Evening star. [volume] (Washington, D.C.) 1854-1972, December 10, 1931, Image 14

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Evening star. [volume], December 10, 1931, Page A-14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 10 Dec. 1931. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1931-12-10/ed-1/seq-14/>

Newspaper Page Text

MO TRADE DROP
. AFFECTS RMUKMS
fi * __±_
Revenues of Some Carriers
Decline From Lack of Ma
chine Shipments.
Special Dispatch to The Star.
NEW YORK, December 10 —Condl
^tions in the automotive Industry, directly
and indirectly, were a contributory,
' cause for the receiverships of the Wa
* bash Railway Co and the Ann Arbor
* ' Railroad Ccl. which, like the Pere Mar
. ..quette Railway Co. and the New York,
Chicago & St Louis Railroad Co., are
classed in Wall Street as “automobile
* -Toads."
ho Although prosperity, or the lack of it,
-"in the automotive industry affects all of
these railroads, it does so in varying
’degrees, due to differing traffic oondl
-' tions and varying financial setups The
* -present upturn, however, In automotive
production—even if the new cars and
•'trucks are “trucked" away from the fac
~tory instead of hauled out on freight
- ears—will add to the traffic of these
'Toads, because most of the heavy incom
ing factory traffic, In the form of raw
materials, is carried by the railroads.
October Froducttom.
Production of automobiles and trucks,
as reported by the Department of Com
j merce, amounted to 80,142 units In Oc
' tober. This is the lowest figure since
October, 1918, when the total was 50,300.
Truck and car output In October, 1930,
♦ amounted to 154,401, in 1929 to 380,017,
■ .In 1928 to 397.284 and in the same
month of 1921 to 148,000.
American railroads generally are af
fected by bus competition, to the extent
that the busses take away passenger
business and by trucks to the extent
that they haul less-than-carload lots of
freight as well as other forms of traffic.
The “automobile roads,” however, feel
the effects of reduced automotive manu
facturing by the decline In raw mate
rials hauled to the plants and in fin
ished products taken from the factories,
In addition to the bus and truck com
petition.
The automotive traffic handled by the
^automobile roads" has never been thor
oughly studied, for the statistics give
only one side of the picture—covering
the products hauled away from the mo
tor factories by carrier and not the raw
materials going into them.
Four Classes of Traffic.
Automotive traffic on the railroads
Include four classes: Passenger auto
mobiles, auto trucks, knock-down auto
■v mobiles and trucks and parts not other
wise specified, and automobile and
truck tires.
Statistics for the Wabash road show
a sharp reduction in all classes of auto
motive traffic over the last three years.
In 1929 this traffic formed 7.7 per cent
of the road's total tonnage, in 1930 it
‘“-was 5.9 per cent and in 19S1 It was 3.49
"'’fcer cent—the period covered in each
year being the first eight months, for
-“yhlch 1931 statistics are now available.
’"'In tonnage the decline In the Wabash's
automotive traffic was from 1,235,960
'■''tons in 1929 to 840,510 in 1930 and to
’“897.689 in the 1931 period.
These tonnage figures are reflected in
a shrinkage of the Wabash's gross reve
nues from automotive traffic as follows:
*6.900,000 in 1929, *4,000,000 in 1930,
•and $1 800.900 in 1931.
*rr’ Relatively the Ann Arbor road is even
more dependent on the activity of mo
a_tor plants because It enters the heart
of the production field. It was pur
chased by the Wabash partly because
It controlled at the time some of the
Ford business over the Great Lakes
region and through the Northwest.
Comparisons between the Pere Mar
fjauette, the Nickel Plate Mid the Wabash
-cannot be manb too generally, because
In the case of the former only about
*3,200,000 of Its 1930 gross of *32,779,
_ 262 was received from automotive traffic
and only a little more than *1,000,000
of Nickel Plate’s 1930 gross freight reve
nues of *42,730,002 was so obtained.
Raw Material Shipments.
Nickel Plate runs a little too far
south from the automotive manufactur
ing centers and Pere Marquette hauls
r**tnore raw materials to these factories,
relatively, than it does their finished
products. Incidentally, the recent up
turn in Pere Marquette car loadings
'''was due largely to the speeding up of
production schedules at a Flint, Mich.,
automobile plant.
““ (Copyrixht, 1031.)
“lit -
INVESTMENT TRUSTS
NEW YORK. December 10 —
Over-the-counter market.
Bid. Asked
B C Tr Shrs "D”. 2k, 3*4
A B C Tr Shrs "f" . 4'4 4*4
“ Am A Oen Sec “A”. 5 .
"Am & Oen Sec B.,. 54 .
• •Am & Gen Sec t! p!. 31 .
Am Br It Con pi.. 20
'' Am Comp Tr Shrs . 35, 4
--Am Fdrs tfr pi . 14 20
Am Fdrs 1r. pf. U 21
Am Fdrs 1-70 Com. lc 2c
Am Fdrs cv pt ctls. 25 35
“Am Fdrs 1-40 com . ic 4c
' Am Ins Stocks . 154 2>4
• Assoc Stsnd OH . 4 454
At; sec pi.si 2?
) Atl Sec war . 54 1
•Atl A Pac Int units . 15‘2 ..
k-Atl A Pac com ww. 5, i
Atl & Pac pf war . 15
Bankers Nat Inv . NS 20
Bansicllla Corp . 3 314
Basic Industry .. 314
British Type Inv .. 154 '2*4
Century Tr Shrs . 1» 1*14
Chain A Oen Equities . k, 15,
Chartered Invest . 2 8
Chartered Inv pr. 52 51
Chelsea Kxch A . 1,4 “{
Chelsea Exch B . 14
•’•■Cumulative Tr Sh . 3k, 454
Corporate Trust ... 2 50
Corporate Trust A A . 3.10 ' 2.35
•Corporate Trust Accum Ser.. 2.10 2 35
•Crum A Poster . 1« 19
Crum A Post 8" pf. 90 95
• Crum A Fost Ins . 17 M
Crum & Post Ins 7 pf. (0 2$
Depos Bk Shrs N Y . 354
• Depos Bk Sh N Y "A”_ Hi
• ijepos ms snrs "A . 3y. 314
Diversified ' B . «*J
Diversified ' t C .. a», jy.
Diversified 1: D . 4*. 5'■.
1 Equity Invest ...1 a«
"Equity Invest pf . 45
Equity Trust 8hrs . 2 70 5 05
Five-Year Fixed Tr... 3*4
Fixed Trust Sh A. 7*4 ..
...Fixed Trust Sh B . 6V4 .. .
Fund Tr Shrs A .... 3*4 414
Fund Tr 8hrs B . 4 V, 4'x
AuOraneer Trad* . 4
. Oude Wlnmlll Trad . 25
, Jncorp Investors . 1*44 20
••..Incorp Invest Eqult . 1j>-a
Independ Tr Shrs . 2 25 2 50
_.ini Sec Corp Am A. 5 .....
Int Sec Corp Am B . >/a .
tmlnt 8ec Am 6T, pf. 35 .
--Int Sec Am 6*4" pf. 30 .
Inv Tr N Y Coll A '. 4>« 4*4
*,J Invest Trustee Sh . 414 .
«’ Leaders of Indust A . 3% .
*• Leaders of Indust B . 2% 3*4
Leaders of Indust C . 2*. 3*4
""‘Cow Priced Shrs . 31. 3*4
•Major Corp Shrs . 2*4 3V*
, Mass Invest Tr . 17 18*4
Mutual Inv Tr A . 4 5
01'Mutual Manace .. 2*4
Nation Wide Sec .. 3'4 2*4
Nap Indust Shrs . 214 2
Natl Tr Shrs . «14 «*4
Y Bit Tr Shrs . 3’, 4*4
l*.Nor Am Tr 8hare* . 2.70 .
n„Nor Am Tr Shr 1055 . 2 30 2 55
Nor Am Tr Sh 1955. 2.30 2 55
Northers Secur . 59 *0
wvQU Shares units . f 12
*■' Old Cel Inv Tr . 3 4*4
"" Old Col Tr Assoc . 18‘4 18
-'•Petrel Trad A . * 10
•'‘Public Serv Tr . 3". 4H
• Repres Trust Shares.. 81* 8%
**; Second Int Sec A. 3 .
v Second Int Sec B .. *4 .
. Sec Int Sec 6‘> 1st pf. 30 .....
Secur Corp Oep $6 pf. 70 90
* Selected Amer Shares. 3.55 3 05
- Selected Income Shsres. 3*. 41.
- Selected Menace Truat. 4 00 4.35
...Shawmut Hank . 3 4
Bpencer Trask Fund. . 1314 1314
Standard All Amer Trust. 4*4 . 4*4
^-Standard Amer Trust Shares... 3 36 3.85
..Standard Collet Trust. 4*4 5*»
- State Street Invest. 45 47
Super of Amer Trust A. 3*4 ' 3*.
Super of Amer Trust B.. 314 3*s
Super of Ajmer Trust C. 5% «*4
Super of Amer Trust D. 514 *
frust Sh-nes ol Amer. 3 2*4
Trustee Standard Inv C. 3.14 3.40
Trustee Standard Inv D. 2 10 1.35
‘•Trust** Standard Oil A.. fjt .
•v Trustee standard Oil Shares . S’» 4s*
Trusteed N Y C Bank. 4*» 5
Trusteed Amer Bank Shares. . 3*4 ......
Trusteed Amer Bank A. 3 31.
20th Century Fixed Trust. 2*4 II.
Two-Year Trust Shares. 9'. 10*,
United Fixed Share*. 2S I*.
United Founders l-70th com... 2c 4c
United Ins Bharrs . 5*4 .•
United Bank Truat . j*4
•• U 8 t Brit Int Ud A . 2 .
V J A Brit Int (3 pf.. 17 .....
- 8 f ?Vc igK i RIS ‘ft *ft
Lnlversal Trust Shares. 2*. I*»
** - ;
■u • - •
NEW YORK STOCK EXCHANGE
br Print* Win Dlnct t* The 8Ur Offlee.
