The Los Angeles Times from Los Angeles, California • 16

1 6 THURSDAY" MORNING. NOVEMBER 19, 1931. PART I. twwwyrwtVrwwiri BEARS HOLD MARKET REINS NEW YORK CURB STOCKS LOS ANGELES EXCHANGES I chkago stock MAliKkT AVEHACFS CIl'CAGO. Nov.

18. (API Following la 4C rcmilrle official lint of transaction's Trail Entirely in Hands of Professionals and rrtce Level1 tails dltehllu Lower as race oi NEW YORK, Nov. 18. The curb market sagged In sympathy with other financial markets today, but trading was tns it in Vocks on the Chicago Stock Exchant NEW TORK, Nov. 18.

lEsrluslvr) Todar'a market ranee, as compiled by the New I'ork 'Tunes: Hlsb Low Last quiet, the turnover of 240,000 shares today: Prices Follow Downward Trend Low Last puraiina yesterdays H.ch SO.iiu 37.03 38,06 23 Utilities were rather actively sold, and Trading Slackens With the trading and value dropping below the previous session, quotations on the Los Angeles Stock Exchange for the most part Industrials. 147.43 141.27 112.26 the coppers declined substantially, reflect' BY CHARLES W. STORM Salra All (HI 0 1 10 lo 4'MI 9U0 13 63 ing failure of leading producers to agree upon a plan of reducing output. Oils held fairly well, casing fractionally hert Abhct. lab.

Mfx. Allied Am. Equities Am. 1'ub. pf, Aupaiach.

Gas Asso. Tel. Editor, the News Service of WvII Street Copyright, 1931, by North American Newspaper Alliance, tt and there. yesterday fluctuated within a narrow range. Out of twenty-six issues traded, six showed gains, fifteen sustained losses and five were un flectrlc Bond and Share dropped about NEW YORK, Nov.

18. A weak market, in which the average price of thirty Industrial stocks declined four and one-half points, today 30 Iniied Gas 21 2Mt Do. war 19 Do. pfd 4 5I' Mi Cnited L.AP. A 29 lot.

10'. L. 8.L Int. 5 -'t pfd. 5 SUV, VArr.

1 2'i A I. S. Finish, 'i 1 3 II. 8. Lines 1 iMi f.

8. play. Cd 1 24 I'nit. Slorrs 3 ii Inited Verde 1 4Mi 4 I tab A L. pfd.

as 59 'x Utility Equities 1 2 Do. pfd. as oo Si 51t 53 Mil. PAL. IS 5Mi Vick Fin.

1 4 Waitt A B. A 5 11 Walgreen 1 1.1 West. Air Exp. 1 6 West Vi, C.tC, 1 Williams R. 1 IV, Caf.

pf. as 5" Il'i 2'i Woolworth Ltd. 8 8' Oil Gaa 8 Mi Domestic Bonds Bastmn-Plesslng a point io a price oi id. Miociia west Utilities sold off a point to 9 Hi, then recovered to close at 10. Northern States changed.

1-8. Southern Counties Gas pre- llendix Aviation. 13.100 17 19 ii -4t 41 4HO Iia Mfg. ierrea jumpec a point 10 yo. plunged the financial district Into gloom.

A ray 01 hope appeared with thc power A lost 2Yt. In the coppers. Nrwmont dropped 3 California Bank, whifh has been to 17. The year's low was 13a. United inactive recently, shot up 3 3-4 to Verde Extension sold off point to 4 Bori Warner Hrcyrcs-Monig.

Burnham Trad Do. pf Butier Bros. Ceco Mil. Net of Foamite report that there had been a favorable change in Germany's financial 1 18 II 20 2 13 13 Mj 3 80 3 10 Oi a new low. Roan Antelope, an African 67 li on a turnover of 100 shares 18.VI 40 1110 50 6011 450 303 30 fray a av 4- producer, declined point to 8.

3 89 and political plans embracing pay In the oils. Gull was off nearly a point 3 811 5J storks 93.51 90.17 NET CHANGE 33 railroad 1.47 25 industrials 5.7g 50 stocks 3.6, BONDS Net ehangeJ Day. Month, tear. 40 donTe.72.39 .15. Jt7 12.27 10 for ns.91.i8 .09 .46 12.01 Yearly range of 50 stocks: 1031 173.07 Feb 87.81 Oct.

...243.80 Apr! 135.43 Dec. Sept. 1HI.43 Nov. 1928 ,...231.45 Dec. 163.13 Feb.

1027 185 47 Oct. K8.82 Jan. 143.33 Dee 109.UA Mar. 1025. 136.21 Dec- 106.82 Jan.

1924 1U7.29 Dec. 82.26 Apr. 1923 93.25 Mar. 77.15 Oct. 1922 98.06 Oct.

66.21 Jan. 1921..... 78 13 May 56.83 June NEW YORK. Nov. 18.

(API Today's msrket averatea: (Copyright. 1931. Standard Statistics Co.) STOCKS tent. III. P.S.

Pf. Up in Quarter at one time, but closed at 48, off only Standard of Indiana and Bumble ment of private obligations. Inas much as worry over the German sit -t it Security-First National added 1-8 at 68 5-8. Transamerica was off 1-8 at 3 7-8. Pacific Finance common at 10 and Byron Jackson at 2 1-4 Cent.

III. Sec. cvt. pf Cent. Tub.

Serv. A lost point each. Among lndustrialsand specialties. Alum NEW YORK, Nov. 18.

American. 10 mum Company lost about 3 points. Deere (Ssles in 81000) fell Back nearly 3 and Cord Corporation 050 150 50 30 60 50 100 So. Pf P.I. Pf.

Investors Pf La France and Foamite Corpora tion. manufacturers of fire appa uation has been the basis on which the professional bears have been selling stocks and the chief reason why the Important banking Interests have not extended support to lost 1. Radlo-Kelth-Orpheum rights closed 1 90 13 l(Kt 100 were each down 1-8. Taylor Milling slumped 1 to 10. On the curb Cities Service com The oils-and utilities continued to supply the chief activity.

Standard Oil of California slipped 3-4 to 33, Union Associates at 15 1-8 and Union Oil at 161-8 were each off 3-8, while losses of 1-8 were sustained by Shell Union common at 4 7-8 and Rio Grande at 2 5-8. Pacific Western was unchanged at 5 and Bolsa Chica moved up 5-8 to 5J-8. Edison common dipped 1-8 to 351-4, Pacific Gas common eased 5-8 to 37 3-4 and Pacific Lighting common dropped 1 to 43 3-8. Edison 7 per cent and 5 per cent preferred were fractionally higher Cent. Do.

Do. Chic. Do. Chic. Cities at ud point.

iS-m 26 1 21 13 Tba closing prica li omitted when same it 41 7 Yellow Cab ratus, reported today September quarter net profits of $14,235 after as in low. and both law and elosa when mon eased 5-8 to 7 3-8. General Service .23011 7 27 38 89 42 the market the last week, the ru tame as tba high. (Sales In Comw. Edison all charges, equal to 24 cents a share 36 89Mi 41 S8M4 Consumers Stocks Hundreds) High Low Closa High 873 145 Vi 200 I 5110 8 700 25 on the 7 per cent preferred stock, mored change for the better might be expected to find some favorable 29 38 8Ml 42Ml 67 93 44 Ml lx-S 16 97 64 114 7 6 i 7 143 '2, 25 0 5 80 17 it 6 reflection.

Ala. Pow. 4Mis '67. Alumin. Co.

As '52 Am.Comw.F.3M:s'83 Do. Os '40 Am.Cmty.P. 5l-js'38 Am. CAE. 5s 2028 Am.

