Evening Star Newspaper, December 5, 1929, Page 10

10 ek NEW HEH SCORED BY NERGENTHALE Capital Traction and Other Stocks More Active in Local Market. BY EDWARD C. STONE. Capital Traction and Mergenthaler | Linotype featured trading on the Wash- | ington Stock Exchange today. ! Capital Traction opened at 75%4 and { closed at 75 after ' 10 small-lot tran: actions. The larg- est sale was 35 shares. M e r g e nthaler opened at 104 and advanced to 1047, nd then closed at 105, a new high on the present move. "The day's sales to- taled 141 shares ‘Washington Gas 1 d at 100 3-share sale. Peoples Drug Stores preferred was s'r er, opening at 105 and cl 2t 106. Merchant: Transfer & Storage preferred cam® out at_100 for 25 shares. Potomac Electric Power 515 per cent preferred came out at 104 and closed at 1041>. One hundred shares of Bar- ber & Ross common sold at 1715, and Federal-American Co. common moved at 33 Eond sales were confined to Capital Traction 5s, the turnover being $7,000 and quotations ranging around 91%. Otterback Heads Loan Association. | Maurice Otterback was ‘clected presi- dent of the Eastern Building & Loan Association at the monthly meeting last | evening, taking the office made vacan by the death of Alexander McKenzi The new president is president of the | Anacostia Bank and has been vice pres- | ident of the building association for many years. At the same meeting Clarence F. Donohue was elected vice president 1w 1l the vacancy caused by the promu- tion of Mr. Otterback and John M. Riordan, vice president of the Bank ot Commerce & Savings, was made a member of the board of trustees to fill the McKenzie vacancy in that body. Mr. Riordon has been one of the au- ditor: Mr. Otterback was elected president of the company because of his long service. He has been connected with the building and loan association for 35 years and served as an official 23 years. Retail Trade Figures Compared. Latest detailed reports from the Fed- er- Rescrve Bank of Richmond show that Washington department stores in- creased their sales in October by 4.4 per cent over October, 1928. The percentage increase in local sales since Januay 1, over sales during the | first 10 months of 1920 was 4.1. ‘The increase in October sales over the average October sales during the three years 1923-1925 was 22.2 per cent. Increase in stock on hand in October over the same month a year ago was 0.1 r_cent. chhc increase in stock on hand on Oc- tober 31 over September 30, 1929, was 11.2 per cent. 'l‘hgc percentage of sales in October, 1929, to the average stock carried dur- ing that month was 36.1. . The percentage of total sales since January 1 to the average stock carried during each of the 10 elapsed months was 284.7. Baltimore stores led in percentage in- crease for both October and the first 10 | months of the year, but Washington stores led in gain over average October sales in the three years 1923-1925, in- clusive, chiefly because of store expan- sion. Washington stores also led the other fifth district cities in rapidity of stock turnover. Local collections, ' however, were off 2 per cent, bringing the fifth district's average below last year. Local Wholesale Trade Review. Sixty-nine wholesale firms represent- | ing five leading lines sent reports on | October business to the Federal Reserve Bank of Richmond. The reports from grocers show a seasonal increase in Oc- | tober sales over those reported for Sep- tember, but a very small decrease in comparison with October, 1928, sales. Dry goods sales last month were ma- terially less than sales in September, | but were only a small fraction of 1 per cent below October, 1928, sales. Shoe sales were less in October than in the | preceding month, but exceeded October, 1928, sales by a substantial margin. | Both hardware and drug sales were larger last month than in September and drug sales also were above those of last year, but hardware sales showed a moderate decline in comparison with October, 1928. Total drug sales in the first 10 months of this year were slight- 1y larger than sales in the correspond- | ing period a year ago, but grocery, dry goods, shoe and hardware sales this year were jess than those in the first 10 months of 1928. Stocks reported at the end of October were seasonally larger in firms selling groceries and allied lines than on Sep- tember 30, and there were also small