Evening Star Newspaper, October 29, 1930, Page 12

A—12 *%# AUTO FIRM ENTERS ELEGTRICAL FIELD House Cooling Plant to Be Featured in New Line of Products. BY J. J. ROYLE. The household electrical equipment industry is about to be invaded by a new competitor. It has become known that one of the largest automobile manufacturers is prepared to add these sidelines to its already extensive pro- duction schedules. It will make elec- tric_irons, curlers, vacuum cleaners, toasters, heaters and a hundred other products as well as motors for various purposes and_electrical radio equipment. t was, in (lct the venture into the Mlo fleld bj this S eaany that gave it the idea, supported great success recently in the electrical refrigeration fleld. company now is making gas Tefrigerators as well. House Cooling Plant. ‘The most important thing projected, however, is & house cooling plant which, it is claimed, will mean the retirement of electric fans in many homes and offices and public places in Summer within the next five years. ‘The cooling system has proceeded far MI'l'fh to demonstrate that it is thor- oughly feasible. It is not particularly ehe‘p equipment, but it is felt that its come well within the means u '.he householder who has installed ofl heating plants and other new labor saving and comfort producing equlp- ment in his home in recent years. cooling system is believed to have ll- most unlimited sales possibilities, for it i the type of equipment which efficiency seekers say should be installed in indus- trial plants and factories. The advertising copy making an- nouncement of the new lines is now in process of preparation, it is under- stood, and quantity production of the equipment will not be long delayed. The move is along the general lines which all far-sighted business execu- tives now realize must be followed if public through its dealer ts. Tt obvloully intends to ml.le outlets carry more kinds products to the buyers. will permit the articles being given ‘window displa; 'anwe and will -ld deal- ers in operating their sales forces to the utmost without loss of time or waste motion. Thus it will aid the automobile dealer in reducing overhead and in avoiding full effects of seasonal lm Competition Seen. ‘The manufacturer expects to benefit orking the tendencies of the day. all manufacturers are seeking ble sidelines which will enable utilize sales outlets and orces to the utmost. This has tn !.he oil industry, pared foods, in l'ufl lnd toilet articles of lines, some of 'hk:h the chain mail order house businesses. . (Copyright. 1930.) 50; , l5ll "5 ot su st S rl'l. ‘bushel, lmll 75, q\nncu. ‘bushel, 2581.50. !Dflnflol'l:,l wll.eu:h' te, firsts, 47; !om.hzr‘n flnu as:u. current re- ind, 3 : ; proocess, !!l“ store packed, 19a20., Live Stock Market. Cattle—Receipts, 200 head; light sup- ply: market steady. Bteers, choice to prime, none; good to_choice, medium to good, 7.0088.25; fair to modlum. 6.00a6.75; to ‘;irw 5.25a5.75; common 85.50; fair to medium, 4.7585.35; phln to fair, 4.25a4.75; common to plain, 3.7584.25. Cows, chnlc! to prime, none; choice, T fairbo, medtam. 3704 25; ‘plain , 2.75a3.25; common. to plain, 2.00 | 1ice to prime, none; good 75a7.50; medium to good, $.0026.50; r to. medium, 5.25a5.75; plain to fair, 4,50a5.00; common to plain, 4.00a4.25. Sheep and lambs—Receipts, 500 head; fair supply; market steady; sheep, 1.00a3.50; lamb, 4.50a8.25. FPresh cows and Springers, 30.00a80.00. Hogs—Receipts, 500 head; light sup- ly: market steady; light, 9.75a10.1! vies, 9.75a10.15; medium, 9.75a10.1! 