Evening Star Newspaper, December 19, 1931, Page 14

A—14 #x% FINANCIAL, THE EVENING STAR. WASHINGTON,-D. (. SATURDAY, DECEMBER 19, 1931, FINANCIAT FREIGHT DECREASE | NEW YORK STOCK EXCHANGE | |BOND PRICE GAINS | (oo BONDS s (HANGE IN VRGN Received by Private Wire Direct to The Star Ofice. Received by Private Wire Direct 0 The Star Ofice ITED STATES, Sales. High. Low. Close. IN EAS.I- FUREBASI cilOontinyet o T B Ty ldend e e e EXTENDED FURIHER b Int& Gr Nor 58’56, 20 3813 357 545 BANK I-AWS URGEB Bou tRErn EacHa (0 o ey Loy Close CHES) Sales. Hign. Low. Close. |Int&GrNor 68’62, 22 48% 43 4d% ——1931— Stock and Sales— Net. 34k 32% 32% Lib 3158 32-47 984 9720 954 |[Int&GNadés’'$2. 1 23 23 23 Gty mien Dividend Rate. Add 00 Hich Low. Close. Chis Sl Mlmey... I8 O B B+ % List4%s32-47 52 1022 9929100 |IntHydroEl6s'4d. 22 48 45 47 e Montgomery Ward. 02 8l T K v Southern lhszg\'n&zf 716 1 }:: Tk Vol § L4th44e3s 381851008 1001 1002 | Ia¢ MCobwrotitl.. 18 % 48 o Legislat A - 85w Morris & Essex(3%) 40s B e . e s 3 +2' i US3s1951-6.. 210 87 14 8630 86 30| Int Match 58 4B% d4u 45 2 Drop of 4.1 Per Cent Esti-| ss sox Morrisa prsexa) 4oz Sralding (A ). S6e 134 10 134 1 olume of Trading Expands |u et RR BRI R 0 g egislators Announce Inten . an Motor Meter G& El. 3 rks- gton., 3 + 18 : US3%sM41-3 12 9424 9416 9424|IntPap5sA‘éT.... 1 54 54 : A mated for First Three | i 15" Motor Produets (). 1 plcer MEg. ... . 6 8w+ al asleading Issues SCOre |US3RaTa0s. 27 uas 46 o458|Intbapeabhess 8 3% 32 | tions to Introduce Bills in 360 Mullins Mfe........ 2 Stana Brands (130, sb 1 15 1 il USIRGUTAT. 10 9420 8420 9420| Int Ry CA 1824 26% 721, Nullins Mfg pf... 50s 4 Sta ¢ B Sl ik gl US4s44-54.... 51 100 6 99 28 100 n .’ 41 i Months of 1932. . R A Stand Brands pf (7). 2 116 114% 114% —1% Advances. US4%s 47520607 101 18 1015 1019 |Int TAT cv 453> 24 46 “ Next Legislature. e i 2::'.:332':;};7;‘5" Boenn o o IntT & T 68'66....115 42 o e Ash Motors (D 50 157 S B D 291 + 15 : Italy 7s ‘51 19 84y 888 Special Dispateh to The Star. B QR ST Sat0e D SiabdowEAR Pl 34 2% BY F. H. RICHARDSON. | AbitibPaP fe'ss Italy Pub S 7s’63.. 16 62 62 | By the Associated Press. . at Acme Co....... 2% and Ol of Cal(2%) 6422 268 - 3 2 NEW YORK, December 19.—Esti- at Bella Hess. .. 10 1% .nul(!llnfl{.nn“.)e z; 9 o Special Dispatch to The Star. Allegheny 6s’49... Japanese 5% 29 6% 75%| STANLEY, Vi December 19.—A mated carloadings of freight to be at Biscuit (2.80) 62 42 and Ofl NJ (12), Japanese 634354, 47 86l . 8324 28 -1%| NEW YORK, December 19.—Bonds|Allegheny 6s°60. .. erling Secur (A)., 10 Allis-Chalm 5s 37, 85 |separate State banking department was advocated yesterday by Delegate C. at Cash Reg A 1%. 16 10% at Dawory (260).... 182 24% Jugosl Bnk 78 '57 2 30 moved in the Atlantic States territory 11 " “ + !« advanced strongly again today ‘Trad- erling Secur pf, e Am F P 552030.... 36 during the first three months of 1932 | at Dept Stores..... 4 1 Sterling Secur ov'pf. 1 71 ing was in large volume. AmIGCh sl s, A RNy = C. Lauderback, representing Page and will be 4.1 cent below the actual Nat Dist I'rod «2)... 14 ewart Wak A 5% + 'a| The market opened sharply higher, |Am Intl5ies°49.... 36 70 Kan City Sou 58’60, 38 ; Warren Countles in the General As- shipments mede during the correspond- | Nat Lead of A (7). SlonetWebater(ms) 11 11% . | with the railroads and the forelgn list tAr!n"];:e:’;liLB“?'us'l‘I.. 12 563 Kan City Ter 4s°60. & sembly. ::}‘.m‘ x'x;‘ m{n\ of the Atlantic | rety.(2) . iperheater Corp(1) 1 15 the prospect of a successful termina-{Am Sug Ref 63°37. 6 1025 102% 102% | Kend 6% 5 bly, to be convened in the capital next States Shippers’ Advisory Board in ses- | at Tea (1). mington (A)..... 2 1% + % | tion of the negotiations between the AMT&Tcv4%s'39 43 10315 103 103' | Kresge Found 636 1 month, Mr. Lauderback said that sion he Nev Con Cop (10¢) CIRULORTABD (T40). 2 111, 11, 111 + 1| Tallroads and their employes on wage|AMTET03'65, .. 40 95 97 "9713| Kreug & Toll 5w'63. 19 some “very practical” laws relating to The reports of all commodities listed Newport Industries. Tennessoe Coroms. .. 5 reductions was a cogent reason for bid- | AT T&Totr bs 46. 