Evening Star Newspaper, November 15, 1932, Page 14

FIIANCENE, MARKET RECOVERS TOURES A—14 =x» FINANCIAL. WASHINGTON, 'D. C, TUE_2..Y, NOVwu.BER 15, 1933 BANKS' RESOURCES THE EVENING STAR, sales in Salee— Add 00 High. Low. Close. Chge. 8 15% 15% 15 NOTE— Sales of each ~Prev. 1982~ High, Low. sales are mot i this edition. | ' N sales are mot siven in, this edition. ividual sales ot siven in this edition. _ Toda: i R e Trom ereTdAT's DADSF. Bates 'S RRaR Stk I ol CAion ‘are. frem yisieraar’s Baver, Sales O cach Motk To this cilion Sre. from Testerdas's DUDeE Sates oF cach stock ‘m his Stock and Btock and Sales— Net | ~<Prev. 1932 Stock and - Sales— Net | Prev. 10323~ Stock Low. Dividend Rate. Add 01 High. Low. Dirvidend Rate. Bales— ~Prev. 1033— Dividend Rate. Low. Dividend Rate. Add 00 High. Close. Chse. HIEHER SIACE ONE Controller Als‘d,Reports Gains in Deposits Over Record of Previous Quarter. BY EDWARD C. STONE. The 6,085 reporting national banks in the United States, Hawali and Alaska had resources of $22,565,995,000 on September 30, an increase of $198,- 284,000 over the previous gquarter, but 8 decrease of $3,180,069,000 over the corresponding quarter in 1931, the con- troller of the currency reported today. Loans and discounts, . including re- discounts, on_September 30, amounted to $9,919,662,000 and showed decreases for the 3 and 12 month periods of $362,014,000 and $2,560,273,000, Te- spectively. % Investments in United States Gov- ernment - securities of $3,662,669,000 showed, an increase of $310,003,000 since ; June 30, 1932, and an increase of $373,- 402,000 since September 29, 1931, Other ds_and secyrities held, amounting to $3,780,623,000, showed a decrease of $68,363,000 since June 30 and a de- crease of $599,393,000 in the year. Deposits Higher Since June. Capital stock paid in totaled $1,563,- $32,000, which was $5,751,000 less than 0 June, 1932, and $03,142,000 less than | i September, 1931. Surplus funds of $1,205,939,000 and net undivided profits, excluding reserve -accounts, of $308,- 384,000, a total of $1,514,323,000. showed decreases in the 3 and 12 month periods of $47,623,000 and ‘$411,442,000, re- spectively. National bank notes outstanding smounted to $743,080,000, in compari- son with $652,168,000 on June 30 and| $631,569,000 on_September 29, 1931. Deposits on_September 30, 1932, ag- gregated $17,917,000, showing an in- crease since June of $221,004,000, but & decrease in the year of $2,697,467,000. Th:lfucenuge of Joans and discounts to total deposits on Sepiember 30 was 56.10, in comparison with 58.88 on June 30 and 61.24 on September 29, 1931, the troller states. Reserve Board Leaders Meet. Federal Reserve Bank governors and :fimu discussed pending ban! leg- ation in Congress and Federal Re- serve policy at a meeting yesterday with the Reserve. Board. 'I'hlsa(wns the first meeting in two years of Reserve Board governors, agents and board members. While no statement was issued, there was a consensus of opinion that the Glass-Steagall pro- wvisions allowing the substitution of Government securitles for eligible paper as collateral for Federal Reserve netes should be continued beyond the one-year limit. There is some quetsion ®s to whether the board will ask for continuance at the present time or wait until the middle of the Winter. The conference also discussed branch benking legislation and the Glass bill. While the desire of some that the Re- serve diminish somewhat its holdings of Governments was noted, the feeling was | that this policy should be unchanged so ;s to give every opportunity cheap| money will allow for promotion of bus- | es; recovery. It was considered pos- jble, however, that some of the January maturities of Governments may be al- lowed to run off without being replaced, but there will be no substantial selling | oY Governments in the open market, the | ‘Wall Street Journal believes. i Secretary Mills attended the meeting | eand discussed the Treasury position. Insurance Address Is Lauded. Lotal insurance men tcday were praising the address made bsfore