Evening Star Newspaper, December 28, 1931, Page 14

D FINANCIAL. THE EVENING STAR, WASHINGTON, 10} (B MONDAY, DECEMBER 28, 1931. FINANCIAL ———— PRODUCE MARKETS INSTEADY TREND Price Movements' Hold Up Well During Dull Holiday Season. le pro- was in wholz s weck of the duce mar Christm sharp contrast to the activity in retail trade during the holiday season, savs the United States Department of Agri- culture, Bureau of -Agricultural Eco- nomics, Market News Service. In the producing sections, too, there is the usual year end slowing down of deliv- eries, trading and shipments Carlot movemsnt is in slow volume. Prices are | fairly steady in most lines. A few small declines gave the general market a slightly wenker tone. Onions are an ex- ception in holding a firm positic upward price tre Good eell ell alo ause Western output of choice stos pot cold a higher markets llness es in Potato Markets Dull. Carlot shipments of potatoes continue light—daily total from all sections is only 400 to 500 cars, Heaulings from farm to shipping point are light in pro- Gucing sections and there is little ac- tivity among dealers and shippers. Prices held about steady in Western New Y demand was slow and Jed in s have been T owing to temperature below | and deep snowdrifts in some places. The price p2id to growers remains about | 50 cents per barrel in bulk. Most of the recent buying has been for imme- diate needs only. Carlot sales were on the local basis of 43 cents per 100- pound sack. Maine shipments are lag- hose of last season to the Maine Green a steady price range | 85 cents to $1%20 on reached $1.25 | 1 markets $1.45 to Pennsy.vania f sweet potatoes were ex- the of the| applie re- | markets. Demand con- | w end there was > gen-| change in the price situation al- end of the Chicago market | Maryland and New Jer- | 40 to 75 cents a in Eastern markets. Eastern stoci was steady in Baltimore to 35 cents, but advanced to top cents in Washington. New Jer- cweets so'd higher in Pittsburgh{ nd Cleveland at §120. Virginia white | yams were steacy at 35 to 60 cents in| p:] nd_ Philadelphia. _ South Carolina Porto Ricans brought 50 to 75 | cents in Pittsburgh Onien Prices Hold. | The shippers of onions are generally | holding their prices at previous levels in prozucing sections. The interest ghown by the city trade has lessened for the time being. Prices at country ship- ; points have been relatively high in o quotations in consuming ets. Sales of 50-pound sacks in rn and Central New York reached New York and Massachu- go.s vellow varieties sold at $1.60 to £210 per 50 pounds in the large mar- showing a slight gain in_Boston steadiness _elsewhere. ~ Western | ots showed little further change. ailed in the cabbags the last half of December e is something of a deadlock b n growers and dealers in Eastern | producing sections, owing to recent slight declines in prices. which growers illing to accept, but holiday con- ons accounted for much of the in- acticn, Dealers expect greater market activity after the new year. Supplies ere moderate in most Eastern markets but limited in Boston. Prices were gen- eady, but weakened slightly in delphia and _the Middle West.! Gezeral range in Eastern markets was | ) per ton in bulk. Prices of uthorn cabbage tended slightly lower. ces of New York carrots declined it 10 cents to 100 pounds in N"wi York with jobbing sales at 90 cents to Philadelphia and Washington | r continued unchanged. The volume of carrots moving from Eastern | roducing sections is small and there is change in price. A few sales 99 cents for 100 pounds. After ear carrots from cold storage will were e Ther move to market. Michigan lower in Pittsburgh and e declines of prices of | in several markets. Market Irregular. | ¥ now moving out of fair quality and condition. ed cars remain avail- Prices at shipp s have ranged from $1.10 to $1 per two-thirds crate. The irregularity of the condition of the celery is largely ble for the wide range of values, e moderate in most but were heavy in Boston week and liberal in Pitts- Quality of Eastern stock was prices ranged from $1 to California and Florida ut ste y Eastern dinzry in a few hun ipmen Apple Markets Quiet. lize on apples find trading light the timi r. Trend of prices tinues frregular owing somewhat to variable conditions of the fruit. A large proportion of sales of Baldwins in West- New York consists of grades lower 1. Some common storage old as low as 70 cents per and such stock rarely exceeded Greenings from cold storage Moderate sup- are the rule in kets. Eastern Stay- £1 to $1.25 per bushel ets, but sold at 60 cents burgh, Baltimore and rn Yorks ranged 65 in most markets. Black red the Atlanta market at ins ranged 65 cents to $1 sual topped the price list $2. Opera to cents to $1 Twigs feat $125 Bald MclIntosh a: with some sales at RAILROAD SECURITIES POSITION IS IMPROVED By the Associated Press NEW YORK, December 28.