Evening Star Newspaper, September 21, 1931, Page 15

FINANCIAL Stock and jes— *_Prev, 1931 Dividend Rate. - Onen. g i . | High. Low. 4% Walker (H) (50¢). RIGHTS—EXPIRE. % Wenden Copper..... 18 & 6% 65 PeopGL&C.Jan lsx'l T4 Williams R C (700),, 8 Divtdend rate. in_ d s S et R 2 letter “s.” ¢ ~Prey, 1931~ Stoek and Sales—— ~Prev. 1931.— ro lota excopt thoss deaimated by letter Dividend Rate. Low. Olose. | High. Low. 8al High. Low, Add 00, Open. High. Low. Close. | 37 29 LackawannaSec (£). 20% 29% 30 8% 17 18 18 17 1% 1% Lakey Foundry. ... . . o gl 6 ! 61 Lefcourt Realty 1.60. 1k 5909 % 6 2 9 £ (3). /1le] . s 113 113 113 113 19% Lefcourt Real p 6l 2% Wil-low Cafeterias.. 4 nual payment Issues Are| "% o flh.’&"i.fx“."x‘.&' okl i o T A-al 16 Len Coal & Nav 1.20. 3% 114 Woodley Petroleum. 21 % Payable in cash or stock. b Payable in 3 96" Aluminum Coof Am 3828s 911 95% 1% Leonard Ofl........ 11 % 124 7% Woolworth (FW)Ltd 106 ™ dividend. <€ Plus 5% in stock. ¢ Plus 6% in stock. hPlus 1% in 4 90 Aluminu g 108 Lerner Storen (3); o 2 ool i st 4 stock. JPlus 2% in stock. kPlus 10% in stosk. mPlus 3% in Lone Star Gas n 88c. 106 o e . stock. nPlus 8% in stock. p Pald last year—no regular rate. Stock and Sales— Dividend Rate. _Add 00. Open. High. Low. Close. - Most British Steady, With Only Mod? erate Losses Recorded. BY JOHN A. CRONE. Epecial Dispatch to The Star. NEW YORK, September 2%.—In common with other exchanges, the Curb Market today had heavy offer- ings to absorb, and durirg the early hours dropped rapidly into new ‘low ground. Around ncon, however, sup- port appeared and prices were steadler. ‘The British crisis paturally placed soms emplasis on issues with British afliations, but most of these held fairly well, notably Ford Motor of Cauada and Ford, Ltd., both of which | had only moderate losses.” Woolworth, Ltd., dropped only a small amount to 7's, but this was a new low. Intern: fitmed & itle. mperial OU @ropped rmed a le. T P to 9% and then recovered. The heaviest selling at the start was in the utility list, where losses ranged from 4 to 13'%; points. The big loss was in the comparatively inactive Com- monwealth Edison, which, after slosing at 1713; on Saturday, opened at 160 and later extended the loss. Blocks of 5,000 to 15,000 shares were frequent on the tape. Electric Bond & Share opened on & 15,000-share block at 19, off 2 ‘The stock went Jower and then rallied. American Su- perpower sold at 6, off 3, on & 7,000~ share opening, but later was also firmer. American Gas & Electric was more than 7 points lower at one time. Other issues that rallied after heavy declines included American Common- Wwealth, Power A, Electric Power & Light optional warrants, Electric Power Associates, Middle West Utilities, Ni- agara Hudson Power and United Light & Power A. New lows for the year were made in practically every case. But most stocks managed to recover from 1 to 2 points above these lows. Gulf Ol of Pennsylvania, after drop- ping to 41%, rallied to 43, off only a point on the day. Cities Service opened on & 13,600-share deal and dropped well under 7, but later improved. Wide losses occurred in Standard Ofl of In- diana and Standard Oil of Kentucky, but the rest of the oil groups was fairly CHICAGO STOCK MARKET By the Associated Press. CHICAGO, September 21.