Evening Star Newspaper, November 9, 1931, Page 14

FINANCIAL OLDING COMPANY INQUIRY 1S URGED Financial Writer Suggests Commission Be Appointed to Study Matter. NGTON. D. C., MONDAY, NOVEMBER 9, 1931 IBONDS IRREGULAR | Cox v sonx BONDS srocx sxwv] |f T A—14 %= FINANCIAL. FRUT SHIMENTS " REVEAL DEGREASE Drop to Approximately 3,000 Cars Daily Shown in Produce Movement. THE EVENING STAR, WASHI NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. 1931— Stock and High. Low. Dividend Rate. 1% % Seneca Copper. . 11% 3% Servel Inc... : 13% 4 Sharon Steel Hoop. 21 31 Sharp & Dohme. . 29% 11 Shattuck(FG)(t1%) 10% 3% Shell Union Ofl...... 78 23% Shell Union Ofl pf. 9% Shubert Theaters. 23% Sitmmons Co. .. 11 Simms Petroleum. .. 15% 51 Sinclair Consol Ofl 103 Sinclair Ofl pf (8)... 12% Skelly Oil 62 Skelly O1l f ww. 39 Sloss-Sheff Steel pf. 100s 21 Socony-Vacuum (1). 82 95 Solv Am pf ww (5% ) 1 17% South Port Rico Sug 22 11214 Sou P Rico Sug pf(8) 100 b1y Southn Cal Ed (2)... 147 109 Southn Pacific (6)... 63 Southern Rwy (m6). 55 Southern Ry pf (5).. 2 Spalding (AG) (1).. 5 Sparks Withing (1) . 1 Spencer Kellog (80c) 1 Stand Brands (1.20). 127 Stand Gas&El (3%). 96 Stand Gas&E! pf (4) 1 Stand Ol of Cal(2 134 Stand Ol of Kansa 4 Stand Ol NJ (12). 193 Starrett(LS) (t2%). 1 Private ‘Wire Direct to The Star UNITED STATES. (Sales are in $1.000.) Sales. High. Low. 2:55 Lib 3%s 32-47.. 12 100 13 9928 9928 L 1st 4%s 32-47 69 101 28 101 6 101 6 4th 435 33-38155 102 _ 10113 10118 .S.381951-556 85 9425 9316 9420 9520 9424 9420 99 98 28 9820 99 9811 9811 99 9829 9829 101 14 101 101 103 17 102 16 10216 107 28 106 24 106 24 High. Low. 2.55 8 46% 46% 93 93 93 52% 62 25 44% 44 44u 39% 39 39% 93 93 93 63% 63 63 81 80 81 8 1% T8 7% 16 1% 8% 8 815 99% 99 99% 103 102% 102% 118 117 118 103% 103% 103% 104% 103% 103% 103% 103 * 106% 95% 91 Sales. High. Low. 2:55 9 67 64 65% 7 91 89% 91 1101 101 101 8 100% 100% 100% 16 60 49 49 105 8 105 58 62 9 ‘9 56 57 18 60% 61% 16 52 52 4 881 884 T 100 100 52 52 57% 57% |8 88 8% 59 58 58 58 41 41 5% 76 78 80 70 72 33 34y 651 68 74 T4 69% 70 56% 57 631 64 AT% 4T% 43 44 641 66 5% 7% 68% 69% 891, 891y 2% 7314 89% 65 5% 8814 75 9014 33 98 61% 97 100 & 90% 89 68 94 88 Hud & M adj 55 °57 Hud & M rf 5557 Humble Oil 55 '37 HumBle O 514 Hungary 7i4s 111 Bell Tell 55°56. . 11l Cent 4552, 111 Cent 4 '5: Il Cent rf 48’55, Il Cent 4 % ‘66 U1 Cent 6148 '3 Tll Steel 434840, .. [l CCStL&N 4% 111 CCStL&N 58 A Inland St 4155 A7) Inland St 4145 B'81 Int Rap Tr 5s '66. . Int Rap Tr sta '66.. Int Rap Tr 6s°32. .. Int Rap Tr 7s 32, Int Cement 63 '48 Int & Gr Nor 6s'52, Int & G N ad 6s'52. Int Hydro El 6344 Int M Co 5s ret'41. . Int Match 5547, .. Int MM col tr 6s 41 Int Pap 5s A 47 Int Pap 6s '56. Int Ry C A 5s5°72, IntT&T4%s'62., Int T&T cv 4348'39 Int T & T 5555 Sales— Net. Add 00. High. Low. Close. Chge. : O 25 5% bB% 5% 2 5% 5% 5% 6 6% 64 6% 18 14% 14% 144 39 5w 5 5% 2 37w 374 374 1 1% 14 21 13% 14 9 6% 6% 232 1 5 10 (Continued From Page 13.) Stock and 3 Dividend Rate. McKes&Rob pf(3%) McLellan Stores. MackTrucks (2). Macy(RH)& Co(n3). Madison Sq Garden. . Magma Copper (1) Manati Sugar pf. IN PROFIT TAKING Many Losses Recovered, | However, as New Buy- ing Appears. Bales— Net. Add 00. High. Low. Close. Chge. T ED 2) KDY 1 4 4 4 26 22% 21% 22 +1 14 73% T1% 72Y% - 1 3% 3% 3% <5 12% 12 12% 208 3 3 .o 3 ManhatElev mod gtd 6 17 17% Manhattant Shirt(1) 1 8 '8 Maracaibo Ofl Exp.. 1 1% 1% Marine Midld (1.20). 13 1B 15 Market Street Ry... 1008 1% Marlin-Rockwell (2) 2 15 Marmon Motor Car. . 2 2% Marshall Field (2%) 10 19 Mathieson Alkill (2) 16 201 May Dept Strs (2%) 34 2815 Maytag Co pf (3) 2 ki Melville Shoe (2) 2 1915 Mengel Co. 3 4 Miami Copper... . 5 Mid Continent Petm. 8% Midland Steel (3).. 12% Midland Steel pf (8). 54 Minn Moline Pow. . . 2 M StP & SSm 1sd (4) 18 Mo Kan & Texi . 9% Mo Kan & Tax pf (1) 271 Missourf Pacific. ... 157% Missouri Pac pf (5). 3 Mohawk Carpet Monsanto Chem (1% ) 26 :::rr}ll:: ::::’;}I 1| Montgomery Ward.. 248 3 : e, o g sy Mother Lode Stone&Webster(m2). 78 Motiine Mewe s 24 Studebaker Co(1.20) 23 Mullins Mfg. .. 1 7215 Mullins A i Studebaker pf (7). 215 ullins Mfg nf £0a SRIGIGD) 31% 11% Munsingwear Inc(2). {114 Sunsingwear Ined). ¢ Sun 01l pf (6) 18% 5 Murrav Cor o p 9 Superheater (23). 407 15% Nash Motors (2). .. 7 314 Superior Steel. 80 30 Nash Chat & St L(3) 90s 111« Sweets of Amer (1). 108 4 Nat Air Transport. . 3% Nat Acme Co . 2 12% Telautograph (1.40). 2%, Nat Bella He: . 5 2% Tennessece Coron 37% Nat Biscu!t (2.80). 84 15 TexasCorn (2). 15 NatCash Rex A 1%. 