Evening Star Newspaper, November 4, 1931, Page 15

ICRUDE OIL QUTPUT [P Comeien & nggsr ‘ 2 GAIN IS REPORTED! ;. 5. a. Commiseee win Uige Slinnidani IN FIRMER Expansion in WOrk of Institute of Rising Grain and Feed Prices International Finance. - CURR SHARES SAG " AFTEREARLY GAN Received by Private Wire Direct to The Star Office. Stocks sold In 100-share lots excent these desienated by Ietter Btock Bales— and Dividend Rate Lone Star Gas n $8c. Long Island Lt (60¢c) Mavis Bottiing (A).. Mead Johnson (15) Mewph N Gas (60¢) . Sales— ~Pruy. 1991~ Add 00. Open. Hirh, Hieh. Low e 5 % Leaders Sell Off in Later! Dividénd Rate. Low. Close. Ainsworth MIg...... Alexander indust .., Allegheny Gas Corp. 1 Aluminum Co of Am 1225s 51 Add 9. Open. - ] NEW YORK CURB EXCHANGE Hirh. 49 6 2 24 3 o Dealings, but Losses Are Small. BY JOHN A. CRONE. Bpecial Dispateh to The Btar NEW YORK, November 4.—After! , starting out higher and actively, today's Curb Exchange session slackened its pace about midday and drifted lower. Renewal of efforts by the Pederal! Trade Commission to examine records ! of transactions by Electric Bond & | Bhare not cirectly In interstate com- | +merce were not likely to prove helpful to that fssue, Citles Service was vir- tually unchanged. | Porecasting the declaration of th"i usual common quarterly dividend of 50 | cents, Starglard Oil of Nebraska opened | up 2% points. Further advances in oh prices and the firm fone of ofls in London trading benefitted such fssues @s Humble OIl, International Petroleum, Ohio Ofl preferred and Indian Terri. tory Itluminating Ofl in the forenoon Reflecting the irregularity of wheat tices, Deere & Co. eased, but Bunker g1l Sullivan firmed in response to the stretch of silver. Edison Electric IMu- | mineting of Boston made one of ite | oceasional tape arances at & net | gain of 2% point Curb prices open Electrie Bond & higher. are at 20% was up %, Cities Service at 7% was off 'y but Iater advanced. Standard Ofl of | Indiana at 'y gained ', and Middle | West Utilities at 11 and American & Forelgn Power Warrants at 8l also| were a shade higher ly softness of the London mirrored here at the open- ing s news of the better tone which developed later in the English mart did not arrive here until after the Jocal opening. Ford Motor, Ltd., at 8 Jost ', but Brazillan Traction at 107 Tose Pennroad Corporation was a trifle higher at 4'y. Humble Oil advanced more than i points. Declaration of an extra divendend of 50 cents by Parker Rust Proof was not at once reflected in its price Ford Motor of Canada A gained. Natural Gas Shares were in- clined to heaviness. MILLION-DOLLAR RAIL ORDER IS ANNOUNCED By the Associated Press | BIRMINGHAM, Ala, November 4— | A million-dollar rail order yesterday | #dded impetus o the upward trend of | mctivity in the coal and iron industry in the Birmingham district. by ‘W. R. Cole, president of the Louisville .& Nashville Railroad, announced the placing of an order for 22,000 tons of &teel rails and approximately 3,000 tons of accessories with the Tennessee Coal, Iron & Railroad Co. or initial ve would start upon receipt delivery tes. At present prices the order or;grtsenu between $900,000 and $1,000,000. ‘The United States Pipe & Foun and the National Cast Iron Pipe ©Co. recently shared in a 32,000-ton or- der for pips for Lincoln, Nebr. Delivery on this order already has started. Other pips manufacturers are operating ap- proximately 50 per cent of upu:? Domestic coal producers reported the cold snap over the week end brought an increase In orders and the prospect of more employment in ‘coal mines. CARAHCEL PARIS BOURSE PRICES. PARIS, November 4 (#).—Three cent rentes, 34 francs 60 centimes. PFive cent loan, 101 francs 95 centimes. hang» on London, 85 francs 69 cen- . The dollar was quoted at 25 francs 4213 centimes. Boles s >>>23>% EeEREEER" ama_Pow bs inum Co bs mer U & E 5 Roll Mill 58 ch Gas 4111 Z3255 e 26\, R 1 " Cable & Wire B rets. W 1% s b4 s 12 204 14 24 Alu Co of Am pf (6). Mid St Pet vie A 2. 4 Dayton Alr & Eng %« East Sta Pow (B)... Alum Goods (1.20).. 1 1% Aluminum Co Ltd 2 33 Atum Ltd C war Am Beverage. Am British & Am Capital B. Am Capital profs%. AmCIt PRLBbI0O% . Am Founders. ...... Am Gas & Elee (11). Am Invest Ine (B).. Am Invest war Am It & Trae Am Mfg Co pf (5) Am Maracatbo. Am Natural Gas.... 17 Am Superpwr (pddc) 117 Am Superp st (6)... 2 Am Util & Gn 8 vte.. 10 Am Yvette (25¢).... 