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A-14 HOSING OF BANK DISTURBS STREET New Yorkers Startled by News, Although Event Had Been Forecast. BT JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK. December 12.—Notwith standing the rumors that have been current for some time. New York was startled yesterday by the announce ment that the Bank of the United States, with its 59 branches, had been closed. * A meeting of business and banking leaders was called immediately at the Federal Reserve Bank. It was a distin guished “party’’ that gathered there. The Federal Reserve Bank officers pres ent included: J. Herbert Case, chairman of the board; George L. Harrison, gover nor, and W. Randolph Burgess, deputy governor. In addition there were present Owen D. Young, Albert H. Wiggin, Mor timer N. Buckner, Charles E. Mitchell, Jackson E. Reynolds. Thomas W. La ment, Charles H. Sabin, Lieut. Gov. H. H. Leman, E. Chester Gersten, president of the Public National Bank; B. K. Marcus, president of the Bank of the United States; Saul Singer, Nathan S. Jonas and Ralph Jonas of the Manu facturers’ Trust Co., and F. E. Hasler of the International Trust Co. Bank Grew Rapidly. Although a member of the Federal Reserve System, the Bank of the United States has no connection with the United States Government. It is a State bank and started in 1913. It grew rap idly into a metropolitan bank with a capital" of $25,250,000 and $17,156,000 surplus and undivided profits, with gross deposits of $202,972,000 on Sep tember 24 last. A big bank in any city —even New York. Its branches were scattered through out the entire city, especially in the working men’s residential sections. It had 400,000 depositors, most of whom have small savings accounts; 23,000 stockholders, and 1,884 persons, ex cluding officers, employed in the main office and the various branches. The bankers and business men worked desperately until dawn yester day. A score of suggestions were put forward, but none was found satis factory. Just one thing remained—to turn over the institution to the New York State Banking Department. Yesterday morning a little typewrit ten notice, posted at the main entrance of each of the 59 branches, stated that the bank had been closed and taken over by the State authorities. Loans Were Impaired. The closing of the bank is an after math of the bull market. Many of its big depositors had invested heavily In stocks. When the stock market broke In the Fall of 1929 a number of its loans were impaired by too thin col lateral. So thousands of depositors now find all their funds tied up in the closed bank. What can be done to relieve the distress? The New York clearing house an nounced yesterday that it is prepared to loan against the net claims of de positors of the bank up to 50 per cent of such claims. This helps to take the bitter edge off the situation. For example: If a depositor owes the bank SI,OOO and carries $2,000 on deposit, his net claim against the bank will be SI,OOO. Under the plan an nounced by the clearing house he will be allowed to borrow SSOO and assign the SI,OOO claim as collateral. This will help somewhat to meet the situation. But a great many of the bank's deposits are based on loans given, so that, while deposits on the last call are more than $200,000,000. probably the net loans possible under such a plan will not exceed $50,000,000. Marcus’ Career. B. K. Marcus, president of the Bank of the United States, is one of the youngest of big bank presidents of the United States. He has just passed 40. Elected to the presidency of the bank In July, 1927, when he succeeded his father, who founded the institution, young Marcus has had a meteoric career In New York City. • When the bank was incorporated 17 years ago, Marcus was made cashier at 23. He has been with the bank ever since, and Is well known throughout the country. He is a graduate of Co lumbia University. Two years ago he was given a testimonial dinner at the Commodore Hotel, attended by more than 2,000 distinguished men and women of Greater New York. The speakers on that occasion were Mayor Walker, Dr. John H. Finley. Felix M. Warburg, George V, McLaughlin and C. Stanley Mitchell. * Name Was Confusing. The name of the closed bank is most 1 unfortunate. Many people—especially abroad—believe that because it was called the Bank of United States, It is part of the banking system of the Fed erad Government, just like the Bank of France is in France, or the Bank of England in Great Britain. The State of New York, very un wisely, allowed the incorporators to use the words "The Bank of United States" as Its title. Such a distinguished name sliould never have been given to any corporation. The name Is very likely to cause, in many quarters, endless con fusion and fear. The State has already recognized this and has adopted meas ures to prevent a repetition of this mis take. The officers and the board of direc tors doubtless will be severely criticized for the crash. But, the New York Clearing House, composed of 23 of the largest banks in the city, cannot en tirely escape responsibility. It never should have allowed such a large insti tution to get into such a jam. The clearing house officials may say that the closed bank didn’t meet their requirements, and hence they had no responsibility in the matter. But they have. Just the same, for the people look to the New York clearing house, more than to any other body, to see that such a situation as this one does not occur. The people who deposit money In banks expect the responsible banking leaders to meet such problems, so that every unhealthy banking condition will be quickly taken in hand, and before It is too late. No, the New York clearing house can not eliminate its share of the responsi bility in this financial crash. And this debacle, too, should put a quietus on the mad scramble for State j and national bank charters, the cause l of much trouble in many States in re- j cent years. Here. too. the clearing house can be of inestimable value if it : Joins the opposition to the granting of too many banking charters. New York bankers whom I talked to yesterday, however, felt that the situa tion is now well under control and that the worst is over. (Oopyrlfht, 19J0. by North American News paper Alliance.) RATE RECONSIDERATION BY I. C. C. IS REQUESTED Br the Associated Press. Seven New York and New England , business organizations todav asked the : Interstate Commerce Commission to re consider Eastern class rates on freight j transported partly by water and partly by rail. The petition told the commission that the rates as outlined for freight to. from and through New York Harbor were un clear. The organizations joining in the ac tion were the Associated Industries of Massachusetts, the Boston Chamber of Commerce, the Fall River Chamber of Commerce, the Merchant Association of New York, the New Bedford Board of Commerce, the New England Traffic League and the Textile Converters’ As sociation. FINANCIAL. NEW YORK STOCK EXCHANGE I Received by Private Wire Direct to The Star Office. (Continued From Page 13.) Stock end Seles— Prey. Kith Low Dividend Rate. Add 00 High. Low Close. Close 138% A3H Louts A Neeh (7)... 