Evening star. [volume] (Washington, D.C.) 1854-1972, December 02, 1937, Image 21

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Evening star. [volume], December 02, 1937, Page A-21, Image 21
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 02 Dec. 1937. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1937-12-02/ed-1/seq-21/>

Newspaper Page Text

CORPORATE BONDS
Follow Irregular Course.
Cuban Loans Score
Sharp Advance.
i
Bond Averages
20 10 10 10
Ralls. Indust. Util Pan
Net change- —.1 +.1 —.2 +.1
Today, noon 72.0 96.5 92.3 65.0
Previous day 72.1 96.4 92.5 64.9
Month ago.. 75.9 98.6 92.6 66.6
Year ago... 97.5 104.1 102.1 71.2
1937 high_ 99.0 104.4 102.8 74.7
1937 low- 70.3 96.2 90.3 64.2
1936 high_ 98.2 104.4 103.1 73.0
1936 low- 36.9 101.8 99.3 67.6
1932 low.._ 45.8 40.0 64.6 ,42.2
1928 high—101.1 98.9 102.9 100.5
10 Low-Yield Bonds.
Noon-106.1 Prev. day. 106.1
Month ago 107.4 Year ago. 113.3
1937 high. 113.7 1937 low. 105.6
1936 high. 113.5 1938 low.. 110.2
1928 high. 104.4 1932 low.. 86.8
(Compiled or the Associated Press.)
B» the Associated Press.
NEW YORK, Dec. 2.—Cuban loans
rose sharply in the bond market today
on rumors ot early action toward end
ing the four-year default on the
public works 5VaS.
In the late trading that issue gained
about 2Vi, while Cuba Northern Rail
way 5Vis were up 1*
The market generally held to a nar
row mixed range, with trading inac
tive. Most U. S. Governments were
higher, gains in the Treasury group
ranging from 1-32 to 7-32 of a point.
NEW YORK BANK STOCKS
NEW YORK Dec. 2 bpi.—New York
Security Dealers' Association:
(Quotations as ol 2 o'clock.)
_ . Bid. Asked.
Bank of Am (2.40)_ :)!( 4i
Bk of Man (l'/a) __ 22'a 24
Bankers Tr <2) ___ 47'2 4944
Bklyn Tr (4) 83 88
Cen Han Bk * Tr (4)_ 80 80
Chase Nat (1.401 _ no 32
Chcm Bk & Tr (1.80)-_ 4(1'a 42'a
Commercial (8i 130 130
Cont Bk & Tr (.8(1)_ 11'2 13
Corn Ex Bk & T (3) _ 47 48
Empire Tr (1) _ 214a 224a
First Nat (Bosi (2) _ 3liV, 38U
First Natl (10(1) 1720 1700
Guaranty Tr (12) xd_220 234
Irvine Tr < .60) 11 12
Manufacturers' Tr (2) __ 34‘a 3014
Manufacturers' Tr pf (21 45 47
Natl City (1) _ _ 2644 273«
N Y Trust (5) _• 96 90
Public (lUa)_ 2844 30
Title G & T _ 5'a 844
FEDERAL LAND BANKS
NEW YORK. Dec. 2 OP).-—Federal Land
Bank bonds:
Bid Asked.
444 Nov 1958-38_103‘e 103‘a
4s May. 1958-38_1014, I01'8
, 4s Julv. 1940-44_lit) ll(|i2
3Us May. 1955-45- 102 u 1034a
3s July. 1955-45_lill3, 101U
36 Jan. 1950-40_lul3, 101»,
as May. 1950-48._1013, 1014,
PARIS BANE CHANGES.
PARIS. Dec. •’ bp).—The Bank of Prance
atatement as of November 27 (in millions
of francs':
Gold reserve _ _ _ 58.932 Unch.
8ight balances abroad_ It! — 2
Bills purchased abroad 927 Unch.
Discounted commercial bills
—Prance 9.282 +417
Temporary advance to
state 'prior to June 18.
193 b 1 ... 12.098 Unch.
Temporary advances to
state (since June 18.
> 1936):._ ... 14.820 Unch.
Advances against securities 3,674 —140
Circulation 90,130 +141
Total credit to current ac
count _ 20,578 — 89
30-day advances against
government securities 314 —225
Ratio of gold to engagements at sight.
83.23 per cent, compared with 53.26 last
week.
Rate of discount. 3 per cent.
NEW YORE PRODUCE.
NEW YORK Dec. 2 iP.,—Eggs. 11.100:
Unsettled Mixed colors: Special packs
2,4-29; standards. 26-27; firsts 24-244:
seconds unquoted; mediums. 19-20: dir
ties. No 1 19-20: average checks. 174-18.
Refrigerator, special oacks 20-23: stand
ards. 194: firsts. 184-184: seconds. 18:
mediums, small, and dirties. 174.
Butter. 7. ,34 firm. Creamery Higher
than extra. 404-41: extra (93 score). ,
4c firsts (88-91 scores' 34-39: seconds '
(84-87 scores' 32-334.
Cheese. 137.618: irregular: prices un
changed.
Dressed noultry 'boxes), barely steady:
fresh: Chickens, fryers 22-28: roasters.
-3 4-29. Other fresh and frozen prices
unchanged
Live poultry, by freight, irregular; 1
chickens. Rocks. 21-24. mostly 23-24; ,
colored. 17-20. mostly 20: Leghorn. 17-18 J
Fowls, colored. 23-25: Leghorn 16-19, 1
mostly 18-19. Old roosters. 17. Turkeys. 1
hens. 24: toms. 21. Ducks. 20-22. most
ly 21-22. 1
By express, irregular: chickens. Rocks,
224-26: mostly 23-24; Reds. 21-22: most
ly 21: Leghorn* 15-20. mostly 15-18 1
Broilers Rocks. 22-28; crosses. 17-28', 1
mostly 24-23: Reds. 24-25: Leghorns. 21.
Fowls, colored. 20-25, mostly 20-24; Leg
horns. 10-22. mostly 18-22; old roosters,
16-18 mostly 16. Turkeys, hen. 23-24;
toms. 18-21. mostly 1.9.
CHICAGO PRODUCE.
CHICAGO Dec. 2 (Pi—Poultry, live.
31 trucks: easy. Hens, 44 pounds up.
19 4; young ducks. 4 4 pounds up. col
ored. 17; _white. 174: small, colored and
white. 15; other prices unchanged.
Dressed market easy, prices unchanged.
Butter. 5.69.7: firm. Creamery, spe
cials (93 score'. 394-40: extras (!)•’) 39
extra firsts (90-91), 304-38: firsts (88- I
891. 32 4-344: seconds (84-874), 29- i
.714: standards (9o. centralized carlots).
364. Eggs, 3.353; weak, fresh, graded. '
extra firsts, cars and local. 24: firsts, cars
and local. 23: current receipts 22' re- "
frigerator extras. 184: refrigerator" stand- ^
•rds, 184: refrigerator firsts. 18
Potatoes. 55: on track. 28.7: total U. 8
•hipments. 534: weaker, supplies rather
liberal, demand very slow: sacked, per
ilUI3.dr£dwe,ght- Idaho Russet Burbanks.
U S. No. 1. 1.35-1.40: U S. No 2. 1 124’ J
Colorado Red McClures. U. S No 1 1 40- ,
1.4o: Nebraska and Wyoming Bliss Tri- ,
umphs. 8o-90 per cent U. S. No. 1. 1 10- i
1.20: Minnesota Cobblers. 90 per cent U. i
V S No ,1V,(15Wl5COnStn round whlte£. i
’ ’ _ i
U. S. TREASURY POSITION. -
By the Associated Press. '
The position of the Treasury November ,
30. Receipts. $0,259,943,62; expendi- ‘
tures. $10,573,773.32; balance. $2,608.- i
228.140.44; customs receipts for the (
month. $31,513,357.52.
,, Receipts for the fiscal year 'since, July
3T 5^110.580.246.85; expenditures. $3.
089.329.406.72. including $859,474,834.82
of emergency expenditures; excess of
expenditures. $778,740,159.87; gross debt.
*3'•093.623,041.22. a decrease of $301.
Oofj.os below the previous day; gold assets.
*12.774.080.339.15. Including $1,242,514.
603.09 of inactive gold.
REICHSBANK STATEMENT.
BERLIN Dec. 2 UP).—The Reichsbank
statement as of December l (in thousands
of reichsmarks); Notes in circulation.
6.195.000; increase. 551,000; gold. 70.
