Evening Star Newspaper, October 6, 1931, Page 14

TA—14 %= FINANCIAL. L N .. _TUESDAY, OCTOBER 6. 1931. ; FINANCIAL. CONVENTIONHABIT | NEW YORK STOCK EXCHANGE | IBNDS ARE LOWER | Coxrex wome BONDSmoexmeenmver] [ BANK SYSTE Recelved by Private Wire Direct-to The Star Office. ed by Private Wire Direct to The Star Office ~1931+ Stock and Net. | 10% 2% Rio Grande Oil —~ 2 igh Low. _ Dividend Rate, Add 00, Migh. Low. Close. Chwe.| 41% 113 Ritter Dent M e aramTk Lib3%s32-47.. 12 101 12 101 6 101 6|Good 1st6%s '47... 5 69 67 42 1231 99 Jones & Laugh pf(7) 120s 101 100% 101 ¢ | 26 9 Rossia Insur(2.20)., 13 114 10 1114 +1% List44s33-47 43 102 10126102 |Goodyr Rub5e's7.. 49 78 75 78 > K B A Tl £ » . L 4th 4%s 33-38517 102 14 102 3 10214 | GrandTr sf db 65'36 18 94% 94 94% Slack Business Has Not| 115% 113 KC P&L 1st pf B(6). 200s 114 1131 113% — 14| 42% 13% Royal Dtch(m2.2789) 14 19 18% 18% +1% Both Domestic and Foreign!u.s.3s1951-55131 9712 97 4 9712|cG i . i ituti 45 8% Kansas City Southn. 6 12% 12 12% +1% g . 38 16 rand Trunk 7s'40. 3 991 98% 99% Vi 7 N i+ 38% Safeway Stores (5).. 23 46% 39 46 +b% o i1 it SemiGrNorakeTED. 12 .70 T T2 Executive of State Inflltu-tm 76 TR arstadt (Rudolph). 19 . " v 3, - Diminished Number of 18 mann Dept Stra(1) 1 0 75 Safeway Strs pf (6).. 76 6 +1 Lists Yield 1 to 3 33%s40-43. 184 100 10 9931 100 6|GreNor 434877 B, 1 70% 70% 70% 6 100 14 100 3 100 14 | Grt N 5 S 3 Y i o 24% ser (J) &Co (1). 24 9% 8% 89% Safeway Strs pf (7). 89% 89% 100 10 100 3 100 10 | Gre Nor gn iy 88 100 ;gv/: 100" Opposes Changes in Pres:. 1 . -Alb-Or pf (7). .. i National Parleys. qlelll;!.sp"n‘r;":'l). 266 9% St Joseph Lead (1) 21 9% 10% + % POIM\S. 103 10214 103 | Greek 6868, 1 % 10 Kelly-Spr T 6% p: 408 12% 12% 6! ; 8 A H Gt e 105 10414 10426 [ 0 :: :"M :: ent Arrangement. 516 Kelly-Spr T 8% pt.. 210n 5% & Savage Arm 5 % —2% 10816 10816 110y 1 Ry 5148 1% 119 11% BY BRADLEY W. TRENT. 2 3w Kelsey-Hayes Wheel 28 % 3% N chulte Retail Stores 4 4 BY F. H. Hock Val 414599, . @pecial Dispatch to The St 6 Kelvinator Corp,.... 95 6% i 40 Schulte Stores pf (8) 40 aon + % lo s oo b al Abitibl P&P 6 HoQ & Madi s 67.045 89 64 57 |SPeCIAIDIDACh to The star. NEW YORK, October 6.—Hard times 20 Kendall Co pf (6). 108 30% 40 Scott Paper'($1.40). 40% peclal Dispatch to The Star. Ab&St5% '43..1. Hud & M rf 5857, , 86 85 85 ATLANTIC CITY, October 6.—Con haven't made a dent in the great Amer- | 10% Kennecott Copper(1) 181 1015 3 Seahoard Alr Line. % o NEW YORK, October 6.—Despite| Alleghany Cp 6544 Humble Ol 65 '37. . 99 99 99 tinuation of the present dual system of fean convention habit, according to| 20% 10 Kinney (GR)Co.... 2 n 5% 3eaboard Oil. . 5% he substantial rally in stocks tocay,!Allegheny b % Humble O 5348 ‘3%, 100% 100 100% | banking, consistivg of St John B, Young, manager of the Con- 197 Kinney (G R) Co pf.. 108 19% 314 Seagrave (40¢) 4 bonds dropped into new low ground | Allegheny 68 ’60. Hungary 1%s'44... 4 36 36 36 d S al Biwte u ¥ vention Bureau of the New York Mer- 4% Kresge Dept Stores. 208 4% 31 Sears Roebuck (2%). 32% .-4% |1 active trading. There was a slight | Am Chain 6s'33...., 2 I11 Bell Tell 5 '5 0 . tlonal institutions, was vigorously uj chants' Association. More conventions 24 Kresge Dept Strs pf. 1008 24% % 1 Seneca Copper...... 5 pause at the opening, but the support | Am F P 552030.... 73 11 Cent 4% 104% 103 104 | held by M. Plin Beebe, bank examiner| e aehednied for New Yorkc Olty/ditting | 174 Kresge (85) (160).. 174 3% Servel Inc. ... m .‘,’},’:}E’,:“.‘,‘,,“’;Sg, o8 iolume of fresh |Am1G ChE%s'id. & 111 COSLLAN 435 45 4% 4% |of Ipswich, s. Dax. in his address v i i 315 Kress (SH) Co (§1).. 33y % Sharp & Dohm . ay .the entire | Am Inti 849, ... 23 'S 5 e e ;::tr?g:n:h {:[(‘nos'!\(x\”si"}g‘x‘n::snms casel 27w 51 Kreuser & Toll 161). P 44 40 Sharp & Do pf (33). 40 domestic and foreign lists had lost 1[Am Metal 5%8°34.. 7 mgss«llzku EaA. 56% 567 567 |president of the State Bank Division oL Jearn D n | aniaty 18 Kroger Grocery (1) 1t - 11 Shattuck(FG)(t13%) 22 11 3 to 3 points. Am N Gas 6%s'42,. 9 Sl 9% 9T%|of the American Bankers' Association expositions have been listed with the x 78 Hroger Sroesry 0. 5% 314 Shell Unton Ol 36 Wall Street anticipated that Presi-!Am S&R 1st5s’47. 