The Cincinnati Enquirer from Cincinnati, Ohio • 14

THE CINCINNATI ENQUIRER i FRIDAY, Id CI.MI5I 3. 1013. PU.F It FRIENDLY POLICY ASKED Vermont Plant Acquired If 1 A I Cl I BUSINESS Toward Argentine Trade Club irOUPl Lom nnrprn Villilil UU1 VUlliUl Uldl lO --c A Head Adv rates Stop. rent certificates of in foil duo doy. ciiuisition of the Kutlirui.

plant of Diamond lives by the IMPROVEMENT Of Prescnf Svslcin Of Insiir.inc Control Ky Linton rYuVralizalion Opposed. LEADERS On New Drackett Product "pood' noifih- Applicr.tion of the Holds At Hi-h Level rVmoi ioan Homo Products Cornora- Reports War Bond Sales. pecomn i.P' Acain Push Forward. ZasS Washington, id du: ins Nowrebi hoi" policy to Argentina was through the A. S.

Boyle Com-eited by Frank P. Patterson. Presi- pany, Cincinnati subsidiary, was dent of the Foreign Trade Club of announced yesterday in New York, the Cincinnati Chamber of Com-j The F.oyle Company, which deals in luerce and assistant export man-j hardwood finishes, is situated at of the Newport Rollins: Mill 1031 Dana Avenue. eiated 70.00,i.non and rod- o) ln inci'ui'ili During Orlnlier-IMi IniliA licl'livls mil silualiiin. New York, Decemher 2 (AP) The success of unemployment insurance lies in improving the pres 2 jtiops 5170.

1-1 000 lvghrot for any 1.. i' Troamry ior.nto.t to- Company, in a talk before tne I nr iru. itiitiri i i milium dav. associated associated the to 4 svxo Ff1 business ac- vcl ol Cincinnati Evening Col ent state-Federal program not in A 1 Cincinnati vith the heavy silo To llilici' Prices. HUSIXESS MUFFS ic Spanish Club last night.

i-oiiipirie liberalization JM. Aineri I dining the recent Third War Loan declined i "The important thing to remem- of Commerce mi.ex was is th.lt tlu, Argentines are so Damage Action Dismissed Unit- (drive. mere aie more mm S26.5.0i"0 000 v.orth of savings'" i bonds outstanding. at the highest level for that month very much like us," Patterson said, ed States District Judge Albert L. since compilation of the statistics "Tliey are proud, independent, in-j Watson ruled yesterday that two was s'ved in Morris Ed- tonselV patriotic, and suspicious of: patents held by the Standard Oil the motives of the Yankee, owing Company of California were invalid wards, Executive ice President, tQ the recold we nave made in theland dismissed a damage action reported yesterday.

ipast." I filed, by the company against the VviW So 1 Averages. (BY INTERNATIONAL NEWS SERVICE Thirty Industrials Selling Wanes In "War Babies" As Allied Talks Indicate Prolongation Of War. New York, Pecembei 2 (AP) Leading stocks again operated in recovery territory today and market favorites generally extended Wednesday's comeback by fractions to 2 or more points. Recovery tendencies prevailed at Low. Close The C.

of C. index dropped 19 Patterson asserted that it was Tidewater Associated Oil Company, Open. High Linton, President of the Provident Mutur.l Life Insurance Company, Philadelphia, said today. Variations of the existing system may bo required to meet local needs, Linton told the 37th annual meeting of the Association of Life Insurance Presidents, but under the state basis "it will be accomplished in a sounder manner and avoid the peril of totalitarianism involved in a wholly Federal system." He said proposals before Congress to replace the state-Federal system of unemployment insurance "would nodi vvoti fi- no paints from the September level, still possible for the mted Mates Inc. The suit charged infringe- but the October level of 1S0.7 was to secure tne cooperation oi one or nient.

lne patents were on proc-au all-time high for that month, the most virile and progressive na-jesses for distilling gasoline and rein October. liML', the index was tions south of our borders" by, moving sludge and other waste Twenty Kailroads. Open High Low. Close. Chan materials.

up 0.25 17a. 1. treating Argentina as an equal. 32.01 32.30 31.97 32.16 "Those elements in the index Seventy-five I'tilities. reflect industrial and com- the start in active dealings.

The BRITAIN PAYS HFC To Issue Debentures Seiberling Rubber Company announced stock Open.lHigh.! Low. Change, mercial activity-the major items pace eventually slowed appreciably Washington, December 2 (INS) holders had approved the com 1.08 21.26 21.00 21.12' up 6.02 of importance over a period of time held steady or showed slight im-1 secre tary oi i-oramme Jesseanys plan for issuance of deben- Sixty-five Stocks. dangerously undermine our demo u- il ranniinH Jones announced tonignt tne to finnnre nn exn.insinn in itt- ii i. t. i "i tire-making facilities.

cratic institution by placing enormous power over the individual in -The drop in the over-all fiRUle ment to the Reconstruction finance 45.25 45.65 45.15 45.4S up 0.SI at mhiitahln entirely to shrink- Corporation of more than J. P. Seiberling. President, said the company would plaoe with the the hands of a vast, country-wide ase in bank debits, due to the War 'm collateral securing a loan Bond activity which was present in the United Kingdom of Great and top gains were trimmed here and there at the close. Waning of tiuicii-peace talk, as the Near East Allied conferences were interpreted by Wall SUeet as meaning tne war was far from being over, caused selling to dry up in recently depressed armament issues.

The thought were was that predicted postwar industrial conversion difficulties might be ob Mutual Life Insurance Company of machine operated and controlled by oh in nrtnhor Britain and ireiana. i.ne total of Jones said, New York $1,500,000 worth of 4 per cent 15-year sinking fund debentures, and proceed with plans for Edwards said, H. R. Drackett. President, left, and Robert Boyer, director of scientific research of the Drackett Company, are shown inspecting the first batch of soybean fiber produced at the company's new plant in Cincinnati.

