Evening Star Newspaper, December 8, 1928, Page 25

FINANCIAL. THE EVENING STAR, WASHINGTON, D. C. SATURDAY, D HIGH-GRADE BONDS - SHOW WEAKNESS Market Reflects Reécent ! Slump in Stocks—Many ! Declines Noted. BY CHARLES F. SPEARI 8pecial Dispatch to The Sta NEW YORK. December 8—High- grade bonds today were more positively | Weax than they have been since the efteci, of stringent credit conditions be- §Rn to show in the market. Chere were numerous declines of half %m: with special weakness in the long t of 4! ilities which were brought out last Spring. Some of the members of the Iatter group. like Philadelphia Electric and Duquense Light, are off 11z to 2 Woints from the highs of about a month Columbia Gas 5s rallied a point ter selling yesterday 2'2 points under eir recent figure Atchison 4 Union Pacific 4%s, West Shore 4s, Canadian Pacific 4s and Baltimore & Ohio 5s were all heavy. Considerably lower prices were also registered in Frisco 4s and 41,s, West- ern Maryland 4s and Rock Island 4. «There was a spread of selling to the &ctive members of the entire list. St. Paul adjustments were higher #wnd helped by the announcement that 3 per cent would be declared on them in February, as against 2 per cent last Augusi. Dodge 6s were off nearly a int, with the rubber and tire issues | f to 1> lower. i The convertibles reflected the gen- | eral character of the speculative stock market. Anaconda Copper 7s opened 5 poinis lower and Andes Copper 7s 3 points down, and showed little rally. The oil convertibles were also lower, Fluctuations in the foreign group were smay) and without significance. Cotton Exchange Meeting. NEW YORK, December 8 (#)—New York Cotton Exchange members have been called to a special meeting Decem- ber 18 to discuss possible changes in the charter, if the membership approves the plan to trade in cotton mill and kindred securities. CHICAGO .DAIRY MAiKET. CHICAGO, December 8 (#).—Butter— Creamery extras, 50; standards, 48 extra firsts, 48%,a49; firsts, 46a47%%; ‘emnds. 43a45. Eggs—Unsettled: receipts, 3,848 cases. Extra firsts, 45a46; firsts, 40a44; ordi- nary firsts, 30a36; refrigerator extras, 32a32'%; refrigerator firsts, 31a31%p. FIRM WILL EXPAND. NEW YORK, December 8 (#).— . United Cigar Stores of America and its \subsidiary, Whelan Drug_Co., are to acquire control of Neve Drug Stores, Inc.. of New York, subject to approval of Neve stockholders. Neve operates a chain of 65 drug stores in New York. Washington Stock Exchange! SALES. @spital Traction 5s—$1,000 at 1031 31,000 at 10355 Potomac Elee. Cons. 55—$1,000 at 101%. - Washington Rwy. & Elec. 45—$2,000 at 92'5. $4.000 at 921, $1,000 at 92!, $3.000 at 92. $1,000 at 92. Capital Traction Co.—5 at 107%. yChesthut Farms Dairy com.—10 at 180. Chestnut Farms Dairy pfd.—10 at 107. | Potomac Electric 5% % pfd.—5 at 1087, | 6 at 1085. Washington Gas Light—10 at 100'5, 10 at 100, 20 at 100, 10 at 995, 10 at 99. Riggs National Bank warrants—40-265 20-265 at 300, Harber & Ross com.—10 at 21, Mergenthaler Linotype—10 at 10514, 10 | at 10515, 10 at 105%, 10 at 105Y, 10 at 1051, per cent rails and public | J 3., . 1% 26 H 3 3 31 US4uss2 15 Argentine 5s. . . Argentine 6s .Ju 59, Acgentine 8s Oct 59 Arzentine 5158 '62. 1 Argentine 6s A . Argentine 6s B Austialia 435 Australia 58 1955. . Australia 58 1957. . Austria Bank of Chi | Belzium 6 | Belgium 61 Belgium 7s 19 Belgium 7s 19 Belgium Tis Belgium §s. | Bolivia 8s ! Bordeaux 6s.. .. Hrazil 6158 1926, Canada 5s 1 Canada 5s 1 Chile 6361 Chile 7s 1943, . Chinese Gov | . Colombia 6= Jan'61 Con Pow Japan 7s. Copenhagen 414 5. Copenhagen 5s ct. . Cuba s3as. .. g Danish Munic 8s B. Duteh East 1 6s 47. Finland 51 Finland 7s. French 7s. French 71 German EI P 63s.. German 7s. .. Ger Gen Elec 7s. Haiti 6s. Hungary Ti;s. Italy 7a..... Italian Pub S 7s. Tapanese 4s. . Japanese 61;s. Lyon 6s. Marseille 6s Milan 61s. ontevideo 7s etherlands 6s 72., New So Wales Norway 6s 1943.... orway 6s 1944...,., Norway 6148 1952. . Orient Dev deb 6s. . Paris-Ly-Med 6s. Paris-Ly-Med 7s. Peru 6s 67 wi. Peru 7s. Peru7ls. Poland 6s 40. ..., Poland 7s (rets). Poland 8s. ... Porto Alegre 8s Prague 7%s. Queensland RhineWst EP 6s'53 Rio de Janeiro 6%s Rio Gr Do Sul 8s. Rome 61;s. Sao Paulo 0 Paulo 19, Soissons 6s. . ... Toho El Pow T7s.... Utd Kingm 53%s 29, Utd Kingm 5155 37, Utd SteamCopen 6s Yokohama 6s wi... Ajax Rubber 8: Am Cotton Oil 55 Am Sugar Ref 6s... Am T & Tl tr4s.. AmT&T cl trb AmT&Ts{bs AFTER CALL. Potomac Electric 6% pfd.