Evening Star Newspaper, November 4, 1931, Page 14

FINANCIAL. THE EVENING STAR. WASHINGTON. D. C. WEDNESDAY, NOVEMBER 4, 1931 FINANCIAL, COPPER PRODUCERS | [ NEW YORK STOCK EXCHANGE | BONDPRICESGAIN | (oo voe BONDSmeceeensves] FREIG BUSINESS Received by Private Wirg Direct to The Star Received by Private Wire Direct to The Star Officé. i | UNITED STATES. Sules. Hieh. Low 2.38 ' e e 1 ion aw. Divdead Rate. A6 ? = e Hien Tow. 23 R N o, 30 61 a0 e Stock and Bales Net. B2% 28 Stand OII NJ «12)... Lib 3% s 32-47. 103 99 30 9926 9928 | Il Cent 4% "66. A8y A8y igh Low. Dividend Rate. Add 00 High Low Close. Chee 24 9 Starrett(LS) (12%). - i L 1st 4% 8 32-47 194 101 11 1018 10110 [ (11 Cent 6145 '3 88% 88Y% e i 20 10 Norands Mines - B 14% :' . a3 ' N w Hl h Avera e R" ch d’ L 4th 4% s 33.38 101 15 10112 101 12 :ll CCStL&N 4 %8, . 1 48 50V Ad = ‘ c i H | 217__112 Norf & Westn (112). h 143 142 . 217 % Stewart Warner. ... e 1. 11 CCStL&N 68 A 3 B2V 534 U. S. Commission Is Urged | 213 Xorte ens i e e s ) ) :iNew Hig ge Heached 3 T w sze oan | Advices to Commerce De< Py 26 or Amer(bl0 % atk) s 26 Studebaker Co(1.20) ' ‘! 2 US3%s41-43, 7 9 96 Inland St 4% s B'S1 3 to Protect Industry 57 41 North Amer pf (3).. « 118 Studebaker pf (7). 100 | in Recovery—Many Issues |/'83%2443. "8 553 & 972 |IntRapTreses... § 56 66 5 partment Show Better 1071 K74 North Am Ed pf (6). 2\ 24 ' . Superheater (215). . 3 " Ll 4 A% s 42-47, 9624 9 Int Rap Tr sta '66 8 5 . 607 19 Northern Pacific )., 2! 7 M e e e e €180 . 2 5 g 3% = 46-56. Int Rap Tr 6s"* b Against Imports. T N e & Hib s ». ST % oaek e 18 in Demand. s 485 {eesL atey roe [t Rap Tt SR Trade Abroad. 19% 6% Ohlo O1). .. . b . " » 1 — USeiumer-s2 105 18 1059 10516 :flngdrfl El 68 . % ' 5% 1 Oliver Farm Equip. . 2 ' R « e L 1 2 BY F. H. RICHARDSON. Sales, Mish._tow. 2:38 | 1ot M CoSarctal.. Business indicators in some parts of BY LOUIS E. VAN NORMAN, 65 1% Omnibus Corp.. . ... Tex Pacific Coal&Oil | Abiemi parp s 210t 380 40'% . pa 2 2 + - > 5 3 * - p-- Int MM col tr vy 20t £l #%).. 17 2 s Tex Pacific Land Tr. 7 : ecial Dispatch to The Star 3 M th Y While copper producers from many | e g ous e . NS A PR o -5« D by a Adams Exp 48°48. . Int Pap 65 A *4 e world, which have been depressed { 1 veven NEW YORK, November 4. Bonds Allegh. vy Cp 58 "44 B rts of the world continue their in- | 2013 Owens 111 Glass (2). 25 2 Third Nat Inv(m - g ¥ g i 37y, | Int Pap 6s '55. for months, today showed improved | conferences in New YOrk in an | e e e Thompson Prod 1 20. advanced in active trading today, | 5 IntT&T44%s trends, according to cabled reports ree B B e B B Pacing Ligting (8 R 4 : Thompuon Starrett. . : 1 reaching a new high average price on | Are! LAt & ov SN wINL ¢ 69 69 | cojved by the Department of Commerce. - b oo re 7 208 1122 21, 45 9 Tide Water Asso Oil. the recovery. While the improvement | 9 " " E'.,‘:..““"" are appealing to the Tariff | 1313 ::-clflc;r;:&.’l'll::;;)l 0 : Tide Water As pr(6) b 8 Bpobi i s p( nt - Ttaly 7a'51 E 9 The general trend of the markets and p: m'l-mn ‘u: pmuclmt‘t;’" :\:Illwu '_:cr::"( » ':'»";'"“p, - < 2 Timken-Detroit Axle ‘x:_ :- . :pn,:‘“pfl: fa:\';ln'\:;' :c‘.::mnl::’ - Italy Pub 8 7 s o sentiment in Great Britain was report- rom Increasing com wi or- e 2 r . 9 N o! 2 { only been s E S - ¥ 2 o . 3 PArk & TIfOG....ex 3 ] . Timken Roller B( > .| index of 60 fasues, the actual gains in | Am1G ChE%s Japanese s4s [ed stronger with the abandonment of o i 50w on the free tak snga] 1 4 Park Utah. . v 4 fobarco Prod A 19 : p *|the second-grade group have been |4 MctalGdee - . the gold standard given as the cause, tariff is demanded by various producing armeles Transport. 