Evening Star Newspaper, November 23, 1932, Page 10

FINANCIAL. 1STOCKS SELL OFF INQUIET TRADING Traders Show Disappoint- ment Over Conference at White House. - CHRISTIAS CLUBS OTE—Today" TE— are ol in, this edition. NOTE—Today's individual sales are not given in this edition. NOTE—Today's individusl sales are not given in this edition. PI_ANN[D FUR ]% I e iy g By e e s of e e T o s Eateraay's Baver. Sales S ioh Wion in Ihle ‘ediiion are from sesterday's Daver. Sales ‘of ach siock In this edition are from yesierday's paver. ‘ ~Prev, 1833~ -~ Stockand Gales— et 19 ‘stock and es— Net. | —Prev. 1082 Stockand Sales— Net. L18: Stockend Sal T Net Tish. Low Dividend Rate. Add 00. High. Low.Close. Ch . Lcw. Dividend Rate. Add 00. High. Divicend Rate. Add 00. High. Low. Close. Chi . Low. Dividend Rate. Au . Close. Chse. 95 1% Adams Express..... 5 6 % Gen Am Investors... 5 4 50 - PureOll pf (8)... 64 4 Ulen & €O ..o ones 1 1% + % 14 9% Addressograph. Gen Am Tank Car(1) 16% 4% Purity Bakeries (1) 81 15% Un Carbide & C(1.20) 2% -2 1 2.3 215 Radio Corp. ... 64 DECHGUCHLE T -y i , 3 “ al Banks to Co-operate in| 16w 4 amiliated Prod1.60 Gen Asphalt. . .. 3 i n Lo P 831 30% Air Reduction (3)... Gen Baking (2). 12% D e i Unlon Pacife (6 rem S i i i 16% 7% Alaska Juneau (50c). Gen Cable. . 3 " O e ety ot i X =23 Th”'t Campalgn Agaln 3% Alleghany Corp. . Gen Cable (A). - ‘.: Raybestos-Man (60¢) :.nlltclr;rl(l L (3). $ ;.? _1‘. 8 Alleg Cp pf $40 w nit Carbon. ... 2 Next Year. 8 n Cable pf. Reading Rwy (1).. thacsd= Alleg Co pf 530 xw. . Gen Cigar (4). 5 Reading Ry 24 pf(2). S * - s lectric (40c)... 14 Real Silk Hoslery Uit B e (8). o Pyl lec spec (60¢).. Remington-Rand 4 ¥ bt A Y 225 “1 S B ngie ook ek B s&Im (1.20). g 18% — % BY GEORGE T. HUGHES. + Republic Steel. 2 Unit Pice D W pf 5 85 -5 |Special Dispatch to The Star. ',:f‘:‘l‘;ni 'm‘;fl- U S & Forn Secur.... 13 4% — %| NEW YORK, November 23.—Wash- B e e U S & Forn Sec pf ... 50 ington dispatches reiterating the un- Revriclis Matain 7S Gypsum (1.60).. 2 20 —1% | compromising attitude of congressional e 7 S Gypsum pf (7). ~ % |leaders on payment of the war debts Gen Refractori & 91, 1'; Rossia Ins of Amer.. 4% - Ay -~ 2o —a5 | DrGieht selling into both commodities Siilotts S Indus Alcol 24% — es toda; wesk- paseins Fov 0 Sateway Stores (1) 8 Leather.. s |ness g s S d 9 afeway Strs pt (7 'S Pipe & Fdry 4| Stocks declined slowly all b/ Glidden Co pr pf (7). t Joseph Lead 2 N s 3 US Pipe 15t (1.20). 1 14 | though. there was a it ,.,.,,‘é‘{;,.,fi. Gobel (Adolf). { LI 78 Realty & Imp : 514 — % |ing at the end which left them a trifie Go1d Dust (1.60) St L-San 1 3 % Rubber.... 3 above the worst. Losses ran from 1 g 7% Schulte Retail Stores S Rubber 1st pf... to 3 and 4 points, with no group ex- R schulte Ret Stor pf U S Smtg & Ref (1) empt from ‘the liquidation. Velome Seaboard Air Line. i 3 3 7S Steel. . & was well over 1,000,000 shares, but the Seaboard Oil Del 40c. 9 3 S Steel pf (7). trading pace was Slow. Sears Roebuck. . . Tobacco (4.40).. ? Second Nat Inv pf. 3 E 31 Univ Leaf Tob (2). wlxgme.: c:l::t 'g?‘!c;gon:;melciom ‘fi Servel Inc 3 2 2 2 10% 1% Util Pwr & Lt (A).. time. Cotton dipped below the 6.cent Sharp & Dol S “23% 5% Vanadium Corp..... level. Cocoa equaled its all-time low. . 20 Va-Car Chem 7% Sugar was relatively steady, but coffee 4 Vulcan Detinning. .. 16% —1% | was the only market to move against the trend and that was up only & @ 88% Alifed Chem & D (6). 15% Allis-Chalmers Mfg. 22% Am Bank Note. BY EDWARD C. STONE. 17% 6% Am Brake Sh&F (60 With plans completed for the dis- 21’:« Am Can (4).... 34 Am Car & Foundry . . tribution of approximately $8,500,000 16:1 Am Car&Foundry pt. in Christmas Saving Club funds to Am Chicle (13)...... about 100,000 residents of Washington, Am Comc'l Alcohol. . the member banks composing the Dis- :3 sf{fi{;’;fi!;fl‘"f;\; oo trict of Columbia Bankers' Association, A Ll HEAS are already making arrangements for AmH ,.