Evening Star Newspaper, November 26, 1932, Page 13

FINANCIAL. " BRTSHLOMS OFF | 0N BOND AET Domestic List Is Heavy, With ® slight Changes Be- fore Close. Epecial Dispatch to The Star. NEW YORK, November 26.—The most dirsct effect of the w on ‘thc bond market today was in the Ul2 per cenv ioans of Great Britain which dropped 2 points. It is now off 4%, points from the level at which it #food - prior to the active reopening of this 5 n. Australian List Down. Australian lcans were again heavy with the 4l5s down over a pcint and the 5s losing !4 to '» point. Belgian es were slightly under Friday's clc: ing. On the other hand French go ernment 758 rose a trifie, The Ger- man government list was stronger in the expectation that a new government would be formed, while German mori- gage bank bonds were heavy. The unfavorable news from Tckio regarding the Japanese budget had ap- parently been anticipated and dis counted in the dezline sues earlier in the w proposed outgo over income places the entire Japane group of bonds in an unfavorable light with American in- ‘vestors. Domestic Issues Heavy. Domestic issues were quiet and for the most part experienced moderate changes. Some of the junior Tailroad bonds were fractionally higher and others slightly lower. There was no general tendency as there had been previously. Industrials were irregular, with Studebaker Corporation 6s off a point and Armour of Delaware 5%s re- gaining more than Friday's loss of 2 points. National Dairy Products 5%s were fractionally lower. The local trac- tions were heavy. the premium and discount United States Treasury loans were slightly higher. (Copyright, 1932.) BIG GAIN SHOWN IN CAR LOADINGS|? National Railway Association Re- ports 575,851 Total for Last Week, or 38,758 Increase. © B the Associated Press. ‘Thé American Raflway Association announced today that loadings of rey enue freight for the week ending No- vember 19 were 575851 cars, an in- :’y of 38,758 cars above the previous A decrease during the previous week, ending November 12, was due, the as- sociation sald, to election day and Armistice day observance. ~ Loadings for the week ending No- vember 19 was 77,652 cars under the correspording week last year and 203,- 901 cars under the same week two years ago. Miscellaneous freight loaded during the week of November 19 totaled 191,- 919 cars, an increase of 4,670 over the preceding week, but 42,455 under the corresponding week in 1931. Coal, 157,008; -increase, 24,302 and ' 21,209. Coke 4,969; increase 865 and 119 above the same week last year. Less-than- carlot merchandise 171,250; increase, 1,342 over the preceding week, but 37,783 below the corresponding week last year. Live stock, 21,027; increase, 2,670 above the preceding week, but 4,520 below the same week last year. Grain and grain products 29,653; in- crease, 4,563, and decrease, 7,219. Forest products, 16,134; increase, 150, and de- crease, 5,093. Ore 2,991; increase, 196 over the week before but 1910 under the corresponding week last year. CHICAGO DAIRY MARKET. CHICAGO, November 26 (#).— Butter—Receipts, 10,025 tubs; firm; Ccreamery, specials (93 score), 2582515 extres (92), 241:; extra firsts (90-91), 23a24; firsts (88-89), 21a22; seconds (86-87), 18a20; standards (90, central- ized carlots), 2315, Eggs—] ipts, 2,336 cases; firm extra firsts, 33; fresh graded firsts, 3. current receipts, 29a31; refrigerator firsts, 253;; refrigerator extras, 26%. Poultry, alive—Receipts, 10 trucks; steady; hens, 10al12; Leghorn heps, 8%; Springs, 10; Rock Springs, 10%: Roosters, 81;: turkeys, 12al6; ducks, 8a9; geese, 91,; Leghorn broilers, 815, BAR SILVER. NEW YORK, November 26 (Special). ~—Handy & Harman quote bar silver today at 25% cents, off 2. DIVIDENDS ANNOUNCED NEW YORK, November 26 Dividends declared: Extra. Colum & Xenia RR..5c . Cont Gas & EL...