Evening Star Newspaper, October 4, 1932, Page 15

FINANCIAL. BONDS HOLD FIRM i BONDS ON N. Y. STOCK EXCHANGE Received by Private Wire Direet to The Star Offies. IN QUIET TRADING Prime Corporation Group and U. S. Government Issues Are Featured. BY F. H. RICHARDSON. Bpecial Dispatch to The Star. NEW YORK, October 4.— Bonds firmed up through the junior rails, industrials and utilities. High-grade corporation issues and United States Government long- term issues were unchanged to a shade higher. Foreign dollar bonds were strong. The market opened steady. Senti- ment was benefited by sharp advances in cotton and other commodities and in common stocks, along with expecta- tions of a bullish speech by President Hoover at Des Moines. This served to offset the anxiety still reigning in re- gard to the Nickel Plate which today still awaited more deposits before the extension plan for the 6 per cent notes could be declared operative and a receivership averted. At any rate Nickel Plate 6s moved up 2 points and there were gains of a point in Nickel Plate 4'2s and 5'5s, Erie re- funding 5s. Denver & Rio Grande West- ern 5s, Pere Marquette 5s, Delaware & Hudson refunding 4s. and Southern Railway 4s. There was also good bid- ding for industrials like United States Rubber 8s, McKesson & Robbins 5'.s, ‘Texas, Co. 5s and utilities such as West- ern Union 5s. International Telephone 5s and International Hydroelectric 6s. Canadian issues were generally firm with Canadian exchange, which today was quoted at less than 9 per cent dis- count. Canadian Pacific’s gross earn- ings, which for a second weck in suc- cession have shown an increase over the same week of 1931. caused a risin trend in Canadian Pacific perpetual and 55 of 1954. United States Government long-term issues were steady, though there was some pressure on low coupon Treasuries. ‘The continued absence of any an- nouncement from the T.easury indicat- ing what form the late Fall financing may take has resutied in selling by speculators who bought Treasuries in expectation of some extensive window- dressing in preparation for a new long- term bond issue, Its coming has merely been delayed. Municipals have had a heavier tone the past few days. Most of this selling has been attributed to the weakness of New York City bonds, which have sold down 4 to 5 points from their recent highs as a result of the local political battle over budget control. Inter- borough Rapid Transit bonds gained 1 to 2 points on the suggestion that Samuel Seabury. ex-Mayor Walker's Tnemesis, may be appointed master of the Interboroughsduring its receiver- ship. Manhattan Railway bonds firmed on a court order that interest amount- ing to $868,000 on the consolidated 4s and guaranteed by the Interborough be paid out of the funds available to the receivers. e New Firm Incorporated. BALTIMORE, October 4 1Sp€cial>— The Maritime Operating Co., 1401 Con- tinental Building, Baltimore, has been incorporated under the State laws of Maryland to deal in ships, barges and Vessels and to transport goods and pas- sefers by water. The capital stock consists of 750 shares, of which 250 shares, par value $100 each, are pre- ferred stock, and 500 shares, no par value, are common stock. Cecil H. Spedden, Horace C. Jefferson and Henry L. Wortche, all of this city, are the incorporators. CUSTOMS BECEIPTS OFF BALTIMORE, October 4 (Special).