Evening Star Newspaper, October 28, 1931, Page 14

A—14 ve% FIN PRODUCE MARKETS DEVELOP STRENGTH Uptrend Noticeable in Grain and Cotton Prices—Pota- toes Higher. A more cpnfidept market tone de- weioped for the leading farm products during the second half of the month, #ays the United States Department of ure, Bureau of Agricultural Economics, Market News Service. The butter market was a striking exception, making one of the sharpest declines of | the season, and the weakness was | shared to some exteat by live stock, meats, eggs and try. But the up- ward trend of the grain and cotton markets, based on more favorable news of supply and demand, lent strong support to the general situstion. Po- tatoes and onions advanced further in4 some markets on lighter supplies. Pleld beans have recovered somewh: from lowest of the month. Sweet po- tatoes and cabbage show further de- clines, and apples continue firregular and unsettled. Eastern Potatoes Higher. Eastern and North Central potatoes third week of Mountains cents. Western New yound whites at 65 to 175 cents. Barreled sweet potatoes decliried fur- ther on the Eastern Shore of Virginia | to a range of 80-85 cents. with bushel | baskets at 35-40 cents. it declines | were recorded on Maryland and Del ware stock. Onion prices up all | along the line. Cabbage declined in Western New York to $7.50-88.50 per ton, bulk, and terminal markets also ‘were Jower. Celery was slightly weaker at Western New York sl h but slightly higher mflm Apple markets registered fo change. Much-fruit was storage at shi points, & iy higher in Western New York. Butter Market Weak. due to arrival of Canadian butter, some increases in production and uncertainty #s to consumption. Cheese markets, in distributing cen- :z?' ruled barely steady ‘was not Most Live Stock Lower. Choice cattle sold higher, other grades Jower at Chicago in late October. 'Ifi d with the week previous, but con- seasonally and recent been too lib- of recent Hard Winter wheat feeds showed rela- tively greater strength than soft Winter wheat feeds with advances of from 50 cents to $1 per ton at Central Western and Southern kets after the middle . nseed meal con- tirued its sharp upward trend A early in October. Advances of $1.75 to 82 were reported at important South- ern distributing markets. Feeders over a wide territory north and_northwest have been active buyers. Bxport in- qQuiry continued good. Timothy Hay Lower. Timothy hn{A markets remained very quiet with light offerings generally in only fair demand at ptices ranging from steady to slightly lower. Arrivals at New York and Boston were slightly in excess of the continued slow demand and prices declined slightly. Trading remained of very small volume at Pitts- burgh and all principal Southern mu-1 Wheat Market Higher. Domestic wheat markets have ad- wanced 3 to 5 cents per bushel since the | middle of October, influenced by a more active export inquiry for North American wheat and lack of sufficient moisture for seeding and germination of Winter wheat in some areas in the Southwest. The higher prices brought out larger country offerings, but the increased current receipts were readily taken by mills and industrial buyers. Feed grain markets were strengthened by the advance in wheat, but price gains were not large. Rye and