Evening Star Newspaper, December 15, 1930, Page 13

FINANCIAL, - SUOPE OF CAPTAL |[™ NEW YORK STOCK EXCHANGE | |STOCKS SUPPORTED (2t etees IFom Wemopelitan Baak he Star Office. other was the continued declines on Direct to The o 1814—Oldest National Bank in the District of Columbia—1930 l:t'rml{mdltlu.r Finally, ‘l‘:fierh! were :.lhe usual crop of rumors, whicl 0= EXIENDEU Note—All stocks are sold in one hundred-share lots 1930 Stockana Sues— rrev. AFI-E lent break in the stock market breeds. 5th St., Opposite U. S. Treasury excepting those designated 'Zy the letter s (80s) (260s) 3 Dividend Rate, tgh. u;‘;s Close. Close. v 1 :t can be said that all these rumors Y which shows those stocks to be sold in odd lots only. Colum GRaphieh l).c BT | B3 lid not have foundation in fact, but Indivilual sales complled to 12:00—complete in 5:30 Edition. o oy they were bad influences just the same. Prev. Limited Trust Powers Grant-| @ tox ~ oiviiend B ,/;d D. C. Institution by "7 {reasury Department. BY EDWARD C. STONE. It was announced at the Treasury Department today that the National Capital Bank of this city has been granted limited trust powers. bank, located at 316 Pennsyl- vania avenue southeast, is one of the older national banks in the city, H .H. McKee being the president. On the wlast call the institution had $1,716,767.74 in deposits. On June 1, 1930, total resources amounted to $2.328,155. The book value of National Capital Bank stock is $254.08. Directors include Charles A. Carry, Allan E. Clark, Clar- ence F. Donohoe, John B. Earnsha 4 Lewis Flemer, W. P. C. Hazen, Augu: G. Herrmann, Walter Leaman, Walter H. Marlow, H. H. McKee, James L. Parsons, W. L. Simpson, Charles B. Stuart, S. H. Walker and John C. Yost. Mr. McKee, the president, has been a leader in the American Bankers' Asso- ciation for years and also very active in the District Bankers' Association. He is at present chairman of the Washing- ton Clearing House Association. $6,000,000 Bond Issue Offered. Public offering of & new issue of $6,000,000 first mortgage and refunding 20-year 5 per cent gold bonds, series B, of the Virginia Public Service Co., a part of the Middle West Utilities Sys- tem, is being made today by a banking group headed by E. H. Rollins & Sons 815 Abitibi Pow & Paper 86% 36 Abitibi P& P pf (§).. 110% 102 Abraham St pf (7) 37% 15% Adams Exp (1.60). 9 28% 3% Advance Rumley.... 1 1% % Ahumada Lead...... 4 % 156% 91% Alr Reduction (t434) 95 93% 8% Alrway El Ap (60c) 2 9 Afax Rubber. .. 4% Alaska Junes 74 Allegheny Corp 40 Allegheny St1(12.55 343 179% Allied Ch & Dye(n6). 126% 121 Allled Ch & D of (7). 68 3214 Allls Chalmers (3) 424 13 Alpha Port Cmt (2).. 314 Amerada Corp (2). 2% 41% 23% 3 97% 451 Am Bank Note (13)..420s 60% Am Bank Note pf (3) 208 12 3 Am Beet Sugar...... 55'% 164 Am Bosch M: 54% 33% Am Br Shoe (: “en 21% 6% Am Brown Bov Elec. 15615 107 Am Can (15). 150% 140% Am Can pf (7) 8215 30 AmCar& Fdy 36'4 Am Chicle (13). 17 Am Colortype (2 9 Am Com Alcohol. 8 Am Encaustic (1) 20 Am European Secur. 26 Am & For Powe 7 Am Hawatlan (a10). 11 Am Hide & Leath pf.. 48 Am Home Pr ( 27% Am Ice (14). 17% Am Internatl (2). % Am La Fr & Foamite 21% Am Locomotive (2). 950 79 Am Locomot pf (7).. Comm Credit A (3) ., Comm Cred pf (1%). 108 Comm Cred 1st (6%) 16 Com In Tr (g1.60)... 13 Com InTcvpt(ed)n 2 Comm Inv Trpf 63%.. 2 Comm Solvents (31). 62 Comwlth & So (60c). 389 Comwlth & Sopf (6). 11 Conde Nast Pub (2).. 6 Congoleum-Nairn. 