$1.80 . Dominguez Oil Fie...35¢ .. Hartford Steam Bil Ins & Ins . P)— . Dec.19 Jan. " 1 Dec. 1 Dec. 1 Bos & Ely Oon Mng.15¢ Increased. Ploneer Gold Mines..6c Q Jan. 1 Stock. Gas Sec Oo........'2% M Dee. Eeduced. Halif Pire In (N 8).45c 8 Jan. Midvale Co..... c .. J Dec. 10 Nov. 15 Omitted. Natl Oil Prod.. o Alieghe Bt Co p! Ba Co 7% b Am Ba Co 7% pi. Amer Hoslery Co.. Arksn P&L ¥7 pi 81, Do. $6 pt BL. . : Binghampion *Gas 614% D 4% 3 Bridgeport ‘Hydr Pow A 0. Can Perman Mtge Chi Do & Canal.$i Com Cr 614t pts1 Bl.. s o ¢ State ‘2% Dpf. $ Domingueb Oil F.1 Duft-Norton Mfe. First Holding Cor (Cal) P! 2300 $L.5 Flor Stove Co' pf..$1.75 Gas Securities Co pf 50c Gold Du $6 pf.$1 .50 Group In 8h_ser A%y Harrisbutg (Pa) Tr $1 Hearst Cons Pub. cl A ;1” - 4% ick RR NJ 49 gtd §1 ttle Miami R R spe .Boc Dec. Nov. Nov. Nov. 15 Dec. 17 ®: 0200 O D © OO POOLOPOOLECO © LLLODPO T > £ b & Nov. 19 Dec. 16 Nov. 2 1 ppmD: DOW OOOOLEO ‘0O £ POO 5! | | | | BOND Hig A 102 Ll 96 21 9731 1014 1015 S UNITED STATES. (Sales are in $1.000. h. Low. 18 1029 10318 10316 96 19 9729 1014 1015 100 25 100 25 108 Sales. High. Abitibl P&P 55 '53 13% Alleghany Cp 5'4¢. 1 r debt discussions| Alleghany 5849, Alleghany 6 '50. .. Allis-Chalm 58 ‘37. Am F P 55 2030 | ‘Am Metal 5348°34. | Am T&T 434839 Am T&T c tr &s Am T&T deb bs Am T&T deb 5s '65. Am T&T 5%s'43.. Argentine 5% Argentine 6s Argentine 6s A ‘57 Argentine 6s B 'S Arm & Co 4%s"29. Arm Del 518 °43.. 20 Atchis 48 1906-55.. Atchison gn 4s'95. AtICL 1st 4862 AtICLcl4s” Atl Ref db bs Australia 4%s'5 | Australia &s '55 Australia 6s 57 Austrian 7s ‘57 B&O4%s'33. B&O4%s'60. B & O ref 5395 B & O rf 58 D 2000. B&OTf6sC’95... B & O Sw dv 53'50.. Batav Pet 414342, 5 Belgium 6% '4 Belgium 7s '55 Belgium 7s '56. Bell Tel Pa 65 B Bell Tell Pa 5s C” Berlin Cy El 68 '5! Berlin C El 635’ Bolivia 75 '69 Rolivia 8547 Brazil 618 "2 Brazil 682 Brazil 7s CR'52... Bremen 7s 35 Bklyn Elev 6% Bklyn Man 65 A '63 Budapest 65762. ... Buenos A R 6 Bush Ter con 5. Canada 4s ‘60 Canada 4%s” Canada §s'52 56 ©an Nat 4%8°68. . Can Nat 68 '69 July Can Nat 53’69 Oct. 3 Can Nor 4%38°35... Can Nor deb 78 '40. Can Pac db Can Pac 4% Can Pac ¢%s Cent Pac 18t Ches Corp s '4T. C&Ogen 44892, C&04%sB 95. C & O con 5839 CB&Qrebs'Tl. CB&Q T11 dv 45'49.. Chi & Est 111 58’51 Chi Grt West 4 Chi Ind&L gn 55'66 C M StP&P 58°75 CM&StPadjbs.. 53 Chi&NW 41482037 3 Chi & NW 4%8°49. 44 CR&NW rf 5s 2037 Chi RIEP rf 4s'34 6 80 631 94% 8315 87 o CTH&SE In 53°60. L] Childs deb 53 4! Chile Chile 68 Chile 6s Chile 7s°42. . Chile Copdb 5847, Chile Mtg Bk 65’61 2 Chl Mtg Bk 6%3°57 12 Cin Un Trm 582020 1 CCC&St L 43%sE "77 35 Colomb 6s61Jan.. 3 Colomb 6s'61 Oct.. 10 Colo & Sou 4%s’35. 3 Colo & Sou 4145’80 9 Col G&E 58'52 May 4 Col Gas&El 5s'61.. 3 Cem Inves 5145 '49. 30 Con G NY 4%s’51. 30 Con G NY 5%s'45. Copenhag 4345 '53., Copenhag 58 °52. Cuba 5%8°45 Czecho 8552 Del&Hud ref 4s'43. Del & Hud 5%s '37 Denmark 4%s'62.. o e S Det Edison rf 58'49. Dutch East I16s°62. 1 Erie con 4896 Eriecv4s A’ Erie ref 5567 Erie ref 58 Finland 6s *45. Finland 6%s ‘66. Finland 78°50.... Fisk Rub $s'41.... Fla E Coast 5s 'T4.. Fram Ind T%s’42.. French Gov 78"49.. French Gv 7%s'41. 10 Gelsenk’hen 3 anBonwmua Ger Gen Elec Ger Gov 5%s8'65 X German Rep 75 "49 45 Goodrich 6%s8'47.. Goodyr Rub 58'67. . Grand Trunk 7s'40. Grt Nor 4%sE‘77.. Grt Nor 6%s Grt Nor gn 7 Greek 6s'68. Halt! 65 °52 Hudson Co: Hud & M rf 55§’ Humble O11 68 '37. 111 Cent 4% s°66. 111 CCStL&N 4%s. I1] CCStL&N 6sA. . Inland St 4%4s A'78 Int Rap Tr rf §s Int Rap Tr 7s'32.. Int& Gt N 55 B'56. Int & Gt Nor 6s'52. Int Hydro El 65'44. Int Pap ref 68 A47. Int Pap 65 °55. Int Ry C A 63%s" Int Tel&T 4%s Int T&T 4%s’52 o 2 » ~Ba Bamanea 21| Kan CF S&M 4s'38 Nov. 20 | Kan C P&L ¢%s'61 2 Nov. 22 | Kan City Sou 3s'50. Nov.id | Karstadt 6s°43. De Nov. 28 | Laclede 5%s C' Nov. 26 | Lig & Myers Ts Dec. 15 | Loew's 654 Nov. 25 | Long Isl rf 4s ;ov. ;! Milan 6%s°'52 ® saRsenrea ol Kan City Ter 456 Kan G&E 4%s ‘80 Lorillard 58 °51.. Lorillard 7s LouG & El 5s A'52. - - = L I T vale 8 Mil B Ry&L 6 l y&L 282888 - 13 107 28 Low. 13% 20 80% 63 94% 831 874 94 13% 4014 18% 20% 5% 19 12% 20 28 17 48 27 96% 82 28% 6% 6% 6% T4 32% 10 10% 101 48 29 28% 8% 52 80 79% 95% 9854 105% 65% 72 38% 91 100 3 33 25% 26 117% 123% 57 103 20% kid 40% ON NEW STOCK EXCHAN Received by Private Wire Direct to The Star Office. 