The San Francisco Examiner from San Francisco, California • 25

FORBES WTtcss 11 1 vm 111 111 1 1 wrist WEDNESDAY 25 WEDNESDAY Public Mood Critical. Bankers Under Fire. SAN FRANCISCO, NOVEMBER 8. 1933 Adequate Currency Urged. SAN FRANCISCO STOCK EXCHANGE I Many Views Aired.

cloth ton HEAVY BUYING -7 B. C. FORBES SOUTH FIHSI 10 BENEFIT Nf Following is the official list of transactions on the San Francisco Cleveland Trust Co. Solves Problem of Repossessed Homes Mock Exchange yesterday: 1933 Rge. High Low Sales High) Low Close Stock Calamba Sugar com 8 11 12 do 7 Bfd California Ink 'A' com Ai Ai Ai PROGRAM Caterpillar Tractor 24 22 29 "i 43 43 61 7iCrown Zellerbach pf A 7 do pfd 2i 'Emporium Capwell IT COLD SIP Retailers Forced to Reorder as Result of Unexpected Demand for the More Popular Models 84 'j Firemen's Fund Ins Co 30 IS I Home Fire Mar.

Ins NEW YORK, Nov. Into how the publlc'i mind Is working are always illuminating. So much that is out of the ordinary in happening that an unusual number of readers are giving expression to their sentiments. Criticism outweighs commendations; but there is less criticism of the NRA and other authorities (although this is Increasing) than of bankers and others of the employing classes. Brief extracts from letters addressed to this writer follow, without comment: J.

T. Holleman, president, Southern Mortgage Company: "I have frequently seen the statement made that one reason why bank- 1 Magnavox Closing Div. Bid Ask Rate "2TT2 L6 19 20 140 17 19 2.00 20 20 27 27 150 27 27 1.50 8 44 45 3.00 23 28 2.00 67 67 8.00 20 20 1.50 21 21 150 18 19 1.37 77 78 6.00 5 6 5 7 150 40 41 1.00 9 9...... 5 5 19 19 1.00 30 31 197 1201 13.00 Higher Wages in Tobacco and Cotton Districts Increase Buying Power of Masses 78'A 15 INatomas Company Federal Estimates of Corn and Barley Needs After Repeal Help to Strengthen Market Lombard St. Not Impressed by U.S.

Gold Purchases 100 22 22H 4 100 20 Vi, 2C4 20 '4 100 18 18 18 500 204 19 55 27 274 27 20 27 27 27 100 5 54 5 25 44 44 44 100 27 27 27 1000 10 68 68 68 700 20 19 20 700 21 2Q 21 100 184 184 18 20 77 77 77 100 5 5 6 600 5 6 5 200 41 40 40 200 9 9 9 1200 5 5 5 100 19 19 19 200 31 31 31 50 200 200 200 32 17 Pacific Gas ft Elec cm 25 201 do 6 1st pfd 18 do 5tt 1st pfd Fixing Up Property Found to Be Best Expedient By CARL C. WAKEFIELD Financial Editor, The Examiner. Several months ago The Examiner reported that a constructive program was being worked out in 93 76 Pac LlghUng $6 Div pf 6. 2 Roos Bros com 8 4 4itSou Pac G. G.

Co 'A' 44 20 Istandard Oil of Calif ll1. 3Tlde Wat A. Oil com. 9'4 4's Transamorica Corp 231 9', 'Union Oil of Calif By MERKYLE S. RUKEYSER NEW YORK, Nov.

the South! Thus far, It appears to have obtained more benefit from the Roosevelt economic program than other sections of the country. This difference is partly ascrlb-able to the course of the sun. The By JOHN M. MORAHAN. NEW YORK, Nov.

cold spell which struck New York over the week-end was reported to have brought a marked pickup in retail activity In out-of-town centers, reaching the metropolitan area too late to improve week-end rales, but creating a more optimistic outlook for this week's sales if the cold weather holds. CHICAGO, Nov. 7. (AP) Rye became a center of Board of Trade Interest late today, advancing 11 cents a bushel and helping to pull other gtains out of declines. An outburst of buying In the rye pit was associated with belief that prohibition repeal would be realized through today's voting in various States.

Helping to rally prices was an 48 17 lUnlted Air 4 Tr Corp! a major California city which 220 165 tWells Fargo BAUn Tr tronuociirmaStnrkH sales. 8.692 shares: value. $130,210, would tend to Improve realty value. The clan, in brief, called for elim Previous day Stocks, sales, 11,076 shares; value, bonds, $2,000. ination of "foreclosure" signs on re INACTIVE CLOSING QCOTATIOXS.

By WYLIE KING. (London Financial Times.) LONDON, Nov. 7. Dollars and francs continued their Dervish dance as the market opened hesitatingly, but traders cheered up when exchanges proved steadier, partly as a result of the New York holiday. Nevertheless, business was limited, with operators in securities and commodities as nervous as kittens over Incurring forward com Ask Bid.

agricultural adjustment administra TtidU 65 4 estimate from the Government Bureau of Agricultural Economic Honolulu Flant Rainier PP 16 Itooa Rros Oft SJ LP 7s prpf 75 7 8 possessed properties, and the fixing up of distressed houses before offering them for re-gale. The project which called for cooperative action on the part of banks, other lenders on homes, and real estate acents. has not been that farmers might have an additional market for 20,000,000 bushels Hunt Bros Hutchinson Rue. Investors Assoc. Jantsn Knitting Lsngendort do 6s pr ptd.

Schleainger 13 of corn and 55,000,000 bushels of do pfd Shell Inlon Oil. .8 3 do a LslEhtoa A barley when prohibition was ended. do D1I Stirrnn Civ ornf 70 do Vtc ISierr Kleo nfd. Leslie Cal Salt. carried out, to the writer's knowl tion, under the able leadership of George N.

