Evening Star Newspaper, November 19, 1931, Page 13

o s FINANCIAL. LINOTYPE COMPANY REPORTS FOR YEAR Net' Profit Is $3.65 a Share. Officers Re-elected—Trac- _[ tion Statement Released. BY EDWARD C. STONE. At the annual meeting of the direc- tors of the Mergenthaler Linotype Co., held in Brooklyn yesterday, reports for the year ended September 30, 1931, showed net profits of $936,161 after depreciation and Federal taxes, equiva- lent to $3.65 a share on 256,000 no- shares of capsal stock. These S:ruxe.s compare with $1,809,410, or $7.07 & share in the preceding year. President Dodge, ‘the other officers and all the directors were reelected for the coming year, E. J. McQuade, president of the Liberty Nation2l Bank ©of this city, being on the direcforate. The Mergenthaler balance sheet as of September 30, 1931, compares as follows with the report of the previous year: 2Real estate .. Inventories ash ... Bills tec! Accounts T Liabilities. Capital stock . $12.800.000 Accounis pay 29, serve £ Tax reserve . Res. for intang Burplus 0.4 £30. 30,680,132 presented by 256.000 Bo-par shares. Stocks sold in 100-share Stock —i93l— Hish. Lo NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. it bt A w. _ Divide 21 A'ham & Str (37%c). 7 Adams Express (1) 22% Adams Millis (2) 10 Addressograph (1) 17% Afliated Prod 1.60 52 Alr Reduction(t43%), 7 Alaska Juneau (40c), 31 Allegany Corp...... 8 Alleg Cp pf $30 ww. Allled Ch&Dye (n6). Allis-Chalmers (1).. Am Bank Note (13),, Am Beet Sugar. ... Am Haw St'ship (1)+ Am Home Prod ¢.20 Am Metals pf.... 14 Am Natural Gas pf.. 14% Am Pwr & Lt (31)... Am Pwr & Lt of (6).. Am Radiator (80c) 19% Am Smitg&Ref (1%) 9814 Am Sm & Ref pf (7). % Am Solv & Chemical. 1 Am Solv & Chem pf. 7% Am Steel Foundry 36 Am Stores (12%) 33% Am Sugar Ref (5). 41% Am SBumatra Tob 201% 1213 Am Tel & Telex (9) 71% Am Tobacco (16).... 74% Am Tobacco B (16).. 75 Am Type Fy pt (1) 23% Am Water Wks (3) P Stock and eept those letter “s.” x:: e e e " H:'a"{‘ x“osv.— Divicend Rate. 4 nd Rate. Add 00. Hizh. Low. Close. yoss 25 B Freeport-Tex (3).... % Gardner Motor 54 Gen Am Inv pf (6) 3814 Gen Am Tank Car(4) 314 Gen Bronze......ees 314 Gen Cable. 17 .~ Gen Cable pf. 256 Gen Cigar (4). 100 Gen Cigar pf (7) - 24% Gen Electrio (1.60)., 11% Gen Elec spec (600) w 30% Gen Food Corp (3).. 213 Gen Gas&El A(e30c) 32 Gen Mills (3). 92 Gen Mills pt (6. 22'% Gen Moto: 85 Gen Motors pf (5)... 5% Gen Outdoor Adv(A). 10% Gen Prtg Ink (234).. 4% Gen Public Service. . 2214 Gen Ry Signal (5).., 1% Gen Realty & Utl. .. 17 Gen Realty & Util pf, 15 Gen Steel Casting pf, 1'4 Gen Theatre Equip., 9% Gillette Saf Rasor.., 45% Gillette Saf R pf (5), 3 Gimbel Bro 4'% Glidden Co. Goodyear T& R (3).. 3% Gotham Stlk Hoslery 1 Gould Coupler. . 174 Graham-Paige. 5% Granby Con Min ( 31% Grand Union pf (3., 14% Granite City Steel(2) 25% Grant (WT) (1).... 20 Great Northn pf(4).. 2315 12 Great Northn Ore(2) 11% 5% Great Western Sug. . 6% 1% Grigsby Grunow. ... 