Evening Star Newspaper, December 12, 1929, Page 14

14 #%# FINANCIAL.' FEW SAVINGS CLUB CHECKS 0 ASTRAY Banks Protect Customers Who Failedto Get An- nual Payments. BY EDWARD C. STONE. It developed today that out of the more than 80,000 Christmas Savings Club checks mailed to members by the | Washington banks, only a tiny propor= tion was lost or stolen. In these few instances the club members will_not Jose a cent. They merely fill out a s worn affidavit stating that they never got the checks and are presented with the money by the banks. One bank sent out 3,000 of these chacks and all but seven reached their Jestination prompt- ly. And of the soven missing sav- ings club ;‘hrclés only one was forged. 6 Anlk;‘;n\'az of Ihf'glm‘al banks maintaining I the clubs showed that the other banks and trust companies had about the same proportion. Bankers say this is a fine record considering the enormous number placed in the mails. Bankers stressed the importance again today of the greatest care by merchants and others in cashing these checks. In case there is any question as to identi- fication, all merchants should send the holders’ of the checks to their banks | “for their money. 1t is believed that all | cases where the checks were not re-| ceived on time now have been rrported; the banks. | 'nThl‘ warning issued by Chairman Eliot H. Thomson of the advertising | committee of the District Bankers' As- sociation has put the local merchants on their guard. so that no more such | forgeries are anticipated. In addition 10 the forging of Christmas savings club checks have been the usual number of other holiday forgeries, or attempted forgeries. In the holiday rush in the banks several efferts have been made by strangers to cash bad checks. The protective committee of the Dis- trict Bankers' Association is another committze that is particularly busy just at this time. E. J. McQuade, vice president of the Liberty National Bank, | is chairman of this body, the members of which aré keeping in the closest possible touch with local banking con- ditions in order to give the association members full protection. W. B. Hibbs Celebrates Birthday. William B. Hibbs, dean of Washing- ton brokers and head of W. B. Hibbs &'.I Co., celebrated his sixty-fifth birthday anniversary yesterday, receiving a host | of congratulations. He is in_splendid health and does not look to be & day ver 50. 2 Ml’.sflibbs has had a fascinating ca- reer. He was born in Gordonsville, Va. December 11, 1864, and during his boy: hood days delivered newspapers in Washington. His paternal grandfather came to this country from England well over 100 years ago, and his father was the first white cm}:g?f English parenl-i e born in Washington. - ! .gAfler his education in Washington, | Mr. Hibbs just naturally took to the brokerage business and founded W. B.’ Hibbs & Co., in 1889, having been head | of the firm ever since. His firm belongs to more stock exchanges than one can count on his fingers—New York, Boston, Philadelphia, Chicago, Washington, etc. During the World War Mr. Hibbs was active on all the Liberty Loan commit- tees, rendering very valuable service to the ‘Government. Mr. Hibbs belongs to the American Bankers' Association, District Bankers’; ‘Association, is a trustee in many insti- tutions, a 32d degree Mason and Shriner, and a member of several fra- ternal orders and clubs, such as thel Racquet, Alibi and Chevy Chase. His| cstate at Leesburg is one of the show places in that part of Virginia. In commenting on the market recently, he ceclared that over 90 per cent of the people who lose money in Wall Street lose it because of overextension of | their accounts. Dividend and Bonus Voted. At a meeting of the board of directors of the Security Savings & Commercial Bank yesterday, the regular quarterly dividend of 4 per cent and an- extra dividend of 1 per cent were declared avable December 31, 1929, to stock- gclders of record December 26, 1929. The directors also voted an additional Christmas compensation of 5 per cent 1o the officers and employes of the bank to be distributed Christmas. At the regular December meeting of the board of directors of the Chevy Chase Savings Bank the regular semi~ annual dividend of 2 per cent on the capital stock was voted to stockholders of December 20, payable December 31, and $4,000 was added to surplus, there- by bringing the bank’s surplus to $25.