Four years ago this product was a $400-a-pound laboratory curiosity. Today it is being produced commercially and is finding a growing field of usefulness as a new raw material which may be blended with either cotton or wool or woven directly into many textiles. represents payment through Novem- The index of department store expansion at Barberton, Ohio. Washington." "This federalization proposal takes us to the center of the state's rights' battle now being waged on several fronts," Linton said. Stock Transactions.

Industrials. 59.105 shares. Rails. 45,100 shares. Utilities, 43.9C0 shares.

Bond Averages. Forty bonds, 95,77, up 0.25. Ten first rails, 100.93. up 0.22. Ten second rails, 65.00, up 0.67.

Ten utilities, 110.23, off 0.01. Ten industrials, 106.91, up 0.12. He said about $1,000,000 would be sales was the highest in the records du. 'ine loan, totaling of the Federal Reserve Bank, which '000. authorized in July.

1941, extend back to 1919, due to advance 8390,000,000 have been dis- ii 1 spent for machinery and equip Christmas purchases for men in i DUI ment and $500,000 for additional manufacturing space. First commercial production of KAPID VOTES DIVIDEND. Directors of the Rapid Company yesterday declared Freight Loadings Decrease The! fihpr mndp from 80Vbeans service. Fractional changes now occurring from month to month in employment indicate that Cincinnati is passing the peak of manufacturing viated before final European victory arrives. This theory brought the reinstatement of commitments in a number of instances.

Another batch of pleasing year-end dividends also was helpful. While tax adjustments still were relatively mild, the chances of these attaining considerable volume before mid-December continued to provide a restraining influence mar-ketwise. Transfers of 715.2S0 shares compared with 711,270 the day LIVE STOCK a dividend of 50 cents lor payment Association of American Railroads i C3.i reported that 820.082 cars of reve-staited yesterday at the Spring! nue freight were loaded during the0ve Avenue plant of the Drackett week ending last Saturday. This Company, initiating a product which was a decrease of 62,205 cars, or pvDected to be of maior nostwar productivity which is possible with December 15 to holders of record available man power, the report i December 6, bringing total disburse-noted. jments this year to $1.

first time how this fiber is produced from the versatile soybean. "Although it has required several years of intensive research and laboratory experiment to develop this process, it is relatively simple in actual operation," they explained. "From the soybean we first extract soybean oil through a method we developed several years ago. After this is done there remains soybean meal, which we sell in large quanti 7.1 per cent, compared with the importance, Harry Drackett, Cincinnati livestock market as reported by the War Food Administration, based on market conditions and sales reported up to 1 p. m.

Thursday. December 2: i Cattle Receipts. 417. Thursday's cattle' trade slow at steady to weak prices. De-I mand was extremely narrow for the rank preceding week; an increase of Grains Lose Ground; Traders Mark Time Chicago, December 2 (AP) Liquidation in December contracts, in which trading ends next Wednesday, finally got the better of the grain market today and prices generally closed lower after a strong start.

Activity was light in view of the many uncertanties regarding subsidies, ceilings and international developments. Wheat displayed the most strength throughout, the session, the Mnv nnri Julv contracts nt one 76,618 cars, or 10.3 per cent. com-jPresident' announced, pared with the corresponding week- In the last four years, the product a year ago and a decrease of 46.09S;has been developed from an ex The moving picture group was and file of steers and heifers that craded j. tn common and medium. Several lots of rie-' stimulated by a M.50 extia declaicd anrt oori s0d Cincinnati Exchange Trading Tie tabM snnws the sales ranpe pf prices, net chances, closing bid and ask quotations lor rev.il, ir Ims md rates, parentheses, of stocks on the Cincinnati Stock ENCtiat't-'e on Thursday, December 2, 1913: ties for livestock feed.

Roughly cars, or 5.3 per cent, compared with two years ago. half of this meal is protein. To manufacture our new fiber we re pensive lnhoratoiy experiment to a stage which permits marketing at a price which will make its use feasible in the manufacture of textiles and fabrics, the company an- move the required amounts of protein from the meal. Distillery Buys Concern The American Distilling Company was acquired by the Moxie Company, T. TT 1 f.

14 by Loew's, putting this company's with some medium srade 740-11). disbursements for 1943 at $4 a mon share against last year, the country at Jlft.sn. Common and me-i Utilities had the benefit Of ex-l 'lillm steers anr 1 heifers, My dairv-typp hreeiis, cashed in a pcddlinc panding electric power consumption. I trarie frnm mostly and Rails were buoyed by possibilities i "mler. Canner and cutter cows earned 1.1 i i from $4 S.

with a limited number i of a blighter labor ouJook in this crmmon anrt mMium b(, CHVS from field as well as prospects for the Sin. Good sausage bulls were srarce. lJrlce I Net "This gives us a moving to new seasonal highs xiigiium eon ilium tutciii, 1 nounccd prociuci. inrougn a special process on moderate mil', buying. When I.

I I 2 102 'i' 'i I was reported yesteraay. ine juoxei transaction reportedly involved the It may he blended with' either 102 102 the milling demand was satisfied, exercise of an option from a holder cotton or "Aool or it may be woven lnnipninr nr nf pnninmpnt allot- "llu notca, ioosening up oi equipment auoi rom jio.50'i a. white eufer and common- tnis is uqueiiea ana convened into a mass with a consistency resembling that of molasses. This liquid is then forced under pressure i Saies i Bid i Ask I STOCKS. i Shares! Open Atn-r Products in 7' HaMwin (0a) 4 101 fin'i Oas if ll i 1H2 Ry I 50 IOiV'i 7:" Ry (1.3" I 4 7 3 4 4 Co.irrbia Gas I loo 3-, 30 3'i i2 100 30 2- Hatf (1.50) 100 2S-.

31 32 Kroner t2i- i 33 31'j IS'' 19 (2a) xd SO 19 i 37 40 Plavin? Card (2c)' 20 39'i 8 14 50 51 Do pf (4hl I 5: 50 ments for most roads grades cashed from $7 39 50. of a large block of stock through! or spun into fabrics. It has al- 31 Calves Receipts, 247. The vealer mar- lost American Distilling an affiliate of American Distilling. ready been made experimentally however, prices drifted lower.

