Evening Star Newspaper, November 29, 1932, Page 14

'VA 14 =¥¥ FINANCIAL WASHINGTON GAS - OCTOBER NET OFF Georgetown Gas and C. & P. § Telephone Companies Also £ Report Lower Earnings. THE EVENING STAR. WASHINGTON, FINANCIAL BRITISH FORESEE §3 STERLING LEVEL London Expecting Burden to Fall Mainly on Gold Standard Nations. D. C., TUESDAY, NOVEMBER 29. 193 TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE are not given in this edition. 's paper. NOTE—Today's individual sales Sales of each stock in this edition are from yesterday’ ~Prev, 1932~ Steck and Bales— High. Low. Dividend Rate. _ Add 00. High. 98 68 Abram Strauss pf (7) 60s 85 914 1% Adams Express . 21 5% 4% 1% Adv 8 2 3 161 4% L 9 9 6315 307 Air Reduction (3)... 11 541 16% 7% Alaska Juneau (50c). 147 8% % Alleghany Corp...... 1% 3¢ Alleg Corp pt $30ww. 3 5% Allegheny Steel. ..., 10 4215 Alifed Chem & D (6). « Amal! Leather. ¥ BY EDWARD C. STONE. 12 Amerada Corp (2)... ‘Three very important financial state- ki 31 Am Ag Chem (Del).. . ments were filed today with the Public 5 Am Bank Note...... ¥Utilities Commission—one by the Wash- 1 Am Beet Sugar pf. .. ‘ington Gas Light Co., another by the 615 Am Brake Sh&F (60c) Georgetown Gas Light Co. and the third 29% Am Can (4).. P N by the Chesapeake & Potomac Tele- Am Can Co pf (7). 10 phone Co. ' | ‘Am Car & Foundry. . : After interest and all other charges. Am Car&Foundry pt. the Washington Gas Light Co. reported | 81 2 Am Colortype a total net corporate income for Oc- Am Come'l Al iy tober, before dividends, of $51,269.56, in Am & Forelzn Pwr. . comparison ith $71,237 in October, Am&Foren Pw pt(6). Operating expenses for the month Am & For Pwr 2d pf. fotalid $304.659. against $312,827 in the e S ke period a year ago. Expenses were | 'A\’" }(0"19 Prod 4.20. $8,168 lower and operating revenue: m I“‘ U)--‘- e were lower, amounting to $457.912, i A comparison with operating revenues in Am LaFr & ‘"“l(’ . October, last year, of $475.692. S Locwmatlvent s Taxes in October this year called for Am 3'“?,',‘“; (o). $34,035, against $26,824¢ a year ago. ;\m ‘\:HQ e il Uncollectible bilis were larger, leaving s st by an operating income of $116,412, against el $134,446. Non-operating income de- A . creased from §: 10 $4.199 this year. e i Jeaving a gross corporate income in October of $120.611, compared with | menth a year ago. for Oc- 2gainst NOTE—Today's individual sales are mot given in this edition. Sales of each stock in this edition are {rom yesterday's paper. ~Prev. 19 Stock and Sales— Net High. Low. Dividend Rate. Add 00 High. Low. Close. Chge. 17% 8% Standard Brands (1), 23 14% 144 14% + % | 110 Stand Brands pf (7). 1201 12012 1201 tand Ga c (2) 1 144 144 — % pL(4). 1pf (6). nd Oil Calif (2 tand Oil Exp pf (5). nd 01l Kansa 12). cur pf.. NOTE—Today's individual sales are not given in this edition. le b stock in this edition are from yesterdsy's paver. Low. Close. Chg 17% — 12 154 St 15 4114 NOTE—Today's individual sales are not given in this edition. Sales of each stock in this edition are from yester: ~Prev. 1932~ __ _ Steckand __Sales— 2 Net High. Low. Dividend Rate. Add 00 Bigh.” Low. Close. Chge. 11% U S Realty & Imp 120 % 4% 8 104 U S Rubber. 4% 4 22% Smtg & R 4% 1% 525 Steel. .. 33% 328 13 . 691 67 Tobacco (4.40) .. 58 57 United § 3 % Univ Leaf Tob (2). 24 Utah Copper 52 5 Util Pwr & Li 3% 14 Vadsco Sales Corp... 51 Vanadium Corp. ... .. 20 Va-Car Chem 7% pf. 60 Va Elec&Pw pf (6) Stock and Dividend Rate. 10% Gillette Saf Raz (1). 7% Gimbel Bros. . g Gold Dust (1.60) Goodrich (B F) : 2 Goodyear Tire&Rub. Goodyear 1st pt (7).. ctham Silk Hosiery. Graham-Paige Sales— Add 00 High. 40 13 31 7 10% 1t 233 9% 90 % Stone & Webster, 215 Studebaker Corp 1047 30 Studebaker pf (7)... 91 68 _Sun Oil pf (6).. 4% 1 Tennessee Corp. 181 9% Texas Corp (1). 26% 12 Tex Gulf Sulph (2). 10 her Mfg Co. orthern Ore. 3% Great West Sug. . rigsby Grunow G Hahn Dept § % Hartman Corp (B). Havana Elec Ry pf.. 21 Hawaiian Pineapple. 