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A-14 * RECENT PRICE GAIN CHEERS OIL TRADE Mid-Continent Operators See Hope for Industry in Higher Quotations. DA!.I.AK Trx, November 5 In creased price* pouted for crude oil throughout the mid-continent area byj major purchasers have di*pelled the j gloom in * hlch the Industry had groped for many months One justiflration for the Increase* aas >he confidence oil men derived from i the evident determination of Oov. Ross | H Sterling of Tens to maintain order Indeflnlteiv In the East. Texas Field with martial law. to Insure the immu nity of prorat lon plans from legal at tack*, He also Indicated he would take steps to halt unnecessary drilling in the \ast East Texas area Hollar Oil’* Talk. Otl men were beginning to talk of the return of "dollar oil" to the market with more assurance of fulfillment, a* several purchasers posted prices rang ing as higa as 86 cents per barrel The Magpolla Petroleum Co led the way In Texas, posting a ] 5-rout Increase Mon day In all Texas fields excepting Darst Creek where the price was raised 8 cents to BO cents per barrel at the wells. Magnolia price* In Oklahoma fields likewise were boosted 15 rents per barrel Magnolia's top was 83 cent* per barrel in East Texas and several other fields That action was followed quickly by the Texas Co, Rumble Otl <Sc Refining Co. and the Gu]f Pipeline Co The Texas Co posteef a price of 86 cents • for best grades of Oulf Coast crude. Oov. Sterling last, week asserted he Intended to place production proration In East Texas on an acreage basis, rather than the present well basis of 150 barrels daily, as soon as an equit able acreage basis could be devised The Texas Oil At Oas Conservation Association recommended an acreage basis of four barrels per acre dally for East Texas and the Governor granted a hearing yesterday at Austin for a group of East Texas producers protest ing adoption of such a method. Attack 6n Proration. Still unsettled, however, was the Brock-Lee Oil Co.’s attack upon pro ration regulation of Its East Texas wells. The company obtained a tem porary Injunction October 13 from Federal Judge Randolph Bryant, at Ty)*y\ restraining military author,ties In the East Texas field, the Texas Rail road Commission or the Texas attorney general from enforcing proratlon rules against the company's wells. The Texas Railroad Commission had Just issued a modified order, reducing the pre-well allowable from 185 barrels dally to 165. Oov. Storing quicky In corporated this into a new martial law’ order and directed Brig, Gen. Jacob F. Welters, commandant In the field, not to obey orders from any one but the executive Judge Bryant cited Oen. Wolters for contempt and set the hearing for Oc tober 29 at Beaumont, before a three judge Federal court, when the Brock- Lee Co’s plea for a permanent Injunc tion also was set for argument. Post ponement was granted, however, until January 4, when both cases will be heard by the three-judge tribunal at Tyler. Oov. Sterling again modified the mar tial law orders, reducing the per-well allowable to 150 barrels dally, to keep the field within the unofficial limit of 400,000 barrels daily regarded by Rail road Commission members as the proper maximum to prevent waste of the field’s resources. Drilling Rapid. Oen. Wolters proceeded with the work of putting this Into effect and Judge Bryant said no further action would be taken regarding the contempt citation before the hearing at Tyler January 4. Reports showed there were more than 2.700 wells In the field and drilling continued at a rapid rate. LOANS SHOW SLUMP IN CHICAGO AREA Federal Reserve Board Reports for September and Early October. SpcoUl Dispatch to The Star. CHICAGO. November s.—Total loans ; and investments of reporting member banks in the seventh district on Octo ber 14 showed a drop of 117 millions from the amount reported September 16 and one of 443 millions from Octo ber 15. 1930. The decrease from September 16 was an outgrowth of de clines of approximately 50 million dol lars in loans on securities and in "all other" < commercial > loans, while In vestment holdings declined 15 millions Loans on securities as of October 14 were nearly 300 millions less than a year ago and "all other” loans about 230 millions smaller: Investments ag gregated approximately 80 million dol lars above the level on October 15. 1930. Net demand and time deposits were In lower volume than a month previous or last year. "QUALITY COTTON" URGED BY MARKETING GROUP Fy the Associated Press. NEW ORLEANS. La., November 5 The prospect of sham curtailment of cotton acreage in the South next vear j as a price stimulant has brought about a new movement for quality cotton " Officials of the American Cotton Co operative Association and United States Department of Agriculture experts have | announced plans for an Intensive drive : to better the product in the Southeast- j era States. The movement has already been started in Texas and Louisiana and the | experts have outlined the plan for Mis- I sissippi at a conference in Jackson. ' Other conferences are planned at the State universities of Georgia and Ala bama and In th ’ cotton growing sec tion* of the Carolinas. Th’ program contemplated is a one 1 variety project designed to establish a certain cotton staple in a certain sec- i ;ion and to maintain its production there year after year by pure seed and standardisation in ginning to prevent mixing staple lengths. MARYLAND BANINS BUY $3,800,000 CREDIT NOTES Special Dispatch to The Star BALTIMORE. November s.—Mary land banks already have subscribed more than $3,660,000 to geld notes of the National Credit Corporation and additional subscriptions, which are ex pected within the next few days will bring the total to more than $5,000,000. according to Charles E Rieman. chair man of the Loan Committee of the Maryland unit and State organiser of the group The Lor’ Committee which was se lected so *lng a gathering of bank I representatives from all parts of the State, has been organised and Is now functioning Thus far there have been no calls upon the Credit Association bv Maryland institutions for funds. Mr. 1 ' suastan said. 4 FINAN C I A I . i ‘ NEW YORK STOCK EXCHANGE ■eeeived by Private Wire Direct to The Star Office. n .. . . Mr i <Continued From Page 13.> test »t<xk and Bale* Wet. Itlch Low Dlv;<ie-4 Rat* Add 00 Ht«h Lew Clow Chge 90'4 26 Nor Amert blo%*tk) 79 414 404 40*4 x 4 *6*» 194 Northern Pacific S. 22 24>* 23’-* 24 * *9 j Iv, v* Norwalk 3 11 1 194 «H Ohio Otl *3 94 9'* 94 - S 1 Oliver Farm Equip.. 