Evening Star Newspaper, November 29, 1937, Page 17

» ’ FINANCIAL. CURB LIST EASES FRACTIONS TO §1 Some Moderate Advances Appear—Aluminum Co. Off About Five. By the Associated Press. NEW YORK, Nov. drifted down slow fractions to around a point today. Around the final hour Aluminum Co. was off about 5 points in light trading and Electric Bond & Share and American Gas & Electric were off around a point. A scattering of fractional gainers spotted the list. A trifle lower were United Gas, Lake Shore Mines, United Light & Power “A” Gulf Oil, United Wall Paper, St. Regis Paper, American Cyanamid “B,” Creole Petroleum, Niagara Hud- son Power and International Pe- troleum. Up minor fractions were Wright Hargreaves, McWilliams Dredging, American Superpower, American Light & Traction, Pittsburgh Plate Glass and Northern States Power “A.” A.B.A. A.ppoints Ayres to Head Research Council By the Associated Press. NEW YORK, Nov. 29.—Col. Leon- ard P. Ayres, economist and vice president of the Cleveland Trust Co., has been named chairman of the new Research Council of the American Bankers’ Association, it was announced by Orval W. Adams, president of the &ssociation. Col. Ayres will continue as chair- man of the association’s Economic Policy Commission. CURB BOND DOMESTIC BONDS. High. Low. Noon. Alum Co Ltd bs 48 m:( 106 " 108 29.—Curb stocks 3 a8 AOHE> S>> 10313 | A1 10 104 104 Florion o, A1z Gatineau Pw Georgia Pv 3 Hou Guif G Pw & Lt MarRes P i S Pw & 5 10R%% 013, 3012 a4, 40 3 A3 I SR, RA1; 108 B3 S8 86, 8613 11012 11015 1101 /01, A0 " @ 67 A a1 f413 So Coun G of c«lu,< AR Souw P & L § al Ry 108 2 Rty 108 57 A 10415 10415 10415 10413 10413 10415 1043010430 1043 West News U 6s 38 West T Ut 55 5 8615 sm Yadkin Riv P 5t 41 10312105 FOREIGN BONDS. 55 a7t 28 105 a7 38 Russian 8ias - % Unit EI E\P Ts ‘58 A ww—With warrants. xw—Without warrants p—New. st (gtp)—Stamped SN otiability impaired by maturity. Companies reported in receivership. INSURANCE STOCKS NEW YORK. Nov. 20 (@ —New York Eecurity Dealers Association Aetna cas (o) m Surety (213) Aomanile (12) Balt Amer (.20a) Caroiira (130) ity of N ¥ (1.20) Comn %Gen Lite C80) Contin Cas (1.20) P Siaizmia 19802 PESTAeER o100 Do 19911202 S Faile 1 60) gbe & Rev (808) ornz Arer” (10 Hanover (180 Haritord Fire (2) He Fire Se: RG0! o ersaa 3 BIIWcND PRt Homestead Riekervotker (.80) Lincoln Fire 7 Natl Fire (2) 2 Nat] Liberty \"fla\ Nor River (1) (2a) (2) Westchester (1.208) _ a—Also extra or e Declared or Daid e far this vear. U. 8. TREASUB.Y NOTES. NEW YORK, Nov. 20 (#.—Prices quoted in dollars and thirty-seconds: Approx. Bate. Month-Yesr. Bid. Asked. yield. Feb 100. 23 =13 oS A SR 0910 ESPFRTEIIEFESS # P b b e 55555555555 2233222222323222: BRin Bz B3 SR bt o o bt ODD-LOT DEALINGS. By the Associated Press. Securities Col nt'uu transactions. it dl:lc '8 or specl) 76 Durchases, Inviving 2 58 sales, involving 142,71 rted it] w 27 i (By private wire direct to The Star.) Stock and Sales— Dividend Rate. Add 00. Hish Low Closs. AeroSupB.12%_. 1 8 3 8 Ainsworth(.76g). 