe 78 46 ww Roy D 45 45 ww. o | Sao Paulo 833 Sao Paulo 83 ‘50 Saxon 7s "45. 30 7 . 20 Serbs-Cr S1 75 '62... Serbs-Cr-S1 85 '62. Sweden 515554, Swiss 538 ‘46, Swiss Confed 8 Toho EI Pow 6s *32 Toho El Pow 7865. Utd King 5% 8 °37.. Uruguay 6s ‘60 Uruguay 8s ‘46 Vienna 6s '52 Yokohama 6s *81. . 30 3 18 1 4 20 891y 94 8% 94% 11224 Sales. High. Low. Close. 0 87% 874 94 8% 94 94 99% W99% 9% 94% 88% 9% 9T% 93 93 103% 103% 70 70 9% 95 105% 105% 134 13% 17% 17T% 106% 106% " 100% 100% s 102 102 104% 104% 104's 104% 101% 102 9% 91K 95% 95% 104% 10415 106% 106% 56 5 56 72 108% 108% 104% 104% 105% 106 9% 9T 97% 98 9% 80 91 91 105% 106 85% 854 63 65 95% 96% MISCELLANEOUS. AbItibI P & P 5. Ab & Stbl%s Allegheny bs Am Ag Ch T%s 41, Am Beet Sug 6s '35 Am F P 538 2030..119 AmIGChb%s 45, Am 1nt Cor 5% *49 Am S&R 1st bs Am Sug Ref 6837, AmTaTev e} At Gulf 59s At Ref deb Bell Tel Pa 58 Bell Tel Pa 58 Beth St pm 5s *3 Beth St rf 53 '42. Bush T Bldg 63 '60. Cert-td deb 5% s *48 Chile Cop db 5547, Colon Ofl 6s Col G&E bs May '62 Com Invest :%. 49 3 ConG N Y 65%s*45 C Am Sug col 88 '31 Det E4 rf 6s B '40.. Dodge Br col 40. .. Donner St 7842 .. Duquesne 414s '67. East C Sug T%s'37 Gen Cable 7. Gen Motors Gen P Sv 5%, . Gen Thea Ea 68 '40 Goodrich 6s. Goody'r Rub bs '57. Hoe & Co 6345'34. . Humble Ol bs '37.. A Hum O&R 6%8 '62 MBTIistpf6sA. 111 Steel 4% °40. inland Steel 4573 Int Cement 3 Int Hydro El 6 W Int Match b3 In M M col Int Pap 6s A 47. Int T & T 6365 Kan Gas&E 4%s '8 Ki LacGStL Laclede 6%s C *53. Laclede 5%s D '60. Lautaro Nit 68 ‘84 ‘54. Loew's 65 ex war Lortllard 5s ‘61 Lou G & EI 55 ‘62 McCormack 63 '34. Man S 18t 7%8 "42. Midvale Steel 58'36 Mont Pow 55 '43. Mont P db 58 A '62. z £¥ &) = 2 g R T si 22222227 S mmamaam® o>HHYEE. n3cesss a Swor vnD u-Reoalhubon Swem P ot weBom vaamco S=aR 53 6 72 102% 105% 101% 964 98 964 101 % 72 100% 100% 86 86 103% 103% 48 48 803 81% 101% 101% 106% 106% 106 108% 10614 106% 1037/. 109 1024 102% 106% 106% 1114 111% 101% 101% 103 108 102 102 39 39 90% 91 60 101% 101% 106 106% 85% 851 103 108 103% 103% 38 38 9Th 97K 102% 102% 94 95 851 69 85 73 101% 102 102% 102% 105% 105% 101% 101% 9% 71 913 80 864 95% 95% logl.. 105* 1024 102% 104% 104% 104 104 624, 63 105 105 1234 1234 110 110 1004 100% 80 80 104% 104% 100% 100% 34 34 100% 101% Sales. iz Nor St Pow 6s B'41 2 1054 Pac G & E168'42. . Pac T&T1st 5837, Pac T&T ref 68’63, Pan-Am Pet 63 '34. 11 Paramount 6s '47.. 10 Pathe Exch 1; 37, l’ll Low. Close 105% 105% 103 1034 104% 104% 106% 108y 1021 102% 9 444 44w 101 lflll& Pressed St C Pub Sv G 4% 102 Pub Sv G 4% 102% 102% Pure Ol 5% ‘37 98 98 Rem Arms 96% 96% Richfi'd O cal & 8415 84% Sincl O 6%s B '3 101% 101% Sincl O Tscv A "37. 102% 102% SinclCrO 6% 101% 101% Sinclair P L 9% 99% 94 % 104 105 104% 104% 105% 105% 103% 103% 100 100 105% 105% 100% 100% 109% 109% StONINY 0‘/: Tenn ) P 63 A '47. Tex Corp ev 58 *44 147 Trans Oil 6%s '3 Utd Drug ev U 8 Rubist 6 Utah P& L §: Util Pow 6%s Walworth Warn Br Ple Warner Sug 7s '41. West I deb 5s West Un T 6348 36 Wick Spen ev 75 '35 Wil-Ov 1st 63%s '33 Wil & Co 1st '41. 11 WInRA7%s"41.. 8 YouSt&T6s'78.. 2 RAILROAD. Atchison adj 4s'95. 8 934 Atchison gen 4s°'95 94 9714 Atch'on cv 415 '41-12 122 At&Danvas 48... 