Evening Star Newspaper, December 4, 1931, Page 14

FINANCIAL. HE EVENING STAR, BRSKATOSALES| "NEW YORK STOCK EXCHANGE WASHINGTON, D. (., President of General Motors Believes Basis for Pros- FRIDAY, DECEMBER 4, 1931. Lib 3383247 9 28 9926 99 2 e i o B2 40 40 40 9317 925 o5 |1l CCSILEN 434 32 CANCTAL, BOND LIST SHOWS | [ox mew vomx_ BONDS smocx sxeuncs] ] (AN |§ HOPEFUL STRUNGER Nn Private Wire Direct to The Star Office 27| 11 Bent Ten 5056, L o 111 CCStL&N 68 A 42 ever—Trading in Moder- 515 975 |MStesl (a0 " UNITED STATES, Hieh. Low. 1“' UN TRADE UU."-UUF (Sales ars in $1.000.) Hud & Mresa’s1.. 1oas b Sales High Low. 238 |Humble O5%s'33. 23 100% 1004 100% 1 Weak Spots Remain, How- usss%um- 80 9114 9010 90 ro |l Cent 4% -6s.... & s 976 ovg |mniand sty 73 Sinclair O1l pf (8} 3% Skelly Oil.... 5 10 Skelly Oil of ww DRIV IS PLANNED, e o e s Hl.nhll E)ev std (7). 30s ¥arious Companies Will Soon 22 7% Market St Ry pr pf.. 32% 13% Marshall Field (2%) - ek and Bales— e 10% sunuck(mnnm 28 . Rate. Add00. High Low. Ol 3% Sh Union O1l.... 1 ol 8% ManhatElev mod gtd 24% 12% Marine Midid (1.30). 6% 2 Market St Ry 2d pf. . Put New Models on 32% 10% Marlih-Roekwell (2) the Market. 31l 14% Mathieson AIKill (2) BY DAVID J. WILKIE. ‘Written for the Associated Press. DETROIT, December 4—1If develop- ments of the past few weeks may be taken as real “signs of the times,” the automobile industry is girding itself for "R period of competition keener than any it has experienced in recent years. #rom the high-priced field down to the Jower-priced bracket manufacturers seem to have vied with each other in an effort to offer in the new models ‘Yow being introduced all the latest de- Yelopments of the laboratory and at the same time avold price increases. Refinements undreamed of & few years #R0 are being i rated into the new ¥odels, and im-addition to giving better cars for the same or less money, some manufacturers who heretofore have con- fined their efforts to the middle-price brackets are known to be planning models with which to try for some of the lower-priced business. Studebaker's sponsorship of the re- cently announced Rockne six was offi- clally confirmed this week. The car is 1o be produced in Detroit by the Rockne Motors Corporation, & wholly owned Aubsidiary of Studebaker. The an- nouncement marks the South Bend gmpsny's entry into the low-priced eld. Lower-Priced Field. The importance of the lower-priced field is apparent from the fact that the several companies comprising it account for close to 75 per cent of the annual Dbusiness done by the motor car industry. | In previous years keen competition meant price cutting, but, aside from a few 1nstances of slight downward Tevisions on s‘me models and possibly & slight upward tendency on some of the medium and high priced cars, no 39 21% May Dept Strs (2% ) 71% 40 Maytag Co 1st pf (6) 34 18 Melville Shoe (2). 8% 2 Mengel Co. 16% 5 Mid Contin 31% _ 7 Midland Steel (3). s T 1% Minn Moline Pow.... 11% 1% M StP &S S Marle.. 26% 54 Mo Kan & Texas. 85 15 Mo Kan & Tex pf (1) 42% 8% Missouri Pacific.... 107 20% Missour! Pac pf (5). 29 16% Monsanto Chem (1% ) &% Montgomery Ward % % Mother Lode. ... 4% % Motor Meter G & 4% 15 Motor Products (2). 19% 6% Motor Wheel (50€) 36% 8% Mullins Mfg. .. Nat Biscuit (2. tn), Nat Cash Reg A 1% . Nat Dary (2.60).... Nat Dept Strs 1st pf. Nat Dist I'rod (2). 4 Nat Lead (15%). Nat Pwr & Lt (1) Nat Stees (2). Nat Supply Co. Nat Supply pf Nat Surety (2).. Nat Tea (1).. Netsner Brothers Nev Copper (80¢) Newton Steel. N Y Central (4) Chicago & St L. NH&HDpf (7). Ont & Western. . Steam pf (6) 251 68 a2 4% g2 srryseney A A NN N Y Steam Ist pf(7). 99 99 106'% 106% | B3 12 Sloss-Sheff Steel pf.. 10 49% Solv Am pf ww(5%) % Snider Packing....., 10% Socony-Vacuum (1) 4 7 South Port Rico Sug. 3 28% Southn Cal £d (2) 7 31 Southern Pucific (4). 47 8 s 0 1 5 s 5% Sinclair Consol Ofl. . . 33 4 1 1 1 9% Southern Rwy (m6). 9 14% Southern Ry pf (5).. 3 3% Sparks Withing (1).. 12% Stand Brands (1.20). 