Evening Star Newspaper, November 7, 1931, Page 14

"TA—14 ®= ITALY 1S SHOWING . TENDENCY TO BUY Credits and Collections Re- main Difficult, Says Com- mercial Attache. Italy is showing “a decidedly increased inclination to buy if terms are at all ar- rangeable,” Commercial Attache Mowatt M. Mitchell today notified the Com- meree Department. Credits and collec- tions, however, remain extremely diffi- cult, according to Mitchell's cabled re- ort. B Tome representative of the de- partment reported business or an up- ‘ward trend. He ci.'d a combination of factors which have caused 'what he termed a slightly more optimistic out- look throughout Italy. The apparently assured stability in lira exchange, the decreasea adverse trade balance, coupled with the protec- tion given domestic products by the newly imposed 15 per cent ad valorem tariff and the belief that the new pro- gram for public works will mect ade- quately the Winter's unemployment problem were named by Mitchell as the principal factors. Lira Exchange Steady. He said in Italian trade circles there are no serious fears of the market being flooded because in most lines the depre- ciation of the pound sterling and other currencies has been offset by the new duties. He also reported the exchange on_the lira has been steady. During September a favorable foreign trade balance was returned, the excess of exports over imports amounting to 31,000,000 lira. Commenting on this, Mitchell said this situation is considered as unusual in view of the fact that there have been but two other months in the past decade which have shown a favor- able balance—September and ' October, 1927. He reported the budget deficit for the first three months of this fiscal year ‘was 864,000,000 lira. “Lower production totals,” according to Mitchell’s report, “were registered in the manufacture of sheet, pig, steel, fer- rous alloys, zinc, mercury, cement and marble. Car loadings were also lower than those of last year. “Local automotive production stands at 20 to 30 per cent capacity, with further reductions in both personnel and ‘wages in prospect. l"g[‘!:nemployment at the end of Sep- tember stood at 748,000, which is 50,000 greater than at the end of August and nearly double the number unemployed at the end of September last year. The public works program contemplates the expenditure of 4,500,000,000 lira and the employment of 350,000 men through- out the Winter months. “British shippers are now in contsol of the local coal market because sterling depreciation has neutralized the bur- dens of the new 10 per cent duty and it is expected that they will remain in control unless mine prices are raised considerably. Lumber Sales. “Russian lumber is selling at prices which are injuring imports from other European countries. Cotton spinners are now buying more . freely, but the general position of the industry is un- changed, with spinners and weavers operating at 65 and 70 per cent capac- ity, respectively. There is no improve- ment in the raw silk lines and Amer- ica is practically the only buyer. The rayon industry is improving. “The leather lines generally and tan- mers, particularly sole leather, are very . Chemical lines l‘.re g:m. with increased purchases in chemicals and dyes from the textile, rayon, paper, paint and varnish trades. “The demand for fertilizers is