14 Hayes Body. 57 Hershey Choe pf( 110 Homestake Min(f10) 8% Houston Oil. 1% Houston Oil (new). 5 Howe Sound (40¢). ide Water As pf (6) 8 Hudson &Man 3 . % Timken-Detroit Axie 274 Hudson Motor Car "imken Roller Bg (1) 113 Hupp Motors. . g 4 Transamerica Corp. . T nsue & William: Illinois Central. D o Tllinois Cent 11 (4)... g Gorgs Industrial Rayon (2) spEroducias, Ingersoll-Rand (2).. - Inland Steel. . Inspiration Copper. . Insuranshares (Del). Insuranshares (Md). 4 Interboro Rap Trans. Int Aggiculture pf... Int Bus Machine (n6) Int Carriers Ltd 20c. 4 Int Combustion. . Int Combustion pf. .. Int Harvester (1.20) Int Harvester pf (7 Int 1 o-Elee (A) Int Nickel of ruit (2 2 Int P Pwr (A). 9 it Gas&Im (1 Pwr (B). 3 S & Forn Secur. . Int Paper & Pwr (C). g & 2 7S & Forn Sec pf Int Paper & Pwr pf.. J S Hoffman. ... 2014 Int Shoe (2). 7 S Indus Alcohol 137 65 26 Int Silver pf (4) :Sl.rn(}\rr.. 179 15% 23 Int Tele & Teleg. S Leather (A) Abe 33% 10 Johns-Manville. ipe & Fdry DESPITE STERLING o 4% % Kelsey-Hayes Wheel, @ 10% 2% Kelvinator Corp 19% 47 Kennecott Coppe Volume Not Large Enough to Indicate Any Decided By Cable to The Star. 63 LONDON, November 29 — Sterling 0 v 8274 % | continued its quiet slide to another new 7% Vulcan Detinning. 16% %|low level today. There was little evi- :::nh?s;; !kgu. A 9 i'; % | dence of bear speculation, but importers ard Baking " Ve y Wit B os Dieturans . 1% were covering early commitments on a Warren Bros........ 4 substantial scale. Webster Elsenlohr 1 Three-dollar sterling is generally es 3] . 47 1 114, e S ;Ex S - 7 1,‘ anticipated, failing a last-minute change Western Maryland. 5 1, | In the attitude of Congres; t-ward post- 3 ponement of the December 15 war debt payments. But public sentiment here is 1, | undismayed, considering thet the dis- cdvantages of $3 sterling are likely to fall most heavily on the gold standard 12 hompson Starrett. ide Water Asso Ofl. Western Union. ..... s « % « Westing'se Air B(1). Westinghouse Elec. . Westvaco Chlorine Wheeling Steel...... 9 9 g P ‘cogx;llnts. Wheeling Steel pf. 2 | ree million pounds in gold leav Wilcox Oil & Ga: | England for New Ycrk tomorrow. 'n:: Willys-Overlana 1% | purpose of the shipment has Wilson & Co dls\fl“m‘d- oo Wilson & Co (A). Meanwhile the delay in presentatio Wilson & Co pf. | of the second British note on war debts Woolworth (2.40) 357 35 ;| indicates the desire of the cabinet to Wogthington Pump. + | make its statement for suspension of Worth Pump (B) : | payments to the United Statss compre- Wrigley (Wm) (3 hensive and unanswerable, Informed Yale & Towne (1) quarters are not expecting a favorable Now Truck. . reply from Washington and incline to AN the View that the British Government w o pay er pry Zonite P'roducts. . - gt F ISR AH 5 nouncing that no further payments are Saies of Stocks on New York Exchange. possible. However, cpinion was influ- 10:30 AM.. 100,000 12:00 Noon. . 200,000 1:30 P.M.. 300,000 2:10 P.M. 100,000 Dividend rates as given in the above table are the annual cash payments based on the latest quarterly or half-yearly declarations. ., Unit of trading less than 100 shares. {Partly extra. iPlus 4% in stock. & Paid this year—no regular_rate. b Payable in stock. = e Payable in cash or stock. {Plus 8% in stock. hPlus ool Stock: 1Plus S1 in special preferred stock. Kk Plis 3% im stack. aid Jast year—no resular rate. % g stock m Paid las Tate. nPlus 5% in stock. O 1 16 0 Foacwen o S 11-Fisher(50c). : Union Bag & Paper. . Un Carbide & C(1.20) Un Oil of Calif (1). Union Pacif Un Tank ¢ Unit Air Unit Air N 5010 91 60 00 D 80 m100 %0 Smelt & Ref. eit & Ref pf. . melt&Ref 2d pf. 44 33 300 101 ar Store nit Corp (40c). nit Corp pf (3) 3615 i 301 301 12t 24 ® by 4% 105% 104% 1047 2 59 571 14 61% 591y 12% 112 111% 443 Am Sugar (2 Am Tel & Tel (%) Am Tobacco (16) Am Tobacco B (16. Am Tobacco pf (6) Am Type Fdrs pf Am Water Wks (2).. Am Wat Wkscfs(2)s 5 Am Wat W istpf(6).8 1 Am Woolen pf. .. Anaconda Copper. 