Evening Star Newspaper, December 19, 1929, Page 14

14 #%% FINANCIAL THE EVENING DIVIDENDS VOTED; HOLIDAY BONUSES Williard Again Heads B. & 0. Railroad—Brokers’ Views Differ on Outlook. BY EDWARD C. STONE, After declaring quarterly dividends of 1 per cent on preferred and 134 per cent on common A stock, the board of directors of the Baltimore & Ohio Railroad, meeting yesterday in Balti- more, re-elected Daniel Williard president of the corporation. Other executive officers re-elected for the year in- cluded George M. Shriver, senior vice president; . . Galloway, vice president in charge of operation and maintenance; Ar- chibald Fries, vice president in charge of traffic and com- mercial development; H. B. Voorhees, vice president.and executive at Chica- go: George F. May, secretary; E. M. Devereux, treasurer; J. J. Cornwell, gen- eral councel. The dividends declared are payable next March 1 to stockholders of record at the close of business on January 18. Second National Votes Extra. Directors of the Second National Bank yesterday afternoon declared the regular semi-annual dividend of 3 per cent and an tra disbursement of 1'2 per cent, both dividends being pa\nble‘ on January 1 to stockholders of record | December 24. The president, Victor B. Deyber, reported that the bank had en- joved an excellent year and the board thereupon voted the usual Christmas bonus for the employes. Metropolitan Also Declares Extra. ‘The directors of the National Met- ropolitan Bank also met yesterday aft- ernoon and declared the usual extra dividend of 2 per cent, according to an- nouncement today by the president, George W. White. The directors of this bank also caught the spirit of the holi- day season and voted the usual Christ- mas bonus for all the employes. The extra dividend is payable on January 1, the books to be closed from Decem- ber 22 to December 31, inclusive. Stock Dividend Declared. The board of directors of the Diplo- mat Coffee Co. has declared the regu- lar dividend on the preferred stock at the rate of 8 per cent per annum. In addition, a stock dividend of 15 per cent payable in common stock upon the common stock of the corporation, both payable to stockholders of record at the ciose of business on December 20. Checks and stock will be mailed as soon as possible after thh date. The ! transfer books will be closed from De- cember 20 to January 1. Company Plans $1,500,000 Outlay. President Charles C. Small of the American Ice Co. announced today that the company will expend over $1,500,000 during the Winter and Spring in new plant construction. The most impor- | tant of the projects will be three new manufacturing plants. One of these will be located in East Boston: a second in Philadelphia, and a third is already under construction in New York City, being built for the Knickerbocker Ice Co., the company’s New York subsidiary. ‘American Ice now operates a chain of over 80 plants in the larger cities) along the Atlantic-Seaboard, including ‘Washington. Stock Brokers’ Views Differ. Market letters from New York brok- erage houses show marked differences of opinion on the outlook for the rest of December and early in 1930. Some are very bearish, predicting no advance until into January or perhaps February. Others are more cheerful. The latest letter from F. B. Keech & Co., of which George A. Garrett, is resident partner, 8 Daniel Will Prophets of gloom are not likely to | get a large following, particularly as they