Evening Star Newspaper, November 25, 1934, Page 63

FIN ANCIAL. SECONDARY BONDS INFURTHER GAINS Low-Priced Rails Again in Demand in Short Sat- urday Session. BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, November 24¢.—Due to & further recovery of secondary issues, the bond market displayed a firm un- dertone in today's brief session. Low-priced rail loans were again in demand, as were scattered utilities. The industrials, while not so active, were relatively steady. The majority of United States Government secur- ities were a trifie higher, while the foreign department was somewhat irregular. The secondary groups ap- parently were stimulated by another upturn in stocks. Total Transfers, Transfers totaled $6,280,000, par value, against $7.621.000 last Satur- day. 'The Standard Statistics Co. av- erage for 60 domestic corporate bonds advanced another 2-10 of a point to 84.3, the level at which this composite started at the beginning of the week. Gains of 1-32 to 3-32 predominated in the Federal list, although there were a few scattered small losses, and several issues were unchanged. Home | Owners’ Loan 4s eased 1-32, although at 100.27 they were still at a premium above their par call price. Among rail gainers of 1 to around 2 points were some liens of Alleghany Corp., Baltimore & Ohio, Central Pa- cific, Erie, M-K-T. Lehigh Valley | (Pennsylvania), New Haven, Frisco and Southern. Other Firm Issues. ‘The announcement that Socony- Vacuum was calling $28,000,000 of iis cutstanding obligations did not hurt the Standard of New York 4!5s of 1951, | which advanced % of a point to 1031;. Other firm industrial and utility issues } included those of Portland General | Electric, New Orleans Public Service, Marion Steam Shovel, Interboro Rapid | “Transit, General Public Service, Co- lumbia Gas, Consolidated Gas, Amer- | ican Rolling Mill and American Tele-; phone. Improvement was shown by obliga- tions of Argentina, Colombia, Brazil and Chile. The Germans were quiet, | and some bonds of Italy and Japan | ‘were a little heavy. Dividend Changes By the Associated Press. NEW YORK, November 24 —Favor- able dividend changes last week num- | bered 33, against 34 in the previous | week, according to the Standard Sta- | tistics Co. of New York. Unfavorable | changes totaled 10, against 5 the week before. Details of dividend | changes in past week: Favorable, TIncreased—Electric _Storage Bat- | tery com. Electric Storage Battery pfd, American Investment (IIl) class B. Resumed—Crystal ‘Tissue, Moore | Corp., Ohio Brass com. A, Ohio Brass | com. B, Western Grocers. Extra—Canadian Foreign Invest- ment, Domingue Oil Fields, S. H. Kress & Co., Kelvinator, Great At- lantic & Pacific Tea, Sioux City Stock Yards, com., Sioux City Stock Yards pfd., Standard Oil of Kentucky, Union ‘Trust Co. (Pittsburgh), E. I. du Pont | de Nemours, Wright Hargreaves Mines, Abbott Laboratories, Beechnut Packing, California Ink, Cincinnati, New Orleans & Texas Pacific Ry., Abraham & Straus, American Cigar, Art Metal Work, Coca Cola, Interna- tional, St. Louis Refrigerating & Cold Storage, Sutherland Paper. Initial—O. Mayer & Co., Northern Canada Mining, Reynolds Spring, Capital Transit. Unfavorable, Reduced—Nassau & Suffolk Light- | ing 7 per cent pfd., Brooklyn & Queens Transit pfd., National Tran- | sit, Pleasant Valley Wine, South Porto Rico_Sugar. Passed—Watab Paper pfd., Game- well Co. $6 pfd., Bryn Mawr Tr. Co. (Pa), Thrift Stores, Argonaut | Mining. MARYLAND .PEAR CROP ‘The 1934 pear crop for Maryland is estimated to be 94,000 bushels or 28,000 bushels more than were pro- duced in the State last year, accord- ing to a preliminary report just re- leased by the Maryland Crop Report- ing Service at College Park. Average | production of pears for the period | 1927-31 is said to have been 106,000 bushels. PRINT CLOTH STEADY NEW YORK, November 24 (P).