- 000, which officials consider a splendid showing for the young institution. President Frederic Ernest Farrington complimented his fellow officers and directors upon the bank’s progress dur- ing 1929. Lanston Leads Local Market. Lanston Monotype was the most ac- tive stock on the Washington Exchange in today's session. The opening sale was 113 shares at 106. This was fol- lowed by two more of 10 shares each at the same figure. Mergenthaler Linotype figured in two salos totaling 50 shares at 107, the new high price recently prevailing. The stock is still selling ex-dividend. Twenty shares of Washington Railway & Electric preferred came out at 95. Commercial was the only bank stock appearing on the board. There was a 50-share transfer at 258. This is the same quotation at which all the recent sales have been recorded. | Bond trading was light. A baby ‘Washington Gas 6s, series B, sold at 103 wnd a $500 Capital Traction 5 came ‘out at 92. ‘The regular meeting of the directors | of the Lanston Monotype Co. is being | held in Philadelphia today, J. Thilman | Hendrick and Karl W, Corby, of this| city, being among the directors present. Norfolk Southern Passes Dividend. | The Norfolk Southern Railroad passed the dividend due at this time on capital stock. Dividend was renewed on the issue at this time a year ago, when a semi- annual dividend of $1.25 and an extra dividend of $1 were declared. The annual meeting of the Depart- mental Bank will be held January 14. Purchases of merchandise and farm products by chain stores in 1930 will ggregate $6,000,000,000, an_increase of 1.000,000,000 over 1929, Willlam H. Albers president of the National Chain re Association asserted while in | shington to address President Hoo- < council of business leader: ' Two Dividends Declared At a meeting of the board of direc- tors of Call Carl, Inc., held on Decem bor 10, a semi-annual dividend of 3': per cent was declared on the preferred #tock and $1 per share on the common stock to stockholders of record on De- cember 31, 1929, payable on January 10 The board of directors of Anacostia Bank at_their monthly meeting yester- terday declared the usual 5 per cent quarterly dividend to stockholders of record December 23, making 20 per cent for the year, Hopewell H. Darneille six years with the National Metropoli- William B. Hibbs. for the last Stock ana Dividend Rate. !4 Abitibl Power & Pap Abitib] P& P pf(8). Abraham Straui Adams Express ctfs. Advance Rumley. Advance Rumley pf. Sales— Add 00 Hizh. Low. 6 36 36 78 6414 30 13 —— 1929 High. Low. 577 B8 15914 734 104% Alr Reductn (t414).. Alr Wal E1 Ap(23). Afax Rubber. .. Albany P W Pape: Alleghany Corp. 90 Allez Corp pf (5%).. 197 Allied Ch & Dye (c6) 1184 Allled C& Dpf (7).. % Allis-Chalmers (3). . 21 Alpha Port Cemt(3). 17 Amerada Corp (2). 4 Am 2gricul Chem 18 Am Agricul Ch nf 65 Am Bank Note(ft3). 7 Am Reet Sugar. ... 42 Am Beet Surar pf. 27 Am Bosch Magnet 40's Am Brake Shoe 2.40. 4% Am Brown Rov Elec. 86 Amer Can (15). 75 Am Car & ¥dv (6) 7 AmChicle (121). .. 0 Am Com Alco(c1.60) 23 Am Enropean Sec. . 50 Am & For Power 86'% Am&For Po 24 pf(7) 19% Am Hawaffan S § (2) 3% Am Hide & Leather. 231, Am Hide & Lea nt 40 Am Home Prod 4.20. 29 American Ice (3).... 2915 Am Internat (12). Am Locomotive (R) 279% 142 Am Machine Co (17) S1% 311 Am Metal (2). 106 Am Metal pf (6) 1 AmPlano..... f41i Am Pow & Lt (11)... 48 70 AmP&LDLA(D)... | 727 Am P&L of A st (5). 28 Am Ra&Std San 1%. 64% 1214 Am Republics. . 1445 60 Am Roll Mill (¢2) 74% 44 Am Safety Razor(5). 417 21% Am Seating (2). % Am Ship & Com. 1304% 62 Am Sm & Ref (4). 138 1234 Am Sm & Ref of (7)., 49 Am Snuff Co (133). i % Am Steel Fdy (3)... Am Stores (123%)... 94% 56 Am Sugar Rfg (5) 60 18 Am Sumatra (3) 310% 193'% Am Tel & Tel (9). 1% 160 Am Tobacco (110). . 160 Am Tobacco B (110) 4 114% Am Tobacco of (6).. 50 Am Water Wks (1), 97 Am Water W 18t(6). 5% Am Woolen . 15'¢ Am Woolen pf...... 4 Am Writ Paper ctf: 7 Am Zinc LA&Sm. 49% Am Zine pt (6). 70 Anaconda Copr (7). Anchor Cap (2.40) 30 Andes Copper (3). 18% Archer-Dan-M (2) 75 Armour Del pf (7) 5% Armour Ill (A) 2% Armour I11 (B) Armour 111 pf ( 20'¢ Art Metal (134). 34 Asso Appl Ind (4)... 25 AssoDry G (2%)... 195% Atch T & S Fe (10) 99 Atch T&SF pf (6). 161 Atl Coast Line (110). 324 AtlG & W Indte: Atl Refining (12) 67 Atlas Powder (t5) 5 Atlas Tack... 120 Auburn Auto (34). 