show- ing an alarming decline, which is being fought by government propaganda and intustry. Agricultural results, particu- larly in the tations. The 1% filbert crop is normal and qual- ity good, with considerable demand, particularly are exceeding expec- t yleld is avove last American. The tomato has just been completed and is about 40 per cent of that of last year. It is believed to be sufficient, however, though American purchases are in- creasing. “SAWING WOO0D” NEEDED TO BRING PROSPERITY @pecial Dispatch to The Star. CHICAGO, November 7.—American business leaders can end the two-year depression by simply getting down ‘to “sawing wood,” says L. B. Manning, ex- ecutive vice president of the Cord Cor- poration. . Mr. Manning laid the country's pres- ent dilemma to “flabby muscles, brought on by way of easy selling in a seller's market; loose and decadent management, failure to recognize new merchandising conditions and problems #nd the placing of men in highly paid executive jobs for which they were ‘wholly unqualified. g He said every division of his corpora- tion has increased its sales, made greater profits and have had more work- men on its pay rolls in 1931 than in any previous year. He cited as the rea- son for this that the companies had buckled down to hard work. C DIVIDENDS DECLARED NEW YORK, November 7 (#).— Regular. Hldrs. of record Nov. 30 v. 14 .14 v. 14 v. 14 as 1 pf..... .83 3 13 Bucyrus Erie pf..31.75 3 Dec. 5 Catawis RR 1st Pay- Company. able. Aluminum Indus 5 Bankers Nat Inv.12'zc Do A... “sdc 12 v.12 rop 67 pf Crum & Forster Ins Shares A.........25c To uf.... Eauity Corp. Do pf.. Firestone 7 & R T dagimae Hart-Carter "pf.. Manischewits (B) Maisori Blahchie Miss_P&L ' 1st f.. Nat Theat Sup pi 3175 Northwestern Nat B N'W P Ser 1% b Do 6% Pf....... Nova Scotia Lt & Pow pf..........3180 Oshkosh Overail Bf.50c Otter Tail Pr (i TR Pines Winterfront . 8econd Stand Roy Crum & Forster Ins Shares A.. -2 Gy ik Y Do Bioux Do Pl....... - Adjust, Bucyrus Erie p1.20 5-6c . Liguidating. Pirst Nat Bk Part ctfs (Richmond)..34 Accumulated. Van Raalte 1st pf.51.75 Dec. 1 Nov. & Nov. 20 ced. Re. . 'ds. .50¢ Nov. 1 Omitted. Qet. 21 Oct. 31 Am eisens Inv Locomotive Fire Box Naval Stores Invest. “» t x T #6 of. 3150 et i 30c .. Nov. - FINANCIAL. REMEMBER ! 51X SHARP W T’ MORMINGT & FEW DAYS HUNTING WiLL /5UALL WE HUNT AGAIN N THE 7 477 . s e, MORNING? THE EVENING STAR., WASHINGTON, D. C. SATURDAY, NOVEMBER 7, 1931. THE HUNTING SEASON ~ MUSTHY FORGET THOLE OTHER I\ HUNTERS, CONYRIBOTE ~ ~ 0 THE UNEMPLOYMENT \ N NN (Copyright, 1831.) N FUOND To Nlanty/ ( N 2 774 s ’/ 7 N NN N R NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. - (Continued From Page 13.) Stock and Dividend Rate. 16% Nat Pwr & Lt (1)... %5 Nat R ator pf. 181 Nat Steel (2). 11% Nat Supply Co. 18 Nat Surety (2) 8 NatTea (1)...... 5 Nev Copper (80¢)... 2% Newport Industries. 3 Newton Steel. 47% N Y Central (4)..... 9% N Y Chicago & St L. 15% N ¥ Chi & StL pt. 120 N Y & Harlem (5) 315 North Am Aviation. 26 Nor Amer(b10%stk) 41 North Amer pf (3).. 87 North Am Ed pf (6). 19% Northern Pacific3). . 6% Ohto Ofl. .. . 5% 1 Oliver Farm Equip.. 581 20% Otis El 16% 3% Otis St 39% 20! Owens S s owens Lol 54% 29 Pacific Gas & El (2). 691 35 - Pacific Lighting (3). 