Evening Star Newspaper, October 27, 1930, Page 14

Glass Committee Prepares for Inquiry Into Policies of Bank. BY JOHN F. SINCLAIR. ~ @pecial Dispatch to The Star.- NEW YORK, October 27.—The Sen- ate Committee appointed to investigate the Federal Reserve policy is soon to begin its hearings. The committee con- sists of Senator Carter Glass, chair- man; Senator Braddon of New Mexico, Senator Norbeck of Soutn Dakota, Sen- ator Goldsborougn of Marylana and Senator Walcott or Connecucut. ‘What kind or an investigauop will it be? Senator Glass, forme. ecretary ol the Treasury, answers that question by saying it wil not be a sensational ai- Rather, it will be a clr:ll‘:). 'Eg directed study, centering on mal points of l"l’fi\fl which will authorize national banks to establisn branches within State limits where State banks are now allowed that privilege, restrict chain and regulate une use ol Federal Keserve funas ior specuiative meruhuhumnde ‘many speeches against the Kederal Reserve system, contending that it has permitted specu- lators to divert funas irom legiumaie business to stock market operat.ons. “One aim of the inquiry,” says the Senator, “will be to find a way to pre- . vent Reserve banks in the future from allowing their credit to be used lor speculative purposes.” Wmhu!hepmembers of the committee insist that the investigation will not be sensational, there arc many Inancial men who remember the money utrust investigation of 1913, in which Repre- sentative C. A. Linabergh (Col. Lind- * bergh’s father) took a leading role, and the .em-o‘ox national sensations tnhat t of it. men ask: 1Is another money 6,000 Return to Work. = This morning, between 6,000 and 7, persons employed by the Fisher Body tion will resume work in the factories of this country in Flint, Mich. o gx veland and Norwe s Kansas City and ‘more automobile boaies has L O rlous plants' have been operat: ing on a three-day week Tn.;f ""J"*"m"é'i‘&"?‘m five and & automobile ready in ‘recent years taxes have about as fast as the brother- rtly. Right now, the chance increase looks small. ‘Trufant Foster wants the ent to cease issuing bulletins, borrow $2,000,000.000 spend that sum on a “pi \Il:lm business activity is back normal. To Dr. Foster the issue is clear— .either increased consumption or de- ‘creased production. The latter means a Jower standard of living. ! He takes issue with Thomas F. Wal- not withdrawn from industry, but goes into the banks, where the borrowers *get it and put it back into circulation. “What a stra it for a Dr. Foster concludes his argument the Wallace contention that asking: . “How can bankers cling to that old error. Every time any one uses sav- ings to pay off a bank loan of a mil- lion dollars, a million dollars is wiped out of existence. * * * Such a process is saving money and wasting men.” (Copyright, 1930. by North American News- paper Alliance.) B. & 0. NET OPERATING INCOME SHOWS INCREASE i ~aBE (Tt | ; i 85 EH £f # ; op- during the last half prices NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. (Continued From Page 13.) 4 . 