— Customs receipts for September fell off $158.679.36 from the $1.359.447.60 col- lected here during September, accord- ing to the monthly report of the col- Jector of customs. Customs_officials, however, said the $1.200,768.24 paid in duties here is a little better than average, as the av- erage amount collected here a month 1s_approximately $1.000,000. The sum collected in September was $57.887.08 less than the amount col- lected in August of this year. Washington Stock Exchange SALES. Washington Rwy. & Elec. pfd—10 at 8815, 10 at 89. Weshington Gas 6s * $1,000 at 99%, $1,000 at 9%, $1.000 at 993, $1,000 at 99% . $1,000 at 99%. Capital Traction 55—$500 2t 5075. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Asked. Amer, Tel, & Tel, 4125 39 108% ... Aacostin 8 Put B B 50 Am‘:oma & ss. MISCELLANEOUS. Barber & Ross. Inc.. 6'4s. Chevy Chase Club 5!3s. Golumpia Country Club 512 D C. Paper Mig 6. Wash. Mkt. Cold Storage 55.0 STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9) Cap.tal Traction Co ... Wagh, Gus Lisnt Co & W. Steamboat (§) o™ Blec: Power gt _pid Pot. Elec. Power 513" pid Wash. Rwy. & Elec. com. (7) Wash. Rwy. & Elec. pfd. (5) The following figures are not bids. but merely represent minimum prices fixed by the Washington Stock Exchange. NATIONAL BANK. as) Min. price. Capital (14), .17 Columbia (13 Commercial (stamped) (6): District (6) Washington (8) TRUST COMPANY. Amer. Sec. & Tr. Co. (15) Natl. Sav. & Tr. (12})... Prince Georges Bk. & Union Trusty:8s), Wasi. Loan & . (14). SAVINGS BANK. Bank of Bethesda (6) & Bavings (10) o Wasnington (12). Fotomac (10) .. & Com. Bk. SeSenth siresioT vnlnd Btates (30, sh. Mechanics (i FIRE INSURANCE. situation, ! UNITED STATES. (Sales are in $1.000.) High. Lib314s32-47.... 10114 Lib 1st 43S 32~ 47 10224 Lib 4th 414533-38 10321 U S 35 51-55. 96 26 US3%s46-49 98 7 U#SHIMH 43, 10029 S!'&Jlfldl 101 100 23 10217 U 104 26 USUA!‘ -52.... 10812 Sales. Abitib] P&P 653, 9 today in quiet trading. | Adams Exp4s4%.. ; Gains of about a point were spread | Ab & St 5%s"43 Alleghany s Allis-Chalm 6s '37. .29 Am Intl 5%s 4 1 Am Metal 5%8°34. Am Sm&Ref 55’47, Am Sug Ref 6s'37. Am T&T 434s°39.. Am T&T c tr 5s ‘46, Am T&T deb 5s'60. Am T&T deb 6s '65. Am T&T 5%s9°43.. Am Wat Wks 68'34 Am Wr Pap 68°47. Argentine 638 '62. Argentine 6s°59 Ju Argentin '59 Oc Argentine 6s B 'SI. %s Atchison gn Atchison 4%8°48.. At] Ref &b 6 '37 Australia 43256, Australia bs 5| Australia 5 Bell Tel Pa bs B' Bell Tell Pa 53 C'60 Benef Loan 6s°46.. Berlin Cy El 68 '55. Berlin C E16%s'59. Ber mun ex 614 Beth Stl pm 5s '36. Beth Stl rf 6342 Bolivia 7s n Bolivia 8s 01 Bordeausx 6s Bos & Me 5555 Bos & Me 5 '67..... Brazil 6148 '26-'57. Brazil 618 °27-'57. Brazil 8 ¢ Bremen 3 Bklyn Ed 68 A 49.. Bkiyn Elev 6%s. Bkivn Man 6s A '68 Bklyn Un Gas 5250 Bklyn U Gas 55 '57. Buenos A R 65’61 Buft Gen El 414 Bush T Bldg 5s'60. Calif Packing 58°40 *60 EraBanes YN =BaNa~Sm 00 s wEaTaanm im0 o= R at 5369 Oct. 3 at 5s'70. or 4148 '35 Cent Pac ll! Cert-tddb 5% . Ches Corp 68 "4f... C&Ogend%s’al. C&O04%sB 95, CB&Qrt6s'7l Chi & Est 111 58’ Chi Grt West 4 Chi Ind&L gn b’ Chi Ind&L gn 6s'66 Low. Close. 10111 10111 10213 102 22 10317 10319 9621 9621 982 982 100 25 100 29 10029 101 100 20 100 20 10215 10217 104 21 104 21 1089 108 12 Hign. Low. Close. THE Int Match 5541 Int Match 6s Int Mer Mar 6: Int Pap ref s A'47. Int Pap 6s'55..... Int Ry C A 68°72. Int Ry C A 61547, Int Tel&T 4%s°39, INtT&T 4%s ‘62 Int T & T 6 '55 Italy 7s'51 [taly Pub Japanese 5%s I Japanese 6348 '54. Jugosl Bnk 7s '57 Kan CF S&M Kan C P&L 43861 Kan City Sou 3s'50, Kan City Ter 4s° Kan G&F. 4 %880 Karstadt 6s 43, Kresge Found 6s'36 Kreug & Toll 5859, Lack St15s A '50., Laclede 6%s C'53 Lautaro Nit 6s " Leh Val cn 4s 200: Lig & Myers 6s 51, n L &N 4%sC2008.. L & NG5sB 2003 Lyons 6s'34.. Manhat Ry cn 45'90 Market St 7s A 40, Marseil'e 6s '34 Mex 4sast 1910-45. Midvale Stl 53°36 Milan 6%8°52 Mil E Ry&L 6s’61.. Mil E Ry&L b8 *71. MSP&SSM cn ¢s ‘38 (MSP&SSM s gtd'38 MSP&SSM 51487 MK&T 1st 43'90 Mo Pac gn 4 A Mo Pac5lss A4S, ]9“ Mont Pow 58 '43. 