4 95 93% 93% 92% 44% 9% Ludlum Steel 10 10% 10 10% •% 99% 40 Ludlum Steel pf 2 87 87 37 40 74 43 McCrory (A) (2).... 10s 43 43 43 43 70 40 McCrory (BM2) 1060 s 40 89 39 40 89% 61 McKeespt Tin Pl(f6) 16 71% 71% 71% 71% 87% 10% McKesson A Rob (1) . 8 15% 15 15 15% 49% 25% McKee AR pf (3%). 1 32 32 32 32% 20% 7 McLellan Stores..... 8 7% 7% 7% 7% 88% 38% Mack Trucks (4).... 6 39% 39% 39% 39 159% 96% MacyACo (ntS).... 3 100 99% 99% 99 15% 6 Madison Sq Gar (1) 8 6% 5 5 6 62% 20 Magma Copper <2).. 1 21% 21% 21% 21% 13 2% Malllson A Co 2 2% 2% 2% 2% 15 6% Mandel Brothers.. 4 6% 6% 6% 6% 42% 24 Man Kiev mod c <ds) 3 32% 31% 31% 33% 24% 7 Manhat Shirt (1)... 420 s 6% 6% 6% 6% 10% 2 Maracaibo Oil Exp.. 4 2 2 2 2% 82% 20% Marine Mid (1.20)... 3 20% 20% 20% 20% 26% 16 Market St Ry pr pf. .• 1 18 18 18 18 65 21% Marli#-Rock <ts%). 1 26 26 26 26 30% 5% Marmon Motor Car.. 2 6% 5% 5% 5% 48% 30% Marshall Field (2%) 18 31% 30 30% 30% 61% 32% Matnleson Alkali (2) 3 36% 35% 35% 35% 61% 81% May Dept Stre (n3>.. 12 32% 31% 31% 31% 23 6 Maytag Company.... 8 5% 6% 6% 6 40% 15% Maytag Co pf (1).... 1 16 16 16 15% 84% 69 Maytag Co let pf (•) 1 69 69 69 69 23% 6% Mengel Co (2) 2 7% 77 7% 92% 69 Mengel Co pf (7)..., 10s 79% 79% 79% 75 37 9% Mexican Seaboard... 11 11 10% 10% 11 33% 7% Miami Copper 6 8% 8% 8% 9 77 41% Michigan Stl <h2%). 2 43% 43 43% 42 33 13% Mid-Cont Pet (2)... 20 13% 13 18% 13% 53 15% Midland Steel (2) . 2 21% 20% 20% 20% 110 74 Midland Steel pf (2). 1 81 81 81 88 28% 5% Minn Moline Pow... 15% 6% 5% 6% 2% % Minn & St Louie 2 % % % % 66% 17% Mo Kan A Tex (2)... 8 18% 18 18 17% 108% 70 Mo Kan ATexpf (7) 4 70% 70% 70% 71% 145% 95% Missouri Peo pf <B).. 2 97% 95% 95% 96% 40 11 Mohawk Carpet ... 4 11 10% 10% 11 63% 23 Monsanto Ch (gl %). 3 26 25% 25% 26% 49% 16% Montgomery Ward.. 70 19% 18% 18% 18% 72 48% Morrell ACo (4,40).. 1 50% 60% 50% 51 2 % Mother Lode 6 % % % % 11% 1% Motor Meter G A El. 3 3% 3% 3% 3% 81 26% Motor Products (2). 2 28 27 27 25 34 14% Motor Wheel (3) 1 14% 14% 14% 14% 20% 6% Mullins Mfg 1 10 10 10 10 64% 38 Mullins Mfg pf (7).. 100 s 42 42 42 42 53% 25% Munslngwear (t 4).. 1 28 28 28 28 25% 9 Murray (B)(2% stk) 6 12 11% *ll% n% 68% 24 Nash Motors (4).... 43 26% 25% 25% 26 26% 6% Nat Acme (1%) 6 7% 77 7 20 8% Nat Bella Hess 2 3% 8% $% 3% 93 68% Nat Biscuit (ta.20).. 48 77% 75% 76% 76 83% 28% Nat Cash Reg A <t4) 15 30 28% 29% 29% 62 38% Natl Dairy (2,60).... 89 40%" 39% 39% 40% 24% 6% Nat Dept Store 16% 6% 6% 6% 90 71 Nat Dept St Ist (7).. 180 s 70% 70 70% 71 144 138% Nat Lead pf <A> (7). 80s 141 141 141 141 58% 30 Nat Pow ALt (1>... 34 34% 34% 84% 34 1% % Nat Ry Mex 2d pf... 6 % % % % 4% % Nat Radiator 1 % % % 1 62% 41 Nat Steel (2) 320 s 44 42% 43 42% 124% 69% Nat Supply (6) 3 74% 72 72 78% 116 106% Nat Supply pf (7)... 10s 109V* 109% 109% 109% 98% 45 Nat Surety (6) 8 47 45 45 47 41% 14% Natl Tea (1) 2 16% 16% 15% 15% 64 24 Neisner Bros (1.60). 1 24 24 24 27 32% 9% Nevada Copper (1).. 27 11 10% 10% 11 58 14 Newton Steel 7 14% 14% 14% 14 129 113 N OTex & Mex (7).. 60s 116 115 116 113 47 28% N Y Airbrake (2.60). 2 26 26 26 28% 192% 116% NT Central (2) S 3 118% 116% 116% 119 324 155% NY A Harlem (5)... 60s 161 160% 161 162 32 13% N T Invest (1,20).... 4 13 11% 12% 13% 128% 75% NYN H A Hart ($). 14 76% 76% 75% 75% 17% 6 NT Ont A Western.. 3 5% S'* 6% 5% 2% % N Y State Railways.. 70s % % % % 106% 100 N T Steam pf(«).... 10s 103% 103% 103% 103% 117 110 N T Steam Ist pf (7) 60s 113 113 113 112% 265 190% NorfolkAWest (tl2) 1 191% 191% 191% 190% 15% 5% North Am Aviation.. 5 6% 6% 5% 5% 132% 69% Nor Am (blo%stk).. 80 65% 64 - 64% 64% 67 52% North Amer of (I).. 3 63% 53 63% 52% 65% 31% No Ger Lloyd (3.42). 1 31 31 81 31% 91 86% Northern Central (4) 100 s 87% 87% 87% 89% 97 49 Northern Pacific (5). 84 60% 49 49% 50 SO% 42 Northwest Tel (2)... 10s 46 46 46 49% 32 16% Ohio Oil Co (2) 7 17% 17% 17% 17% 34% 2% Oliver Farm Equip.. 11 2% 2% 2% 8 90% 17% Oliv Farm Eq pr pf.. 1 30% 30% 30% 29 46% 4% Oliver Farm Eq cv pt 8 6% 5% 6% 6 8% 2% Omnibus Corp 2 4 4 .4 4 56 25 Oppenhelm Col (3).. 1 25 25 25 25% 80% 48% OtieElev n (2%).... 8 64% 63% 54% 63% 128% 118% OtieElev pf ($) .... los 125’% 126% 125% 126% 38% 11% Otis Steel 1 n n H To 60% 86% Owens 111 Glass (8).. 16 36% 36% 35% 37 74% 44% Paoifio Gas AEI (2).. 2 46% 45% 45% 45% 107% SO% Pacific Lighting («). 10 52% 60% 60% 61% 178 122 Paclfio Tel A Tel (7). 60s 122 121% 121% 122% 23% 7% Packard Motor (60c) 45 8% 8% 8% hu 12% 1% Panhandle PAR.... 12% 2% 2% 2% 77% $7 Param’nt Publlx (4). 81 39 86 36% 39 35% 6% Park A Tllford 8 6% 6% 6% r 4% 1% Park Utah 11% 1% 1H 26% 3% Parmelee Tran (80c) 6 4 4 4 4 9 2% Paths Exchange... .< 26 2% 2% 2% 2u 19% 4% Paths Exchange (A). 75% 4% k k $2% 9 Patino Mines 4 9% 9% g% a 14 8 Peerless Motor Car.. 13% 8% 3% a** 80 80 Penney (JC) (3) .. 5 31% 81 31% 81% 12 8% Penn Dixie Cement.. 16 8% 2% 8% *% 56% 20% Penn Dixie Cem pf.. l 22 22 22 21 86% 64% Penna R R (4) $8 55% 64% 56% 66 825 193 People’s Gas Ch ($). 1 212 208 208 212 101 90 PereMarq prpf (6). 40s 90 90 90 90 27% 9% Petrol Corp (1%)... 42 19% 9% 9% 10 44% 20% PhelpeDodge (2).... 13 22% 22% 22% 23% 25% 9 Phils Read CA 1.... 13 9% 9% 9% 0% 27% 12 Phllllpa-Jonee Corp.. 1 u% 11% 11% 14 75 $4 Phillips-Jones pf (7) 40s 53% 53 68 54 16% 8% Philip MorrisACoU) 19 9 9 0 44% 14% Phillips Petrol (n 2). 82 16 ‘ 14% 14*/. irs* 20% 8 Phoenix Hosiery.... 1 g g g 'T* 88 73% Phoenix Hoe pf (7)..160e 73 73 73 73% 62 8% Pierce Ollspf 3 8% 8% 8% 8% 7% 2% Pierce Petrolm(lOc). 