Evening Star Newspaper, November 12, 1931, Page 14

IBER 12, 1931 D. C., THURSDAY FOREIGN BOND LIST | (o o= BONDS o] INREASENSTEEL 5 SHARPLY LOWER]__ PRODUCTION NOTED 18t 4% itheks Ingot Output Has Gained for Third Successive Week, Says Trade Journal. ANCIAL THE EVENING STAR, WASHINGTON NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. e FRENCH IOUSTRY | N SLACK PERIOD Czechoslovakia Also Declared Affected by Slump in For- eign Business. UNITED STATES. (Sales are in $1.000.) Bales. High. Low. 100 4 1002 101 10 1016 101 15 10111 9328 9319 954 9423 99 98 28 99 98 25 99 98 27 101 100 31 102 30 102 20 1076 1074 1074 5. Hich. Low. 2.55 454 46% Saley High. Low. 2:55 Int Rap Tr6s'32.. 5 3813 38l 381 Int Rap Tr 7s 32 5 Int Cement 68 "4! Net. High. Low. Close. Ch % 1 T+ 11 24 9% 178 931— Stock and Bales— High. Low. _ Dividend Rate. _Add 00. 4% Tex Pacific Land Tr. 5 813 The Fair 1). . 2 Thermold Co 6% Thompson Prod 1.20. 1% Thompson Starrett. . 315 Tide Water Asso Oll. 2015 Tide Water As pf(6). 19% Timken Roller B(2).. 1% Tobacco Products. .. 3l Transamerica Corp.. 3 Tri-Contl Corp. —(Continued Prom Page 13) —131— Stock and | Bien. “1ow. | Dividend Rate. 25% 64 Phelps Dodge Co. ... 5615 43 PhilaCo 6% pf (3).. 3% Phila&Reading C&1 _1 11 Phillips-Jones Co.... T 4% Phillips Petroleum. 5% Pierce Oll of. 7% Plerce Petrol 20% Pillsbury Flour (: 6 Pitts Coal 35 Pitts Coal p: 2:58. 100 2 1018 10115 % ok 781 Chge. gre 7 . Low. Cigse, 32-47 10 o 5 o 33.38181 51-55 367 41 4% 44 6 6 Int M Co 58 ret's1 Int Match 58°47... Int MM col tr 6541 Int Pap 65 A '47 Int Pap 65 '55. Int Ry C A bs IntT&T 4%s Int T&T cv 4% Int T&T 58'55. 51. E 3 Domestic Group Holds Fairly| Steady in Quiet Market. Buyers Cautious. u K n 13% ;t-u.n 101 61 U S ¢%s47-52.. 31 qagccasrrp [++++444 ] By the Associated Press. NEW YORK, November 12.—For the third consecutive week, steel ingot pro- duction has gained slightly, Iron Age says in, its weckly review, being estimated at 31 per cent against 30 pet cent last week and 29 per cent the week before that. “Against an average output of 27.76 per cent in October,” the review says, “this is the most consistent increase in steel activity since last Spring. While its importance could easily be exagger- ated in view of the sluggishness of some branches of the industry, there is hoj of further slight betterment durin; e remainder of the year, putlmllr‘y in ;:wmobue tonnage, to be followed, per- ps. by a sharper upturn in the first quarter of 1932. Rates Fairly Steady. “‘Steel-making rates have not changed materially except at Wheeling lnd“ln the vallgys, but orders for some lines of finished Steel sheets especially are more lel;l::mu! and ‘mq(‘yl:txl?s have shown an more nctew y expansion, un- doubtedly incicating ~greater require- ments, as manufacturers would be slow to increase stocks with the inventory season approaching and with no price advances in immediate prospect. “Some improvement in business has come from farm implement manufac- turers, warehouse distributors, the oil country and agricultural communities. The rise in pric~s of staple commodities has had a wholesome psychological effect, but industry is inclined to view the rapidity of the advance as some- what speculative and has not lost its sense of caution. “Although autorfobile orders for steel are improving, much of the steel that will be needed for production of new lfloflell is still to be specified. Thq BY F. H. RICHARDSOM Special Dispatch to The Star. NEW YORK, November 12.