St. Louis Post-Dispatch from St. Louis, Missouri • Page 25

ST.LOUIS POST-DISPATCH. MONDAY, DECEMBER 2, 1940 ST.LOUIS POST-DISPATCH PAGE 90 STOCK LIST STEEL RATE PUSHED TO TODAY'S NEW YORK STOCK MARKET fOouM prices wfclbkaei Ja3 A NEW HIGH, 96 WHEAT CLOSES MIXED AFTER SHARP UPTURN IS NARROWLY .9 PCT. r. nflftt Spwt Special Editions) NEW YORK TW Gen. Johnson Congress Should Debate U.

S. Stand on War While It Can Do So Freely. boost operatto, schednw. iStrk. Mr MM I n.

trks aad i Lnw Omtm Oa'ge. "nt cf capacity this or CHICAGO. Pre. 7 (API. Wheat price rose more than a cent early today.

Pecem- Saws Hiirll Law (Ira CH'ge. Storks aad Kales ma Lw Um ta g. an. f)Hr. It4lars.

cent in pen iwk l. Sterks M4 Am. IMv. la Dailara. i'r fr 10'V Pay.

Day. Tfmy. Tj. uicv-cgmr wpelr th- a l.u. the rrarmna sut cents a bushel, MIXED AFTER RALLY FAILS American Lab 1.6Aa, for for for loon.

Day. Pmy. Imy. Day Ann. Dtt.

In Dollars. rar tot far lOO. Day. Day. Day.

Day Bignest since last Mv. but the market iron A Btee! Tn. ieereACole 7 Ex .13 ZO 20 20 aumnu WMijr. 00 1.40. 4 28 2S14 2 2 2 awt virtually ail of ita $ams before the close.

The comparatively high level of prices 15 15V4 15 1 41H 41U 411 42 40 41 we im Fnar ine rra tt PALt .60 01 atcel Spams With. 2 Sper Corp le 25 Spic Mf 2e 6 do Pf A 3t40 Spies. In .60 4 viuaui pii Si aw i i Iet Edis 6e 2 112112U112il LI DevAR A 14 2 lliltl similar mriori 9-16 -18 1-I Address 1.20 Air Itedoe la. Air El An. Alas Jun .60 Alleg cor do do or Did J44 34 1 57 37 37 .7 7 6 ut wag at 96 7 7 7 61 66 66 6 67-i 67 42 42 42 ay 5H 'hit attracted protit taxing while a fading rally in the stock market also unsettled the pit.

Moat of th early buying apparently was associated with demand for December eon-tracts in view of abaenca of deliveries and year ago S2.8 per cent By GEN. HUGH S. JOHNSON William Allen Whit, who ta tf pf 44t20 34 34 40 40 40 SqDCo pt 5.t4B 112112112 Cnehangcd In Area-Steel production in th. o. Natl Steel 3.

5 Nat Supfrfy 1 do pc P' 1 da 5 pc Pf 68 .1 Natom Co la 2 Nehi Corp a 2 NeisBr pf 4t50 New Min lite 2 s-a urns JO 1 9-16 10i 101 iovi 19 19, 19, 23Vi 23i 233, 12Vi 12 12i 167 167 167 chairman of the Committee to Aid Britain, thinks Confreu should eoraparatively small commercial supplies. Deferred contracts, particolarlv July. 1941. Al Lu IVie. All Ind 1 Al Cb A fi.

reported stlmf.i as 8 8 1 19 8 1 2 13 2 1 1 1 3 3 3 Match 1 2 do pfd 1 1 Dis Sea 2 Dix A 2f20 Doeh 0ClV4e 1 Dome Mtn 2 1 Doug Aire 5e 5 Dow Chem 3. 4 Dress Mf le 1 deliveries, lagged behind due to a favora 42 42 42 10 10 19 8 8 78 78 78 1 27 27 27 18 17 17 3o 35 35 21 21 21 167, 16 16 79 78 7S 131 131 131 21 21 21 14 14 14 All Mills 1, NEW YORK, Dec. 2 (AP). The stock market rallied and relapsed without much vigor in either direction today and the result was a 124 12i 12i Allien strs da sf S. ouotMVknmelUns No.

2 was mmen JSai Pnt adopt soma sort of a resolution announcing- which side we art on in the present world conflict not a declaration of war. Newp In 4 NewN 8ii 13 Allis UlUa uunniu int IB J7 174 2 2 2 34 34 34 36 36 36 61 59 61 7 7 7 6 6 64 Stand A El 5 do $4 pf 1 do S7 pr it a Std Oil Cat 1. 20 Std Oil Ind la 22 Std Oil NJ la li Star LS 2e 1 Ster Pro 3-80a 4 Stew-War 1 Stokely Bros 1 St A Web 5 Stude Corp 14 Sunsh 1 60. 2 Superior Oil 2 du do pf 5. 1 narrowly mixed close.

bly cro prospect. July wheat eked at a discount of about 8 cents under December Wheat closed lower ro higher compared with Saturday's finish. Pec 89 c. May corn is down. Pee.

62 c. May 61eje; oats tfc tower. A break In the soybeans futnres market, with prices off almost 4 rests at one Amal Leather Amerada 2 Am A D.90e 8 1 1 2 1 Cen 40 NY AStL Df 2 on a 8i 74 74 74 34 34H 34 1 IV 1 50 50 50 15V4 15 15 57, 574 57it 8 8, 45H 45, 45. du pf4 3 12912S129 Dug ipt 5t30 115 1 15 115 1 There isn't much doubt which 8 8 24 24 24 108 108 108 14 13 14 29 29 29 5 5 5 9 9 9 7-16 Bidding for steels helped lift buv 4 41, 4 1 Dock 1 ta stern AirL Am Airlines. Am Bank N.

2 (API St! 7 7 Ingot JnS P'nt8 at tne start but this side we are on in our hearts. Actions speak louder than words. By do pf 1 2 13 334 33 33 i 5 5 5 8 Eastern Roll Eastm Kod 6 wilT V1 thl. year 7 8 8 1 do Df 3 tin oon faded and early advances run 8 8 8 1 NYNHA pf 2 Otn A 12 NT Shipfeld le 23 stage, disturbed tradeia ether pits but trm- 7 7 Am 1 Am BrShl.lOe .1 ning to a point or so were pared 00 JJ 1-16 24 23 23 Vi Eaton Mf 3 El Auto-L 3 Elec 1 37 37 37 14 16 16 Norf A 10a 2 213 cr replaced with declines. DI a rin 111 -I -1 Mil -44 V.

14 14 14 neas ot srcurniea ami steady to 1 cent higher spot corn prices, with asuca colder weather expected, offset tlus. 21 2114 i 1 Superior Steel. 1 Sw A Co 1.20 10 Swift InU 2 3 Sy iw e. 2 OO 114 114 114 El Pow A 1 1 xiaa Dealings were relatively sluggish va 17 17 17 6 ,6 6 874 87 87fc -i as 26 do $6 pf do $7 nf throughout, transfers for the full our actions, as the, President has said, we are sending Britain all the aid we can Just now unless we decide to finance its war. Short of a declaration of war, such a declaration of sympathy seems unnecessary, and.

at first glance, not very important Am Car A Fv Teaa Cor V4e 1 31 31 31 7. 1 do Dfd "These figures ra nrHii. ttEl Stor 2 Am Avle 10 18 17 17 Am Col. 20a 43 16 16 16 do 6 pc pf3 2 57 57 57 do5pcpf27.g 5 56 55 56 Nor Pacific 6 6 6 6 Nor TAR. 1' 27 2 34 Texas Corp 2.

