Evening Star Newspaper, January 3, 1930, Page 14

AN CIAL THE EVENI D. . BANK DEPOSITS REVEAL SHRINKAGE Expected Decline in Totals| Is Shown Following Con- troller’s Call. BY EDWARD C. STONE. As had been predicted by Washington bankers ever since the Wall Street ! crash, local banks showed a falling off in deposits on December 31, the date of the call issutd by Controller Pole | today asking for the condition state- ment of all the banks in the city, as well as of all the national banks in the country. Of the first 30 local banks reached after the call was announced this fore- noon, seven showed gains in deposits since the call of October 4, and 23 oth- ers revealed declines, the amount of the falling off in deposits varying consid- erably. \ In some instances the banks lost only about the amounts paid out to mem- bers of their Christmas Savings Clubs. In other cases, funds withdrawn to pro- tect commitments in the New York Stock market made a more severe re- diction in deposit totals. ¥ All three classes of financial institu- tions suffered, the national banks, sav- ings banks and trust companies. Of the seven local trust companies two report- ed deposit gains and five losses. Many more national and savings banks also reported a slump in their deposits than had increases. Chief Reasons for Declines. ‘The Riggs National Bank, which re- ported the largest deposits on record at the time of the October call, reported a decline today. The largest advance in deposits was reported by the Wash- ington lLoan & Trust Co. Munsey Trust, which opened a Christmas Sav- ings Club for the first time this year, also had an increase. The Commercial National came for- | ward with a substantial gain. Among others were the Federal-American and the National Capital. Most of the sav- ings banks, which have recently report- ed renewed interest in savings accounts, reported moderate losses. Bankers give the chief reasons for the lower deposits as the break in the New York stock market, which affected business all over the country; the pay- ing out of $7,000,000 in local Christmas Savings Club funds; the final internal revenue tax payment on December 15, and the fact that the October call found the local banks more than $5,000,000 ahead in deposits over the June 29 call. That was a hard pace to equal. Following are comparisons of the two last calls from as many banks as could be reached in the very limited time before going to press: Last Two Bank Calls Compared. Dec. 31, '29. Oct. 4, '29. .$20.509.212 $31,782.304 1921819 2,004.273 4,039,260 4.651.433 16.144.547 15,974,482 2,840,973 8,385,287 11,611,058 4.540,459 529,525 2.075.429 17,928,740 11,086,801 3,330,378 3,435,902 .012.124 6.125,560 5.761,768 1,764,285 7,956,514 3.367.464 £.302.806 1727313 7,851,355 3,924,972 ,082.971 2,475,917 17,265,857 1,317,760 American Sec. & Tr. Bank of Com. & Sa Columbia National Commercial National. Continental Trust ... District National . Tederal-American Pranklin National Natl. Bank of Wash... National Capital . National Metropolitan. Natl. Savings & Trust Park Savings Potomac Savings Riges National ... Becond National . Security Sav. & Com. Beventh St. Savin Union Trust Co. . Liberty National . Lincoln National McLachlen Bank Merchants' Bk & Tr. Mount Vernon Savings Munsey Trust Co. .., United States Savings ‘Wash. Loan & Trust.. Anacostia Bank . Chevy Chase Savings. 885,177 1.023.140 ‘Washington Mechanics’' 3,548,042 2,724,161 Capital Traction Reports. ‘The Capital Traction Co. filed its No- vember report with the Public Utilities Commission today. The traction com- pany showed a slight increase in net in ccmparison with the same month a year 2go, & gain of $875.03. The comparative figures for November, 1929, and Novem- ber, 1928, follow: 088.400 11,100,419 4,948,975 261,028 1,732,955 18.635.446 11.844.357 3,634.828 3,538,112 51.821,079 501,833 6.316.889 1,861,392 9.895.404 3.345.157 2102, 5,788,095 4.13 4.782,024 2.522.005 14.611.146 1.396.264 Nov.. 1929. Nov.. 1928, S 651 $334.977 253,059 Operating ‘income. Non-operating income. Gross _income. Deductions from Net_income Revenue pa | ‘The operating statement for the first 11 months of 1929 follows: 1929. $3.919.817 2,807,951 303,607 3.111.648 808.168 1928, Qperating revenues.. Operating expenses Taxi o D uction from Eross. . E 494739 563.086 Revente pasicigers (. 