Evening Star Newspaper, October 14, 1931, Page 14

LT ] [ ) riN ANCIAL. SCIENTIFIC CREDIT ment of Loans to Busi- ness Growth. CLAUD! JAGGER, d Press Financal Editor. October 14.—The figyratively _speaking, the position of a Dr. Lionel D. hed work on BY Associa NEW YORK, United _ States, has come to occupy bankrupt Midas, say: Edie. in a_newly tral_bank polic Dr. Edie atiributes much of the cur- rent discquilibrium in the econowic sit- uation to monetary and bankirg poli- cies and calls upon the Federal Re- sorve System and other central banks to take a more aggressive and scien- toward flattening out the ; { “The Banks and . appears at a time when a ar credit corporation is be- \ to supplement the work of Reserve, and when there lderable agitation for liberaliza- of the Federal Reserve act. Credit Control. Edie believes the central banks should determine the normal rate of growth of industry, and the normal expansion of credit needed for this 1 i follow a rigid policy of volume of credit only normal Dr. to take care of seen the dangers of allow- ) to be decided by op- | and expediency of the mo- ment.” he savs. after a review of the | extreme f uations of credit in the vears leading up to the present .\Hua-‘ Yion, and acds: “We finally come out to a specific, constructive principle Which T have called the production st _This is a principle of a Straight-line trend of growth equal to ! the lorg-term trend of productive en-i crprise " v Br. Edie, who is vice president of the | American Capital Corporation and was formerly professor of finance at the University of Chicago, explains that the alternatjve to the policy he sug- gests s “the vicious circle principle of overexpansion _and und(’:‘!m\udall“nl; This has proved dangerous and costly He expresses conviction that we ghall make very little progress in banker control of ity and depression until the ex the economists and the committecs face the necessity of defining concretely how much credit is pert It is as necessary to check speculative ! excesses as to crease credit at a_time of extreme deflation, Dr. Edie rxplmns.“ the central bank policy of ase activity merely eds of trade” wholly this habit of thought to making demand a of policy. It puts the idol of | d on a shrine before which all i officialdom must bow down and wnr-i €hip.” Money Only One Factor. Edie acknowledges that money is factor in the great process of bilancire the econ-mic mechanism of the world, but asserts that this com-; xity is no excuse for inertia on the ! part of central bank authgrities. He describes the intfrrelationship | between money and other factors as follows “A given fluctuation in the meney factor may (a) at times be an initiating impulse in broad industrial maladjust- ments; (b) at cther times an accentu- | ating and aggravating _influence in maladjustments_ originating _independ- ently; (c) at other times a conditioning influence, a factor without whose pres- ence maladjustments would not go to extremes.” Dr. only © Baltimore Markets Bpecial Dispatch to The Star. BALTIMORE. Md.. October 14.—Po- satoes, 100 pounds, 75a1.00: sweet po- atoes, bushel, 35a50; beans, bushel 1.00a1 ams, barrel, 1.50a1.75; beets, ser 100, 1 ; cabbage, bushel, 40a 50: carrots, per 100, 2.50a3.50; lettuce, ser_crate, cauliflower, crate, 30a2.50; 1.75a lima seans, 75a1.10; okra, 2.00a 2.50; hamper. 25a35; onions. ser 1.75a2.00; spinach. sushel, 50a80; tomatoes, hamper, 25a 1.00: canners’ stock, 50260 apples, bushel, 25a1.25; cantaloupes, crate, 1.25a1.75. hamper. peppers, 100 pounds, Dairy Market. young, 20a22; Leghorns. 18a20; old hens, 18a24: Leghorns, old, 12a16: roosters. 12al4: ducks, 12a20; pigeons, pair, 15a20; guinea fowls, pair, 25250, Eggs—Receipts, 696 cases 18226; hennery whitcs. 3 firsts, 28; Western firsts, Butter—Good fancy crea ladles, 20a22; proces packed, 15a16 Hay and Gr: Wheat—No. 2 red Winter, export, no quotations: No. 2 red Winter, garlicky. spot. domestic ; October, 52'g: No- vember, 5: Corn—No. 2 yellow. domestic, spot, 52a52: cob corn, 25022.75 per barrel. Oats—No, 2. wk domestic, spot, 31a32; No. 3. 30a31. Rye—Nearby, 45850. Hay—Receipts, none, starting to arrive in_increasing quan- tities. but so far no official grading has been attempted, seliing being strictly on merit. mand for old hay slow and market dull and quiet, with prices in buyers' favor at a range of 14.00218.00 per ton Straw—No. 1 wheat,. 