—i at 111 Washington Gas 6s “A'—$200 at 1022, Mergentrales Lindtdpe_10'at ergenthaler Linotype—10 at 1051, 50 at 10513, 50 at 105 < Washington Gas 65 “A"—$300 at 102%. "—$100 at 104, s Washington Gas 6s * Firemen's Insurance Co.—40 at 37. TUNLISTED DEPT. Raleigh Hotel Co.—20 at 90. Bid and Asked Prices. BONDS. & Telga. 4% .. & Telgn, 4'as . & Tek ctl_tr. 5s.... Anacosiia & Pot. R R. 88 ..... ina. & Pot. guar. 5s. Telephone 58 & Suburba tomac Elec. cons. 57 tomac Elec, 65 1053... .. s MISCELLANEOUS. Barber & Rocs, Inc. 6%s. bam.-Venbit. “Hotei. 62 tnut Farms 'Dairy 6 vy Chase Club 5%as.. iC. Paper Mfg. 6s.... .. ob. Joint Stock Ld. BK.. 55 ‘ash. Mkt Cold Storage s, Wash. Cons. Title Co. 65 ardman Park Hotel 50 STOCKS. PUBLIC UTILITY. mer. Tel. & 2 apital Tractio p Washingion Gas jorfolk & Washin Potomac Elec otomac Elec iash. Pvy ash. Rwy. ten. 3¢ L el & Elec. com.. !l & Elec. prd.. NATIONAL BANK. pital. .. jational Ca Poluuibia mmercial District deral-American berty . incoln [Rational Metropol Am Tel & Tel 53 Am Water Wks 5: Anaconda 1st 6s. Anaconda cv db 7s. Andes Copper 7s. .. Armour&Co43%s 39 Armour Del 5% Atlantic Refin 5 Barnsdall 651940, . Bell Tel Pa 55 C.... Bethlehm Stl pm 58 Bethlehem Steel 6s. Bklyn Edison b Bklyn Union 53%s. . Bush Term Bldg 5s. Certain-Td5¥%srcts Chile Copper bs. ... Colon Oil 65'38. ... Col Gas&E| deb 5. Con Coal Md 1st 5s. ConGas N ¥ 5%s.. Cuba Cane cv 7s. Cuba Cane 85 Cuban Am Sug 8s.. Dery (DG) 75. ... DatroitEdison5s90. Duquesne 43%s 67.. Fisk Rubber 8s.... Gen Asphalt s 36.. Gen Mot Ac Cor 6s. Goodrich 8%s. Goodyear 58 rets. Hoe & Co 6%s. Humble Oil 5s. Illinois Steel 4%s. . Inland Stl 414578, Intl Cement 5s 48.. Intl Match bs 47... Int Mer Marine 6s. Int Paper 5s 47.... Inter Paper 6s. Int Tel&Teleg 4 Kelly-Spring 8s Laclede G 53%s 52. . Liggett & Myers 7s Lorillard 5s....... ManatiSug st 713, Midvuie Steel 5s. Mont Pow 5s 43. Mont Power deb 3. Mor's&Co 1st 435, N Y Edison 6%s. NYGELH&P s, NTTACEAY. . ... North Am Edis is. . - | NoAmE TRUST COMPANY. merican Security & Trust Co. 450 ontinental Trust 5.0 135 erchants’ Bank % ational Savings & Trust.. ashington Loan & Trust SAVINGS BANK. [Bank of Bethesda. ommerce & Savings.. [East Washington tomac s urity Savings & Com venth Street. 9 Junited States. 3 ashington Mechanic: FIRE INSURANCE. iremen s jational Union’ TITLE INSURANCE. olumbia Title i Estate Title = & Inv. Co. of Md. com ! . Cons. Title pfd.. ... MISCELLANEO! arber & Ross. Inc.. rom ‘hevy Chase Dairy pfd... esinut Farms Dairy com hestout Farms Dairy pfd.... Pol. Send & Gravel ptd... mmercial Natl Co. pfd C. Paper Mfg. pfd t. Natl. Securities bfd ral Storage pfd.... ederal-American Co. 'com deral-American pid. nston Monotype. ... jerch. Trans. & Storage. erch. Trans. & Sicraze ergenthaler Linotype. 1 Mtge. & Inv. pid.. eoples Drug Stores pfd urity “Storage. 5 er. Ref. & Whrs. Corp vash. Conv. Hall pfd ash. Mech Mtge. com ash_Medical Bldg. Corp joodward & Lothrop pfd *E; ) | Pacific Gas & EI 5s. Paramount 6s 1947, Pathe Exchange 7s. People s G . Phila Co 55 67 w Phila&ReadC&1 5 Philips Petro 51 Postal Tel & C 5l s Public Service 4155 Punta Alegre 7s. ... RemingtonAr 6s Rem Rnd 5125 war., Sinclair Oil 6s. nelair Oil 6 nelair O Is. nelair Crude 514 s kelly Ol 5. . outh Bell Tei 53 { S0 Por Rico Sug 7s. outhvest Bell 5s. Stand Ol N J o5 46 Tenn Copper 65 41. TennElecPow 6s 47 | Transcont 011 61 | United Drug 5s 53, U S Rub Istrf 5s. . US Rub 7% U S Steelsf5s.... Utah Pow & Lt 55. . Vertientes Sug 7s. . Warner Sug 7s 39.. Westn Union 6s 51. Westn Union 6% Westinghouse 5s Willys-Ov 635 3 Wilson & Co 1st 6s. WinRepeatAr 1 %s. Yngstn S&T 5s wi. dividend. cents extr Luigi Zaccheo, known in Arona, Taly, s, “dean of innkeepers,” recently died ‘the age of 90, Ann Arbor ds...4 .. Atchison ad) 4s..., ON NEW YORK AnSmit &R 1st 55. 16 1 90% 8 100% 10014 1001 95 94% 100% 108 101% 100% 103% 99 101% 104 9% 1 0017 9318 9922 111 26 111 20 FOREIGN. Sales. High. Low. Close 90% 100% Close 9918 100 12 100 20 98 18 T 22 111 20 90% 100% 100% 6% 1001 100% 2 105% 1004 94 94 100 107 101% 100% 103% 100% 93 MISCELLANEOUS. 103% 99 100% 104 99y, 1035 104% 106% 98 4 105% Por Ric Am Tob bs. 137 4 Pressd Steel Car 55 30 45 \ 23 104% 102 102% 107% 1005 5 2 RAILROAD. 1 9% 1 8™y 155 179 93 91y 100% 101% 105% 1025 1074 10: 11 11 105% 100% 24 94 100 1071 10115 100% 103% % | Disconto ~ Gelischat 9915, 9 Taly 1011, 9 104 102% 1027 107% 100% 1061 1 9615 87% ECEMBER 8, 1928, U FINANCI AL, “BONDS sroe sxcuanc] Received by Private Wire Direct to The Star Ofice UNITED STATES. | (Saies are (0 $1.000 ) Sales. High Low 9917 9917 & 100 12 100 10 100 20 1 98 28 99 Sales High. Low. Clos Atlantic CL 4%s 64 10 97 Atl & Dan Ist 45 43. 