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FINANCIAL D C OVEMBER 18, STOCK PRICES SAG | [Wasington Prodace] |1 0 ORI | P Mortnaebomms Butter—One-pound prints, 36; tub, 35. : e et Themas J. Fisher & b []N “BI‘" IURNDVERI e g, %42 curent ¥e|Nearly $10,000,000 Transferred k m i lve—Turkeys, young toms 33. Bl R Poultry, alf Weekly to Foreign Countries FINANCIAL. VENING STAR, WASHINGTON, WEDNESDAY, 193%. *¥¥ A_13 HLLYERRENAMED || NEW YORK STOCK EXCHANGE Stock ané Bales— Net. Dividend Rate. Add 00. High. Low. Close. Ohse, 5 Stocks sold In 100-share lots exeent those desigmated by letter “9.” 97 50 Eng PubSVeDf (5). 1 564 561y 564 -+ Y e B Stock and sn High Low. Dividend Rate. ——1931— High. Low. HEAD OF EXCHANGE e " Other Officers Are Announced Following Annual Meeting. Progress Is Reported. BY EDWARD C. STONE. Edward L. Hillyer. vice president of the Union Trust Co. was re-elected president of the Washington Stock Ex- change at the annual meeting held this noon at the offices in the Washington Butid- C. J. Gockeler, re-elected vice president of the Exchange; Y. E. Book>r of the in- vestment banking firm by that name, was again made secretary; while James M. Johnston of James M. John- ston & Co. was re- tained in office as treasurer. Mr. Gockeler and John F. Brawner of Waggaman, Brawner & Co. were elected to membership on the board of governors to fill the places of mem- | bers whose terms had expired Thv" complete board now consists of the above mentioned officers, Karl W Corby and the members elected today President Hillyer appointed an Audit- ing Committee for the coming year, | composed of Charles E. Howe, treas- urer of the American Security & Trust 20,. and Myles H. Quatl of Y. E. Booker Co. Edward L. Hillver. Report Shews Satisfactory Year. ‘The annual report made by Mr. Hill- yer, as president of the Exchange, showed a satisfactory year, consider- ing general business conditions. He ted figures compiled by W. B. ibbs & Co. showing the total amount | of trading during the year, up to last Saturday. Perhaps the outstanding fea- ture of this statement is the increased c:mluruy of local bonds, trading in nds being larger than last year The year's transactions on the Ex- change were summed up as follows: LISTED DEPARTMENT 1930 up to 1931 up to Nov. 14.1930. Nov. 14. 1931 Py val Bond: o B 100 31,4831 00 EibtGaneons™:; 00 *13800.60 P TRV AT TR B erer ¥ Fus vinge banks . insurance Title insurance . Miscellaneous Totals .... $20.100.00 | 46 shares noted during the A son and :‘flhur ,l;onker, ‘There are three seats now held by estates which will naturally be for sale during the next 12 months. They are those of Messrs. Walson and Foraker and of the te Alblon K. PArris. T e ew issue was listed during the year, Columbia Country Club first mortgage 5128 1950. In addition to the report of the presi- dent, the treasurer, James M. Johnston, | elso made his report. | Perpetual Elects Officers. All officers and directors of the Per- peitual Building were ye- elected at the annual meeting held yes- terday. They are: James Berry, presi- dent: Arthur G. Bishop, vice president; Edward C. Baltz, secretary; Marvin A. Cusus, treasurer: Raymond K. Espey, assistant_treasurer; John C. Scofield, Vernon G. Owen, Franklin W. Harper and Dr. William