have arrayed against them the President of the United States, the business men of the country-and the banking interests. Fortunately for the| public at large, transactions for the de- cline involve short selling, and, accord- ing to the well known history of Wall Street, the bears are never successful for any length of time, and the creation of a short interest will be found to be & stabilizing influence.” Local Securities Quiet Today. Capital Traction sold ex dividend at 75 to the extent of 20 shares on the Washington Stock Exchange today. This was the first sale since the dividend | rate was cut to 6 per cent. Potomac_Electric Power 6 per cent | preferred sold at 10914 and the 5'; per cent issue at 105 Commercial National Co. preferred came out at 10134, Se- curity Storage at 116 and Mergenthaler at 107, Trading in_bonds was confined to Washington Gas issues and to Capital Traction 5s, with no important price changes. | Laundry Officials Re-elected. All officers and directors of the Lib- erty Laundry Co. of the District of Co- lumbia were re-elected at the annual meeting of stockholders held yesterday in the Union Trust Building. They are James B. Lambie, president; William J. Flather, vice president; Edward L. Hill- yer, secretary and treasurer; Willlam L. Miller, assistant secretary and assistant treasurer. Besides the foregoing, Frank C. Henry, Frank S. Hight and L. Lee Combs are also directors. The company dnclarnd the usual quartely dividend of 2 per cent. Gleaned in Financial District. Local holders of Packard Motor car stock have been speculating about the dividend for the coming year. The di- rectors declared a dividend of 25 cents per share in Detroit yesterday, payable March 12 to stock of record February 15. ‘The $1 rate makes the present yield on the stock better than 6 per cent Asheville, N. C.. is bein consideration as the plac next | convention of the Distr nkers Associ n. General Chairman George ©. Vass is obtaining full information for presentation to the council which decides the matter, Another conven- tion has the dates at White Sulphur, s0 that Hot Springs is the only other place now on the list. W. W. Spaid of W. B. Hibbs & Co. is in New York today attending a meeting of out-of-town members of the New York Stock Exchange. John Poole, president of the Federai- American National Bank, left last night for Richmond to attend a meeting of the board of the fifth Federal Reserve given serious district, of which he Is an advisory member. J. William Roberts, now with E. H. Rollins & Sons, is happy over the ar- rival of an_eight-pound son in his home. Mr. Roberts was until recentiy manager of the K street branch of the Security Savings & Commercial Bank. Mackubin, Goodrich & Co. announce a $600,000 issue of Houston Naturay Gas Corporation first mortgage collai- eral 6 per cent gold bonds POTATO MARKET. CHICAGO, December 19 ) (U. S. Department _of Agriculture). —Potatoes —Receipts, 57 cars; on track, 185 cars total U. S. shipments, 481 cars; prar tically no trading account of weather; unchanged. Fr; 1920 "’“n‘%:;l pnme cxop nl(hefl 354% 751 36% 23215 235 140% 128 34 136% 100% 86% 145 634 4315 13% 49% 98% 265% 48% 65% 467 61 424 T9% 48% 5% 18% 2414 17 67% 36 us 24 mmflnum. “ 105 STAR, WASHINGTON D. €, THURSDAY, DECEMBER 19, 19%4. FINANCIAL TRANSACIIONS ON THE NEW YORK STOCK EXCHANGE Stock and Dividend Rate. Abitib) Power & Pap Abraham Strauss. . .. Adams Express1.60) Adams Exp pf (6). Advance Rumley.... Advance Rumley pf.. % Ahumada Lead.. 77 Afr Reductn (t4%).. 