555 Toiltancottion OouD, . p much g The heaviness of prime | 4T S G871 C¥Wa 2. g g8 |anCity Sou sa'so, Conl, textile and automobiie trades are| companies, supported by members of b by - 4 3 Tri-Contl Corp...... 1 . ues last week has held down the|am gu'nergs 3z. 21s 102% 102% | an CIty Sou 3x'se. 6 leaders in the uptrend movement, the| Congress from Arizons, which, accord- | 434 Eatino Mines... . - 5% 241 Trico Products(2% 2 . | average advance Am TET ov 43885 R o A D ' | department said. ing to Senator Ashurst, “mines more R N _— While the stock market was dull re- - 1020108 | Rareentt s ab British advices also pointed out that copper than any other State in the el g A" i e *| flecting reactionary grain markets and N ekl S unemployment, though still _mmich Union, while this product is the only i it e O vt i) further weakness in foreign exchanges, b Kl Y higher than last year, has recently de- metal not protected by the presen! Peoples D8 pf (635 ) Union Pacific pf (4) . 7 .| bonds had a number of independent gt clined. tarifr." e b o . : actors on which to base an advance.|{ Am W Wks 5s '34. . 2 Lackaw St 58°50. .. i| The department’s statement on the Technical Ablilty. Sty Covy BT-AM(1) 5 e Dot sy A B 4 i one thing, the States of Missourl { Am Wat Wks 6s '75 3 " [ B AvE e 1 »| week's development brings out the fole Up o & few years tgo the extent of Phelps Dodge Go. .. . Unit Afreraft pf (3). | and Minesota both sold issues of bonds | Am Wr Pap 6s '47.. ieley s %0 9 lowing. additional facts: 5 ! U 40 21 Sterling Sec cv pf(3) nion Carb & (2.60). nion Oil of Cal (2). Pere Marquette pr pt % . PhilakRending nit Biscuft (2). 2615 4 1,|around a 425 per cent yield basis. | Argentine 6a Ju's3. Laclede §i4s “Several indications of better busi- pesources, condition, of equipment, in- 3 o ot i s | These constituted the first long-term | Arrentine 5148 '62. 51 e N ness have appeared in Italy, including mgnwhnlul skill for development nit Carbon 3 g loans of any size arranged by a State Argentine 83 Oc's9. 915 5 Lllh:dtc '51 sl- the continued stability of lira exchange, ced the per industry of the Phillips Petrol + 8 1 nit Cigar Store or city since gnnlum;rw;r off the gold | & UGB MY T L., the unusually small adverse trade bal- b e B o A R Pierce Petroleum. 5 1 DU Unit Eleetric Coal. : 3| high-grade bonds since that time. Arm Del 534843 : oviitars oo s tu opy | Telief for unemployment which has ‘Te- years. however, the exporting of techni- ‘% Pllisbury Flour (2) : O | Unic Fratt (4). . 4 3 : 3| New York State 45 as a consequence, | Atchis 4n 1903 2 80% Torillard 7s *44. 9 07 | cently been increasing, and the favor- cal ability by the United Btates to vari- 8% § S . nit Gas&Im(1.20).. were bid for at better than a 4 per cent h T \.a & Ark 58 '6/ 1 9 47 | able reaction to the increase of 15 per ous copper centers of the world, accord- - ¢ s b o WE Unit Gas&lm pf(5).. 5 yvield basis and many uum; prime mu- | A% "“”n: . > Lon G & 1916852, .. 4 1011; | cent in ad valorem dutles; foreign trade ihg to Government experts, has ren- ~ 3 Dot itio A TohiAD - i . Express ' ' . | pictpals were in demand. United States Atl Ref ab 68°3: . - I, & N uni 4s'40 r It 921, | during September recorded an rt dered the position fhdicated less secure b ! o v . . O cscmall | L tralin 4340 ‘66 L&N 1st 515 T 9 4| balance which is extremely unusual in I JOW YRk Amloesnom dn. of- Prajrie Oll & Gas.... 5 ¢ 9 50 21t U S Gypsum (1.60).. : Sies Were also igher. Atchison gen- | Australia Gs 'S5 - it g Ilfill’::npfnonmnm"mru increased durin Jru s bosg mwde Gy Moy e o Prairie Pipe Lin A , Hoftman : eral 4s. for instance, touched 92, a new | Australia 63 ‘67 541 | McKes & R 534 °5/ 5 | aiinet e Coraral R s B e A, e Preysed Steel Car. ... : : 203 Indus Alcohol. .. 