Evening Star Newspaper, December 9, 1929, Page 14

TU14 0 wEE FINANCIAL DISTRICT NEAR TOP | IN RETAL SALES Southern Dairies Declares Dividend on Class A Stock. Financial Notes. BY EDWARD C. STONE. | Department store sales in November in Washington, Baltimore, Richmond and other cities in the fifth Federal Re- | serve district averaged 4.7 per cent| ahead of the corresponding period last year, according to the report given out i by the Federal Reserve Board. Strange to note, there were 27 de- partment stores in the fifth district which reported increases in sales and 27 which recorded a decrease during the month, The percentage of increase for the country as a whole was just under 1 per cent, so that business in this ter- ritory is much better than in many other sections of the United States. NOTE—For Individual SalesPSee 5:30 Edition. e 1929 Stock ana Sales High. Low Dividend Rate. Add.00. Hish. 577% 36'4 AbItibl Power & Pap 1 39% 88% 69 Abitibi P& P pf(8). 1591 58 Abraham Strauss.... 3 20 Adaws Express ctf: 84 19 Adams Miilis (2)... 7 Advance Rumley. 5 Advance Rumley pf. % Ahumada Lead..... Alr Reductn (t434). 201 Alr Wal E1 Ap(2%). 2 Ajax Rubber 4% Alaska Jun 5 5 Albany P W Paper.. 5614 17 Alleghany Corp.. 118% 90 Alleg Corp pf (5%). 354% 197 Allied Ch & Dye (c6) % Allis-Chalmers (3).. 2 Amai Leather..... 17% Amerada Corp (2) 4 Am sgricul Chem. 18 Am Agricul Chpf... 65 Am Bank Note(ft8). 7 Am Beet Sugar. 42 Am Beet Sugar pf... 27 Am Bosch Magneto. 40's Am Brake Snoe 2.40. 4'% Am Brown Bov El 86 Amer Can (5) 133% Am Can pf (7). 15 280 Sales in_department stores in Boston, | New York, Cleveland and St. Louis| were .slightly lower than in November, | 1928, The best increase was made in | ihe Kansas City Federal Rescrve dis-! trict, where salcs jumped 70 per cent, | while the most severe decline was in | the Atlantic district, where sales fell off | just over 5 per cent. i Dallas_and San Francisco reported | good gains, but not as large as those | scored in the territory which includes | the District of Columbia. The pre liminary reports were made to the Fed- eral Reserve Board by 522 stores. In- creases_in _total retail ed by 241 stores and decreases by 281 stores. The percentage changes in total sales between November 1928 and November 1929 are given by districts in the fol- lowing table, the number of stores r porting increases or decrease: ing included Reserve Percentage of Stores reportini Gistrict fhc. or dec. Tnc. Usiited States.... - Eoston Rew York Philadelphia Cleve Alian Chica St. Louis Minneapolis Kansas City .. Dallas *..... . 8an Francisco... The month had the same of business days (25) this year Jast year. Southern Dairies Votes Dividend. The directors of the Southern Dairies Co. today declared a dividend of 372 cents per share on the class A stock. This quarteriy payment places the stock on an annual $1.50 basis. The disburse- ment_is payable on December 31 to shareholders of record December 20. This dividend declaration has been awaited for a long time and today's| action will be highly gratifying to local stockholders. The B stock is still out- side of the dividend column. Southern Dairies A closed Saturday | on the New York Stock Exchange at 22 | after opening af 20. The low for the year is 20 and the high 50’. Southern Daries B closed at 5 Saturday. The i high for the year is 15% and the low 2! Owing to the close connection be- tween Southern Dairies and Chapin Sacks it is logical to expect that Chapin Sacks will make another excellent report at the end of the present year. | Swift & Co. to Split Stock. Swift & Co. has sent a letter to local stockholders outlining a proposed pjan 1o split the stock by changing the pres- ent par value from $100 per share to $25 per share, leaving the company’s capi- talization at $150,000,000. The purpose of the change is to make | the stock more within the reach of the | small investor, including the company's | customers and employes. The vote on changing the par value of the stock will take place at Chicago on January 9. | ‘The