1 |B&0OGold 4 i |B&Ocvialps.. . 20 {B&O 1stbset 3 [B&O Tt imp bs. 11 {B&OToleaods.... 14 Bang & Aroos 4s51 1 Brooklyn Elec 6%s. 7 Brooklyn Elev 638 1 Bklyn Mannat 6s.,. 40 Can Nat 4155 30 Can Nat 4135 54 Can Nat 4345 57 Canad North 7s. Canad Pac deb 4s Can Pac 4% 46 ar Clinch&O 6s Central of Ga 6s. Central Pacific 4s. . Cent Pac 1st 55 90. . Chesa Corp 55 w 1 Ches & O cv 4345, Ches & O zu 43 CB& Q4%s17 Chi&E 111 &n 5: Chi Gt West 4s CMSP&Pacad;iss; Chi & NW gn 3%s. . s T&Pean4 Chi R1&Prf4s Cuba Nor 5ss ets. . Del & Hud 1st rf 4s Del & Hud Deng& RioG 3 D& Rio G imp 5! Erie 1st cons 4 Erie cvt t ) Great Great Nor gen 7s... Green B & W deb B Hav 5185 Hud & Man re! Hud & Man aj bs. (11 Cent 4% s 6 Int Rapid Tran 5 jInt Rap Tr s stpd. Int Kap Trans Ts. .. Int&GiNor adj 6s 5% v C Am 6s 1., Int Ry C A 6%s ret. Kansas City S 3s. Kan City Term 4s Lake Shore 4s 31. . Lehigh Val cn 4s Lehigh Val 58 200; Louis&Nash uni 4s. L &N 4%5 2003 Louis & Nash 7s Man Rv 1st 45 90..,., Market St 7s 40 Mich Cen deb 4 Mil B1 Ry & L 5s 61 M St P&SSM cn 4s. MStP&SSMis38gtd M StP & SSM 6%s. MK&T4sB... Mo Kan&T 4%s 78 MK & T adj 5s.... MK &Tprinbs A Mo Pacific gen 4s.. Mo Pac 5s A 65. Mo Fac 58 F77.... Mo Pacific 5s G '7 Nassau El 4s 51, NOTex&M 4% 56, N Y Cen gen 3%s.. N Y Cent 4s 98, ..., N Y Cent deb 4s. . NYCrfim4¥%s... NYCentrfss N ¥ Cent deb 6: NYChi&StL 53;sA. NY NH&H cv db 6s. NY NH&H cit 6s. N Y State Ry 43s NYStateRy 6%s 6 NYW&B4ks. Norfolk & W en 4s. or Pac 3§ 2047.... Northern Pacific 4s. Northern Pacr i 6s. Ore Short L rfs 4s. Ore Short L 5s gtd. Ore Wash 1st 4s. Pennsyl gen 4%s. . Penna R R 4%s '63. Pennsyl 6%s. . Pennsyl gold 7s. Peo & E 1t 45 40. RIArk& L 4 StLIM&S 4s29... St L IM&S R&G 4s. SIL&SFpl4sA.. StL&SFr4%s78, S.L&SF35%sD StL &S Fadj 6s. StLSW Istds.. StL S W con 4s 32, San A & Arn P 4s.. Seab A L ref 4s.. SeabAL ad) 55 1949. Seab A L con 6s.... SBAIlFlats3s A, Sou Pac 4529....y. Sou Pacific ref 4s Sou Pac 4%s rets Sou Ry gen 4 Sou Ry Con 5: Sou Ry 63 56 Sou Ry 6% Sou Ry Mo & O 4s Texas & Pacific 1st, Tex & Pac 58 B 1977 Third Ave ref 4s 60. Third Ave adj 5s. Union Pac 1st 4s... Union Pac 1st rf 4s. Union Pacific 4s 68. Wabash 1st 5s. . West Maryland 4s.. Western Md 5%s=. .., West Shore 4s 2361. A 101 1004 i SehunnmwmwRicaemano— » weRaBe en 98% 894, 877 102 8014 100 87% GERMAN BONDS AND STOCKS. Speclal Dispatch to The Star. NEW YORK, December 8.— Bid. Asked. 55.00 60.00 ool . rs bermillion marks) oo 20.00 3000 thousand marks.) re-war... 22 19 99%, B3% 8Th ctfs att per 100 R M. Ger Govt Loan_‘without draw ctfs per 1,000 R M.. (Quoted in- dols Hamburg 4%as 191 (Quoted in dol Ger Gen Elec 4 Ger Gen Elec 4145 1 Berlin 4 Io" Govt Red Loan with draw t 8338333333383 8k882858,35 8 Frankfort a-M 4s pre-wai . Munich 4s pre-war. i (Quoted in doliars ‘per shari AE G (B Ge Elec)... . |AF G (Ger Ge Elec) pid B | Coramerz and Privat Bank. Farben. . 3 Berliner Handels Dresdner Bank. Deutsche Bank_ .. Darmstaedter Bank. | Heyden Chem Mercur Bank Vienna ... | North German Lioyd . | Austrian A E G (Gen ‘Bieci | Rudolph Karstadt B | 3 | SHORT-TERM SECURITIES. (Reperted by J. & W. Seligman & Co.) Bid. llis-Chalmers Co. 5s 1937... 100 | Aluminum Co. of ‘Amer. 5s 1952 101 Amer. Tel, & Tel. Co. 4s 1920. 99" Anaconda Copper 6s 1929..... 99 Balto. & Ohio 4's 1933 Batavian Pet. Corp. 44%s Bell Tel. of Canada 55 1955 California Pet. Corp. 5%:s 1938. Canadian Nat. Rwy. 4 1930, Canadian Nor. Rwy. 4 & Ohio Rwy. 41 i 0 Rock Island 4s 1934 . Colorado & Sou. Rwy. 4s 1929 Columbia Gas & Elec. 5s 1952, Cudahy Packing Co. §%as 1931 Edison El. 1I. Boston 4145 1930 Gen. Mot. Accep. Corp. 8 1937. General Pet. Corp. 5s 1940... Goodyesr T. & 58 1957, Grand Trunk Canade G5 1936 | Gulf Oli of Pr. 55 1937....... Humble Oi! J'2s 1932.. 101 Michigan Cent. Rwy. 4s 1929.. Oregon Short Line 4s 1929.. Pure Oil Corp, 528 1937. . Shell Union Oul Co. 5s 1947 Sinclair Crude Ol Co. 8t4s 193 Southern Pac. R. R. 45 1029, . 96! Standard OIl N. Jersey 55 1946: 10211 St. L., Ir, Mt. & So Ry. 4s 1929 987 Swift & Co. 5s 1932 . . Union Gil Co. Calif..5s 1935 U. 8. Smelting Co. 5'.s 1935 Western Electric Co.’ss 1944 ‘Westinghouse El. & M. 55 194 ‘Wheeling Steel Corp. 5'2s 1948 NEW YORK BANK CLEARINGS. NEW YORK, December 8 (Special). —New York bank clearings, $1,693,- 000,000; New York bank balances, $132,- BaZaBESSHSREES o il awll 33323233823388 3388538588 5 1031, 101 CURB SHARES DROP | N SHARP REACTION Forced Liquidation Causes| Slump in Many Issues. Few Rise. BY WILLIAM F, HE Special Dispatch to The Star. NEW YORK, December 8.