Evening Star Newspaper, January 1, 1932, Page 13

FINANCIAL, THE EVENING STAR, WASHINGTON, D. C., FRIDAY, JANUARY .1, '1932.- ~ FINANCIAL. * A-13 W , SIRYOFED |[TRANSACTIONS ON N. Y. BOND EXCHANGE IN 1931 | STEtLHEAD SEES (Figures after decimals represent 33ds of 1 per cent) 880 Colo & Bo lst 414s 35...... 102 fone ol 116 48 4 A ot 1] 7,105 Bhilline Pet 3 3 > 5 Colo & 8o rfg 41as 80A.... 7% = 1128 Lorriliard Co 78 “#4 .. 654 Plilsbury F1 Mills 6s '43.... Bo: ds e Columbla G & E 8¢ Apr.. 101 7 = Loriliard Co 83 D e e Columbia G & E 5s May. 1014 " = llard Co 5s '51 n Columbia K & E 5e 1961 . 981 na & Ark 53 69 .. Coliimbus & Hock Valds 9630 78 & Jeff Bridye 4s '45.. Columbus “Gas 58 32.... 983 1 ,389 Lou Gas & Elec 38 52... 1 Columb & Tolas 55 Tou &N AU K & C 4 '8 Columbus Ry P & L 5!:8 57 Louls & N rfg 5'zs 2003. " Commerl Credit 6s 34... Louis & N 8s 2003 B_.. i Commrel Credit 3'zs 38 Louis & N Gold 8s '37 90— 13% Com'l Inv. Tr. 8izs 49 Louls & N Gold . 00 ® Com Tab Recds & 41 N 1st 1t 4! E Conp Ry & L4 50 81 Lou & N Mob & M 4 ias 1 i i 8" Gomot ey 58 Ton AN %n conn Gas N Y 6z 45.... Con Gas N Y 418 81.. Consum Gas Chic 55 36 Consumers Pow Con! Bales 32,324.000 Liberty 3ias, 192 S 4 43.000 Liberty $1:8. regis 4 . 45.000 Liberty Minerals Valued at $12-1, B8 peis i #do, 74.000 Liberty 1st cv 414 010,000 Mined During Year, |*"3:88 Litis &6 b [ Survey Shows. (s ’Stronger and Better Busi- ness Structure in Prospect, He Believes. 8% — 27% Treasury 1947-52 Treasury . registered Treasury 1944-54 5 Treasury 4s. cegistered T as. 1946-56 Et 9999797999790 60000000000 00000900040, LI 2SSsE! xE, (RARES RN 20 Pitts M » 100 Bitts & W Va . o BY VICTOR EUBANK, Mahoning Coal b5 ARt TOY: 1 i OBl EWY 5 38 ¥ 4, Associated Press Financial Writer Manati Sug 7 3 4 4 3 12 Pitts Young 9 9 2 NEW YORK, January 1.—Looking T8, 5 Pitts Youne . ety “Sne 115 114 Pocan Con Coll 25 0 4" | hale and hearty—and cheerful—James b [] danhay 1 g Mo 0 R e A. Farrell, president of the United 3 00 5 Treasury 3 Treasury Ireasury The Interior Department today said there are still great quantities of gold “in them thar hills” in Alasks. “al A though there was a curtailment in al reasury =% mining production in this territorial |y 617380 Freasiry ; : AR possession during the last year. | 30000 Treasury 3s, 1951-85. res.. eiian Srown Will 88 810 oy Manlia EL Ry s 53000 - N R % 99 States Steel Corporation, cast an ex- e e Geologiea Surtes 1o ha Yo R in B 8o tines 4 3 i perienced eye over the business horizon e Abra & Btraus 8'is 43..... uba No Shs 42... 5 Man Ry 8o Lincs 45 '59.. 1 2 Ditte Va Char ds branch of the Geological Survey r Adums Exp 4x 48 ! TR T S AP AR T 5 3 Manitoby Bw col 58 ... 6167 Portland Gen ) 41as S aaa it ported that the mines in Alaska are | Alabama Gi Sou 4s 43 H i Guba R R 80l oo 0 Manati'G B & N 3las, 4i0 1814 Borto o A an ared he did not see anything e nntat 14 b in iax Rub 8s 2 5 . ) i .. 9 Pos 1 i chie 7 1931 minere L 2 A § Prov flec 48 61 o.opaeeend Conditions have been critical, he ad- S85sssasiess 288258 2 e 4 bany & Susq 3'is 45 T8 A4 3 MeCio.y 8t 8'as 'Al nst £13,81 1 20. The report Alatka Gold Mine 6s A 25 (] Cua r Sug 72 o b 58 50, 18 Prov Term lst 48 ¢ et hay the total value of mimeral Sua Bom e 78 44 3 e Y e 310 Pub Ser Bl & O 428 81 .0 mitted, and confidence has been shaken. Albany Perf Wrap 6s 43... 39, Onb o RUE 3 Mead Coip 8 45 A..... . R \b Dom g 118 44 sk 4128 61 £ k output in that country since 1880 is Altaks Gold, Mine 63 B 26 Cub Dom Sug cfa 728 44 8 Mt Bd $ha jAas Pl Ben B Ol But, he pointed out in an_interview approximately $641,000,000 Alleghary Gorp S '49... 