— Print cloth cotton goods prices | steadied near the close of the week | following some easing on reduced buy- | ing. The trade hears there are sub- | stantial inquiries in the market for | first quarter shipments at current | prices, with mills disinclined to write | business on these terms. 1 | are concerned, Free Electricity Offered in Test To Increase Use By the Associated Press. NEW YORK, November 24.—The Hartford Electric Light Co. has an- nounced a one-year plan, to be ef- fective from December 31, under which each domestic customer who increased his power consumption by five kilowatt hours per month will be enttitled to the free use of 25 additional kilowatt hours per month. If he increased his con- sumption by 10 kilowatt hours per month the customer will be.en- titled to 50 kilowatt hours free. ‘The company stated its objective is to increase consumption of power so that on December 1, 1935, it may inaugurate a flat rate of 3 cents per kilowatt hour. The pres- ent rate is 41: cents to domestic consumers, CHANGE OF MOOD, NEW CONFIDENCE REVIVE BUSINESS (Continued From First Page.) be carried further or checked at the present level. The weak links in the chain are Belgium and Switzerland. France cannot carry her associates in the bloc in spite of her enormous accu- mulation of gold and the political unity of the rentier and civil classes who would suffer most from devalua- tion. It is obvious that a collapse of the bloc would mean a period of de- moralized currencies and of trade sus- pension. It would also bring the United States forward as the only country in the world with a gold cur- rency; that is, one willing to buy or sell gold at a fixed price. The logical sequel of such a col- lapse would be a quick arrangement between this country and Great Brit- ain for an adjustment in the parities of the dollar and the pound sterling as something to which the rest of the trading nations could tie. Without it, much of the benefit of the recovery in England would be lost, and a further | shock to business sentiment here would occur. For this reason it seems poor policy to wait for what appears in- evitable and take its consequences. The statesmanlike plan would be to anticipate the event and obtain sta- bilization of the dollar and the pound at a proper rate, and so ease off the effect of a break-up of the gold bloc. It might be possible to arrive at a point satisfactory to both parties to the negotiations and effective for a period of say, six months while other problems were being worked out. The important thing is to anticipate the pending trouble and not permit it to get out of control before deciding to do something to offset it. The United States has the whip hand in this situation. Its policy, |eventually, will determine what is to be done. cannot escape loss to its trade or avoid a slap at recovery it another phase of currency unsettle- ment on the continent of Europe de- velops. It is tied in with the rest of the world so far as economic matters It is important that it use its power and prestige at this critical moment to lead its competitors in the right direction. (Copyrisht. bec Alllance:iTac) SURPLUS FREIGHT CARS NEW YORK, November 24 (#).— Class 1 railroads on October 31 had 327,569 surplus freight cars in good repair and immediately available for service, an increase of 7,869 cars com- pared with October 14, at which time there were 319,700 surplus units. SAVANNAH NAVAL STORES. SAVANNAH, Ga., November 24 (P). —Turpentine, dull, 48 asked; no sales; receipts, 364; shipments, 1.687; stock, | 17,184. Rosin, dull; no sales; receipts, 1,397; shipments, 5,499; stock, 125,931. Quote, B, 4.00; D, 4.05; E, 4109; F and G, 425; H, I, K and M, 4.50; N, 4.55; WG, 4.85; WW and X, 5.15. BALTIMORE STOCKS Special Dispatch to The Star. BALTIMORE. November 2 ales 40 Black & Decker com. B 65 Consolidated Gas com . .. 