Evening Star Newspaper, December 26, 1930, Page 13

FINANCIAL. UTILITIES REPORTS FILED HERE TODAY Three Statements on Novem- ber Earnings Submitted to Commission. BY EDWARD C. STONE. ‘Three important reports—Potomac Power, Washington Railway & Electric and Chesapeake & Potomac Telephone —were flled with the Public Utilities Commission today. ‘The Potomac Electric Power Co. sprung a surprise by reporting a decline in November earnings, compared with the same month last year. The other months of the present year have wit- nessed substantial advances. Officials of the company assigned the reason for the unexpected drop in earn- ings to the unusually fine weather in November. A year ago there were a la; number of dark, cloudy days, w required electric lights almost constantly in the downtown district. ‘This year almost every day in the montn ‘was clear and sunny. Operating revenues for November amounted to $927.699.79, compared with | - $924,643.79 in November, 1929, an in- crease of $3.056. Revenue deductions ~equired $457,582.79, compared with $399,463 a year ago, an increase of $58,119.79. These operating deductions left net operatnig revenues of $470,117, against $525,180,70 last year, a decrease of $55,063.79. After all the other usual deductions the company reported net income for November of $432,045.92, compared with $467.843.28 a year ago, & slump of $35,797.36. For the first 11 months of 1930 the Potomac power company reported op- erating revenues of $9,549,433.90, com- pared with $9,918,917.33 last year, & gain of $530,516.57. Revenue deduc- tions totaled $4,880,265.99, against $4,605,06347 in the same period in 1929. This left net operating revenues of $4,669,167.91, against $4,413,853.86, an increase of $275,202.52. ‘Miscellaneous income totaled $268,- 52744, in comparison with $202,179.97, wln of $66,347.47. After all other ctions the company reported a net income for the 11 months of $4,188,- 663.39, compared with $3,735,613.74, or an h;mue 50 far this year of $453,- 049.65. ‘W. R. & E. November Net Up. The Washington Railway & Electric Co. a gain in November earn- ings. Operating revenues totaled $466.- 201, against $479,124.59 last year: ex- penses and taxes required $406,924.53, compared with $398,742.72 a year ago, Jeaving an operating income of $59,- 276.47, compared with $80,381.89 in No- vember, 1929. Nfln-wentmg income showed an in- crease, being $381,584.40, in comparison with $355,043.78 in November. 1929. Following the usual other deductions, the company had a net income for No- ‘vember, 1930, of $385,529.27, compared with $377,520.15 in November, 1929, an increase of $8,000.12. For the first 11 months of the present year Railway & Electric oper- af revenues of $5,053777.32, com- with $5,286,556.32 a year ago. Operating expenses took $4,315,507.92, against $4,428,104.85 last year, leaving an operating e of $735,269.40, against $858451.47 a year ago. Non-operating income totaled $1,679,- 09471, against $1,579,357.59, giving the corporation a gross income for the period of $2,417,364.11, compared with $2,437.800.06 in 1929. After all neces- sary deductions the company’s net in- come for the 11 months stands at $1,796,119.11, compared with $1,770,- 089.61 in the co: nding period last year, or a gain of $26,029.50. C. & P. Net Income Gains, Balance net operating income of the Chesapeake & Potomac Telephone Co. for the 11 months ending November 30 amounted to $1,183,183, which was an ll:l.?tlse olmll'l,“b over the same period year, the report of tions just filed with the Public Utilities CvargflaE sion shows. Balance net operating income for No- vember was $136,930 as compared with $104,562 for the same month in 1929. Telghom operating revenues for No- amounted to $744,534, with ex- penses of $514,864, making telephone operating income after deducting taxes and uncollectible $173,622. Telephone operating revenues for the u mol;tgmgv!