34 Consol Cigars (6) o 4 Consol Cig pr pf 6% .. 108 12 Consol Film (2)..... 12 16%=Consol Film pf (2)... 10 Consol Gas N Y (4).. Cons Gas N Y pf (5). Cons RR Cub pf (6)+ Consol Textile.....o Container A (1.20).. Container B, , Contl Baking A. 4 Contl Baking B. Contl Baking pf Contl Can (2%) Contl Dia Fibre (1). Contl Insur (2.40) Contl Motors Contl Oil of Cont] Shares (1).... Corn Pr Ref (14%). Coty Inc....... Cream of Wht(f Crosley Rad10...... 4 Crown Cork (£2.40).. Crown C&S pf(2.70). Crown WP 1st pf (T Crown Zeilerback. . Cruetble Steel (k6). . Cructble Steel pf (7). 108 Cuba Cane Prod 18 Cuba Co. Cuba RR Cuban-Amer Sug: Cuban-Amer Sug pf. 100s Cudahy Packing (¢). 5 Curtis Publish (17).. . 6 Market Becomes Steadier in Late Dealings as Lead- ers Show Gains. BY GEORGE T. HUGHES Special Dispatch to The Star. NEW YORK, December 15.—Support for the industrial leaders steadied to- day's market after stocks, under«con- centrated selling, had dipped into new low ground for all classifications, in- dustrials, utilities and rails. Selling was heavy and prices were acutely weak in the first f hour. Al- though margin trading has been re- duced to a relatively low volume by the long decline, today's events showed that there were still many speculators close to the danger line and liquida- tion from this source, forced and vol- untary, accounted for a good deal of | € the pressure. Volume Picks Up. In the first 30 minutes 770,500 shares changed hands, the largest total for that period in two months. The ticker fell behind three minutes. The majority of active issues made new lows during this selling. Among them was United States Steel, which broke through 136 for the first time. Others were General Electric under 43 and American Can under 107, while in the utility group American Telephone & Telegraph broke through 178 to the lowest that stock has sold in the bear ‘market, ‘The rails were acutely weak, some of them breaking points between sales. Heavy Selling at Opening. ‘The heaviness of the closing on Sat- urday, coupled with unfavorable busi- ness developments during the week end. such as commodity declines, decreased production and smaller sales, brought out big offerings of leading shares at the opening, but some leaders showed ;‘n improved tone during the first half our. United States Steel, after breaking to & new low, rallied somewhat. New York Central and American Can behaved similarly after scraping new bottom levels. Transamerica Corporation, in which a $20,000,000 syndicate is said to have been formed, opened in a block of 10,000 shares at 1013, or un- changed, but later hit its previous low of 103, from which it then advanced about %. General Motors was a strong spot in the active issues, as it took offerings without faltering. Olls, rails and cop- TS were notably weak. Sales in the first half hour were 770,500 shares, the largest of any similar period since Octo- ber 10, when sales aggregated 936,700 .Ihnits. Call money renewed at 21 per cent. STEEL MILL OPERATIONS. NEW YORK, December 15 (#).—Steel mill operations in the Chicago district are holding at 40 per cent of capacity this week, Dow, Jones & Co. reports. The United States Steel Corporation has 10 of 27 furnaces active in the Chicago district. I WILL SELL Open Until 5:30 P.M. Today —to accommodate our many patrons who have Payday banking we to do. {{Why not make good use of the opportu- nity to open a Savings Account for yourself or for some one else? 3% on Savings Have You Figured the Cost? When making a Real Estate Loan you should get the best at the most reasonable cost. New York Central opened at 111, off 3 points from Saturday's close. 