—One of the factors that has operated toward a more favorzble sentiment curities is the apparent growing solici- tude of the Interstate Commerce Com- mission for the railroads in their pres- ent dificulties. Wall Street believes this has been avidenced in the commission’s recent suggestion for a more balanced compe- tition, its partially favorable decision in the application of the roads for & 15 er cent advance in freight rates, and of the} | | | | in rails se-| astly, by its stand upholding the Lacka- wanna's advance in commuting rates. Rec:rd Telephone Business. NEW YORK. December 28 (#).—A yecord for volume and number countries involved was set in of the Christmas day overseas telephone calls handled through American Telephone & Telegraph Co.’s radio stations in Unitegtates. 5 the NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. (Continued From Page 13.) 1931— Stock and h Low. Dividend Rate. 15 1214 Kroger Grocery (1). Sales— 12 46% 1 vl 10% 365 19% fis 28 13 1318 401 Lambert Co (8) 4974 17 Lehigh Valley Coa 6 Lehizh Val Coal pf.. Lehigh Valley R R.. Lehman Corp (2.40). Lehn & Fink (3) Libbey Owens Gla Liggett & Mvers(ts Ligs & Myers B (+5) 3840 Ligg & Myers ot (1), Link Belt (1.20) Liquid Carbonie (2). Loew's. Inc (14).... Long Bell Lumh(A) Loose-Wiles (13).... Lorillard (P) (1.20). Lorrillard (P) pf (7) 1 Loulsiana Oil....... 177 Lou Gas&E) A (1%) 20% Louisville & Nash(4) 2 Ludlum Steel pf McAna & <0 < MeCall Corp (2%) MeCrory Strs A (2 MeCrory (B) (2) McGraw Hill Pub Mclntyre Pore M (1) McKeesport T P (4). McKesson & Rolfbins MciKes&Rob pf(3%) McLellan Store: Mack Trucks (1).... Macy (RH)& Co(n3). Madison Sq Garden. . Magma Copper (1).. Manhat Elev gtd (7) ManhatElev mod gtd Manhattant Shirt(1) Manati Suzar nf Maraecaibo € \arine Midld « A rlin Rockwel n Mator Sarchall Field 2 Mathieson AlKill (2) May Dept Strs (214) May X May Melvi L 1% 36% 19% N 45 44y 461 44 110% 110% 15 15 4% 1 1 1 1 Mesta Machine (2).. Met-Gold Pic pf 1.89. Miam!i Copper Mid Continent Petm.3009: Midland Steel (3). Midland Steel pf (8). Minneap Foney R(3) Minn Moline Pow. .. Minne-Moline P pf.. Mo Kan & Texas. ... Mo Kans & Texas pf. Missouri Pacific. .. Missouri Pacific pf.. Mohawk Carpet. ... Monsanto Chem (1% ) Montgomery Ward Morrell (J) & Co (3) Mother Lode. ....... Motor Meter G & El. Motor Products (2). Motor Wheel (50¢) Mullins Mfe. Mullins Mfg nf. Munsingwear Inc(2) Murray Corp. Nash Motors (2)... 12% Nash Chat & St L(3 214 Nat Acme Co 1 Nat Bella Hess. .... 361 Nat Biscuit (2.80).. Nat Biscuit pf (7). Nat "ash Reg (A). Nat Dary 0).. Nat Dept Stores. . Nat Dept Strs 1st pf. Nat Enam & Stamp. Nat Lead pf A (7). Nat Pwr & Lt (1) Nat Steel (2). Nat Supply Co. Nat Supply pf Nat Surety (2). Nat Tea (1).. Nev Con Cop (40c). Newport Industries Newton Steel. . N Y Alr Brake. 61y N Y Central......... 23 2818 N Y Chicago & St L. 1 5 N Y Chi & StL pf 10 51 N Y & Harlem (5)... 20s 107% 106 N Y Inestors. ... 11 1% 1% NY,NH& Hartford 45 20% 181 NYNH&Hpf (). 1 52 52 N Y Ont & Western.. G N Y Railwavs pf. % “ N Y Shipbuilding 4 4 N Y Steam 1st pf( 97 Noranda Mines (2) 1% Norf & Westn (112). 114 North Am Aviation. 2% Nor Amer(b10 % stk) 30% North Amer pf (3). 40% North Am Ed pf (6). 80 Northern Pacific 3) 15% Nor Ger Lloyd m2.56 15 Norwalk Tire & Rub. 5ia ONOON . ...... .. 5 Oliver Farm Equip 3 OlivFarm Eq pr pf 16' Otis Elevator (23%). 100% Otis Elev pf (6) 315 Otls Steel. .. Otis Steel prpf...... Owens I11 Glass (2). % Pacific Gas & El (2). Pacific Lighting (3). 201% 111 5 20 15 80 308 4 18 1105 112 33 62 3 405 6 13 6 6 80s 1114 111 14 131 134 5 197 19% 8508 6% 6l 308 21 242 6 6% 43 5% ) 3 2% 2 5 508 9 8 118 14 2 201 324 1 404 1 80 63 16 2 4 5 4 105% 284 26 40% 79 14 4 1913 5% 26 5813 12914 164 695 39% 547s 69'a 26% 131% 133 1% 50% 11 1919 408 100%5 101 5 4 408 9% 20t 33 31y 9 20 317% 37% 8 98 109 5 12 3 4408 9 40s 991 50s 109 96 4% 847 612 1% 35 % Pacific Tel&Teleg (1) Pacific T & T pf (6). %« Packard Motor (40c) i3 Par-Pub (b10% stk) Park Utah.. . 1% Pathe Exchange. 1ix Pathe Exchange (A) 4w Patino Mines. . .. Pcerless r Car. Penick & Ford (t1%) 26% Penney (J C) (2.40). a, Penn Dixie Cement. . 3% Penn Dixie Cmt pf.. 11 16% Penna Rallroad (2).. 88 18% 15 Peop Drug Strs (.. 