22 991 99 99 |, g0 gy 1 banking were presented in the 1930 disclosed that it will require 611.259 NSNS e Texas Corp (2) 13 ding up prices. It was estimated that | A T&TI88 /80, T 9w 9733 07| pa€ B USRS Sy 5 session. He added, however, that “but, cars to handle the business that is to NY Central......... Tex Gulf Sulphur(3) 65 the carriers would have a saving of Am e \Vk%; fl! - 86 1023 102 10214 Lautaro Nit H few passed that materially improved be offered by the basic industries in the N Y Chicago & StL. Tex Pacific Coal&Oll & $200,000.000 from this item alone in |A™ W Wkebs 4. 1 k3 s g3 | pRIOR T H some of the weak features existing in East during January, February and YCh&SLpf.,.. 11 6 Mex FaoineilanalTy: 1y 1932, with $100000000 additional to| 4™ Wat\Wks8s'78 13 67 65 65 jLehValerd 3 our Stat. banking laws.” March next. and while there ave a few Y & Harlem (5) ! 2 BatibriVedETroiivate frtr s 5en. kpwsr.. 3 5 @ 98 B e SR As important as the banking busi- lines that will move in heavier volume 4 N Y Inestors..... 3 The advances were most emphatic in | ATEentine 58°45... 1 49 49 49 |Toew's 65 ex w'sl., 27 ness is to the life of the State and Na- than d the same three months of Y. N H & Hartford 5 1 the second and third grade list. Erie |Arrentine5l4s’62. 14 239% 384 39% | Lorillard 58 '51. 5 tion, I think it very necessary that we . the vast majority indicate a | YNH&Hpf (7). Thompson Prod 1 20, 6 5s, Eric general liens and Erie B bs |Argentine 6sJu'sd. 16 46's 464 46% | Loriliard 5 %8 2 have a separate banking department, to in_business, Actual carlead- | X DnliSiesionn ¢ Thompson Starrett.. were all more than 3 points higher. Al- | ATEentine 650c'53. 2 4315 4513 4513 | Foa are ooveor " 25 be composed of a well rounded organ- ter of 1931 aggre- Y Steam 1st pf(7). Tide Water Asso Ofl. 13 eghany Corporaticn 5s advanced about | ATE€Ntine 6sA’57. 6 455 454 45% | [.ou G & El 5 1 ization of men experienced in banking, | ansmdx Mingesi@ e Tide Water As pf(6) 5 2 points. Sharp gains occurred in Bal- | ATEentine 63 B '58. : 46% | I, & N unt 4 clothed with broader supervisory pow- 600 at Meeting | NI ide Wat Ol pf (5).. 1 Umore & Ohio 4'.s, Canadian Pacific | AFm Del 5%s 43 60 | Lyons 6s'3. ers than now exist,” Delegate Lauder- imken-Detroft Ax; T 41,5, Chicago Great Wester 4s, Chicago | Atchison gn Keiu KB back sald. Yor Amer(h10 stk) h annual meeting | im! 5 N 31 Jis | Atchiscy 4%8 48, 90 95 |McKes& RE¥«50, : ht together ap- | or Ger Lloyd m2.56 Tobacco Prod A 1560 9 and 51,5, Northern Pacific 65 and Frisco [AUC L4138 /04 T e [ReMER Some of the banking measures pro- Iv 600 of the most prominent rthern Pacific 3) Transamerica Corp.. 23 descriptions. Boston & Malne 55 | At Gulf 6359 40 40 | avaleS0 be's D o ooy thiE eonnection were: lroad traflic officials | S Ohio 01 ok 1-Contl Corp. 2 jumped 10 points. Pere Marquette Atl Ref db 5s°37. ., 89 89 | lan 6igs’s3 Reduction of the loan limit to that and while there were | Oliver Farm Equip. . Trico Products. 16 eained 5 points. High-grade rail issues | AUSITalia 438 56, 42 2| RV & L 6e 61 obtaining in national banks, for one ) took an optimistic View Omuibns Corn s e N Vanced iorel coT ket Rry oy Ausiralia 58'55.... 4zist o | MITBHY A Tisn 6 person, firm, etc. busincss conditions, there | 9% Opperheim Coll (2 YRTERHTY 10 Tl trins v erel Gldlxth ceapond o | AusTaNiAlGE! 84 4y |ICRR LIt A required minimum of $50000 found initie reading ot Tlen & ¢ 2 buying. Paramount-Famous-Lasky s | 415r1a 78 43 B B MK &Tad)bs 67 capital in all new banks organized, nmodity reports to sup- : Underwood-EI-F (3) 6 jumped 7 points on purchases of a few | AV3(FIa 7857 ctfs. 6% 86% | KT prin 5aA%6E e, rovidon Shat present Geaks e peci. The trunk Otis Steel pr pf- . TR e ale iy bonds. Loews 6s were 5 points higher, | B& O 48548, .. Mo Pac gn 45 75 allowed a certain period of time. suf- “ported them- | Owens (1] Glass i T s L L Phillips Petroleum 5'4s were up 3 |B&O4%s33....0 profCop |ficient to increase theirs to & minimum ion to handle all the 70 Unfon Pacific (10).. 47 Ipoints. _ Others that advanced were | B& O cv %860, . Mo Pac 58 F 17 LTI R there now being a 51 Union Pacificpf (¢). 7 i Dodge Bros. 6s, United States Rubber | B & O Ist 5548 Mo Pac 53 G '78. Reddirement af all directors to hold of available motive | . 