1% Ajax Rubber. 44 Alaska Juneau. Alleg Corp pf (5% ) 197 Allfed Ch & Dye (c6) 35% Allis-Chalmers (3).. 21 Alpha Port Cemt(3). 17% Amerada Corp (2). Am 2gricul Chem Am Agricul Ch pf. Am Bank Note(f13). 40'%% Am Brake Shoe 2.40. 4% Am Brown Bov Elec. 86 Amer Can (15) 75 Am Car & Fdy (8). lln'i Am Car & F pf (7). 70% Am Chain pf (7). 27 AmChicle (12%).... Am Com Alco(c1.60) 18% Am Encaust Til (2) Am European Sec. Am & For Power. 8§64 Am&For Po 2d pf(7) Am Hawatian S S (2) 23% Am Hide & Lea pf.., 29 American Ice (3) 291 Am Internat (12 111% Am Loco pf (7). 31% Am Metal (3). 644 Am Pow & Lt (11). v 70 AmP&LDIA (3).0s 60 Am Roll Mill (e2) 44 Am Safety Razor(5). 2115 Am Seating (2). % Am Ship & Com. 62 Am Sm & Ref (4) 5% Am Steel Fdy (3 40 Am Stores (12%) 56 Am Sugar Rfg (6). 99 Am Sugar Rfg p£(7). 160 Am Tobacco (110). .y 160 Am Tobacco B (110). 50 Am Water Wks (c1). Am Water W 1st(6. Am Writ Papr pf (3) Am Zino LA&Sm. ..« Anaconda Copr ¢7) Anchor Cap (2.40). Andes Copper (3) 18% Archer-Dan-M (2).. 75 Armour Del pf (T)..s Armour Ill pf (7) 7% Arnold Constable. . 34 Asso Appl Ind (4)... 25 AssoDry G (2%) 195% Atch T & S Fe (10). 99 Atch T&SF pf (5) 161 Atl Coast Line (110). 32'% AtlIG & W Ind! 30 Atl Refining (12). 51 Atlas Powder (15)..1 Atlas Tack 120 Auburn Au 49% Austrian Cred (44 ). Autosales pf fl). Auto-Strop Raz (3) 5% Aviation Corp. Del. .. 15 Baldwin Loco (1.75). 105 Baltimore & Ohlo (1) '672 Balto & Ohlo pf (4).. Beechnut Pkg (c3 5% Belding-Heminwav 25 Bendix Aviation (2). 25 Best & Company. 70% Bethlehem Steel (§). 116% Bethlehem St pf (7).. 28 Bloomingdale ctfs. 37 Bohn Alumn&B (16). 53 Borden Co (k3).euss. 26 Borg Warner (4). 85 Boston & Maing 8t Briggs Mfg. 20 Briggs&Stration(2). 3% British Em Stl 2d pf, 14 Brockway M T (3). 40 Bklyn-Manhat (4) Brooklyn & Queen: Bklyn&Queens pf(4) Bklyn Union Gas (5) Brown Shoe Co (3).. 16% Bruns-Balk-Col(3) 4l Bruns Ter & Ry S 14 Bucyrus £rie (1). 264 Bucyruscv pf (234 21% Bulova Watch (3). 9 Budd (EG; (1%) 9% Budd Wheel (1), 25 Bullard Co (12) 29 Burroughs AM(11.80 31% Bush Term (g2). . 2 Butte Cop & Z (50c). 5 Butte & Superior (3) 19% Butterick Co 50 Byers (A M) 20 By-Prod Coke (1) 63% Calif Packing (4) 1 Callahan Zinc & L. 73% Calumet & Ariz (10). 25 Calumet & Hec (4%) 20 Campbell Wyant (2), 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). 8 Cavanagh-Dobb: 31 Celotex (3). 21 Cent Aguirre As 1% 1114 Certain-teed Prod. 47% Certain-teed p!. 18 Checker Cab ( peake Corp l’) s Chi& Alton pf. 3495 Chi & East 111 7 ChiGreat W 17% ChiGreat W 16 283 Chi M1l St P&Pac pf. 75 Chicago & N W (6).. 27% Chickasha CO1l (3)., 21% Chi PneuTool......3 101 ChiRI&Pac(7).... 94% Chi R1& Pacpf (6). 100 Chi R1& Pac pf (7). 44% Childs Co (2.40). 26 Chrysler Corp (3). 7% City Stores (1). 25 Clark Equipmen 35% Cluett Pe-noay *) 101 Coca-C 44% Coca Cola A (l) 10 Collins & Atkman 27% Colo Fuel & Iron. Sales— Add 00 Hish. 56 2 8 10 Low. Prev. 2:55, Close. 1161 nnh 78 1 = EerSuien & Bawd 21 217 1 200t 200 11 201% 200 4; 88 8315 . 1034 lu':v nm 200 200 84 10_'. 103 4 8 1 24 269 3 3 9 16 Columb Graph(87c). 36 Columblan Carb(15). 18 Com Credit i2).....: 28 Comm Credit A (3).. 28t Coml Inv Tr (g1.60). 30 21 6 11 20% Comm Solvents (1).. 101 Comm&So (b5 %stk) . 1»7 Congoleum-Nairn. CengressC Consol Cigar (1) Consol Film (2).... 156% Consol Film pf (3).., 80% Consol Gas. NY (4).. 9214 Consol Y pf(5) 45 Consol RR Cub pf(6) 1 Consol Textil 12 Container Cor A 1. 