138 32 4 1| high, on the recovery and up 4 points | Austria 7s ‘43 3 . e R g g o it ahic oathas the i e B - - Pipe & Fdry (2). 6 from their Tecent low. American Tele- | Austria 7867 ctfs, ey bt e T v e "Rt i oty Proct & Gam 2.40) 1st1 5 hone 5s were firm around 102'; and | B & O 4548 o M T ! ‘ e e he metal abroad. Since the producers met Prod & Refiners pf. . ] - Basihty A Ei0D. F 4 1P s 3% an s Midvale Stl 55 '36 9 the balance for eight months is also . < has tically no nE y 3 | American Telephone 5'.s were quoted |B & O 43%s '3 . 2 ] i’::n::n:ntrl:: l’::‘":’:l!z:rfln in the Dol ke ubber |close 1o 106, Firmness characterized | B & O cv 4% 9 Milan 638’52 much better than for the corresponding Public Sve NJ pf (5) T Rubber Tst vf... 2 Norfolk & Western 45, Great Northern | B & O 1st 5848 : MU ERY &L Soé1 e copper industry, except & further drop Public Sve NJ pf (6) 2 10 S Stz & Ret (1). S Duguesne Light 4735, Utah Power |B & O rf 6895 M) KI Ry&L¢ 88 71 k Although juyoslevis SIS & 18 of | cent a pound in the price of the Pullman Corp (3)... 6 : + U S Smtz&Ref pf 3 38 381 - 1 Ve i bl LR ool G “m o metal. Por several months, however. PureOil. ... + U § Steet Gorpn (&) 260 6 B 1% | Siandare Sil of New Jersey b aad Gt 5 : T e o there has been practically no real| 15150 @414 Pure Oil pf (8)... ] USSteel pf (7)..... 3 eral Motors Acceptance 6s, : 9 - —_— h"".b".mn - "f‘“mn. market for copper. 56% 12 Purity Bakeries ( . - 4 United Stores (A). .. 2 2 2 In junior bonds the most active is- “ ¢ Mo Pac §s F '77 Sl pureHARing [PORNE B ,.3‘:.; The ’“""‘““ "l““.‘f“fl_':r"'(,‘,’% ot | ~F7% 1% Iadio Corp. : 3 3% 4 2 United Stores pf (4). 2 3 3 sues were the oils. This buying followed . e v Shn SN oy Sy .’1:;«;:: &”,'.?‘nf’d in m"é?.‘:‘&'&?.“'wfif.‘x‘& 3% Real Silk Hoslery... 2 3 - 3% 2 S e 3 ¥ vance in oil stocks. Phillips Petroleum 9 53 ‘lfn unsatisfactory without of result in increasing first costs, and these 13% Real Silk Hosiery pf. - 2 K 3 5 2 5148 gained a point. Atlantic Refining | Belgium 6s '55. 0 mediate improvement. uncer- initial expenditures usually Tise as the % 4 Remington-Iiand.... 4 ' 22 a 5s. Pan-American Petrcleum 6s, Sinclair | Beiglum 6155 '4d. .. 19 b E tain exchange situation reduced rate of output declines, Since then 3 Reo Motor Car(40c). 4 9 9 4| Oil 65 and 7s, Shell Union 5s, Royal | Belgium 7855 z 3 African business during October, roduction has been some 20,000 to 5% Republic Steel...... 4 7 2 32 Vuloan Detin (4). ... 9 Dutch 4s, Texas Corporation 5s and | Belgium 7s '56. 9 Nat Dairy 5% s 48 g gold mining practically the only flour- 0,000 tons & month above consumption, 156 Republic Steel nf. 1 6 - 5% WA R, .. e P « | others rose 1 to 2 points. Bell Tel Pa 53 B Nat Steel 6. ishing industry; the wool market sendipg stocks to the highest level in - ',;:;::',“'“yfl‘;, o et 1 " 17% Waldorf Sys (1%) ‘vpgoxx\:lisnr;crg‘ Erm;]gr‘“lg\: gzcni’r:‘c-mbx;- 5 been upset by ol comy 545 35% Reymolds Tob B (3).. 1 : T * | mondity markets were calculated to aid o B 1 o he % Richfleld OIl. .. 1 . . b "o |the bond market in retaining its firm desia, and the Belgian Kongo. as well . 2 Warn Bros Plctures. 42 6% 6 g e i ol L 5 ol :h:;o?:m oo g s il L e ; Forcign dollar bonds were virtually | Bolivia NY A little more than half uf the world’s 5 53 Wesson Oil&Sn all higher, the most active improve- | Bollvia 7a 69, N Cent 4148 2013. ‘copper ction is supplied by the ay Strs pf (7). 9 9 9 x 5 WestPaEIpf(7)... 20s 8 215 ( ments occurring in German _bank | Bolivia 8s'4 NY Cnrf 4145 2013, United States. This country, together 9% St Joseph Lead (1).. 2% & 27 % West Pa Elec A (7).. 