Evening Star Newspaper, October 30, 1931, Page 14

S THE EVENING STAR, WASHINGTON, D. C, FRIDAY, OCTOBER 30, 1931 FINANCIAL, IPRIVE BOND LIST | (o o BONDS momsvs] STATES ARE AIDING —=| INUPWARD TREND IN CREDIT PLANS AUTDTRADEPLANS | NEW YORK STOCK EXCHANGE. - " BASK SLE ORNE 92 Hien. 26 UNITED STATES. (Sales are in $1.000.) Sales. High. Low. 32:38 Lib 334w 32-47.. 26 9828 9¥23 9823 List4¥s32-47 3 1011 101 1011 L4th43,s33-38472 101 5 10030 1015 U.8.3 5 645 92 92 Sales. High. low. 2:38 Stock and les— 56 56 _Lew. Dividend Rate. Add 00 Hish Low. o 3% Transamerica Corp.. 27 4 3% e Chge. 3 Tri-Conti Corp. PU Y o 3% 3% 251 26% + Y (Continued Prom Page 13.) 1 Stock and Low. Dividend Rate. % Prairie Pipe Line 1% Pressed SteelCar ‘« 2 Bales— Add 00. His¥W Low. Close. 4 Ry 8N BN y % W 8 1951 92 14 | Int TRT cv 4 348°29, New Models Will Be Pushed in Effort to Quicken Demand. BY DAVID J. WILKIE. Written for the Aseociated Press DETROIT, October 30.—The auto- mobtle industry which for several months has been bumping along over the rough roads of sharply restricted ! production is geiting ready to try & 1ittie speed momentum and hoping that | an expansion of consumer demand will hasten it along on its journey into 1832 In clearing its path the industry has heid production down well below de- mand during the period following the Midsummer shutdowns, with the Te- sult that the merchandising division has had opportunity to clear out cur- rent stocks in anticipation of new models. The first of the new models, by one of the leading medium price pro-le ducers, already 35 in production and has been given a private showing to newspaper men. It probably will be formally presented to the public within the next two weeks. Sales Campaign Planned. Others in the same price bracket will follow and all the manufacturers who withheld their new models during the Summer months will have them in dealers’ hands by the time the Natjonal Automobile Show opens in New York in January. More than ordinary activ ity s looked for in the industry during November and December. With the introduction of the new models, & vig- orous merchandising campaign is being planned The presentation of new models dur- ing the Winter months is being tried this year for the first time. Its effect upon employment in the factories, upon the new car business of retail organ- izations and upon the motor conscious- ness of the public will be carefully studied by various committees of the National Automobile Chamber of Com- merce which sponsored the plan. Whether the policy will be continued will depend upon the results of this analysis. There has been some inclination to blame the lack of new models for the falling off of retail business during the Jate Summer months. On the other hand, supporters of the policy hold that aside from insuring employment during the Winter months when it is most needed the presentation of new type& nearer the first of the year with assurances there will be no changes in the midst of the good driving weather season will tend to encourage earlier buym:e by motorists who mlfm other- wise defer the purchases until Midsum- mer. This is but one phase of the motor car industry’s effort to get back into normal speed operation. Another part of it will be a most vigorous campaign on the part of the dealer organizations for new business. The great advances in engineering that the industry has made during recent years will be coupled with the fact that prices have been held down to an almost irreduc- 4ble minimum in the campaign the retail division of the industry will make for new business with the advent of the newest types soon to be introduced. Ford Plans Are Secret. ‘The plans of the Ford Motor Co. con- tinue to arouse no little interest and considerable speculation in automotive circles. So far