éfufl#?gawl with ex- nses per of $5,732,326. After deducting taxes and uncollectible the net operating income amounted to 1,509,947. Taxes for the month of lovember were $51,926, which was an of $7,325 over the same month last year. Taxes for the 11 months ending November 30 were $521,117, an l:‘enue of $8,463 over a similar period year. Capital expenditures for new plant and nt for the first 11 mgm.ha of the year amounted to $3,163,384. Gross retirements during this period were $2,936,780, making net additions $226,604. Net additions to plant for the 12 months ending November 30 amounted to $380,862. At the fll’(\)u of buamdeu, November 30, | was served by 167,536 tele- phones. - The net increase for Novex:)ebl:rl i | Was 1,499 and for the 11 months, 8,623. Telephone users during the month made 17,336,971 calls, which was an increase 2.6 per cent over the number made | the same month of last year, | M‘mm. Quiet on Exchange. | was dull on the Was] | Btock Exchange today, being confined | to just four sales. In the bond division | & baby Washington Gas 6, series A, sold | &t 101% and $1,000 Barber & Ross 6% | hatiged hands ;Tu,'i 84. e stock side a small lot of Wash- ington Railway & 'Electric preferred | came out at 97% and four shares of Woodward & Lothrop preferred sold without the present dividend at 106. | In the local financial district today | it was assumed that the reduction 01| the rediscount rate in New York to 2 per cent will prove a helpful factor in strengthening the present situation. The | move caused favorable comment among both bankers and brokers | E. W. Smith, vice president of Penn- | sylvania Railroad in charge of opera- | tions in the central region, with head- | | | quarters in Pittsburgh, has resigned to become co-receiver of th Tine Railwa e Seaboard Alr By the Associated Press. NEW YORK, December 26.—Several in the shirting market report their sales this year represent greater yard- age than they moved the sear before, b their, dollar returns are appre- ciably behind previous results. This, they explained, is only in respect to their broadc] , the movement of fancles having subsided substantially meanwhile. v The Midwinter “fiyer” catalogue of Bears, Roebuck & Co. announces some liberalization of time-paymeni terms in reflection of lower prices. The mini- mum on time-payment orders has been reduced to $20 from $25, with a down payment of $4 and monthly payments of a $5 down payment and $5 payments formerly. Buying interest in dried fruits been r:&ar inactive, but trade :v.wn the manner in wuich the been at least indi- mmwwoxnsmr lace- eplace- &mm, On the West %ou“l’v 'y ers are ehoe s frowers are Holding the has rts Note—All stocks are sold in one hi excey those designated by the led which shows those stocks to be sol only. undred-share lots tter & (80s) (250s) in odd lots Individual sales compiled to noon—complete in 5:30 Edition. Prev Close Close —Prev 1930~ igh 9% 154 35% 107% 998 343 Stock and Low Dividend Rate. 814 Abitibi Pow & Paper 36 Abitibi P& P of (6). 14% Adams Exp (1.60)... 3 Advance Rumley.... 10 Advance Rumley pf. % Ahumada Lead...... 871 Air Reduction (t4%) T4 Afrway El Ap (60c). 1 Afax Rubber. . § 41 Alaska Juneau(40c). 6 Albany Wrap Pape: 5% Allegheny Corp. . 45 Alleg Cp $30 ww 53 . 45 Alleg Cp $40 ww 614 170% Allied Ch & Dye(n6). 120% Allied Ch& D pf (7). 81% Allis Chalmers (3) 11% Alpha Port Cmt (2). % Amal Leather. .. 16'% Amerada Corp (2)... 17 Am Agri Ch pf ctfs.. 4515 Am Bank Note (13 214 Am Beet Sugar 31% Am Br Shoe (2. 118 AmBrSh&Fpt (7 6% Am Brown Bov Elec 104% Am Can (16) 25% Am Car & Fd. : 75 Am Car & Fdy pf (1) 27 AmChain (3). 9 Am Com Alcoh: 17% Am European Sec: 25 Am & For Power Am & For Pw ot Am & For Pw of (7 6315 Am & For Pow 24 D 5% Am Hawailan (a10. 1% Am Hide & Leather, 461 Am Home Pr (4.30) 24% Am Ice (14). ‘ 16 Am Internatl (3).... % Am La Fr & Foamite 19% Am Locomotive (2). 