Evening Star Newspaper, December 11, 1930, Page 14

.FINANCIAL. THE EVENING 11 A14 ws CAPITAL TRACTION REVENUES SLUMP, \ High. Low. 1930. FINANCIA | STORE SILES OFF STAR.. WASHINGTON. .-D. C., THURSDAY, DECE.\!BEI? NEW YORK STOCK EXCHANGE | BONDS IRREGULAR IN ACTIVE MARKET| . Lib 1st 43%s. Sales. High. Low. Close. 88 98 6w 9TH 4% 14% 4% 108 108 108 105% 105 105% (Continued From Page 13.) Stock and Sates— Prev. dend Rate. Add 00. High. Low. Close. Close. ~Prev.193 Prev. ien ow Close. Close. 46% 46 Ta4% 4% Stock and Dividend - Rate St L-San Fran (8)... St L-San Fran pf (6), - Sales— Add 00. High. Low. 1 46% 46 T T4 T4 (Sales are in $1.000.) Sales. High Low Close . 112 10127 101 25 168 102 27 UNITED STATES. Dairy 63 #'48. | Nat Rad 63547, N Eng T 18t NYEAfsB a4, 101 27 Pk 102 25 10224 November Net More Than $5,000 Under Year Ago—Po- ~temac Bank Elects Officers. * BY EDWARD C. STONI Total net revenue of the Capital Traction Co. in November amounted to $42,659.35, compared with $47,952.84 in November, 1929, a decrease of $5,- 293.49, according to the monthly re- port just submitted to the board of directors. Operating revenues for the month totaled $346,054.41, against $355,651.46 a year ago, a decrease of $9,597.05. Operating expenses and taxes required $273.481.52, in comparison with $277.- %76.66, a decrease of $4,295.14. i Operating income amounted to $72.- 572.89, against $77.874.80 a year ago, a difference of $5,301.91. Gross income also showed a falling of about $5,000, while the usual deductions were prac- tically the same as in November, 1929. Jeaving the above mentioned reduction in net income. Revenue passengers during the month totaled 4,032,297, against 5138 in November, 1929, a drop of 682,841. The | slump in passenger traffic was part due to the fact that there were five Sundays in the month, the extra Sun- day making a severe dent in the num- ber of passengers carried. In the old days Sundays were big days on thel local street car lines, but in recent ears Sunday business has been much fm active. Traction’s 11-Month Farnings. | Earnings for the first 11 months of the year show total operating revenues of $3794.635.37, against $3,919.817.24, a decrease of $125181.87. Operating expenses were ~$2,163,534.42, against $2,807,951.23, these expenses being re- duced $44,416.81 during the year. Total operating income stood at $738,- 191.33, against $808,168.34 in the same | month last year, a_decrease of $69 977.01. After ail deductions for the 11 months Capital Traction reported a net income of $421,687.87, against $494.734.26 a year ago, a falling off 73,046.39. 4 Of fevenue. passengers so far this year | have totaled 47,702,149, in comparison | with 51,988,028 in the same period in 1929, a decrease of 4,285879. Potomac Bank Elects Officers. | The annual stockholders meeting of the Potomac Savings Bank was held in | Alexandria, Va. Tuesday, all the old directors being re-elected and Joseph M. Wise added to the board. Mr. Wise is one of Georgetown's younger realtors. Until three years ago he was active in the management of Wise Brothers Dairy, but retired from that business to in real estate. ‘The annual directors "Ilieeinfls\ was held yesterday, at which all the officers were | Mlm{l. an excellent year’s business | and the regular semi-annual | dividend of 5 per cent declared, payable on December 31. The present officers and directors include: Officers—Henry W. Offutt, president; Alphonse M. Baer, vice president; B Agee Bowles, vice president: C. Wendel Shoemaker, cashier: Emory H. Bogley, secretary; Elmore T. Burdette, assistant ;" George W. Offutt, attorney, tors—William P. Ames, William 'W. Anderson, Alphonse M. Baer, Emory H. Bogley, B. Agee Bowles, William H ke, Davenport B. Elgin, Harry K. Hobart, James C. Hoyle, Dr. Malcolm ‘W. Morgan, George W. Offutt, M. Will- son Offutt, Henry W. Offutt, C. Wendel Shoemaker, J. William Stohlman, Henry A.'Storm, J. Clinton Tribby and Joseph M. Wise. " | Thorpe on Traction Board. Merle Thorpe, editor of Nation's Buginess, was chosen today by the Board of Directors of the Capital Trac- tion Co., as a director to fill the vacancy on the board caused by the recent death of John S. Larcombe. Mr. Thorpe has been identified for many years with Washington institu- tions. He is a director of the National Metropolitan Bank, the Chesapeake & Potomac Telephone Co.. the tional Publishers Association, the Emergency Hospital and the Bank of, Bethesda. He is vice president of the Bethesda Cham- ber of Commerce and has bzen promi- nently connected with the work of the Wi n Community Chest. He is also contributing editor of Collier’s ‘Weekly. Dividend