Peek, had to deal with new crops as the seasons developed. Thus far, the best achievements have been for cotton and tobacco, which loom largely in the economy of the South. Furthermore, the fixing of minimum wages under the codes tend to raise wages in the South more than elsewhere. In the North, 15 80 iS '4 135 4H 3 6 70 64 17 18 mitments without simultaneously Ask.l nVt 10 8 8 12 4 6 85 11 6 714 'I 80 53 18 a lit Socony Vacuum. DrfiOB 4 18 85 4 8(i 00 13 5H 10 81 V4 5 5Hi 54 18Vs a Rye closed strong at the day's high point, 1 to IVj cents above yesterday's finish, wheat off to up, corn V7 down, and oats at hedging the currency risks.

South Pacific. 1H r.f.,t Vallev. 4 The war debts situation aroused Bid. 8T0CK8. Alaska Juneau.

25 Alaska Vackers. 60 Anulo Cal Hank Ab.hoo Ins Fund. 1 Associated Oil S8 At Is a Mead A. 3 Hank of t'al ..120 li Hond a Shire. 4 Rynm Jackson.

3 Calaveras Cmut 1 do 7s 35 Cal Copper Cal Onttn Mills 6 Cal Or Pr 7s of Cal lackln Cal Wtr Srr vt 68 1 Cal Sts Llfu. 10 do l'l Clorox Chemlcsl 18H Cat 1st t-f. 61 i Con 4'hem IndA 23 Ciwker Hank. .200 Crn Zell vtc 4 El Dorado Oil 20 Is Firmns Fnfl Jndi 20 First Natl Port. 13 Foocl Msch 11 Foster Kllsr.

21 LA tlftE Pfd Lyons MagnusA 9 do 414 Magnin Co 6Vt do 6a pfd 60 March Cal Men. 1 Mkt Ft Rv prof Mere Rltv 6apf 75 'i Telephon Invst. 20 wk .11, a 8 V. little comment It is presumed that Tldswatsr Oil pf 55 the exchange stabilization fund has (II) Aaaaeiatril Tress.) already acquired the gold, alterna Union sugar do pfd 16 Weill Co Pfd. CO Am lUt 18 tively the dollars, necessary to make Am Fin Ptd.

West Pipe4Stl. 10 Yellow Cb 2 14 illir. tune Oil HS3.Y103V4 do fls pl do 6Ua ptd. Am Oil 4ccli1entnl Ins. Oliver Filters A do Paauhau Sugar.

Pac Llahtlnr Pb 8rv n-yot. do 1st nfd 14 7 SH 6 27 65 25 220 4 23 Vi 16 l't -'14 37 71 Cal Or Pr 0f42 Em Cap J. 07 tirt Pr 5s46. 68 100 P6' 27 3 l.ngdrf n4i. Mill.r T.ur Hs45 57 WHEAT.

Open. Hitih. Close. .80 .80 .84 8H .87 .854 .80 .84 .88 cons. .40 '4 A4 45 .52 .501 .51 .63 53V 62 Wt OATS.

.33 .3:1 .33 .30 .35 Vt .34 BTE. .56 .50 .55 .03 .01 .03 .01 .02 .02 BAKLKT. .45 .40 It 43 ,41 .50 .52 .62 .63 .63 .6.1 .63 Option Pecember May July December May July December May July December May July December May July Oalland Lndry. a 78 103 a 14 Hm raff Ins 6s35. 00 81 106 28 Uen Paint A 6 Pac TelATel do pfd Paraffins 82 EAR VO edge.

But the Idea is being used in the Middle West, and with success. TRIED IX MID-WEST. What the Cleveland Trust Company Is doing might well be followed by other Institutions. W. F.

Finlay, vice president of the Cleveland Trust Co, In an interview appearing In the Burroughs Clearing House, 'points out that, while the bank Is doing all it can to avoid foreclosure actions, nevertheless at times, they are necessary. What then Is to be done? On this he says: "There are two ways of meeting the problem of repossessed home. One Is to regard It 'as a tragedy, and to make no effort to remove the traces of former (Ownership, but to sell It as cheaply and as quickly as possible. "The other Is to regard It as an opportunity to stabilize values, not Vn. la nr.

will lit 1 6 7 1 6U 10 '4 48 It be closed Saturday. Nov. II, Haw. do Colden Stats 5 It Haiku Vina 14 do Pfd .1 Hals Bros Slra 8S Haw Coml.Sug. 45 Honolulu Oil 13 Phillips Pets Plan Whistle pf F.R 1st Dfd.

do pfd se.r 1 do pfd ser 2. do pfd the token payment. However, the presumption that the amount shipped will be replaced helps to explain why the dollar was only 2 cents cheaper, at $4.91, although the theoretical value, with gold in the United States at $32.84, is at least $3 to the pound. Lombard Street was not Impressed by the United States' initial gold purchases through the Guaranty Trust, but expects an early announcement that the United States is prepared to accept all foreign gold tendered. One Pails bank is reported to have arranged a large test shipment as a speculative operation.

Copyright. 11133. Mi-Naught Syndicate, Inc. 2 5 1 ikciiiday in too Stnto of Call- I forms. Provisions, San Francisco Curb Exchange LAKli.

..5.30 6.30 ..5.02 6. 05 .0.40 0.40 HEI.L1KS ..4 75 4.:5 ..6.37 u.37 6 30 6H 5 6.40 4 75 6 37 December May lecmhr January 5 30 6.H0 40 4.75 5.37 Following is the official list of transactions on the San Francisco many employers were already above the stated minima, and the effect was chiefly in the direction of spreading the work. These benefits to the South have already been observed In reports to nationwide distributing organizations, which are represented south of the Mason and Dixon line. The course of the seasons, affecting crops, helps to explain why political discontent Is hot In the Middle West in the corn-hog belt, rather than in the South. My conversations with agricultural experts In the Federal service, however, indicate that the Middle West will soon begin to feel some of the benefit.

Checks to farmers for reduction of wheat acreage will soon be mailed out, and the corn crop loans will start to go out after the turn of the year. Incidentally, these payments for acreage reduction and for similar purposes under the Farm Act arc highly rcflatlonary in character. They offer a channel for distributing purchasing power. (Copyright 1033. Universal Inc.) Germany Bars Bonds era do not lend more freely in that they fear Inflation, that they cannot afford to make a loan when there Is great danger inflation will be adopted before the loan matures, and that It will be repaid In depreciated dollars.

