Evening Star Newspaper, December 28, 1931, Page 13

FINANCIAL, THE EVENING STAR, WASHINGTON, D. C. MONDAY, DECEMBER 28 1931. DIVIDEND PAYMENT 0 BE LARGE HERE Local Corporations Will Dis- burse Considerable Sum Over Year End. BY EDWARD C. STONE. Dividends are soon to bs paid out in | large sums to los investors by cor- | rations having securities listed on the | shington Stock Exchar In addi- | tion to these disbursements a large | amount of bond interest will also be | aid during the next few da: eing estimated that the total ar on the two classes of investments will reach more than $1,500,000. It is also stated that between $150,000 and $200.- 000 will be distributed by local securities which are not listed on the exchange. Among the dividends already dcclared | will be & y ational Met- | ropolitan Benk 1t extra on | Janua: to s of d common stock ar n ferred on January 1 to stock of r | December 21 The United Savings Bank will pay | the regular quarterly dividend of pér cent on Decembe The Potomac Savings Ba 1 divide d Decem! The reguier 6 per cent Commerce vings Ja stock of record Decer 20 Other Dis 1 dividend of by the Bank of ursements Coming. Directors of the Lincoln National Bank have voted the regular semi-annual dividend of 5 per cent, payable January | 1 to stock of record December 21 | The District National is soheduled | to pay the usual quarterly dividend of 2 per cent on December 31 to share-| holders on December 21 The Columbia Title Co. distributes a | semi-annual dividend of 3 per cent and & 2 per cent extra on December 31 to| holders of record December 20 | The Capital Traction Co. is to pay & | dividend of 50 cents per share Jan\nn_\'l 1 to stockholders of record December 14 The Bank of Bethesda will favor its stockholders with the regular semi- annual dividend of 3 per cent December 31 on stock held on December 15 | The American Telephone & Telegraph | Co. pays a'regular $2.25 quarterly divi- | dend on January 15 to stock of record | December 19, | The Real Estate Title Insurance Co. | will distribute the regular 3 per cent | semi-annuel dividend and an extra of | 2 per cent on ember 31. The Real Estate Mortgage & Guar-| anty Corporation fs to pay the semi-| annual dividend of 3 per cent December | 1 to shareholders on December 19 | Directors of the Carpel Corporation | voted & dividend of 50 cents per share | to be paid January 1 to stockholders of | record December 21 | Payments by Other Concerns. | Mergenthaler Linotype Co. will pay the quarterly dividend of $1.50 a share | on December 31 to stockholders of rec- | ord December 2 The Union Trust Co. paid a 2 per| cent extra on December 18 and pays | the regular 2 per cent quarterly on January 15 | Columbia National will disburse the regular quarterly of $3 per shere on | January 2 to srareholders of record December 31 The Federal Storage Co. has voted the regular quarterly dividend of $2 a share, payable January 15 to holders | of record December 31. Terminal Refrigerating & Warchous- ing Corporation is to pay the regular semi-annual dividend of $1.50 a chare together with an extra of 25 cents per share on December 31 to stock of rec- ord December 19 The Commercial National's regular dividend of 25 per cent is due to be paid on Januery 1 to shareholders of Tecord Dacember 15, having been de- clared a few days ago Two Medical Building Dividends. Directors of the Washington Medical | Building Corporation have voted the semi-annual _dividend of 3 per cent, | payable on December 31 The Columbia Medical Building di- | rectors rave declared the semi-annual dividend of 3 per cent to be disbursed on_December 31 | The National Union Fire Insurance | Co. will pay a semi-annual dividend of | 8 per cent December 31 to stock of record December 21 The Norfolk & Washington Steam- boat Co.s quarterly dividend will be C:m January 2 to shareholders Decem- T 23 The East Washington Savings Bank's gemi-annual dividend of 8 per cent will be paid December 31, stock of record | December 24 Columbia Sand & Gravel pavs $1.75 | on the preferred stock December 14 and | Emerson’s Bromo-Seltzer, 1Inc. pays| dividends on January 2. National Mortgage & Investment preferred does the same on January 10. As noted in Saturday's Star. the Se- eurity Savings & Commercial Bank and the National Capital Bank have just voted their dividends due at this time, | and several other local banks will take | similar action in a few davs. | | | Stocks —198— High 14% 52 1064 23% 92 2314 20 109% 10% 204 9 12% KAty 59 K5y 4614 182% 126 2% 1 51% 90 378 66 9 1% 5814 102% 4% 1115 314 113 489 60 1081 2018 128% 132% 132 R0% 79 107 1% NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. 50 10 100-share lots excent those designated by letter Al Btock and Low. Dividend Ra A 2 Abitibi Pwr & Paper 5 Abitibl Pow & Papf. 96 Abram Straus pf (1) 34 Adams Express 504 Adams Exp pf (5) 10 Addressograph (1).. 124 AMliated Prod 1.60.. 47% Alr Reduction(1434) 14 Airway Elec Appl. .. 7 Alaska Juneau (50¢) 2% aAlbany Wrap Paper. 114 Allegany COrp...... 214 Alleg Cp pf 330 ww., 214 Alleg Cppf w $40 w. 21 Alleg Cp pf x $30 w.. 10 Allegheny Stesl 80c. €4 Allied Chemical (8). 100 Allied Ch&Dye pt(7) 10% Allis-Chalmers (1).. & Alpha Port Cemt (1) 11% Amerada Corp (2)... 54 Am Agri Chem(Del). 12% Am Bank ? 35 Am Bank % Am Beet § Am Beet & Amer Br Shoe (1.60). Can Co (+5) Am Can Co of (T). 45 Am Car & Foundry.. 1% Am Car & Fdy pf 5 Chain .. . 20% Am Chicle (+3) Coal (4) 7% Am European Sec 6% Am & For Power. ... 18 Am & For Pwr pf(8) Am & For Pwr pf(7) Am & For Pwr 2d pf. Am Haw St'ship (1). 4 Am Hide & Leath pf. Am Home Prod 4.20. 104 Am Ice (2) . 5 Am International 1 Am La France&Fom 14 Am La Fr&Foam pf Locomotive Lc'motive pf ( Mch & Fdy 1.40. 4% Am Metal Co_.... 14 Am Metals pt . 1% Am Natural Gas pf.. 11% Am Pwr & Lt (31) 4414 Am Pwr & Lt pf ( 3474 Am Pwr&Lt pt A(4) 35 Am P&Lt pf A st(6). 1008 o 28 . 4008 15 300 1 14 (1) 8108 1 19% Am Safety Razor () ~ 1 1% Am Seating.. % Am Ship & Com 171 Am Smitg&ReY (1%) 45 Am Sm&R 2d pf(6).. % Am Solv & Chemical. % Am Solv & Chem pf. 5 Am Steel Foundry. .. 68 Am Steel Fdry pf(7) 3314 Am Stores (1214). 33% Am Sugar Ref (5)... £45 Am Sugar Ref pf (7) 1121x Am Tel & Telex (9).. 6015 Am Tobacco (16).... 64 Am Tobacco B (t 96 Am Tobacco pf (6) 234 Am Water Wks (3).. 21% Am Wat Wkscfs(3). Am Wat W 18t pf(6) Am Woolen Co. .. % Am Woolen Co pf. 15 Am Writ Paper ctf 214 Am Zinc & Lead. .... 19 Am Type Founders.. 9% Anaconda Copoer 13 Anchor Cap (2.40). 8 Archer-Daniels (1) 20 Armour of Del pf (7) % Armour of 11l (A). % Armour of Il (B). 5w Armour of 11l of 1% Arnold Constable % Art Metal (40c) 11 Associated Apparel. 5% Associated Dry G(1) % Associated Oil. 794 Atch To&S Fe (10).. 754 Atch To&S Fe pf (5) Atl Coast Line (4).. 5 £% Atlantic Refining (1) 19 Atlas Powder (4)... 14 Atlas Powder pf (6). 215 Atlas Stores (1).... £4)5 Auburn Auto (£4) A 4% Baldwin Locomotive Baldwin Loco pf. Baltimore & Ohlo. ... Balto & Ohio pf (4). 