the District of Columbia Life Underwriters’ Association by rles C. Thompson, rapid increase in membership in the pest few years. In conclusion, Mr. | ‘Thompson _ouf .the three major zflm of devréopmedt mmme insurance, | end protection through legal reserve e Iph, district manager of the Metropolitan, 'stated that the stupen- | dous sum of $4,140,000,000 was distrib- ;ted by life insurance companies last ear, Today’s Trading on D. C. Exchange. On the Washington Stock Exchange today two $1,000 sales in Washington | Gas 6s, series A, were recorded at 99% and one $500 sale at 99%. Pive shares of Potomac Electric Power 6 per cent preferred stock sold ex dividend at 110%. Twenty-five shares of Washing- | ton Railway & Electric preferred | changed hands at 87. | Consolidated sales of Safeway Stores, | Inc., system for four weeks ended No- | wember 5, 1932, were $16,361,301, com- paring with $17,219,692 in the preceding four weeks ended October 8, last. For | the 44 weeks ended November 5, 1932, sales totaled $194,083,568. Number of stores in operation were 3,386. | For the first time in several months | commodity prices were decidedly higher during the latest week. The whole- sale price index of the National Ferti- | lizer Association advanced from 59.9 to | 60.5—a gain of six fractional points. Banks in the Detroit area will dis- trfbute approximately $4,910,000 this | month to Christmas savings club depos- itors. This compares with $5,625,128 distributed last year. The First Na- tional Bank will make the largest dis- | tribution with total of $2,700,000. | . REFUNDING IS DELAYED BY DAVISON CHEMICAL' 8pecial Dispatch to The Star | BALTIMORE, November 15.—Comple- | tion of the plan of the Davison Chem- | ical Co. for refunding the $1,700,000 five-year 6> per cent notes of the Silica Gel Corporation, guaranteed by the Davison company, has been defer- red, as about $300,000 of the notes have not yet been deposited. Suit has been | entered by several note holders against the Davison company, demanding pay- | ment. The refunding plan included the issue of $1,700,000 five-year 62 per cent Davi- son Chemical Co. notes for the Silica Gel notes and an additional $1,700,000 of notes to be issued to banking credi- ';;I’b&';l) liquidate a like amcunt of bank Z REDUCTION REPORTED | IN BUSINESS FAILURES NEW YORK, November 15 (#).—R. G. Dunn & Co. reported that business failures last week declined to 435, com- pared with 537 for the previous week and 531 for the same week last year. CHICAGO DAIRY MARKET. CHICAGO, November 15 (#).—Butter, 7,815 tubs; firm; creamery specials (93 score), 221,a23; extras (92), 22; extra firsts. (90-91), 21a21%;; firsts (88-89), 19a20; seconds (86-87), 16a18; stand- ards (90, centralized carlots), 2135 Eggs, 4,847 cases; firm; extra firsts, 32; fresh graded firsts, 31; current receipts, 27a30; refrigerator firsts, 24%; refrig- erator extras, 25%. Poultry, alive, one car, 66 trucks; steady; hens, 1121412 Leghorn hens, 9: colored springs, 11%: rock springs, 12; 9; turkeys, 12a17; ducks, 10%2a 11}4; geese, 10; Leghorn broilers, 10. - 9% 4% 16% 63% 15% 15i% 1% % 1% 1% 4% 30% ™ % 42Y% 96% 414 12 5 18 11 2 2% 25 6% 37 2% % 1% 6% 16% 3% 3 18% % w 130 22 21% 3 5 Add 00 Adanis Express. ...« 15 Adv Rumley........ 8 Afiliated Prod 1.60.. Air Reduction (3)... Alaska Juneau (50¢). Alleghany Corp..... Allled Chem & D (6). Allied Chem pf (7).4) Alpha Port Cement.. .1 Amerada Corp (2)... 4 Am Bank Néte. 6 85! 2 6 6 8 8 9 7 1 5 Am Chicle (13).. 8 ‘Am Comc'l Aleohol.. 160 Am & Foreign Pwr.. 108 Am&For Pwr2dpt. 1 Am Home Prod 4.20.. 4 Am Jee (1)... Am Ice pf (6).. ‘Am International. ... Am Mach&Fdy (80¢). Am Metal Co... ‘Am Metal pt. Am Pwr & Lt pf (6) ‘Am Radiator. ‘Arh Rolfing Mills. Am Safety Razor Am Seating. . Am Ship.& Com. Am Smelt & Ref Am Snielt & Ref pf.. Am Snuff (13%).... Am Stee] Foundry Am Steel Fdry pf(7). Am Stores (123%). 4 Am Tel & Tel (9). 