Evening Star Newspaper, December 14, 1931, Page 13

FINANCIAL. THE EVENING BANCROFT TO TALK BEFORE BOND CLUB Financial Writer on Program| at Luncheon Next Thursday. BY EDWARD C. STONE. figure | m, will t cconomic the Bond monthly p.m Carlton the Funan Mr 1al 1cobs Transfer Votes Dividends. and trea ner More Banks Reopen Doors. 000000 closings and the T qua able time of the gree in the month] tions and sales in trade cex of the lished tod: Dece Decen effect month the co lection cor apr spond ext | Stocks sold In 100-share lota exeept th —i931— NEW YORK STOCK EXCHANGE Biock and Dividend Ra AbILIbI Pwr & Paper Abitih] Pr&Pap pf. Abraham&Strans 1% Abram Sirans ot (1) Adams Express x Adams Millis 2). Addressozraph (1).. Adv Rumley. N « Afliated Prod 160, Alr Rtednction(t473) Alaska Juneau (40c) Allecany Corp. .. Alles Cp pf $30 ww.. Alleg Cp pf x §30 w Alleg Cnonf w $40 w. Allied Chemical (6) 1 Ch&Dye pf(7) ANis-Chalmers (1) Alpha Port Cemt (1) Amerada Corp (2).. < Am Agri Chem (Del) Am Bank Note (2) \m Bact Suear Am Prake Shoa(2.40 0 Can Co 143 N Can Canf (1) Car & Poundry Car & Fdv pf (1) Chicle (13).. I Comel Alcohol. Fncanstie Tiling Muronean Secur. n Express (f) & For Power & For Pwr pf(8) & For Prwr pf(7) & For Prr 24 nf. Ti1de & Leather Tlore Prod 4.20 International. La Br& Foam pf. Locomative T.c'motive nf (T) Meh & Fdy 1.40. Meta) (o . Metals pt Natural Gas pf. News (4315) Pwr & Lt (1) Pwr & Lt of (6) Tt pf A st(s) Alator (80c) .. ator nf (7). nublica. Ning Mil Safety Razor (5) hipt Low 5 ilding (5) c& et (1%) uft (13%). Solv & Chemical. n Solv & Chem pf. Sieel Steel I tores ( 5 Sugar Ref (5)... tra Tob. ... Am Tel & Telex (9). Am Totaceo (16). Am Tohacco B (16). cenpf (6).. Water WKs (3).. Wat Wks cfs(3). Wooien C Woolen Copf... Taper pt opper. “ler-Dantels (1) Armour of Del pf (1) rof 11l (A). Armour of I11 (B). Armourof Ili nf.. o0ld Constable. loom Corp Associated Apparel. Associated Dry G (1) Associated Of1 Atch To&S Fe (10) Atch To&S Fe pf (5) 1 Coast Line (4) Atl Gulf&West Ind. Atiantic Refining (1) Atlas Powder (4)... s Powder pf (6). Atlas Stores (1).... Auburn Auto (£4) Austin Nich pf A (3 Autosales..... Aviation Carp (Del). win Locomotive lawin Loco pf. . 1to & Ohio ¢). .. 1to & Ohio pf (4). mberger pf (613). & Aroos (3%4). ker Br n=dall Corp'n. ... ayuk Cig 1st pf (7) Beatrice Cream (4). Beech-Nut PKg (3).. Belg N It pt pf t4.81. endix Aviation (1). Best & Co (2).. Rethlehsm Steel (2), Bethichem Stl pf (7) . Bore Warner (1) Brizgs Mfe (11% gus&Stratton(2). an Tran (4) Bklyn-Man Tr pf (6) n& Queens. ... n Union G irown Shoe p jecv pt.. udd (EG) Mfg.... 34 Budd Wheel (1). 4 Bulla 5 3% B a Watch 10 rouch A M(H134) 155 B \h'ler'vvl'\HJgi ‘anadian Pacific 1% . ‘annon Mills (1.60). “apital Admin (A).. ‘ase (J 1) Co ar Trac (2), ‘avar 1-Dobbs pf ‘elanese Corp. ... “elotex Co. ... “clotex vic ctfs. ‘elotex pf. Sates . 2008 Received by Private Wire Direct to The Star Office. desiEnated by letter “s." | —— 1331 — Net. | High. Low Add 00. High Low. Closs Chee 3 3 12 30 3 3 M1, 1 7714 40 260x 628 3114 .’ull 16 4 18% Con’ Insur (2.40)... 30 : + Contl Motors 1182 E 2 - 415 Contl Of1 (Del). 15 Stock and Sales— Dividend Rate Add 00, Container Corp (B). 1 Contl Baking (A)... 10 Contl B~king (B)... 