2 1R0 Fidelity & Guar Pire Corp. ’ 0 New Amsterdam Cas Co " Pa_Water & Powe: 212 U S Fidelity & Gunlnxy N CORPORATION EARNINGS NEW YORK. November 24 (#.—Per share earrings of corporations reporting gduring the week with comparisons with the vrevious vear included Nine Months Ended September 30. Raybestos-Manhattan. Inc..$: Chicago Pneumatic Tool American Com. Alcohol. Life Savers Corp. ... Maytag Co. .. Coty. Inc. Vuican Dmnnmx L. &N R R. Norwalk Tire & Rubber Liauid Carbonic Co Kelvinator Corp ~ Year Ended August 31, | Loew's. Tne. ......... “Preferred. tNot av §Second preferred. 204 64 2.12 1Common. How Is Business? Showing Current Business Activity compared with the Same Week A Year Ago Tan [ res [an] Ara] way Jrone) oo ‘GENERAL BUSINESS ACTIVITY for the country indicated by llll Debits outside N. Y. City,’ ing wi Shaded areas show weeks of activity above the reeks of ths previous year, Black areas indicate declines from same weeks twelve months earlier. ACTIVITY BY FEDERAL RESERVE DISTRICTS Check Transactions u-n-ud -lnh ue same 'eek a year ago LEADING BAROMETERS Showing Trend of Business in Dollars (Checks Cashed) Employment (Dept of Labor) . Wages (Dept. of Labor) . Cost of Living (Ind. Conf. Boar Wholesale Prices (Fisher’s Index) Agricultural Prices (Dey (Fed. Building Contracts (F. W l)odu N Failures (Dun’s). Bond Prices (Dow-Jones) . Stock Prices (Composite Dov-Jonel) Stock Mkt. Vol. (Shares Trad of Labor). . Movement of Goods (Car Lo-dmzs) Retail Trade Res. Board importas % Change From Year Age I+ Eooplowmon wanowNmARL= R AEIRES sl PR S All rights reserved, Cu‘nbndpt Associates, Boston é" 34. by the North American | THE SUNDAY STAR, WASHINGTON, D, C, NOVEMBER 25, 1934—PART FIVE. BOND SUMMARY FOR THE WEEK FOR WEEK ENDING SATURDAY, NOVEMBER 24, 1934, U. S. GOVERNMENT BO 1934 = High. Low. 1017 Federal Farm Mtge 9427 Loan 35°49. Federal Farm Mtge coupon 3%s ‘64.. 1012 Home Owners Loan 2%s'45.... 967 999 998 10224 98 967 9228 Home Owners Loan Corp 38°62...... Home Cwners Loan Corp 48’51 100 27 LIBERTY BONDS. 104181004 Lib3%s1932-41...103 28 104121016 Lib 1st 4%s 32-47. 103 21 10410 101 23 Lib 4th 43 s 33-38. 103 29 102161023 L 4%s33-38cld... 102 7 1017 9426 10128 9426 TREASURY BONDS. 10211 102 14 10319 105 19 104 10 105 26 105 20 105 18 109 231012 148 1944-46. %5 40-43 Jun.103 16 % 41-43 Mar.103 16 IAl 1947-52 10424 97 3148 43-451022 Net High. Low. Close. Chge. NDS. 9824 9829 -5 10027 101 +.2 9524 961 ~.6 9823 9831 1001 10025 +.20 103 14 103 20 102 16 103 18 103 24 103 26 - 1024 1024 1006 100 4 1006 100 6 1011 1016 1037 10316 10121 10129 1037 10315 1036 103 16 102 22 103 105 24 106 2 10718 108 11124 1122 101 22 101 30 1 - Bkamaeval @ VhApridat] MISCELLANEOUS BONDS. w. Abitibl P& P 6s'53.. Alleghany Co 5344.. Alleghany bs 49 Alleghany 6s 50 American Chain 63’38 Am & For Pw 6s 2030 Am1GChemb%s’4 Am Internat 6%38'49. .. Am Roll Mill ev 53°38.. 1 4 Am Sm & Ref 63°47. Am Sugar Ref 6s°37 Am Tel & Tel 43889 Am Tel & T cl tr 6548, Am Tel & T db 65'60.. . Am Tel & Tel 6365 Am Tel & Tel 5%s 43 Am Wat Wks 55’44, AmWrit Pap 6s'47... Antioguia s A 45 Argentine 515’6 Argentine 6s A 6’ Argentine 6s°59 Jun Armour & Co 4%3'3Y. Armour of Del 5%s " AT&S Fegen AT&SFed4lan'48. Atlantic C L 1st 48’52 AtlanticC L 4%s ‘64 Atlantic Ref deb §s Australia 4%s '56. Australia bs '55. Australia 5s '57. Austrian 78 43... Austrian 7s '57 B& O1st4s’'43 110%; 105% 111% 103% 111% 103% 113 105% 11 9% 62 18 17 8% 86'% 4T3 921, 53 92 534 102 101% 106 107 100 100% B& OS W Divb6s’60. 100 Bangor & Aroos 4s ‘51 116 102% Batavia Petrol 4%8°42.. 