Would not the Name fate overtake the money if the loan were not made, and the money remained in the bank? Indeed, would It not be better to make the loan, since the money would draw interest, while, If not loaned, It would still be deflated?" Luther R. Stein, vice president, Belknap Hardware A Manufacturing Company: "Merchants throughout the country have more frocen assets In the way of notes and accounts than all thn failed hanks. If these frosen asset could be thawed out. It would be a tremendous stride towards recovery. Our President should be prevailed upon to Issue a proclamation to our people to pay their debts." N.

I Holmes: "If employes were allowed to vote secretly without any danger of losing their bread and butter, they would probably not vote very solidly for gratitude toward employers. All 'practical' business men have as one of their main maxims, there can be no sentiment In So, why should employes have sentiment?" Frank A. Baxter: "The unwillingness of the moneyed powers to make available an 'adequate currency as promised by the President, will before very long produce a condition that cannot be controlled. The shortsighted, narrow-minded, close-fisted financier, who belittles the struggling effort of the American citizen to maintain his independence and own his home, charges him 6 to 8 per cent for a first mortgage, If be lets him have It at all, plus a fee of 3 per cent. "Let us have an "adequate currency' for all of the people." Edna Llkle: "McKinley, In ringing words, said: The money of the country should be as national as its flag, as sacred as the national honor, and as sound as the Government This Is the kind of money which it Is the paramount Interest of every citizen of this country, no matter to what political party he may he-long, to want to maintain and continue." The President's lot cannot well I Div.

Closing Curb Exchange yesterday: 1933 Rge. High! Low Stuck Ask I Kate Bid 134 86 Ms I American Tel Tel. .301 18001 .481 .21 American Toll Bridge. 114 i 9.00 .30 6 24 4.751 20 Retail business generally Inst week was extremely quiet and the wholesale market was reported almost at a standstill because the continued slack volume has left retailers generally with fairly well stocked shelves. COATS LEAD VOLUME.

The only demand of any considerable volume reported last week was in coat lines, which met with a good call from consumers, with consequent reordering from the manufacturers. The volume of reorders has made considerable inroads on manufac- turers' stocks and some of the more popular models have been reported as sold out Considerable of the demand was reported in the cloth coat lines In the popular price range which was understood to have been obtained from the producers at sharp con- 1 cessions. Concessions are expected to enable retailers to launch largs scale promotional sales in cloth coats in the retail range of 329.50 to $49.50, offering good values. JACKET DEMAND STRONGER. One of the outstanding features of last week's orders, according to numerous buying reports, Was tha increasingly popular call for Jack- ets, lapln and sealine, with I he white bunny Jacket apparently in- creasing In vogue.

The beginning of the formal season has resulted in a stronger call for this type of wrap to go with evening gowns, with the major por tion of the demand still centered id the popular price range. Among bunny Jackets the 22-inch length In the retail range of around $20 seems to be most popular, while the lapin jacket in black and colors to sell at retail from $25 to $40 reported going good. Sunset Pacific Oil Terms Are Accepted The Associated Oil Company announced yesterday it had accepted terms offered by F. H. Rolapp, receiver of Sunset Pacific Oil Company, for reorganization of Sunset Pacific and affiliated companies.

Stockholders and creditors of tho Sunset Pacific Company will pass on the program, and final approval must come from the Federal Court, before which receivership proceedings are pending. The feature of' the plan Is an agreement by the Associated Oil Company, a principal creditor of Sunset Pacific, to reduce claims of some $14,000,000 to approximately $5,000,000. rhlrsco Spot (iruln. CHICAGO. Nov.

7.4A1') Wheat No. 1 red. 85c: No. li red, No. 2 hard.

85tc: No. 3 mixed. 84 He. 4irn No. mixed.

44c: No, 2 yellow. 44 6 45c: No. 3 yellow. 43 'c; No. 'i while.

44 45c. New corn No, 4 mixed. 30c: No 3 yellow. 40i 41 "Ac: No. 3 white.

42c. Onx No. 2 white, S4 034kr: No. 3 white. 33 3414 c.

No rve. Harley. 43 W74c. Timotliysoed. J5.604I 0 t'lover-md.

llO.oOW 13 cwt. 65 6 8 35 a 214! 29 I 15 2ST4I 18 166 1100 100 10 ,40 only of properties the bank owns or controls, but adjacent properties as well, with a wholesome effect on realty throughout the community. "We do not seek to make an Immediate profit and we never hesitate to spend money on a house before selling It, no matter what the 3 lAnglo National Corp. 2 'Cities Service Edwards Dental 10 General Motors Petroleum com. .341 do pfd ISM 'Montgomery Ward Eastern Corp 19a Pacific Mutual 1.25 Pineapple Holding 1.10 .30 .301 .27 4.00 4.00 3.50 2tt 2V4 2'i 5V4 54 ik 28 28 28 .15 .15 .55 .55 .55 18 18 18 1 1 1H 23 23 21V.

7 7 7 16 16'4 16 18, 18V4 18s 15 15 15 ,55 1 225i .18 19.V 234 19 Liverpool. LIVERPOOL, Nov. 7. (AIM Spot wheat: Western Auatislia. 4a KM: No.

2 Manitoba. 6a 4d: No. 4 Manitoba. 5a l'ld: Konafe. 4s 7d.

Futures: December. March. OlllnC: May, IKx-chance H.Vi.) 351 23 85i 7 28 30 10 22 24 16 100 1.50 1.50 16'VSou Calif Edis 54 pfl property stands us." PROPERTY APPRAISED. 200 16 1001 18 75 15 Orders Pour In for New Road Machinery How the Government highway building and public works program is reflected in increased business is Indicated by R. G.

Le Tourneau, president of K. G. Le Tourneau, of Stockton, manufacturers of heavy earth-moving equipment. He says: "We are far behind our orders. Last week we received ten or-orders from Honolulu for three of our twelve-yard ecrajers and other equipment; another for scrapers and other equipment from Sacramento, and a third for scrapers and other equipment for Mexico.

