Evening Star Newspaper, November 16, 1932, Page 15

FINANCIAL. LB.APOSTENEN 67 TOBATIMORENAN C. Prevost Boyce Appointed to Executive Committee FINANCIAL, ON NEW YORK USBINDSGAN |[BONDS sk ikch sk Subztantial Recovery Credit- :; H ed to Hopes of Foreign ICURB LIST FRNS | "N._Y. CURB MARKET IN NOON TRABINE]A,,.m..m Stock and Sale— Dividend Rate. Add 00. High. Low. Close. Irving Air Ch(40c). L 6% 6% 6% Italian Superpw A. t . Lake Shore M t2%. 264 36% Long Is Light(40c). 12% 12% Louisiana L & Ex.. % 4 | Memphis Nat Gas.. Mid Sta Pet vte B.. Bale— Add 00. High. % . Low. Close. 421 42% Sales. 111 CCStL&N 4%s. 1) CCStL&N BsA . . 111 Steel db 4348 40 Int Rap Trrtbs Int Rap Tr 6s°32.. Int Rap Tr 78 "3 Int Cement 58 Int & Gt N 63 B 5 Int& G Nad 6 UNITED STATES. ir Inv Inc vte. . .. Alabam Pw pt (6). 30s Aluminum of Amer5508 Alum Co Am pf (3) 50s Am Beverage. .... 3 Am Cities P& L B. Am Comwith Pw B, Am Cyanamid B... 10124 102 10813 96 19 9729 97 26 R 101 o %%l Recovery After Lower 6% I - 9611 Debt Payments. Becial Digpateh to The Star. ZORi», No.ewber 16.—Re- in Unied S.ates Gov- as L1 ure of the bond mar.e. throughou. the entire day. Gains in s group weore from s to over 15 po.nt, making a respectable re- covery in them from the reaciion -that occurred at the end of last week. Zhe only explang.on given was the likeiihood that there would be no post- mzmem cf the foreign debt payment. prospects of this appeared to have frightened some weak holders of the bonds and to have caused some dealer selling. Strengthened by Loan. LLW appr: more o ear.ier strengih to the March maturity of 4z, after they had declined 2 points | on a report that the loan might be held | up -through some techn cality. It 1s significant that the longer issues of the rcad have not responded to the rise in the 4%s and were off again today, espe- clally the refunding 6s, which sold under 50. Early heaviness was exhibited by a number of the junior raflroad bonds, with a point decline in Alleghany Cor- poration 5s of 1850. On the other hand the better grade of railroed issues like Atchison General 4s, Norihern Pacific ! 4s and Union Peeifiz 45 edvanced from 1, to & p The high- grade securitics is Limiied only by the supply. Specialists in railroad equip- ment certificates state that the demand for short maturities is stronger than it has been in some time and that few offerings are coming into sight. The best grade public utilities are being steadily accumulated by institutions and insurance companies at prices that average close to the highest of the year. Bearish Attitude Holds. American & Foreign Power §s were weak in sympathy with the generally bearish™ attitude toward Electric Bond & Share securities. American Metal 5148 rose 2 points on small transactions. The demand for high-grade short-term issues was illustrated in General Motors Acceptance 6s, which sold again today at 103%, for the five-year maturity. Bonds of petroleum companfes have been gaining in of investors since statements of earnings have im- proved. Pan-American Petroleum 6s advanced a point. In the foreign list Italian govern- ment 7s advanced early nearly & {soln! and then lost the gain. Germen loans were easler, as were those of the French government. (Copyright, 1832 AUVILLE EAGER HEADS BALTIMORE_BOND CLUB Special Dispatch to The Btar. BALTIMORE, November lch—guvélole and meeting yesterday. othu-ofliu!