13 Contl Baking pf (8).x 2 Contl Can (2%) Cont Diamond Fibre. * 6 (3 41 a3 4% 20 1% 6 [ 5% % 41% 32 4 18% 114 5 " “ont] Shares. . “orn Produets (3 56 : « « Corn Prod pf (7). Coty Inc Crosley Radio.”, Crown Cork (2.4 Crown Zellerback Crucible Steel . Crucible Steel pf (1) Cula Cane Products. “uba Co Ing (4. “urtis Publish pf (7) “urtiss Wreient, nrHs Wrieht (A). « « i Cu « c 14 404 1408 3 108 i " Delaware & Hud (9), Del Lack & Wn ¢2).. Denver & R G W pf.. Detroit Edison (%) . . R st pf (7) Diamond Mateh (1) 201, 3y 118 102 lite 244 11 ® 108 22 17 19 4 114 102 13% 231, 144 x x Dome AT Dominie Doug Afreraft(t13) Drug Corn (4) Duplan § s Dupont de Son e x 51 C11 Mills Fodai (18) n Kod vt (6) Sor(1) n-Sehiid pf. ) 1to Lite (4) 162 x 3 47 3 96 cc Auto-Lite pf(7) 208 x 6 trie Boat S 4 100 &Musteal Instru 108 llee Pwr & Lt (1) 2 r& Ltnf(6), &L e (7). aceHat (4) 14 Brant (A). 1 Tohnsen(2) icort-John pf (7) R 1008 45 26 i : s 3 4505 Sto 23 ™ 2478 1044 1408 licot 1044 6% T ’ 701 28 182 34 re-Tex (1) TATNEY) ) Gameweli Co ( Gen Am Inve ien Am Ir 4R » 2 A 11 GenB < Car(4) halt (2).... king (2). ien 8 (A) 1““\ Gen Ca 1008 5 25 Gen 1 23% Gen Electric (1.60). . R5 2 en k& spec (6'c). en Food Corp (3) ien Gas&El A (e30c) Gen Mill 3) . ors (3). 1 Motors pf (5) Outdoor Adv 1tdoor Adv (A 624 30 200 17 4208 105 e Saf Razor Sat R pt (5). lett Gobel (Adolf). Gold T . oodrich (BF)..... Goodrieh (B F) pf... rT&R ). Stk Hostiery ipler...... Con Min (1), ilver Stores. nite City Steel (2 rant (W T) (1). thn Ore stern Su kW (1%) t Stores Hall (WF) (120) Hanna pf (7) X Harb & Walker (1). Harb W I Hawaiia weapple. tHayes Body Corp. .. Hercules Mot (80c). Hercules Pow pf () Hershey Choc (5)... iershey Choe pf (15 Hoe (I1t) & Co. Hollmd Furnace (1), Hollandger Sons .... 19 108 G 6N " B - % ~ 1% 3214 4 20 1% — 2% 5 % RR7a STAR, WASHINGTON, Net. High. Low Close Chee. 1% 1 D. C., ISTOCKS IRREGULAR Short Covering Lifts Prices at Start, but List Sags Later. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, December 14.—A sha rally at the start followed by renewed pressure, under which most of the gain | was lost and more new lows were estab- lished, gave today’s stock market a highly nervous and frregular appear- ance. The market started in higher and for an hour stocks in which the short in- terest was understood to be large were in active demand. The ever erratic Auburn, an' issue with &n meagerfloating supply. led vance. Tt opened at 116, up 11, land then rapidly rose to above 123 for a 9-point gain- on the day. Allied | Chemical during this same time jumped | over 4 points. ad- Selling Reappear. American Telephone & Telegraph, J 1. Case and Eastman Kodak made |good gains during this period. The | railroad stocks, however, shared tne ;improvement only in a limited degree and before noon they be en, carrying the rest of the down with them. Atchis.n & new low under 384 | lowest since 1921, when {rate on the common was lannuslly. Other new lows were made by Penn: Ma under 20 uthe Pacific under New Haven der and Atlantic Cozst Line under 30 mark | _sclling reappea Steel, which {the first ma went to share, the the dividend 6 per cent the ed also had hour. The through its o but only for a fractional o Special weakness cropped out in certain of the utilities, conspicuously United Gas Improvement |A new low was made by Columbia (yfl‘. and Consolidated Gas came down approximately to its old low. Opening Prices Lower. by the util the into new low ground opening. only a few issues st | ing_out”against the trend | . There was a better tone in don market following the advance ing to 