Evening Star Newspaper, November 27, 1931, Page 13

T ¢ FINANCIAL ASHINGTON, CURB SHARES DROP | IN HEAVY MARKET Weakness jn Commodities| , and Disturbing Political News Cause Selling. BY JOHN A. CRONE. Bpecial Dispatch to The Star. NEW YORK, November 27 —Heavi- ness of commodities, weakness of for- eign security markets, and disturbing political news over the holiday con- tributed to the lower price trend on the Curb Exchange today. Electric Bond & Share and its chief foreign operating subsidiary, American & Foreign Power, vielded on news of the grave situation in Manchuria. Cit- ijes Service was down fractlonally, which also was true of Standard Oil of Kentucky, Standard Oil of Indiana and Middle West Utllities. London cables telling of the Belgian agreement to curtail copper produc- tion were hailed with great satisfac- tlon by both tke trade and investors here, with the result that copper se- curities, under the leadership of New- mont Mining, staged a fair recovery. Reflecting the lower prices of the white metal, silver shares, notably Bunker Hill-Sullivan Mining, opened lower. Eagle Pitcher Lead, which seldom appears on the tape, was up a stall fraction following the announce- ment that stockholders of Consolidated Lead Co. propose to vote on a merger with Eagle Pitcher on an exchange of shares basis. Omission of the semi-annual dividends of 60 cents on the class A and B shares of Ford Motor Co. of Canada ceused those stocks to decline and unsettled most of the motors, notably Ford Motor, 1Ltd., and Cord Corporation. ‘The opening was active and lower. A block of 4,100 shares of Electric Bond & Share sold at 16, unchanged, but on the next few trades the stock lost a half point. Cities Service at 67 was down Aluminum Co. of Amer- i¢a scored & new minimum of 68, a Joss of 2-points, on a string of offer- ings. Standard Oil of Indiana was vir- tually unchanged, but Ford Motor of Canada A, due to dividend action, lost more than a point. Lehigh Coal & Navigation opened off 1Y, but Glen Alden at 26, gained %. Ford Motor Ltd., like other British shares, reflecting the depressed state of the London market. American Gas & Electric at 42 declined 1'¢. Pennfoad Corporation was a shade higher at 3% on a few trades. RAIL PRESIDENT MAKES PLEA FOR CO-OPERATION By the Assoclated Press. W. W. Atterbury, president of the Pennsylvania Railroad, in disbursing the third quarterly dividend checks, toid the road’s stockholders the present railroad situation “requires definite and mmpt practical co-operation” of the leral ahd State governments to pro- tect the credit of the roads and enable them to obtain new capital for improv- ments at reasonable cost. He said such co-operation was essen- tial for presetving the stability and service of the carriers and to protect the $26,000,000,000 road and equipment investment of the roads. pai e ater on o quarter dividend out of surplus. BONDS ON THE CURB BONDS. High. Low. Noon. 88" 13 98% 1Alabama Pow 1 Aluminum Co 88 ' Cmwih Pw 65 1Amer EI Pow 6s A 1Amer G 1Amer P & 1 Appaiach 2 Arkans P 48 As50 G & Gas E 4} 888 ....,,n ot s 2 335 it 154 ent St P&L 5125 ities " Service 5s | wroridion St omarscot s ion i ol 53399900000 5 is EI Boston 4s 137 933 is El Boston 58 '33 10034 & L 55 A 2030 62'4 Q&R 5lis 42 30ta feral Wat 5125 Testone Tire 5 orida P & L 55 atineau Pow 55 el oy ire o k) 8612 9914 96% 48 Q000! ulf Oll Pa 55 00d Rubber s P 415¢ 0921 090300 0 A 0 0t D st Bt cnOR '36.. 