—Foreign dollar bonds sold off today, but the 4 | domestic list remained steady in quiet trading. Trading in bonds has dwindled rapid- Iy in the last two days, chiefly be- cause of the cessation of the unusual demand that came with the November 1 reinvestment programs and because many foreign issues, notably the Ar- gentines and lesser rated Europeans, had had too rapid an advance. Speculators in foreign bonds were holding off pending some constructive development in the Franco-German situation. They became even more wary today after President Von Hindenburg signed an emergency decree forbidding the transfer of mark balances by ior- eigners who have sold German securi- ties and preventing German citizens from purchasing German bonds in for- eign markets, except for sinkine-fund purposes. Young Plan 5!4s, which had been over 3 points higher at one time, | AFgentine 6s B '55. dropped to a small net gain on the day 38, . and Dawes Reparations 7s, after. show- : ing a 2';-point gain, were barely 3 steady. Great Britain 5125 held around par and other British securities also had a firm tone. Canadian Government 4s and 6s were actively turned over at unchanged prices. Canadian railroad bonds were fractionally lower, reflecting the sag in wheat prices rather than any fluctuation in Canadian exchange, which was steady at 9% per cent dis- count. Most European issues were fraction- ally lower, but the trading in them was so small as to give the price changes little significance. Australian issues were quiet. Argentine 6s were off 2 to 4 points, but other South Americans were inactive. In the domestic list the speculative rails lost most of their early advances. Missouri-Pacific 51:s, for instance, dropped to a net loss of 1% points after having been slightly higher on the day. Texarkana & Fort Smith 5145 Jumped over 3 points and then receded. Industrials were irregular. High-grade corporation descriptions were little changed. Tke money market appeared to have steadied around present levels and, with no immediate prospect of a change in the rediscount rate, municipals such as New York State 4s, New York City 4158 and better grade State and city obli gations were firm around Wednesday'’s closing levels. United States Govern- ment issues were quiet and firm. Some small new municipal offerings are coming into the market, but Alle- ghany County, Pa. called off its pro- posed sale of $4,200,000 4'2 per cent bonds to await a better market. Bonds were higher at the opening. ‘The German gioup advanced from 1 [) Abitibl P&P & Adams Exp 4s Alleghany Cp 5544 Allegheny 58°49. Allegheny &8 '5 Allis-Chalm 65 '37. Am F P 582030.... AmIGChb¥%s'49. Am Int1 53%8°49.... 1 Am Metal 5%5'34.. Am N Gas 614842, Am S&R 18t 5847, Am Sug Ref 6s'37. Am T&T cv 434539 Both France and Czechoslovakia, which began to feel the effects of the | depression later than most other coun- tries, are now being increasingly af- fected, the Commerce Department re- ported today in its comments on favor- able and unfavorable factors in the week's developments based on tele- graphic advices received from its for- eign correspondents. ! The report said in France the heavy unfavorable trade balance is causing concern, unemployment is rising stead- 1ly and production is declining. In Czechoslovakia, the report added, there is a decline in business in place of the usual Fall expansion, but foreign e Toraine. manthe considerably exports B U. S. Position Improves. « 7 Reynolds Metls(1%) Czech statistics show the United States 85'% Reynolds Tob B (3).. advanced from fifth place to fourth as a 7 Richfield Of1 supplier to Czechoslovakia during the 2% Rio Grande o first nine months of 1931, occupying 9 Rossia Insur (2. the place formerly held by Hungary. 13'5 Royal Dutch of NY United States imports, the depart- B0% Batoway Storen () ment was advised, comprised 5.5 per 6 Batewey BUDL). cent of the total during this year as S7% Bateway Bsor (1), compared with 6.1 per cent during the 914 St Joseph Lead (1).. 1930 period. Although this country 615 StL-San Francisco. . has been able to increase its relative 715 StL-San Fran pf(6). position, its total share is not so great 4 Schulte Retail Stores as a year ago. 3 3% Seaboard Air Line ‘The downward trend of this country's 14 Seaboard Air Lin, princ’ gal exports to Czechoslovakia, cot- 515 Seaboard Ofl. .. . ton, rubber goods, motor vehicles and 315 Seagrave (40¢).. i office equipment, was reported due to 31 Sears Roebuck (2%). the depression than to competition from 14 Seneca Copper. .. other countries. Germany is still the 3% Servel Inc.. outstanding source, Commerce Depart- 38 Sharp & Do pf (3%4). ment records show, supplying 27.6 per 11 Bhattuck(FG)(11%) cent of the total in the 1931 period as 3% Shell Unlon Ofl.. compared with 255 per cent in 1930 235 Shell Union Ol Dt riod. Austria is in second place and S5 INIIRTIONS C0, »e land third. 