4 Anchor Cap (1.20) . Anchor Cap pf (6%). Armour of 111 (A). Armour of Il pf. Arnold Constable Art Metal Construct. Associated Apparel. . ‘Assc Dry Goods. 81 Associated Oil (1). 11 Atchison 5 3 9 29 Atlantic Coast Lin 3 Atl Gulf&W Ind pf % Atlantic Refining(1). : Atlas Powder pf (6). Auburn Motor (£4).. Avation Corp (De for 10 Months. The gas company also reported earn- dngs for the first 10 months of the present wear. Net corporate income before dividends totaled the substantial isum of $848,952, against $913,355 in the first 10 months of 1931, a decrease of 864.403. Gas operating revenues for the 10 months amounted to $4,817.685, against $4,898,177 last year. Operating ex- penses called for $3,008.340, compared with $3,030.195 last year, leaving net operating revenues of $1,809,345, against $1,867,982 in the like pericd of 1931. s required $291,091 in the 10 s, compared with $271.867. Non- operating income reached the sum of 85, leaving a gross 1 of $1.545272, whie the same item last year totaled $1,590.- 661. Interet and other charges took $696,319, against $677,306 in the same pericd of 1931. Business conditions and rate reductions are the chief causes of the lower figures. Georgetown Gas Net Lower. The Georgetown Gas Light Co. today reported a total net income in October of $4,941.24, compered with $14.903.42 in October, 1931, a drop of $9,962.18. Operating expenses for the month totaled $92.952 sgainst $83.386, in the | enced today towards ncnpayment by. a carefull; amed declaration in this sense by Sir Walter Layton, the eco- nomist. Gilt-edged bonds recovered fraction- ally today, with a slight subsequent re- cession. “Market sentiment favors pay- ment of the December 15 debt instail- ment on the traditional argument of maintenance of British credit. The whole market, however, is holding up remarkably well, with the volume .of business continuing to decline. (Copyright. 1932.) NEW YORK BANK STOCKé NEW YORK, November 29 (#).— Over-the-counter market: (Quotations as of 2 0'Clock.) BANKS. Chase National (2) mmercial (%) Fifth Avenue (44°). First National (100) Manhattan (7) ... National City (2 f " 5 15 Kinney ( 19 + Kresge (SS) Co (1). 18% Kroger Grocery (1).s 56% Grain Market ! ? CHICAGO, November 29 (#)—Re- flccting a new record-breaking smash of the British pound sterling, wheat today ‘quickI:.' went to within iy cent of the all-time bottom record. Wheat pfice&,‘puhhc @) 3T however, rallied almost at omee. Open- | TRUST COMPANIES. ing irregularly % off to Y4 up, wheat! piniers () | later steadicd at about the same as yes- | Brooklyn Trust (10) | Central Hanover (7%} v terd: finish. Corn started unchanged | Chemical (1.80) ... Basic Trend. to 3 lower and afterward recovered | com poihangs-(4) somewhat. N Empire (1.60).. . Guarenty (20) 1] Helping to give comparative stability | Irving (1 G0} to grain values in the face of big fresh | New York Tru breaks of British exchange were pre- 10 25 1 1% Cotton Market Tambert Co (15).... Lee Rubber & Tire. Lehigh Val Coal pf. . h Valley R R.. NEW YORK, November 29 (). —Cét- n Corp (2.40). | ton futures opened steady, 2-5 lower under liquidaticn due to lower sterling and moderate Southern selling. De- cember, 5.64; January, 5.6 March, gi]fz) May, 5.88; July, 5.96; October, Offerings were light and the market steadied after the call on trade buying and covering. December sold up from |5.64 to 5.68 and May from 5.87 to 5.92, and the list showed net gains of a point or two at the end of the first half Eoonr Little Southern selling was in evidence 10 208 5 23 P 13 37% 2 TS 18 19 = 0 1S 1 Liquid Carbanic. . Loew's Inc (Y).. Loft Inc Loose-Wiles Bi Loose-Wiles 1st (7) Lorillard (P) (1.20).. Lorillard (P) pf (7). Lou Gas&EI A (1%). Louisville & Nash. .. Baldwin Locomot. 5 12“ Baldwin Locomot pf. 1508 1' 8 - ¢ Baltimore & Ohio.... 33 & :)i‘ Baltimore & Ohio pf. 1 L 4 Barnsdall Corp...... 3 oo Bayuk Cig 1st pf(7). 