51988.028 53,614,183 The Capital Traction report for No- vember is the last to be filled by the local utility concerns. The fact that net earnings showed an increase is highly pleasing to the officials after such a steady falling off during some of the other months of the year. ‘The above figures show that the net income for the 11 months is off $68,- 332.12, due largely to the decline in passenger traffic. Bonds in Better Demand. Local bonds were in better demand on the Washington Stock Exchange today than for some time. Capital ‘Traction 5s sold at 81 ‘Washington | Gas 6s, series A, came out at 100%, while the B bonds sold at 100’2 in $100 denominations. | Washington Railway & Electric 4s moved at 82':. Potomac Electric con- solidated 5s registered 100 and Ana. costia & Potomac Railroad guaranteed | 5s closed the trading, again selling | at 90. i In the stock division Captial Trac- | tion moved at 75; Riggs National was | off half a point, 10 shares changing hands at 529';, while 25 shares of Na- | tional Bank of Washington sold at 275. Other stocks sold at recent levels., Only four issues on the local list are now selling ex-dividend. 334.908 SOUTHERN PACIFIC RAILWAY. | NEW YORK, January 3 (#).—Di- rectors of the Southern Pacific Rail- way today recommended a 2,000,000- share increase in the authorized com- | mon stock to provide additional cap- ital stock for issuance when needed | to provide funds for expansion and im- | provement. | ‘The directors adopted a resolution requesting the stockholders to approve the increase at their regular annual meeting, April 9. It was explained that the company | does not plan to make any present use of the additional stock, or to offer stockholders subscription rights at this time. The increase is proposed merely to give the company additional author- capital to fortify it against future needs. There are at present outstanding ap- proximately 3,700,000 shares of $100 par capital stock. The additional 18 ~Prev. 1920— High 57% 34 10474 47 2238, 4874 1% 104 5614 1183 92 3543 T50s 360 62 34% 1841 115 10615 951 [1% 5 473 981G 1991 10815 42 52 85% 54 96 967 85 a4y 60 3101 21y 121% AR% 46 140 80 491 95 18% 10% 86 40% 307% 0% 107 1047% 209% 8674 % 140 514 1% 5t 45% 50 20 66% 1451 81 90% 49'% 3 101 17% 8474 1043 60% 140% 128 1263 1% 63% 100", 8674 6314 3% 55 4414 a2% 50 2t 34 127 96% 12% 41 192% 6474 136% 617% 4913 98, 265% 48% 93% 467 61 4214 79% 59% 120 32 80% 279% 92 23% 447% 68% 108 61% 143% 135 62% 27 72% 154% 724 103 78 140 109 9614 88% 344 62% 51% b 1% 30% 3T% 69t 467 226 169% 7% 385 1% 126% 231 119% 100% 154% 79% 109 shares proposed would also be of §100 par value. China is one of the few countries now pping horsehair to America. 42 Sales of Each Stock Compiled to 1:30 P.M. Stock and Sales— Prev. Low. Dividend Rate. Add 00, High. Low. Close. Close 341 Abitibi Power & Pap. 1 33% 83% 33% 35% 20 Adams Expr (160).. 17 26% 25% 25% 25% 7 Advance Rumley 128 % Ahumada Lead. * 77 Air Reductn (t414) 127% 18% Air Wal E1 Ap (213). 1 Ajax Rubber 4% Alaska Juneau 17 Alleghany Cor 90 Alleg Corp pf (5 R0 Alleg C pf ¢ . 197 Allied Ch & Dye (c6) 5'% Allis-Chalmers (3). . 23 Alpha Port Cemt (3) 17'2 Amerada Corp (2)... Am Bank Note(ft3). Am Bosch Magzneto. . 40 Am Brake Shoe( 4'sx Am Brown Bov 86 Amer Can ( 133% Am Can pf (7 Am Car & Fd Am Chain pf (7) Am Chicle (214 20 Am Com Aleo(c1.60) 1814 Am Encaustic (2). 23 Am European See. ., 50 Am & For Power 101% Am&Forn Pwr pf(7) ¢ Am Hawalian § § (2) 231 Am Hide & Lea pf. .. Am Home Prod (4.20) Am Tee Co (+4) 3% Am Ice pf (6). 29'; Am Internat ($2). 2'3 Am La F & Foamite 90 * Am Locomotive (8). 31% Am Metal (3) % Am Piano Am Pow & Lt (f1)... Am Pow & Lt pf (6) . Am Ra&Std San 134, 4 Am Republi Am Roll Mill (e2)..., Am Seating (2). Am Sm & Ref (4) . % Am Sm & Ref pf (7). 38 Am Snuff Co (1314). . 35% Am Steel Fdy (3). 40 Am Stores ( %) . 56 Am Sugar Rfg 18 Am Sumatra (3) 1931, Am Tel & Tel (9) 160 Am Tobaceo (110). .. 160 Am Tohaceo B (110), 114% Am Tobacco pf (6).. 50 Am Water Wks (c1), 7 Am Water W 1st(6). 5% Am Woolen. ., 15 Am Woolen pf. 28 Am Writ Paper pf (3 67% Anaconda Copr (7)., 25 Anchor Cap (2.40) 18'% Archer-Dan-M (2) 75~ Armour Del pf (7) 5% Armour Tl (A) 2% Armour 111 (B) 57 Armour 111 pf (7). 6'4 Arnold Constable. .., 20% Art Metal Works 3) Asso Dry G (215). As=o DG 1st pf(6) 99 Atch T&SF pf (5)... 161 Atl Coast Line (110), 3214 AU1G & W Indies 30 Atl Refining (12) 67 Atlas Powder (15) 120 Auburn Auto (j4). .. 3% Austin Nichols, ... .. 4 Autosales. 13 Autosoles Corp pf. ., 34 Auto-Strap Raz 3). 4% Aviation Corp Del. .. 15 Baldwin,Loco (1.75). 105 Baltimore & Ohio (1) 75 Balto & Ohio pf (4)., 55 Bang & Aroos (313). 20 Barnsdall (123) 1215 Beacon Oil. ... 45~ Beechnut PKg (c3) 4% Belding-Heminway. . 75 Belg Nat Rys pf 5-49 25 Bendix Aviation (2). 25 Best & Company. ... 781 Bethlehem Steel (6). 116% Bethlehem St pf (7). 17 Bohn Alumn&B (15). 3 Booth Fisheries. 18 Booth Fish 1st pf. 53 Borden Co (k3) 26 Borg Warner (4) 81 Briggs Mfg 14 Brockway M T (3) 40 Bklyn-Manhat (4)... 16% Bruns-Balk-Col (3).. 4'; Bruns Ter & Ry S 14~ Bucyrus Erie (1), 26 Bucyruscv pt (214 81 Budd (EG) (11%). 7% Budd Wheel (1), . 21% Bulova Watch (3) 88 Burns Bros A (8). 29 Burroughs AM t1. 4% Butte & Superior (2) 171 Butterick Co. . 