142 20% Tex Gulf Sulphur(8) 20% Nat Dary (2.60).... 190 21, Tex Pacific Coal&Oil 81 Nat Dept Strs 1st pf. 208 4% Tex Pacific Land Tr. 19% Nat Dist Frod (2) 8 32 Texas & Pacific (5).. 7% Nat Enam & Stamp 1 5 Thatcher Mfg Co 844 Nat Lead (5)... 1 55 Third Avenue. . 1414 Nat Pwr & Lt (1) 62 13 Third Nat Inv(m55c. 1815 Nat Steel (2). 178 14% Thompson (J R) (1) 1134 Nat Supply Co. 10 6% Thompson Prod 1 20, 18 Nat Surety (2). 22 1% Thompson Starrett. . 8 NatTea (1)....... 1 315 Tide Water Asso Oil. 614 Nefsner Brothers. .. 1 20% Tide Water As pf(6) 5 Nev Copper (80c) 87 4 Timken-Detroit Axle 214 Newport Industri - 19% Timken Roller B(2). 3 Newton Steel....... _ 26 1% Tobacco Products. .. 47% N Y Central (4)..... 2605 7 Tobacco Prod A t35¢ 9% N Y Chicago & StL.. ~ 10 314 Transamerica Corp. . 15% N Y Chi & StL pf. 11 51 Transue & Willlams. 120 N Y & Harlem (5)... 10 3 Tri-Contl Corp...... 2 NYIniestors... 7 51 Tri-Contl Corp pf(6) 30% 241 Trico Products(2%) NY N H & Hart (4). 80 NYNH&HDI(D. 14 Truscon Steel (80c bl 2% Ulen & Co. N Y Ont & Western 5 214 N Y Shipbuilding... 2415 Under Ell Fisher (4) 95 N Y Steam pf (6) 64 Union Bag & Paper.. 10 Noranda Mines. ..., 27% Unlon Carb & (2.60). 112 Norf & Westn (t12). 2 11% Union Oil of Cal (2). 315 North Am Aviation. 45 98% Unlon Pacifle (10).. 26 Nor Amer(b10%stk) 287 70 Union Pacific pf (4). 41 North Amer pf (3).. 1 12% Unit Alreraft 871% North Am Ed pf (6). 2 40 Unit Afrcraft p 19% Northern Pacific 3). . 5 Unit Am Bosch... e 24 Unit Biscuit (2). 92 Norwalk Tire& Rub. 17 8 Norwalk Tire& Rpf 308 105 Unit Biscuit pf (1).. 6% Unit Carbon. . i e 1% Unit Cigar Store aprof.. 6 10% Unit Corp (75¢) 1% Omntbus Corp...... 1 14 Oppenheim Coll (2). 1 354 Unit Corp pf (3). h . i 3 Unit Electric Coal. .. 20% Otis Elevator (2%). INVESTMENT TRUSTS 3% Otis Steel . T 2}(‘6 Unit Fruit (4). 13 o 19% Unit Gas&Im(1.20).. 2 | NEW YORK, November 9 (#).—Over- By i A T 951 Unit Gas&Im pf () .. I 14| the-counter market: 1 1% U S & Forn Secur 29m Pacific Gas & E1 (2). 16 21% U S Gypsum (1.60).. A B ¢ Tr Bhrs D 35 Pacific Lizhting (3). s ABCTrshs E 18 U S Hoffman. Am’ & Cont _Corp 100% Pacific Tel&Teleg(7) 20% ’Z‘u U S Leather. . . 4% 11 105% 62 57% 611 541 89 100 52 571 88 8% 59 59 17% { 1% By the Associated Press. PHILADELPHIA, November 9.—Di- vergent views as to what should be done with Tholding companies controlling public utilities were expressed at two-day meeting of the American Academy of itical and Social Science. James C. Bonbright, professor of finance at Columbia University, said there would be some form of la- tion. while John T. Flynn, New York City, writer on business and financial subjects, advocated the present of holding companies should be elim- inated. Holding Companies Discussed. ‘The general topic under discussion was “Power and the Public,” and the special subject taken up at the first m’h;’: l:‘lna‘flle field and (unrmonmu( 0] company. _George Otis Smith, chairman .opf tl{e Federal Power Commission, presided. Prof. Bonbright said, “Fortunately or unfortunately, the holding company has become an integral part of American public utility enterprise, and the prac- tical issue today is that of its regula- :.rg: "rll.h!r than that of its destruc- Among the needs in the scope of regulation, Prof. Bonbright said, are revision of public service laws, de- velopment of rational plans of public utility consolidations under laws similar to the consolidation provisons of the transportation act, abolition of inter- company transactions yielding an un- regulated profit to the holding company and, possibly, commission regulation of holding company securities. Prof. Bonbright said that it seemed obvious State commissions will be pow- erless effectively to control national holding companies without the aid of the Federal Government. Mr. Flynn said, “There cannot be and there must not be any change in the Sherman anti-trust law until the hold- ing company problem has been elimi- nated from our financial system.” As long as these companies ficurish, he said, a weight of argument can be brought to bear on Congress which will make it shrink from tinkering with the present anti-trust statutes. Washington Produce Butter—One-pound prints, 36; tub, 35. Eggs—Hennery, 38a42; current re- ceipts, 28a33. 