The Cincinnati Enquirer from Cincinnati, Ohio • Page 20

H-wAwtEl THE CIFCINSTATI ENQUIRER FRIDAY MORXINd, AOYEMIIUR 19312 i FAIR INCREASE REPORTED cuts, while the dairies state that loss in customers has cut into their CONCILIATOR THIN TRADING REQUEST Presented To Greece New Offer Is Made For Kiclifieltl (Ml I5v Sinclair Concern Cincinnatian Takes Over Carew Tower And Hotel; In Outstanding Volume Of Fed- i eral Reserve Bank Credit. I Washington, November 3 (AP) The daily average volume of Fed- eral Reserve Bank credit outstand profits. Out of the healings data is expected to be obtained whereby the commission will be able to point out to both fanners and dairy owners savings thiy can inaugurate on the farms and in the dairy plants. At one time the milk controversy Wanted By Milk Men. Recorded At Session.

ing during the week ending Novem- umii Herald Tribune HiSc Starrett Stock Acquired am t.s..k. here became so bitter that detec ter 2 was reported today by the Federal Reserve Banks as I ooo.ooo. I This was an increase of $9,000,000 For Extradition Of Samuel lnsull On diaries. I.ollinjr; Saps Fradimi-allv In Both Marts. rrulilrm Is lleijiifsted.

tives were called to a hotel to confiscate a dictograph one group found in a room where it was holding meetings. Cincinnati's largest realty enterprise, the Carew Tower, the Nether- over the preceding week and of $54,000,000 compared with the corresponding period last year. On Novcneoer 1 total Reserve Bank credit Procter Gamble ISeS-Puillt At land Plaza Hotel and the Carew Union Committee Agrees To Wait Until Official's Arrival Impasse Is Reached. amounted to 2, 221.0011.000, an increase Action Is Taken Soon After Officials Ratify Treaty-Magnate Still Free In Athens. il't' UI.

lKsr.I I'O tllK IMJt New York, November 3 Consolidated Oil Corporation tonight went the Standard Oil Company of California one better in their bidding for the Richfield Oil Company of California and Pan American Petroleum Company when It raised its offer for the two companies by $1,900,000. Last Friday Standard of California virtually matched the previous high offer of the Sinclair in- J.MHW.OiiO lor the week. Thin lnrreise Wall Street Briefs 9 Gas Preferred, Laundry Machinery Steady Features. Thin trailing in Cincinnati Ex-ehango listing resulted in a few Tower Oarage became an entirely Cincinnati owned, controlled and managed project yesterday when announcement was made of the deal whereby the Starrett intercuts retire and the John J. Emery In- tut-Autii vaiiim, full fvintrril curresimnds with increases of In money in circulation and JlO.uiw.ooo in unexpended capital funds, deposits, offset in iart by a decrease ci member reserve balances acS.

Increases of $9 ilon.tioo in monetary cold stock and 12. Ooo, ooo in Treasury currency, adjusted. H'iMlnes of dircoiiiitcit MUa Increased 3.tkm llu at the Federal Reserve, Hank of Athens, Greece, November 3 (AP) The American Legation formally applied to the Court of Ap- The Guardian Life Insurance Company of America, will reduce dividends to policyholders 15 per cent effective January 1. says Carl Heye, President. Pirectors ap- Application to the United States Deparement of Labor at Washington was made yesterday by the Cincinnati Milk Exchange for the assignment of a conciliator to Cin- un.l 1 Iklll l.ul a.

mU k.l..ul minor p.ice change, yesterday; to-: UuncheA by Mr. tal sales amounted to approxi-l s.rve Hoiks. The i Litem's hoidints i terests by offering the equivalent peals today for the extradition of iitus nouitiit in omii market and of Lotted i of $22,500,000 in the form of Samuel lnsull, who is anted in $17,500,000 5 per cent debentures of I Chicago to answer an indictment i tho rnt nt thole nini.tini' lout clnnall to assist me miik cxi-nunge States securities v.ei jiractically tin- changed. November 2 totals l'n millions of dltanl with Limits from a week ago. and a year agu, follow: and the union labor committees in Suiplua earnings are ex- 'J Nov 2 Oct 21 Nov.4.'31 pected to be sufficient to allow the present dividend scale for 1932, but Rill discounted 3-" a new Richfield Oil Company and 200,000 shares of Standard Oil stock, worth approximately $25 a share, in addition to offering 4 6" based on the collapse of his utilities interest.

The required documents were presented by the legation to the court. It was expected that Mr. lnsull me noara tnougni nest, lo reauce u. s. e.

iv iecuritie w. cinnatl a hotel and office building of nu tropolitan characteristics, will be continued along the original pl.mg under his personal direction. The Starrett interests are withdrawing with the Idea of devoting their energies to their primary line of endeavor, that of building construction. The deal Involved the purchase by Thomas, Emery' Sons, of the common stock of the. Starrett mately 2tW shares, with almost half in American Rolling Mill.