319 21 % 3 (3] 1T% [ 8% 28% 1 1% Am Tobacco B (16 Am Water Wks (2).. Am Wat Wks cfs(2), Am ‘Wat W Ist pf(6). Am Woolen. . Am Woolen pf. Am Writ Paper pf Anaconda Copper. ‘Anchor Cap (1.20) Armour of 111 (A) Armour of Il pt Artloom COTp. ...... Assoclated Apparel. . Asso Dry Goods. . Assoclated Oil (1) Atchison . Atl Gulf&W Ind pf..: Atlantic Refining (1) Auburn Motor (£4).e Austin Nichols. Avation Corp (Del) . 12 2 Baldwin Locomot. 21% 41% 99 7 43% 624 18% 29% 14 12% 61 224 434 14% 19% 1054 8T 9% 26 35% 19% 5 26% 1% 40% 2% 30 40 481 3% 6 62 3% 10% 67% 4 % 16% 3% 50 4% 20 3% 4 2% 11% 31% 1% el 1% 2% 1% 1 6% % 125 % ¥ 1% % 2% 1 Baltimore & Ohio. Baltimore & Ohio pf.. Bamberger pf (6%).. Barnsdall Corp. ..... Beatrice Creamery. . Belg N Ry pt pf 4.09. Bendix Aviation Bethlghem Steel Bethiehern Steel pf. . Blaw Knox 2 Bloomingdale pf (7) Boon Alumn & Brass Borden Co (2) Borg Warne: Boston & Maine. Briges Mfg Co g Bkyn Manhat Tran. . Bklyn Man Tr pf (6). Brunswick-Balke. ... Bruns Term & Rwys. Bueyrus-Erie. Bullard Co. . Bulova Watch. .. Burns Bros (A). . Burroughs AM(40c). Bush Term'l deb stk. Bush Terminal pf(7) Butte & Superior. ... Byers (A M).. Calumet & Hecla. 508 208 1 Canadian Pacific. ... Capital Admin (A).. 6% Case (J I) Co. 4% % % ™ % 3% 9% i % 4 2 5 2 6% 1% 5 4% 41% 11 2% 2% Caterpillar Trac 50c. x 15 Celanese Corp o Celotex pf. . . 1108 Cent Aguirre (1%).. 2 Century Rib Mills... 1 Cerro de Pagco. .... 21 Ches & Ohio (234). 188 Chesapeake Corp (2) 18 Chi Mil StP'& Pac... 1 Chi Mil StP & Pac pf. 5 Chi & Northwestern, 22 Chi & Northwest pf.. 1 Chi Pneumatic Tool. 5 2 v.oa 48 ChiRI&Pac6% pf, 16 Chi Yellow Cab (1).. 30s Childs Company . . Chrysler Corp (1)... Coca-Cola Co. . . Coca Cola (A) (3)... Colgate-Palm-P (1). Collins & Afkman. Colo Fuel & Iron Columbia Gas (b1).. Columbia Pie ctfs. .. Columb Carbon (2).. Comol Cred 1st(6%). Comel Inv Trust (2). Comcl Inv cv pf(e6). Comel Solv (60¢).... Comwlith & Southn. . Comwlth & Sou pf(6) Congol-Nairn (60c). Consol Cgr pr pf 6% . Consol Film pf Coneol Gas N Y (4).. Consol Gas NY pf(5) Conscl Laundries(1) Consol Oil Corp. Consol Textile Contl Can (2) 6% Contl Insur ( Cont Motors Contl Oil (Del .o Corn Products (3)... Corn Prod pf (7).... 5508 15 Cream of Wht(12%) 3 2 4 Crosley Radio K % 13 3% 1 32 8% 20% ™ 5 23 22 80% 36% 3 8% % % 2% 8% 10% 25 3 9% 1% % 6% 6 10% 2% 915 104 % 815 10% 19% % 5% 5% 28 % 2% 4 1 % 1% 10% 2% 8% Crown Cork & Seal. . Crown W P 1st pf(4) Crucible Steel. Cuba Co.... Cuhan-Am Sugar. ... Curtis Publishing. .. Curtiss Wright. 37 60s 4 Cutler Hammer. Davison Chemical Del & Hudson (6). Del Lack & Westn. .. Diamond Match (1). Diamond Mach pf 1% Dome Mirtes (11.30). Doug Aircraft (75¢). Drug Corp (4) Dupont de Nem (2).. Dupont deN db pf(6) Eastman Kodak (3). Eaton M{g Co....... Elec Auto-L (1.20).. Electric Boat Elec & Musical Instr. Elec Pwr & Lt Elec Pwr & Lt pf (6) Elec Pwr & Lt pf (7) Eng Pub Sve pf (6).. Fashlon Park Asso. . Fed Lt&Trac (31)... Federal Mot Truck. . Federal Screw Wks. . Federal DeptS(60c). Fidelity-Phoen 1.20, . Firestone T & R (1). Firestone T&R pf(6) x First Nat] Stores 2 Foster-Wheeler Fox Film (A). Franklin Smn Freeport-Texas (2) Fuller Co pr p: Gen Am Tank Car(1) Gen Baking (2)..... Gen Cable. ... 4 Gen Electric (40¢)... Gen Elec spec (60c) . Gen Foods (2)...... Gen Gas & Elec (A). Gen G&E pf A (p7). GenG & E pf A (p8). Gen Mills (3). . Gen Motors (1) . Gen Outdoor Adv. Gen Outdoor Adv (A) Gen Public Service. . Gen Realty & Uril... Gen Refractories. .. Gillette Saf Raz (1). Gobel (Adolf) . Gnld Dust (1.60).... 242 12 26 36 2% Goodrich (BF)..... 5% Goodyear Tire&Rub. % Getham Silk Hoslery Grabam-Paige. .. 5% Great Northern pf Great Northern Ore. 3% Great West Sug. . P LU Great Wn Sug pf (7). 108 % Grigsby Grunow. ... b High, 6% (6% 3 3 *10% 9% 55% 11% 1% 30% 30% 112% 108% 69 Y% 62 274 18% 264, 11% 12% 34u 36% 100% 100% 83% 51 6 18% 3 9% 57 i+ £+ FEFFL E OFOEF S Li+i+0 1 FSREFRFEF 14+ + SEEEEELL FELE. 2 £ [REFE XTI TUL+1L+4+0 000 Net Low. Close. Chge. 6% -% - % ! 3 [N} THLLL Al 4+ srexs” : | [N | LY seEgerfas tll I: FEEF FE ¥ LA +11 #+ srssesEserrss peeey ¥as L)L+ N e SFEFEFER £¥)+ =2TEs srss 1+11 - - +1+1+1 FEFE F High. F§ 15% 21% W 4% 24% 40 33% 99% 4% 22% 9% Guantanamo Sugar.. . 