9.00a9.50 per ton: No. 1 oat, 9.00a10.00 per ton. There were no sales on the Baltimore Live Stock Exchange today, due to the annual live stock show. Chickens, current, 0 New hay is CHICAGO DAIRY MARKET. CHICAGO. October 14 (#).—Butter— ts. 8,260 tubs: firm; creamery, 41,235: extras (92 score), 1,a30; sec- 7 score). 24a standards | score, centralized carl Receipts, 1,933 cases; 26a27; fresh graded firsts, 241, 25 current receipts, 18a23: refrigerator firsts, 181,; refrigerator extras, 20. rm; extr; SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) s Bid. Offer Aliis-Chalmers Co_ 55 E a3ts American Chain Co 95 American Tel & Tel 107% Amer. Wat Wks & Fl ? 97 Baltimore & Ohio 41,5 19 Belding Hemingway Co. 65 Rock Isiagd Cleve. Lor. & Whieling Colorado & Go. Rwy. 4.5 Commercial Credit Co, 5! Delaware & Hudson Co. Denver, & Grande 4! 1or, Acecp. Corp. 65 ;a1 Peiroleum Corp. 5% Trunk of Canada 65 Houston E. & W. Texas 55 Humble Ofl $1zs 1932.. ... .. Laclede Gas Licht Co. 5s 193¢ New York Cent. & *I d4s 1334 New York. Chi. & St. L. fs 1032 Northwest Tel 41ss’ 1834...... Ba R R _Co 6 ESitlind General Eiee EPHUBNE ORCRstee s Sinciair Crude OIl Co Southern_ Pacific 55 St L IMS Ry R & & Pow Chicago Gran Union Elec. Lt Union Ol Wirginia R Waoash Rw TREASURY CERTIFICATES. THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, OCTOBER 14, ]931’.‘ NEW YORK STOCK EXCHANGE . Received by Private Wire Direct to The Star Office. (Continued From Pagg 1 Stock and Bales— Dividend Rate. a2 62 ON1O Oll. .. ve.ee 60 Omnibus pf (A 204 Otis Elevator (2 35 Otis S 2015 Owens 11 » Pacific Gas & El (2). Pacific Lizhting (3). 915 Pacific Mills. 0% Pacific Tel&Teleg (7 Packard Motor (40c) Pan-Am Pet B (80c). Paramt-P(m1.62%p) Park Utah..... Pathe Exchange Pathe Exchange (A). Patino Mines. ... Penick & Ford (1). Penney (J C) (2.40)., Penn Dixie Cement. Penn Dixie Cmt pf. Pern Railroad (3). Peoples D S pf (612) Peoples Gas(Chi)(8) Pet Milk CO.....c.c Petm Corp of Am(1) Phelps Dodge Co. . Phila Co 5% p(i0c). Phila&Reading C & 1 Phillips-Jones pf (7) Philip Morris&Co(1) Phillips Petroleum Pierce Ofl pf. ... . Pillsbury Flour (2) Pitts Coal. . Poor & Co (B) Prairie Oil & Ga Prairie Pipe Line. Pressed Steel Car Proct & Gamk Proc &Gamb pt (§) Pro & Refiners. .. Public Sve NJ (3 40). Public Sve NJ pf (5) Public Sve NJ pf (6) Public Sve N J pf(7) Pub Sve GEE pf (5). Pallman Corp (4).. Pure Oil. ... Pure Ol pf (8). tv Bakeries ( 6 2! 24 101 20 - % =54 - EH = PRt Radio Corp. ... 4 Radlio Corp (B) ( Radio-Kelth-Orph A. 3 Raybestos Man(1.60) 2 Reading Rwy (4)... Reading Ry 2d pf(2), Real Silk Hostery, Remington-Eand. . Reo Motor Car(40¢) « Republic Steel, Republic Steel pf Reynolds Metls(1%) vnolds Spring. .. Tob B (3). Rio Grande Ofl. Ritter Dent Mf} Rossia Insur Royal Dich(m! safeway Strs pf (7). Joseph Lead (1) rancisco npre6).. St Louis Southwn. Schulte Retall Stor seahoard Oil ars Roebuc! Second Natl Inv. Seneca Copper. Servel Inc. . Shattuck(FG) (1% Shell Union Oil. . Shetl Union Oil pf. <ocony-Vacuum 1.60 Solv Am pf ww ( South Port Rico Sug. Southn Cal Ed (2). Southn Pacific (6).. Southern Rwy (m6). Spalding (AG) (1).. Sparks Withing (1).. Spicer Mfx Stand Gas&ELpf (7). Stand Oil Cal (h2%). Stand Ofl Exp pf (5). nd Oil of Kansas. 281, Stand Oil NJ (12). 9%, Starrett(LS) (12%). 1 Sterling Secur (A).. 21 Sterling See cv pf(3) 2 . High. Low. Close. Chge. —1081-— High. Low. 21% 541 B26 1181 1041y 13, 3.) Net. 13% 23 1% 9 % 60 24 4 26 34 3815 10% 5% 7% 0 5 414 61 99 89 % 4% a1t 125 15 200 4n 54 145 6 20'; Thomp- Superior Supector 3 51 Tri-Cont Tri-Cont on Under El Un Tank Unit Am Unit Dy Unit Fru! Stock and Dividend Rate. 4% Stewart Warner... .. Stone&Webster(m2). Studebaker Co(1.20) Studebaker pf (7). Sun O11 pf (6) Sweets of Amer (1). autograph (1.40). Texas Corp (2)vuu. e Tex Gulf Sulphur(3) Tex Pacific Land Tr. Third Avenue. ...... Thompson (J R) (1), Thompson Prod 1.20, 31y Tide Water Asso Oil, 's Tide Water As pf(6), 356 Tide Wat Oil pf (5).. 19'¢ Timken Roller B(2). 1% Tobacco Products. 31, Transamerica Corp Union Carb & (2.60).. Union Oil of Cal (2). nfon Pacifl (103... Union Pacifie pf (4).. ~ Unit Afreraft. . Unit Afreraft pf (3). Unit Biscuit (2 Unit Carbon. 2, Unit Cigar Stores. 