'mo.ooo light pigs, 9.25a9.85; ’ wvu—Mexpu. 50 head; light sup- | 3% ply; market steady; calves, 5.00a13.50. Hay and Grain. Wheat—No. 2 red Winter, export, 83; No. 2 red Winter, garlicky, spot, 83; October, 83; November, 8315. Corrt—No. 2 domestic, yellov& old 95a96; cob corn, new, 4.50a4.75. Rye—Nearby, 60a65. .o‘;u—wmw. No. 2, new, Hay—Receipts, none. General hay market strengthening. Drought has seriously curtailed nearby crops, chang- the entire situation. Sections here- tofore shipping are now asking for offers of hay. Good clover mixed and timothy new hay will bring from 24.00 to choice, 46, No. VIRGINIAN RAILWAY Nine Months’ Net ‘5” a Share, Against $8.75. Virginia Rallway Co. reports for nine months ended September 30, 1930, net vnmm- of $3,122,846 after taxes and equivalent after dividend re- Wnu on 6 cent preferred stock $5.96 lhlrepe;n lllp'lli shares of FINANCIAL, THE EVENING STAR, WASHINGTON, D. C, NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. (Continued From Page 11.) D 36% Owens I1l Glass (3). 46% Pacific Gas & Bl (2). Pacifie Lighting (3). Pacific Tel & Tel (7). 15t Pac Tel & Tel pf (§). 10s 128 Packard Moter (1).. Pan-Am Petrol (B) Panhandle P & R. Param'nt Publix (4). Park Utah. Pathe Exchange. Pathe Exchange (A) Patino Mine Penick&Ford (f1%). Pennev (JC) (3) .. Penn Dixie Cement. Penn Dixie Cem pf. . Penna RR (4).. Pere Marquette (13). Petrol Corp (1%) Phelps Dodge (3 Phila Read C& I Philip Morris&Co(1) Philiips Petrol (n2).. Pierce-Arrow A (2). Plerce Petrolm(10c). Pillsbury Flour (2). Pitts Steel pf (7). Poor & Co (B) (2) PRAm Tob A (3%) Postal Tel & C of (1) Prairie Oil & Gas (2) Prairie Pipe L (15).. Proct & Gamb (2.40). Prod & Refiners. Pub Sv N J (3.40) PubS&v N J of (5). PubSv NJnf (6)... PubSvE &G pf (6). Pullman Corp (4) 35 1 1 BeNSEanmmSNananRnS s 5 BT TSI - T PR PR RadioCorp :.....e0 Radlo Corp (B) (5).. Radio-Keith-Orph A. Raybestos Man 2 60. Reading Rwy (4). Reading 24 pf (2)... Real Silk (5) Rem Rand (1.60). Reo Motor Car (30¢). Republic Steel Republic Steel pf (6) Reynolds Spring.... Reynolds Tob B (3). Richfield Ofl (new). Rio Grande Ofl Royal Dutch a Safeway Stores (5).. St Joseph Lead (13).. St L-San Fran (8)... St L-San Fran pf (6). St L Southwn pf (53, ;S:?-.....:._ Seab'd Air Line pt. Segrave (1.20).. Sears Roebuck $12% Seneca Copper Servel Ine. !hl!luekl!‘fl)lfl%) Shell Unfon Ofl..... Shell Un Oll pf ¢6%) Shubert Theat Stmmons Co. Simm# Petrol Sinclair Con Ofl u) . Skelly Ofl (2)....... Snider Packing pf... Sou P Ric Sug (1.40) Sou P Ric Sug pf (8) Southern Cal Ed (2). Southern.Pacific (6). Southern Rwy (8)... Southern Rwy pf (§) Spang-Chalfaut..... Sparks Withing (1). Stand Brands (1%). Stand Brands pf (7). Stand G & E (3%) . = o ZoRBuetulv-aunmrna ® 3 5 8 4 1 4 " 5 2 7 1 3 3 4 8. 1 7 7 3 29 3 636 20 6 2 11 3 13 108 1 208 3 3 1 3 2 13 L Stand Ofl of Kan (2)" Stand Ol of N J (12) % Stand OII N Y (1.60). Sterling See (A) Sterl !u ot (1.20. !maab-hrc&. @). Studebaker Co pt (7) Symington 8% Tenn Cop & Ch (I) Te: Corp (3)... Ehrevaise- s Tide W Timken Timken Tri-Con Utd Pie td Stoy U S Disf U S & Fe US & Fy U 8 Lea USP& Univ Pi nadiu Va Iron Vulean Ward B Wilcox Wilson Wilson Yellow Youngs ecash paymen! tiona. +0n, ot ra, 9% 0% Dreferred stock. Dividend Rate. Tex Guif Sulph (4) Thatcher Mfg (1. Thermold Co. . Third Natl Inv (a2). ‘Thompson Pr (2.40). Tide Water As (60c) Tide Wa Tobacco Products Transamerica (1). Trico Prod (2%) Und-Ell-Fischer (8). ¥nion Carbide (2.60) Union Ofl, Calif (12). Union Pacific (10). 