and Bonus Voted. ‘The directors of the United States Bavings Bank late yesterday declared the regular quarterly dividend of 7!z per cent payable December 31 to stockholders of Tecord December 20. The board also| voted the usual Christmas bonus for all employes of the bank. Directors of the‘Prudential Building Association, 1331 G street northwest, have declared a dividend at the rate of | 6 per cent per annum, payable January | l.on all passbook payments of record | on December 5. This association was| formed in the Spring of 1929 and re- | ports fine progress, at present having over 700 members. | Directors of the Anacostia Bank yes- | terday declared the regular 5 per cent | dividend due at this time. It is pay- | able December 31 to stockholders of Tecord December 26. | Business was quiet on the ‘Washing- | ton Stock Exchange today, bonds draa‘:- ing the most attention. Metropolitan Votes Extra. Directors of the National Metropoli- tan Bank, at a meeting late )'fls!er[:)ay declared an extra dividend of 2 per cent. 1t is payable January 1. The | books will be closed from December 22 | to December 31, both dates inclusive. ARt | | FOREIGN EXCHANGE. | (Quotations furnished by W. B. Hibbs & Co.) i Nomiral goid Seil London. pound Paris. franc. .. Brussels. beiga Berlin, mark Rome: ita Athens. crachm: Madrid. peseta ‘Vienna. schilling Bidisset! enee Prague. crown (nom.) ganfl"w zloty . cen. rown Stockholm, crown 26.83%c TREASURY CERTIFICATES. (Reported by J. & W Seligman & Co.) te-—Maturity Ofter. 1-33 SHORT-TERM SECURITIES, (Reported by J. & W. Seligman & Co.) Ofter Allis-Chalmers Co. 55 1937 American Tel & Tel 5las i9d3 American Thread §'gs 1938 ... Baltimore & Ohio 4'ss 1933 tavian Pet. Corp. &' 1942, Il Tel. of Canada 55 1957 California Pet. Corp. Canadian Nor” Rwy. 4 3 Shi., Northwestern RR"5s 1033 icago Rock Island 4s 1934.. Chile r Co. 55 19: . Cudahy Packing Co. 5':5 1937 Gen, Mot Accen. Corp, 63 1937 ral Pet. Corp.'5s 1940 neral Theaters Eauip. 6s 1940 | OWng Trunic‘of Canaca 6 1036 §:"’ unk of Canada Ol 93" b Bid 1005, 95% 112% 99%, 6% 0% 281 138% 12 51% e 74 70 8915 37 494 20% 87 8815 159% 5214 42u 85% 84 3 46% 107% 943, 4% 27% 9% 43 41% 61 10% 26% 8 78 384 9714 20 461 . Inc (14 A Ine pf (63).. Loew's Df xw (6%).. Loft Inec. . Loose-Wiles (12.90). Lorillard (P) Co. Lbuls & Nash (1) Louisiana Ofl., LouG & E (A) (1%) Ludium Steel. . McCrory (A) (2) MeCrory B) (2).... McKeesnt Tin P1(16) McKesson & Rob (1) McKes & R pf (33%4).: McLellan Stores. . ... McLellan S pf A (6). Mack Trucks (4).... Macy & Co (nt3).... Magma Corper ( Manhat Elev gtd (7). Man Elev mod g (d5) Manhat Shirt (1)..., Maracaibo Ofl Exp Marine Mid (1.20). Market St Ry pr pf.. Marlin-Rock (+5% ). Marmon Motor Car. . Marshall Fleld (234) Mathieson Alkall (2) Mav Dept Strs (n2).. Maytag Company . .. Maytag Co 1st pf (6) Melville Shoe (2).... Mengel Co (2) Mengel Co pf (T).... Mexican Seaboard. .. Miami Copper. Michigan Stl (h2%). M1d-Cont Pet (2). Midland Steel (3) . Min Hon'w Reg (14). Minn Moline Pow... Minn & St Louls. . M StP & SSM Isd (4) 340, Mo Kan & Tex (3)... Mo Kan & Tex of (1) Missour! Pacific...... Missour Pac pt (5):. Mohawk Carpet ... Montgomery Ward. Mother Lode s Motor Mete: Bl Motor Products (2). Motor Wheel (3) Mullins Mfe........ Mullins Mfg pf (7).. Munsingwear (+4) Murray (B)(2% stk) Myer (FE) & Br (2). Nash Motors (4) Nat Acme (1%)..... Nat Bella Hess. at Biscuit (43.30).. Nat Biscult pf (7)... Nat Cash Reg A (t4) Natl Dairy (2 60),... Nat Dept Store...... Nat Dept St 1st (7). NatDist Products(2) Nat Lead (18). Nat Lead pf (A . Nat Lead pf (B) (6). at Pow & Lt «1). Nat Ry Mex 2d of. Nat Radiator of. Nat Supply pf (7). Nat Surety (5) Natl Tea (1) Nevada Copper (1) Newton Steel... N ¥ Central (8).. N Y Chi & St L (6) Ch & St L pf (6). Harlem (5)... vest (1.20). H & Hart (6). NH&Hof (D)., Y Ont & Western. . Norfolk & Southern. Norfolk&West (112) Norf & West pf (4).. North Am Aviation. . Nor Am (b10%stk).. North Am Ea pf (6). No Ger Lloyd (3.43). Northern Pacifie (5). Norwalk Tire & Rub. Ohio 011 Co (2) Oliver Farm Equip. . OlivFarm Eq pr pf.. Oliver Farm Eq ev pt Omnibus Corp. .. Oppenhelm Col (3).. NY NY& NYIn NYN NY 8% Otls Elevn (214). Otis Steel. Pacifie Gas & El (2). Pacific Lighting (3). 11638 89 2 53 93 92 31 4T 12 92% 1 2 2 s 9 5 2 5 124 10 26 3 40 1 146 32 301 T8 40% 16 7 708 72 1 225 1 117 10s 141 10s 119 51 1 1 . 308 109% 2 47 8 46 10 52 5% 34% 51% 93 1% 3 53 b4 96% 9414 34 47% 124 943 4% 284% 10 a3 41% 1y 1 32% 8 8 40 101% 224% 57 33% 7 28 21 % W3 o 464 1% 92% 4% % o o 1y e ' 1a 2 ) Vs Pacific Tel & Tel (7) 220n 12415 Packard Motor (80c) Pan-Am Petrol (B) handle P& R Param'nt Publix (). Park & Tiiford. . Park Utah . Parmelee Tran (60c) Patino Mines. 