5 Barnet Leather. . Barnet Leather pf. Barnedall Corp'n. Bayuk Cig 1st pf (7) Beatrice Cream (4).. Beech-Nut Pkg (8).. Bendix Aviation (1). Best & Co (2). Bethlehsm Ster Bethlehem Stl pf (1) Blaw Knox (50¢) . tohn Alumn (13%). « Borden Co (3)... Bore Warner (1).. Briggs M{g (1)... Eriggs&Stratton(2). Brockway Mot Trk.. Eklyn-Man Tr of (8) Bkiyn & Queens. ... Bkiyn&Queens pf(6) Bkiyn Union Gas (5) Bruns Term & Rwy Bucyrus- Bucyrus- Budd (EG) Mfg.... Budd (E G) Mfg pf. Budd Wheel Kullard Co Bulova Watch. ... Burns Bros (A)..... Burns Bros(A) v.t.c. Rurns Bros (B)..... Burns Bros pt (1)... Burrough A M(t1%) Bush Terminal(2%) Bush Term deb (7).. Butte & Superior Butterick Co. 104 Byers (A M) C 130 12 20 i 8 508 30 1 408 1 108 i 36 108 5 1 7 2 1008 23 2 208 "~ Net. Stock and Bates— Dividend Rate. 14 Contl Baking (B). 40 Contl Baking pf (8). 30% Contl Can (2%)..... 314 Cont Diamond Fibre. 18% Cont. Insur (2.40). 1 Contl Motors. 414 Contl O11 (Del) Contl Shares. Corn Products (3) Coty Inc. ... Cream of Wht(1215) Crosley Radio. . Crown Cork (2.40).. Crown Cork pf (2.7 Crucible Steel..... . Crucible Steel pf (7) 5301 Cuba Cane Products. 4 Cuba RR Df (6)..... 108 Cuban-Am Sugar.... 763s Cuban-Am Sugar pf. 160s Cudahy Packing (4). 3 Curtis Publish (4).. Curtis Publish pf (1) Curtiss Wright Curtis Wright (A).. Cutler Hammer —in3— digh. Lo 3% Davizon Debenhams Security Deere & Co pf (1.40). Delaware & Hud (9). Del Lack & Wn (2).. Detroit Edison (8).. Dia: nd Match (1). Diamond Mtch pf 1% Dome Mines (1).... Dominion Stores t1% 2508 Doug Afrcraft(t1%) 38 Dresser Mfg B (2).. il Drug Corp (4)...... 28 Dunhill Internatl. ... 150s Dupont de Nem (4).. 218 Du Pontde Npf(6).. 3 Duques Lt 1st pf (5) m Hosiery nf astern Roll Mtils Fastman Kodalk (t8) Katon Axle & 8pr(1) Fitington-Sehild Eitington Schild of. Elec Auto Lite (4) Elec Auto-Lite pf(7T) Flectric Boat Elec&Musical Instru lec Pwr & Lt (1)... lec Pwr & Lt nf(6). lec Pwr&Lt pf (1) .. Jec Storage Bat (4). merson-Brant (A). ndicott-Johnson(3) ng Pub SVe nf (5). quit OfMce Bldg 2% irfe RR..... . lrie RR1stpf. .. % Fairbanks-Morse Fashion Park Asso. . Fed Water Service A Fid Ph Fire In(2.60) Firestone T & R (1). Firestone T&R pf (6) First Natl Strs (2% Fisk Rubber........ Fisk Rubber 1st pf.. Fisk Rub 1st pf conv Follonshee Bros. .. . Food Machinery 1%. Foster- Wheeler Fourth Nat Inv (1.10 Fox Film (A)....... Franklin Smn pf(7). Gabriel C Ga—ewell Co (3 Gen Am Investors. Gen Am Tank Car(4) Gen Asphalt (2). Gen Baking (2) Gen Bronze. s Gen Cable. . Gen Cable (A). Gen Cable pf. 208 Gen Cigar (4) 2 Gen Electric (1.60)..26526s 2. Gen Elec spec (80c) . 8 Gen Food Corp (3).. 65 Gen Gas&E] A (30¢) 3 Gen Mills (3).. Gen Motors (3) Gen Motors pf (5)... Gen Outdoor Adv Gen Outdoor Adv Gen Printing Ink(2). Gen Prtg Ink of (6). Gen Publio Service Gen Ry Signal (5)... Gen Ry Sig > 482 20 158 1 Gen Realty & Utll pf 520s Gen Steel Casting pf. 208 Gen Theatre Equip 9 Gillette Saf Razor... 28 Gillatte Saf Rpf (6). 1 Gimbel Bros........ 17 Gimblel Bros pf (1). Glidden Co pr pf (7). % Gobel (Adolf)...... Gold Dust (2%). Goodrich (B F) Goodrich (BF) pf... Goodyear T& R (3). Goodyear 1st pf (7). Gotham S!1k Hosiery Graham-Paige. - “onsol (50¢) Grand Unfon. . . Girand Unfon pf (3). Granite City St Grant (W T) (1) Grigsby Grunow. ... Sugar.. 6le Hacken Wat pf A 1% 114 Hahn Dept Stores. .. 14 Hahn Dpt St pf(6%) 69 Hanna pf (7).... 11% Harb & Walker (1).. Hartman Corp (B).. Hayes Body Corp. Hercules Mot (80¢) .. Hercules Powder(3). Add 00. High. Low. Close. 7 % T 42 3% 19% 1 5% Y 38% 2% 21% 2% 14% Net. Chge. 7 + F REEEFEVE | extras (92 score). 2015 | graded fir: FINANCIA L. xxx A—13 —x STOCK PRICES SAG ON SMALL VOLUME Resumption of Trading Is Marked by Further De- clines in List. BY GEORGE T. HUGHES. Bpecial Dispatch to The Star NEW YORK, December 28.