4 24 2 24 + 4 584 20'. Otis Elevator (2 4).. 6 26*t 26* 26*. 4- H 16*4 3H Otl* Steel 3 4% 44 4* $4% 21e«% Pacific Oa* AEI <2). 4 374 37V, 374 —a, film 35 Pacific Lighting < I). 14 45'4 444 454 ■* IS. 264 94 Pacific Mill* 200* 11 11 11 ]l4 4 Tackard Motor <4OO 2050* s'. &’» 4 4 60*4 lOh P»r»ml-P(ml42Hpi 107 164 154 164 —*4 2*4 ’4 Park Utah 6 IS IS IS 2’* S Pa th* Exchange. ... 2 1 T 4 4 84 2*4 Patha Exchange (A) 1 3’, 34 34 4 154 4>4 Patino Mine* 2 74 74 TV* 4fiv» 22 Penlck A Fordttm) 7 284 2* 284 + >4 44*. 2Rt4 Penney <J Cl «2 40 >. 9 35*« 85 35 - 14 5'4 1 Penn Dixie Cement., 1 I'4 IS IS —*4 64 294 penna Railroad <2 >. . 27 31*. 30*. ** 924 184 I’ere Marquette pr l>f 130* 204 20', 204 104 44 Petm C r >rp of Ami)) 61 76% 6S 4 25% 614 Phelp* Dodge Co. .. • 13 84 8 84 *4: 664 43 Phi Hi Ce s4fc pf <3>. . 1 44 44 44 12'4 SH Ph Ila A Head In* CA I 8 S'* 44 44 - 4 14>4 11 Philllpa-Jone* C 0... 1 13*. 13*. 134 - >■» I 12*. 9 Philip MorrteACoO) 1 US IIS 11S 4 4 lfiS 44 Phillip* petroleum.. 79 8S 7*4 74 '4, 104 4*4 Phoenix Hosiery.... 10* 77 7 424 I I*4 S Pierce Oil 4 >4 4 4 8*» Pierce Petroleum.... 14 IS IS IS l4 ! 37 204 PHUbury Flour <2).. 10 264 25 264 +2 j 284 6 Pltte Coal 3 77 7 13S 3 Poor ACo <B) 2 5*4 64 54 44 I 2t 2 Port Rlc Am Tob(A). 4 5 44 5 4- 4 j 39‘4 B<4 Postal TelACable pf. 2 11 11 11 4- 4 204 5*4 Prairie Oil A 0a5.... 27 9*4 84 8S —4 j 26*4 7H Prairie Pipe Line.... 12 11 lOS 104 4 47S B*4 Pressed Steel Car pf. 1 134 134 134 m 7m 39S Proct A Gamt '2.40) IS 48*4 48S 48** 964 61 T . Public Svc NJ<3 40). 23 654 64 64 -*4 1024 87 Public Svo NJ pf <5) 5 87*4 87 874 -H 1 1204 97 Public Svc NJ pf <«> 1 1024 1024 1024 4 4 j 139*. 1124 Public Bvc N J pf<7) 3 115 1144 1144 -3 160'i 134*4 Public Svc N J pf(8) 1 139 139 139 4 3 58'* 22 Pullman Corp < 3)... 1650a 27*. 27 27 *4 2 *4 Punta Alegre Sugar. 14/ 4 4 114 5 Pure Oil 28 74 74 74 4V* 554 12*4 Purity Hai.erie* (2) ■ 27 164 164 164 4 4 274 10*4 Radio Corp 124 134 13 134 564 434 Radio Corp pf A3 4 . 2 45 46 45 60 254 RadloCorp (B) (6).. 12 354 34'* 34**4 4 244 6*4 KadJo-.Kelth-Orph A 298 64 54 64 4 294 94 Raybestos Man(1.80) 2 12 12 12 4 304 34 Real Silk Hosiery... 5 3>, 34 34 194 4 Hemlngton-P.and.... 11 4*« 44 44 —Vi 104 3 Reo Motor Car(4oc). 6 44 44 44 264 54 Republic Steel 14 74 7 74 + 4 64 15 Republic Steel pf.... 8 17 164 164 644 354 Reynolds Tob B (I).. 23 40 394 394 64 4 Richfield Oil 2 1 4 4 - 4 10V* 24 Rio Grande Oil 5 3 24 3 26 9 Roasla lnsur <2.20). 2 114 104 104 -1 424 134 Royal Dtch(m2 27»9) 21 184 174 174 - 4 694 384 Safeway Store* (5).. 21 53 4 52 524 4 974 75 Safeway Stra pf <6). 10a 794 794 794 4 1084 89 Safeway Strs pf <7). 60a 89V* 89 89 304 94 St Joseph Lead tl).. 14 14 13 134 + 4 624 64 StL-San Francisco.. 12 94 9 9 —4 76 74 StL-San Fran pf(6). 7 13 124 13 -4 20V* 5 Savage Arms. ..... . 16 6 6+4 66 40 Schulte Stores pf <*) 20a 40 40 40 51 384 Scott Paper (11.40). 200* 45 424 46 +2 14 4 Seaboard Air Line.. 3 4 4 4 24 4 Seaboard Air Line pf 14 4 4 204 64 Seaboard Oil 17 94 94 94 —Vi 11 34 Scagrave (40c) 9 64 5*4 54 -f 4 68 4 31 Sears Roebuck (2 Vi). 165 474 464 464 + 4 64 14 Second Natl Inv 4 24 2V* 24 14 4 Seneca Copper 6 4 4 4 + V* 114 34 Serve! Inc 48 64 6 5 4 294 It S hut tuck (FG) (tl 4) 12 16 144 144 - 4 16V* 34 Shell Unton OH 158 64 64 64 + 4 78 234 Shell Union Oil pf... 4 34 33 34 +l4 234 84 Simmons Co 9 134 124 124 -4 11 44 Simms Petroleum... 43 64 54 64 +1 154 64 Sinclair Consol Oil.. 147 84 74 8 —4 124 34 Skelly OH 6 54 54 64 —Vi 62 10 Skelly Oil pf 1 22 22 22 +2 21 124 Socony-Vacuum (1). 65 164 14** 14** Vi 95 494 Solv Am pf ww(sVi) 1 564 564 564 +l4 174 7 South Port Rico Sug 13 114 104 114 + 4 1124 87 Sou P Rico Sug pf (8) 30s 96 96 96 644 284 SouthnCal Ed (2)... 6 354 36 364 + Vi 1094 45 Southn Pacific (6)... 22 504 494 494 -14 664 144 Southern Rwy (ml), 16 16 15V* 154 Vi 83 24 Southern Ry pf <5).. 125 V, 254 254 4 134 34 Sparks Withing U).. 2 44 4 44 + 4 164 9 Spencer Kellogt 80c). -2 124 124 124 4 334 18 Spicer Mfgpf (3)... 1 184'18V* 184-4 20V* 124 Stand Btands <1.20). 57 16 154 154 + 4 4 2 Stand Cornel Tobacco 12 2 2 884 294 Stand GasAEl <3Vi). 39 414 404 404 1094 75 Stand GasAEl pf (7). 1 85 85 85 +34 514 284 Stand Oil Cal <h2 Vi). 43 35 4 344 35 -Vi 106 884 Stand Oil Exp pf (5). 3 95 94V* 95 19 BV* Stand Oil of Kansas. 7 12 114 114 4 4 62 4 284 Stand Oil NJ (t 2)... 108 364 354 364 -4 40 21 Sterling Sec cv pf (3) 1 224 224 224 + 4 214 44 Stewart Warner.... 3 74 7V* 74 4 644 134 StoneA Webster (m 2). 18 19*. 184 184 —Vi 26 9 Studebaker Cot 1.20) 31 134 124 13 +4 454 264 Sun Otl (1) 1 324 324 324 + 4 1044 89 Sun Oil pf (6) 10a 90 90 90 404 19 Superheater (2 Vi)..- 2 194 194 194- I CORPORATION REPORTS TRENDS AND PROSPECTS OP LEADING ORGANIZATIONS. NEW YORK, November s—The fol lowing is a summary of important cor poration news prepared by Standard Statistics Co.. Inc., New York, for the Associated Press. The Companies. Dexter Co. common share earnings, ! nine months to September 30, 72 cents, ! vs. $1.73. Duluth, South Shore A Atlantic Rail way deficit, nine months to September 30. $806,051, vs. deficit $576,566. Ford Motor, Ltd. Belgium affiliate nine months' sales up 14 per cent. Libbey-Owen-Ford Glass deficit, nine months to September 30. $154,503. Mack Truck deficit, nine months to September 30. $258,765. vs. net income $2,384,875, equal to $3.09 a common share Pullman, Inc September gross of Pullman Co. subsidiary, off 16 3 per cent: net after taxes, up 12 1 per cent; nine months’ gross off 17.7 per cent; net off 43 9 per cent. Dome Mines. Ltd —October produc tion valued at $285,733 vs. $286,340 in I September and 302.719 in August. National Radiator deficit 12 months | to September 30. $1,498,401. Packard Electric has obtained con tracts from Buiclc Motor and H. H. , Franklin Manufacturing for cable re quirements for first half 1932. Pathe Exchange deficit 35 1-3 weeks to October 3. $198,442. Railway & Light securities' liquida tion value September 30. $23.73 a i common share vs. $45 22 December 31, 1 1930 Spicer Manufacturing deficit nine months to September 30. $410,628 vs. net income before Federal taxes. *324 - j 274, equal to 28 cents a common share. Thermoid Co. $7 preferred share earnings nine months to September 30. $2 22. before Federal taxes, vs $10.95. United States Steel—lngot produc ’ tion of plants averaging about 32' 2 per cent of capacity vs. slightly under 31 ; per cent in two preceding weeks and i 52 per cent a year ago. Willy* Overland Co. net income be fore Federal taxes, nine months to September 30. $120,463. equal to 95 cents a preferred share, vs. deficit $2 429.493. Woolworth ' F W > Co. October sales off 1 per cent. 10 months, off 0 8 per cent; September sales declined 2.7 per California Packing cuts salaries \nd wages 10 per cent; plant workers un affected. Columbia Pictures—Entire 1931-32 productions to be exhibited by Warner Bros. Pictures chain. Continental Diamond Fibre deficit, nine months to September 30. $88,984 vs. net income. $467,170, equal to 93 cents a common share U. S Steel —Working force increased by 3.500 at Edgar Thomson mill. American Water Works A Elec, common share earnings. 