181% 100% Pacific Tel&Teleg (1) 4 Packard Motor (40c) 20 Pan-Am Pet B (80c). % Panhandle Pro&Ref. 10% Paramt-P(m1.62%p) 3 Park & Tilford... % Park Utah. % Pathe Exchange. 41 Patino Mines. 2814 Penney (J C) (2.40). 90 Penney(JC) pf A (6) 29% Penna Rallroad (2).. 129 Peuples Gas(Chi)(8) 18% Pere Marquette pr pf 10% Pet Milk Co......... 4% Petm Corp of Am(1) 6% Phelps Dodge Co. ... 3% Phila&Heading C& 1 9 Philip Morris&Co(1) 1 % % B K Phillips Petroleum. . Plerce Ofl. .. Plerce Oll of Pierce Petroleum. Pllisbury Flour (2) Pitts Coal. ... Pitts United Corp. ... Port R Am Tcb (B).. Postal Tel&Cable pf. Prairie O1l & Gas. Prairie Pipe Lin Pressed Steel Ca Proct & Gamb 2. Public Sve NJ (3.40) . Public Sve NJ pf (5) Public Sve NJ pt (6) Pub Sve G&E f (5). Pullman Corp (3)... Punta Alegre Sugar. Pure O11. . . Purity Baleries (2) Radio Corp. B Radio Corp pf A 3%. Radio Corp (B) (5).. Radio-Keith-Orph A Raybestos Man (1.60) Real Silk Hosfery. .. Remington-Kand. .. Rem-Rand 1st pf (7) Rem-Rand 2d pf (8). Reo Motor Car(40c). % Republic Ste Republic Steel pf. .. Reynolds Metls(1%) 9 Reynolds Tob A (3). 5 Reynolds Tob B (3). Richfield O1l. . Rio Grande Oil. Rossia Insur (2, 5 12% 10% 4315 25% 5% 9%y Strs pt (1) 9% St Joseph Lead (1). 614 StL-San Francisco. T4 StL-San Fran pf(6).. ge Arms. .. bt Seaboard Oll... 315 Seagrave (40c). 31 Sears Roebuck (2%). 1% Second Natl Inv 1 Seneca Copper. 3% Servel Inc. .. 11 Shattuck(FG)(t1%) 33 Shell Union Ofl..... 23% Shell Union Ol pt. 81 Stmmons Co. .. 4% Stmms Petroleum 5% Sinclair Consol Oil. 31 Skelly Oil. . 10 Skelly Oil i . 12% Socony-Vacuum ( 49% Solv Am pf ww (5% ) 7 South Port Rico Sug. 87 28% Southn Ca' Ed (2)... 7 Southern Dairfes(A) 45 Southn Pacific (6).. Sou P Rico Sug pf(8) 110, 308 1 31 47 4 5 Y 14 2 25 103 335 5 19 . 12 Sales— N Add 00. High Low. Close. Chi 32 18 18% % % 40% 36% B5% 6% 17% 9 18 9 45% 4 & FrITad 1% P FepFeis o in stock. e 60 XEx-dividend. 47 in stock. b Pavable in stock. b Plus 2 Stock and . Diviaend Rate. 147 Southern Rwy (mé). 24 Southern Ry pf (5).. 3% Sparks Withing (1). 31 Spiegel-May-Stern. . 1214 Stand Brands (1.20). 29% Stand Gas&El (3% ). 70 Stand Gas&El pf (6) 2814 Stand Ol Cal (h2%) 8813 Stand Ofl Exp pf (5) 81 Stand Ofl of Kansas. 281 Stand O11 NJ (12) 9% Starrett(LS) (12%). 1~ Sterling Secur (A). 2 Sterling Secur pf. 4% Stewart Warner.... 13% Srone&Webster (m2). 9 Studebaker Co(1.20) 19 _Superheater (2%).. 15 Texas Corp (2)..... 20% Tex Gulf Sulphur(3) 213 Tex Pacific Coal&O1l 4% Tex Pacific Land Tr. 2 Thermoid Co. . 6% Thompson Prod 120, 315 Tide Water Asso Oil. 20% Tide Water As pf(6) 4 Timken-Detroit Axle 19% Timken Roller B(2). 1% Tobacco Products. 7 Tobacco Prod A t 314 Transamerica Corp. 8 Tri-Contl Corp. 51 Tri-Contl Corp p 24% Trico Products(2%) Ulen & Co. o Under Ell Fisher (4). Union Carb & (2.60). Union 01l of Cal (2). Union Pacific (10).. Un Tank Car (1.60) Unit Afrcraft. . . Unit Afrcraft pf (3). Unit Biscuit (2) Unit Biscuit pf (7 Unit Corp pt (3). Unit Electric Coal. Unit Fruit (4). Unit Gasélm (1. Unit Gas&lm pf(5) U S & Forn Secur U S Gypsum (1.60) . S Hoftman. .. Indus Alcohol. Leather. .. Leather (A).... Pipe & Fdry (2). Realty & Imp Rubber. Rubber 1st pf. Smtg & Ref (1). U S Smtg&Ref pf 3% U S Steel Corpn (4). U S Steel pf (1) United Stores (A). United Stores pf (4, Univ Leaf Tob (3).. Univ Pic 1st pf (8 Ut P&L(A) o12.15. Vadsco Szles pf adium Corp ‘aro Chem pf (7) Elec&Fwr pf (6). Vulcan Detin (4). 