Evening Star Newspaper, December 11, 1930, Page 13

- STOCKS ARE LOWER, " ON BANK CLOSING, : Decline in Market' Proceeds on More Orderly Scale. Leaders Supported. BY GEORGE T. HUGHES. &pecial Dispatch to The Star. NEW YORK, December 11.—The re- action of stock market to the closing of the Bank of the United States today was & further decline in prices, orderly and not on large volume, but fairly uniform, except for a few of the in dustrial leaders to which support was accorded The market had the news of the| bank’s closing before the opening and initlal quotations were predominantly lower. At the same time no large blocks appeared on the tape; that is to say, not large measured by normal standards. The general comment at the time was that the market had taken the news remarkably well. Decline in Rails. Later in the forenoon, however, prices sagged again and new lows.were reached in a large number of issues. The weak- ness was pronounced in the rails, but these had been going down a long time under discouraging selling caused by continued drops in car loadings and losses in net and gross income. Tax selling was a factor in this part of the list_also. New York Central opened at a new low, and before the day was half over such standard dividend payers as Nor- folk & Western, Pennsylvania, South. ern Pacific and Reading were at new lows. If such strong transportation systems as these four are unable to re- tain the confidence of investors, it is not surprising that stocks of roads of lesser rank should weaken. There was a thin market for indus- trial specialties. Fox Film “A” sold off sharply and in considerable volume. Johns-Manville went to a new low and 80 did J. 1. Case and Columbia Carbon. In most of these cases it was technical market conditions rather than éhanges in_the outlook for the corporations that affected prices. The utilities were heavily sold, with new lows for American Power & Light, Pacific Lighting and American Water Works among others. Of the standard industrials, Genetal Motors made the best showing, off most of the time fractionally. United States Steel, opening at 140, down a point, slipped back to within a fraction of the previous low, but met support around that level. American Telephone reacted 2 or 3 points, but held above its low. General Electric showed little rallying power. The market was nervous and unset- tled, with professional opinion divided as to the immediate outlook, but & unit on the proposition that long-term in- vestment opportunities for those who could pay cash for their stocks and dis- regard temporary fluctuations were more numerous than in years. Support at Opening. ‘Though the volume of trading on the stock market early today was the heav- Jest since November 12, prices held well in the face of such an adverse develop- ment as the closing of the Bank of the United States. There were only two large block sales and most of the declines in the active list were fractional. There was & partial recovery late in the first hour. United - States Steel opened at 140, off 1, dropped to 139!, and then re- covered to 140%s. This was typical of the market's movements. Money re- newed ufichanged at 2 per cent. Sales during the first half hour amounted to 425,100 shares against 242,600 on Wed- y. The ralls were the weakest group, with new lows being made by Baltimore & Ohio, St. Paul preferred, Chesapeake Corporation, Lackawanna, Missouri- Kansas-Texas, New York Central and Norfolk & Western. In the industrials, Columbia Carbon and Case Threshing touched new lows, but Case recovered to show only a frac- tional loss. Drug, Inc. was a weak fea- ture, opening off 134 points on a 6,000,- share lot, to a new low. Later it drop- ped further. Two weak utilities were | American Power & Light and American ‘Water Works, both at new bottoms. Standard Oil of California also hit a fresh minimum. Transamerica was off & small fraction to its lowest level of 1930; Motors held well. DIVIDENDS DECLARED NEW YORK, December 11 (#).