1 15 107 Peoples Gas(Chi)(8) 3 112% 111% 4 PereMarquetteRy.. 2 5 44 6 Pere Marquettepf... 110s 6% 6 9 Pere Marquette prpf 408 108 10% 3 Pet Corp of A(mb0c) 30 5% Phelps Dodge Co.... 11 9%, Phila&Reading C&I 7 &4 Philip Morris&Co(1) 2 4 Phillips Petroleum. . 63 391, Pierce-Arrow pf (6). 13 Y% Pierce Oil.. 3% Plerce Oil pf. 1 Plerce Petroleum. ... 19%, Pillsbury Flour (2).. 261 Pirelli (A) (m3.13).. 30 Pitts Coal pf........ 3 Pittsbgh Screw & B 21% Pitts Steel pf 13 Pitts Term Coal pf. 3 Poor & Co (B) 2 Port Ric AmT 8 Port R Am Tcb (B). 4 Postal Tel&Cable pf. 41 Prairie Ol & Gas 57 Prairie Pipe Line 14 Pressed Steel Car. 6 Pressed Steel Car pf. 36'¢ Proct & Gamb *2.40) 1 Pro& Refiners. .. 3 Prod & Refiners b » Public Sve NJ(3.40). 1021, 781 Public Sve NJ pf (5) 1200 92 Public Sve NJ pt (8) 107% 87% Pub Svc GEE nt (5). 5815 15% Pullman Corp (3). 2 1, Punta Alegre Sugar. 11% 3% PureO1l. 55% 10% Purity Balerles (2). 27% b'a Kadio Corp.-.... 60 93 Radio Corppf (B) 24% fo-Kth Orph ctfs 4 Radio-Keith-O(new) 29% Raybestos Man(1.60) 9Tis Reading Rwy (4)... 4 Readin 24 pf(2) 30% Real Silk Hoslery. .. 90 1ty 10 6 6 80 15% 87 28 13% 27 8 3915 20% 2619 1% 6 16 9614 1008 48 4208 34 1 1 Real Silk Hosiery pf. Reis (Robt) & Co. Remington-Rand. Rem Rand 1st pf. . Rgo Motor Car(40¢) . 4 Republic Steel. . Republic Steel pf. Revere Copper (A).. Reynolds Met (133). Reynolds Tob B (3. Richfleld Ofl. Rio Grande Ofl 5% Ritter Dent Mfg 10, 4n 8l 7 % 3214 % 1% 79 32% k(A BANK OF SPAIN PLANS holders discuss TO ENFORCE NEW LAWS | reuiations. Tne 1aws gave the treasiy the right to intervene in the bank’s | private affairs, | Gov. Julio Carabias of the bank said: By the Associated Press. Add 00. High. Low. Close. Chre. | —1931— Stock and High. Low. Dividend Rate. 26 3% Rossia [nsof Amer 42% 13 Royal Dutch of NY 12% = " | 7691, 38% Safeway Stores (8).. -1 977 63'; Safeway Strs pf (6), — 'a| 108%3 71 Safeway Strspf (7). 714 St Toseph Lead (60c) 3 s San Francisco. . 41 S Fran pf(6). 614 St Louis Southwn pf 3% Savage Arms....... 3'¢ Schulte Retall Stores 30 Schuite Stores pf (8) B3R!y Scott Paper (11.40) . n Seaboard Air Line. . s Seaboard Afr Line pt 5'9 Seaboard Ofl. . Sears Roebuck (2%), Second Natl Inv. Seneca Copper...... Servel Inc. . Sharon Steel Hoop. . Sharp & Dohm Sharp & Do pf %). 2 Shattuck(FG) (t1%) 5425s Shell UInfon ON1 hell Union Ofl pf hubert Theaters Simmons Co . Simms Petroleum Sinelair Consol Oil. . Skelly Oil...... Skelly Oil of ww.... Sloss-Sheff Steel pf. Snider Packing. Snider Packing pf. Socony-Vacuum (1). Solv Am pf ww(5%) 1 South Port Rico Sug 6 Sou P Rico Sug pf(8) 10s Southn Ca! E4 (2) 44 Southern Pacific (4) 3510s Southern Railway... 41 Southern Railway pf 5 Son Ry M&O etfs(1), 2 Dalding (AG) (10). parksWithinzton r& Copf (7) Keliog(80c) Soicer Mfu spicer Mfg pf (3)... piegel-May-Stern. . tand Brands (1.20). Stand Brands pf (7). Stand Comcl Tobacee Stand Gas&E) (3%). Stand Gas&El pf (4). Stand Gas&El pf (6). Stand Invest Corp... Stand Ofl of Cal(2%) Stand Oil Exp pf (5). Stand Ofl of Kan Stand O11 NJ (12). Sterling Secur (A).. Sterling Secur pf. Sterling Secur cv pf. Stewart Warner. . Srone& Webster (m2) Studebaker Co(1.20) SunOIll (1)..... . Sun OIl pf (6) Superheater Corp (1) Superfor Oil. Superlor Steel. . Svmington (A) 11% Telautograph (1.40). 2 Tennessee Corom. “x Texas Corp (2)..... Tex Gulf Sulphur(3) Tex Pacific Coal&Oil Tex Pacific Land Tr. Thatcher Mfg Co. The Fair 1) . Thermotd Ci Third Avenue Thompson Prod 1 20. Thompson Starrett. . Tide Water Asso Ofl. Tide Water As pf(6) Tide Wat O11 pf (5).. Timken Roller B(2). Tobacco Products. .. Tobacco Prod A t95¢ Transamerica Corp.. Transue & Williams. Tri-Contl Corp. ...... Tri-Contl Corp p£(6) Trico Products(2%) Truax Traer Coal Co Truscon Steel. ...... 2 Twin City Rap Trasit 13 Underwood-ElI-F (3) 16 27t Union Carb & (2.60).14001s : 11 UnionOilofCal (2). 8 71s Unfon Pacifio (10).. 31 51 Cnlon Pacific pf (4). 25 16 Un Tank Car (1.60).. 22 97 Unit Afreraft. . 60 40 Unit Alrcraftpf 3). 2 5 Unit Am Bosch. 5 Unit Biscult (2) 2 Unit Business Pub.. 30s Unit Cigar Store 2 Unit Corp (76c). Unit Corp pf (3) 26 Unit Fruft (3)...... 38 Unit Gas&Im(1.20). 14030s Unit Gas&Im pf(5).. Unit Pice Dye W (1). U'S & Forn Secur. .. U S & For Sec pf(6). U S Gypsum (1.60).. U S Hoffman. . - U'S Indus Alcohol US Leather. ... US Leather (A) US Pipe & Fdry (3 U S Realty & Imp. U S Rubber...... U S Rubber 18t pf. U S Smtg & Ref (1). U S Smtg&Ref pf 3% U S Steel Corpm (4) . U S Steel pf (7)..... U S Tobacco (4.40).. United Stares (A) United Stores pf (4) Univ Leaf Tob (3).. Univ Leaf Tob pf(8) % Univ Pipe & Rad. ... Tia Util Pwr & LtA (2). 