8 2% 2% 2% 9% 37% 27 Plllabury Flour (2).. 1 28% 28% 28% 28% 60% 36% Pirelli Italy <sl.l4>. 1 34% 34% 34% 35% 78% 23 Pittsburgh Coal - 2 23 28 23 S, 110 67 Pittsburgh Coal pf.. 1 68 68 68 R7 22% 14 Pitta Screw (1.40)... 2 14% 14% 14% 14^ 103 87% Pitts Steel pf (7).... 94. 89 89 89 87% 24% 9% Pittsburgh Unit Corj 2 12% 12% 12% 1* 34% 11% Poor ACo (B) (2)... 2 12 11% 19 11% 27% 4 PR Am Tob (8).... 14% 4% 4% 4% 54 14 Prairie Oil A Gas (8) S 14% 14 14 14% *0 20% Prairie Pipe L (ts).. 13 20% 19% 19% 21 16% 3% Pressed Steel Car. .. 4 3% 3% au. 78% 52% Proct A Gamb (2.40). 12 68% 62V* 63 6*2% 11% 3 Prod A Refiners 1 j * j Z? 40 14 Prod A Refiners pf.. 600 s 14% 14% 14% 151* 128% 66 Pub Sv N J (1.40) . 28 71% 69% 70 69% 117 106% PubSvNJpf (6)... 6 112 112 112 112% 112 107% PubSvEAGpf («). 1 108% 108% 108% 109% 89% 64 Pullman Corp (4)... 4 66% 66% 6fi% kr! 8% 1 Punta AlegreSygar.. 1 1 1 6 ft* 27% 10 Pure OH 30 10% 10 10 10 114% 93% Pure Oil pf (8) lgOa 96% 96 96 mix 88% 36 Purity Bakeries <4). 17 39% 37% sl% 37% 69% 12% Radio Corp 123 14% 18% iav. iai% 87 48% Radio pf A(I %).... \ 49% 4} 12 12 85 33% Radio Corp (B) (*).. . 7 40 37% 39 u as $0 17% Radlo-Keith-Orph A. 89 18% 17% 18% 17% 68% 17% Raybeatos Man 2 60. 3 20% 19% lie \iZ 64% 26% Real Silk Hosiery(3) 46 29% 28 28% ”S 1 SSfSSKVS:::: J T f T 1 37 8 Reis (R) ACo Ist pf. 30s 12 12' 12 iiu. 46% 14% Rem Rand (1.60)..,. 23 17 16 lie l!% 79% 16% Republic Steel 37 16% 15% 96% 38 Republic Steel pf (6) 6 39% 39% 39% 12* 3 ® *® R«vere Copper A Br. l R) JJ* ™ 72 39 Revere CAB (A) (4). 1 34 34 34 aa 34% 12% Reynolds Metals (2). 6 12% l<> 12% iou 80 70 Reynolds Tob A (I). 20s 76 ?g if* ll* 68% 41% Reynolds Tob B <B>. 30 43% 42% 43% lau 28% 6% Richfield Oil 14 6% 6% *£ 25% 7 Rio Grande Oil 14 7% 7 55 59% 29 Ritter Dent Ms (tl). 1 29% 29% 29% 29% Brokers’ Comment NEW YORK, December 12.—Com- I mission house letters today point out that the stock market reacted well to yesterday's local bank closing. Some believe the rally will carry further. Opinions follow: Jackson Bros., Boesel & Co.—“ While we see no prospect of any marked Improvement In stock market prices for the immediate future, It does seem probable that the rally which set In yesterday afternoon can go a little farther. This rally was not the result of organized attempts to support the stock market. It was a natural re j bound from an oversold condition.” ! Shields & Co.—" That the stock mar ket Is In vastly Improved position as compared with a few months ago was demonstrated by the manner In which It took the announcement of the clos ing of the Bank of United States.’’ Tobey & Kirk—“We think that the market will present a better appear ance in near future.” Redmond & Co.—“ While the action of the market seemed Impressive, we be lieve it Is too early to determine defi nitely that the full effect of the shock has been passed. We would prefer to * THE EVENING STAR, WASHINGTON, D. C., FRIDAY* DECEMBER 12, 1930. Stock end Sales— Prey. Sikh. Low. Dividend Rete. Add 00. Hlkh. Low. Close. Close. 48% 18% Rossle Insur (2.20).. 4 19% 18% 19% 38% 56% 87% Royal Dutch at. 2166. 8 40% 89% 39% 40 122% 44% Sareway Stores (■>.. 1 49 46 46 48 99% 87 Safeway pf ($) 70s 92 91 91 93 67% 23% St Joseph Lead (ts). 8 24% 23% 24 23% 118% 45% St L-San Fran («)... 17 48% 47 47% 46% 101 70 St L-San Fran pf («) 1 72% 71% 72% 74 76% 21 St L Southwestern.. 6 21 20% 20% 21 31% 14 Savage Arms (2).... 2 14% 14 14% 14 13% 4 Schulte Retail Strs.. 13 4% 4 4 4% 12% % Seaboard Air Line... 4 % % % % 28 1% Seab’d Air Line pf... 11% 1% 1% 1% 100% 46 Sears Roebuck 32%.. 22 61% 49% 49% 50% 8% 1% Seneca Copper 5 1% 1% 1% 1% 13% 3% Serve! Ino • 8 4 3% 3% 3% 27% 14% Sharp A Dohme 1 14% 14% 14% 15% 52 20% Shattuck (FG) (11 %) 10 23% 22% 23 22% 48% 32 Shell Transp (a2.43).100s 32 32 32 32% 26% 7% Shell Union Oil 23 8 7% 7% 8% 106% 65% Shell Un Oil pf (6%) 2 69 67% 67% 70 $6 4% Shubert Theaters.... 16% 5% 5% 5 94% 11 Simmons Co 32 16% 15% 16% 16 37 6% Simms Petroleum,.. 16% 6% 6% 6% 32 11% SlnclalrCon Oil (1).. 63 11% 11% 11% 11% 112% 96 Sinclair Oil pf ($)... 1 95% 95 95 96 42 10% Skelly 011 (2) 4 11% 10% 10% 11% 8 1% Snider Packing 12% 2% 2% 2% 30% 11% Sou P Rio Sug (1.40) 1 14% 14% 14% 15 122 103 Sou P Ric Sug pf (8) 10s 110% 110% 110% 110 72 43% Southern Cal Ed (2). 2 45% 44% 44% 46 9 3% Sou Dairies (B) 1 4 4 4 4 127 95% Southern Pacino (6). 6 97% 96% 96% 96% 136% 55% Southern Rwy <s)... 12 58% 57% 58% 58 135% 73% Sou Ry MAO ct (4). 1 73 73 78 73% 37% 19% Spang-Chalfant 1 27 27 27 26% 30% 9% Sparks Wlthlng (1). 3 9% 9% 9% 9% |O% 3 Spear ACo 20s 2% 2% 2% 3 85 70 Spear &Co pf (7).... 10s 67 67 67 70% 36% 8 Spicer Mfg 18% 8% 8% 8% 46% 25 Spicer Mfg pf (8).... 1 26V* 26% 26% 25 52 6% Spiegel-May-Stern.. 2 7% 7% 7% 8% 29% 14% Stand Brands(l.2o).. 81 17 16% 16% 16% 7% 8 Stand Comm T0b.... 14% 4% 4% 4% 129% 58% Stand GAE (8%)... 6 60% 69% 69% 60% 67 60% Stand GAE pf (4)... 1 60 60 60 60% 104 95 Stand GAEI pf (6).. 2 95 95 95 95 75 46% Stand Oil.Cali(h2 %). 23 46% 44% 44% 47 84% 49 Stand Oil of N J (tl) 33 61% 49% 50 51% 40% 24% Stand Oil N Y (l.$0). 80 24% 28% 23% 24% 47% 20 Starrett (LS)(t2%) 1 21 20% 21 20% 20% 3% Sterling Sec (A).... 4 3% 3% 3% 3% 14% 6% Sterl Sec pf (1.20)... 17% 7% 7% 7% 48 30% Sterl Sec cv pf (8)... 1 33% 33 33 33% 47 15% Stewart-Warner (2). 5 17% 17 17 17% 113% 43% Stone A Webster (4). 16 46% 45 46 45% 47% 18% Studebaker Corp ($). 6 21% 21 21 21% 1% % Submarine Boat 1 % % y. y. 70 48% Sun Oil (fl) „ 3 4414 42% 4014 4314 9% 1% Superior Oil 2 1% 1% 1% 1* 29% 6 Superior Steel 6 7% 77 7 26% 15% Telautograph (T 1.40) 2 16% 16% 16% 17 17 8% Tennessee Corp (1).. 4 10% 8 9 9% 60% 84% Texas Corp (*) 43 35(4 34% 34V4 35 ,, 67% 47% Tex Gulf Sulph (4).. 20 60% 48% 49 49% 14% 6% Texas PC A 0i1...... 15% 6V* 5% 6% 145 95 Texas A Pacific (5).. 1 96 94 94 65 32% 10% Texas Pac Land Tr.„ 13 12% 11% 1144 12 36% 14% Thatcher Mfg (l.$0). 2 16% 16% 16% 16 32 22% The Fair (2.40) , 1 22% 22% 22% 22% 15% 6% Third Avenue 1 6 % 6% 6% 6% 46% 19% Third Natl Inv (a2). 1 20 20 20 19% 47% 27 Thompson (J R) (3). 1 27% 27% 27% 27% 18% 4% Thompson Starrett.. 2 5 5 6 6 49% 27% Thomp-Star pf (3%) 2 28% 28% 28% 29 17% 7% Tide Water As <soc) 10 7% 77 7% 89% 68 Tide Water As pf («) 1 68% 66% 66% 68 94% 78% Tide Wat OU (pf (5). 2 79 78% 78-i 78% 21% 8 Timken De* Ax (soc) S 9% 9 9 ou, 89% 41 Timken Roller (1)... 