3 Gulf Mobile&Nor pf. - 2% Guif States Stes % Hahn Dept Stores. .. 31 Hall W F) Printing 83 Fanna pt (7).. 3% Hayes Body. . 431 Hershey Choe (6) + 6% Holland Furnace. 6% Houdatlle-Hersh(A) 1 Houdailie-Hersh (B) 8% Houston Ofl. .... 1% Houston Oll (new). 2% Hudson Motor Car. 1% Hupp Motors 2 4% Illinois Central. ... 7% Industrial Rayon (2) 14% Ingersoll-Rand (2).. % Inspiration Copper. . 8% Insuranshares (Del) 2% Interboro Rap Trans. 3% Int Agriculture. . 3% Int Agriculture pf... 52% Int Bus Machine (né) 1% Int Carriers Ltd 20c. 3 Int Combustion..... 10% Int Harvester (1.20). 2% Int Hydro-Elec (A).. 3% Int Nickel of Can. . 50 Int Nick Canpf (7).. % Int Paper & Pwr (C). 2 Int Paper & Pwr pf 4 Int Printing Ink. 24% Int Printg Ink pf (6. 9% Int Salt (1%).. 26 Int Silver pf (4). 2% Int Tele & Teleg. 1% Interstate Dept St... 10 Johns-Manville..... 45 Johns-Manv pf (7). 4% Kayser (J) & Co. 1 Kelly-Spring ctfs... 7 Kelly-Spr8% ctfs... % Kelsey-Hayes Wheel 2% Kelvinator Corp. 4% Kennecott Copper. 10 Kimberly-Clark (1). 6% Krosge (SS) Co (1).. 10 - Kroger Grocery (1).. 25 Lambert Co (15).... 5 Lehigh Valley RR.. 80% Lehman Corp (2.40). 3% Libbey Owens Glass. 843 Ligg & Myers B (15). 14 Lily Tullp Cup (1%). 6% Link Belt (80c).... 9 Liquid Carbanic. . 18% Loew's Inc (t4) 1% Loft Inc..... 16% Loose-Wiles Bis (2). 9 Lortllard (P) (1.20)., 814 Lou Gas&El A (1%). 7% Louisville & Nash 1% Ludlum Steel. . 20 MecCrory Strs pf (6). 18 MeclIntyr Por M(t1%) 28 McKeesport T P (4). % McLellan Sto: 10 Mack Trucks 17 Macy (HR) (n2) Magma Copper (5 1 5 - Y T SR alE8ounanTee & - . 2 56 39 9 17 34 1 ki 4 10s 4 21 4 17 6 3 . 1108 4 Manhat Elev mod gtd 6% Marine Midld (80c).. 8 Marshall Field & Co. 9 Mathieson Alk (1%). 9% May Dept Stores (1). 3% Mid Continent 2 Midland Steel Prod. . 11 Min-H'well Reg (1) % Minn Moline Pow 5 Minn Moline P pf 1% Mo Kan & Texas. 8% Mo Kan & Texas pf. 1% Missouri Pacific. 2% Missouri Pacific pf. 13% Monsanto Chem 1% . 8% Montgomery Ward. . 1% Mother Lode. ... % Motor Products (2) 2 Motor Wheel. 2 Mullins Mfg. 2% Murray Corp. 8 Nash Motors (1). 20% Nat Biscuit (2.80) 61 Nat Cash Reg (A). 14% Nat Dairy Prod (2) 13 Nat Distillers. . 87 Nat Lead pf A ( 6% Nat Pwr & Lt (1) 18% Nat Steel (50c). ... 8% Nat Tea (60c).. N H & Hartford. NYNH&Hart pf.. 70 NY Steam pf (6).... 10% Noranda Min (a500). 57 Norfolk & West (8).. 1% North Am Aviation. . 13% Nor Amer(b10%stk) 28% North Amer pf (3)... 5% Northern Pacific.... 15 _Northwest Tele (3) b Ohio Oil (ah0c).. % Oliver Farm Equip. 1% Omnibus Corp. . 9 Otis Elevator (1) 1% Otis Steel. ..... 42% 12 Owens1ll Glass (2).. 37 4T% 104% 17 42% 108 60 90% 102% 28 615 12% 40% 1% 9% 23% 14% 59% 99 16% Pacific Gas & B (2). 20% Pacific Lighting (3). 58 Pacific Tel&Teleg(7) 1% Packard Motor Car. . 1 Panhandle Pro&Ref. Panhandle P & R pt. Paramount Publix. .. P Pathe Exchange. Pathe Exchange (A). Peerless Motor Car.. Penick & Ford (1) Penney (J C) 1.80 Penna Raflroad Peoples Gas Chi (5). Pere Marquette pr pf Petrol Corp of Am. .. Phelps Dodge. ... Phila& Read C&1I.. Phillips Petroleum. . Pierce Petroleum Pitts Coal pf..... Pitts Steel pf.... 8% Plymouth Ol (1).... 1% Postal Tel&Cable pf. 3 Presced Steel Car... 2% Pressed Steel Car pf. 18% Proctor & Gamble(2) 81 Proc & Gamb pf (5). 28 Public Sve N J(3.20). 62 Public Sve NJ pf (5). 71% Public Sve™NJ pf (6). 10% Pullman Corp (3) 2% Pure O11 50 Pure Ofl pf (8). 4% Purity Bakeries (1) 2% Radio Corp. Remington-Rand 1% Reo Motor Car. 1% Republic Steel. 5 Republic Steel pi 5% Reynolds Metals 2 Reynolds Spring. 261 Reynolds Tob B (3 % Richfield Ol 1% Rossia Ins of Amer. 12% Roval Dutch. 3 Rutland R R p! 30% Safeway Stores (5) 69 Safeway Strspf (7) % St L-San Francisc 1 StL-San Franpf.... 7 Schulte Retail Stores 18 Scott Paper (1.40)... 14 Seaboard Air Line. .. % Seaboard Air Line pf 6% Seaboard Oil Del-40e. 1 Seagrave Corp. 9% Sears Roebuck. 1 Seneca Copper. 1% Servel Inc. ... 1% Sharp & Dohme 11% Sharp &Dohme pf(2) 5 Shattuck(FG) (50c). 215 Shell Unfon Ofl..... 18 Shell Union Oil pf. 2% Simmons Co. . 24 Skelly Oil. . 2% Snider Packing. .. 