Evening Star Newspaper, November 23, 1930, Page 71

3 FINANCIAL. *NEW YORK BANKS INAMAZING GAINS Two Institutions Alone Now Have Resources of 160 Op- erating There in 1909. Bpecial Dispatch to The Star. NEW YORK, November 22.—Total capital of the 126 banks and trust companies now operating in New York aggregates $2,103,530,000 and de- ‘myu amount to $11,006,579,000, the ater sotal being equal tc spproximately one-f of the total deposits of all banks in na United States, according to an analysis of banking operations yrepnea by James F. Barry & Co. Two the Chase National and N-flnnl! City, now have aggregate re- | sources exceeding the combined re- sources of all of the 160 banks operat- in the city in 1909. h%'ht analysis further states that| whereas there was no “billion-dollar | ‘bank” in New York City in 1924, there are three today and the prediction is made that there will be a “five-billion- dollar bank” in 1935. The current capital of New York banks compares with & total capital of $628,851,000 in “2( and current deposits, compared a total of only $2,908,217,000 in “The greatest growth in New York banking has taken place since 1924, acoording to the analy: 5‘1:1 o "Th capital stock of 14 leading instituticns !np ased since 1924 from $194,500,000 to $579,725, M—l?proxtmahe!y 200 per cent—while us and undivided profits in the same period increased, 335 DEI‘ cent, from $242,800,000 to $1,056,- 5,000. Deposits advanced from $3,745,800,000 to $7,639,400,000° “Ten leading banks in this period lost their identity through merger into larger units. In 1924 the capital of these merged institutions was $85,000,- 000; surplus, $138,848,000, and deposits, ll /650,100,000. They included Equitlble 00 & Metals National Bank and Seaboard National, which be- came part of the Chase National Bank; American Exchange, now in the Irving Trust Co.; Hanover National, now in Central-Hanover; Na Bank of Commerce, now in Guaranty Trust Co.; United States Mortgage & Trust, now of the Chemical, and the Farmers & Trust, now with the National . More mergers of im- p\m‘.-nee are in the making. The trend hnkln; is toward fewer and larger units. “New York bn:hk: ux:ny l!:‘m in ‘: nmnnr position than at any time their history. Surplus funds on Sep- tember 24, 1930, the date of the last bank call, were equivalent to more than 173 per cent of combined capital as with' 136 per cent in 1909.” NEW INVESTMENT TRUST IDEA IS LAUNCHED '32¢ Bpecial Dispatch to The Star. NEW YORK, November 22.—A plan permitting the security buyer to run his own investment trust has been formu- | fra lated by a New York investment house. ‘The plan provides for the purchase of small odd lots of securities for invest- AUBREY J. VOORHEES, | Manager of the Aetna office here, who was re-elected president of the Insur- ance Club of Washington at the annual | meeting a few days ago. His annual report showed that the club is a thrlvln( organization. —Harris-Ewing P] CURB ISSUES SHOW FIRM PRICE TREND Market Recovers. Initial Losses, With Few Changes at Close. BY JOHN L. COOLEY, Associated Press Financial Writer. NEW YORK, November 22.