Evening Star Newspaper, July 5, 1931, Page 46

£2 FINANCIAL. CORN CROP AIDED BY HOT WEATHER ; Nine-Day Drought in West * Results in Rapid Growth of Cereal. BY OWEN L. SCOTT. -+ @pecial Dispatch to The Star. CHICAGO, July 4—The near record | heat wave, now breaking up over the Middle West, tock an unusual toll of human and animal life during its nine- day stay, but it gave the corn belt's main crop a decided impetus. In Chicago and its environs alone health authorities attributed 216 deaths to the broiling atmosphere. Through ‘the whole area that sizzled for more , than a week the cost in lives was well * over 700. At the same time thousands of horses and cattle died, many of the | * horses dropping in flelds as they work- ” ed cultivating the fast-growing corn. State crop reporters through the af- | fected areas uniformly advise that the | .-immense acreage of corn pushed rapid- ly ahead during the heat. The situa- tion is depicted in repcrts of private | crop experts today. who estimate a corn yield this season of nearly 3,000,000,000 bushels, compared with the 2,085,000,- 000 harvested after last year's drought. However, moisture is badly needed just now and & repetition of droughty con- | ditions is not lost sight of as a distinct possibility. ADVANCE IN STOCK MARKET IS LAID TO HOOVER DEBT PLAN (Continued From First Page.) holders than has already taken place. The main wt is that the general average of sentiment and of business opportunity is rising instead of falling and the effects of one of the longest periods of economy that this country has ever known are be- ginning to exhibit themselves in the replacement of exhausted supplies of commodities and of merchandise. It is also indicative of the more amiable attitude of corporation managers that they are willing to take a chance on a recovery in business and maintain their dividends rather than to follow the old line of least resistance and cut out all possible items of expense. The status of ‘the stockholder has gained somewhat from this recently. In declaring the regular dividend to the 48,000-odd holders of its common stock, the Westinghouse Electric & Manufacturing CO took the position that there were “countless small in- vestors who have purchased stocks of the Westinghouse company and are, in many cases, . depending on dividends for melr livelihood.” Corporations have endeavored in this crisis not only to maintain wages, but to pay as large dividends as they could oonlerv-nvely and in both cases do their part in’sup- porting general business. Wall Street is disposed to*be impa- tient over the delay in granting the railroads an increase in freight rates. It had worked itself to & pitch where it was willing to believe that the In- terstate Commerce Commission would cast off all of its traditions and declare an advance out of hand. Consequently, it has had to suffer unnecessary em- barrassment this week from the an- nouncement that the commission in- tends to go about the investigation into higher freight rates with its usual Heat Hurts Crop. The Spring wheat crop has been | badly hurt by the heat and the private estimators set the yield at well under | 200,000,000 bushels, compared with 247,- -000,000 bushels harvested last year. | ‘This reduction is offset by the prospect of a Winter wheat crop just under| 100,000,000 bushels which is visioned by | the experts. This yield would be 95,». 