Evening Star Newspaper, January 7, 1931, Page 14

A—14 exe WARNING IS ISSUED - TOBOND SELLERS) ~ Holders Urged to Learn Real Values of Securities Be- fore Making Moves. Unscrupulous “sharpshooters” among bond brokers have been severely scored by the Mortgage Bankers’ Association of America through statement of its board ©of governors. Likening their operations to those of the most vicious bear raiders on Wall Street, it is cited that their tactics in- clude every device of propaganda to lower the. prestige of real estate bonds and coerce timid investors to sell their holdings at prices far below true value. Reference is made to the knowledge of the securities division of the State of Tllinols that certain persons are finding it table to circulate adverse rumors as to the stability of real estate mort- bonds and thereafter to pick up uable bonds from uninformed inves- tors in exchange for worthless securi- ties or for entirely inadequate cash pay- ment. Reaume’s Warning. “We congratulate Leonard P. Rn.ume. nt of the National Association of Estate Boards, for the warning to investors which he recently issued th real estate boards of the coun- try,” the statement reads. “By far the greater portion of real estate bond is- sues are in good standing, and when we view in retrospect the financial his- tory of the country over the past decade, it will be seen that real estate securities have had less ups and downs than other investments with conmparable yields of income. The comparatively few issues in Mllllt have furnished to certain un- brokers or mnu of buyers * for* dence in thiy entire dm of investnrents. nhwbemmumeyuonmmv to persuade investors to sell or trade in the securittes “that "are’ actuaily in trouble; rather, these brokers try to get hold of the sound bonds, knowing that Mmma(tmmuynu mmmang the fact that some such deals are initinted by building equity owners, who ahnwdly plan to buy in their own outstanding obligations at 50 to 75 cents on ',he dollar, the sug- gestion is made by the -mortage bank-~ ers that “in all cases before selling whlch fiw bond.l h-ve been issued. can be done through the bank or “*"‘1‘ company r.h’:;, was o"’m‘ny mble for the issue, or through reputable financial institutions, renhn or attorneys who are familiar with _the " In most of such cases it will be found that the building is returning an income more than suf- ficient to meet interest and amortiza- B ety et often due 3 g’n“‘n d?n whole investment fleld, during which bonds of all kinds are low in and not readily saleable. LIt is & times like this that shrewd investors hold on 'to ‘the bonds have or accumulate more. Realty Situation. “!ndlnt.bm point to an un- bov entunn’ real estate other 18.00a20.00; ~ carrots, m. uunflower crate, 2002.50; cel- 150a3.00; eggplant, crate, 1.5082. , 60a90; ice, lun ,75:1.50: ppers, Cr! Y 2“"“ b\ug:l. 80a1.00; spinach, A ; tomatoes, crate, 1.258 ‘turn! bushel, 1.30; cran- H hn:p' 7504.00; grapefruit, box, .75 box, 2.0023.25; tan- , box, 1.00a2.00; apples, bushel, .00; per box, 1.25a2.25. Dairy Market. Poultry, allve—Turkeys, pound, 38a40; hickens, springers ,23a26; e e 16423 barebac ¥ ais; old hens, 18824; Leghorns, 16a17; roosters, 12a18; ducks, 15a25; geese, 14a22; guinea fowl, 301 pigeons, pair, 15a20. Recelpts, 947 cases; nearby 30; hennery whites firsts, 31a32; Bouthern firsts, 28: current receipts, 28. Butter—Good to fancy creamery, pound, 28a31; ladles, 22a23; rolls, 16a18; process, 27a28; store packed, 13. Live Stock Market. Cattle—Receipts, 500 head; moderate supply, market steady. Roen—xzholce to prime, none; good to_choice, 10.00a11.00; medium to good, .00810.00; fair to medium, 7.50a8.50; piain o fair, 6.2527.25; common to plain, 5.0086.00. ‘Buils—Choice to mne. none; good to_choice, none’ m 0od, 5.50a 