The price tend in the steel issue fol lowed closely the New York market, nagging a Urge fraction to V'i initial sales were at 9'i. In the East the close was down a hair at 9' after touching the even figure. American I.nundry Machinery, rim-innati (las preferred, Dow the 1933 rate in consideration of $5,000,000 to pay nun-particlpatig; arriving at a settlement of the wage acale dispute Involving approximately 1,050 drivers and plant employees of the Greater Cincinnati district. It Is understood that the application was made through a mutual agreement of the Milk Exchange and the union leaders, and that Other Hei. Bk.

credit IS 1 19 T.dal Res. Bk. credit 3.2JS 5 117 Monetary Ruid stock. 4 2S1 9 15 Treasury cur'cy, adj. 2 14 1 Monty in circulation 5.ili 3i V3 Mern.

bk. res. balance 2. 3S4 28 i- 2ti2 Capital funds. n'in- Biem, denitr, etc.

397 4 Id lib Federal Reserve System. prevailing conditions. Heye cited three factors affecting all mutual companies: Increased taxes, the need for larger cash balances and secondary cash reserves, and a generally decreasing number of investments suitable for life insurance unsecured creditors and bondhold- would appear in court tomorrow, crs, in return for which Standard acmpanied by Cristos Ladasi his Oil would withdraw debentures in i to oppose the application, an equivalent amount. The formal extradition action To this bid the Sinclair Interests was after announcement Drug and Pure Oil 6 preferred held Corporation, which lease all 'the property occupied by the office negotiations between the commit- companies, responded tonight by offering: I Washington that an ex teadv on oild lot transactions. The I building, hotel and garage and the hederal Reserve banks at the close of trti.Hiness.

yesterday were rcjiorted tuntcht by ths KKeral Reserve Huard In Ihou- controlling interest in the common and preferred stocks of Cincinnati Debentures totaling $25,000,000, treaty between the two bearing 6 per cent interest and countrlc became effective with the maturing In 20 years. formal exchange of instruments of Four hnnricri ratification. Hotels, which is the operator Oscar Nelson, President of United Carbon Company, says that bank loans which stood at $550,000 on September 30 have since been reduced $100,000 and that further cuts are likely this ear. of the Nctherland Plaza Hotel. Dliairg Ul The Emery Interests now own hands or dollars as follows: RKSOl'RCKS.

Odd with Federal Reserve aents Quid redemption lund with U. S. Treasury 43,108 Oold held exclusively against Federal Reserve nutes. 3,351,039 Gold settlement fund with Federal Reserve Board 335,34 all the stork of Starrett Ohio Corporation and all the stock of tees will be suspended until the arrival of the Federal official. It is said that he will not reach Cincinnati until after the election.

A prominent milk dealer said yesterday that the Milk Exchange did not feel able to cope with the present situation In an Intelligent manner without competent assistance. The problem confronting the dealers Is one of a probably falling market for milk and cream. Dealers say they cannot make a J0HN J. EMERY. ment and modernistic decoration in America.

Mr. Emery assembled the property fronting on Vine, Fifth and Race Streets and considered several ambitious projects for its development He finally determined on the tower, hotel and garage project and arranged with the Starrett Interests through Walter S. Schmidt, of the Frederick A. Schmidt Company, for them to construct, control and manage the project. the Cincinnati Hotels except a substantial block owned by Colonel JoHeph Relchl, President and National Coal Association estimates bituminous production in the United States for the week ended October 29 at 7,500,000 tons.

In the same period last year output was 8,016.000 tons. Consolidated Oil common stock. Cash up to $10,000,000 for jettle-ment with unsecured creditors who do not participate in the plan and for preference claims and expenses, the total of the debentures ta be reduced by the extent that cash was used in satisfaction of claims. Figuring the Consolidated Oil stock at Its closing price of $6 on Mnniiglng Director of the hotel. 417.343 3i2uiii 7l.i;,9 "Well, I'm still free-for the present at leant and I'm going to have tea as usual this afternoon," Mr.

lnsull said when informed of developments. Ho has been here since October 9, after a hurried departure from Paris the previous week. He left there just after his indictment in Chicago on charges of embezzl-'mcnt, larceny and larceny by bailee was made public. American Minister Leland B. The stock was acquired from the Starrett Investing Corporation.

largest loss was suffered by Procter A Gamble, wnich moved orf a full po'nt the Eastern market cloned at the same price, down a half. Street Railway and Telephone each sagged fractions at 7 and 2. respectively. A few shares of Kroger appeared at It's, down for the day; on the Pig Board the price eased at the same level. American Boiling Mill Report.

