Evening Star Newspaper, November 13, 1930, Page 14

gv :r“t FINANCIAL, "NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. CREDIT DEFLATION AFFECTS BUSINESS| Bond Market Also Reflects Present Condition of Tight Money. BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK, November 13.—Business men and bankers who continue to talk about cheap money in the United States should bb‘i)n:l.nd wwmh]::lnth'ehl’ th: average prices touc! owes! levuls of the year on November 8. The situation is not healthy. English sterling is now practically at the point where it Is possible to export gold to the United -States. As a result of this, and the continued withdrawal of gold by France, money is stiffening consid- erably in England at the present time. No country in modern times has ever recovered from a business depression without a big bond market, and the United States certainly has had no bond merket o far upon which to base busi- ness recovery. Deflation and Business. ‘There is no ut\on but that defla- its withering effect on Imd.ne- Still, one writer suggests that there has been no deflltlon In credit in the United States, since the assets of the member banks of the Federal Re- serye system have increased $300,000,000 This writer apparently overlooks the fact that these member banks have taken over, from forelgn banks and deflation in credit, operating directly through the member banks, has been about $3,500,000,000. In addition to this, there are a num- ber of other factors operating outside nember banks, which have also led tontraction of. credit other than Deflation, resulting in a deDlng level, continues while the Federal looks on complacently. Strong’s Career. ‘The late jamin Strong, governor the Mefin’mrve Bank of New not a college man. He quit t 18, after completing his high course, and went to work as a in the office of the bankers Jesup, Co. of New York. His educa- e !rom experience. His entire ven over to a study theory and practice of banking, commercial and Federal Reserve. 907, 'nhenhewnuyflnolm and secretary of the Bankers’ Trust Co. of New Yark, Mr. Strong was called upon to examine the various banking institutions that were then threatened. work_he gained the confidence P. Davidson, a_Morgan part- t.he banking world. From that he was a marked man. At 42 ‘became governor of the Federal Re- Bank of New York. And until his | in 1928, he was its outstanding hes and writings of gERERRE :E vemor of the Federal Bcnk of New York. In these times, when Menl Reserve policy is under close scrutiny, no student of can ignore this latest contri- e literature. ly Mr. St 's greatest con- %o Federal reserve policy was in the field of open market operations of the Federal Rue' rve System. It mid:: to his far-s oec'.lrred in the United States mlmblflhwfiuo(m(lct that the United States sccumulated m"m‘wm{h of the tu‘:; then is still considered a re- le achievement in international flmnu. Wha! business and banking unfld' now is another leader to measure up to his stature. China’s Money Standard. T. V. Soong, minister of finance in the new Nanking national government d be eh-eu.lud in the lver token, rodeemable in ‘exchange emwr at New York or Lon- don through a gold standacd trust fund, is to be administered by the minister of financc. D. H. Leavens of Har- ittle progress has been made to date, but the plan is recelving wider and ‘wider among governmental of- n order wd stability eome Kresi 22% Kreug & Toll (1.60). Krog Gr & Bak (nl1). 