12 months to September 30. $2 68 vs. $3 58. Brillo Mfg. common share earnings, nine months to September 30. 1121 vs. 67 cents. Chesapeake Corp. common share earning*, nine months to September 30. s2irs vs $2 62 Havana Electric Ry. deficit before de THE EVENING STAR. WASHINGTON, ]>. C„ TUTUS PAY, N'QVKMRKR 5. ]. i*Ji . Stock and Sale* - *♦* Hlgt- Low Dividend Rate. Add 00 H*h Low Clo»* Chee ! 14 4 Superior Oil 2 4 4 4 4 184 3*« Superior Steel 1 8 8 8 94 24 Tennessee Corna. ... 2 34 34 34 I 364 15 Texas Corp (2) 3<k 204 204 204 4 65*. 204 Tex Oulf Sulphurf 3) 75 .704 284 29‘. 4 64 24 Tex Pacific CoalAOil .3 .34 34 34 - 4 174 44 Tex Pacific Land Tr. 28 7 4 6 4 7 4 4 9 2 154 54 Third Avenue 1 B** 8«, B** 4 27 13 Third Nat lnv<mssc) 2 16 16 16 4 18 BS Thompson Prod 1 20. 12 84 8 B’* 4 9 34 Tide Water Aftao Otl. 24 44 44 44 - 4 68 2<*4 Tide Water As pf(*> 4 30', 294 304 1 4 12 4 Tlmken-Detrolf Axle 3 54 54 54 ‘ 4 69 194 Timken Roller B<2). 42 234 22 224 4 44 14 Tobacco Product*. .. 10 84 : ■ 14 7 Tobacco Prod A 195 c 3 84 84 84 4 18 34 Transamerlca Corp.. 12 34 3*. 34 4 114 3 Trl-Contl Corp 5 44 4*» 44 944 51 Trl-Contl Corp pf <€) 1 704 704 ’704 24 45S 244 Trico Products! 2 4). 7 294 28'* 294 -14 1 24 74 Triiscon Steel i<oc). 1 74 74 74 + V* 214 24 L’len&Co 6 34 34 34 764 244 Under Ell Fisher (4). 8 30 284 294 *24 144 64 ( nlon Bag A Paper. . 1 1", 104 104 I 72 27V* Union Carb A(2 «0). 70 374 364 37 + 4 264 114 Union Oil of Cal (2). 10 164 16 16-4 2054 984 Union Pacific <lo>.. 6 105 104 104 -2 254 184 Un Tank Car (1,60).. 2 19 164 %19 384 124 Unit Aircraft 61 164 16 164 4 414 24 Unit Blacutt <2).... 11 274 27 27'i +1 11 5 Unit Business Pub. . 20s 5 5 5 | 284 6 4 Unit Carbon 43 184 16 17 +1 74 14 Unit Cigar Store*. .. 6 2 14 2 +Vi j 76 27 Unit Cgr Strs pf (6). 2 304 294 29' j +24 ; 314 104 Unit Corp 175 c) 7710 s 144 14 14-4 524 364 Unit Corp pf (»).... 8 404 404 404 4 674 284 Unit Fruit (4) 8 334 324 324 + 4 374 19*4 Unit GasAlmt 1.20).. 48 234 234 23** - 4 1064 954 Unit GasAlm pf(s).. 197 v« 974 97V* - 4 124 14 USA Forn S«cur.... 8 54 54 54 + 4 50 214 USGypsum (1.60).. 3 274 27 27 ] 124 4 US Hoffman 3 5 5 5 774 204 U S lndu* Alcohol... 61 324 314 314 -4 104 24 U S Leather 2 44 44 44 , 154 4V, U S Leather (A) 2 64 64 64 4 14 37'* 11 U S Pipe A Fdry (2). 7 16 154 154 - 4 364 9 U S Realty A Imp. ... 5 114 114 114 + V'* 204 54 U S Rubber 1 74 7'* 74 + V* 364 94 U S Rubber Ist pf. .. 4 14 124 13 -1 264 124 U S Smtg A Ref (1). 20 194 184 19 + 4 1524 62V* U S Steel Corpn (4).. 227 69V* 674 684. '* 150 114 U S Steel pf (7) 9 1184 1174 118V* + 4 94 Ui United Stores (A). .. 6 3 3 3 -r 4 52 21 United Stores pf (4). 4 314 314 31 s * +l4 674 24 Unlv Pic Ist pf (8).. 20s 39 39 39 -2 31 9 Util PAL(A) et 2 It. 24 134 13V* 134 + 4 2 4 Vadasco Sales Corp.. 1 4 4 4 4 764 13V* Vanadium Corp 36 204 194 194 4 60 22 Van Itaalte Ist pf 70s 414 394 414 34 17 3 Va-Car Chem 6% pf. 2 64 64 54 IV* 109 86 Va ElecAPwr pf (6). 170 594 92V* 93*, 4 714 32 Vulcan Detin (4).... 10s 40 40 40 —l4 97 77*4 Vulcan Detln pf (7). 10s 81 81 81 26 64 Wabash RR 2 74 74 74 + 4 274 174 Waldorf Sys (14).. 2 21 204 204 —4 27 4 6V* Ward Baking (A). .. 2 15 15 15 + 3*, 84 2 Ward Baking (8)... 3 34 34 34 -4 574 24 Ward Baking pf (7). 3 50 50 60 204 44 Warn Bros Pictures. 52 7 64 64 4 464 5 Warren Bros 48 8 4 7 4 8 +4 494 15 Warren Bros cv pf 3. 460 s2l 18V* 20 -r2 264 124 Wesson OllASnot2). 5 174 164 164 4 f>74 444 Wesson OASno pf (4) 1 504 501, 504 +l4 103 61 West Ta El pf (6)... 10s 70 70 70 -5 112 65 West Pa El pf (7)... 10s 864 864 864 -14 120 1004 West Pa Pwr pf (7). 60s 109 1084 109 +Vi 124 4 Western Dairy (B).. 14 4 4 194 54 Western Maryland.. 5 B*4 8 8 —4 314 64 Western Pacific pf... 19 9 9 1504 76 Western Union (6).. 31 80 76 76 -34 36'* 16 Westinghse AB( 2).. 2 19 184 184 1074 394 VVestinghouse (2V4). 73 484 47 474 + 4 1194 754 Wsthse EM Ist m>% 10s 80v* 804 804 -34 28 6V* Weston Elec lnstru.. 1 10 10 10 + 4 40 84 Westvaco Chlor 1.60. 17 134 124 134 + 4 70 36 Wheeling Steel pf 3). 1 38 38 38 —2 264 74 White Motors 9 124 12 124 +Vi 6 IV* White Sewing Mach. 12 2 2 94 3 Wilcox Oil A Gas.... 15 5 5 30 184 Wilcox Rich A (24). 2 23', 234 234 4 8 14 Willys-Overland.... 25 3 4 3 3 56Vi 144 Willys-Overland pf., 10 25 25 25 34 4 Wilson A Co 3 1 11 104 14 Wilson ACo (A).... 1 2V, 2'j 24 514 15 Wilson ACo pf 1 22 22 22 +l4 724 424 Woolworth <t4.40).. 32 55V* 534 534 4 1064 20 Worthington Pump.. 27 294 274 28 —V* 804 504 Wrlgiey (Wm) (4).. 13 68 67 67 - 4 154 34 Yellow Truck 22 5 4 4 4 5 +Vi 76 17V, Yellow Truck A C pf. 20s 32 30 32 +2 29 13 Young SprAWire(2). 2 14 14 14 +1 78 19 Ygstwn SheetATube. 1 214 214 214 4 14 7 Zonlte Prod Corp (1) 25 8 4 8 84 4 RIGHTS—EXPIRE. 1 4EIPw A Lt. Nov. 10. 36 1 4 4 4 44 34 Peop GLA C. Jan 15 1 44 44 4'* + 4 Sales of Stocks on New York Exchance. 10:30 A.M 300,000 12:00 Noon 900 000 1:30 P.M 1.100.000 2:10 P.M 1,300 000 Dividend rates as given In the above table are tn* aanaaj cash payments based on the latest quarterly or half-yearly declara ttons. xßx-(Rvidend »Les* than 100 shares (Partly extra. tPJus 4% In stock. TPius 9% In stock a Paid last year—no regular rate, b payable in stock e Payable in cash or stock, f Plus 6% tn stock, h Plus 1% In stock. J Plus JOc in special preferred stock g Plus i stock? OP’5. 24%*1n n Plua 6 * 10 preciation nine months to September 30 $331,512, vs. net income before de preciation $195,351. Houston Oil of Texas preferred share earnings nine months to September 30 14 cents, vs. $3.65 adjusted for stock split and 10 per cent stock dividend. McCrory Stores October sales up 7.6 per cent, 10 months up 0.4 per cent Noranda Mines, Ltd, common share earnings nine months to September 30 $1.07. Panhandle Pr.iducing & Refg deficit nine months to September 30 $388,874, vs deficit $247, Pierce-Arrow Motor Car third quar ter unit sales 597, nine months. 