Evening Star Newspaper, November 23, 1932, Page 11

FINANCIAL. = BONDLLIST DOWN | N SHARP DECLINE U. S. Issues Rise, but Others|c Show Losses From One to Four Points. Special Dispatch to The Star. NEW YORK, November 23.—The sharpest decline and the most general one that has occurred in doméstic bonds in several weeks developed to- | Losses ranged from 1 to over 4 points. At the same time there was a decline in foreign dollar loans, but an advance in United States Treasury issues. The weakest issues were in the in- dustrial list. Studebaker Corporation 65, which had quite a flurry last week and sold above 51, were offered down | 4% points today to below 44. The | 7 per cent preferred stock of the com- | g:ny was under pressure. United Drug declined 1 ints, United States | Rubber 5s were off 21, points and !\a-‘ tional Dairy Products 5l4s lost more than a point. Small concessions were made in the quotations for oil cor ~! pany bonds. Youngstown Sheet & Tube | 5s, which had a loss Tuesday of 6 to 8 | polms. were again heavy. Rail Bonds Decline. In the railroad lidt a large number of issues declined a point or more. Among these were Missouri and 5s, Denver & Rio Grande Great Northern 4!%:, Ilincis Central * 4%s, Rock Island 45s, Baltimore & Ohio 6s and St. Paul gold 5s, with smaller declines in Erie refunding 5s, Chicago & Ncrthwestern 434s and Bal: timore & Ohio 4!3s. ‘There was a large volume of offerings | in the International Telephone & Tel graph issues, whese position wes specu- | latively influenced by discussion of the Spanish telephone monopoly. Inter- ‘borough Rapid Transit bonds were heavy in spite of the intimaticn in Controller Berry’s report that higher subway fares were a logical way of im- roving this city’'s financial positio: e direct effect of this survey was ex- hibited in the market for New York City bonds, which had another sharp | advance. Argentine Loans Heavy. Again Argentine loans were heavy, declining by fractions to 2 points. So were those of Australia, whose 42 per cent issue lost 2 points. On the other hand there was significant steadiness in the markets for British, French and | Italian bonds in spite of the prospect facing foreign debtors of being com : pelled to pay their December 15 i stallments on the war loans. German issues were fractionally higher early and then declined. Japanese loans continued heavy and there was another small loss in Swedish 5)5s. The list of United States Treasury ‘bonds exhibited considerable strength, especially those selling at a discount. "There is a possibility that Great Brit- ain may be buying these issues as part tender for next month’s payment. (Copyrignt, 1932) LOANS ON SECURITIES CONTINUE TO SHRINK By the Assoclated Press. .« Loans on securities by reporting mem- ¢ ber banks ef the Federal Reserve Sys- tem showed a further shrinkage during the week ended November 16. In the hhle the total loans secured by this flllu of collateral are given for com- parable periods, as reported by the Fed- eral Reserve Board: “+Week ended November 16. 34 249,000,000 Previous week +4,295,000,000 4 Bame week last year..... 5889000000 ¢ Company Buys Notes. NEW YORK, November 23 (®.