— Regular. Pe- Pay-. Hldrs of Company. Rate. riod. able. record. Abverciombie PFitch Co pf. 1 Dee. 20 Ins 1 Dec. 8 rod . 1 Dec. 18 Amer Bk & Tr A (Rich) ... .. 3150 . 2 Dec.24 Am Dist Tel (N'J). 51 15 Dec. 15 Do BI....... i1 - 15 Dec. 15 Amer States Pub Ser A .. . . 1 Dec. 20 ngia Nat Corp A .50c 5 Jan. 3 nk's Sec (P 5 Dec. 31 Do "pf is 31 1 Dec. 15 1 Dec. 15 1 Dec. 1§ = faul .k & 1 Dec. 19 ase Brass - Der pf A-..... 3180 1 Dec. 20 Churehill House Cor.50c € Dec. 15 Cinn G & El pf A31.25 2 Dec. 15 N Bank & 5 $1.50 1 Dec. 20 .. 50c c. 31 Dec. 12 aee . 50C 2 . 19 Courier Post Co 7% pf. $1.75 2 15 Cuban T . $2 1 . 15 Do o, §1.75 15 troit Gas. & Mg 30c 20 m Rubber pf... $1.75 . 20 Duke Power..... . !l!b . 18 Erie Natl Bk (Phil) . §2 15 Exchange Nail Bank (Pitts) sase. el 3 Excn Tr Go.(Bos) I 133 20 . 13 26 0 0 4 4 9 0 e G} | 80c Title & G.. 33 Lawyers MacBeth-Ev T a : 0D OOOD OO DOD 5000 0O DOPOOOOOD POOCOPEOD COC DOOLOD DOOO © OOO COOXPOEEL 00 $0OODOO OOO O>0 £O: P O 15 - 18 S 18 s0c 20| 32 20 .24 Nat Equity Co Inc..40c 20 L5 20¢ 20 Neet Ing A c 18 Do ‘B e 0c 18 Peoples Nai Bk 9 Permutit Co Foh ¢’ 26 Philippe Louts inc PLA 4 .18 B 40c 18 c 20 Rockwood & Co'pi.. §2 .20 Becond Inter- Bec A.25c | 13 Do 1st pf T5e 1 Do 2nd pf S¢ 15 Bouthi Iee Co'pl A 1178 . 18 State Street Exch.. 31 | tearns (F) Co pf . ... 378 20 tockyards Nat Bk.60c 4 Thompsons Spa Inc 38 f. 150 . 10 Union Trusi (Ciev) .5 18 Union Trust (Prov). iz L 24 Unit Corp of Am pf 50c 20 Extra. Burma Corp....1 anna .. Eagle Ware & Stor..32 Exch Nat Bk (Pitts). $1 First Bk (St L) 25c Tr (Cleve). §3 RR. 310 FINANCIAE, - t:lu those designated by the xce) ;hln‘l’:‘ shows those stocks to be sold in odd Indivilual sales complled to 12: stocks are sold in one hundred-share lots letter & (80s) (250s) lots only. THE EVENING ,STAR, WASHINGTON, D. NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. :00—complete in 5:30 Edition. fares— Prev. ~Prev 1930~ Stock ant 3 High. Low. Dividend Rate. Add 00. High. Low. Close. Close. 424 8% Abitibl Pow& Paper. 8 9% 9 9 86% 36 ADILIBIP&POf (6)y 5 40 40 40 Bxp (1.60)... 71 16% 16 164 Exp pf (5)... 208 86% B86% 864 MilS (2).... 1 224 224 224 o 1 20% 20% [29% « 1 3% 3% 3% .« 10 W% % 91% Air Reduction (t4%) 20 99% 974 98% 36 9% Airway El Ap (60c).. 6 10 8% 10 214 % Ajax Rubber. IO T 45 Alaska Junemu....,, 10 614 64 6l 7% Allegheny Corp 39 ™M Tw. TH 3 185% Allied Ch & Dye(n6). 22 188 . 1824 186 26'% 121 Allled Ch& Dof (7). 1 123% 123% 123% 3215 Allis Chalmers (3) 15 34% 34 34% 15 Alpha Port Cmt (2) 8 154 14 14% 1 Amal Leather. s e RO 18 Amerada Corp (2)... 15 21 19% 20% 1% Am Agricul Chem 10y = 2 1% Am AgriChemectfs.. 1 1% 1% 1% 20% Am Agri Ch pf ctfs 2 20% 20% 20% 45's Am Bank Note (3)... 4 53 52 52 3 Am Beet Sugar. . « 1 3% 3% 3% 5513 17% Am Bosch Magneto.. 5 19 1R 18 54% 33% Am Br Shoe (2.40)... 10 33% 33% 33y 128 118 Am BrSh& Fpf (7), 30s 119% 119% 119% 21% 6% Am Browr BovElec. 6 9% 8% 8% 15615 107% Am Can (15). 265 111% 108% 111 150% 140% Am Can pf (7). 