2 Penick&Ford (t11%). Pennev (JC) (3) .. Penn Dixie Cement. . Penn Dixie Cem pf.. Penna KR (4)...... Peop Drug Strs (1). People’s Gas Ch (8). Pere Marquette (18). Petrol Corp (1%)... Phelps Dodge (2). Phila Read C&1.... Phillips-Jones pf (7) Philip Morris&Co(1) Phillips Petrol (n2). Phoentx Hos pf (7).. Plerce-Arrow A (2). Plerce-Arrow pf (6) Ilerce Ofl. . . Pierce Oil pf. Clllsbury Flour (2). Pirelll Italy (a3.14). Pittsburgh Coal Pittsburgh Coal pf. . Pitts Screw (1.40) Pitts Steel pf (7)..... £h Unit Cory 4t Cp pf(7). Poor & Co (B) (2)... P RAm Tob A (314) PR Am Tob (B).... Prairie O1l & Gas (2) Prairie Pipe L (15).. Pressed Steel Car Pressed St Cof (1).. Proct & Gamb (2.40) Prod & Refiners. Prod & Refiners ptf. . PubSv N J (340), . PubSv NJpf (6)... Pub Sv N J pf(7) Pullman Corp (4 Pure Oll. .. f ure O1l pf (8) Purity Bakertes (4). tadio Corp . Radio pf A (314). Had.o Corp (B) (5). Radio-Keith-Orph A. ybestos Man 2 60. eading Rwy (4).. Reading 2d pf (2). .. Real Silk Hosiery(3) teix (KRobt) & Co. ... 13 (1) & Co 1st pf. m Kand «160). ... Rem-Rand 2d pf (8). 1.eo Motor Car (80c). Republic Steel Republic Stee! Itevere Copper & Br. Reynolds Metals (2), Reynolds Tob A (3). Reynoids Tob B (3). Richfield Ofl. . Rio Grande Ofl. 48 3 41 2 8% 407% 6! s HARAnKDT AL~ SaRNER 1 R 508 208 169 81 7 32% 47 s 16% 7% | T % Seaboard Air Lin % Spfegel-Ma) 4 Zenith Radlo. .. Sales of Stocks on New York Exchange St L Southwestern, Savage Arms (2). Schulte Retail Stri A A b'd Air Line pf Second Natl Inv pf.. Segrave (1.20)....1. Sears Roebuck $2% Seneca Copper. . Servel Inc. Sharon Stee! oo Shattuck(FG) (11%4) Shell Union Ofl...... Snell Un Ol pf (5%) Shubert Theater: Simmons Co..... Simms Petroleum SinclairCon Ofl (1).. Skelly Of1 (2). Skelly Ol pf (6 Snider Packing pf. .. Solvay Am pr ww 5% Sou P Ric Sug (1.40) Southern Cal Ed (2). Sou Dairles (B)..... Southern Pacific (6). Southern Rwy (8) Sou Ry M & O et (. @ o » PP T T T TOIOpe- S h) - SN -otoy 0PI Spang-Chal pt (6) Sparks Withing (1) Spear & Co. < 1i0s Spicer Mfg & Stern.. 1 Stand Brands(1.20).. 103 Stand Comm Tob, ... 4 Stand G & E (3%) 27 Stand G&Epf (4).. 1 Stand G & El pf (6) 2 Stand Invest Corp 28 Stand Of1.Cali(h2%). 55 Stand Ol Exp pt (5). 1 Stand Ol Kans...... 1 Stand Ofl of NJ (12) 193 Stand Ol N ¥ (1.60). 53 Starrett (L 8)(12%) Sterling Seo (A) Sterl Sec pf (1.20) Sterl Sec cv pf (3) rt-Warner (2). tone & Webster (4). Studebaker Corp (3). Submarine Boa Sun Of1 (11).. Sun Ol pf (6). Superheater (13%) Superior O1l. Saperior St Symington (A). Telautograph (11.40) Tennessee Corp (1).. Texas Corp (3). Tex Gulf Sulph ( Texas P C & Ofl. Texas & Pacific (5) Texas Pac Land Tr. Thatcher Mfg (1.60). Thatcher pf (3.60). The Fair (2.40)..... The Fair pf (7).... 3 3 H % Thermoid Co . Third Avenu Third Natl Inv (a2). Thompson (J R) (3). Thompson Pr (2.40). Thompson Starrett. , Thomp-Star pf (3%) Tide Water As (80c) Tide Water As pf (6) Tide Wat Oll (pf (5). Timken De! Ax (80c) Timken Roller (3). Tobaceo Products Tobacco Prod A t95¢ Transamerica (1) Transue &W (1) Tri-Cont Corp. Tri-Cont Corp pf (6). Trico Prod (2%), . Ulen & Co (1.60) Und-Kll Kischer (| Union Bag & Pape: ‘nion Carbide (2.60) 12 Uhton Oil, Calif (32). Union Pacific.(10). Union Pacific pf (4) Un Tank Car (1.60) Utd Afrcraft Utd Afrcraft pf (3) InitedBiscult (2) United Carbon (1), Utd Cigar Stores. Utd Corp (50c). Utd Corp pt (3) Utd Electic Coal Utd Fruft (4). Utd Gas & Im (1.20). Utd Piece Dye W (2) Utd Stores (A)...... 62 2 Utd Stores pf (2%). 12335 U S Distributing. U S & For Secur U 8 Freight (3). U 8 Indus Aleo (17) U S Leather.. S Leather (A S Leath pr pt () Pive & F (2).. ., P&F 1st (1.20). Realty&Imp(3) Rubber. ... Rubber 1st pf... Smelt & Ref (1). U S Steel (1) U S Steel pf (7). Univ Leaf Tob (3). Univ Pipe & Rad.... Util Pwr&Lt A 12.15. Vadasco Sales Corp. . Vadasco Sales Cp pf. Vanadium Corp (3). Van Raalte. .... Van Raalte 1st pf Va-Car Chem........ Va-Car Chem 6% pf. Va-Car Chem pf (7). Va El & Pow pf (6)..210s Vulcan Det (4)..... 4808 Vulear Det pf (7) 208 Waldorf Systm (1%) 3 Walworth Co (2). 10 Wabash pf (A) (5 1 Ward BakinRu(A) 408 Ward Baking (B) . 7 Ward Baking pf (1), 2 Warner Bros Plet... 140 Warner Bros pf 3.85, 1 Warner Quinlan.... 3 Warren Bros (3).. . 10 Wess Oil & Snow (2) 4 West Fenn Kl pf (7). 20s U u [ U U U U u - 2. uw o RonrranSfaannet e 3 " Western Dairy (B) Western Md. ... tingh'se A B (2). ting E & M (6).. tE& M pt (5).. Weston El Instr (1), Westvaco Chlor (2)., Wextark Radio Stri White Motors (2). ... Wh Rock M S (143%4). White SewingMach. . White Sew Mach pf.. Wilcox OIl & Gas. . Wilcox Rich A (23). Willys-Overland. . Willys-Over pf (7) Wilson & Co Wilson & Co (A). V/oolworth (2.40). ... Worthington Pump. ., Wrigley (Wm) (4) Yale & Towne (2) Yellow Truck. ... Youngs Spring (3). 