Evening Star Newspaper, December 10, 1932, Page 13

- . FINANCIAL THE EVENING STAR, WASHINGTON, D. C, SATURDAY, DECEMBER 10, 1932 FINANCIA L A—g " BEST-GRADE BONDS MAINTAIN GAINS A. T. & T. and Consolidated| o Gas Issues in Demand at Friday’s High. Bpecial Dispateh to The Star. NEW YORK, December 10.—High- grade bonds today held the gains they had made earlier in the week and in a few instances improved on them. French Government 7%s moved up 1!, points to above 127, a new high riec. United Kingdom 5!;s were up | J2 point to 105. American Telephone & Telegraph and Consolidated Gas is- sues were in demand at the closing high of Priday. In the U. S. Government group there were small advances in the 3's and 3 per cent discount notes, but no evidence of any unusual buying of them on the rd. It would be in these two loans that | hases would be made if Great tain proposed to offer them in part yment for the December 15 war debt tallment. The 3%s were in demand at increased premiums and at new high prices for the year. In the corporation list the rails were strong as a class, while the active in- dustrials were heavy. Atlantic Coast Line's 4s rose a point, Southern Rail- way general 65 were up 1%, Southern 41,5 gained 1%, Pennsylvania 6l2s rose a point and fractional ad- vances occurred in New York Central 6s, Great Northern 7s, Northwestern 4%s, Rock Island 4':s, Erie 5s and Baltimore & Ohio 4! | There was considerable pressure again on National Dairy 5%s, which de- clined over a point.” American Smelting & Refining 5s were offered at 87, com- pared with the recent subscription price of 88%. Studebaker 6s and United States Rubber 5s gained fractionally. Aside from the foreign g‘o‘:m af- fected by the debt payments, Te were decllnuyol 2 points in Argentine 6s and Austrian 7s, of a point in U 6s and a fractional decline in 6s. German government issues were soft. (Copyright, 1932.) PARIS EXCHANGE RATES, PARIS, December 10 ().—Three per cent rentes, 76 francs 50 centimes; 42 per cent, 92 francs 75 centimes. Exchange on London, 83 francs 20 centimes. The dollar was quoted at 25 francs 61% centimes. BONDS ON THE CURB MARKET. les thousands. 1Alabam Pw_4!3s ' 1 Aluminum Co 3Am Kl DOMESTIC BONDS. L 754 98 Q £ 1y % EFR OFFEE RRRE F SEER FESTES ¥ B e SR Ga0 o e 3 53 Wen2g) ggam Pt T . Po— N A R S 3 § .b 3 RS & STFE ShE K F HOO00ME S B e ] 22 =1 ChET P A o DD DT 1o IDEweRzion H 29! 25a8 e 23323, 4 E3ZTR 2 EEOBE F RN SESRE R OSEE ¥yE sz o T o gg! 2BLES 'z SEegesy, o — 8. 255 %) = e oD mon e ssonmcesscy E 2 R R ShSLeE .. [ 4t iz 6&&8 ¥ * SR e e ) vooiE i 299! 3 4 gegeeauaStey 2aStuash =) = 2% S5t 23 i i 1 3 H 5 b4 5 3 & 4 _,g 5 Sym 2 zgs" [ 2%, SR 22351ecse & - ! ks o Bt 25iis fipecinm [N e g g IRSnSRE: o ... O L ) Pissigs [ g%! EEERY 5 2 FRIF FEFRRTER § ETEFSEEIEERST NSRS FERFEEETEIFOT 38 F8S 62 ERCI08 I D A IO ORI 00110 D e " FES R e 2933383 2823 b - & mERge B t_Acc Bs '3 Wt Wk 6s B '44 1 Pw 55 '67... 81 Gillette 8 Rz 58 '40 100 3 Grand Trnk_6'%s '36 2 Gulf Oil Pa 5 < Sriratarsit - BEEE! 23 F PETEERSE Epaaaae R 2331 Jaaasons R S " ) 22 e B A R RS i s L3190 ST Bt G - - o3 233028 7 9% ant 50 10812 10642 6 " 823, " g2t 8634 852 6 941z 94l 10032 100% 97% 97% 9778 97 10812 10813 37w 447 | ] i 1007 1007 73% 74 Watdg Ascor 76 '8 -Asior Wes Tex U 5s A 57 FOREIGN B Ger 68 A hath Con *B1ft id_Ind Bk 7s con Mun, 7§ BOND ON NEW YO STOCK EXCHAN Recelved by Private Wire Direct to The Star Office. UNITED I‘I'.Al;'::; n (Sales are Low. Close. 4%83247 1025 1025 1025 438 33-38 10320 10318 10319 9618 9615 9618 3% 9730 9728 9728 M 41-43. 10116 10113 10115 %843-47... 10081 10081 10031 % 10227 10226 10226 8 44-54. 104 22 104 21 10421 %8 47-52... 10824 10820 10824 Sales. High. 1st 4th 38 61-55 3%s 3 3 3 It ¢ Allis-Chalm b: Am Beet Sug Am Chain db 6s'33. Am Sm&Ref 53’47, Am Sug Ref 6s 37, Am T&T 4%s8°39. . Am T&T ctrbs'46. 8 Am T&T deb 55'60. 8 Am T&T deb 5s°65. 13 Am T&T 54843, Am Wat Wks 5834, Am Wr Pap 68°47.. Argent 65 ‘61 May. Argentine 65°59 Ju Argentine 6s A '57. Argentine 6s B '58. Arm & Co 434839, Arm Del5%s’43. .. 48 Atchison gn 4s'95.. 2 AtICL1st4s’52.. 10 Atl Gulf&W158'59. 7 38% AtlRefdb5s'37... 