4% Simms Petroleum Czechoslovakia exports to the United 515 Sinclalr Consol Ofl. . States for the quarter ending Septem- 3% Skelly Ofl.... ber 30, 1931, were valued at $5.490,000 % Snider Packing. as against $6,648,200 in the correspond- 2 Snider Packing ing period of 1930. Footwear, the lead- 4 ing item in the first half of 1931, yield- 49% Solv Am pf ww(5%). ed its place to linen and linen goods in 7 South Port Rico Sug the third quarter. 87 Sou P Rico Sug pf(8) The report on the week’s develop- 28% Southn Cal Ed (2). ments said political uncertainty is pre- 45 Southn Pacific (6) venting Spanish business from showing 147% Southern Rwy (m6). the normal Autumn revival. Agricul- 23% Southern Ry pf (5).. tural prospects, however, were reported 315 Sparks Withing (1). improved by the breaking of the 1% Spear & Co. drought. 9 Spencer Kellog(80c) .20). Othiae “TRARs DA, 12% Stand Brands (1.20) 29% Stand Gas&El (3%). Although the abandonment of the % Stand Invest Corp... gold standard by Great Britain, the re- 281 Stand Oil of Cal(2%) % rt said, “furnish a temporary set- 8% Stand Ofl of Kansas. 3 Y 1 to Norwegian business, the set- 28% Stand Ofl NJ (2) - 7 tlement of the prolonged labor difficul- 1 Sterling Secur (A ties has stimulated export and domestic 21 Sterling Secur pf. industries to some extent. Ulen & Co. ..... Under Ell Fisher (4). Union Carb & (2.60) . Union Ol of Cal (2). Union Pacifio (10)... Union Pacific pf (4) Unit Afreraft....... Unit Afreraft pf (3). Unit Am Bosch. Unit Biscuit (2) Unit Business Pub Unit Carbon. . Unit Cigar Stol Unit Corp (76c). Unit Corp pf (3) Unit Fruit (4). Unit Gas&Im(1.20).. Unit Gas&Im pf(5).. U S & Forn Secur. ... U S & For Sec pf(6) .. .. 8 39% Proct & Gamb ¢2.40), 517 Public Sve NJ (3.40). 13414 Public Sve N J pf(8). 22 Pullman Corp (3) 1 Punta Alegre Sugar 11% 5 PureOll.. 55% 124 Purity Bakeries (2). 27y 10% Radio Corp. 55% 43% Radlo Corp p! 60 25'% Radio Corp (B) (5).. 2415 4% Radio-Kelth-Orph A 29%; 913 Raybestos Man(1.60) 47 36 Reading Ry 2d pf(2) 31 Real Silk Hoslery. .. 131 Real Silk Hosiery pf. 4 Remington-Rand.... 20 Rem-Rand 1st pf (7) 29 Rem-Rand 2d pf (8). 3 Reo Motor Car(40¢). Karstadt 6s°43. . Kend 5% 48 ww Kresge Found 636 Kreug & To! z Lac G St L 6s Lautaro Nit 6s ‘54 Leh Valley 5= 200 Lig & Myers 58 '51. Loew's 65 ex w 41, Lorillard 68 '61. Lorillard 5% s La & Ark 55 '60 Lou G & El 55 '52 L & N uni 4540 Lvons 6334 McKes & R5% 550, Manh Ry 1st 45'90. Market St 75 '40 Marseille 65 34 Mex 4s asstd 1904 .. Midvale Stl 5s ‘36 Milan 618 '52 Mil ERy & L 58 '61 Mi) El Ry&Lt 5s '71 M StP&SSM cn 4s.. 5 | Leath or pf (7).. Pipe & Fdry (2). Realty & Imp. .. Argentine 63 A '57. Rubber 1st pf... Smtg & Ref (1 Smtg&Ref pf 3% 4 U S Steel Corpn (4). U S Steel pf (7)..... United Stores (A). .. United Stores pf (4). Unlv Pic 1st pf (8).. Univ Pipe & Rad pf. Uti] PEL(A) ot2. 7. Mo Pac gn 4s '75. Mo Pac 53 F '77 Mo Pac 53 G 78 Mo Pac 53 H '80. Mo Pacrf bs % Mo Pac51%sA'49., Mont Pow 5s'43. Montevideo 65 °59. . Montevideo 7s '52.. Nassau Elec 45 51. SO 674 56 54w 101% 100 431 431 46 44 50 491 95% 951 95% 8115 81 81 102% 102 102% 106 106 106 7 4 e 52 53% 96% 811 82 9074 CaempRa aathi 431 44 50 2 30 Pwr pf (6) Wabash R R . Waldorf Sys (1%).. ‘Ward Baking (B). .. Ward Baking pf (7). Warn Bros Pictures. Warren Bros. . 