Evening Star Newspaper, January 21, 1930, Page 12

TRUST COMPANIES ELECT DIRECTORS Three More D. C. Insfitutions | | Announce Results of An- { nual Mee‘tings.-v f § BY EDWARD C. STONE. ‘Three more local . trust’ companies have held. their ‘annual’ mestings, the | American Security & ‘Trust Co., eléct- | 1ing one new director; the, Munsey Trust | 1 Co. and the Na- ‘ tional - Savings & - P ‘Trust Co., retain- i ing . the same i boards, and_ also the same officers. At the American Security meeting, ‘William Montgom- ery, president of the Acacia Mutual Life Insurance Co. and prominent in the business life of Washington for many years, was e a director. ‘The directors re- elected include: C. A. Aspinwall, Harry K. George W. Brown, William M. Coates, | Wfllhm 8. Corby, William W. Everett, | Wfl)hm J. Flather, jr. M. G. Gibbs, Cary T. Grayson, James M. Green, Gilbert H. Grosvenor, J. P. Herrmann, James F. Hood, Joseph Leiter, G. Percy McGlue, Edward B. McLean, Hfl'll’d Moran, Clarence F. Norment, Newbold Noyes, Howard S. Reeside, B. F. Saul, E. Shannon, James F. Shea, Charles A. Spalding, Corcoran Thom, B-njunln W. Thoron and John P J. G. Stephenson. National Savings Election. At the annual meeting of the :hlre— holders of the National Savings ‘Trust Co. late vesterday, the (ollnwin‘ directors were re-elected: James J. Becker, Woodbury Blair. William A. H. Church, Walter C. Clephane, H. Rozier Dulan; Jr. Pranklin H. Ellis, H. %flwfil Gatley, William D. Hoover, alter B. Howe, Reginald S. Huide- koper, Victor Kauffmann, Edmund D. Rheem, Frank Stetson, Frank W. Stane. William H. Walker, William B. Willard and Harley P. Wilson. Immediately after its re-election the board of directors re-elected the fol- Jowing officers: Willlam D. Hoover, president; Woodbury Blair, first vice president; Prank W. Stone, second vice president: Frank Stetson, trust officer: Charles C. Lamborn, treasurer; E. Percival Wilson, secretary: Frank R.| Ulimer, assistant treasurer; Bruce | Baird and David Bornet, assistant trust officers; John W. Calvert and W. Hiles Pardoe, assistant treasurers: A. J. Fant and John M. Boteler, assistant secre- ufl& and Audley A. P. Savage. auditor. directors declared a quarterly dlvmnd of 3 per cent and an extra dividend of 5 per cent. Munsey Board of Directors. ‘The Munsey Trust Co. stockholders re-elected these directors for the coming year: W. W. Chiswell, Charles , C. T. Dixon,,/ Himes, G. T. Hodges, ir.; . Horton, Harry M. Keyser, Arthur G. Lambert, Wflwn J. Lambert, Fred A. Walker, T. C. Willis and R. H. Yeatman. The organized at once, electing wmh.l‘l T. D:nn president: Willlam J. vice One of the interesting promotions tn connection with the anhual bank meet- ings last week was that of J. G. Ste- phenson, an assistant cashier at the Franklin National !tnkS;l;o ‘was made a vice president. Mr. henson was born and raised in this city, attending the publie schools and graduating from Bllfln- High School. commenced his banking career 'l'.h the old United States Trust Co. lin , 1912, he went to the Frank- Nlunnu beginning as a messenger, d . fimzu(h the b&okkzepm. ep-nmen and cages until elected assistant cashier in 1920. The directors rewarded his faithful service a few days anlflmfluhlmlunmmmnpbh Mr. thnsan is only 36 years old, B W S s any n. new he will be of much assistance to Vice President Thomas P. Hickman. Trust Shares Being Offered. ‘Waggaman, Bravner & Co. Inc., are ‘making a local offering today of diversi- fied trust shares, Seriés C, shares representing perticipating ownership in 50 seasoned and dividend paying com- mon stock listed on the New York Ex- chuue In the list are railroad, public 'utilities, industrials, oils and mining #tocks; there