508 3 3 g’ndi LYnung l=hmli 5‘ 3 a;)’d Dawes 5;’2‘.’:‘;,,‘,‘.‘,".‘..,' 1 :‘chcr:':&: 013 Kon 65 StL-San Francisco. . 2 9 9 9 31, 90 West Pa Pwrpf (6). 108 98 9 a8 eparations 7s. ritish 51.5 were & 3 5 . i Vi B B oo 714 StL-San Fran pf(6). B 12 13h T Weat Pa bwr pf (1), 308 1081 108% steady. French government bonds were | Bos &Me5s'67...0 1 177" NY CAStL 4% 7. stock, Before the World War the con- 7 St Louis Southwn 2 4 Western Dairy (A).. 16 16, o high%r. The South American group 2::::: g;- 26. b R{;CCI;!'!!L:!:-A;N. 8. .. g 44 K 4 Wes Dairy (B).. 4 was firm. 2 32. Seathy ouble "That ot ' the ® Unted Schul : U 5% Westorn Marsiand. . T - In the domestic list the railroad fs- | Brazil 8s°41 hag L) States, Since the war Anierica: has Schuite Stores pf (8) 76'% Western Union (6).. 3 % 79 sues were again receiving encouraging B:lt;zn;y{n'l; lg 4 Fd 18t 6%s'41 been using more than Europe. 4 Seaboard Air Line 5 3 6 Westinghse A B(2).. X 18% 181 - support, notably junior bonds such as Bx Ed & AVB oy 4 4 4 ’ 5% Seaboard Ofl. . 3 9 75 39% Westinghouse (23). 7 Missouri-Pacific 55. Erie 55 and Nickel | ) 154 &0 A §8 49 Increase in Production. d'a :::":z‘:;,:,n?iz%) 4ls | Westvaco Chlor w(ufin. 3 13 E ;,g\rzlgc ;:A:hdlr‘;g:rsrt‘;:_al;r;:cg‘:‘suggdgz Bkiyn Un 1st bn : 3 3 { trade bal , but industrial ac- rs Roebuc ‘ 9 36 MWheeling Steel pf 3) 3 5. 6s i : e SN S Yeats 1% Second Natl Inv..... 2 2 2 2 White Motors....... ~12 1 : reflected the firm tone in stocks. High- | Budapest 65 '62 45 tivity 13 slow, She credit positien re. 1931 ‘and 1033 “there e 1 33 Second Natl Inv pf.. ; | 221, White Rock (1435). 32 grade bonds were firm. uenos A 6s'61 Pv. mains strained trade e g 3% ServelIne. . ... % 5% - | g White Sewing Mach. : 2 et SR Buff Gen El 4 is 19 11 Shattuck(FG)®1%) 2 5 4 5 9 3 Wilcox Ofl & Gas. ... 5 E + % BR& Pitt 434857, 3% Shell Union Ol... 3 - 1 Willys-Overland... . ; 3 - Calif P e R R R 2% Shell Union ol ot ai 3 Wheon & Co'cAs. " {TRADERS SURPRISED | ottt pecking se e ou of estic origl , how- Co. . 2 | 73 Aoprins o - 5 C ever. drcpped off—30 per cent smelter e, § e ) TR MR 100), . T . BY WHEAT ADVANCE|¢ ! Nor Am Ed 6a°% and 21 per cent m:fnéovm ol 3 _lm/. smm:rg?ln-:x ?“" e 50% Wrigley (Wm) (4).. 2 67 6 » r Am Ed 68 C r"‘* 7 Sinclair Ol pf (85 0y - i i uring 1920 was 176 314 Skelly Ol. 3% Yellow Truck... 3 e Can Nat 4%, NorOT & L 6 '47. ‘an Nat 434568 . . Nor Pao 2e 2041 und. The European pro- ol : » . 19 Yestwn Sheet&Tube. 1 2 2 1 Disod. |6 y ’ clou ‘political 12 Sloss-Sheft Steel p! e Reports That Soviet Will Discon. e Ntk Ner Pac 48 °97. . tainties, flm is fair in the by 124 Socony-Vacuum (1), 5 5 5% 1 Zenith Radio... 7 South Port RicoSug 24 7 Zonite Prod Corp 3 : ; : - 580t 89, 3 § Nor Pacr 1 68 2047. « | hat and price §i SouP RicoSugpf(f) 160 97" 92 95° -2° EIGHTSEEPIRE. tinue Selling Grain Prove e 2 Nor St Pw 68 A "4 It is this drop in price, the| 5q, 283 Southn Ca) £d (2). 64 - % % ElPw & Lt, Nov, 10 R S 2 Bullish Influence Can Nor 4148 '3/ 5 9015 90% iy Wt e P e 45 Southn Pacific (6) M 5 4% 3% Peop G L & C.Jan15 2 4 o Can Nor 645 db 46 3 10215 103 causes, that has created the main 14% Southern Rwy (mé 8 o -4 : @ Can Nor 7a 15 140 problems now before the industry. 83 24 Southern Ry pf (5).. 2 | Sales of Stoelfs on Nevnr York Exchange. SR e Can Pac db 4s 10 7 slowly. The new factor of immediate inter-| 76 35 South Ry M&O ct(4). g 2 2 4| 10:30 AM.. .. 200,000 12:00 Noon. 500,000 | By the Ass Can Pacific 4%5 *46 Ogden&L Ch 4s markets are maintained est in the world col situation 1s| 13w 315 Sparks Withing (1). 1:30 P.M... 800,000 10 P.M. 900,000 CHICAGO, November 4.—Prices of|cCan Pac4%s 60 Y Oreg-Wash 48 '61. . 