— Follow- fl"fl o‘:un;: complete ofim list of trans- S on Chicago Stock Exchange today: Sajes. STOCKS. High. Low. 0 Ak & i 150 Allied Prod o H Amer Pub L 84! 17 558; g> E SEEEE RS it = senih - Seds KL 3553 ) o ' gg&gggfig SEEECIRERY FiS SoBt. $8Jw.2825. 2 :F“.x Tole! 55 B 0088 8835 s S 2 9! 2 ) Efiggggs§§!§:s§ G oS T2 FF ANE - 85028 08w 5 2 e SRe23! WA s555: 50 8 92005 Sy B35 0el! 53 B.88u N ced i Bua s B 23, 18 Ry g 130 La k _Co: w D 2700 Libby-McNeill 50 Lmeoln Print S S e a S ¥ cCord Ra 40 MéQuay Norris 200 Meren & MIrs A. 180 Mickelberrs's_Food. Bogsoid weet Uil 400 Mid W Ut 67 pf A 0Mid W Ut B’ w B3 zalasy LI+ Ry BEuZnE 255 Nat Un_Radio Noblitt-Sparks 830 Nortn Am Car 9 Lo BeBoel- . » o 22 23 » - - o 5223 8ulee-BEuSnlEuE, BRI 33w-5503a2348 .y T M =33, & 8533 28,5 e P AETu8I S e ! P B85 me T B o e e . g o lues2Ba B! EER 28800 .-..5.:"::::.....; B 2! &R e Sl RN a8 L. 28, shar - BONDS. 5s 1827.. 10 §1,00%. 108 TR 60 30 314 819 12 2 1% 4% 124 B o 102% 2% 3% 1 28 26 % 1 6% 9% 3% % 1 % 3 2 ~ 31 314 2% 5% 4 2% 7 W Aluminum Co Ltd... i Alum Ltd B wa; . Am Arch Co (3).. Am Cigar Co. . 1008 Am City PEL (A) a3 Am Cit PAL Bb10%. Am Com P A (b10%) Am Com Pr B(b10%) Am Corpn (£30c) Am Cyanamid A, Am Cyanamid B, Am Dep Strs Am Equitie Am ¥or Pow Am Gas & El Am Hardware(4)... Am Invest Inc (B) Am Invest WAT.... . Am Lt & Trac (2%). Am Lt & Tr pf (1%). Am Maracaibo. . Am Natural Ga ‘Amn Superpwr (p40c) Am Superp 1st (6) Am Transformer. ... Am Utll & Gn B vte. Am Yvette (25¢) ‘Anglo Chil Nitra Animal Trap (1 ‘Appalachian Gas Appalachian Gas wr. Arcturus Rad Tube. . Arkansas Nat Gas. .. Arkans Nat GasA... Ark N G cu pf (60¢). Art Metal Wks (60c) Assoc Elec Ind (30¢) Asso G&EL (A) (al). Asso G & Bl war.. # Asso Laundries vie., 20 K 3% 114 2% 6% 4 344 920 27 11% 10% 5% 20 15% 2514 98% 18% 24 1% % % % 1% % 16'% 12% 26 21% 25 14% 1% Asso Tel Ut (b8%) Atlas Plywood. Atlas Utl] Corp Atlas Utilities w Auto Voting Mach AutoVM cv pr pt 50e. Aviat Sec of NEng. . Axton Fish To A 3.20 Babeock & Wit (7) o141 I L (1% Blue Ridge Corp. Blue R Cpev pf { Bower Roll Bear (1). Brasil Trac Lt&P (1) Brillo Mfg (600). ... Brillo Mg A (2).... Br AT couB1.174-5 Buft N&EP pf (1.60). Buft N& E P 1st (5). Bulova cv pf (3%).. Bunker Hill & Sull Burma rets 127 3-5¢. Bwana M Kubwa Cable & Wire A rets. Cable & Wire B rets. Canadian Marconi. .. Carib Syndicate. Carman & Co A (2) Carnation Co (J1%). Carrier Corp. Cent Hud G&E 1 b1 27 3 a 69 1 6 2 385 4 258 13 9 2 2 60 43 51 106% Cent Maine pr pt (1). 108 5% 10% 4 4% 3 80 T 60% 70 ki 2% 39% 3w W 2 94 % 1684 1 5 2% 1% i s 2 18 R 2 6% 2% " 20% 20 % % 2 % 12% 1% 2% 1 2% 27 141 12% 2% 89% W ~ 1% 17 % 1% 2% Cent Pub Sve A b5%. Cent&Swn Ut (b7%) Cent Stat Fl (blo'l.:‘. 1 Chain Stores Stock. . Childs Co pf (7)..... Cities Service (g30¢) Cities Serv pf (6)... Cit Sv P & L pf (6) Cit Sy P &L pf (1) Claude Neon Lts Inc. Clev El Illum (1.60). Cleveland Tractor. Colombia Syndicat Col Ol1& Gas vte. Colum Pictures(T! Col Picture vte(75¢). Cmwith Edison (8).. 76 Cmw]th & Sou wi Com Wat Ser g12%¢. Consol Afreraft..... Consol Copper-. ... Con Gas Balto (3.60) Consol Royal (20¢) Corroon & Reynolds. Corroon&Reynlds pf. Cosden O1l. .. Creole Petroleum Crocker Wheeler Crown Cork Intl ( Cuban Cane pr opt w. Cumberland P L (2) Cuneo Press (2%)... Curtiss Wright war. Cusi Mex Mining Darby Petroleum Dayton Afr & En Deere & Co. ... De Forest Radio. Derby Ofl Refinin Detroft Afreraft..... Doehler Die Casting. Dress SRA (3%)... Dresser Mfg B (2).. Driver Harris new... Dubilier Cond & Rad Duke Pow (5) Duquesne G: Durant Motor: Durham Du pr pt(4). East G & F Assoc. . East Sta Pow (B). East Util Inv A Eisler Electric. 