70% Lambert Co (8) 20 Lane Bryant (2 8% Lee Rubber & T' 13% Lehigh Port Cmt 6% Lehigh Valley Coal.. Lehigh Val (t4%). 57% Lehman Corp (3).. Lehn & Fink (3) O Ford 18 21 79 Liggett & Myer (15). 79% Lig & Myers B (15) 18% Lima Locomotive. .. Liquid Carbonle u). 10' 2? 138% 102 4% 78 61 Long Beil Lumb (A). 47% Loose-Wiles (12.90). Lorillard (P) Co.... Loutsiana O1l. THE EVENING (Continued From Page 13.) 96 elopnumBonRoanaanhanst B - 2 o LouG & E (A) Y Louts & Nash (1) Ludlum St zm Mac And & F (12.85). MeCrory pf (6). Mc! spt T P(1634) 10% McKesson & Rob (1) 26% McKes & R pf (3%). 381 Mack Trucks (6). 974 Macy & Co (n13). ... Magma Copper (3).. Maliison & Co % 1% Manati Sugar. .. Man Elev mod & (d8) 4615 Manhat Elev gtd (1) 8% Manhat Shirt (1)... 221 Marine Mid (1.20)... 21% Marlin-Rock (16%). 54 Marmon Motor Car.. 811 Marshall Fleld (3%) 20 3 24 2314 Met-Gold Mexican 7% Miami Copper. . 41% Michigan Stl (h2%). 15% Mid-Cont Pet (2). 15% Midland Steel (3) Midiand Steel pf (8). Min Hon'w Reg (14). 6% Minn Moline Pow... MinnMoline pf (6%). 18% Mo Kan & Tex (3)... Mo Kan & Tex pf (7) 33% Missouri Pacific..... Missour! Pac pf (6). 11% Mohawk Carpet 9% T4 41 55 70 97 23 14% Motor Wheel (3) 64 Mullins Mfg. . 38% Mullins Mfg pf (7).. 1901 Munsingwear (14).. 1 33 9 3¢ 24 88 Murray_ (B) (2% stk) 29 Myer (FE) & Br(2). 1 Nash Motors (4).. Nash Chat & St L (5. 6% NatAcme (1%) 38 ) 40s 9 4% Nat Bella Hess...... 2 68% 188% Nat Lead pf (AN (7). Nat Lead pf (B) (6). 30 NatPow & Ltl). 116 Nat Biscuit (13.30). uzu. Nat Biscult pf (7) ol 1 13 116 10s £t 3 20s 508 8 Cash Reg A (14) Nat Radiator. evada Copper (1).. Newton Steel. N ¥ Do l“% N Y & Harlem (5) 13% N ¥ Invest (1.20, 195% Norfolk&West (uz) 6% North Am Aviation. 59% Nor Am (b10%stk).. North Amer pf (3). 33% No Ger Lloyd (3.43) 50% Northern Pacific (5). 42 Northwest Tel (3) 16% Ohio O11 Co (2). 4% Oliver Farm Equip. . 26 OUVFEQPLA (6)... 5% Oliver Farm Eq ev pt 2% Omnibus Corp...... 48% OtisElevn (2%). 51 38% 18 Otis Steel (2%) 36% Owens 111 Glass (3).. T4% 10T% 30 118 28% 64% 67% 12% % 4% 41 44% Pacific Gas & EI (2). 56% Pacific Lighting (3). 17% Pactfic Mill 12334 Pacific Tel & Tel (7). 7% Packard Motor (60c) 42% Pan-Am roleum. . Pan-Am Petrol (B), 2% PanhandleP&R.... 40% Param’nt Publix (4). 1% Park Utah....... 314 Parmeles Tran (60¢) 2% Pathe Exchange. ... Pathe Exchange (A) 3% 254 Penn Dixle Cem nf.. 55% Penna RR (4) Peop Drug Strs (I) . People’s Gas Ch (8). Pere Marquette (18) % 24 198 97 Stoel Bales— Dividend *Hate, un#m Low. Reynolds Tob B (i Rhine W EI P (2.16). Richfield Oll (new).. Rio Grande Oil...... Rossia Insur (2.20).. Royal Dutch 23.21665. Safeway Stores (8). St Joseph Lead (13 St L Southwestern St L Southwn pt (5). Servel Inc. Sharon Steel Hoop. Sharp & Dohme. Sharp & Do pf (3% ). Shattuck(FG) (t11%) Shell Union Ofl.... Shell Un Ol pf (5% Shubert Theaters Stmmons Co. Simms Petrol Stnclair Con Ol (2). Skelly Ol (2). Sloss-Sheft pt (7). Snider Packing pf. .. Solvay Am pr ww 5% S8u P Ric Sug (1.40) Southern Cal Ed (2). Sou Dairies (B)..... Southern Pacific (6). Southern Rwy (8)... Spalding 1st pf (7).. b Sparks Withing (1). Spear & Co....... Spear & Co pt (7) Spencer Kellog(80¢) Spicer M1, Spicer Mfg pf (3). Stand Brands (1%).. Stand Comm Tob Stand G & E (3% Stand G & El pf (6). Stand G & El pf (7). . Stand Invest Corp. . Stand O11,Cali(h2%) Stand Oi1 Exp pf (5). 