Evening Star Newspaper, October 29, 1931, Page 14

FINANCIAL. Recent improvement in Mar- ket May Merald a Perma- nent Uptum. Bpecial Dispatch to The Star. emergency efforts to revive in- , and it may be that the for @ sound and lasting improvement is de- weloping along natural lines in an en- tirely unem:dm rter, Under lel::l"lhip of wheat. in hopeful turn in the situ- accom| thus panied, n and the conse- developed in ve ‘market comment per- tly had called attention to po- mtmlnmvfln- mof?-hh Spring wheat area and Canads, the of wheat certainty that ‘would hma’mtmuno— before another world crop was Sentiment, however, remained unre- ive. There was plenty of evidence it w'ng w&m‘nmndhm- accustomed to declining prices, tures ts a As far as suj d demand are concerned, the wheat a\l\::t.hrn is pie- tured in about the same terms as sev- eral months ago. The thing that bas changed is the attitude of buyers. Kansas City Prices. Milling wheat of average quality now s worth about 55 to 60 cents a bushel on the Kansas City market, with fancy kinds quoted as high 80 bushel. The ad the past month has to cents. At country shipping points in the Kansas City territory ordinary wheat generally is worth 35 to 45 cents. A month ago it was quoted at 25 to 30 cents. Advances of 13 to 141 cents a bushel in wheat futures and $7.50 a bale the gold movement and the trend in deposits. bt 1931 (Copyris) Washington Produce Butter—One-pound prints, 37; tub, 36. Eggs—Hennery, 35a38; current re- ceipts. 2€6a28. Poultry, alive—Turkeys, young toms and hens, 25a27; old toms, 20; old hens, 22a25; chickens, 3 pounds and over, 20a21; 2 to 24 pounds, 20a22; broilers, 12 to 2 pounds, 24a26; hens, large, 21a22; small, 18a20; Leghorn hens, 15a17; roosters, 12al4; keats, young, 40a45: old, 25a35. Poultry, dressed—Turkeys, young hens and toms, 35a38; old hens, 35; old toms, 30: chickens, 3 pounds and over, 23a25; 2 to 23 pounds, 23a25; broilers, 112 to 2 pounds, 27a29; hens, large, 24a25; small, 24a25; Leghorn hens, 18a20; roosters, 15a17; Long Is- land ducks, 18. Meats—Beef. prime, 17; choice, 15':a od, 121213. cow, 8agly. laml 12 Vi by the North American T Alliance, Inc.) ;12 to . '16a17; hams, ; strip bacon, 22a 23; lard, in bulk, 912a10; in packages, 10iza11;’ compound, 8a8l;. Live stock—Hogs, light and medium, : pigs, 5.00a5.35 35; heavy, 5.00a5.25: calves, 5.00a8.00; ths, 3.0004.00; , 5.0086.50. Fruits — Watermelons, . California, 2.00; 11% 6 PureOfl..... 101% 64% Pure Oil pf (8). stery. 1 Silk Hoslery pf. Sfl; on-Rand. . . 3 Reo Motor Car(40c).1784s 5% Republic Steel...... ° 7 Reynolds Metis(13%) 3 36% Reynolds Tob B (3).. 2% Rio Grande Ofl...... 9 Rossia Insur (3.20). 13% Royal Dtch(m2.2789) 9% St Joseph Lead (1).. 6% StL-San Francisco. . 3% Shell Union Oil. 23% Shell Union Ofl 31 Skelly 011 10 Skelly O11 124 Socony-Vacuum 1. 49% Solv Am pf ww(5%). 14% Southern Rwy (mé). 35 South Ry M&O ct(4), M.! :;-r.ca PL(T)eeem % legel-May-8 .. 12% Stand Brands (1.20). 2 Stand Comel Tobacce 29% Stand Gas&El (3%). 42% Stand Gas&El pf (4). 70 Stand Gas&EIl pf (6). 283 Stand Ofl Cal (h2%). 884 Stand Oil Exp pf (5). 84 Stand Ofl of Kansas. 283 Stand OMINJ (12).... 9% Starrett(LS) (12%). 1 Sterling Secur (A).. 21 Sterling Sec cv pf(3) 4% Stewart Warner.... 13% Stone&Webster(m2). 9 Studebaker Co(1.20) - ® ShvaneBemta 9% 2% T 36% 15 Texas Corp (2). 