—Curb prices tapered off today as traders took profits in stocks that had been prom- inent in the recovery, but declines during the first half of the two-hour session were fairly well recovered, and final prices showed little net change. Firmness of the industrials was no- ticeable. Swift International, American “B," rm.\'non"l d Mll;cl;l“l‘nd Limited worked narrow] er, :bhl;lde Aluminum of America whirled o “rPenters Eauipment - were B ‘Theaters lent were = ialties. Insunmréee Co. of North America lost a point. Utilities got back most of their early losses, which were only small. Electric Bond & Share trl#ed mveg, below M ociaten i A% 1iTted the price & point. American Super Power, Brazil- ian Traction, Middle West Utilities and United Light “A” declined in minor ctions. Oils were irregular. Standard of Kentucky was steady around its recent high for the recovery. Vacuum, how- down a point. Citles a shade lower, while Hum- Pennroad, which had profited by yes- m\h';nl move I.I: the ml’& .gpf’:dw:x/’e er investment compan: & i Shenandoah closed at 7, up %. Founders eased. —_— tetr| [INSURANCE NOTE RULING O S B STEEL OPERATIONS. NEW YORK, November 22 (#).—Dow, Jones & Co. that operations of Republic Steel will be af against 55 per cent th)l llm in dem..nd for pipe iving holiday account les. BY FEDERAL RESERVE ‘The Federal Reserve Board has mjed that the note of an insurance com the principal buxln.ul of w)\l!:h il the of fire, .un'L and casualty in- surance, is not eli for rediscount at & Federal reserve Such a note, the bolrd Held, fails to comply with one of the requirements of the board’s regulations as to eligibility for rediscount in that it is not issued or drawn nor lhre é‘u proeeedml c"’m\edm ‘irn roducing, purchasing, carrying - ng foods. Furthermore, in practical effect at least. it is not a note the pro- ceeds of which have been or are to be advanced or loaned to some other bor- rower. STOCK AND BOND AVERAGES B the Associated Press. SATURDAY, NOVEMBER 22. T i3 §588 (Copyright. 1030, Standard Statistics Co.) HOW IS BUSINESS? Showing Current Business Activity Compared With Same Week Last Year. -mmmmm-nmmmmmm = S5 Fo S * GENERAL BUSINESS ACTIVITY for the coun'.y indicated by bank debits outside New Fork City. Shaded areas show weeks of activity aboye the corresponding weeks of the | Brevious year. Black areas indicate declines frew same weeks 12 months earlier. ACTIVITY BY FEDERAL RESERVE Dll’l’llc‘l‘l. 356 111% 24% 28 118% 1 14% 5 8% 556%. 24 54% 20% 3356% 233 Com'with Edison (8), THE SUNDAY STAR, WASHINGTON, u O, MARKET TRANSACTIONS FOR | NEW YORK CURB ‘WEEK ENDING NOVEMBER 22, 1930. rast Weex This Year. 2,907,600 7.952.700 5% Bl 12% 11% :l%*- % Alr Inv Ine. vte. . Ala Great Sou (11 Alabama Grt So pf Pwr cum pf (7) k) k) 2% 2% % % 5% & %W ] 185 159% 1 108% 108% 1 150 105% Alum Co Am pf (6 3 Alum G'ds M (1. 