3.584. Sharp A Dohme. Inc., common share earnings nine months to September 30 21 cents, vs. 46 cents. Atlas Stores deficit, six months to September 30, $233,878. vs. net income $129,640, equal to 18 cents a common share. American Rolling Mill deficit, nine months to September 30, $1,200,219, vs. net income $1,692,905, equal to SI.OB a common share. Coca Cola International common share earnings, nine months to September 30, $10.90. vs. $7 93. Pacific Telephone & Telegraph com mon share earnings, nine months to September 30, $6. vs. $5.06. Remington Rand deficit, six months to September 30, $1,545,269, vs. net in come $1,113,451, equal to 36 cents a common share. Studebaket* Corporation third-quarter unit sales. 10.587; nine months. 44.377. WASHINGTON STOCK EXCHANGE QUOTATIONS AND DAY’S SALES SALES. Potomac Electric 54% pfd.—s at 1074. 4 at 1074. 1 at 1074. AFTER CALL. Washington Gas Ss "B SSOO at 102' 4 . Columbia Sand & Gravel pfd.—lo at 90. 10 at 90, 10 at 90, 10 at 90, 10 at 90, 1 at 90. Bid and Asked Prices. BONDS. PUBLIC UTILITY Bid. Asked. Amfr Tel & Tel. 44s '39 116 1 j . Am Tel. & Tel ctl tr 5s 192 Anacostla A Pot R. R it 65 70 An* .A Pot Guar 5s 90 95 C. A- P Tel Os Va 5s 101 105 i Capital TT»ction R R 5s 71 75 i City A Suburban 5s 65 70 i Georgetown Gas Ist 5s 101 103 Potomac Elec. Cons 54 1014 103 ; Potomac Elec 6s 1953 107 Wash.. Alex. A Mt Vernon ctf 2 Washington Gas 44s 97 99 Washington Gas 5s 100 102 Wash. Gas 6s. series A 100 101 ' Wash. Gas 6s. series B 102 104 Wash Ear. A Elec 4s 85 86 , MISCELLANEOUS. Barber & Ross Inc . «'*s 70 Chevr Chase Club 54s 100 Columbia Country Club 545. 100 103 D. C Paper Mf* 6s 25 40 ;W M Cold Storage 5s 94 ..... STOCKS. . PUBLIC UTILITY Amer Tel. A TeL '»> 139', . Capital Traction Co. i4* 24 26 Wash Gas Light Co 48' 110 > N A W Steamboat 412• . 165 210 Pot Elec Power pfd .. ,110 4 112 Pot Elec Power J4'> Pfd 107 108 Waah Rwy. A El. com. <7>.... 420 . j Wash. Rwy. A EX. pfd (5) 94 95 4 NATIONAL BANK. t Capital <l4> ITS 250 r Columbia 1 1J>......... 375 425 Commercial (stamped. 40». 183 200 ‘District 18> 196 21« - Fed -Amei. Natl. Bk & Tr i 2). 434 50 j West Virginia Bank Closed. RIPLEY. W. Va.. November 5 UP). — ; The First National Bank of Ripley ' closed today. A notice said recent j heavy withdrawals prompted the board : of directors to close the institution to conserve its assets. September 29 the bank reported resources of $722,835.76. deposits of $591,718.59 and capital l stock of $70,000. The Bank of Ripley, a State instttu tion, closed yesterday. WHOLESALE PRICES. By the Associated Press. Wholesale selling prices remained un changed last week, as their trend was measured by the Commerce Depart ment. In the index that follows the average level is given for comparable periods, based on representing 1926 prices as 100. In addition, the selling price of a ton of composite steel prod ucts is given for like periods: All commodities. Steel. Week ended Oct. 31.. 68.5 $30.68 j Previous week 68.5 30.76 Same week last year.. 82.7 32.06 • SILVER QUOTATIONS. NEW YORK. November 5 (.-Pi.—Bar ! silver strong and 1> 2 higher at 32 3 * on heavy purchases by speculators. I Liberty «7*> 190 210 Lincoln 12 400 440 Metropolitan <l4 > 275 310 i Rises <lssi 350 360 ! Second '9e> 165 210 Washington 113 > 180 220 TITLE INSURANCE. Columbia <6h> 2 10’x Real Estate '6h> I*s 160 TRUST' COMPANY | Amer Sec & Tr Co. < 15* 299 315 Continental Trust <6t ... I*s Natl Saw A Tr. U3J I 375 400 Prtnce Oeoraes Bk & Tr. <S' 28 40 Union Trust (Bs>. 193 220 Wash. Loan A Tr. < 14> *OO 4*o SAVINGS BANK Bank of Beihesda <6{ '■... 55 60 Com A Savings tlO> 325 East Washington «12 >. 20 35 Potomac ilo> ‘5 Sec Sav A Com Bk. il7) *35 500 Seventh Street U2>. 280 .. i United States «30* • 530 630 Wash. Mechanics <2o> 50 60 FIRE INSURANCE American (!2> 280 ..... Corcoran (101 . 150 ..... j Firemen's <B' 30 *5 National Union <131... 15 20 MISCELLANEOUS. j Col. Medical Bldg Corp <6> . 90 105 Col Sand & Gravel pfd e7>. 89 9. i D C. Paper Mfg pfd * Dist Natl Sec pfd • «« ‘J Emer. Bromo-Selt -A'’ (2)... 23 * 3 jj Federal Btorage pfd '6‘ .... 100 110 Fed -Am Co. com. M2of> . 19 22 Fed-Am Co pfd (#• ... ?* ?8 Lanston Monotype 3 *o Mer. Tr A Stge com. * 10>...... 95 102 i Mer Tr A- St«e. pfd (7). ... 85 90 1 Merg-nthaler Linotype i6> 6* 3 « »>6 .Natl Mtge A Inv. pfd <B> . . * ’ Vj Peoples Drug Stores pfd '6'z' 90 Real Est M A G. pfd. tß> «'* , Security Storage i*e> 100 105 j Ter Ref A Wh Corp. (3). . • * 3 5° The Carpel Corp. (21 MJ* 30 W Mech. Mtge com <«* * * i n i'* W#ah Med Bldg. Corp <7>.. 90 105 Woodward A Lothrop com. (1 20• 30 ** Woodward A Lothrop pfd. (7).. 10< 113 •Ex. dividend, s2T- extra bßooks closed. yj 1 3 % extra. n2sc extra. sl"r extra fJOc extra. h* extra. *l7- extra 15% extra, elextra. ADVANCE IN BOND MARKET CONTINUES Junior Issues Favored by Investors —Buying Demand Is Steady. BY r. H. RICHARDSON. ' Special Dispatch to The Bfar # NEW' YORK. November s.—Bends j continued their advance today. lm i proving about a point on the average ! In the junior issues and somewhat less in the high-grade group. The advance of the bo*d market, which has now been in progress for four market sessions, has brought the aver age level of the market back to where it was in the third week of October. I The significant phase of the improve ment is that trading is running about 25 to 40 per cent above that of a vear ago and considerably above the volume dealt in during the worst days of the September. 1931. decline. Virtually all dealers today reported a substantial underlying demand Insurance com panies were reported bidding for sec ond-grade rail and industrial issues— bonds that are currently selling at a 5.50 to 6 per cent yield basis. The foreign department also was stronger with the exception of the Japanese group. The continued up swing of commodity prices has induced extensive buying of obligations of Ar gentina. Australia. Canada. Sweden. Norway, Denmark. Cuba and many other countries whose trade balances, and consequently their credit as rated by open market prices of their bonds, are dependent directly on commodity prices. Argentine 6s advanced 3 to 4 points to their best levels on the recovery. Canada 4s sold 2 and 3 points above their recent lows. Australian descrip tions rose sharply, reflecting improve ment in wheat ano wool prices. Danish government obligations beenfited from the Arming of, dairy product prices. Cubas mirrored sugar quotations. Japa nese government