— n Arms Co. has bought more than $1,000,000 face value cf its three- yeu' 5'7; r cent notes, due March 1, g of this year, reduc- sn; t.he oumlndmg total to less than 000. -— | Washington Stock Exchange SALES. ashingt: Gas 65 A—8500 at 997s. !owmmu‘ %rlxe“ra‘i 65,} pfd.—10 at UD' Washington Railway & Electric p(d— 10 at 87%, 10 at 88. AFTER CALL. Washington Railway & Electric pfd.— 10 at 88. Notice—This exchange will be closed on Thursday, Thanksgiving day. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer_‘_ “Tel, fi- T:l d. Asked. 1057 Saftal Traction B, R. 56 3 Supurnan B ‘ | Washigton Ges 4 Wumngmn Gas w:sh BONDS Srock mfl,h Private Wire, Direct to The Star Office. UNITED STATES. (Sales are in $1.000.) His! Low. Lib3%s 32-47 .s 1 Lib 1st 4% s 32-47 102 10 533-38 103 17 96 2: Abitibl P&P Bs '53 Alleghany Cp 5'44. | Alleghany 58’49 Alleghany &s '50 | Am Chain ab 6533 day after a heavy opening in stocks. i Am Sm&Ref § Am Sug Ref 6s 1. Am T&T c tr Am T&T deb Am T&T deb 5 '65. 1 Am T&T 5%s'43 Am Wr Pap 6s47. Am Wat Wks 5534 {Am “nl Wks fis '76 8" Arrcnunefv‘,&s 6! Argent 6s '61 May Argentine 6s 5! | Argentine 6s *59 Oc Argentine 68 A '57. Argentine 6s B '58. Arm & Co 4%5"39. Arm Del 5%s°'43.. | Atchison gn 4s "95. Atchison 434548 AtICL 1st 4s°52 Atl Gulf&WI 58’59, At] Ref db 6s'37... Australia 4%5°56. . | Australia 5s Australia 5s Austrian 7s "4 Austrian 7 B &O 1st 45°48 B&O4%s'33 B&OP&WYV 4541 B & O Toledo 45’59 Belgium 6s '55. Belgium 635 '49. Belgium 75 ’65. Belgium 78’5 Bell Tel Pa 55 B'48. Bell Tell Pa 55 C'60 Benef Loan s '46 Berlin Cy El 6s Berlin C El 64551, Berlin C El 6%5'59. Ber mun ex 6%s 50 Beth St pm 55 '36. Bolivia 755 Bolivia 75°69. Bos & Me 555 Brazil 6% '26-" Brazil 638 '27-'57 Brazil 7s C R '52. Brazil 8541 Bremen 7s '35 Bklyn Ed 58 A "49 Bklyn Elev 6%s Bklyn Man 6s A '68 Bklyn Un Gas 55’50 Bklyn'U Gas bs '57. Budapest 6562 Buenos A R 65’61 BR&Pitts 445’57 Bush T Bldg 55'60 Calif Packing 5 Canada 4s 60 Can Nat Ry 435'54 Can Nat Ry 4%s'56 Can Nat Ry 4%5'57 Can Nat 43%s " . Can Nat Ry Can Nat 55 '69 July Can Nat bs "69 Oct. Can Nor 4%5°35. .. Can Nor db 6%5'46 Can Nor deb 7s 40. % Can Pac 5s '44 ctfs Cent Ga cn 55 '45 Cent 111 E&G 58 '6! Cent Pac 1st 45°49. Cent Pac 5s'60.... Cert-td db 5%s’48. Ches Corp 6s'47... st 111 68°51.,. Grt West 4s'5! Qaaq 3 hI&NW 4% sC '37. 9 Chi RI&P rf 4s'34. ChiRI&P4%s'52 ChiR14%s8'0.... CTH&SE 1st 55 CTH&SE in 55 '60.. Chi Un Sta 55 B'63. Childs deb 63 '43. Chile 6s'60. . Chile 6s°61.... Chile 65’61 Jan Chile 63 61 Sep! Chile 65 '63. Chile 78 *42 Chile Cop db 53 47, Chile Mtg Bk 6561 CCC & St L §s D'63 Clev Term 4%s'77. Clev Term 5s B '73. MISCELLANEOUS. i Barber & Ross, Inc., 0145 A ‘éo)%mbn t:oumry it Paper Mig. Os. W. Mkt. Cold Storage 55 STOCKS. | v Sm. i 5 Wash. Rwp. & Biec pid. 1) &7 The followins fgurps re mot resent minimum prices ¢ B WashTaston stock Exchence. i NATIONAL BANK. Capital (8) 4 Columbia . § Emmeresal \mmpem ®) bids, but | fixed b: Min. price. Live z Lincoln 4lU Melropflliun an Riges (18). nd () . Washington (8 TRUST CO)!P ANY. Sec. & Trust Co (10 Nifl Bay. rust. ( ‘Xjr nce'lp!n\“l‘k;uBl & ¢ Dpion Trus Wash. Loan & 7. (14} SAVINGS