4 i 8 /814 81v 2 7% 81 55 53 87 9% 83 Somg 1l Pow & Lt 65 C 156 nsull Utilit 65 B ‘40 niercon Pw cv 6x ‘48 Sec 75 E 57 81 o oo 3 ! 2 2 Intern m 5 3 Intersta Power 6 '3 i 4 % 3 Levien, P € & dozt Bt 1 om 5 1001 100% 45 Minsinchu ‘gas 3¢ 503, 9030 ass Gas Bis o1} IMia west U by a2 o g0 8 80 G 455 67 8 1Miw G & E thos ‘e, A 9! g 3 a2s W&P 4145 P&L 65 A 2025 Caliif Edis 5s G s 4 2, u ST Rt RIS AN, {andard PAL 65 151 2hdard PAL 65 157 ‘exas P & L 55 56 330 e e S R S Rub 6!3s '3 8 Van _Swerin 6s '35 ww 5 Va Pb Ser 5%as A ' Va Pub Serv 85 B 'S Waldorf-Astor 7s '54 West, Penn S5 2030 i (7 Sl LA Gent ot on on1s e a e 0390y estueral al St ‘erni Boc 625 A 53 To—Withont werrante, lew. s T Whien 1ssued, NEW YORK CURB EXCHANGE Received by Private Wire Direct to The Star Office. Stocks ~Prev. 1 High. Low. in 100-share I Stoek Dividend Adams Mill 1 Air Investors ev pfas Alr Investors war. .. Ala Pow pf (6) Alexander Indust. 2 Allied Int Invevpf 1 Aluminum Co of Am 9268 Alu Co of Am pf (6). Alum Lt 7) 508 5 10 K] " 23 204 109% 60 783 Am Cigar C Am Cigar Copf..... 50s Am City P&EL (A)a3 1 AmCom P A (b10%) 19 Am Corpn (£30c).... 1 Am Cyanamid B. 1533 trs 1st pf A 25s Am Equitfes. . Am For Pow Am Gas & El pt (6).. Am Invest Inc (B) Am Lt & Trac (2% ). Am Maracaib Am Natural Gas. ..., Am St Pu Sv (a1.60), Am Superpower. .. Am Buperp 1st (6) Am Transformer. . Am Util & Gn B vte. . Am Yvette (25¢)...s Appalachian Gas. Arkans NatGas A... Ark N G cu pf (60¢).. ArkP&Lnf (7).. Art Metal Wks(b8%) Assoc Elec Ind (30c) Asso G&EI A (b2-25). As50 G & El wa Atlas Util Corp. At1Coast Fish....., Bliss Co(EW) (b8%) Blue Ridge Corp.... Blue Ridge cv pf(a3) Bohack (HC) (4)... Brazil Trac Lt&P(1) @ o 8 . o a3 5 NN E O AN LT O S nnE ~ R amen e Brit Am Oil C (80c) .. Buckeye PL (4). Bunker Hill & Sull Cable Radlo T vte. Cable & Wire A rcts.: 4 Cable & Wire B rets., Cab & W pf rcts 19¢.: Canadian Marconi..s Cent Pub Sv Del..... Cent Pub Sve A b5%. Cent Stat El (b10% . Centrifug Pipe (60c) Chalin Stores Stock. . 5% Citles Serviee (g30¢) Cities Serv pf (6)... Cit 8v pf B (60¢).... Cit Sy pt BB (6). Claude Neon Lts Inc, Clev EI Illum (1.60). Cleveland Tractor... Colon Oil...... Colum Pic v.t.c. f75¢c. Commwlth Edison (8175 Cmwith & Sou war,. 11 Comstock Tunnel. 3 Consol Auto Merch Consol Copper. Con Gas Balto (8.60) Consol Gas Utility A. Consol Theaters. ... Cont Shares cv pf. Cooper Bessemer. ... Cord Corp. vuss.. Corp Sec Ch (b6%).. rroon & Reynolds. Corroon&Re¥ pf(A)s Cosden Oil. Cosden Oil pf Creole Petroleum Crocker Wheeler. Cuneo Press (213). Cusi Mex Mining Dayton Afr & Eng... Deere & Co. - De Forest Radio. Detroit Afrcraft. » ) LT e e L L LT - LT R LT =T eres Duval Tex Sul wi Eagle Picher Lead. .y East G & F Assoc East Sta Pow (B)... East Util Assoc ev..i Educational Pic pf.. Klec Bond&Sh(b6% ) Elee B&Shcupfb.. Elec B & Sh pf (6)..4 Elec Pow Assoc A (1) Elec Products of Col, El Shareholdg (b6 %) lec Sharhldg pf(aé) Empire Pwr pt(2.24) Empire Pub Sve (A). Europ Elee deb rt; Fairchild Aviation 2 Fox Theater (A).... Gen G&E cv pf B(6).150s Gen Theat Eq cv pf.. Georgla Pw pf (6). Glen Alden Coal (4). Globe Underwr (15c) Goldman Sachs, Gt A&P Tea nv( Gt At&Pac Tea pf(7) Grier Stores pf. Groc Strs Prod vte. . Gulf Oil of Pa (13%).. Hamilton Gas v.te... Happiness Candy... Horn & Hard (2%).. Hudson Bay M & S. Humble Ofl (12%).. HydroElec Sec(1,20) Hygrade Food Prod., Imp Ofl of Can (50¢). Insull Inv (b6%)... Insull Utll 2d pf (6). 