31 2 Stand Comcl Tobacce 2 29% Stand Gas&El (3%). 21 41 Stand Gas&El pf (4). 5 3 Stand Invest Corp,.. 102s 28% Stand Ofl of Cal(2%)3620s 88% Stand Oll Exp pf (6) 1 844 Stand Ofl of Kansas. 1 28% Stand O11 NJ (12), .. 8 Starrett (LS) (80c).. 1 Sterling Secur (A).. 2% Sterling Secur pf. .., 19% Sterling Secur cv pt. 4% Stewart Warner. ... 12% Stone&Webster(m2). 9 Studebaker Co(1.30) 26% Sun Ofl (1) 15 Superheate; % Superior Oll. 3% Superior Steel. 1_Symington (A) 124 Telautograph (1.40). 2% Tennessee CoroR. 15 Te: 20% Te: ) 2% Tex Pacific Coal&Oil 4% Tex Pacific Land Tr. 5 Thatcher Mfg Co. 2 Thermold Co 5% Third Avenu . 6% Thompson Prod 1.20, 1 Thompson Starrett. . % Thomp-Star pf (3% ) 3% Tide Water Asso Ofl. 201 Tide Water As pf(§) 4 Timken-Detroit Axle 19% Timken Roller B(2). 1% Tobacco Products. .. 7 Tobacco Prod A t95c 3 Transam 1c- Cnrn.. 3 51 Tri-Contl Lorp pL(6) AT g Inland St 434s B'$1 ate Volume. . ’,‘ 19030 1992 |Int Rap Tr 6566 . BY F. H. RICHARI N. Special Dispatch to The Star. NEW YORK, December 4—While there were still many weak spots in the bond market today, there were suffi- cient evidences of strength in both the foreign and domestic departments to demonstrate that there was a better undertone. Trading was in moderate volume. The opening was firm, and for a time virtually the entire list advanced nar- rowly, but when stocks hesitated the bond list turned irregular. Rails were helped by many reports that difficult situations had been cleared up by bank- ers. One factor contributing to this new optimism was the application of the New York Central to issue $100,- 000,000 of refunding 5s, due in 2013, for the purpose of using it as collateral against short-term notes. The road's bank debts are reported to be around $50,000,000. These, it is presumed, will be paid and the remainder of the new bonds used as security for short-term loans to provide working capital. New York Central 5s, outstanding bonds of the same mortgage under which the $100,000,000 will be issued if approved by the Interstate Commerce Commission, opened up 7 points from ‘Wednesday's low. The road announced that none of the new bonds will be offered to the public. This served to check fears that other Central issues might be depressed in competition with the new bonds. New York Central 6 per cent bonds, due in 1935, were off 3 points to a new low, however. Appointment of a receiver for the Ann Arbor Railroad caused a sharp drop in the road's first 4s. These have for some time sold at prices reflecting .13 104 24 ADitibl P&P 6s°53. Ab&St5% "43.... Adams Exp 4543 Alleghany Cp 65 44 Allegheny 5s°49. Allegheny bs '5 Am Beet Sug 6s Am1IGChb%s 43, Am Intl6%s'49. ... Am Metal 53 s34 Am N Gas 6% 7 Am S&R 1st 5847, 17 Am Sug Ref 6537, 2 AmTETcv %839 15 AmT&T6s'65... 165 Am T&T c tr 65 4. Am T&T 63 s £ 60 Am T&T 53543, .. Am Wat Wks 6s 75 Am Wr Pap 6547, Argentine 55 '45 Arrentine 61 Argentine May * Bl Argentine 6s Ju's9. Argentine 6s Oc'59. Argentine 6s A '57. Argentine 6s B '58. Arm & Co 4%s'39.. Arm Del 5345 43, Assoc Oil 63 '35 Atchison gn 48 '95 Atchiscv 4% AU CL 1st 4852, At Ret ab 5837 ralla 434556 Au.mu- 58 '55. Australia 53 °57, Austria 7543, Austria 7s ‘67 ctfa. 104 12 104 12 Sales. High. Low. 2:55 4 38% 37 37 71 Int Rap Tr sta '§ Int Rap Tr 7s 32 Int Cement 58 '48. . Int & Gr Nor 5856, Int Hydro El 65 ‘44 Int M Co Gs ret'1.. Int Match 5s '47 2 Int Pap 6s '56. [nt T & T 58 '55. Ttaly 7s°51.. Italy Pub 8 7s Japanese 6%4s Japanese 6%s '5. Jugosl Bnk 78 '5 Kan City Sou 35’50, Kan City Sou 58'50. Kan City Ter 45°60. Kan G&E 4%s'30. . Karstadt 6s 43, Kreug & Toll 6. Lackaw St 58 '50. .. Laclede 5%s C'53. . Laclede 5%s D '60. Lake Shore 3148 '97 Lautaro Nit 63 ‘54. Leh Val cv 48 2003 Lig & Myers 78'44.. Loew’s s ex w '41. Long Islrf 45°49.. Lorillard bs Lorillard 5% Lorillard 78 '44. La & Ark 5560 Lou G & El 58 52, ., Lvons 65 '34.. : McKes & R 5% %50, Manh Ry 1st 45’90, Marsellle 63 °'34. ... Midvale Stl Gs '36. Milan 63552, Mil E Ry & L 5% ‘61 Mi) E1 