4 Va-Cora Chem. 5 2% Va-Car Chem 6% pf. 81 Va Elec&Pwr pf (6). 10 VaIron Coal & Coke. % Vadasco Sales Corp. 11 Vanadium Corp..... 204 Vulean Detin (4). s Wabash R R. 112 Wabash RR (A). 17% Waldort Sys (1%4).. 2 Walworth Co. . 1% Ward Baking (B). 24 Ward Baking pf (7) 24 Warn Bros Pictur 3% Warren Bros. ...... 13% Warren Fdy & P1.20 4 % Webster Eisenlohr.. 2 20 Webster-Eisenlhr pf 100s 12 Wesson Oil&Sno(2). 14 49's West Pa EL pf (6)... 108 505 West Pa Elec A (7).. 110s 55 West Pa ElDf (1)... 2308 West Pa Pwr pf (7). 708 Western Dairy (A).. Western Dairy (B).. Western Maryland. , Western Md 2d pf. .. Western Pacific. . Western Pacific pt. . Western Unfon (6)..2150s Westinghse AB(2).. 16 Westinghouse (2%). 186 Wsthse EM 1stm3% 140s Westvaco Chlor 1.60. White Motors. .. White Rock (143).. White Sewing Mach. White Sewing Ma pf. Wilcox Oil & Gas, Willys-Overland. ... Willys-Overland pf Wilson&C....... Wilson & Co (A) Wilson & Co pf 3 Woolworth (14.40).,10450s Worthington Pump 2 Wrigley (Wm) (4).. 3 Yellow Truck 17 Yellow Truck & C pf. 1108 6% Young Spring& W(1) 10 12 Yestwn Sheet&Tube 2 S Zenith Radlo 37 6% Zonite Prod Corp (1) 1 RIGHTS—EXPIRE. % PeopGL&C.Jan1s 271 14 14 Sales of Stocks on New York Exchange. 10:30 AM... - 200,000 12:00 Noon... 800,000 1330 P.M. 21,300,000 2:10 P.AL 1,600,000 Dividend rates as given in the above tab nnual payments based on the latest cuarterly or half. xEx-dividend. sLess than 100 shares. 4% 1o stock. Plus 9% in stock b Payable in stock. e Payable in cash hPlus 2% in stock. 1 Plus 80c 1o Dectal preterred Hork.” o 3% in stock. m Pald this year— 3 eton: DRI ARSI BN Bales— Add 00. Net. % 121 3615 24 6 18 5 1 Ty 2618 174 15% 83 % 17 5 2 . 819348 21y " 183, 10013 ). Y 0% 3 wFaramlanalbansnReen e 17 109 34 6% 1% 26 51 27% 15 8% 5714 205 6% 32 6 60 26% 103 | 105% 112 | 120 + | 4% tonl 12w 198 20 147 ‘ 31% | 150% | 12 2 129508 16 + W % 364 107% 119% 40 26% 4T 10% 9% 8 561 3x, 10% 518 2% 10674 80% 150 76 29 78 % 14 1% 141 ™ 1% 15 35 15% 46 % 4 K —no regular rate. | yesterday to a change, naturall, - rday to g ally, in the future poli ished Cles of the bank, but we propose to respect the law as we have been-doing.” It was learned the stockholders agreed |to seek continuation in the new bank- and directors means, of applying laws to the bank's establ! MADRID, December 28.—The Bank | “we are discussing the spplication of N8 8ct until 1946 of the bank's sole of Spain named a committee of stock- the law slowly and serenely, It means power to issue peper money, ' | Ana. | Washington Gas 4lus | Wash. | Wash. Gas Gs, | Barber & R | Union Trust™ (8s) BONDS ARE LOWER N SMALL MARKET U. S. Issues Drop to New Low Marks on Heavy Offerings. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, December 28.°-Bonds were generally lower today in a small volume of trading. The opening was steady so far as the list as a whole was concerned, but United States Government issues were offered In large blocks and declined sharply to new low prices. Tresaury 3: one of the most recent Treasury emis stons, were quoted at close to a 16 per cent discount, off nearly a point. As most of the activity in Governments was 1n the newer issues, it was appar- | ent that these have not been benefited by very thorough distribution. Other Treasuries and Liberty issues dropped to new lows, although not so actively depressed as the 3s and 3'is. Because of the dullness of trading, it was difficult to judge the undertone of the market. Investors were seeking to appraise the European decision to hold an international conference on war debts. Were it not for the uncertainty surrounding the attitude of the United States Government in this regard the news would certainly be hailed as con- structive. Many in Wall Street take the view that nothing will help the foreign | situati-n short of a substantial reduc- | tion in war debts and reparations, and it has become increasingly apparent that this cannot be effected against the | present opposition in Congres While German government 5'%s and 7s. Prussian 6s, Berlin 6s, German_Cen tral Bank obligations and other Reich issues were higher today. the gains were small. Similarly, British 5!5 and Cana- dian_government and railroad bonds, which might be expected to reflect firmer quotations for sterling and the Canadian dollar, were only slightly bet- ter. South American issues, which would reap the least benefit, as a group, from debt revision measures, were heavy. Japanese bonds eased y Bonds were steady at the opening. Trading was in small volume. German government 51.s and 7s were fraction- ally higher, but British 5!.5 were a| shade lower. French issues were un-, changed | In the domestic list a few rails, such | as Erie 55, Missouri-Pacific 55 and Alle- | ghany Corporation 5s, mirrored opening | gains in railroad stocks. Industrials | also were better, with small increases in | American I G. Chemical 5!2s and | Dodge Bros. 6s. United States Govern- ment bonds were still heavy. Washinéton Stock Exchange SALES. | Washington Gas 5s—$1.000 at 100 Washington Gas 6s “B"-—$100 at 100. Potomac Electric 5':7 pfd.