Evening Star Newspaper, November 29, 1937, Page 15

FINANCIAL. RS0 NOVEMBER - 29, 1937. FINANCIAL. *%% A—15 % CORPORATE BONDS TURN DOWNWARD Fractional Declines Rule|3 Near Market Close—U. S. Issues Mixed. Net change. ‘Today, noon Previous day Month ago._ 717 965 922 716 965 926 77.0 99.1 925 97.3104.1102.4 99.0 104.4102.8 703 96.2 90.3 98.2104.4103.1 86.91018 99.3 1932 low. 458 400 646 3 1928 higl 101.1 98.9102.9 100.5 10 Low-Yieid Bonds. Noon .. 1059 Prev. day 1058 Month ago 107.9 Year ago. 113.3 1937 high. 113.7 1937 low. 105.6 1936 high. 1135 1936 low.. 110.2 1928 high. 104.4 1932 low.. 86.8 1937 low 1936 high... 1936 low... (Comptied by the Associated Press.) By the Associcted Press NEW YORK, Nov. 29.—The bond market moved lower today. ‘While losses ranged up to around a point in some issues, fractional dips ‘were the rule near the final hour. The entire list side-stepped around at the opening, awaiting a cue from the stock market, and when the equities began to yield the bond list | receded. Lower were Alleghany 5s of 1950 stamped, American Telephone 31;s, | Bethlehem Steel 4125 and 3% s, Good- year 58, International Paper 5s, Mc- Kesson & Robbins 5'zs, Penn Dixie Cement 6s, Shell Union 3'2s, United States Rubber 5s, Walworth 4s and Youngstown Sheet & Tube 4s. Utility bonds slid, led by American & Foreign Power 5s, Consolidated Edi- son 3!ys, Detroit Edison 41es, Inter- national Hydroelectric 6s and Utllities Power & Light 5s. Down among the rails were Santa Fe 4s, Baltimore & Ohio convertible | 418, St. Paul 55, North Western 4%s, | Erie 5s, Missouri Pacific 55, New York Central 5s, New Haven 6s and South- ern Railway 4s. Up a shade were Anaconda Copper 4!2s, International Telephone 5, Loew's 3!2s, Rock Island 4s and Penn- sylvania 4';s. United States Governments were 8-32 of a point higher to 3-32 lower. Grant Directors Order Dividend On New Common By the Associated Press. NEW YORK, W. T. Grant Co., variety store chain in 38 States, declared today a dividend of 35 cents on the new $10 par com- mon stock and an initial quarterly dividend of 25 cents on the new 5 per cent preferred stock, both payable | January 1 to stock of record December | 16. were paid on the old common stock. NEW YORK BANK STOCKS NEW YORK. Nov. 29 (# Becurity Dealers’ Association: (Quotations as of 2 o'clock.) Bid 1915 ~New York. Bank of Am (2.40) Bank of Manhattan Bankers' Trust (2 Brooklyn Trust (4) First Natl (100) Guaranty Tr (12) Irving Trust (.60 Manufacturers’ Trust ( Manufacturers’ Tr pfd National City_(1) X Y Trust (3) blic_ (113a) itle G & T FEDERAL LAND BANKS NEW ORK. Nov. 29 ().—Federal Bid Asked. 103343 1017 May, FOREIGN MARKETS. LONDON. Nov. 20 (P.—Influenced by Saturday's further recovery in Wall Street and coupled with more favorable political developments, the stock market main- tained a firm tone today. Public interest broadened in speculative and industrial ues and international shares moved higher. but sthe latter were subjected to vrofit-taking. _Electric and building equip- s‘em shares were active and higher and e, oll and mining sroups also moved up, PARIS. —The Bourse closed with a mixed - railond shares being exceptionally . _International favorites held firm 2 Canal gaining 400 francs and Royai tch advanced more than 100 francs. vernment bonds finished with small net #8103 and conl shares were strong. NEW YORK PRODUCE. o NEW YORK. Nov. 29 (D) —Butter, 9.5 creamery. higher "than 80%a: firsts (8R-01 a5 38 scores Ya seconds (84-87 scores). 310 iy rheete, 4011 steady o firm State. ney, 184-16 ixulcflx 'Plcks, 91, seconds. fli Sv 2123 dml.lu No. g average r. special T firste 16 mediums, smail and Fresh (boxes), 0Y2: fryers. 