161 16% Aluminum Co. Ltd. 3% 78! Alum Ltd cum pf 6) 96 Am Arch Co (3).. Amer Austin Car. Am Capital pr pf (5%).. Am Cigar Co . Am Cit PAL A (a3). Am Cit PAL(B) (b10%) Am Cmwith P A(b10%). Am Cyanamid (B).. Am Dept Stores. Am Dis Tel, NT ¢v BE(1) 110m 110% 1 Am Equities...... U 6% Am ForPwr war.. .. % Am Founders (b4-70)... 5% AmGas&El (31)...... 94% 85 106 Am Gas & E1 of (6)..... Am Inv. Inc. B.. Am Inv. Inc. war. Am Laundry Mach (4) Am Lt & Trac (2%). Am Maracatbo, Am Meter (3). Am Natural Gas. ... Am Superpowr (40¢).... Am Superpwr 1st pf(6). i Am Superpo pf (6).. 3 Am Thread pf (26¢c) Am Transformer (1.40). Am Ut&G (B)v.t.c.(35¢). Anchor Post F (b10%).. Anglo-Chilean Nit Appalachian Gas Arcturus Radio Tub. Arizona Globe Cop. ... Ark Nat Ga: : Ark Nat Gas A Ark N G cm pf (60e) Asso Dyeing & Printing. 4% Asso Elec Ind Ltd(30c). 17 Asso Gas & Electric. 5% Asso Gas & Elec ctfs 89 AssoG&EDf (5)..... 1% Asso Gas&El purrts. ... 16% Ass0G & E A (a12.40). 1% Ass0G & E deb rts 1% Asso Rayon... 38% Asso Ravon pf (6 . 19 Asso Tel Uttl (b8%) .. 60% Asso Tel&Tel (A)(17%) 5% Atlantic Coast Fisheries 5% 5% 118% Atl Coast Line (10)..... 118% 118% 1 % Atlant] woo% % 1 1% 5% Auto Vot'g Ma ev pr pt Aviation Corp Am. .. 25% 224 AxtonFT.A (3.20).... 38 36% Blbtox & Wileox (19).. 113 113 1 . 2% 2 Baumann (L) pf Bell Tel of Can (8) Bentley Ch Str (1.2 Buu Co (E W) (1) % B Blumenthal (8). Bohack (H C) (2 Bourjots, Inc.... Bower Roll Bear (1 Brazil Trac & Lt (b8%). 10 26% Bridgeport Gas Light... 58 Buffalo, N&EP pf(1.60) Bulova Wevpf (3%)... Bunker Hill & 8 (16%). Bureo, Ine. .. Burco, Inc, war. Burco, Inc'ev pf (3) Burma Corp, rets (t31c) Bwana M Kubw CoD.... Cable Radio Tub vte. Cabl & W Ltd. A rets Cabl & W Ltd. B rets Cable&Wire pf rcts 4 Carnation Co (J1%). Carrier Eng n-v A (1) Cent Hud G&E n(80¢) . Cent Hud Gas&El pf(6). Cent Pub Sve. Del Cent Pub 8vc A (a. Cent & Swst Util (b6) Chain Stor Development. Chain Store: k Charis Corp (18). Chat Ph Al nv (50 Chesebrough Mfg (1614 City S8av Bk Ltd (4.19).. 43% 434 Cities Service(g30c) 21 18% cit 90% 89k % % % Clark Lighter, A. %W Clev Elec lllum (1 8% 47 Cleveland Tractor M 84 Club Alumn Utensil 3 Colombla Syndicate. & 2% 2% 5% 15% 15% 113% 108% 1 & Columba Pict (£1%). Colum Pict vte (f13) 23% 22 249 249 2 1% Comwlith & Sou (war) 2! 2 2% Comm Wat Serv b§% g‘i Consoltdated Copper 5 Consol Dairy Produ 82% Con Gas of Balto (3. 2% Consol Royal O11(50¢c). 99 Contl Gas & El pr pt(7) 49 Contl Share cv pf (6). 21% Cooper Bessemer (3 4 Copeland Prod Inc Cord Corp....... Corp Secur of Chi Creole Petroleum Cresson Consol (4 Crocker Wheeler. Crown Cen Petrol Cust Mex Mining. Darby Petrolm new (1). Dayton Airplane & Eng. Deere & Co (£1.20)... De Forest Radio. DeHav.Alr 1td ret 50¢. Deisel W Gilbert (1%).. Derby Oil & Refin new) Driver Harria pf (1 Dubllier C & Radio. Duke Power (3+5) Duquesne Gas Cor; 1% Durant Motors 2 Duval Tex Sul. 19% East G & Fuel Asso. 14% . Eass Sts Pow B.