G.AP. 5s '53. Am. AL. 6s 2016 Am.

Rad. 4Mia '47 Am. beat. 6s '36. Appalach.Gas 8s'43 Do.

6s '43 Appalach.Pw. 5s'56 Asso. Flee, Asso. G. E.

5 Mis '88 Inv. ctf Do. 5s '50 Do. -Mts '77 Do. 3s '68 Do.

4 Mis '18 Do. 4 Mis '49 C. 18 5Va 50 Ind. 20 Rails 20 I til. Motors fell 1 1-4 to 25 3-4.

and Seaboard Oil declined 1-4 to 8. Exchange sales totaled 8730 shares, valued at previous day, 10,327 shares, valued at Curb sales totaled 14.350 shares, valued at previous flay, 8319 shares, valued at $34,856. 5 76i 17 96V Todar 120.5 9.0 The downward movement in the market, however, continued today notwithstanding announcement that 45.3 48.7 52.1 62.8 18 13 Ml 6 7 Ala. Few. $8 pf.

as Alex. Ind Allied Mills Alum. Co. Ana. as.

Am. Arch Am. Capital Am. Cap. pf.

ad Am. Cigar as Do. pfd. a Am. Clt.

P.AL. A. Do.1 Cont. Chicago Do. pr.

Cord Corp. 1 Ccrp. Sec. Do. pf.

Crane Co. De Mrts preference Dexter Co Eddy Paper Emp. G.AF. Pf Do. 8s pf.

Goidblatt Gt. Lakes Aircraft the Germans had met their short 12 Ml 3IMI 200 311 20 80 10 50 50 100 50 150 against net loss of $107,623 in the preceding quarter and net loss of $4881 in the third quarter last year. Net loss for nine months to September 30 amounted to $225,950, which compares with net loss of $116,486 in the. same 1930 period. Current assets September 30 amounted to $4,941,188 against current liabilities of $614,947.

Unfilled orders have increased, it was stated. while the 6 per cent Issue was on term credit payments which were it it it it it it Previous day. Week ago Month Vear ago' 8 years 5 years a High, 1931... Low, 1931... High, 1930...

Low, 10311... High. 1929... 82.4 83.0 79.4 130.0 200.8 105.8 140.2 67.8 2112.4 112.9 232.8 it- 123.6 128.6 119.9 169.2 180.4 102.7 28. 9 101.5 281.8 148.5 333.1 156.8 STOCK EXCHANGE due on Monday.

Am. C. Pow. A 101.0 129.9 104.1 106.3 43.5 141.8 88.4 167.8 117.7 The action of the market and the 21 '2Mi 4Mi 17 37 11 29 1 42 9 20 22 4 Oo. $7 pfd.

Following are the sales yesterday on the Los Angeles Stock Exchange 42 l' 51 51 47M 66 Mi 96 77 96 83 95Mt Asso.T.f t.3M!S'44 15 Gt. Lakes Dredge. Net Closing 42 51 si" 434a 78 98 95 82 lear to date character of the rumors afloat in dicated clearly that the profession Do. 6s '33 42. 50 65 60 42 88 95 7H 95 95 100 Dir.

Rata Am. Corp Am. Cyan. Am. Equities Am.

A Fen. P. w. Hlrb Low Asso.T.T.5Mis'55 A. Bell T.Can.5a'53 A.

Low, 1929. 141.8 ,1550 4110 50 50 Grlgsbv-Grunow Hall Print Hart-Carter pf. Hoirdailte-Her. Total 90 stocks, 81.1. it als were once more dominating stock dealings and were not meet Am.

Gas' El. Do. 5s '57 Do. 5s '60 4. SOB 91 5 80 18 53 65 80 28 8 2-' 20 1 3 2 7 -4(1 95 28 6-16 1 6 83 1 1 8 3 12 6 7 11 23 23 4 Do.

nfd 200 111. Biirk Investor Trust Bost.Con.Gss 5s'47 ing with any resistance from the 1 lulV Am. Invest. ...9100 In-ill I til. 10 42 Can.

Nat. Ry. 4Mis'51 Am. Light As 10 41. 9 150 banking element.

19 83V 14 101 Do. pf. 2nd 4t Do. Ea. 7s 'S3 E.

Am. Nat. Gas Am. Pneum. Ser.

Declares Extra 4 96 Caro. P. A Ss '56. Caterp, Trac. 3s'85 Cent.III.P.S.5s'fi8 Dividend Cuts Am.

Sup. Power. Do. 1st pr 4(1 47 7 4SH 95- 28 63 '2 6Vs 5 20 88 00 87 00 Predictions that the Southern Do. 4 Mi, '67 F.

Am. Yvette Kalamazoo Katz Drug Switch Ky. It. Jr. c.

La berk Corp. LibbT-MrNelll Lincoln Print. Lindsay M.P. it it it BONDS 20 Ind. 20 Ralls 20 L'tll.

Today 75.5 63.4 91.2 Previous day. 76.2 83.1 91.5 Week as 77.0 84.5 92.4 Month 73.8 83.5 80.1 Year ago 90.0 104.6 99.4 2 years a 90.5 102.3 96.8 8 years 95.0 106.1 100. 11 High, 1931... 90.4 103.7 101.5 Low. 1081...

69.7 80.1 89.5 High, 1030... 94.9 109.8 101.4 Low. 1930... 83.3 97.8 90.6 High. 1029...

93.3 1H6.0 99.8 Low. 1029.. 90.4 100.8 96.0 400 50 50 20 III 250 50 100 800 NEW YORK, Nov. 18. Insuran- Cent.

Me. 4Mis'57 Cent. us '56. 74 Anglo Chi. Nit.

Appalacb. Gas Arotur. Rad. Tube Ark. Nat.

Gas Do. 8s "57 90 80 is" 60 46 68 5 ISO Cent.Fub.S. 5Mts'4 Sales Hllh Low Last ehanst Bid 8IHI 5 4 5 5 800 2 2 1 2 100 68 67 67 4- 3 67M: 100 8 8 8 4 100 5 5Mi ion Ms ion 10 9 400 10 0 400 85 87 Mi 1110 23 24 200 43 43 43 1 43'H 100 4 8 1O0 18 12 200 3 4 200 2 2 2 2 800 68 68 6H 68 20 iij, 4 600 83 83 13 85 200 29 28 800 23 25-M. 300 23Mi 3 21 90 1 93 1,700 33 33 3'TS, 2iM 111 IMi 10 100 63 30 8IMI 8 3 3 AIM 13 l.V 15 I.V. 300 16 16 16 16 Pacific dividend would be cut from $8 a share to $4 a share annually were confirmed by formal action of the board today.

Chicago and Northwestern directors also omitted it '7 5 16 '9 59'! 2 8 8 12 5 18 5 IS 12 5 10 1 32 7 94 20 8 10 .98 25 JSl'j 54 27 67 10 18 15 10 93 10 64 30 29 21 105 61 24 90 18 21 26 Bolsa Chica Oil Byron Jackson California Bank Gldn, St. M. Pr Ca. Hal Roach 6s L. A.

Inv. Ca. Morsland Mot. com. Pac.

Clay Products. Pae, Finance Pae. com Do. 5s 1st Pfd. Pae.

Lighting com. Pae. Pub. Sr. new.

Do. pfd Pacific Western Oil. Rio Grande Oil bee. 1st Nat. Bank.

Shell Inlon com 8. Cal. Edison com. Do. Is pfd Do.

6s Do. 5 Mis So. Co. Gas pfd. 6s Standard Oil et Cal.

Taylor Mill. Title Ins. Trust Transamerica I nlon Associates Union Oil of Cal. 4 1 68 8 4 4 8 8 20 24 85 3 11 3 2 59 SMi 28 27 23 23 93 28 9 83 3 lMi 11 Do. old Cent.