61 Inland St 4145 A" 85% 85% At bureau for the month of Octobsr—one 4073 Lambert Co (8). ‘g% e R Dt ~ dent' Hoovers statement today would | Am Bug Ref 65-37. & Inland St 435 B'81 80 80 |8t the convention here. He declared more than last year's figure at this 6 Lane Bryant (1). % . be benefic! o) ra Int Rap Tr bs . B4 53 54 ,that this dual pla; time. 24 Lieo Rubber & Tire... 2 pn : ey haar I R e AT eI o e I Ty oL Int Rap Tr ata '66..146 5817 Dol st T e e This, according to Mr. Younz. is| 18% 8 Leh PortCement.... H ; s et e Paid little hood, &8 Inrge Glocks of 0| Am TET ets 88 66, 18 Int Rap Tr 6532 2654 | cega ¥ sl e e sbout the average figure for October, 345 Lehigh Valley Coal.. 3u SIS A CE noe) OO mestic utilities, raflroads and industrials | Am T&T 65 s £ 60, 120 IntRap Tr7s1s... ocslly Tias proved its vale. ‘Hs:aid the first of the five menths which make 18 Leh Val Coal pf (3).. 19% - 77 Sinclair ()" e (8) 53 9 2 were thrust on a market in which there | Am T&T 5%s ‘43 : 98 Int Cement 68 *48. there is a definite place for both typ up the big convention season. Nor has 7's Lehigh Valley RR.. 197 4 1 314 Skelly Oil were few bidders. i Am W Wks 55 '34.. 10 Int & G N ad 6s ‘52, of banking, and expressed the belief ihe sttendatice st conventions fullen off | 8% 35 Lehwem OMrp ) 35 i Sloss-She ot Columbia Gas & Electric 55 were 2| Am Wat Wks 6575 14 s o i o f that the States would continue to did to any appreciable extent since the de-| 2 7 Libbey Owens Gl 6 % g -+ Snider Packing pf. P to 4 points lower, the issues of May, | Arrentineb%s 62 Int M Co bs ret’41.. 13 rect. their various systems despite ar l; pression, Mr. Young said. It s expect- | 91 39 Liggett & Myers(t5) 400 B NOCORE VAL UL A b6 . 3 1952, dropping the most. American | Argentine May ‘61. 3 Int Match 68°47. ... ments of advoeates of & singlt. unifor ed that the 65 conventions during this 40 Ligg & Myers B (15) 42v E Southort Rico Sug Water Works & Electric 6s had a |Argentine 6sJu’s9. 11 Ot EM Golix Surat system under Federal supervision. H month will bring 100,000 visitors to the 16 Lily Tulip Cup(13§) 16% Sou P’ Rico Sug pf(8) Q89 89 charp decline. Western Union 5s were | Argentine 65 Oc'59. 12 InUERp SaA 41 opposed especially the idea of makin city, including wives and members of [ 343 15 Lima Locomot (m2) 16% W 28% Southn Cal Ed (2) p “ 23| about a point lower. The prime utili- | Argentine 65 A I . changes in a period of abnormal timeq the families of men who attend. 3 20 Link Belt (1.60). 20% Southn Pacific (8), .. 92 50 ; ties, like American Telephone 5s, New | Argentine 6s B '58. 6 o s B and said the test of time will tel SISO Bageaiiod 55' 15% Liquid Carbonie (). 15 174 15% +2 Southern Rwy (mé). ; ;214 | York Telephone 4155 and Consolidated | Arm & Co 4%s'39.. 17 5 OTe D v umuNil) whether we should have a single of $80,000,000 Expended. 27% Loew’s Inc (3).. 291 3 4 Spalding (AG) (1).. Gas 4iss, while heavily sold, met better | Arm Del 538 "43. .. 29 sl dl 2 53 | dual system of banking According to figures computed by the ) " Loew’s Inc pf (6% 70 Spald (AG) 1st pf(7). 5 a5 | support and were fairly steady. Atchison gn 45 '95. 112 . Lealy quint. 5 bureau, the amount pent annually oy 15 2% LoftInc....... 3 3% Sparks Withing (1).. ‘ In the railroad list the forencon |Atchiscy 4% Italy Pub 8 Takes Issue With Pole. men and women who come to New 36% Loose-Wiles (13). 35% E Soicer Mg, 5 lesses were as wide as in any market | AtICL1st4 TJapanese 5%s'65.. 20 9 9 Noting that the State banks hold 60 York City to attend conventions an % 10 Lorrillard (P) Co. 5 10% H ¥ “Shicer Mg bf (3). session this year. Nickel Plate 4%,s and | At Gulf 65°5 Japanese 6%s '54. 157 per cent of the banking resources of expositions totals approximately $80,- ' . 1% Loutsiana Oil....... 1% s Splegel-May-Stern. - 5135 were off 3 points. New York Cen- [ Atl Ref db5s'37.., Jugosl Bnk 7857.. 1 the United States, Mr. Beebe questione 000,000. Of this amount it is estimated 20 LouGas&ElA (1%). 20 214 Stand Brands (1.20). . | tral 55 were down 5 points at onc time. [ Australia 43%s '66.. 3 Kan G ; the soundness of the arguments of th that 5 per cent is spent for taxis, 25 per 10 Louis&Nashville(s). 2 42 2 Stand Brands pf (7). iLosses of 1 to 2 points were common | Australia 68 ‘55 37% 3 Ean ity Sontwis. 