Evening Star Newspaper, October 4, 1931, Page 70

BOND PRICES GAIN ON LIGHT TURNOVER Market Displays Irregular - Tendency—Rail and Util- ity Issues Strong. BY ALEXANDER HENDERSON, Associated Press Pinancial Writer. NEW YORK, October 3 —The bond market advanced irregularly today m; quiet trading. | Strength was more marked among ! the public atility and railroad issues | than in the industrial and foreign loans. Moderate reaction appeared in such issues as Colombian 6s of October, 1961; German 7s of 1949, German Cen- tral Agricultural Bank 6s of October, 1960, and Italian 7s of 1951. However, such foreign bonds as Argentine 6s of May, 1961: Beigian 7s, German 52s and Norwegian 6s of 1944 made good gains. New York. Chicago & St. Louis 4}s of 1978, New York Central 5s of 2013, Great Northern series E 41,5 and Dela- ware & Hudson 4s gained about 1 point Smaller gains were fairly com- among other rals. Canadian ific debenturc 4s and Chicago & Northwestern 43,5 of 1949 receded on active sales. n the public utilities was ed among a few issues, in- American Telephone & Tele- ! graph 5s of 1960 and of 1965, but the | great majority of the bonds sold gained ground. International Telephone de- benture 55 jumped about 2 points and Duquesne Light 4'2s and Utilities Power & Light debenture 5'ps gained about half as much on a few sales. Among the industrials Goodyear 5s and Western Electric 5s advanced about 1 point each on modecrate activity. Most other bonds of this group held steady or made small gains on a few sales. Trading in the United States Gov- ernment obligations was restricted, but their prices were higher. ORDERS FOR LUMBER AGAIN EXCEED CUT Production at Mills Remains Low. Shipments Are Reported Steady. With production continuing at low levels. lumber ¢ rs received by the | mills during the weck ended September 26 approximated or slightly exceeded the cut, it is indicated in telegraphic reports from 826 ding hardwood and s ftwood m 1e National Lumber Mar * Association, which gave their combined production as 180464, 000 fect, &s against new business amounting to 181.258,000 feet. Ship- ments of these mills were 13 per cent above the cut. A week carlier 840 mills reported orders 3 per cent above and shipments 7 per cent above a cut of 187.975.000 fect. Compariscn by iden- tical mill figures for the latest week with the equivalent week a year ago shows—for softwoods, 458 mills, pro- duction 30 per cent less, shipments 29 per cent less and orders 35 per cent less than for the week in 1930; for hardwook 231 mill duction 31 per cent less, shipments 20 per cent less and orders 25 per cent under the vol- ume for the week a year ago. . Lumber orders reported for the week ended September 26, 1931, by 569 soft- wood mills totaled 160,826,000 feet, or 2 per cent below the prcduction of the same mills. Shipments as reported for the same week were 183,030,000 feet, or 11 per cent above production. Produc- tion was 164,281.000 feet. Reports from 275 hardwood mills give new business as 20432000 feet, or 26 per cent above preduction. Shipments as reported for the same week . were 21.005.000 feet, or 30 per cent above pro- duction. Production was 16,184,000 feet. Reports from 483 softwood mills give unfilled orders cf 505932,000 feet, on Scptember 26, 1931, or the equivalent of 11 days’ production. This is based upon production fo rlatest calendar year— 300-day year—end may be compared with unfilled orders of 504 softwocd on September 27, 1930, of 765,732, 000 feet, the equivalent of 15 days’ production, ‘The 420 identical softwood mills l’B-' port unfilled orders cf 493,623,000 feet, the equivalent of 11 days' average pro- duction, on September 26, 1931, as com- pared with 8,683.000 feet, the equiva- lent of 16 days’ production, for the same week a year ago. Last week's produc- tion of 458 identical softwood mills was 158,378,000 feet, and a year ago it was 226,881,000 feet: shipments were, Te- spectively, 174,412,000 and 233,146,000; and orders received, 153,751,000 feet and 235,631,000. In the case of hardwoods, 231 identical mills reported production Irst week and a year ago, 14,562,000 f2et and 