&y,.,(’m.rr, the opening of next year's clubs. Am "n:‘v&‘l.::ll;'!xu, They will be opened about December R v 1, and memberships and subscriptions > Am International taken until Jenuary 5. On that date Am La Fr & Fom pf plecges for the new year will be clesed. :x: ;Tj:g;":z;‘;;‘” Last year the Christmas clubs did not 4 Am MacL&Fdy (80c) . close until January 15, but it has been Am Metal Co. . decided to make a_ shorter and more Am News (112) . intense campaign this year. Am Fower & Light. Conducting of the co-operative cam- Am Pwr & Lt pf (6). paign will again be in the hands of the Am Radjator. association’s Advertising ~Committee. Am Radiator pf (7 The efforts of this committee have met Am Rolling Mills. ... with such brilliant success in the past Am safety Razor (3) ‘that both the number of members and Am Ship & Com. . ‘the amounts subscribed have increased Am Smelt & Ref steadily every year during the past nine Am Smeit & Ref pf . . Jears, or since Christmas clubs were inaugurated in Washington. As in past year, the co-operative 3 campaign will be brought clcse to the 5 gar public through extensive newspaper ad- AntTel & Tel (9). vertising. It will be educational in its Am Tobacco (16). nature, the value of the clubs as a Am Tobacco B (16 thrift measure, as well as furnishing Am Type Fd greatly needy Christmas funds, being especially stressed. The members of the Advertising Committee hope and expect to make another new record in both memberships and subscriptions. The funds laid aside by Christmas club members during the past year will soon be back in their own hands to use Armour of 11l (B) in any way they see fit. The boost g Associated Apparel. these funds will give holiday trade will 3 Asso i 'goo(ls be far reaching. Asso Dry G 1st pf 4 Associated Oil Potomac Power Work Progresses. 0 o s . @ E 3 PG TOTOUDTININ YN -4 -PIUe) JOTOTPIUS SR -TOTOTONG ) JUPTIUPTS. [ VYPT o) FUIpss Faesys 4 Great Northern p{ Great Northern Ore. . . Shell Union Oil Shell Union Oil pf. Simmons Co. .. “s Wabash R R 2 irifle. Simms Petroleum. 6 Wabash pf (A). 2 2 2% - % 3 Skelly Oil. . 58 Waldorf Svstem (1). Hacken W ] A 3, 3% Sloss Sheflie %% Walworth Co....... Hahn Dept Stores pf. | = 9 6 Sloss-Sheff Steel pf.. Ward Baking (B) fall W F) Printing.. . Sulder Patkine. .- Warn Bros Pictures. Harbison & Walker. . Socony Vacuum 40c. . Warner Bros Pic pf. . 3 s So Porto Ric S(a40c) 5 5 Warren Eros. . 2108 : 2 Warren Broscv nf. 3 2 2 Webater isenlohr. . o In warld: prices - Webater Jisarins uft Stocks had anotber sinking spell & Wesson O&Sn pf (4) . L | few moments before the end. Pa Elec pf (6) . The opening was liregularly lower PaELDL(T)... and the decline was extended in the subsequent trading. Most of the.offer- . ings came from professionals, but they Western Union. 'were absorbed only at cubstantial con- Westing'se Alr B(1) . ” 4| cessions. The Street seemed to have expected something more definiie to have come from the conference between the President and Gov. Roosevelt, al- though there never was any real basis for such optimism. Pools Liquidate. To add to the unfavorable technical position, a number of pools which had been unable to attract a public follow- ing felt it wise to liquicate, and their selling, added to the other pressure, © S Decline at Close. clightly higher at a 0 a new low con. I was 4 which - was nc2 in commod- wd further defla- 9 outhern Pacifl 48 2 Southern Railway. 8 Househd Fin pf 4.20. Southern Bailway of. 2 &% Houston Oil. ... H 1% Houston Oil (new) 26 27 Hudson Motor Car 4 112 Hupp Motors 4% lilinois Central 1 Indian Refining Industrial Rayon (2) 14% Ingersoll-Rand (2).. 10 Inland Steel........ Inspiration Copper. . Insuranshares (Del). Insuranshares (Md). Interboro Rap Trans. Sparks-Withington. . nd Brands (1.20). tand Gas & Elec (2) Stand Gas&EI pf (4). 3 Stand Gas&El pf (6). Stand 01l Calif (2 9 Stand Oil 5 3 97 7 A P Westinghouse Elec. . Stand Qil Kansas 3 Westinghse 1st (3%) Stand OII N J 6 | Westvaco Chlorine. . Sterling Secur (A) Wilcox Ol & Gas. Stewart Warner., Willys-Overland. tone & Webster. Wilson & Co (A). Studebaker Corp. ‘Wilson & Co pf. Atchison. .. 