Evening Star Newspaper, September 22, 1931, Page 14

A‘—14A P FINANCIAL. ‘THE EVENING STAR, WASHINGTON, D. C, TUESDAY, SEPTEMBER - 22, 1931 FINANCIAL O CONSERVATION | T~ NEW YORK STOCK EXCHANGE | BOND MARKET TONE E O FEfi[RAl RESERVE Wire Direct te The Star Received by Private Wire Direct to The Star Office. 1,000 R k . y 1, (Continued From Page 1 . . Divideng "Rate, Aaaoo High. Loy. Cloge. chlefi . s-u:.n Foiggy SRR G0 i B el B, ) ) o, Net | 18% 5% Reynolds ip;lnx S s° 69 59 Lib 318 32-47.. _'6 102 6 102 4 102 5 Gulf Mobile 5s 5“ 50 ividend Rate. Addoo High. Low. Close. Ck 69 Reynolds Tob A (3). F 1st 448 32-47 T8 102 24 102 2° » i " Hx‘t;;"s o KAI?hv 'Aib-0r pf ¢ 70 10 3 89% Reynolds Tob B (3).. 108 40% 40% — % i 4th 4 33-38142 104 23 104 26 ::lalr;ln.::“ 2‘,:, ;: 1% D Kelly-§ % 1 Richfield Oll . 3 MO 1 Strong Spots Appear in List. U ss 1155 ee 9917 99i7|Hed & Maditeil. 19 ey 62 \E: Report for Week of Seplem- . Hiad | 3w H‘-nry L- Doherty Crutmlzes 45 10 Kelly-Spr T 6% pf.. 21 Rio Grande O! & 3 ::1‘):: }gn‘s’ BumEle Ol so I 26 . 7% Kelly- % pf.. 12% Rossia Insur (2.20). 13% 3 + % 2 5 Leaders of Industry for ::‘x ;l' ae:i»:ys-purn?:uw&nl 5% 5 131 R:::Iar)rnci“(rm ;g': : el Forelgn Dollar Issues : }‘.’,Hfi ig= x 33. 452019 ll_nh 4 ber 16 Reveals Increase 15% 6 Kelvinator Corp. 4 35% Safeway Stores (3).. bt i . 60 20 Kendall Co pf (6) Safe Strs pf (6). 881a 2 88% +3% 104 18 104 18 9 of $116, . Wasteful Practices. 31% 10% Kennecott Cogper (1) 4 ~ g Safoway Stre ot (7). 1010 101 Improve. % 0 106 8 106 14 5 310, ¢ ,000,000. 41 29 Kimberly Clark 2% % 11% §t Joseph Lead (1).. 13 12% 12 —-% R 11015 110 18 . —_—— e " ‘d0% 10% Kinney (G R) Co? 8 StL-San Francisco 5 9 3 8 e Vi BY F. H. N. Sales. High. Low. Close. 3 5 | By the Associated Press. In answer to a request by the Na-i 10 23% K"';;{}gs“)’g_"‘g)'“ . 5 et 2 i 4 R m' '”": :‘:"Annso" Abitibi P&P 5853 40% 3Ty 37% e 2w The Pederal Reserve Board conglition fonal Petroleum News of Cleve‘:fl:‘“ 85 35 Krem(sm)Coll 2 3 Hipeairhiaie g7 2y o B NEW YORK. September 22—Though | Alleghany C» 5844 11 46 44 46 ez 0% | statement of weekly reporting member io, statement of his speec! e~ 27% % Kreuger oll 1.1 . 4 4 . .- ; T i s - ; & —1% | there wi : ) P Tr5s66.. 47 52 . 5% Asscciation September 16, Henry L.| 877 63% Lambert Co (8) Hd o 5;‘1 o e b - i ge“:::l"‘l::’: "’:“w:’; ?:u:::r:;ll; Allls-Chalm ts a7 1 0 | Int Rap Tr sta '66..116 00000 in Joans andinvestments. Doherty took leaders in the oil indus-| "4/ 5y ee Rubber & Tire... . % + % Seahoard OIl. . 4 AmpFOVEA’ Sitm . Mediis’s sextloh A . ::t ;::" ;' fga E 27 1$119,000,000 in reserves with try to task today for methods whichl e/ Leh Port Cement 8 Sears Roebuck Y’ . Ho jayan ey Reserve Banks and smmm in have been used dur;‘ng the las‘t1 m‘;‘/i Lehigh Valley Coal 15 Second Natl Inv 2 British bonds were strong, under of- 5, 85 L inta G‘:Q'flgflc;'«- L. 5. | Government deposits, and decreases of S s oo Vo toianiarioa me e Lieh Vai Coal rf (3) ; i Seneca Copper : v i ficlal support and buying emnanating |Am N Gas 6%s '42. S aan e L $61000,000 in net demand deposits and Whole, it will have no direct bearing | Sus, o Fomrin Cory (). &2 B A 56 5 from London. where British investors | Am S&T 18108 47. 1050 1005 | 1t Hydro El 63 44’ 37 5 ings of reporting banks from Federal on the oil business unless other methods | aqu Lehn & Fink (3). oes P ® 23 4 Sharp & Do pf (334). ! | were purchasing their own bonds at|im ZiToy4%wd 3 114 1145 | 1ot AR SO T 5| Reserve Banks remain unchanged. than thofe now in operation are em- A Libbey Owens Glass. Shattuek(FG) (11%) 3 3 ! the bargain prices established in New [Am T & T 68 °65... 162 105 105% | nt Pap s A *47+ .. & 6 + S Loans on securities declined ‘”“,!';fi D‘?\Il‘dmmmmh“d ia” i e oy L] 2 L|ggen&’fl)‘c§s(:g; , Shell Unfon OA1. ... s York Monday and in the unofficial|Am T&T c tr5s’46. 