—10 at| 102',, 5 at 102':, 4 at 102!2, 1 at 1021%. UNLISTED DEPT. Army & Navy Club 55—$1,000 at 95 Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid 4125 '39 Amer. Tel. & Tel ctl. tr. 55 Am. Tel & Tel Anacostia & Pot. R R. 55 & Pot. Guar. 55 C. & P. Tel. of Va. 35 Capital Traction R. R. 58 City & Suburban 55 2 Georgetown Ga: 1st 5s : Potomac Elec. Cons. 5°¢ .. i| Potomac Elec. 6s 1953 s | Wash., Alex. & Mt. Vernon cif ol 1001, Washington Gas 58 100% Gas 6s. series A.. ries B Rwy. & Elec. 4s MISCELLANEOUS. Inc. 6'as Chevy Chase Club 3izs Columbia Country Club 525 W. M. Cold Storage 55 STOCKS. PUBLIC UTILITY Amer. Tel. & Tel. (9) ‘113 Cepital Traction Co. (4} Wash. Gas Lt. Co. (18) N. & W. Steamboat (12} Pot. Elec. Power 6 pfd . Pot. Elec Power 5'2¢: pfd Wash. Rwy. & EL com. (T) Wash. Rwy. & El pfd. (3) NATIONAL BANK. Capital (14)... 55 . Columbia (12} i ; ! Commercial (stamped) (10) District (8) Fed.-Amer Nat Bk & Tr.'( Liberty (7). 3 coln (10} Metropolitan (14) Riggs (158) Becond (9e) Washington Wash 9 6 99 100 94 & inois 103 210 140 310 360 195 (125) 220 TRUST COMPANY. Amer. Secur. & Tr. Co. (15) Natl. ‘Sav. & Tr. (12¢) Prince Georges Bk. & Tr & Trust' (%) SAVINGS BANK. da_ (68) 10) a2) 315 | 00 | 40 220 340 @) Wash. Loan ank of Bet om. & Savi East Washing Ppotomac (10) Sec. Sav. & Com Seventh Street (12) United States (30) Wash. Mechanics (20) FIRE INSURANCE. American (12) Coicoran (10) Firemen's (8) 4 National Union (i5) TITLE INSURANCE. Columbia (6h) Real Estate (6h) MISCELLANEOUS. Col. Medical Bldg. Corp. (). Col._Sand & Gravel pfd. (T) D C. Paper Mig pid Dist. Natl. Sec. pfd s Emer. Bromo-Selz, A" (2).. Federal Storage pfd. (8) Fed.-Am. Co. com. (1.20f) Fed-Am. Co. pfd. (6) Lenston Monotype (6) Mer. Tr. & Stge com. (10} Mer. Tr. & Stge. pfd. (1) Mergenthaler - Linotvpe Natl. Mtge. & Inv. pfd Peoples Drug Stores pfd Real Est. M. & G. pfd Security ‘Storage (4e) Ter. Ref. & Wh. Corp. The_Carpel Corp. (2) W. Mech. Mtge. Com Wash Med. Blds. Corp wdwd. & Lothrop com Woodward & Lothrop pfd *Ex-dividend bbooks_closed. n25c extra. 130 extra. 17 extra e1%% extra SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) Bid, “Offer. Allis-Chimers Co. bs 1037... i American Chain Co. 65 1933 ... & American Tel & Tel. 528 1 I Amer. Wat. Wks. & El 5s 1934 Baltimore & Ohio 415 1033 .. Belding Hemingway Co. 65 103 Bethlehem Steel Corp, 55 1036. Canadian Nor, Rwy. 4123 1935, . Chi. Northwestern R. R. 55 1933 Chicago Rock Island 45 1934 GCleve. Lor, & Wheeling 55 1033 Colorado & ‘So. Rwy. 41:8 1033 Commercial Credit Co, 5'3 1833 Delaware & Hudson Co, 55 1935 Denver & Rio Grande 435 1936 Gen. Mot. Accep. Corp. 65 1937 General Petroleum Corp, 55 1940 General Public Service 5'zs 1039 Grand Trunk of Canada 8 Houston E. & W. Texas bs 1933 Humble Oil ‘8128 1932.... 0. Laclede Gas Light Co. 5 1934. Louisyille & Nas:ville 5s 1937. New York Cen!. & H. 45 1934.. Northwestern Telep. 43 193 R. R, Co, 625 1036, ... nd General Elec. 55 1935 Republic Tron & Steel 55 1940, Sinclair Crude Oil Co. $13s 1 Southern ‘Pacific 5s 1934, ... St. L LMBS. Ry. R & G. {s 1933 Union Elec. Lt. & Pow. bs n Bk. (D00 500 | ® 8 (1200 @ 22 3 Sales. Lib 318 32-47. 107 L 1st 4% 32-47 26 L 4th 4%c 33-38153 15 99 60 101 393 ADItib] P&P 58 °53. Ab & St5% "43.... Alleghany Cp 58 '44 Allegheny 5s'49 Allegheny 53 '50 Allis-Chalm 5s '37. Am Beet Sug 6535 Am Chatn 633, Am F P 582030 AmIGCh5% Am Intl 5%s 4 Am Metal 548 °34.. Am N Gas 615 '42, Am S&R Ist hs 47, & Ref 6s'37. Tcv 41539 AmT & T bs 65 Am T&T c tr s Am T&T 5ss 60, Am T&T 5%s 4 Am W Wks 58 '34. . Am Wat Wks 65 '75 Am Wr Pap 6s'47. Arpentine 514 s " Argentine €s A Argentine 6s B '58. Argentine May '61. Argentine 6s Ju'59. Argentine 6s Oc'59. Arm & Co 4%s'39, Arm Del 515 43 Atchison gn 4s hiscv 41 Atch Ariz 4 AUCL At Gul Atl Ref db Australia 414 Australia Australia Austria 7s'43. . Austria 7s ‘57 ctfs. B&O 4343 B&O4%s'33 B&Ocv4%s'60 B &0 53 D 2000, B&Orf55'95. B&063'95....... B&OSwdv6s'50. B & O P&WV 4841 Bk of Chile 645 ‘67 Bk Chile 63 s '61 Ratav Pat 43,542, Belgium 6s ‘55 Beigium 614s 49 Belzium 7s 5 Belgium 7s '58. . Rell Tel Pa 53 B 48 Bell Tell Pa 55 C'60 B Ind Loan C 6; Beth Stl pm bs '36. Polivia T8 '58 Bolivia s 69 Rolivia 8s 4 Bordeaux Rrazil 61s " Rrazil 6%s Brazil 7s Brazil Bremen Pk Ed gn A 58'49.. Bklyn Man 6s '68 Bklyn Un Budapest s ‘62. .. Buenos A 6s'61 Pv. Buft Gen El 4%8'31 B R & Pitt 4%5s 57 Bush Ter con 53 '55 Calif Packing 5s 40 Canada 45 ‘60. .. Canada 43%s '36. Canada 5s '52 Can Nat Ry 4345'56 Can Nat 438 °67. Can Nat 4345 '68 Can Nat 4%s'55. .. Can Nat 5s July'69. Can } Can Can N Can Can Pac 55 '44. Can Pac 58 '54..... Cent 111 G&E 5s'51. Cent Pac 43 '49.... Cent Pac 5s'60. Cert-td db 5148 "¢ Ches Corp 5s°47. C&Ogen4t%s'92, &0 41%4sA'93.. C&O 4%s B 95, Chi & Alt 35 CB&Q4'%s” "B&Q 111 dv 4s 4 “hi & Est [11 555 Chi Grt West 45'59. Chi M & St P 45 '89. 1 Chi M & StP 4 C M StP&P bs CM&St Padi5s *hi & NW gn 4s '87 C&NW 4135 C 2037, Chi & NW cn 4%s. Chi Rwy. 7 Chi RI&P gn 45 '88. Ch1 R1 & P rf 45'34 Chi RT&P 4%s'52 ChiRTcv4ts 60, C TH&SE 1n ChiT H ine Chl Un Sta 5s B '63 Chi Un Sta 61 ' C & W Indcn 4s ,C& W Ind 5%s'62. Chile 63 '60. Chile 6s'61. Chile s '63. | Chile 75 *42 Chile Cop db 58 "47. Christiana 6s '54. .. CCC&St L 4%s Clev Term 58 '73. .. Clev Term 5%s '72. Colomb 6s Jan '61.. Colomb 6861 Oct Colon O11 6s'38. Colo & Sou 43%s'35. Colo & Sou 4%s'80 Col G&E 58 May Col G&E cou 58 '61. Com Inves 5%s°49. CCMd 1strf 5850, Con G NY 4%s°51.. ConG N Y b5%s'46. Con Pwr Jap 6%s.. Con Pow Japan 7s. Consum Pow 5s '62 Cuba RR58'52.... Cuba 5%s'45. Cuba RRrf 7%5'36 Cuba Nor 5% 8 '42.. Czecho 85752 Del & Hud 6%s '37. Denmark 4%s 62 Denmark 6 %8s 66 Denmark 65 '42. D&RG W 68 '65.. DRG&W bs78.. Det £ G&IU4 % u'61. Det Edison rf 68’49 Deutsche Itk 61’3 Dodge Hr ¢l 68°40.. Duquesne 4% s 67, Dutch Kast I Mar Dutch Bast I 6 Dutch £ East C Sug 1% Brie 1st con 4896 Erie con 45 A '63. Erfe gen 48 Brie cv 68 '67. Erte 68°75. Fiat 7s war Finland 6%s '68... Finland 78 ‘6! Fisk Rub 88’4 Fla E Coast b8 Fram 1 D 7%s'42 French 7s'49. 0. of Calif, 5s 1935 Wabash Rwy. Co. 55 1939 FOREIGN EXCHANGE. Fed by W. B. Hibbs & Co.) (Quotations furnigred by W, B 1 value. 34,8665 I 3elne . 13091c 23.82¢ 526 London, pound ... Paris, {ranc. . Brussels, belga. . Berlin, mark Rome, lira . Zurich, franc. Athens, drachma Madrid, peseta Vienna. schilling Budanest. pengo P crown (nom.) zloty . Copenhagen, crown Sefo. crown., . Btockholm, ok French 7% Gelsenk’'hen Gen Baking 5%s’40 Gen Motors 68 ‘37 German 6 %865 German Bk 63 '38. Ger ('en Bk 6s'60 J Ger Cen Bk 6560 0 German 7s rep ‘49. German Bank 78,60 Ger Gen EI 75 '45.. Goodrich cv 63 '45. Good 15t 6%s '47. Goodyr Rub 68'67.. GrandTr sf db 65'36 Grand Trunk 78'40. . GrtNor 4%s'76 D.; 29 98 929 99 94 95 2 99 100 Sales, 13 11 50 12 .34 65 .47 13 1 9 By 14 12 8 <19 4 3 21 o NEaa rnwaRnrwm S RA BB RARNN NNa SR~ 20 oo ceonnwSeaamir e 3 23 14 2 21 6 41 10 3 15 9 4 6 12 B ——— (o mv vore BONDS Received by Private Wire Direct to T UNITED STATES. (Sales are in $1,000.) High. Low. 97 26 99 12 998 8415 £6 30 93 93 20 93 16 95 24 99 18 16 100 14 100 16 High. Low. 2:55 27 7915 30 22% 13% 79 20 8T% 40 31% 66 4815 4 “ 10115 101 96% 99 96% 102 82 73 263 38 45 5 43 443 45 68 561 10174 103 103 84 73 901 451 101% 100 187 19 94 6% 6 9915 670 67% 1404 141 1315 20t 28 10014 2:58. Grt Nor 4%s "7 E.. Grt Nor gn 5%s'53. Grt Nor s'36... Greek 63 . Hoe & Co 6%s "34. . Hud & M adj 58°57. Hud & M rf 68 '57.. Humble O11 5537, Humble O 5% Hungary 7%s ¢4 111 Bell Tell 55°56.. 111 Cent 48 '52 3 111 Cent 4% '66. (11 Cent 6148 '36.... 111 Steel 413840 Inland St 4%s A'T8 Inland St 43%s B'81 Int Rap Tr 58 '66. Int Rap Tr ata Int Rap Tr 6s°32. Int Rap Tr 7 32 Int & Gr Nor 65 '56. Int & Gr Nor 6s°52. Int & G N ad 6s'52. Int Cement 55 '48. . Int Hydro El 6844 Int M Co §s ret’e1.. Int Match 58 '47 Int MM col tr Int Pap 55 A "47 Int Pap 6s "5 IntT&T4%s8°52.. [nt T&T cv 4%8'39. Int T&T 6855 Irish Free St 55'60. 