2 8 Alr Device: 1 Alr Invest_ Alum Co Am Alum Gds(1.158). Alum Ltd Alum Ltd pf (8) Am Book (4) Am Centrifugal _ Am Cynam B .60a. Am G & E(140) __ 1 154 18% 15% - 1508 70% T0% 70% 100s 119 119 -119 208 54 54 b4 4 1% 14 1K 17 23% 22% 22% 20 28k 27% 284 755109 108 109 8 4% 4% 4% 254 254 25 16'% 16% 4% % Am Gen pf (2 Am Hard Rub Am L&T(1.20a).. Am Maracaibo Am Meter (4g) _. Am Repub (.10g). Am Sup Power Anch Post F Apex Elec (.30g)_ Arctur Rad Tube._ Ark Nat Gas Ark NatGas A __ Art Metal W .R0a Ashld O&R(.40) _. As El Ind (.364g) - AsG&El _ AsG&ElA AsG&Elpf _ AsG & El war__ At Cst Fish( Atlas Corp war __. Atlas Ply 1.75g __. Austin Silver M. Automat Prod __. Babhcock & Wil(4) Baldwin Lo war . Baldwin Rub .50a Barium Stain Stl. Bath 1 W(6%(1) Beaunit M 1.30g Reech Aire i A 1w 1w Bell Tel Can (8) 160 160 Berk&Gay Furn 1 i ! Berk&G f war % Birdsboro S F 1g_ T4 BlissE W._ i Blue Ridge (. 'ISE) 1% Blumenthal (S)__ 65 Bohack (H C) 3z Rourjols __ 5 Braz T&L (. 90‘) 12 Brewster Aero __ 2l RridgptMch .75g - BrillA __ Brit Celan Brown Co pf _ Brown F Dist RBrown F D pf(6) Ruckeye P L Bnk H& S (13%) Burma Ltd .40° Can Marc Wire _. Carib Syn (.50h) Carnegie Met Carrier C: Carter (JW) .80g. Catalin Am “elanese 1pf(7a). 1755 CentOh St11.20g. 1 Cen & Sw Ut _ 1 Cen St El 14 Cen StEl 6% nf - 2008 Cen Sta E1 7% pf. 1008 Centrif Pipe .40a 3 Chamb MWS .80 2 Chi Flex Shft (4) 100s Childs pf 0: Cities Service Cit Serv pf City Auto St 4 Claude Neon L Cleve Tract Club Al Uten _ | Colon Develop Col Fuel&I war__ Col O & G (.40g) Comwlth E 1.25a Comwlth & So wr Cons Biscuit .40g Cons Cop Min CG&EB p Cons Gas Util Cons M&S 1.50g_ Cons Steel Corp__ Cont Oil Mex Cont Roll & Stl. Cooper-Bess CordCorp ..., Corroon & Rey’ Cosden Petro Courtaulds .372g Creole Pete(.50a) Crocker W .10g _ Crown Central Crown Drug Crystal Oil pf Cuban Tobacco Cusi Mex __ Darby Pet (13) ... Davenp't Hos(1) - Dayton Rub ____. Det Gasket (1) Det Gray Ir (.04)_ Diveo Tw C (.40). Dom St & Coal 1508 508 Romon 8 1% ) R N0 0 b b 09 5 ek ek e 1 0 Y% T4 7 1% 6% Dubilier (.15g) .. Duro Test (.40a)_ gle Picher .40g JastGas & F E G&F 6% pf(3)_ E G&Fprpf(413). st Sta Corp n States pf A_ East States B pf_ Econ Groc 8.75g. Eisler El (3% f) - El Bond & Sh E1 B&S $5 pf (5) El B&S pt (6) El Pow As (.158)_ ElP As A (.158) El1P&L2dpf A Elect Share - Electrograph (1). Emsco D&Eq (1). Esq Coronet .30g Equity Corp _ Europ El deb rt. Evans Wallo 1 % % b Ex-Cell-O (.80a) . 2 10% 10 10% Ferro En (1.50g) . 2 21 21 21 Fst Na St1pf(7). 10s 113% 113% 113% Fisk Rubber 18 L 4 1 Fisk R pf (6) F1P&L 7 pf 1.75k Ford M Can A (1) Fd M Ltd(.213s) . Froedtert pf 1.20. Gen Alloys. Gen Invest_ Gen El Ltd .643 Gen Rayon (A) Gen Tele (1a) Glen Alden .25g.. Gorham Inc (A Grand Nat Films. Gt Nor Pap (1a Gr Rap V (1) Gulf Oil (1) Hartman Tob_... Harvard Brew. Hazeltine (3) Hearn D 8 1.65, Hecla Min (.70g). Helena Rub A(1). Heyden Chem(2). Hollinger (65a) _ Hudson Bay 1.75g Humble Oil (2g) Hummel Ros .80g Huyl (Del) pf st_ Hygrade S 2.75g .. 111 lowa Pow I11 Jowa Pow pf _. Il Iowa Pdivet_. Imp Ch Ind .302g. Imp Ofl Can 50a Im Tob Br 1.207g. InsCN Am(2a). IntlCgr M (2a) .. Int Hyd-Elec pt. Intl Pa&Pw war. Intl Pet (134a)_.. IntiUt1B _____ Int! Rad (.85K) ... Intl Vitam (.50) Inters Hos(215) _. Ir Fire vte(1.20) Irvin AirCh (1)_. Ital Superpwr A. Jacobs Co (2g) . Jonas & Nau .30g. Jones & Lau 8t1__ Ken Rad T 1%g . Kingsbury Brew_ Kingstonh Pr(.40) Kreug Brew 1%g. Lake Sh M (4a) - Lakey F&M .158. Lehigh C&N(.30). Leonard Of! Lion Oil (1a) ... Locke St1C 1%g-. Lockheed Afre ... Lone Star G .60g- Long Is Lt Long Isl L pt 3.50 Long IsLptB3._. La L & Expl .40a_ cCord Rad B cWill's D 1.388. Rad&T. 50s 508 1 2 508 56 4015 17% 5% 15 2 56 4015 17% 15 # 194 1 11% 6 2% o 8 wrnnn BT annmwmns 9 283 s BT S 300: - STt I 150 g LY T PN TR THE ‘EVENIN(} STAR, WASHINGTON, D. C, MONDAY, NOVEMBER 29, 1937. NEW YORK CURB MARKET Stock and 8 ln— Dlvldond Rate. Add 0f Strs. Mu-lon 8t Sho Massey Harris Master Elec 1 Merritt-C&8.._. Mich Bumper___. Mich G & O Mich St1 T 1.50g. Michigan Sug ... Mid Oil evpf .75k.. Mid St Pet A vt. Midvale Co (8g) - Mock J Voch .45g. Molybdenum . Monarch M T 1 Mngrm Pictures Mont Ward A(7). Mon Loan A(.30)_ Mount City Cop-.. 5 Mount Prod (.60). 1 Nat Bellas H Nat C L cv pf(3) Nat Container 1g. Nat Fuel G (1) _. 10 Nat P & Lt pf(6).- 300s 3 50s 1 7 1008 Nat Rub Mch . Natl Trans (1g 1 Nat Tunnel & M.. 2 N J Zine (4.50g) .. 2008 Newmont M (3a). 2 NY P&Ltpf (6)_. b0s NY P&Lt pf (7). 108 N Y Trans (.40g). 1 NY Wat Serptf . 1008 ag Hudson .40g 48 iag Hud B wr _. b Niag S(MA)B .60 8 Niles-Bem-P(2a). Nor St P A Norwst Eng T Ohio Br Bas Okla Nat Gas____ Okla Nat Gas pf_. 100. Oldetyme Dist __ 14 Pac GRE6 pf 150 1 Pac Lgtng pf(6). 1508 Tac Tin pl (2a) 2008 Pan Am Alr(.25g) Pantepec Oil Pender Gr A 315 _ Pennroad (.258) Pa P& Ltpt (8) . Pepperell (6a) Pharis T & R .60 Phila Co (.80g) PhoenixSec(3a). Pines Winter xr__ ' Pitts Forg Pitts Pl G1(5%g). Pioneer G1d(.40) _ Pleas Val W .15g_ Plough, tne (.80)_ Polaris M (.03g) Potrero Sugar Pratt&Lam 134 Prod Corp Prosperity B Pruden Inv__ P S Ind $6 pf P S No Il pf (6)_ Pug S P $5p161,k Pug S P $6 pf Rainbow Lum B_. Red Bank Oil Reiter Fogter Reliance El.7 Reybarn Inc. sz Reynolds Inv Richmond Rad Root Pet (%g) Royal Typ 4% & Rustless 1 & S_. St Anth Gold St Regis Pap .. Sampson Unit_ Savoy Oil Scovill Mfg 1.50g. Sec Corp Gen _ Segal Lock __ Seiberling Rub__ Selact Industries. Seversky Afrc Shattuck Denn___ Sherwin-Wms 4a. 5008 Simplic Pat 50g_. 3 Singer Ltd .286g . 14 Singer Mfg (6a)_. 10a 230 Solar Mfg (.20g) - So Penn Oil 115a_ SCalE pfC 13714 Sou Pipe L .45g Southland R .50g_ Spencer Sh 1.20g_ Stand C & S 1.60a. St Oil Ky (la)._ St Pow & Lt St Pow & Lt B Stand Silver&Ld_ Stand Tube B __ Starrett Corwc Ster]g Alum . Sterling Br Zax.. Sterchi Bros ___ Stetson(JB).50g_ Stinnes (H) Strook & Co 2 ___ Sunray Oil(.25g) - Super P C (B).80_ Swiss-Am El pf__ Taggart ____ Tampa El (2.24) _ Tam El rts Dec20 Technicolor .50 Texon Oil (.60) Thew Shovel Tilo Roof (1a)_ Trans-Lux (.20) Transwest Of1_ Tubize Chatillon._. Tung-Sol Lamp__ Un Prem FS .80a_ Utd Cgr Wh Strs_ Un Gas (Can) .80. Unit Corp war.. UnitGas ____._. Unit Gas war Unit Gas pt (7) Unit Lt & Pow A_ UnitLt& PwB __ Unit Lt & P cv pf. Unit Shipyds B Unit Shoe M 234a 325, U S Foil (B) .50g. U S Radiator _ Unit Spec (1.40), United Strs vte Unit Ver Ex 3g Unit Wall P 158 Univ Corp vte_. .. Util Pw & Lt (r) . Utility Bquit. ... Utility & Ind pf-. Venez Mex Oil. Walker Min 3) mh 09 S = D D IO 00 i e 0 50 508 55 255 508 15 15 P PN PR T TIPS O e T 4 108 5 27 West Air Exp West Grocer 1.20- 1008 West Tab & 8(2)- 50s Willms RC .45g . 1 Wolverine T .40g. 4 Woodley Pet .40 2 ‘Wright Har(.40a) 11 Ygstwn S D.75g- 217 Yukon Gold .12g 4 rIn bakruptc; reorganized under the 1% 121 2 W 3 2% afi\s 23% 44 7 154 17% 2 1% * 2a [ 1% or receivershis High Low Close. ! 