Evening Star Newspaper, November 21, 1931, Page 14

A—14 *% VEGETABLE SUPPLY CONTINUES LIGHT Shipments Reported in Sea- sonal Decline—Price Trend Firmer. Carlot shipments of most kinds of fresh produce show 8 strong tendency to decrease at this time of year, al- though Southern vegetables are begin- ning to take a prominent place in the market, says the United States Depart- ment of Agriculture, Bureau of Agricul- tural Economics, Market News Service. Supplies of fruits and vegetables this season have reached a total of about 80,000 carlots under those of last season. Carlot movement was fairly active the ] ‘week in November, owing to the requirements of the holiday trade. Spe- cial demand from this source was partly responsible for upswings on sweet potatoes, cabbage and onions and a firmer tone on some varieties and classes of apples, lettuce and celery. On the whole, the trend of the produce market shows more firmness than earlier in the month. The potato market has not shown any pronounced tendency to re- cover from the low prices that have prevailed this . season, despite rather moderate production. Most of the fruits and vegetables are heavier crops in the East than in the West this year and Eastern markets are relatively weaker than those in the Middle West. Three leading market crops, potatoes, sweet potatoes and apples, bring one-half to two-thirds the prices of a year ago. P Onions and celery are less important, but growers are encouraged by price levels about double those of last Potato Market Unsettled. As for some weeks past, the potato market seems to be in a waiting posi- tion without much change in the supply or demand, although shipments are unusually light for the time of year. Prices show little change, except the usual slight variations ween the different markets. Several Western and Middle Western shipping points report firmness and recent gains of 5 cents 100 pounds in prices paid producers, R R R X than s an tisfled with the present situaf at a much lighter rate than last season. Potato uction sums up 11 per eemlrumtnnnltmlutyur.m shipments have been 23 per cent less, which means that most of the crop this season is still in country storage await- ing stronger markets. The larger share of the crop accordingly remains to be shipped during the Winter, when ‘weather conditions often cause inter- rupticos in the supply and sharp changes in the e. The crop in- cludes a great 1 of cheap No. 2 stock, which tends to keep the potato market down. The East and the Mid- dle West have 40,000,000 bushels of po- tatoes more than last season, about equally divided between the two re- jons, but the Western shipping States ave 1!!.%00.?:0' bushels h"o! q.::u season. For that reason, signs - casional firmness appear in markets ‘Haulings are light mand only fair. Trading is Western New York and prices are well i " eid sovers: sgged ts el gro" 'mk &“25 eenup‘ln some insta 100 B, i, Punde, ke, .0 and Midwestern “sections. ‘markets are mme“nan Sments for the season from 40, to 54,000 cars. estimates are based on possibilities unusually large percentage of the stock will not be shi this season if Chicago car-lot market is about mfly, but_sales for future deliveries showed a slight upward trend. Sweet potatoes are in moderate sup- ply and rather slow demand. Prices in general continue low without much change, but Virginia stock advanced in New York to & range of $1 to $1.12 per barrel. A few Midwestern markets quoted slightly higher on some lines of sweet potatoes, but in general, the tone was irregular. Tennessee Nancy Halls showed some price gains of 5c in Mid- western markets. North Carolins, Vir- ginia