The American Rolling Mill Company reports for the three months endod September 30, after depreciation, interest, Federal taxes and preferred dividends, a duflcit of this amount includes payment of in dividends on the company' preferred stock for the period. For the nine months to September 30, the deficit amounted to $1,010,420, Including payments of in preferred dividends. As of Sentemher 30 current as- When the project was developed, the ground site was controlled by uoid and gold cerli Urates held by banks Total cold reserves Reserves other than gold Total reserves Non -reserve rain Bills discounted: Sec. by U. tkivernmcnt obli- ratinni Other bills discounted 'l'utal bills die-Counted Bills tn open 8.

Cinverr-ineiit securltiei: Bonds Treasury note Certificates and bills Total S. ikivernment 107, 21S.422 settlement with their employees un- Mr. Emery and was held at approximately The build I he opening of the new hotel 1 i they know what they can ex 1 ik. l.lv.. the New York Stock Exchange, the 420 S.M new Sinclair bid for Richfield thus ing projects Involved an expenditure of nearly an equal amount, so that Bradstreet'a wholesale food price index declined 3 cents this week to as of November 1 and the ad-Justed composite dropped from 52i per cent of the 192a-o0 average to 52 per cent, against the year's low of 51.6.

Commodity prices other than foods made a somewhat better showing, although most actively -n i im va en rn i I ntui iis n. luiui rviiu ill mc iiinoiy of the city. Colonel Relchl. who the mat ter had a long and successful career in "'y tli hotel business, was obtained as least They say that managing director and was elected conditions are such hat milk prices tho entire enterprise represents an 1.0R7,J5S i. I worm called ut the Ministry of Investment of approximately 1.SM.73 Other securities may go to 9c or 8c In the next few 5.4; It Is tho largest unit of Its kind In the United Slates and Total bills and securities 2,216.0 Due ironi foreign banks 2.S7.1 K.

R. notes of other banks 13.140 Presldent. He sot for his goal a high metropolitan standard of service and cuisine and under his direction the hotel has gained a represents the first assemblage of months and It is impossible to come any agreement on a wage scale to employees without considering $22,500,000. Consolidated also has Afai" connection witn increased the cash for dissenting lhe Washington request that Mr. creditors to $10,000,000 from lnsull bo detained.

He was in-000 and has raised the interest on formed that tho question had been the debentures offered to 6 per cent referred to tho Solicitor-General of from.5- I the Court of Appeals at Athens, Cities Service Interests also rr i who would decicie if there were modern hotel, office building, traded staples eased. Of 87 commodities of all kinds, only 5 advanced, while 27 dropped and 55 remained unchanged. this contingency. The dairy trade natlon-wldo recognition. garage, arcade and department stores under one roof to be constructed In the United States.

Colonel Relchl ix an Auattian hv that waget have always held totaled and current expected to enter a bid to the com- I bufflcknt grounds for the arrest. The deal culminated negotiations Simms Petroleum Company hnB notified the New Yoik Stock Ex mittees representing Richfield and Uubilltles a ratio of assets to liabilities of 10.37 to 1. Charles It. Hook, President, In the event the arrest is ordered birth and gained his early hotel a fixed relation to the con of food training hostelries in Pails and commodities as well as tho liontton, In Southern France and PPly. and also been gov-Ilaly.

He came to the United erned by wage conditions in oth-r extending over the last two months between the Emery interests and stated that "operations during the third ouartrr were about 10 pel States in 1W2 and has been iden- lines of trade. Jn the period when titled with leading hotels in Los I milk was selling below 10c a quart thi Starretts, which conferences were conducted In New York, Cincinnati and Philadelphia, cent less than they were during the Angeles, Santa Uarbara and Kan- to the householders In formtr first half." Mr, Emery issued a statement In I ncoilected Items 311.411 Bank premises 5K.137 All other resources 3rt.fi21 Total resources 3.37S LIABM.ITIKS. T. R. notes In actual circulation 2, ,00,814 Iirposite; Member bankreserve account 1 lovernnienl 31.30.1 IVreign bank 9.Sx Cither deposits VH.3h'.i Total deposits 2.153 Pelerred availability Items :c5.cio5 r'atdtal paid In I.i2,10ft run, ins 2MM3t All other liabilities 42.351) Total liabilities 5.9H3.37S Ratio of total reserves lo deposit and P.

R. rot- liabilities combined 2 1 per cent. Continiient liability nn bills pur-rhaed for foreign correxpondenna, 1 7,000. Cleveland Reserve Bank. Statement of Cunoltlnn of Federal Reserve Bank of Cleveland at close of bul-ncsi November 2.

IH32: RKSOL'RCKS. Gold with Federal Reserve Aent 5174, 470,000 sas City. Before assuming his Cln- years, say before 1915, wages to clnnati management, Colonel Relchl drivers were on a basis of $16 to spent four years In Paris, France. $17 a veek. Kcports Nine Months' Operations.

International Printing Ink Corpo. announcing the denl In which he declared that It had been the desire of bis company ever since the buildings had been erected to obtain a greater Interest In this mam change of a proposed reduction In the authorized capital stock to shares from 1,000,000. Tho American Telephone Telegraph Co. reduced tho initial payment on its capital stock, under the employees' stock purchasing plan from to $30 a share. Employees may pay up the balance at $10 a month.

