Evening Star Newspaper, October 18, 1931, Page 73

FINANCIAL. TRADIG N U * TURNS IRESULAR Bains and Losses Are About Evenly Divided at Short Session. BY JOHN L. COOLEY, Associated Press Financial Writer, NEW YORK, October 17.—The curb market went through a routine week end session today. Profit-taking brought small losses in some cases, but 1n general the tone was steady and net changes were inconsequential. Trad- ng was very dull. Comparatively few utilities partici- rmd in the session and gains and losses were distributed rather evenly. Electric Bond & Share, closing at 19%, | was off half a point. Smaller net de- clines developed _in and Associated Gas A, but Brazilian Traction and American Gas held firm. In the ofls, Standard of Indiana re- acted moderztely under realizing sales, Ohio Standard rose a point. Gulf eased fractionally. Cities Service ended the weck at 7%, or iy above Friday's final quotation. Pennroad continued to reflect recent {mprovement in the rail issues, advanc- half a point to 43, _Specialties did" little or nothing. Ford, Ltd., Woolworth, Ltd., and Stutz moved within small fractions of yesterday's close, Wage Plan Approved. NEW YORK. October 17 (#).—Ap- proval of the Swope plan to guarantee | minimum weekly wages of $15 to shop employes between November 1 and April 30 has been approved by 98 per cent of the factory workers at the Schenectady, N. Y., plant of the Gen- eral Electric Co. Balloting on the issue will be continued throughout the re- | mainder of the week. The plan will be adopted at this plant, as a sufficient number of workers have signified ap- | proval, HOW IS B In Line NEW FIRST VICE PRESIDENT OF A. B. A. United Light A | FRANCIS H. SISSON, Elected at Atlantic City first vice pres- ident of the American Bankers' Asso- clation, which means he will top the official ladder next year. He is vice | president of the Guaranty Trust Co. of New York and a personal friend of several Washington bankers. No New Bond Issues. NEW YORK, October 17 (#).—There were no new bond Issues marketed dur- ing the past week. In the preceding week offerings amounted to $12,000,000 and in the corresponding week last year the total was $127,208,000. ) Consolidated Railroads of Cufla today announced a wage reduction of 15 to 25 per cent, applying to all classes of work- ers, effective November 1. USINESS? Showing Current Business Activity Compared With Same Week Last Year. GENERAL BUSE: York City. Sh lous year. Black areas indicate declines s show weeks of activity above the corresponding weeks of the from same weeks 12 months earlier, ACTIVITY BY FEDERAL RESERVE DISTRICTS. Check Transactions compared wi th the same week a year ago. clc?mnh Richmond | "LEADING BA ROMETERS. Showing Trend of Important factors. Business in dollars (checks cashed). Employment (Department of Labor) . Wages (Department of Labor).... Cost of living (Indust, Wholesale prices Agricultural prices (Department of Agri Movement of goods (car loadings) Retail trade (Federal Reserve Board Building contracts (F. W. Dodge) . Failures (Dun's).. Bond prices (Annalist) Stock prices (Annalist).. Stock market volume (shares traded) . Conference Board). (Fisher's Index)...... Present trend. Upward Steady Downward Steady Steady Downward Downward Downward Upward Downward Downward Upward Upward