G. Schafhirt. The assets of the Perpetual Building Association are now in excess of $27- 000,000, having) gained $2,275.000 during the past year. According to & recent report to the United States Building & Loen League, this association is the twelfth largest in the league and seven- teenth largest in the country. Ticker Club Dinner Delayed. { The Washington Ticker Club's dinner | and address which were to have taken place on the Friday evening after ‘Thanksgiving, at the Willard Hotel, have been postponed. The club presi- dent, A. Chester Flather, sent the fol- lowing letter to members and Xnvi'.edl guests today: g “Circumstances have arisen which will | revent the attendance of Mr. Thomas ( . Cox of New York Stock Exchange &t the dinner planned for November 27, | Shdin view thereof, we regret that we | will be forced to postpone said dinner | until later in the season.” | Today's Trading en Exchange. Bank of Commerce & Savings stock sold to the extent of 10 shares on the ‘Washington Exchange today at 325, 100 | shares of National Mortgage & In- vestment preferred moved at 4. and small sales were recorded in Potomac Flectric Power 5, per cent preferred, ex dividend, at 107';. Lanston changed hands at 75. Bond trading was con- fined to Washington Gas 5s and Ana- | costia & Potomac R. R. 5s. Financial District Notes. Directors of the Merganthaler Lino- type Co. have declared a dividend of $1.50 & share, payable December 31, to stockholders of record December 2. This is the same as the dividend de- clared three months ago, the stock be- %"" a 6 per cent basis. hat_Joseph Schiavone, late pres- ident of the International Exchange Bank, thought about trusts is revealed in his will in which he left a trust fund of $100,000 for the members of his family. Subscriptions have been received to date from 82 banks in Maryland for $6.080.109 of the notes of the National Credit Corporation Capital Eighth in Building. ! Of 572 cities and towns of the United States reporting building permits to S w s & Co. during October, Washington ranks eighth with a total of $1.476.760, compared with $2.191,665 for October. 1930, with $3,066.705 for October, 1929. and a decline over the | Beptember, 1931, figure of $2,275,065. MACHINE TOOL TRADE PROGRESS IS REPORTED Bpecial Disprich to The Star. NEW YORK, November 18—Prac- all sections of the country report a pick-up in machiners and machine tool saies, American “Zachinist reports as the current week reaches ils close. In some cases, the closing of sales or | renewal of inquiries almost a year old are noted. New York dealers report several good sized orders, principally from big in- dustrial buyers. Philadeiphia, with, an order for 500 new subway cars, is otherwise unchanged. Cincinnati re- ports & few scattered single orders and # fair volume of inquiries. Detroit has some orders and better inquiries. Puture pros) there look bright. The same 18 true of South Bend, where Studebaker is reported to want about $300,000 more in new tools. Chicago reports better inquiries. Clev land tool sales are reported to tire, steel and machinery manufacturers and to the School Board. Industrial pros- pects are good. Milwaukee notes di- versified orders, with small tools and 4 gtandard lines going better. New England sales are for replace- ment cipally, although small tools well and are Southwest, Abitibl Pwr&Pap pf. Adams Express (1).. 