-eleeud were: Vice presi- dent, Shirley C. Morgan of Frank B. Cahnr & Co.; treasurer, Henry S. Baker; secretary, C. Vernon Hogan; new mem- of the o gof 'gnf"w"gé DIVIDEND 1S DECLARED BY BALTIMORE UTILITY cent preferred, $1.50 on the series D| 6 per cent preferred and $1.37); on the series E 5% per cent pr:(erred‘ stocks, payable January 3, 1933, to holders of record December 15. ——————— Washington Stock Exchange SALES. - Potomac Electrie 6% pfd.—2 at 110. i AFTER CALL. Washington Gas 65 A-—$300 at 90%, | $200 at 99%, $1,000 at 100. ‘Washington Railway & Electric 45— $1,000 at 88%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tel. 418 '30... m. Tel. & Tel ctl. tr. Bs... Anacostia & Pot. R, R. 58 Ans. & Pot. Guar. Bs... C. & P. Tel. of Vi Capital Tract City & 1 igs Traction R. 5 Suburban 5. Georgetown Gas 1st 55 0 Potomac Elec. Cons. 5¢ 02 Potomac Elec. Gs 19 o ashington Qus 413s. 015 Washington Gas 55 1019 | Wash. Gas os. series Al 100 Wash. Grs 68, series B 5 . Rwy. & Elec. 45 MISCELLANEOUS. Barber & Ross, Inc., G¥s... .. Chevy Chase Club Blas 1 Columbia Country Glub Bizs. 100 B St Mg on 15 . Mkt. Cold Storage 5s. o1 STOCKS. PUBLIC UTILITY. Eiec. Pow id.. Sussh. Rwy. & Eiec.com. (1) . Whash. Rwy. & Elec. ptd. (3) B The following figures are not bids but| merely represent minimum prices fxed by | the Washingion Stock Excaanse. NATIONAL BANK. . Capital (8) - Columbta (12) Commercial (stamped) (i District (6) . Natl’ BK. & Tr SAVINGS BANK. Bank gt Beunesdn (05) m. vings (10) East Washington (12)00 ac (1) 0 5 v. & Ci Bk. (10¥). Bt Blrecl i) FIRE INSURANCE. iremen’'s (). . ational Union (15) 35 TITLE INSURANCE. Columbia (6h) | De) & Hud 5%s 37 | Fram Ind 7% Abitib) P&P 68 53 Adams Exp 45 "48. Allexhany Cp 544 Alleghany §s "49. Alleghany 68 '50. .. Allis-Chalm 6887, Am F P 552030.... Am 1GCh5}4e'49. Am Metal 51834 Am Sm&Ref & Am Sug Ref Am T&T 6% Am Wat Wks b8 Am Wat Wks 6876 Am Wr Pap 68°47. Argentine 5s45. .. Arzentine 5%s '62. Argentine 6369 Ju Argentine 6s 59 Oc Argentine 6s A '57. Argentine 6s B '58. Arm & Co 4% Arm Del 6%s'43. . Atchison gn AtICL 1st 4s'52.. AtICLcl 4362, At] Gulf& W1 58'69. o oBeDrananman @ Zrean~g ~ Australia 4155 Anstralia fs ‘65 Anatralia 5 °R7.. Avstrian 7 67.... 2 524~ 8. B&Oref 58°95. Belgium 78 '86. ... Bell Tel Pa 68 B'48. Bell Tell Pa 58 C'60 Benef Loan 65°46... Berlin Cy El 6s '55. Berlin C E] 6%#'51 Berlin C E] 634859, Bolivia 7858 Bordeaux 65 '34. Bos & Me 58 '55. Bos & Me 53°67.... Brazil 638 '26-'57. Rrazfl 6158 7 Brasil 7s C R ‘52 Brazil 8541 . Bremen 7s '35. Bklyn Elev 6%s. .. Bklvn Man 68 A 68 Bklyn UnGas5s*45. Bklyn Un Gas 6x'50 Bklyn U Gas 68 67 Budapest 6s *62 Buenos A R 6’6 Buff Gen El 4% 881 Rush Ter con 655 Bush T Bldg 58°60. Calif Packing 58’40 Canada ¢s"80. ... Canada 4%s'36. .. Canada 6s ‘52 Can Nat Ry 4%2'66 Can Nat 4348 '68. . Can Nat Ry 4% s 5§ Can Nat s "69 Oct. wa Chw PR CR NP RO =SB A T Do 0~ = o a-Banavone - e Bamoe C&Ogen %892, C&O4%sB'95. . CB&Q I dv 3% #'49 Chi & Kt TI 68°61. Chi Grt West 4859 CM & StP gn 4s'89. Chi M&StP 4% E. CM&St P4%s'89. C M StP&P 62’75 CM & St Padj 5= ChiANW 418 2027 ChI&NW 4%sC 37 