—Busi- ness was resumed today on the Stock Exchange, after the triple holiday, with the downward trend still in evidence. Stocks sagged on small volume largely because of tax selling, the time for which is becoming short, but partly be- cause of further liquidation There were one or two items of en- couraging news over the week end af- fecting particular corporations, but the general situation showed mo change. Granting of higher commutation rates to the Lackawanna road was hailed as significant of a changed attitude toward | the railways on the part of the regu- lating authorities. Lackawanna was one of the few stocks to sell higher, showing & 3 to 4 point gain during the early trading. In general, the railway shares made a better showing than the industrials or the utilities, although there were weak spots in the rails, one of which was Baltimore & Ohio. New Lows Recorded. Elsewhere in the list a number of important new lows were recorded. One was American Telephone & Telegraph, | under 113 for the first time. Another | was Westinghou Electric, under 23, where it was discounting unfavorable dividend action. Still another was Con- solidated Gas on which traders seem | to have turned bearish without any particular reason. United States Steel, American Can, Allled Chemical and General Electric were all heavy. East- man Kodak made a new low before noon, off almost & points from Thurs- day's close. The market was thin on both sides. Had there been any important buyin orders could not have been filled ex- cept at substantial advances. There was, however, no effective demand. Banking interests were said to be tak- ing stocks on a scale down, but that| sort of buying does not show for a long time. For a time General Baking advanced against the trend. The low price of flour has helped the baking companies and an officer of General Baking was recently quoted as saying that his com- pany would add $800,000 to surplus this year after all dividends. Other food stocks reacted Corn Products and Shattuck were two instances. Except for the Allied Chemical meet- ing Tuesday, the market has no im- portant dividend dates to trouble it. Allied Chemical is said to be earning the full $6 rate, but the price of the stock would indicate there was some doubt about its maintenance. However, in this market stocks fell off regardless of prospects. Call money renewed at 3 per cent and was in moderate supply at that rate, with some calling of loans. Opening Prices Irregular. Price trends were mixed at the open- £ The rails were one of the few groups that displayed & fairly uniform up- ward tendency. Norfolk & Western opened up 2 points at 117. Chicago & Northwestern was up % at 6s. New York Central rose 13 to 29 Over-the-holiday _developments in- cluded a new low recorded by weekly commodity price averages, & drop of 24 cents in sterling here to $3.41%, and | the announcement of numerous epecific steel construction projects. United States Steel cpened at 37%, oft 4. Bethlehem Steel at 18 declined Vs point to a new low. General Elec- tric gained 14 to 24%. Most of the food stocks, such as National Biscuit at 39's, National Dairy Products at 227, and Standard Brands at 12Y, were fractionally lower. American Can at 61% was unchanged, as was J. L Case at 40. General Motors lost s at 321y and Auburn Auto was down 1 at 1203, American Telephone declined % to 1143, Consolidated Gas rose % to 60. International Telephone was up 1, at 83, but North American was oft 1, at 32';. Reynolds Tobacco B dropped 'z to 33 and Standard Ol of California decreased 35 to 23%. CHICAGO DAIRY MARKET. CHICAGO, December 28 (#)—But- ter — Receipts, 14,511 tubs; y creamery specials (93 score), 3 extra firsts (90- firsts (88-89 score), (86-87 score), 2la 5; standards (80 score, centralized s5), 25. Eges — Receipts, 5386 cases: steady; extra firsts, 25a26; fresh 24; current receipts, 20a 22; refrigerator firsts, 17'2; refrigera- to ‘extras, 1815 CLEARING HOUSE FIGURES. Washington Clearing House figures for today, $2.193,499.30. 