150 Ins Co ofNo Am 123 Insurance Security. Intercontinent Pet n, Int Holding & In Co. Int Hydro El A war., Int Petroleum (1). Int Safety Razor (2), Int Superpwr(11.10), Int Utilities B......; Interstate Equities Inter Equ cv pf (3) Italian Superpow A.. 1 1 1 113 708 108 ™ 10 2% L) 10 1% Add 00. Open. Hirh. Low. Close. | 8 85 5 Prev. 1931~ High. Low. 2 26 17% I % 124 85 5 Margay Mid We: Nile A4 20% 85 6% 14 12% “w & 3% | nual payment. Stock and Dividend 4« Kolster-Br (Am Sh). Lackawanna Seo ($) .ake Shore M (12.80) Land Co of Florida. . Leh Coal & Nav 1.20. Lefcourt Realty 1.60 Leonard Oil. Lerner Store: Libby McNell & L. .. Lone Star Gas n 88c. Long Island Lt (60¢) Long Isld Lt pf (7). 7 Louisiana Lan & Ex. Magdalena Synd. ... Marconi I M 87 1-10c Rock Lt & P (000)., Rossia Intl (10¢).... St Anthony Gold. .. . Bt Regis Paper (80c) Slet Ind prior(5%). Sle Ind al ctfs(5%) Shattuck Den Min. .. 8henandoah Corp pf. Sherwin-Williams(4) South Penn Ol (1).. South Corp. y Sou Cal Bd pf C(1%), 8 W Gas Ummu.‘.h Stand Invest cm pf.. Stand Ofl of Ind( 1 Stand Ofl of Ky 1.60. Stand Ol1 Ohlo (23 ) .100 184 Stand Pwr& Lt (2)., 18%-Stand P& L (B) (2). 4 Btarrett Corp pt (3) 8troock & Co. . 1 Syracuse W Mach B. Technicolor Ife. .. .. Teck HughesGM t65e Tenn EL P 1st pt(7).. Trans Alr Trans TransLux DL P B Tubize Chatel, B Un Gas of Canada(1) Uhion Tobaceo. . ..., Unit Chem pt pt (8). Unit Dry Doel Unit Founderi Unit Gas Corp. Unit Gas Cor Unit Gas pf (7). Unit Lt& Pw A (1).. UnitL&Pwr B (1).. 16s Unit L & Pwr p(6).. U S Elec Pow ww.... U S & Intl Secur..... U S Inter Sec 1st pf. Unit Stores v.t.c. Unit Verde Exten Utll P&Lt(at1.02%) Ut P&L B(at1.02 Utility Equiti Util Equity pi Utll&Ind ..... Util & Ind pf (1%).. Van Camp Pkg. . Van Camp Pkg pf. Com Edison. ., & Rad-K-Orph. Dee 21 Dividend rate3 in doliars *Ex dividend. aPayable in cash or stock. b Payable in d:;(linnfl.y!fl:;l; o won. a 1 Plus stock. k Plus 10% 1n stock. stock. n Plus 8% in stock. p Paid last xm—nokun::;";.n:* " Sales— ate. Add 00. Open High. 68 1% 1% 2714 274 251 2514 %% 13% an 1% 274 24% Y 13% P 1% 27% 24% ke 13% & (2)... 1 6 915 2214 Mnss Util Assoe. ... May Hos cum pf (2), Meniph N Gas (60¢).. tt Chap & Scott ta Pet vte A eel Prod(2) t Ut (b8%). Mid W Ut cv pf xw 6 Minne-Honey pf.(6). Mo-Kan Pipe Line. Moss Gold Mines. .. Mountain Prod (1).. Mountain & Gulf..., Nat American Co.... Nat Bd & 8 Corp (1). Nat Fuel Gas (1). Nat Investors. Nat Leather. el 9 Nat Pow & Lt pf (6).100s at Pub Sv pf (7)... at Sh T Sec A $60c. ew Bradford Ofl... 1 New Eng Pow pt (6). 208 New Jers Zinc (13).. 1 Newmont Mining. ... 2 N Y Shipbuilding Cp. N Y Telpt (6%).... Niag-Hud Pow (40¢) Niag-Hud Pow A w. ., Niag Sh Md (40¢)..., Bemt-Pond (1) Nitrate Corp Chile B North Europsan Ofl. Nor Ind Pub S pt (8) 25s Nor St Pow A (8) 2 Nor St Pow pt (8) Ohio Copper. Overseas See PacG & B 1st Pac Light pf ( Pac WesternOil Pan Am Alrways.... Pantépee Oll. . Pennroad Corp (40c) Perryman Electrie. . Philip Morrts Ine. .., Phoenix Secur Corp.. Pilot Rad Tubs A.... Pitney Bowes (b4%) Pittsbgh Plate G (2) Plymouth O1l (25¢).. Polymet % Prod Roalty (b10%). Prudential Invest. .. Pub Util Hold war. Pub Utll Hold xw... Pub Ut Hold eu pf (3) Rallroad Shares(40¢) 758 10 258 38 6 6 i 2 4 .« 208 B g0 MIg..ioiuen = o = o S B L L LT L L ISTST YOSy APPSOV P RTRIEST PAE - JUNI - -SRI S USSR 4 war,. 16 > %) Vick Financial (30 Walker, H (25c).. Western Md pf. . Wil-low Cafeterias. . Winter (Benj) Wrth(FW)Ltd (36¢) 2 27 RIGHTS—EXPIRE .