2 advocates of a single system. Con cent for hotels. 40 per cent in the city’s | 19 5% Ludlum Steel....... 5% Stand Comel Tobaces throughout the prime and junior rail | Australia 5s'57 6 38 | Ean Oity Ter Sut0 troller of the Currency Pole, the official retail stores, 15 per cent in restaurants 22 Ludlum Steel Pyt 29% Stand Gas&El (3% ) s {groups. At midday support appeared |Austria7s'43...... 3 3 R e T spokesman of the national system,had and 15 per cent for amusements. No 15 MCalComD B = 215 Stand Gas&El pt (4), in issues such as Southern Pacific 41.s | Austria 78°57 ctf: Bt R Tetisay offered two reasons why that system attempt has been made to cstimate the | 20% MECROFY BUbA (3. 8 4L 2 Stand Gas&El pf (7). of 1981, Frisco 4’:s, Missouri-Pacific [ g 0 4s 45 . R should be supreme, he said. The firs probable amount spent in speakeasies 177 McCrory (B) (2) ... E 18 281 Stand Oil Cal (h233). 5s, Erie 55 and others. u&ucf/,x'is LacG St 5s'34... was that the commerce of the Unites and with New York bootlesgers, but the alolitre Pome 8 (1)) & tand Ofl of Kansas. - TREAA B&Ocv 4%s 50 v b4 Lackaw St 58 ‘50 States, being largely interstate, to figure no 1bubt is a tremendons one and £ 1y McKeesport T P (4) . 49 B Stand OfI NJ (12)... E 2 3 3% 1 B&O 15 68 48.nv. Lautaro Nit 6s ‘54 financed in an orderly manner, musf does its share in putting money into Tls McKesson & Reb(1). % E 9%, Starrett(LS) (12%). 3 ’cRU DE 0"_ OUTPUT BEOTEERNE, v 78 Leh Val cv 45 2003, have a uniform system of banking mn circulation. 375 191, McKes&Rob pf(33) 9 2 Sterling Secur (A).. 2 ; Fethlib bty o Lig & Myers 55 51. der Federal supervision. While to- th B& December, January and February are % Molietiar Storea. . . 5 Sterling See cv pf(3) 2 22 IB& 068" Loew’s 65 ex w "41.. casual observer this argument appear: the greatest convention months of the | 43:% 15 MackTrucks (2). 3 % 2 Stewart Warner-... . 3 5 3 DECREASES IN WEEK B &0 Pewy T.ong IS of 48°49. . © radfwmiRonnn » o e e RN AR RN RS —D BN NSRS BAARNNAR B o = 2.3 =P AN s 4 sound, said Mr. Beebe, a study of his year, the January figure often running 53 Macy(RH)& Co(n3)., % -+ 134 Stone&Webster(m2). B&OSwdv b 5 3 3 |Long Isldb 58 B tory disproves its necessity. He de 0 as many as 200 large gatherings. 7\ Magma Copper (1) L9 Studebaker Co(1.20). : B & O Tolodo ts - » | Lorillard 5a751. . 0 clared that the very fact that we hav The firs clf:in\'tf'ufinn to |],§ ‘l:;ol;t'fltém" 13 Manati Sugar..... % ;2"‘ iu" g:; ”r”)s' 3 35 By the Associated Press. Bk of Chile 615’57 2 {gm;"g f“",:""" no such uniformity may be one of th the new Waldorf-Astoria Hotel is tha 3 Mandell Brothers. H e 9 9 TULSA, Okla., October 6.—Small de- | BX Chile 63361 3 i, - great contributing factors to the rapid of the National Conference of Major | ag 9% ManhatElev mod gtd % 12 ’ e 3 19 g 9 creases in several areas caused & drop | Bel€ium 6s°5 5 sy S EAT 0. . rise in our commercial structure. Had Columbia University Business Experts, 1214 Marine Midld (1.20). A 3% Superior Steel. . E E production of the United States in the | Be1§1um 75°55 v 3 91% 93 e e i financial policies of our country sinc the Insiitute of American Meat Pack- SWIMRIKEE SURY DI, . 3 7 : % 114 Sweets of Amer (1) | week ending October 3, making the to. | BelElum 7s . 91 e S the enactment of the national bank ac ers, the Merchants” Association of Now | agn, 12 Marlin. Rockwell (3} e tal daily 2135492 barrels, as compared | Bell Tel Pasa BI48 2 105% 1051 -vons 65734, ... in 1863 the history of greater portioy Endifhe e Yore SETEICHRmY 10" 1% Marmon Motor Car. . : ; g 2% Telautograph (140). 1 With 2,157.023 barrels in the precoding | Bl Tell Pa5aC'60 6 107 106t McKes & R 5% 50, of the United States might now b of Commerce he Waldorf Hotel | 325 13% Marshall Field (214) 19 3 2% Tenneases Coron. ... 