2 > £ » Int Agriculture. Studebaker pf (7). 22 Woolworth (2.40) hollgflt_;lso u-fi:fl}w{;&p;n to :il'ée‘;wé:- Atchison pt Tt Rericaltitas 1, Superior O1l 5 Worthington Pump 4 Atlantic Coast Line. . 2 " :‘ . ] x Frank L. Dame says that excavation : 3 )2 9 3 5 T4 1% Yellow Truck. P e b Pl v 7 20% 2% —1° b 1 S s 271 4 Youngstown SI " 10m work is under way for Potomac Electric Atlas Pawder. - 3 3 3 2 21 roungs Tu.. o Power Co's new generating plant at 2% Tex Paeific Land Tr. 5 117 3 Young Spring&W(1 gave the market a ragged appearance. Auburn Motor Buzzards’ Point. Shipments are already tion Corp (Del) e " : k=45 e 72 Zenith Radio. .. % Coca-Cola was pressed for sale and being received on the company’s order Baldwin Locomot 1 g 4 per & Pwr (A). b s 1 Thermoid Co 4 # x 9% 4% Zonite Products 5% B% \ ran off to the lowest since the extra for more than a million feet of under- Baldwin Locomot pf. 1108 Lei & PRiAC). ke rr e Saies of Stocks on New York Exchange. (é:yrldend R dogxgtcd. Loew’s was ground clay conduft, amounting to 150 Baltimore & Ohio. 36 per & Pwr pf. . Tide Water Asso Ol 10:30 AM. . 100,000 12:00 Noon y weak an vidend doubts were carloads, which will be used to house o y 1:30 P.M. . 900,00 also given as the reason in this case, Baltimore & Ohlopf. 1 : Tide Water As pf (§) cable lines from the new plant and Bang & Aroos pf (7). 30s 4 31, 3 2 Timken-Detroit A | " Dividend atéa as siveniin the shove table are the anmual cashs | S CHOL, (hAt mAY Have been sh ek 2lso from a new substation at Takoma \ Barnsdall Corp. 14 5% 25 . Eimbiaron (Ex}\:fley payments based on the latest quarterly or haif-vearly deciarations, | Cuse. Directors are scheduled tomeet Park where an auxillary supply of Beatrice Creamery 4 2 2 6 2 Int Silver...... 5 5 T% 2% Transamerica Corp | """ Tnit of trading less than 100 shares. . fPartly extra. :Plus | MOnday. hydro-electric power Wil be received Belding-Hemingwa. - 3 Int Tele & Teleg ¢ . 24 Transue & Williams. ! E AT A e in | General Foods continued to decling completion of the new tie line to i - o N Aok 143 | under relatively large offerings. Tak- Am Woolen pf...... Anaconda Copper. ...~ Anchor Cap (1.20) . Armour of Del pf(7). % Armour of I11 (A) te. b Payabl stock. Preferred Stocks Of Best Grade in Constant Demand Recession Started Late in October Becoming More Pronounced for Finished Products. Bugyrus-Erie cv pf. Budd (E G) Mfg Bullard Co Bulova Watch Special Dispatch to The Star. New York, November 23.—All through the recent irregularity in stocks there has been demand for the best grade of preferred stocks. It has broad- ened out to include stocks of the second grade giving an attractive ::tmuggsb‘;x!'erl:e:r‘lt!lgr %‘;Cmugf cession in new orders for finished steel Ncvember 19 increased ditions. Most of thes> issues are products, which began late in October, . while the cut in Guif outstanding in small amounts | |has become more pronounced in the | COast crude by a subsidiary of Standa:d Potomac company. Co-operative merchandising and ad- vertising have increased sales of oil and coal burning heating equipment Burns Bros (A ] b actuaied by electricity, ~Chairman Burns Bros pf g g 3 3% Le “ement. . .. Dame adds. S 6% Burroughs AM( . 9 § 3 A Coal pf.. 315 Bush Terminal...... 4 5 Du Pont Sees Brighter Outlook. 7% Bush Term’l deb stk. 100 o A brighter business outiook was pic- 15 Butte Copper & Zinc. 51, Liggett & tured by Lammot du Pont, president of 3 Butte & Superfor. 6 Y 34% Lige & Mye the E. I. du Pont e Nemcurs Co., and 7 Byers (AM).. Liquid Carbanic chairman of the board of General 7 California Packing. E Loew's Inc (14) . Motors Corp. AL: Caitiren Y . E 9 Inc pf (6% Sgectal Dispatch to The St apd most of them are inactive. last week and has affectrd production |Cf New Jersey forecast a general reduc- In Waynesboro, Va., on his first visit da Dry (1.20). 