flax advanced | with higher wheat prices, but were also | influenced by the improved demand for this season'’s short supplies. Egg Markets Weaken. An additional decline of 1 to 3 cents ©on some grades of eggs occurred in late October. Perhaps the most disturbing factor in the egg situation is the slack demand and the failure of eggs to move into consumption during the past few months as rapidly as they did a year ago, this in spite of the somewhat lower prices. Consumption during the first three weeks of October continued the unfavorable trend of August and Sep- tember, and with receipts of fresh eges! for the period slightly above correspond- ing receipts of last year, the additional | reductions in total stocks made in early | October was, judged by reports from | Jeading storage centers, likewise less than a year ago. Heavy roasting chickens, which were | particularly plentiful. declined 5 to 6/ in without. however, Teceivers, so as not to disturd the mar- | Brollers were irregular in ! quality and prices, with their season practically over. Stocks of dressed poultry in cold storage showed heavy in- €reases in the October report. The reported 2 per cent increase in numbers of turkeys is due chiefly to a crop in the Pacific Coast States and in . Stocks of frosen turke; which earlier in the year were ly Jess than in 1930 on corresponding dates, were practically the same on Oc- gober 1 this year as & year earlier. Canned Goods Market Improves. NEW YORK. October 28 () —Brokers| Feport a better feeling in the canned | foods market in New York and sales are showing a greater volume. While| are not anticipating their in- ‘yentories very far in advance, they are it necessary to replace stocks are lgt. the trade reports. in trade is that prices as probably have seen their lowest ANCIAL. (Continued Prom Page 13.) Stock and Dividend Rate Sates add 00 Pen Penney (J C) (2. Penney(JC) pf A (8) Penn Dixie Cement. . Penn Railroad (3) Peop Drug Strs (1)... Peoples Gas(Chi) (§) Pere Marquette jr pf Petm Corp of Am(1) Phelps Dodge Co. ... Phila Co 6% pf (3).. Phila Canew (6). ... Phila&Reading C & 1 Philip Morris&Co(1) Phillips-Jones Co. .. Phillips-Jones pf (1) Philiips Petroleum. . Oflof.. . Petroleum. ... ury Flour (2). 30n Pitts United Corp. .. Pitts United pf (7). . Poor & Co (B) Port Ric Am Tob(A) $14 Postal Tel&Cable pf. 513 Prairie Ofl & G 7% Prairie Pipe Line.... 1% Pressed Steel Car. .. 89% Proct & Gamt '2.40) Public Sve NJ(3 40). Public Sve NJ pf (8) Public Sve N J pf(8) Pullman Corp (3)... PureOl) . ........... Purity Bakeries (2). Radio Corp. . Radio Corp (B) (5).. Radio-Kelth-Orph A Rand Mines(m2.429) Raybestos Man (1.60) Reading Rwy (4). Real Sk Hoslery. .. Remington-Kand. Reo Notor Car(40c). Repubiic Stee! 1 1008 20% 267 1% 965 120% 1601 5814 Richfleld O1l. . 24 Rio Grande Oil ® Rossia Insur (2. 13% Royal Dtoh(m2.2789) 384 Safeway Stores (5).. 3% Servel Inc. 31 Sharp & Dol . 11 Shattuck(FG)(t1%) 31 Shell Union Ofl...... 23% Shell Union O1l pf... 1 Shubert Theater: 813 Simmons Co 4% Simms Petroleum 5% Sinclair Consol Ofl.. 314 Skelly Oil. .. . 30 Skelly Oll pf ww.... 124 Socony-Vacuum 1.60 49% Solv Am pf ww(5%). 7 South Port Rico Sug. 28% Southn Cal Ed (2)... 45 Southn Pacific (6) 14% Southern Rwy (mé). 36 South Ry M&O ct(4). 3% Sparks Withing (1).. 18 ‘Spicer Mfg pt (3). 