3% Austin Nichol: 34 Auto-Strop Ra: 5% Aviation Corp. Del.. 15 Baldwin Loco (175). 34 105 Baltimore & Ohio (7) 7a 75 Balto&Ohiopf (4).. 1 b5 Bang & Aroos (3%).. 59 31 Barnet Leather. 1 20 Barnsdall (t2%).... 216 15 BeaconOfl. .. 45 Beechnut Pkg (e3) 1 5% Belding-Heminway.. Bendix Aviation (2). 23 2 EBest & Company. 78Y% Bethlehem Steel (6). 116% Bethlehem St pf (7). Bloomingdale ctfs. .. 37 Bohn Alumn&B (15). 70 Bon Ami, A (16). 3 Booth Fisheries. 53 Borden & Co (3). 26 Borg Warner (4 85 Boston & Maine 815 Briggs Mfg 20 Briggs&Stratton(2). 1% British Empire Steel 14 Brockway M T (3).. 40 Bklyn-Manhat (4). . 76% Bklyn-Man Tr pf (6) 7 Brooklyn & Queens., 16% Bruns-Balk-Col(3) 4'4 Bruns Ter & Ry S 14 Bucyrus Erfe (1).... 2614 Bucyrusecv of (234). 9 Budd (EG5 (1) 9% Budd Wheel (1) 25 Bullard Co (12) 21% Bulova Watch (3). 22% Burns Bros B .. 29. Burroughs AM(11.80 2 Butte Cop & Z (50c). 5 Butte & Superlor. (2) 19% Butterick Co. 50 Byers (AM)... 20 By-Prod Coke (1), 6314 Calif Packing (4). 7313 Calumet & Ariz (10). 25 Calumet & Hec (4% ) 20 Campbell Wyant (2). 45 Canada Dry G A (5). 189% Canadian Pac (10).. 170 Can Pac 3d pd ctfs. . 28% Cannon Mills (2.80).. 17 Capital Adm (A) 130 Case (JI) (6)....... 56 Caterpillar Trac (3)., 8% Cavanagh-Dobbs 31 Celotex (3). 80 Celotex pf (7 27% Cent Alloy Steel (2). 3 Century Rib Mill 521 Cerro de Pasco (6) 11% Certain-teed Prod. 18 Checker Cab (4.20).. 160 Ches & Ohio (10).... 42% Chesapeake Corp (3) 4 Chi& Alton : 3% Chi & Alton pi 7 ChiGreat Western 17% Chi Great Westn pf.. 16 Chi Mil St P&Pac. .. 285 Chi Mil St P&Pac of. 75 Chicago & N W (5).. 134 Ch1& NWopf(T.... 21% Chi Pneu Tool....... Chi Pneu T pf (3% ). 101 ChiR1&Pac (7).... 947 Chi R1& Pac pf (6). 2714 Chickasha C Ol (3). 26 Chrysler Corp (3)... 7% City Stores (1)...... Clark Equipment (2) 35% Cluett Peabody (5).. ¢ 101 Coca-Cola (4) 44% Coca Cola A (3) 10~ Collins & Atkman. 27% Colo Fuel & lron.... 8614 Colo & South (3) 52 Col Gas & El (2). 15 Col Gas & E1pf A €). Col G&E rets full pd. Col Gas&E rets ptpd. 16' Columb Graph(87c). 105 Columblan Carb(16). 18 Com Credit 12).. 28 Coml Inv Tr (£1.60). 20 Comm Solvents (1).. 3 10 Comm&So(b5%stk). 11 Congoleum-Nairn. 43 Cong Cigara (16%).. 40 Consol Cigar (1).. 10 Consol Film (2)..... 15% Consol Film pf (2).. £04 Consol Gas. NY (4). 9215 Consol Gas of (5)... 45 Consol RR Cub of(6) 1 Consol Textlle...... ' Container Corp B... 234 Contl Baking A 4% Contl Baking B. 7914 Contl Baking of (8). 401; Contl Can (2%)... 20% Contl Dia Fiber (214 46% Contl Insurance (2). 612 Contl Motors (80¢). . 15 Contl Ol of Del Continental Shares. . 70 Corn Prod Refin (14) 20 Coty Ino (£2).. 24 Cream of Wht (12%) 17 Crossley Radio (31). 25% 17 Crown Zellerbach (1) 121% 71 Cructble Steel (5) 2415 5 Cuba Co 17 |0 f4Y ot 127 40 12 199 104 "1062 4T 126% 82% 31 125 :, has_joined the staff of the tiona! City Co. of New York, in their | hington ~ office n the Woodward ding. 17 674 Cuban-Amer o 67% 36 Cudaby Packing (4). 132 100 Curtis Publish (17). 80% 7% Curtiss Wright Corp 185 ugar erev. 2:55. Cl Tose. ~Prev 1929~ 1081 2914 £49% 90% 72 B47% a7 THE EVENT) NG STAR.. WASHINGTON, D. €., THURSDAY, DECEMBER 12, 1929, 10714 150 1R 10 50 2'4 Gen Asphalt (4) Sales— Add 00 High 37 1T 84 Stock and Dividend Rate. Curt Wright Corp A. Cutler-Ham (3%). Davison Chem. . . Debenhams (a2.31) Delaware & Hud (9). Denv& RG W pf Detrolt Edison (8). Devne & Ray A (13). Dome Mines (1) Drug Cornn (4) .. Duluth S S & Atl pf.. Dunhill Inter (24). . Dupont de N (15.20)., Dupont d N deb (6).. Fastman Kodak(18). Eaton Axle & S (3).. Eitingon-Sch (2%) Elec Auto Lite (6).. Fl Pwr & Lt (1)... El Pwr & Lt of (7). Endicott-John (5). Eng Pub Serv (11).. Eng Pub Sve of (5).. Equitable BIAg(23%). Erfe R R. E IR rnBueRen-BE Eureka Vac Cl (4). Fairbanks Co. .. FFalrbanks Morse (3) Fash Pk Asso(k2%). Fed Watr Ser A 2.40. F1d Phen F Ins (2). ilenes (ctfs). Firestone T& R. .. restone T&R pf(6) irst Nat Strs (214). Fisk Rubbe % Florsheim Shoe pf 6. Follanshee Bros (3). Foster Wheeler (2) Foundation Co. Fox Film A (4 4 Freeport-Texas (4). Gamewell Co (5). Gardner Motor...... Gen Am Tnk Car(24) S 20 i Gen BEronze (2). Gen Cable. Gen Cable A (4). Gen Cable pt (7) Gen Cigar (4). Gen Electric (16)... Gen Flec snec (60c). 