Evening Star Newspaper, November 1, 1931, Page 72

" (PTREND N BOND figations Share in Advance. Tone Steady. BY ALEXANDER HENDERSON. Asmociated Press Pinancial Writer NEW YORK, October 31.—The bond T i i 8| H , and St. Louls San Pran- 158 of 1978 appreciated fraction- ‘hison CGeneral 4s were unac- Liberty and Ui m; in CORPORATION | REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, October 31.—The fol- Sowing is today’s summary of important corporation news prepared by Standard Statistiés Co., Inc, New York, for the 1 (A. 0) Corporation—Passed quarterly common dividend; paid 50 * cents August 15. Trade Trends By the Associated Press. ~—Purchasers of to , and as & result the market re- At the end of the week vailable FINANCIAL. 114 8 10128 UB 4% Stock and THE SUNDAY —1931 — 98 10016 102 2 108 3 dividend. Migh. Abram & Straus 5% e°43. . Alleghany Co e " 102% 1024 1183 112% 116 110% 9 106% 79 88 12 91 23% 106 801 111% 102% 104 36 a1y 80 Bell Tel (Pa) ref Beth Steel p m 6i Bolivia 7s et Brooklyn Manh 1st 6s A. Brooklyn Union b8 Canada 58 52, . Canada National 4% 8°64. Canadian Natl 4348 ‘57 Canadian Natl 4 Can Nat July Canadian Natl 58 924 71% Chl & West Ind con 4 86 10 Chile Republic 65 1960. . 9514 55 Chile Copper bs ¢ Term 63 B Terminal 634s. iquesne 4 % 84% Dutch East indies 8435 Dutch East 6 0% 841 Grand Trunk 94% Grand Trunk 65 Great North 85 Great Nor gen 981 Great North gen 51 Greek 68 19 9% Havana Elec Ry 6%s 54 Hudson & Man adj 6+’ 78 Hud & Man ref 5s ‘57 Humble O & R 6%, Illinols Centref 48 "65. Ilinols Central ¢ 1 % 84% Inland Steel 4348 1978, 50 Inter Rapid Tran 6s ‘66 49 Inter Rap Tr §s sta '66. 238% Inter Rapid Tran 6s"32... 70 Imter Rapjd T 60 Inter Cement 284 Inter Gt Nor 50 Inter Mateh 51 Inter Mer 58 (Continued From Page Two.) Steck and Sales— v U u Pipe&Fy 1st 1.20 Realty & Imp Rubber. . S Rubber 1st p: 12% U S Smtg & Ref (1). 35 USSmtg&Refpf 3y 624 U S Steel Corpna (4) 114 U S Steel of (7) 1% United Stores (. 52 21 United Stores pf (4) 110 93 Univ Leaf Tob pf(8) 574 24 Unlv Picistpf 4 % Univ Pipe & Rad. 31 8 Ut) PEL(A) et2.15. —_— 1 Vadasco Sales Corp. nnnnweRnn U u U u U u u Va-Caro Chem pf (1) Va Elec&Pwr pt (8). 71% 32 Vulcan Detin (4) —_— e 26 5% Wabash RR. 2T 1T ldor? Sys (1%). 2% Walworth Co. . 6% Ward Baking (A)... 8% 2 Ward Baking (B) 57% 24 Ward Baking pf (7). 4% Warn Bros Pictures. Warner Quinlan... ros 13% Warren Fd&Pipe(2. 1% Webster Eisenlobr. . 62% High, 4% 84 ” 101% 4 55 62 | o199 ;\mh. Low. Net. | 103 Low. Close. Chae. | 1131, 13 18 —1%| 129 »3':' 4% +8% | g9y il B 61 90 100% 141 4 5% 3% 6 124 3 17% 13 =R +1 9% +3% 1 Zenith Radte....... 7 Zonite Prod Corp (1) Dividend rates as given i = nmm“m-fiu:fl'mu STAR, WASHINGTON, D. C., ' BOND SUMMARY FOR THE WEEK | HOOVER AND LAVAL R Japanese s%s 34. Kan City South 3s 0 Kan Gas & Eléc 4342 80. . Kendall 5%s°48 (war)... Kreus&Toll 6 et wi Lackawanna Steel is LacledeS s D Lehigh Val en . Liggett & Mvers 5a’51.. woew’s Inc 68 ex war'dl.. Lorillard §%s "37 Louts & Nash un Market St Ry 7s A Mexico 48 1904-54 . Midvale Steel Milan 8158 '52. MIEIR& L 1st re bs Mo Kan & Tex 1st 4n"90. . Mo Kan & Tex adj 6s 67, Mo Kan & Tex p! Mo Pacifie Mo Pacific Mo Pacife Mo Pacifie A Missouri Pacific Pactfic Gas & El Pacific Tel & Tel Pan-American €s Para-Fam-Lasky 6 Paris:Lyons-Med 65 '58.. 