1 Appalachian Gas.... 5% Appalachian Gas wr. 11 Arcturus Rad Tube.. 2 Arkansas Nat Gas.., 3 Arkans Nat Gas A... 50 Ark N Geu pf (60c). 12 ArkP&L DI (T).... 30s Armstrong Cork (1), 1 Art Metal Wks (60c) 1 Assoe Elec Ind (30¢) 1 Ass0 G&E) A(b2-25). 15 Asso G & El war 44 Atlas UtHi Corp..... 4 Atlas Utilities war.. 4 Bell Tel of Can (8).. 508 Beneficial | L (115 3 Bickford's (1.20) . Blue Ridze cv pf(ad) Bourjola Inc (26¢). . Brazil Trac Lt&P1) Buft N&RP pf (1.60). 2 Bunker Hill & Sull.. 25s 1 nadian Marcont 13 rier Corp.... 1 t Pub Sve A P | t Stat EI (b10%). 23 Centrifug Plpe (60c) 2 cit rvice (g30c) 154 Cities Serv pf . Claude Neon Lts Inc, Clev Bl lllum (1.60). Colon Oil. . . Col O11& G: ! Cmwith & Sou war.. 3 Com Wat Ser g12%e¢ Consol Copper. . R Con Gas Balto (3.60) Consol Gas Utll (A). Consol Retail Stores Coot Shares cv pf... Cont Sha Cooper Bess pf (A Cord Corp. 50 00 3 2 2 3 6 1 4 3 | 1 . s 't 7 1 5 5 wa Cusi Mex Mining. Deere & Co. . De Forest Radio. Derby Ol Refining.. Detroit Alreraft Driver Harris new Dubflier Cond & R: <82 rea Bannars East Util Assoc (2). East Utl) Assoc cv. . Kdison Kl Bos 13.60. Eisler Electric. ..... Elec Bond&Sn(b6%) 37 ElecB& Shcupfs.. Elec B & Sh pf (6)... Elec Pow Assoc (1). Elec Pow Assoc A (1) 1 Elec P & Lt op war... Empire Pub Sve (A). Europ E Ltd A (60¢) Europ Elec deb rts. . Evans Wallow Lead. Fandango Corp. Foltis Fischer C Ford M Can A (1.20). Ford Mot Ltd 36 3-5¢ Foremost Dairy Pr.. Fox Cheater (A).... Gen Empire (1) Gen G&E cv pf B(6) Gen Theat Eq cv pf.. Glen Alden Coal (4). Go'dfield Consol Goldman Sac! 8 Goth Knitback 3 Great At&Pac(163%). 108 Gt At&Puc Tea pf(7) 80s Guif Oflof Pa (13%). 19 Hageltine Corp (1).. 3 Heollinger Gold(65e). 1 Hudson Bay M&S.. 16 Humble Ol (1214).. 15 Imp Ofl of Can (50c) 12 Imp O Can reg (50c). 1 Imp Tob Can (85c).. 2 Indian Ter 111u Oil A Insull Util 2d pf (6). 1508 Ins Co ofNo Am #2151 Insurance Security . Int Petroleum (1) s - ~ enRan~ wlomatowadad 0 ‘3508 4 1 t Ut (b8 % Mid W Utev pf xw Mo-Kan Pipe Line. .. Moody's I8 pt pf (3 Mountain Prod (1) Vat American Co at Aviation...... Nat Family Storey Nat Fuel Gas (1) Nat Investors. . Nat Pub Sv pf ( Nat Service Co. Nat Sh T Sec A t60c. Nat 8t Corp war % Nat Sugar NJ (2). Nebel (Oscar) . New Eng Pow pf (6) New Jers Zine (13) New Mex & Ar Land. Newmont Mining. ... N Y Hamburg (214). N Y & Hond Ros (1). ag-Hud Pow A w iag Sh Md (40¢c) Nordon Corp Ltd.. .. Nor Am Aviat A war North European Oil. Nor St Pow pf (6)... Ohio Copper.... Ohio Ol cu pf ( Otistocks Ltd (A). Outboard Mot A.. ... PacG & E st pf 1%, Pac Western Ofl. Pan Am Afrways Pandem O11 Pantepec O1 Parke Davis Parker Rust Pr (3) Pender D i Pennrcad Perryman Electrie. . Philip Morris Ine. .. Phoenix Secur Corp. Pierce Governor. Pllot Rad Tube A.... 43 Pitney Bowes (b4%) 1 Pittsburgh&LE(110) 50s Plymouth Oil (25¢) .. Prod Roalty (b10%). Prudential Invest. .. Pub Util Hold war... Pub Util Hold xw. QR S-De Vry.. Quincy Mining. Rallroad Shares(40c) Reliance Manag..... Reiter-Foster. Republic Gas Corp Reynolds Invest. Roan Antelope Min Rock Lt & P (90c) . St Anthony Gold. ... St Regis Paper (60¢) Salt Creek Prod (1).. Sexal L & H (ai0c) Seiberling Rubber. Sentry Safety Ce Skenagdoah Shenandoah Corp pf. Singer Mfg Co (116).100 South Penn Oil (1).. SoCal Ed pf B (1%). Sou Cal Bd pf C(1%) Southld Royalty 20c. S W Gas Utllitles. .. Spleg May Stern pf Stand Motor Of of Stand Oil Nebr (2). 2 Stand O11 Ohio (21) 1505 Stand Oil of O pf (3). 40s Stutz Motor Car. 3 Sunray Oil. .. Swan Finch Oil. . Swift & Co (2). Swift Internat’l (14) Tampa Electric ( Technicolor In¢ Teck HughesGM t65¢ Texon Oil&Land (1), Tob Prod Exp (10c). Todd Siupyard (4).. Tonopah Belmont. Trans Air Trans. Trons Lux DLP S Tri-Utilities. .. Tubize Chatel. B. Tung Sol Lamp(1) Ungerieider Fin Cp. . Un Gas of Canada (1) Unit Corp war Unit Founder: Unit Gas Corp. 2 Unit Gas Corp w, 1 Unit Gas pf (7).. 3 Unit Lt& Pw A ( 34 URitL & Pwrpf(6). 2 U'S Elec Pow ww 10 U S Foll (B) (30¢)... 1 U S Playing Card 2 Utll P&Lt(ar1.02%). 48 Util Pwr & Lt pf(7). 100s Utility Equities. 1 Util&Ind ... Venezuela Petroim. . Vick Finanelal (30¢) Walker (H) (50c)... 51 1 an 1% 0% i 100 | 1 10 1% " “ @« 91 # 84 4 ‘|an international conference to restore *| mittee of bankers, inqustrialists, states- *| men and economists will be organized .