22 proceedings totaled 478,380 shares. tl 62 "2 ZiX ir 2 Vi 38 3 21V4 21 21 oil Jii MERCHANTS EXCHANGE, Dee. 2 In the cash grain section of the market today wheat was higher; corn unchanged to le tower and oats steady. Saiea made on the floor of the exchange were as follows: Wheat No. 3 red winter.

92 995c: No. 2 light garlicky. No 3 red 7 6 average of the 74 7 38 74 38 3 3 36 36 4 4 8 8 4 4 5 5 36 4 EI PNQ 2. Eng Pub Eerv Equit Off Bid Erie R. Erie 1 pf Aircraits usually were under water.

Utilities edged forward now and then and coppers Just about Tex Pr .20 1 Tex Gu Sa 2a 2 Tr 3 Thatch Mfg 1 1 Thermo Co. 3 Thomp JR. 1 Oa Oil 43e. 7 ST-. 6X4, sit usuallv i.

rrr IV. 1 11 7H 7i 1H 4 4 1 1 2V4 24 39 39 4 4U days, hut it the boli-SKrlJu? JSk thU will 1 4 1 24 39 a On the other hand, manv neon I S4 4, 5 Oliv Farm E. 1 17 17 17 Omn Cor 1.20 6 10 10V4 10 It Am AC1.60 Am Color 14 Am En Tiiin Am Europ Ana A 9 Pow A A FP 2 pf Am-H 8 la Am HAL do pf 3 A Pr Z40a Am Ice held their own along with motors Evans Produc in this country fear the direction garlicky. 9091e; No. 1 hard.

93c; No. 2 do 92 c. thJ 7 IZi.fSUL t.rtne lerel oft JU rubber, oils and coppers. Weak- Thomp Prla 2 do pfd 8..10 104 104 104 1 Otis Elev le. 4 1614 1SU iai u.

32 32 32 7 2 1 3 1 3 1 8 2 2 2 5 2 6 4 9 1 4 LATrae la 1 I- "Biw a am. wttn manv nmdnrpa 12 121, 12! I 14 1 Otis Steel 2 10 97 ti 1" inomp-siarr do pfd 1 as 31H 314 31 do pw 6. Corn No. 3 yellow, 6263t: No. 4 do, 61e; No.

2 white. 68c: No. 3 18 18 18 ness, however, was as rare ftrength. in which we are headed as a path leading straight to war. They are for aid to Britain with two im or in 1941-a 98 ai 24 24 24 1A Fed MAS 2e 3 Ti WaO 4 iV do.

67e: No. 5 do. 65Mic: No. 3 mixed Otis Steel 1 pf 3 42 41 42W OutMAM 2e 1 25 25 25 Ow 111 Gl 2 7 48 474 47 1 Fed Wat A 3 do pf 4 14 1 l-onaumeri Have contracted for about 23 per cent of lint nn.rt.. J.

oont 7-16 7-16 7-16 1-16 62i66c; No. 4 do, 6e. am oij Sl 1 ls 1H 3 3 3 16 154 16 Am Internat. HO4 SttVa 98 29 29 29 47 47 47 Business prospects continued good but seemingly insufficiently erro En la 1 FidPFI 1.60a 16 Ti-De A 3e 6 Tim Hb 3 Via 5 OATS No. 1 mixed.

40c; red oats, prevailing at time It deUvVry Then! Pae Am Fish. A Am Loco do pfd 5k. A A .80 Pae Coast ..50 a 3 stimulating marketwise. Steels had Id 13 39 39 39 17 16 16 16 16 16 22 22 22 32 32 32 do 2 of 50 8 8 8- 3 3 3 6 6 6 27 26 7 27 36 36 36 IS 17 17 FiresTAR le 6 Flintkote lg. 4 Florsn A 2 1 Food lV.e 3 i.i.

VL ul urBi quarter base prices. Wi' LA "yinir expected to follow their moment in the limelight when Pac GasAEl 2 10 Traasamer 6 Tra A Air 3 Tri-Cont Corp 1 Tr-Tra 1 Twe C-Fox 4 Am A Met A Met 2e. Production FUTURE GRAIN PRICES 1-1 3 82 82 82 1 12 12 12 27 2 2T8 208 20 20 24 4S7s 48 48 rcuiinea ai 87 per cent rac Lightg 3 1 1 of Pcity last week Am Po a 10 Foster Wheel -3 Pae TAT 7 120 120 this week's mill operations were officially placed at 96.9 per cent of 16 17 120 Two of the nuuzin' i -4 1 1 4 4 4 4 6 6 6. 16 1 16 1 1 1 do pi ms ins mi were H(H. do of 1 Vi 3 1 facTCons 3 Packard Mot 1 4 MERCHANTS' EXCH A VGE.

Pec. 2. Francisco Sugar 1 2 2i 2i do SS Pt 4k 2 do J5 Pf 3k 2 capacity, up .3 of a point at a new and's," 75 ana steel rronn went nn Freeport la 37 37 37 Tw Rap 1 Tw RT pf 120 Tw Coa .70 Pan Am Airw 14 Par Pict 62 Prev. Cloee. 41 41 41 top.

High. Low. Close, anrl th. 20 19 20 9 9 lj A RASS 40e 16 7 7 7 t-i4wV'J H. i cents to S21.13 do 1 pf 6.

4 WHEAT. Forenoon firmness was thought A le 5 GO Df 1 Afl 1 cn ten iei remained at J56.50. 13 13 13 do 2Df.60. Chi Dec 90 Un Car 2.30a 21 Am Ro 24 154 15Vi l5iA to have been inspired partly by the ParkUCM do pf 4Vtl60 Un Oil Cal 1 4 Dec 82T-a 71 71 71 "1 71 71 13 13 13 79 78 78 ,1,4 Uair 1 2 2 do Pf 1 15 15 15 Gen Am Inv 2 5 5 5 -Gen a Tle 8 54 53 54 Gen Be 3 7 7 7 do pfd S.flO 132 132 132 Gen 5 3 3 314 Gen Cable A 1 16 16 16 Gen Cig pf 7t50 117 11674117 Union Pacif 6 11 Minn Dec 85 "ti 4 4 4 3 3 3 15 15 15 9 9 974 98 98 98 10 10 10 2 2 2 3t 31 31 10 10 10 8 8 8 88 88 88 3 3 3 14 14 14 22 21 22 22 224 22 38 38 38 30 2 7 4 4 3 1 farke l.eoe Pathe Fil Pat Min Pen JC 2 'A Winn Dec 73 t.1 UnPacificpf4 1 Un 8 1.80 2 Am SaR 3 Am Seat 1 Am Ship let 20 Am SAR 2e 12 Chi May 88 27 27 27 Minn May 85H 6 6 6 9 9 9 33 33 33 "1 45 444 44 50 50 50 27 27 27 12 12 12 Penn-Pi Cem NEV YORK BOND MARKET 89 82 84 72 7 85 76 81 82 84 78 77 74 89 82 84 7-j 73 87 85 77 81 83-82 7- 84 78 77', e-9 82 85 72' 87 85 76 81 83 84 78 77 a Wins May 77 Pe Sa ct le Js 16 16 43 42 42 1 13 13 13 Vs 1 May 82 Am Sn Co 3a 1 Am St Fdle 5 Am Sto le 2 Am Su of 7 1 Gen Fds 2. 9 Chi July 83 74 Pen RR le 32 Peop Drug la 1 Pe GLAC 2a 3 Per pr pf90 01 01 1 1 1 portant qualifications.