directors state that a dividend of 50 cents per share will be paid quarterly on the new stock. This is equivalent to the present dividend of $2 a share quar- terly. SRS SAADLSSS) number | ind Christmas Lull in Market. A Christmas holiday lull seemed to have engulfed the Washington Stock Market today, as business was very| quiet. | Capital Traction opened the trading| 100'% with a_l10-share sale at 75%. Ten | more shares then changed hands at 75%. Potomac Electric Power 5, per cent’ preferred registered 104 on the sale of a single share. ! Two_hundred and fifty shares of Na-| tional Mortgage & Investment preferred | sold at 37, and Peoples Drug Stores| preferred, which gained 5 points last| week on the report of steady gains in| 248% sales, opened the week with 10 shares| selling at 108, ex-dividend. The stock closed with 107 bid and 111 asked. _ | Two bank stocks appeared on the board. Three shares of Union Trust Co. came out at $273, and 10 shares of | Washington Loan & Trust at $500. | In the bond division Washington Gas | Bs sold in $100 denominations at 102, | and $1,000 Capital Traction 5s appeared | on the board at 91%. Gleaned in Financial District. 1 Safeway Stores, affiliated with the| Banitary” Grocery and Piggly Wiggly ! stores in this city, reports(November sales of $19.867,344, increase 1055 per cent over November, 1928; 11 months $191,188,535, increase 102.2 per cent. J. C. Penney November sales $24,- 405,975, increase 26.4 per cent over No- vember, 1928; 11 months $108,087,463, increase 18.8 per cent. | November cigarette internal revenue | collections $27.104,613, against $25,956,- | 361 in November, 1928, according to | Tobacco Merchants’ Association. | The American Business Review, New York. recently contained a reference 0 the Franklin National Bank of this city, making special mention of John B. Cochran, the wresident, and Thomas P. Hickman, vice president. The death of William Peter Hamil- ton, editor of the Wall Street Journal, was carried on the ticker this morn- | ng. Only about two months ago M. addressed the Washington | taking the New York stock as his subje FOREIGN EXCHANGE. (Quotations furn y W. B. Hibbs & Co.) al gold Selling checks | (or par). _today. 548665 §4.881s 193 039% 14 (1400 Hamilton Bond Club, market ned O eron Gtockholm, crown 268 SHORT-TERM SECURITIES, (Reported by J & W. Scligman & Co ) Bid. Orer 1001 101 103 a8 8 | |1 ales were re-| i 208% 104% | 209y | 514 1 140% | 128 136% 145 467 360 120 279% 160 | 140 106'5 75 Am Car & @dv (6) 813 27 Am Chicle (1217). 5 20 Am Com Alco(el.60) 40 18 Am Encaust Til (2). 4 23 Am European Sec... 9 40 50 Am & For Power ... 744 1011 1011 Am&Forn Pwr pf(7) £6% Am&For Po 24 pf(7) 19'% Am Hawaiian S § (2) 40 Am Home Prod 4.20. 18 29 American Ice (3).... 6 's Am Internat (12). 25 Am La F & Foamite, 90 Am Locomotive (8). 111'% Am Loco of (7) 3113 Am Metal (3) 19914 10819 103 42 81% 1% 1 175% sat 104 2 Am Pow & Lt ot (6). Am P&L of A st (5). Am Ra&Std San 1%. 4 Am Republica > Am Roll Mill (e2). . Am Safety Razor(5). ¢ Am Seating (2).. Am Sm & Ref (4). % Am Sm & Ref of (1), Am Snuft Co (131%4).. Am Steel Fdy (3), Am Stores (12%)... Am Sugar Rfg (6). .. 99 Am Sugar Rfg pf(7). 18 Am Sumatra (3). 193% Am Tel & Tel (9).... 160 Am Tobacco (110). .3 160 Am Tobacco B (110). 115 Am Type Fary (3)... 50 Am Water Wks (c1). 97 Am Water W 1st(6. 5% Am Woolen. . 15% Am Woolen pf. 4 Am Writ Paper ctf 28 Am Writ Papr pf (3) 7 Am Zinc Ld&Sm. 49% Am Zinc of (6).... 70 Anaconda Copr (1) 25 Anchor Cap 12.40). 49% 181 Archer-Dan-M (2)... 68% 20 Andes Copper (3) 95 75 Armour Del pf (7)... 18% 5% Armour I1l (A). 10% 2% Armour Il (B).. 407 7% Arnold Constable. 58% 34 Asso Appl Ind (4). 70% 25 AssoDry G (33%) 195% Atch T &S Fe (10 99 Atch T&SF pf (5).. 161 Atl Coast Line (+10). 3214 AUIG & W Indle 45% AUG& W L pf (4). 30 Atl Refining (12). 67 Atlas Powder (15)... 5 Atlas Tack... . 120 Auburn Auto (34) Austin Nichol Austin Nichols p 49% Austrian Cred (4.49) 7z Autosales. 34 Auto-Strop Raz (3) 5% Aviation Corp. Del. Baldwin Loco (1.75). 