| to urge the establishment of silver as a * | conference. » | stabilize silver prices, tions Elsewhere. | By the Associated Press TULSA, Oklahoma, November 4— Increases in Okmhoma and East| Texas fields overcame slight decreases | in other parts of the United States { and brought the daily average ofl pro- duction up 42.244 barrels to 2422418 barrels last week, the Oil and Gas | Journal says. Oklahoma production was 518,615 | barrels daily, an increase of 36,505 barrels over the average for the pre- ceding week. East Texas production was 417,729 barrels dafly, as compared | with 406,288 barrcis daily for the pre- | | vious week. Kansas produced 102,740 | varret as compared with a pre- vious y average of 101,045 barrels. The total midcontinent production | was ~1,508.223 barrels, as “compared | (with a previous average of 1,453,655 barrels |~ Eastern production was steady at 116,000 berrels. California produced an average of 494,000 barrels, a de- crease of 13,500 barrels. The Rocky | Mountain area produced 93,867 barrels daily, as compared with a previous daily average of 94,683 barrels. 'SILVER CONFERENCE | URGED BY SENATORS U. S. Mining Industry Watches! Efforts to Stabilize Price of White Metal. | By the Assoclated Press. How and what to do about silver re- mains an absorbing subject in Capital circles. Champions of the metal got but little | comfort from the joint statement of | President Hoover and Premier Laval. |In the words of Senator Walsh of | Montana, they interpreted the state- | ment as a provision for continuance of the gold standard. Senator Jones of Washington favors | silver to_the world monetary system. | Senator King of Utah believes a com- | basic money. Declaring that the gold supply is becoming depleted, Senator King stated that the only hope for world credit and solvency is bimetallism. At the recont conference at Portland, Oreg., attended by the Governor of that State as well as the Governors of Utah, Wyoming. Idaho and Nevada, a resolution was proposed requesting the | President to call an international silver Conferring with mining men_and | labor leaders at Salt Lake City, Presi- | dent Green of the American Federation of Labor declared that organization is interested in restoring a reasonable purchasing power to silver. He cited the importance of the mining industry as an employer of labor, and the rela- | tionship of money to labor and com- | modities. Representative Arentz of Nevada an- I nounced he will introduce a resolution | in the House asking President Hoover to call an international conference to 4.9 PER CENT IN NET |Bank Summary Reveals Fair Re- turn on Many Investments During Present Year. BY CHAS. P. SHAEFFER, By the Assoclated Pres 1 NEW YORK. November 4.—Better protection for the hundreds of thou- sands of American holders of foreign bonds is one of the major projects of the Investment Bankers' Assocfation, it | was learned here. | | Tising One of the important reports to be | Will be considerably expanded and pop- prices, says the Unlfieg made at the annual convention of the | association, convening at White Sul- phur Springs, W. Va. next Saturday, will be that of the Foreign Securities Committee, headed by Allan M. Pope of | the First National-Old Colony Corpora- on. This report is awaited with Intense interest, in view of the huge deprecia- tion in market value of the foreign bondholdings in the United States, worth at parity more than $8,000.000,- 000, as result of unsettled conditions abroad, and defaults by some of the South American governments. Would Expand Institute. The committee is particularly inter- ested in expanding the scope of the Institute of International Finance, which the association organized in co- operation with New York University in 1926. It is proposed to enlarge the ac- tivities of the institute, so that it may do all that seems feasible for the as: clation to undertake in the way of pro- tecting the investor in foreign loans. It is not customary for the associa- tion to make public the reports of its committees prior to submission to the Board of Governors for approval, and. therefore, details of what changes are proposed in the institute will not be available until November 9, when the report will be made to the convention. Mr. Pope, as chairman of the com- mittee, however, explained that no ne- cessity for the formation of a new as- socfation to fill the requirements has been found to exist, in view of the fact that the institute, already organized, has its staff of experts, and undoubt- edly the best reference library on in- | ternational finance in America. The nstitute has been_hitherto pri- marily a fact-finding