16 UnTank Car (1.60).. 2 55, Texas Corporation 5s and Youngs- | B & OrfGs'ss..... Mo Pac 65 H '80. .. 8% Jeast $500 par value of stock in s s HelEhtScars Sittiank . el&Telos (7) 974 Unft Alrcraft....... 136 town Sheet & Tube 5s. Utilities like |B& 065’35, Mo Pac rf 68 °81. .. order that they may qualify as such, i ackard Motor (40¢) 61's 40 Unit Aircraftpf (3). & American Telephone Consolidated | B & O Sw dv 53°50. Mo Pac 5345 A g“dk” low a period of time for present of broadening the gen- Pan-Am Pet B(160). Unit Biscult (2).. 2 {Gas 51,5 and Utah Power & Light | ! & O Toledo 45759 Mobile-Ohio 53 '38. il make adjustments in their of the Atlantic States Par-Pub (b10% stk) Unit Carbon. 5D were 1 1o 2 points higher. B&OP&EWV 4 Mor&Co 13t 4% 8’39 e , 3 for discussion, as also Park & Tilford. ..... Unit Cigar Stor 17 United States Government issues | Bk of Chile 6, * Dairy $% 868 e to D of 4B Pauks Nelyg or- Iroad pick-up | Park Utah. 5 2 Uit Corp (75¢)eeues 516 were still subjected to heavy offerings, | [k Chile 63 St ganized to have stockholders made New York. while Parmelee Transport. Unit Corp pf (3 56 but bids were firmer than on Friday | Belglum 635 tetherlanids €573 Hiable Jor what is known as double n formed Freight Pathe Exchange. Unit Dvewood 1508 and most of the active long-term de- | Beisium 633349 S Gy { liability. allowing present institutions ion_Committee on meas- \ Patino Mines. . Unit Electric Coal..y 1 scriptions gained 2 32 to 10 32. Muni- | Belzlum 7s°6 O A A B e reasonable time to conform to be inaugurated to ‘r!r-l Peerless Motor Car. . Unit Fruit (3). 25 | cipals were also marked up. Belgium 78 5 LesT Extension of authority to the State ims against the | Penick & Ford(t1%) Penney (J C) (240). Penn Dixie Cement. . Penna Rallroad (2).. NOT&M5%s S \Wales 58 '67. S Wales 58 58, Y Cgn3izs 97, [ nit Gas&Im(1.20).. 135 Unit Pice Dye W (1), 1 S & Forn Secur. .. In the foreign dcpartment the fea- | Pell Tel Pa 59 ture was the strength in German dol- | Bell Tell ¥ lar bonds. The testmony of b Banking Department to declare a mora- torium to any and sound bank facing a crisis, through hysteria or nterest. In the | A J. Brosseau, | ucks, Inc, ad-| U S & For Sec pf(6). before the United States Senate Fir el otherwise, as to withdrawal of de- Motor 5 4 3 | Y Cent4s'98. ... Posits el Peoples Gast U S Freight...... | Committee on European debts was in- ¢ Cent db 48 °34. 5 o Cogorss Teoria & Kastern. .. S Gypsum (1.60).. terpreted as favorable to Germiny Y Cent 4138 2013 Mr. Louderback was of the opinion B G dng) Pere Marquette pf. U'S Hoffman. . ! | German Young plan 5''s wire mo fete 292 | that the assembly must practice rigid Country It} 9 Pere Marquette pr pf Indus Alcohol... 7 | than 21, ponts higher. Dawes rej = | economy, asse hat tax increases president of thel Fet Corpof Am (1).. & S Leather. U S Leather (A). U'S ¥ipe & Fdry (2). U S Pipe&Fy 15t 1.20 i Uons 75" gained 3 points and all other | Follvia g 47 German descriptions firmed with them. | 08 &Me os 67 | British s were steady. Ja [ issues gained a point or so. Belgy jis Co. of Washington, | an of the board, | | “onl; iqd to the burden the people are | already bearing." Opposes Tax Raise. Phelps Dodze Co Phila Cc 6% pf (3).. Phila&Readinz C & I Philip Morris&Co(1) conditions | | S AT advanced over b points. French govs | Brazil7s A vigorous opposition to any increase try were touched on | Phillips Petroleum. . 2 US Rubber =) | ernment 7s and 7'.s were higher. So e A { in the gaso tax was expressed by the can Rail- | Plerce Ofl pf. U S Rubber 18t of . .. were Italy's 7s, Austrian 7s and other ; 849, A 1&H 3348 5 [rageiar en delegate. who voiced as well | . Pierce Tetroleum. JSSmtg & Ret (1). 1 Europeans, ! s .. INY NH&H 4506 t “wholesale and boot- evens, dis- | 197, Pillsbury Fiour (2 mts& et pt 1% 38 ] In the South American list ther Pklyn Man 63 ‘68 NH&H 4% 867 m a tax too 3 | 1ix Pites United ¢ U S Steel Corpm (4). 