3.45 against the dc | mestic steel operations were ag | ported low Japan's suspension of gold payments was another bearish factor. The the ma: | prices 0-share lot sold at United Corporation previous low at | block. Other large transac declines Cons Service Corpo The rails we owing to the prog wage discuss Southern Pacific touched a ne 30 1 Mine shares were off fr Active industrials were ]vmmvmr h dropped to a new 41, off nearly a point on a 4000-sh deal. Westinghouse and National Products were both firm. The motor shares also had a tendency to resist the sclling. Auburn was up 1!, at 116 | General Motors, after opening lower | recovered to a small net gain on the | day at 223, Ol stocks were offered in volume. Nevertheless, Standard of New Jersey gained a shade to 20', |on a 4.900-share block. Standard Oil of ‘New York was unchanged at its vear's low on a 4.500-share deal Atlantic Refining and Barnsdall A were lower. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. and Indiana Ave. N.W. 67th Serles of Stock Now Open for Subscription INTEREST PAID ON STOCK James E Connelly, James F. Shea President Secretary nited bee St ong in stock broke Led | dropped the utility Jersey. irreg " Money to Loan | Secured hr first deed of trust on real estate. Prevailing interest and commission. Joseph 1. Weller govuhn & Ty Money on Hand to Loan on First Deed of Trust 67, Interest Reasonable Commission and Prompt Replies to Applicztions JAMES F. SHEA 643 Indiana Ave. N.W. MONDAY, DECEMBER 14, AFTER EARLY GAIN points, | 1931. SHARP GAIN IN POUND FEATURES EXCHANGES the Assoctated Press LONDON, December 14— Estimates of future possibilitics as a result of Sec- retary Mellon’s war debts statement had the effect of moving fo ¢ changes sharply in favor of London today’ The dollar rate, which closed Satur- day at 3.38, jumped to 3.45 today under good buying. while Paris exchange rose to 8785 from 8625 and Amsterdam from 8.38 to 8.50. A more hopeful outlook spread over the stock cxchange, where gilt-cdge of- ferings continu~ the unward tre begun last week and scored several ad- vances during early trading Sl v U. S. TREASURY BALANCE. The United St announced today December 11 toms. rec were $10.872.9 penditures we es Treasury b s of close of busines: was $53,193,027.05. Cus- for the month to date 5. ‘Total ordinary cx- - $10,847,831.18 NEW YORK BANK STOCKS NEW YORK, Dccember | Over-the-counter market: | Banks. 14 Chase Chat Pt Comme Firet Nat] 3 Manhat Narl " Public J Trust Companies First Mortgage Lcans Lowest Rates of Interest and Commission Thomas J Fisher & Company. Inc REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD Avplications invited _on hich-class apartments and dwellings. and parifcu. Tarly on well located birsiness proveriies for 3.5 or 10 vears. If so desired 1520 K St. N.W. National 0475 Anmcr.n TeLepuose aK Tecamaen Coweesy 169th Dividend Tue regular quarterly divi 4 of Two Dollars and Twenty-Five Cents ($2.25) per share will be ary 15, 1932, to stock- olders n record at the close of bus ness on December 19, 1931 H. BLAIR-SMITH, Treasurer. e ife and Sound Investment for XMAS SAVING FIRST MORTGAGE SECURITIE These r'n«" ¢ investm ] come-produci here in y Derominations I P REAL ESTATE MORTGAGE & CUARANTY CORPORATION 1610 K St. NW. NAt . YOuR For .Sm'm':t_v $10 deposited month! with this institution in a savings account will amount to $679.60 in fiv years — $1.546.9) in