Evening Star Newspaper, November 29, 1931, Page 73

FINANCIAL. EASIER LOAN FLOW CURB SHARES SAG NOTEDFOR WEEK Bank Debits Outside New York Move to 91.5 | From 66.5. | An easier flow of loan money from benks outside of New York City was noted in the weekly business indicators available to the Commerce Department | through its survey of current business for the week ending November 21, it yvas announced at the department yes- | day. The survey showed that bank debits, | itvide of New York City, jumped to| from 66.5 for the previous week, bt were below the corresponding week of last year. The department made | nn comment on the increase. However, cutside of the department it was viewed with particular interest because of the fact that it was made during the period ©f depressed markets. | Total loans and discounts of Federal | Reserve member banks elso were frac- tionally above the previous week. but were about 19 per cent under the same | week in 1930. Interest rates on call | money declined slightly after four weeks | ot the same level, the average index for the week, according to the survey, being 57.7, against 36.4, the low for the year. Time money rates decreased for the | first time in eight weeks, but were still considerably above the average rates for the same week last year. The average price of representative | #tocks decreased materially from the | preceding week, sinking to a level only slightly above the vear's low recorded during the first week in October. Bond prices.declined from the preceding week, ivm were still slightly above the year's ow The survey said the number of -busi- ness failures, as reported by R. G.| Dun & Co., increased over the previous | week, and were 34 per cent over the | number of failures reported for the | same week last year. Wholesale prices, as measured by Fisher’s composite index of 120 repre- | scntative commodities, remained the same as for the previous week, or frac- | tionally above the vear's low. Prices | of agricultural products declined slight- | 1v, following a slight increase during | the previous two weeks. Prices of non- | agricultural products were the samc as for the preceding week, but were almost | 13 per cent under Jast year. | The price of cotton middling con- | tinued the downward trend of the pre- | vious week, but was still above the | year's low, established during the first | week of October. The price of elec- | trolytic copper also declined, establish- | ing a new low for the year. The combcsite iron and steel price for the week was the same as for the previous | two weeks, or at the low for the year. For the week ending November 14 in- ercases occurred over the previous week | in cotton reccipts and petroleum pro- | cuction, while declines were recorded | in bituminous coal production. cattle | rocelpts, electric power pro ber production “and wheat T i Steel ingot production was the same as for the rreceding weck, while the vol- | ume of building contracts for the two- | week period established a new low for | the year. For the same period the New York | Times composite index of general busi- ness activity showed a decline of 0.3 | points, touching a new low for the year, while the Business Week composite in- dex decreased 1.1 points, also recording & new low for the year. Indicators' Tabl i The following is the business | indicators’ e avorage, General Business. Composite Index — New York Times: F Composite _Index — Busi- Bituminous coal produc- contracts, §7 | business for truck manufacturers during receipts ... mber productio ingat production Wholesale Prices. r's Index (1926 — 160 cmmodities (120 ricultural prod. (30} Non-agricultural ~ prod- R per. electrolytic ' ton. middling, N. Y and steel composite 2 red, Kansas Financial. Bank debits outside N. Y. C. 91 Bank loans and discounts 107 5 8 0 23 38333 demand depos prices ...... deposits ' Revised. Relative to week hown, ve to a computed normal 91 1376 1 1005 1 1017 138.0 average 1928-1930 pe: taken WALL PAPER FACTORIES BEGIN OVERTIME WORK | B {he Assoc‘uted Pres | NEW YORK, November 28.