2 At&Danv2d4s'48 5 At C L col 48’52 1 AtC L 1st 4s’62 104 104% 109 109 102 103% 103% 93y 934 9T 9T 121% 121% 4912 49% 52 52 921 921 95% 95% 961 9615 9T 9% 101 101% 105 105 10214 102% | i 103% 103% 108% 108% 9% 9% 100 100% 101% 101% 1 Bos & Me 5s 1955. . Bos & Me 63°67. ... Bklyn Elev 6338 Bklyn Man 6 Bklyn Un EI 6 82 99% 98% 98% 2 103% 103% 103% Bklyn Un 1st 68’50 12 92% 91% 92% BR&Pitt 4%s'57. 38 9315 92% 92% Bush Ter con 58°55 11 101 101 101 CanNat4%s'54... 3 99% 99% 99% 8 99% 99 99 T 99% 99y 99Y% 5 105 105 105 12 106 105 105 9 105 105 105 4 112% 111% 112% 1 108% 108% 108% 3 8 8 89 4 99% 99% 99% 25 99 98% 99 11 104% 104% 104% Car Clin & O 6s'52. 22 108 107% 107% Cent of Ga s C 5 98 98 98 Cent of Ga 5% . 1104 104 Cent Pacific 6 96 95% 95% Cent Pacific 1 104% 104% 104% Ches Corp 103 100% 99% 99% 5103 102 102 25 101 100% 100% 34 101% 101% 101% 2 104's 104% 104% Chi & Alt 38, 0% 70 70 CB&Qgen+ :5 98% 97y 97y CB&Q1strf6s'71. 1 108 108 108 Ch & East I1I 58 17 40 36 36 Ch Gr West 45'59.. ; 4 69 ChM&StP4s 89. 2 86 Ch'M&StP 4%s'89. 21 100 Ch M St P&P 58 76. 55 79% ChM&StPadjss 25 384 Ch&NW gn3%s'87 6 79 78% Ch& NW 4%82037 13 95 9414 Ch& NWeon4%s. 43 94 93 P Ch& NW rf 552037 4 101% 101 101 Ch Rwys 58 °27. 0% 0% 0% Ch R I&P gn 4s°'88 94% 941 94% 99 94y 95 9414 Can Nat 58 Oct '69. Can Nor 78 deb ‘40 Can South 5s ‘62 Can Pacific db 4: 60. C & Ocon 5539 68% 85 99 79 38 Ch UnSta 4% “ 21 102% 102% 102 ChUnStabs'44... 2 104% 104% 104% Ch Un Sta 6%s°63. 2 115% 115% 115% C& Windevds’s2 9 914 90% 90% C& WInd5%s'62. 3 104% 104% 104% CCC&St L 4%s (E) 29 101% 100': 100% C U Ter 4148 2020.. 36 1025 102% 102% Clev Term 4%s°77. 12 1024 102 1024 Clev Term 58*73... 20 106% 106% 106% Clev Term 5%s°72. 4 110% 110% 110% Colo & Sou 4155°35 37 10112 101% 101% Colo Sou 4%s'80.. 84 984 97 97 Con Ry 4%sst’51. 5 991 9915 9915 Cuba Nor 5%s 42.. 1 4215 42 424 Del & Hudrf4s'43 3 96 96 964 Del & Hud cv 53°35 1 101% 101% 101% Del & Hud 5%s°37. 9 105% 105': 105% D& R Gr&n 4s " 16 97 96% 97 D&RGr4%s'36 2 lflol 1004 100% Den&R G W 5: 80% 80% DRG& W st 58’78 l sst. 864 864 Det Utd 4% 3 99 99 99 83% 831 83y 81% 8015 80% 89 87% 87% «. 43 88 8613 88 Erie Gen R 65 57.. 10 111 111 111 rascuadtin. BNk 8 L YSy a8 “ 106% 106'% 106% 2 111% 111 111% D) 1 99% 99% 99% ‘17 (E) 32 98% 9715 2 105 99 GrTrsfdb6s Gr Trunk 78 *4 Gr Nor 438" Gr Nor 4% Gr Nor bt Grt Nor 1st 5 Gr Ner gen 7 Gulf Mobile 58°50. 13 99% 98% 98% Hock Val 4%8°99., 21 mu. 101% 101% Hud & M adj 68 '57. 1 78 78% Hud & M rf 58°57.. as 100% 9% 99% 111 Cent 4s '5: 1 921 921 921 111 Cent ref 4; 22 90% 89% 89% 11 Cent 4% s . 63 99% 99 99 111 Cent 638 « 4 109% 109% 109% Int Rap Tr b . 43 69% 68 68 Int Rap Tr sta '66. Int Rap Tr 6s°'32.. 54 Int Rap Tr 78 '32.. 32 Int & Gr Nor 6s°52. 1 Int&GNad6s'52. 5 IntRysCA6s’41.. 1 IntRYCA 6%s'47 1 Kan CFtS&M 4s'36 11 Kan City Sou 3s'50 28 80 Kan City Sou 68°50 10 101 101 101 Lake Shore 43°31.. 7 100% loov. 100% Leh Valcv 4s2003. 11 92 Leh Vcv 41452003 11 101% 100% lom Leh Val 6s2000... 2 110% 110% 110% Long Islrf 4s 4 97 % 79% L &N uni 4s'40... L& N 5sB 2003,.. Market St 78 *40. ... Mich Cent 4%s8°79. MER&L4%s 31 Mil B Ry & L 65°61 4 1024 101% 101% Minn & StLenbs.. 