1147 147 - 247 8213 30 AmCara&Fdy(8)... B8 35 3414 116 75 AmCar&Fdypf (7). 2 84% 83 6974 32% Am Chain (3) e 1 344 3414 75% Am Chain pf ( 1 86 3614 Am Chicle (13) 13 38y 18% Am Colortype (2. 1 18 9 Am Com Alcohol. 8 10% R Am Encaustic (1).... 1 10 10 59 22'4 Am European Secur.. 38 20 20 101% 31% Am & For Powe . 81 32y% 30 101 80 Am&ForPwpf (). 1 80 0 33% 715 Am Hawalian (a10). 2 7% 7 34" 11 AmHide& Leathof. 1 114 69% 48 Am Home Pr (4.20).. 6 49% 41% 2714 Am Ice (14)... s 4 20% 55% 17% Am Internatl (2) 35 19 105 26 Am Locomotive (2).. 19 26 45 30% Am Ma & Fy (11.65).250s 35 14': 3% AmMach & Metals... 1 81 51'4 18 Am Metals&Min (1 6 18 119% 40% Am Power & Lt (r1). 10 48 107 95 AmPow&Ltpf(6).. 1 95% 891 79 AmP&L pf A st (5) 1 79 39% 17% Am Rad&Std San(1). 84 17% 37 7 Am Republics v 2 6% 100% 29 Am Roll Mill (n3)... 8 344 26% 65 AmSeating......... 22 7T 3% 1% AmShip&Com...... 2 541 38% Am Shipbullding (5) 110s 38% 7914 45 Am Sm& Ref (4).... 24 48% 103% 97% Am Sm&R2d pf (6).: 1 98% 141 181% Am Sm & Ref pf (7).2560s 132 221 2% Am Solv & Chem, 4 2% 524 24 AmSteel Fdy (3).... 8 26% 16 110% Am Steel Fdy pf (7).. 108 110% 55% 38 Am Stores (1234) 8 384 69%4 40 - Am Sugar Ref (5. " 20 5 Am Sumatra Tob. 274% 178% Am Tel & Tel (9) 127 99 Am Tobaceo (5). 130% 100% Am Tobacco B (5)... 39 104% Fdry (8).. 2 100 242% 108% 176% 80% e Fdy pf (7). 20s 55% Am Water Wks (3) 128 54y 515 Am Woolen......... 1 6 1 204 s, 520 44 AmZinc Lead & Sm.. 18 5% 32% Anaconda Cop (2%). 111 83 20 Anaconda W&C (1). 1 23% 28 Anchor Cap (2.40). 3 29 14% Andes Copper (1) 2 13% 15% Archer-Dan-M (3 3 15y 61 Armour of Del pf (' 3 70 2% Armourof Ill (A)uee 3 3% 1% Armourof Il (B)... 32 2% 25% Armourof llpf (1), 3 39 20 Asso Appl Ind (4). 6 28% 10 254 vl 91 176% Atch To& SFe (10). 12 179 171% 102% Atch To& SFpf (5). 5 106 106 113 AtlCoast Line (110). 4 116 115 36% AtlGulf & W1 (3). 31 38% 36% 18% At Refining (12). 24 19% 18% 49 Atlas Powder (43..., 2 49 48 97 Atlas Powder pf (6). 708 99 99 10% Atlas Stores (n1) 10% 83u 1% 18% 2 3% 19% Baldwin Loco (1%).. 51 22% 204 93 Baldwin Locopt (T). 208 964 95 65% Balto & Ohle (7). 53 65% 60% 75 Balto & Ohlo pf (4)., 2 5% 75 106% Bamberger pf (6%). 308 108 108 109 Bang & Aroos pf (7). 50s 110% 110 8 Barker Bros (2). 1% 11% 68 PBarker Bros pf (6 60 60 12% Barnsdall A (2) 13 12% 23 Bayuk Cigar (3). 28% 25 89 BayukCig1stpf (7). 20s 89 89 67'5 Beatrice Cream (4).. 7 70% 69% 101% Reatrice Cr pf (7) 1106 106 2% Belding-. 1 3% 34 14% Bendix Av 24 17% 16 31% Best & Co (2).. 11 38 36'% 56 Bethlehem Steel (6). 244 57% 55% 115 Bethlehem Stpf (7). 3 118% 1M 23 Blaw-Knox (1%).... 2 25w 25 15% Bohn Alum&Br(1%) 2 20 19% 1 Booth Fisheries. 2 1% 1 60% Borden Co (k3) 65 667 654 156 Borg, Warner ( 6 17% 16% 1% Botany Con M (A 1 2% 2% 12 Briggs Mfg Co. 76 15% 14w 15% Briggs& Strat (2)... 2 17 17 3% Brockway Mot Trk. 2 3% 3% 58% Bkiyn-ManTr (4)... 5 61 57% 84% Bklyn-Man Tr pf (6) 4 8T% 84% 8 Bklyn & Queens 2 8 % 53 BKIyn&QuTrpf(5). 2 85 55 99'; Bklyn Union Gas (8) 6 103% 102 11 Bruns-Balk-Col 2 1% 11 5% Bruns Ter& Ry 8.... 1 T T 13 Bueyrus (1).... 6 13% 12% 25' Bucyrusev pf (2%). 2 27 2614 6% Budd Whe 2 9% 9 31 15% 14 38 12 11% 22 22 20% 23% Bush Term 97 Bush Term deb (7)., 106 1154 108 110 11% 60 121 25 89 6974 Aos 3% 17 38 57 118% 25 2 254 24% 24% 108 100% 100% 100% 1% Butte Cop & Z (50¢).. 3 1% 1% 1% 10 Butterick Co, 12 10w 10 10% 37% Byers (AM)...eeuoe 21 40% 38% 40 47 Calif Packing (4). 8 4T% 47 47 % CallahanZinc& Ld.. 22 % % 32 Calumet& Arizona.. 11 36% 35 35 8% Calumet & Hecla §'¥9 - Ex e 10 Campbell Wyant 2 1% 1% 1% 34% CanadaDry G A (5).. 