10 106t 106% | Int Pap 6s 55 $ " ML): nl;-l;ur:porflng s‘rzno?omm‘n o i e o aay La1% 81: Lispk Myers B (T8} % 525 - 3 Shell Union Oil b « market in London. Great Britain 5%s | Am T&T 55 £'60. 136 10415 105 | int T8 T 4158 other” loans droppe Septamber 16) because they have been Rty 3 b 33 B e : here Were 3 points higher and extreme- ) Am TATEMS 43, - 51 108 100 | Int T&T ov 4% 3% T oldings of United States Govern- saved from disgrace by a general busi- | 3 Liquid Carbonic (3). : Simms Petroleum s 6 S ¥ General agreement that the dectsion]|Am Wat Wknés it 16 E My ment securities increased in all ness slump,” stited thel_wll}l;t‘- ha"g 312 361 Loew's Inc (3)... % 4 5 % Sinclair Consol Oil.. f 9 ? to suspend gold payments will in the|Am Wr Pap6s’47.. 4 Italy Pub S 7s 32, 85 except Chicago, where reporting h't.:‘ people will naturally think they have 3 Loew's Inc pf (6%) ¥ . Sinclair Oil pf (8) 9 9 9 long run work out to Great Britain's | Argentine May ‘61 showed a decline of $19,000,000, the simply been carried down by the flood Loft Inc. 3 i v Oil. advantage commeldad It o vior that | Argentine 68 Ju'ss. 16 Japanese 535 '65..205 4 9014 total increased being $227,000,000, and Jugosl Bnk 78'57.. 8 34% York, $81,000,000; Cleveland, $38,000.- Kan City Sou 3s'50. 30 73 3 {000; Dallas, $32,000.000 Kan City Sou 55'50. 10 75 529,000,000, and _Atlanta, $27,000.000: n City Ter 4s'60. 17 92 2 | Holdings of other securities declined Kan G&E 4%s'80.. 6 96% 4 | $41,000,000 at all reporting Karstadt 6s '43 1 fact the oil business could have easily 5475 40% Loose-Wiles (13). ! B K Sloss Sheffield Steel . 1 ntine 6s A '57. ridden this general business storm with | 125 118 ' Loose.Wiles-1st (7). Socony-Vacuum 1.60 5 :'é‘:,';f_:gg 3}"7’““" Wwas seen in sharp ::;:ntln. 6s B '58. a remarkably high degree of prosperity [ 217 10% Lorrillard (P) Co... 5 Solv Am pf ww (532) 1 e DT POl i YouNE| oo s Goie 3 109.: if sane methcds of production and dis- 1% Louisiana Oil....... South Port Rico Sug. s b German bank bongs. ?”""m o | Arm Del %3 *43 tribution had been in force. Lou Gas&ELA (1%). 43 ! Southn Cal Ed (2)... i bk mides and some German | s }ison gn 48 '95 v Tew A% SVaited Louls&Nashville(5). 50 Southn Pacific (6) 5 62 e rsod porbedis eyt dlum St | 1 Southern Rwy (m6). d “I have no plan whereby the oil | ~3F——T5r\{cAna & Forbes (1) | Southern Ry pf (5).. 5 3 advance of ’“d“fi;“'y ca‘r;g;essfign:n 2mclr fimifln;r}ha % 60 McAn&Forbes pf(6) | Spalding (AG){(I!,. 3 es. consider s 2 4 2 Y | 9 Spang-Chalf pf (6).. P plans to bring about their salvation. In 10 - 50 et Ay " + _ By \\mn’nn L the Manchurian troubles, as suggested | fact, if they run true to form, they 187 Momtyie Fore M1, Breara-Co by the League of Nations The strength | { nstralia 55 will be unable to agree on 3 or 5 or 50 ' McKeesport T P (4). 5 Sy 1 ; in these foreign dollar bonds was fol- | Australia 58 ‘57, 50 men, nor would they be eble tof 'y Tk MeKesson & Rob(1). 8 6 i A lowed by a degree of improvement in|Austria 7 agree to snything that such a group of i Bt sl some other issues, notably those of k Sou* men would recommend, even if these AL ARSI AS) . s Bulgaria, Switzerland, Sweden, Belgian | B & O 4543, s o s men were able themselves to agree. ¢ 647 Macy (RH)& Co(n3). 5 o and France. B&O4Ks 33, “I have never been without an ade- 2 Madtwon Sq Garden.. 2 Stand Gas&Bl pf (), 3 : “Italian issues were weak, the govern- s w“ lom quate plan since the close of the war 9 Magma Copper (1). s 1 3134 Stand Oil Cal (h23%). 327 32 3 ment 7s dropping 5 points and the for the safe and sane conduct of the 15 Manati Sugar. . 1 997 Stand Oil Exp pf (3). 2 107 H bonds of Rome and Milan_ having simi- ] oil business, and more than eight years 214 Manati Sugar pf.... p 8% Stand Oil of Kansas. 