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BANK TO SUPPORT HOOVER AID PLANS District National Pledges Subscription—Details of Operation Arranged. BY EDWARD C’. STONE. It was nnnounred todaj that the District National Bank has approved the Hoover $500,000,000 credit plan which aims to assist banks throughout John W. Polr, the United States to utilize their re sources and credit so as to further the stabil zation of financial and eco nomic conditions and thereby better • serve their com munities. The di rectors of the Dis trict National ap proved the plan in principle and voted to subscribe as much money to i the credit fund as is permitted by law. This action was taken prior to the unanimous support ghen the movement by the Riggs National Bank yesterday, in fact, before any steps had been taken toward the organization of the Washington unit. Copies of the plan of organization and operation of the National Credit Corporation, which is to handle the huge banking fund, were received here today from New York by Robert V. Fleming, regional chairman for Wash ington. who is now making splendid progress in i ganizing the local unit. This plan will be forwarded to the local banks at once and furnish officials with very direct information for each board of directors when the matter is brought up for approval. The New York organization has an Important meeting tomorrow, which will be attended bv the director from each of the 12 Federal Reserve districts. John M. Miller, jr.. president First & Merchants’ National Bank cf Rich mond, is the fifth district represent ative. The National Credit Corporation has been incorporated, but the local associations, such as the one to be formed in Washington, will not be in corporated. Chairman Fleming said today. All the legal details will be available for the banks shortly after tomorrow's meeting in New York, he added. I’ole Enthusiastic Over Plan. Controller Pole has indorsed partici pation of the national banks in the pool, his attitude having caused wide interest all over the country. The full text cf the Controller's statement sup porting the National Credit Corporation follows: “Numerous inquiries of a teehniral nature from national banks and clear ing house committees have been directed to this office concerning their par ticipation in the national corporation which has been proposed by the Presi dent. and has been so favorably re ceived by both the bankers and the public. “This office indorses the proposal as a highly constructive measure. Partici pation by national banks in the pool is in everv way proper and desirable.- National banks may lawfully invest in the corporation to the extent of 2 per cent of their net deposits, provided that such 2 per cent shall not exceed in amount the limitation placed upon them by statute, which Is 10 per cent of their unimpaired capital and sur plus "The plan is meritorious and should receive the support of all national banks” With two local banks already in line, the others will be given an opportunity to vote on the credit proposition within the next few days. They will be asked to make their subscriptions at regular or special meetings, whichever they pre fer. as soon as all the New York in formation is ready for the directors. Eight Trading on Exchange. Woodward & Lothrop common was the first stock that appeared on the Washington Stock Exchange board to day. 20 shares selling at 30. the came as yesterday’s closing price. Potomac Electric Power (i per cent preferred opened at 100 and closed at 110 1 2 on a light turnover. Capital Traction registered a tiny sale at 23 The only bond sale wa- in Potomac Electric consolidated ss, SI,OOO selling at 102 'a. Members of the exchange made no transactions in local bank stocks today, but they expressed much interest in the strength displayed in New York bank stocks following the advance in the rediscount rate in the New' York Federal Reserve district. It was expected here today that the Washington Clearing House Association will soon advance the interest rate from 1 2 to 1 per cent on deposits made by one bank with another Such action has just been taken in New' York. It has nothing to do with savings accounts. American Store Sales. American Stores Co. reports sales for the period of five weeks ending October 3. of $12,428,201, as compared with sales for the five weeks ending October 4 of $13,087,209. This is a decrease of $659,- 008. or 5 03 per cent. Sales for the nine months ending October 3 were $103,267,584, as com pared with $lO7 487.683 for the nine months In 1930 This is a decrease of $4,220,099. cr 3.92 per cent. Washington Clearing House figures for today: $4,500,308.76. Heard in Financial District. Edw'ard J. McQuade, president, of the District Bankers’ Association, has been made a member of the Business Cam paign Committee of the District of Co lumbia Chapter. American Red Cross. Mr. McQuade asked Frederick P. H. Siddons, secretary of the association. •to act as chairman of the Roll Call Committee which wdll handle the en rollment of personnel in the local banks. Joshua Evans, jr.. president of the District National Bank, is in George Washington Hospital recovering from an operation. He is making excellent progress and is expected back at the bank before long. Flowers were sent him by the luncheon group of the Dis trict Bankers' Association following Wednesday's meeting. W. H. Dallas, assistant vice president, and C. V. Pickering, advertising man ager, cf the Aetna Life Insurance Co. home office in Hartford, were recent guests cf General Agent P. D. Sleeper at luncheon at the Army and Navy Club. Other guests w'ere the agents associated with Mr. Sleeper. In the evening the same party, including their wives, were entertained by Mr. Sleeper at the Congressional Club, where pic tures of the recent, convention of the Aetna agents in New London, Conn., were shown. SEABOARD AIR LINE. NEW YORK. October 16 |/P)._Re ceivers of the Seaboard Air Line Rail way Co. yesterday announced that, In view of the prevailing adverse lousiness conditions, they have found it neces sary to defer payment of"the install ment of the principal of the Seaboard Air Line equipment trust certificates, series ”U,’’ maturing October 15. 