6.00; fair to medium 500! .50; plain to fair, 4.5085.00; common to plain, 4.00 24.50 Cows—Cholce to prime, none; good to choice 5.5026.00; medium to good, 4.7585.25; fair to medium, 4.0024.50; plain to fair, 3.00a4.00; common to Heifers—Choice to prime, none; good to choice, 8.00a8.50; medium to good, 7.25a7.75; fair to medium, 6.25a7.00; plain to fair, 5.5026.00; common to plain, 4.5085.25. Sheep and lambs—Receipts, 50 held ht supply, market steady. Sheep, 1.5024.00; lambs, 4.50a9.25. Hogs—Receipts, 500 head: light sup- ly, market higher. Lights, 8.90a9.15; vies, 8.1529.60; medflul:l : ggl: :g Toughs, a7.60; light pigs, al Ppigs, 8.85a9.10 Calves—Receipts, 25 head: light sup- ply, market steady. Calves, 5.00a12.50. Presh cows and Springers, 40.00a 80.00. Hay and Grain. Wheat—No. 2 red Winter, export, | 794 No. 2 red Winter, nrlh:ly spot, | 791 January, 79%: February, 80%. | Corn—No. 2 domestic, yellow old, 83a84; cob corn, new, 4.35. , Rye—Nearby, 60a65. Oats—White, No. 2, new, 45; No. 3, 4“. Hay—Receipts, none. General hay market strengthening. Drought has seriously curtailed nearby crops, chang- ing the entire situation. Sections here- tofore shipping - are now asking for offers of hay. Oood clover mixed and timothy new hay will bring from 24.00 to 28.00 per ton. Wheat straw, No. 1, per ton. 9.00a 10.00; oat straw, No. 1, per ton, 9.00a 10.000. V. 8. TREASURY BALANCE. The United States Treasury bala announced today as of close of hutm- January 5 was $279,471,415. 83. Customs ' FINANCIAL. THE EVENING STAR. WASHINGTON, D. C, NEW YORK STOCK EXCHANGE Stock and 194 Magma Corper (3).. 4 Manati Sugar.......2 Man Elev mod g (46) Manhat Shirt (1). Marine Mid (1.30).. . Marlin Rockwell (14) Marshall Field (2%) Martin Parry..o..... Mathieson Alkall (2) May Dept Strs (n3).. 9% Mexican Seaboard. .. Met-Gold pf (1.89)%. Miami Copper. Michigan St (h3%). Mid-Cont Pet (2).... Midland Steel (3) . Mil ElR & Lt pf (6). Min Hon'w Reg (14). Y 8 . g [P 7: JOPRUPHW - bilssour] Pacific..,.. Missouri Pac pf (6).. Mohawk Carpet. ... Monsante Ch (g1%). Montgomery Ward. . Mother Lod Motor Products Motor Meter G & Motor Wheel (3) Murray (B) (2% ik} Myer (FE) & Br (2). Nnn Motors (4) u o Nat Cash Reg A (3) .. Natl Dairy (2 60).... hnmn Products( 9% N Y Invest (1.20) Y NH&Hart (8).. 5 toos NYNHSHDE . 3% N Y Ont & Western, 98 N Y Steam pf 181% Norfolk& W 88 Norf & W 4% North Am Aviation., 5Tk Nor Am (bl0%atk).. 121 51 North Amer of (3) 99% North Am Ed pf (6).. 42% Northern Pacific (5). % Norwalk Tire & Rub. 16, Qhlo Of1Co (2).. 1% Oliver Farm Equip. 12% OMy Farm Eq pr pf.. 244’ Oliver Farm Eq ev pt 2% Omnibus Corp. s 65 Omnibus pf (A) 48% OusElevn (2%).. 914 Otis Steel. . 32 Owens 11l Glass (3) 6 Pacific Coast 1st pf.. 10s 40% Pacific Gas& El (2).. 9 46 Pacific Lighting (3). 15 Pacific Mills, 08 114% Pacific Tel & Tel (7). 120. 74 Pack Mot Car (60c).. 30 Pan-Am Petrol (B) 34% Param'nt Publix (4). 5 264 Penick & Fory 27% Penney ( 53 % 21% Peop Drug Strs (1) 185% People’s GasCh (8).. 4 4% Peoria & Eastern Penna R R (4). 8% Phillp Morris&Co(1) 11% Phillips Pet (2)... 1 iterce Oll. . 715 Pierce Ofl pf. 1% Pierce Petroléeum 26% [1llsbury Flour (3).. 19% Pittsburgh Coal..... 66 Pittsburgh Coal p! 13% Pitts Screw (1.40 8414 Pitts Steel pf (1) 2% Pitts Terminal Coal. 9% Pittsburgh Unit Cory 18% Pittston Co (1%) 10% Poor & Co (B) (2). 14% PRAm Tob A (3%), 4 PRAmTob(B).... 20 P 11% Prairie Ol & Ga: 16% Prairfe Pipe L (1 3% Pressed Steel Car 52% Proct & Gamb (2.40). 11% Prod & Refiners pf. 65 PubSvNJ (340) 91% PubSv N J pf (5). 104% PubSv N J pf (6). 142 PubSv NJ pf (8). 47 Pullman Corp (4). 7% Pure Oll 9014 Pure Oll 36 Purity Bakertes ( 11% Radlo Corp 47 TRadiopfA 3% 31% Hadio Corp (B) (5) 14% Radio-Keith-Orph A. 141 16% Raybestos Man260. 1 78 Reading Rwy (4).... 