22 L 39-2 Souf . Frozen. chickeni ducks, 19%. Fr Th-43 by, 161 | 0. Chickens. .8 grosses, Rocks, . Reds, 4 f}u 30 CRUDE OIL PRICES. ~4ULSA. Okla. Nov. 29 (P .—Base crude i Mid-continent ares. ian a5_ErAVity scale. 98¢ Lo iy taie: Bac to 31300 Fust Tewar, scale, 96c to ast_Tex: 7 West Texas permian ty scale. 78 jo $1.08: Nort Arkansas. gravity sc o6 to IJ. -—!lll Creek, wravity n‘)h ! 5 Eas A ania e stern (l!ndrum—m)cxg:ny) X va; me.srade in Eurekn Hnes. ‘rlde in Buckeye Hnen. $1.85; $1.22. Wro.. .U. S. TREASURY POSITION. B9 the Associated Press. The position of the Treasury Nov, m $19.648,040.4 892: balance, !..fil ms receipts for the mon s for the fiscal 1!!! since Nl! 2 "80 6114"4&8 et Xpe) rel re 10,01 7. leL - an fcreass of #1360, revious day. se! 312.4 :l lu'\ 012 32, 2.483,044.21 of inactive Nov. 29 —Directors of | Quarterly dividends of 35 cenu‘ Asked. | 4 th-.| A T&S Fe gn 4s'95 rg srade | B Including u,&?cm BONDS ON By private wire direct 1o The Star. TREASURY. 3s 1961-56 % 1946-¢ 103.20 103.18 108. 105.19 105.12 105. lfl 105.6 105.5 108.5 106.22 106.22 106.22 106.27 106.28 108.28 06.20 106.20 108.20 5.28 105.28 105.28 110.7 110.7 110.7 111.29 111.29 111.29 4%48-3% x'43.45. 106.30 106.27 106.29 448 1947-52 116.12 116.8 116.10 FEDERAL FARM MORTGAGE. 381947 __ 103.20 103.17 103.20 381949 102.26 102.23 102.26 8181964 103.10 103.8 103.8 HOME OWNERS’ LOAN. "".s 1942-44 100.23 100.23 100.28 101.3 1018 1018 102.23 102.22 102.23 FOREIGN BONDS. High. Abitibj Pa&Pw b8 '3 63 Asr Mtg Bk Col 6848 21 s 194448 __ 318194446 rg . 3% 5194042 Jun. 3% 1946-56 ___ 49 194454 - . 2:58. 5C Antfoquia 3d 75 87 Antwerp 5s ‘68 Argentine 48 72 Feb. Argentine 4s *73 Apr_ Argentine 43;s'71 Australia 4%s°'5 Australia 68 '55 _ Australia bs ‘57, Belgium 68 '55 Belgium 7s '55 Berlin Elec 68’55 ___ Berlin Elec 643 '51 Bergen City §s Brazil 614 '26- Brazil 6% s "27-" 57.-.. Brazil 7s ‘62 Brazil 8s 41 Brisbane 5s'67 Brisbane 5s 58 _. Brisbane 6s'50 | | L] | BA4%-4%s'75 Pv__ Bulgaria 78 '67 Bulgaria T%s ‘68 Canada 278 "44 Canada 3s 67 Canada 3% s Carlsbad 85 '54 Chile 6560 Chile 63 '61 Jan | Chile 65 '61 Feb_ | Chile 6561 Sept. Chile 6362 _ Chile 65 ‘63 Chile 7s 42 - | Chnile Mtg Bk 65°61__. Chile Mtg Bk 6s 62 Chile Mtg Bk 6%s'57 Chile Mtg Bk 6361 _ Chilean Mun v 7a '60_ Colombla 6561 Jan__ Colombia 63 '61 O Copenhagen 4% Copenhagen 6s ‘62 _ Costa Rica 75 ‘51 A__ Cuba 613 46 Czechosiovakia 88 '52 Denmark 4348 62_ Denmark 5% '55_. Denmark 6s * Dresden 78’45 French Gov 718 41 French G 7%s'41un st Ger C Bk A268'60 July 1034 98Ly 100% 105 204 1034 98y 100 1043 20% 1034 93 32% 384 Ger Gov 5% °65 un st Ger Rep 7s '49 stpd _ | Ger Rep 7s 49 un & Italy 78'51.____. Japan 51865 Japan 6158 ‘54 Jugos Mtg Bk 7857 . Kreug&Toll bs 59 et_ Mex 45°'10-'45 ast sm_ Milan 63%s 52 Minas Gers 63,858 __ New So Wales 5867 New So Wales 58 "58 Norway 4s 63 - Norway 43865 Orfental Dev 5%s ‘58 Oriental Dev 6558 _ Oslo 43 ‘65 Panama 58 ‘63 stp as_ | Pernamouco 7847 Peru 656 Peru 65 Peru Poland 6540, Poland 7s 47 Polang 8s '50 Prussia 6s ' Prussia 63s '51- Queensiand 6s '47_. Queensiand 7541 100 101 102 103 58% 60% 101% 43 1% 104 104w 20 204 106% 107 Rio Grdo Sul 6s'68__ Rio Gr do Sul 83 '¢6._ Rome 613862 Sao Paulo C 6} Sao Paulo St Sao Paulo St 7s Sao Paulo St 8s ‘36 Sao Paulo St 8s ‘50 Serbs 8s 62 Siemens & H 648" 51 Silesian Bank 63 '47__ Silesia Prov 7s'58 Sydney 548 '65. Tokio 63561 Tokio E L Ltd 6853 Uruguay 68°60_____ Uruguay 6s "64.. Uruguay 8s Uruguay adj '7 Warsaw 7s 58 . Westphal E P 6563 Yokohama 63 '61__ 521 20% 63% DOMESTIC BONDS. Adm Exp 4% 46std_. 96% 96% Alleg Corp bs "44 6% 76 Alleg Corp b= 49 634 63 Alleg Corp 65 '50. 39 39 Alleg Corp 68 ‘50 stp. 294; 29 Allis Chalmers 48’62 101% 101% Am & For Pw 63 2030 57% Am1GChb¥%s ‘49 102% Am Inti 6¥%s 49 _ 96% 96% AmT&T3%s 6. 