9% 2% Hahn Dept Store: les— Wet. Addon. - Closs. Chiss; & ;a3 3 TEEEL 4+ + PEEESER F ¥ +1 ;: prevent operations for the decline. L+ L4441 THE EVENING STAR. VVASHINGTON; D. C., THURSDAY, NOVEMBER 19, 1931. FINANCIAL,- - #%3 A_.]3 STOCKS IRREGULAR ®'Gr\NDARD ELD UNNECESSARY IN LIGHT TRADING) e e e e lapse of the gol R T ; o o Short Selling and Investment | rate, Dr. Benjamin M. Anderson, 3r. 3 ks economist of the Chase National Bank, Trust Liquidation Seen |aseted in the bank's owrrent ‘sco- Britain's lapse from gold was “the by Traders. product of & prolonged violation of gold standard rules,” Dr. Anderson h xfor shet undertook hto carry through n recent years “a cheap money policy, BY GEORGE T. HUGHES. .|, "y svifieq by her gold position of Special Dispatch to The Star. by the liquidity of her NEW YORK, November 19.—Still un- . Had th: bl:enk tl"‘l‘etEB gl B der the influence of dividend reductions, ; 8 per cent when ank o actual and prospective, the stock mar- M fint credit from the Federal ket today showed little disposition t0|to 9 per cent when the second credit rally and contributed its share of new | was obtained . from American and lows to the lengthening record. French money markets “England would ‘The market opened lower, hardened, | today be on the gold standard,” Dr. and then sold off again, but an small| Anderson said. volume -and with net changes measured in points of no great size. It was said Shock to Europe. +1% | that investment trust liquidation, forced | Dr. Anderson explained that Eng- by the terms of the agreement under | jand’s lapse from gold came as a shock which the sheres were originally sold.| to continental Europe, causing fears was one important factor in the mar-|for the gold standard in both France ket. Another was scattered short sell- [ and the United States. He pointed to ing and a third was discouraged liquida- ' the extraordinary strength of the tion. The new Stock Exchange rule,| American gold position, indicating that giving the preference to offers of long | October 31 our stock of monetary gold stock over those for short account, is|was $4,291,000,000 and our total paper still in effect, but it does not, of course, | currency in circulation was $4,731,000,~ ggo. l;momn: a 'nuo of gold of more an 90 per cent. L e Our Federal Reserve system, he said, Today's cut in a railway dividend|«cay pay out far more gold than for- was that made by Atlantic Coast Line, | ojgn ‘countries are in a position to the common stock of which was put|demand and still have an adequate re- on ’ “l l-nr;:iml Bbursh ntg‘lln!t the $7| serve of lending power. previously paid. Before the news came | . aut the stock broke 7 points under the | peqers) Roserve. caoiiey, “ih ich, the last previous sale. In the first hour now lows for the bear market also were | poi® 574 the American people LA made by Illinois Central, Pennsylvania. | yng the safety of the gold standard in e and the Bank of Prance, or | Pric Rew e EORCANN NN R AL » Unlon Pacific, Chicago & Northwestern common and preferred. & ‘Selling of Union Pacific was obviots- ly inspired by the omission of the divi- the United “States is an impressive thing. We made no protest as foreign- ers c:,ued for gold—we simply paid cided exaggeration of the actual domes- .” Banks in many sections, he sald, have added sul cy the fact that the closing of banks reduced business in many communities to a cash rather than’a check basis, -:;uothg‘ nclwn to be considered and reduce_the volume of supposed hoardin; considérably. ¢ Raps Cheap Money Policy. “The history of England, in recent years,” said Dr. Anderson, “is lass| & substitute