—The | ‘Wall Paper Association has reported that three wall paper factories at Plattsburgh and Hudson Falls, N. Y indYork, Pa. have begun overtim work and put on extra shifts to fill a rush of orders for Spring delivery. ' HOW IS B Showing Current Business Activity Compared With Same Week a Year Ago. Dic | Jan] Fen | waR| Avk [sav [rone [+107 1930 May | July Manufacturer Claims Business Is 11929, and that the losses in the truck | duction. | off. AS SALES PICK UP Leaders Offer Stiffer Resist- ance When Market Nears October 5 Lows. BY JOHN L. COOLEY, Associated Press Financial® Writer. NEW YORK, November 28.—The Curb market eased narrowly today in fairly active trading for a two-hour session. Selling met somewhat better resist- ance as the old lows were approached for numerous leaders, and the final dealings witnesed a mild flurry of week end covering. Net losses, generally speaking, were small. Electric Bond & Share ruled lower. One transaction involving 2,000 shares was negotiated at 15, which was !y above the bear market low, but the final price was 15%, unchanged. American Gas & Electric and Duke Power were off a point. Utilities Power & Light sagged about half a point and nominal net losses were recorded by several other utility favorites. In the specialities, Aluminum of America sagged a couple of points, but reduced the decline. Glen Alden Coal turned heavy. Deere, Woolworth, Ltd., among numerous other lower-priced is- sues, held steady to firm. Little or nothing happened in the oil division, nor was the investment trust group active. WHEAT RALLY LIFTS | MARKETS FOR GRAIN Standing Orders to Buy Cause Abrupt Check to Decline in Values. BY JOHN P. BOUGHA Associated Press Market Editor. CHICAGO, November 28.—Late rallies in grain values lifted wheat today to above yesterday's finish. In the final hour, the markets met with stubborn resistance to sclling pressure, active | buying power developing from standing orders to purchase on downturns. Most of the recoveries were scored after trad- ing in stocks had ended for the week. A late stimulating factor was news of a hot wave in Argentina, with tempera- turss of above 100, threatening serious damage to crops. Wheat closed irregular, varying from 'z cent off to 14 gain, compared with yesterday's finish: corn unchanged to . down; oats at lyals decline to s advance, and provisions unchanged to 15 cents lower. WHEAT— Low. December 313 53 Close. 5272 53% | 541 594-.557n CORN-- December March May July MOTOR TRUCK MAKERS FACING BETTER YEAR Being Placed on Much Sounder Basis. Spectal Dispatch to The Star. 2 CLEVELAND, November 28.—Bstter 1932, even ihough reneral business vol- ume should no more than equal that of the extreme depression year of 1931, is forecast by A. G. Bean, president of | the White Motor Co.. who discusses the business in an article in_the monthly publication of the Union Trust Co. Many fleet owners have delayed mak- ing replacements, Mr. Bean explains, with the results that there is a great volume of postponed demand and any increase in general business or even the continuance of 1931 volume will make necessary the placing of new truck and bus orders. Mr. Bedn calls attention to the fact that although 1930 truck and bus busi- ness was 27.5 per cent smaller than that of 1929, it was still the largest of any year in bus and truck history except volume are I'ss for 1930 and for the first seven months of 1931 than the e~ crease in volume of passenger car pro- Truck registration actually gained in 1930 over 1929. although mas- senger car registration showed a falling “There are indications.” Mr. Bean says, “that the business of hauling, pas- sengers and freight, for hire, over which there has be>n so much complaint by railroads, is getting into more respon- sible hands. 'Those in the business are finding that they must maintain ter- minals, keep thsir equipment -up and incur so much cxpense that the busi- ness cannot b: conducted on a shoe tring. Various States are largely in- reasing their taxes on commercial vehicles, too, and regulations, particular- ly of the bus business, are increasing.” USINESS? sy [aua | sevr [ ocr | 1931 PRESENT BUSINESS -—23.2% BELOW A YEAR AGO. GENERAL BUSINESS ACTIVITY for the country indicated by Bank Debits outside New areas show weeks of activity al Black areas indicate declines from ACTIVITY BY FEDERAL RESERVE DISTRICTS. York City. Shas previous year. Check Transactions com ve the