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, 15a17; Leghorn hens, 13al5; roosters, 10a12; keats, young, 40a45; old, 25a35. Poultry, dressed— eys, young hens and toms, 31a33; old toms, 26a28; old hens, 28a30; chickens, 3 pounds and over, 21a23; 2 to 2, pounds, 23a25; Spring brollers, 27; hens, 3 3 small, 18a20; Leghorn hend, 16a18; roosters, 13a15; Long Island ducks, 19a20. ¥ Meats—Beef, prime, 16!2; choice, 1512a16; good, 14al4}; fair to medium, 11al12's; cow, 7!3a8; lamb, top, 15; medium to good, 12!2a13; veal, top, 14; fair to good, 11a12 pork loins, 8 to 10 pounds, 13; 10 to 12 pounds, 11%5a 12; 12 to 15 pounds, 10a10%2; fresh hams, skinned, 18 to 20 péunds, 10; 12 to 14 pounds, 13: 8 to 10 pounds, 15; smoked hams, 19; strip bacon, 22223; lard, 50-pound tins. 9; in packages, 10; compound, 7a7%:. Fruits—Oranges, 3.50a5.50; lemons, 5.5026.00; limes, per 100, 1.75; honey- balls, 4.00; honeydews, 2.25a2.50; grapes, Concords, 23a35; Zinfandels, 1.10a1.25; Muscatels, 1.10a1.25; Tokays, 1.50a1.75: Malagas, 1.5022.00; black ferarras, 1.75; apples, bushel baskets, 50a1.50: fancy, box, 2.00a2.75; pears, Anjous; 2.75a3 00; Boso, 3.00a3.50; pineapples, Cuban, 3.00 cranberries, 1.75a2.00; quinces, grapefruit, 2.50a3.001 bananas, /0082.25: persimmons, 2.00. Vegetables — Potatoes, Maine, 100- pound sacks, 1.25; Idaho bakers, 2.25; sweets, bushel baskets, 50a75; onions, pickling, 50-pound sacks, 1.25a1.50; artichoke, 3.50; string beans, 2.25a2.50; limas, 2.50a24.50; turnips, bushel baskets, 1.00; bunched, per 100, 4.00: beets, 100 bunches, 4.00; carrots, per 100 bunches, 4. okra, 3.50; salsify, per one dozen bunches, 75; squash, 3.00a 3.50; peas, 3.75a4.25; cucumbers, 5.00; lettuce, Iceberg, 3.00a3.50; kale, 35a50; spinach, 50a75; celery, 2.00; tomatoes, 1.50a1.75; California lugs, 3.00; peppers, 2.50a2.75; nearby bushel baskets, 1.00. eggplant, 4.50a5.00; parsnips, 1.2 mushrooms, 50a75; asparagus, fornia, choice, 2.00; fancy, 3.50; fancy, 4.00; peas, 4.00a4.25. B I R R More than 660,000,000 eggs shipped from Denmark in the eight months of this ye: BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, November'9.—As was natural after the broad advance of last week, the bond market today met profit- taking on a fairly large scale and prices were irregular. Nevertheless, there was good buying in all parts of the list and many of the losses were retraced later in the session, Bonds of fore_lgn countries, affected by the world udturn in commodities, moved bigher, notably the Argentine group, which was also affected by the absence of any disorders during the clections. But Japanese issues were weak, breaking 2 to 4 points on re- | ports that war had been declared on Japan by the defenders of Tsitsihar, Manchurian city. Japanese government 5'5s dropped 4 points to a _new low. The 6155 were oft about 2 points and there were | smaller losses in Tokio Electric 6s, Tokio 5'5s, Taiwan 5'5s and Toho 6s. The advance in the South American | group was led by Argentine 6s, up 2 to 14 points to new highs on the recovery. These issues have more than doubled in price in little more than a month. Uruguay 8s jumped 4 points to a new top for the move. This reflected firmer exchange rates. Chilean, Brazilian, Peruvian and Bolivian bonds were up 1 to 3 points. Cuban issues, which de- clined last week, recovered more than a point. German dollar descriptions were under some pressure at the start, but | subsequently firmed. The early de- clines were attributed to profit-taking. Most other Europeans were firm. Cana- dian, Exchange was firm at 97, per cent discount and Canadian govern- ment and railway bonds were steady, with an active trade in Canadian Pa- cific 4s, Canadian National 5s and Canada 4s. The feature of bond trading at the opening was the strength of foreign dollar bonds and the obligations of companies with foreign connections. International Match 5s, International Telephone 4'zsand American & Foreign | Power 5s gained a point or more. Great Britain 5'ss, Belgian 6s and Yokohama 65 were the most active foreign issues, all being fractionally higher. United States Government long-term issues gained from 2-32 to 6-32 at the opening on the further cut in money rates, with 90-day loans quoted at 3 per cent. Junior rails improved with the firm tone in stocks, small advances showing in Missouri-Pacific 5s, Erie 5s and Denver & Rio Grande Western 5s. Industrials were firm. Sales. 35 4 2 29 Daily shipments of leading varleties of fruits and vegetables were down to about 3,000 cars in early November, compared with nearly 4,000 cars a day most of the time last month, says the TUnited States Department of Agricul- ture, Bureau of Agricultural Economics, Market News Service. The falling' off 1s in the principal Northern and West- ern products, while Southern vegetables, | oranges and grapefruit are only begin- ning to fill the gap. Comkined weekly produce shipments are less than they were a year ago by about one-third Prices show mixed gains and losses. The changes most encouraging to hold- ers are the scattering gains in the cy to recover ;?pé:sm? ':m:‘:r:: ;y:‘gfvrr‘\s.