First, that we do not weaken our own defensive preparations; second, that ws do not do such things as will make war inevitable. White's associates may or may not believe in those two qualifications. Certainly they do not stress them. They appear to think their committee represents a great mass of American opinion. Perhaps it does, but this column doesnt believe it.

Time for Debate. In this state of affairs and uncertainty about public opinion and in this fog of misinformation or no information about just what is involved in this question, I doubt if White's idea about a congressional resolution is as unimportant as it seems. There is yet time and there is not yet any such hysteria as would prevent a full and fairly free debate. No such atmosphere will attend an actual declaration of war. No declaration is ever submitted to Congress until irritating or inflaming incidents have whipped ud 76 76 76 Min July 84 Win July 78 Am Te A 9 10 166166 88 88 88 50 49 497.

166 29 28 29 '114 theory the November fall in average prices called for a technical right-about on the basis of the bright industrial picture. Lack of any momentum in rising Intervals served to arouse fresh skepticism. Brokers generally felt that potential share purchasers were intimidated by increasing Government tax doubts, inability to judge just how much more year-end tax selling had yet to be absorbed and the question of the 40 39 40 1V July 77 NEW YORK. Dec 2 API Tk. k.i Pet Milk 1 United Air 19 Un Air 3e 11 United Bis 1 1 United Carb 3 1 United Corp.

55 do Pf 17 United Drug 4 Unite El Coal 18 Unit Fruit 4 4 United I 1 16 Un MAM 5 USA For 3 DUt Bfto 8 Gypsum2a 4 J. 21 1 Am 100a 5 Am Tob 5 i A A. 4 Gen Mills 4a. 1 Gen Mot 3e 72 pfd 5. 1 Gen Out Ad.

1 A A 4k 1 Ink 5 Gen Ae 1 126126126 4 4 4 CORN." Am Tob pf 6 i Petr Cor Phe Dod le Ph 6pc pf3 market clung to a narrow and generally irregular trend today. Going into the final hour fmrtinnoi Chi Dee 63 Am Type Fdrs 1 4 7 1 3 1 4 "1 4 va 4 4 .4 71 71 71 10 10 10 10 10 19 374 3 10 10 10 Dec 58 62 58 61 58 mil CAI Chi May 62 62 58 61 58 9g 58 a Wat Wks do 1 pf 6 1 62 58 7 61 58 58b Philco 6 -4 6 34 34 34 43 43 43 13 13 13 76 76 76 40 39 39 45 45 45 23 23 23 Gen A UtU 15 May 58 Phil Mor 3a. and losses were fairly well divided among the more active issues, with an occasional wider move among specialties. Included the Utter was a run-up of more than 4 points in Lehich Vallev rvi i Am Woolen Julv Fhill Pet 2 16 do pf 3k OATS. Gen Stl pfd 3 Gen Tel 1.40a 3 Gen Th E.S5e 6 Gillette Saf 3 Pho Df4ak 10 4 4 7 7 7 15 15 15 7-16 62 60 60 22 22 22 14 11 10 1114 3 3 3 7 7 7 14 14 14 2 1 2 2 214 2U It Am Zin LAS oa4 21 21 8 7ti ft Ind Ale 2 US Leather A 3 Pillsb Fl 1.60 1 Chi Dec 39 Anaconda amount of British-owned American .1 1L1C line -1 Minn Dec 351k a A Imp et of around 3 in K.

Hoe A Co. first mortgage 4s. Following are the closing prices of a list of most active bonds traded in today: Winn Dec 3314 Pittsburgh CI 3 Pit tab CI pf 2 Pitt Coke AI 1 39 34 33 36 32 39a 34 33 36 32a 6 574 5 31 31 31 17 a 9 9 9 39 a 35 33 36 33 iwunun awaiting liquidation in Gimbel Br Glidden le Gobel Adolf Goeb Br Andes Cop le Ar-D-M 1.40 Arm III 1 6 2 Chi May 36 74 Chi July 33 6 70 69 70 1 7 70 70 70 2 153 153 153 17 5 5 5 18 7 7 7 1 97 97 97 19 9 9 7 5674 56 56 7s 4 7 7 7 57 27 27 27 110 33 33 33 1 13 13 13 2 33 33 33 17 5 5 5 2 52 51 51 2 32 32 32 1 8 8 8 5 5 5 5 t90 95 95 95 1 15 17 16 16 7S 4 57 57 57 1 137s 13 13 8 23 22 22 4 7 7 7 1 6 6 6 414 7s 4 4 -4U 4 23 V4 23- t.o1 pf 8-- 1 91 91 91 USSRAM 4e 6 65 64 64 Steel 3e.ll7 69 6814 68i Pit e. 3 this market. News of the Da v.

15 15 15 6 6 6 rlty. lute. Sf ciirlly. Close. A Bt 8 do pr pf Goodrich e.

12 RYE. Pitt St pf B.flO S. GOVERNMENT BONDS. do pf 7 3 128128128 01 rj ao 'iu Arm Cork 2e Am Co do 5pct pf 2 36 74 36 36 2 Another cut of $3 a ton in the price of lead, the second in a week, Treasury. Chi Chi Chi Dec May Julv 44 48 50 43 43 49 44 a 48a 49 43 48 49b Artloom Corp 11 is 1 ti Ei i 44 1 Tob 1.96e 6 30 30 30 it Unit Stockyds 2 1 1 UStorpf7k 1 60 60 60 60 riym 0 1 30a 3 18 18 18 ii 3 Goodr BF pf5 2 Gdyr TARle 16 Goth Siik Ho 1 do pf f20 Graham Paige 15 Gr Min.SOe 3 Gr Union ot 4 15 14 14 63 63 63 1 17 17 17 1 1 1 1, 30 30 30 15-16 15-16 15-16 5 7'S 5 5 10 10 10 1, 33 33 33 1, SOYBEANS.

caused some to wonder if the lengthy upswing in staples might iso Inv pf 5 A SF le do pf 5e. univ Leaf T4a 1 Uni Pic 1 pfSQ 56 99 106-12 113-1 110-29 110-6 110-9 56 99 56 2 99 3s43-41M rl01-30 2s 52-50 3S 41 102-30 3s 55-51 314s 45-43 10S-13 2ss 60-55 3Hs 46-44 109-1E 2s 5J-56 4is 52-47 122-10 2-iS 65-60 2Ht 51-48 111 such popular emotion that the voice ruwr v.L rv I 4 44 7 .4 Postal Tel pf 4 6 5 5 Pressed Stl 8 12 12 12 Pr A Ga 2a 4 55 54 544 8 Chi Chi 98 a 95 100 97 not have encountered opposition of Dee 101 May 98 July 94 97 93 92 Vadsco Sales 4 5-16 H-T5 R.lc" Chi 93 a 9414 Atl Cst Line Atl Refin 1. Atlas Cor Atlas Tack Van 1 pf7f30 114 114 114 7 3 33 33 consumers. The lead quotation had jumped about $20 a ton since last of caution and reason is branded as the voice of treason. It will be too late then to talk.

Every day Opening prices at Chicago were: Wheat Grant WT1.40 1 GtNIOr ctle 2 GtN Ry pfe 12 Gt Sugar 2 3 CORPORATION BONDS. do pf 118 118 118 NJ 2.40 11 29 28 29 do 6 pc pf6 1 122122122 do $5 pf 5 1 lioiiiinunni. uecemosr Ji90c: Mav S7 14raiSSc: Aviat Corp i w.uoe Va Caro Che August, 2.1 25 2 2 2 July 83i7sc. Corn December 62c: 1 do pf 7. Bald Loco rt 10 17 16V, 16 May 6174 to' 44c: July 614c Oats rw Pullman la 10 26.