St. E1.5Mi'54 Marshall Field Merch. ti Mfrs. 46 50 15 2 15 2 12 6 8 7 .13 42 9 25 4 47 49 7 17 5 Ml 17 Mi 10 Mi 61 Mi 10 27 50 35 63 8 2 Mi 11 6 13 i Mr 4o 8 78 10 4 Do. At '48 Asso.

AK. al. ctf. 94 91 82V 92 79 75 40-H 57.a 46 3B', 71 89 73 53 54 60 60 68 shares Corporation of Delaware declared today an extra dividend of 12 cents a share in addition to the annual dividend of 50 cents a share on the common stock for the year ended December 31, next. The dividends are payable January 15 to 10 Alidwesl I til.

Do. A Cent.St.P.L. SMis'SS Chic.D.EI.lM:s';o A 10 1 700 1 .5 I AO 50 1 13 23 5 2o 2 14 24 3 7 11 1 63 4 1 2 44 1 23 4 1 13 9 1 1 1 A 1 5 1 1 A 9 8 1 3 2 3 10 15 1 1 13 1 J3 A 20 56 1 50 1 11 A Atlas till. Total 60 bonds, 83.7. Do.

6s pf. A Do. A war. Do. war both the common and preferred Aut.

V.M. ev.or.nt. Do. '33 B. xv it Birkford 63 Chlo.Pn.Tl.

5M-s'42 dividends. Midbind lulled 10 10-? WWSWWWWWwWWW Do. pfd Cin.et.Car 6s 35 4.48 2.00B 1.75 1.50 1.37 8.00 2.50E 2.50 2.80A Unitec Corporation is expected to A 50 17.2o lino omi 200 150 50 10 10 10 100 50 50 Cities Ser. 5s '30 212 83 54 stockholders of record December 31. Clt, Ser.

Gas dMis'42 reduce its dividend rate from 75 uo. pr Do. Os A pf. Do. lis p.

I. Do. Is p.l. 11 1 Directors have adopted a policy 88 Clt.Ser.G.Pipe 6j'4S cents tc 50 cents a share tomorrow. Blue Rldss cvt.

pf. Blumenthal A. Bras. lr. A Bright far El.

Rrillo Mfg. Brit. Celan Buf. N.AE.P, 64 63 36 Cil.Srr.Fw. 8Vjs'52 Cleve.EI.IIIu.3s'54 A of paying dividends hereafter on a semiannual basis on July 15 and 1 104 Pipe Rub.

73 88 77 84 23 74 87t 03 Mi 93 72 88 76-1i 84 23 66" 93" Do. 5s '30 2 03 Morgan Lit ho. Com.Lsrabee fii'41 Comw.Ed.4-li'')0 3IusU. M. Snre.

A January 15 instead of annually as has been the custom, E. B. Twombly, Do. pfd 90 10 'I 50 Inn Do. 4s '61 93 83 61 Regular payments were ordered by the American Telephone and Telegraph and the R.

H. Macy Company, but these were only given passing attention, more stress being placed on the omissions and re-, ductions. Bunk. Hill ft Butler Bros 83l 64 Nachmann Spring. Nat.

Elec. Pow. A Nat. Sccur, 93 chairman of the board, stated. Comty.P.AL.

5s'37. 3 Mi .14 88" CURB EXCHANGE Following are the sales yesterday on the Los Angeles Curb Exchange Con.G.Bal.5MiS'52 Cab. Tube vte. Vlrg.Pub.Ser. 6s'48 Do.

5s '46 Do. 5s '30 Waldorf Ast. 7s '54 West. N. Del.

'44 West, Pa. 5s 2030. Wcst.Tex.i;t.5s'f7 A WIse.P.AL.Ss'SO E. Do. 6s '58 Foreign Bonds Agrl.Mtg.Bk.

7s'46. Baden Bu. Aires Pr.7M:s'47 Do. 7s '52 Cauca Val. 7s '48.

Cent.Bk.Ger.6s'52 A Com.Pri.Bk. 5s'87 Danish Con 5Mis'55 Ercole Mar. El. 40 Do. pf Cab.

A Wire Do. '70 Do. 4s '81 Do. vte 50 200 60 10 250 100 El. pf.

1 4 53 5 1 1 6 9 II 58 3 4 5 2 32 93-1 88 64 10fli4' loo UtH 4SV, 97 69 9.1 99 97 36 No. Am. G. N.W. l'tll.

7s Pines Winter Net Closing cbanse Bid Can. Mare. Wlrel. Cons.G.rt.fls'13 A. 1 9i''s 97 DebitsMoney Clearinghouse debits reported (or yes 9 10 Carlb.

Svn. 8 11 2 2 1 'i 91 20 8 1 2 a Mi 18 15 4'h 15 8 a 3-16 50 Mi. 1 33 Mi 4 Consum.Pw, 4Mts'o8 Dlv. Rate 8 00 Low Last '26 92 42 67 98-'i Cont.G.AE.5s'58 A 36 45 43 80 89 40 80 49 48 28 87 4H 83 Mi High 7 26 8 Sales 100 aim duo 1 Year to date High Low 20Mi 5 40 22 20 6 Following 7 20 6-h. Cities Service corn.

General Motors Seaboard OH, Del. 1600 IMi Carnation Carrier Corp. Celanese nfd. as. 1 116 1 111 Crane Co.

As '40. Cudsby Pack. 5a'6t 00 117 49 terday were 830,401,383, a decreast of 40 Process Corp. Q.R.S. DeVry Ouaker Oats Railroad bh.

Raytheon vte. 8e.tbnard I til. So. Colo. Pow.

150 Cent. Hud. G.E. vte. Detroit C.G.es'flO aotatlons In cents: 1 1 Det.lnt.

Bridge 7s52 17,797,314 from corresponding day lait rear. 48 '8M. 8 7'li, Dixie Unit Gas 6 5 5 2 8 1 6 2 4 2 18 8 6 1 10 28 13 6 1) 5 1 1 7 2 2 6 13 5 2 2 1 9 4 10 10 10 6W-1 '87 A Market's High Spots A break of 4 points in Western Union and declines of from 2 to 9 points in the company's various bond issues attracted attention. The Chicago pool which has been operating in Bendlx ceased activity in the face of the general selling, believing it useless to try to get the SO 200 50 130 inn 100 1031. 1930.

I-- Monday 61 81 8 Duanesns Gas 6i'43 i Ti 1 8 19 101 101 99 17 3 5 23 31 bo. tmon Gas Stand. Dredg. 838.582.172 34.876,015 152,275.848 Ed. Elec.

111. 5s'33. 65 25 Exeter Oil 1.800 23 10 26 120 83 Lincoln Pet. 9M 28 14 28 23 MINING DIVISION 60 22 Cons. Gold 1,400 60 59 23 10 Red Lion Gold Mln.

6.0IHI 23 32 33 'i3 143 5a .12 Tom Reed, Gold 8000 61 56 57 1 50 INFORMAL SALES 160 General Electric 850 39 29 29 Do. 4s '31 Lent. Pub. 8. Cent.

St. El Chain Sirs. Cities Service Clt. 8ery. Cit.Serv.P.

6s Pf.as Claude Neon Cleva. El. Ill Colomb. Syn. Colum.

0.4 G. vte. Comwtth. Edison as Tuesday 80 $31.0411.831 188,878,683 150,009,044 1 1 El Paso Nat. Gas 8l 8Mis '43 ww Swift A Ca.

SuiJt Int'l Warker Dr. Blilg, lis pf V. S. Gypsum Wednesday Elee. P.A L.