At the finish wheat was higher, December, oats were Mc lower to Mc higher, December 78c, rye was 'stffl lower, December and barley was 3sc lower to higher, December $1.18. 3: 301. 28j 1H 3t'il 19 1 40 Vi! i 8't! 501 Ts 39 li points Of its 10-point jump Of yes- sales made at unevenly iower figures terday on profit taking. I Good and choice veaiers'were scarce, too sales reaching $15.50 and no reliable cutlet In the Curb, Cities Service pte- exlstsd or tne majority of veaiers on dis-ferred climbed 2's and the com- Play, grading cull, common and medium through fine platinum spinneretes from which it emerges as hundreds of thin filaments. These filaments are then given a number of carefully controlled chemical treatments mon vs.

Others in front included; Hogs Receiots 33151 steadv fo 2iei Total sales were 5S3 shares. 'Prices on trades less than 100 shares are based into such products as blankets, felt hats, underwear, hosiery, suitings and upholstery fabrics, This new product may be so controlled as to build into it various desirable characteristics which enable it to meet a variety of requirements. "We plan to increase the capacity of our soybean-fiber plant as rap Quaker Oats, Raytheon, Midvale1 lower prices were paid for butcher hogs, on regular lot tiades on New York Stock or Curb Exchange, Bank To Raise Pay Directors of the Chase National Bank of New York authorized an increase in the supplemental pay of the bank's employees form 5 to 10 pr cent on the first $3,000 of annual earnings. The action was taken subject to approval of the interested governmental agencies and affects employees and baths, during which they are stretched and hardened. December 2 (AP) Grain Chicago, Closing Quotations and Pueet Pound Power Turn- wun IU" Downturn.

re- ana x-uget ruer. iuI" mand continued limited, the fresh sunp.v over vas Shares against excesive and the holdover will range: "Finally the fibers are dried and then cut to desired lengths. The I Bid. I Ask. 180 WHnMiv 2.500 head.

Butchers averaging 160-Mo: Bid. 1 Ask 19 Rails and utilities contributed '07 to 'kt eaX to Mc u.vi mj ai oicau, wnr end product is a fiber which resembles wool in appearance. In ac whose annual salaries do not exceed 9 I 101- Fyr-ryter A i2) 16 I 24 'it 25'j Gallagher Druf; pf (1.40) 1 21 I 2 1 i I 3 Do new pf I 103 I 5 General Motors (1.50a) I 11 12 Gibson Art (2 I 28 I importantly to a turtner rise in tne omer weiKnts nomir.g a steady price American Prouucts prior pf. idly as war conditions will permit, 1 rr u.iuu ana cnuiee IDU-15U ID nog: ,000. Employees of the bank have; Drackett said.

"Production will be uuitu itauiug ico earne(i $13 ,0 iso-200 lb kinds sold at Do part pi Aitin Rolling Mill Ha i active tnan on weanesaay, nowever, 5u. 35: 200-210 in hops secured the sup- natneia-uampDi pnorpn.ouii ru i Do part pf (2.50a) I oalcrank Baldwin pf i0 Burger Brewing 50 'j 30 11 28 15 39 11 nnd tho rntp nf p-nin wfl dnpiport Price lovel of 513.90. Heavier hogs ana tne late or gain was less, aue reeclved a uvo.way market, wjtn 270.3a0 principally to profit taking in some i it. averages from si 2.73-. 13 and lb been receiving supplemental com-; pensation since the final quarter of 1941.

The stepped-up rate will apply for the first quarter of 1944. stepped up as quiciy as we can secure new machinery and equipment to carry on additional manufacturing operations. Actually this may be said to be a postwar plant, Do pf (4 1 ill of the fast-moving reorganization1 "aiabie, within the price range complishing this we have effected a variety of chemical changes. By altering and rearranging the molecules, we can secure a product which has a variety of characteristics." The Drackett Company have pioneered in soybean developments. The company's technologists have I High.

I Low. I Close. Wheat I I December $1.6514 $1.65 IMay I 1.62 1.62'4 1.62 Vi July I 1.60 I 1.59',! 1.5914 September 1.59, 1.58Vj 1.58 Oats I I I December .78 .78 May 73 V4 Julv .71 September Rye- I I December .1 1.17'ii l.15',i i.lf1l.lft'-i Mnv I 1.174I 1.15'il 1.15'; 1.16 'July I l.iS'.i 1.14'-. 1 14(fil 14 -H l.tentember 1,1434 1 l.l.T, 1 1.13". 1.13 Barley I DVcember 1.11'ti 1.17-M 1 18 May 1.15i 1.141,! 1.111,4 Uuly I 1.13m 1.12M 1-13 1.90 I 11..

most interests paying 51 rails near the close. Sales of' 1 12.75 for the 300-350 lb and 350-400 lb $9,194,200 compared with $10,134,100 hoss respectively. In the lighter War Spending Hits Teak War reflecting our postwar planning. i iwi O' MIlllS IrtSIieil HI SlCaOV rates Pv nf the day before. Other groups re-! $11 25 ii 1I0.1.A spending hit a new peak of more While carrying on commercial ni I fleeted extreme steadiness.

incs brought JP 257 in. 75. Good sows Cln'li Telephone (3 40 than 57,541,000,000 during November manufacturing we win make a con-to top by $72,000,000 the previous tinuous technical study of this new lrra ii Tin'ti stork Varrt Sheep-Rernpts. 95. Strictlv good and choirs lsmhs cashed at fully steady nH ini .1 24 I .1 39 I I 10'l 101 .1 l'il .1 102 -ml .1 40 'j I .1 110 I .1 4.l .1 10 I .105 I 5 I .1 1 I .1 3 .1 225 I 23 3 105 Hilton-Davis (.30) Do pf d.50) Hobart Mfg Co.