50s - Beatrice Creamery 384 ' s BY GEORGE T. HUGHES. Special Dispatch to The € | Bew Tux T ) a5 NEW YORK, November 29.—Stocks United States (§0) L1480 1580 like pericd a year sgo. While expenses were higher, operating revenues were lower, amounting to $103,769, in com- parison with operating revenues in October, last year, of $104.801. Taxes in October, this year, called for $3.244, against $3295 a year ago. Un- collectible bills were larger leaving an operating income of $7,076, against $17,853. Non-operating income increased frcm $1,608 a year ago to $2,393, leav- ing a total gross corporate income in October of $9.469, compared Wwith $19.461 in the like month a year ago. ‘The gas company also reported earn- Ings for the firgt 10 months of the pres- ent year. Net corporate income before dividends totaled $95. again $108,- 995 in the first 10 months of 1931, a decrease of $13,840. Gas operating revenues for the 10 months amounted to $1.001,417, against $975,138. Operating expenses called for $844,578, compared with $803,321 last year, leaving net operating revenues of $156,839, against $171,817 in the like period of 1931. Taxes required $27,584 in the 10 months, compared with $29,- 218. Non-operating income reached the | sum of $16,277, against $15,942, leav- | ing a gross corporate income of $140,- 705, while the same item last year | totaled $155002. Interest and other | charges took $45549, against SQG.DUG; in the same period of 1931. | C. & P. Revenues Are Lower. The Chesapeake & Potomac Tele- phone Co. reported a total net income, before dividends, in October of $125,- 470, compared with $227,665 in October, | 1931. Total operating revenues were | $772,459 against $807,083 in October, 1931, while operating expenses totaled $549,820 in comparison with $520,348 | in the same month last year, leaving | net operating revenues of $222,639, | compared with $286,735 a year ago. | Total operating income for October was $154.812 as compared with $218.215 | for October, 1931. This was a decrease | of $63,403 Net telephone operating revenues for | the first 10 months of the year were decreased $243,145 from the same period in 1931. Total operating income for the 10 months ending October 31 was $294,477 | less than for the same period last year. | For the first 10 months of 1932 this operating income was $1,637.010. | Total plant in service at the end of | October amounted to $33,262.458, as | compared with $30,963.828 for the same date last year, an increase of $2,298,630. There was a gain of 557 phones con- nected during the month i Lower net earnings of the company. together with the larger amount of | plant in service reduced the annual | rate of net telephone earnings in rela- | tion to the average plant in service to 5.86 per cent for the first 10 months | of 1932, For October this figure was | 5.35 per cent Telephone users during the month | 140 Belding-Hemingway. Bendix Aviation. Bethlehem Steel. Bethlehem Steel pf.. Bonn Alumn & Brass Bon Amia (A) (15).. Borden Co (2) Borg Warner. . Briges Mfg Co. Bkyn Manhat Tran. . 3 Bklyn Man Tr pf (6). '3 Budd (EG) Mfg..... Burroughs AM(40c). 12Y% Bush Terminal pf(7) tterick Co. Canadian Pacific. . Case (J 1) Co.. Caterpillar Trac 50c. Cent Aguirre (1%) Century Rib Mills. Cerro de Pasco. Checker Cab Mfg Ches & Ohlo (2%). Chesapeake €orp (2). Chi Great Westn pf. ., Chi Mil StP & Pac pf. Chi & Northwestern. Chi & Northwest pf.. ChiRock I & Pac.... Chi R I & Pac 6% pf. ChiR1é& Pac 7% pf.. 5 Chicasha Cotton Oil.. 4 Chiids Company . Chile Copper. Chrysler Corp (1) City Ice & Fuel (2) City Ice&Fuel pf 6% . City Coca-Cola Co (T Coca Cola (A) (3). Colgate-Palm-P (1 Colo Fuel & Iron. . Colo & South 1st pf.. 60s Columbia Gas (b1) 22 ; Columb Carbon (2) 17 Commercial Credit.. 6 : Comel Cred pf (1%). 30s Comcl Cred 1st(6% ). 2008 Comel Inv Trust (2). 5 Comel Solv (60c) ... Comwlth & Southn Comwlth & Sou pf(6) Congol-Nairn (60e) . Consol Cigar........ Consol Cgr pr pf 6% . 2208 Consol Filmpf...... 