456; increase. 203; foreign currency re
serves. 5,741: decrease. 122; other bills
of exchange and checks. 5.546.486; in- i
crease. 747.809: other dally maturing ob
ligations. 765,946; increase, 36.054; ad- 1
vances, 46.097: increase, 15.102; Invest- I
ments. 104.556; decrease, 57. Ratio of l
gold and foreign currency to notes. 1.5
Ber cent. Rate of discount. 4 per cent. ‘
1AJND0N BANK REPORT.
LONDON. Dec. 2 MV—'The Bank of
England statement as of December l fla ;
thousands of pounds): Circulation, 485,
6/6: Increase. 6.303: bullion* 327.607;
decrease. 163: reserves. 62.020; decrease.
6.466; public deposits. 11.084; decrease.
23.3/4; private deposits. 14&.237; in
crease. 22.201; government securities. 78,
5?3; increase. 2.670: othei* securities.
3J.320; increase. 1.761. Proportion of
the bank’s reserve to liability is 40.2 per
cent, compared with 43.5 last week. Rate
of discount. 2 per cent.
ODD-LOT DEALINGS.
By the Associated Press.
The Securities Commission reported to
d!I fb.u! transactions by customers with
odd-lot dealers or specialists on the New
rork Stock Exchange for December 1:
' Purchases involving 142.05* shares;
4,016 sales involving 111.302 shares.
' MONTREAL SILVER.
MONTREAL, Dec. 2 (fft.—Sliver futures
opened steady to 5 points off. Bids: De
cember. 44.25: March. 44.06; May. 44.05.
A l
BONDS ON N. Y. STOCK EXCHANGE
•y private wire direct to The Mu.
TREASURY.
High. Low. 2:65.
2bs 1949-58_ 99.3 99.2 99.3
2%s 1948-51_101.16 101.14 101.14
2% 1961-64_ 100.26 100.22 100.22
2% 1966-69_ 100.14 100.14 100.14
2Tie 1965-60 ... 101.14 101.11 101.12
2%s 1955-60 reg 101.9 101.9 101.9
38 1946-46 . 104.29 104.29 104.29
Is 1961-65 103.26 103.21 103.24
lbs 1946-49_ 106.20 105.17 106.17
lbs 1949-52_ 105.16 105.12 106.12
lbs 1944-46 ... 106.25 106.25 106.25
lbs 194042 Jun. 105.30 105.28 105.28
lbs 1946-56 ... 110.8 110.8 110.8
la 1944-64 111.28 111.28 111.28
I bs-Sbs *43-45 . 106.31 106.30 106.30
IU> 1947-62.... 116.14 116.14 116.14
FEDERAL FARM MORTGAGE.
Is 1947.. 103.21 103.21 103.21
HOME OWNERS' LOAN.
1*4* 1942-44_ 100.25 100.25 100.25
l *i s 1939-49_101.5 101.5 101.5
1* 1953_ 102.26 102.26 102.25
FOREIGN BONDS.
Hleh. Low. 2:55.
Abitlbi Pa*Pw 5s’53 62 62 62
Agr Mtg Bk Col 6s*47 20 20 20
Azr Mtg Bk Col 6s '48 20 20 20
Akershus 6* "63 100b 100b 100b
Antloquia 7s'45 A_ 6b 6H 6b
Antloquia 1st 7s'57_ 5b 5*4 5b
Antloquia 3d 7s'67_ 5b 6b 6b
Antwerp 5*’58 ._ 98 v 97b 97b
Argentine 4s '72 Feb. 86b 86 86b
Argentine 4s'72 Apr. 86b 86b 86b
Argentine 4be’71... 94b 93b 93b
Australia 4%s’56_ 99*4 99*4 99b
Australia 5s'55_ 104*. 104b 104b
Australia 6s'67_104b 104b 104b
Belgium 68*55 _ 103 103 108
3elgium 6>,As’49_ 107 107 107
3elglum7s'65 _111 ItO 111
Bergen City 6s’60_ 99b 99b 99b
Brazil 6bs*28-’67_ 20 19** 19b
Brazil 6bs’27-’67_ 19b 19b 19b
Brazil 7s ’52.. 19b 19b 19b
Brazil 8s ’41 .. 22b 22b 22b
Breda Ernesto 7s '54 60 60 60
Brisbane 5s ’58_ 99 99 99
Budapest 6s’62 ... 22b 22b 22b
B A «b-4b*’76 AgP 69 68b 68b
B A 4bs-4% *76 ApP- 70 68b 70
B A 4b-4 8is*75 Pv.. 71 71 71
Bulgaria 7b*'68_ 32b 32b 32b
Canada 2bs’44_ 99b 99b 99b
Canada 2bs *45_ 99b 99b 99b
Canada 3s ’87 _ 93b 93b 93b
Canada 3bs’61_ 99b 99b 99b
Canada Is’60_107b 107b 107b
Canada 6s'52_112b 112b 112b
Chile 6s ’60 _ 15 14b 14b
Chile 6s’61 Jan_ 15 14b 14b
Chile 6s’61 Feb_ 14b 14b 14b
Chile 6s ’61 Sept_ 15 14b 15
Chile 6s ’63 _ 15 14b 14b
Chile 7s 42 . .. 14b 14b 14b
Chile Mtg Bk 6s ’61... 13b 13 13
Chile Mtg Bk 6s *62 13 12b 13
Chile Mtg Bk 6bs*57 13 13 13
Chile Mtg Bk 6%’61_. 13b 13b 13b
Colombia 6s’61 Jan.. 13b 13b 13b
Colombia 6s’61 Oct_ 13** 13*4 13b
Col Mtg Bk 6bs’47.. 20 20 20
Cordoba 7s '42 nrv ... ’86b 86b 86b
Costa Rica 7s ’51 A... 20b 20b 20b
Cuba Bits 15 64b 62V* 63*.
Czechoslovakia 8s *61 103'* 103V* 103b
Denmark 4>4s'62_ 98b 98*4 98b
Denmark 6 V4s *56_100b 100b 100b
Denmark 6s’42 _105b 105b 105b
Dominic 1st 5*28’42 . 65b 65b 66b
Fiat deb 7s *46 _ 94b 94b 94b
Frankfort 6*is *53... 20 20 20
French Gov 7s’49_109b 109b 109b
French G 7s'49 un st 101 101 101
Ger C Bk A26s ’38 32b 32b 32b
GerCBk A26s'60Jul> 33b 33V* 33b
Ger C Bk A 6s’6« Oct. 33b 33*. 33b
Ger Gov 5*4s’65 et 23b 23V* 23b
Ger Gov Bbs’65 un st 22 22 22
Ger Prv & City Bk
con Ag 6bs’58 ... 29b 29b 29*,
Ger Rep 7s ’49 stpd— 30b 29b 30b
Grt C El Jap 7s *44_ 72 71b 72 i
Greek'Gov 7s ’64 _ 33 33 33
jreeK u «s 68 pt pa.. zb'i 2b% 2b%;
Hungary 7%s’44_ 60 60 60
Italy 7s *51 _84% 81 81
Ital P UCrd 7s ’52... 65% 63% 65 !
Japan 6%s’66.....a. W 66% «6%
Japan 6%s '64_.. 79% 78% 79
lugos Mtg Bk 7s'57.. ' 40% 40% 40%
Kreug&Toll 6s '59 ct. 27% 27% 27%
Leipslg 7s'47 .. 20% 20% 20%
Lombard Elec 7s'52. 67 67 67
Low Austria 7%s'50. 98% 98% 98%
Mex4s'10-'45astsm. 2% 2% 2%
Mexico 4s ’54 assd_ 2% 2% 2%
Milan 6%s'52 66 64% 65%
Minas Gera 6%s’58„ 10% 10% 10%
Minas Gersfi%s '59.. 11 10 IT
Montevideo 7s'52_ 59% 59% 59%
Nord Ry 6%s ’50_ 97% 97% 97%
Norway 4s'63_102% 102 102%
Norway 6s ’44 _107% 107 107%
Norway 4%s’65. 103 103 103
Norway 6s '43 . 107% 107% 107%
3riental Dev 6%s '58 59% 5914 59%
Oriental Dev 6s '53 63 62% 63
Panama SUs ’53 103% 103% 103%
Paris Orl Ry 5%s'68 91% 91% 91%
’em 6s '60_ 10% 10% 10%
Peru 6s’61_ 10% 10% 10%
’em 7s’59_ 11% 11% 11%
’oland 6s "40_ 59 58% 59
’oland 7s '47_ 71% 71 71%
’oland 8s '50_ 56 55% 56
’rague Gtr 7%s‘52_ 95 95 95
thine W El P 6s'53— 30 30 30
mode Jan 6% s ’5*_ 10 10 10
mode Jan 8s 46 _ 12 11% 11%
tioGrdogul 6s'68__. 10 10 10
mo Gr do Sul 8a *46_ 11% 11% 11%
tome 6%a ‘62 _ 67% 65% 67
toumanla 7s ’59_ 39% 39% 39%
Sao Paulo C 6%a ’57_. 10% 10% 10%
>ao Paulo St 6s ’88... 10% 10% 10%
Sao Paulo St 7s '40_ 45% 45% 45%
Serbs 7s ’62_ 30% 29% 29%
Serbs 8s ’62_ 30% 30% 30%
Silesia Prov 7s’58_ 52 52 52
faiwan Elec 6%s'71. 58% 58% 58%
foklo 6%s ’61 - 63% 63% 63%
Joklo E L Ltd 6s '53. 61 60% 60%
JnStl Wk6%s’47 A. 25 25 25
Jruguay 6s’60- 51% 51% 61%
'lenna 6s'52___ 100 100 100
Vtrsaw7s’68 .. ... 64 53% 54
4 jertemberg 7s '56.. 20% 20% 20%
rokohama 6s ’61_ 64% 63% 64%
DOMESTIC BONDS.