—Forced liquidation of accounts which had be- come impaired as a result of yesterday's acute weakness carried curb stocks down sharply today. One of the outstanding weak stocks was Niles-Bement-Pond, which broke over 10 points before selling ran its course. Around today's low it was down some 40 points from the high. Its re- action was just one instance of what was likely to occur in numerous other volatile specialties. Grigsby-Grunow at 108 was down 8 points on the day. Losses of 1 to 2| points were common in other recent speculative favorites. Marmon Motor, around 72, most 5 points and Stutz was subject- ed to heavy selling pressure. Other motors, however, encountered fair sup- port. As a group, the mining stocks work- ed lower, but pressure was not pro- nounced. Electric Bond & Share Securities, one of the most prominent of the hold- ing companies, dropped almost 5 points on a heavy turnover ,and United Gas & Improvement was pressed for sale. Marconi issues were changed ohly fractionally, but no effort was put forth 'ERNAN, lost al- | to rally the market for Canadian Mar- coni following the recent drastic break. Among the few issues moving con- trary to the general trend were Neve Drug, class A and common. At 34 the former stock was up 3 points. The demand was influenced by the report that control of the company is to go to United Cigar Stores and Whelan Drug interests if terms of the acquisi- tlon are approved by Neve stockholders. American Smelting & Refining new shares broke sharply and Montgomery Ward new sold at a fresh low on the move. The ticker failed to keep pace with transactions on the fioor. INDUSTRIES THRIVE ON COLOR CHANGES “Eye Appeal” Plays Impor- tant Part in Sale of Products. BY J. C. ROYLE. Special Dispatch to The Star. NEW YORK, December 8.—Ability to | distinguish colors and their graduations is as important to the business man and salesman and manufacturer today as it is to the railroad engineer, It may not be long before color tests are the rule rather than the exception in many of the manufacturing indus- | tries. This is evidenced by the trend now being taken by retail trade and by the fact that artists and dye experts have been called into consultation by many of the basic industries. been recognized in the textile lines, and it is now regarded as a greater factor in sales than ever before. The looms of, the country today are turning ‘out fabrics with more designs arid more in- tense colorings than ever before. The blending of these colorings is the im- portant factor and none but an expert can achieve the desired effect. Uniformity of Coloring. The necessity for uniformity of color- ing has been deeply impressed on the manufacturers by the return of thou- sands of yards of cloth which showed variations of shade. This has been especially true of the bias type fabrics so extensively used in dress manufac- ture. This emphasis on the uniformity of color in dress is due to the trend to en- semble costumes in which dress, stock- ings, shoes, hats, bags, gloves and other accessories must synchronize or contrast happily. Failure to produce such re- sults has resulted in a tremendous de- mand for white shoes, stockings and gloves, which are being dyed the exact shade desired. As a result the various industries involved in the women's wear fleld are co-operating to stabilize shades. The trend toward stabilization of colorings in automobile decoration and upholstery has been no less marked. “Eye appeal” has been a big sales fac- tor, and its impoytance is growing, ‘The stabilization of color extends even into the agricultural products. Flour to meet®customers’ demands must be of a definite and constant shade of white. [ Corn is judged to some extent on its | coloring. "A strong effort is being made by the big baking and confectionery concerns to stabilize the color of bread. ‘They are endeavoring so to regulate their ovens that every loaf shall have the same shade of brown on top. Crackers, cakes and cookles also afre watched closely for color variations. Candy and Jewelry Lines. Candies depend on their uniformity and beauty of coloring for much of their sales appeal. The same applies to soft drinks, to ice creams and a score of other food products. Fruit is being graded according to color. The trend toward colored cooking and kitchen utensils, the popularity of colored sheets, pillow cases and towels and the mod- ernistic trend of furniture have all emphasized color importance. Jewelers have always judged the fine- ness of gold and the metallic content of copper roughly by the colorings of those metals, while the development of new lacquers and paints, many of which ara designed to be applied by the purchaser rather than by a professional painter, has brought new problems to the paint and varnish manufacturers. The grading of tobacco has always ( been a matter for the eye of a color ex- pert. The tremendous volume of leaf used in the manufacture of cigarettes has put a_premium on the expert able to blend the various purchases of raw material along color lines as well as along those of flavor. COTTON PRICES BREAK. Drop on Exchange Follows Bearish U. S. Report. NEW YORK, December 8 (#).