6 384 37% 38 39% CanPacnew (2%)... 25 40% 39% 40% 18% Cannon Milla (1.60).. 1 19 19 19 8 Carital Admin (A) 2 104 9% 104 86% Car Clin & Ohjo (4)..2008 86 85 8514 96 CarClin&Osta(5).. 108 98 98 9§ 924 C 1) (6)..,.... 103 94 L 93% 29% Caterplllar Trac(t4) 7 30 29 29% 2 Cavanaugh-Dobbs... 1 1% 1% 1y T% Celotex Co. 6 Th 6% 6% 6% Celotex votingetfs.. 10 7 6% 7 24 CelotexCopf.......100s 23% 231 23% 20% Cent Agujrre As13. 2 2214 22 22 24% Cerro de Pasco (4) 6 25% 24m 254 34 Certain-teed Prod... 1 3% 3% 3% ecker Cab (1.80) 3 19% 18 19 & Ohio 12%) B7 38% 37% 38% 39 Chesapeake Corp (3) 11 381 361 361 % Chic & Alton 4 RN 15 Chic & Alton p! 4 % et 5% Chic Great W 3 6% bW B% 2014 Chicago Grea 520 19 19 515 ChicMIIStP&Pyc.. 27 5% b4 b% 9% Chic MIIStP&PDE. 30 9% 9% 91 351 Chi& Northwn (4).. 21 36 34u 35 54 ChicRI&Pac(1)... 4 B56% 54w S4% 94 ChiRI&Pacpf (). 2 95 94 94 121 Chickasha Cotton Ofl 2 12% 12 1214 28% ChildsCo (2.40).. .. 12 28 278 29 14% Chrysler Corp (1)... 35 16% 154 16% 20 City StoresA (3%).. 30s 24 22% 20% 17 Clark kiquipment (2) 8 19 19 - 19 24 Clueit Peabody (3).. 2 21 21 -21 133K Coca-Cola (6) . . TI51 148 150% 481 Coca-Cola A (3)...... 3 b2 b1% 52 47% Colgate-Pal-P « 3 49% 49 49 97 Colz-Paim-Pof (6).. 1104 104 104 12 Collins & Alkman.., 2 124 124 12% 9% Colonial Beacon. . 24 10 9y 21% Col Fuel & Iron (1 3 225 204 21% 41% Colo & South (3) 20 42 42 42 32% Col Gas 42 33% 33 334% 99 Co!Gas& ElpfA 5 104% 103'% 103'4 9% Colum Graph (a%).. 38 9, 9 D% 81% Columbian Carb (t6) 29 82 79 ' 82 16% Comm Credit ¢2).... 3 19 17% 19 31% Comm Credit A (3) 4 31 30% 30% 76% Comm Cred Ist (6%4) 50s 831 837 83 25% Com InTr (g1 60)... 8 25% 25 254 3% ComInvTrwarsta. 1 315 315 3 14% Comm Solvents (311) “37 164 15% 16% 7% Comwlth & So (80c). 252 8% & B8 90% Comwlth & Sopf «6) 2 931, 93% 931, 7% Congoleum-Nairn 8 M TN % 18% CongressCigars«4). 1 23 23 23 21 Consol Cigars (8) .. 2 27% 27 27 58 ConsolClgprpf6%. 20s 58 58 58 12% Consol Fllm (2)..... 6 13% 13 i3 16% Consol Fiimpt (2).. 3 1Tis 17% 17% 81% Consol Gas N ¥ (4).. 133 84% 81% 83% 99% Cons Gas N Y of (5. 12 102% 102 102 % Consol Textlle, 10 % i ~Prev.1930— Stock ana Sales— High. Low. Diviéend Rate. Add 00. Hizh. Low. 214 111 Container A (1.20)... 4 11% 11 8% 8 ContainerB . 1 2% 2y 5214 17% Contl Baking A. 3 201 191 7 214 Contl Baking B, 4 2 2w 94% 664 Contl Baking pf 4 0% 70 71% 441 Contl Can (21§) 10 4TH 465 37% 101 Contl Dia Fibre 4 12w 1% 77% 89% Contl Insur (2.40) 2 48% 41 84 214 Contl Motors. 433 30% 10 Contl Ofl of Del. . 95 10M 104 40% 10 Cont) Shares ¢1). 6 111 11% 111% 72% Corn Pr Ret (14%).. 25 761 75 33 9 Coty Ine 7 9% 9% 35% 25% Cream 2 284 281y 29% 9 CrexC 2 16 16 22 54 Crosley 6 54 6 59% 33% Crown Cork (£2.40).. 2 33% 331 93% 52 Cructble Steel (k5) 5 634 511 117 103% Crucible Steel pt (7). 408 104 1031 7 1 CubaCane Prod 3 1% 1y 70 40 Cuba RRpf (6).....200s 381 38% 66% 30 Cuban-Amer Sug pf.. 50s 33 33 48 38% Cudahy Packing (4). 14% 2% Curtiss Wright Corp. 19% 4 Curtiss Wr Corp A. 90% 39% Cutler-Ham (3%) 43% 15 Davison Chemical. 2415 20 Deere & Co pf (1.40). 181 134 Delaware & Hud (9). 163 78% Del Lack & Wn (7). 255% 170 Detroit Edison (8). 42% 12 Devoe & Ray (1.20) 30% 12 Dom Stores (31.20) 1 87% 61% Drug Corporat (4)... 147 431 7 DunhillInt(1)...... 1 T 7% 145% 83 DuPontde N (14.70) 131 86} 3% 123 1144 DuPdeNdebpf (6). 10 117% 117% 151% Eastman odak (18) 20 154% 151 11% Eaton Axle&S(3).. 6 4% 14 2% Eitington-Schild. 2 % 4% % 33 Elec Auto Lite (6)... 41 50 47 110% 1034 El Auto-Lite pf (7).. 