78| tralis snd iy 5. the role, as_yet uncel , of the re-| 171 3w Spiegel-May-Stern.. k + | Dividend rates as given in the above table ai wheat for deferred deliveries, supported | can pac 5s '44. Orient dev 5, 8'58 70% | proved.” Prices sources in Rhodesia and the Belgian| 20'% 12% Stand Brands (1.20). % cash payments based on the latest quarterly or half- by public and Wall Street buying orders | can Pac 53 ‘54 Orient dov s 124 It has been estimated that in 118 Stand Brands pf (7). 9 g 9 U, e dividend sLess than 100 shares, sPartly extra $Pius but deserted by many professional|cent 111 GAE 5a'51. Pac G&E 5 101% & Pal s 8 . Pac T&T 1st 6837, t 101% % 1014 | Brokers’ Comment Rhodesia there are reserves which may | »8% 29% Stand Gas&E) (3% ). 2 39 | 4% 1in stock. {Plus 9% in stock. year—no regular rate. | traders, werz bid up in the Chicago|Cent Pac 4s’49. 101% i i i Lo L make possible in 1939 an annual pro- | 51% 28l Stand Oil Cal (h2%). 8 8 3 bpayable in stock. ePayable in cash or stock. fPlus 8% in stock gram pits yesterday until they were 20 | Sent pac 5s '60 duction of more than billion pounds| 106" 88ls Stand Oil Exp pf (5). ad 98 e 3 Alodt B’ this Tearno redudr raie. & Piss 0% in | Cohe HIEDCE than they were less than | Cert-td ab 5t gy the . lus 212% in stock. A Wl anety face of a large amount of profit taking | C& O gen 434892, ? This is what is s ing American copper producers I and' apparent selling by the Flrm'g:g“fi‘:BA{gi e |0OLD STOCKS RISE | | wASHINGTON STOCK EXCHANGE | B e o e e 524555 climbing brought from professional | CB & Qgen 15 38. | . ~ o CB&Q Il dv 3%s'49 - : QUOTAT[ONS AND I)AY S bALES ;‘rj:grn »Lhe frank admission of their CB&Q I dv 4343, Bilitaors: Maikiors | At the maximum prices for yesterday, | 1 & Est [ll 58°51. . deferred deliveries were changing hands | Chi Grt West 4559, | SALES. |Fed-Amer, Natl. Bk. & Tr. (0. 41 g0 |at almost 3 cents higher than Saturday Chi M & St P 48789, Bpecial Dispateh to The Star. | Liberty (7 and at prices that were 40 per cent|Chl M&StP 43 E. BALTIMORE, Md., November 4.— | Pot. Elec, 515% pfd.—5 at 106%. [dpealn, (XD, o0 % higher than the low point on October 5. | C M&StP 4% s 89 White potatoes, 100 'pounds. 75a1.10; | Lanston Monotype—7 at 75. Rizgs 1 155) i 3 Russia’s declaration through Berlin | C M StP&P 68 ‘75 sweet potatotes, bushel, 35a50; beans, | Federal Reserve System Has Mergenthaler Linotype—8 at 63, 2 at 63. | fecorg fer 0 ies 219 lthat it had not withdrawn from the Robs s 4304 W0 bushel, 50a2.25; yams, barrel, 1.00a1.25; AFTER CALL. B s = wheat market came after the market|C 4 ""‘!:; 58 '56. . Per . 10030 anpace poneia6a | Billion in Excess of Legal | capital Traction Co—10 at 24. 3 at 24 AR Gl f,‘e"s:fi‘-«fli?'fer'“flfr e oveamue o r quart, 10a20; cabbage, bushel, 40a api i % ; - be an Wo vears furnis B0: carrols, ver 100, 2.5083.50; Jeituce, Pot. Elec. 5!5% pfd.—2 at 1063;. Continental, 475 we |2 striking bullish factor to the re- 1 | Peru 7s'59.. . proro!nne 2.?0113.25: caulifiower, crate. Requirements gJIS_}z.]G# Gts‘ 3—5-31005&; .1327]-- Prince Georges Bk. & T¥. (8) awakened market yesterday. C& W Ind cn 48'52 7 ::“: g?:e'l:"’“‘ 1.00a1.75; celery, crate, 1.50a2.75; cu- . apital Traction 55—S. 5 Wash Tosn & X b e e K 2 . 21 ; . R. & E. 45—8500 at 86%. ash. Loan ( ; i Phil & Read 654 ;1‘:'!:::! 5’%”:‘50“??&”».&'1"5‘&‘; w“hBiRd &nnEd :v:ked Prit:ez SAVINGS BANK. Baltimore Customs Receipts. | Caile aavey. Philllp Pet 538 '39. 2.50; peppers, hamper, 25a75; eggplants, | By the Assoclated Press. o o ¥ ¢ s .| BALTIMORE. November 4 (Special). . Phillppine R 4s'37. crate, 350a4.09, onlon, per 100 pounds. | NEW YORK. November 4—The Fed- BONDS. s Washington (12)..011. —-Customs receipts ¢t Baltimore last | Chile Cop db 5e 47, LA A 1.75a2.00; oyster plants, per 100, 5. i A e o month were reported as $1,132,496.28, a | CCC& StL 55D . 