Chi & NW 4% 849 CR&NW rf 5s 2037 Chi RI&P gn 4 Chi RI&P rf 48 °34. CMRI&P4is'52 ChiR7T4%s'60. .. CTHA&SE 1st 55 '60 Chi Tn Sta 5= B'63. Chi Un Sta 6%s'63. C& W Tnd 5%e"62. Childs deb 6 “hile 6380 Chile 68 61 Chile 2 '61 ) o oaaZa ;e 8B Ramp—nnns~S<3 Chils Mt= Bk 6 Chl Mte Bk 6% Cin TIn Trm 5« 2020 COCRS! L 4% s "T1 CCC & St L 5= 1763 Clev Term 68 B'T8. Clev Ter 5%sA "72. Colomb 6s°61 Jan. Colomh 6s *61 Oct Colo & Sou 4% 8 '35 Col G&E Fr 52 May Col Gn AT ke *61 PENTPPS R ) T N L L LR T Con G NY 5%s°45. Con Pwr Jap 6%=. Con Pow Japan 7s Consum Pow 5s '52 Cuba fitks 4K Cuba RRrf 7%5'36 Cuba Nor 5% s"42. Del&Fnd ref 4s 43 Denmark 4%s '62. Denmark 58 ‘56 Denmark fs 42 D& R Gren 4= '3 D& RGr4%s'36 Dodge Bros Duguesne 4 Duteh Fast Dutch | Frie con 4 Firie men 4x 06, . Frieref fs &7 Erfe ref s 75 deb 7246, ... and 7s ‘50 Fla E Coast 5s°74. 42. French Gov 78 '49. French Gv 7%s 41 Gelsenk'hen 6834 Gen Baking 5%5'40 Gen Motors 6s ‘37 Gen P Sv 5%8°39.. Gen St Cas 51 8'49. Ger Cen Rk fs Ger Cen Nk fx 60 O er Cen Rk 7= '50 Ger Gen Elec 6= '48 MISCELLANEQUS. Real | Medical Bids, Corp. ( 3t "Natl Bec. fla;," it e, Bro x Estate (6h). ! -omo-Se! Y 1% % 3, 20 29 108" Ger Gov 5%3 65 German Rep 78 GoodHopeS&] 7s" Goodrich 8845 Goodrich 6%s'41.. Goodyr Rub 5’57, Grand Trunk 6s°3¢ Grand Trunk 7" Grt Nor 4%s D'76. Grt Nor 4% E°T7. Grt Nor5sC'18. .. Grt Nor 5%s B'52 Grt Norgn 7s'38. 13 Hud & M adj Hud & M rf s 61.. M Cont 6383 § 9% L) Int Hydro El 6s'44. Int Pap ref 5s A'47. Int Pap 65 '55 Int Ry C A 5s°7: Int Tel&T 4% INtT&T 4%s Int T&T 6s Italy 78 '51 Italy Pub Japanese 5348 Japanese 648 ‘54 Kan C P&L ¢%s Kreug & Toll 5s' Lack Stl 6s A “50. . Lake Shore 3%48'97 Laclede Gas b8 '34. Lig & Myers 5s '51. Lig & Myers 7s "44. Loew's 63°41...... Lorillard 6s '51.. Lor#llard 7s '44. | T.ou G & K168 A'53. L&Nunid4s'40... Lyons 6s'34 McKes & R 6% w50 Manhat Ry Marseille 6s » MSP&SSM 515 ME&T5sA Mo Pac gn 43’76 Mo Pac rf fis A '65. Mo Pac 58 F *77 @ N 53 aavalifonEaZconaloanne vaanuiRunad noRaae -~ Mo Pac 5% 8 A *49. Mont Pow 58°43. .. Mont Pwr 5s A "62. Montevideo 7s '52. . Mor&Co 1st 4% #'39 Nat Dairy 534 s'¢8. . Nat Steel 58°66.... N Eng T 1st 53 °53. N J Power 463 '60. NOT&MG5sB 54, or Nw S Wales N Y Cent db NYCrf41s2013n N Y Cent 4s 4 NYC&SLL 4% NYCrf6s2013 NYC&StL5%sA'T4 NYC&StL 1st 6= '32 N Y Edison bs B'44 N Y Edison 55 C 51 NYRArt6%s'41. NY EL H&P 45 "4 NY EL H&P 53’48 NY NH&H clt 65'40 NY NH&H 6s'48. . NY Rys 6s A "65. .. N Y Tel gn 434839 NY W&E (%s Nia Sh Md 5%s 50, Nord 63%s '50. .. Nor & Wn cn 4396 Norf&Wn div 4s'44 North Am Co 53 61 Nor Am Ed 5s C'69. Nor Am E5%s'63. N Ger Lloyd 6 NorOT&L 6 . Nor Pac gn 3s 2047 Nor Pac 4397 Nor Pac Nor St Pw s A "4 Nor St Pw 6= B '¢. Norway 5s '8 © aSeolaane [SYOreS -] Orlent Dev 5% 58 Orient Dev 88 '53. . Pac G&E 6s '43 Pac T&T rf 58 Pan Am Pet Paramount .o Param-Pub 5%s 60 Penn 4%s D81 Penn 6% 36 . Pean P&L 4%s ‘31, Peru 6s°60. Phila Co b8 Phila Elec ¢s°71... Phila & Read 6549 Philippine R 43°37. Phillip Pet 633 39 Pillsb F M 63 °43. Pirelli 7s'52. Poland 6s°49. Poland 7s*47. Poland 8s *60. Port Gn El 4%s°60 Por RAm T 6s'42. Pos Tel & C 5363, Prussia 6s '52 . Prussia 6%s'51... Public Serv 4 E Pub Sv G 43%s'70. . Pure Of] 5%8°37.. Pure Ol1 5%s'40... Queensland 47.. Rem R 5% sA’4Tww