as official comment or disclosure is concerned, however, not a word has been given out concerning the long-rumored improvements on the Model A. Neither has there been' any ‘word concerning the development of an eight-cylinder model which gossip had attributed to the Ford Co. glflm dy still well ahead of retail 'mand, the production division of the Ford Co. has shown, considerable variation from week to week. Men have been called back for short periods 1o catch up with an accumulation of orders, and while soue departments| have been working five days a week, others have been following a three-day schedule. Among the various rumors circulating in automotive circles is one that the Ford Co. will step up produc- tion sharply around December 1. Whether this can be coupled with the turning to production of a new or im- proved Model A, or other changes, re- m"‘!“l‘;{ A matter of conjecture. re appears to be a general feel- ing, however, that specific changes, which the Ford laboratories have been working on for some time, soon will make their appearance. Always ready to consider any proj- ect that might stimulate export busi- mess of the industry, leading manu- facturers gave careful thought to the proposal of Andre Citroen, French mo- tor car builder, for an export cartel of the world's leadgng automobile makers. M. Citroen outlfhed his plan to many of the leading American producers dur- ing his visit here last week. Although the French manufacturer said he had found many American manufacturers well disposed towerd his plan, he ap- parently reached no definite agreement with them for combined action to put it" into_effect M. Citroen's proposal calls for the development of the automobile market | in 107 countries which have no motor industry of their own and in which use of the motor car has been steadily | falling off. One se of the plan that interested the industry’s leaders here particularly was the proposal that in the effort to make the people of the | automotively backward countries motor- | minded, a m n or more used cars | be rounded up in the United States and be presented to the countries con- cerned as an outright gift | Scrapping Cars. American motor car makers have found considerable comfort in the | statement by one authority that more | cars will be scrapped this vear than | the industry will produce. At the same | time any proje: that wWpuld take an additional million or e of those that will not be sent to the junk pile from circulation in the United States would further brighten an upturn in new car sales in the domestic field 1 American | | motor car industry for years to run its above the 1,000.000- unit mark. but the nearest it has come to that figure was in 1929, when for- sal f Al ade vehicles totaled 997.111 ca t year the total dropped off to 559,907 units. and, With increased tariff restrictions raised this year, ons are the overseas sal -made motor cars r drop for 1931 C. & P. VOTES $41,151 FOR CLARENDON OFFICE Installation of additional switchboard Apparatus necessary to cerve the antici- pated telephone growth in the Claren- don central office area. involving ex- penditures of $41.150, has just been au- thorized by the board of directors of the Chesapeske & Potomac Telephone Co. of Virginia This project is included in the $102.- 850 authorized for additions and bette: ment to the telephone system in Vir- ginia, which brings the total amount appropriated for such work in the State, 0 far this vear, to $3.150.617, accord- “to a statement made by telephone 39% Proct & Gamb ¢2.40), 11 46 Public Sve NJ(3.40). 15 63 60 Publie Sve 1 88 RS 2 101% 101% s 45t 517 A% Pub Sve G&E of (5 Puliman Corp (3) 5 Pure Ol 6415 Pure Ol pi 124 _Purity Bakert 10% Radio Corp. . Radio Corp (B) (5).. Radio-Keith-Orph A Raybestos Man(1.60) Reading Rwy (4)... Reading 1st pf (2). Real Silk Hostery Remington-Kand Rem-Rand 1st pf Republic Steel. Republic Steel pf. . Reynolds Metis(1% 8% Safeway Stores (5).. 