21 14 4% % 1% 21% 21 14 14 a4 i 1% 3 40 1001 16% 51% 24% 207 3% Th 67% 67 295 104 23 2% 2% 22 14% an % 18 % a1 6% 501y 1% 4% Ritter Dent Mf (13). Rossla Insur (2.20) Royal Dutch u3.2165. Rutland pf........ feway Stores (5). Safeway pf (6)..... Safeway Strs pf ( t Joseph Lead (13). 108 208 101% 27 24 - 10:30 AM. 1:30 P.M. Dividend payments based o; sUDit of trading 4% In stock. §Payabl year—no regular r; e Pyable in ¢ b Plus 2% in 1% in stock. T Plus 14% 29 20% 407% 284 8% 94 102%4 24 93 101 23% 101 £3% in stock. the iatest quarf ock. Pl 425 - 2 065.400 given in the cash v or half yearly declarations. less than 100 shares = iPArtly extra. <Pius le in scrip. §Plus 9% in stock. @ Patd this bPayable tn stock. "'d Pavable when earned. £ Plus 10% in stock g Plus 6% in stock s 8% in stock. k Plus 3% in in ‘stock. p Plus $1.00 in bry CLEARING HOUSE AIDS CHESAPEAKE BANK CASE Special Dispateh to The Star. BALTIMORE, December 11.—A spe- cial committee was appointed by the Baltimore Clearing House yesterday to co-cperate with the State banking au- thorities and the officials of the Ches- apeake Bank in working out the affairs of the institution. ‘Waldo Newcomer, president of the clearing house, who will serve as chair- man of the special committee, said in naming it that the group would “do anything they that will be helpful in the situaticn. Receivership proceedings also were filed before Judge George A. Soller in the name of the State by Assistant At- | | torney General Robert H.‘Archer and stated that the bank commissioner had requested the institution of the re- ceivership case “to assume jurisdiction over the property, business affairs and wind up and liquidate the said Chesa- peake Bank of Baltimore, if necegsary, but_espeeially to protect equally and Jjustly the rights and interests of all persons who may be concerned or if- terested in said institution.” Judge Solter's order set Bank Com- missioner Page's bond as receiver at $250,000, and the bond later was given by the United States Fidelity & Guar- antee Co, PocleS Y Coffee imports into China this year are nearly Dgopu' cent greater than last year, '\} MACHINERY EXPORTS. | By the Associated Press. United States exports of industrial | machinery for the 10 months ended with October fell' short of the abnormally large volume of the 1929 period, but reached a value 12 per cent in excess of the 1928 period. The respective val- ues, the Department of Commerce an- nounces, were $193,420,000 for the lat- est period, in comparison with $211 639,000 in 1929 and $172,380,000 in 1928. Construction, ofl well and metal work- | ing machinery, all showed exports for the 10 months in excess of even the expanded 1929 volume. Nu;ly 1,800,000 bunches of bananas | were shipped from Honduras in a recent ~nih, Losses ‘Are Held 'to Small Amounts and Somk Is- sues Recover. BY F. H. RICHARDSON Special Dispatch to The Star. NEW YORK, December 11.—Liquida- {tion of bonds was heavy and price de- clines were substantial during the first hour of trading today, but then volume tdeclined and price movements turned irregular, though the list was about a point under Wednesday's close on the average and at a new bottom for five years or more. The selling was orderly and in most cases declines were held to fractions. As the sesslon wore on, many bonds made small recoveries. Money rates were unchangéd. At the opening the market was af- fected by selling engendered by the closing of the Bank of United States. The manner in which this affected the whole list, high-grade issues, junior Joonds and speculative descriptions alike, was evidence that much of it was of & forced character. Such gilt-edge securi- ties as New York .Central 4s, Atchison General 4s, Canadian National 5s, Great Northern 7s. American Telephonc 5135, Standard Oil of New York 41zs Duquesne Light 47.s, Utah Power & Light 55 and Laclede Gas 5':s dropped from fraction to over a point. ‘The entire group of active United States Government obligations declined from 1/32 to 13/32, later making small recoveries. Inland Steel 4155 were off 11, points. Frisco A 4s lost 114, Nickel | Plate 4155 were down 1% at one time, | American & Foreign Power 5s dropped 17 points. A notable exception was the gain of 2%, points in International ‘Telephone 5s. Convertible had a like course. eral Theaters Equipment 6s 2% points, Warner Bros. Pictures 6s lost over 2 points, and losses of about a point each were made by Alleghany 