4 Unit Corp (75¢) Unit Corp pf (3). Sales— Net. Add 00. High. L. Cloge. Chee. 14 T 18 17% 16% 16% 1 11% 4 1% 10s 100 100 100 108 90 90 90 % % % 5% 5's 12 11% 15'% 15'a 18 173 241 23} - 6n 57x 64 16 8 20% 3% 27 35'% 22% 214 -t % Ofl.o e Steel tar pf (3%) 1Corp..... 1 Corp pf(6) Steel (60, CAr (1.60).. Bosch ). wood pf (7) it (4). Unit Gas&Im(1.20) ., Unit Gas&lm pf(5).. U S Distributi IS Gypsum (1.60).. Indus Alcohol. .. Pipe Pipe& & Fdry ( 15t 1 ). Realty & Imp(1) Rubl Rubber ver. tof. Sintg & Ref (1)., Steel Corpn (4).. U S Steel pf (7 U S Tobacco (4.40) .« United Stores (A)... United Stores pf (4). Util P anadium Van Raalte. Van Raalte 1s Va-Car Chem 6% b Va-Caro Chem pf (7) cc& Pwr pt (6). Vulcan Detin (4) 60 17 1% 109 48 86 Vakl 32 Walwort Ward Bal Ward Bal 41 108 260s 108 8Os t. h'Co.. King (B). King pf (7). Warn Bros Pictures. Warner Quinian. ... Warren Bros Wesson O11&Sno (2 West I'a West Pa West Pa West Pa Western w Western pr6). Elpt (1)... Pwr pf (6). Pwr pf (7). Dairy (B).. 10s 102 60s 111 e Union ( inghse A B(2). Westinghouse (21g). Wsthse M 1st m37% Wilcox O1l & Gas. ... Willys. Wilson & Co (A) : Woolwor Wright A Wrigley rth (11.40)., Worthington Pump. erland. ... 10 40 cal 108 owne (2)... « Yellow Truck a2 Yellow T 7 Zonite Prod Corp (1) Sales of Stocks on New York Exchange. dend rates as giv cash payments based on the latest quarterly or half tions. XEx-dividend 4% in stock. fPlus 9% b payable in stock. n Plus 2% in stock. 37 in siock. stock. © Pius 21a% in 1y sLess than 100 shares. e Payable in cash or 3 Plus 50c tn m Paid this year—no regular rate. ruck 0,000 ).000 00 Noon 0 P.M. 1 in the above 700,000 +. 1,300,000 re’ the annual arly decla: fPartly extra. 3Pius sear—no reguiar rate. ck. f Plus 8% in stock, preferred stock k Plus nPlus 5% 1in in stock. a Paid la; peci; stork. COTTON CONSUMPTION. INCREASE REPORTED By the Associated Press. Cottom consumed during September was reported today by the Census Bu- reau to have totaled 463,704 bales of lint and 63,866 of linters, compared with 425,819 and 60,729 during August this year and 393,390 and 63,308 during Sep- tember last year. Cotton on hand September 30 was held as follow: | In consuming establishments 775.523 bales of lint and 202,523 of linters, com- pared with §39. and 230,589 on Au- gust 31 this year, and 970.988 and 205.158 on September 30 last year n public storage and at compresses, 6.296.546 bales of lint and 38820 of | linters, cofmpared with 4,426.154 and | 42,621 on August 31 this year, and, 5.241,062 and 69,085 on September 30 last year. Imports for September totaied 5426 bales, ccmpared with 7,236 in_August this year, and 3,304 in September last | year. | Exports for September totaled 55&192‘ bales of lint and 4,331 of linters, com- pared with 211,030 and 5.244 in August this vear, and 902,956 and 5,896 in Sep- tember last vear. Cotton spindles active during Septem- | ber numbered 25,236,916, compared with | 25,622,526 during August this year and 26,066,510 during September last year. WOOLWORTH VOTES $2 EXTRA DIVIDEND /By the Associated Press. NEW YORK, October 14.—F. W. ‘Woolworth Co. today declared an extra dividend of $2 a share in addition to the regular quarterly disbursement of 60 cents. The extra is payable Novem- ber 15 to stock of record November 1 and the regular December 1 to stock of | record November 1. This was a welcome break for Wall Street in the long chain of dividend reductions. It had been expected, how- ever, some observers looking for an in- crease in the regular dividend rate, as well as the distribution of an extra payment. The surplus of the parent company was considerably increased a few months ago by the recapitalization and public sale of securities of the British subsidiary, and it had been ex- pected that the company would take some action toward distributing part of this surplus to the stockholders. HONDURAS FIGHTS FORT Guatemala Requested to Suspend Military Structure. TEGUCIGALPA, Honduras, October 14 (A, —The Honduran government sent a protest yesterday to the government of ‘Guatemala demanding cessation of construction of what it said is a mili- tary structure at Rio Tinto, on Hon- duran territory, nesr Borden. The statement, it_was announced by the foreign office “last night, alleged the Guatemalan operations were in vio- lation of the border treaty negotiated at W2shington a year ago. S Trish people who returned to the old country from the United States in the first half of this year numbered more than double the emigrants who left Ireland in the same period. | cepleted by | Governor of Virginia.” " | Business Notes | NEW YORK, October 14.