100% 100% AmT& T 3%s 66_._. 100% 100 AmT&T 4%s 39 AmT& T65%s 43 _ Am Wat Wks 6s "7 Anaconda deb l‘/. Anglo-Chil Nit 7, Armour(Del)1st n‘u Armour(Del)4s ‘57 _. A T&S Fe gen 4895 . A T&S Fe 4%s 48 AT&SFeC A 4%8'62 113 112% 112% 93% 93% 93% 101% lgflh 101% 107% 107% 107% 105% 105% 105% 111 111 111 107% 105 1056 20 20 20 100% 100% 100% e iie ot Atlanta & Birm 4s ‘33 Atla & Ch A L 5844 8 28 2% 9% 39% 824 Atl Coast Line 68 '45_ B&O1st4s 48 _____ Olstb6s'48 oo Bang & Aroos bs ‘l BellTof Pabs 48 B Bell Tel of Pa 68’60 C Beth Steel 3% s 66 Beth Steal 43 Bos & Me 4% 8'61 J_ Bos & k1 59% Bklyn Un Gas s 46 107 107 107 Bkiyn UnG 68 67 B 96% Buff GE4%s'813 112% lll% lIB% Buff R&Pon ¢%4s 5T 47% 46% 47 BCR&Nclbs'34. ® 9 9 Bush T Bldg bs 55 65 “ Camag7s 42ctfs . 11 11 Can’ NR4%8°61 113% 113% uav. Can‘dian NR 4%8°'57 112% 112% 112% Can'dian Ndb 6%:8°46 124 124 124 Can'dian Pdbésperp 861 85% 86 Can'dian Pac 4% 46 100% 100 100% Can‘dian Fonddct 111% 111% 111% CaroCl &0 6s'63A 107 107 107 otex 4148 47 2% 72% t of Ga cn 13 18 13 THE N. X. Cent of Ga b C. Centof N J 4a '87._ Cent of N J gen §s ‘87 Cent Pac 1st rf ¢s 49 Cent Pac &5 '60 Cert'd deb 54848 Champ P&F ¢ C & O con bs '35 Chi & Ait ref 3s'4 Chi B&Q :en 4 Chi B&Q ¢ Chi B&Ql dlv !%l 49 Chi & B 111 68 '51 Chi & B I11 5851 ¢ Chi Grt West 48 '59 Chi Mil & StP 48’89 _ CM&StP gn 3%s'80 B CM&StP &n 4%E89C CM&StP 4%5'89 B CM&S(PQ%!'!Q CM&StP5s'T6 CMStP&P ad)j 63 2000 Chi & NW gn 333 '87 Chi & NW 4% 2037 Chi & NW 4 03 Chi&NW ¢ % Chi& NW 4% Chl & NW gen . 37 C&NW Nr W Chl R 1&P rf ¢ '!l - Chi R 1&P rf 4w'34 ct Chi R 1&P gen 4s'88_ Chi R 1&P 4%8'52 __ Chi R I1&P 4%8°60 . ChiUnSta3%s'63 E Chi& W Incn 48’53 Chi & W Ind 4% ‘63 Childs & Co bs'43 CinG & B3y CinG&E3ys Cin Un Term 68 57C CCC&St L gen 4593 ClevEl 11 3%® 656 Clev Short L 4%s '61_ Clev Un Ter 4%s 77 Clev Un Ter 6873 B Clev Un Ter 614 8'T2A ColoF & 15843 _ Colo F & 15s'70 _. Colo& Sod4ls'80 . Cons Gas NY 418’51 Col G&E ab 58'52 Ap. Col G&E bs '62 May .. Comcl Cred 2342 Comecl Credit 33, s'51. Com Inv Tr 31¢s ‘51 Conn R Pw 3% s '61A Cons Coal Del bs 60 . Cons Ed N Y 338 46 Consol Oil 33851 Consum Pwr 3% s '66 Consum P un 312585 Container 6s 46 _ Crane Co 3158 '61 Cuba Northn 535s *42. Cuba RR 1st 5s'52 __ Del & Hud ref ¢s 43 _ Den & R G con 4836 DenG&E5s'51at __ Den& RG W bs’'55 _ Den & RGW ba'55asst D&RG Wrfbs'78 _ Det Edison 31,866 Det Edison 414561 D Det Edison 5s '62 Duquesne Lt 3%s°65 Flec Auto Lite 48 532 Erie cons 4596 _ Erie gen 45°96 Erie ref 5367 Erferef §s'75 Erie & Jersey 8s Fairbks Morse 4. 3 Fed Lt&Tr 58 '42 st __ Fed Lt&Tr 65 '42 . Fla EC Ry 65 '74 FlaECRy5s'T4ct . Gen Mot Acc 35 '45 __ Gen Mot Acc 3% 51 Gen Stl Cast 5% 49 . Goodrich 4%s'56 Goodrich 6s'45 Goodyear T&R bs 5T Grt Nr Ry 3%s'67 __ Great N Ry 4s 46G . Grt NRy4s'4¢ H . Grt NRgn4%s'1TE Grt NRgn5s'13C Gulf M& N 5%8°50 _ Gulf Sta Util 48°66 . Hock Val 4158°99 Houston Oil 5% s 40 Hudson Coal 58 52 Hud & Man inc 68 '67_ Hud & Man ref s '57. 111 Bell Tel 33 111 Cent col tr 111 Cent ref 4, [ Cent 4% 866 _ 11l Cent ref 68’55 _ ICC&St L N O 413863 ICC&St LN O 68’63 _ 111 Steel deb 414840 Inland St1 3 Inter RT 1 rf Inter RT 7832 = Interiake Iron 45°47_ Int Grt Nr 6s°'52 A Int Grt Nr adj 6s'52 A Int Hydro El 6s 44 Int Mer Marine 6s'41 Int Pap 1st 68°47 A__ Int Pap ref 6s ‘55 Int T&T cv 4% 39 Int T&T 4%s 63 Int T&T bs ‘55 & Towa C 1st&rf 4s'51 Jones&L Stl ¢%#'61A Kans C So 1st 35°50 . Kan City So rf 6s ‘50 C Ter 1st 45 '60 ith's 6s 46 Kings County Liiht 1strf 6s'54 Kings C L 1st 619854 Koppers Co ¢s ‘51 - Kresge Found ¢s'45_. Laclede G 5348’53 C.. Laclede G 5%8'60 D_ Lake E&W 2d 6841 _ Lake S&M S 3148 '97_ Lautaro Nit 19768 Leh V P con ¢s 2003 Leh V P con ¢%s 2003 Leh V RR con bs 2003 Liquid Carbon 4s "¢7_ Loew's 3148 46 - Lorillard 6s '51 La & Ark 6369 . Louisv GEE 3%s'66 20% | L & Nash 3%s 2003 L & N unif 45°40 L&N ¢%82003C. McKess&Rob 5% 8’50 MeCRRgn 44860 A Manhat Ry 4s ‘30 Met Ed 1st rf 434 8°68 Mil El R&L 6861 __. Mo I1l 58 '69 MStP&SSM cn 4338 MStP&SSM 68 ‘38 gtd Mo K & T 1st 48°90 MoK&T4s 62 B MoK&T+4 8 MoK&TG6s 62 A Mo K & T adj 58 Mo Pac 4875 Mo Pac 5865 A. Mo Pac bs 77T F Mo Pac 58 '77 F e ‘80 H Mo Pac 68811 MoPacb%s'49A __. Mob & Ohio 48 °77__ Mob & Ohio Es ‘38 - Mohawk & M 4s°'91 Monong Pub 8 4145’60 Monong Pub S 65’65 Morris & Es 314 2000 Morris&Essex 4% 56 Morris&Essex s 55 Nassau Elec 48’51 gtd Natl Dairy 3% s'61ww Natl DisPC ¢348°45. Natl Steel 45 '65 - New E T&T 4%8'61. New E T&T 1st New Orl P8 63’52 A NewOriPS6s'56 B Or Ter 1st 4553 New Orl T&EM 5%!’66 NY Cent rt 4%s IOII NYCrfe%s2018n__ NY O&W ref ll 'l NYQueens cn 338’65 NY Steam 18t 6s 41 h. la' SBD. 34 1008 5 100% 1041 103 98 37% 43% 1067 1023, 60 424 107% 1041 95% 874 107% lD'Ih lC% Norf 8 1st rf 58'61 ct.. North Am Co bs 6 North Am Ed 53 '5TA North Am Ed 6s 89 C North Pac ¢s '97 Nor'n Pac 4% 8 2047__ Nor'n Pac 68 2047 D_. North Pac 6s 2047 ... Ohio Edison ¢s ‘65 Ohio Pub 8vo 78 '47 OklaG& B3%s 66 Okla Gas & El 48 '4 Ont Pwr Niag 584! Oreg W RR 48’61 Otis Steel 4145 '62 PacGas& El 3%45'66. PacG & F3%8°61 PacG & B 4364 Pao TAT rf 3% 4'66 B Pac T&T 3%8'66 C - Panhand EPL 4s ‘52 Paramount Plc 68 ‘55 PennCo4s'63 ___ Penn Dixie C 6541 Penn Glass & 860 __ Penn O & D 4148 ‘77- Penn P& L 4% '81__ Penn RR3Y% w1 ___ Penn RR 3%s'70 C _. Penn RR ¢ %8 '81 D _ Penn RR 4% ‘84 Penn RR con 4%s '60 Penn RR gn 4 %8 65 Penn RR deb 4% ‘70 Penn RR gen bs 68 People GL&C rf bs'47 Peoria & E inc 48 '90 Pere Marq 15t bs ‘56 Phelps Dodge 33,853 Phila Co bs 67 5 Phila Elec 315567 . Phila & R C&l bs ‘73 Phila & R C&1 6849 _ Philippine Ry 4s 37 PCC&St L 41840 A Pitts& W Va 4145'60 C Port Gen El 4148 '60 Postial Tel & C 6853 Pressed Stl Car §s ‘51 Reading R 43%s 97 A Reading R 43897 B Rem-Rand 4% s 66ww Republic Stl 4148 56 Republic Stl 43361 Republic Stl hlas 54 Revere Cop 438 "66 _ Richfield O1] 48°62 __ Rio G Wcol 4849 A _ RI1IA&L Ist 415834 Safeway Stores 45’47 Saguenay Pw 418’66 St LIM&S R&G 48 '33 StL-San Fr 434s°18 StL-S F 418’78 ct st_ St L-S Fran 5s'50 B . StLS W gnrfbs'90 StLS W 1at ter 5852 San A & A Pass 48'43 San An P Svc 68 '52 A San Dieso CG&E4s'65 hulco 612846 A stp abd A L 48 '50 stp_ d A Lrf4s's9 _ Seabd A L adj 65 °49_. Seabd A L 6545 A __ Seabd A L 63 45t __ Shell Un deb 3158 '51. Stmmons Co 48 '62__. Skelly Oil 4s 51 - Socony Vac 3% s '50 _ South Bell T&T 6841 Southn Cal Gas 48’65 Southn Kraft 4% #'46 South Nat G 414851 SoPac3%s 46 So Pac col 48 '49_ So Pac ref 43 '55_. So Pac Orex 877 __ So Pac § F Ter 48 '50._ So Ry gen 4s'56 A___ So Ry bs 94 So Ry gen 6856 _. So ity 614856 = S W Bell Tel 315864 Southw'n G&E 48’60 Staley A E48°'46 . Stand Oil NJ 35 '61._ Studebaker cv 63 °45._. Tenn El Pw 63 '47 A_. Texas Corp 3138 ‘61 . Texas & Pac bs'77 B Texas & Pac 5s ‘80 D_ Third Av ref 48 60 Third A ad in 6 Tide Wat Oil 3138’52 Un Elec(Mo)3%s'62_ Un Oil Calif 6542 A_ Union Pac 3%8°70 __ Union Pac 18t 4547 United Drug 6s ‘53 ._. Utd Rys St L 45 '34 ... U S Rubber 53 47 Utah L& T 68 44 A__ Utan P& L 6544 __ Util P& L 68 69 ww_ UtilP&L6%s 4T . Ver Sug 18t Ts'42 ct _ VaE &P 1strf 4s'55_ Va Ry 1st 3% s '66A __ Wabash 4%s ‘78 Wabash 4155 '78 ct Wabash 58 76 B Wabash 55 ‘80 D _. Wabash 1st 58 '39__. Wabash 6%5 75 Walworth 4s ‘65 _ Warner Bros cv 6s'39 Wstehr Lt gn 315867 West Penn P 31866 West Pa Pw 4s '61 H_ West Md 1st 48°52 __ West MA 6%8°77 __ West Pac 65 46 A as_ West Un 434860 _. West Uncl tr 68 '38 West Un 68 '51 West Union 65°60 Wheel Steel 415 '6 W Sp Stl con 7s '35 ct Wilkes B&E 15t 6542 Wilson & Co 45 '55 Wis Cent 18t gn 45'49 WisCS&DT ¢8'36_. Y'ngstn S&T 48 '61 .. STOLK EXLHAN(,E 108% 103% 61y 614 92% 92% i . ] 76 6% 87% 88 100% 101% 1104 1104 991 99% 101% 111 104 3% 99% 104% 107% 102 101% 102'4 103 100% 100% CHICAGO PRODUCE. CHICAGO. Nov. 29 : springs, Rock, less “than (#®).