4 Gen Electric (new Gen'l Food Corpn (3) Gien Gas&El A (te2) Gen Gas&EI B (te2) Gen Mills (13%) . .. Gen Motors (+3.6 Gen Motors pf (7) Gen Outd Adv A (4). 4 Gen Outd Ad vte (2). Gen Public Serv(b§) Gen Ry Signal (5) Gen Refrac (14%).. Gillette Saf Raz(c5). & Gimbel Brothers. ... Glidden Ce (h2). Gobel (Adolf). : Gold Dust (2%). ¢ Hartman A (2) 4 Karstadt (Rud.) Ine. 4 G : Long Bell Lumb A Goodrich BF (4). Goodyear Tire (5) Goodyear 1st pf (7 Gotham Silk H (2%) Gould Coupler...... Graham-Paige Graham-Palige et Granby Copper (8). . Grand Silver Stores. Grand Storas (c1) Grand Unfon. . Grand Union pf (3).. Granite City Stl (4).. Grant (W T) (e1)... Grt North pf (5) ... Grt North pf ct (3).. Grt Nor Ore (a1%).. Grt West Sug (2.80). Grigsby Grunow (2) Gulf Mo & North. ... Gulf Mo & N pf (6).. Gulf Sta Steel (4)... Haho Dept Store: Hall Printing (t1% ) = wramanEamReRnRi s Hartman B (1.2 Haves Bodv b8 %, stk Helme (G W) (49).. Hercules Mot (1.80). Hershey Chocolate. . Hershey Choc pf (4). Hoe (R) & Co. . Holland Furn i Homestake Min (17). Houdaille Her B(2).. Household Prd (14). Houston Ofl...... Howe Sound (1434). Hud&Man Ry (3.50). Hudson Motor (5)... Hupp Motor (f2).... Independ O11 & G (2) Indlan Motor Cycl Indian Refining. .. Indian Refining ct. .. Industrial Rayon. ... Ingersoll-Rand 7% . Inland Steel (3%)... Inspiration (4)...... Interboro Rap Tran. Intercontinental Rub Intl Agricultu . Intl Agri prof (7). Intl Bus Mch (6) Intl Cement (4). Int Con.bustion Inti Cmb Eng pf (7). intl Harvester (2% ) Intl Harv pf (7)..... Int Hydro El A (e2 Intl Match pf (3.20). Int Mer Marine otfs.. Int Nickel of Can(1). Intl Pap & P A(2.40). Intl Pap & Pwr C.... Intl Pap & Pwr pt(7) Intl Printing Ink (3) Intl Rys Cent Am. Initl Rys Cnt A ct. Intl Shoe Co (3).. Int) Silver (18).. Int Tel & Teleg (2).. Inter Dept St (2).... Investors Equity(2). Jewel Tea (4) .o Johns-Manville (3).. Jordan Motor Car. Kan City Sou (5) Kan City Sou pt ( - o R 'S 5 8 P aafcnan whD RxtanopaanSnEn=DaRan Kayser Julius (4 Kelly-Spring Tire Kelsey Hayes (2). Kelvinator Corp. . Kennecott (). Kolster Radlo. Kraft PhCh (1%)... Kresge(SS)Co(1.60) Kreuger& Toll(1.34) Kroger Gr&Bak(cl). Lambert Co (8). Lee Nubber & Tire. Lehigh Valley Coal. . Lehigh Valley (3%). Lehn & ¥1nk (3). Libbey Owens (1)... Liggett & My (16)... Liggett & My B (16). Lima Locomot Link Belt (2.60)..... I.iq Carbonte (141). Loew's, Inc (13%).. Loew’s Inc pf (6%). LOLLINC. . ccoossoves Loose- Wiles (2.60) Lorillard (P) Co. Loutsiana O11 . LouG & E1 A (1%).. Ludlum Steel (2).... Mac A & Forb(12 85) MeCall Corp (214)..o Mclntype Pore M(1) Mckeespt T P 4% .. McKesson & Rob (3) McKes & Rb pf(3%). Mack Trucks (8) Macy (RH)&Co et Madison Sa G (1%). Magma Copper (§) Mallinson & Co Manati Surar bl Mandel Brother Man Elec Supply Man Elev mod (d Man Shirt (2). .. Maracaiho Otl Exp Market St Ry of. Market §t Ry 24 pf., Market St Ry pr pf. Marlin-Rockwell(16) Marmon Motor (4) tin-Parry Mathieson Alk 5 May Dept Stora(e2). Maytag Co (12)..... Maytag Co ot (3).... Maytag Co 1st pf(6). Melville Shoe (1.40). Mengel Company (2) Metro Gold pf (1.89) 3 Mexican Seaboard. . . Miami Copper (4)... Mid-Continent P (2). 2I Middle States Qtict. 3 Low. 161 161y 84 erev. 2:55. Close. 17% 89 Stock and Shles— Dividend Rate _ Add 00 Midland Stl pf(t12). 2 Miller Rubber v Minn Moline P 1 Mo Kan & Texas. ... Mo Kan & Tex pf(T). Missourt Pacific. .... Missourt Pac of (5). Mohawk C Mills (3). Monsanto Ch (g1 ). 4 Montgomry Ward(3) 580 Moon Motor (new) Mother Lode (40¢). ., Motor Meter G & B Motor Products +10.. Motor Wheel (3). Mullins Mfg. . Munsingwear (t314) Murraay Corp (k3).. 23 AMyer(FE)& Bro (3). Nash Motors (§).... Nat Acme (1%) Nat] Air Trans. ... Natl Bella Hess(11). Nat Biscult (17%). Natl Biscult pf (7) NatlCash R (A) ( Nat Dafry (32 Natl Distillers. NatlEnameling (2).. Natl Lead (5).. Natl Pwr & Lt (1). Natl Radiator Natl Surety (5). Nat Tea Co (2). Nevada Copper (3). Newton Steel (3). N Y Alr Brake (3)... N ¥ Central (8)..... N ¥ Chi & St L pf(6) NYChi&StL(6).. Ny NY N —Prev 1929~ High. Low. #21 135 28 34 3 10 66 274 10715 101% 149 80 80’y NH & Hart (6).. NH&Hpt (1) Y Ont & West... N Y Ratlways pf. Norfolk Southern. . Norfolk&Wstn(t12). North Am(b10%stk) North Am pt (3). North Am Ed pf ( Northern Pac (5). North Pac et (5).... Nor Ger Llovd(3.41). Norwalk Tire & Rb. Ofl Well Supply. . Oliver Farm Equip. . Olivr Fr Eq pf A(6). Olivr Fr Ep cv pt(3). Omuibus Corp. .. Oppenheim Col (5). O rvator (18). . Otis Steel (2%). Owens 111 Bottle Pacific Gas & E (2).. 