Pittsburgh Post-Gazette from Pittsburgh, Pennsylvania · Page 23

Hi PITTSBURGH POST-GAZETTE : WEDNESDAY, NOVEMBER 30, 1949- 23- ! I, Rusiness Today Huge Gain in Pittsburgh Industry Shown in Detail Payrolls, Investment and Value of Product All Reach New Highs During Past Year By ARTHUR R. FRIEDMAN Post-Gazette Financial Editor A 10-year report of industrial progress in the 'Pitts burgh district is highlighted by the marked rise which took place here in 1948 when payrolls, capital investment, value of industrial products and the number of industrial es tablishments hit new highs gheny county. However, this county had a sharp upturn from 1,960 to 2,100 in 1948. An almost steady increase in businesses has occurred during the past decade in Westmoreland. Complete New York Stock Market Transactions ACF-Brill Mot.. Acme stl h. .. Addressoz-Mult 3 Admiral Corp. 60s do wl AEil Gas Ea .52e 46 9V do PI ww 3. . 2 4BV Air Reduction 1 25 21 Stock Market Statistics at a Glance NEW YORK. Nov. 29 UP) Following Is smmmmnmswsn the comnlele taouiatiori of today s stock trans action on the New York Stock Exchange: Sales ( Has. High u i-ast eng. Abbot Lab 1.60a 9 464 46 40 4 2Vs i: 3 20 20 20 3 21 ','4 21 31V4 6 43 42 42 1 2834 28 28 1 14', 14 14 46 48 1 21 214, Alaska Juneau.. 4 Alliens Inc 1. . 4 dO DI 4'i. . . 1 Alleghany Corp.. 118 c j pi ...... . J 4 Alez Uld Stl 2 Alien Inui-t .60a Al Cheni&Dye 6a AllllU ivlu 1 . . Allied Mills 2a. . Allied Strs 3 314 3i 3 17 i7v 17 68 68 68 3 ' 2 i a ' t 65 6t 2 9 20 20'k 20,- 9 7 7 7 8 203 200 300 - 4 V(;-i li'i l 4 294 29 29 7 33V. 32 32- hi i4K-' r I EM A new survey of the Allegheny Conference on Community Development gives a picture-at-a-glance of the whole trend of Indus-trial activity here during the past decade, the first of its kind to cover three impor I ant eras the pre-war, the wartime and the post-war ntrirfli5. tef .ta rr.l- Mr. Fried Ipction by the State Department of Internal Affairs has permitted inclusion of the 18-13 figures much earlier than is possible nnrmallv. The Pittsburgh district, in this instance, covers the four counties of Allegheny, Denver, wasning-ton and Westmoreland. The Employment Upturn One major item in the survey employment shows the number of jobs substantially higher than in 1939, but down from the peak of wartime 1943. That industrial employment curve has resulted in a rise of 41.5 per cent in the number of workers during the 10-year period. Mine employment was down, as the one exception to the rule, and better than average gains were shown in chemicals and miscellaneous, the latter being a desir able classification in the aim to ward diversification. Another source of gratification is the 1948 rise in the number of industrial establishments. This total for four counties was 3.134 at the close of last year, but the 10-year rise from 2,500 was not steady, particularly in Alle- .mr .-v.vifl u. IS 111,. 303.. 31 do p 3... 3 811,4 81 fl Alpaa P Cein2g 2 34 34 34 Amal Leather.lOg 18 4. 4 4 Amerada Pet 3a 4 108 108 108 1 Am A Ch Del 3a 1 43 43 43- Am Airlines.... Ill 94 9 9 Vt A do pf 3... 8 65 64 64 3 AmiJar.kNotel.60a 11 23 23 23 Ara BVch 1...- T4 Am Br Shoe IVif 6 32 31 31 do Dl 4.... illll . ivu-i; Am Broadcast-.. 29 7 ' Am cabie & Kaa xi ar j-r Am Cau 3a.... 9 9?? 7 ' 99 NEW YORK Stocks: Irregular: price changes narrow. Bonds: Mixed; Governments decline. Cotton: irregular; spot house buying, hedging. CHICAGO Wheat: Firm to strong:, mill buying and short covering. Corn: Mixed; advanced toward the close. Oats: Firm; light oSenngs. Hogs: Fairly active and steady to 25c lower: too. SI 6. 10. Cattle: Unevenly SOc lower to 25c higher. VOLUME DF TRADING Sales, Tuesday. Nov. 29 fin shares) 1,310,000; previous day. 1.080.000: week ago. 1,395,480: year ago, 1.200.840; two yean ago, B94.00U: January i to date 231.584.534: year ago, 274,256,045; two years ago, 227,710.562. Bonds, $3,930,000. Curb, 340,000 Shares. Wage Payments Triple A tripling of wages and sal aries paid by industry 1n the four I counties to 1.3 billions is one of the basic statistics from 1939 through 1948. Wage earners, up 37 per cent, received 210 per cent more dollars; salaried workers, up 71 per cent, were paid 191 per cent more money. The value of products, which hit a wartime peak of $4 billion and fell to less than $3 billion in 1316, skyrocketed to an all-time high of $4.7 billion hi 1948, or roughly three times that of 1939. Of significance, too, is the value added by manufacture, that meas ure of processing and diversifica tion obtained by computing the difference between costs of raw materials and finished product. This