3% Container Corp B. 25% Contl Baking A 4% Contl Baking B... 19% Contl Baking of ). Cont! Oil of Del. 29% Contl Shares (1) 70 Corn Prod Refin (14) 20'% Coty lne (g2) 24" Cream of Whe(121;) Crucible Steel (k5).. % Cuba Cane Suear. Cuba Cane ctfs. . 2 Cuba C: Cuba Cane pf effs. 5 Cuba Co 67h Cub-n-‘mor lunr. 8 4 4T% 4TH 3116136 814 191 33 81 ~Prev. 1929~ Stock anda Dividend Rate. Curtiss Wright Corp. Curt Wright Corp A. Cutler-Ham (33%)... Cuyamel Fruit...... Davison Chem. . Debenhams (a2.31).. Delaware & Hud (9). Denv& R G W of Detrolt Eduvn [ Devor Dome Mines (1) Dominfon Stra(1.30)’ Drug Cornn (4) Duluth S S & Atl. Duluth S S & Atl pf.. Dunhill Inter (34)... Duplan Silk (1) Dupont de N (15.20). Dupontd N deb (6).. Eastman Kodak(18). Eaton Axle & S (3) Eitingon-Sch (234)., Fitingon pf (6%) Elec Auto Lite (8 FElectrio Boat. Fl Pwr & Lt (1)... Fl Pwr & Lt f (1) Flec Stor Bat (5)..,. FEmmerson-Brnt A. .. Eng Pub Serv (1)... Fauitable Blag(34). FrieR R . Frle R R 18t pf (4) Evans Auto L(32%). Fairbanks Co....... Fairbanks Morse (3) Fed Motor Tr (80¢).. Fed Watr Ser A 2. Fid Phen ¥ Tns (2 Filenes (ctfs). .. ieirestone T&R(1.60) % Firestone T&R pf(6) First Nat Strs (234). Fisk Rubber . Follanshees Bros (3). Foster Wheeler (2).. Foundation Co. . Fox Film A (4) Freeport-Texas (4).. Gabriel Snub A Gamewell Co (§ Gardner Motor. Gen Am Tnk Car(£4) Gien Asphalt (4). Gen Bronze (2) Gen Cable A (4). Gen Cable pf 11).... Gen Clgar (4) Gen Electric (1715 Gen Flec snec (§0c).. Gen Electric (new).. Gen'l Food Corpn (3) Gen Gas&TI A (te2). Gen Mills (13%). Gen Motors (+3.6 Gen Motors of (7)... Gan Outd Adv A (4). & Gen Outd Ad vte (2). Gen Public Serv(b§) Gen Ry Signal (5)... Gen Refrac (+4%). Gillette cafmncs) Gimbel Rrothers. Gimhel Rros nf (7)., Glidden Co (h2). Gobel (Adolf) Gold Dust (21%), Gold Dust pf (6). Goodrich BF (4) Goodrich pf (7) Goodyear Tire (5). Gotham Silk H 12%) Gould Coupler. % Graham-Paige. .. Granhv Conper (8) Grand Silver Stores. Grand Stores (c1)... Grand Unfon........ Grand Unfon nf (3).. Granite Citv St1 (4). Grant (W T) (1), Gt N ctfs 0. P (a314) Grt West Sue (2.80) Gricshy Grunow (2) Gulf Mo & North. .., Gulf Mo & Nnf (6).. Gulf Sta Steel (4). Aahn Dept Store Hahn Dent S pf(8%) Hall Printing (414 ). Hartman Corp. B 1.20 Hayes Body b8 % stk Hershey Chocolate. . flershev Choc of (4). Hoe (R) & Co. .- Hollana Furn (e Houdaille Her mz). Household Pra (t4). Houston Ofl % Tlowe Sound (15) Hud&Man Ry (3.50). Hudson Motor (5)... Hupp Motor (£2). Tndepend Of1 & G (2) Tndian Motor Cycle.. Tndian Refining Tndfan Refinine et. 4 Tndus Ray (b5 % stk Tnland Steel (3%)... Tnspiration (4)...... 4 Tnsurance shars 458, ntl Agrienitural.... Tnterhoro Ran Tran.. Int Bus Mach (c6) ..« Intl Cement (4)..... Tnt Combustion. .. Inter Comb Eng pf Int] Harvester (214) Intl Harv pf (7). Tnt Hvare E1 A (e2). Intl Match pf (4).... Int Mer Marine stfs.. Int Nickel of Can(1). Intl Pap & P A(2.40). Intl Pap & Pwr B.... Intl Pap & Pwr C.... ntl Pap & Pwr nf(7) Intl Printing Ink (3) Tntl Rvs Cent Am. TnTt] Rys Cnt A ct. Intl Shoe (3) Int Tel & Teleg (2).. Tnter Dept St (2).... Intertype (f11%). Investora Equity (). Island Creek Coal(4) Jewel Tea (4). Johna-Manville (3).. Jordan Motor Car. ... Kan City Sou (5). . 