BANK. FIRE INSURANCE. American (12). ... Corcoran (10) Firemen’s (K) National Union (1 TITLE INSURANCE. Cclumbla (Ch) 3 Real Estate (Gh) 5 MISCELLANEOUS. Col. Medical Bldg. Corp. (6).... ist. Nati. Sec. pfd., 0 1w % 20 59% ! German Rep 7s “43, 40 * 105 Clov Ter 53 sA Cologne 6% s ‘50 Colomb 65 61 Jan.. Colomb 6s'61 Oct. . Colon O11 6s°23. Col Gas&E Com Inves 545 '49. Jon G NY 434851, n 84 5552 Copenhag 58 '52 Cuba 5%8°45 “uba R R 1st 5852 uba Nor 534542, Czecho 88'51...... Czecho 8s'52. Denmark 65 *42 D& RGren u'zs. | D&RGr43%s'36. D&RG W 58°55.. Det Edison rf 55’49 Dodge Bros 6s°40. . Duquesne 43367, | DE15%s 53 Mar. Dutch East 1 6s'47 Dutch East 1 6s 62 | { vador 85 '48.. Finland 53%s ‘68, ! Finland G5 '56. Finland 7s 60. Fisk Rub 8s'41.... Fla E Coast bs'74. Fram Ind 7%s 42 French Gv 7%s '41 | Gelsenk'hen 6s°34 | Gen Baking 5% 8’40 Gen PSv5%s°39.. Gen Motors 6s'37. Gen Th Eq 6s40.. | Ger Cent Bk €s'38. | Gar Cen £k 6560 O 45. Goodrich 6% 547, Gocdvr Rub 6857, . | Ger Cen Bk 6560 J 40 6 2 Grand Trunk és ‘36 16 .+ Close. 101 23 10127 1027 10210 103 15 103 16 9615 9620 9727 9728 1018 1018 100 24 100 24 1027 1027 10331 104 1 107 23 107 28 Low. Close. 15% 15% 24y 24% 20% 20% THE EVENING STAR, WASHINGTON, D. Sales. High. Low. Close: Grand Trunk 7s'40. 35 Grt Nor4%sE"77. ]5 Grt Nor 5s C'73. Grt Nor 6338 B ’62. Grt Nor gn 7836 Greek 65’68 Halt! 6s '52 Hudson Coal bs ll. Hud & M adj 5857, Hud & M rf 58 '67.. Humble Ol 55 '37 Hungary 7%s "44.. T11 Bell Tell sl 111 Cent rf 4s 55 Ill Cent 4% 5 '66. 111 CCStL&N 4% 111 CCStL&N 5sA 11l Steel db 4%s 40. Inland St 414s A'78 Inland St 4%s B'81 Int Rap Tr rf 55 ' Int Rap Tr 6s'32. . Int Rap Tr 7s'32 Int & Gt N 5s B '56. I Int Mer nlnr 65" n Int Hydro El 6s'4 Int Pap ref 53 A’47. Int Pap 6555 Int Tel&T 4%s'39 Int T&T 4%s 52 Int T & T 5s ‘65 Italy 78 '51... Japanese 51s"65. . Japanese 6%s 54 *| Jugosl Bnk 7s 57 9514 100 103% 103 107% 100% 100% 100 €0 100% 100% 100% 100% | 60 Kan C F S&M 4s'36 Kan C P&L 4%s ‘s: Kan City Sou Kan City Ter 4s’ ao Kan G&E 415 '80. Karstadt 6s '43. nd 51548 ww Kresge Found 65'36 Kreug & Toll Laclede 5%s C'53 Long Is] rf 4549 Lorillard 6s '51. Lorillard 7s*44. La & Ark 55 °69. Lou G & El 53 A'53. L & N uni 45 °40.... L & N 5s B 2003.... L & Nrf 5%s 2003. McKes & R 5%8'50. Manhat Ry cn 45'90 Midvale Stl 5836 Milan 63562 MK&T4sB'62. .. MK & T adj 5567, MEK&TSSAES... Mo Pac gn 45°75. Mo Pac rf 55 A "65. Mo Fac 5s F *77 Mo Pac 55 G 78 Mo Pac 55 H '80 Mo Pac 551°8 Mo Pac5%s A ‘49.. Mont Pow 58 '43 Mont Pwr 55 A '62 Nat Dairy 5% s'48. Nat Steel 5356 NOT&M5%s 54, Nw S Wales 55 '68. NYC3%s'9T..... N Y Cent db 45 '34. NYCrf4%s2013. NYCrf4%s2013n NYCrf5s2013. NYC&SLL 4348 "78. NYC&StL5 1% 8A'T4 NYC&StL 1st 65 '32 N Y Edison 5s C '51 NYEdrf6%s 41, NY EL H&P 4549, NY NH&H 45°56. .. VY EL H&P 65 '48. NY NH&H 65°48. NY O&W rf 45'92. N Y Tel gn 4%8°39 Nord 6%s50...... Norf Sou ref 5 61, r & Wn cn 4396 orf&Wn div 45’44 North AmCo 58 ‘61 Nor AnrEd 68 A '57 Nor Am E 5%s'63. Nor Am Ed 55 C'69. N Ger Lloyd 68’47, NorOT & L 6847 Nor Pac gn 38 2047 r Pac 48°97..... Nor Pac 55 D 2047. Nor Pac r 1 65 2047. Nor St Pw 53 A *41. Nor St Pw 63 B *41. Norway 5 '63. Norway 5%s "65... Norway 6343 Norway 65 44 Norway 6s '52 Orlent Dev 5%s 58 Pac G&E 5s°42 Pac T&T 1st 58°37. Paramount €5 '47.. Param-Pub 5%s 50 Paris Or Pathe Exch 7s Penn sta 4s '48 Penncn 4%s " Penn 4%s D ‘70 Penn 43%5'63 Penn 5s '64. Penn P&L ‘%! . Penn 6%s 36 Peor & E 1st 45 '40. Pere M 1st 55 Peru 6s°60. Peru 65 '61. Phila Co 55 °6 Phila Elec 457 Phillip Pet 5%s ‘39 Pillsh F M 65743. Pirelli 7s '52 PCC&StL s A'7 Poland 6s '49 Poland 7s '47 Poland 88 '50 Port Gn El 414560 Por R Am T 65 '42.. Prussia 6s '62 Prussia 6%s Public Serv 45 'T1. Pure O11 5% '37. Pure O11 5%s'40.. Queensland 7: Read Co 434S A "97. Rhinelbe U 7s 46 Rhine West 65’5 Rhine West 63°53. Rhine W 68°55. .. Rich O}l Cal 6s u Rio de Jan 6355 RioDeJan ext I R Gr Do Sul 6568 Rio Gr W 15t 4539 R1Ar& L 4%s 34, Roine 6148 Royal Dutch Rumania 78 '3 StL IM r'&G 4533, 3y 3 100% % 1001 123 561 98% 831 1027% 214 5274 45% 46 6 47% 48 0% 50 49% 79 TT% Serbs-Cr-S1 85 '62. | “1Shell U Ofl 55°47. | Shell U O 68 49ww. 111 Cent ct tr 4s '52. Ore Sh L 5s gtd ‘46. 53%s'68... 21 37.. Penn £n 4% "65... Peop Gas ret bs *47. Peor & E inc 4590, Phila & Read 63'49. | Philippine R 4s°37. Pos Tel & C 58'53.. PubSv G 4%s'67.. Queensland 6s *47.. 41.. Rem R 8% sA’4Tww | Sinc O11 6%s B '38. Sinc 011 78 A "37... Sinc P L 534 Soissons 68 '3 Solvay Am 5s 42 Sou Bell T&T 554 Sou Pac rf 4s'55.. Sou Pac 4%s '68. 1 Sou P 414369 ww. Sou Pac 4%s '81. #ou Ry £n 48 A6 Sou Ry 5894, . Sou Ry gn 65 '5¢ Sou Ry 6% '56. StOil N J 5346 StOINY 4% 1 Sweden 538 '54... Swiss 53%s "46. 98% Tatwan E P 5HsT1 8 - o 19 - o PETA-E L SERC - TR P T T ™ MR o Wl n RS e 3=t Somaomn o whavwateen noalbeRane N EW YORK EXCHANGE 45 50 62 101% 434 102% 105% 103% 3 40% 40 5% 5%, 82% 49 100% 100% 5 CURB PRICES RALLY SLIGHTLY AT CLOSE|, & Late Short Covering Fails to Bring About Net Gains for Day. Special Dispatch to The Star. NEW YORK, November 23.—The Curb Exchange moved lower today in a dull and uninteresting session more or less typical of ‘pre-holiday dealings. Late short covering enabled scme of the leaders to rally from their lows, but the recovery was not sufficient to put them at net gains for the day. Electric Bond & Share had a compara- tively small loss. Great Atlantic & Pacific Tea and Aluminum Co. of America common were heavy. Continue Downward. Community Power & Light first pre- ferred on one trade broke 10 points and Celanese participating preferred was off about half that amount. Na- tional Bond & Share ylelded more than a point. Cities Service and Standard Oil of Indiana also were offered down most of the afternoon. Faced with a serles of unfavorable overnight developments. the market opened lower. Lack of definite results from the Hoover-Roosevelt debt meet- ing in Washington, along with reduced steel and electric power output, in- creased stocks of gasoline and price cuts in crude oil coniributed to the initially lower price trends. Humble Oil & Refining, controlled by Standard Oil of New Jersey, reduced the heavy or fuel grades of oil 10 to 20 cents a barrel. This was not un- expected in the trade, for late last week President Seubert of Standard Oil of Indiana warned prcducers that they were unable to