l1* Grt Southn 4s ’43 102V* 102V* 102%
Lib Per W P 6s '48- 56% 65% 55%
Liles Corp 6s’44_ 76% 76 76
Liles Corp 5s 49_ 64 63% 64
Liles Corp 6s ‘60 stp. 32 30 32
Liles Valley 4s ‘42 107% 107% 107%
Lllied Stores 4%s’50 94% 94% 94%
lIIIs Chalmers 4s*62 101% 101% 102%
Lm & For Pw 6s 2080 56% 56 56
Lm 1 G Ch 6%s ’49_ 103 102% 103
Lm T ft T 3%s ‘61_100% 100 100
Lm T ft T 8%s '66- 100% 100% 100%
Lm T ft T 4%s '39- 100* 100* 100*
LmT&T6%a'48... 113 112% 112%
Lnaconda deb 4%s '60 101% 101% 101%
Lnglo-ChU Nit 7s'67 38% 37% 37%
LrmourlDelllst 4s’66 86% 85% 86%
Lrmour(Del)4s '67 .. 86% 86% 86%
k. T&S Fe 4s ’09-’55._. 105% 105% 106%
1 T&S Fe sen 4s '96 .. 108% 107% 108%
1 T&S Fe 4%s '48 106% 106 105
1 T&S FeC A 4%s’62 111 111 m
kT&SF TC St L 4s'58 112% 112% 112%
ktl&Ch A L 4%s '44... 98 98 98
ktlantlcft Dlst4s'48 31% 31% 31%
Atlantic ft D 2d5s*48. 28 28 28
Itl G & W 1st 6s'69 61% 61% 61%
kuburn Auto 4%s '39 26 26 26
1 ft O 1st 4s 46- 79% 78% 79%
5 A O 4%s '60- 39% 38% 39%
3 AO 1st 6S'48 - 83% 83 83%
3 ft O rsf 6s '96 A-44% 44% 44%
3ft O 6s‘96 F- 44 43% 43%
3 ft O rf 6s 2000 D_ 44 43% 44
3 ft O ref 6s '96 C- 50% 49% 50%
3 & O PLE&W V4s'41 72 70% 72
3*0 Swn 6s '60 ... 69% 58 69%
3 & O Toledo 4s '69 ... 56 56 56
Sell T of Pa 6s'48 B. 117% 117% 117%
Ssth Steel 8%s‘66— 93% 92% 93%
3eth Steel 4 % '60_100% 100 100
Sos & Me 6s '65- 51% 61% 51%
Sos A Me 6s '67 _ 50% 50% 60%
Sot Con M 6%s‘34 9% »% 9%
Bot Con M 6%s'84 ct 8% 8% 8%
Bklyn Man T 4 %» '66 56% 66% 56%
Bklyn Un El 6s '60 75 75 75
Bklyn Un Gas 6a 45 106% 106% 106%
Bklyn Un Gas 6s '60 77% 77% 77%
Bklyn Un G 6s '67 B 95% 95% 95%
Brown Shoe <%s '60 105% 106% 105%
Buff R&Pen 4%s‘67. 46% 46 46
Bush T Bldg 6s'60 .. 55 65 66
Zallf Packing 6s '40.. 103% 103% 108%
Canada So 6s'62 &_.. 104 104 104
In dian NR 4%s'67. 113% 113% U3%
San'dlan NR 6s '70... 118% 118% 118%
In dian P db 4s perp 86% 86 86
Zan'dlan Pao 4%a ‘46 100% 100% 100%
2an‘dlan Pao 4 %s *60. 96% 96% 96%
l
Hllb. LOW. Z:AS.
Can’dlan P 6a *44 ct„ 112% 111% 112%
Can'dlan Pac 6a'64... 102% 102% 102%
Celotaz 4Ha '47 w*.. 72% 72 72
Cent of Ga 6a‘69 C .8 8 8
Cent of Garf 6%s’59 7% 7% 7%
Cent Ill'E AO 6a‘61 96% 96% 96%
Cent of N J gen 6a '87 33% 33% 33%
Cant Pao lat rf 4a '49. 96% 96% 96%
Cent Pac 6a '80 _ 76 74 74
Cent Steel *a'41_116% 116% 116%
Cert'd deb 6 %a '48 __ 61 68 59
Ches A O 3%e'9R D . 94% 94% 94%
C A O gen 4%a '92 . 118 118 118
C AO Big Sandy 4a’44 107% 107% 107%
Chi A Alt ref 3s '49 . 26% 26% 26%
Chi BAQ gen 4a’63 .. 108% 108 108%
Chi BAQ 4%a '77 .... 101% 101% 101%
Chi BAQ ref 6a '71 105% 105 105%
Ch! BAQ1 dlv 3%b’49 105% 105% 105%
CBAQI div 3%s'49 rg 103 103 103
CBAQ 1 dlv 4a '49_108% 108% 108%
Chi A E 111 6a '61 _ 15% 15% 15%
Ch1 A E III 6a ‘51 ct_ 15 15 15
Chi Grt Weat 4a'69._ 17% 17% 17%
Chi IAL. gen 6a‘66 ... 7 6% 7
Chi Ind A L rf 6a'47.. 14% 14% 14%
Chi IAL aen 6a'66—.. 7 7 7
C M A St P 6a '76 ... 10% 10% 10%
CMStPAP ad] 6a 2000 3% 3% 3%
Chi ANW 4%a 2037 10% 10 10%
Cht ANW 4%a 2037 C 10 10 10
Chi A NW 4%a'49... 7 6% 6%
Chi Ry 1st 5s '27_ 47 47 47
Chi R IAP rf 4a ’*4 ..9 8% 9
Chi R lAPrf 4s’34ct- 8 7% 8
Chi R IAP gen 4s'88. 19% 19 19
Chi R IAP 4%s'62._- 9% 9 9%
Chi R IAP4%s'60 5 4% 5
Chi T HAS lno 6s'60.. lil 50 50
Chi Un Sta 3%s '51... 104% 104% 104%
Chi A W Ind 4% '62.. 94 93% 93%
Cln GAE3%a'66__102% 102% 102%
Cln GAE 3 %a '67_ 106 106 106
Cln Un T 3%s Dgtd 104% 104% 104%
CCCASt Lrf 4%s’77E 68 67 68
Clev Short L 4%a '61. 103 103 103
Clev UnTer4%s'77_ 91 90% 91
Clev Un Ter 6a '73 B 99 98 99
Clev Un Ter5%a'72A 101% 101% 10.1%
Colo A So 4%s '80 ... 41% 40 40
Col GAE db 68-62 Ap. 93 93 93
Col GAE 5s'52 May .. 95 95 96
Columbia GAE 6s '81. 92 91% 91%
Cornel Cred 2%'42 . 39% 99% 99%
Cornel Credit 8%a'51. 96% 96 96%
Colum Ry PAL4s’65. 105% 105% 105%
Cons Ed N Y 3%a'48 104% 104% 104%
Cons Ed N Y 3%a'58 104 103% 104
Cons Gas NY 4%a '51 107% 107% 107%
Consol 011 3%s'51 95% 96% 95%
Consum Pwr 3Ua'66 100% 100 100%
Consum P un 3 %s '65 104% 104% 104%
Consum Pwr 3%a '70 103% 103% 103%
Consum Pwr 3%s '65. 107 107 107
CraneCo 3%s'61 .. 98% 98% 98%
Crown Will P 6s '51 •_ 103% 103% 103%
Cuba Northn 6%s '42 38 38 38
Davton PAL3%s'60. 107 107 107
Del A Hud ref 4a 43.. 61 60 61
Del P A L 4 %s '69_105% 105% 105%
Den G A E 5s '51 _107% 107% 107%
Den A R G con 4s'36. 13% 13% 13%
Den A RG 4%a'36.__ 14 14 14
Den A R G W 6s'55 . 5% 5% 5%
Den A RGW 6s'55asst 5% 5% 5%
Det Edison 3%s'66._ 105 105 105
Det Edison 4s'65 F . 109% 109% 109%
Det Edison 4%s'61 D 113 113 113