and Maryland Porto Ricans sold @t 75c per bushel in Washington and 2 per barrel in New York. Celery Fairly Steady. @ The holiday celery market seems have called for rather liberal supplies. Shipments have been increased from the far West, but the output from New York producing sections has been mod- erate and the jces of good stock FINANCIAL THE EVENING STAR, WASHINGTON, D. C., SATURDAY, NOVEMBER 21, 1931. THEY ARE SO SUCCESSFUL IN PICKING UP CASTAWAYS Ow,WELL/ T WONT BE (Copyright, 1931.) NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. (Continued From Page 13.) —1931—— Stock and High. Low Dividend Rate. 3% Splegel-May-Stern. . 124 Stand Brands (1.20). 11 2 Stand Comel Tobacce 29% Stand Gas&El (3%). 28% Stand Oll of Cal(2%) 2814 Stand OfI NJ (12)... Bales— Addop. High Net. Low. Close. Chse 4% A% — % 15 15 W 2 2 34% 35% 31% 31% 324 32% g acacaa wnRe® 4% 5% 2 @ & 53 * % Stock ané Diviaend Rate. Pipe & Fdry (3) Sales— et Add 00. High. Low. Close. Chse . 13% 13% 13! B 8% 8% Rubber 18t pf... Smtg & Ref (1). 8 Steel Corpa (4). 150 114 U S Steel pf (7)..... 1% United Stores (A) 2% Sterling Secur pf. ... 19% Sterling Secur cv pf. 4% Stewart Warner.... 13% Srone&Webster (m3). 2% 204 7 e 2% 20% 7 14% #F OFF 4 31 % Univ Pipe & Rad.... 8 Utl] P&L(A) 12.15. ;;% 13% Vanadium Corp..... 22 Van Raalte 1st pf TRADING IN BONDS REACHES LOW EBB| Market Is Confused by Vari- ous Reports From Far East. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, November 21.—Today's bond market was a dull affair, with few price movements of any signifi- cance. ‘The hour-by-hour changes in the Manchurian situation—now a truce and now not a truce—confused the market, and many issues which had recovered on the theory that an armistice had been declared lost most of their gains. Wall Street was similarly in the dark as to the Franco-German negotiations because Germany's application, while mentioning “private debts,” did not say whether this referred only to the short-term credits, which are not to be disturbed until the expiration of the “standstill” agreement February 29, 1932, or to long-term bonds issued on forelgn markets, which so far have not | 4 been disturbed in any way. Domestic railroad securities had no particular market and even seasoned carrier bonds failed to follow the early rally in stocks. New York Central 4l5s and 5s, Southern Pacific 4'5s, Mis- souri Pacific general 4s, Rock Island refunding 4s, Erie general lien 4s and Canadian Pacific 45 and many others were off a point or more. United States Government bonds were about 1 to % point lower on a further proximately at the high of the recent upturn in money. It was too early to predict another advance in the redis- count rate, but the view was held that unless there is a substantial change in conditions before next Thursday, this action may be taken. High-grade corporate obligations like Atchison general 4s, Norfolk & West- ern 4s, Great Northern 7s, American Telephone 55, New York Telephone 4148 and General Motors Acc were fractionally lower. ‘wire generally heavy. Western Union dlgs were off nearly 5 points at one time. RIVERDALE BANK VOTES SEMI-ANNUAL DIVIDEND Bpecial Dispatch to The Star. RIVERDALE, Md., November 21.—A semi-annual dividend of 3 per cent pay- able December 15 to sockholders of record December 1, has been degclared by the directors of the Citizens' Bank of Riverdale, it has been announced by C. A. M. Wells, president. ‘This is the first dividend to be de- clared by this bank, years ago yesterday. starting on the eve of the depression, 'h:;l thus prospered is regared ar no- e. There has been an a.nual increase of $100,000 in the total resources of the % | bank. oo?mm now are approximately $282,- stiffening of money _rates. | BX Chil Ninety-day time loans were unofficially | B quoted at 31; to 3% per cent, or ap- | B! 2 | Budapest 6s°63, ... 