maintain present crude prices in view of gasoline prices throughout Indiana's territory. Some- what off-setting this development was the declaration of several regular quar- terly dividends by oil concerns, among them National Transit Co. Tebacco Shares Firm. Axton-Fisher Tobacco A, with a gain of 6% points, and Rochester Gas & Electric preferred D, up 6 points, rose to new peaks for the year. Tobflceo Allied firmed fractionally. Acme W however, cased more than a point, did American Gas & Electric during this stage of the session. The latter movement was directly due to earning estimates of $2.35 a share on the com- mon for 1932, against actual net of $3.65 a share in 1931. (Copyright, 1932) BONDS ON THE CURB MARKET. e Salesin DOMESTIC BONDS. thousands. lor o bam Pw 4145 1 AR Rum "co 58 15 Asso G&E 4las '48 'w Asso G&E s ;m ¢ A3 GarS SCan NUR E 75 E ‘5 6 C: 3 t service. B BCit Sty Pw 5 2528532 235 23R! 30 99 ' 99 100% 100% witt 93 XKS\HII C’) 5! '-l P Ill“q 101 E & P bs . 100% 1007 ll Unlazl &Gul{ hs '50 004 9! i Wash W'e B 1 West_Penn ' Bs 1 Wes Tex Ut 55 A 1 Westva Chl 5'as FOREIGN BONDS. 2 Buen Al 2 Cen B Ger 65 A f Vienna 6s '52 | va Ry & Pw 65°34. | wabash 1st55°39.. | wabash s WwAWith warrants. ithout werrants. n—New. wi—When issued. Sales. High. Low. Close. Tenn E1 P §s A "47. 99 9 99 Ter As St L 5544, 97% Tex Corp cv 58 '44. Tex & Pac 55 B'17. Tex & P 5sC'79. Tex & P 5s D '80. Third Av 1st 55'37. Third Av adj 58 to Too P NJ 6% Toho El Pw s 5 Toklo 5%s " . Tokio E1 Lt 63 '53. . Un E1PSL ref 5s'33 UES&P 1st %8 A'54 Un Pac 1st 7 Un Pac 4%s "67 Unit Drug 58 '53... Utd King 5%s'37.. U S Rubber 55 '47... Un St W 61%s A'47. Un St W 615 A'51. Ud St W 6%sC'51 Uruguay 6s'60.. Uruguay 6s 64 Utah P & L 5344 Util Pw 5869 ww. Util Pow 5%s 47 971 Va EI&Pwr 5% '42 Va Rv 1st 58 A '82. Va SW 1st cn 5858 Wabash 4%s 51%8°7h... Walworth 63 A “45. Warn Br Pic 6s'39. Warren Bros 6s'41. Warner Sug 7s '41. Warsaw 785! West El db 5s Weet }'d 15t West Pac 58 A’4! Wes: Un el tr 53 sl West Union 5 West Union 5. West Un 6%, N HeRSaCpuCatantnar® wows sl Westphalia 6s ! 53. . Wil-0 18t 6%5'33. . Wil & Co 1st 8s'41. Wis CentTm ¢s°36. I Yokohama 8s 26 Ygsto S&T 58 A'78. l} A 4| grapefruit, 3.7524.00; C., WEDNESDAY, NOVEMBER 23, 1932, NYCURBMARKET Whrflnhm Sale— Aan m Low. Close. 3. 7 8% Stock and Dividend Rate. Aluminum of Amer 850s 50 Alum Co Am pf (3). Am Capital B. .‘.- AmCities P&LB., Am Comwith Pw A Am id B... Am El Sc pt pf new. Am Founders. . Arkansas Nt Gs A. As El Ind Ltd ki0c. Asso Gas & Electric Atlas Plywood. Atlas Utilities, Atlas Util war. Axton Fish A 3.20 Auto Voting Mach., Blue Ridge. Blue Ridge ¢ pfa3. Bulova Watch cv pt Burma rets (2 1-5¢) Cable & Wire A rcts Cable & Wire B rcts s | Niag Sh Ma B b5 Cities Service. . CelG&Ecvpf (5). 300- Comm P&Lt 1st pf. 50s 1 Comwlth Edis (5).. Comwlth & Sou wai Cons Gas Balt 3.60. Consol Retail Strs. Cord Corp.. Cosden Oil. .. Cosden Oil pf. Creole Petroleum Cresson Cons(klc). Deere & Co.. ... De Forest Radlo... Duval Tex Sulphur. Eastr G&F pf (6).. East Util Assocv.. Eisler Elec Corp... Bl Bd & Share b6 % Bi Bd & Share pf 6. Elec Pwr Asso(60c) Elec Pwr As(A)60¢ Elec Share pf ww. . Europ Elec deb rts. Evans Wall Lead Federated Metals. Fi. 8 B P 1r o e AN A g N RN DB DN Ford Motor Can A. Ford M Ltd....... Foundation For Sh. General Aviation. . Gen Theat Eq cv pf Glen Alden Coal. .. Globe Under (k20¢) Gold Seal El new. .. Goldfleld Consol. Goldman Sach 2% Great A & P n-v(17) 40- 1" 146 Grain Market CHICAGO, November 23 (#).