5s 2030 830.401,883 $47,338,6111 IV CAN FRANCISCO CLEARINGS 13 T. C.R.. Radio A 13 23 144Mt 63 78 4ii 68 Do. rts 2 Ema.Dlst.EI. 5s'52.

Emp.D.AR. 3Mis'4 Fed. Wat. 5M'42 Flreiitone C.M.5s'48 Fl. 3s '34.

61 47 8 Mi exttas. rlslits. S'lfc XD Ex dividend. XR Ex. rights.

A Plus extras. Including Partly stock. Plus stock dividends. StOik optional. Plus 8 Payable In stock.

Gain. Loss. lents. issue higher at this time. Copper stocks sold off sharply following the breaking up of the international conference of copper producers without reaching any con 81 51 43 60 41 8(14 80 81 85 6 48 13 15 '4 34 70 35 11 2 -2 2 2 loot, 86 83 60 61 6s '68 A Euron.EI.8Mit'6S xw Europ.Mti;.7s'67 C.

Fln.Ind.Bk. Flnld.R.M.Bk. 8s'6t Ger.Con.Mun, 7s'17 Do. 6s '47 Hamburg El. 7'33 Hanover St.

s'49 Isarco Hyd.EI.7t'.'2 lt.Sup.P.6s'63 A xw Lima Peru fiMis'58 Mnranhao Br.7s'38 Medellln Col. 7s'31 MelbourneE.7Mis'4 0 Mendota Pr.7Mjs'31 Parana Brax.7s'."H Russian IUI9 Do.liM.-s ctf.no '19 Do. 5s '21 Do. 5Mj Ctf '21 Sanda Fslls 5e'53 A Saxon Pub.W. 3'8J Stmnes 7s '1)6 xw.

Terni Elee.6s'A8. xw Gstineau Pow.3s'56 4 21 4 7 13 1 2i 16 16 6 1 3 4 24 800 lo 2oo 11)00 100 100 5'l 800 100 80 51) In 81 1 1 IS BID AND ASK PRICES 76 63 73 51 43 08 Ml 80 7 67 98-H. 98 47 7 Ml 94 87 Do. 6 '41 13 17 ii 61 Vt 72 8I''4 73 60 43 68 78 98 44 7 38 92 87 73 Comwlth. 4 So.

w. 23 Comm. Wat, Berv. 1 Comittock Tun. 3 Cona.

Cop. 1 Cops. CAE. 1 Do. A pfd.

100 Cons. G. I vte. 1 Cons. Royalty 15 C.

8. Oil and Royalties i I'niversal Cons. O.I 3.15 2 Warner Bros. Pic 4M- Wellington Oil I.H.....1 70 I Ge'i Mot.Aoe. 5'8I 14 3 3 10 13 17 1 OO'I) 1 II 65 Following are the closing bid and 85 I'll.

A Ind. Viking Ftimp Vortex Cnn Walireen Co, Do. var Wc t. P.tAT. Zenith Rilio Bom's (Sales Chi.

A 53 '27 Do. rt 6s Instill I til. 6s '40 1'12'h liiit clusions looking toward further cur Do. 5a 80 ask prices on Issues not traded yes- Gen.Pub.ft. 8Mg'n6 8AM FRANCISCO, Nov.

IS. AP Bank clearings, $10,800,000. FOREIGN EXCHANGES Furnished by Farmers' and Merchants National Bank. Selling rates for check! of nominal amounts: England, per pound sterling 8.84 France, per 100 franea 3.03 Germany, per loo reichsmarks. 3.84 Belgium, per 100 belgas 14.00 Italy, per 100 lire 6.

18V Arsrntlna. per 1O0 peiios $9.04 Brazil, per loo mllrels 0.77 (sccho.Mlovskia per 100 kronen 2.07 Denmark, per 100 kroner 21.03 Finland, per 100 flnmarka 2.02 terdny on the Los Angeles Stock and Gen. Vend.6s'31 xw Gn.Wat.W.3s'48 A Mining Stocks Alaska Juneau 16 Arsrntlna Cuns Cont.Shar.evt.pf. as 300 Curb exchanges: Geo, Pow. 5s 85 Gillette As '40 53 181 4 STOCK EXCHANGE Bid.

Ask. 77 86 88 bonds. 2 1 9 4 3 8 Do. pfd. 1 Cord Corp 50 Corp.

Sec Chi, 1 Creole Pet 1 Crocker At Wh. 1 Curtis Wr. war. 2 Coil Mex 2 Deere Ac Co. 4 0 6 0 Gohel 6 Mis '83 Grand Trk.VMts'86 Gt.

West. Pr. 3s'46 Gnan. Inv. 5s'48 A Assoc.

G. A E. Barker Bros, com Stocti sales today. 04,000 shares; 68', 58 Mi .07 i 'so I oi Mi i .02 ,01 3 .02 .50 5 III Blr Jim Mines 06 Gold Ore .15 Hammon Cop. No.

star Mining A Dev 01 Or Arnica ,01 San Francisco KhallBcb Denn 2'4 I'nlted American .01 Cnited Vanad. Corp ,75 I tnlted Verde Ext i't Yellow Pine 02 tailment of production. One custom smelter offered copper metal at a reduction in price of one-quarter of 1 cent a pound. The bond market showed greater heaviness than for some weeks, indicating that the apprehension being created by falling stock prices is spreading to the Investor. A decline in the price of wheat of 2 cents a bushel and lower prices for silver also contributed to the general pessimism.

Gulf Oil Pa. 6a '41 Bamsdsll Oil Rdwy. Dept. St. pld.

240.000 shares. Stock -ales today. 15M, Do. 5s '37 Packing Corp. 'etitrnl Investment Hood Run.

SMis '36 Houston Gulf Gas 97 98 46" 98 ttirens' National M. l'W 72- 103 4 Vt 84 1V M. 3'ls 8- 9- 10 Iff 1 4' 2Mi 7BMi 7 50 ooh 0-16 23 14MV 7Mi 1M, 2M. 24 1 28 Vt 2M, HVjs '43 WW Do. (is 13 A Boston Stocks BOSTON.

Nov. 18.7aP Following are the sales of the most active stocks traded today or! the Boston Stock Exrhunie: Rales High low Last Stork sales year ago. shares. Pond sales today. Bond sales year ago, 83,010.000, as Actual sales, xd Ex-dividend, New.

ww With warrants, xw Without warrants. CI. Neon El. Prods Douclas Aircraft Houst.L.AP.Ss A'33 7 65 I Vt 85 ii IS Mi 8V 300 18 13 63 8 16 De Forest 1 Detroit Aircraft 1 Duouesne Gas 2 Durant Mat 5 Fait. Sta.Pow.

18 Elsler Eleo. 2 El. Bond as Sh. 303 Do. pr 2 El.

P. 41.. opt. war. 1 Do.

2nd pfd. 1 Rmp.G.AF, Ki pf.as 500 l.msco Dr. Co. com Farm. A Mer, Nt 8 Mi is" 79V4 EXCHANGE CALIFORNIA 1 6 60 10 25 60 10 12 8 280 14 11 '7M.

15 23 9 3 llvgradr F. 6s 4 Idaho Pow. 5s '17. III. P.AL.

5s '38 llniore Oil Co (irrrcf, per 100 drachmae 1.29 Holland, per 100 guilder 40.80 Hongkong, per 100 local currency, 20.10 India, per loo rupee 20.10 Japan, per loo yen 40.80 Jugoslavia per 100 dlnara I.79VV Norway, per loo kroner 21.03 Peru, per pound Peruvian 28.28 Scotland, per pound aterling. 8.84 Spain, per IO neeetaa 8.88 Sweden, per 100 kronor 21.03 Switcerland, per 100 franca 10.53 Syria, per pound aterling 8.84 I'ruguay. per 100 cold pesos 48.20 Veneiuela, per 100 bolivares 16.03 NEW YORK RATES Exciiante Sales on the California Slack 85 78 Am. frl. Tel.