7% Vulcan Detin pf ( 5% Wabash RR... 10 Wabash RR (A).... 17% Waldorf Sys (1%). Walworth Co. . . Ward Baking (B)... Ward Baking pf (7). Warn Bros Plctures. Warner-8ros pf 3.85. Warren Bros........ Warren Bros cv pt 3, Wesson Oil&Sno(2). West Fa El pf (8). West Pa Pwr pf (6). West Pa Pwr pt (1) Western Dairy (A) Western Dairy (B) Western Maryland. Western Pacific pf. Western Unfon (6) Westinghse A B(2).. Westinghouse (2% ). Weston Elec Instru. Westvaco Chlor 1.60. Wheeling Steel Wheeling Steel pf 3). White Motors Wilcox Ol & Gas Willys-Overland. Wilson & Co. Wilson & Co pf. 421 Woolworth (14.40) 20 Worthington Pump, 50% Wrigley (Wm) (4).. 3% Yellow Truck. .. 19 _Ygstwn Sheet&Tube. 7__Zonite Prod Corp (1) ageqgecaca s 8 s s I8 s 8 s 1% 15 Bales— Net. High. Low. Close. Chge 17% 16% 17% +1 24% + % an 515 16% - R2as¥F Sxex 3 P44+ 444 4+ P I4+10 FFEIIE £+ L RIGHTS—EXPIRE. % Elec Po&Lt ..Dec 4 §Plus 3% in stock e © Payavle o in 3 Bl stock P Plus 2157, stock in_ stoc . a Paid last year— in cash us 50c in special preferred T Faid this year—no regular rate. 5 18 1% 1% 1% | Dividend rates as given in the above table are the annual cash payments bascd on the latest Guarterly or-half-vearly declarations. sLess than 100 ghares. TPartly extra. 1Plus regular rate. % in stock. or stock. . k Plus Fyot 1 Plus Rome Buildings to Be Cleaned. to gleam with a pristine wl hiteness. | ~ Victoris, Instructions for a cleaning up by sand- | duction in blast have been issued, the work to be| W. J. Wollman & Co.—The situation finished by October, 1932, the 10th -nui ROME (#).—Time-stained stones that | niversary of the Fascist march on Rome. | " Rate. Peribd, Due. ' form the public buildings of Rome are — § \ mortgage. interest. h it as changed to an extent that we be- — leve warrants more optimism than was Australia, has ordered a re- | justified in previous periods of appar- ently better outlook. ADVANCE IN BONDS Sharp Upturn in Railroad List Is Feature of Session. BY F. H. RICHARDSO! Special Dispatch to The Star. NEW YORK, November 7.—Bonds continued their advance today in active trading. The rise was accompanied for the first time in the current move by a sharp upturn in railroad bonds. ‘This reflected active strength in car- rier stocks and the spreading of opti- mistic sentiment to include the securi- tes of distributional concerns. Speculative rails, such as Erie 5s, Missouri-Pacific 5s, Frisco 41:s, St. 58, Alleghany 5s, Nickel. Plate , Southern Railway 6 bash . Western Maryland cago & Northwestern 4% gained about a point at the opening and extended this to 3 points or more before the close. In the high-grade ralls, Atchison general 4s advanced to a new high on the recovery. Norfolk & Western 4s, Great Northern 7s, Unlon Pacific first 4s, West Shore 4s and Northern Pacific 4s gained a point or more. Most of these issues were 4 to 6 points above their recent low prices. Some of the sunior rail bonds—for instance, 8t, Paul adjustments—were selling at double their lowest prices of the year. Domestic industrials were pushed up rapidly, especially the ofls. Texas Cor- poration 5s advanced to a new top on the recovery, around 88. Substantial gains were made by Sinclair 7s, Phillips Petroleum 514s, Houston Oil 51%s, Shell Union 5s and Skelly Ofl 5!,s. " A long list of industrial issues touched new