000,000 more than a year ago. Like Spring wheat, oats have been | adversely affected, and the authorities - look for a yield of about 1,350,000,000 bushels, or 50,000,000 under last year. A mear collapse occurred in prices of corn and oats futures on the Chicago ‘Board of Trade when it became evident that the heat wave was breaking, ac- companied in some areas by rain. Corn is approaching the Fourth of July well _above the traditional “kneec high” meas- | ; ‘uring stick over most of the belt. It is + well ahead of schedule and in unusual | ._condition. Rains also have revived hope for the | Canadian wheat crop, which had been facing disaster. Too much damage al- 7 Teady had occurred, however, to permit of more than a small yield in a large ~ section of the Western provinces. What worries producers everywhere is the Weather Bureau statement that experi- ence shows a hot June to be followed two out of three times by a hot July. Farm Board Policy. | ‘The ‘announcement by the Federal Farm Board that it would restrict sales of its huge wheat surplus to 5.000.000 bushels & month during the next yvear had a depressing effect on markets. ‘Traders had hoved for an agreement to * keep all of these Government holdings . out of the channels of trede to permit marketing of the new crop without old- crop competition. Prices of wheat have broken back to near the season's low point. What present prices mean to the | deliberateness, and will probably not be ready to hand down a decision until Autumn. As there is not much pro- spect of an increase in earnings this Summer, with some of the soft coal roads suffering serious losses from the strike, the outlook for railroad divi- dends in the second half of the year is_discouraging. It is not improbable, however, that in a change in general market senti- ment the holder of railroad stocks, as well as the owner of industrial issues, may gain considerably more in the next six months from n?prechtlcn in his securities than he will Jose in divi- dend income. After all, the American stockholding public has seemed in the past five years to be more influenced by the up-and-down fluctuations in its shares than in the direction of the dividend average. CANADIANS SCALING DOWN LIVING COST 'Economies Expected to Continue Until Prices of Foodstuffs Are Lower. Special Dispatch to The Star. TORONTO, July 4.—While a more optimistic tone has marked all Canadian business for the last fortnight, neces- sary adjustments have continued in crder to render deflation more uniform. These various economies are expected |to continue until the cost of living, which the Dominion Bureau of Sta- | tistics estimates as still 38 per cent | higher than in 1914, is reduced to pre- wer is shown by the fact that the | war levels. For as lon as the price of fi:v. Winter wheat, No. 1 hard, in Texas | silver, of the base mel!fla In; g! farm * Is selling at from 33 to 35 cents a bushel. ..This return is the smallest within the memory of the trade. It represents a | distinct loss for all but the lowest cost | producers. (Copyright, 1931.) | _HOLDS RAIL MERGERS ROADS’ GREATEST NEEDS | Epecial Dispatch 16 The Star. NEW YORK, July 4.