1931. The court had authorized payment of the interest due October 15 on all the outstanding equipment trust cer tificates, series ”U.’’ “It is hoped,” the announcement by L. R. Powell, jr., and E. W. Smith, re ceivers. said, “that interest will be paid from time to time when due on the equipment trust certificates.- series ’U.’ including interest at the coupon rate on the installment, of principal now maturing and unpaid.” FINANCIAL. NEW YORK STOCK EXCHANGE , Received by Private Wire Direct to The Star Offlee. Stork' 'Old In IM-'hore lota except thoia delimited by letter * *. , 193) , Stock and Sales Net. High. Low Dividend Rote. Add 00. Hixh. Low. Close. Chxe. 14«4 2% Abitibl Pwr & Paper. 1 3 3 3 % 23% 7 Adams Express (1).. 24 9% 9 9H 4*4 S3', 22% Adams Mtllls 2 28 27 28 H 2 23% 10 Addressograph (1).. 2 12*' 12% 12** -I l'p 11*» 2 Adv Ruroley 4 2V, 2% 2% % 109*, 62 Air Reduction< 14 %) 34 63 80% 63 H 2»« 10*, 1% Airway Klee Appl..l 2% 2', 2% 20', 7 Alaska Juneau (40c) 105 14'* 13 14% Hit 12*» 3% Allegany Corp 19 4% 4 ♦% +*» 65', 8 Alleg Op pf X *3O w.. 4 10*. 10 10*. —V* 46'4 20'* Allegheny Steel 60c. 10» 20% 20% 20% 182** 68 Allied Ch&Dye (nS), 116 80% 75% 80 -* 4*i 42*4 14 Allls-Chalmers (1).. 4 17% 16% 17% 4 % 23 13 Amerada Corp (2)... 3 14% 14 14% - % 66% 54 Am Bank Note pf (3) 100a 53% 65 65 —3 4** 1% Am Beet Sugar 12 2 2 17% 4 Am Beet Sugar pf. .. 50a 5 5 5 —1 129** 71% Am Can Co (t 5) 203 83V* 79% 83 -2"* 38** 9 Am Car & Fdry tl).. 5 14% 12 14% -t 2% 48*, 31% Am Chicle <t3) 12 32% 31% 32% V, 21% 5 Am Colortvpe 17 77 % 33% 9 Am European Secur. 4 12 11% 12 4V, 61*4 10% Am A-For Power. ... 87 14% 13% 14*, -.1% 100 45% Am A For Pwr pf (7). 1 50 50 50 79% 25 Am A-For Pwr 2d pf. 2 26% 26% 26% + % 10% 4% Am Haw St'shlp (1). 4 s** s** s** 8 1 Am Hide* heather.. 1 2»* 2% 2% - % 64 37 Am Home Prod 4,20.. 2 46 45% 46 H I 26 6 Am International.... 9 9 8% 8% 4Vi SO** 8 Am Locomotive (1). 1 10% 10% 10% —1 84*4 61 Am Lo'motive pf (7) 2 60% 60% 60% —*« I 43*4 16 Am Mch & Fdy 1.40.. 5 22% 20% 22% +l% 39% 2% Am Natural Gas pf.. 100a 3% 3 3 % 64% 14% Am Pwr A- I,t Cl).. 12 19% 18% 19**4 1"* 102 66 Am Pwr & I.t pf <«). 1 60 06 66-4 I 85 58% Am P&Lt pf A st<s). 2 68% 58 58%-% 21% 7 Am Radiator (60c).. 12 8% 8% 8% 4- % 12*. 2% Am Republics 2 3% 2% 2*4 - % 37% 10 Am Roiling Mills... 8 13% 12% 13% 4- »* 66 27 Am Safety Razor (5) 5 34% 32% 34 ** 58% 19% Am Smltg&Ref (l%)x 22 24% 23 24 -1% 4% % Am Solv & Chemical. 1 % % % ~ % 11% 1 Am Sol v & Chem pf.. 2 1% 1% 1% 4- % 42% 28 Am Snuff (t.t%).... 1 31 31 31 31% 7% Am Steel Found (1). 2 10% 10 10". 4 % 113 70% Am Steel Fdr.v pf(7) 30a 84% 84% 84% 48% 36 Am Stores (T 2 %>... 1 36% 36% 36% —1 60 34% Am Sugar Ref (5)... 2 44% 43% 44% -‘4 11% 4% Am Sumatra Tob. ... 2 77 7- % 201*4 121% Am Tel & Tele, (9).. 800 135% 131 135% - 3*« 128** 71% Am Tobacco 116 >. ... 13 87% 85% 87% -2% 132"* 74% Ant Tobacco B (t6>.. 70 90% 88% 90% 3% 132 112 Atn Tobacco pf t 6).. 6 114 113% 114 80»» 23% Am Water Wks (3 >.. 17 29% 28% 29% 4 % 79 22 Am Wat WkscfstJ). 1 27% 27% 27% % 40 20 Am Woolen Co pf. .. 2 24'* 23% 24% -1% 43% 12% Anaconda Copper.... 28 15% 14% 14% % 36 13 Anchor Cap 12.40)... 2 18 17% 18 -i 1 18 8 Archer Daniel Mid. . 2 8% 8% BS-% 72 20 Armour of Del pf (7) 2 33 33 33 —2 4% 1 Armour of 111 < A)... 71% 1% 1% 2% % Armour of 111 < 8)... 5 % % "* I 9 3% Arnold Constable. ... 3 4 3% 4 28% 3% Associated Apparel. 4 4% • 4 4 —*i 29% 9% Associated Dry G(l) x 30 11 10 10% % 203% 97% Atcll Tu&S Fe (10).. 35 116% 110% 116% -5% 108% 90% Atch To&S Fe pf to) 2 94% 93% 93% 1 120 59 Atl Coast Line (7)... 2 65% 65 65 -2% 23% 9% Atlantic Refining (1) 5 12% 11% 12 % 54 21 Atlas Powder (4)... 6 21% 21% 21% —■» 295% 84% Auburn Auto (it). .. 158 119*. 111% 119 8 6% 2% Aviation Corp (Del). 8 2% 2% 2** % 27% 6% Baldwin Locomotive 29 9% 8% 9% -1 104% 36 Bald win Loco pf 17). 10* 43** 43% 43% - *. 87% 28 Balto & Ohio 4) 212 39% 36% 39% •2% 66% 26 Bang* Aroos <3Vs). 1 31 31 31 -2% 10 1% Barker Bros 120* 2 I** 2 - '* 60 25 Barker Btos pf (6 Vi) 80s 30 28 30 2% 14% 4% Barnsdall Corp’n. ... 60 6 5% 6 -r % 33 20% Bayuk Cigar t 3) 200* 20% 20% 20% - % . 90 7o Bayuk Cis Ist pf (7) 90* 70 70 70 % 81 37 Beatrice Cream 14).. 4 47% 46 47% • 2 I 111 93% Beatrice Crm pf (7).. 1 94% 94*4 94% -r % 6% 1% Belding-Hemingway 75% 5% 5% % 80% 62% Belg Nitpt pf 14.81 - 5 65 64*. 65 +*, 25% 12% Bendix Aviation (1). 20 16% 16% 16% % 46% 24% Best &Co (2) 3 29% 29% 29*. % 70". 24% Bethlehem Steal (2) .x 89 28% 27% 28% 1% 123% 75 Bethlehem Stl pf (7) 2 87 83 87 -1% 43 20% Bohn Alumn < 1 %).. 8 25 23% 24% % 76% 37 Borden Co (k 3) 61 48 46% 47% 2% 30** 9"* Borg Warner (1).... 4 13 V 2% 12% —'. 66 17% Boston & Maine RIl. 1 24 24 24 % 24% 8 Briggs* St rat ton < 2). 