being 10 each of the rails and public utilities, 21 industrials, and 9 olls and mines. The stocks on which the trustee shares are based are among the leaders -on-the New York Exchange and are highly rated by Moody’s. The circular states that the shares are offered “for conservative income as well as, long- term appreciation.” They are being #old here at the present market price. Continental Capital Intact. In connection with the Commercial National-Continental Trust Co. merger, the “Street” has been deeply interested in the question of what is to become of the Continental Trust Co. stock. On this point President Wade H. covper' of the merged banks sald today. ”Th! capital stock of the Continental “Trust Co., amounting to $1,000,000, and 1 the l\lrpl\u of $250,000, will remain in- tact, to be used by the stockholders as they deem necessary and proper. “The Commerctal National Bank sim- | Plv bought the banking business of the Continental Trust Co., but not its capi- tal stock. The charier of the Conti. nental Trust Co. is a valuable one, and there is mo intention of surrendering 1. but the trust company has retired flnl:’uv and definitely from the banking flel “rom the above statement it would appear that the trust company can carry on the business of a finance con- cern, deal in real estate notes or en- ®age in other similar business. In the present merger there was no exchange of stock, Mr. Cooper and his friends buying a substantial interest in the #tock of the Commercial National. D. C. Exchange More Active. There was more activity on the Wuhln‘\‘on Stock Exchange today. Potomac Power issues came out at 110% and 107, 20 shares of Security Sa & Commercial Bank hands at 476, same as the last sale. 9. 1067, an 'rerm\ml Remnnung & ‘Warehousin| ‘The most uuve{nnfla ‘were I'I.lll'ly & Elec- ‘tric 4s, selling at 83, and Potomac Elec- tric Consolidated bs selling at 100% and 101. The newly listed Emerson's Bromo Seltzer class A stock was quoted 30 bid and 35 asked. PARIS BOURSE PRICES. PARIS, Jlnulry 21 (#).—Prices moved irregularly on the Bourse to- day. Three per cent rentes, 83 franes 65 eentimes; 5 per cent loan, 106 trancs 10 centimes. meuwml”filnfl.fl centimes. The dollar was quoted at Srance 46 centimes. - ~Prev. l High 5T% 118% 69 Abitibl P & P pf (8) v I W Paper... Alleghany Corp. 90 Alleg Corp pf (5% 354% 197 Allied Ch & Dye(n! ) 125 5% 201 604 6% 126% 96% 136 120 279% /1% 118% Allfed C& D pf (7). 354 Al Am Agricul Chem 18 Am Arglcul Chpf. .. 65 Am Bank Note un 5% Am Beet 3415 Am Beet § . 27 Am Bosch leuolo. 113 AmBrS&Fpf(7).. 41 Am Brown Bov Elec. 49% Am Brown B E pf(7) 86 Am Can (4). . Am Car & Fay (6) Am Chicle (12%). Am IceCo (t4). 29% Am International 90 Am Locomotive (8). 111% Am Loco pf (7 . 142 ° Am Mach & Fay 31% Am Metal (3). 64% Am Power & Lt (31) 20% Am Pow & Lt pf (6). 72% Am P&L pf A st (5). 28 Am Ra&Std San1%. 12% Am Republies. ...... 60 Am Rolling Mill (2). 44 Am Safety Razor (5) 17 Am Seating (2). 62 AmSm & Ref (4). Am Snuff Co (13%).. , 2 Am Snuff pf (6). 35% Am Steel Fdy (3). 99 Am Sugar Rfg pf(7) 18 Am Sumatra (3) 17 Am Tel & Ca (5) 4 193% Am Tel & Tel ( 160 Am Tobaceo (8 160 Am Tobacco (B) 114% Am Tobacco pf (6) 50 At Water Wks (n 97 . Am Water W 5% Am Woolen. . . 15% Am Woolen p! 4 Am Writ Paper ct 7 Am Zinc Ld & Sm. 49% Am Zine pf (6)...... 67% Anaconda Copr (7).. 25 Anchor Cap (2.40)... 18% Archer-Dan-M (2)... 75 Armour Del pf (7) 5% Armour J1I (A) 2% Armour 1l (B) 87 Armour 1l pt (7) 34 Asso Appl Ind u)‘.. 26 AssoDry G (2% 34% Asso Oil (2). 195% Atch T &S Fe (10) 99 Atch T&SF pt (5). 161 Atl Coast Line (11 126 Auburn Auto (§4). 3% Austin Nichols. 49% Austrian Cred (4. af R A (3). 4% Aviation Corp Del. .. 15 Bluwln.lm (.75). 