3 2 I period, the Ofl and Gas Jourmei ret | B Ind Loan C 6146 Bl Manh Ry 1st 4590, written in a far more contracted for been .flllrcmz} 2s gen: ‘ml rmf"fiqg”kf:h’i 3 143, Mathieson Alkill (2) 5 - 23‘_ Tcxllisul‘;':u:.h;x @ 1 2 | ports. Berlin Cy El 6s 02T Market St 7s'40... he declared. ; althoush daytime mectings will be held | 3o * 24 May Dept Strs (2%) e i) |, Okiahoma production increased 9,300 | per/ G 12 6%s 30 301 30 Marseille 65 '34 Of the second reason advanced f & ser for Gotoper 21, | ° meehe eECGwew "3l 22" 5" ThatcherMfe Co.... {barrels dally to a total of 273.135 Bar- | heth St bf 55 B Midvale St b3 ot the Federal Government ‘canno = 25 " 5 3 E The Fair 3 g rels daily, la > - i g ] The convention year ending on April Maytag Colstpf (6) 4 ; 8% The Fair (2.40). e Okltonis i g Y increansitn Bolivia s 10070 ew 7| ianes: I rely_upon the voluntary co-operatio T Hior_a remard which no other clty S e 515 Third Avenue. Fast Texas production was down. to- | 5oli\ia 8s° 17 Ao kit e xeoation of a aticusi'policy the city | whic I 2 Mengel Co. .. 3 145% Thompson (3 R (1) taling 381,396 barrels daily, as com-|p " - Dire 0 or Ve pou in the world has duplicated, and which 20 Met-Gold Pic pf 1.89. eI 0 pared with 397,317 barrels Bordeaux 6534 .. 98 9715 Mr. Beebe said that no such imput also guistripped the city's own record % 23 Miami Copper....... . SR Kansas prodction. was 107108 bar- | 02L& Me 4%a ‘61, T Ti MK tion could be left on {he dooratep o or the peak year of 1929 ¥ 16% 5 Mid Continent Petm. el D TR rels, 8 compared with 107115, & dif- | oos & Me 5855 78 K&T4sB State chartered institutions as a clas conventions wre held here 3 7 Midland Steel (3)... el ferential of nine barrels daily, while | Brasi) 8 s oy, Sianate Pl SRDEIre datswar. | HIS Qeciud 4 October Meetings. S Tide Water As pf(6) e Dot InEIE SUER) GropTa Brazil 6138 B Tow Mo Pac'en 1578 Among ihe organizations meeting 5t Mo Kan & Texas. ... il S8 I8t Deiod. oo At Pt | meaatva: 15 Mo Pac 55 A '65 here this month are the National Auto- 18 Mo Kan & Tex pf (1) s (2T 5 companl il o Doevisis. Teamn AR s 251 24% 25 [Mo PacbsF 77, mobile Chamber of Commerce, National 10" -MHagoUFI BRI, s LS TEs UL+ e TR eading ( Bd & 7:n Av 5 43, e 4 Mo Pac 58 G '78. Shoe Retailers’ Associaticn, Copper and 241, Missouri Pac pf (5). Tranf::u:in- ?_Jf-e Eastern production was stationary at gfilgd ERiASe .o 105% 105% Mo Pac 5s H 80, e Rssm(rhcy A(“\’scrlrimiml NM(‘:OJT:l 9 Mohawk Carpet..... it i e 115,000 barrels, while the Rocky Moun. aui: {?’:r" sss"a'i r:é él ?'y" ?”555 il Association of Shoe 0lesalers, e 16'4 Monsant Chem (13) o™ D o, " . = ot rn 3 6% Mo Pac 5% " ical Congress of the American College | g £3% Montgomery Ward. . ,;:::(L_,g:;ll 'F:gf’;',:(.;'{ ;‘;‘"c:r;":n,g;“fl:f": 3?'1933 ::rr'rili's d-;}qv_. Bkiyn Un 1st 30, loo oou Mont Pow 5 '4; of Surgeons, American Asiatic Associa- | 1. Mother Lode . i Trico Products(2%) tall Calfforril " prodiiction, was' aIwhBUbGI AIERE T 15 u 1oo Montevideo 6 tion, National Industrial Conference % Motor Meter G & El. T T - - from 501,250 barrels to 492,750 barrels. | Bud: S'61 Pv. 02 Mor&Co 1st 4% Board, National Business Show, Coiton 5% 15 Motor Products (2). oSt e 2 sttt 2 i A Gl L 29 - 27 Textile Institute, Eighth Conference of 61 Motor Wheel (1) : 6 i f;:’ fi“[’ ""‘"’L - ~—— 1015 101 Major Industries, Steel Founders' So- 8% Mullins Mfg......00 9 s y il b TREASURY CERT: Calit Packing §; 9% 71 t Steel 5 " iety of America, American Iron and Mullins Mfg pf (1) - y —_— R o . teel 55 °56.... ety 4 : h 3 3 2 . 2 s .34 81 80 etherlands 6s '72 Steel Institute, Insurance Institute cf| 18 Murray Corp b e gy ? Rat bty J & W. Belexan & Co) . | Canndaessaedé 5 95% 951 Eng T 1st 58 '52.. ‘America, American Power Boat Associa- | —yoo— e Sm S = : T4 e Dec. 15, Ta31 L 100 532 Canada 55°52...... 38 95 933 Wales 5s '57 tion, National Association of Manufac- i : - A o o |26 M 13 1RTO2 IR0 34, 100 1o, | Can Nataw 6 81% 80 W S Wales 58 '38. turers of the U. S. A. and Surety Asso- 4 NatAtlr Transport. . = L Uhion oglr tC‘l‘ ;). k | 3005 Dec. 15 1031:32°0 100 1533 Can Nat Ry 4 3 804 TR N Y Cent 4598, ... it GERTericn. e : 3 3 e (flw‘, ). 13% 1tas Sept. 15, 1932..... 99 28-32 100 PCan Nat 4 815 81 Y Centdb 4s'34.. (Copyright. 1931.) 375, Nat Biscult (2. 3 E 4 = 7 % s 1 110 e - ) Can Nat 4338 5 80 &0 N Y Cent 4155 2013 s 7% Nat B e Union Pacific pf (4). . Can Nat 4%8°5 ol koo it MONEY MARKET, : Zou Nat ety (26075 2 24% 2 24 § E:i’f;r;::;:’rln.eo) 2 : Washington Stock Exchange el T 8t 87 C rf fm 68 2013, 3 ; ¥ 1 ) an Nat 55 Oct '69. 87 87 N Y Cent db 65 '35 v 5 13 Nat Dept Stores. Unit Aircraft pf (3). G SALES. bl e 30 Y s '35 :JEW YORK, October 6 (A.