1% Loft Inc. NEW YORK, November 23.—Power| | There is practically no specula- adversely in nearly aistricts, Iron |lon. The oil stocks, however, held to inspect the du Pont rayon plant, he e g and prosperity are no mere linking of| | UCR iR any of them, but there | |Age said today. The automobile in- ter than most other industrials.” said conditions are mugh batter indus- 10 Camnon Mills (1) - ey R g are buyers for sizeable blocks dustry is the only cteel-coasuming chan- | , Eleciric ouput for the last week was trislly and predicted that they wil i 16% Case (J 1) Co... words, according to bankers, engineers| | whenever they may be cbtained. | |nel fo which shipments are well sus- 0N 7i per cent from the same weed and sellers of power equipment here, (Copyright. 1932.) It 'l;.:l ittt i :u.’,,w..'.’,'zn'z’;";‘ W:?"%:"m:hfiflg ing 0 account it .. cent. because the narrow profits of business some steel plants are being shut d?:n hand, the New York Central report now make the margin between eco- .|from Wednesday night until Monday (2 falling off in for the we' nomical and uneconomical power pro- morning, though Thanksgiving day is (of 105 per cont, wi was the duction spell the difference between not normally a stzel mill holiday, ingot | comparison with 1931 made so far th! profit and loss on an order. output for the country as a whole during | year. Fifty per cent of all the machinery, Special Dispateh to The Star. &?fl‘;’&flmfiyflflh‘fi Wonkaein: Aopqupiof. equipment and plent facilities in Amer- > ican factories have become obsolete Bendix Aviation : Interstate Dept St... 3 3 b 3 - % Tri-Ce 4 : | 8% tock, 1 1) . b cott City. Md. 'The Pennsylvania Best&Co.... Tntst Dp St pf xw (7). 208 27 B kst b A o O1d last” yearone FeRUISF Tate. ' Plis 5% ing the market a8 a whole, the volume Railroad has been granted a permit to Bethlehem Steel. e TR Eanvill 40 D Pavable in scrip. was small, suggesting that there was build a railway extension from the 4 Bethlehem Steel pf.. s 100 nct much stock coming in from the ‘Wachington Navy Yard to connect with Boan Alumn & Brass 84 30 Jones& Laugh pf(3 o cutside. In the first half hour the Buzzards’ Point, thereby opening a new Borden Co (2 vos 89 24T ;| %% B Kan City Sou pf sTEEl 0RDERS DROP turnover was only 100,000 shares. industrial nndbwmmerchl ‘m which . go‘rx w«ar{neg 9 L 14% 4% Kayser (J) & Co e:;mx;z“ xz!:\o v!nel‘:ge:lm l:lnue: cmwn- 1s expected to be a source of new power riges Mfg Co : [ v hoze ‘hem- business for the Potomac company. Ekyn Manhat Tra OVER WIDE AREA 2! Westinghouse Bectric. Auburn, ‘Washington's largest department Bklyn Union Gas(3). iand in the rail list, Atchison and Union store, and fltlc )llut to mndlnu(n .Lprlv.w '.gruns\»;gc\(-ssxrxgo. 7 i | Pacific running from 1 to 3 points. power plant, has signed a contract to runs Term & Rwys. ; : ZRwiRES Sieic ervice | froag. Hic The ln;;::t“:allsnt::zw'r :‘;t of much ‘The Iron Age reported steel B ors £ ufin:"ek at 16 per cont of capazity, against 19 a week a: Industry Must Scrap Many Dnifed Siates Steel common dipped chi By the Associated Press, but the declinc was only a little over Machines and Plants NEW YORK, November 23—A re- o e e . © | of points. jacoline ctocks duriny to Prosper. | the ) (1. 83 Lou Gas&EL A (1% 714 Louisville & Nash. .. £ H £ H i g i £ : i i i i } S i i i : continue to improve. 15, 4% Caterpillar Trac 50c. Saying that there would be no radical 1% Cemn?o Corp.: 4 B i€ IO Corpn () 315 Cerro de Pasco. A % M eTntyr Por M(113 rise gradually 161 Checker Cab Mf. 2 - e e normal level. The bottom of hard 9% Ches & Ohlo (214) i i hbing times was reached in Midsummer, he 4 4% Chesapeake Corp (2) MEKCe g0l & FObE DL, said. % 1% ChiGreat Western. . ML Gt The Norfolk & Western Railway Cc. 215 Chi Great Westn pf. Macl Tricks (1) reports for 10 months ended October %, Chi Mil StP & Pac... CRrD) & Co () 31, 1932, net income of $12,217,201 after 114 Chi Mil StP & Pac pf. )& Co 2 taxes and charges, equivalent after 3 2 Chi& Northwestern. 