1 Consol GasN Y (4).. 61 Consol GasNY pf(5) 6 Consol Laund 50c. Consol Oil Corp. Consol Oil pf (8). Consol Textile. & Container Corp (B).. 2 Contl Baking (B).... Contl Baking pf (6).. Contl Can (2)... Contl Insur (1.20).. Cont Motors. ... g Contl Oil (Del) 55% 24% Corn Products (2). 2 Corn Prod pf (7). Coty, Inc. Cream of Wht( Crown Cork & Crucible Steel pf 46 T 11% 62 214 621 61y 23 4 283, 603 4 31 46% 20% 9 20% 20 38 1914 224 64 874 13 24 26 30% 161 221 9 20% 447, 42) 37 4715 109 5% 11% 10 2 914 Ludlum Ste 20 ) s pf (6). 13 Melntyr Por M($1%) 28 McKeesport T P (4). McKesson & Robbins McKesson & T McLellan Stores Mack Trucks (1). Macy (RH) & Co (2) Mallison & Co. Manati Sugar. ... Manati Sugar pf Manhattan Elev gtd. Manhat Elev mod gtd & Manhattan Shirt Mathieson Alk (1%). May Dept Stores (1). Mengel Copf........ Mesta Machine (1).. Met-Gold Pic pf 1.89. Miami Copper....... Mid Continent Petm Mo Kan & Texas. .. Mo Kan & Texas pf.. Missouri Pacific pf.. Monsanto Chem 1% Montgomery Ward. . urray Cor 2% 13% 3y 2 8 Nash Motor: at Acme Co. . at Bella Hess pf. at Biscuit (2.80) Cash Reg (A) at Dairy Prod (2). at Dept Store: at Distillers. Nat Pwr & Nat Steel Nat Tea (60c). Neisner Brothers A Con Copper. Y Central. .. Y Chi & St L pf. NY& lem (5)... Y N H & Hartford. Y N H & Hart pf... N Y Ont & Western. , Noranda Min (21.10). Norfolk & Southern.. Norfolk & West (8) orth Am Aviation. . or Amer(b10% stk)., orth Amer pf (). orthern Pacific Ohio O11 ( Yo 13 Oliver Farm Equip. « 1'2 Omnibus Corp, . 54 Omnibus pf A (8). 9 Otis Elevator (1). 1% Oti: 3% Otis Steel pr pf 26 Outlet Co (4) 12_Owens 11l Gl 167 Pacific 20% Pacific T Pacific T Patino Mines : Penney (J C) 1.80... Penny (J C) pf (6).. 4 Penna Rallroad. Penick & Ford (t Peoples Gas Chi s P TS i wSRnunRan oy P £ T IR SR -Tos = ooa BB wone v held steady again today in the face of another slump in sterling exchange. tak- ing the British currency into historic low ground. Trading in the share list was as dull as yesterday, but prices were main- tained. The commodity movement was irregular. Cotton wa: down fractionally and low following yesterday's similar break. Weak at Two Points. There were only two points of weak- ness in stocks. One was international business machines, where the market expressed disappointment that no year- end stock dividend was declared, and the other American Tobacco, for the selling of which only the competition of the low-priced cigarette was sug- gested. Sterling exchange opened on this side at $3.15', after having sold in London at $3.15 prior to the start of business here. These were new lows for the British currency for all time. From the opening price there was a brief rally here to $3.16'' and then another break, this time carrying the quotation down to $3.14%;, off 44 cents from the close on Monday. ‘There was no new explanation of the acute weakness. The selling was not particularly heavy. case of no one who had dollars caring to exchange.them for sterling. That process cannot go on forever, but for the moment there is nothing to stop it and opinion continued bearish in the extreme—providing always, of course, that no concession is made on the debt payments due December 15. In the face®of this renewed decline in sterling, stocks gave an extrordinarily good account of themselves. Trading was very light, but during the morning net changes were on the side of ad- vance, all of them small, but indicative of the composure with which the mar- ket viewed the situation. Short cover- ing came into Coca Cola, lifting the price over a point; American Telephone rallied fractionally Atchisen made minor recoveries and so on throughout the list. Liquidity Shown. Decision of the Loew's directors to at the vear end, while declaring the usual quarterly 75-cent disbursement, had been anticipated, and the stock was unaffected. Sponsors for Scaboard Oil ventured to bid up their favorite, and, : | although they did not got very far, it was