‘ and fairly strong markets for celery and Eastern Jettuce. Grapes and sweet potatoes show little market improvement. Onions and cabbage hold values fairly well. Heavy Apple Shipments. les continue to lead in shipments Wi Pbout 1000 carlots daily. Vir- ginia, West Vi.ginia and Washington fogether account for about half the Gaily shipments. The apple movement from the Shenandoah Valley section Teached its peak in late October but shipments have not decreased quite so Tapidly as was expected. There is still considerable stock to be picked in the orchards around Martinsburg and Win- Chester, mostly Yorks and Staymans. The drop was rather heavy in early November and extra crews were placed in the orchards to complete the harvesting. Shipments this season from the districts of Pennsylvania, Virginia and West Virginia, grouped in ithe Shenandoah section, “were about 60 per cent heavier than during the same period last year but were less than tE: 5-year average. This lighter movement was partly due to late- ness of the season but tends to bear out the general impression that the harvested crop will be considerably . lighter than production figures ‘would indicate. Most storage houses are well filled with fruit, mainly of No. 1 grade. Demand showed some improvement, especially in export demand in early November, and the same was true in Western New York, resulting in a £light tendency to higher prices. ‘There is comphm; olf poor keeping for the e-sized fruit. hgflndnd grade Yorks are selling at 60 cents to 75 cents per bushel and Stayinans 80 cents to 85 cents. Bar- Teled stock of various kincs ranges from $2.25 on Ben Davis to $3.25 on wine- saps. Most varieties show little change in price in Western New York, but greenings from cold storage sold as high 2s $1.25 a bushel, and some of this stock is held at higher prices. Greenings in barrels brought $4 to $4.50 in large city markets in early November. Vermont and New York McIntosh sold still higher at $4.75 to $6 in New York, although Eastern Yorks are still selling at $2.25. Bushel packs of various Eastern varie- ties range from 60 cents to $1 in East- ern markets. Celery Markets Steady. Prices on celery /are fairly steady In the Eastern producing sectionscalthough a few sales as low as $2.50 per crate were reported in _the Rocnester district the first week of November. About one- third the carlot supply is from Western New York. Most of the city markets re- rt supplies moderate and the demand fi;m, -R.l;mlgh the season is approach- ing for the usual Thanksgiving trade. New York celery sells at $2.25 to $2.75 yer two-thirds ‘crate in most Eastern markets and about 25 cents higher in Midwestern markets. Washington and ‘Atlanta range $3 to $3.50. At the end of October 524,000 crates were in stor- age in Western New York. This quan- tity is only about 1,000 crates less than were on hand at this time last season, but nearly all the crop has been har- vested and holdings are likely to de- crease rapidly. Cabbage Prices Low. Sales in carlots of bulk cabbage of the Danish varieties hold nearly un- changed in Western New York at $8 to $9 per ton, although a few are re- ported as low e5 $7, and prices paid o growers have held mostly in the neigh- borhood of ¢6 The unseasonable weather conditions that prevailed dur- ing September and October brought most of the catbage quickly to ma- turity and lessencd the storage qualily. Accordingly, m'ich of the crop was sent directly to market, Prices are steady in Eastern markets at $12 to $18 per ton in bulk for the Danish varieties. Midwestern mai~ets showed somewhat better action than Eastern and the price situation s firm in Wisconsin, with some sales at $11 in the Racine district. Eastern lettuce shows an upward tendency in early November, and stock {rom the Rochester district brought 40 cents to 75 cents per two-dozen crate in New York, but price trend in Cali- fornia shipping sections was downward. Some lots of New Jersey lettuce sold at top price of $1 in New York, but held at 50 cents to 75 cents in Philadel- | phia. | Potato Shipments Lighter. Carlot shipments of potatoes have | been decreasing rapidly the past two weeks and sometimes run at scarcely more than half the daily totals moving in late October. Low prices seem to have led to a tendency to withhold | stocks in producing sections. Quantity