4 9% 9% 9% 69% 31% Bklyn-Man Tran t 4) 24 42% 40% 41% -1% 13% 6% Bklyn & Queens 2 6% 6% 6% —l% 129% 80% Bklvn Union Gas 15) 2 91% 91 91% -r V* 15 3% Brunsw-Balks 2 3% 3% 3% % 9% 2% Bruns Term & Rwj s 6 3% 3% 3% % j 20% 5 Bucyrus-Erte 16 6 6 34% 7% Bueyrus-I’.riecv pf.. 1 9 9 9 114 80 Bucyrus pf (7 ) 10* 83 83 83 ; 50 21% Budd (EG l Mfg pf.. 50* 22 21% 22 -1 i 13 4% Budd Wheel tl) 10 4% 4% 4% % 1 23 4 Bullard Co 15% 5% 5% % ' 15** 4% Bulova Watch (80c). 14% 4 • 4% % ■J 32% 10 Burt ough A Ml' 1 Vi) 48 12% 11% 12% 4 % ; 31 15% Bush Terminal (- Vi) 1 17 17 17 i 2** 1% Bulte Copper & Zinc. 11% 1% 1% % j 69*4 12% Brers <A.M > Co 10 17% 16% 17% r V* ' J 63 13% Calif Packing (2)... 2 15 14% 15 'i 1% % Callahan Zinc & Ld.. 1 % % %4 '* i 11*. 3% Calumet & Hecla.... 2 4’* 4% 4% —'* 45 14 Canada Dry G A (3). 8 18% 17% 18% -1% 45% 11 Canadian Pacific 1%. 66 14% 13% 14% -r *. ’ 25 17*4 Cannon Mills (1.CO). 1 19 18% 18% 16 s'* Capital Admin (A).. 9 8% 77% % 131% 33% Case (J I) Co 146 48% 44% 48% 3% 52% 11% Caterpillar Traci 3). 2 15 14% 15 '* 13% 1% Celolex \tc ctfs 13% 3% 3% r % 8% 2% Century Rib Mills... 16% 6% 6% 30% 9% Ferro de Pasco (1).. 1 13% 13% 13% 1 23% 3% Checker Cab Mrfg... 14% 4'-, 4% 46% 23% Ches & Ohio <2 Vi )•• • ‘ 180 32% 30 32% 1". 54% 14% Chesapeake Corpt *). 16 26% 23 26% -2% 7% J% Chi Great Western.. 15 5% 4% 5% • % 27% 12 Chi Great Westn pf. 18 19 17% 19 1". ' 8% 2 Chi Mil StP* Pac... 10 3*» 3% 3% -r % 15% 3% :;hi Mil StP & Pac pf. 33 6% 6 61, -r Vi 45% 13% Chi * Northwest t 4) 38 18 15% 17%' • 1% 15% 3% Clii Pneu Tool 3 6 s*. 6 % / 35 10 Chi Pneu Tool pf. ... 3 12 - ID, 12 % j 65% 20 Chicago R I&Paclflc. 32 28% 25% 28% -2% j 90 40 Chi RI & Pac pf (6). 1 41 41 41 '' 101 50 Chi R1 & Pac pf (7). 1 53 53 53 H 2 i 12% 8% Chic kasha Cotton Oil 18% 8% 8% i 33% 8 Childs Company. ... 1 11 10% 11 Hi 25% 11% Chrysler Corn (1)... 127 14% 14 14% 4 % l 37% 26% City Ice&Fuel 4 3.60) 1 28% 28% 28V, 90 66% City Ice&Fuel pf * % 80* 68% 68 68 4% 1 City Stores I 1% 1% 1% 105 95 Cluett-I’eabdy pf (7) 120» 100 100 100 % 170 97% Coca-Cola <t7**).... 27 108 104 108 H 3*4 63% 49% Coca-Cola (A) (3)... 15 49% 49% 49% % 50% 28 Colgate-Pal-P (2%). 2 32% 31 32% 4 % ; 17% 7% Collins & Aikman... 8 12 11% 12 4V* r 32% 8% Colo Fuel & lion. ... 2 10% 101* 10% —** 45% 16% Columb G&E (1 Vi ). 30 21% 20% 21% ■! 1% 109'-, 76 Col Gas&Kl pf A (6). 1 87% 87% 87', -3% 111% S 3 Cohtmb Carbon (4). .x 13 43 41 43 -1% 23% 8 Comm Credit (1.60). 5 11 10% 11 4 % [ 35% 20 Cornel Credit A (3).. 1 20% 20% 20% 4 % 34 15% Cornel Inv Trust (2). 117 17 17 4'. 90 70 Comm lnv cvpf (e6). 1 70% 70% 70% -1% 21% 9% Cornel Solvents 11).. 31 11% 10% 11% 4 ’ 12 4% Comwlth&Sou (40e). 42 5% _5% 4 % 100% 68 Comwlth&Sou pf (6) 1 75 75 75 14% 6% Congo!m-Nairn < 1 >.. 7 10% 9% 10% % 73 46 Consol Cgr pr pf 6%. 60s 49 49 49 —l% 70 48 ('on Cgr pr pf Xtv 6Vi 100 s 49% 49% 49', 3% 1 15 3»* Consol Film 8 6 »% - % 109% 61 Consol Gas N Y 14).. 176 71% 68% 71% 41% 107 93 Consol Gas NY pf <6) 6 99 98 98 -1 42% 20 Consol Rwys pf (6).. 5 2.V 24 24 1% Vi Consol Textile 5 % % % 4 % : B', 2'i Container Corp (A). 12% 2% 2% % 3 % Container Corp (B).. 11 11 4- V* 3% ** Conti Baking (8).... 45 % % % 77% 40 Conti Baking pf (I). 3 43 42% 42"* 4 % 62% 31% Conti Can (2 % > 9 37*. 36 37"* 4 2 16% 4% font Diamond Fibre. 4 s*. 5% 5% i 61% 19% Cont lnsur (2.40)... 8 28 26% 28 1% 4% 1% Conti Motors 7 I*. I*. 1% + % I 12 6 Conti Oil (Del» 31 6 s * 6% 6% % 12 1% Conti Shares 4 IV* I*, I*. % 86% 36% Corn Products (3)... 37 43% 42 43% 4 % r 18 8% Coty Inc 2 4% 4% 4% % 34% 20 Cream of Wheat t2V4 1 22 22 22 -% 19*. 11 Crex Carpet 1 11 '» 11*. 11% % 38% 17 Crown Cork (2.40).. 2 18% 18 18% -1- % 63 22 Crucible Steel 3 24 23% 24 % 2% % Cuba Cane Products. 1 % % % % 44 20 Cuba RR pf (6) 10s 29 29 29 +2 . 100 35 Curtis Publish (4). . 2 39 38 39 118*. 85 Curtis Publish pf (7) 2 90 87% 90 —1 J 5% 1". Curtiss Wrignt 17 2% 2 2% 8% 2% Curtis Wright (A).. 2 2% 2% 2% 4- V, 41 12% Cutler Hammer 2 13 12% 13 23 4 Davison Chemical... 2 5% 5% 5% -v, ’ 22 13’, Deere &Co pf 11.40). 3 14 14 14 , 157% 93 Delaware & Hud (9). 7 103 98 102'* 4.3% 102 '29% Del Lack *Wn (2).. 26 40% 38 40% -3% 19% 11 Devoe & Kay A(6oc). 1 11 11 11 23 12% Diamond Match (1).. 4 16*. 16 16% 4- % 13% 6% Dome Mines tl) 4 8% 8% 8% 4- % 24 11 I'omn Stores (1.20).. 2 15 14% 15 H- % 22% 21 Dresser (S R) (A)... 3 21% 21 21 -1% 78% 42% Drug Corp (4) 37 53 51 53 41% . 21% 10 Doug Aircraft(ll %) 1 13% 13% 13% 4 Vi 1% % Duluth S 8 & All 1 >* % V* 5 107 53*. Dupont de Nem (4).. 136 57% 54% 57** 42% ' 124% 108% Du Pont de N pf(6).. 1 109 109 109 -1 1 13% 3 Eastern r.oll Mills.. 13% 3% 3% -V* , 185% 93 Kastman Kodak (t«) 29 108% 103% 108 4 5 69 35% Ki ting ton-Schild pf.. 2 66 64V* 55 -I- % t 74% 20 Elec Auto Lite (4).. 30 26 24% 26% 41% 19% 2% Elec&Mualcal Instru 24 4% 4% 4Vi 4- Vi 60% 16% Elec Pwr& Lt (1)... 92 22% 21% 22% 4- % 98% 65 Elec Pwr &Lt pf(6). 2 65% 65 65 - % r 108% 66% Elec Pwr &Lt pf (7) 1 75 75 75 66 29 Elec Storage Bat (4) 2 34 33 33 -% 1 35% 18% Eqult Offlee Bldg 2H 2 19% 18% 19V, 4- % » 39% 10% Erie RR 24 14% 13% 14% -1% ’ 45% 13% Erie RR Ist pf (4)... 2 18% 18 18 -r3 » 40% 12 Erie RR 2d yf 1 13% 13% 13% 4 % i 12% 3% Eureka VacCleaner. 1 4 % 4 '* 25 13 Exchange Buffet (1). 10a 13 13 13 H THE EVENING ST AT?, WASHINGTON, D. C., FRIDAY, OCTOBER 16, 1981. /-1931-. Stock and Bale*-- • Mat. High Low Dividend Rate. Add 00. Hiah. Low. Close. Chxe. 109% 57% Fairbanks Mpf (7).. 90s 57% 67% 67', 15% 2% Federal Screw Wks.. 12% 2% 2% 30 8% Fed Wat Svc A<1.20) 3 9% 9 9% +Vi 56% 22 Fid Ph Fire 1n(2.60). 4 29% 27% 29% 4-1% 66V* 50% Firestone T&R pf(6) 2 64 54 64 64% 10% Foster Wheeler (1).. 