8§91, Safeway Strs pf (7). 914 St Joseph Lead (1).. 65 StL-San Franeisco. . 71, StL-San Fran pr(6) 7 St Louis Southwn. 1% Second Nati Inv.. 33 Second Natl Inv pf. 3% Servel Inc P 11 Shattuck(FG) (t1%) 33 Shell Union O1l.. 23% Shell Union Ofl pf 815 SimmOns Co.....e00. Simms Petroleum. .. Sinclair Consol Oil. . Skelly Ofleverannese: Socony-Vacuum 1.60 Solv Am pf ww(53%). South Port Rico Sug. Sou P Rico Sug pf(8) Southn Cal Ed (2)... Southn Pacific (6). « Southern Rwy (m§ Southern Ry pf (5) Spear & Co. ... Spencer Kellog( Spicer Mfx. .. Stand Brands (1.20). 2 Stand Comcl Tobacce 2014 Stand Gas&El (3%). 2814 Stand Ol Cal (h2%). 8815 Stand Oil Exp pf (5). 81 Stand Oil of Kansas. 2814 Stand Of1 NJ (12) 214 Sterling Secur pf. 21 Sterling Sec cv pf(3) 4% Stewart Warner.... 13% Stone&Webster (m2). 8, Union Baz & Paper. . Union Carb & (2.60).. I & Unjon Oll of Cal (2). Unlon Pacifie (10) Union Pacific pf (4). Unit Alrcraft. Unit Biscult (2). Unit Corp (75¢)..... Unit Corp pf (3). Unit Dyewood pf ( Unit Fruit (4). . Unit Gas&Im(1.20).. Unit Gas&lm pt(5).. Unit Piece DWpI 6% U S & Forn Secur..... U S Gypsum (1.60).. U S Indus Alcohol. .. U S Pipe & Fdry (2). U S Pipe&Fy 1st 1.20 U S Realty & Imp. S Rubber 18t pf. S Smtg & Ref (1).. S Steel Corpn (4).. 7 S Steel pf (7)..... Univ Leaf Tob p Univ Ple 1s: nf ( 15 Univ Plipe & Had. ... 8 Uil PEL(A) et2.15. Vanadium Corp. Van Raalte 1st pf. Elec&Pwr pt (6). lean Detin (4) 5% Wabash RR... 21 Walworth Co. Ward Baking (A). Ward Baking (B). ... Ward Baking of (7). West Pa Elec A (7 West Pa Pwr pf (§ Western Dairy (A) Western Dairy (B) Western Maryland Western Pacific. .. 4 Western Pacific pf Western Union (6).. Westigghse A B(2).. Westinghouse (2%4). Westvaco Chlor (2 Wheeling & Lake E.. White Sewing Mach. Wilcox Oil & Gas Wilson & Co pt. Willys-Overland Willys-Overland nf.. 4213 Woolworth (14.40).. 20 Worthington Pump. 7% Wright Adronautical 50% Wrigley (Wm) (4).. 3% Yellow Truck....... 171 Yellow Truck & C pf. 91y 34% Retention of 3 1-2 Per Cent Rediscount Rate Aids High- Grade Issues. BY F. H. RICHARDSON. | Spacial Disp. 0 The Star. NEW YORK, Octeber 30.—Mainte- ynance of the 3': per cent rediscount s |rate by the New York Foderal Reserve +10 +1% | Bank, when a majority of Wall street observers expected an advance. proved a strong argument for higher prices in | prime bonds today. United States Gov- |ernment long-term issues advanced from !5 to 1 point in the early hours {and were turned over in quantities. {High grade municipals and corporation 1 descriptions also firmed. “The advance in high grade issues was t® be expected, but the maintenance of the bank rate also had a beneficial ef- fect on junior securities. This was lbased largely on the argument that the reason for a higher rediscount rate hav- ing disappeared and a drop of $24,000.~ 1000 in circulation indicating a check to | hoarding, there was a mcre optimistic | picture of general conditions. ~Firmer stock prices, higher commodity levels and a number of [avorable earnings re- ports lent color to this belief and spec- + ¥ |ulative bonds were accordingly pushed FIFEF Fravs + 4 & 4% prospects for | 9 Studebaker Co(1.20). 19 Superheater (2%)... 11% Sweets of Amer (1). 12% Telautograph (1.40). 2% Tennessee Corom. 15 Texas Corp (2). 20% Tex Guif Sulphur(3) 35 Texas & Pacific (5).. 4% Tex Pacific Land Tr. 515 Third Avenus 1% Thompson S 315 Tide Water Asso Oil. 201 Tide Water As pf(6) 35 Tide Wat Ofl pf (5).. 19% Timken Roller B(2) 1% Tobacco Products 13 19 Ygstwn 7 Zonite Prod Corp (1) Wl oo 8 3% Peop G 10:30 A. 1:30 P.M. Dividend rates as given in the | cash payments based on the latest a ‘“amm tvidend. 