increases in wholesale shoe and hard- ware stocks, but dry goods stocks de- clined during the past month, another seasonal occurrence. In comparison with stocks carried a year earlier, those on October 31 this year were larger in groceries, but were smaller in dry goods, shoes and hardware. The percentages of collections in Oc- tober, 1929, to accounts receivable on the first of the month not only showed seasonal increases over September col- lections in all lines reported upon, but were slightly better than the percentage attained in October, 1928. Dry goods and shoes tied in amount of improve- ment with 1.6 per cent. Gleaned in Financial District. ‘The attendance at the weekly lunch- eon of the District Bankers' Association vesterday smashed all previous records. Bankers swamped with extra work, be: cause of the Wall Street crash are now having a bit more time off duty. Local bankers were much interested in the presence here today of John G. Lonsdale, president of the American Bankers' Association, to attend the prosperity conference at the Chamber of Commerce. Other noted financial leaders were also in the city. President Lonsdale declares that. his scetion of the country, St. Louis and vi- inity, is rounding out a good year. He says that public confidence everywhere being rapidly restored and that busi- | ness is becoming stabilized. The November sales of the McCrory Stores Corporation totaled $3,854,391, a gain of 11.68 per cent over November, 1928. Sales for the first 11 months of the year were 10.40 per cent better than last year. The sales of the S. S. Kresge Co. in November were 7.57 per cent ahead of November, 1928, and for the 11 months were 7.79 per cent above the total for the corresponding period a year ago. The December issue of the American Business Review, published in New York, contains & most lauditory mention of the brokerage firm of W. B. Hibbs & Co. This firm was organized in 1889 by W. B. Hibbs, in 1900 W. W. Spaid was made a partner and in the reorganization of 1928 Karl W, Corby became an active partner and J. Thilman a special part- ner. Maurice Ottermas <. PARIS BOURSE PRICES. PARIS, December 5 (#).—Prices were strong on the Bourse tcday. Three per cent rentes, 81 francs, 20 centimes. Five per cent. loan, 106 francs. tchange in London, 123 francs, 93 The dollar was" quoted at <5 francs, 38)2 centimes. FINANCIAL. 1929 High. Low. - 57% 88% 1591 34 Stock and Sales— Dividend Rate. Add 00. High. 36% Abitibi Power&Pap 4 40% 69 Abitibi P& P pf(6. 4 81 64% 28% 224 121 22 240 239 136 2 25% 10' 24 24 6% 3 Adams Millis (2). 1047 Advance Rumley. 119 15 Advance Rumley pf., 4% % Ahumada Lead..... 223% 77 Afr Reductn (t4%4). 48% 20% Alr Wal El1 Ap(2%4). 11% 2 Ajax Rubber. 10% 4% Alaska Junea 56'5 17 Alleghany Corp. 399 25% 118% 90 Alleg Corppf (5%).. 8 98% 92 804 Alleg Cpf (5%)xw.. 1 88% 854% 197 Allied Ch & Dye (c6) 17 265'% 125 118% AllledC&Dpf (7).. 2 124% 78% 354 Allis Chalm gn) (2).. 94 56% 36% 23 Alpha Port Cemt(3). 1 31% 42% 17% Amerada Corp (2)... 193 22 23% 4 Am sgricul Chem 2 6% 73% 18 AmAgriculChpf... 13 30 157 65 Am Bank Note(ft3). 14 102% 20% 7 Am Beet Sugar 3 Th 27 Am Bosch Magneto.. 161 34% 40'% Am Brake Shoe 2.40. 4 48% 4% Am Brown Bov Elec. 25 12 86 Amer Can (15) - 387 120 3314 Am Can pt (7). 3 141 Am Car & Fay ( « 7 86 110% AmCar & F pf (T)... 1 114% 27 Am Chicle (12%) 8 42 20 AmCom Ale (k1.60). 169 3i% 18% Am Encaust Til (2).. 10 26% 23 Am European Sec... 20 407 50 Am & For Power... 1000 91's 101% Am&Forn Pwrpf(7) 1 107 8§61 Am&For Po 24 pf(7) 19% Am Hawatian S'S (2) 3% Am Hide & Leather. 23% Am Hide & Lea pt, .. Am Home Prod 4.20. American Ice (3). Am Ice pf (6).. 29% Am Internat (32), 24 Am La F & Foam! 90 ~ Am Locomotive (8). 111% Am Loco pf (7)..... 142 Am Machine Co (17) 31% Am Metal (3) . 1 Am Piano.. 64% Am Pow & Lt (11)... 92% Am Pow & Lt of (6). 70 AmP&LDIA(3)... 72% Am P&L Df A st (5)., Am Ra&Std San 1%. 214 Am Republics. . 60 Am Roll Mill (€2)... % Am Ship & Com..... 62 AmSm & Ref (4)..., 38 Am Snuff Co (13%).. 35% Am Steel Fdy (3).... 40 Am Stores (12%). 56 Am Sugar Rfg (5. 18 Am Sumatra (3 193% Am Tel & Tel 160 Am Tobacco (110).., 10 215% 160 Am Tobacco B (110) 114% Am Tobacco bt (6) 1119% 115 Am Type Fdry (8)... 7 133 50 Am Water Wks (¢1). 336 108 5% Am Woolen.....ceeo 5 8 15% Am Woolen pf. 22 22 4 Am Writ Paper 1 % 28 Am WritPaprpf(3) 5 33 7 AmZinc LA&Sm.... 7 1 70 Anaconda Copr (7)..3402 25 Anchor Cap 12.40). 