(1] 8:'/' Eastern Util Asso W Eas 5% 98 28 98 114% 114% 114% % 2% £ 5% W 81 08% 16% 10% 7 5% 94% 105% 105% 5% 6 5% 18% ko) 5% 23% 36% 13 15% 13% 43% 20% 89% % % 48% M 3 % 2% 7 24 23% 49 2% % E) & 14 T+t 441 - £ R I+1 1441444 +1 44 204,286,145 Hi 443.902,670 Net Lew. Close. /' Ohge. ++ +1 3 e [ +|||.| I ++ 44+ 4 g E 3 +1+1 FULll+=++1+1+111 sre sefee®e® ' +1 Fhbb+ |+ 11 4+++ I L4441 44 +11+ ++ Lo SA SN E A =3 P41 T+1 1+ 444 ¥ » F t4++14+0 1) +11 - 2 [RREE ] + +++ | - FEEF ¥ L+t L - F EEF e dividend. Stock and 12 " Elec Pow Asso (1) Elec Pow Asso A ( 19% FI1 P& Loopt war.. 90% Elec P&L 2d pf A (' Y% 9 Elec'Shareholding (1 % 2 Empire Corporation 3% Empire Corp (war)... 82% Empire Gas&F em pf(7 Empire Gas&F cm pf(8) 81% Empire Pwr pt (14.60).. 10 Emp Pub Sve A (a1.80). 22% Emplyrs Reins(1%) % Engineers Gold..... 30 Eureka PipeLine(4). 8% Europe Elec, Ltd A(60c) 1% Euro Elec, Ltd deb rts. . % Evans Wall Lead. . 6% Ex-cello Air & Tool. % Fabrics Fins| % Fageol Motor. Fajardo Suga: Fall River Gas Wks (3).. % Fandango Corp.. 4 Fansteel Prod..... 5 Fedders Mfg Co (A). 2 Federated Capital. 11 Federated Metls (t1% )- 11 Flat receipts (1.25).. 3 Fiat Stk deb rts. . 19% Fire Assn Phila (1.60).. % 9% Wintkote Co (A). 100 Florida P & L pf(7) 1% Foltis-Fischer Corp. 184 Ford Mot,Can (A) $2.10. 25% Ford Mot, Can B (12.10) 10% Ford Mot, Ltd (37%e).. 2 Foundation For Shs. 2% Fox TheatersClassA. 6 Franklin Mfg Co. 3 Galena O1l Cory. . 14% Garlock Pack (1.20), 64 General Aviation. 1% General Baking.. - 27 General Baking pf (3)., 1% General Cable war. .. 9% Gen E Ltd rcu(ille).... 15% Gen Empire Corp (1)... 23% Gen Fireproof (123 ) 583 GenGas&Elecvpt B tl) . 1% Gen Laundry Machine. . 9 Gen Theat Eq w.i. 32% Gen Th Eqcv pf w.i.(3). 15 GenW W&EIA2)..., 8 Gerrad (SA) Co (1.50).. 9 Gilbert (AC) (1)....... 14 Gleaner Harv, new (2).. 58 Glen Alden Coal (8)..... 6% Globe Underwrit (30c). . % Gold Seal Elec new. % Golden Center. . # Goldfield Cunsolidat. 7% Goldman Sachs T C. 3% % Gotham KnitbacMch. 26% 9% Gramaphone rcts (20e). 90 65 Gray TelPS (12%) 44 23 Graymur Corp... 260 155 GrtA&P Teanv (15.25). 122 116% Grt A&P Tea pf (7) 31% 20% Great Lakes D D (1) 1% % Griffith (DW) A. 4 Groc Strs Prod v 20 Guardian F Assn (2). 76 Gulf Oil of Pa (1%) 6% Hall Lamp (60c). % Happiness Cand: 8% Hecla Mining (1 1% Helena Rubinste 5 Hollinger Gold (6! 13% Horders, Inc.... 26% Hormel (Geo) (2) ® FEF FEE P2 £F - ) #eFRs2d sxFe 2 seever ¢ EEEREEF Horn (A C) 1st p! 80% Horn&Hardart(2%) 12 Houd-Her cv pfA2% 3% Hudson Bay Min& 8. 69% Humble (2)... 23% Hydro EL Sec.(2). 2% Hygrade Food Prod.... 89% 111 P &L cm pf (6).. 87% Il Pwh & Lt pt (6).. 15% Imp Ol of Can (50c) 15% Imp Ofl of Can reg (50¢) 8% Imp Tob Can (35c)...... 21% Imp Tob Grt Brit (189¢) 21% Ind Pipe Line new (13).. 17% Ind Terr Ilu Ofl (A) 17 Ind Terr Illu Ofl (B) IndusFi ctfa(b10%) Indus Fin ev pf (7). 7% Inland Util A (1. . 36 Insull Invib1N15%),. 43 InsCoot No Aok (o). T4 Insurance Secur (70c). . 7% Intercoast Trade Co.