—Cotton | prices broke $2.65 per bale on the New | York Cotton Exchange today when the final Government estimate of the cotton crop indicated a yleld of 14,373,000 bales, or greater than had been expect- cd. Selling was general and heavy, with | spinners buying freely below the 20| cents a pound level. Futures closed easy. 37 to 44 points lower; December, 19.85-19.88; January, 19.75-19.76; March, 19.80-19.83; May, 19.75-19.80; July, 19.50-19.55. Spot, quiet; middling, 20.00. Motors on China’s Rivers. TIENTSIN, December 8 (#).—Ameri- can-made outboard motors are adding 2 bit of noise to the usually quiet traf- fic on China’s Hai Ho River and other waterways\ of the north, where sails and cars alone have been used. The shallow streams bar the use of larger vessels and the outboard motor boats have become a popular means of travel 000,000, New York Federal Reserve in a section which lacks #ail and road credit balances, $117,000,000, Iacilities, The importance of color has long| Following is a list of stocks and bonds traded in on the New York Curb Market today: Seles in INDUSTRIALS. hundreds. Hi 85 Acoustic Prod .. 4 Adams Millis 9 Aero Sup Mf A 1 Aero Sup Mf B 1Agfa Ansco pfd 1Ala Gt South... llied Pk pr llied Pk § pfd... llison Dr B Ipha Port Cem fum Co Amer. Alum Ltd Am & For Pow wai Amer Arch Co.. Amer_Cigar & Am Com Alco vie Am Cyanamid B. .. Amer Dept Stores. .. Gas & El. .. Gas & E pfd 3 Amer o 7y Amer L 3 Amer 20 Amer 14 Amer 22 Amer 19 Amer. 2 Amer 4 Amer 1 Amer fd. Nat Gas Rayon Prod Roll Mill Smelt & Ref @ §&Gpopfd. .. States Sec A States Sec B Sta Sec war Stores ... Super ‘A 2 Amer Superp B 1 Amer Super 1 pfd. 3 Amer_ Super rts. 3Am Thread pfd. .’ 4 Anchor Post Fence 9 Anchor Cap . 2 Anchor_Cap pfd. ! 8 Anglo Chil Nitra.''. 2 Apponaug Co . 3 Amoskenr 4Ark Nat Gas LArk Nat Gas pf . 14ss0 Dye & Prini.. TAsso Gas & El 'a ‘AsS0 Gas & El wi 18 Asso_Ray TAU Fruit & Sug 11 Auburn Auto Co 7 Aviation Co of Am 1 Babcack & Wilcox 23 Bahia Corp . 2 Bahia Corp pf ..l 4Balab & Katz vié! 7 Bancitaly Fi 6 Bellanca Afr vie .1l 1 Blauners 3Blaw Knox 19 Bliss E. W 4Blum 80 13 Boente A & T 111 6 Boenik A & T pf 8Bohn Al & Br .0 4 Brit-Celanese Lid 1Bway D Str ist 3Bkiyn City R R . 8Budd Mfg ... 2Buf Niag & E P 6Buf Niag & E P A % Bullard Ma T.. 46 Butler Bros : 1 Campbell Wyani .. . 168 Can Marconi W. | 4 Carnation Milk %4 Casein Co...... 1 Caterpil Tract 1 Cavanagh Dobb.. 27 Celan Cor Am.. 2 Celluloid Co n.". 215 Cel Qo..... 1 Celotex Co pid 1 Cen' Aguirre Sug. 2 Cen Aguirre Sug’ cod 7 Cent Pip Cor.. 30 Cent Pub § A 111l 2 Cent States Ei 2Cent Sta EI conv pid 2Cent Sta El pfd ww 1 Charis Corp ... 58 Chieck Cab Mig 108 Check Cab Mfg ris ¥z Childs Co pid...... S P&L 7s pfd 3 City Mach & Tool. 1Clark Lighter A.. 2Club Alum Uten! 1 Cohn-Hall Marx 5 Colg Palmol P. 2 Colts Pat Fire: 1; Commonwith Ed i Common P pfd 32 Cons Auto Mer vic., 13 Consol Dairy P.. 11 Consol Film 16 Consol Lannd 2 Cons Ret Strs 1 Copel Prog A 3 1Crosse & Black pid. 3 Crowley_Milner 2 Cuneo Press 1Curtis Mfe .. 8 Curtiss Aero Exp. 70 Curtis Flying Ser 1 Davenport Hos 5 Davis Drug cfs 1% Deere & Co. 143De For R C 1 Dinkler Hot A ‘ww. 15 Doehler Die C C. 2 Dominion St Ltd 8 Dourlas Alrcraft wi 3 Dubilier C & R. 2 8% 8% 1. Duke Pow. ........ 17 147 63 du Pont de Nem'in wi 1367 135 135 1 Duplan Silk .. 247 U 24T 76 Durant Mot . 1 13 1Duz Co A vi¢ .I.: EE R ) 1 East States Pow B e 310 a1 El Bond & Sh Cor ... 14815 141~ 14217 El Invest Inc T4% 3% ELP & L opt war' . Elec_Shovel C pt pf Em Pow Cor ... Evans Auto Load Evans Wall Lead Fageol Mot Co irchild_Aviat A 5 Amer 9 Amer 23 Amer 78 4 1101 110% 3014 31 65 ' 8 14 3% 3% 735 23 417 68 105 e 68 105 n of 10812 1081 334a ' 3; 8 21 4 33 1 19 0 2 k § 2 i 2 8 s Fireman Fund ins.. 2 Firestone Tire 5 1Firest T 7s pfd 9 Fokker 453 Fox Theaters A.. 1 French Line.... 128 Freshman_Chas 4 Gears& Forgin, Gen 128 Gen 164 Gen % 53 Gen Bak pfd 4 Gen 99 Gen 1Gen 1Gen Fireprfy Gen Laund, Gen Pub Ser.. % Glen Alden_Coai. .. Gold Seal Elec... .. oldberg Stores pid. tham Knitbac Ma anite City Stl Grigsby Grunow Ground Gr Shoe cif Hall Lamp........... Printing ppin C 2 2 a 1 ¢ 0 ¢ ¢ 3 0 1 1 1 Hall 20 H Heyden Chem Hiram Walk G & W Hires Ch A Holt Henney Hoov St Ball Hormel G Co. Horn A C.r..000. Horn & Hurd......0; Household Finance pd 14 Huylers ... i 23 Hygrade Food 2 Insur Co N A 10 Insur_Secur . 