82% [ 9% Nevada Copper (1 58 22. Newton Steel 92% 135 ¥ Central (3).. . YChi&StL (6). Y NH& Hart (6) NYOnt& Nort & West pf (4).. North Am Aviation., Nor Am (b10%stk). . rth Amer of (3). North Am Ea pf (6) No Ger Lloyd (3.43). Northern Pacific (5). ©Ohio O11 Co (2). Oliver Farm Eq: OlivF Eqpf A (6). Oliver Farm Eq cv p! Omnibus Corp. . Orpheum Cir pf 57 105% 55% 7 32 84% 90% 4614 8% 99% 80% 128 Owens 111 Glass (3) Pacific Coast 1st pf.. 10s Pacific Gas & El (2).. Pacific Lighting (3). Pacific Tel & Tel (7). Packard Motor (1).. Pan-Am Petrol (B) Panhandle P& R.... Param'nt Publix (4). Park & Tilford. Park Utah.. Parmelee Tran (| 107% 178 23% 67% 12% % 35% A% 26% 9 9% 32% 1 55% 1t 101% 12 55'% 6% 325 16414 2T% 4% 57% 25% rless Mo 2 Penick&Ford (11%). Penick & Ford pf (7) - S Penn Dixie Cement. . Penn Dixie - G Pere Marquette (18). Phila Co 6% pf (3).. Phila Read C& I.... Philip Morris&Co(1) Phillips Petrol (n2).. Pierce-Arrow A (2).. Pillsbury Flour (2).. Pirelli Italy (a3.14) Pitts Screw (1.40). Pitts Steel pf (7). Pittsburgh Unit Cq Pitts Unit Cp pf(7) Pittston Co (75c). Poor & Co (B) (2) PR Am Tob (B).... Postal Tel & C pf (7) rie Ofl & Gas (2) Pipe L (15).. Steel a w H o= PRS- TN THOPA T TE AT - (OT PSRN 27% 108 54 0 16% W Pre T . 8% Proct & Gamb (2.40). 1% 4 . 40 Prod & Refiners pf.. 123% Pub Sv N J (3.40) 100 17 . 136% Pub 8v N J pf(7)... 8% Pullman Corp (4) Pral Re o 30: 2 814 27% 88% Radio Corp. ... Radio Corp (B) (5). Radio-Keith-Orph A. 400 RRSecICstkC (4). 708 Raybestos Man 2 60. Reading Rwy (4). Reading 2d pf (2) Rem Rand (1.60). Reo Motor Car (80c). Republic Steel...... Republic Steel pf (6) » - Safeway Stores (5).. St Joseph Lead (13).. St L-San Fran (8)... St L-San Fran pf (6). Savage Arms (2).... - Sharon Steel Hoop. Shattuck(FG) (t1%) 7 1 1 3 0 13 3 1 208 5 [ 4 1 0 3 4 2 2 4 2 2 2 2 7 4 1 2 1 3 3 au =N Skelly O1l (2).... Sou P Ric Sug (1.40) 16 Sou P Ric Sug pf (8) 1208 SouthernCal B4 (2). 4 Southern Pacific (6). % Southern Rwy (8) Spang-Chal pf (6) Sparks Withing (1). Spear&Co......... Splegel-May-Stern. . 29% 15% Stand Brands (1%) 120% 70% StandG&E (3%)... 96 30% 10% 52 60 7 41% 39% 1104 110% 1 98 98 110% 110% tand G Stone & Studebal Sun Ofl 17% 26% 17 145 604 67h 14% 328 26% 46% 479 39% 1% 89% Timken Timken Und-ElL Und-Ell Utd Gas 130 55% 11 12% 54 20% 551 Wabash Wabash 10:30 AM 1:30 P.M Dividend rates as 2818 in stock. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS Inc.,, New York, for the Assoclated Press: Weekly News Review. Commodity and stock prices were mostly higher last week. Quotations on the Stock Exchange touched new lows on Wednesday, but recovered briskly of the week. The tion of the forel ally lower. The average price high-grade bond issues established a new low level for the year on Friday. Recent movements in the bond list, it is belleved, have been influenced largely by the weakness in stock prices, inves- tors transferring their funds to protect their equity holdings or to take advan- tage of the attractive common stock ylelds. Current Yields. Current return in the case of ap- d.