an interesting exhibition. Preferred stocks were fairly active and most of jthem slightly lower, but United States & Foreign Securities was an cxception The senior issue of that company ad- vanced 4 points after having risen 5 points yesterday. It could not be said that this steadi- ness in stocks changed opinion in the Street on the seriousness of the inter- national outlook. No one professed to foresee the outcome, and danger to world recovery and the possibility of It was simply a | Union Pacific and | omit the extra dividend heretofore paid | dictions that December unofficial do- mestic crop estimates would show a re- duced Winter wheat acreage and the lowest Winter wheat condition on rec- ord. A probable reduction of the 1932 | Spring wheat estimate was llkev&lse‘ suggested. There was also emphasis | on critical crop conditions reported by | Argentina, especially extreme heat in big producing sections. On rebounds of prices from early set- | liabilities. Orders were signed adjudi- gains | cating him a bankrupt and referring refere backs, wheat in some cases scored { of more than !>-cent a bushel. A ten- dency to narrow the December discount on wheat as compared with May was | apparent at times. Corn and oats dis- | played less rallying power than did| | wheat. A good deal of stop loss selling | | of corn developed. December and May corn sold at a new low price record for the season. | Provisions held firm. | Open Wheat— December May. 3 Corn— December | May. July; Dl | oaTs— December. . Close c | iy | RYE— December. May. | Juty. | =l A. Lol Z - |CHICAGO LIVE STOCK MARKET CHICAGO, November 29 (#) (United | States Department of Agriculture) — | | Hogs—Receipts, 35,000 head including | 13.000 direct; slow, mostly 10 below Monday; underweights 10-20 of 170 pounds, 3.20a3.30; top, 3.30; 180. 280 pounds, 3.20a3.25; pigs, 3.00a3.25 | packing sows, 2.35a2.75; light light, good and choice, 140-160 pounds, 3.20a lightweight, 160-200 pounds, 3.20 | | 23.30; medium weight, 200-250 pounds, 3:20a3.30; heavyweight, 250a350 pounds, 3.00a3.25; packing sows, medium and good, 275-500 pounds, 2.35a2.85; pigs, ‘good and choice, 100-130 pounds, 3.00 a3.30. Cattle—Receipts, 7.500 head; calves, 11,500 head: general trade very uneven, | only reliable outlet early centered on | light yearlings; both steers and heifers and few loads good and choice steers all representative weights wanted on | shipper account; others slow and easy; early top, 7.75; some slaughter cattle | end vealers, held higher; steers, good |and choice, 600-900 pounds, 5.75a7.50; | 1900-1,100 pounds, 5.75a7.75; 1,100-1,300 pounds, 6.00a8.00; 1,300-1,500 pounds, 6.00a8.00; common and medium, 600- 1,300 pounds, 3.50a6.00. Heifers, good and choice, 550-850 | pounds, 5.00a7.00; common and medium, 3.00a5.00; cows, good and choice, 2.75a 4.00; common and medium, 2.00a2.75; low cutter and cutter, 1.25a2.00; bulls (yearlings excluded), good and choice 287 1% *Including extra. Bankruptey Case Filed. BALTIMORE, November 29 cial) —Earle Allison Heffner (Spe- of Ta- strong, wheat | DUt on persistent curtailment of United | koma Park, Md, has filed a petition silver at a new | States primary receipts of wheat and |in the United States District Court | asking to be adjudicated a bankrupt. The petitioner has $207 assets and $978 after the early offerings had been ab- sorbed. Liverpool cables reported scattered continental snd Egyptian buying and noted 2 limited cloth inquiry in Man- shester with business in yagns restricted and the market rather irfihr. Egyp- | tian cotton futures in Alexandria were 9 to 18 points lower for Achmonuni, but 1 to 7 points higher for Sakellaridis. the case to Holden S. Feltol BAR SILVER. NEW YORK, November 29 (&) ilver weak, 13 lower at 2! -Bar Columbia B 716 uilding Association 11th St. N.W. Under Government Supervision Pays 59, ded Semi-Annually Systematic saving through this Association will start you on the Road to Success. $1 or more