5s, Baltimore & Ohio convertible 41¢s, Commercial Investment Trust 51is, Southern Pacific 41.s, American Tele- phone 41:5 and Texas Corporation 5s. Th> secondary obligations of the carriers held well. International Great Northern 6s, Missouri-Pacific 4s and 5158, Frisco 415s, Seaboard Airline 6s, Southern Railway 4s, Boston & Maine 55 and International Railways of Cen- tral America 5s were unchanged or a shade brtter. Tilinols 55 dropped 1% points. St Paul adjustments hit a new low, down 1. Erie 55 opened off 2'; at a fresh minimum, but lajer recovered most of the ground Industrials were mostly lower. Amer- ican Natural Gas 6125 dropped a point. So did Chile Copper 5s, Publix 5':s, National Dairy Products 5148, McKe2sson & Robbins 5%;s, Postal Gen- 7s and Hudson & Manhattan Income 5s. Here again there were a few firm spots, including Hudson Coal 5s, Goodyear 5s, American Sugar Rofining 65, Pan-Amer- ican Petroleum 6s and Transconti- nental 61,s. On the Curb Exchange new lows were made by Cities Service 5s of 1950 gnd by Assoclated Gas & Electric 55 of 1968. At one time there was no«bid for the latter bond but it sold later at 69, off 2 points. Foreign dollar bonds joined the down- ard trend. Argentine and Chilean ues were off 2 to 23; points on re- newed reports of political unrest in South America. Lautaro Nitrate 6s dived over 4 points. Bolivian issues took a fresh tumble, the 7s dropping over 4 peints, and so were Sao Paulo 6 The Sao Paulo Coffee Loan 7Ts, however, gained a point. Japanese, French, Belgian and Italian descriptions remained un- changed or dropped slightly. German issues held about steady. » Washin;t.on Stock Exchange SALES. Capital Traction 55—$1,000 at 35l5, $1,000 at 85, $1,000 at 85, $3,000 at 855, Potomac Electric Cons. 55—$1,000 at | 1027, Washingtor: Gas 55—$500 at 10315, Potomac Electric 5. % pfd.—5 at 106%. Union Trust Co.—10 at 223. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telga. 4'as '33 Amer. Tel. & Telga. 4125 '30 Am. Tel & Tel. ctl. tr. 53 Anacostia & Pot. R. R. 55 Ana. & Pot. guar. 5s .. € & P. Tei of Va. Balllll Capital ‘Traction R. R. 55 City & Suburban 55..... Georgetown Gas 15t Polomac Blec. cons. 5 Potomac Elec. 65 1953. .11 Wash., Alex. & Mt Verion ctf. Wash Balto. & Annap 5s..... Wash.' Gas Lt 41 Washington Gas bs. .. Wash. Gas 6s. series A Wush. Gas 6. series B Wash. Rwy. & Elec. 457001 MISCELLANEOUS. Barber & Ross. Inc. 6ls Chevy Chase Club 5iss Columbia Country Club 4125 D, C. Paper Mfe. 65 W. M. Cold Storage 55 Wash.' Cons. Title 65.... ... STOCKS. PUBLIC UTILITY. Amer Tel. & Tel. (9). : Capital Traction Co. (4l < Wash. Gas_Lizht ~Co. (18) N. & W Steamboat (12). Pot. Elec. Power 67 pid Fou. Elec. Power 5 Wash. Ry com. i Wash. Rwy. & El pfd. NATIONAL BANK. Capitar (181 Columbia : 5 h Commercial (stamped) (10)...0 District (8). Federal-America Liberty (75). Lincoln (12) Metropolitan’ (14 Riggs (158): . Second (9ej. Washington (13) 4 : TRUST COMPANY. Amer. Security & Trust Co. (15) 355 GContinental Trust (6) 1 Merchants' Bank & T : National Savings & Trust (12} Prince Georges Bank & Trust.. Union Trust (8%).... &4 Wash. Loan & Trusi (14! SAVINGS BANK. Bank of Bethesda (65) Commerce & Savings (10 East Washington (12).... Potomac _(10).. . Security Sav. & G Seventh Street (12) United States (30 Washington Mechanics (20).." FIRE INSURANCE. American (12) Corcoran (10% Firemen's (8).. National Union {15} 2 TITLE INSURANCE. Columbia (6h).. 2 Real Estate (6h) . " Title & Inv. Co. Md. & ! MISCELLANEOUS, Barber & Ross, Inc.. com. Col. Medical Bldg. Cor Col, Sand & Gravel pfd.” (7). D’ C Paper Miz pfd, .. Dist. Natl. Sce, ptd (7). Emer. Biomo-Selz. A" (2 Federal €torage pid. (8) Fed.-Am. Co. com. (1201 Fed_Am. Co. prd." (6) . 2 Landion Monotype (8) 3 Merch. Tif. & Ste. com; {0} Mer. Tr. & Stge. pfd. (7). Mergenthaler Linotype (6 Natl. Mtge. & Inv. ofd .. Peoples Drus Stores prd (67 Real Est M & G. pid. (8) Security Storake (de).... . Ter. Ref & Wh Corp The Carpel Corp. (1.50). W. Mech. Mige com. () Wash. Med. Bldg. Corp. (%) Woodward & Lothrop pfd. (7). “Ex dividen: 820 extra. b Books closed. y3la% extra. 3 extra. 4% extri 5% extra. N acmaass 838833852 EXCHANGE SEAT $206,000. NEW YORK, December 11 (#).—Ar- rangements have been made for the sale of a New York Stock Exchange mem- bership at $206,000, a decrease of $29,- 000 from the previous sale and a new low price for seats since 1927, when thoy <272 as low as Sl"io.()("l, declined | But Chicago & Eastern | Paramount | Telegraph 5s, Skelly Oil 5!5s, Sinclair Brazil 8s were off a point | Lib 4th 438, 539 US3%s'43.. 1 US3Ks'47.. 5 US3% . 104 . 172 US4%s’52.. 