(Continued Prom Page lj.j
—net—a atock end tun
Bleb Low Dividend Rate. Add 00. Bleb. Lev. Close Ohee
20% 8% Kinney (OHI Co.... 2 9% 9% 9% - %
29H 18% Kresge <8 S) M.40). 7 19% 18% 18%-%
27% 4% Kranger A Toll i.tl). 63 fi% 6 6%
36% 16 Kroger Qrocqry (It. 87 16% 16 16% - %
Bit* 40% Lambert Co (9)..... 18 61% 60 60% -X%
4% 1% Lee Rubber A Tire.. 12 2 2
18% 6% Leh Port Cement.... 8 6% 6% 6% _ %
8% 8 Lehleh Valley Coal.. 2 3 8 3
61 8 Lehigh Valley R R. . 6 10% 9 10% 42%
69% 35 Lehman Corp (2.40).4876a 88% 37% 88 — %
84% 18% Lehn A Pink (!). .>. 10 19% 19 19% — %
20% 7 Libber Owens O)abb. 13 7% 7 7k _ »,
91 89 Liggett A Myer»(76) 2 47% 47 47 -1
91% 40 Llgg A Myers B (16) 11 47% 46% 46% -1%
146 120 Llgg A Myers pf (7) x 1 120 120 120 - 6%
34% 12% Lima Locomot (ml). 4 18 12% 13 + %
S3 20 Link Belt (1.6*). 2 20% 20% 20%
56% 16% Liquid Carbonic (2). 2 18 18 18
68% 27% Loew*s. Inc (74).... 67 84% 31% 82% -1%
6% 2% Loft Inc. 24 3% 3% 8% — %
64% 35 Loose-Wiles (78).-... 12 35% 35 85 -1
21% 10 LorUlnrd (P) (1.20). 81 14% 13% 18%
36% SO Lou UasAEl A < 1 % ) 9 22 21% 21%-!%
Ill 22 Loulsvllls 4,Kuh(() 6 23 22 22% — %
19 6% Lurtlum Steel ...... j g g g
36 17 McCall Corp <SV4l.. 1 19 19 19 _i
61% 20% MeCrory Strs A (2).. 1 24% 24% 24% —2
61% 17% MeCrory (B> (2).... 20i 21% 27% 20% -2
26% 12 McIntyre Pore nf(l) 2 15% 15 is _ 14
103% 38% McKeesport T P (4). x 94 61 48V, 48% -2%
4% McKesson A Robbins 17 5 4% 5
37% 19 McKesARob pf(*14) 1 21 21 21
10% 2% McLellan Stores ... 6 3 2% 3 _ u
<u eut* atcueuan st pr At*). 10s 40% 40% 40% -6%
48% 14% Mack Trucks (1)_ 6 16 14% 15
106% 63 Macy ( RH >A Co(nl) 6260* 68% 64 64 -6%
27% 7% Magma Copper (1).. 2 8 8 8 -%
4% % Malllson ACo. ...... ill]
6 % Manatl Sugar. 90* % % %
12% IV* Manatl Sugar1**.... 10* 1% J% i%
61 36 Manhat El*v gtd (7) 60* 35 85 85 -2
?9 8% ManhatElev mod gtd 6 11 10 11 +1
3% % Maracaibo Oil Exp.. 14 % % % _ u
24% 11% Marine Mldld (1.20). 21 12 11% 11% - %
22 7% Market St Ry pr pf.. 1 8 8 8 —1%
82% 10% Marlin Rockwall >2) 1 10% 10% 10%
32% 13% Marshall Field7*%) 4 13% 13% 13% - %
81% 14% Hathletnn Alklll (() 13 16% 14% 16 - %
3% 1% Martin Parry,. 3 1% 1% j% — %
*9 18% May Dept Sirs (1%) 1456s 19% 18% 18% - %
24% 6 Maytag Co pf (D... 8 6% 5 5 - m>
71% 39 Maytag Co 1st pf f») 1 39 39 *9 -1
34 18 Melville Shoe ('!). .. 6 18% 18% 18% _ %
8% 2 Mengel Co.... 1 s% 3 3% + %
22 21 Mesta Machine (2).. 6 22 21 21%
27 20 Mat-Gold Pic pf 1.(9. 6 20% 20 20 — %
10% 2% Miami Copper. *. 13 3% 3% 3% _ 44
16% 6 Mid Continent Petan. 26 5% 6% 6% - %
81% 7 Midland Steal ft)... 18 9% 7% 9% + %
69% 20 Mlni^eap Honey R(t) 2 20 20 20 — %
7% 1% Minn Moline Pew.... 3 1% 1% 1%
48 10 Mlnne-MollrtePpf.. 1 10 10 10 —1
26% 6% Mo Kan A Texas.... 9 6% 5% 6 + %
86 14 Mo Kan A Tex pf (7) 10 16% 14 15 - %
42% 7% Missouri Pacific,... 8 9 7% 9 +1%
107 18 Missouri Pacific pf.. 6 19% 18 18% -lit
21% 8% Mohawk Carpet. 1 9% 9% 9% + %
2t» 16% Monsanto ChemO%) x 22 21% 19% 19% -2%
29% 8 Montgomery Ward.. 110 8% 8 8% _ iu
68 31 Morrell fj> A Co (*) 1 36 (6 36 + %
% % Mother Lode. 8 % % %
4% % Motor Meter O A El. 10 1 % 1
47% 16 Motor Products (2). 3 24 22% 24 +1
19% 6% Motor Wheel 460c).. 4 6 6% 6% — %
26% 8% Mullins Mfg... 2 9% 9 9
72% 22 Mullins Mfg pf. 40a 24 22% 24 +1%
18% 5 Murray Corp....... 6 7% 7 7% — u
80 17 Nagh Chat & St L(3) Jo* 17% 17 17 _s
40% 16% Nssh Motors (I).... *8 16% 16% 16
1«H S Ns t Acme Co.. 7 8 3 s %
13 4 Nat Air Transport.. 20* 6 6 6 + %
10 1% NAt Bell* Hesa. 8 1% 1% 1% I 2
83% 87% Nat Biscuit (8.60)... 93 40% 88% 39% -1%
163% 129 Nat Biscuit pf (7)... 2 181% 129 129 —2%
89% 10% Nat Cash Reg A 1H. 16 12% 10% 11 -1%
60% 20% NatDa.ry (8.69).... 17* 22%. 21% 22%- %
7% % Nat Dept Stores_ 1. 1 % % - %
80 6 Nat Dept Strs 1st pf. 20* 7% 7% 7% — %
36% 18 Nat Diet t-rod/*)... r ig% ig% jg% _ u
182 79% Nat Lead <t5%)..... 22 84 79% 80% -4%
143 128 Nat Lead pf A (7)... 10a 180 128 128' -2
120% 102% Nat Lead pr B <«)... 10* 103 103 108
44% 11% Nat Pwr A Lt U)... 64 13% 11% 12% -1%
68 18% Nat Steel . 16 22% 20% 20% -2%
70% 5 Nat Supply Co...... 18 7 5 5%-l%
111 23 Nat Supply pf. 80* 24 23 23 -2
76% 10% Nat Surety 12). 8 11% 11% 11% + %
24% 8 NatTea(I). 8 8% 8% 8% - %
25% 3 Nelsner Brother*... 1 8% 8% 8% + %
14% 6 Nev Con Cop (40c).. 12 6% 6% 6% - %
3% 2% Newport Industrie*. 4 2% 2% 2% — %
24 3 Newton Steel. 2 3% 3% 3% _ u
25 7 N Y Air Bralt*...... 5 8% 8% 8%
18214 24% NY Central. 848 27% 26% 27% +1
88 4% N Y Chicago A St L. 2 5% 6% 5% + %
94 5 N Y Chi AStLpf.... 6 6% 6 6 — %
227 106 N Y AHarlem (5)... 170* 110 106 106% - %
12% 2 NY Investor*. 2 2 2 2
94% 19% N Y, N H & Hartford 25 21 19% 20% — %
119% 69 NYNHAHpf(7>. 166. 69 59 69 -5
18% 614 N Y Ont A We*tern.. 6 6% 6% 6% — %
12% 2% N Y Shipbuilding.... 6 4% 4% 4% + %
72 81 N Y Shfpbldg of (7).. 40* 60 49% 49%
118 99% N Y Steam let pf(7). 10* 106% 105% 106% - %
29% 10 Nor*nda Mine* (2).. 85 13% 12% 12% — %
217 112 Norf A Westn (»12). 1 124 121% 121% -8%
93 72 Norf A Wests pf (4) :9* 72 72 72 -6
2% North Am Aviation. «2 3% 2% 2% — %
90% 26 Nor Amer(l>10%etk) 82016* 34% 31% 83 -1%
67 41 North Amer pf (I).. 8 46 43 43 —2%
107% 85 North Am Ed pf (6). 2 86% 85 85 -2
86% 6 Nor Ger Lloyd m2.64 1 7 7 7 _ %
47% 80 Northwest Tele (3). 10s 30 30 80 -6
60% 17 Northern Pacific 3).. 27 18% 17% 18 —1
2 % Norwalk Tire A Rub. 8 1 1 1 _ %
19% 6% Ohio Oil. . 87 7 6% 6% — %
6% 1 Oliver Farm Equip.. 1 1% 1% 1% _ %
6% 1% Omnibus Cdrp. 12 2 2
28% 10 Oppenheim Cell (2). 6 10 10 10-1
68% 18% Otis Elevatoi «2V6). 32 20% 18% 18% -1%
16% 3% Otis Steel ;.... 1 4% 4% 4%
69% 12 Otis Steel pr pf. 130* 14 12 12 -2%
55 40% Outlet Co («). 16* 42% 41% 41% + %
39% 20% Owens 111 Glas* (2). 2 22 21% 21% + %
< iv» Pacinc coast..,, 12 2 2
64% 29% Pacific Gae A *1 (3). 18 34% 33 33%-%
69% 36 Pacific Lighting <l). 5 40 39% 39% — %
26% 9 Pacific Mills. 100a 9 9 9
131% 98% Pacific TelATeleg(T) 140s 100 98% 99 -1%
11% 4 Packard Motor I40c> 41 4% 4% 4% — %
4% % Panhandle PrafcRei. 1 % % %
20% 8 Panhandle P A R pj. 10* 8% 8 8
60% 7% Par-Pub iblO* at*) 107 8% 8% 8% - %
11 3 Park A Tllforfl. 2 '3% 3% 3%
2% .% Park Utah.......... 7 1% 1% i%
4% 1% Parmelee Transport. 1 1% 1% j%
2% % Pa tb« Ere Kang*- 2 % -% %
8% 1% Pathe Exchange (A) 1 1% 1% 1%
46% 22 Panlck A Fordftl H) 12 26 % 26% 26% -1%
44% 28% Penney (J C> 12.40). 33 30% 29% 30 -%
6% 1 Penn Dixie Cement.. 4 1% i% j% _ %
29 5 Penn Dine Gut pf.. 16 6 6
64 19% Penna Railroad (*>.. 209 20% 19% 20%-%
104% 80% Peoples D 8 pf ««%) 80s 80% 80% 80% -3%
250 129 Peoples GKstChtHS) l< 186 130 132 -3%
86 4 Pere Marquette Ry.. 17 6 4 4 -6
10% 4% Pet Corp of Ash (1).. 67 4% 4% 4% + %