104 94 Belgiun 6s ‘5l 105 95 Belglum 6%s°49 109 99 Belgium 78’66, 106% 957 Belgium 785 114 106 Bell Tel (Pa) 116% 106 Bell Tel (Pa) 65 C60. 65% 27% Berlin City El 6%s'51.. 67 25% Berlin City E1 6%5'69.., 52 22 Berlin mun ex 63%s°50 104 99 Beth Steel pm 5s ‘36 115% 997 Beth Steel rf 58'42... 10'3 5 Bolivia 75’69.. 11% Bolivia 8347 901 Boston & Mal 37 Brazil 6148 1926-57 3674 Brazil 618 1927-67. 384 Brazil Cent Ry 78 ‘62 41y Brazil 8s'41. 634 Bremen State T 110% Bklyn Edison 53 A '49. 104% Bklyn Man Tr 6s A '68 105% Bklyn Un Gas 58 '50. 461 Budapest 6562 104 California Pack 5s°40. 104% Canada 4860 11214 106% 114 112% 109% 17 119 12215 109% Canada Natl 4%s Canada Natl 434368 Canada Natl 6s°69 July. 1047% Canada Natl 6369 Oct.. 108% Canada Nor db 6%s 46. 105 Canada Nor db 7s 40 61 Canadian Pacific deb 71% Canadian Pac 435 ‘60. 77y Canadian Pacific 65 '54.. 3 Cent Il El & Gas b='51, 4 Cent Pacit 1st rf 4s°49 6374 Central Pacific 6s ‘60 5215 Certain-teed db 5% 48. 96 Chesapeake Corp bs'47.. ‘4%‘4 Ches & Ohio gn 4%s'92. Ches & Onio 415 A "93.. 5 2 Ches & Oh1G 4%4s B'95 105'; Ches & Ohlo con 58’39 97 Chi B&Q 111 div 4s I? 921, Chi Bur & Q gen 4s 8814 Chi B & Q 4%s B'77 96 ChiB& Qref 5371, 7% Chi & Eastn 11158’ 25 ChiGreat West 4 18 ChiMStE&P6s T5.cn 57 Chi M St P & P ad) bi 2615 Chi & N-W 4138 2037 25% Chi& N W 4%8C 2037ea 20% Chi& N W 4%s 49 64 Chi& N W6%s 36 14% ChiR 1 & Pret 4s'34 15% Chi R 1 & P 4%s ‘62, 6% Chi R L& P1st 4% 1087 100% Chi Un Sta 41,63 115% 111% Chi Un Sta 6%8°63 93 72% Chi& W lud cn 4s” 10415 843 Caid W Ind bis '62.. Tin Chile 6s5°60. 7 Chile 6s 61. 7 Chile 6s Jan ‘61 7% Chile 6s Sept ‘61, 56 Chiie Copper db 68 '47.. 8'4 Chile Mtg Bk 6s°61. 913 Chile Mtg Bk 6%s ‘67, uz 104% Cin Ut Trm bs 2020 64 CCC&StL4%ss"T 74% C CC& StL5s D'63 82 Cleve Trm 6s B*T 843 Cleve Trm 63%s. . 21 Colombia 6s'61Jan..ee 45 Colon Oil 6s'38 B 84 Colo & Sou ref 4% °35., 69 ColG& Ebs'52 May..em 663 Col G & kK 58761 111 101 Comcl Invest 63849, 27 12 ConCoal (Md) rf 6s°60. 103% 90% ConsGasN Y 4%s°61. 106 97! Cons Gas N Y 6s°67. 108 % 10115 Cons Gs NY db 6%s ‘45, 631 Copenhagen 65 '562. 22% Cuba 534845, 19% Cuba North & 214 Cuban Cane Prod 6 80% Del & Hud ref 4843, 71 Denmark 4’62 83% Denmark b%4s ‘56, 86'% Denmark 6s 42 It b 20% Den & RG W rf 6878, .« 96 Det £dison ref 68 56 98% Dodge cv deb 65 40, % 101% Duquesne 1t 434867 ... 7% Kast Cuba Sug i%8 37.. 79% Erie con 60 Erleref 6s'67 59% Erfe ref 1881% 154% French 7%s'¢1 4615 Gelsenkirchen 6834, ¢u 59 General Cable 5348 47.. 68% Gen Steel Cast 548+, 3% Gen Theater Kq 68°40. .- 274 German Bank 6838, 26 GerCnt Ag Bk 63 Jy '60. 26% Ger Cnt Ag Bk 630 "60, 32% German tien KI 68 48 23 (iermanbl%s 66 3115 German Rep s 49, 72 Goodrich 68°45. 95 Goodrich 6% s ‘47 89% Goodyear Rubber 109 102% Grand Trunk 6s°36 109% 105 Grand Trunk 18°40 87% 65 Great North 4%s D76, 9915 82 Great Nor gen 1 51 39 Hudson Coal 63 6; 50% 32 89% 72 Hudson & Man rf 6a°'57. 111 105% [1l Bell 'T' 1st rf 68 A ‘66. 88% 74 Il Central ref 4 76% 52% Illinols Cent 4%s 'C 102% 86 Inland Steel 43%s A 77% 65% Inter Rap Tran rf 6! 30 Inter Rap Tian 6s 32..; 70% Inter Rap Trnov 78 33.. A High. l.av Close. 294, 105% 107 um. 106'. 1071. 103'. 108% 109% 1091 110% 109% 1104 1 1% 95 97 2214 23 11% 84 9014 90 100% 101% 100t 100% 104 105% 10415 105 9Tl 98% 821, 83% 1074 107% 93% 944 98% 99y 99 994 98% 99% 79 T9% 4 100% 10 491, 5 10615 107 65 66'4 6538 FH1+1+010 00+ I 4+++4101 1+ 00 5's 98% 943 981, 100 108y 109 98 ¥9§ 99 993 104% 104% 1021, 1031 112'3 1 1154 11 294 3014 109% 10915 103% 104! 10213 104 41 41w 10315 103% 1033 104 111t 111% 106 1061 113 114 111% 112% 108 108% 1164 116% 1183, 118% 1215 122 108'3 1083 827 84% 951 96y 101% 3021 66 67 9% 963 72 70 T4 10255 103% 111 1110 104'; 105'« + 104'; 1 1114 1 105 106 104'; 1 102% 1 El 108 109 % 114% 114'3 905 915 102% 1021 111% 112 6813 69 48% 95%, 80% 8% 110% 111 281 24% 97% 100% 101% 103% 4 107% 10732 W 107% 108% 96% 101 101% 81 8% 18614 186% 186% 187% 67% 8% 82% 10% -2% -2 +27% 105*. 