\vlde‘l;: degree of regularity is of 6 per cent. Of {m 735 stock issues which cha hands on the exchange in the week before last 473, or 64.4 per cent, are currently receivis cash cent in the casc of 314 issues, or 67 per cent of the number now on a divi- dend basis. On more than a quarter of the total number the return is in excess of 10 per cent. While unusually high ylelds, in most cases, is a danger signal and ws adverse divi- dend action, in the present instance attractive returns in a number of in- dividual issues may be attributed to ll“l‘::rfini‘l)nd“‘?l';" rather than lack of ic merit. R over mon evol in wclrclu that the down trend Stock and Dividend Rate. Add ozn Hig) Stand Invi 5 Stand O of Cal (2% ). Stand Oil of Kan (2) Stand Ofl of N J (12) Stand Ofl N Y (1.60). Sterling Sec (A). Ster] Sec pf (1.20)... Sterl Seccv pf (3)... Stewart-Warner (2). Superior Oil. Saperior Stee! Sweets of Amer Symington (A) Telautograph (11.40) ‘Tenn Cop & Ch (1)... Texas & Pacific (5).. % Texas Corp (3)... Tex Gulf Sulph (4).. Texas PC&OIl..... Texas Pac Land Tr Thermoid Co. . . Third Natl Inv (a2). ‘Thompson (J R) (3). ‘Thompson Pr (2.40) .. Tide Water As (60c) Tide Water As pt (6) Tide Wat Oil (pf (5). % Tob Prod (A) (80c) Transamerica (1) Tri-Cont Corp. Tri-Cont Corp p! -Fischer (b). -Fisch pt (7) Union Carbide (2.60) Union Oil, Calif (32). Union Pacific (10)... Union Pacific pf (4)., Un Tank Car (1.60).. Utd Afreraft.... Utd Afrcraft pf (3) Utd Biscuit (1 60). % Utd Carbon (2) Utd Cigar Store: Utd Corp (50¢). Utd Corp pf (3) Utd Electric Coal Utd Fruit (4).. cash Dayments based on o per n Plus Dreferred stock. r Subject Sales— h, & Epf (4).. 63 t Corp. Webster (4). ker Corp (3). Studebaker Co pt (7) (1), - EEDTCT N TR eINS Det Ax (80c) Roller (3). = [T PPEFTRES ORI = & Im (1.20). Utd Piece Dye W (2) 4 Utd Stores (A)...... Utd Stores pf (23).. U S & For Secur..... U S & For Sec pf (6).. U S Hoffman........ U 8 Ind Alcohol (17) U S Smelt & Ret (1). U S Steel (7). U S Steel pf ( U S Tobacco pt % Univ Leaf Tob (3) Util Pow & Lt A (e! ¢ Vadasco Sales Corp.. Vanadium Corp (3).. Va-Car Chem........ Va-Car Chem 6% pf.. Va-Car Chem pf (7).. Va El & Pow pf (6).. 10; Vulcan Det (4)......200; Pf (A) (5).. Waldorf Systm (1%) Walworth Co (2).... 4 Ward Baking (A)... Ward Baking (B) . Warner Bros Plet. Warner Quinlan, Warren Bros (3). Wess Oil & Snow (2). Wess O & Sn pf (4).. West Penn El pf (7). West Penn Pw nf (6) West Penn P pf (7).. Western Dairy A (4). Western Dairy (B) Western M. Western Pacific pf. tern Union (8) tingh' ting E & M (5) West E& M Dt (5)... Weston El Instr (1).. Weston Elec (A) (2). Westvaco Chlor (2).. Wheeling & LEpf. .. White Motors (2).... White SewingMach. . AB(2). Wilson & Co... Wilson & Co (A)..... ‘Wilson & Co pt. . Woolworth (2.40)..., Worthington Pump. . ‘Worth Pump(B) (6). Yale & Towne (2). Yellow Truck YellowTruck pf. Youngs Spring (3) Sales of Stocks on New York Exchange 231.100 12:00 Noon, 1.197,100 2:10 P.M given In the abo tabl the latest Guarierly of halr jeary’ delave! 100 shares. tPartly extra. $Plus 4 ip.1Plus 9 # ay per cent in . 