corresponding weel me weeks 12 months earlier. of the on New York | Philady G Nl s Cleyeland | Richmond —813% | —18.0% I~ Chicako | St. Louis —222% | A% T Mmfiu;'ylu 7 Showing Trend of Business in dollars (checks cashed) . Employment (Department of Labor) . Wages (Department of Labor).. Cest of living (Industrial Conference Board) Wholesale prices (Fisher's Index) Agricultural prices (Department of Agriculture) Movement of goods (car loadings). Retail trade (Federal Reserve Board).. Building contracts (F. W. Dodge) Failures (Dun’s) Bond prices (An Stock prices (Annalist) Stock market volume (shares traded) LEADING BAROMETERS. important factos Present trend. Upward Downward Downward Steady Steady Steady Downward Upward Downward Upward Downward Downward . Downward (All rights reserved, Cambridge Assoclates, Boston.) High. 39 14% 95 1% £ (" 10874 115% 5 % 23 5% 224 109% 102 60 16% 1% 33U -- 61 6% 7 109'% 26% 8% 5l 23% 1% 247% 89% 1 25% & % 3% 13% 14% 8% 2% 16% 5 153 19 18'% 16% 6% 38 80 16 1% 1 21 40 56 27% 113 10% au % 23 2: 256% 2% 15 22 6% 51% % 15 3% 1% 14% 81 39 36% % 1% 19 2% 8% 6 51 105 46% 6 THE SUNDAY STAR. FOR WEEK ENDING NOVEMBER 28, 1931. —1081— Stock and dividend. 15 A o Steel (2) 4% Acme Wire 75% Adams Millis 1st pf (7). % Alr Inv Inc. vie. 41: Alr Inv conv pf % Air Investors war . Alabama Power pf /8). Ala Pwr cum pf (T)... # Alexander Indus 4% Ales & 12 Allied Int Inv c 3% Allied Mills Inc. . 66 Aluminum Coof Am. 75 Alum Co Am pf (6). 25 Aluminum Co. Ltd. .. 21 Aluminum, Ltd (B) war. 10 Alum G'ds M (1.20) ' Amer Austin Car. Am. Bakeries. A(3).. 13 Am Capital (A). % Am Capital (B). 46 Am Cigar Co. 661 Am Cigar Copf....... % Am City P&Lt (A) (a3). 4 Am Cit Po&Lt B(b10%) . 214 Am Cmwlith P A(b10%). 3 AmCom Pr B (b10%) 18 Am Com Pwr 1st pt A(7) % Am Corpn (£30c) . 3% Am Cyanamid (B). % Am Dept Stores. 5 Am Dept Stores pf (A). . 1% Am Equitfe: . 4% Am ForPwr 1 Am Founders. 324 Am Gas & Elec (1) 8 AmGasé& Elpf (6)..... 2% Am Investment Inc (B). 15 Am Inv. Inc, war. 20% Am Lt & Trac (2%). Am Lt & Trpf (1'2).. 4 Am Maracaibo % Am Natural Gas 4 Am Public Sve pf (7 3 Am Stat Pub Sve(al.60 4% Am Superpower. ... 63's Am Superpwr 1st pf 55 Am Superpo pf (6). 2 Am Transformer.. % Am Utll&Gen (P)vte. 1 Am ¥wette Co. Inc.. 1% Anglo-Chilean Nit. % Appalachian Ga % Appalachian Gas wr 1% Ark Nat Gas. 2 Ark NatGasA. 3% Ark NG cm pf (60¢).... 85 Arkansas Pwr&Lt pf(7) 11% Armstrons Cork.....ees 3 Art Metal Wks(b8%) 2%, ASS0s ec Ind (30¢). 5% Asso A(b2-26).... 42 Asso Gas & Elec ctfs(8), 10 Asso Gas&Elall ct 1.60. 50 AssoG&F 5 1 Assoc G & 16 Asso Tel U .. 2 Atlantic Coast Fisherte: & Atlantic Fruit & Sug. % Atlantic Lobos pf. . 213 Atlantic Sec Corp. 3 Atlas Plywood. . 3% Atiae Utilities Corp. 1w Atlas Ctilities(war) 2 Auto Vot Machin 5% Auto VM cvprpt 10 Aviation Securitie: 1% Bellanca Air v.t.c. 100 Bel $'3 Beneficial 1L (14%). 10 Bickford's. Inc (1.20)... 41 Bliss Co(EW) (b8%).. 1% Blue Ridge Corp. ... 20 Blue Ridee cv pf (a3). 50 Bohack (HC) (4). 4 Borne-Scrymser Co..... 7 Brazilian Trac Lt&P(1) Brill Corp A (340)...... 13 Brill Corp B. . .." 6% British-Am O11C (80¢). . 8% RBrit AT cou B (1.13 35¢) 13% Brit Am Tob reg 1.13 3 24 Brit Colum Pwr (A) (2). 39 Buckeye Pipe Line (4).. 22 Buffalo, N&EP pf(1.60) 14 Bulova Wevof (3%)... 23% Bunker Hill & Sullivan. 1% Burma Ltd rcts 127 3-5e. 2% Butler Bros... 1% Cable Radio Tub vto. 1% Cabl & W Ltd. A rei % Cabl & W Ltd. B re 114 Cable&Wire pf rets 15c. 1 Canadian Marconi % Carib Syndicat 18 Carnation Co (j1%) % Carnegie Metals. 25 Celanese 1st pf (7 14% Cent Hud Gas&El ( 87% Cen: 111 Pub Sve pf (6).. 71: Cent Pub Sve. Del...... 2 Cent Pub Sve(A)(b5%). 2 CentStates El (b10%).. 16% Cent WestPS Aalt. 31 Centrifugal Pipe (60c). ' Chaln Stor Development 6% Chain Stores Stock. .. .. 70 Childs Co. pt. (7). 5% Citles Service(g30c).... 35% Cities Service of (6).... 4% Citles Ser pf B (.60) 42 Cities Serv. B B.pf(6)... 69 Citles S Pr& Lt pf (). 1%4 Claude Neon Lights.Inc. 26% Clev Elec 1llum (1.60).. 106% Clev Elec Tllum pf(6). 215 Cleveland Tractor. % COION Ofl...v.sevuessee 1 Columbia Ofl & Gas vte. &% Colum Pictures (£75¢).. 4% Colum Pic v.t.e. (£75¢).. 130 Commwith Edison (8).. % Comwlth & Sou (war).. % Comstock Tunnel....cc. i« Consol Auto Mer ctfs... 1x Consol Auto Mer cum pf 1. Consolidated Copper-. ... 