2 Webster Eisenlohr. . Wesson Of1&Sno(2) . Wesson O&Sno nf (4) e Ford otor Co. has been particularly siow in releasing tonnage, which points to the Ppossibility of a delay in its new manu- facturing program. k& ctations for the remainder of the year have been modified somewhat by the probability that the bulk of rail January. the mills have this tonnage in hlng for rolling in the early Winter months. New Inquiries. “The steel mills are not recelv much fresh support frem by ulet?x:s struction, notwithstanding that a re- liable estimate places the amount of pending work at 650,000 tons. A con- spicuous feature of current activity ic very small number of private undert: ings, public projects predominating. Lettings in the week were only 17,000 ns, but new inquiries total 32,009 tons. ‘Although the steel industry looks to the farm sections for some business "r.gl;‘:' provided the improvement in NOT&MS5s B 54. Nw S Wales bs '57. Nw S Wales N Y Centdb 4s°34. N Y Cent 4%s 2013 NY Cn rf 4%s 2013, NYCrf im 68 2013. NYC&StL4s’s NY C&StL 4%s'78. NYC&StL5%8A'T4 L+1+1+ Beiglum 6%s Belgium 7s '/ Bell Tel Pa 63 B "4 Western Dairy (B).. Western Maryland. . Western Pacific..... Western Union (6).. Westinghse A B(2) Westinghouse (2%) . Wheeling Steel...... Wheeling Steel pf 3). White Motors. 5 Wilcox Rich A (2%). Willys-Overland. ... Woolworth (14.40).. Worthington Pump. . Wrigley (Wm) (4).. 3% Yellow Truck. Zenith Radlo. . : Zonite Prod Corp (1) RIGHTS—EXPIRE. Elec Po&Lt ..Dec 4 46 1 Berlin Cy El Beth St1 Tt 5 3 13% 111% 95% 951 106% 106% 66% 6674 99 99 10214 10215 50 . 10 Nia Sh Md 6% ‘50, Nord 63 50 2314 33 5d% 32y 687 5% 1% 8% 1.... Nor Am Ed 68 C *69 Nor Am E 5%s63. % Nor O T & L 6: Buff Gen El ¢ 20%4 Sterling Secur ¢ “Polish foreign trade through Sep- tember shows an export surplus, but exports as well as imports have been lower in value than t year. The volume of Austrian foreign trade ccn- tinues to decline, but the import ex- cess during September was the lowest in several years. Exchange regulations in Greece to prevent depreciation of the currency have affected business condi- tions adversely. Optimism has been in- creased in Canada by the upward surge of grain prices, but wholesale and re- tail trade as yet shows little gain. “The Japanese public expects a fur- ther decline in yen exchange. Retail lndln{ continues brisk in South China; boycott activities have greatly restricted rts into Shanghal from Japan. itish Indian export trade has stimulated by the depreciation of the rupee, but domestic business did not show a marked gain during October. ‘The tone of Philippine markets is bet- ter, owing to a stronger market and advancing prices for copra and hemp. Better wheat prices and the steadiness of the wool market have improved the Australian outlook; the seamen’s strike at Sydney has ended. “Except for continued slackness in the import trade, developments are gen- erally favorable ii Argentina, with a centinued rise in cereal prices, good crop prospects, and an easier exchange situation. Slightly increasing confi- dence and an optimistic attitude in general trading characterize the Bra- zilian situation. The business tone is firmer in Mexico, although actual con- ditions show little change.” Exchange Seat Higher. NEW YORK, November 12 (#).—Ar- rangements have been made for the sale of a New York Stock Exchange mem- bership at $180,000, an advance of $5,000 from the last transaction. Twin Arrested for Brother. Resembling one's twin brother is no longer a joke to George and Harry Ridley, aged 23, of Darlington, England. Harry is a civilian and when he visited the army camp to see George, who is a private, he was taken to the guard room and charged with being a soldier in civilian clothes without permission. When Pvt. George appeared Harry was. released. Not long ago the twins en- tered a billiard contest. George was beaten, and his victor qualified to meet Harry, but refused to play because he “had already beaten him.” He would not con*inue until he had seen them together. 4% Stewart Warner. 13% Srone&Webster(m2). 9 Studebaker Co(1.20). 19 Superheater (2%). 15 Superior Oil 12% Telautograph (1.40. 2% Tennessee Corom. 36% 15 Texas Corp (2) b65% 20% Tex Gulf Sulph: 10:30 A.M. 1:30 P.M. ividend rates as Pl us 2% in stock in ‘stock. m Paid k. D Plus Sales of Stocks on New York Exchange. 200,000 12:00 Noon.. 600,000 800,000 2:10 P.M.. 1,000,000 given in the above table are the annual cash d on the latest quarterly or half-yearly declaratigns. u ares. 1Partly extra. 3Plu n 100_shi A Paid last year—no reguiar rate. T stock. {Plus 87 in stack. 