Det RlvTun 4%s’61. 110 110 110
Dul S S A Atl Es '37 _. 21% 21% 21%
Duquesne Lt 3 %s '65 107 107 107
Ed El 111 Bklyn 4s'39_ 103% 103% 103%
Elec Auto Lite 4s‘52. 99% 99 99%
Erie gen 4s'96_ 66% 56% 56%
Erie cv 4s '53 B_ 52 52 52
Erie ref 6s'67_ 46 46 46
Erie ref 6s'75 __ 46% 45% 46
Erie A Jersey 6s'55.. 105 105 105
Fairbks Morse 4s’B6.. 100 100 100
Fla E C Ry 4 %s '59... 66 56 66
FlaECRy5s'74_ 7% 7 7%
Gen Cable 6%e'47_ 97 97 97
Gen Mot Ace 3s'45_ 102 102 102
Gen Mot Ace 3% '61.. 101 101 101
Gen Stl Cast 6%s’4».. 50 48% 50
Goodrich 4%s '66_ 94% 94% 94%
Goodrich 6s'46 _ 94% 94% 94%
Goodyear TAR 6a'67. 102 101 101
Great N Ry 4a 46 G-. 105% 105 106
Grt N Ry 4a '46 H . 96% 95 95%
GrtNRrf 4%a'61 A 108% 108% 108%
Grt N R gn 5s'73 C._ 974 97 97
Grt N R 5Vis '62 B.__ 1044 1044 1044
Green Bay 5s'62 B .. 104 104 104
Gulf StaStl 4Vis'61_. 834 834 834
Gulf Sta Util 4s *66... 1014 101 101
Houston Oil SHs'40.. 094 99 994
Husatenlo cn 6s *37_ 444 444 444
Hudson Coal I s 52 .. 324 324 324
Hud & Man Inc 5s‘67. 184 174 18
Hud & Man ref 6s *67. 52H 524 524
111 Cent 1st 3 Vis *51... 93 93 93
111 Cent 4s '51_ 97 97 97
111 Cent ref 48*55_ 484 474 484
111 Cent 4%s'66_ 394 394 394
111 Cent ref 5s *55 ... 67 66 57
III Cent Omaha 3s'51. 70 70 70
ill Steel deb 4 Vis'40 1064 1064 1064
ICC&St L N O 4Vis’63 42 414 42
ICC&St L N O 6s '63 47 454 47
Inland Stl 34s'61 . 103 103 103
Inter R T 1 rf 6s 66 .. 56 56 56
Inter RT 7s'32 .. 60 60 60
Interlake Iron 4s‘47. 704 70 704
Int ASr cl 58 *42 stp._ 100 100 100
Int Grt Nr 6s 62 A .. 20 20 20
Int Grt Nr adj 6s*52 A 54 5 5
Int Hydro El 6s 44... 644 64 644
Int Pap 1st 6s‘47 A.. 90 894 90
Int Pap ref 6s'55 ... 814 814 814
Int T&Tcv 4Vis *39— 864 86 86
Int T&T 4 Vi s '62_ 564 56 564
Int T&T 5s '65 .. ... 604 604 604
Iowa C lst&rf 4s*51.. 3 3 3
Jones&L Stl 4 Vi s'61A 94 94 94
Kan CFS&M rf4s’36ct 28 28 28
Kan City So rf 6s *60 . 624 614 624
Kans C Ter 1st 48 *60. 108 108 108
KansG&E 4Vis*80— 1044 1044 1044
Keith’s 6s'46_ 864 854 854
Kings CL 1st 64s *54 1044 104 1044
KoppersCo 4s *51... 102 1014 102
Kresge Found 8 Vis'47 894 894 894
Kresge Found 4s '46.. 97 97 97
Laclede G 6 Vis‘53 C.. 67 664 664
Lake S&M S 3Vis *97. 994 994 994
Lautaro Nit 1976s- 284 284 284
Leh Val Coal 6s '64... 284 284 284
Leh V P con 4s 2003 294 28 284
Leh V Peon 4Vis 2003 324 314 314
Leh V RR con 6s 2003 384 38 38
Liquid Carbon 4s'47. 1024 102 1024
Loew s 3Vis'46- 974 974 974
Lorillard 6s'61_ 1184 1184 1184
La & Ark 6s 69 - 72 72 72
L& Nash 3% s 2003_ 804 804 804
L & N unlf 4s *40_ 1044 1044 1044
L & N 6s 2003 B_ 1004 100 1004
L&NPM4s’46_ 107 107 107
L & N So Mon Jt 4s*52 85 85 85
McKess&Rob 6 Vi s‘60 974 964 97
Me C RR dt 4s '45 A.. 93 93 93
Manati Sug 7Vis'42.. 41 41 41
Mans 1st 7 Vis'42 ct. 41 39 41
Manhat Ry 4s *90- 294 29 294
Mead Co 6s *46 - 974 974 974
Met Ed 1st rf 4Vis ‘68 1074 1074 1074
Mil El R&L 5s '61 .. 984 984 984
Minn & St L rf 4s ‘49 . 24 24 24
MStP&SSM cn 4s *38. 134 134 134
MStP&SSM cn 5s‘38. 10 10 10
Mo K & T 4Vis *78- 414 414 414
Mo 1^ & T 5s ‘62 A- 454 45 45
Mo K & T adj 5s '67_ 244 24 244
Mo Paces‘75 __ 74 74 74
Mo Pao 6s *77 F - 214 214 214
Mo Pac 5s '77 F ct- 204 204 204
Mo Pao 6s'78 0- 214 214 214
Mo Pac 6s '80 H_ 224 224 224
Mo Pac 6s‘81 1-... 22 214 214
Mo Pac 6Vis '49 A- 54 54 54
Mob & Ohio 4s *38_ 754 74 74
Mob*Ohio 4Vi8*77 . 16 15 15
Monong Pub 8 4 Vi s’60 1034 1034 1084
Mont Pwr 8%s‘66 88 88 88
Morris* Es 3 Vis 2000 764 754 754
— — ” ■ ■ - W" »» WS71 VOTE
Nassau Else 4s’61 etd 27% 27% 27%
NaU Dairy 2%s'51ww 97% 97% 97%
Natl D1SPC 4%s *46. 101% 101% 101%
NaU Steel 4s ’6& .. 104% 104% 104%
NewB TAT 4%s’61.. 120% 120% 120%
New B TAT 1st 6s '61 123 123 123
New Jer PAL 4%a *40 107 107 107
New Orl P S 6s'66 B 94% 94% 94%
New Orl TAM 6%s’64 36 86 36
N T Central I%s’61. 88% 83 83
NT Central »%s’»7._ 93 98 98
NT Central S«s‘44.. 86% 86% 86%
NT Cent 4s’42_ 97 97 97
NT Cent eon 4s’88... 81% 81% 81%
NT C rf 4%s 2018 n.. 66% 66 66
NT Cent rf 6s 2018 .. 73% 78% 73%
NT C L Sb 8%s '98 80% 80 80%
NYC LSh 3%a‘>8 re 73 73 78
NYCASt L 4 %e’78 62% 61 61
NYCA8t L 6%s ‘74 A 73% 78 73
NT Conn 1st 4%s ’68 107% 107% 107%
NT Dock 6s ’88 .. 42 42 42
NT Edison 8 %s ’46 D 102 101% 101%
NT Ediaref 8%e’«4 102 102 102
NT O El HAP 6s ’48.. 122 122 122
NT L A W 1st 4s ’78.. 86 86 86
NT NH A H 8%s ’54.. 18% 18 18
NT NH AH 4s ’64 ... 20% 20% 20%
NT NH A H 4%s ’47.. 23 23 28
NT NH A Her 4s‘44 . 26 24% 24%
NT NH A H Cons Rys<
4s ’64-? 18 ^8 18,
High. Low. 2:55.