47 31% Baltimore & Ohlo (1) 19 120 Balto & Ohlo pf (4).. 1 80 Bang & Aroos (3%).. 18 Barnet Leather. 1 20 Barnsdall (12%). 15 Beacon Of} 7315 Beatrice Crea: 100 Btrice Cream pf (7). 45 Beechnut Pkg (c3 5% Belding-Heminwa; 75 Belg Nat Rys pf 5.49 25 Bendix Aviation (2). 25 Best& Company.... 14 78% Bethlehem Steel (). 349 99 116% Bethlehem St pf (7). 7 123% 37 Bohn Alumn&B (16). 22 59 70 Bon Ami, A ($6)..... 5 T3 3 Booth Fisheries 4 18 Booth Fish 1st pf.... 28 53 Borden &Co (3)..... 30 26 Eiorg Warner (4). 10 85 Boston & Maine. 5 115 43% 20 Briggs&Stratton(2). 2 24 3% 8% Briggs Mfg.... 6% 1% British Empire 73% 14 Brockway M T (3)... 81% 40 Bklyn-Manhat (4). 124 7 Brooklyn & Queens 65 44 Bklyn&Queens pf(4) 99 Bklyn Union Gas (5) 36 Brown Shoe Co (3) 16% Bruns-Balk-Col(3) 415 BrunsTer & Ry S 14 Bucyrus Erte (1) 261 Bucyruscvpf (234 22% 9 Budd (EG} (t%) 1213 9% Budd Wheel (1) 25 Bullard Co (12) 21% Bulova Watch (3)... &8 Burns Bros A (8) 29 Burroughs AM(11.80 122 31% Bush Term (£2).... 2 'Butte Cop & Z (50c). 19% Butterick Co. 50 Byers (A M) 20 By-Prod Coke (1). €31 Calif Packing (4) 1 llahan Zinc & L. .« 7 umet & Ariz (10). 25 Calumet & Hec (4%) 45 Canada Dry G A (6). 3 102 84N 40 56 867 1% 4 891 11% 63% 8674 51 55% 44w 42% 50 98% 265% 189% Canadian 48% 28% Cannon MTls (2.80).. 17 Capital Adm (A) 130 Case (J 1) (6)....... 56 Caterpillar Trac (3). 21 Cent Aguirre As1%. 27'% Cent Alloy Steel (2). 240 Cent RRof 52 Cerro de P 11% Certain-teed Prod. Checker Cab (4.20) Ches & Ohio (10).... 92 42% Chesapeake Corp (3) 19% 4 Chi& Alton. 2 31 Chi& Alton pf. 3% 7 ChiGreat Western. . % 17% ChiGreat Westn pf.. 447% 16 Chi Mil St P&Pac. 68% 28% Chi Mil St P&Pac pf. 1081y 75 Chicago & N W (5).. 145 134 Chi& N W pf (T).... 475 21% Chi Pneu Tool. 3 61% 47 Chi Pneu T pf (3% 143' 101 Chi R1& Pao (7).... 103% 947 ChiR1& Pacpf (6). 109 100 Chi R 1& Pac of (7). 50 27% Chickasha CO1l (3). 75% 44% Childs Co (2 40)..... 135 26 Chrysler Corp (3).., 62% 397 City Ice & F' (3.60) 27 7w City Stores (1) g 61% 25 Clark Equipment (3) 72% 35% Cluett Peabody (5).. 145% 101 Coca-Cola (4). 50 44% Coca Cola A (2). 72% 10 Collins & Alkman. ‘7815 27% Colo Fuel & lron 135 K% Colo & South (3) b2 o 4 Col Gi Col G 60% 48% 59% 82 80% 18 1100 1108 2814 109 961, K6 K8 161 Columb Grapn(#7c). 4 105 Columblan Carb(16). I5 Com Credit \2).. u8 Comm Credit A (3).. oml lnv Tr (1 60). 20 Comm Sobvents (1). 10 CommaSo: ub % atk) Il Congol Nairn 41 Cong Clears (164, W Conley Tinfoll sta Conwol Cluar 1) Consol Film (2).. 16 ol Film of (3) ., Ml Connol Gas, NY (4), & #2' Consol Gas of (8 45 Consol I Cub | Consol T 1 Cor e Cont 20 Contl Ba N Cantl I "y Contl an6 w0 It 100 51 3 316 201 931, 978 o 10 3814 ki 31% 117% 80 65% 3% 274 17 R3 100 65 101% 27 199 16% 4114 9% 119% 1219 100 100 1071% 2815 100% | 108 ~Prev 1929— High. Low. 284 474 126% 824 31 5T% 125 121% 116% 5y 24% 17 677% 132 223% [ 58% 6% 18 70 2014 24 18 17 71 103 Stock and Dividend Rate. Contl Motors 180¢).. Conti Ofl of Del. . Corn Prod Refin (14) Coty Ine (g2) . Cream of Wh Crex Carpet. 4 Crossley Radlo (31). Crucible Steel (5). ... Crucible Steel of (7) Cuba Cane Sugar.... Cuba Co...ocvensns Cuban-Amer Sugar.. Cudahy Packing (4). Curtis Publish (+7). Curtis Publish pf(7) Curtiss Wright Corp. Curt Wright Corp A. Cutler-Ham (3%)... Davison Chem. ..... Delaware & Hud (9). Del Lack & W (7)., Denv &R G W pf. Detroit Edison (8) Devoe & Ray A (13). Dome Mines (1).. Dominion Stra(1. Drug Corpn (4). Dunhill Inter (34) Duplan Silk (1)..... Dupont de N (5.20) . Dupont d N deb (6).. Duguesne 1st pf (5). Durham Hosfery. ... Tstn Roll MIl(ht2). astman Kodak(18). aton Axle & S (3).. Eitingon-Sch (2%).. Eitingon pf (6%)... Elec Auto Lite (§ Electric Boat. El Pwr & Lt ( El Pwr & Lt pf (T) Elec Stor Bat (8) ndicott-John (5)... Eng Pub Serv (11).. Eng Pub Sve of (5% ) Equitable Bldg(3%). Erle R R. Erfe R R 18t pf (4).. Erfe R R 2d pf (4)... Eureka Vac Cl (4).., Evans Auto L(2%). Fairbanks Co . Fasn Pk Asso o Fed Motor Tr (80c).. Fed Watr Ser A 2.40.. Fid Phen F Ins (2).. Filene’s Son: Firestone T & R.. ... Firestons T&R pf(6) First Nat Strs (2%). Fisk Rubber. . Florshelm Shoe & Follanshee Bros (1) Foster Wheeler (2).. Foundation Co. . Fox Film A (4) Freeport-Texas (4).. Gamewell Co (§) Gabriel Snub A. %« Gardner Motor. Gen Am Tnk Car(34) Gen Asphalt (4). Gen Bronze (2). Gen Cable. ... Gen Cable A ( Gen Cable pt (7).. Gen Cigar (4) Gen Electric (16) Gen Elec spee (60c). Gen Electric (new).. Gen’l Food Corpn (3) Gen Gas&El A (te2). Gen Mills (133 ) Gen Motors (13. Gen Motors pf (7)... Gen Outd Adv A (4). 