108 Close. 13% 25 20% 13% 8 32% 68% 106 105% 104 109% 108% 40% a2u 42 424 Y ORK E High. _Low. Close. MoPacbsG'78.....5 234" 234" 231 Mo PacSs1'81.... 23 Mo Pac5%8 A ‘49.. Mont Pwr 65 A '62. Montevideo 6s '59. . Montevideo 7s '52.. Nassau Elec 43 °51. N N Y Cent 4s '8 N Y Cent db . NYCrf4%s2013. N YCrf5s 2 N Y Cent ab NYC&StL 1st N Y Edison 53 B’ N Y Edison 6s C ‘51 NYEArf6%s 41, NY EL H&P 4549, 105% 106 1121 99% 8315 10414 104% 104% 8T 94 13% 41 13% 20% 5% 19 12% 20% 28 17 48 27 9634 82 - 28% 6% 6% | 8 61 T4 33% 10% 10% 101 48 29% 2914 8% 52 80 80 95% 987 105% 65% 72 38% 91 100 117% 123% 57 103 80% 53 80 104 NY NH&H 4 % NY NH&H clt 6740 N Y Tel gn 435°39 NY W&B 4%s Nor & Wn cn 4 Nord 633 '50. North Am Co 53 '§1 Nor Am Ed 58 A '57 Nor Am E 514563, N Ger Liloyd 6347, Nor Pac gn 3s 2047, Nor Pac 48°97..... Nor Pacr {65 2047, Norway 515 65. .. Norway 6s 43..... Norway 6s'5 . Oreg-Wash 4s°61.. Orlent Dev 5%s 'S8, Orlent Dev 63 '53. . Pac GRE 53°42.... Pac T&T 1st 58°37. Pan Am Pet 68 °40. Paramount 63 '47.. Param-Pub 5%s 50 Penn 43s D'81. Penncn 4%s Penn gn 4%s E T I PN O Y T P TOL CISL- PP PRI VY PP S P 10215 105% ans 105% 3718 Pere M 1st 455 Peru 6580 Peru 6s '61. . Phila & Read 9. Phillip Pet 5% s 39 Poland 6s 49 . Poland 7s "47 Poland 8s°50...... Porto Alegre 8s'61. Port Gn El 4%s°60. PorRAm T 6s°'42.. Pos Tel & C 5s'53. Prussi *5! Prussia 6%s'51. ... Public Serv 48°71.. PubSvG4%s’6T.. Pub 8v G 4%s'70., Pure Ol 5%8'37 Pure O11 5%s '40 Read Co43s A 97, Read Jer Cn 45 '51.. Rem Arms 6s A '17. Rem R 6% sA"4Tww Rhine Ruhr 6s°53.. Rhine West 6s°53.. Rhine W 63°55. .. v Rio de Jan 63 '53. Rio Gr W ist 4539 RIAr& L 4%s 34, Roine 6%4s'62..... Royal Dutch 45 *45. Rumania 7s'59.... StL IM R&G 4s'33. St L&SF 43 A 60.. StL&ESF4%sT Sao Pau 7s "40.. Sao Paulo 8s '36 Saxon P W 6% Saxon 78 ‘45 Serbs-Cr-S1 Shell U O 58 Sinc Ofl 6338 B '3 Sinc Ol T8 A '37... SincCrO 5%s 38, Sofssons 6s '36...., Sou Bell T&T SW Bell T 5s A '54. Sou Pac rf 4s'55. .. SouPdlys Sou P&Or 4 0 5 000 1 01t 010 09 e D09 1 1 00 B €500 =253 1 i O 1 38 s 10 58 NS 4 03 1 09 50 B0 i 10 2 » ® oBnEaRcunannnaNnneI—AS Sweden 5% s Swiss %846 Tenn E1 P 65 A 47, Tex Corp cv 58 44 Tex &P 5sC ‘Tob P NJ 6%s Toho El Pw Tokio EI Lt 6 Un EIPSL ref 5s°33. UE&P 1st 5% 8 A'54 Un Pac 18t 48°47., UnPac4s’68...... Un P 1strf 5s 2008, Unit Drug 5s°53... Utd King 5%s U S Rubber 55 "47.. UnSt W 6ls A'4T., Un St W 6%s A'51. Upper Austrials'4s Uruguay 6s'60.... Uruguay 6s’64.... Util Pw 6359 ww.. Vanadium St 58’41, Vienna §s'52. Wabash 55 D '80. Wabash 5%s'75 Warn Br Pic 65'39 Warner Sug 78 41 West El db §s "4 West Md 1st 48 West Md 5%5 ‘77, West Un 638 '3 West Un cl tr bs Westphalia 6s ‘53 Wh Sew Mch WII-0 18t 634533, Wil & Co 1st 65°41. Yokohama 6s°61.. Moo s ORIBNNOANTHI—A CRNIDS 1011 1034 9% 5% 101% 103% 9% 5% 100% 48 2 8 ~aSnamnan @~ Grain Market CHICAGO, November 26 (#).—Grain prices turned upward early today, in- fluenced by comparative strength shown by Liverpool wheat quotations and by increased apprehension regarding United States Winter crop prospects. Un- official authorities predicted that at best much of the crop would have short rootage, with top growth insufficient to shade the soil from duststorms. n- ing %3 to 1 higher, Chicago wheat futures held near the initial range. Corn started a shade decline to % ad- vance and continued firm. Ol CHICAGO, November 26 (#).—Fol- lowing is the complete official list of transactions in stocks on the Chicago Stock Exchange today: High. 4 w. Close. 3, 4% 4% hi 800 Cities Serv 100 Comwith 50 Cont Chi Cord Gorp 00 Crane Co 100 Gt Lakes Dredge 250 Lyneh Gon 160 Marshall 100 Mid W Ut Sl FE 3 T - o s I B B 14 | States 13 | Potatoes—] PRICES ON FARM - PRODUCTS MIXED .| Dairy Commodities Gain, hut Live Stock and Grains Down. Special Dispateh to The Star. CHICAGO, November 26.