2 dividend requirements on 4 per cent Chi Pneumatic Tool., e Baltimore Markets BALTIMORE, Md., November 23— per cenl last week. The weakness was accentuated in the White potatoes, per 100 pounds, 80a ‘Exceptions to the downward trend | 2fternoon, as the Washington reports are to be found in the Detroit district, | became more insistent that no com- o preferred stock, to $8.14 a share on; 1,406,507 shares of common stock. This compares with $18,097,276, or $12.32 a common share in first 10 months of 1931. October net income was $2.514,818 after taxes and cherges, against net in- come of $2,487,296 in October, last year. Today's D. C. Exchange Trading. Washington Railway & Electric pre- ferred stock was again wanted on the ‘Washington Stock Exchange today, 10 shares selling at 87%. 10 more at 88 and 10 more, after call, at the same quotation, all sales being ex-dividend. Potomac Electric Power 6 per cent preferred came cut in a 10-share lot at 110, this stock also being ex-dividend. There was only one sale in the bond division, $500 Washington Gas 6s, series A, changing hands at 997, same as the last previous sale. The local exchange will be closed to- morrow, Thanksgiving day, while the members give thanks that business has been as good as it has during the past 11 months. Heard in Financial District. Stockholders cf the Bank of Bright- wood 'report receiving requests for a payment of 100 per cent assessment on their stock. They are asked for the full amount in connection with the double liability of bank stockholders. It is the same sum as was asked by the receiver of the Departmental Bank & few days ago. The Council of Administration of the ! District Bankers' Association will hold its regular vember meeting Friday afternoon at headquarters. Represent- atives of the association have practical- ly complet their work in raising th quota for the Community Chest and also assisting in th: Red Cross mem- bership drive. ' Every bank, investment establish. ment and brokerage house in Wash~ ington will be closed tomorrow to ob-| serve Thanksgiving day. » 5 4 City lea&Fuel pf 67 2 Consol Gas N Y (4) Chi Pneu Tool pf. Chi Rock 1 & Pac. ChiR1&Pac6% 4 ChiRI&Paci% = 3 Chiids Company Chrysler Corp (1) City Stores...... Cluett-Peabody (1).. Coca-Cola Co (7). Coca Cola (A) (3) Colgate-Palm-P (1). Colg-Palm-P pf (6).. 4 Collins & Afkman 7% Colo Fuel & Iron Columbia Gas (b1). Columbia Pic ct 4 Columb €arbon (2) Commercial Credit. Comel Inv Trust (2). Comel Inv cv pf(e6). Comel Solv (60c) . Comwlith & Southn. . Comwlth & Sou pf(6) Congol-Nairn (60c) . Congress Cigar (1) Consol Clgar. . . Consol Cer pr pf 6% Consol Film pf. Consol Gas NY pf(5) 4 Conscl Laundries(1). Congol Oil Corp Consol Textile. ‘'ont) Baking (A) Contl Baking (B) Contl Baking pf ( Contl Can (2)..... Contl Insur (1.2 Cont Motors Contl Ol (Del): . Corn Produets (3). Corn Prod pf (7). Coty. Inc. ... = Cream of Wht(123) “rown Cork & Sea Crown W P Crucible A 5 Ea P JUPSPI Clorb P-4 JOF-JUPCPRIOY - P )~ PR S o S Nafrpondaans o Marshall Field & Co. athieson Alk (1%). v Dept Stores (1). o Mengel Co. Iengel Co pf. Machine (1).. mi Copper Mid Continent Petm. Midland Stee] Prod. . Minn Moline Pow. Alinn Moline P pf. MBP &S <an & Te uri Pacific pf.. wk Carpet. ... Monsanto Chem 1% . Montgomery Ward. . Mother Lode Motor Meter G & El Motor Products (2) Motor Wheel. Mullins Mfg pf. Cash Reg (A) at Dairy Prod (2). evada Con Copper. ewton Steel. s ) ¢ Shipbuilding. ... oranda Min (a1.10). th Am Aviation.. or Amer(b10 % stk) orth Amer pf (2)... orth Am Ed pf (6). orthern Pacific. ‘[ narrowing profit margins, is requiring —1'% now idle never will operate again. They + % | will be unable to compete with modern- 1 % |such machinery or to such firms to RS R ) | been operating at a fraction of capac- within the last 3 years. They have| been cutmoded by new discoveries, im- | provements and designs. acccrding to the