ulture) (All rights reserved, Camibridge Assoclates. Boston.) _V?AéfiE\GTON STOCK EXCHANGE EAR 1931 (Reported by W. B. Hibbs & Co., Hibbs Building, SALES OCCURRING ON THE WASHINGTON TO DATE hington, D. C.) STOCK EXCHANGE FOR 1831 UP TO AND INCLUDING FRIDAY, OCTOBER 16. BONDS. PUBLIC UTILITIES. Anacostia & Potomac Riv. R. R. 1st s, 1940 81 68 69 Anacostia & Potomac Riv. R. R. guar. 5s, 1949 95 C. & P. Telephone of Virginia 5s, 1943 . Capital Traction Ist 5s. 1947 . City & Suburban Ry. Ist 5s, 1M48 . Georgetown Gas Light 1st 5s, 1961 . Potomac Electric Power cons. Potomac El. Pow. Washington Gas Light 5s, 1960 . Washington Washington Gi Washington Gas Light Washington Railway & MISCELLANEOUS. Barber & Ross, Inc.. 6115, Columbia Country Club 5's D. C. Paper Mfg. 1st 6s. 1937 Washington Market 5s, 1936 ... . 1036 . gen. and ref. 6s, 1953 ... Approx. yield to Open. High. Low. Close. B 5.40% 10315 104% 4.55% 76 16 T60% 6 69 103 108 100'2 102% 10712 107% 100 101% 99 100'3 160 101 s 8 series 100 100 W m 100 100 0 2 90 %0 BTOCKS. Par Div. value rate. PUBLIC UTILITIES. Capital Traction .... $100 N. & W. Steamboat . 100 Potomac Electric Power pfd. 10¢ Potomac Electric Power pfd. 10 Washington Gas ... 2 Washington Railway & Elec. com. 100 Washington Railway & Elect. pfd, NATIONAL BANKS. (o] T TR Commercinl District Fed.-Amer. Nat Liberty Metropolitan Rizgs Second Washington B TRUST COMPANIES. American Security & Trust Conttnental Natfonal Saving: Unfon Trust ...... ¥ Washington Loan & Trust SAVINGS BANKS. East Washington . Potomac Savings Bank Security Sav. & Com. Bank . Seventh St. Savines Bank FIRE INSURANCE American Corcoran , TITLE INSURANCE. Columbia T Real Estate 5 MISCELLANEOUS. Barber & Ross, Inc.. com.. Columbia Medical Bldg. Corp. Columbia Sand & Gravel pfd. District National Secur. pfd. Emerson Bromo-Sel. “A’ Federal Storage Co. pfd. Federal-American Co. ¢o Federal-Amer. Co. pfd. Lanston Monotype : Merchants’ Tif. & Stg. com. Merch. Trf. & Sts. pfd. . Mergenthaler Linotspe Natfonal Mtge. & Inv. pfd. . Peoples Drug Stores pfd. Real Estate Mtee. & Guar pfd.. Security Storare ....... Terminal Ref. & Whg. Corp. The Carpel Corp. % Washington Medical Bldz. Woodward & Lothrop pfd. Woodward & Lothrop com. UNLISTED DE! Bk. & Trust Trust . 800 Commercial Club 55 National Press Bld Chapin-Sacks pfd. ......... Franklin National Bank .e.. Approx. Low. Close. ~vield. 247 25 16% 5.6% 5.5% $4.00 12.00 180 195 0 6.00 107 110% 0 550 107 108 10 0 3.60 15 115t 7.00 421 502 5.00 97 92 o 12.00 224 224 10.00 200 200 8.00 196 196 200 5 43 43 7.00 185 190 14.00 212 300 15.00 445 70 370 9.00 166 166 13.00 190 190 15.00 200 300 6.00 15 15 12,00 305 395 10.00 200 200 14.00 20 45 120 23 28 2.00 65 65 1700 45 430 438 12.00 290 290 12,00 280 280 150 150 Ve 160 16 10 10 91 91 86 897 PARTMENT. . 80 3 138 THE SUNDAY STAR, WASHINGTON, D. C, OCTOBER 18, 1931—PART IX. FINANCIA ! NEW YORK CURB MARKET TRANSACTIONS FOR THE WEEK AND YEAR FOR WEEK ENDING OCTOBER Stock and dividend. Aeme Wire Adams Mill Aeolian Co pf (7). Affiliated Prod (1.6 Afr Inv Ine. vto. Afr Inv conv pf Allegheny Gas Corp. Aluminum Co of Am Alum Co Am pf (6). Aluminum Co. Ltd E Aluminum, Ltd (B) war. Aluminum,Ltd (D) wa: Am Brit & Cont. . 