2 22% 22% 22% M StP&SSMcon4s 10 894 8815 881 MStP&SSMbsgtd 1 96% 96% 96% M StP&SSM 6%s.. 8 101% 101% 101% MK&TIst4s'90. 2. 88% 88 88 MK&T4sB 62.. 4 93% 93 93 MK&Tad)6s'67. 6 9512 951 951 MK&Toprin6sA. 11 104% 1044 104% Mo Pac gen 48°75.. 48 7 Mo Pacific MG Pacific bs F'77. 20 99% 99 5104 104 104 4 69% 89 89 2 102% 102% 102% 99 H 991 994 994 Mo Pac 5%sev 49, 11 uw.. 1044 104- Mont Tr Ist5s 41. 1 99 Nassau Elge 4s'51. 19 sc 52 52 9 9614 964 sa'« 9 101 3 86 4 107% 107% 984 984 98Y% Un Pag 1t 4 . | Un Pao rt 4a Jo0§ 104 104 103 108 9% 99% 14 14 10814 108% 105% 105% & 113% 11434 102% 1024 106% 106% W 110% 110% 1081 103%" 6 101% 101% lolu 7 85% 85% 85% % | ties that may develop soon, WELL PROTECTED Young Plan Bonds Secured by Railway Tax—Inter- est Assured. Special Dispatch to The St NEW YORK, October 22.—It is mot surprising that there should be so much confusion over the status of the Gepe man dollar loans floated in this coun= try, in view of the discussion now take- ing place here and abroad covering '-h. possibility of a temporary cessation of reparaf payments by Germany. grows out of the common mb- understanding of the nature of dollar loans and their relation to h so-called political loans of Germ Holdel'l of German bonds, and es) - ly those who bought the 515 per cemt Young loan last Jure. have been dis- turbed ever since the September 14 election in Germany by e pol fury that attached to it and the tal that followed of a revision or repudi- ation.of the Young plan. Political Debts. With the government success in the Reichstag on Saturday German issues have been steadier. The cloud that has gathered over them has not by any means disappeared, for the reason that they are still closely associated in the public mind with political eventualt~ but which, #8 a~matter of fact, would be to their benefit rather than to their disad- vantage. ‘The political debts of Germany are those associated with reparations. The commercial debts, these including the government loans and those of & quasi- governmental character, are the obliga- tions of the German people, who regard them as necessary to be maintained and protected in order that the credit of the Reich may be preserved. ‘The Young lmn, ‘which hu lee. chief target for those who ha capital out of lhe polltlcll dhwmm Germany, Wi law of March 13. 19!0 and by mt aof May 30, 1930 enacted by the German Reich. It represents the talization of a portion of the “un itional an~ nuities” payable to Oermlny ‘under the new plan. In or service of the unnumel government created a fix: rect tax of $157,212,000 on the German Railway Co. for a period of 37 years. This tax has priority over any tax that mny hereaffer be leveled on the railway. a further support of the loan the oermm vernment undertook at the time the loan was authorized and with- out perjudice to the 7-per-cent Dawes’ loan, to reserve free from any charge for any other loan or credit, the pro- ceeds of the beer and alcohol dutles. A : Alle to Pay Interest. never been any question of me -bflny of Germ-ny to pay \‘.In interest on her foreign loans. Even in the present disturbed business situation with revenues from taxes decreasing, there is a liberal margin for the service of all' external debts. As to whether