18% Archer-Dan-M (2) 75 Armour Del pt (7) 5% Armour Ill (A) 2% Armour Ill (B) 57 Armour Il pf ( 7% Arnold Constable 16% Artloom (2)...... 201 Art Metal (1%). 25 AssoDry G (2%).... # AssoD G 1st pf(6).. % 195% Atch T & 8 Fe (10) 99 Atch T&SF pf (5). 161 Atl Coast Line (110, 324 AtIG& W Ind . 45% AtUG& W L pf (43.. 30 Atl Refining (12).... 67 Atlas Powder (15) 120 Auburn Auto (J4). 10% Autosales.... 127 113 29 Autosales pf (3). 2 29 34 Auto-Strop Raz (3).. F 5% Aviation Corp. Del.. 15 Baldwin Loco (1.75). 105 Baltimore & Ohto (1) 75 Balto & Ohio pf (4).. Bang & Aroos (3% Barosdall (12%).... Bayuk Clgar (2)..... Beacon Oll... . 731 Beatrice Cream (4).. 75 Belg Nat Rys pf 5.49 25 Bendix Aviation (2). 25 Best& Company. 78% Bethlehem Steel (§ 116% Bethlehem St pf (7 25 . Bloomingdale Bros. . 37 Bohn Alumn&B (15). 70 Bon Ami, A (16). 18 Booth Fish 1st pf. 53 Borden & Co (3).. 26 Borg Warner (4) 85 Boston & Maine 815 Briggs Mfg. 40 Bklyn-Manha : 76% Bklyn-Man Tr pf (6) 7 Brooklyn & Quee: 99 Bklyn Union Gas (6) 36 Brown Shoe Co (3).. 16% Bruns-Balk-Col(3).. 41, Bruns Ter & Ry S. 14 Bucyrus Erie (1).... 26% Bucyruscvpf (2}4) 9 Budd (EG) (1%)... 9% Budd Wheel........ 25 Bullard Co (12)..... 21% Bulova Watch (3) 88 Burns Bros A (8). 29 Burroughs AM(11.80 31% Bush Term (g2)..... 2z Butte Cop &Z (50c). 5 Butte & Superior (2) 20 Butterick Co. 50 Byers (AM 20 By-Prod Coke (1)... 63% Calif Packing (4). 1 Callahan Zinc & L. 7314 Calumet & Ariz (1 25 Calumet & Hec (4%) 20 Campbell Wyant (23, 45 Canada Dry G A (5). 189% Canadian Pac (10)..: 28% Cannon Mills (2.80) 17 Capital Adm (A).... 130 Case (J 1) (6)... 56 Caterpillar Trac (3). 31 Celotex (3) 27% Cent Alloy St . 52% Cerro de Pasco (6).. 6 ' ceee 139 233 10 229% 6 103 3179 56 82 12 59% 235 431 2 948 12 1841 26 30% 52 224 59% 40 36% 6ate 18 Checker Cab (4.20).. 160 Ches & Ohio (10). 424 Chesapeake Corp (3) 4 Chi& Alton. . 3% Chi & Alton p! 7 ChiGreat Western. 174 Chi Great Westn pf. 16 Chi Mil St P&Pac... 283% Chi Mil St P&Pac of. 75 Chicago & N W (5). 134 Chi&N W pt (7). 21% Chi Pneu Tool. 47 Chi Pneu T pt 101 ChiRI& Pac (7). 94% Chi R1& Pacpf (6). 100 ChiR1& Pacpf (7)u 274 Chickashas C Ofl (3) 444 Childs Co (2.40) 26 Chrysler Corp (3) 74 City Stores (1). 25 Clark Equipment (3) 35% Cluett Peabody (5) 101 Coca-Cola (4). 10 Collins & Atkman. . 27% Colo Fuel & 1ron... 8614 Colo & South (3). 5 88 52 Col Gas& El (3).... 1086 81% 9914 Col Gas& Elpt A 6). 3 109 8 ColGas&EIptB(5) 1 90% 50 ColG&Erctsfullpd. 1 7T6% 16% Columb Graph(87c). 726 34% 105 Columblan Carb(6). 73 203% 18 Com Credit i2).. 155 26% 28 Comm Credit A (3) 9 36 28% Comlnv Tr (£1.60). 25 43 20% Comm Solvents (1).. 450 29% 10 Commé&So(b5%stk). 148 15% 11 Congoleum-Nairn... 107 14% 43 Cong Clgars (16%) 5% 40 Consol Cigar (7). 4% 10 Consol Film (2) 15% 15% Consol Film pf (3). 205 #0% Consol Gas, NY (4). 1000 105% 9214 Consol Gas pt (5) 9915 45 Consol RR Cub of(§) 52 1 Consol Textile. 1% 12 Container Cor A 1.20 15 3% Container Corp B 5% 25% Contl Baking A 49% 4% Conu Bakiog B T 79% Contl Baking pf 93 38 Contl Bank (1.20)... 41 40% Contl Can (3%).... 60 55% 20% Contl Dia Fiber (2% 2 334 464 Cont! insurance (2). 30 67 6% Contl Motors (80¢).. 22 8 18 ContiOflof Del..... 59 27% 70 Corn Prod Refin (14) 110 1004 20% Coty Ino (g2)....... 143 31% 24 Cream of Wheat (2), 26 30% 20 CrexCarpet........ 1 18 17 Crossley Radio (31). 10 24 3 128% 817 23 37% 10 11 42 2151 212 THE EVENING STAR, WASHINGTO! Prev. Low. Close. Close. 39 40% 3% 80 80 79 63% 63% 64% 27% 28 224 224 124 25 5914 361 871 40% 109% 116 2318 2 464 2% 87 101% 75 81 881x 1% a1l 4814 45% 601 226 212%% 215'% 212 119% 133 103 119% 133 981¢ 8% 21% 615 210 104 102 104 99 9914 50% 52 1% 1% 15 5 45 614 904 39% 54k 29%, 63% | 256 9 121% 5% 24% 17 6% 67% 132 118 30% 377% 126% 6914 226 169% 385 151 64% 24 - lw 6 54u 12 126% 69 28% 10 231 80 119% 1% 3914 264% 6% 893 11214 174 18% 86% 109% 10415 2215 83% 79% 1231 109 41 93% 6614 54 3% 10 547k 72% 22% 56% 123 6% 90 2014 82% 95 kY 36 100 14 63 19 160 18 50 42 12 13 84 45 15 13 45 40 26 34 38 18 116 223% 66% 16 14 58% 15 14 2 17% 4 8815 40 109 102% 48 103% 8 121 380 142 65 145, 137 591 23 1021 47 391 2% 44 337 120 22 25 20 12 9 7 kit 40 25 54 53 12y 39 39 90 60 107 18 30 70 a7 5 104% ,57% 444 8% 6% 57% 114 46% 122'% 167% 25 5 32 10 102% 65 68 28 43 106 106% 80 138% 57% 113% 841 11% 88t 81% 27 28 144 7 28 110 22 b4 40 21 110 11 35 30 19 —Prev 1929— High. Low. 21% Davison Chem. 1411 Delaware & Hud (9). 