1 Paris Orleans 5% 1968. . ph! Phil&Read C&1 6 Philips Petrol Queensland 6s 47, Queensland 7; :‘“"' 4% 97 Rbineibe 7s. Rhine Westpl Rio de Janeiro Rio Grande Do Su! RIArk&L 4%s's 4 Rome 6348 "52. Serbs.Croats&Slavis'ei. . % '69 wr Southn Pac Ore 4345 '77.. _ Southern Ry gen 5 Southern Ry 1st Southern Ry gen South Rv dev 6%s '56. Swiss6%s Texas Pacific 58 B*77. Texas Pacific 58 C " Third Ave ist ref ¢s Third Ave adj bs *60. Toho Elec Pwr 7855 United Drug 6s ‘53 Utd Kingdom 5%s ‘37. U S Rubber 1st & ref 5 196 Walworth Walworth 6%s Warsaw 7s 1958. West Shore 1st 43 2361 4 West Mary! ‘est land 4s °5: West Maryland & Western Pacific Wes % Wilson & Co 18t 6a *41, Yokohama % Youngstown 80 80% 76 Stock and Dividend Rate. Add 00. PaEIpf(6)... 10s Pa Pwrpf (6). 1408 est Pa Pwr pf (7). 408 Western Dairy (A).. Western Dairy (B).. Western Maryland. . Western Pacifie. Sales— Westinghse A B(2) inghouse (2% ). Wsthse EM 1st m$ % Weston Elec Instru. Westvaco Chlor 1.60. Wheeling & Lake E. Wheeling Steel pf 3) White Motors. ...... White Sewing Mach. White Sewing Ma pf. Wilcox O1) & Gas. n & Co pf. . Woolworth (14.40).. Worthington Pump, Wright Aeronautical Wrigley (Wm) (4).. Yale & Towne (2)... Yellow Truck...... Yellow Truck & C pf. Young Spr&Wire(2) Ygstwn Sheet&Tube. 13 61 1008 15 12z 1% 8% 1% 2 us ™ o e © Plus 2%% in stock. e i ew York s 30! thres-eightd of 1o 18 3-16 . 1 ! £ $27,439,100 DURING By the Associated Press. NEW YORK, October States stocks of scored one of the largest suspended the % U, S. GOLD STOCKS RISE |eral Reserve mink | net gain of ga1.¢ DAY | 33505500 15 gola ensma: 53 534 105% 103% 1054 85% 84% B84% % 7 NOVEMBER 1, 1931—PART SIX. Epectal Dispateh to The Star. PARLEYS PRAISED Business Magazine ' Finds Hope for Better Under- standing in Conference. ~% - % - % -n -2 ~2% -1 | _“The Hoover-Laval conversations were | well worth while,” says the leading edi- | torial in l‘thh it issue of Business " 4 good thi for peopl | with perplexing vmbln:‘ y statesmen. who rarely see and still ¥ | more rarely understand each other, to talk them over.” the editorial con- tinues. “No doubt the conference has | made it clearer to both what each is up against, although the public does not know much more about it than it did before. “But 1t is clear that any action that may be the outcome of this tonference 1, | will be long delayed. Necessary and in- evitable as they may be, negotiations over war debts, conferences on security, o4 on currency and exchange stabilization, | Leghorns not so desirable, and on the re-establishment of some| Wih all pcor light fowl i E i £ I i ail F o 5 =8 8 g :... = ek 4 sort of gold standard, will take time | TOOSters selling at 12 to 14. and encounter politieal difficultiss in|@ucks of the white variet; each country. and over, in better demand at 1 Domestic Problems. “We in America need not and should not wait until all these tangled prob- lems are straightened out before set- ting our own house in order. Effective international co-operation is a task for the future. In the end all our efforts n direction may prove unneces- sary, for the accelerating trend toward intensified nationalism is not so un- soupd as it seems on the surface. “Anyway, in the meantime we must live as best we can by our own efforts and on our own resources. Unless we deal with our domestic lems suc- cessfully we shall not be able to help the world very much. "g:;’ most important and pressing will not bring over 25 to 27. The market continues dull for white votatoes under modern receipts and a slow demand at 75 to 90 per 100 pounds, e i e L 0,2 a ", s bring over 75 wm“w is the strengthening of our system so that it may better serve the needs of American business and assure the security and effective use of the savings of our people. Inci- dentally this problem is of supreme 1 | importance to the res tof the world, for the most that we can do for them, and what they most want, is