The initial payment was originally set at $10 a share and later raised to $20, where It held until September, 1929. Then, with the stock selling around $300 a share, the initial payment was boosted tn $50, where it remained rut inn renorts for the nine months rnded Kentember 30 net loss of BRIDGE BONDS SOLD. Then the retail price was between 7f8c a quart. Now drivers' wages have $10 a week as their base and with commissions and other perquisites this sum is raised Pan American bondholders, bankers and unsecured creditors. N.

Y. City Acquires Loan. New York, November 3-(AP) New York City arranged today with the Chasd and the National City Banks for a $21,500,000 loan at per cent. It was In the form of special corporate stock notes, dated November 4 and due June 14, 1933 Chase Harris Forbes Corporation nnd Na'lonal City Company re-offered the issue for sale at price to yield 4 per cent. Money will bo used for unemployment relief, payments to contractors and routine payments of the city on account of rapid transit construction, school nnd hospital construction and similar charges.

$15,012. after charges, expenses and the Court of Appeal will determine whether the Chicagoan is to be extradited under the new treaty. Mr. Insull's attorney, Cristos Ladas, said he knew nothing mors about the matter thun was given in published dispatches. He added the Police Director here had told him no new instructions had been received.

The Greco-American extradition treaty was signed and ratified in the United States some time ago, but for some unexplained reason the exchange of ratification instruments was delayed and this prevented immediate extradition of Mr. lnsull. Greek officials had made no de cision this evening regarding ac.tinr on the American request for Mi Insull's arrest. moth enterprise on land representing so large an Investment by him. adiustment for loss In exchange Construction Of Golden Gate arislna from conversion of state merits of foreign subsidiaries to the Project To Start Soon.

San Francisco, November 3 basis of United States currency Profits for the period, before such (AP)-Sale of worth of Ho announced that no changes were contemplated In the personnel of the hotel management or of the office building and that his plans were to conduct both on the same high level In which they had betn operated since their opening. Arthur It. Walsh, Vice President adjustments, totaled $20,273. Net loss for the nunrtei ended September 30 was to $50 to $53 a week. Milk dealers say that they are mot constantly with demands from farm organizations for a higher price for their whole milk and butter fat and at the same time the farmers demand that the wages of the drivers and milk plant employees tie cut.

Certain of thcte farm bodies are asking for a cut of 40 per cent, whereas tho milk dealers proposed a rf-ale which reduced the basic pay of the Ralancn sheet as of that date until yesterday. The present mar-1 7' 'M'mp Uo" tuml 1 States Treasury 5.705,000 ket price of the stock is around om hem exclusively aainst $100 a Share I Reserve notes ISO, ucttlement lund with Fed- eral Reserve Board 27,813,000 R. G. Pun Co. reported that i fl'Ll'1 sow c-rtiftrate, held 11, o-o by bnk 1 S23.000 luted current assets of $0, iO.t.003.

In Ciolden (Into bridge bonds to the Hank of America, representing a syndicate, to permit an almost immediate start of construction on the $32,000,000 project, was announced here today by the bridge directorate. Salo was made at allowing an Interest yield within 5 per of the Starrett Investing Corpora rludiniT tl.2U.A4l In cash anl tion, New Yoik City, who completed llll-ic i-it' iiiiii cue i. a hi of marketable securities. tho final details for the Starrett In Total roM reserves $227,441 Reserves other than sold Current liabilities totaled t.w.iH. During the period the company Approves Stock Kedemption.

Chicago, November 3 -(AP) Directors of United Aircraft and Transport Corporation In New York today authorized redemption January 1, 1933, of 30.000 shares of October, with liabilities of 74. against 2,302 in October, 1931, with liabilities nf $70,660,136. a reduction of $17,790,436, or 25 per cent. terests, yesterday said that his associate regretted giving up their Interests in the Carew Tower and hotel, because It represented one of Tiurr.hased and retired 3.S57 shares Total reserves N'on receive ea.sh 4.091,000 cent drivers 25 per cent or $10 a week. rf Its nrefcrred stock, expending It whs announced that $3,000,000 Thf Unlon r(ful(ed to tlllH reserve fund provided for the most ambitious projects ever i proponnl.

wotua oe mane avananic at once and the other $3,000,000 would be advanced March 1, 1933. The first undertaken by them outside of the this purpose. Receives Large Shoe Older, purely construction field. He said they had determined on a policy of mils discounted: Secured by Cnlted Slates Cov einment oblicaiions Other bills Total bills discounted Bills boutlit In open I'nfted slates Government securities: Bonds Treasury notes Certificates and hills Total Dnited Stati Govern -ment securities Dome Mines, a gold mining company, had October production valued at $308,513, compared with $285,733 in the same month of 1931. in.