2214 Adams Millis (2), 72% Adams Exp pf (5)... 18 52 Affiliated Prod 1.60. Air Redurtion(t434) 1% Airway Flec Appl. .. Alaska Juneau (40c) 214 Allezany Corp 14 12 18 115 21w 2 40 Bl 108 40 5% s 1 a7 1074 48y [ 8 59 16 5 1% Am Natural Gas pf.. 38 1414 60 54 10 20 19% 9815 1 237 2015 121 1285 71 1328 Tan 132 112 234 22 3% 20 125 13 8 20 1 L) 6 31 9718 90 914 78 8415 2% 6% Cnpf §: b Ch&Dve (n#). ed Ch&Dye pf(7) Allis-Chalmers (1), Amerada Corp (2)... Am Bank Note (13). Am Beet Sngar Am Brake Shoe(2.40. Am Am Am Chicle (+3) Am Comel Aleoh Am & For Power Am & For Pwr pf(8) Am & For Pwr pf(T) Am & For Pwr 2d pf, Am Faw S1'shin (1), Am Hide & Leather. Am Flome Prod 4 2 Am Tee (2) Am Ice pf (8) Am International, Am Locomotive (1 Am Le'motive pf ( Am Mch & Fdy 1. Am Metal Co Am Pwr & Lt (21 Am Pwr & Lt of (6 Am P&L? of A st(5). Am Radiator (€0c).. Am Rolline Mills. .. Am Safety Razor () Am Shinbut'ding (5) Am Smite&Ref (1%) Am 8&m & Ref pf (7). Am Snufr 214y Am So'v & Chemical. Am Snlv & C'hem nf, Am Steel Foundry Am Stores (123 Am Sugar Ref (5 Am Tel & Telex ( Am Tohaceo (16) Am Tobacco B (t Am Tobacco pf (6) Am Water Wiks ( Am Wat Wks efs: Am Wat W 1st pt(: Am Wooien Co. Am Woolen Co pf. Anaconda Covper. .. Anchor Caw (2 40) ... Archer-Daniels (1). . Armour of Del nf (1) Armour of 111 (A). Armour of 11l (B) . Armour of Il »f. .. Arnold Constable. Ateh To&S Fe (10) Atch To&S Fe pf (5) Atlantic Refining (1) Atlas Powder pf (6). Auburn Anto (f4) Aviation Corn (Del) Baldwin Lecomotive 10% ® 8 4 281 50s 4 15 2 329 16 4 207 1120 18% 8 2 3 1 1 7 18 0% 20 2 100= 122 36 Baldwin Loco pf (7). 100s 28 46 9 4% 66 37 37% 12% 24% 22% 75 20% 49 7 " 81 25 ET 675 80% 2% 8 1254 10% 4 T e 11 17% 70 Baito & Ohio 4) Balto & Ohio pf (4). Ramberger pf (634). Barnsdall Corp'n. Bayuk Cig 1t pf (7) Beatrice Cream (4). Beech-Nut Pkg (3).. Bendix Aviation (1). Best & Co (2) ‘Bethliehsm St Bethlehem Sti pf Bohn Alumn (1%). Bon Ami (A) (15)... Borden Co (k3).... Bore Warner (1).. Bkiyn-Man Tr of () Pkiyn Union Gas (5) Brunsw-Balks. RBruns Term & Rwys. Bueyrus-Erfe. ... Bueyrus-Tirfe cv pf. Budd (EG) Mfg. Budd Wheel (1) Bullard Co. Bulova Watch Burns Bros pf (7). Burroueh A M(11%) Butte Copper & Zine. Butte & Superto: Brers (A M) Co. California Packing Calumet & Hecla. ... Camp W&C Fdy (1). Canada Dry G A (3). Canadian Pacific 1% Cannon Mills (1.60). Car Clin & Ohio (4). 52 1008 79 Car'Clin & O sta (5). 1008 33% 11% 25 15 92 % 2% 31 2315 14 315 12 2 kL 66 1 168 975 28 87% 7% e 814 16% 33 [ 55% 15% 94 4% o8 [ 7iy 20 7% (3 ” 915 20 [ % Bl 314 19% 4 1% £l 3% 20 10% £ 15 22 o 29 a5 85 Case (J 1) Co Caterpillar Trae (2). Celotex Co Cent Acuirre (1%) Cent R R of NJ Cerro de Panco . Certain-teed Prod. .. Checker Cab Mrfg. Ches & Ohio (2%). Chesapeake Corp(3). Chi Great Western. . Chi Great Westn pf. Chi Mi1 StP & Pac. .. Zhi Mil StP & Pac of. Northwest (4) Chicago R I&Pacific. Chi R1& Pac pf (§). Chi R 1 & Pac pt (7). City Ice&Fuel pf City Stores. Cluett-Peabo: Cocoa-Cola (18). Colgat 1-P (2%). Colg-Paim-P pf (6).. Collins & Aikman. ... Colonigl Beacon. Colo Fuel & Irop. Columb G & E (134). Columb Carbon (4). . Comm Credit (1.60).. Comcel Cred 18t(6%). Comel