e' 2 s dipped a point, followed by the entire Japanese group of dollar bonds, owing to the crisis in Manchuria. Bonds were strong at the opening. Trading was active. The best gains were jn the foreign section, where German government s'is and 7s and German bank bonds were a point higher, with substantial improvement in British s Vis. Austra lian descriptions, Canadian obligations and South American issues. Domestic bonds paralleled an actively higher stock market, with the most in terest centered in industrials, especially the oils. Texas Corporation ss, Royal Dutch 4s, Sinclair 7s, the high-grade Standard Oil group, General Motors Acceptance 6s and Dodge Brothers 6s made gains. United States Govern ment and other prime bonds were firm. OFFERINGS OF CAROLINA TOBACCO ARE SMALL By the Associated Press. FARMVILLE, N. C., November 5 Farmville, Smithfield, Washington and Williamston reported light tobacco, of ferings yesterday, consisting principally of medium to low quality leaf grades. Offerings, however, include a fair per cent of better low quality leaf grades, few cutters and practically no logs. Average prices, as compiled by the Tobacco Market Service of the United States Department of Agriculture, are as follows: Lemon leaf, second quality. $27.70; third, $22.10; fourth. $14.10; fifth, $7.20; sixth. $4.50. • Grange leaf, second quality, $31.40; third, $19.20: fourth, $11.90; fifth, $6.80; sixth. $3.30. Lemon cutters, fourth quality. $21.70. Lemon lugs, quality, $ll.BO. MUTUAL SAVINGS DEPOSITS. BALTIMORE. November 5 (Spe cial).—Deposits in the 12 mutual sav ings banks of Baltimore as of Sep tember 30 totaled $212,323,816, an in crease of $15,594,657 above the same date last year and $23,130,206 above September 30. 1929. according to figures just issued by the Federal Reserve Bank of Richmond. In each of the nine months this year, the report show's, savings deposits registered an increase. INVESTMENT TRUSTS NEW YORK. November 5 oPt.—■Over- the-counter market: Bid. Asked. A B C Tr Shrs D 3% 4 A B C Tr Shrs E 5% 6% Am & Cont Corp 4 6% Am & Gen See A 5 A m<fc Gen Sec B 5c ... .T- Am & Gen Sec U pf 27 Am Br At Con 6'> pf 18 22 Am Comp Tr Shrs 4% 4 7 « Am Fdrs 6'r pf 18 23 Am Fdrs 7 % pf 20 26 Am Fdrs l-70th com lc 4c Am Fdrs cv pf ctfs 32 42 Am Fdrs l-40th com. 2c 7c Am Ins Stocks 1% 2% Assoc-Stand Oil 4*4 5% Atl Sec pf 23'a 28 Atl Sec war.. % 1 Atl A Pac Int units IS- 1 * Atl A Pac com ww *4 1 1 « Atl <& Pac pf war 16 Bankers Nat Inv 16 20 Bansicilla Corp 4 5 Basic Industry 3% 4% British Type Inv 2% 2% Century Tr Shrs 22% 24 Chain A- Gen Equities. 1% 2 Chartered Invest 5% 8 Chartered Inv pf 62 67 Chelsea Exch A ... 1 2 Chelsea Exch B % Vi Cumulative Tr Sh 4% 5% Corporate Tr A A 2 70 2 95 Corporate Trust .. 3% 3' 2 Corporate Tr accum ser 2 70 2 95 Crum A- Foster 19 21 Crum A Fost pf 94 100 Crum A Fost Ins 20 23 Crum A Fost Ins 7'- pf 85 90 Depos Bk Stirs N Y 4% Depos Bk Sh N Y A 3% 4Vi Depos Ins Shes "A 4 4% Diversified Tr A 9% Diversified Tr B 8% Diversified Tr C 3% 3’« Diversified Tr D 5*4 6% 1 Equity Invest 20 23’ 2 I Equity Invest pf 38% 41 I Equity Trust Shrs 3% 3% Five Year Fixed Tr 5 5' 2 Fixed Trust Sh A 9% Fixed Trust Sh B 7 7 Fund Tr Shrs A 4 V » SV» Fund Tr Snrs B 4'. 5% General Equity A 7 Granger Trade 5 Gude Winmill Trad 25 Incorp Investors 21% 23 '2 Incorp Invest Equit 2' 4 3 Independ Tr Shrs 285 3.10 Int Sec Corp Am A 4% Int Sec Corp Am B .05 Int Sec Am 6 s pf 25 Int Sec .Am 6' 2 pf 30 Inv Tr N Y Coll -A" 5% 5% Invest Trustee Sh s*, Leaders of Indust A 4s, Leaders of Indust B 3% 4 Leaders of Indust C 3‘, 3% Low Priced Shrs 4% 51, Major Corp Shrs 3> 4 j% Mass Invest Tr 20 21% Mutual Inv Tr A 4 0 Mutual Manage 2*4 Nation Wide Sec- 41. 4V. Natl Indust Shrs* 3% 4'. Natl Tr Shrs 71.? gi, N. Y Bk Tr Shrs 51, ss, Nor Am Tr Shares 3 35 Northern Secur go 70 Oii Shares units ini- 143. Old Col Inv Tr 3 5 Old Col Trust Assoc 19 21 Petroleum Trad A 8 13 Public Serv Trust 43* 51, Repres Trust Shares ... *o 10% Second Int Sec A ■> Second Int Sec B Sc Sec Int Sec 6'V Ist pf . 20 Secur Corp Gen *6 pf 75 ‘gs Selected Amer Shares 325 775 Selected Income Shares. 4'. Selected Manage Trust 5 Shawmut Bank 5 I-* Spencer Trask Fund .. . jgv, 171. Standard All-Amer Trust 54, gi. Standard Am-t Trust Shares 425 47* Standard CoCat Trust .. A*-. 44' State Street Invest 50 52 Super of Amer Trust A 4., Super of Amer Trust B 4 41" Super of Amer Trust c 71. -fa. Super of Amer Trust D g», 71" Trust Shares of Amer j,T *.* Trustee Stand Inv C 2 70 t o. Trustee Stand Inv t> 2*o 2»5 Trustee Standard Oil A 4. J " Trustee Stand Oil Bh»r»s n *%,’ Trus-eel NYC Bank ?,* 2,* Trusteed Amer Bank Shares as 20th Century Fixed Trust 71, * 4 Two-Year Trust Shares i? ‘ ,Ju. United Fixed Shares av* United Founders l-70«h com * Sc United Ins Shares %, United Bank Trust " Z«: USA Brit Int Ltd A ? USA British Int »3 of ' ,S U S Elec Light A Power A 3 ' 21 '24" U S Elec I sht A S i. *1 Universal True, Blmiee. ~,, -4 | __ * _______________ ON NEW YORK BONDS STOCK EXCHANGE] Received by Private Wire Direct to The Star Office UNITED STATES. |J 1 Sales are tn *l.ooo' '1 Sates Hl«h. Low. 255 I Lib 8V49 J 2-47. 119 100 99 25 100 J L lat 4%a $2-47 20 101 13 101 8 101 13 I L «th 4%s 33-3* 115 101 17 101 12 101 16 I;r8. 8* 1951-5$ 8* 93 2 92 SO 93 1 jUSIHI’Ii 90 94 4 9.7 24 94 4 USiSs 41-48. 25 97 10 97 6 97 10 r 8 8 tie 40-4*. 9 97 6 97 4 97 6 U S SH* 48-47. 4 97 12 97 2 97 12 IT 53% a4* -56. 185 100 14 100 4 TOOK IT S 4* 44-54 . . . 619 102 101 20 101 30 U 8 414* 47-51. 185 106 105 14 106 Sales High. Low 2 5S Abitibi TAP 6s ’SB. 51 ♦5 41* 45*. Ah ASt5 Vi '43 6 92'* 92 92% i 1 Adams Exp 45'41.. 2 72 71 71 .A1 leghany Cp 5s '44 39 49'. 48 49% Allegheny 5»’49. .. 14 41'* 40% 41 i Allegheny 6a'50... 13 38 37% 37% i Am Beet Sun 6s ’35 3 29 29 29 IAmF Pss 2080 25 Si', 61 61% lAm I OCh 5%s ’49, 17 76Mi 75 76', jAm Inti 5%s ’49... 19 76*. 76V 76*. j4m Meta! 6%e'34.. 6 67', 66 , 67% jAm N Gas 6 Bss *43. 6 6% • 8% lAm SAR Ist 6a *47. 1C 99'. 98 9K lAm Sue Hes 65’37. 13 103 102*•» 103 ; Am T.7T cv 4%s 39 72 116 V 115% 116 Am T A T 6s $5... 74 103>» 102% 102% Am TAT c tr 5s ’46. 38 104 103 104 Am TAT 6s s f '60.. 83 103% 102 V. 103% Am TAT s*4s '*.3. .. 47 106% 106 106% Am W Wits 6s '14.. 8 97 96% 96% Am Wat Wks 6s ’75 10 88 87%’ 88 Am Wr Fap 6s ’47.. 1 34% 80% 30% Argentine 55’45... 2 57 57 57 Arrentlne 5%a ’62. 9 56 53% 56 Argentine May '6l. 12 61% 61% 61% . Argentine 6s Ju’s9. 5 62% 62% 62% , Argentine 6s Oc's3. 13 63% 60% 63% Argentina «s B 'SB. 7 62 60% 62 Arm ACo4 %s ’39.. 