in. ooo the corporation's 6 per cent i Iative Preferred stock Series at redemption price of $55.75 a share, 3 41121100, Including the current quarterly In dividend. 103,355.000 I l7S.2d2.ooo I Gold Dealings At Standstill. Julian A Kokenge which re confining their interests In the rentlv consolidated its shoo menu future largely to the building con The dealers say the situation has reached an impasse with both sides standing pnt and nothing can be done until the arrival of the Federal conciliator. This official Is expected to make a survey of the situation from all angles and to reach a suggestion for a solution of the difficulties.

factuiing activities In Columbus, Washington Officials Act. Washington, November 3 (AP) At the request of Illinois state au thorities the United States Government took definite steps oday designed to return Samuel lnsull from Greece to this country to face Chicago indictments charging larceny and embezzlement. American representatives In Athens were instructed to ask Greek authorities for the provisional arrest of the former Cook County utilities operator pending the arrival in Athens of two Illinois State's Attorneys with formal extradition papers. The action of the State Department came soon after announce ment of formal exchange of ratification of an extradition treaty between Greece and the United structlon contracting field and that funds, It was said, would enable the 1I rectors to award contracts Immediately for the two main piers, aggregating about $3,000,000. CINCINNATI CONTRACT IET.

KNgt lhKH StkEAO Srss IAL blftPSll'S. Washington, November 3 -Tho In line with this they had obtained l.as received an order for 50,000 pairs of shoes from the loekwedge R. F. C. HEARING POSTPONED.

Washington, November 3 (AP) the contract for the erection of the Total bills and securities. $211. 524, ooo i New York, November 3-(AP) pus from foreign banks 290. .100 Tv- Federal Reserve notes of other 1 International gold movement. Corporation of America, it was an low-rental housing project on long Island, which Is tho first proposal bsnus 7i.

1 which, since June, has been stend- Hearings on the motion of the government to dismiss a suit limed to prevent the Reconstruction Fi- t'nr'ollected Items to be financed by the Reconstruc ily in favor of the United States, Rmk Warner Elevator Manufacturing TOLEDO JUDGE TAKES HAND, 1.2(11.000 nance Corporation from bidding on Al1 resources halted temporarily today. Company, Cincinnati, was today There were no imports, no ex tion Finance Corporation in the Hoover program of stimulating business by an ambitious modern housing program. awarded by the Treasury Pepsi Commission Named To Eeport On ports and no change In gold ear in bonds of the Southern Tlai purce, jsoi.oo.vooo California Metropolitan Water DIs-' l.lAPit.tTtPS. trict today were continued until Reserve notes in actual i circulation J272.5o3.oflo next Monday. Counsel for both ner parties agreed In the Distrbt hank-tteserve account.

144.33i,oon Tho buildings comprising the marked for foreign account here. The New York Federal Reserve Bank's weekly computation of gold changes showed imports Into the Costs In Milk Trade. srrviAi, Pisi'ATcii To Tnffi tNiji inrs. Toledo, Ohio, November Stabilization of milk prices In Toledo whereby a fair price to both the flounced yeptorday. "TALKIE" FI3HT AIRED.

Three Companies Seek Injunction On License Agreements. Wilmington, November 3-(AP)-The Stanley Company of America, the Punvac Radio Corporation and the General Talking Tictures Corporation today charged In United States Pistrlct Court that 80 per cent of the mechanical recording and projection equipment (lovern.rvnl 3. 714.0110 Forelan hank 1 nod Columbia Supreme Court to the Carew unit dominate the skyline of Cincinnati and give a metropolitan aspect to the downtown section of ment, the contract for Installing the elevator plant in the new $3,000,000 Cincinnati Parcel Post Building near the Union Station, lis bid of was the lowest submitted. The contract stipulates that tho Installation work must be completed not later than the date set for final construction of the building. other deposits 3.212,000 United States of $1,859,000 and postponement.

Total deposit, Ea'n through release of gold ear- the city. The Carew Tower Is a office building housing In nefrred avaiiabiinty items si sn iKio I marked for foreign account amount- Capital paid In 11217,000 ing to $1,428,000. addition two of the largest depart ment stores In the city, the Mali-ley Carew Co. and the H. A S.

PoRtie company, a medernlv ap which has been in the process of completion for more than a year. The actual ratification is dated November 1. Charles Bellows snd Andrew Vlochos, of Chicago, Assistant State's Attorneys, who had been in Washington several weeks in connection with the extradition proceedings, sailed yesterday from New York on their way to Athens to present the Cook County case before a Greek court, which must pass on the legality of the RESTRAINER IS GRANTED. Officials of the Kroger Grocery A Raking Co. announced yesterday that the company has been granted a temporary restraining order against the City of Muplewood, Mo.