'Large $3,000 Hamilton Hotel first mort- blocks of Baltimore & Ohio were thrown gage 615%, 1942, @ 56. on the market and that stock dipped $10,000 Jefferson Ant. first mort- over 2 points. One lot of 16,000 shares gage 6%, 19 @ 40. of Canadian Pacific at 375, down al- $5,000 Corcoran Courts first mort- most 2 points, was another feature of gage 7%, 1935, @ 7 the early trading. New lows were also $7,000 Wardman Real Estate made by Atlantic Coast Line, Chesa- Properties 1st & Ref 614 %, peake & Ohio, Delaware & Hudson, 1938. Bid. 32 Lackawanna, Nickel Plate, New Haven, 300 Miller Train Control, new, 165% St. Louis-San Prancisco, Southern @ 1%, equivalent to 3,000 13 Pacific and Union Pacific. ola @ 15c¢. Losses The Mortgage Loan Plan of the Metropolitan Life Insurance Company is arranged to meet the needs of home-owners. and including Halsey, Stuart & Co., Curtls Publish pt (1) 4 Inc.; Hill, Joiner & Co., Inc; H. M. g g 3 3 ;ur::s %rlémc:rv ?g A Byliesby & Co.; Blyth & Co., Inc; A. h 193 T ot B. Leach & Co.. Inc., and Eastman, 39% Am Power & Lt (r1). a1 cuher-fl.mvu%)i . 6' o 353’ Dillon & Co. The bonds are dated 165% Am Rad&Std San(1). 16% December 1, 1930, mature December 1, 5% Am Republics...... 4 6 % Davison Chemical 5 12% 12 1950, and are priced at 90 and interest % 29 Am Roll Mill (n2)... 324 DeBeers Min (al44). 50s 8% 8% to_yield 5.85 per cent. 525 Am Safety Razor (6) & 56 Deere & Co pf (1.40). 2 21 = 20% The company supplies electric light 3 Am Ship & Com...... 2 £ Delaware & Hud 1;)- 1(5J 132% 131% and power in 241 communities in Vir- 38 Am Shipbuilding (5) 70s 38 f," Lack ;vgw' z’ 1 69% ginia with a total population of over 44 Am Sm & Ref (4).... 31 44 Dm"fl‘z 'v . 245,000. Gas business is done in 9 131% Am Sm & Ref pf (1) 2 1di 131% etroit Edison (8) ; and ice business in 20 communities, 36 AmSnuff ($3%)..... b 8 37 38% in the oils were not large but 100 Virginta Plate Glass, bid. including Newport News and adjacent 2% AmSolv&Chem., .. 4 3 3 “ 8 they, too, went into mew low d, 1,500 Nat. Mort. & Inv. com., towns. Street railways are operated in 24 Am Steel Fdy (3). 3 26% D C t (4) 8 4 4 including this time Standard '011'”“0{ 5 ola, @ 3lc. Newport News and through a subsidiary " 110% Am Steel Fdy pf (7).110s 110% R LR D [ dewmy. Thi suaie st ne LI in Charlottesville. Sl 4 4 & 37% Du Pont de N (#4.70) 140 alone from general conditions but from 100 Vasco Products pfd. @ 2%. More Booms and Breaks Seen. e Hlvd o o n L . o DuPde N debpf (8). 1 116% the difficulties pecaliar to the oil trade. 200 Mike Martins Liniment, @ R. W. McNeel, Boston economist 5 Am Sumatra Tob. 8 4 3 g:g::; Ifiol;lz ;»r lgl- . of ’f}i Leaders Supported. > A < Copper stocks went down with the rest, and former newspaper man, has writ- 16 Am Tel & Cable (5. ten a fascinating little book entitled 178% Am Tel & Tel (9) Bastman Kodak (18) 38 151% taking Anaconda and Kennecott to new “Sick in Bed With Common Stocks,” 99 Am Tobacco (5) Eastman Kod pf (6).120s lows, among others, Bethlehem Steel in which he states very plainly that 100% Am Tobacco B ( Eaton Axle &8 (3).. 11 was under pressure again and a long « the days of business cycles are not 120 Am Tobacco pf (6).. Eitington-Schild.... 