Evening Star Newspaper, December 15, 1931, Page 14

A—14 xxx FINANCIAL. FINANCIAL! NEW RALLMOTOR | NEW YORK STOCK EXCHANGE ||BONDS DEPRESSED | (oo vorx BONDS mocxeecuana] [PRIGES FOR WHEAT W YO Recelved by Private Wire Direct to The Star Office. Received by Private Wire Diroct te The Star Office 4 J(3.40). 73 521 6O 5 A e High Low Diviaend Rate Add 00. : : 80 PublicSveNJof(5) 3 80 80 l’:‘}’flf‘{-;:gfl,'fi mggs.}l;f;:'fi‘-f a3y 21% 8% Iat Dept Btores (2).. 4 9 8% 94% Public Svo NJ pt (6) 1 95 944 £ 33,38203 '78 5 = i R 3 P ; L 4th 4% 3338203 1008 1009 | Inland St 4%s A’ JCNC: Rullngs Will Soon Be 1"‘ ::xow.cammnm 1008 8 16% Puumn%fii%)‘a)’ zfi ?gv' ggu. Unfavorable Trade News and “221/.“?.‘;‘“ 5 gg-‘m ‘""RL”’%‘?'.'}" 1 Lack of EXDOH and Domes- 31 15% IslandCreek Coal(4) 7 2 % Punta Alegre Sugar. »o % S 3% s M 4T3 104 9410 | Int Rap Tr sta i Put Into Effect by 105 95 Island Creek pf (6).. 108 % 4 Pureoil. n Tax Selling Are Factors %sJ40-3. 31 949 | Int Rap Tr 2 28 264 tic Inquiry Keeps Mar- , 9 57 * 3 3 e e 5914 Pure Ofl pf (8 5713 24 Jewel Tea (t4%4)... 2 S D 594 3%s43-47. 6 94 5| Int Carriers 808 15% Johns-Manville (1), 21 4 +1y)( S84 12 Durity Balerlen (3). azn in Decline i 120 o954 1008 ket Down, » 126 88% Johns-Manv vf (7). 808 4 5% Radio Corp. 5% 4 > . 120 99 24 100 5 2 o~ 12315 831 Jones & Laugh pf(7) 508 9% Radio Corppf 26 12 1026 10122 1026 7Tix Kansas City Southa. Radlo-Keith-Orph A~ 20 "1% Bales, High, Low. 15 15 31 30% Bpccial Dispatch to The Star. :2 % Reading Rwy (4 Abitibl P&P 5s°53. BY FRANK 1. WELLER, NEW YORK, December 15.—As the| 7 3 Karstadt (Rudolph). % T ReaaioE Ry (ayis 1 31% Special Dispatch to The Star. Ab& St5%'43.... Int Pap 58 A 47 Assoclated Press Farm Editor. Interstate Commerce Commission has| 18 7 K'mann Dept Strs(}) 3 i “"dms }‘u\t ;‘: (zr),,, 1 30 N R e g | A e B LA [::P::‘: A, : o e ral established flat rates on the hauling of T% Kayser (J) & Co (1). 2 pf(2) 11 30 EW ! 5L e the Tl Kelly-Spring Tire % 1% RealSilk Hostery... 4 Dond St CE LTI 20 OO LUl IntT&T 4%a k3. mestic inquiry dull, wheat prices had truck bodies “to meet motor truck com- 0 . 3 Int T&T cv 448'39. remained 2 to 3 cents a bushel wnder Ppetition,” both truckers and carriers are The liqyidation of bonds caused by |Allegheny 6s ‘50 . Int T&T68'66.... 3 % 5 " Row préparing to put the co-ordinated SAE S pn T X ot 0 : Remithg fonitaa s the various fundamental factors of poor | Am Beet Sug 65 '35 2 e atiea0 those of last week. There was little transportation service into effect. 6 Kelvinator Corp. $ Reo Motor Car (40 earnings, lower foreign trade, numerous | Am F' P 55 2030, 78°51.. ) disposition on the part of the tradle o 3 Italy . 3 he advantages claimed for this new 20 Kendall Co pf (8) Republic Steel defections from the gold standard and |AmIGCh5% 2 Italy PubS 78 '62. . take a decided stand on either side of rail-motor service are cheaper rates for 9% Kennecott Copper 50¢ Republic Steel pt, ., actual defaults of many bonds, both|Am Intl5ys - than-carload lots of 13% Kimberty Clavk 2%, : 3% Revere Copper. gon:finc nfiduiomg;" s e :Tnlblleé:llss‘t:-"cz 4 2 m:am“k;:' t at the 1 A185 . ; < | by the usual December tax selling, has . ay wheat at the low was off", \hct‘)‘m‘rflc!n:‘;t;nt‘ilrr%;gd’e%r Qe isinney (GIR)IColL 2 el ot 1408 now reached such proportions and. is A EERTaoe T Jugos! cents from the high on Novembir 0, W h % 2l IXresge Dept Stores. y Vo188 Th z - | Am Sug Re! : < i 75 assuring revenues both ways: ‘é‘, ::f::l;: 'sfl;’ I:;;*;‘ 3 17 Revnolds Tob B (3). 112 gaining so much impetus on the down. L3 Kan C FtS&M 4536 Chicago wheat has declined 1734 to satings to taxpayers by having fewer 1017 Kresge (S8) pf (1), - Richfleld Ofl tumt ulm it has become probably the :: ;-‘;’l’;;_ o Kan City Sou 3860, | i!lfi cents a bushel from last mighth's < N6 oo eavRIbEE < P 8 - Rin Grande O most discouraging phase of the present o ' | Kan City Scu 68'50. | highs. on already crowded highways be Kress (SH) Co (1) . 2 RTES 8 o situation In financial markets. © Am T&T ¢ tr 65 4. %0 Kan City Ter 45'60. The action of the market was' due e WV;;‘\tlf\xswf:rl;:%f{s l::;";flfgfés i T & Toll 1.61). 