was $1,200,090,000 in 1946; $1.7 billion in 1947 and $1.9 billion in 1948, a pattern essentially the same as value of products. The total capital investment in the designated area was $1.8 billion at the end of 1948, com pared with $1.4 billion in 1939. The number of industrial employes reached 401,957 last year, compared with 401,655 in 1947 and 284,148 in 1939. The 194S di-i vision among counties was Alle gheny 2d9,130, Beaver 48,037, Washington 38,170 and West moreland 56,620. Metals led in the classification in all counties with the exception of Washing ton where mines topped it. Met als and metal industries employed 6d per cent of the total industrial workers in the four counties in 1948. , ' 1D.11 1 1. 1 Am Car&Fdy 3g 9 22 22 22 Ar.iCho,Cablel.60a 6 24 23 24;., ' Am Chicle 2a 5 A'i AmrolriYDe 1.20a 3 18 18H 18 TEN MOST ACTIVE STOCKS Sales Close N. Chg. Southern Co 49.200 12 U S Gypsum 33,500 102 Unit Corp ..31.900 4 0 xd-Unit Corp 21.900 3 0 lnt Hydro-El A ...18,300 9 i Socony Vacuum .,..15,600 16 Middle Sou Ut ....14.900 18 May Dept Strs ....12.950 47 Alie?hany 11.800 3 Ches & Ohio 11,600 27 K ADVANCES AND DECLINES Total , New New Issues Advances Declines higns lows NOV. 4V iUBU 340 480 43 11 Nov. 28 1030 330 440 46 Approximate. Sales (Hds.) High -M- Low Last Chg. 11 Masnavox ..... 82 Manatl Sugar. 80g 5 Maracalbo O.20g 9 Marathon C 1.40 1 Marine Mid .40 26 MARKET AVERAGES Compiled by the Associated Press STOCKS Net change . , Nov. 23 . . . . Prev. day . . , Week ago . . . Month ago . Year ago ... 1949 high . 1949 low .. 30 15 15 60 Indust Rails Util Stocks .3 .1 unch .1 96.3 35.6 42.3 67.8 96.6 35.5 42.3 07.9 . 97.3 36.3 42.6 68.6 , 96.8 35.8 42.4 68.1 , 85.8 37.9 38.6 62.6 , 97.6 39.5 43.8 68.7 . 81.4 29.8 38.2 58.0 BONDS Net ch'ge.i Nov. 29 . . , Prev. day . , Week ago Month ago Year ago 194 9 high 1949 low 10 Util 1 20 10 Rails Indust .1 .1 91.4 102.5 104.7 91.3 102.6 104.8 91.4 102.5 104.9 91.0 102.3 104.2 89.5 101.1 99.6 92.9 102.9 104.9 88.4 101.6 100.8 10 10 F gn L. y'ld .1 unch 70.0 111.7 69.9 111.7 69.5 111.9 69.8 111.4 62.1 107.8 70.7 112.0 62.9 108.8 DOW-JOVES AVERAGES Open High Low Close Ch'ge ibVH it-. i'J" tAmcyanamicf '2a 26 47 46 47 I Am Distill 2'.". f'32 -32 32- AmEpropean .40g 4 18 18 1TT h js SfS W: S f : I fr $ ts&S&i t$ m n&? i! Am Hide&Lea 'g 33 0,-4 " Oa 22 2Vs ' L 14 1 11 A 79 1 5 3 31 14 14 19 iy?4 14 14 AmllomProdl.2 An. I r , o m fl , . .n rt E . " ;:t iii li. 2 193 Am LocT r40. 23 14 14 14- jj do pf 3 90 . AmMch&Mct.l5g. Am.doep 4.'.Q45 105 105 105 s5S.ff? 4 30.30 s8i. 4 77 6 31'i 771s 1 5 31 V Am sat Kaz . 6 . 7 . 'J f Am Seating la. 4 40 i fiftx i 1151 snuii 2a . . a -: Sales (Hds.) High Low Last Chg.! Chi & NW 2e.. 23 10 9 10 do pf 5 19 25 24 25 1 Chi Pn Tool 2a. 1 28 28 28 Chi RIAPac 3.. 40 38 37 37 do pf 5 1 7 8 78 78 1 Chickasha C OiU 1 13 13 13 Chllds Co 10 3 3 3 do pf lp 0130 44 43 44 1 Chrysler C 5g. 56 61 60 61 1 Cin G&E 1.40.. 17 31 31 31 'do pf 4 . . .Q80 104 104 104 CIT Flnan 4 ... 34 57 57 57 City Invest .60. 5 8 8 8 Clev El Illm2.20 ' 9 42 42 42 'do Pf 44 . .020 110 110 110 Clev Gr Br 1.80g 2 27 27 27 Climax Mol .80g 36 11 lO" 11 Clinton Food2.40 7 31 30 30 Clopay Corp ... 1 3 3 3 Cluett Peabdy 3 5 23 23 23 I do pf 7 ...q20 140 139 140 3 do 4 pf 4 . . 171 71 71 Cole-Palm-P 2a. 8 42 42 42 . do pf 3 ..q60 96 96 96 1 Collins & Aik p 1 15 15 15 Am AmSUFdis 2.40. Am Stores z . . . Am Stove AmSugarflel 4g.. do p 7 AmSumatTob 2. imTel&Tel 9-... AmTobacco 3a 5 22 22Vi i 29 2'4 ?7 , 3 9 9 9 o 423V 423,4 2 128 126 128 1 2 20' III lT 41 147 146 147 7is: 73Vi 73 rti nf 6... ,o40 10 150 loo"? r WatWkS .60S. 3 7 7 T AmVlscose do pf lAmWoolen 3';g. n AmZincL&S .20g 3 6 do pr Pi 5. -q50 62 AnaondaCop 2!-lg 47 28V4 . . r.-.-r- 1 ii.imTO 28 And-Pnch Oil la. 41 26 35 tnao-i Copper g. 3 i4 4 rh.an-M 2.... 1 42 Armco Stl 2.. is ; d.) pi 4. . .QlO 89 Armour & Co... 35 7 do pr pf 3p - . 4 63 ArmstroimCrk 3g 1 49;.4 Tdo pf 3. -Qu ArnoIdConst a. 1 14 j4 ArtloomCarpet 1. 1 o AsJdDryGd 1.60. 2 14 do 1 pf 6. . qu iuo Asociaf?5ln 3.60 2 48 Afrh TASK 6a.. do pf 5 A T F Inc 1 - . . AtlCoastLine 4 . . AUG&Wlndies le do 'pf 5 AtlRcfining 2 . . . 