5% Socony Vacuum 40c. 128258 35 SolvAm pf ww(5%). 43 So Porto Ric S(ad0c) 16% Southern Cal Ed(2).. 6% Southern Pacific.... 21 Southern Railway. .. 3 Southern Rallway pf 1. Sparks-Withington. . 8% Stand Brands (1.20). % Stand Gas & Elec (2) 9% Stand Gas&El pf (4). 3% Stand Invest Corp... 15% Stand Ofl Calif (2).. 81 Stand Oil Exp pf (5). 19% Stand OII N J (12)... % Sterling Secur (A) v 31 2 -2 9 55 17 3 208 28 5 2408 66 1 “ 2 16 4 206 T 4 8 63 15 12 1 x 87 1 =142~ % 3 9% 63 Low. % % 8§ —% 12% —2% 2% — % 4% — b4 EF FEEFEEFS ++ 110 & 2 1 tad : Leading Commodities o e 3 7 F ORFERREEF % +1 P = el = 3 sraEe Teerey esk ORI TV B ) ] @ 1 FEE . | advances. | tuce advant 5 Sterling Secur pf.... 133% Sterling Secur cv pf. 1% Stewart Warner. 45, Stone & Webster 21 Studebaker Corp 32 Studebaker pf (7). 68 Sun Ol pf (6). 1 Superior Oil. 21 Superior Stee 6 Telautograph (1) 1 Tennessee Corp. 9% Texas Corp (1).. 12 Tex GuM Sulph (2) 21 Tex Pacific Land Tr. 2 Thatcher Mfg Co 3% Third Avenue. .. 10 - Third Natl Inv (1)... 8% Thompson (J R) (1)« 2 Tide Water Asso Oil. 2 Timken-Detroit Axle 7% Timken Roller Bg(1) 24 Transamerica Corp. . 2% Transue & Willlams. 1% Tri-Contl Corp % Und-Ell-Fisher (50c) 5% Union Bag & Paper. . 15% Un Carbide & C(1.20) 8 Un Oll of Calif (1). 27% Union Pacfic (6) 11% Un Tank Car (1.40) 6% Unit Afreraft 6% Unit Carbon. 14 Unit Cigar Stores. 315 Unit Corp (40c). 20 Unit Corp pf (3). 10% Unit Fruit (2). 9% Unit Gas&Im (1.20). 1% U S & Forn Secur 26 US & Forn Sec pf. 10% U S Gypsum (1.60) 13% U S Indus Alcohol. 8% US Leather (A)..... 7% U S Pipe & Fdry (2). 11% U S Pipe 1st (1.20) 2 . US Realty & Imp. 1% U S Rubber. . 314 U S Rubber 1st pf... 8% 17% m13% 104% 91 2 10% 20% 0 High. Low. 1 2% . 2 Close. ) " 4 9% 10% oy T+ 46411 EFERFESFEFR FEEFEF 15 % 27% 4 2 % 5% + % 50%+10% 221 —1% 29% + % 10:30 A M. 1:30 P.M. rations 5 Unit of trading 4% in- stock. @ P able in c lus $1 | in serip. < 1% Util Pwr & Lt (A 28% 5% Vanadium Corp. 2% 15 Va-Car Chemical. 843% 7% Vulcan Detinnin; 1 Wabash pf (A) % Walworth Co. % Ward Baking ( * 12 Ward Baking pf (2 3% Warn Bros Pictures 22 West Pa El pf 661 West Pa Pwr pf (6 80 West Pa Pwr pf (7). | 1 Western Dairy pf B. 2 Al 1% Western Maryland g | % Western & 5 | 12% Western | 9% Westing’se Air B(1). 15% Westinghouse Elec. . 521 Westinghse 1st (313) 130s % White Sew Mch pf... 1 2% Wilcox Oil & Gas. % Wiilys-Overland. ... 1% Wilson & Co (A).... 2 22 Woolworth (2.40)... 5 Worthington Pump. . % Yale & Towne (1)... 1% Yellow Truck....... Youngstown Sh&Tu. 35 Zenith Radio, 4% Zonite Products(60c Saies of Stocks on New York Exchange. Dividend Tates ‘ss given in the sbove tables are cash Dayments basea on' the Iatest Guarterly or Bail-yearly stock B LT ol o A0 ‘V'u!mf T Al nPlus 5% in k. 36% - %} ‘IT\& -1% L - % -1 +“l > % 1 ho-1% | -%| - % +1% | -2 6 171 7 16 4 4 1 3 5 5o g 1t 7 el % 100,000 600,000 12:00 Noom...... 400.000 2:10 P.M.. 800,000 “decia less than 100 sheres. tPertly extra. this year— ra special pref k Plus 3% in stoek Payable UPTURN CONTINUES IN FARM STAPLES at Level Considerably Above Season’s Lows. Butter and eggs continued strong market features around the middle of November because of limited supply and some buying for the Thansgiving trade, according to the report from the United States Department of Agricul- ture. The leading farm staples, grain, cotton and live stock, showed a rising trend and have reached a level con- siderably above the lowest of the sea- son. Poultry markets are expecied to be heavily supplied for the holiday season, but early receipts were moderate and prices quite well sustained. The | potato market holds recent slight gains at leading market centers and the sup- | ply is less than usual for the season. Onion and cabbage markets continue depressed and there is no general change in apple prices, although prices | are irregular on the different varieties, according to season's production and supply. Potatoes in Western New York ranged higher at 60 to 64 cents per 100 | pounds near the middle of the month. Eastern jobbing markets