body, issuing monthly bulletins giving information on | various countries. Work of this sort ularized. Nine experts have been added to the staff, and information on coun- tries in default is being prepared in considerable volume. The first publi- cition of this character, soon to be issued, will be on Chile. Work has already been started on other reports. A Recognized Medium, It is hoped that the institute will be- come a recognized authority on foreign investment information, both for e public and for members of the Invest- ment Bankers' Association. The insti- tut> has been for some time in com- munication with foreign bondholders’ associations abroad, and is now de- scribed “as the recognized medium to whom assoclations in Europe look to this country for working out cf prblems { of mutual interest.” It was disclosed that the Committes on Inter-American Relations, the mem- bership of which comprises most of the important industrial concerns doing business in Latin Ameriea, had recently held a moeting to discuss the invest- | ment situation, at which Gen. Palmer | E. Pierce, chairman, expressed confi- dence in the thoroughness with which the Investment Bankers' Assoclation had studied the problem of meeting the pres- ent emergency, in particular regard to South American securities. Gen. Plerce expressed a willingness to co-operate along the lines which have been laid out. Other important subfects to come be- fore the assoclation will be the situation in real estate bonds and in municipal obligatio: Everybody’s Business . ise in (To:umodv'z{n Mate- Senti- in Financial and rially Improves ment Business Circles—Worst Passed. BY DR. MAX WINKLER. Special Dispatch to The Star. NEW YORK, November 4.—Senti- ment in the financial and business circles seems to hsve’ improved ma- terially. The impressive rise in com- modities, led by wheat, has contributed greatly toward bringing about change for the better. While it is true that the problems still awaiting solution are many and complex, it is within reason to cssert that the werst is passed. This, of course, presupposes no untoward oc- currences either in the United States or abroad, where the situation is stiil fraught with a great deal of uncer- tainty. The serles of conferences between i leading statesmen, the repudiation of radicalism by British voters, the changed attitude on the part of creditor nations toward intergovernmental debts and reparations, the cessation of gold withdrawals from the United States on a large scale for the account of Europeans, the return of confidence s evidenced by the practically comiplete dln;?elnnce of hoarding and last, but not least, the thorough liquidation of both securities and commodities have exerted a very favorable inflyence upon prevailing opinion. Effect on Oil Shares. Although improvement in securitie prices has been fairly uniform, the il shares would seem to have given a somewhat more satisfactory account of themselves marketwise. The reason for the rise in these shares is due to an advance in the price of Mideonti- nent crude and the belief. that all im- & portant purchasing companies will fol- Associnted Press Business Writer. | Corporation _reports that have been | published during recent months indi- | cate the year’s operations, generally, | will show a rather respectable return | {on investment. { | A tabulation of the statements of low suit. The advance came somewhat as a surprise because it was thought that since the heavy consuming season for gasoline was drawing to a close, no changes would be effected. In resard to ofl shares, it is also worth bearing in mind that the ofl industry is one over the world, according to a state- ment issued by the directorate. . Atten- tion is alsodrawn to the fact that the line of cars announced last June has| met with a cordial reception and given general satisfaction, In order to solve its budgetary diffi- culties, the city of Budapesi is consid- ering a plan by which it will become possible to lease the municipally-owned utilities, including the street raflway and the clectric works. It will be re- membered that the gre-wn loans of the city are secured by a lien on the gross receipts of these undertakings, which are paid to the trustees, so that whatever arrangements are made as to leasing the properties, the consent of the trusices and of the bondholders will be required. ¥ e (Copyrisht, 1931, it i 1. by the North American ewspeper | ance, ne.) New York Cotton Epecial Dispatch to The Star. NEW YORK, November 4.