9 Studebaker Co(1.30) 1 _Symington (A)..... 12% Telautograph (1.40). 2% Tennessee Corom.... 16 Texas Corp (2). 20% Tex Guif Sulphur(3) 2% Tex Pacific Coal&Oil 4% Tex Pacific Land Tr. 5 Thatcher Mfg Co.... 8% The Fair1)......... 2 Thermoid Co, 13 Third Nat Inv(mbbc) 1% Thompson Starrett. . 3% Tide Water Asso Oll. 19% Timken Roller B(2). 1% Tobacco Products. .. 18 3% Transamerica Corp.. 11% 3 Tri-ContlCorp...... 45% 24% Trico Products(2%). 24 7% Truscon Steel (60c). 9% 36% 55% 6% 17% 22 23 9 27 8% 1% 14 % 3% 109 26 15 FEFEF & R EFF FEOFE % Va-Cora Chem...... Va Elec&Pwr pf (6). 5% Wabash R R. 2! 'worth Co. rd Baking “Selling Climax.” NEW YORK, November 21 (Special). —Brokers again talking of a “sell- ing climax.” They feel that this must dévelop again, as it did in October and in June, before the market is estab- lished on a basis that will justify the public in going in and making sub- stantial investments. The fact that the average of rail stocks has bre below the October 5 minimum, while public utilities are under the average of the secon: October reaction, con- firms their bellef that the general trend of the market is downward. There is hope that some unexpectedly favor- able news will break and influence & rally, though this is more likely to be F OEIFEP FFEFE F 6% T2 28% Underwood-EII-F (3) 27% Union Carb & (2.60). 11% Union Ofl of Cal (2). 90% Union Pacific (10) 12% Unit Alreraft... o 8% Westvaco Chlor 1.60. 1% Willys-Overland. 425 Woolworth (14.40 20 Worthington Pump 40 Worth Pump A (7). 37 Worth Pump B (6 on short covering than on general public buying. The amount of liquida- tion, outside of a few railroad stocks, is comparatively small. 40 Unit Arcraft pf (3). 24 Unit Biscuit (2) . 6% Unit Carbon. 1% Unit Cigar Stores. 10% Unit Corp (76c)eaece 35% Unit Corp pf (3).... 28% Unit Fruit (3).. 19% U'nit Gas&kIm(1.30).. 10% Unit Plece D W (2 52 UBS&For Secpf(§). 20% U 8 Indus Alcohol. 4% U S Leather (A).. 861 68 USLeathorpf (1).. 1% % Dividend rates as vidend. Plus 9% in stock. 50% Wrigley (Wm) (4).. 30 12% e & Towne (2)... 15% 3% Yellow Truck 13 Young Spr& Wire(2) —_— 5% 1 Zenith Radio....... RIGHTS—EXPIRE. % Elec Po&Lt 3% PeopGL&C..Jan 15 o ents based on the latest quarte: 0 TS dividend sless than 106 '-’ e X a Ghis yeara T B Fius A% in stockl o oo INVESTMEiIT TRUSTS NEW YORK, November 21 (P).— Over-the-counter market: A B C Trust Shares ‘] A B G Trust Shares ..Dec 4 36 Gen Sec * 3 iven in the % % 3% 3u nnusl cash arations. ‘Belf Sty ares, ” tPartly extra, - 1Plus Paid last year—no reguiar rate. S e T [ | 2 lar rate. nPlus 8% in [ A in stock. i downward after the middle of the month, with some declines of 25 cents or more per hamper on Florida stock and on California lettuce in producing sections. New Jersey lettuce of the big Boston type was steady at 50 cents to $1 ?er crate of two dozen. Prices of Cali- fornia lettuce advanced in several East- ern markets, with gains of 25 cents to 50 cents per crate. Apple Market Firm. SALES. Potomac Electric 5%2% pfd.—5at 1071, AFTER CALL. WASHINGTON STOCK EXCHANGE QUOTATIONS AND DAY’S SALES British e ryln BAVINGS BANK. Bank of Bethesda (6§ m. & Ssvines (100 ed. | Deutsche Bk FINANCIAL, (= BONDS =) RIS U UNITED STATES. (Sales are in $1.000.) Sales. Hign. Low. Close. ib338532-47.. 25 1001 9930 9931 L1st4%s32-47 6 100 29 100 22 100 29 L4th4%s33-38112 101 7 1015 1016 US3s1951-5... 15 9316 9310 9315 US3%s'4d 9414 9414 US3¥sM41-3 US3%sJ 40- US3%s43-47., US3%s46-56.. USds44-54.. .. US4%s47-52.. 