3 2214 Real Silk Hostery(3) 2 14% Rem Rand (1.60).... 26 84 Rem-Rand 1stpf (1) 1 7% Heo Motor Car (80c). .10% Republic Steel. 28 Republic Steel pf. 10 Reynolds Metals 1 Reynolds Sprin; 70 Reynolds Tob A ( 40° Reynolds Tob B (3). 4% Richfield O1l. 5 Rio Grande Oil. 26 Ritter Dental (23) 14% Insur (2.20).. 36% noun Dutch u3.2165. 19% St Joseph Lead (2).. 38% Sareway Siores (8. 84 Safeway pf (6) 95 Safeway Strs pf 11). 39% St L-San Fran (8)... 17% St L Southwestern Schulte Retall Strs. 1 Seneca Copper 3% Servel Ine... (Continued From Page 13.) Dividend Rate. le.m;n. Low. cln;t. Close. Splegel Stone & Sun Of1 a Third N Timken Timken Ind P& qaaaagaaagacan nnnRnREn®RNnR Va-Car Va-Car 4 Vulean Webste Wess O Wess O B tvay Wilson Wilson 16% 10% 10:30 All 1:30 P.M. Dividend rates in_stock. In_stock. m Plua Stock Dividend Rate. Aun. lln. la' Close. Crowe: lhlrn & Dohme. . ttuck(FG) (1134 18 !hell Trad (a2.423).. 30s Shell Union Ofl. Shubert Theaters. . .. Simmons Co. . Simms Petroleum. .. SinclairCor O11 (1). Skelly U] (2).. Skelly Ofl of (6) Sloss Sheffield Ste Stand O11,Cali(h2%). 1 Stand Ofl Exp pf (5). i Stand Oil of Kan (2). Stand Oflof NJ (1) 191 Stand O1I'N Y (1.60). Starrett (LS) (12%), Sterling Sec (A) Ster] Sec cv pf (3) Stewart-Warner (2) Utd Paperboard..... Utd Pisce Dye W (2) R.lllyllmfl(l) - Rubber. .. Rubber 1st pf... Smelt & Ref (1).. Smelt Ref pf 3% S Steel (7). U 8 Steel pf (7). Utd Stores of (2 U S Tobacco (4) Univ Pipe & Rad Ut P & 8 (A)et2. Vadasco Sa; Vadasco Sales Cp pf. Vanadium Corp (3). Va:Car Chem pf (7).. Va El & Pow of (6).. B'. Peop Gas Chi. les of Stocks on New York Exchange given in the above table are the payments based on the latest quarterly or half yearly declarations. * Onit of, tading less than 100 shares. § Payable in scrip. § Plu b Payable in nock € Plus Received by Private Wire Direct to The Star Office. ana Sparks Withing (1 Spencer Kellog(80¢c). Spicer Mfx. - -May-Stern.. Stand Brands(1.20).. 1 Stand Brands pf (1) 4 'Stand Comm Tob, 2 1 1 2 1 4 2 1 4 3 5 33 2 3 Webster (4). 121 Superheater (t Sweets of Amer (1) Symington. . Telautograph (11.40).. Tennessee Corp (1) Texas Corp (3).. Tex Gulf Sulph (4 Texas P C & Ofl. t Invest, Thompson (J R) (3). Thompson Pr (2.40) . Thnmpwn Starrett. . Tide Wat Ofl (pf (5). Det Ax (30c) Roller (3) Tobacco Products. Transamerica (1) Transue &W (1) Tri-Cont Corp. . Tri-Cont Corp pf ( Trieo Prod (2% ) % Truscon Stl (g1.20 Und-Ell-Fisch Union Carbide (2.60) Un Oil of Cal (2). union Pacific (10) Union Pacific pf (4). Utd Afreraft. . Unit Aircraft pf (3).. United Carbon (1) 1itd Cigar Stores. Unit Corporation. » » oranRoenaNone Alcohol (83 F 18t (1.20) » o [N 3 ST~ IO JOTW Corp.. Chem. .. 1 Chem 6% vf- 1 2 60s Det (4)..... 300 Wabash....cooooss Wabash pf (A) (5).. Waldorf Systm (1%) Walworth Co (2). Ward Baking (B). , Warner Bros Plet. .. Warner Quinlan Warren Bros (3).. ., Warren Fdy & P (2). Webster Eisenlobr. . rEisea p£(7). 108 11 & Snow (2). & Sn pf (4).. 208 1 & M pt (5).. 2408 co Chlor (2). 1 Wextark Radio Strs. 420s White Mofors (2).... &Co (A) & Copt Woolworth (2.40). Worthington Pump, , Wrigley (Wm) «4).. Yale & Towne (2)... Yellow Truck. YellowTruck p! Youngs Spring (3).. Zenith Radlo. . .~ 308 6 E Jan16 14 383,200 1 073,900 1.686 600 annual cash 1 Partly extra. Plus 4% p_stock. a Paid last year aPayable when ‘earned. ock. ¥ Pius 8% it stock. 