9726, 99 14 998 8415 27 7915 303, 22% 1319 81 20 87% 40 59 69 4815 4 20 101% 101 96% Italy PubS7s Japanese 5% s ‘65 Japanese 6145 '54 Jugosl Bnk 7s 57 Kan G&E 4%s'80.. Kan City Sou 38’50, Kan City Sou 58'50. Kan City Ter 4s'60. Karstadt 6s'43. . Kend 5148 48 ww Kreug & Toll 58'59. Lackaw St 55°50. .. Laclede bl%s C'53 Lautaro Nit 6s '54. Leh Val cv 452003, Leh Valley 5s 2003, Liz & Myers 68 '51. Lig & Myers T5'44.. Loew's 63 ex w 41, Long Islrf 4s°49. Lorillard 58 °'51. Lorillard 51%4s '37 Lorillard 7s "44. La & Ark 53'60. Lou G & E153'52. .. L& N uni 43°40.... Lvons 6s'34... McKes & R 8% 550, Manh Ry 1st 4s'90. Market St 75°40. .. Marseille 63 ‘34 Midvale Stl s ‘36 Milan 6148 °52. .. Mil E Ry & L 55 '61 M StP&SSM cn 4s. MK & T st 4590, MK&T4sB " MK&T43%s78, .. MK & Tadj 5 '67. MK&T prin 5sA'62 Mo Pac gn 4s '75. Mo Pac §s A '65 Mo Pac 53 F 17 Mo Pac 55 G 78 Mo Pac 55 H '80 Mo Pac rf 53 ‘81 Mo Pac 518 A '49.. MontPow 5s43. .. Montevideo 65 59 Montevideo 75 '52.. Nat Dairy 514843, Nat Steel 53 '56. Netherlands 6s '72. N Eng T 1st 58 °52. NOT& M5s B 54, OT&M5%s 54, w S Wales 5s '58. Cgnidles 97.. Cent db 45 '34. Cent 4145 2013 o 45 68 N N N N N N N N Y X Y ¥ Y ¥ Fd 15t 655'41. NY ELH&P 48 '49. NY ELH&P 5 "48. NY NH&H clt 6s "4¢ NY NH&H db 4557 NY NH&H 4143 '67 NYNH&H cd 68'48. |NYRys6sA‘65... NY St Ry 4%s'62.. NY Tel 4%s 39 NY W&B 4348 Nia Sh Md 5%3'50. Nord 6%s'50. . .... Norf South 58 ‘61 Nor & Wn cv 43 '96. No Am Co 55 ‘61 Nor Am Ed 585 Nor Am Ed bs Nor Am E 5338 '63. Nor O T & L 68 '47. Nor Pac 33 2047 Ner Pac 48 '97 + | Nor Pacr16s2047. Nor St Pw 63 A "41. | Nor St Pw 63 B*41. | Norway 5s°63. .. | Norway 534565, Norway 6543 Norway 63 44 Oreg-Wash 43 °61.. Orfent dev 5%s'58. Orient dev 68 '53- Pac G&E bs Pac T&T 1st . Pac T&T rf 55 '52.. Paramount 6s '47. . Paris-Ly M 6s '58 | Paris-Ly M 7858, . {Penn 4% sD'81. Penn gn 4%s '65. Penn 414 . Penn 4% s'63. Penn s 64 Penn gen 63 ‘68, Penn 614s '36. Penn P&L 415 ‘81, Peoples’ Gas 53 "¢T. Peru 6360 Peru 6s'61 Peru 7s '59. Phila Co 5s '67 Phila Elec 4s8°'T1 Phil & Read 63 '49. Philllp Pet 5% s '29. Philippine R 4s'37. Pilisb F M 63°43... Pirelli 7s *52.. . PCC&SLL 4348 17 P C C&StL 53 A'70. PCC&St L 58 B'T5. Poland 6s°40...... Poland 7s 47 Poland 8s'50 . Port Gn E14%5s'60. Porto Alegre 8s'61.. Por RAm T 6s'42. Pos Tel & C 5s'53. . Prussia 6s 52. . Public Serv 45’71, Pub Sv G 4%s'67. Pub Sv G 4%s'70. Pure O11 6%5 37 Queensiand 63 *47. Queenslana Ts"41.. Reaa gn 4%s A "97. Rem Arms 65 A '31. Rem R5%s A '47.. Rhinelbe 78 ‘46 Rnine West 63 Rhine West 65 '63. Rhine West 65 55. . Rhine West 75'50.. Rich Ofl Cal 68 '44. Rio de Jan 6%3 '53. Rio de Jan 8548 R Gr Do Sul 63 39, | R Gr Do Sul 8846 SPlRTAr& Lass 3. | Rome 635 '52. 76 I Roy D 4845 ww. 9% st L&SF 1n 48 A '50 20 |StL&SF4%s'78. 315 | SLL&SF p 153 B 50 11y |StLS W 58’62, 113 | StP&KC SL 4% 1115 | St P Un Dep 55°13.. Sao Pau 78'40 ret.. 32 |Sao Paulo §; 89 | Sao Paulo 88’50, 98% | Saxon 75 '45 3 |SeabALrt & 25 |SeabA Lov 6845, 27 | Sea AliFla 65,A'35. Seine 7s "42. Serbs-Cr-S17s ‘62.. Serbs-Cr-S1 85 '62.. Shell Un Ofl b5 "47. Shell Un Ofl Gs 49. Sinc O 7scv A '37.. Sinc CrO5%s'38.. Sinc PL58'42..... Soissons 63 '3/ Sou Bell T&T 68 '41 81y 301 61y 60 36 29 48 67 53 4815 £0 3515 24 98 10714 64 36 931 991 60 79 94% 80 83% 94 4 601 41 46 63 2% 87 88 Bouhwrnwe 6B CORAISAN~TIINBRN0 6 1 18 7 4 e 1 - - —o N e 19 19 9 10N 00y 1 =1 e e 13 1 1 14 6 10 1 2 13 2 9 1 . 10 44 20 8 16 5 34 21 16 12 5 5 1 2 1 1 10 9 29 13 7 10 3 29 27 9 4 11 6 13 Bales. High. Low. 100 1074 903 101 82 50 69 83% 214 3% 1% 105 33 364 58% 581 1% 90% 100 993 66% SW Bell T 5w A '5és 15 100 LLBERL 2:85, 67 3 90% 35 20 53 8% 9815 991y 37 100 46 3014 52 944 5 3% 391 39% 2714 T4 14 8 12% 53 6814 69 23" 16% 303 21% 46 95 4214 3010 15% 20 2% 114 10474 3214 3619 58 58 72 90Y 901 15% 19% 24 214 134 1047 31 35% 58 58 7 90% 90t 100 100 99% 9914 99% 100 . | o | Sou Ry 6145 '66. o eemve] ANNUAL AUCTIONS OF STOCKS ARE ON Game of Beating Tax Col- lectors Reveals Tragedies of Investors. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, December 28—The year-end game of beating the Federal income tax collectors is again being played to the limit in the auction rooms in metropolitan centers. Here the flot- sam and jetsam of the markets for all kinds of securities go on the block and scores of tragedies to investors are re- vealed in the spreads between the par values of offerings and the prices at which they are knocked down to in- different bidders. A feature at the auction sales of the past two weeks has been an ab- sence in the auctioneers’ listings of stocks of gold mines and oil companies that formerly have held a conspicuous place on the books of agents for dis- tressed holders. This may indicate that the market for these once popu- lar issues has been quite thoroughly combed and that all of the losses that could be taken have already been reg- istered in income tax statments, Real Estate Securities, It has been many a year since the public lost its head over the securities vividly touted gold mining com- panies and . those that promised “gushers” and princely fortunes. There have been other outlets for the coin of the