high prices for the recovery, most of them up 1 to 3 points on the day. High-grade_utility issues, prime mu- nicipals and United States Government bonds were more conservatively marked up, gains ranging from fractions to about a point. The market tended to- ward a lower range of money rates, with 90-day time loans officially quoted at 314 to 31, per cent, but with many loans being placed unofficially around 3 per cent. Foreign dollar bonds were subjected to some profit-taking, but the general undertone was firm. Argentine 6s were again the spectacular feature, advanc- ing 1 to 3 points. This left the 6s close to 70, or exactly double their low prices of 1931. There was a slight reaction in them near the close. German dollar issues were steady after touching a new top on the move in early trading. British 5l%s were firm. Other Europeans were little changed. Japanese issues were unset- tled by the increasing anxiety over the Manchurian situation. Washington Stock Exchange SALES. Washington Rwy. & Elec. pfd.—10 at 94, Real Estate Mtge. & Guar. pfd.—100 at 6%. AFTER CALL. Washington Gas 6s “A"—8$1,000 at 100%. Potomac Electric 5’27 pfd.—6at106%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Tel. 41as 139, cil. tr. 5s. R. s Bid. Asked. 11 5 Georgetown Gas_1st Potomac Elec. Cons. tomac Elec. 65 1953 1 h., Alex. & Mt. Vernon ctf it Annap. 5 h. Gas 6s; series B . Rwy. & Elec. 4s MISCELLANEOUS. Paper Mfs. 65 Cold Storage 55 STOCKS. PUBLIC UTILITY. NATIONAL BANK. Capital (14) Srases Golumbia (12) 53585 9 Waskington (i3 TRUST COMPANY. Amer. Sec. & Tr. Co. (15) Continental Trust (6). Natl. Sav. & Tr. (121} Prince Georges Bk. & Union Trust (8s)..... Wash. Loan & Tr. {id). SAVINGS BANK. Bank of Bethesda (6))... Com. & Savings (10).. East Washington (12). . Potomac (10). .. 4 sEgEarw Base 85355 Wash. Mechanics (20) FIRE INSURANCE. American (12) TITLE 1 Columbia (6h) .. Real Estate (6h). MISCELLANEOUS. -Am.” Co. com. Fed-Am. Co. pfd. Lanston Morotype (8 Mer. Tr. & Mer. Tr. & St Mergenthaler N tge. *Ex. dividend. bBooks closed, nasc extra. 130 extra. §1% extra. el%a% extra, Unlisted Department. (These securities nfil ]llllld under Exchange ues) 52% extra ¥215% exi 15% extr Army-Navy Club 5s Bid. Asked Cosmos Club 4 Anacostia Bank Chapin Sacks 8- B Connecticut Pie Co. Chr. Heurich Brewery.. District Title In t Co. North Capitol Savings Northeast Savings Ba: Park Savings Bank. Raleigh Hotel "Co. Washington Savi i Washington Title Insuran Washington Base Ball Club. Woodridge-Langdon Sav. Bank. DOLE USED AS MONEY SYDNEY, Australia (#).—The govern- ment’s unemployment relief is so easily obtained and so easily manipulated now that dole tickets are being used as cur- rency in beer saloons and on race tracks. Some of the unemployed get tickets under half a dozen or more different names. One man arrested recently had been getting $100 worth of tickets each week. He was as the “father” of several non-existant large families. (o o BONDS CARRIED FURTHER, Private Wire UNITED STATES. (Bales are in $1.000.) Wales. Mign. Low. Close. 7.. 95 100 16 100 10 100 11 101 28 10120 10122 101 31 10127 101 30 9420 9420 9420 95 9428 9516 98 9831 9816 9824 9828 9828 101 9101 9 103 8103 8 107 27 107 27 Low. Close. 5% 47 50 Loint 4% 8 32-47 111 Lo 4th 4% 33.38 197 U.8 30 1061-66 3 u 19 107 28 Bales. High. 36 47 14 Abitibl PAP b Alleghany C; Allegheny 6849, Allegheny b8 '50. Am F P 55 2030.... 