NT OftW gen 4a'55.. 6% 5% 5%
NT OftW ref 4a *52 . 8% 9% 9%
NTQuaena on 2Ha’«5 106% 106% 10644
N T Rya 6s ’62 A atpd 90 90 90
NT ft Rich G 5a ’61... 98% 98% 98%
N T Steam 6a ’66 - 106% 105% 105%
NT Steam lat 6a ’4T . 107% 107% 107%
NT SAW lat rf 5a ’27 15 15 15
N T Tel 3 % a '67 10344 103% 103%
NT Tel gen 4%a ’29 .. 108% 106% 106%
NT WAR 4%. '46 6% 6% 6V4
Niag Falla P 3%s'66. 105 105 105
Niag Sh 5%a '50 . 93 93 93
Norf So lat ref 6a '61 11% 11% u%
Norf ft W lat 4a '98 116% 116% 116%
North Am Ed 5a '67A 102% 102% 102%
North Am Ed 5a '69 C 99% 99% 99%
North Am Ed 5%a'63 102% 102% 102%,
North Pao gn 3a 2047 61% 61% 61%
North Pao 4s ’97 .. 96% 95% 96%
Nor'n Pao 4%a 2047.. 73% 73% 73%
North Pac 5a 2047 C.. 78 78 78
Nor'n Pac 6s 2047 D._ 80 80 80
North Pao «a 2047- 89 88% 88%
Ogden LC 4a '43 atd „ 11% 11% u%
Ohio Edison 8%s’72. 96% 96% 96%
Ohio Edlaon 4a *66 — 101% 101% 101%
Okla G ft E 3 44 a ’63100% 100% 100%
Ont Pwr Niag 5s'43.. Ill Hi m
Otla Steal 4%s ’32 ... 72% 72% 72%
Pac Gas ft El 3%a’66. 100% 100% 100%
Pac GAB 344 a ‘61 . 104% 104% 104%
Panhand EPL 4a'62.. 97% 97% 97%
Paramount Pic 8a'56. 90 90 90
Penn Co 4s '63 — 96% 96% 96%
Penn Dixie C 6s’41... 88% 88% 88%
Penn P*L4%s'81__ 100% 100% 100%
Penn RR 3 % w 1 ... 86% 86% 86%
Penn RR S%*'70 C 91% 91% 91%
Penn RR cn 4s '48 stp 110% 110% 110%
Penn RR 4%s '31 D 96% 96% 96%
Penn RR con 4%s'60 118 117% 118
Penn RR gn 4%s‘65 102 101% 102
Penn RR. deb 4% s'70 87% 86% 87%
Penn RR gen 6s'68 107% 107% 107%
People GL&C rf 5s*47 108% 108% 108%
Pere Marq 4%s '80 .. 69 68% 69
Pere Mara lit 6s'58 78% 78% 78%
Phelps Dodge 3%l '52 100% 100 100%
Phlla Co 6s'67 ... 91 90% 90%
Phlla Elec 3 %s'67 .. 105% 105 105%
Phlla* R 0*1 6s'78.. 16% 16 16%
Phlla & R C&l 6s’49.. 5% 6% 6%
Philippine Ry 4s 37.. 11% 11% 11%
PCC&St L 4%s'77 C. 102% 102 102%
Pillsbury F M 6s'43 108 108 108
Pltts&W Va 4%s'60C 61 61 61
Port Gen El 4%s'60.. 56 55% 55%
Postal Tel ft C 6s '63. 11 10% 1041
Reading Jer C 4s’51.. 77% 77% 77%
Reading K 4%s '97 A. 90% 90% 90%
Reading R 4%s '97 B. 91% 90 91*,
Republic Stl 4%s '66. 80% 80 80%
Republic Stl 4% s‘61 80% 79% 80
Rem-Rand 4 % s’66ww 91% 91% 914,
Revere Cop 4%s'56.. 98 98 98
Richfield 011 4s '62 .. 88 88 8K
Rio G W col 4s'49 A. 19 19 19
Safeway Stores 4s'47 101 100% 100%
Saguenay Pw 4% s'66 100 100 100
St LIMftS !t*G 4*'S3 58% 58% 68%
St L P & NW 5s '48_ 15 15 15
StL-San Fr 4s '56 A_ 14 14 14
StL-San Fr 4s'60 ct.. 12% 12% 12%
StL-San Fr 4%s’78 .. 12% 12 12
StL-S F 4%s'78 ct st. 10% 10% 10%
St L-S Fran 6s'50 B .. 13% 13% 13*,
St L S W gn rf 6s '90 20% 20% 20%
St L S VV 1st ter 6s'62 28 28 28
StP E G T'k 4 %s '47__ 9% 9% 9%
St P E Minn 4s'48 . 107 107 107
StPKCSL4%a'41. 8% 8% 8%
San A & A Pass 4^43 82 82 82
San Die*oCG&E4s’65 109 109 109
Seabd A L 4s'50 stp.. 14% 14 14*;
Seabd A L rf 4s’59_ 6% 6% 6*,
Seabd A L adj 6s’49.. 4 4 4
Seabd A L 6s '45 A_ 9 8% 8',
Seabd A L 6s'45 ct. .. 8% 8% 8%
Seabd A-Fl 6s‘35 A ct 4% 4% 4%
Seabd A Fla6s’35B ct 4% 4% 4%
Shell Un deb 3%s’51. 97% 97% 97%
Simmons Co 4s’62 .. 84% 84% 84%
Socony Vac3%s‘50 106% 106% 106%
South Bell TAT 6s '41 101% 101% 101%
Southn Cal Gas 4«’65 108 108 108
So Pac 3 %s '46 _ 85% 85 85%
So Pao col 4s ’49_ 69 69 69
So Pac ref 4s'55_ 90% 89% 90%
So Pac 4%s '68_ 61% 61% 61%
So Pac 4%s '69- 61% 61% 61%
So Pao 4 %a'81 _ 61 60% 60%
So Pao Oreg 4s’77_ 70v* 70 7n
So Ry gen 4s ’66 A_ 50 60 50
So Ry 6s’94 - 82 81% 82
So Ry gen (s '8t.____ 594 594 594
SoRyCHe’56-62% 62 62
SoRy MAP 4s*31... 774 774 774
8 W Bell Tel 34s ’64. 1074 107% 1074
Staley A E 4s ’46 _102% 102% 102%
Stand Oil N J 3s ’61.. 99% 98% 99%
Studebaker cv 6s ’45-. 69 69 69
Swift A Co 8\s’50 105 105 106
TennCAC6s’44 B ... 100 100 100
Tenn El Pw 6s ’47 A.. 85 85 86
Texas Corp 3%s'61.. 104% 104% 104%
Texas A Pao 6s'79 C. 82 82 82
Texas A Pae 6s '80 D. 82 82 82
Third A v ref 4s‘80 32% 32 32
Third A ad In ex 6s'66 6% 6% 6%
Tide Wat Oil 3%k'62 100 994 100
Tol A Ohio C 3\« ’60 97 97 97
Tri-Conti 5s '53 _ 109 109 109
Un Elec<Mol3%a’62 1064 106 106
Un Oil Calif 6s '42 A . 117% 117% 117*.
Union Pae 3 4s'71 . 93 92% 92%
Union Pae lot 4s'47 1114 1114 1114
Un Pac 1st rf 4s 2008 105% 105% 105%
United Biscuit 5s '60 106 106 106
Utd Cgr W Strs 5s'52 51 50 4 60%
United Drug 6s'63 ... 77 77 77
U S Rubber 6s'47 ... 1024 102 102M
Utah LA T 6s '44 A.. 85% 85% 85%
Utah P A L 6s '44 .. 86 86 86
Util PA L 6s'69 ww. 504 504 504
Util P A L 6%s *47 614 514 514
Vanadium cv 6s'41 814 81% 814
Va Ry 1st 3%e '66A.. 1044 1044 1044
Wabafh 4%s'78 - 124 124 124
Wabash 1st 6s‘31_ 66% 66% 664
Wabash 5s 76 B_ 12% 12% 12%
Wabash 5s *80 D_ 12% 12% 12%
Wabash Oma 3 %s '41 40 40 40
Walker HAS 4%s‘45. 101 101 101
Walworth 4a'66 . 69*. 69% 69%
Warner Bros cv 6s'3 9 78% 78% 784
Warren Br cv «a*41 . 41 41 41
Wash Term 3% s '45 . 1074 1074 107%
Wstchr Lt gn 3%s'67 1014 101 1014
West Penn p 3 %s'66 1074 1074 107%
W Sh 1st 4s 2061 gtd. 70% 70% 704
West Md 1st 4s ’52 . 90*» 90% 90%
West Pac 6s ‘46 A as. 18 18 18
West Un 4%s '50 .. 67% 67% 674
West Un cl tr 6s ’88.. 100% 984 1004
West Un 6s‘61. _ 71%« 71% 71%
West Union 6s‘to ... 68 664 664
Wheel Steel 4 %s'66 85 85 85
Wilkes BAE 1st 5s *43 74 74 74
Wlllmar AS F 5s‘38. 101% 101% 101%
Wilson A Co 4s ‘66 93 93 93
Win Sal S B 1st 4s ‘60 108% 108% 108%
Wls CSADT4s‘3f_. 8% 84 8%
rngatn SAT 4a ‘61_ 964 964 964
SHORT-TERM SECURITIES.