—Grains turned downward in price today after an irregular start. Overnight develcp- ments regard! European debts were construed as together with New York stock market heaviness. Opening at 33 off to 4adzup, wheat later dropped all around. Corn started unchanged to % higher and subse- quently nceded Close year ago. 51* Ya en _ Close WHEAT— tudly yesierday. 43%- ;( 2 a9%-3, Butter—One-pound prints (93 lcore), 27; tub, 26; cne-pound prints score), 26; tub, 25; one-pound prl.nu (90 score), 25; tub, 24. Eggs—Hennery, whites, 35a38; current receipts, 30a32; storage, 24; Government, graded, extras, 45; standards, 41; me- diums, 33. Poultry, alive—Turkeys, old toms, 10al1; old hens, 12al13; young tcms, 14; young hens, 16; No. 2's, 9210; chickens, Flymouth Rocks, 4 pounds and over, 14al5; 4 pounds and under, 12al mixed colored chickens and Leghorns, 9a12; hens 4 pounds and over, 14al15; capons, 7 pounds and over, 20a22; small | capons and roasting chickens, 17a20; ke;F old, 20a25; young, 25a35; roosters, 7a. Poultry, dressed—Old toms, 16a17; old hens, 18219; young toms, 21a23; young 22a24; No. 2's, 12al15; chickens, Plymcuth Rocks, 4 pounds and over, 16al17; 4 pounds and under, l4al capons, 7 pounds and over, 23ai mixed colored chickens and Leghorns, 24a25; smsll capons and roasting chickens, 20223; roosters, 10al2. Meats—Beef, 12; lamb, 13; veal, 11; pork loins, 12; fresh hams, 10; smcked hams, !3 bacen, 13; lard, 7; com- Lh“ sto('k~H0[8 light, 3.70a3.9: medium, 3.5023.80; heavy, 3.25a3.7 pigs, 3.50a3.9! roughs, 2.00a2.7: calves, 3.00a6.00; lambs, 3.00a5.50. Game—Rabbits, per dozen, 1.80a2.40. Fruits—Apples, bushel, 50a1.50; fancy box stock, 1.50a2.25; 2.00: fancy box stock, 1.75a2.25; seckels, 2.0022.50; grapss, Concords, 3-pound baskets, 11al2; emperors, 1.2 nichons, 1.25; muscatels, 1.00; Themp- son seedless, 2.25a2.50; Malaga, 1.5 Jjuice grape:, 70285; honeydews, 2.00¢ 2.50; alligator pears, 1.25a1.75; bananas, 150a2.50; pineapples, 3.50a4.25; Christmas melons, 2.00; casabas, 2.2 oranges, 3.50a4.50; Satsumas, 3.50a4.00; lemons, 4.5026.00; persimmons, 1.2521.50; limes, per 100, 2.00; cranberries, 2.75. Potatoes—100-pound sacks, 1.00al. 10 Idaho bakers, 2.00; sweets, bushel, 50a60; string beans, 225:300, limas, 3.00a3.50; onions, yellow, 60a75; white, 75a1.00; _broccoli, 3.00a3.25: peas, 2.75a3.00; celery, 2.25; cucumbers, 1.25a3.00; beets, per 100 bunches, 5.00; carrots, per bushel, 75; let- tuce, Iceberg, 3.75; New York, 1.00; salsity, per dozen bunches, 75; turnips, 60a75; cabbage, 60275; mushrooms, 50a 90; kale, 35a50; spinach, 65a75; toma- toes, California, 30-pound Ilugs, 1.75; repacks, 1:50; parsnips, bushel, 1.2 okra, 1.50a2.06; squash, 1.25a1.50; egg- plant, 1.75a2.00; celery, 2.25; peas, 3.50. Market Averages By the Assoclated Press. Vieek ago Month ago .. Yearago .10 3y = 8. 