5 EUb Bom Sius 7128 44 ol sia Met W Bide EI 9 Punta Ales Sug T8 '37...... 4 | with the Assoclated Press, there have X Alleghany corp 8s (50 Cub D B 78 44 cifs Sta_ww 832 Pure OIl 8las ‘37 . been other critical periods in the his- Source of Wealth. Alashiny (VAL 4 1.2 Cumberid T & T s 37 Alleghany & West 4s 98 The source of this mineral wealth Allis Chal ss 37 10: S0 cuyamel Frult 6 80 . was approximately as follows: T BT e LR ) Del & Hud 55 85 1931 5 Am ?um oe 230700l an Del & Hud 1fg 45 43 0 Purity Bak 58 480 o Reading gen 428 (47 °A e ERE 1 1 1 Reading gen {is 9 H s 26 Rdg Jersey Oen col 48 '5i.. “In my life I have witnessed & num- e e s 41w - “ | ber of major depressions,” he said. “In 6 {3 3 2 3 s 1 % i' 83 Pure Oil 5'a8 '40. 93 tory of America and the world. 3 1 1 3 (estimated). 1930, Am Cyan 5s 42....001111] 98 Del P & s 71 . god ... \ov.e $0.342.000 $8.476.000 Am Tee '8y 83 1 P &L 4l 69 m 3 Rep Ir & Bt 5 w98 each one the public belleved we would o 2sgesesSesas. 23, S aeaS38SE: ZEINRRe [ARRRRRRRRN mosseouay Hoat ER .3zae2ssuss kign Comi 15 34 R ; M & O 58 47 Monig div. .. Ll FB80 & LWn o8 00.4.ece 31 Mohawk & Malone 45 ‘91 B uu Bl a8 o) . Mont Pow rfg 85 43 A... aquii Gas & ¥ 05 34, Mont Cent 85 37 : M il or N L s wdl Mont Pow 68 '63 D..... 7 arie if & imp 8 vi Mont Cent 5y "37.. " [ Santa 3 2222 the same condition prevailed for silver & Cher A L Bs 44 and lead, the prices for which were Fhox ik Nor s, respectively 29 cents an ounce and 3.8 ey e o R cents a pound in 1931 against 3874 RR 45 1. ol Ot 1,712,000 4,244,600 1G em 5'ax 49 102 el RIv R R & Bdge 48 38 3 3 Rep Ir & St sf Silrer .ot i 40,000 < 187.300 Am International 5'5s 49 ) 963 6] istrie 8 81 3 Reysre Cop & Br Dever recover. But we did. And, while Soul Am 4 9 was 36 Richneld Oil Ca) 88 44! j emerge from this one, there is no doubt piil Am 3 s 3 con “4s 38 Rio G Junc 5 '39 2% | that we will come out of it stronger = — Am Burer Paf 8 Fi D 4 3 13t rig 48 '43 Rio Gr Sou aee “ $12.010.000 $12,812,000 | AA"':’ 8 1112 st T 8 Mar Con 53 38 Rio Gr West 1st 45 '39 “America has suffered with the rest The report said general industrial ) 1L 108y 9 3 Roch G & E Blaa 48,00 A 2 | Am D aom \ Ed 5548 A Roch G & E 4128 77100100 s 9 73 | mists who believe that our troubles more or less closely the conditions in y T2 SLaaE M 15t con 4s 31 Rufland 15t 4128 41 : the States, though the severity of the Tyb FOre fie 40 Ed 88 50....00enennn W Riltiand_Canada 48 49 ment abroad. depression in Alaska was by no means N W oW 56 593, A ey pr ln 85 62 A. 3 E s 150 b G : 0 acute. As a result the mining in- A N e Eom M . ' 1 e E QN K Tex RiIn S st AL L 10 St Joseph Lead Co 818, 41 |of adversity. But that doesn't mean the seerch for ore deposits and devel- | Ann Arhor 4 95 . O Sy e GTHIR Y L : FRRS ¥ Fet o ‘fls:x};m PEoemeHy il 0 n & Dominion lon' & 8. 58 39 Mo Bac 51k 55 785 A. : materfally curtailed Ao Colneay s Donner Bti rig s 42..... Mo Pac 38 77 F.. welfare vitally. We are hoping that the condition was the inevitable ;'zutcom-: 1 AT &S Fortdlasis Duluth Messabe & Nor 85 41 Mo Bac gen ts 8. various outstanding questions will be “of the extremely low prices that pre- 7 SN Mo 18t Bs '81.. L B s Aaat 98 DUdusaneiLE WAL 0T AUsi o F Moblle & Birm 85 45 ‘smali Mr. Farrell, who is an authority on ties except gold.” 15 AT&SP cvt 4s 1903-55 E Cuba bug ':s i simpd B8 foreign trade, estimated that America's £ Uenn V & G con 3s 56.. 8 Moblls armn 48 v Bt - . 9 AT&SF cvt 4s 1960..... K 3 3 ed, “the average selling price of cop 357 ATASF Tr 8h L 4s 58 Elg jou & 55 41 Mob's & i ge‘:lz"emmx_?gls ufim;?