60 Consol Gas Balto(3.60). 2% Consol Gas Utility Av... 1% Consol Retail Stores. ... % Consol Theaters. . Cont § conv pf.. % Cont Sh vt (B). 27 Cooper Bessemer....... 81 Cooper Bessemer pf (A) 4% Cord Corp 5 Corp Secur of Chi (b6%) 1% Corroon & Reynolds. ... 13 Corroon & Rey pf (A % CosdenOll....... 1 Cosden Oil pf... 1% Creole Petrolenm. % Cresson Consol (4¢) 5 Crocker Wheeler. . 1% Crown Cork Intl (A) 20% Cumberland P L (2) 15 Cuneo Press (2% 1 Curtiss Wright war.. # Cus! Mex Mining. 12% Davenport Hos (2). % Dayton Atrplane & Eng. 81 Deere & Co.. 114 De Forest Radlo. . 1% Derby Ofl & Refin. . % Detroit Afrcraft Corp. 2% Doehler Die Casting. 34 Dow Chemical (2) 102 Dow Chem pf (7). 30 Draper Corp (4). 1% Dubilfer C 69 Duke Pow (5)...... % Duquesne Gas Corp. % Durant Motors % Duval Tex Sul. Zagle Picher Lead 8t G & Fuel Asso. st States Pwr (B). ern Util Asso(2). Low. 85 100 ). d & Sh (b6%) .« c Bond&Sh eu pf (5) Bond & Sh of (6) Slec Pow Asso (1) 5% Flec Pow Asso A (1)... 5% 21 P& L opt war. ctric Product 3% Elec Shareholdg (b6%) - 49% Elec Shareholdg pf(a6). 8 Elgin Natl Watch . 39% Emplre Gas&F em pf(7) 21 Smpire Power pt (2.24). 3% Empire Pub Sve (A). Europe Elec, Ltd A(60c) % Euro Elec, Ltd deb rts. . % Fageol Motor. ... 1% Fairchild Aviation. 20 Fajardo Sugar... 1% Fansteel Prod. . 2 Fedders Mfg €6 (A). 1 Federated Capital 11% Federated Cap cum pf.. 7 Federated Metals. 5% Fiatrets (94%c). .. . 101 Fire Assn Phila (1.60). - 4 untkote Co (A). 80 Florida P & L pf(7) 1% Foltis-Fischer Corp 8% Ford Motor, Can., A 19% Ford Motor, Can,, B 5% Ford Mot Ltd (36 3-5¢) % Foremost DairyProd. % Foremost Fabrics. 1% Foundation For Shs, % Fox TheatersClassA . 3 9 Garlock Packing (1.20).. Hign. 17 4% Low. Close. 17 4% 85 % % N 85 17 4% 85 Y% 5 % 85 100 % 4 12 4% | | +4 T+ *tieitteit i I e P EEEEL & WASHINGTON, " D. C., —1031.— High. 10% 12 1% 18 ki) 64 31% 100% T4 35 60 9 2 1% 23% (3 29% 260 122% 20 CEY Stock and dividend. Gen Alloys. ... General Aviatios Gen El Ltd rets 36 4 Gen Empire Corp (1). Gen Gas&El cv pf B (6). Gen Leather Co. ... Gen Theat Equip cv pf.. GeorgiaPowerpf (6) 4 Gerrard (SA) Co. . Gilbert (A C) pf (3%).. Glen Alden Coal (4). . Globe Underwr (15¢) Golden Center. . . Goldman Sachs T C..... jorham, Inc. PY. ¢ Gotham KnitbacMch. ... Graymur Corp (1). Gt A&P Tea non vot 6% Grt A&P Tea pf (T)..... Grier Stores pf S Groc Strs Prod Ground Gripper. Gulf Ofl of Pa (1%) Hamilton Gas v.t.c. % Happiness Candy. %« Mo- Hartman Tobacco. . Hazeltine Corp (1) Hecla Mining (40¢). Heyden Chem Corp (2). Hollinger Gold (170¢) Horn&Hardart(2%) Hudson Bay Min & 8. Humble Oil (+234)... Hydro Elec Secur(1.20). Hygrade Fnod Prod Hygrade Silvania Corp. . 11l Pwr & Lt pf (6).. Imp Of1 of Can (50¢). Imp'l Tob GtB&T (1.12). Indiang Pipe Line (1)... Indian Ter It O A Ind Terr Illu O] (B) Ingull Inv (b6%)..0euns Insull Util 2d pf(6)..... Ins Co of No Am (12%). Insurance Security..... Intercont Pete new. Intl Holding & Inv Intl Petroleum (1) Int Safety Razor (2). Int Superp (11.10). . Int Utilities A (3%) Internatl Utilities (B) .. Internatl Utilities(war) InterstateFquities. .. Interstate Equity v pf.. Interstate Power pf (7). Irving Air Chute (1) Itallan Superpowr A..." Jersey Cent P&Lt pf(7). Kerr Lake Kleinert (1 B) Rubber. . Khott Corporation (1) Kolster-Br(Am shs)..., Kress (SH) sp ot (60c). Lackawanna Sec (4).... Lake Shore M (12.80) ... Lakey Fdry & Mach. Land Co of Florida... Lefcourt Realty 1. LefcourtRIty of(3)..... Lehigh Coal&Nav(1.20). Leonard Ofl.. Lerner Stores (2). Libby McNeill & L. ..... Lion Oil & Refining..... Lone Star Gas n (88¢) Long Island Lt (60c). .. Long 1sl Lt pt (7). Louisiana Lan & Ex MaedalenaSyndicate. Mangel Stores pf. . . Marconi I M (87 1-10c). . Mass Util Asso. .. g Mass Util Assocv pf 2% Mavis Bottling (A)..... Mayflower Asso (2). May Hos cum pf (2) McCord Radiator B. Mead Johnson (15). Memph N G Co (60c). Merritt Chap & Scott. bilron...... a Machine (2).... Met Chain Stores. ...... Middle Sts Pet vtc A 22¢ Mid Sts Pet v.t.c. B..... Mid West Util (b8%)... MidWest Utcv pf(6)... Midland Steel Prod (2). Minne-Honey pf (6).... <an Pipe Line. " Mo-Kan & Pipe Line (B) Miss River Prpf (6).... Moh Hud P 18t p£(7). Moody's Inv Sve pt pf Morgan Lithograph. Mtg Bk,Col Am Sh(96c). Moss Gold Mines. ¥ Mountain & Gulf. . Mountain Products (1). Murphy Co (1.60). at Bancservice. at Bd & S Corp (1)... Nat Dairy Prod pf A(7). 