5 3 RosslaTns oA ar s WA Today there were 81 issues of domes- | AM 1’{:;‘_'::" e o largely to the weakness in stocks, and n insurance, 3= o m V] - T ce ip) e wuck\Eotipanies) 1315 Royal Dutch of NY 10 14% tic bonds, out of the 500 active issues Kend 5%s '48 w' { while some are of the opinion that, pre- - listed on the Stock Exchange, that were | Am Wat Wks 657 Kreug & Toll 68’5 vailing wheat prices are too low,.th One truck firm, operating between | 8 '» Lambert Co 38% Safeway Stores (5).. 10 417 selling for less than 30 cents on the |Am WrPap6s'47.. 2 Lac G St L 68 '34. : say an advance must await improv here and Philadelphia, will use 20 truck Lee Rubber & T! T1% Safeway Strs pf (7). 80s dollar. Of these all b ' e a Pty s . 3 all but six are still | Argentine 55 & ment in surrounding conditions. bodies starting January 1, 1932, It now Lehigh Val Coal pi 813 St Joseph Lead (1).. 20 B:mg interest. More than half of all | Arrentine 63%s 63, Facledptias c‘“ Effect of Stock Market, uses ‘two. Another trucker, operating Lehigh Valley R R. .- StL-San Francisco.. 10 A E Lautaro Nit o between here and Baltimore, will use 14 Lehman Corp (2.40). StL-San Fran pt(8).. 7 e soid boday; toryiean} thani6) | ATesBtGe ey 61 3. Many are of the belief that wheat is 4o fully worth present prices and eventu- Leh Val cv 48 200 t 3 S cents on the dollar. Standard Statistics’ | Argentine 63 Ju's9. truck bodies beginning in January. tf::.:g?;:’&iu St Louls Southwn 2 index of 60 representative bonds, which | Argentine 6s Oc'69., g f‘:,‘,;',‘-u.’, "Z, 61 " i Contract haulers for a prominent bev- i A e Savage Arms. . on Monday dropped 16 points, was|Argentine6sA ‘57, Loriiarasieat., | ally will do better if it shakes off domi- erage concern and for America’s largest L e B (16) % Schulte Retai) Stor 29 down an equal amount today. Argentine 6s B '63. A HInrd 78704 nation by the stock market. Under 41 grocery chain plan similar services. e ]}"C" S Scott Paper ($1.40). 2108 The aelling was indlacriminate ll:or‘:l:rk T cents there seems to be ready absorp-| New Rates in Effect Lima Locomot (m2). S niard Al Linewt {merican Telephone gold 4 and de- | Arm Del 5443, LouG & EI 5857 o e e e bl g g g o 3 i 7 2 nture 5s, both v v tchison gn = ators 4 g Between Jersey City, Philadelphia, {"‘":‘?([:rf;:n‘:; - 3 Sears Raebuck (23%) 3 {off to a new Imgf ‘&:‘Sfigo:x";i Bregtz’i‘)?;r Atchis cv‘ns 48. McKes & R 5% #50. § 0 4 With good commission house absorptiol Bal imore, Richmond, Va., and Scran- L Iloflew" o A on. 2 2 . Seneca Copper. 2 y !on a few sales as did speculative bonds, | At Ref db 58 37 974 | Manh Ry 18t 4890, 5 3 33 |and continval buying by houses Wit ton. Pa, the Pennsylvania Railroad, AT s 25 Servel Inc such as Missouri-Picific 55. Atchison | Australia 4%s ‘56 4 3 Market St 78°40... 3 3 3 | Eastern connections. Baliimore & Ohio, Richmond, Fred- | o i Y Sharon Stee! | General 4s, most highly regarded rail| Aus'ralia 5s'55.. 4| Marseille 63 34 % 100% | ~There always is a fair demand 1 ksburg & Potcmar, Central of New | f LooseiWiles 1t i7. 008 2 Sharp & Dohme issue, sagged to a new record low since | Australia 68 °67... 5 | Midvale Stl6s'36.. 13 ¢ 94% | the breaks, which discloses and Drclaware, Lackawanna & | 2 "nrm"d“,) (1.20) x . Sharp & Do pf (1%). : E 1920. They were equally as soft as|Austria 7s°43..... 1 Milan 648 °'52..... 584, | proved technical position, and price: crn Roads have made the new el : ® ttuck (FG)1+114) 21505 Junior and third-grade railroad bonds | Austria 7s ‘67 ctfs MiIE Ry & L 5361 | recover practically all of the loss. s effective. . [:ou Gas&El A"”%‘)‘ 3 § 1ell Trading & T} like Erie 5s, International Great North- - | Mil El Ry&Lt 5871 s | Domestic wheat markets mostly fol Under the 1. C. C. experiment, which Lottosnlo® Nashte) : 3 nell Unfon 011 2 s | ern adjustments, Denver & Rio Grande - K&T4%s T8, .. 7 313 4313 [lowed the decline in futures, but re-, is cficctive only for one year, railroads Loalem Btesl rell Union Oil pt | Western 55 and Nickel Plate 6s. Bal. g0 MK & T adj bs '67. 