(1.50f Aiihn 90a) Do 1st pf Leonard Tailors Little Miami gtd Do special gtd 2 pf (6.50).. Mngnavox 25a) Mmischewitz tla) Do pf (7) Meteor Motor National Pumps Do pf Proctor Gamble Do R'i pf (8) Ret-dall A (2) Ro f.SOa) Rapid F.lectrotype Sabin Hobbins pf (7) aiKlird Brands new (lei fiber and of new or more efficient made many products experimentally from soybeans, including plastics, wallboard and paints. Currently the company produces about 70,000 I 108 5HI 50 I IS 19 IPS 12 4 oi KM 72 73 7V 1o 13 i 13' 12" 14 -V 15' 7 i 12 5 9 10 103 3.H.',' 113 "i 11 5 60 i 'nan easier. Brokers Loans Decrease, Washington. December 2 i 2 manufacturing processes, as well as of potential new uses for the Ha i 75-50 lbs cashed up to $14.75.

while the Ti-: HO) 57W fiber. In this way, when the war tons of soybean meal annually, and record established in June. The amount was $552,000,000 above the October total and brought, aggregate expenditures for war activities during the first five months of the current fiscal year to $35,147,000,000, compared with in the same period a year ago. i.50i. No wheat.

Corn, new sample yellow 80(3 81c. Oats, No. 2 white M)V7ft2HC samile grade white No. 1 special limited offering of good and rhoire trucked 'n i In lambs sold from Most lambs of rommon and medium grades earner! ri. prices from 12.50.

Good slaughter A 'nf msYt am nf 15.7.1b ends, we will be all set to go into approximately 30,000,000 pounds of soybean oil, which is currently dis I xrt red 82 Vic, No. 1 special red heavy 82'j large-scale production. Drackett and Robert Boyer, di ewes at steady rates topped at SO. witn 5S3c. Barley, malting St.

2a a 1.40 nomi It It" I it lie 1 i.eilU 1 ct -The Federal Reserve Board le-ported today that loans to brokers and dealers on securities held by member hanks in New York City totaled 51,123.000.000 yesterday, a decrease of $102,000,000 from a week ago, and an increase of $530. 000000 from a year ago. Included tributed under government iium nal, hard S1.20S1.24 nominal. Feed $1.12 Do pf i6i 53.0011 0.50, culls S3 downward. rector of research, disclosed for the 26- (91.18 nnm na Field seed per luo pounns, Timken Roller (2a) I 44m Chicago, 2 (AP) (War Fond timothy nominal, red top $14W15 nominal, red clover $31.50 nominal, sweet Earlv Daniel 1 1.50a i Do pf (7i Foundation Investment Do pf (4.81a) Western Bank Trust I 6(j Mdministratrnl Hogs slow: coot and clover $10.30 nominal.

I choice 200.270 lbs steady at $13.75 the ton. RESERVE REPORT Cleveland Reserve Bank. Statement of condition of the Federal is $367,000,000 loaned to purchase weights over 27'i lbs ioc lower, weights un- Minneonolis. December 2 (AP) Flour (a) Paid or payable this year, (b) On accumulation, (c) Plus 50 cents extra, (d) Plus $1 25 extra, (e) Plus 55 cents extra, (f) Plus "5 cents extra. or carry United States Government! unchanged.

Shipments 18,290. e-'ii iu fc-ic lower; good and rhnipA Reserve Bank of Cleveland at the close of "70-330 lbs S13. 30-5 13.65, 170-19O lbs $12.25 business December 1. 1943 (in thousands obligations, a decrease of for the week. Actions By War Agencies Strict Controls Imposed On Critical Lumber Man Power Ruling Issued.

of dollars): mm ASSETS. Uilistsd Uuotaiions Gold certificates on hand and due from u. s. Treasury 1,589,332 Redemption lund F. R.

21,237 Other cash 22,301 1,633,470 Quotations, except fcr United States Treasury Notes and Federal Land Bank Bonds, are furnished bv the National Association of Securities Dealers, which states they do net necessarily reflect actual transactions or firm bids or offers, but should indicate approximata prices. Out-of-town quotations arc transmitted by Total reserves Bills discounted: Secured by U. S. obligations KOCH TO ATTEND SESSION. Herbert F.

Koch, Executive Vice President of the Guardian Bank and Savings Company, will participate in the joint conference of the Central States Association and Western States Association of Morris Flan Banks in Chicago tomorrow and Sunday. The discussions are to be devoted exclusively to war problems of consumer credit banks and plans for taking care of peacetime consumer needs. Government areas not served by retail yards Washington, December 2 (API -Strict allocation controls were 680 IDS Sll.o'i 12.50, good and rholce 3O0-550 lb sows $12 5012 65; virtually entire fresh receipts held eve' approximately IS, 000; shippers took 1,000. Medium and good grade steers with weight and comparable gra-ie cows weak to 15c lower: all other grades and classes steady with choice steers and earners; canner and cutter cows active- hardy enough choice steers here to meet shipper requirement; common killers sold dependably at 511.50 down: stockers scarce, firm-average choice fed steers topped' at strictly choice kind absent: best yearlings heifer yearlings $15 75-bulk fed steers most heifers 1 5 cutter cows down-weight sausage bulls to S12.25- veaiers steady at $15 down. Fat lambs very dull; scattered sales good and choice native and Western lambs weak to lower- clear-ante incomplet- at 1 innie gnod and choice itive and fed West.rn lambs top S14 0- otw rl-.

vim. Associated Press. Bid. Ask. Bid Ask.

Exchange Plans For Peace. New York, December 2 (AP) The New York Stock Exchange today announced a broad program for expanding its scope of operations in the postwar period. Emil Schram, President, said it had initiated studies "looking to the development of plans for the mobilization of private capital to eid in world reconstruction after the war has been won." Schram said that as the program fleveloped the exchange would in 680 390 CINCINNATI STOCKS. I imposed on Southern yellow pine I lumber and certain hardwoods by are not restricted. Essential Workers Individuals employed by essential industries in capacities not specifically classified as essential are nonessential work Diversified TrC 3.45 Bid.