17 65 16 11 21 97 102 35 1058 10417 104 26 Sales. High. Low. Close. '53. 19 45l 45 45 31 30 Abitibl P&P b Allegheny 5! Argentine Argentine s Argentine ' e - nonneBl 8885 s Tonarnae a SRR S Bann - Bell Tell Pa. B Ind Loan C Bolivia Ts 6! Buenos A 6561 Pv.. Buff Gen El 4%4#°31. BR&Pitt d%s Bush Ter con 58 56 Bush T Rldg 55°60 Calif Packing 58 " Canada ¢s ‘60 4 Can Nat 5s Oct Can Nor 6%s db Can Nor 7s db 40, SuomNesrmEn cnns0RRURL~ANNA R B AR 8y Car Clin & O 65 °5! Cent Pac 45 49. Cert-td db 5% s '48. Ches Corp 58"47. .. C&Ogen 434592 C&O4%sB" CB&Q1strf Chi & Est Tl 5851 Chi Grt West 4s°S Chi M&StP 4% CM&St P 4% BT == TP =TSP Chi&NW 4348 2037, Chi & NW en 4%, Chi & NW 6%s " ChiRTcv4%s'e0. ChiRT&P4Yn's3 Chile 78 *42 Chile Cop db Clev Term 5%s°72. Colomb 68’61 Oct . . Col G&E 58 May'52 Col G&E cou 55 ’'61. Com Inves 5%8"49. Con G NY 4%s°51.. ConG N Y 5%s"dl Con Pow Japan 7 Copenhag 58’52 Cuba R R b8 '52 Del & Hud rf 4s'34. Denmark 4%s'62 Denmark és D&RG W 5. Det E GER4% 8’61, Det Edison rf l"l.’ Duquesne 4348 '67. Dutch East T 62'43. ©rie 15t con 48'96.. Erle gen 4: Briecv s Finland 5%s ‘58... Finland 6s 45 Finland Finland 7s ‘50 CARNHBNN R R =P 19 Bales. g T 1st 58 '52.. Wales 58 '57.. AT $6.0000000 . |Survey by Statistics Com- 4T, Nor Pac 33 2047. Ner Pac 48'97..", Nor Pac 4%s 2047.. Nor Pacri Phila Co 53 °67..... Phila Elee 4s°11. ... Phillip Pet 53539, Poland 6s *40 Port Gn El 4%5'60.. Pos Tel & C 55'53.. . Prussia 65°52...... Public Serv 45 71.. Pub Sv G ¢%s°70.. Rome 6%s°52. StL IM R&G 4s'8. St L&SF In 48 StL&SF4 Seab A L rf 45 Seab A L ev 63 "4l Sea All Fia 6s.4'35. 2 9. 2 Sinclair O11 6 14a'38 SincO7scvA'37,, SineCrO5%s"38.. SinePL 4 - SrmannmenoBen s - Talwan E P 63471 Tenn Cop 6s "44. Tenn EI Pés A 47. Tex & Ark 5%8'60. Texas Corp bs *44. . Third Av adj b Toho El Pw ¢5°33. Toho El Pw 7s '55.. Tokio b8 '5: Tokio E1 Lt 6 Ulst & D Un Pae 1 Un Pac 434, Unit Drg cv bs Utd King 5388 US Rub 1st BoavwBSaSmn olia - wloRavnaaBonen Vanadium St 5s°¢1. 3: Ry E‘Pw 6834, West El db b5 "64 West Union 6s '5: West Union 68 "6 Wes: Un 6%s°36. Wil & Co 1st 80 Extent of Decline. pany Notes Downtrend: of Values. Special Dispatch to The Star. NEW YORK, November 21.—Agricul- tural income in the United States this year is estimated at $6,500,000,000 by the Standard Btatistics Co. of New York in a survey which reads, in part: “A continued downward trend prices of most farm products the early Fall months, and lower croj fle‘ldl in :h:h.n‘umr f , make a ent - Ficultural income of the United States for the current year will be below even our tentative estimate made last Xu- gust, despite the recent sharp ad in rices. At %|ATLANTIC COAST LINE VOTES $2 DIVIDEND a7 | Payment of $3.50 Was Made i First Half of Year on Com.: mon Stock. of record December 11. ‘The road earned $7.58 a share on,! $3%0 and ‘earnings this year are eatl ), year o mated at between $3.50 and $4 & shdre, eom;ued ‘with $14.47 a share in } $1724 in 1928 and $11.96 in Stuckholders of record 1927, received the scribe to $13,747,000 share to the extent = g stock at $100:a of 20 per cent; of k CHICAGO LIVE STOCK MARKET CHICAGO, November 21 () (Uniifed States Department of Agriculture).