1 100% Atchison 43;s8°48.. 28 90% Australin 58'55.... 58 721 Austi 2% Austrian 78 '4! 90 Austrian 785’ 503 1 1 1 37% 38% 100% 100% 89% 90% 63% &Orf s D 2000. B&OTL6sC'95... B & O Sw dv 5860 Belgium 6855, ... Belglum 63849, Belgium 7s ‘56 Belgium 7556 Bell Tel Pa 55 B'48. Berlin Cy El 6565 Berlin 635'50. d | Berlin C El 64s'51, 21 Berlin C El 6% 8’ Beth Stl pm 5s " Bolivia 7s'58. Bos & Me 5s 5 Bos & Ms 5!, Brasil 8s'41.. Bklyn Elev 63 A 55 Bush T Bldg 55'60. Canada 4s "6 . 8 25 9 1 4 2 Ry4%s'57 3 at 4 68.... 19 Can Nor deb Can Pac db 4 Can Pac 55’54 Cent Ga cn 5s " Cent 111 E&G 5i 66% C&Opgend%s’s2. 2 95% G&O%sA"S... 10 82 C &0 con 5s" 8 1043% 1 CB&Q I113%s’49.. Chi & Est 111 58" 2 Chi Grt West 4: 3 C M StP&P 5s'75. . l‘: 2 04 4. 13 ChiRI&P4%s'52 6 ChiRT4%s"6l 20 Chi Un Sta 41563 26 97 Chi UnSt5s'44... 3 100% 100% Chi Un Sta 5s B'63. § 102% 101% ChiUn Sta 634263, 4 1121 112% Childsdeb 58'43... 9 33% 382Y% Chile 6s'60. .. 6 5% . 5% Chile 61 J: 5% Chile 6s'61 Sept. 5% Chile 6562 64 Chile 78 '42. 3 6% 64 Chile Cop db . 35 32% 8;’4 wee X 1. Cin Un Trm §s 2020 CCC & St L 6s D'63. Clev Term 414877, Clev Term 55 B '73. Clev Ter 53%8A'72, Cologne 68 °50. .. Colomb 6561 Jan.. Colomb 6561 Oct. . Col G&E §s '52 May Col Gas & E 58 "61. Con G NY 4%s8°51. 12 1 Con Gas N Y 55°57. 16 108% 103 s, 34 3 Copenhag 58 '52... Czecho 85°51. Del&Hud ref 4 Denmark 4%8°62. . Denmark 5%s '55. . 28 Denmark 65°42.... 7 D&RGrenés’36. 18 D&RGr4%s'36.. 6 D&RGW5s's5.. b Det Ed 435D '61.. 10 Det Edison 58 52.. 23 Det Edison 65’5 2 Dodge Bros 6s "4 10 Duquesne 4% A'67 2 Dutch East T 6s'47. 1 Dutch East 16s°62. 12 Erle ref 5567 Erfe ref 5875 Fiat deb 75’46 Finland 6% '66... Finland 78 ‘50 1004 27% 2T% 3, | Fram Ind 7% French Gov 78 ¢ French Gv 7% Gen Motors 6s'37.. 26 Gen P Sv538°39.. Gen Th Eq 6s '40 Ger Cent Bk 6838, Ger Cen Bk 6s'60 J Ger Cen Bk 6560 O Ger Cen Bk 75 '50.. 7. Ger Gen Elec 6s 48 | Ger Gov 534585 German 6145’50 German Rep 7s '49 GoodHopeS&I Goodrich 85 '45. Goodrich 6348 '47.. Goodyr Rub 58'57. . Grand Trunk 7s '40 Gt Brit&Ir 5%s'37 Grt Nor 4148 E'77. Grt Nor 51,8 B '52. 99% 05% 104% 12 1 10 45 | Grt Nor gn 7s'36.. Halti 6s'52 Hudson Coal 58 '62. Hud & M adj 5s '57. Hud & Mrf 5s'57.. Humble Oil 55 '37. Il Cent rf 48 '55 111 Cent 4% '66. 11l Cent 634« ‘36 111 CCSIL&N 435 111 Steel db 4% 540, Inland St 4%s A'78 Inland St 414 = B'S1 Int Rap Tr rf 58 66 Int & Gt Nor 6s '62. Int & G N aj 6 Int Cement 5s Int Hydro El 6 . Int Pap ref 58 A'47 Int Pap 65 °55. Int Tel&T 43 Int T & T 58'55. Italy 78’51 Ttaly Pub 7s Japanese 5158 "65. Japanese 6148 '54. . Kan CF S&M 4536 Kan C P&L 435 ‘61 Kan City Sou 58'50. Kan City Ter 4s'80. Karstadt 6543, Kresge Found 652§ % 102% 54y 37y 5 43% 101 8% 8% 43 18% 4 521 40% 37 15 344 38y 98% 85% 48% 60k 46% 02% 102% 48% 484 23 2 11 6 Kreug & Toll5s'ss. Laclede Gas 5s'34. 1 1 3 8 1 Lautaro Nit 68 '54.. 8§ Lig & Myers 7s Loew's 65’41 Long Isl rf 4s Lorillard L&Nuni4s'40.... «1 L &Nrf5%s2003. McKes & R 5%8'50. Marsellle 6s'34.... Milan 6%s '52. Mil E Ry&L 5s '61. MSP&SSM cn 4s '38 MSP&SSM 5= gt'38 MSP&SSM 5%s '8 MK & T adj 55 '67. Mo Pac gn 4s°75. Mo Pac 5s H'80. Mb Pac 5%s A4 Mont Pow 5 Montevideo Nassau Elec 4s '51. Nat Dairy 538" Nat Steel 55 '56 NOT&MGE%s"54. Nw S Wales 55 W S Wales Gs '58.. N Y Cent db 4s'34. NYCentds'ss.... NYCrfdaks2013. NYCrf4%s2013n NYCrf5s2013... N Y Cent ab 6s '3 NYCLS 3%s°98. NYC&StL 4%s'78. NYC&StL 1st 6832 N Y Edison 55 C'51. NYEdrt6%s 41, N Y EL H&P 45’49 NY EL H&P 55 '48. NY NH&H 414567 N Y Steam 5s'56... N Y Tel gn 4%5s'39 Nia Sh Md 5%s°50. Nord 6%s 50 Nor & Wn cn 45 North Am Co 55 61 Nor Am Ed 55 C'69, Nor Am E 5%8 "6 NorOT&L 6s'¢ Nor Pac gn 3s 2047. Nor Pac 48’97 Nor Pacri6s Nor St Pw 58 A"41. Norway 58'63....0 Norway 5%s " Norway 6543 Norway 6s°44 Norway 6s'52..... Oreg-Wash 4s'61.. Owens 111 G1 55 °39. Pac GRE 6342, Pac T&T 1st 55'37. Param-Pub 5% s'50 Paris Or 5%s68. .. Pathe Exch 7s '37 Penn 43s D81 Penn en 4% Penn gn 43§ Penn 4%s D . Penn gen 55 '68. Penn 6%s '3 Penn P&L 4 Peop Gas ref o5 '47 Pere Marq 4145 '80. Pere M 1st 55 '56. Peru 65 '60. Peru 6561, Phila Co 58 '67. Phila Elec 45 '71. . Phila & Read Phillip