—The Middle ‘Western farmer hassmixed feelings over the condition of his markets at this week end. He is cheered by the highest butter prices of the year, and depressed, at the same time, by further declines in prices paid him for his grains and live stock. Dairy products account for 28 per cent of his income/ on an average, so that the higher rates from butter and eggs enjoyed during recent days is a welcome relief to an otherwise peculiarly dreary position. Butter at 231 cents for 90 score, is over 7 cents higher than the recent low price, and represents a gain of $320,000 for the Central Western producer’s pocket book during the week. Allin all, the week was one of records. Butter has reached the year's highest level. Pork loins have slumped to the lowest figure in 40 yeers. Cattle sold under any price paid since 1911. Grains slipped off again to within a short dis- tance of the historic lows. Markets Glutted. It is a picture of markets glutted with products for which the outlet is narrow, owing to the poor consumptive demand of cities for farm products. There also is injected the further element of contracting foreign markets, finmnularly for our grain and for our ve stock products. Germany and England are shutting off the markets formerly so free for American pork products, and the result is that grains and meats are falling back on a domestic market none too able to absorb them. But the time is not out of sight when all of this may be changed. Studies by the Institute of International Affairs concluded this week reveal that for live stock especially there looms a prospect of shortage that may change all of the calculations of importing and of produc- ing countries. Except for wheat, which préents the prospect for continued overproduction on the basis of present consuming de- mand, there lies ahead an indication of possible early shortage of many farm products. This is because of restrictive measures being applied to production in some countries and to the ruinously low prices paid in others, leading farmers to curtail their production voluntarily. Herds of cattle and supplies of hogs were pictured as decreasing in size in the large producing countries. Thus the institute pictures the not-distant time when there will be a pinch in heavy consuming countries, with the prospect of increasing prices. Effect Too Distant. That is not bringing relief now, how- ever, when so sorely needed by farmers in the Middle West. The decision of two Nebraska judges to refuse to grant the right of foreclosure to mortgage holders holding liens to farmhands, if the farm operator really is making an_effort to work out his debt problem, is having a widespread effect on credi- tors. There is growing up in the Mid- dle West a determination to solve the debt burden without resort of general llor%lng of a change in title to the land. i ‘This is Important for a district so de- pendent upon farm prices for a measure of prosperity. Some one has figured out that the wheat in a loaf of bread today is worth not mére than 1 cent a loaf. Pork loins are selling wholesale at from $7.50 to $8 per 100 pounds, while the hog itself is selling at from $3 to $3.50 for better-class animals. The farmer is getting around 25 cents a bushel for wheat in the heavy, producing dis- tricts, about 10 cents for corn and about 7 cents for oats. ‘The prospect for a larger return to him lies in moves now under way to cut the storage charges on grain and to reduce freight charges for carrying to market. In that fleld of fixed charges lies the one hope for an early increased return to the farmer for his products. (Copyright, 1932.) Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md. November 26— ‘White potatoes, per 100 pounds, 80a1.00; barrel, 1.25a1.50; sweet potatoes, bushel, 30a70; barrel, 50a80; beans, bushel, 2.00 23.00; beets, 100, 1.50a2.50; brussels sprouts, quarter, 6al5; cabbage, basket, 20a25; carrots, 100, 1.50a2.00; cauli- flower, crate, 1.00al175; celery, crate, 75a1,60; cucumbers, hamper, 1.50a2.50; eggplant, crate, 1.50a2.50; lettuce, crate, 2.25a3.25; onlons, 100 pounds, 75a90; peas, bushel, 3.75; peppers, bushel, 1.75a 3.00; pumpkins, 100, 10.00a15.00; spinach, hamper, 30a35; squash, bushel, 1.25; tomatoes, lug, 75a2.00; apples; bushel, 35a1.25; cranberries, box, 1.50a 2.75; grapes, basket, 9all; fruit, box, 2.7583.25; honeydews, crate, 1.25a 1.75; oranges, box, 2.75a3.50; pears, bushel, 50al.75; tangerines, ome-half strap, 1.50a2.50. Dairy Markets. Live poultry—Turkeys, hens, pound, 18a20; gobblers, 15a16; old hens, and toms, 15; crooked breasts, 11a12; young chickens, 10a13; leghorns, 9al0; old hens, 9a14; leghorns, 9a10; old roosters, 8agd; ducks, 10a13; geese, 9al4; guinea fowls, each, 20a30; pigeons, pair, 10a15. ‘Eggs—Receipts, 857 cases; hennery whites, dozen, 36a38; nearby, firsts, 32 a33; Western firsts, 32a33; Southern firsts, 30; current receipts, 30. Butter—Good to fancy, creamery, pound, 21a26; ladles, 14al5; store packed, 11; process butter, 16al7. Live Stock. Cattle, 1,000; steady; steers, good to choice, 5.75a6.00; medium to good, 5.00a 5.75; fair to medium, 4.00a5.00; medium 3.50a4.00; common to plain, bulls, medium to good, 2.75a 3.25; fair to medium, 2.50a2.75; plain to fair, 2:25a2.50; common to plain, 2.00a 2.25; cows, medium to good, 2.75a3.00; fair to medium, 2.25a2.50; plain to fair, 1.75a2.00; common to plain, 1.25a1.75; heifers, good to choice, 4.50a5.00; me- 4.00a4.50; fair to me- plain to fair, 3.00a 3.50; common to plain, 2.50a3.00. Sheep and lambs, 1200; steady; sheep, 50a2.00; lambs, good to choice, egg-u,w; common to medium, 3.00a 5.00. Hogs, 2,500; higher; light, 420a4.45; medium, 4.00a4.30; heavies, 3.70a4.15; roughs, 2.7583.40; light pigs, 4.20a4.45; pigs, 4.20a4.45; Western hogs, 10a20 cents higher than gquotations. Calves, 50; steady; good to choice, i.ggw.oo; common to medium, 3.00a U. S. POWER OUTPUT INCREASES FOR WEEK NEW YORK, November 26 (P)— Electric power production in the United States was up 11,000,000 kilowatt hours last week, the National Electric Light Association said. The Pacific Coast region’s production was off only 7.6 m cent, as compared with 10.9 for same week last year CHICAGO POTATO MARKET. CHICAGO, November 26 () (United it of Agriculture).— 195 tota: Gnited States shipments, = Vi CURB PRICES OFF ATSESSION'S END Closes Lower After Mixed| Opening and Rally in First Hour. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, November 26.—The | Curb Exchange closed lower today, after | opening irregularly and rallying near | the end of the first hour. Trading was slightly more active near the end. Electric Bond & Share reacted after a fractional gain. - Cities Service barely | moved. National Sugar Refining of New | Jersey eased. Great Atlantic & Pacific | Tea opened up 5'; points just & lewi minutes before the g rang. | FINANCIAL. N. Y. CURB MARKET Received by Privite Wire Direct to The Star Office. Sale— Add 00. 1 Stock and Dividend Rate. Acme Wire vtc. ... Allled Mills....... 1 Aluminum of Amer 5008 Am Austin Car.... Am Cit PEL A (a3) AmCitlesP& L B.. Am Comwlith Pw A Am El Sc pt pf new. Am Equities. . AmGas & El (11).. Am Superpower... Am Super 1stpf 6.. Arcturus Radio T.. Arkansas Nt Gs A. Ark Nat Gas pf.... ArkP&Lpf (7)... Asso Gas & Electric AssoG&EADbDI%. Atlas Utlittes. ... Atlas Utll war, Blue Ridge........ Buft N&E pt (1.60). Burco Inc war..... Canadian Marconi. Chain Stocks Harden. Chain Store Stocks, Inc.,, was a shade better as securities in its portfolio hard- | ened. The oils, under leadership of | tandard Oil of Indiana, pointed up-| ward in the final stages of the session. Standard Oil of Kentucky firmed. The first half of the session was helped by the greater than expected in- | crease in weekly carloadings. This news item, however, was not reflected in the small group of carriers that are listed on the Curb. It was the gold| shares that featured first-hour dealings. | Lake Shore Mines was whirled to new heights for the year. Teck-Hughes, Hollinger and Pioneer Gold turned