for general readjustment in and other costs, England came into the Summer of 1931 with its discount rate at 2!, per cent, despite the immense quick liabilities of the British rmarket to the outside world, despite the limited supply in London of quick calls on funds from the outside world, and despite the limited supply of gold of the Bank of . When, following the failure of efforts to check mm and Germ: and raised its rate, first then to 41 per cent. credit proved insufficient, larger credit was the bank ra 4% per cent.” il Even last Summer, Dr. Anderson said, “the position could have been saved” ludat?é:. .l;-te l:een raised. “Bri opinion has been expressed to the effect that the raising of the ;::_e ‘would have Budon'z t:r. good once the Was on. could hard] hnnbemthavlevolmmd‘:hfln 4 STEEL PRODUCTION IS HOLDING GAINS Trade Journal Says Output Has Remained at 31 Per Cent of Capacity. By the Assoctated Press. NEW YORK, November 19.— Without much support from building construc- tion and the railroads, and with buying by the automobile industry less than has been expected, steel production has held the gains of the past three weeks for the country as a whole, being es- timated at 31 per cent, or the same as a week ago, Iron Age says In its ‘weekly review. “Increases in production,” the review says, “are most emphatic at Cleveland, where ogeranom are at 40 per cent, oungstown, where the rate is 35 per cent, these districts, owing to the character of their finishing capacity, having quickly reflected such improve- ment as has occurred in automobile buying: but & sharp decline to 22 per cent has Chicago because s, ‘However, if the it average s maintained to u:f end of the mo:z::— the November output of steel ingots, on a daily basis, will show a gain of ‘(,l:lel‘yul:‘fir cent lovler that of October, e regularly d - ment since st u“{h‘ownwua i “Whether December, traditionally a month of restricted steel operations, will continue or even maintain this w{h‘l upward trend is still uncertain. ich depends on the volume of buying obile industry, partic TS dend_on the Northwestern issues the | @ oy oo cial authorities, since in that cy hoa in the o e nited States Is id o Bave ssacen o R o et Dare Joit JEsied in thoome b‘}? tl“l‘e ‘Gownward revision of | Diilion-dollar total, this total, in Dr. the help of New York o the return from its investments in oth- | ARderson’s opinion, represents “a de-|to the extent of $650,000,000. "bo":u'c't:y mcmtnngf tihun Ied to goulx: T e T e e i uming _channe creasing abou e stability own rate. all ington, is listed on the local exchange & rule, however, the losses in the rails DROP & lr:l%wh now selling around 66. ;ég:fi lfllt:% :l‘:;::lncl’:w ?:)(1). A : welx;fegxode?u and one or ‘Lob?l t}nlem 'N NET NDTED COPPER CONFERENGE "The .hdt industry is Mnn?m:o Capital Traction Net Lower. b 37° 16 Ho .a,F W“:. ral under covering, notably New wgut more hopefully, regardless of de: b el AN R 718 Holind ura ( ¢ B8 38 7| Yo Centar BY 304 COMPANIES| FAILS OF AGREEMENT | isomars vy, soswries of'de October, made pumg1 (ndfifiifiz:s‘fiet 97% Atch To&S Fe (10) 5 12?: 23% gamalhtlndk;‘)( (: 2 12:% lgg: 1:: 1 Oll!:miu Is ;n'md % ’“T';i. fren Age te pri for the month as > 50 Atl Coast Line (7)... 