24 6 61 28 28 11 42 26 89 6 63 49 99 14 8 14 106 48 93 24 6 62 28 3A 28 2b 11 42 26 89 6 63 49 99 14 8 14 106 1 S 1 93 3 Bitf Financing; Awards Made NEW YORK, Nov. 29 UP) Utilities companies today award ed nearly $70,000,000 of securi ties to banking syndicates in one of the busiest financing sessions' of the fall. Louisville Gas & Electric Company put up the biggest issue, $41,000,000 of first mortgages, 30-year bonds, and awarded it to an underwriting group headed by Ilalsey, Stuart & Company,! on a high bid of 101.8875 for a 2: per cent coupon. The winning group expects to rcofTer the bonds at 102 3s to yield 2.635 per cent. Southern, Company awarded 1,300,000 shares of additional common stock to a syndicate headed by Lehman Erothers on a bid of $11.58 U a share. Re-offering is planned at $11.95 a share. A group headed by Stone & Webster Securities Corporation won $10,000,000 of 30-ycar, first mortgage bonds offered by Gulf States Utilities Company. Reof faring is expected at 102.58 to yield 2.625 per cent. Business Briefs- 1 103 103 103 T 2 103i 1 ) 4 U"'4 8 36 36 36 2 70 70 70 2 90 "90 90 IS 383i 37H 38 f a 4 . .olO 109, 109 109 AM, rnrn 1 60. 4 22. 22 2i ',8 At!?sPow 2g.q4l0 s " do nf 4 q50 108 108 108 Aust Nichols.... 1 7 7 f 4,.... r n 5 54 5 .... 4 i mi. in-' n i Inm tf -JOff. . ?S 514 3ln -t'S B do pi 2., 30 Ind 191.65 192.54 190.54 191.62 0.62 20 Ralls 47.66 48.05 47.46 47.87 0.00 ;15Utils 39.30 39.38 39.12 39.260.06 xd.-1lO share Niagara Hudson Power. 65 Stock 67.76 68.10 67.41 67.81 0.15 do pf 4... 1 9 99 MagmaCopperP. 4 14 14 Mirnavnt 82 SI.. R. MMWoodWk.60. 3 12 11 11 MacAndForb2g 1 36 36 36 Mack Trucks ... . 15 10 10 10 Macy Kti 4 a 31 ii's B94 V 14V4 9 l 7 23 8 18 21 9 81. 6 6 8 7 23 23 8 8 12 14 42 42 4 6 47 10 20 39 14 V4 33 1 23 9Vi Sales (Hds.l H!h Lew Last Chg. Gair (Rob) .40a 5 6 6 6 Gamble-Skpf 2 3 35 35 35 Gardner-D 1.40a 1 18 18 18 Garrett Crp la. 15 16 15 15 uar wooa ina. 12 4". 4V 4--- ' do pf 2 . . 1 24',i 24i,i 24V. . tayiora 1,0m a 104 lB'j 18 i ucn A inv .30 21 19 184 19 1 Gen Am Trans 3 5 46 46 46 jen saKing.oua lor-s iuri J0 ' Additional Financial News On Paije 24 158 158 ronze.8CTk 1 12 12 12 able .70g 14 7 7 7 1 pf 4.q40 71 71 71Vi ec 2a . . 27 40 39 40 Colon Mills 1.. 120 20 20 Col Fuel & Ir la 24 15 14 15 16 16 16'. 12 12 12 12 12 12 25 24 25 11 11 11 12 12- do pf 1 3 Col & South .. 1 do 1 pf . . .q40 Col Breast A1.40 4 Colum Gas . . 89 coram net g. e 12 Colum Carbon 2. 1 30 Col&So OhE11.40 3 20 Comb Eng Sup 2 3 25 25 25 Coml Credit 4g. 4 57 57 57 do pf 3.60..q40 104 104 104 Coml Colv 1.. 59 18 17 18 Comwlth Ed 1.60 17 29 28 29 Condc Nast 1 . . 28 10 10 lO',ii tConeol-NairnliAa 6 28, 28 28 Consol Cigar 2.. 1 30 30 30 do nf 8. . .olO 158 ien isronze.oua ien cai do Gen Elec 2a . . 27 "40 39 40 Gen Foods 2a 2 46 46 4ti3i Gen Instrum .60 5 7 7 7 Gen Mills 2a.. 2 53 52 52 1 ucn iviuiors eg. u no ts t,3ifti , do 5 pf 6... 4126 126 126- U do 3 pf 3 3 102 102 102 Gen Port C2g S 30 30 30 Gen Prec Eq 1 . 3 13 13 13 ijtn run Brrv-e ja Gen Pub Util 1 56 16 16 16 V TGen Ry Slgnla 1 17 17 17 lira rteiraci . o 224 23 Gen Shoe 3.. 4 30 30 30 G EtCaspfl2k Q80 114 113 113 1 IjVIl 1C1 4 ... 4 Gen Time 1.60b 2 23 Gen T Rub la 3 18 do 8i pf . 1 6 C-Pac PlyLp S 8 Glllett EaIR2a 12 36 do pf 5.. . ? R Gimbel Bros 1. 9 15 Gleaner Harv 2a 6 21 Glidden Co 1.60a 14 24 ' Goebel Brew .40a 11 9 Mirk St Rprpfq440 18 18 Marshall Field 3 7 21 21' do pf 4 . .qlO 102 102 102 Martin u 19 9 sv Martin-Parry la 2 12 12 Master Elec 1.. 7 14 13 TMatniesonca'iiE 12 434 May D St 3oi2950 47 ao pi 3 ..QZO 97 97 74 do rf new3020 96v 96 98 do3.40pI3.40qlO ' 85 85 85 T May lag Co la. 3 i0' McCall Corp 2-. 9 20 20 McCrory Strs 2a 4 54 34 34 McGraw Elec 3a 9 41 41 41 Mclnt Por 3.01a 6 58 58 58 TMCKS4-R 2.40a 1 39 39 Mead Corp 1(. 20 14 14 do 2d pf 2- . 1 33 32 Melville Sh 1.80 11 34 23 Mengcl Co o.. 15 9 S Mercant Strs 1. 4 13 13 13 Merck & Co 1 16 40 39 40 00 cv pi 4... 3 170 119 120' a Merrit-C&S 1.60 8 20 20 30 ME 4.35pf4.35ql0 109 109 109 ao pi j.yu .qi i o 103 102V1 103 Mid-Cont Pet 3 23 40 40 40 Middle SU 1.10.149 18 17 18 Midland Stl 1 4 28 28 28 Minn-H Kegza 10 62 62 62 ao pi 3.2U alio ioov 100 100 minn-ivioun .iug 1 i.m 13 13 -QO 1 pi OViqilO I !'.-! 73 75 do 2 pf 1.. 1 19 191 19V, 1 Minn SP&SSMlf 3 9 9 9 aim RlArM. 2. bug 3 B9 88 88 1'1 00 PI 4 . . .- 1 107 107 107 Mission Cor 4f 2 47 47 47V J MlS310n DV .7CB 10 93i 9'i 9'i . Mo-Kan-Texas. . 4 3 3 3 M do pf 19 18ai 18? 18a W ivio t-ac pi o 3', 3Va 3Va Mohawk Carp 2a 1 31 31 51 1 Uni.. M.. on- . .11. ...7 . l.LUJUU .dVli 112 1 73 11 "J 1 '6 munarcil w i a 1 ZD1, ZD'v 21i'ij Monsanto Chm 2 17 53 53 53 aioni-iJK ut ,cu 4 13'. 13 13 Mont Ward 2a. 29 53 53 53 iraoore-flicn-iyj 4 li'.i 12j 12 Vt 1 17 17 17 1 23 23 23 5 20 20 20 S 23 . 3 23 5 14 13 14 5 12 12 12 3 93, 15- 03,. 4- 14 Murphy yf 40-10 HOVi 109i I093ii U. 4urray Cor 1.60 20 15 14 15 Myers FE3ros a 1 42 42 42 N Nash Kelv 1.13 17 16 15 15 Nash CStL 2gql60 23 28 29 1 Goodall-Sanf 29 29 23 23 17 17V4 66 66 8 36 1 88 15 22 24 9 8 35 8 14 21 24 9 3 15 15 15 Goodrich B F 4a 32 70 69 69 do of 5 llOJUlosu in.iu Goodyear T&R 4 12 40 40 40 uu pi o.... 1 iui lU3?ii 1034- Goth Hosy 1.45J 2 11 11 11 Graham-Paige 15 30 30 iGran C Min lg 2 20 20 ;Grand Union lb 1 liranuy C St 2b 8 G-ant W T 1 . . 