1601 138 I 'A 134 loo .0 138 .07 Do. 5Mis '57 Do. 6s '33 A 85 75 91 89 Globe G. A M. com Goodyear Tex.

pfd. Goodyear TAR. Low 4 Last Aatles Prt, tl gelow San 80 25 24 25 Bank Stocks NEW YORK, Nov. 18. (AP) Ovsr-the-eounler market.

Bank and trust com 1 a 4 1 I 1 13 9 1 2 4 2 14 13 2 A 5 21 70 1 4 5 1 8 18 4 1 3 Evans Walls 1 ISO Hancock Oil com Honolulu Oil i resieraay follow; Sales Huh Big Jim 2 on, Cord Corp 8 Mag. Hudson Pow. Bs) 8 Stand. Oil of 50 31 totaled 2250 shares. Pacific Gas in Permit Request 77 100 lull 49 98 90 40 52 5 lllll 46 98 63 "8 93 61 I'l 78 68 61 83 40 6 63 84 33 57 78 80 70 81 80 87 88s ii'i 14 7 1 Falardo Sue, 200 Ford M.

Can. A 5 nternational Re-Ins. 30 1 10 (II 218 8 1,1 80 10 216 23 25 12 East. G. A r.i in flee, General Llcctrle tsie Koa'e Itil 210 89 L.

Ford Mot Ltd. 2 Fox Theater A. 6 Hi panies' eloslng bid and asked prices: BANKS 4 99 82' 53 10 2 108 2 T. 138 122 1000 .01 NEW YORK. Nov.

18. WPi-Poreign exchanges irregular. Great Britain In dol New Fnc. Asked. 40 lars, others in rents.

SAN FRANCISCO, Nov. 18. VP) Pacific Gas and Electric Company Salt Lake Mines Gen. Aviation 3 Gen.G.E.ev.nf.B as 50 Gen, Th. Eq.

cv.pf. 4 Glen Aldrn 4 Gold Real Elee. 1 Goldman Sachs 88 Grarmur 1 5'l 8 45 100 101 407 3 8 26 '2T4 Oreat Britain, demand, 3.764: cables, 3.77; sixty-day bills. 3.72. France, de 82 121 .60 2 15 84 ii'' 45 Bid.

88 8 601, 177 2800 45 20 02 reported to the Railroad Commls 35 1M. 'iM, 177" 47MV 1(1 83 2 81 K87 80 94 317 r. Butte 'i ui 11c Slone Webster. Torrinnton Inited Foundera. I'nltH Fruit I nit.

Shoo I tail Metal mand. 3.91 0-18; cables, 3 BIS. Italy, de mand. 5.15Va; cables. 3.16.

16M 183 2400 Gt. Atl.AP. n. 80 180 Demand: Belgium. 13.87: Germany, 55 71 1 47 333 4(1 47 slon today it had spent $37,324,850 in development of its properties the first eight months of this year.

An additional expenditure of $11,568,934 48 SS lo io .33 Zj.7o; Holland. 40.14; Norway, 20.49; Swedsn. 2039: Denmark, 20.62; Switzerland, 1943: Spain, 8.83; Portugal, 3 45; 1 116 23 9 7 8 25 96 88 Greece, 1 283.,: Poland. 11.30: Czecho-8lo. 125 25 10 8 10 20 98 4(1 America Chase Chatham A Phenis City Commercial First National Manhattan Public TRUSTS Bankers Brooklyn Trust Central Hanover Chemical Continental Corn Exchange Empire Guaranty Irving Mfrs N.

T. Trust Title Guaranty A Trust CHICAGO 90 was planned. The company asked that $2,835,831 expected to be received from stock sales, already authorized by the commission, be used to reimburse si" io, 10 "5-18 iiii 72 74 S53 203 170 114 30 38 19V 21 84 87 8 32 888 343 32 28 39 41 103 108 91 94 1 5 1 1 7 6 9 00 90 99 94 63 98 Do. 3' '54 B. Ind.

A Mich. 3s '55 lnd.md.KI.5'58 A. Ind. Serv. 5s '30.

Do. rts '03 A Indnls.P.I..5s'37 A. InsuH ll.lnv.fls'40 Do. 5t A "40 Intrrcont. Pow.

6s 48 A ww Intl.PSee.7s'52 Do. 8 Mis '35 fntl.See.Am. 3s'47. Inters. Pow, 8s '52 Do.

fis '57 Inters.P.S. 4MjT8 Inters. Tel. 5s A'01 Iowa Do. Si '61 Jamaica Wat.

Sup. A '55 C.P.L.4'is C'Sl Kan.G AE.il 2022A Ksn.P.AI..6s A'55. Kon.G.AC. SMis'50. Do.

5a '47 Kresse 8s '45 DC. Lehl.P.S.Os 2020 A Long M. Lt. 6s '43 Louis. P.AL.

5s "37 Manitoba A Mass. Gas (5 Mil '46 Do. 5s '55 Metro. Ed. 4s '71.

Mid. West. rt.5'32 Do. 5s '33 Do. 5s '84 Do.

8s '85 Minn P. A MIss.Rlv.Fsl ww Mlr.a.Rlv.Pow. As '5 1 Mon.W.P.fiMii'53 Montreal 6s '51 A. Nsrraranartt 5s'57 Nat. El.

Pw. 5'18. Nat.P.AL.3s 2030 Nat. Pub. SeMs'78 Nat.Tr.

JI.Hs'88 cod Neb. Pow. '81 94 94 Mi 97 the company Treasury for capital Do. Lincoln Mtg. com Do, pfd L.

A. AthUtlc Club, L. A. Rlltmore pfd A. G.

A El. pfd. Maemlllan Petro. 61 n. Prt.

Cent, com Do. pfd. M'irelfliid Mot. pfd. 5ilg.

Guar. Co Pao. Am. F. Ins.

Co. Par. Kin. pfd. Do.

pfd. Do. pfd, Pac. G.AE. 1st pfd Pac.

Light, (is pfd. Pac. Mutual Life Ins Pacific National Co Petrollte Corp. Pickwick Corn, com Republic Ltd. Republic Supply Richfield Oil Do.

pfd 8. Joa. L.AP. pri. 6s Do pri, pld, Seaboard Dairy Cr.

ptd Seaboard Nat. Bank Seaboard Nat. Sec. rlltnsl Oil A Gas Do. So, Cal.

Edison Ho. Cal. Gas lis Ho. Psciflr Co Superior Oil com I'nion Rank A Trust I'nion Sugar com. Van de Kamn's com Victor Oil Weber Showcase pfd.

Western Air Express W'ratern Pipe A Steel SALT LAKE CITY. 18. (Exclusive) Official quotations un the Salt Lake Stock and Mining Exchange today: Alta 1V. Alta Merger, l'i; AHa 3: Am. Explor 18; Annie Laurie, Beaver Copper, Vt: Big Hill, 18'4; Bingham Metal), 'a: Black Metal.

Bonanza Mining. Bullion. Bristol Bllver, Cardiff. 3s Central Standard, 1: Chief 43; Colo. Columbus Rex Vt: Comhlneo Metals, SH: Crescent Ele, 2.

Croff. Vt; Crowr Point. 2: Dix Butte. 2C. Dragon, lVa: Crown Point, l'j: E.

Standard, Tin tic 7: E. Tintic Con. 27'a: Utah. Emetald. Emma Silver, Empire Mines.