President’s Naticnal Commitiee on the Modernization of Industrial Plant Facilities. This factor of obsolesence, along with | the replacement of much idle ma. chinery. In 1928 and 1929 economy in industrial power was secondary to| output and many industrial plants were pushed to the limit regardless of their 2conomy. | Many to Stay Idle. No matter how quickly business turns upward, many plants and machines ized plants and machinery. Many fac- tories are handicapped by depreciated, obsolete and outworn machinery, which, because of business conditions, has not been improved or repaired. And bank- ers are not lending money either on resume or speed up operations. Faced with the necessity of bringing their power plants up to date, execu- tives and engineers of industrial es- tablishments are planning to visit the Power Exposition here, the first to be held in two years. Simultaneous with this tenth national power exposition next month will be the annual meetings of the American Society of Mechanical Engineers and the American Society of Refrigerating Engineers. The Advisory Committee, under Chairman I. E. Moultrop, believes the show, coming just after the turn of the business tide, will have a far- reaching effect in stimulating business recovery in the power field. They point out that most industries have ity. While the chief itefns entering manufacturing costs are materials and 1.05; barrel, 1.25a1.50; sweet potatoes, bushel, 30a60; barrel,. 50a80; beans, bushel, 1.25a3.00; beets, 100, brussels sprouts, quart, 6al5 basket, 20a25; carrots, 100, caulifiower, crate, 1.00a1.2: crate, 75a1.60; cucumbers, \per, 1.50a2.50; lettuce, crate, 2.7583.50; onicns, 100 pounds, 75a90; peas, bushel, 3.00a3.75; peppers, bushel, pumpkins, 100, 10.00a15.00; | hamper, 30a35; squash, bushe! 1.25; tomatoes, lug, 1.00a2.00; apples, bushel, 35a1.25; cranberries, box, 1.50a 2.75; grapes, basket, 9all; grapefruit, 7523.25; honeydews, crate, 1.25a 715; oranges, box, 2.75a3.50; pears, bushel, 50a1.75; tangerines, one-half strap, 1.50a2.50. Dairy Markets. Live poultry—Turkeys, hens, pound, 20; gobblers, 18; old hens and toms, 16; crooked breasts, 12a13; young chickens, 11al4; Leghorns, 10a12; old hens, 12a15; old roosters, 8a10; ducks, 10a13; geese, 10a14; guinea fowls, each, 20a30; pigeons, pair, 10a15. Eggs—Receipts, 1,651 cases; hennery whites, dozen, 36a38; nearby, firsts, 32a 33; Western firsts, 32a3; Southern firsts, 30; current receipts, 30. Butter—Good to fancy, creamery, pound, 21a26; ladles, 14al5; store packed, 11; process butter, 16a17. Live Stock. Cattle, 100; dull; steers, good to choice, 5.75a6.00; medium to good, 5.00a 5.75; fair to medium, 4.00a5.00; medium to fair, 2.25a2.50; common to plain, 3.0023.50; bulls, medium to good, 2.75a 3.25; fair to medium, 2.50a2.75; plain to fair, 2.25a2.80; common to plain, 2.00a2.25; cows, medium to good, 2.75a 3.00; fair to medium, 2.2522.50; plain to fair, 1.75a2.00; common to plain, 1.25a 1.75; helfers, good to choice, 4.50a5.00; where production is at 24 per cent, agamnst 13 per cent in recent weeks, Lho\l{‘h the steel plant of Ford Motor Co. still idle, and at Birmingham, where there has been some resumption by steel-making units following a drop to sbout 10 per cent last week. ’”‘rm.gec':t for th'; ul;mllnder of this not_espec! good, o to year-end inventory canaidgruflo:‘:x and general uncertainty .as to congressional mream“ggtsm:ll:e pl"ederll %l;xohlema ad A et and taxation, not to mention t)?e' tariff, Congress. promise was to bz effected on the in- 15 Shening exchange, which had open ’ rling exchange, open- ed higher on this side, reacted to the low of the movement and commodities turned downward, notably wheat and cotton. Stocks made their low of the day in the second half of the session. In the fourth hour International Business Machines was off 5 points, Allied Chem- ical down over 4 points, American Telephone down 2 to 3 points and other leaders in proportion. The pace of trad- which probably will not come up for | Ing continued slow but there was no re- consideration until a later session of | covery. (Copyrigh*. 