12 43% 42% 42% 13% 7% Tobacco Frod A t9sc. 1 11 n Tn% 25% 12% Transamerlca (1)... 867 12% 11% 12 13 28% 6% Transue AW (1).... 2 7% 7% 7% « 41% 26% Trico Prod (2% ).. .. 2 28% 28% 28% 28% 20% 7 Trl-ContCorp 82 7% 77 m 96% 89% Trl-Cont Corp pf ($). 1 94 gou 94 04 37% 20% Truscon Stl (g 1.20).. 2 22% 21% 22 21% 138 61 Und-EI I-Fischer (•). 7 61% 68% 58% B3i/. 19% 9% Union Bag A Paper!. 2 10 10 X 106% 64 Union Carbide <2.so) 85 57% 55% 66 66% 50 21% Union Oil. Calif (*2), 8 22% 21% 21% S 242% 173% union Pacific (10)... g 178 175 175% 111 38% 24 Un Tank Car <I.«0).. 2 25 24% 24% 26 99 24% Utd Aircraft 40 26% 25 It? I L 77% 51% Utd Aircraft pf(s).. 1 64% 53% 5$ 58% 34% Unitedßiscuit (2).... 1 35% 35% 35% 35* 84 [in Carbon (1)... 4 20% 19% 20% 8% 4 Utd Cigar Stores..... 1 4 4 * . ™ 62 15% Utd Corp (60c) 140 17% 16% 16% Ifiu. 68% 45% Utd Corp pf (8) 2 45% 45% 46% 19% 2% Utd Electric C0a1.... 6 3 2% 2* otx 105 54 Utd Fruit (4) g 69% 67% 67% 49% 26 Utd Gas Alm (1.20).. 37 27 26% 26% 26% 14% 4% Utd Stores (A)...... 8 6% 6% l? 32% X 7% n t si t £ re V >f (2%) ~ 2 3 <H 34 32% 7% USA For Secur 2 BT4 qa 101 83 USAForSecpf ($). 2 80 78 80 a? 103 22% US Freight (3)...... g w% 22 22 139% 66% U S Indue Alco (f7).. 669 68 ll fly •52 A o«w!S*».s & « A 3 a* u K BuSSESMBfo: 1 3 » * £ 63% 42 U S Smelt Ref pf *% 2 42 ll ll 23H 198% 138 USSteel (7).... .. 173 lif* ,oL -J* 48 161% 141 US Steel pf (7). 5 I 40? 39 19% Unlv Leaf Tob (3)7. 3 27% 21 97* 76 30 Unlv Pic let pf ($) .. 10s 34 ll 'll 20 Util Pwr&Lt At 2.18. »’ g H | 3 ‘ » 7% % Vadasco Sales Corp.. 2 1 tl tx 14 ?2 4 2 4 5 T 2 1? TT b1 34% 13 Va-Car Chem 6% pf. 613 l!% ,2 2V * 169 39% Vulcan Det (4)....., 60. « Jr « 67% 14 Wabash 7 Uy , 89% 42 Wabash pf (A) (5).. 8 431/. 411/ if,, 28 f 2 * Walworth CoTl)!w! 2 JR JR » SS SKrss&i!!; « 2 , $ £ A 27 6H Warner Quintan?. . . 1029. *ls 'i* «» 65% 27% Warren Bros (3) 3 viu. onw 43% 23% Warren Fdy AP* (3)1 24% 24* 22* o! »% 3 Webster Elsenlohr 1 3 24 24 * 69% 60% WessOASn pf (4).. 16« tl , 8 * 112% 102 West Penn El pf (7). 40s 104 103% in* 118% 113% West Penn Ppf (7).. 90s 115 115* 24% 4% Western Dairy <B).. L L L ll 36 10% Western Md. ...7... 2 12% 12 38 11% Western Md 2d pf .. 2 13 13 }»* Jl* 30% 9 Western Paclfio..... 2 9% L *L 12H 219% 128 Western Union (3).. g 139 19 2* .•* ,„ 9 62 31% Westlngh’se A B (3) . L 1 u ll 201% 91V* Westing EA M <s). . 160 Mu H* 33H 197V* 107% West EAM pf (6) 230 s 11P 104 92 West Penn El pf <«)*. 4o: J7 'll* 'll* 43 25% White Motors (2). ... 1 25% Saw mix 2 64% 35 Whßock MS (t 4%). 1 3gu ae£ ll? 2S * 13% 2% White SewlngMach. } 3 fu *1? 38v * 39% 4 White Sew Mach pf i a? 1? 2 * 21 8% Wilcox Oil A Gae ... \ gj R i* 444 f KKSSii***; 20 *£ ££ A S ‘K KSKSK,"!.- f € £ • £ .if 4 if 4 Rass&Sffir S 1!« si si Ik 2 SS i Sj :« ®2 YeilowTruck pf 200. 64 64 * 64 * ee ‘S ’k z‘S* ‘ »S ?>5 ” * ’ ’ f" ll,h R, '"“ « 24, 24, 24, 2H 10 so A t aJe * 0t Stocka on New Exchange 10.30 A.M 247.300 12:00 Noon 837 200 payments*based^n 'thVuttJt qu^rt.^fy*o r U h^f‘i l * eaih ' regular rate, b Payable’in •tS?v # *A , o.f t 85 k ' » P»t<f this , • Pr»ble in cash or stock f plus lnv* V P * 7 *£} e when eernsd. h Plus 2% in stock. J Plus 8% in «torir ln ir*D > i Clt .5 ,n *tock 1* in stock. nPlus Bi l n «toik t n Pin. P i'i ß rJ’r In «tock. m Plus , r Plus 14% in stock. *’ p plus 1100 in preferred stock, j — I maintain a cautious investment and! trading policy during the next few! days ” Otis & Co.—"We believe the technical position warrants the active trader try ing for a quick turn.” Smith, Graham & Rockwell—" Deve lopments up to the present time fail to furnish any ground for belief that the market has seen bottom." Hornblower <fc Weeks —“Since the market has penetrated Into new low ground, however small the margin, it is probable that the period necessary for It to regain Its equilibrium will be pro longed. Even if It Is approaching a turning point, the nervous fluctuations can be expected to continue, and spells of liquidation, particularly In the case of special stocks, would probably not have spent themselves before Monday, when the income tax Installments be come due.” POTATO MARKET. CHICAGO, December 12 tfP) GJnited States Department of Agriculture).— Potatoes—Receipts, 69 cars; on track, 159 cars; total United States shipments, 543 cars. Dull; trading quite slow. Sacked, per hundredweight: Idaho, Rus- Mts. No. 1, 1.75a1.85; No. 2. 1.30a 1.40; Colorado. McClures, branded. 1.80. M | RECEIPTS REPORTED ; Dealers Say Weather Is Not Fa vorable to Holding of Large Supplies. Largely Increased receipts of dressed turkeys in the local wholesale market tne past two days were not welcomed by dealers. It Is entirely too soon for nearby raisers to begin dressing their turkeys, according to dealers, mention ing the weather conditions as being anything but favorable for the holding of such supplies until Christmas buying is in full swing. Chicken receipts also have largely increased, most of them coming alive, and receipts of both turkeys and chick ens have been so heavy that much lower prices were reported this morning. Dealers continue to believe supplies of turkeys for the Christmas holiday trade will be heavy enough to fill demands, and prices are not expected to be high. TREASURY CERTIFICATES. (Reported by J * W Sellgman ti Co.) 1 Rate—Maturity Bid. Ofler. ?I*» June \\- 1931 100 18-32 100 21-32 fg; IS. illiiSS i.*:g ISS US IIS ££ ii 88:::::: US £ll ISS ItM BONDS IRREGULAR IN SMALLMARKET Domestic List Improves, but Foreign Credits Are Soft. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK. December 12.