3 Mi; Eou.ty Oil, Vt: KurekK Bullion, 18; Eureka Lily. 13; Eureka Mines. Gold Chain, Gold Standard, IS; Great Western. 2r Indian Queen. Iron King, 12'i: Kennebec.

Kentucky Utah, Keystone. 11; Little May. J'; Mammoth, IB; Mich. Utah, Monarch Lead. Montana Bln-ham.

Moscow. 40; Mt. States 4 1 Nalldriver. 11; New Btnehum Mary, 4: New Qulncy, North Lily. North Standard, Park Bingham, Park Cfty expenditures.

86M1 87 87 10 imi 21 93 vaKia, a.Bea; Jugo-81avia. 1.79 Vai Austria, 14.04; Rumania, Argentina, 23.83: 6.23: Toklo, 49.45: Shanghai, 33.50; Montreal, 89.50; Mexico City (silver peso,) 38.00 Note: Demand rates are nominal. CALL MONEY NEW YORK, Nov. 18. Call money steady, 3'a per cent all day.

Time loans steady; 60 days, 3Vii 90 days. 4-6 months, 4 per cent. Prime commercial paper, 3-U4T4. Bankers' acceptances unchanged. BAR SILVER NEW YORK.

Nov. 18. (IP) Bar silver weak and 1 lower at 29 on continental and speculative selling. LONDON. Nov.

18. Bar silver weak and 13-16d lower at IB l-16d per ounce. Money, 5 per S-'nd for our analysis of INSURANCE STOCKS We have for general distribution highly interesting report on the 15 leading insurance companies whose common stocks underlie COMMONWEALTH INSURANCE SHARES We will gladly mail you this infer matlon without obligation. 93 Vi 48 Mi 6 3 S3 8 Ml iota 12 3Mi 2t Ik 54 2-j-n 2U so 57' Wi Mi 2 Mi 10 oo 10 4Vi 2 1 60 8 4 1 3 8 2 2 4 1 8 20 4 2 3 2 1 1 8 20 8 1 1 107 8 2 4 6 8 IMi 0 22 Mi Ground Grlpper B. Gulf Oil Pa Hecla Mln Hudson Bay AS.

Humble Oil Hyrrade Fd Imp. Oil Can Insult I til Ins. Co. Am. Imuran.

See. Intercom, Petrol. Intereon, Pow. Internal. Pet.

Inter. I II. war. Inters. Tw.

Del. pf. as Hal. Superpow. A.

Roister Brandos one Star Gas Ions Is. Lt Mass. Util. Mayflower Asso. Mead John.

Memphis N. Gas. Mesabl Iron Michltan G.A-O. Mid. 8 1.

Pet. vie. Mid. St. ft Mid.

West. Do, nfd, xw Midi. Steel Miller Sons Mo. Kans. P.

Mock Jndson Mount. St. T.AT.as Nat. Am. Co, DANISH RIKSDAG ACTS TO RETAIN CAPITAL 92 81 93 (Furnished by E.

A. Pierce Co.) Central Ren 130 134 Continental III 203 2l First Nat'l Bank 3:11 838 Harris Trust 3K0 300 Northern Trust 387 805 Peoples Trust A Sav. 2,10 233 80 92 78 76 74 85 1 'i 1 103 114 44 43 8 41Mi 23 41 15Mi 2 7 10 10 19 1 8 99 111 23 39 6', 6 24 43 825 1 Mj 5 5 18 .9 'ovi in Name Address San Francisco 92V 17; Far King. Park Konold, 92 99 62 '71 62 FRANCISCO, Nov. 18.

(API Foils the official list of transactions San Francisco Stork) Exchange to- RAN Inwint on the 5M: Park Nelson, 3: Park Premier. Tt; Park Utah. 150; Ploche Bristol, Pluttis, 20; Prince Con Provo, 12 'j; Rica Arg. King Coal. 4 40: Silver Bay City Mines 8AN FRANC18CO, Nov.

18. (Exclusive Following Is the official list of quotations en the Ban Francisco Mining Exchange! 2 8' 4 12 6 5 3 10 11 14 6 4 8 4 2 i 13 2 6 i 10 i 8 13 4 23 1 5 1 1 day 10 122 COPENHAGEN (Denmark) Nov. 18. (JP) Urgent measures to halt the flight of Danish capital abroad and to extend suspension of the gold standard for another three months were passed in both houses of the Riksdag today. The Minister of Commerce was thus authorized to order Danish importers to transfer moneys received from abroad to their corresponding Danish" values, and to take measures for controlling the introduction and sale for foreign account of stocks and shares from abroad.

LaswellsConpahy 609 S. Ceantf AvenueTRinity 5273 ttM Angeles Members Los Angeles Stock Exchange Los Angeles Curb Exchange II N. Marengo Pasadsna Shield. Sacramento, Sioux Mines, l1 Nat. Avla 8 4V, f4: South Iron Blossom.

Snu(h Standard. 10; Tar Baby, Tintic Central. 't; CURB EXCHANGE Veisner Bros. Oa '48 1T4 8 S'ii 23 iiii 99 92 81 9.1 sn 18 77 83 98 102 65 02 10 53 73 53 9.W1 38 81 71 73 72 8l 70 67 91 101 40 03 94 99 9" 021 08 93 90 9 Bid. Tintic Lead, 98; Tintic Standard, 4 00; Union Vs: Victor 2 'a; Walker Nev.

Cal. El. 5, New Eng.n.E.5s'50 Do. 5s '48 80 70 10 70 70 71 72 80 76 Ask. 31 80 07 18 8 Mining.

1 CO; West Toledo, Wilbert. Yankee Zuma, Western 7 5 .25 .05 12 2 Nat. Bond Sh. 2 S.V's Nat. Fam.

Strs. 1 Mi Nat. Fuel G. 4 lflMi Nat. Investors 2 8 Nat.

P. Serv. 7 Nat. Pub. Men.

2 8Mi Nat. Service 1 Nat. S. T. Sec.

A. 2 2Mi Nat. Sue. P.ff 6 28 Nelnnn II 1 5Mi Neptune. Met.

A 2 13 Acme Aladdin Alto Amador Arrowhead nev. llrlmunt Metals llelinont Osborn iirlmont Uncle Sam licit 4 Belcher hlnck Bear 03 93 Albatross Steel Do. Ambassador Pet Amer. Royalty Co Atlantic Refining com. Aviation Corp.

Del Axclson Aircraft E. Banca d'ltalia Do, Randinl ret. Co. Rarnhart-Mor. Cfl.

Bolsa Chica Oil Buckeye Inlon pfd 27T-(. 28 50 1. 00 .90 .1.80 New Ent.Pw.pf.as. 10 IMi Booth nrip jn .1 (1.1 183 .02 .04 .2.00 12.30 N. J.

Zlne 2 27ii Newmont 10 18 HOLDERS APPROVE INSURANCE MERGER 20 17 8 Mag. Hud. 15 8V4 Sales Kijh Low Close Alaska Juneau 500 1(1 10 16 Ando-Calif. Trust. 10 26 Asso.

Ins. 100 2 Byron Jackson 100 2 Calif. Packing 800 11 11 Caterpillar Trac, 1000 15 13 Crown Zell. 20it Mi Do. pfd.

A 20 17 Fireman's F. 23 58 39 Haw. Pineapule 30 11 Leslie Cal. Salt 100 7 Los Ant. it pf.

250 11)1 Marnavox Co 800 1 i March. Cal. Mach. 200 2 Oliver Filters loo 8 Pae. G.AE.