4 Nat Elec Power A(1.80). at] Food Products (A). at Food Prod (B)..... at Fuel Gas (1). Natl Pwr & Lt pf (6). Nat Pub Serv (A) ¢1.60) Nat Pub Sve pf (7). Nat Rubber Mach. Nat Service Co. Nat Sh Term Se: Nat Sugar NJ (2) vat Union Radio. . ehi Corp.. . ehi Corp pf (5%). Bradford Oil. New Eng Pow pf (6).... New Jersey Zinc(13). New Mex & Ariz Land Xewmont Mining. ... “w Process Co. Y Merchandise (1). N Y Pwr & Lt pf (7) N Y Shipbldg Corp N Y Steam new (2.60) N Y Tel pf (6%). N Y Transit (11) . H. Power (40c) H. Pwr A war.... Niag Hud Pwr (B) war. 4 Nlag Shares, Md (40e). . Niles-Bement-.Pond (1) Nipissing..... . Nitrate Co) e Noma Elec Corp (40c).. Nordon Corp Ltd. . North Am Utfl Se€..... Nor Central Texat . North & Sou AmCor p A. Nor European Ol Corp. . Nor Ind Pub Sve pf(6).. Nor Pipe Line (t4) North Stat Pwr A(! Nor States Pwr pf (6).. North S Pow pt (7). % Ohlo Copper.... Ohio Ofl n (cu)pf (6). Oilstocks Ltd (A) Outboard Mot (A). Overseas Sec. . PacG&E 1stpf (1%).. Pacific Lighting pf (6).. Pac Western Oll. Pan Am Airways. Pandem Ofl...... Pantepec Of] Paramount Cab Mfg. Parke Davis (11.65 Parker Rust P(13%). Pender (D) Gr A, (3%). Pennroad Corp (40¢). Penna Gas & Elec A. 4 Penna Pwr & Lt pf(7) Penn Wat & Pwr (3). Peoples Lt & Pwr (A) Pepperell Mfg (4)...... Perryman Electric. Pet Milk pf (7) Phila Co new (11.40) Philip Morris Inc. Phoenix Secur Corp. . Phoenix S Cpt (3).... Pledmt Hy-El bond rts. . Plerce Governor. ....... Pilot Radio Tube(A). . Pitney Bowes P (b4%).. Pittsbgh & Lake E(110). Pittsbgh Plate Glass(2). Plymouth Oil (25¢)..... Polymet Mfg. Poterero Suga e Pratt & Lamber e Premier Gold (12¢)..4.. Prod Roalty (b10%) Prudential nv.... Prudential Inv pf(6).... Pub Serv Ind pf (6)..... Public Util Hold war. Pub Util Hold Corp xw. . Pub Ut HCpeum pf.... Pure Oll pf (8) Railroad Shares(40c). .. Rainbow Lum ProdA. Rafnbow Lum Prod B Reliable Stores. Rellance Intl (A). Reliance Int Corp( Rellance Management. . Republic Gas Corp. . High. Low. Close. 11 3 T 121 24% 1% L 138 180 121% 8 11% 424 39 3 99% 4% % 1% 10% 271 25% 83 33% 8615 93% 98 1% 3 ™% 124 22% 1% 1 834 1% 30 14 2% i 12% 22% NOVEMBER- E IS B gt AN AEERN YR B S 1+ YNty Pl+l4+++1+ RERE & +1 1t I++1 1+ +i Ll 11 1%) t+le 1L LIE1ED [N FEe2F +1 ¥ OEF [ [N - ¥ 29, 1931—PART - SIX. Stock and dividend. Reybarn Co. Reynolds Invest. Richfield Oil of Cal pf. Richman Bros (3). Roan Antelope Min R'kland Lt & P (90c) . Safety Car Heat & Ltg. . St Antony Gold... St Regis Paper (60¢) Salt Creek Prod (1). hiff (The) Co (2). Seaboard Util (28¢). Sec Allied Corp (1). Secur Corp Gen(40c). Segal L & H (a50¢) Selby Shoe (1.40) Selected Industries. ... Sel Indus allot ctfs (5%) 4 Sle Ind prior (51%). . Sentry Saftey Control Shattuck Den Min, % Shenandoah Corp. Shenandoah Corp pf. Sherwin-Williams (4) Singer Mfg Co (116) Sisto Fin Corp. Smith (A. 0.). South Penn O (1) SoCal Ed pf A (1%) Sou Cal Ed pf C(1%). Southern Corp. 1 Southeast G&Wt (A)... 4 SouthernNat Ga . uthn New Eng Tel(8). 130 Union Gas (b8%). . Scuthland Royalty(20¢) 4 Sou West Bell Tel pf(7). 1184 80% Sou Wn G&E pf (7)..... So West Gas Utll....... 1 Spieg May Stern pf 25 Stahl & Meyer, Inc Stand Invest cum pf Stand Motors Stand Ol of Ind( 1). Stand Oil of Ky (1.60) tand O1l Ohto(2%). ... Stand Oil of Ohio pf (5). Stand Pwr & Lt (2)..... Stand Pwr & Lt (B) (2). Stan Pow & Lt of(7)... and Screw (4).. ¢ Starrett Corp. . Starrett Corp pf (3).... Stroock & Co. Stutz Motor Car. Sun Invest pf (3) Sunray Oil. Swift & Co new (2). Swift Internat'l (14). Swiss Amer El pf(6) Syracuse Wash Mch(B). Taggart Corporation.... Tampa Electric (32).... Technicolor Inc. .. . Teck Hughes G M(165¢) . Tenn El Pw 18t p£(7)... Texon Oil & Land (1)... 2% Thatcher Sec Corp. 15% Thermeid Co cum pf.... 14% Tobacco&Allied Stks. ' Tobacco Prod Exp (1 314 Trans Air Trans. 