5 2! ouse] n pi The opening was active and lower. . " % composit ices re. ope. gainst 5663823 in Octaber, 91 Atlantic Refining (1) y 68% 19 Houston Ofl. Ralls were a feature on the down|Earnings by Groups for Nine|Belgian Delegates Return Home gg|™oin 8¢ last week's levels, 2.116 cents " 1930, a decrease of $31,529.37. 5 Atlas Stores (1)..... 5 4 Houston O11 ¢ side, Pennsylvania at 2, off Yo, and| yro . o0 ol 3 & pound for finished steel, $14.96 s Operating revenues for the month 6% ADUrD ATt (£0) .o 192 12 Howe Sound (3).... Union Pacific at 941, off 3, reaching onths Compared With Like Curtailment Proposals Are Re. |§70%S ton for pig iron and $8.75 & ton were $313,524.86, compared with $374,- 114 Autosales f........ 208 7% Hudson Motor (1) record low prices. A block of 3,000 A or steel Finished 846,57 in the same month last year, 8| 6% 21 Aviation Cotp (Del). 3% Hunp Motor, shares of United States Steel came out Period Last Year. fused by Government. its decrease of over $61,000. Operating ex- 6% Baldwin Locomotive 89 37 Illinois Central.....; at 65, off %. In the specialties Johns . 4 the first to record a new minimum| Net income for the nine months to | Special Dispateh to The Star, id oo During the year the company pal % A WoolenCo., . » 637 253 Hahn Dpt St pf(6%) out $1,536,000 in dividends, against 20 R ST 0 oo 73 " HANDA DL (T)ueeerser $1,664,000 in_1930. P 2% Am Zinc & Lead, r 17% Harb & Walker (1)., Mergenthaler stock is now %m“ed 12% Anaconda Copper. Y : 4's Havana Elec Ry pf.. | 80s basis, the directors having just declared 1214 Anaconda Wire & C 11 Hawallan Pineapple. =108 the regular dividend of $1.50 per share. 8 Archer-Daniels (1) 8 1% Hayes Body Corp. 1 20 Armour of Del ptf (T) 60 Helme (GW) (17)... 1 Armour of T11 (A). 18 9 Hercules Mot (30¢).. 3 e The stock is very widely held in Wash- taxes called for $259,029.87, s S gl o K"::fm::’gmm with $288,359.60 in the ) BT x like period & year ago, a drop of over $29,000. “This left an operating income of $54,- 494.99, compared with $86,286.97 in Oc tober, 1931, & decrease of $31,791.98. 46 Balto & Ohio pf (. 1% Barker Bros. 4% Barnsdall Corp'n. 19% Bayuk Cigar (3). 66 Bayuk Cig 1st pf (7). oll-Ran pf (). 7 Insuranshares Del A quotation. September 30 has been reported by 304 NEW YORK, November 19.—The rs continued their lower trend of T restous peaston. | Motors. aiso| 1arse industrial, rail and utility cor- moved lower at the outset. Auburn|porations to a total of $696,312,000, longest and attended world - per_curtailment conference in, the. 1h- dustry’s history has ended here without Auto at 117% was off a point and|against $1,209,573,000 for the same |reaching an agreement on steps to be First M‘""“fle Loan taken toward stal i General Motors at 26 was off a frac- 7% interboro Rap Trans 8 tion. Standard Ol of New Jersey|Companies in the similar 1930 period, a the red metal dropped slightly to 33%. American |decrease of 42.4 per cent, according to = ;l‘:lephonu at 13415 lost 7. Consoll-|the Standard Statistics Co. Composite - ;m nmj‘hae bt 3“&?:&& ; , ‘Tuesda; ted Gas declined % to T1%. United|qgures for the various major industries | which carried the Belglan copper repre. There was & small-increase in non- operating income, and the deductions from gross was smaller than a year ago, s0 that the total net income made & slightly better