Pet 5 8'39 Pillsb F M 65 '43. PCC&SL 55 A 70 PCC&StL 58 B'T5 Poland 65 '40. Poland 75 "47..... Poland 8s '50. Port Gn El 435 Pos Tel & C 55 '63. . Press Stl Car 5533 Prussia 6552, . Prussia 6% '51 Pub Sv G 41867 Pure Oll 5358 '37. Pure Of1 5%s "40.... Radio-K-Or 68’41, Rhinelbe U 75 "46. . Rhine Ruhr 6s'53.. Rhine West 65 '52.. Rhine West 6353 Rhine West 6555 Rhine West 75 '50 Rio de Jan 6148 R Gr Do Sul 6s°68. R Gr Do Sul 85 '46. RIAr&L4%s's Rome 614s°52 Royal Dutch 4 Rumania Ts StL IM R&G 4s'33. St L&SF 4s A StL&SF4% St L&SF 58 B'50... St P Un Dep 5s'72. Sao Pau 7s '40 Sao Paulo 8s 50 Saxon P W 6% Saxon 7s ‘45 Seab A L 1f 4s Serbs-Cr-S17s 62 Shell U Ofl 58 °47.. Shell U O 5s *49ww. Shinyetsu 638’52, Sinc Oil 63%s B '38. Sinc Oil 78 A"37... Sinc Cr 0 5%s°38 Sinc PL 5542 .... Sou Bell T&T 55 '41 Sou Pac col 4549, Sou Pacrf 4s'55... Sou P 4%5'69 ww. Sou Pac 4%5'81... Sou Ry gn 48 A'G6 Sou Ry gn 65 '66 Sou Ry 65 '66. . Sou Ry M&O 4s SW Bell T 55 A '54 StOfIN J 5546 St Ol B Studebaker 6s "42 Sweden 5% s '54... Tenn E1 P 6s A "47. Tex Corp cv 58 '44. Third Avrf 4560. . Tob P NJ 63 Tokio 55 5. - » e o Reane-n R lanineans ~5 nhwanavanmnasaa-a o i 1o Brow Tokio El Lt 6 '53.. Un EIPSL ref 55'33 Union El L&P 58'67 Un Pac 1st 4547, . Un Pac ¢s'68. Unit Drug 68 '63 U S Rubber 58 '47.. UnStW6%sA'47. 3 Un St W 68 A'51, Upper Austria7s'45 Uruguay 6s'60.... Uruguay 6s '64. Util Pow 5% '4 Vienna 6s ‘52 Va Ry & Pw Wabash 1st Wabash bs Wabash 5%s " Warn Br Pic 68 ‘39, 2 Warsaw 7s'58.... West E1db 5s "44. . ‘West Mda 1st 4s'52. West Pac 5s A "46 West Union West Un 615 '36.. Westphalia 6s'53.. 1 Wil & Co 1st 6541, Yokohama 65 '61. Ygstn S&T 55 A'78. A.T. & T. REPORT LOOKS BETTER THAN EXPECTED NEW YORK, December 10 (#).—The monthly report of the American Tele- phone & Telegraph Co. on the rate of connections and disconnections for No- vember proved considerably better than had been generally expected. oa NvOEaaNARoeBNEe Sao~ 413 8714 47 B6% 864 464 564 R Yo The figures had been unusually closely guarded on this occasion and little or nothing in the way of reliable estimates preceded their publication. The report showed a loss of about 102,- 000 phones last month, compared with a loss of 105,000 reported for October, This nted some measure of at least negative improvement and dis- | credited reports that disconnections : had been heavier last month than In ¥ | compared with 61 SEASONAL SLUMP SLIGHTLY AT GLOSE tween Thanksgiving and Yuletide. ‘The leading wholesale Juce mar- kets show the dull conditions usually seen during the weeks midway between ‘Thanksgiving and Christmas trading, according to the United States Depart- ment of Agriculture. Carlot shipments so far this month are only 2,000/ per week day. Receipts were light to mod- erate the first 10 days of December and trading slow. Price movement is ir- regular, with no general trend on most lines. Chicago potato market has lost the greater part of the November gain, but shows firmness p]::n( r!;:n:ulevel& Country potato shij vary from weak to firm, but some Eastern markets show further small advances. Onions generally are holding recent slight upturns fairly well, but cabbage has lost part of the rise because of more shipments and some new South- ern competition, especially from South Carolina and Texas. Dull, weak mar- kets are the rule for sweet potatoes. Celery is lower. Supplies of spinach are liberal from Texas, but decreasing from Southern Virginia, and prices show a weak trend. Apples are one of the firm market features and show more price gains than losses in the East and South. Apple Markels Firm. Prices of apples still are somewhat irregular, but, on the whole, are being well maintained. Eastern bushel and barrel packs seem to be in good posi- tion, with decreasing shipments, mod- erate storage holdings and some varie- ties comparatively scarce. Southern apples such as York and Stayman have made considerable price gains in Vir- inia during the producing sec- tions are about steady and those in the Pacific Northwest fairly well sus- tained. Such varieties as Baldwin, Stayman and Rome sell at $1 to $1.25 per bushel