(Reported by Oh»s. D. Barney A Co.)
Bid. Offered
Amer. Tel. A Tel. 5%s ’43.. 112% 113
Auburn Auto Co.. 4%s *39 __ 26 30
Baldw. Lo. Works 6s ’40 . ..102 _
Calif. Pack. Corp 6s '40. _ 103% .
Car. Cl. A Ohio 5s ’38-- 101% 102'4
Ches. A Ohio Rwy. 6s '39.. 105% 105%
Edison Elec. Blum 4s ’39.. 103% 106%
Oen. Pub. Serv. 5%s '39.. 92 97%
Houston Oil 5%s ’40 __ 99 100
Int. Merc. Marine 6s '41 _ '47% 50
Int. Tel. A Tel. 4%s ’39 _ 86 88
Laclede Oas Lltht 6s 39 .. 91% 92%
Lehigh Valley Coal 8s ’38 _ 80
Lehigh Val. Ter. By. 5s ’41 .. 90
Long Island Oen 4s 38 . 100% 102%
Lou. A Nash. R. R. 4s ’40 .. 104 104%
Mich. Cen. R. R. 4s ’40_ 102
Midi. R. R. of N. J. 5s ’40- 24
Mllw. A N. R. R. 4%s ’39 . ... 87%
N. Y.. C. A St. L. 0% nts.’39 71 77%
New York Dock 5s ’38 42 , 45%
New York Tel. Co. 4%s ’39 1084s 107
Pac. R. R. of Mo. 4s ’38.. 85
Pennsylvania Co. 3%s ’41 __ 102% 104%
Penn-Dlxie Cement 6a ’41.. 88% 90
Penna. R. R. Co. 4s ’43.. 108% 118
Phlla. B. & Wash. 4s ’43_. 109% .
Rio Or. Western 4s ’39 36 48%
Ter. R. R. As. St. I/. 4%S ’39 105 107%
Vanadium Corp 6s ’41.. 79 81%
Vertlentei Bug. Co. 7s ’42 9% 12
WabashRwy. Co. 6s ’39.. 85% 70
Warner Bros. 6s ’39. _. 77% 80
west. N. Y. & Pa. 4s ’43.. 107% 111%
Western Union Tel. 5s ’38.. 98% 99
NEW YORK SUGAR.
NEW YORK. Dec. 2 MV—The sugar
futures market’s undertone was steady
today, reflecting better behavior of th(
snot market and firmness at London.
January No. 3. after selling at 2.38.
was around 2.37 In midaftemoon, when
the list was about net unchanged. No. 4
contract was about % point net higher,
with March at 1.18.
/ %
MONEY MARKET.
NEW YORK. Dec. 2 UP).—Call money
iteady. 1 per cant alt day: prloie com
mercial paper. 1 per cent: time loans
steady: 80-90 days. 1%: 4-6 months. 1%
per cent: bankers’ acceptances unchanged.
Rediscount rate. New York Reserve Bank.
1 per cent.
Packard Motor Car Co.—Unfilled
orders on books of this company con
tinue at about 14,000 units, un
changed from mid-November.
k
B«] CUT HAILED
Regarded as Vital Step
Toward Resumption of
Upward Trend.
Bj the Asaoclated Press.
NEW YORK, Dec. 2.—Sharp reduc
tion in inventories in the last few
months was characterized by the Na
tional City Bank's monthly business
survey today as “constructive" and
one of the requirements “to get busi
ness in shape to move ahead again.”
Comparing deep production cuts in
basic industries with the well sus
tained level of retail trade, the sur
vey declared It was “clear that the
correction is being applied more
sharply than ever before.”
“Although retail reports have ad
mittedly turned less favorable,” it
said, “there has been no such slump
in trade a$ in production.”
Liquidation of inventories was seen
as “running in orderly fashion, and
most stores will have stocks down to
conservative figures by the end of the
Christmas trade, or at least after the
January sales."
Reiterating its opinion the business
recession is a temporary halt rather
than the beginning of a major de
pression, the survey held the princi
pal barriers to prompt recovery were
the "greater impediments to the for
mation of capital and its free flow into
productive use,” and the "constant
and arbitrary increase in the rigid
elements in the economic system."
These problems it was held, involved
“the fixed costs, the inflexible wage
agreements, the arbitrary rather than
the natural introduction of shorter
hours and practices, raising labor
costs, the crop control schemes and
price supporting programs.”
Washington Produce
BUTTER—92 score. 1-pound prints. 41;
U-pound prints. 42: tuo, 40. 9u score.
1-pound prints. 4«i; * 4-pound prints, 41;
tub. 29: market strong
MEATS—Choice beef. 22: calves, 19;
iambs. 20; veal. 19 sows 15: fresh pork.
20 frozen pork 20: pork loin. 20: fresh
ham. 20: fresh skinned ham. 1012: smoked
ham. 25: smoked skinned ham. 22: sliced
bacon. 25; piece bacon. 20: compound,
10‘a lard. 12.
LIVE 8TOCK-—Pigs. 7*2a734‘ light hogs,
8: medium. xaKU: 220-250 pounds,
<.4aS: heavies, T1 ^: sows. 5‘486*4: stags.
4‘435*4: calves. I]>4al2l.4.
Prices paid shippers net f o b Wash
ington. By the United Stales Bureau of
Agricultural Economics
EGG8—Egg market irregular. U 8.
extras, mediums. »/, lower, but other
grades unchanged. Government graded
and dated eggs Whites U S. extras,
large. 22; U. S. extras, mediums. 24: U.
8. standards large. 29. U. S standards,
mediums. 22*2 Nearby ungraded eggs;
Current receipts. 26 to 27: whites. 29
to 20.
LIVE POULTRY—Market quiet at un
changed prices. Receipts of turkeys con
tinue too small to establish quotations.
Fowl: Colored, heavy. 18 to 21: No. 2.
12 to 14; Leghorns. 14 to 16: roosters.
12 to 12. Chickens: Rocks and crosses,
all sizes. 25. mixed colors. 20. Guineas:
2 pounds and over 50 each, under 2
pounds. 40 each Capons: 7 pounds and
over 28 to 20; slips alid undersizes. 22
to 25.
Fruits and Vegetables.
Sales in large lots by original receivers
up to 8 a m. today
APPLES—One Washington arrived: one
unbroken car on track. Bushel basket*.
U. 8. No. 1. supplies liberal; demand very
slow, marnei aim. :Yiuryiana. rennsyi
vania Virginia and West Virginia Yorks.
2'4-inch minimum 50-80: 'a-lnch mini
mum 85-75. 234-inch minimum. 76-90;
Wealthys. 2'/«-inch minimum 50; 2'j-tnch
minimum. 85: Black Twigs. 2 Mr-Inch
minimum. 76-85 ; 2*i-lnch minimum. 00
1.00 Northern Spies. 2'/4-lnch minimum.
85-75; 2J4-lnch minimum. 75-85; Golden
Delicious. 2'4-tnch minimum. 75-86: 2'a
lnch minimum. 00-1.1)0: 234-inch mini
mum. 1.15-1.25: Delicious. 2'4-lnch min
imum. 00-1.00 ; 2Va-lnch minimum 1.10
1.15: Romes. 2'j-inch minimum. 75-85:
Grimes. 2Mi-inch minimum. 50-80; 2'a
inch minimum. 85-75: 2a4-lneh minimum.
85-00. Boxes and cartons: Pennsylvania
and Virginia, combination extra fancy and
fancy. Golden Delicious. 183s to 150s.