5 Mont Pwr 58 A" 20 Mont Tr 1st rf 55’41 Montevideo 6s Mor&Co 1st 4% Nassau Elec ¢ Nat Dairy 5% Nat Steel 58°56 N Eng T 1st 6362, N J Power 46s ‘80 N Y Centdb 4534, N_ YCrfays2013 N Y Cent db 63°35 NYC&SIL 1st 45'37 NYC&SIL 415578, NYC&StL5 3 5A'T4 NYC&StL 1st 63 '32 N'Y Edison 53 B'44 N Y Edison 63 C ‘51 NYEdrf6%s 41, NY EL H&P 4549, NY NH&H 4s 5. NY NH&H 415 ‘67 NY O& W rf 4592, NY Rys Ine 65 '65. . N'Y Telgn 414839 Nord 633 50 Nor & Wn cn 4596. North Am Co 58 Nor Am Ed 65 C Nor AmE 5% N Ger Lloyd 6547, NorOTA&L 6s'47. Nor Pac gn 3s 2047. Nor Pae 4 Nor Pacr16s2047. Nor StPw b8 A *41. Nor St Pw 65 B 41, Norway b3°63. Norway 5% 65... Norway 63 ‘43 Norway 6544 Norway 6s '52 Ogden&L Ch 4s'48. Oreg-Wash 45°61... Orlent Dev 5% ‘58 Orient Dev 65 '53.. o an AR E R R A R RN S AN A BB AR O BN RA DR » o Sa EVENING STAR, WASHINGTON , | 2dditional looms. "—$100 at 99'g, | Chi M&StP 4%s E. C M StP&P s '75.. S CM&StPadbs.. Chi&NW gn 3%s'87 Chi&NW 4148 2037 Chi&N'W 4%sC 37, Chi & NW 4% 849, Chi RI&P rf 4s'34. ChiRT&P4%8°52 Chi RI4%s"60..., Chi Un St 68 °44.... Chi Un Sta 6%5'63. C & W Ind cn 48’52, C& W Ind 5%s'62. Childs deb 5s '43 Chile 6360 Chile 6s'61 Chile 65’61 Jan Pac TAT 1st 53°37, Pac T&T rf bs'52 Paramount 6s '47 Param-Pub 5% 50 ParisOr5%s’'68... Penn sta 45 '48. Pennd4%sD’81..., Penn gn 4%s'65... Penn cn 4%s 60, Penn 4%s D '70 6 oo o PCSIYYSIPER - o - PSR- P BB o Fenn 64836, Penn O&D 4135 Penn PAL 434331 Peop Gas ref 5547, Pere M 1st 53 '56 Peru 65°60. Peru 65 '61. Peru 78’5 Phila Co 5: Phila Elec 45 Phila & Read ¢s Philippine R ¢s°37. Phillip Pet 56339 Pirelll 7s Poland 78 '47. Poland 85 '50 Port Gn El 4%3°60 Porto Alegre 8s'61. Por, R Am T 6a'42. Pod Tel &C5 Prussia 68’52 Prussia 6%s ‘5 Public Serv 4s'71,. PubSv G 4%s’67., Pub Sv G 4%s'70., Pure Ofl 5%s'37... Pure Ofl 5%s"40... Queensland 63°47.. Queensiand 7s'41.. Read Cot34s A 97, Rem R 5% Rimelbo U 7s 48+ Rhine Rubr 6s'53. e n Chile 7542 Chile Cop db 5547, Chile Mtz Bk 6561 Chl Mtg Bk 6%5'61 Clev Term 4% Clev Ter 514SA '72. Cologne 618°50... Colomb 6s 61 Jan.. Colomb 6s ‘61 Oct. Colon Oil 6s '3 Colo & Sou 0'/.!'!0 Col G&E §8'52 May Col Gas&El 6s'61. . Com Inves 5138 '49. Con G NY 4%s'51 Con G NY 6%s "45. Con Pwr Jap 6%s. Con Pow Japan 7s. Copenhag 68 '52. Cuba 514345 Cuba R R 18t 53°53 Cuba Nor 5%3°42. Czecho 8s Ceecho 8s Del&Hud ref 4s 43 Denmark 4%s'62.. Denmark 5%s '55.. Denmark 65 '42.... o SFuBacnanamRal - TSRO I @ g e arm~oS8Rcwroan PP T PN Det Ed 4%s Det Edison rf 5: Deutsche Bk 65 '32. Dodge Bros 6s‘40.. Duquesne 4138 °67. Dutch East I 6847 El Salvador 8s'48 Frie gen 4s°96 Erieref 5s'87. Erieref 58°76. Finland 5%s ‘5l Finland 6s ‘45. nGrDoSuuu'u.. RIAr&L4%spd. Rio Gr W 1st 4539 Rome 6%s°52. Royal Dutch 4s°4 St L&SF 45 A '50 StL&SF4%4s'T8. St P Un Dep 58°72. San A& A P4s'43. Sao Pau 7s '40. Sao Paulo 83 '36. Sao Paulo 8s '50 Saxon P W 648 Saxon 7845 Seab A Lrf4s’5 Seab A L 6 Sea All Fla | Serbs-Cr-S17 Serbs-Cr-S1 8 Shell U Of1 6847, Shell U O 53°49ww. Sinc Oll 63%43 B Fram Ind T%e'42.. French Gov 78" French Gv 7 senk’hen 120% 56 987 1023 4 reors Natloasi®onton (15 m.Nsumch Columbia (6h) . Real Estate (€h MISCELLANEOUS. Gol, Medical Blds, Corp. (6). Dist. Natl. Sec ptd Em; Seit Am Ce Mer. Tr. & Stge. com. Wdwd. & Lothrop pfd. (71 *Ex dividend £20, extra bBooks closed. ¥213% extra. 37, extra. 47 extra, extra. 5% extra. % extra. !Hnlu 68'52... | 111 Cent rf 4s Ger Cen Bk Ger Gen Elec 63" 1 Ger Gov r.