—Consolidation of the country’s railroads into a lim- JAted number of strong systems will prove of greater lasting benefit than the proposed freight rate increase, in the opinion of Walter E. Lagerquist, vice president of the Brookmire Eco- nomic Service, Inc Unification of the carriers has been subjected to so much delay and dis- cussion that many investors have lost sight of the important advantages to the railroads tnat will result when the task is comploted. Many millions, the exact amount being difficult to estimate, will be saved through consolidation, he adds. citing | the chartered banks, produce remains below the cost of pro- | duction, a general scaling down of costs becomes imperative. One result of the low price of wheat has been the closing of 66 branches of chiefly in the West, since the beginning of January. As 19 new branches have been opened, the present totel of units within the Dominicn has decreased by 47 in the last six months. Few of the Western ‘bmnches in the smaller towns pay for | the cost of operating them. But these have been maintained in the past in order to assist in the development of the country by lending out funds that represent the savings of the East. Now, however, since the low price of grain and the gloomy outlook for this season’s wheat crop do not justify a continuance of credit in the unprofit- able areas, the banks are obliged to withdraw some of their Prairie branches. Yet. on the whole, the banks are encouraged by the actual increase in the volume of current loans this year as compared with contraction in the corresponding periods of 1930. (Coprrient. 1831.) the statement of Ralph Budd, as illus- tration, that if the proposed merger of | the Great Northern and Northern | } Pacific has been approved it would have | i waved $10,000000 a year. Blrminzham Emzlnnd = applied scientific methods to its garbage dis- posal, even banana skins being salvaged because they contain potash. WEEKLY FINANCIAL HIGH LIGHTS the Associated Press. ’mkers' loans . ‘l 479,000 Securities Gold reserve . Rediscounts - Bank clearings Eloctric output (Kw. H.) week ending June 27 (Final three ciphers omitted in above.) Car loadings, week ending June 20.. Crude oll production (barrels)...... Stock sales (N. Y. Stock Exchange).. 1 ‘Bond sales (N_ Y. Stock Exchange).. $5 New financing Call money rat: Time money rate ' Commercial paper HOW IS B « $26,700, 000 is week Last week $1,406,000 84.4% 84.1% $663,399 $618,503 3,412,041 3.382,589 150,200 197,678 9,563,138 7,118,617 1,592,501 1,579,185 732,453 2,482,350 21,200,000 $68,860,000 $172,249.000 Year #3:219.000 80.7% $595,053 2,993,409 260,413 12,780,657 1,657,320 920,645 2,610,950 7,323,870 $37.467,000 $69,739,000 739,116 2,441,950 1,000,000 8,915,000 USINESS? Showing Current Business Activity compared with Same Week Last Year, GENERAL BUSINESS ACTIVITY for the country indicated by Bank mun outside New York City. Shaded areas show weeks of activity above the corresy previous year. Black areas indicate declines from same weeks 1 ACTIVITY BY FEDERAL RESERVE DISTRICTS. Check Transactions compared with the ssme -nl & year ago. Boston cmehni fichmondl Atlanta J —13.8% l _‘“ : oy York 'pnu-_n:g (m’ T ! uu inne n 21 ALY —14.5% © o = LI:ADINO BABOMIT!IS. ' Showing Trend of Business in dollars (checks cashed).... Employment (Department of Labor).. ‘Wages (Department of Labor)...... Cost of living (Industrial Conference Board) Wholesale prices (Fisher's Index).... Agricultural prices (Department of Agricniture) }’ Movement of goods (car loadings) . Retail trade (Federal Reserve Board) ” Building contracts (F. W. Dodge) ,. Failures (Dun’s).. " Bond prices (Annalist) Stock prices (Annalist market volume important factors, Present trend. trm Sear sge. . Downward + Downward Downward Downward Upward Downward Downward Downward Downward Downward gflvfld pward Upward Same THE SUNDAY BSTAR, FOR WEEK ENDING JULY 4, 1 Last Week. ‘Average price of 50 stocks. 142.71 139.09 Deriod a year ago.. o Date. High., lew. 173,07 112.28 45.60 17912 Last Wesk. Year to Date. Total sales....... Same period a year ago. e h. Higl 14% 52 38% . 98 Archer D-nm-nt('l)). . 1 Stock and dividend. IK Abitibl Pwr & Pa....... 15 Abitibl Pwr & PlD(r Df. . ll\‘ 26 Abraham & Straus. 18% Addressogr Co 1.40. 4% Advance Rumley (new) 70% Alr Reduction (t434). .. Alaska Juneau(40c).. Albany Perf W Faper 4% Allegheny Corp.... 20% Alleg Corp $30 ww 6% Alleg Cp w $40 war(5%) 34 Allied Chem & Dye (n6). lga ll!fi Allis Chalmbers (2) . Alpha Port Comont (l) .. Am Brown Rov El pf(7). 92 Am Can (15).. . Am Can pf (7) Am Car & Foundry (1).. Am Car & Fdry pt (1) Am Chain2)... 5% Am Comin Alcohol 54 Amer Encaustic Tilling. Am European Secur. Am Locomotive (1) Am Mch & Fdy 1.4 Am Machine & M % Am Metal Co Am Po & Lt nf A sta(b). ¢ Am Rad & Std San (80c). Am Rad&Std San pf(7). Am Republies .. . Am Rolling Mills. Am Safety Razor (5). Am Shipbuilding (6). Am Smelt Ref (2). Am Smtg&Ref 24 v!(() . Am Smelt & Ref pf (7). Am Snuff (13%).. Am Steel Foundries (1). Am Stores (123). Am Sugar Ref (5) Am Sugar Ref pf (T). Am Sumatra Tobaceo. .. Am Tel & Tel ¢5). Am Tobacco (16). Am Tobacco B (16). Am Tobacco pf (6).. 40% Am Water Wks (3)... 38 Am Wat Wks vtr cfs(3). 98% Am W W & E 18t pf (). 5% ‘Am Woolen. 18% Anaconda Copper (1%). 20 Anaconda W &C (1) 10% Anchor Cap (2.40) 9 Andes Copper. 8 Archer Daniels Midland. Armour of 111 Class B. .. 104 Armour of Tl pf. ... 5 Artloom Corporation. 13% Art Metal Const (1) 5% Associated Apparel..... ry Gd: 2 80 Asso Dry Gas lfl ot ('). 4 132% Atch Top & 8 Fe (10). 161 Atl Gulf & 30 Atl Gul&W: 18% Austin Nichols pi 1 AutoSales..... 2 Autosales Corp p 3 Aviation Corp of 9% Baldwin Locomotive 70 Baldwin Loco pf (7).. 431 Baltimore & Ohlo (5). 651 Baltimore & Ohio pf (4). X0 !il..... 314 B Co ( 38% n-umh-m Bteel (4) 96% Bethlehem Steel pf (7).. 16 Blaw-Enox Co (1%).... 16! Bloomingdale Bros...... 20% Bohn Alum:sr a%).. 0! 4 10% Brockway Mot an Tr (4) 86% Bkly-Man Tr pf (6. B1% Brkly&Queens Tr 99 Bklyn Union Gas (8 82% Brown Shoe (3) 8 Bruns-Balk-Col 3 Brunswick Ter: 11% Bucyrus Brie (1). 812 Bulova Wal 19% Burroughs Ad Ma (1 17 Bush Terminal (3%). 70 Bush Terminal deb'(7 954 Bush Term Bldg of (7 B 20% Calif Packing (2). % Callihan 21-1 rl. Lead. 24% Canadian Pacific (1 17% Cannon Mills ¢1.60 9% Capital Ad: A 85~ Car Clin & Oblo 15% Chi Pneumatic Tool 22% ChiRI1& Pac(m2¥). 17 Chicago Yellow Cab (3 10 Chickasah Ofl“l o1, 11“ Childs Co ( 18 Chile Copp 8 1 6.060 .990.