50c in special preferred stock. k Plus this year—no regular rate. nPius 5% in tock. FARMERS' PROBLEM ISHELD UPTOU. . North Carolina Governor Ad- dresses Conference of Heads of Four States. By the Associated Pre CHARLOTTE, N. C., November 12— Gov. C. Max Gardner of North Carolina described the plight of South- ern agriculture as a national and in- ternational problem here today and !&uflfi the burden of solving the probleth fell primarily on the Federal Government. Addressing a four-State meeting at- tended by the Governors of the Caro- linas, Virginia and Georgia, he said President Hoover should call a national conference on agriculture and an in- ternational conference to deal with the cotton situation. Blackwood Dissents. A divergent view was taken by Gov. Ibra C. Blackwood of South Caro- lina, who Louisiana, South Carolina and other cotton-producing States had taken steps to limit next year's cotton acreage by legislation. The North Carolina executive had asserted that any cotton plan that did not take into consideration the cotton growers in foreign countries was fallacious. The North Carolina Governor served warning on the buyers of cotton, tobac- co, peanuts and potatoes that the pro- duction of these crops in the Carolinas, Georgia and Virginia will be drastically reduced in 1932. Seated by Gov. Gardner at the open- pointed out that . Texas, | | By the Associated Press. NEW YORK, November 12.—Saburo Sonoda, New York manager of the Yo- kohama Specie Bank, declared that the recent weakness of Japanese govern- ment bonds on the stock exchange was not_justified by existing conditions. ‘The 6,8 of 1954 were being quoted at 893 to 90 and the 5's of 1965 at 2% to 74% at the time. The Oriental development bonds, which are guaran- teed by the government of Japan, were also down, the 5'.s of 1953 selling at €7 to 68 and the 6s of 1953 from 67 to 70. All these Japanese securities were under yesterday's prices. Mr. Sonoda attributed the selling of the securities to three causes: 1. Slackness in the general bond market. 2 2. Pear that Japan will suspend the gold standard. 3. The Manchurian situation, SALES. 1 Wlshllngwn Gas 6s “A"—$1,000 at 100%g. | Washington Rwy. & Elec. 4s—81,000 at | " 86%4,$1,000 at 8614, $1.000 at 86V | City & Suburban 55—$1,000 at 64, . AFTER CALL. | City & Suburban 5s5—8$1,000 at 64. ‘; Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Asked. 1197, & Tel. 4yn '3 3 DECLINE IN JAPANESE BONDS IS DECLARED NOT JUSTIFIED “Even the best American securities are not attracting the attention of buy- ers as they should,” said Mr. Sonoda. “ ese loans are affected, naturally, by this indifferent attitude of investors. It goes without saying that ors that Japan will go off the gold standard are without any foundation whatever. Japan’s credit is the best in‘the world, her trade balance is excellent and her investments abroad amount to prac- tically nothing. So you can rest as- sured that we will continue on the gold standard. “The Manchurian situation looks bad in the headlines only. It is not a war in any sense of the word. I look for the entire thing to be settled soon. We are merely protecting our interests in Manchuria and we intend to continue doing s0. And in the meantime the bonds of my country are as good as they ever were, which means they should be selling above par.” WASHINGTON STOCK EXCHANGE QUOTATIONS AND DAY’S SALES Liberty (7§) Lincoln (12). Metropolitan Riges (155) Second (9e) Waskington (4 13| TRUST COMPANY. Amer. Sec. & Tr. Co. (15) 3 Continental Trust (6) Natl. Sav. & Tr. (121).)] Prince Georges Bk. & Tr. Union Trust (8s)......... Wash, Loan & Tr. (i4). SAVINGS BANK. Bank of Bethesda (68) Com. & Savings (10)... ast’ Washington (12). . Potomac (101, .. . Sec. Sav. & United States (30) to 2 points on u stronger tone in Lon- don and the Continental markets. Young plan 5'2s at 40 were up 113, as were Dawes rzparations 7s at 64. Ger- man Central Bank descriptions im- proved fractionally. British 5l,5 were firm around par. South American bonds were inactive and little changed. In the domestic list railroad issues were most actively supported. Small gains occurred n Missouri-Pacific 5s, Nickel Plate 4!3s, Alleghany Corpo- ration 55 and similar types. United States Government long-term issues and the high-vrade corporation group were unchanged. Locomotive Order Placed. NEW YORK, November 12 (#).