24 g 26 1 1 368 6 1 508 b8 2 4 6 21 2 . 163 21% Elec Bond&Sh(b6%) 700 69% 89 9 % 28 % 24 % 1% +* 3% 18 B % 16% 99 144 22% 6 ™ 2z m 1 2% 7 15 ElecB& Sheupf5.. Elec B& Shpf (6)... Elec Pow Assoe (1) . Empire Corp. Empire Pwr pt(2. Empire Pub Sve (A). 4 13 Fureka Pipe L (4).. 2008 Europ E Ltd A (60¢)! Fairchild Aviation Falcon Lead........ Fansieel Products. .. Federal Baking Shop Fiatrets (943 ¥inancial Inv N Y. Fire Asso Phila 1.60. Florida P & L pf (7). Ford M Can A (1.20). ¥ord Mot Can B 1.20. Ford Mot Frn 37%¢. Ford Mot 1.td 36 3:5¢ Fouvndation For Shs. Fox Theater (A).... Gen Alloys. Gen Aviation. i GenE Litd res 36 3-be. Gen Fireproof (2)... 50 258 1 119 2 25 15 35 Gen G&E cv pf B(8).100s 3 2% 6 25% 7 % 3% el 17% “Gen Leather. Gen Theat Eq cv pf.. Gilbert (AC) (1)...0 Glen Alden Coal (4). Globe Underwr (15¢) Golden Center. Goldman Sachs. .. Gold Seal Eiec new Graymur Corp (1)... 1 27 1 1 7 2 7 1 1 1674 Gt At&P T nv (16%) 100s n7 2 38 2% - ) 5% 9 3 4 3 2% 80 9% 10 8 ™ T% 18% 40 5% % 35 1% % 1% 20 4 5 1% 17% 5 M L] 6% s 9% W Gt At&Pac Tea pf(7) Groc Strs Prod vte.. GulfOllof Pa (1%). Hamiiton Ges v.te.., Happiness Candy Hazeltine Coro (1) Hollinger Gold(65¢) . Holophane (80c). Hudson Bay M & 8 Humble Ofl (12%). Huyler Strs of Del. . Hygrade Food Prod. 11l Pow & Lt pf (6).. Imp Oil of Can (50¢c) Imp O Can reg (50¢) . Indiana Pipe Line(1) Indian Ter 11lu Oil A. Ind Ter lllu ONl B. .., Insull Inv (b6%).... Ins Co ofNo Am 12% Insurance Sec (40c). Intercontinent Petn. Int Cigar Mach (2%) Int Holding & In Co. Int Petroleum (1), Int Products. ......, Int 8rnerp (11.10). .. Int Utilities B. Int Utilities war. Interstate Equities inter Equev pf (3).. Irving Air Chute (1) Ttalian Superpow A . Italian Superp war. . Jonas & Naum om pf. Kirkland, Knett Corp . Kolster-Br (At 8h). 408 oo & FavuRSuBmannuon Bews e Long Island Lt (60c) 13 Long Is1d Lt pf (7).. 108 Louisiana Lan & Ex. 13 Magdalena Synd. ... Mapes Cons M{g(14) Margay . e Mavis Bottling (A).. Mayflower Asso (2).: Mead Johnson (15) Meniph N Gas (80c Mercantile Strs (1) Met Chain Stores.... 1 Mid West Ut (b8%). 130 Mid W Sts Ut b10%.. 4 Miller & Sons. ... 5 Mo-Kan Pipe Line... 27 Mo-Kan Pipe L (B).., 9 Mohawk Hud 1st(7). 758 Mohawk Hud 2d (7). 508 Mont Lt H&P (1%). 508 Moody'sISptpf(3) 1 Mountain Prod (1).. 4 Mount St Pow pf (7)' 108 Municipal Service. Nat American Co. Nat Aviation...... at Bd & S Corp ( \at D Pr pf A (7) Nat El1 Pow A (1.8 Nat Fuel Gas (1 ). 6 Pub SV pf (7)... 508 at Service Co...... at Sh T Sec A 260c. 1 Sugar NJ (2). 4 at Transit (1) 8 at Union Radlo. b ehl Corp (60c). 1 eizner Bros pf (7). 100s Neison (Herman)... 1 N ng Pow pf (6) 2008 ng T&T (8).. ew Jers Zine (3) wmont Mining YP&LLDL (6).. Y P&Ltpf (1) " Steam Cp (2.60). N Y Telpf (6%).... 1508 Niag-Hud Pow (40c) 428 Niag 8h Md (40c)... Niles-Bemt-Pond (1) Nipissing. o Nitrate Corp Chile B, Noma Elec (40¢). Nor Am Aviat A wa Nor Am Util Sec. North European Of 3 Nor Ind Pub 8 pf (6) 3008 Nor Pipe Line (14)..250s Nor St Pow A (8) Nor 8t Pow pf (6). N W Engineers (1) Novadel Agene (4). Ohlo Copper Ohlo Ofl ¢u pi Oilstocks Ltd (A) Outboard Mot A.... Outboard Motor B PacG&EIstpf1%. % Pac Western Oll. Parker Rust Pr (3)..250s insula Tel (1.40). 