basket on cold storage stock at country shipping points. Sales of Greening and King from common storage are quoted around 80 cents in Western New York. Barrel sales of apples range from $2 to $3 or more. Greenings are quoted in Eastern city markets at a steady range of g.icee from 75 cents to $1. Connecticut Bald- wins bring 65 to 75 cents in New York, Eastern McIntosh sell at $1 to $1.25 in several markets and Grimes and Jonathans 85 cents to $1.25. Spys reached top of $3.75 per barrel in New York and Vermont Mcintosh $3.50. Maine Starks and Greenings sold at $2 per barrel in New York and Pitts- burgh. Exporters say that the high English tariff rate, together with de- clining English currency, has placed an_almost prohibitive barrier on ex- port movement at this time. Many Eastern apples are being shipped to Middle Western markets where prices average somewhat higher than in East- ern cities. On the whole, the apple market presents a firm a nce de- spite the somewhat unsef and un- satisfactory condition of the foreign trade. The slow demand prevailing in most of the great markets is a weak feature. Potato Prices Irregular. The potato markets so far this month have shown stronger action in the East than in the Middle West. Chicago and other Central Western cities have lost about 5 cents of the November gain, })ul.l:rc rather firm at the present evel. to gain through the first 7 days of the month and the recent gains were firmly held in some Eastern producing sections. Growers in Western New York are receiving about 2 cents less than recent top price, few of the buyers pay- ing over 28 cents per bushel in bulk at present. Recent price advances in Maine have offered Western New York shippers a larger opportunity to sell to New York City receivers and more than the usual number of cars have been shipped to that point. Shipments ~from Maine ¢ about half the total potato movement some days. But even the Maine ship- ments for the season have been fully one-third below those of & year ago and the same is true of the total potato movement. Maine growers seem in- clined to hold for $1 per barrel in bulk, but the current price is not much above 75 cents and dealers sell at 53 to 58 cents per 100-pound sacks, to 64 cents in West- ern New York. Markets are slow and fairly steady in both sections so far this month.” Light shipments of Maine stocks have been made into Ohio, West- :;n“l:el?nsyl:;n&: and Western Virginia, vell as e usual long the seaboard. ey Sweet potatoes are in light to rather + | liberal supply, demand is generally slow and prices on Eastern stock clined to sag off a little. Bushel pack of Jersey type from New Jersey sells In Eastern citles at 50 cents to $1 Maryland and Delaware sweets are Quoted at 40 to 60 cents, although house-stored stock sells higher, up to $1. Barrel pack from the Eastern Shore of Virginia ranges 50 cents to $1 in g;:m c!’l'nlm:leelghh. New York and , reacl r el $1.25 for best lots still in- In Pi Onlons Fairly Steady. Shipments of onions in moderately along with '_h:r !:If.eg‘ Tg vance of prices early in the month, and the central markets have averaged {::1{ et:tudy. Ntlm sales in the city Tange from 35 perkso to 55 cents stock. Some lots from the My are good enough to bring %‘l’lkc::zt Nearly all cities report supplies mod. erate and demand slow, The range in Western New York is around 35 cents per 50 pounds for No. 1 yellow stock. Although the onion crop is large, the total movement this season is con- siderably under that of a year ago be- cauee demx:m‘inx.;‘ poor, prices low and lers o clined to h mgs:_ price levels. et ipments of new cr r Western carrots are exceeding fl?