26% 6% Phelps DodgeCe.... 16 6% 6% «% — %
12% 8% PhilaAKeading C A 1 12 4 3% 4 + H
12% 9 Philip MorrisAColl) 1 9% 9% 9% — %
14% 10 Pblltlps-JonesCo... 2 10 10 10
16% 4% Phillips Petroleum.. 64 6% 6% 6% — %
27% 6% Pierce-Arrow. 19 9 9—1
1% % PierceOU..16 % % %-%
8% % Pierce Fetrolettm.... 13 1 % 1
37 20% plllsbury Flour 13). 1 21% 21 21% — %
39% 26% Pirelli < A) <m|.13).. 1 27% 27% 27%
87 26 Pitts Steel pf. .. 30s 29% 25 26 -6
5 % Pitts Terminal Coal. 8 % % % - %
16 2 Pitts Untied Corp. .. 12 2 2
99% 46 Pitta United pf (7).. 20s 60% 60% 60%
18% 3 Poor A Co »B>. 2 4 4 4 — vi
27 2 Port Rlc Am Tobl A) 9 8% 3% 3% - %
8 % Port R Am Tcb (B). 2 1% 1% m_n
20% 6% Prairie Oil A Oas.... 8 6% 6 6% - %
26% 7% Prairie Pipe Une.... 26 8% 8 8 — %
7% 1% Pressed Steel Car... 26 1% 1% 1% _ 44
71% 39% Proct A Oamt '3.401 24 43 42 42% - %
112% 97 ProcAGamb pt Cl).. 40s 98 97 98
6 1% Pro A Refiners. 1 1% 1% 1V4 _ V4
16 4% Prod A Refiners pf.. 70s 4% 4% 4% — %
96% 61% PubllcSvc NJtX 40). 79 68% 66% 5J% _ %
102% 86 Public Svc NJ pf it) 5 86 85 86
120% 97 Public Svc NJ pf It) 7 100% 99 99 -1%
139% 112% Public Svc NJ pf (7) 1 113% 118% 118% — 1%
160% 184% Public Svc N J pf<l) 2 136% 136% 136% - %
68% 17 Pullman Cbrp (3)... 2$ 17% IT 17% a %
2 % Punts Alegre Sugar. I % % %
11% 5 Pure Oil - 21 6% 6 5 - %
56% 12% Purity Bakeries (3). 6 18% 18 13% — %
6% KsdloCorp. .1.... w 103 6% 6% 6% - %
66% 29 Radio Corp pf A 8% 1 29 29 29 — %
60 10% Radio Corppf (B)... 23 13% 12% 13% + %
24% 1 Radio-Kelth-Orph A 28 1% 1% 1% - %
61 8 RRSec 1C stkC<4>. 20s 10 10> 10 - %
34% 12 Rand Mtnes(tWr.429> 180s 22 JO 22 +6
29% 9% Raybestos Maa(l.dO) 4 10% 10% 10%
97% 87 Reading Rwy 14)... 9 38% 27 37 -1%
47 30 Reading Ry 3d pf(3) 4 30 30 80
80% 2% Real Silk Hosiery..8 a% 2% 2% _ u
90 10 Real Silk Hosiery pf. 60s 10 16 10 - %
1% % Reis (Robt) ACo... 2 % % a, _ Z
19% 2% Remington-Rand... 22 3 2% 3
88 16 Rem Rand let pf. ... 1 is 15 15
10% 3 RSo Motor Cart 40c). x 9 3% 3% 3% a %
28% 5% .Republic Steel. 27 6% 6% 6% 1 %
54 13 Republic Steel pf... 7 1.1% 1J 1« - %
\8 3% Revere Copper. 1 414 414 4% — %
,-mi-. Stock and Sale*— Nat.
nail. Low. Dividend Rate Add 00. Blah. Low. Oioaa. Chao.
22S 7 Reynolds Metlal 114) 19 9 9
6414 88H Reynolde Tob B <1). 76 8514 86«4 8814
101a Hi Rio Grande Oil 12 1H 1H 114-94
4Ha 994 Ritter Dent Mfe 1*. 1 9»« 9*. 9*4 + 94
26 31* RoSBla lne of Atner.. 14 414 3H 414 — 14
4214 1814 Royal Dutch of NT,. 10 14H 13’4 14 — *4
699, 38H Safeway Storea <6). 84 47 46H 4514-2
9714 75 Safeway Stra pf <6). 20» 79 79 79
10814 86 Safeway Stra pf (T). 180a 8674 85 86 -2 '
80S 914 8t Joseph Lead (1).. x 12 1014 9H 10 +14
621* 3 S(L-San Francisco. . 7 49* 4 414+14
76 414 StL-San Fran pfif).. 4 6 6*4 6 + 14
8394 6 St Louis Southwn... 2 694 6 6 —214
69 7 St Louis Southwn pf 2 7 7 7 — 14
2014 6 Savase Arras. 3 6 6 5
1114 4 Schulte Retail Store* 4 4 4 4
61 38H Scott Paper (tl.40). 100* 39 39 39 -1
114 14 Seaboard Air Line... 69 14 >4 H
2014 614 Seahoard Oil. 11 7 674 7 — 14
6*14 81 Seara Roebuck <214). 91 86*. 3414 8414 -1
614 114 Second Natl Inv. 1 m 194 114
689i 83 Sec Nat Inv pf (6.00). 1 85>4 3614 8614 -2+.
114 14 Seneca Copper 5 94 *4 !»
1114 814 Servel Inc. 41 414 414 494 + H
1314 8 Sharon Steel Hoop.. 4 314 8 3 -1
21 814 Sharp A Dohme. 6 474 474 414 — 14
6114 86 Sharp* Dopf (394). 4 8814 86 35 -3
8914 914 Shattuck (FQ> < tl 94) 6 10 914 914 — 14
1914 Sit Shell Union Otl. 85 4 4 4
78 28 Shell Union Oil pf... 18 2514 23 23 -3
rt oiiuucii xiiraicri. ., 4 v« »•% */*
23% 8 Simmon* Co. 81 8% 8 8% — %
11 4% Simms Petroleum... 2 6 5 5
16% 5Vi Sinclair Consol Oil.. 126 6% 6% 6% - %
103 68 Sinclair Oil pf (8 >.., 3 69 68 68 -1
12% 8% Skelly Oil... 10 3% 3% 3% - %
62 10 Skelly Oil of ww.... 2 15% 15 15 - %
39 12 Sloss-ShefT Steel pf. 60s 15 12% 12% -2%
16% 2 Snider Packing pf... l 2% 2% 2% — %
21 10 Socony-Vacuum (1). 308 10% 10 10%
95 49% Solv Am pf ww(6%) 1 62 62 62 -1
17% 7 South Port Rico Bug 6 . 7% 7% 7% — %
112% 87 Sou P Rico Sug pf(g) 10s 98 98 98 - %
64% 28% Southn Oai Ed <t). . 2260s 31% 30% 81% — %
109% 31 Southern Pacific (4) 35 32% 31% 32% + %
65% 9% Southern Railway... 24 10 9% 10 + %
83 14V» Southern Railway pf 6 16 15 15 -.1
36 17% Spalding > AG) < 1). . 2 18 18 18
115% 94% SpaldlAGllst pf(7). 20s 94% 94% 94% - %
18% 2% Sparks-Wllhlngton.. 8 3 2% 2% — V4
33% 18 Spicer Mfg pf (3)... 3 18 18 18 - %
17% S% Spiegel-May-Stern.. 4 3% 3*4 3**
20% 12% Stand Brands 0.20). 53 18% 18 13 -%
124 118 Stand Brands pf (7). 1 119% 119% 119% + %
4 2 Stand Cornel Tobacco 3 2 2 2
88% 29% Stand GasAEl <g%). 47 31% 30% 30% -1%
64% 37% Stand Gas&El pf (4). 2 39 87% 39 -1
109% 69% Stand Gas&EJ pf <7) 1 89% 69% 69% -2%
4% % Stand Invest Corp... 1 % % Vi
61% 28% Stand Oil of Cal<2%) 76 29% 28% 29 -%
106 88% Stand Oil Exp pf (6), 2‘ 91 91 91 —1
19 8% Stand Oil of Kansas. 13 10% 10 10 — %
62% 28% Stand Oil NJ (t*)... 408 80% 30 30%-%
34% 7% Starrett (L.S) (80c).. 1 7% 7% 7% - %
6% 1 Sterling Secur (A).. 11 1 1 — V4>
9% 1% Sterling Secur pf.... 1 1% 1% 144 — 44
40 18 Sterling Secur cv pf. 2 18% ll 18 —1
21% 4% Stewart Warner.... 10 6% 6% 6% - %
64% 11% SroneAWebstertml) 2960s 12% 11% 11% — %
26 9 8’Udehaker Cot 1.10) 26 12% 12% 12% - %
45% 26% Sun Oil (1). 6 31 30% 30% - %
40% 15 Superheater Corp(l) 16 16% 16 15 — %
1% % Superior OU. 3 % % %
18% 3% Superior Steel. 6 6 4% 4% — %
2% % Symlnrton...... 1 % % %
6% 1 Svmlngton (A). 2 1% 1 1
21% 12% Telautograph (1.40). 4 12% 12% 12%-%
9% 2% Tenneaaee Coro*.... 11 2% 2% 2% + %
86% 14% Texas Corn (2). 109 16% 14% 15%-%
65% 20% Tex Gulf Sulphur(l) 53 24 23 23% — %
6% 2 Tex Pacific CoalAOil 62 2% 2 2% - %
17% 4% Tex Pacific Land Tr. 18 5% 5 5% + %
22 5 Thatcher Mfg Co.... 6 5 5 6 - %
23 8% The Fair 1). 1 8% 8% 8% - %
9 2 Thermnid Co. 1 2 2 2 — %
27 13 Third Nat Inv (1.05). 3 15% 15 15 - %
35 14% Thompson <J R) (1) 1 16% 16% 15% — %
8% 1 Thompson Starrett.. 1111
9 2% Tide Water Asso Oil. 76 3 2% 3 — %
68 20% Tide Water As of(6) x 6 31 29 31
83 86 Tide Wat Oil pf (6). 4 40 38% 38% -2%
12 4 Tlmken-Deiroit Axis 4 4% 4 4 - %
69 18% Timken Roller B(2>. 20 19% 18% 19% - %
4% 1% Tobacco Products.., 12 2% v% 2%
14 7 Tobacco Prod A t96o 18 7% 7 7% — %
18 2% Transamerlca Corp.. 49 3 2% 3 — %
11% *8 Trl-Contl Corp 7 3% 3% 3%
#4% El Trl-Contl Corp pf (I) 2 64 54 54 -2
45% 24% Trico Products(2%) • 2 26% 26% 26% — %
10 2% Truax Traer Coal Co 2 2% 2% 2% — %
21% 2% (Jlen A uo. 2 2% 2% 2%
75% 20% Underwood-EU-F (2) 9 21 20% 21 — %
72 27% Union CarbA (2.(0). 200 30% 29% 29% —1%
26% 11% Union Oil of Cal (2). 17 14 13% 13% — %
206% 71% Union Pacific (10).. 63 76 71% 76 - %!
