Evening Star Newspaper, November 28, 1934, Page 12

RISE CONTINUES AT STEEL PLANTS Production at 29 Per Cent of Capacity Compared to 281/, Week Ago. By the Associated Press. NEW YORK, November 28.—“Steel ! production has risen from 2812 to 29‘ per cent of capacity, registering its| sixth consecutive weekly increase,” | says the Iron Age. “A large part of the gain is attributable to heavier orders from automobile parts makers, although the mills are also receiving | more support from the motor car | makers themselves and from the farm equipment industry. Still another factor is coraseasonal expansion of tin plate production from 40 to 45 per cent of capacity, which is various- |B. & O. Discloses October Drop in Both Gross and Net Special Dispatch to The Star. BALTIMORE, Nov. 28—Both gross and net earnings of the Baltimore and Ohio Railroad Co. showed declines in October as compared with the like month last year, the report just made public reveals. October railway operating revenues totaled $11,035.589, a decrease of $1,- 938,500, as compared with the 1933 month. Net railway operating income was $1,999,673, as against $3,003,893 in October, 1933, a decrease of $1,004,220. For the 10 months ended October | 31, railway operating revenues totaled $114,707,185, an increase of $4,140,191, as compared with the corresponding period a year ago. Net railway operating income was $20,306,229, as against $25,683,329 in the first 10 months of last year, a decline of $5,377,100. CHICAGO LIVE STOCK. GHICAGO. November 28 « (Upited States Department of Agriculture).—Hog: ly ascribed to larger exports and heavier domestic purchases for stock. “Miscellaneous demand for flmshed‘ steel shows little expansion, and the requirements of the railroads and the | construction industry have shown no | material increase. Hopes for further | gains in tonnage in coming \w:eks are, therefore, based on the expecta- tion that direct orders from motor car makers will mount as soon as the last kinks in their new-model pro- grams have been straightened ocut. ‘Whether a heavier flow of steel to automobile manufacturers will be offset by a tightening up of orders from other sources as the year-end inventory-taking period approaches remains uncertain. The increasingly short intervals at which orders are being received, however, suggests that excess consumer stocks have been liquidated and that there is little pos- | sibility of further deflating them. “The Iron Age scrap index, after five consecutive weekly advances, re- mains _stationary at ton. The failure of scrap to con- tinue its upward trend means noth- ing more than that higher prices brought out scrap faster company consumption increased. “The reaffirmation of pig iron and | steel prices for first quarter will un- doubtedly release layed buying, especially contract ton- nage for the first three months of next year. Nevertheless the filing of prices has had a stabilizing effect on the market. “Rail mills have been authorized to book business at unchanged prices until March 1 for shipment before | July 1, but little tonnage is in sight. “The Iron Age composite prices for pig iron and finished steel are un- changed at $17.95 a ton and 2.124 cents a pound, respectively.” MARKETS TO BE CLOSED ON THANKSGIVING DAY By the Associated Press. NEW YORK, November 28—Se- curity and commodity markets in New York and throughout the coun- try will remain closed tomorrow in observance of Thanksgiving day. $10.33 a gross | considerable de- | including 11,000 direct 350 pount pounds. 4 pigs, Imu xzhls 3.5 un packing sot ood and choice, 140-160 lm:‘: weight. 161 0 i5 pounds, pound: Hiedium and good." 5850 D d | Pounds. > 50 c 4 100-130 10 commerclal. 100 Gov- . 