29% Am Ma & Fy (11.65). 13% Am Metals&Min (1) 96 Am Metal pf (6). 36% Am Power & Lt (r1). 75 AmP&LDfA (3%) 15% Am Rad&Std San(1) 5% Am Republic 29 Am Roll Mill 4 5214 Am Safety Razor (5) % Am Ship & Com 35 Am Shipbulldini 3914 Am Sm & Ref (4)... i 100% Am Snuft pf (6). 5514 69% 26% 27 274% 127 130% 129 124% 204 44% 17% 9% 8113 534 513 374 29% 82% 108% 122% 110% 4 1% 2% Am Solv & Chem 5% Am Solv & Chem 86% Am Stores (12%) 40 Am Sugar Ref (5’ 5 Am Sumatra Tob. 16 Am Tel & Cable ( 170% Am Tel & Tel (9).. 98% Am Tobacco (5). 99% Am Tobacco B (5). 120 Am Tobacco pf (8) 47% Am Water Wks (3) 5% Am Woolen.... . 15% Am Woolen 3% Am Zinc Lead & 49 Am Zinc & Lead pf. 26 Anaconda Cop (2% 20 Anaconda W & C (1) 25% Anchor Cap (2.40)... 10% Andes Copper (1) 13% Archer-Dan-M (2 61 Armour of Del pf (1) 2% Armourof Ill (A)... 1% Armour of Il (B). . 25% Armour of Il pf (7). 3% Arnold Constable 4% Artloom Corporation Asso Dry G (2%)... Asso DG 1st pf (6).. Asso DG 2d pf (7)... Atch To & S Fe (10). Atch To & 8 F of 3¢ AtIGuUIL&WI(3). 48 AtGulf & W 1 pf (5) 16% At Refining (13). 42 Atlas Powder (4).. 8 Atlas Stores (n1) 60% Auburnp Auto (14)... 1% Austin Nichols. 2% Aviation Corp of Del 19% Baldwin Loco (1%). 55% Balto & Ohlo (T).... 104} Bamberger pf (634). 52 Bang & Aroos (3%). % Barnet Leather. 8% Barnsdall A (2). 23 Bayuk Cigar (3). 46% Beech-Nut Pkg (3).. 14% Bendix Aviation (1). 30% Best & Co (2).. 100 Brockway Mot pf 55% Bklyn-Man Tr (4). 53 Bklyn &Qu Tr pf(5). 98% Bklyn Union Gas (5) 10 Bruns-Balk-Col. 5% Bruns Ter & Ry 11% Bueyrus (1). 21 Bucyrusevpf (3% 6% Budd Wheel (1).. 9% Bullard Co.... 81 Bulova Watch (3 18% Burr Add Mach (1) 108 Bush T Bldg of (7).. 1% Butte Copper & Zinc. % Butte Superior.. 10 Butterick Co 33% Byers (A M).. 43% Calif Packing (4) 28% Calumet & Artzo 7% Calumet & Hecla 805 Canada Dry G A ( 35% Can Pac new (2%) 17 Cannon Mills (1.60. 7% Capital Admin (A) 297 Capital Adm A Df ( 92 Car Clin & O sta (5). 83% Case (J 1) ¢ 22 Caterpillar T s 3 18 Cent Aguirre As1%. % 189% Cent RR of NJ (112) a4 60 191% 647 36% ant of ir crops for better ns to have one of 23 Century Rib Mills. .. 21 Cerro de Pasco (4) 2 Certain-teed Prod. .. 8% Certain-teed Prod pf 32% Ches & Ohio (3%)... 32% Chesapeake Corp (3) % Chic& Alton ...... 3% Chic & Alton pf. 4% Chio Great Western. 12 Chicago Great Wn pt 4% Chic M1l 8t P& Pac. 7% Chie Mil St P& P pt. 80% Chi & Northwn (4) 7% Chic Pneu Tool. ... 224 Chi Pneu T pf (3%) 46% Chic R 1& Pac (7).. 12 Chickasha Cotton Oll 23% Childs Co (2.40).. 1434 Chrysler Corp (1)... 844 City lce & F' (k3.60). 79 City lce & F pf (634) 214 City Stores (50c). .. 17 Clark Equjpment (2) 21 Cluett Peabody (3).. 183% Coca-Cola (6).. 44 Colgate-Pal-P (2%4). 12 Collins & Alkman. . 8% Colon! 18% Col F' 99 Co! Gas & Ei pf A (8) 7% Colum Graph (a%).. 66% Columbian Carb (16) 16% Comm Credit (2) ... 304 Comm Credit A (3) 20% Comm Credit pf B(2) 21% Com In Tr (£1.60). . 14 Comm Solvents (31) 7% Comwith & 8o (80¢). 861 Comwith & 80 pf (6) 6% Congoleum-Naira. .. 564 Consol Cig pr pf 6% . 56 Consol Cigar pf (7).. 10% Consol Film «2)..... 14 Consol Film pf (3). 8% Consol Gas N ¥ (4).. 99% Cons Gas N ¥ of (§). 81 Cons RR Cubpf (§). % Consol Textile, . 2 ContainerB . 17% Contl Baking A. t! Baking 2% Contl Motors. .. 7% Contl Ofl of Del Cont 2 2 17 » BTSSR PN -1 ST @ - o8 B SubT et oo caawnnonaSBunneaBoann R o oS oene aee S [ YPFA TSI TN SaBoalun [P 2 o = 8% - - g Bebluwniie eSnedtasTadan 8% 24 142 47 % % 1 Dates— Add 00. Bigh Low B4 39 16% 3 % 3815 46 9% 8% 39 15% 3 10% 6 24% 1384% 1 46 124 9% 8% 40 16% 3 10 54% 101% 103 0! 