63835s 43 41% 41'5 — 1, less tendency to follow the ady yn Uniba:¢5. . " NH&H clt 65 '4¢ 5 i 40 Pitts United pf (7) U'S Steel pf (). +1 | Brazilian government 6',s and U y| Exiyn Unilsc 681605 "NH&H cd 6548 '8 motor bus and truck regu- N wit 2 Port Ric Am Tob(A) United Stores (A). + 1| 6s were fractionally better. Argent Budapest 6s°62... O&W 15t 48’92, 'd_county government, Mr. S own % Port R Am Tcb (B). United Stores pf (4) — 1, 65 improved JBuenion Alesier By Y Tel 434339, ... g he was willing to base was presented b, Postal Tel&Cable pf. Univ Leaf Tob (3).. 1 5 nEl4t;m31 “1a Sh Md 5% 8 50, reports of the ant vice presidel Prairie Ofl & Gas Univ Leaf Tob pf(8) -1 | o Sl dne 867 ord 648 50 5 commissions study- + Railroad Prairie I T The 1at pt (8- - Washington Stock Exchange “®" 7! e or & Wacvl blems oad Contact ’I‘ve“w‘!; ! 1 | 31 W Util Pwr & Lt A (2) ! g Fhll!q}"«rk!nc TR 0 Am Co 53 °61. ell aé a legislator, >ressed Stee o i T SALE | Canada 4s 60. .. Nor Am Ed 5 an educator, Mr, o iy PN s 2 % Vadasco Sales Corp. ! Cana / o 2 . g ! Commodity Forecast. Bie et moen: Gk e varan o e | Weshlaeon MGas 6 HEAG s1000at | GEo R iS00 N A e terested in educational matters. nor, ma of estimated | S bIIG SveN 3 Bank — an ora Chem...... | 100's, £1,000 at 100, $1.000 at 160, g C5%s 63 e B ok - o 4 [lestimated § Public Sve NJ (3 40). o B ar Chem 6% pf . | $1.000 at 106, $1.000 at 100, $3.000 at (27 NatRv 413856 or O T &L 63’47, Lo sa of January, | Pubi T n | Can Nat 43,535 cr Pac 4397 increasing o < even for ool B Frateny Va-Caro Chem pf (7) 1| 100, $1.000 at 190, $1,000 at 100 o N pose. I believe we has ; | L HITORe M \ 20' Vulean Detin (4) 1'x Washingtor: Gas 6s “B"—$00 at 103 i ey Lulyiee. NogBac 168 3047; i jaye tao mar s curing the 16'« Pullman Corp (3). 1 N o ol 5 3 Can Nat 5s Oet g r St Pw 58 A "41 957, |10 our present day schools. ton many follows e PPure Of) Wabash RR........ + 3, Washington Gas 6s “A"—$100 at 100, | can Nat s 70, " | Norway 6% 8765, .. \s 6515 ! CASY CULS for getting a child tnrotate 10% Purity Balerles (3 : Wabash R 1K) - 8 | $200 at 100. | Can Nor 6355 dh 46 { Norway 6343, 61 f)lfh hool without fitting him w.th 51w ltadio Corp. Sl mal D ,': Bid and Asked Prices. :fi:: ,\a:d‘, an 0 | Norway 68 4¢ 68 | 0¢ Proper fundamentals for later work Norway 6s 52, 1 ‘ 4 4 5 1 1 6 64y 65 | The large number of fa Oreg-Wash 43°61.. 6 2 3 1 R 5 2 3 Ward Baking (A). Radio Corp nf A 3%. ires - col- Tl BONDS. n Pacific 415 46 915 Radio Corppf (B) o5 lege is strong testimony i 7% Radio-Kth Orph Warn Bros Pictures. -l PUBLIG UTILITY in Pac 414560 OtlsitiaevieIcess .; . g y for this 8 A Warner Quinlan. . L Car Clin & O 6s rient dev 5158'58. 5 2Ly FAVORS C GE IN y 457 “n.‘,hm\,{m Ll Sl ol Sere .;‘",f&,f» | Ortent dev 63 '53 591, 581 CHANGE IN LAWS. 813 Raybestos Man( Warren Broscv pf 3. 21, e . Wi : - =i < S 20 - Rexdins Rwy (4) Wellen proscyprd. I Amer, Tel & 7ol 4 e::“r;;h‘qr\:“g PLoGAESe 4z, .. 15 o7 e o, Lovisa Delegate Also Plans Bill to e e i astlonr = e B R | Ches Corp 55 | Pac T&T rf5s°52. . 998, 9o%, a9y, Aid Bankers. AR Efon:land. s ebster-Eisenlhr p = Sy par = | pa 4 p 2 10 ol & 2 9 Rem Rand1stpf.... Wesson Oi1&Sno(2) Sal & Ve H C&Ogenatgsiaz. o 11, g4 |Fan Am Pet 6534, 10013 10013 1001 ' LOUISA. Va, December 19 (. —Dele- 3 Reo Motor Car(40c). o oon G il R CRI& A S Baramountiesidn. 1260 AE44 - 498 Leate Jolin @ RH0des ‘plans (o it 4'x Kepublic Steel Westla liorice) - e e 30 Puris-ly M 63 18 91% 90% 91 |duce a bill for tterment ot A . est P e (7 it 78" 5 o > bill £ betterment o 815 Republic Steel pf West o x,“’r of (7)1 - ons. 8 10 10 | Il\x'r» va‘_Mh s ;l banking conditions” in Virginia in the 7 Reynolds Metls(1%) Western Dy iBiL. e A ¢ 4y || Tathe Exchirea %47 General Assembly to be convened next 331 Reynolds Tob B (3). Weiisinitssiona vi | Washington Gas 41.¢ . enn gn 4 . 