— 6 3 3 1 “ * ed on Iast quarterl: artly extra. 3Plus 4% i sto6 stock. e Ad: € Plus 6% in stock. nnulaux‘;.?n: VIRGINIAN RAILWAY CO. NETS $4.61 ON COMMON | The Virginia Kailway Co. reports for 10 months ended October 31, 1931, net | income of $2,841560, After taxes and charges, equivalent, after dividend re- | quirements on 6 per cent preferred | stock, to $4.61 a share on 312,715 shares | of common stock. This compares with $3,641,647 or $7.17 a common share in first 10 months of 1930. October net income was $463,673, after taxes and cnarges, against $518,- | 801 in October lnst year. | Statement for 10 months compares as follows: 1931. $1,476,123 $725,312 $463,67. 513,062,220 1930. $1,616,848 $776,735 . $518,801 Oct. gross Net oper. inc Surp. aft. chgs. 10 mos. gross Net oper. inc.. $6,105,268 Surp. aft. chgs. $3,641,647 United Raiiwayu & Electric. BALTIMORE, November 27 (Special). —Semi-annual interest, due December 1, on the outstanding funding 5s of the United Railways & Electric Co., which controls the trolley system of Baltimore, will be paid, according to an announce- ment by President Lucius S. Storrs. No reference to these bonds was made by the board of directors in the resolus tion passed at a meeting. earlier this week, calling for the omission of the semi-annual interest on the income bonds because of the fact that the funding 5s have the status of regular bond obligations and interest on them is &r&vxded or in the fixed charges, it was Motor Truck Order Placed. | NEW YORK, November 21 (#)— Federal Motor Truck Co. has received an order for 21 3';-ton trucks for use in United States navy yards through- NORFOLK & WESTERN EARNINGS COMPARED The Norfolk & Western Railway Co. reports for 10 months ended October 31, 1931, net income of $18,097,276 after taxes and charges, equivalent, after dividend requirements on 4% preferred stock, to $12.32 a share on 1,406,507 chares of common stock. This com- pares with $26,791,138 or $18.50 a com- mon share in 1930. October net income vas $2,487,296 after taxes and charges, against $2,930,422 in October, last year. Statement for October and 10 months compares as follows: 1931 1930 $7,353,100 $8,647,112 2,612,354 2,848,059 2,487,206 67,654,922 . 19,687,888 21,887,645 Oct. gross. Net op. inc. ‘Total income. Surp. aft. chg: 0 mos. gross. Net op. inc.. ‘Total income. Surp. aft. chgs. 2,930,422 85,803,214 28,609,845 30,920,619 26,791,138 FUR PRICES ARE HIGHER AT FIRST AUCTION SALE By the Associated Prese. WINNIPEG, Manitoba, November 27. —Prices for furs at the first auction sale of the season yesterday swung higher than auction officials expected. Nearly all articles advanced about 15 per cent from quoted prices, .25, No. 2 beavers brought from $14.50 to $15.50. Mink, $7.25 to $8.00; ctter, $9.76 to $11.75; skunk, $1.20 to %1.80; mixed lots of zu.skr"on. 40 to 45 ocents, and wolf, $¢ Ontario ermine sold for 621 cents, Manitoba _ermine 70 cents and S8s- out the country. —_—— Officlals of Musselburgh, Scotland, have voluntarily reduced their salaries. katchewan ermue at 87% cents to $1.27%. —— More than 17, ~ Mmrunmbehl ces | to mw Grain Market By the Assoclated Press. CHICAGO, November 27— Influ- enced by severe breaks in British ex- change rates and by weakness of Wall Street securities, grain prices plunged downward early today under general selling. The tumble in sterling amounted to more than 6 cents. Opening 1% to 3% lower, Chicago wheat futures afterward held