42% 46 12% 9% Sales— Stock and te. Add 00. High. 55 ~Prev.1930~ High. Low, 98% 50 54 7 19% 9 Curtf Curtis Publish pf (7) Curtiss Wright Corp 28 Curtiss Wr Corp A.. Cutler-Ham (3%) Davison Chemical Delaware & Hud ( Del Lack & Wn (17) Detroit Edison (8). Devoe & Ray (1.20) Dome Mines (1) Dom Stores (31.. Drue Corporat (4) Dunhill Internatl. Du Pont de N (14.70 8’ Du P de N deb pf (§) 3 118% Eastman Kodak (18) 32505152 Eaton Axle (1.60) 3 14 Blec Auto Lite (8 Electric Boat. El Pow & Lt ( El Pow & Lt pf - Swnnsrnare s Brant (A). Emerson-Brant (B). Fndicott-John (5) Eng Pub Sv pf (5) Eq Offic Bldg (2% rie R R. Evans Auto Loading. Fairbanks Co pf. Firestone T& R (1) % Firest T & R pf (8 Gabriel Co (A). Gamewell Co (5 Gen Am Inv pf (8).. Gen Am T’k Car (24) Gen Asphalt (8).... Gen Baking pf (8). Gen Bronz Gen Cable A Gen Cable pf (7). Gen Cigar (4) 30 Gen Elec spec (80c). Gen Food Corp (3).. Gen Gas&El A(e30c) Gen Mills (3). Gen Motors (13.30' Gen Motors pf (5) Gen Outdoor Adv... Gen Out Adv (A) (4) Gen Pub Svc b6 % stk Gen Ry Signal (5).. 1 . 115 GenR& Ut pf (e6).. 2 Gen Refract (t4%). 4 Gen Theatre Equip. 4066s Gillette Saf Raz (4). 12 Gillett: 5 Gimbel Bro: con Gimbel Bros pf (7). Glidden Company Gobel (Adolf).. Goodrich BF pf (7). Goodyear Tire (5)... Goodyear 1st nf (7). Gotham Silk Hoslery Gotham 8 H pf (7). V.o Grand Silv Strs(h1). Grand Unfon ...... Granite City St (3).. Grant (W T) (1), Gr North of ()..... 1 Great Nor Ore(12%) 14 Great Western Sugar 13 Gr West Sug of (7). 5208 Grigsby Grunow. 7 Guantanamo Sug 10s Gulf States Steel, 4 Hahn Dept Stores... 13 Hahn Dept S pf (6%) \ 2 Hall (WF) Pr Co (2) 1 Hamilton Watch 1.80 1 Hamilton W pf (6).. 10s Har Wk Ref (124).. 1 2% Hartman Corp (B).. 6 Ha; ody. ....... 41 Hercules Mot (1.20). 1 Hercules Pow pf (7). 10s Holland Furn (12%) 8 Hollander Son: . Houdaille Hershey. . Hersh Choo of (15). . Household Fin pf (4) Houston O11 (b10%) Houston Ofl (new). Howe Sound (t4%) Hudson Motors (3. Hupp Motors. Ilnots Central (7. Indian Motor Cyel Indian Refining. ... Indian Refining rcts. Indus Rayon (4).... Ingersoll Rand (16). Inspiration Copper. . ranshar,Del 40c. Ins ctfs (Md) (60c). Interboro Rap Tran Interlake Iron (1) Int] Bus Mach (né Int] Carriers (50c Intl Cement (4) Int] Combustion Intl Hydro El A (e2) Intl Mateb pf (4).... Intl Mer Manine . Int] Nick of Can (1). 112 Intl Paper & PwrA. 72 Intl Pap & Pow (B). 57 Intl Pap & Pow (C). 6 Intl Pap & P of (T) 3 Intl Printing Ink.... 20s Int Print Ink pf (6).. 108 Intl Salt (3)... i Int Shoe (3). . 5 808 Inter Dept Strs (2).. Investors Equity.... Johns-Manville (2) Jordan Motor Car. Kans City Sou pf inator Corp .. Kend Co pf (16.37).. 20s Kennecott Copper(2) 100 Kimberly-Clark (13) 1 Kinney (GR) of (8). 10s Kolster Radio 6 Lehn & Fink (3). Libbey O Ford Gl Liggett & Myer (15 M (B McKeespt Tin P1( McKesson & Rob (1) I ——— T —— 3 3 2% 2% 25 26 16 116% 1. % 284 4% Prev. w. Close. Close. 65% 634 1 1% 15 16% STOCKS IRREGULAR IN QUIET MARKET Weakness in Some Issues Accompanies Renewal of Tax Selling. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, December 26.—Scat- tered tax selling and & few cases of weakness in individual issues were &c- companied by a show of firmness in the general list in today's quiet trading in stocks. Taking the market as a whole, there’ was no discernible trend. Recording of losses for tax income urposes went on throughout the da; ‘here are only five more business ses- sions in which this sort of selling can be done and on the last of these days such orders will have to be executed for cash, but meanwhile it weighs the market down, in issues which have sul lines from the highs of the year. Trading Features. One of the stocks under pressure was Gillette Safety Razor, which made a new low for the year in the first hour. _Selling under $20 a share it was off over 86 points from its 1930 high—a depreciation of more than 80 r cent. Several large blocks of the low priced International Paper shares came out on the tape during the morn- ing, likewise apparently an instance of tax selling. Merchandising stocks were heavy dur- ing the early trading, with Macy & Co. at one time off from 3 to 4 points and not much above