1 Grayson-Robin 1 1 GtNorlr Ore le 2 m or k; pi 4 10 Gt W Sug 1.20. 3 2 18 3 3 C O. UEUKS DlVIDt.ND .CTION Consideration of the first quarter dividend fi r IU',0 was deferred by the Chesapeake A Cnio Ulrwtnis until the February meftlng undT a new policy whereby dividends will be Pid In the year In which they are earned. NOW ON DISPLAY PONTIAC OAKMCNT PONTIAC CO. 1950 521-531 All.qh.ny Av... jkmont, Pa. Fact antl Gossip Milton L. Huemme was named manager of coke sales for Dia mond Alkali. . . . Sterling Drug purchased John Puhl Products, Chicago, for 36,000 shares of Sterling common. . . . George S. Harris was named chairman and Russell B. Newton president of Dan River Mills. . . . Furniture orders in October were 15 per cent above the like month last year, Seidman & Seidman report. . Western Maryland Railway asked ICC authority to absorb seven subsidiary lines. . . . Penn-Ohio Steel purchased Helms Industrial Development. Grand Rapids, in a cash transaction. New York city department store sales were off two per cent last week from the '48 period. . . . Marion Power Shovel stockhold ers increased the board from nine to 13. . . . Pacific Portland Cement proposes a five-for-one stock split. . . . Metropolitan Edison plans to offer additional bonds and pre ferred rn February to finance construction. . . . Shoe manufacturers now exhibiting spring lines in New York report strong buyer interest despite price increases. I'ittsbursh Stocks Sales High Low Close Chge. 170 All Lud Steel 20 20 20 170 Duquesne Brew 11" 11 11 50 liar Walk ... 19 19 19 50 Joy Mfg Com. 31 31 31 Mt ruel bppiy I9g I9'4 19 83 Pen Brew pfd. 43 43 135 Pgh Plate GIss 36 35 106 Ruud Mfg ... 18 18 1000 San Toy Mln .09 .09 100 Van Alio- Steel 27 27 4 2 West Air Brke 24 24 74 West Elec . . . 27 27 Babbitt BT 1.20. Bald Loco 1 Bait & Ohio. . . . do pf Bangor & Ar... Barber Oil '- . . Barker Bros 2a. Barnsdall 3g. Bath Ir Wis 2. Bayuk Cig .97g. Beatrice Foods. 2 12 25 4 1 2 2 14 14 14 9 9 9 8 8 8 17 17 17 17 XC.2 46 46 1 16 1.6 52 14 11 11 29 29' 171. 461 17 38 52 52 2 14 14'4 15 12 1 9 91,4 . j - o-i an OflU. QftU. 5JR1A 1 Beck S pf 4.q50 82 82 82 2 32 13 Beech Aire 1 . 2 Eeech-Nut 1.60. 2 Be'd-Hem 1.20a 2 Bell Aire le... 3 Bendlx Av 2a.. 68 Bend H Ap kP- 20 Ben Ind Ln lb 30 31V. 32 13 13 i, 134 13 13 351. 34'- 35 T'i 9 8V. 8 26 26 26 11 101 100 1 77 77 101 1 77 a 2 26 1 1 33V, 33'-'. 33li 38 29 29 29 T 23 21 11-6 9 9 9' 1 13Ti 13i 13 14 12 11 H H 13 21 21 21's ' 11 22 21 21 1 . . a.i a 4. nan fsnT' an", dum -. dn 3 1.45g.Q9'i in'i mi ;? Bond Strs Borden Co Bore-Warner Boston & Maine i da 4 pf 4 An nf 31. Beneuet C Itoe. 39 2 2 Best A Co 2. . . 2 26 36 Best Foods 2a . . Eeth Ptecl 2.43. Blgekw-S 2.40. Birmln:; El Blaw-Knox la.. Bliss (EWI 1.. Boeing Alrp 2g Bohn A&B P Cons Copd .10g Cons Edis 1.60. 30 26 26 26 do pf 5 1 108 108 1081,2 Cons Grocers 1. 1 13 13 13 Cons Nat Gas 2 5 40. 40 40 Con P.R Cuba pf 1 15 15 15 Cons Textile .80 4 8 8g 6 ,. Cons Vultee ... 17 9 9 9 1 Consum Pow 2. 47 33 32 33 , do 4.52pf4.52ql0 109 109 109 do 4V,Df4iA.a60 111 111 111 Cont Corp 3 .. 7 40 39 39 Cont Bak.la .. 2 16- 16 16-8 do pf 5 ..q20 93 95 95 Cont Can la. . 29 35 34 34 Cont Ins 2a ... 11 71 70 70 Cont Motors .20g 16 5 5 5 Cont Oil Del 4. 19 59 59 59 Cooper-Bess 2.. 7 21 '21 21 i-CoD Stl 1.20a 6 15 14 14 Corn Exc 2 80ql40 573i .57 57 Corn Prod 3.60. 5 64 64 64 uorneu-u r.1 .eu J. y-4 -4 Corning Glass 8 27 27 27 Coty Inter .10g 6 2 2 2 Crane Co 1.60a. 29 28 28 28 Crra of W 1.60g 1 28 28 28 Creaamer Am 1" 3 13 13 13 Omi rir . ! li lO 153,. 15U 15i 1 Crown Zeller 2g 9 28 28 28 do pf 4.20.050 102 102 102 Crucible Steel .. 2 15 15 15 do pf 3p . . 8 50 50 50 Cub-Am Rug 2g 1 15 15 15 Cudy Pack -30p 4 7 7 7 Cuneo Press b. 4 10 10 10 Curtis ruousn . e bt. o'a OH do pf 17k.q60 142 142 142 1 do pr pf 3a. 6 51 51 51 Curtlss-Wright 133 7 7 7 do A 2 2 20. 20 203 1A tCutler-U 1.20a 4 22 21 22 1 Green H L 2a. 10 40 GreenlTA-D 1.20 2 12 1.45g.q90 18 18a is'i 't IHj. 15 14 14 14V4 1.80g 16 48 47 47 1 r 4a. 30 55 54 55 1 l1 32 8 28 7 28 1 32 7 261 67 Bower Roll 3 . . 5 Braniff Airw . . 6 Brew Cro Am ql30 Bridg Brass -15p 14 ll.lrrl I IT I . 3 Bris-Myers 1 60 11 27. it't Rvlvn Gas 1.30g 4 3J-.4 "V, Brown & Blge 1 7 11 Bruns-Balke 2g 5 17 Bucyrus-Erie 2g 77 184 Budd Co .70g . 24 -i"Va Buff Forge 4.1 5g 1 33 BuHard Co la. . 4 17 Bulova Watch 3a 1 33 Burl Mills 1-- I J9 do CV pf 3. 1 88 Bi-rr A Men .80a 9 13 n.i.h T.rm 5.if. 4 8 BTBldgpf 7k.q40 116 113 lull.. nf 414.. 