Ask. Do 5.15 246.527 1 the War Production Board today to Total bills Industrial advances U. S. Government securities: Bonds Notes Certificates Bills Dividend 1.14 4 47 53 34 ft 93 l4 36 Vi 5'. 1300 llanufact'rs Tr 2 45' Do pf 2 51s Natl City 1 32 Trust 3'j 89 Public 34 rule 4 -i United States B'a 1255 5.85 1.25 21.21 21.50 18.24 22.50 a.Sfi 299 420 1 conserve tlle snort supplies now available for essential war uses.

1 In addition to Southern yellow Aeronca Corp 2rn Am Oak Leather. Do pf 93 Am Therm A 31 'i Do pf Black-Clawson xd 17 ers, the War Man-Power Commission ruled today in announcing 33? hi Government se- Total r. a. curities inine, trie wra Drougnt oaK, asn, 931.187 l)i several additions to the list of essential occupations. Eat HBal Fd 19.75 Equity $3 pf 28.50 Fidelity Fd Inc 16.95 First Boi Corp 21.00 Fst Mut Tr Fd 5.02 Fixed Tr Sh A.

9.09 Found Tr Sh A 3.55 Fund Invest Inc 19.66 Fund Tr A. 4 46 Do 4.23 Gen Cap Corp. 30.27 Gen Invest Tr 5.02 Group Sec Agrl 6.16 hickory, yellow birch, hard maple, rock elm and beech under its GENERAL PRODUCE Chicago. December 2 (AP) Live poultry, hens steady, springs wrak: 5 cars, 33 trucks; other ma'kets unchanged. TNSI'lllNCK srOCJiS 1 Ask 4 in H.fi.i 5.1s vite the views of leading authorities! best yearlings $13.

10 tui'k slitiihter ewes Total hills and securities. Du from foreign 1-'. R. notes nf other banks. Uncollected items As an example, the WMC said that no marketing or distributing 932.257 13 3.616 191.770 4 i-'-i 1 O-J IS 1 1i Aetna Cas la I36U 1 Ilk Butter and eggs firm and unchanged ai Tho order, effective January 1, 56 36 1" Jill.

ion 4 Bank premises activities have been classified as ceilings ER futures. Aetna Ins I.611.1 53 Aetna Lite 1.2(ia 31 Agriculiure 73 i-a Am Alliance 21's 973 i specifies that producers may sell Other assets 678 Do h-- pi Do 6f pf Fox I'sp-r General Box General Ma h. Do 4 pf Jibson Hotel Do pf Glohe-Wern Do pf Iriess-Pfieuer Gruen Watch. Do pf 5r v-i u.ti.d.1 bu an uiuiviuudl engageui Month. Dividends these woods only to: 1) The Cen in these operations for a firm in es Total assets 2,778,022 I High.

Low. I Close. 42. "4 2. 5fln 1 Decemher February LIABILITIES.

95 tral Procurement Agency of the United Sttaes Army Corps of Engineers and to contractors and Am Kquit 1 JR'i Am Ins Nwk 14 'tj Am Re-Ins 10 14 Am Reserve 14 'a Am Surety 57 Potato futures "Month. 30e, December American Ag. Chemic-il December 16. High. Low.Close.

others designated by the corps Baltn-Amer 7 January I $3.401 $3.401 $3.41) 05 cnui i hue. January 3, Decem- Harshaw Ch in the fields of hanking, investment, industry, foreign commerce and government. One phase of the study, Schram said in a statement, "will deal with the feasibility of making the facilities of the New York Stock Exchange more readily available to foreign interests under such provisions as may be necessary." "The prospect that additional foreign companies will ultimately seek to list their securities on the New York Stock Exchange," Schram added, "is indicated by another phase of the study. her 9 Do Autn-hile n.nu Do 5.35 Do Building. 6.32 Do Chemical.

5.50 Do Foods. 4.54 Do Gen Bonds 6.81 Do Investing 5.16 Do M'chandis 5.68 Do 4.40 Do Petroleum 5.85 Do RR Equip 3.53 Do RR Shrs. 3.02 ro Steel 3.90 Do 3.71 (2) To other Federal agencies, in uu, preit-iren, quarterly, J1.50, Jan- Heidelberg Brew. 40 Nominal. Federal Reserve notes in actual circulation 1,147,677 Deposits: Member bank reserve account.

976,995 S. Treasurer gen' 1 account. 25,507 Foreign 122.546 Other deposits 8,291 Total depfffs 1,133,339 Deferred availability items 156,400 Uary 3. December 9. sential work is not an essential worker.

The new essential occupations: Susage casing producers, glass heat and flame resisting conking utensil producers, and the following occupations In the bookbinding industry catalogued generally under communications services: Multiple-folding machine operator, flat sheet cutter, multiple-knife book trimmer, stock cutter; case binder, all around; backing-machine operator, headbander and liner-machine operator, casing-in-machine operator, case-making-machine operator; book binder, all around. cluding Lend-Lease, and their contractors and suppliers; (3) To specific recipients designated by WPB. n'ee w'5n- February 1, Marathon Pap Oilier J'. I rj pf Beatrice Creamery, quarterly. 3.c.r limn, Ti HO Bank Ship 3g.

S2V4 24 Boston 16a 38ii Camden Fire 1. 22 'i 106 City of 1g. 17-1 4U Conn Gen I. 1... 36 14 Contin Cis 1.20a 37-1! 20 I Federal td 3ft 'i TREASURY STATEMENT Washington Decemher 2 (AP) The po .100 -1 3 IS -II 1- i'oguc 6ro pf sition of the Treasury November 30.

compared with corresponding date a year ago: 5.51 5.89 6.95 6.05 5.00 7. -19 5.68 6.25 4.85 6.44 3.90 3 34 4.30 4.09 1.50 20.09 2.38 .89 1.17 23.50 11.43 28.48 27.93 19.01 9.36 16.74 Uhinelaniler P. otner nam 111, cs including accrued dividends 727 41 '2 Fire Asso Ph 2a. RichardP-in Income Fnd Fd 1.37 Incorp 18.68 Receipts, $77,865,665 expen- Mills producing less than 10,000 board feet per average eight-hour day are exempt from the order. Sales by retail yards or mills in FiremanF (SFi 3 85 Sport Products.