9 list of industrials violated their previous + * over and wilder markets may be ex- 95 Am Type Fdry (8).. . Elec Auto Lite ( 42 resistance points. Among the last named pected in the future along with the 50% Am Water Wks (3).. Electric Boat. 4 were J. I. Case, Allied Chemical, West- 100 North American Develop- ElPow & Lt (1)..... 1 inghouse Electric and Johns-Manville. ment, free stock, @ 3 Metropolitan Life Insurance Company Loans Made in the District of Columbia and Nearby Maryland and Virginia Loans for Fifteen Years Low Interest Rates No Life Insurance Required Censtruction Loans in Any Amount 2. 100 Gayety Theater, @ 110. 40 International Bank, @ 60. 400 Action Advertising’ Corpn. EAVEB BR! % 4 4 TRV BB e\ 30 Gt ot heuratee @ 7 REALTORS 0 Internat nan X S 1 nite @ise Washington Building units, @ 50. District 9486 t more serious breaks. One 98 Am Wat W 1st pf (6) 3 k i R IR MR e it prediction is the fact 5% Am Woolen,........ Bipow&Ltpe(8).e T fter the: IIGAL seIlAE (Codety b It e Ot . 7 o that people everywhere do pretty much 15% Am Woolen pf e s bee f“{;“f&;";{: aa'd R, then'a ! n Baseball. bid. ral s 5 rf 1. New York and California they ride in 29% Anaconda Cop (2%). 1 N P erican Cherrydale, @ 2615. the same automobiles, go to the same 20 Anaconda W &C (1). Fl» movies and earn their living in pretty 28 Anchor Cap (2.40)... 1 much the same way. 13% Andes Copper (1)... People act as a unit. In the stock 4 15 Archer-Dan-M (2)... market when a break comes most every- % 61 Armour of Del pt (1) body sells at the same time. As time 2% Armour of Ill (A) ; the same things. In Maine and Texas, 4% Am Zinc Lead & Sm. i e b orn Coal. . Can and American Telephone that car- 80 Clarendon Trust Co., @ 31. ried the prices for these issues above 2 Lincoln Hall Assn., bld. Saturday's finals. The improvement 100 Washington Sanitary Hous- gm not c:fit’("nd :10 :2;1 n;lu.s lrhnny rr]enc ing, bid. egree, althoug] gh Valley rallied briskly from its low. Trading was less THOMAS L. HUME active on the recovery, showing that Endicott-John (5). .. Endicott-John pf (7) Eng Pub Serv (2.40). Eq Offic Bldg (2%). . Brio R R .cooees 4 Erie RR 1st pf (4) Erie RR 24 pf (4).. i1 has gone on, all parts of the United States have been more closely con- nected by wire with Wall Street. This 1% Armour of Ill (B) 25% Armour of Iil pf ( 4 Arnold Constably 31 Eureka Vao Cleaner, 11508 9% Evans Auto Loading. 1 5 buyers were unwilling to follow prices up. Reasons for the day’s weakness were (Established 1899) 1412 G St. Nat. 1346-1347 Exchange Buf (1%). 4 22 Fairbanks Copf.... 30s Fairbnks Morse 1.60. Fashion Park Asso. . Fashion ParkAs pf..150s Fed Lt & Trac pt (6). 708 Fed Motor Tr (80c).. 1 Federa! Screw (1)... 508 Fed WatSvc A 2.40.. 7 Federated Dept Strs. 12 ; Mackubin, Goodrich & Co. 46 3 Fifth Ave Bus (64c).1040s 7% MU o Firestone T& R (1). 2 16% B A Firest T & R pf (6).. 5 60 First Nat Strs (2%). 13 43% N K E R s Fisk Rubbe: . 24 ] Fisk Rubber 1st pt, , 290, Figk Rub 1st pfev... 208 Florsheim Sh pf (6). 1 Follansbe Bros (1).. 4 Foster Wheeler (2). Foundation Co.. % Fourth Natl Inve Fox Film (A) (#)... Freeport Tex (45) 5 Fuller 24 pf (17.40). 100s 4 Gabriel Co (A) Gamewell Co ( Gardner Motor. % Gen Am Investors Gen Am Inv pf (6) .. o makes selling possible or buying pos- 80 Artloom pf (7). sible on a scale never before known. 