240 103 17 101 24 10212 106 5 1082 11212 103 14 101 24 10212 1064 108 uz FOREIGN. Sales High. Argentine 515562, Argentine May "61. Argenti s Ju 69 Argenti Oc 59 Argenti A 8T Argentine 68 B 58 Australia 4348 '56. Australia 68 '65. Australia 63 '57. Austria 78 43.. Bk of Chi Ratav FPet Belgium 68 ‘55 Belgium 6% Belgium 78 ‘55 Belgium 78 ‘68 Relzium 8s'41 Bolivar 7s '58. Bolivia 7s ctfa’89 Bordeanux €s ‘34 Brazil 6148 ‘26 Rrazil 615827 Brazil 7s Rrazil 85 Bremen 7 '35, Canada 6s°31. Canada 5= 'G2. Chile 6560, Chile 6381, Chile 7a'42,.., Chin Gve Ry 58 Colombia_6s Jan '6 Con Pow Japan 7s. Copenhag 5s ‘62 Cuba 6% m'45 Czecho 98 '52. Dan Mun 8 A "6 Dan Mun 8s B'46. . Denmark 413 '62 Denmark f%s *55 Deamark 63 42 Dutch Fast T Ma Dutch gast 1 Nov. . Duteh Fast 16847 Dutch East T fs ‘62 [ Salvador 85 '48., lat 78 ex war '46. . Finland 5% inlane 78 '50 32 o EXT IR P Gelsenkirchen 6s'34 German 6% '85. ... 149 German Bank 6s°'3§ 6 German 6%s '50. German 7a rep Ger Gen Fl 7s Greek 6s'63 Haitf 63 '62. Irish Free St 5s ‘60 ftaly 7851, Italy Pub S - Japane . 14 Japanese 5155 ‘65. 300 Japanese 615 % ‘54w, 97 Jugosl Bank 78 '67. 9 Karstadt 6s*43 Kreug & Toll 65 ‘69 2 Lyons 6s ‘34 Marsellle 6s ‘34 Milan 6148 62 Montevideo 7s '52. . New So Wales6s'57 Nord 6145 '50. Norway 53 '63 Norway 514 s '65. Norway 6543 orway 6s ‘44, orway 6s 52..... Orfent dev.5% s ‘58 Orfent dev 65 '63. ., Paris-Ly M 6s°58., Paris-Ly M 7s '8.. | Peru 6s760.... Poland 7s '47. Poland 8s '50. Queenland 7s 41, Rhinelbe 78 '46 ww Rhine West 63 '5z. Ithine West 68 '53.. Rhine West 7s '50. . Rio de Jan 6%s '53. R Gr De Sul 63°68. R Gr De Sulss "46.. Rome 6%s '52. . Roy D 4845 ww. Sao Paulo 8s ‘36. 0 Pau 78’ 40 rets. Sao Paulo 8s '50. Saxon 7s *45. Selne 7842, . T S178°62.. r-S1 85 '62., en 5168 ‘54 Swiss Confed 8540 Toho El Pow 6s '32 Toklo 58 5. Toklo 5%s Gtd King 5% 847, Uruguay 6s'60. Uruguay 8s Vienna 6s " Warsaw 7s Yokohama 65 '61. ADbitibl P & P 5553 20 Ab & St 53543 Adams Exp 4s *48.. Allegheny 6s ‘44, Alleghany 55 °49. .. Am Beet Sug 65 3 Am Chain 65°33... 2 Am F P 53482080, 169 Am 1GChbl%s'49. 51 Am Int Cor 53549 12 Am Metal 6%s'34. 1 Am N Gas6l%s'42. 6 Am S&R 151 6547, 11 Am Sug Ref 6337, & Am T&T cv 414839 223 Am T&T 58 '65. ... 160 46. 10 Am T&T 5ssf'60. 40 Am T&T 6%s '43., Am W Wks 55°3¢. . AmWat Wks 6s°'75. AmWrit Pap 6s47. Arm & Co 4348 °29, Arm Del 51543, .. Asso Ol 6535, At Gulf 5985 e At Ref deb 63 °37... Bell Tel Pa 63 B "48 Beth St p m 55°36.. Beth St rf 53 ‘42 Cert-1d deb 5%s '48 Chile Cop db 5s '47. Colon Ofl 6s '38. Col G&E 68 May ‘52 Com Invest 53849 Com Invest 65 '48 ConG N Y 5%8"5. CC Md 1st rf 68 ‘50 Consum Poav 58 52. C Am Sug col 8s '31 e Edison 5s 40 Det £d rf 63 B - Dodge Bros cl 6540 Duquesne 4345 '67. Gen Cable 6% ‘47, Gen Motors 63 '37.. Geni PSv5%8°39.. Gen St Cas61s 49 Gen Thea Ea 6s 40 @Geodrich cv 6s'45.. Goodrich 6%s Goody'r Rub & Humble O1l 68 '37 MBTIistprosA. Il Steel 413840, Inland Steel 4 In: Cement §: Int Hydro El 63 44 Int Match 68 47 InM Mcol tr6s 41 2 Int Pap 65 A '47 Int Pap 6s '55. Int T&T cv 448 Int T &T6s'66.... Kan C P&L bs A 52 Kan Gas&E 4%s ‘8( Kend 5%s '48 ww Lackaw St 68 '50... LacG St L 5s'34.. Lacl % 8 78 Lig & Myers 6 Lig & Myers 7. Loew’s 6s war '41 Loew's Lortllard 6s'51. Lorillard 7 Lou G & E bs ‘! McKes&Ro 5% 5'50 Man S Ist Ths 42 Midvale Steel 55'36 Mont Pow fis 43. .. Mont P db 58 A 62 Low 8414 8%, 20 Bl 1% a8tG T T4 105 8% 101% 108 10% 10014 937 100% 1051% 10: > 1023 1023 102 73 8814 88 T4% 76 9% 107% 79% 91% 104% 104% 97K 9% 89 10414 80 101% B4y 54 954 MISCELLANEOUS. 1% T0% 95 95 82K 82% 7 704 6914 40 98% Td 96 8715 93 40 101 103% 17% 10216 1051 1021 10214 95 91 6614 4 101% 1024 102 102 48 106 1214 1044 97 9% 104% Y 101% 80 26 1001 10817 101 24 10212 106 4 1082 1124 Close 8434 92 0% a2 100% 10214 99 3% 951 82 73 881 88 751 7614 791 107% 8014 91% 105% 105% . 9N 9% 89 1045 80 101% 84y 54 95%" 7 95 823 70% 70 40 93 40 101% 103% 117% 103 1054 10214 1067, 101% 100% 59% 8614 78 102! 6214 101 105% 1018 1024 81 88 49 991 9412 105 106% 28 104% 9y 103% 106% 8314 1025 94 102 95 100 93y 95 84 95 100 T4 62 83 6% 105 90% 50 101% 1023 10 102% 4815 106 1211 1041 974 79 104 101% S0 26 101 102 | Can Nat14% N Y Ed 1st 6348 41 2w Zrees comaZeBacumn Nor St Pow 68 A 41 Pac G & EI 6342, Pac T&T1st bs ‘37.. Pac T&T ref hs '6: Pan-Am Pet 63 '34. Pathe Exch 78 '37.. Peoples'Gas bs. Phila Co bs "§7 Phila & Re: Phil Pet 64 Pierce Oil deb s Por R Tam 6542, . Pos Te! & C 55 '52. . Pub Sv G 4%s 67, . Tub Sv G 4%s 70, 2 em Arms 63 A '3’ Rem R 5% A 47 Richfi'd O cal 63 *44 Sincl O 6%s B Sincl O Ts cv A '37. Sinel Cr O 5%s 38 Sinclair P L 6842, Skelly O1] 514% 29, Solvay Am fis ‘42 Sou Bell T&T 5841 SW Bell T 63 A ‘64, StOII N J bs SIONNY 4% v Tenn E) P 68 A "47. Tex Corp cv b8 "44 Trans Oll 6% *3; Utd Drug cv 58 '53. U S Rublst 68 °47.. o EE-P smrem e ZE5a2 —amo Utll Pwr 58 '50 ww. Utll Pow 5%s8 '47.., Walworth 63 A *45. Warn Br Ple West ) deb fis "44. West Un Tel 58 '51. 