21,163,000; shipments, 19, 190.000 feet and 23,848.000: and orders, 18,007,000 feet and 23,921,000, Commodity Price Trends of Week BY H. N. MCGILL Editor McGill Commodity Service. AUBURNDALE, Mass., October 3 () —Commodity prices continued their uninteriupted downward trend this weck in sympathy with the secur ? Norway. n end Den- ndonea the g andard dur- st confidence in ¢ is still lacking. Effort is to bring about better con- certain commodities. For ring this month important the copper industry from Canada, Belgium and Rhodesia will meet to determine meth- cds for reduction of output. Various States growing cotton all manifest in- torest in passing laws to roeduce plant- ings next year, but what seems to be nesded is a general accord between all the States on some set plan in order to get the bect results. Drastic reduction of acreage by one Staie with slight or no curtalment by another would not werk for the common good. boing mad dlions in instance, d interests i Great Brita All Commodities. A fractional decline wes recorded by all ccmmodities industrial, agricultural live stock groups. Out of 14 individual groups, only one increased, remained the same. Industrial. Industrial prices were fractionally lower due to decreases in all groups ex- cept building materials. The average of lumber prices was slightly higher. Agricultural. caused by weakness in | FINANCIAL. BOND SUMMARY FOR THE WEEK UNITED STATES GOVERNMENT, Stock and dividend. High. Lib 3%s 1932-47.....101 18 Lib 1t 438 1932-47. 102 10 Lib 4th 4148 1933-38. 104 US3%s1940-43,....100 24 US3%s1943-47.....100 24 US3%s1946:56.....104 S 451944-54. .. <105 10 US4%81947-62.....109 22 103 16 105 5 103 16 109 22 114 8 10820 ~—1931.— High. Low. 89% Stock and dividend. Abram & Straus 5%s'43. . Alleghany Co cv 58 '44. .. Am Beet Sugar 6s'35.... Am Chain 65 1933...... AmIGChm 51681949, .. Am Internation 5%s '49. Am Natural G 6%s *42 104 Am Sm & Ref 1t b3°47.. 105'% Am Sugar Ref 6s ‘37, 1 Am Tel&Tel cv 44839, Am Tel & Tel s £ 65 Am Writ Pap 6: Argentine 6s Ju Argentine 6s A ' Armour & Co 41539 Armour of Del 5%s "43. Atch T & S Fead) 4595 Atch T & S F gen 4s'95. AtchTo & S Fe 4%s'48.. 2 Atlantic C L 1st 4s '53. Atlantic Ref deb 5s'37 Australia §s ‘55 Austria 7s'43 B & O gold 4 B&Ocv4%s'3 Balto & Ohio 55 '48 B&Oref58'95.... B & O ref bs D 2000 Balto & Ohio 65 '56. B&OPLE& W Va4 B&OS W Div5s 50 Bank of Chile 6% s ‘67, Bank of Chile 6% 8 1961, Belgium 63 °55. .. Bell Tel (Pa) ref 5348, Beth Steel p m 5536 Bolivia 7sct 69 Bordeaux 68 ‘34 Boston & Maine &3 Brazil 6148 1926-57 Brazil 85 '41. . 3 Brooklyn Manh 13t 68 A. Brooklyn Union 58 '50. ... Canada 6s 52.... . Canada National 4%s'54. Canadian Natl 4148 ‘67 Canadian Natl 4755 68 n Nat July 5s '69. nadian Natl 53 '6% Oct. Canadian Pacific deb 4s. . Centra; Pacific 45 49... Central Pacific 55 1960 rtain-teed 532 1948..% Chesapeake Corp 65 '47. Ches & Oh gen 4%8 '92 Ches & Ohfo 45593 A Ches & Ohfo 435 B 95 ChiB&Q4%8B 17, Chi B & Q ref 6571 Ch & East I1l gen 58 ‘51. Chi Great West l"59. Chi M StP & P 5875 Chi M St P & P adj §s. Chicago&Nwnev 4% Chi& N W 614536, Chicago Rys 68 27. Chi R'1& Pac ret 4534 Chicago Rock Isl 413560 Chicago RI14%sA..... Chi Union Station 4 4. Chi Union Station 615s... 1 Chi & West Ind con 4s... Chi & West Ind 5%8 '62. Chile Republic 65 1960. Chile Copper 6s '47. ... CCC&SULIf4%sE'TT. Cieveland Term 6s B ‘T3 Cleveland Terminal 5% Colombia 6s Colon Ol 65°38. . Colo & Sou ref 414835 Columb G & [ deb bs ‘52 Comm Inves! 49. Con Coal (Md) 18t ref &s Copenhager 58 °52. Cuba R R b8 '52 Cuba North 638’42, .. Czechoslovakia 8s ‘51, Del & Hudson 6%8°37.... 