2,000 commercial, no Government: fed steers and yearlings | steady to strong; demand fairly active: supply abatement this week locally and at other markets main stimulating fac- tor: all except common and medium | weighty_ steers getting broad outlet: all other "killing classes firm to unevenly higher: top 10.00 paid for fed steers with weight. both commercial and show throwouts bringing the price: best long yearlings, §.40: vealers, 23a50 higher at Wans0. Sl e "and vealers: 2900 pounds, [ 54!:1’ 505 e chaice, tle. ernment: caives. choice, 2908 0o1. 500 pounds, 420und ‘medium common lnd cutter. _common and vealers, good and medium, _4.50a5.00 3.00a4.00. " Stocker and s, ®ood and _choice, 4.0085.25; common 10; cull and common, 1 (it than steel | Opening indicati steady on_desirable fat lami bulk better grades held 7.25 upwa | early bids around 7.00 usually refused sheep " little changed: feeding lambs scarce: quotable steady 10 pounds down. good and chojce. 40; com- mon ‘and medium, ew zood ‘and choice, 1.6 common _and_medium, ,,30-75 pounds. 0, 150 pounds, all weights a90; feedin g0od U. S. TREASURY NOTES. (Reported by Chas. D, Barney & Co) Bate—Maturity, | Bld e 3 2 101 100 19-3: RUBBER FUTURES NEW YORK. November 28 (P .1_Crude Banking operations also will be sus-| pended for the day. DAILY SHORT STORY- SHOWDOWN ian Simply Insisted That Mathew Ask for a Raise and He Did, to Her Great Chagrin. BY HAROLD KERR. ATHEW and Vivian sat down to the unpleasant task of reviewing the month’s unpaid bills. It was uncomfortable to reflect that the chairs which they sat on weren't really their own, and moreover the true owners were becoming a little insistent about payment. “We need red ink to check these with” muttered Mathew, letting his hands run expres- sively through the sheaf. Vivian spoke crisply. “You mean we ought to have money to pay them with. Two people might be able to live as cheaply as one. but you and I must be two other fellows.” “But, Peach,” protested Mathew, “I'm making $30 a week!” “In other words, I'm extravagant, “But the fact is that in another month we'll be so far behind that the furniture people will be demanding their goods back, or else. the head of your department, aren't you? You deserve a raise in salary. You'll simply have to ask for—and get it, too!” “Now, Peach, you know how Beards- 1y is about those things! It's better to wait until he gives it to me volun-J tarily. Vivian bit the end of her pencil| to check an angry retort. ‘“‘Suppose, then,” she sighed, after a hopeless glance at the total, out another way to get hold of $234, and also provide for the maintenance of this household.” The cold numbers dismayed him. Pressing the advantage of his con- sternation, she concluded, “It’s either ask for that deserved raise in salary or move back to my mother’s house.” Mathew sprang to his feet. “Now, Peach, your mother is sweet and all that sort of thing, but she’s got her own worries, and it'd really be an imposition on her ah—hum—good nature.” He coughed. “Ask Beardsly tomorrow morning, then,” she demanded. “You're not afraid of him, are you?” she inquired slyly. “Who, me? Afraid of that old weasel? Say, Beardsly values me highly, says there’s no one as effi- cient as me in the entire office.” He was belligerent. “Well, then, it shouldn’t be hard to persuade him” Mathew was caught, and realized 1t with some dismay. She coaxed him now. “Then it's all settled? Oh, there are so many things to buy, once ‘we clear up these bills. Shoes, stock- ings, a Fall frock . . . and you might even get yourself a few new neck- ties,” she added generously. “All right, then,” muttered Mathew grundgingly. He swept up the sheaf of bills and crammed them into the table drawer. “You know,” he re- flected cautiously, “maybe I'd better ‘wait till Saturday before I ask Beards- ly about the raise. Monday is really a very poor day for that sort of thing- Vlvlan s pretty face began to quiver. She was playing a part, but a very important role. It wasn't