—The Lehigh Valley Railroad has placed an order for 20 high speed freight locomo- tives, divided equally between the American Locomotive Co. and the Bald- win_Locomotive Works. The order is the largest for railway locomotives placed this year. The new engines will be delivered to the Lehigh Railrcad early next year. Discount Rate Lowered. VIENNA, November 12 (#)—The Austrian National Bank has lowered its disc;mm, rate from 10 per cent to 8 per cent. INVESTMENT TRUSTS NEW YORK, November 12 (&).— Over-the-counter market: & Bid. Asked A BCTrshs D 5, A A B G Tr8h [ ] & L & Gen'sec A & den Sec & Gen sec g % pf . Founders 1-70th corn’ Founders cv pf ctfs m Founders 1-40th com Chartered Inv pf . Chelsea Exch A . Chelsea Exch B . Cumulative Tr 8h s, 03 | Cuba Nor 534842, '62 % Calif Packing 6 Canada 4% Canada 65’53 40 Can Can Nat 5s Oct '69.. Can Nor 4383 Can Nor 638 Can Nor 75 db *40.. Can Pac 58 '4¢. - Car Clin & O 68’52, Cent Pac 4s°49..... Cen Ry.NJ g 6887, Cert-td db bis ‘48. Ches Corp 58°47..... Chi Rwy's 58 °27.... Chi RI&P gn 45 '83. Chi Un St 5844 C & W Ind cn 45’ Chin GvtRy 68 Clev Term 4%s 77, Clev Term 5%s *72. Colomb 6s Jan '61.. Colomb 6861 Oct. Colon Ofl 65 '38 Colo & Sou 4%s 80, Col G&E 58 May’'52. Ner Pac 4897 Nor Pac r16s 2047, Nor St Pw 5s A "41. Norway 5s'63 Norway 5%s '65. Norw; | Ore Sh L 55 gtd "46. Col G&E cou 5s'61. 18 Com Inves 6%s '49. Con G NY %3’6 ConG N Y 5%8°4 Con Pwr Jap 6% Con Pow Japan Copenhag 58 ‘52.... Cuba 5%s *4! Csecho 88 '51. . 4 50 .29 32 1 102% Oreg-Wash 4s ‘61 6% Pac GRE 5842, Pac T&T 1st 68 '37. Pac T&T rf 53 6 Paramount 6s *47 Paris-Ly M Paris-Ly M 78 ‘58 Paris-Or 6% s Pathe Exch 7s ‘37 Penn 414 D ‘81 Penn gn 4%s '6 Penn 615 '36. < 6 Penn P&L ¢%s'81. 17 Peoples’ Gas §s *47. Pere Mar 443 '80. . 4! Philllp Pet 5%s '39. 36 Pilisb F M 6: PCC&StL5s A PCC&St L 5s B'75. P& W V43%sC'60. Poland 6s '40. Poland 7s *47 Poland 8s'50. Pos Tel & C 55'53. . Prague 714s 52 Pressed St C 55'33.. Prussia 6s '52 Pub Sv G 4%s'70 Pure Ofl 5%# '37. Queensiana 8s ‘47 Queenslana Rem Arms Rem R5%3 A Rhinelbe 7s Rnine West Rhine West Rhine West 6s '56 Rhine West 78 '50. . Rin de Jan 6%s '53. Rio de Jan 85 46. 8015 803 88% 88% 895 89% 104% 104% ) i 68 66% 0 70 102% 102% 102% 1025 101% 100% 103's 103 104% 82 6674 70 102% 102% 104% 74 101% 103% 100% 75 of obtaining bank Age eompoal’be rice fc iron has declined to Sll.i‘; lfo:lr flg at 2.116 cents a pound.” Brokers’ (fomment NEW YORK, November 12.—Several market commentators today, felt vthu stocks had about completed their secondary reaction from the recent ad- m and would rumg: the rise pro= no unexpected devel it oc- curred "fo ‘dampen sentiment . Thomson & McKinnon—Inasmuch as world prosperity hinges so much upon 1, | & better understanding between Ger= many, France and land, it is une not be forth- Frioias residents of the g taking the lead ‘n dl:guubm with repre- sentatives of the*railway brother it is felt that an it on the actual reduction of.a::l:;n may be reached in the near future. As to the market, the general opinion seems to be that the past two days have corrected considerably the overbought position of stocks. Good news, associated with the above-mentioned incidents, should be a forceful stimulant and find the market responsive. . Jackson Bros., Boesel & Co—A backing and filling mivement for an "lgfl;lonn day or two is altogether Hornblower & Weeks—The reaction thus far from the high levels reached on Monday of this week should from a technical standpoint prove sufficient correction as far ac this phase of the decline is concerned, if it is not going to exceed technical lons. we would proceed with the making of :’eh"dcommlmnu with this theory in Redmond & Co.