87 66 Union Pacific pf (4). 2 56 65 65 -3%
26% 17% Un Tank Car (1.60).. 8 18 17% 17% — %
38% 11% mif Aircraft. 156 12% 11% 12%
61% 40 Unit Aircraft pf (l).x 6 46% 46% 45%-%
27% 6 Unit Am Bosch. 13 6 6 6 —1
41% 23 Unit Biscuit (2).... 7 23 23 23 — %
7% 1% Unit Cigar Stores... 12 2 1% 1% — ^
31% 9% Unit Corp (76c). 637 10% 9% 9% — %
62% 33% Unit Corp pf (I)- 27 34 33% 33% — %
48 35 Unit Dyewood pf (7) 20s 35 36 36
12 3 Unit Electric Coal... 4 3% 3% 3% _ %
67% 22% Unit Fruit (*). 10 24% 22% 23% -1%
37% 19% 1 nit GasAImil.20).. 312 20% 19% 20 — %
106% 98% Unit GasAIm pf (6).. 1 93% 93% 93% — %
107 95 Unit Piece DWpf 6% 10s 96% 96% 96% +1%
30% 6 U 8 Freight. 7 6% 6 6 — %
60 21% U B Gypsum (1.60).. 11 24 21% 21% 3
12% 3% U S Hoffman .... 2 3% 3% 3% - %
77% 20% U S Indus Alcohol... 100 29% 28 29 — %
10% 2% U S Leather. 7 3 3 3
15% 3% U S Leather (A).... 11 4% 3% 3% — %
37% 11 U 8 Pipe A Fdry (2). 7 12% 12% 12% - %
86% 5% U S Realty A Imp.... 9 6 5% 6 + %
20% 4% US Rubber... 22 4% 4% 4% — %
36% 7% US Rubber 1st pf... 8 8% 7% 8 -1%
26% 12% U S Smtg A Ref (1). 20 15 14 14% _ %
47 36 U S Smtg&Ref pf 3% 2 39 39 39
162% 47% U 8 Steel Corp* (4). 743 49% 47% 48% -1
150 103% U S Steel pf (7). 21 104% 103% 104% - %
71% 60 U S Tobacco (4.40).. 1 61 61 61 -1
9% 1% United Stores (A)... 7 2% 2 2 — %
62 21 United Stores pf (4) 6 30 30 30 -1
57% 24 Unlv Pic 1st pf (2).. 20s 43 43 43 —2
4 % Unlv Pipe A Had.... 1 % %4 $4
31 8 Util PwrALt (A) (2) 49 9% 8% 8% - %
2 % Vadasco Sales Corp. 13 % % %
28 14 Vadsco Sales pf. 2 17 16% 16% - %
76% 12'% Vanadium Corp. 41 14% 12% 13% -1%
3% % Va-Cora Chem. 1 % %
71% 42 Va-Caro Chem pf (7) 2 42% 42 42 -1
109 86 VaElec&Pwrpf (6). 20s 88 88 88 -2
34 10 Va Iron Coal & Coke. 10s 10 10 10 -10
71% 30% Vulcan Detln (4)- 130s 32 30% 30% -1%
97 77 Vulcan Detln pf (7). 20s 77 77 77 _4
23 % Wabash R R........ 6 1% 1 lix
61 1% Wabash R R (A)_ 6 2% 1% 2
27% 17% Waldorf Sys (1%).. 4 21 20 21
16 2% Walworth Co.'. 2 2% 2% 9% u
27% 6% Ward Baking (A)... 6 9% 9% st *
8% 1% Ward Baking (B)... 4 2 2 2
67% 24 Ward Baking pf (7). 2 43 42% 42% _9%
20% 2% Warn Bros Pictures. 14925s 2% 2% it - Z
7% 1 Warner Quinlan.... g 1% ... ,*
46% 6 Warren Bros. 19 5% 6 5 I %
49% 16 Warren Bros cv pf 3. 100s 17 17 17
26% 12% Wesson Oil&Sno(2). 2 15% 15% 18% _ v
57% 44% Wesson O&Snopf (4) 3 49% 49 49 H
103 61 West Pa El pf (6)... 70s 65 63% 63% 4-1%
112 65 West Pa El W (7)... 110. 81 80 80 _%
113% 90 WestPaPwrpf (6). 10s 99% 99% 99% +9%
120 100% WestPaPwrpf (7). 10. 109% 109% 109% + %l
44% 10% Western Dairy (A).. 2 10% 10% 10% 1 %
12% 2% Western Dairy (B).. 2 2% 2u 9% *
19% 5% Western Maryland. . 15 gu a"* I
14% 1% Western Pacific. 1 ,y ? * ~ *
31% 3% Western Pacific pf.. 2 4 3* 1*
150% 42% Western Union (6).. 3o 45 Av ,, 1
36% 13 Westlnghse A B<2). 17 15 13 7, “H ,
107% 27% Westlnghouse (2%). 109 28% 27% 2774, 2u
119% 73% Wsthse EM 1st m3 % 20. 73% 73% ]lt~VA
28 6% Weston Elec Instru. 4 7 gu
40 8 W'estvaco Chlor 1.60. 8 914 o at/ 'L
20% 10% Wheeling Steel. 1 i0£ ,5
26% 7% White Motors. 1 n* }?* }0% - %
47% 22% White Rock (t4%).. 6 24% 24% 24% nJ
5 1% White Sewing Mach. 2 1% u it ~1H
10% 2 White Sewing Ma pf. 3 2 2 9 „ I
9% 3 Wilcox Oil & Gas. ... 1 4 1 j ~ *
8 1% Willys-Overland. ... ig 2% 2% 9u
3% % Wilson & C. 1 ^ 2£ , u
10% 1% Wilson* Co 1 A).... 8 2% 2% it t
72% 42% W ool worth •( t4.40).. 153 44^ 43 43u ~vt
106% 20 Worthington Pump. lg 94 XL, ~1%
95 40 Worth Pump A (7).. x 1 «% 43% 43? 7
80% 60% Wrleley <Wm> (4).. 4 ksu 77* ilV* “7
80 11 Yale & Towne (1)... 6 11 n ti „ I
ISM 3M Yellow Truck. 35 L *
76 17M Yellow Truck & C pf 10, 25M 25M olv ~ **
29 8M Young Spring* W(l) 4 8M 8M Ru
78 19 Ygetwn 8heet*Tube. 14 20* 20 20 * ~ %
6M 1 Zenith Radio.. 3 1 1
H 7. Zoplte Prod Corp (1) 43 77^ 7^ %
RIGHTS—EXPIRE.
4K 204 Peop GL&C.Jan 15 27 3 2% 2% - H
Sales of Stocks on New York Exchange
A M.. 400.000 12:00 Noon T40(1 nnn
1:30 p M.1.900.000 2:10 P™!!! !v!! .2 $0
payments dba*efi*onS the latest ’ cucrterfy Vor *hSlf yeaffi* /°?u*1 c»*h
xgx-dividend sLess than 100 shs?e. <r'cl*I'»lloni.
SVyn.bT,kn &F
srt ’.U“ ■is'p.u' a isSvS;"”®’* «a
stock, p Plus JMft in stock raaular rsta. n PlUs It la
Experienced Advertisers Prefer The Star
.. *....
BONDS ARE LOWER
Renewed Selling Is Laid to
Government New Tax
Proposals.
BY F. H. RICHARDSON.
Sptciil Dispatch to Th* Star.
NEW YORK, December 10.—Bonds
continued their decline today in some
what quieter trading.
The market was fairly steady at the
opening, owing to evidences of sup
port not only in the high-grade de
scriptions, but also in some of the spec
ulative rail and industrial obligations.
Regardless of where stocks go to, there
is generally a point at which bonds of
fair security meet support. The details
of Secretary Mellon’s new tax proposals
caused a renewed volume of offerings.