4 Stand Ofl of Kan (2) Stand Oil of N J (12) Stand Ol N Y (1.60). Starrett (L 8)(12%) Sterling Sec (A).... Sterl Sec pf (1.20). Sterl Sec cv pf (3)... Stewart-Warner (2). 1 Stone & Webster (4). 35 Studebaker Corp (3). 19 Studebaker Co pf (7) 100l Submarine Boat. Sun Of1 (11). Sun O1l pf (6) Superheater ( Superior Of1 Sweets of Amer (1). Symington (A).. Telautograph (11.40) ‘Tenn Cop &Ch (1). Texas Corp (3).. .. Tex Gulf Sulph (4) Texas & Pacific (5) Texas P C & Ofl ‘Thompson (J R) (l). Thom Tide Water As pf (6) Timken Det Ax (30¢c) Timken Roller (3)... Tob Prod (A) (80¢).. Transamerica (1)... Transue &W (1).. Tri-Cont Corp. .. Tri-Cont Corp pf Ulen & Co Und-Eli-F) Union Carblde (2.60) Unilon O, Calif (32) Union Pacifie (10) 4 Union Pacific pf (4). Un Tank Car (1.60).. Utd Afreraft........ Utd Afrcraft pf (3).. Utd Biscult (1 60)... Utd Carbon (2) Utd Cigar Stores pf.. Utd Corp (50e) Utd Corp pt (3) Utd Fruit (4) Utd Gas & Im (1.20). Utd Gas & Im pf (5). Utd Piece Dye W (2) Utd Pléce D pf (63%).100s Utd Stores (A). . Utd Stores pf (23). U 8 & For Secur. Univ Pl 1st pf (8). Univ Pipe & Rad. 2 Utill Pow & Lt A (e2) 21 Vadasco sales Corp.. & Vanadium Corp (3). 117 Va-Car Chem...... Va Iron Coal & C pf.. Vulean Det (4).. Vulean Det pt (7 Wabash....,.. Wabash pt (AI fl) Waldorf Systm (1%) - . Walworth Co (2).... Ward Baking (A). Ward Baking (B) . Ward Baking pf (7). Warner Bros Plet. .. Warner Bros pf 3.85. Warner Quinlan. Warren Bros (3) STAR, WASHINGTON, D. C., 42% 34% 6 T 21% 0% 45% 27 66% BONDS HOLD FIRM IN SMALL TRADING List Recovers Somewhat as Forced Seling Pressure Is Lifted. BY F. H. RICHARTSON. % | Special Dispatch to The Star. NEW YORK, November 1:'—Bonds were firm all around today in a small volume of trading. There was a some- what more cheerful undertone, as the heavy load of forced selling was lifted and well secured issues were permitted to adjust themselves to the curtalled investment demand. However, there was still a pronounced tendency to confine cimmitments to the gilt-edge group and short term securi- ties. Money rates were unchanged. ‘The opening was irregular and quiet, with the only advances shown by the high-grade group. Southern Pacific 4138, Chesapeake & Ohio 4!5s, Chicago, Burlington & Quincy general 4s, Nickel Plate 4148, Standard Ofl of New Jer- sey 5s, Philadelphia Co.’s 5s and the entire group of United States Govern- ment obligations made gains. Treasury 33s of 1947 touched a new peak for the year. As the session wore on, this movement became more pronounced and good progress was made by the seasoned investment favorites in their return to the highest levels of the year. Convertibles fluctuated in an inde- terminate fashion, Alleghany 5s, Com- mercial Investment Trust 5l;s, Texas Corporation 5s, International Cement 5s and Warner Bros. 6s making small gains, while others had fractional de- clines. Most of the junior ralls made small upturns from the low levels at which Wednesday's heavy liquidation left them. But trading was dull and it was evident that demand was very small. St. Paul Adjustments, St. Paul 5s, Den- ver & Rio Grande