—Cotton prices were 8 to 9 points lower at the oponing of the market today. Profit- teking was general and there was also | some exténsive hedge selling. The trade bought on a scale . | Opening prices were: December, 6.50, off 8; January, on’J! ll“ off 9; May 6.94, and October, 7.41, off A CHICAGO LIVE STOCK MARKET CHICAGO, November 4 (A" (United States Depariment of Agriculture) — Hogs—Receipts, 26,000 head, including 4.000 direct; fairly active; 5-15 higher; 220-300 pounds, 4.70a4.80; 4. g 40084.50; paciing “sows” 4184 pigs, L. .50 SOWS, 2 455; light light, good and choice, 140~ 16) pounds, 4.40a4.60; light light, 160~ £05-550 povnd. 4/8504.85; meary welght £09-250 pound-, 4, ; heavy 5 | 257-350 pounds, 4.6584.85; 31‘5"4Mm um ""flé‘”"" IB:”‘ 4.1004.60; 'au3l T A choico, 100-13) mna‘.’?mm. Cattle—Rccoipis, 12,000 head: cal 2.000; strictly good and choice steers and yearlings o&:a\"a on fitw-fl% selling very une over & range, but mz-t - steady; 12. 2 te] pounds, 8.25a12.00; 1,100 Prove Boon to Commod- ity Situation. Action of the markets for farm products —was comparatively good around the first of month under the leadership of in and feed tes Depart- ment of Agriculture, Bureau of Agri- fiunur_;l' !k;mt;u:‘k.; lur:u News Serv- ice. ‘Trend of dairy an prod- ucts is still unsettied WM‘ declines, and live stock was a weak feature in late October under liberal supplies. Cotton prices hold " fairly well. Gains are more numerous than 2’»&,:\5 in the frult and vegetabie mar- e Potato Markets Irregular, Sacked Green Mountain potatoes were down to 45 cents per 100 pounds in Northern Mame near the first of November and the same variety brought 80 to 85 cents on Long Island. Western ew York shippers received 63 to 70 &nlf rl\nmr:;nd whiru;ld and the Non:; ntral S Tepol A range of to 59 cents per 100 pounds. Shore of Virginia sweet potatoes steady at ping points around 80 to 85 cents per 5 Apple prices tended slightly upward in producing sections. 'orks brought $2.35 to $2.50 per barrel at Potomac Valley loading stations. Western New York Baldwins were firm at cents per bushel, while cold-storage Green- ings sold $1.25. The active season is about finished. ork Seckels and Kieffers were jobbing on a slightly lower basis in_terminal mar- « kets, &Ly prices of Eastern grapes were steady to slightly weaker, The Western New York cel ket is stronger. Cold-storage two-thirds crates returns $2.65 to $2.75 at shipping points. Bulk Danish ;{pt cabbage advanced at Western New Jmlnu. Onion markets were un- Egg Markets Fairly Steady. Follo the sharp declines in Eflm du; mid-October, the vu"r! Novermber, particuterly. an. mong neioot 3 larly on mixed from the Middle West, which were gtl:)ly moderate mp‘;!y’ B !nm Tage eggs seem W sell E on the basis of mnnznzuoum in some cases are making 7 :u_‘u_lhom on large rlgu. P e nmmr{ markets have shown cenuynmrctmofcmmnh.z mand, so that receivers have had to send considerable stock to the As a result of the dressed poultry rqorlue storaf ‘arehouses on being confined the better known brands, clthmw-veryllnhtduhn‘t‘.‘- 4 Butter Market Unsettled. Recent lot int butter market ..sfifimc&'&m:fl'mz parently felt that had mfid enough and held back their stock. The market tone in 3% | more than 200 varied industries en- % | gaged in major manufacturing and in ' lretail trade, compiled by the Na- 1% | tional City Bi shows a net annual 20 lreturn of 4.9 per cent after all charges, but_before dividends. | of the first to feel the effects of the depression, It is not impossible that oil shares may lead the recovery. | _The discount at which the United States dollar has been quoted on the | leading continental European exchanges 8.25212.00; 1,300-1,500 12.00; common and m: pounds, 3.50a8.25; heifers, good and choice, 550-850 pounds, 6:25210.75; common and medium, 3.0086.75. Int Superpwr($1.10). Watson (J W) Co Int Utilities B...... Interstate Equitie Irving Air Chute (1) & Kerr Lake 6 12% B 24 % “Y" Ol &Gas e S 1 03 21 3 B -1 LS e e B 3 170 151y Kleinert Rubber. 1% Lakey Foundry Lake Shore M (12.80) Lefcourt Real pf (3) 121 Len Coal & Nav 1.20. 