914 lar declines. Hungarian'7/s were off % ago I induced a very earnest and 40 Manhat Ele¥ gtd (7). 30% Stand O11 NJ (12).... s 4 - 15| over 4 points. The number of 30 and ‘4 sincere committee to recommend to the 13 ManbatElevmod gtd 19 15 1 9% Starrett(LS) (123). 60-day deliveries noted in this group board of directors of the American 714 Manhattant Shirt(1) 8 1% Sterling Secur (A).. y 1 | suggested that the comparatively high Petroleum Institute that, to be in con- 1 ‘Marscaibo Oil Exp.. . 4 3 Sterling Secur pf. ... 3 3 Prices of Italian bonds were tempting | Bt UL PUS B formity with other property laws, laws 14% Marine Midld (1.20). 3 » 23 Sterling Sec cv pf(3) 3 4 23% shorts to speculate in them. South | gaiay vec l a0 - in regard to oil should provide that each 12% Marlin-Rockwell (2) 9 3 4% Stewart Warner.... 1 Americans were generally lower, with|pel&lum 8 pool should be held to be a jointly 17 Marshall Field (2%) i 16% Stone& Webster(m2). 25 § ‘54 | Argentine’s 6s showing the only firm- Bni‘lxm s Market St 78 '40. 881 owned property end should be adminis- 16% Mathieson Alkill (2) 9 i 6 10% Studebaker Co(1.20 4 12 s+ % |ness. The Argentine government today | Bels1um 7853 . | Marseille 6534 95 tered as other joint properties are ad-| 125% 110 Mathiesor Alk pf(7) % | 40% 20 Superheater (2% 5 officially accepted the $25,000,000 loan | peisium 78 56 o Midvale Stl 5s '36. 98% ministered, and that this would neces- | 39 261 May Dept Strs (23) , | % Superior,0il. k negotiated in New York to refund half | pell e} B8 S5 5, C0 Milan 63%s°52.... 62 sitate that each pool should be operated | 71% 57% Maytag Co 1st pf (6) y 6 Superior Stee : of "the $50,000,000 October 1 maturity | Béaq taanC 68 48 MUERy&L5s'61 24 101% 101 as a unit. When this recommendation 225 Melville Shoe (2). .. % Syminzton. . E s s of notes. Berlin Oy Ei 6856, 23 2 oo | Mi) El Ry&Lt 5371 33 100% 100 was made to the board, pandemonium Mengel Co. 2 UL 18 TR 10y Domestic bonds in the main were | Beriin CliGsen ‘50, MSP&SSM 5%s '78. broise loose.” Met-Gold Pic pf 1.3 5 3 e Coroh. . e lower again. High-grade descriptions, | Bgtn §1 pin o8 36 MK & T 1st 4590, Stating that a return of business Miami Copper. .. 18 TexanCord (2 % 18y 19 4 |Such a5 Atchison General 4s, Consoli- | poih St of 5358 43, 7 MK&T4sB'62... 3 6 Ohetasa® Exe presperity would not help the oil busi- Mid Continent Petm. % 6 6 24 Tex Guif Sulphur(3) p 251 dated Gas 4.5 and other prime ralls | gojivia 7s ‘58 0 9 % 9 |MK&Tadjss 67, Cheise: lxcl;}lnl;hl < ness much, if at all, and that under 5 9 Midland Steel (3) » 2%*Tex Pacific Coal&Oil r and utilities that were weak on Mon- | pojivia 7869, . . 2 Mo Pac gn 4s'75... 4 2 present operating methods in the petro- 4 Minn Moline Pow, 6 Tex Pacific Land Tr. 2 614 % day because of distress selling, recov- | pordeaux 6s 34 Mo Pac 55 A '65. 0% leum industry our natural resources, Mo Kan & Texas. A 8 2814 Thatcher Mfg pf 3.60 4 cred sharply. On the other hand,|poee & Me 4%s 61, Mo Pac 5s F ‘77 6314 were being wasted, Mr. Doherty con-| gf Mo Kan & Tex pf . 3 14% The Fair (2.40) American Telephcne debenture 5s were | pos & Me 58 ‘65 Mo Pac 6s H '80. 63% tinued: | a2y Missouri Pacific 2 Thermoid Co....... still subjected to some forced liquida- | Bog &Me 55 '67. . Mo Pag rf 63 '81. a2 “We are wasting our petroleum re- Missouri Pac pf (5). 2 516 THIES Bvency ¢ Z Ji|ton. Junior issues were from 1 t0 3| Brasil 658 26, Mo Pac 53s A serves at a more shocking rate than % Mohawk Carpet. .... i 119 " 16 Third NatInvembse) " 12 | points lower, with much of the emphasis | Brasi] § 12 Mont Pow 5543 H wz% 1071 any cther industry, and probzbly at & Monsanto Chem (1% h 18K MHomDHNGH (3 1 (1), being placed on second and third grade | pras) 8s ! Montevideo 78520, 6 201 greater rate than all other industrial 14 Montgomery Ward. . P 7% Thompson Prod 1.20. 