26VA 2fiu 14 17 17 27 26 26 20 20 20 13S 137 138 30 30 30 11 10 107a 11 11 11 2 214 2U Wabash pf A 13 A 1kg 5s50 st 61 NY NH A ATtT 53 843 30! cv 6 48 19 17-32 Arm 4s53 105 4V4 46 Yall street expressed consider Bait A Ohio. 2 "3 74 '4 cemDer 39 74c: May 36e; July 3374c, Green 2a 1 Greyhound 1. 19 that passes and every bit of further progress down our present path invite just such inflaming Pure Oil IS 8 7 8 3 5 Walk A do pf 1 4 3 5 5 6 6 Soybeans December SI. 00 14: Mav 97ic- 4 4 able interest in the view of Senator George, ranking Democratic mem do pf .55. 33 Bang A Ar.

3 do 6 pepf 6 1 94 94 94 do 5pc pf 5 3 85i 85U R514 6 July 93c. Rye December 43c: Mai A '1 stay 4s95 Nor Am Co Gulf A 5 do pf 70 29 28 29 4Sc; July 43 e. 49 105T4 3 Ms Purity l.lOe 5 10 9 9 Barber As 4 do pf 10 10 10 1 1 1 11 11 30 30 30 13 13 13 5 5 5 3 3 3, 1 1 1 2)! 911- on. NYCity 3 80 102 NPac 6 2047 62 Radio Corp of ber of the Senate Finance Committee, that the Federal corporation do pfd 1.. 1 Walwth Co.

6 Warner Pic 15 Warren Bros 2 Lt 114 3 As far as I can recall, any such Barker Bros 5 BiO 96tF 34 -r BethS 34s52 107 1'. BRAP 57 st 431 BushTB 5s 60 6S 8 Visible Grain Chanrrs. Wat pf 610 104 104 104 NEW YORK. Dec 2. Visible suddIv of Am 30 do cv Df3V4 6 nanni a 30 9 8 8 30 30 9 9 24 24 Pac A tax rate might be hoisted to 30 per RiutricaD grain snowed the In nwinir 3 pf 5.

104 104 34 104-- 61 111 Radio Or. 1 24 Oil1 1 1 WalklW irum a wees ago tin Dusneis) 1 24 24 24 Pen RR gen Ray Man 1 2 A 7. 90 102 101102 WPE 7pc pf 7t30 110 109 110 do 6pc Df6t30 100 ooimn Hat Corp Am wneat decreased 2.432.000; corn increased 32 32 3,4 32 21 21 21 Rayonier Inc. 1 4Ta 5 61 60 61 2 2 2 20V4 19 20 17 17 17 14 14 14 9 9 9 60 -60 60 2 1 174 1 Barker p2.t50 Barns Oil 3 Beat Crm la. 1 Bend Av 2e 5 Ben InL1.35e.

4 BestACo 1.60a 4 Beth Stl 5e. 55 do 7p pt7. 4 Big-Sanf 3e 1 oats decreased 68.0OO: rve de 6 4 81 104 Phil Pet 3 48 104 PGE 4 60 77 A 6 Hayes Mfc lfi Reading Co 1 1 30 30 30 1 WVaPAP le. 2 18 18 is creased Joa.uoo; barley decreased 153,000. resolution would be without precedent.

There is even some question as to whether it would be within the powers of Congress. Only Congress can declare war, but the formation of foreign policy short of war is a function of the executive and not the legislative branch. But do pfd 6 27-s 7 7s S7 33 Rem Ran 3 Rens A Sar StlO Reo Mot ct 4 6 2 7 7s 97 33 8 West A 2 -i 8 97 33 8 87 86 86 130 129 129 1 24 24 24 9 9 9 Heck Pr .60 35 HelmeGw 5a 1 HollFurn 2a 1 Hollander A. 6 West Maryld 1 103 103 103 1 25 25 25 3 3 3 3 4 21 20 20 1 91 3,. i 11 1.

Rep Steel 23 22 221,4 CNR 4s51 94 CanPac 5s54 71 Ceian 3s 55 99 CenPac 5s 60 40 Ctrt-td 548 89 CAOrf396E 104 59 51 13 ChGW 4s 59 28 CMStPAP 5s 75 4 cv44s 49 114 rf4s34 54 CCCASL477 55 ColG 5sl961 104 14 8 West Un le Air Br le Blaw-K 4 Boe 17 ST. LOUIS STOCKS Holly Sugar 2 18 18 18 do cv pf6. 60 100100100 do pf A 6. 5 94 94 94- 10 1014 104. nome 4 6 Houd A 2 2 TtBohnAABle 2 31 31 31 Bon Am A4at20 107107107 RemR 4 56 ww 103 Re Stl 4 56 105 StLSF 4 50A 8 StLSW 5 52 16 Shi 2 54 99 So Pa 4 69 36 So gen 4 56 55 SWB1T 3 68 109 StO NJ 3 61 106 CAB 5 ppf 1 precedents do not mean as much as once they did, and on this kind of 0.0 ie 1 El Inst 2e 1 321A ion do 2a.tl0 52 52 52 cent irom the existing 24 per cent before armament plans were fulfilled and that bigger imposts on individual incomes were in the offing.

Whatever little inflation psychology remained in commission houses as chilled by the monthly letter of the National City Bank which argued there was no real basis for any runaway price movement in this country. The bank pointed to an abundance of raw materials, idle labor and capital, and technical resources that could be called on to Increase production. ST. LOUIS STOCK EXCHANGE, Bond Strsl.60a West Chi 1.40 5 35 35' 35 49 49 49 37 37 37 13 13 109 109 109 4 4 4 ''x s8 4 4 4 9-16 9-16 2 5 question, Congress itself is the Fin pf 5. 1 Houston Oil.

7 Hud Man. 4 Dec. 2. Prices were mixed in a Bord Co 1.40e Borg-War do pf 1.. 1 33 33 33 do pf new 414 20 lfIS IflK ine 10 narrow and small market today.

Hudson Mot 6 Bos A Me. 12 1.31k Reyn Met 1 Rey Sprng. 4 Rey Te tlO Rey 2e 33 Rich Oil 4 Ritter Dental 1 Ro A 63e 2 Rust IAS. 60 1 2iA 80 69 69 69 13 13 13 10 10 10 53 53 53 32 32 32 9 9 9 5 5 5 5 5 5 13 13 13 48 48 48 Hupp Motor. 14 court of final appeal on its constitutional power.

Congress Near People. Wheel ALE Bower 3 1 Mocks and CMackl 41 Tex Co 3 65 106 CoEcv358 114 Th Av ai 5s Illinois Ceo 8 Ann. I)lv. Pf 5 f20 10210214102 "'4 7 7 37 37 37 1 Net Sales. High.

Low. Close. Ch'ge. Brew A.55e. Bridge Br Briges le Ocv3iA 51 105 74.

Whecline Stl. 9 24 24 24 20 19 7s 20 21 20 20 1 1 1 36 36 36 4 4 4 12 12 12 24 23 24 43 43 43" 6 6 6 13 13 13 24 24 24 11 10 10 In Dollars. 30 29 74 29 do LL 4. tlO do Pf 1 .0. UP 1 White Motor.

7 14 14 14 Congress is closer to the senti Burk Mfg 4a 50 4 47 114 5 53 Rfi a-. Ind PAL 1.60 2 DAHrf4 43 DRG 4 36 26 26 26 1 1 1 Bris-My 2.40a. us 2U4 6 White Sp 5 White Sew M. 4 Ind Rayon 2 7 USS 1.85 47 101 44 44 Collins-Morr 100 Co-C 1.65a 5 Emer 10a 35 Sto 3a 1 44 do 5 ppf 530 110 25 25 25 BK-Man Tr Bk Un Gas Ing RandTe 2 Erie rf 5s 67 17, Willys Overl. 1 109110 23 23 106 105 106 89 88 89 lVa Wab 5 76B 4 3 3 Bruns-B 3e ment of this country than any sampling poll or any other branch of Government can be.