—Call| seni 194 Nat Dist Irod (2)... 2 2 Unit Am Bosch. Washington Gas 65 “A"—$1,000 t|Can Nor fadb t0 . 18 ‘90" e CLScl3ls money held at 112 per cent, the Tenew-| 143 = 136 Nat Lead pf A (1) Ui BTRoute (2] e | ‘an Nor 7 z 99 981 C&StL 4 al rate, in the cfficial market today. In 1414 Nat Pwr &Lt (1). : Unit Carbon. 7 8 POt s s 6 TOSE 1000 e e o g A SR S e acens R L Unit Cigar St 2 1771077, $1,000 at 107% 4 Can bac e%is 60,y & e N Faren s at 11, per cent, compared W A 5 2 Nat Steel (2) 311 Unit Corp (75¢) 83 | waskington Rwy. & Elec = | Can Pac 55 *44. ..., 51 b the last few days. Federal funds also % 12 Nat Supply Co. 2 2 35' Unit Corp pf (3). 39% 35% 3 | Real Ectate ':;(:gfl& J"s.‘,’;? ;{;t_%sd | Gan Pac o8 i 3§ e \v;—: Badg were firmer at 1to 11, per cent, against NatTea (1). 5 B 9+ Gaton il i - + pld. e LR ELH&P 45 '49.. 1 to 7 per ccnt previously. 6'3 Neisner Brothers. 3 Unit Electric Coal 3 Car Clin & O 6552, 6 103 }n' NH&H 3155 '56. Bankers dflfceptf"cfst Pl b 15 Nevchpmad(i0e) - 4 Unit Fruit (4). .. 2815 1 2 AFTER CALL. Cent 111 G&E 87 NHAH ¢4 with demand for short term bills goo 0% Newport Co (1)..... i Unit Gas&Im 9 | Was prd D : . and offerings limited. Asking rates 41 NewportCo (A) (). 2 5f Uatt Geaten o : 215 ashington Gas 55—$1,000 'at 100, i Cent Pac s 45, were steady and unchanged. Inquiry| 7 Y Afr Brake. . 7 : Unit Piece D W (2).. 21, 4! American 3ecurity & Trust Co.—5 at Cert-tddb5% for short-term commercial paper was 49% N Y Central (4). ; : 7 Unit Piece DWpf 6% 300, 1 at 300. Ches Corp 55 * better, but rates were unchanged. Time 2" N Y Investors. i %+ % G 8 Distributing 5% Capital Traction Co.—10 at 25. C&Ogen a3 money was dull and unchanged. 304% NY N H& Hart (4).. 63 6% - § U'S & Forn Secur. 31 Washington Gas 55—$5,000 at 1001, C&O 4154’93 s et An ) sgugggnfii:‘!&:fi:x. 0 ’ 2 US & For Secpf(6). 2 2 5 | $500 at 100. ' C&O4%sB'9Ss 4 ord 63 '50. SHORT-TERM SECURITIES. 214 N Y Shipbuilding. ... G"f:;; 1 1 1 Washington Gas 3s $3,000 at 100. CB& Qgen 4 3 Norf South 58 61 . LI v - 9 Washington Gas 65 —-$2,000 at CB&Qi%ks'7 5 Nor & Wn cv 43 '96. (Reported by J & W. Stligman & Co.) 31 Shipbldg pt (1), Hoffman. . 5 3 1004, $100 at 10014, C B&Q 1st rf bs ‘ No Am Co 58 Bid.~ offer. 991 N Y Steam 15t pf(7). indus Alcohol 2315 3" o - : CB&Q I1dv 33 2 : 2 | Nor Am Ed 5s Leather. . 3 Bid and Asked Prices. Chi & Est 111 55 Nor Am Ed 58 TS they “went the limit.” He asserted that, when our financial resources wer under such great stress, State-chartered institutions, with few minor exceptio: met their full share of their responsibil; ities, as interpreted, not by the severa States, but by the Federal Reser system. Y 9 re State Rights. State rights are also end:ngered by the proposal, he declared, adding thal “each individual State has unques. tionably the fundamental right to con. trol its own financial background with. out undue interference. It is a righ that should be jealously guarded and | should not be hampered with congres. sional authority. “Our country is too large, distanc too great and its interests too widel diversified to expect one banking tem_to be so versatile ss to handld the situation efficiently. With two sys. tems we have an excellent check o the matter of taxation. Further, twd systems insure healthy competitiod and force each system to seek and em. ploy the most efficient methods and cost of operation. Moreover, it is id the interest of the United States itsel that a banking monopoly should no be created.” e Gain in Power Outptdly ~ CHICAGO, October § ‘ West Utllities System’s put the week ending Octobeg ¥ | 11 per cent. ?c]r::'.‘se over €h 3 respon weel . Th ,, Pa was® 86.402,057 fi:nu houty against 80,222,797, ¥ Eme e PARIS BOURSE PRICES, PARIS, October 6 (#).—Thre§ o cent rentes, 83 francs 20 centimes, Fiv per cent loan, 102 francs 40 centimes. Exchange on London, 98 francs 7] centimes. The dollar was quoted at francs 39'4 centimes. Eilnebontievanes s SratrBaZiaBantoran » s o » BESTE T PRI PP IIE TP -F PRI S=h PP =PI e PIOC -2 ® ) Allis-Chalmers Co. 55 1937..... 93% | 291, 10 Noranda Mines..... U Us Us Us American Chain Co. 6s 1933:. ‘954 96 4 v us o American Tel. & Tel_ 5';s 1943 105 = 1053 112 Norf & Westn (t12). U'S Leather (A) 5 ol Chi 2 g N a g Amer. Wat. Wke. & EI 35 1034 98%a 80 Norf & Westn pf (4) ) US Leath pr pf (1) BONDS. A L : o Amu s Baltimore & Ohio 4':5'1933. ... 