4% 10 clock. {BTs fl]lble in stock. lus 2% in stoc) in stock. Young Spr&Wire(2). Sales of Stocks on New Yor_k Exchange. sless than 100 shares, tPartly extra % TRL ] m Paid this gear—no © Plus 2%% in stoek.” 184 21% 8% Sheet&Tube. 24 RIGHTS—EXPIRE. L&C.Janls 6 3% 3% 0 Noon. 700,000, +1.100,000™ table are the sanwal 15 of half‘searly deciara- + 200,000 900,000 above rter) in stock. & Paid ; Tegular rate. i T Plue 5% 1o stock. Plu: s 2 Plus 6% COPPER RATIONING Substitute Program for Curtailment Plans Is Considered at World Conferences. By the Associated Press. NEW YORK, October 30.—Differ- ences of opinion on the proper method to improve operating conditions of the copper industry have developed during the informal exchange of views of world copper producers, it became known yesterday. A al that & marketing plan rltlcni'l’rl‘;po:he amount of metal W&ch the world would find available might well take the place of a program of curtailing operations, has crept into the discussions. \ In some quarters the proposal was described as a disquieting idea which some copper men feel might stand in the way of agreement. It was injected into the informal discussions at a time when the proponents of world-wide curtailment of production felt they were getting close enough together to insure satisfactory results from a round-table conference of all interested parties. It was pointed out, however, that they counted without & certain faction in the industry, which never has been “sold” on the idea of curtail- ment. In theory, the idea of cutting down world production of copper to a volume well enough under consumption to in- sure a profitable price for the metal has impressed every one in the indus- try. director of the Katanga forme: finance minister of Beigium, ar- rived in this country in company with other important copper men to discuss the price situation with Americans. it seemed that every one concerned be- lieved production” should be -curtailed to some extent, and the only question was whether the producers could agree on their respective shares in the pro- ram. However, according to well informed sources, some of the conferees now in- sist there is a good chance of success m a scheme to pool all copper as it becomes available and feed it out to consumers just enough to stabilize the market. b CHICAGO LIifE STdCK MARKET CHICAGO, October 30 (#) (U. S. De- partment of Agricuture) —Hogs, 27,000 head, including 7.000 direct; slow, 10a 25 lower than yesterday's average: heavies and sows off most; 220-300 pounds, 4.83a5.00, top 5.05; 140-210 pounds, 4.3024.85: Digs, 4.0024.50: pack- ing sows, 4.2504.50: light light. good and choice, 140-160 pounds, 4.40a4.65: light weight. 160-200 pounds, 4.50a4.80: medium weight. 200~ unds. 4.70a 505, heavy weight, 250-350 pounds, 475a5.05; packing sows, medium and good, 275a500 pounds. 4.15a4.60; slaugh- ter pigs, good and choice, 100-130 pounds. 4.00a4.50. Cattle, 2,000 head; calves, 700: sprinkly Eetter grade steers and yearlings sell ing fully steady. mosly on shipper ac- count; 11.00 paid for yearlings: several loads yearlings and mediumweights, 10.25a10.75; market fairly dependable | | but very uneven én grassers and warmed- {up offerings; largely a clean-up on such kinds; other classes mostly steady. Slaughter cattle and vealers: steers, good and choice, 600-900 pounds. 8.50a11.50: 900-1,100 pounds. 8.50a11.50; 1.100-1.300 pounds. 8.50a11.75; 1.300-1500 pounds, 250a11.75; common and medium, 600- 1,300 pounds, 3.75a8.50 Heifers. good and choice, pounds, dium, 5a4 50, common and madium, 350; low cutter and cutter, 1 bulls (yearlings _excluded), 3.7524.50 medium. nd feeder 500-1.050 pounds, 4.7526.75: common and medium. 3.25a4.75. Sheep, 15,000: fairly active; strong to advances on inbetween 25 higher grades fat lambs and choice feeders: good_to choice natives. 