74 | month Richfield O11. .. Rio Grande Ofl...... Rossia Insof Amer. . % | Washingion Gas 5s + n Wash. Gas 6s. series A — 11, | Wash! Gas 6s. series B 5. |Penn4sD 81, *| Penn 4’28770, | CMstPaP s 1CM&StPadis Western Pacific p Mr. Rhodes said he was particularly Western Union (6) interested ng a change in the sh. Gas 6s. serie le : Penn 43,363 | State's = Ny & Westinghse A B +1% | Wash. Rwy. & Elec. 4 | anesive 49 | penna’s e ok Ak Roval Dutch of Westinghouse (214). al MISCELLANEOUS [iGaeaviezs - 50 29 | pann gen 55 68 N i e e 2 : AU ) : Chi& NWen4hs 3 T el gen 5 4" | crease in the amount of stock which Safeway Stores (5). Wathse EM 15t m3 % 3! Barber & Ross. Inc. §'s i ia A 3l e sgs st [y e Bae] Sater St e Westvaco Chlor 1.60. ~ % [ Chevy Cliase Club 51 101 CBIGNWY T 552037 40 40 | penn PAL 4138 81, 831 | § o ool Clawi nie: State banik] oty EstenayEialTly e T Columbia o b 5ias ChIRI& Prf s34 T : believing that it sho be at least intry € D C_Paper Mfc 6s Peoples’ 941 §1.000." the Lot 2% ; 9.163 Wheeling Stacl'p o | Siorabe 5 Tevates 6o Ieor & E 3 l0e e Delenate - an Fran pf(6). * hite Motors. .. S Riin eeea. Pere Mar 4° el S commodities = St Louis Southwn pf White Rock (1413) b STOCKS. CoESDInEsie0 Tere M 15t 5 56 jo e e e on its BT jeila Schulte Retall Stores LS P nplach; | PUBLIC UTILITY liCHiTRStien s es Peru 63 80 18 6% S :,},1,;-2 Schulte Stores pf (8) Hlys Oyerlan * | Amer. Tcl & Tel (9) {C& W Ind cn $5'52 Pern 6s°61. 7 Hotalion oF c sl AN civaAN D Willys-Overland pf. “a| Capital Traction Co. i | C&WInden s Peiu7s 59, L S:m Sorporation or dividual should Seaboard Oil. . . Wilson & C. . 4 Ta o+ \}n;\_h soRsDECoR Chile6s 60, ... VhileCobs reduce Sears Roebuck (2%). Sk : ,21 W Por el Shomeel Chileds 61, Phila Eiec 4871, | b L = Second Natl Inv..... ilson & Co pf. 9ty 2 2' | Pot Elec. Power 547, ile f5°63, Phil & Read 6349, i re . st SRt Woolworth (14.40).." 196 40% 39% 40 | Wasn R 8 e ¥ ... I Chite 7942 110" Philltp Det 58 '35 [ "{D‘ Rves‘sm“" Shown Butter—One-pound prints, 36: tub. 35. Sharp & Do pf (334 Worthington Pump.. 54 21 19 19 -1 Was *y. & EL pfd. #4 % Chile Cop db 5s '47 Pirell : NEW YORK. December 19 (Special). Eggs—Hennery, 28a33; current re-| attuck (FG)(t1%) Wrigley (Wm) (4) 5 54 53 54 -2 | NATIONAL BANK : PCC&StL 58 B '75. |—In spite of the fact that both sto~k ceipts, Shell Unfon Ofl. . Vellow Truck. .. 8 3 am an .o Gapital a4 CC& P& W ValssC60. A na aversges Souched new low Poultry, alive—Turkeys, young toms Shell Union Oil pf. 7 onito B o CorniiL S GO A et Ll o Clev Term Poland 6s 40...... evels in the first half of this week, and 20a25; old toms, 18a20; old Shubertilsators 14 it Zonite Prod Corp (1) Tw 7w Y | Distric (8) y | Clev Term ! Poland 7s'47.. ..., there are encouraging signs in both hen chickens, 3 vounds and Simnions Co. ..... | RIGHIS—EXPIRE. Fed “Amer Natl. Bk. & Tr Colomb 6: Poland 8s ‘50 . 2 markets along » line of resistance ove 2 to 2!, pounds, 20a22 " » Simms Petroleum. .. | 7w PeopGL&C..Jan15 50 1% 1y 11, 4 '«*f‘ig::,m an “olomb 68’61 Oct Port Gn El 4% 8'60. from quarters that have not been ac- Spr hens, 14a16; Leg- Sinclair Consol Ol Dividend rates as given in the above table are the annual eash | Metropol-tan (14 | Colo & Sou 414535 tive heretofore. The total volume of clair Con ai cash horn hens, 13a15: roosters, 10al2; keats, | < payments based on the latest cusrterly or hll'll-;yurly declarations. | Riggs (15¢) Colo & Sou 41,580 5 3 ! | Pos Tel & C 58'52 cash buving has been small compared young, 40a45: o 5 NEx-divicend sLess than 100 shares tlv extra :Pius | Second (9e | e Z th ich E 5 4% in stock Plus 9% in stock a Paid last vear—no Washington (13) | Cor ¢ 7 Prussia 6352 With that which took place in the May- Poultry, dressed—Turkeys, young | SOIVATA Ot (52%) b Pavable mn stock. e Pavabla in cash of stock - T Pina bes in staig | Voshington (13 ol G&E cou 5861, 25 11 BUbiIcISer s June break and in the September-Oo hens and toms. 27a28: old toms, 24a26 South Port RlcoSus DRl 2% in stock ' Elus 50¢ In epecial oreferred stack ” & Blus TRUST COMPANY Com Inves514s'49. 12 &4 Pub Sv G 41867 tober decline. This is quite natural in old hens, 30a32; chickens, 3 pounds and | Southn Cal Ed (2) S 3 2%% in stock, Tate. nPlus 8% In Amer. Sec. & Tr. Co. (15) 209 Con G NY 414551, 14 95 Pub Sv G 4%s'70 | view of the losses which buyers at the pounds, 2a24: |ConG N Y 51845, 16 10 10 1007 Natl Sav. & Tr. (121 Prince Georges Bk. & Tr. (6) . 16 choice, 15 EXPLOIT NEW FIELDS | 5k of pern® ™08 29 oot rua e an'si, o wiod tars common: it IS SEEN BY NOTED ECONOMIST B e CR Pure Ol 5148 '37. Queensiana 83 *47.. Queensiana 7s°41.. Rem Arms 65 A '37 Rem R5%43 A "47.. Rhinelbe 7s '46 Rnine West 6352, Rhine West 63 '55. . Rhine West 75 '50.. Rich Ofl Cal 63 '44. Riode Jan 6%s ‘53, Rio de Jan 8s'46. .. two_previous levels experienced. The market. however, is not without its friends. These have been in evi- dence even in the railroad department in spite of the general prejudice against railroad shares. 