35 | flected some increase in marketings and harge flat rates on loaded or l‘mdl"m Steel b Shubert Theaters. .. e timore & Ohio issues were off 2 to 3 i A 7 'a 22'3|a less active milling demand as a re- truck: ‘bodies' furnished "by the | 228 __2_SCIUR D 0P e 3 Simmons Co 3 points. Similar losses occurred in the < Pac Es A '65. ! 3% | sult of seasonal dullness in the flour shippers, who are responsible for pack- McCall Corp (2%). Simms Patro] bonds of Southern Railway, Southern Mo Pac 5s F "l‘l. 3 3 market. Receipts of wheat at the prin- ing and loading them. The bodies McCrory (B) (2). : Sinclair Consol O11. Pacific, New York Central, Pennsyls Mo Pac 58 G '78.. 3 cipal Central and Southwestern mar- mu:t be equipped with hooks by which Mclntyre Porc M. Sinclair O11 pt (8) vania and other roads. Mo Pac 5s H °30. 3 kets totaled 2. cars, compared With thoy may be lifted between freight cars McKeesport T P (4) Industrials and utilities were equally Mo Pacrf 6s°31. 4 4 1493 the previous week. Marketings and trucks or trailers by cranes. McKesson & Robbing y 2 o weak. Goodrich 65, McKesson & Rob- | ik of Chire 65 s 61 R . L usually increase in December. when Heretofore some carriers, like New McKes&Rob pf(33%) loss Sheflield Steel. bins 5.5, International Cement 55, In- | Bk Chile 6%8 61, > Mobile-Ohio 5a 38 6 | growers dispose of grain to obtain holi- York Central and Pennsylvania, ran a McLellan Stores. ... . Snider Packing. . ternational Telephone 5s, Armour 4'.s | Bell Tel Pa 58 B 43 ” o | day and tax funds container service, in which case the McLellan St pf A(6). i S Snider Packing pf 1 and other junior industrials declined | Bell Tell Pa 58 C'§0 Montevidea ? | The wheat market depends consider- less-than-carload lots bore the rate of Mack Trucks (1)....x Socony-Vacuum (1).12125s — % along _with' conservative descriptions | Belgium s 65 Mor&Co 1st 43 4'89 3 73 |ably on the foreign outlet, although the highest class of freight in the con- Macy (RH)& Co(n3). South RorxRico Sux 7 + like General Motors Acceptance 6s, | B £lum 63 assau Elec 4551, wheat is disappearing rapidly without tainer. Since the commission ruled the Madison Sq Garden.. 4 A Sou P Rico Sug pf(8) | Standard Oil of New Jersey 5s. New | Belrium s 55 : 854 any volume of exports. Scme still be- roads cannot charge flat rates on con- Magma Copper (1) 8 3% Southn Cal E4 (2). .. 5 k - York Telephone 4';s and Consolidated Belgium 78 '66.... 55 7 13 o 3 70y lizve that a big European demand for own, the Pennsylvania Mallison & Co 2815 Southern Puc.fic (4) : 9% —1ia | Gas 418, B Ind Loan C 6 . 63 102 2 1013, | North American wkeat 1s inevitable be- ing over 47 containers to; ‘ Manat! Sugar + ™ Bonds again were under pressure at | Berlin Cy El 10014 100~ |fore the season is over i i Mannat Bles gad’ g 3 R ! | the opening. Trading was not particu- | Beth Sy : ; 2 25 2 They tay Russia is oversold on wheat DEFerSIve BUISK T o TDorR L s e AR & g 3 ’ +1%|larly heavy, but price declines were | Boiivis 1 2 LT and will not be a serious factor in the thel el of Mdemounishle A DIl RS ¢ =1 | wide, owing to the continued scarcity of | Boliv 1a 83 41 ket for the remainier of the sea- S S0 Marke: StTy prpe . LR +1% | bids. Overnight news was n-gligible. | Bordeaus 68 34" Shipments from Russia decreased litting_equipment. _ Because the Fadodl A ASn e N neon = %I In the foreign department, German | Bos & Me 5a 55 . : ¢ 56 53% 53's|460.000 buskels for the week. but the tate Commerce Commission per- Marlin- Rockwell (2) 4 :h;-‘sr -“rr(:. e = ™| government 5!5s and Dawes reparations | Brazil 6%s 7 11 2 5 ls 541, total from all Black Sea ports was S S O . Marehall Fietd (2%) Sotoer Mte ) 416 7s were both off a foint. British 5!5s ' C [ 60 | about the same as a year ago Dt i metions Martin Party. - . Stand Brands (120) 209508 111 i) were down & point. Japamess la- el ; 70810 Foreign Shipments Larger. spencing large sums at présent on & ey ; ] Stand Brands (1.20) 209500 1115 Sus were unchanged: South Amerieans S s 7| :::'\:-tgc-‘x?