752600 westerns held around 650; feeders, 550-850 6.00210.50; common and me- 6.50; cows, good and choice, | braska, plan similar means of issying 50a | these receipts. 52.75; good and | cutter to me- | .00 vealers (mild fed), good i (Quotations furnished by W B. : 5.008 6.00; cull and common, 4.0025.00; stock- | London. pound T attle: steers, good and | Paris. franc to chcice WASHINGTON STOCK EXCHANGE METHOD DISCUSSED | oUOTATIONS AND DAY’S SALES SALES. Washington Gas 5s~-$1,000 at 101. AFTER CALL. | Potomac _ Electric 65 1953—$700 at | 107, $300 at 1071, | Washington Gas 6s “A"—$1,000 at 100, | "'$1,000 at 100. | Washington Gas 6s “B"—$500 at 103. Wlsh:g ton Rwy. & Electric 4s—$1,000 at 8515, | Potomac Electric 6% pfd.—5 at 119. { Potomac Electric 5% %—5 at 106. ‘Washington Rwy. & Electric pfd.--10 at | 94, 10 at 94, 10 at 94, 10 at 94. Bid and Asked Prices. - BONDS. | PUBLIC UTILITY. | Amer. Tel. & Tel. 4las '39.. | Am. Tel. & Tel cu. ir. 55 | Anacostia & Pot. R | Ane. & Pot. Gua: | €5 P Tely o | Capital ‘Traction R.'R. | City & Suburban 5s... Georgetown Gas 1st 55 | Boomac Elec. Cons. 57 : | Pofomac_Elec. 8s 1953 : | Wash.. Alex. & Mt. Vernon ctf Washington ' Gas 41 w - 89 s 02 Gas 6s. as MESCELLANEOUS. | Barber & Ross, Inc, 6'as.. | Chievy Chase Club 5ias | Columbia Country Glub 5’25 D. C. Paper Mfg. 65 ... | W. M. Cold Storage 55 i STOCKS. PUBLIC UTILITY When Emile Francqui, managing c, . Co. (4) | N.'& W. Steamboat (1 | Pot” Elec. Power 67 pfd Pot. Elec. Power 5ia’: pid Wash. Rwy. & El. com Wash. Rwy. & EL pfd | NATIONAL BANK. Capital (1)...c.ovrenenens Columbia_(13) -+ | columbla | Real Commercial (stamped) (10).... TR A Fed.-Amer. Natl’ B! & Tr. (). Liberty (78) 1 Lincoln (12) Metropolitan Riges (155) cond (9} Washington (i3} TRUST COMPANY. Amer. Sec. & Tr. Co. (15) Continental Trust (€ Katl. Sav. & Tr. (123 rince Georges Bk. & 1. Union Trust (8s) ... Wash. Loan & Tr. (14)..1.0 SAVINGS BANKS. Bank of Bethesda (6). | United States (30).. Wash. Mechanics (20} FIRE INSURANCE. ..*280 | American (12) Firemen's (8 | National Union TITLE INSURANCE. ®h).. ... I Estate (6h) . N | MISCELLANEOUS. | Col. Medical Bldg. Corp. (6) | Gol._Sand & Gravel ptd. (1) | D. ©. Paper_Mfg. xrr,, S § h. b Mad&flh‘ilh P. ood <00 Com. (130} | Woodward & Lothrop pid. (1)) nasc extra. 130c extra. £17% extra 5% extra. ells% extra. CORN CREDIT POOL PLAN 1S PERFECTED | By the Associated Press CHICAGO. October 30.—A $10.000.- 000 credit crib, financed by Federal and private funds, was built yesterday to hold corn for higher prices. The pool, known as the National Corn Credit Corporation, was organized in a two-day conference of farm lead- | ers with representatives of the Federal Farm Board, Midwest banks and manu- facturers. Earl C. Smith, president of the Illi- nois Agricultural Association and spon- | sor of the conference, disclosed only the preliminary plans, but the financial set- up of the credit pool was learned from other sources. Incorporation under the laws of Ti- linois, with a capitalization of $1.000.- 1000, was expected to follow another conference Tuesday. One-half the capital stock would be subscribed by bankers and industries: the other half was to come from the Farm Board. The Farmers' National Grain Cor- on kinds of valug to sell at 9.50 upward, | Poration. under the proposed plan, will | represent the Farm Board's holdings in the pool. Other farm groups will also pledge funds. The Credit Corporation will operate in all corn-growing areas, loaning money to producers on warehouse re- caipt: ‘These receipts, in Illinois and | Towa, can issued by State Depart- | ments of Agriculture after sealing and cribbing of the maize on farms. Other States, particularly Indiana and Ne- FOREIGN EXCHANGE. Hibbs & Co.) Nomina! gold Selling checks value. today. 