Iny Trust (2). Comel Solvents (1). Comwith & Sou(30e) Comwlth&Sou pf (6) Congolm-Nairn (1).. Congress Cigar (1).. Consol Clgars (5)... Consol Film of (2) Consol Gas N Y (4).. Consol Gas NY pf(5) 1 Laundries(1) ConsolRwys pf (§) Consol Textile. Contatner Corp Contl Baking (A). Contl Can (2%) Con’. Insur (2.40) Contl Ol (Del) Cont] Share: svs Corn Produets (3)... Coty Inc. e Cream of Wheat 12% Crex Carpet. Crosiey Radio. ... Crown Cork (2.40) Crucible Steel...... Crueible Steel pf (7) Cuban-Am Sugar pt. Cudanhy Packing (4). Curtis Publish (4). . Curtis Publish pf (7) 1% Curtiss Wrignt. 2iq Curtis Wright Hammer Deere & Co pf (1.40). Delaware & Hud (9). Del Lack & Wn ¢2).. Denver & RG W pf.. Detroft Edison (8). . Devoe & Ray A(80c). Diamond Mateh (1).. Diamond Mteh pf 1% Dome Mines (1)..... Domn Stores (1. Doug Aircraft(t1%) Drug Cerp (4). Duplan Silk (1). Dupont m (4).. L2 nt d nfe6). stan Kodak (18) Eaton Axle & 8pri1) Klec Auto Lite (4). . Elec&Musical Instru Elee Pwr & Lt (1)... Elec Pwr & Lt pf(8). Elec Pwr&Lt pf (7). Bat (4) al 288 3 Rerore Bonre38nm $a sanmaSanE SenmmnaBen 12 187 1 88 1073 100 37 4 15 Add o mien, Low. Close Chge. 104 9% 29% 65 6415 3215 255 9% 18% 42 69% 281 11% 6% 3719 Vs 80% 1231 ;.4 18 191y 581y 165 6915 39% ba's LN 10% Erfe RR. ...... o 5M Fairbanks-Morse. .. 1% Fashion Park Asso. . 3 Fed Mot Trucke40e). Fed Water Service A Fid Ph Fire In(2.60). Firestone T&R pf(6) First Natl Strs (23%) 104 Foster Wheeler (1). 18 Fourth Nat Inv ml Fox Film (A).... reencrt-Tex (3) en Am Inv pf (§) 38'5 Gen Am Tank Car(4) 9% Gen Asphalt (2) 14% Gen Baking (2). 315 Gen Bronze. 314 Gen Cabl Gen Cable (A) r. Gen Clgar (4). Gen Eleetric ( z Gen Elec spec (60¢) . Gen Food Corp (3).. Gen ((as&El A(elfe) Gen Ga=&E cv pf( Gen Mills (3 Gen Miils pf (6) . Gen Motors (3)..... Gen Outdoor Adv.... Gen Public Servf Gen Ry Signal (5) Gen Realty & Util Gen Realty & Utfl pf Gen Steel Casting pf. Gen Theatre Equip. Gillette Saf Rasor. Gillstte Saf R pf (i Gimbel Brot Gobel (Adolf). Gold Dust (2%) Gold Stock Tel ( Goodrien (BF)..... Goodyear T& R (3). Gotham S!1k Hostery Graham-Paige. ..... Granby Con Min (1), 3is Grand Silver Stores.. 7 Grand Onfon. . 25% Grant (W T) (1).... 20 Great Northn pf(4) .. 12 Great Northn Ore(3) 5% Great Western 8 1% Grigsby Grunow. 6__Guif States Steel WatpfA 1% Hanna of (7)... . Hartman Corp (A).. Hartman Corp (B Hershey Choc of (15" Holland Furn (12%) Hollander Sons .... Homestake M (7.30). Houdaille Hershey . . Househld Fin pf 4.20 Houston O1l..... 4 Houston Oil (ne 12 Howe Sound (2) 7% Hudson Motor (1 3% Hupp Motors. 17 Illinols Central. .. 1% Indfan Refining ... 45 Ingersoll Rand (4).. 314 Insptration Copper. . 4 Insur Shr(Md) (40c) 7% I(nterboro Rap Tran: % Intercontl Rubber. .. 92 Int Bus Machine(n¢) 3% Int Carriers,Ltd 60c. 17 Int Cerpent (4) . i Int Combustion. ... 22'5 Int Harvester (23%). 10 Int Hydro £l A (e2). 19 Int Match pf (4).... 3% {nt Merchant Marine. 74 Int Nickel of Can 20c 90 Int Nick Can pt (7).. 16 Int Paper pt 1% Int Paper & Pwr (A) 7» Int Paper & Pwr (B) 15 Int Paper & Pwr C... 9l Int Paper & Pwr pf.. 6 Int Printing lok.... 264% Int Salt (3) 18 Int Sflver. .. 13% Int Tel & Tel (1)..,. 55__Interst DS pf xw(7) 24 Jewel'Tea (4) . 28% Johns-Manville (3).. 