Many of the offerings were Induced by
the chance of taking tax losses and
thus cutting down on 1931 income tax
payments.
This type of liquidation was present
in the decline of such bonds as Atchison
general 4s and other high-grade rails to
new lows, the Atchisons going below 85
after selling well above par earlier in
the year.
New lows were also touched by Nor
folk Sc Western 4s, Union Pacific first
4s. Chicago, Burlington Sc Quincy 4s
and Great Northern 7s. Losses were
smaller in Junior rail bonds, owing to
the past excessive declines and the fact
that tax losses were taken earlier in
the month. Missouri Pacific 4s and 5s,
Erie general lien 4s and refunding 5s,
Chicago & Northwestern 4%, St. Paul
5s. Nickel Plate 4 Vis and 6s, Southern
Railway 4s, Southern Pacific 4*/as and
many others of like type declined, how
ever.
Bonds were fairly steady at the
opening.
The influence of constructive foreign
news kept such descriptions as German
Government 5'is and Dawes Repara
tions 7s fractionally above their previ
ous closing levels. British 5 Vis Improved
slightly with sterling quotations. Italy
7s, Belgian 6s, Austrian 7s and Greek
6s were firm. Japanese issues all were
a shade better. South Americana were
inactive.
In the domestic list, a lower stock
market resulted in some pressure on
rail issues, such as Missouri-Pacific 5s,
Erie 5s, Nickel Plate 41/2s and Inter
national Great Northern adjustments,
but their declines were small. High
grade bonds were firmer after their
heavy dregs on Wednesday.
EUROPE IS STRUGGLING
WITH BUDGET PROBLEM
By the Associated Press.
Thomas Pearson, American admin
istrative commissioner of the Interna
tional Chamber of Commerce at Paris,
writes that Europe, faced with abnor
mal trade and exchange conditions and
uncertainty as to the future, is des
perately endeavoring to balance na
tional budgets and achieve stability
through the enactment of tariff and
other emergency laws.
“This tendency to think and act
along strictly national lines at a time
when calmer judgment urges concerted
action in the common interest,” said
Pearson, "is a phenomenon of the pres
ent phase of the depression. Great
Britain, by decisively abandoning its
traditional policy of free .trade, ap
parently sounded the signal for a gen
eral retreat behind tariff walls—a
movement which at the moment seems
to be based chiefly on the idea of let
ting ‘the devil take the hindmost.’ ”
The character of the British "ab
normal importations" act, which au
thorizes the president of the Board of
Trade to impose, in his dicretion, duties
up to a maximum of 100 per cent on
imported "articles wholly or mainly
manufactured,” took Europe by sur
prise, Pearson said.
Washington Stock Exchange
SALES.
Lanston Monotype—5 at 08, 1 at 68 Vi
American Security & Trust Co.—1 at
290.
Washington Gas 6s A—$100 at 100.
AFTE* CALL.
Capital Traction 5s—$1,OOP at 67, $1,000
at 67.
Capital Traction Co.—10 at 21.
Potomac Electric 5Vi% pfd.—5 at 106 Vi,
5 at 106Vi.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
Bid. Asked.
Amer. Tel. A Tel. 4Vas '39. 111 Va .
Am. Tel. & Tel. ctl. tr. 5s. 101 Va .
Anacostla A Pot. R. R. 5s. 60 70
Ana. St Pot Ouar. 5s . 88 95
C. A P. Tel. ol Va. 5s. 101 105
Capital Traction R. R. 5s. 87 75
City & Suburban 5s . 60 70
Georgetown Oas 1st Ss. 100 .
Potomac Elec. Cons. 5%. 101 .
Potomac Elec. 6s 1953. 107Va .
Wash.. Alex. A Mt. V. ctf. 2 .
Washington Gas 4 Vis. 97% 99
Washington Gas 5s....,. 100 101
Wash. Gas 6s, series A. 100 101
Wash. Gas 6s. series B. 103% 104
Wash Rwy. A Elec 4s. 84% 85>/a
MISCELLANEOUS.
Barber A Ross, Inc.. 6Vas. 70 .
Chevy Chase Club 5%s.. 100 .
Columbia Country Club 5ViS. 100 108
D. C. Paper Mlg. 6s. 25 40
Wash. Mkt. Cold Storage 5s.. . 94 .
STOCKS.
PUBLIC UTILITY.
Amer. Tel. A TeL (9). 122% .....
Capital Traction Co. (4). 20% 21'/a
Washington Gas Light Co. (18). 110 .....
N. & W. Steamboat (12). 180 210
Pot. Elec Power 1% pfd...- 110% .....
Pot Elec. Power 5%% ptd. .. 108% 108
Wash. Rwy. & El eom. (7) ... 420 .
Wash. Rwy. A Elec. bid. (5). . 94 95
NATIONAL BANK.
Capital (14)... ttf «0
Columbia (12)..••••■. 375 425
Commercial (stamped) (10)... 183 200
District (8).. l?g, 210
Fed. Amer. Nat. Bk. A Tr. (2).. 42V, 50
Liberty (71). 1H> 210
Lincoln (10). • 400 440
Metropolitan (14). 275 310
Riggs (15s). 3M 380
Second 19e). 185 195
Washington (13). 180 220
TRUST COMPANY.
Amer. Sec. & Tr. Co. (15)... . 299 215
Continental Trust IS). ... . 115
Natl. Sav. A Tr. (12t). 375 400
Prince Georges Bk. A Tr.. (6)... 28 40
Union Trust (8s). 183 220
Wash. Loan A Trust (14). 400 440
SAVINGS BANK.
Bank ol Bethesda <fit). 54 60
Com. A Savings (10)... 325 ....
East Washington (12). 20 35
Potomac (10). 55 75
Sec. Sav A Com. Bk. (17). 435 500
Seventh Street (12). 280
United States (20)............. 530 630
Washington Mechanics (20)- 50 60
FIRE INSURANCE.
American (12). 275 .
Corcoran (10). IgO •....
Firemen’s (8) . *0 40
National Union (15). 15 20
TITLE INSURANCE.
Columbia (Sh).. J ,1?^
Real Estate (6h>. 146 160
MISCELLANEOUS.
Col. Medical Bldg. Corn (6).... |g *g»
Col Sand & Gravel pfd. (7)... (9 91
D. C. Paper Mfg. pfd..... 0
Dlst. Nat. Sec. Pfd iV........ 65 «
Emer. Bromo-Sels. ‘A (2)- 24 28
Fede-al Storage Pfd. (8).. 10g 110
Fed.-Am. Co. com (1.20f). 19 22
Eed.-Am. Co. pfd <•». »0 93
anston Monotype (6)..... 88 69
Mer. Tr. A Stge. com. (10). 95 103
Mer. Tr. A Stge. pfd. (7). 86 89
N^'Suge1 & Inv°‘p?d. !! *1% 1*
ASlG epfd (8)8^!: ’*$ 8V,
Security Storage He)...... 10O 110
Ter. Ref A Wh. Corp. (3). 43'A 50
The Carpel Corp. (5) . 14J4 20
W Mach. Mtge com....... .... 8H .
Waah. Med. Bldg Corp. (7) .. 90 105
Woodward A Lothrop com. (1.20) 31 35
Woodward A Lothrop Pfd. (7). 107 112
•Ex dividend. a2% extra.
bBooks closed. T2V4* extra. 1
n2Sc extra. extra.
fJOc extra. M* extra.
It* extra. *871 extra.
tlVk*5 extra.
sNA
ON NEW YORK "BONDS STOCK EXCHANGE]
v- l^eceK wl ^ Private Wire Direct te Tlie Star Oflke
UNITED STATES.
(Seles ere In 11.006.)