3913, 393iac beisa 1391 13.98¢ : 2384 i 536 $15%ac 1948 | Brussels. | Bertin, fiumfn Madrid. franc drachma . peseta . Vienna, schilling. ... Bu e 4.7505.00. Lambs, 90 pounds down good and choice, 5.7586.50; medium, 4.50a m medium ;_ all weights cull and ~ommon ¥ ling lambs. 50-75 p d and choice, 4.5083.25, " | recontly near Weils, England, n his will & gravel pit to his house- {kecpem & |INCREASE IN TOBACCO [ PRICES IS REPORTED By the Associated Press. | 'SOUTH BOSTON, Va. October 30 | (United States Department of Agricul- | ture).—Medium grade orange leaf aver- | aged about 10 per cent higher today on the tobacco market < here than on Wednesday. Fair and low grade orange leaf aver- higher. Junior carrier issues such as Mis- | souri-Pacific 35 and 55, Prisco 412 Nickel Plate 4!3s, Denver & Rio Grande Western 5s, and Wabash first 55 were up 1 to 2 points. Industrials also were better. Warner Brothers Pictures 6s gained 1!, points. Dodge Brothers 6s, Certainteed 5'cs, Armour of Delaware 51,5 and Chile Copper 5s improved. Junior Utility Bonds like International Telephone 4',s and 5s and Utilitles | Power & Light 5s were also firm. The improvement in prime corpora- tion issues extended to a point more in bonds like Atchison General 4s, Nor- folk & Western 4s, Baltimore & Ohio 4155, Great Northern 7s, Duquesne Light 4125, Utah Power & Light 5s and to fractions in the case of American Telephone 5s and 5':s. On the Curb Exchange there was heavy trading in Van Sweringen 6 per cent notes. These notes, of which $30,000,000 are outstanding, have an interest payment due November 1 and recent prices had cast doubt 0! the ability of the company to pay tht coupon. ~Today the company an- nounced that it will offer holders of the notes, which do not mature until May 1, 1935, the option until Decem- ber 1, 1931, of exchanging each $1,000 note for $500 in cash and 20 shares of Van Sweringen capital stock. The corporation plans to sell sufficient of its segregated assets, which are all United States Government bonds, to obtain the cash. The stock involved will be furnished from the present holdings of ths Van Sweringens. Those who hold the notes and saw them recently quoted under 35 cents on the dollar, will undoubtedly be tempted to accept the offer. Since the Van Sweringen stock was quoted today at 1 bid and 2 asked, the notes are worth about 52 and this price ap- praxin?ud today's market for them. Foreign bonds were quiet. Japanese dssues were turned over in some volume at the opening owing to the renewed threat of action by Russia in Man- churia, but the price held steady. British 5'5s, German 5'>s; Belgian, French and other Europeans were firm. South Americans moved narrowly. Bonds were generally higher at the opening. p'!rhere was active trading in Japanese issues following reports that Russian troops were again mobilizing in Man- churia. The 6'2s opened off slightly and then recovered to a net gain on the day. British issues were unchanged. Young plan 5l5s were lower at the start, but other German issues were firm. French and Belgian descriptions were unchanged. In the domestic list, United States Government bonds were higher owing to the maintenance of the 315 per cent rediscount rate at a time when an ad- vance had been expected. Improve- ments of % to 1 point took place in Liberty first and fourth 4lis and in the Treasury issues. High-grade corporation bonds, such as Atchison general 4s and American Telephone 5s, were better. Junior rails, like Mis- souri-Pacific 56 and Erie 5s, and indus- trials, such as Dodge Bros'. 65 and United States Rubber 5s, were firm with stocl:s. ' INVESTMENT TRUSTS NEW YORK, October 30 (#7.