8 14% 13% 14 4- % 38% 5 Fox Film (A) (2%).. 16 8% 7% 84% 75 67 Franklin Smn pf(7). 10s 70 70 70 43% 13'i Freeport-Tex (3)... 98 20 18% 20 + % 88 54 Gen Am lnv pf ' 6). . 2 54Vj 64% 64% Vi 73% 38% Gen Am Tank Car(4) 2 45V, 45% 45% % 47 9% Gen Asphalt (2)' 4 13% 13 13% -r V, 13 3% Gen Cable 14% 4% 4% —Vi 25% 6% Gen tA) 1 11 11 11 +4 65 17 Gen Cable pf 130 s 18% 17 18 —1 48% 25 Gen Cigar (4) x 1 31 31 31 41 54% 24% Gen Electric (1.60).. 230 • 30% 28% 29% 4 Vi 12% 11% Gen Elec spec (6"c)». 2 11% 11% 111, % 56 30V* Gen Food Corp (3).. 62 35% 34% 35% + % 8% 2% Gen Gas&El A(e3oe) 16 3 3 3 4- % 35% 23V, Gen Ital Ed El m 2.61 1 24 24 24 4- % 60 32 Gen Mills (3) 2 33 32% 32% 4Vi 48 22% Gen Motors (S) 410 25% 24*. 25% 4V, ! 103% 85 Gen Motors pf (5)... 23 91% 90% 91', 23 4% Gen Public Service,. 11 6', 6 6% 84% 22% Gen Ry Signal (6).6 34V, 34 34', 4 % 9%' D* Gen Realty & 1Jt11... 31 1% 1% 1% -'« 74% 17 Gen Realty * Util pf. 6 18 18 18 -V, 15Vi 1% Gen Theatre Equip.. 6 1% 1% 1% 38** 9'* Gillette Saf Raxor.sl 13% 12% 13% 4 % 76% 65% Gillette Saf Rps (5). 4 66 63 63 2% 16% 4'i Glidden Co 76% 5% 6% 4 % 82 48 Glidden Co pr.pf (7). 30* 69 57V, 59 Hi 9% 3*, Goliel (Adolf 1 5 4% 4% 4*. % 42% 18 Gold Duat <2 %) 34 21% 20 21% Hl% 20% 5 Goodrich <BF> 16% 6% 6*. 52% 16 Goodyear T&R (S). 6 24% 24 24% 41% 6% 1 Could Coupler 2 I** 1% 1". -r V* 6% 1% Graham-Palge 2 2% 2% 2', 22% 5% Granby Con Min (1) x 2 7*, 7% 7% 4 % 25% 3% Grand Silver Stores. 4 4% 3% 4% Hl% 18% 7 Grand Union 8 11 10% 11 4V* 42 25% Grant (WT) (1).... 3 33% 32% 33% '. 69% 20 Great Northn pf(4). 66 29 25', 29 43V, 11% 5% Great Western Sug.. 2 7% 7% 7% 4 % 96% 80V, Great Wn Sug pf (7) 40* 82% 82% 82** 4 % 6% I*. Grigsby Grunow., 12% 2% 2% 4 % 75 14% Gulf Mobile&Xor pf. 3 15 15 15 4 % ~3(l% 24% Hackensack \V (1%) 1 25 25 25 4 % 3(1 26'* llacken Wat pf Al% 30* 27'i 27 27% 9% 2% Hahn Dept Storea. .. 12 3% 3 3% 19% 11 Hall (WF) (120)... 1 12 12 12 94 74 Hanna pf (7) 10* 76 75 75 44'* 17% Harb & Walker (1).. 4 19% 19% 19% 4 % 10% 2 Hartman Corp (A).. 12% 2’. 2% 8 I', Hayes Body Corp... 11% 1% 1% 4 % 100 60 Helms (GW) (t7>. .. 1 73 73 73 H 3% 58 36% Hercules Potvder(3). 3 36% 36', 36% 119% 105 Hercules Pow pf (7) 20* 105 105 105 103% 71% Hersliey Choc (6)... 1 79% 79% 79% 4 % 104 80 Hershe.v Choc pf (tS.' 1 84 84 84 4’, 8% 2 Hoe (It) &Co 12% 2% 2% 4*. 37 17 Holland Furn (t 2%) 2 18 18 18 % 120 81 llomestake M (7.10). 2 101 100 101 4 1 9% 3 Houdailte Hershey.. 16 4 3% 3% - >, 68% 19 Houston Oil 15 28% 26% 28 -2 14% 4 Houston Oil (new).. 2 5% s*. 5% 4 % 29% 12% Howe Sound (2). ... 2 14% 14% 14% 44% 27 Hudson & Man (3%) 2 32% 31% .32% 42% 26 7% Hudson Motor (1). .. 11 10% 10 10 -r % 13% 3% Hupp Motors 2 4% 4% 4% 4 % 89 23',* Illinois Central (4).. 30 31% 29% 30% -t IVi 86 21 Indust Rayon (4)... 2 26 25% 25% -1% 182 45 Ingersoll Rand (4).. 6 52% 50 52% 42% 71 26*. Inland Steel (2% ). .. 3 28% 28% 28% -r % 12% 7 Insuranshares Del A 1 8 8 8 9% 4 lnsur Shr< Md) < 40c). 2 4% 4% 4% % t 34 7% Interhoro Rap Trans 4 11% 11 ID* 15 4% Interlake Iron 31 4% 4 4 %! 179% 92 Int Bus Machlne(n6) 3 108% 107% 108% 2 62% 17 Int Cement (4) 5 19% 19 19% .1% 4 % Int Combustion 2 1 % % 60% 22% Int Harvester (2 Vi). 16 26% 25% 26*. 1% 31 10 Int Hydro El A (#2). 9 13% 12% 13% -r % ; 73% 19 Int Match pf (4).... 21 2.V. 23% 25 -I%' 20% 7", Int Nick of Can(4oc) 132 9% 8% 9 -r % 123 90 Int Nick Can pf (7).. 2 92% 82% 92% 2 42 10 Int Paper pf 70s 11 10% 11 % 10% 1% Ins Paper & Pwr (A) 12% 2*. 2% 4 % 6 % Int Paper & Pwr (B) 2 1% 1% 1% 4 % 4% % Int Paper & Pwr C... 2 1% 1% 1% 4 % 38". 13% Int Tel & Tel (1) 62 16% 15*. 16% 4 % 21% 10 Int Dept Stores (2).. 6 12% 11% 12% % 67% 55 Interst DSpf XW (7) 40* 59 59 59 H 4 18% 8 Intertype Corp (1).. 14 9 8 9 9% 2 Investors Equity.... 5 2'i 2% 2% % *, lowa Central UR.... 100* 1% % % % 31 15% Island Creek Coal 14) 1 18% 18% 18% 4 V* ~57% 24 Jewel Tea («) 4 29 29 29 80*. 31 Johns-Manville (3).. 29 33% 31% 33% 41% 123% 99 Jones * Laugh pf (7 ) 10* 101 101 101 -1 45 8% Kansas City Southn. 8 15 14 15 4 1 24% 8% Kayser (J) &Co (1). 11 10% 10% 10% 4 % 45 10 Kelly-Spr T 6% pf.. 30* 19 16% 19 -2 26 5% Kelly-Spr TB% pf. . 160* 9% 9 9% 4tv 29% 3% Kelsey-ilayes Wheel 4 4% 4% 4% —% | 15% 6 Kelvinator Corp. ... 17 77 —% i 81% 10% Kennecott Copper(l) 45 12% 12 12% 4 % I 70 17 Kinney (G R) Co pf.. 40* 18 17 17 —V* J 29*. 19 Kresge <S 8) (l.« 0). 61 22% 22 22% 4%l 27% 5% Kreuger & Toll 1.61). 44 7% 7% 7% -% ; 35% 18 Kroger Grocery (1). 55 21% 20% 20% %! 87% 40% Lambert Co (8) 11 55 53 55 HIV. 4". 2% Lee Rubber & Tire.. 5 2% 2% 2% 18% 7% I.eh Port Cement.... 1 7*. 7% 7% —Vi 8", 3% Lehigh Valley Coal., 13% 3*. 3% 4'. 61 17% Lehigh Valley R R... 6 20% 20 20% - IV. 69*4 35 Lehman Corp (3).... 8 42 41 41% -1 34% 18% Lehn & Fink (3) 12 21% 21 21% 4 % 91% 40 Ligg & Myers B (to) 20 55 53 55 4is 34", 15 Lima Lncomot (m 2). 5 2)', 19 20% -I 2 6.3% 27*. Loew's Inc (1)...... 75 37*, 36 .37% -1% 6% 2% Loft Inc 2 .3% 3% .3% - % 54% 35% Loose-Wiles <t3). ... 1 39% 39% 89% 41% 21% 10 Lorri Hard (P) Co. .. 125 1.3 12 13 4 V* 35". 20 Lou Gas&El A (IV). 3 24% 23 24% -1 111 38% Louis&Nashville(s). 6 40% 39 40% : % 19 5% Ludlum Steel 17% 7% 7% 52% 21% T.ndlnm Steel pf 1 24 24 24 H 2% ' .36 17 McCall Ot>rp (2% >... 4 22V* 22 22 10% 2% McLellajiStores. ... 13% 3% .3% 4V* 103', .38% McKeesport T P (4). 12 45% 43% 45%41% 37% 19 McKes&P.ob pf(3%) 3 22% 22% 22% 43% 15% Mack Trucks (2).... 6 19% 18% 18% % 106% 53 Macy (RH )& Co(n3). 2 65 64% 65 -1% 27*. 7'* Magma Copper (1).. 2 10 10 10 4 % 12% 2% Manatl Sugar pf. ... 