1000 88 87 Do. Os 1st 100 25 Paelflo Lighting 400 44 Vj 43 Do. 6s pfd 233 91 97 07 Pao. Pub. 8.

1st pf. Inn 12 Pac. Tel. A 10 117 Richfield Oil loo S.J, L.AP. 7s pr.pf.

30 112 Hhell I'nion Oil 400 4 4 Southern Pacific 100 41 S. Pac. Gold G. ino 10 Stand. Oil of 2000 88 82 Tide Water Asso.

Oil 30 88 Transamerica 3 3 8 I'nlnn Gil Asso, 2HO 13 tnlon Oil Co 500 KiHi 10 lil't .08 00 Caterpillar Tractor Bid. Asked. Mt .03 .04 .01 .03 ,01 .20 .30 .01 .03 .01 .01 Ill .01 .02 .02 .01 .01 .02 .04 .0 .03 .08 .03 .08 .02 .04 ,02 .01 .02 04 oo .01 .03 ,01 .02 .17 .25 .33 20 Do. A war 43 1 Nlar. Shares 4 i 92 98 93 lent.

A rao. Impr Chapman Ice Cream 21 16 12 3 6 6 Nordon Ltd 21 Vt Nor. Am. Av. A w.

4 1-16 02 98 Ml 92 90" 103 15 is 1 .85 1 0 1-32 CI. Neon Lishts. N. Y. Cons.

Steel Corp. com Nor. States P. 4 93Mt 05 Do. ptd.

Continental Credit Co 15 75 16 2 00 A 16 7 7 12 so 2 13 104 Ohio Cop. 22 KM Ohio Oil pfd 1 83 Pae.G AE.8Mis pfd. 1 4 4 NEW YORK, Nov. 18. Stock-holders oi New York Fire Insurance Company and the Bronx Fire Insurance Company today approved the merger of the two companies, subject to the approval of the State superintendent of Insurance.

The consolidated company will operate under Continental Oil. Del Cord Corp. com if 'V If ii "Jr -m Do. 1st pfd. -t tn 6 69 69 59 82 2(1 "i 88 Pae.

West. Oil 5 Crystallte Prod, com Do. pfd I8 80 59 82 87 81 100 80 15 5 3 4 1 33 randem Oil 8 8-10 Pantepee OH 4 Parks Davis 3 22 Curtisa Wrlsht Corp Cypress Pet. Cal. 22 Diamond Elec.

Co. nfd Pennroad 23 4 84 84Mi 85 11 District Bond Co Pa. Wat. I 51 "i 14 l'i the name of New York Fire Insur ance Company and will continue' un Eleo. Bond A Share Elee.

Prod, of Wash 16 103 105 105 23 18 .110 .60 Peo. Lt. Pow. Philip Morrla 11 Phoenix Sec. pfd.

1 17 Mi Pilot Radio A 5 8Mi 59 First Securities I'nita der the underwriting management of 21 Mi il'H i 'i 2 Mi 21 'i "ii 93 1 .2 no 60 15 11 .41 A .08 6 2 8 24 2Mt 1 Bay City Curb Fox Film Corp. Fox Theaters Corn. aa iMfsairwiij ui.j awMsjwfjM .12 .02 07 .23 01 General Aviation Broken Hills Brousher Butler Gold Bulte Calumet Carrie Crn. Eureka com. Do.

pfd. Chollar Concordia Con. Vlrslnia Cons. Gold Mines. Divide Divide Annex Divide Ex Con.

Dlx. Butte First National Genii Con Golconda Goldfleld Con Gould A Lurry Gold Hill Gold Metals (iold Ore Gold Wedsa Gold Zone Gruss Illckox Illrh Dlv Idaho Marylsnd Indian Mines Jack Waite Keystone Liberty I.One Star Lucky Strike Manhetatn Con. Manhattan Mexican Mirabel Myra National Oliver New Cat. Ton. Nrw Sutherland Obra Operator Ophlr Orlando Gen.

Theaters Eouin. Corroon Reynolds, Inc. OUTPUT Or; ELECTRIC POWER ON DECLINE 88 88 Gladding-Mcltcan SAN FRANCISCO. Nov. 18.

(AP Following Is selective list of transactions on the San Francisco Curb Exchange today I Glob G. M. 1st pfd Goldman-Sachs Trading Grlgsby-Grunow Co Last Holly Dev. Co Sales High Low 7-16 4 Holly OH Co 05 80 90 88 69 86 78 96 84 46 43 67 85 96 60 71 83 90 26 .84 Bridge. 2000 .83 ritney Bowea 2 8Vi Pitts.

PI. Gl 8 2 1 Mi Plymouth 0 2 Fnh.8rr.No. III. rts. 1 5 Pub.

ft. Hold. war. 127 8-18 Do. xw 50 1 Do.

pfd 1 3 Mi Rsd. Keith Or. rts. 23 Mi Rellan. Intl.

1 Relian. Manage. 1 2'i Rep. Gas '22 15ts Reybarn Inc 2 Reynolds In. 1 Vi Roan A.

Cop 1 8'i Rockl. 1 irfi Russia Intl. 1 St. Kenls Pip. 20 OMi Salt Or.

1 4t .35 133 Hollywood Paper Box Corp. 1.47Mi .01 .25 .01 .01 A 118 137 133 Amer. Toll Amer. Tel. Bank Amer, Cal.

Ore. Int'l Combustion Eng IMi N. 5 38' Italo Pet. com. 45 87 95 60 6a Do.

5s '47 New Ent.Pw.SMis'54 Do. 8s '48 N.Y.For.5Mis'4H ww N.V. P.AL. 4Ms'fi7 Mac.Falla Pw.6i'50 N.Cont.t t.3Ms'48 A C. Do.

8s 'no No.Oh.P.AL.3Mit'51 Nor.8t.Pow. 5Mis'40 Do. 4Mjs '01 Ohio Edison 5s '60 Ohio Pow.4Mis'56 Ohio S. As'54 D. Okla.

iF. 5s '50 Far.G.&E.4Mis'00 6MjS '42 C. Do. 6s '41 Pae. P.AL.

5s '55. Pso. W. Oil 8Mn'4S Penn. El.

4s '71 Penn.O.Ed.fls'30 xw Do. 5Mi '50 B. Pen.O.P.L.BMis'54 A Peo.O.L.ACsai PeoD.L.A P.3s'70 ww Phlla.KI.Pw. 3Ms'72 Picdmt.EI.OM.s Od A Potomac F.d.Aa'56 Pow. N.V.

8Mia '47 Pub.8.N.III.4Ks'1HD Do. 4Mjs "81 Fui 8d. P.I,. 5Mjs'49 Do. 8s "30 C.

Do. 4 Mis '80 D. Queens Bnro. Gas 5Mta '63 A Rem. Arms 6Mi'SS.

Rep. Gas 6s '45 A. Roch.Ceht.P. 5s'88. RyersonASon Bs'4S San Ant.P.S.Ss 38 Safo Ilar.W.4Mis'79 Srhults 6s '85 xw.

Scripps 5Mis Shaw.W.P.4Mis'70 Do. 6a '70 Sher. Wyo. Os '47! P. A L.

6s A vw So. Cal. Ed. 5s '51 Mo. ill 'A3 Do.

6s '54 So. Cal.Oas 4V.V61 8og.Car.Pnw. 5s'37 So. Nat. Gas 6s '44 Do.

lit '41 Southwest Dairy '88 ww 8.W. AE. 5s'87 A 8 W.P AL.6s 2022 A Stand. G.AE. 6s '51 Do.

8 'HA Do. 6s '83 Stand. Inv. AMti'39 Stand. P.AL.