The order was issued against a city ordinance taxing chain stores In the municipality, and would have been effective November 1. Hearing of the Injunction will be held November 28. pointed arcade with shops, running from Vine to Race Streets with an extension to Fifth Street, a 1,100. tised In the talking motion picture surplus All other liabilities 3.539.0"0 Total nihilities Ratio of total reeervos to deposit and Federal Reserve note liabilities combined 57,3 per cent, compared with 57.11 p-'r cent last week. New York Reserve Bank.

New York. November 3 (AP! The statement of the condition of the Fedeml Reserve Hunk of New York at the close of business November 2 shows: Total (told reserves Il.nnn.sdl.noo Total reserves Hills discounted Industry Is controlled by three com U. S. TREASURY STATEMENT. Washington, November 3 tAP) Treasury receipts for November 1 were $13,537,006.25, expenditures $15,310,855.90, balance $752,956,649.65.

Customs duties for one day of November were $604,514.99. electrlc atilomatlc parking garage, producer and consumer is charged Is expected to result this month when commission of five representative citizens makes Its report on costs of production and retailing. The commission appointed by Judge Robert Oosllne, of Common Pleas Court is thought to be the only one of its kind in the United States. Of course. It has no power to set milk prices, but the members are considered so fair-minded that both producers and dniiy owners are expected to abide by the commission's findings.

The commission was named by Judge Gosllne following a suit for $200,000 filed by the Tage Dairy Company against the Northwestern panies. Canadian Loan Reported. Ottawa, November 3 (AP) An announcement today said the Government of Canada had borrowed $35,000,000 this week for a two-year period at 4 per cent Interest. The transactions were officially described as ordinary and without any significance in exchange rates. It was denied that any "reflation'' of currency is planned, and asserted that, on the contrary, the government merely had been offered the loan at a more advan- The defendant companies are the and the 29-Mory hotel building, which has been declared to be nmong the finest in point of equlp- Amerlcnn Telephone snd Telegraph Comnanv.

the Western Electric Company and the Electrical Re search Products, Inc. REPORTS OF EARNINGS s.t.sn.noo 30, 7H3. mm 10,274.0110 The Court was asked to Issue a DAY'S TRADlXfi OX TINT INN ATI EXCHAXliE The table shows the snies. the ranpt of prdes. ths net phane.

ths clostn bid and ak quotations for 35-shars h.ts and the dividend rates of stocks on the Cincinnati Kxchange on Thursday, November 3, Secured by I'nited flutes Government obttcalions other bills discounted Mills bought In open market Total United Stales (lovern-ment securities Total bills and securities I'ncollected items Federal Reserve notes preliminary injunction at this time to enjoin the three defendant corporations from enforcing their siswtum taKeous ra'e tnan carried by bonds WAGE CUT RESCINDED. Columbus, Ohio, November 3-CAP) The Jeffcry Manufacturing Company today announced rescinding of a 10 per cent wage cut, effective since August 1, and added that employees, effective immediately, would be restored to the pay level in effect August 1. This brings wages at the plant back to within 4 per cent of normal. 9-i 4S2 ,100 now nn uic mm net, Cooperative Sales Company, of I cross-licensing agreement. I he suit I Siles.

I Price Ranne. Nel tshnres. Open. I Hijth.l Low. Close.

se. ntv. i stocks. actual circulation 583,912,000 Deposits: was entered some time ago. 'Aluminum Inii Bunk Clearings.

C.nclnnatl Clearings 5,91,000. The Stanley Company charged that it has been forced to use the American-La France and Foamlte Corporation reports for September quarter net loss of 1141.537 after taxes and charres. compared with net toes of 1102. S12 In preceding- (planer and net profit of 114,235. or 24 cents a hnre en 5S.00O shar-is of 7 per cent preferred stock In ouarter hist year.

For lhe nine m'-n'iis to September 30 the ne loss va 4.1A4 507. against net loss of $225, 950 In the peroid last year. Consolidated Clmr Corporitlon fir rine months to September 30 t-hows net profit of 71 21K1 after taxes and rhsrues. Member bank reserve account. 1.174.s.7,000 Total deposits 1,2112,501, W0 Ratio of total resTves tn deposits and Fcrkrnl Reserve note liabilities combine.

i 50.2 rer cent. defendant corporations' reproduc Wauseon, In which It was charged thst dealers handling the Pnge products were being attacked by illegal tactics by the farm group, Marches by "sandwich" men before stores handling the Page products were prohibited by an injunction which was requested to prevent open warfare over reductions IS "I tion spparatus; Duovac alleged Its FOREIGN. motion picture apparatus parts business suffered through an al REFUNDS ARE ORDERED leged "monopoly" of the defendant companies, while General Talking was equal after dividend requirements en t- ht n. per cent prior preferred and 1 per cent i ln -Ruling Rejecting New Oas Flctures complaint involved the preferred to 39 cents a share the i I 1 I I M'i manufacture of motion picture pro S3V London, November 3 (AP The weekly statement of the Rank of England shows the following; changes In pounds: Total reserve decreased 3. circulation Increased bullion Increased other securities decreased public deposits decreased IS.