—Domes tic bonds Improved all around today, though foreign credits continued to show softness In the absence of any bullish news developments and a con tinued indifference of institutions and individuals badly bitten in the recent sweeping declines in these securities. The feature of the domestic list was the strength of junior railroad secur ities. The weakness of these bonds, many of which have been selling on a 10 to 15 per cent yield basis, has been one of the most depressing factors on market sentiment. Now the Street has it that a bankers’ pool has been formed with resources of $75,000,000 to support this section of the market. High-grade issues were firm to frac tionally higher. Industrials were quiet. Money rates were unchanged. Volume was well below Thursday's $12,500,000 total. Starting from the lowest levels since 1925, the market showed a cheerier tone from the opening. Erie 5s of 1975 opened a point higher and 4 points above their low of Thursday. St. Paul 5s gained 1% points. Missouri-Pacific 4s were also up 1 % and there were sub stantial advances in Chicago Si Eastern Illinois ss, Chicago Great Western 4s, Frisco 4Vis, Seaboard Airline 6s and Western Maryland 4s. Despite the Interstate Commerce Commission decision bringing nearer the prospective transcontinental road under the Van Swerisgen system, by conditional approval of the purchase of the Denver Si Salt Lake Railway by the Denver & Rio Grande Western, some of the securities of the Van Swer lngen group were still under pressure. Van Sweringen 6s on the curb exchange were off 2 points to a new low since issue. Nickel Plate 4%s were weaker at the start, though they made a sub sequent recovery. Denver Si Rio Grande Western 5s were steady. High-grade rails like Canadian Pa cific 4s, Pennsylvania 4 I / 2 s, Frisco A 4s, Union Pacific 4s, Northern Pacific 4s, Great Northern 7s and Chesapeake Cor poration 5s all were fractionally higher. Public utility and industrical investment type bonds were also firm, examples being Standard Oil of New York 4 1 / 2 *. Standard Oil of New Jersey ss, Du quesne Light 4V 2 g and Utah Power Sc Light ss. Convertibles had a mixed trend, though both American Telephone and International Telephone converti ble 4 'is were Sharply higher. International Telephone 5s were forced up from their low following publication of the company’s nine months earnings, showing fixed charges covered about 3% times. American & Foreign Power 5s were firm. This bond, issued at 90, is new selling at a 13-point discount and another issue. Electric Power Si Light 5s of 2030, traded on the Curb and also put out this year, is selling at over a 14-point discount. German Government 5y 2 s held steady while German Central Bank 6s, Cologne 6‘/ 2 s and German Reparations 7s de clined fractionally. United Steel Works 6'as were slightly better and so were Berlin 6 1 2 s. Karstadt 6s were off near ly 2 points. French bonds held firm despite the continued stalemate in French politics. Some high-grade dollar Issues such as Denmark 4*/ 2 s and Tokyo s>/ 2 s had small declines. South Ameri cans were again weak, with Bolivia again threatened by revolution. New issues were down to a total of slightly over $1,000,000 of municipals. ~' - • Washington Stock Exchange SALES. Washington Gas 6s "B”—$100 at 104 >/ 4 . American Security Sc Trust Co.—lo at 355, 10 at 355, 5 at 355, 5 at 355. Mergenthaler Linotype—lo at 87',4. AFTER CALL. Peoples Drug Stores pfd.—l at 99. Columbia Country Qlub 5 '/ 2 s—slo,ooo at 100. Capital Traction Co.—2 at 46%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. A Telga. 4Hi ’33... ?ol'% *?**?.' Amer. Tel. <fc Telga. 4%s '38... 140 Am. Tel. & Tel. ctl. tr. 5s 105% ..... Anacostla & Pot. R. R. Ss 81 $3 Ana. & Pot. guar. ss. 95 98 CAP. Tel. ol Va. 5s 102 Capital Traction R. R. 5s 84%' 85% City A Suburban 5s 80 82 Georgetown Gas Ist 5s 102% 104% Potomac Elec. cons. 67, 102% 103% Potomac Elec. 6s 1953 107 109 Wash., Alex. A Mt. Vernon ctf. 2 Wash., Balto. A Annap 5s 25 35 I Washington Gas 4%s 98% 99'/. Washington Gas 5.' ; 102% 104 Wash. Gas 6s, series A 102 103 Wash. Gas 6s, series B 105 Wash. Rwy. Sc Elec. 4s 87% 88% MISCELLANEOUS. Barber A Ross, Inc., 6%s 85 87 Chevy Chase Club 5%s 100 Columbia County Club s’/as 100 ioi% D. C. Paper Mfg. 6s 50 65 W. M. Cold Storage 5s 95 .... Wash. Cons. Title 6s 100 STOCKS. PUBLIC UTILITY. Amer. Tel. A Tel. (9) 182% Capital Traction Co. (4) 44% 46 Wash. Gas Light Co. (181.... 118 120 N. A W. Stenmooat (121 200 250 Pot.‘Elec. Power 6 ',<• pld 110% 112 Pot. Elec. Power 5%% pfd..., 106’% 108 Wash. Ry. A El. com. (71 450 Wash. Ry. & El. pfd. (51 98 98% NATIONAL BANK. Capital (14) 230 250 Columbia (12) 400 Commercial (stamped) (10).... 223 230 District (8) 208 230 Fed.-Am. N. Bk. A Tr. Co. (10) 53 63 Liberty <7J) 195 210 Lincoln (12) 400 440 Metropolitan (14) 305 340 Riggs (15s) 430 486 Second (9e) 175 210 Washington (13) 230 250 TRUST COMPANY. Amer. Security A Trust Co. (15) 355 364 Continental Trust (6) 120 140 National Savings A Trust (12J). 425 495 Prince Georges Bank A Trust.. 28 30 Union Trust (81) 320 240 Wash. Loan A Trust (14) 442 465 SAVINGS BANK. Bank of Bethesda <6§) 58 65 Commerce A Savings (10) 325 . .. East Washington (12) 25 35 Potomac (10) 65 75 Security Bav. A Com. Bk. (17). 471 500 Seventh Street (12) 305 United States (30) 530 630 Washington Mechanics’ (20).... 50 60 FIRE INSURANCE. American (12) 325 Corcoran (10) 150 Firemen's (8) 30 34 National Union (15) 20 26 TITLE INSURANCE. Columbia (6h) 8% 11 Real Estate <6h) 155 170 Title A Inv. Co. Md. com 20 30 MISCELLANEOUS. Barber A Ross. Inc., com 13 15% Col. Medical Bldg. Corp 100 125 Col. Sand A Gravel pfd. (7);... 80 86 D. C Paper Mfg pfd 10 Dist. Natl. Sec. pfd. (7) 65 75 Emer. Bromo-Sel?;. ’‘A” <2) »30 33 Federal Storage pfd. (8) 110 130 Fed.-Am. Co. com. (1.20 f) 29% 31 Fed.-Am. Co. pfd. (6) 98% 102 Lanston Monotype <8) 100 104 Merch. Trf. A Stg. com. (10).. 107 112 Mer. Tr. A Btge. pfd. (7) 95 100 Mergenthaler Linotype (6).... •87% 89 Natl. Mtge. A Inv. pfd 5 5% Peoples Drug Stores pfd (6%).. *97% 100 Real Est M. A G. pld. (8) 6% 7 Security Storage (4e) 109 112 Ter. Ref. A Wh. Corp. (3) 44 50 The Carpel Corp. (1.59) 24 27% W. Mech. Mtge. com. (6) 8% Wash. Med Bldg. Corp. (7) . . 90 Woodward A Lothrop pfd. (7). 108 112 •Ex dividend. 52% extra, b Books closed. y 2%% extra. n2sc extra. g 3% extra. f3oc extra. h 4% extra. 11% extra. 15% extra. •1%% extra. PARIS BOURSE PRICES. PARIS, December 12 (JP). —Prices j opened strong on the Bourse today. Later there was a reaction and the closing tone was heavy. Three per cent rentes, 87 francs 40 centimes; 5 per cent loan, 101 francs 5 centimes. Exchange on London, 123 francs 61 centimes. The dollar was quoted at 25 francs 46 centimes. ON NEW YORK :bonds STOCK EXCHANGE | Received by Private Wire Direct to The Star OBce UNITED STATES. (Seise ere In <LSOO.) Salsa High. Low. Gloee. Lib 3He 131 101 29 101 25 10128 Lib bet 4%e. 27 102 29 102 26 102 29 Lib 4th 4%5. 284 108 19 108 16 103 17 ’ U S 3%s *48.. 26 101 28 101 28 101 28 ’ U S 3%s *47.. 