We are working double shifts and are two weeks behind 18 li I do 67c pfd McKee 'A' He points out that when the 'totals yesterday Shares, market, $15,909. mortgagor becomes delinquent In 811 Francisco t.rsln slarkrt CALL HOAlili Thrrs noi 110 sales, bids or offers vcstenbiv. CORN No. a vcllow oulk. ten oaya.

11H1111: No. 'i yellow, NoveuiUr, 4ij24f 1.13. JATS California red teed. San Francisco. CiilKornia nd sect.

INACTIVE CI.08INO his payments the bank's appraisers In Payment for Goods BERLIN, Nov. 7. (Universal Service Special Cable.) German Ask. Ask. :i.05 Bid.

Idaho Msryliind 60 make a careful inspection of the premises, and report in detail what needs to be done and the approximate cost Bid. 5 10 4 44 10 Kinner Ali'AMlr 84 Ask 25c 05(i 40c 4 aio 3 Sunset MrKB, Sunr Cmnt A do Title Urnty pfd. Treadwl Yukon. 8 t'etroloum, 8 Steel Cnlvermi Oil K'elher Lllihy M.IAMM Oil Msrine pancrp Monolith Cmt uf Natl Kil'ers vtc. The home owner is called in, and S.lc 3 3 54 urged to repair the building and 70o 3 6c 10 5 4 A 54 2.1 55c 5 '7 4 4" '4 5 74 87 SO Virden Psi kl-ig.

45 do clean up the yard, the bank often Clahu Husar Walalua Agrh-l. Wailiikn Sugar. est Life Ins 80c Ocs idcntal Pete. 610 increasing its loan by an amount sufficient to purchase the needed 85o (1 Connor Mnfat, CNiomea 8ugir. 81 INFORMAL SKSStON Am Radiator 11 material.

Pac Am I'iahra Pac Associates. Barnsdall 8 4 Erie KR 14 If foreclosure becomes necessary, Bid. STOCKS. Alaska 6c Alnsk l'ac 8ulm Abulia Treadwl. Tie Alaska United.

5c Argcinant 3H Alias Illeael 14 Aviation of 1VI. 7 Cal Art TOcA. lis Cal dr Pr Osnf. 30 do 0s 30 Cal l'ac 10c dn yfil 3 50 Cila 2.25 Cliryslcr Corn 40 4 Neon Lights. 05c Neon of Del.

714 C.ien A 1 Crn Will 1st tf 40 Dnmingues (ill 15 linmlinriiin Hi'g. "0c Kiherbrd ir i.f. Ill Fnstr Klcr nf. 36 Cladding MrBn. 4 Oucrcnheiin nfd 63 Hawaiian Sugar 30 tlnhhs Hatrv H.

Hcilland 6 Hollv Ilevelcip. 30c Holly Oil 50c Houokaa Sugar, 1.35 Magnin Co. to Open Twelfth Branch I. Magnin one of San Fran ii 44 6T4 Pac Cmnt. l'ac West Oil.

15 4 4.i 4 (fen Foods 3.) Ttev Toh Radio Corn Am San Franc isco. i 511 Fedeml-Mate Market Ths Fsileial-lstato UaiKet Ntws Scrvlcs reports: BARLEY Local: No. 1 feed ItOc: choice. f5'll7Vtc: sradinit. shlpulnt.

1.15: choice mailing tvties, nominal. li A No. 1 har.l white $1 1.35: soft heat. $1 27'130; Heavy doclcace. $1 .25.

Millleed. Northern (baesivl oer ton) Standard millrun. $16: whit. white bran. middlings $20621.

shoris. $18 504 111; Inlermounlaln red mill run. S17U17 50: blended millrun $17 50. white millrun $18. Montana red bran ID: millrun.

nominal. Local standard millrun. white millrun. $18; midillinits. $,23: bran $10: shorts $10; low srarte.

$24' Kansas t'ltv bran, $23.50. (iraln lines. Calcutta Spot. 8Vc asked: Calcutta bags (June, July). Nltc asked: San ttilcn-tin.

6c. Alfalrs. No. 1 choice alfalfa No. 1 dairy, $1001050; No.

2 dairy. $0.60 tt 10. Flour. Local flour companies Quote AI family flour it $7.30 a barrel. This pries Includes tho Federal processing tax.

then the bank makes the improvements before offering the property for sale. Finley adds: Meuuhlic teto. Nstlce Tills richange ill cisco's leading department stores, is 25c 4.00 4. 41 "4 76c 8H v. 47 21 38 (i 14 40 25o 45c he closed Saturday, Nov.

II. tun. Arnktire Day. a lei il "Due largely to this procedure. In Riverside A S.t IJtV A pfd, SchuinRCher do pfd Sears Point Imllduy In the Slats of t'all- 44 7 i4 34 SO 4 144 10Ai 22 7 7 10 80 2 4 '2 28 144 174 224 4.14 fnrnls.

the exceptionally bad year of 1932 our real estate department sold BONUS. continuing its program of expansion. With eleven shops strategically located on the Pacific Coast, the company announces that, effective December 1, it will open an Sec Ntl Hk LA. Shasta ahout half the property acquired at Cal Edison. do 7s rfd exporters will not be allowed to accept German gold mortgage bonds from foreign purchasers for payment of goods, Minister of Economics Schmitt announced today.

He pointed out that such a pro-' cedure would be contrary to existing foreign exchange regulations. The government explains its stand as that of protecting domestic capital markets, preventing foreigners from taking advantage of the difference in foreign and domestic quotations, which in some cases vary as much as 40 per cent. Schmitt emphasized again the importance of scrip in the German exporters' interests. Hawaiian Pineapple Shipments Increase Canned pineapple shipments from Hawaii for the tea months ended October 31 totaled 8,038,604 cases, as against 6,419,224 cases for the first ten months of 1932, according to advices received by local brokerage offices yesterday from Honolulu. Shipments for October amounted to 698,423 cases, compared with 525,224 cases for October a year ago.