‘.fi“;niarotlafié Cenn Va & G b5 3U.. 5 Mob & Oh Gen 4s ‘38 : R ‘ of Mines, was 8.3 cents a pound as AT&SP Rock Mt 43 65.. ; Allanta & Bir'ts 83 At the same time, he added, there "f 48 Mont diy '31 must be an advance in commodity Den 2! 2 b 5 to be alleviated. Quoting from a spcech et 5 he made last May, Mr. Farrell said: Coal . L 5 . 631.000 Am Mach 107 El 58 stp 51 Rich Term 58 '52. . 94 96 I cannot venture to say when we will 5% 2 Smeltine 5s = 5 n 5s 55 i o pla % 200.000 303100 Am Smelting 5 19, ;i st gn Richf'ld Oil C i betler thans Wa wdre hefore 1op1 Marle 1% 8 G s of the world. In fact, there are econo- : ng the year reflected 2 s A s 718 B conditions during the y SR 3 Mar atd S { iy o8 DA LR PR E Fnvt Keon Iatsely (ot 1o fhe uieciies Am W W & E'cc 6s 75 3 AU A A 5i B tJ & G 1sl 1at 48 47 { _“The steel business has had its share dustry as a whole slowed down, and Ang Chil Nitrate 7s 45 ...\ - e HH R O v & Adir 1st 58 96 3; the steel industry cennot right itself. opment of mines was suspended or Arm & Co Del 5125 43 Dola Jacos rxk o5 s4 Mo Pec eyt 5las 4 : 0 o s D m & Co : 55 i eign problems that affect this country's The department explained that this Akto DIl pct as 3t Dulutn & I R 68 37....... i Mo Pac 5s 18 G, A ¥(i 8 En 8 Duluta B & Al 98 30 . LR ‘80 H answered for the good of all countries ” vailed for all of the mineral commodi- S d ATE E8sC Cuba Sug (a8 3 - Mo Pac’ 34 ext 46 “For instance,” the department add- 3 AT&SF cvt 4s 1509-85. .. exports dropped approximately 20 per ® iean Liea o5 3d.... J Mobliaa i e per in 1931, according to the Bureau ATASF 4'3s. C&A div 62 . rlka CoaL Cor vias oi. k 3 Mon & Oh 88 38 principal requisites to recovery. against 13 cents in 1930. Essentially O e o i T T Pac ext 43 '40. market values if the ?resent sltuation is Lrie 1. & ump us 4y : s Hi 224 s et cents and 5 cents in 1930. C Line 4':s 64 Tie 1. & Mm ont:eel Tr col 5s 41 1.324 SA&A Pass 1 300D 0 0 T e iz ?qg b L - an. 4o . » . r s 20 Sav Plo & W 5s '34 o N Gas 88 "47....0000 By W) Mo Aot 3 474 San At Pub Ser #r '82 Higher Prices Aid Recovery. Production Curtailed. Dan 13t 4s 48700 SEie o ean A4S vill. Montreel Tr 38 '85 D...0. 38 Bayv Fla & W 63 34, 18, $.| “When prices fall buyers withdraw & Dan 2d &s 480 . o krie evids Lo A . Montreal Tr 4123 55 C 387 Schulco 84s atf 46 A v “In fact, it is estimated that had itic & Yadkin 4s 49 . Alie as. Cu . dn 48 wo..... Morris & Co 1st 4'es '39... 5 453 Schulco Glas "48 B .. from the market. It is rising prices the amounts of these three metals 083 e 2 Ci a5 98 i 904 Morris & Eseex 4125 '35 .. P e VL L that stimulate buying and consumption * * » been sold at the prices that were & Northwestern 101% 104 2 LA 1:‘ s> e mm: {; g‘s;;t R Y "816 Seab * | and a return of prosperous times. Any- paid for them in 1930, their combined Baldwin Loco 58 40 .. 9815 1 & oPiite viae i a Mortgage Bond 58 '32 . ... 5 138 Seab adi bs i thing therefore which tends to post- value would have been over $1,000,000 oy & Oixie 6 95 100 sk Gelies 1t 1l o8 51 i Mortgage Bond 4s 66 43 Sasn e pone recovery in commodity prices, 8 2 1 ) 1 . 148 Seab Qold 4s - s a1 Ak & siirel B MuriAl Beel” car s 41 3 4 47 sead 45 '50 ctts Bia . more especially those influences which these estimates. Not only are the low serist st ; & % O 88,2000 Diiasvas. 1043 Lo 1 sl 6s Aa Mut Un Tel 55 41 ... 