&e’:r 1ast sear son. Most of the old carrots are from Western New York, but the output of these is only a little more than half the corresponding shipments of last year. A limited amount of business for carlots of unwashed stock in 100- pound sacks is being transacted in the Rochester district at 42 to 50 cents. The celery market is somewhat de- moralized in Eastern producing sec- tions. Supplies are fully 50,000 crates larger than in mid-December last sea- : son, and some shippers believe more or less stock will be abandoned for storage charges since present sales through brokers do not exceed 90 cents for best offerings. Colder weather may help the situation. City markets also show a weak tone on jobbing sales of celery, which now bring from 75 cents to $1.35 per two-thirds crate. The dif- culty seems to lie in lack of brisk con- suming demand, as in the case of many other lines of farm produce. Cabbage markets have been nearly steady in the cities at 10 to 15 cents per ton in bulk, but prices have not been so well main- tained in producing sections, declining about $1 from recent tops, in paid growers in Western New York is still $3 to $4, compared with lowest of $2 some weeks ago. Shipments have been well maintained, although less than they were a year ago. Some stock was frozen in the fields and will show | heavy waste in preparing for market. Dealers sell Danish stock at $5 to $6, slight declines from new top prices having occurred in Midwestern pro- ducing sections also. Some Eastern markets continued | mixed | | pounds for Eastern yellow | per. Eggs—Hen! [receipts, 30a32; 38| Usual Dull Period Seen Be-|Unimportant Changes Re- verse Earlier Market Trend for Most Part. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, December 10.—The Curb Exchange finished with unim- portant price changes today, but fluc- tuations near the end were for the most part on the upside, reversing the earlier trend.. Electric Bond & Share firmed up near the close, as did Pan-American Airways, Deere & Co. and Standard Oil of Indiana. American Gas & Electric lost part of its earlier gain while Citles Service was virtually un- changed. Crocker-Wheeler Electrical pointed upward. Reviews Cheerfal. With week end trade reviews gener- ally cheerful, with car loadings up 53,- 579 cars, and with the Curb Exchange short interest increased from 38,167 shares November 4 to 44,759 shares as of December 5, professionals felt more like participating in the market and they expect general price trends to be upward in the early part of next week. Possibly such predictions were based on an anticipated squeeze of the shorts. Mead-Johnson declared the regular common quarterly of 75 cents. United Milk Proguc?-s reported net profits of $39,225 for the nine months ended Sep- tember 30. United GasCorporation shareholders at a special meeting De- cember 29 will be asked to approve of a change in the common stock from $1491 to $1 par to permit reduction in book plant accounts of subsidiaries and parent ccmpanies. ‘The Texas TS, tempo- put off the cut in allowable crude production, which was to have become effective today. Neverthe- less, most of the active ol shares in the first hour were fractionally firmer. Copper Shares lag. Copper shares lagged, as the trade heard that 4-cent copper was a possi- bility in view of the break-up of the world curtailment conference here without—any constructive v:ccrmplhhAi ments. Another meeting is expected to be held here in the . Gold stocks ‘were moderately active, but not much changed. Novadel-Agene as usual made its early peak. A. O. Smith Corporation rose 2 points rather easily. Insurance Co. of North America was up more than a point on its first few trades. Cord Corporation firmed up. Walgreen was the outstanding mover in the stor shares, with Swift International occupy- ing the same role in the packing stocks. (Copyright, 1932.) Washington Produce Butter—One-pound prints (98 score), 27, tub, 26; one-pound prints (92 score), 26; tub, 25; one-pound prints (90 score), 25; tub, 24. nery, whites, 32a35; current Government graded extras, 36; standards, 34; mediums, 29. Poultry, alive—Turkeys, old toms, 10a12; old hens, 12a13; young torus, 14; young hens. 16; No. 2's, 9a10; chickens, Plymouth Rocks, 4 pounds and over, ; 4 pounds and under, 12al3; colored chickens and Leghorns, 9a12; hens, 4 nds and over, 14al5; capons, 7 pounds and over, 20a22; small capons and roasting chickens, 15a16; _klsu. old, 20a25; young, 25a35; roosters, Poultry, dressed—Old toms, 13a14; old hens, 14a18; young toms, 17a20; young hens, 1820; No. 2, 11al3; chickens, 7 pounds and over, 3 mixed colored chickens and Leghorns, 14a16; small capons and roasting chickens, 16a18; roosters, 10a12. Meats—Beef, 11; veal, 11; lamb, 14; 'k loins, 10; fresh hams, 10; smoked ams, 1234; strip bacon, 13; lard, 7; compound, 7. Game—Rabbits, 1.80a2.40. hulu—AEplel. bushel, 50a1.50; box stock, 1.75a2. pears, 2.5023.00; bananas, 2.00a3.00; oranges, 3.00a4.00; lemons, 4.40a5.50; tangerines, 2.50; grapefruit, 2.50a3.50; grapes, 1.35a1.75; honeydews, 2.00a2.50; alligator pears, 2! 