93 313 North Am Aviation. 3 , USFipe& Fary (3. : ;o8 PUBLIC UTILITY. e 66 a Nor L 647, Belding Hemingway Co. 6s 1936 9 26 Nor Amer(bl10% stk) k4 D S 2). 3 . 3 Bid. Asked. & St P 4s'89. 3 or Pac 3s 2047, . Bethlehem Steel Corp, 55 1936 N % U S Pipe&Fy 1st 1.20 Amer_ Tel. & Tel. 413 '39..... C M StP&P 5875 33 2 Nor Pac 4s ‘97 Canadian Nor. Rwy. 4':s 1935 9 41 North Amer pf (3).. U S Realty & Imp(1) 9 3 Am. Tel & Tel ctl tr. 950110 108 CM &St Padj 5s Vor Pac r i 63 2047, US Rubber....... : 6 Aoy Pt P Do R i [ OHISNWIILEI0TT. 5 5 55 |NorStPwisA'4l. U S Rubber 15t pf. 9 9 214 <13, | C. d 'P. Tel. 'of Va. ... C&NW 415 C 2037, 4 or St Pw 6s B 41, Commercial Credit Co. 5';5 1935 9 12 Ohto O11 3 U S Sintg & Ref (1). + Sapital Traction R B. bs . Chi& NWen4%s.. 59 471 i Norway 58'63. . Delaware & Hudson Co. s o 1 Oliver Farm Equip. . i U S Smtg&Ref pf 3% 36 Georgetown Gas 1st Shi & NW 6%s36.. 11 5 9 Norway 5%s '65 Sfifi“{nfi ’22:3’“2239"52 82 s 13 Orpheum Circuit pf. 5 3%51“1 Corpn (4). 7 4 87 l!:o:nmae 'i.‘l“ Cons. 3 Chi Rwys 5s'27.... § 42 2 Norway 6s'43. . General Betroleum Corp. 55 20% Otis Elevator (2%) JS Steel pf (7)..... 13 12 2 paciac Eeo, 6 195 Chi RI&P gn 4s'88. 5 Norway 68 '44. Seneral Eabisc Bervice s : 35 Otis Steel......vsss % + v U S Tobacco (4.40). Washinston: Gas e o It ChiR1& Prf4s'3s 48 3 Norway 65 '52. . Grand Trunk of Canada 65 192 100 Outlet Co pf (7) United Stores (A). 2 Washington Gas 5s A ChiRlcv4ls 22 o 4 s Houston E. & W. Texas 5s - 305 20% Owens Il Glass (27, > A United Stores pf (4). b Wash. Gas 6s, series A .. 1/ Chi R1&P 41852 3 Eeg Washidu 61. . Humble Ol 5'2s 1932.......... 4 Univ Leaf Tob (3 Wash. Gas 6s, series BI.... Chi T H finc 65 60 26 ¢ | Orientdev 5 Laclede Gas Light Co. 55 1934 _— J Leaf Tob (3).. Wash. Rwy. & Elec. 4s . *hi U LD Orient dev New' York Cent. & H. s 1934, 29% Pacific Gas & El (2). 3: ; Univ Leaf Tob pf(8). MISCELLANEOUS. Chi Un Sta 418 '63. 99 99 Novimekes re], S4ias To0d7s 35 Pacific Lixhting (3). Univ Pic 1st pf (8) 3 : Barber & Ross, Inc., 6'ss ST OIS R Ll Eecagmin . Pa. R. R _Co. 6'zs 1936, .. 91 Pacific Mills. : Univ Pipe & Rad. 5 Chevy Chase Glub Blas.. ..... 100 ....:[C& W Ind5i4s’62, 98'% 97 9 Pac T&T 1st bs Poitiand General Blec. 34 id 100% Pacific Tel&Teleg (7) U1 P&L(A) et2] Columbia Country Club 5123 Chile 6360, .54 14 14w EACTEY 't o Bl Orude ‘OIT Co. 5ias 1938 114" Pacific T & T pf (6). 3 Vadasco Sales Corp. 16 W U chia Bk Chile 6561, 184 - 118y | c20 AuiBetcs 3 Southern " Pacific_5s 1934 2 Packard Motor (40c) 3 - % Vadsco Sales pf. p 7 Chile 65 63, 97 18 o I Pan Am Pet 65 '40.. St L LMS Ky R &G. 431938 & Pan Am Pet (89c). .. 4 VanadiumCorp. .. .. 13 STOCKS. Chile 7 20 Paramount 6s* Union O oo of caht. 55 1938 5 Panhandle ProgRef. Van Raalte 1st pf 22 e ; Chile Cop b 63 °47. 55 oriotl g y E Lif. 35 % Vi I 2 PUBLIC UTILITY. 5 4 L BEvieT Virginia Rwy. & Pow 1934 Panhandle P & R pf. ¥ 3 Va-CargChem. . 5 5 Amer. Tel. & Tel. (9) Christiana 6s '54. 80 "aris-Ly M 7s '58 Wabash Rwy. Co. 55 1030..... ¢ Paramt-P(m1.62%p) K 3 Va-Car Chem 6% pf. 3 o | Cabital Tragtion Co. i4). .. 5 25 | CCC&St L 4168 1277 80 3 | Paris-Or51s" skl park Utah o # p VaiCiroChem O 175 Wash, Gus Lt Co. (18)..... s:-.. |Clev Term 415 '77. 923, 90 n e P; Lot N, am (12} & S dger DIVIDENDS DECLARED o o Valeckivr s, S BREY! o0 e T e e re o Chi. Northwestern R. R. 5s 1633 . . 87% North Am Ea pf (6). Chicago Rock Island 4s 1934 .. = Cleve. Lor. & Wheeling 55 1933 ..... 19% Northern Pacific 3) Colorado & So. Rwy. 4!:s 5 @ Bales. High. Low. SeabALcv6s’5.. 16 6% 6 Seine 7s "4 .13 105 104% Serbs-Cr-S17s°62.. 12 46 43 Serbs-Cr-S1 85 '62.. 49 44y Shell Un Of1 55 *47. 64 62w ®hell Un Ofl Gs°49. 6514 Shinyetsu 6158 °5: 594 58 i Sinclair Oil 6%, s'38 75 Sinc O 7scv A 37.. 5 Sinc Cr 0 51%5°38.. 947 Skelly Ofl 53 57 Solssons 65 °36. . a9 Solvay Am 55’42 20 Sou Bell T&T 5 5 100% SW Rell T 5s A *54. 1031 Sou Pac col 4s'49., kil Sou Pac ref 4s°'55.. R6 Sou Pac 4155 '68. .. 70 Sou P 4%s'60 ww. 66 ! Sou Pac 41581 67 Sou P&Or 43%s 17, /4% Sou Ry &n 45 '56. 5015 Sou Ry 58°'94... 91 Sou Ry 6165 '56.... 74 St Oil N J 5= '46 100 StOIIN Y 4%s'51. a0% Sweden 5%s '54... a0 Swiss 545 '46... 