824 Seab . | are unfair and uneconomic in charac- prices paid for these metals reflected g A O 428 23 1013, 5 Lia s 6 54 5 . Namm & Son 63 '43 5 81 5 1347 Bead o ’” A 34 | ter, should be discountenanced.” in the value of the minerals produced, D N B Lok PR Jjasn Chat & 8 1 4 - i3 8 b 3 The steel master is nearing 60. The but also they had a great, though in- § PIE & W Va4l 293 L & 1 05 #idu_sdoos Natl Acme 68 '42 She =138 150 Sea A'l Fla Ry 6s '38 B interviewer remarked that he seemed determinate, " effect on restricting pro- & QA aw diveo S T Nt Dairy, S 4 B8 BW div 50.... 3 Mcaals Ciu 8 3w NA( Dairy Sies 48 (100000 o — 13 § Son AT PN Byt it B ol s to be as strong and healthy as when duction and discouraging the under- & Aroo 85 a3l 4 i0.uh Cen Pt us 'ad Re Hy mies SV 0l asdin. 9 taking of new developments. In the ang & Aroo ds 51 8 FioiCen Ten o8 a0 ; Rt i 7 g 230 Bhacon SCHoos lar éd... 9N he met him last & number of yenrs ago. face of this general reduction the largs T A Fo ] # AL ONGIE POy Son E: of Mex ar i i 4230 Shenl Pipe Line 88 52 “Well, you havo to be healthy in 9252 Ehell Un 8s 'ar..... 4 . this business—these days,” hs replied, increase in the output of gold from 2 Beach Creek Gid 4s 36 ! Fioiica E Cst s 3 i Alaska is extremely encouraging.” ell TP 5% B 43 .0 oagn Ul & Gl ales 5 8 Naueaiac g '8 o o.iiiis Including the 1931 estimate, & total| 2ost Befihria fui $'E G I ETanciacs S0 L ab Gy i 33 Nau el 85 08 C_60. of $400.000,000 in gold has boen taken enel 1hd Loan 6s 4. £ orl 1 Ui Depo." 4118 44 B o g R g R oy gu? =!:\fl] R T % Fle'Kix « A VAL 68 98,00 1004 y Newberry 840740, 10 first bit of precious metal was discov- g & G 8128 800 i SRiienol & M e a= New £op PR 4 otia ered. No notable new finds were made New Eng T & T 8 osion & Maine 55 6 8 Gas & £l of Mergen os 49.. a8 ‘61 Giring e year, e deparment” 1e st £ AT ; g G e s ' T S ported. A unique feature, the report o: & N X Air 1, 4s 3. Gen i 5 9 No & Nor Hast 448 °S3.... inted out, of the operations of the ot Con Mifls 6%is 34 1 Gen s ] B0 NS B gk e abesna Mining Corporation was that Bhay & Tn s oan si 4 068 Gen : rl Term 48 considerable amounts of gold were sent by airplane from the mine to a point where more usual means of transporta- 'y & Tth av con 5s 43 cti El!yn City R R |ll! 5s ‘C‘ l kiyn Edi gen 5s 49A Bkiyn Man Trans s tion was available kivn Q ‘& Sb con 8% 41" kn Q & Sb con 5s 41 stmpd Platinum Discoveries. Biva Unics oo 5e The platinum finds in the Goodnews Bk Un Gas R Bay district, it was reported, continued BLivn T Gas 1st 81 "4 . t> be encoutaging: The price paid for 18 Brims Weabasal® oo this metal has dropped so much, ac- Buf Gen Elec 4!y win. Jess than twice that for the equivalent L O R weight of gold, whereas a few years Buf & Susq Iron 55 '32.. 880 it Was worth five or six times as Tosh Term con Sa' :58 much. 8| erm 4s 52.. ush Term Bldg 5s 60, = Cal Gas & BAN ON CONVICT GOODS S Bt : 4 SR AR el Cal Pet 55 39 < s Sult 2% & B %8 R PROPOSED IN NEW BILL 8T GRS T 4 3 3 QUt Siavah Bl Gan 'i’ o 1 Guif Bta BUl bi4s 42 in Nat Can % 158 | Un_3s ‘49 W 10/158 She'l Un S5 49 ‘ww ntling, (Copyright, 1932.) Einc C Oil col T3 R 1 ol 1 3 P o Sl o 1+ |ROGER M. ANDREWS QUITS i GV S | *! AS DETROIT PUBLISHER TR AT 434 So Col Pow Ry 5 %0 Bouth & North Ala 85 Veteran Michigan Newspaper 1818 800 Bao T Mt oy Owner Resigns From Hearst Pi 413 '81. Pac 4ty 69 wwllll 37 & Publication. Pac rfg 4s 'S8 S ook g 48 40, o By the Associated Press. | 39 Sou Bac Papome ta DETROIT, January 1.