will start your Thrift Account. —_— Christmas Savings Checks Will Be Accepted on Account or Cashed for You PROPERTY Established 1907 = MANAGEMENT Apartment House MANAGEMENT WHAT our Property Man- agement Service does is relieve the owner from ALL the incidental worries and re- sponsibilities of the manage- ment of his apartment house properties. With our experi- ence and facilities, we are in a position to meet every condi- tion which can arise; and to so adjust overhead to income that [N ESNES Pere Marquette pf Pere Marquette pr pf Petrol Corp of Am Phelps Dodze. Phila & Read C & T Thillips Petroleum. Phoenix Hoslery i Pierce-Arro Pierce-Arrow pf ree Oil it pf.. Petroleun Pilisbury Flour (60c) Plymouth Ofl (1).... Proctor & Gamble(2) Public Sve N J(3.20). 3 Pub Sve GEE pf (5) 101 Pullman Corp (3). 274 PureOil. ..... . 4% Purity Bakeries (1) 215 Radio Corp..... 10~ Radio Corp pf (A) further deflation in commodities were visualized. About all the stock market did demonstrete was its thoroughly liquidated conditicn. (Copyrij SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) made 19,357,000 telephone calls from 178,506 telephones in service. Today's Trading on Exchange, | Capita t 4, for al single 10-sh : o Washington | Stock Exchange today. Bonds were in ths best den m ctri Consolidated ‘Washington R: at 877 (beef), 325a4.25; cutter to medium, 250a3.25; vealers (milk-fed), good and choice, 4.7526.00; medium, 3.50a4.75; cull and common, 2.50a3.50; stocker "and feeder cattle, steers, good and choice, 500-1,050 ~pounds, 4.25a6.25; common and medium 3.00a4.50. Sheep—Receipts, 10,000 head; slow, mostly steady with Monday's’ 10-15 | higker close; early bulk desirable na- tive lambs, 5.75a6.25 to packers; few closely sorted loads, 6.50 to city butch- best held higher; lambs, 90 down good apd choice, 5.7526.60; all weights common, 4.00a4.50; ewes, 90-150 pounds, medium to choice, 1.25a2.75; all weights, cull and common, .7582.00; feeding lambs, 50-75 pounds, good and choice, 5.0025.50. RECEIVERS ELIMINATE HIGH RAILWAY SALARIES ST. LOUIS, November 29 (#)—The office of chairman cf the board of the St. Louis-San Francisco Railway Co., held by E. N. Brown, and the road's .. | New York offices have been eliminated 12 | since the receivership of November 2, % | with an annual saving of $88,000. J. M. Kurn, former president and co- recelver with JohntsG."hlnn;dlole, said Va. Rwy, & Power the saving represen e $30,000 sal- Wabash Bwy. Co. s 1936 ary of Brown, the $20,000 salary of C. -— W. Michel, vice president; salaries of 'NVESTMENT TRUSTS eight minor employes and rentals. Michel, however, will be retained as - New York representative of , NEW YORK, November 29 (#).— Over-the-counter market % & goil sinonl Mle; (Quotations as of FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) | Nomina: gold Selling checks Cuban-Am Sugar Crdahy Pack (234). Curtis Publishing. Wright. . right (A). Cutier Hammer. Deere & Co pf (40¢).. Del & Hudson (6) . Del Lack & Westn. .. - _ Denver & R G W pf.. : 9 ree Vi J 3 L | Diamond Match (1).. 6 :{n“lfi(f'b ex-di & 2 2 Diamond Mach pf 114 of Washington Railwa: Dome Mines (+1.30) . ferred came out 87% ‘ Domin Stores ( » At_their reg: monthly meeting : A I last Saturday night the board of direc-| * Drug Corp (4). - tors of the Bank of Bowie declared the | Dupont de Nem (2).. Dupont deN db pf(6), Duques Lt 1st pf (5). 90s .| 125 104% Fastman Kod pf (6).. 50s Edward 3 Eaton Mfg Co 2 3% Radio Corp pf B. 9 seAubo &L ” Radio-Keith-Orph eckrieBane X V 3 Reading Ry 2d pf( ec & Mu : : plec s> teal Silk Hosiery pf. B i g ec Pwr & Lt. Reminzton-Rand. 3% e Gas_Light 55 19 i Reo Motor Car...... 1 o & Neshviite a5 1 s "{“\l“"l"f g Republic Secel gi G et & H. 45 1 i Republic § o i 3, Eixchange Buf ( Reynold 0! Reynolds Tob B (3) & Richfield OIl. . 