6.00; spinach, bushel, 30a60; tomatoes, :’:x:‘;“:;":hesi’:;:“m":;:;n ‘;e?rc‘r:‘:; PUBLIC UTILITY. s A i 12 | docrease of $354203.22 from " October, | Christiana 63 PocastL i BT, hamper, 40a1.00; turnips, hamper, 15a | Amer_ el & Tel. 4145 '39 United Stntes (30 S | 30" 11930, when the receipts total " 4 . 25; canners’ stock. 2.00a2.50: lug boxes | huge aggregate of some $1.000,000,000, Am. Tel & Tel el ir. 850 WL o B s (30) s 60 | 699.50. PEINE LI apples, bushels, 50a1.50; cantaloupes, | says the Federal Reserve Bank of New Ana. & ot g..... Lo o SROMARE RN | yohe recelpts for September, 1931, |Siey Torm Sikm e erate, 1.5002.25 | York in its monthly review. | Garial Traction Re R. & & Corcoran (111111 o | SIS Colomb 6861 Oc Reie Mowpes | This is despite the fact that the net | &3 & SRUEN" 13t 55 1100 103 | National Union (i) i7" Colo & Sou 4148 '35, c,hkkrlm.h.\'t\\m;a'i ;:"mhmhmfi;' loss of gold in October aggregated Botomac Elec. Cons i TITLE INSURANCE. B . gn;ucagds;og‘ 0];/..‘!0. i 'S, a23; jorns, old, otomac, ec. s Columbia (6h), . & eesa s 2 . T e e Jai4: ducks "12a19: | $439,000,000, “probably the largest gold | Wash. Alex. & nett 2 Ll RO Bstate C(H) uying a Bond ol GaNcqnvorer o a month ago. Ches Corp 5s°47... Paramount 6s '47 Puris-Ly M 65 '68 Paris-Ly M 7s ‘68 Paris-Or 5%s E. F. Hutton & Co—It is evident that the market has acquired a toler- ance for adverse news and an - .flunnwnhm a favorable interpreta 103 ;o0 any development which is open to 9214 | tW0_viewpoints. This seems more im- 101 |Pportant as a const factor BRORBERS—NeD aRBIs A~ Rama 2 L @ 1 60, Por RAm T 6s'42.. Pos Tel & C 5s'55. . Prague 7348 '52. Prussia 6s '52. Public Serv 4s°'71,. PubSvG 4%s'67.. Pub Sv G 4%s'70, Pure O11 5%s'37... Queenstana 65 '47.. Read Jer Cn 4s '51. Rem Arms 6s A '37. N CaSalefomnanionN ~nnmma Y Brnuuon vSona vSaBuaieunicnns conhaBea Rl caBanfiRlu8nmcia John Muir & Co.—There is that recent developments have in a material im it ment, However, there are problems awaiting - solution, mention the snags to be met more important ones are dealt with, Scmething more enthusiasm over the now recognized and are given consideration, is the basis for sustained ival lished. 8 b igeons, pair, 25a30; guinea owls, Palr. | movement ever experienced by this or | WISHIHEL GR 8710 2 MIBGRTLANBOUR: $rthmmin bt o3 6a53; turkeys, 25a28 aer country.” The review point- | Whsh Gas 6s. series £ i 1. Medical Bldz, Corp. (8).... 3 CC Md st rf 5850, Receipts, 924 cases, current| “1Y °Ll‘ i s e ks - e s . 02 | G0l Band & Gravel pra. (b o BY GEORGE T. HUGHES. Con G NY 43351, recelpts, 22n30: hennery whites, 38a40; | ©d_out. however, that the outflow di-| Wa Ry, : D © Paper Miz. prd < Siaie 7B % Con G N Y 63584 nearby firsts, 32; western firsts, 32. minished considerably in the latter part MISCELLANEOUS, o 9 3 Having determined the position in|Con PwrJap 6%s Butter—Good and fancy creamery.|of October. and that dollar exchange Barber & Rosg inc, 1 to £ 9 the capital structure of a bond the pur- | Con Pow Japan 28232 ladles, 20a22; process. 24a25:|prengthened to the point where the | Commbia Gountry Ciib i . 100 A e } chase of which is contemplated and | CORsum Pow bs TRY DURIE 1hste | o ;¢ Paper Mfs. 6 p i | having ascertained the nature of the |CoPenhag §s'52 Stock Market. profit in further gold takings was prac- W. M. Cold Storage 5s 9 g asind T RRe, ks ¥ et S e R L I e L ”"f +%5 head: fair sup- | UMY eliminated STOCKS. . n 4 . 