6 i 23 Vi 16 56 (4 16 59V4 8', 8714 5S0 23 19 38 'i 40U 43 64 89 13 28 "i 46 "1 19(4 441i. 9V3 29 (s 27-4 98 V4 44 -'-i 32 lg 16 8314 411, 914 7 ditures, mi; net iii- Total 2,738,14.3 Firemen's N'k. 10 11 7 Indcpend Tr Sh 2.10 8i 5 ance, Tennessee Prod. Do pf 3 i Inst Sec.AviaGr 8.77 working balance, included, Do Bk Group .84 Do Insurance 1.08 Holding 6 Vulcan Corp (j i.t, no. special.

January 1. December 13: do prefe'red Quarterly, Jl.nO',, January l', Decemher Curtis Publishing $7 preferred accumulated, $5, Decemher 2-3. December 13 General Time Instrument, 5i)e, December 21, December 14; do, preferred, quarterly. January 1, December 11. Grumman Aircraft, 50c, December 21, Decemoer n.

Interstate Department Stoles. 25c, January 15, December 24; do, preferred, quar-ter'y, $1.75, February 1, January 15. Margay Oil, quarterly, 25c, January 10 December 20. Invest Co Am. 21.62 15,524 14,767 1.0)7 8,581 customs receipts tor month, $34,367,776 $23, receipts fiscal year (July 1), $14,305,341,975 expenditures fiscal year, s37.R59.5n4.

776 S28.609. 188.651; excess of Do 3 To pf Do 4 'is pf 15 i Invest i'd Cine 11.36 25 13 66 Frank Fire 26 Gen Reinsur 2. 43 Gihral FM 17 '4 Glens Falls 1.60. 42 Globe Rep 8H Ot Am Ins la. 27-'Si Hanover 1.20 Hartf'd Fire 94 Htld St Blr 160a 41-U CAPITAL ACCOUNTS.

Capital paid In Surplus (Section 7 1 Surplus (Section Lib) Otncr capital accounts Total liabilities and capital accounts Commitments to make industrial advances Keystone CstBl 27.15 Whitaker 61 WEATHER CONDITIONS. Station. Max. Min Do pf 10!) 'i expenditures, $23,254,162.801 $23,540, WJP. Wurlitzer l.i'i 2,778.022 100 305; total debt, Increase over previous day, gold assets, $22,064,584,043 $22,743,411,716.

Bid Banks. NAVAL STORES Savannah, December 2 (AP) Turpentine 75'4 cents a gallon, offerings 155 (50-gallon barrels), sales 1,900 gallons, receipts 66 barrels, shipments three barrels, stocks 43,514 barrels. Rosin (100-pound drums), offerings 673, sales 267, receipts 127, shipments 734, stocks 49,526. Quote, S3. 31 $3.76.

S3. 99. $4. $4.02. Ask.

Home Ins 1.20a. 30- Homestead 14 16.79 Do 2 25.45 Do 3 17.33 Do 4 8.54 Do 1 15.28 Do 2 15.23 Do 2 11.40 Do 3 8.48 Do 4 3.11 Knickerbock Fd 5.49 Manhat Rd Fd 7 S5, 2S, Atlas Nat 339 Nash Keivinator, 12Uc, December Decemoer 11. Central Trust lon3i Chicago, 111 41 Fort Worth, Texas 41 Huron, S. 36 Kansas City, Mo 41 Memphis, Tenn 68 Minneapolis-St. Paul 31 Moline, 111 40 9 tColumhia Ins Co A 2ia 80-i Ji-rseylns NY 1'2 Knickerbocker fa 8 Maryland 6ii Reports Of Earnings 120 i 167 16-ii 1751'2 76 Mass Bond 314..

72 gi' Maryland Fund 3.95 Fifth Third First Nat Cinti First Nat Cov. First Nat Nor. guardian Bank, Lincoln .40 7 32iH $4.04, I $4.07, $4.26, 34.28, $4.40, SEC Activities. Philadelphia, December 2 (AP) The Sscurities and Exchange Commission announced today that a New York Curb Exchange appli- cation to strike from listing and registration the $6 cumulative no par value common stock of Brown-Forman Distilleries Corporation, Louisville, will be considered December 15. Ogden Corporation asked the -fiEC's approval on a proposed 25-cent common stock dividend payable December 29 to stockholders on record December 22.

Ogden's application stated that it had sufficient cash on hand for the payment of the $850,925 aggregate dividend. 18 20 100 120 MercFireAs l(4a 45 "i Nash-Kelvlnator Corporation reports net North Platte, Neb 34 26 jq imhss invest it ry.iw il Do 2d Fd Inc 9.67 Mutual 9.90 Nat Fire 2 56(i 13 Seaboard Oil of Delaware, quarterly, 25c, December 15, December 10. Sloss Sheffield Steel and Iron, 20c, December 21, December 11; do, preferred, 30c, December 21, December 11. Victor Chemical, 35c, December 23, December 13. Wesson Oil, 25c, January 3.

December 15. Industrial Silica Corporation, preferred, December 10, December 1. American Machine and Metals, 25c. December 30. December 10.

Dresser Manufacturing Company, SI, Decemher 21, Decemher 11. 12.56 9.34 4.00 6.02 8.64 4.35 21.15 10.40 10.82 1.30 7.14 4.44 6.45 12.37 5.91 8.23 9.39 income of $4,115,550 for the fiscal year ended September 30, after provisions for taxes, depreciation and reserves, an amount WG $6.25, WW $6.50, $6.50. FOREIGN EXCHANGE Nor-Hyde Park. 94 Nat Liberty 7 Nat Union 184 2 Wide Sec 3.35 ty Itrla i 1o What Stocks Did Thurs. Wed.