1011 Tenn EI P 62 A 47 981 Tex & Ark 5145'50. 71 Texas Corp 5is 5 78% Tex & P5sC . 5 66 Tex & P55 D'80. ., 67 Third Av rf 4s'60.. 18 Third Av 1s Third Av ad; § Toho El Pw 6s B FR A Pathe Exchange (A). i Mo £ 2 6 a"flmm{a‘mp‘fi‘éx L 1% . 'Colomb 6s Jan 61.. 25 24% Penn gn 4%s 65 NEW YORK, Octeber 6 (#).— 4 Patino Mines. Wabash RR. . vash. Rwy, & EL pfd. (5).... Colomb 6s'61 Oct 25 24y b Pe. Pay- Hldrs of s 2 Peerless Moto S 51 Wabash RR (A).... NATIONAL BANK. Colon 011 6s°38. .. 20 20 bl T Company. Rate. riod. able. record. ' Penick & Ford (1). .. Waldort Sys (13).. 2 Capital (14) 2 Colo & Sou 4%s'35. % 94 9 Pl Extra. Penney (J C) (2.40). Walgreen pf (6%). Columbia (12)..:.1 " Kb Colo & Sou 4%s '80. 50% 50% Penn gen 5s'68. Few Hamp Fire Ins.10c .. . 1 Sep. Penneru‘c; gf‘(A 6) A Walworth Co......s e ) A9 Co: g:fi 58 May'52. 86 82 E::: f;fi,’, 356 i 3% Penn Coal & Coke. ... o Ward Baking (A)... Fed.-A) BE & T (@) <ol S cou 5 ' 83 801 e . 5 Penn Dixie Cement. . Ward Baking (B) ..o By o Oy Com Inves 5%s 901 Penn P&L, 43581 Seattle Trust......31.50 Q 3 Penn Railroad (3) A Ward Baking pf (7). O L e . C C Md 1st rf 68’50, 25 Peoples’ Gas 5s '47. Omitted. % Peoples D S pf (6%) " . Warn Bros Pictures. Riggs (135) 2 0 Con G NY 4%s'51. 101 97 Pere Mar 41;s '80.. Am Glanztoff pf_ S175 Q oct. Peoples Gas(Chi)(8) 3 Warner Bros pf 3.85. Second (9e). Con G N ¥ 6%8°45. 97 106% 105% 1057 | £ere M 1st 5s°56.. Inter Plants (Can) Petm Corp of Am(1) 5 : Warner Quinian. ... Washington: (13). Con Pwr Jap 6345.. 20 6513 62 Peru 65 '60 Ponte Bis i WAt Phelps Dodge Co. ... 6 +1% Warren Bros. . TRUST COMPANY. Con Pow Japan 7 Peru 6561 Serv pf Sse Phila&Reading C & I 4| 497 Warren Bros cv pf 3. Amer. Sec. & Tr. Co. (15)....%310 Consum Pow 5 6 Peru 7s 59 Resul Philip Morris&Co(1) : Webster [isenlohr. . Continentai, Trust (8):......00 (0. Copenhag 4% ‘53, 3 9 59 |PhilaCo s 6T Adams (J D) Mfg..30c Phillips Petroleum. . Y . 12% Wesson O11&Sno(2). e e 5 23 Copenhag bs '52 Phila Eiec 4s 'T1 Pierce Ol & 2 3 Wesson O&Sno pf (4) Pri Al Bios & | Gnion Truse By Cuba R R 58 52 35% 35t | Phil & Read 6549, e e sas et Plerce Oll pf . 5 West Pa Elec A (7). Wash. Loan & Tr e Cuba RR 6s ctf '36. 1 Philllp Pet 53 s '39. Power pf s Pierce Petroleum. ... T K 61 West Pa El pf (6) 4 SAVINGS BANK. ! Cuba Nor 5338 "42.. 17 4 33 |Pierce Oil deb 8s. Gint MU pf 71 20% Pillsbury Flour (2) West Pa El pf (7) 7 5 Bank of Bethesda (64) 2 {Crecho 85 '5 4 PCC&SLL 433 '17 Toho El Pw Bonol Toe Co Pireili (A) (m3.13). West Pa Pwr pf (7). 2 East Washington (123 . 2 ‘35" | Crecho 8s 5 .4 P C C&SIL 63 A '70. 9 9 99 |Tokio5%s 61 Pitts Coal pf. . 5 Western Dairy (B).. Potomac (10 - : 3 | Del Pwr&L4%s71 6 9 PCC&St L 58 B " 914 i 991 | Toklo El Lt 65'53.. 9 Pittsbgh Screw & B - " 5 Sec. Sav. & Com. BK. (i%). Del & Hud rf 4s'34. 13 P& WYV 4%sC60 Western Maryland. . 4 : Bk 9 1 = I . Western Ma 2d pf. B | T ST R : Del & Hud 5%8°37. 1 Poland 6s '40. Un Pac 1at 4n 47 Poor&Co (B)...... Un Pac rf 4s 20 Western Pacific § % % ! Washington Mechanics (20). Denmark 4%s'62.. 7 Poland 7s '47 Western Pacific pf. % ! FIRE INSURANCE. Denmark 5%8°55.. 11 Poland 8s ‘50 5 55 Unit Drk cv s Port Ric Am Tob(A). % Western Union (8). American (12) Denmark 65 ‘42 _ 894 | Port Gn El 4%, i oy e Port R Am Tcb (B). Westinghse A B(2) TR TS i |D&RGren4s'36.. 2 Por R Am T 6s LU A SR Postal Tel&Cable pf. Westinghouse (23%). National Union (i3} D&RG W 5855 Pos Tel & C 58 40 | nStw6%s AT, 2 Prairie Oll & Ga Wsthse EM 1st m3% piebi Det E G&R4%5'61. Prague 7% 5 95% | {7d St W 6148A'51.. 81 75 Prairie Pipe Line. 2 INSURANCE. Det Edison rf 55°49 Dresstastos Ud st SA'51.. 3 i Weston Elec Instru.. Columbia (eh) 65 |17 8t W 180" H 1% Pressed Steel Car. .. Westvaco Chlor (2) B Real Estate (6h Deutsche Bk 6s '32. 56 Prussia 6s '52. 28% | Uit SS Cop 6% °37. 2 815 Pressed Steel Car pf. White Mfotors ) % SeTe e ialmoe Dodge Br cl 6s°40.. 45 Public Serv 4s *71 9574 Diuguny 68°80 AU ExooUN SR e 030 White Rock (1434) i Col. Medical Bldg. Corp. (6).... Duquesne 4% '67. 12 PubSv G 4567 101 lgrigmmy8 114 Pro & Refiners...... Col. fa (D Dutch East 165’47, 15 Pub Sv G 4%s°70 101 | Whi! ing Mach. , Sand & Gravel Ji 4 6 Prod & Refiners pf.. B e ot 4 Do Biper Mia pid. s | Dutch Fast16w'62. 