1% 66 | indirectly. the next tpoint for examina- | Cuba RR rf 7%s'36 to choice, 7.2587.50; medium to good, | QN toP of A gain o i} N s o0 18- oy S . s i il 8 the principal at ma- | Del & Hud rf 4s '34. : e | v 3 - 3 1 1 1 Sech . Mg x s " 2| Dt Bw &‘::: b D i nither ‘exports of metal still more ot Eiee R TR Med, Tide o tion taxes take the place of eacnings. | Deninark 6% o V' s Wash. wY. 1 n ’ 12 3 analysis runs 1 rY Buils—Cholce o prime. none: good | {mbrovable. he _dayss \AABactions Wik Ry & E 5 E The analysls runs along different lines | Defimark éa ¢ i oo S g G f‘;“‘;’ 4"’"“‘]0-nnda and $1,033,300 from India and NATIONAL BANK. G consideration of them for Lgnpgfcggnt. D&RG W 58 '55.. B e i o pakin. 308 | & Bt release of metal from foreign ac- tal A, - .. 135 2% i1 37s extr gonfining ourselves to _corporation | D1 G & W 52 78 e Vel lo be S «l i ) 9 t - S n rom e in- ot Edis Cows—Choice to_prime. none: god Pt - . e L et to choice, none: medium to good. 37-‘“:“-%:’" rfign Reserve System still 101 i Cne Akl 10M least investors phu_\" se;f;};ffi:"::"imi'é lnims:hsl;?l! 33, R e imim | nas reserves in excess o the amount BANK STOCKS GAIN 'Thie Tange Tor the month follo more or less permanently. They there- | Dodse Br cl 6540 to fair. 2.50a3.25; common to PIAIN. | which it 15 legally required to hold he range for s Bie e S S 1.50a2.50. against Federal Reserve notes in circu- O t__{ earnings over the longer period. What | Dutch East 168’47, Helfers—Choice to prime. none: good | lation and against member bank Re- SHARPLY IN MONTH 3 is wanted s Telative stavility. not & | 1 i ! o g s i E : it T asBpempnnbnnaalBic EHacarcnSReanies Wi Rhine West Rich O] Cal Rio de Jan 8546 R Gr Do Sul 63 '68. R Gr Do Sul 85 '46. RIAr&L4%s 34, 2 Barnstaple Fair, which claims to be the oldest in England, opened this , was year by the historic toast in ale cere~ mony. Sales. High. Third Avrf 4s 2 49 4 Third Av adj 55 60’ Toho El Pw 63’32, ‘Toho El Pw 7s '56. Tol 8t L&W 4550, Tokio 5% s Tokio El Lt Un Pac 1si Un Pac ¢s e Un Pac rf 4s 2003. . StL M R&G 45'33. St L&SF In 45 A '50 StL&SF4%s'78. StL&SF p 1 55 B '50 StSWen 4s'32 P ) 5 Tas"3 to_choice, 55005.75; medium o good. | serve balances and other deposits Dot a8y St o ey SRR ot & | past C8UE'T U 525a550; falr to medium, 4.7585.25: ! amounting to more than $1.000,000,000. : For this reason it has been the cus- | piain to fair, 37584.75. common to|says the Teview. In addition, there is tom to give the preference to railroad | gris 55 '75 plain, 3254375 Fresh cows and spring- | about $1.000.000.000 of gold certificates Help Start Rally and pudlic utility bonds, which are | grie & Jer 6a'ss. ers. 30.00260.00. in circulation in this country, a consid. obligations of organizations the i s 5 Sheep and lambs—Receipts, 500 head: | erable part of which could. if desired, in October. of which do not vary from year o year | Finland 5%s ‘58 light supply, market higher: sheep, 1.00a | be replaced by other forms of cur- as widely as does that of the average|Finiand 6%s ‘5 3.00; lambs, 3.5087.50. ; | reney. e Industrial company. Up to very re-|Ein . Ud St W 5%4sC'51 Hoge—Recelpts. 600 head: light mup- - . Special Dispatch to The Star | gent times such bonds have commanded | ¥ i Shell Un O} 55 "47. A Uruguay 68 '60.... B e Reichsbank Statement. NEW YORK, November 4 —The rise YINS Dasis Ecc‘;fi;:‘l’;@g oy e Rl 3 Shell Un Ol1 i 43, 41 ‘ Uruguay roughs. 3.7584.75; light pig 35:! BERLIN, November 4 (#).— The in the Federal Reserve rediscount rate ered more conservative. Just now the French 1 ::::‘3';.03"‘";1.. - 3% | Ul Pw pigs. 5.00a5.70. Reichsbank slls(emcn: as of October 3¢ | and firmer open m: et money rates Calves—Receipts, 50 head: light sup- | shows the following changes in reichs- her with formation of the National ply. market steady: celves, 3.50a8.50; no | ma Gold and bullion decreased | (S0 S — extras. ,000, reserve in foreign currencies de- Credit Corporation, resulted in a stir- it or not remains to be seen, but the|Ge . 