50 63 734 25 29 45 185 27 85 PRI g FETY QUG SRPC U ITUPETOT PPN SO - Byers (A M).. . Calif Packing (4)... Calumet & Ariz (10), Calumet & Hee (414) Campbell Wyant (2), Canada Dry G A (5). Canadian Pac (10) Cannon Mills (2.80) 29 Capital Adm A pf(3). 130 Case (J 1) (6)....... 50% Caterpillar Trae (3). 6% Cavanagh-Dobbs. ... 31 Celotex (3)... . 27% Cent Alloy Steel (2). 5214 Cerro de Pasco (6). . 10% Certain-teed Prod. ., 18 Checker Cab (4.20). . 160 Ches & Ohio (10).... 4214 Chesapeake Corp (3) 7 ChiGreat Western. , 16 Chi Mill St P&Pac. .. 2 Chi Mill St P&Pac pf Chicago & N W (5).. Chi Pneu T pf (313). 101 ChiRI& Pac (7). 26 Chrysler Corp (3) 37% City Ice & F' (k3.60) T% City Stores (1). 34'2 Cluett Peabody (4).. 101 Coca-Cola (4).. 10 Collins & Aikman. 65 Collins & Aik pf Colo Fuel & Iron. Col Gas & El (2)... % Col Gas & El pf A(6) 86 Col Gas & Kl pf B(5) 16% Columb Graph (87c). 105 Columbian Carb (t5) 18 Com Credit (2). 28 Comm Credit A (3).. 28% Coml Inv Tr (g1.60). 9 Com Inv Trst war... 87 Com InvTrpf (6%), 20% Comm Solvents (1).. 10 Comm & So (b5 %stk 11 Congoleum-Nairn.. . 43 Congress Cgrs (15%) 40 Consol Cigar (7).... 10 Consol Film (2) 16% Consol Film pf (2). 80'% Consol GasN Y (4).. 9214 Consol Gas NY pt(5) %% Consol Textile 12 Container Cor A 1.20, 3% Contagner Corp B. ... 25'% Contl Baking A. 4% Contl Baking B. 7912 Contl Baking pf (8). 40'2 Contl Can (21%). . 0% Contl Dia Fibre (3) 614 Continental Motor Contl Ol of Del Contl Shares (1).... 0d Refin (14) toty Inc (g2)...... : Cream of Wht(t23;), Crosley Radio (11). Crucible Steel (k5). % Cuba Cane % Cuba-Cane 112% Curtis Publish pf(7). 6% Curtiss Wright Corp. 13% Curt Wright Corp A.. 21% Davison Chem... 20 Debenhams (a2.31) 141% Delaware & Hud (9). 120% Del Lack & W (17). 49 Denv&RG W pf 151 Detroit Edison (8). 6 Dome Mines (1)..... 12 Dominion Strs (1.20) 69 Drug Corpn (4) 80 Dupont de N (5.20). 107% Dupont d N deb (6) 965 Duquesne 1st pf (5)., 18 ton Axle & S (3)..: 4 Eitingon-Sch (234).. 50 uto Lite (6). 34 Electric Boat. . 200 Bl Pwr & Lt (1) 98 Pwr & Lt pf (7) 55 Elec Storage Bat (5). 49% Endicott-John (5)... 108% Endicott-John pf (7) 31 Eng Pub Serv (11)... 84% Eng Pub Sve pf (5%) uitable Bldg (2%) e R R . Fairbanks Co....... Fairbanks Morse (3) Fed Water Ser A 2.40 47 N D3mmemBohmmnanmemn 15 71 —Prev. 1929~ High. Low. 37 24 ROW 83N 90 4412 20% 2w 33 Stock and Dividend Rate. Sales. Firestone T&R(1.60) 1 Firestone T&R pf(6) 16 First Nat Strs (2%), 18 Fisk Rubber S Foster Wheeler (2)., 4 Foundation Co . 3 Fox Film A (4)..... 2177 Freeport, Texas (15) 21 Gabriel Snub A Gen Am Tnk Car(34) 200 Gen Asphalt (4) 5 Gen Cable. , Gen Cable A ( Gen Cigar (4). 4 Gen Electric (16). Gen Electric (new), . Gen Elec spec (60c). Gen'l Food Corpn (3) Gen Gas&EL A (te2). 2 Gen Mills (1312).... 4 Gen Motors (13.60).. 188 Gen Motors pf (7)... 1 Gen Outd Adv A (4). 1 ¢ GenOutd Ad vte (2). 1 7% Graham-Paige. . % Hahn Dept S pf(674) 4 Hartman A (2).. : Hud&Man Ry ( 4« McKesson & Rob (2) 4 Mack Trucks (6).... 4 May Dept Stores(c2) & Melville Shoe (1.40).. ¢ Natl Radiator. 4 Otis Steel (21%) 4 Pathe Exchange A... Gen Public Serv (b§) 10 Gen Ry Signal (5)... 5 Gen Refrac (141;) Gillette Saf Raz (c5 Gimbel Brothers Gobel (Adolf). ... Gold Dust (215) . Goodrich B F (4). Goodyear Tire (5) Goodyear 1st pf (7). Gotham Silk H (215) o 3 Granby Copper (8).. Grand Union........ Grand Union pf (3).. Granite City Stl (4). Grant (WT) (1).... Grt North pf et (5).. GtNctfsOP (a3%). Grt West Sug (2.80). 2! Grigsby Grunow (2). 190 Gulf Mo & North. ... Gulf Mo & N pf (6).. Hahn Dept Stores. Y Boommmaanrsss-38-3s Hartman Corp B 1.20 Hayes Bod. Hercules Motor 1.80. Hercules Powdr (+4) Hershey Chocolate. , Houdaille Her B (2). Houston 0il. . Howe Sound (15).... 50). Hudson Motor (5)... Hupp Motor (£2).... Tllinols Central (7).. Independ Oil & G (2) nd Motor Cycle..... Indian Refining. ... . Indian Refining ct. .. Indus Ray (b5 %stk) . Ingersoll-Rand 171 . Inland Steel (315)... Inspiration (4) Insurance Shars 45¢. Interboro Rap Tran.. Intercontinental Rub Intl Agricultural Intl Cement (4). Int Combustion. Inter Comb Eng pf. . Intl Harvester (23). Intl Harv pf (7)..... Int Hydro E1 A (e2). Intl Mateh pf (4) . Int Mer Marine etfs. Int Nickel of Can (1) Intl Pap & P A(2.40). Intl Pap & PwrC.... Intl Pap & Pwr pf(7) Intl Shoe (3).. . Int Tel & Teleg (2).. Inter Dept St (2). Investors Equity (2). Johns-Manville (3). Jordan Motor Car... Kan City Sou pf (4).. Kayser Julius (4) Kelly-Spring Tire v Hayes (2). Kelvinator Corp Kennecott (5)...... Kimberly-Clark (3). Kinney GR (1). Kolster Radio. ... Kraft Ph Ch (11%) Kraft Ph Ch pf (61%) Kresge(SS)Co(1.60). Kress (SH) Co (n1). Kreuger&Toll (1.34). Kroger Gr&Bak (c1) Tambert Co (8). Libbey Owens (1) Tizgett & My (15). Liggett & My B (45 Liggett & My pf (7). Lima Locomotive. .. T.iq Carbonte (+474). Loew's, Tne (13%).. Loft. Inc. . Toose-Wiles (2 Lorillard (P) Co. Louisiana Ofl....... LouG & E1A (1%). Louis & Nash (7)., Ludlum Steel (2).. McK'port TP (14%). - am aaBaa= 23nnnoasnwanan =~ o= e SR reBusneliananadBamnnnLm E » L T T T T T I T TP TP R TP -2 E T McKes & Rbpf(31%). Macy (RH)&Co(ct3). Magma Copper (5).. Man Elec Supply. ... Man Elev mod (d5).. Maracaibo Oil Exp. armon Motor (4). . Martin-Parry. o Mathieson Alkili (2). Maytag Co (2)..... Maytag Co pt (3). Mengel Company (2) Metro Gold pf (1.89). Mexican Seaboard Miami Copper (4) Michigan Steel (13). Mid-Continent P (2), Middle States Oil et. . Minne&Hon Rex(t4) Minn Moline Pwr. Mo Kan & Texas Mo Kan & Tex pi Missouri Pacifie. ... Missouri Pac pf (5) Monsanto Ch (g1%). Montgomry Wrd (3). 