4 Pacific Lighting (3).. Pacific Ol stubs..... 7 Packard Mot (11.10). 160 Pan-Am Petroleum.. 5 Pan-Am Pete B...... 5 Panhandie P & R. g Paramount-F-L (3).. 141 Park & Tilford (33). 1 Park Utah.......... 19 Parmelee Trans 133. 7 Pathe Exchange. ... Pathe Exchange A. Patino Mines (3.89) Peerless Motor Car. . Penick & Ford (25¢) i’enn Dixie Cement. . Penn Dixle Cemt pf. Pennsylvania RR(4) Penney (J C). Pet Milk (1%) Phelps Dodge (3)..., Phila Co 6% pf (3). Phila & Read C&I.. Philip Morris (1).... Phillips Petrlm (c2). Pierce Ofl. Pierce Petr Pillsbury F1 (123%) Pirelli Co A (2.88)... Pittsburgh Coal Pitts & W Va (6). Poor & Co (B) (2) P Rican Am To (A)7 P Rican Am To (B).. Postal Tel & Cpf (7). Prairie O&G (12%). Prairie Pipe L (15). Pressed Steel Car. Pressed Stl C pf (7). Proc & Gamble (2).. Prod & Refiners. . Pub Serv of N ( Pub Sve NJ pf (6) Pub Sve NJ pf (7)... Pub Sve NJ of (8 AmmanSe = » oo % B e 2 Punta Alegre Sugar. Pure O1l (1%) . Purity Bakerle; Radlo Corp. .... Radio pf A (3%). Radio pt B (5)...... Radlo-Kelth-Orph A. 15 Ratlway & Exp (2).. Raybestos-Man(2%) Reading (4).... Reading 1st pf (2) Real Silk (5). . Rem Rand (50¢) Remtng-Rnd 1st (7) Reo Motor (11.40) Repub It & Steel(4) Rep Ir & Stl of (7). Revere Cop & Brass. Reynolds Spring. ... Reynolds Tob B (3). Richfield O11 (2)..... Rio Grande Ofl (k2). Rosala Ins (2 20). Royal Dutch (a3.20). Safeway Stores (5).. St Joseph Lead (13). St L-San Fran (8) St L-San Fran pf ( Savage Arms (2). Schulte Reta] Str: Seaboara Alr Line Sears Roebck (1214). Sec Natl Inv pf (5).. Seneca Coppe Servel Ine z Sharon Steel H (2). . Sharp & Dopf (3%). 1 Shattuck (F 3) (1).. 280 Shell Unfon (1.40)... 12 Shubert Theatre: 3 Simmons Co (g3)... 212 Stmms Pet (1.60).... 28 inclair Con Oil (2). nclatr Oll pf (8) kelly Of1 (2). Snider Packing. ... . Solvay Am In pf 5% So Porto R Sug 12%. Southern Cal Ed (2). Southern Dairies B. . Southern Pacific ( Southern Rwy (8) Southern Ry pf(5).. Spalding (AG) (2).. Spang-Chalfant. ET N1 175 J=JUPRPNp. o] -5 » »” S w3anidaBren High. Low. 180 461y 104! 23% Prev. 2:55. Close, 180 186 3% 4 14% 45 103% 851y 13615 46 5314 62 4% ~Prev 1929~ High. Lew. 180 73 3% 14 43% 1034 8314 136% a4 835 56% 4y 131 Sparks 20 21 ag 39% 20 an 4 Spiegel: Sta o1l 5% Sweets Thatch Timkn 230 Tobacc 89U 534 1013 91 BU% a4 1 1% 15 2 Utd Ca United United Utd Ga United =] qqadgaqa wunuanann Rul Univ Ly Westn Westn W Wi W Wilson Yale & Yellow Zenith Am Rol 4% 1n stock. & Paid last year—no in_stock. d Pavable {Plus 10% 1n stock in stock. k Plus 1 Stock ana Dividend Rate. Spencer Kelg(1.60) Spicer Mfg. ... Spicer Mfg pf (3 Stand Brands (1%).. Stand Com Tob (1).. Stand Gas & El (3%) Stand G & E pf (4)... Stand Inv Corp (b8) . 2 3 Stand OiI N J (12)... Stand OIN Y (1 Stand Pl = Starrett (LS) (1215) Sterling Sec A)..... Sterling Sec pf(1.30) Sterling Sec cv pf(3) Stewart Warn(j3%). Stone & Webster (2) Symington. Symington A. Telautograph ¢ Tenn Cop & Ch (1). Texas Corp (3). U S Rubber 1st pt. U S Smelt Ref (3%). 1 U S Steel (18 Unlv Pipe & Rad. . Util Pwr & Lt A (e2) Wabash pf B... Waldorf Systm (1%) ‘Walworth Co (2). Ward Baking B. Warner Bros Pic (4) Warn Br P p£(2.20) Warner-Quinlan (2 ‘Warren Bros (19). ‘Warren Fy&Pipe(2). Webster-Eisenlohr. Wess Ol & Snow(2). Western Maryland. Western Md 2d pf Western Pacific Western Pacif pf.... Western Union (8).. Westngh Alr Brk(2) tinghse E&M (5) Weston El Inst (1).. tvaco Chlor (2). tark Radio (e2). White Eagle Oil (2).. White Motors (2)... WhiteRock M S (t4) White Sewing Mach. Wilcox Oll & Gas. Wilcox Rich(A)2% .. Wilcox Rich B (c2).. Willys-Over (c1.20).. Wilson & Co. Wilson & Co A Woolworth (2.40) Worthington Pump. Worth Pump A (7). Wright Aero (2). Young Spring (3) Young Sheet & T (5) FINANC TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE | Prev. 2:55. Close. 18% 24'% 24 404 41 27% 819 114% 65 13% 62% 64 341 2% 36 127% 12% 39 40 Sales— Add 00 High. Low. 97 20 18% 1 240 24% 24 24 404 40% 43 29% 8% 135 Withngtn(1). -May-St (3).. of Cal (h214) e Gla: Submarine Boat. Sun Oil (p1) Superfor Oil Superior Steel of Amer (1).. Texas & Pac (5). ‘Texas P C & O1l ( Pac Land Tr.. er Mfg (1.60). Thatcher pf (3.60). The Fair (2.40) Third Avenue . Thompson J R (3.60) ‘Tide Water Asso. Tide Wat Asso pf Tide Water Ofl pf(5 Det. Axle 130 Timken Roller (3)... 