120% Del Lack & W (17) 14% 75% 4% 211 o 24% fig"fn 348 1% 318 13% 11% 6814 Industrial Rayon. ... 80% Liggs 9% M Stock and Dividend Rate. 371% Crown Cork & Seal. Crucible Steel (5). % Cuba Cane Su; Cudaby Packing (4). Curtis Publish (7). 112% Curtis Publish pf(7) 7% Curtiss Wright Corp. 156 Curt Wright Corp A. Cuyamel Fruit. . Detroit Edison (8) Devne & Ray A (13). Drug Corpn (4) Duplan Silk (1) Dupont de N (15.20) . 107% Dupont d N deb (6).. 2% Durham Hoslery..., Fstn Roll Mill(ht2). Bastman Kodak(18). Faton Axle &S (3).. % Eitingon-Sch (2%).., 65% Eitingon pf (8%). Elec Auto Lite (6. 2% Electric Boa El Pwr & Lt El Pwr & Lt pf (7) Elec Stor Bat (5).... Emmerson-Brnt A Endicott-John (5) ... Eng Pub Serv ({1) Eng Pub Sve pf (5).. Eng Pub Sve of (6% ) Equitable Bldg(2%) Erle R R. . Erfe R R 1st nf (4).. Bureka Vac Cl (4).., Evans Auto L(32%). Fairbanks Co Fairbanks Mo; Fesh Pk Asso(k2%). Fed Motor Tr (80¢).. Fed Watr Ser A 2.40.. Fid Phen F Ins (2) Filenes (ctfs).. Firestone T&R new.. First Nat Strs (2%). Fisk Rubber. Follansbee Bros (3 Foster Wheeler (2).. Foundation Co. Fox Film A (4 Freeport-Tex: Gabriel Snub A Gardner Moto; Gen Am Tnk Ci Gen Asphalt (4). Gen Bronze (2) Gen Cable. . Gen Cable A (4) Gen Cigar (4) Gen Electric (16) Gen Elec spec (60 Gen’l Food Corpn (3) Gen Gas&El A (te2) Gen Mllls (13%). Gen Motors (13.60). . Gen Motora pf (7)... Gen Outd Adv A (4). Gen Public Serv(bs) Gen Ry Signal (5)... Gen Refrac (t4%). Gillette Saf Raz(ch Gimbel Brothers. ... Gimbel Bros of (7) Glidden Co (h2)..... 4 Gobel (Adolf). Gold Dust (234). Goodrich BF (4) Goodrich pf (7) Goodyear Tire ( . Goodyear 1st pf (7).. Gotham Sllk H (2%) Gould Coupler. Graham-Paig Graham-Paige ct Granby Copper (8).. Grand Stores (e1)... Grand Stor pf (6% 4 Grand Union. Grand Union p! Grant (WT) (p1)... Granite City Su1 (4).. Grt North pf (5).... Grt North pf ct (5) Grt Nor Ore (a1% ) Grt West Sug (2.80). Greene Can Cop (8). Grigsby Grunow (2). Gulf Mo & N pf (6).. Gulf Sta Steel (4). Hahn Dept Stort Hahn Dept S pf(6%) Hartman A (2). Hartman B (1.2 Hayes Bodv b8 %, stk Hélme (G W) (19).. Hercules Mot (1.80). Hershey Chocolate. . Hershey Choc pf (4). Hoo (R) &Co......u Houdaille Her B(2).. H'hold Fi pf 13.221% Household Prd (14). Houston Ol...... Howe Sound (1434). ¢ Hud&Man Ry (3.50). Hudson Motor (5)... Hupp Motor (£2).... Illinols Central (7)., Independ Oi1 & G (2) Indian Motor Cycle. . Indlan Refining. . Indian Refining ct... Ingersoll-Rand t7% . Inspiration (4 . Insuranshares...... Interboro Rap Trai Intercontinental Rub Intl Agricultural.... Intl Agri pr of (7)... Intl Bus Mch (6).... Intl Cement (4) Int Combustion. Inti Cmb Eng pf int] Harvester (234). Intl Harv pf (7)..... Int Hydro El A (e2). Intl Match pf (3.20). 18% Int Mer Marine otfs.. Int Nickel of Can(1). Intl Pap & P A(2.40). Intl Pap & Pwr B.... Intl Pap & Pwr C, Intl Paper pf (7) Intl Pap & Pwr pt(7) Intl Printing Ink (3) Intl Rys Cent Am. Intl Shoe Co (3)..... Int Tel & Teleg (2).. 25% Inter Dept St (2).... % Investors Equity(2). Island Creek Coal(4) Jewel Tea (4). . Johns-Manville (3).. 1% Jordan Motor Car. Kan City Sou (5).... % Karstadt (Rud.) Ine. Kaufmann DS (1%). Kayser Julius (4)... Keith-Albee-O pt (7) % Kelly-Spring Tir 18% Kelsey Ha 2). Kelvinator Corp. 49% Kennecott (5). 45% Kimberly Clark (13). 21% Kinney GR (1). 5% Kolster Radlo. Kraft PhCh (134) Kresze(SS)Co(1.60) 53% Kress (SH)Co (n1). 2% Kreuger& Toll(1.34) 38'4 Kroger Gr&Bak(cl). 80% Lambert Co (8). Lee Rubber & Tire Lehigh Valley Coal. . Lehigh Valley (3%). Lehn & Fink (3). Libbey Owens (1)... t& My (15)... Liggett & My B (16). Liggett & My pf (7). Lima Locomotive. .. Lia Carbontc (1414 ). Loew's, Inc (13%).. Loft Inc. 89%4 Loose-Wiles (2. 4 Lorillard (P) C Loutstana O1l........, LouG & K1 A (1%). Louts & N; Ludium Ste 39% MeCall Corp (4) 9214 McCrory pf (6).... 12'%4 Melntype Pore M(1) McKeespt T P t43 ., 21% McKesson & Rob (2) McKes & Rb pf(334) McLellan Strs A 2.20 55% Mack Trucks (6). ... Macy (RH)&Co(ct3) ' Madison Sa G (1%). Magma Copper (5).. Mallinson & Co. Manat! Sugar pf. Elec Supply. mod (46) 19% Man Shirt (3).. % Maracaiho O} Exp. ,, Marlin Rock (13%) Marmon Motor (4)., ., Bales— Add 00 Righ. 4 53% 4 B0% 3 1% 10% ki 2 46 115 116% 9% 20 110% 33% 175% 14715 217% 374 25 31 12 15 10 44 10 22 18 26% 85% 14 114% 27 2 39 94 20 5 439 7 24 a1 275 1 12 36 54 2 62 1 330 42 3 2 13 3 &9 3 22 3 364 59% 374 39 24% 73 161 12% 49% 9% 23 21% B4% 21 % 4% 26% 50 23 21% 85% 21 % 4T 20% D. —Prev. 1920~ High. Low 18 214 72% 29 108% 46 291 15% Stock and Dividend Rate. Martin-Parry. Mathieson Alk (e3) iMay Dept Stors(e2 Maytag Co (12) Maytag Co pf (3) Maytag Co 1st pf(6). . Melville Shoe (1.40).. 