29 Dividend ratez in dolinre based on nual_payment. dividend & Plus 6% in Ci Flus 05" 10" efogk +sear—iio k. nPlus 8% in s:0ck. b Paid Iast quarterly or semi-an- TPartly extra. Bl b BaTable I stegh & Adiistioei e Adjustment nPlus 1% in m Plus 3% r s up 0.9 per cent, net up 7.4 Per ! net income $2.458,048, equal to $1.08 & class A shar The list includes the statisties of 171 companies of 24 major industries in this country and 34 miscellaneous com- | panies. The third quarter of this year re- | sulted in deficits for 60 of the report- ing companies. Offsetting to a certain | extent, however, was the fact that 49 | of the reporting companies improved their standing over the corfesponding has been reduced very markedly. At the present time, the dollar in Switzer- land is quoted at 99.02 cents. In Am- sterday, it sells for 99.95, followed by Paris with 99.75 and Brussels with 99.74 cents. It has besn figured out that the Swiss franc is the only currency which is still above the gold export point— | Cows, good . 3.50: common and medium, 2.75a3. cutter and cutter, 1.75a2.75; bulls (year- lings excluded), good and choice (bzef), 3.7524.50; cuiter to medium, 2.2523.85; vealers (milk fed), and choice, 6.00a8.25; medium, 5.0086.00; cull and common, 4.00a5.00; stocker ond feeder cattle, steers, good and choice, m,oin um, stocks on hand. o2 Wheat at New High Level, R PR it | | CORPORATION » num:i.’fl;‘ s‘- ’,‘ : :- REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. pounds, 5.00a6.75; common and Shell Union Oil deficit, nine months > to September 30, $23,641,126, vs. net in- come 6.678, equal to $2.07 a pre- ferred | Yal Towne Mfg. deficit, nine months t5 September 30, $276,168, vs. | net income $144.602, equal to 30 cents a common share, Marlin Rockwell common share earn- ings. nine months to September 30, 59 cents, vs. $2.15 Paramount Public common _share earnings, nine months to Octcber 3, §2.32, vs. $4.59 in nine months to Sep- tember 27, 1930, United Chemicals—Declares 50 cents quarterly preferred dividend; formerly paid 75 cents United Verde Extension Mining— Not to sell copper at present price. slorado Fuel & Iron—New high-| grede iron ore today discovered at Sun- vise, Wyo.: will make further outside purchases by company unnecessary. Ford Motor—Production schedule re- ported to call for 65,000 cars over Te- mainder of year and 70,000 in January, NEW YORK, November 4.-—The fol- lowing is a summary of important cor- paration news prepared by the Standard &' | Statistics Co.. Incorporated, New York, 911 | for the Associated Press. News Trend. Revenue freight car loadings creased to a total of 769, the week ended October 24, which com- pares with 761,719 cars in the previous week and 959,335 cars In the corre- sponding week of last year, according 10 the American Railway Institute. In- creases were Teported in miscellancous freight, grain and grain products. coal and live stock The Companies. Alieghany Corporaton _preferred i share earnings, 9 months to Septembe: 30, $397, excluding loss of $3683 on' sale of securities, vs. $5.04, including profit on sale of securities Amerada _ Corporation _deficit 9 1. | months to September 30, $968.060. Vs puiman net income, $4.173871, equal to $453 ing: g & common share Coca Cola_Co. common share earn- T r ings betore Federal taxes, § months to cluding discor september 30, $10.35, vs. $9.83 rtires retired; GQuatter Federal Screw Works deficit 9 31 1 cent o ths to September 30, $174,890, vs. United States Steel subsidiary net income $240,480, equal w0 $151 a e Coal, Iron & Railicad Co., re- common share. 00,000 r3fl order from Louis- 5 shville Ratiroad. soump Motor Car October shipments i LA ‘Sprine & “é",:mt',"v': R Do °d renew 11 its automobile ¢ National Public Service Consolidated upholstery sn‘.‘lxa\lgs St g {gross 12 months to September 30 up Borden Co. cuts price of milk in 8 per cent; net before deprecistion New York metropolitan area 1 cent & .| uP 179 per cent. quarter: cream prices advanced | "National Steel common share earn- tional Dairy Products cuts price of |ings 9 months to September 30, $1.75, o | 42. ot dhe'prun 3 Massachu Gy s share 30, d Union Co. common 9 months to September ® | 5145, $1.64. 5 in- __Hydro Electric Securities net inc cars in [Tom dividends and interest rece ™S M 12 months to September 30, $3440.837 666. § Vs Crown Cork Corporation. BALTIMORE, November 4 (Special). —The Crown Cork International Cor- poration and subsidiaries for the six months ended June 30 reported net profit of $100.568.66. as compared with $203.991.63. eccording to a statement just mailed out by Charles E. McManus, president Net sales for the period totaled $2.- 150.031.53, as compared with $2.634.