3 Am City P&Lt (A) (a3). Am Cit Po& Lt B(b10%). Am Cmwith P A(b10%). Am Com Pr B (b10%). .. Am Com Prist pf (614) . Am Com Pwr 1st pf A(7) ‘Am Corpn (f30c) Am Cyanamid (A Am Cyanamid (B) Am Dept Stores pt Am Equitie Am ForPwr war Am Founders. Am Gas & Elec ($1).. Am Gas & B pf (6)..... Am Investment Inc (B). Am Launary Mach (2).. Am Lt & Trac (2%)...ee Am Maracatbo Am Meter (3). ‘Am Natural Gas Am Salamandra (2) . . Am Superpower (p40c) . Am Superpwr 1st pf(6). Am Utll&Gen (B)Vtc. ... Am Yvette Co (25c). ... Amsterdam Trading Tdc. Anglo-Chilean Nit. Appalachian Gas Appalachian Gas Arcturus Radio Tub.. Assoc Elec Ind (30c). Asso GEEL A(h2-25) Assoc G & El wa As30 G & E deb rts. Asso Laundries vte. Asso Rayon... Asso Tel Utll (b8%) . .. Atlantic Coast Fisheries Atlantic Frult & Sug.... Atlas Utllities Corp. . ‘Atlas Utilitles(war) ... Auto V M ev prpt(50c).. Axton Fish Tob A(3.20). Babcock & Wil (7). Beneflenl L (1%)...« Blue Ridee cv pf (a3). Blumenthal (S) Bourjois Ine (25¢) . n Trac Lt&P(1). Rridzeport Mach ( Brill Corp A (34¢). . Brit AT cou B (1.13 Buffalo, N&EP pf(1.60) cvof (3%). Bunker Hill & Sulliva Bureo Inc. war, Burma Ltd rets Butler Bros. .. Cable Radlo Tub vto.... Canadian Mareoni rib Syndicate. Carman & Co A (2). rodtion Co (§133) Cent Hud Gas&El (80¢). Cen: 111 Pub Sve pt (6).. Cent Pub Sve(A) (b3 %) . Cent & Sown Util (b7%) Cent States E1 (b10%).. Cent West PSAally. Centrifugal Pipe (60c). Chain Stores Stock Charis Corp (13).. E Chesebrough M{g(151%). Citles Service(g30c).... Citles Service pf (6) ... Claude Neon Lights.Inc. Clev Elec Illum (1.60) Clev Elec Illum pf(6). Colombia Syndicat Colon Ofl. ... Columbia Ofl & Colum Pie v.te. (f75e).. Comwlth Edison (8).... Comwlth & Svu (war).. Com Wat Ser (g12%¢).. Consol Auto Mer ctfs. .. Consol Auto Mer cum pf Consolidated Copper. ... Consol Gas Balto(3.60) . Consol Gas Util B. v.te. Contl Gas & El pr pf(7). Cont Shares pf (B) Cooper Bessemer. . Cooper Bessemer 1 Copeland Pr Inc (n) Cord Corp. ....... Corroon & Rey pt (A). Creole Petroleum. Cresson Consol (4¢) Crocker Wheeler. .. Crown Cent Petm (new) Crown Cork Intl (A).... Cuban Cane pr opt war. . Cumberland P L (2) Cuneo bress (2%) CurtissAirpris vt e. Curtiss Wright war. Cus! Mex Mining Darby Petroleum. Davenport Hos (2)... Dayton Atrplane & En Deere & Co.... De Forest Radlo. Derby Oil & Refin. Detroit Afrcraft Corp. Dublfer C & Radlo. Duke Pow (5). .. Dugquesne Gas Corp. Durant Motors. Duval Tex Sul. East G & Fuel Asso. FEast States Pwr (B) Eastern Util Asso ev Eastern Util Inv (A). Educational Pictures pf. Elec Bond & Sh (b6%) ... Elec Bond&3h cu pt (5) E) Bond & Sh of (6).... Elec Pow Asso (1) Empire Corporation JEmpire Corp (war)..... Empire Gas&F cm nf(8) Empire Pub Sve (A).. Employ Reinsur (11.80) Eureka PipeLinec4) Euro Elec, Ltd deb rts. Evans Wall Lead Falcon Lead. Fansteel Prod. .o Fedders Mfg Co (A Federated Metals. Fiat rets (94%¢) Fischman & Sons A. =iintkote Co (A).. Florida P & L pf(7). Ford M Can A (1.20) Ford Mot Ltd (36 3-5¢).. Foremost Dairy pf Fox TheatersClassA. Gen Alloys. . 4 General Aviation. ™% 2% Gen El Ltd rets 36 3- Gen Empire Corp (1). Gen Fireproof (1). Gen Gas&El cv pf B (6 Gen Leather Co. .. Gen Theat Equip cv pf. GeorglaPowerpf(6). Glen Alden Coal (4 Globe Underwr (15c) Gold Seal Elec new. Golden Cen Gioldman Sachs T C. Gorham, Inc A).... Gorham Mfg v.t.c. (f2).. Gotham KnitbacMeh .. Gt At & Pac T nv (16%). 