6s '57 Superpw.III, 4Mti'6S Swift A Co, As '40. Tenn.Pub.Ser, Tex. Fl. Ser, Si '60 Tex. Gas It.

6'43 Tex. P.AL. Ss '36. Thermold 6s '84 Trl fill. 8s ".0 I Inn Eire, 5s'67 t'nlnn Gulf 5s '50.

In. AP. Do. 8s '75 Do. 5 Mis '39 I'n Lt.ARy.

SMis'S? Do. 5s '32 ....1 V. 8, Rub. 6Vks '39 Van Swerlng.s'8J Do. old.

Jade Oil Co 60 hemner Radio Corn 7 1 8 1 OV 2 .60 'i .87 02 .03 .911 .75 88 .75 .70 ,50 .60 11 .40 .27 .49 .03 22 10 161 6110 480 S3 100 Klnner A. .46 .89 .80 .01 ll.OS 1 87 .50 .13 ii pfd. '27 Cities Service Coen Co. A Claude N. C.

W'mette 1st pf. Domlngues Oil General Motors NEW YORK, Nov. output' in the United States for the week ended the 14th Inst, totaled 1,623,151,000 kilowatt hours against 1,712,727,000 In the like 1930 week, a decrea.se of 5.2 per cent. Production in the preceding week was oil 5.8 per cent. The figures are supplied weekly by the National Electric Light Association.

Lockheed Aircraft '-i Loew's. Inc. 0 1 80 31 26 2.93 .83 .18 .02 ,01 .07 Ma-heiite Corp Do. pfd 229 105 pf. 1(10 99 7 1.U0 83 8 27 Mi 8.00 .87 98 3.1 25 83 2.30 4'.

I'd 4t Mascot Oil Co Goldman Saehs Halo Pet, Am. So. Cal. Gas .17 .05 ,,10 .02 .02 .02 .01 .02 1.5(1 .02 .85 .02 .02 .03 .03 .02 ,02 .02 .0.1 .02 .14 .12 .02 .02 .08 .03 .05: ,02 .07 .02 .10 Merchants' Pet. Co 18 86 83 9 11 101 1 101 8 101 101 101 Mills Alloy Mnntromery Ward pfd.

6MrS So. Cal. Ed. 7s Do. 6s pfd.

Pf. Mt. Diablo Oil 330 83 45 80 500 hiittfdlilaW-aWljisWtftlkal 25 i.3 86 76 43 44 Nordon Ltd Occidental Pet. eom. Sup.

P. Cem. A Lniv. Cons, Oil. 43 43 43 44 Every plant locatic! in th CentralManufacturing District rt-ceiveintutrat switch, ing strvic rendered by the Lot Angelei Junction Railway.

.25 .22 .28 .25 .01 18 8 .3.65 4 13 6 Oceanic Oil Olinda Land Pac. Indemnity Co. Packard Motors Pae. S.W. Disc.

Liberty Bonds Here Flexibility of ease or Pony Meadows Red Hill Roietta Round Mln, Han Rafael Navase Silver King Silver Pick PImon nmusfler Thomson .01 .03.. .01 .02 .01 .08 Cvtry plant locating hrt is providtd with xpaniion facilikiti. Pltxibility of Itatt or purchai plan if aisurtd, rtgardltss of rat of growth. In th tvtnt of b-normally rapid growfh, inttrchangt. of ilandarei build ingi, may bt 21 5 50 14 6 WO MACY PAYS USUAL DIVIDEND IN STOCK NEW YORK, Nov.

18. R. H. Ma-cy declared today the usual annual stock dividend of 5 per cent In addition to the regular quarterly cash jayment of 75 cents a share, payable February 15 to stockholders of record January 22. Paramount Publix Corp.

Pel. Corn. Am. com Sec. Allied nv.

4 Sesal Lock 7 8', Selected Indus. 57 Do. al actf 3 45 Sentry Con fl Mi KhaMurk Denn. 1 5H Shenandoah 5 l1 Do. pfd 1 ll'U Shrrwln Wms.

SO 4.V Silica Gel. ctf. 8 2Vt Sinser Ltd 2 2 So. Penn. Oil 1 13Mi So.

Nat. Gas 2 i Southland 2 4Mi Stiind. Oil 22 WV Stand. Oil Ky. 1 10 'i Kid.

Oil Ohio pf. as BO 90 Starrett pfd A 4T4T Sunray OH 1 i Swift Co. I 23 Do. Int. 2 31 Syrae.

W. Men. B. 1 4 Tasgart 1 8 Tampa El. 1 31 Technicolor 3 XX, Teck HmtIi 9 4' Tenon I 2 Tob.

At Al. Stks. 1 2'tMt Transront. Air 4 8'Vm Trans. I ux 8 Trl Cnnt.

war. 1 1'fa 28 11 16 3 14 79 83 82 90 80 78 74 Prod. Ltd. 20 20 4 87 Do. Do.

C. E. F. G. Do.

II. I. Ton. North Star.1.. Tom Reed Trinity Gold Purchase Plan Radio Corp Radlo-Xrlth-OrnhRum 10 10 9 2 .63 1 .80 3 00 Rite Ranch Oil Through thii medium four railroads terye plant, at the through -Loi rite.

.03 .03 13 80 65 84 88 90 67 79 76 97 90 67 19. 92 41 4 101 98 77 70 93 78 90 50 5n 100 I Ion Con, Veta Grande Writ End Western Alerter While Caps Samson Corn. "B''. com. Do.

6s pfd 6erurltv Co. Cnlts 93 Is Assured 411, O't (Furnished by Bancamerica Co.) Closa Year etr-lssue. Bid, Asked, auo day First 3H- 100J 100.4 101 29 99.30 First 4Vs 101,1 101.8 102 31 101 Fourth 4 101.12 101.14 103 24 101 10 44S '63 106,16 1O6 20 113 8 100.16 4s '54 102 24 102.30 108 20 103 16 3g '56 101 101.8 1 06 29 90 20 3 47 90S 90 18 103.25 98 28 '40-'41, P0 8 PO18 103.il OR 28 3-8 00. 8 90 18 3 'as '49-'4. 05 16 85 24 95 2 3s '51- 55.

94 94.0 03.S2 TREASURY AND CERTIFICATE NOTES Bid. TO lg Pec. 15, 1031 100 100.1 3'i Dec. 15, 1032 100 4 100 6 TM 2s Mar. 18, 1012 100.1 ion.3 T3 1V.S Sept.

13, 1932 99,13 99.16 87 91 '4 98' 76 68 94 78 96 9 3 0(1 fii 43 SO 34 4 4 16 TUMP COMPANY EXPANDS CHICAGO, Nov. Pump Company in the last three months has opened offices In Los Angolcs, Tulsa and Louisville. The board declared today the regular quarterly dividend of 60 cents a harf on the preferred stock. Trl ftilities 12 13 13 8 17 6 1 17 1 Sierra Trsdlna Co. 8'snal Pel.

Co Sinclair Oil Socony Vac. Corp 80. Cal. Gns 6'vs Standard Oil of N. 6nn Realty com Tidewater Asso.

com. Tranctl. Air Ine 1'nlled Air and Trans. Inited Linen Co. 01 10 (i 13 98 33 .25 8 av 13 15 a 2 i 3 Incorporated CALIFORNIA Central District, 10s ANGCLCS MEET AGAIN POSTPONED NEW YORK, Nov.

Loril-lard Company'e adjourned annual meeting which waa to be held tomorrow will be further postponed until Friday, the 27th Inst. 93 Mj 78 99 Tuhlie Ch. 7 8 Ms Tung Sol 1 57 tnit. Corp. 1- 4 I nit.

I.I. Mrv. 4 4H nit. Foundera 11 8 t) 80 it! A..