1In the last day or two substantial orders have been placed in the market for under- lving railroad bonds. Brokers who d pend primarily cn tee day-to-day course of the markst to determine their trading policies still persist in the be- Consum Pow 5s '52 horn hens, Island ducks, Meats: good, 12 pri 14 q 121,a13; pork East’ Washingion (12} Denmark 414 s | t . medium. 121,a13; pe 9 i Denmaris loing, 8 10 10 pounds, 10a10'z; 10 m} German petroleum leaders are ex- | Seventh Street (121 | Denmark 6542 B ’;""}”* 13 sh "“5“ 1(,8 ;,',fnk,’g . an Do mlumdr;g rPrenngfldlscn\'rred beds of | United States (30, - Ir:iggr“cn 45" pounds, 13: 18 10 22 pounds, 10: smok C L dP = |oils discovered below Volkenroda pot- | "*s"- i (e RG W 5s hams, 19030: strip bacon, 1930 laid. ol. Leonar - Ayres Pays Americ olls dizcow po FIRE INSURANCE, Det E G&I4 15561 80-pound tins, 9; package, 10; com- By the Associated Press, Potomac (10 Sec. Sav. & Com Bk A dispatch to the Commerce De-|American (121, ....... 215 .| Dot Edison rf 5543 5 9513 99% | R Gr Do Sul § "68s lief thal there must be one or two ses- pounds, Tatis. = ooo wen | lar, Federal Reserve System and Bank~ [pufimentrsses fhiel Sommerce 1 s Gorcoren, (- B8y |DentscheBkesaz. 1 1t Gr Do Sul 84 46, A e tot e o s heavy, des e s ) becoming an important factor in total | Natiens Union " i15) 15 30 | Dodge Brcl 6540, Rome 6348 '52..... WHerek inveeieaap B e o e SR R e i lng World Have Weathered Storm, D afichl J?g;;";g?,‘,‘{;*; TITLE INSURANCE. Duteh Bast 1 a'ty. Roy Dds'45 ww... be made. Unless this develops before 3.006.00. : o the wells in the first eight months of | Sori Errate * k) 145 169’3 |Dutch East16s'62. 9 St L&SF In 48 A 60 63 the end of this week. it is not expected 3 Strawberries, pint, 25; grap ——— = this year. Total German production thouse, per pound, 50 : dting the : n ; Tokays, 225, pine. | By the Associated Press of industry, which in turn made Hts| i, g the same time was 750,461 bar Col. Medical Bids. Comp. (6 0: apples, | CLEVELAND, December 19.—In the | verious tvpes of ‘:fct‘ir;“?:la?i"vs; Sal- | "Fhe crude from the new source 1 | 5 c R GAYL A fancy boxX | opinion of Col. Leonard P. Ayres, vice Uable. and increased the said to contain a high percentage of | Dist. Natl. Sec ptd, (7). 2.75a3.00; alli- 5 : den of all debts gasoline, the average bein SRR LT LR e 23.00; bananas, 75a2.50; | President of the Cleveland Trust Co.| “.ris in turn caused the contraction | §459n€; the averag € from 20 to | Federal storase pd. '8 . i 7523.25; California, ' and nationally recognized business|of credit. Banks began to lighten their | Fed-Am. Go. pla. (6 : lemons, 3.50a6.00; grapefruit to put in an appearance during the remainder of the month. Therefore many incline to the belief that the lnw averages for the year are now beinz made. Belgium, b MISCELLANEOUS, EastCSug Tws'37 2 Erie 1st con 45 '96 Eriecon 4s A '53. Erie conv 4s B Erie gen ¢s. Brie cv Erle 35 '75. StL&SF4%s'78.119 StL&SF p16sB'60 17 StS Wen4s'32. Sao Pau 7840 ret Sao Paulo 83 '50 Saxon P'W 6%8'51. Saxon 7s'45 Seab A L cv Sales Record Established. 45 analyst, the two main forces which | security investments and to force many Lanston ‘Monotype (6). . ¢ Finland 5145 '58 1 | Sea All Fla 6s B '35 NEW YORK, December 19 (#)—A uart, 12':al5 " o - | borrowers also to sell securities which 5 Mer. Tr. & Stge. com. (i Finland 78 '50. 1 Seine 7s '42. sales record for November for ow " persimimons, bas. , CRused the country's depression, have | pog®yt f00n 10 Sl SeCPUS TOND Business Notes Merveninaier Linotape. (6} " Fia E Coast 6374, 10 Serbs-Cr-S1 5 York. organiiion o Eris e ‘ reached the end of their ropes. Re-lending virtually stopped and il g.ulmae_ & dnv pa, 6 Fram I D 7%s2.. 10 | Serbs-Cr-S1 8s°62.. established with customer ~billings " 01 Vegetables — Potatoes, Maine, 100- | Making his annual address before the | dustry was left financially “cramped. Real Bt M- & & pra (8) | French 7s"4s Shell Un Ol1 58 47+ Der @bt diove fhost for e e pound sackss, 1.25: New ¥ork, 150-pound | Cleveland Chember of Commerce, Col. | *It wes good banking in each sep-| NEW YORK, December 19.