0, 5 Yesterday .. Previous day. Week ago pre =t 2 ] aal Gis ocis e miadisT F = . MRS S g 3 years ago Hisn. 1937, S ame BE3ES Lot oo nE 4 : gpaspassazes: HlmPraryee. @ The Star Office. Stock and Sale— Dividend Rate. Alfl&-h. Imp O1 of Can §0c.. ImpT GB&I k74%e, Ind Pipe L (125¢) InsCoNAm (2)... e RS R Italian Superpw A.. T.efcourt Realty pf. Lake Shore Min(13) Lone Star G bésc. . Long Is Light(40c). Marion Stm Shovel. Mass Util cv pf 234, 25: Minn Honey pt (6). 20 SR e A --8 Nat Pw&Lt pf (6).. 60s Nat Service. . New Eng Pw pf (6) zn. NYPw&Ltpt (7) 258 Niag Hud Pwr 1.20. Niag Hud (A) wars Niag Hud Pw C wr, Nipissing. Nitrate Chile Ohio Copper. Oflstocks Ltd Am Atrway Parke Davis 1.3 Parker Rust (2). Penroad Corp. ..... Petrol Corp war. BaFwurn ®e aomare Pilot Radio Tube A Ploneer Gold (12¢). Pub Utl] HId war., PubDUIHdx w... Eub Utli Hd e ... ug Sd P&LDE k53 508 Pure Ol bt (67 108 Reybarn... Roan Antelope. Roch G & B b D &, 508 St Regis Paper.... 12 Sec Allied Cp(k25e) Segal Lock & Hrd. . Sel Ind all efs(5%) Shenandoah pf. Silica Ge) ct. Simmons Board pf. Stnger Mfg Co (8). 758 l“ Smith (A 0)... 1008 21% Southern Corpki0e 1 Stand Oil Ind (1) 4“0 Stand Ol Ky 1.20. . Stand Oil, Ohio 1% . Stand Silver & Ld Stutz Motor Car. Swift & Co... Switt Intl (+4). mopeSen Tech Hughes (60c) Texon O&Land 1% Tob & Allfed Stks. enie prgdgeed® Vnnaupfu“) 3 Unit Li&Pwr (A).. Unit Lt & Pwr pf. . U 8 Elec Pwr ww U S Foll B (30c). gs‘k‘?bb‘rflafl 3 nit wohu Ut p oo T e 1 2 L Jow 10 ments SEr "lx'uhx"u cash e Adyug f"m" gvmmd 4] 10% 8% Fhue 2 :% in siock.” tock. mPlus 3% = Shirt Compuy to Expud CHICAGO, November 23 (#).—Her- bert G. Mayer, presid Manufacturing 'y -I:nl'lhfllr:‘mm new 92 | work shirts at Columbia, Miss., m.,g plans were being considered for three or four other plants. m The Michi, cny.m plant, he said, has been en. larged three times this year. U. S. TREASURY BALANCE. By the Associated Press. Treasury receipts for November 21 were $5.406,477.85; e - 078,720.12; bnlnnce.mnd"mu .38 Customs duties for 21 days of N were $18,167,343.19, O O ember — DIVIDENDS ANNOUNCED NEW YORK, November 23 (#).— :nn. $625,528,836.38. | FINANCI ECONOMISTS HAIL LOW MONEY RATES See Harbinger of Better Times, but Wall Street Indifferent. By the Associated Press. NEW YORK, November 23.—If low money Tates are the harbinger of better times, many economists say they are, the shrinkage of rates in recent months in the world's principal capital centers to levels unprecedented in several in- mnm should bring cheer to Wall B\Xl ‘Wall Street has grown skeptical of the cheap money theory. Mohey rates have been abnormally cheap for more & year. Money theorists, however, say Wall Street may be as wrong in failing to enthuse over the current low levels as it was in 1928 and 1929, when it falled to heed danger signals of high money. The bull market raced merrily on for months after call money touched 20 per cent early in 1929. Carefully Restricted. Of course, the cheap money quoted in New York, London, Paris and Am- sterdam is only for the safest and most liquidate forms of credit. For these forms it is but a fraction of 1 per cent per annum. This does not mean