Seles. High. Low. 3:5Sl
Lib 3*s 32-47.. 21 99 15 98 24 98 24
L let 4 *8 82-47 45 100 17 100 9 100 9
L 4th 4*e 33-88 66 100 29 100 25 100 26
U S 8s 1961-6.. 184 89 5 88 29 88 30
US81ii'49.... 6 91 10 9028 90 30
U S 3*8 M 41-3 12 95 28 96 23 96 23
U S 3*8 J 40-3. 4 95 28 95 20 95 20
US 3*8 43-47. 6 95 30 95 16 95 16
US3*s 46-56. 112 98 12 98 4 98 4
US 4s 44-54... 40 100 15 100 8 100 10
US 4*8 47-62. 241 103 2 102 24 102 25
___ , Sales. Hlah. Low. 3:61
Abltlbl PAP 6a ‘63. 7 34* 34 34*
Adams Exp 4s ’48.. 6 69* 68 69*
Alleghany Cp 6s’44 14 35 34 35
Allegheny 6s‘49... 8 28 24 24
Allegheny 6a‘60... 11 21 19 19
Allia-Chalm 6s‘37. 2 89 89 89
Am Beet Sug 6s'35 21 26 25 26
Am Chain 6s'33.... 11 89^ 9914 99^4
Am FP 5s 2030- 15 44* 40 40
Am I O Ch E*s ‘49. 21 66* 64 64
Am Inti 6*s‘49... 25 71 71 71
»tn Metal 6*s‘34.. 12 55 54 54
Am N Oas 6*a ’42. 3444
Am SAR 1st 5a *47. 3 97 96 96
Am Sug Ref 6s’37. 8 3 03 102* 103
Am T«T cv 4*s'39 26 109 108* 108*
Am T A T 6s '85... 40 99* 9914 99*
Am TAT c tr 5s '46. 19 102* 102* 102*
Am TAT 6s s f *60. 68 100* 100 100
Am TAT 6*s'43... 70 104 102* 103
Am Wat VVks 6s '76 12 80* 75 75
Am Wr Pap 6s’47.. 2 25 25 25
Arrentlne 6*a’62. 1 46 46 46
Argentine May ’61. 3 54 54 54
Argentine 8a Ju’69. 7 56* 55 55
Argentine 6s Oc’59. 18 54* 68* 53*
Argentine 6s A’57. 20 53* 53* 53*
Argentine 6s B’56. 3 65* 54* 54*
Arm A Co 4*a '39.. 15 73 72 73
Arm Del 6*8*43... 58 62* 61 62*
Assoc 011 6s’36- 1 99* 99* 99*
Atchison gn 4s '95. 35 86* 85 85
Atchls cv 4*s'48.. 37 96 94 94
Atch Aria 4 *s '62. 12 87* 84 84
Atl C L cl 4s'52.... 10 61 61 61
All C L 1st 4s’52.. 14 80 79* 80
At C L 4*s'64.... 2 80 80 80
At Gulf 6s'59. 27 44 42* 42*
Atl Ref db 5s 87... 8 96* 95* 95*
Australia 4*8-66.. 4 43* 43* 43*
Australia 6a'66... 104 60 49* 49*
Australia 6s'67... 37 60 49* 49*
Austria 7s’43. 42 86 83 83
Austria 7a '67 ctfa. 20 37 35 37
Bft0 4a'4S.,. 63 83Vi 81% 82%
(B*04%s-J3. 17 71 70 70
B*Oct4V4«’IO.. 39 46 42 42
B ft O 1st 6a '41.... 2 98 90% 90%
B ft O rf 6s '96. 2 62 62 62
' B ft O 6a D 2000.... 6 55 56 66
Bft06s'»6. 4 63% 63% 63%
Bk of Chile 6%s '67 3 15 15 15
Bk Chile 6%s'61.. 8 26% 26% 26%
Batav Pet 4%s'43. 29 78% 77 77
Belgium 6a'66. 26 75% 74 75
Belgium 6%a'4*,. 27 85 82 82
Belgium 7s 66.... 84 86% 84% 86%
Belgium 7a'8».... 123 86% 84% 86%
Bell Tel Pa 6a B '41 2 103% 103V, 103%
Bell Tell Pa 6s C'*0 16 104% 104 104
Bind Loan C 6s '46 3 80 80 80
Berlin Cy El 6a '56. 5 20% 17% 17%
Berlin C E 6 Via '60. 6 22% 22% 22%
Beth Stl nm 6s'36. 6 97 95 95
Beth St] rf 5%s'42. 7 96% 95% 96%
Bolivia 7a’63. 13 8% 7 7
.16 1% 6* «%
Boll via 8s 47. 6 11 10% 10%
Bordeaux (a '34... 24 101 100% 100%
Bos & Mt 5s *55,... 6 61% 61% 61H
Boa&MeBa'*7- 6 68% 63% 63%
Braxil 6 %s ’26.,... 26 18% 17 17
Brazil 6%a U7.22 19 17% 17%
Brazil 7s. 2 17% 17% 17%
. 4 24 23 23%
RL^en7V“v/." 2 30!* 30% 80V.
A6* 4*" 6 10S7/i 103% 103%
Bklyn Elev 6%a... 1 26 26 26
BMyn Man 6a 68.. 66 90% 89% 89%
Rkjyn Un6a‘45.." 7 104% 104% 104%
Bklyn Un 1st Ds'50. 6 93% 99% 99^
Budapest 6s'62.... 3 22% *>2 22%
Buff Gen El 4% *"31 1 97 97 97
B R* Pitt 4%s'57. 10 50 60 60
Buenoa A 6s'6i Pv. 9 28 27 27
Bush T Bldg 6a'«0. 5 92 92 92
Calif Packing 6a '46 1 66 65 65
Canada 4s 60. 10 73% 72% 72%
Canada 5s'62. 16 89% 89 89%
CAO Nat Ry 4%a'56 2 74% 74% 74%
Can Nat 4%a '67. .. 49 74% 73% 73%
Can Nat 4%s'$3 .. 7 76 72 72
Can Nat 6a Oct'69. 6 80% 80 80
Can Nor 6%rfdb'46 9 94 93% 93%
Can Nor 7s dh'40.. 6 93 92% 92%
Can Pac db 4a. 43 63% 62 62
Can Pacific 4^8'46 3 71 69% 71
Can Pac 4%s'60... 16 69 68 69
Can Pae 6s '4’4. 7 87 SI 87
Can Pac 6s'54;...; 12 70 <57 «7
cent Pac 4s ’49.... 3 8i 81 81
Cent Pac 5s '60- 1 8o 80 80
Cen Ry NJ g 5s’87. 15 98% 98% 98%
Sj.rt'lidb *** '4*' 11 45% 45 45
Cbes Cdrp 6s'47... 30 76% 75 76
CAOgen 4^s'9I. 4 91% 91% 9H*
CiO 4%sA’93.. 5 77 77 77
CA O 4%s B'95... 17 77% 76 76
Chi A Alt 3s,. 12 43 40 40
C B A Q gen 4s '6*. 17 85 86 85
C BAQ 1st rf 6s ’71. 1 97% 97% 97%
Chi A Est III 6s’51. . 2 14% 14 14%
Chi Ort West 4s'*9. 29 46 44 44
^!"*SiP4s’»9- 39 56 66 56
Chi MAStP4%sE. 7 60 59% 59%
CMAStP4%s'89. 26 62 62 62
C M StPAP 6s'75.. 99 28 25% 25%
CMAStP*415s..243 7% 6 6
ChlANW g 3 %s '87 1 61% 51% 51%
'rw*Vw 8C20IT* 60 36S5 35
Chi A NW cn 4%s. 53 27 26% 25%
^!^Torf6s 2037 5 36 35 35
n t De”/' '88' 3 65v* 65% 66%
2\Wf,4* 14 19 53% 50 50
Chi R ! A P 4%s '63 19 44 43% 43%
Chi R I cv 4 %s'60. 13 29% 28 °9%
Chi' n^y.nCstan®«' ‘ 5 2626% 26%
2 \u.B 63 • 2 1(>o% 100 100
Chl Qn Sta «%s '63 3 106% 106% 106%
f * I".21 14% 14 14
£*!} 5 .?!.13 14% 14 14
£b 6 78 42. 6 23% 23 23
Chile Cop .lb 6. 47. 21 65 65 65
ClnUnTrust 5s 2020. 19 97 96% 96%
CCc&StL4%sE'77 13 62% 60% 60%
Clev Term 6s '73... 2 97% 97% 97%
Clev Term 5 %s '72. 2 97% 97 97
Cologne 6 %s '60... 3 21% 21% 21%
Co omb 6s Jan'61.. 9 25 24 % 24%
StonOH 34 25V4 23% 23%
Colon 011 6s 38..., 12 31 29Va ?qv,
Colo A Sou 4 %s'35. 6 82% 82% 82%
2a3° * ®,ou 4%a '80 1 55% 65% 55%
^fS6,M*y'6!! 39 gl% 8® 80
^.Ol GAE cou fis ’61. 9 gi 80% 80%
Com Inves6%s’49. 16 89 88 88
CC Md 1st rf 5s’60. 1 26 26 26
23 96V‘ 94% 94%
ConQN Y6%s 45. 10 104% 103% 103%
p0K*uA1^p°^6s,62 2 10l% 301 1017^
in'.45. 73 42 4114 41%
Cuba RR rf 7%s'38 5 40% 40 40
Ceecho 8s'52. 6 100 100 100
uei ft Hud rf 4a *14. 12 784 77 77
Del & Hud cv 5s '35 5 83 83 83
Del PwriL 4 Via 71 1 94 94 94
Danmark 4 Vi s '63 .. 4 54 54 54
Denmark 6 Via’55.. 1 644 644 644
68 •«•••• 1 744 74 4 744
St 2Qrcn 4s’36' 2 64 64 64
lStS2 „ 6,‘55" 21 21% 15 16
DUG* W 5s 78.. 10 36 85 35
Dat E G*R4Via’61. 12 94% 934 934
Set Edison rf 5i*4 9 46 1014 1014 1014
Det Unit 4Vis *32... 4 90 90 90
Deutsche Bk 6s *13. 19 664 63 654
Dodge Brel (a *40.. 12 83 83 83
Duquesne 4 Via '67. 16 99 984 984
Dutch East 1 Ss'47. 2 78 74 74
Dutch East I ta’62. 3 75 75 75
EastCSug7T4,-3T 125 ■«* 6 6
El Salvador Ss'48.. 3 54 53 53
Erie 1st con 4a'9«.. 21 674 564 664
Erleconv4sB. 6 384 r*a 38
Brie gen 4s........ 13 *7 4.. <
Brecv6s'67.. 82 85 32
Brie 5a '76. 42 34^ 301^ J-"*
Finland 6Vis'5*... n 424 424 424
Finland 7a '50. .... 1 65 55 55
Fla E Coast fig '74. 22 74 64 64
Fram I D7Via'48.. 15 97 96% *964
F^rnneli ’«».27 112 111% 112
French 7Via '41.... 71 113 112 1124
Galaenk’htn <8*14.. 1 31 81 31
Gen Baking 6 Vi a‘40 27 93 92 92
Oen Motora Sa '*7.. 66 100 99 4 994
Gen PSv6Vi0'*9.. 12 83 824 824
Gen St Cae 5 Vi0*49. 3 62W 624 624
Gen Th Eq 6a'40... 80 34 J 3
German 5Via'OS... 139 29 28 284
German Bk Oa*SI.. 13 294 28 28
Gar Oen Bk fa '00 J 8 274 274 274
Gar Can Bk la *00 O 39 29 274 29
German 7a rep'49. 99 60 49 50
German Bank 7# *10 21 35 32 35
GerOenEl7**4*.. 6 82% 32% 32v*
®~8rJob«V«*4*. 80 48 43 43
6ood lat OV4e*47.. 4 684 63 4 634
GoodyrRub6a*S7.. 17 76 72 72
8 »«4 90 90
h?oJiulk.I?’t°* 8 83% 92% 88*
m 4V4.* 77 B' 2 68 63 63
Nor «n 6 4 a*6t 8 79 76 79
Grt Nor fh 7**80.. 29 87 4 80 86
teles Hith. Low. 1H
Greek 6s'66. 2 46 46 46
Haiti <a'S3. 2 694 694 694
Hock Val 4Ha'99.. 44 87 844 844