24 10218 10218 102 18 ÜB3\l 100 106 7 106 4 106 7 V 8 4%s ’52.. 66 112 9 112 112 9 FOREIGN. Sales High. Low. Close. Argentine Ea *45... 6 82% 82% 82% Argentine 6%s '*3. 2 85% 86% 86% Argentine May ’6l. IS 91%* 90% 91% Argentine 6a Ju’69 18 91% 90% 90% Argentine >s Oo *59 1 91 91 91 Argentine 6a A ’ST. 9 91% 90% 90% ’ Argentine Ee B'6B. 17 94 91% 91% ' Australia 4%e *E$. 11 69% 69 69% Australia 6s ’SB... 63 73% 72% 72% : Australia 6s ’67... 10 74 73 73 [ Austria Is *4* 19 105% 105 105% ' Bk of Chile «%s’«l 1 85 85 85 Batav Pet 4%5’42. 14 93% 98 93 . Belgium $5’65.... 3 102 101% 101% Belgium 6%5’49.. 2 107% 107% 107% ’ Belgium 75’66.... 19 lit 110% 111 ' Belgium 75’65.... 80 108% 108 108 Belgium Bs'4l 3 108 108 108 Bolivar 75'63 24 45 42 42 I Bolivia 7sctfs’69..: 62 40% 39 39 Bolivia 8a *46 2 61% 61% 61% ' Bordeaux <a ’34..., 7 105 104% 105 Brazil «%s *26.... 12 60% 60% 60% Brazil «%a’2T 8 62% 61 61 Brasil Ss ’4l 3 78 77 77 | Canada 65’81...... 2 100% 100% 100% Canada 55’52 38 106 105% 106 , Chile <s *«0 8 77 75% 77 • 2 77 75M * 7R * Chile 7a 42 3 92% 92 92% Colombia SsJan’B 13 66% 65 65 Con Pow Japan 7a. 15 98% 98% 98% I Copenhag 4%a’88. 6 93% 93% 935. Copenhag 65’62..., ll 98% 98% 98% Cuba 6%s 46 7 76 74% 75 S;***!*® *• *®l * 110 109% 109% [ Czecho9s 62 1 109% 109% 109% Dan Mun Is A *46.. 3 108 107% 108 , Denmark 4%a'<2.. 81 94 93% 93% . Denmark 5%5'55.. 23 101 100% 101 [ Denmark 6s ’42... 80 105 105 105 , Dutch East I6s ’47 2 102% 102V* 102% ' Finland 5%s *68... 20 78% 77% 77% ’ Finland 7s'6o 34 95% 91 95% Fram ID7 % s *42. 10 t 05% 105 105 trench 75’49 33 120% 120% 120% . French Gvt 7%a’41 71 125% 125% 125% Gelsenkirchen 65’34 6 89 88% 88% f German 6%5’55... 93 71% 70 70 • German Bank «e’33 17 82 81 81% German 6 %e'50... 9 74% 74% 74% 1 German 7s rep ’4s. 28 102% 102% 102% Hani k «V'B2 S I 84H 85V * Haiti $s *62 7 951* 96 95 , Hungary 7%a '44.. 2 99% 99% 99% Italy 7s *6l 300 92% 88% 89% • Italy Pub Sv 7a ’62. 66 83% 80 80 Japanese 4a *31.... 1 97% 97% 97% Japanese 6%a'65. 201 92% 92% 92% ' Jueoaf 5 ’ 5 .L’ *1 1031/4 103,/ * 103 * Jugosl Bank ?• (7e 6 79 77% 77% ; Karstadt 6s *43.... 23 62% 61 61 ■ Kreug A Toll 6s ’69 48 92 91% 9t% ' MarseUlVJ 4 ''ir” 1 104% . 104% Marseille 6s 24... i 104% 104% 104% Mex 4aaaatd 1904. l g% 8% rix Mex 4sasstd 1910. 19% |,x Mexico 6s A’45.... 62 12 12 1* Milan 6%,'62 14 7 § 71% 7?% Montevideo 7a’62. 4 86% 86 86 ! Naw So Wales 6s '57 6 68 68 68 New So Wales 6s’sß 2 68 66% 66% Nord 6%s 60 17 106% ioe 106% Norway 5s *63 j 5 99% 99% 99^ I Norway 6%s ’65... 1102 101% 102 i Norway 6s '43 2 105 105 105 Norway 6s 44 8 105% 105 105 Norway 6s 52 8 103 102 103 Orient dev 5%s *SB 33 88% 88% 88% Orient dev 6s ’63.. t> li ; Parls-Ly M6s ’63.. 68 104% 104% 104% Paris-Ly M 75’63. 97 107% 107 107% Peri 8 6?^0 HS ' e *'' * 102V4 Poland 6s'4o 3 63 60 * 60 , Poland 7a'47 67 74. H7 o S® Poland 6s *60.....: 6 82 B*l Prague 7 %a’62.... 1 104% 104% 104% Queenland 65’47.. 2 84 83 83 Queenland 7s '41.. 8 92 91 oi Rhine West 6a '63. 1 80 80 so Rhine West 6s *53. 21 80 78 78 Rhine West 7a *60.. 3 9m 9114 q lu Rio de Jan 6H*'63. 2 62 61 l H RGr De Sul 6s ’6B. 7 46 45 as RGr De SulSs ’46.. 8 81 «o% 81 Rome 6%e ’62 77 73 71 RoyD4,’4sww... 9 88% 88% 88% Sa® Pau Ta" 40 rets. 12 T 6 74% 74% Saxon 7a'45 8 ? 4 Seine 7a'42 1 107% 107% 1071/ Serhs-Cr 81 7a '62.. 85 80% 78% Serbs-Cr-Sl 8s ’62. 40 #2% Shlnyetau 6Ha’62. 4 80 go ll Solssons 6s '36.... 2 104 104 inx Swedan 6Ha’64... 2 104% 104% 104% Swiss 6%s '46 16 105% loi% Jo{ H Swiss Confed 8s '4O 40 105% 105% 105% Toho El Pow 6s *32 7 96% »fiv, o«iv Toho El Pow 7a *56. 12 94 99 ll* Toklo6%s 84 88% 88U rbu. Utd King 6Ha *37.. 81 104% 104% 104% Uruguiy 6s '6O. 13 7814 78 7r vSSSA?*- j 101,4101,4 io i« Yokohama 65’61.. 81 95% 96% 95% MISCELLANEOUS. AbitlbiP A P6s '63 23' 71 70 70<u Adams Exp 45’46.. 6 82 82 82 Allegheny 65'44...216 72 70% 70v. Alleghany 65'49... 10 72 71% 79 Allla-Chalm 6s '37. 1 100% 100% 100% a ?o 7 ’*} ’ 6 103V4 103Vk 103% Am Beet Sug 6s '35 2 40 40 40 Am Chain 65’33... 3 99% 99% ciqic Am F P 6%s 2030.. 49 77 £ Am 1G Ch 6%s *49. 35 97 96 97 Am Int Cor 6%s *49 5 88% 87% 88% Am Metal 6H«’34. 6 92 92 92 Am N Gas 6H s ’42. 6 39 38 3Q Am S&R Ist 65’47. 14 101% 101 101 ** * 37 ' 10 104% 103% 104% Am T&T cv 4%5’39 23 120 117% 117 u Am TAT 6S » 6 |?‘"«" 248 10314 102% 103 X £fm? tr6s 46 ’ 2 1059<1 i°s% 105% f 8 * * ’ 3 ®. 103% 103 103% Am TAT 6He’43.. 30 107 106% 107 Am W Wits 5s ’34.. 8 101% 101% }oi% AmW at Wks 6s '75. 8 101 100% 100% Arm ACo4 %s ’39 6 86% 85 86 Arm Del 6%s '43.. 4 78% 78 781/ At Gulf 59.'6 6 61% 61% 6^% At Ref deb 65’37. .11 101 lot 101 o® E a 6,B ’ 4 * * 4 105v * I*'4% 104% Bell Tel p » 6« e’6° 1 108% 108% 108% Beth SPp m 6s'3e. s 6 102% 102 10214 Beth St rs 6a 42... 1 ioi% 1014 10m Bush T Bldg 6a '6O. 1 102 102 102 Cert-td deb 6Ha '4B 4 31 31 *7 Chile Cop db 6a'47. 8 89 88 88 Colon OH 6s ’38.... 3 60% 60 to% Col G&E 6a Alay '62 8 99% 99 99% Com Invest 5%a 49 1 94% 94% 94% Com Invest 6a'4B 3 105 105 106 Con GN X 6%s *45. 17 106% 106 106 Det Ed rs «sß'4o. 4 106% 106 106% Dodge Bros cl 6s’4o 19 83% 82% 82% Duquesne 4%a '67. 7 102% 101% 101% Fisk Rub 8a '41.... 1 33% 33% 33% Gen Cable 6%a'47. 2 94 94 94 Gen Motors «a'37.. 7 102% 102% 102% Gen PSv 6%s '29.. 80 95 95 95 Ge n StCas6%a'49 1 91% 91% 91% Gen Thea Ea 6s'4o 20 64% 60 61% •eodrlch cv 6s '45.. 34 68% 68 68% Goodrich 6%s 7 102 101% 101% Goody'r Rub 65'67. 18 86% 86 86 Hoe &Co 6 %a ‘34. . 1 68 68 68 Humble OH 6a '37.. 19 100% 100% 100% Hum OAR 6%s '62. 10 102% 102% 102% lllßTlatpf 6aA. 4 106% 106 106 Inland Steel 4%5'7» 7 93% 93% 93% In: Cement 6a 48. 2 95% 95 95% Int Hydro El 6s *44 3 86 85 86 Int Match 6a 47... 17 95% 95 95 Int Pap 6s A 47.... 5 73 72% 73 Int Pap <s 66 6 64 62 64 Int T&T 4 %a '62.. 4 73% 73% 73% IntT&Tcv4%a 18 6 84% 84% 84% Int T&T 6s '66 6 77 76% 77 Kan Gas&E 4%a'B( 4 91% 91% 91% Kend 6%a'48 ww.. 1 50 50 60 Lackaw St 6a 60.. 1 101 101 101 Laclede 6%a D '6O. 11 102% 102 102% Lautaro Nit 6a'64. 82 50 47 47 Llg & Myera 6s '6l. 6 105% 105% 105% Loew's 6a war’4l.. 6 105 106 105 war.. 28 97 06% 96% Lorlllard6a’6l.... 8 80 79 80 Lorlllard 7a*44.... 2 104% 104% 104% Lou G4kEl 6a '61.. 4 101% 101% 101% McCormack 6a'34. 2 101% 101% 101% McKea&Ro 6%5’50 22 81 80 80% Man S Ist 7%s 42. 4 26 26 26 Midvale Steel 65’36 10 101% 100% 101% Mom Pdb 6a A '62. 1 97 97 97 M- '• Co lat 4%a. 1 80% 80% 80% 5 1 iry 6%a 48 . 