0) Util Pow & Lt A (e2) Vadasco Sales Corp. . Vadasco Sales Cp pf. ks Sh & Pac (5) . Penn E1 A (7). Penn EI pf (7). West Penn Pw pf (§) 508 West Penn P of (7).. 10s Western Dairy A (4) Western Dairy (B).. Western Pacific Western Pacific Df. W Wh Rock M 8 (t4%). White Sew Mach pf Willys-Overland. Willys-Over pf (7) Woolworth (2.40) Worthington Pump. Worth Pump(B) (6). Wrigley (Wm) (4) Yale & Towne (2)... YellowTruck Young Sh & Tul 3% Zenith Radlo. Sales of Stocks on AM Dividena rates as ts based on tock and Bates— Add 00. High. 10 54%m r As pf (6) il (80¢). . Det Ax (30¢) Roller (3 N Fundama e en t Corp. o 2w PETS-1-PA- I Utd Gas & Im (1.20). Utd Gas & Im pf (5). ce Dye W (2) res (A). tributing. or Secur. .. ‘or Sec pf ther (A). U 8 Pive F 1st (1.20). U S Realty&Imp(3). U S Rubb U 8 Rubber 1s U S Smelt & Ref (1).. U S Smelt Ref pf 3% U S Steel (7)..... U 8 Steel of (1) Univ Leaf T pf (8). Univ Ple 1st pf (8). 2 411 208 108 pe & Rad. 1 10 2 1 136 108 4 nmcorpun Coal & C pf Det (4). Wabash......... Waldorf Systm (1 aking (B) 108 708 L Se mreaS e mae s TR e wa 011 & Ga &Co &Co (A). Truck 80 86% 22% % Spring ( an York Exchange . 771,200 ©1.675'500 given m the above ta on"Lhe latest Suarierly or alf pearly declare 100 Ifllm 341.700 1,078.000 tPlus ¢ stoex cent in_stock. us i per cent i Bubject to ...,...,'.«"“t:...‘,fi'.‘:."' i b | STEEL FIRMS SHOW DECLINE IN EARNINGS Cuts in Prices yand Low Rate of Production Reflected in Reports. Special Dispatch to The Star. NEW YORK, October 29.—Half a dozen fron and steel companies made their reports today for the September | quarter and all, like U. 8. Steel, indi- | cated the effect of the low rate of pro- | duction and the poorest prices since 1921. Colorado Fuel was foreed to re- | duce its dividend to & $1.a-share basis from $2 a share. Its profit for nine months have fallen about 50 per cent. Por the same period Jopes & Laugh- | lin shows 9.36 per cent earned, against 24.14 per cent in the same period of | 1929. Inland Steel earnings are off for nine months to 5.00 per cent, compared | with 7.74. Youngstown Sheet & Tllb! earned 5.34 per cent, against 16.67 on | the common in the January-September | term of a year ago. The “Iron Age”| today states that “the immediate out- | DIVIDENDS'DECLARED NEW YORK, October 29 (#).— om Rate. riod. rere: o Hard Rubber. § Be Belon Latay 4. 4320 oi0..088 s ¥ 3 5E5eqe TERR: H X < LR & Ry 175 Pa Wat Ber 38 b #.80 Ehila ln;uvnlm Le.aT8e ok H 2ZZ 2Z 332 3 2222 waw Do. & Superior Pertiand lln Por luun l‘l ll 5 8 Bteel U Bost £ £ -z Gt A Statement for September and nine months compares as follows: ol R 50 Gt l'-niurn Inv oo B NINE MONTHS’ NET Third-Quarter Earnings for Corporations Give New Totals for Year to Date. Net income reports now available from | 79 industrial and uti®cy corporations for | the first nine months of 1930 show a | decrease of 15.7 per cent from the cor- responding period to the Bhnd.lrd Statistics Co. talled figures of eammings of the nflo\u divisions in the first nine months of 1929 and 1930 follow: § Adv. and printing Copper S Electrical ‘equipment . except meat Leather and shoes Machinery Jook in the iron and steel industry!|rs o lacks ‘promise.” EARNINGS REPORTED. NEW YORK, October 29 (#).