109% Baldwin Loco pf (7). 105 Baltimore & Ohio (7) 55 Bang & Aroos (3%). 108% Bang'& Aroos pt (7). 20 Barnsdall, A (2). 100 B'trice Cream pf 45 Beech-Nut Pkg (3) 4% Belding-Heminway 75 Belg N Ry pt pf 5.49. 25 Bendix Aviation (2). 25 Best&Co (2) 1 116% Bethléhem St pf (7). 23 Bloomingdale ctfs. . 17 Bohn Al & Brass (3). 70 Bon AmiA (4). 53 Borden Co (k3) 26 -Borg Warner (1) 8% Briggs Mfg. . 17% Briggs&Stratton (?) 40 Bkiyn-Manhat (4)... 7 Brooklyn & Queens. . 44 Bklyn&Queens pf (4) 99 Bklyn Union Gas ( 16% Bruns-Balk-Col. . 415 Bruns Ter & Ry §. 26% Bueyruscv pf (23%). 107% Bucyrus pf(7).. 814 Budd (E G) Mfg 7% Budd Wheel (1). 25 Bullard Co (1.60) 21% Bulova Watch (3). 29 Burr Add Mch (80¢) . 105% Bush T Bldg pf (7)., 2 Butte Copper & Zinc. 50 Byers (AM).. 63% Calif Packing (4). 1 CallahanZine& L. .. 3% umet & Ariz (10). 25 Calu & Hecla (ad%) 45 Canada Dry G A (5). 185 Canadian Pac (10)... 27 Cannon Mills (2.30)., 17 Capital Adm (A).... 29 Capital Adm A pf(3) 90% Car Clin &0 sta (5). 130 Case (J I) (6) 58 Cavanagh-Dpf(6%) 31 Celotex (3) o 27% Cent Alloy Steel (2). 105% Cent Alloy St pf(7).. 52% Cerro de Pasco (6) 10% Certain-teed Prod. 18 Checker Cab (4.20). . 160 Ches & Ohio (10).... 42% Chesapeake Corp (3) 4 Chi&Alton. : 3% Chi & Alton pt. 15 Chi& East 11l 36% Chi& East Il pt 7 Chi Great Western 17% Chi Great Westn pf. . 16 Chi Mill St P&Pac 34% Cluett Pubody “).. 30% Cluett-Peabody pL(T) 101 Coe 10 Collins & Alkrman, 66 Collins & Alk pf (7). 27% Colo Fuel & Iron. . 65% Colo &Sou 15t pf (4) 52 Col Gas & El (2)..... 99% Col Gus & EIpf A(6) 42% Col Gas&E rets ptpd. Col Gas & Elec 24 pd. 16% Columb Graph (37¢). 8% 105 Columbian Carb (16) lfl 18 Com Oredit (2)... 28 Comm Credit A (3).., 70 Com Crd 1st pf (634) 28% Coml Inv Tr (£1.60). 20% Comm Solvents (1).. 10 Comwlith&Sou(60e). 11 Congoleum-Nairn 40 Consol Cigar (7).... 90 Con Cgrprpfx wék% 10 Consol Film (2). 16% Consol Film pf (2).. 804 Consol Gas N Y (4 45 Consol RR Cub p£($: Sales of Each lhck hll-l to 12:30 P.M. m idend Rate. Au..llun. Low. am Abiein Power & Pap. e, . e 5 12534 123% 125% 125 24 27% 24% 25% 25 2 2 1 nm 121% 108 ll’ 6 108 121% 3% 3% 30% 3% 90% 9% 56 6 36% 86% 36 a7 £9% 1013 39 305 3% 98 971 121% 3 9914 1 113% 113% 118% 114 3 215 5 44 3 1 % 424 101 216 44% b 215 4% 1 20 0% 2% 1 45 2124 44 1 4 32% 21 84% 60 20 1% 424 102 46 45 T 1 106% 106% 106% 106% 21 2 21% 208 26% 2 221 10 210% 14 213% 21 ek 26% 2674 218% 218% 210 210% 212 212 26% 218% 212 213% 1 120% 120% 1204 1204 7 93 2y 14% ,15% 91 16% 8% 78% '78% 8% 68 72y 70% 71 1% 1 48% 40% 43% 40% 2 2 1 30 3 B 13 2% 26 80 5% 2% 26 80 2% 284 80 4% 2% 1 61% 61% 61% 624 1 36 36w 361 36% 17 32 108 36 31% 31% 35% 35% 1% 26 9 2291 228 228y 226 1 1033 103% 103% 103% 1168 168 168 169% 2 T4% AN T4% Tl 3 37 10s 102 5187 1 3% 2 56 8 1 39% 4 5 3 38 30s 116 36% 37 102 102 182 185. 3% 3% 55 6 6 39% 3% A% A% 33 32 116 116 36% 104 181 4 60 5% 39% % 321 114% x um um n’u. uc'/. 10: llfi‘/. ]lfll‘ llOIA nnu 2 22 3 138% 14 14% 25 50 0% 65 36" 16 28% 65 10 54 54 138 138% 14 14 54 137 14 4 224 21% 21% 21% 3 24 5 67 10°199% 97% £ 200% 208 75 3 36 52 32% 10s 108 5 % 2 38% 1 211% 5 681 3 6% L 0 2 117 35% 42% 98 9 98 1 361 10s 93 66% 199 7% 97% 195% 200 4% 15 36 36 31 32% 108 108 60 60 60 1 1% 11% 11% 11% 38 38% 211 211% 65% 67% 6% 6y 8y 20 20 4% 14% 371 24% 42 4% 84% 116% 116% 58% 58N 35 42 98 9 98 364 75 38 3214 1081 60 37% 210 65% 6 % 18 44 13% a7% 24% 42% 85 117 59 922 2 130% 129% 139'/. 140 29 25% 21% 24% 21% 1 80k 80% 804 73 8 41% 508 1% 71 40 40% 1% 40 0% 70 7% 75% T6% T6% 1 105% 106% 105% 105% 2 6% T6% T6% T4% % Consol Textile . 12 Container Cor 26% Contl Baking A. 4% Contl Baking B. 9% Contl H.Ifln‘ f (3). 33 Contl Bank (1.20) 40% Contl Can (234)..... 