{‘(}xnflaggstr:?crafigfi :;ru;lth: :l'lny‘l:ewct Stra (2%) g:.:g 2::i£; :‘: ;(«,‘)), ;i g,lu, fivi v" D) o aytag Co... s a 51 3 % st TR e Maytag Co pf (3) Stand Invest Corp... 5 1y Kan City Sou pf (4). % Raybestos Man(1.60) 5 9 1 BY F. H. RICHARDSON. = Real Silk Hosery pt. 100, Kelly-Spr T 6% pf.. A Y pe. 1008 B4 Kelly-Spr T 8% pr.. 2 y y Reis (Robt) & Co... 2 S8 FEESE OF & FEEE 20 1 r were quiet and little changed Bremen 7s°35. 2715 3 /C&StLS 2 il e ousaelieniand Argentine atiins Railroad bonds were still the heaviest | Bd & 7:h Av 55 43, s 3 3 : 832 w 16 ey o Eentine lone gy of domestic issues. Losses of a point or | Pk Ed &n A Ga'43.. o ga’;‘::?\f Lo 2 23 rices Tower thatt wheaticen Be HRent LB e Melville Shoe (2) Stand Ofl of Cal(2%4) 178 257 A R b e e DT ok 54, at Chicago. Until American_shippers tomer of the railroad. o1 MenwaliCos: Stand O1l Exp pf (5) 1 87% % | tions, Industrials lost ground, Stand- | Rkiyn Unserse.: . 28 7% : ¥ | NY NH&H 4s55.. 5 53 |can purchase wheat below the world Some Freight Excluded. Mesta Machine (2)..x 28' Stand Ofl NJ (12)... 362 are Ofl Gt New Jetser S opeved %€ & | Duunest e sy PRLTE NY NH&H 45756, . 53 { price and pay ocean freight charges at ‘his “new” motor-rail service, de- Met-Gold Pic pf 1.89. tarrett (LS) (80c). 2 new low at 99%,. McKesson & Robbins | Buenos A 6861 Pv. 1 . H&H 448 ‘67 a profit they cannot expect to compete oo to win back to the rails part of Miami Copp 3 RO R (s 55 ware off a point, Buff Gen E 44 8'31 " NH&H db 45'57 A the expork frade e e e Mid Contine: S zs Sterling Secur pf.... 5 RO Bush Ter con 5 ‘66 Y NH&H clt 6s 4¢ 7 7gr, | Indication t portant countries the less-tl ot shippers, Midland Steel (3)... 5 Sterling Secur cv pf. e e Bush T Bldg 5560 NYNH&H cd 65'48. may turn to N merican wheat is becaite it excludes perishables, - ex- Minneap Foney R(3) ’ it o L Washington Stock Exchange » . O&W 1st 4w92. I o i (LU e because it excludes perishables, "ex- SRS 97x Stone& Webster (m2) 3050 y H Calif Packing 5s "4t Y Rys inc 65 65 r 000,00 bushels plosives, fres| ] m‘;ickr(-‘-moner O s M StP & SSm 1sd (4) T Studebaker Co(1.20) 23 117 + A Canada 4s 0. 7% | NY Rys6s A 65, .- et ¢ 41, less than a year ago floods in Aus- Tetais or goods manufactured there- | 2 Mo Kan & Texas.... e S * | Capital Traction Co—10 at 21, 10 at 21. | Canasa seves NYStRy4}s62.. 2 21, 2, o, relia are reported metals or goods mflm&“ g Mo Kan & Tex pf (1) +1% Superheater Corp(1) 25815 Pfl‘m P v L Nl [caniasizey 8 NY Tel 433 39, % 96 , about 3,000,000 bus from: securities, deeds, drafts and| kol iy itk SuleroriSteel otz 8 |Soiomacilectrlc e pld- S At ciwNavess e NY W&B 43546, . 45 * ish wheat crop is officially estimated at stamps, and._beu\ccln cho 7\; Missouri Pacific pf. +1% 10% Sweets of Ame: g [dersentlialeciinotyne L OReb 8. Can Nat 4148 '67 Nord 814%'50, - 3 | about 13.000,000 bushels less tham - last A R e « Mohawk Carpet. .. .. - % Symine ton. AFTER CALL. K= 16 |year. that it is genera e S L ey Monsanto Chem (1% ) 9% 194 + % | 6 1 Svmington (A)..... Washington Gas 5s—$500 at 100, $500 | can s 6 7 n: i Montzomety Ward-. /105 12 Telautograph (140 5 IS th : S -i L | the present 3 per cent the ax 4 ipper—the 5 autograph (1.40). at 100, $500 at 100. N ! . e t 1 gipo“r:zlfol;.is fomateing - compeny oF T e (1 21 Tennessee Cotor ‘2% National Mtge. & Inv. pfd—94 at 3%, | can nat 82 90U 69 ¢ Nor Am E 534863, foreign wheat permitted in milling mix- A ’ 12 Texas Corp (2). 3, Sl Nor OT& L 6847, 9 : | tures. oueklogffonce:n yhen thehlipads Mother Lods. ....... 1 20% Tex Guif Bulphi SojaGa R RERT Ner Pac 48 °91..... 22 .| Every day lost in the export of Atner- e be A ‘ o i Podv from truck or trailer, the road Motor Meter G & El. Tex Pacific Coal&Ofl BONDS. Can Pac db ¢, NorPacr16s2047. 5 72 ican wheat is of importance, because 2 Motor Products (2). 44 Tex Pacific Land Tr. : 5 P Nor St Pw £3 A 41, unless the situation changes the carr: - assumes responsibility until the body | jg. Motor Wheel (50¢) . . ” 430\ T (cneEIMre /o e | Bid and Asked Prices. Can Pacific 4 . 