Hoe A Co «Ha‘34.. 1 25 25 25
Hud AM adl 6a'67. 34 58% 56 66
Hud A M rf 6a ’(7.. 11 80% 79% 794
Humble Oil 6a'37.. 26 100 100 100
Humble O 6Ha'33. 12 1004 100 1004
Hungary 7Ha'44.. 17 S2 314 314
III Bell Tell 6a'H.. 14 1034 102% 102%
111 Cent 4a ’62. 2 39 39 39
111 Cant 4% ‘66.... 22 314 30% 31
111 CCStLAN 6a A.. 2 31 31 31
HI Steel 4 He '40... 28 98 97 97
Inland St 4Ha A*7S 7 80% 80 80
Inland St 4H» B'61 1 804 804 804
Int RapTr 6a'66. . 72 464 454 46
Int RapTr eta '66.. 84 47 454 454
Int RapTr 6a‘32.. 5 33 32 33
Int RapTr 7a 33... 25 63 624 63
Int Cement 6a'43.. 5 714 71 71
Int A Gr Nor 6a’62. 29 60 50 50
Int A G N ad 6s '62. 7 134 12 13
I*t Hydro El 6s '44 5 60 484 60
Int MM col tr 6s ’41 5 60 50 50
Int M Co 5s rct’41.. 85 53 514 514
Int Match 6a '47... 16 50% 60 50
Int Pap 6s A *47... 7 52 51 51
Int Pap 6s '66. 1 37 37 37
Int Ry C A 6HsM7. 1 28 28 28
Int TAT 4Hs '52 .. 14 454 424 424
IntTATcv «Hs’39. 19 63 494 494
Int T A T 6a '66- 24 51 48 48
Italy 7s '61. 44 834 824 834
Italy Pub S 7a'62.. 6 61 60 60%
Japanese 5H»’65.. 12 77% 774 77%
Japanese 6Hs'64.. 22 93% 93 934
Jugosl Bnk7a'57.. 5 36 36 36
Kan CFtS&M 4s '36 2 47 47 47
KanGAE«Hs'S0.. 12 844 83% 834
Kan City Sou 5s'50. 4 60 60 60
Kaji City Ter 4s’60. 13 84% 834 834
Karstadt 6s ‘43..., 6 21 20 21
Kend 5Ha‘46 ww.. 3 53 53 53
Kreug A Toll 6s'69. 6 49 484 49
Lackaw St 6a '50... 2 95 95 95
Lac O St 1. 5s '14.. 3 964 96 96
Laclede 5Hs D'60. 2 794 79 79
Lake Shore 3 H»'97 7 73 724 724
Lautaro Nit 6s'64. 4 104 10 10
Leh Val cv 4s 2002. 1 45 45 45
Lis A Myers 6s ’51. 3 103 103 103
Llg A Myera 7a'44.. 3 116 116 116
Loew’s 6a ax w '4*. 44 89% 88 88
Long Isl rf 4s'49.. 1 76% 76% 56%
Lorillard 6s ’51..,. 15 87 86 87
Lorlllard 5Ha'17.. 5 1014 1014 1014
Lormara 7s 44.... .3 107 107 107
La & Ark Es'60.... 1 41% 41 41
Lou O & El 5s '52... 13 101 100% 100%
L * N uni 4s‘40.... 5 81 80% 80%
L&N 1st 5%s 200*. 1 85 85 85
Lvons 6s ’14. 4 101 100% 100%
McKss A R 5%*’S0. 11 60 59 59
Manh Ry 1st 4s’90. 1 35 35 35
Market St 7s’40. .. 1 88 88 88
Marseille «s 14.... 7 101 100% 100%
Midvale Stl 5s’35.. 3 95% 95% 95%
Milan *%a ’62. 27 64% 64% 64%
Mil E Ry & L 6s'61 2 88% 86 86
Mil El R.vALt 5a *71 1 90 90 90
M StP&SSM on 4s.. 1 47% 47% 47%
MSP&SSM 5%a’78. 2 50% 50% 50%
M K A T 1st 4s'90. 9 70% 70 70
M K*T4sB’62... 1 53 53 53
M K & T 4%s 78... 11 51 50 51
Mo Pac gn 4s’75. .. 38 29% 27% 29
Mo Pac 6s F 77.... 13 48 46% 47%
Mo Pac 6s O'78.... 1 47% 47% 47%
Mo Pac Ss H 80. .. 19 48% 47 47
Mo Pac rf 5s ’ll... 22 48 46% 47
Mo Pac 5%s A'49.. 7 36 33% 34%
Mobile-Ohlo 5s '38. 1 17 17 17
Mont Pow 5s‘41... 1 98 98 98
Montevideo 6s '69.. 2 21 21 21
Montevideo 7*’52.. 1 23% 28% 23%
MorACo 1st 4%a'39 1 71% 71% 71%
Nat Dairy 5% a ’4*. 49 90% 89% 89%
Nat Steel 5s’5*- 11 75% 75 75
Netherlands 6s’72. 1 101% 101% 101%
N Ena T 1st 6s’62. 6 104 103 103
N O T A M 5s B ’54. I 80 80 30
Nw S Wales Es '67. IS 47% 47 47
Nw .S Wales 5a’58. 2 47 46% 46%
N Y C gn 3%s 97.. 8 72 70 70
N Y Cent 4s '98_ 1 73 73 73
N Y Cent db «s’34. 2 86 86 86
N Y Cent 4%s 2013. 34 69% 68% 58%
N YCrf 4%s 2013. 12 69 58 58
N YCrf 1m Ss 2013 14 67 66 65
N Y Cent db 6s’35. 6 76% 76% 76%
NYC&StL 4 %s’78. 8 21 20% 21
NW('A8tL5H*A.’74. 10 27% 26% 27
NYC&StL 6s’32. .. 19 26% 24 24%
N T Edlsn 5sB’44. 4 104 menu inea/.
At* 1 89* 89* 8»h
N Y Ed 1st 6%s41. 2 110 110 110
NY ELHAP 4s 49. 26 94% 93% 94%
NY NH&H 4s 56.. 10 56 66 56
NY NH&H db 4s’57 3 50 50 50
NY NH&H 4 % s '67 2 65 65 65
NY NHAH clt 6s « 2 80 80 80
S3S££,Hc<16s'4*- 6 85V4 ss% «5%
l8t *"'**• 3 4*Vi‘ <3% 43%
^StRy4%s-*J. 5 3 3 3
S3 39.... 106 100% 99% S9%
NY W&B 4 % s 46.. 2 50 48 48
Nla Sh Md 6%s’50. 3 72% 71% 72%
Nord 6%s '50. 29 98% 96% 97
Nor* Wncv4s'9«. 1 89% 89% 89%
No Am Co 6s 61... 13 85 83 83
Nor Pac Ss 2047... 13 56 55 66
Ncr Pac 4s '97 . 80 76% 76% 76%
Nor Pac r 1 61 2047. 9 73 72% 72%
Nor St Pw Es A '41. 1 99% 99% 99%
Nor St Pw 6s B '41. 1 102% 102% 102%
Norway 6%s'65... 2 67% 67% 67%
Norway 6s ’43. 2 75% 75 75
Norway 6s'44. 4 76% 75 75
Ores-Wash 4s '61.. 3 71 71 7t
Orient dev 6%s'5S. 3 66% 65 66%
PacO&E5s'42- 6 100 100 100
Pan Am Pet 6s'34. 14 101% 101% 101%
Pan Am Pet 6s'40. 2 15% 15% 15%
Paramount 8s'47.. 3 50% 49% 49%
Paris-l.y M Is '6*.. 12 96% 94% 96%
Paris-Ly M 7s '58.. 31 98% 98% 98%
Parls-Or 5%s'll.. 2 95 95 95
Pattis Exch 7s'37.. 1 63% 63% 63%
Penn 4%s D 'll- 10 78 78 78
Penn cv 4%s 10... 18 94 93% 93%
Penn sn 4%s'65... 20 80% 78% 78%
Penn 4%s '70. 32 65% 62% 62%
Penn 4%s'63. 4 72 70% 70%
Penn sen 5s'll- 18 91 86 86
Penn 6%s '31. 15 98% 97% 97%
Penn O&D 4%s '77. 1 75 57 75
Penn P&L 4%s 'll. 25 87 85 85
Peoples’Gas 6s'47. 1 100 100 100
Pere Mar 4 V4s '80.. 12 36 34% 34%
Peru Is'60. 8 8% 8% 8%
Peru 6s '61. 5 8% 8 8
Peru 7s'59. 4 18% 16% 16%
PhllaCoBs'lT. 12 88% 8?% 87%
rnua wot is ll... 13 9U 89 89
Phil & Read 6s ’*9. 13 39% 39 39
Philippine R 4s'37. 10 20% 20% 90%
Phillip Pet 6 %s ’39 28 66 65% 55%
PillsbPM 6s’43... 2 103 102% 102%
P & W V 4 %s C'60. 2 52 49 50%
Poland 6s '40. 1 52 52 52
Poland.7s'47. 38 50 49 60
Poland Is '60. 14 52% 51% 81%
Port Gn El 4%g’60. 13 62 60% 60%
Por R Am T 6s'42. 4 37% 37 37
Pos Tel * C 6s’63.. 19 32 28% 28%
Prague 7 % s ’52.... 1 98 98 98
Pressed St C 5s’33.. 2 75 75 75
Prussia Cs '52-.. 3 21 19% 19%
Public Serv 4s '71.. 12 89% 89 89%
Pub Sv G 4%a '87.. 4 98 97% 97%
Pub Sv G 4%s '70.. 2 98% 97% 98%
Pure Oil 5%s'37... 2 78 76 78
Queensland 7s'41.. 11 63 61 61
Read gn 4 % * A '97. 12 73 71 71
Reading 4% s B’97. g 71% 71 71
Rem Arm* 6s A’IT. 3 71 70% 71
Rem R 6ViS A‘47.. 3 49 43 43
Rhinelbe 7s ’46.... 4 26% 26% 26%
Rnlne West 6s ’52.. 9 34% 34% 34%
Rhine West 6s’61.. 3 34% 32% 32%
Rhine West 6s ’55.. 7 32 32 32
Rich Oil Cal 8s’44. 11 16 15% 15%
Rir.de Jan 6%s’5*. 9 13 12 12
R Gr Do Sul 6s ‘Cl. •? n jo n
Rome 6 %s ’62. 5 69% 68% 69
Roy D 4s’46 ww... 2 72 72 72
Si L&SF in 4s A ’50 27 29 27 27
St L A S F 4 Vis’78. 51 18% 17% 17%
trtL&SF p I 5s B ’60 2 31 30% 30%
St S W cn 4s 32. ... 9 40% 40 40
Sao Pau 7s'40 ret.. 14 52 51 62
Sao Paulo 8s’36... 1 38 38 38
Saxon P W 6%s'61. 2 20% 20% 20%
Saxon 7s ’45. 4 26% 26% 26%
Seab A L rf 4s ’59.. 15 5 5 5
Seab A L 4s st'50.. 1 14 14 14
Seab A Lev 6s'45.. 8 4% 3% 4
Seine 7s'42. 24 105% 105% 105%
Serbs-Cr-617s ’61.. 13 33% 33 33
Serbs-Cr-Sl ts ’62.. 15 37% 35% 35%
Shell Un 011 6a’47. 4 60% 60% 60%
Shell Un 011 6s 49. 19 60% 60 60%
Shinyetsu 6%s’52. 9 52% 52 52 x
Sinclair 0116%s’S6 3 78 78 78
Sine O 7s cv A'37.. 20 82% 81 81
sine Cr O 5%s ’38.. 67 99% 98% 98%,
Sine P L 5s '42.... 2 96 96 96
Skelly 0116%$’39. 26 55 53% 53%
Sotssons 6s ’36.... 3 100% 100% 100%
Solvay Am 5s ’42.. 10 .85% 85 85
Son Bell TAT 6s’41 4 101% 100% 100%
SW Bell T 6s A’54. 6 101% 100% 101%
Sou Pse col 4s '49.. 5 67 65 65
Sou Pac ref 4s *66.. 19 80 78% 78%
Sou Pse 4 Vis ’88... 14 67 6514 65%
Sou P 4 Vi S ‘69 ww. 22 * 67 66 ««%
Journal Editor Suggests Con
ference to Lift Industry
Out of Depression.