Rhinelbe U 7s°46.. Riine Ruhr 68 '53. Rhine West 53, Rhine W 68 '66.... Rich Ofl Cal 63 "44. Rio de Jan 6%s °53. RioDeJan ext 8546 R Gr Do Sul 65 '68. R Gr Do Sul 85°45. Rio Gr W 1st 48 '39 RIAr&L4% Rome 6%8'52 Royal Dutch Rumania 75 StL IM R&G 45'33. St L&SF 48 A “50. StL&SF4%s7 St L SW 1st 4 5 St P Un Dep 58°72. San A& AP4s’43. Sao Pau 7 '40. Saxon P W 6% 51, Saxon T8 '45. Seab A L 6s A '45 Serbs-Cr-S1 7s'62. Serbs-Cr-S] 8s'63. Shell U Ofl 5s°47.. Shell U O b8 4Sww. Shinyetsu 6%s '52. Sine Ofl 6%s B Sine O 78 A '37. 38 Sl ranouronuabio cumrnamn~hoaDwn = ors Sou Bell T&T s '41 | Sou Pac col 4549, Sou Pac rf 48 ‘55. Sou Pac 43%368... Sou P 4%s 69 ww. Sou Pac 4%8'81... Sou P&Or 4348 A'T7 Sou Ry M&O ¢s'38 Sou Ry 68’94 Sou Ry gn Sou Ry 6 St Ofl N J 6 StOfI N Y 4%8°61. Sweden 6%8 ‘54 Swiss o3 " Tatwan E P §%e'T1 | 44 Tenn EL P 68 A 47 Tex Corp cv 5844, Tex & Pac 55 B'77. Tex & P68 C'79 Tisird Av rf 4s'60. ‘Tob P NJ 6%s 2033 Tokio El Lit 6853, Un EIPSL ref l"’" BosSeawarncaa 9 BoruwnolBi%a8n Ranileluo walBann - L1 431 434 16% 2 104% 967% 96% 104 43% Opening. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, November 16.—After opening lower the Curb Exchange firmed today around midday, but trad- ing remained light. Electric Bond & Share at one time was off 2 points, but later recovered partially. Cities Service was off & shade, while Standard Oil of Indiana was unchanged. In sharp contrast to cther active utilities was the spurt of Niagara-Hudson Power. News was-mixed. Steel operations declined. Electric power output showed the seme rate cf rececsion as a week ago. Retail trade reports were spotty. Overseas markets were hesitant. Dividend Action Awaited. While the Street awaited the out- come of the Electric Bond & Share dividend meeting after the close of the market today, the common shares were offered freely during the first two hours. At that time the stock was quoted at less than one-half its peak price of less than two months ago. Meanwhile, the financial district was inclined to believe that a revision or omission of the Electric Power & Light preferred payments coyld be looked for when directors meet November 23. United Gas preferred, the halving of | whose dividend payment started the questioning of the safety of Electric Bond & Share common disbursements, {moved slightly lower. Niagara-Hudson Power common advanced in the fore- noon as the Street heard that directors on November 21 would declare the regular dividend. New England Power & Light preferred also moved ahead. Textile Shares Irregular. Textile shares moved frregularly. ‘Tubize Chatillon A moved up more than 2 points as Celanese Corporation of America preferred lost that amount. Celanese first preferred shares opened higher. Standard Ofl of Ohio common and preferred were both a shade higher in early trading in contrast to the easiness of other petroleum issues as a result of increased crude production during the last week. Copper shares hardened, but zinc and gold shares were virtually | unchanged. Federated metal was up a point. Great Atlantic & Pacific Tea on its first: few trades cancelled half the gain of the preceding session, but food shares generally lagged. (Copyright, 1932.) RESERVE MEP.IBER LOANS CONTINUE ON DECLINE By the Associated Press. Loans on securities of reporting mem- ber banks continued to show a declining tendency during the week ended No- vembet 9 as the change was reported to the Pederal Reserve Board. In the table that follows the loans are given for comparable periods, as reported by the board: Week ended November 9..