—Over- the-counter market: Bid, A-k;d A B C Trust Shares ) A B C_Trust Shares 8l %, Cont_Corp. & gen pt Founders 1-70th ' com Founders cv Hf ctfs.. . Founders 1-40th com T Whouns 1 Standard Ofl Bansicilla Corp Basic Industry British Type Inv Cui Corporate Trust Crum & Foster Crum & Foster 8% Crum & Foster T Crum & Foster Ins Depos Bank Shares Depcs Bank Shares N Depos Ins Shes “A” Diversified Tr A . Diversified Tr about the same in price to slight- |1y lower than on Wednesday. Good | grade orange lugs averaged about the | same in price, while medium and low | Pixed grade lower. orange leal averaged sllgh'.)y1 Offerings at South Boston were very | O light in volume and consisted chiefly of medium to low grade leaf and lugs | with the heavy side predominating. Fine to good wrappers and cutters were in good demand, but were offered in insufficient average prices. quantity to esublu‘h‘l Eaquity Invest pi Eaquity Trust Shrs, ve Year Pixed Tr Sh A Granger Trade Gude winmill Trad Incorp Investors Incorp Invest Equit . Tr Sh Offerings at Petersburg were very light in volume and consisted chiefly | L 3 of medium to low grade leaf and lugs. Good and better grades continue demand. | Orange leaf. fourth quality (B4F),| 1250 Fifth quality (B5F), 5.40. Sixth quality (B6F), 1.90. | Orange lugs, second quality (X2F), 14.00 Third quality (X3F), 7.60. Fourth quality (X4F), 3.30. SHORT-TERM SEChTES. (Reported by J. & W. Seligman & Co ) id Allis-Chalmers Co. o, American Cha | Canagian ' Nor. Rwy. 4'zs | Chi. Northwestern R. R.5s Chicago Rock Isiand s 1934 | Cleve " Lor. & 1 | Coloraco & So. Rws. 4ias Commereial Credit Co. 5'zs Delaware & Hudson Co. 3s | Denver & ‘Rio Grande 4tas | Gen. Mot. Accep. Corp. & General Petrolsum Corp. 5s 1940 | General Public Service 525 Grand Trunk of Canada Housten E. & Humble Oil 5'as 1932, La Gas, 3 | Nertaern Secur Bt alu LosmBus Ma Mutual Inv Mutual Manage ation Wide Sec Natl Indust Shrs hrs 1 Sha nits Buiy Se Sec 6c lst Secur Corp Gen $5 p! Selected Am Sh Selected Income i e | Seiected Manage TPusi 6'2 | Colomb 63 Jan '61.. * | Duquesne 4%s '67. 2 Uss: i 1 U U T U 'S s ;8 B i S 4% 8 4T-52., 12 Abteivt P&H 5563, 35 Adams Exp ds'48.. Alleghany Cp 4 Allegheny bs 50 Am F P 552030, 3 AmIGCh5i%s’49, Am Metal 534834 Am N Gas 6342, Am S&R 1st 5847, Am Sug Ref 6537, AmTET cv 4%s'3) 5 Am T&T ¢ tr bs * Argentine 68 A '57.. Argentine 6s B Arm & Co 4%s Assoc Ofl 6s . Atchison gn 4595 Atchisev4%%s’48., AtICL 1st 4s'52... At Gulf 58°59. Atl Ref db 58°37 Australia 4385 Australia 58 ‘55 Austr: *5 Austria 7s '43. Austria 7867 ctf; B&O 4s'48. B&O4%s 33 B&Ocv4les’e0. 42. Bk of Chile 6345 ‘57 Beigium 644849, Belgium 7s°55. Belgium 78 '56..... 3 Bell Tel Pa 53 B ‘48 Bell Tell Pa 6s C'60 Berlin CE 6%s '50. Beth Stl pm 55'36.. Beth Stirf 54842, Bolivia 75 '58. 69, Bolivia 85°47. Bordeaux 6s '3 Bos &Me 55’67 Brazil 615 '26 Bklyn Man 65 '68. .. RXiyn Un 58°45. Bklyn Un 1st 65'60. Buenos A 6s'61 Pv. Budapest 6s '62. BR& Pitt 4% '57. Bush Ter con 58 '56 Canada 4s " Canay %83 52, Can Nat 4%s 64 Can Nat Ry 43 Can Nat 4%s'67. Cgn Nat 4355 "68. Tan Nat 43555, .. Can Nat 55 Oct '69. Can Nat 58 July'§9. Can Nat 55°70. .. Can Nor 435 '35. Can Nor 63s db Can Nor 7s db*40 Can Pac db 4s. Can Pac bs "44 Car Clin & O 53 '38. Cent 111 G&E 58’51, Cent Pac 45’49, Cert-td db b%s "4 Ches Corp 55°47 C&O 4%sA'3 Q 1st rf 6571, 1 Chi & Est 111 5851, . Chi Grt West 4s'59. 1 Chi M & StP 4 CM&StP 4%s '89.. C M StP&P 55°75. . CM&StPadj5s.. Chi & NW cn 4%s. . Chi&NW rf 55 2037 hi & NW 6%s 36, . Chi RI& Prf 4s'34 Chi RIcv 4% Chi RI&P 4348’52 Chi Un Sta 4345’63, Chi Un Sta 65 B '63. Chil Chile 65 '63. Chile Cop db. Clev Term 5 Cologne 6% Colomb 65’61 Oet. . Colon Ol 63 '38. Col G&E 55 May’'52. ol G&E cou b Com Inves 5% C C Md 1st rf 58'50. = Con Pwr Jap 6%s Con Pow Japan Consum Pow 55 Copenhag 5s '52 Cuba 5%s "45. Cuba Nor 535 '42 Czecho 8s *51 Czecho 88°52...... -Del & Hud rf 45 '34. Del & Hud §%s '37. Del Pwr&L 4%s 71 Denmark 51%s Denmark 6s "4 Denver Gas 58 D&RG W bs'55., 2 DRG & W 55'78. . 