20% Tex Gulf Sulphur(3) 35 Texas & Pacific (5). 4% Tex Pacific Land Tr. 5 ‘Thatcher Mfg Co.... moaB8B8e wean THE EVE 18— Hen. 27 18 | fr 19% 1% [RARE! » PPsrir 51 F++001+1+1 26 5% 1% Wabash FE FPEEEEERS 13 iy XEx. 4% 1n lus b payable in stock. bPlus 3% in stock. 3 toek. Sock” § Pius 3%0% . .. Dividend Rate. 13~ Third Nat Inv(mése) 6% Thompeon Prod 1.20. 334 Tide Water Asso Oil. 68 20% Tide Water As pf(6) 83 135 Tide Wat Ollpf (5).. Timken Roller B(2). 1933 Tobacco Produets. T Tobacco Prod A 356, 3 Tri-Conti Corp.. Tri-Contl Corp pf(8) 19 Twin City R Tr pf(7) 243 Under Ell Fisher (4 11% Union Ofl of Cal (2) 984 Union Pacific (10)... 70 Union Pacific pf (4) - 12% Unit Afreraft. 6% Unit Carbon. 10% Unit Corp (75c) 354 Unit Corp pt (3). 3 Unit Electric Coal... 28% Unit Fruit (4). 19% Unit Gas&Im (1.3 % U S Express... 1% U S & Forn Secur 10% U S Freight... 21% U 8 Gypsum (1. 20% U S Indus Alcohol. ’ S Realty & Imp Rubber. ... Rubber 18t pf. .. Smtg & Ret (1).. United Stores pf (4). 8 Ut PEL(A) e13.15. 3 Vadasco Sales Corp.. 71% 32 Vulcan Detin Waldorf Sys (1%). Walworth Co. . Ward Baking (B) Warn Bros Plcture; Warren Bros........ ¢ Wesson O&Sno pf (4) West Pa El pf (7)... West Pa Pwr pf (6). 143% Western Dairy (A).. tinghouse (2% ). 76% Wsthse EM 1st m3% 6% Weston Elec Instru.. 8% Westvaco Chlor (2).. 36 Wheeling Steel pf 3). 2% White Sewing Ma pf., 18% Wilcox Rich A (2%) 1% Willys-Overland. 15 Wilson & Co pf. 4214 Woolworth (t4. 20 Worthington Pump. 50% Wrigley (Wm) (4).. Young Spr&Wire(2) 2 7 Zonite Prod Corp (1) 8% Sales of Stocks on New York Exc! o S RN S tions. d. _sLess \n 100 tPartly ext: 3Plus FEdhE SoT AR B R Faid > esu S 0w iTON, Bales— Add 00. fr 2 1 k) 5 1 s [RERAR: | - | 2" s senens ix + .60) .. Tads $aluten 1 3 B A N oSN R N anBaradandn HlE14 EESEF i é Doe 4141 1+ 0 - LI+l - RR..... T4+ F FR RESFE FEFPEV F EEEE FRER ¥k ¥ I |- OO - & w 2 P + ++40011 ®l = $vini ok F FEREE ¥ 18 2:10 P.M... the above are e latest quarterly or half-year! k. tnis earne Tepuldr rate® & stock. WARNS m: Pfl”"l}s WASHINGTON STOCK EXCHANGE QUOTATIONS AND DAY’S SALES Gov. Roosevelt Addresses Welfare Workers Meeting With Aid Administration. BY the Associated Press. AL":'?\', N. Y., October ”—gnw tics enter into New York's unemploy- ment relief in a to city and county welfare meeting here today with the State's temporary emer- gency relief administration. “We don't want it said next Spring uut“mamanm in need of hel eonldn“: because they were Repul &wfliflc communities or Democrats in Republican communities,” the Gov- ernor said. “Communities able to handle their own unempl:gment problem should not call upon the State for ald,” Gov. Roosevelt said. “The State's $20,000,000 relief fund is not a mere matching of what is raised locally in any com- munity any more than it is & 2 know communities where individuals and families in need will not total more than ;do-n. There are dozens, prob- nations, such as Britain with its dole.” Under the relief laws the State will SALES. AFTER CALL. ‘Washington Gas 55—$500 at 100%. Capital Traction Co.—4 24%. Potomac Electric 6% pfd.—2 at 110. Columbia Sand & Gravel pfd.