9 9 rail bonds, such as Missouri-Pacific 5s, Bremen 7s '35 " 3 | Mor&Co 1st 4%8'39 5 87 ‘Wastes combined. i Mother Lode. ... 4 2 Thompson Starrett.. 2 : Erle 55 and Western Maryland 4s, and | pyiyn Elev 614 26% 264 | Nassau Elec 4s'51. 2 " 45% 45 “There is no hope for the oil indus:. Y Motor Meter G & El. 1 23 Thomp-Star pf (3%) 6 ¢ 23 23 1, | junior industrials like Texas Corpora- | Bklyn Man 6s ‘68. . 218 90% 0%y | Nat Dairy 5= "48. 100 try under our present system of Pro. 5 Motor Products (2) 2 il "o "4 Tide Water Asso Oil. on 5s, Dodge Bros’ 6s, Goodyear 58 Bkiyn Unb5s'45.... 5 110% 110% | Nat Rad 63%s47. during oil, for, regardless of how much % 7Tl Motor Wheel (1). o 2 4 Timken-Detroit Axle 2 51; -1y | and Consolidation Coal of Maryland 5s. | Bkiyn Un 1st 6550, 42 1087 101 | Nart Steel 55 '56 84 83 or how little we have in the way of Mullins Mfg. .. 3 i 4 26 Timken Roller B(2). ;| Bonds of companies with international | Budapest 6s '62. 241 241 Netberlands Gs ‘73, :u 101 resources, it is bound to be uncovered, | 30% Mullins Mfg pf (7).. 3 31% 1% Tobacco Products. 3 2 f, | afiliations were inclined to sag. Inter- | Buenos A 6s'61 Pv. 3: 51" 32 |NwS Wales 58 and the bulk of it is bound to be reck- | 31% 14% Munsingwear Inc(2). 4 815 Tobacco Prod A 1950 5 4 8% — 3 |national Telephone descriptions drop- | Bush Ter con 5855 3 82 |NYCentds'98 Jessly and unnecessarily wasted.” Com- | _18% 64 Murray Corp. ¥ 5 Transamerica (40c). 5 | Ped"nbout a point. Internaticnal Hydro- [ Bush T Bldg 55'60.. 95% | N ¥ Cent db 4s menting on the effect of overproduction | ~407 6% Nash Motors (1) -+ 5% Transue & Wil (1) 4 ;| lectric 65, American & Forelgn Power | .o -/ =" o N ¥ Cent 4 in the petroleum industry on coal pro-| 10% 4% Nat AcmeCo....... 414 Tri-Contl Corp. .. |55 end virtually all issues of Canadian | Callf Packing 5840 3 ducers ¢nd railroads, Mr, Doherty said | 13 4 Nat Air Transport. . - 3 Tri-Contl Corp pf(8) 3 83 83 -2 |goncems declined. Canadian national| CaNASR 08 90,0 NS mtsty that if petroleum was to be put in fur- | 10 8% Nat Bella Hess..... 3 T Truscon Steel (60c). issues were off 2 to 3 points and so were | C2SGR D43, 36. .- B NYCLScl3%s ther competition with the coal industry, | 83% 37% Nat Biscuit (2)0). i 4 Twin City Rap Tran 3 Canadian government bonds. Canadian | GAn&08 58 A, g NY C&StL 4%s still further crippling it and injuring | 1531 145 Nat Biscuit pf (7). '—4_71:_(__ 2 exchange today dropped to more than | CAD ‘\.“”’;..” 15 90 “, NYC&StL5 1 sA" conl-carrying railroads, he saw no prom- | 89% 18% Nat Cash Rez A 1% .. 4 224 | N e {28 per cent discount avlevel imequAlel| T S8 S rea Y. o oo |NYCEStLEs" 8 ise of improvement “except for illegai| 50% 22 Nat Dairy (2.60). 2 | RO Cath ctat): o | stnce ¢ e days of the 1920-21 depression. | cen Nat 438755 [N ¥'Rd T 8w, 43 1145 1w Jackson & Cuw o - 4 % N S HB' 1B 3 Teaders of Industry and in some cases strong-arm methods 1% Nat Dept Stores. : d e e L SheINY ELU&P dsas '3 o Teaders of enforced by the militia to hold back| 36% 19% Nat Dist I'rod (2) 2 i Gaion PReiio (103 1y T+ NALEROUCHE. = production.” 7 % Nat Enam & Stamp Union Pacific pf (4). 4 WaShIflgtOl’l Stock Exchange Can Nat 55°70. 6 ”%I NYNH&H elt 6s'40. 7 97 Service Stations, it bk iy : | Un Tank €ar (1.60).. 3 ; SALES. Can Nor 43s '35 97 NYNH&H cd 65'48. 41 101 Commenting further, Mr, Doherty | Nat Steel (2) / - Unit Alreraft. Potomac Electric 6% pfd.—10 at 11215, | Con Nor 6%s d| 101% 1031 NY O&W 1st 4592, 15 50 said: “We have built service stations . 2 15 Unit Aircraft of (3). 2 7 10 at 1121, 10 at 11235, 10 at 11214, | Can Nor 7sdb " 94 96 |NYRysésA'ss . 3 until we now have so many that some 5 : | Unit Am Bosch...... 5 ; 10 at 1127;, 5 at 1125, Can Pac db / NY Rysinc 6s°s5.. 10 of them don't take in.enough money to . Nat Surety (3). | % Unit Biscuit (2). ... 