—Holiday | Beouriy Siorsee b French 7345 '41. Shell Un Ofl bs 49. month last vear. December business to sacks, 15; Idaho bakers.” 100-pound | Avres said these two great forces'vere | arate case.” Colonal Ayres said, “for buying of merchadise s expected by | T6r. S0, & Wi Corp. (3 Gelsenkhen 6s'34.. 1 Sninyetsu€ies 2. date indicates a record for this month sacks, 2.25: sweets, Eastern Shore, 50a | the collapse of wholesale prices and it protected the bank and its deposi- | be swelled by the last.minute decision | n'ACaP e %on? %w'40 S nclsicOlle a8 Gen Baking 54840 5 Gen Cable 53547, 4 4 Gen Motors 63 '37 according to the company. T5; red. 7508 wce, Iccberg, 3.75a , the contracticn of credit under pressure | tors, but 450: Florida, 2 broceoli, 350; {of the banks. defer business recovel caulifiower, 1.75a2.00; carrots, California, | _After two years of economic strain, | its general results tended to | of many to give " the unfavorable Sinc O 7scv A "37.. SineCrO6%s'38.. Sinc P L 68 g Chi; Wash. Med. Blde. Corp. Retailers look for the high tide of —_—— - o Wage Reductions. *ex dividend. 52 Gen St Cas 5%s" 2 Solssons 6 Sales. High ates, carby. bushel, 75a100; | Col. Ayres found that the American | 5 Christmas shoppitg to be register b Books_ closed. 72 " d . y oAl E Shiing beans, 15082,00; Hmas, 2.5083.80; | dollar, the Feastal Resceve snd. the| The next reaction of the lowered |the five-day period em:llngmfaeec(:nxn13 pdsc extra. g3 s R EDR O HaStwensi 5 o peas, 8.0029.00; bects. 100 bunches, 3.00a | American —banking system “have | Drofits was a reduction in many wages | ber 22, i o 3 German Bk 63'38.. 6 S e A Ud St W 534sC'51. . 400, carrors, per 100 bunches,’ 6.00a | weathered the storm triumphently.” ; 22d salarics, which additionally low- e e 17 extra. Ger Cen Bk 63607 18 bl b D e 7 0“‘ salsif 'pf‘\" dozen b‘l\\ChL‘.‘: 1.00a Credit contraction may now b2 ex-| (‘l‘gd the country’s consuming power. The Institute of Carpet Manufactur- 5 —_— Ger Cen Bk 63 60 O - Sou Pac col 4. U::'\).’ ey . 1200 peppers. 3.00a3.50; Kale. 50a75; | pected to exercise a waning influence,| I the opinicn of Colonel Ayres, the | €rs of America, Inc, wil consider en- | Unlisted Department. eirear Lsvorzy Sou Pacret Drosliay| el spinach, 752100, mushrooms, 80a1.00: [ the cconomist said. He added that “it | end of the credit crisis was reached |1arging its organisation fo include (These securities not listed under Exchange | Ger Gen El 7 45, 4 S Utah P& L 53 '44. . Hhrnips. 50a60: artiehokos4.00a500: |5 not to be expected that credit ex- |in_October, iobbers and retalers. Admission of the | Rijec ) Goodrich cv 6845, 9 it s Uth Pw 6359 wor. e "(.”g,a‘ ‘per pan, 90a1.00; Florida, | pansicn will_develop pmml;](l_ merel ‘W;Tx::fi‘dchhwt Cb-lxsin-;ssA m“cy(ormcxngrgé | :]n‘}:':il; gfm:h;eg;l;r.; is favorcoiihby a BONDS. M feed e ;:: P;i)r?;fil"h Bipadit iy e " cabbage. new, 40- | because the climax of fears has passed.” | m v Colonel Ayres | z ufacturers, although 5 5 7 d D o o b e [ Fowever thepomien lout ariiar the mew | Eallad ifari balariosd Ui 2ste, ¥ Tnooms)||HEra e saidiis o considerable senti- | ATI;NATY, CIub 5 reniTrat thesie o o el - Vanadium St 58°41. Tk 125 CCetore 350 tomatoet it | Situation, credit expansion again is pos- should be coaxed up and outgo should | ment in the organization against the | Commerciai clup i<t Grand Trunk 740, 14 90% S04 90% | Sou Ry o Vienna 62 52, ... house, 8-pound baskets, 2.00; Florida, | Sible instead of impossible. be pared down,” he said. proposal. | Metropotitan Club. 473 Va Ry lat 63 . Nat. . Ist 5 1 Grt Nor 5s " an manufacturers have | Mt Fress Blds rt Nor 55 7 discontinued their selling operations in STOCKS. ST NoneniTsiae: 1 99 O e ; i GrtNor4%s 77E. 10 64 64 64 |50y Ry 6%s 5l 1t involves calling a halt to piling ou Ry 3-pan crates, 3.00; yellow squash, Commodity Prices. up debts and makmi ;rogress nppay[f Many Ame, 1 bushel baskets, 3.50: eggplant, Tates,| s to the present prices of com-|ing them down. This aotiey s the 7070 70 |StOiINJ 6ss 3 Wabash 4%s°18... &7 90 |5tOIIN Y 43861, Wabash 1st 58°39.. 