Calamh St 0114 i9 Cstnlr Tr 6s5. 00 Miller Lilt s45 0 do 7s.15 45 Cal Kd 6s W. lufl be a happy one these days of a loss of less than 4 per cent This SCalOaa B4spf 80 additional shop in El Mirador Hotel, year we will do much better." strongly conflicting opinions, emotions, agitation. SP Oil fls pfj. Stand Oil J.

42 I's-Stl 035.11HJ Palm Springs. (Copyright. 1033. by B. C.

Forbes.) Poultry and Game Bank Notes, Coins San Francisco Mining Exchange 9 The Federal-Stata Market Xr Ren-ir Fruits, Berries Butter, Eggs, Cheese quotps: Livestock Market SALES (Current llujln Ratea Corrected Pally by 1le Rank America, T. S. Hiisln Priff (Uvr). F. 0.

R. San Krunrlsm. URN'S T.pbnrna nil u.atea quoted per 1IKI unit). The Federal State Market News Service I quotes: 6 lbs- 14 5'lba and over Trnd ne was moderate, with most llnea xi nr. The Federal Siai Market News and Uradiiw Service ouotes the San t'rancJaco wholesale market of yesterday: KI'TTKU i'er oound 02 score 01 score OO score 21o CHKK'SE Per nound Tchnrn 1 IB IK.

I In liheral sumily and prices about steadv. APPLES moved slowly, with Watsonville Kewtowna at 76 85c. best $11.10 per FORMAL SKFSION. -1000 Itelmont Dsborn. 00 1500 Divide 12; INFORMAL SESSION.

2000 lliniint 4000 Belmont 07, 4000 Chullsr Fxten 07 1 050 Con Chollar .,8.174 10110 Doulile 03 dojnn. l(iiU l7c: la to 26 lbs aer dozen. 15 S7 .18 04 01 07 5 .10 03 50 08 05 oo P2 14 (l'J no 800 do 600 do 200 do 10O0 Simon 2000 Verdi 6000 West Xllnes 3100 do 600 White Oars 1000 Tuha Sierra 1000 do 1000 High 4000 Jumbo Exten llOOKclsrv 1000 Keystone 80(81 Lucky Urlke 2050 do 500Ophlr 1000 Round Mtn 6000 San Rafael 600 Sonora Stand .444 4 44 I box. Belief leur brouirht 05lf7ftc. Sonoma 1U nr.

FKYEIiS I.echnrn nvor Ik. I County Rome Feauty. Parked California fancy flats I boxes Watsonvllle. Newtowna. fanev.fl.U5 Ctosdder type triplets 13o colored, up to 3 lbs.

13 614c JIOASTEHS Colored. 3 to 4 Iba, 14c: over 4 lbs. 14c. I 1.3a: Washlncton Homes. 100s and 1000 Cold Leilco 18 Notes.

Cold. Silver. Australia 3S1.00 150.00 Belgium 1H.00 Carada PR. 50 07.511 75 00 Denmark 21.50 25. 5l 11.00 Kneland 482.00 220.00 Franca 5.05 18.50 Oermar.y 31.00 22.75 17 00 nreece 18.0(1 Holland 61.75 HN.50 25.00 Italy 8.00 18.50 Jaian 47.0(1 12,50 Mexico 48.00 25.00 New Zealand 381.410 Norway 21.20 C.Y50 11.00 Vhilipnine Mands :0 ,10 Scotland 4S.VU0 Spain 12.70 18.50 0 0(1 Sweden 24.00 25.50 11.00 Switzerland 20.75 18.50 12.00 South San Francisco 14 Noon The Federal Stale Marketing News Service quotes: HOGS Receipts.

500. Inrliidlns 400 direct. About steady; few 173 lb Cnllfor-niaa, $5:15. top; packaue 177 lbs. $505: good 140 to 100 lb linht liiihta.

$4.00: few 120 lb slaughter pias. packing sows quotable $3.25 down. CATTLE Receipts. 475. Including 60 direct.

Partial clearance alauahter steers and she stock about steady; plain killers and atockcTs in first hands at noun: over 1.1(81 lb sters not numerous, irrcater mr-tion run under 1.070 Hi urass steers: wv-ernl cms medium 770 to 1.032 lb Idaho and Oregon steers. $4 .26 0' 4.60: old head and load 1,005 lb Ciilifornias, $3.75 W'4; load 852 Hi Brass heifers. car 073 lb Holdover Nevada cows. $2.75: dairy Ilarper. fanry, fl.3nOl.40, extra fanry S1.6()91.0: Poitaenbiires.

KKls to CLOSING QUOTATIONS extra fancy. fl.B0Wl.05: Delicious. 100s Innd larcer. Sl.7nttl.lv: Newlnwns. extra Bid.

Ifiniov, $1.051 Jona'hans. 100s to fancy, fl.10fel.26. extra fancy ltl.Sfi01.4e. Face and fill Delicious. ItOOSTERS fic; colored, 8c IUTKH, HtfMOc PKTKONS I'er dni, all sizes SQI-Ans All alaea.

lb. OOMK.STie AMBITS Fnder 5 iba, Kir; lbs and over. 4 05c. TI'RKEYS Young- torn, under 17 lhr. 81r52c: over 17 lbs young hens, 21ff2Cc: old hens.

18 10c. Prices til Retailer (Live). HENS Leghorns, all nines, 14lSe: colored, under ft lha ltiMn a ik- 75cM.10. AVOCADOS were In lluht supply, but I found limited demand. Southern California Kuertea brouirht n.05 per flat Puebloa LCtiS Per doun twhcscsal orices un retail crnciesV IT.

S. extrss, large 29 "4e 11 8 extras medium 21 Ho (1. 8. extras, small 15' Price tn reiaiieis per case: Large Medium 22r2Ho Small Quotations on eees tn the retail trade Issued by ths Poultry Producers of Ctntral California follow: Large eggs in cases Sla Medium In cases ,4.. 2So Small 18o ViMtniions furnished to the retail tracts by Nye A Nisson.

are as follows: Best larga. in cartons ilia second grade, large, tn cartons 2 To Medium 23o Small 18a Dickinsons fC.H5l83.7r: fancv tyiie practically off market; bulls, wenk to 25c lower, built medium to low good. $2.75 narked Fuertea SS.50W3.7ft. Dickinson 02 04 00 07 05 13 08 3. Loose Fuertea mostly 25c lb.

over. 17 18c. CALVES Receipts. 10. Nominally BANANAS were firm, with Central BANKERS ACCEPTANCES.