2 West Un T 614 WEOGBYs'3T ww, Wh Sew Mch Wic Spen S et 75'35 Wil & Co 15t 6341, YouSt&T5s'78.. 19 RAILRO Atchison ad) 45'95. R Atchison gen 4s'95 37 Atch'oncv 414841 82 Atch Ariz 4348 62.. 10 At & Danv 4s AtCL col 4s'52. 14 47 47 24 22 31 10 8 11 3 | Rkiyn Man 6= Brooklyn Un 5s Bklvn Un 1st A Bush Ter con 58 '55 Can Nat 4%s'54 Can Nat 4368 “an Nat 4%4s Can Nat 4%s'70 55 Can Nat 63 July Can 58 Oct *69. Can Nor 633 db’46 ‘an Nor 7s deb '40. Can Pacific db 4s. . Can Pacific 44 5'60 Can Pac 58 ctfs '44. Can Pacific 58 '54. . Car Clin & O 68'52. Cent Pacific 4s'49. Cent Pacific 5s 60. Ches Corp 58 *47... Ch & O gn 4%s'92, Ch&O4%s A'93.. Ch&O4%sB 95.. Chi & Alt 3s. 3 CB&Qgen 4s'58. CB&Q4%8"T... CB&Q 111 dv 4549, Ch & East [1] 68 '51 Chi Grt West 45 '59 |ChM&StP4s 29, {Ch M&SIP 4RsE. . Ch M&StP 4%s'89. Ch M StP&P 68 76. 35 Ch M & St Padj bs 119 Ch&NW gn 3%s'87 1 Chi NW 414sC 2037 80 |Ch & NW con 4%s. 41 Ch & NW rf 582037 17 Chi T H fne Ch Un Sta 415 '63. ChUnSta6%4s'63. 2 C& W Indcv4s’s3 15 CCC&St L 438 (E) 21 C U Ter 4%s 2020.. Clev&Pitts 4%s 17 Clev Term 4%s '17. Cofo & Sou 41 s '35 Con Ry 4%s'51... Cuba R R 5862, Cuba Nor 5%s 42. Del & Hud rf 4843 19 Del & Hud 5%s°37. 11 D &R Gren 4s'38. 21 Den&R G W bs 5! DRG& W st 58 Erfe 1t eon 4s '06. Erle con 4s A 53 | Erie Gen 4 Erie 53 1975 GrTrsfab6s3s.. Gr Trunk 1s '40. Gr Nor 414 Gr Nor 43%s | GgNer gen 73 °36.. 38 Hav El Ry 5%s'51. &5 Hud & M adj 65 '67. 11 Hud & M rf 58'57.. 22 Ilinots Cent 4 11 Cent 4% s 111 Cent 58 ‘55 111 Cent 6345 '36 Int Rap Tr 6s '66 Int Rap Tr st Int Rap Tr 6 Int Rap Tr 7s ‘32 2 Int & Gr Nor 6s 62 12 Int& G Nad 6s'52. 7 Int Rys C A 65°'72. 24 Towa Cent rf 4s'51. 20 Kan CFtS&M 45'36 8 Kan City Sou 68'60 & Kan City Ter 45’60 6 Lake Shore 3%s 97 5 Lake Snore 43 ‘31,. 10 eh Va 2003, 19 L & N unt 4s"40. 11 L &N 4%s 2003, L&NI1strfsl%s Manh Ry 1 Market St 7 pad. 8 Mich Cent 4379, 10 M &SL 1st rf 4539 23 MIERy&Lbs'61 6 M StP&SSM con 43 12 M StP&SSM 64s.. I8 MK &T 1st 4590, 11 MK&T4sB62... 4 114114 114 97 9TW 97w 108 107% 107% 101% 101 101 106% 1064 106% 1% 111 111 108 103 108 103% 103% 103% 101% 101% 101% 103 102% 103 100% 100% 100% 105 105 105 101% 101% 51 103% 100% 101 101 101 96% 965 90 91 65 65 9% 95 99 99 9915 991 99% 994 80 80 9816 98K 108% 103% 105% 105 1034 103% 8% 98Y 106% 105% 964 97 10 110% [T 0% T0% 974 97w 68% 69 % 4% 70 70 634 64 54 B4 102 102 102 103 100 101 107 107 102 102 30 30 10 10 96U 96K 100 100 106% 1087 99% 105% 98 110% 30 10 96 100% AD. 90 5% 11t 89% 90 954 95% 109 109 9 9914 48 90 on 107% 107% 101% 101% 9 94 921 93% 4N T4N 94'y 95 106% 106% 85 85 981 98% 98% 991 98% 98% 98 98% 104 104 2 100% 101% 104'5 104% 1037% 104% 116% 116% 11 87% 87X 96's 961 101% 1013 100 101% 107% 107% 92 92 100 100 93 93 1008 100% 97 97 96% 97 €6 67 1% 91% 98 98 92 92 30% 30% 63 63 80 80 90 90 9 9 661 66% 30% 31 75 5 87 8% £0 80 100 100 106% 1064 974 98 81k 81% 814 81% T 101 101 112% 112% 841 84w 96U 96% 100% 100% 9%, 993, 9915 99 100 100 90U 99y 55% 551 40% 40% 9% 9% 105% 105% 94 70 70 82 68 684 70 69 25% 105 105 110% 110% 95 95 94 94 110 110 324 324 0% 70% 95 95 96% 96% 92 92% 101% 101% 108' 108% 651 65% 65 65 55 56 8714 871 kil 79 541 55 T 71 3 3 96 96 94% 95 92 92y 8L 82 100% 100% 804 80% 97 97 96% 96% 106 105 51% b1% 90 91 97% 98 3 3 100 100% 87 8T% 100 100 87 88 854 851 Loss of 1.5 Per Cent in 11 Months Shown—November Decrease 5.7 Per Cent. Department store sales in Washington in November were 5.7 per cent lower sthan in the corresponding month in 1929, the Pederal Reserve Bank of Rich- mond reported today. For the first 11 months of the present year, retail sales in this city were 1.5 per cent behind last year. 4 Department store sales in the fitth Federal Reserve district as a* whole in November, 1930, averaged 11.4 per cent less than sales in November, 1929, measured in dollars. Of 75 stores, lo- cated in 36 cities and towns in the dis- trict, only 13 stores rfgomd higher fl*- ures for last month, while 62 stores sold less than in November, 1929. Cumulative sales during the first 11 months of this year averaged 3.6 per cent less than sales during the first 11 months of 1929. The Richmond dis- trict, howeve?, made a better showing than most other reserve districts, only three others, Boston, New York and Philadelphia reporting smaller decreases in November sales in comparison with November, 1929, and only one other, New York, reporting a smaller decline during the first 11 months