3P 98 96% 97% N 1 6 s B '4 4 5 105% 105% 105% D 1 lat 6%5‘41 2 114 114 114 I' .HAP 4a'49.. $7 87% 97% 97% Is LHAPia'4B.. 1 104% 104% 104% M _ _ . ■•!«* Hlth Low. CloM. NTToI 4%a'59... l 101% 101% 101% N T Tel '«l g 106* 106 106 Nor Am Ed 6a *6?.. 12 101 100* 100* Nor Am Ed 6%a *63 8 100 98* 99* Nor OTiLlj'O, 9 103* 108 103* Nor 8t Pow 6a A'4l 1 101* 101* 101* Nor St Pow fa B *4l 1 106* 106* 106* Pao O*El Bi *41.. g 102* 102 102 Pan-Am Pat 6s-14. 2 101* 101* 101* Paramount 6a'47.. 9 91* 91 91 Paths Exch 7a ’67.. 2 51* 61 51 Phlla Co 6a *67.... 89 99* 99 99* Phlla A Head 6a *49 8 73 71* 73 Phil Pet 6*a •»#... 21 85 84 84 Pierce Oil deb 8a... 2 103 108 103 Plllsb FM 6a '43... 2 104* 104* 104* Porß Tamßa**.. 4 68 68 68 PosTal ACBa’sl.. 1 64 64 64 Pub St O 4*a’7o.. 10 101* 100* 100* Ram Arms 6s A *B7 10 96* 96* 96* Rem R 4 6*s A'47 11 90 89* 89* Shall Un 011 5a '47. 14 72* 72* 72* Slncl O6*a B ’36., 12 9R 94* 94* Slncl O7act A *37. 25 99 98* 98* Slncl Cr 0 6*B 38. 21 100* 100 100 Sinclair PL Sa *43. 30 100 99* 99* Skelly Oil 6%e 10. 5 81 79* 79* Solvay Am 6a '42.. 8 98 97* 97* SW Bell T6a A '64. 1 106* 105 105 St Oil NJ 6s '46.... IS 103* 103 103 St Oil N Y «*a *6l. 6 98* 98* 98* Tann Copper 6a *4l. 15 96* 96* 96* Tann El P6a A '47. 6 106 105* 106 Tex Coro ct 6a *44 86 98 96* 97* TranrfOil 6*a ’BB. 2 110 109* 109* Utd Drug ct 6a'63. 2 94* 94 94* US Rublat 6a'47.. 4 71* 70* 70* Utah PA L6a '44.. 2 97* 97* 97* Util Pwr 5a'69 ww. 87 69 68 68 Util Pow 6*5'47.. 16 74* 74 74* Vert Sue Ist 7a '42. 3 40* 40 40* Walworth 6s A’46. 7 71 70 70 Warn Br Pic 6a'39. 47 65* 63 68 Warn Quin 6a‘39.. 9 54 68 53 West El deb 6a‘44. 6 104 103* 104 West Un Tel 6a'6l. 12 102 100 101 West Un T 6*a'36 6 107* 107* 107* Wic Spen Sct 75'35 2 10 10 10 Wll ACo Ist 6a 41. 3 97 96* 96* Tou St AT 6s '78.. 8 100 99* 99* RAILROAD. Atchison g«n 4s '96 62 96 95* 96 Atch’on cv 4*s '4l 29 112 110* 110* Atch Aria 4*s 63.. 3 97* 97* 97* At A Danv 4s '48... 10 45* 45 45 At CL Ist 4s ’52... 1 93* 93* 93* At CL col 4a ’62... 6 89* 89* 89* B&O 4s *4B 9 93* 92* 93 P. & Oct 4*s *BB.. 65 99* 99 99 BAO4*s’6o 88 91* 89 91* BAOref 6a’95.... 81 98 96* 98 BA O lat 6a *4B. ... 2 104* 104* 104* BAO 6a D 2000.... 5 99* 98 98 BAO 6a *95 39 107* 107* 107* BA O PAWV 4s '4l 28 93 92* 93 BAO Swn dy 5a *6O 1 101% 101* 101* Bos AMe 6s 1956.. 1 93* 93* 93* Bos AMa 6s *67.... 4 93 93 93 Bd A 7th At 6a *4B. 2 6* 6* 6* Bklyn EleT 6 %a... 17 74* 73* 73* Bklyn Man 6s '68.. 81 97 95 96 Brooklyn Un 55'45. 2 105 105 105 BR A Pitt 4*a '67. 2 82 82 82 Bush Ter con 5a'55 2 98* 97* 97* Can Nat 4*a *54... 6 99* 98* 99* Can Nat 4*5'67... 60 98* 98* 98* Can Nat 4*a'68... 62 99 98* 98* ir an Nat 4*a'70... 12 104* 104* 104* Can Natl 4*a*66.. 60 101* 101 101* Can Nat 5s July'69 7 104* 104* 104* Can Nat 5a °ct'69. 48 104* 104* 104* Can Nor 6*adb'46 4 116* 116* 116* Can Nor 7a deb‘4o. 2 111* 111* m* Can Pacific db 4a.. 22 87* 87* 87* Can Pac 4*a'46... 11 98* 98 98 Can Pacific 4*a’Bo 3 96* 96 96* Can Pac 6a ctfa'44. 9 101* 100* 101* Can Pacific 6a'64.. 8 101* 101* 101* Cent Paclfio 4s ’49. 6 92* 92* 92* Cent Pacific 6. 60. 7 100* 100 100 CnRyNJ gn sa’l7 2 110 110 110 Ches Corps.'47... 8 94* 94 94* 2 100* 100* 100* Ch & O ▲ *93.. 26 97H 97 97*i ChAO«*iß «.. 18 97 g 6 * 96 £ C BAQ 111 dv 4s *49. 6 93* 93* 93* Chi GhTu* “! i*’U 27 31H 3044 80H ChlQrt *est4s*s9 11 64 63 63 Cn MASt P4a *9. 19 79* 73 79^ ChMASTP4*,C. 10 90* 89 89 Ph 72 69 6644 69 Ch MASt P adj 6a 78 31* 30* 30* ChANW gnl*a '67 6 72* 72* 72* S!A£? V ** alto *' 6 87* 87* 87* Chi NW 4*aC 2017 8 87 87 87 ChANW con 4*a. 45 82 80 82 Ch ANWrf 6a 2037 8 97* 97* 97* 2 106* 106 105 Ch RIAP rs 4s '34 15 98 97* 97* Ph 5I I V 4H *'* o '* 9 83 83 83 pi? p P 444> A *' 2 8444 84* 84* ph nl 27 10244 10144 102 * p*k U i£ 63 • 1 112* 112* 112* CAW Ind cv 4s '63 2 84 84 84 CAW CCcASt L 4*a (■) 6 96* 96* 96* C C CAS L6s D '63 20 101 100* 100* CU Ter 4*B 2020.. 15 100* 100* 1 0 0* C'evAPitts 4* s ’77 1 100* 100* 100* Clev Term 4*s'77. 7 100 99* 99* Clev Term 6s '73... 6 105* 105* 105* Colo A Sou 4*s'3s 16 100* 100 100 Con Ry 4*s at'sl,. 2 99 99 99 Cuba HR 65'63.... 5 65 65 65 Cuba RR 6s ctf'36. 2 62* 62* 62* Cuba Nor 6*s 42.. 29 40* 40 40 Del Alludrf 4s'4l 3 91* 91* 91* DARGr *n 4a '36. 20 94* 94* 94* DenAR OWii '66. 21 70 el* 68* E* ®* w « 6a’76 3 70 69* 69* Det Utd 4 *a’32... 8 98 97* 97* Erla lat con 4a ’96. 3 80* 80* 80* Erie con 4a A’63... 5 65 65 65 Erie Gen 4a 1 6 8* 68* 68* Erie cv 65'67 45 73* 71* 73 Erie 6s 1975 62 72* 69 72* Erie A Jer 6s '55... 10 108 108 108 Fond JAO 4*s '52. 2 28 28 28 GrTrsf db6s'36.. 11 105 101 103 Gr Trunk 1a'40... 10 110 109* 109* Gr Nor 4*s'76 (D) 20 95 94* 95 Gr Nor 4*s'77 (E) 2 94* 94 94U Gr Nor gen 75'36.. 37 110* 110 110 Hock Val 4*5'99.. 2 97 97 97 Hud A M ad.i 5s '67. 14 73 70* 73 Hud AM rs is'67.. 9 98* 97 93 Illinois Cent 4s'El. 3 96 96 96 111 Cent 43 52 4 87 86* 86% 111 Cent 4s 63.. . 6 84* 84* 84* 111 Cent ref 45'65.. 4 84* 84* 84* 111 Cent 4*s C 6. .. 7 93* 93* 93* 111 CCStLAN 4*a.. 4 90 87 90 111 CCStL,AN 6s A. 2 97 96* 96* fnt Rap Tr 65’66.. 9 66* 66 66 Int Rap Tr sta '66.. 42 66* 65* 66 int Rap Tr 6a '32.. 7 60 65 60 Int AGr Nor 6s '62. 7 79 78 78 Int AGNad 6s ’52. 1 52* 62* 52* IntßysC A6s *72.. 8 71 71 71 Kan CFtS&M 45’34 1 96% 96'4 96% Kan City Sou Sa 'SO 1 95*. 95% 96% Kan City Ter 4s’6o IS 92% 92 92 Lake Shore 3% a *97 6 80 80 80 Lake Snore 4s '31.. S 3 100% 100% 100% Leh Val cv 4a 2008. 11 83'/* 80% 83V* Leh Vcv4 %s 2003. 4 96% 96% 96% L& N uni 45'40.. .. 6 97% 97% 97% L&N 4% a 2003.., 6 96% 96V* 96% L& N Ist rs 6%a.. 2 105 105 105 Manb Ry lat 4a'9o. 26 61% 51% 61% Mich Cent 4%5'79. 1 98 98 98 Mil ERy & L 6s*4l 11 100% 99% 99% M StP&SSM con 4s 1 86% 86% 86% MStP&SSM 6%s’7S 6 93 93 93 &IK&T4SB 62.. 17 86 86 86 MK&Tprln 6a A. 2 97% 97% 97% Mo Pac Ren 4a‘76.. 37 66% 65% 66% Mo Pacific 6s A '66. 7 92 91% 92 Mo Pacific 6s K'77. 10 91% 90% 90% Mo Pacific 6s O *7B. 5 91 90% 90% Mo Pacific 6s H 'SO 24 90 89% 90 Mo Pao 6%s cv '49. 22 89 88 88% NChASt L4a '7B. 20 90 89% 90 Natßy M4%5'67. 11 6 4% 4% N 4 T 4 M6s B '64. 4 88% 88% 88% NOT&M6%s'64. 9 97 97% 97 N Y Cgn 3%a '97.. 15 81% 81% 81% N y Cent fib 4a '34. 8 99% 99% 99% N Y Cent 4%a 2013 13 100 100 100 NYC re im 6s 2013. 20 104% 104 104 N 2 Cent db 6s '36. 1 106% 106% 106% I NYCLScIS%s'93 2 78% 78% 78% NY C&StL 4%a '7S 136 83 80% 83 NY C&StLS%aA 25 100 99% 100 N7C4St Lla ‘32 14 100 99% 100 I NY NH4H 4%5’(7 10 86 86 86 ‘ NT NH&Hcvdb la 6 110 110 110 NY O&YV let 4s '92 2 39 39 39 NY YV&B 4%a '46.. 