3% 34 3 5% 13% 1% 1% 120% 120% 2 2 8% 54 % 4% 1 a8 ™ 13% 62'% % 1 38 ™ 13% 8 1% 59% 61 86l 9915 4% 17% 874 13 6% 34 1% 4% 2% 224 2214 4 £ 4 14% 13 344 8 21 2 24 " £ 6 15 120% 120% 303, 1% 17w 30% " 3% !. 114 2% i‘a 230 230 36‘4 23 4 6‘: 3&‘- 23 4l 15 1k 12% 2 131 108 108 4a 4n SuiaT * 17 4% 12% 94 2% 5l 3 184% 4l 124 s 2% 51y 8 or being e Bankruptcy Act. or securlties assumed by such companies, Rates Unless ntherwise not: diyidens are not includ dividend. b!ncludml extra or extras. ock. of dividends in the foregoing tabl are annual disbursements b last quarterly or semi- mnunll ectal ased on the eclaration. or ext nAIM) exera or extrs o Faid Tas clared or 0 fosular rate Accumulate rule. Xw Without warrants. war War- warrants. rants. dividend s —_— DIVIDENDS ANNOUNCED YORK, Nov. decl-rnd 7 Extra. Genl Acceptance. "“"M Genl tance A’ Genl Tefepnone Sothe “Erewioh Rosa water Mo Inittal, W. T. Grant, 5% Bl 26c Q Conl Efl.lwn »f ccep Sem1 Kocapiames - Grand o hler 128 20 (®.—Dividends ! (ot ot dopaate SRS MmN | be paid when the courts decide the | |status claims of American certificate ican estate in a report on its finances. OUTLOOK CLOUDY INCOTTON TRADE | <= Federal Bureau Sees Little Hope for Inmediate Rise in Activity. By the Assoclated Press. The Bureau of Agricultural Eco- nomics expresses little hope for im- mediate improvement .in the slacken- ing cotton industry. Although last week brought a price increase of slightly more than a quarter of a cent a pound, the bureau reported the volume of sales continued to be unusually small for this time of year and cloth markets remained dull. Cotton averaged 8.01 cents a pound for middling 7s-inch at the 10 spot markets, compared with 7.74 a week earlier, and 12.04 on the corresponding day a year ago. Futures contracts did not advance quite that much. Apparently dissatisfled with prices, farmers are pledging their cotton for Government loans at an accelerated rate, the bureau said. The Commodity Credit Corp. reported 2,774,000 bales of this year's huge crop hed been put up through November 26 as collateral for loans. The week's sales in the 10 spot markets totaled 99,000 bales, compared with 119,000 last veek and 179,000 for the corresponding week a year ago. The bureau said domestic mill pur- chases of raw cotton were again small in volume for both immediate and deferred shipments. It said domestic mill activity declined further during the week, and cloth production con- tinued to exceed sales. Mill margins, the difference between the price of a pound of raw cotton and the price of cloth made from it, averaged 12.85 cents for the week ended November 19, compared with 16.82 for the corresponding week a Yyear ago, Export buying was again inactive, the bureau said, reporting foreign purchases at 121,000 bales for the week, compared with 176,000 for the previous week and 109,000 for the corresponding week last year. Total exports from August 1 to November 26 were 2,370,000, or 175,000 more than a year ago. FURTHER KREUGER DIVIDEND LIKELY Creditors May Get Additional Funds When Courts Decide Status of Certificate Holders. By the Associated Press. NEW YORK, Nov. 29.