1 Grt A&P Tea pf (7). Grier Stores Gulf Ofl of Hamilton Gas v.t.c. Hecla Mining (40c). Helena Rubinstein...... Heyden Chem Corp (2).. Hollinger Gold (65¢/.... Horn&Hardart(2%) Hudson Bay MIn& 8 Humble Ofl (+215) Hydro Elec Secur( Hyxrade Food Prod. Il Pwr & Lt pf (6). fmp Ofl of Can (50c). ... Indiana Pipe Line (1)... Ind Pwr & Lt cu pf(6%) ind Terr Illu O11 (B).... Insull Inv (b8%) ... .... Ins Co of No Am (2%). Insurance Secur (40¢).. Intercont Pete new..... Int] Petroleum (1).. . 1Int Safety Razor B (1).. 17, 1931, (EANEE) (NEXREN Li+101+ AR A S EERER ELLEE FE \ (T 3 S o e FR EEJFEEL - | M 341, 1520 101 109% 181y 51n ex wsR P FEFER fFEEF e FE OPEEFEF o Stock and dividend. Int Superp (11.10). Int Utilities A (3%). ... Internatl Utilities (B) .. Internatl Utilities(war) InterstateEquitie Interstate Equ cv pf (3 Interstate Hose Mills Interstate Power pt (7). Irving Alr Chute (1).... Itallan Superpowr A. Ital Superpower war. 52 5% 2 % Jersey Cent P&Lt pf(7). 102 Klein (D E) Co (1). Klein (H) pt pt. Kolster-Br(Am sh8).... Lake Shore M (12.80).... Lakey Fdry & Mach. Lefcourt Realty 1.60. Lehigh Coal&Nav (1.20).. Libby McNelll & L. Lone Star Gas n (88¢). Long Island Lt (60c). Long Isl Lt pf (7). Long Isl cu pt B (6) MagdalenaSyndicat: Mapes Cons MTg(14). Marconi 1 M (73 2-5¢) Mass Util Asso. .. Mass Util Asso cv pf 2% Mavis Bottling (A) rflower Asso (2) Mead Johnson (45)..... Melville Shoe 1st pf (6).. 4 Memph N G Co (60c). Mesabi Iron. Mesta Machine (2). Met Edison pf (6) Mich Gas & Oil Corp.... Middle Sts Pet vtc A 220. Mid Sts Pet v.t.c. B.. Mid West Sts Ut(b8% Mid West Utll (b8%) MidWest Ut ev pf(6) Midland United (b6% an Pipe Line. ]llver;‘utl bd Miss River Prpf (6). Moh Hud P 1st pf(7). Mont Lt H& T (1%). Moody's 18 pt pf (3). Moore Drop Forg(A) Moore Corp Ltd (1).. Mtg*Bk.Col Am Sh(96¢). Mountain Products (1). Murphy Co (1.60) Nat Amer Co. National Aviation at Rubher Mach at Screen Service (2). at Servico Co.cvvveess Nat Sh Term Sec A $60¢. Natl Transit (1). Nat Union Radlo. Nehi Corp (60c). . Neisner Bros f (1) Nelson (Herman). . Newberry (JJ) pf (1) New Bradford Oil New Jersey Zinc(13). .. New Mex & Ariz Land. . Newmont Mining. Y Shipbldg Corp. Y Steam new (2.60) 61%). Niag.-H. Power (40¢) . .. Niag.-H. Pwr A war. Niag Hud Pwr (B) war. Nlag Shares, Md (40e). . Niles-Bement-.Pond (1) & Nitrate Corp Chile (B).. oma Flec Corp (40c).. ordon Corp Ltd. or Am Aviation or Am Lt& Pwr(b8%) or Central Texas. or European Ofl Corp. or Ind Pub Sve pf(6).. orth Ind P S pf (7). Nor Pipe Line (14 North Stat Pwr A(8)... Nor States Pwr pf (6).. N W Engineers (1), Novadel Agene (4). Ohio Brass (B) (2). Ohto Copper. . Ohio O11 n (cu)pt (6. Overseas Sec 4 PacG & E1stpf (1%).. Pac Western Tan Am Afrw Pandem Oil. Pantepec Ofl Parke Davis (+1.65) Parker Rust Pr (3). Pender (D) Gr A, (3%) Pennroad Corp (40¢). ... Penna Water & Pwr (3). Peoples Lt & Pwr (A) Perryman Electric. Petrol Corp war Philip Morris In, Phoenix Secur Cor Phoeni Pilot It k Pitney Bowes P (b4%.). Pittsbgh Plate Glass(2). Plymouth Oll (25¢). Polymet Mfg. Poterero Sugar. . Powdrell & Alex (334).. Pratt & Lambert (3). Premier Gold (12¢). Prod Roalty (b10%) Prudential Inv... Prudential Inv pf(6). 