If our present course of conduct and the purposes Inld Stl 4a. 8 InCorp 1.60e 1 Wal 4s 55 78 3 7 Sc FTR 3 48 104 Fla EC 5s 74 7 Huss-Lig 10 Hydrau 165 Bucy-Er le St 2e 7 St L-San Fr 1 Sav Ar 4e 11 Schen Dist 9 war 6 41 57 JO i.3 15 7 7 7 4 4 4 2 2 2 4 4 4 4 7s 4 4 7s 64 637s 64 32 32 74 32 32 32 32 22 22 22 87 87 87 56 56 56 1 interlake Ir 13 7 8c 60c 7 7 8c 60c 7 7-s do 7pc pf.t30 113 113 113 St 549 87 Un 5 60 76 Hydraulic pfd 50 23 10 10 10 2 2 2 33 33 Vi 3314 60c 7 Budd Mfg 2 5c 5 74 5 5 Int Agricul. 3 Int Ag pr pf. 1 Ste A 100 do pf 1 Wils A Co. 12 do $6 pf6k.

2 Woodw Iron le 4 Woolw FW2.40 32 Wor PAM 7 do pf A .10 do pflk 1 Gt Nor 5s 73 102U, iMtbBA 106 Schen pf5 2 of White's associates are, in fact, leading unnecessarily toward war, FOREIGN. int Mach 6a a Paid or declared in current fiscal GM04 75 2 159157159 Schulte Strs 13 60. year. do pf 1 oa 4 54 74 14 Huds 5 62 A 29 Int Har 1.60a 12 Int H-Elec A 2 Int Mer Mar. 55 CLOSING QUOTATIONS.

Seab Air Line 6 Argent 4s71 66 Australia 5s55 53 BerlCE 6 51 26 -i 2 10 10 10V, Closing quotations on securities whose do pf 2 Budd Mfg pf. 1 Budd Wh Bullard Co 2e 4 Watch 2a. 1 Burl Mills la. 1 BAMach e. 7 Bush Termini 4 BTBldg pf ct.t60 Butl Bros 2 Byron Jack 1 2 66 66 66 7 6 6 33 32 32 34 34 34 1674 16 7 7 7 2 2 2 12 12 12 5 5 5 12 12 12 A Yell 15 16 16 16 do 7pc pf 7t30 1173ill7il175.i bids or offers changed: 24 23 23 Seab Oil 1 1 rsrazn tVtf 20TTON MARKET CLOSES I TO 3 POINTS HIGHER NEW YORK, Dec.

2 AP). Uneasl-Mss engendered by Washington report that the administration was planning a drastic change in Its farm program re-itricted tradinp in cotton futures todav. Prices backed and filled listlessly with routine trade buying and spot house sup-yon absorbing hedge and Southern Late quotations were 1 to 2 points hlgh- jr: lr. 10.05c: May 9.99c and Oct. 9.27c.

17 16 16 SECl RITY. Bid. Asked 27-57 13 Sears Roe 3a. 13 Serv Inc la. 4 tivi oa vi I 4 66 36 1CACSLANO 5s 63 A 40 Int I cv 4 47 97 Int MM 6 41 74 I 5 55 2 5 5 53 57 4 2003 17 Yng 1 11 1174 nvi Yngst 23 41 Vi 40 40 Yngst Dle 5 18 17 17 merican Invest Canada 5s 52 99 Int Nick 2 43 Int Pap A 60 do pf 3e.

48 Int Ry Am. 2 Int Shoe la 2 Int TAT 22 Int St 1 Sharp A Doh. 1 21 2 2 Brown Shoe 2 2H4 29 29 oinspi uct 27 Denmark 6s4 2 32 Shatt FO .40 4 Shell e. 16 13 30 12 12 Zenith Rad le 37 37 37 41 40 41 1 10 10 10 85 85 85 1 74 3 3 3 14 1-16 14 74 14 14 7 75 75 75 10 10 10 3 74 3 3 7 a 5 5 5 10 10 10 74 5 74 5 5 20 20 20 20 20 20 14 18 18 18 9 9 974 15 15 15 8 8 8 1 1 1 19 19 19 13 13 13 26 26 26 8 8 8 14 13 12 32 21 2174 211 ii 1 4 1 16 16 16 2 2 2 al Fkg 1 1 19 19 19 14 Zonite Prod v4 7 7 GerGo 5 65 13 Calla Z-Lead. 1 Silv KC.30e..

1 Simms Co 2e. 5 1 1 14 ine debate on such a resolution would reveal both that fact and the popular judgment on it. For all thees reasons, while this column doesn't agree with what thinks White's committee stands for, it does agree with his recent suggestion that Congress be consulted in the way he describes, and that it be done before the philosophy of his committee has carried us so close to war that there can be no turning back with honor. White's committee has been de 7 6 6 Italy 7s 1951 46 SkenyOille 1 Sales Dec. 2 were 478,380 shares.

TActual sales. aAlso extra or extras. Century Elect. 10a Columbia Brew. 1.20 Dr.

Pepper 1.20 Emerson Elec. Griesedieck-Western Hussmann-Lig Internat Shoe 1.75a National Candy Jarv WBlVse Johns 2e A St pf4k 1 12 12V4 12 6 61 61 61 4 101101 101 Cal A Hcc le 3 Camp 1.1 5e 7 Can Ale. 2 7 25 8 14 141,4 13 74 13 13 Japan 6s 54 68 eDeclared raid so far this vear. fPav. McKAR5 50 103 cn 4 38 9 MKT 1 4 90 22 5 81 I 16 MilanC652 30 12 30 3 12 11 6 22 29" 6 4 11 1.05 7 27 68 73 vwiim 4e 14 14 14 able in stock.

gPaid last year. hCash or stock. kAccumulated dividend paid or 29 6 Smith AO Cor 1 SmACor Ty 1 Snid Pack 1 1 Soc Vac 53 SAmGAP 1 SPR Sug la 1 3 3 34 39 39 39 89 89 89 Panama 5s63A iwvw iijh TIC lUt 1U4 104 1 Canad Pacific. 1 Can Mills le 1 Caro 5.t50 Carp Stl 2e 1 aeciarea mis year. aAccumulated dividends 5 st asd 61 vcnn -p 2re 40 3DV4 34 34 paid last year.

30 3() 30 3 3 3 Rome 6s 52 31 cia la. 2 38 38 38 10 24 24 24 Mor A Essex 3 2000 CarAGen 6 Rates in dividends In the foregoine table Open. Hiph. Low. Close.

Ch'jre. 10.05 10.06 10.04 10.06 2 Jan. 9 98n 2 March 9.98 10.01 9.97 loidO 3 998 10.01 9.97 10.00 3 'uy 9.75 9.79 9.75 9.77-78 1 yt- 9.2 9.3Q 9.25 9.26 1 Middiing spot 10.26n, up 2. nNominaL SeastGreyLl 1 4H CaseJICo 3e 3 62 60 60 Rice-Stix Dry Goods Sculltn Steel Scullln Steel warrants Sterling Alum Pr Wagner Elec Corp 2e St. Louis Sv 5s Scullin Steel 3s are annual disbursements based on the last l- SaoPSt 8s50 16 mc oa i.im j.i i3vg 2as 25 NDalr351 105 seal Edla 4 South Pacific 19 do pf 7 ..680 122V122 1221i 8 28 69 274 ivrog uroc 2 2 28 28 28 TokyoC561 51 quarterly or seu-annual declaration.