Western 5s, Erie general lien 4s, Erie 5s, International Great Northern Adjustments, Frisco 4155, Seaboard Air Line 6s and Western eryhnd 4s improved. Industrials such fle Copper 7s, International P-per -'u. Nnuoml Dairy Products 5%s, Good year 5s, Phillips Petroleum 5%s md Hudson & Manhattan Income 5s had similar upward moves. The lack of interest in secondary and tertiary descriptions is well illustrated + | by the current quotation for Consolida- tion Coal of Maryland refunding 5s. ‘While the company’s earningd have shown a large decrease from the 1929 figure, which was just sufficient to cover fixed charges, the assets securing the bonds are ample. It is considered prob- able that the company will find means to take care of its bonds, which, with the retirement of $3.796,000 of prior lien 4'5s, will be a first mortgage on the company's properties. The retire- ment of the 4!>s is provided for and there are $20,698,000 of the refunding bonds outstanding against tangible assets of 2.2 times that amount. NEW SECURITIES NEW YORK, November 13 (#).—New securities offered today include Commonwealth of Kenwck). $7,407,- 000 bridge revenue 41, per cent bonds, due July 1, 1950, and priced at 972 and accrued interest, by Harris, Forbes & Co., Chase Securities' Corporation and Stranahan, Harris & Co. Milwaukee County, Wis., $2,600,000 41 per cent court bonds, due on NMM 15, 1931 to 1950, inclust to yleld from 325 to 4.10 pzf cent, by a _syndicate headed by Harris, Forbes & Co. Town of N. J., $1,444,000 4%, per cent ‘maturing November . .25 per cent, by & - headed by B. cate J. Van Ingen & Co. Washington Stock Exchange SALES. Potomac Electric Cons. 55—$1,000 at —$100 at 102%. ashington Gas 6s “B"—$100 at 1041 c.plul Haction Co—2 at 51, 10 at 50, 10 at 50, 10 at 50. ptd.—10 at Potomac _ Electric 515% 1081, 2 at 108, 5 at 108, ergenthaler Linotype—20 at 89, 7 at 89, 3 at 89. wy. & Electric pfd. Rwy. 1 at 99, 10 at 99, 10 at 99, 10 at 99, 3 " AFTER CALL. Potomac Electric 6% pfd—1 ll 110%, 1at 110%, 1 at 111. Potomac Electric 6s 1953 —$500 at 108, $100 at 105. Lanston Monotype—5 at 103. Cancellation—The sale of yesterday, Potomac Elec., 6s, 1953, $1.000 at 107, was ordered cancelled. Bid and Asked Prices. c-pn-l Traction. City & Suburban 5s Georsstown Gas 1st et THURSDAY, NOVEMBER 13, 1930. [ox e vomx BONDS o ranaver] ({L0-TIMERS TAKE UNITID I'I‘A'I'll- Seles. msn lat Close. 44 10112 10111 10112 L t 4 12 10225 10222 10225 | 124 10321 10319 10319 21027 1027 1027 3 10224 10220 10224 85 1137 1186 1137 FOREIGN. Close. 94l 0y Argentine Argentine 6 B '58. Australia ¢%s Australia 6 °65. .. Australia 6 Austria 78 '43. Bk of Chile 6% Belgium 78 6! Belgium s Belgium 8 Bolivar 7s '58. Bolivia Ts ctfs's9. . Bolivia 8s 45 Bordeaux 6s '34. Brazil 618 '2 Brazil 61837, Brazil 7s.... Chin Gvt Ry bs ‘51 Christiana 6s '54. . Colombia 6s Jan '§ Con Pow Japan 7s. Copenhag ¢%s '53. Copenhag s ‘52. Dutch East I Finland 5%s Krench 7s "49. French Gvt 7348 41 German 5%s German Bank 6s "33 German 63s°60. .. German 7srep *49. Ger Gen El 78 '45. . Greek 6: Haitl 6s 52 Hol-Am ss Jugosl Bank 78 '57. Karstadt 4s asstd 1910. Milan 6%s'53. Netherlands Orfent dev 5348 '58 Paris-Ly M 6858, Rhine West 6s '53. Rio de Jan 6%s ‘63 J 46 Rome 8348 '52. Roy D 4545 ww... Serbs-Cr-Sl 85 '62. Shinyetsu 6% '52. Swiss 51 fiSwiss