near the initial range. Corn started % to 11 down and later rallied somewhat, An overshadowing development in the wheat trade was the drastic slash in British exchange rates. This entirely eclipsed a falling off in Black Sea ship- ments, although Russia was credited with having exported only 448,000 bushels during the last week. Adding impetus to selling pressure here was ap- parent absence of export demand for wheat from North America. Another Learish factor was rain and snow in domestic Winter wheat territory where there had been complaints of drought. On one of the downsweeps in wheat, values went to 18}, cents a bushel below the high point November 9. Sim- ultaneously, corn fell to more than 10 cents under the recent maximum. Liver- pool reports from Argentina and Aus- tralia were bearish. Another handicap bulls was confirmation of recent advices that Great Britain would estab- lish a wheat quota sysem. Corn and oats weakered with wheat. levlslom reflected downturns of hog valses. PARIS BOURSE PRICES, PARIS, November 27 (#).—Th; cent rentes, 83 francs 55 “;ete“nr Five per cent loan, 101 fran ) D. C., FRIDAY, INEW IMPORT LE | STARTS INNORWAY .. “Voluntary” Quotas on Lux- uries Designed to Reduce Purchases Abroad. BY WILLIAM H. STONEMAN. Special Cable to The Star. OSLO, Norway, November 27.—'Vol- untary” import quotas on luxuries, de- signed to reduce this class of imports in some case to less than 50 per cent of the volume registered in 1930, are repidly being put into effect by Norway. While no official quotas have been established and the government has washed its hands of the business, a Norwegian bankers' committee, com- prising five members, has actually put the quota system into effect by pro- viding importers with only emough for- eign exchange to cover fixed quantities of_goods. In arriving at quotas for each class of products, the committee has first considered the average quantity of each product imported in 1929 and in 1930 and then reduced that average by the greatest possible amount. The “volun- tary” quota on pleasure cars, for ex- lample, will probably be set at 50 per cent of the previous import figures. American exports of pleasure cars to Norway last year were valued to $12,- 500,000 crowns ($2,450,000). While definite quotas have been fixed they are being kept strictly secret in order to prevent foreign governments from protesting. The unofficial char- acter of the system also saves the Nor- wegian government trouble with for- elgn powers. The quota system is justified, in the minds of Norwegians, by the severe tariff policies of other mngaean na- tions. Following the recent 50 per cent increase in duty on wrapping paper imported into England, Norwegian manufacturers have already received a large number of cancellations of orders, and there is fear that the British may go further by giving Canada a prefer- w | ential tariff on wood products similar to the tariff enacted in 1809, which | ter, threatened the entire Norwegian lum- ber industry. (Copyright, 1981.) Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., November 27. White potatoes, 100 pounds, sweet potatces, bushel, 35a50; barrel, 1.25a1.75; beans, bushel, 2.00; beets, per 100, 2.00a2.50; Brussels sprouts, per quatt, 6al5; Savoy cabbage, bushel, 35a50; carrots, per 100, 2.50a 3.50; cauliflower, crate, 1.50a1.75; celery, crate, 1.50a2.75; cucumbers, hamper, 3.00a4.50; eggplants, crate, 2.50a3.75; lettuce, crate, 3.00a4.00; okra, bushel, 2.00a2.50; oyster plants, per 100, 4.00a 5.00; peppers, hamper, 40a60; pump- kins, per 100, 3.00a6.00; onions, per , 1.75a2.00; spinach, bushel, 30a60; squash, bushel, 1.50a2.00; tomatoes, lug boxes, 2.00a3.25: turnips, hamper, 15a 25; apples, bushel, 50a1.25. Dairy Market. Chickens—Young, 20a23; Leghorns, 17a20; old hens, 17a23; Leghorns, old, 12a16; roosters, 12al4; ducks, 12a20; geese, 14a18; pigeons, pair, 25a30; guinea fowls, pair, 25a50; turkeys, 18a30. Eggs—Receipts, 2,242 cases; current receipts, 28a30; small pullet eggs, 22a25; hennery whites, 34a36; nearby firsts, 30a32; Western firsts, 30a32. Butter—Good and fancy creamery, 29a331; ladles, 20a22; process, 24a25; store packed, 15al16. Hay and Grain Prices. ‘Wheat—No. 2 red Winter, export, no quotations; No. 2 red Winter, garlicky, spot, domestic, 557s; November, 557 December, 56. Corn—No. 2 yellow, domestic, spot, 52a53: cob corn, new, 2.25a2.50. Oats—No. 2 whil domestic, spot, 351,a36: No. 3, 341:a3! Rye—Nearby, 50a55. Hay—Receipts, none. New hay 1is starting to arrive in increasing quanti- ties, but so far no official grading been attempted, selling being strictly on merit. Demand for old hay slow and market is dull and quiet, with prices in buyers' favor at a range of 14.00a17.50 per ton. Straw—No. 1 wheat, 8.50a0.00 per ton; No. 1 oats, 9.00a10.00 per ton. Live Stock Market. Cattle—Receipts, 1,000 head; fair sup- ply, market easy. Steers—Choice to prime, none; good to choice, 8.00a8.50; medium to good, 7.00a8.00; fair to me- dium, 5.50a6.50; plain to fair, 4.5085:50; common to plain, 4.0024.50;. Bulls—Me- dium to good, 4.00a4.25; fair to medium, 3.50a4.00; plain to fair, 3.25a3.50; com- mon to plain, 3.00a3.25. Cows—Medium to good, 3.75a4.25; fair to medium, 3.25a 3.75; plain to fair, 2.50a3.25; common to plain, 1.50a2.50. Heifers—Good and choice, 5.35a5.70; medium to good, 5.75a 6.25; fair to medium, 4.75a5.25; plain to fair, 3.75a4.75; commn to plain, 3.95a3.75. Fresh cows and springers, 30.00a60.00. Sheep and lambs—Receipts, 700 head; light supply, market steady; sheep, 1.00a 3.00; lambs, good to choice, 6.50a7.25. Hogs—Receipts, 1,400 head; light sup- ply, market steady; lights, 520a5.45; heavies, 4.80a5.25; medium, 5.20a5.45; roughs, 3.75a4.55; light pigs, 5.10a5.35; pigs, 5.10a5.45; Ohio and Western hogs, 10 _cents higher. Calves—Receipts, 15 head; light sup- ply; market steady. Calves, 3.50a8.50. New York Cotton Bpecial Dispatch to The Star. NEW YORK, November 27.—Cotton prices were 7 to 10 points lower at the opening of the market today. Heavy sales in distant positions served to offset a moderate amount of hedge covering and commission house offerings were heavier than the needs of trade buyers in near months. Opening prices were: December, 6.00, off 7; January, 6.06, off 9; March, 6.22, off 9; May, 6.40, off 10; July, 6.60, off 7, and October, 6.89, off 7. POTATO MARKET. CHICAGO, November 27 (#) ‘(United States Depariment of Agriculture).