1 Denmark 5% 1966... Denmark 6is'42..... Den & Rtio Grande cn 4 Den & R G West 68 '56... Den & R G West 58 '78... Detroit United 4%8 '32. Dodge 65'40...... . Duquesne 4%5 1967 1 Dutch East Indies 65'47. Dutch East Indies 65°62.. East Cuba Sug 7%8 '37... Erie 1st con 4s '96. Erie gen lien 45 '96. Erie ref 5367 Erie 55 '75. Finland 7s°50 Flor East Cox Fonda J & G 4%8 ‘62 French 75 '49. French T%s'41.. . Gelsenkirchen Min 65 '34 General Cable i %s 1947 High. 92 5314 314 97 83% 6% 15 100 103% 116'y 111% 104 36 1061 1031 1074 101% 9 100 8614 234 28 91t 134 54 102% 47 £0 58% TN 100 125, 1101y 81t 81 1091y 1% 78 70 10214 101y 30072 484 : Ger Gov 535 '65 wi.... | jerman Bank 6s 1938, | : German 7849 ... Goodrich (B F) 8%s Goodyear Rub 58 1957. . Grand Trunk s f deb 6s Grand Trunk 7s '40. . Cireat North 4%s Great Nor gen 5%s Great North gen 7s '36 1 Greek 63 1968. . Havana Elec Ry 5%s. Hudson & Man adj 63’57 Hud & Man ref 6s'67. ... Humble O & R5%s '3 1 Illinots Central 4% s '66. a2 Inland Steel 4%s 1978, Inter Rapid Tran 5s"66.. Inter Rap Tr 5s sta ‘66 Inter Rapid Tran 6s '3, Inter Rapid Tran cv Inter Cement 55 '48 Inter Gt Nor adj 65. . Inter Match 68 °47....... Inter Mer Marine 6s'41.. Inter Paper 5s A ‘47 Int Tel&Tel cv 4155 '39, Irish Free State 58 °60... Net Low. Close. Chge 101 9 10113 — 10124 102 10131 102 16121 9910 100 16 9916 100 18 — 10222 103 16 10410 105 10820 10826 — 10 Low. Close. 89% 44 27 9515 10. 981y 96 801 17 24 87 100 100 4014 91 44 27 95% 70 754 15 100 1021 1% 102 404 40 3 -17 + o4 2 -2 -4 Net Chge. i 4 -9 -4 “1% —14 =y +1 + 1 ™ —4% -2 —4 6615 K N; N N N N NY Ch& S Lrer 6% A Japanese %5 Kan City South Kan City Ter 1st 48 Kan Gas & El KKendall 538 '48 (war) Kreuz&Toll 63 ct wi ‘69, Lackawanna Steel 58 '50. Lacledes%s D '60... Lehigh Val cn 48 2003, Liggett & Myers 68’51 woew's Inc 68 ex war'dl, 4 Lorillard 6%s'37 Louis & Nash un{ Market St Ry 78 A * Mexico 48 1904-54. Midvale Steel 55 '36 Milan 6%s 53 MILEIR & L 18t ref Mo Kan & Tex 1st 4 Mo Kan & Tex adj b Mo Kan & Tex pi Mo Pacific gen 4: Mo Pacific 65 A 85. Mo Pacific 6s F'. . Mo Pacific 68 G. Missouri Pacific Montana Power Net, High. Low. Close. Chse. -1% Stock and dividend. 102 i 74 934 95 50 51 984 [ 68% 89 920% 43 46% 95 89 67% 104 85 a1 0% 881% 2% 98 b7 961 6% b1 81 ‘40% 60 60 58 97 100% 65 69% 903 90% 48 51 5 89% 6715 105 85 N4 90% 89 34 8 664 8 76% 51 81 41 60 60 58 60 100 39% 88 11% 100% 105 33'4 95% 904 98% 48 53 59 1134 78 100% 1004 1% Bl -8 City South §: 4%s80... 101 0% 69% 104% 90 92% 9% 1% 4 100 66 i t Radiator 6%s 1947, herlands 6s *72. Y Cent deb 45 '34 Y Cen ref imp 68 2013, Y Cent deb 63 °35... Edison 18t 6% & Hart ¢ & Hclt 6s'40. & Hevdebés... s N N N H H H 6: 60 Norfolk & W en & North Amer Ed bs 57, North Pacific 3s 2047 60 North Pacific 4s ‘97 North Pacific r Northern Stat 100 Norway b%s Ore Wash 1st ref 48 °'61. Orient Dev 6% 7 77 Pacific Gas & E1 6 Pacific Tel & Tel 68 '63. Pan-American 6s 34 5 ra-Fam-Lasky 6; 1s-Lyons-Med Paris Orleans 6% s 196 Penna cn 4% Penn gen 4% ‘65 Penna RR 4%, Penn 4% Penn bs 1964. Penn gen 68 Penn 635 Peru 6560, . Peru 7s. Philadelphia Co 58 ' Phil&Read C&1 6s wi 49, Philips Petrolm 634 8'39. Pireill Co of Italy 7s'62 Poland Postal Tel & C: Qu Queensland 7s "41 Reading 4% 7. Reming-Kand 6% estphalia 6362 Rio de Janeiro 85 ‘46 Rio Grand We R1Ark Rome 6 SLIM & L4 %8 '52 &SR& StL&SF prin4s A 50 StL&SF 4%s'78. St L & San Fr 68 B 'S St Louis S W con StPKCS Lined4i%s 41. Sao Paulo State of Seaboard A L ref 01 8% 90 82 36 42 95 3 821 821y 04 99% 91t R4ty 91 841 1% 9 804 73 6! 54 51'a 501 100 [ 69 30% Serbs.C Southw Southn Seaboard A L adj b coe Seaboard A L con 68 '45.. Seine Dept of is 9 roats&Sia; Serbs Croats Slov 8 Stnclair Oil Stnclair Crude Of Sinclair Pipe Lin ‘37 es Bell Te! South Pacific ref 48 '55. South Pacific 4 %8 Southern Pac 4348’69 ww Pac Ore 4%s 77 Southern Ry gen 4s '56... Southern Ry 1st 5 Southern Ry gen South Ry dev 6148 Stand O1l N J 6s. Stand Ol N Y 4%s '61 Sugar Est Orlente 58 Swiss § T Texas F %846 as Pacific ; Pacific 58 C'79 Third Ave ist ref 4a 60.. Third Av adj b3 60.. Toro Llec Pwr Union Pacific 1st Union I Un Pac) cific 4s 68 fic ref 48 200 United Drug 6s '53. Utd Kingdom 5138 '37. 71 91 02 56 1214 6% 891 01 Urugua. 5 Uttlitier 11 Vienna 6012 85 100 431 841 50 25 70 62 30 B gk =k 96% 51 97 58 11 50 101 86 85 | 101 8215 W Wert M: 104% Wilson Yokoha Western Pacific 5s *4 Western Union Tel 6%s. . U S Rubber 1st & ref 58, y 62 1960 Utan Power & L1 P& L5%8'47. 65 1962, Va Ry & Power virginia Ry 1st Wabash 4 Walworth Warsaw 7s 1958 t Shore 1st 4 o it Maryland 4s '52. . 63 aryland 5% 58 108 & Co st 6341 ma 63 '61. Youngstown Steal Italy 78 '51 Baltimore Markets Special Dispatch to The Star | BALTIMORE, Md., October 3.