showing than the total operating ineome. The reason for the falling oft in net income during the month was largely due to a decline of 564,326 revenue-paying passengers. Traction's Ten Months Net. The traction report for the first 10 months of 1931 makes a better showing because serious taxicab competition did not develop until after the early months of the year. The company reports 10 months totel net income as $302,590.37, compared with $379,028.52 in the simi- lar period, a decrease of $76,438.15. 37 Beatrice Cream (4) 8 4 Insur Shr(Md)(40c). 37% Beech-Nut Pkg (3).. 1 B 1264 Bendix Aviation (1). 4 Interlake Iron. . -l A PP 4 i] 179% 92 Int Bus Machina(néy ohem Steel (1) g us ne(n 75 Bethlehem Stl pt (7) 3% Int Carriers,Ltd 60c. Corporation, whose direetors are sched- | o115y, 20% Bohn Alumn (13). 17 IntCement (4)..e.es uled for dividend meeting today, opened 9.Mo. Net 1 | | 3 t 11%, off %. % s | . g itentet Dy -y i D SO ‘“"“.:g' world's biggest cop °r broducer, alf par- I able the Bel -l - » | DIVIDENDS DECLARED R Bsiian goves: | 5 A % i 2214 Int Harvester (3%~ The cable came just a few minutes ng -Applications Invited at. 2% Brockwzy Mot Tr pf. 10 Int Hydro El A (e2). before the Europa sailed, 81% Bklyn-Man Tran (4). 19 Int Match pf (4) American copper conferees, but it o || y ), con- {ained s retusal of the curtaiiment pro- (|| Glover & Flather 6% Bklyn & Queens U i 3% (nt Merchant M 5 Bucyrus-Erle. 6 + 4 73 Int Nickel of Can 20¢ NEW YORK, November 19 (#)— poucnl advanced. 1508 H St. N.W. National 1753 258 232558 9 7% Bucyrus-Eri 2 ] % 90 Int Nick Canpt (7)., 3 Pe- Pay- Hldrs. of 2 Budd (EG) Mfg. 10 Int Paperpf......... 3 Company, Rate. riod. able, record. 4% Budd Wheel (1) 1% Int Paper & Pwr (A) s Extra, 214 Burns Bros(A) v.t. : 914 Int Paper & Pwr pf.. Insuran Shares Cor) 10 Burrough A M(t1%) 5 ‘6 in! Printing Ink. . 6 of Del new.....lf‘/ze Total operating revenues were $3.- 52 Bush Termdeb (7).. 4 40 Int Printg Ink pf (6) Init 245.900.60, against $3,448,580.9 in 1930, 214 Int Rys Cent Am cfs. @ decrease of $203,380.36. Operating % 4 ew S0c A Jan. 15 expenses were reduced more than the| S9% 1%% ByersfAM)Co..... reguction in operating revenues, as is ¢ 2 Pet Milk wn by expenses of $2,405457.89, 3% Calumet & Hech 4 " against $2,517.748.30 in 1930, & de- 7% Camip W&C Fdy 9 % 10 IantDept Stores (2).. crease of $112,29041. Taxes also were 14" CanadaDry G A (). 57% 24 Jewel Tea (4) - ¥ S0 B Aoenitemngiegh . x Ipsuran Shar Certif jc Q i 3 *Deflcit. u 3 over $19.000 iéss than last year. onmfi'x'o'i‘»“o“ x‘:an—o;ex:{mzemp:ome Was 4 . 45 8% Kansas City Southn, tune Meter soc Dee. 15 Dec 1| tincrease. practically unchanged and deductions . % Karstadt (Rudolph), % 1 B 302 @ Dec 3 Dec 1 s omrd i from gross celled for $308,047.56, an 8 K'mann Dept Stra(1} ' E ot| U. 8 URY BALANCE. inerease of $3,787.84. . The drop in total 11% Caterpillar Trac (2), % Kelly-Spring Tir % , SR ! 3 v 34 net profits for the 10 months is, of 21 Century Rib Mills. 10 Kelly-Spr T 6% p 2 o The United States Treasury balance m ek 32 Jan. 15 Dec. 31 metal market finished lowe; local trade now looks for nnur .