99 Jones & Laugh pf(T) Ty Karstadt (Rudolph). K'mann Dept Stra(1) Kayser (J) & Co (1) Kelly-Spring Tire. .. Kelly-Spr T 8% pt Kelsey-Hayes Wheel Kelvinator Corp. . Kendall Co pf (6)... 10% Kennecott Copper(1) 10 Kinney (G R) Co.... 19 Kresge (S8) (1.60).. 5% Kreuger & Toll 1.61). 18 _Kroger Grocery (1 40y Lambert Co (8). Leh Val Coal pf (3). Lehigh Valley R R. . Lehman Corp (3).... Libbey Owens Glass. Liggett & Myers(16) Ligg & Myers B (15) Lima Locomot (m2). Link Belt (1.80)..... Liquid Carbonie (2), Loew’s Inc (3).. Loew's Inc pf (6%) . LoftIne.......... Loose-Wiles (13). Lorrillard (P) Co. Louis&Nashville(5). 3 52 19 MecKesson & Rob (1). McLellan Stor MackTrucks (2). Macy (RH)& Co(n3). Madison Sq Garden. . Magma Copper (1).. Mallison & Co pt Manat! Sugar. Manati Sugar pf. 91, ManhatElev mod gtd Marine Midld (1.20). Marshall Field (2%) '« Mathieson Alkid (2) May Dept Strs (2%) Maytag Copf (3).... Meiville Shoe (2).. . Mengel Co. . Miami Copper. . Mid Continent Petm. Midland Steel (3)... 4 Midland Steel pf (8). Minneap Honey R(3) 10% Minne-Moline P pt Mo Kan & Texas g Mo Kan & Tex pf (7) Missourd Pacific. Missour Pac pf Mohawk Carpet. Monsanto Chem( Montgomery Ward Mother Lode. Motor Meter G & EI Motor Wheel (50¢) . Muliins Mfg. Bella Hess pf... Biscult (2.80)... Cash Reg A 1% .. t Dairy (2.60) Nat Steel (2)..... Nat Supply Co. 39 Nat Supply pf (T).ee 18 Nat Surety (2) 8 NatTea(1)... N Y Central (4)..... 9% N ¥ Chicago & St L. 15 N ¥ Chié& StLpf. 120 N Y & Harlem (5) 291, NY N H & Hart (4).. 80 NYNH&HpL(D.. 5% N Y Ont & Western. .. 95 N Y Steampf (6).... 99% N Y Steam 1st p£(7). 10 Noranda Mines...... 112 Norf & Westn (112). 314 North Am Aviation. 26 Nor Amer(b10%stk) ¥714 North Am Ed pf (8). 191 Northern Pacific3).. 15 Norwalk Tire & Rub 63 ONIO Ol .ovnees it 1 Oliver Farm Equip. . 7 Orpheum Circult pf. 201 Otis Elevator (2%). 3% Otis Steel. .. 16 Otis'Steel prpf... 2015 Owens 111 Glass (2). . o Pacific Gas & B (3). 86 Pacifio Lighting (3). (Continued on Page 14.) 8 8o Srfennroun aSrraunmnon » s 8 RS wnakStuannetebubusn 5 2 nwannnu~ Bt ugnnenly » - munBoipularns al F3 e 0o R b P e R 100 e D TR NI B B s &35 1 508 6 1 408 b 1 1 1% 30% 28% 15 61 3% 2814 100% 391.@ 378, 80 78 & u 41 40m 14 13% 3% 30% 31 30% 8% 4% 11% 38 - % % -1n Continued Decline in Railroad Issues Affects Other Groups. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, November 18 —Lacking any stimulus from commodities and faced with more dividend uncertainties, the stock market today was again a sagging affair, erasing the moderate improvement of the day before. Tt was still the railroad shares which were the leaders on the decline. Union Pacific and Delaware & Hudson were added today to the issues selling at new low marks for the long bear movemen:. Traders Pessimistic. Union Pacific, of course, will be af- fected by a reduction in the New —1%| York Central dividend, as it has already been affected by cuts in disbursements — 1| on stoeks of other roads in which it has —1% | an interest. - Union Pacific has only re- own +4 ‘The the fHACEELE YL LiA L4} 2t 248041 1) L - R s FaPFFE FiE L 424 b 5% — - ¥ -% - 2res Frr ses cently declared the regular rate on its stock. market was disposed to look on dark side, as was evidenced by the % | decline in Reading. one road which will % (show a gain in met