Rv&Lt 68 *71 M StP&SSM en 4s. M StP&SSM bs gtd. MK & T 1st 4% '90. MK & T 45 B'62 perity Is Being Laid. By the Assoclated Press. NEW YORK, December 4—Alfred P. Sloan, jr., president of General Motors Corporation, believes the country is building the foundation for a still greater and more stable prosperity. In a statement to stockholders, which accompanied the company's pamphlet report of third quarter earnings, Mr. Sloan states that the automobile indus- try is in the strongest position in its history. The statement of earhings shcwed no change in the preliminary figures previously published. For the third quarter net earnings of $13,333,214 were shown, after deduction of preferred dividends. A balance of $10,989,062 was earned on the common stock, equivalent to 25 cents a share, compared with $23,108,728, or 53 cents a share, for the same period of last year. Quick Assets. The company’s cash, United States Government and other marketable se- curities on September 30 amounted to $264,107,166, compared with $179,037.- 171 December 31, 1930, and $202,064.960 September 30, 1930. Company’s total sales to dealers during the third quarter amounted to - 215,649 cars, against 244,378 for the same quarter of 1930. In his comment Mr. Sloan said: “Notwithstanaing the very subnormal rate of operations at which the auto motive industry, in common with all other industries, is operating, I might at this time reaffirm the statement that I have made before to the effect that the motor car is today in the strongest position in its history from the stand- point of having become an economic necessity.” As to the destructive and construc- tive features of the present period of subnormal business, he adds: “From the standpoint of the latter, it anticipation of a receivership. The news, however, brought a new burst of | Bk of Chile 5 selling in rail stocks and bonds, with | BX Chile 6%s'61.. losses of 1 to 5 points in Baltimore & | Belsium 6s ‘5 Ohio refunding 5s, St. Paul 5s, Chicago & Northwestern 41s, Rock Island m;. Erie 8s, Missouri-Pacific 4s, 55 and 5155, | Belgium 78 '5¢..... & Nickel Plate 415, Northern Pacific Bell Tl Pa 62 B '48 Bell Tell Pa bs C'60 Southern Ralllwey 83 and many athertiEoit RO KT CTeD M K & T adj 55 '67. MK&T pr In 6sA’62 Mo Pac gn 45 '75. .. Mo Pac 58 A *65. Mo Pac bs F '77 Mo Pac 653G '78.... Mo Pacrf6s'81... Mo Pac5%w A "4 Mont Pow 58 '43... Montevideo 7s '52. . Nat Dafry 5% = *43. Nat Steel 55 '56... ., Nw S Wales s 'A7. Nw S Wales bs *5: NYCgnials 97.. 3 NY Cent 4598, ... N ¥ Cent dh 424, N Y Cent 41452013, NYCrf4l%s2013, NYCrfims must be recognized that there has been brought about an elimination of the inefficiency, waste and false thinking that accompany periods of intense and prolonged. prosperity and inflation, Sees Greater Prosperity. “Equally important is the fact that out of the situation problems have arisen the recognition of which is sure to mean progress in our industrial development. Out of it also is bound to come a great acceleration in technical progress. “All of these factors mean nothing more or less than the building of the foundation for a greater and, 1 belleve a more stable prosperity.” RECORD IN OFFICE VACANCIES REPORTED Survey Shows 18 1-3 Per Cent of Available Space in 41 Cities Is Untenanted. Noranda Mines. ... 13% 144 24% Trico Products(2%) Norf & Westn (112). 1281 128% 28 Underwood-BII-F (3) develop shertly after the first of next i NOtthAm A At 8 40 DA e 64 Union Bag & Paper.. month, when all the contemplated new i 5::::‘::2;2:)“) 34% 35% 27% Union Carb & (2.60). D iroduction o the Tew Pora.cas. 15 &7 North Am £d pt (6). 2 9 761 Unlon bacifa (101, ing awaited with considerable inter- 17 Northern Pacific 3) 1% 17% Union Pacific pf (4). €st, bullt up in no small degree by the| 2 % Norwalk Tire & Rub. 1 1 1 Un Tank Car (1.60)., numerous rumors that have been cir-| 1915 6% Ohlo Oul. . 