45 Morrell J (3.60). . Mother Lode (40c). Motor Products 110 Motor Wheel (3). Mullins Mfg. . Munsingwear (13%%) MurrayCor (b2 % stk) Myer(FE)& Bro (2). Nash Motors (6). Nat Aeme (134) Natl Bella Hes: Nat Biscuit (1714). Nat Biscuit (new) . Nat Cash Reg.A(14).. at Dairy (2). Nat] Distillars Natl Lead (5)....... Natl Pwr & Lt (1). b PP Bummnmny PN B B S AN A NSRRI S A H A BN R NDD NAVTINB VO DA NAR DDA R Natl Radiator pf. Natl Surety (5). Nat Tea (o (2). Neisner Broth: # Nevada Copper (3). Newton Steel (3). N Y Airbrake (3.60) N Y Centrai (8) N Y Chi & St L pf(6) NY NH & Hart (6)... NYNH&Hpf (1) N Y Ont & West. . Norfolk Southern. ... North Am(b10%stk) 1 North Am pf (3).... North Am Ed pf (6). Northern Pac (5) North Pac et (5). 01l Well Supply. .. Oliver Farm Equip. Olivr Fr Eq ev pt(3). Omnibus Corp . Oppenheimer Col (5) Otis Elevator (18). .. Pacific Coast. ... Pacific Gas & E (2 Pacific Lighting (3). Pacific Oil stubs. ... Packard Motor (1).. Pan-Am Petroleum Pan-Am Pete B. . Paramount-F-L (3). Tark & Tiiford (13). Park Utah Parmelee T . Pathe Exchange. .... 'S > moBemnvna~a=RBanc® Peerless Motor Car. ., Penick & Ford (1). Penney (J C) coen Pennsylvania RR(4). b Phelps Dodge (3) Phila Co 6% pf (3).. Sales— High. 29% 86 52% 312 63 16% 22% 4% 55 108% 501 Prev. | —Prev. 1929 . Close. Close. 262 861x 50% NG 4 TAR, WASHINGTON. D. €., FRIDAY, Stock and Dividend Rate. Phila & Read C & T Philip Morris (1). Phillips Pet (c2) Pierce-Arrow A. Pierce-Arrow pf ( Pierce Petroleum. Pillsbury FI (1215).. Pittsburgh Coal pt. . Foor & Co (B) (2)... P Rican Am To (B). Postal Tel & C pf(7). Prairie O&G (12%). Prairie Pipe L (15).. Pressed Steel Car Pressed Stl C pf Proc & Gamble (2).. Public 8. N J (13.40) . Pub Sve NJ pf (6) Pub Sve pLe6).. Pullman Corp (4). Pure Oil (13%).. Purity Bakerfes Radio Corp. . Radio-Keith-Orph A, R R Sec 1C stk C(4). Reading (4)....... Reis (R) & Co. Rem Rand (50¢c) Reming-Rnd 1st (7). Reo Motor Car (.80). Repub Ir & Steel (4), Rep Ir & Stl pf (7)... Revere Cop & Brass. Reynolds Spring. . .. Reynolds Tob B (3). Richfield Oil (2).... Rio Grande Oil (k2). Ritter Dent Mg (3) Rosia Ins (2.20) 4 4 Royal Dutch (a3.20). afeway Stores(es). t L-San Fran ( avage Arms ( chulte Retail eaboard Air Line. .. Seaboard Afr Line pf Sears Roebuck (12%) Second Natl Inv. ec Natl Inv pt (5).. Seneca Copper. . Servel Ine. . . <hell Union (1.40)... hubert Theatres. mmons Co (3). mms Pet (1.60) Sinelair Con Oil (2). Skelly Oil (2)..euurs Snider Packing. ..... Snider Packing pf Southern Cal Bd Saler— High. Low. Add 00. Hi 34, o 23% B 24y 18 68 & 30 MR ANE—ARN BN 20 S w Belunon Soninhamnemabar @ § a 5 B S RPG- TSP PP T T Y 2). pang-Chalfant. 4 Sparks Withngtn Spleger-May-St (3).. and Brandes (1%). and Com Tob (1).. and Gas & El (312) Stand G & K pf (4).. Stand Invest Corp. .. Std Oil of Cal (h21%). Stand Oil N J (12) Stand Oil N Y (1.60). Stand Plate Glas: terling Sec A . - terling Sec pr(1.20) terling Sec cv pf(3) Stewart Warn (§3%) Stone & Webster (2). Studebaker ($3) Submarine Boat. erior Steel. 4 Symington. . Symington (A). Texas Corp (3)...... Tex Gulf Sul (4).... Texas P C & Oil (b5). Texas Pac Land Tr. . Tide Water Asso 60c. Prev. gh. Low. Close. Close. 121 12% % 8% 8% 34y 85 28 2t 7% 73 2% a4 106 29 13% £ ~Prev. 1920~ High. Low. 0% T4 3% 11 139% 5RY% 22U 1 2% 5% 15% 5 64 30 61% 30t 1018 82 | 140 59 57 424 | 297% 200 85 80 162" 31 109% 4475 60 331, 11% 40ty | 21% 3 | 104 195 7 19 Tide Wa Timken Tobacco Tobacco Truscon Und Ellj; Union O Utd Aire; Utd Alres Utd Bises Utd Carl Utd Gas Utd Gas United § Udt Story U S Frei Pipe v U v U L S Real v 5 Rubl S Smel teel anadiug Wabash Wabash Waldort Stock and Dividend Rate. Timken Roller (3) Transcontinental Ofi Trico Prod (214).... Union Carbide (2.60). Union Pacific (10)... Union Pacific pt (4 Utd Cigar Stores. . .. United Cigar Strs pt. Utd Corporation Utd Corp pf'(3)... United B Utd Fruit (c4).. Unit Piece Dye W (2) Pipe 1st pf ( S Pipe&F 2d pf 1.20 Sales— Prev, Add 00. High. Low. Close. Close. t Asso pf (6) 814 Rly 85 Det Ax 180c 16 15% T5% T5% 24 ™ R1g 81% a » Products. .. Products Stl (£1.20).. od Fishr (5). ® 3 1of Cal ($2) raft& Tra; raft&T pt 3. uit (1.60)... bon (2)..... e Jlec Coal & ITmp(1 & Im pf © AxamniniEmnrmneiacinanee tores A. SSDE. . U S & Forelgn Secu ght (3). S Ind Alcohol (17). Leather A.... & Fdry (2). 