4 82 81 81 Norf South 6 a ‘41.. 6 35% 35% 35% , Nor Pacific 3s 2047 4 65% 65 65% Nor Pacific 4a'97.. 15 91 90 91 . NorPacr 14a%047. 21 110% 110 110 Ore*-Wash 4a'41.. 9 91 91 91 Penn Ren 4%a*«».. 37 100 99% 99% ' Penn 4%a '7O 10 93 92 92% 1 Penn4%s*3 7 97% 97% 97% 1 Penna 6a'44 .... 7 101% 101% 101% 1 Penn Ren 6s '44.... 2 IQ6 105% 106 , Pena 6%s 'll 33 lfttt, 107% 108% 1 Fere M lat 6a‘6«.. 21 102 102 102 1 Philippine RR 45.. 1 22% 22% 22% PCCAStLSsA.. 16 106% 106% 106% \ K I FINANCIAL. INCREASE IN FARM : PRICES IS LIKELY 4 ! k | Many Vegetables Are Now i Selling Higher Than in k Mid-November. — 1 < , Farmers who held part of their prod k uoe for the Christmas market may aver* age somewhat higher prices, says tht United States Department of Agricul -4 ture. Bureau of Agricultural Economics. >■ market news service. Roast meats are 4 likely to cost about the same, since live i, stock prices have not changed much, 1, although cattle and lambs sell a little , higher now. Chickens are about the same in price as before the Thanks , giving market and fowls are a little i lower. Butter and eggs have gone down t also because of Increasing supplies and competition with cold storage holdings. Fruit prices are nearly unchanged, but r i many vegetables are selling higher than ( In mid-November. Orange* Compete With Apples. k People who like oranges about as well . h as apples will be able to find enough of 1 ‘ each kind, also plenty of grapefruit. It • looks like a big season coming for the ■ yellow fruits. Orange shipments the first two months of the season were 50 ‘ Per cent larger than In 1929. There ' were three times as many tangerines on the market and grape receipts have been 10 per cent larger this season. These fruits run somewhat to small sizes, as usually happens In years of heavy production. Quite likely there b will be a carload of oranges or grape fruit shipped for every car of apples « this season. These fruits are lower in i price this season. During two days early In the month about 1.000 carloads of oranges left Florida shipping points. Holdings at Potomac Yards, a diversion 1 point near Washington, were also very • heavy. During the first week of De cember 470 cars of Florida oranges sold . for an average of S2BO on the Northern V • auction markets, compared with $305 two years ago. which was also a season of heavy production. Grapefruit sold at i $275, compered with $325 two yean ago. There Is some room for argument ra -1 garding the extent of competition be tween apples and the citrus fruit, but ■ apple growers are disposed to expect some slackening of demand when there , are plenty of low-priced oranges on the i market. Apples are a medium crop and the price tendency seems to be slightly i upward, the demand having been » helped a little perhaps by the selling activities of the "unemployed” street peddlers, and the Juice factories will dispose of many of the oranges, but the 1 market supply is likely to continue 11b . eral. ' The strength of the Eastern apple , market consists In the lighter produc tion of Eastern fruit. Total shipments j i pf apples have been a little heavier than , last season, but Eastern apples have de i creased nearly one-third, while the ■ Northwest has Increased Its shipments , In about the same proportion. Eastern j „ apples are good this season, sweet and well flavored, but perhaps a little below , the usual average size on account of ’ i dry weather. Virginia and West Vir , glnla are still shipping about 200 cars i weekly and New York about twice that number. Other apple sections are mov ing comparatively small quantities. Ex- I, port demand Is falling off somewhat, , but prices of apple* packed for export are holding up well In Northeastern l shipping sections at $4.50a54.75 per ■ barrel for No. 1 Ben Davis and $4.75a $5 for Baldwins, with Greenings mostly $4.75 at country shipping points. Ship . ments from New York are about double those of last season. Bushel pecks of Baldwins from cold storage range $1.50a , sl-55 toward the middle of December and common storage fruit $1.40. Shlp • ments are being made from about 20 V ■ States at the dally rate of a little more than 300 cam. Most of the city mar kets report supply moderate and de ' mand slow to fairly active. Prices of Eastern Greenings ranged $1.25a51.50 ' per bushel in Eastern cities; Kings, $1a51.65; Wlnesaps, $1.75a52.00; Bald -1 wins, $1.25a51.60; Sta ym ans and Jona -1 thans, $1.25a51.75. I Potatoes Hold Advance. 1 The potato markets of the East have k kept the price advance reached early in 1 the month, while Midwestern potatoes ' sagged back under the pressure of 11b ' eral supplies from the Rocky Mountain 1 regions. Eastern markets quoted Maine, 1 New York and Pennsylvania stock about 25 cents per 100 pounds higher than the lowest point of last month. Maine Green Mountains sell In consuming cen- / ts rs at sl.Boas2 per 100 pounds. Penn sylvania Round White varieties bring $1.75 in Baltimore. Many carloads of New York potatoes have gone to South ern markets this season. They are quoted at $2a52.45 In that part of the country. v Unsettled market conditions prevailed in Northern Maine the second week of December and prices dropped back about 5 cents. Similar conditions prevailed in Western New York, with slow trading and prices slightly lower. Potato ship ments from all sources are lighter this week compared with last week and with a year ago, partly because of weather, conditions and because some growers not selling freely at prevailing prices. With the crop about the same this year they argue that the price ought not to be about 25 per cent lower. Moderate supplies of sweet potatoes are reported at nearly all the Eastern markets. Demand is slow to moderate Tennessee Nancy Halls sell at $1.25a , $1.50 per bushel. Virginia yellow stock brings $3.25a53.50 per barrel In Balti- Carolina sweets sell at $2.50a53 at Washington and at $1.15a l. per bushel in Baltimore and Pitts burgh. A few lots from South Carolina J l ' Boston - Delaware and Maryland yellow varieties declined a little in some markets the second week of November, but prevailing range con tinued at $1.25a51.50. 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