73 23 1 @ " oA e » e BraabhBrerwasned veinsni~Ravanow abnumuZTannsomn e © »% b<¥9 afnnnaneRees 1 1950 a7 30 2 44 o = B Raeto High. Kan City Sou pf (4). Karstadt (Rud.) Ine. Kayser Julius (4)... Keith-Albee-O pt (7) Kelly-Spring Tire Kelsey Hayes (2)., Kelvinator Corp. Kennecott (). Kinney G R (1). Kolster Radlo. Kraft PhCh (1%) a8 22RB g nZn nBoalnmmannan Kraft Ph Ch pf (6%) Kresge(SS)Co(1.60) Kress (SH)Co (n1). Kreuger& Toll(1.34) Kroger Gr&Bak(c1). Lambert Co (8). T.ehigh Valley (1414) Lehigh Valley Coal. . Liggett & My B (16). Lima Locomotive Liq Carbonie (t Toew's, Inc (13%) Loft Inc Long Bell Lumb A Loose-Wiles (2. Lorillara (P) Co Louisiana Oll 1A Ludlum Steel (3). Mac A & Forb(12.85) McCall Corp (2%) McCrory pf (6). McKCeespt T P t4%. McKenson & Rob 13) McLellan Mack Trucks (§) Macy (RH)&Co(c18) Madison 8a G (1%)., Magma Copper (§).. Man Elec Supply.... Man Elev mod (d Marlin-Rockwell (16) Marinon Motor (4). Mathieson AlKill (3) (m20)., May Dept Stors(e2). Maytag Co (12). Maytag Co f (3). 1.40 Mengel Company (2) Mexican Seaboard Miami Copper (4)... Michigan Steel (13) Mia-Continent P (2), Middle Stat Ofl et Miller Rubber. 13% ul- ales— Add 00 High. Low. 2:58 41 4914 Mo Kan & Tex pf(7). 6 Missour! Pacifie..... 56 Missour! Pac pf (6).. 26 Monsanto Ch (g1%). Montgomry Ward(3) Moon Motors Morrell J (3.60). Mother Lode (40c) Motor Meter G & B, Motor Wheel (3) Mullins Mfg. .. Munsingwear (1334) Murraay Corp (k3).. Myer(FE)& Bre (3). Nash Motors (§).... Nat Acme (1% ).eece atl Alr Tran Natl Bella Hesa(31). 1 Bel Hes pf (7) Nat Biseult (17%) Nat Biscuit Co new. Nat Cash Reg, A (14) Nat Dairy (32) Natl Dept Stores. Natl Distiller: 1 221 o we EE P 19 = o PSP YT TS = PN Nat Tea Co (3) Nelsner Brothers. Nevada Copper (3). Newport Co A (3)... Newton Steel (3).... N Y Alr Brake (3)... N Y Central (8)..... NYChi&StL (6) 7% NY NH & Hart (6).. NYNH&HDpt (7 N Y Ont & West. Norfolk&Wstn(+12) North Am(b10%stk)’ Northern Pao (5). North Pac et (5) 215 Nor Ger Lloyd(3.41). O11 Well SUppIy....o Oliver Farm Equip. . Olivr Fr Ep cv nt(3), Olivr Fr Eq pf A(6) Omnibus Corp. . Oppenhelm Col (5 Otis Elevator (18)..; Otls Steel (2%)..... Owens I11 Bottle(e) PacifcGas& K (3).. Pacific Lighting (3) Pactfic O1l stub: Packard Mot (1. Pan-Am Petroleum. Pan-Am Pete B. B &R. Panhandle P & R pf.; Paramount-F-L (3).. Park & Tilford (33). he Exchange A Patino Mines (3.89) Peerless Motor Car. Penick & Ford (1) Penney (J C) Pen (JC) pt Penn Dixie Cement. ., Penn Dixle Cemt pf. Pennsvivania RR(4) Peoria & Eastern. ... Pnelps Dodge (3).. Phila& Read C& I. Philip Morris (1). 4 Phillips Petrlm (c2). Plerce-Arrow A. Plerce O1l. . Plerce Oll pf. Plerce Petroleum. Pirelli Co A (2.88) Pittsburgh Coal. Pittsbgh Screw 1.4 Pitts& W Va (6).... Poor & Co (B) (2)... P Rican Am To (A)T Prairie Pipe L (5 Pressed Ste: . Public SN T (13, 40, Pub Sve NJ pf (7) Pullman Corp (4). Punta Alegre Sugar. Pure Ol (1%) Purity Baker! Radlo Corp. Radio pt B (5) Radio-Kelth-Orph A. Raybestos Man 2.60. Reading (4)........ Reading 1st pt (2) Reading 2d pf (2)... Real Silk (5). Rem Rand (SDC) Rem:ng-Rnd 1st (7). Reo Mo*or (11.40)... Repub Ir & Steel (4) Reynolds Spring Reynolds Tob B Rhine West (1.92) Richfleld Ol (2) Rio Grande O11 (k2). Rosaia Ins (220). Royal Dutch (a3.20). Safeway Stores (e5)., St Joseph Lead (13). St L-San Fran (8)... St L~San Fran pt (6) St L Southwestern. . St L Southwn pt (6). Savago Arms (2).. Schulte Retall Str Seaboard Air Line. Sears Roebck (1234). Sec Natl Inv pf (5). Senecd Coppe! Servel Ine.... Sharp & Do pf (l%). Shattuck (F 3) (1) Shell Union (1.40) Shubert Theatres. Simmons Co (g3)... Simms Pet (1.60). Sinclair Con Ol (2) Sinclair Ofl pt (8) Skelly O11 (2). Sloss ShefMeld Snider Packing. Solvay Am Inpf 6%. So Porto R Sug 12%. Southern Cal Ed (2). —Prev 1926~ High. Low. Stock ana Dividend Rate. 1567' 105 Southern Pacific (§). 