(1). % Intercont Pete new. 50 Intercontents Pwr pf. Intl Holding & Inv..... P Hydro cv pt (3% 13% Intl Pétroleum (1) 2% Intl Product 23 Internatl Sup 34% IntU 5 79% Int Util pt pf (1) 2% Intl Uil war (ne 4% Interstate Equity 30% Interst Eq cv pf 5 Interstate Hose Mi 83 Interstate Power pt 1 Iron Cap Coppe: 6% Irving Alr Chu 64 Isle Royale (5 6% Isotta Fraschini 3% Italian Superpowr A 1% Ital Superpower war. 14 Jaeger Machine (1%). 8% Johnson Motor Ci % Jonas & Naumburg. & Kerr Laki 14 Kirby Petroleum 10 Klein (DE) Co (1) 16% Knott C Fes” 9 Kress (SH) sp pt (60¢) .. 35% Lackawanna Sec (4) 224 Lake Sh Mines (1.20) 6% Lake Superior Corp. 11 Lefcourt Realty (11.85). 19 LefcourtRity pf(3).... 27% Leh Coal & Nav new 1.40 % Leonard Oil. 29% Lerner Stores (2). 113 Libby McNelll & L. 6% Lion Ofl Refin (2). 12% Loe Inc deb rt: 3% Loew's, Inc (war). 20% Lone Star Gas (1), 31% Long Island Lt (56c) 100 Long Isl cu pf B (6). 13 FEF = » EF ® EFFE FIFEF % Louisiana Lan & Bx. 96% LaP &L pf (6).. 8% MacMarr Stores (1). 33% MangelStor: 36 4 Marconl Wire br sh 28¢ 31% Maryland Casualty, nes May Hos cum pf (4). 5% Mc Cord Rad & Mfg (B 56% Mead Johnson (143). .. 9% Memphis Nat Gas(170c) 27 Mercantile Stores(1).... 16% Mer&MfgSecA (1.560) 14% Mer Chap & 8(1.60) Mer Chap&S pf A(6%) 1 Mesabi Iron..... 23% Mesta Machine (2) % Met & Min Inc(1.20). essssFeas 12 wS=F =35 97 Middle 4 Midlan 16% Mid Royalty cv pf (1).. 16% Midland Stl Prod. n (2). % Midland United (war).. 50% Midvale Co (4). # Mining Corp of Can % Mo Kan Pipe L (b10%). % MissKPLv.te....... 10 Miss River Fuel bd rts. 108 Moh Hud P 1st p£(7) 101 Moh Hud P 2d p£(1). 20% Mohawk Mining (12 - FEFF 6% Mountatn Prod(1.60). .. 96 Mount 8t Pow pE(7)..ev 4% Municipal Serviice. 8% Nachman Spring. 6 Nat Amer Co. 3% National Aviation. 28% Nat Bond & Share(75¢). 4 f A7), ( b10%). Freeefs®Fa® oo Nat Pub Serv iA) 180) Nat Pub Sve B (1.60) " NatPScvpfwwilg. 1 104% Los Ang Gas & El pf(6). \"004-“ +HU I+ 440 | =="32 f i P AV I+ 0+ 44 ++ +I1+1 Pl +tts 141 ©n FEEE I LI+ *4%) B | +1 L EEFEESNL PSR P+t I++++++ +1 11 LI+ + HH T+ 1+0 L0+ b ++ ) I +41 )+ +44 FEF T+1+ + +++ @ ¥ OFE - 0 ERFELESE #¥F T TT et - L sE¥xx #¥ s e 5 FEF E FEEEE FF S Erssesses o FFEFE EF Fr srxeas 27 ¥ “Frrss EFEES ®F 3 1 1% 1% l'h ”|RA1LR - © F ERFEFEF FUREYE R ead =25 - EEF RES - - F FE £% ":: sxx 282”2 & a e EEE F2 NOVEMBER 23, 1930—PART SIX. Low. Stoek and dividend. 2 Nl\lhflm Pharm pf..... 2% Nebel (Oscar) . ll% NQhI Corp (1.30) Nelsner Bros pt (7) Nelson(Herman) (1).,.. Newberry(JJ) (1.10). ... Newberry (JJ) pt (1) New Brad Ofl (50c). New England Pwr (2) New Eng Pow pf (6).... 89 New England T & T (8). ua 52% NJ Zine (t2%)..... Newmont Mining (£4) Newport Co (2)........ NY & Hon Rolfll 37%). N Y Auction Niles-Bem-Pond (t2% Nipissing (30c). Noma EI Corp (8 Noranda Mines (2) Nordon Corp Ltd Nor Am Aviation A wa Nor Am Lt& Pwr(b8% Nor Am L & P pf (6) 4 NoAmSeo Util 1st pt(6 Nor Central Texas. . North & Sou AmCor | PA. Nor European 01 Corp. North Ind Pwr Sve (6) Northn Pipe Line(15). North Stat Pwr A(8) Nor States Pwr pf (6. Northwest Eng (2).. Novadel Agene (1314).. Ohio Bell Tel cum pt (1) pe: Okla Gas & El pf (7). Orange Crush (1. Outboard Mot (A, Outboard Mot B. Ovington Bros pt pf. PacG & E 1st pf (1%) Pao Pub Ser (1.30) Paramount Clb Mfg. Parke Davis (11.65). Patterson Sargent ). Pennroad Corp (20c). . Penn Gas & Elec (a1%). Penn Mexico Fuel (2). .. Penna Pwr & Lt p£(7).. Penna Water & Pwr (3). Peoples L&P (A)(a2.40) Petrol Corp war Philip Morris Inec, Philip Morris (A). Phillippe (L) B (11.80). Ple Bak of Am (A) (2).. Pierce Governor. Pilot Radio Tube(A) Pitney B Pos n(20c). Pitts & L E (110) Pitts Plate Glass (). Plymouth Ofl (), Polymet Mfg (bl%) .. Port Huron S&P (GD\‘) Potrero Sugar.......... Pratt & Lambert ({5, .. Premier Gold (24¢) Prlncn & White(25¢c) Whitelv pf3. Frod Royatty Gonp'(t1), Prudential I 3 Pub UtilHoldings (56¢) Public Util Hold war. Pub Util Hold xw (EDC) . Puget 84 P & L pt (5). - Puget Snd P & Lt pf (6). Pure Oll pf (6)......,.. Pyrene Mfg (80c). .. ). Radio Produets (2)..... Railroad Sh Corp(25¢) . . Railway & Lt 8 (15). .. . Raymd Concrete pf (3) Reeves (Dan'l) (1%) Relter- . D, . ity Corp pl('l 70) 4 Ruberold Co (: Ryan Conlo"dl(fl Ryerson (J) (2).... Safety Car H & L8). Safeway S w(2d)(C). + St Antony Gold. . 8 Salt Crlek Prod (2). Saxet Co. . Schiff (The) Co @). Schlettr & Zandr pf(l'fi) Schu! Seaboard Utllities (50c) Secur Corp Gen(40¢)... Segal L & Hwde(50c)... Seiberling Rubber...... Selec Inall ctfs(4%). Sel In 76% prior(5%). h a3) Sherwin Willms (H%). Sterra Pacific Elec pf(6) SillcaGelet........... FINANCIAL, 3 oy e 560 345 260 185 1 © S#‘ ||+|+|++H—++t+ 2sFrs 1+ ++1+ [RRE Stutz FHL UL+ H+8 1 ++ 4110 0++4+4 + - @ an amm IS FEFIEIF F FEFLEE 25 Fr e ¥s" FFe ] P ++ 1000+ ++ +++ " 2 "Frssss sFs = L4144+ Brsess Unit Vi FREFEREE PERELEFEE FUUTHL 0+ 44441 | L ++ I+1+ - FEFS I +i+1 ) +14 2558F Fer @ 2% F nual payment. hiein Sash o +++ 1000 ™ + Slngar Hf‘ (V 19%). Smith (A 0) (3). Sni Viscosa ret: Solar Refining. ... So Am Air Lines 1st pf.. South Am Gold&Plat. .. South Penn O11(12%)... So Cal Edis pf (B) (1%) Sou Calif Ed pt(C)(1%) Southern Corp. .... Southland Roy-uyunc) Prod. D Southwest Pen P L (1) Spanish & Gen rets Spleg-M-Stn pf(63%). Stand Invest Cuth pf. Stand Motors. ..... Stana Ofl of Ind (23§ Stand Oil of Ky ($2). Stand Oil Neb(13%). Stand O1l Ohio(2% ) Stand Oil Ohio pf(7 Stand Oil of Ohio (5. Stand Public Srv A. Stand Silver Lead Strauss Roth. Sunray O11 (10B) Swift & Co new (2 Swift Intl (13%). Syracuse Wash M; Taggart Corp (1).. Tampa Electric (32) Technicolor Inc. . Tech Hughes (60c). Tenn Products (f1). % Texon Oil & Land (14).. Thatcher Sec Corp. ..... Tietz (L) Inc (2.40)..... Tishman Real & Con. ‘Tobacco&Allied Stk: Todd Shipyard (4) Trans Alr Trans Trans Lux DL P S. Tri-contin’l Corp war. Tri Utllities (31.20)..... Trunz Pork Stores(1.60. Tubsize Chatel (B). Tung Sol Lamp (1). Twin St NG A pt 1) Ungerleider Fin Corp... Union American Inv o ion Oil Asso (j2). UnionTobacco. ... Utd Am Util (b2% %) ... Unit Car Fastener (60c). United Chem pf (3)..... 