9 % Lanston Monotype—i0 at 77, 10 at | Can Pacss NY St Ry 4%s" 3. 2 5 - vi r - NY St Ry 616562, pay_the out-of-pock-t expenses of the Nat Tea (1) | Unit Biscuit pf (7).. 76%%, 10 at 76%, 10 at 76, 10 at 76. | Can Pacbs’54. 2 N U Ca s - e Car Cltn £0 65 53 NETel %2730, 18 1084 108 station, leaving nothing for gasoline or 9% Nelsner Brothers. .. s . % UnisCiais Bisrce. 3 2 AFTER CALL. Cent 111 G&E 5851, 15105 105 the huge motor fuel taxes. After crip- o - s 4 C : v pling the coal business and the ccal- B e e, ; Unit Corp (75 2 15 Potomac Electric 6%, pfd—5 at 11215, | Cent Pac 45 '49 :‘1: :::;:g* 4:0, 370 'eow s . 13 83y 82y carrying roads, .the industry proposes Tt Co (A) (3) . 3 % Unit Corp pt (3).... 3 42 Potomac Electric 65 1953—$500 at 109, | Cent Pac 5560 %0 € into any and every line of business L :::g’,, S byl " 0% Unit Dyewood pi 21 42u —1 |Potomac Electric 5%4% pfd.—10 at 110, | Cert-td db53s 3. Nord 63450 to_enable it to support non-profitable, 5% Conttrat (4) .. Unit Electric Coal 2 4 10 at 110. Ches Corp 55 °47. Norf South 5 service stations and subject any other 130% & Harlem (5). ‘ Unit Fruit (4).. 9 —1% Washlngum Rwy. & Elec. pfd—16 at |C& Ogen 435 92, Nor & Wn ev line of business that has any possibil- 936 N Ioaestors... o) v B Unit Gas&Im (1.20). 2 P C&O4%sB'95... No Am Co 53 '61. ity of profit to nfeir competition and % 364 NY N H & Hart (4) Unit Gas&Im pf(5).. - % Capxm Traction Co—10 at 30, 10 at [ & AlL 3 Nor Am Ed 5 L perhaps ruin, rather than to try to 119% 93 NYNH&Hpf (7)., , 5 3% ‘Unit Plece D W (2). 315 5 —1%| 30, 4 at 30, 10 at 30. Quen Nor AmE 5%s ‘!‘nrm the productiorf end of its o'm 13% 5% N Y Ont & Western 9% % Lnél‘fi‘s'lcrfbg:}&f 6% S 4 Riggs N-uannl Bank—12 at 370. i z::gr:x;::_"u. usiness, i2% 3% N Y Shipbuilding : s Dis Eeee flle 4% o~ Nor Pac ¢ to the men in other lines of busm. 111 N Y Steam 1st pf(7). DOt oo ~ %lerror as of yesterday and should have |Shi& Est 111 5851, . Nor e ri6s xq¢1 11 95 and they will probably listen if the men | 2¢% 13 Noranda Mines 14% _ USGypsum (1.60).. 13 | fead: | Bid, 140; asked. 210, G Tt ; Nor St Pw 65 A "41. 4 103% 102'; in the petroleum industry won’t. And 215 Norfolk & Sou: 2% U'S Hoftman. ... 6 5 6 Ly i Nor St Pw 63 B 41 they will probzbly act if the men in the 123 Norf& Westn (112). % 24 US Indus Alcohol i 25% Bid and Asked Prices. N CE Wy & 35 81 ptzoleum industry fail to do so.” 4% North Am Aviation. % 4 S - 3 @ 3 BONDS. s Norway 518 90% g i $0% 47 Nor Amer(b10%stk) . - 2 | Norway 6s'43. 15 851 90 Another ' significant, feature was the | ALChiS C¥ 4%8°48 2 to 3 points in Japanese AUCL 1st 48'52... This buying came after Japan's| AU 5o 16 15" quick agreement to a econference on | At et ab 5a 37 25 —_— 2 "56 55 a1 100 1004 1004| INVESTMENT TRUSTS 60 65% 60 62%| Npw YORK, September 22 (P.— 5100 100 100 |Over-the-counter market: 2 100 100% 100% ? o Tr Shrs D. Laclede 5155 C'53. 90|,|fi BST Lautaro Nit 6s Australia 435 '56.. Shrs E 4. Leh Val cv 4s 2003, 7 Lig & Myers 5s'51. . 5 106% 106 Lig & Myers 7s’44.. 5 123% 123 Loew’s 6s ex w '41.. 25 99% 991 2 9% 92% 15 37 37 1 103% 103% 12 87% 86l Lorillard 5% 22 90 87 L&N 1st 5 11 971 . 97% Lyons 6s 3. 33 100 9% McKes & R5% 50, n 601 58 Manh Ry 1st 45'90 36% waBo 8 Baw 5 BR.88 5. FR AR & F of business disorganizaticn, while in | % Long Beil Lumb(A) . zelly German dollar bonds had been much | Argentine 6s Oc'59. 49 A i "-’-vnnw (& . % | the principal gains by dis New 6 ¥ o . e 3L 8.4, L pag Rt aua 2B, g vagas oy - 0 Tnv T 4™ *Goit Invest Trustee wuaBanS? auulll i ~Fasauste FanileBug usi o loaak@awanton - i ) [ e £ afaniuswBl .l 5 4 " i 5 2 S Pipe & Fd 2 Chi&NW 4338 2037, 60% 23 Northern Pacific (5 pe & Fdry : 2 PUBLIC UTILITY. oy 8 CHICAGO LIVE STOCK MARKET | 793, 61 Ohto Ol ........ f‘:;;l;zr&lmp(n s 22 . Amer, Tl & Tl 45n 30 7 PA s % | Norway 6s'52. 