20 Asso Appl Ind (4) That is why Mr. McNeel believes that 4 23% AssoDry G (23)... when the market turns it will go higher 85 AssoD G 1stpf (6).. than ever before and when stocks get | 242' 171% Atch To &S Fe (10).. topheavy tthey will drop faster and| 108% 102% AtchTo& SF pf (5). farther than they have yet. 1751 105 Atl Coast Line (110). ‘When a nation of investors meets 36% AtlGuif& WI(3).. « disaster in the market, either the 17% At Refining (12).... principles behind the program _are Atlas Powder (4). wrong, or those trying to apply them 9% Atlas Stores (n1). e knowledge, ability of stamina 2% Atlas Tack them correctly, he asserts. In 60% Auburn Au No Endorser 77 17% Austin Nich pr ciples are sound, but the trouble is 1% Asitokatens with the wouldbe investor. His views furnish . ;ood tonic for those thou- 2% Aviation Corp of Del sands of investors who bought stocks 19% Baldwin Loco (1%). before the crash and are still waiting 93 Baldwin Loco pt (1). for a comeback. 122% 59 Balto &Ohio (1).... 84% 74% Balto & Ohlo pf (4).. Firm Opens Rosslyn Office. 7 Up to $300 Under State Supervision This leiday Season Naturally Brmgs a Host of Bills It is not necessary to begin the New Year burdened with financial cares . . . 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. % Members New York and Baltimore Stock Exchanges Associate Member New York Curb Exchange 7277 2, 1 110% 106% Bamberger pf (63).110s 107 The American Small Loan Co. opened | 116% 109 Bang & Aroos pf (7). 70s 110 an office in the Arlington Trust Build- 844 53% Bang & Aroos (3%3). ing in Rosslyn, Va., today. The com- 20% 8 Barker Bros (2) 300 pany plans to serve the people living 34 10% Barnsdall A (2). on the Virginia end of Key Bridge, as Bayuk Cigar (3) well as Washington and surrounding 89 Bayuk Cig 1st pf (7). 50s towns, the new offices furnishing ample 674 Beatrice Cream (4). 4 business facilities. 35 Beech C}‘eek RR (2 108 The company is a wholly owned sub- 46% Beech-Nut Pkg (3).. 1 - diary of Domestic Finance Corpora- 215 Belding-Hemingway. 1 Gen Am T’k Car (3¢ 21 . Gon. with headquarters at Chicago. 76% Bel NRyptpft5.51. 1 177y G ASSHALL (8o ‘Through its subsidiaries, the parent 14% Bendl:gvu;l)lon ). .Z:: Y/ Y Y gg‘n 2"2} R y tes a total of 41 of- 4 Best 0 (2).. . €N Cable A....coun ;:'l‘:‘r&p?:c}atggwlnor:;:teslalcs, The Ross- | 110! 2":; Bethlehem Steel (6). 379 Gen Cable pf (7) 1yn office is the third office operating in 115 Bethlehem Stpf (). 3 _ Gen Cigar (4). the Washington territory. American 23 Blaw-Knox (1%).... 2 Gen l?lec(rlo (1.60).. Small Loan Co. at Alexandria, Va., and 17 Bloomingdale Bros. . 20s Gen Elec spec (60¢). First Industrial Bankers at Mount 1s% Bohn Alcumsgruv.) 1 Gen Fc“"‘}.‘é‘.”:("z%; 5 ~ a als " s of 60'» Borden Co (k3)...... en Gas e3lc E:étuch;?na:g: é‘ér‘x’)flf:a;l:lme 15 Borg, Warner (1)... Gen G & El cv pf (6). JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary Personnel of the Rosslyn office in- 50 Boston & Maine (4).. Gen Ital Ed (a2.62 Assets ......$5901,12248 Surplus & Profits. $1,818,655.92 10 cludes M. W. Bales of Alexandria, Va., 1% Botany Can M (A)... 3 1 Gen Mills 3). 3 43 5 Subscription for the 100th Issue of Stock Being Received 1 3 1508 H STREET WASHINGTON, D. C. REDWOOD & SOUTH STS. BALTIMORE, MD. Z Our Service is Personal and Confidential, and additional information will be cheerfully given, People’s Perl::nll Bankers, Bethesda Personal Bankers, 4 In 3308 Rhode Island Ave. Mt. Rainier, Md. 4. Phones: Hyattsville 1770-1771 Phone Wisconsin 4374 Public Small Loan Co., Inc. Maryland Personal Bankers, Rosslyn, Va. Inc. Ph Clarendon 2600 5 Ga. Ave., Silver S y e SR Foonest " Sheherd 2obt mags M1 Equitable Co-Operative Bldg. Ass'n Organized 1879 51st YEAR COMPLETED manager; C. Grant Tall of Alexandria, 12 Briggs Mfg Co e Motk SAVE AS YOU EARN assistar e Mrs. Mabel 15% Briggs & Strat Gen Motors pt (5) oo S e i 244 Brockway Mot Trk. . Gen Outdoor Adv. i e 7 16 Brockway Mot pf (7) 10s Gen Out Adv (A) (4) Opens Office in Washington. 