20% Contl Dia Fibre (3). 46% Contl Insur (2.40) 5% Continental Motors. 18 Contl Oll of Del. 28% Contl Shares (1).... 70 Corn Prod (13%). 20% Coty Inc (g2).. 15 Crosley Radio (1)... 37% Crown Cork & Seal. . 71 Crucible Steel (k5).. % Cuba Cane Sugar. % Cuba Cane 8 pf ctfs. 13% Curt Wright Corp A. 21% Davison Chem 109 Deere & Co pf 141% Delaware & Hud ( oy 104 21 v 2 30 30 30 31% 108 119% 119% 119% 119% 16% 48% 68y l"'rt 15 174% 172% 172% 178 64% 24 Devoe & R. A (2.40).. 1% Dome Mines (1).. 54% 12 Dominion Stra (1,20) 126% 69 Drug Corpn (4) 119% 107% Dupontd N 2“% 150 Eastman Kodak (8. 171 18% 868, 100% 104% 83% 9% 18 50 3% 20% 8 56 4% 31 3% Eaton Axle &8 (3).. Rlec Auto Lite (6). Blectric Boat. El Pwr & Lt (1) B\ Pwr & Ltpf (7). Elec Storage Bat (6). Endicott-John (6). .. Eng Pub Serv (31).. Equitable Bldg (2% ) 41% ErleRR.... 56% Erie R R1st Df @) 15 11 20% Evans Auto Li($2%4). Fairbanks Co pt, 410 Fairbanks Morse (3). ufm lol % Fairbanks M pf (7). Fi 41% ‘ll 5 28 26% 47% 30 24% 83% 4% 2% 8 33 110 12% 19% 28% 82% 5 3 ki3 424 121 24 168% b5% 11 35 59% 99 8% 334 12 9% 20 99 50 80 10% 60 87 14 4 % 464 33 32% 19 86% 86% 28 14% 18 42 23% 26 12 £ 20 13 Fash Pk Asso pf (7). Fed Motor Tr (80c).. Fed Water Ser A 2.40 Federated Dept Strs. Fid Pho Fire 1(3.60). Fi So F TtR(l 60) Firestone T&R pf(§) First Nat Strs (2%). Fisk Rubber. Fisk Rubber 1st pf.. 60s Foster Wheeler (2).. 9 Fost Wheeler pf (7). 1 Foundation Co. Fox Film A (§4) Freeport. Texas (15) Fuller pr pf (18.68) Gabriel Snub A Gardner Motor. Gen Am Tnk Car (3 Gen Asphalt (4). . Gen Baking pf (8) Gen Bronze (2). 2 1 9 1 4 1 1 s s . h Park Asso (2% 2 0 3 4 1 J 4 2 9 3 4 208 Gen Clgar (4). Gen Electric (18, Gen Electrie (: Gen Elec spec (60c)« Gen'l Food Corpn (3) Gern: Gas&El A (te2). GenG&EIptA (7)., Gen'Mills pf (6).. Gen Motors (13.30) . Gen Motors pf (1) Gen Outd Ad vte (2). Gen Public Serv (b§) Gen Ry Sig pf (6). .. Gen Refactories Gillette Saf Raz(nb Gimbel Broth: 53 108 i 94 Goodyear Tire (§)... Goodyear 1st pf (7). Gotham Silk H (2%) Gould Coupler A Graham-Pai Granby Copper ll). . Grand Stores (1).... Grant (W T) (1) GUNctfsOP (IIK) E Grt North pf (5).... Grt North pf et {5).. Grt West Sug (2.50). Grigsby Grunow (2) Gulf Mo & North Gulf Sta Steel (4)... Hackensck W pf 1% . Hackenpf A (1%).. Hahn Dept Stores. .. Hanna (M A) 1st (1) Hanna pf (new) (7). Hartman Corp B 1.20 68% ' 5% Hayes Body... 45 60% 12% 13 45 4 26 34% 60 38 18 1“% 116 iflfi 5% 53 24 126 16% 17% 3% 25 13% 1% 68% 18% 25 20 9 ki 614 56% 12% 39 20 n7 1% Hershey Choe (5)... Hershey Choe pt (15) Hoe (R) & Co. Houdaille Her B (2). Housed F pf 3.12%. Household Prod(t4). Houston Ofl. Hud&Man Ry (3.§0) Hudson Manh pf(5) Hudson Motor (5) Hupp Motor (£2). Tilinois Central (7).. Independ Qil & G (2) Ind Motor 3 Indn Motorcycle pf. . 50 Indian Refining. Indian Refining ct Indus Ray (b5 %stk) . Inspiration (4). Insurance Shars 45c. Interboro Rap Tran. Intercontinental Rub Interlake Iron (1)... Intl Agricultural, 2»;...»:.2 52 Int Hydro EI A « Intl Match pf (4),... Int Mer Marine ctfs. Int Nickel of Can (1) Intl Pap & P A(2.40). Intl Pap & PwrC.... Intl Pap & Pwr pt(7) Int Rys,Cen A pf(§). Int Salt (6). Int Silver (6).. “Int Tel & Teleg @).. Investors Equity (2). Jewel Tea'(4). . Johns-Manville (3).. 25 Jones & Laugh pf(7) 80s Jordan Moter Car. .. PET TR = w3 908 108% ' 60 Kan City Sou ¥5). 70% 63 10% 1% 30 70 16 18% b n 50 4 May Dept Strs (n2). Kan City Sou.pf (4). * Karstadt (R) (1.02). Kaufmann)D 8 (1%) Kayser Juljus (4). .. Keith-Albee-O pf (7) Kelly-Spring Tire. .. Kelly-Spring 6% pf. 20s Kelly Spring $% pf. 170- Kelsey Hayes (2) ;nlvlnl!or Corp endall Co pf (6 Kennecott (5) Kinney (G R) pf Kolster Radio. . ) 1 Kreuger&Toll (1.34). 