0110 68 67 32 8 27 2 6 27 27 27-"n 4 33 11 17 185-i 10 33 17i 33 19 88 88 1 13 13 8 K us 21: 684 l'.i rt 11 17 18 10 33 17 33 18 3 7 7 IX 28 28 2E o ir lo 26 26 26 . 11 14 14 13 13 13i 38 37 3f-ti . 18 18 18 d(r Sf J ql "6 136 136 V, Greyhound 1 . 39 12 89 10 10 (-.rum Aire En 3g 6 18 ouantan Sue lg. 3 5 Gulf MobAO g 13 12' do pf 5.... 1 sn Gulf OH 3. ... 17 65 39 12 10 17 17 -! b34 57, 13 ' 50 111 50 64 05 Morrell & Co lg Motor Products 2 Mot Wheel 1.60a Motorola la. . . . Mueiler Br ,80g Mullins Mfg la Munsingwear.60g Nat Acme 2... 2 21 21 21 Nat Airlines . . 20 7 7 7 Nat AutoF 1.60a 26 16 15 16 Nat Battery 3. '3 39 39 39 Nat i..sc 1.60i 9 37 37 27 0.0 PI 7 . . . .0.30 180 Nat can e . . 7 Nat Cash Reg 2a 7 Nat City Lines 1 2 Nat Contain g 6 Nat Cylhid G .80 1 Nat D Prod 2a 20 Nat D Strs la. 5 Nat Distil Irs 2. 41 Nat En&Stpg p 3 30 179 179 5 5 5 35 35 35 8 8 fii's 6 6 6 10 10 10 37 37 37 15 15 15 22 22 22 8 7 8 Stock Average Off Slightly In Dull Day NEW YORK. Nov. 29 W Stock traders stepped warily in today's market and prices scarcely stirred. The market tripped at the out set when fractional losses were posted for a wide variety of lead ing issues. Supply and demand reached a quick balance, how-j ever, and further declines were blocked. t ' There was no serious attempt at a comeback and final prices showed losses in a majority. Dividend news supplied the leverage lor comparatively wide swings in several issues. Occasional flurries of activity helped to lift the day's business to 1,310,000 shares from 1,080,000 yesterday, which was the small est in nearly two months. John L. Lewis' plans for his coal miners appeared to ' cause traders more concern than any thing else. The Associated Press average of 60 stocks dipped .1 of one point to 67.8. A rise in the rail' group was more than offset by a decline in industrials. Utilities! were unchanged on average. ' Chesapeake & Ohio common, closed lower at a new low for the year. Directors of Allied Chemical voted a special dividend of 54 a share and the stock promptly dropped to a closing loss of 4. The board of American Can voted an extra disbursement of $1 a share, but the stock dipped U. U. S. Treasury WASHINGTON. Nor. 29 CT Tka Posi tion of the treasury November 25: Net budget receipts. 84. 728.385. 74 Budget f ipendituet . Cask balance....... Cutom receipts for month ......... Budrrt receipts fiscal year July 1..... Badges expenditures fiscal year. ...... Budget deficit TUI debt 256,324, l.2.276.7 lnrrease oyer .previous day 29,044.783. 5 Gold assets 24,929,214,340.41 99.752. 467.00) .4,643,257,548.67 30.728,252.23 13,280,543,637.0 16.348,024.469 97 3.097,480,832.95 - -i-,-,.-.-.-.-,-ii-.-M-irxrixULri-riri-rinj Drop Is Noted In Store Sales WASHINGTON, Nov. 29 C5 The government reported today that sales of chain stores, mail order houses and department stores dropped in October. The Commerce Department said chain and mail sales were almost six per cent below October last year. The Federal Reserve Board said department store sales for the month were off 11 per cent from October, 1948. BANGOR AROOSTOOK BONUS Bangor & Aroostook will recommend to the ICC an amendment to the road a bond mdlfication plan which would Increase the Interest rate on proposed first mortgage bonds from 4 !, to 4. Nat Gy-sum la 16 17 17 17 Nat Lead la... 7 35 35 35 do pf A 7 1 178 178 178 do pf B 6 t;J0 146 1.45 146 Nat Lin Svc .60 4 7 7 7 NatMalStlCas 2g 1 17 .17 17 Nat Pow&Lt y 8 Kat Stirs .60a. 1 24 24 24 Natl Stl 5a... 18 92 91 92-- Nat supply i.eoa 10 15 15 15 32 11 11 9 9 J', 37 37 37 iUfi lUti 32 11 91 L.U1I fata Ut 1.20 34 21 203i 31U J4 .u Hack Water 1.70 3 37 37 37 li nail print la.. 2 14U is u" " Halliburton la 15 23 23 23S4 i 12, HannaMA pf40,10 107 107 107 Harb-Walk lg." 3 19 191 92 Hart S4M 2.40 Hayes Indust 1 . Hayes Mfg .60. Haz-Atl G 1.20 Heinie 1.80. .. . Helme GW 1.60 Nat Tea 2a... 1 Natomas Co 1 . 1 Nchl Corp .70. 6 Newberry J J 3 3 .New Ece ES .80 44 do rt 897 1-128 1-12 Newmrnt M 2b 1 59 59 59 Newport Indust. 19 10 10 10 " Newpt N Sh 2a 16 30 29 29 3 N Y Air Brk 2 3 27 27 27 N Y Cen RR A 55 10 10 10 N Y Chi & St L 6 79 79 79 do pf 13k.. 1 134 134 134 nx & nariemoou 230 zao 230 10 NY NH & Hart. do pf N Y Shipold 1 NY S E&G3.40 Noma Elec f. 23 23 23 v. J'OpcoChem 1.60g 9 8 8 6 6 6 23 33 23 34 34 34 Jl4 311,4 Norf & West 3a 00 pT 1 do pf 1..Q40 41 41 41 J Hercules Mot 1 . 1 Here Powd 1.35g 10 Hershey Choc 1 8 do pf A 2 d pf B.... 1 Hewitt -Robins 1. 1 Heyden Chcm 1 20 16 16 16 16 49 49 49 37 37 37 53 52 53 U, 51 51 51 15 15 15 Dana Corp 1 .. 