for us to lend them more mon: But before we can do this we must lend ourselves some, find a way to put our resources to work and expand domestic credit so as to restore the normal values and relationships of goods and services. “This is the immediate task that con- fronts us, and there is none more vital to the recovery and future prosperity of American business. Every other issue that 1.25 for will not at the following - Stringless beans, 1.50 to 2.50 bushel, but tifuls will not beets, virginia Boun- over 75 o system, some way & part of that problem. “As soon as we make a fair start on this task the effect upon our economic life .will be electrical, and astonishing to those who are still unaware of its far-reaching influence. This question |7 of credit control is the hardest nut that capitalism has to crack. When we come_to the kernel of it the con- sequences for the standard of living of mm'mnmuuflumw in a pro a 50 completely with . The t‘l’yl'lnmlc forces determine our des- Finese things are said in order to in- dicate why the Business Week has de- editorial voted and will devote so much attention to the crucial h-flm1 structure and credit policy which have been wec‘t’pfilluud by this depression and which come up for | This continyous consideration during the “?n'fl'u the homework which the ‘week o A e American ; and unless ‘we can pass the inevitable examination in it, we shall fail in everything else.” AUTO CARTEL PLANS FIND SCANT SUPPORT |£:: Citroen Returnin gto Europe After | & Failure to Reach Agreement With U. 8. Interests. Food Index Lower. NEW YORK, October . —Brad- street’s. weekly food M‘xl < resents the total (Reported by J. & W. Sel 0o, "ln “Il 1 & b Allis-Chal American American BY EDWARD W. MORRISON. Special Dispatch tp The Star. DETROIT, Ottober 31.—Andre Citt roen, automobile manufacturer, is on his back to Europe, full of | Repu lu-nt'reeo mh of the two weeks = e spent among erican plants, but it little support, for his Plan ot ‘an | % ternational cartel leve! U v | distant lands. by co:‘!‘ Olu'om;l Dlljn. Vmed before the ference of major lustries, for & pool of automobile manuhcturmmnd to develop highways and service in 107 countries where no factories now exist. W, further, that used au- tomobi h:';. be ‘flv?l: ul:o these countries je_for the lowering of tariff barriers. These, he implied, would muhte a demand for new cars at a 3% | pressed it later, no it cartel of this kind could expect succeed without the co-operation of the world's largest mn;u‘l’:cmn of mwrflvehicl 3 owever, even had Henry For his officials signified some :ypmvgl ‘:: is doubtful whether the idea would have advanced very far on the — % |other manufacturers. upon. As a further-obstacle to troen’: gehn stand \‘.I:‘ well Umn‘l‘l-et?’ s BALTIMORE, Md.. October 31.—Un- | B R A ; om By Fik . asgeullounesueBPius ~Bo, & ¥ i#; PR S ) A gt § § g - '483 of ) B S tes to firm; trading fair; 1.00; Idaho Russets, No. 1, 1.2581. NEW YORK BANK STOCKS NEW YORK, October 31 (). —Over+ Open Until 5:30 P.M. Monday, November 2, for Pay-day Depositors’ Convenience : That Have Never Been Found Wanting —in all our one hundred and seven- teen years of business—are at the dis- sal of “Metropolitan” customers. The advantages of association with such a bank are as available to deposi- tors, carrying small balances, as to others. YOUR account will be ap-. preciated, The First National Bank in the Unifed States, to be Trust Powers, under the Fe National Metropolitan placed in one form of invfstment. 1 ‘ OLD”T NA_TIONAL BANK IN THE DISTRICT OF ‘-W.m. 3 o[l ' 15th ‘Street Opposite U. S. Treasury -