2 Mengel Company(2) 42 Metro Gold pf (1.89), 1 Mexican Seaboard. .. 368 Miami Copper (4) 5 Mia-Continent P ( 54 Middle States Ofl et Midland Stl pf(+12).. Minne&Hon Reg (+4) Minn Moline Pwr. Minn Moline pf 6% Minn & St Louts. Mo Kan & Texas. ... Mo Kan & Tex pf(7 Missourt Pacfle. Missourt Pac of (5).. Mohawk C Mills (3). Monsanto Ch (g1%). Montgomry Ward(3) Moon Motor (new) Morrell J (3.60) Mother Lode (40¢). ., Motor Meter G & Motor Products + Motor Wheel (3). Mullins Mfg. . Munsingwear (13%) Murraay Corp (k3)., Myer(FE)& Bro (2). Nash Motors (§) Acme (1%) Natl Alr Trans Natl Bella Hess($1). Nat Biseuft (17%).. Natl Cash Reg A (14) Nat Dairy (32)...... Natl Distillers NatlEnameling (2).. Natl Pwr & Lt (1). Natl Rys Mex 2d pf. . Natl Supply (17).... Natl Surety (5) Nat Tea Co (2). Nelsner Brothers. Nevada Copper (3) Newport Co A (3). Newton Steel (3) s N Y Alr Brake (3). N Y Central (8) NYChi&StL (6 N Y Chl & St Lof(6) NY NH & Hart (8). NYNH&HDE (D)., N Y Ont & West R Y Rallways pf.. Norfolk&Wstn(112). North Am(b10%stk) North Am pf (3).... North Am Ed pf (8).. Northern Pac (5).... North Pac et (5). Nor Ger Lloyd(3.41). Ofl Well Supply..... Oliver Farm Equip, Olivr Fr Ep cv t(3), Ol'vr Fr Ea pt A(6).. Omnibus Corp. ...... Oppenhelm Col (5) Otis Elevator (18). 4 Otis Steel (234).. Owens 111 Glass (4 Pacifc Gas & E (2)., Pacific Lighting (3).. Pactflc Ofl stubs. ..., Packard Mot (11.10). 426 Pan-Am Petroleum.. 2 Pan-Am Pete B . 20 Panhandle P& R.... 10 Paramount-F-L (3).. 837 Park & Tilford (33). 1 Park Utah... 17 15 20 10 Bales— 1 - 5 2, I = o ©5n » L PITACING-E 14 PO I RPN N e o mutamnu Bl faar 358 Pathe Exchange A. .. Patino Mines (3.89) . Penick & Ford (25¢) 12 Penney (JO)........ 12 Pen (JC)PfA(6)... 4 Penn Dixe Cement, 3 Penn Dixie Cemt pf. 1 5 Pennsylvania RR(4) 102 People’s Gas Chi (8). 35 Pere Marquette (18), 2 Pet Milk (1%). 3 Phelps Dodge (3) 7 Phila Co (17).. Phila& Read C& 1 Philip Morris (1).... Phillips-dones (3). Phillips Petrolm(2). Plerce-Arrow A PierceOfl....... Plerce Petroleum. Pillsbury FI (t2%).. Pirelli Co A (2.88)... Pittsburgh Coal. Pitts & W Va (6) Poor & Co (B) (2)... P Rican Am To (A P Rican Am To (B).. Prairie O&G (12%).. Prairfe Pipe L (15).. Pressed Steel Car. .., Proc & Gamble (2) Prod & Refiners. Pub Sve NJ (2.60)... 408 Pub Svc NJ pf (6)... Pub Sve NJ of (8)... Pub Sve E&G pf(6).. 2 Pullman Corp (4).... 38 Punta Alegre Sugar. & Pure Ol (1%)... 40 Purity Bakeries (4).. 47 Radlo Corp.... 600 Radio pf A (3% Rad!o pf B (5). Radio-Kelth-Orph A. 175 Raillway & Exp (2).. 34 Raybestos-Man(2%) 1 Reading (4) voi B Real Silk (6)...cccea 19 Rels (R)&Co 1st(7).. 2 Rem Rand (50¢).... 100 Reo Motor (11.40)... 4 Repub Ir & Steel(4).. 15 Reynolds Tb B(2.40). 60 Richfleld O11 (2)..... 16 Rlo Grande Oll (k2). 52 Ritter Dental (234).. 1 Rosaia Ins (2.30).... 25 Royal Dutch (a3.20). 58 afeway Stores (5).. 44 St Joseph Lead (13). St L-San Fran (8)... St L-San Fran pf (6) 50 St L Southwestern 20% Savage Arms (2) 8 Schulte Retail St 10 Seaboard Alr Lin 16% Seaboard Alr Line pf Seagrave (01.20).... Sears Roebck (3123%). 248 Sec NatlInv pf (5).. 1 Seneca Copper. 6 Servel INC........oo 28 Sharon Steel H (3) 5 Sharp & Dohme, 4 Shattuck (F3) (1).. 19 Shell Unfon (1.40)... 22 Shubert Theatres. 3 stmmons Co (83)... 453 Stmms Pet (1.60). 57 Sinclair Con OIl (2).. 555 Skelly Ol (2)....... 31 Sloss Sheflleld steel.. 2 o = 19 51 o wSaansn " 3 Bumoa 28 37 50 20% 10, 624 29 20 15 40 28 a4 90t 3814 101 87 Add 00. High. Low. Close. Close. THURSDAY, DECEMBER B&¢ 1979. PINANCIAL, Prev. | —Prev. 1920~ High. Low. 12 624 164 3 641 14 11 8 45 234 93% 454 15714 105 162t 109 9915 93 0% 74 6314 30 52% 16 78 13% 45 20 66% 21 55% 38 5 839% 234 20 424 8 102% 3% 80% 584 131% 10 49 51% 52 48 4 S1% 3 445 60 18% 314 76% 3¢ 18 23% 23 ™ 3% 42 57% iy 3% 17 k) 18% 234 21% 28 292 28% 29W 1 1% 168 166 69% 4 69 15% Sou Ry Spaldin, 42% 9% 6% 16% 29% [ 10 4% 1% 53l ‘Tex: Thatch 1% bl 4% 5la 136% 17! Transu 106% 59 80 121% 31 44% 33% 40% % 31 19 42% 10% 99 22 90% 7 15% 6 20 United Utd G 17% 864 20 95 15 12 18% 50% 15 404 29% 48 150 137 55% 3 24% u u u u u u u u u [ 374 83 3% 15 69 40 82 20 100 22 30 15 Wi Wi 194% 35 35 124 ‘4 65 50 30% 11% 77 50% 29%, 20% 45 41 53% 124 58'% 110% 923 64 28 8 10 25% 11% 102 60 2% Wileox Wileox Wilson Wilson Wilson 1% 5174 29% 19% 45 4 b4% 129 50% 111% 924, 63 27% 8 Yellow Bang & Bucyru; 10% 25% 11 101% 59 2% 8% 27 20 41 24% Diys | e &l 205 2Bl B in_stock. 