active. Aluminum Co. of America ad- vanced about 2 points on this bulge. A. O. Smith, among the specialties, opened up almost a point. Among the higher-priced public util- ities Consolidated Gas of Baltimore and | Ccmmonwealth Edison firmed. A spurt in American Gas & Electric followed | publication of earnings for the 12 months ended October 31, which equalled $2.55 a share on 4,146,168 com- mon shares, against $3.90 a share on 3,985,364 common shares in the previ- ous year. Sherwin-Williams rose fractionally. Rochester Gas & Electric opened up 3 points. Walgreen was down slightly on its first few trades despite rumored merger negotiations, which lacked offi- cial confirmation here, between that company and Liggetts. Deere Shares Helped. Betterment in wheat early in the session helped Deere & Co. United States Playing Card eased on relatively few offerings. - Aside from dealing in Stutz and Ford Motor, Ltd., the motors were dull, though trade advices emphasized the | stepping up of production in that in- dustry. Royal Typewriter made one of its infrequent appearances at 6%. New | York Steam, which was ex-dividend today, lost several points on its first trade. 1932.) (Copyright. Cotton Market Spectal Dispatch to The Star. NEW YORK, November 26.—After a further improvement of about 10 points, the cotton market again met liquida- ting pressure today and the list closed around the bottom with a loss of 1 to 5 points on the day. Most_of the day’s trading occurred at a slight advance, but weakness in the stock market toward the close had a sympathetic influence here and in| New Orleans. Spots were unchanged | at_5.90. L Interest continued to be centered in | sterling _exchange developments and | their effects upon forelgn prices of commodities. The extreme weakness which developed after the close of the Liverpool market yesterday resulted in an 1mpmvementh’;n px‘lce‘; on the for- eign exchange this morning. Exports during the week again fell behind last year, amounting to 170,000 bales compared with 229,000 a year ago. This brought the season’s total | to 2,819,000 or only 124,000 ahead of | last season, whereas the excess was| nearly 500,000 at one time during the i Fall. The unsettled sterling exchange market and heavy cost of American dollars, when measured by the depreci- ated pound, has operated against free importations of American cotton of late. | Qen. High. Low. | Close. 587 501 3% @04 603 613 w14 620 628 638 62 (Copyright, 1932.) METAL MARKET. NEW YORK, November 26 (P).— Metals nominally unchanged. July October . CHICAGO LIVE STOCK MARKET CHICAGO, November 26 (#) (United States Department of Agriculture) — Cattle—Receipts, 300 head; compared week ago, all yearlings and common and medium grade weighty steers 50 lower; better grade weighty steers 25 off; she-stock generally 25a50 lower; mostly 50 off on all heifers, with cutter and fat cows 25 lower; bulls weak and vealers steady; stockers and feeders closed 2550 down in sympathy with break on fat steers; International Show rejects comprise liberal share week end run, selling mostly at 7.00a7.50, with best 8.00; latter price extreme top for week, with show-reject yearlings at 7.75; general run fat steers, 5.25a6.75; average cost around 5.75; prices being lowest of season. Sheep, 2,000 today’s market nominal; for week ending Friday 36 doubles from feeding stations; 5,900 direct; fat lambs and most yearlings 25-50 higher, spots up more; slaughter ewes strong; feeding lambs 15-25 higher; better grade fed lambs predominated. Closing bulks follow: Good to choice mative lambs, 5.75a6.25; several strings well finished 80-85 pound fed Westerns, 6.40a6.45, to packers and shippers; within 5 cents of recent peak; 97-pound weights mak- ing 6.00; outstanding 80-pound yearling wethers, 5.35; fat ewes, 1.50a2.25; few 2.50. Hogs, 5,000 including 4,000 direct; mostly steady with Friday's average: few light lights weak to 10 lower; good to choice, 160-280 pounds, 3.40a3.45; top, 3.50 for 160-pound averages; other classes scarce; compared week 0 mostly steady; shippers took 500; hold- overs, 1,000; light lights, good and choice, 140-160 pounds, 3,40a3.50; light weights, 160-200 pounds, 3.35a3.50; me- dium +weights, 200-250 pounds, 3.35a 3.45; heavy welghts, 250-350 pounds, 3.20a3.40; packing sows, medium and good, 275-500 pounds, 2.70a3.10: pigs, ggosdfi and choice, 100-130 pounds, 3.25 83.65. Market Averages By the Associated Press. 