12 1% 1% 104 934 268 3% 20% 8 72 Pub SveX 111(8)$100 par. 158 Public Util Hold war. .. Pub Util Hold Corp xw., Pub Ut Hold cu pf(8) Pyrene Mfg. Quaker Oats (7). Quaker Oats pf 6) Quincy Mining. Railroad Shares(40c) Raflway & Lt Secur (13). Raflway & Util Inv (A). Rainbow Lum Prod B Reiter-Foster.... Reliance Intl (. Rellance Int Corp Rellance Management tepublic Gas Corp. Reybarn Co... Reynolds Invest % Rhode Isl Pub Sve pf(2) Richmond Rad cum pt. . I'kland Lt & P (90¢). Rossta Int Corp (10¢) Russek’s Fifth Ave. . Safety Car Heat & Ltg.. St Antony Gola. St Regis Paper ( alt Creek Prod (1) Schiff (The) Co (2) Schulte Un 5e to31 Schulte 5c to $1 Strs p! Seaboard Util (28¢c)... Sec Allied Corp (1). Segal [ & H (a50c). Selby $hoe (1.40). Selected Industries. . ... Sel Indus allot ctfs (53) Sle Ind prior (5%)..... Sentry Saftey Control. Shattuck Den Min. . Shawin W & Pwr (2) Shenandoah Corp. . Shenandoah Corp pf.... Sherwin Williams pf(6) Sillca Gelet....... .00 Singer Mfg Co (116). Sioux C G pf Sisto Fin Corp. Smith (A O) (2). South Penn O1l (1). So Cal Edls pf (B) (1%) Sou Cal Ed pf C(1%). ... Southern Corp B SouthernNat Ga Southn New Eng_Tel(8). Sou Pipe Line (2)....... Sou West Eell Tel pf(7). So West Gas Utll. ... Southwest Pen P L (1) Spanish & Genrcts..... Spleg May Stern pf..... Standard Holding Corp. Stand Motors. ... Stand Ofl of Ind( 1) Stand Pwr & Lt (2) Stand Pwr & Lt (B) Stan Pow & Lt pf(7)... Starrett Corp. ... . Starrett Corp pf (3).... St1Co of Can Ltd(1.75) Stein(A) & Co (1.60). Stutz Motor Car Sun Invest pf (3). Sunray Oil..... Swan Finch Oil pf Switt & Co new (2) % % 24% 2! 251 23% 1% % 125 ] 9! 115% 1% 37 % 23% 5% % Net | —1091.— + LitL$+0 0 41 ++1! % % % 2% 1% " $E £ SEREE S % Biiiciis + - L0 ++ 1+ T+4+1+1 +++10+14010 +1 4+ +14+11 1+ £ E% ssesx f+ $1E4+1401 41} +l1+1+1+ #1101 NN £F & B e ¥ » FFELERLET PT ] - - ERES FFRF O F F OF FFrEIFy $PESE FFEEE £E * o o & - 5 Tsfs® 1 % % 3% % " FREF High. Low. 240% 28 8 Syracuse Wash Mch(B). Taggart Corporation . Tampa Electric (32) 15% ‘Technicolor Inc. 9 Teck Hughes G M 5 12% ‘Texon Oil & Land (1)... 3% 2% Thatcher 8ec Corp.... 55* % Tobacco Prod Exx; (10¢). 8% 18% 6% 29% 16 Tubize Chatel, B. 12 Tung Sol Lamp (1) Ungerleider Fin Corp. 18% 1 Utd Light & Pwr of (§). Utd Molasses, Ltd...... United Profit Sharing. U 8 Dairy (A) (6). Inter Sec 15t pf. 1% Linespf... . Stock and dividend. High. Swift Internat’l (14).... 129% 281§ “% Low. Close. g EFERS Stock - tHLh +1 FEP Ut P&L + - + Vi EEd Walker Watson o - HEFFE FIFIEEF LELLIEE+++) annual payment. & Payable in c: dend. 1 ci Blus 2% tock. n Plus 8% U S Playing Card (2%).. U S Rubber Reclaim. ... Unit Stores v.t. Unit Verde Exten (1)... Unite Wall Paper. Utah Pwr&Lt pt (7) Util Pwr&Lt (at1.0233). Venezuela Petroleum. Vick Financial (30c) Voght Mfg Co (1). Walgreen Co.. Walgreen Co war. i and dividend. High. Low. Close. 22% 22 % (A B(at1.02%) UL+ 44 s sseSsfsda wex LR (H) (50¢). (JW) Co. Wenden Copper. W Va Coal & Cok: Western Md pt Wil-Low Cafeteria: Wilson J Woodley Petrol..... Woolworth (FW) Ltd... % Wright Hargra (1123¢) Oll &£Gas. ......... Jones. .. RIGHTS—EXPIRE % 2% PeopG L &C....Jan15 4% Dividend rates in doliars b “Ex- h or stock. Plus 5% in' stock. us. in stock. in stock. n last quarterly or ed ol Jividend, TParily extra. iPlus 4% k Plus 10% in m Plus 3% Paid last year—no regular rate. COTTON IS HIGHER AS TRADERS COVER Trade and Commission House De- mand Also Tend to Strengthen Market. By the Assoclated P NEW YORK, October , 17.