20) ty (5). Rubber ber 1st pf. .. 1t Ref (3%). teel (18). 1pt D). Iniv Pipe & Rad. .. Sl Pwr Lt, A (e2), m (14).. ick Chemical (2%2). Dt B. Systm (1 Walworth Co (2). Ward Baking B. Ward Baking pt Warner Bros Pic (4). Warner- " Webster- 26 24% 1% 100 26 56'% 121% 122% 9 98 20 16% 36 26% 112% 11314 6413 6415 11 6114 Western Western Western Westing Weston White M Wilcox O Wilcox ¥ Wilcox F Wi RIGHT! N Y Cei % Reynold: Sales of Si Dividend payments by in stock. this ye §Plus 33 in stock. g Plus % in Willys-Over (c1.20). on & Co A . Woolworth (2.40). .. Worthington Pump. Worth Pump B (6).. % Yellow Truck & C... Penna Ry. Peo Gas & ed on the latest quart: “Unit of trading less than 100 si stock' Kk Plus 3% in stock. mPlus 1!37% in stoek. special preferred stock. o Plus 6% % in stock. Quinlan (2). senlohr. . Wess Oil & Snow (2), Wess O & Sn pf (4).. Westn Dairy (B).... Marylan Pacific pf. .. Union (8).. Westngh Ald Brk(2). hse BE&M (5) Ellns (1)... White Eagle Oil otors (2).. )il & Gas.... tich (A) 214, Rich B (c2).. 31% 14% 281, 21 A% 8% 70 72 R 4% 13% 14% S EXPIRE y nt....Jan 31 5 5% Jan 15 g agEg Jan1s 2 12% 12w 12% s Spr.Jan 24 w % % tocks on New York Exchange. 258,300 12:00 Noon. 51 . 893,500 1,787,000 re «he annual cash vearly declarations. tPartiy extra. 1Plus 4% preferred stock. fPlus 1-25 in stock. a Paid —no regular rate. b Pavable in stock. ¢ Plus 5% in stock. d Payable when earned. e Payable in cash or stocx. f Plus 10% 3 Plus 8% n Plus 50c in tock. hPlus 27 in stock. S— Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., January 3.— Potatoes, white, barrel, 1.50a4.00; 130- pound sacks, 1.55a2.50; sweet potatoes, barrell, 1.50a3.00; yams, barrel, 2.00a 3.00; beets, crate, 3.00a3.25; hamper, 1.50a2.50; cabbage hamper, 3.50; car- rots, 100, 2.00a3.00; cauliflower, crate, 1.50a2.00; celery, crate, 1.50a3.50; ¢ plant, crate, 1.50a4.00; ‘ettuce, basket, 2.50a3.50; kale, barrel, 1.25a1.50; onions, 100 pounds, 1.55a2.00; parsnips, baske! 50a65; peppers, crate, 4.00a5.50; pump. kins, 100, 100.00a150.00; spinach, bushel, 50a75; squash, crate, 2.50a3.50; tomatoes, crate, 2.50a6.00; turnips, hamper, 25a35; apples, bushel, 75a2.75; cranberries, box, 3.00a4.75; grapefruit, box, 2.50a4.75; oranges, box, 2.10a4.25; tangerines, box, 1.25a2.50; strawberries, quart, 60. Live Stock Market. Cattle—Receipts, 1,100 head; good supply, market steady. Steers, choice to prime, none; good to choice, 12.25a 12.75; medium to good, 11.25a12.25; fair to medium, 10.25a11.25; plain to fair, 9.25a10.25; common to plain, 8.25a 9.25. Bulls, choice to prime, none; good to choice, 8.50a9.00; medium to good, 7.5029.50; fair to medium, 7.00a7.50; plain to fair, 6.00a7.00; common to plain, 5.00a6.00. Cows, choice to prime, none; good to choice, 8.50a9.00; medium to good, 7.5028.25; fair to medium, 6.75 a7.25; plain to fair, 5.50a6.50; common to plain, 4.00a5.00. Heifers, choice to prime, none; good to choice, 10.00a 11.00; medium to good, 9.00a10.00; fair to medium. 8.00a9.00; plain to fair, 7.00a8.00; common to plain, 6.00a7.00. Fresh cows and springers, 60a150. Sheep and lambs—Receipts, 200 head; light supply; market steady. Sheep, 2.00a6.00; lambs, 6.50a14.00. Hogs—Receipts, 500 head; light sup- market steady. Lights, 10.50a . heavies, 10.25a10.70; medium, 10.50a10.70; roughs, 7. i light pigs, 10.25a10.50; pigs, 10.50a10.70. Calves—Receipts, 50 head; light sup- ply; market steady. Calves, 7.00a17.00. Dairy Markets. Poultry, dressed—Turkeys, pound, 30 a33; old, 28a30; chickens, 30a32; ducks, 28a30; geese, 22a30. Poultry, alive—Turkeys, pound, 30a33; old toms, 28a30; Spring chickens, 26a 32; Leghorns, 22a24; old hens, 20a30; Leghorns, 18a30; poor and thin, 17a 18; old roosters, 18; ducks, 16a30; geese, 23a28; guinea fowls, each, 40a50; pig- eons, pair, 25, Eggs—Receipts, 904 cases: native and nearby, firsts, 43a44; pullets, 39a40; hennery whites, firsts, dozen, 47a48; current receipts, 38a40; culls and dirty eggs, 25a30. Butter—Good to fancy, creamery, pound, 41a46; ladles, 35a36; store pack- ed, 21; rolls, 31a32; process, 38a39. Hay and Grain Prices. Wheat—No. 2 red Winter, spot, 1.28%; No. 2 red Winter, garlicky, 1.26',; January, 126}4; No. 3, garlicky, no ‘quotations, Corn—No. 2 domestic, yellow, 1.05; cob corn, new, 4.60a4.70. Oats—No. 2 white domestic, spot, 56; No. 3 white domestic, spot, 55. Rye—Nearby, 90a1.00. Hay—Recelpls, 8 tons. 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 14.00a17.00 per ton, according to its quality and condition, receipts by truck taking care of most requirements. Straw—Little demand for straw. Re- ceipts generally ample, Wheat straw, No. 1, per ton, 9.00a10.00; oat straw, new, No. 1, per ton, 9.00a10.00. GERMAN BONDS AND STOCKS. NEW YORK, January 3 (Special).