— have been much higher than they were [ Eastern apple markets showed a last season. The tendency was toward | glightly stronger tendency the third Jower prices the third week of Novem- | week of November. There was some ber with declines of 10c to 15¢ Der|recovery from recent declines and a -gwo-thirds crate in the Rochester dis- | few advances were reported. Staymans trict. The weakness was not reflected | so1q at 85 cents to 90 cents per bushel in the city markets, New York having | jn the Shenandoah Valley producing edvanced sbout 25¢ and others Were | section. Baldwins in Western Michigan . Bav. & Com. BK. {(i7). Beventh Street (12) United States (30) . Wash. Mechanics (3 s NEW YORK, November 21 (Spe- cial) —The average decline in the stock market from the high of two weeks ago amounts to about 20 points. Since No- vember 9 there have been nine sessions ch in which the market has closed with a Capital Traction 55—$1,000 at 71, $1,000 at 71, Bid and Asked Prices. T Foster §% Foster Ins. & Foster Ins 77 Bank Shares N Y k Shares N ¥ Goodrich cv 6: % Goodyr Rub 6#'67. . GrandTr sf db 65'36 99% T4% Firemen's (8). National Union {i8) 4% firm at $2.25 to $3. Western celery sold at generally steady prices. The weak feature in Western New York is the large quantity of celery only fair to ordinary in quality. Cold storage holdings in that section had been re- duced 468,000 crates by the middle of the month. Cabbage Higher. “The advancing trend of Western cab- bage markets this month was reflected 2o some extent in Eastern producing sections, but the rise lacked vigor and has not been holding very well, partly ‘because growers are anxious to clear Jup the rest of the crop in the flelds before the arrival of severe Winter. Some of it is not good enough to g0 into storage. With the winding up of the Wisconsin crop, the Middlewestern and Mississippl markets are offering a better opening for distribution of New York cabbage. Prices paid growers were mostly $7 per ton in bulk and some sales were as high as $8. Bome dealers expressed the opinion that storage holdings would be lighter this season because of continued active shipments direct from the fields. Sup- plies are moderate in city markets and demand fair, Eastern cabbage is fairly steady at s jobbing range of $15 to 818 srr ton in Eastern markets. Carrot ipments increased some- what after the middle of November. Prices have held mostly steady at 75¢c Zn 85c per 100 pounds in Western New York, but some of the consuming mars Kets showed slight price advances the third week of November. Onion Prices Steady. ‘Recent advances in the onion market were holding quite well during the last half of November, although occasional sales were made at slightly lower levels in Western New York and Western te II&D“H and fairly unchanged in . Iso sold slightly higher in onions Al ig) & recovered to 90 cents for best grades, Prevailing price on this variety in West- ern New York was 85 cents, buc Green- ings from cold storage advanced to $1.35 | A™ and McIntosh brought $2. Markets in the important Shenan- doah ucing section continued rather unsettled. Some shippers are holding firm for higher prices, while others, un- willing to use cold storage, sold a little below prevailing levels. There is still | w some fruit not packed for market. Werm weather has made it rather hard to hold common storage apples and has tended also to reduce the consuming demand. Supply of Staymans is get- ting low and slightly better prices pre- vail, but demand for Black Twigs from the South was disappointing and not many were taken for the usual export trade of this variety to France. Do- mestic demand for the York has been slcw, but export sizes have moved fairly 10 | well. Considersble bulk fruit has been shipped this sesson. Markets are quiet in the other large | {0 Eastern apple sections located in New York State. The demand for export is light. Some varieties are being held for higher prices. Cider plants and o manufacturing concerns _are taking a considerable part of the daily shipment ts. Nearly all city markets report liberal | Lincoin ( supplies cf apples, with rather slow de- mand, but there was more general change in the price position the third week of November. Some greenings of large size sold around $5 per barrel in New York, but Yorks brought only $2.25. Bushel pack of standard varie- ties and grades continued at a jcbbing g range of 50 cents to $1 in Eestern mar- kets. Some of the choicer varieties sold higher, and Vermont McIn| reached top of $2.75 in New York. ‘York Spys snd Greenings brcught $1.15 to $1.35 in Chicago. turned in the New | ranged $1 1o § Bid. Asked, 1183, C. & P. Tel. of Vi Gapital Traction R. R. City & Suburban 85 Georsstown, Gas lst bi, otomac Elec. Con: Eiec, g 1553, Potomac : A Vernon'cti. 128, " C. Paper Mis. Wash. MKL. Cold Stor % STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel, (9) Capital ‘Traction Co. W‘l’lh?n'lon Gas Light N. & W. TRUST COMPANY. 5 . & Tr Co. (15) 291 Sontinental “Trust (6)! Bayos T 20) TITLE INSURANCE. Columbia (8h). 3 7 Real Estate (6h). 145 Diversified Truj Eauity " Taves " Equity Invest pf MISCELLANEOUS. Col. Medical Bldg. Co: (8! &b By BlaseCom: 8 B0 Bapetiatie: pla; . Sec. pfd. ( Y BasasnsetBnuienusuBEs LSS J . w8 g aders of I Le ndustry A lers of Industr Leadors of Industry 8 w-Priced Shares Sh - D, ( oodward & rop com. (1.30) Woodward & Lothrop otd, (1) bBooks clost nasc extr 130 extr §1% extra, el2% extra, Unlisted Depar: =nt. (These securities not listed under Exchange 5. Bid. Asked. [ 83 80 Selected Income 8h " Selected M; S Shitan Manage T 3 258 and Al Am Stand Coll State ot 1 5 Co. Wi Savis Waibinsien Sibje B Washington Base Ball Club. ‘Woodridge-Langdon Sav. 29u0sasSantGanat o, ahgoguy FOUR DIVIDENDS VOTED BY PUBLIC SERVICE CO. ust stock: Pive dollar convertible preferred, | 171 $1.25; $5.50 dividend preferred, $1.37%; $6 dividend preferred, $1.50. RN, FEEE ubiue’ ua L RIS B £ city report- New Ycrk and Pl 4 Jersey m&-: the lettuce market was Cape Cod in ¥ western X cd’:nh‘eliy steady prices. 1 ary 2, 1932, wmck’o( Decem] 17, 1931, on the classes of in y Nearly $430,000,000 will be' spent building homes in Germany this year. 88 88 101% 101% 91 91 60% 60 Hock Val 4148 Hud & M adj Hud & M rf 58 ‘57 Humble O 5%s '32. 111 Cent 4% [11Cent 6%5'36 11 CCStL&N 4% 111 CCStL&N Bs A. . 111 Steel 4% 8°40. Inland St 438 A" Inland St 4% s B'S1 Int Rap Tr 58 Int Rap Tr sta * Int Rap Tr 6s°32, Int Rap Tr7832... Int Cement 68 *48 Int Hydro El Int Match 5847 S Int Pap 58 A 7. 1 58 Italy 78’51, 5%s ‘65 634854, Kan City Sou 38'50, Karstadt 6s 43, Kreug & Toll Loew's 68 ex Lorillard 58 Lorillard 5%s 37 La & Ark 53 60 Lvons 6534 Manh Ry 18 Marsellle 464 45% 1014 101% 5 40 40 101% 101% 99 98 46% 44% 45% 100% 100% 100% 33 33 33 95% 95 80 80 - 80 101% 101% 101% 9B% P net decline, compared with only one | bulk with a net advance. showed an average gain of nearly 9 points, com] with an lnnnl’ld- October of slightly over 5 points. Now the de- cline for the month averages over 7 points. It brings the average net loss At one time stocks | siee for the year to date to nearly 70|nheaq ts. In only four months of 1931 as the market been able to establish a net gain. DIVIDENDS DECLARED NEW' YORK, November 21 (#).— Company. Model Oils’ Ltd.. Decker JE & Sons.$10 .. Libby McN & Do. 6% bf. Research Inv Standard Financial Standard Tr Bk (Cleviand) Regular. e Rate. riod. & Brdgpt dr (320) .40 g A e Lil A ¥ SEYRSRRRR F¥eY ¥ z 2 DOOOO O DEPOLOOOOO KREOD FEESRRERERNIY ¥ B NEEREEREEE 8 SEI..SSone SRERS Buonlor 5 8B 1 s S & DOOROOO! 5 few, 6.40, the week’s top; good to natives, 5.75a6.00; best earlier in s 6.35; choice clipped comebacks, 6:00a 6.25; native throwouts, 4.00a4.50;" .50; week’s 475 few, 4.85.