2! AmIGChb%s’49, Am Tntl 534849, Am Metal 534834, Am N Gas 6%s'42. Am S&R 1st bs '4 Am Sug Ref 63°37. Am TET cv 414539 Am T & T 53’65 Am T&T c tr 63 46, Am T&T 58 8 £'60.. tine 6% n Argentine May Argentin Argentine 6s Oc Argentine s A Argentine 6a I3 6/ Arm & Co4%u'39., Arm Del 6%8"43. .. Atehisey 4% m'48. . 2 Atehison gn 4895, AU CL 1st 40’62 At Gulf bu'55 Atl Rtef db b Australia 4% Australia bn* B&O4%n"33 B&Ocvi%s B &0,1at 6848 ort Bell Tel Pa 63 B B Ind Loan C Beth Stl pm b Bolivia 7s '5! Bolivia 7s '69 Bolivia 8s°47... Bordeaux 6s ‘34 Bos & Me 68 '55 Bos &Me b5 '67 Brazil 6%s ‘2| Brazil 6% Brazil 8 Buenos A 68’61 Pv. g.lllf Packing 58 °40 6 1 6 7 5 5 Can Nat 68 ‘70. 0 Can Nor 6%5 db *46 13 Can Nor 7sdb "40.. 12 CanPacdb4s..... 5 Can Pacific 4%s 46 15 Can Pac 68 '64..... 1 CarClin&O05s'38. 1 Cent Pac 45 49 3 Cent 11l GRE 58’51, 7 Cert-tddb5%s'48. 5 Ches Corp 55'47... 39 C&Ogen 4% CB&Q4%s’T 1 CB&Q1strf6s'71. 1 Chi & Est 111 58'61, . 7 Chi Grt West 45'59.109 94 Chi & NW gn 4s'87 119 C&NW 43%sC2037. 10 Chi & NW cn 4%s.. 87 Chi Rwys 5s'27 5 52 Chi RIcv4%s'60. C TH&SE 1n 55°60. Chi Un Sta 55 B '63. Chile Cop db 53 '47. 3! CCC&StL 4%s E'77 1 Clev Term 4%s8°77, b Clev Term 68°73... 9 Clev Term 5%s'72. Colomb 6s Jan '61.. Colomb 6861 Oct. Colon Oil 65 '38 Colo & Sou 4348°35. 11 Colo & Sou 4%s'80. 10 Col G&E 58 May’'52. 15 Col G&E cou 58 '61. 13 Con Pow Japan 7s. Copenhag 4%s '53.. Copenhag 5s '52 RR 52 Cul Cuba Nor 5%8'42.. Czecho 8s'51... Ceecho 85 '52. Del & Hud rf 4834, Del & Hud 6%8 ‘3 Denmark 4% ’6: Denmark 5% ‘65 Dutch East I Dutch East I Erle 1st con Erle gon ¢s Erte con 45 Erieconv 4s B. Erfe cv 63 '67. Erte §8°76.. Finland 6%s '56. 92 92 117% 118 96% 961 101% 102 85 85 Gen Baking 5% Gen Motors 6: Gen P Sv6%8 Gen Th Eq 68°40... 11 es 6 rman Bk 68'38.. 1 GorCen BK 68°607 Ger Cen Bk 68 ‘60 O German 75 rep ‘49. German Bank 7s ‘60 Goodrich ov & .. odyr Rul GranaTr st db 636 Grand Trunk 78'40. Grt Nor 4%s'76 D Grt Nor 4%s 17 n 78 10 44y 56 534 Halt! 63°62. ... .00 Hoe & Co 6%8°34. . Hud & M ad) 58 '57. Hud & M rf 6857 FINANCIAL Direct to The Close. 66% 80 20 kil Meh. Low. 4% 66 80 -+ % Japanese 6348 Kan CFtS&M 4¥36. 6§ Kan City Sou 38'50. Kan City Sou 58’50, Kan City Ter 4 Kreug & Toll & Lautare Nit Loril] Loril ‘. La & Ark 5860 L&N McKes & R5%#50, 7 Manh Ry 1st 45'90. Marsellle 6s 34, Mex 4s asstd 1904 Midvale St 6 '36. Milan 63 ‘52 861 Mi) El Ry&Lt 55'11 10 MK&T4sB's2. ., MK&T pr In 55A"62 Mo Pac gn 4s 75 Mo Pac 6s A *65. Mo Pac b3 F *77. Mo Pac 55 G 78, Mo Pac 55 H ‘80 Mo Pacrf6ss1, .. Mo Pac 5148 A 49 Mont Pow 5543, .. Mont Pdb6s A '63. Montevideo 78 ‘52 Mor&Co 1st ¢34 Nassau Elec 4, at Ry M 4158 '57 Nar Steel 53 '5 Netherlands ¢ Eng T 1st 5s S Wales 58 '57, S Wales 58 '58. Cent4s'ss... . ¥ Centdb 4s 34, N Y Cent 43482013, NY Cnrf 43452013, 2 NYC rf tm b8 2013, NYCentdb6s'ss., 2 NY C&StL 434878, 85 NYC&StL6%sA'T4. 15 NYC&StL6s’s2.. | N Y Edisn 5s B'44.. 15 NY Ed 1st 6%s'1, 10 NY ELH&P 4s"49., NY ELH&P 55 '48 NY NH&H 3348 " NY NH&H 4% NYNH&H clt NYNH&H cd NY O&W 1st 4592 NY Tel 4%s ‘3 NY W&B 443'46.. 2 Nia Sh Md 5% '50. 29 Nord 6% '50. 3 Norf South 65 '61.. 1 Nor& Wnev4s's6. 8 No Am Co 6s ‘61 2 Nor Am Ed 58 C 9 Nor AmE § 1 2 7 12, ‘52, Nor Pac 3s 2047 Ner Pac 48 '97 Nor Pacr1 63 2047, Nor OT & L 68 '47. Nor St Pw 63 A *41. Norway 5863 Norway 5348 '65 Norway 6343 Norway 68 44, Norway 6s ‘52 Ogden&L Ch 4s'48. 