3 Nor St Pw 6s B ‘41, - . over will be tremendous and the burden 15 delivered on the truck or trailer. 311 11% Munsingwear Inc(z 4 2" Thermotd Co. e tiemem Can bac 4345 60.... 5 Norway 58°63..... 114 | 100 heavy for any reasonable price, It Motor trucks can reduce operating| g “£™ \urray Corp. , Bid. Asked. | Can Pac5s’'44 Norway 5%s 65, .. | 31, | IS Teported that ttere has been a’Mate- expenses, it is said, by reducing per- » ; % v Amer. Tel. & Tel. 4'zs ‘39 Can Pac 68 ‘be 9 Ny per load, as heavier shipments| 40% 16 Nash Motors (). 34 3 Third Nat Inv (1.05). 8 Am. Tel. d Tel. ctl. ti. 8 (1| Cent 11l GAE 6851 L : Ore ShL5sgtd 46 Hially larger business in Manitcbas:from t I o 2 \ 14 Thompson (J Ry (1) 5 s Anacostia & Pot. R _R. 33 PN ¢ 5 Vanccuver of latz than the trad® gen- ¢ rail than by motor.| 80 16 NashChat&StL(3) 30s Cen Ry NJ g 58'87. ¥ Orfent dev 5lp8'58. rally ' - {m:"gfitb}m;urante msfs, since | 10% 2% Nat Acme Co. 3 E 6% Thompson Prod 1 20. 4 | Ana E |erally suspects. s 4 Va. 5 | Cert-td db 5% s ‘48 Orient dev 63 '53. .. 4 h ™ i Thompson St tt y 4| S & P. : g i S < 3 3 A bright cpot in the domestic situa- trucks have cargoes for shorter periods| 10 1i Nat Bella H 2 . pson Starre Capital Tractior | Ches Corpss-a1... Pac GAE 5s ‘42 > tion is a private estimate that the Win- J 815 Nat Bella Hess pf. 1 2% Tide Water Asso Ofl. 2 » ! City & Suburban 60 2 ‘: 3 of time in their ‘cuslody. They are also 37‘: R (“‘(’”. P 2015 Tide Water As Df(8) . : Georaetown Gas st 53 100 lcaogeniysroz, 2 3 31, | Pac T&T 1st i8'37 tor wheat acreage will be li anore able to eliminate the numerous extra | 8 1234 Nat Biseuit pt (1) 35 Tide Wat Ofl pf (5). . Potomac Elec. Cons, o |C&0O 4145493, b4 5 Pac T&T rf 55 '52.. than 36.000.000, the smallest stnce 1913 license plates now required in many 9% Nat Cash Reg A 1% F 31, Timken-Detroft Axle GO e L 2 &O04%sB'95... 12 72 Pan Am Pet 63 '34. 1 | and more than 6,000,000 acres less than States, 3 3 Wash . Alex. 2 c Ni 184 Timken Roller B(2). Washington Gas 4'as..... : 99| Chi & Alt 3s. 213 Ban A Pat 65’40 : Tt e s. The demountable truck body is not 20% Nat Dary (2.60 2) x Tim w c ‘ % Nat Dept Stores 1 1% Tobacco Products. .. 1 :g‘"g““ ! B & Qgends 58. 3 Paramount 6s 1., Corn Prices. & NetDotShnirii %0 612 Tobacco Prod A t35¢ 7 Wash. Gas 6s : -|CB&Q st rf 5571 ; Paris-Ly M ¢ '68. 3% 92 9 The trade feels that corn as well . 2% Transamerica Corp. . Wash. Rwy. & Elec. 4s.. .. .. B84 CB&Q 11dv 314549 Paris-Ly M 75 '58. 97 |wheat is in position t> respond ;§Ini"y upward trend in securities and improve- ment in general business situations. May corn has been taken freely under 40 cents. The cash situation is rather healthy, and the country is not pressing |sales. Winter weather throughout the | West and Northwest has increased feed- *|ing requirements and has not stimu- lated country marketings Primary receipts cf corn for the week were only a little more than 3,000,000 bushels, compared with more than 8000000 for the corresponding week last year. Total receipts for the season to date are 12,415.000 bushels less than for the same period a year ago. new. It originated in Cincinnati be- tween the five statlons ox&v.ngt Oleves 115 Nar Dl oot 125 land, Cincinnati, Chicago . Lou 7 . 27 Transue & Willlams. 3 NEOUS. Chi & Est 1115851, Railway on May 26. 1917. The father o N e e A Tk Rt Cotpte e s SCELUANEODR, o vt of this idea was Benjamin F. Fitch, 102 Nat Lead pf B (6) 508 44 Tri-Contl Corp pf(6) $ Chevy Chase Club - |Chi M&StP4%sE. 2 organizer of the Cincinnati Motor Ter- R s L o ! 5% 24 Trico Products(2). 2 Gol,_Caurtry Club 3 : 03 CM&StP 4% 89, 3 minal Co. and ncw president of Motor 1815 Nat Steel (2). 9 1% Truax Traer Coal Co | Wash. MKki. Coid Storage 55 . .| CMStP&P b8 '75.. 120 Terminals Co. 5 2 2!5 Twin City Rap Trasit CM&StPadjbs.. 101 e s 2014 Nat § £ 308 13t Twin City R Tr pf (1) STOCKS. ET\&“';‘“ En4s'ST 5 Een 4 New York Central, parent of the LK Narsusty - 2o Ulen & Co.. 5 2 S e T T ChTR a3 2 Penn 6345 38 n inci 3 N th J 700! 4 x Chi&NW 2 3¢ Penn P&L 4 i P i e ot N prothere e 274 Unlon Carb & (2.60). 