22 Intl Harvester new.. 188 Inti Nickel wi..... 2Inu Prod.... i1Intl Project. 8Intl Saf 4 Intern Ut A 73 Intern Ul B[ 1l1 11Intern Ul pfd ww.. 11tal Superpow A.... 11tal Superp deb ris.. 2 Kemsley-Milbourn 21 Keystone Aircraft 1 Kimberly Clark. 1Kinear Stores 1Kelin E... 1Klein S’ pfd 6 Lake Super C. 6 Lakey Found & 2Land Co Fia 10 Lefcourt sid 5 Lefcurt Real pid 11 Leh Coal & Nav . 8Leh Val Cefs ¢ 0'd. Libb Owens Sh Gi.. 9 Libb Ow 8h Gl ris.. 1Libby McN & L n 2Lit Bros 2 Long Isl_Li 1 Ludwiz Baum fd.. 1 Mapes Cons Mfg 40 Marconi Intl Maj 141 Mare Wire Lond B. . 6 Marion Steam Shov 31 Marmon Mot 2 Massey Harris. ... 14 Mavis Bottling ... 4 McLellan Stor A’ n 2 Mead Johnson 6 Mesabi_Tron Metro Chain Strs . Mid West Uil 2 Mohawk Hud Pow 1y Moh Hud 1 pfd.... 1 Mohawk Hud wi 7 Mond Nickel rcts 185 Montg Ward ... 2 Montecat deb ris 2 Moore Drop Forg A 8 Municipal Serv 1 Murphy G C 3 Nathan Straus 1 Nat Bancserv . 3 Nat 5 Nat nwi 2 i 3 9 3 2 55 3 1 3 3 1 » 13% 13% 9 37 38l 391, 39 39 15135 148% 1507 31% 29 313 161 I 9% 13% 2814 491y 99 331 32 13475 125 430 62 30t 783 3 6" o 30w Theater Sup 3 Trade Journal 2 Nebel Oscar ...... 13 Nehi Corp 35Y 335 185 @ 165 24 221y 48 48 tagara Shares Niles Bem Pnd Noma Elec 2 North Am Utiiity ' 59 North_Enastern Pow. . 3Nor Sta P A ...... 2 Northwest Engrg . 2 Novadel Agne 3 Param Cab M 3 Parke Davis Co 9Penn Ohlo Ed ...0.. 7 Penn Ohlo Ed war .. 1Penn Wt P C ... 2 Pet Milk .. 2%, Phelp Dodge Cor 6 Philip Morris ... (Louis) B. ar & Co pfd ierce Governor ... itney Bowes P M . & Lamb C [0 rop_Silk Hos Mil Pub S P & L... 43 100 NEW YORK CURB MARKET Received by Private Wire Direct to The Star Ofice 1Pub 8 P & L pfd Rainbow ' Luminous. Ray Bestos_.. Vs Real Assn _BKI: « 1Rep Iron & Steel ris 2 Rep Motor Trk vic... 2 Reynolds Metal. ... 4 Reynolds Metal pfd 6 Rice Stix Drvgas. is Richman Bros 7 Ritter Dental 6 Roch Cent P 4 Ross Stores 51 Royal Bak Pow 30 Safe-T-Stat 11 Safeway Stores n 58St Regis Paper 188t Regis Paper i 3 Schulte Real 4 Schulte United .0\ 2 Schutter-John C A! 5Sec Gen Am Inv... 3 Sec Gen Am Inv pid. 1 6 Seeman Bros .. 5 3 Seiberling R C 1 Sentry Safety Control 33 Serv El n vtc . 5 1Serv El n_vtc pid 1! 6 Sheaffer Pen 2 Shredaed Wheat 18ierra Pac E ... 1 Sikorsky Aviation 2 Silica Gel vic 1Silver T & Bros . ts Smith Co (AO).! 13 Southeast P & L'n 23 Southe P & L war nll outh 2Sou C E B pfd e 1 Southern_Ice & U B 17 5 Southw ~ Stores 5 2% 13Spald A G & Bro. .. 2842 1851 Asbestos 57 Spanish & Gen reg. 6 Sparks Withing 6 Spencer Kellogs 1 Spieg M Stern pfe 17 Stand Mot P 1Stern Bros B vic.. 5 8troock .Co.,........ 18 Stutz Mot ... : 44 Swift Intl . 2 Swift & Co : 2 8wiss Am Ei pid 8Syra W Mach B 21 Taggert Corp 4 Tampa EI n. .l 3Tenn Prod ."1:1.11l0 4 Thomps Prod ‘A . 7 Thomp Starreit Co pt 3 Timken Det Axle.... 17 Tishman Realty ... 5Todd Ship 1 Toddy- A 3 Toddy vtc' B. 41 Trans Am T . 00 44 Transcon Air Trsp. . 3 Trans Lux Pict.. 12 Truax Traer Coal 3 Trunz Pork i s Tubi Art SB vic.[..] 2Tulip’ Cup Corp..... 7Tung Sol L A 3 Union N G Can 5 Union Tobacco 9Uni Biscuit B. .. 3Uni Carbon vic 15 Uni Elec bond r 48Uni G Imp C MU Lt & P A0 2Uni Piece Dye Wks or & Sec pid reight i U Aviation qadcca: SealSuaum—a 61 Warner Bros Pic 1 Wash Gas Lt.. 8 Watson J W 2 Wayne Pump 17 Westvaco Chiorine i Wheatsworth ........ 5 Wildar Food Prod . 1Whi Sew M deb rts 1 Wieboldt Stores 4 Willlams_(R C) wi. 6Winter BJ ......... 4 Wire Wheel ‘Corp .. 2 Woodworth Inc : & Zenith Radio 1 Zonite i n'pd § Eales In MINING STOCKS. hundieds. 22 Carnegle Metals . 5 Com Tun & Drain 26 Cons Cop Mines 2 Cresson Gold . 1East Butte .. 17Eng Gold M Lid 1 180 Falcon Lead Min . 44 Golden Center M . 5 Hecla Min 11 Hollinger .. 38 Hud Bay Min & Sm 2 Iron Cap Copper . 10 New Cornelia Newmont Mining 1% N J Zinc .. 6 Nipissing 71 Noranda "' 143 Ohio Cop . - 1Premier Gold M 11 1 Roan Antelope Cbp.. 28 Shattuck Denn 17 Tech Hughes 10 Tonopah Ext 40 Uni Verde Est 8 Utah Apex 5 Walker Mines . 54 Wendon Cop 4 Yukon Gold Sales in INDEPENDENT OIL STOCKS. hundreds. 10 Am Con Ollfids . 123 Am Maracaibo C 82 Barnsd_ deb rts 320 Carib Synd ... 114 Cities Serv n 2 Cit Serv pfd ... 4 Cittes Serv B pid 8 Columbia Synd 3 Colon Ol . 26 Creale Pete 5 Darby Pete ... 1. 