124 Stand Brands (1.20 29% Stand Gas&El (3%). 284 Stand Ofl Cal (h2%). 8% Stand Ol of Kansas. 28Y Stand O11 NJ (12)... 21 Sterling Sec cv pf(3) 4% Stewart Warner. .. . 13% Stone&Webster (m2), 9 Studebaker Co(1.20) 89 _Sun Ofl pf ( 91 2% Ten C 86% 15 Texas Corp (2). 5% 20% Tex Gulf Sulphur(3 614 21 Tex Pacific Coal&Oil THE EVENING STAR, WASHINGTON, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. ——in High Low. Net High. Low. Close Chge & Ford(11% 12 2 7 10 33% 204 T 261 271 — M FEEFESSED 1% 6% 60 109 T1% Stock and Dividend Rate 4% Tex Pacific Land Tr. 2 Thermold Co. . 14% Thompson (J R) (1). 1% Thompson Starrétt. . 19 Thomp-Star pf (3%4) 3% Tide Water Asso Oil. 20% Tide Water As pf(6). 19% Timken Roller B(2). 1% Tobacco Products. .. 7 Tobacco Prod A t35e 3% Transamerica Corp. 3 Tri-Conti Corp. . 51 Tri-Contl Corp pf($) 24% Trico Products(2%) 19 Twin City R Tr pf (1) 2% Ulen & Co 2414 Under Ell Fisher 274 Union Carb & (2.60). 11% Union Ofl of Cal (2). 981 Union Pacific (10)... 70 Union Pacific pf (4). 18% Un Tank Car (1.60).. 12%4 Unit Afreraft.... 40 Unit Alrcraft pf (3). 5 Unit Am Bosch 6 1% 104 354 Unit Corp (75¢) Unit Corp pt (3 Unit Fruit (4). Unit Gas&Im (1 Unit Gas&lIm pt(5).. U S Indus Alcohol. U S Pipe & Féry (2). U S Pipe&Fy 1st 1.20 U S Realty & Imp. U S Hubber. . U S Rubber 1st pf. U S Smtg & Ret (1). U S Smtg&Ref pt 3% U S Steel Corpa (4).. U S Steel pf (7) United Stores (A). United Stores pf (4). iv Pic 1st pf (8).. Uti] P&L(A) e12.15. 1344 Vanadium Corp. 22 Van Raalte 1st pf. 86 Va Elec&Fwr pf (6). 32 Vulcan Detin (4) 17% Waldorf Sys (1%) 21, Walworth Co. . 61 Ward Baking (A 2 Ward Baking (B).... 24 Ward Baking pf ( 4% Warn Bros Pictures 1 Warner Quinlan....: 5 Warren Bros. .. . 13% Warren Fd&Pipe(2). 12% Wesson Oil&Sno(2). 44} Wesson O&Sno pf(4) 61 West Pa Elpf (6)... 65 West PaElpf(T)... 90 West Pa Pwr pf (6). 120 1001 West Pa Pwr pf (7). 143 Western Dairy (A).. 4 Western Dairy (B).. 5% Western Maryland 3% Western Pacific Western Union 421 Woolworth (14.40) 20 Worthington Pump.. 50% Wrigley (Wm) (4).. 124 Yale & Towne (2)... Bales— Add 00 Mish. Low. 3 et . Close. Chge. 11 & 6% 6% — ™ (B & £ ¥ » CIE-E PSPy [REE AN s resss@N P - 8 TR 3 Bos 2 o meaBareaifeotalununae & FEE AR IR IR IS 19 Ygstwn 10:30 A.M.. |mtnumm . 7 Zonite Prod Corp (1) 9 Sales of Stocks on New Sheet&Tube. 8 ™™ York Exchange. 0 Noon. 400,000 =.l I.I‘Il ll‘ll"“ ‘quarterly or lfll:""l?fl q Sless than 100 sha tPartly 9R10 stock 'a Pad Jast I Payable in or stock. gt ext: 3Plus IHG TR BUSINESS CAREERS ATTRACT STUDENTS College Registrations Reveal an Increasing Interest in Trade Courses. BY LOUIS E. VAN NORMAN. An increasing turn toward business careers on the part of college students, both young men and young women, is noticeable in the registration at schools WASHINGTON STOCK EXCHANGE QUOTATIONS AND DAY’S SALES SALES, Lanston Monotype—8 at 76. AFTER CALL. Capital Traction Co—12 at 24%. Amer. Sec. & Tr. Co.—2 at 300. Wash. R. & E. pfd.