3 £3 5 g H B 3 Cent HudG&E(80¢) Cent PubSvc A.... Cent States Elec Chain Stores Stk T DTN OB DI ® e D e 00 N RATE FOR TIME MONEY CONTINUES RECESSION By the Associated Press. The average rate for time money con- tinued to show a slight recession during the week ended November 19, but call funds remained unchanged. In the table that follows the average rate for both classes of money is given for com- parable periods, as reported by the Commerce Department: Week ended November 19, time, 0.50; call, 1.00. Previous week, time, 0.55; call, 1.00. : :gnme week last year, time, 3.75; call, BONDS ON THE CURB 88 oo R las A '55 Y35 '44 C 3s A 55 b5 mwwmwn Suagsestussensy sussagasy o FEE E e s e e S3zazeone WEE e s SNaw 8 16Cit Sry Pw blas 5 Cleve EI Il Bs SErhmore S E S S et o4 61% 180% 100% an O3 ROk TN 09 99l 8014 i 41 85 87 4 Guif 8t 72% 1Gull 5 Ut 4398 B i 1 Hood Rub bi% He be. 4042 50% ndnp Fa nsull Ut_6s 4 Intersta Pw b P & oppers G'C 58 3 Koppr G&C Blas ‘50 4 Lehigh P 8 0s 2026 1 Star a8 63 °4 P & WSS 3 222235 R R0 3B - L3 W - 23! 20 BB BR2RSERES! £EEE " 25000000 00mn:S 33101000 DERE®11I10DNRS_ BD: RS A R R R 2R A SR IR AR oo SEE SR IRER 2SR 1 FROEEERR r Zanzess & b33 Y s 2253 e - & FERORR FEE &8 FUIYTYDY 2T FEFFREF R P o 0" DR LEERRE 4. > QI 22525325 33uege. saanh 5 SN s GOt I D D D B D R RO S 2050 g gacacy S8 2 2 :!E» et S OEEEE poes 2: Bery (] H Q, ! £) FEFSTF SPERRRSE R Ty S22 OF 3 B > E ECckia- - nmon's 2R e aRR 328223223238 © SR 2283325850533 S 353 & 58 L ag! 277 crogey’ e ey 58 s WA ¥ E A SeagesSizassas * BESR! s 95 55 & ] ) Sase SRS F &R F 2EY "ol FREE o 882200 TE S LSS 3 o 53 So. 8020 Jasen & gz S ES n—New. iw—When issued. YOU DON'T HAVE TO PUNCH A CLOCK if you have the punch. Pgr information address Box 313-R, Star First Mortgage Loans P o - :,q,a Zagas 2ESER 3 yes 5 years ago. High, 1032. w, 1932000 High, 1931, 1140 W, High, 1030, Low, 1930... i cot3Emasisots PHORO! N3 Iamiatwis DO AR Elaken REEREE Rt 4 8 ] & ssasezsd aat! 222, PeeRRREd, ong Lowest Rates of Interest and Commission Money on Hand to Loan en First Deed of Trust 6% Interest Reasonable Commission and Dlamiston 1 m Babaassaacaa: SRINIXBITIZEY PR stateaan o300 R st ShBroBeLRERRaE R Al Eass paazzaneaner 2 e e o Mmb JAMES F. SHEA 643 Indiana Ave. N.W. 14 | Citfes Service. Stock and Dividend Rats CelG& Ecv p! Col O1] & Gas vtc. %) Comwith Edis (5) Comwith & Sou w: Cresson Cens(klc). Darby Petroleum. . Deere & Co........ De Forest Radlo. .. Duval Tex Sulphur. Eisler Elec Corp. .. Rl Bd & Share b6% 10! BI Bd & Share pf 6. Elec Shareholdin Elec Share pf ww Tisk Rubber (new) Ford M Ltd. . General Alloys. ... Globe Under (k20c) Gold Seal El new. .. Goldman Sachs Sale— Add 00. High. Low. Cl 3% 3 3 7 2 3 1 1 1 1 8 1 : 4 8 1 1 1 2 4 3 1 1 e e Great A & P n-v(17) 308 150 8 29% Gulf Oil of Pa Hecla Mining. Hollinger Gol c IMP&LDL(6).... Insurance Sec..... 4 9 508 36 1 % kLY 5 IntHy EIScpf3% 258 15 2 9% Iat Petrol (1) Interstate Eq cv pt Interst Hos (k65c). 672s Kerr Lake. Knott Corp. Lake Shore Min(t Lone Star G b64c. . Long Isl Lt pt (7). Midl West Utllities Mid WU v pf n xw Mo Kans Pipe L... Mountain Prod 80c. Nat American. Nat Aviatio Nat Bellas Nat Bnd & Sh Nat Datry pf A (7). Nat Fuel Gas (1) Nat Invest war. Nat Service. .. Nat Sugar NJ (2). Nat Union Radlo. .. New Process Co(1) N Y Steam (2.60).. Niag Hud Pwr 1.20. Nipissing. . Nitrate Chile B. ... North & So Amer A Ohlo Brass (B) RochG&Epf D Royal Typewriter.. St Anthony Gold. k Consol. . Salt Creek Prod (1) Selected Industries 1 14 6% * 20s 78 o G O RO D IO CO N OO 1 O 1O 1 e 09 bk 8 12 5 Shewin-Willms 1% 100s Silica Gelet... Smith (A 0). 