1'Plus 31 in prefes 1% in stock. n Plus E h o 'uml ki receipts for the month to date were $2,- 777,483.27. Total ordinary expenditures, $18,831,786.70. NEW DIRECTOR NAMED. N‘m.lAL Junuag' 1 (®)~—The BY GEORGE T. HUGHES. UNITED GAS IMPROVEMENT. (This 15 the twentieth article of a series on the subject of public utilities. covering the principal operating and holding compacies, “glvine their bisto of ‘of i and an ': -xuu ol fiela the capita nds as well as Bt toe facis without any attempt to res ?eeommma purchase or sale of specific securities.) One of the oldest of the public utility holding companies, United Gas Improve- ment, has expanded so greatly in recent years that comparative statistics of op- erations are of little value. Tog:ther with United Corporation it controls I‘ majority of tae common stock of the Public Service Corporation of New Jer- | sey. United Corporation itself is a large holder of the common shares of United Gas Improvement. Both corporations are interested in Niagara Hudson Power and Commonwealth & Southern. ‘The most important subsidiary of | United Gas Improvement is the Phila- delphia Electric, but it also holds a m: jority interest in other holding and oper- ating companies supplying service to communities in Pennsylvania, Delaware, Connecticut, New Hampshire, Tennessee, Ohio and Arizona. Subsidiaries have | large funded indebtedness and issues of | preferred stocks, interest and dividends on which come ahead of lneome avail- able for the parent compan; latter has two Cllllu of l'ock shares. The preferred is one of those highly conservative investments which are always in favor in times of indus- trial depressions because of the large margin of safety. It sold in the 1930 bear market to yield less than 5 per cent. In the nine months ending Sep- tember 30 last income available for preferred was equivalent to $56.04 & share. The present dividend rate on the common stock is $1.20 a share annually. During the first nine months of 1930 earnings on the common were equal to $1.17 a share sc that the full year's dis- | bursement was almost covered in the first three-quarters. Some Yiecrease will not be surprising in the last quarter in view of the busi- ness depression, so that purchasers of the stock must necessarily assume a cer- tain speculative risk. On the other hand the market price is down more than 50 per cent from the high of the year and whea normal conditions in business are restored earnings must ‘improve corre- | (pondtnlly GOLD SHIPMENT NEW YORK, January 7 (#).—A ship- ment of $5,000,000 in gold, the first o{ several consignments to cover external debt service, will be sent from Buenos Aires January 12 on the steamer West- ern ce by the Banco de la Nacion of Argentina, ‘The metal is consigned to the Central Hanover Bank & Trust Co., the Chase National Bank, Guaranty Trust Co. of Ncw York and Irving Trust Co., the four banks which recently granted the Banco de la Nacion an exchange of $16.000,000 for the payment to another HOOVER DAM PROJECT DRAWS MANY BIDDERS Twenty-seven copies of the specifica- tions for the work to be done at Hoover Dam have been supplied to prospective bidders, according to the statement of progress recelved at the Department of the Interior today by Secretary Wil- bur. This is taken as an indication that there will be plenty of competition among those who want to take on the bupn Job ever let out by the Govern- ment. Requests continue to come in from prospective bidders for the specifica- tions for the power plant from the proj- ect advertisements which were issued some weeks ago. ‘The detail plans for 12 initial small residences to be erected at the Gov- ernment town near the dam site are practically complete and advertisements The preparation of plans for the ad- ministration building, dormitory and garage are in progress. Advertisements were issued January 5, to be opened January 26, for the pumping equipment for the Boulder | ¢ City water supply. include 12 complete units which will 1ift water from the Colorado River into the 2,000,000-gallon storage tank at the town site. Advertisements were issued during the week for the construction of foundations for the storage and regu- lating tanks. Reports from Denver are to the eflefl, that . practically all of the 4 | City & Suburban 5s d for the construction will be out soon. Fe ‘This equipment will -n. LIST MAINTAINED Volume Increases as Market Forges Steadily Ahead. Junior Rails Active. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, January 7.—The sig- nificant feature of the resumption of the advance in bond prices today was! A: the increase in volume. With the market giving increased evidence of potential ability to reach up to and beyond the best levels of 1930, a large increase has been mnoted in the purchases of secondary issues, of high-grade bonds' which, for one reason or another, had been depressed cut of line with money rates, and—to a lesser extent—of foreign dollar issues. Insurance companies are the chief cor- porate buyers, as savings banks still show a reluctance to add to their pres- ent holdings of securities other than United States Government and equiva- lent cashable paper. Wide Gain Reported. Volume today was about a third heav- fer than on Tuesday. Money rates were unchanged, but there was a mod- erately brisk demand for time accom- modation. As has been the case in the past four sessions, it was in the junior rail- Toad group that the widest gains were made. A recovery of 12 to 15 points is now shown by this section of the market. Gains of a point or more were made today by Chicago Great Western 4s, St. Paul adjustments, St. Paul 5s, Erie general lien 4s, Erie 5s, Florida East Coast 5s, International Great Northern adjustments, Frisco 445 and Western Maryland 4s. South- ern Railway 4s have been driven up 8 points from the low and the maturity yleld today stands at 435 per cent, against 5% per cent at the low. Convertibles moved up 1 to over 3 Pomu with stocks, with the widest gain General Theaters Equipment 6s. Southern Pacific 4!2s of 1969, ordinarily a slow-moving issue though carrying an equity feature, jumped 21, points, fol- lowing the selling of this bond ‘Tuesday. The feature of trading in foreign dol- lar bonds was strength in German and certain South American bonds, which have hitherto shown little tendency to follow the rest of the market upward. German 5%s gained over a point. Chilean fssues recovered part of thetr recent losses owing to the unexpected surplus achieved by the government at the year end. Argentine bonds gained fractionally in reflection of gold ship- ments to New York. Peruvian, Cuban and Brazilian issues were higher. Municipal List. The story of the recent dip and re- covery in high-grade domestic obliga- tions is shown by a study of the move- ments of a typical group of 20-yoar municipal bonds. On October 1 this goup vielded 375 to maturity. On cember 1 their combined yield was 3.95 per cent. Today they have recoy- ered to a point where the average yield is 3.80 per cent. The strength of the municipal market this week has en- couraged some new municipal financ- ing. and today’s budget totaled over $8.000,000, more than was sold all last weel Washmgton Stock Exchange ! & SALES. Capital Traction 5s—8$500 at 8 8815, Pot. Elec. 6s 1953—$500 at 102 3500 at 102, $500 at 102, $500 Wl.:h]osflu 6s B—$100 at 105’1, $400 al Capital Tn.ctlon Co.—10 at 40%, 40 at 404, 10 at 40 Pot. Elec. 5‘,:% Ffd —5 at 108, 5 at W;; R & E pfd—1 at 97%, 15 at 108, 5 at 1 Fed.-Amer. Natl. Bk, & Tr. 6s—10 at| 50, 10 at 50, 10 at 51. Union Trust Co—5 at 219. Fed.-Amer_~onv.—12 at 27%, 10 at 2713, 2 at 27%. Lanston Montype—10 at 103, 5 at 103, 10 at 103, 10 at 102. Mergenthaler Linotype—5 at 87, 5 at 87, 5 at 87. AFTER CALL. Wash. R. & E. 45—$5,000 at 855, Ana. & Pot. R. R. guar. Sl—lEM at 95. Wash. Gas 6s A $100 at 101%. ]Nn! Elec. 6% pfd.—2 at 111. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Telga Amer. Tel. & Telga. Am. Tel. & Tel. ctl Anscostia & Poicmac R. Anacostix & Pot. guar C. & P. Tel of Va. 5s Capital ‘Traction R. R. b: Georgetown Gas 1st 5s. Potomac Elec. cons. 3 Asked. Barber & Ross. Inc., Chevy Chase Ciub 5 Columbia A €. w old Storage 55 Waah ons. “ile es" STOCKS. PUBLIC UTILITY. Wash. Rwy. & B ofd (5) NATIONAL BANK. Capital (14).. Gofumbia (12} Commercial (iainped) (10). Bl ). Fed'-Am 9e. Washinston (i3} TRUST COMPANY. Washington Loan & Trist {id}! SAVING BANK. Bank of Bethesda (6§) Commerce & Savings (10 East Washington (12).. Potomac (10). Security Sav.' & Com. Bk. Seventh Street (12). nited States (30) Vashington Mecharic FIRE INSURAN American (12) Corcoran (10) Imuonn Unlon” (18)"; TlTLE INSURANCE. | columbia ceh). .. Real Estate ‘Gl" o Title & Inv. Co. M . MISCELLANEOUS. Barber Ross, Inc.. com Dol Mefllc!l Bldg_ Cory Col. d & Glrlvtl It . pid SSentus, ua: geEenSes e £ WEDNESDAY, JANUARY 7, 193L UPSWING INBOND | Cozxew ~onx BONDS o ] STOCK FINANCIAL. EXCHANGE Received ty Private Wire Direct to The Star Offic UNITED l‘l‘ATl& g Low. 10130 101 28 10231 96 10326 103 23 1 10216 10213 2 10226 10226 180 10827 108 21 7 11230 11225 FOREIGN. Bales. mln. uuv. msosu 3 Dan Mun 85 A "4 Dan Mun 8s B Denmark 4%s ‘62 Denmark 6%s ‘65. . Denmark 68 '42. Dutch East Fiat 7s war. Fiat 7s ex wi ® - ERomEe mx~nnRo 5 Finland 78 50, Krench 75 '49. French Gvt 7%s "1 66 @elsenkirchen §5'34 4 German 5 266 German B: German 7s Ger Gen El 78 ‘l.. Greek 6363, Hungary 7348 "44.. Irish Free St 63 60 1taly 7 Italy Pub Sv Japanese 548 L} 4 2 18 Karstadt 6s ‘43 2 1 Kreug & 'rou 53°69 127 2 Milan nfi-'n | Montevideo 7562 NewSo Wales 6s'58 Norway 58 '63 I Quo aland 7 41.. 58 Rio de Jan 6%s ‘53 30 Rio d s " 9 R Gr De Sull Rome 6%s Roy D 48 45 ww. Sao Paulo ep Sao Paulo 83 ‘ba Saxon 7845 1 Seine 7842 Serbs-Cr 81 7 Serbs-Cr-81 8 Shinyetsn 6148 Soissons 6s ‘36 Sweden 5% 85 Swiss 5%s Toho EI Pow 6: Toho EI Pow 1 Toklo 5%s 61, Utd King 6% Vienna 6s ‘52 Warsaw Yokohama 6s 1031 Dll- 104’« 8% 8014 1015 10748 108 107% 31 30% 40 104 6314 625 6014 7% 9% 100% 104% 4% 75 90 60 109% 109% 107% 10754 94% 100% 104%4 0 1017% 101% 83 105 120 125% 1024 V4% 81 923 103 65 90% 104 104 834 9% 67 100% 102% 104% 10! 10214 884, 95% 10414 106% 102 105% 106% 9% 92% 90 105% 77 981% MIECELLANEOUS. Abitibl P & P 6853 21 Allegheny 6s Alleghany bs Am Ag Ch 7% AmF P 58 2030 AmWrit Pap 6s°47. Arm & Co 48’39 Arm Del 6% 43 Ass0 O1l 65 '35. At Ref deb bs ‘37 Bulh T Bldg s- 0. Cert-td deb 5% s 48 @hile Cop db bs Colon Ofl 63 '38 Col G&E 63 May ‘63 Com Invest 53 s 49 Com Invest 6s ‘43 ConG N Y 5148 "45. C Am Sug col §: L De Edison 55 40, Det Ed rf 65 B 40. Duguesne 433 '67. Gen Motors 63 °37. Gen Thea Eq @eodrich cv 63 '45. Goodrich 6% Goody'r Rub Humble O1l 68 '37.. IMBTIistpf6sA, 111 Steel 438 '40. In: Cement Int Hydro EI | Int Maten 8a 47, Int Pap bs A "47. Int Pap 6s 65..... Int T&T cv 4 %8 39 IntT&T 68’55 KCP&L4%s 57, Kend 5%s 48 ww.. Lac G St L 5a 34 Laciede %3 C '53. Laclede 8148 D 80 Mont P db bs A ‘62. Mor & Co 18t 4%3s.. BB aS0 we NaS o *Ex dividend. b Books closed. nlsc extra. % ext el‘.’fi“ln i7iac extra. Nor 8t Pow Nor St Pow 108% 101% 104% 101% 82 100% 109% 115 102 107 102% 103% 104 104 106 102% 104% 126 106% 105% 106 108% 102 62 9 79 |pzu 102 1075 12 101% 104% 1013 32% 93 54 9% 4% 104% ki 80U 102% 10714 108 107% 3134 30% 41 104 64% 63 66 82 9y 100% 105 764 5% 90 62 94% 98% 1097 109% 107% 1075 94% 100% 104% 100% 1017% 101% 8315 1054 120% 125% 10245 95 82 92% 103 65 92 104 104 834 9% 6814 100% 1024 101y 105%, 10214 8914 95% 104% 107 10214 105% 105% 9% 93 90, 105% 7 102% 104% 130 106% 106% 107 1081 102% 62 9l 80 102y 102 108 112% 102 104% 101% 3215 934 54 100% 101 9415 95 104% 1048 106% 106% 20 100 0% 100% 104% 104% 4 107 8914 107 91 104% 104% 102% 102% 61 64 12 73 101% 101% 88% 90 101% 101% 4 105% 105% 103 1031 95% 99 91 91y 3% 63 6% 9114 84% 103% 1034 95% 50 95% 50 102% 108 107% 108% 101% 1013% 1044 104% 101% 101% 81% 100 81% 100% 109 109% L14% 114% 101% 102 106% 106% 102% 102% 103% 108% 103% 104 103% 103% 105% 105% PMI.CO‘ Pub Sv G ¢%s "7 Rem Arms 6 A 37, HRem RA6%s A 47 Rienfi'd O cal 6; Shell Un Of1 65 47. Stnel'Cr O tu- !l. Sinelair P L bs "42. Tenn BI P 68 A "47. Tex Corp cv b8 "44 Utd Drug ev U S Rublst 3 '47.. Utah P& L 68 '44.. Utll Pwr 58 59 ww. Utll Pow 6%s 47.. Walworth 6s Warn Br Ple Warner Sug 78 '41. 