30* 2% 2% 2% 61 37 Manhat Kiev gtd (7). 10* 4.3 43 43 H 3 ?9 9% ManhatElev mod gtd 2 16 15% 16 -4 2 24'* 12% Marine Mldld (1.20). 2 15 14*. 15 4% 10 1% Marmon Motor Car.. 12% 2% 2'* 32% 13% Marshall Field (2 V,) 1 16% 16% 16% 4 % 31% 14% Mathieson Alkill (2) 15 18% 17% 18% 4 % 71% 50 Maytag Co Ist pf (6)x 1 50 50 50 1% 34 18% Melville Shoe (2)... x 1 19 19 19 10% 2"* Miami Copper 73% 3% 3% 4 % 16"* 5 Mid Continent Petm. 77 6% 6% % 31% 7 Midland Steel (.3)... 1 10% 10', 10% 94 35% Midland Steel pf (I). 1 50 50 50 ** V* Mlnne & St Louts. ... 12 V* % % 11% 3% M StP &S S Marie.. 13% 3% .3% 26"* 5% Mo Kan * Texas. ... 10 9% 9% 9% 4 % 85 18 Mo Kan & Tex pf (7) 6 29 27 29 -2% 42% 10 Missouri Pacific.... 45 16% 14% 16 - 2 107 24 Missouri Pac pf (5). 20 39% 38 38% -rIH 21". 9 Mohawk Carpet 1 19% 10% 10% % 29 16% Monsanto Chem(l Vi) 1 19% 19% 19% 4 % 29% 8% Montgomery Ward.. 40 11% 11% 11*. -1- % ** % Mother Lode 1 *'• ’* y 36% 8% Mullins Mfg. t 1W» 9% 10% 4- % 18% 5 Murray Corp 17 77 4 % 40". 15% Nash Motors (2)...’. 10 20% 19% 20% -’l% 10** 3% Nat Acme Co 2 4 4 4 4V. 10 2% Nat Bella Hess 3 3% 3% 3% 83% 37% Nat Biscuit (2.80)... 20 46 44% 45% +l*. 153% 1.35 Nat Biscuit pf (7)... 2 137 135 135 —2% I 39% 15 Nat Cash Reg A 1 Vi. 25 17% 16% 17% 4 V* 50% 20% Nat Dairy (2 60).... 4063 s 27% 25% 26% -'- % 36". 19% Nat Dist Prod (2)... 1 21 21 21 4Vi 132 84% Nat Lead (5) 1 90 90 90 41 143 135 Nat Lead pf A (7). .. 200* 135 1.35 1.35 120". 110 Nat Lead pf H (6)...x100* 108 108 108 % 44% 14% Nat Pwr &Lt (1)... 10 17% 17 17% 4 % 1% % Nat Radiator 1 % % % 58 18% Nat Steel (2) 1 24% 24 24% Hi 70% 11% Nat Supply Co 1 11% 11% 11% 76% 18 Nat Surety (2) . 2 20% 20 20% 4 % 14% 5 Nev Copper (80c).... 20 6*« 6% 6% % 20V» 10% Newport Co (1) ,4 15% 15% 15% 24 3 Newton Steel 1 5 5 5 % 1.32% 49% NY Central (4) 380 62% 58% 62% 42% 88 10% N Y Chicago &St L.. 1 18% 18% lffl, 45% 94 15% N Y Chi & StLpf 1 20 20 20 12% 2 N Y Investors 1 -3% 3% 3% 4Vi 94% 30% NY NH * Hart (4).. 20 45 42% 44% H 3% 119% 80 NYNH &H pf (7).. 1 89 89 89 13'i 5% N Y Ont & Western.. 7 10% 9% 10% 41% 12% 2% N Y Shipbuilding.... 14% 4% 4% 107% 97 N Y Steam pf (6)... 100 s 100% 99 99 % 118 99% N Y Steam Ist pf (7) . 30* 105 105 105 29% 10 Noranda Mines 25 12% 11*, 12% -I % 217 112 Norf* Westn (t 12). 2 138 136 138 46% 11 3% North Am Aviation. 4 5 5 5 1 90% 26 Nor Amer4blo%stk) 128 37% 35% 37% -'-1% ' 57 41 North Amer pf (3).. 4 46 46 46 4 % 107% 87? i North Am Ed pf (6). 2 88% 88 88 -2% 60% 19% Northern Pacific 3). . 40 26% 23% 26 42% 19% 6% Ohio Oil 65 8 7% 7% 4 % , 5% 1 Oliver Farm Equip.. 2 1% 1% 1% 26 4 OllvFarm Kq pr pf.. 1 6 6 6 4V4 6% 1% Omnibus Corp 25 2% 2% 2% 4 vi, 75 13 Orpheum Circuit pf. 80* 16% 15% 16% % 58% 20% Otis Elevator (2 %).. 4 26 25 26 H-1% 16% 3% Otis Steel 3 4Vi 4 4% ' ”69% 16 Otis Steel pr pf 10* 19 16 19 -3% ' 39% 20% Owen* 111 Glass (2). 2 27 26% 27 41 1 54% 29% Pacific Gas&El (2). 21 85% 34% 35% 4 % 69% 35 Pacific Lighting (3). 9 39% 38% 89% —Vi , 26% 9% Pacific Mills 20* 10% 10% 10% - % . I 11% 4 Packard Motor (40c) 23 5% 5 5% 4 % . • 50% 10% Paramt-P(ml.62V4p) 26 14. 13 14 41 14% 1% Parmelee Transport. 4 1% 1% 1% % 2% % Path* Exchange.... * • % % % t (Continued oil ftl* 18.) RAILS LEAD RALLY IN STOCK MARKET Industrials Also Share in Im provement, Which Starts in Early Trading. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, October 16. —Still buoyed i up by the hope of Washington assist ance to the railroads, the stock market I today staged another rally. The rails ‘ were the principal beneficiaries, but j more or l?ss the Industrials recovered also. At the opening the market was con- | fronted with the increase In the redis count rate to 3‘ 2 per cent, announced , by the New York Federal Reserve Bank alter the close Thursday. Such action had been generally anticipated, and its influence on the stock list was negli gible. although, of course, it was an im portant factor in the bond market. In accord with the new situation. | call money renewed at 2 , /j per cent, the highest rate In months. There was considerable calling of loans dur ing the morning and it looked as though the rate might go higher before the session was over. Time money was quoted at 3 per cent bid for all ma turities and prime bankers’ acceptances were quoted at the highest rates of the year. The advance in the rails Included all the active issues and put some of them to new highs on this recovery. The gains ran as high as 5 and 6 points in the higher priced shares. The story, as Wall Street heard it today, was that not only would there be some rate re lief. but that the administration had a plan to rescue the railroad bond market from its present state of near collapse and. furthermore, that there | was a possibility of the railroad brother hoods accepting voluntarily a reduc-, tion in wages. Opening prices were Irregular. Wall Stieet was divided in its interpreta tion of the further advance of 1 per cent in the rediscount rate, but was inclined to construe bearishly the drop of $73,000,000 in brokers’ loans. There was a tendency to look hopefully on overnight developments in the Sino- Japan;se situation. This gave a firmer tone to the list. United States Steel opened unchanged at 66**. Active industrials such as Air j Reduction, Allied Chemical. J. I. Case, Eastman Kodak. Radio Keith. Westing house and Bordens were higher. There were small losses in American Can. A M. Byers, General Electric, Johns Man- i . \ llle and General Foods. i Most rail shares were lower, among : ' them Baltimore & Ohio. Canadian Pa- j eific. Chesapeake Si Ohio and New York Central. Atchison and Union Pacific ! however, b tli scored opening gains. J The utilities were little changed. Ameri- j can Telephone advanced a shade to j 132*4 and Public Service of New Jer- * j sey was off * 2 at 60*4. Motor stocks j ' were undecided. General Motors opened j on a 5.000-share block at 24 3 4, but both { Auburn and Chrysler were higher. Oils j were quiet. Standard Oil of New Jersey was higher at 31 7 8 . The market, after its hesitant open- ] ing, turned upwaid, and after the first] hour was generally higher on the day.! Call money renewed at 2' 2 per cent, tlr* j highest renewal rate since December 29. ! 