$4,295,000,000 Previous week .$4,311,000,000 Same week last year 85,848,000, BONDS ON THE CURB MAREKET. Sales DOMESTIC BONDS. in thousands. High. 6 Alabam Pw 4% '67 77 3 Aluminm Ltd 55 '48 6s 2016 firets iy 54 1 Appalch Gs 6s B ' 6 2 Appalch Pow Bs (56 89% 2 Asso El Ind 4las 47" 1Asso G&E 4las 40 2Ass0 G & E 55 y 981 o 8Ya 814 3 1001 100% 1 943, 9ad 004 243y 7 Cities Service 5s | ties Service Bs '60 v 1114 1% 000 | Payment Am EI Sc pt pf new. Am & For Pw war. Am Founders...... AmGas & El (31).. Am Lt & Tr (2%).. Am Maracaibo. . Am Superpower. Am Super 18t pf 6. . Amster Trad(p74c) Arkansas NtGs A. Ark Nat Gas pf.... AsSOG&EADS%. Atlas Utilities. ..., Atlas Util war..... Auto Voting Mach. Blue Ridge. . Brasilian T, . Bulova Watch v p! Butler Br Bwana McK: ad Cable & Wire B rcts Canadian Marcont. Carrier Corp. ... Celanese pf (3%).. 2508 Celanese st pf.... 2258 Cen Pub Serv Del..” 2 Cent PubSveA.... 1 Cent States Elec... 5§ Cent Sts E pf 6 ww. 10s Cities Service..... 137 Cities Service (B).. 2 Claude Neon Ine... 1 Col G & E cv pf (5). 1508 Comwlth & Sou war Cons Gas Util A.. Cont Chicago. Copper Range. Cord Corp. Creole Petroleum. . Cresson Cons(kle) Crown Cork Int] A Cusl Mexicana Min Darby Petroleum. . Deere&Co....,... De Forest Radlo. .. Duke Pow (5)..... Duval Tex Sulphur. N1 Bd & Share b6 % BRI Bd & Share pf 6. Xl B4 & Share pf 5. Klec P & L op war. Bmpire G&F 7%.. 50s 164 Federated Metals.. 17 17% Frst Nat St 1st pf 7 50s 109 Florida P & L p£(7) 2bs 34 Ford MLtd........ 1 8% General Aviation. . Gen G&Ecv pfB = » Y = o ot e B0 S Gold Seal El k. Great A & P n-v(17) 208 155 Gt A & P Tea pt (7) 10s 119 Groc Strs Prd vte.. 4 % GuifOflof Pa..... 4 31% HappinessCanay.. 2 Hollinger Gold t76¢ 6 4% Hudson Bay Min.. 13 3% Humble Oil (2).... 1 45% ImpOflCan-260c. 2 7% Int Petrol (1)..... 1 10% IntUtil B. .. S iTTIn 1 St Regis Paper. % | in stock. Mid] West Utllities Mining Corp of Can Nat Bellas Hess. ... Nat Fuel Gas (1).. Nat Investors. Nat Union Radio New Eng Pw f (6) New Jersey Zine 3. New Mex & A Lnd. N Y Tel pt (6%) Niag Hud Pwr 1. Niag Sh Md B b3 %. D kL 15% ¢ 1% 2% Eaon A Ploneer Gold (12¢) Pitney Bowes b40% Pitts Plate Gls (1). Premier Gold (1Z¢) Producers Royalty Prudential Inv.... Pub Uti] Hid war., Pub Ut Hldx w.. - Taw 3% 4% b3 PSS % | Pug S P&Lpf k6% Pure Ofl pt (6).... Rainbow Lum A Reliance Int A’ Roan Antelope. ... Roch G&EpIDS, Segal Lock & Hrd. Sel Ind all cfs(5%) . Select Ind pr(5%)n Shattuck Den Min. Shenandoah Cp new Shenandoah pf. ... SouCalEdptB 1% Stand O1l Ind (1). . Stand Ol Ky 1.20. . Stand Oil, Ohlo 1% . Stand O1l Ohio nf & Starrett Corp pf... Stutz Motor Car.,. Switt & Co. ... Swiss Amer Bl pt. . ‘Tech Hughes (60c) Thermoid cm pf. .. ‘Tob Prod Exp(10c) Trans Air Trans. ., Trans Lux DL P §, Tubize Chatillon A. Uzited Founds United Gas. United Gas w: United Gas pf (7).. Unit Lt&Pwr (A).. Unit Lt & Pwr pf.. U S Finishing. U S & Intl 1st p U S Rubber Recl. Ul