2 13 13 Davison Che 1 7 21 21 Dayton f&L. 1.80 12 29 282 Decca Records 12 8 8 Deep Rock Oil 2 1 23 23 Deere & Co 5g. 17 37 37 do pf 1.40 . . 1 35 35 Del & Hudfon 4 3 29 29 DCl Lit W 4g -l"?4 13 18 2Y', a- air:. ollO 68i, 67 68 p.".ur;; lie.: e 4 4 4 nvent (AM la 4 20 20 Rvmn Jackson 2 4 23 e-.Mt -yuT. iTS 35 35 31 21 43 35 1 h .09 27 34 27 Callahan Z-Ld . 2 . Calumet & Hec i ramp'oell Wy 2 2 Can Dry GA .60 6 Can Pacfie lg 4 2 Capita! Ain ... Caro v & l. -i- Carpent Stl 2g 2 Carrier Corp 1 1 An. Tlf V. - . . . L CasetJIiCo 3a 17 4 3'j, Catcrp Trac lh 14 33 do DI .;ju - . ? 3296 Ex dividend Plaimimj to Save VAC r Iff! -A tC-Vjy No matter what your income bracket may be, under present tax laws you owe it to yourself to examine your current security holdings now. You may find it prudent to consider selling some for the sake of reducing taxes then buying other securities of similar standing so that you won't weaken your portfolio position. To help you, our Research Division has just issued a bulletin listing 129 specific exchange suggestions, and a pamphlet called "Comparative Profits From Short-Term and Long-Term Capital Gains". If you'd like to see this material, or want more complete information on how it might affect your portfolio, why not talk it over with an account executive in our nearest office? Or, if you prefer, just write Department AZ-92 Merrill Lynch. Pierce. Fenner & Beane Oliver Building (Ground Floor) Pittsburgh 22 Telephone: EXpress 1-0250 Residents of Aliquippa, Duquesne, Glassport, McKeesport and Tarentum call 1-0870 (No Toll Charge) i i i 3 3 S 18 18 1S 9 9 9 13 13 13 8 8 8 31 31 31 31 31 31 15 TS'i 15 3414 34, Ji'i 13 21 28 Him 23 37V4 35 29 Is 7 7. Del P & Lt J. 20 10 21 21 21 Den & RGW 2g 6 27 27 27 do pf 5g . . . 3 48 47 47 Derby Oil 1.30g 4- 12 12 12 DC Edls 1 V" 10 -1 ! !?"? do rt .....330 316 532 533 132 Dc.-. iwh Sto .t,u t v, ij 6 Det Stl Corp 2 3 23 22 22 Devoe & R A 3 2 2Qii 20ii 20V Diamond M lUa 3 33 32 33 Diana Strs 60. 15 8 8 8 . Dlst Cor-S 1 05g 10 16 16 16 Dixie Cup 1.. 2 38 38 38 Dr. Pepper .60.. 1 10 10 10 Doehler-Jarvis 2a 3 35 35 35 Dome Mines .70. 7 15 15 15 Douglas Aircr 5a. 2 65 64 64 Dow Chem 1.60b 23 52 52 52 uu 4U pi o4 - 1- lll'A 11 m Dresser Ind 1.40 10 17 17 17 Dunhlll lnt 1.. 5 18 18 18 Duplan Corp b 2 13 13 13 duPont deN2.15h 57 58 58 58 I do pf 4... 1 122 122 122 ' Duq Lt pf 5..Q60114 113 113 : e ! Eagle-Pich 1.80. 2 17 17 17 Eastern Air L. . 52 14 13 14 Eastern CorD p 7 6 16 15 16 1 EastmanKod 1.70b 17 47 47 47 do pf 6-. . .010 1881. irsi; 18ii iraton Mfg 2a.. 15 28 28 28 Ekco Prod 1.20 9 13 13 13V, ElastlcStopN .70g 1 7 7 7 El Auto-Lite 3.. 10 40 39 40 V Elec Boat la-.. 10 15 15 15 ElAMusInd 09g. 3 1 1 1 El Storage Eat 3 4 40 39 40 Elliott CO la... 17 27 27 27 ElPasNatGas 1.20 14 28 27 27 EmersonElM 1.. 1 10 10 10 EmerRadiP1.20b 21 17&. 17 17 Emo D El 1.21g 10 17 17 17 Hilton Hotels 1. 5 Hires CEL. 1 Holland Furn 2 in 5 Hollander & Son 3 14 iiony sugar l . . : 3 00 pr lv,. .. 2 Homesta M 2g 19 46 46 Hookei El 1.20 1 28 28 -do c pr 41.4.420 110 nuuu-jnersney 1 Household Fin 2b Houst LAP 2.20 Houston Oil 2a. How Sound 2 . . Hudson & Man. 16 16 10 10 12 13 27 27 13 13 18 18 27 27 46 28 1. 110 110 14 2 12 12 12 2 47 47 47 S 39 39 39 i 52'? ? 40 Hud Bay MAS 4 11 41 40 41 1 Hudson Mot la. 14 123? 12i2 12 num. rooas W 5 8 8 8 HussmRefr 1.20s 1 16 lew 161- 1 ' " r.i. . - t,.7 r"w J 354 35'4 35'4 SJ. Tii o4 36i- Indust Rayon 3b 10 48U Inrer-Rand 5'ig 8 65" in. 5tee1, 12 357 35Ii 35-Ins C Cop lg 5 13 13 1314 Insuran Ctf .20 1 914 9 oil lnterchem 1.20. 5 17 171,4 171 do pf 4..ql0 93 93 93 Intercon Rubber. 2 Hi lit u' ake..Ir l'- H 11 11A t"h "us M?cn 40 2 194 194 i94 J inr C 6 6 29 29 29V4 16' 16 50 50 50 9 9- 9 ' 24- 50- 26' i 24 24' 50 60 26 HUH I flMililiTOMB Pittsburgh Gearings November 29 Week ago . . . Year ago . . . Exchanges .$44,100,000 . 37,800.000 . 56,800,000 Balances $24,800,000 22,200,000 36,300,000 A type for every ecid proofing purpose. Write us your requirements. TRIAL ORDER, 10 lb. lot $3.30 '; 66C3 i8EMT$ EYERTTK WTCKOFF STEEL DIVIDEND Wyckoff Steel directors declared a dividend of 25 cents, payable December 10 to record novemoer 30. No Am Aviat 38 10 10 10 Nor Amer Co lb 72 19 19 19g Nor Nat G 1.80 22 37 36 37 North Pac lg. 23 16 16 16 Nor Sta Fw .(0 S8 10 10 10 do rt 413 1-16 3-64 3-16 i Nor St Ppf3.60q40 82 92 92 i i Northwest Airl.. 22 9 9 9 ! do pf 1.15..4 8 17 17 17 ! North Tel 3..J10 35V, 35V. 35V. I Norwich Fh .60a 1 14 14 14 I fOhlO Edis 2.. 36 31 30 31 j do PI 4.40.. 060 107V 106; 1064 1 Ohic Oil la.... 61 27 26 27 Oliver Corp 3a. 4 2S 23 23 400 cf 4A . .o20 91 91 91L, j Omnibus Corpi . 