2 74% 74% 74% Arm Del 6 % s‘-43 ... 10 63 62 63 Atchison gn 4s ’95. 36 91% 91 91% ! Atchls cv 4*4a *48.. 7 101% 101% 101% Atch Arlx 4%5’62. 1 96 96 96 j Atl CL cl 45’52 2 71% 70% 70% Atl C L Ist 45’52.. 6 85', 85% 85% ; At Gulf 55’39 13 45% 45 45% Atl Ref db 55’37. .. 12 97% 96 97% Australia 4 %5'66.. 15 49% 49 49% Australia 6s ’65... 130 55% 54% 55% Australia 5s *67.... 26 56% 55% 56% Austria 75’43 1 93% 93% 93% Austria 7s '67 ctfa. 4 56% 56V* 56v« : BAG 4s’4B 22 88 87 88 ; BAO4 *4 s '32 16 93% 92% 92% BAOcv 4% s '60... 46 69% 68% 68% BA O Ist 55’43.... 1 98% 98', 98% BAOrf 5s '96 3 82 82 82 i BAOSs I) 2000.... 1 81 81 81 ! BAO 65’95 6 95 94% 95 BAOSw dv 6s'so. 12 92 90% *92 Bk Chile 6%5'61. . 16 37% 87 37 Batav Pet 4*4s *42. 10 80 80 80 Belgium 65'55 10 90% 90 90 , Belgium 6*4-8*49... 5 96% 96% 96% , Belgium 7s '65 11 98% 88% 98% [ Belgium 7s ‘56 30 99% 99 99 . Bell Tel Pa 6s B‘4* 26 105% 104% 105 . Bell Tell Pa 5s C’6o 10 105% 105% 105% Berlin Cy El 65‘55. 49 35% 33% 35% , Berlin C E 6%s *SO. 9 39% 37% 39% Beth Stl pm 65’36. 19 98% 97% 98% , Beth Stl rs 5%5’42. 1 100% 100% 100% I Bolivia 7s *SB 9 10% 10 10 , Bolivia 7s *69 12 10 9% 10 . Bolivia 8s ’47 2 14% 14% 14% ! Bordeaux 6s *34.... 1 101% 101% 101% ’ Brazil 6%s *26 6 28% 28% 28% Brazil 6%5*27 12 27% 27% 27% Brazil 7s 4 28 27 28 Brazil 8s *4l 11 32 32 32 Bremen 7s ’35 16 59% 47% 59% Bk Ed gn A6s *49.. 6 104% 104 104 Bklyn Elev 6(45. .. 21 60 47% 50 . Bklyn Man 6s *68..- 27 93 92% 92% Bklyn Un Ist 6s’6o. 36 101% 101 101% Bklyn Un 55*45.... 1 105 105 105 I Budapest 6s *82.... 42 27 25 26 Buenos A 6s’6l Pv. 7 46% 41% 46% , Bush Ter con 6s *66 3 75 75 75 Bush T Bldg 55*60.. 2 90 86 86 ; Buff Gen El 4*4 s’3l 11 99% 99 99 BR A Pitt 4*4 s *57. 1 57 67 57 Canada 4s ’BO 87 82% 82% 82% Canada 6s *52 12 95% 95% 95% Canada 4*4s *36.... 18 94 93% 93% : Can Nat 4*4s 54... 7 84 83% 84 Can Nat Ry 4*4a*66 12 83% 83 83 Can Nat 4*4a*67... 6 83% 83'% 83% Can Nat 4*4s *68... 15 82% 82V* 82% Can Nat 4%s *55... 5 86 86 86 Can Nat Ss July’69. 13 89% 89% 89% Can Nat 6s Oct *69,. 13 89% 8© 89% Can Nat 6s *7O 5 89% 89 89 Can Nor 4*4s *36... 15 92% 91 92% Can Nor 6*4sdb *4s 6 102% 102% 102% Can Nor 7s db *40.. 10 100% 100% 100% Can Pac db 4s 6 71 70% 71 Can Pacific 4*4 s *46 10 80 80 80 Can Pac 4*4s *60... 1 78% 78% 78% Can Pac 5s *44 2 88% 88% 88% Can Pac 6s *64 16 85 84% 86 Car Clin AO 6s *62. 5 102% 101% 101% Cent 111 GAE ss’6l. 12 86 84 84 Cent Pac 4s *49..... 7 85% 85 86% Clint Pac 6s *6O 2 83% 83% 83% Cert-td db s*4s *4B. 19 50 49 50 Ches Corp 6s *47.... 17 84T* 84 84 CA O gen 4*4s *92.i 5 93% 93% 93% CAO 4*458*96.... 3 87% 87% 87% Chi & Alt 3s 11 50 49% 50 CB & Q gen 4s '68.. 4 88% 88 88% C BAQ Ist rs 6s *7l. 4 100 100 100 Chi & Est 111 65*61.. 6 27% 27% 27% Chi Grt West 45*69. 19 65% 55% 55 Chi MASt P4s *B9. 10 62*4 62% 62% Chi M A StP 4*4sC. 6 68 68 68 Chi MAStP 4%s E. 10 67'* 67% 67% C M StPAP 65'76.. 71 40% 38% 38% CMA St P adj 65.. 37 14% 14v* 1414 .. ChiANW 4*4s 2037. 11 56 55 56 CANW 4*4s C 2037. 8 58 55 58 Chi ANW cn 4% s. 57 47% 47 47 ChiANW rs 5s 2037 2 62% 60% 60% Chi &NW 6*45'36.. 1 96 96 96 Chi RI APrf 4s '34 52 80% 79% 80 Chi RI cv 4*4s *6O. 13 56 55 55 Chi RI A P 4*4a *62 1 67% 67% 67% Chi Un Sta 4*45'63. 6 97 97 97 Chi Un St 55'44 3 *9B 98 98 Chi Un Sta 6s 8‘63. 5 102 102 102 Chi Un Sta 6*4s *63 2 112 111 m CA W Ind cn 45*52. 13 71% 70 71% CA W Ind 5*45*62. 12 90 90 90 Chile 6s *6O 21 25 23% 24% Chile 6s *6l 29 24% 23'% 24% Chile 6s *63 15 25V* 25% 25V* Chile 7s *42 3 30 28 30 Chile Cop db 5s *47. 19 67 65% 66 CCC&St L 4*4s E'77 2 79 78 ,77 Clev Term 5s *7B ... 3 101 101 101 Cologne 6*4s *50... 5 36% 35% 36% Colomb 6s Jan'6l.. 37 34% 30% 34 Colomb 6s’6l Oct.. 15 34% 32 34% Colo A Sou 4*45*35. 1 93% 93% 93% Colo A Sou 4 *4S *BO 31 65% 63% 65 Col GAE 6s May*s2 2 89% 89 89% Col GAE-cou 6s '6l. 22 87% 87% 87% CC Md Ist rs ss'so. 3 24% 24% 24% Com Inves s*4s *49. 6 92 92 92 ConGNY 4*45*61.. 86 99% 98% 98% Con GN Y 5*43 *45. 47 105% 105 105 Con Pwr Jap 6*45.. 3 64% 62% 64% Con Pow Japan 7s. 1 74 74 74 Consum Pow 5s '62 10 104 104 104 Copenhag 5s *62... 2 74% 74% 74% Cuba 6*4s ’45 5 45 45 45 Cuba Nor 5*45'42.. 5 28% 28% 28% Csecho 8s 'sl 9 99% 99 99 Czecho 8s '52 3 99% 98% 98% Del A Hud rs 4s'3*. 20 85% 84% 84M, Del* Hud 6*4s *37. 2 100 99% 99% Del PwrAL 4*4s 71 1 95% 95’/* 95V* Denmark 4*45'62.. 6 75 74 75 Denmark 65‘42 1 88% 87% 87% D& RGrcn 4s *36.. 7 70% 70% 70% DARG W6s '55.. 1 34 34 34 net E GAR4*4S'6I. 26 97 96% 96% fSet Edison rs 55'49 17 103*4 103 103% ; Deutsche Bk 6s 'B2. 6 76 75% 75% Dodge Brel 6a *40.. 26 90% 88% 90 Duouesne 4*4»'«T- 12 101% 100% 101 Dutch East I Nov. . 4 86% 86% 86% Dutch East I 6s’*7. 4 89% 89% 89% I Dutch East I 6«’62. 2 90 90 90 Erie gen 4s 19 57% 56 56% Erie cv 55'67.. •. ♦. 25 56 55 55 Erie os *75 26 56 54% 54% Fiat 7* e* war ® 76 75% 76 Finland 5*45'58... 4 55 55 56 Finland 6*4»'56 •• • 1 67% 57% 57% Fla E Coast 6s ’74.. 36 9 8% 8% Fram ID 7 *4* *42.. 1 91% 91% 9L% French 7s ’49...... 31 113% 113 113% Franch 7*4a *4l •... 4- 117% 116% 116% Gelsenk'hen «5’34.. 3 69% 50% 59% Gen Baking 6 *4* '4O 2 96 96 96 Gen Motors 6a'37.. 16 101 100% 100% Gen PSv s*4* ’39.. *2 83% 83% 83% Gen Th Eq 65'40.. - 20 11% 10% 10% German Bk 6s ’3B. .29 56 53% 06 tier Cen Bk 6s '6O J 23 55 53 55 GerCen Bk '6O 0106 54% 52% 54% German 7s re t‘43. 97 70 66 69% German Bank » j '6O 28 57% 64% 56%: Ger Gen El 75’4 4 >... - 51 61 51 Goodrich cv 6s *4'.. 5 50 49% 50 Good Ist 6 *4* '47 . 2 . 78% 78% 7«% Goodyr Rub 6«’67.. 15 81% 81 81 GrandTr as db •■*3s 5 95% 95 95% Grand Trunk 7a*4o. 24 100% 10f% 100% Grt Nor 4*4»'77 E. 1§ 79 71% 79 Ort Nor 5a ’73 1 8f $1 art Nor gn 6 Vfca's2 16 * 2 92% 1 v ’ • J > • r FINANCIAL* lU!f* Hl«h Low ass Grt Nor itn 7a *3s.. 13 102 101% 102 Greek 6s - 6S 1 60’* 60% 60', Haiti (a '52 6 79 79* 79 Hud A M adi 5s ’57. 15 MW 60% 61% Hud AMrf 5* 'S7.. 17 US 67 88 Humble OR 5s *37.. 2 100% 100', 100% Mumble o r>%a *32. i 100% 100% 100% Hungary 7 V»s •««.. 10 50 48% 48% 111 Ball Tall 5a *ss.. 2 104% 104% 104% 111 Cant 4s *53 6 55 54 55 111 Cant rs 45’68... 21 62 61 M 111 Cant 4%*66.... 16 52 50% 51 111 Cent 8%a'56.... 2 89 99 99 111 CCStLAN 4%5. . 18 31 50 50 111 Steel 4%s *4O. .. 3 98% 98 99% Inland St 4%s A*7B 1 85% 85% 85% Inland St 4%s B'Bl 2 86 86 86 Int Rap Tr Ss'B6.. 40 59 57 57 Int Rap Tr sta 66 . . 60 50 57 59 Int Rap Tr6s*32.. 38 42 40 42 Int Rap Tr 7s 32. . . 82 77 75 76% Int Cement 5a *4".. 6 74% 74% 74V, Int *GNad 6b *67. 10 32% 31 81 tat Hydro El 6a 44 39 62% 61 62% Int MCo 5.* ret*4l.. 10 73 71 73 Int Match Ss *47... 