were steady to stronger and the Chicago carloi mar- ket advanced to 65-70 cents on North- ern round whites. Bulk Danish type cabbage was weaker in Western New York at $3 to §5 per ton, but sacked stock strengthened to $6-$7. Onion markets were still unsettled. A wider range of 29 to 36 cents per 50-pound sack of yellows prevailed in Western New York. New Jersey Big Boston let- ced to 40-85 cents per crate of two-dozen heads. Cold storage hold- ings of celery in Western New York probably are at their peak and f. o. b. prices strengthened to 90 cents to $1 per_two-thirds crate. The Western New York apple market was firm to higher, with ode Island Greenings from cold storage returning 70 to 80 cents per bushel, Baldwins and Kings, 90 cents, and McIntosh, $1.10. Barrels of Baldwins were firm at $2.75. Potomac Valley f. o. b. mar- ket held about steady. Butter Market Stronger. The butter markets have been follow- ing a slightly upward trend this month with some improvement in demand. Medium and lower scores were well cleaned at all markets. The net out-of- storage movement at the leading mar- kets during the first nine days of No- vember exceeded that of the the corre- | | Low Prices Spur Demand for Cotton Goods Over Nation By the Assoclated Press. NEW YORK, November 15— Mail order and chain store organ- says the New York Cotton Ex- change Service, due to. the low prices at which many staple gar- ments are being offered. The service says that mill activity continues ~relatively high and promises to be maintained for & few weeks at least. |DEPOSITORS TO GET SECOND PAYMENT | Williamsport, Md., Savings Bank Will Pay Cash Dec. 15—Hagers- town Banks Also to Act Scon. Special Dispatch to The Star. HAGERSTOWN, Md., November 15. —The Savings Bank of Willlamsport, Md., has announced that it will make | a second payment of 5 per cent to de- | positors December 15, nearly three months ahead of schedule, while two Hagerstown banks, the First National and the Mechanics' Loan & Savings Bank, which closed abont a year ago, will also make payme to depositor: before Christmas. The Savings Bank of Willlamspert since The First National Bank of thiscity has already made one payment to de- positors of 20 per cent, while the Me- chanics’ bank will make its first pay- ment of 20 per cent about December 6. 1t was estimated that well over a half . million doliars will be paid by the three to depositors in banks time for Christmas. News Print Production Rises. and Canada amounted to 234,237 tons in October, compared with 221,312 in September and 281,369 in October, 1931, reports the News Print Service Bureau. Canada produced 157,506 tons of last month’s volume, NEW YORK BANK STOCKS | NEW YORK November 15 (®).— Over-the-counter market: ¢ 10 O'clock. Chase (2) sponding period a year ago by 2,449,529 | Cor pounds. Another Tather sharp advance | in prices was recorded on future con- tracts on the Chicago Mercantile Ex- change. Volume of cheese moved was still rather light for this season of the year. Prices were nearly steady. - In New York some sales of July and August make Wisconsin flats were reported at 13 to 133 cents. The majority of the holders of this class of goods was un- willing to sell at these prices, however, and are holding for 14 cents or better. Stocks of American cheese in cold stor- age in the United States on November 1 amounted to 66,807,000 pounds com- pared with 69,611,000 pounds on the same date a year ago, and five-year average stocks of 76,583,000 pounds. The egg markets continued tolL strengthen near the middle of Novem- National Puolic (2) Trust Companies. Bankers' (3) . Brooklyn Trust Empire (2) | Guaranty”~ (20) Trust (5) Title Guar'ty & Tr. (4.80) *Includes ex: FOREIGN EXCHANGE. | tQuotations furnished uy W. B. Hibbs & Co.) Nominal gold Selling checks e. oday. ber, due largely to limited receipts of | Berlin, fresh eggs and the gradually decreasing supplies in storage. Prices advanced 3 to 5 cents on fresh eggs at New York and 12 cents on refrigerators. De- mand was reduced to some extent be-| pr cause of