\"':: 15! German 6%s German Rep 7s "49 52 Skellg fil;'lk‘é‘!s & Goodrich 6s°45. 13 Sou el Farten Goodrich 6%s SW Bell T s 3 Sou Pac col 4: (! . Goodyr Rub' Grand Trun! / Grand Trunk 7540, Sou Pac ‘%':‘G:. Grt Nors - Sou P 435 ‘69 ww. Sou Pac 4%s°81. .. Sou P&OT 438 A'TT Sou Ry gn 48 A’ Sou Ry gn 65 Sou Ry 6148 5! StOIINJ b8 StOIN Y %2’ Sweden 5 SwiesShas Tatwan E P 53571 Tenn El P 68 A *47. Sinc Ofl 78 A 'H. i Greek 6s (l | Hudson Coal 6! | Hud & M adi 6 llud‘ Mrf5s 67.. { 111 Bell Tell 58 °56. 111 Cent ct tr 4s 111 Cent 43,36 111 CCStL&N 4%s. 111 Steel db 415 40. Inland St 4%s A'78 InlandSt4%s B 3 sz Tex Corp cv 58°44. Tex&P 1st §s 2000, Tex & Pac 68 B 17, 83 Tex&P6sC'7d.... |CURB SHARES GAIN IN LIGHT TURNOVER Fractional Advances Appear in Utilities After Slow Early Trading. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, October 4.—Breaking out of the narrow price trends that marked opening dealings, the Curb Ex- change pointed upward at mid-day to- day, without, however, immediately hrlnflnl about an expansion of trans- llecmc Bond & Share was up more than a point. Fractional gains were registered by American & Foreign Pow- er Warrants, American Light ‘Trac- tion, Consolidated Gas of Baltimore, American Gas & Electric and Niagara- Hudson Power. Standard Oil of In- diana was not much changed, or was Cities Service. Early stren in commodities, further fairly optimistic reports rrom varjous trades, and a drop in cnmornln oil output which probably will pare| American production this week, helped | to bring about the mid-day recovery. A number of favorable dividend decl: rations also were made public. Among the corporations declaring the usual disbursement were: Faultless Rubber Co., New York Merchandise, and Beneficial Loan Corporation. Just shortly after the appearance of Cela- nese Corporation preferred on the tape, Farr Alpaca announced that increased orders had caused the starting of 1.000 Pepperell Mlnu(ac- turing then opened up a poin Crane Co. announced that 1[! boiler and radiator plants were operating at capacity six days a week. This stock's primary market is in Chicago. The action of Pittsburgh Plate Glass late Monday did not foreshadow news from that corporation today, for the firm in reopening the Creighton plant recalled more than 1,000 workers and announced the immediate expenditure of $350,000 in modernizing plant and equipment. Another inactive issue that ignored today’s news was Arundel Corporation, which was awarded two Government contracts approximating $1,300,000. Pennsylvania Salt Manufacturing, one of the weakest in the food group, Te- flected a decrease of 29.4 per cent in earnings from the preceding fiscal year. Baltimore Markets Special Dispateh to The Star. BALTIMORE, Md., October 4 —White potatoes, 100 pounds, 75a95; Maryland and Virginia Cobblers, barrel, 1.25a1.50; sweet potatoes, bushel. 35a60: beans. cabbage. bushe!, 35a40; carrots, 100, 1.50a2.00; cucumbers, bushel, 1.50a2.00; caulifiower, crate, 1.10a150; celery, crate, 75a1.25; corn, d.zen. 6al2; egg- plants, hamper, 20a25; lettuce. crate, 200&3 00; lima beans, bushe!, 1.7582.25; onions, 100 pounds. 85a1.00; peas, bushel, 1.50a2.25; peppers, hamper, 10!‘[ 30; squash. bushel, 30a40; spinach, bushel, 70a90; tomatoes, canners’ stock, bushel, 30a40; apples, bushel, 35a1.25; peaches, bushel, 75a1.75; pears, bushel, 50a1.50; grapes, basket, 35240, Dairy Products. Chickens—Young, pound, 12a16: Leg- hcras. 11a12; old hens, 13a17; Leghorns, old, 10a12; rocsters, 8a10; ducks, 9al12; pigeons, pair, 10a15; guinea fowl, 30a40. -Recelpts, 965 cases; current re- ceipts, 15a23; hennery whites, 30a32; Western firsts, 24a25; nearby :\rm 24a25. Butter—Good to fancy creamery, 18a 23; ladles. 