341, | T PIus 10% in ‘stock 36 & % Utd Ga 19% 3914 244 12% 99 274 27% 34 40 in stock. k Plus Stock and Dividend Rate. Sloss-ShefMeld pf (1) Snider Packing. Snider Packing p: Solvay Am In pt § So Porto R Sug 12%. Southern Cal Ed (2). Southern Pacific (§). Southern Rwy (8) Southern Ry p£(5). . Spang-Chalfant. Sparks Withngtn(1), T Kelg(1.60).. Spicer Mfg. Spicer Mg pf (3)..u Splegel-May-St (3) Stand Brands (1%). Stand Com Tob (1). 9 Stand Gas & El (3% Stand G & E pf (4) Stand Inv Corp ( Std Ofl of Cal (h234) Stand OII N J (12) Stand O11 N Y (1.60). Starrett(LS)Co(2). Sterling Sec A)..... Sterling Sec pf(1.30 Sterling Sec cv pf(3) Stewart Warn(j33%). Sione & Webster. Studebaker (15) Sun Ofl (p1).. Superior Ofl Superior St Symington A. Telautograph t1. Tenn Cop & Ch (1).. ‘Texas Corp (3). o Tex Gulf Sul (4) . P C& Ol (bl Texas Pac Land Tr.. The Fair (2.40). Third Avenu, Tide Water Asso. Tide Wat Asso pf(6) Timkn Det Axle 1! Timken Roller (3)... 1 Tobacco Products Tobacco Prod ctfs. Tobacco Froducts A. Top Prod ctfs A Transcontinental. . 30 Truscon Stl (£1.20). 82 ZUnd Elllod Fishr (5). 7 " Union Bag & Paper. Union Carbide(2.60). 42% Un Ol of Cal (32). 200 Union Pacifie (10). Union Pacific pf (4) Unfon Tank Car(5).. Utd Atreraft&Tran: Utd Atrcraft&T pf 3. Utd Biscuit (1.60). Utd Carbon (2 Utd Cigar Stores. . 1 Utd Cgar Storesctfs. 3 United Cigar Strs pf. 5 Utd Corporation. Utd Corp pf (3).... Utd Fruit (c4). Utd Gas & Imp (1). Utd Paperboard. . Utd Piece Dye Wks. United Stores A Utd Stores pf. 9 U S Distributy U S & Foreign Secur. U S Freight (3) U S Hoffman (2). S Ind Alco (6). S Leather A (4). S Pipe & Fdry (2). S Pipe 2d pt (1.20) S Realty (6). S Rubber. S Rubber 1st pf S Smelt Ref (334). s S Steel (18). U S Steel pt (7).. U S Tobacco, . Untv Pipe & Rad. Utll Pwr & Lt A (; 3 Vadsco Sales. 5 Vanadium (14). Vick Chemical(2% ). Virginia-Car Chem Virginia-Car 6% pf.. Virginia-Car pf (7).. Wanasn. . . Wabash pt A (5).... Waldort Systm (1%) Walgreen pf (615 ) Walworth Co (2) Ward Baking B. ., Warner Bros Plc (4) Warner-Quinlan (2). Warren Bros (19). Warren Fy&Pipe(2). Webster-Eiseniohr. Oll & Snow (2 Wess O & Sn pf (4) Westn Dairy A (4) Westn Dairy (B) tern Maryland, Western Md 2d pf... Western Pacific. . Western Pacif pf.... Western Union (8).. Westngh Alr Brk(2). Westngh E1&M (4) Weston El Inst (1) Weston E1 A (2)...., Westvaco Chlor (2). White Eagle O1] (2).. White Motors (2)... WhiteRock M S (t4) White Sewing Mach. White Sw Mch pf(4) Col. Carbon. . Mar. 11 Det Edison. ., Dec. 23 N ¥ Central!.Jan 31 % Reynolds Tob.Jan 24 Sales of Stocks on New nit of trading less tha: §Plus $3 in preferred stock. b Jear—no regular rat Payable when earned. e 8, FIUs 6% in stock. h Partly 1/25 of ‘s share in stock. Prev. Low. Close. Close. 7% 5 70 % 4% 4y 19% 19% 20% 95 95 94w 28% 28% 29% 67% B9 58% 128 128 122% 187% 137% 139 96% 96% 964 90% 90% 90 35% 864 36 244 24% 24% 19 19% 19% 24% 26 Bales— Add 00. High. % ot 5 19% 95 28% 6074 128% 139% 96% 90% 3514 25% 19% 25'% 2674 4% a1y 20% M&Oect (). g (AG) (2)... 24% 25'% 261 26 39% 39% 40 41 281 28% 815 9 127 65% 10% 63% 67 854 34 134% 65% 11% 647n 6874 36% 38 13% 124 3914 40% 102t 431 1 61% 8% 234 8% 16% 13 58% 59 11% 11% 128'% 65% 11% 6314 67% 36% 374 134 er M{g (40¢c). e & W (1). 224% B2% 150 45% 56 40 54% 5% 2% 31% 33% 47% 12 112% 31 97 8 25 % 224 17% 23% 96% 19% 146% 18 204 184 67% 281 50% 3T% 51 o 167% 4 140% 66% 4 4% 128 . 