the advancing 'prices. Turkeys have been holding prices well at the rather low levels established, and early receipts have been lighter than ex- pected from the larger estimated pro- duction. Fresh killed chickens continued to sell slowly during the first two weeks of November. Top quotations on roasting chickens were difficult to reach except on the finest packs. There was some storing by speculative interests, but for the most part receivers were willing to ' shade prices rather than to store heav- ily. The lmited supplies of dressed fowls sold at firm prices. Live Stock Gains Sharp. Live stock, except for medium and strong weight steers, sold at sharp price Marketings were reduced 7 |under the influence of the preceding IIIII#‘l_I g | 28 » Srsesse s ex = L 1+ price declines. Lower temperatures in- creased meat consumption, particular- ly that of pork, and the dressed pork market advanced sharply. Receipts of live stock at 12 leading markets for the second week of November were less than for the week before by about 52,000 cattle, 15,000 calves, 30,000 hogs and’ 135,000 sheep and lambs. The Chicago market on most light steers, yearlings and butcher heifers was around 50 cents higher. Cows of all grades worked 25 to 50 cents higher, with light, young cows up more in in- stances. Vealers advanced -mostly 50 cents. With low temperatures and light slapghter acting as price-raising influ- ences, the hog market worked sharply higher until the top at Chicago reached $4, then receded somewhat. Sharp ad- vances in lamb prices were accelerated the marked reduction in re- ina. udapest, e, Wa aloty. ... Copenhagen. crown. slo, crown .... Stockholm, crown ' . Montreal. discount, GOLD STATEMENT. NEW YORK, November 15 (#).— The only change in yesterday's gold statement of the New York Federal Re- serve Bank was an importation of $9,600 from Mexico. ‘There were no xports_or change in earmarked stock. —————p- wools brought 20 cents in the grease and 56 strictly combing staple of simi- lar lines moved at 21 cents. Some Feeds Higher. . Prices of wheat mill feeds at Eastern and Central Western markets averaged higher, influenced not only by re- coveries in wheat prices, but also by some increase in demand. Cottonseed meal prices were unchanged to higher. Linseed meal lost ground, with con- tinued slow demand. Soybean meal, were unchanged. Timothy and clover hay markets re- meined quiet and unchanged, with light offerings in continued slow demand. Offerings were light at New York City. but apparently about equal to current market requirements. Domestic grain during the second week of under the influence of lighter market- ings and some increase ‘in demand. and cotton mar- kets, reduced Canadian marketings, im- provement in domestic demand for cash grains, continued dryness in Western of the Winter wheat belt-and markets has reopened. | cop SPRINGFIELD, NEW YORK, November 15 (#).—News | (g R print production In the United States | g the Liois COIn crop was estimated hominy feed, alfalfa meal and tankage | U: BUILDING REACKES Year’s Total Is Estimated at Fourth of Volume in Boom Period. BY CLAUDE A. JAGGER, Associated Press Pinancial Editor. NEW YORK, November 15.—Building statistics indicate that the total volume of construction in the United States misnyeur Iwglrammu ](u:he than one- quarter of the average of building boom years, 1925 through 1928. Statistics on bt contracts let in the 37 States east of the Rockies, com- pilcd by P. W. Dodge Corporation, show this year's volume will approximate the low levels of the war years, when the shortages developed which led po;;';:'f ME - take in the long it may it period of low activity to lead wm- ages which will bring new health to this major industry is a question which building statisticians would like to an- swer. It is pointed out, however, that active buil to take up the slack presumably will await general economic o e F. W. indicate that the construction in the States unm:t the Rockies for 1932 will appr of the Rockies, aggregate $300,000,000, which wul‘g i ‘the excapion.of" 