4 Gen Outd Ad vte (2 Gen Public Serv(bs). Gen Ry Signal (5)..., Gen Refrac (t4%). Gillette Saf Raz(c5). Gimbel Brother: Glidden Co (h2). Gobel (Adolf). .. 1'% Gold Dust (214) Goodrich BF (4) Goodrich pf (7) Goodyear Tire (5). Goodyear 1st pt (7).. Gotham Silk H (23%) Gould Coupler.... Graham-Paige. Granby Copper (3) Grand Silver Stores.. drand Stores (c1)... % Grand Union........ Grand Union pf (8).. Grant (W T) (el). Granite City Stl (4).. Grt North pf (5). Grt North pf ct (5) Grt Nor Ore (a1%) Grt West Sug (2.80). Grigsby Grunow (2). Guantanamo Sugar. . Gulf Mo & North. Gulf Sta Steel (4), Fahn Dept Stor Hahn Dept S pf(634) Hartman A (2)...... Hartman B (1.20)... Havana Elec Ry..... Hawatian Pirfe t2%.. Hayes Body b8 % stk Hershey Chocolat Hershey Choc of (4). Hershey Ch pr pf(6). Hoo (R) & Co.. . Holland Furn (e23%). Houdaille Her B(2).. Household Prd (14). Houston Ofl.......0. Howe Sound (t4%4). Hud&Man Ry (3.50). Hudson Manh pf(5).. Hudson Motor (5)... Hupp Motor (£2). Illinois Central (7) Independ O11 & G (2) Indian Motor Cycle.. Indian Refining. .. Indian Refining ct. Industrial Rayon Inland Steel (33%). Ingersoll-Rand $7% . Inspiration (4)...... Interboro Rap Tran. Intercontinental Rub Intl Bus Mch (6).... Intl Agricultural Intl Cement (4) Int Conubustion Inti Cmb Eng pf (1).. ntl Harvester (2%) Intl Harv pf (7)..... Int Hydro El A (e2). Intl Match pf.(3.20). Int Mer Marine etfs.. Int Nickel of Can(1). Intl Paper pf (7). Intl Pap & P A(2,40). Intl Pap & Pwr C.... Intl Pap & Pwr pf(7) Intl Printing Ink (3) Intl Shoe Co (3)... Intl Stlver (18 Int Tel & Teleg (2) Inter Dept St ¢2).... Investors Equity(2). Island Creek Coal(4) Jewel Tea (4)....... Johns-Manville (3).. Jordan Motor Car. Kan City Sou (5) Kan City Sou pt ( fmann D S (1%) Kayser Julius (4)... {efth-Albee-Orph... Kelly-Spring Tire... Kelsey Hayes (2)... Kelvinator Corp. Kennecott (5) Kolster Radlo Kraft PhCh (1%). Kresge(S8)Co(1.60) Kresge Dept Stores. . Kress (SH)Co (n1). Kreuger& Toll (1.34) Kroger Gr&Bakicl), Lago O1l & Trans Lambert Co (8) Lehigh Valley Coal.. Lehn & Fink (3). Libbey Owenns (1)... Liggett & My (16)... Ligeett & My B (16). Lima Locomotiv Lia Carbonte ¢+ Loew's. Ine (13%).. Loew's Inc pf (6%). Loft In Longk tiell rillard (P Loulsiana O, ., Lou O & kKl A (1% Ludlum Sieel Ludium S0 pf (84 Mao A & Forbi1a s MoCrory W0, 0uie Moraw- Mil g Molntype Pare M(1) MoK eonpt T ) Mok Mok Mol Mash biucnn () ° o2 POITTY 3 JNDPIOS Sales— Add 00. High. 42 8 47 2% 20 100% 40 o e - mmGeal mnalahitaa = PR-JRII o [ ~SRpeanm % 27% 98 30% 30% 18 2314 R4 106 1% 11 % 47 115 116% 81y 18% 88% 33% 176 147% 60 209% 38 MONDAY, ~Prev. 1929~ High. Low 2554 110 24 114 82 35 39% 6 501 38% 378 Stock and Dividend Rate. Macy ( RH)&Cotcts) Madison Sa G (1% ). Magma Copper (§).. Mallinson & Co Manati Sugar pf. Sandel Brother: Man Elec Supply. ... Man Elev mod (d6). Man Shirt (2)... Maracasho Ofl Exp.. Market St Ry pr pt.. Marmon Motor (4).. Martin-Parry Mathteson Al May Dept Stor & Maytag Co (12). Maytag Co of (3).... Maytag Co 1st pf(6). Meiville Shoe (1.40). Mengel Company (2) Mexican Seaboard Miam1 Coprer (4) . Michigan Steel (13 Mia-Conti Middle Stat Midland St pf(12). Miller Rubber....... Minne&Hon Reg(t4) Minn Moline Pwr. . Minn Moline pf 6% Minn & St Lou; Mo Kan & Texas. .. Mo Kan & Tex pf(1). Missouri Pacific. . Missouri Pac of (5) Mohawk C Mills (3).. Monsanto Ch (g1%). Montgomry Ward(3)1024 Moon Motor (new). . Morrell J (3.60)..... Mother Lode (40¢). ., Motor Meter G & E. . Motor Products t1 Motor Wheel (3). Mullins Mfg. . Murraay Corp (k3).. Myer(FE)& Bre (3). Nash Motors (6).... Nat Acme (1%). Natl Alr Trans...... Natl Bella Hess(11). Natl Bel Hes pt (7). Nat Blseuit (17%)., Natl Biscult pf (7). Natl Cash Reg A (14) Nat Dalry (32 5 Natl Dept Stores. . ... Natl Distillers. ..... NatlEnameling (2).. Natl Lead (5)....... Natl Pwr & Lt (1)... Natl Radiator. Natl Radiator pt. Natl Supply (+7) Natl Surety (5). Nat Tea Co (2) Nevada Copper (3).. Newton Steel (3) % N Y Alr Braki N Y Central (8) NYChi&StL (6) N Y Ohi & St L pf(6) N Y Dock pf (5)..... NY NH & Hart (6)., NYNH&HDt ()., N Y Ont & West..... N Y Ratlways pf..... Norfolk South (2%). Norfolk&Wstn (112). North Am(b10%stk) North Am pf (3)...4 North Am Ed pf (6) Northern Pac (5). North Pac ct (5). Norwalk Tire & Rb. . Oliver Farm Equip Olivr Fr Ep cv pt(3). Olivr Fr Eq pt A(6) Omnibus Corp...... Otis Elevator (18) Otis Steel (2%)..... Owens 111 Bottle(c4) Pacific Gas & £ (2).. Pacific Lighting (3). Pacific Ofl stubs. ... Packard Mot (11.10) . Pan-Am Petroleum. . 4 Pan-Am Pete B..... Panhandle P& R.... Paramount-F-L (3).. Park & Tilford (13). Park Utah. . Parmelee Tra Pathe Exchang Pathe Exchange A. .. Patino Mines (3.89). Penick & Ford (25¢) Penney (J C). Pen (JC) pf A i Penn Dixle Cement. . Pennsylvania RR(4) People's Gas Chi (8). Pere Marquette (13). Pet Milk (13%). Phelps Dodge (3). Phila & Read C& I, Philip Morris (1) Phillips Petrim (c2). Phoenix Hostery . Plerce-Arrow A. Plerce Oil.... Pierce Petroleum. Pillsbury Fl (t234).. Pirelli Co A (2.88)... Pittsburgh Coal pt. Pittsbgh Screw 1.40. Poor & Co (B) (2)... P Rican Am To (A)7 P Rican Am To (B).. Postal Tel & C pf(1). Prairie O&G (12%).. Prairie Pipe L (15).. Pressed Steel Car. Proc & Gamble (2).. Prod & Refiners. ... Pub Sve NJ (2.60)... Pub Sve NJ pf (6)... Pullman Corp (4).... Punta Alegre Sugar. Pure Oll (1%). Purity Bakerl Radio Corp. Radio pf A (3%). Radio pt B (5). Radio-Kelth-Orph A. Railway & Exp (2) R R Sec 1C stk C(4). Raybestos-Man (2% ) Reading (4)..... Reading 1st pt (2)... Reading 2d pf (2). Real Silk (5). Rels (R) & Co Rem Rand (50¢). Rem:ng-Rnd 18t ( Reo Motor (r1.40) Repub Ir & Steel(4). Rep Ir & Stl pf (7). Revere Cop & Bra Revere Cop & Br(A). Reynolds Spring. . .. Reynolds Tob B (3). Rhine West (1.92)... Richfield O11 (2). Rio Grande Oil (k2). Ritter Dental (234).. Rosaia Ins (220) Royal Dutch (a3.20 Safeway Stores (5).. St Joseph Lead (13). St L-San Fran (8) St L-San Eran pt (6) St L Southwestern Savago Arms (2) » Schulte Retall Strs. Seaboard Afr Lin Seaboard Alr Li Seagrave (e1.20). Sears Roebck (123% ) Second Natl Inv ctfs. Sec Natl Inv pf (5).. Sales— 26 18 Add 00. High. 16214 13% 57% DECEMBER 9, 1Y, Prev. Close. Close. 159 1624 13 51% 2 23% 16% 238 38% —Prev 1920 High. Low. 104 2 21% 58% 22 66% n 31% 4% 188 40% 45 11 4614 16% 6419 111 45 931 50 16% 1571 162% 9914 6314 b52% 73 45 66% 557 1N7T% 44 43% 243% 67 48 81% 83 484 9% 38 15'% 5514 ics 201% 98 418 86% 24 73% 22% 19% 25'% 207 1% 854 181 23% 24 35 51% 62 2114 907 974 343 139% 22% 16 22% 159 13 62% 9 28% 15% 22% 371% 21% Th 168 264 8% 20 19% 50 25% 19 12 5914 15 21 103 Sharon Sout! Sparks Spi Stand I Std of1 Stewar Timkn Trusco Un Ofl United United Utd Ga United U S Hof u u u u u u u El s s s s S U S Steq Vanadl Virgin, Wi Wi Wester: Wilcox Wilcox Wilson Wilson Wilson Wright Yellow Bucyru: 5 314 % Utd Ga: ? ; 30 A.M.. e 1:30 P.M. 6% h! 9 26's 11% 104 14 634 % In stock. in_ stock. d Payabl I Plus 10% 1n stock in stock. k Plus 1}3% 1725 of Stock ana Dividend Rate. Seneca Copper...... 7% Servel Ine... ghln & Dohme. Shell Unlon (1.40) Shubert Theatres. Stmmons Co (g3)... Simms Pet (1.60). Sinclair Con Ol (2) .. Sinclair ON pf (8)... Skelly O11 (2) Snider Packin Snider Packing pf... Solvay Am In pf 6%. So Porto R Sug 12%. Southern Cal EA (2). Southern Dairfes A. Southern Dairies B. Southern Pacific (6). Southern Ry pf(5). Spalding (AG) (3)... Spang-Chalfant..... Spencer Kelg(1. Splcer Mfg. Mfg e Splegel-May-St (3).. Stand Brands (13). 1054 Stand Com Tob (1).. 3 Stand Gas & El (3%) 43 StandG&Epf (4)... 