106% + % 102% 103 106% 107 107% 1074 70% 71 87% 88% — % 43% —1% 35% + 8215 —4 109% 110% — % 81 81 -% %+ % 53% 55% —1% 101% 102% + % % 79 +1% 49% 521 43 83% 85 +2%. 1914 68 1Y% 104 110% 1268, 1121 6874 10815 105 94%; 5614 911y 1031 917 8513 85 934 6215 9114 106 1081 1007 142‘1 10: 40 64 28 1025 105% 101 104% 10215 Sinclair Oil T8 A ‘37.... 978 110% 105' South Bell T & T 6s'41.. 1115 1054 T4 107 102% 1045 100 6815 9014 103% 89% 89% 106 100's £ 100 10815 100 79 4 Inter Cement 6s 4! Inter Gt Nor adj 4 Inter Hydro Kl 63 4. inter Paper 63 A 47 Inter Tel & Tel 4%8°39.. Inter Tel & Tel 43553, 4 Inter Tel & Tel 68'66... Italy 7851... s Italy P U Credit 7s '62.. 4 Japan 638’65, ' Japan 6% s '64.... Kan City South 3s°60, .. Kan City South 6s'60. .. Kan City T'rm 18t 45°60 KanGas& El 4% Kendall 6% '48 ww. Lack Stl 1st 6s 60 Laclede 6%:s D60 Lautaro Nitrate 6 Lehigh Val cn 0l2001 Liggett & Myers 63 ', Loews 6s°'41. Lorillard (P) 65’61, Lorillard 7s°44. ... Louisiana & Ark 6s'69. . Loulsville GXE Fs A '52 Louis & Nash uni 4840, McKesson & R 6%s°60. Man Ry N Y cn 4590, Market St Ry 78 A "40. Midvale St & O 6s'36. Milan 6%s ‘52. . Mil El R&L gn rf 68 '71., Mo Kan & Tex 1st 45 Mo Kan & Tx adj 6s '67 Mo Kan & Tex 53 A '62.. 4 Mo Pacific gen 45 °75. Mo Pacific rf 5sA '65. ... Mo Pacific 5s F'7T1 Mo Paclfic 55 G 'T8...... Mo Pacific 5s H '80...., Mo Pacific bs | Mo Pacific 5% Montana Power 6s ‘43 Nassau El cn gtd 4551, Nat Dairy Prod 6% s Now Eng Tel 1st 63 62, New . er P&L 4%4s'60 New Sou Wales 6857 New Sou Wales 5s '68... N Y Cent ref 4148 2013, , N YCentrf4l%s2013n.. N Y Centrt bs 2013...., N Y Central conv 63 "44. N Y Cent deb 6535 . 714 N Y Chi & 5t L 43,878, NYC&SI Lrf6%sAl4. 101% 1064 63 11y 443 117 104 110% 126% 6015 108 1041 407%, 85 9914 501 88 94 5814 42y 68 97 54 . 100% 114% 109% 11415 Y Rwys in 68 '65. N Y Steam bs ‘56 N Y Telgn 43839, NYW&Bgn4 Niag Sh Md 5%s ‘50 Nord Rwys 61,850, ... Norf & W 1st cn 48 '96., Norf & W div 4s44. No American Co 6s 61, , North Am Ed 53 A '67... North Am Ed fis C*69. North Ger Lioyd 63 '47.. North Pacific 2s 2047.... North Pacific 4597, North Pac 4% 8 2047 North Pac 5s D 2047 North Pacific 6s 204 North St P 1st 65 A Noi StaPwist6s B fl. Norway 512865, Ore Wash RR&N 43 '61.. Orient Dev 5358°T8. .00 Orient 63°53. .. Otis Steel 1st 5s A Il. . 3 Pacific Gas & El 6842 Pacific T & T 1st 55 °37.. Pacific T & T ref 6s'62.. Para-Fam-Lasky 6: Paramount Fub 585 2 Pern RR4YSE'$4.... Pennacn 4% '60. Penna gen 414565 « Penna 48 D'70 Penna 4%s'63. Penna bs 64 Penna gen 6368, Penna 6% s Penn Pw & Lt 4143 81 Peru 6s '60. Peru 6561, Peru 7s'69. Philadelphia s Phila Elec Co 4871 Phil & Read C&l 6s'49.. Phillips Petrol 1% s39.. Poland 6540, Poland 7s Poland 8s ‘50 Port Gen El Postal Tel & Ca bs 53. Prussia 6s ‘52, Prussia 6%4s 61, Pub Sve E& G 45°71 Pub Sve Gas 4%4s'67.., Pub Serv Gas /148 70 Pure O1l 53537 Queensland 68 47, Queensland 7s '41... Reading 4148 A 97.... Rem-Rnd 6% A'4T ww. Rhinelbe Union 78 '46 Rhine Ruhr 6s ‘53, Rhine West 6 '52 Rhine West EI P 65 '63.. Rhine Wst El 63'55 ww, Richfield Ol Cal 6s '44., Rio De Janeiro 6% s '63.. i Rio Grand Do Sul 63 '68. RIATK & L 15t 434834, Rome 614562 Royal Dutch 4s'45 Rumania 7s'69 SL1M&S R&G 4s°33.. StL&SF4sA'50 . StL&SF 4%s'78 . StPKSSList4}%s4l, Sao Paulo State 78 '40..; Sao Paulo ¥s'60. . ' Saxon Pub Wks 63551, Saxon 78 '45..... Seaboard A L ref 4 Seaboard A L 63°45..... Serbs Croats Slov is 62, % Shell Union O11 68 47... 103% Shell Unfon bs ‘49 ww.,. 101 Sinclair O11 6% s B '35, ,: 104% 108% 961, 1091y 108% 1071y 6313 5 61 100 841, 106 1093 106 9914 10 10' 16'y 90% 10073 104 - 107% . 