57% Bkiyn-Man Tr (4)... 19 GenEeimt Tyt (6). llied Van Line has opened an 84% Bklyn-Man Trpf(6) 8 4 Gen Pub Sve b6 % st o,,:,l;'.’,e,,',‘ 1\,55,)};?,2‘,,, % 1000 Fermant 6'4 Dkiyn & Queens..... 1 Gen Ry Signal (5) avenue, with Walter Hall as repre- 991 Bklyn Union Gas (5) Gen Realty & Util. .. sentative. The members of the organi- 33% Brown Shoe (3)..... Gen R & Ut pf (e6).. zation in this city are the Security 70 That is the sure way to get ahead financially and the way to prepare for 113'; Brown Shoe pf (7).. Gen Refract (t4%). . 0% Lruns-Balk-Col. Storage Co., United States Storage Co., it ‘Guaranty Storage Co. and Smiths| 33% On g;é’;:‘:‘f"‘" i distance furniture moving and is open- PR e i 5 : e Ry pf 1 ing new offices in all parts of the coun- €% Bu heel ¢ E 3lidden Compan, llard Ct 11508 3 Gobel (Adolf). try in connection with an expansion| 74 14 Bullard Co pt Gold Dust (3%3. program. ; 2 Goodrich (B F). NS S e Burns Bros (B) . E Goodyear Tire (5) s g it o B 7% Burns Bros pf (1)... 108 Goodyear 15t pf (1) e it 18% Burr Add Mach (1).. 14 Gotham Silk Hoslery e O e 23% Bush Termmal (2%) 4 Gotham pf xw (7)... al Traction sold ex-dividend at 97 Bush Term deb (7)..110s M 1% Butte Cop &7 (50¢).. 5 1% t 987, and 99, and Po- | . 10 DudeRoo. - -4 1‘1(7" B 35% 3 S foroa A ich 36 Byers (AM)..... W35 Grand Unton. ... d_hands at 107 % '43% Calit Packing (1), Granite City St (3).. lway & Electsic pre-| 2% % Callahanjne & 14, Grant (W) (19.r1s figured in five 10-share-lot sales = 4 Gr North of (5). Bonds were quiet. There was V- Y Great Nor Ore(12%) 3 National Press Club 5 R e . - 305 10 Great Western Sugar rst transfer since this fssue o ekt (F3) .- 210 ; Soi g 5 Gr West Sug ot (1), dded to the sccurities in the un- 285 Cannonrdiin (1805, 2 19 74 Greene Cananea Cop i department s ftat ABTHIDCA). . 88 y % 2 3 Grigsby Grunow pital Adm A pf (3) 2 4 Guantanamo Sugar. Guif Mdb & N pf (6). Guif States Steel. ... Gulf St Stl 15t pf (7) 208 Hacken pf A (1%).. 1008 Hahn Dept Store: . 4 Hall (WF) Pr Co (2). 1 Hanna pf (new) (7). 108 Har Wk Ref (123). Hartman Corp (B).. Hayes Body......... Helme (GW) (7). Hercules Mot (1.20) .. Hercules Powd (3)., Hershey Choc (5) Hersh Choc Dt (15 Hoe (R) & Co Houdatlle Hershey. . 4 Houston 01l (b10%). Over a Third Houston O1l (new).. 8 Howe Sound (t43)... 2 of o Hud&Man Ry (3.60). 36 Gen Theatre Equip. . Gillette Saf Raz (4). Gillette Saf R pf (5). any emergency. We will gladly explain our sys- tematic saving plan. Endurance LR X X X J - T HE Christmas tree is the living sym- bol of the happiness and joy in the gift-giving of the Yuletide season. In planning your présents to your family, why not make lasting and living gifts » « . gifts that will be of value for years. L XX 2 X4 A4 * e BUILD UP A PROFIT- EARNING RESERVE Calls Conditions Unchanged. ! > Credit Monthly, representing the 2 of Cr Men, practically the 814 28 24 Cavan'gh-D pf (6%).1008 3. 10% Celanese Corp . 17 as in Novel Of 100 cities e CeIOTEE o 3 reported brisk sales_and none OO CONE.. ported good collections. Sixty-seven 508 /CoRv A FUlSTe RS, other cities reported sales as “fair” and 1954 Cent RR of NJ (112) 30 characterized sales as 5 8% 24 Cerrode Pasco (4).. 