—Although | the number of buyers registered in the \I\'EW York wholesale merchandise market curing the week ended Tuesday was | above the total for the preceding week, | it still remained well below the figures | for last year, according to lists published | in the New York Times. For the week | 791 buyers were listed as against 735 in | the previous week. and 994 in the corre- sponding week of 1930. | Active retail trade has ended for the time being at least, the lull experienced | for an extended period in the New York | wholesale markets, trade reports said. | Substantial orders to round out stocks the holiday purchasing wave were reported in many lines of | merchandise. The view was expressed | that with cold weather immediately ahead, release of both consumer and re- | tail buying power will give a far more | arimated appearance to wholesale trade. | | Millinery deriving its inspiration from | the Italian rennaissance is being fea- tured by a leading New York store. The models are based upon extensive re- search conducted by individual members. of the Societe de Modes de Paris, Inc. composed of leading style creators of millinery. The styles feature beret treatments fashioned after the hats worn by the men of Florence, including | the poets, warriors and other leading figures of the period. ‘The heavy volume of orders for men's wear received by resident offices in New | York indicated that out-of-town stores | enjoyed a satisfactory business on Co- | iumbus day, buying houses reported. EX-GOVERNOR STUART SEEKS FARM RELIEF Asks I. Cy C. to Force Railroad | to Give Him Special Freight Rates. By the Associated Press. Henry C. Stuart, former Governor of Virginia, yesterday asked the Interstate Commerce Commission to order the Norfolk & Western Railroad to pay him $10,000 damages because he was refused drought relief freight rates last year. Stuart, a wealthy farmer and stock raiser, lives in Russell County, Va. He | said in his petition that during 1930 he lost $100,000 in farming and cattle rais- ing, duc partly to refusal of the rail- | roads to grant him special rates allowed other farmers. He expressed the belief he was the only farmer in the drought area of Virginia denied these rates. Stuart said 80 per cent of his income was derived from fasrming and cattle raising. He added he had been in- formed by railroad company agents that he was entitled to the rates, but after permits were issued they were canceled. The reason given for cancellation, he said, was that he was not a ncedy farmer, but a millionaire and a former METAL MARKET. NEW YORK, October 14 (#).—Cop- per steady; electrolytic, spot and fu- ture, 7. Tin steady; spot and nearby, 23.37; future, 23.70. 1Iron quiet; changed. Lead steady: spot, York, 4.00; East St. Louis, 3.82. easy; East St. Louis, spot and future, 8.45. Antimony, 6.50a6.60, ~ A.T.&T. EARNS $2.11 A SHARE IN QUARTER Nine Months’ Profit Covers Divi- dend Requirements—Gifford Announces September Gain. By the Associated Press. NEW YORK, October 14.—The Amer- ican Telephone & Telegraph Co. earned $2.11 cents a share 1n the third quar- ter this year, or 14 cents a share less than the dividend requirement for the period, the report for the first nine months, issued today, disclosed. However, per share earnings for the nine months amounts to $7, or 25 cents above the dividend for that period. Net income for the nine months amounted to $128.456.315, equal to $7 a share on 18345713 average shares | outstanding during the period, com- pered with $123.450,182, or $8.13 a share on 15,184,389 average shares, in the corresponding period last vear. A statement by Walter S." Gifford, president, said that during the first nine months the Bell System had a net loss of about 207,500 telephones, or | 115 per cent of those in service at the beginning of the year. “For September, however,” the state- ment said, “there was a net gain of 12,500 telephones and the usual sea- sonal increase in .long-distance calls. Special sales effort is being made with the view of improving growth in the | number of telephones and increasing the use of toll and long-distance serv- ice.” BALTIMORE LIVESTOCK AWARDS ARE ANNOUNCED Special Dispatch to The Star. BALTIMORE, October 14.