¢ 6.787.280 al.lbl.m Low. fll'- ull' -—1% “Es s oo moee PrsFeF eass sesse $PsTs"raeonefR s s¥ " Rnen THLI+4+ 000+ + 00 +++0 00004101+ 41 - 1+ ++ @ PIILL++ T+ +4+ 14+ o FERE - 5 1+++1) 22”5 STedRgs 518 REeiielice v} 1+ M . ake A 225 Prse? FR75x 2¥ "Es T4++++ LA HL o * T+++41 - e » FEEEP BRIV L ER Rl Lk (] FTESE FF & ¥ SETTLLEEL OV LR RN +10l +++ L+++0 1011 ++ G i B S ] wesEa" e w2 by + b WASHINGTON, D. For “ " 104% Gen Ry Signal C., Stock and dividend. 12% Chrysier Corp (1) 30 City Ice&Fuel (3.60. 11\‘ City Ice & Fuel pt ('“). City Stores. . Colgate-Palm-P (31 ! . JULY 5, 1931—PART SIX. High. 52 46% Co|lll0-Pl}ln-P L (6). -102% Al Comm Solvents (1) Comwlth&Southn ( Comm & Southn pf (6. Congoleum-Nairn, Congress Cigars. Consol Cgr prpf (8%).. Consol Cigars ot (7).... Consolidated Film...... Consol Film Ind pf (2).. Consol Laundries (1) Consol R R, Cuba pf( % €onsol Textile... Container Corp (A) Contl Oil of Del. . Cont Shares. ..... Corn Products Ref (14). Corn Products pf (7)... Coty, Inc Cream of Wheat (1213)" Crex Carpet.. Crosley Radlo. Crown Cork&S pf(2.70), Crucible Steel of Am. Crucible Steel pf (7). Cuba Cane Products. Cuban Domin Sugar. Cudahy Packing (4). Curtis Publishing (4) 4 Curts Pubmnl PL(T). Curtiss Wright. . Curtiss Wright (A) Cushman's Sot ). Cushmans Son pr @ Cutler Hammer Davison Cnemical. Deere & Co (1.40).. Del & Hudson (9)... Del Lack & Westn (4)... Denver & Rio Gde W pt.. Detroit Edison (8) Devoe & Ray A(60c). Devoe & Ray 18t pf (7). Diamond Match........ Diamond Match pf(1% ). Dome Mines (1).. Domn Stores (1.20) Douglas Afrcraft (t1%). Drug Ing (4)... Dunhill Internatl. Dupont deNemours (4) . Durham Hoslery pf. Eastman Kodak (18). Electric Storage Bat(5). Endicott-Johnson (3)... Engineers Pub Serv (2). Eng Pub Serv pf(b%)... Equit Office Bldg (2%).. Krie Railroad. . Erie Railroad 18t bf (4). Eureka Vacuum Cleaner Evans Auto Loading..,. Exchange Buffet (1%).. Fairbanks Co. Fairbanks Co pf ef Federal Screw Wks. . Fed Water Sve A (2.40) F ). Firestone Tir & Rub (1)’ Firestone'T & R pf(6). . First Natl Stores (2%). Florsheim Shod A (1%). Florshelm pf (6). Follansbee Bros. Foster Wheeler (2) Foundation Company Fourth Nat Inv (m55¢) Fox Film (A) (2%) Freeport-Texas (3) Gabriel Co (A)... Gamewell Co (5. or 11% Gen Electrio Gen Foods Corp 1l) General Mills (3) Gen Mills of (8) 31\‘ Gen Motors (3 Motors pf (! eral Outdoor Outd Ad A (0). 15 Gen Printing Ink (23%). 59% Gen Printing Ink pt u). 84 Gen Public Servic 4615 Gen Ratlway Stgn i 2% Gen Reaity l Uit 34 Gen Realty&Util pf 29 Gen Refractories (4)... 3% Gen Theatre Equip. 21% Gillette Safety Razor. 62% Gillette Saf Ras pf (6). 30% Goodyear Tire& Rub (3) 70 Goodyr T & R 18t of(T). 4% Gotham Silk Hostery... 50 Gotham Hostery pf (7). 52 Gotham pf ex war (1) 8% Graham-Paige Mot. . 10 Granby Consol Min (l)~ . 13 Grand Silver Strs (h1).. K] gnnfl Stores pt (6%) Tl Great Western Su, 803 Great Wast Sus bf (1). v 2% om» Grunow. . % Guantanamo Sugar..... 13% Gulf Mobile & Northn.. 10% Guif States Steel. 