—Crown Cork International Corp. and subsidi- aries today reported for the first half net profit of $203 991 after depreciation. | Federal taxes, minority interest and provision for Spanish exchange fluctu- ation amounting to $53,171. This was equal to 12 cents a share on the class B stock, compared with $201,516, or 55 cents a share on the class B in the first half of 1929. Youngstown Sheet & Tube Co. and profit of $1,708,979, equai 16 $1.25 a share on the common, against $6,756,- | 741, or $6.! .')5 a share, in the third quar- ter last ye Reo uowr Car Co. for the September | U | quarter had net loss of $956.488, against a net profit of $407,297, equal to 20 cents & share, in the Lhrfl uarter last yea resti) rake and sub- lldllrtungld thlrd q‘llm net equal to 53 cents a share, against 57 cents in the preceding qmrur and 66 cents in the third quarter of 19: Rio Grande Oll Co. and subsidiaries had third quarter net profit of ll'l aull to 71 cents a share, ith $1,231,544, or $1.01 & lhau, in lhe | like quarter last year. e ¢ MONEY XABKET NEW YORK, October 29 (#).—Call money renewed at 2 per cent today anc held at that figure despite & negligibl. demand. In the m:ul le market funds were available at 1% to 1 per cent. Time.money was dull at unchanged rates. Commercial paper and bankers’ acceptances were unchanged. DIAMOND MATCH CO. NEW YORK, October 29 (#)—Wil- liam Wrigley, jr., and B. C. Snead to- day elected directors of the Dia- mond tch Co., succeeding M. C. Begle, resigned, and the late Willlam R. Begg. Mienriare ‘Tex., police adopting 5 -‘:lober p&l exrlusi IS OFF 15 PER CENT| 79 of 1929, according | subsidiaries had September quarter net | NEW YORK, October 29.—Renewed | irregularity would not surprise some brokerage houses in view of U. 8. Steel's failure to declare an extra dividend and the extent of the technical recovery. Comments incjudé: E. F. Hutton & Co.—The general news of the day, such as car loadings, etc., is discouraging. The one all-im- | portant long pull. bullish factor is the decline in loans. Here and there in- dividual stocks will undoubtedly decline | in responise to belated liquidation, but it is hard to see how the majority of the list, particularly the inactive stocks, can i | | | Jackson Bros., Boesel & Co—Again we point to the commodity markets as giving the real lead to a business re- | covery. Sound economic reasoning held all during the year that business im- provement depeided primarily on com- modity stabilization. Every indication now points to such stability. Tobey & Kirk—This 1s an investment | rather than speculative market and the most important operations now in ro(- ress seem to be the steady purcl of stocks of all kinds for long-pull pur- | poses. This is gradually reducing float- ing supplies and moderate advances IR follow from time to time. M. J. Meehan & Co.—Decision of the | U. 8. Steel directors to omit an extra dividend should have an adverse effect | marketwise, We think more attention | will be given to the earnings statement. We continue to feel that high e in | vestment issues may be lccumulnud on moderate recessions. Smith, Graham & Rockwell—Noth- | ing better than a trading market is to be expected, for which reason rallies should not be followed too far and | purchases are best made on reactions. Would avoid mnd-mue stocks. Hornblower & Weeks—Although the genersl market looks up, traders must be prepared for unexpected weakness evelop in the list in special situa- e wcs ‘da " the ‘Dosak In Eastman Kodak in yestesday's market. Babcocl Rushton & Co.