408. 000: other deposits Increased 26,640. 000; botes reserve decreased 3.041,000; government securities Increased Il.nl5.0o0. The proportion of the bank's reserve to liability Is 37.33 per cent compared with 41. SI last week.

Rate of discount 2 per cent. jection apparatus. I Argument Is expected to las' 31 3 7 62 about two days. I IN! INN ATI, Hl AtlO ST. Mli'M RAII.IVAV COM FAN HI.

Louis Division First Collateral Trust Mortgage Bonds Central Hanover Bank end Trust Company, Trustee, gives notice that In accordance witha certain Indenture made by the above Company dated November 1 190, It will receive scaled proposals ti sell the above described Bonds at a rate not to exretd One Hundred and Five I'er Centum (lose, aid accrued Interest, the total offer not to consume more than the sum of Thtrv-one Thousand One Hundred Ninety-elx Dollnrs nnd thlrtv-two cents (Ml. 106.32). Sealed proposalg win oixned ut He office, No. 70 Broadway, New York, at tweive o'clock noon on November 14. 132.

All tenders must be guaranteed as to performance by a hank, trust company, or a member of a recognized slock exchange The rlcht Is reserved to reject any and all tenders. CKNTRAL HANOVFR RANK AND TRUST COMPANY, Trustee By V. Wolie, Asst. Vice President. ORDER IS SIGNED 1,20 mrr Uly Machv Atne" Inel'icts i lie pit lAmer lt-1linc Mill iAmer Thermos A i 3 50 im fi i Budwm l.OHCarev Mil I on lv i SOOChamjIon Prr.

7 ,00 Champion Flore pf I Cr. Ball Crank pre. 5.00 Cin (las a Flee pt A i I.IH'Cle Slock Yard l.on Cin'll Stre-t Railway 4 50 Cir'tl Te'eplmne 5 iHi.Cn'tl t'nlnn Term pf 00 Cotnmlms It 1. Istpf .30 Do l( pt Crosley Radio Cf-wn Overall pf I f)? Han i ohen Co I iKaele Picher Lead i Formica I 7 00 licneial Vach pt I 1.00 liihson Art lo pf 1 20 HobaC Mf I Jultnn-Kokrnse 'Kahn's partptir A I 1.00 Knitter i Corp pf .40 Meteor Motor 2 1st Procter ilembv. 5.0(1.

Po pf i On Im pf i iki Pure Oil pf 2.00 Ripid Electrotype I Rlchard.ion Parts. November 3 (API Three per Closing Bid. Ak. 1 I "3'ii 12 1 5 I I 9 in i I IS i i i i 40 I i 70 i i 10.1 1 70 i 78 'i, IV I 5 1 S3 S.1 3dV Rtt r.2 i M', S.1 1H', 7HV 3 14' 12 1' I I 3 1 4 -it 7 1 rs i i 1.1V 20 I 2 I 25 I 13 I 114 1 10 i 14 14, 15 17 i I 3 1 2 30 I I I 150 1 I 5V I 1 I I 15 i 13 I 12V I it 1 SV ft; 3 Authorizing Bank To Approve cent rentes R0 francs 70 centimes; 4 si, ier cent rentes 87 francs 5 centimes. Exchange on London S3 francs 72 centimes.

The doller was quoted at 25 francs 41-1 centimes. Sale Of Match Subsidiary. oommon stock. with 11 614,370, or $3.50 a share on the common in the period. In the September murter the nt pmpt was 117s, 013.

comoare.1 nth $432 737 In the quarter last vear. Standard Cap and Seal Corpnm'loi for nine months to September 30 shows r.et Imom of 5153.704 aftr taxes and chtrens. This was equal to J2 20 a share on 2'1 000 hares, compared with li9S.6O0. or 2 42 a share. In ths period ea.

Anchor Cap Corporation reports for nine months to September 30 net profit nt S.172,372 after taxes and charses. This was eo.UA! after preferred dividend re-qulrments to 5 cents a share on 227.75s shares of common stock. This comiares with net profit of I71S.394. or $2.44 a share on 230. 75S shares of common stock tn the period last eyar.

Pudd Wheel Company, for nine months ended Pepemher 30, shows net. loss of lt.009.SM atfer taxes, charge and depreciation. This compares with net profit of e.pial after dividend requirements rn seven per cent preferred stock, to 50 cents a share on no-par shares of common stock In first nine months of pre-vlnus year. Parts. November (AP) The.

weekly statement ol the bank of trance snows New York, November 3 (AP) Federal Referee Oscar V. Ehrhorn today signed an order authorizing the following changes In francs; gold In Rates For Ohio Cities. Columbus, Ohio, November 3 (AP) Customers of the Dayton Power Light Company In eight Ohio municipalities looked forward tonight to the return of thousands of dollars collected 1 the company under bond on an advance rate effective since June 17, 1929. In a ruling today the State Utilities Commission rejected the advanced rate and ordered the com-panv to refund the diCfsrence between old and new rates to customers in Washington C. Sidney, Troy, Tippecanoe City, North Hampton, South Charleston, Wilberforce and Piqua.