—Barring some un- expected unfavorable news develop- ments of a sharp break in grain prices, we anticipate that another effort will be made to bring about a resumption of the recent advance. On any further weakness, therefore, we would be in- clined to buy stocks for trading turns protecting commitments with stops & few points below the market, but we have not changed our opinion that in- vestment purchases may be made at 2E, acoa BRSR " | Wash. Mechanics (20" FIRE INSURANCE. American (12)... 280 Corcoran (10)" y mor tageous R Gr Do Sul 6s " oot levels Jater I the R Gr Do Sul 8; 3 % 8 Rome 6348’52 2 7 ,lnsmeld.u & Cc.—Any xfn”“’ disturb- g news would bring to get out Selderi waree by traders who have been following the StL&SF44a'78. 68 e f e rally and a weakens StLS W 6s'52. 0 e - the threat of bad news from Germany han, over, there appears to be too much danger in attempting to follow any further rally that might be ex- perienced. ing of the conference, which he called | 453°% o ” 1o consider problams of the four States, |C. & P. Tel. of Va_bs were Govs. Ibra C. Blackwood of South | Sapital Traction i, R. ts Carolina, Richard B. Russell of Ge:;grlil | Georaeiown ‘Gas i’ ey and John G. Pollard of Virginia - | Potomac Elec. Cons 5% cultural and marketing experts from the | Botomac, Elec, 68 1033 L., Hidrs, of 1 four States also were present. Washington G 4V TRCoEAr] Sees Voluntary Cut. Washington Gi y &2 & terien B i ; could | Wash : Reduced. Gov. Gardner said the farmers would ries B §935 @ Nov 18 Nov. 10| make the predicted reduction in the four | Wash. Rwy. & Elec 4 A’S0c Q Dec '1 Nov 30 |major crops voluntarily because of the | MIBCELLANEOUS. i e )| loy, prices paid {or the crops this year | Barber & Ross, Inc, 818 Omitted. “We couldn't prevent it even if we |Chevy Chage Club 8iun " | formed a solemn covenant to endeavor | SoMmbls Couptry Club blas to_increase the acreage’ he said. Crum & Foster Ins 7% pf... Depos Bk Shrs N ¥ - DIVIDENDS DECLARED NEW YORK, November 12 (#).— Initial. Pe- Rate.riod St Denmark 65 ‘42 ¥ D&RGrend4 B 3 S TITLE INSURANCE. Columbia ‘ [ Real Estate (6h).. MISCELLANEOUS. &O1" Medical Bidg. Corp. (6).... Col. 8and & Gravel pfd. (T).. D C. Paper Mfg. ptd. Dist. Nati. Sec. ptd, (1) Emer. Bromo-Selz. “A" (2) Federal Storage pfd. (8) .. Fed.-Am. Co. com. (1.30f). Fed.-Am. Co. pfd. (6) Lanston Monotype (8) Pay- able, ranomnBS MR ... SanA& A P4s’é Sao Pau 7840 ret. Sao Paulo 85 '36 North Phila_Tr StP&KC SL 4%s'41 West A Dutch East I { R !xfp Dutch East I Gude Win: Incorp I Avest Eauit u Independ Tr Shrs . Shoots Out Suitors’ Lights. PEEKSKILL, N. Y. (NANA)— Peeved by the tooting of auto horns by two impatient suitors, Mary Ida Kane came to ithe front door with a rifle and shot out the headlights. She was arrested, charged with attempted as- sault. S . s |W. M. cmr‘"!rl.' "\l The prosperity of this country, he | 1| asacrted: 1s bound up with the prodper- STOCKS. ity of agriculture. PUBLIC UTILITY. “Until agriculture is profitable,” he | amer Tel. & Tel. (9) said. “We will never have a return | Capital Traction Co of prosperity to this country. T Lisht Co. “We want to look at this question, |Po’ and look at it fairly and squarely. We |Pot. Elec. Power 54" must lay aside politics and partisan- | Wash. Rwy. & Bl com. (F ship, and look at the facts” he added. | "™ **7 4 The North Carolina Governor de- | TR W { clared reduction of cotton acreage .n 2 the South would not aid the Southern 1! cottor: farmer permanently unless there | were an_international cottcn acreage | agreement i He asserted that the South was “not | treated fairly” by what he described ' as the refusal of the State Department to further an international conference | upon an overture from Egypt. v.20 | = 30! ii ‘Wolves Sign of Bad Winter. 30| Attacks on cattle b~ large packs of Erie & Jer 68°55. Finland 7s ‘50 €. pf i oo Mergenthaler Linotype (6) .. Natl. Mtge. & Inv. pid Peopies Drug Stores pf Real Est. M. & G. pfd. Security Storage ~(4e) Re awuanaSt o (P ' c Am 6157 @, 615y A ). 8N A A Deferred. B Mocl s Investors Serv pf : Bteriing Securities Ist pf Regular. French 7549 French 7%s Gelsenk'hen 6s". Gen Baking 6% Gen Cable 5%s'47. 