1% TransLux DL PS. 1274 31 46 39% 1% 8% 13% 34 FINANC Stoce Tri-con! Tri-Ut Un Gas UnionT Unit Ch AEN Unft For G % United U 8 Dai T+ U S Fin U S Foi US Lin 1 1y % 1 Utica G % Utility utility Utility Utility Van Ca PEL L L+ 4 Vick Fii Walker, Welch C & Wende % W VaC 4 Wester 25 Wester 9% 2 % % 5% 1% Piet 4001 Wil-Lo Wilson Winter Wright “Y"on Yukon Comwl Pub Svi Dividend rates anpual payment. in in Unit Amer Unit Corp war. .. Unit Dry Dock. Utd Gas Corpn. Unit Gas Corp war. . United Gas pf (7). Utd Light & Pwr A Utd L & Pwr (B) (1).... Utd Light & Pwr pf (6). United Public Servic Un Shoe Mach (+313) U S Dairy (A) (6).. U S Elec Power ww. .. U S & Interntl Sec. U S Inter Sec 1st pf. U S Radiator. % U S Playing Card (23).. Unit Stores v.t.c... Unit Verde Exten (1). Unite Wall Paper Utah Pwr&Lt pf Util Pwr&Lt (at1 Ut P&L B(at1.02%). Util & Ind pf (1%).. Van Camp Packing pf.. Venezuela Petroleum. Walker Mining 4 Watson (JW) Co z Wes'ern Power pf 7)., Woolworth (FW Rad-K-Orph. *Ex-dividend, 1AL, and dividend. tin‘l Corp war. lities. Tubize Chatel. B. . Tung Sol Lamp (1). Ungerleider Fin Corp... of Canada(1). Union Oil Assoc (2).. Un E L&Ppf (Mo) (7) ‘obacco. Ttili a2 em pt pf (3)... unders. ‘s Reessrie 1 e o T o @ Profit Sharin, ry B.. Holding. 1Co B (50¢c Q9 es pf. . FELEF FiF - Elec pf (T "% & Pow & Lt pf (7). & Ind.... Zquitt Equity p! mp Pack.... FPExLiN i o nancial (30¢) L H (25¢) . ¥ REFIE EP¥ 1+ - Grape Juice (12). n Cobper. 0al & Coke. n Air Express. n Md pf.. ++1 w Cafeteria: Jones. (Ben) E Rl K EEFER FPE )Ltd 36c Hargra (12%c) &Gas.. Gold Co i RIGHTS—EXPIRE. th Ed .Dec 15 34 cNTI .. Feb 1 4% Dec 21 % in dollars based on la: TPartly extr zable in stoc us 6% Plus 0% 2% % % . quarterly or semi. 3Plus 4% in stock. e Adjustment divi- in stock. hPlus 1% in in stock. mPlus 3% In stock. stock. K in stock. D Paid last year—no regular rate. ‘| AUTOMOBILE SALES - T0 DEALERS DROP Factory Figures Show 80,142 Machines Disposed of Dur- ing October. Factory sales of automobiles manu- factured in the United States in Octo- ber, according to statistics released yes- terday by the Census Bureau, established & new low mark for the industry. The bureau figures show 80,142 factory sales during the period, which is a reduction of 60,424 when compared with the out- put for the preceding month, and 74,- 259 below the figures for October, 1930. Yet these low figures find the trade optimistic, for. dealers report the stocks of automobiles on hand are the lowest in many years. This they attribute to the adherence of the industry to manu- facturing only enough cars to meet ac- tual demand. Replacement Demand. ‘The trade further contends that the replacement derand, after two years of reduced buying, will, in itself, call for a great number of cars. The bureau said it has based its fig- ures on reports received from 144 manu- facturers, 42 making passenger cars and 113 making trucks (11 making both passenger cars and trucks). Of the general total 57,764 passenger cars were sold, 51,373 less than in September, and 55462 less than in October, 1930. A total of 21,727 trucks, which in- cludes ambulances, fire trucks, funeral cars, street sweepers and busses, were sold during the month, 9,611 less than in September and 18,866 less than in October, 1930. The taxicab output showed a decided increase, a total of 651 being sold during the month, 510 more than in September and 69 more than in October, 1930. The Census Bureau's table is as fol- lows for sales of automobiles, exclusive of taxicabs, manufactured in the United States: Passenger, 1929, cars. January February March Apri May Total Trucks. X 53, October Total (10 November December Total (vear) 1930, January February March April May 5.020.840 17,573 120,007 . 5,358,420 213.221 330,414 mos.). 1¢ | June 3 g e wre July August Septembe: October Total (10 mos.). November ...... December : Total 100.532 120,833 (year)... 2.775.809 Augus September X October . 80,142 Total (10 mos.). 2,199,330 1,822,117 Canadian Sales. Factory sales indicators for Canada continue also to decline, according to figures supplied the Census Bureau by the Dominior Bureau of Statistics. ‘Total sales for October were 1,440 au- | tomobiles, of which 761 were passenger cars and 679 were trucks. This total is a reduction of 1,206 automobiles from the preceding month'’s figures and 3,101 less than those sold in October, 1930 For the 10-month period of this year Canadian factories sold 78,942 automo- biles, which was 64,221 less than sales recorded during the like period of 1930. EARNINGS REPORTED. NEW YORK, November 28 (#).