—With [ the exception of old hens, |still in good derand by the Jewish trade, the general live poultry market rules easy and values on Spring chick- ens show a decline of Z conts & pound. Large springers, 3 pounds and over, however, mect with ready sale, but most | of the arrivals consist of small under | sized chickens, as well as barcbacks, to place, but has a tendency to lower the value of larger stock. Market con- tinues firm under moderate receipts of heavy fat old hens, 4 pounds and over, which meet with ready sale at 23 to 26, but smaller fowl not so desirable at 18 to 20, while Leghorns will not. bring ! neglected at 14 and 15. springers, 2 ing mostly 22 to 25, with 2 to 2'% lymunflers bringing 20 and 21, but Leg- | herns not so desirable and generally | kins, 3.00a5.00 per 100: spinach, 50a55 | ers in bushel; tom 1slow sale at 18 to 20. Old ample supply for the demand, limited at 12 to 15. Large ducks, 41, pounds and ov |in good demand at 16 to 21, ducks are neglected at 13 and 14. old of the latter, Egg Prices. {over 16 and 17, and all poor, thin fowl | d PXfived colorad | per 100+ sugar corn, 10a18 dozen: egg- pouncs and over, are sell- | plants, 40a50 hamper: lima beans, 75n | which is fat young continue | 79 -6 | 1031 7o | | | of 55 pounds and over to the case to bring top values- of 28 to 30 cents a dozen, with nearby candled firsts bring- ing 24 and 25, and current receipts 2% and 23, but small pullet eggs are hard to move et 15 to 20. ‘The msarket for white potatoes dull hich are under fairly liberal receipts from all' Belding Hemingway sections and values are a shade lower at 75a90 per 100 pounds, while mixed, ungraded stock is not wanted and has to be sold strictly on merit. Sweet po- tatoes and yams in moderate receipt and with demand fairly good, market is | a shade higher at 1.35a1.50 a barrel for the former and 1.50a2.00 for the lat- and this class of fowl is not only hard | ter. but ungraded stock genemally slow | arand Trunk of Canada sale At 1.00a1.25. |~ Native and nearby garden truck is in | moderate receipt, but ampie for the de- | mand, and the market rules easy on practically all lines at the following | quotations: Stringless beans, 50a1.00 bushel; beets, 1.50a2.50 per 100: cab- ge, 25a35 bushel; carrots, 2.50a3.50 1.50 bushel; onions, 1.75a2.00 per 100 pounds; peppers, 25a35 hamper: pumn- atoes, 25875 hamver and 40 ;| a60 bushel for canners’ stock. Live Stock Prices. The live cattle market on the der fair receipts of common to medium Demand fairly good for first dence on the wharves. Quotations to- | day at Light street wharf: Beef cattle, | Allis-Chalmers co. ss 1937 American Chamn Co. 63 193 | American Tel. & Tel. 3tys 1943 Amer. Wat, Wks. & EI 83 1934 Baliiimore & Ohio 41as" 1933, - 0. 65 i Bethiehem Steel Carp. 5 1 Chi. Northwesiern R. R, 5s 1038 Ghicago Rock Island 45 1934 Gieve. Lor. & Wheeling. 55 | Colorado & ‘Eo! Rwy. 4145 | Commerciai Crealt o, $75s | Delaware & Hudson Go. 85 | Denver & Rio Grande 4 Gen. ‘Mo, "Accen. Corp. General Betroieum Corp, 85 General Public Service 153 5 1 cus, E. W. Tex. 53 1933 Sta.. Humble Oil 528 '1932. i Laclede Gas Light Co. 85 i934 | New” York Cent. & H. 4s 1934. New York, Chi, & 8t Northwestern Tel. {Pa. R. R. Co. '3t 1! i | Portland ‘General Elec. 85’ i535. | Republic Tron & Steel 85 194 | Sinclnir Crude Ol Co. 3128 1938 Southern Pacific 35 1934....... |St. L LMB8 Ry. R.&G. 45 1 | Union ‘Elec, Lt." & Pow. S5 1933 Union Oil Co. of Calif. 55 1935 Virginia Rwy. & Power 55 1934 Wabash Rwy. Co. 55 1939...... SHORT-TERM SECURITIES. | (Reported by J & W. Seligman & Co.) Bid. Offer. NEW YORK BANK STOCKS NEW YORK, October 3 (#).— 2 declined and one | Peking bringing top prices, but sn;’all)er | wharves continues dull and draggy un- | ar- ket for guinea fowl and pigeons holds | steacy at 25 to 50 each for the former | cattle. and 15 to 20 pair for both young and quality stock, but commcn to ordinary | First National N ¥. cattle are slow sale and much in evi- | America Shase i Chatham 'Phenix Somme:cial National Manhattan Co. | National Cit Public The egg market continues steady, | first quality, per pound, 6a7; commON |gq,yerg Bid, Asked. 