—10 at 94, 10 at 94. wn:h“n‘;. E. 45—$1,000 at 855, $1,000 af b Mergenthaler Linc 10 at 66. Lanston llmmype—cfl’m: 76. Wash. R. & E. 45—$1,000 at 85%, $1,000 at 851, $1,000 at 855, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Asked. Amer. Tel. & Tel. 4%s 39 ) ] R throughout the country. A survey of | Al registration made by the National Edu- cational authorities shows a very notice- able turn toward courses in business since the depression began. There is 5 . _Tel. of Va Capital Traction R. R. 8. City & Suburban 55..... Georgetown Gas_ lst 85 Potomac Elec. Cons. 8 Poto, Elec. increased interest shown in vocational | W. courses, which train the student for a Job. This trend to business careers is ac- companied by a marked decrease in the number of students registering for the sclences, the strictly cultural arts, theology and other highly specialized studies. At the same time, educational courses in universities seem to be at- | tracting more students, and teachers’ colleges are filling up rapidly. Higher Living Standard. ‘This tendency is important to business in other ways, notably from the con- | tween Itefacy and purchasing powes has ween 'y & g power has | been traced by the United States Com- | missioner of Education. He points out | that States which rank highest in education also take the lead in per| capita wealth and show greater per| capita purchasing power. This, he be- lieves, is th e direct outcome of a better understanding between college men and women and business, as well as the re- sult of a higher standard of living. Indeed, this higher standard of living and increase in economic wants is re- flected in the per capita purchases| through retail stores as shown by De- pa~tment of Commerce figures. Naturally, in these purchases, books, newspapers and other periodicals enjoy a much greater demand among people of higher education Following out this idea and in an endeavor to capitalize this ever-broad- ening flow of college students into busi- ness, several large department stores in Western cities are reported by De- partment of Commerce trade investi- gators to have established “college boards.” These boards give help an. advice to students who are planning to enter business. They advise students, particularly gard to their wardrobe and general equipment. With this end in view, these boards begin to cultivate the futw co-ed” while she is still a senior in 1. The manager of one of department stores put it this way: “Bring up a cust in the way she should go end. she grows older, she will not depart from you." Business Methods Taught. Begirning with the girl's last year In high school. she is advised by a repre- sentative of the store, who is usually one of her fellow students, with regard to business representa- methods. This tive also keeps the store in active con- | young women, with re- | ash. Gas 6s, series B.. Wash. Rwy. & Elec. 4s MISCELLANEOCUS. Ross, Inc., 6'as.... hase Club §'as Columbia_Country Club $iys 5. Paper Mic. = h. Mkt. Cold Storage 3.... o com. (1) . pfd ONAL BANK. ttal (14) lumbia (12) Cap! Col 3 Cemmereial (stamped) (10).0 {umon'ua Ir. & © | Mer Tr. & St District (&) .- Ame) iberty (74) . Lincoin _(12) Metropolita: S88st 3 =] So ARl Union Trust (8a) Wash. Loan & Tr, SAVINGS BANKS. Bank of Bethesda (6%) Com. & Savings (10). East Washington (13 Potomac (10 Sec. Sav. & Com. Bk. j0). s 35sd Seventh Street United States (: Wash. Mechanics ( FIRE INSURANCE. American (12). Corcoran (1 | Biremen's (8 | National Union’ {5} . . | Golumbia (én! 5 i [C3N MISCELLANE®US, Medical Bldg. Corp. (8| Sand & 0{-‘"!:1 al Paper_Mfg. pf | Real Estate Col. Col. D. | -Am. Fed.