0 Products. .. Tobacco Prod ctfs. .. Tobacco Products A. Top Prod ctfs A..... ‘Transcontinental Trico Prod (2%).... Truscon Stl (£1.20). Und Elliod Fishr (5) Union Bag & Paper. Union Carbide % Un Oil of Cal (32). Union Pacific (10)... Union Pacific pf (4).. Utd Afrcraft&Tran: Utd Afrcraft&T of Utd Biscult (1.60). rbon (2 Utd Cigar Store Utd Cgar Stores ctfs Cigar Strs pf. Utd Corporation. Uta Corp of (3) Elec Coal. Utd Fruit (e4). s & Imp (1) Utd Paperboard. .. Utd Piece Dye Wks. . Stores A Utd Stores pf. U S Distributy U S & Forelgn Sec U S & For Sec pf(6). S Freight (3) Hoftman (2).. Ind Alco (6). Leathe; Leather A (4). Leath Plpe & Fdry (2). Pipe 1st pf (1.20) Realty (5). prpf(7 bber. 55 55 1131 5 3 10 86 12 16 of eaf Tob (3)..: 6 28 87 76 28 5% 41 40 22% 24y 14015 144% Dairy A (4, Dairy (B).... 15 274 28% 257 47% 207t AT% 149% 325 4l 288 281 35% 4 9 130% 30 41 29 28 34 40 % 14t 274 19% N o 154 27 19% 9le an 9% 50 78 &0 86 b4 75 15% 3933 114 & Co pt Towne (t5).. Truck & C. Radlo (2). RIGHTS EXPIRE Allis-Cha), n.Dec. 31 1ig M..Feb 15 Bucyrus Erie Dec 30 Col. Carbon. . Mar. 11 Det Edison. N Y Central .Dec. 23 Utd Gas Im..Dec 31 Sales of Stocks on New York Exchange. 1,462,400 2,848,000 Dividend rates as given in the above table are the annual cash payments based on the latest quarterly or hal 1 larati *Unit of trading_less than 100 share: §Plus 83 in preferred stock, 1Plus 3/25 If stock. rly decl igns. tPartly extra. IPlus regular rate. b P: © Plus 5% when earned. & Plus 6% in stock. h Partly stock. | Plus 2% a share In stock. © Plus 3% in stock. m Plus 1/25 of » share in’stock. "Washington Ticker BY CLINTON COFFIN, Associated Press Financlal Writer. Christmas demand for gold coin that banks over the country are now pre- paring to meet is bringing about the usual seasonal call for $50,000,000 or $60,000,000 in gold pieces. The mint, as usual, has completed the special manufacture of $1,250,000 in $2.50 coins, which are being distributed for the holiday service that represents about their sole monetary utility, but the rest of the coin demand for the $5, $10 and $20 gold coins is being met the Reserve Bank system and its branches over the country. “This Christmas gift use is, with one exception, the only factor that seems in modern times to call gold coin into circulation.” remarked Robert J. Grant, director of the mint, in discussing some of the arrangements. “The other use in which a trickle of gold pieces is kept circulating all the time, is for the pay- ment of directors’ fees at company meetings. In New York and other large centers a little gold is in demand all the year around for this purpose, and the practice of awarding directors the coins seems to be rowing. ¥ “Buv.slhr pieces that are called out for Christmas come back rather quickly, except in the $2.50 denomination. We've had to mint a special supply of this coin for several years, because it seems to have a curio value all over the world. Each year, though the $5 and larger pleces come right back into bahk tills in the weeks atter Christmas, the $2.50 pleces disappear in large numbers and require replacement. “Indeed, the $2.50 Amecrican gold well established and | piece that was in use before 1913, with the old liberty head, attained so much popularity in Asia that it has a regular premium value attached to it, and sells for about $4. The new model of the same coin tends to drop complctely out of monetary channels also, though there isn’t any premium on it. “This year banks are meeting all the gold demand from stocks on hand. In spite of the fact that metal coinage, except for subsidiary and minor pieces, has been thoroughly displaced by paper all over the country, nearly all banking institutions keep a small portion of their reserve in gold pieces and hold it in their own vaults aside from the great bulk of monetary gold in the Treasury and Federal Reserve vaults. This local store meets most of the Christmas de- mand for coins to give away and Is replenished when the money comes back | after the holidays. So general is the suse of large coins becoming that I | rather look ¥or the eventual disappear- |ance of the silver half dollar. We are | finding 2 diminishing demand for it now.” It is one of the odd things about the stock market panic of last October and November that the mint and the | Treasury received