—Poultry, live, d: unds. Ao k, vly‘moum nd_wiie Roo d, 24; Leghorn_chickens, Leghorn mnuerx. od? ,turkeys. . '17: geese. Dressed. market, steady: colored. turkeys, Plymouth and White 15; roosters, hens, No. 2, WUt~ pounds up, 16; hens, toms, youns, 26; old, a) score). SRS exira firsts (90- B-K0) g ': Sardnrds: rsts. cars and ceipts, 23 erator standards, 18%: 18%. Iocal. on track, 1), ‘363" seconds (90 centralized car: g5, tead Y-ned. Sxtra” Hrits. ‘cars o refrigerator extras. 19; refrig- refrigerator firsts, 34 shipments Saturd N Supplies iiber per hundredweigh d Russet “Burbanis, mosily 140: 0. 8. rado red McClu u. ! No. 1750; ‘North, Dakota_Cobbiers. G5, No 1 and betier, Ohios, tnmmel’clll Rurals, U, U. 8. No. No. ‘90 per uenz 1.10-1.1 STEEL QUOTATIONS. YORK. Nov. 29 (P —S8teel Drlcel Pittsburgh: _Blug NEW per 100 pounds, {.0.b. annealed sheete. ' hot shest, 3.80; blacl 3.15: lml bars, 2. 45. rolled. 2.4 13 -lmu. hrn rolled, Taivane RUBBER FUTURES. 20 (#.—Crude rub- ber. higher. 14.86-87: May, YORK, N tures opened & "hrm, upshansed fo r. 14.60-6. " 15/00-15.14, March, MONTREAL SILVER. MONTREAL. Nov. —Bilver o r e SRR ¢ MONEY MARKET. YORK, Nov. 29 (®.—Call money y: 1 per cent all day: prime com- time loans i 4-8 months, 114 r 1 1Ce, inchan TR 1 per cent. 7 | poorer EVENING STAR, WASHINGTON, D. C, MONDAY, EXPORTS FORGE ABOVE IMPORTS Heavy Sales of American Goods Abroad During October Cited. By the Associated Press. A heavy movement of American goods abroad in Octuber, the Com- merce Department announced today, gave the United States today an excess of exports over imports for the year to date. Starting the month with a $50,000,- 000 import balance for the year, this country exported enough during Oc- tober to give a $60,443,000 export balance for the first 10 months of the year. At the same time last year, the export balance was only .$18,783,000. October exports totaled $333,136,000, the most for any month since March, 1930. The sum was 12 per cent more than in September and 26 per cent more than in October, 1936. Imports, meanwhile, declined 4 per cent from September to $224,391,000. This was 6 per cent larger than in October, 1936. This year’s improved crop conditions played an important part in the turn of foreign trade, the Commerce De- partment said. While last year, drought reduced American farm ex- ports and increased farm imports, last month’s big export total was made up largely of shipments of wheat, apples, dry fruit and cotton. Exports of in- dustrial machinery reached the highest figure since May, 1930, and other ex- port increases were credited to iron and steel products and automobiles. | Exports of a few items such as leaf tobacco, motor fuel, wood pulp and naval stores declined. Imports of far.. products, which had increased since last year's drought to $45,000,000 in June, declined in October to less than $19,000,000. The volume of foreign corn coming into this country showed one of the most important drops. The Commerce Department esti- mated American exports in the first 10 months of the year totaled $2,712,- 426,000, compared with $1.999,814,000 in the same perfod last year. Imports this year aggregated $2,651,983,000, compared with $1,981,031,000 last year. Washington Produce BUTTER—2 score, 1-pound prints. 40: 14-pound prints. 41; tub, 3#; 90 score. 1Spound prints 34 ''s-pound prints. 40; K. market atrong. MEA' Choice beef. calves, 18; veal. 18 sows. 15: fresh pork. pork. 20: pork loin . fresh skinned ham, smoked skinned ham. ° ; siab bacon. 