—10 at 90, 10 at 90. Wi Rwy. & Electric 4s—$1,000 at 8533, $1,000 at 85%, $1,000 at 85'%, $100 at 851, $1,000 at 851;. attington Gos 8 “A' 4150 2t 100, w.l;!:‘m Rwy. & E. 45—$1,000 at Bid and Asked Prices. Amer. Tel. & Tel. 4%s '39. Am. Tel. & Tel ctl. tr. s Pot. R. R.' 5. . Cons Potomac Elec. 8 1953, i Wash., Alex. & Mt. Vernon ctf. Washington’ Gas d%s .. Washington Gas 5s . ¥ Wash. Gas s, series Wash' Gas 6s. series B.... Wash. Rwy. & Elec. 4s Barber & - Club Bas ase e Columbla Country Club ‘3as reimburse communities 40 per cent of - ish. G their expenditures for food, shelter clof and medicine and 50 per cent for pul improvements. NEW YORK, October 29.—Aside from a few high style resort lines, there will be few Spring openings of depart- ment store Mnes of merchandise until after the first of the year, a survey in New York indicates. An exception will be shoes, which will have their seasonal ning during the week of November 16. Opinion in the coat and suit trade strongly leans to a mid-January show- ing. Sharply divided opinions were voiced by millinery manufacturers regarding the practieability of closing down pro- duction for November or up to December 15, at & meeting in the offices of East- ern Millinery Association. The plan, by some producers as a means of preserving assets during the ap- proaching “off-season,” was not acted upon owing to belief that the unani- mous support of the entire industry could not be obtained and also because of labor questions. Orders for styled towels and ensemble (gift sets for the holiday trade have started to come into the market in fairly large volume, selling agents re- ported. Although buying has been de- layed later than last year and the vol- ume of business is somewhat behind, one or two mills are sold up several weeks in advance. HOLLYWOOD WHISKERS TASTE OF PROSPERITY 200 “Beards” Hired for Prison Scene, and Some of Long Ones Go to Wig Shops. By the Associated Press. 1 |87 score), 24a25: & Pot. Elec. Power 6% Pot. Elec. Power 5%% Wash. . & EL com. (7). y. & Ei. ptd. (T).... NATIONAL BANK. ital (14). .. S Columbia (13} Commercial 3 & e, 5! =5 =3 =4 s 258 8% Sau American (12). Corcoran (10). Firemen's (8): Naftonal Union Columbia (6h).. Real Estate (6h) MISCELLANEO! Col. Medical Bldg. Corp. Gol, Sand & Gravel ptd C- Faper Mg pt Dist. Natl. Sec. Emer. Broi o Ss8.:88.8.0053 2808 23 W 5 93 82228.2883 205852 & FE O D com. d ‘& Lothrop p1d. *Ex. dividend. 52% extra. bBooks. 72%% extra. 3% extri 4% extra. 35% extra. « [ eliz% extra. INDIA IS INCREASING SILVER PURCHASES Special Dispatch to The Star. . NEW YORK, October 29.—India has been buying bar silver in this market in increasing amounts in the last few | days and has been selling gold in Lon- }dm‘h according to local silver dealers. ith |the National Metal Exchange today | were only moderate, prices there, as well as those quoted by such independ- ent deslers as Handy & Harman, were {up !4 cent an ounce to around 297 |cents an ounce for spot silver. The | advance in the white metal here fol- {lowed a rise of the same amount in | London. | Most of the Indian silver purchases here, which are being paid for either |in dollars or sterling, require actual | shipment of the metal. A few months {ago India bought lightly in this mar- ket to cover short accounts, but present purchases seem to be for investment or hoarding demand. | Just now about 90 per cent of the | world’s population is off the gold stand- ard. Many bankers here say India and | Some other nations never should have a to substitute gold for silver, as their natives by long tradition are wedded to the white metal ver nations, of the white metal is bound to benefit | world trade. | (Copyright, 1831) CHICAGO DAIRY MARKET. 