3 Stand OII N J (12) Stand OII N Y (1. Stand Plate Glass. Sterling Sec A)..... Sterling Sec pf(1.20) Sterling Sec ev pf(3) ‘Timken Roller (3) Tobacco Products. , Tobacco Prod ctfs Tobacco Products A. Top Prod ctfs A. Transcontinenta Transue & W (1). Trico Prod (2% ) Truax Traer (1.60). Twin City Rp T (4).. Und Elliod Fishr (§). Union Bag & Paper.. 1 Unlon Carbide(2.60). Union Pacifie (10)... Union Pacific pf (4) .. Utd Alrcraft&Trans. Utd Afreraft&T of 3. Utd Biscuit (1.60) Utd Carbon (2) Utd Corporation Utd Corp pf (3). Utd Fruft (e4)...... Utd Gas & Imp (1).. Utd Storespf. U S Distributing..... U S & Foreign Secur, U S Freight (3). U S Ind Alco (6. U S Leather. S Leather A (4)... Pipe & Fdry (2). Pipe 1st pf (1.20) Realty (). Smelt Ref (33 . U S Steel pf (7)....0 Unlv Pipe & Rad Util Pwr & Lt A (e2) Vadsco Sales. . Van Raalt, . Vick Chemical(2%4) . Virginia-Car 6% pf.. Virginia-Car pf (7).. Wabash cenes Waldorf Systm (1% Walworth Co (2) Ward Baking B..... Ward Baking pf (7). Warner Bros Pic (4). Warn Br P pf(2.20).. Warner-Quinlan (3) Warren Bros (19)... Warren Fy&Pipe(2). Webster-Liseniohr. . Oll & Snow(2). Wess O & Sn pf (4).. Westn Dairy A (4).. Westn Dairy (B) ern Maryland Western Md 2d pf... n Pacific. Westngh Alr Brk(2). Westngh E1&M (4).. Weston El Inst (1).. White Eagle Oil «2). White Motors (2)... WhiteRock M S (t4) Willys-Over (¢1.20). Woolworth (2.40). Worthington Pump.. Worth Pump A (7). Young Spring (3) Young Sheet & T Zenith Radle (2).... RIGHTS EXPIRE Allis-Chal, n.Dec. 31 . “ % Am Rollg M..Feb 15 i 1 % Col. Carbon.,Mar. 11 4 4 10%a Det Edison # Reynolds Sp Sales of Stocks on New York Exchange. 2120 3,404,600 Dividend rates as given 1n ti payments based on the iatest quarterly or half- “Unit of trading less than 100 shares. §Plus $3 in prelerred stock. d last year—no regular rate. hare in ftock. VINANCIAL 'TRADERS IN STOCKS Sales— Prev Add 00. High. Low. Close. Close. 6 2u 2% 2% 2% 10% 10 10w 104 | 26% 26 26 264 19 18% 18% 194 55% 55 65 554 404 39% 39% 394, 24% 24% 24% 244 126 12 12 124 111 102% 103 108 28 28 29 274 27% 274 107% 109 109 33% 33% 33% G 23% 23% 93 99 2% 21% 58% 58% 23 25 4% 4% 1224 123% 137'4 141 9T%h 98 35% 36 2418 24% 18% 187 25 25'% 271 2™ 0 g0y 45 45 304 814 126 65% 14 654 681 5% . 471 Steel H(H.. 1 22% 97 28% €0 22 5 123% n Rwy (3) Withngtn(1). - om0t 000 e BB i 17 nv Corp (b6). 1 of Cal (h2%4) t Warn(j3%). Stone & Webster (2). Studebaker (15) Submarine Boat. Sun Oil (p1). Superior Ofl Superior Stee! Sweets of Amer (1) Symington A... Telautograph 11.05. Tenn Cop & Ch (1).. Texas Corp (3)....., Tex Gulf Sul (4)..... Texas & Pac (6)..... ‘Texas P C & O1l (b5). Texas Pac Land Tr., Thatcher Mfg (40¢). The Fair (2.40). ‘Thompson J R (3.60) Tide Water Asso. ... Tide Wat Asso pf(6) Tide Water Oil pf(5) 60 24 91 8 16% 13 59% 59 136 1% 10% 21 31% 36% 14% 83 R/ 16% 81 3% 2% 614 54 9% 20% 35% 16% 40% 40 40 30 30 30 68 113 108% 108% 110 14 13% 13% 141 260 87% 83 84 87 7 ATM 6% 461 47% 3 226% 222 223y 227 i 82% B2%, 70 46 46 57 5 40% 50% 5 2% 29 345 47y 124 107 134 76 59% 58 59%_ 5 1 131%130 65 114 11 37 114 104 21 5isy 32 31 37 " .36 4% 14 81 87% 8% 16 16% 1% TT% 3% 3% 2% 2 6% 6% 5 131 11 11 21 31 14 81 Det Axle t30e n Stl (£1.20) of Cal (32).. Cigar Strs pf. Elec Coal. s & Im pf(§) Stores A. ffman (2) 1(18). 1513 14 2 15 9 um (14) v - > 17 86% 64 2381 78 5214 28% 29% 5la 66 414 40 234% 147% 147% 26% 261 8% 8 26% 26% 5319 5314 AT A% 14 15 2714 284 a-Car Chem. . 53% 287 31% 5% 66 45 40 23% 152 27 53% 47% 15 29% 28 24% 247 T 45k 46 104 218% 208 208 26 497 48 4874 290 159% 1514 151 10 38% 327 32% 2813 2815 M1y 83% 33 334 40% 40% 4015 95 12 27 21% 2014 9% 10% &Co..uuue A% &CoA. 9 & Co pf. 3 51 8% 81 86 54 124 385 38% 113 115 9% 10% » M ® T e RO o e B NS e e 28%% 247 46 n Unlon (8).. i 158 334 331 3wy 28 | 21% | 9% Rich(A)2%.. Rich B (c2).. 2014 81 86 54 14% Aero (2). Truck & C. 5 6 115 22 114% 1 s Erie Dec 30 2 W W 13 98 107 21 204 64 b S 3% Bl 3% % Y Y 3 14w 1% 20% 3 s Im..Dec 311029 70,500 12:00 Noon. « 2,500,700 .. 31920,300 the annuai cash rly declarations. 