311 {ing Is today’s summary of THE SUNDAY STAR, WASHINGTON, D. C., OCTOBER 4, 1931—PART SIX. NEW YORK STOCK EXCHANGE (Continued From Second Page.) ~1931 Btock and Bales— High. Low, Dividend Rate. 40" Sharp & Do pf (334). 12 Shattuck(FG)(11%) 3% Shell Unton Oil.+ 23% Shell Unjon Oil pf. 1% Shubert Theaters. .. 10 Simmons Co........ 4% Simms Petroleum 6 Sinclair Consol Ofl.. 77 Sinclair Oil pf (8) 314 Skelly Oil 10 Skelly Oil nf ww. 6 Sloss Sheffield Steel. 18 Sloss-Sheff Steel pf. 2 Snider Packing pf 13 Socony-Vacuum 1,69 60 Solv Am pf ww(53) 744 South Port Rico Sug. 87 " Sou P Rico Sug pf(8) 29% Southn Cal Ed (2) Southern Dairies(A) Southern Dairies(B) Southn Pacific (6).. Southern Rwy (m6). Southern Ry pf (5).. South Ry M&O ct(4) Spalding (AG) (1)..x 11 Spald(AG)1st pf(7). 160s Spang-Chalfant.... 100s Spang-Chalf pf (6).. 1808 Sparks Withing (1), 207 Spear & Copf (7)... b50s Spencer Kellog(80c) 11 Solcer M{€..o.oveee < 9 “Spicer Mg pf (3)...x 16 Splegel-May-Stern.. 7 4 Stand Brands (1.20). 1690 Stand Brands pf (7). 3 Stand Comel Tobacee 10 Stand Gas&El (3%).x 371 Stand Gas&EI pf (4) 9 Stand Gas& pf(6) x 1 Stand Gas&El pf (7) x 7 Stand Invest Corp... 13 Stand O11 Cal (h2%) 1848 Stand Ofl Exp pf (5) 16 Stand Oil of Kansas. 36 Stand Ol NJ (+2)... 1408 Starrett(LS) (12%), 8 Sterling Secur (A).. 45 Sterling Secur yf.... 25 Sterling Seccv pf(3) 39 Stewart Warner.... 168 Stone& Webster(m2). 210 Studebaker Co(1.20) IR0 Studebaker pf (7)... 140s Sun O1i (€1)... Sun Ofl pf (6 Superior OI1 uperheater (2 uperlor Steel. ..... weets of Amer (1). mington. .. ymington (A). Tautograph (1.40). 3 a4 300 24 12 214 34 24 43 655 16 436 Texas Corp (2)..... 2 Tex Pacific Coal&Oil Tex Gulf Sulphur(3) Tex Pacific Land Tr. 194 Thatéher Mfg Co.... 10 Thatcher M{g p£3.60 7 The Fair (2.40). 1% Thermold Co. S =10 Third Avenue....... 58 Third Nat Inv(m§be) 27 Thompson (J R) (1) 11 Thompson Prod 120. 24 Thompson Starrett.. 5 Thomp-Star pf (3%) Tide Water Asso Oil. Tide Water As pf(6) Timken-Detroit Axle Timken Roller B(2). 1% Tobacco Products 3% 17 5 1% 3% 9414 53 45% 244 Transue & Williams Tri-Contl Corp. Tri-Contl Corp pf(6) Trico Products(2%) 10 33 Truax Traer Coal 0 24 7ia Truscon Steel (60c). 17% 3% Twin City Rap Tran 62 19% Twin City R Tr pf(7) 170s Ulen & Co. ... Under Ell Fishe Und Ell-Fish pt . Union Bag & Paper. . Unfon Carb & 0). Union Oil of Cal (2). Union Pacifie (10).. Union Pacific pf (4). Un Tank Car (1.60). Unit Afreraft Unit Aireraft pf (3). Unit Am Bosc| Unit Biscut (2). Unit Biscuit pf Unit Carbon Unit Cigar S Unit Corp (75¢).. Unit Corp pf (3). 3 25 4) 118 814 294 11% 105 70 19 137 40% 5 25 110 ‘6t 17 11w CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. Add 00. High. Low. 42 13% 4% 31 2 1 6 12 6% 3714 106% 107 31% 10 50% 1% Net. Close. Chge. 40 —4 12% —1% 3% — % 301 +2% 1% - % 10 —1% 6 6 88 am 14 8 19 2 13 60 8 9 - 30 -4 % — 2% + M 50% —8% 16% —3u 30 -3 40 18% 1% 100 -8 —T4 -13 —1% -2 -2 40 12 3% 26 1% 10 5% 6 81 314 12% 6 1% ~1% -5 +1 -2 -1 -3 -2 -15 18 2 13 + % 2 28 6% 60 % 17 Ti% 109 Ti% 97 31% —6% | 44% — % | 75 5= Wl 29% —2k | 90 —10 51 27 983y 15 2714 8% 5Ty 20% 401, ™ 46 497y 32 6 60 26% 5Tin 105% 103 112 11814 120 441 125 34% +4% 90 -4 g k) 2% 20 45 ~1931~ |igh. Low. 324 Unit Frult (4)...... 20 95% Unit Gas&Im pf(5) 96 10% Unit Plece DW (2) 10% U 8 Freight. 120 “U S Gypsum pt (7). 691 U S Leath pr #f (7).. 1 :: U 8 Pipe&Fy 18t 1.20x 35 10 ;E"i U S Smtg & Ref (1). x 135 1?:‘/. U S Steel Corpn (4). 3890 60 21 20 93 24 31 14 16% Vanadium Corp 2214 Van Raalte 1st p 50 :7». Va Elec&I'wr pf (6). 2028 32 28 6 Stock and Dividena Rate, 3 Unit Electric Coal... Bales— 43 95 1278 38 Unit Piece DWpf 6% 30s a2 Unit Gas&Im(1.20) 67 U 8 Distributing. 26'% U 8 Distribut pf (7). % U S Express. . 1% U 8§ & Forn Secur. U S Gypsum (1.60). 5 US Hoffman... 22% U S Indus Alcohol. 3 US Leatheg. . 414 U S Leather (A)... 12 U S Plpe & Fdry (2).x 118 U S Realty & Imp(1) x 105 5% U S Rubber. 148 U S RuBber 18t pf. 49 U S Smtg&Ref pf 3%x 16 U S Steel pt (7). U 8 Tobacco (4.40). 1% United Stores (A). United Stores pt (4). Univ Leaf Tob (3).. Univ Leaf Tob pf(8). 40s Univ Pic 1st pf (8).. 