— Steers valued at approximately $500.000 are judged in the third annual Baltimore live stock show, held in the Union Stock Yards. There are two departments—A, com- prising steers from the Western States, | and B. the cattle from the Southeast- ern States, which Pennsylvania, Virginia, and the Gulf States. Each department is divided into two classes. under 1.100 pounds and over 1,100 pounds. After each carload has been inspected the judges will decide between the best from the West and include Maryland, the Carolinas | the winner of the Southcastern divi- sion. It was announced that the Pennsyl- vania State College tcam, winner ‘in the judging contest with 6,338 points, would go to Chicago next month to preside at a show. Connecticut Agricultural College was second with 6,213 points, and Univer- sity of Maryland third with 5,665. Five men were on each team. The Marylanders were W._Miles Hanna, White Hall; Ralph L. England, Rising Sun; James W. Stevenson, Pocomoke City; Howard L. Steir, Glenelg, ‘and Norman Shriver, Emmitsburg. Held in Budapest Train Wreck. VIENNA, October 14 (#).—Silvester Matuschka, & Magyar, was arrested here Monday on a charge of having v | caused the wreck of the Budapest ex- press train at Torbagy, Hungary, a few thm'mflnlhthehun!n ves. 4 > | per cent. | mark for the year, th — FINANCIAL, IBONDS ARE LOWER | Cexvex vore BONDS o sxemmnez] (BOSTON SHIPPERS ON FIRMER MONEY Advances in Interest Rates Given as Reason for Drop in Quotations. - BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, October 14.—Bonds sold lower teday in moderately active trading. Right from the opening the market was affected by the decline in stocks ! and by uncertainty over the foreign sit- | uation. But probably the chief reason for the resumption of selling in the high-grade groups was the evidence that money rates were going higher, “ | contained in another advance of bank- ers’ acceptance rates. Time money quotations were firmer, with some 90: day loans reported placed at 314 to 3 remained at 3 per cent. ing. Great Britain 5's, which are usually inactive, sold at 70'4, off 435 points frem Tucsday's close. Great Britain 51,5 aropped a point. German dol- lar issues were unchanged to fraction- ally lower. French, Belgian, Dutch, (Itallan, Austrian and other Europcans also declined. The Japanese group were fractionally under thsir previous close and as active as on Tuesd Domestic bonds were in sem demoralized _condition. Many high- grade municipals were without bids and United States Government issues were ranging downward again. Rail bonds such _as_Erie 5s, Missouri-Pacific 55 and St. Paul 55 were somewhat lower. High-grade bonds, like American Tel phone 55 and Atchison General 4s were firmer. Japanese government issues were sub- jected to a heavy volume of delayed delivery sales—usually a sign _either of foreign selling or of short selling—but prices held fairly steady mecst of the time. The 625 sold close to a 7 per cent yield basis and the 5!s sold around a 640 per cent yield basis. These vieldsgire about 1 per cent better tha thoss on the cream of foreign dollar foscriptions, such as French 7s and 1.5, Swiss 51.5 and Great Britain 5125 but even this group was heavy today owing to nervousness in Europe ov-r the German and British political situations and the Manchurian crisis. LOADINGS OF FREIGHT AT HIGH MARK FOR YEAR Revenue freight loadings ,for tre | week of October 3 reached a new high total being 7 837 cars, the American Railway ciation anncunced today. The previous record for the 291 cars, in the weck of May The wee! | of '39.808 cars over the previous weck but was a reduction of 193.418 cars | under the same week a year ago, and 1402.110 for that weck two vears ago. All commodities shared in the crease. | Thus far this year. loadings are | running nearly 7.000.000 cars behind 1930 and 12,000.000 behind 1929. . t in- Canadian Valuation Canceled. The Canadian valuation of per pound on lettuce. establis 23, last, for import duty Ibeen canceled effective O Commercial Attache Lynn W. has advised the Commerce Depar ment. The duty of per cent ad valorem. according to Meckins, on let- tuce will be based on the fair market value as sold for home consumption at the time and place of direct ship- ment to Canada. 