— Potatoes—Receipts, 100 cars; on track, 157; total United States shipments Wednesday, 527 cars; Thursday, 157; dull, trading slow; sacked, per hundred- weight, Wisconsin round whites, 80a85, few 90; Minnesota, North Dakota cob- blers, 80a85; Idaho russets, No. 1, 1.408 1.55. SHORT-TERM SECURITIES, (Reported by J. & W. Seligman & Co. Allis-Chalmers Co. 5s_1937. American Chain Co. 65 19 American Tel, & Tel. Amer. Wat. Wks & Baltimore & Ohio 4155 1933, ... Belding Hemingway Co. 6s 1938 Bethlehem Steel Corp. 5s 1936. . Canadian Nor Rwy. 4%as 1935 Chi. Northwestern R. s 1933 Chicago Rock Isiand 4s 18: Cleve. Lor, & Wheeling 5 Colorado & So. Rwy. 4'as 1935 Commercial Credit Co. 51,5 1935 Delaware & Hudson Co. 3s 1935 Denver & Rio Grande 42s 1936 n. Mot. Accep. Corp. 6s 1937 102’ General Petroleum Corp. 5s 1940 General Public Service 5125 1939 8413 Grand Trunk of Canada 6s 1936 Houston E. & exas 55 1933 Humble Ofl 5'.s 1932 Laclede Gas Light Co. Louisyille & Nashville 5s 1037, ..... New York Cent. & H. 4s 1034 New York, Chi, & 8t.' L. 65 1932 Northwestern Telep 4ias 1034 0. 615 a ;“Drllgfld fi;r’lle c Ir Sinclair Crude O Southern Pacific 5s . Shason Blsc, Lo & Fow. 55 1833 1008 URioR Oif co- of Callf, 58 1958, 1985 Virginis Rwy. & Power 5s 1034 101 Wabash Rwy. Co. 85 1930 8% NOVEMBER 27 . |GOLD WITHDRAWALS FROM U. S. DURING OCTOBER ANALYZED ce Headed List, With Consignment of $324.600,000—Smaller Europénn Coun- tries Accounted for $64.000,000 of Total. 1931 Classification by countries receiving the heavy withdrawls of gold from the United States during October has been completed by the Commerce Depart- ment and is proving an interesting study, according to reports received here today in various financial centers. The department's statistics were com- pleted within seven.days after it was announced here that the heavy drain had virtually ceased, and again imports of the metal are tending to exceed exports. France Leads Importers. Some department officials held that the suddeh shift in the flow of gold, which reversed the trend of many months and took $398,604,000 from this country during the last month, was due to Europeean misconception of the proposed National Credit Corporation organized by President Hoover. France, according to the department’s classification and as every one knew heforehand, was the largest consignee, taking $324,600,000 of the géheral total shipped. But the $64,000,000 in gold that France did not get went to smaller European markets. Belgium received $9,678,000; Switz- erland received $17,672,000 and a total of $35,904,000 went to the Netherlands. Each of these smaller markets obtained a slice of this country’s golden melon, cut duri and the first week of October. It §s understood they also figured in the shipments in the $35,000,000 Trans- vaal gold delivered in England after the last weck in September September 21, which forelgn markets | bought because the Bank of England could not pay the price in its necessarily | p; depreclated currency. Therefore, in the eye of the financial world, it is not | CHICAGO DAIRY MARKET. OHICAGO, November 27 (#).—But- easy; creamery specials 3012a31; extra (92 score) 30; extra firsts (90a91 score) 28a29; firsts (88289 score) 26a27; seconds (86a87 score) 24a25; standards (90 cen- tralized car lots) 28. Eggs, 1,756, easy; extra firsts, 32a33; fresh graded firsts, 30a31; current receipts, 25a28; r_friger- :;;r‘)l' extras, 18!2; refrigerator firsts, 2- orway i | Poland and Denmark likely that these countries will be in- cumbered by an off the standard threat. Export and Import Figures. The following gold export and im- port table for October was compiled by the department: Countri Austria Belgium Crechosiovhkia . France Germany Hungary Italy Netherlands Novos Exports. Imports. | Portugal g | Spain . . 