30 110 110 9% 24 Electric Boat....... 4 24 2% 103% 371 El Pow & Lt (1)..... 124 40% 384 102 87 BlPow&Ltpf (8)... 2 90 8915 112 100 ElPow&Ltof (1).. 1101 101 474 ElStorage Bat (6)... 3 bals 53% 1% Emerson Brant (A)os 2 1% 1% 367 Eng Pub Serv (2.40). 3 42 40 /9% Eng PubSvof (5%). 1 90 90 32 1q Offic Bldg (2%) 1 1 4% Falrbanks Co pf. . s 22 %airbnks Morse 1.60. 1 315 Fash.on Park Asso.. b 0% 15% 53% 39% ] 2 35 14 46% 22 16% 201 85 50 1 an 63 28 100 % 10 27 441 1% 464 4% 48 80 324 40% 89 1% 92% 5 87 15% 56 5% 40 14% 254 58% 4 Jordan Motor Car. ¥ 16% Fashion ParkAs pf.. 10s 90 514 Fed Lt & Trac pf (8) llU; Fed Motor Tr (80¢).. 10 2 Fid Ph Fire In (2.60) 4 Filene's pf (6%)....1108 Firestone T & R ( 2 Firest T & R pt (6) 2 First Nat Strs (2%). 7 Fisk Rubber. 50 Fisk Rubber 1st pf.. 50s Florsheim Sh A (3).. 17 Follansbe Bros (1). 3 Foster Wheeler (2).. 12 Fourth Natl Invest.. 10 Fox Film (A) (4)... 43 Freeport Tex (t6)... 16 Fuller pr of (17.94).. 60s Gamewell Co (5)....1508 Gardner Motor. 2 Gen Am Investor: 2 Gen Am T'k Car (34) 21 Gen Asphalt (3). 9 Gen Baking pt (8)... 10s Gen Bron: 1 Gen Cabl 2 Gen Cable A. Gen Electric (1.60).. 376 Gen Elec spec (60¢). 1% Gen Food Corp (3).., 50 Gen Gas&E] A(e30c) 35 GenG&Elevpf (6). & Gen G & El pf A (8), 208 Gen Ital Ed (a Gen Mills (3). Gen Mills pf (6). Gen Motors (13.30 Gen Motors pf (5). Gen Outdoor Ady.. Gen Print Ink pf (6). Gen Pub Sve b6 % stk, Gen Ry Sigpal (5). Gen Realty & Utl. ‘Gen Refract (14%) Gen Theatre Bquip. . Gillette Saf Raz (4). Gllletté Saf R pf (5). 62) Goodrich BF pf (7), Goodyear Tire (5)... Gotham Silk Hoslery Gould Coppe: Grabam- Palg Granby Consol (2). Grand Unlon.... Granite City St (3) Grant (WT) (1). Gr North pf (5)...... Great Not Ore(t234). Great Western Sugar Grigsby Grunow. Gulf Mobile & Nortl Gulf Mob & N of (6 Gulf States Stéel Hahn Dept Stor! Hahn Dept 8 pf (8%4) Hall (WE) Pr Co(2), Har Wk Ref (12%).. Hartmah (A) (2) Hartman Corp (B) Hav Elee Ry pf (6) Hayes Body Hershey Choe (5).... Hersh Choe pf (16) Hollander Sons...... Homestake Min(18) . Houdatlle Hershey. . Household Fin pf (4) Houston Ol (b10%). Houston Ol (new).. Howe Sound (14%).. Hud&Man Ry (3.50). Hudson Motors (3).. Hupp MOtors. «e..ve Illinois Central (7)., Iliinols Cent pt (6) Indian Motor Cycle. . Indian Refining Indus Rayon (4). Ingersoll Rand (16). Inland Steel (4)..... Inspiration Copper. . Insurance Sh (46c).. Ins ctfs (Md) (80c).. Interboro Rap Tran. Interlake Iron (1). Int Agricultural. Intl Bus Mach (D! Int) Carriers (25c) Intl Intl Combustion. Intl Harvester (2%). Intl Hydro E1 A (e2) Intl Match pf (4).... Intl Mer Marine (2). Int] Nick of Can (1). Int Nick Can pf (T).. Intl Paper pf (7). .. Intl Paper & Pwr A.. Intl Pap & Pow (C).. Intl Pap & P of (7) Intl Printg Ink (2344508 Int Rys Cen A pf (5). Intl Salt (3).... Int]l Tel & Tel (2). Inter Dept Stra (2).. Int Dpt St pf xw (7). Investors Equity (2) Johns-Manville (3).. Karstadt (R) (1.03).. Kayser Julius (2%). Kelly-Spring Tire. .. Kelly-8pring 6% pf.. Kelly-Spring 8% of. 1008 4 Kelsey Hayes (2)... Kelvinator Corp Kennecott Copper (2) Kimberly-Clark (13) Kinney (GR) pf (8). Kolster Radlo. Kresga (SS) Co Iresge Dept Stores. .. Kre=s (SH) Co (pl). Kreug & Toll (1.60). Krog Gr & Bak (n1).. Lambert Co (8). Lane Bryant (2).... Lehigh Port Cmt (1) Lehigh val (14%).,. Lehigh Valley Coal.. Leh Val Coal pf (3).. Lehman Corp (2). Lehn & Fink (3) Libbey O Ford G Liggett & Myer (15). B (16). Lig & My Pow pf (1):110s < 16% 1 ¥ s e i HIBBS CELEBRATES HIS