“&dldlnum of copper metal quotations, which have been fairly firm around 7 cents a pound. i 5 Tobacco 6,366 4. Do 57 008 200 3 v 22 Utllities X *m 364 Corporations Money Available for Mortgage Loans . E ARE equipped to make FIRST TRUST LOANS on apartment houses, office build- ings, residential and business properties— after prompt investigation. The money is ready upon approval 1 of the application—and loans will be 5 /2% made for 3, 5 or 10-year periods, at. . to the taxi compe- Y b 5% Kelly-Spr T 8% pf.. . announced today as of close of business e o it ionths, revente Bas- B Cortain toes Brot, 3% Kelsey-Hayes Wheel Fed Nat Bk (Bow)..5% 8 Oct. 31 | November 17 was $181,047,549.94. Cus- e 53,650,852 R e ek 104 Kennecott Copper(1) e e ge 204 m'xe'at':loggm':ryd:;e ber 1, this year, ,669, 31 Checker Cab Mrfg... 23% Kimberly Clark 2%., " Dorman Long & Co Ltd n‘!’“ aue at this time | penditures were' $8,268,828.36. 10 Kinney (G R) Co . 3 Div due at this time 24% Kre /e Dept St e 1 iv due at this time 19 Kresge (S 8) (1. n;.. 8 ,.,‘: e Due sep, 1| CLEARING HOUSE FIGURES. . % 331% Kress (SH) Co (J1. i Washington Clearing House figures 3t Rreuses & Toil 1.61). Slers & WA B0 Due Jan. 15 | for today: $3,978,902.66. . 160 Lacleds Gas (8). Regular. 87% 40% Lambert Co (8) 3 7 R N o e NEW YORK BANK STOCKS 6 Lane Bryant (1 Y % Do. 36 pf. o Dec. 15 R 82 Len Port Cmt pt % (8 ' Lehigh Valley Coal.. 18 Leh Vai Coal pf (1) :‘;".",:; ,E_""‘ Wka 17% Lehigh Valley R R, £no st bl 85 Lehman Corp (3)... : Canadian West Ni 18% Lehn & Fink (3)..... Case (3 1) Co of, 7 Libbey Owens Glass. Gentral Artzona 39 Liggett & Myers(15) '8 ot 40 Ligg & Myers B (16) 15 Lima Locomot (m2). 15% Liquid Carbonic (2). 275 Loew’s Ine (3)....e. 2% Loft Inc..... 5 % Long Beil Lumb (A). 10 Lorrillard (P) Co. ... 20 LouGas&ElA (1%). 29 Louss&Nashville(s) 5% Ludlum Steel McCall Corp (234)... Mcintyre Pore M(1). McKeesport T P (4). McKesson & Rob (1). McKes&Rob pf(33%) McLellan Store: . 6 Kelvinator Corp..... last year, a decline in trafic of 5,- 28% Ches & Ohio (23%)... 695,728 paying passengers. 14% Chesapeake Corp(3). Old Dutch Declares Dividend. 3% Chi Great Western. . Pere A. Wilmer, secretary of Old ‘Dutch Market, Inc., of Washington, an- nounces that the directors have au- thorized the payment of a second and final liquidating dividend of 8 per cent on the second preferred stock of this corporation. This dividend applies only 1o the second preferred stock. The first 11% Chrysler Corp (1) preferred stock has been paid in full 26% City Toe&Fuel (3.60) and the common stock has no value. 1 City Store: sk The par value of the second preferred 16% Cluett-Peabody (3 stock is $10 per share, which means 97% Cocoa-Cola (18). that this final liquidating dividend will 28 Colgate-Pal-P (216) ‘be 80 cents per share. A first liqui 87% Colg-Palm-P pt (6) ing dividend of 12!, per cent was paid 7% Collins & Alkman. on the second prefererd stock on Sep- 7% Colonial Beacon. . tember 15, 1928. 16% ColumbG & E (1%).. ““In order to receive the dividend, 76 Col Gas&El pf A (6). holders are instructed to present their " 580! certificates to Selig C. Brez, 340 Wood- ward Building, for indorsement and notation, after which the checks will be mailled. The Old Dutch Market » Co. sold its business and stores to the 15% Comel Inv Trust (2). American Stores Co. two or three years 9% Comel Solvents (1).. 8go. 4% Comwlth & Sou(30¢) Trading Light on Exchange. 