4 q Cnit Afreraft. . Berlin Cy El 68 '55 culated during the last few months| 5% 1 Oliver Farm Equip 1% 1% Unit Alrcraft p: Prices were improved at the opening. | I " c’Ew.: 50, ccncerning the possible changes to be| 26 4 OlivFarm Bq pr pf. : 5l bl Unit Am Bosch 7 “|, British 51s were nearly a POt | o Bl b e imade. In some automotive quarters| pgi; 204 Otis Elevator @2%) 21% 21% Uait Carhon. higher. Italy 7s gained more than a Bolivia Ts }gerpmha: bel,”: ‘u"ifé’?fi“&‘i'lhfi]g'”iif J6% 3% Otls Stee! 4% 4% Unit Cigar Stor 2 2 goigt. QGLZ”:;EM lwere sslg:t;o‘&::?fi:::: Bolivia 7869 duction of the new Mmodel Until Such| 55" 4ow Qutlerce th1” Dalt Gorp pf (). were generally Arm. Dfusie 4u 47. ‘time as all other producers in the 1°w-| 113 106~ Outlet Co of Unlt Blectrie Coal. .- Domegtic issues were firm, especially gg:‘:m"_“‘“; 6. price fleld have dxslplxyed ;‘kae rlent;x;;; 39% 20% Owens L1l Gl 224 224 Unit Fruit (3).. the mlroag group. The !PF“““"““" Bordeaux 85 ‘34 One of the leading competitors with| 69% 35 Pacific Lighting (3). % 42 42 ol oy s o Sos ohen fe o OLTiinaloe Des | Briall eve s Ford for the Jow-priced car business| 26% 9% Pacific Mills........ 1 9% 9% 05 THILENCADIWA() ad's difficulifes had been cleared o 181% 100% Pacific Tel&Teleg(7) 104 358 & Woen Recur. Ioads difioulties.had been cleared UDL|graxilise’ii will formally present its 1932 models 0 et 50 US & For Sec pf(§). Reports that the troubles of the Nickel drastic reduction in costs is expected to mark the competition expected to a Brann © BraB-Zal unalnSulsavannnannane aSahunSawan—msn ~ snRense o R EFEFEIEFE FFEF L+ e (TR & FEF 2 @ 1919 e »wn:.—sqxarawuae“ NY 08w lfl 49" Q’ NY O&W gn 4s '55. NY Rys inc 65 '65. NY Rys 6s A '65. NY Tel 436239, NY W&B 4% 46 Nia Sh Md 5355 '50. Nord 615 ‘50 Nor & Wn ev No Am Cn 5a 61 Nor Am Ed 557 cl:r::r::ct: nunnnnn By the Associated Press. More than 32,000,000 square feet of office building space in 41 leading cities of the couatry stood vacant on October 1, 1931. This total, on the basis of calcula- tions by the National Association of Building Owners and Managers, which made the survey, represented 18 1-3 per cent of the entire igace npresenfgd in office buildings in The present vacancy u nld by the association to be the highest in history, and shows a gain of 1 per cent over May, when the last survey was taken. Peop Drug Strs (1) Peoples Gas(Chi) (§) Pet Corp of Am (1) Phelps Dodge Co. . . . Phila&Reading C & I Philip Morris&Co(1) 5 57 Phillips-Jones Co... 2 <4 Phillips-Jones pt 3 31 Phillips Petre i B Phoenix Hoslery he new Ford generally is expected to start about December 15, with deliv- “eries to dealers around January 1. Dealers’ Stocks Lower. » Dealers’ stocks throughout the indus- try are reported much lower than at the same time last year and in almost every instance the retail organizations are re- ported ready for the promotion of new model business. Used car stocks also are reported in favorable condition. ew mamet production has increased meanufacturing activity to some extent, * but producers generally plan to avold 1o b b o Nor OT &L 6= 47, Nor Pac 2« 2047, Ner Pac 48 '97, Nor Pacri6s 2007 Nor St Pw 63 A "41. Nor St Pw 6s R 41 Norway 5% s . = reonre ' ; Jis week end, when Chevrolet brings| {0 1, Packard Moter 4tc) 21% U8 Gypsum (1.60).. Plate, Frisco and Illinois Central sys- | by mien.78"3 ) & S Leather. .. and most ra ues rallied fract y. ; an improved model and planning & vig- ity g;::::: e Laather (4> Rock Island refunding 4s, Atchison gen- | g n 0%, ‘fpv orous sales campaign, there is appar- gy Leath or pf (1).. cral 4s, Missourl-Pacific 55 and Erle 5 | pudapest 6a ‘63, .., ‘g0t a general belief in -utomotlg iy Do il Pipe & Fdry (2). 12% all had fractlonal gains. Industrials| p,e’Gen El414831 \gircles that the new Ford will not 4 23 Denick & Fora(11%) Pipe&Fy 1st 1.20 14% were inactive. High-grade corporate| ppg piet4is s much e R B i 28% Penney (J C) (2.40), Realty & Imp. 8 descriptions and United States Govern- | Buah Ter conits 155 it ot re it AL s Sata T 90 Penney(JC) pf A (6) Rabber - % ment bonds were unchanged. Bush T Bldg 55'60. =, Rubber 1. . 