1523 17 Elec Coal. 5 46 734 & Im p2(6) 3 elt Ref pf 3% 54 36% 61 28% | K Oll & Gas. Rich B (¢2) Willys-Over (c1.20).. & Co.. &CoA. & Copf.. Woolworth (2.40). Worthington Pump.. Wright Aero (2)..... Wrigley Wm (4). Truck & C. Young Spring (3) Young Sheet & T (5) - Zenith Radlo (2).... RIGHTS EXPIRE Allis-Chal, n.Dec. 31 Am Rollg M..Feb 15 667 21 103 17 32 65 200 ] 1% W 4% 224 5% % 1% 1 York Excha: 12:00 Noon. =y Aroos Dec. 17 s Erie Dec 30 4% 20 5% 1 % s Im..Dec 311343 641,900 re the annuai cash rly or haif-yearly decl 100 shares. {Partly extr Flus 3725 15 stogk in stock. ¢ Plus 8% vable i cash or stock stock. S Plus 2% D stock. m Pius latest qui b Payable share in stock. o Plus 3% Washington Ticker BY CLINTON COFFIN, Assoclated Press Financial Writer. Railroad ownership, by modern meth- ods of corporate organization, is escap- ing pretty successfully from some phases of Federal regulation, the Interstate Commerce Commission confessed today in making its annual report to Congress. The creation of holding or investment corporations which own, buy and sell railroads or parts of railroads, the com- mission concludes, has enabled an ap- proach to consolidation of carriers, par- ticularly in the Eastern district, with- out reference to and even in opposition to the commission's authority. The commission now notifies Congress that “the subjection of the unification of carriers by railroad to the orderly process of a carefully planned scheme of public regulation is very likely to be partially or even wholly defeated,” and asks thorough investigation and serious consideration of new legislation to bring the procedure back under its jurisdic- tion. ‘With this language the commission openly discloses the legal gap that has been for some time widening in its pow- ers for dealing with railroad consoli- dation projects. Though O.P.and M. J. Van Sweringen of Celeveland, dominat- ing the Nickel Plate, Chesapeake & Ohio, Piere Marquette and Erie systems, with some degree of control over the Wheeling & Lake Erie as well, have been refused permission to make a for- mal merger of their holdings, there has come into existence the Alleghany Cor- poration, which the commission says now owns various stocks of railroad ‘companies. Then the Pennsylvania system, with its right to own Wabash & Lehigh Valley Rallroad stocks ques- tioned, organized the Pennroad Co., an investment enterprise, which is credited now with owning the Wabash & Lehigh shares, and in addition holds :tock in the Detroit, Toledo & Ironton and the Pittsburgh & West Virginia, while latest reports indicate that it has New Haven and Boston & Albany stock as well. As the commission sees it, the stock owned by these corporations can be voted with other blocks so as to maintain an ef- fective control over the earriers con- cerned, and only a doubtful anti-trust prosecution under the Clayton act can break up the combinations created. This public pronouncement of the commission will probably usher in a new era of business investigation by Congress, particularly since the Van Sweringen interests, and probably the Railroad, while its management is vest- ed in trustees, all of whom are directors of that carrier. Chairman Couzens of the Senate in- | terstate commerce committee has already taken up the report and the first gen- eral investigation will likely come at the hands of that body. — CHAIN STORE SALES. NEW YORK, December 5 (4).—An- other series of favorable November sales veports were made public today by a number of leading chain store sys- tems, including the Woolworth and Kresge chains, showing increases over the sales for the corresponding month last year, The companies reporting and their sales for last month and November, Pennsylvania system management as well, are preparing to defend the steps they have taken. It will be testified | it now meets the commission's criticism is primarily an investment institution. having 11,000 stockholders among the general public, which controls no rail- | road, though it has substantial blocks | of stocks in a dozen different railroads. | Further, it is said by persons familiar | With the status of the enterprise that the Alleghany Corporation is heavily interested in industrial corporations and | other non-railroad enterprises and that | its management will resist to the limit | any endeavor to bring it under the cate: gory of a railroad enterprise, with con sequent Federal regulation. The statu: of the Pennroad Co. is slightly different, | in that its original stockholders were also stockholders of the Pennsylvania | that the Alleghany Corporation, though | i 1928, included: Company F. W. Woolworth S 8. 'Kresge ..... McCrory Stores ", Danlel Reeves erner Stores Waldorf “System Kline Bros. . 