3 i 500 | Sw 0 | Engineers’ Club. B Switzerland United Kingdom . Canada_ .. Costa Rick Guatemala .. Mexico ...0..!! Newfoundiand ‘and Labrador ... ... %0 West Indies Dominican ' Republic Dutch West Indies. Republic of Haiti B 223 A—13 TARIFF ON COPPER 15 DECLARED VITAL Attorney for Producers De: clares U. S. Industry Faces Oblivion. By the Associated Press. NEW YORK, November 27.—A, B Petermann, counsel for three large cop: per produ sald Tuesday night that with the cOpper market outsile thir country already lost to foreigh tompe- tition " the industry in the Unite¢ States faces oblivion unléss it is pro- tected by a tariff. Petermann, counsel for the Calumet & Hecla Consolidated Copper Co., Phelps-Dodge and the Calumet & Arizona Co., was a speaker at a dinner of copper producers and experts at the Tracing the growth of foreign pro- 4 | duction since the producers here cur- tailed theif output to meet a situation similar to the present one 10 years ago. he said that at that time the metal business of the world was tontrolled by companies in the United Statés due to the fact that over 62 per cént of all commodities came from erican mines. Foreign production 10 years ago, he said, was not sufficient to meet the | demands of consumets abroad. But, he contintied, the output abroad, now in' og | excess of that of the United States, is at the present tifme not only able to take car> of all foreign demands. but is suffcient to ship the metal into this | country and at a pric lower than the 83.185 | digroole | 669.671 | 862540 | 22,500,580 .100 156,984 | 11662 100.000 0019111 Java and Madeir: Hongkong ~...... Ji Totals . $398.604.470 Survey for Year. A survey of the year’s gold movement for this country fo date shows a net loss of $266,901,885, and & gain of $87,- 128,300 since the beginning of this month, When the net loss $354,030,185. Gold holdings of the country have | decreased $635,035,200 since the record | high mark of $5,015,000,000 was reached | on Septémber 16, and now stands at| $4,379,964,800. Earmarked holdings tol date amounted to $421,539,835. stood at |.onl Unity cost hete. Meanwhile, he held, the United States has no mharket for its surplus. Opposition to the opinions voiced by Petermann came from P. E. Barbour. mining engineer and consultant, and W. W. Lynch and Arthur Notman. In 1929, shid Barbour, although for- eigh production was gtéater than that of ?er‘c&fi mines, tl;eul;\:l!mu: in thfi country still was X of any history. He deucflf‘;:d the threat of a forelgn invasioh as highly exaggerated, sayin t in no year except 1930 had imj éver éxceeded exports and then y by a few thousand tons, as the ed States attempted to bear the brunt of curtailment. He said whether or not American producets are to retain any vestige of their former prominence gbroad de- pends upon the coéts 6f output in this country. NEW YORK AVENUE of FIFTEEN TH @ Heeping Washington Men Well Dressed ® Ci Prior to Reorganization osing Out Our Entire Present Stock ohnston & Murphy hoes for $ 8.95 Were $12.50 and $14 o Men $995 Were $15 and $16 NE of the best shoes made; smartest in style and of finest quality. Black and tan calfskin, Scotch grain and patent leather oxfords in all the most distinguished J. & M. lasts; also patent leather pumps. Hawkins Golf Oxfords Were $16 $6.75 London-made oxfords; sizes 813, 9, 9%, C, D and E. Boy Scout Shoes Were $6 and $7 $4.75 Official Boy Scout lace shoes; sizes 1 to 6. AH Sales Final and for Cash Only Free Parking at the Capital Garage While Shopping Here New York Avenue at Fifteenth Branch Store: 3113 Fourteenth N.W.