—If the market has attained the capacity to ignore bad news, and there is evidence of this, and if the tendency to selec- tivity is emphasized in the next day or two of trading, it will be a development holding out a great deal of promise for a recovery movement that might spread l'.lelkf. over a period pf 10 days or two weeks. Redmond & Co—We would not be surprised to see stocks react to around the lows of last week. Many lssuss un- | doubtedly will receive excelient s | around those levels. While we. that the downward readjustments of ‘pflw has not yet been completed, any lhup reactions during the next few | weeks should give investors some ex- be l: anything but a long pull buying Geor u nuf Teel | B°'c°F: ulum opportunities to acquire stocks for hm.-urm investment at bargain levels. PARIS )OUBII !BICES PARIS, chbfl 29 (#).—Trading was francs 90 l:nh-uaonlnndnn. 123 francs 83’ centimes. Tbeaollnv-mmdnl . francs 49 centimes. WEDNESDAY, OCTOBER 29, 1930. FINANCIAL. - BONDS IRREGULAR | Cox-sev sone BONIDS o excsca] [PRORATION OF OIL Wire Direct to The Star Office IN QUIET MARKET Brazilian Group Makes Fur- ther Recovery—Secondary Issues Are Weak. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, October 29.—Bond trading was dull and price trends were irregular today. Neither advances nor declines were wide except in the South American group. Here Brazilians staged a further recovery, carrying the rest of the Latin American credits with them. All the ordinary bullish factors were present—low money rates, a steady in- vestment demand, and only & sparse offering of new issues. But the market revealed an apathetic tendency in sec- ondary and terilary issues. Holders of these bonds have shown themselves quick to sell on poor earnings or other adverse reports and traders who con- sider them at bargain prices are afraid of (unhtr declines. One e bond house today adver- tised thlt it had prepared a lengthy list of bonds yielding 6 to 12 per cent, indorsing their choices by the flat statement that the house considered the issues well secured. Many industrial and railroad obligations = that held around & 5% to 6 per cent yltld basis most of the year have sagged into the 8 to 10 per cent yleld region in the past three weeks. ‘The trend was illustrated today by new declines in American Natural Gas 6158, off 5 points; Hudson Coal 5s, off fgctionally; International Paper 5s, off 2+,; Dodge Brothers 6s, off 13: Ar- mour of Delaware 5!3s, off 1% Colon Oil 6s, off 1: Phillips Pelrnleum 5Vj4s, off fractionally; Richfield Ofl of Cal fornia 6s, off 1; Chicago & Eastern linois 5s, off 15; St. Paul 5s, off 14 Seaboard Airline 6s, off fractionally, and Wabash 4128, off a shade. All of these are selling on a high yield basis. Fluctuations had an upward trend in the high-grade group, with small gains in_ Atchison general 4s, Southern Pa- cific 458, Frisco A 4s, Great Northern T8, Inl.nd Steel 428, North American Edi 5s, American & Foreign Power 58 md Younnwwn Sheet & Tube 5s. U. 8. Government bonds were all within 1-32 to 3-32 of their highest levels of the sear. Convertibles were extremely inactive, the few sales showing a weaker ten- dency with stocks. Brazilians opened weaker with news that the rioting in Rio de Janeiro had further delayed business recovery there. But these reports were quickly dis- .counted and in the first hour Brazilians had a strong upturn. Rio de Janeiro 0",! gained fractionally; Rio de Janeiro 3% points higher. Brazil 8s 0?2 points. Other South Ameri- cans to advance were Uruguay 6s, Bo- livia 7s, Cundin Marca 6758 and Buenos Aires Province 6s. German issues held well, the 5155 un- changed and the Reparation 7s adding 83 to their recovery. Australian issues continued weak, reflecting selling in London. French and Belgian credits were quiet. Trading in Stock Suspended. NEW YORK, October 29 (#).