— SRR T i R AN, Ger ed Loan w rawing ctfy attached per 100 R M.... 50.00 61.00 Ger Gt Red Loan without draw- ing ctfs per 1,000 R M (Quoted in dollars pe Hamburg 4%2s 1919, .8 pre-war 23 German Gen Elect 4'is 1919.... 2 Berlin 4s pre-war...... g Hamburg 3s. 3'a3 . Hamburg American Line. “ North German Lioyd 4'us . Krupp 5s 1921 (Quoted in_doliais Dy A E G (German Ge Elec) i A E G (German Ge Elec) pfd B! Commer and Priv 3 chaf Berliner Handles. Dresdner Bank Deutsche Bank.' '’ Darmstaedter Rank Hevden' Chem - Mereur Bank Vien : Nor Ger Liova. : Austriai A E G (General Eiéc).. amosoerms oBeSRSBISBEES | w 333333333888 2258 10.0 4.00 8 . Committee FOK STOCKHOLDERS NN STATENENT Reassured byJ Report of Company’s Finan- i cial Position. By the Associated Press. NEW YORK, January 3.—The pro- tective committee of class A stock- holders of the Fox Film Corporation today issued an additional statement, expressing satisfaction with Willlam | Fox's disclosure as to assets and earn- ings, making no further reference to contemplated receivership action. Mr. Fox's statement, indicating as- sets above liabilities of $73,000,000, and earnings for 1929 of $19,000,000, was described as “reassuring,” but it was added that the committee is seeking to obtain more detailed figures. “The willingness of Mr. Fox for the first time since the company’s diffi- culties to make public these figures,” the committee stated, “indicates that the committee's activities are having the desired effect. In so far as class A stockholders are concerned, the pres- ent situation wili be relieved at the next annual meeting of the company, when, in the opinion of counsel for this com- mittee, the class A stock will have direct representation by the election of directors.” As only $3,600,000 is needed to con- tinue class A dividends, and indicated earnings for 1930 will at least equal those of 1929, the committee predicted that refinancing would not meet with | any unsurmountable difficulties. !CHOPS AND NEW BUILDING EXPECTED TO AID SOUTH| | Special Dispatch to The Star. ATLANTA, January 3.—The new year finds the entire sixth Federal reserve district more prosperous than for some time, and with every indication of an excellent 12 months from a business and financial standpoint. Conservative bankers and business men point to the increased yield of crops and to plans for building activity as signs of continued good times. In Atlanta some five buildings are to be erected in 1930 at a total cost of $15,000,000. Office building owners are planning extensive alterations. The same is true all over Georgia and in Alabama. In Tennessee the situation is declared unusually bright. In Georgia crop values of the year past reached a total of $29,000,000 more than last vear. This condition has been duplicated in other parts of the dis- trict, Federal reports show. The bank situation in Georgia shows signs of increasing strength. The tend- ency has been to merge whenever pos- sible. As a result, in Atlanta there are only three national banks left. POTATO MARKET. CHICAGO, January 3 (#).—Potatoes —Receipts, 69 cars; on track, 245; total United States shipments, 858 cars; trading just falr; market about steady: Wisconsin sacked round whites, 2.40a 2.55; Minnesota sacked round whites, 2.30a2.35; Hollandale's, 2.40a2.45; Idaho sacked russets, 2,80a3.10. ETAL MARKET. NEW YORK, January 3 (#).—Cop- per quiet; electrolytic, spot and future, 18.00. Iron quiet, unchanged. Tin easy: spot and nearby, 38.87; future, 39.37. Lead steady; spot, New York, 6.25; East St. Louls, 6.10. Zinc quiet; East St. Louls, spot and future, 5.45. Antimony, 8.65. Quicksilver, 123.00. Clearing House Statement. NEW YORK, January 3 (#).—Clearing house statement exchanges, $1,895,000,- 000; balance, $229,000,000. SILVER QUOTATIONS. NEW YORK, January 3 (#).—Bar sil- ver, 46%. Mexican dollars, 34%. More than 1,000,000 tons of raw sugar Businesé Notes By the Assoclated Press. NEW YORK, January 3.—The Inter- national Hydro-Electric System, a di- vision of the International Paper & Power Co., produced 357,452,000 kilo- watt hours of Electric energy in Novem- ber, which was 25 per cent greater than the output of the system in November, 1928, and 95 per cent over that of No- vember, 1027, No heavy buying of any of the non- ferrous metals was expected in the | week intervening between Christmas and New Year, and the market lived up to expectations, although business was not entirely absent, according to the weekly review of the metal and mineral markets. Tin met a fair demand, and copper also sold in somewhat larger volume than in recent weeks. The total volume of trading on the National Raw Silk Exchange for 1929 amounted to 222,675 bales, valued at approximately $133,605,000. The volume exceeded that of the Yokohama bourse, the oldest exchange trading in raw silk for future delivery, by 38,695 bales. October was the heaviest month in volume on the local exchange, 31,615 bales being traded. Sales of the General Baking Corpora- tion for 1929 approximated $50,000,000 for the first time and showed an in- crease of about 7 per cent over those of the preceding year, F. H. Frazier, chairman, said today. The annual meeting of members of the New York Coffee and Sugar Ex- change will be held January 9, the an- nual election of officers and members of the board of managers will be held January 16. CHICAGO LIVE STOCK MARKET CHICAGO, January 3 (#).