1048, 99 33% 311 3915 40 394 8413 Skelly O11 6348°39.....4 Souwst Bell T'el 68 A’5. 53 South Pacific col 4549 70 South Pacitic ref 53'4 South Pacific 4345 53 South Pac 4348 69 ww, 52 South Pacific 43581, 83% Soutn Pac Ore +4s 11 Southern Ry gn 48 Al 56. 86 Southern Ry bs'94 69 Southern Ry gn 68 73% Southern Ry 6%s ‘56 Stand Ol N J 68 °46. Stand Ol N Y 4%s°61 Studebaker Corp 6s'42.. Tenn El Pwr 65 A '41.... 7% Texas Corp cv bs Texas Pacific by B ‘7 Texas Pacitic 6s C 79, Third Ave 1st rf 43 °60. . Third Ave adj in 65°60.. 4 Tob Prod N J 6% s 2023. ‘Tokio 53%s "61 I'okio Elec Lt 68°53. Un El L & P 6367, Union E1l L & P 6% Union Pacific 18t 4547, Union Pacific Unlon Pac 1st rf 48 2008 United Drug 68 53 U R Rubber 6341, Unit St Wks 6343 A *47. Unit Stl Wks 6365 A '51. Unit Stl Wks 6%s C"51. 27% Uruguay 6s ‘60. 571 Utah Pwr & Lt b8 1815 Util Pow 6849 ww. 22% Utilities Power 5%s "47 62 Vanadium cv bs'41 5 Vienna 6s ‘6 Virginia Ry 1st 63 A '62. Wabash 4%s 78, Wabash 1st 6s '39. Wabash 2nd 6s°39. Wabash 65 B 76..00000e Wabash 5%s8 6. Walworth 6s A "4 35% 57 Warsaw 78 ‘68, West Shore 1st ¢s ll(l. Western [lec deb 55 44. Western Unton Western Union Westphalia El P 3 97lfi Wilson & Co 1st 6341, . 108% 66 Yokohama 9% 74% Youngstwn St15s A 8714 T4% Youngstwn Stl 68 B'70. 87% ‘ 10815 114% 40 B 8y 1047 1083 103% 106 86! 86 A 1004 841y 9014 87% 8% NoY, (Continued From Page ~1034 — Stock and Sales— High. Lew. 5% 11 Symington (A).... 15% 6% 29% Tl Telautograph (1). 3% Tennessee Corp. 19% Texas Corp (1). 30 Tex Gulf Sulph (2). 214 Tex Pac Coal & O1l. 6% Tex Pac Land Trust 8 Thatche Mfg(h25¢c) 39 Thatcher Mf pf 3.60 4 The Fai 50 The Fair b 214 Thermotd Co 4 Third Avenu: 13'4 Third Nat in (h85c; 47 Thomp'n(JR) (50¢). 10 Thompson Products 1% Thompson Starrett. 8 Tide Water Asso 64'% Tide W A pf(§6%).. 80 Tide Wat O1l of (6). 3% Timken-Detroit. ... 24 Timken R B (11%). 5% Transamerica h26e. 415 Transue & Willlams 314 Tri-Contl Corp. 60% Tri-Contl pf (6 33 Trico Prod (23%4) 1% Truax-Traer Coa 3% Truscon Steel. 1% TwinCity RT...... 6 Twin City R T of. 39% Un Bag & Paper (4) 357 Un Carbide & C 1.40 13% Un O1l of Calif (1). 90 Union Pacific (6)... 71% Union Pacific pf (4) 15% Un Tank Car (1.20). 81 Unit Afrcraft...... 3% Unit Air Lines & T 8 Unit Am Bosch. 21% Unit Biscuit (1.6 107 * Unit Biscult pf (7). 35 Unit Carb (2.40) 2% Unit Corp. 24's Unit Corp pf (3) 9% Unit Drug. 3% Unit Dyewood. 59% Unit Dyewood pf(1) 3% Unit Elec Coa 59 Uit Fruit (3 113 Unit Gas Imp(1.20). 86 Unit Gas Im pf (5). 4 Unit Plece Dye Wks 303 Unit Piece D W pf. 115 U S Distributing. . 4 U S Distributing p! S Express & Forn Secur. & For 1st pf(6). Freight (1)....x S Gypsum (11%). S Leather (A)... Pipe & F (60c). P&F 1st pf 1.20, Realty & Imp.. 96% U S Smelt & R llS . 545U SSm &R pf(3%) 29% U S Steel 671 U 8 Stoel of (). 99 U S Tobacco (5 2% United Stores (A). o 40'% Univ Leaf Tob (13) 111 112 Unv Leat Tob pf(8) 160s 167 UnivPictures 1st pf 1008 | nq 46'3 Dividend Rate. Add 00 mll. Gypsum of (7). 1508 1397, 1l 4 35 FINANCIAL, 2) ln' clnu cnu 4% Univ Pi 5% 8 4% 21% 34% 314 84 15% 45% @ 1% Va-Car 10 Va-Car 59% Va-Car 65 VaEl& 52 Vulean 2% Wal 4 Waldor 84% Walgre 45 51% West P 8% West P 89 West P 1% Wester: 13 Wester! Tia Wester: 9% Wester: 43 Wester: 15% Westin; 277% Westin; 16 25 Wheel 34 15 21% Whi Wheeli: 215 Wilcox 27'% Wilcox 4% Wilson 12% Wilson 53 Wilsom 313 Worth 23% Worth 541 Wrigle: 14 2% Yellow 28 Yellow 13 34 Y'gst'n: 1% Zenith 3% Zonite s on nit of trading ock. a Pai 32% 33 \m Plus 5% in stock. Stock and Dividend Rate. 1% Util Pwr & Lt (A) 54% VanRaaltelst of(7) 24% Vick Chem (12.40).. STOCK EXCHANGE SUMMARY Bales— N Add 00. High. Low. Close. Chg M 1% - 16% 15 2% 2 pe & R pf. ~ 17% 9 §7' 1 19% Chemical... Chem 6% nf Chem 7% pf Pwr pf(6). Detin (h3) P (A) (k). 