G6TH BIRTHDAY Dean of District Brokerage Fraternity Has Had Inter- esting Career. William B. Hibbs, founder of W. B. Hibbs & Co., is celebrating his sixty- sixth birthday anniversary today. The dean of Washington's brokers is in ex- C., THURSDAY, DECEMBE 3 R 11, 1930; ILIST OF CHAIN STORE 33% cellent health, after watching the beats of the Capital’s financial pulse for half a century, and looks very much younger than the ‘calendar says he is. Mr. Hibbs has had a most interesting | career. He is a Virginian, born at Gor- donsville, Va., on December 11, 1864. His parents were not wealthy and dur- | ing his boyhood days he delivered news- papers in Washington. His paternal grandfather came to this country from ReaSSarp XS RO G BRSO NN 5 i 1 1 46 1 10 10 16 7 20 10 3 T4% 3% 1 110% 110% 2 214 14 3% 2 46'% 4 2 3 14 1 172 2117 116 208 39 384 6 64 6 5 -3 21 10 3614 17 408 46 1 36% 179 22% 2 16% 408 60% 5 6% 55 52 i % 1 ™ 8 15 5 115 208 2! 201y 81y 24% 4 1 269 85 5 78 6% 2 18 18 1 1% 4% 1 50 494 4 % W L 3. 17 33 56 554 126 24 2 12% 12% 1 82 82 30 82y ' 81 1133 133 2 24 23 1 33% 38% 2 474 45 " (Continued on Page 1) A 8114 133 2318 334 45 85 174 154 14% 4% 49% 107 2% 40 8954 1005 541 1% 42 89% England well over 100 years ago and | his father was the first white child of | English parentage born in this city. After getting his education in the | schools here, Mr. Hibbs found he had a liking. for the brokerage business and after a large preliminary experience, started W. B. Hibbs & Co. in 1889, hav- ing been at the head of the firm ever since. During the World War, in addi tion to attending to his brokerage busi- ness, Mr. Hibbs was an active member | of all the Liberty Loan Committees and | rendered valuable service to the Gov-| ernment. - Leader on Local Exchange, Mr. Hibbs is a trustee in many in-| stitutions, a thirty-second degree Ma- son and a member of several m.hcr‘ fraternal orders and clubs, such as the | Racquet, Alibi and Chevy Chase. For | many years he was the most active trader on the Washington Stock Ex- change, always being willing to make a market for a stock when business was a bit slow.” He is a former president | of the exchange and has served on the board of governors more years than | can be counted on the fingers of both | hands. Nowadays he spends quite a little of his time at_his country estate in Leesburg, Va., which is one of the show places of the Old Dominion, Asked to make a prediction regard- ing the business outlook for 1931, Mr. Hibbs declined to. tell just what is going to happen. He thinks it an in- opportune time for stock market fore~ casts, belleving there are too many divergent interests at work at present to make any prognostications accurate or wise. Yet he is highly optimistic | on the long pull outlook. He is just | as sure' as day follows night that good | times will follow the present national | and world depression. | Sees Steady Progress Here. “The picture, so far as Washington is concerned, is a different proposition,” Mr. Hibbs declares. “Nothing can stop | 33% 17% 7 49 5% the progress of Washington except the | complete collapse of the Nation, and | that is an impossibility. I have wit- | nessed the growth of this city for over | half a century. I have viewed the mar- | velous expansion that has taken place, | especially in the last decade. Wash- | ington is destined to move forward in | population and in wealth, which, of course, means that it will provide bet- ter and bigger business for its mer- | chants and more