13al4; process, 15a16; store packed, 10all. Live Stock Market. Cattle—Receipts, 150; dull; steers good to choice, 6.50a7.25; medium to lood 5.5086.50; fair to medium, 4.75a 5.50; plain to fair, 4.25a4.75; common to plain. 3.50a4.50; bulls, medium to good, 3.5084.00: fair to medium, 3.00a 3.50; plain to fair, 2.75a3.00; common to plain, 2.50a2.75: cows, good to choice, 3.50a3.75; medium to choice, 3.00a3.50; fair to medium, 2.50a3.00; plain to fair, 1.75a2.25; ccmmon to plain, 1.25a1 fresh cows and springers, 30a60; heifers, good to choice, 4.75a5.00; medium_to good, 3.50a3.75; fair to medium, 4.25a 4.50; plain to fair, 3.25a4.25; common to plain, 2.75a3.25. Sheep and lambs—Receipts, 900: steady; sheep, 5082.00; lambs, good to choice, 5.75a6.25; ccmmon to medium, 4.60a4.80. Hogs—Receipts, 1,000: lower; lights, 4.4024.65: medium, 4.40a4.65; heavles, 4.2524.60; roughs, 2.75a3.75; light pigs, 4.00a4.40; pigs, ¢.40a4.55; best Western hogs, 10a20 cents higher than quota- tions. Calves—Receipts, 50; steady: calves, good to choice, 6.50a7.00; common to medium, 3.50a5.50. Hay and Grain. ‘Wheat—No. 2 red Winter, garlicky, spot, domestic, 613;: October, 61%; November, 63Y. Cargoes on grade, no sale. Corn—No., 2 yellow. spot. domestic, 44a44'2; cob corn, 2.00 per barrel. Oats—No. 2 white, domestic. new, to weight, 261:329%,: No. 3, zslanze Rye—Nearby, bag lot, 45a50. Hay—Receipts, none. The market continues dull and inactive under gen- erally ample receipts, especially of the poorer grades, whlch are hard to move at any price. gmdeu of hay are selling at a range $11 to $14 per ton, as to grade and kind. Market irregular on everything below No. timothy. New hay beginning to move. Straw—Wheat, No. 1, per ton, 8.00a 8.50; oats. No. 1, per ton, 8.00a8.50. ga et Heads Chain Store Association. NEW YORK, October 4 (#).—Fred H. Massmann of the National Tea Co. Chicago, has been elected president of the National Chain Store Association for the year ending September 30, 1933. He succeeds Albert H. Morrill of Kroger Grocery & Baking Co. . High. Low. Close. 47% 46 47 90% 90 25% 2515 Toklo 548’61 Tokio El1 Lt 63 il.. 31 UE&P 1st l%l A'N Zg 5 Uruguay Uruguay 6s°64. Utah P& L 5s'44.. Util Pw 53 '69 ww. D. C, TUESDAY, OCTOBER 4. 1932. N. Y. CURB MARKET Received by Private Wire Stock and Bale— Dividend Rate. Add 00. High. Low. Close. Aluminum of Amer12508 70 66 68% Aluminum Ltd. 2% 21 21 Am Beverage. . B 88 Am Capital pt % T AmCitiesP&LB. 5% 5% Am Comwith Pw A T Am Cyanamid B 513 Am & For Pw w! 6% Am Founders. 1% Am Gas & El ($1) 34% Am Gas&E pf (6). 88 Am Lt &Tr (2%) Am Maracafbo. .. Am Superpower Am Super 1st pf 6.. AmUt&GBvte... Arkansas Nat Gas. Arkansas NtGs A. Ass0G&EADE%. c G&E pof (5) Plywood. % I’ wp S ScanmnSanwicaanSean » S. 5 Auto Voting Mach. Axton Fish A 3.20.. Benef Ind Loan 1% Blue Ridge c pfa3. Borne-Scrymser. . . Brazil TL&P(b8%) Brit Celanese rcts. Buff N&E pf (1.60). Canadisn Marconi. Carib Syndicate. . Celanese pf (3%) Celanese 1st pf. Cen Pub Serv Del Cent Pub Svc A. Cent & Swn Util g [ORUPT- 2 -38~ S Cities Service pf. . Citles Sv P&L $6 pt mon Claude Neon Inc. .. CelG&Ecvpt (5). Comwlth & Sou war Comunty Wat Sve. Comstock Tunnel Consol Copper. Cons Gas Balt 3.6 Crown Cent Pete. .. Crown Cork Intl A. Darby Petroleum. . Davenport Hose(1). De Forest Radlo. Detroit Alrcraft. Dow Chemical (2). Duval Tex Sulphur. Eastr G&F pf (6) East Util Asso (2). Eisler Elec Corp. EI Bd & Share b6% 26! El Bd & Share pf 5. Kl Bd & Share pf Elec Share pf ww EmpireG&F$%.. 5 Europ F1 Lid A 30c Europ Elec deb rts. Fajardo Sugar..... 