91 score), 25a27'5: 231,824!,; seconds U. S. TREASURY BALANCE. The United States Treasury balance announced today as of close of business December 23 was $510,85 toms receipts for the mo; were $20,171,297.11. Total ordinary ex- Washington Produce Butter—One-pound prints, 36; tub, 35. Eggs—Hennery, 28a33; current re- ceipts, 24a27. Poultry, alive—Turkeys, old toms, 20 822; young toms and hens, 25a28; chick- ens, 3 pounds and over, 18a21; 2 to 2} pounds, 21a22; broilers, 1% to 2 pounds, 21a22; hens, large, 14a16; small, 12a14; Leghorn hens, 13a14; roosters, 10; keats, young, 40a45; old, 25a35. Poult: dressed—Turkeys, old toms, 24a26; young toms and hens, 27a30; chickens, 3 pounds and over, 20a22; 2 to 215 pounds, 22a25; broilers, 115 to 2 pounds, 23a25; hens, large, 17a19; small, 15a17; Leghorn hens, 14al5; roosters, 13; keats, young, 60a70; old, 50. Meats—Beef, prime, 16; choice, 15; good, 122a13; cow, 92a10; lamb, top, 14; fair to good, 13a14; common, 10all; veal, top, 14; medium, 1215a13; pork loins, 8 to 10 pounds, 1lalllz; 10 to 12 pounds, 10; fresh hams, 8 to 10 pounds, 13; 18 to 22 polinds, 19; smoked hams, 16al7; strip bacon, 16al7; lard, 80-pound tins, 8'z; package, 9; com- pounds, 7a7'z. Fruits—Strawberries, pint, 18; apples, bushel baskets, 40a2.00; fancy box stock, 2.25a2.50; pineapples, 3.50; grapes, Al meiras, 2.00a2.50; Emperors, 2.00a2.50; , 2.50; oranges, California, Florida, 2.50a3.50; pears, 2.75 a3.25; 75a2.50; lemons, 3.50a 5.50; grapefruit, 2.25a2.75; tangerines, 1.25a1.75; kumgquats, quart, 10a15; per- simmons, 1.00a2.00. Vegetables — Potatoes, Maine, 100- 1.25; New York, 150-pound Idaho bakers, 100-pound sacks, 5, sweets, Eastern Shore, 50a red, 75a90; lettuce, Iceberg, 4.50a Florida, 2.00; broccoli, 3.50; cauliflower, 2.00a2.50; carrots, Califor- nia, crat 4.00; nearby, bushel, 75a 1.00: string beans, 2.0022.25; limas, 4.00 a4.50; peas. 8.00a9.00; beets, 100 bunches, 3.00a4.00; salsify, per dozen bunches, 1.00a1.20; peppers, 3.00a3.50; kale, 50a 60; spinach, 1.00; mushrooms, 80a1.00; turnips, 50a60; artichokes, 4.00a5.00; okra, Cuba, per pan, 90a1.00; Florida, per bushel, 3.25a3.50; cabbage, new, 40- pound basket, 2.25a2.50; old, 100-pound sack, 1.25; celery, 3.50; yellow squash, bushel baskets, 3.50; eggplant, crates, 3.50;, cucumbers, pans of 12, 1.00; car- rots, California, crates, 4.50a4.75; to- matoes, 6-pan crates, 3.0086.00. RECORD IN AUTOMOTIVE EQUIPMENT SALE NOTED By the Associated Press. i NEW YORK, December 28.—One of the largest sales of automotive equip- ment in recent years was closed today with the signing of a contract between the Terminal Cab Corporation and Gerieral Motors Corporation, calling for fis{)isvery by the latter of 1,000 new taxi- cabs. 5.00; SIiVER QUOTATIONS. NEW YORK, December 28 (/).—Noon —Silver futures dull. Sales, 25000 ounces. Quotations in cents: December, 30.50 bid; March, 31.20 bid; May, 31.75 bid; July unquoted, September unquoted. POTATO MARKET. CHICAGO, December 28 (#) (United States Department of Agriculture) — Potatoes—Receipts, 178 cars; on track, 132; total United States shipments, Thursday, 433; Friday, 57: Saturday, 353; Sunday, 11; weak on No. 2 russets, steady on other stock; trading rather slow; sacked per hundredweight, Wis- consin round whites, 80a85; few 90: un- classified around 70; Colorado McClures, 1.35a1.50; Nebraska Triumphs, 1.05a Idaho russets, No. 1, 1.50a1.65; 2, 85a90; commerc: 1.00a :;‘l"f'l‘*'l"l"l"l--l'*'!"l"l'+*++++++++'fi' fInvest Xmas Money: Where You Can Accumulate Safely Earn 6% Let us send you a list of our current offerings. B Be assured of prin- cipal as well as interest .. . invest in safe Guaranty Bonds. Denominations as low as $100 Monthly Payments if Desired Send. for Booklet, "The Success Plan™ : : i REALESTATE : I bbbt bbbt bt bbb bbbt MORTGAGE & GUARARTY CORPDRATION ;mo K §t. N.W. National 1403 2, e . .., . 