15 651 Gen Motors 6s°37.. 12 1021 Gen PSv6%s 7 Sinc Cr O 5% '38. Sinc P L 58"42 Skelly Of1 5 Sotssons 6s ‘36 Sou Bell T&T SW Bell T s Sou Pac col 4s°49.. Sou Pac ref 48 '55. . Sou P 4% 69 ww. SouPac4%s'81... Sou P&OF 4%8 17, Sou Ry gn 45 '66. Sou Ry b 6) Wash . Gorp. {7)."" 90 Woodward & Lothrop com (1.20) 30 Woodward & Lothrop pfd. (7).. 107 *Ex. dividend, bBooks closed. na5c extra. 130c extra. §1% extra ella% extra. 102 104 104% 104% 79 1% 88 Hidrs. of record Q Nov.15 Nov Q D 15 Q D 15 ° 1 8 Aug. 1 Pay- able fog i ‘Turkey has exempted from land tax newly planted vineyards, rose gardens Alfim"\‘g:n R Capital (14) i Columbia (12) Commercial (stamped) (10) i8) A i E:’:r-‘flner Natl Bk. & Tr (2 $1.50 $1.50 8175 S Birminghain Water ! Dee. Dec. 1 Nov. 20 July 1 IMPROVED ARGENTINE EXPORTS ARE REPDRTED\ By the Associated Press. NEW YORK, November 12.—The Ar- e Oil Shares units Old Col Sl Col Ty Tx - oo - = NN SR e m AR NS R AR NN~ S a0 Ger Cen Bk has heretofore been more than offset Ger Cen Bk 68'60 O by the shrinkage in prices. Total weight of exports for the 10 months was 15.- 578,186 tons, against only 11,027,493 in the'like period of 1930. » wEanSulS: 72 156 % ot ... Do. 7% bt Huntington Water RpE, Tl Wat Ser 6% b Ky Asph Dt Mead C L. Nov. 20 2 Goodrich cv 6 Goodyr Rub 68’57 GrandTr sf db 6i Util Pow 5%8"47.., Vert Sug 1st 78’42, 2 Vienna 6s 52 14 e o9 8% s 54 Swiss 534846 Talwan EP 5%#71 ‘Tenn E1 P 68 A 47.. - —— 8 INSURANCE STOCKS _|E 233 38 91 904 102% 102% le] 3 5 % & 3 5, o pact 11 6 7 evidence of improving trade E.. 1 5! a8 hungry wolves in the Wilno distri 0>00 pOm 200000000 OO EE R Un Ges & b1 8150 Unit_ Golt Mhnes . ‘lc red_Oil Trust Shrs United ¥ ser H white Mtr ec pf $1.78 Rk Min Spes $1 Vel fat of .o 29299 z7z 2! 33333 353 o 23323 223 3 20 &) an n 28 Poland indicate a long and severe Win- ter declare the residents of that coun- try. The daring of the famished ani- mals is so great that they attack flocks 49 | Dear villages even when the shepherds | a0 'are present. A big wolf hunt is being | organized in the district. | 20,000 Cars in Stockholm. | Stockhalm, Sweden, has just regis- tered its 20,000th motor car. This makes | one automobile for every 25 persons. In celebrating the event it was brought out that only 23 years ago the first au- tcmobile, belonging to the present King | of Sweden, was registered and receive: the number A-1, which still is carried by King Gustav's car, gentine information bureau has reported further conditions in the South American re- ublic in the report of exports for Oc- October exports showed a substantial gain, amounting to $33,681,572, an in- Crease from $26,624,500 for September and $26,696,686 in October of 13st year. Taking these figures as a basis, the bureau rep-rts, November and Decem- | ber export values are expeeted to exceed | £29,000,000 each, as compared to $22,- | 707425 in November last year, and |G ,987 in December. ‘2;’221 exports for the first 10 months of this year came to $309,323,860, 68,280 in the like period NEW YORK, November Over-the-counter market: 5. 12 Aetna Cas & Agricultural Amer_Home Am Surety . Boston . h City of N'Y Conn Gen Life . id & Dep.. Hanover . Hartford ‘Pir Home Ins . Kansas City Mass Bond . year, marking the first time this - these r&‘:m have indicated higher value n for enormous increase in tonnage shipment 1930, ‘The 'St Fo 0 10 3 355 17 57 93 13 38 312 221 231, 45 39 381, 5 625 n 5 Travelers 5 s —| 8 S Sotas ";;.:‘.uwy& B ma bESS Trustee St Trusteed i f United Fixed Shrs Unit Pdrs 1-70 c United Ins Shrs. United ll&ll Tr US & Brit Int Ltd A’ US & Brit Int 33 pf s Universal Tr Sh 5%s '63. or O Nocantante.. ock Val 4% oot Co 634834 Hud & M ad) & Hud & M rf 58’57 Hungary 7%s '¢4 111 Bell Tell 68°56 111 Cent rf 48 '55. 111 Cent 4% '65.. (11 Cent 6% '36 11 CCStL&N 4%8 111 CCStL&N b8 A 111 Steel 4% 5% | Tex & Ark 5%8'50.. 1 68 68 104% 104% 80 76% Texas Corp 5t "44. . 4: 3.. 12 95% 94 94 Utd King 5%8°'37.. 67 100% 99% 100 7.. 1 66 5 UnSt We%sA47. 11 UdSt W 6%sA'61.. 14 WInR A 7%s'41 ‘Wis Cent gen 4536