Confed 8 Toho El Pow Toho El Pow 78 n Tokio %861, Utd King 6% 8 '37. Uruguay 6s ‘60 M GELLANEOUC. AbitiI P& P 5 Ajax Rubber Allegheny 6s “44. . Alleghany 55 °49... Am Chain 6s ‘33 Am Cot O db 5s s Am S&R 1st b3 Am T&T cv 43%9'39 Am T&T 6s'65. . Arm & Co 4348 Arm Del 5348 '43 At Gulf 598 ¥inANCUIAL. Sales Nor St Pow 68 B '41 'd 5% A ‘41 Richfi'd O eal 6; Sincl O 638 838, Sincl O Tacv A 317, Sinel Cr O 634 38, Sinelair P L b8 42, Solvay Am s "42. . Sou Bell T&T bs Util Pow 5%s 47, Vert Sug 1st 7s *42. Walworth s A * West Un T 63 Wh Sew Mch JETEIETYS oY 19 102% RAILROAD. Atchison gen 43 95 Atch’on v nu 41 TERREwEE > errRRRRR o 99000000 & Can Pac 4% Can Pacific 434860 Can Pac 58 ctfs Can Pacific 58 ‘54 Car Clin & O 6852 Cent of Ga 68 C'59. Cent of Ga 5% s '59 Cent Pacific 48439 1 Ch Gr West 48 '59. Ch M&StPds89. Ch M&StP ¢%s E Ch M&StP 4% s 16 97% 97T% 119 20 95% 9% 9B &P Ch M & St P adj b 11' Ch&NW gn3%s'37 5 Ch& NW gn 48 '37. g e it PHREE 298809999 . 6000 zzg"’wzu gonEzann T a (1] a3 2 nd 538 ‘62 &StLdb4%s g Colo Sou 4% '80. Con Ry 4% Cuba RR 63 ctt Cuba Nor %8 Del & Hud rt 4 D& R Grgn 4 Den&R G W 6 Erie 1st con 4; Fla E Coast bs Fond J&G 4% Gr Tr s £ db 65 '36. Gr Trunk s Gr Nor 4% 7' Gr Nor 55 ‘13 Gr Nor gn § Gr Nor gen 78 '36 HavERL&PS6s. . RaSurnond Low e LTI e San aonSeSeE 5 HELM ON EXCHANGE Era of Youth in Big Business Followed by Calmer Atmosphere. PSR iy BY LEMUEL F. PARTON. Speclal Dispatch to The Star. s NEW YORK, November 13.—A year ™ ago today, with the crowd on the Stock Exchange milling around like & herd ot wild mavericks, a representative of 'J. H. Holmes & Co. quietly shoved in an order for 1,000,000 shares of Standard Oll of New Jersey at 50. It was wiils- pered around the exchange that the Rockefellers had put in this order. The stock had reached 50, with only 1,200 shares sold at this price. ‘There were no takers of the 1,000,- 000-share bid. The stock closed &t 5()", , Off 3%. The danger was over. t that particular instant the great re mnon became an orderly retreat In- stead of arout and a riot. Excited vis- itors In the gallery may not have known it, but they were in on some big historical doings. Little Excitement Now. Today there were few visitors in the gallery. As Standard Oil of New Jer- sey jogged along just above 50 after falling to 49 earlier in the week, deal- TS “l"nld and asked their matey er they had heard the one abov{ the strong man and the margin clerl ‘There was & o in the lounge swa ping yarns. T today nor at time in the hn few weeks of the sag has there been ¢.n S O S for bankers, no large-boie financiers putd ting in frantic telephone calls to Wash- ington. Nature takes its course. According to comparative totals ol market values of all stocks on the ex- change, the period of a little more than a year since the big slumz has win- nowed about $34,642,766,237 out of this particular accumulation of the national wealth, with the Curb Exchange ac- counting for a few billions more. What- ever melodrama was due or incidental in this process was enacted all at once, to be replaced on the boards y with a brand of realism which discloses the once outmoded law of supply and de- mand again on the job. On the street, in brokers’ offices, in all the gathering places in and around the Nation's Bourse, there ic none of the climatic intensity