—Per- share earnings of corporations report- ing this week, with comparisons with last year, include: Ten_months, October 31— Boston & Maine R R 1t bf. Bunsor & Aroostook. ... 373321 Chicego Great Western Maine Central . Missouri-Kansas-Texas pid . New York Chi & St L R R pf . N Haven & Hartfd Perfect Circle ...... : Pittsburgh & W 'Vire Texas & Pacific R R Virginia Railway Twelve months, Commonwealth & Southern. United Gas Improvement Six months, October 26— Thompson-Starrett .. Six months, September 26— Pizst National Stores. Paper Co.. 5 Nire months, September 30— Ritter Dental MIg .... e =S AroanroomN 85 23V8253888 Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., November 28— Owing to the lower prices prevailing receipts of live turkeys were not suf- ficlent to meet the demand at commis- sion houses for Thanksgiving, which s greater than expected and all avail- able supplies cleaned up readily at good prices. While the market holds steady, the demand as usual following a holiday is light at 30 to 32 cents a pound for young hens, 8 pounds and over, and young gobblers 12 pounds and over, but old hens and old toms will not bring over 25 to 27, while crooked breasts are neglected at 20. ‘The market for other live poultry while steady shows a decline of a cent or two a pound and receipts generally ample for the demand. Mixed, colored, young chickens, are bringing 20 to 22 and. horns, 17 to 20, but poor, thin stock, as well as bare backs, move slow at 12a13. Medium to large old hens, 4 pounds and over, in better demand than last week at 20 to 22, with smaller bringing 17 to 19, but Leghorns will not bring over 15 and 16, while all poor, thin fowl is neglected at 12 and 13. Old roosters in liberal receipt and show no change from last week at 12 and 14. A fair demand prevails for fat, young ducks at 18 to 20, but poor, undersized stock is hard to place at 12 and 13. Demand for geese has eased off and prices are mostly in buyers’ favor at 15 to 18. Guinea fowls and pigeons hold steady and show no change from last week at 25 to 50 each for the former and 25 to 30 a pair for | both young and old of the latter. Egg Prices. Although receipts of native and near- by eggs cannot be termed heavy, they are reported more liberal and while prices hold steady the market is gen- erally easy in tone under a light de- mand. Nearby stock of first quality that have the size and freshness, weigh- ing 55 pounds to the case, moving bet- ter than any other stock at the mo- ment, but small pullet eggs of all vari- eties have to be sold at much lower prices to move out. Hennery whites, 55 gounds and up, are preferred at 34 to 36 per dozen, with nearby candler firsts bringing 30 to 32, but current receipts will not bring over %8 to 30 and small pullet eggs are generally neg- lected at 22 to 25. Vegetable Quotations. White potatoes are in moderate re- ceipt, but with demand slow the market is dull and easy at 75a1.00 per 100 pounds, with number 2 stock not wanted at any price. Sweet potatoes and yams show no change from last week at 1.00a1.25 a barrel for the former and 1.25a1.75 for the latter, but ungraded mixed stock will not bring over 75a90. Native and nearby garden truck con- tinues in liberal receipt and with the increasing receipt of southern veget- ables demand is gradually easing off and prices mostly in buyers' favor at the following quotations: Beets 2.00a 250 hundred; carrots, 2.50a3.50 hun- dred; onions, 1.75a2.00 per 100 pounds; oyster plants, 4.00a5.00 hundred; pumpkins, 3.00a10.00 hundred; spin- ach, 30a60 bushel, and washed turnips, 15a25 hamper. Rabbits continue in light receipt, especially good, clean, fresh killed stock, and the market holds firmer. Some of the stock arriving very dark and sticky, which is being condemned in certain instances and correctly. Shippers should pay particular atten- leant lore g ipped. Choice, nearby rabbits will bring 4.50a5.50 a dozen and fair to good, 3.00a3.60. Only rabbits shipped from out of the State, with the exception of Garrett County, can be sold on the Baltimore mark« It is unlawful to receive on consign ment or offer for sale any character of game except rabbits within the State. Live Stock Market. ‘The live