68 Comwlth&Sou pf (6) ¥ Im-Nairn (1).. Washington Gas Light Bonds, series T S Cisar (1), B..and the 55 figure in $1.000 sales & eRias on''the Washington Exchange today. T There was also_some trading in Po- Consol Film. .. tomac Electric Power preferred issucs et et I at recent price levels. 61 Consol GasN Y (4).. At a meeting of the bou{d of gov- 93 Consol Gas NY pf(5) Manati Sugar. ernors, following yesterday's annual 1 Consol Textile...... ManstlBuser election, Karl W. Corby was elected % Container Corp (B) MaabatBisy modlkia chairman. 5% Contl Baking (A) Marine Midld (1.20). % Contl Baking (B) Marlin-Rockwell (2) 40 Contl Baking pf (8). Marshall Field (2%) 81% Contl Can (2%)..... Mathieson Alkili (2) 4% Cont Diamond Fibre. May Dept Strs (2%) 3 ur (2. treatment, has been removed to his (o Melville Shoe (2) home on S street. He is improving 2 Mengel Co...vuveene steadily. : Miam{ Copper. . J. Thilman Hendrick, chairman of Mid Contlnent Petm. the board of directors of the Lanston 2% Coty Inc. .. Midland Steel pf (8). Monotype Co., attended the funeral in 20 Cream of Wheat 1214 Minn Moline Pow. ... Philadelphia of Joel G. Clemmer, treas- | 3% Crosley Radio Mo Kan & Texa s + 14| Wolverine urer of the company. Mr. Clemmer| 22" Crueible Steel...... Mo Kan & Tex pi | 8ora"R & S Eibe had rendered the concern, long and 45 Crucible Steel pf (7) Missour Pacific. .... R R &t most valuable service. 35 Curtis Publish (4).. Missouri Pac pf (5). Crucible stest’ Co Albert W. Atwood, widely known| "2114 7 Curtiss Aero'& Mot.. Monsanto Chem(1%) 3 c°l§ Ar'g-h ptd " financial writer of Washington, ad-| 6w 1% Curtiss Wrignt. .... Montgomery Ward. . Glen Alden coul.. ¥ dressed the Pittsburgh Uncerwriters’| gy, 21 Curtls Wright (A).. Motor Meter G & El. 1A Hotl-Hershey &' §21 tlon at a luncheon today.on| 118% 85 Curtis Publish pf (7) Motor Wheel (50¢) Y % Natl Bd & Share.2! urance and National Stability.” | 41 12 ler Hammer. o oRananaBa L~ 10% Chic & Northwstn 28 Chi & Northwestn p! 17 Chicago R 1&Pacific. 32 ChiRI&Pacptf (7). 8 Childs Company. RANDALL H. HAGNER & COMPANY N S Sotaramce Gomamy 1321 Connecticut Ave. Decatur 3600 e i ———— Dec. 18 Nov.20, NEW YORK, November 19 (P).— Nov. 20 | Over-the-counter market: - Banks, & YOS TET o T Bid. E Bid. Asked. ; ,;% I you have been waiting {5 ,g 'g'u for a buyer’'s market, today e is the time to act. You will find us meeting today’s conditions ' more than half way. HUPMOBILE:. Sixes and Eights * Free-Wheeling at no extra co MOTT MOTORS, Inc. 1518-1520 lflh St. NW. Decatur 4341 “We bollove the Hupmobile to be the best car of its class In the world® e am R~ 3 Inc pf. Detroit Edison. . Edwards Dent’ Sip.50c Emp G&F 8% pf.66%c . 7% Df......58hc I+ pA OLDEST NATIONAL BANK Mnbyo')l,t:st;ol;L W E.Boc i, & ¢ in the District of Columbia Morrell_(Joi 75¢ d 50c L4411 Mallison & Co FEF FRPFFEFE FFEES PR & Heard in Financial District. Edward J. Stellwagen, president of the Union Trust Co. who has been in Emergency Hospital several weeks for 0000 D : pODREpOm RODDOLHOOHPOLOD LOVLLOD POZORZZRE0D © O pp D0 Do OO I Is Not : Enough Scotland, for two days without food sy i or rest, '80-year-old Catherine Mcin- that you_carry Life ness was found, apparently unaffected Insurance: Further pro- by her chilly experiance. tection is essential if 1 c PROPERTY MANAGEMENT " Mullins Mfg pf. New York Transit..15c ‘American Telcphone & Telegraph Co, | et Murray Cor Tox Qulr suiphur e declared regular quarterly dividend of | (28 ~ 4 Davizon Chemical i y : $2.25 a share, payeble January 15 to| 197% 88 Delaware & Hud (9 sl b 102 29% Del Lack & Wn (2) i s s vy 95 112 Detroit Edison (8). SILVER QUOTATIONS. 