—Roger M. An- y s neh Sou,Buc of OAlL by 37 04 8 drews, president and publisher of the o5 S0 e 2 8 84 Bouth Ry son s Detroit Times for the past four and a mp bs 2013, 5 3 2851 Bouth Ry con 8s '8¢ half years, yesterday announced he had Tf & 14128 2013 4010 SOUUL Ry sen 48 (6. s , |tendered his resignation to the news- ok enili; 2010k X 7 b, paper's owner, Willlath Randolph Hearst. S Ry 51 j$ Mr. Andraws said Mr. Hearst had ac R deb 48 34 15 # g i B W Bell Tel 53 "34..... Aadith cepted the resignation with “an ex- oSae3a 2283523833 - e Baompars Bue el > 8532328 =00C00% Steel Cast bias 46 Gen ‘Ineatres Equip 68 40. ga & Ala gon 3 e Car & Nor 63 34.0 Ga Micland 3s 4t Qooarich B 16 Goodrich B ¥ 88 Goourp T & R 48 p Goth Bilk Hos 6s 36. Qould Coup bs 40.... Gouvenit Otweg 03 42 Gid Rap & Ing 4138 4f! Gr Tk Hy Can s 40. Gr 1k Ry Can 65 35. Gt Norin Ry 7s 36A GY North Ry 8'ss 548 @Gt North gen 58 73........ GL North seu 4as 16D Gt North 4ias TiE Gt Nortn 1st rfg 4i4s’6 Gt Bay & W aeo A..... G Bay & W deb B T sszs2 1 <3 = % S5Ear3tgasy 533 it 3 & ZELRLE L AL LLLLZ, & ey s OrORan i Bpok: Int ‘88 . (r 3hes 98 B SPOOIN Jam's 46 ts | pression of regret and sincere apprecia- a Qh col s Ol N Y 4las '51 8 tien” v s A < i Oil as ‘51 e ion” for his service in Detroit. BUL & T “ i 5} Bevent Hotel 8 4 Owner of the Menominee, Mich., HENs g4 20 f 195 Sug Est Oriente T8 "42 1 Herald-Leader since 1903, Mr. Andrews 1 Sunbury & Lew, 4s '36... has for more than 25 years been actively Ryrecuse LEGe L. ... i engaged in Michigan newspaper work, with the exception of four years in Cali- fornia as vice president of the Bank of America. AR < SA0H < 3 S 3 ) = Bkiyn Un El 1st 5¢ 50 cording to the repoit, that it is now i Boik ifen 83, 27 By-Prod Coke 5'.s 45. %8 2 e 0t 'aq9, 288 PREEE R EELERY el H & P col 55 '4 9, B Rahhlam hldia’ it e 8. =H8 EIDELITY ANNUITIES UP i 0 100 : & 33 2000000 8 B e et b ] PR g & 20 PCT. IN NOVEMBER e ! By the Associated Press. A bill to eliminate flaws and “jokers” o R 3 from present law and make possible ¢ R 4 S Mk protection of “American labor and in- An Nor 51 78 40 v SeUiiors Tarlure dustry from competition of products of i Nor ceb 6115 46 111! Hoiston & & WUAR % 8 convict, forced and indenture. labor” 8a B B : e naToReRa i has been introduced by Representative TR T e Houston Ol Texas o:a8 40. Kendali of Pennsylvania. Gan Pas 4iss a6 110 % 3 3 Hidson coal ss baa et Though not an amendment to the S0 Eac s Seiise Huds County Gas 3s 49 tariff act, the bill makes possible and Canada South 5563 6 i U Hua & Man rig 5s S7A.. practicable the carrying out of the € . Garo Oent Con 3e 30 Bud M0 28 18,55, policy intended in section 307 of that ro & o ; ; im Ol & Redsal O Hum Oil & R e 7 1 2 ilino,s pell Tel"ss 46 Che measure, with other things. ] T T oy 3 . ! Cen 138 51 would prohibit importation of all goods SehalMolindry 8 1 Hiof¥ ‘cent 31" made by a business enterprise using ent of Ga lst 5¢ 45 . f pliCan TabSa)s oS convict, forced or indentured labor and ent u{ Ga 51,5 59 T 100 4 Iilinols Cent 4%s 66.. 2 i grdrdngodrd nor Z e, o z i R & Bac bs 179 € 7 984 Tex & Pac 55 '80 aRioells e 08 T AN Bl e 64’ 5 re ¥ . oML Third Ave 1ai-s A7 The Fidelity Investment Association, ; 10433 Ihird Ave ady 8a ‘00,..... devoted to the sale of annuities for 39 ol & Oh Cen gen 55 '33.. income purposes, reports volume of new v.9 '1;,“11 & O}V’\ Sexg ll‘ls s 'lg. business for November of $4,248,000, S S Wy 0 compared with $3,540,000 in November, 13 Tol Walh Val & O 420 “ 1930, an increase of 20 per cent. For » %‘ro:n‘zumu && n:u(“u“ . 8 the 11 months new contracts amounted 288 Truax T coal i3y ‘43 ] to $50,556,000, against $43,814,000, & ng }‘;"Q""é‘;'"ns‘i 2 > 2 | gain of $6,742,000, or more than 15 s g Bt sflxm b ot e, 16 v, | Per cent, over the corresponding period 4 Ulser & Del It con'gp "8 of last year. 8 ylster & Del rtg s 2. . 