for October over 7 | the same month a year ago. I - 15| 1y. Reading’s October net operating in- % | come will, it was semi-officially stated, % | be the largest for any month this year % | to date. It will take more than one % road to show an upward trend of earn- % | ings in order to change the attitude of % ! traders toward the railway stocks. The higher-priced industrials, a stead- ily dwindling group, sold off, mostly easily. Eastman Kodak dropped 5 points on a very moderate amount .of offerings, ‘although Kodak has declared the regular and usual extra dividend to be D:& to shareholders on January 2. International Business Machines and Auburn Auto were weak. Allied Chemi- cal and American Can reacted. Declines at Opening. Practional declines predominated aé the opening. ‘The coppers were uniformly lower as the result of the break-up of the cop- per curtaflment conference. The rails were a contrast to the rest of the list. with their uniformly upward tendency. United States Steel cpened at 7 at 6715, News developments in the main were favorable. Steel production main- tained its recent gains. Gasoline stocks decreased and weekly crude oil output was only up slightly despite recent price advances. The drop of 23,334 cars in weekly loadings was expected. Silver eased in London. American Smelting & Refining at 28'5 lJost 1'; as did Cerro de Pasco at 17';. Anaconda Copper at 15); de- clined 1y and Kennecott was down 1!, at 143, Nevada Consolidated at 6', and International Nickel at 10 were down & ‘Union Pacific led the upswing in rails, with & gain of 2 points to 100. New York Central at 40%, Atchison at 1104, Canadian Pacific at 16%. Chesapeake Corporation at 24°; and Delaware & Lackawanna at 36!, were all fractionally hlgher. General Motors was off ¥, at 273, but Auburn Auto was up 1 point at 126. Standard Oil of N-w Jersey was off slightly at 34%. Public Service of New Jersey was up Y4, following the declaration of the usual common quar- terly dividend. A reduction in rates brought about a fractional ease in Consolidated Gas at 735 American ‘Telephone was off a shade at 1379 and | Wfim)‘l‘nflvuu Electric at 38% mi off %. FE F¥ F F OFFEIFE GERMAN FOREIGN TRADE RESTRICTIONS PLANNED | By the Associated Press. BERLIN, November 18 —Germany’s foreign trade will be subjected to much more stringent control, it was au- thoritatively announced, because foreign exchange is not being ylelded up to the Reichsback as it should be under the existing emergency decrees. A leading official of the Reichbank sald one reason why the bank's gold and foreign exchange coverage has sunk to the new low level of 26.7 per cent is that exporters have found ways to evade the decree under which all foreign exchange must be handed over to_the Reichsbank. It is expecied that under new regulations all exporting firms will have to report foreign sales to the ! | forelgn exchangs esmmissioner. i S CHICAGO DAIRY MARKET. CHICAGO, November 18 (#).