2 Rossia Ins of Amer. . the very best net profit may b obtained. Consultation without obligation; and service ren- dered at a very nominal fee. B. F. SAUL CO. 925 15th St. N.W. NA?'l 2100 F 1L+ 4+ 1932) lis-Chalmers Co. American Chain Co Amer. Tl Am. Wat. Wks & El Baltimore & Ohio 41z5 Belding Hemingway Bethlehem Steel Canadian_Nor. Ry. 4%2s Chi. Northwest. R. R Chicago Rock Is:and 4s Cleve. Lor. & Wheel Colorado & So. Commercial Cred Delaware & Hudson 55 & Rio Grande 4iss n. Mot. Accep. Co. Gs Gen. Petroleum Corp, n. Public Service & Electric pre- MORTGAGE LOANS 615 1578 1314 100% cent, payable on January 1, 1933, 10115 stockholders of record December 1932. Directors pr E. Perkins. president c tlepage, vice president; William Luers, cashier; Bernard A. Maenner and Dan- iel B. Lloyd. Accord g to the Bark of Richmond the fifth dis to 16 Reserve . esale trade in| 61% t in Octobsr wes not 8s heavy 25 in October, 1931, except in the demand for shoes. Hardware is re- ported as the only line showing im- provement over September Wholesale business for the first 10 months of the present year in this dis- trict was lower than in the correspond: ing period last year by 11.9 per cent for shoes to 22.4 per cent for dry goods. Shoes in October gained 11.8 per cent over the same month a year ago, the Richmond Bank reports. The decline in other wholesale lines ranged from 12.3 per cent in the demand for dry gcods to 9.5 per cent for drugs, The bank Teports that retail stores in the fifth Reserve district anncunce| growing activity in holiday goods and | the larger centers gre anticipating goed | business, judging by holiday sales zo; date, Federal Pertiznd Gen Republic Iron & Stee! Sinclair_Crude O L IMSR R uthern Pacific Union Oil Co. Calif. Federal Screw Wks. . Fed Water Service A, Fidelity-Phoen 1.20. . Filene's Sons pf 63 . Firestone T&R pf(6) First Natl Stores 233, 1 Florsheim pf (6).... 1008 Fourth Nat Inv120., 8 FoxFilm (A)......a 3 Schulte Retail Stores Freeport-Texas (2).. 26 SoRbosta AT T Aoe. Gabriel Co (A) 2 2 2% Seaboard Oil Del 40c. Gamewell Co. 7s Sears Roebuck ‘ Gen Am Investors. .. & Bavveling: Gen Am Tank Car(1) Sharp & Dohme. . Gen Baking (2). hattuck (FG) (50¢)., Gen Cablepf. ... hell Union Oil. Gen Electric (40¢) o en Elec spec (60c) e Patiatonn. en Foods (2).. kelly Oil # Skelly O/l pf ww. Snider Packing. Socony Vacuum 40c So Porto Ric S(a40c) 15% Southern Cal Ed(2) 61 Southern Pacific. . . 2% Southern Railway 3 Southern Railway pf 8 Spencer Kellogg (60c) ores (5).. Safeway Strs pf (6).. Safeway Strs pt (7) St Joseph Lead. . St L-San Francisco. . Modern Offices At Low Rentals Close to all the New Government Buildings * The 31y 2 o'clock.) Bid. Asked. 1% 3 107e misss = & | ¢ 149 | London. pound. . Parls, franc. : els. belza n, mark lira Am Ban: Stock Bllock Fund Corporate Trust Corporate T Dividend Shrs. ... Pund Tr Shrs A. . Fund Tr Shrs B Mas Invest Tr.. Nation Wide Sec vic N. Y. Bk Tr_Shrs.. Nor Am Tr Snares Nor Am Tr Sh 1 %} NOr Am Tr Sh 1 15 | Buper ‘of Am Tr A. s, |Super of Am Tr AA * " Super of Am Tr B. ... Super of Am Tr BB 1 Super of Am Tr C. Super of Am Tr D.. — % Trusted Am Bk A. Convenient, modern offices with rentals which are in line with present condi- tions. Only a few suites and single offices are avail- able. Locate now before the demand will exceed Star Building tne suppiy. APPLY Superintendent’s Office, 610 Star Bldg, or telephone NAtional 5000, Ext. 203 15 1‘ Gen Gas & Elec (A) 9 1 24 Gen Gas&El cv pf A, 9% - U.'S. TREASURY BALANCE. | 3t ,3 Sengastmicvp e By the Associated Press. | Gen Motors (1). 13 s _receipts for November 26 56% Gen Motors pf (5) % + % were $2,928,373.81; expenditures, $6,- 2% Gen Outdoor Adv.... 3 920,814.58; | ce, ~ $604,082,878.22. 274 Gen Prig Ink pf (6)., Customs dutfes 26 days of Novem- 1 Gen Public Service, , ber were $21,497,834.85. e 6% Gen Rwy Signal (1), Be 1232 | Rome. 4 Zurich, franc - Aeny dachas Midrid, peseta Visane. Seinifag Budapest, pengo Prague, crown (n. Copenhagen, crown Warsaw, zloty | Oslo. crown. . Stocknowm | ¢iown AMoniseal discouni, @ o BarBrnanon o 53% ~1% 3% 13% + » /