held on track in the large markets con- tinues liberal, although below the fig- ures for late October. Most of the Eastern cities report moderate supplies and slow to fair demand. Prices as yet show little response to the lighter ship- ments. Jobbing range in_the Eastern markets on Maine Green Mountains is around $1 per 100 pounds, With tops of $1.25 to $1.50 in Washington and South- ern markets. New York Pound White | varieties sell at 85 cents to 95 cents in | Baltimore and Pittsburgh. Pennsylvania | stock brought 80 cents to 90 cents in | the same markets. The Chicago potato market declined about 5 cents the first week of November, but most Midwest- ern markets were unchanged. Prices of Maine Green Mountains for January Celivery advanced slightly and there Abitibl P&P 5s°53. Ab& St 5% '43 Alleghany Cp 58 "44 Allegheny 55°49. .. Allegheny 58 '50 Am Chain 6s33... Am F P 552030. ... Am G Chb 5%s"49. Am Intl 538 °49. .. Am Metal 548934, Am N Gas 6%s'42. Am S&R 1st 55°47. Am Sug Ref 65°37. Am TET cv 4%s8'39 AmT & T 5365 Am T&T c tr §s "4 m T&T 555 £ 60 m T&T 5%s 43 Am W Wks 55 '34. . Am Wat Wks 65 '75 Am Wr Pap 65 ‘47 Argentine 5 '45. .. Arpentine 6148 '62. Argenti May *61. Argentine 6s Ju'9. Argentine 6s Oc'59. Argentine 6s A '57. Argentine 6s B '58. Arm & Co 4%5'39 Arm Del 535 '43 Atchison gn 48 '95.. Atchiscv 4%8 48 Atch Ariz 414562, AtICL 1st 48'62.. AtGulf 58°59. ..., Atl Ref db 5537 Australia 4%s ‘5| Australi Australi 124 49% 7 87 28% 45 14% 18 314 9 12% FHEFL4H+ 1 +4 32% 314 39 24% 24 815 108 16% 3119 94 4 45 26% 85 42% 107 21% 29 29% " 4T 3674 16 3 12 8 2 6 30s 50 19 Italy Pub § 78 '§2 Japanese 514s ‘85, , Japanese 6%4s '54..347 Kan City Sou 3550, Kan Ctty Sou 5550, Kan City Ter 45'60. Kan CFtS&M 4s'36, Kan G&E 4%s '80., Karstadt 6s°43. ... Kresge Found 6536 Kreug & Toll 55'59. Lackaw St s ‘50. ., Lac G St L 53 '34... Laclede 5%s C'53. , Laclede 5%s D ‘60, Lautaro Nit 6s'54. Leh Val cv 4s 2003, Lig & Myers Ts'44, Loew's 65 ex w '41. Long Islrf 4s'49 Lorillard 5851 Lorillard 5%s '37 Lorillard 7s 44 La & Ark 5860 Lou G & El 53 '52 L & N uni 4540 L& N 4352003, L & N 55 B 2003.... L&N 1st 51452003, Lyvons 63 ‘34 & McKes & R 5% %50, Manh Ry 1st 4s'90. Marseille 6s '34 Mexico 53 A '45 Midvale Sti 55 Milan 63%s ‘52 Mil E Ry & L 5: Mi) El Ry&Lt 6s '71 MSP&SSM 5%s '78. Mo Pac gn 4s476..., Mo Pac 5s A '65.... Mo Pac 53 F '77 Mo Pac 58 G '78 Mo Pac 55 H '80. Mo Pac rf 6s Mo Pac 5%s A '49..110 Mont Pow 58°43... Mont P db 5s A '62. Montevideo 7 '52. . Mor&Co 1st 4% 8'39 Nat Dairy 6% s "4 Nat Steel 55 '56 N Eng T 1st 58 '52. NOT&M5% NwS W 67, Nw S Wales 58 '58. N Y Cent 4s5'98. N Y Centdb 4534, N Y Cent 4345 2013 NY Cnrf 4%s 2013, NYC rf im bs 2013, N Y Cent db 6s '35. NYC& St L 4s'37.. NY C&StL 4%a'78. NYC&StL5%8A'T4. NY C&St L 6s°32.. N Y Edisn 6s B'44. NY ELH&P 4s'49. NY NH&H 45 '56. . NY NH&H db 4s'57 NY NH&H 4%38 ‘67 NYNH&H clt 65'40. NYNH&H cd 68 NY O&W 1st 45'92. NY O&W gn 4 NY S&W 1st 53°37. NY S&W gn 55 '43. NY Tel 4%s°39.... NY W&B 4348 '46. . Nia Sh Md 6%s '50. Nord 6%s°50...... Norf South 5s ‘61 Nor & Wnev 4896, No Am Co 58 '61. Nor Am Ed 5s '57 Nor Am Ed 55 C '69 Nor Am E 5%s '63. Nor Pac 3s 2047 Ner Pac 4s'97 Nor Pacr i 6s 5 Nor St Pw 55 A "41. Nor St Pw 6s B '41. Norway &8 E Norway 548 '65. .. Norway 6s 43 Norway 6s "44 Norway 6s ‘52 Oreg-Wash 48 '61 Orfent dev 148’58, Orfent dev 65 '63- .. Pac G&E 5s '42. Pac T&T 1st 58 '37. Pac T&T rf 68 '52.. Pan Am Pet 65 '40. 11 9 22 5 IS e S » peS—RanRS~Bare 107 93 95 98 Belgium 6s 55 Beiglum 614849, Belgium 78 ‘65 Belgium 7s ‘66 Bell Tel Pa 63 B Bell Tell Pa bs C'60 Berlin Cy El 68 '55. Berlin CE 6%s'50. Beth Stl pm 65 '36. Bolivia 78 '69. Bolivia Bordeau Bost & Me 4%5 '61. Bos &Me 58 '67 Brazil 6348 '2 Brazil 6148 '27. Brazil 7s.... Brazil 85 "41. 7 52 2 17 2 1008 69 PuBaraand comn Bklyn Man 6s Bklyn Un 1. . Buenos A 65'61 Pv. Budapest 6: BR& Pitt 4% Bush T Bldg Calif Packing 5340 Canada 4s °60. Canada 4%s'36. Can 68’62 Bid. Asked. 3% 4 80s U S Indus Alcohol. .. . 4 Packarf Motor (40c) 95 A e % Panhandle Pro&Ref. 1 ' U S Leather (A).... Am Br & Con &'« DBf. 10% Paramt-P(m1.62%p) 145 U S Pipe & Fdry (2). Coulig o] 7 ParR Utah 17 U S Pipe&Fy 1st 1.20 SR % Pathe Exchange. U S Realty & Imp. Founders 1-70th’ ‘co) 215 Pathe Exchange (A) U S Rubber..... 4% Patino Mines. . U S Rubber 18t of . 