29%4; extra firsts (90-91 score), 28a2815; centralized carlots), 28%. Eggs, Luray, Va., Pastor Resigns. ough transactions in silver on | With | medium, slightly more than 50 per cent of the | Heifers, good and world’s population, and almost as much | pounds, 6.00a10.50; common and me- purchasing power, represented by “sil- | dium, 2.7586.50. Cows, good and " any appreciation in price | 3.25a4.50; common and CHICAGO, October 29 (A —Butter, 5,033 tubs; steady; creamery specials | and choice, 500-1,050 | (93 score), 293,230 ; extras (92 score), | common and medium, 3.25a4.75. | firsts (88-89 score), 26a27; seconds (86- | to unevenly standards (90 score | average: che 2,594 | the upturn; CHICAGO, October 29 (#).—(United States Department of Agriculture)— Hogs, 25,000 head, including 7,000 di- rect; opened active; 10a20 higher; later trade slow; advance mostly lost; 220- 200 pounds, 5.20a5.35; top, 5.35; 140-210 pounds, 4.60a5.15; pigs, 4.25a4.65; packing sows, 4.50a4.85; light light, good and choice, 140-160 pounds, 4.60a4.85; light weight, 160-200 pounds, 4.70a5.1i medium weight, 200-250 pounds, 5.00a | 5.35; heavy weight, 250-350 pounds, 15.00a5.35; packing sows, medium and | good, 275-500 pounds, 4.50a4.90; slaugh- ter pigs, good and choice, 100-130 pounds, 4.25a4.75. Cattle—Receipts, 6,000 head: calves, | 2,000 head. Good and choice fed steers and yearlings 25 to 50 higher on ship- | per account; in-between grades showing | most advance; 11.50 paid for weighty | steers, 11.25 for yearlings. Lower grade |offerings steady to 25 higher; very uneven. ing classes: mostly strong to 25 higher; largely a clean-up trade, with good to | choice steers with weight as much as 1.00 higher than early in week. Stock- lers firm. Slaughter cattle and vealers: | Steers. good and choice, 600-900 ds, | 8.50a11.50; 900-1,100 pounds, 8.50a11.50; 1,100-1,300 pounds, 8.50a11.50; 1,300- 1,500 pounds, 8.50a11.50; common and 600-1,300 pounds, 3.75a8.50. choice, 550-850 medium, 2. | 3.25; low cutter and cutter, 1.75a3.75. | Bulls (yearlings excluded) good and | choice (beef), 3.75a4.50; cutter to | medium, 2.5084.00; vealers (milk fed) good and chcice, | 5.006.00; cull and common, 4.0085.00; | stocker and feeder cattle, steers, pounds, 4.7 .75; Sheep—Receipts 18,000 head. Strong higher than yesterday's oice native lambs showing few closely sorted loads, | 6.25a6.40 to outsiders; fed Westerns held around 6.50. Lambs, 90 pounds down, good and choice, 5.5086.50; | medium, 4.25a5.50; all weights cholce | Kor 6.00a7.75; medium, | Second I: D. C, THURSDAY, BONDS RREGULAR | (= B AS RAILS DECLINE Foreign List Continues to $Show Strength Despite Selling Pressure. market was frregular today, with no definite trend discernible anywhere ex- cept in the domestic railroad list, where heaviness was the rule. bonds were bought in selective trading that st one time pushed the British, l ; : the recovery, but the itly erased. was chiefly concerned Tenewed weakness of sterling, more than 4 points on London bank identified with agencies. This the street's view that the ernment in England will seek t ung advance in sterling— would, of course, operate against icrease in export activity that has