9% 9 ~—— ‘nmmv only o meel demand above Penn Dixie Coment. . Bt e bor e Calif Packing b5 46 ealers’ actual stocks. Production of 0.8 Btaet Outpm (43, H STOCK EXCHANGE SEAT Canada 45 ' S U S Steel pf (7)..... Canada 4348 °36. .. United Stores (A) CHEAPEST SINCE 1926 ST gg;;-ggg;;;;;,;fl BY the Associated Press. Can Nat Ry 43556 Univ Pio 1at pt (8). NEW YORK, December 4—For the | Can Nat 43463 Univ Pipe & Rud pf.. second successive day, the value of 8 UL Pwr&Lt (M) (3)x New York Stock Exchange member- ships today declined to the lowest price 0% 130 y/::::t?-:'(‘:i'rf e e e i 3 ceeen 4 " ales of two seats were arranged|Can Nor 6%sdb '46 ‘;:::s"g.{&‘l'.flfn“ _Tl% 32 VulcanDetin(4).... today, one at $136000 and one at|Can Nor7sdb 40.. Pilisbury Flour (2) 26 7 Wabash R R.. $135,000. Yesterday a membership | Can Pac db 4s. s RN ¢ oo th. 8L 1% WabasnRR'(A) was ‘sold for $148,000. | Can Pacific 4345 Pitts Coal pf. .. 1 17% Waldorf Sys (1%4) In 1926 the price of Stock Exchange | Can Pac 433 ‘60 -an over-production at this time, in- tending rather to spread the increased employment over as much of the Win- ter months as possible. While compari- sons of 1931 with last year, both in pro- *duction and sales, show a marked fall- “ing off for the current year in most auonths as well as for the probable total vfor the year, motor car executives find Httle reason for discouragement at the general showing of the industry. They point out that while production for 1931 Pprobably will be somewhere around the 2,200,000 mark, the important thing is that substantially all the cars produced “‘were sold and that excepting for neces- sary dealers’ floor stocks there ;will be no carry over into next year of surplus ‘output. New Car Sales. One of ths most recent authoritative estimates of total new car sales for 1931 4s made by R. L. Polk & Co. of Detroit. Jt shows new car sales for the first 10 months of the current year of 1,754,748 units and an indicated total for the year of 1,890,900 units. New truck sales during the first 10 months of the year totaled 2853245 units, indicating an aggregate for the year of 316,600 trucks. Washington Produce Butter—One-pound prints, 36; tub, 35. Eggs—Hennery, 35a40; current re- ceipts, 25a30. Poultry, alive—Turkeys, young toms and hens, 22a28; old tor 20; old Pitts Steel pt. Port Ri¢ Am Tob(A) Postal Tel&Cable pf. ) Proc &Gamb g1 (§) Pro & Refine: Prod & Refiners p: Publig Sve NJ(3.40). 4 Public Sve NJ pf (5) Public Sve NJ pf (§) Public Sve N J pf(8) Pullman Corp (3) Pure Ol . ll'/. Purity Ba 5% Kadio Corp. 31% Radio Corp pf A 3%. 10% Radio Corppf (B). 1 Radio-Keith-Orph A 8 RRSeclCatkC(4). 9% Raybestos Man (1 40% Reading Rwy (4)... 2% Real Silk Hostery. .. 2% Remington-Kand. ... 18 Rem-Rand 1st pf (7) 3 Reo Motor Car(40c). 5% Republic Steel...... 35% Reynolds Tob B (3). % Richfleld Ofl. 1% Rio Grande Ofl. 10% Ritter Dent Mfg 1%. 6% Rossia Ins of Amer 13% Royal Dutch of NY 38% Safeway Stores (5). 85 Safeway Strspf (7). 9% St Joseph Lead (1) 3 StL-San Francisco. 4% StL-San Fran pf(6). 5 St Louis Southwn. 2% Walworth Co. .. 6% Ward Baking (A). 1% Ward Baking (B). 2% .Warn Bros Pictures. 1 Warner Quinlan Warren Bros. 15 Warren Bros cv p Webster Eisenlonr. . Wesson Ofl&Sno(2). Wesson O&8no pf (4) West Pa Elec A (7). West Pa El pf (6). West Pa El pf (7). 3 81 4 West Pa Pwr pf (7). 108 109% 10% Western Dairy (A).. 12% 124 Western Dairy (B). . s Gy Western Maryland. . 6% 6l Western Pacific. .. .. 4 8 Western Pacific p 5%, 5 4 Western Union (6). . 494" 42y Westinghse A B(2). 16% Westinghouse (2 A Westvaco Chlor Rock (14%) .. 4 White Sewing Mach. White Sewing Ma pf. Willys-Overland. ... Wilson & C. Wilson & Co (A) Wilson & Co pf Woolworth (t4. ATV 44y Worthington Pumv. 26% 23 50% Wrigley (Wm) (4). 56 55 12 Yale & Towne (1) 12% 124 3% Yellow Truck. 9 4% 3% 11% Young Spr& Wire(2) 1% 11% 19 Ygstwn Sheet&Tube. 20 20 7_ Zouite Prod Corp (1) 12 8 % RIGHTS—EXPIRE. 