—The New ,York Curb Exchange today sus- pended trading, until further notice, in the old common stock of Buzza Clark, Inc., of Minneapolis, manufacturer of printed art products. Injunction pro- ceedings have been taken against the company's recapitalization plan and pending the outcome of this legal action the New York transfer office for the stock has been closed, necessitating, | under the curb rules, a suspension of | dealings. 2 ‘Washington Stock Exchange SALES. Pot. Elec. cons. 55—$2.000 at 103. Pot. Elec. 6s 1953—8$1,000 at 107%. Wash. Gas 55—$1,000 at 1055, Wash. Gas 6s A—$1,000 at 103%. Clp ‘Tract. Co.—10 at 50, 10 at 50'5, . P Mergenthaler letype—ln at at 89%, 10 at 89%, 10 at 8 894, 10 at 89%, 10 at 89% m-zn%.lonw 4 at 90, 10 at 90. 8t. pfd—10 at 100, 5 at 100. Security Stge. Co.—10 at 110, 10 at 110. The Carpel Co.—50 at 23%, 50 at 24. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telga 4!us '33 Amer. Tel & Telga. 4128 Am. Tel. & Tel. ctl. tr. & Pot. R. R. c 58 c-mm Traction R. R. & Suburban ow, Rwy. & El. ptd Wagh. NATIONAL BANK. Capital (14) (12). District (8) . FPederal-American o0y Liberty (7! Tincoin (13): Metrovolitan s Seesna o Washinston (i3 " TRUST COMI American Sec. & Continental Trust Merchants’ Bank & T ings & Trust (128). Bank & Trusi.. 225 SAVINGS BANK. Bank of Bethesda (81).... Gommerce & Savings ( UM East Wasnington ¢ Potomac Security uvlnn & con. Dhited states « Wash. Mechanics' FIRE INSURANCE tan Columbia (8h).... Real Estate (8h). - Title & Inv. MISCELLANEOUS. Barber & Ross, Inc.. com., Chase Dairy pfd "loe;uln‘e tom @) o Lelros i " UNITED STATES. (Sales are in $1.000.) Sales. High. Low. Close. Lib3%s..... 51016 1016 1016 Lib1st4%s. 17 10220 10218 102 20 Lib 4th 434s. 124 10319 10316 10318 US3%s 6 10215 10215 10215 4 10620 106 20 106 20 51 10827 10828 10827 56 1133 11229 1132 FOREIGN. Sales. High. Low. Close. Argentine5s'45... 3 B84 84 84 5% L9 88% Austria78'43..... Bk of Chile 6% s ‘57 Batav Pet 4 %3 Belgium 68 '55. Belgium 618 '¢9. Belgium 7s '65. Bolivar 7s '58 Bolivia 7 ul- Bremen 7s '3 Canada 6831 Canada 53 ‘52 Chile 0. Chile 68 '61. Chile 78 42, Chin Gve Ry 65 '51. Colombia 6s Jan Copenhag 52 Cuba 5%s 05 Dan Mun 6. Dan Mun 85 B Denmark 4%s°62 Denmark 5%s 55 Deamark 6s Dutch East Dutch East 1 Fiat 7s ex war "4§ Finland 6845 Fin| German 7srep '49. Ger Gen E1 78 *45. . Hungary 7%s '44 Italy 78 '51. Italy Pub Sv 6348 ‘54 Jugosl Bank 7s '57. Karstadt 63°43. New So Wales '57. Nord 6% '50. Norway bs '63 Norway 5% Norway 6s "44 Norway 6s 52 Orient dev 6%s ‘58 Orient d " Paris-Ly n Peru 7859, Pirelll 7 Poland 6340 Poland 78 "47. oland 85 '50. Porto Alegr Prague 7148 '52 Rhine West 63 '5z2. | Rhine West 65 '53. Rhine West 7s '50 Queenland 7s ‘41 Roy Dés'46 w Sao Paulo Sao Paulo Saxon 78 '45 Selne 78 *42. Serbs-Cr S1 78 '63. . Serbs-Cr-81 62. Solssons 6s°36.... Sweden §% s Swiss 5148 46 Swiss Confed Uruguay Vienna 6; Warsaw 7s '58.... 2 Yokohama 6s'61.. 