2 U S Smtg & Ref (1). U S Smtg&Ref pf 3% n Nat 4% s ‘57 Can Nat 4%5s°68. .. Can Nat 58 July'69. Can Nat 5s Oct '69. Can Nat 6s'70. Can Nor 4%s ‘3| Can Nor 6%s db *46 14 9 5l 9% 12% 35 621 114 1% 21 93 57 24 4 % 31 76% 60 3% 109 86 T1% 32 26 5l 51 10 2% 17% 15 2% 2T 6% 8% 2 57% 24 204 3% 8% 24 35% 94 7 8115 214 90 158 17 22 18 Th 9% “B'% Can Pac 55 '44. Can Pac 6s '54. . Cent Pac 4s 49 Cent 111 GRE 58'51. Cen Ry NJ g 5s'87. Ches Corp 6s'47. .. C&Ogen4%s’oz, C&O 4%sA’93, CB&Q4%s'77... C B&Q 1st rf 6s 71, Shi & Est 111 58'51. Chi Grt West 48’69 Chi Ind&L gn 55 '66 Chi (nd&Lou 6s'66. Chi M & St P 45’89, CM&StP4%s'89. C M StP&P 58°75.. CM& St Padj Chi&NW g 318 87 Chi&NW 4182037, 20 C&NW 4135 C 2037. 10 Chi & NW en 4%s. 177 Chr& NW 6%s 36 1 Chi RI&P gn 4s 4 Chi RT& Prf 48'34 107 ChiRT1&P4%s’'62 4 ChiR1cv4%s'60. 14 ChiT Hinc6s'60.. 1 Chi Un Sta 4%s'63. 1 C& W Ind 6%s '62. Chile 6s ‘60 Chile 85°61... Chile 6s " Chile 7s "4 Chile Cop db 58 '47. Christiana 65 '54. .. CCC&St L 448 E'T7 Clev Term 4%s '77. 1| Clev Term 55°73... | Clev Term 53%s'72 Colomb 6s Jan '61. Colomb 65'61 Oct.. Cologne 6158 °50. Colo & Sou 4% Colo & Sou 4145 '80 Col G&E 58 May'52 Zol G&E cou 58 '61. Com Inves 535 "49. CC Md 1st rf 58'50. Con G NY 43%s°51. 113 Con G N Y 5%s 45, Con Pwr Jap 64s. . Con Pow Japan 7s. Consum Pow 6s 52 Copenhag 4%s '53. Copenhag 58 '52. .. Cuba 5%8'45. . Cuba RR rf 7%s 36 Cuba Nor 5%s'42. Crecho 8s 52 Del & Hud 6%8°37. Del Pwré&L 4%s 71 Denmark 4%s '62. . Denmark 5%s '55. . Denmark 6s°42. ... D& R Gr cn 4s'36. D&RG W 68°55.. Det E G&R4%s'61. Det Edison rf 5549 Deutsche BiAs '32. Dodge Br cl 68 °40.. Duquesne 4% '67. Dutch East 1 6s'47. Dutch East I Nov. Erle 1st con 48 '96. 8 Petm Corp of Am(1)" 60 i Phelps Dodge Co.... 40 22 Phila&Readinz C&1 16 Philip Morris&Co(1) 34 Phillips-Jones Co Phillips Patroleum Pierce-Arrow pf (8). Plerce Of aeee Pierce Petroleum . Pillshury Flour (2). Pirelli (A) (m3.13).. Pitts Con Pitts Steel pf. ... Pitts United Corp. Port Ric Am Tob (A) Port R Am Teb (B). Postal Tel&Cable pf . Prairie Ofl & Gas.... Prairie Pipe Line Pressed Steel Car Proct & Gamb ‘2. Public Sve NJ (3 40). Public Sve NJ pf (5) Public Sve NJ pf (6) Tullman Corp (3)... Punta Alegre Sugar. BURBONL. o s io-sonn 12% Purity Bakeries (2) 10% Radio Corp. . Radlo Corp pf A 3% 4 Radio Corp (B) (5). Radio-Keith-Orph A Raybestos Man (1.60) Reading Rwy (4) Real Silk Hosfery. Remington-kand Rem-Rand 1st pf (7) Rem-Rand 2d pf (8). Reo Motor Car(40c). 4 Republic Stee!. Republic Steel Revere Copper (A) Reynolds Metls(1%) 4 Reynolds Spring. ... Reynolds Tob A (3). Reynolds Tob B (3). Richfield Oil. Rio Grande O1l. Rossia Insur (2, val Dutch of % Safeway Stores (6). 31 87% Safeway Strs pf (7). 1408 St Joseph Lead (1) 19 4 StL-San Francisco StL-San Fran pf(6). Louis Southwn. Schulte Retail Stores Scott Paper (11.40). Seaboard Alr Line. . Seaboard Air Line pf Seaboard Ofl........ Seagrave (40¢)...... Sears Roebuck (234). Second Natl Inv pf. . WASHINGTON STOCK EXCHANGE 6% 8% 9 1 4% CRD AUPNANSTRRNBAREATDN ) % 5 171 31y 52% 6% 2119 2% 815 2118 18 50% 700 89 1005 110 Founders 1-40th com.. i fim mssls“(fk:)ll . 5 ss0c Stan : Penney (J C) (2.40). 3 2 4 3 | At Bec pt 90 Penney(JC) pf A (6) | Atl & Pac Int unit 6 Penn Dixie Cmt pf.. U S Steel pf ( 29 Atl & Pac com ww 29% Penna Rallroad (2).. United Stores (A)... 19 AR 21% United Stores pf (4) 1 Tla. Corp .. Peoples DS pf (63) Univ Leaf Tob pf(8) 308 Basic Industry 129 Peoples Gas(Chi)(8) R 13% Pere Marquette Ry.. Univ Pipe & Rad. 2 | Chinin & Gen Bauities . 18% Pere Marquette pr pf 100s Utf) P&L(A) e12.15. 37 . ¥ Chartered Inv pf Vanadium Cor see BWOR Chelsea Exch A Van Raalte 1st pf... 508 Cecavoach B Va Elec&Pwr pf (6). 108 Corporate Trust o000 et | rate Tr Acc Vulcan Detin (4) ... 1308 Crum & Foster ¢. ... Wabash RR... Crum & Foster 8- ‘Wabash Crum & Fost Ins 77 4 Ward Baking (B). Diversified Tr B " Ward B#king of (7 Do Jr O 4 | Equity Invest &5 Warner Bros pf 3.85. A Warner Quinlan. Sauity Trust Shrs £ Five-vear Fixe arren Bros Fixed Trust 85 A+ Warren Bros ev pf Fixed Trust Sh B.. e | Fund Tr_Shrs B. Wesson O&Sno nf(4) | General Equity A West Pa I pf (6). Granger “ltade West Pa El pf (7) Gude' Winmill Tr Pwrpf (6). Founders cv pf ctfs. Peerless Motor 28% 3 U S Steel Corpn (4). 440 Y o 2% Peop Drug Strs (1), sl Univ Pic 1st pf (8) 208 Chartered Invést - » Pere Marquette pf... 208 4% 1% Va-Cora Chem 3 Corporate Tr AA.. g . Crum & Foster Ins i Waldorf Sys (114) Diversifled Tr A ‘Warn Bros Picture ¢ Equity Invest pi Wesson Oil&Sno(2). Fund Tr Shrs A incorp. Investors Incorp Invest Equit Independ Tr Shrs.. | Int Sec Corp Am_ A Int Sec Corp Am B. Int Sec Am 60 pf Int Sec_Am 6%z pi 4! Inv Tr N'Y Coll “A’ Invest Trustce Sh .. Leaders of Indust A Leaders of Indust B.. | Leaders ot Indust C 3 3 30 o Western Dairy (B).. Western Maryland Western Md 2d pf. Western Pacific. Western Pacific p! Western Union (6) Westinzhse A B ( 4 Westinzhouse (2 Wsthse M 1st m Weston Elec Instru Westvaco Chlor 1.60 Wheeling Steel. ... Wheelinz Steel pf 3) White Motors S Wilcox Oil & Gas Willys-Overland. Wilson & C.... Wilson & Co pf Wilson & Co (A). Woolworth (f4.40 Worthington Pumy % Wrizley (Wm) (4) 3% Yellow Truck 13 Young Spr& W 19 Yestwn Sheet&Tube. 7_Zonite Prod Corp (1) Paris-Ly M 7s Paris-Or 5% s "6 Penn 4% s D ‘81 Penn cv 4%s 60, Penn &n 435 °65. Penn 4%5°70. . Penn 4% 8°63. . Penn 58°64. ... Penn gen 5. 