2% PeopGL&C.Janls 21 3y 3 seats ranged from $133,000 to $175,000. | Railroad Receivers Named. TOLEDO, Ohio, December 4 (#).—Re- celvers for the Ann Arbor Railroad were named in Federal Court here today on aplication of the Jennison-Wright Co.| The Ann Arbor is a part of the Wabash | Railroad, which was placed in the hands ' of a receiver Monday. The Jennison-Wright Co. of Toledo| alleged in its application that the rail- | road owes the firm $17,169.48 for ties and materials and cnnnot pay. INVESTMENT TRUSTS NEW YORK, December 4 (#).—Over- the-counter market. G Tr Shrs ‘ Fdrs 1- 'vaCO"n Fdrs oy ey Pac Int units & Pac com ww & Pac pf war 4 | Bankers Nat Inv . Century Tr Shrs Chain ‘& Gen !qulues : Ehartered Thve |Ca0usB 95 Cent 111 G&E 55'51. Cent Pac 45 '49. Cent Pac 55 '60 Cen Ry NJ g 5. 7 Ches Corp 55 °47. | C&Ogen l%l'”. RewenS-R3 » Chi & Alt 3s. CB&Qgen 4s C B&Q 1st rf 65 '71. Chi & Esp [11 58'51. Chi Grt West 45'59. Chi M & St P 45 '39, Chi M&StP 4%s E. C M StP&P 63 °75..123 CM&StPad)5s.. 35 Chi&NW g 334587 15 ChI&NW 43%s 2037, Chi & NW cn uu. Shi & NW 6%s '36. Chi RI&P gn 4s '8 Chi RI& P rf 4834 (ChiRlcv4%s 60, Chi R1& P 434852 Chi T H inc 6s '60. . Chl Un Sta 53 B '63. Chi Un Sta 6145’63 PN | C& W Ind cn 452, C& W Ind 5%s '62. Chile 63 °60 Chllocop ab 83 41 Christiana 6s '54. . CinUnTrust 55 :0:0. CCC&St L 4 %s E'77 | Clev Term 5573 Clev Term 53372, Cologne 615 50 | Colomb 65 Jan 'g1, | Colomb 6s'61 Oct. ", Colo & Sou 4% 835, 106% 701 91 Norway 6s 4 wnBaasaman~allnad-nhann® EZ Ore Sh L 55 gtd *46 Oreg-Wash 48 '61., Orfent dev 51 8'5: Orfent dev 6s '53 Pac G&E s '42. ... Pac T&T rf 53 '532. Pan Am Pet 6s ‘34, Pan Am Pet 6s *40. Paramount 6s *47 Paris-Ly M 63’5 Paris-Ly M 75 '58. . Paris-Or 5145 68 Penn 4% s D '81. Penncv 4%s 60... Penn &n 4%s 65. .. Penn 4% '70 Penn Gs '64. Penn gen 5s ‘68 Penn 6345 '36 . Penn P&L 4345 '$1. Peoples’ Gas ba 47 Pere M 1st 4s'56. .., Pere Mar 4158 '80. Peru 6360, Peru 7s '59 Phila Co 5s Phila Elec 4 Phil & Read 83 '49 Phillip Pet 5% s 29. Phillppina R 4837, P& W V4lsC80. Poland 7s47. E8xmana uawe o Pos Tel & C 5s'58 Prague 7%s '52 Prussia 6s ‘52 Public Serv 4 Pub Sv G 4%s 67 Pub Sv G 435 '70 The percentage of vacancies range from a minimum of 7 per cent reported by the city of Reading to a maximum of 39 per cent reported for the plaza section of New York City. Some reports of progress in renting office space ars seen in the survey, however. In tne five months' period covered in the discussion, it was shown that vacancies declined in Detroit, Jacksonville, 1 four sections of New York City, in Norfolk and in Omaha. The survey disclosed that 3,930.44 square feet of office space was under construction in 25 new buildings on October 1, whereas the May 1 report showed 4,828,035 s:finre feet under con- struction in 34 New building under con.m—ucuon on October 1 was restricted to 17 cities out of 41 covered in this survey. In a report covering store conditions in 20 cities, the association declared the rental situation was fair, with seven citles reporting a store vacancy of 10 per cent or over, and three reporting a vacancy of 5 per cent or less. What Things Cost (Standard € atistics Co., New York.) NEW YOR. 'mber 4. — Of the 26 important commodities in the fol- lowing table, 16 are lower than last week and 10 remain unchanged. Four ar the 26 items are at their lows for Unit, week. Butter, creamery, extra..Lb. 30.31 ~ $0 Gheese, flats, fatiey Lb. ~ 135 Sales of Stocks on New York Exchange. 8 d 10:30 AM. 300,000 12:00 Noon 800,000 over, 18a20; 2 to 2, pounds, .0a22; 1,100,000 2:10 P.M. 1,300,000 hens, 19a22; chickens, 3 pounds and 8835 Col G&E 55 May'52 Col G&E cou bs '§1. Com Inves 53s *49. CC Md 1st rf 5860, Con G NY 4%s 51, Con G N Y 5%s 45, 3% | Con Pwr Jap 634s. . Con Pow Japan 7s. Copenhag 5s '52. Cuba 5%s '45. Cuba RR 58 | Del & Hud rf 4s"34. Denmark 43%s ‘62, . Denmark 5%s '55. . | Denmark 6s42. D& R Gren 433, | D& KGrais3s.. D&RG W ba'55. . !DRG& Wss7s. | Det E G&R4% 561, ot Edison rf 58'49 | Det Unit 435 32, ., Deutsche Bk s ‘32, Dodge Br cl 6340, | Donner St 7542 . | Duauesne 434 ‘67 . Dutch East I Mar., Dutch East I 64'53. | Bast C Sug 770837 Erie 1st con ¢s'96. ., Pure Ol 534137, Queensiand 8s '47,, Queensiand Ts 41, . Read gn 4343 A ‘97, Rem Arms 65 A ‘37 Rem R5%s3 A "47 4 . plg.. A Rhinelbe 7s "46 L.