Advances ....486 502 Declines 163 141 Unchanged 175 185 Total issues 833 838 New 1943 highs 6 3 New 1943 lows 6 13 equal to 96 cents a share on 4,291,188 Natl 6.60 Nat SSer-IncSer 4.01 shares of stock outstanding. This compares New York, December 2 (AP) Closing rates: Canadian dollar In New York open Peoples 6U tFeop Lib Cov. 37 1 tProvidmt 28 -4 31 Second Nat 16S $1(i. J5i) par. par.

with a profit of $3,828,355 for the previous Do LP Bd Ser 5. 88 27 3214 14 i 23 5 Nw Am Cas Vig New Bruns New Hamp 1.60a 44 i Fire .80. 13 'i North River 1... 21 5i Northeast 4'j Northern 3a 87 Va Omaha, Neb 35 29 St. Louis, Mo 43 33 Cincinnati Airport 63 44 Columbus, Ohio 58 40 Detroit, Mich 47 36 Indianapolis, Ind 56 40 Knoxville, Tenn 52 36 Louisville, Ky 60 44 Miami, Fla 74 40 New Eng Kund 11.48 NY Stks Auto.

5.36 market 1114 per cent discount or 88.50 United States cents, down .1894 of a cent. Great Britain official buying $4.02, selling S4.0.4. Areentina fren 25.20c. Brazil free Insurance 12-month period. The corporation attained its peak production in dollar volume, placed at $184,936,361 compared with a 1942 volume of $122,000,000.

Duke Power Company, $1.75, December 2.6. December 6. 92 5.20c nominal, Mexico 20.69cnominal. All Pacific Fire 5. lllVi Am Drug Ohio Ca.v.ial...

Dhio National. BnwU Bid. Ask. W.j 211.3 21 'A 25 ''4 Ask. 70 6.96 8.58 ULiicmt mica Pao Indent 44 (i Phoenix 2a 85 7.76 Harris Hall and Company.

$1, December 14. December 4. Loew's 50c: do, extra, $1,50, both December 31, December 1. Ward Baking Company, preferred (arrears), $1.70, December 21, Decemher 13. Alms A '4 10.54 7.62 10.30 Ohio Public Service Company of Cleveland asked the SEC to ap- 89 36 6 28'! 24 li 306 Preferred Ac 14 Prov-Wash la 33'i ReinCm-NY '1(4 RepInCoTex 1.20 26' Rev iPUn 1.20a.

Si 4 Ra.296 Fxolon 10e. Decemher 10 lie Do Aviation. 7.48 Do Bk Stocks 8.64 Do Bldg Sup 6.83 Do Chemical. 7.80 Do El Equip 7.05 Do fjhsurance 9.59 Do Machinery 6.92 Do Oils 9.37 Do Railroad. 4.18 Do RR Equip 5.97 Do Steel 5.40 NAmBd Tr efts 38.50 NAm Tr Sh '53 1.97 Do 1055 2.56 Do 1956 2.50 Do 105S 2.11 Plym Fund Inc .44 Moutn American and Platinum urn-pany and subsidiaries report net profit for the nine months tnded September 30 of 159,214, equal to 9 cents a share, compared with 208,094 or 12 cenis lor the 1912 period.

Container Corporation of America reports net Income for the nine months ended September 30 of $1,363,883, equal to $1.74 a common share, compared with $1,783,475 or $2.22 for the comparable 19J2 period. (jreynound 1 orpnratton reports a net income of $8,546,114 for the nine months ended September 30, 1943. or $3.02 a com 4.61 prove its proposed purchase of comber 6. 8.95 shales of the Marion-j General American iranspnrtation Corpo. 330,000 New York, N.

50 40 Pittsburgh, Pa 51 39 Washington, D. 59 31 FINAL DIVIDEND VOTED. Final distribution in the liquidation of the First Investment and Po inc '17. 1l'i Chamo ot Cum Ct 1st lie. Dixie Tcr oa Items ltr 45 (lib II in "is '17 46'i 51 Do 5s Itc '11, (.5 Sam la 102 Griess '51 ill 71 id'uMi, in.

ict ('Mini iirteniiier 1,1. United Slatrs Foil Company, preferred. $1.75. December 10. Decemher do, $1 75.

Januiry 10. January 5. Sur 49'i Security 1.40.... 35 37 Springfield 4 Via. 120 'i 132 Travelers 16 447 462 Reserve Power Company's $5 par value common stock from Manufacturers' Trust Company of New- ft 15 lleatst C'-e olidated I'llhllcal ions, pr, Fid la 36-, 3S December 15, Mast Is '67.

5414 60 mon snare. This compares with a net in- York. The price has been set at terrrd A. (arrears), 4J .49 i-ntier l'L-e Itc. Ins 'a rutn (G) Fund 12.90 13.87 tome equal to a com-.

Fire 2 4 8 14 51U 1 Guar 1.60a. 67 72 Westch'ter 1.2(la 31 33-'i -von i.u ss 11c mon share for the corresponding dim SHin'1" 6.52 $2,550,000 if the purchase is completed before December 31. Between that date and May 1, 194-1, months last year. I noeamlior 15. when a cash dividend Smith-Ka 51.

Itc 91 Vera inc Ss '55 SI 's a- -also extra or extras. Do fis 381 3 44 December 1. Dow Chemical, cumulative preferred 59c. January "5. January 3.

C. Hull Lamp Company, 10c, December 17, December 111. Gieenfield Tap and Die Corporation, 50c, Decembe- 20, December 8. Granite City Steel Company, 35c, December 21, December 14 paid last year. declared or paid so far this 3.41 9.82 6.32 13.85 81.50 the price would increase at the rate COTTON of $2.07 a share will be paid to stockholders presenting certificates guar Inc 5.93 Hcpub Inv Fund 3.10 Sel Am Sh Inc 9.00 Sel Income Sh 3.96 Sovereign Inv.

5.72 Spencer Tr Fd 13.00 State Str Invest 75.84 SupofAmTr AA 2.20 'Tr Std Inv 2.18 vnrt mi year. of $10,000 a month. LAND BANK BONDS Bid. New York, December 2 (AP) Cotton futures closed from 70 to 85 cents a bale higher today, after early gains as high as $1. The range: INVESTING COMPANIES.

Bid. Ask" for cancellation, It was announced yesterday. Stock holdings of the company were distributed In previous dividends this year. Treasury, To Pay Notes. Washington, December 2 (AP) 3s July 104 3s Jan 1956-46.