5 Empire G & F'is pid. 16 Gulf Ol Pa o 12 Homaokla_Oii 10 Houston Gulf G Intercont Pet Lion Oil ... 10 Magdal _ Synd 7 Mount Gulf 8 Mount Prod. 25Mo Kas P L. 5 New Bradford 0. 3 New Mex Ariz La 6N Y Pete Roy. 25 Pac Western. 6 Pandem OIl. .| 30 Pantepec Oil- : 5 Plymouth Oil: 11110 13 Reiter-Foster 'Ol . 10 Royal Can O & R S RYAN CON:.. . cvov. 28 Salt Ck_Pr 97 Texon Ol & Land.. 2Tidal Osage O...... 2Tid Os O non-vi 1022 102% 133% 13302 933, 9022 28 ac West: Ol 63 | enn P & L 55 B '52 hila E P 52 '712. ERRE] 5Rem Arms 5s 10 Richfield O 5iss 20 Roch _Cent Pow 15J Ryeson & Sons 5s 96 2 Schulte R Est 6s x.. 931 10 Servel Co Del 5s.... T8 27Shaw W & P 4128 A 95 1Shawsheen 7s .. ... 98 22 Snider Pack 6s 1l 95'; 1Solvay Amer 55 A . 98's 21 Southeast P & L 8510413 3Sou Cal Ed 5s '51..101% 1Sou Cal Ed_5s '52..101% 8Sou Cal G 58 '37 . 3 Southw P & 14 Swift & Co '5s... 1Tex P & L 55 0. 9875 8Tru Traer Coal 81351011z 1Ulen & Co _6'as . 999 5Uni Lt & Rail 550 20 Van Camp Pack 8s 1 Webster Mil 8las 3 Western Pow 3 Wheel Stl 41:s B 11 White Sew Mach 65 4Wisc Cent 85 Sales in FOREIGN BONDS. thousands. 5 Aeri Mor Ba 7s '46.. 2 Baden 15 §Berlin 651 2 Berlin C E 6133 10 Bolivie s 2 Buenos Air 3 Buenos Afres 7'as.. 12 Cauca_Valley 7s. 96 2 Cent Bk Ger Sta 65 B 85% 2 Com&Priy Bank 5'as 1Danish Cons 55 5 Danish Cons 5153 5 Pow Ger 8lxn 2 Eur Mtg & Inv Ts C. 26 Finland Res, Mtg 6 15 Frankfort 6%s . 16 Free St Prus 6s: /... 1Free St Prus 6125 3 Ger Cons Mun 75 5 Ger Cons Mun 6s 42 Ger Pr & Com 6las A 3 Hamburz E 75 .. 3Indt M Bk Finl'is 3 T-arco Hyd Elec s 7 Isoita Prasch 7 ww 26 Ital Superp 6s 81 | 8 Jugo Sta Mo Bk 75 .. 8214 3 Lombard Elec 75 A ' 102 5 Manst M & S Ts ‘417 10112 13 Mendoza 7%s ‘51 ... 97%% 1 Minas Geraes 6s ..... 947 1 Montevideo 65 A 9534 1ior Bk Botoln i 9211 or o 5 " 2 Mor Bk Chile 65 '31.. 1Mor Bk Denm 95 ix 7 Muni Medellin 7s ... 10 Nippon_Elec 6'as .. 6 Russ Gov 6'as cfs n 2Santa Fe City 75 .. § Santiaso, 75......... 6 Silesia_ 75 3 10 Stinn Hugo 75 '38 wa 90 1Stinn Hugo 7s '46 wa 88% 88% 7 883 8% 100 101! 8505 90 BALTIMORE STOCKS Special Dispatch to The Star. BALTIMORE, December 8.— Sales. STOCKS. 85'C & P Telephone Balto pfd 100 Commercial Credit com 27 Commercial Credit pfd 10 Continental Trust Co.. 60 Consolidated Gas com. 200 Consolidated Coal com 20 Maryland Casualty Co. 87 New Amsterdam Gas.. 50 Pa Water & Power... ... z 80 United Porto Rican Sugar pfd 30 U S Fidelity & Guaranty...... 85 50 4137 Stock Issues Gain. The aggregate market value of 100 representative common stock issues in- creased 11.67 per cent in November, according to the monthly computation of Frazier Jelke & Co. November was the fifth consecutive month in which market values have appreciated, and last month’s gain was larger than for any month since the index has been computed. The appraisal of the 100 issues on November 30 was $32,106.- 814,000, compared with $28.749.731.000 on October 31, a gain of $3,357,083,000 for the month. Far East Business. By the Assoctated Press. Sales .of American goods in Far Eastern markets have been affected by local. conditions; the Department of Commerce reports, although the month- | Iy average has been sustained. Japan's disturbed financial and economic sit- uation caused frequent declines in that market, while fluctuating currency values impeded progress in restocking China’s marts. British Indian manu- facturers found American cotton too high in price and dull business condi- tions elsewhere also curtailed sales. Money to Loan Secured by first deed of trust on real estate. Prevailing interest and commission. s 1171, 90 8 | 85% 14 Tyrol Hyd Elec 7s A 90! 89 11Uni Elec Serv 7s A 118'2 117! 4Uni Ind 6s 1e0 " a0 9Uni St Wks §1as ALl 87' 5 Warsaw 7s .. 85 83 xd—Ex-dividend wi—_When Issued. n—New. ww—With warrants. RECAPITALIZATION PLAN. NEW YORK, December 8 (#).—Chi: | cago Pneumatic Tool Co. stockholders | on December 31 will vote on & recapi- | talization plan involving exchange of | present capital of 94,000 shares for new preferred and common stocks. It is pro- | posed to issue 188,000 $50 par $3 con- | vertible preferred shares and increase | present common stock to 500,000 no- | par shafes. Two new preferred and two | new common shares will be exchanged for each common share now held. An additional 12,000 new common shares | will be issued in making adjustments | with employes who are buying stock on | installment plan. It is not intended ‘Oi issue the remaining 300,000 common | shares at present. | B Canadian Apple Crop. OTTAWA, December 8 (#).