practically no calls for gold coin, though in 1907, in 1923 |and, to a small extent in 1921, some frightened people came in to exchange paper money for gold, having come to doubt the permanent value of anything else. This year there was but a single | request of the kind during the ex- | tremity of prices made by a man who | wanted $280,000 from Government gold | stocks, but who concluded to take gold | | certificates after discovering that the | metal money would weigh nearly half a ton. John Lord O'Brien, Assistant Attor ney General in charge of anti-tr prosecution, has the initial duty as a Government official to pass upon the business proposal which—if granted— will signalize most the round-about-face that has come in the attitude of courts | ard administration toward co-operation and merger in the business world. The | question _before him is presented by the petition of four great meat-packing | Cudahy, to be again allowed to deal in groceries as well as meat, and, if stores. There are some indications that |a preliminary decision is being shaped up in the matter, though because of the importance of ‘the issue it is prob- able that Attorney General Mitchell will announce it. These four packing companies, afte) a decade of agitation, entered in 1920 | into a consent decree drawn by tnc Department of Justice and approved by the District of Columbia court, which limited their right to do business in ti:e two flelds. Both in Congress and the | courts, and by the Federal Trade Com- mission, it was charged that the larger packing units had built up harmful and unlawful monopolies partly because of their linking up grocery trading with the meat business. In the Swift trans- formation of business affairs since then | there has been, on the one hand, a [trend by which the local and regional | packing concern has grown to be a| | more formidable competitor with the | big concerns that maintain national distribution, while at the same time the rise of chain stores, and probably a | modification of public attitude toward | magnitude in business organization, has altered the situation. The corporation cutives and legal advisers believe | they have a good chance to get the bar- riers placed in 1920 against their | further development rescinded. SILVER QUOTATIONS. NEW YORK, December 12 (#). —Bar "silver, 49'g; Mexican dollars, 36%. iBear companies, Swift, Armour, Morris and | they find it expedient, to operate retail | IAL. STOCKPRCESSINK LONER N SELLIN Operators Hammer Market, but Fail to Cause Break. BY STANLEY W. PRENOSIL, Associated Press Financial Editor. NEW YORK, December 12.—The | stock market continued to drift lower today, despite sporadic attempts of pools to rally the general list. Trading, however, was not very heavy in volume, indicating that “bear” operators, who have been hammering the market at intervals for the past few days, ap- parently were having difficulty in dis- lodging any great volume of stock. There were several disappointing de- velopments in the day's news. Publi- cation ¢ copper statistics, showing a large increase in the amount of stocks on hand, confirmed widely circulated reports that buyers were still holding to the “hand-to-mouth” policy, and that a substantial percentage of recent production was piling up. Heavy with- drawals of gold for shipment to Eng- land offset the announcement of a re- duction in the Bank of England dis- count rate which, however, is expected to have a retarding influence on further exports of the yellow metal. Omission of the United-Schulte preferred divi- dend furnished further proof that pros- pvrln.y this year was by no means gen- eral. Public Utilitles, which enjoyed a temporary outburst of strength earlier in the week, were sold rather freely, al- though recent news from the electrical industry has been favorable, and pros- pects generally promising. Stone & Webster dropped 9 points, North American Co., 7!4, Standard Gas & Electric 6% and American Water Works and several others 2 to 4 points. Baltimore Markets Special Dispatch to The Star. .BALTIMORE, Md., December 12.