103 Vi 105 3s May 195H-46. 1116 31-is 104 Last. I High. I Low. I BANK CLEARINGS Cincinnati, $16,172,081.

eronaut Sec. 6.16 Affiliated Inc 2.80 Amerex Hold. 22.12 Am Bus 3.04 Am For Ir.v. 13.99 The Treasury announced today it 4s July 1916-11. .102 102H .77 'Tr St Oil Sh A 5.60 3 -Do 6.30 zg S5Trust Am Bk .43 Trus Ind Shrs .69 "I'lUnlon Bd Fd A 23.

S7 Do 19.45 "'S Do 7.33 TIB TCI T.tP A 1S.BO December 19.33CI 19.20cj March 19.31c 19.15c 19.2519.26c May 19.07c 18.93c 19.02c July I 18.83c1 lS.69c 18.80c Octob'r (new)) 18.56c: 18.41c 18.50c 24.61 nnTLru'Uf Assoc Stand 01! 6.00 I'lII'tT CTflf-UU RANK A 21.26 Hought Fd 12.52 8.01 Kill Ay It Eaok NI Corn 3.25 up 14 Middling spot 20.09c nominal, points. 'Nominal. Stock Averages (BY ASSOCIATED PRESS) Basic Industry. 3.64 Blair Co 1.62 Bk ofANT.SSi--2.40 431s 4si Bk of Man 2U-V. Do 1.65 Welling Fund.

15.36 16, 2.00 would pay off in cash $420,971,000 of l'g per cent 5-year Treasury notes maturing December 15 to bring debt retirement operations for the month to a total of $700,555,000. The other $279,584,000 represents the unexchanged portion of a $3,520,152,000 issue of per Bid Inv Tr Am 98.18 102.27 I nd Inc 15.65 16.83 Broad St Inv. 25.78 27.82 Not quoted by sponsors or issuers. DO YOU KNOW THE MANY ADVANTAGES of a Guarantee of Real Estate If not, come in let us explain. You'll appreciate the importance of the fact that TITLE INSURANCE guarantees and defends.

THE TITLE GUARANTEE A TRUST CO. Bond Averages (Bit ASSOCIATED PRESS) 20 10 10 10 Ralls. Indus. I'tll. Fritn.

Net change .3 .2 .1 Thursday 76.5 104.8 105.2 3.fi I'revlous day. 76.2 104.8 Jn.VO Week ago 70.8 101.8 105.2 (13.1 New Orleans, December 2 (AP) Average price of middling 1516-Inch cotton today at 10 designated Southern spot markets was 19.47c. Bullock Fund. 13.62 14 93 Can Inv Fund. 3.05 3.60 IT.

ft TREASl KY NOTES. Closing quotations (in 32ds: Cent Shrs Tr. 27.16 29.21 Bid. Ask STAPLE PRICE INDEX Chcm Fund 9.22 9.98 Comwlth Invest 4.41 4.79 (Corpotntr Tiust 2. 20 New York.

December 2 The Associated Bank of NY 14. .305 377 Hankers Tr 1.40. 47 Bklyn Tr 4 87 'i 92 'O Gen Han BkeT 4 102 Chase Nat 1 .10. So', 37't ('hem 1.80 45'i 47 (Commercial 8. .221 231 .0..

IS'l Cont III cm 1 loin 'rn ExBUT.11 13 'i 4V-. Umpire Tr 1 7,11, ''It si Nat Bi 1 19 Ks' fill ln.i, 3S.I l''st Ro 1 llif Ginriiiiy Tr 12. 310 Irving Tr King-; County M.io Lawyers Trust 1. 33 -4 36 30 15 15 60 Indus! Rails. Ctll.

Stki. Net .5 .1 .3 Thursday 67.4 22.0 34.0 41.8 Previous 6B.9 21.fl 34. 0 41.5 Week ago 7.9 22.4 34.0 48.2 Month ago 23.4 33.5 49.5 Vear ago 51.0 17.8 40.0 high 71.0 27.4 36.S 83.3 11I43 low 60.2 18.3 27.1 41.7 1942 high 60.6 13.7 27.5 41.6 1943 mv 46.0 14.4 21.1 32.11 1 WWMWWMWWWWMWWWiiW I in A A 2 11 Do Aorum. 2 14, I ago 77.11 101. 8 105.3 IIJ.5 Year ago 03.

7 103.5 97.5 52.7 THE CINCINNATI, NEW ORLEANS AND TEXAS PACIFIC RAILWAY OMPANV. Cincinnati, Ohln. November 17. 1943. A dividend of $4 per share on the rnm-nmn capital stork of The Cincinnati, Nrw Orleans and Tevas Pacific Hallway m-nnny has been declared payable December 18.

1943, In stockholders of record at the close of business December 7, 51 1.1. C. A. MCCARTHY, Secretary, Press weighted wholesale prices index 35 commodities today declined to 106.30. Previous day 106.38.

week ago 106.31, month ago 106.32. year ago 101.31 jOIH. 7j942rrj941. 1H39-'0T High 107.301 103.221 95.121 7V25 Low I 103.43! 95 541 77.031 63.79 His Dec 10(1 100.1 Is March 100 7 June '44. ...100.7 100.8 Is Sent.

14. .100.19 Sept. 93.31 100.1 Merch '45. .100.10 Pis March '45. 100.15 100.17 Drc 99.22 99.2-1 March '1(1.

.100 100 2 1 Dec. M6. ,100.25 100.27 Has Sept. 100. 18 100.20 913 high "8.1 III.V8 111.1.1 ill.

1 lim 61. 6 1113. 8 flrf.ll 5:1. 01'! high M.i 103.8 10ll.fi 53, 'I Do Ace Mod. 2 Do A A Mo-I 2.50 I Ci-nm Foist 26.62 28.

F2 Do 8e; .1 10.00 Do In" B. 30.00 32 00 Do 1 lis 7 pf.11l.30 Cumul-it Tr fit 4.49 Dela.vars Jfund 18.38 19.85 Seventh and Walnut 1942 low 59.4 1113.0 03. fl 11.5 U026 average equals 100..