1.25-1.36: 125s and 113s. 1.35-1.50;
100s and larger. 1.85-1.75; Delicious. 130s
to 183s. 1.35-1.50: 125s to 113s. 1.50
1.85: 100s and larger 1.75-1.85: Stay
mans 150s to 183s. 1.25-1 35 125s to
113s. 1.40-1.50: 100s and larger 1.85
1.75. Fancy. Grimes. 1 10-1.35; Mc
Intosh. 1.35-1.50. as to size.
CABBAGE—One South Carolina ar
rived: two broken and one unbroken ears
on track. Supplies moderate: demand
light: market steady Fifty-pound sacks
Danish type. New York and Pennsylvania.
70-80.
MIXED VEGETABLES—One California,
one Texas arrived, one car diverted; two
broken and one unbroken cars on track.
SNAP BEANS—No carlot arrivals: one
broken car on track. Supply light: de
mand slow: market dull. Florida, truck
receipts bushel hampers Bountiful*. 1.00:
fair condition 50-75: freight receipts
bushel hampers stringless black Valen
tines. very few sales 1.50.
,, PEPPERS—Supplies very light: demand
light: market steady Florida, m-tmahel
crates green, fancy. 2.50-3.00: fair condi
tion. 2.On.
OQtJASH—Supplies light: demand light:
market steady. Florida, bushel hampers.
y]1 !e;,«*r*PDed holdovers, fair quality.
.5-1.00. few higher.
EGGPLANT—Supplies light: demand
alow: market steady. Florida, l'-a-bushel
crates. 2.50.
CARROTS—One California arrived: two
or07n!i *nfl 8ne unbroken cars on track.
?'ippl'ts bkbt; demand light: market
. c.?1A(?r.nia Western lettuce crates.
h2Iv?^,d'. ' 00j’!.25; Pennsylvania, bushel
baskets, topped, washed. 75.
Celery Prices Steady.
California arrived: one
hrAir^iv2«tred' Jo,ur !?roken and three un
SL°k"HC?,rsa.on tra?1< Supplies moderate:
demand light, market steady. California
individually washed, three
Vnrk d°* ™st.y around 2.50: New
thirds crates. In the rough 1.50.
li<rhFCl2l^£S8—Suppll's light: demand
baskets m2a00-2.5n.e*dy Florida' bushel
sinw™m.?k^N^77Su2.Dli.'s 11(tht: demand
dull. Cuba via Sew York
City, bushel hampers. 3.00: California 30
pound crates, 4.00. norma. u
lighPMmJ^?TtSi‘2pllfs^, Iight; demand
ceiDts ln»k LvL.*dy- Florida, truck re
pf ' Ohio h0o"houlere»^ckWrffi:pound
medium sfze*'] .50-1 slz" f-tt-l-M*
_ _e California arrived: one
diverted: eleven broken and six un
broken cars on track. Supplies liberal'
mtmawesJrenVrr.°,e; 1?arJ‘et dp“ cSlfM1
y.ey!?rn crgt«- Iceberg tyne. 5-dozen
hr£,IIl0l?S7~One Washington arrived: one
broken snd one unbroken cars nn fr®rir
lows'*?'35*1 40*'Id4!?'1 5 ° New ark,
lenJiai^'inthe.1!*^0 f.^ftllffTo V“
PEA8-N0 carlot arrivals• 'WF'h?„ken
and one unbroken ars on trirkftmfi
moderate: demand alow market 8ffiv
2.75 "So: bUShH hamDer5* Telephone!
POTATOES—One Maine arrived* three
auTT and /bur unbroken cars on' track
d?SDll*,A^notleraete: demand slow? market
dull. 100-pound sacks. U. 8 No i * Maine
cIbb“e“0Uintoa5nsid1^*1 -4'’; P«nn»Vw«“:
1 75-1 90 1'25' Idaho' Rus5et Burbanks.
iiCT^srsaTst1* jsss- jgz
BROCCOLI—No carlot arrivals* one
broken car on track. Sunnites Orht* 25*
Sates ^i-sTo^WnS
cr»tes^l-do«n l'.0O?l lTyfVewn i 25bUShel
flawsM*
p|S:SS
1.2AVOCADOa—Florida’ 8,1 crates, 75
e. ® j.8!8-"011' Texas arrived; one car
crates?*1] .50-1 75™ °n tr‘Ck- T”“ “
arr^edf^e uSYf^Tn* tr£5i!®
»tion25lDrd drUmS'
vBSSF&tt«
a ORAPEPR01T—Florida. boxes, 1 2 00
2.50. a| to grade and slse.
GRAPES*—One California arrived; one
broken and three unbroken cars on*track*
one car unloaded. California, lug** jR
peror». l.pQ*l«7ft.
oneunbroken earon traek0rp|orida? boxes!
t°,drade and slxe.
a ‘PS** a £?*“• No. 1.
8*50-9.00: No. 2. 7.50-8.00.
2.(KM?.??***1**1 Nlorlda, %-bushel boxes.
CHESTNUTS—Italian. 8-8 per pound.
Food Machinery
Earns $1,854,469
For Fiscal Year
S» the Associated Press.
NEW YORK, Dec. 1—Food Ma
chinery Corp., lor the fiscal year ended
September 30,* reported today net
profit of $1,854,469 after the Federal
undistributed profits surtax, equal
alter preferred dividends to $4.10 a
share on 426,633 .common shares.
This compares with net profit of
$1,359,965 or $3.3*# share on 384,444
common shares in the preceding fiscal
year.
The company has plants in Cali
fornia, Michigan, Illinois, Florida and
Oregon.
HOE & CO. PROFIT
ABOVELASTYEAR
Net of $328,594 Compares
With $88,120—Orders
Up $4,289,749.
Special Dispatch to The Star.
NEW YORK, Dec. 2.—R. Hoe &
Co., Inc., manufacturers of newspaper
and magazine printing presses and
equipment and a leading producer of
band saws and circular wood saws,
reports a consolidated net profiit of
$328,594 for the fiscal year ended
September 30, 1937, as against $88,120
for the 1936 fiscal year, according to
an announcement today by Fred L.
McCarty, president, who states that
the company's shipments and earn
ings for 1937 were the largest for any
year since 1929.
For the 12 months ended September
| 30. 1937, a combined total of $10,
496,880 of orders were secured by the
New York and London companies,
representing an increase of $4,289,479
over the preceding year. Unfilled
orders as of September 30, 1937, were
$6,809,510, a rise of $3,120,779 over
the same date in 1936 .
Under the plan of readjustment
dated January 16, 1935, interest
charges on the company's 6 Vi per
cent bonds and 7 per cent notes are
cumulative, and payment is manda
tory on December 31 during the fiscal
years of 1935-6-7, provided that there
be a balance of consolidated net earn
ings available for such payment. Ac
cordingly during the fiscal year 1937
total interest has been paid in the
amount of $448,497, and dividends
aggregating $155,240, covering stocks,
were declared and paid prior to the
close of the 1937 fiscal year.
In a letter sent with copies of the
annual report to all security holders
of R. Hoe & Co., Inc., Mr. McCarty
states:
‘ During the year the company con
tinued its activities in the develop
ment of new designs, so that its most
important products incorporate im
provements or are of new design since
the reorganization in 1935. These im
provements are represented in the new
arched-type superproduction unit in
the newspaper printing field, new
high-speed rotogravure press, new
multicolor newspaper press, improved
magazine press and offset press lines,
including a new web offset press,
plate-making equipment and other
accessories; high-speed paster devioes
and electrically operated automatic
tensions, and a great many other
miscellaneous improvements have
been made in the company’s products.
During the year all development ex
penses, amounting to $160,000. were
written off against the earnings.”
EARLY RECOVERY
IN BUILDING SEEN
Holden Says Boom Predictions 111
Founded, but Bise Can Be
Expected Soon.
By the Associated Press.
NEW YORK, Dec. 2.—Thomas S.
Holden, well-known building authority,
said forecasts of a building boom were
ill-founded, but held “recovery is likely
to be resumed within a short time
without the application of artificial
stimulants.”
“There is no crisis in the construc
tion industry,” he said in an address
prepared for delivery before the Amer
ican Statistical Association. “It is not
even sick. It is merely the victim
of headline hysteria, hypochondria and
too many doctors.”
Holden, vice president of F. W.
Dodge Corp., a leading statistical and
research organization in the construc
tion field, reviewed the past year’s
activities in private and public build
ing, and commented that “construction
industry recovery to this date has been
moderate, sane and healthy. It has
not yet collapsed, but something else
did collapse. I refer to the fantastic,
mythical housing boom that was In
vented and sold to the American
public.”