36; compound. 10 Prices paid shippers. net fo.b. Washing- ton. By the U. 5. Bureau of Agricultural Economics EGGS—Market about steady; prices un- changed. Government graded and dated esgs—Whites. U. 8. S. extras. mediums S. standa; 32. U. S. standards. mediums. 'd _eggs—Current receipts, 3i; premium paid on LIVE POULTRY—Market quiet. Tur- key receinis too small 1o establish quote- ons. Fowl—Colored. heavy. 1¥a2l. No. 13a14: Leghorns. 14al6: roosters 13 _Chickens—Rocks and crosses all s. 25 mixed colors. 20. Capons. 7 Ponnds and over ; siips_and under- size G B0 each; Bales in up to X am. toda: APPLES ~Two Washington arrived: one broken and two unbroken cars on track. Bushel baskets. U. S. No. 1. supplies lib- eral: demand lighi: market steady: Mary- Pennsylvania, and West ... Grimes, nim; extras. large, bl lots by original receivers Virginia ~ss Delicigus ncl “1o-inely mintmum. 1.00- Golden Delicious. 2'4-inch minimum. 2 minimum Black B5: Wealthys. 5; 1003 and large |8l staes MIXED VEGETABLES. No unut ar- rivals: one unbroken car on tra SNAP BI ‘Gne ‘Florida ‘arrived: on unbroken car on_track. ‘Supplies livera demand siow: marke( weak. Flori bushel hampers Bountituls. 1.00: stringless plack Valentines 1.25-1,50 PEPP] upplies moderate: “demand light: market steady. Florida. i'a-bushel ci green. 1ancy. 3.00-3.50:" choice, demand lig 1 SQUASH—Supplies light: markei steady. Florida. bushel hamper and yellow crooknecks, ¥hite, wrapped. wGPLAm‘—sunnhu mand light; ket steady. : small size all size, 7 CUCUMBERs—supnue light' dem market steady. Florida, bushel base 50-3.00: tair auality, 2.00. ATOES——No on track. Supplies light: dem marke: steady’ Hothouse ° stock. K-bound baskets, 1.25-1.60, according 0 CABBAGE—No _carlot arrival broken and one unbroken cars on track, Truck receipts liberal; supplies liberal; de- i market steady. Virginia, 1la hampers, domestic round ' type. packed locally. 85-85; New York. 80-pound moderate; rrived: one broken and one unbroken cars on track. Supplies light: demand light; market eady. C Western lettuce crates. hed."2.78-3.25: Pennsylvania, bushel Daskets, topped. washed, s Celery Prices S| CELERYS Three " Callfornis arrived: troken and two unbroken cars on “ipplies moderate; demand light: market . ady. California. % crates. indi- viduslly w shed, -5 dosen, 250 'UCL—Nine Califor, rrf Brobeh Snd nine WNGEOKSn Cark o lrlek Supplies liberal: demand very ligh! Fet weak. Cllfornia, Western graves, e berg type. 5 dozen. 3.00. ONIONS—One Colorado. ndia thret Mimnesots aFrived: one Broken and six unbroken cars on' track. Supplies moderate;” demand llght; market steady. B0-pound sacks. U. B. N New York, ellows, 1.40; smali size, daho and sshington, | Valencias, 3" inches snd larger. 1.40-1 8—One Calornia arrived: one broken and one unbroken cars on track. Supplies light; demand light: market steady. ” Callfornia. bushel hampers, Tele- phones 2.75-3.( ROTATORS. Blx Maine arrived; broken and six unbroken cars on ‘track. Buoplies liberal, demand light; markel sbout stes 00-pound sacks, U. 8. No. New Jerses, Cobblers. 1.25: Maine. irsen Mountaine. 19801 40, few hiher: mnhn. Russet Burbanks. 1.90- SPINACH—Supplies modnnu dem: light; market steady. Virginia, adnel baskets. 50. KALE—Supplies moderate: demand mod- eratemarker stendy- " Virkinie. busnel baskets, 30-35. COl P“El moderate; demand moderate; leke teady. Virginia, bushel haskets, 30-35. BROCCOLI--One California arrived: one groken and one unbroken cars on track. moderate; demand light: market teady. California. crates, mostly around 8158 Bennaylvania. bushel craces, 1 dosen. 