10 9 9 9 do Pf 8 ...080 95 94 95 1V Otis Elsvat 2g 15 36 36 36 do pf 4 . .q310 106 105 105 Owens-Ill Glass3 12 59 59 59 P- Pas Coast 3 pfqlO 33 33 33 U Pac Gas&Elec 2. 11 33 32 33 Pac Lighting 3. 3 50 50 50 tPac Mills 3g. 1 29 29 29 Pac T&T pf 6q30 143 143 143 Pac Tin Con.20e 4 3 3 3 Packard Mot g 32 3 3 3 Pan Am Airways 48 8 8 8 Pan Am Pet If. 1 19 19 19 Panhan EPL 3a 1.71 71 71 Pan P&R .30g. 6 5 5 5 I 2l OLUHBIA CHEMICALS available from our stocks Prompt deliveries for alkalies and other chemicals, including: CALCIUM o ROCK CHLORIDE SALT RUSSELL SUPPLY CO. It BRIDGEVILLE, FA. Fl. 1000 IRWIN. FA. IRWIN 1262 1 Fire-insurance lean WHEN YOU (5 MOVE! Scientific Packing and modern equipment moves your household qoods safely Narionwida Service Insurance Protection Cow Uniform Rates. ' ' HOEVELER warehouse co. PITTSBURGH PHONE MA. l-oOOO flATIOHAL UfllOj laiennHy Conpy QTil Sin HdMytHtMntextm 0 29 29 is 65 48 65 li Parara Plet 2 Park Tllford 3 1 Park Utah .... 1 Parke Davis 1.40 10 Park Rust 2. 3 Parmeless Tr .LO 6 Patino Mln lg. 6 reabody CI .70g 1 no pr 14... 7 Penk Ford 3.6Cr 7 27 4314 434 324 1 103 103 " Al',' T8 r.t.n rrn 2.40 52 33 32 do 7 pf7 q90 129 129w 129 1. do 1st PM',1 1 104 104 104 Celotex Corp, 1. 14 18 1 Cent Aguir 1. ? 15 15 15 , 9 r.nt Cen Hud g&k.dz i Cen 9 9 V Ill Lt 2.20 8 35 35 35 'do V ' 4 V -qio 1 1 1 "iM I" NY Pwpf3 40 1 87 87 87 . .ao v A I I V4 X 1 771A 1. Hvaro-EI A. 183 eiZ m7 . ir nt Miner&Ch 2 5 32 32" 32 2 lnt N Can 1 fin a a oti7 , - ? .-8 dc Df 7:::,, iif ,i?-r 64 64 3.1 4 7 4',: RvP r.4nV 2 "3 103 103 " Ry Cen Am. 6 4 4 4 Zll' I VA 44? 44: S 79 8 8 8 ;. 1 8 g 834 5 18. 3 7 17 a U'" 20 201i J. li a,'2 2 143 143 Jacobs v L. ... 5 5, B,, Jaeger M 1 30g 1 5 4 i2a ' 1.- 1 " ' "ou 0'i 90 901A a. Jewel Tea 2.40a 18 S6 55J S6i ' .J" 3i -H0 104 So lSi V xl Johns-Manv 2gll 43 42 42i il JohnsonAJ 1.20 . A do pf 5...q30 83 83 ai i. J0 Mfp 5 on- ,X 55.. ?? . -.-us. cx JU4 31 4. 1. - mt Paper 4a. ao pr 4 lnt lnt Stlvor 6 lnt Tel & Tel. do for ct . . . . lnt Util 1 . . . . Interst D Strs 2 Island C Coal 3 m do of 6. ' Kalamstnvpjtiriin a n,, " Enoi jonn pr 4.q50 104 104 104 Kan ritv fiintK iiH , V. vyn " Equit Off Bldg. 3 5Ti 5 5 lUnsalt pi? ? 4 1 li.. 44 44 2 Erie R R lg... 38 10 10 10 Vter J 1 l" fi !s J Eureka Wms.... 2 4 4 4 KelseS ni;'i'i , S iS 13l 13 Eversharp 19 9 9' 9 do'l?111 ? 20 E-Cello-O 2.60. 9 54 53 54 Vnnett Cop 4g'26 49v2 49 Cent F.R NJ A 4 Cent SW .90 99 13 13 Cent VIM Sug?g 5 12 11 f . pmM nil 1 " n v' Cerro de Pasp 4 18 8 V. 13 11 i 6 4 lim 184 Cnrtnln-teMI.BOt 16 13 13 13 A n,i.iPT rah ..1 7 7 7 ht Ches Corp V 2g 1 1V 22 22, fh - Ohio 3-.113 28i' 27 27 r-hlr.im Torn .60 39 12 12 12 , Chi & E 111 .... 3 4 do A lg .... 2 9 Chi Grt West.. 5 12 do pf 7 18 Cht TndI. A. . 4. 6 Ch MSP-Pac... 9 6 do pf 4r 14 28 Falrb Morse 2g Fajardo Sugar 2a Falstaff Brew la Family Fin 1.20 FAR Liquid . . Fedders-Quig 1 . . Fed-Mogul 1.60a. Fed Mot Truck.. Fed D Strs 2 4 8 1? 18 6 6 4 8 12 1834 6 6 27 27 vern U Land 3 1 7 36 35 36 Keystone SAW 1 1 3 24 24 2414 'Kmbrly-Clrkl.40a 11 X 1"4 1314 IVVt ,4 "00 Pf 4... 6 14 14 14 -itinney pf 5...ql0 71 711 V -n 'scuppers CO 2.. 16 28 273 6 14 14 14 tdo pf 4..;: 2 96 Hit 1 17 17 17 Kresre SS 2.l 5 ins- aZi? 4 4 4 4 Kress SH 2a... 3 S9Ti oi2 KJ-oger co 2.40a 3 57 57 Laclede Gas .20 31 " 71A 7at T am Kb.. . . ,,, . . . " i v'i 1 72 1 Lane Bryant 1 . . 7 ine-wells 2g-. 2 Too Cautious? Do you feel secure 'keeping money in cash? This may not be the safe thing to do! Today you can invest wisely and enjoy a higher income, with the prospect of an increase in value at no material increase in risk. We .invite you to study and consider a few investment plans to fit your particular need. No obligation. FAUSET STEELE - & CO. 1812 First National Bank Building . PitiburgK GRant 1-3883 Member Plttiburqh Stock Exchange 6 32 321.4 32 do pf 4. . .020 103 103 103 Felt&TarrMfe .40 4 10 10 10 Firestone T&R 4 3 48 48 4H 4 do pi 4. . . .q7U luo 105 loe Firth Carpet 1.. 5 12 12 12 Flintknte 2a .. 15 28 28 28 tFlorldaPowl.20 8 -17 16 17 Foliansoee st ip ' xu iu'h io Food Fair St.40a 2 13 13 13ii Food Mach lb. 4 26 26 26i-i do 3 pf..q30 96 96 96 tdo pf 3 qlO 87 87 87 1 Foster Wheeler 1 4 28 2T?i 274 Francisco SugiiE 2 854 8 84 1.4 Freep Sulph 5.. 2 57 57 57 Froedt G&M 1 3 16 16 16 Fruehauf Tra 2 20 20 20 20 do pi 4...qeu 11 ii ii Gabriel Co . .77 5 5 5 5 ' Underwriters and Dealers "'v State and Municipal Bonds fnferesf exempt from presenf Federal income Taxes C.J.DEVINE&CO. INC 2011 First National Bank Building Pittsburgh 22 Grant 1-4120 Lee Rub&Tlre 2a 3 Lees&Sons 1.40a 8 Lehigh CAN iAg U Lehigh Port C 2a 8 Lehigh Val Coal 7 do 1 pf 3 . . . . 1 do 2 pf .. 2 Leh Vai RR . . . . 