1930. Dining the first half hour trading ] amounted to 200.000 shares, the same as ] on Thursday. United States Steel at 67*4 was al- 1 most Ji point higher after the first half i hour'but other active industrials were I from 2 to 3 points higher. The featured ! group was that of the railroads. Active j j trading at sharplv higher prices oc-. i rurred in Union Pacific and Atchison. ! Both advanced more than 5* 3 points. .— FAILURE OF STEEL | PACT AFFECTS STOCK i Youngstown Sheet & Tube Officials Face Big Task on Dividend Distribution. By the Associated Press. YOUNGSTOWN. Ohio. October 16. Officers of the Youngstown Sheet A: | j Tube Co. today began a complicated j j task of distributing $1,700,000 in de- j i ferred dividends to shareholders who | ! had opposed a merger with the Bethle- j hem Steel Corporation The amount was released yesterday' by cancellation of the merger contract. 1 In cases w here ownership of the dis- j senttng stock has not been transferred payments of the dividends will be a simple matter, but thousands of shares have been transferred, some of them - several times, since the stockholders’ ; war over the proposed consolidation. First the ownership of these shares . will have to be ascertained and next ! whether the stock was transferred with j or without accrued dividend rights, j Officials of Sheet & Tube estimated the ; task would require at least six months , in some cases. ' The $1,700,000 piled up In a special fund set aside for dissenting shares. ' Since the merger fight began 19 months ago the company has declared five divi dends. totaling $5.25 a share. Status of the dissenting shares had ] remained in doubt until Bethlehem ex ercised it* option of cancelling the merger contract yesterday "because of changed conditions.” The deal had been approved by a majority of Sheet At Tube stockholders, but the minority, led by Cyrus S. Eaton, Cleveland finan cier, had It tied up in litigation. Business Notes NEW YORK. October 16—Following the spurt in consumer purchasing last Monday, retail trade has again eased off, reports from store executives In New York Indicate. Results are notably spotty in the apparel departments and, desplt»<4he late date, sustained seasonal purchasing has not yet materialized. Both coats and dresses are affected, the situation in the latter merchandise being reflected In substantial returns and delayed reordering. The scarcity of certain part-wool blanket constructions became more acute during the week when last-minute orders from jobbers and retail buyers reached the New York market In fair sized volume, selling agents report. Some mills are sold up for several weeks In advance on these styles and cannot promise definite delivery dates. Spring cuitain orders will be placed later this season than in any similar period in the last five years, according to reports In the New York wholesale trade. Spotty conditions prevailing in the market have made curtain manu facturer* uncertain regarding Spring demand .and they are planning to stay out of the market until late January, and possibly until February. Slowing up has developed in current orders for broad silks, the trading being done reflecting weather conditions from day to day. New business from the ap parel trades has been held down, while retailers are largely concentrating on silks for promotional events. As a re sult, price competition in the trade is somewhat keener than it was several weeks ago. CHICAGO DAIRY MARKET. CHICAGO. October 16 </PV—Butter- Receipts, 11.148 tub*: market steady, prices unchanged. Eggs—Receipts. 3.632 cases; market steady, prices unchanged. Brokers’ Comment NEW YORK, October 16.—Favorable comment wAs made by brokerage houses today on the increased rediscount rate. Opinions on the stock market varied somewhat, but the rally, following a normal secondary reaction, was viewed M encouraging. Bhlelds At Co.—ls relieved from an otner outburst of rumors and propa ganda, the market can rally a little further. The market In most stocks is exceptionally thin on both sides, how ever. so that while the probability of further bad news from abroad exists, it is dangerous to follow technical re coveries. j Jackson Bros., Boesel At Co.—Despite , the unfavorable impression created by I yesterday's late sell-off, we feel there ; is still no justification for believing that i the lows of October 5 for the indus- I trials and .nils arc likely to be vlo ■ lated in the near future. We rather | lean to the view that the developments of the next few days will be such as to cause an extension of the moderate I gains established at yesterday’s close. Redmond Ac Co. —It should be ob vious by this time that additional con atructive measures are necessary if con fidence is to be fully restored and busi ness started on the road to general re covery. The delay In the beginning of aggressive operations by the new Na tional Credit Corporation is somewhat disappointing, particularly in view of the steady trickle of bank failures, but hopes are still widely held that the necessary capital may be raised to per mit the active functioning of the new organization by the first of the week. Hornblower Ac Weeks—The further increase in the Federal Reserve rate is doubtlessly aimed to check the in creases in circulation which have char acterized the reports in recent weeks and the repatriation of gold balances in New York. E. F. Hutton Ac Co.