1915, Vo ey 'xception of wi volume of approximately that size. e Illinois Corn Crop Large. I, November 15 by the State and Federal rtment: of Agriculture at m,m.nofm bumel:nf: per cent above last year's crop and 18 Pper cent above the average. %| & Ohlo declared the regular to the W Marked Resistance Offsets Unfavorable Business Developments. BY GEORGE T. HUGHES. Special Dispatch to The Star. -ed WALL STREET, New York, Novem- ber 15—Firm in the morning, heavy in the early afterncon and steadying in the last hour, the stock market today left off with unimportant price changes, The real feature of the WAS the resistance shown to unfavorable news developments. The market had nothing to stimulate it and’ much fo depress it, but stocks were not in sup- ply except in one or two instances, ex- plainable by conditions peculiar to the | Issues _affected. P Leaders in Recovery. Just before the close of chm on its eo‘r:u:llol'l"stock, The late recovs ery was le American Continental Can, Union leclflflm United Aircraft. o Commodities went through much the same cycle as stocks. Wheat was higher in the early trading. but- lost the gains before the end. Coffee was strong and sugar was weak. Bank ngrt::a wereknrm. e market o] Irregular dragged along for am hour or 8o out important chmte. ‘The 1t may be called that, was upward, but fluctuations were narrow and small throughout the morning: y hesitant tone was accounted for partly: by the uncertainty as to what would happen to the appiications of America’s’ foreign creditors for a further postpone- ment of payments. - Another influence’ was tife large number of important divi« dend meetings impending. Easily the most important of these American Tele- LOW WAR LEVLS 52 | g i i Can, Atchison and Union Pacific. Earnings statements were not very 'net’lma'tor the 12 c.?in.h: '.m tem| f a net ber 30 of $680; profit of $222,616 in ous year. Columbia Gas & Electric showed net for the year ended 30 of $18,012,084, mfimw‘fi\fli‘_ SUGGESTIONS - .- UPON REQUEST | Ferris, Woodroof & Lewis, Ine. Investment 3ecurities . v U. 8. TREASURY BALANCE. By the Associated Press. Treasury receipts for November were $4,787,!1l.2g: exgmflfl;m, ‘15}3 lél‘:sfifls,(w‘;i flhf 0!1,2 d.uomu.uz.sv. toms duties for of N - ber were $10,966,063.18. 3 e BAR SILVER, NEW YORK, November 15 —] ver quiet, unchanged at 27. kG INVESTMENT TRUSTS NEW YORK, November ) — (Over-the-counter market): R (Quotations as of Noon.) Corporate Trust AA. Corporate Trust Accu Dividend Shrs Fund Tr Shr ot 2328 Tr C.. Super of Am_Tr T¥ieted AmUBE A SHORT-TERM SECURITIES. (Reported by Chas. D. Bawmey & Co) Allls-Chalm . = " American. Chain o 65 1933 49 er. Tel & Tel. 5% Am. Wat. Wks. & EL Baliimore & Ohlo 4 a ety & g &3 Bei¢ing He: g::m:lnem"é'fe'fi'él. %% Adian Nor. Rwy. 41 Al Nortnvest BB 5 Sommeretai Credtt 5! Delaware & Hudson . 16 Gen. Mot. Accep. Co. 6s 1937 103 Gen. Petroleum Corp. 55 1940 8!:.»‘ flPu.l_blu: .secnlee 5 939 2y run) Great. Notthern Ry- 75 1536 034 . Co. 635 1036 " 9t Elec. 53 1935 55 1940 tas 1935 The Insurance business which pro- tects one’s” v and fif‘:’:“'" < m-l;g" one’s capt vest- ‘We Recommend Deposited Insurance Shares Inquiry as to the merit of this in- & monthly vestment tright Sabing Dlan sromotly enswered SECOND TRUST NOTES .. We will buy monthly payment, deferred purchase money . trust notes, secured on occupied D. C. residences. UNION FINANCE CO. Nat. 7936 . 916 Woodward Bldg. Mortgage Money Funds Available for. - CONSTRUCTION LOANS : or LOANS ON IMPROVED PROPERTY Reasonable rates, Prompt action. B. F. SAUL CO. 925 15th St. Natl.'2100 S s rpi A Y Lot of CARE Every organized investment pre authorities say, should be founded' on good bonds. If you do not have’ much money you should keep enough in the bank for emergencies—then buy good bonds. B Today many attractive most bonds are selling to yield better than average return. We uww; York State Electric& Gas Corporation. 4}% First Mortgage Bo-*, c "l_i BT i A - »e - - ing to yield over 5% Y Write for Circuler 61 Broadway ¥ Please send me Cireular L 38