65 70% 69 70 Int SIM cot tr 6s *4l 1 55% 55% 55% Int Rap 5s A *47... 12 6t 60% 00% Int Pap 6s *65 •/. 41% 41% 41% Int T * T»4%s *52. . SO 57% 56% 56% Int TAT cv 4 %s*39. 40 71% 70% 70% Int TAT 5s *SS.... 77 62 61% 62 Italy 7s *6l 51 90% 89% 90% Italy Tub S7s *52.. 2 75 75 75 Japanese 5%s *65. . 12 "$2% 82% 92% Japanese 6%s *64. . 132 96 95 96 Jugosl Bnk 7s *57.. 2 50 49% 50 Kan City Sou 3s*so. 3 62% 62 62 Kan City Sou 6s*so. 11 72 72 72 Kan CUV Ter 4s*6o. 5 85% 85% 85% Kan GAE 4 Vis‘Bo.. 11 90% 89% 90% Karstadt 6s *43 8 35 31% 35 Kresge Found 6.<<36 2 97% 97% 97% Kreug & Toll 55*59. 39 61% 68% 60 Tatckaw St 8s *6O. .. 1 97 97 97 Laclede 6%s C’s 3.. 1 90% 90% 90% Laclede s Vis D '6O. 7 88 87% 87% Lautaro Nit 6s *54. 3 15 12 14 Leh Valley 5a 2003. 1 83% 83% 83% Lie A Mvers 5s *sl. 2 101 101 101 Liu A Myers 75*44.. 2 117% 117% 117% Loew's 6s ax w'4l. 5 90 89% 90 Lorlllard 5s *51.... 17 92 91% 92 Lorlllard 5%s *37.. 39 99% 99V* 99% Lorlllard 75'44.... 17 107 106% 106% La A Ark ss'6o. ... 6 46% 45 45 Lou GAEI 5s *52... 16 102V* 101% 102% LAN 4 Vi s 2003 1 82 82 82 LAN Ist sVis 2001. 3 97 97 97 Lvons 6s *34 9 101% 101% 101% McKes A R SVis*so. 7 66% 64% 66% Manh Ry Ist 4s*9o. 8 40% 39% 40% Market St 7s *40... 5 87% 87% 87% Marseille 6s *34.... 1 101% 101% 101% Midvale Stl 55’36.. 6 98% 97% 98% Milan 6Vis '62 33 70 69 70 Mil ERyA Lss *6l 2 98% 98 98 5t StPASSM cn 45.. 4 56 54'% 55 MK A T Ist 4s ’9O. 5 77 76% 77 Mo Tac gn 4s *76... 18 48 47 47% Mo Pac 5s A *65.... 2 67% 67 67 Mo rac 5s F *77.... 20 66% 65% 66% Mo Pac 5s O *76. ... 13 66 64% 64% Mo Pac 5s H 60.... 5 67 65% 65% Mo Pac rs 65’11... 11 66 65% 65% Mo Pac 5%s A *49.. 21 53 52 52 Mont Pow 65'41... J 2 100 99% 99% Montevideo 65’59.. 1 41 41 41 Montevideo 75'52.. 23 45% 39 45% MorACo Ist 4%5*29 1 71% 71% 71% Nassau Elec 4s'6l. 6 50 49% 49% Nat Dairy 6Vis '4B. 35 95% 94% 95 Nat Steel 6s '66.... 9 78% 78 78% NOTA Mss B '54. 17 47% 41 47% N’ OTAM 6% s ’54. 3 53 52% 53 Nw S Wales 65'67. 37 63 51% 65 Nw S Wales 6s'sß. 5 52 62 62 NYC gn 3%5'97.. 1 74% 74% 74% NY Cent 4a *91.... 26 81 80% 81 N Y Cent db 45’34.. 6 95% 95 95% N Y Cent 4 Vis 2011. 11 79% 79 79% NY Cn rs 4 Vis 2011. 27 80% 79 80V, NYC rs 1m 6s 2011. 2 80 88 88% N Y Cent db 65'35. 14 100% 100% 100% NYC ASt L 45'37. . 10 86 86 86 NY CAStL 4%s '7B. 20 44% 44 44% NY CAStLS Vi sA'74. 5 56 55 55 NY CASt L 65’32.. 27 66% 63 63 N Y Edlsn 5s 8’44.. 6 104% 104% 104% NY Ed Ist 6Vis'4l. 8 111% 111% Illy* NY ELHAP 45'49.. 13 93% 92% 93% NY ELHAPSs '48.. 2 106% 106% 106% NY NHAH 4 %■'67. 6 75 75 75 NYNHAH cd 6s'4S. 1 102% 102% 102% NY NHAH 45'66... 4 70 70 70 NY OAW Ist 45’92. 10 47% 47 47% NY Rys 6s A’66... 10 40% 40 40% NY Tel 4V45'59.... 22 101 100% 101 NY WAB 4Vi a '46.. 2 69 69 69 Nla Sh Md 5%S 'SO. 1 74% 74% 74% Nord 6%s '6O 10 103 103 103 Nor AWn cv 45'96. 1 89% 89% 89% No Am Co 6s'6l. .. 6 91 90 91 Nor Am Ed 6s C’69 14 91 89% 90% Nor Am E 6 Vis'63. 2 95 95 95 Nor OTA L6s *47. 3 102 101% 101% Nor Pac 3s 2047.... 7 58% 58% 58% Nor Pac r1 6s 2047. 12 92 92 92 Nor St Pw 6s A ’4l. 1 100% 100% 100% Norway 6s ’63 3 79 77% 77% Norway 6s'4* 13 89 89 89 Norway 65'44 5 89 89 89 Norway 6s '6B 8 86% 86% 86% Oreg-Wash 4s '61.. 19 80 78% 79% Orient dev 6%5’58. 19 72 70% 72 Orient dev 6s '6l-.. 21 73 72% 72% Pac GAE Ss '42 7 102 101% 102 Pac TAT Ist 65'37. 12 102% 102 102% Pan Am Pet 6s '4O. 4 19 18 18 Paramount 6s '47. . 2 72% 72% 72% Pxris-Ly M6s '68.. 20 100% 100% 100% Paris-Ly M7s '58.. 13 103% 103% 103% Parls-Or 5%5'61.. 18 97% 97% 97% Penn 4%s t> ’Bl 1 82% 82% 82% Penn cv 4 Vis‘6o... 2 98% 98% 98% Penn gn 4%5'65... 5 87 87 87 Penn 4%5'70 22 79 78 79 Penn 65’64: 4 93 92% 93 Penn gen fis'6B 9 97% 96% 97% Penn 6%s '36 13 103% 103 103% Penn PAL 4 Vis'Bl. 25 93% 92% 93 Peoples’ Gas 5s '47. 7 101% 101% 101% Pere Mar 4Vis 'BO.. 5 60 60 60 Peru 6s *6O 11 13 12% 12% Peru 6s '6l 1 12% 12% 12% Fhtla Co 55'67 14 93 92 93 Phila Elec 4s’7l. .. 11 93 92 92% Phil A Read 65'49. 12 47% 46 47% Phillip Pet 5%5'39 31 62% 61 61% Philippine R 45'37. 4 20 20 20 Pillsh F M 6s '43... 2 101 101 101 Pirelli 75'52. 1 89% 89% 89% PC CAStL 5s A'7o. 6 97% 96% 96% PCCASt Lss 8'75. 3 99% 98% 99% Poland 6s'4o 6 58 58 68 Poland 75'47 10 55% 54% 54% Poland Bs'so 6 60 59 60 Port Gn El 4Vis'6o. 7 75 73% 74% Porto Alegre Bs'6l. 1 22 22 22 Por RAmT 6s ‘42. 2 38 38 38 Pos Tel A C 65'53.. 8 46 45 46 Prague 7%5'62.... 1 98% 98% 98% Prussia 65'52 65 38% 36 38% Public Serv 4s '71.. 2 92% 92% 92% Pub Sv G 4%s '67. . 5 98% 98% 98*, Pub Sv G 4%s '7O. . 6 98% 98 98 Pure Oil 5 Vis'37... 3 82% 82% 82% Queensland 7s '41.. 3 71 71 71 Read Jer Cn 4s 'sl. 1 81% 81% 81% Head gn 4 Vi« A '97. 1 85 85 85 Reading «%s B’9T. 5 84 84 84 Rem Arms 6s A ’37. 6 82% 82 82% Rem RsVis A '47.. 19 55 54% 55 Rhinelbe 7s *46. ... 4 47 47 47 Rnlne West 6s ’52.. 2 57% 55% 67% Rhine West 65’53.. 6 67 55 67 Rhine West 65'55.. 16 65% 54 56% Rhine West 75’50.. 2 65 65 65 Rich Oil Cal 6s'4*. 3 15% 15% 15% R«n de Jan 6%5'53. 7 18 17 18 RGr Do Sul 6s *6S. 11 16 15 15 Rio Gr W clt 4s ’49. 6 61% 61% 61% RIArAL 4Vi s *34 . 3 73 73 73 Rome 6 Vis’s 2 5 73% 73% 73Vi Roy D 45'46 ww... 19 75% 75'% 75% StL JM RAO 4s*SJ. 1 88 88 88 -St LASF In 4s A '6O 26 44 43 43 StLASF4%s'7*. 97 34% 33% 33% StLASF plss B 'SO 20 50% 50 50% StLS W Ist 4s’l9. 1 62 62 62 St S Wen 45‘32 13 70 69 69 StLS W 55'62 5 38 37% 37% St PUn Dep 5s '72.. 17 102% 103 102% Sao Pau 7a’4o ret.. 5 62 61 62 Sao Paulo 85'36... 1 46 46 46 Saxon P W 6Vis*6l. 2 41 41 41 Saxon 7s *45 52 46 44 46 Seab A Lev 65‘45. 20 7% 6% 6% Seab AL 4s st'so.. 1 19% 19% 19% Sea All Fla 65,A’35. 17 2% 2% 2% Seine 75’42 13 105% 105V* 105% Ssrbs-Cr-Sl 7s ’62.. 9 54 52 54 Serbs-Cr-Sl 8s ‘62.. 10 55% 54% 65% Shell Cn 011 6#'47. 8 72 71% 71% Shell Un 011 5s 49. 2 70% 69 70% Shtnyetsu «%■ '62. 1 60% 60% 60% Sinclair Oil 6%5'3» 13 81% 81% 82% Sine O7s cv A'l7.. 6 88% 87 88 Sine Cr 0 6 Vis 'II.. 29 98% 97% 98% Sine PL 6s 42 7 97 96 97 Skelly Oil sVis'S».. 3 61 60 61 Solssons 85'35.... 2 101 101 101 Solvsy Am Ss '42.. 1 90 90 90 Sou Bell TAT 6s *4l 2 102 102 102 SW Bell Tss A '64. 2 103% 103 103% Sou Pac ref 4s *55.. 14 84 84 84 . TRADE BOARD SEAT > PRICE IN ADVANCE t I J Recent Gains in Wheat Have ,1 * Made Memberships More r Valuable. * — f BY OWEN L. SCOTT. * Special Dispatch to The Star. CHICAGO. November s.