which marked the moment of the Rockefeller bid. Board rooms, jammed a year ago with excited bankers, bakers, boarding house keepers, stenographers, housewives, millionaires and clerks, are as calm as Lake Placid on a moonlight night. A year ago today it was zero hour on the exchange. Now 1t is just one more day in the trenches. Youth in Big Business. During the last few years the average age of members of the Stock Exchange has been lowered by about 10 years. The era of runzaway finance was the era of youth in big business. Not only on the exchange, but in brokers' firms, bcnks and industry, youngsters scarcely behind the ears were sitting in on 'é(u deals. Stock Exchange seats were ing for around $600,000 ir the boom days, and with the increase in the ex- change membership the youngsters piled in. ‘Today seats are around $225,000. The fl!d‘um are swill there but they are piping do ‘When 1t irbon was pressing hard they let »id Benvenuto Cellini out of jail in the Castle Angelo to take a pot shot at him with an old: fashioned cannon. Hence it is the ok timers who are running things now—off- stage, more or less, and not saying much, but ready to summon another Rockefel~ lertn.hey htr':!a ¢ A Street doesn't seem loom abous S e here bave. pa really disastrovs failures since the day of the big skid. Veterans of the market seem gil:d Lhu:nntg the fuss and hulla- palloo is over Talking as profes- sionals, they say it was the -mp teurs who were rocking the boat and they are AT h T e 3 ere is no pessimism. e (Copyright. 1936.) SILVER QUOTATIONS. NEW YORK, November 13 ("l—!lr ver, 36‘6 FOB.EIGN EXCHARGE. (Quotations furnished by W. B. Hibbs & Co.) N ;:::»:;:,:..r Oslo, ‘crown... .. 5 Stockholm, crown. 263 TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.) SatesMaturity Pese 18 3as Bept. 15, 1931 tas Mar. 15, 1932 s*,n 8ok 13 185 3%2s Dec.’ 15, 1932 Hav El Ry 6%s ‘61 100 Hock Val 4348°99. . At Ref deb 10 Petrol Corp (1%)... i D (1% War Bros v pf (3) "mm"‘°"‘ Bell Tel Pa bs 20% Phelps Dodge (3)... % Yt 50% PhilaCo 6% of (3).. 2 ch U s 9% Phila Read C&1.... 8% Philip Morris&Co(1) 16% Phillips Petrol (n2). na 4s Cert-td deb 6% Penncv 438 '60. .. Chile Cop db b8 have achieved this record ew years. Inventories car- stores are not large, That ry Il last totaled mob quite $70,000,000—a decrease $2,- emckncy and mere profits. On unn‘e each store in the chain its stock over about once every mm mn or 15 nmes a year. at assets stood numm Pitn lxi:‘bllmnk ‘:: s little 000, worl tal Srapurited 10 $88.000,000 and. 1o stem of good will was carried at $1. (Copyright, 1930. by North American News- Daper Alliance.) . s EARNINGS REPORTED. 2% Plerce-Arrow A (2). % Plerce O1l. 9% Pierce Oil Pilerce Petrol 3714 Pirelll Italy (a3.14). Pitts Terminal Coal. 9% Pittsburgh Unit Corg 18% Prairie Ofl & Gas (2) 24% Prairie Pipe L (15).. 0) 100 17 135% 121 9% 54 1 40 17% Radio-K PubSv N J (340) . 91% Pub Sv N J pt (5) 106% Pub Sv N J pf (6) Pub 8v N J pf(7). Pullman Corp (4) Punta AlegreSugar 10% Pure Ofl.. 93% Pure Ol pt (; 46% Purity Bakeries 12% Radio Corp . 48% Radio pf A (3%). Radio Corp (B) (5) th-Orph A. u'l 17% Raybestos Man260. 2 87% Reading Rwy (4).... 3 Reading 2d pf (2) 30% Real Sk (5). 14% Rem Rand (1.60) Rem-Rand 1st pf (7) 814 Reo Motor Car (80¢). 47 15% Republic Steel. . 13 2 70 Reynolds Tob A (3). 