24 23 25 Orient dev 6s°'53-.. Pac G&E 5s "42. M Paris-Ly M Paris-Or 5%s Penn 4548 sta. Penn 414s D '81. Penn cv 4%s 60 Penn gn 65 Penn 4%s ‘70, Penn 5s'64. Penn gen 65 '68. Penn 614s '36. Penn P&L 4% Peoples’ Gas 5847, 11 Pere Mar 4138'80.. 4 Peru 6360 Peru 65 '61 Peru 7s '59 Pilisb F' M 6s '4: PCC&StL5sA'70 P& W V43%sC60. Poland 65 '40 Por R Am T 6842, Pos Tel & C 58'53. Prague 7%s Prussia Public Serv PubSvG 4% 67 Pub Sv G ¢%s'70 Pure O11 5%# 37, Queensland 7s*41.. 11 Rem Arms 6s A '37. Rhine West Rich Of] Cal Humble Oil b5 '37 111 Bell Tell 58°56 111 Cent 4% 111 Steel 4%8°40. .. 111 CCSL&N 4%8. 111 CCStL&N bs A Inland St 4%8 A'T8 Inland St 4%s B'S1 Int Rap Tr 68'66.. 3i Int Rap Tr sta 66 Int Rap Tr 78 32. Int & Gr Nor 68°5 Int & G N ad 6 int Hydro El Int MM col tr Int M Co 5 ref Int Match 6847 A4T ItT&T Int T&T cv ¢ Rome 64,8 '52. StL IM R&G 45'33. 25 ‘50 44 s'78. 84 StL&SF p15s B '50 StLS Wbs'52.... St P Un Dep bs '72. Sao Paulo 8s Sao Paulo 85 '50. . . Saxon P W 634851, Saxon 7s'4 Seab A L cv Seine 7 *42. = 'r-S1 78 '62.. 13 Serbs-Cr-S1 8s '62.. 13 Shell Un Of1 6 *47. 11 Shell Un Ofl 68°49. Sinclair Ofl 6% 838 Sinc O 7scv A ‘37 Sinc Cr O 5%s Sinc P L 58’42 Sotssons Solvay Am & Soun Bell T&T bs SW Bell T 58 A 'f4. 20 Sou Pac col 4n'49.. 16 Sou Pac 4%s'68. .. Sou Pac 4%s ‘81 Sou P&OT 4%s°T7. Sou Ry &n 4s ‘56 St OIl N J 58 "4 StOIINY 4%s Sweden 538 '54... 90% 90% Swiss5%s°46..... 12 103 102% Talwan EP6%#T1 9 71 69% Tenn Cop 6s*44... 5 175 75 Tenn EI P6s A 47. 9 104 104 Ter AsStL4s'53.. 1 84% 84% Tex & Ark 5%8'50. 5 744 74% Texas Corpbs'44.. 70 89 861 Tex&P 1st 532000, 1 97% 97% Tex& P5sD'80... 15 73% 73 Third Av rf s 7 4 48% Third Av adj 58°60. 16 31% 31 Toho El Pw 68 '32. Toho El Pw 7856, Tokio 5%s '61. « 1 % Tokio E1Lt 65'53.. 36 63% .16 95 Pac o .30 80 Un Pac 4 Un Pacrf s IO'Ol.- 13 86 62% 94% 9% U S Rub 1st 68 °47.. Ud St W 5%4sC'51... UA St W 6% 8A'51.. Uruguay 8s '46... Util Pw 53 '69 ww. Util Pow 5%8'47.. 17 61% 61 St6s’¢1. 16 71 70 $2...... 6 65 65 65 9 95 95 95 2 100% 100% 100% Va Ry & Pw 68 '34. BSY g 00% | mated increase in o] [POSSBLE FREIGHT EARNINGS FIGURED Advantages of Proposed Pool Plan Estimated for Big Systems. The effect of the freight rate in- creases proposed for railroads in the recent decision of the Interstate Com- merce Commission has been analyzed by the Standard Statistics Co., on the basis of a full year's returrs using known 1931 traffic factors as the base. Eighteen of 51 principal railroads will fail to fully earn their compulsory fixed charges in 1931, based on present esti- mates, and would, therefore, be entitled: under the Interstate rce Com- mission’s plan to draw upon the “pooled” revenues, Nine of these roads, however, on the basis of estimated increment from the rate advance, would contribute enough additional revenue to com- pletely cover their own charges. These' are Chicago & North Western, Dela- ware & Hudson, Denver & Rio Grande, Western, Erie, Illinois Central, Nickel Plate, Rutland, St. Paul and Prisco. In addition, the contributions of Southern; Nashville, Chattanooga & St. Louis and Lehigh Valley would be al- most sufficient to fully provide for their own charges and probably permit them to repay any liability that they might incur to the “pool.” Western