2% Certain-teed Prod. .. 16 Checker Cab (1.80).. E. D. Bellknap, vice president of the 374 Ches & Ohio 124 ). .. Wallpaper Association of the United 3612 Chesapenks Corp (3) States, will speak on “Art of the Ages % Chic & Alton allpaper” over the Columbia Broad- 1 Chic & Alton p stem Saturday night. 7% 5 ChioGreat Wes which maintains 17% Chicago Great W ton Hotel, has 51 Chic Mil St P & Pac. in Florida— 94 Chie M1I St P & P of. \one at Palm Beach and the other at 34% Chi & Northwn (4).. Miami Beach. 7% Chic Preu Tool. ... £ 22 Chi Pneu T pf (3%). 53 ChicR1& Pac(7)... CRUDE OIL PRICE. 83 ChicR1&Ppf (6).. 3. NEW YORK, December 15 (#).—The M i it b average price of crude ofl at 10 pro- T2% Chickaaha Gotton Ofl ducing fields was unchanged last_week 270 CRilds Co (240 . s from the preceding week at $1.245 a 14% Chrysier Corp (13, barrel, Ofl, Paint and Drug Reporter g R I says. The average for the correspond- 79" City loe & F pf (634 ing period last year was $1.612 a bar- 3% City Biores (5001, .. Tel. Gasoline at the refineries was low- 20 City StoresA (3%) er last week at 5.31 cents a gallon at 17 Clark Equipment (2) four principal refining centers, com- 98 CICC&StLDE(5).. pared with 5.375 cents a gallon the pre- T0% Cley & Pitts (3%). vious week. 21 Ciuett Peabody (3) ——————— 191% 1334 Coss-Col ‘A"ii 52% 4814 Coca-Cola A (3)..... CALDWELL C0. INVENTORY 47% Colgate-Pal-P (334, NASHVILLE, Tenn, December 15 97 Colg-Palm-P of (6).. (@).—Receivers for Caldwell & Co., in- 12 Collins & Atkman. vestment banking house, filed an in- 93 Colonial Beacon. ... wventery in Federal Court here today. in 20 Col buel & Iron (1).. ‘which labilities were listed at $39,580,- 41% Colo & South (3) . 656.02, with assets at book value total- 32 ColGas& El (2). R ‘ing the same amount, 99 s-&uuhllptA‘a 3 - A suggestion for a lasting gift are the 6 PER CENT FIRST MORTGAGE NOTES offered through Swartzell, Rheem & Hensey Company. For your children, particularly, gifts of these se- curities will form the nucleus of savings to grow as they grow. For the older members of your family these Notes with their generous assured semi-annual income yield are gifts of lasting value. This can easily be accomplished through investment in our 69 FIRST MORTGAGES Other Financial Notes. . ® 0.0 0 0.0 ¢ ! [STSOOY ey 7 They will give employment to your surplus funds—and pay this liberal interest while so invested. - RaS With their record of MORE THAN 61 YEARS WITHOUT LOSS TO A SINGLE INVESTOR, our First Mortgage Notes can be ranked among the safest of in- vestments. They ean be purchased in denominations of $100 and upwards. L IR R J Hudson Motors (3). 2 o Hupp Motors. - v h Century inots Central (1).. o Illinois Cen Is In (4) Without a Indian Motor Cycle. . 5 X Ina MotorCyele pt 2 Loss indian Refining . 39 3 3 Indus Rayon (4) Ingersoll Rand ( 175% 172 fuland Steel (4). 59 59% Inspiration Copper. Insurance Sh (45c). Ins ctfs (Md) (80¢).. Interboro Rap Tran. Interbor Rap T c.0.d.. Intercont Rubber. Interlake Iron (1) o 4 Int Agricultural Int Agricul pf (7) Intl Bus Mach (né; Intl Carriers (26¢).. Intl Cement (4 Intl Combustion. : Intl Harvester (334). 65 b1% 49% | THERE IS NO SUBSTITUTE FOR SAFETY (Continued dn Page u.‘: = The principal is fully secured by improved real estate con- servatively appraised. SwARTzEWL, RHEEM & HENnSEY Co. May be purchased in amounts from $250 up. F. SAUL CO. 925 15th St. N.W. LIRS AR A AR A2 A2 A2 A0 S R o e XXX XX R X National 2100