—The market is ' seemingly becoming increasingly un willing to respond to hazy rumors of forthcoming developments which arf not quickly followed up by action. This is as It should be. A less gullible, more selective market would satisfy all. Baar Cohen Ac Co. —The raise in the rediscount rate should accomplish three things: First, ft should militate against further export of gold Second, it should raise the general level of money rates to a level where a big Govern ment bond issue could be offered and sold on an income basis attractive to the investor. Third, In so issuing a large Government issue, it should and will attract a very large portion of this hoarded money, which will then lose Its sterility, get to work and the passive inflation of a billion dollars will become an active inflation. ! BROKER LOAN TOTAL ! DECREASES FURTHER I Special Dispatch to The Star NEW YORK. October 16. The ] weekly statement of the Federal Re- I serve cn brokers' loans showed a de i crease of $73,000,000 during the week ] ended October 14. to a total of $928.- I 000.000, a new low record since Decem- I ber 28. 1921, when the figure stood at ! $898.541.000 This compares with the ' previous 1931 low of $1,001,000,000 j made last week and with $2,752,000,000 I on October 15. 1930. | Loans fer own account were $699.- • 000.000 compared with $798,000,000 a | week ago. Loans for out-of-town I banks totaled $89,000,000 against $77.- i 000.000. and loans for account of oth ers amounted to $144,000,000 contrast led with $126,000,000 Demand loans ! constituted $644 000,000 of the total : against $682,000,000 a week ago. and ! time loans were $284,000,000 against I *319.000.000. The New York Federal Reserve dis trict rediscount rate was raised to 3’ 2 per cent from the previous rate of 2' 2 per cent. ICE AND COAL MERGER PLAN WINS APPROVAL ; By the Associated Press. ATLANTA. Ga , October 16 —F. W B?asley, president of the Atlantic Icc Ar Coal Co., has announced stockhold ers of that company and of the South eastern Ice Utilities Corporation of Portsmouth. Va.. have agreed to merge the two concerns as soon as legal de- I tails can be worked out. \ Th? merger. Beasley said, is to be ac : complished on a dollar-for-dollar stock ! exchange basis. He said the combine I would be the third largest of it* kind in the United States. Atlantic Ice & i Coal having assets of approximately | $16,000,000 and Southeastern Ice having '. about $10,000,000. Beasley said the vote for the merger \ was unanimous, with a large percentage ; of the outstanding stock represented. DIVIDENDS DECLARED NEW YORK, October 16 OP.— Pe- P*v- Hldrs. of Company. Rate riod able. record. Extra. ■ Stamford Tr (Conn).lt .. Nov. 3 Oct. 36 Initial. Cabot (G L* Co $lO .. Oct. SI Oct. 15 I.lauldatina. Cumberland Pipe L S2O .. Dec. 15 i Reduced. Colonial Tr (8a1t)..75c S Nov. 1 Oct. 34 Omitted. Clark Controller . 23c Q Due Oct. 7 Preuoleum Landowners _ _ Ltd 25c M Due Aui. 15 Seneca Nat 6'V A tr ctfs *1.50 Q Due Oct. 1 Kecular. Aut Vot Mach pr pf. 50c .. Nov. 16 Nov. 3 Booth )FE> S 3 pf A.75c Q Oct. 1 Sep. 15 Brazilian Traction..23c Q Dec. 1 OcL 31 Bridgeport City Tr 75c Q Nov. 1 Oct. 20 Capital Manage C0.25c Q Nov. 3 Oct. 21 Chi Rap Tr pr pf A.65c M Nov. 1 Oct. 20 Do. pr pf B 60c M Nov. 1 Oct. 20 Citizens Tr (Utica).7sc Q Nov. 1 Oct. 21 Collins Co SI Q Oct. 15 Oct. 6 Columbus Pack pf. 11.75 Q Nov. 2 Oct. 15 i Common P & L „ . Ist pf 51.50 Q Nov. 3 Oct. 21 ! Consol Hot of A 37Lc Q Nov. 20 Nov. 1 I Dayton P/A Lt pf 50c M Nov. 1 Oct. 20 I Empire Tit A Guar $1 Q Nov. 2 Oct. 26 First Nat Bk (Stock- . I ton) $2 Q Oct. 10 Sep. 30 | First Nat Bk (New ___ ~ ! Bedford) S 3 Q Oct. IS Oct. 13 . First Nat Bk A T _ . i Bridgeport) 75c Q Nov. 2 Oct. 26 Freeport Texas 75c Q Dec. 1 Nov. 15 Fulton Indus Secur (At- _ . „ i lanta) 53.50 pf.B7‘aC Q Nov. I Oct. 15 1 Gilmore Oil 20c Q Oct. 31 Oct. 15 Gt Lakes Engineer. 15c Q Nov 2 Oct 24 Higbee Co Ist pf.. $1.75 Q Nov. 1 Oct. 21 I Do. 2nd pf $2 Q Dec. 1 Nov. 20 Holyoke Nat Bk _ (Mass) $2 Q Sep. 30 Sep. 30 Horne (Jos) pf $1.50 Q Nov. 1 Oct. 24 Horni Sig Mfg pc pf 25c Q Oct. 1 Oct. 5 Indnst Trust (Prov>.s4 Q Nov. 1 Oct. 20 lowa El 7'» pf A. $1.75 Q Oct. 1 Sep 15 Do. 6'i'r pf 8.*1.620 Q Oct. 1 Sep. 15 Keystone P A Spf.s3.so S Sep. 2 Kings County Tr. . .S2O Q Nov. 2 Oct. 24 Laz (FAR) C Df.Sl 62' 2 Q Nov. 1 Oct 20 McNeel Marble 0f.51.50 Q Oct. 15 Oct. 6 Met A Thermit Co *1.50 Q Nov. 1 Oct. 20 Nat Coml Bk A Tr (Albany) S 5 Q Oct. 15 Oct 2 Nat Tel A Tel A.. 88c Q Nov. 1 Oct. 17 Do Ist pf $1.75 Q Nov. 1 Oct. 17 Pac G A E pf,37'ac Q Nov 16 Oct. 31 Do s',2'e pf 34%c Q Nov. 16 Oct. 31 Parker (SC) A C A. 50c Q Nov. 1 Oct. 25 Pogue (H A8) _ , . 