50s Federated Capital. Federated Cp cm pt Federated Metals. . “isk Rubber (new) Ford M Ltd Foundation Fo: Franklin Mfg. General Alloy: Gen El Ltd 2 Georgla Pw pf (6). Glen Alden Coal. Gold Seal El new Goldman Sachs Grt A&PT n-v 161 30- Groc Strs Prd vie.. Gulf O1l of Pa Holling Gold t70c. Horn & Hard (213). Hudson Bay Min Humble Ofl (2 Hygrade Food. Imp Ol of Can 50c. InsCoNAm (2)... Insurance Sec. Int Petrol (1). Int Superpwr (50¢) Interstate Eq cv pf. Italian Superpw A. Kelly Spring T new Lone Star G bé4c. . Louisiana L & Ex.. Marconl (k13 1-5¢). Mead Johnson 3% . Midl West Utllities Mo Kans Pipe L. Mountain Prod 80c. Nat Aviation. . Nat Bellas Hess. Nat Dairy pf A (7). 2! Nat Food Prod A Nat Fuel Gas (1) Nat Pw&Lt pf (6). Nat Service. . Nat Steel war Nat Transit (80e). . New Eng Pw pt () 150s New Mex & A Lnd.. 1 Newmont Mining.. 3 NYPw & Lt pf (7) 258 Niag Hud Pwr 1.20. 42 Nipissing. . 1 ©Ohio Copper. . 15 PacG&E1stpf1y% 1 Pacific West Ofl. 1 Pan Am Afrways. 1 Parker Rust Proof. 250s 3 Pender DG A3%;.. 5 Penroad Corp. . Penn P& L pf(7).. Penn Salt (3)...... Pepperell Mfg Co. . IMPROVED TOBACCO PRICES ARE NOTED Reports From North Carolina In- dicate Higher Bids for Prac- tically All Grades. 50- 50- 37% By the Assoclated Press. RALEIGH, N. C, October 4—Two sales a day began on the Henderson and Oxford markets of the middle to- bacco belt yesterday. Average prices, compared with Friday, were higher on practically all grades. Today's averages: Orange leaf, B4F, 19.00; BSF, 14.10; B6F, 8.50; B7F, 4.8 lemon lugs, X1L, 23.80; X2MM, 21 X3L, 13.00. c Sales were light at Henderson, offer- ings consisting principally of good to fair quality lugs. A small percentage of better quality leaf and cutters were offered and were in demand. Sales were fairly heavy at Oxford. Offerings were composed chiefly of lugs, of which a fair percentage was on the priming side and included a fair percentage of lower quality leaf grades. In the new bright belt sales were heavy at Farmville. Medium to com- mon quality leaf grades predominated. A small quantity of lugs and better quality leaf and cuttings were offered. New York Cotton Special Dispatch to The Star. NEW YORK, October 4—Cctton prices advanced about 50 cents a bale Util Pow 5%8 '47.. Vanadium 8t §5°41. Vienna 6s'63. Va Ry & Pw b8 4. VaRy1stSsA‘62. B1% 55% 101% 9% 2 enn AuBAA DL RANeRaaS ~oNe N 69 Wabash 24 49% Walworth ;z% 49% 3 40% West El db 55 “44 .. We=t }7d 1st 4s '52. West Md 5% 77, West Pac 58 A'46. . West Unel tr 55 '38 West Un.on bs 51, West Union §s '60. West Un 63,4 . Westphalia 6s '53.. Wil & Co Ist 6s°41. Wis CentTm 4s'36. Yokohama 6s 61 Ygstn S&T b8 A’ Ygsta 8&T bs B 64 36 8 6415 66 87% 434 52% 68 at the active opening of the market to- day. Commission houses had no offer- ings and there was a good volume of covering, lly in distant con- tra Openln' g prices were: October, 7.06, Decemer 7.12, up 10; January, no ‘up 11; Mareh, 727, up 11; May, 7.40, up 13, and July, 7.49, up i4. —_————— Baltimore Port Arrivals. BALTIMORE, October 4 (Special).— There were 185 arrivals in the port of Baltimore during September, according to the Maritime Exchange, 20 vessels less than in August and 29 less than in September, 1931. Among the arrivals were 23 motor vessels, 30 oil and molasses tankers, 2 yachts, 2 destroyers, 1 schooner and 2 Shipping Buze steamers to be con- ve During the first nlne months of 1832 there were 1,928 arrivals, 135 less than for the corresponding period of 1931. Direct to The Star Office. Stock and Sale— Dividend Kate. Add 00. High, Low. Close Phoenix Secur Corp # # # Pilot Radlo Tube A 2 1 1% Ploneer Gold (12¢). 