10s Penn 635 °36... 10 17 9% 8 3% 51% 10% 72% 1067 BO%W 5% 29 78 14 Sales. High. SW Rell T 5s A '54. 17 1041 Sou Paccol 4s°49.. 2 78 Sou Pacref 4s'55.. 11 86% Sou Pac 4%s '68 3 T8 Sou Pac 4%s ‘81 9% Sou P&Or 4%s '17. 8814 Sou Ry &n 56... 60 Sou Ry 6: . ki Sou Ry 6% 8014 St OfI N J 68 "4 102% StOIIN Y 4% 974 Sweden 535 "5 91 Swiss 5%s 46, 102% 68 104'% Taiwan E P 5%#'71 Tenn EI P 6s A 47, Tex & Ark 5% 79% ‘Texas Corp 5: £9% Tex&P 1st 5s 2000. 98 Tex & Pac 5s B '77. 4% Tex&P5sC'79... 3% 31% Ny Pere Mar 4135 °80.. Peru 65 '60 Peru s '61 Peru 7s '59. Phila Co 5s '67. Phila Eiec 4s°71. Phil & Read 6s'49. Philippine R 4s'37. Phillip Pet 5%s ‘39, Pillsb F M 6s°43. .. PCC&StL 4%s 77, . P C C&StL 58 A '70. Poland 63 '40.... Poland 7s '47. Poland 8s°50. Port Gn E1 414s'60. Por R Am T 6842, Pos Tel & C 5s'53 Prussia 6s ‘52 Public Serv Pub Sv G 4%s'67 Pub Sv G 4%s°'70 Pure O11 5%5°37... Queensiana 6s "47.. Queensiana 7s “41.. Read Jer Cn 48 '51. Reaa gn 4% A '97. Rem Arms 6s A ‘37 Tr 8h Second Int 2 1708 60 11 6 5% 3 14% 14 25 2 24 28 8% RIGHTS—EXPIRE. % Elec Po&Lt ..Dec 4 136 1% 3% Peop G L& an1s b 4% Sales of Stocks on New York 10:30 AM. 500,000 0 Noon. 1,400,000 1:30 P.M.. 2,200,000 2:10 P.M. ,500.000 Dividend rates as given in the above table are the annual cash payments based on the latest cuarterly or half-yearly declarations. XEx-dividend. sLess than 100 shares. tPartly extra. 1Plus 47% In stock. fPlus 3% in stock. a Paid last year—no regular rate. b Payable in stock. e Payable in cash or stock. fPlus 8% in stock. hPlus 2% in stock. §Plus 50c in special preferred stock. K Plus 3% in‘stock. mPaid this year—no regular rate. nPlus 5% in stock. p Plus 23a% in stock. | Selected Manage Shawmut_ Bank Spencer Trask Fi Stand All Am Tr. Stand Am “Tr Shrs Collat Trust e Sireet Invest of Am Ir A r of Am Tr B. of Am Tr of Am 'Ir D. 1% % 1% 4% change. - a0 noabn @ & Trustee % Trustee St Ol A... Trustee St O}l Shis Trusteed N ¥ C Bank Trusteed Am B Sh 0 1 208 9 3 57 45 159 1 P Third Av adj 58 '60. Toho El Pw 6s°'32. ‘Toho El Pw 75 '55. Tokio 58 Toklo 53%s"61..... Toklo El Lt 6s'53.. Un Pac 18t 48 °47.. Twenteth Cent Fixed Two-Year Trust Sh United Fixed Shys Unic Fdrs1-70t) United Ins Shrs | United Bank Tr. ¢ U'S & Brit Int Lid A S & Brit Int 53 pf, s s com o SorpBaves » Elec Lt & Pow A Elec Lt & Pow B. niversai Tr Sh... Commodity Index Unchanged. NEW YORK, November 9 (Special). e il . w0 was a firm tone to the market in Maine. Ehipments for most producing sections are light in proportion to the reported —Surprise was expressed in the Street today over the absence of any appre- ciable advance in the weekly commodity SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) Erfe con 4% A ‘53 Erieconv 4s B Rhinelbe 7s ‘4 Rnine West 6s '52. Rhine West 6s°53.. Unit Drg cv 63 '53 Utd King 5%s ‘37, QUOTATIONS AND DAY’S SALES SALE! ‘Washington Gas 6s “A"—8$1,000 at 100. Washington Gas 6s “B"—$200 at 102, $100 at 102. Potomac Electric 5% % pfd—5 at 1074 | N4 15 Siampost (12 N. ; | Firem 8) American- Security & Trust Co—32 at|Edt- Elec. Power € pid, | National ‘Union " {15 300. 2 at 300, 8 at 300. . Rwy. & El. com. (T) 1] | TITLE INSURANCE. Bid and Asked Prices. Rwy. & EL pfd. (5) a NATIONAL BANE. | ReM™BAtaee Tdrs. 22 BONDS. PUBLIC UTILITY. U S Rub 1st 58 47 UnSt W 6%s Erle gen 4. Erfe cv 68 Eris 58'75. Flat 7s ex war '46.. Finland 6345 Finland %8 ‘5! Finland s '50. Fla E Coast 58°7: Fond J&G 4%s '52. French 7s'49 Fram | D 7% French 7348 41. index, in view of the rise in wheat, corn, cotton, silver, cocoa and some of the base metals. The Fischer index is practi- caliy where it was three weeks ago and only slightly above the low point for the depression reached in the first week of Octcber. Corcoran (10) Rhine West 68 '55. . Rio de Jan 6%s '53. Rio de Jan 8 R Gr Do Sul 5 R Gr Do Sul 85 '46. Rome 6% ‘52 Roy D s 45 ww. StL I'M R&G 4 St L&SF In 48 A StL&SF 4%s'7 StL&SF p 1 55 B ‘50 StL S W 535! St P Un Dep b: San A& A P 4 Sao Pau 78’40 ret Sao Paulo 8s'36. Sao Paulo 8s 50 Saxon P W 6%8'51. Saxon 7s 45 . Seab A L rf 48°59.. Seab A L cv 68 "45. a All Fla 6s.A'36. production. Growers in Western New York hesitate to sell at 25 cents per bushel in bulk. Long Island is more than 200 cars behind last season’s move- | ment and Maine has shipped 4,000 cars | less this season. Bid. Offer Allis-Chalmers Co. 5s 1937. . 