—Butter. | 6,602 tubs; steady: creamery specials | (93 score), 3172321, : extras (92 sccre), | 31%4; extrs. firsts (90-91 score), 29a3 firsts (88-89 score), 27a28: seconds (86- 87 score), 24a26; standards (90 score) | | centralized carlots, 29. Eggs, 1593 crates; steady; extra firsts, 32a33; fresh graded firsts, 30a31; current receipts, 25a28; refrigerator firsts, 18a18Y; re- Irigerator extras, 19%2. POTATO MARKET. CHICAGO, November 18 () (United States Department of Agriculture) — Potatoes, 66 carloads; on track, 219; total United States shipments, 520; dull; trading slow; sacked, per hundred- | weight, Wisconsin round whites, 70a 80; few 85; Minnesota, North Dakota Red River Ohio's, 85a95; Idaho Russets, No. 1, 1.35a1.50; No. 2, 1.05; Colorado MeClires, 1.35. 3 Awecan Tewng M0 TELEGRAPH Conpwy 169th Dividend Tue regulur quarterly dividend of Two Dollars and Twenty-Five Cents ($2.25) per share will be a1dion Jennssy 19, 1932, to stock Roldeu of record at the close of business on December 19, 1931. H. BLAIR-SMITH, Treasurer. [ENTERPRISE S ER 1AL BUILDING ASSOCIATION 7th St. and Indiana Ave. N.W. 67th Series of Stock Now Open for Subscription 59, INTEREST PAID ON STOCK James E Connelly, James F. Shea. President Secretary completed properties NO delays are encountered in securing loans on first mort- gages at reasonable rates. Permit us to &e you further information without obligation on your part. REAL ESTATE MORTGAGE & GUARANTY CORPORATION 1610 K St. N.W. National 1408 and hens, 25a30; old toms, 23; old hens, 22a35; chickens, 3 pounds and over, 18a20; 2 %o 2'; pounds, 20a22; Spring broilers, 33; héns, large, 18a20; small, 15a17; Leghorn hens, 13al5; roosters, 10a12; keats, young, 40a45; old, 25835. Poultry, dressed—Turkeys, young hens and toxrs, 36a38; old toms, 28a30; old hens, 29a31; chickens. 3 pounds and over, 21a23; 2 to 2'; pounds, 23a25; Spring broilers, 30; hens, large, 21a23; small, 18a20; Leghorn hens, 16al8; roosters, 13a15; Long Ilsiand ducks, 19220. Meats—Beef, prime, 17; choice, 16; fair to good, 12'2a14; cow, 8!229; veal, top, 15; medium, 14al5; lamb, top, 17; medium, 15816; pork loins, 8 to 10 pounds, 16a17; 10 to 12 pounds, 13'a 14; 12 to 15 pounds, 12a13; fresh hams, 8 to 10 pounds, 15; 20 to 25 pounds, 10; strip bacon, 22a23; lard, 50-pound tins, 9; in paekages, 10; compound, 7a 7 heavy, 4.50a5.00; . 5.00; pigs, 4.75a5.00 ¥ ; calves, 3.5088.50; lambs, '3.5026.50. Pruits—Oranges, 3.50a6.00, lemons, 4.5085.00; grapefruit, 1.75a2.00; limes, per 100, 1.50a1.75; casabas, 2.50; ap- ples, bushel baskets, 50a1.00; box stock, fancy, 2.00a2.75; pears, 3.00; grapes, Emperors, 2.00; Tokays, 200a2.25; Cornichons, 1.25; pineapples, 3.50a4.00; bananas, 1.25a2.50; persimmons, 75a 1.50. Vegetables — Potatoes, Maine, 100- pound sacks, 1.25; New York, 150-pound , 1.75; Idaho bakers, 100-pound sacks, 2.25; sweets, per bushel, 50275; string beans, 1.75a2.00; cauliflower, 1 22.00; peppers, 75al.25; mushrooms, 65a 75; beets, per 100 bunches, 3.00; car- rots, per 100 bunches, 3.00; tomatoes, California, lugs. 1.75a2.50; lettuce, Ice- berg. 2.5023.00: salsify, per dozen bunches, 75; celery, 2.50a3.25; peas, 3.50 23.75; parsnips, 1.25: asparagus, 4.50a 5.00; artichokes, 3.50; spinach, 60a75; kale, 40a50; eggplant, 4.00a4.50. NEW YORK BANK STOCKS 18 2. Live stock—Hogs. NEW YORK, November Over-the-counter market: Banks, w®). — America Chase Chat_Phenix i Commercial National [ . First Natl N ¥ . Man 0. National City Public ; Bankers ........ ving Manufacturers New York .... U. S. TREASURY BALANCE. By the Associated Press. Treasury receipts for November 16 ‘were $79,881,485.33; expenditures, $76, 655,231.31; balance, $188,340,581.65. Customs receipts for 16 days of Novem- ber were $14,931,987.89. fiEAiIN G HOUSE FIGURES. Washington Clearing Hoyse figures for today’ $3,878,438.39. SILVER QUOTATIONS. NEW YORK, November 18 (Special). —Bar silver was quoted today at 293, REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Avpplications _Invited on high-class grartmenis pgs avslinnsTass mriin: ST R e 1520 K St. NW. National 0475 Office Space Saul Building 925 15th St. N.W. One Large Room at $52.50 per mo. Suite of 4 rooms at $92.50 per mo. All outside rooms. assuring abundance of light and mir. Excellent service. In the heart of the financial district. B. F. SAUL CO. National 2100 925 15th St. N.W. Stationery —tells how you stand in busi- ness. Coming to Brewood for an engraved letterhead means doing to the world outside for bigger things in business. BrewaD 611 12th St. NW. District 4868 5" Consistent SAVINGS Bring Success Through regular sa deposits with th * thousands people h measure otherwise unat- WE PAY SAVINGS uccess tainable. 3 Opow Dadly, 9 10 5 Saturdays Until Noon BUILDING ASSOCIATION Despite Legal Restraints. November 18.— In the period from September 1 to No- vembér 9 approximately $10,000,000 weekly seeped through the numerous strainers of Jaws which were meant- to | stop capital flight from Germany. This means that nearly half of the total import surplus during this period remained abroad, out of the hands both of the German government and of for- eign creditors who have been insisting on the repayment of their short-term loans. | This fully confirms the theory of the newspaper Bergwerks Zeitung of Dus- seldorf in a sentence quoted in these | dispatches a few days ago—that you | cannot ‘expeet an exporter to declare | his stores of foreign exchange to the | Reichsbank unless he is sure he will iget them back when he wants them. | | " Since he is not sure, he prefers t: leave at least part of it abroad, even :’: the danger of going to the peniten- | ary—a danger which so far is | academic, ¢ sk Special Cable to The Star. BERLIN, Germany, er for the week | aled 72,000,000 | marks, or about $17,000,000. The total cover. in marks is now 1,189,000,000 ($282,982,000). Of this 630,000,000 | marks are borrowed money. The | amount of German-owned cover is 559,- 000,000 marks ($149,940,000), or less | than 10 per cent of the actual circulat- ing currency. The Soviet Chervonetz, which is { considered the stepchild among the world's currencies, is covered 121, per cent by gold, which the Soviet govern- ' ment actually owns. | ypIhe eRichsbank has announced fur- er stringent measures to prevent cap- | ital flight. o Gl (Copyright, 1931) | Power Output Gains. \ NEW YORK, November 18 (#).— Consumption of electricity in more than | 620 communites in Maine, New Hamp- | shire and Vermont served by the New England Public Service Co. is running 1.7 per cent ahead of last year, ofldlls‘ of the company said today. The terri- | tory contains many of the smaller in- | dustrial plants. | JOHN JOY EDSON, President Meoney on Hand to Lean on First Deed of Trust 6% Interest Reasonable Commission and Prompt Replies to pplications JAMES F. 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