cattle market continues dull on the wharves with most of the re- ceipts being of common to ordinary stock and only first quality cattle at- tracts attention. Common to ordinary cattle continue slow sale at medium prices, and it takes choice to fancy stock to bring top prices at the fol- lowlnul quou;wndlmu: Gl‘!:el7 l/c ttle, first quality per 15a7%; common to medium, 4a6; bulls as to quality, 3a5; cows, choice to fancy, 4a5; com- mon to fair, 2a3. Oxen, as to quality, 3a5; calves, veal, cnoice, 8; large, fat, 6a7; large, rough, 412a5; common, thin, 3a4. Sheep, 11%a 2!5. Spring lambs, choice, 515a6%:; fair to good, 3a5. Hogs, straight, 5a51z. Sows. 4a4l:; stags, 2a3. Live pigs. 10alZ. Shoats, 8al0. BALTIMORE STOCKS. Special Dispatch to The Star. BALTIMORE, November 28— S Arunder”Coporation rundel - 238 Baltimore Trust Co Mary) Casualty 477 New Amsterdam Cas. Co COTTON PRICES GAIN AT SHORT SESSION Trade Buying Is Factor in Pre- moting Rallies—Closing Tone Steady. By the Associated Press. NEW YORK, November 28.— An opening decline in cotton today under southern and local selling, was followed by rallies on some trade buying and covering. . January contracts, which had sold ofi to 601 under the early pressure, advanced to 6.11 and closed at that figure, with the general market closing ;fieard net 1 point lower to 7 points ighe: ‘The opening was steady, 1 to 4 points lower, and offerings increased slightly right after the call, owing to the lower opening in the stock market and the weakness in Liverpool. December sold off to 596 and May to 6.35, mlki.n{ net declines of about 3 to 6 points, but the offerings were comparatively light, as there seemed to be very little selling by the South. The failure of the weakness in the stock market to bring out more liquidation was con- sidered an indication of an imj technical condition, which probably led to some covering toward the close. A little more trade buying also developed, with December selling up to 6.06 and May to 6.43, or about 2 to 7 points net higher on active months. Closing quo- tations were a point or two off from the best on the later positions under realizing. ‘The opening decline here was only a partial response to the weakness of Liverpool, where prices were several points lower than considered due on the New York close of y. Liver- pool cables attributed the decline to hedging and general liquidation pro- moted by weakness in Alexandria, while lower sterling was another factor. Egyptian cotton futures in Alexandria were 25 to 48 points net lower. Distribntilmjf Assets. NEW YORK, November 28 (#).—A plan for distribution of assets of To- bacco Products Corporation is under- | stood to be ready for announcement to stockholders early next week. The plan is said to provide for formation of two new companies, one of which will in- volve the lease of certain brands to the American Tobacco Co. and will issue Collateral Trust 612 per cent deben- tures covered by deposit of the lease. The second of the new companies will receive United Cigar Stores common stock held by Products and other miscellaneous assets of Tobacco Products, and also the stock of the company holding the lease. SHORT-TERM SECURITIES. (Reported by J. & W Seligman & Co.) Allis-Chalmers Co. 5s 1937 American Chain Co. 6s_1933 American & Tel_ 5138 Amer. ks. & Ei. 5s 1934 Baltimore & Ohio 4155 1933.... Belding Hemingway Co. 65 1936 Bethlehem Steel Corp. 55 1936, Canadian Nor. Rwy. 4135 1933 Chi. Northwestern R. R. 55 1933 . Chicago Rock Island 45 1934... Cleve. Lor. & Wheeling 55 1933 Colorado & So. Rwy. 4'as 1935 Commercial Credit Co. 5izs 1935 Delaware & Hudson Co. 3s 1935 Seaver® Rio Grande 414 18 Gen. Mot. Accep. Corp. s 19 General Petroleum Corp. General Public Service 5! Grand Trunk of Canada Houston E. & W. Texas 55 1933 Humble Ol '5'2s 1932. Laclede Gas Light Co. 85 Louisyille & Nashville 55 193 New Cent. & H. Portland General Republic Iron & Sinclair Crude Ol Co. 5 Southern Pacific 5s 1934, St. L. LM.S. Ry. R.&E. 45 19 Unior: Elec. Lt. & Pow. 55 1933 1 ‘Wabash Rwy. Co. 55 193! FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checks value. today. e, crown (nom.) Warsaw, zloty ...... Copenhagen, crown.. Oslo. < TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co.)