59 Kroger Gr&Bak(n1). 17 Laclede Gas ot (5).. 50 Lago Oil' & Ti Lambert Co (3).,.... Leh Port Cem (23%) . Leh Port Cm pf (1) Lehigh Valiey Coa Lehn & Fink (3) Libbey Owens (1) Liggett & My (15). Liggett & My B (15). Lima Locomotive. .. Liquid Carbonie (4). Loew's. Inc (3). Loft, Inc..... Long Bell Lumb A. Loos#-Wiles (2. Lorillard (P) Co. Loufsiana Oil. ... LouG & EIA (1% Ludlum Steel (2) McAndrews&F +2.85. McCall Corp (23). McGraw-Hill (2). MclIntype Pore M(1) McK'port T P (14% ) McKesson & Rob (2) McKes & Rbpf(33%4) . Mack Trucks (§). Macy (RH)&Co(nt3) Madi > [OTTPS - [PISTOTEOPIE -3 JOTH JOIVE- TIPS SOTOPY Manhat Elev gtd ( Marlin-Rockwl t4 Marmon Motor (4 Mathieson Alkill (2) Maytag Co pf (3 Maytag Co 1st pf(8). Melville Shoe (2). Mengel Company (2)’ Mexican Seaboard. .. Miami Copper (4) Michigan Steel (23). Mia-Continent P (2). Miller Rubber. Minn Moline Pwr Minn & St Loui T =TT P s T T PTPUSL S -—~OTN P Missour! Pac pt Monsanto Ch (g1%). Montgomry Wrd (3) . 21! Mother Lode (40¢) & Motor Products (2).. Motor Wheel (3). Maullins Mfg. ... Munsingwear (3).. . MurrayCor (b %ati) 195 195 195 39 192 Stock and Saies— Dividend Rate. Sales. High. "Nash Motors (§)- 25 Nn Acme (1% Nat Biscult (new). Nat Cash Reg.A(t4). Nat Dairy (32) . Natl Dept Stores. . Nat Distillers (2) Natl Pwr& Lt (1). Natl Radiator. . N Y Airbrake (3.60). N Y Central (8) NYChi&StL(6)... N Y Dock . ¥ Steam pf (6) Norfolk Southern North Am (b10% stk) North Am pf (3). North Am Ed pf (6). Northern Pae (5) North Pac ct (5). Northwestn Tel (3). Of1l Well Supply. Oliver Farm Equi Olivr Fr Eq pf A( Olivr Fr Eq cv pu:l Omnibus Corp...... 4 Orpheum Cir pt (8). Otis Elevator (6). . Owens 11 Glass(n4) . PacificGas & E (2).. 584 Pacific Lighting (3). 17% Pacific Mills. .. % Pacific Oil stubs. ... 13 oPackard Motor (1). 40% Pan-Am Pete B.. Paramount-F-L (3)., Park l Tll(ord lu) . 101 W B e 100 3 nwed » ONNA AN AD N 21 Patino Mines (3.89) Peerleds Motor Car Penick & Ford (1). Penney (JC) (2%). Penn Coal & Coke. . Penn Dixie Cement. . Pennsylvania RR(4) 126 EasMeruursr (). Pet Milk (1%4). Phelps Dodge (3)... Phila Co 6% pf (3). Phila & Read C& 1. Philip Morris (1). . Phillips Petrm (n2). Pierce Petroleum. ... Pillsbury Flour (2). 4 Pittsburgh Coal pt. Pitts& W Va (6 P Rican Am To (B).. Postal Tel & C pf(7). Prairie O&G (1234).. Prairie Pipe L (15) Pressed Steel Car. ... Pressed St1 Cpt (7).. Proc & Gamble (2).. Prophylactic Br(2). Public 8. N J (13.40) Pub Sve NJ pf (5). Pub Sve NJ pf (6)... 4 Pub Svc E&G pf(6) Pullman Corp (4)... Purity Bakerl, Radio Corp. Radio pf B (5)...... Radio-Keith-Orph A. 390 RRSecICstkC(4). 20 Raybestos Man 2.60. 136 # [ Reo Motor Car (. ID) . Repub Ir & Steel (4). Rep Ir & Stl pf (7)... Reynolds Spring.... Reynolds Tob A (3) Reynolds Tob B (). Rhing W El P (2.16) . Richfield Ofl (2).... Rio Grande Ofl (2).. Ritter Dent Mfg (13) Rossia Ine (2.20)... 3% Royal Dutch (a3.30). 904 ateway Stores(es). 85 Safeway pf Safeway Strs pf St Ju-nh Lead (13 101 4 25 23 s St L Southwestern. . Savage Arms (2). Schulte Retail Strs. Schuite Retail pf(8) BM- Seaboard Afr Line... 33 Sears Roebueck (33%) l!l Second Natl Inv.... Seneca Copper. Servel Ine. . Shattuck(FG) ("%) Shell Union (1.40)... Sh Uemevpt (5%). Shubert Theatres. .. Simmons Co (g3) Simms Pet (1.60) Sinclair Con Oil (2) So Por Rico Sug lll . Southern Cal Ed (2). Southern Pacifie (). Southern Rwy (8). Spalding(AG) (2). Spalding 1st pf(7). Spang-Chalfant. . lau Sparks Withngtn (1) Stand Stand 3 % United United United agaqdagdda wuuanlinn U 8 St Wilcox Wileox Yellow Dividend rates as Payments based on t) sUnit of trading 4% In stock. §Payal year—no res us 2% in stock. 