1% Wabash pf B (k)... f System. .. 17% Walgreen Co (m1) en Dt (634 ) 2% Walworth Co....... 5 Ward Baking (A). 2% Warner Bros Pic. .. 15 Warner Bros Pic pf. 1% Warner-Quinkn. 5% Warren Bros. . 13 Warren F & P (k1 3 Webster Ei % Wells Fargo. 15% Wesson O & 8a(11). 5214 Wesson O&S pf (4). 4415 West Pa Elec A (7 West Pa Elec pf (6) nloh! enn El pf(7) ennPw pf(§) ennPw pf (1) n Dairy pf A n Dairy pf B ME .. n Md 24 pf.. n Pacific pf 29 Western Union. gh'se AB 0o ghouse Elec. 6 Weston Floclnn Weston El 147 Westvaco L,hl 40c) & Lake E pf. 115 Wheeling Steel. . ... ng Steel pf. White Motor Rock M 1% White Sew Mch.... 5 White Sew Mch pf. Ot & G Rich A(235) &Co.. & Co lA) & Co p£(§7). 41% Woolworth (2.40). 13% Worthington Pmp. Pumppf A Pump pf B 16% Wright Aero. ... Y(W I 13% x Yale&Towne(60c) Truek. Truck pf YoungSp&W(11%). 12% Younzstown S & T S&TDIAS Radlo. Produ iven in the above table are the annual ci the iatest quarterly or half-yearly declar less than 100 shares tPartly extra. 2P d last year—no regular rate. ock, , LI, S] in spec h Paid this year. nted & Companies reported o receiversnip. 1 Bv dividend York Cotton By the Associated Press. NEW YORK, November 24 —Cotton | held steady within a narrow range ! today. Near month liquidation was absorbed by the trade, and there ap- | peared to be some scattered buying on | a more optimistic view of the general business outlook. The market closed steady at net advances of 1 to 4 points. A report from Washington said the | acreage program for 1935 would call | for a reduction of 25 per cent in the base acreage with a view to obtaining | under normal conditions a crop rang- | ing from 12,000,000 to 13,000,000 | bales. | This was considered about in line | | with previous advices and had little | . | effect on the market, which appeared | chiefly interested in the evening up | of December contracts preparatory for notices on Monday. The amount of cotton on shipboard awaiting clearance at the end of the | week was estimated at 116,000 bales .| against 197,000 last year. The range follows: High. 12.30 12 12.47 Low. 1227 12.35 12.44 Last. 12.29 12.37 12.47 12.45-46 December | January | March | May 1246 1243 July ........ 1241 1237 October . 12,05 1202 Spot .,wad\ middling, 12.55. Cottonseed Oil. today, closing 5 to 10 points net higher. Sales were 16 contracts. The | steadiness was due to covering and | { Wall Street buying, promoted by the firmness of crude and lard. Bleach- | able spot nominal; December closed, 9.50; January, 9.46; March, 9.53; May, 9.69. ) PRODUCE EXCHANGE NEW YORK. November 24 (#).—Closing | Produce Exchange stock list: Seles in hundreds. 4 Aetna _Brew, 6 Allied Brew 1 *Austin _Silver B G Sandwich Bon Ami_ B “Como lHendr'ck Ranch 5 Horn_Silver 10 Lockheed Aircraft. | orthampton Br pt enn York O&G A 10 *Pete conv_ . & *Tex Gulf Prod 2 Willys Overl . *Listed. Stock sales today, 12.000 shares. Bond sales today. none. CHICAGO LIVE STOCK. CHICAGO, November 24 () (U. S. De- partment of Agriculture) —Cattle. 500 commercial: no Government: calves. 300 commercial: compared Friday last Week. prime heavy steers strong. others weak to cents lower: ‘ton. 9.00; with quotable: best light, steers. 0.40; £o0d and choice light and long vearlings 4C higher. such cattle scaling 85 1.100 pounds:’ extreme top,_| lonl y(lrlml‘ ©.10: medium yenrnn:s 25 higher. omnon IAnds 25 Jower: best 1 045-pound Yflrlmn . 8.90: bulk steers and yearlings. T5a8. bulk heavy steers. 6.00a8.50. with better Erades at 9.00 upward: more common. short-fed heavy and lig in run than any time this season: strictly grain-fed heifers strong. load-lot too. 8.10: most heifers. 