—A further dividend for creditors of the bankrupt Kreuger & Toll estate will probably holders, said Edward 8. Greenbaum, trustee in bankruptcy of the Amer- It showed that the estate has over | $1,600,000. The Swedish estate, he said, has more than 21,800,000 Swed- ish kroner, or more than $5,000,000. Kreuger & Toll was the key enter- prise of the involved corporate struc- ture set up by the late Ivar Kreuger, who was known as the “Swedish match king.” . — GENERAL REINSURANCE PREMIUMS INCREASE Special Dispatch to The Star. NEW YORK, Nov. 29.—Net written premiums of General Reinsurance Corp. were $4.262,808 for the nine months to September 30 last, the largest for any corresponding period since 1929 and $214,406 or 5 per cent greater than those for the same period last year, Edgar H. Boles, president, announced. For the same 1937 period, net writ- ten premiums of the company's fire reinsurance affiliate, North Star In- surance Co., were $1,258,750, an in- crease of $326429, or 35 per cent over the 1936 period and also the largest for any corresponding period since 1929, SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) Ofter. Amer. Tel. & Tel. 5125 1943 Auburn Auto Co.'434s. 1939 Baldwin Loco. Works 5s, 1940 Ches. & Ohi 5 193 Edison Elec. s. 1939 Gen. Public Bermce alas. 1038 Grand Rap. & Ind. 4125, 1 Tadcde Gas Light Se. 1n'Q1 Lehigh Valley Coal 6s. 1838 Lehixn Val Ter. Rwy 61, 194 1 l W 4 Rio Grande Syen 4: 1939 e R R AS S L Vanadium Corp. Vertientes Susar & Co. Warner Bros. 65 1949. West. & Pa. 48”104 Western Oriton Tel, 55 1088~ FOREIGN EXCHANGES. NEW YORK, Nov. 20 (P).—Foreign ex- change steady: Great Britain in dollars, others in, cents: cables, 3 France. gius 320 l’ell!le d Holland, 25.75; 'Denmark. Suitzeriondr 35 Pnrtuénl. 4.54: Gro uchulovnk(n Austria, 18.9 Huni 9.90: Rumania, .76; Argentina. !rnll (tree), 5.70 29.85: 4 R0; New York, 0935 ; New York in Montreal, 99.90%. + n—Nominal. NEW YORK SUGAR. NEW YORK. Nova 20 (®.—Sugar futures were steadier here today on in- Creased covering and buving by houses with Cuban _connections, es clfiwy in the No. 4 contract, encouraged turther v in t ndon rist. arc] te 1776 ‘and May 10,1 g points get higher; int "Det nmm" SR Tarker: at % | 8°5.m. "Rolding aound the best: 0 ey HETAL MARKET. ORK, Nov. 20 Serelytie 1L.00:"export, 1 ne.l by ’:nd fut Lout: Zin m-ai o A astern _Pennsylvanii : Alabama, 20.00. luminum, .00, Antimony." spot. pure, 40. waunniu.’ge 80, nominal. REGISTRATION STATEMENTS. statements for new securi- flea":'?:?y R A2 N o e ] - "fi’! n!fllha Mining Co.. Golden. Idaho, $170.000 of 35 cents nr i |ll common -n. VOTE DISSOLUTIO OF UNITED VERDE Holders Approve Proposal to Liquidate Firm With Ore Exhausted. By the Associated Press. NEW YORK, Nov. 29.—Corporate cxistence of the 35-year-old United Verde Extension Mining Corp. of Jerome, Ariz, will be terminated by liquidation, it was voted by stock- holders at a special meeting today. Approving a course long considsred by the management because of ex- haustion of ore resources, stockhold- ers will receive on December 20 a liquidating dividend of $2 a share. ‘This will come out of the approxi- mately $2500,000 cash in treasury. There will be distributed later pro- ceeds of company’s marketable se- curities, currently worth about $1.