- 682.32 in the initial half of last year The consolidated balance ~sheet showed total current assets of $2,603,- 359.10 and total current liabilities of $1.074.892.97. Cash in banks and on hand totaled $309,801.16. SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) Coal—Co: s llis-Chelmers Co. s 193 3 % me & Co. takes mo action on second preferred dividend; paid $1.75 September 1 American Smelting & Wefg. reduces price of lead 15 pointr > 3.85 cents Grain Market By the Assoclated Press CHICAGO, November 4.--Grain prices turned downward early today, responsive to weakness in _Liverpool wheat quotations. Large offerings of Argentine and Australian wheat for Europs were reported. Opching *ga’s cent lower, wheat con- tinued to sag. Corn started 14a% off and subs receded further. Heavy parently profit-tak- big operators who were recent did_m to influence wheat des, the aggressive 50 conspicuous a s decidedly curtailed s fell to about 3 cents under top level. A bearish factor 5 an authoritative unofficial estimate & Reynolds—Sales in current ober 26, off 16 per cent: ting at about 50 per cent PIPINITPIIPIIOEL2L22 Buick—October ship- 5.012 units, vs. 11,171 year ag3o. engel Co. deficit. 9 months to Sep- 3 $162.215. vs. nei income equal to $4.65 a $7 preferred m- 4 common share _e: to September 30, Inc. montl esterday },BANK CLEARINGS GAIN IN MONUMENTAL CITY | Special Dispateh to The Star. BALTIMORE, November 4 —Bank clearings for October totaled $326,880,- Lor & Wheeli & ‘So. nde 4133 ccep. Corp. 6s 1937 100 N 8 SEoleum Corp, 35 e Grand Tounk'o R Houston : W. Te; ork metropolitan area 1 ) &% Texas 35 s Lieht Co. 65 93 Cent" & I 4 1934 Chi_ & Si. L. 6s 1983 Telep. 4'25 1934 Co. 6153 1036 FOREIGN BONDS. - {"n}(( in New % oo 49 s. $3.42, cent a quartes ST ] Niagara Hudson Power—Power author- | Neisper Bros. October sales off 4.2 Foo Mte Ty G ity withdraws request that Public Serv- | per cent: 10 months, up 3.4 per cent. ald_Ind Bk ] a * |ice Commission withhold approval of | New York Central Railroad cuts sal-| P. Qeus Mua g i, | sudsigiary’s application to construct Al aries of employes getting $330 to $500 :%(v 8848 « | bany-New York power line. monthly, 10 _per cent. over remaindy i xpected to total us(;fl:!’.‘s Vs, $3.47. Entire 193 79,000 :‘n’;\]{n o Q“XA def- uth Porto Rico Sugar—! re 1 to o uipment def- s 'wg:muon arN m.og‘ tons n;s %mflmw ieit nm’:flmrofs::"g Egem?g‘nber 30, thern New land Tel ne— | $276.700, vs. 3,400. : lmmm-uwuwuunm o S g | > Radios t income, | eamings up 11.9 per cent, nine menths' | nine nqfif{.‘.m'. ber 30, 8622, vs. | ] nt Bk Co m Pr BE te T8 iy 21 Ger 1] Ger n T A house. last year totaled $423, nd were $97,008930 in excess of the same month this year. | Debits to individual atis- |l ation | 545,11 8. L LMS R Orion Elec 14 & o 5 U b of Calif. 5s 1935 & Power 5s 1934 | that is to say, Switzerland is still in a show. through the excellent carnings of 'ya ®0f ' late shown certain signs of | ers: outsiders, 6.35a6.35; some hold | of the semson. on an annual basis; 16 miscellaneous 550; all weights common, 3.5014.5 the domestic wheat belt, were cent and 9 banking firms, with 114 fayorably affected, according to D. F. good and,choice, 4.50a5. . under reduced selling were 17 iron and steel companies, 5 Byl points out that the shrinkage | | In late_October 50 cents to $2.25 expense, however, was charged against | e tinued iheis Wward: ot | prices continued their uj months amounting to $1.88 a share, it |vey. They have reported on their in- a share. | Alaska Railroad. Bohn, president of Bohn Aluminum. | area contains over a million tons of tory at a profit. The company carries | said to be reserves of from 25000 to Mr. Bohn also points out that busi- | Were held to ext in the Kantishna terialize. These factors, together with |lead and silver, and ore having a gold | were that 58 per cent of the 1931 do- company's earnings. | "An ail-important _question was the | from Moscow that Russian wheat ex- |Is tackling the dole Rroblem. Changes | sel charterings. Meanwhile, it was an- | As the measures to be taken will re- 5,233,000 the week previous, and that | plications ‘Whether the B sympathized with wheat mar-' While small, earnings of the Co. 5s 1239... N osition _to withdraw gold from the . receipts, 30,000 head; weak to| Domestic wheat markets con . | The combined return of 49 per Eiiaqstates at a profit, 25 lower than yesterday's close; fo| frm and advanced during the crepsed export de-- certain groups. Included in these are Dighers # weakness, the quotation slightly above | higher; feeders sharing decline, mostly | mend for North American wheat as . 