91 I8 - % 8 Setitanibe 1% Oliver Fapm Equip y T G 5 Oreg-Wash 4s 61 ‘ . R 6% 2% Omnibus Corp... & Orfent dev 65 '53... 38 % Hggnrsfitm:nér}cizcg?os:‘l?gu:an;mspm e e . e U B SmtgkRet pr 3% “Traction Pac G&E 55 *42 10 1023 1::’ o 75 18% Orpheum Circuit pf. % 18% 2 8 801 (._1 b 2 ol Ly s carly weak fo 10 lower; 190-250 pounds, | 78, 3% GTNERT SUeHL R 184 26 U S Steel pf (7). ... 2 ; ot 3 il |G THASE mCave 7 Pac T&T 1st 537, 10 106 = 106 525.90; 350 pounds, 5.00a5.85;( S8% 25 Otsuleva 4 . R 5.8 Tobaseo (440} . % Foiomac Elec. © : {|oni 0., Pac T&T rf58°52.. 5 107% 103% pigs, 4.75a5.25; packing sows, 410a4.75; | 16% 28t Ouena i Fid 4 9% United Stores (A). .. 3 5% t e asianks e Pan-Am Pet 6s'34. 31 101% 101% 52 United Stores pf (1) n Ind5%s'62. Pan Am Pet 65°40.. 1 30% 30% £mooth sorts, 4.85a5.15; 1'zht light, Pacin Sa ot : X 7 on 3 and choice, 140-160 pouncs, 5.40a5.15; acific Coast 2d pf. 4% Univ Leaf Tob (3). . 2 2 \;axmnuun Gas S5s... :o2i- | Chile 63 Paramount 6s '47 s T4 72 Paris-Ly M 65°58.. 32 100 9715 T Pacific Gas & El (2). Vs Ya 1, ~ b. Gas 65, Series A.. 1 " ngm weight, 160-200 pounds, 5.60a5.90; . 2 A 57 24 Univ Pic 1st pf (8) .. Was 10434 | Chile 63 '61 m weight, 200-250 pounds, 5.70a; 99 B ocrond s 1| 31 10 UUILP&L(A)e12.15. 2 b J\’:Z'fl S e (i ParisLy M 18-38.; 35 100% 953 Paris-Or 53%s'68... 1100 100 Pacific Mills 2 2 ———————————————————————— o) ., heavy weight, 250-350 pounds, 9 D, - " | e I > 5 ANE! Chile 7s *4: Sales. i SPLB 118 Fhciiio Lok ) 4 % Vadgsco Bales Corp, 45 - % MISCELLANEOUS. 25" Pathe Exch is'37.. 11 83% o | Sou Bell T&T 5e 413 10835 1080 S0uts 18 |Pennas’sssta..... 1 94 94 SW Bell T5s A'54. 9 106% 106% 10615 3:0035.90, packing sows, medium and| g Pacific T & T pf (8) 90 Vad oo Baten pf - Birher b Momss Thei bk ook Chile Cop db & 00d, 275-500 pounds, 4.00a5.15; slaugh- Jons il o) . . s, sone i Chevy Chase Club 5138 I Chin GVtRy bs '51. 5 : it Packard Motor (40¢) 5 5 Vanadium Corp. 4 o pary 3 FEig] et Al 15 e Bou Pacvel Sy bbe. 3 il b (o4 100% 105% | Penncy 435 60. 5 101% 101% Sou Pac 4% ;: 78 ter pigs, good and choice, 100-130 Pan-Am Pet B (80c) . 3 Va-Caro Chem 2 B S e Clew Torm b7 i 106% 10 Penngndls'§5... 1 93 93 Sou P 41569 w 79% AR | Deim i 10 L 10 8% 77w Sou Pac 4348 '81. [ pounds. 4.6525.35. "y Py , v 2 W Ge" i "Storase 83110100 Caitle—Receipls, 9,000 head: calves, ol Deener EpmEa) L YAk nemeRer o o STOCKS, SlevTary Vi ed steers and yearlings, 15- % 1% Parmelee Transport. 4 98% Va Elec&Pwr 3 . 3 T; grassy and short fed steers 1" Pathe E,c,,_,,g,p' y A bt .pf;m 01 PUBLIC UTILITY. Colomb 6s Jan '61. . Penn 55 "64. . 21 100 991,. 00 | Sou P&OT 4%s 77, 90% 914 Y ” trong; light 4 N e e etin () b Colomb 6s'61 Oct.. 16 Penn gen 55 ‘68 3 100 93 |Sou Ry gn 45 '56... 1 . /56% slow, but steady to strong; light heifer 3 PathemychingeicA) - . L : ] : Ryam s 585 58 and mixed yearlings and desirable % 4% Patin Minies: . : Wabash RR. 4 s - 1 “olon Oil 65 '38. ... 8 Penn 835735 52 105 mm Sou Ry S804, son oo er heifers firm to higher; fat cows % 2% Peerless Moto b o i :‘V’afgsh‘m( (T 14 1 14 w.a:x Gag, Lt. Co. 8 Pl e go:o‘;&&go; 4%8'36. 5 ;enn O&D 418’17, 2 90 §°“ SY :5& 6 steady; low cutter and cutters 274 Penick & Ford (1). 5 S Sys (1%).. 3 N te i 1 ColGax s Mayusa: 23 Penn P&L 41581, 92 5 ; Sou Ry $%8°5¢ strong to 25 higher and| 44% 28% Penney (J C) (2.40 2 1 o :oru\( 0. . % | pot v nfd 19! Haebtborlin oo 7. 24 105 2 i!lOlIN! At t steady; 1,330-pound steers | 51, "1 Penn Dixie Cement." i g:m:;;‘f;’)- 4 o [t e Sl oo s gl ;3 :Z S ey L T TR B topped at 10.20; yearlings, 10.00;( 29 8 Fenn Dixie Cmtpf.. 8 / £ pL (7). t s . ‘ 5 slgx?;hm cattle and vealers, steers,| 64 30% Penn Railroad (3)... 3 y % 8, ‘ Warn Bros Pictures. k ] NATIONAL BANK. 8"“8?,‘5,‘5*' 51..149 Peru 6s'61. Swiss 5%s 46 103% 101% 108% ice, 600-900 pounds, 7.758 | 250 5 Peuples Gas(Chi)(8) 5 1% Warner Quinian y Y A 185 ‘on 1%8°45. 