in the present situa- tion, with trade in Germany deeply af- fected by political conditions and the world-wide slump in commodities, Ger- many can continue to meet the annual portion of the reparations debts es- tablished under the Young plan, is & subject more for political than for ecos nomic discussion, There is undoubted- ly a strong move for a revision of these debts. It is significant that most of the propaganda that has developed sug« gesting such a revision, has originated in France. The whole subject is nmy to be the livest topic of discussion in international, political and financial circles this Winter and evmeunns nz find its way into the debates American Congress. itz UTILITIES FIRM EXPANDS. LYNCHBURG, Va., October 22 ().~ Sale of the Southern Citles Utilities Co., a Philadelphia corporation operate ing gas plants in Lynchburg and 11 other cities, to the Central Public Serv- ice Corporation of Chicago was ane nounced here today. ‘The_purchase, suhi to involve ‘more than $46,000,000 is to become effective November 1, following confirmation at a stockholders’ meeting in Philadelphia October 28. METAL MARKET. NEW YORK, October 22 (#).—Cop~ per quiet; electrolytic, spot and f\xtllI'E. 10. Iron quiet; Tin steady; spot and nearby, 27.12; future, 27.30. Lead quiet; spot, New York, 5.10. East_St. Louis, 4.95. Zinc quiel Easf St. Louls, spot and future, 3.95a4.00. Antimony, 7.37a7.50. Dividend Policy Changed. NEW YORK, October 22 (#).—Direc- tors of Federal Water Service A tion, which is controlled by Tri-1 ities Corporation, have decided that, begin- ning with the December 1 payment, dividends on the class “A” stock, at Sales. High. Low. Close. Nor Pacific 332047 10 684 684 68% Nor Pacific4s'97.. 3 95% 95% 95% Nor Pac 4%8 2047, 24 101% 101 101 Nor Pacr16s2047. 3 112% 112% 1124 Wash 4s°61.. 1 95% 95% 95% Penna 45 "48 8 1°98 98 98 1 102% 102% 102% 4 100% 100% 100% 1 68 98% 9814 981 5 1041 104% 1041 1 109% 109% 109% 21 110% 109% 109% Peor& Einc4s'00. 6 22 22 22 Pere Mar 4%s'8C.. 4 101 101 101 Pere M 1st 63 ‘56 4 104% 104% 104% Pnilippine RR 48 PCC&StL5s P& W V4%sC Port Ry bs 42 Por R L&P T%8 46 Read gen 4%5 A'97 Reading 4%s B Rio Gr W elt 4 Rio Gr W 1st 43’39 Rutland Ry 43%s'41 St L Ir M'nt 5 StL IM R&G StL&SFindsA StL&SF4%s'T8 St L&SF prin §* B SULS W 1st ¢s°'89. Penn 6%85°36..... 1 105% 105% 105% 3 108 107% 108 7 101% 101% 101% 50 1013 101% 101% 6 851 84% 85% 10 94% 94 94 10 924 924 92% 2 100% 100% 100% 6100 100 10 87% 87 82 1 100% 100% 1004 | St Pn KCSL4 St P Un Dep 6s ’1 Seab A L rf & Seab A L 4s 5 Seab A Lev 3 Sou Pac col 4 100% 20915 w.w 2718 27 53% 53u 30 20% 2 93% 93% 28 96% 9% 0 99% 98k SouPac4%s'68 . 1 96% 96% 96% Sou P&Or 4%s°77. 30 101 100% 101 Sou Rwy gen 45’56 14 87% 871 8774 Sou Rwy bs 94 13 1074 107% 1074 12 1% 111% 111% F1119 119 119 7 94 93% 93% 5 9214 92% 92% 1 104 104 104 1 110% 110% 110% 1 101% 101% 101% ) 2 48% 48% 48% Sou Rwy 616w 56 . Sou Ry M&O 4s'38. Term As St L 43 ‘53 Tex & Ark 633 ‘50 Tex & P 1st 58 2000 TolStL& W 16 98% 984 984 12 954 95K 954 Union Pac 4s 68... 78 921 91% 92% 14 107% '107% 107% 11 104% 104 104 7 llllifi 101% 101% 964 96 Wabash 1st 5 Wabash 2d 5s '39. Wabnash 6s B 76 76.. Wet st ist 4s 2381 35 9% 54k 'fi