6 26 Hay and Grain Prices. creased 12,155,000, bills of exchange and | ring raily in New York City bank stocks ol e y\r‘ml' gerv is 'haln the investor is in-|German 5%s’6 G : v { checks increased 342.515.000. silver and | during October, Hoit, Rose & Troster terested in a non-fluctuating margin of | German Bk 68 '38. . el .,..K'.’a:‘;fi’%...’ z"fm“’%'v‘l;.ar?"..flru‘,‘-’. 474,000, report. From the record 1931 low of MODERATE RECOVERY safety for the service on his bond or |Ger Cen Bk 65'60J 8 i bty i - ,222. ¢ Y if not non-fluctuating as ne; hal er Cen Bk *55. spot. domestic; 6314; November, 83%: | ances incressed 106.228,000, other ac. 53, established on October 5. the IN INSURANCE STOCKS | as may be o i Mg, & « ke ‘l:l‘e“t:f’.‘:"_ D o 2" vellow, " domestic, spot, | 5¢t8 increased 50.069.000. notes in cir- | weighted bank stock averages rose to This is the explanation for the high 1 B8 N, nte 50 oo pagrei_" | culation “increased 373101.000, other | 73 on October 4. At this point a favor in which the utility issues are p N e, domestic. " spot, | maturing obligations increased 33,575.- | corrective reaction set in which car. | SPecial Dispatch to The Star held just now. The income of the elec- SHE-. i - 000, other liabilities increased 21.252.- e NEW YORK. November 4.—Insurance | tric light and power company has 5t00d | Goodyr Rub 000: total goid holdings, 1,144,539,000; ried the averages down to 66 on Octo- ere inclined to share in the| UP better during.the depression than|GrandTr st db 6 New hay is|HOte coverage. 269 per cent: rate of | ber 28, but in three days, the averages Siocks were inclined put | 1Bat of any other kind of industry. |Grand Trunk 78%40. 1 o~ e th ti- | discount, 8 per cent. eained § points to close October 31 at S€neral recovery during October. but) There is no set rule as to an adequate | Grt Nor gn §%8'52 :."_“‘:Et :o.(':r":un official grading has S 71, two points under the highest SeVeral issues were sluggish, and a desul- e Dkf inst!er::t requirements. The | Grt Nor gn 7836, : i - i = s . New York State sa . . 7 e rm’s ning v men! ey earn the "57. and market s dull and quiet. with|, (Reporied by J. & W. Selisman & Co) | averages shared in the advance, the | firm's weighted averages touched a mew | charges one and one-half rimes. " prsn ““::::fl:’fi’ s Wis Cent gen 4536 Poices in bugers’ favar af & range of | i pee. 18 11 ips DI jee gy | lenders belng Guaranty Trusi with 8| 193) low of 33 on Ostober 5. but rose' mbly there is a safe ratio for uttities! 11, 3% ‘84 | Yokohama 6s°61... SNELEI g ton. st e (B M7 RiEH {3 %3 | net qain of 10 points: Central Hanover, e October 31 Al50. but in the case of industrials more 23, 8 72° 73 Ygstn S@” Straw—No. 1 wheat. 8.5029.00 per ton; 31, Mar 18 %2 .. 42; New York Trust 15: City, 13, October 24 to 39 and closed . g by 3o s e B remserss N3.'1 eat, 9.00810.00 per ton. A e s, % 32 Bankers' Trushy 11!z, Corn Exchange, ai 38, for a Dot gain for the month of (Copyrizht, 1981) % v Saxon P W 6%8'51. Saxon 78’4 Seab A L ¢ Sea Al F' Unit Drg cv 68 °53. . Utd King 53837, . U S Rub 1st 58 '47.. Un St W 6148 A"47, Ud St W 6348A°51... railroads are under a cloud and their | Gelsenk’hen 6s'34 2 5 Sine Cr O 5%s '3 bonds have lost much of the former | Gen Baking 5%s 40 5 | Sine L. 58 42 popularity. Whether they will regain |Gen Motors 6s'37.. Skelly Oll %5 o2 31 246 Oclover 5 Wabash 68 B ‘7 Wabash 55 D '80. Walworth 6%s '35 9 Summasaia Warn Quin 6s ‘39 rner Sug 78 '4 258 @ Bha8ea - ERoa