770,300 1,306 900 St cipally the result of extensive covering by shorts, stimulated by recent in-| creased buying by domestic and foreign trade interests. Mioney Rates. Money rates were unchanged. The | official charge for call money remained at 2 per cent, but towards the close of | the week funes were in abundance out- | side the exchange at 1%; per cent. Brokers' loans, for the fourth successive week, registered a substantial decrease. Net decline amounted to $139,000,000 and brought the total drop in past month to $609,000,000. ite borrowings by brokers through Reserve numbers in New York district are now at the lowest levels since November, 1926 and more than $4,000,000 less than at this time last ._Such steady contraction in brok- ers’ borrowings reflects liquidation by marginal traders; the passing of stocks into the hands of those who cannot be forced to sell. Industrial indices published during the week were again generally of an unfavorable character. Operations in the steel industry declined to 52 per cent of capacity, compared with 55 per cent in the previous week and 56’,2| per cent prior to that. It is now felt that little headway toward a higher the year can now be anticipated for this industry, in fact, it 1s probable, fur- ther ual recession will be witnessed. Freight car loadings after expenting sharply in the week ended October 4, declined hL 17,618 cars to total 954,874 in the following week. Aggregate was 19.1 per cent below the like week of last year and 19.8 per cent smaller than in similar week of 1928. These are next to the largest decreases for any week this year. Automobile production continues toward lower levels. However, electricify output was in-| creased in the week ended on October 18 to 1,710,258,000 kilowatt hours from 1,703,751,000 in the preceding period. Production remains about 3.5 per cent below last year, but moderately higher than in 1928 period. Building awards continue the upward trend begun this month. In the week of October 17 lets averaged $15,735,100 daily, & gain of $3,000,000 over the average in Septem- Quarterly Earnings. Analysis of the -quagterly earnings statements of 113 industrial corporations now avallable for the first nine months of 1930 shows a progressively lower level of aggregate income, both from the stand] t of actual dollar volume dur- m’h year and on comparative basis with the vious year. te re- turns of companies for Sep- tember quarter show a decline of 36.6 per cent from last year. In percentage comparison with 1929, combined profits in the first six months for Z10 industrial companies declined by but 31 per cent. Division of this comparison by quarters shows the decrease in the second quarter exceeding that of the first three months. It is expected that ite results . | for the full nine months level of activity through the close of |’ shares in connection with acquisi of Swan-Myers Co. of Ind.l.lnngolis‘."on American Bank Note third quarter nmlmncg’s.l ags cents common share, agal 30 year sl lzx:. yf""‘é' Nias T g Aot ichor = Corporation third quarter :?rsnsmgysén?lf:o com;nnn share, Enmt - ; nine IB;.?IS! lsam. months, $3.10, reelona Traction, ht & Pow September net, before dlggrecintton. i:: terest and amortiz, up 17.9 per cent; :él;e months, 9.9 per cent above year Borg Warner Corporation third quar- ':gr“;:{nl‘rilii 11 cents common share, 44 year ago; nine months, rol rcraft unfilled orders on hand total $1,119.840; commercial or- ders received in first 24 days October totaled $141,240, largest booked in any like period since organization. Empire Steel Falcon plant resumes operations after shutdown of several ‘weeks. Erie Railroad third-quarter earnings 30 cents common share, against $1.72 y:nor’lgu; nine months, 10 cents, against Fanny Farmer Candy Shops Septem- ber sales off 4.1 per cent; nine months, 4.6 per cent below year ago. General Motors German subsidiary to make Frigidaire units for European markets, Great Northern Railway September net operating income up to 10.2 T cent; nine months, 38.2 per cent befi)ew year’ ago. Tllinois Central Railway September net operating off 14.4 per cent; nine months, 22 per cent below year ago. Maine Central R. R. third quarter earnings $1.98 common share, against $3.89 year ago; nine months, $6.26, against $9.25. 5 International Great Northern Railway had deficit $160,797 in third quarter, against profit $189.564 year ago: for nine months had deficit $1,193,330, against deficit $336,319. Lily Tulip Cup starting night shift at largest plant November 1 to build up inventories now rather than early next year; step taken to assist in overcoming unemployment. Maytag Co. third quarter earnings 8 cents common share, against 80 cents g;larslm, nine months, 52 cents, against Missouri Pacific R. R. third quarter earnings $2.09 common share, against $5.31 year ago; nine months, $2.77, against $7.48. st METAL MARKET. NEW YORK, October 27 (#).—Cop- per quiet; electrolytic, 19. 1Iron q 0. b. Pennsylvania, 17.50-18.50; Buffalo, 15.50- 16.00; Alabame, 11.00-14.00. Tin easy; spot and nearby, 27.15: future, 27.30. Lead quiet; spot, New York, 5.10; East St. Louls, 4.95. Zinc quiet; East Louis, spot and future, mony, 7.37. Quick sil fall about like 35 cent below returns in the 1929. mu-mrmu.w l‘l’ld future, | Mer. Tr. & FINANCI INVESTMENT BOND | [ox v sonx BONDS o scaine] Received by Private Wire Direct to The Star Office LIST SHOWS GAIN High-Grade * Issues Are Strong on Steady Buy- ing Volume. BY F. H. RICHARDSO! + | Special Dispatch to The Star. NEW YORK, October 27.—High grade bonds were strong today under a steady investment demand, but the rest of the list had an irregular tone. South Americans were strongly sup- ported in London, but reports of dis- i sension among the revolutionary forces in Brazil limited the advance here. The return of J. T. Lang and his State Labor party in New South Wales was a bearish argument for Australian bonds because of Lang’s radical views and his opposition to proposed economic reforms in that dominion. German issues were firm and so were French descriptions, but there was some weakness among Central European credits. Railroad earning reports had a dampening effect on the domestic list. Money rates were unchanged and volume was off. At the opening there was some hesita- tion in Brazilians, the market being in doubt as to the ultimate trend. Rio de Janeiro 8s opened off 2 points and the coffee loan was heavily liquidated for 1%, points loss, but subsequently small advances in Rio de Janeiro 6'2s and Brazil 6!2s and 8s gave the group a firmer appearance. Argentine 6s were unchanged. Chile 