Un less otherwise noted, special or extra divi Cater Tract 2 11 49 48 49 Southern Ry 6 TokyoELt6s53 47 tt4 6 6 4 Cela Crp la 5 2S 28 28 oenns are nor included. do pf 3 Stl 3 65 107 NYC rfg 5 2013 63 NYCASL478 57 scribed in a great deal of editorial writing as a pilot for administration trial balloons. I don't know do pr pf 7t250 119 119 U119 Uruguay adl 34s4 79 40 12 124 1274 23 23 23 Anheuser-Busch Dividend of $1 Celotex Corp .4 7 7 7 do pf 5 T40 69 68 68 11-16 11-16 3-16 14 Laclede Gas. f40 Lamb le 3 Leh 1 2 Leh Val CI. 61 do pf 10 Lehm 6 LOF Gl 3e 7 McNAL 2 Ligg AMB4a.

1 3 3 3 whether it is, but it is a frank and Anheuser-Busch, directors FOREIGN EXCHANGE NEW YORK. Pec. 2. Late foreipn ex Stock Price Averages Cent Foundry. 1 2 2 2 CenlllL pf 4tl0 113113113 Cent 1 2 2 2 forthright propagandist for a course declared a dividend of $1 a share COMMODITIES 21 21 21 44 43 44 6 6 6 94 94 94 considerably more extreme than any Cer de Pas 4.

3 on the common stock payable Dec, 12 to stockholders of record Dec. Cer-teed Prod. 2 Lima Loco 5 NEW YORK CURB MARKET 26 25 25 (Compiled by Dow-Jones.) iimnse rates follow: Great Britain ollars. others in cents). Canada: Official Canadian Control Board rates for United States dollars, buvlng the administration has yet taken.

That is its perfect right and no do 6pcnf tl720 33 32 32 5 5 5 38 37 38 17 17 17 2 42 42 42 4. The disbursement will bring to Checker Cab. 1 Stocks. Link Belt la 3 Lion Oil Ref 1 High. Low Close.

ChanK. Commodities prices Mondav with Drevioua 38 39 11 11 11 17 17 17 Ch A Oh 2e 34 subject for reproach, but the best J4 the total paid so far this year, Industrials 131.96 130.54 130.93 .07 cinse: prr cent premium, selling 11 per cent fffmium. equivalent to discounts on Ca 30 20 Ches Corp. 1 2 2 2 Railroads 28.20 27.95 28.03 ,06 way to test any trial balloon Liquid Carb 1 1 Lockheed Aire 16 Inc 2. 35 30 30 30 Prev.

Close. Monday. 1-16 15 nadian dollars in New York of buying Utilities 20.24 19.94 20.11 .14 Stocks 44.00 43.53 43.68 .03 Chi Gt pf. 1 Chi Or 1 Chi I A 1 COPPER 12 12 65 per cent, selling per cent. Ca JU 31 20 20 20 whether of the administration or of that committee is in some forum 8 1-16 Loft Inc 12 NEW YORK.

Dec. 2 (AP). Following is a list of closing prices of the more active stocks traded in today on the Curb 8 1-16 oian doilar in New York open market LEAD, E. St. L.

5.35 5.50 8 1-16 1 4014 40 do 7 pc nf. 1 1-16 Cem 3a. 8 Long-B Lbr A 3 l-lfi per cent discount, or 86.934 UNITS' QUOTATIONS (Compiled by Associated ZINC, E. St. L.

7.25 7.25 TIN 50.30 50.25 3 3 3 1 Mates cents. Europe: Great Brit Exchange: Childs Cc 3 Cfrle Cop 2. Loose Wit Stocks. High. Low Close.

Change 27 26 27 li where it can be thoroughly debated. And Congress is the best forum there is for that. ANTIMONY, Chinese 16.40 16.50 a. official, (bankers' foreign exchange fomrnittee rates) buying S4.02. selling 5 PC pf 109 10914 109 li 1 Close.

Close. Security. (Security. Chrysler 5e 40 30 Industrials 63.1 SILVER 34 34 NEW YORK. Dec.

2. The following LorillardP1.20 1 19 19 19 City 1F 1.20 1 15 Railroads o. open market, cables. J4.04: Ger 16.2 .1 SILK 2.56 2.57 15 Irv AC la 63.6 16.4 34.7 44.4 units quotations are furnished by National at rxasn be. a tui 60 60V li do pf 6.

140 "any 40.07n (benevolent) 18.50: Finland TURPENTINE 31 31 15 Utilities 60 Total 34.5 44.0 Association or eeciurity Dealers, inc. which 62.9 16.1 34.4 43.9 15 R. R. Jones A LStl 33 Mack Trk Vie 2 377 27 2774 i Greece Hungary 19.77n: Italy TWO EX-CABINET MEMBERS 78 76 77 974 9 9 94 92 94 2 274 2 274 Vi 38 37 38 1 83 83 83 30 29 29 33 33 3374 states they ou not necessarily reflect actual ROSIN (B) 1.70 1.80 SUGAR, refined 4.35 4.35 MacyRHCo2 1 15 60 City Scores. 1 Clark K.q 3e 6 ClevAPitt 3f20 Cli 1.20 6 transactions or firm bids, but should Indi 30 Indus.

MadSqGl.lOe. 2 "6 Portugal 4.01; Rumania Swe-S 23-85: Switzerland 23.21; Yugoslavia io -5' tin America: Argentine official eova 204 26 10 10 10 32 31 32 cotton 10.26n 10.24 UtiL Stks. ttAcmeW1.65e 18 Aero 6 Al Co Am 6e 156 Am Cy 35 ttAm Exp Lines le 18 AmGAE1.60a 29 Am Laun Meh 19 Lake ShM 2 13 Leh CAN.30e 3 St Gas.70e LAE 4 'CONFINED' IN PARAGUAY cate approximate bid prices, and unless Mag Con 2 Vie 2 HIDES 13 13 otherwise indicated, are as quoted by the Monday 63.1 16.2 34.5 44.0 Manati Sugar. 6 2 2 2 Cluctt 2e 1 FLAXSEED 1.55 Iff 59 1.57 6 6 WOOL TOPS. Dee.

117.4b 117 nee o.nt;, rrazii uiiiciai au3, 5.05; Mexico 20.75n. Far East: iJuuBun or issuers: Saturday 63.1 16.3 34.5 44.0 Dispatch to Buenos Aires News Man snirt la. 1 Mara Oil Expl 1 14 14 14 ia40 high 74.2 20..5 40.6 SI? 3 104104104 4 11 11 11 Coca Ccla 5e Colg EARLY QUOTATIONS. pan 23.4S; Hongkong 23.55; Shanghai COT'SEED OIL, Dec. 5.23 5.82b Micro Mid Mo Svc.20e 1940 low 52.3 13.0 30.9 37.0 Mar Midi 10 RUBBER 20.87n 20.87n CoiAAik pf 5.T70 112 112 112 4 4 4 13 12 13 Am LAT 1.20 13 LARD, loose 4.85 4.80 7 5 3 20 3 paper Says State of Virtual Anarchy Exists.

BUENOS AIRES, Dec. 2 (AP). 2 2 Col A 0 1 pf 1 2 Rates spot cables unless otherwise ln-cated. Nominal. NEW YORK.