1832.) Banking Business United. Stockholders of the Manhattan Cd. (New York) have approved consolida- tion of the domestic and foreign bank- ing business heretofore conducted by the Bank of Manhattan Trust Co. and the International Acceptance Bank, and segregation of ownership of the New York Title & Mortgage Co. Regular Dividend Voted. NEW YORK, November 23 (#).—The per tock on the common stock, payable January 3 to stock of record December 5. The regular quarterly dividend of 75 cents a share on the preferred stock was also ordered, pay- able on the same date. BT B FOREIGN EXCHANGE. (Quotations furnishe¢ vy W. B. Hibbs & Co.) Nominal gold Selling checks value. 7. um to good, 4.00a4.50; fair to me- | London dium, 3.50a4.00; plain to fair, 3.00a3.50; common to plain, 2.5023.00. Sheep and lambs, 200; steady; sheep, .50a2.00; lambs, good to choice, 5.75a NEW YORK, November 23 (#).—, YOU DON'T HAVE TO PUNCH A CLOCK if you bave the punch. nrgr informatlon address Box 312-E. Star ce FIRST MORTGAGE SECURITIES rect ducing properties n In_Denominations as Low as $I Monthly Payments I Desired REAL ESTATE MORTGAGE AND JARANT GU 'Y CORP. 1610- K _Street First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. N.W. LOANS {;‘;"féug:l‘fh.‘{::{n 'fsf;:f:."z "it: 6.25; common to medium, 3.00a4.75. R el e ; = servic ; lower; light, 4.1024.35; me- i N .do not so vary because the efficiency " 3954 20; . °';,,§..'_‘,‘° Tumbla Heal Estais Security of production drops off materially with ; 1084.35° | Warsaw, 5 i e = {raptionally loaded -units. _ Thetefore, | b, B0 0 ers “nogs 1 : 3 i 69th Series of Stock Now gs, 4.1 Open for Subscription S. S. Kresge has declared a dividend | % D or\\nl.k rx»w& R! of 25 cents on the common and T« | et . 2 - ' 5 Ohio Oil (a’0c) . ular quarterly dividend of $1.75 on the| 2215 9 OtisElevator (1). preferred, both payable January 3 to 1% Otis Steel. ... stock of record December 12. « Otis Steel pr pf. Del & Hudson (6).... Owens 111 Glass (3).. Institute Meots Budget. Del Lack & Westn... 16 2T . . 12 improvements in the production of | Bigher than” quotations. power and steam mean much more to- | Calves, 75; lower; good to choice, Reviewing finances of Washington Chapter, American Institute of Bank- ing, Frank M. Perley, American Se- curity & Trust Co. chairman of the chapter’s Finance Committee, reports that the organization has been able to cperate within its budget during the| fiscal vear, and is in very satisfactory | Detroit Edison (6)... Diamond Match (1). . 4 Diamond Mach pf 1% Dome Mines (11.30) . Domin Stores (1112) . Doug Alireraft (75c). Drug Corp (4). Dupont de Nem 2 Denver & RG W pf.. g i 1675 Pacific Gas & El (2).. acific Lighting (3). Pacific Mills. .. Vacific Tel&Teleg(7) 220 4 Packard Motor Car. 7 s Paramount Publix. day to a factory’s unit-production cost than in prosperous times. Purchases Necessary. Some new power equipment will have to be purchased, no matter how rapid or slow a recovery takes place, because industry, like persons, in the last few 5.5026.00; common to medium, 3.00a4.50. Hay and Grain. ‘Wheat—No. 2 red Winter, garlicky, spot, domestic, 53'2; November deliv- 5312; December delivery, 54. No. 2 yellow spot, domestic, cob corn (new), 1.50a1.60 per |37 U. S. TREASURY CERTIFICATES (Reported by Chas. D. Barney & Co.) Rate—Maturity. 342 Dee. 15, 10d James E. Connelly. James P. Shes. President Secretary Dupont deN db pf () Duques Lt 1st pf (5 Pathe Exchange ( Patino Mines years has been living off inventory— | PArrel. 23 With the result that mechines, lke| O&ts—No. 2 white, domestic, as to} clothes, have been patched to a point | Weight, 26a28%%: No. 3, 258261 1 where patches no longer can be sewed on. Rye—Nearby bag lots, 40a45. i The growth of interest in power ma- _ Hay—Receipts, none. General hay chinery parallels the growth of power Market is quiet, but no surplus of gcod Aus. o at 5% interest timothy. Prices range from $11 to 1 ¢ ?52‘:’“.