6s dipped slightly. Bolivian bonds were dull. Colombians dropped, while Perus advanced. There were fractional re- cessions in Japanese issues. Despite the irregularity in stocks, convertibles made a good showing. Al- leghany 5s of the 1944, 1949 and 1950 maturities were strong, continuing their recoveries of last week. Baltimore & Ohio 4l5s, Southern Pacific 4'4s and General Theater Equipment 6s all im- proved. International Telephone con- vertible 4125 were off a shade, but the debenture 55 of the same company scored an advance. Prime issues like Baltimecre & Ohio first 4s, Canadian Pacific 4s, Frisco A 4s, Chesapeake & Ohio B 41.s, Chesa- peake Corporation 5s, Duquesne Light 4158, Columbia Gas 5s and Utah Power & Light 5s advanced. United States Government obligations were off very slightly from their high levels, September railroad earning reports, out in quantity today, were in accord with advance estimates and the mar- ketis expectations, so-there was no gen- eral liquidation of junior obligations of the carriers. A few like Chicago & Eastern Illinois 5s, St. Paul Adjust- ments, St. Paul 5s, Rock Island 4%s and Missouri-Pacific 4s made small gains. Industrials were ragged. Pathe 7s, Goodrich 6s and American Sugar 6s were higher, while Fisk 8s, Goodyear 5s, Skelly Oil 5i.s and Brooklyn-Man- hattan Transit 6s sagged. National Dairy Products 5)4s were active and steady. . BROKER FIRM SUSPENDED NEW YORK, October 27 (Special).— The New York Stock Exchange an- nounced at 10:45 a.m. today that the member firm of C. Clothier Jones & Co. had been suspended for insolvency. The firm has offices at 61 Broadway. C. Clothier Jones is the head of the firm. Other partners are Raymond Heber Bailey, John Bell Huhn and Nelson H. Gildersiceve. John Bell Huhn was the floor member. Mr. Gil- dersleeve was a special partner. CHICAGO DAIRY MARKET. CHICAGO, October 27 (#).—Butter, 8,241 cases, easy; creamery extras, 38; standards, 35%; extra firsts, 35a37; firsts, 315a321,; seconds, 29a30. Eggs, 5,353 cases, firm; extra firsts, 31; fresh graded firsts, 29; fresh current receipts, l 24a26; ordinary current receipts, 20a22. | Byt Washington Stock Exchange SALES. Washington Gas 55—$500 at 105Y, $500 at 105, Washington Gas 6s B—$700 at 106, $300 at 106. Potomac Electric 6% pfd.—3 at 111%. Potomac Electric 5'2% pfd.—5 at 108, The Carpel Corp.—30 at 23, 50 at 231, AFTER CALL. Pnlf‘f;;nu: Electric Cons. 55—$1,000 at Bid and Asked Prices. BONDS. Amer, Tel. & Tel Am. Tel. & Tel. Anacostia ‘& Pot. Anucostia & Pot. C. & P. Tel. Georgetown Gas 1st Potomac Ele Potor Wash Gas 65, series B. Wash. Rwy. & Elec. 4s MISCELLANEOUS. Barber & Ross, Inc., 638. Chevy Chase Club 6las. D. C. Pape: . 6. WM STOCKS. PUBLIC UTILITY. Amer. Tel. & Light Co. ( Steamboat (12) ot. Elec. Power 6% pid Pot. Elec. Power 512% pid Wash. Rwy. & EL com. (7 Wash. Rwy. & EL pfd. (5) NATIONAL BANK. Capital (1) ........ Columbia (12) . UNITED STATES. (Sales are in $1.000.) Sales. High. Low. Close. 70 1017 1015 1015 7 10218 10215 10215 475 10318 10315 10318 3 10218 10213 10218 16 11230 11228 11230 FOREIGN. 