1 3 " NORTH AMERICAN TRUST SHARES CORPORATE TRUST SHARES DIVERSIFIED TRUSTEE SHARES B 0 e Fans | December Coupons Cashed |COTTON KEEPS UP LEAD IN EXPORTS Heavy Shipments to Far East Noted—Fruits Show Value Increases. BY CHAS. P. SHAEFFER, Associated Press Pinancial Writer. | Unmanufactured cotton continues as our leading export commodity. | A survey of foreign trade of the! United States during the first nine| months of 1931, conducted by the Chamber of Commerce of she United States, revealed that during this period | shipments of raw cotton _amounted to | 1,921.569,000 pounds. This, quanta- | tively. was 6 per cent less than for the corresponding period last year, and 24 per cent smaller than the average for the five-year period, 1926-1930. | Far Eastern purchases aided tr commodity immeasurably. the chamber said, with Japan taking 503,970,000 pounds: China, Hong Kong and Kwar tung, 200,073,000 pounds, and British India, 508.970,000 pounds. These Ori- ental markets thus accounted for nearly 40 per cent of our total sales of raw cotton, | Notwithstanding sharp price declines, | four leading exports showed increased | values. These were power-driven metal-working machinery and three fruits, apples, oranges and prunes. In quantity, 18 of 95 items were larger for the nine months of 1931 than in the same period of last year These, with their percentages of in- crease, were as follows: Apples, .07 oranges, 163: prunes, 108; grapefruit 74; ralsins, 13; pears, 23; canned fruit 11; rice, 8; oil cake and oil cake m 23; inedible animal oils and greases, 28 crude petroleum 7; old and scrap cop- per. 156; radio receiving sets, 118; commercial electrical refrigerators, up to | one ton, 22; electric_household refrig- erators, 0.2; wood doors, 0.07; unex- posed motion picture films, 25, and carbon black, 5 per cent, Out of exports of 26,600 wheel trac- tors during the nine-month period, nearly 80 per cent represented ship- ments to Soviet Russia in January and February. Since that time exports of this article have been small First Mortgage Loans Lowest Rates of Interest and Commission | Thomas J. Fisher & Company. Inc. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. and Indiana Ave. N.W. 67th Series of Stock Now Open for Subscription 5% INTEREST PAID ON STOCK Jares E Connelly, James F. Shea, President Secretary —— management charge. We have a thoroughly nominal fee. PROMPT MORYGAGE. Loaw 1321 Connecticut Ave. * Organized 1879 JOHN JOY EDSON, President remi INVARIABLE rule of this office RANDALL H. HAGNER & COMPANY 0 Money to Loan Seeured by first deed of trust on real estate, Prevailing interest and commission. Joseph L Weller g3 mah % 41 REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFCRD Applications _invited on high-class ments and dwellings, and partieu- on well located business properties, or 3, 5 or 10 years, i so desired. f 1528 K St. N.W. National 0475 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. Associated Gas and Electric Company Dividend No. 28 on Class A Stock d of Directors has dividend ferred stock at the rate of 1 share of said Preferred £ February 1, 1932, to holders of record at the close of business December 30, 1931. Dividend No. 5 on $4 Cumalative reference Stock The Board of Directors also declared a dividend on the $4 Cumulative Preference