—Cotton was generally higher today on covering, | combined with a moderate trade and commission house demand. December sold up to 6.44, making a net advance of 23 points, and closed at 641. or within 3 points of the best. | The final tone of the market was very steady at net advances of 18 to 22 points. ‘The opening wds steady, 2 to 5 points | higher in the face of rather easier Liverpool cables, and the improving weather prospects. The firmness of yesterday's late market appeared to have brought in some overnight buying orders, while there was very little Southern selling, and trade buying was more or less in evidence, including some further demand for the Far East and | the continent. This absorbed the early | offerings and carred the market grad- | ually higher with January selling up to | 6.55, and March to 6.74, making net | advances of about 21 to 23 points.| Closing quotations were within a point or two of the best, on covering by some | of the early sellers who were disap-| pointed over the failure of Southern edging to develop more importantly in the iate trading. | The weather outlook was considered | generally favorable, and there are some in the ‘trade here who expect that & renewal of picking in sections which have been too wet during the past| week, will be followed by an increased movement of eotton next week. Advices received here from Texas during the | day, however, reported that farmers were holding cotton more tightly, and that, in some cases, spot cotton was being bought as an investment in the Texas markets. December January Marcn May July DIVIDENDS DECLARED. NEW YORK, October 17 (#).—Penn- | Mex Fuel Co. has declared a dividend of 50 cents. payable October 31 to stock of record October 14. Three months 8g0 a payment of 75 cents was made. National Department Stores, Inc., has taken no action on the dividend on the preferred stock due at this time. Three and six months ago dividends of $1 each were paid, prior to which the stock had received $1.75 quarterly. New Process Co., Warren, Pa., mall order company, has declared dividends aggregating 515 per cent on the pre- ferred stock, payable November 1 to stock of record October 25. This rep- of $1.75 due November 1 and the tvg quarterly dividends which were in ar- rears. The Charis Corporation has declared the usual extra dividend of 25 cents, in addition to the regular quarterly dis- bursement of 50 cents, both payable ll;l:r\'e:?bet 1 to stock of record Octo- T o INQUIRY FOR RAILS, ANEW YORK, Qctober 17 (P)—The nta Fe Railroad iring for 40,000 tons of rail That Investor Is Misinformed Who Thinks a Fixed Trust —is speculative, —is unsafe, —is a blind pool, oS30 e manipulated. about 160 aifferent Aved jrmsear e 1" May we send you defails without obligation to you? Bernard P. Nimro & Co. Investment Trusts Bank Stocks Bonds Hill Building, Washington, D. C. National 9733. National Organization desires to sublease its spacious quarters in modern, centrally located office building. Greatly reduced rental. Address Box 210-H resents the regular quarterly dividend | | EUROPEAN BEET SUGAR CURTAILMENT IS SEEN By the Associated Press. NEW YORK, October 17.