~ carlots. . Petroleum, Okla. 32 de; Rosin, B. Cot'nseed o, bluchnble b Corn. No. 2, Bu, BE8H0EN! 3% Sharp & Dohme er: Diversined Tr B Equity Invest 3 Eauity Invest pf Il Eauity Trust Shrs .. Five Year Fixed Tr Fixed Trust Sh A ... Fixed Trust Sh B Fund Tr Shrs A Fung Tr Shrs B Granger Tra Gt Wanmal Trad Incorp Investors Incorp Invest Equit Independ Tr Shrs . Int Sec Corp Am A 15 B o amesecs ‘53 Rio de Jan 85 °46. R Gr Do Sul 65 68, R Gr Do Sul 83 *48. Rome 6% '52. , Turpentine, - carlots; |- Gal. Wheat, nard Winter. K.CBd Wool, "Terr., fine, St L&SF In 45 A 50 67 Sales. High. Low. 258. % |StL&SF 4%s e 134 Toklo El Lt 68°53.. 37 60 5 59% StL&SF p 1655 B '50 19 StLS W 5a'sa. ... Qe - e SIPRKCSL 4% 541 3 * | Un pestaceniar « ot St P Un Dep bs 72 » 7 Seopiyio s Un Pac rf 4= 2003. . 79 1 3 " Sao Paulo 88 '36 : Un P 1st rf 5s 2008, 99% 2 1 e" S Unit Drg cv 68 ‘3. Saxon P W 6351, Utd King 53%8°37., Saxon 7s 45 ) U S Rub 1st 58 °47. . Seab A L cv 634 UnSt W 6%s A'47, bl Sea All Fla uA Il 11 ! Ud St W 6% 8A'51. Erie cv 63 ‘67 A Suine Te ‘42 Ud St W 5%sC'5: ! Eris 5575, 2 ) e Uruguay | Fiat 78 ex war "46.. 3:3533 Finland 6s 4 Utah P & L 63 '44 | Finland 614 s '56. 5 Fisk Rub 8s 41, Util Pw 53 '59 ww. l‘rlmlD7%l'fl.. ll SincO7scv A Nor Am Tr Shares Nor Am Tr Sh 1955.. g B0 o wasson 4 Shell Un Of1 Gs ‘49, Shinyetsu 6%s '52. Sinclair Ol 6 ©aS5ak! s Roan Spring broflers, 23; hens, large, 18a20; % Seaboard Air Line pf small, 15817; Leghorn hens, 13al5: 514 3eaboard Ol .o 8 «| parminte bfua" G the Tcehe BuReDe"e, aRle re the annual cash roosters, 10a12; keats, young, 40a45; old, 31 Sears Roebuck (2 50078 XEX-4 lvmnn 'ss than 100 _shi 1y extra, awy 5 105 Bty s Toukays | 7ovse ake Servel 10 ik popznble i siockl Vhapable h bt stool 1 Bis 7% s 308 3 ced— 3 * T B ‘specia) hews and toms, 34a37; old toms, 77a29; 3 1 ok B Thie 56 ’fe.ufi’x“r'.’ni“ !,‘“i:. s in | B old hens, 30a32; chickens, 3 pounds and SLOCCRP P a1 Stack over, 21a23; 2 to 2%, pounds, 23a25; Spring brollers, 30; hens, large, 21523 | EENERAL RESERVE small, 18a20; Leghorn hens, 16al8: | . T > G e I i T e DRops, | WASHINGTON STOCK EXCHANGE i Meats—Beef, prime, 16; choice, 15; | s 8 5 i good, 14; fair: 12 cow, Stalo; iamb, QUOTATIONS AND DAY’S SALES : top, 15; medium, 12a13; veal, top, 16; | fair to medium, 12a13; pork loins, 8 t5| By the Associated Press. o 15 pounds, 10, fresh hame, 8 o 15| The daily average volume of Federal SALES. LoD pounds, 1234 16 to 22 pounds, 10; | Reserve Bank credit outstanding during | Washington Rwy. & Electric pld.—10 | birepeiian’ (14 smoked hams, 19820; strip bacon, 19220} | the week ending December 2 as reported | at 94, 5 at 94, 10 at 94, Secand _(ve) | Washington (i2).00011100000 lard, 50-pound uns, 9; package, 10; | by the Federal Reserve banks was § AFTER CALL. TRUST COMPANY “’{L’?S“,’.fc'k’“l&s light, 4.60; medium, | 946.000,000. This was a decrease of $15,- | Washington Gas 0s “A”—$500, at 100. Amer. Sec. & Tr, Co. (15)..... = 2504.50; | 000,000 compared with the preceding | Washington Rwy. & Electric 4s—$1,000 | S ekt o 490, heaw. 440 pigs.” 4250450; P A ingheatany; | Tru roughs, 2.50a3.50; calves, 3.50a8.50; | week and an increase of $853,000,000 px . lambs, 3.5086.50. compared with the corresponding week | C®PItal Traction Co.—10 at 21. ”r"‘%g‘e T(j{”o"r"s: . : (;n & Fruits—Apples, fancy box stock, an & Trist (40000 1.75a2.50; nearby, bushel baskets, 35a | " L030: Bid and Asked Prices. BAVINGS BANK. 125; oranges, Florida, 3.0083.50; Cali-| On December 2 total Reserve bank BONDS. Tormia. 4 25a5.00: grapefeuit. 225a2.75; | Credit _amounted to $1,905,000,000, a 2 limes, per 100, 1.75a2.00; pears, 3.00a |decrease of $36,000,000 for the week. PUBLIC UTILITY. 