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General Foods Coffee Sales Break Record
New York, Dec. 9 (/P).General Foods corporation announced that its November coffee sales broke all records for that month, and at tributed the increase to increased advertising.
Bank Suspensions.
Aberdeen. Wash. Dec. 9 The First National Bank of Aberdeen failed to open for business today and its affairs were taken over national examiner With total deposits of $1 400,000 the institution was capitalized for $150.000 with a surplus of 25 thousand dollars.
Investment Trusts. Dec. asked prices country Wednesday Composite Tr Sh Fixed Tr of Industry American Universal
1931 High
Press complete official list of stock Exchange Gossip Along Wall Street Testing the Lows. trouble for itself. The position of the stock market the opening Wednesday was similar to that of football eleven defending its one- yard line The industrial averages. around which speculative interest has centered for weeks. slightly above ments.) the low of October 5. Long ago the rail average penetrated the October minimum and has declined to succession of new lows in the With the street in its present mood. the through by the industrials will probably lead to further liquidation on the assumption that great deal of stock has been withheld from sale while the industrial averages were being protected. there is a great deal of talk about another "selling Land. climax. In the first third of this month the averages have lost about points, following decline Prepayments of 11 points in November. There is still time and opportunity, howCurrent Assets for making the final month of the year one of the few to end Inventories prices above the average for the preceding month. Total current Congressional Action. Total assets Wall street as usual at this time of the year. is expending much of Prior its conversational efforts on what stock is to be expected from the present Common stock congress. judged by the gist of Surplus market letters Wednesday, never has there been such a strong pros- Current Liabilitiespect of legislation against Wall street and its ways as there is Accounts payable Accounts payable from the seventy-second congress. Total liabilities Old timers, of course. pay little attention to these letters, which by competent analysts, so far as balance sheets go. but whose backgrounds of financial and political history may be rather sketchy A few odd paragraphs out the of published during newspapers sessions of the third and fourth congresses indicate that even then legislators took an interest in the financial district and its ways. One broker, with some half century Wall street experience, recalled that at every session of congress the street has and pretended to be fearful "Why, back in the days of that world financial scandal, the credit mobilier, congress gated, he said. "Then black Friday drew the usual quota of investigations. Many others followed, including the Pugo committee, which did considerable work after the 1907 panic. It is safe to say that there never has been depression in this country that was not followed by many proposals from New York Dec. congress change financial methods "Of course all of these quakings furnish subjects for market letters but the street knows, or should ular know by this time, that many of stock its methods are out of date and might be improved by outside suggestions and proposals. ber 28. Prospective partners planning the establishment of brokerage house at the turn of the year have clared ments the year started looking for few examples paid of what profits could be expected. Paul Thus far they have not found North single house single branch of- the New York fice, started since the 1929 crash, Cream of Wheat that has proved profitable to date clared but they are still looking around. Sales to Capital. In less than two weeks the lar extra in Auburn Auto have amounted to over 500,000 shares. or two and times the out- Chicago, (A. standing capital of this company. Allied Mills Inc In the same period transactions in I. Case have been nearly 550,000 Prod shares. also two and one-half times its This not tell the entire story for in both stocks, Studebaker