9 St e Shem: o, tey c A SR % Peoplcat Gt urer: idea favorably and had the company N st 7 fi:"g:‘g“lc‘:;f'l"n‘f) N & W oft (12 oo CPIRI&Prf4s'34 52 43 g 31, | Pere Mar 4153 '80. . collaborate with it in establishing a 21 Newton Steel. £ Des Union Pacific pf (4). | Pot. Elec 5 ChiRI&P4%s'62 27 3 35 3 Pere M ls‘; 58 °'66.. = o t - h. container service between Cleveland and N Y Alr Prake 5 6 1 = & Wash. Rwy. & Elec. com o Chi R lcv 416860, b s | Peru Chicago. Later Cincinnati Motor Ter- % N Y.Centeal, . 216098 291 UnSTankiCari(1.60). 1 | Rwy. & EL pfd 3 okican) Chi Un Bta 434563, Peru 6s 61 minal started a service, now in use, be- ¥ Chicags & St L Unit Afreratt'of (35, NATIONAL BAN Chi Un Sta 634 ‘63 5 Phila Co 55 67 C& W Ind 5%s 62 751, | Phila Elec 4871 Unit Am Bosch. ..... Capital (1) ... ki ‘ Unit Biscut (2) Commereiat' (stambed) (10) 200 | Chile 83 60 Phil & Read = Philippine R . 2 Unit Biscuit pf (7 8| 2% . truck body idea a decade ago because Unit Carbon Fed. = 3 - .| Ehillip Pet 5% 8 '39 they were interested in developing new Y'Ont & Western.. 2 DAt Cigar Stores. .. S oo el P C C&StL 53 A '70. giant types of box cars, unmindful that N Y Shipbuilding. 3 Unit Car Strapt(6) Nlas o yie i Poland 7a 47 the hand-to-mouth buying policy of , N Y Steam pf (6 it Co i TE s 79 JELN : Christiana 6s '54. .. 2., | Boland 8550 merchants—to reduce_inventories—was 99% N Y Steam 1st pf(7) x 308 Uait Corp pt (3) Washington (13" CCC&St L4s E'17 el LY lowering the transportation unit {rom Noranda Mines (2)..x 4§ Unit Electric Coal 3 TRUST COMPANY Cleverm (ix Do Rk e s c carload to the truckload. ay 4 Norfol outhern. Unit Frut: i “lev Term 5%s * ) 4. there is considerable jockeying for Norf & Westn (112). 5 5% \-nit GeonTont 30 5 5 Amer. Sec. & Tr. Co. ¢ 2 Cologne 8%harso. s & BosiTal &S Sabrt poritions among truck companies, con- Norf & Westn pf (4) 10s Unit Gas&Im pf(5) ; ottt Ot (8 Colomb 65 Jan '6 Hherrcas oo tainer services, forwarding companies North Am Aviation. 11 2! 9% Unit Plece D W (2).. 3 Prince Georges Bk. & To. (3. 28 4 Colomb 6861 Oct. , e ;x} 3 . and railroads in the swiftly changing Nor Amer(bl0%stk) 143 + 5 Unit Plece DWpf 6% 2108 AT TTCNE 0 Colop Of1 6538, B American transpertation scene. North Amer pf (3).. 1 5 U S Distributing. ... Yl fo = Colo'® Sou 448 '35. E 5% | pub Sv sc"c' Hebe RSN North Am Ed pf (6). 1 US& For Secpf(6), 1 SAVINGS BLIK. Colo & Sou 414580 o Nor Ger Lloyd m2.56 “ USFreight........ 5 513 Bank of Bethesda (65) ; 80 | Col GE 58 May'52 Sonte Northern Pacific3).. U S Gypsum (1.60)..x 29 4 Com. & Savings (10),; “35" " | Col G&E cou 5 5 Queensiana 6s "47 Busi N Northwest Tele (3). 5 4 U S Hoffman........ 8 Esst Washington (12) I8t Com Inves 5 i Queensiana 7s *¢1. usiness Notes Norwalk Tire & R pt S Indus Alcohol 37 % Sec. Sav. & Com, BK. (17000 500 | Consum Pow 58 '52 i Yo% 5% Onio ¢ Leather Seventh Street (12).. e s Rem R 5%3 A "47.. 5% Ohio O L United States (30) .. : . Rhinelbe 7s 4. ... Leather (A). Wash. Mechanica (30)..0.000000 60 | CCMd 1strf 58’60, Rnine West 63’62 ey ((7“ . FIRE INSURANCE. g:: g ';Y ‘;&' s Rhine West 68 '5: e R American (12). A = ot e 100 | Rhine West 6; Plpe&Fy 1st 1. Corcoran (10) e 180 . . 1 ¥ Rich Ofl Cal 6s *4. Realty & Imp, 6 6 Piremen's (8 00 Cuba Nor 6% "43.. Rio de Jan 6 3% Otls Steel:....ceves Rubber.... Sl o Del & Hud rt 4a 34, < | Rio de Jan 83 In many instances, manufacturers’ 4015 Outlet Co (4). e k TITLE INSURANCE. Del Pwr&L 4358 71 R Gr Do Sul 6s stocks of merchandise were 50 low that 20% Owens I11'Glass (2). UlSsmtgAiRer ;1;‘.‘ Columpla, (@) Denmark 4%s 62 : R Gr Do Sul §5'46 Lt & i s nmediate deliveries were impossible t0 | em————————ee J S Smtg&Ref p! e L Ry 2 €5, argain hunters wi appear in the ke. Some cmphasis was placed on 20% Uacific Gan & E1 (2784208 34 % U S Steel Corpn (4). MISCELLANECUS, DB Bohe e i’l!?f:;vlfl‘[l;. S 3 |closing days of the year to take ad- tter goods and the opinion was that 5 35 Pacific Lighting 3). 5 bl BT 94 U S Steel pf (7). Barber & Ross. Inc.. s . DERGW b8 55, 05 o Rome 6145 52 g g 62 | vantage of this kind: of selling. This retailers could have done a large vol- 8 Pacific Mills........ 