23 Reynolds Metals (2). Reynolds Spring. . 408 Dividend sUnit of t B Plus 5% 1% in ‘stoc] T Plus 14% TaN t B & M pt (5).. Weston El Instr (1), Westvaco Chlor (2). Wextark Radio Strs. White Notors (2). .. Wh Rock M 8 (t434). White Sew Mach pf.. Willys-Over pt (7) Wilson & Co. Wilson & Co ( Wilson & Co pt. Worthington Pump. . Wrigley (Wm) (4).. & Towne (2)... Yellow Truck. .. 415.900 2 366,600 rates payments based on m- Tatest tra stoc] ltoek 1 Plus in stock. 2724700 he early Ea‘e'fl’" fons. s 8 W Plus 8% stock g b1t i n B CHICAGO LIVE STOCK MARKET |others slow, steady: medium to good yearlings, | 6.50a8, s SHICAGO, Nmemberr 13 (#) (United s, 41000 ma,' ture) — lower. . ), on 300 T 358800, tght u;gf' ll" choice, 140-160 pounds, 8. weight, 160-200 t, 200-250 pounds, | pounds, weight, xu-uo pounnn EXm. sows, 275 pounds, 7. )fil.“, Il‘h and 100-130 5. ‘m. .ll.hm calves, S hea eon 1055 Bigher grades predominating; top, 13.35; light weights on order, l;‘fl). vrr‘; slow wu;nh':d.l . downward; ll‘hm choloe (I dium, 3.5085.75. good cull eling anu day-week sched: d choice.dl .00a11.00; medlum and common, 5.0088.50. Stocker nnfl feeder cattle: St and choice, 500-1,050 pounds, 'IM“%%‘; common and medium, 5.50a7.25. MINE SCHEDULE EXTENDED. le.‘l?.nx Nov.o:el:e. 13 (P).— vones wughlin Corporation has placed !.hm of n.l mines :!1 & six- days a week, uhereMure PUBLIC UTILITY. Amer. & Tel. (9) Tel. ital ’l'uulohn g “s0ia 125 Gapltal, Gommercial Gstai Pedersi- Ameri SUN 3 eral-Amer can n con ) Washington (13 TRUST COMPANY. Amer. Security & Trust Co. (1) l! (6) 120 Prince ‘Georges Bank & Trust Ynion Trust (sg) Wash. Loai sa Bank of Bethesda (6§) Inerce & Savings (i0) Washington (12) Washington Mechaiics = FIRE INSURANCE. American (12). Coreors Firem: Natfonal Union” -n-n.: INSURANCE. Golumbia ). Estate (6h) e & 1hv. Co. Mid." com. MISCELLANEOUS. rber & Rosg, Inc.. com...... y lvxfldlul Bldg. Corp. .. iymbla Sand &'Gr, pfd.'{ rghs prd st Natl e Br 8-28388852852330 82. = g = 3 Colon Ol 6s '38 Col G&E 63 May 'u Com Invest 53 Com Invest ConG N Y 6%s"45. De Edison 55 °40. .. Det Ed rf 63 B '40. . Dod, Qtn Cableb% Gen Motors 6s '37. Gen PSv 53839, Gen St Cas 6%s '49 Gen Thea Eq 65 *40 Good 18t 6% s 41, . Goody'r Rub 68 ‘67 Hoe & Co 6348 '34. . Humble O11 68 '31. . Hum O&R 518 '62. M BT istptbs inland Steel 4% In: Cement 6 Int Hydro E| Int Match bs Int Pap 63 A * Int Pap 6s ‘55 IntT&T4 Int T&T cv 4% IntT&T68"55.... Kan C P&L 5s A ‘52 Kln Gas&E 4% 'S80 3 11 CCStL&N S5 A. Int Rap Tr 63 '66. . Int Rap Tr sta Int Rap Tr 6832, Int Rap Tr7s '33.. Int & Gr Nor 6s '52 Int & G N ad 6s'52 Kan CFtS&M 48’36 Kan City Sou 3s'50 Kan City Sou 68 ‘50 Kan City Ter 45’60 Lake Shore 4331, . Leh Val v 48 2003. Leh Vev 4%s 2003 Leh Val 58 2000. .. z-—.var.m;—e et - 22 ZoBeBan Sel 2047 48°97.. 8 W 3 1682047, 17 111% 111% Lsagtd. 1106 106 Penn gen 4% Penn 4%s ‘70 Penn 4% s ‘63 s Por R L.P T%s Read gen 4% A'97 StL&SFin StL&SF4k% S&L&SF gen bs 31 St L&SF pr In 55 B StLS W evds'sz StL.S W 1st 4s'8y. StP&KCSL 4%s St P Un Dep 68 '72 Seab A L rf 45 '49 Seab A L 455t '50. Seab A L cv 6s ‘45 Seab All Fl 65 A'35 Seab All Fl 63 B'3b Sou Pac col 43 49, . Sou Pao ref 5. Sou pno.- uu"l‘L Third Avad) ‘Third Av 18 T Tol St L & W 4s '50 Un Pac 15t 48 47. Va Ry 1stbs’62... Va Ry & Pow bs '34 "lfill‘lflll Cen gn 45 °36..