employment for its | citizens. “We may not advance as rapidly in ,l 1931 as we could wish, but the city and its business will go forward, and that is the bright spot as I see it,” Mr. | Hibbs concluded. In. commenting on the New York | stock market situation at the time of the last big break, the veteran broker | asserted that over 90 per cent of the | ple who lose money in Wall Street | e it because of overextension of their accounts. Chicago, Burlington & Quincy. NEW YORK, December 11 (#)— | November net operating income of the | Chicago, Burlington & Quincy Rail- | road is estimated at $1,660,000, Dow, | Jones & Co. reports, compared with | $1.811,081 in November, last year. | financial W. B. HIBBS, district for half a century. He is optimistic regarding the future. CHICAGO DAIRY MARKET. CHICAGO, December 11 () Receip extras ( score, c: (90-91 score), 26a26 Eggs—Receipts, prices unchanged. REAL ESTATE LOANS Made at Low Interest Rates TYLE ty on for 3, 5 1520 K St. —Butter ts, 3,703 tubs: easy; creamery. 92 score), 32: standards (90 ar lots),” 307%; extra firsts score), 30a31; firsts (88-89 27145a28; seconds (86-87 score), 2433 cases; steady; RD ell located business propertl r 10 years, if so desired. N.W. National 0475 R & RUTHEREO tions invited on _bij s and dwellings, o stu eve arr: rea tior No per: I bus Advantages Shoreham k] operation. Rapid elevators, under courteous conductorship, competent janitor atten- thing spick - and - span. —but under the gonstant supervision of the super- intendent — who makes ing. Inspect the . available space suited to your re~ quirements. MSKEEVER £ GOSS%: Representative of the Owners SHOREHAM INVESTMENT COMPANY Rental Office Room 520 L Building Service addition to a per= fectly designed building—which has died efficiency ‘from ry angle of plan and angement — there is 1 SERVICE in its n that keeps every- t left to routine rules sonal inspection. t'll be a pleasure to do iness in such a build- 15th at H National 5643 “SHARES IN AMERICA® Sponsored by W. A. Harriman & Co,, Ine. Chathom Phenix Na- tional Bank and Trust Company, Trus Shar Recommended andsold by leading banks and investment dealers. Chicago Denver selected a likely—on the basis of past and present leadership and prevailing trends—to domi spective fields the business davele opment of the future. IVERSIFIED TRUSTEE SHARES Present Opportunities The investor, wishing to take ad- vantage of present opportunities to purchase high-grade common stocks at bargain prices, will find in Diversified Trustee Shares, SeriesC, an advantageous method of apportioning his investments among a broad and balanced list of outstanding common: stocks. The fifty stocks comprising the portfolio of Diversified Trustee es, Se Werite for descriptive circular American Trustce Share Corporation 39 Broadway, New York 24 1700 Eye N.W. WE RECOMMEND— SERIES llCII Next Dividend Coupon due December 3lst. Shares will sell ex-dividend December 16 INCORPORATED WAGOAMAN, BRAWNER I': Co. i i ies C, have been our opinion, most ate in their re- Los Angel The Me. 3860 ‘Hem‘l of the brokerage firm by that! name, who has been active in the local FINANCIAL, STOCKHOLDERS DOUBLES Speclal Dispatch to The Star. NEW YORK, December 11.