that cnd.ll is _necessarily either cheap or plentiful for the average business man. Outstanding commercial credit in this country, as shown in the Federal Re- serve reports, has as a matter of fact shown almost steady .recession. But what will happen, say the cheap money protagonists, is that capitalists will eventually grow dissatisfied with the low returns, and that this dissatisfac- tion will overcome their fears. They will then buy corporate bonds and make other investments, and the business man will again find credit plenmul But this process, it is explained, takes time. Treasury Bills Cited. Reflecting funds for the best short-term the United States Treasury mk obtained $60,000,000 through sale of Treasury bills at a discount equiv- alent to an annual interest rate of 0.17 of 1 per cent. The rates at which Treasury bills have recently been sold in the world’s chief financial Bank, “is an absolute low record, not centers, according to the National City lu AL, 7 sax H Jlnuary 6.15; Mln:h, m. May, 6.34; July, 6.44; Oc- tober, 6. Little’ SOumem selling was in evi- dence during the early trading. Brokers with Liverpool and continental connec- tions were moderate buyers and fur- ther December liquidation absorbed by the trade at the differences recently rul- ing. General business was restricted as if the trade was inclined to walt for further developments in the war debt negotiations but while prices saf within a point or two of yestes close the market showed a fairly steady tone at the end of the first ‘hour. calling and Bombay buying and said there was a falr mquiry for cotton goods in Manchester with buyers and sellers - getting nearer to- gether on their price views. Power Earnings Increase. NEW YORK, November 23 (#).—The International H; lectric System, a division of the International Paper & Power Co.. for the 12 months ended September 30, reports ted earn- ings available for dividends on the system’s class A steck of $2,953,111, or $344 a share, compared $2,495,- 848, or $2.98 a share, in the 12 months. INVESTMENT TRUSTS NEW YORK, November 23 (#).—Over- the-counter market: (Quotations as of 12 o'clock.) Am Bank Stock . Bu Pund the extreme plentitude of | pi: a3t - 2w > 1 even approached during the long Orlnlltd 1879 JOHN JOY EDISON, President today. vni The New future. A AP A AN td. Wiser Ot * Dennis Bros Ltd o a'B R !m' ord " reg Brlt, Unt Shoe | M-c)'a""‘" Bs B for ord re..7%% . Quter Tl P le,|.‘°"" 3 acific Inde: Waldors " S5stem’ Ommu. Gons Joe_ of Piits 6% Joansen Br Sh Co 7% cum 0t Engravers Ean Dieso Ir & & m'm lnuhr. Autom "Gr” ks 5 itom o Can Cot Llfl D Champ Fibr 15t Cinn Unie 22, U5 5% DI New lmmn‘:: O"S 5.50 pf.$1.37 Plr. Noxmweu £ i Bo 7% ot 7% Br i 5% % z”w ;1 50 S an. Pegples :n"m 7 g po. Petroleum” Ex lur 5 5 Phila Elec Pow 8% cu .50c Q Dee. 62 BaL62% @ Dec. 20c M Dec. Security invegt'& Tagl, 2 Q Dee. nonnnmnnnnnonp‘,oo z & < 288885 W2 Pt Twin Bell Oil Union_Carbide Carbon_ . . ‘BEeSE 822 . S22V _JO% o0 o8 7T OF COLUMBIA pre——— PERST cause they Over a Third ~ tUTeS: of a Century Without a Loss to an Investor est. May be from $250 B. F. 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