- 000,000, and such sums as may be derived from the physical assets, mostly consisting of machinery and equipment. By dissolution the company writes the final chapter to the history cf an enterprise started by the Douglas family, pioneers in the development of Western copper properties, which in its corporate span returned to share- holders nearly $50,000,000 in dividends. Back in the 1920s, before its ore resources began to play out, the com- pany produced from 40,000,000 pounds to around 64.000,000 pounds of copper annually. Since 1933 the output has tapered sharply each year, totaling only about 14,200,000 pounds for 1936. Despite the vicissitudes of changing | B copper markets and declining capacity the company had an unbroken record of dividend payments through every year since 1916. INVESTING COMPANIES NEW YORK. Nov. 28 .p.—New York Becurity Deajers’ Association. (Noon ‘quotations.) Bid, Admin Pd 12 2nd_Inc___ Corporate Trust Corporate Trust Equitv Corp $3 pt Fidelity Fund Inc First Boston Corp iscal Fund Bk Shr Fixed Fixed Found Tr 8h A Fund Investors Inc._ Fund Tr Shrs A Fund Tr Shrs B Gen Capital Corp Gen Tnvestors Tr 2 Group Sec Agriculture Group 8ec Automobile Group Sec Building _ Group Sec Ghemical Group SocC Invest Shre Sec Merchandise Sec Mining Group Sec Petroleum Group Equip Sec Steel 8ec Tobacco Holding Investors b Group Group Group PABDBAN BAmWEDD BASIBE DR e e Keyston, Keystone Keystone Keystone it gt o Y. ocks Stoeke BIgE Seoel- 8tocks. Elec Equip Stacks, Insurance _ - Stocks, Machiners N Y Stoc R R Eaquip_ teel oP sttt S T R B SEIFERY R22PBZ2 FEUITAREURI25I55R ) Dos 1R @O s L !choellmnf-nunon X Pom Selected Am 8h come e B R B B RN SDNALI D B D BDARD A BA DN SRR D 'zm'a—aa»»a-b'zbb-:nv:&r'v'h‘::lw L1i3i3Dio’ &3 i3I N DD D SRS Super Bupervised. Bhrs Truste. Stand Inv Trustee Trustecd Am BB Trusteed Industry shra D081 100 Wellington Fund T 18127 1462 CHICAGO LIVE STOCK. CHICAGO. 20 (P —(United Department el A:l’h‘.ul -Hogs, 21/ cTaaine 7,000 direct; ‘market cioein 45 higher than Pridax’s average; top. 8. few selected hogs held higher:’ bulk 1 pounds. 8.4 c h SRd helfers here: undertone S5 lowar it varmed up steers turning at 9. 0 4R mps showing shippe moderate; Sommereal gteers 13,00 down: sprinkli 13.00-50 and few loads internat; re‘]ecu carried 1r ll?.‘\' 80 rrll&y and short. lell u'l lhlrm. ¢uner grades Iul heifers excessive 1 higher at 6.76 down: lown: very fe choice held 9.85-10.00 lnd above: sheep shout steads: slaughter eves, 4.0008.00; feeding lambe’ scarce; few medium to sood, VISIBLE GRAIN SUPPLY. NEW YORK, Nov. 20 (#).—The vis- ible supply of American grain shows the following changes (in bushels): Wheat decreased 4,801,000; corn in- M 2,880,000 oats 0, 000; rye decreased 139 creased 299,000 Lead Production In Month Scores Substantial Gain By the Associated Press. NEW YORK, Nov. 29.—Domestic refined lead production in October totaled 45,112 tons compared with 37,- 989 in September, bringing total pro- duction for the first 10 months to 407,093 tons, the American Bureau of Metal Statistics reported today. World production amounted to 164.- 659 tons in October against 159.032 in September, making total production for the 10 months 1,533,040, World zinc production in October totaled 162,322 tons compared with 151,357 in September and 145.123 in October last year. For the first 10 months production amounted to 1.- 530,680 tons against 1,202,127 in the like 1936 period. Domestic zinc production in Oc- tober totaled 52,645 tons compared | with 50,027 in September, bringing total output for the 10 months to 488,752 tons. Washington Exchange SALES. Washington Gas Light pfd.