90 95 American Chain Co. 65 1933 9215 93 American Tel. & Tel, 106% Amer Wat. Wks. 95V Baltimore & Ohio 9274 Belding Hemingway Co. 65 1036 85 Bethlehem Steel Corp. '5s 1936. 9813 Canadian Nor. Rwy. 4l2s 1935 Chi. Northwestern R. R." s 1933 Chicago Rock Island 4s 1934 Cleve Lor, & Wheeling 55 Colorado & So. Rwy. 4las Commercial Credit Co. 5%;5 Delaware & Hudson Co. 5s Denver & Rio Grande 4las Gen. Mot. Accep. Corp. 6s General Betroleum Corp, 55 General Public Service 5Yas Grand Trunk of Canada 6s Houston E. & W. Texas 55 Humtle Oil 5%2s 1932.......... Laclede Gas Light Co. 85 1934 New York Cent. & H. 45 1934 Northwestern Telep. 4%zs 1934. ... Pa. R. R _Co. 625 1938........ Portland General Elec. 55 935 Republic Iron & Steel 55 1940 Sinclair Crude Oil Co. 8125 1938 Southern_ Pacific 55 1934...... 475 | St. L. LMS. Ry. R. &G. 45 i933 Union Elec. Lt. & Pow. 85 1933 Union Oil Co. of Calif. 85 1935 Virginia Rwy. & Pow, 'S5 1934 Wabash Rwy. Co. 55 1939 TREASURY CERTIFICATES. (R ted by J & W. Seligm ) s B o Dec. 15, 1831 STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9).. Traction Co. (4) Uruguay Uruguay 6s Uruguay 8s 46 Utah P& L 5: Utll Pw 53 '59 ww. Util Pow 5%8 *47.. Vanadium St 58°41. Vert Sug 1st 7s "42. Vienna 6s 52 Va Ry 1st 55’62 Wabash 4%s Wabash 1st 5s 39 Wabash 6s B 76 Wabash 5s D '80 voavesdnanSen ow cCexBCalannmanes Yield on Stocks. NEW YORK. November 9 (Special). | —Moody's Service today points out that | the average yield on a group of sev- eral hundred active issues had dropped to 9.72 per cent on November 2, com- ared with 12.04 per cent on October 5. ith the rise in the last weck, it is now about one-half of 1 per cent lower | than at the beginning of the month, FOREIGN EXCHANGE. Ana, & Pot, Guar (AQuotations furnished by W. B. Hibbs & Co.) | ‘C:rpll;l 'g‘rbntnbon |§ Nominal gold Belling checks | Sity & Suburban 5a...... . Potomac Elec. Cons 5% 2 | Potomac_Elec < Wash.. Alex. & Washington ' Gas Washington Gas Wash Gas 6s. series A Wash. Gas 6s. series B.... Wash. Rwy. & Elec. 4s.. MISCELLANEOUS. ber & Ross. Inc.. 6% vy Chage Glub §las. . umbia Country Club [ T Mfe. M. Cold Storage 3. 4 Solinaie o MISCELLANEOUS. Commercial (stamped | Col. Medical Bldg. Corp. (8) Col. Sand & Gravel ptd. (7 Diatrict (8) . B e Mol D C. Paper Mfg. nfd. Lincoin (12).% .0 Metropolitan Riges (158 ... Weskinaton (i R Washineton JRUsT COMPANY. Amer. Sec. & Tr. Co. (15)...... Continental Trust (8) . A Natl. Sav. & Tr. (12: : Prince Georges BK. & | Unlon Trust (8s S | Wash. Loan & Tr. (1415111 ¢ mernSAVINGS BANK. nk o esca (637 . ... * & Savings (10).° ;;':'i Washington (12) e "Bav. & B (1 Sl e ) o ; ash Mechanics (30). FIRE INSURANCE. American (12)... Gen Th Eq 6s°40 German §%s '65 German Bk 6s'38.. 44 Ger Cen Bk 6s°'60J 34 Ger Cen Bk 63'60 0114 German 7srep ‘49. 62 German Bank 78’60 1 Ger Gen El 7s'46... 1 Goodrich ev 20 Good 15t 6%s'47.. 2 Goodyr Rub 68'57.. 58 GrandTr sf db 6s'36 7 Grand Trunk 7s'40. 45 Grt Nor4%s'76 D. 6 Grt Nor 43%s 17 E. Grt Nor gn 5%s°62 Grt Norgn 7s Greek 6568, Hoe & Co 6%5'34. Dist. Natl. Sec. ptd, Emer. Bromo-Selz, “A’ Federal Storage pid. (8) Fed.-Am. Co com. (1.201 Fed.-Am. Co. pfd. (6). | Lanston ‘Morotype (8)"." | Mer. Tr. & Stge, com. (10). | Mer. Tr. ‘& Stge ptd. (7). Mergenthaler Linotspe (6): Natl. Mtge. & Inv. pfd_ (8} Peoples Drug Stores pld. (813} Real Est. M. & G. ptd. (8) | Security Storage e | Ter. Ret. & Wh. Corp. (3). | The Carpel Corp (2)., | W Mech Mige, com. (8} 1 ed. Blag. Cor Wodward & Lothron com (130} Woodward & Lothrop pfd. (1).. *Ex. 2% extra. bBo ¥21%% extra. 37 extra. 4% 5% id. 5 Amer. Tel. & Tel. 4%s '39. g o, Am. Tel. & Tel, ctl. tr, 5s. Anicostia ‘& Poi. R R8s 4 Ana. & Pot. Guar '5s 50% 67 5414 51 54 824 334 96t 101y 8 8% 954 102% L3 50 BANADE A0S AN West Md 4s ‘52 West MA5%s°77.. West Pac 53 '46. . West Union 5s ‘51 * Serbs-Cr-S1 7s '62.. Serbs-Cr-S1 8s '62.. Shell Un Of} Shell Un Of1 & Sinclair O11 6 Sinc CrO65%s'38.. 23 Sinc P L G842 .2 Skelly O11 5%: y Am bs ‘42 1 T&T 6841 28 London, pound Paris, franc. . Brussels, belga.. Berlin, mark Jif? 4 e eta pes schilling ‘Budapest. pengo. .. Lrague, crown (nom.) ‘Warsaw _zloty 1 Gopennagen, ero Ozlo, crown. . E Elockpolm. crown...’ 26. X 3 104 65 50 3 18, 1931 R 3133 Sol 3igs Dec. 18, g 100 8-32 Sou V913 Bl