the year's low. Sears, Roebuck and Montgomery Ward held. their itlons with difficulty. A num- ber of the railroad stocks were down 1 to 2 points, including Southern Rail- way, Rock Island and Baltimore & Ohio. Atchison, Pennsylvania and New York Central, the last named selling “ex” the $2 quarterly dividend, were relatively In the rest of the market the motors were firm, reflecting the approach of the annual show season. Executives of the automobile companies express con= fidence in the outlook and the stocks act better than any other one group on the list. General Motors and Chrys- ler sold around the best of the current recovery. Leaders Firm. ‘There was no weakness in the pivotal industrials, United States Steel, Ameri- can Can or Standard Oll of New Jersey. The last named was up over & point during the morning. Another 2 stock was Anaconda Copper, buying of which was based on the encouraf analysis in the official statement given out at the dividend meeting Wednesday. Like the motors, the copper shares are thoroughly liquidated and in a posi- tion to respond immediately to any improvement in e. There was a dearth of news_ that might have affected trading. Many operators were away from the Street, volume was very low and there was a general lack of interest. Call money renewed at 2 per cent and was at that rate because of end of the year requirements. Early Market Dull Dullness gripped the stock market early today with the result that the small price fluctuations were virtually munln{l::& ‘The of important business or financial news over the holiday and the fact that many of the European ex- changes are closed for the rest of the week, together with the absence many traders, caused sales in the first "| half hour to fall to 181,000 shares, the smallest for any period since December 3, when dealings amounted to 164,000 shares. Call money renewed at 2 cent and was in abundant supply at that rate. Gillette Safety Razor by its decline of more than 1% points reached a new low. General American Tank at 55, off 2% points, likewise established a new minimum mark. Auburn Auto moved within a range of 3 points, thereby proving itself to be a wider mover than | other shares. United States Steel, after opening fractionally lower and then slipping & point, recovered. Montgomery Ward and International Telephone each equaled its previous low and then rallied. POTATO MARKET. CHICAGO, December 26 (#) (United State Department of Agriculture).— Potatoes—Receipts, 114 cars; on track, 229 cars; total United States shipments, ‘Wednesday, 517 cars; Thursday, 32 cars; firm on McClures, about steady per cwt., Wi 2 of | inkimated FURNITURE TRADE IN BETTER SHAPE Depression Has Weeded Out Weak Firms, Says Head of Mart. BY WALTER BROWN. Written for the Associated Press. CHICAGO, December 26.—The de- pression of the past year in the opinion of V. L. Alward, president of the Fur- niture Mart, has forced weak furniture manufacturers out of business, but left the survivors in a better financial posi- tion for the expected revival. The fading year is the worst in the history of the industry, he said. Weaker companies have been “weeded out,” leaving the industry in “strong hands.” Return to Normal. A return to normal operation in fur- niture factories means much to several States, and something to*many. In Illinois, for instance, there are 365 fac- tories or were at the last census taking. [ndiana has 210 plants scattered through 53 counties. More than half of the kitchen furniture sold is made in In- diana. Michigan had 173 factories, Pennsyl- vania, 269; Ohilo, 174, and North Caro- lina, 143. The latter State is the most important maker of bedroom furniture. Furniture Mart officlals consider the reservations for the January 5 show an indicator that retailers are in a buying mood and that the furniture business will take the upgrade in late Winter and early Spring. The 