10 MISCELLANEOUS. Abitibi P& P 3 32 Adams Exp 4s'48.. Allegheny 63 "44 Alleghany 6s 49 Am Ag Ch %841, Am F P 5%82030. . AmIGChb%s’49. Am Int Cor 6% 4 Am Metal 6%s u Bell Tel Pa bs B 48 Beth St rf 5842, .. Cert-td deb 6% s *43 Chile Cop db 53 "47. Colon Ofl 6s Col G&E bs May '!2 Com Invest 5% s 49 Com Invest 6s '48 ConG N ¥ 6%s 45, Denver Gi Det E4 rf Dod; Donner St 7s Duquesne 435 '67. East C Sug T%s Fisk Rub 88 '41. . Gen Motors 6s '37. Gen P Sv 51839, Gen St Cas 5%s Gen Thea Eaq 6: Goodrich 648 Goody'r Rub b Humble Ofl 58 '37. . Hum O&R 638 '82. MBTIstpfbsA. 11] Steel 4348 40 inland Steel u/.r'u int Cement Int Hydro E 63 w Int Match 68 '47 InM M col tr 63 41 Int Pap 68 A *47. Int Pap 68 65..... IntT&T4%862.. ot T&T cv 4148 39 IntT&T68'S5. ... Kan C P&L 65 A ‘52 Kan Gas&E 4158 '8t 9 40 106% 105% um 23 'l! 89% MeCormncl Midvale Steel 5536 Nat Rad 6%8°47. .. N Eng T 18t 68 52. N Y Ed 181 6348 '41 NY ELH&P 48'49. NY Tel4%8°39... N ¥ Tel 65 '41. N Y Tel 65°49. Nor Am Ed 6867, . Nor Am Ed 638 '63 NorOT& L 6347, Nor St Pow 68 A 41 10214 1081 103 26 Pathe Exch 78 " 4% Peoples'Gas bs. Phila Co 58 ‘67 Skelly Ofl 6 % So P R Sug St Ol N Y 43851, Sug Es Or 78 *42... Tenn K| P 68 A "47. Tex Corp cv bs "4 Trans Oil 648 '3 Utd Drug cv 6s ‘63, U S Rublst 58 '47.. Utll Pow 5% s 47 Walworth 6s A Warn Br Ple Warn Quin rner Sug 7s West UnT 61458 '36 Wil & Co 151 68 °41. You St& T 6 Atch'on cv 4% s *41 Atch Ariz 448 63.. PEWYV g 11 &0 Swn dy 5 B&0 Toleo 4880 Ban & Aroos 4s ‘51 Bos & Me 68 1955. . Bos & Me 58 '67. Brooklyn Elec 6 Bklyn Elev 6% s Bklyn Man Bkiyn Un 1 Bklyn Un EI BR& Pitt 4%s'57. Can Nat 4%8s 87 Can Nat 4%s'70 Can Nat 68 July ‘69 Can Nor 4%8°35... Can Nor 6% s db". Can Nor 7s deb 40, Lan Pacific db 4». o PR RN A O RN NN AR NN AN NI ~AANE AN B W C B&Q st rf 68 71 Ch & East I11 53 51 Ch Gr West 48 '59. Ch In & L gn 5856 Ch M&StP4s 89, Ch M&STP 435 C. Ch M&StP 4% s ‘8% Ch M St P&P 6a 76 ChM&StPadj Ch & NW 434 s 2037 Chi NW 41 8C 2037 Ch & NW con 4% s Ch R I&P gn 4s'33 Clev Term 4%s’77. Clev Term 5%s *72. Colo & Sou 434 '35 Colo Sou 4%s Cuba RR rf 7%8'36 Cuba Nor 6%s 43.. Del & Hud rf ¢s 43 Del & Hud 6%s°37. D&RGren4s 7. Erfe 581975....... Fla E Coast 374, GrTrefdbesss. Gr Nor 418 76 (D) Gr Nor 434877 (E) Gr Nor 5513 Gr Nor gn 5% s 'u, Gr Nor gen 78 ‘36 Gulf Mobile 5s ‘50, Hud & M adj 57, Hud & M rf 58 '57.. 111 Cent 53 11l Cent 63 111 CCStL&N Int Rap Tr bs int Rap Tr sta 2. Int RysC A 58°'72. Kan CFtS&M 4836 Kan City Sou 3s'50 Kan City Sou 58 ‘50 Kan City Ter 45'60 @ Sho 33 Leh Val ev 45 2003 . Leh Vcv 4%s 2003 Leh Val 58 2000 Long Isl1 rf 45 49 L & N uni 4840, L &N 4%52003. . L& N5sB2003... Market St 75" 561 M SP&SSM be g gtd M StP&SSM 6 MK&T st és Mob & O gen ¢s Nassau Elec NTC&StL6s32 NYNH&H ab 48’57 NY NH&H 4%8 87 NY NH&H cv dl NY NH & H elt 6 NY O&W 1st 4 NY O&W gn 48 NY S&W gn bs ’a Norf South 58 '4. Nor & Wnev ¢s Nor Pac 58 D 2047, Oreg- Wash Penna 48 '48 St PhWVJ%lB'l! P& W V4k%sC60 Port Ry 68’42 Reading 4% B Rio Gr W elt 449 Rio Gr W 1st 4s ‘39 RIAr&Li%s St L ir M’at 65 '31 prysyey T e »am.%%a.um...au_a RRono~Ra wawn an T Close. 106% 101% 2% 3% 80 86 9514 . Low. 105% 101 2% 3% 80t 6% ks 76 1018 1024 101% 9% 9% 105% 1088 OUTPUT IS PUSHED | Industry Contronted With Dife ficulties in Conserving Supp!y of Fuel. BY BENNETT WOLFE. Associated Press Staff Writer. TULSA, Okla., October 29.