1929, 1928, - $26.159.770 $24,680.710 14021.371 13,034,248 1854, 3451419 26431702 1,03 COLLATERAL INTEREST RATES By the Associated Press. Collateral interest rates last week, as averaged by the Census Bureau, worked out to lower levels than have prevailed for nearly'two years. The figures for fha week and comparable periods fol- ow: Time money. Call 1o Week ending November 30.. Preceding week. Same week last’ yeal STOCK PRICES GAIN DESPITE SELLING Market Shows Resistance to Pressure as Recovery Is Continued. BY STANLEY W. PRENOSIL, Associated Press Financial Editor. NEW YORK, December 5.—Increased selling resistance developed in today’s stock market as the rally in prices en- tered upon its third day. The liquida- tion reached sufficient volume during the morning to give the market a re- actionary appearance, but the tide of prices turned upward again in the early afternoon under the stimulus of opti- mistic trade surveys by business exec- utives attending the Washington in- dustrial conference and a brisk demand for the public utilities and & selected list of specialties. Investors Cautious. Operators for the advance struggled to press their recent advantage, but investors were reluctant to reach for stocks until the market gave further evidence of its stability. Prices, in gen- eral, have recovered nearly one-third of the ground lost in the October- November break, and the rapidity of the recent advance in many issues has suggested the possibility of at least a {echlnical reaction from current high evels. ‘While Wall Street has received con- siderable encouragement from the an- nouncement of huge capital expendi- tures in connection with 1930 expan- sion programs, the recent declines in steel mill production and railroad freight traffic naturally have led to caution on the part of many buyers, “Christmas Dividends.” So-called “Christmas dividends” con- tinued to appear in large number today but many traders looked upon them as the distribution of profits amassed in the period of prosperity earlier in the year rather than as an assurance of continued high earnings. Fears are still entertained in some quarters that a period of dividend reductions and omissions is likely early next year, Wide fluctuations again took place today in some of the high-priced spe- clalties. Peoples Gas ran up 3 points, Otis Elevator 30 and Columbian Carbon 14%. A. M. Byers, Simmons Co., Midland Steel Products preferred, Allled Chemical and Brooklyn Union GAs sold 5 to 8 points higher. Detroit Edison dropped 7}> points and rallied 8: J. L Case fell 5 and rallied 8%s; Au- burn dropped 7 and snapped back to 912, and General Electric fell 415 and re- covered its loss, but some of these issues ran into fresh selling on the rebound. Rails were in fairly good demand, with “Nickel Plate” and Chesapeake & Ohio showing special strength, New York Central was heavy in the early trading, but received good support on the decline. Call money continued to hold steady at 415 per cent, but the undertone was slightly firmer, presumably in reflec- tion of the withdrawal of out-of-town funds in connection with holiday re- quirements. The Bank of England made no change in its rediscount rate. Establishment of new high levels by six European currencies in yesterday's foreign exchange market, and the con- tinued strength of those exchanges to- day, suggested the possibility of addi- tional gold withdrawals from New York fl;lr shi;:;ner;t abroad. Sterling ex- change close to the “gold export"” pom‘t. G POTATO MARKET. CHICAGO, December 5 (#) (United States Department of Agriculture).— Potatoes—Receipts, 100 cars, on track, 314 cars, total United States shipments, . 641 cars; trading slow, market slightly weaker; Wisconsin sacked round whites, 225 to 240, few fancy, 2.50; poorly graded, 200 up; Minnesota, North Dakota sacked round whites, 2.00 to 220, few 2.25; Idaho sacked russets, 2.65 to 2.85, fancy, shade higher. TRUSTEED SHARES The IDEAL INVESTMENT for in. vestors who__demand — SAFETY, YIELD and GROWTH of princip, Specially suiled to “long-term in: vestments for individuals, trust funds “and funds of organizations. Sold in_Lots—$100.00 Up Call or Write " - Standard Collateral . Shares Corporation Woodward Bullding. Met. 3783 INVEST Your Christmas Savings Checks IN OUR 6% FIRST MORTGAGE NOTES Denominations of $250, $500 and $1,000 BOSSTTHE pS Established 1907, 1417 K St National 9300 ALEX. BROWN «* SONS 4 Underwritets « Distributors INVESTMENT SECURITIES ‘WasHincToN Orric 737 15th Street N. W, Telephone, National 105y Matx Orrica - Bareruons