1,357 retailers from Illinois who attended last Summer’s show repre- sented a buying power of $72,600,000. ‘The 403 from Indiana had a rating of $22,000,000. Pennsylvania sent 277 buy- ers, rating $40,000,000; Michigan 331, | rating $25,000,000; Wiscorsin, 348 buy- {ers, rating $18,000,000, and Ohio 557 tains | buyers, rating $49,000,000. “The amount of capital required to conduct a furniture manufacturing ?mneulsm\wh :grmtgd:yth":nn lew years ago, an nee of 1930 in mind, banks ly will be slow extending & line of credit to new concerns,” Alward said. Take Optimistic View. Both wholesale and retail furniture | concerns look forward to the January show here with optimism, the whole- | salers expecting greater sales, and the retailers greater wholesale bargains. Expectations of both are likely to be realizes d. Reports show that many small furni- 'ture plants were idle all year, while larger manufacturing concerns oper- ated on reduced schedules. Production | schedules for new year indicate in- creased operations. Exhibitors of all lines of furniture | are quoting prices 5 to 20 per cent un- der last year. They also contend that the articles are better made and the styles more generally pleasing to all pocketbooks. — BANK RUN INVESTIGATION PURSUED IN NEW YORK By the Assoclated Press. NEW YORK, December 26.—Com- munists @nd short-selling brokers of bank stock were equally suspected today in official attempts to trace to inspired hich has resulted in authority prej accusations, although it was the State banking depart- ment had information tangible enough to warrant the attention of District At- torney Crain. The closing of the Chelsea Bank & Trust Cg., a &Tnn Im?muon hmmedwb largely by stage people, was v Sokoh &, Broderick, State banking su- perintendent, upon a run which dnmed in proportions until the doors had to be closed to safeguard the institution’s as- sets. PENNSYLVANIA RAILROAD. NEW YORK, December 26 (Special). —The November earnings statement of the Pennsylvania Railroad today shows a_decrease in net rating income of $2,016,681, compared with a year ago, and a reduction of $33,000,000, or about 328 per cent, for the 11 months to No- vember 30. Subscribe Today It costs only about 1%, cents and 5 cents Sundays to E:‘:"dgwwg. best newspa- every evening and day morn- 1.60; Idaho russets, No. 1, 1.75al. ordinary, 1.65a1.70. No. 2, 1.25a1 ordinary, 1.65a1.70. ore 1.15. Cols SILVER QUOTATIONS. NEW YORK, December 26 (#).—Bar silver, 31% DIVIDENDS DECLARED NEW YORK, December 26 (#).— Amer New h m 8t Bk & T (Pii). Anglo Pers Ol Co Lt ‘Amer Dep Rec. Anaconda Copper .82 Anaconda W! [ IS 31T, rotamsesiins SRS e e e : WESREEE . EERERERSE., Bew Fulton Gimbel Bros pf. Hotel Gibso BEEE 233 Ay . 3¢ . 3 . 20 . 18 Dec’ 15 558 eeenbos Haee e [ Mot e W HY Mo s g g 8o Pitts Water... . 31 Midwest Refining. $14 — Dec. 33 Resumed. 3l%e Jan. 36 Accumulated. YB°E Bebeae 37 — Jan. 1 Brigss Mfg i B Stock. Am Cit P&L B...2%% son | ZHacl 44'p ‘elephone National 5000 and the delivery will - ately. The Route Agent will col- lect at the end of each month. LOANS TN requesting loans, ¥specify the amount needed, together with a brief outline of the properties and their approximate valuation. ‘We purchase 2nd trust notes secured by improved s real estate. REALESTATE ORTGAGE & G Y CoRPORATIOR | | Capital Resources, $3,800,000 Andilss 1610 K St. N.W. loF———[a|c—] Public Service Corporation of New Jenez- Dividend No. 94 on ‘mon Stock Public Service Electric and Gas Compan Dividend No. 26 on 7 Dividend No. 24 on 6 CirintveBrafoeedSted The Board of Directors of Public Service Electric and Gea Company has declared the reg- FINANCIAT. STEEL ORDERS GIVE WORK TO THOUSANDS Carnegie Company Prepares to Increase Pay Rolls at Mills. Special Dispatch to The Star. PITTSBURGH, December 26 —Large orders on hand will give employment to several thousand men in the rail mills of