t» vears—34.066.45 in twenty years. Financial inde- pendence for you in ad- Vanced age - . . Open Daily 9 10 5 Saturdays Until Noon N\ Ational 1381 1403 FINTEREST SAYINGS' y BUILDING ASSOCIATION 949 NINTH ST.. NW. | % x FINANCIAL. We Give Property Management Personal Attention NE misjudgment in the management of an apart- ment house, office building, residential or business property can cost far more than the nominal fee we make for our experienced service—which will undertake complete charge of your properties—making regular detailed reports to you. PROMPT remittance is the INVARIABLE rule of this office. RANDALL H. HAGNER & COMPANY \lnlerAGs LOAN GORRE SPONDENT //{‘ “ork /5/ % J(/Ml[l‘(é{‘?fl/fflly[’ 1321 Connecticut Ave. Decatur 3600 Your Consideration of the many attractive features of the Metropnlitan Life Insurance Com- pany Real Estate Loan Plan will con- vince you of its advanragcs. Loans Term Loans Low Interest Rates Reasonable Terms 1 Construction Loans 'F’- EAVER BR REALTORS W ashington Building District 9436 M Metropo tgage Loan Correspondent an Life Insurance Company Loans Made in the District of Columbia and Nearby Maryland and Virginia *¥% A—13 * * SAFELY SECURED; DEFINITE RETURN If you want 4 re vestment fied that is to vield the spe interest vou will find it in our 69, FIRST MORTGAGES The vested in cor ativel, praised A ccurity loans is Man from $2350 Bk, SAUL €O National 2100 1 St NV 5th NO SGBSTFTGEE FOR: SAEETY N atmnal Savmgs &T rust Co. the Distr Cor. 15th and New York Ave. T e 3T Tl BTl > Tle e BTe T TR Tl Too Generous a utiof | Interest Compounded Twice a Year Systematic in you that s road to Succes lccounL Santa Claus Christmas ot ‘ent Azuirre (13%4).. ‘ent RRoENJ..... ‘erro de F'asco (1) 24 “ertain-teed Prod... 1 hecker Cab Mrfg... 1 ‘hes & Ohio (2%)... 196 Chesapeake Corp(3). 8 ‘hi Great Western. . sale 7 ‘hi Great Westn pf. Power 6 P b : : Chi Mil StP & Pac. .. at 1 : @ ¢ hi Mil StP & Pac pf. tion ‘hic & Northwstn. he Homestake M (7.80). Houdaille Hershey. . Househld Fin pf .20 Houston Of1 Houston Ofl (new). Howe Sound (2). Hudson & Man (3%) Hudson Man pf (5). 7% Hudson Motor (1). E3 131 3 587y 17 3% 11% 281y 41% 104 4 9% 17 14 1% 244 25% 23 136 1 3 ving through this Association will instill t of thrift which will start you on the One Dollar or more will open your WHII the sometimes financial crippling. Better vour usual addition to $ PAY DAY. There are more Yu'c T This str old bank 35,000 patrons, » S 55naeRan 2 i be i Accou ides to come vour Savings Money Available for Real Estate Loans No Commissions Charged | Columbia Building Association 716 11th St. N.W. UNDER GOVERNMENT SUPERVISION Member United States Building and Loan League Five ng. interest to guard yc is payvi and will 1 Hiinois Cent pf (6). ep Ly e 114 Indian Motor € 1'¢ Indian ¥ 21 Indust Ravon (4). 3% Ingersoll Inland S Inspiration Copper.. Insur Sh(Md) (28¢) . interboro Rap Trans Intercontl Rubber. Interlake Iron In. Agriculture. . Int Bus Machine(n6) Int ¢ d 50¢. Int ¢ SOl » Int Conbustion. Int Combustion pf. 2'3 Int Harvester (2%) . Int Harvester pf (7). Int Hydro-£1 A (62). Int Match pf (4).... nt Merchant Marine. Int Nickel of Can 208 Int Nick Can pf (7).. Int Paper & Pwr (A) Int Paper & Pwr (B) Int Paper & Pwr C... 815 Int Paper & Pwr pf.. Int Printing Ink.. Int Printg Ink pf {6) Int Salt (3). Int Shoe (3). Int Siiver 8% Int Tel & 9% Iat Dept Stores (2) 9% 13, Investors Eauity. ... 