—Figura- 99% | tively speaking, science is being called los% 00% 1 109% lOl'A 984 694 1011 69% 101% Y% 102% 90% 105% 103% 101% 110 110% 101% 101% 9% 9% 68 69 42% 42% - 96% 964 106% 105% 96% 96% 1% 81% 1% 81% 106% 106% 80% 80% 864 86 85% 86 38% 38% 80% 101 9" % 100% 100% 90% 90% 101%° 101% % 90 90 101% T84 95% 118% 100% 100% 109% 110 9% 95 984 984 llt upon to aid in stopping something that started for the petroleum industry. The mdlugy is -mmpzlm. to undo, In & way, the progress of engineeri research in bringing about an l: creased output of crude ofl and its re- fined products, and that attempt has made a new assignment for the tech- nologists. Difficulties in Prorition. Proration of crude oil production, the practice to which the industry has turned for eliminating present over- supplies of both the raw material and its refinements, is presenting new tech- nical questions. hr, to be satisfactory, ‘be accomplished without wells or interfering 'lth e!l!fl ofl pools. Leading pmdmmon engineers say that conditions may vary in ndividual cases, and that the effects the shutting in of wells will have upon the ultimate ge of the well or the field can told only after the experiment has been tried. Producers, however, recog- nizing proration as a technical problem, have expressed confidence in the ability or englnurln( to protect their interes generally are inclined to the belie 'hlt little real damage will be done to their wells or leases. Some engineers are of the opinion that shutt 3 in of certain wells is a distinct ben~. in that the method allows pressures underground to equalize, with lh! result that water is held back from the hole and oil driven in by the move- ment of gas as well as by exerted by the water next, | These engineers uy that fi of lufih ':u‘h:w hastéfl water en- croachment,, just how soon depen upo 1 the location of the well umm FETT o . e s some e S Y gener: f the nmduc sand is imlm wa- ter, the oll behind eannot be re- covered by any present known method :;"w‘?dncuon But :"l. 2lso is agreec Erwper enginee: follo! Water encroac) can be controlled. New Methods of Production. ‘The task proration has created fo sclence is strangely in contrast with that which confronted it some years ago when the question of future supply was considered a significant lem. Since then v-l:tml.m vement been made cal prospecting methods and drl g has been made l?uch faster and more weunh so that today, the agency of science, the pe! Nulznznt industry is in command of draining of vast stores of cnlde oil. Pro- practices ar: ent large’ and practices that make’ + duction from cepths of 5,000 feet and below was nothln; 'nt reserv: of oil in the earth'could be held m&l:’: !ornxoflevenmonm-ndnolew ??‘o.:’ omelg m‘:he ml.lu.nthne in'a healthy condition. ofadi Washington Produce But! 325 0tten—One-pound prints, 44a45; tub, 40245, lln'.l tmh hlh@-’cf 18a23; veal, XMI lambs, :our pork loins, 28; Vegetables—Potatoes, 150-pound sacks, 3. 25 sweet potatoes, per barrel, 3.008 3.25; Idaho bakers, 3.00a: tomatoes, 101% 101% | he 104% 104% 88 88 100% 100% 101% 101% 95% 96 98 102 98 102 h 58% 53% B 95% 954% 100% 100% 102 102 107% 107% 107% 107% 101% 101% 8% T8% 95 95 118% 118% 97% 984 104% 104% My % 98 98 102% 102% 98% 98% 100% 100% 1031 103% 110% 110% 109% 109% 100 100 101 101 104% 104% 1! ; . 2.00 Florida, 1.5082.00; turnips, white onions, 50-pound sacks, peppers, 1.00a1.25. NEW YORK BANK STOCKS NEW YORK, October 29 (#).—Over- the-counter market: ash, 1.06"-“1.15: 1.25; Americ: E=§§§§:Es=_ 238 Ss3838x a Peoples Nati! . Trust Comvanies. 3 g T :§= unty . Guaranty Irving M 93 Seab A L ¢4s st Seab A Lev Seab All Fl 68 A'35 Seab All Fl 6s B'36 0 Tex & Pac 58 C'19. Third Av ref 4 1 Third Av ad}