5 cents d April poses, has ober 8, Meckir Washirigién Stock E;(change SALES. Pot. Elec. Cons. 55—$1,000 at 102, $1,000 at 102. | wash. Gas 6s A 00 2t 100. | Wash. R. & E. pfd—1 at 934, AFTER CALL. Gas 5s—$500 at 1011, R & E. pfd—9 at 94 Gas 55—$1.000 at 1011.. Gas 6s B—5100 at 101, NOTICE. By action of the board of governors the Saturday's session, beginning Oc- tober 17, wiil be held at 10:15 instead of 11:15 until further notice. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tel. 4'us Tel. & Tel ctl. tv R Guar. 5 of Va Capital Traction R. R. bs. City & Suburban 5s ¢ Georsotown Gas_1st s lec. Cons. 5 Potomac Elec. 65 1953 - wash., Alex. & Mt. Vernon cii. Washington Gas 4’ Washington Gas 5s vash. Gas 6s. series vash. Gas 65, series B Wash. Rwy. & Elec 4s.. MISCELLANEOU! Barber & Ross. Inc.. 6! Chevy Chase Club 3as Coiumbia Country Club 5 . 'C. Paper Mfg. 65........ W. M. Cold Storage 55... STOCKS. PUBLIC UTILITY. Amer. Tel. & Te!. (9) Capital Traction Co. Wash. _Gas Li. Co. (18). N & W. Steamboet (12) Pct. Elec. Power 67~ pid Pot. Elec. Power 5'.% Wash Rwy. & El Wash. Rwy. & Elec. pfl. NATIONAL BANK. Capital (14) z Columbia (12} Commercial (stamped) (100" Bistujob 8. coin i . Fed.-Am. Natl. Bk '& Tr. @) Liberty (78) Lincoln (10 Metropolitan Riggs (158 .. Second (9e) . Washington (13) 5 TRUST COMPA! Amer. Sec. & Tr. §o. (15). Continental Trust"(6).... Natl. Sav. & Tr_ (128).0... Prince Georges Bk & Tr (6). Tnion Trust (88)......... Wash. Loan & Trust (14). SAVINGS BANK. Bank of Bethesda (6%). Coml. & Savings (10).. East’ Washington (12).. Potomac (10) . Sec. Sav. & Com, BK. (i7) Seventh_Street (12) United States (30) Wash. Mechanics (20) FIRE INSURANCE. American (12) E { Corcoran (10 Firemen's (8 3 National Union (15) TITLE INSURANCI Columhia (6. 2 Real Estate (6h) . MISCELLANEOUS. Col. Medical Bldg. rp. (6). Col. Sand & Gnvefov& o D. 'C. Paper Mig. pfd Dist. Natl. Sec. pfd. (7)... Emer. Bromo-Selz. “A" (2). Federal Storage pfd. (8 Fed-Am. Co. com. (1. ES5afon Monotype (1) Mer. Tr. & Stge. com. (i0). Mer. T & Stge. pfd. (7). Mergenthaler Linotype (6) Natl. Mtge. & Inv. pfd. (8 Peoples Drug Stores pid. ( Real Est. M. & G. pfd. (8).s Sccurity Storage (4e). Ter. Ref. & Wh. Corp. {3} ‘The_Carpel Corp. (2) ‘W. Mech Mtge. com. Wash. Med. Blds. Corp. 9 Woodward & Lothrop com. (1.20) 25 oodward & Lothrop pfd. (7).. 107 PBSoky cloned. $3T iR, 7a. 35¢ extr 372 extra. 300 extrs xtra, e Rt wWash. | Wash. Wash, wash. Bid. Asked 1 % ‘A ii4 Shsusn sy SEEEEaRERE 2 NY. E. The official rate, however, | The market was lower at the open- s figure showed an increase | Received by Priva UNITED STATES, (Sales are in Sales. Lib 3% 32-47. 13 1 L1st4%s3: 2 %8 41-43., 2 US3%s43-47., 45 US3%s46-56., 7 45 44-54, US 45847 Abitih1 P&P 65 °53.. Alleghany Cp 55 44 | Allegheny 55749, .. Allegheny 58 '50. .. Alli-Chalm 65 ‘37, Am Chain 6533, AmF P is2030... . AmIGChbis 49 Am Intl 5138 Am Metal 5338 Am N Gas 615542, 8 Am T&T c tr b3 Am T&T 55 5 £ '60 |Am T&T 53543 Am W Wk 5534, Am Wat Wks 6 jArrentine 5345 Argentine May 61, Argentine 6s Ju'59. Argentine 65 0c'59. Argentine 65 A '57. Argentine 65 B Arm & Co 4%s'39 Arm Del 515843 Atchis 45 1905-5 Atchison gn 4s "9 Atchis ev 435 48 Atch Ariz 412562, Australia Austria 75'43..... Austria 78 '57 ctfs. B&O4s"48....u00 B&O4%s'33. . B&Ocv4%s’60. B & O 1st 5548, B &0 5s D20 B&OP&WYV 4341 B&O Swdv 58’5 P & O Toledo 4s Bk of Chile 6155 | Bk Chile 6%s '61. | Belzium 6. ! { Bell Tell Pa o5 C | Berlin C: erlin ¢ | Bkl Bkly Ry { Bu n Un 1st 845, . 108 A 65°61 I dapest 6s ft G, Canada 45 ‘6 nada 4 &Q 11l dv 4s 49, st 5s'51. . rt West 45’59, 2 CM& St Padj hi&NW 4155 C&NW 4155 Chi& NWen4 “hi & NW 645 36 Chi Rwy's 55 '27 Chi R1& P rf 4534 *hi R 1cv 4355 '60. ChiR1&P 45 H&SE 0 5560, Chi Un Sta 4138 '63. Chi L 5 Chile 65 '60 Chile 65 '61 Chile 65 '63 D db 58 Clev Term 414 Cologne 61:s Colomb 6s J Colomb 68’61 Oct. . Colon Oil 65 '38. Com Inves 51554 C Md 1st rf 58'50. 3 4348°51. 117 NY 513545, 51 Con Pwr Jap 6% | Con Pow Japan Consum Pow 5s 52 Copenhag 5s Cuba 515545 Czecho §s ‘51 Czecho §s " Del Pwr&L 4%s 71 Del & Hud rf 4 Del & Hu Denmark 4 Denmark 5 Denmark 65 Denver Gas 58 D& I Grends D& DR Det Det 4. Dodge Br cl 65’40 Duquesne 4 67 Dutch East I Mar Dutch East 1 Nov. Dutch East 165'47. Dutch East 168'62. East CSug 77837 Erie 1st con 4s ‘96 Erie con 4s A '53. Erie gen Eriecv Erfe 3s'75. ! Flat 7s war Fiat 7s ex v Finland 533s '58 Finland 6145 ‘56 Fram | D 7%s'42 French 78'4). French 7%s Gelsenk’hen 65'34 Gen Baking 5% Gen Cable 518 47, Gen Motors 68 '37.. 