3.50; cucumbers, pans .of 12, modities, Col. Ayres said that if their | valid objective for the National Gov- | ?:nglanfi as a result of Britain's move 33:3‘,’,‘.“5,5(‘,“‘33, b s gg; Greek 6568 5 4 ;w;aeg;%‘ 54 “;.bls: 5: ?;'7(9 3 EE e T present levels remain for a c-nsiderable | ¢mment, the State. the munfl]cipsmy. | pfi{ej 'g‘;le‘;&“;";::g} -ccortdl&s to re- | Somnecticut pie Co - 1 Halt! 6s'52........ § &1 o HENGiES Wabash 55 D'80... “we shi ? o o corporati e: e sen - | €hr. Heurich Brewery.. 3 7. 30 56 I . 5 Dot il ol Btat e sy s Lralaye it coeotimueh ol corpont eyt ety e | RIS 3 Thestoniainelsentito mana | R SR Incurance Go'.0 23 Hod & M basT . 10 766 16| Tenn Cop 6a thr. T ancis Avis: PARIS, December 19 (M. — The |ing relatively permanent.” In addi-| The speaker's concluding thought | 'UTers Export Association. Tho setien b ElinpatlonalmAnE s o Humble Oil 65 '37.. 2 96 96 | Tenn EIP 6xA 41, i e aehe statement of ihe: Bank of}(jon, he said, lower levels would have |Was that present low-price levels are |Of the manufacturers is due to their | Mumy comat sociis ki Tinmble O 5% 99 99 |Texas Corp 5844 Warn Quin 6s39.. shows the following changes In | {5 be accepted for rentals, wages, taxes, | not & bar to prosperity. “Business | Jelief that England will prove a closed | Northeast Savines. Ban 2 Hungary 7% 40 40 |Tex&PacssB'77. Warsaw 75 '68... . Gold increased = 40,000,000, | 4png for public, corporation and private | can operate successtully at the new | MATkel to American producers not RalE B s, Bank.. 40 88 Tex & P53 C'19 ! West E1db 58 44.. sight balances abroad decreased 381,- expenditures. ¢ | and lower price levels when once it maintaining branch factories in that Washington smn'r Bank..... ) 22 [11] Bell Tell 58°5/ 100 100 !Tex& PbsD West M 45°62. . .. ?oo.uou.dbmag d(:s:-)ua}l;:)ted :! home ge- For 1932, the economist predicted | has adjusted its operations to them. | COUDUY. Lines in which tarift sched- | Washington Title Insurance Co ‘g " | 11 Cent 4352 42 42 |praavre West Md 6148 77 ncre: 697.000. . advances le- e 62 & i E e 5 X | ules will work to th ticular disad- | Washington Base Ball Clup % 40 |[1Cent 4% '66 smaller gold exports, less money in|The volume of employment will in- | . e particular disad- | woodridge-Langdon Sav. Bank. circulation, fewer bank failures, but|crease in proportion as mdxv&duah}_’;lmgi of ogénencm producers include: — ;lllxggg“lh& EZ‘A more commercial failures, smaller divi- | business units so re-order their af-| Dlice en 80 ‘s. radios, electrical sup- C d Food Prices. 111 Steel 4% 8 40 2 dends, & lower cost of living and lowe;}fmrs gs 0 enable them to operate at | S Lli':si;r‘;s' :ln'zfi:u::(c:x %‘};&fi;‘ anne e niana g by, sl At |2 PORLD ol Setura when it | 80 rlbbes. pusaat T o OBk, Do at sieady | Inland St4s B8 1 = According to Colonel Ayres' theory,|lions of individual men and women — = levels despite general inactivity. Light | Int Rap Tros 66 4 More than 1,000,000 pure-bred dogs ' the depression started with the col- |resolutely grapple with existng cnndl-] Plants using Soviet Russian timber % ! inventories are_expected to be shown b o : have been registered at the Kennel lapse of wholesale prices inflated dur- | tions and use them as a foundation |are the only ones in the ILithusnien at zhgoyl::r‘ernd m"’ distributors. a fact Int RapTr6s 32.. 4 30% 30l Unit Drzev6s'si. 4 90 > Int Rap Tr 78 32 60 603 UtdKing 6%8°31.. 16 90% Club, .in Lendon, and new ent are ing the World War. Falling prices from which to build for ghe future, woodworking industry opera believas may_impart . A madeat the rate of 150 & day, promptly reduced profits in most forms he saide (3 Present, nelie e Tade o prices In January, IntCementéa'dd.. 4 €5 65 65 USRublstes:sl..2d 39 0 31 36 | Third Avads6 34 35% | Tono EI Pw 3 42 | Toho EI Pw 78 '65. % 96% Tokio 5%s 61 1% 73 lToklo EI Lt 6a 7 (] 43 43| Un Pacistasar., o 42% 43 ' UnPac4s’s increased 697.000,000 advances de- creased 9.000.000, circulation decreased 373000000, current accounts increased 620,000,000, Rate of discount 2'; per cent. West Pac 53 '46. West Unlon 58 '51. West Unfon 55 60 | Wes: Unfiles'y Wilks R & E 1st i Wil & Co st 6541 Win R A 74841, Yokohama 6s ‘81 ¥stn S&T 58 A'78. Tgstn S&T 58 B'70. iy 2