8 Lehn&Fink g. . 5 Lerner Stores 2 Llb-0-FGlass5?i?. LibbyMoN&L g 13 7 Liggett&Myers 4a 9 85 -ao pi i . . . .qiu iv 46 46 46 52 15 iyrr amnion lnr. im J 1" 71 26 95 40 59 07 7 21 10V, 1 2S i. 21 21 10 10 22 22 io in 18 18 18 T3.' L: nr , .7 45 451.4 2 2 17 17 453, 7 2 1 17 2 5 8 4 5 10 6 23 8 57 37 20 30 20 V, 4d, 43 43 Ilk 1 1 34 34 34 26 26 2fi a- 7 7 7 9 9 9 6 6 6 16 16 16 3414 34 34 Penney (JO 2m 12 53 521! 53 V- Penn-Dixie lg. 6 23 23 23 renn fi Sd l.eo l 32 33 32 Penn P&L 1.20. 3 21 21 21 Penn RR 4g... 52 13 13 13 Peoples Gas 6.. 16 120 119 120 Trepsi-UGia .zog ea b b tPet Milk la.. 4 31 30 31 4 t-etroi corp .35g 16 I2j 12 12 premer Brew 2b s 28 28 2S Pfizer (C) 2a.. 1 51 51 51 Phelps .Dodge 4. 26 46 46 46 PhilCO 6pr3 q520 53 53 53 fdo $6')reI6.o70 101 101 101 Phlla Elec 1.20 14 24 24 24 60 PI 4.40-O90 113 113 113 do J.Bpf 3.80 1 104 104 104 do $- pref 1. 1 25 25 25 FM1 & Rdg 2C 5 141-. 141, j 4 ii Philo Corp 2.. 7 30 29 30 do Pf 3.ql30 84 82 83 Philip Morris 2a 14 51 51 51 AO 4 PI 4... 1 102'.IO2ilO2i4 4 Phillips Pet 3.. 30 57 57 57 PUlsbury Mills 3 3 31 30 30 Pitt Coke .95g. 11 13 13 13 do DI 5....Q20 S4T4 S4T4 '4 tPitt C Coal 3. 1 29V 29 29 JPitt Fort lV.g 5 13 13 13 Pitt Plate lg. 3 36 35 36 Pitt Screw .60a. 4 6 6 6 Pitt Steel . 2 8 8 8 do59rrPf8k.q230 66 64 66 dTprpf4p.q390 56 55 56 Pitt & W Va... 1 21 21 21 1 Pitt. Y&A pf 7. QlO 136 136 136 Pittston Co 1. . 1 22 22 22 Plymouth Oil 2b 8 4 1 40 4o?' a; Pond Creek Potomac Pressed do Krorr a 4;amja ii Pub Svc Col2.60 4 46 46 46 Pub SvEG1.60 16 24' 24 24 14 do 4.08 prq320 103n 1031 103Vi do nref 1.40. 21 29 28 29 Publlck Ind If. 10 15 15 15 do Df 44.. QO PU. HO 24 Pullman 3 .... 22 33 33 33 Pure Oil la . 27 30 29 SO -do pf 5.... 2 107 107 107 K QOC2L1TSOM PRODUCTS itr INDUSTRY J PROTECTED METAL 6AIBEST0S O FLOORS SKYLIGHTS INDUSTRIAL, COATINGS VENTILATORS O DECK H. H. ROBERTSON CO: Piffibyrgh,: Pennsvni -Farmers Bank Bulling OPANELS' iac I .CO 3 1 " i U'j 1j.s ' i id Stl Car. 2 7 7 7 I pf 2... 1 29 29 29 l 6c Gam3a 11 80 80 80 1 WALKER & DOWNING (general gA cAdvertUing, Oliver Building l GRant 1-1900 OUTDOOR NEWSPAPER MAGAZINE BADEO TELEVISION 1 ' J Radio Corp g. 32 do pf 3... 1 Rad-K-On .4 5p 28 RR Sill CenSt Q70 281 12 12 12 14 7 314 7 $ 14 ""4 ,4 5 5 4 41 tLima-Hamtl .60 12 7 7 Link-Belt 4a... . 1 61 61 iiun uu I'M.... a 3Uli 3014 10 10VS 13 13 4 57 57 7 7 85 8 5 118 IV ' f n 61 LiquidCarbonlclb. 8 14 14 14I Lockheed Aire 2 19 23 23 23 16 68 11 16 161. Loews Inc 1 . . 28 LoneStarCem3a. 6 68 Long-BellLbA2.80k 4 21 21 i-i 68 68 tLorlllard P Loulsv GE lg LoulsvANash3.52 Lowensteln 2 . . . Lukens Stl .40a la 11 25 tdo pf 7. . .qlO 166 166 166 1 3 3D JUV4 13 32'a 24 25 1 RRU. 1 KKli 1 iZ 30 30 31t 324 4 23 33 23 2 18 18 18 LEX A OIL CORP. Common Stock Rayb-Man 3g Kayonirr z ... do pf 3 . . . . Reading Co 2.. do 2 pf 2 . . Reeves Bros la. Reliable St 1.60a Reliance Mfg p 714 28 28 23 314 31 19 19 19 H 301-4 3014 30 V i 15 15 15 28 334 31 7 28 28 23' 22V. 7 221', a4 7 '? Rpmlnc Rand 1 24 114 11V4 1114 do. Pf 41A... 1 85 85 85 5 314 8 Repub Stee do pf 6. Rev Cop&Br 1. 3 13 13 13 do pf 5..q230 99 98 99 1 Reo Motors Repub Avia . . . Repub Plct . . . . do pr ims. . . eel la. 1 28 34 2 8 5 3 8 83i 5 3 8 H 49 24 23 23 1 10714 1074 1U7'4 1S 4 4 4 Ppt11 Tlrliff . . 29 Reynolds Met g 2 20 20 20 V. do pf 5. qlO 102H IO2V4 102 Reyn TobB1.80a 4 38 38 38 dn 41.4 nf. .O70 107i 107A 10714 Rheem Mf? 1.60 6 185-i. 18Vi 184 V. Riehfield Oil 2 S3 38 37 38 Ritter Co 1. 2 16 15 15", M. Roan ACop.72g 1 4 4 4 Rob-Fulton C la 68 11 10 10 do of 1.18. 2 27 2754 27- Rohm &Haas lb 1 1 57 56 57 1 Ronson A1W la 26 19 19 194 Roval Type 2.. 4 17 17 17 Ruberold 3b.. 1 59', 59V. 59', Ruppert (J) . 1 9 9 9 S Safeway St 1.60 25 2914 28 29 do pf 5 20 112 112 112 14 St Jos Lead3g 6 41 40 41 St L, San Franle 23 9H 914 14 fdo pf 5... 1 3775, 37 37 St Regis Pap.60 18 7 7 7 (Continued on Next Page) Short Price 15 Cents per TELL1ER & c " . 4-.! I 1911 For Information on Investment Funds Ask for Booklet -P.G.-377 W. H. BABBITT & CO. Union Trust Bldg, Pittsburgh, Pa. GRant 11420 HOW Do you know if Water is Fattening! No. In combination with j salt, however, water may slightly increase & person's weight, as the salt may retard the body's normal loss of water by perspiration. SteeLwill float on Water? Jus fill I drinXir. to brim tn& tw&i ovcr 4tn ordinary stul scwinf ucdlc to t surface cf it vtvet - it vnll float' WHAT KEEPS THE NEEDLE AFLOAT? AkTMOUGH Sim K MUCH WMitlTttAM WTtA.T wpWT or tx NifDxi ttar inougn to i TMf SUVCI TfKS'OH Cf TMi MTCR. SOUTH PITTSBURGH WATER GO. 1 I i 04 )W. R 4MWN. IMM S mSOt. WC MS VHtm I J' '. . 1 V 3 f . 5