—The switch •% of speculative attention from securities to commodities has brought a small .» boom in the sale of seats on the Chi- » , cago Board of Trade—world center of the grain trade. ’ Stock msrket houses have purchased % eight out of ton seats sold since Octo , ber 19, at. steadily advancing prices a from a low of $6,500 to a last sale of “ a SII,OOO. * At the same time, as grain values ’ moved higher the volume of business on the exchange increased, until on 1 Monday It reached 69.000.000 bushels in wheat alone This, compared with , a daily trade of 15.000.000 to 20.00©.- a 000 burheLs during the dog days when public attention centered on securities. Optimism Reigns. As a cons-quence of late develop » menu, the Eoard pf Trade today Is * probably the center of the Nation - * optimism. Traders are convinced that * they again are to b? privileged to lead the country out of the doldrums as they did after the panic of 1893. and have , done In several periods of slack times , since. l*xs than three years ago members , of th« Chicago Beard of Trade were ro concerned over the future of grain , •“peculation that they voted to add se curities to the Hat of things traded in. They had seen the Chicago Stock Ex i change rise to a position of prominence * , during the Block market boom, some what overshadowing their long-main-' i talned position. Now the roles are re versed and the trade is back in grains. Al.*o there had been a good deal of l discussion, led by Arthur Cutten. bull leader, about the prospect of Chicago ' losing Its position as world center of 1 the grain trade to Winnipeg, owing to 1 governmental restrictions on trading. 1 That talk now has evaporated nnd Win -1 nlpeg, comparatively, remains a minor market. Traders point, out that the recent price advance in wheat has been car ried out In a free market—one that was free from restrictions against short sell ing and free from Government interfer ence for the first time In nearly two j , years. The local Board of Trade had , been an object of sniping from the time the Federal Farm Board agencies en , tered the trade early in 1930 to the time recently when an announcement , was made that further supporting op , eratlons would be abandoned. i Short Selling. A committee of the board was In * » Washington yesterday to confer with ' President Hoover and Secretary of Ag riculture Hyde on short selling. Since values have been advancing in the face of pressure from shorts, traders are 1 convinced that Federal authorities will not insist that shorts be curbed as they ' are in the stock market. * More Government officials have 1 added their opinion to the growing vol ' ume of expression that the advance in ’ grain values was Justified. Carl Wil liams, member of the Farm Board, said ‘ that cotton usually leads the way out of depression, but that wheat "seems to have gone ahead of it. There are bound ‘ to be reactions up and down on specu -1 lative movements, but I have main * talned right along that the price of 1 wheat was too low during the Summer.'' i (Copyright. 1931.) ■ _____ »• , . EARNINGS REPORTED. ‘ NEW YORK. November 5 UP).— Paramount-Publix Corporation esti mates its consolidated net profit for * the quarter ended October 3 at sl,- , 550,000, equal to 50 cents a share on ’ approximately 3,100,000 average shares . outstanding during the period, com k pared with $5,100,000, or $1.60 a share on 3,180,636 shares in the quarter J ended September 27, 1930. k For the nine months ended October 3 net profit is estimated at $7,293,000, * equal to $2.32 a share, against $13,- 1 546,000, or $4.60 a share, in the first nine months last year. Libbey-Owens-Ford Glass Co. reported ’ for the September quarter net loss of 1 $342,412, compared with net profit of $15,980 In the preceding quarter. No i comparison with last year Is available, because of a different capital structure , prior to acquisition of the Ford Plate Glass Co. , Motor Meter Gauge & Equipment Corp., , for the quarter ended September 30, , had net loss of $86,386, against net loss , of $186,826 In the third quarter of 1930. r Continental Diamond Fiber Co., for , the first nine months, including foreign subsidiaries for the first half of the year only, showed net loss of $88,983. This compares with net profit In the first , nine months last year, Including for , elgn subsidies for the first half, of $467,170. , National Supply Co. and subsidiaries, including Spang Chalfant 6c Co., re i ported for the first nine months this , year consolidated net loss of $3,093,372, compared with consolidated net Income , of $2,788,381, Including Spang Chalfant, for the first nine months last year. , Willys-Overland Co. and subsidiaries reported for the first nine nunths net profit of $120,462, compared with net loss of $2,429,493 in the first nine , months of 1930. Sales. High. Low. 3-55. Sou Pac4%a’sl... 63 75% 74% 75% Sou P 4%5‘«9 ww. 5 76% 76 76 Sou PAOr 4Mi•*7 7. 25 87% 87 87 Sou Ry gn4a*66... 8 57 67 57 Sou Ry 6#'94 1 95 95 95 Sou Ry 6%a '66 11 76 73% 76 Sou Ry MAO 4s ’3B. 5 52% 51% 52% St Oil NJ 6s '46.. .. 63 102V* 101% 102 5t Oil N Y 4%s *51.. 6 95% 94% 95% Sweden 6%» ’54.... 15 91% 91 91 Swiss 5%S '46 10 103 102% 103 Taiwan EP $ %tf7l 6 72 71 71 Tenn El P6s A '47 . 3 102% 102% 102% Texas Corp 5s '44.. 181 84% 84% 84% Tex A Pac 6s 8'77. 3 72 72 72 i Tex AP6sD'so... 7 72% 72 72% TexAP Ist 5s 2000.. 2 95% 85% 95% Third Av rs 4s 'so.. 3 49 49 49 Third Av adj 6s'«o. 26 31% 31 31% Toho El Pw sa'*l.. 16 92% 92% 92% . Tokio 6s '52 6 49 49 49 Tokto 6%s '6l 25 74 71 71 1 Tokio El Lt 6a’6s.. 4 62% 62% 62% Un Pac Ist 4s '47. .. 4 94 93% 94 Un Fac 4s 'ss 24 78% 77 78% Un Pac rs 4s 2001.. 30 84% 83 84% Un Pac 4%a ’B7 1 89% 89% 89% Unit Drg cv 6*%5.. 10 94% 94 94 Utd King 6%5‘37.. 26 98% 97% 08% US Rub Ist 65'47.. 11 64 53 54 Un St W «%a A’47.. 5 40 35% 40 Ud St W 6%5A'51.. 5 40 36% 40 Ud St W 6%sC'si.. 4 40 36% 40 i Uruguay 65‘50.... 14 50 46% 49 Uruguay 6s ’54.,.. 4 50 47% 60 Uruguay $s *45.... 3 66% 65 65 Utah PAL 55'44.. 5 96 95 95 Util Pw 6a ’59 ww.. 38 58 56 58 Util Pow 5%s ’47. 4 60** 57 87 Vanadium St 68*41. 8 69% 67% 69% Vert Sug Ist 7s *42. 1 18 18 18 Vienna 65‘62 6 62% 62% 62% Vaßy Ist 65'82... 3 93% 93 Wabash 4%a '78... 6 33% 33% 33% Wabash Ist 65‘29.. 4 86% 86% 86% j Wabash 6s B *76... 12 38 37 37 Wabash 5%s *75... 13 41% 41 41% Walworth 6s A'4s. I 41 41 41 Warn Br Pic 6a‘39. 21 49% 47% 49% Warner Sug 7s'4l. 1 103% 103% 103% Warsaw 7a *SB 2 42 41% 4U* Wat Sh Ist 4s 2341. 3 82 82 g 2 West El db 5a '44. . 5 101% 101% 101% West Md 4a'62.... 5 57% 57% 57% West Union 6a*61.. 12 94% 93 04,‘0 4 ,‘ Waat Union 6a 'so.. 1 95 95 «* . WestUn «%«'»#.. 11 105 104% 104% • Wil ACo Ist $s '4l- 4 84% g 4% Yokohama Ss *«1... 1 75 7* Ygsta SAT is B’7o* 18 76% 74 75^