a case of sanctimony. They actually needed “YOU DIDN'T ASK BEARDSLY!" And you're | “that you figure | money. And the threat of moving to her mother’s house dismayed her also. She contrived to squeeze out a tear, accompanied by a tiny sob. “Oh —and eafter you promised, t00.” Mathew became frightened. Tears always frightened him. He hurried to console her with his arms. “Now, Peach, ’course I'll ask him tomor- row.” He bit his lip. “Let’s go to bed and sleep on the idea of a new dress for you.” She brightened im m ediately. “I know you won't fail—" The next morn- ing Vivian sent Mathew off to town with a speciall sweet embrace, | and a tender reminder that she'd | call up the most insisteni of their | creditors and promise a partial pay- ment within a week. All day she pored over the new fashion magazines, imaginatively pur- chasing a hundred new frocks and coats. She didn’t forget, however, to prepare a supper for Mathew, which included most of his favorite dishes. This would be his reward. He came home a little after 6. Without even speaking to him, she | detected something wrong. His whole | bearing denoted failure. She stared, | broken hearted. She sobbed four bit- ter words before fleeing to her room and locking the door.. “You didn’t ask Beardsly!” He tried to apologize, but she wouldn’t listen to the memorized ex- cuse for his failure. There was no breakfast for him the next morning. With tremendous ex- aggeration she told him that “there simply is no more money for food.” And then dangerously, “either you ask for that raise today or expect to move to mother’s house next week!” She wouldn’t even let him kiss her good-by as he left for the office. Then he became angry. From the bottom step of the porch he shouted: “All right! I'll see that there’s more money in this house by Saturday or lose my job!” He strode away without looking back. Vivian was frightened. If he kept that mood as far as the office and displayed it to Beardsly, the conse- quences might be disastrous. She waited apprehensively for his return. At 5:30 she went to the win- dow and watched for his appearance. At last she saw him approaching. Her heart leaped when she noted his buoyant step. And he was smoking a long cigar. Nobody except Beardsly could have given him that! She ran to greet him at the door. She trem- bled with anticipation when he smiled down at her. He removed his coat with a clumsy imitation of a self-important execu- | tive, and exclaimed: “Well, Peach, .guess we can afford a few luxuries |now—maybe even a car. I told Beardsly flat to his face that we need- ed more money, and—" Vivian thrilled. She was proud of him then. “Sweetheart! How much of a raise did you get?” Mathew's face clouded. He looked at her blankly. “Raise? I didn't get a raise. I gota job for you as filing clerk; $17.50 a week!"” (Copyright. 1934.) THE Electric Power Output Reveals Increase in Week CLOTHING ORDERS Retailers End Hand-to- Mouth Buying Policy Fol- lowed During Summer. By the Associated Press. NEW YORK, November 28.—Elec- tric power output for last week to- taled 1,705,413,000 kilowatt hours, compared with 1,691,046,000 the pre- vious week, the Edison Electric Insti- tute reported today. The increase over a year ago was 6.1 per cent, compared with an in- crease of 4.6 per cent the week before. Regional percentage gains from 1933 for last week were: New England, 16, against a loss of 3.5 the week before; Middle At- lantic, 4.1, against 3.0; Central In- dustrial, 5.3, against ; West Cen- tral, 6.5, against 13; South, 17.9, against 15.6: Rocky Mountain, 10.4, against 5.6; Pacific Coast, 1.2, against 2.9. FEDERAL LAND BANKS NEW YORK. November 28 (P—Fed- eral Land Bank bonds 2 (Quotations as of 2 o'clock.) X May & Nov, 1041 Ja q By the Asscciated Press. NEW YORK, November 28.