25 ited Elee Sve (1.41) . t El Ser pur war. it Foung (b2-35 sh) Unit Gas Corp. United Gas war. United Gas pf (7). Utd Light & Pwr A(1) Utd Light & Pwr B (1).. Utd Light & Pwr pf (6). Unit Milk Prod pf...... United Profit Sharin, Unit Ry&El of Balto U S Overseas ct (6%c) U S Playing Cards (4).. Universal Insur (3%).. Utah Apex (50¢) .. Utility Pw & Lit(; Ul P&L (B) clfllll)- Utllity & Ind.. Vacuum (t4%) Van Camp Milk pl. Van Camp Packing pf. Veeder Root (2%). . Venezuela Petroleum. .. 5% Vie Finan Corp(40c).... Vogt Mfg Co (2).. Waitt & B. A (2).. Waitt & Bond, B (1.20) Walgreen Co...... Walgreen Co war. 4« Walker (H) (1). Walker Mining (1%0) . Watson (JW) Co, Wenden Copper. Western Tablet&Sta (3) Westmoreland, Inc..... Wil-Low Cafeterias.... Wilson Jones (3).... Winter (Ben) “¥" Oll & Gas, Yukon Gold Co Peoples GL&C. ® Public Srv No Ill..Feb. 2 Dirrdend rates in dollars nn; on last quarterly or (I Eartly extra 380 TPRs"sBer Sont T stock Der_cent in stock. J Plus 3 pe in_stock. % ! in stock. m Fius 3 per cent 1h stock. o Piis per cent in stock. THEWEEKAN])YE | §: h. Low, 350 lMJ 141% 146 1 1 ki) 1 I+ 26% 4 ities 225" P rresd 2 = I+ 1+1++111)+ - o ¥ FrE ¥ otor + % - * 1++1 » Ersr +H 1+ 0+ 30 14% 101414101 ++ 7 4% Ll ++ © - a_mer ERE FEEEE £ SEF }'!‘;#SS‘ FRFEFEE 92% 29% 67% 9% 2% - T+t ivin o = EFEEEEF s FELFS s2"esr # rde Ext (2) ... +l++ o+ I+ FU® Frex FEFFEFF +l+’||(£+l#l| o +1 & ¥ Srm L33 Pi++t 1010+ - FrEEE + .Feb 2 13% L 1% 12 19% 19% ue 4 per cent in stock, o Ad) :Phu et cent Special Dispatch to The Star. NEW YORK, November 22—A 10- point average advance in 15 representa- tive railroad stocks from the low level of the month, with most of this taking place during the past week, is the first encouraging sign that has come into the credit m.ulflon o( t.he carriers since the public iscriminate against them on the wu ot poor earnings and an unpromising outlook owing to in- creased competition with other trans- rtation agencie: o this I.gvl.nce such individual gains have been made as 16 points in Atchi- Atlantic Coast Line and Ohio, 16 in Delaware & Hudson, 8 in Lackawanna, 7 in Erie, 5 in Great Northern, in Lehllh Valley, 12 in New York Central, 8 Pennsylvania & Reading, 11 in Sollthem Ptclllc. 20 in Union Pacific and 6 poin ‘Wabash common. ‘The swiftness and size of the advance led to some t-taking and a loss of & small part of the recent gains. ' Change in Sentiment. ‘There are a number of new influences that have effected the change in senti- ment toward rail stocks. Among them has been the realization that this group was selling on the highest income basis in years, with stocks whose dividends appear to be assured for a considerable period quoted from a 6 to cent return. Another is the develop- ment of & new attitude on the part of railroad man: unfair rate I chance that this will meet with sympa- M: attention from the