1 fair condition, 1.00. )WER—No carlot arrivals: one hl‘ok!fl car on track. Truck ts 1ibe erals supbiies. liberai; demand very siow: mMarkel wesk. Lons Island. erates .00, ew 7| POTATOES—Supplies moderate: demund Hght, ‘marker sicads: bushel lhlll Porw icans, ower: ryland, = Anne Arundel Gounty Bushel Yas five ets, Jersey type an Porto_Ricans 90-1.00. AN, E—Ont car arrived; broken car on track. -Massachusetts, Y-bar- IES—] rel boxes. late Howes. 2.50. GRAP] lrrlv‘st one un- o0ne | Fiorida .cars JIRANGES—N geé; u.: on .u-'r.‘:k urldl. ‘boxu. 2.00- .00, e llllnrnll arrived: one "“'},'flm“ car on track. California, boxes, to srade and size. EiNEs ' Hondes 575 busnel Ay Marsiapd and Penneyl- ia, 3-1 skets. 40 R 3 Shaul m‘—c.mmm 28- Nul;f il 7_ u%o- 1.25: bushel s, .00 3.50-4.00. Stone & Webster Reports $921,431 Net for Quarter By the Associsted Press, NEW YORK, Nov. 30.—Stone & Webster, Inc, and subsidiaries, re- ported a consolidated net profit of $921,d81 for the guarter ended Sep- tember 20, equal to 44 cents a share on 2,104,391 shares of capital stock. This compared with a net ot $715,623, equal to 3¢ cents a share, for the cor- responding quarter last year. Directors of Stone & Webster this ‘week voted to dissolve the corporation’s controlling interest in two of its sub- sidiary companies, Engineers Public Service Co. and Sierra Pacific Power, by distributing shares pro rata to Stone & Webster stockholders and selling the residue over a period of years. ‘The proposal will be considered at a special stockholders’ meeting next month. T.W.A.DISCLOSES DEFICIT OF 863689 Quarter’s Losfi Compares With $132,058 Profit in 1936 Period. By the Associated Press, NEW YORK, Nov. 29.—Transcon- tinental & Western Air, Inc., reported for the Quarter ended September 30 net loss of $63,689 against net loss of $127,208 in the preceding quarter and revised net income of $132,058 or 21 cents a share on capital stock in the September quarter last year. Com- pany operates over principal air routes. Climsx Molybdenum. Climax Molybdenum Co. and sub- sidiaries reported for the nine months ended September 30 net profit of $5.338,187, equal to $2.12 a share on the capital stock. Comparable 1936 figures were not available. property is at Climax, Colo. LUMBER PRODUCTION STILL EXCEEDS ORDERS | By the Associated Press. Production in the lumber industry | for the week ended November 20 was 29 per cent greater than new business booked and 22 per cent greater than reported shipments, the Nlnonll ported today. Production, orders were all slightly below the cor- responding week of last year. A total of 543 mills produced 181.- 580,000 feet of hardwoods and soft- woods combined during the week ended | November 20. They shipped 149,057, 000 feet; booked orders of 141, l!:OM feet. Revised figures for the preceding week were: Mills, 566: production, 186,618,000 feet; shipments, 15],610,- 00 feet; orders, 147,026,000 feet. OFFICE FURNITURE WE SELL, BUY OR EXCHANGE Chairs Steel Files Desks Steel Cabinets Tables Safes BAUM'S FURNITURE HOUSE 1416 Eye 8t. N.W Phone NA 2184 MILLIONS TO LEND to Home Builders IETHEK you are plan- ning to build @ home or refinance an existing mortgage, find out about our Mortgage Loan Plans. You pay only 5%, interest. Principal repayments to suit your means—monthly, like rent, if you prefer. The one loan may run as long as 20 years, without renewal or financing expense. Come in and talk it over. WEAVER BROS me REALTORS Morteage Loan Corropondomt Mavepriitan Lifs Inmrance Company WASHINGTON BUILDING DISTRICT 9486 WW‘ 4 MONEY TO LOAN ON REAL Boal Estate Officers Tavite You te Conter Washingtion Lean & Trust Company (Y} 4 1T 0 Momber, Fodoral Reserve Sywem ead Fodaral Dopestt Company's | Lumber Manufacturers Association re- | shipments and new | SHARP DROP SEEN IN'STEEL ORDERS Magazine Reports Novem- ber Buying 10 to 15 Per Cent Below October. By the Associated Press. CLEVELAND, Nov. 29.