6V pf $1.50 Q Nov. 1 Oct. 15 Pi ogress Corp 5c Q Nov. 2 Oct. 22 : I Reserve Inv Co pf $1 75 Q Oct. 15 Oct. 10 Railway Equip A Realty Ist pf 37Lc Q Dec. 1 Nov. 1 Rose 5-10-25 C Sirs 7V pf $1.75 Q Nov. 1 Oct. 20 Rockland LAP C0.23c Q Nov. 2 Oct. 15 Russell Mot Car Ltd 75c Q Nov. 2 Oct. 20 Do pf $1.75 Q Nov. 2 Oct. 2C Seaboard Surety.. lLc Q Nov. 16 Oct. 31 Sega! Lock A H 01.87*20 Q Oct. 15 Sep. SC Smith Bro Prop pf. 53.50 8 Oct. 1 South Bide Bk A Tr ! (Scranton) 75c Q Oct. 15 Oct. I . Stamford Tr Co 1 (Conn) $2 Q Nov. 2 Oct. 3C Stewart Iron Wpf $1.75 Q Oct. 15 Oct. I I Storkline Furn pf..25c Q Nov. 1 Oct. 3C I Utica Chen A Sus 1 V R $3 S Nov. 1 Oct. 14 Van De Kamos Hoi Out B $6.50 pf.51.62*2 Q Oct. 1 Western Unit Corn •Va* pf $1.62*2 Q Nov. 2 Oct. 11 Weston (G> Ltd pf.sl 75 Q Nov. 2 Oct. 2f Capital Manage 25c Q Nov. 1 Oct. 21 Mclntyre Porcupine Mines j. 35c Q Dee.. 1 Nov. J i National V A- L..,..25e Q Dee. 1 Nov. 1 : " C o C ' .. I T taM, ..*i7V,e Q NOV. 2 Oct. 3! F I X A xciai;. DECLINE IN FREIGHT TRAFFIC REPORTED Bureau of Railway Economics Notes Drop in Class 1 Business. Based on reports received from rail roads, the Bureau of Railway Econom ics has announced that the volume of freight traffic handled by the class 1 railroads of this country In the first eight months of 1931 amounted to 233.954,307,000 net tone-miles. This was a reduction of 51,308,415.- 000 net ton-miles, or 18 per cent un der the corresponding period in 1930, and a reduction of 91,514,334,000 net ton-miles or 26.1 per cent under the same period In 1929. Railroads of the Eastern district for the first eight months of 1931 reported a reduction of 17.9 per cent in the volume of freight traffic handled com pared with the same period in 1930, | while the Southern district reported a decrease of 17.8 per cent. The West ern district reported a d ecrea9e of 18.2 per cent. For the month of August freight traffic handled by the class 1 railroads amounted to 29,347,925,000 net ton miles. Compared with August, 1930. i this was a reduction of 8.074 682.000 net ton-miles, or 21.6 per and a reduction of 15,602,323,000 net ton miles or 34.7 per cent under August, 1929. In the Eastern district the volume of freight traffic handled in August vfas a reduction of 19.3 per cent com pared with the same month lp 1930, while the Southern district reported a decrease of 19.9 per cent. The West ern distrle* reported a decrease of 24.8 per cent. POTATO MARKET. CHICAGO, October 16 OP) (United States Department of Agriculture).— Potatoes —Receipts, 110 cars; cn track, 245; total United States shipments, j 1.058; market about steady, trading j rather slow ; sacked, per cwt.; Wiscon sin round whites, 75a85, few 90; Min nesota-North Dakota Irish Cobblers, 80a90; Red River Ohio's, 85a95; Idaho Russets, No. 1, 1.25a1.60; commercials, 1.05a1.10. As th° result of stepping on a rusty nail. John G. Watson difed at Slough, England, from tetanus. i * Distributor Wanted A Virginia corporation desires a distributor for high class product for the District of Columbia. Deal will require a man of ability and financially responsible. Address Box 199-K. Star Office ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. and Indiana Ave. N.W. 67th Series of Stock Now Open for Subscription 5% INTEREST PAID ON STOCK James E Connelly, James F. Shea. President Secretary Money to Loan Secured by first deed of trait on real eatata. Prrvalllnf Interest and commission. Joseph I. Weller rBEHERIScAR?] s y We Never Offer Any 4 * * ► Used Cars But “Better 4 * y Used Cars” 4 * 11 MOTT MOTORS, Inc. < j < ► 1520 14th St. N.W. < > i J Dec. 4341 * ► Equitable Co-Operative Bldg. Assn Organized 18*9 Slst YEAR COMPLETED JOHN JOY EDSOX, President WALTER S. PRATT, Jr., Secretary , Subscriptions for the 101st Issue of Stock Being Received ij . t - I ”( If you contemplate T /'"'V A XT the purchase of a home, L i x"\ I. i| pJ refinancing present in- ON RFAI FSTATF debtedness or im P rov ‘ WIN K-ErtL EDI A IC, ing property, consult OR TO TAKE UP us. Applications will MORTGAGE receive prompt and courteous attention. Loans Repayable Monthly iNo Brokerage . . . Ao Commissions 915 F ST. N.W. S A HE FIRST M O R T C. A G F. S SAFETY FIRST ®is experienced in our 6% FIRST MORTGAGES because the improved Washington real estate upon which the loan has been made was carefully appraised according to our experienced judg- Qrcr a 'third ment—and although the 0% return of a is very liberal, you can depend upon Century it remaining unchanged throughout Without a the 11 fe of thc mortgage. May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.W. A-17 REAL ESTATE LOANS 1 Mads at Law Interest R«f„ TYLER & RUTHERFORD f .dSliSints'SSStef.im'KSM! I fsr*r on well located I for S. 5 or 10 rears. If »• I 1520 K St. N.W. National #475 I I HSS T HUNDLEY TIRES Liberal 'Allowance •« Y *ue Old #4l6\ 14th »T.>N.W. ADAM* 1100 Aeeounts The Citizens’ Building & Loan Association of Montgomery County, Ine. Authorized Capital, $5,660,000 We Pay 8% Compound Semi-Annually First Mortgage Loony Only 8417 Georgia Ave. Silver Spring, Md. Phone Shepherd 3187 jrnmmmmmmm- i Invest Your Savings in ;5t These Profitable First Mortgage | Securities j YIELD They are sponsored jg _ and guaranteed by jj| £ /vy this corporation as |j| ■ ’/oQ safe and sound in- ji| " sJ vestments. Denominations at low at SIOO g Monthly Payments it Desired Send for Booklet, “The Success Plan ’* REAL ESTATE MORTGAGE & GUARANTY flf CORPORATION 1610 K St. N.W. National 1403 r |WE PAY INTEREST j D. C. Property LOANS j | On Advantageous Terms Loans for re-finanrint. or rurcha»inc D. C. property | at «•> interevl ... no re- ||'j ne«il« ... no rnmmixioni !!i rhareed. I.et ua explain in li detail. ♦ ♦ ♦ Open Daily 9 to S Saturdayt Until Noon NAtional 1381 j i mjj OH| SUPERVISION OF U S.TRSASURyM