C. I. T. ORDERS EXTRA
DIVIDEND AND BONUS
Special Dispatch to The Star.
NEW YORK, Dec. 2.—The Board of
Directors of Commercial Investment
Trust Corp. yesterday declared an
extra cash dividend of $1 per share
on the common stock of the corpora
tion, payable December 18, 1937, to
stockholders of record December 10,
1937. This brings the total dividends
to be paid in 1937 to $5 per share.
The board also approved the dis
tribution of extra compensation, in
addition to regular salaries, to em
ployes of companies in the C. I. T.
group aggregating an amount in excess
of $600,000 for the year 1937.
The plan of distributing this sum,
which is exclusive of amounts for
senior executives, is based upon the
salary of the employe, length of serv
ice and individual performance record.
JUMP SEEN IN EXPORTS
OF FARM EQUIPMENT
By the Associated Press.
Exports of farm equipment in Octo
ber were estimated by the Commerce
Department at 61 per cent above the
same month last year. The total of
$6,826,322 was less than September by
a seasonal amount.
For the first 10 months of the year
foreign sales of farm equipment were
73 per cent better than last year.
NEW YORK BAR SILVER.
NEW YORK, Dec. 2.—Bar silver,
44%, unchanged.
RUBBER FUTURES.
NBW YORK. Dee. t CPI.—Crude rubber
futures opened barely steady, 5 to 11
•over. December. 14.95: March. 15.24-25:
I May. 15.37-38.
1
CLEARINGS DROP
FAR BELOW 193B
Total for 22 Leading Cities
25.2 Per Cent Under
Period Year Ago.
By the Associated Press.
NEW YORK, Dec. 3—Bank clear
ings In 22 leading cities for the five
day week ended December 1 totaled
$4,604,181,000, a drop of 25.2 per cent
under the $6,154,592,000 for the like
1936 week, also a ftve-day week, Dun
& Bradstreet reported today. The
Thanksgiving Day holiday fell In both
periods.
The credit agency attributed sharp
ness of the decline in part to the fact
the 1936 week Included two days of
first-of-the month settlements, whereas
only one such day fell In the period
this year.
In the preceding week volume was
19.1 per cent under a year ago.
New York City clearings at $2,767,
958.000 for the latest week were 31.7
per cent under last year. For the
group of cities, excluding New York
City, the aggregate was $1,836,223,000,
a decrease of 12.6 per cent under a
year ago.
Clearings were 7.9 per cent above
last year at New Orleans, up 2 per
cent at Dallas, up six-tenths of I per
cent at Cleveland and up two-tenths
of 1 per cent at Atlanta, but fell at
other centers. Largest declines, out
side of New York City, were Boston,
30.1 per cent; Philadelphia, 18.3; De
troit, 15.5; Pittsburgh, 14.6; Baltimore,
14.5; Omaha, 13.2; Kansas City, 11,
and Cincinnati, 10.3.
Chicago clearings, at $278,500,000,
were 9.5 per cent tinder a year ago.
Bank clearings at leading cities, to
gether with percentage changes from a
year ago, also, the dally average bank
clearings for the months of September,
October and November, follow:
(0O0 omitted.) ‘Week Dec. Per Cent
1- 1937. Change.
Boston _ 5* 1 77.2ft3 _an 1
Philadelphia - 317.000 —18.3
Buffalo _ 31 inn 7"
Pittsburgh - 110.709 —1431
Cleveland - 82.718 - 00
Cincinnati - 52.034 —10.3
Baltimore - 58.180 —14.5
Richmond _ 35,399 3 ■’
Atlanta -1 47,900 -t- 02
New Orleans - 35.490 4- 7.9
Chicago _ - 270.500 — 9.5
Detroit - 101.428 —15.5
St Lou s- 79.3T4 — 4.2
Louisville __ 20.514 8 1
MinneaDolls_' 59.359 _ 6 5
Kansas City - 15.420 —11.0
Omaha 24.503 13 0
Dallas " 46.789 4- 23J
San Francisco_ 139.400 jj
Portland. Oreg._ 23.000 —10 3
Seattle - 29.567 — 2.2
Total -*1,836.223 —12.6
New York _*2.767.858 —31.7
Total all _*4.004.181 —25.2
Average daily:
November _ *942.800 155
October _ _ 986.728 — 0 8
September _ 863.040 4- 0.6
•Five days.
BITUMINOUS OUTPUT
OFF SLIGHTLY IN WEEK
The National Coal Association, from
incomplete car loading reports from
the railroads, estimates bituminous
coal production in the United States
for the week ended November 27 as
approximately 7,300,000 net tons.
Production for the corresponding
week: 1936, 9,825,000 tons; 1935, 7,
575.000 tons.
The report of the National Bitumi
nous Coal Commission shows produc
tion of 8,688,00 tons for the week ended
November 13, and 7,908,000 few the
week ended November 20, 1937.
Production calendar year to No
vember 27: 1937, 399,429,000 tons
(subject to revision).
REAL ESTATE LOANS
p.. RESIDENCE and
^07n SMALL BUSINESS
%J /u PROPERTIES
FRED T. NESBIT
1010 VERMONT AVE DISTRICT 930*
I
Models Able to Meet Rival
Offerings Are “on Ice”
Pending Demand.
By J. G. DONLEY. !
Special Dlipetch to The Star.
NEW YORK. Dec. 2.—Will the big’
automobile manufacturers meet the,
competition of the lower priced ear
of one of the smaller but old-line
makers? Lower priced models afe
known to be "on the ice” in two of
the “big three” plants and also in at
least two of the smaller producers’
factories. They have been in process
of evolution for a number of years
in most cases and are generality re
garded as “ace-ln-the-hole" products,
not to be trotted out—until. -
As a deciding factor the resistance
to higher prices by the consuming
public may prove more Important
than existing competition. But the
question remains unanswered as tp
whether the recent slump in sales of.
new cars has been due more to .the
facts and fears of the general bus!-,
ness decline than to the actual in-,
crease in prices, which has averaged
around 10 to 12 per cent.
Watching Trend Closely.
For the first 10 months of this
year the motor industry was operat
ing at an eight-year high, but No
vember production dropped under the
previous year’s for the first time to
12 months. And December schedules’
are expected to average about a four
day week—maybe more and maybe
less, depending upon the “spot trend”?
of retail sales. Those are the facts cf
the situation, and they indicate that
the industry is playing its cards pretty'
“close to its chest." With steel op-'
erations at low ebb, it has been pos
sible to cut inventories to the bone'
without fear of difficulty in getting*
Immediate deliveries as needed. *
It is said that the higher prices on
the 1938 models make up for about
half of the increase in production
costs at the reduced rate of October
and November production but would
work out at just about a stand-off
were it possible to build sales and
production figures up to the average of1
the first 10 months of this year.
Industry Not Commenting. v
If with the turn of the year it be-,
comes apparent that buyers are deft,
nltely resisting the price line, some
makers in the industry may figure
that the time is ripe for introduction
of their long-planned “economy cars.”
Such action would broaden the base
of the market for new cars and per
haps take some of the smart out of
higher costs and lower profits on
standard lines. But there is no in
clination in the industry to make any
predictions that such action will be
taken. '
In fact the leaders In the Industry
appear to be soft pedaling that idea.
One reason may very well be that,
while the effect upon new-car sales'
would be favorable and lower priced
competition would be met, it is feared
that the eventual result would be the’
scuttling of the used-car market to
the detriment of dealers.
(Copyright. 193T.)
Build Your Home
with a FHA Loan
If you have 20% cash or own
your lot free and clear see us
today—
reatonable feet.
j [Shannon &luchS]
Morttate Loan Correspondent*
INVESTORS SYNDICATE
j 1505 H St. N.W. Natl. 2345
' "■
LONGTERM PJn/ I
Mortgage Loans &yomoB' |
1
m
Monthly Payments of
*6-eo on each *1,000 §
borrowed, include interest and
pfcy off loan in 20 years.
• Interest charged only on
unpaid balance of principal.
• Amount loaned—up to
66^3% of appraised value. ■%
• Valuable prepayment privi
leges.
■
Other plans of financing first •
mortgage loans available
1
H. L. RUST COMPANY f
1001 fifteenth St * Ational 8100 il
I vl

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Evening star. [volume], December 02, 1937, Page A-21, Image 21
About Evening star. [volume] (Washington, D.C.) 1854-1972