2 Sou Pipe Line(60c) Stand O1l Ind (1)... Stand Ofl Ky 1.20 Stand P&Lt B 1.20,, Stand Stlver & Ld. . Stutz Motor Car. .. Tampa Elec 2.24. . ,. ) 4 | Tri-Cont Corp wr. TriplexSGp2 9-100 Utd Car Fast (40¢c) United Corp wi United Founders Unit Gas pf (3%).. Unit Lt&Pwr (A).. Utd Profit Shar. U 8 & Intl Seoc.. US Play Card (1).. UtlP&Lt.... ‘Westvaco Ch p! ) Wright Har t17%ec. “Y” Oll & Gas (A).. 00s 2| 1 18 » B o B0 ot = S R 4 | and buildin »¢ “A—13 HIGH FIGURES riLk NEW YORK REPORT |Enormous Totals City Faces Is Incomprehensible to Average Person. Special Dispatch to The Star. NEW YORK, November 26.—The fig- | ures set up n the report of Controller Berry on the financial condition of the | City cf New York are of a size incom- prehensible to the average man. Units « | of measurement are in hundreds of mil- lons and billiens of dollars. Take, for instance, the value of city- owned property. This includes schools of all kinds, parks, water- ‘ways, property acquired for watershed purposes, subways, docks and bridges. These are estimated to be worth $3,000,- 000,000. The gross funded debt of the city at the .present - time is $2,333,706,091. or more-than twice the United States Gov- ernment debt r to the war. This gross debt is reduced to a net funded debt -of $1.836,356.246 by the sum of $839,291,2%8, whiich is self-supporf and eonsists of water, rapid transit an dock bonds from which revenues are payable to the cit; ‘The assessed val- uaticn of taxable ty within the city 4 | of New York is $19,616,934,930, Pay Cuts Proposed. __The tax levy of 1932 should produce, if it is fully collected, $535,534,293. This |is a larger amount than the Federal | Government is likely to collect this cal- endar year from individual income taxes. The pay roll of the city is under- stood to be approximately $30,000,000 a month, or $360,000,000 a year. One of the proposals of Cq:n.ro!]er Berry in his economy program %5 for an adjustment with respect to the salaries and wages : | of city employes in the higher brackets. It is expected that the cut will aver- age 10 per cent with no incomes under $2,000 to be affected. Tax valuations for 1932 are believed to be reducible by $1,750,000,000 if con- ditions warrant it, “without financial embarrassment to the city.” Already reductions miade in 1933 _valuations, compared with those of 1932, aggregate nearly $887,000,000. ‘The record of New York City taxpay- ers for paying the levies on them is one of which Controller Berry is reasonably " gmud. He states that taxes collected 7 the city during the past two years “compare more than favorably with the # experience of any other of the large & | recent discussion of cities throughout the country, of any State in the Union, or of the Federal Government itself, or of any other large corporation.” Reassures Bondholders. On this record he takes the stand it always has done.” has already had a pronounced effect in recovering some of the losses that New York City bonds incurred during the the critical state of New York City finances. One of the new sources of income is expected to be tapped, in order to fect a more complete balancing of New York Cn%budxet, is that of lis on what are now Gl FIRST MORT .SE‘SURITI!S on Nation's itions as Lew Payments_If FENNER, BEANE « UNGERLEIDER «ANNOUNCE the removal of their offices to the SOUTHERN BUILDING Ground Floor 15th and H Streets N.W. Telephone National 7000 November 26, 1932 A COMPLETE INVESTMENT AND BROKERAGE SERVICE IN THE WORLD'S MARKETS SAFE Over a Third of o Gentury Without a Loss to an Investor. FIRST MOR TGAGES AN INVESTMENT THAT in our IS FAVORABLY RECOGNIZED If you will put your surplus funds ¥ 6% FIRST MORTGAGES you will be placing them at worl— for a definitely specified interest —carrying 6% continuously, during the entire period. First mortgage on improved Washington real estate, which has been conservatively appraised, is back of the principal. May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. NNW.