1 Pennroad Corp (40c) 109 Penna Gas & Elec A. 1 Penn Pw & Lt pf (7) 2008 Penn Wat & Pow (3) 4 Peoples L&Pwr (A). T Pepperell Mfg (6) Perfect Circle (2) Petrol Corp war. Philip Morris Ine. Phoenix Secur Cor| Phoenjx SCpf (3). Pilot Rad Tube A. Pitney Bowes (b4 18 Pittsburgh&LE(110) 508 Pitts Plate Gl (2).., 2 % Plymouth Oil (26¢).. # Rock Lt & P (90c)... Polymet Mfg........ Pratt & Lambert (3) Premier Gold (12¢).. Prod Roalty (b10%). Prudential Invest. .. Pub Sve of No 111 (8) Prudential Inv pf(6) Pub Ut!l Hold war... Pub Util Hold xw Radio Products..... Rainbow Lum Pr B Raytheon Mfg. . Reeves (D) (1%) Reiter-Foster. . Reliable Stores. Reliance Int A. Republic Gas Corp. Reybarn Co. Rubberoid (4).. St Regls Paper (60). 1t Creek Pro(1.40). SChIff CO (2).uues.ns Seaboard Util (28¢) Sec Allled Corp (1).. Sexal L & H (ab0c).. Selected Industries. . SleInd al ctfs(5%).. Sentry Safety Cont. Shattuck Den Min - = Mt HoaBaNn AR oo ~383 Silica Gel ctfs. . Singer Mfg Co ( Smith (A O) (2) Solar Refining. . So Am Gold & Plat... South Penn O1l (1)..: SoCalEdpf B (1%). Sou Cal Ed pt C(1%), Southern Nat Gas. .. Southld Royalty 20c. SWG&EDL (1).... 50 S W Gas Utilitles.... 2 SW Penn P&L (1) Spanish & Gen ret Stand Holding Corp 1 4 Stand Oil of Ind( 1).. 189 4 Taggart Corp 6% 21% 9 5% 1's 3% 3% % 6055 12% 40 Stand Ol of Ky 1.60. 39 Stand Oil Nebr (2).. 3 Stand Oil Ohilo (214).100s Stand Oil of O pt (5). 208 Stand Pwr & Light.. Stand P & L (B) (2). Starrett Corp. ...... Sgarrett Corp pf (3). Stein Cosmetics Strook & Co (60c) Stutz Motor Car. Sun Invest pf (3). Sunray Oil (b5%) Swift& Co (2).. Swift Internat’l (14). e Tampa Electric (32). Technicolor Inc. . Teck Hughes (60c) Thatcher Sec Corp. Tobacco & All Stk Todd Shipyard (4).. Texon Oil&Land (1). Trans Air Trans... LuxDLP Tri-Cont Corp war. Tri-Utilitfes. . Tubize Chatel. B. Tung Sol Lamp(1)... Ungerieider Fin Cp. . Un Gas of Canada(1) M eaRdnBan aabediuanniBon SRoararsnwne Unit Gas Corp war.. Unit Gas pf (7). U 8 Elec Pow ww.. U 8 Elec Pwr war. 4 U S Finishing. . U 8 Foll (B) (50¢)... U S Inter Sec 18t pf.. U S Lines pf. . . U 8 & Overseas war. Unit Stores v.t. Unit Verde E: UnivIns (1%)...... Ul PELL(311.0214) Ut PAL B(at1.02%4). Util & Ind pf (135).. Utility Equitier . 9 Utll Equity pf(5% ). 2008 Van Camp Pkg...... 1 Vick Financial (30e) 17 Walgreen Coveveerse 3 HOPE FOR HIGHER GRAIN PRIGES SEEN Unfavorable Weather Condi- tions May Cause Short Crop in West. Special Dispatch to The Star. KANSAS CITY, Mo, September 21.— Baked under unseasonebly torrid skies for two weeks, the wheat belt is yet un- decided whether or not to increase its acreage or to cut it to the lowest area in four years. Reports to the State Experiment Station of Western Kansas indicate that the new crop will go into the ground in the least favorable con- ditions in a half decade. ‘While it is possible that a large acre- age will be scratched in, the super- intendent of the station declares that an average crop is possible only through the most favorable Winter and Spring in years. On this basis the hope for a higher level for grain prices is encourag- ing the holding of wheat which may by next Spring give a return that will prove profitable to the producer. This is