Stock of 1/70t of §5 Divide record at the ocember 30, 1931 M. C. O'KEEFFE, Secrstary. WE PAY INTEREST for Happiness For it is only through the medium of a sub- stantial financial back- ground that one can at- tain the fredom from fi- nancial worries so neces- sary to well being. Start an ‘account today E . . Open Daily 9 10 5 Saturdays Until Noon N Ational 1381 I NATIONAL. PERMANENT /| BUILDING ASSOCIATION 949 NINTH ST, N UNDER SUPERVISION OF U.3.T| We Give Property Management Personal Attention ONTRAST the difference between being contin- ually annoyed with details in connection with the of your hol_xse: office building, residential or business—and enjoying immunity from all worry by placing us in properties — apartment organized Property Man- agement Department—which is at your service for a ttance is the CORRE SPONDENT Decatur 3600 * 52nd YEAR COMPLETED Equitable Co-Operative Bldg. Ass'n WALTER S. PRATT, Jr, Secretary Assets. .... Don’t spend all your Christmas money—start a systematic Savings Account with the Equitable! $6,124,601.90 Subscriptions for the 102nd Issue of Stock Being Received SAVE SOME OF Your Christmas Money I $2.50 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. Start now. 915 F ST. 000000 SAEE penditures were $4,271,956.11. NEW YORK BANK STOCKS The Pederal-American National Bank & Trust Co. has voted the regular divi- dends: the Federal-American Co. has | also declared the payments due at this | time. The Piremer surance Co. of Washington and Georgetown is paying o the semi-annual dividerd of 4 per cent| g2 on January 2, and the venth Street | 1311 Savings Bank will disburse the semi- annual $6 dividend December 31 Today's Trading on Exchange In light trading on the Washington | Stock Exchange today. Washington Gas | Tight 5 sold at 100 for a $1.000 bond, | Gas 6s, series B, moved at par 1 Twenty shares of Potomac Electric | Power 51, per cent preferred came out | on the board at 102 In the unlisted department. $1.000 | Army and Navy Club 58 changed hands as 9 California Packing. . ¥ 1 Hershey Choe (6). .. 4 Callanan Zine & Ld. 1 Hershey Choc of (16! Calumet & Hecla. ... : k S tiollander Sons. . . mp W&C Fdy (1). % 3 v aille Hershey. . Canada Dry (1.20) 1sehld Fin pf 4. nadian Pacific 1% uston Ofl. .. . nnon Mills (1.60). Houston O1l (new).. Case (JI)Co.vvunnn Howe Sound (2).... Caterpillar Trac (2). Hudson & Man (3%) Cavanaugh-Dobbs pt Hudson Motor (1) Celanese Corp...... Hunp Motor Celotex Co. Celotex pf cese Cent Aguirre (1%).. Cerrode Pasco (1) Certain-teed Prod... i Checker Cab Mrfg. .. : y I BANaICO s i Ches & Ohio (2%)... 5 - S nabi e Chesapeake Corn(3). 24 Tnsur Sh(Md) (286) t Western. . interboro Rap Trans Chi Great Westn pf. 2 9 E 5 i intarlake Tion Chi Mil StP & Pac. 1017 Y ¥ thAriculiire s 225:‘ 8 g 1 Int Azriculture pf . 13 Int Bus Machine(né) & Northwestn pt 3 Int Carrlera.l,ta 800, i Pneu Teol ... Int Cement (8) Preu Tuol of.. It Comibustiont Rights Executed Exchanges Made Per Share Complete Information NEW YORK, December 28 Upon Request n Request Over-the-counter market Chase o Chatham Phoenix Commercial National . National N'Y.. H g El g El El E 2 g H 2 H E § g El g H H E £ g = 3 E g £ WAGGAMAN, BRAWNER & CO., INC. 1700 Eye N.W. 9% [liinols Central " Indian Motor Indian Refining. Indust Rayon (4) . Putlic ME. 3860 ERIERS T M @R BGIA G ES ankers . This Your Guarantees Satiafaction Corn Exchange ... Empire pes Gurranty P OF RECOGNIZED MERIT The appraisement which is made of improved Washing- ton real estate upon which we loan— gives to our ¢ &heet, shows 33 stocks soon to | ends | Heard in Financial District 21, Ch Pennsylvania today reported a! 15 1L ng income for November of [ 85 7 *h inst $5,480,442 in Novem- | 65 9,086 in Novemper first 11 months of | 48,136,625, com- | perating income of | 930 and $129,432,504 in 8 Manufactirers York SUNLIGHT BY WIRE @ Now electricity adds health- giving mid-summer sun fo lis long list of valuable services. d The Sunlamp is impressing peo- g Collins & Ak pr (7). Int Stiver pf (7)., 1008 ple with the wonderful services Without a Colonial Beacon. .. 