—(United States Department of Agriculture).— Hogs—Receipts, 19,000 head; including 2,000 direct; market unevenly, 10 to 25¢ higher; underweights up most; bulk, 140-300 pounds, 9.50 to 9.85; heavy butchers, 9.50 to 9.60; top, 9.90 paid for 140-180 pound weights; butchers, me- dium to choice, 250-300 pounds, 9.30 to 9.75; 200-250 pounds, 9.50 to 9.85; 160- 200 pounds, 9.60 to 9.90; packing sows, 8.15 to 8.85; pigs, medium to choice, 90-130 pounds, 9.25 to 9.85. Cattle—Receipts, 2,000 head; calves, 1,000 head; fed steers, yearlings and fat she stock more active, strong; bulls, steady: vealers strong to 50¢ higher; slaughter classes, steers, good and choice, 1,300, 1,500 pounds, 12.00 to 15.65; 1,100-1300 pounds, 12.50 to 16.00; 950-1,100 pounds, 13.00 to 16.25; common and medium, 850 pounds up, 8.50 to 13.25. Fed yearlings, good and choice, 750~ 950 pounds, 12.75 to 16.25; heifers, good and choice, 850 pounds down, 12.00 to 15.50; common d medium, 7.75 to 12.00; cows, and choice, 8.25 to 10.75; comm and medium, 6.50 to 8 low cutter and cutter, 4.50 to 6.50; bulls, good and choice (beef), 9.25 to 9.75; cutter to medium, 6.75 to 9.50; vealers (milk-fed), good and choice, 14.00 to 16.00; medium, 11.75 to 14.00; cull and common, 7.25 to 11.75; stocker and feeder steers, good and cholice, all weights, 10.50 to-11.00; common and medium, 8.25 to 10.25. Sheep—Receipts, 10,000 head; mar- ket active, steady to strong; best, fat lambs, 13.25a13.50; early top, 13.60: fat ewes, 5.25a6.00; feeding lambs, quotable steady; lambs, good and choice, 92 pounds down, 12.75a13.75; medium, i A common, 10.00a11.50; ewes, medium to choice, 150 pounds down, 4.75a6.25; cull and common, 2.50a5.00; feeder lambs, good and choice, 11.50 PARIS BOURSE PRICES. PARIS, January 3 (#).—Price changes were irregular on the Bourse today. Three per cent rentes, 84 francs 60 centimes. Five per cent loan, 107 francs 85 _centimes, Exchange on London, 123 francs 9714 centimes. The dollar was quoted at 25 francs 42 centimes. CHICAGO DATRY MARKET. CHICAGO, January 3 (#).—Butter weak; receipts, 8,491 tubs; creamery ex- tras, 35; standards, 35; extra firsis, 34 to 34%2; firsts, 31 to 33; seconds, 29 to 2915, !?m. steady; receipts, 6,512 cases; extra firsts, 421, to 4 aded firsts, 42 to 43; ordinary firsts, 38 to 41; re- frigerator firsts, 38; refrigerator ex- will be produced in Czechoslovakia this season. . traz, 30. STOCKS IRREGULAR INNARROW RANGE Lack of Important Business News Results in Quiet Market. BY STANLEY W. PRENOSIL, Associated Press Financial Editor. NEW YORK, January 3.—Stock | prices continued to fluctuate within & | rather narrow trading area toda; with neither the “bull” nor “bear” operae tors apparently able to gain any dee cided advantage. The market appeared to lack leadership, operators for the rise finding it difficult to atiract am outside following, while speculators for the decline hesitated about selling & dull market. Total sales in the first two hours were less than 900,000 shares, as against nearly 1,360,000 in the same period yesterday. Call Money Lower, Call money dropped from 6 to 5 per | cent, indicating the passing of the ycar end currency demands and the returm | flow of funds to the banks, and an | easier undertone was apparent in other monetary markets. No change was made in the Chicago Federal Reserve rediscount rate of 41, per cent. 7he increase of $96,000000 in Federal Rew serve brokers' loans was somewhat I er than expected and tended to chill bullish enthusiasm. To date there has been little evidence of a_pronounced January investment demand, despite the fact that more than one biilion dollars in dividends and interest is being diss tributed this month, The erratic course of prices is lluse trated by the movement of Fox Film A, which closed yesterday at 171, opened today at 17, rallied to 18, broke to & new low at 1615 and then rallied to 20%. ~ United States Steel common moved up to 169, dropped back to 166 4 and then rallied above 168, . Other Changes. Colorado Fuel, in which a change of control is unofficially reported to be pending, ran up 4 points. General Amer= ican Tank and Pullman, which are rumored to be engaged in merger dis- cussions, each rallied about 2 points. Baldwin Locomotive, which began the year with more than $30,000,000 of business on its books, or about five times that of last year, also was in brisk demand. Public utilities were turned over in fairly large volume with American Wa~ ter Works, American & Foreign Power and Consolidated Gas in the forefront of the advance. American Bank Note, American Can, Gillette Safety Razor, Johns Manville, and General Electric also received fairly good buying support. Sears Roebuck and Montgomery-Ward sold within 3 points of the lows estab- lished in the November break. Corporation News NEW YORK, January 3.