290s 1 Univ Pipe & Rad. 1 9% Ut PEL(A) et2. 340 ‘s Vadasco Sales Corp. 23 Vadsco Sales pf 7 59 408 55 13 19 114 20 45 20 9 i3 Va-Caro Chenr. 4% Va-Car Chem 6% pt. Va-Caro Chem pf (7) Vulean Detin (4). Vulcan Detin pf ( Wabash BR. Wabash RR (A). Waldort 8ys (1%). Walgreen pf (6%3). Walworth Co,... Ward Baking (A) Ward Baking (B) Ward Baking pf (7). & Warn Bros Picture; Warner Bros pf 3.85. Warner Quinian. Warren Eros. Warren Eros ev pt 3. Warren Fd&Pipe(2). Webster Eisenlohr. . Webste senlhr pf Wesson O11&Sno(2). Wesson O&Sno pf(4) West i’a Elec A (7). West Pa El pf (6). West Pa EL pt (7). West Pa Pwr pf (6). West Pa Pwr pf (7). Western Dalry (A).. tern Dairy (B) Western Maryland Western Md 2d pf. Western Pacific pf.. Western Pacific. . 12 Western Union (8).. 216 Westinghse A B(2). x 130 Westinghouse (215) .x1749 Wsthse EM 15t m37% 11858 Weston Elec Instru. x 44 Westvico Chlor (2) 61 6608 17 53 11 107 12 915 6 20 119 585 14 2 508 63 34 2808 5308 8208 3408 7108 9 31 143 11 6 5 38% 24% 99% 106 12% ™% 26 kel 3% 68 13 Met. Add 00. High. Low. Close. Chge. 315 32% 20 95% 96 12% 7 26% % 1% 52 12 21% 314 — 1 32% —5% 21 -2 9B —2% 106 9 12% — 3% 7 =% 26%—23% % - % 2% —1% -6 —4% —8'4 —1% —3% - % — 5% “ —1% 100 -9 1081 — 6% the-counter | Depos ‘B Shrs | Depos Bk Sh Depos Ins Sirs A. | Pixed Trust sr B | Int Sec Wheeling & Lak White M White Bock (+414) White Sewing Mach. 608 308 1 161 13 19 vtors. .. White Sewing Ma pf. Wilcox Oil & Gas. .. Wilcox ¥ Willy, Wil Uch A (235) Overland. ... Overland pf. Wilson & Co. ..... Wilson & Co (A Wilson & Co pf.. Woolwor rth (2.40), Worthington Pump. Worth P ump A (7). . Wright Aeronautical 4% -6'% ow Truck . ow Truck & C pt 1 Zenith uons. XEx-di in stock. b pavable in’ stock. n Plus 2% in stock. 3% in stock. stock. ¢end n mon share vs. $37.36 December 31, 1930 International Raflways of Central America—Reported some doubt as to continuance of preferred dividend. Sen Joaguin Light & Power—Defers quarterly dividend on common stock; paid $2 July 8. Second National Investors—Net as- set value September 30, 1931, $60.62 a | preferred share. vs. §79.49 December 31, | 1930 NEW YORK, October 3.—The follow- important corporation news prepared by Standard Statistics Co.. Inc., New York, for the Associated Press: News Trend. | ‘The week end reviews of the mercan- | tile agencies report that cooler weather | has accelerated the demand for seasonal | goods, industrial activity is slightly in- creased and_collections are somewhat improved. Intensive promotion work has been continued by the majority of retail stores and sales have not only | shown an increase over those of previ- lous weeks, but are making a favorable conparison with last year. Exports | have fallen off in some lines. mainly because of change of the gold standard | by several foreign countries. | The Industries. | Lead—Virgin lead price reduced to | 425 cents a pound, New York, from 4.40 cents. | The Companies. | British Columbia Power—August elec- | tric output (kwh.) up 2.5 per cent. Fitz Simmons & Connell Dredge & Dock—Year's dividend needs covered: net income ahead of 1930. Allis-Chalmers Manufacturing—De- clared 25 cents quarterly common divi- dend: paid 50 cents formerly. American Sugar Refining—Withdraws allowance of 5 cents a 100 pounds on deliveries in non-guaranteed territory. | American Tobacco — Durhan plant | working force enlarged; Bull Durham' output doubled. Donahoe’s, Inc.— Passed quarterly dividends on class A and preferred stocks; paid 25 cents and $1.50, re- spectively, June 30. Eagle Lock—Declared 62’ cents quar- terly dividend: formerly paid 75 cents; cuts salaries of office force 15 per cent. Electric Auto-Lite—Reported large demand for new electric clock; output averaging about 10,000 daily. Fairbanks, Morse & Co.