3 printing and publishing = concerns, yia gold export point nced mot be | 4.6084.75; lambs, 90 pounds down, good | a result of the smaller off ‘from and choice, 5.50a6.50; medium, 4.50|-Runl;=lc‘d the tmmfi: mttt food products hot with return of Favorably Affected Earnings. . 90150 TRt B e ther with unfavorable growing cons 139 per cent; 1 large automobile man- | garnings of Cream of Wheat Cor- |1.25a2.75; all weights cull and common, 1t, cipal reesons for the market per cent Rye and feed grains - Bull, treasurer. i, Among those industries making the |~ Gommenting upon the decline in DEPOSITS OF MINERALS [light offerings of cash seed. non-ferrous mining companies, 10 pe- 'y tion. 4 Drice Maaie Mill F Higher. et SompanicS. and 3 eoai-inbeg | X35 die fo s reauction in price made| |N ALASKA VALUABLE gl & how yas Sharged Against| Valusble mineral resources are ca-|fon. The stzensth was fairly well e prece mol , o o Eard:d as Ixnan-rncurr(‘m. item. | pable of development in Alaska, in the ( diyided between the various The bulge in prices which began & is reasonable to assume that carnings vestigations this year under a special ago has carried prices back to for the entire year will suffice to cover | avpropriation provided by Gonmu to prevaill the - The metal market is confidently ex- | Increased development of lode gold bly | deposits in the Fairbanks district ¢\ Mr. Bohn expresses the hope that |ore of a gold content of between $4 to his company, in the course of time, $5 a ton. about $4,000,000 of metals inventory, | 50,000 tons of ore with a gold content purchéised at prices somewhat in excess | of $20 per ton. ness fell off considerably in the last |district. The report also pictured the two months, and that the expected sea- | Mount Eielson district as containing the curtailment in the motor industry, | content of $80 or more per ton was . | mestic marketable wheat crop had yet Bohn Aluminum's principal customer, | said to be available in the Valdez Creek 3334 | been disposed of by growers, compared Dole Problem Tackled. extent to which export demand for R United States wheat would deveiop,| Great Britain's coalition government, ts would continue, Liverpool 're- |are contemplated which are expected | Ported persistent absence of Russian ! to save the nation about £10,000,000 a nounced that exports of wheat and sult in the elimination of a considerable flour from the United States last week | number of tl who have hitherto may X since July 1 the aggregate was but 39,- | hoped-for improvement in general busi- 687,000, compared with 63,052,000 the | ness conditions will be sufficient to off- ket setbacks. Motors Co. should be considered e Despite upturns factory in view of the general new el and conditions V: 0! 1 good cent was made possible, the statistics | ~'mowever, since the Swiss currency | choice native lambs, 5.7526.00 to pack- | week of October & which reported a net of 183 per cent ) congidered of great significance. ditions for the new erop in ufacturer, with a return of 134 per poration in_coming months should be [1.00a1.75; feeding lambs, 50-76 pounds, .00, the advance in wheat. smallest return for the current year profits during the third quarter, Mr. n Prices of wheat mill feeds advanced osATiER | the refund allowed to customers. This | By the Associated Press With “tatnings for the first nine | OPinion of agents of the Geological Sur- | pey (i, fecds, month l the level in full the prevailing dividend of $2.50 | determine probable tonnage of ‘was B.|referred to, it being stated that one should be able to dispose of its invel In the Eva Creek district there were of prevailing levels. Promising gold and silver deposits | sonal upturn in September did not ma- | hundreds of thousands of tons of zinc, | mand. | doubtless will find reflection in the | district. | with 66 per cent in an average vear. | Notwithstanding new official assertions { Which is predominantly Conservative, 97 ' | offerings and cessation of Russian ves- | Year. hose totaled only 2401000 bushels. against |shared in the dole, it is likely that com- nding time last year. Corn | set these is too early to state. habilitation program has visions refl s in the Virgin Islands. cereals. % Varianis nts. o - 3 5 007« accounts of the ¢ 8 house banks amounted to 3339,~ four ended fl-um 2 3 s Vi w % of hog values pro. action been -