—The fol- lowing is today's summary of important corporation news prepared by Standard Statistics Co., Inc., New York, for the Associated Press: News Trend. Outstanding corporation news of the | day was the statement by the commite tee purported to be representing Fox class A holders that receivership action would be brought against the Fox Film | Corporation and Fox Theater Corpora- tion if that step was not taken by creditors. Also of interest was the an- nouncement by the Standard Oil of New Jersey of a revision in method of com- putation of retail gasoline prices. The new basis involves the computation of prices on the basis of transportation charges, buyer to receive the benefit of lower price if close to refineries and served by cheap transportation service, This action is attributed to an effort on the part of the Standard to reduce the | amount of California oil which is find- ing its way into Eastern markets. The Companies. J. D. Adams Manufacturing 1929 ;arx;ings estimated at $4.25 by the presi- ent. American Cigar to sell 27,000 shares of preferred at $111.50 r share to American Tobacco Co. and borrow close to $9.000,000 from latter for capital ex- penditures. American Machine & Foundry in- creases common dividend to $7 annual- 1y, formerly on $4 basis. Associated Apparel Industries earned $5.09 in 11 months to November 30, ex- cluding profit on sale of assets, against {;24: in 12 months to December 31, Aviation Corporation, Colonial Air- ways System subsidiary, carried 388536 pounds of mail in 1929, against 144,167 in 1928. Bancomit Corporation earned $2.69 in 12 months to December 31, 1929, Chesapeake & Potomac Telephone (Baltimore) 1930 budget involves ex- penditure of $22,000,000 for improve- ment and expansion of system. Chrysler Corporation to market eight- cylinder Dodge and De Soto models in low-price fleld. Dealers' stocks Novem- ber 30, 1929, were 22 per cent below a year ago. Cockshutt Plow earned $2.80 in 11 months to November 30, against $2.68 in 12 months to December 31, 1928, dl(ignnd“";“;l Motors omits quarterly vidend of 20 cents. Last payment Oc- tober 30, 1929, s El Paso Electric November net up 13 per cent; 12 months, 18 per cent above year ago. General Motors—Chevrolet operations to be placed on 5-day schedule next week. Force has been on a 3-day schedule. ~Production, cars and trucks, in December totaled 27,437 units, against 25,000 a year ago; 12 months output totaled 1,301,166, against 1,200,000 in 1928. Buick shipments totaled 6.242 in December, against 9,761 in November and 12,897 in December a year ago. Grlxhy-crunnw 1930 line to include five lels ranging from $116 to $225, against $137.50 to $265 on present mod- els. Earnings before Federal taxes in seven months to December 31, 1929, equaled $225 a share, against $1.80 a year ago. Sales for same period exceed $42.000,000, against $49,000,000 in like 1928 period. Houdallle-Hershey acquires substan- tial interest in Schwitzer-Cummins Co. of Indianapolis. Hupp Motor shipped 50.578 cars in 1929, against 68,857 in 1928. Indian Motor Cycle loss nine months to September 30, $405,957. Island Creek Coal 1929 production close to 6,300,000 tons, up 16 per cent from last year. Maytag Co. retires 34,500 shares $3 preferred and 8,000 shares $6 preferred, thereby canceling ‘warrants for pur- chase of 45375 common shares. Montgomery Ward December sales up 12 per cent; 12 months, 25.5 per cent higher than year ago. Nashville, Chattanc & St. Louis Railway earned $20.81 10 months to issues 12,000 October 31, 1929. National Container shares of stock in payment for assets of Hygrade-Eagle Corrugated Paper Prod- ucts Corporation. National Cotton Corporation—Federal Farm Board approves plans for forma- tion of $30,000,000 central marketing organization. Packard Motor Car raises prices $110 on three models in standard eight line. Prairie Pipe Line December deliveries up 6.6 per cent; 12 months, 12 per cent above year ago. Standard Oil of New Jersey to revise price basis for marketing gasoline throughout Atlantic seaboard territory.« Base to be cargo market price, plus a d:’fiferemlll and actual freight to selling points. Winnipeg Electric declares dividend of $1 on common stock.