—10 at 98, 3 at 98. AFTER CALL. Security Storage Co.—4 at 100. Bid and Asked Prices. BONDS. \ PUBLIC UTILITY. Asked. Amer. Tel. & Tel & c. astial Traction R R, 88° City & Buburban B Wash. Gas 55 1080 _ Wash! Rwy. & Elec. 4s Chevs Chase Club 1st 47s Col. Countrs Club st 4t4s W. M. Cold Storage 55 STOCKS. BLIC U' Amer. Tel. &UTeLC() Qupital, Transit Co. & W._Steamboat (8)" Pnl Elec, Pow. 6% prd, e ® 8 Nom (28) 5500 Wit Ry, & B o &) 1108 BANK AND TRUST OOMPANY, r. Sec. & Ti vings (e10) Rerts” (8 Lincoln_(16.25) Natl_ Sav. & Br Georses BC. & Tr. Rizgs (eR) - &6s pfd. (5) Washington (6) Wasn. Loan & Trust (eR) .50) American (8) Firemen's (1.20) Riiona “onion .80) TITLE Columbia (.30) Real Estate (8) Carpel Corp. (2.00) Lanston Monotype (t4) incoln Serv. com. tv\om incoln Serv. 3.5 Mergenthaler, | go?]-v By 8 S (5%0) Est. M.&G pfd. (**.3 Securits "Storage (5) Ter. Ret. & Wh. Cor Wdwd. & Loth. com Wdwd. & Loth. pfd. *Ex dividend. 'P’lux enns L aan 2 issias WE Do HBENR (3 2% extra f1le ex. 18 extra payable November 30. © 3 e et 30c paid June 24, NEW YORK BAR SILVER. NEW YORK, Nov. 20 (#).—Bar sil- ver, 443, unchanged, Money for C:“nh-uho n Loans Loans on Exk?-‘yg Properties 0 FIRST DEED OF TRUST ONL! 643 Indiana Ave. N.W. Nat’l 0350 FINANCIA A.T.&T. Net Income by Quarters won Quarters OOUARS December 31 INCREASE SHOWN BY STATE DEBTS Gross Bonded Total Up 34.25 Per Cent From 1930 to 1937. By the Associated Press. NEW YORK, Nov. 29.—Borrowing during the depression years increased the gross bonded debt of the States by 34.25 per cent—from $2,372,041,000 in 1930 to $3,184,467,000 in 1937—ac- cording to an analysis entitled “Re- sources and Debts of the 48 States,” currently published by the municipal service department of Dun & Brad- street, Inc. This upward trend, however, has not been universal. While 27 States in- creased their bonded debt since 1930, 18 States reduced theirs, and 3| effected no change. ! Louisiana showed the largest per| capita increase, $34.59, followed by | New York and Minnesota, with a per capita increase of approximately $20 each. North Dakota led in debt re- duction with a per capita decrease of $16.82 in the seven-year period, fol- lowed by Oregon with a per capita decrease of $11.37, and South Dakota with a $9.71 per capita. Delaware and North Carolina also showed sizable reductions. The combined net debt of States, counties, municipalities and other local | debt-making groups is $14,599.310,000, or $113.68 per capita, the analysis showed, in emphasizing the fact that State debt alone is not the greatest factor in the non-Federal govern- | mental debt burden. | 405,799 for November, L. s#4 A—17 AUTOPRODUCTION EXPECTED TO LAG Further Tapering Indicated by Slow Steel Orders, Review States, Bpecial Dispatch to The Star. NEW YORK, Nov. 29.