190s 8 % 59 U S Tobacco (4.40). 2 Gol. Medical Bide. Corp. (¢) 3 |DRGa& wssTs | Roy D 45 45 w1 2 ot always happened in past years and um- of business in these ranges if they % 97'3 Pacific Tel&Teleg(7) 80s L 9 nited Stores (A)... 26 3 5 JiCol. Sandi Gravelprd, (17 Det E G&R4% 861 e o g 25 one of tha prinsipal developments had been better prepared. Orders for 114 Pacific T& T pf (6). 208 114 United Stores pf (4) 2 of 3 oc. pra Det Edison ré seds 1 $1 LESF In 4 A 60 3 o7 31, vhich inspired the major zally in January sales events are coming in % 4 Packard Motor (40c) 114 4. 5 157 Univ Leaf Tob (2).. el k) Deutsche Bk 68 ‘32 9 |StL&SFd4ls'7s ' | stocks last January. slower than in former years, but an 20 Pan-AmFPetB(1.60). 2 7ia 24 Univ Pic 1st pf (8). j | edersliBtorase s 22 % s 7 2! SIL&SF p 153 B'B0 s -Am. Co. . (1.200) <81 Dodge Br cl ¢ upturn in women’s coats for promotions % Panhandle Pro&Ret. 1 4 Univ Pipe& Rad.... 6 o B e 3 g8 Brely| StLS W 1st 43 '89. 5 F: — is expected this week. DRiTar Rupi(bio% atk). 454 Util Pwr&Lt (A) (2) Lanston Monotype (6} ] 5 bt s Park U 55 - ; Mer. Tr. & Stge. com, {i0} Results of branch store operation 1% Parmelee Transport. % Vadasco Sales Corp.. ¥ 1% % ;«}:;-“Kh_';" ‘L‘lefiu?ypé © during the period of the depression have % Pathe Exchange..... % - % 14 Vadsco Sales pt Natl Bge " Inv. pid, ). . 3 not proved particularly favorable for 14 Pathe Exchange (A). s yaheamcorn Feogles Drus Stores pid, (61s). *80, 84 Sao Paulo 8s°5 the general department store operating 43 Patino Mines. .. - % 38 R CorRiGhem : curlty Storage (46).... .. 0.1 100 s & 9 Saxon P W 6% #51. Un Pac 1at 4347 such units, trade circles tn New York 2 Peerless Motor Car... 2% Va-Car Chem 6% fl;~ 2% Corp. s Saxon 7s"4b.... Un Pac 4563 . reported. Sales have fallen off to & 22 Penick & Ford(11%) 85 Va-Caro Chem ‘;f ) ) o Seab A L rf4s'59. 3 3 3 |UnPacrf4s2003., somewhat greater extent than those in 27% Penney (J C) (2.40). 81 Va Elec&Pwr pf (6). : . Bidg. Corp. ) Seab A L 45 5t '50. A Unit Drg cv 68 '53. the main unit, owing to the desire of % 85 Penney(JC)pPfA (6) 3 Eik yalinDeln(D. Wwdwd. Rt 3 Seab A L adj 58 '49. 1 |UtdKing 5% many customers to ship in the keenly 1 Penn Dixie Cement. . o2 _ValmaTelnpt ), Woodw L 2 Seah A Lev 3 U'S Rub 18t 5847, competitive retail shopping centers. For 5 Penn Dixie Cmtpf.. - 4 T Wabash R .. ‘ ‘ {Ex dividend 2 extra, i o 54l UnSt W 6%s AT, the specialty type of organization, how- 17% Penna Rallroad (2).. 1187 3 1% Wabash RR (A).. 2 5 | B3 extra. 2 5 . k 3 2y | Ud St W 6168A°51.. ever, the branch store was credited with 15% Peop Drug Strs (1).. 17% Waldorf Sys (1%).. % 20 % | e extra - 62.. 1 Tis 3702 | Ud St W 54sC'51.. Wworking out to advantage. 1% 78 Peoples D'S pf (63%) 7 24 Walworth Co. : AL Fond 180 4 35 c 5814 5813 | Uruguay 6s 60 —— 118 Peoples Gas(Chi)(8) Z 1% V’ard Bakin. 2 ¢ 4| S S l‘rlm'l D7y 2 Shell Un O11 49. 5 5819 | l'ruguay 8s 46.... Recommendations regarding a co- 6 Pere Marquette pf... , 24 \ard Baking of « 2 il i 5 French 784 o 1 1 Shinyetsu 63%s '52. 38% 38l | Utah P& L 5s '44.. operative advertising campaign by chain 4 9 Pere Marquette pr pf : 24 Warn Bros Picture: 9 Company Official Resigns. Fronch 1% Sinclair Oil 6%48'38 9 77 Utll Pw 53 59 ww. stgr> interests may be made by the s 4 PetCorpofAm (1) Y 1 Warner Quinlan. ... 1% + %| BATTIMORE, December 15 (Special). b Sinc O 7scv A '37.. 7 7 Util Pow 5%8°47.. Public Relations Committee of the Na- 6 ? Phelps Dodge Co. ... : % 8% Warren Bros....... 4 Warner D, Huntington has resigned | Gelsenk'hen 6 Sinc Cr O 6%s ‘38, S ticnal Chain Store Association at a 314 Phila&Reading C& 1 y % 16 Warren Broscv pt3. 1508 16 a5 vice president of the Davison Chemi- : 2 | Sinc P L 5’42 8 meeting scheduled to be held shortly 13% Warren Fdy & P 1.20x 4 18% a1 Go."and will sssume the duties of 3 Skelly Ofl 5348 650K | ot e 52 i after the first of the year. The aim of % Webster Eisenlohr.. 1 % + % Jiractor of fertilizer sales of the Ameri- s Sotssons > VSRS & bt the campaign would be to emphasize 14 41 Phoenix Hos pt (7) 1 Wells Fargo........ 