7. US4ys's2.. Aus Austria 78 "43.. Bk of Chile 63867 Batav Pet 4%s 43, Belgium 6s '55. Belgium (%-;d — po S50a REouaas 5 Canada 5s Canada Chile 7842, : Chin Gvt Ry §s'61. Colombla 6s Jan Con Pow Japan 7. Copenhag §s '52 Denmark 43 Denmark 5% Denmark 6s 42 Dutch East I Dutch East El Salvador Fiat 7s ex wi Finland 515 * Finland 6s ‘45 Finlane 75 50 French 7s ‘4 French Gvt 7 Hait! 68 '52. B Irish Free St 55°60 11 Italy 78 '51. .o 2 Italy Pub Sv 78’62, 2 Japanese 4s '31 648 '54 Jugosl Bank 78 *57. Karstadt 6s *(3 Montevideo New So Wi Nord 6%s°50. Norway 53 '63 Norway 5%s *65. 40 Poland 7847, Poland 85 '50. . Porto Alegre 85 ' Eragus 71862 2 Serbs-Cr S1 Serbs-Cr-S1 83 °62. Sweden 5% 854 ... Swiss Confed 8s 40 Toho El Pow Toho El Pow 7s Tokio 53%s *61 Utd King 5% 83 Uruguay 6s'60. Uruguay 8s "4 102 85 85 67 63% 2 96% 96 MISCELLANEOUS, AbItiBI P& P 6853 11 72% Ab & St 5%s"43 100% Adams Exp 48 8714 99% 2% 100% (stamped)’ '(10) econd +9e) ashington (i3}, TRUST COMPANY. Amer. Security & Trust Co. (15) 350 Continental_Trust_ (6) Merchants’ Ba Prince Georges Bank & T Union Trust (85)...... Wash. Loan & Trust (14) SAVINGS BANK. Bank of Bethesda (6%)... Commerce & Savings (i0) East Washington (12).... Potomac _(10).. ... Security Savings & Com. Seventh Street (12).. United States (30).. . Wash. Mechanics' (20) FIRE INSURANC] TITLE INSURANCE. Columbia (6h) Barber & Ross. Inc., com. Chevy Chase Dairy pfd. (7 Col. Medical Bldg. Corp. Gol, Sand & Gravel pid. §§EE§=§ 2 g Ter. Rel Corp: Corp. 835! The_Carpel Wash: Mea; Bids. Gorp Woodward & Lothrop ptd.” () *Ex dividend. 82 ks closed. Ajax Rubb Allegheny Am Metal 5%s ‘34. Am N Gas 6% Am S&R 1st 5 . Am Sug Ref 6537, Am T&T cv 4 %839 4 101% 1013 103% 1081 142 1423 i 106% 106% 105% 106 106% 1065 108% 108% & 102% 10214 89 89 2% 72% 681 681 102% 102% 1067 106% 1 111% 101% 102% 101% 101% 89% 90 58% _ 58 _ 101%7101% 9315 9315 102 35 o - Moo TR D0 190D Bell Tel Pa 53 B 48 Bell Tel Pa 5s C "0 Beth St p m 53 '36. . Bush T Bldg 6! Chile Cop db & Colon Ol 6s '3 106% 111% 1023 102 Consum Pow 5s 62. C Am Sug col 85 '31 De Edison 65 °40. .. Det Ed rf 6s B '40 Dodge Br col 40. Duquesne 43 £ East C Sug 7%8"37 Fisk Rub Gen Cable b4 5 Gen Motors 6s°37. [' Gen Thea Eq 6s *40 104 104 95% 954 105 105 107 107 85% 85% 102% 103% (ISR -1 S 13 9 S 7 6 40 40 96% 97 (10216 102% 841 841 99 99 83% 85 70 70 101% 104 102% 102% 4 105% 105% 101% 101% 961 97 98 98 93 93y 4 1004 100% 1018 101% 04 703, 79% 80 931, 88% 9% 94% 108% 103 102% 102% 64 64% 105 105% 1121 112% 100 100% 78 78 89% 891 106% 105% 100% 100% Hoe & Co 6% Humble Ol 58 ‘37 Hum O&R 6% °6: MBTIistpfEsA. 111 Steel 438 *40. Int Cement Int. Hydro El 6s Int Match s *47 In M M col tr Int Pap 6s ‘65 . IntT & T 4%s'52 Int T&T cv 414839 3 9816 Beeee 1 8% Lorillard 68 '37.. LouG & E15s'63.. Mont Pow 6 Mor & Co 1st 4%8.. 