But 7 i i A T Eég ligations. Part of the unsettlement in the Eu- ropean list was attributed to reports of difficulties on the Amsterdam bourse. Virtual assurance that Germany would have no difficulty in knp\nf up service on all commercial debts for the re- mainder of the Hoover debt holiday in the general support ac- Government _ 5%s, = German S wes Reparations 7s, German Central bonds, M Electric 6s and 7s and United Steel Works of Burbach 7s and also some utilities. aoneoft!:mn!m were canceled sul but there were plenty of man bonds and the retrea South ‘With the exception of the British, French and German dollar groups, the was lower in quiet trading. British 5155 reflected the £ tivity. PFrench bonds were fractionall Other A foreigns, notably the | p, better. Italian, Austrian and Belgian issues, were lower. South Americans were heavy with Latin American exchanges. In the domestic list, railrcad issues i paralleled a downturn in stocks. Mis- souri-Pacific 5s dropped a point. There were smaller losses in Southern Pacific 4%s and St. Louils-San Francisco prior lien A 4s. Industrials were irregular. EARNINGS REPORTED. The report of American Type Founders Co., excluding National Paper & Type Co. for the year ended August 31 shows net profit of $463,131, equal to $2.03 a common share, com- p‘l’vd.h'.lf.h ‘fi,tlg:,lil, or $9.16 a com- mon re, preceding fiscal year. The report said National Paper & is no longer a controlled sub- of American Type Founders and t] fore there is no consolidated state- ment of the two companies given for the past year, nor does the income ac- count for the year include results of re) $718,927, fit of $304,374 in the thir net. quarter of 1930. Advertising Drive Planned. NEW YORK, October 29 (#).—The Executive Committee of the Electri Refrigeration Bureau, a national co- ive umnsogmnumon. will con- ,000, co-operative adver- tising campaign in 1932, J. E. Davidson of Omaha, Nebr,, chairman, announced. This co-operative ndvertlah:f, plus other advertising by electric refrigera- tor manufacturers, Davidson said, will! total about $18,000,000 during the year. INVESTMENT TRUSTS NEW YORK, October 29 (#).—Over- the-counter market i BSTEnp i Am : Cont_Corp Am Gen Sec A . Ag & Gen Sec B Big. 8 4 6% B .. Bt ‘r’:kl-‘&h com . tand. O CHICAGO LIVE STOCK MARKET aE L EEEE goed % P Fiiry 1338 % & 2 ] 3 =?§'=’; ggfl' h: 3 il Better market on other kill- I v Tr Invest Trustee 3 aders of Industry { Industry B8 0 miBwS naa o F UNITED STATES. 5 qagqadaare 4-54.... 85 KsdT-53. 12 ] AD&St5Y 43 Allegheny 55°49. .. Allegheny §s '50... Am F P 53 2030 AmIGChs4s Am Intl 5345 49 N Ocmnn'mllwwne'u 3 Ass0c Ofl 65'35.. .. Atchison gn 4s "95., Atchis 48 1905-55. . Atchiscv 4%s48.. Atch Ariz 4358 6! AtICLecl 4552 At Gulf 68’59, . At] Ret b 5537, Australia 43 Australia Australia 5s°67.... Austria 7s'43.... Beth Stl pm 5s '3 Bolivia 7s '58 63.... Buenos A 6s'61 Pv. Buff Gen El 4%#'31 BR& Pitt 438 '57. Bush Ter con 58 '55 Can Pacific 43%s 46 Can Pac ¢%s t | Can Pac bs '44. Can Pac 58 '54. Car Clin & O 58 '38. Cent 111 G&E bs'51. Cent Pac 4s 49, Cert-td db 5% Ches Corp 55 °47.... C&Ogen l%-;fl Chi&NW 4348 203 C&NW 43%s C 2037, Chi & NW cn 4%s. . Chi&NW rf 53 2037 | b1 & NW 6345°36. . Chi RI&P gn 4s '88. ChiRI& Prfds" ChiRI&P 4%s'52 % |Chi RIcv 43 Chi Un St 58 '44.... Chi Un Sta 5s B ’63. Chi Un Sta 6%, Chile ol | | Chile 6 61 1 Chile 6363 Chile Cop db §s *47 Clev Term s '3 Clev Term 4%s "17. Clev Term 5%s'72. Colomb 6s Jan "61.. Colomb 6s°61 Oct. Colon Ol 68'38. ... Colo & Sou 4%s'80. Col G&E 55 May’53. Col G&E cou 55 "61. Com Inves 5%s 49. Consum Pow 5s "63. Con G NY 43%s°51.. Con G N Y 5%8"45 Con Pwr Jap 6%s.. Con Pow Japan 7s. Cuba RR rf 7%s ‘36 Cuba Nor 5% *42.. Cuba 538 46...... Caecho 8s ‘51 Deutsche Bk 6s "33, Dodge Br cl 6 Duquesne 43%s "6’ Dutch East I 6: Dutch East I 6 East C Sug 7has"37 Finland 5%s '58. .. Fla E Coast 55 Fond J&G 4%s '52. Fram 1D 7%s 42.. French 7549 French 7%s 41, Gelsenk'hen 65°34. . Gen Cable 5% *47.. Gen Motors 68 '37.. Gen P Sy 5%3°39.. Gen Th Eq 6540 German 7s rep *49. German Bank 78 ‘50 Goodrich cv 65 '45.. Goodyr Rub 5857. . GrandTr st db 65'36 Grand Trunk 75'40. Grt Nor 4%s 76 D. Qrt Nor 434577 E.. Grt Nor gn 5%s '52 G 536 OCTOBER 29, o BT LT TIPS orey - BondBanRanss aanveneen~i oRvanannaBEiB coalatan~88 » S e -1 E- TR 1931. 8014 | Manh Ry 1st 48'S¢ [ Milan 6348 °52. MIlE Ry & L 5 Mi] El Ry&Lt bs °T. MK&Td4sB'62.., MK & Tadjbs Mo Pac gn ¢s'75.. Mo Pac 5sF'17.... Mobile-Ohio 58 ‘38 .. Montevideo 65 '59.4 Mont Pow 58 °43..4 Mont P db b8 A *63 .. Mor&Co 1st 4% #'3%, Montevideo 7s *63. %u 63 Ner Pac 4897, Nor Pac 4 Shell Un Ol Shell Un O11 Shinyetsu 6 %s ‘52 Sinclair Oll 6%#°38 Sinc O 7s cv A ‘37 Sine Cr O 5%s "3 Swiss 5%s 46, Taiwan E P 55971 Brw 0Se 225ueenBiBuvan Sew P p——— - - Parese vmbuntnims Bon - rasarakSialarced oy e o pebBRewlEReananalssa Bosm BEoaaBEatBlnnalanbstvone numum nunlonneBuansin e PRI T " ok PrnesenrniBa CavnnaBSalnak o whSewn - [P e SorankosBurBranabinbk nSannmEe aanaea Sales. ] FINANCIAL. FE A b ¥ nsazzse i PR H High Low( 3:88 47w ey % ONDS oo xcuwna] || “UMPIRE” PLAN ‘Wire Direct to The Star Office WATCHED IN TRADE California Experiment May Have Far-Reaching Effect Upon Prices. BY WILLIAM VOIGT, JR., thing that affects an oll industry any- where might have a marked effect on the business here, Midcontinent ofl men now are watching keenly the develop- ment of the oll “umpire” or “csar” in California. There the Oll Producers’ Sales Agency, having as members or clients virtually FE.LERREE" i i % g s 533 § ] il Al i § H 5§ I E P {1 E : i 5 ! : F = § : s. 1 e | 3 i s | ; | of § | ] i é i g? i H R 'Etl § 13 i EaE g ! z ; I} a§§ o § £ i fi : T fed §§§=! 28 frazgreger ssgeieers M uasusBe’ PeE ex ‘common, LURAY, Va., October 29 (Special) — | 3.00a4.25. Ewes, 90-150 medium Rev. P?edh J. Wi;.rnecle o!udchflsh L: !\734 3 50 oy copal Church, announ resig- | and 5 : nation to take effect the first of the 50-75 pounds, good and choice, 4.50a5.10. new Mr. Warnecke has been in — Luray vesrs. He has accepted 3 ¥ - N oy Sy Bt By Eo Sale Authority Denied. igpereged fare Iae S 3 ¥ =28 & ip i Humble Oil 53 '3’ Humble O 5%s '32. Hungary 7%s "44.. 111 Bell Tell 53°56. . 11l Cent rf 48 'S5.... TH Cent 4% "66.anes R b | SILVER QUOTATIONS. . 111 Steel 4348 "40. Int Rap Tr 55 '68 Int Rap Tr sta '6 Int Rap Tr 6s°32 Int Match §s ¢ Int Pap 58 A "47. Int Pap 6s "55. . IntT& T 43853, Int T&T cv 434 8°39. IntT& TS5 1 resge Found 63§ Kreug & Toll 5859, 95 | Lac G StLbs'M... Laclede 5348 C'83.. Lautaro Nit 85 ‘54.. 1 Lig & Myers 58 '51. Lorillard 534837, Lorillard 7 . La & Ark 5 . L& N uni 4840, L& N 5sB 2003, Lyons 6s°34.. McKes & R 53550, B8 wusaonaaBunesrunSeanann 333 ’g: ECE] -1 sz