—Cuts sal- aries of office force 10 per cent; general | wage cut not yet considered. Fourth National Investors—Net asset value September 30, 1931, $28.91 a com- Third National Investors—Net asset value September 30, 1931, $23.82 a com- mon share vs $31.88 December 31, 1930 United Light & Power—Gross earn: ings of subsidiaries, 12 months to Au- gust 31, off 6.2 per cent; net income off 24.3 per cent. United States Steel subsidiary, Amer- ican Sheet & Tin Plate, cuts tin plate price 25 cents a box fourth quarter. | American Woolen—Wages of Law- rence, Mass., operatives cut 10 per cent, effective October 13, 1931, Auburn Automobile—September ship- ments totaled 851 units, about twice those of year ago; nine months ship- ments, 32,896 units; in entire year 1930 shipments totaled 13,693. Dominion Steel & Coal Corp., Ltd.— September coal output, 307,647 tons, in- crease of 43,006 tons over August, but | 67,273 below year ago. u Pont (E. 1.) De Nemours & Co.— Withdraws 90-day guarantee on yarn prices, Facific Mills—Wages of Lawrence, Mass., operatives cut 10 per cent, ef- fective October 13, 1931. United States Steel—Bessemer and Lake Erie shops increasing working schedule 331, per cent to 66 per cent. Altorfer Bros—Peoria and Roanoke plants reported operating ac capacity. | CHICAGO DAIRY MARKET. CHICAGO, October 3 (#).—Butter, receipts, 9382 tubs; firm; creamery specials (93 score), 33',a34; extras 2 score), 33; extra firsts (90-91 | score), 30a311;; firsts (88-89 score), 261,a28'7: seconds (86-87 score), 24a 25'3; standards (90 score centralized | car lots), 32}z, [Eggs, receipts, 4,243 cases; firm; prices unchanged. Money to Loan de 1t trust real estate. iling Interest and commissie Secured Pre Is Your 1st. or 3rd Trust Due? Do Y Need Money? MR. FRIEDMAN 416 5th St. N.W., Room 307, NAT. 4519 * LT TR TR TR U * | Money Available for Mortgage Loans | E HAVE available TRUST LOANS—and shall be glad of applica- tions for new or refinancing loans on apartment houses, office buildings, residential or business proper- ties, located in Washington or nearby Maryland or ample funds for FIRST € Payable in cash or stock. Plus 50¢ in gpecial preferred stock. &Wire(2) eet&Tube. o adio 5 7% Zonite Prod Corp (1) Dividend rates as gis cash payments based on thy Ria in the above table test quarterly or hal cly decia.a- tPartly extra a Paid lasi vear—no reguiar rate. 1 Plus 8% 1n stock. & Plus this year—no regular rate. nPius 6% In stock. PIPE LINE BUILDING IS NEARLY COMPLETED Special Dispatch to The Star. NEW YORK, October 3.—The Co- lumbia Gis & Electric Corporation 20~ inch pipe line being completed from e fields of Kentucky, through Virginia, West Virginia and Maryland, to connect with existing pipe lines in Eastern Penn- sylvania, will be finished by the first of November. This line is already sup- vlying ges through its eastern terminus to Washington Gas Light Co., Washing- ton. D. C., and to Lexington and other communities in Virginia. Additional communities in Virgina and West Vir- ginia are now being piped for retail dis- tribution and servee will be inaugurated this Fall. R FOREIGN BONDS YIELD NEARLY 20 PER CENT Rapidly falling prices of second-grade | foreign bonds have resuited in an aver- age yield for this group that is clore to 20 per cent, according to Moody's In- vestors' Service. Averzge return on 10 foreign issue rated Baa stood at 18.61 per cent at the end of September. This centrasts with an average of 8.67 per cent for 30 corporate domestic bonds of the same rating and approximates the all-time record average yield for this type of foreign issue, the analysis states. FINANCIAL., PLEA MADE FOR FACTS ON STOCK SHORT SALES Special Dispatch to The Star, NEW - YORK, October 3.—Now that Congress is about to decide whether & ban on short selling is what this coun- try needs the Alexander Hamilton In- stitute decides that what Congress needs is the easily ascertainable date on the relation of volume of short selling to fluctuations in market price. If it can be demonstrated as a matter of fact that short selling increases in volume as prices mount and falls away in volume as prices recede, the case in favor of the stabilizing effect of short sales appears prima-facie established. If, on the other hand, it is a fact that short selling dries up as prices mount and grows in volume as prices decline, the standard argument in favor °f the practice melts away. It is then not & stabilizer but a demoralizing factor, says the institute’s current bulletin. INVESTMENT TRUSTS NEW