Dec. 2. The Associated Aro Eq .30 BELLIES 9.00 9.25 SR pr pf 3020 Marsh Fid .40 3 LCo le 4 94 Molvbden 1 MLHAP hl do 2 pf T30 Affil Inc 2.65 KeystCus Bl 27.50 Am Bus Shrs 2.91 KeystCus B2 20.81 Bullock Fd 12.52 KeystCus B3 13.33 Can I Fd 2.65 KeystCus B4 6.39 Cent Shrs Tr 25.23 KeystCus Kl 14.90 Corp Trust 2.20 KeystCus K2 10.56 Press weighted wholuesale price index of COFFEE, Santos 7 7r 15 15 15 32 32 32 12 12 12 3 MtC Cop 30 commo'ties: COCOA. Dec. 4.84n 4.81n Ash OAR .40 3 Atl Cst Line Co le 16 Avia A Tran 3 5 do 2e.

1 Martin Parry. 17 May Sto 3. 3 Mayt 15e. 6 50 49 49 Monday 77.15 Saturday- 76.97 ColumGAE.305 39 LOCAL. The newspaper La Nacion, in a special dispatch from Formosa, near the Paraguayan frontier, said 2 2 2 Colum Pic 2 uorp i A A 2.10 KeystCus 82 12.12 CorpTr Accum 2.10 KeystCus S3 8.93 WHEAT.

No. 2 red 92 65 913 BabAW 1.40e McCall 1.40 3 McCro Sto la 1 U926 equals 100.) r. S. TREASl'RY STATEMENT. 27 34 Bald Loco corTrAA mod 2.53 KeyCust S4 3.64 CORN.

No. 3 yeL 62 3 64 BRAN 23 to 23. 25 23 23 25 today that two former Paraguayan Col Carb 4.60e 2 Com Credit 3 1 Com I Tr 4. 4 Com Solv 1 1 NatCity la 15 Nat Fuel 1 1174 Nat Rub Men 4 Nat Sug Ref 7 Neptune Met A 9 74 Zinc 3e 68 NYSh fdsh le 22 Nia 3 Niles P2e 62 LONDON STOCK MARKET LOXDON. Dec.

2 (API. Gilt-edged "purities moved up briskly in the market today but elsewhere small plus and minus nis were fairly well balanced. Government bonds advanced as much of a point as operators reinvested Proceeds of Dec. 1 war loan disbursements. Fniwjpn inana bIm nriH unwitrd.

do pf 6 2 CorTr AceM 2.53 Mary Fd 3.40 Cumu Tr Sh 4.26 Mass Inv Tr 18.20 BUTTER. 92 score 33 33 WASHINGTON. Dec. 2. The position of 12 12V4 12 15 15 15 110110110 24 24 24 33 33 33 1 7 7 7 4 37 3 MeGraw Ela 2 Cabinet Ministers have been "confined" and forbidden to leave the EGGS, cur.

rec. 25 25 1 1T4 1 1 21 20 20 20 20 20 1 4 4 4 5 5 5 75 75 75 31 31 31 40 39 39 .10 10 10 13-16 55 54 55 1 28 28 28 18 18 18 24 24 24 91 91 91 1 7 7 7 22 22 22 105105105 tne Treasury Nov. 29: Receipts Divers! Tr 3.35 MassIn2dFdIn 8 71 Comwlth A So 85 Mclnty 2a 1 SPRING CHICKENS 13fe4 13te4 17 5 20 28.75: expenditures $23. 555.526.76: net Divers Tr 5.00 Mutual Inv 9.34 do pf 3 8 McKeespt Tin 3 POTATOES, Ida. No.

1. country. balance $1,831,961,791.45: working bal CwlthEd 1.80. 27 McKess A Rob 15 b. 1.40 0 60 1.50 65 pf 2.10 Bath Iron Wks Beech Aire Bell Aire Bickfd 1.20 Fiumenthal Freeze le Brewst Aero Buck PL 4B BunkHAS 1 It said they were Justo Pastor 26 26 26 21 do pf 1 ance included customs receipts for month $26,976,700.01: receipts tk.

Oh Br 2 rrLEa, lonatnans 1.25 04: l.25a50 McLell 4 it IV 7 44 HOGS, top 6.15 6.00 tor fiscal year (July 1 $2,170,272, 1 notably Far Eastern and Argentine issues. 2 Canadian and Mexican Eagle countered lover 1 1- nn MTr. nt 9 9 9 Congo Nairnla 1 Cons Aircr 5 CCigprpf 6tl0 Con Copp 4 Con Edison 2. 67 Mead Cp e. 1 Ok 1.40 21 jju Omar In 4 i Overseas Sec 85 Divid Shrs 1.10 Nat Wide Sec 3.41 Fund Inv Inc 15.52 Eng Fd 11.31 Gen Inv Tr 4.57 NATrSh 1953 1.99 Groupsec Agrl 4.83 NATrSh 1955 2.49 GroupSee Auto 4.23 NATrSh 1956 2.44 GroupSee Avia 8.11 NATrSh 1958 2.04 GroupSee Bid 5.15 Quar Ine Sh 5.55 GroupSee Ch 5.79 Rep Tr Shrs 8.96 HOGS, bulk 6.05 15 6.00 140.82; expentitures $3,979,104,365.85 Melville Sh 2 4 29 1 29 29 STEERS, top 12.50 11.50n Benitez, Minister of Finance under the late President Jos Felix Esti-garribia, and Martin Iglesias, former Foreign Minister and Min excess of expenditures Mengei Co 5 STEERS, bulk 11.75&12.50.S.25&9.5On 4 4 4 24 23 24 12 Pan Oil Ven Tt PI 4a do pf 5 2 Meng5pcpIk40 change in the status of British I'nlted States ownership of certain properties.

gross debt $44,266,992,004.08: increase over previous day gold assets LAMBS, top 9.25 9.50 Con Film Ind 4 LAMBS, bulk 8.7569 9 6 9.25 $21,799,432,842.23. ister of Government. Mesta Mach 2e2 Miami 2 Mid-Con P.SOe 6 do pf 1 37V 37 37 9 9 9 14 137 14 HORSES, good draft 100 (S 25 10025 9-16 9-16 1-16 8 8 2 274 5 5 Cons Laund 13 GroupSee Fds 3.74 Rep Inv Fd 3.49 GrSee InvShrs 2.77 SelAmSb Ine 8.25 GrSee Merch 4.90 'State Stln 63. OO Gr See Min 5.33 SupA TrAA 2.23 MULES, farm 100 6 30 100 630 La Nacion quoted Jose Antonio 8 2 7, 6 1 SECOND LEAD PRICE CUT Midi le 5 39 39 39 LINSEED OIL, 9.5 9.5 DAY'S MOST ACTIVE STOCKS Perez Echeguren, former director 1 1 do 1 pf 8t50 122 121122 Con Oil 6 Con Cu pf 5 Cons Coal 1 3 36 13 4 64 13 96 8 3 6 4 62 FLOUR 4. 85 (S 5.25 4.

85 5. 25 Gr Sec Petr 3.90 Trust AmBB .49 GrSee RREq 3.60 USEL4P A 14.25 Minn-H pf B4 30 10S108108 WOOL 368 36 8 CalambaS 160 11 pa ce Airl Can Col Airw 5 PhTR .45 Cstalin A Ue 3 P4LE 5vie CenHGAE .80 13 Met 2e Cities Service 5 Pitts PI Gl 5e Clev El HI 2a 40 PIou Inc 60e Cleve Tract 4 PowAA ConGAEB360 70 ttPyr -90e Creole 14, Rep Avia Crocker-W 4 Roy Ty 5, A8 St Reg Pap 4 4 19 19 7 7'4 do pfd. 2 bBid. aAsked. nNominal.