300s 1 1 can Cyanamid Co. of New York on|SenPSv6y%s-39.. 15 Sou Bell T&T 61 41 Mty the advantages of chain store purchas- 514 Plerce-ATroW. ...... 12% Wesson Ofl&Sno(2).x 8 January 1, the day after his resignation | Gen St Cas 5%’ L SW Bell T 68 A "54. 00% ing by consumers. 39% Plerce-Arrow pf (6). Wesson O&Sno pf{(4) 6 % | from Davison's becomes effective. 5 Sou Pacref 48 S6.. Wabash 1at 5s 28 —_— Y% % Plerce Ofl. West Pa Elec A (7).. 10 Mr. Huntington has been assoclated SouPac 4%s'6s... 9 Vabas] et FOREIGN EXCHANGE 41 Bieres potroi West a5 bt (1.0 308 A e R ; Sou Facasa v Wabash 63D -0 2 erce est Pa El p s tion of 2 o 5 4 K <Quotations furnished by W. B, Hibbs & Co) 20 Pilisbury Flour ( West Pa Pwr pf (6). 108 e e e bo o L o8 \Yoce | Gex Cun B 65400 49 Sou P&OT 4%48 1. Wabash 5345 ‘75 EOI o L OF e k pncky 261 Pirelll (A) (m3.13).. West Pa Pwr pf (7). 308 A R are than 16 years. He has also|German 7srep’4s. 37 6... Walworth 63 A '45. London, pound . 6 344 57 Pitts Coal.... Western Dairy (A).. 3 been vice president of the Silica Gel | Gorman Bank 7s ‘60 S 3 : \\11\\-3:7;)?‘.46:3; Paris S 2 g 3 Pittsbgh Screw & B.. Western Dairy (B).. Corporation since its organization. He|GerGenEl7s'45... 4 s { rn . Is. belea. - 139 13.89 113 Pitts United Corp. Western Maryland ? has been active in work of the National | Goodrich cvy StOilNJ 58 S 100 9 99 6% Pittston Co. ... Western Pacific Fertilizer Association and was chairman | Goodyr Rub b JLOINT e36ub1. 25 g6 g6 e 3" Poor & Co (B)...... Western Paciic pt. 4 3, W ilof its Soil Improvement Committee for | GrandTr sf db és3¢ 18 85 ERISRRINRS sy HO I "| West El db 63 44 2% Ir”g:l( fi'i.‘.‘."&-?fi?x’s‘)’ \iviiiff."hfifl"(”s'f»); < fi 2 AR 14|14 vears. 33'}3032‘,‘,'?‘, 1 68, ; TAlWAD DB 5"',' 57% West Md 48°52. ... 4 ghse A B(2). - ] | Tenn E1 P 6s A 47, 934 9 vest Md 5148 - 5% Postal Tel&Cable pf. Westinghouse (234). 99 y % Grt Nor gn 7s '8 B Corp Saries West Md 5%48 ol Wsthse EM 1stm3% 60 701 TREASURY CERTIFICATES. | ¢4-52 e : West Pac bs 4. Weston Elec Instru. . W T | (Reported by 3. & W. Sellgman & Co. | Hoe & Co 6 30 g Whito Motora. 6 9% 9 9 Bt Maren 15, 1992 Phiga 100 Raaauen 2 o % g " 0 992833 100 u r£58'67.. White Rock (14%) Tt Bene. '3, W93l $7138.33 '8 433 HumbleOll 58 a7, 2 bl 5 T R T 8% 98% 98% . (Continued on Page A: : fitfi-*m g M H HumbleO 58’33 lul ;:m 100> 100% - Tobo B) Pw78’56,; 14 508 ; Ygotn SAT 53 A'T8, n A » | < SO EFFFEFF ot 10 P ND RN BRI AN D AN D W R twren Cincinrati, Dayton, Toledo and N N Y Chi & StL pf. Detroit. N N N 7 Y & Harlem (5) Y Investors...... Y, N H & Hartford 32 Railrcads ignored the demountable L4 144441 Brokers’ Comment — NEW YORK. December 15.—Brokers' comment on the stock market was rather negative today. Spectal year- end selling, some pointed out, might be broken by a technical rally. Redmond & Co—We feel that, re- gerdless of the general trend, which cbviously is still downward, the market is entitled to a technical rally after its recent protracted decline, but there | Was no indication that such a rally was near at the close of the .market last night. Jackson Bros. Boesel & Co.—We cannot escape the conclusion that in- stitutional tax selling incident to year- end accounting has & great deal to do with the present irregularity in the stock market. It is a foregone con- clusion that the type of liquidation which is classified as “window dress- ing” will run its course when the year runs out. It is safe to assume that 8 s Rom NEW YORK, December 15.—Ac- 3% OlivFarm EQ pr pf. - tiviiy i1 the New York wholesale mar- 1% Omnibus COrp....... kels wos featured last week by last- 4% Orpheum Circuit pt.. minute tush orders for holiday trade. LEROnEElsvator (W) cgaccagaa nunnnnnn E F ] & g s a 2 acwSnoppone= oo DT IUTSTOTSTES- S Sib e, oo 1% Pressed Steel Car. Stcckholm, crown. . . 6% Pressed Steel Car pf.. R IR T 39% }P’;ocl&mmb (2.40). ‘Textiles used in hospitals are being - 6 1% Pro & Refiner: @andardized in Germang, .16 8% Prod & Refiners pf. ., 9 AR ANORN DD s 5