-Am. Co. P! e Mer. Tr. & 8t Mergenthaler Natl M 2.282220388 83 5 580 B . (1) D com. (136) op pid. (7). o extra. 5% extra. ella% extra. Stocks vs. Bonds BY GEORGE T. HUGHES. Because as a rule interest payments on bonds are better secured than divi: dends on stocks and because bonds for many years have been rated more con- servative investments than stocks, it is not to be inferred that all bonds are investments and all stocks are specula- tions. In each individua! case the security depends first on the property back of the bond or the stock and second on the earning power repre- sented Generally the market fluctuations in bonds are more moderate than those in stocks, but that rule also is subject to many exceptions. There are plenty of bonds which are purely speculative and which are subject to market swings fully as wide as any stock. Do not buy & security simply because it is & bond in name or in fact and do not reject & stock simply because it repre- period common stocks are more desira- | ble investment than bonds, a theory | which_gained wide acceptance | the int will be discussed later on in this series. tion has fewer adherents today than it did then. | (Copyrignt. 'FEDERAL RESERVE 1031) INVESTMENTS DROP i By the Associated Press. The Federal Reserve Board's condi- tion statement of weekly reporting member banks in leading cities on Oc- of $212,000,000 in loans and invest- | | with 000 be considered on its | bearing in mind the amental distinction between bonds and stocks, namely, that the interest on the bonds must be paid, whereas the bes d dividend on the stock is the board of tact with conditions in the school and | paid aids in bufiding up valuable good-will at a time when the customer is most receptive. Advertising campaigns fol- ! low and, when the young wom college. she is a well infor Another store is reported followed this matter into the and appointed “style sdviser in selecting the sort of appa: is most appropriate and popular. Through advertisements, the students are The | informed as to the merchandise most sufted to their needs. Local ideas and are carefully observed. J Ot 101> ds so Teasonable doubt about Just as safe as bonds. proportion to be malinia n~d the two depends on the requ | the individual investor, but it is an un- ‘nnnl practice to leave out bonds en- 100, often are desirable Women' Stockholders. NEW YORK, October 28 (#).—This of women stockhelders of the Penasylvania Raflroad as of October 1, ding to the road’s records, was 105496 and thelr average holdings smounted to a little more than 40 | shares each. Each of the 241.391 men y | and women stockhoiders as of October The theory that owpr the longer 1 owned an average of 54.53 shares. during | Di ed Tr flation in securities two years ago, iversified Tr Suffice it to say now that this propor- | Equit; | tober 21 showed decreases for the week | Motual ¥ X D. C, WEDNESDAY, OCTOBER 28, 1931. FINANCIAL, BONDSIRREGULIR | (== o BONDSozseames] EXPIRTS INCREASE AFTER EARLY L0SS General List Has Heavy Ap- pearance—Railroad Issues Seil Off. BY F. H. RICHARDSON. Special Dispateh to The Star. NEW YORK, October 28.