of this year. ‘The average decrease in sales for the entire United States in November, 1930, was 12 per cent, and total sales since January 1, 1930, averaged 7 per cent less than total sales from January 1 through November 30, last year. Sales in Fifth District. The accompanying table shows in- dividual percentages compared with 1929 for cities in which three or more stores reported for November and per- centage comparisons for 11 months: Citles. Asheville, N. ©. Baltimore, Md. Charlestpn, W. Vi Lynchbufg, Va. Nortols, ¥ Other cities. .. . Fifth district, 75 stor United S| 592 store: State figures (same stores): Vireinia 1 052 Saeatoureae Department store sales increased from October to November by 2 per cent, when allowance is made for the number of trading days, according to lim- inary figures reported to the Federal Reserve Board. This increase is some- what less than the estimated seasonal increase for that period, and the board's index of department store sales, which is adjusted for number of trading days and for seasonal variation, declined by 3 per cent during the month. As compared with last year, the ag- gregate value of sales in November, ac- cording to the preliminary figures, was 12 per cent smaller, and when allow- ance is made for the fact that there was one less trading day this year than last, the decrease from last year is about 8 F!r cent. For the first 11 months of the year department store sales were 7 per cent smaller this year than last year. Percentage decreases from a year ago follow: Jan. 1 t0, Nov. 30* No. of rep't's Nov.+ stores. Total 5> ke AR 597 Pederal reserve district: Boston SRR EeE R maa *November figures preliminary: the month had 24 business days this year and 25 last year. NEW STOCK EXCHANGE RULING IS ANNOUNCED By the Assoclated Press. NEW YORK, December 11.—The New York Stock Exchange, in an effort to make its regulation of the redistribution of securities more flexible, has altered its rule placing the entire matter of secondary distribution in the hands of a special committee. ‘This committee wili govern the sales to the public of securities held by mem- bers on their own shelves, as distinct trom-the transactions executed for cus- tomers for commission on the floor of the exchange. - The exchange’s rule on the redistri- bution to the public of bjocks of securi- ties purchased by mem! for their own account has been very strict, heretofore, particularly in the matter of payment cf commissions to salesmen, The change in the rules merely sets up a committee to govern this aspect of members’ business, and exactly what changes in procedure may be made are not yet apparent. It is felt in broker- age quarters, however, that the sale of securities with which members may be burdened will be facilitated. PARIS BOURSE PRICES. PARIS, December 11 (#).—A heavy tone prevailed on the Bourse today. Three per cent rentes, 87 francs 50 centimes Five per cent loan, 101 francs 5 centimes. Exchange on London, 123 francs 60 centimes. The dollar was quoted at 25 francs 43% centimes, Motion picture theaters in Oslo, Nor- ‘way, report a larger attendance than a year ago. L Penn gen Penn 6%s PaOh&D4%s "7, Philippine RR 4s. . PCC&StLG6s Read gen 4348 A"97 Reading 438 B. Read Jer Cen 4§ '51 Rio Gr W Rio Gr W elt RIAr&L4%s'34 St L Ir M'nt 63 *81 StL IM R&G StL&SFin StL&SF 4% St L&SF pr 1 StL & SF gn StLSWevds'as, StLS W 1st 45’89, MEK&TprinésA. 4 Mo Pac gen 4s'75.. 61 Mo Pacific 5s A '65. 5 Mo Pacific 68 ' *17. 20 Mo Pacific 6s H '80 12 Mo Pac5%scv'4s. 3 N&'T& M 63 B'54. NYCgn3ke 99 929 644 65 9% 9% 89'4 < 90% 88l 8814 89 89 89 89 814 81% 922 92 98% 98% 100% 100% 103% 106 1064 106% 79 19 804 81% 997 100 100 100 66 66 8915 89% 110 110 39 39 53 53 % % 58 58 65 65 89% 110% N Y Cent db 4 NYCreim5s2013. 45 N ¥ Centdb 6s°35. 17 NYCLScl3%s'93 3 NY C&StL 4%s ‘18 160 NYC&StL6%sA 7 NZC&StL6s'32 21 NYNH&H db 48’57 2 NY NH&H 4%s ‘67 NY NH&H cv db 83 NY O&W 1st 43 '92 NY Rys 6s A '65. NY St Ry ¢%p'62.. NY S&W gn bs "43. Nor Pacific 38 2047 .1 66 Nor Pacific 7 Norherll.fl'l. 32 110% Oreg-Wash 61.. 4 91 Penna 4s "488: 1 97 Penncv 4348°60... 1 102 Penn gen 4148 65.. 20 997 Penn 4143 35 4 5 7 $ b 1 116 o1 97 102 99 204 Wi L |w 10! 99 024 g W West w St P Un Dep bs '72. SeabA Lrtf Seab A L 4s Seab A Lev Seab All FI Sou Pac col Sou Pac ref Sou Pac 4% Sou P 4% Sou P&Or 434811 Sou Rwy gen 48'56 Sou Rwy b Sou Rwy Sou Rwy 6%s Tex & P 1st 53 2000 Tex & Pa Third Av ref 4 Third Av adi Tol StL & W 4s°50 Un Pac 15t 4847, Union Pac ¢ 9., 0. 9 ww, C'19 Va Ry 1st b8 ‘6! Va Ry & Pow Wabash 1st ‘abash 24 5s°39,. L | Wabasb 58 B 76 est Md 48 '52 Md6Y%s Pac bs Wt Sh 1t 4s 23 11ksE & B 18t 6 Brans2 . TS