—The enlarged consumer demand for wear- ing apparel of all types has finally | forced retailers to abandon the hand- to-mouth buying policy, followed through the Summer. Substantial replacement orders are being booked in the New York whole- sale market. After several months of exceptional- Iy low volume, clothing manufacturers were the first to feel the effects of sustained retail sales. Orders poured in so fast during October that many were prompted to advance prices. With the approach of the holiday season a continued broadening of con.sumer‘, demand would bring about a higher |4 rate of activity in this division than | has been enjoyed in some time. While demand in the Fall lines gain was concentrated in the popu- lar-priced brackets, a survey made by the Fitch Publishing Co. revealed that interest has increased materially in higher-quality grades, and sales of tuxedos and full-dress suits have ap- proximately doubled those of a year | ago. The same situation was found | to prevail in the hosiery division, where a stronger demand for the higher-priced lines is expected whnld‘ prices unchanged on Spring lines, | which are to be opened about the middle of December. While shirt manufacturers have re- ported a good pick-up in orders, they have been eager to stimulate volume | from the sluggish activity prevailing ' Great Noithern Ry. > during the Summer, and have not | lilinois Central 6}2s yet advanced prices, despite the fact | ot el & that a 10 per cent cut in hours of workers goes into effect on Decem- ber 1 Retail sales of hats of all types are reported to be running about 10 | per cent ahead of last year and rush | orders placed with manufacturers in- | dicate the existence of only limited stocks in the hands of merchants. 100'3 SHORT-TERM SECURITIES. (Reported by Chas D. Barney & Co.) Allis-Chaimers Co. 5s 1 Conhit. Cors Gen’ Pub. Service Gotham Silk Hos. 6 Grand Tr. Canada 10033 108% R i Fortiana Gen El Pure OH Co. 514! Rep. Iron & Steel Sinclair Cons. Oil Vanadium Corp. Wabash Rwy. Co | Warner Bros. fis 14 [ B Bl iise N Jer P & Li 36 pf. Do. 85 pf 3 ,Ohio Edis $7.20 pf. . Do. 87 pf.... :l | By the Associated Press. | of ‘emergency expenditures) | penditures. $1.: EVENING STAR, WASHINGTON, D. C, WEDNESDAY, NOVEMBER 28, 1934, IDEMAND FORGES DIVIDENDS ANNOUNCED NEW YORK. November 28.—Dividends declared (prepared by the Standard Sta- tistics Corp.): Washington Exchange SALES. Lanston Monotoype—?5 at 48. AFTER CALL. Liberty National Bank—10 at 75. Capital Transit Co.—10 at 28. Wash. Rwy. & Elec. pfd.—10 at 10015, 10 at 100%%, 10 at 100%%, 10 at 10015, Notice—This exchange will be closed tomorrow, Thanksgiving day. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Asked. 108" 7 Hartfore Ruberoid Co. Detroit Motor Bus. Backstay Welt.......55¢c,. 12-5 Increased. 15c @ 2-1 Reduced. N Eng G & Elec pf...75c .. 11-30 Passed. Anllo Persian Ord Reg. Interim dividend asse Anglo Peisian Ol A D R for Ord Reg. In- terim dividend passed. Resular. 12-20 Chain Belt. .. 2-15 1-1 Amer. Tel. & Tel. 438 '3 Amer. Tel & Tel. ctl. tr. Anlcoll(ul & Pm R Tok o Ve 58 cou tai Traction R R Cicy & Suburban Am_Can -15 | Am’ Hosters.! Am m‘” Bozton ov,e cirer Bhiemic Crowell Publishing Empire State Insur Irving Trust Co (N' Kresge (8 &) pf. Eexington Union' 8t Metropol EQ $7 of.. Do. $6 pf.. Gas 58 1960." Wash. Gas 6s, series B. Wash. Ry. & Elec. 4s. MISCELLANIOVI. Barber & Ro N B NP Binance A." e SO Sibiass s, Do. B - STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (8), glbll‘ul Transit Co.. Co. (3.80) Pot. Elec. Power 6¢; pfd. . Pou. Elec. Power 513 pfd & El. com.” (7) wah By £ R S ) NATIONAL BANK. DE "L Promier Gald M Publicat'n Co st v! $1 Do. orig pf $1 Ruberoid Safety Car Heating & South Carolina’ Power_ S6pf $1 Union Carb & Carbon Wesson Oil & Snowd . 1% Yale_& Towne Mfg Am Safety Raz Cor Mathieson Alkali Co. DODOOOOOOOOOOOBOOOWOD. OOm DOOO | Capital (4) Liberty (). Cincoln (5) Riggs com (8} Risss ptd. (5) | Washington (6 | TRUST COMPANY. Amer. Sec. & Tr. So_(8)... 