26% Hackensack W Hi 15% 9 95% 12% 20 8 14% 106% lO‘hxlOB% 14 13% 14 e 5% T2 x73% 149% 149%x149% 0 8% 9'& 28 ++1L1+000144 #1401 24 +4+ 4+l ++4 B seseFe +lli+|ll+ll+l#++ (BN N trlvins +t||l 1+ FH+ LTI+ H el 1+ - FEFFTSERFT 55 § £ ¥ Vi t42L 8002 444 x45'5 9% 99y 19 x19% 64 6415 52'% B4 W % 25 25 100 100 12% 12% 29% 31 9 9 26 27% 19% x21 2% 29 3% 4 % 1t (REFR R IRREEESNE +1 DA S U T+ CLI+LLI+ v+ 4+ 1T+ +40 44000+ | el +1+++1 [RRE N} Fr e e 3 ® & we 3 (TSNS » FEEF FFFEEL ~ oo - - Pe sesrfrste esRe PP FsF x g 257 velred - C RS EEFEES w. _ Stock and dividena. Hawalian Pineapple (2). % Hayes Body........... Hercules Motor cuuu-) . Hereules Powder pf(7). Herahey Choa High. 3N% 4 10% o (12%). Hollander A & Son...... Homuhh Mining (17). Houa: Hy 88% Hou: nond Finan pf (4). Houston Ofl...,... Houston O1l (new). Howe Sound (2)... Hudson & Manhat (3%). Hudson Motor (1)...... Hupp Motors Illinofs Central (4) Indian Motor Cyele. Indian Refining. Indus Rayon (4). Ingersoll Rand (4) Inland Steel (2%). Inspiration Coprer..... Insuranshares (Del) A Insurance Shrs Md (40c). Interboro Rapid ol Intercontinental Interlake Iron. Int Agricul Chem. .. Int Business Mch (n6).. 6% Int Carrfers, Ltd (50c) % Intl Harvester of (7) Intl Hvdro Elec, A (e3). Intl Mateh pf (4) Inter Mer Marine (1) Int Paper pf..... Intl Paper & Pwr A. Intl Paper & Power Int Paper & Pwr pf. Intl Printing Ink Intl Salt (3). Island Creek Coal (4)... Jewel Tea (4) Sohns-Mansville (3). Johns-Mansville pf(7).. Jones & Laughlin pf(7). KanCrowa Lt B Kansas City Sou pf (4) Karstadt (Rudolph) . Kayser (J) & Co (1). Kelly Springfield. . Kelly Springfield $% pf. Kelsey-Hayes Wheel. .. Kelvinator Corp. . Kendall Co pt (6) Kennecott Copper (1). Kinney (G R) Co Kinney (GR)Co pf. Iiresge (S 8) Co(1.60).. Kresge (S 8) Co of (7). Krasxe Dapt Staren. Kreuger & Toll (1 Kroger Groc & Bak B Laclede Gas pf (5). Lambert Co (8). Lane Bryant (1)... Lee Rubber & Tir Leh Port Cement. . Lehigh Port Cm pf (7). Lehigh Valley Coal Co. Lehigh Val Coal pf (3) Leh Valley (214). Lehman Corp (3) Lehn & Fink (3). Libbey O Ford Glas Lizgett & Myers (1) Liggett & Myers B (15). Liggett & Myers nf (7). Lily TullpCup 1%..... Lima Locomoti Link Belt (2).. Liquid Carbonic ( Loew's In¢ (3). Louisiana Ol R pf(63%). LouisGas & EI A (1%). L'ville & N'ville (5).... Ludium Steel. ... Ludlum Steel pf. McAndrews&Forbes (!) . McCall Corporatn (21) McGraw Hill MelIntyrePoreMines( McKeesport T P (15%) McKesson & Rob (1).... McKesson&Rob pt(l%) . Macy (RH) & Co (n3)... Madison 8q Gar (80¢c) Magma Copper (1) Maliison & Co. Manat! Sugar Manat! Sugar of. Mandel Brother: Man Elevmg . Maraeaibo O1) Explory Marine M1d Cp (1 20) Market St Ry Marlin-Rockwell (2) Marmon Motor Car.. Marshall rmuculm Martin Parry.... Mathieson Alkill (2) Mathieson Alkall pf(7) May Dept Stores (2%). ml.yhm' g:mr',' ) 13 pfw .. Maytag Co 18t pf (6)...r Moelville Shoe (3) Mexican lctiurd...... Miami Copper. .. 5% Mid Continent Petm.... MinnStP & Mo Kan & Texa . Mo Kan & Texas Bt (1) Mohawk Carpet. . Monsanto Ch!w v&; %) Montgomery Ward..... Morris & Essex (3%) 4 Mother Lod Motor Meter Gauge & Ei Motor Wheel (1) . Mulline Mfg. .. Munsingwear, ine (1), Murray Corp. . Nash Motors (4) Nash Ch.t & Blb(l). Nat Bellas Hess pf. . Nat Biscuit (2.80). Nat Biseuit of (7). Nat Cash Register (A).. Nat Dept Store. . Nat Dep Stors st pfll). Nat Ena Nat Lea Natl Lead pf B (6).0cuce 20% Natl Power & Light fl)- North Amer nn’-nx). 67 53 North'American 106% 102 North Am Edison p! 85% ' 21% Nor Ger Lloyd (m2.56) 60% 30% Nortn onrum l 47% 43 North iwestern T\ b u Nnnll'flu.ln..- A% Ohlo Of1. 