1Bartly extra. ! 3/25 Bagabe 12/tody TPl e, In stock. B Party stock SPISS s 5 3 share 1n Stock. D Plus 3% 1n stock.” th Uius ibove table Corporation News NEW YORK, December 9.—The fol- lowing is today’s summary of impoi- tant corporation news prepared by Standard Statisties Co., Inc, New York, for the Associated Press. News Review. Steady advances in both stock and bond prices were witnessed throughout the week. The rise was accompanied by an increase in volume, transactio on the New York Stock Exchange pick- Ing up to about 4,500,000 shares daily toward the close of the week. The week’s advance has brought the av, erages to point where 36 rfr cene of the loss, which took place from the high of September 7 to the low or November 15, again has been regainca. The recovery thus far appears to have been Inrgely of a technical nature fro the excessive declines which took place wrlier In the month. From now on the market can be expected to take cognisance of the trend of the trade, industry and corporate profits. Alt ) the recovery was de and of & geiy eral nature, outstanding strength wa hown by the uthitties, electrical equy ments and specialties. The amusement Broup was temporarily under pressure, partly as the result of the Government action against two of the major units in the motion picture industry. Money was again plentiful, with call loans ranging between 4 and 42 per cent. While time money was quoted at 42 | per cent for all maturities. The Companies. Baldwin _Locomotive Works receives | order for 20 locomotives from Chicago, | | Burlington & Quincy. ‘fl,fial!h:-.&(fl;x’lcnn Oll declares extra | | dividend o! cents and regular quar- terly of 25 cents. ¥ ‘l Calumet & Hecla Consolidated Cop- | | per reduces smeiter output 25 per cent. | Consolidated Retall Stores November sales up 163 per cent; 11 months, 19.5 pe: cent above year ago. International Paper & Power subsidi- ary acquires 64 square miles of Quebec timber holdings from Escuminac Lum- ber Co. Lane Bryant, Inc., November sales up 21.3 per cont; 11 months, 36.7 per cent above year ago. | | Mangel Stores November sales up 15 per cent; 11 months, 38 per cent above | Year ago. J € Penney Novemb per cent; 11 months, ) L Youi ago les up 304 o o | annual dividend basis, equal to the $3 Safeway Stores November sales up 105.5 per cent; 11 months, 102.2 per cent above year ago. Sally Frocks, Inc., November sales up 81 per cent; 11 months, 51.8 per cent above year ago. Standard Oil of Ohio reduces gasoline 1 cent a gallon, to 18 cent$ tank wagon rice. s Swift & Co. proposes change in capi- tal from 1,500,000 shares of $100 par to 6,000,000 shares of $25 par and a 4-for- | 1 stock split: places new stock on a $2 | rate on old stock. STOCK OFFER EXTENDED. 274 27% | % | wide difference of | | PROFIT BY ADVANCE Market Runs Into Selling as Forward Movement Resumes. BY STANLEY W. PRENOSIL,’ Associated Press Financial Editor. NEW YORK, December 9 (#)—The rally in stock prices, which has con- tinued with few interruptions since last Monday, was resumed today under the ieadership of U. S. Steel common, but heavy profit-taking brought about sharp recessions in soms of the recent leaders. - Gains in the active issues ranged from 1 to 8 points, with Auburn Auto scoring an extreme gain of 31Y. Trading was fairly heavy in volume, with the ticker running about half an hour behind the market in the early afternoon. ‘The announcement of a 4-for-1 stock split-up in Swift & Co. common, coupled with rumors of other split-ups and stock dividends, provided the chief background for the advance, a running in of the short interest, particularly in the copper and automobile shares, also stimulated the advance. Little attention was paid for the time being to unfavorable business news, many traders apparently taking the at- titude that the recent reaction had sufficiently discounted the current re- cession in the steel and other leading industrics. Pools were again active in a number of specialties, but there was a opinion among brokers as to the size