—The bond market slumped resistiessly in the early hours today, then steadied under great- ly reduced trading. The list had the irregularity that is evidence of factors pul both ways. Wall Street was inclined to look on the Tory victory in England as con- structive for foreign dollar bonds, but feared the prospect of a British revenue tariff. More than a small amount of Dervousness was generated by the warn- ing sent to Moscow by Japan in the Manchurian crisis. United States Gov- ernment bonds were firmer because of somewhat reduced possibilities of an ad- vance in the rediscount rate this week. Firmness in exchanges and in com- modity markets was a helpful factor. Nevertheless the general list had & heavy appearance. Predictions that a number of raiiroads would cut dividends ¥ Pointa i Doth Juniet and Righ.evade pol In Junior and high-grade railroad bonds. ~ Missouri-Pacific 5, H"le Ss, New York Central refunding 4'2s and refunding 5s, Nickel Plate 6s, Norfolk & Western 4s, Northern Pacific 4s, St. Paul 5s, Pere Marquette 412, Frisco A 48 and 4l,s, Western Mary- land 5!2s, Atchison 4l3s and Baltimore & Ohio 4l55—a group representative of every degree of quality in carsier ob- ligation—were all Jower. On the other hand, steadiness in Canadian exchange, which was accom- panied by a fair volume of buying from Canada in this market, was mirrored in firm prices for Canadian National Rallway issues and Canadian Pacific de- B T o ‘were one » but the were later shaded. Domestic coampany bonds were fairly well suj ported. - United States Rubber 58, Goog: rich 6s, Bros. 6s, Armour 4l4s and New York City traction bonds were higher at one time, but met selling around noon. In the foreign list the strangest bonds were British government 5ls, which gained over a point to a new high on the recovery. German government 5'%s, after running up to a new top for the recovery, slumped to a net loss, only to recover again. German municipals and corporation issues were steady and Ger- mean bank issues were higher. The strength in wheat prices and other com- modities was reflected in an advance in Argentine 6s. Australians were also higher. Some indication of the rapid fall in muncipal bonds was found today in the fact that New York City had to shop | around to place $5,000,000 of notes due | next year and then had to pay 4% per cent for the accommodation, against 4% per cent last week and 1% per cent as recently as September 24. ‘There was a firmer tone at the open- . The strong sweep of the Conser- vative government in the British elec- tions was held to be indicative of in- ternational political trends and a bull- ish factor despite the fear of a higher British tariff. British government 5%s advanced a point to a new high on the recovery. German government 5ls gained a point. Other European, South Ameri- can and Australian bonds followed suit. The Japanese group, however, still op- E&d the weight of the ‘were unchanged. were , with small Alleghany fim-me New Haven 4!5s. Rai] CHICAGO DAIRY MARKET. CHICAGO, October 28 (F)—Butter, INVESTMENT TRUSTS | NEW YORK, October 28 (P).— Al Cont 2 Y 3 Gen 3 ) 1 | O * ¥ o e T RE ST 2o’ SHSHw, BoLa. “Trust ced | Trusteed Twentieth Two-year | United Pixed Unit Pdrs 1.7 United Ins ted prliunas UNITED STATES. (Sales are in $1.000.) Sales. High Low. 235 98 24 9820 9820 ¢ % %8 3338175 1951-55 156 aqadadaart ot ez anhl ‘l‘:- AbItID! PAP 58 °53. Ab& St53% "43.... Alleghany Cp 5s 4 - Reows Allis-Chalm 5s '37. Am F P 552030, % PR ST = T Argentine 55 '45. .. Arpentine 5%s'62. 