P& Lt... Utllity Equities. ., Vick Finane (30¢c). Walgreen Co. Watson (J W), Dividend rates In dollars based . ;xaflfily Oor semi-annual Dlymenl.n .Pdehd. tPartly extra. $Plus 4% in stock. lot‘.x"b" o cash or stock. bPayable in f © Adjustment dividend. f Plus 5% 3 2 last year—no regular rate. PLANS COMPLETED HUGE U. S. TRADE HURT BY CANADIAN TARIFFS By the Associated Press. American exports which aggregated $66,632,747 in 1931 were listed e‘fl:fl.y BY CITIES SERVICE of $35,000,000 Toledo Light & Power Notes Due Dec. 1. By the Associated Press. NEW YORK, November 16.—The Cit- les Service Co. yesterday announced ar- rangements had been completed for the payment at maturity of $35,000,000 5 ser cent secured gold hotes of the Toledo The company stated that the only new financing so far announced in con- nection with the maturing notes was a new issue by the Toledo Edison Co. of $27,000,000 first mortgage gold bonds, 5 per cent series, due 1962, which was publicly offered today through a bank- ing group headed by the Chase Harris Forbes Corporation and was quickly oversubscribed at 951 and interest to yield 5.30 per cent. With the exception of the issue due December 1, the Cities Service organi- zation explained that there are no other funded debt maturities prior to 1937 ag- gregating more than $2,000,000 in any year. The proceeds from the sale of the new Toledo Edison bonds, it was said, will be used principally in the retire- ment of all presently outstanding bonds secured by m on the property ortgages % |of that company. It was added, how- ever, that refunding was for the primary purpose of making the new bonds legal for investment savings banks and trust funds in New York, Massachu- setts, Connecticut and certain other States. Details were not announced as to plans for providing the adidtional funds for the approaching maturity above the amount available for that purpose out of the new issue of Toledo Edison bonds. It was stated, however, that arrange- ments made as a resuit of all agree- ments in connection with this financing 14 |are such that the total current Habili- ties of the Cities Service Co. and all its subsidiaries will be increased by less than $2,000,000 due in 1933. 1 Buen Al Pr Tl E Co 6s B '51 1 Chile Mty Bk 8s '3i 1Danish Con stax |58 xw—_Without warrani n—New. wi—When issued. —_——— 31, | yesterday PHILADELPHIA RUBBER PLANT IS PURCHASED AKRON, Ohio, November 18 (#).— Master Tire & Rubber Corporation to- day announced acquisition of plant and assets of the Quaker City Rubber Co. of Philadelphia. The Master combina- tion already includes Fal's Tire & Rub- ber at Cuyahoga Falls and Giant and Cooper companies at Findly, Ohio. i Gold Stocks Increased. NEW YORK, November 16 (#).— America’s gold stocks gained $2.054,800 through release of that amount from foreign earmark. There % ‘were no exports or imports, Market Averages By the Associated Press. bright yellow powder which she called “Durham mustard.” Low. Close. 