2.25; Christ.n;los , 20. Vegetables—Potatoes, 100-pound sacks, New York, 100al.10; Maine, 1.25; Idaho bakers, 1.65a1.90; sweets, bushel, 50a75; string beans, 4.50a5.00; limas, 4.50a7.00; caulifiower, 1.50a1.75; beets, crates, 3.00; carrots, crates, 3.00; cab- bage, 60a75; red cabbage, 1.50; kale, 25a50; spinach, 1.00a1.25; peas, 4.008 4.50; mushrooms, 65a75; tomatoes, Cali- are | fornia lugs, 1.25a1.75; repacks, 1.50; hothouse, 8-pound baskets, 65a1.00; onions, sacks, 60a75; celery, 1.50a2.25; salsify, 100 bunches, 5.00; pep- pers, 2.25a3.00; lettuce, Iceberg, 1.50a 2.50; cucumbers, 7.0028.00; squash, 2.25 8250; broccoll, 3.00a3.50; artichokes, 3.2523.50. Situation Brightened. The Department of Commerce in its monthly review set forth that larger pay roll disbursements and increased employment htened the business situation in the United States in Octo- . The department reported that general business activity remained at ';,h‘: level reached during the September Kroger Sales Increase. CHICAGO, December 10 (#)—Sales of $15,761,800 for the four weeks ended December 3 were reported today by the Kroger Grocery & Baking Co., repre- senting an increase of $94,657 over the preceding four weeks in the face of a customary decline for the period. CHICAGO STOCK MARKET. CHICAGO, December 10 (#).—Fol- | M, lowing is the complete official list of transactions in stocks on the Chicago Stock Exchange today: Sales. HI 30 Asbestos MIg ..... el Uui'lll v Low. Close. B34 o FEE WSSy A [T P-re: P F T 2 aoaEeis s i Be® aoroams) @eommn FFEE SR FIIES Py = Se 35 g FEFSRRSESTERS FAEES = S8 - - 3 9Bt - L % B0 FE, FEFERFSIEREIE Frids &s. 85, N. Y. CURB MARKET Received by Private Wire Stock and Sale— Dividend Rate. Add 00. Sigh. ero Supply B..... 1 % Aluminum of Amer450s 50 Alum Co Am pf (3) 508 41% Alumn Goods(80c). 8% Am Beverage...... AmCitiesP&L B.. Am Cyanamid B... Am EI Sc pt pf new, Am & For Pw war.. Am Gas & El (31).. Am Iavestment., . AmLt&Tr (2%) 1 Am Manufacturing 30s Am Superpower. 18 Am Super 1st pf 6. 1 Am Superpower pf. Arkansas Nt Gs A.. As El Ind Ltd k10c. Asso Gas & Electrie As20GAEADS%. Low. Close. % % 49% 50 Axton Fish A 3.20.. Blue Ridge. ....... Canadian Marcon! Carrier Corp. .. Cent HudG&E (80¢) Cent Pub Sve A.... Cent States Elec. .. Chesebrough (16%) Citles Service. . Citles Service pi Clev Elec Iliu 1.60 @ 03 S R Ao o P » =S 'ynolds Corroon & Rey pf A Creole Petroleum Crocker Wheeler. Crown Cork Intl A. Deere & Co. .. Duke Pow (5) East G & Fuel Asso Bl Bd & Share b§% N1 Bd & Share pf §.. o0 Bror ,| ElecP&Lt 24 pf A sk Rubber (new) Ford M Ltd. Glen Alden Coal Globe Under (k20c) Goldman Sach: Gulf Oll of Pa. Hecla Mining. Helena Rubin; Horn (A C) 1st pf. Horn & Hard (2%). Hudson Bay Min. IP&LDPL(E).... Imp Ofl of Can 50c. InsCoN Am (2). Intercont Pete. .. Int Petrol (1) Int Util A Int U1 B ceee Ital Superpw db rts ® - [PYPYUTPIREVINS TSP -1 % 2u % 10% b 1% 14 Direct fo The Star Office. midon Rate. 2005 High. KerrLake........ 1 & Lake Shore Min($3) 11 Lefcourt Realty pf, 1 Lerner Strs pf ww. 50s Lone Star G bédc. 1 4 Mont Lt H&T 1%.., 1 Mountain Prod 80c. New Eng Pw pf (§) Newmont Mining. . Niag Hud Pwr 1.20 Nipissing..... Novadel Agne (4). Pac G&E 1stpf 1% Pacif Tin (speD). .. Pan Am Alrwa. Penroad Corp. Ple Bakeries In Pioneer GM Ltd Pitney Bow P bd% Pub Utll Hld x w. Raymd Con pt (3). YDA, .. vesvane Richmond Radiator 2 RochG&EpfCS6.. 50s RochG&Epf D 6. 508 % | Roosevelt Field. Rossia Intl. .. Safety Car H & Lt. 1255 22% St Anthony Gold 1 Stand Oll Ky 1.30.. Stand P&L pf (7).. Stand Silver & Ld. . Swift Iatl ( Technicolo; Tech Hugh: c) Texon Ofl&Ld t1%. Tob Prod Exp(10c) Tonopah Mining. .. Trans Air Trans.., Tubize Chat Corp.. Unit Gas pf (3%).. Unit Lt&Pwr (A, Walgreen Co...... Walker (Hiram)... Wright Harg(120¢) “Y" Of]l & Gas (A).. 