— Potatoes, white, barrel, 1.50a4.00;; 100 pounds, 1.75a2.00; sweet potatoes, bar- rel, 1.50a2.75; yams, barrel, 1.50a2.25; beets, 100, 4.00a5.00; Brussels sprouts, quart, 10a25; beans, hamper, 1.50a2.50; cabbage, hamper, 30a50; carrots, 100, 4.0025.00; caulifiower, crate, 2.00a3.50; celery, crate, 2.50a4.00; eggplants, crate, 1.25a3.00; lettuce, basket, 2.00a2.50; kale, bushel, 25a35; onions, 100 pounds, 1.50a1.75; peppers, crate, 4.00a8.00; par: snips, basket, 50a65; pumpkins, 100, 5.00215.00; spinach, bushel, 25a1.00; squash, crate, 1.50a3.00; tomatoes, crate, 4.0025.00; turnips, hamper, 25a35; ap- ples, bushel, 75a2.25; cranberries, box, 3.00a4.50; grapefruit, box, 3.25a5.00; oranges, box, 2.10a4.00. Live Stock Market. Cattle—Receipts, 200 head; lght supply, market steady® Steers—Good to choice, 12.00a12.25; medium to good, 11.00a12.00; fair to medium, 10.00a11.00; plain to fair, 9.00 a10.00; common to plain, 8.00a9.00. Bulls—Good to choice, 8.50a9.00; me- dium to good, 7.50a8.00; fair to me- dium, 7.00a7.50; plain to fair, 6.00a7.00; common to plain, 5.00a6.00. Cows—Good to choice, 8.50a9.00; me- dium to good, 7.50a8.25; fair to med- ium, 6.75a8.25; plain to fair, 5.50a6.50; common to plain, 4.00a5.00. Heifers—Good to choice, 10.50a11.00; medium to good, 9.00a10.00; fair to me- dium, 8.0029.00; plain to fair, 7.00a 8.00; common to plain, 6.00a7.00. Fresh cows and Springers, 60al.50. Sheep and lambs—Receipts, 200 head: light supply, market steady; sheep, 2.00 26.00; lambs, 6.50a13.75. Hogs—Receipts, 1,500 head; fair sup- ply; market lower; lights, 9.75a10.00; h"vl'l::’ Diggonlg.gg: muedgum. 9.90a10.20; roughs, 7.00a9.20: light , 9.40a 9.60; pigs, 9.6029.85. e Calves—Receipts, 50 head; light sup- ply; market steady; calves, 7.00a16.50. | Dairy Products. | Poultry, alive—Turkeys, pound, 25a28: | old toms, 20a23; Spring chickens, 24a28: Leghorns, 22; old hens, 23a27 8- horns, 18a20; poor and thin, 17a18; old roosters, 18a20; ducks, 16a23; geese, 16a 22; guinea fowls, each, 40a60; pigeons, pair, 25, Eggs—Recelpts, 709 cases: native and nearby, firsts, 50a52: pullets, 40a45; hennery whites, firsts, dozen, 53a54: current receipts, 43a45; culls and dirty eggs, 25a30. Butter—Good and fancy creamery, pound, 4la46; ladles, 35a3 store packed, 21; rolls, 31a32; process, 38a39. Hay and Grain Prices. ‘Wheat—No. 2 red Winter spot, 1.2215; No. 2 red Winter, garlicky, spot, 1.203;: December, 1.20% ; January, 1.223; No. 3, garlicky, no quotations. Hay—Receipts, none. Season for old hay is about over. A little new crop is arriving, but hardly enough upon which to establish quotations by grades. Where in good order new hay sells at from 14.00 to 17.00 per ton, according to its quality and condition, receipts by trucks taking care of most require- ments. Straw—Little demand for straw. Re- ceipts generally ample. Wheat straw, No. 1, per ton, 9.00210.00; oat straw, No. 1, per ton, 9.00a10.00. ssgl's—NNo. 32 v;lhlte domestic, spot, 31 0. white domestic, spot, 552/;’2!56. i 5 orn—No. 2 domestic,, yellow, new 1.05a1.06; cob corn, new 4."60!4.75. Rye—Nearby, 90a1.00. STERLING EXCHANGE DROPS. NEW YORK, December 12.—Reduc- tion in the Bank of England discount rate from 51> to 5 per cent today was immediately reflected in a drop in ster- ling exchange on the New York market below the “gold export point.” Sterling cables were quoted today at $4.88 1-16, whereas $4.88!5 is generally believed to be the lowest point at which gold shipments to New York would be profit- lb'le. 15The drge% 13’ the British discount rate is expect postpone gold ship- ments to London unless there shoutd be a lowering of the New York Federal Reserve rate. SHORT-TERM SECURITIES. Bid, Ofer 1 Allis-Chalmers Co. 5s 1937. Aluminum Co. of ‘Amer. 55 Amer. Rolling Mills 55 1948 Armour & Co. of Del. 5 Baltimore & Ohio 4! Batagian Pet. Corp. 4 Bell Tel. of Canada 5s | Calitornta Pet. Corp. 5! anadian Nat. Rwy. 4 Canaaian Nor, Rwy. 4 Chesi. & Ohio Rwy. 4la: Chicago Rock_Island 4s Chile Copper Co. 55 1947 Cudahy Packing Co. 5 3 Edison El. 1i. Boston 41zs 1930 Gen. Mot Accep. Corp. ‘8s 1937 General Pet. Corp. 5s i Humble Oil 5i%s 19321 01" """ Internat. Match Corp. 55 1947, Philiips Pet. Co. 5las” 1939 Pure Oil Corp. 3" St. L. Ir. ML & Bo. Ry. 3s 1931 St L. Southwestern Ry. 4s 1932 Swit('& Co. 55 1932, . A 1 1935 ‘98 Union Oil Co. of Ci United Drug Co. 55 1985....... 05 Western Electric Co. 5s 1944... 10213 — FOREIGN EXCHANGE. (Qutations furnished by W. B. Hibbs & Co.) u A 3 Tondon, pound u.fus 34 7” Barls, franc 193 Brussels. Berlin, Rome, lira. ... Zurich, ‘frant. Athens, drach Prague, crown (nom.) Warsaw, zloty. .. Copenhagen, crown