1 ) deb 68 "4, West Un Tel 68 '51. West Un T 6%8°36 WEOGB%s'3T ww. WIl-Ov 18t 6348 '33 Wil&Cols 3. YouSt&T6s'78... Sales. High. 30 101 Low. Close. 100% 101 80% S1% 884 66 10314 103% 934 90 66 103% 108% i) 90 65 848 98 RAILROAD. Ann Arbor 43°52... Atchison ad) 48796, Atchison gen 48 95 Atch’onev 438 41 Atch Ariz 4348 63., At & Danv 4s AtCLcol4 Can Natl 4% s Can Nat 58 July * Can Nat 68 Oct Can Nor 6%s db'46 Can Nor 78 Can Pacific 4 Can Pae 6s ct. Can Pacific 6s '54. Car Clin & O $s '52. Cent Pacific 48 '¢9.. Cent Pacific 68 &0 gn 414892, Qo we Ahl ... 9 9992999979 rRE :PP g_ z g CCC&St L 4%s (E) CCC&SLS6sD 63 Clev&Pitts 4%s 11 v Term 438 17, Clev Term 5%s 72, Colo & Sou 448 '35 Colo Sou 4%s Cuba RR rf 134" Cuba Nor 6%s 4: Del & Hud rf 4343 36, 36 Den&R G W 68 '65. DRG& Wst5s'78 Erie cv 53 ‘67, Krie bs 1975 Erle Gen R 65 '57 Fla E Coast 53 °74. Gr Nor 65'73. Gr Nor gn 5% Gr Ner gen 78 '3 Green Bay deb B. Hud & M ad) 68 '57. Hud & M rf 58 '57.. 11 Cent 4s '52 Ll Cent 48 63.. . 111 Cent ref 4s '55. 111 Cent 4% s '66. I11 CCSIL&N 4%s. 11l CCStL&N 55 A Int Ry C A 6%s'47 Iat Rap Tr 6s Int Rap Tr s Int Rap Tr7s 3 Int & G N ad 6: Kan City Sou bs ‘50 Kan City Ter 4s'60 Lake Shore 4s “31.. Leh Valcv 48 2003, Leh Vev 4%s 2003, Leh Val 68 2000 Long lsi db 5837 L & N uni 43 "40. L&N 4332003 L &N bsB2003 MStP&SSM 6%s'78 MK&T4sB MK & T adj 63 '67. MK &T prinés A, Mo Pac gen 48 °75.. Mo Pacific bs A "65. Mo Pacific bs ¥ 77, Mo Pacific s G "78. N'Y Cent 448 NYC re im bs 2013. N Y Cent db 5. NYC&St L db 4 NY C&SLL 4%s T8, NYC&StLb%sA N7C&S Llnsll Nor Pacr 1 Penn gen 434 1 79% 3 96% 27 98% 36 118 104% 501 91 97% 100% 26'% 106% 3 103% ll)!": 103% 4 104 104 104 6 115% 115% 115% 6 103% 103% 38 101% 101 9 105 105 35 101% 101% 11 103% 103% 1109% 109% 2 101% 101% 9 109 15 28% 26% 3 106 105% 1111 111 7 9% 994 11 99% 99 1104 106 4 110% 109% 68 110% 110% 15 % 9915 91 86 30 'IB'A 15 100 1 91 18 86% IFAVORABLE APPLE MARKET INDIGATED European Demand for Amer« ican Product Is Declared Good. By the Assoctated Pres:. WINCHESTER, Va., January 7.—The" European market for American apples should be favorable for the remainder of the season, according to reports bee ing received by cable and also by transe atlantic telephone by local representa< tives of English and continental fruit merchants. Recent sales of Virginis York Imperial apples in Liverpool brought as high as $8.16 per barrel, net« ting the grower a little more than $6 per_barrel. in England ahd Sweden have cleared up, while in Holland, Beigium, Germany and France the small size domestic crops have Rot béen an important factor this Winter, The Spanish orange cr -uy competes wit Jarge as last year, and recent politie cal disturbances have further served te limit shipments. Canadian Apples. Canadian apples, particularly Nova Scotian, are to be scarcer from now on than a year ago, due to the smaller Canadian crop and larger proportion elready marketed. Shipments to date indicated that the Russian lp&h crop is not so large as reported earlier in the season from that country. On the whole, it was said, the supply situation can be considered favorable to the mar+ keting of American apples in Europe, but prices may not be as high as they would under normal purc! power. With the exception of a break early in November in the market, prices