(By American Securities Company.) Bid. Ask. 1 to AO daya i 91 to 120 days 121 to 180 days American at 44V4e lb. Hawaiian 4 steady. SHEEP Receipts.

2 650. Falrlv active I r'c. Byron Jackson Deficit Is Reduced Byron Jackson Company, oil well equipment dealers, reports net profit for the third quarter of $1,123, contrasted with net loss of $4,053 in the previous quarter, and net loss of $44,332 in the third quarter of 1932. For the nine months the company shows a net loss of $49,093 against $143,543 for the same period last year. Pontile Kmnrees Falcon Genii Con Cilant Mines Oynay Queen Ooleonda OolrtfieW Con Cold Ledge Cold Metrls Cold Reef Gold Shares Cold Zone Oruss Hercules Mluea High Divide Idaho Maryland.

Indian Jnc Walle Jumbo Exten Kelscy Keystone Lucky Strike BERRIES were In litrht suooly. but lambs mostly steady: bulk good choice OS) to 82 lh wooled lamba. $0. 500.75. latter Bid.

Ask.l Bid. Ask. 02 Pacific Butte 02 60 55'Ponv Mesdoevfl. 01 02 05 Hill 01 07 l.llRosetta 02 04 02 1 Round Mtn. 14 15 02 San Rafael 02 3tS 40 Silver Kin 02 Oil 20 22 Simon 05 17 18 Smuggler 08 00 01 12 Sonora Stand.ird 55 40 02 Thomson 01 02 10 12 Ton North Star.

01 02 01 02 Trinity Cold Bar 10 05 t'nlon Con 12 15 0B Vera Mine 04 01 02 Verdi 01 02 .3.60 4.00 Veta Orande G. 01 02 02 West End 13 18 20 25' West End Extn 01 02 02 04 Western Merger. 02 40 68 West Mines 10 07 08 White Csps 05 00 05 0 Wllron Reo 02 05 02 Yuba Sierra :15 37 02 UNLISTED. 35 45 Belmont 20 10 Tonopah Mining. 85 A sit.

i 02 02 02 1 041 02 05 07 10 iii so 05 02 02 02 il2 P2 75 80 08 10 15 00 2.20 04 top on one deck, most decks carrvinc low I found limited demand. Nick Ohmer Straw-berries broiurht 85c SI crate, with few hiirher: fair quality 50000c. Banner, best. 76cSSl. Rasnberrles fair qual- 15 medium ends sorted out at $1.

ppr cwt less: two decks 73 lb wooled. $0,25. T-ondon Money Market. LONDON, Nov. 7.

(AP) Money per cent. Discount rates: Short terra bills, 15-18; threa months' bills. 16-104; 1 per cer.t. sorted; bulk good shorn and "medium lltv AOtDOOc. noor 20W30c ackberries Acme Aladdin Alio Amador Aiiex Bdmont Metals.

Belmont shorn. Best ft Big Jim Black Bear Black Mammoth Blue Rldse Mid. Booth Broken Hills Brnuffher Bun Hill ft Sull, Butler Gold Calumet Carrie Central F.ureaa. do pfd Chnllar Exlen Comstock 1 It. ComMock Key Comstock Cons Chnllar Concordia Cuns Cold Ming.

Con Virginia Cory Mines Davrock Divide Divide Annev Divide Kxten litvlilend 40 50c. ORANBKHRTeS found moderate demand. wooled" 68 to 80 lbs. sorted good choice, weluhty ewes. S2.50.

Chleaen. CHICAOO. Nov. 7. (AP) (V.

S. Men! NKW YORK. Nov. 7. Ps-ifle Cotst fancy.

40r41c; standards, .14 i mediums. 2528c; puliets. 20421 it: refrigerator, larce. Hennery best, standards. 34c; lower grades.

23ti20e: brown, special pack. while medium. 24 28c: brown standards. 25 "tic. I with Cane Cod 25-lb boxes of late Howe at J2.062.75.

and early Blacks J2.40W Bank Clearings I.SO on best, and on ordinary. FIGS were drauiry. with most stock of BROILKKS tKhorn. 13 to 18 Iba per dpj. 181819c: 19 to 8 lu dox.

17 18c. FRTERS Lechorn. over 2 Iba, 17c-colored. oi to 3 Iba. ROASTERS Colored, 3Va to 4 Iba, 10c; over 4 lha.

Ilk. ROOSTERS Old Leghorns, 8c: colored, 10c. jiPCKS Nominal. PIGEONS. $1.2591.50.

SQI'ABS. 23i'24c. POalKSTIC RABBITS l'nder 5 Iba. 10 6'l'c; 5 lbs and over. ()m.

TfRKEVS (dreaeell Younir toma, un-der 17 Iba, 2324c: over 17 Iba. 24 26c; yours hens, 2324c; old heng. 20fe21c Quotations on freshly killed nonltry to rrtnil dislrihiitora by Poultry Producers of Central California are as follows: Fancy broilera, l'J to lfl lbs, per doi. Fam-y broilera, 17 to 2(1 Iba. per doi.

Fancy fryers, 21 to 23 lha per 24c Fancy fryers. 24 to 30 lha per Fancy fowl, white, all aires Fancy fowl, colored, all alites 21c Manhatian Con. San Franelsco Manhattan Oolcl. 01 S-'ifl 01 10 70 70 00 12 10 54 3.15 02 04 2.1 00 80 1 1 01 02 01 Los Angeles Stocks Ioonr onallty. Modesto and Sonoma Black Missions, In Slaver flats, brouirht 40 50c.

few best 75C85c and noor 15 iff 2 5c. Mexican CHICAC.O MKKCANTII FXOH ANOR. (f urnished by K. A. i'lfcKt t.