10¢ Det E G&R4%5'61. Det Edison rf 55’49 Deutsche Bk 6s '32. Dodge Brcl 65°40.. s aBonnunlanta - EY TS CowosRerwwman East C Sug 77%s '37 Erie gen 4s. Erfe cv 58 '67. Erle 65’75 Fiat 7s war. Finland 5%s ‘58 Finland 6%s ‘56 Finland 78’5 Fia E Coast 53 Fram I D 748’42 French 7849 French T4%s Gen Cable 5%s "47. Gen Motors s '37 Gen P Sv5%s'39. Gen Th Eq §s '40. German 5%s '65. ... German Bk 6s'38. . Ger Cen Bk 65 '60 J Ger Cen Bk 63'600 7 German 7s rep '49. German Bank 7s 5 Goodrich cv 68 *45. Good 15t 645 "47.. Goodyr Rub 58'57. . GrandTr sf db 65'36 Grand Trunk 7s'40. Grt Nor 43%s 77 E. Grt Nor 55 '73..... Grt Nor gn 5%s ‘52 Grt Nor gn 7s '36.. Greek 65°68 Haitt 63°52. Hock Val 41, Hud & M adj s | Hud & M rf 5857 Humble Oil 5s 37 Humble O 5%5'32 111 Bell Tell 55 Til Cent 4x '53 111 Cent 4% " 111 Cent 6145 '36 11l CCStL&N 4% 111 CCStL&N 68 A 111 Steel 4348 '40. Inland St 4%s A’ Inland St 434s B" Int Rap Tr 5: Int Rap Tr sta 66.. 12 Int Rap Tr 6s°32. 1 938 96 24 96 22 96 22 L 101 10 101 12 104 16 104 16 §=l§8;§:§38 i EE Sxanwu~ Int T & T 5855, Italy 7s'51.. Italy PubS T Japanese 5% Japanese 6148 'S4.. Jugosl Bak 7. Kan City Sou 35’50, wan wle 3% d 515 . Kreug & Toll 5889 Lackaw St pBamnu Tma Laclede 5% Lautaro Nit . Lig & Myers 58 ‘51, Loew’s 63 ex w Lorlillard s ‘51. . 20 Lorillard 5% '37..115 1 Manh Ry 1st 45'90. Marsellle 6s '3 Midval Milan 6% °52. Mo Pac gn 43’75 Mo Pac 5s F ‘77, Mo Pac5sG " Mo Pac 53 H 30, Mo Pacrf bs Mont Tr 1st 534 Mor&Co 1st ¢4 '8! Nassau Elec 48 '51. 29 NY O&W 1st 45'92, 43 NY Tel 4%s 39, Nord 6%s '50. 5. Norway 6s'43.., Norway 6s "44. Norway 6s '52. VU MNHARNARIN A DA - Pomo Alegre 8561, Por RAm T 6s'42.. Pos Tel & C 65'53. . PubSvG4%s'70.. ‘Queenstand 8s *47. ‘Queensland 7s "41. FAPTHD =D NRALAPBNARBNRN N ND 185 Ine West 6s°55.. 28 R Gr Do Sul 6s "68., a EevuwalBe vawnaan ret.. Sao Paulo 85 °60.<. 35 Saxon P W 6%s'51. 5 Saxon 7s *45. 1 . 6 Seab A Lev 68°45.. Sea All Fla 6s,A'35. 61 Shinyetsu 6% °6: Sinc CrO 5% Sinc O 7scv A Sinc PL 68’42 Skelly O11 Sou Pac 4%s '81. Sou P 4%s " 1.. 3 Ud St W 5%sC’51.. 2 Uruguay 6s "$¢.. 1 Utah P& LSs'44.. 2 Utll Pw 5559 ww.. 24 Util Pow 5%8 47 4 6252, ...00 13 2 54 68 58 89y 0% 84 95 51 62 68 8414 30% 61 564 o7 % 8T 15 1001 88l 90 99 106% 4 2 9614 1014 100% 624 384 100% 9615 69% 46 64 62! 62% 63% 49% 24 Various Methods Employed to Strengthen Resources Jf Banking Structure.. BY C. B. UPHAM. State officials have been stimulated to activity by the proposals advanced by President Hoover for mobilizing and strengthening bank credit and they have devised a variety of methods for helping to make the plan effective. Some of them are designed to enable State banks to co-operate directly with the agencies active in implementing the plan, while others are independent pro- posals having the same end in view. Gilbert Bettman, attorney general of Ohio, has pointed out to the banks of that State a way in which they can in- crease their liquidity and release a con- siderable quantity of prime bonds for use in securing cash from the National Credit Corporation or from other sources. The banks of Ohio have turned over to various units of the State gov- w; | eTnment bonds as security for public funds deposited with them. Realty Mortgages Eligible. Real estate mortgages are eligible for 9% | Use by public 1011% ) 24a25; . 24a25; Leghorn hens, 18a20; roosters, 15a17; Long Is- land ducks, 18. Meats—! 100, 1.50a1.75; bananas, 1. apples, 3.50a4.00; grapefruit, 3.00a3.50. 3.25a3.50; tom: ets, 1. 9414 | baske 91 101% 101% 82% © I 29% 46% 2% 5! a2.50. CONSTRUCTION AWARDS. NEW YORK October 30 (#).—Con- struction contracts awarded dn the 37 States east of the Rocky Mountains during the first three weeks of ber amounted to $156,116.400, F. reports. For FEERET 3 gagtagey ol