31 Phila Co 55 '67 Tatwan E P 5%s'T1 T ) gl s 46% 5% Warren B 8 & Con Pwr Jap 6%s. : - 10.25; 900-1,100 pounds, 7.75 a 10.25; | “10% 4% Petm Corp-of Am(1) y g 4 e O A T Vi . sy C Phila Eiec Tenn EI P 65 A 47. 1,100-1,200 pounds, 7.75310.25; 1,300-| 258 Phelps Dodge (1).. | 2% 2" Webster DELS o 8% 4| Dis 2 o o Consum Pow 5853 s Texas Corp 55 '44. . 1,500 pounds, 7.75a10.25; common and! 2614 Phila Rap Tran pf. 4 IR B el .. 3 Fed -Amer. e 08 i TexaP 1st 65 2000 medium, 600-1,300 pounds, 4.00a7.75. 12% Phila&Reading C&1 76 i IR Gl L S e 5 28 L ap. e s 8 | Philippine R 45'37. Tex & P 55 D'80.. Heifers, gc:ad5 and choice, sdso-sso 12% H‘mlp M;n‘m‘zcmn 1 575 4Bl Wesson u&s;:‘.’.h:, - 30 | e 5% a5 ll:l‘lrl:ll;fi:gsez- 43. 2 Third Av rf 4s '60. pounds, 7.0029.50; common and me- % 4% PLillips Petroleum.. 75 6 | At I > 52. dium, 3.00a7.00. Cows, good and choee, | 53 _Phoenix Hos pf (7).. 5 | m}a . R BweA () _wr:mm“;n i 5 E:.::’::i? Poland 6s 40’ 1 | 72 “Pierce-Arrow pf (6). 3 bt igaih o~ b (6). —6% e Li Poland 7s '47. Toho El Pw s '55 A o B g e ke iy 120 113 West Pa Pwr pf (7). et | TRUST COMPANY. Czecho 8s '52. R oI 5 50, Tokto Sin 61 Buls (ycarlings exciuded), good and | Pierce Petroleum : . 44 16% Western Dairy (A).. 5 16 mer. Sec. & Tr. o (15)...... 310 338 |10y g Hud et 4834, 1y | Port Gn B 4%5weo. 14 1 T e choice (beef), 4.2585.50; cutter to me- % Pillsbury Flour (2) N S kel A AR : i Natl. Bav. (123). 00 | Del & Hud 5%s'37. Porto Alegre 8s'61. 2 124 Tol St L&W 4s dium, 325a450. Vealers (milk fed), | 15 Pitts Screw&B(70c 8 % 8 R e Weste e Denmark 4%s '62 ROER BUA LA 3 Ulst & D 5sct’28. . good and choice, 8.00a9.50; medfum,| 8 i Pitts Steel pf. 5 4 I Stk Wt T g on i oD e A ey o Denmark 5%s ‘55 PosTel&Coesi.. 33 45 o 6.50a8.00; cull and common, 4.5026.50. | Pitts Term Coal pf. 150%, West l,’"’ “g £ H i Denmark 65 '42 93 93 rague 7%s 52 94 Stocker and fader cattle—Steers, good ! 15 % Pitts United Cor 1 2 > aatno ""’“B‘”’)" 4 Lt ! BRvIaOe b Denver Gas 5i 1021 102y | Pru and choice, 500-1.050 psunds, 5.00a7.00; | 957 Pitts United pf (7) G Wiatinghotes (2 2 ° Bneres C Savings . .4 78% 781 % | Un Pac 4348 '6 7 common and medium, 3.5025.00. Poor & Co (B). 2 Wthse lm,}.g’v 330s 897, East Washington Kt - 3115 32 4 o 100 Unit Drg cv 68 '53.. 7 Sheep—25,00) head; killing classes| 2 Port Ric Am Tob(A). L } Aniyait gtttk ikl 4 | Pot t QO o 8 Ay EUSEVGERERS. . 3 1N 15“ 1% | ta King 53337232 fairly active to strong; nothing Postal Tel&Cable pf. 2 2 + Waatvace CHlor (2) : AL “Street (12) 100 100y | Pure 3T, U S Rub 1st 58 '47.. 14 et A SRR S 4 White Mot : . Umufl States (30) 107% 107% | Queensland 7s*41.. 1 50 50 UnSt W 6%s A7, 20 Prairie Pipe Line(3) 4 25 12 | s Moturs o= ash. Mechanics (30). Det Unit 4%s " 5 98 98 SA'51.. 39 2 ‘ 5 White Sewinz Mach. 2 he Bk 6532, 9 Reaa gn 11, 9% 90w o | U3 8 M AR - siders; West Pressed Steel Car. .. FIRE INSURANCE. Deutsche . Ud 8t W SRsCIL T T ry 1 * " Wilcox Oi1 & (‘a' . 4 Brel 40. . 64 Reading ¢ 5 91 90 90 2.00. Lambs, 99 pounds down, good Pressed Steel Cor pf. Wileox Rich A 2%). 3 2 ]églel;l;:ln (12 Tt L TG ovompnivcs, i Unit S8 Cop 6 and choice, 5.5026.65; medium, 4.50a Proct & Gaml ‘2.40) 95 3 Willys-Overland : 5 an : : P ) ¢ 43867, Rem R 5%5 A *47. 59 550; all weghts, common, 3.35a4.50,| 112 L) ! Wilson & Co. . Cational Union’ (18) D oV 5 | Rhinelbe 7s '4 Ewes, 90-150 pounds, madium to choic2, | 00 00 e i Ny CrlEY A 4% 2% Wilson & Co (A) 4 1 TITLE msuRANc'x Dutch East 1 6s'47. 31 Rnine West 65 46 B o ans earce | 107 Pub Sve G&E bf (5) 4 Wilson & Co.pt 3 21 olumbia_ (6h) % 10| Dutch East16s52. 69 Rhine West 63 5 L v good and choice, 5.0025.65. EUl e D i4) 2 25 Worthington Famp W 27 2 sl 0 EastCSuET'asST 14 1% 11K 11| Roine Wese os 30 Utl Pow 5%s '47.. 13 . ekl ; | Wright Aeronautical ; 1 e Ro;‘:’fifif“;‘o;““ 7 B Eavader AN AT OB 40 50 1 Rich O1l Cal 6844 Vanadium St6s'41. 