222222227 889 ma CREeREeaaS e annn anaDnn! —— Bales. Nor 8t Pow 5s A "41 ooy - Rem R'd 5148 A ¢ Richfi'd O cal 63 "44 Sincl O 6348 B 38 Sincl O Sincl Cr O 5%s Sinclair P L 5 Skelly Of1 5% Solvay Am s '42.. So P R Sug 7s’e1.. Sou Bell TAT 68 *41 Tex Corp ev Utd Drug ev 68 53 U S Rublst 68 47.. Utah P& L 58440 Utll Pow 5% Warn Br Pic 68 ‘39, Warn Quin 6s'39. West Ei deb 63 4 West Un Tel bs *51 anvualoolunal Bravsronanrurnn qaaSuasEE8aamamm o - - - 8 - o wmSalm"Rouarankho wmes '57. Bush Ter con 53’56 Can Nat 4%s54. .. Can Nag 4348 '67... Can Nat 43368, .. Can Nat bs July ‘69 Can Nat 55 Oct '69. Can Nor 7s deb “40.. Pactfic db Can Pac 43%8 Can Pacific 43 Can Pacific 5 C Ches Corp 58 '4 Ch&O4%s e 1 Ch&O4%sB 95.. Chi & Alt 3 Ch Gr West 48'59. . Ch M&STP 4%sC. Ch M&StP 4%s'89. Ch M St P&P 58 75. Ch M & St P adj bi Ch&NW gn 3%s°87 Ch & NW 438 2037 Chi NW 4348C 2037 Ch & NW con 4% s, Clev&Pitts 4%s Clev Term 6873 Colo & Sou - oamlnoalmommemn Cuba Nor 6%s 43.. Del & Hud rf 4 - S o Seall - Fla E Coast 53 '74 Fond J&G 4 GrTrsfdb Gr Nor 55 ‘73 . Gr Nor gn 5%s'62. Gr Norgen 7 Hav El Ry §%: . Hud & M adj 63 '57. Hud & M rf 58 '57.. Ilinots Cent 48 *51. 111 Cent 45°53.. . 111 Cent ref 4s °b! 11 Cent 4%s ~ruSNe Han Babie g Ro aeane 888 N RBewS Int Rys C A 6872, Kan CFtS&M 48’36 Kan City Sou 35’50 Kan City Sou bs ‘50 Kan City Ter 45'60 Lake Shore 4s°31. . Leh Val cv 45 2003, Leh V cv 4%8 2003, Long Islrf 4s49.., L &N 4%s2003.., L&NI1strf6%s.. Manh Ry 1st 43 90 Market St 78 MilE Ry & L 68 51 Mil E Ry & L 63 '61 Mo Pacific s H Mo Pac b%scv 49, ¥ o ¥ Cent 438 2013, NYC re im b8 !u::. 222227 2255 Nor Pacific 48°97. . Nor Pacri 047, Oreg-Wash 4s'61.. Selua O DTS Pei Pere M 1st i Philippine, PCC& High. Low. Olose. 102% 102% 102% AL. RAILROAD EARNINGS SHOWING INCREASES Carriers Offset Shrinkage in Reve- nues by Better Control of Expenses. e Special Dispatch to The Star. YORK, NEW October * 27.—Some to holders of railroad encouragement 108 | securities is offered in the net earnings % | reflects the growing ability of the % | day, and mon! 45% 45 % 94 02% 1 the 36 expes ailroad earnings still car loadings this of 1 87% the decrease in net roads ly figure it. The roads dic: % | ackhison toda; Railroa 14 | Western, Y ¢l % ol month of September which, in of cases, are those same period last year. This car- to offset the continuing large de- in gross revenues by a better their operating expenses. roads making their reports to- previously having shown large ithly losses in net operating income, control of namely Atchison and Great Northern, were able to indicate net gains. Both, however, have heavy shrinkage in the item applicable to dividends covering s-lon nine months period to September tween 15 and 18 per cent. 15 addition to the reports of most attention were the Ohio, "B mn.ém ¢ 3 ir} , , Tllinols & Nashville. (Copyright. 19%0.) DECREASE IN TURKEY PRICES IS FORECAST 40 to 45 Cent Retail Market Is Expected by Local Observers, . Cheap prices for Thanksgiving turkeys supplies will be ready for the Thanks- giving holiday season and dealers be- lieve the percentage will be even higher. “It looks very much as if there will Week ended October 22..$13,228,052,000 Previous week...... 12,774,783, Same week last year.... 20,328,234,000 NEW YORK BANK STOCKS NEW YORK, October 27 (#).—Over- the-counter market: .,,s $82aSE T u E‘. - NEW YORK, October 27 ().—Rail- paraf year, included: Baltimore & Ohio. Burlington . . Chi. & North: St L Ir M'nt 68 “31.. 28 A.. 17 StP Seab - Bean BZunmne Sou Rwy 6%8°5 Tex & Ark 538 'S R e - Third Avadj 6360 Ui Pac 15t 48’47, Union Pao 4s 68, BaR N Room no =R © e