the Carnegie Steel Co. for the first six months of the new yea Orders for 170,000 tons of for ,Juse in 1931 have been placed by the New York Central Lines, and of this quantity the Carnegie Steel Co. will roll 11,380 tons. To Illinois Steel has been allotted 62,000 tons, to Inland Steel 13,900 tons and to the Dominion Steel & Coal Corporation 2,000 tons. One-half of the order is for immediate delivery. Carnegie Steel also expects a large proportion of the $15,000,000 rail and track equipment order to be placed by the Pennsylvania Railroad for its 1931 requirements. Other roads, following the lead of these two, are expected to place orders in a short time. Steel mills are expecting from these operations, which will fall below 30 per cent of capacity during the holiday period, an impetus for the coming year. s i I SR U. S. RETAINS ITS LEAD AS CHIEF STEEL USER By the Assoclated Press. NEW YORK, December 26.—Per eapita steel production the world over declined this year, but the United States retained -its lead as the largest per capita user as well as the greatest pro- ducer, says Steel, formerly the Iron Trade Review. For each inhabitant of the United States 731 pounds of steel ‘were consumed this year, compared with 999 pounds in 1929. Second to the United States were Bel- gium ang 5[a,xl|xflnh\ém combined, which consume: pounds per capita, against 937 pounds in 1929. Great Britain re- third position with 356 pounds this year, against 581 last year. REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Fi ir;! Mortgage Loans Arlington Count Alexasiaria, Virginia Commonwealth Investment Co., Inc., 806 15th St. N.W. Phome National 2623 I Munfin Loan Correspon for The Prudential Insurance Co. of America O JOHN JO Assets inized 1879 EDSON, President 1st YEAR CO! WALTER 8. PRATT, Jr., ceeeess..$5,901,12248 Surplus & Profi Subscription for the 100th Issue of Stock Being Received 3,50r10" YearLoans On Improved Real Estate S SR POSSEMELPS ZLoan Correspondent John Hancock Mutual Life Insurance Co. 1417 K St. National 9300 L Money to Loan Frevaliing interest mad. bommnalenr i Joseph I. Weller ‘35,7 % & Tram dvntaes n e Shqreham Building Custom-Built Accommodations g REDESIGNING o f available space may be done to meet your specific needs. We shall be glad to consult with you as to your require- ments and submit a sug- gestion for carrying out the details, For this reason the finishing touches remain to be done in spaces of various size. Why not start the new year as a member of the Shoreham Building “family”? Representative of the Owners SHOREHAM INVESTMENT CoMPANY Rental Office Room 520 15th at H National 5643 Equitable Co-Operative Bldg. Ass’'n siarnetion SYSTEMATIC SAVING That is the sure way to get ahead financially and the way to prepare for any emergency. We will gladly explain our sys- tematic saving plan. 915 F St. NW. Want to get in touch with three capable salesmen of good char- acter, backed by good production records, who might consider change to new selling field of su- perior stability. Good income. Riding on crest of wave even in this present depression. Should appeal particularly to' bond and security salesmen. This Company has had a business career of eighty- eight years and paid out over Six Hundred Ninety-Eight Millions of Dollars in dividends. Address BOX 424—E, Star Office. F 1 RIS T MORTGAGES " KEEPING IN GOOD FORM FINANCIALLY L] Your money should not lie idle, but should be put where it will produce a healthy return. An investment in our 6% FIRST MORTGAGES Over - a Third of a Century Without a Loss ly pay curity will keep your surplus money, actively and profitably engaged . building up a strong financial ¥ reserve for you.. They definites 6%, with the ample se« of conservatively ap- praised real estate. -‘May be purchased in amount$ from $250 up. B{ F. Natip}lal 2100 $'l THERE 1S NJ SUBSTITOM UL .GOS 925 15th St: N-WEY