43 Ulster & Del bs '23 3 ol FE A Dol 0 G i FREIGHT RATE INCREASE I Lt & P B 4 P rf B “ 5, Bl Chicato b 145 ALLOWED IN MARYLAND LI URG B B O & ; 5 s 307 Un Paclvss 008NN 0 150 BALTIMORE, January 1.—Paralleling Un Pac 4 .s“d v - = Jg;: the general order of the Interstate Com- £3 2 Z 4[ii merce, Commission permitting railroad 223, lines to increase their freight rates for — 10, interstate hauling, the Public Service Z &) Commission has issued a similar order e L P P e 22727 g X222 —— SR T g *®opo0, deb 328 41 deb 3'ss '34 o 2zz o ENEE - 'z, 3 O would carry back to the producer the ént of G ot Olv el 5 T Cent HOR"as s : penalty of exclusion formerly limited Cent of Ga MAc & Noi 55 46 : I Cent Cairg Bdee 4s 80.. o specific goods sought to be imported Cent of Ga_con 55 45 02 80 DI Cent Col 'Tr 48 82...... “ e Gent of Ga Moblle Dis 53" 46 Tl Gent Litchfield 35 8i.. and prevents his taking advantage of Cent Hud Gas 8 57 . ° 10l Cent col tr 48 83....00 ®eneral methods of production which Cent 11 !f 8 81 T Cent Omaha 38 81 ... ards. gt 15t ptd 4s 49000 i i &en Spet 3728 81 It also defines what is meant by Cent Pac 8h Line 4 54 3 o Tl Cent 3izs '31 8t L div. “forced labor so as to circumvent R R &EBCoorgn s i gl Cent 81, 1 div 38, Bl the subterfuges by means of which the SRR AN 4s 87..0 b 2 68 Il Cent Wn Lines 4s intent of the law may now be evaded. Central Stecl g5 41 < IC&CBL&ENOS In addition, it includes State trusts ‘ i I ¥ e N e and other producing units among those 2 Cherleston & Bav Ry 75 36 . C & C 8i & No 3'.s '51 whose goods can be barred and com- RS DE Ko Curn by it ol Lo BTN oA ee Axts) X W Bost 4 hensively ncly iy 3 g Sandy 45 44 1 9 Ind T & Towa 4s 5 Niag Talls Pow 65 '3 prehensively includes “goods, wares, 3 2 Ind Limestone 6s ‘4100 4 Ning Falls POW 35 32.: U'S Rub 85 41 O, 52 33, ys 48 42 ctf ve DI In 65 65 ys ad) inc 8s ‘43 ctls R Gs 15t rfs 68 51 A o0 = 2 285 gt oo oS team 65 47 team 55 ‘51 & W ren 85’4 W orfg 55 '37 . 22 2L DL LN L LI AL LT DL L L L 5 By Unit Bis of Am 8s '42 Unit Drug_Del 58 '33... Unit NJ R R Can_ 45 Un _Rys of St L 45 '34...... 8, 2227 g e se oo £ £ o e goece 0000060 wwH; Press Austra January w cabine:, heaced by Joseph A. Lyons, was| sterday as follows: John ney gencral; Sir George defense; H. S. Gullett, trade and customs; Alexander McLachlan, Vvice president, Executive Council; Arch- dale Parkhill, home affairs; Edward Hawker, markets and transport; Charles Marr, health and repatriation; James Frguu:: postmaster general Stanley Bruce, former prime minister; Massey " Greene, Josiah Francis and John A. Perkins were appointed minis- without portfolio 1 St P gen 4,5 89 C 5L P gen 4':s ‘80 E PO NS ramawete oo zfxzxx & 0™ o = 99000600 S5, 5 2 S T amig 2822 588558 Lt P+ $EREE P A5EwERE S s ©513B835! RS Praferred Stocks. 1 (Special).— pie for the slump been s milai t> Therefrz, if | show a relief from forced liqui- dation in the next few weebs, it is logi- cal to exp:ct a recovery in the badly depressed group of senior shares. Some of these, of course, have been influ- W Iud Blas 62 enced by the poor earnings and & re- R R e duction in their ratings as stocks junior 34 Chile Cop 5s 47. .0 to them have lowered or omitted their 80 Ghoo Okl & G 8 52 dividends. In many cases, however, 3121z 8 preferred issues have simply been the g{n BU L & Chids 36 fix. victims of technical market conditions inn Leb & Nor td 45 43 This is especially true of those in the AR R R A ublic utility field, where some of the %1 %r & Mah Ry 1Ist 55 43 10 Ch K 1 Ch R 1 R Sz 6 n Sta 53 63 B Un Sta 55 1944 n Sta 4iss 63 A e 22535055, & S -] e, p3-DER 22" CEEI L 3 & ooSs : ; : — 23 for the Maryland companies to place articles and merchandise mined, pro- ¢ 9 Ind Bloom & W 4s ‘40 i Niagara Shares 5'as 50 Universsl B & B 31'2 | these new rates in effect for interstate duced, manufactured, transported, han- .61 ) s, Ind Louis Ry 4s ’gfi 3 N L & O Pow 55 '66 A.. . . Utah & Nor 4s "33 .. 