BY WILLIAM VOIGT, JR.,
Associated Press Staff Writer.
TULSA, Okla., December 10.—Tee
tering on the fence that divides,-apo
nomic security from serious trouble, the
oil industry is presented “a way outt'—
a plan for all interested parties b«*et
together at the call of the Federal
Government and thrash problems,until
a solution appears. ;oU
A. H. Rowley, managing editor a**the
Oil and Gas Journal, who con delved
the plan, suggested that the many
forces concerned with the in<fc*try
gather, preferably in Texas, whereithe
balance of productivity lies, beforpiihe
first of the year to decide on a cQHfse
for future action. tan
Prefacing his views with the declara
tion that unless definite steps are taten
the price of crude oil will drop by;the
first of the year, Rowley declaredii'the
Industry, the State and the Ftfdwal
Government” should “take lnventc*y”
and decide how to "prevent recurmnce
of depressed conditions of the "past
year.”
Statistical Condition Improved^
He recalled that for 20 months-Tthe
industry’s statistical condition haajjsp
stantly improved. Excessive $ft|ks
have been withdrawn each month-since
March, 1930, Bureau of Mines flgqyes
show. i j-1o
However, with the Winter decline-;in
consumption upon the industry, jmo
duction is running steadily higher-efean
demand, refinery stocks have increased
until the price has softened almost to
the vanishing point, and there iaex
treme danger of the crude price fcpp
plng to the low mark reached last
Spring. r
In the forthcoming issue of the Jour
nal Rowley writes:
"The petroleum industry should* be
marshaled in the parade of industry
back to prosperity. It is the one busi
ness whose market for its chief product
—gasoline—has not shown a deq&gse
during the period of general depres
sion. It is an industry in which eygry
person in the Nation is interested,
either through purchase of gasolia^-or
through its expenditure of apRilwi
mately one billion dollars annuallsngor
labor, material and equipment, affect
ing many lines of business.” u»rt
A full, free discussion of condrttois,
of the trend of crude oil production,
of gasoline manufacture, of prokwble ,
consumption and of ways and tnflgns
of balancing supply and detnanrtqso
stabilization may be maintains®; is
urgently needed, he said. r
There is little danger of failuo^aas
was the case at the Colorado Spvlags
meeting of two years ago, presidednjver
by Mark L. Requa of- Callftxnia.
"Much has been learned since than,”
Rowley said. “Matters which liSfer
fered with success of that meeting
would have no place in a round-table
discussion now.”
Warnings Issued.
The plan would call together PegiSpral
Government representatives, all organ
izations connected or affiliated witfcthe
industry and State regulatory traces
empowered to speak for the State*-,.,
That there is a genuine fear thaji^he
Winter will bring deep suffering tq^jhe
industry and all connected with,?]* is
shown by recent warnings of its ^j&ief
spokesmen. -,nt
Only two weeks ago W. N. Davis,
president of the Midcontinental OfTtmd
Gas Association, declared production
must be reduced or a price decline, with
its attendant troubles, would fall Aon
the industry. . .
A similar warning came 10 dayaaago,
when representatives of Kansas find
Oklahoma regulatory bodies, Davis and
Amos L. Beaty, president of the Ameri
can Petroleum Institute, met here and
urged a general 10 per cent slash in
midcontinent output. i
Bond Extension Planned.1
BALTIMORE, December 10 t, Spe
cial) .—The United Railways Se Electric
Co, which controls the trolley sys
tem of Baltimore, is reported to be
working on a proposal for a two-year
extension cf its Central Railway ex
tension and improvement first $• per
cent bonds, which mature In the
amount of $598,000 next March 1. and
its Central Railway consolidated 5s,
which mature in the amount of $694,
00Q next May 1.
The company has successfully nego
tiated with holders of the Maryland
Electric Railway bonds, which matured
last October and these were extended
with a higher coupon. ‘
Bank of France Statement;
PARIS, De ember 10 tJP). — The
weekly statement of the Bank of
Prance shows the following changes in
francs: Gold Increased 109,000,000;
sight balances abroad increased 210,
300.000; bills discounted at home de
creased 1,473,000,000; bills bought
abroad decreased 46,000,000; advances
Increased 113,000,000; circulation in
creased 479,000,000; current accounts
lecreased 1,604,000,000. *
Rate of discount, 2 Vi per cent.
-----1_
I Sale*. High. Low 2 54
Sou Psc 4%s'81... 5 66% 63% 63%
Sou Ry gn 4a ’56... 12 43 40 40
Sou Ry 6a'94. 11 78% 73% 73%
Sou Ry 6%s '55- 1 58 68 68
St Oil N J 6a'45... 17 101% 101%»101%
StOll N T 4%s'51. 16 94% 93%' 93%
Sug Es Or 7s'42... 6 2% ’2% 2%
Sweden 6%s '64... 21 76% 75% 75%
Swiss o%s'46. 3 102% 102% 102%
Taiwan E P 5%s-71 1 63 63 63
Tenn El P 4s A '47. 7 99% 98% 98%
Ter As St L 4s '53 .. 1 82% 82% 82%
Texas Corp 5s'44. . 5 80 78 - 78
Tex & Pac 5s B'77. 1 60 60 60
Tex & P 5s C '79 . .. 1 60 60 60
Third Av rf 4s'60. . 6 46 46 45
Third Av adj 6s'60 11 29% 29% 29%
Toho El Pw 6s'32. 2 95% 95 95
Toho El Pw 7s'55. 20 72% 72% 72%
Toklo 5%s'61. 2 67 66 66
Toklo El Lt 6s'53.. 62 68% 55% 55%
Un Pac 1st 4s'47.. 5 89% 89% 89%
Un Pac 4s '6*. 30 68% 68% 68%
Un P 1st rf 5s 2008. 5 96% 96% 96%
Unit Drg cv 5s'5i. 3 89 86% 87%
Utd King 5%s '87 . .146 89 88 88%
U S Rub 1st 6s'47. 37 39 38 38
Un St W 6%i A‘47. 4 20% 19 19%
Ud St W 6%sA'51.. 5 22 21% 21%
Ud St W 5%sC'51.. 1 21 21 21
Uruguay 6s 40- 3 29 27% 27%
Uruguay 6s'64.... 10 29% 29% 29%
Uruguay 8s 46.... 3 45% 44% 45%
Utah P & O 5s 44.. 3 90 *9 90
Util Pw 5s '59 ww. 11 45 42% 43%
Util Pow 6 %s '47.. 14 48 43*4 43^
Vanadium St 5a*41. 10 57 56% 57
Vert Sug 1st 7s'42. 3 9 8% 8%
Vienna 6f 52. 16 68 55 56
Wabash 4%s‘13... 9 13 12 12
Wabash 1st 6s '39.. 6 67% 67 67
Wabash 5s B '73... 19 14% 14 J4
Wabash 5s D'30... 12 14% 14 t4
Wabash 5%s *75... 4 15 j.g% 12%
Walworth 6s A'45. 1 33 31 33
Warn Br Pic 6s*S9. 47 28 26% 26%
Warn Quin 6s'39.. 2 34% 34% 34%
Warsaw 7s '58. 4 37% 36% 36%
Wst Sh 1st 4s 2341. 2 71 70 70
West El db 5» 44.. 2 100% 100 100
West Md 4s'52. . .. 5 46 45 45
West Md 5%s'77.. 1 48 48 * 48
West Pac 5s'46. ... 8 41 40 40
West Union 5s'51. 4 63 62% 63
West Union 5s 60. 12 63% 68 63
Wes: Un «%s’36.. 14 83 80 81
W E O 5%» ’37 ww. 10 101 100 100
Wick S cv ct 7s’35. 1 3 3 3
fokohama 6* '61... 3 75% 73% 73*
fgatn SAT 5a A'73. 3 68% 6t ^-67

Evening star. [volume], December 10, 1931, Page A-14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], December 10, 1931, Page A-14, Image 14
About Evening star. [volume] (Washington, D.C.) 1854-1972