26 Gen P Sv 51539 Gen Th Eq 6s'40.... German 515 '65. .. 103 German Bk 6s'38.. 16 Ger Cen Bk 63'60 J 48 Ger Cen Bk 6560 0 25 German 7s rep *49. 11 German Bank 7s 50 13 , Goodrich cv 65 *45.. 21 Good 15t 6%8'47... 5 Goodyr Rub 58'57. . 21 GrandTr st db 65'36 6 High. $1.000.) Low. 931 9927 100 95 12 96 12 98 4 98 6 98 12 385 38 1031 100 40 70 100 &1 79'% 1004 81% 801, 8515 921, 70 82 | 2:55. 99 31 100 16 100 10 100 10 100 20 95 20 96 26 98 16 98 16 98 16 100 16 101 20 103 26 100 16 95 20 96 26 98 14 98 16 98 16 100 16 100 16 100 24 101 15 102 16 103 Bales. Hieh. Low. 2:55 384 44 4014 34% 91 94% 10315 100 20 100 o 64 16 PIeH 100 101% 2 1054 920 72 5414 56 51 5013 8% 78% 40 511 90% 109 100% 40 9315 54t 100% 89 15 31 378 35 36 : 58 ' 38 49 76 80%: 26% 49% 1 81% 96% 2815 31 3515 9815 10315 79 84 102 8815 881a 91y 9% 9 72 541 56 52% 52% 78% g 51% 90% 110% 110% 43% 9315 54a 00% 89 15 32% 3714 35 36 58 38 49 76 80% 96% 1 Wire Direct to The Star Office Bales. High. Low. 2:55 Grand Trunk 7s'40. Grt Nor 414876 D. Grt Nor 4%s 17 E.. 6 12 10 22 . BT Grt Norgn 5%s Grt Nor gn 75 '36. Halt! 6552 HavERL& Hock Val 47599 Hoe & Co 6148 '34 Hud & M adj 55 67, Hud & M rf 58 '57.. Humble Ofl b5 '37. . Humble O 5532, 111 Bell Tell 55°56. ., 111 Cent 43 °53.... .3 111 Cent rf 48 55, Il Cent 4% "66..... [l Cent 6145°36. ..., Il CCStL&N 4%s., 11 CCStLAN s A.. 11l Steel 4348 *40 Inland St 4,5 A'78 Inland St 4348 B'S1 Int Rap Tr 5s'66. .. Int Rap Tr sta '66.. Int Rap Tr 65°32... Int Rap Tr 78 32 Int Cement . Int & G N ad 65 '52. Int Hydro El 6s°44. Int M Co 5sret'41.. Int Match 55 '47.... Int MM col tr 65’41 Int Pap 6s '55. INtT&T4%s Int T&T cv 4%s" IntT & T 5855 Italy Ts'51. Jugosl Bnk 75 '57 Kan City Sou 3s' Kan City Sou 55’50, Kan City Ter 45'60. Kan G&E 414580, Karstadt 6s'43. Kresge Found 6536 Kreug & Toll 55'59. Lac s34, Lac 5138 C'53 Laclede 53,5 D "60. Lake Shore 315 '37 Lautaro Nit 65 ‘54.. Leh Val ev 45 2003, LehVen 43552003, Leh Valley 55 2003, Lig & Myers 55 51. Lig & Myers 75’44 Loew’s 63 ex w "4 Lerillard 5s Lorillard 5% La & Ark 55 '60. L & N uni 4540 Lvons 63'34.. McKes & R 513 5°50, Manh Ry 1st 45'90. Market St 7s '40. Marseille 65 '34. ... Mex 45 astd 1910'45 Midvale St 65 '36. . MIIERy & L 5561 Mil El Ry&Lt 65 *71 M StP&SSM cn 4s., M K & T 1st 4550, MK&T prln 55A'3 Mo Pac gn 4 Mo Pac5s A'6 Mo Pac 5s F Mo Pac 58 G Mo Pacrf 5s'81.... Mo Pac 5138 A '49., Mont Pow 5s " Montevideo s " Montevideo 7s . Nat Steel 55 '56.... 49 Netherlands 6s'72. 11 ng T 1st58'52.. 1 NOT&MGb%s 54, Nw S Wales is Nw S Wales 55 Y Cent 4348 2013. NYCnrf4lys 2013, NYC rf Im 58 2013. Y Edisn 53 B'44., Y Fd 1st 6% 741, " ELH&P 4s H&H 45 '56. .. H&H 4567 H&H cd 65'48. W olst 4802, Y St Ry 413562, NY S&W 1st 5537, NY S&W gn 5s '43. NY W&B 4%s 46, | Nia Sh Md 5%s5'50. Nord 6135 '50. . Norf South 55 '61.. Nor & Wn cv 4896, No Am Co 58 '61. Nor Am E 5%s5 '63. Nor Pac 3s 2047. or Pac 4155 204 or Pacr 168 2047. Nor St Pw &s A "41. Nor St Pw 6s B "41. orway 58°63..... orway 5%s'65... orway 6s 43 Norway 65 "44 Norway 6s 52 Oreg-Wash Orient dev 6s'53... Pac G&E 58 '42. Pac T&T 1st 58 "37. Pac T&T rf 58 '52.. Pan Am Pet 6s'40.. Paramount 6s°47.. Paris-Ly M Paris-Ly M 7 Paris-Or 5145 ‘68 Penn 414 s D ‘81 Penncv 4148 60. Penn gn 4738 °65. Penn 4%35°70 Penn 4%s'63 Penn 55" Penn gen 55 '68 Penn 6%s '36 Penn O&D 4148 Penn P&L 4128 '81. Peor & E 1st 45 '40. Pere M 1st 4s'56. .. Pere M 1st 5856 Peru 6s°60. Peru 6s'61. Phila Co 556 Phila Eiec 4 Phil & Read 6s '49. Philippine R 45'37. Philllp Pet 5% s '39. Pillsb F M 65 "43 PCC&St L 5s B Poland 6s '40 Poland 7s '47, Poland 85°50. . Port Gn El 413560, Porto Alegre 8s'61. Por RAm T 6s'42. Pos Tel & C 55'53.. Prague 7% '52. Prussia 6s'52 Public Serv 4s°71.. PubSvG 4%8'67.. Pub Sv G 4%s"'70.. Pure Ot1 51%%'37... Queensiand T.. Queensiana 7s°41.. Reaa gn %8 A '97. Reading 4% s B ‘9T, Read Jer Cn 4851, Rem R5%s A '47.. Rhinelbe 7s *46.... Rnine West 65 °52.. Rhine West RindeJan 6%s'53, Rio de Jan 8s'48 R Gr Do Sul 656 Rome 643 '62 Roy D48 46 ww... StL IM R&G 4s' St L&SF In 48 StL&SF 41%s5°78. StL&SF p16s B '50 StP&KC SL 4%s'41 St P Un Dep 5872, San A & A P 4s'43. Sao.Pau 78'40 ret, . Sao Paulo 8s'50... Saxon P W 6348’51, Saxon 78'45....... 1 Seab A Licv s 45, Selne 78"43.7., . 