11 9; Pure Oll 514837, ARG e P Gk ks 2 X 5 Sec. i 51% Publlc Sve NJ(3.40). h Wilcox Rich A (215). PR L G TR L Reaa gn 4358 A *97. 881y | U] Pw 58 Reading 4% s B '97. B9 Ut Pow 5%s"47.. 90 Public Sve NJ pf (5) 9 9 Willys-Overland. ... . Federal ‘Storage bra; (&) 3 3 B sa‘lvndor 83148 97 Public Sve NJ pf (6) 5 56% Willys-Overland s .-Am. Co. com. i Erie 15t con 45°96.. i 8 ! 5 1125 Public Sve NJ pf(7) 2 3%, % Wileon & Corsreer % -1 Lanston Motobpe (8): 9 |krieconv4sB.. : Rom R 0%a & 41, I4 | vanaatum Stfa41. 5815 22 Pullman Corp (4)... 48 o] 10% 1% Wilson & Co (A). 1% . o | Mer. Tr. & Stge, com. b Erle gen 4s. Epinthor e B4 | vertSus st 7s'42. 11y 5 PureOll. ... 47 A 51% 15 Wilson & Co pt. 16 % | Metpenshates Lingiise (6 CEGR Rnine West 68 52, 6l VINIAR BEORR: oo 1014 6414 Pure Oil pf () 908 T5'| 2% 421 Woolworth (2.40) 50% g Natl Mie. & Inv. prd, 80 % 4 | Eria 88175 Rhine West 63 '63. . g VARV RENEROL: 554 124 Purity Bakeries (3). 42 106% 20 Worthington Pump 25% 4% | Eeoples Druc Siores pid, (612 00 9] Rhine West 63 '55. . o 08 b thassond 80% 50% Wrigley (Wm) (4) 59% i 6% | S ¥ 8to " (4e).. '58... 2 hine West 75 '50.. 5 Wabash 4%s 10% Radio Corp......... 641 s i > g Ter Ret. & Whe Corp. (3 2 Lt b Lippotiiheap S L bt ) 43% Radio Corppf A3%. 3 3 %% ’§¢ P 125‘: Yo Finland Rio de Jan 85 46. ... 7' | wabash 58 B *76... 25% Radio Corp (B) (5). 17 +13 Five(2 s Wash. Med, Bldg. Corp. (1 X a4 . 42% Rich Ol Cal 4 Raybestos Man (16c) 2 ! - — e 2 & : Fla E Coast b: 8 R Gr Do Sul 8: 45 Reading Rwy (4)... 15 3| 5% 1 Zenith Radio....... 8 1% 1% M ohs eag). b o Fram I D 7%8"42.. 90% RIAr& L 4%s'34. 3% Real Silk Hostery 4 14 7 Zonite Prod Corp (1) 44 ' 7% n25c extra. % 4 French 7549 113% 113 Rome 6%s'52... Rels (R) & Co 1st pf. 608 Sales of Stocks on New York Exchange. % i ; French 1%s 41, o REX DRSIAY W 130 PM. M. e Gen Cable 518 '47. 7 West Union 5s '51. l;:: ‘x-fixcoé 3:1;(40:). :é 4 i - Holiday novelty gift wares will be re- | Gen Motors 68 '891 1: ::‘A g:% StL&SF p 1 5s B 50 w:.l Union 5: Republic Steel pf.... 5 ; i T e o A R st et Ctorty of TR rearty datare. | ey o DoCM toWee han, have; db- it S entaan s 1 e 1 cah | tatned in more than 15 years, mapu- 3% % H AL WEO5%5'37 ww. 3 Reynolds Metls(1%) 14 xEx-dividend. sLews than 100 shares. Partly extra. iPius|Now York market m":i"éfi?‘fi"%:fli Bk 48 44 bty i Reynolds Spring. ... 1 4% 1n stock. TPlus 9% 1n stock. & Paid last year—no reguiar rate. | Christmas orders, they explained, have 'Ger Cen Bk 44% 43 16% " 69 Reynolds Tob A (3). 1108 b pavable in stock. & Payable in cash o stock. fPlus 8% in SLOCK. | {netructions to confine the bulk of their Ger Cen Bk 6: 45% 41% Saxon P W 6%8'51. 30 ' Yokohama 6s°61... 35% Reyholds Tob B (3).. 115 38 BFlus 3% 0 stock. i Plus $0c in special prefersed stock. KPIut purchases to articles Which can B fe. German 18 rep 4 604 554 Saxon 7545 32% Yestn S&T Gs A'7S, % Richfield Ofl. T e e o tailed from 50 cgnts to 1. German Bank 75’50 2 4% 43% 6% YgstnS&TSsB'70. 5 75U - 1 @ 23 onmTuenliunanntannnhas oy namnatatormhieionneneR S aannans L 23 o » ed L 2e B FivanTRn~Sunmson b S e = - 8855 (Pitts) Df . Delaware Tr Co {Wil- ‘minzton, Del.)...31.50 Farmers & Merchants Bk (L Beach. Cal)_$3 Federal Amer Co. _30c Do pf I3 L8150 Fifty Associates (Tol) P ...81.50 First Natl Bank (Springfield, Iil) .$4.50 Genl Tire & Rub...15¢c Hawailan Sugar Co 30c Honolulu Rap Tran.35¢ Illinois Nat Bank (Springfield) ......32 Jamestown Tel Corp 18t Df.......$L75 B 558 8 T 88 83! o - 852 L .8 8 » ™ eRB e an o &8 rsey Mortzage aad Title Guar. ... Knudson Cream A.37izc Do. B 37 0. Mont_Pow Co_ pf $1. Natl Carbon Co pf Natl Metropolitan Wi D.C.) <5 . bi 183 a ade sty s 'S 3 & River Insur Northw El Or of 150 Do. 77 1st pf...$1.75 Oahu Ry & Land...15¢ Orchard Farm Pie c $1.75 AL o Gregon Piip & P Co pii...... Outlet Co ist bf Do. 2d pf. 2 Pacific Fin' Corp of Cal (Del) of A. Wabash 5s D ‘80 Walworth 6%s '35. Warn Br Plc §s'39. ‘Warn Quin 6s°39.., Warner Sug 7s *41. West E1db5s'44.. 1 West Md 48 '52.... West Pac 5s 46 Pledm & Nor RR Porcelain E & M 34 B 8t Croix Paper Co. Scab Pub Ser 6s pf.51.50 Seton Leather. . ... .35 ‘Traders Oil Miil Co TPl e e LT United Lt & Rys Co {Del) T2 "or of S811c - e ~aSh SomuSn-auRa~aNNRN S5.88888555 888 L SE5-5Y s MRt DRER © POLOOOOOODD OO © ZOOI0Om PODOM O O PEXOO O KOO D £ 00 o 7DD -