merely a hope—farmers in the mean- time merely waiting for some sign that will warrant staving off for a few weeks or months the disposal of the holdover on_hand. Rural bankers are considering what they shall do about collections on notes to come due in the next few weeks. Mostly they are fairly well fortified with reserves, though bond accounts have shown losses and deposits, while below ordinary figures at this period, have held up to a falr average. Savings especially have grown. Already the interior is feeling the strain of unemployment and is prepar- ing for the coming Winter. Farm work is practically over so far as any itinerant labor is concerned. The towns have risen against expanded budgets, counties have cut their expenses, States are ask- ing boards and commissions to reduce outgo and to discharge every possible employe. Conservation of local funds and efforts to maintain such ability as possible for handling necessary activi- ties animates public bodles—and is also a factor in the unwillingness of indi- viduals or companies to enter on liberal expansion. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., September 21.— Potatoes, 100 pounds, 75a1.20; sweet po- tatoes, bushel, 50a65; beans, bushel, 40a60; beets, per 100, 2.00a2.50; cab- bage, bushel, 35a40; carrots, per 100, , | 3:0024.00; corn, per dozen, 5al5; cu- cumbers, hamper, 20ad0; eggplants, hamper, 20a35; lettuce, per crate, 1.50a 3.00; caulifiower, crate, 1.75a2.00; cel- ery, crate, 1.50a3.00; lima beans, ham- per, 90a2.50; okra, bushel, 50a1.00; pep- pers, hamper, 20a25; onions, per 100 pounds, 1,75a2.00; squash, barrel, 40a 50; tomatoes, hamper, 25a50; canners’ * | stock, bushel, 50a60; apples, bushel, 25 a90; cantaloupes, 1.00a1.75. Dairy Market. Chickens — Young, 22a27; Leghorns, 19a22; old hens, 18a26; Leghorns, old, 14a18; roosters, 12al15; ducks, 13a22; ‘;;".’5%“" pair, 15a20; guinea fowls, pair, I*ll—“ecelpu, 866 cases; current receipts, 22a23; hennery, whites, 28a30; nearby firsts, 24; Western firsts, 24. Butter—Good and fancy, crenmelZ. 30a35; ladle, 20a22; process, 23a24; store packed, 16. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, export, no quotations; No. 2 red Winter, garlicky, spot, domestic, 49; September delivery, 49; October, 495,. Corn—No. 2 yellow, domestic, spot, 58a59; cob corn, 3.00a3.25 per barrel. ts—No. 2 white, domestic, -spot, 31a32; No. 3, 30a3l. Rye—Nearby, 40a45. Hay—Receipts, none. New ha starting to arrive in increasing quanti- ties, but so far no official grading has been attempted, selling being strictly on merit. Demand for old hay slow and market is full and quiet, with prices in buyers’ favor at a range of 14.00a18.00 per ton. Straw—No. 1 wheat, 9.00a9.50 per ton; No. 1 oat, 9.00a10.00 per ton. Washington Produce unutkr—()ne-pound prints, 34; tub, Eggs—Hennery, 30a32; current re- ceipts, 18a20. Poultry, alive—Spring broflers, 3 pounds and over, 26a28; 2 to 2% pounds, 25a27; 112 to 2 pounds, 252287 Leghorns, 21a22; hens, large, 23a24; small, 21a22; roosters, 14al5. Dressed—Spring broilers, 3 'pounds and over, 32a23; 2 to 2); bounds, 29a 0; 1% to 2 pounds, 26a28; Leghorns, 26a27; hens, large, 25; small, 21; Togsters, 15; Long Island ducks, 21a22. Meats—Beef, prime, 16al7; choice, 15a16; good, 14a15; medium, 113281235 : cow, 812a9; 'veal, top, 16; medium, 1214 al3; lamb, top, 