Pacific, Wabash, Norfolk Southern, Pere Mar quette, Soo Line, and Gulf, Mobile & Northern have such large deficiencies that full fixed charge coverage is not likely to be again attained until a busi- ness revival eventuates. These roads will probably have to lean heavily upon the “pool” or revolving fund during its existence. The followin; h‘ble]‘givu the esti- reight revenues f & full year, the estimated increase p‘e,; share and the balance per share which it is estimated would be returned to a road by the pool after satisfying fixed charge needs of the weaker yn oads: Estimated Share Increases. Estimated Increase increase Der share. $2.24 .26 .22 ARREE 05 ¢ Ealtimore & BR3B! & Quincy.! t Wuzergy : % old hens, 28 'w York. Norfolk & Westes ori: Northern' Pacif Pennsylvani Eittpureh & Lax P".Ilhll"l’l’h & # v Reading . lgt:u nd i 3 uis . Louis-! Bouthen Southen ot AN b S G300 PSRN RIS o S PR RS LS = 2. 2ogEs it 2 3E3 38 T tern Western _Pacific o Wheeling & Lake Erie. Washington Produce Butter—One-pound prints, 36; tub, 38. Eggs—Hennery, 38a42; current re- Poultry, alive—Turkeys, young toms and hens, 23a25; old toms, 18a20; old hens, 20a22; chickens, 3 pounds and over, 18a20; 2 to 2!, pounds, 20a22; Spring broilers, 24; hens, large, 18a20; small, 15al7; Leghorn hens, 13al5; i 10a12; keats, young, 40a45; old, a35. 3 essed—Turkeys, . young hens and toms, 31a33; old toms, 26a28; 0; chickens, 3 pounds and Meats—Beef, prime, 17; choice, 16a 1612; good, 1212a13; medium, 9all; cow, 712a8; lamb, top, 14: medium, 10a 12; fair, 7a9; veal, top, 13; medium, 11 al2; pork loins, 8 to 10 pounds, 13; 10 to 12 pounds, 10%;; 12 to 15 pounds, ; fresh hams, 10 to 12 pounds, 13; 18 to 20 pounds, skinned, 9; smoked hams, 20a21; strip bacon, 22a23; lard. in bulk, 9‘%’:1“0”2 packages, 10%zal1; Fruits — Oranges, California, 3.50a 5.50; Florida, 2.50a3.00; lemons, 4.50a 5.50; limes, per 100, 1.75; honeyballs, 4.00; honeydews, 2,25a2.50; pes, Con- eords, 23a35; Zinfandels, 1.10a1.25; Muscatels, 1.10a1.25; Tokays, 1.50a1.75; Malagas, 1.50a2.00; apples, bushel bas- kets, 50a1.50; fancy, box, 2.00a2.75; pears, Anjous, 2.75a3.00; Boso, 3.00a3.50; pineapples, Cuban, 3.00a3 cranber- ries, 1.75a2.00; quinces, 1.00a1.25; grape- fruit, 2.50a3.00; bananas, 1.00a2.00; per- simmons, 2.00. ° one dozen bunches, 75; squash, 3.00a 3.50; peas, 3.75a4.25; cucumbers, 5.00; lettuce, Iceberg, 3.00a3.50; kale, 50a75; llDlnN:!ll. 50a75; celery, 2.00; tomatoes, rooms, 50a75; asparagus, Calif choice, 2.00; fancy, 3.50; extra fa 4.00; peas, 4.00a4.25. ¢ i g e BIG LOCOMOTIVE ORDER PLANNED BY RAILROAD By the Associated Press. NEW YORK, November 7.—The t large sized inquiry f-; L tives to reach the railroad market th'i-! yel; appzared ye high Valley Railroad for 10 to’flfl loco- motives of the 4-8-4 type. The Dela- ware, Lackawanna & Western Railroad also is inquiring for 12 engines of the same type, on bids which melbly will be submitted in about 10 days. A gt A In the last year South Africans drank 6,901,000 gallons of beer and smoked 2,650,815,000 cigarettes and 5,229,000 o Sales. High. Low. Close, “18... 60 136 36 920 90 38% 4% 42% 50 43 80 17 017% 59% 80 22 1024 101% 1 % 58% West Md 5%s'77 West Pac bs '46.... West Union s '51.. West Union 6s "60. Wes: Un 6%5°'36. . Wil & Co 1st 68°41. Wis Cent gen Yokohama 65 °61... Yestn S&T s AT Ygsto S&T §s B'70.