3 IntTel & Telex(60c). 194 electrictty can render if given La Columb G&EL(b1%).72498 Bty e the opportunity. It writes en- " other chapter 1 the already Col Gas&El pt A (8). Investors Equity. ... Columb Carbon (4).. Island Cr'k Coal (3). large book of electrical benefits for the home. Comm Credit (1.60). e oA (1434). @ Sunlight by wire ls one of the meny C Tedit A (3).. 8 % Johns- ) omcl Ci ) 0% 15% Johns-Manville (1).. mew uses pointing fo continued growth e f:u‘u‘s:)f 128 68 Jones & Laugh pf(7) 45 6% Kansas City Southa. 4 and stablllty for the eleciric light and power industry. pa The conservative net_operat $3.850.891 ber, 1930, ar 29 Net for the 31, amounted t 2 hicago R I&Pacific. 6 hi R1& Pac6% pf. 10 R1&Pac7% pf 6 1 Int Harvester (2%). Int Hydro E1 A (e2).x Int Match pf (4). hicago Yellow C(2) 508 Chickasha Cotton Ofl Childs Company . 6 Chrysler Corp (1)...101508 City Ice&Fuel pf 6 108 City Stores......... 11 Cluett-Peabody (3). 1 ett-Peabdy pf (T) 308 ,coa-Cola (18) 92 ickel of Can 208 Int Paper pf. s % FIRST MORTGAGES Over a Third of a Century Int Paper & Pwr pf.. Int Printing Ink, ... Int Printg Ink pf (§) Int Rys of CenAm pf INUSAl (3)....euens Int Shos (3) 4 Int Siiver 1os special importance. It means sound 1 security for your principal invested in them —and this liberal interest throughout the entire term the mort- gage runs. rorease of $719.000.000 ber 24, 1930, the corresponding week of last year RAILWAY EARNINGS NEW YORK, December 28 () —No- vember net railway operating income of roads reporting today showed a few increases, mostly small. The state- ments included More Berloy Steel Transfers are sold t] ny other make for the e storage of old correspondence hich need not be Kkept in higher-priced current files. The, solid sides and hisn back keep the contents safe from fire, dust and mice. heavy cha nel frame 'permits stackil loaded cases to the ceiling witl gut, “esusing “lower “drawers "to ind. 13 May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th. St.«N.W. 2 12 108 T I. o ¢ Comel Solvents (1), 39 $3.342.8 3 Comwl Sou(30¢ ‘ 1.300.308 198 080 @ Comrihason st (6 e 14 des 6% Congolm-Natrn (1). E Kelly-Spring Tir e 6% Congress Cigar (1).. & Kelly-Spr T 84 pf. 3 Southwenier Pt | 42 Consol Cxr pr of 6% 1108 Kelsey-Fiayeh Whee! Aroostook 61 Consol Cigars pf (7) 20s Kelvinator Corp . 8% Consol Film.......0 2 Kendall Co pf (), 204 2 Extra Compensation Stopped. BTk Ccnsol Gas N ¥ (4). 219 Kennecott Copper 50¢ 58 > BR Consol Gas NY pf(6)x L Kimberly Clark 2% NEW YORK. December 28 (4% —The | %15 Consol Laundries(1) 48628 Kinney (G R) Co pf. ral Electric Co. has notified em #% ConsolRwys pf (8).. Kresge (S 8) (1. ‘s)‘ Dloyes that the 5 per cent supplementary | 1% % Consol Textile. ...+ Kress (SH) Co (§1), compensation paid upon completion of = 814 % Container Corp (A). X Krenger & Tou s 410, five year's service will be discontinued 8 ML 4 Container Corp (B) —_— after January 1, 1933, 30 4% Contl Baking (A) (Continued on pagy, A& Comecl Inv Trust (2) 788s Karstadt (Rudolph). 24% i 13 708 0¥ @ For sound utility invesiments 6 write for Circular M 156. General Utility Securitie INCORPORATED 81 Broadway P AT AATA A e St Bangor STEEL TRANSFER UN(TS STO CKEI 16% 421 408 18 2 45 Now York