101% 101% 6 63 Wet 274 18t West Md 5%s’77 West Pac 53 A'46.. West Union b8 West Unlon 63 3¢ Light & Power Co., due December 1,|England 4 | next. by the Chamber of Commerce of the United' States as being affected by the new Canadian preference tariffs granted to United Kingdom products. The organization sald British sales to Chinada of ‘the sams commodities totaled $42,046,138 in the same year, with $19,- 098,697 of the total made up by bever- ages and $10,558,154 by textile products. American textile exports to Canada were put at $8,121,486, while metals and metal manufactures accounted for $17,058,020, the largest single item in the affected United States shipments. American exports of vehicles to Can- ada were valued at $8,377,251, against $455,385 from the United Kingdom; machinery, $8,562,431 to $1,253,110 from ; books and paper, $3,024,757 by the United States to $1,052,296, and hides and leather, $2,617,307 to $204,- 995 from the United Kingdom. NEW INSURANCE TOTAL> FOR OCTOBER DECLINES NEW YORK, November 16 (#).—The Association of Life Insurance Presi- | dents announced yesterday that new in- surance written in October was 18 per cent less than written in October, 1931. Last month's total new business for 44 companies represented was $670,- 420,000, against $817,858,000 a year ago. Total new insurance durilg the first 10 months of this year aggregated $7,- 691,263,000, a decrease of 15.7 per cent from the $9,121,199,000 total for the same period of 1931. S Washington Produce Butter—One-pouna print (93 score), 25; tub, 24; one-pound prints (92 , 24; tub, 23; one-pound prints ! (90 scere), 23; tub, 22. [Eggs—Hennery, whites, 35a36; current receipts, 30; storage, 24; Government ded, extras, 45; standards, 41; me- : young hens, young toms, 15a17; No. 2, 1 ckens—Plymouth Rocks, 4 pounds under 4 pounds, 12a13; Leghorns, 10a11; mixed colored chickens and Leghorns, 9a12; hens, 4 pcunds and over, 14a15; capons, 7 pounds and over, 22a25; small capons and roasting chickens, 17a20; keats, old, 20a25; young, 25a35; roosters, 8. Poultry, dressed — Turkeys, young hens, 23a25; young toms, 21a24; rlixed | hens and toms, 21a23; old toms, 17a19; | old hens, 18a19; chickens, Rocks, 4 pounds and over, 1' der 4 pounds, 15a17; Leghorns, 13: mixed colored chickens, 16; hens, 44 pounds and over, 17a18; 4 pounds and under, 15a16; mixed small hens and Leghorns, 12a13; roasting chickens, 17a19; roost- ers, 11a12. Meats—Beef, 12; lamb, 13; veal, 11; pork loins, 13; fresh hams, 10; smoked hams, 13; strip bacon, 13; lard, Tl3; compound, 7. Live stock—Hogs, light, 3.75; me- heavy, 3.00a3.50; pigs, Harry F. Swope of Alexander Brown & %Som Plymouth o 1 of Southeast Group. Special Dispatch to The Star. BALTIMORE, November 16.—C. Pre- vost Boyce of Stein Bros. & Boyce has been elected a member of the Execu- tive Committee of the Southeastern group, Investment Bankers’ Association, succeeding Frank B. Adams of J. Har- manus Fisher & Sons. Baltimore mem- bers of other committees for the com- ing year have been announced by Gen- eral Chairman Willam G. Dancy of the Union Trust Co., as follows: Legislation—James H. Brady, jr., of Strother, Brogden & Co., chairman. Business Conduct—Claude W. Wil- hide of Baker, Watts & Co., chairman; Auville Eager of Mackubin, Goodrich & Co. and J. Sawyer Wilson of G. M. P. U 55 - of C. T. meflflm Co., chvxltrl~ man; A. Colston of Colston, Trall & dendorf; Sifford Pearre of the Equitable Trust Co, Gresham H. Poe of Jenkins, Whedbee & Poe. and Municipal _Securities — Charles