15 Argentine 6s Ju's9. 13 Argentine 6s A '57. 2 Argentine 6s B '58. Arm & Co 438 '3 Assoc Ofl 68°35.... 10 Atchison gn 4895, 116 8., 13 At CL1st At Gulf 58°59. Atl Ref db 58°3' 8eceee Austria 78 '67 ctfs. were quiet. Oil ! Bk Chil Bell Tell Pa 65 C'60 B Ind Loan C 6846 Berlin Cy El 6855, Berlin C E 6%8'50. Beth Stl pm J 6. Brazil 6348 27 Brazil 7 Brazil 8s°41....... Bk Ed gn A 6849, Bkiyn Elev 6% Bklyn Man 6 . Bklyn Un 1st 58'50. Budapest 65 '62. ... Buenos A 6s'61 Pv. Buff Gen El 4%#'31 BR& Pitt 43857, Bush Ter con bs ‘5§ Can Nor 6%s db Can Nor 7s db '40. Can Pac db 4s Can Pacific - - pelonlieard aaenwles C M StP&P 65 °76.. 80 CM & St Padj 5s..186 C&NW 435 C 2037 hi & NW 634536 Chi Rwys §s "27 Chi RI&P gn 4 . Chi RI & P rf 48’34 Chi RI&P 4%s'53 ChiRIcv 4%s'60, Chi Un Sta bs Chile Chile Chile 2 32 . Chile Cop db 58 *47. CCC&St L 4 %8 E'TT Clev Term 58 '73... Clev Term 5%s'72. Colomb 6s Jan "61. Consum Pow b Cuba 5%8°45. Cuba Nor 5%s '42. Csecho 8s '51 Caecho 8s '62. Del & Hud rf 4s'34. Del Pwr&L 4%s 71 Duquesne 4%s Dutch East 1 68'47. Dutch East I 65’52, Erle 1st con 439 Erie con 48 A '53 French 7%s '¢i. Gelsenk’hen 65'34. Gen Baking 5%s'40 Gen Motors 63 '37.. 2 Gen P Sy 5348’3 ik Ger Cen Bk 6s°60 0 69 Grt Nor 4%s 17 E.. Grt Nor gn 533 '62 GnNo: r:"l ‘36. Bales. Migh. Low 111 Cent 4% "8 16 111 Steel 4348 "4 Inland St 434 Int Rap Tr s Int Rap Tr sta " Int Rap Tr 6s°32 Int & Gr Nor 5s Int& G Nad¢s Int & Gr Nor 68°52. Int Hydro El Int M Co §s ret'¢l.. Int Match 5s"47 Int MM col tr 6 Int Pap 5s A "47. Int Pap 6s'55... Int Ry C A bs Italy 7s°51. . Italy Pub 8 7s '52.. Japanese 5% Japanese 6 Jugos! Bnk Kan City Sou 3s'50, n City Sou 5’50, Karstadt 6s'43.... Kreug & Toll 58'59. Laclede 53 Lautaro Ni Leh Val cv Lig & Myers Lig & Myers 78’ Loew's 63 ex w Lortllard 5s ‘51 Lorillard 6%s'37.. Lorillard 7s *44. » Nunew ave-a L & N uni 43 '40. L & N 5s B 2003, Lyons 6 McKes & R5%«50, Manh Ry 1st 4'90. CRammamman®s BanaN~ aranBaSh Nat Dairy 63 s "48. Nat Steel 55 '56.... Netherlands 6s'72 NOT&Mb5s B 54 Nw 8 Wal - Eoresvonanme NYNH&H clt 6s'40. NYNH&H cd 68'48. e NorOT & L 68 '47. Nor Pac 3s 2047.... Nor Pac 48'97..... Nor Pac 4%85 2047, Nor Pac 68 D 2 Nor Pacri - e B8orSman ” - SRxecSo avw CuRomn =0 Phila Eleo Phil & Read Philippine R Phillip Pet Pillsb F M Pirelli T 0. Poland 7s '47 Port Gn El 4%8'60.. Por R Am T 68 '42. Pos Tel & C 58'63 Prague 73%s '52. Prussia 6s ‘53. Public Serv 4 - snnuopnenalatleanens Rio de Jan 6%s’53. Rio de Jan 88 "4 - StL S Wbs'52 Sao Pau 75'40 ret. Sao Paulo 8s 5 Saxon P W 6% Saxon 75 '45. Seab A L rf 4s°59. Seab A L cv 68 '45. Sea All Fia 65,A'36. Seine 7s *42 i Serbs-Cr-S17s "62.. Serbs-Cr-S1 8s'62.. Shell Un Ofl bs '47. - PR ANAINNNHENBNNNAE S HANONARORBINON ~ Ao [Py e T TP T Taiwan E P 6%#71 Tenn EI P 6s A 4T Texas Corp 58 44. . Tex&P 1st bs 2000. onBunnlon Bonbvevaca 50 58 | FOR . S. FORECAST 833 Settlement of Financial Diffi- culties Sholud Stimulate Sales Abroad. BY CHAS. P. SHAEFFER. Tokio El Lt 63 '53. . guay . 102% | Utah P& L 63 '44.. Util Pw 68 °59 ww. Utll Pow %8 "47.. Vert Sug 1st 7s "42. Vienna 6s 52 Wabash 4%s°78... Wil & Co 1st 6541 Wis Cent gen 45 "3/ 381, S Ygstn Xgsta h e i ¥ ‘1 § Sales. High. ® 1S aunnne von slovosandaane spregeg 8&3&2:!8 H $5% sysnugrogezzan e - sgegasaus 3oy asassyroge g8 &2 288 L 8 ¥ mk; g23 ¢