16214 109 Southern Rwy (8) 63'4 30 Spalding (AG) (3). 15 Spang-Chalfant.. 13% Sparks Withngta(1). 21 Splcer Mfg. 38 Splegel-Ma: 20 Stand Brands (1%) 714 Stand Com Tob (1).. 3% Stand Gas & El (334) 58% Stand G & E pf (4). .. 10 Stand Inv Corp (b§). 511 Std Ofl of Cal (h23%4). 48 Stand OIIN J (13) 31% Stand O N Y (1.6 13 Stand Plate Gl 304 Starrett (LS) (12%) 84 Sterling Sec A). 8t4 Sterling Sec p(1.36). 31 Sterling Seccv pf(3) 30 Stewart Warn(J3%). 64 Stone & Webster (2) 38'% Studebaker (35) % Submarine Boat..... 5'% Superior Oil. 15 Superior Steel. 5% Sweets of Amer (1).. 6% Symington A. - 14% Telauto Cp (11.25).. 9% Tenn Cop &Ch (1).. 50 Texas Corp (3). 42% Tex Gulf Sul (4). 115 ‘Texas & Pac (5) PC&Oft Prov. Close. 30 Thompson J R (3.60) 10 Tide Water Asso.... 74% Tide Wat Asso pf(6) 5% Tobacco Products A. 5% Transcontinental Oil 17 Transue& W (1). 27 TwinCity Rp T (4) 82 Unll Elllod Fisnr (5) 59 Unfon Carbide(2.60). 42% Unlon Oil of Cal ($2) 200 Unlon Pacifie (10)... 80 Union Pacific pf (4) . 121% Unlon Tank Car(5).. 31 Utd Afrcraft&Tran: 33% Utd Biscuit (1.60). 27% United Cigar Strs pf. Utd Corporation. uUtd rruu (c4) & Imp 90% Utd Gas & Im pf(§).. 15% Utd Plece Dye Wkas.. 5 United Stores A 20 Utd Stores pf. U 8 Distributing. U S Leather A (4). _83%_US Leather pr pf(7) " 12 "USPipe & Fary (3). 50% U S Realty (5).ccuse 15 U S Rubbei 40% U 8 Rubber 1st pf. 29% U S Smelt Ret (3%4). 48 USSmelt Refpfi% 150 U S Steel ( 137 U S St 25% Univ Leaf Tob (3). 3 UnivPipe & Rad..... 24% Util Pwr & Lt A (e3) 3 Vadsco Saies. 37% Vi v 33 Vick Ch mlul(!lfi). 3% Virginia-Car Chem. . 15 Virginia-Car 6% of.. 82 Wabash nf A (5). Warner Bros Pie (4) 25% War Bros P pf(2.20). 15 Warner-Quinian 12). 115 Warren Bros (19). 15% Warren Fy&Pipe(2). 20 Wess Oll & Snow(2). Westinghse E&M (5) 19% Weston El Inst (1).. 30 Westvaco Chlor (2). 27% White Motors (2)... 27% WhiteRock M S (14) 1 White Sewing Mach 12% Wilcox O1l & Ga: 5% Willys-Over (e1.20). 70 Willys-Over of (7) 6% Wilson&Co A. 35% Wilson & Copf...... 52% Woolworth (3. 43 Worthington Pum; 61% Yale & Towne (15).. 7' Yellow Truck & C. 33% Young Spring (3) 91 Young Sheet& T 8% Zenith Radlio (3).... % Col. Carbon. .Mll. 11 10% Det Edison. ..Dec. 23 5% N Y Central..Jan 31 3% Penn Ry......Jan15 1214 Peo. Gas & O..Jan.15 10:30 AM.,, 318,100 1.819.400 Diridend ates as given in th payments based oi W 1 44% Utd Afrcraft&T of 3. ¥% Utd Gas Im..Dec31 807 Sales of Stocks on New York Exchange. 12:00 Noon Sales— Add 00 Hich. % 110% 8% 5 315 183 5% 3% 181 1 e P N Partiy's e In stock. © Plus 3% 36t 1100 6% % 3% 1% 5% 3% 13% 1 us o atock. m Pius 25 2114 GRAIN MARKET. CHICAGO, December 19 (4).—Wheat values underwent a sharp break today, especially toward the last. Selling was based fo a considerable extent on surmises that official figures tomorrow regarding the acreage and condition of United States Winter wheat and rye would show an increase. Storms crip- pling wire service did much to restrict business, and the market evinced little disposition to rally. Wheat closed unsteady at almost the day’s bottom level, 2% to 3!, cents a bushel lower than yesterday's_finish. Corn closed '3 to % to 1!y cents off, oats 1 to 11, cents down and pro- visions varying from 5 to 7 cents de- cline to a rise