571y 24 Jewel Tea (T4%4)... % 15% Johns-Manville (1).. K71 Jones & Laugh pf(7) as City Southm. 151; Kan City Sou pf (4). K'mann Dept Strs(1] H\ Kayser (J) & Co (1)« % Kelly-Spring Tire 10 Kelly-Spr T 6% pf.. “hi & Northwestn i Pneu Tool e “ht Pneu Tooi pf. ... ‘hicazo R 1&Pacific. hi R 1& Pac 6% pf. a hi RI& Pac 7% pf. wave been added | o “hicago Yellow C(2) Guoted ex-divi- >hilds Company. . veler Corp (1)... ty Ice&Fuel (3.60) City Ice& Deposits in any amount invited Interest paid on both Savings and Checking accounts Open Until 5:30 P.M. Tllfl.uitl_\‘. December 15th OFFICERS: WILLIAM D. HOOVER WOODBURY BLAIR. .. Ist V. Pres. FRANK STETSON ond Vice Pres. and Trust Officer S AMBORN . Treasurer WILSON ' Secretars I.MER. Asst. Treasurer E BAIRD Asst. Tr. Officer DAVID BORNET '~ Asst. Tr. Officer JOHN W. CALVERT .. Asst, Tre; W. HILES PARDOE _ Asst. FANT . Asst. JOHN Asst AUDLE > list on the Approxima: e Organized 1879 52nd YEAR COMPLETED Equitable Co-Operative Bldg. Ass’n JOHN JOY EDSON, President WALTER S. Assels eleloR ety 3612460190 Subscriptions for the 102nd Issue of Stock Being Received Your Christmas Money = b $8.000.000 9 ] Wuoh e n D E o President S P LT =g Eyee, E uipment(1). Cluett-Peabody (3). Cocoa-Cola (18)..... Coca-Cola (A) (3)... Colzate-Pal-P (234). Colg-Palm-P pf (6). Collins & Atkman. Collins & Aik pf (1). 14455 Colonial Beacon. .... Colo Fuel & Iron.... 1 Columb G & E; (1%).. 234 Col GaskEIpt A (6). 7 Columb Carbon (4).. 18 Comm Credit (1.60). 1550s Comcl Credit A (3).. 4 Comcl Cred 1st(6%). 30s Comeci Inv Trust (2) 4 Comel Inv Tr pf 6%. 1608 Comm Inv cvpf(e6). 2 Comel Solvents (1). 132 Comwlth & Sou(30¢) 315 Comwlith&Sou pt (6) 19 'y Conde Nast Pub..... 1 6% Congolm-Nairn (1). 7 Congress Cigar (1)..x 6 20 Consol Clgars (6)... 8 46 Consol Cgr pr pf 6% . 1208 54 Cousol Clgars pf (1). 60s 3% Consol Film........ 7% Consol Film pf (2).. 603 Consol Gas N Y (4).. 93 Consol Gas NY pf(5) 915 Consol Laundries(1), 10 ConsolRwys pf (6).. % Consol Tex! yers ELLIS H. PRESCOTT GATLEY WILLIAM D. HOOVER WALTER BRUCE HOWE REGINALD S HUIDFKOPER VICTOR KAUFFMANN FRANK STETSON WILLIAM H. WALKER LIAM B, WILLARD LEY P. WILSON to Henry the Rulmnnd ding. e Stock Secret ar total of $1.784.068.900 ha for the three of ' of gregating $1.300.000 ber 15, The su 000,000 31, per notes a these, about exchange ib: 31, per cent not The subscriptior nounces that a received vies ated Decem- r the $500.- v 12-month 3.400. of reprecented maturing PRATT, Jr, Secretary ag- 10 181 215 T 82 2 % 13 84 4% 10% §225.500.000 Sixty- tions for Fifth Year Capital & Surplus $3,500,000 for the $400.000.000 of 3 per cent nine-month certificates aggregated §460.650.000 and the sub- scriptions for the $300,000000 2% per cent six-month certificates totaled $619,715,500. 106 90 21% 12 100% 341 142, 303, $T% Don’t spend all your Christmas money—start a systematic Savings Account with the Equitable! No matter what you are saving for—a home, your children’s educa- tion—you'll find the Equitable’s plan a helping hand to accumulate money. W5 FST. 18 815 9% 1% 30% 15% 8Tk % 15% 7 ™ T 1% 1 204 ++1+0L0 . = 38% 21y SILVER QUOTATIONS. H NEW YORK. December 14 (# (Ncon) t S 1 ales, 575, 060" ounce ts: De- cember : May, 32.00; 32,50, bid. 3100 July, March, unquoted; September, o 15 1874 109% 107 15" 421 1% 45 64 CLEARING HOUSE FIGURES Washington Clearing House figures for today, $3,389,836.33, 7 v 18 110825