‘,‘?.’1',: mm:h fi:a?tviupesr;gfiew "!‘ll\‘é5° per_ton, as ulw g:nde ang‘r fim& ::l‘l ;raw to 1850‘7‘?: ’ gianf chines % poorer grades of y are ! and glant power machines Were Set- |sell at any price. Market irreguler on| NEW YORK BANK STOCKS ton. ; was held. It had 105 exhibitors and | €VErything below 3 timothy. IS twisty Semie LR e g oy . A08 CXnibitors and | Straw—No. 1 wheat, per ton, 8.00a the habit of SAVING now 47,509 persons attended. In 1930 there | 5.50; No. 1 cat, per ton, 8.00a8. while your earning power was 130,569. Visitors came from 898 Lol i = e cltles and towns and 42 States in this Silver Output Declines. (Quotations as of 11 o'clock.) Open Daily 9 to § BANKS. Saturd. Until country and from 44 foreign countries. lays When the word “power” is mentioned | TORONTO, Ontario, November 23 & Btk A%Sa Weg all countries watch the United States, | (). —Canada’s silver production for Oc- because, with less than 10 per cent of | tober. 1,853,000 ounces, showed a slight N the world’s population, we produce and | decrease com with the October, #nam} (9 mngy in factories, mills, and mines, tl’.isl..flfl!em ’:9!7‘000 :'u;ce:m ‘There P:m?:-(,_,?nv 2) Poore & Co (B) 1 3 nearly one-half cf all the power now | /8 icreass Sep- 81%; colorad Eprings, 10; Rock Sprinj Fidelity-Phoen 1.20. Port Ric At To z Dt i the SoE t.mbg. 1033, figure, however. That| . TRUST coupaNIEs, 10a107;; roosiers, 81%; turkeys, 12al s Firestone T& R (1). 3 7 g Pos 3 & 2 (Copyright, 1932.) month ‘produciion was 1,500,000 ounces, | Bankers' (3) ... ducks,” 9a10; geese, 9'3; Ieghorn Firestone T&R pf(6) 1 2 2 2 Prairie Pipe Line Silver output of the United States for 3 Net Loss Reported. ' First Natl Stores 215 Presced Steel Car October was 1,918,000 ouncss lower than Bmlern, 8%, Florsheim Shoe (A).. 19% Proctor & Gamble(2) Al utpal OF ARELORE NI AR TR T T Foster-Wheeler..... 2 Proc & Gamb pf (5). 208 NEW YORK, November 23 (#)— corresponding month of 1931. Fourth Nat Inv 1.20 10 28 Public Sve NJ(3.20). 17 -1% Rflnl.%tm Rand, Inc., reports net loss ST ST 2 83 Pub Sve G&E pf (5).. 99% — % Vof $1,301,829 for the six months ended | Patents for electricity and farming % September 30, against s deficiency of | now lead all others in the Irish Free financial condition Serving with Mr. Perley on the Finance Committec are Aubrey O. Dooley, assistant trust officer, Federal- American National Bank & Trust Co.; ‘T. Hunton Leith, assistant cashier, Security Savings & Commercial Bank; 1. J. Roberts, an assistaut cashier of Riggs National Bank, and James A. Soper, vice president and cashier, Lin- coln National Bank 10 SR EoEDe: Penny (J C) pf (6). ¢ Penna Rallroad. . Peoples Gas Chi (5). Pere Manquette. ... 2 Pere Marquette pr pf 60; Petrol Corpof Am... 9 Phelps Dodge. . Phila Co 6% (3). Phila & Read C&1I... Philip Morris&Co (1) Phillips Petroleum. ., 4 Pierce Oil. . . Pierce Ol pf. Pierce Petroleum. ... Pilisbury Flour(60c) Pitts United pf. Plymouth Oil (1) 4 Elec Pwr& Lt....... 874 Elec Pwr & Lt pt (6). 10% Elec Pwr & Lt pf (7). 12% Elec Storage Bat (2). 16 Endicott-Johnson(3) 12 Equi Office Bldg 1%. 2 ErieRR. o 2 Kureka 2 1 Evans Auto Prod Fed Lt&Trac (1) T e NEW YORK, November 23 — CHICAGO DAIRY MARKET. Over-the-counter market: o CHICAGO, November 23 (#).—But- ter, receipts, 5,460 tubs; steady; prices [Eggs, receipts, 1,669 cases; 33; fresh graded firsts, 52; current recaipts, 29a31; refrigerator Fed Mines&Sm pf . refrigerator extras, 26 ¢ Federal Screw Wk: Poultry, ~live, receipts, 8 triucks; Fed Whter Servite 4 steady; hens, 10a12l;; Leghorn hens, % Peders] Depts(60c). FEOEEES o PERAMANE _fi‘l’ BUILDING ASSOCIATION "fi"‘“’ % ST. Benustzs o ! REH % ; !e:.:.‘-::l:';, Bar 15 :2:..‘{'.}“‘&“”;'1)' 2608 18 " 10% Pull 3) 28 2 ) A - n Smn pf(’ . ) %4 Pullman Corp (: - mmufi?” 28% 10 Freeport-Texas (3).._ 61 26 , 2% Pure Oll..ossseasees . 1 4% - .-