18; medium, 14a16; pork loins, 8 to 10 pounds, 22; 10 to 12 pounds, 19a20; 12 to 14 pounds, 15a16; fresh hams, 19; smoked hams, 21; strip bacon, 22a23; lard, bulk, 9; packages, 916al10. Live stock—Hogs, heavy, 5.3026.00; medium, 6.00; light, 5.80; pigs, 5.50; roughs, 3 25; calves, 7.00a9.00; lambs, 4.00a7.50. Fruits—Watermelons, 15a35; canta- 2);1'1’»5. Colorado flats, 1.25a1.35; honey- 3, : 2.75; oranges, 3.5085.50; L 12.00; limes, per 100, 1.75; apples, bushel baskets, 50a1.00: box stock, 2.2582:50; pears, 3.00; Seckels, per bushel, 1.00a 18-pound baskets, 35a50; peaches, :25; grapes, Concords, crates, 1.00; bushel baskets, 75a1.00; Tokays, 1.75a 2.00; Thompson, seedléss, 2.00; pine- apples, 4.00a4.50; prunes, 1. figs, 4.50; damsons, two-peck baskets, 1.00a1.25; grapefruit, 5.00a5.50; bananas, 1.758 250, persimmons, 100; cranberrles, 78, Vegetables—Potatoes, per barrel, 1.758 2.00; sweet, per bushel, 50a75; toma- toes, 50a75; string beans, 50a75; limas, 2.00a3.00; cabbage, 50a75; kale, 50; spin- ach, 50a75; corn, 75a1.00; cucumbers, 1.00; celery, 3.75a4.00; lettuce, Iceberg, 3.2504.00; New York, 1.25a1.50; carrots, r 100 ‘bu 34 TREASURY CERTIFICATES. (Regorted Regoried by J. & W, Seligman & Coo s Deég 1 32 100 12-32 100 12-32 100 25-3: a 100 26.53: 100 8-33 Broker Firm Suspended. . 'NEW YORK, ] ‘The New ¥ork oI - ;S txchange 15|50 cents quarterly. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, September 21.— The following is a summary of important corporation news prepared by the Standard Statistics Co., Inc., New York, for the Associated Press: Weekly News Review, In anticipation of some drastic ac- tion by Great Britain to curb the with- drawal of°gold from London, the stock market was extremely reactionary, with the heaviest selling taking place toward the end of the week. Although it was expected that England would be com- pelled to take steps because of huge drain on gold, it is too early to tell what effect the suspension of free gold payments will have on security mar- | kets, but it should not be overlooked that unfavorable credit conditions abnormally low levels. The actual movement of the stock market for the week ended Segle’mber 18 as indicated by Standard stocks, showed a decrease of 5.1 points. From 96.1 on September 14 the index declined to 91.0 on Bel:umber 18, in- dustrials, rails and utilitles all moving " irhe oo mharkst I e bond market was also very weak, being influenced by the same I:l"l(l.vdl- able news as the stock market. Al- e deprecf in the bond accounts of nntlagrtel banks was a constructive development, the disturbing factors completely overcame any good results this might have had. Toward the latter part of the week selling was centered on foreign govern- ment bon In this cdnnection it is interesting to note that the official statement declares that the decision will not affect obligations of ‘“his | majesty's government” which are pay- i‘b’s‘ utel; foreign cun"enc:;;. operations for week ended September 14 returned to about 30 per cent of clplo“g after the Labor day shut down, possibility of lower values, due to anticipated wage reduc- tions, is believed to be causing the de- lay of some orders. However, takings by automobile manufacturers will prob- ably not be increased until late Fall due to the postponement of production of mew models. e Automobile