1, ' service. dled, ‘loaded or unloaded” by persons i (U AR TR TR o i e B LR Noviolk & South' s AL HER 483 Uiah Lt €7ede 5 fdd 4| The order of the commission requires using involuntary labor wholly or in € k. O, Greeioricr 4y 4o 05, e Ind Ry o G3m o 8 Norl & Wesi'gen §s 34 1 L ge by 50 th companies to give five days' notice to X 4.5 9! 23, lar t 4158 " . 7 1 Lt €Ol . Y p S O Fotls Creck 4n 4., Lobs Inland Bt ‘albs Notf & West aiv 43 ‘44" 102 ] i pow s Tt Shn i 84 the Reaulators BOKid helareh (idiinten . - Ist 4s 89 R&A div. 9% ’ 4 Interb Met dbus 'B8.. . . Nori & West New Riy 68 tll Pow & Lt 85 89 ww.. A can become effective. This order was AUSTRAUAN CABINET 2nd 45 '89 R&A div 94'a Interd R Transit 78, o S i N & W ds Poc div 4l H 85 Vanadium s ‘41 5o directed to the Baltimore & Ohlo, the 35 ctf 49...0 3 40 Interb R Tr rfe 8s €6 " Nor Am Ed Sty 83 5 s A 3% land Rallroad Cos. MEMBERS ANNOUNCED Intern B T rie'se 60 s 1 Nor Am Ed 88 A / o7 Veruentes Syt 74 '8 _— 7 Int Ade 800 4tp e b sarlmhcens St o 108 3 Velr Gaal & ook i SHIP UNDER CONVOY Joseph A. Lyons Prime Minister in ;L Cement’ s a8, = 70 Nonia™r & L' P O L0 y: M e 3 nt Gt Nor 3 orthern Onio 5 124 Va Ry & Pow Bs '8¢ New ernm i it Nor st 68 82710 Nor Pac Term @s '33..0.. 053 v 2 +!pi 2 Government Executive : : SRR B 1 Ror B¢ T sl [ ViR R oy [ epancie R e Int Mrich 58 47 ... . Nor Pac rf imp 4'2s abai ios 18 . Int Match o8 41 cii. ;- b 843 Nor Pac pr lien 45 ‘91 : 5 155) Wabun xe she L | SEATTLE, January 1 (#)—Under fnt Mer Mo ‘e B la 3 Nor uec sen 35 a0t ; 1063 Wabasn £ i glth 35,99 | the convoy " of another Japanese ship, I paner ot b 41 AL 3 5 S R 2165 Wabash $a 40 D the freighter Tamaho Maru, disabled Int Rys G A 008 41 .. 5 b1 Nor Staies Pow 55 '41 A 35 Wantoh Bes B in a storm southwest of the Aleutian R R Norwest Tel 4128 34 2031 Wabasn £ig oings &' Islands in the North Pacific, Was be- Int T T cvt 4} :v1 S cean Ry 48 43 48 Waupher don syl lieved to be making upward of two T ET deb 4igs 52.... 3 Ohio Bub 8vc 7128 '46 e Webeah e e L. knots an hour toward Japan today. L UL gQhlo Fub Sve, 7, 47 . i 37 Wab ToL & Oniee 4i"; Last night the vessel was reported fovestors a 58 Ohio Riv Gen 5s '37...... 103 8 g; w:{:mg 8las 'x; ww in a radio message to have arranged a nyvestors Eq Old Ben Coal 85 "dd..... ey H %3 20 -2 temporary rig, and to be proceeding Iowe Gemt oif Qut Fow & N Falls 54 ; H % | slowly, accompanied by the Reiyo Maru. iows Geh 0 Ny son v ddls Sl igs Warner Co'oe 44 w11l i i H The Tamaho Maru, a 6,786-ton ship Ore Line con fs 48..- it 1 993 Warner Quinian 8 '35 .. en route from Vancouver to the Orient, v B isas", Qre n Line std bo 46, 3 y 107 Warn Sus 1t Ts sent out distress calls two days ago. B &t g il VBtee T 3 &8 Jarn gue rix 7 80 sid It sald its steering gear was disabled K C Pow & Lt 4738 "61...00 ¥ Pacif Cst, 18t 55 3 4 @88~ Wearoan: Meda: sv.dsiiat 3 in an 80-mile gale. K C Bouthern rfs 5s '50°.00 H Pac Gas & Elec 58 : e e ARAR G e S 5 E ¢ southein 13084 50 o 15 PacinceRuRDoiRery e ol 81 Wash Water Pow 55 ‘39 i *’t AVB-.R d K C Term 1st 9 L h b 24 Wesh C s irm to Be Reorganize Kansat Gas & El 4'us ‘Pac T & 37 . v B . KB 3 e as, 128 H Pesn RA atn b5 68 . 