3% Pitney Bowes b4 % . 4% Pitts Plate Gls (1). Premier Gold (12¢) Propper McCallum, Pub Uti) Hid war. . PubUtil Hldx w... Pure Oil pf (6) Rainbow Lum B. Raytheon Mfg. Reliance Int A Roosevelt Field. Safety Car H & Lt. 4% 16% S oo B = 32 Salt Creek Consol .. Balt Creek Prod (1) Segal Lock & Hrd. . Selected Industries Shaw Wat&Pw(1). Shenandoah Corp.. Silica Gel ct. .. 80 Am Gold & Plat. South Penn Ol (1) SouCal Ed pf B1% South Nat Gas. .... Spanish & Gen rets Stand Uil Ind (1).. Stand Oil Ky 1.20.. Stand P&L pf (7).. Stand Silver & Swift & Co. . Tampa Elec 2.24 Technicolor. . Tech Hughes (60¢) Unlon Tobucco. United Founders. United Gas. United Gas pf (7).. it Lt&Pwr (A). Unit Lt & Pwr pf.. l td Profit Shar. lec Pwr ww. | viE Intl 1st pt Util P& Lt Van Camp Pak pf.. 180 19 00 O N0 00 stock. DPaid last By the Associated Press. CHICAGO, October 4.—Grain prices tended upward early today. Sattered buying met little resistance, with traders generzlly hopeful that President Hoover's Des Moines address tonight would prove a constructive market in- fluence. Opening unchanged to one-quarter higher, wheat afterward ros= all around. Corn ted unchanged to a shade advance and continued to gain Purchase orders in the wheat pit were ascribed chiefly to Eastern sources, and were cmphasized by New York Stock Market upturns. Some notice was also taken of reports that the Re- construction Finance Corporation still had under advisement the legality of a loan to the Chinese government for the purchase of wheat in this country. Fractional advances in prices, however, ran against standing orders to sell and the gains failed to hold well, Enlarged cheaper cfferings of South- ern _Hemisphere wheat were reported Liverpool as being made both b; entine and Australia.- Meanwhi toc, Argentine advices said_conditions were mostly favorable for the growing crop. Another bearish item was an- nouncement that Sweden had in- creased by 5 per cent her milling re- dictions of heavy frost tonight. Provisions lacked support. e GERMANY LENDS MONEY & TO PRIVATE INDUSTRY By the Ascociated Press. states } A cable to the Commerce Department | that about 5,000,000.000 marks ¥INANCIAL. CARRIER EQUIPMENT BUSINESS VERY SLOW By the Associated Press. NEW YORK, October 4.—Despite the Financing Corporation weeks ago, car- rier equipment business in September was about the poorest in the history of the industry. Manufacturers believe that many roads are in actual need of new equip- ment and would place order. now if they could be given assurance that the traffic trend has turned. Several of the leading lines, on the other hand, have indicated that they have plenty | of equipment for present needs and that they do not desire to purchase more with their own or borrowed funds. According to Railway Age, last month was marked by a complete ab- sence of new equipment business, ex- cept for the steps taken by the Penn- sylvania Railroad to build 1300 box cars at its own shops. For the nine months ended with September the equipment companies turned out only 1,300 box cars, compared with 6,956 in the same period of last year, 33,557 in 1930 and 66,190 in 1929. In the Market Averages By the Associated Press. STOCKS. e E8akw G Hx:n o Gt High, 1930 Low, 1930 . =322223808, Sebboewe 2 High, 1930 Low, 1930 .. (Copyright. 