gullible. It is in the types of securities that were issued in largest quantities during the boom period that the auctioneer now deals actively. ‘The backwash of the period of great promotion of real estate securities is probably the most outstanding featurs of the offerings being made to estab- lish income tax losses, These indicate shrinkages that have left many an in- vestor with handsomely printed certi- ficates for which there is little real money value. A lot of $50,000 6'5 per cent mortgage bonds of a New Jersey seaside hotel that went into receivers® hands on Wednesday was sold the same day at auction for $400. Out of the fashionable Park avenue section of New York City appear evidences of former substantial values in apartment houses in such bids as $80 for two lots of certificates approximating $30,000 of a building corporation in that saction. There are not so many echoes of the Florida real estate and banking trou=- bles in the auction lists this year as there were in 1929 and in 1930. Ap- parently they have, like the mining and oil stocks, been written off, or down, to nominal values by those who have held them until the stern real- ities of conditions finally convinced them of their worthlessness. On the other hand there has been an unusual number of electric traction line secur= ities put up for auction, some repre- senting companies that made their final acknowledgment this year of the greater popularity of more modern forms of transportation. Mortgages that covered these once profitable lines have today only & nominal value, a bid of a few dollars carrying off a sheaf of securities whose {income in good times would have sup- ported a family. The abandonment of electric traction lines over the coun- try has wiped out some billions of dollars of cecurity values which a gen- eration ago were held in as high esteem as are those of the electric power and gas companies today. Nondescript List. ‘There is always in these auction sales a nondescript list of stocks and bonds and promissory notes of corporations and individuals representing small manufacturing concerns and patented | articles over which a little enthusiasm | was aroused and for whose production a small amount of capital was raised and which then passed out of the busi- ness picture. These again appear in courrent auctioneers’ lists. There has been an absence of issues developed through that once popular channel for diverting the money of the investor into the bank account of the promoter namely apple orchards in the State of Washington, orange groves in Florida and California, peach farms in Colo- rado and Georgia or 10-acre divisions in Texas for the raising of pecan nuts. Apparently the American public, after one experience in this field of invest- | ment, learned its lesson and has not been tempted into it a second time. (Copyright, 1931.) Retail Inventories. NEW YORK, December 28 (#).—In- ventories of retail stores are believed to be the smallest in several years, a condition which should be strikingly shown in the forthcoming stock taking. Aside from the smallness of stocks, there is in most cases an unusually small proportion of “old” goods. Sales. Hich. Low. 2:53 6 63l 62 62 76 16 61 Sou Pac col 45°49. Sou Pac ref 4s '55. Sou Pac 4%s 68 SouP 4%s 69 ww. Sou Pac 4%8°81... 10 Sou P&Or 4%s'77. 16 Sou Ry &n 45’56 7 Sou Ry 53 '94... Sou Ry 6s 56 StOfl N J 58°46. StOIIN Y 4%s '51. Sweden 5%s '54. Swiss 5%s '46. Tenn E1 P 63 A "47.. Texas Corp 68 '44.. Tex & Pac 58 B'77. Tex&P5sC'79... Tex&P5sD'80... 1 Third Av adj 5s'80. Toho El Pw 6s'32. Toho El Pw 7s '85. Toklo 58 '52 Tokio 5%s 61 Tokio El Lt 6 Un Pac 18t 4547 Un Pac 45 ‘68 . Un Pac rf 45 2003... Un Pac 4%s'67.... Unit Drg cv 55 '53.. Utd King 6%s '37.. 81 U'S Rub 18t 55 °47.. 2 UnSt W 6148 AT, 11 Ud St W 614sA'51.. Ud St W 5%sC'51... Uruguay 6s'60. Uruguay 65 '64. Utah P& L 68 Util Pw 55 '59 ww. . Util Pow 5% 8"47.., Vanadium St 58’41, Vert Sug 18t 78 *42. Vienna 6 52. . Va Ry & Pw b3 '34. Va Ry 1st5s'62... Wabash 41%s°78... Wabash 1st 58 °39.. Wabash 2d 5s'39.. Wabash 6s B'76... 13 Wabash 55 D '80. Wabash 5%s ‘75 aSnate Ge~Bacn- 12 3 1 1 18 Walworth 65 A '45. Warn Br Pic 63'39. Warn Quin 6s'39.. Warner Sug 75 '41.. Warsaw 75 ‘58 .. .. Wst Sh 1st 45 2341, West El db 53 44. West Md 48 '52. West Md 5343 77 West Pac 5s 46 . West Union 58 '51. West Union §s '60. Wes: Un 6138 '36. WEO5%s'3T ww. Wh Sew Mch §s'40 Wilks B & E 1st is. Wick S cv et 78'35. Wil & Co 1st 63 °41. Wis Cent gen s ‘36 Yokohama 63 '61. Ygstn S&T 5s . 11 Ygstn S&T 63 B'T0. 12 28 e 4 onaSSanolSanoaamn ! |