5% i Oliver Fa 2,10 onurr.n.n"ut.. L++++4+1 LR SRR AR AR S S R R NS RO +FIELI+HIL+L+000 #4101 + oA+ 44+ [RERE SN "’4“ H ¥ FORLAE 1 D+t +LLIL LIV 4 LI+ I+t AL L+++0 40000 8 #0001+ t+1+400+ 01000 2%2 228" srsxs’ L+ + - +4 ++1 i+ s& ssePersis - " Eefsx sz 2 crelussfere " e T esa®" 2 55 re FEE ox $E5 #exfr pses - sEsEs" L— 237 Stock and dividend. 3% Omnibus Corp. ... OBMnhleralHnl (... ircuit pf (8).. tor. m (23%) ... 116 Pacific Tel & Tel (7). 124 Pacific Tel & Tel pf (! 8% Packard Motor (40c). ... 1% Panhandle Prod & Ref. . 10 Panhandle Prd&Ref of. . 19% Paramount-Publix (2%) 1 Park Utah. .. 2% Parmelee Tnn-port. 1 Pathe Exchang: 3 Pathe Exchange A. 6 Patino Mines 2% Peerless Motors. 28% Penick & Ford (1). 28% Penney Co (J C) (2.40). 90 Penney (J C) pf (6) 2 Penn Dixie Cement 424 Penn Rallroad (3). 96 Peoples Drug St pf(6%) 183% People's Gas Chi (8 « & Eastern ‘quette Ry 80 Pere Mar prior pf (5) 6 Petrolm Corp of Am (1). 11 Phelps Dodge (1). 95% Phila Co pt new (6). 52% Philadelphia Co 6% (3). 16 Phila Rap Tran pf(3%3). 6% Phila & Reading C& 1. 9 Philip Morris&Co(1) 48% Phillips-Jones pf (7).. 4% Philly 8% P 6l Pierce Oil pf. 1 Plerce Petroleum. 25 Pillsbury Flour (2). 28% Pirelli Co (A) (m3.13) 54 Pitts Coal pf.. 9% Pitts Screw & B 2% Pitts Terminai Coal. ... 4 Pittsburgh United Corp. 6 Poor&Co(B).......... 10 Porto Rican-Am Tob(2). 2% Porto Rico Tobaceo K. ... Postal Teleg & Cable pf. 26 Pressed Steel Car pf 56 Proctor & Gamble (2.40) 1% Produet ll Ref) 128% Publie Serv N J pf 148 ~ Publie Serv N J of 103% Public Bve G & E pf (5 24% Purity Bakeries (3). 12 Radio Corporatiol 45 Radio Corppf A (3%)... 314 Radio Crp ofAm ptf B(§) ;I‘A Radio-Keith-Orph (A) 7 17% Raybestos Man (. 60% Reading Rwy (4). 41 Reading Rwy 2d pf (3) Real Silk Hoslery . 44% Sears Roebuck (2%) 2% Second Natl Inv. 53 & Dohm 3 16% Shattuck(FF)(11%) 4% Shell Union Oil. . 25% 8 Unten Oil p! 2% Shubert Theatres. 10% SimmonsCo.... 5 Simms Petroleum 84 Sinclair C 34 SI 20 1% Snider Packing C 6 Suider Paciing pf. 7% South Porto Rico S 674 Southern Pacific (6). Southern Rallway (m: 101 1% Stand Invest Corp...... 31% Stand Oil of Cal (hi*) 41% 126% 126%x126% 49% Stand Gas & Elec pf (1). 108 . 8' 997 Stand O1] Export of (5). !IH% 8% Standard Ofl of Kansa: 30% Stand Oil of NJu12). 13 Stand OIN Y (1.60). .. Starrett (L 8) Co(t2%). A) Sterling Secur pf (1.30). Sun O1l pf .. Superheater (2%). % Superior Oil. . Symington Class A 16% Telautograph (1.40) 18 ue Inv(mbse). . 15% Thompson (J R) (1) 9% Thompson Prod (1.20). 3% Thompson Starrett Co. 4 Tide Water Asso Oil 38 Tide Water As O pt (6). 5% Timken Detroit Axle 32 Timken Roller Bg (3).. 1% Tobaeco Produets. . ... 104 Tobacco Prod(A)(195c). 6% Transamerica Cp (40c). 12 Truscon Steel (60¢)..... 6% Twin City Rapid Trans.. 9% Ulen &Co (1.60)....... 40 Underwood-EIll-Fish (5). 25% Utd Gas & Improv (1.3 98% United 23 49% 49% 37 x40% 9% 117%x117% 137 157% 96% x97w 101 x101% 24 3 37w 38% 12% 394 17% & I4+4+4++4+ 414441 4+ PEVE4+44 TR TRV ISR 1+1 1+ 140 Tl l0+1 11 ++ 144 ++ R ISRER SRS P RS IRRE TSR NE AN FIEL 1 #4401 040+14+1010 PrsFefer rex¥il L2 IR AN RN AR IR J R SRR L 10+ 0+ - T+ #1401 [EARNRREXE S !Il+l||+| FsseriTY safePes® ey seesier # » FF TR Ty FrEr X & I FrrEssr TR eSS LIS $2F £ 25ee"s o ¥ Fefors sasgas sEe8e seedeFresiesees - P A T o 5 TEER seser #8""es Tirsrss - - Clll.’-(l)u lfll‘ lm lm 3. 77 . .