6%% in stock. ( Splegel-May-St (3) Stand Brandes (13%). Com Tob (1).. Udt Stores pf. . U S Distributing. Pipe & Fdry (2). Pipe Pipe&F 2d pf 1.20 Realty (5).... Rubbe: Rubber 1st pf Smelt Ref (!%). Steel (7). Univ Leaf Tob (3)... Ra Util Pwr&Lt A (e2). Vadseo Sales Corp. .. Vanadium (14) Vick Chemical ( Virginia-Car Chem Vulcan Detinning. Wabash pf, A (5) Ward Baking pf (7). Warner Bros Pic (4). 560 War Bros P pf (2.20) ‘Warner-Quinlan (2). Warren Bros (19). .. Warren Fy&Pipe(2). ‘Webster-Eisen pf(7) 10s Wess Oil & Snow (2) Wutlrn Ma2dpt ern Pacifio pf. .. ngh Ald Brk(2). tinghse E&M ( tvaco Chlor (2).. Wextark Radio (2).. Wheeling & LE pf. . White Eagle Oil (2). White Motors (2)... White Rock M 8 (14) White Sewing Mach. % Willys-Over (1.20) Woolworth (2.40) Young Spring (3). Young Sheet & T (5). Zenith Radio........ RIGHTS EXPIRE AmRMills. .June 15 8 a‘ Col_Carbon..Mar 11 5 N Y Cent....Jan31 Rhine WEP. .Jan 23 Sales of Stocks on New York Sular Tate. bPayabl ePayable in cash or stock. hPI IPlus 8% nPlus 5% in stock. 21!: Bth «w. 40’& & El (3%) Stand G & E pt u) . Stand O of Cal (Z%] ling Sec A. Sterling Sec pf(1,20) Sterling Sec cv pf(3) Stewart Warn (j3%) Submarine Boat. Sun Ol pf (6) Superiof Oll. Superior Steel. . Sweets of Amer (1). Symington. . Symington (A) Telauto Cp (11.25).. Tenn Cop & Ch (1) Texas Corp (3).. B Tex Gulf Sul (4).... Texas & Pac (5)..... Tex PC&O (b10%). Texas Pac Land Tr. ‘Thatcher pf (3.60) The Fair (2.40) The Fair pf (7) Third Avenue Thompson J R (3.60) Tide Water.Asso 60c. Timken Det Ax t80c Timken Roller (3)... Tobacco Products Tobacco Products A. Toh Prod dv ctfs B. . ‘Transcontinental Oil Transue & W (1).... Und-Ell-Fisher (5).. Union Bag & Paper Union Carbide (2.60) Union Oil of Cal (82) Utd Afrcraft&T pf 3 Utd Biscuit (1.60). [P, » BepEa~SnnnBen o Cigar Strs pf. Utd Corporation. Fruit (4). Utd Gas & Imp(1.20) Utd Gas & Im pf'(5). Stores A. S st pf (1.20) - I 1pf (1) Frndunte mESonannta 3.3 ) .8 S . [YS- TIPS I 19PN ' Rich (A) 2%. Rich, B (2). = Truck & C. »eul olenmnonmorntennSa 12 148 10 284,600 1,448,600 iven in 1) latest 12:00 Noon. 2:10P.M... sbove table are the annual cash arterly or half yearly declarations. less than 100 shares. tPartly extra. iPlus le in scrip. {fPlus 9% in stock. aPald in_stock. “dPayable wi 0% in stock. gPlus in atoek. kPlus 3% Washington Ticker BY CLINTON COFFIN, Associated Press Financial Writer. Postmaster General Brown has re- minded Congress by & special report that his department, in addition to moving the mails, is also operating one of the Nation's largest banking insti- tutions, by reason of its acceptance of postal savings. Further, while the car- riage of the malls pretty regulariy in- volves a deficit, the handling of tl‘lle sayings system shows ‘up as regularly with a small but satisfactory profit. At the end of tmh:ndndey;::mu; ty of 416,584 a; positors, after paying 2 per cen interest on such wmnll of the total as was entitled to receive it, and all ex- penses, the system xhow.:a_’:‘n c?eruun( vrvflt m 1N te of ,892. Also, its managing officials Mr. Brown recommended ": lgtonpl;lhl *ha that th law be cl m\lhk‘fl mur.l: as $5,000 one account. At presen $2,500 is the limit the Government will take into savings, and in spite of the fact that in nearly every city of the United States there are private savings fustitutions paying much more than the 2 per cent the Government allows on savings, there were at the end of the fiscal vear 11,037 postal savings depos- itors who had to quit entrusting money to the Government because the lawful limit on their single account had been reached. ‘There is smlll doubt but that Con- gress will raise the limit as the Post- master General asks, since the postal savings system dsmnmtnbly nu ‘money from a class of tors who would