W. Membership—Charles H. Baetjer of G. M. P. Murphy & Co., chairman; J. H. Lee Fisher of the Bankers' Trust Co. of New York. Entertainment—Benjamin D. Wil- liams, jr, of Field, Glore & Co., chair- man; John S. Hardin of Chase-Harris- Forbes Corporation, Gustav Klein of Alexander Brown & Sons, John B. Ramsay of Robert Garrett & Sons and Joseph W. Sener of Mackubin, Good- rich & Co. —_— Sales of low-priced automobiles in Japan are increasing. Organized 1879 JOHN JOY EDISON, President $9.50 PER SHARE today. money. of friends. nion OF COLUMBIA SOUTHWEST CORNER FIFTEENTH AND N STREETS NORTHWEST Over a Third of a Century true of our dium, 3.75a4.00; 3.00a 3.75; roughs, 2.00a3.00; calves, 6.00; lambs, 3.00a5.50. o-m—mul:‘l.n per dozen, 2.40a3.00. 1.25a1.75; q, £8 PBOROO VD1 [y ESSE e g & gx SEs odisisisieno D Yesterday ... Previous day. Week ... Sazpatenssa REE2S sz2d £ s SESAEREE Soag DRI 900 D D 2 e BAS2E o Eraaes) onrace. ot o4 30 " e th ca D 11 19 20151031 88 ks OO B1OT — nin] b ?Eg 2 Dbk o2 T o w0] 8 ..,- 3328 %% x00, s Rttt o azzzeax ame ankaTis: 55235 LS i S o R £ 4 e (33 2 S ; alligat pears, bananas, 1.0082.50; pineapples, 3.50a4.25; oranges, California, 3.0024.00; Florida, bushel, 2.00; graj 2.5023.00; lemons, 1:2;&0:& 2.00; per- simmons, ;. limes, per 100, 2.00; cranberries, 2.25a2.50. ches, 5.00; carrots, per lettuce, Iceberg, 3.75; New asparagus. 2.50a4.00; dozen bunches, 75; cabbage, 60a75; m 40a50; spinach, 65a75; fornia, 30- unxd-” squash, 1.2581.50, servants in England ithout o Loss Which offer to an ‘ Investor. SR will Bnance itseif.. Box 13-E. LIFE INSURANCE SALESMEN Are Not Born they are trained and made by w without Address Box 40-R, Star Office. lmmlflnlhlo-.- First Deed of Trust 6% Interest Reasonable Commission and Prompt to JAMES F. SHEA 643 Indiana Ave. N.W. 7th and Indiana Ave. N.W. ‘LOANS it g g SRl 2 69th Series of Stock Now ‘Open for Subseription James E. Connelly, James F. Shea. President Secretary 53rd YEAR COMPLETED Equitable Co-Operative Bldg. Ass'n WALTER S. PRATT, Jr,, Secretary of Stock Being Received SYSTEMATIC SAVING Always remember it is not what you earn, BUT WHAT YOU COUNTS. The Equitable is helping hun- dreds to become financially recognized thru their Systematic saving plan. saver thru this plan? SAVE THAT Are you @ If mot—then join ~ 915F St. NW. 3 Recipients of Life - Insurance funds will tell you of the many urgent suggestions made for the use of the Not all the advice offered at such a time comes from unscrupulous promoters and others who seek to fur- ther their own interests. the well-meant but misguided counsel Much of it is LIFE INSURANCE FUNDS made pay- able to “UNION TRUST” under a Trust Agreement are beyond the reach of in- experienced or grasping counselors. r ompany OF THE DISTRICT A CAREFUL STUDY OF INVESTMENTS points to First Mortgages as highly sound and desirable. This is certainly 69, FIRST MORTGAGES this definitely fixed in- terest—and with conservatively ap- praised improved Washington real estate as the security. S S May be purchased in amounts from from $250 up—and upon a Partial Payment Plan, arranged for your convenience if you wish to take ad- vantage of it. B. F. SAUL CO. National 2100 THERE 925 15th St. N.W. IS NO SUBSTITUTE FOR SAFETY