22 Bitesd sl 081 bt oa Byl ad, dividend. {Partly extra. $Plus ll’,.'-‘nln s & Payable in cash or st 3 djustment dly k Plus tock. lus in stock. n Plus 8 |10 Stock o Paid last years ms resuies rase. MARKET VETERAN DECIDES TO QuIT Benjamin Block Bares Retirement With Dissolution of New York Exchange Firm, By the Associated Press. NEW YORK, December 10.—Benjamin Block, & veteran of Wall Street and La Salle street, announced his retire- ment from the brokerage field today. The firm he heads, Benjamin Block & Co., members of the New York Stock Exchange, will be dissolved next week. 1t will be succeeded by Anderson, Block & Co., of which the founder's son, Horace Block, will be a partner. Block came to Wall Street Chicago 20 years ago as resident of Finley Barrel & Co., a well z:m stock and grain commission use. 2 When Barrel retired, Block, with others, acquired the firm. Block is | reputed to have handled the accounts of some of the biggest plungers in the stock and grain markets who operated over m: last 30 years. METAL MARKET. YORK, December 10 (#).— nominally unchanged. DIVIDENDS ANNOUNCED NEW YORK, December 10 (#).—Divi- dends declared, from partner NEW Metals Extra. Hidrs. of Pay- able. " record. Pe- Rate. riod. ater- $2 .. Dec.15 . Dee. 21 . Jan. 3 Reduced. Conn Gen Life Ins 20c .. Continental Bak pi.$1 .. Omitted. W Grocer Iowa 7% cum pf..$1.75 8 Jan.1 Rerular. Aloe (AS) Co pf.$1.75 Q Jan. 2 Am lx,ll (Newark Amer Opt "ist’ pf Ampere Bank & T 2 21 Dec. Dec. Dee. Jan. 3 Dee. Jan. 1 Dee. [3 Crocker First ‘Nat Bk of Frick Co Inc e, Horn & Hardart Bak- hila) . ..$1.75 5 Cp Shares..11.96c Man Fin 7% pf..4 McColl Front Oil Lid pf. _$1. ers, Nor Steamboat Co. Pacific Finance of ‘Cait . INCREASE REPORTED IN CAR LOADINGS Week’s Total 53,579 Above Last Week’s Level, but Still Below 1831 Figures. By the Associated Press. The American Railway Association announced today that carloadings for the week ended December 3 were 547,- the preceding 3 The figure for the week, however, was a reduction of 88,905 cars from the cor- responding week last year and 239,611, under the same week tWo years ago. Miscellaneous t loading di the week was 181,975, an increase ‘X’H,SH 'b:(“:m&:ov e md. lecrease of 31,580 from the correspond- ing week in 1931; coal, 121,047, increase 5,977 over the preceding week, 9, t increase 21,904 over the preceding week, but 33,508 below last year; live stock, 20,151, increase 3,038 over the preceding week, but 7,125 below last year; grain and grain products, 31,680, 5,030 over the preceding week, but 979 gelow Iu} mmrs . {arant"h products, 16,662, icrease 1,905 over the preceding week, but 3,640 under last year, and ore, 1,511, decrease 215 under the week be- fore and 1,885 under last year. The heavy increase during the week of December 3 was due in to the fact that the week showed a decline of 81969 cars, due to the ob- servance of Thanksgiving Grain Market CHICAGO, December 10 (#).—Grain prices showed firmness early today, in- fluenced by reports that only light snows had fallen in dry sections South- west. Word of increased sel pres- sure from Argentina, with cheaper of- ferings abroad were given but little no- tice. Open 3 off to Y up, Chicago wheat futures tended to advance later. Corn started unchanged to % lower and subsequently rallied. n Close Close Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., December 10.