4 CO.) Options. Open, il'i-'li. Low. Clcsa, lire Futures. GRAPKS were In moderate supply, nnfl 5,847,600 2.687(M! 2,432,900 18,501,100 Furnished by UKAN WITTER ft CO.

Oakland (debits) Seattle Portland Los Angeles (debits) Agr.) HOUS Receipts. 15.000; active, Tully 15c hlirher: top. $1.55: occasinrml sales, UN0-34O lb, hows, 3.05. CATTLE Receipts, 7.000: general undertone better, wenenilly strong to 15o hUher; several loads well finished l.OOO-1.050 lb yearlings, light heifers. best sieera with wciclit.

5.40: few cows acti at $2.75 6 3.50; veaiers, $5w 6. SHEEP Receipts, 10,000: Inmbs slow, unevenly steady to 15c hlirher: be.t hhls, I the market shout steady. San Joaouin Valley Muscats hroucht OOfiHioc per lna ITIrrs at mhlch the fol-ktuinc companies are an thorirert by the Camnii- ShIcs! Storks Mirabel Myra New Ch I Ton New Sutherland. North Pildo Ex Ohra Mines Operator Ophlr Ion fancy, with fair- ualitv 35t50o Tnknva SOfflliOc. ordinary 35 ft 40c.

Malagas 35i40r, ttll.ier few Ode. .10 .10 December .20 January 2II1. .20 Butter Fattirr. November .101 December il' .10 Vi .17 January .10 .16 .184 Moner of t'nrnoraticns to sell stork: OOe: KeKct. Cory Alines.

10c Obra Mines. 8c. Seedless were scarce, with best r)5i6c. 05 02 22 .17 A'llasAEI pfd lliioipac rinance Co 100 Par GssiKl com 2(MI do 0s Rrt'Piu. Mntiiol tfc Chicago Stock Market Ifew hisher and ordinary 40(1) 50c GRAPEFRUIT was elijrhtly weaker, with 100'Sec First Nctl Rk I Imperial and Arlssonn Yuma-Jlesa.

fancy narked 80s to Kills, at S2 per bnn. Choice 80s to 100s f2. 2382.50. few f2.i0. most early trading, practic-ally no ranee lambs sold; sheep and yearlings strong to 25c higher; best year-lines.

$5.50: bulk fat ewes. feeding lambs around steady; bulk $0.30 upward. CHICAGO, Nov. 7. (AP) Followlne is ths complete oflicisl list of transactions In stocks on the Chicaso Stock Exchange today: Bank Stocks Dressed Meats Hawaiian Sugar T.KMONS were steady, with fancy packed Oil.

60'Calif Hank. SolVOhrrsler 1 iUVr-nnenlMatc,) Oil OirOUETlTOmi I lllirh I Low I Close. '285 '285 "85 83 83 83 (l'4 8 0 "4 SO1 20 Mi 20' 20 20 20 21H 21 21! 27 27 27 8V 8 81,4 25 25 25 41 30 41 11 11'a 11 "1 IS 8 8 17 17 17 171, 10 17 i 18 18. 18', 22 22 22 40 40 40 5 'i 5 5 Li in1 1 in '4 10 8 8 8 3S 3, 3Ni 13 Vi 13 1314 Sales. I I HiBh I Low I Close lHiBh I Southern California 300s at ff5 per bo and 3li0s f4.76.

Loose Standards and tree rlpes broiiKht 12.25 Hi 2. 50 per box. 100'Paciflc Indemnity Furnished hy 8I TRO CO. Prices represent yesterday's opening solos or nominal Quotations on the Hono Salt Lake Stocks SIRLON8 moved siowiv. wun icmrai "nlifornia Cnsnhaa In standard cantaloupe lulu Stock Exchanee: crates at 75 M1 85c on 10s and 12s.

and 42Vj'01aa Ewa ISOWfinV on 12s and 14s. Persians in (Furnished (Fuftilsheil by A. TIKRCE CHICAGO Stocks Bid. Central Republic 1 Continental Ills 23 First National 70 Harris Trust 4444 .,185 Northern Trust 260 CO.) Ask. 2H 4Vi 74 102 205 t.

riF.IICE CO.) Rid. Ask liuml.o crates broueht Iff 1.15. with stand- 200 SO Cnl Kills com 400 do 6-is 200! do 0s 100 do 7s "iio'std Oil of Calif. 300'Trnnramerlra 200'fnlon Oil of Cal 100'Shell fnion Oil. 100 Sicnal Oil A SOOlSocony lords IMlcfflfl, Honeydews 60T5c on 3 4W 18 HI 28 28 17 3 4.

3 15 15 18 30 35 350 Alum Casting. 3 "i 700'iAsbestos Mfg 3 100'A sn Tel Ut A. loo1 Automat Prod 5 fill'Mastlan Rles 7 5(1 Hori! Warner 15 BO, Bruce 15 15(1 Hutler llros 3S4 lOCcn 111 8 pf. 18 Serv 3 lOOIColemnn OH SOIComwlth Edio 30 dllf'rnnc .10 43 I IMoneer 0 Onomea 30 IWaialua 4 Am. Factors.

17 I Mnui Haw Comrcl. Haw. Tineapl llnw. McHrydo Oahu iumho flats 20 niAXOKS held about ateaflv wun Mti Vi Nail Dr. 11 114 N'O .61 No 1 Prk Ring.

1 nnthern California Valenclas at 25 by li. Ask. 4 2V4 12 l'i 00 2H 2 7 1 66 2 Iner hot on fancy 1'ils. with 150s at f3.h0 iw and 17ds Jjarket pacic-n IlKNs and lanter hrousht S1.05i'l.S5. Con.