YORK, October 3 (P)r Chue market: & Gen Sec A . & Gen Sec B . & Gen Sec 33 pt Br & Con 6s p{ Comp Tr Shrs Assoc Atl Al Au Stand 01 Sec pf... Sec_war' 11\ & Pac Int units! & Pac com ww & Pac pf war nkers Nat In Bansicilla Corp Industry 5 & Gen Eq 613 hain Store” Invest Chain Store Inv pf Chartered Tnvest | Chartered Inv pf Chelsea Exch A.... | Chelsea Exch B Cumulative Tr Sh s Div y n 5 Equity Invest pt Equity “Trust Shis Year Fixed Tr Trost Sh A Fund Tr Shrs A . Pund Tr Sh. Trade ... Gude Winmill Trad Incorp Investors Incorp Invest Eaquii Ar s rp Am Int Sec Corp Am B, Int Se: Am 6s prd ec Am 6'28 pfd . Tr N Y Coll A ¢ Trustee § Lezders of In Tonmun abogousaaliB Has the Depression Affected Your Holdings? sell and exchance Real Estate mortgace bonds. Television and unlisted securities of cvers description. | Allied Sgprice Bureau, 507 Munses Blde.. Balto., We buv P STOCKS Every investor should benefit by our timely compilation of 25 stocks which appear to have un- usual long term profit possibili- ties. These 25 represent a very careful sifting by our staff of unbiased economists of the 425 stocks recently sold under $12 per share. Bach of the 25 showed good average earnings in the four years prior to 1930. Bach company is in sound financial condi- tion. Besides this valuable list, you will receive “The 10 Most Attractive Dividend Paying Stocks”, "Sound In- vestment Rules” and an eight weeks’ trial subscription—$2 value for $1. Return this “ad” with yowr address and $1.00 today. TFINANCIAL WORLD America s Investment and Business Weekly 53-FM Park Place New York i AGES THE CONSERVATIVE INVESTOR will find the features which he looks for as possessing safety for his fu in our N 6% FIRST MORTGAGES Ower a Third of a Century Without a Loss mortgage. Loans on the properti sented by these mortgag been made anly after careful ap- praisement, and the interest does not vary throughout the term of the S repre- have May be purchased in amounts to_medium,’ 4a5; bulls, as to quality, |Brooviyn " 3a5; cows, choice to fancy, 4a5; com-|Chem Bk & T mon to fair, 2a3; -oxen, as to quality, Sont Bk & T 3a5; calves. veal, choice, 95810; large. | Empire fal, 8a9: large, rough, 6a7; common, Juaranty thin, 4a5; sheep, 1a2: Spring lambs |G¥ine o.o.... choice, 7: fair to good, 5a6; hogs, New York straight, 6: sows, 5: stags, 3a4; live pigs, 13816; ‘dnosts S0ai2. | TREASURY CERTIFICATES. i B Closing Grain Quotations. ool y: howing weakness. (Reported by J. & W. Seligman & Co.) N Wheat, No. 3, red Winter, garlicky, | fute Maturit Bid. Vegetable Oils. Previous Year | gpot, domestic, 471s: October delivery, | js8 Dec. 13. Vegetable ofls again showed a drastic Sept 35, QoL 3, | 471; November delivery, 49; corn, No. |z . 1980. |2, yellow, spot. domestic, 53a54; cob ¥ decline and the index is now approx- Pl (1 tely 30 per cent below the point |3l commodities.. ... 262 corn, 3.00 per barrel; oats, No. 2, white, Teeher a spot, domestic, 31a31'5; No. 3, white, Industrial m domestic, 30a30%z; rve, nearby, 0. with no change in values from last week, receipts continuing fair, but most- 1y of so-called fresh stock, which show evidence of having boen held too long. jand conscquently have to be sold as | current receipts. Hennery whites must be large and have the necessary woight Virginia, ‘We shall cgnduct the preliminaries as promptly as possible—and upon approval,- the loan will be made immediately for 3, V % 5 or 10-year periods—and at 2 RANDALL H.HAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT — 1321 Connecticut Ave. Decatur 3600 Agricultural prices still continue their downwerd trend, making a new low. No item in this group showed any par- ticular strength Textiles, Fine. One of the groups showing more than fractional decline was fine textiles, with = cotten making a new low and wool and from $250 up. B F, SAUL. G National 2100 925 15th St. N.W. McGill weekly commodity price indices, | 1926—100: This ek, 3 THERE IS NO SUBSTITUTE: - FOR SAFETY reached in July, when most groups were Agricujtural stabilized. T g k. Moy portant, price changes in the, Vbt Germans in Czechoslovakia sre ganizing athlegic and sports clubs, £1 Ab .