350, pincapples, 4.7583.00; prapes, Eme | This decrease corresponds with declines | . 1o A0 o B 1) crors, 2008325, Tokays. 1 25a2.00; | Of $44.000.000 in member bank reserve | ATecr, el & e ¢as 0. W geyantn, Steset (12 Roncords 65: bananas. 1008200 tan. | balances and $7,00,000 in unexpended | 4 oty £ K. K. S Washineton Mechanics (365" Ol Bharer tnits 111111 erines, '2.00a2 25 - kumquats, quarts, |CePital funds, non-member deposits, etc., | A SV, % FIRE INSURANG) Qia Gol T Tr. 1 e T e » | and increases of $10,000,000 in monemry;hw‘n., ;f:,l-c;;g,y; 3 et ot (st - Old Gol Tr Assoé Ut Pow 5% 47, Vegetables - Potatocs, Maine, 100- |BOId stock and $6,000,000 in Treasury | Gity & Suporien 't .01 gorcoran (10,111 ERbel A (34 Vinadium SUEeL egetables — b - cumncy adjusted. It was offset in part | Georgetown Gas lst bs.... 00 -+ | Pireren’s i is Repres Tr Shrs .. ‘rench 7s°49. ., 112 Sinc Cr O 5%s gugdinm . 5. pound sacks, 1.25; New York, 150-pound an increase of $32,000,000 ir. Potomac Elec. Cons. 5% so401 | Nationa) nten gl 20 |Second Int Sec A French 7348 '41.. 73 115% 114% | Skelly Ol 5 Vert Sug 1st 7s'42. * sacks, 175; Tdaho bakers,' 100-pound | P¥ &3, Ioeresse o BN | eetomao el ir it s TITLE INSURANGE. ccon ‘ Gelsenk'hen 6534 30 | Sotssons 63 Vienna 6r 52...... sacks, 2.25; ,.E:R‘ls' E““‘;" Eh"'"-: 3‘5" Holdings of discounted bills declined | Washington Gas 41%.. 3 " | columbta cen). S : : Bl e 53 |Solvay Am Bs 4 Va Ry & Pw b 50" Fiorida, 5.00: broccor. 25083 25 S PLha i B o A g gt BenkTacate (40). 1.1 sn Gen Motors 6837, 67 103k 100 |SW Bell T5=A’N. 1 P g 3 4 17,000,- | Wash. Gas 6s, series B. MISC:LLAN!OUB. caulifiower, 1.75a2.00; carrots, California, | O PSS, (AN Sricosased 4 d 000 at Chicago, $8,000,000 at Atianta, | Wash Rwy & Eiec, crates, 4.00; string beans, 1.50a1.7 4 Va Ry 1st 58 °62. Wabash 43578, .. Wabash st 583 Wabash 2d 5s ‘39 Wabash 53 B '7 55 D’'80... Wabash 5%s '75... Walworth 6% '35. Warn Br Pic 6#'39. Warsaw 7s ‘58, Wst Sh 18t 48 2341, West E1db 53 44.. Wast Md 4s '52 West Md 5%s 77.. 8 46 Gen St Cas 534849, 5 613 61t | Sou Pac col 4849, . Gen Th 5 | Sou Pac ref 43’55 b $6,000,000 at Cleveland, $5,000,000 at gm By B c""’ ';% Geroan 838 t‘iolég 2% SouPac4%s'63... § limas, 5.0086.50; peas, 7.00a7.50; beets, | Nu0O ) Bty ”” 0,000 at all Federal | Barber & Ross, Tnc., German Bi 63 ‘33 | Sou P 4%8°'69 ww. 15 100 bunches, 3.00a4.00; carrots, per 100 Reserve banks. The system'’s holdings | SheYY Chase Ciub Ger Cen Bk 65 '60 J Sou Pac 4%s'81... 10 punches, 0.0087.00;, SAISIY. per dozen | of pills bought in open market declined | & e o P h‘l”,“‘,}’:w-. mush. | $5%.000,000, of Unit>d States bonds Ger Cen Bk Sou P&OT 4% 17, 7 German 7s 8 $1,000,000 and of Treasury certificats man Bank 7"“ oo, 75400; ouiroips, | 80860~ artl-| eng bills'$10,000.00. o Ger Gen Ei 7a-45.. N .00a5.00; N .50; okra, rich ev 45, Cuba, 'per pan. '908100; 'Florida, per iy Good 15t 6 bushel, 3.2583.50; new, 40- POTATO MARKET. Goodyx o Sasi., Dound badket. 2253 30, d, 100, -pound sacks, 1.25; celery, 3.0083.35; tomat e GrandTr af ab dwié 3 1 Grand Trunk Ta'40. ' 4-pan containers, 4.0084.50. ; ) “ o flr. i | Grt Nor 4342°74 D . 8. ese sh. Med. Grt Nor 4%s'77 Under the Federal aid system the 5 2 v BB Sl wood :& ‘n:,fi., e 30 Grt Nor gn 7s '8 Tex& P 53C 19 Bureau of Public Roads partic ht ites, No. ML) :“ i Tex & P 55 D 80 the costs of building post ungraded, 72‘4..77 Nebraska bBooks cle Triumphs, 1.10a1.15 H s nk Tr : 7 2 t p 7 84 Third Av rf 48 'I one-half their cost. zh.e (i 8¢ Third Av adj 6 WisCentgen4s'36 8 33 contribution, however, 1, 1.50a1.60; nncyhk:ber Toho El Pw 75 '56. Yokohama 6s ‘61, -~ 1201 270, Tokio 5%8°61...., 11 Ygstn S&T 5u A4, 8 xmu Bromo-8els. 4 e7al Storage vi, (l) g Co. com. StOIINJ 68’4 StOIIN Y 4%s ‘l. Sweden 538 'l 84% 843, Swiss 5% "4l 108% 108 Tenn EI P 68 A "47, 101 100% Texas Corp 68 "44. . el ¢ o 8o (18, o Gas. uth 5 ~s.==§.:'.s:==s=§ AN RO DR B A BN . 88 Hoe & Co 6348°34., 2 40 Hud & M ad) 68 '$7. 56 3 (0 )41 xira, Amer. Nat. b Tr o Eecy"Ginne ela% extra. riversal v