otherwise hoerd cash, at mn risk to their savings and at some risk to the na- tional monetary system. The savings deposits of the Post Office Department are bullt up by that class of depositors who are willing to trust the Govern- ment and the Government alone with their savings. All funds that come into postal savings accounts are promptly re-deposited by the postmasters in banks of the community from which they arise, and thus the cash is kept in the general bank credit pool. There was a time when the pos States by the great speculative draft which was made on all forms of savings during 1928 and 1929 by the market ex- citement over security prices. The total of postal savings deposits this last year was nearly $5,000, ooo below the 1928 to- tal for the Middle Atlantic group alone, but the deposits in other parts of the country made up the deficit. In gen- eral, the 20 years since the institution of the postal savings syst has seen a Megmwth in the aggregate of sums 1o it, though there have been a number of years when withdrawals of savings from it have exceeded deposits. Congressional interest in the banking field has gradually accumulated a rather notabie list of suggestions for modifieation and amendment of exist- ing law. It is noticeable that dia- metrically opj the -uvtuwny o scope to the tendercy toward development of bnm:h banking systems have been set in bills. Representative l'.ron( Rcvub- lican, Kansas, iced & measure which 'ould make it unuvtul for one banking institution to hold dominating stock ownership in another or in sev- el‘lth-h'rl. lenh!ll\rmdflldlhfi Wl , Mfifll ,» Mary] , woul lish the same thing by imposing tax on the Inhntlu transac- Llou of ;ny blanl institution " of sul o’ either one of these meas- ur- 'ollld administer a severe check to the operations of several of the growing and importmt links of inter- state banking enterprise, Con to theu Proposals is the n ‘Bankers' Association by John H. Pole controller of the currens All three of the measures are sufficiently significant to furnish ground for the debate over hlnk!nt principles which has been impend Incmenmtve another ‘banking meas- ure, suggested by Re) reununve Steven- son, of South Carolina, is intended to increase the safeguards now thrown nuund national bln.k depositors. In um: i ‘bank ‘:’."n‘f.m"";fi deposiors le the institution in an amount double from has proved most bank difficult, and the Stevenson measure aims to require banks to tale out in- demnity insurance sufficlent to make the guaranty good. “In average failures of nltlonul Mnh such as we have years,” observed canuvnar Pole ol the Stevenson measure, “it has been possible to collect the double HIN.HW of stockholders of an insolvent institution only in about 50 per cent of its face value. is enforcement of the extra liability of bank stockholders is a difficult thing to accomplish at best. When any bank starts business the controller's cfilee is able to assure itself that the llockhol::il‘l of the nehvl enterprise are compe to_meet the obligation, but with the first open market sale of the stock and the alteral of the business status of lndlvldunu by time that assurance 9 5:@ read ownership of bank ltock luch ll ‘we have witnessed recently, Lmem that double liability of lers for the protection of de- :lllan is less enforceable. There may however, some difficulty in the way of insuring. s ptwcnon on the point.” Diamond l.lnpons into the " United swu for November, the last month for whicl records have become lvllhble. amounted to 71,000 carats, lumping both cut and uncut stones reprmnunl Just under $3,000,000 value ‘wholesale. mnnrycloumthz lV!l’ll' imports for the season, but the books are now being closed on the De- cember business of the same character. It seems probable, in view of the sharp shut-down in all of the diamond industry l\"flld which took pll:e ll.fl month, that the December imports will ‘mark & new ln-um- low. GKICAGO Dm! MARKET. CHICAGO, January 21 (#).