of 7 cents. High V. Clos: Ta 1085 LB 124 1 128 13 RYE. December March . May NEW YOBK BANK STOCKS. NEW YORK, December 19 (Special). —Continued offerings of bank stocks from out of town centers caused a fur- tner lower drift of prices today. Bank of America at 138 was off 1, Bankers' Trust 139 unchanged, Bank of United States 73 off 1, Central Hanover 326 unchanged, Chase National 155 off 1, Chatham Phenix 112 off 1, Nlllonnl City 227 off 2, Chemical 71 off 2, Corn Exchange 138 off 1, E‘quilnble "Trust 921, off 15, First National 5275 up 75, Guaranty 670 off 5, Manufacturers Trust 130 off 1 and Irving Trust 55 unchanged. MONEY MABKET NEW YORK, December 19 (#)—Call money was steady to firm today and the official renewal rate of 4'2 per cent, un- changed from yesterday, remained in effect throughout the day. ‘A dull market prevailed In time money and the rates continued unchanged at 4% to 5 per cent for all maturities. Bankers' accepfances were easier in ! the 60-day maturity, which dropped 'y 0 73 &%-Zhfllwmfimmah NEW YORK BANK STOCKS. NEW YORK, December 19.— America at Pl Cnelsea EX ex ris T e Columbus Commercial . Continental Ave. First Natl Gry Tidustriat Lebaron ... Lefcourt Nor n Liberty ..... World Excn Yorkville . TRUST COMPANIES. Eenca Comm Ital. 3: c Sicily. .. Bankers ....00. Bankers new.. Bk Europe T BKN Y & Tr Eonx oo Cent " Union Cent Union ne; County ex rt Interptnie Int Germanic Int Germanic Irving_new... Law Title & G. Municipal ‘units: Tru United Btates Steel Firm Expands. NEW YORK, December 19 (#)—The Wheeling Steel Co. has acquired tke Tyler Tube & Pipe Co. of Washington, Bid. Asked. 140 148 113 Markets at a Glance NEW YORK, December 19 (#).— Stocks, weak; International Combustion issues slump on receivership. Bonds, irregular; Argentine 6s make brisk re- covery. Curb, heavy; leading utilities decline in dull market. Foreign ex- | changes, irregular; Latin American cur- rencies heavy. Cotton, easy; Southern selling. Sugar, steady; Cuban support. Coffee, steady; European buying. CHICAGO., December 19 () — Wheat, weak; bearish Government re- port and weak cables. Corn, easy; | bearish Government report and in- creased stocks. Cattle, steady to higher. | Higs. higher. /600D BUTTER EXPECTED TO RETAIL AT 46 CENTS Good butter should sell during the Christmas season at from 12 to 15 cents below last year’s prices—that is, at about 45 or 46 cents a pound—according to a statement issued today by the National Dairy Union. Very fair butter should be retailing today at about 44 or 45 cents a pound. Butter prices dropped on the basic butter markets, as illustrated by the New York market price, last week from 43! cents for 92 score butter to 39 cents for the same grade. These low prices still pre- vall. Chicago prices were 2 cents or more below the New York prices. Prices yesterday were: 92 score Chicago, 37 cents pound; 92 score New York, 3912 cents pound. Much of the butter sold in the reg- ular grocery and chain stores does not come up in quality and flavor to the 92 score butter on which these prices are quoted. Some of it is what is known as “centralized” 90 score butter, made from good quality sour cream and sell- ing at 2 to 3 cents below the price of 92 score fresh butter. Still other butter sold in large quantities is 89 score but- ter, and sold at 1 cent below the 90 score, All of this is butter, which will every possible test of purity and STI]EK PRIGES SAG IN SELLING MOVE Market Continues to Recede as Bear Interests Re- new Attacks. BY STANLEY W. PRENOSIL, Associated Press Financial Editor. NEW YORK, December 19.