for American fruit have held up fairly well in the British market. Purchasing power is limited, and buyers were watohing their ‘purch.uel carefully. Most of the frult now being shipped from three large cold storage plants at ‘Winchester is going either to England or to countries on the continent. e buying tn'er in Sweden was said to better n in England and other Eu- ropean countries, although it was re- ported fairly good in Denmark. Imports Are Large. With the exception of Northern Italy, Southern Austria and Jugoslavia, all continental countries which normally have an exportable surplus of apples are 1mxnmn¢ substantial quantities. Buyers have been attending the Rotter- d-m lnd Antwerp sales from all over and there has been little eriti- cllm of the quality of the fruit or the pack of the barreled apples. Markets in those countries have been active this murn Ig Amene-lxl\ frult, and 3 despits the generally poor power, have been high. Washington Produce; Butter—One-pound prints, 35a36; tub, 3312a34. ",}'7,’"“”" 33a34; current. re- Bouitry, alive—Turkeys, young, 30a I 1 3 3 fowls, 15; roosters, 13; ducks, 15; its, large and young, 50a60; :bldd: 2uwm. bacon, 27. kb : in’ pu.-m-. 124, Game—Ral A Live stock—Calves, an 8. rries, 55475; . ; apples, kets, 1.0082.00; box. lg:‘l’"fl. a Vegetables—Potatoes, 150-pound sacks, 3.25; new potatoes, 2.00a3.00, muy 2.5 lweeu. per b\uhel. 1.508 uulmnwzr. beans, Mflln'-' 0.300 parsnips, 35ILM, beets, per 100 bunches, 5.008 00; carrots, per 100 bunches, 5.00a .00; tomatoes, 3.00a4.50; peas, 8.50a 9.00; squash, Hubbard, 3.50a4.00; Mar- row, 4.00; cucumbers, Boston hot house, per dozen, 2.50; spinach, 1.00; -mloo mushrvomx, ml 00; hr&ll 3.50a4.00; pers, Mexico, AMp,epIceberI Tettuce, 4.00a4.50. AIRLINES |NCREASING PASSENGER PROTECTION By the Associated Press. The degree of ute'.y e by Al ican air lines a re| of the it of merce which lllla that but two per- sons were killed while riding as pas- sengers in ships e in_scheduled operations d the last hfll of 1930. There 'ere 22 led in the first half of the yea Whuenna.ln rts as to the number chhnduhd air trans- 5 101% 101 5 94% 941 1 100% 100% 0 88 88 2 98% 9814 1 103% 103% 5 99t 5106 106 10 57 56% 10 94'% 941 + mzv. ll)zk :u Bsu !‘m 19 99 11 89 88% 41 92% 91y 6 102% 102% 28 T4 3% 7 100 10 99% 3 981y 1 99« 12 99% 97% 1 98l 981 2 95 95 9 49% 49% 49% 4 9215 21 924 12 100% 100% lDI.Ha 1 S sew sew 0T 37 T01 109 107% 106% 106% 100% 100% 92% 92 106% 106 1007 14 109 106% 100% 924 14 106% 112% 103% 9T 101% 104% 110 109% of 1930. SRS GRS U Dividend Changes. NEW YORK.dJ-hn.ulry i:: ‘g?o.—u:\- favorable dividend changes num- b‘ered 1,252, of which 405 were decreased and 847 omitted, Standard Statistics Co. The 1929 decreases numbered 66 and those omitted 228. Sales. fisl;h. gw. Cfi" Rio Gr Welt 4s’49 4 RIAr&L4a%s 34 10 100 100 100 14 mrm mo: 100% StL&SF 4%s " St L&SP pr In 63 B SULS W cvds'3a. SIP&KCSLa%s SanA& AP Seab A L Seab Al F) 654" K Sou Pac col Sou Pac tof 4858 Sou Pac 4%s'63... Sou P 4%s 69 ww. Sou P&Or nfi- "".- 96\ 94 18 10 93 97% 98 993 98% 30 mln lolw lom l lo'w. ln’% mw. 5118 13 113 5 110% 110% 110% 30 100 9% 99% 5 101% 101% 1015 6 112% 111% 112% 7 102% 101% 101% 6 108% 107 108% 3102 102 102 2 95 95 1 100 ’ 4 103% th 106% 10245 DMt IN'/- %4 96 . 95% WatShistes3sél 3 92 5. 8. Kresge De December sales declined ' 1.1 per cen nqo muz - 054712 Saanths, $130.353.500, o 3.8 pe t. 85 cumuhflvt Do par preferred New Yofl‘_lb-nk of ‘& short term 10An. | done on the branch line being built by m lll\mmt 515,216 mm e Nt AR the Union Pacific from its main line to and a common also of no par value out- | Rallway transportation in North | Boulder City. Eight miles of track have mhm-mncunmmmumm | been laid. 103% 108! 106% 1061 102% 102 Ll 984y " Paramount 68 ‘T.s, 17 n. %