180 | National Savings & Trust.'. 100 175 000D O ! Wash. Loan & Tr. (R nvaDs BANK. Bank of Bethesda (3)..... 25 Com. & Savings (4)... 150 FIRE INSURANCE. American (1) Corcoran (2.30). Firemen's (i.60) National Tnion (60) L TITLE INSURANCE umbia (.30) ‘Rul Estate (6.00)" TOBACCO FUTURES. | NEW YORK. November 28 (#).—Tobacco futures opened Guiet. Previous January March . May .00 July n—Nominal. U. S. TREASURY POSITION. MISCELLANEOUS. Garpel Corp. (1).. The position of the Treasury November D. C. Paper Mix pfd = 8 405,14 oxpendluu;‘u 1 317 "Cistoms receipts for ‘the month. 4,905,68:1.80 ) | Peopies Drug 8t nm NG .sm-nn gRectiots for the fiscal year (since July Resl Est. M. & G £ Security Storage ( l . Ter Ret. & Wh Corp, (3] (. | Wdwd. & Loth com. (150). 28 | wawa: & oth sia D% 170k *Ex-dividend. excess R R i | w\\ GULF NO-NOX ETHYL ‘AVIATION GRADE GASO LI NE Quz'cker STARTING Hz’gber ANTI-KNOCK with 4 Additional Points of Superz'orz'ty AT NO INCREASE IN COST! AVE you heard about it? . . . Have you tried it? ... That new, quicker starting, higher anti-knock Aviation Grade No-Nox Ethyl gasoline for motor cars! If you haven’t . . . then look for the “Sign of the Orange Disc” that identifies Gulf stations and dealers . . . drive in and fill your tank! For this new No-Nox Aviation Grade gaso- line will give you quicker starting on cold mornings . . . . It will warm up your engine faster . . . give you more available power ... get you away *WHAT IS AVIATION GRADE? Gulf No-Nox Ethyl Aviation Grade is the finest motor car fuel available, regardless of price. Its high octane rating has been further increased. Its distillation characteristics conform to those of the United States Government specifications for aviation gasoline. Makers of that GOOD GULF GASOLINE AND MOTOR OILS faster in traffic . . . give you more anti-knock power on hills . . . and more economy for city driving. Everyone knows that there has always been an especially fine gasoline made for airplanes . . . but up until now it has never been avail- able for use in the new high compression ratio motor cars. Now it is ... in Gulf No-Nox Ethyl Aviation Grade Gasoline . . . at Gulf stations and dealers. Drive in and try it! It's an ideal fuel for winter driving. No increase ia cost. **WHAT ARE THE 6 POINTS OF SUPERIORITY? 1. Quicker Starting 2. Quicker Warming Up 3. Better Acceleration 4, Less Crankcase Dilution 5. More Available Power 0. Increased Anti-Knock Properties NEW YORK BANK STOCKS NEW YORK. November 28 (#.—New York Security Dealers A:sci.at.u. (Quotations as of 2 o'clock.) Bid. Asked, agty au BRIz B0y BALTIMORE PHONE EARNINGS IMPROVE | Net for Ten Months at $2,195,644 Compared to $2,066,660 Re- corded Last Year. Bank of Manh (2). Commercial (%) Cont Bk & Corn Ex Bk & pire Tr (1) Fifth Ave (*34) First Boston Corp First Natl (100 ‘Gulr-nly e Irving Tr 1) Special Dispatch to The Star. BALTIMORE, November 28.—In October operating revenues of the | Manufacturers Chesapeake & Potomac Telephone Co. | N*y ', of Baltimore City, serving the State | of Maryland, amounted to $1,100,019. Operating expenses, including taxes, amounted to $877,647. Net operating income amounted to $222,372. For the first 10 months of the year operating revenues were $10,654,392, as compared with $10,200,985 for the | similar period in 1933. Expenses, in- cluding taxes, were $8,458,748, as com- pared with $8,134,325. Net operating income for the 10 months amounted to $2,195,644, as compared with $2,- 066,660. ‘Taxes amounted to $1,335750, an | increase of $20,549 over the similar period in 1933, |Ttle 6 &'T United St Tr *Including ext PRODUCE EXCHANGE NEW YORK. November 28 (P.—Prod- uce Exchange stock list (Noon quotations.) 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