6.00 down to 200, these 25a40 lower: all Cows regain- ing early decline. strong to shade hizher: bulls steady and vealers 50a75 lower: thr!! doubles from feeding st: rece " oompared - Friday’ last week. Slaighter [xmbs 40050 higher sncep sirong up _feeding lambs weak to 25 lower: SRarvation runs_ prineipal factor behind fa ‘advance! week s lop, @80 for several to shipper interests late: clos ke ufl'ss 6.50 mosll; 6.75: 5.00a5.85: bulk. 5. ard. Stoss i 000 including °i 30500 direct: market nominally steady: top. 6,00. Hhip- pers took 100: estimated holdove ooMcial ettimateg receibts of e stack for Monday. Hogs. 35.000: cattle. 17.000; J,(h'?‘efi‘ o1 3-000: all next hoss Cultivate the thrift habit 5% S-??ncs Home Loan & Savings Ass'n. 1505 K St. N.W. Under Supervision U. 5. Treasury Dept. T g ey Me"and Ve INSURANCE STOCKS | . NEW YORK. November 24 | York Security Dealers’ Association & quotations.) Conn Gen LI (80) Fid & Dep ('31) Firemens Ins ank Fire (1.10%) Glen Falls (1.60) Globe & Rut : Gr?u Amer | Ho! mexn Fire . s Bond mn me | Nor' Rwer. 0% Phoenix (3*) | Prov Wash « | St Paul Fire ()" Sprinefleld (412) Sun Life . 3 | Travelers (16} S Fire (1.70% "] ‘wmmmu 140 “Including extras. S0 far this vear. |NEW YORK BANK STOCKS | . NEW YORK. November 24 (P —New York Security Dealers’ Association “Declared or paid | Bankers Tr () . Bklyn Tr (4) Cont Bk & Tr ( &0\ Corn Ex Bk & Tr oston Corp ‘nm Natl_(100 Suaranty Tr (20) G Ty (2 Irving Tr (1) . Manufacturers’ Tr (1)". Natl City (1) . |N"Y Trust ‘5 Fublic (113 ", | Title G &°T | Tieed & e rons *Including extras. FEDERAL LAND BANKS 'ORK. November 24 (#.—Fed Land Bank vonds o Max & No |Bid Acked 1002 " 1001 1003 1001 10015 35 10118 . 1941-31 36, . .. 1003, 10038 10035 ]mlin FOREIGN EXCHANGES. NEW YORK. November 24 () —Forelen exchange irregular. Great Britain in dol- lars, others in cents. Great Britain, de- mand. 4.09%: cables. 4.00% 408 d. 6. & ;' Greece, akia, 4.180 u 1% &0n: Hun ary. Argentine. n—Nomin: e ] GENERAL INSURANCE! Fire, Tornado, Automobile, Burglary, Liability, Bonds. COMPANY Realtors 721 10th St. NAtional 0765, M ORTG A G You can interest Forty Years of i more. Experience First Mortgage Investments National PROPERTY (2 —New | 60-day bills, 91:" cables. | of the mortgage. protected by improved real estate. Available in amounts of $250 or MONTREAL SILVER. MONTREAL. November °4 utures closed easier. Sales | December Ma; Applications invited for Loans on apartments. business and residential properties. Tyler & Rutherford, Inec. Mortgage Loan Correspondents Mutual Bemefit Life insurance Co. 1520 K St. N.W. Na. 0475 Internationally Famous for Nearly a Century (Since 1858.) 1107 Connecticut Avenue “Where Savings Are Safe” Columbia Building Association 716 11th St. N.W. NAt. 6543 Ample funds avallable to refi- pance existing trusts or modern- ize the home. STATISTICAL SERVICE Up-to-date information as to earn- ings, quotations, etc., available on your holdings of stocks and bonds. ‘We subscribe to two leading services. INQUIRIES INVITED WaGeamaNn ; BRAWNER & Co. cnc. “10 Low-Priced Dividend Payers” With indications of higher prices for selected stocks in the next few months, trial subscribers will wel- | come THE FINANCIAL WORLD'S | important analysis entitled “10 Low- | Priced Dividend Payers.” “Vital Facts on | 50 Leading Stocks” Return this “ad” and $1 for above new 100-page haok, together with Ynett 4 highly important issues of America’'s 32-year-old Investment Weekly and a copy of “Independent Appraisals"—the pocket manual every investor needs for ratings and essen- tial statistics on 1300 stocks. %FINANCIAL WORLD | 53.FM Park Place New York E BUILD UP A FINANCIAL RESERVE —through investment in our FIRST MORTGAGES compute the return for the is fixed throughout the life And principal is B. F. SAUL CO. REAL ESTATE 2100 925 15th St. N.W. MANAGEMENT