3 #44 i 665 Wrigley (Wm) (4). . 6 6 - % |.Col. idg. G ( , | Brieant oon ¢8 " 80%| R Gr Do Sul 65 '68., Vert Sug 1st 7s"42. 13 NORROLE. & WomE e N e | B! Blas o ¢ ErieconvasB....l 1 89 59" §9°| R OTDOSN B0 AR ROANOKE, Va., September 22 (P).— | —2tieiii tiniiascnien ). ; , 1% Yals® Towne (2)... . 4 R B, 0. Faper MIc. e | s 68 | BioGo W isc e 30 v A decreas: of $7.466,836.70 in net in- B el ol % Rgr. Bre &Y ‘ 2 RIAr&L ¢4s 3. come of the Norfolk & Western Rall- . . . y D). " - 5 18 way Co. for the first eight months of 3 A4 Xouug Spediyice . 1931 tod with the correspond- Radio-Keith-Orph A. T% Zenith Radio. .-« 1 ing Desioq i 1930, i shown I, the 28 A EMLC RO, 8% Zonite Prod Corp (1) 24 9% SLIMR&G (w33, 28 83 S0 + i " . % Raybestos-Mun 1.60. 6 4 ’ { Mer. Tr, " pfd. s St L&SF In 48 A 2 &l stavenent of Terensitn, eapies sind ned 5 Reading Rwy (4)... 43 : Sales of Stocks on New York Exchange, % 2 4% | Fla E Coast 5214 = ‘;,": StL&SF 4%, 67 35 32 34 | Wabashb%s'T5 ‘g?’:‘}fl‘"fli{‘:"“g‘l’“” l-mmh's this your 37% Readinz Ry 2d pf(2) 39 ' 10:30 A.M. 400,000 12:00 Noon 1,000,000 | Bau, Mige A ¢ l"r-m’l‘?r'é! ", stusrpu B'50 4 67 56% 57 [Walworth6sA 45. 3 amounted to $13.276,487 59, s 4% Real sukkflonory,.{ i 1:30 P. ©....1,400,000 2:10 P.M. . 1,600,000 st. M. & G. pfd. Y Yo ;:::51:7%- 4 118% llm =:L: ' 532. 2 44'% 44 44% | Walworth 6% :'i “0 = i 7 Rels (R) & Co 1st pf. —~1% Dividend rates as givea in the above table a 5§ 3 5 A g " i SO O30 heae than B i g 5 . 436 — 5¢| pailh muv eSS e on $he 18tast QUSHIALy o all ear o Oonual | Rer: Bar & N 8 3 |celsenknen 6534 46 47 |SaoPaulots'is H LI i th> amount for July. ‘ B e P Wash Med: Blds o 90 Warsaw 78 58, Operating revenues during August de- | 162 8, Rep NACE S0 PR S | R S PR Tl int: il exira, tPus | Wash, Med, PR, Sore. (T Gen f""‘;r‘_“," . > .n.u. . 3 o r 7t Whi Y % 6% — B ol Copdlnd cmnsed sf 87,159.11, while operating! Fe™ 17 Republic Steel pi Al e —1% | ynn fl ”‘,’“ o8 S0k, & Plus 8% 4‘ ok Wmfl‘;.‘rd.kflbo hrop DI, (1. . 5% expenses decreased $641.791.97. 7 Reynolds Metls(1 in ‘stock. ~m P year—no regular rate. n Plus 8% in losex 7 G Cas 5%s'4 % 8% — W ks cl d. ¥21,% ex! en St 5% a Lo Sood” 3B 2B In stocr. SRV A 3 % exira. Gen Th Eq 6 40. 63 k] . 54 105% 103% 105% | West Md b 1% oc West Pac 5 CHICAGO DAIRY MARKET. FIRM SUSPENDS BUSINESS. |cause of “se - it e i e I 7.“3&:; 5% extra. CHICAGO, Septmber 22 (#).—But- P O ar ket value of all securities owned by the E’“h‘“‘" It was admitted to member- ter, steady, 7,638 tubs; creamery spe-| BALTIMORE, September 22 (Spe- i n O1 cials’ (93 teore). 30143l extras ‘(92| clal) —The siock and bond firm of Nel. | frm and s customers.: b Sl PARIS BOURSE PRICES. 120 6 'Ol 6% score), 30; extra firsts (90-01 score), | son Cook & yesterday suspended | Edwin W. Levering, ~= { A PARIS, September 22 (#).—Three per | German Bank 7s '50 29 |Sine O 7sev A ‘37, 16 8 84 | Wilks h.zx 51 28a29; firsts (88-89 score), 257:226%: buslnm and mnde a deed o( trust for | dent of the United S us Hdel & | Lapland fs feeling the effects of Ger- | cent rentes, 87 francs 75 centimes. Five | Ger Gen EI7s'45.. 3 63 |Sinc Crusun'u ” 99 wfl 2,",:' *.'.‘."" zeconds (86-87 score), 23a24),: stand- | the benefit of creditor: Guaranty Co.,, was made trustee nndn |mlny| troubles, for Germany has re- | per cent loan, 103 francs 75 centimes. | 45.. 67 s 48Y; " Sinc P L I 5 i st 6541, axds (90 ecore centralized carloty). 28%. g issued that it cannot accept all the Exchange on London, 104 francs, Th od Fie 9 s A ais 58 yokohama 65 °61.. e deed. Eggs, /4,051 cases, steads, prices un ] Lo 2 WAS. tad mmmlmlfig from Lapland mines which dollar . 14 83 uuloou -n-:r““‘_ 'u.:: 39““ rma;‘.#”v}‘ \ NN ANER 5S528! O §§=§§§!==8!88§§§ Sfiggggt:fl 2 a2 382 %8 il 5283 55388 ’} g,nsqaamngg s # H - ;m 12 .. s 13 @ 2 §§:§== g§=§§a§==§ - & aanBoorunaRonn g 2 ¥ u dQs