7% 778 9% 917% 101 75 30 92 445 58 RAY, 1005 100% 1041 54 57 50% "6l 4614 57 100 £8% 53 101% 100 77 6% 79 91 100% 75 27% 91 4414 57 R84 100% 100% 1041 5313 57 49 8615 5 10215 104 100 T 6% 79 91 100% 5 27% 103 104 104 o204 1515 70 95 978, 9315 833 1005 88 8t 8413 991 100 1041 20 71 9515 98 9315 831, 100 104% 883, 5512 67 101 8 51% 2214 28 354 T%h 104% BARSTRIKE PARLEY Refuse to Treat With Long- Ishoreman Ousted From %G International. By the Atsociated Press BOSTON, ~ October 14. — Boston's steamship companies yesterday de= clined to treat with the 3,000 longshore- men who left, their employ three weeks 8go in protest against a new wage schedule. The shippers refused to negotiate with other than “accredited represent tives” of the International Longshore- men’s Assoeiation. By this they in- ferred that they considered all union longshoremen in Boston outside their parent organization, inasmuch as one of the three locals here had its charter revoked and the remaining two were sympathetic to this body and antag- onistic to Joseph P. Ryan, president of the internationa Ryan came h but was unable to arbitrate the stri He returned to New York, announced that the strike ked the approval of the interna- tional and he also revoked the charter of the Boston local for failure to pay dues. After the conference today, called to act on the workers’ overture for arbi- tration without t ence of Ryan, the shippers said they intended to con- tinue the employment of non-union workers to replace the ers and that strikers who applied for work would be given jobs “when they are available.” The ‘shippers is the culmination unsatisfictorv rel: steamship _lines waterfront workers. Radicals e union have been responsible for this condition. We have been d 1o employ non-union workers to keep the commerce of the port moving and these men are giving satisfactory service. the tub, 36. Eggs—Hennery, 33a35; current re- ceipts, 20a2 s, old Aoms, 202 young toms 2 30; chickens, 3 pounds and ove pounds, 20224 bro 23a25; hens. 20; Leghorn 14; keats, voung Poultry. dressed—Tu 25a30; young toms and hen 222 pour small, 23: hens, 18a20: roosters. 16218 {land ducks, 18a19; keats, young, old. 30a40, Meats—Beef. prime, 1 16a16.; good. 15al5 { cow. 10a11: la: 15a16: veal, top to medium pounds, 21; 15 pounds, smoked hams. 20a lard. in buls. 9° 11: compor Live sto medivm pigs, 5.002 5.0029.00° ., old toms, 35: chick= hams, ip baco apples, stock] 2523 box pears, 3. grapes, Concor Zinfandel. Thompson _spedless 1502200; pineappl 1.50a1.75; plums bana 502225, Potatoes. 150-pound sacks, p 100-pound per bushel, quinces. | casabas, Vegetables Id: sweef California 100 bunches, bunches, 1.95: 250 squash, 3.50; lugs. 2 4.0025.00 Florida, Winter squas 0-pound sacks, 1.25: corn, fivee N s, 1 . 2.5023.00: mush- rooms, 90a1.00; peppers, 75a1.00; turnips, 75a1.00. Blast Kills One, Hurts 37. GEMERSAL. land. October 14 ().—One woma s killed and thirty= ed here yestere day in a mysterious explosion at Burne ley & Sons' worsted mill. one of the largest in the country. Eight of the in- jured were taken to a hospital. . Low. 44 47 6015 2:55. Serh: Shell Un Oi Shell Un Oil inclair Of1 Sinc O 7scv A Sine Cro 5l Sine P L 5542 Skelly Ofl 534 s Sofssons 6536 Solvay Am 5s42.. Sou Bell T&T 58 '41 SW Bell T 5s A '54. Sou Pac ref 45 '55. Sou P 4135 '69 ww Sou Pac 4145 ‘81 £ou P&OT 434577, Sou Ry &n 45 ‘36 Sou Ry Sou Ry 6145 '56. StOIIN J 5546, StOfIN Y 43%s'51. Sweden 5% '54. Swiss 515 '46. Taiwan E P 5%s8'71 Tenn EI P 65 A '47. Texas Corp 5s "44 Tex & Pac 55 B " Tex& P 5sC Tex & P 55 D '80 Third Av rf 45’6 Third Av adj 5560 14 Toho El Pw 6s '32 Toho El Pw s '55.. Toklo 5% "61 Toklo El Lt 65 '53 Un Pac 15t 45 °4T.. Un Pac 45 '68. Un Pacrf 4s 2 Un Pac 4%s '67 a3 844 £6 35, 94 . 10214 a3, 96 52 28 30 a0 34 Unit SS Cop 65 "37. Uruguay 6s°60. Uruguay 8s ‘46 Utah P& L 58 '44. Util Pw 55’59 ww Util Pow 518 '47. Vanadium St 55’41, Vert Sug 1st 7s'4 Vienna 6¢ 52 Va Ry & Pw VaRy 1st 5562 Wabash 4%s '78. Wabash 55 B 76 Wabash 5s D 80 Walworth 65 A Walworth 6325 '3, ‘Warn Br Pic 6s'39. ‘Warn Quin 6s '39 Warsaw 75 58 Wst Sh 1st 45 2341, West Eldb 5544 West Md 4s '52 West Md 5% s West Union 55 '31.. West Union 65 60, Wes: Un 6155836, . WEOGL%S 3T ww. Wh Sew Mch 6540 1 Wick S ev et 7835, 10 Wil & Co 1st 6341, 15 Yokohama 6s '61... 30 YgstnS&T 6s A Ygsto S&T 53 B” 1 5 l ’