— White potatoes, per 100 pounds, 80a 1.05; barrel, 1.25a1.50; sweet potatoes, bushel, 35a80; barrel, 50a1.00; beans, bushel, 3.50a4.50; beets, 100, 1.00a2.00; brussel sprouts, quart, 8al5; cabbage, caulifiower, crate, 1.15a1.50; celery, cucumbers, g per, 50a 85, tomatoes, lug, 1.00a1.85; turnips, bushel, 15a20; apples, bushel, 50a1.50; cranberries, box, 1.75a2.65; grapefruit, box, 2.50a 3.25; oranges, box, 2.50a3.50; tangerines, per half strap, 1.25a1.75. Dairy Markets. Live poultry—Turkeys, hens, pound, 18;" gobbiers, 14ai5: ol hens and o, 13a14; chickens, 10al4; 1:3 horns, 7 old hens, 10al4; roosters, 7a8; ducks, 10a12; geese, 10a 15; (u.lnus fowls, each, 15a25; pigeons, B[ X GUIDE OPERATIONS BY MARKET TREND “In-an-Out” Traders Ignor¢ Financial and Trade Fundamentals. Special Dispatch to The Star, NEW YORK, December 10. movements in stocks give point to :fl grr:mne that the average in-and. der is not concerned with the fundas mentals of business or of finance. . If the activity is on_the of advance, that is enough for him. buys stocks. If the volume is on th¢ side of decline, he sells, content to with the crowd while knowing lhltrs takes the risk of a sudden reve: which too much company always iné volves, It is therefore significant to the prov fessional mind that in the last two of three sessions gll the volume has been recorded when prices were advancing It has resulted in the adoption of ag optimistic attitude which is not easy t4 explain on statistical grounds. Another theory widely held in the Street, particularly during this beal market, is that the railroad stocks l:lllll ml; :gmzfl of :end. Current strength e carrier issues, regardlesy of the reasons back of it, has converte ed many doubters to the constructivy side. As a matter-of fact, the rallroad outlook is somewhat better. More roads are able to offset decreases in grost with increases in net. The only quess tion, in the case of weaker roads is whether they will be able to carry the additional charges on Reconstruction Finance Corporation loans long enough to come out even on earnings. Means while it is believed that nearby mas turities for the important roads will b4 taken care of. L. & N. Strength Cited. Nearly all the railroad stocks ha given a good account of themselves late, but particular attention has attracted to Louisville & 'n: t\‘x’r“wv“e‘: usually hx':e on & un X Louisville & Ilul‘lian'lllt s e an annual basis the mldt was no:t oo;' ering charges. may ), course, that Atlantic Coast Line is ac« quiring additional stock or it may b¢ that some other road is accumulating an_interest in the Louisville & Nash- ville, but it can hardly be that in, vestors are it in anticipation of & resumption of dividends. The cut in the dividends on the pre. ferred stocks of American & news out. Holders of the low-priced utilif however, have had rather discoural 461 cars, an increase of 53,579 above | Mmon ‘week. value of all shares against 1.39 per cent on November 1. A would still ratio of Wi expected relief, a real attempt to balance the budget is anticipated and the belief persists that some compromise will be effected on the war-debt payments dus December 15, which will remove that menace to the stability of sterling ex- nhmg. on which commodity prices so largely depend. The Street Washington will not in the Iate trading, they omen for the opening the (Copyright, 1932.) ton futures opened very steady, 7 to 13 higher on steady Liverpool cables and good overnight trade and commission house buying. December, 5.83; Janu- ary, 5.82; March, 5.96; May, 6.07; July, 6.17; October, 6.33, Special Dispatch to The Star. NEW YORK, December 10.—A fur- ther improvement in cotton prices of 10 points or more today brought the mar- ket into an increased s of con- tracts and a loss of all early rise left the list a point lower to 2 points higher than yesterday. Trading was active and the rise of $2 a bale since Thursday brought more Southern selling toward the close. Spots were unchanged at 5.90. Steadiness in Liverpool and a better tone in outside markets brought early buying here and in New Orleans, while spot interests had comparatively few hedges for sale during the first hour. It had been generally expected that an improvement in the contract market would attract more cotton from holders in the South who have refused to re= lease raw material recently at the lower price level. basket, 2530; carrots, 100, 1.50a2.00 | May NEW YORK. December 10 (OP.A.) Hardy & Harmon quote bar sflver fl day at 25% cents, up %. 4 £ 5 s Seaeng DRSNS SRAD] ™ Qmtetao ; u2usEs < E' fib'fi'flhbx' - S0 LB 22 e = meeting on December 15. ocoal strike to -u-:F [ Seaan3szeas fomtamie -