—Steel buy- ing in November was 10 to 15 per cent lower than in October, the maga- zine Steel said today. Much of the dearth of buying was attributed to the fact that consumers had sufficient inventories to meet re- duced demands for their products: If railroad and automotive needs were at the usual rate for this time of year steel sales would be prac- tically normal, the weekly review said X ‘Week-end idleness caused by the Thanksgiving holiday caused a drop in the national production rate last week of 3.5 points to 31.5 per cent of capacity. Increased production, however, was caused in some centers by an accumu- lation of small orders, Cleveland in- creasing 13 points to 28 per cent, Chicago, 2.5 to 30; Cincinnati, 4 to 29, and St. Louis, 5.6 to 20.6, while | Birmingham remained unchanged at | 54 per cent. Reductions included Pittsburgh, 7 points to 27 per cent; Eastern Penn- sylvania, 8 to 2 37, Wheeling, 8 to 35; Buffalo, 7 to 21; New England, 3 to 27, and De- troit, 12 to 59. Automobile production First Mortgage Money For CONSTRUCTION LOANS ar~ LOANS ON IMPROVED PROPERTY in the District of Columbia Nearby Maryland and Virginia Also Monthly Payment Loans Prompt Action B. F. SAUL CO. 925 15th Street Natl. 210 ; Youngstown, 5 to | dropped == | sharply last week, Steel reported, with some plants closing Wednesday night for the week, as 59,405 units were assembled. NEW YORK, NDV 29 (P).—Opera- tions in the steel industry for the current week declined 1.4 points to 29.6 per cent of capacity, the lowest point in the past three years, and com- pared with 31.0 per cent last week, the American Iron & Steel Institute estimated today. A month ago operations averaged 48.6 per cent, while a year ago the rate was 75.9 per cent of capacity. The rate was last under the cu-rent figure in the week of December 3, 1934, when i was 28 per cent. Trade circles said one of the prin- cipal facters in the further weakening of the operating rate, which has been under way since Labor Day, was the failure of automobile manufacturers to take steel in the quantities expected earlier in the year. F ii-st Trust Loans For Purchasing a Home or RE-FINANCING | EXPIRING TRUSTS [ NO COMMISSION CHARGE NO RENFWALS REQUIRED Terms Arranged on ‘ Easy Monthiy Payments MIMBIR BUILOING ASSOCIATION COUNCIL U.S TREASURY 949 NINTH STREET,NW. EARN MORE WITH Jnswred Safety AT INTERSTATE Every account up to $5,000 fully protected by insurance. Liberel divi- dends credited semi-an- nually. Inquiries invited. Under Supervision of the United States Treasury Inderdtate BUILDING ASSOCIATION Washington Building 15th St. & New York Ave. District 9486 Lodm ON IMPROVED Immediate attention buying, rebuilding or Loans repayable monthly. No charge for appraisal it loan is not made. Interest charged only principal. D. C. PROPERTY on your application for refinancing. on unpaid balance of EourraBLe Co-oPERATIVE Bupine AssociaTio 915 F STREET N.W. on improved or to ed real fow $75 per thousand « per month be mprdv estate .as as Perpetual hasalways had a rep: YMENTS include inter- est and curtail . . . No commissions . . . No re- + . Lot us help you solve your problems with a loan through one of the largest building associ- ations in the United States. newal fe utation for sound, fair appraisals. Over 200 borrowers per month were advanced loans last year. Perpetualnowhasover 85,000 borrewing and saviags members. Regular U.S. Treasury are supplemented by srecial C.P.A. audits. PERPETUAL BUILDING A SSOCIATION 11th & ESTREETS. N. W. ESTABLISHED 1881 Largest In Washington—, ARTHUR G, BISHOP Chairmen of Board EDWARD Assets Over $46,000,000 MARVIN A, CUSTIS Preai