The rate the company had been collecting since 1929 was $1 for the first 500 cubic feet, 60 cents for the next 19,500 cubic feet and 55 cents for all over 20,000. Now, It must return to the old rate at Washington C. H. of 70 cents a thousand feet, net, with a minimum charge of 75 cents a month, and, at other towns and clt- isuw, muni imnn 10 me urn rate at Washington C. H.

of 70 rr minimum Charge of 75 cents a month and other town, and elf- creased 233. ooo. (ski; sight balances abroad Increased hills discounted at home Increased mils bought atiroad decreased 74.000,000; advances in the Irving Trust Company as tru 14V- in milk prices. Judge Gosllne saw that both sides were determined to carry the esse to the highest courts and that years would elapse before It was settled. Even then a price would not be set for milk.

Members of the commission include Dr. Henry J. Doernian, President of the University of Toledo: W. W. Farnsworth, owner of a large orchard near Watervllle and former Stste Senator; Adam Kuhl-man, business man and former President of the Toledo Chamber of Commerce; Percy Williams, Secretary of the Y.

M. C. and D. W. Pugh, Councilman.

The mem-beis are serving without pay and are devoting much of their time to the work. A steady stream of dairy experts, farmers and dairy owners appear before the commission to give figures In connection with the cost of producing and selling milk. Farmers present income and expense books showing thnt they have lost money In recent years on their dairy herds, while dairy owners that they sre not making any money under present prices, which ranje from to 10 cents a quart tee in bankruptcy for International creased 2.000,000; circulation Increased 1.. 49 S57. ooo.ooo; current accounn decreased Rate of discount per cent.

Match Corporation to approve the of the Mississippi Match Company, indirectlv owned by the 10 5 I London, NovembT 8 (API Money Discount rates, short bills i 11-14; three, month bills 11-ltttf per cent. bankrupt, to the Mississippi Pulp Corporation. The referee also approved the Fdward O. Budd Manufacturing Com COFTEE. nnnv.

for nine months ended September 30, 1.00 Piavni Card. United States Hhoc. I Do pf Waco Alrcrstt From Maine To California We mail our 5 interest checks Why not investigate this excellent TAX FREE investment? purchase of auditing reports of Kreuger companies, and a transac shows net lose nf H.253.97S alter charRes, 1 New York, November 3 (AP) Coffee depreciation and taxes, eomparlne with net bleher today on buying tor scattered lose nf 1122 617 In first nine months of Hurorenii and other outside Interest! In a Total sales were 194 shares. tion by which dollars will be paid the account of the Continental previous year. market empty of selling ordere except on BONOS.

Investment Compa A. In Maple t.eaf MUtln. Comp.ny. Ltd and the scale up. Trad, house, No.

7 subsidiaries for year nrl(d July 31 shows contracts oened nchned and closed net 1230 5 after denre'clation and 8 points hlither. Bales 1.000. Santos ew York bank against the trans UI.OSIMJ Vi lli I it'NS mi.ml n.ink lonns were In, rented durinj 1 opened unchanged and closed 3 to 4 hither fer of a sum of foreign currency HO As. the v.e to 15 an his rrom 14 570 114 year I concerns! OI 1 for me lirsi noil i sales o.oim. Clostni quotations: No.

7 con- A-s 112 49 before. In precdlns vear company re- cubic feci and 50 cents a thousand tracts, December March (l.03r, May poricd net Income of I4.1.42S alter de- fi.SHc, July 6.70c, Rcattmher s.Tte.; The Liberal Savings in the account of Continental with a foreign bank to sn unnamed client. Am Rolling Mill 3 '4S. h.anlii Je Chwniotr of Com '1 Champ Coated Si '41 Hid oo 41 71 lo.l 4S Is 55 HO mi nreriatlnn interest. Inventory wr le-nf r.

i i liecemner u.i.ir. urir-n a. aw. may s.o'.c In. f.s .5 Ksrlv darnels 7p Httlield 'IS Kahn ins Us 43 A 4 4 47 Whltaavr 7 12 business rxlension expense written off end; Commissioners E.

J. Hopple and July S.51r. Septe-ih-r 37c. coffee delivered to Toledo housewives, Continental Is a nubsiidlarv nf tn. Chsmpinn Fibre 10.1' Many of the farmers complain discount etrene.

equal to FrBnk Qelger gave the decision, 'c: ANU Li 41 A IN UO. tl Mm su Cls.Mli and John ais. US PA 5U Kll lei-national Match. cinVet kl I Ihjl thev nc hem-in" ntl the nrlre i i. hisin'z it nn the Columbus rns case.

Iliiiirhnn la r4 I If) 1 that they arc beuring oil lhe rrlce 1 nock. I Wurlltzer '31 per cent I i.