—Stock prices continued to hit the toboggan today as selling pressure was renewed against amusement, public utility, merchandising and specialty shares. At least a dozen issues were carried to new low levels for the year, or longer, and a long line of others carried 1 to § points below last night's closing quota- tions. Only a few issues moved against the general downward trend. Acute weakness of International Com- bustion issues, coincident with the an. nouncement of the appointment of a temporary receiver for that company, and another bad break in Fox Films werz believed to be principally respon- sible for the general unsettlement In- ternational Combustion common sank 5'; points to a new low at 5% and the preferred stock broke 8 points to 2115, which contrast with the year's high of 103!, and 121, respectively. Fox dropped 8% points to 26%,, which compares with the years high of 105% Overnight news failed to provide wuch of market interest. The appe: ance of selling pressure against the merchandising issues was baséd on privately circulated rumors that holiday business was not as bright as had been pictured in some quarters. R. H. Macy dropped 5 points, Sears-Roebuck, 4, and Arnold Constable and Gimbel Bros. pre- ferred sank to new low levels for the ear. ) New Jows for the year also were regis- tered by Kolster and Zenith Radios. Fairbanks Morse and Pathe A, while Continental Shares sank to the lowest level since it was listed a week ago. Some of the selling in this group is be- lieved to have been for the purpose of establishing income tax losses. ‘The Bank of England made no change in its discount rate and its | weekly statement, as well as that of the Bank of France, revealed large in- creases in gold holdings. In view of the reactionary price tendency of thn market within the past week, Wail Street generally looks for a decrease i brokers” Joans.” PACKARD DIVIDEND. DETROIT, December 19 (#).—The board of directors of the Packard Motor Car Co. today announced a dividend for the first quarter of the fiscal year beginning January 1 of 25 cents per share on 15,000,000 common no-par value shares. The dividend is payabie March 12, 1930, to stockholders of rec- ?;d I;':;O the close of business February New Securities By the Associated Press. NEW YORK, December 19.—New se- curities offered today includs Pacific Lighting Corporation, 20,000 shares of $6 dividend preferred stock. Priced at $100 a share. Offered by tix Guaranty Co. of New York. o TREASURY CERTIFICATES. (Reported by J. & W. Seligman & Co BaseManiy ias Mar. 15, 1830.. t’.s June 16, 1330 15, 1932 3\;» BVt 15, 198300 i2s Dec. 15, 1933 Sttes 100 14-32 100 16-32 100 26-32 100 29-32 2 bo 1is32 99 2134 SARE HT\.V’ REUS AR MO REHEA LAV Start Now and Buy FIRST 6% MORTGAGE NOTES DENOMINATIONS OF 3250 Q CHECKS RECEIVED BY mrfififlmons Tlét DAY THEY BOSS MFHELPS Founded 1907 1417 K St. National 9300 National Metropolitan us Years Old 15th St. 115 Years Bank opp. U. S. Treasury | Gift of-a Dollar —SAVINGS ACCOUNT has ipaasibiliiaastt Hoo about one for your son or daughter? Playing _ the savings game will instill sHeift—laykatfires foindas tion for success. 39% Paid on Savings healthfulness. It lacks only one or two of the fner points of flavor which marks the fl score bnner d the com- Oldest National Bank in - the District of Calumbia