—Canada | will have 1,000,000 barrels of apples for | export to other countries this year, final | missioner indicate. The crop is esti- mated at 2965000 barrels, of which 1,800,000 barrels will be required for domestic consumption. Shopping Begins Early. NEW YORK, Dicember 8 (/).—De- partment store executives say . that Christmas gift shopping began this year before Thanksgiving, although estimates of the Dominion fruit com- ||| Joseph I. Weller i Veh % § Tt WE FINANCE —all classes of income-producing property Large Loans a Specialty Current interest rate and commission. Higbie & Richardson, Inc. 816 15th 'St. N.W. OFFICES a Edmonds Building 917 15th St. Located in the center of the Fi- nancial and Realty Districts. Sev- eral desirable suites now avai Very low rentals SHANNON -&LUCH S] 1435 K St.. Main 2345 Consult Us First If you need money for your Real Estate financing let us have your application today. Prompt Service No Appraisal Fee The Commercial National Company fncorporated ordinarily it is not expected until fully.| ‘Toys also have felt the Christmas de- mand earlier than us for LOANS on and "Prince Georg 38 Venezuelan_ Pet 3 Woodley Pet 3°Y" Oil n: Sales in units. 300 Anglo Am Oil........ 7100 Contl Ol .. 3400 Humble O & R 50Tl P L : 100 Imp O Can 5200 Inter_Pet Lid 400 Nat_ Transit 500 Ohio Oil 6400 Prairie O & G 200 Prairie P L. 100 Prairie P L'n South Penn O. o STANDARD OIL ISSUES AND 1814 194 9713 266 b 4612 4515 18 184 18 266 8 thousands. 49 Abitibl P&P 5s A.. 58 Abraham & Str 10 Ala Pow 4!y 10 Allied Pk 6s. 2 Allicd Pk 850 3 Alum Ltd 5s. 12 Am Aggre Cor 5 Am 19 Am 30 Am 13 Am 3 3 Am Seating 6s... 1Am Sol 6!s. 5 Anaconda 65 A.. 9 Appa! El Pow 5s. 4Ark P & L Ss. . 1 Arnold Pr Wi 6s. 3 Asso Gas & El 5'us... 32 Asso Gas & El 4'ss.. 11 Asso G & EI 4'3s ww 933 2Atch T & S Fe 4 1 4 Atins Plvw 51, 7 Baes Valve Bag 14 Beacon Ol : 2Bell T Can 5 101 4 Boston & Me 6s M.. 5 Can Nat Ry 18 E..... 1 8Caro P & L a0l es El 8s... 3Chi Rys cis dQP Bs. Cinein St Ry 5'as Cit Serv 5s . Cit Serv Gas 5'as.... Cit Ser Gas Pip 6: Cit_Se; Cl Term Blde 6s. Command Larabee 1Cons G Balt 5 E 1Cons G Balt 65 A 1Cons Tex 8s . 3Cont G E 1 Cudahy 5 s ot Intl 6'us 12 grl Intl 7s ... 10 Dix Gulf Gas 6’ 2 Empire O & R 5'as 54 Ped Wat Serv 5'us 1 Firest Cot Mil 5s . 2Firest T & R 58 3Fla P& L Ss . 134 2 Gatineau Pow 5. 971 . 1Gatineau Pow 6 5 1005 1003 100% 4 Gen Am Inv 5% A ww 863, 863 863 4 Gen Rayon 6s. 95t 4 Gen Vend 6s. s 88'2 897 2 Georgia & Fii Yz 2 28 Georgla Pow 5s. 98 98 1Gulf Oil Pen 5s 10174 101% 105 Guit Oil Pen 55 101%2 101'% 2Hood Rub S§'us 412 B4'y 1Hood Rub 7s... 98 18 Houston Gulf G 612 3 Houston Gulf G 65 A. 32Ind Oil & Gas 6s... 107 7Indianap P & L 55 A. 99'y 6 Int Sec Amer 5s.. 917 11Intersta Nat G 6s ww 104 3 Interstate Pow 6s.. . 91% flnvea B & Sha 55 A 110 11 Invest Corp Am 5s 10 Invest Equity 8s A. 1 KelvinCorp 6s. 27 Kendall 51 1 Laclede Gus 87is. 5 Lehigh Pow 65 A 1Libby MeN & L 1 Louis Pow & Lt 2 Manitoba Pow 5'.5 A 100 10 McCord 6s. w MY 10 Met Ed Pa 438 D 973 2 Minn Pi 4las ol 1 Morris & Co H14s 1 Narrag Co 5s A... 13 Nathan Straus Inc 6s 122 Nat P & L 65 A, ... 105 8Nat Pub Serv 5s.. 3 E 2 1 17 4 4 93 105 9915 991 9113 91ty 104 * 104 FORMER SUBSIDIARIES—STOCKS. | 181 95%, 963 | 266 8314 7Nat Rub M 6s.... . 138 ° 132 13 Nat Trade Journai 8s 97% 97's 8 New Eng Ji&E 55 91 SNYP % 5 Nichols & a 923, 02 101% 1007 10135 a week after the November holiday. | Commercial National Bank BI 14th and G APPLICATIONS INVITED IMPROVED PROPERTY Located in the Disitict of Columbi and adjacent suburbs in Montgomery es Counties, Md. 55% INTEREST Apply to H. L. RUST COMPANY LOAN CORRESPONDENT The PRUDENTIAL INSURANCE COMPANY OF AMERICA 1001 15th St. N.W. Main 8100 The Weakness of the Weld The broken metal point of the breal is welded. At the k there is now a little lump—a “butt” the welder calls it. Here is the point where occurred the strain that caused the break. The weakest segment—of a bar of metal or of a m the first to crack. to guard against an’s existence—is It is better by far it with FORE- HANDED PROTECTION than to after the damage is Just as you con sult your doctor about bodily ills you need to consult a financial organization about your monetary weaknesses. And Swartzell, Rheem & Hensey Company with its fifty-nine year record of no loss to an investor advise you on how financial future eminently qualified to to reinforce your through FORE- HANDED PROTECTION. First Mortgage through Swartzell, Company yield th of 67%. Notes purchased Rheem & Hensey e attractive rate SWARTZELL, RHEEM & HENSEY CO. MORTGAGE BANKERS 727 1S STREET N.W. ‘;’A’NINGTON D.C. £