of their public followihg. Bidding for United States Steel com- mon _carried that issue up_more than 6 points to 189, or 39 point® above the low point reached in the break last month, but profit taking cut down the gain. Boston & Maine ran up 8 points and Hudson & Manhattan preferred advanced 3, but the other rails failed to make much progress, Union Pacific and Erie each selling down 3 points. The rise in motors was regarded as the usual pre-automobile show demon- stration, and was facilitated by the ex~ istence of a large sleeping short in- terest in those stocks. Nash was quick- ly marked up 6 points, Hudson 4! and General Motors, Studebaker and Marmon advanced 3 points or more. Anaconda, with a gain of more than 4 points, led the advance in the cop- pers, based on unofficial assurances that the 18-cents-a-pound price for the red metal would be maintained. Profit taking came into the market in increasing volume in the last hour. U. S. Steel and other leaders lost substan- tial portions of their earlier gains, Such issues as Union Pacific, Columbian Car- bon, Eastman Kodak and Western Union sold 5 or 6 points below last week’s final levels, while Allied Chem- ical dropped nearly 9 points. Invest- ment rails continued in good demand however, with half a dozen issues o this group gaining 2 to 5 points, Th close was irregular. CHICAGO LIVE STOCK MARKE ! CHICAGO. December 9 () (Unitad States Department of Agriculture).— Hogs—Receipts, 46,000 head; including 22,000 head direct; market mostly 15 to 25 higher than Friday; top, 9.55; bulk, good to choice, 190-300 pounds, 935 to 9.50; 140-180 pounds, 9.00 to 9.35; packing sows, 8.15 to 8.60; buteh- ers, ‘medium to_choice, 250-300 pounds, 9.00 to 9.55: 200-250 pounds. 9.15 to 9.55; 160-200 pounds. 9.00 to 9.50; 130~ 160 pounds, 8.65 to 9.45: packing sows, 800 to 8.65; pigs. medium to choice, 90-130 pounds. 8.00 to 9.00. Cattle—Receipts, 22,000 head; calves, | receipts, 3.000 head: market slow, ten- dency iower on all slaughter classes; few choice light yearlings practically steady: best yearlings paid around . bulls steady, vealers tending : slaughter classes, steers, good and choice, 1,300-1,500 pounds, 12.00 to 14.50: 1,100.1,300 pounds, 12.00 to 15.00. 950-1,160 pounds, 12.25 to 15.75; com- mon and medium, 850 pounds up, 8.00 to 12.50; fed yearlings, good and choice, 750-950 pounds, 12.50 to 16.00; heifers, good and choice, 850 pounds down, 12.00 to 15.00; common and medium, 7.75 to 12.00; cows, good and choice, 7.75 to 0. common and medium, 5.75 to .75; low cutter and cutter, 4.50 to .75; bulls, good and choice (beef), (‘.’759 to 10.00; cutter to medium, 6.75 Vealers, milk-fed, good and choice, 11.00 to 15.00; medium, 10.00 to 11.00: cull and common, 7.00 to 10.00; stocker and feeder steers, good and choice, all weights, 10.25 to 11.00; common and medium, 8.00 to 10.00. Sheep—Receipts, 28,000 head: market fully 25c¢ lower; early bulk fat lambs, 12,50 to 12.75; top, 13.25; fat ewes, 5.50 to 5.75; feeding lambs, quotable, steady: lambs, good and choice, 92 pounds down, 12.35; medium, 11.00 to 12.35; common, 9.25 to 11.00; ewes, medium to choice, 150 pounds down, 4.75 to 6.25; cull and common, 2.50 to 5.00; feeder lambs, good and choice, 11.75 to 12.75. About 1,000 men are engaged in the sale, servicing and repair of windmills 2915 | in Southwest Texas. National Metropolitan 5 Bank % Faithful Service fIn all the years this bank has been serving the public it has never failed to “take care of” the needs of customers of standing—no matter what the country’s finan- cial position. fiYou'll profit by doing business with The Met- ropolitan, 3% Paid on Savings Oldest National Bank _in the District of ColumBia NEW YORK, December 9 (#).—Di: i rectors of the United Stores Corporation have extended until January 15 its offer | to exchange its stock for the class “A’ and common stock of the Wl Products Corporation, dividend e!fllfl-l cates A" “B" and “C" of the Tobacco Products Corporation, and United Cigar Stores Co. common stock. ulity of nu