—Extended for the fifth consecutivé year, pro- duction and sales of ~automobiles were maintained above the 1936 com- paratives during the 10 months of 1937, according to a survey by Dun & Bradstreet, Inc. “The industry, as a whole, was at an eight-year high; in some divisions & new peak was reached. November production, however, dropped under the previous year's for the first time in 12 months. Indications of further tapering were evident in the deferred steel buying, slower specifications to parts makers, and the postponement of expansion plans, as orders for 1938 models failed to attain the quotas set. “Spurred by the necessity of hunt- ing for prospects, manufacturers have raised their advertising appropria- tions, and every means available will be strengthened to weaken consumer resistance. Ten-month production of 4,295,799 units was up 164 per cent from 1936. As the November drop may widen in Decemrber, total 1937 production has been estimated at 5,035,000 units. This would compare with 4,616,274 in 1936, a rise of 9.1 per cent. The latter would contrast with a gain of 12.1, 43.5, 44.5 and 38.7 per cent in 1936, 1935, 1934 and 1933, respectively. “Pre-eminent position still was re- tained by the “big three” manu- facturers. Their percentage of the total units produced, however, de- clined from 87.50 for the first 10 months of 1936 to 8624 for the corresponding 1937 period, Several small manufacturers made wide ine creases in their production this year. Adjustments were being planned of some of the price discrepancies that were making selling difficult. “From the year's low of 175620 units in September, during the brief shift to 1938 models, production of motor vehicles in the United States and Canada rebounded to 340,920 in October. Instead of the 500,000 planned. November output was only 390,000 (preliminary), going under the 1936. This was the first time in 12 months that the previous year's assemblies were not exceeded. December output may be reduced further, as some of the manufacturers expect te shorten the work-week to three days, if incoming orders should continue slow. “During each of the first 10 months | of 1937, however, with the exception of September, production was main- tained at an eight-year high. All | corresponding monthly totals back to | 1929 were passed.” Japan and Religion. The Japanese cannot claim to be a religious race unless Emperor-worship and patriotism be considered relizious. —_—— NEW YORK LIVE STOCK. NEW_YORK. Nov o partmertt Of - Agricultire) - including 930 direct. Steers 50 lower 1.967 pounds Tennessees '11.00. fully' steady: cutter to medium. 5 00-6 & few down to 430, top sausage Demand fairly active for steads: plain to medium f cutter to cutter. 3.50-5 .00 i 5 a’few down to Vealers and calves, 2,800, including 500 direct. Vealers uneven. better grad strong to 30 higher: undergrade weights wesk to 50 lower: bul cholce medium weights. including 8 - Lamb demand zood to choice | nds, mba. 11,000, ‘Sheep nominal. v active. 25 higher West Virginias 10.75: zood State, 10.50 common throwouts. ) | Hoss. inal 4,570, all direct. Market nom- Own Your Home Outright in 20 Years $9.50 per $1.000* per month || pays all carrying charges and |} taxes. *Approximate. Conasult ISHANNOQ & Lucusl Mortgage Loan Correspondents ESTORS SYNDICATE 1505 H St. N.W. NAt. 2345 ON REAL ESTATE To Purchas Interest a eor Refinance s Lowas 5% No Commissions No Renewals Easy Monthly hymanu as Low as $7.50 r $1,000 COLU MBI A BUILDING ASSOCIATION 716 11th St. N.W. REAL ESTATE LOANS On Improved Property in D. C. and Arlington County, Va. NO COMMISSIONS RENEWALS UNNECESSARY OFFICERE Charies Kattelmann Arthur C. Balser_ Wilfred H. Bians_ Guy M. Neely. 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