output continued to de- cline and it is now estimated that the September total will fall about 10 per cent below August and that the third cent below corresponding 1! ”:?d-tnml‘h ht 1 = freig] car load for week ended September 5 dzclmedmutzll cars from the preceding week, the ad- justed index was slightly higher. The only commodities showing an increase were merchandise in less than car lots, ore and coke. ' Daily aver oll tion 172,700 blrrel:"w a m‘:{: 1.!1:.6-020 12. This increase was almost entirel, caused by the reopening of the h-{ Texas area in an effort to further cur- tail the flow the Texas Railroad Com- mission decreed output be reduced from 225 barrels per well to 185 barrels and that the gas ratio per barrel of ofl should not exceed 500 cubic feet. Electric output for the week ended September 12 was smaller than in the previous week and in the corresponding week last year, due to the Labor day holiday, and as the holiday came a week earlier last year, the only true comparison is the first two weeks of this September with the like' “of 1930, w] a reduction of 4.1 per cent. .However, after ad- Feducton was- Jarger thanseind peer was larger n the - ceding week. s The Companies. Ferro Enamel declared 50-cent divi- las! ent, $1, m “;b'um $ ade Brooklyn houses to the Renslerfrisch circuit. General fire] ng 25 cents rter- ly common dividend; pre: Orpheum Circuit, Inc., passed quar- lf.er]ly lprzlened dividend; pald qn.oo uly 1. Otis Elevator Co. gets elevator con- tract for Marshall Field Building, about !lg(l)“gl)oflinvolvlsgl.l y-Hayes eel Corporation renewed $7,500,000 bank notes for 3: year; not expected to make very good profit showing for last half. General Electric Co. contract from Commonwealth Edison and Superpower Co. for 20 transformers involves over ¥ e Yok, Ontarlo & Western ew_Yor lo ‘est Rail- way first-half net income $165,012; s ::-L;.’?,l cents common share vs. deficlf Brooklyn-Manhattan Transit Corpora- tion—Negotiations reported under waz for reduction of accrued ' preferential Jayments by $6,661,390. ‘Warner Bres. ures, Inc.—Current dusiness substantially ahead of year ago. Goodyear Tire & Rubber Co—s-hrfgd help to take two-week vacation without pay as part of plan te prevent lay-offs. MONEY MARKET. * NEW YORK, September 21 (#).—Call money steady, 1': per cent all day. Time loans, steady: 60-90 days, 1%a 11; 4 months, 11281%: 5-6 months, 13,82 per cent. Prime commercial 2; bankers’ acceptances un- ged; 30 days, 1a%:; 60-90 days, 1a%; 4 months, 1%al;. 5-6 months, 1%al%. Two years ago... Three years ago Low, 1929 * New 1931 tatistics index for 90 | 4 dend on class “A” partici) ‘stock; | Denver & Becenoer 26, 'y peid Py Grain Market By the Associated Press. CHICAGO, September 31.— Violent breaks in grain prices resulted today from England’s financial crisis, but en- larged wheat buying ascribed in part to mills and exporters acted later as almost a complete offset. Apparently all offerings of North American wheat to Great Britain overnight were promptly, accepted. Late upturns in grains were facilitated by action of securitles, wheat traders especially keeping a sharp eye on stocks. Nota- ble relative strength shown by the 'wmnlm 'vh:;z Ez’rkfih"fig also a teadying factor, although the course of Canadian quotations was avowedly off; % higher, and ot varying from a 25-cent