—A sur- vey recently completed by Chain Store Review reveals that chain store stock- holders virtually doubled in number during the last year and that “owner- ship of the national chains gradually is being distributed among a broadening list of stockholders in every State in the Union.” Compared with its 1929 survey, when itvwas found that 31 leading chain store companies had 158,449 stockhold- ers, the new survey discloses that the same companies at the end of 1930 have 272,808 stockholder: Money on Hand to Loan oa First Deed of Trust 6% Interest JAMES F. SHEA 643 Louisiana Ave. N.\ Girl demonstrdtors of cars were & | feature of this year's London auto CAPITAL WANTED FOR EXPANSION Opportunity for Exceptional Income Reliable party or parties in position financially to handle immediately all B e A SR I a i K25 L pd of $250,000 Company with headquarters here stock issue, and a man- | d;n?dx b(\iulmu eé”"hm'v.‘r’:'mfw'fi SR fov the ines || dividend, earned more - than twice ager for the business, of || after stiong reserve and expenses, a company with enor- ants additional uplm‘ l«g expan- A raleh sion, with prospects of increasing mo u s money-making dividends. No_ funded or floaf possibilities, © |] indebtedness. Share in control. In- vestigation invited. o Address Box 22-E, Star office. § First Mortgage Loans On. improved Real Estate in the rict of Columbia and nearby Maryland and Virginia for 3, 5 or 10 year terms on your 5%% RANDALL H. HAGNER & COMPANY MORTGAGE LOAN CORRESFONDENT Apartment Business Property New York Life Insurance Company ‘1321 Connecticut Ave. Decatur 3600 Z % Up o $300 Under State Supervision This Holiday Season Naturally Brings a Host of Bills It is not necessary to begin the New Year burdened with financial eares . . . for we can consolidate your debts into one, and allow you to repay us in small monthly payments . . . arranged to conform with your income ., . without the embarrassment of securing endorsers. 7 % . Our Service is Personal and Confidential, and additional information will be cheerfully given. People’s Personal Bankers, Bethesda Personal Bankers, Inc. Inc. 3308 Rhode Isiand Ave. 6982 Wisconsin Ave. ainier, Be , Md. Phones: Myattsville 17761771 Phone Wisconsin. 4378 Public Small Loan Co., Inc. Maryland P'h":"l Bankers, Yo i 3 8405 . St Bt Fhoer Sheonerd IS | | FUNDAMENTAI. TRUST SHARIS A FIXED INVESTMENT TRUST Bank of Manhattan Trust Company, New York City, Trustee Series A Series B ~CUMULATIVE TYPE DISBURSEMENT TYPE 3 PRty Offering participation in a de- Ofl"?nng participation in a de- positedbunit composed of the posited unit composed of the t eommon stocks of 40 leading common stocks of 40 leading American industries together American industries. with a cash reserve fund. Interest is allowed by the Trus;n on cash accumulations in the case of Series A units and on both reserve fund and cash accumulations in the case of Series B units and is credited monthly to the units. Each Fundamental Trust Share represents 1/1000 participating interestin the following group or unit of common stacks deposited with the Trustee: SHARES COMPANY UTILITIES American Tel. & Tel. Co. Columbia Ges & Electric Corp, Consolidated Gas Co. of N.Y, Electric By Share Co. SmARES COMPANY. INDUSTRIALS Alr Reduetion Co., Inc. Allied Chem. & Dye Corp. American Can C T ot o Mo o EA . ;K" A 0. General Electric (< Foods Co Atchison, Topeks & 5. F. Ry. Co. ational Harvester Vork Central R_R. Co. H}?‘"ffll’:&'{ OtisElevator o, - Paramount Publix Corp. i G Wesiinghouse Eisc. & Miy, Co. ' Fundamental Group Corporation, Depositor "PRICE Series A {aki' 1$7.50 pershare Series B { kit } $8.25 per shave Fully descriptive circulars furnished on request E. A. PIERCE & CO. . Members New York Stock Exchange Transp&uation Bldg. ‘Washington