18 12 Dresseratre B ety o NEW YORK. November 19 (P)—Bar| ,io% $2% Drug Corpid). oo eilver rallied in the New York market 107 B o ince, an overslgt ee of %4 of s | A24% 108 Du Pont . Nat Beeel (3. cint. The metal had been declining Nat Supply Co. DIVIDEND NO. 144, decease. for three successive days and had about ; Nat Surety (2) A cuarterly dividend of $1.50 upon el cancelled fis Tecent sensationsl gains. | 1% 9 | 240 LA A O R L I A LIFE INSURANCE - 7 34N 347, v : 3 BB o R wtacknoMiers of Tecord sa thuy TRUST, with this old POTATO MARKET. 3 thi appéar at the close of business on December £ £ CHICAGO, November 19 (#) (United 1 i "Ihe Transfer Books will not be closed. bank, assures safety of , November ) (Un! . 595 States Department of Agriculture).— ; W. W. WELSH. Secretary, principal and regular Potatoes, 64; on track, 198; total United Money to Loan income f or benefici- States shipments, 524; steady, trading first f trast 1 i slow; sacked, per hundredweight, Wis- 344 Erapoyiu e Capwsll Secuzed by, fre R 13t eyt o sha) satie: aries. 2134 Eng Pub Sve (1.60) 1 > -~ Joseph I. Weller $37%5 5 3%t || mw~vou ana your attorney are 10% Erie RR.. o1 — , = e "# invited to confer on ‘his matter 2 b 4 Anriu Service WO TR A. C. & Northeast National A \etropolitan Speedometer Repairs oy ey R 'BANK 7S _ ‘ _Fifteenth Street: Opposite U. S. Treasury After being lost in a wood near Fife, A partment House MANAGEMENT Nat Dist I'rod ( FEFTEIFR EE MERGENTHALER LINOTYPE C the proceeds are really Brooklyn, N. Y., November 17, 1031, to benefit those you pre- E are constantly having applications to rent homes that are modern and up-to-date —from dependable parties. If you have such property, we shall be glad to list it. Elec Pwr & Lt pf(6). 'ec Storage Bat (4). consin round whites, 70a85; Minnesota, N Red River Ohio's, 80a90; Idaho Russets No. 1, 1.35a1.55; Nebras- ka Triumphs, few sales, 1.00. Coast Line Dividend. NEW YORK, November 19 (#).—At- 1 l:(é Cu:<§ U{‘le Rsnzumadlxmy de- clared a dividend of $2 on the common 0% Fires k2 stock, payable Januaery 11 to stock of 8% Firet NeniBrs 1) record December 11. The company % % Fisk Rubber....,... previously paid $3.50 semi-annually. % Fisk Rub 1st pf conv For the four years prior to 1931 the 5 Follonsbee company paid dividends totaling $10 10% Foster Wh 1).. annually, including the regular rate of 18 Fourth Nat Inv msbe $7 annually and $1.50 semi-annually. 5 FoxFilm (A).y.uees Norf & Westn (112). 4 NortrAm Aviation, 26 Nor Amer(bl0%stk) 40% North Amer pt (3).. 871 North Am Ed pf (6 19% Northern Pacific 3) 36 Northwest Tele (3 1 Norwalk Tire & Rub. 5k 1 Oliver Farm Equip 1s Your lst, 2nd or Srd Trust Due? 28 14 Oppenheim Coll (2).. ; fiu li'j 4% + % * fihfiifibm b O e M i Money? (Continued on Page 14.) 410 5th 8¢, N.W. Room 9% N Y% 73 Fed Lt & Trac pf (§ 3 Fed Mot Truck(40c). 414 Fed Water Service A 13 Fed Dept Strs (25¢). 22 Fid Ph Fire In(2.60) B. F. SAUL CO. 925 15th St. N.W. .+ Naft2100° 2 Brorapamwaa MORTGAGE 20ANS