34 Westen 1t o PITTSBURGH. January 1 (P,—A Krnzr,.;{(’:rfl\l b 8 3 2 p e e E ¢ :tttp 13 reargfixlmg{ t?ethtionll Radi- Ky nd Term 4'28 s 5 2ue or Corporation of Johnstown, which &;vfm‘"‘rd‘{“:l'h oy, 01 e Rang A - fi]s“lu"“}“v S i 1i 3 yest Meryland 4s i Is in receivership, has been announced. K Co EL & P pm 6: ‘07 varampt Bway 5448 bl..... TREsR .. Judgment for $10,960,285.83 in faver ings Co )-;l_l,"k“v 2 L . 3 g:r:mi.:::lx_;:gi‘s.;"‘c; e 1348 West Pac 15t B8 i 732 of the Bankers Trust Co. of New York Kings Co Lt 818 54,0110 Parmaise Trans cv 65 4% 808 West Benn Pow g against the radiajor concern was en- Kings Co Lt 85 '8¢ L0 . Park Lex 6'us 83 ... 943 West penn Low tered in a friendly suit Wednesday in inn & Co mu-:y“ 's6...0 96 gb' ;.:h: E:‘“l'e .P'Lwl 5 49.. Western Union 6148 " Federal Court. A statement of claim L b £ IR G Western Union col 4 filed by the Bankers Trust Co. said the Lac Gas 8t L 81 Penn Oh & Det 4% West Union amount represents, icipal and inter- Lac Gas g: t m Western Union es:lon ouma.\;xgngh nds of the corpo- L ration on wi e National Radiator Corporation defaulted payments of in- terest. The Bankers Trust Co. is trus- tee of the bonds under an indenture agreement. et Tyttt S EEE R R I A e bl FEEE Syl Penn RR con 4}28 Penn RR Whee Penn RR 3i2s D > Wh Eagle O 5las Penn RR gen 414s i s White Sew Mach. Penn RR 4as 10, 302 White Sew Mach 8s 8 8 302 White Sew Meach 6s '40. . 84 Wick-8penc Sieel 15t 7s '35 191 Wick-Spenc St 1st 75 ‘38 ctfs 47 Wick-Sven~ St cvt Ts '35 400 Wick-8p St cony 7s '35 ctfs 309 Wilkkesh & E 1st 55 '42 400 Willys Overl 8'as 6 Wilmar- & SF 58 3576 Wilson & Co 1 147 Winch Arm Tizs 870 Winch Arm ctf 1l 913 Wis Cen 4 36 Wis Cen 6,160 4 Worcester C 2228328 ¥ H2sEasEBeTIs Lo ~aa5838283223! November Trade. NEW YORK, January 1 (Special) .- The Federal Recerve Bank orsl‘l):sv York presents figures rhowing en average reduction of 18}, per cent in Novem- ber in th2 dollar value of sales of whole< sale dealers compared with November, 1980. The sharpest declines were in men’s clothing, diamonds, jewelry and drugs. The dollar sales of chain stores lln;atomugth were nm 8 cent below . Grocery c Teported 4380 Youngstown 'é'k B mheg lsmr[en decrease in uzm since May. AbtibL B & P il — 40% The losses were greatest in the sh - 2 A 2 % and’ varlety chain m ] (Continued on Page A-15.) * * Tespectively, to 26 and 10, it e &SU L Gen 55 03 jargest declines have occurred. %3 B L lees 63D 108 i : - s A B R s 0. L N EE S S B i Penn RR 48 '33.:..... .- New B. . Division. cla s L S0 a1 50 Leh v . Penn R R 43 '48.... NEW YORK, Janusry 1 (Special).— @b BECkT R k FeRlen VAl Ooui e a4 2 : Benn R R 40 sl The Balimore & Ohio Railroed bas R et 5 fPa S ot Teh Val B304, o Bern RRGOIE .o 4 created a_new division, to be known oSy “rde ; Lenish v s Pco G L & C of Chi b5 '41.. as the Buffalo-Rochester district, it 948 Cleve&nitien: sCinas " .. 0 ATINIR LTI E et Beoria K Int 45 0., was announced by President Daniel Gleve & Biie wion 710l 08 s E;n Val Term 85 41 Peo & Pek U R i ere Marq ‘Sl'l. et Jeyrde i g, Cleve & Mah Val 5s '38.. B " Willard, William T. Noonon hes becn Gleve ‘Bn"'Line "hds 81 lieett & Myers s 4 elected a vice president of the B. & O. Jleve&MarGtdd1ss'3s ....... Liggett & My and also will act as executive repre- Cleve Un Term S%s '12 E‘:“' Miami BZWLB2I2N5 | (RRRRRARE BadZ sentative at Rochester. CleveLor &WheelConta 33 ock v Cleve Un Term 471 ©. ‘Prospectors are, according to reports Colon” Ofl & ¢ from many parts of the world, seeking Colo P & T gen 0ld in fields abandoned years ago, Oolorado indus AR R AR RN e L