mhckmn:‘: of 2 cents. Iow. abroad have already brought prices to | Eepiomuer December Maren 5 OA’ Sel Beetmber May ... Mareh . May New York Cotton Special Dispatch to The Star. NEW YORK, September 21—Cotton prices broke into new low territory for the year under an extremely large vol- ume of business today and, after ner- vous fluctuations over a range of $1 a bale, en s;' ded 4 to 9 points lower than on y. A feature of trading was the heavy arbitrage business between New York erpool owing sterling and the widening of differences between the two markets of over 100 points from the close of the week due to the decision of the British govern- ment to suspend gold payments. Spots were reduced 5 points to 6.20. Cotton range: quarter prodlmu:.lon will be about 20 per | May NEW YORK, September 31 (#).— Stocks irregular; leaders rally buoyant- ly after new lows. Bonds weak; for- eigns lead decline. Curb weak; ex barrels for the week ended September | weak: visible ‘1’ 8u] g lar. Hogs hllhcr.m gl " SHORT-TERM SECURITIES. (Reported by J. & W. Sellgman & Co; Allis-Chalmers Co. 5s_1937. % G015 Chain Co. output | Balti hera vy 1Betoleum Corp, General Public Service and Trunk Fox ‘Theaters subsidiary sells 11 |Gr . Lt Viipnis ey & inia Rwy. Wabash Rwy. So. BALTIMORE STOCKS. Special Dispatch to The Star. BALTIMORE, September 21.— les. STOCKS. At rmeion Atlantic Coast Li; Miners Trans. > Mt Ver-Woodbury, Mills ptd 33 New Amsterdam Cas Co. 10 Union Trust Co. 176 United Railway & U 8 Fidelity & Guaranty. .. Western Maryland Dairy pid BONDS. 10000 United Rwy & Elec 1st 4s PR TS i For the year 1930 99,000 accidental deaths were recorded throughout the fiunu—y. ':wtwr vehlc'}‘col ueoun‘;\nkg !:; e greates rtion—one- the total. i STOCK AND BOND AVERAGES By the Associated Press. MONDAY, SEPTEMBER 21. 222322 2% 3 83383 = &iE BN VE Q' i 22> 4% 2.8 228 23 & & §853say: - B | FEL 3270 » " e 5 o ‘.’J'.. " 5% FF £ v 3383 I & : g23azsss0028sss S55aResusssesenseyE g L3 99009! 535 2 3% 4 1323 35 s, o 9! & Boaeiwl-5.. 298388 e ==5 134 fssgags BorenrBrs 00 S enn 3 5000 . F2TRUSLRIIBETINLLLLERRTIRR2 & g S o = S3BITISBEIIT25.532G3222R A28V 2RRAIBLTILITTLB2S! BonwanwaSumo San! - tinen_O1] dahy Petke 35 v & 104 1 889 SLEERZELIAS! EERD S e i [ F g 2325257435523 =aniiitnana 2225 - PN IRYYER, = 555 227 & FEEET 5 a2 g S yolol 33 9, = & 288823383222 358353232,538532228 Jolalala) sk [3 L i “ni- ¥ o B Lot s sniBull Batusenematas! 25 AR ety ) O oF £ e e 888282 = it 2 4 b 22883 Aol £ aaE - EEE S8y LLETESS 55 5 >, 58 PO o ~38ows: " 5 e S WO 828 - S g;;%-a Sagt = - Saia s =assEsBesagsionsiisd i $555ES i o owe Fd S333 Feeggteny $83328 Se & $3288828813zamg0u8s o 838 3528808 o ‘r 2253 bl e Braons aontlesn Bu Sl an ol BT Ui e g 3 Fug [Progputer * S ortia st TR 2 S £ n Aatti . T i 5 e i s e sttt st i (il S Sl 6 5} i 2200, 5D 'l= T 3 Bows&>&> . L} g: ) > aeaa = ok Q== 28, & FE - e e S SEEFE R F L] 5955, 9% 0313 =u=:§§=:l§s: 2027 &2 22 3 o S o ! i ART 2 w - ! 5 L) o 1< o' 222, = FRasanasensieat.coneitng, suse L EF ORI T Sa5as. exasss ugieZad e e 5= BusYe: mssssieyaney geuFEe o, afnawniar-onGE555 0 & > 23 s W= :uubéd-—’-un & F eonllsotsniibiins il qpsriind 3782, gguisd SEEEERRELuE I eSS [ b - 33! ' B [ ww—With warrants. xw—Without warrants, D—New. wi—Wken issued. NEW YORK BANK STOCKS NEW YORK, September 31 (A~ Over-the-counter market: TRUST COMP;