1932, Standard Statistics Co.) | formation of the Railroad Equipment | motive power ent the record was still poorerm a_single loco- motive was ordered for domestic ac- count in the nine months' period, as against 188 ordered in the first nine months of 1931. Crown Cork & Seal. BALTIMORE, October 4 (Special) — | Report of the Crown Cork & Seal Co. shows total consolidated current assets of $6,025,870 as of June 30, with cur- rent liabilities of $848,173, a ratio of 7 to 1. Current assets included $993,665 cash and Treasury certificates and total current assets alone were in excess of all liabilities, including bonded in- debtedness. Since that date current liabilities have been reduced and cash and Treasury certificates have been in¢ creased o 81, 236000 BUSINESS FAILUBES FEWER. NEW YORK, October 4 (#).—Rec- ords of R. G. Dun & Co. show that mercantile failures for the past week were fewer in number than in the same period last year. There were 540 fail- ures, compared with 543 in the corre- sponding week of 1931. During Sep- tember, it was said, a considerable im- provement was shown each week in the business failures situation. Columbia Permanent Building Association PAYS 5% compounded semi-annually Under U. S. Gov't Supervision Organized Jan. 1, 1903 733 12th St. N.W. Melvin C. Hazen, Pres. Wm. P. Richards, Vice Pres. Floyd E. Davis, Treasurer Fred A. Smith, Secretary against “rainy days,” the far- ther away want and worry recede . . . the nearer oppor- tunities come. ¢ This staunch old bank makes it easy for you to begin saving —profitable for you to continue. { Deposits invited in any sum —Interest paid on Savings and Checkmg accounts. ’\ATIO\ AL SAVII\C & TRUST COMPANY The Oldest Saving Corner PROPERTY strictions against imported wheat. Corn and oats sympathized with wheat price advances, and responded also to pre- | Apartment House Tastitution in the District of Columbia 1Zih & New York Ave. MANAGEMENT ; MANAGEMENT E can easily demonstrate to you, we are sure, that | 4 | - the very nominal fee which we charge for the management (appreximately $1.250,000.000) have been loaned by Germany's state and national governments during the last few years to aid in credits and guar- antees to private industry. | Governmental guarantees and spe-| cial eredits to distressed enterprises in industry. commerce, banking and agri- | culture have played an important and steadily growing p: in the German economic policies during recent years, the report said. | While figures for every state govern-' ment are not vet available, expenditures in this directign by Prussia, the largest state, were as follows: Construction, | 1,100,000.000 marks; unemployment, 258,000,000 marks; agriculture, 108.-! 000.000; trade and industry, 43,000,000, | and miscellaneous, 2,000,000 marks. | The 853,000,000 marks in treasury notes, which were put at the disposal| of big banks by the Reich last Febru- ary, In order to strengthen their cap- | ital resources, are not included in the | above figures. | 925 15th St. N.W. MORTGA of apartment house properties is more than earned in the relief which you will have from all worry and the many economies which we will be able to effect —thus increasing your net earning. We shall be glad to confer with you —without involving any obligation. B. F. SAUL CO. NAtl. 2100 GE LOANS selecting $ FOR $ LET'S TALK Start witl Columbia —and POSITS. save large sums all at once. the small this priceless lecrut in mind . and begin today. K_J. STRYKER, President ENG NATIONAL SAFE DEPOSIT BOX All T c 8:30 HT Merits YOUR Consideration, MAKE $3.50 a Year up u“(m“ NO.57 of a Series of Reasons why—when @ bank—the Columbia National THINGS h a LITTLE at The National Each Pay Day REGULAR DE- Few average people c‘nn t's REGULARLY, d steadily. So ccount ~with amount, 1 AGE A COLUMBIA es for all requil ONVENIENT HOURS to S—Saturdavs till 12 O'clock on st and 15th. o e p— s