—Prospects of & sharp reduction in European beet | sugar production this Autumn and Win- ter constitutes encouraging evidence of the progress of the sugar industry's at- tempt to eliminate overproduction and excessive stocks, a current survey by Standard Statistics Co. says. ‘This anticipated curtailment in Eu- rope may, in no small measure, be at- tributed to the adherence of European producers to the Chadbourne program, the survey says, since the acreage | planted this year was considerably smaller than that under cultivation in 1930. Adverse weather conditions have | contributed materially to the indicated | decline in output, by retarding the cur- | rent crop. | That the reduction of beet sugar out- | put this Fall will be quite substantial is forecast by the recent estimates of F. O. Licht and Dr. Gustav Mikusch, Euro- pean beet sugar authorities. The Licht estimate, released October 1, forecasts | a total sugar production for Europe, ex- | cluding Russia, of 6,171,000 long tons, as compared ‘with 8,631,000 tons in| 1930-31. Production by Russia is esti- mated by Licht at 2,150,000 tons. Ac- cording to this initial forecast, a drop in European production of more than 28 per cent is anticipated, while for| both Europe and Russia combined a 22 per cent reduction is indicated. Dr. Mikusch, in an estimate issued early in September, placed the antici- pated beet sugar output of Europe at ;:::_md 25 per cent less than that of last $200,000 STEEL ORDER. YOUNGSTOWN, Ohio, October 17 (/). —Truscon Steel Co. yesterday re- ceived orders aggregating $200,000, it was announced by Walter C. Conger, vice president. Mr. Conger said it was the biggest day's business in many months. | | 716 11th Pays 5% HOUSE DEMANDS GROW IN ENGLAND AND WALES By the Associated Press. ‘The Ccmmerce Department reports that more than 1,500,000 new houses, costing a total of about $4,870,000,000, obtained from both public and private resources, have been built in England and Wales since the war. The population has increased by about 2,000,000 in the last 10 years, and the increase in new homes is held sufficient to accommodate approximate- 1y 6,000,000 people, leaving & surplus ac- commodation for about 4,000,000 per- sons. This apparent surplus, vever, fact that the demand for individual é::nllll\ accommodaticns has increased eatly. —_—— > Money to Loan Nt eratling. nternt o et Joseph I. Weller Soyah L & Trm LOANS Ts Your 1st. 2nd or 31d Trust Due? You Need Money? MR. FRIEDMAN 416 5th_St. N.W.. 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Applications promptly considered for new or refinancing loans on apartment houses, office l.amldings. residential and business properties—located in Washington, or nearby Maryland and Virginia—for 3, 5 and 10-year 5%% ER & COMPANY MORTGAGE LOAN CORRE SPONDENT Decatur 3600 *IIIIIIIIIIIIIII|||||IIIIIIIIIIIIlllllllllllllllIIII|IIIIIIll)llllllllllllllIIIIIII|IlIIlIIIIIIIlIIlIIIlIlII||III|III|III|IIIIIIIIIIIflIlIIIl\* B —— MORTGAGES FIRST MORTGAGE INVESTMENTS They are safe—and liberally pro- You'll find our 6% FIRST MORTGAGES Over a Third of a. conceived. by Century Without o the return May be from $250 are as nearly los conser proved Washington real estate and -proof as can be The principal is secured atively appraised im- is very satisfactory con- sidering the absence of risk. purchased in amounts up. B. F,. SAUL. GUL National 2100 925 15th St. NNW.