—Butter —Firm; receipts, 12,885 tubs. Creamery, extras, 36: standards, 36%;; extra firsts, 34%; to 35)3; firsts, 325 to 3314: sec- onds, 302 to 31%. ' Eggs—Firm; re- cases; prices unchanged. Pnu!try—Allve. steady; reeeiph, trucks; prices unchanged. . FOREIGN EXCHANGE. e bt fon N 2 ndon, ris, frane ase 1% | cated a drop of more than 20,000 STOCKS IRREGULAR - IN NARROW RANGE Market Shows Little Evi- dence of Trend in Light Trading. BY STANLEY W. PRENOSIL. Associated Press Financial Editor. NEW YORK, January 21.—The Stock Market was still moving within a nar- row trading range today, and sho iittle indication of a pronounced in prices. After an irregular opening, prices dipped moderately when uu.ln’ pressure was renewed against some the popular industrials and specialties, but good buying support appeared and by early afterncon there was a prepon- deunce of net gains. ing continued in light volume, less than a milllon shares changing hands in the first two hours. Trade news was rather colorless in character. Preliminary estimates fi:::- rels in the daily average of crude oil production last week, with a sharp re- duction in prices. A ncelver Was ap- pointed for the Kolster Radio Co., Thares of whith wers heavily bought last year on the prospects of the manufac- ture of home television sets. Wall Street heard that the terms of the Re- public Steel merger would be announced within a day or two. Call money again dropped from 4'; to 4 per cent, with the supply plenmul and the demand light. There were no changes in other monetary rates. Lon- don dispatches indicate ‘that there is a 50-50 chance of the Bank of England reducing its discount rate tomorrow, and a change in the New York Federal Rulerve rate is expected soon. after- se!qztlve buying developed in the rail groups on the report of the Atlantic shippers conference that freight move- ment in the first quarter was likely to exceed that of the corresponding period last year. Atchison, Chesapeake. Cor- poration, Missouri Pacific preferred and Chicago & Eastern I'Illnoh common ad- vanced 2 to 3 poini Auburn Auto, Collim( & Aikman, ybéstos, Westinghouse Electric, Keith-Albee preferred, Abitibi preferred. Allied Chemical, General American Tank. International Harvester, Amer- ican Machine & Foundry, General Gas & Electric “A” and R. H. Macy advanced 2 to 5 points. Radio was under fairly constant pressure, but held within a couple of points of last night's closing price. 5 TREASUBY CERTIFICATES. ported by J. & W. Seligman & Co,) fi;fi.‘s‘-mmy‘ & * Bite 3%4s Sept. 3ias Mar. 15/ t. 18, 1933 Dec. i i3 15, 1932 R O SHORT-TERM szcmms. (Reported by J. & W. Seligm & Co. Aml-Chl ¥ Graca mn'm c-" do 66 Guif oul eT'p’ 55 551 Tnternat CMateh oo nat Maic 'ff 'y hillie et o nv.nn re A sosinu 97y, Crude Olwcl n i i % TRUSTEED SHARES ol " Ao erene T gk YIELD lnd OMWTH of Vesiments “or” mdlv‘!udnu;lg' ™ trust ] 3 o trus Tinds and funds of orsanizations: !-H in Lots—$100.00 Up Call or Write Standard Collateral Shares Corporation Woedward Bullding. Met. 8783 First Mortgage Loans Applications Tavitéd I Glover & Flather 1508 H St. N.W. National 1753 Take the “Guess” Out of Your Investment Wm investors are al- s llish” on our s First Trust Notes. hey know they bring a sound profit + + « they know they bring ahsolnte safety « « « they know they bring ce of mind ey know they guaranteed come regardless of the ticker tape. i 923 15th St NWw. OF ARyLAND o° National 2676