Mo. -111. KEW YORK. Dec. 2 (API.

The price cf 1 a reduced bv American Smelting Refining Co. 15 points, or $3 a ton. 19 8 Minn-Molme 2 3 3 3 do pf 3 60 59 59 1 NEW YORK, J5ec. 2 (AP). Sales, clos Gr See Steel 5.35 U8ELP 1.83 Gr See Tob 4.39 Well Fund 13.46 Cont Bak A 2 wool.

ing price and net change of the 15 most do 14 of the Paraguayan press and propaganda division, as saying that a state of "virtual anarchy" exists in Paraguay and that there is apprehension of "grave develop toe. Inc Invest 13.89 5.50 cents a pound. New York active stocks today: s4 37 37 37 111 111 111 Cont Can 2e 14 Mission He 2 11 11 4 11 Mo-Kan-Texas 5 do pf 1 2 2 2 Monsanto 3e 7 81 80 80 1 'Quotations not furnished bv sponsor or Stocks. do pfd 4 2 Sales. Close.

Change. TEXTILE MARKET issuers; au otners are obtained Dy national 1-32 1-32 1-32 3-32 unin a m-eek attHhute1 in metal cir- Association oz securities Dealers, inc. 7 7 7 Con Dia 1 5 Salt Do Oil 7 Eher Wm 3 do pfA440 lis 116 116 do pfB4t20 119119119 Pecca Rec .60 nivc TwT rt. slowing tip of demand from the NEW YORK. Dec 2 (AP).

Govern ments." Perez was en route to Buenos Aires after a period of irve Minn 1 miminrr ment inquiry for sheetings, industrial 38 38 38 2 40 25 Sim HAP DIVIDEND MEETINGS 2 3 76 2 1 39 5 19 goods and orders for several million yards refuge in the Argentine Legation of surgical gauze comprised the bulk of trading today. Woolen piece goods trad Puke Pow 4e 74 tSo Coast F.Ai.1 PL 10 El Bond A Sh 4 Vi at Asuncion. Con Ins 1.60a 10 Cont Mot 13 Con Oil Dl 1. 10 Cop Stl .80 1 Corn Exch 3 Corn Prod 3. 9 do pfd 7..

1 Coty Inc 2 Mont 2e 17 MAE 37. 120 Mot Wh 1.60 2 Mueller le 1 Mul Mfg 1 do pf 3.43kf40 Murray 2 "wn consumers stocked heavily In antici-Jtion of armament needs. fcince the first of last August the price lead advanced a total of more than a i Pound before the first cut was posted Iiov. 2S. 39 39 39 3 3 3 19 19 19 19 19 19 49 48 7 48 42 42 42 179179179 4 4 4 20 20 2014 QUINCY.

Dec. 2 AP). Directors 28 28 28 17 17 17 21 21 21 4 4 4 52 52 52 1 7 74 7 ers turned their attention to women's President Illginio Morlnig an Repub. Steel 13.0OO 22 U. 8.

Steel 11,700 68 Comw A So 8,500 Gen. Motors 7,200 49 Cons Edis 6.700 22 Para Pict 6,200 97 Lehigh Val 6.100 11-16 3-16 Int Pa A Pow 6,000 16 Gen Elec 5.9O0 33 Anaconda 5, TOO 27 Int Mer Mar 5.500 10 Beth. Steel 5,500 86 Unit Corp 5,400 1 Socony Vac 5.300 8 Int Pa A pfd 4.800 69 of Gardner Denver Co. declared an extra wear for the spring season. 10 tSt la 31 Fair A dividend of 25 cents a share on common nounced Saturday he had decided Rayon finished goods continues to lag tock.

payable Dec 23 to stockholders of En. "Tampa 2.24 24 MCA hi 11 Tech 9 espite expectations that increased em Crane Co 7 record Dec 13. do cv pf 5tl90 105 105 105 to assume all Government powers to push forward the "Paraguayan revolution." 8T A 2 Gln ACle Directors also declared the regular ployment in connection with defense program would aid retail sales. Silk piece goods market was very quiet. Cr of Whl.DOe 4 17 17 17 9 Todd 5 76 33 Tubize Chat 7 Grse A 1) Gulf Oil quarterly dividends of 25 cents a share on common stock, payable Jan.

20, 1941, 4 4 4 Naob-Kelvia. 12 Nat Acme le 3 A Fibe 1 do pfd .60 1 Nat Avia 2 Nat Bis 1.60 9 Reg 1. 2 Nat Cy .80 1 Nat DP .80 16 5 22 21 21 7 7 7 9 9 9 10 10 10 17 17 17 12 12 12 11 11 11 13 13 13 stockholders of record Jan. 10. 1941.

Refunding, New Capital Pisa. NEW YORK. Dec. 2 (AP). A special BAR GOLD, CLEARINGS IoV0fal bank clearings for Dec.

2 were Js debits to individual accounts xr N0V 30 were j22.300.0O0. LONDON. Dec. 2. Bar silver 22 13-16d.

kLvlfi 'equivalent 41.37 cents). Bar IfiRs. nnohanged (eauivalent 33.S5). change J4.03. A.

P. to Give Bonus to Employes. nd 75 cents a share on the preferred Crosley Corp 2 Cr Cork AS 9 do ww2 70 Crown le. 12 do pf 5.. 6O Cruc Steel 17 do of 5 2 stock, payable Feb.

1. 1941. to stockholders 6 13 30 62 Hecla Holoph 1 Horn A Hd 2 Humble 2e NEW YORK. Dec. 2 (AP).

stockholders' meeting of National Gypsum Co. has been called for Dec. 20 to vote of record Jan. 20, 1941. 26 26 26 43 42 43 1 15 15 15 91 90 90 14 42 42 42 90 90 90 4 4 4 1 1 1 Udyllte .40 4 A -10e 9 8 2a 55 Un Sp .60 7 Foil 5 Rub 3 Univ Pict 11 Great Atlantic It Pacific Tea Com on a proposal to issue $6,000,000 of 15- CORPORATION REPORTS NEW YORK.

Dee. 2. Diamond Match do pf A 740 105 105 105 pany announced today intention to ear 3 per cent debentures. The company More Margarine. WASHINGTON.

Dee. 2 (AP) Produr- do pf 7tl0 105 105 105 3-32 Cub-Am Sug 3 Curt Pub 2 3 3 72 has completed arrangements with four Insurance companies to purchase the deben 6 6 6 ion of margarine in October was repnrted distribute $1,500,000 to all its employes of six months' or mora serv 34 34 34 do nr pfe 3 6 Vultee Aire 111 Iowa Pow I ha Ind I A 2a Int wr Int Petr hi Int 'EW YORK' rw 2. Steel prices per tures at par if the issue authorized. today by the Agricultural Marketing Serv 9 9 9 It Curt-Wright 21 Nat Dept Stor 3 do pf 1 Nat Distiller 2 16 Nat Gvp 15 Nat Lead a 12 Wich Oil 6 Co. reported for nine months ended Sept.

30 net income of $1,465,235, equal to $1.13 a common share, compared with $1,586,245. or $1.23 a share, in the 1339 seriod. 3 Ihx Vn rAlled 7 7 7 23 22 23 8 8 8 1SU, 17 Hi. 2S 2 dn A 2 1 Proceeds will be used to retire 3 per rent debentures and add to ice at 30.160,000 pounds. This was 6.220.-ooo pounds more than production in Oc ice as a Christmas bonus, a similar bonus was paid last yea.

base price 2.10. Galvanized sheets 9 W-Jnnes 7 Harg X40a 5 6 Davison Che working capital. tober, 1939. Steel bars 2.15:.