commission, has already noted in an official wuy the decline in the earnings :‘n the the Western OAD STOCKS SCORE GAIN OF 10 POINTS IN FEW WEEKS favoring the railroad stock group is the pmspect for a better net showing by mnnyotmecarrhnin the final If this revesls ibfll lt ‘lfll be rmm the -cmmee of the roads in reducing uwl.r operating expenses to & um, as gross earn- ings last month and in November, to date, show a substantial decrease from those of & year ago, in spite of the fact that they are now comparing with a period in 1929 that had begun to re- flect business depression. EXECUTIVES OF COPPER FIRMS END CONFERENCE By the Associated Press. NEW YORK, November 22.—F. Pisart and Camille Gutt, Belgian Congo cop- mine executives, have sailed for ‘ope _after lerences of several weeks with American T producarl on the quufion of ¢ ld cop- per production. Neither would com- meAnt onkt.hz m;nht:nncu - week ago Copper Institute rec- ommended a curtailment of 20,000 tons in world production. In- 2% cents a pound to 12 cents, delivered, in the domeatlc price of the metal followed, and, although the large producers have held at that » concessions by dealers have been reported, some as low as 10% cen OFFICE WRAPPING OF CHRISTMAS GIFTS SPEEDED UP A saving of 20 per cent was only one of the advantages gained by Hale Bros., fation”of & contrél G-wrapping. doek a of a cen ~Wrapp! last Christmas. The 11 wrapping desks whkh were formerly scattered about the floor were concentrated in 1, where 22 girls were employed to handle all the details connected with the work. “Not only was this a real saving of space,” points out S. M. Keene, super- intendent of the Hale Bros. store, “but of personnel as well, since no messen- gers are needed to carry gifts to flu desk because each customer brings in person. Also, we do not hlve the complaints that we used to get when customers stood around the smaller counters and could not be sure that some one else was not being cared for out of turn. Boys at a big central desk upstairs wraj D‘; parcels for mailing, so that the whole operation of disp.u:h!n. gifts may be accomplished with one, ln- stead of many, waits. The cenu-u wrap desk I&L joins the millinery % ment, where business is nomuly low the nven,e during the holiday “season, and we found that, taking all things into' consideration, the use o! this plan saved us a full 20 per cent.” S e Ship Contract Awarded. NEW YORK, November 22 (#).—A contract for construction of cutter No. is the tenth of the lake class cutters for which con- tracts have been awarded. SUITE _.FOR RENT Suite of two large rooms, approximately 16x19 feet each, containing over 600 square feet. Southern exposure with four windows. Near elevator. Two double door entrances. Building owners will rearrange to suit tenant. Can be developed into three offices or two offices and recep- tion room. Attragctive average. On Fil TERR 729 15th 8t N.W: lluxldmg carrying service beyond the h Street near H.