.20 Los Angeles Curb Inostlv 0 I I'KAIIS found cood demand, with prices Plan. .3.00 Plumb- .17 i'rin Con. lit knowing- little rhanse. Lake county Haf- 1 50 Crevhound newl 0 I 50 (it Lakes PrdFel 18 500 i.ricshv Crunow 1 50'Houd Her A I 11 1 SOIKalamaeoo Stovl 17 I l-tts in 40-)b boxes hroueht JlfiM 15. with 3'i 5 .7 15 15 31 lx'A 3(1 30 18H 1 11 17 32 4 '4 8Vt 1'4 3 10i 18 40 112 37 14 23 23 IS Furnished by DEAN WITTF.R li'rovo ...10 IRIco Arg.

6 18M, 1 11 17 32 4 Bid. Atta Tun 2Vj Ring Met 2 8 Cent Std. 1 Ch Con. .51 Colo Con 1 Colu Rex 1 '4 Cmh Met 6' Croff '4 Stand. Conl 4 Con.l Utah.

214 Eur Rill. 17 Eur LIU 20 Eur Std. 1.05 Irn King 6 Kennebc 4 Keyston. 5 Mag 4 Xlmmth. 25 Ftah.

1 Moscw 7 luce sizes SI .25 1 .35. Packed bore a I Hmh I Low I Salesl Stocks 1 10 20 3 19 25 ISO and turner, brought fl.75i 1 110 on SECURITY IS ENHANCED through the policy of investing in cirefully selected, well-deflated corporation bonds over fill I.vnih Torn CO. Close. 112 7 20 ixtra fancv. The Federal-State Marketing News Serv.

Ice ouotattona on San Francisco whole, sale fresh and cured meats in dollars per 1O0 pounds) KRESH BKEK Steer vearllngs (300-500 lbs), eond. steers. fino-Hiill lbs, Rood. S8.S099.60: medium, 8.60; common, $0, 5067.60: Oii(l-7oo lbs, aood. $8 (BP 8.

50; medium. common. 50. 100 lbs up. good, $7f 8: rows, (rood.

medium. $4.50 65.50: $4 W4.50 FRESH LA MRS AND MUTTON- (Lamb, I'lucks-in) Lambs. D8 lbs down, choice. $rj13: enod. Ml12: medium.

$10 11- common. $0fi10: lha. choice. SllWll- soo.1 MOfH1- mcillum st 111; 46-55 lbs. choice.

$11012: tood. JlOfflll: Mutton (ewes I. End. imdiu'n, $3f4: common. 3.

FRESH VEAL AND CALF CARCASSES (skin on) Veal plucks In: Thnl e. 11.50: (rood, 106 10.50: medium fHO: comenn $8W0 4'qlves I'lu-ks In' On'd. $1011, medium. $910: common, $80. FKKSH PtiRK 4'ARCASSES (head on) (tO-120 lbs.

5010: l'JO-140 lbs. $0 9 6(1. 140-100 lbs. FRESH ItiRK CUTS Loips 8-10 lbs. $14 60if lfl: 10-12 lbs.

$12 50(Bil4 50: Picnics. 4-8 Ihs. Spareribs (half sheels). $1 1 f' 14. SMOKKT.

PORK. CUTS HJms (rf-su-Isrl 1(1-12 Its. No 1 10I7: 1" 14 'lis I 15U lb: 10 12 lbs. No. 2 $H15-r'-lt Ibw No 2 813W14.

Macon ulrv cure) 4-0 Ibf No I fl-N lhs. No I $17i 18: 8-10 th No. 1 1617: 6 8 lbs No. 2. S1314: S-10 lbs.

No. 2. J12S13. lOOi.McGraw 4 Kg O.l.O. li" Sil 2V4 Sioux M.

i 5 PERSIMMONS were In liberal supple 22 3.25 30 3 14 15 6 6. '6 3 40 4.50 4 85 5 vith Yuba County Hachiya. In double layer rlats. at SSTi'OOo on fnnrv with sinale Tin Cent. layers at 40i50c.

Luas. loose OoWTftc 131 American Tel, 70O0'Hic Jim. 320ICnlerpillar 5(lCitiea 30'Cont Oil of Del. 80 (General Motors. 30'Packard 25'Bendix Aviation.

SOOOiRuckeya Vn Oil. lOOIChapnian Ice Crm 8 8 i 1 Hi 3 10 10 18 18 40 4(1 1.10 5 0 13 35 rOMEORANATES from San Joaouin tftsm. fvallev brorornt 4050c per Iuk on best PTofOJ 200 Mid We at I til. SOIusk Mot Sp A 701), Pines Winter 150 Potter Co 501'rima Co 60 Pub Sv no 101 do 6 pf B0 Quaker Oats SOO'Seara Roebuck. l.VHSwift ISO Swift Int Tin Tin Vi-t Con.

2 Walker .80 Toledo. "4 Zuma 414 brdinary 30CT35C. 112 FIRE INSURANCE COMPANY 112 614 10 Ss 10 i 28 a 1314 6 1 21 15 13 15MJ 81 73 42 "4 30 7 85 112 7 20 i 2 104 28 3 13 Vs 6 1 21 15 13 15 73 4'1 30 714 S5 Naval Stores 125'Kennec-ott Copper thirty such issues now held. Circular mailed on request. COMMONWEALTH INVESTMENT COMPANY Ru Building, San Francisco 376 PINE ST.

SAM FRANCISCO 14 28 3 13 Vs A I 21 15 l'l 15 0 73 '4 43 yn 7V4 ti 37 14 14 23 Vi 23 23 23 18 18 2 741iVikinr Pumo of lOOOiNordon Con', 10ior American Co MiWarner Rroo. SAVANNAH. Nov. 7. (AP Turnen- 200'Waicreen I Ine Firm.

Je. Sale 50: receipts. Rn Other commodity markets nil be found on piige 27. 75 Riverside cem pf KtlNIIS. shiptn-trt 70: tx.

15.567. Resin Firm. Sales. lfcelpta. shiimients.

730: stock. IOU.01. 11 -T 711- P. 27.1 Bl'AI Bl'A I COOfl'Chl Ry 5s 5s 32 Std Oil of 5 1 8 Steel 4000'Oatmn Hainbw Gold. 6.000 sharec.

Bond Stock sales, Nov. ales. $3,000. 1. H.

I. and 3.75: 3.86; )0. i.96: WW. 4.25: X. 41.30..