Evening Star Newspaper, December 31, 1931, Page 9

DECIMBER 31, 1931, FINANCIAL. 2y A-—9 FINANCIAL, THE EVENING STAR, WASHINGTON, D. C. THURSDAY, BANK CLEARINGS NEW YORK STOCK EXCHANGE STOCKS GO HIGHER 3BAN‘%%‘_’S_CS%%%IE&YR‘?ESS&NGSSA[}TIVHY IN STEEL DROP DURING YEAR e | I STEADY MARKET .2t Seacommemte Tkl o Revert| PEANIDIRNEGUEAS D]\’ld'r'!d .n;",e Add "Q “i':? Lfl" clm;ll‘ Chee. 69 7% Eltington-Schild pf. 92 \!711 32‘4 32“ + % H R f G B d | 2 Abitibi Pwr & Paper N 24 2% 4+ My Tdm lec Auto Lite (4)... 48 ) e < : | AT AR B i e iy EEReE s : | Highest Ratio of Government Bonds to | ; Total of $1,233,276,777 Is | 3% 22 Mmmioltalior 1 T it des o Elecadusialinsita 1 a° ' a' . |Cash Sales Sprinkle Dealings ¢ {Some Mills Shut Down Dur- 12'» Affiliated Prod 1.60.. 3 3 14l 414 Elec Pwr &Lt (1)... 89 > L i) e > 2 9% 475 Air Reductlon(ri%)x 26 oy~ 5 2 B X 3 43 43 p . 1ab111t1e in H 5 | i i Reported for Last Twelve- A T 1w Ml Oy = on Final Day of D'5P°51t L s 1story ing Holiday Period—Cop- 14 Allegany Corp. 32 ‘2: 3 Elec Storage Bat (4) 26! v Y _— Buying Light 2 eg Cp pf $3 .. b n C 8 ¥ month. f-‘ _’:Hf ‘(“n :.;: n:-, 2 214 5 3 gifin’l‘;{“ )ar::\:(rnll) 3 21 L ear. BY CHARLES F. SPEARE. 313 per cent bonds, that were sold last per Buying Light. 64 Allfed Chamical (8). 4 B8 5 Eng Pub Sve (1.60). el isTAiEN 10 TheRlar Ju{w and went to a substantial pre- | . - 1015 Allis-Chalmers (1). Frie RR x 3 LG L mium but are now at a discount of : w 12 +17 % Er BY GEORGE T. HUGHES. NEW YORK, December 31.—It is the | 2ot 14" er cent from par, the return | BY.the Associated Press v .. STONE. 28 1% Amerada Corp (2).. 5 Evie R R 15t pf. s BY EDWARD C. STONE. e A S 6 8% B e Ut B 1 R S i R Lo The Stas general belicf In finencial circles that | is above 460 per cent. On 'the 3, sold| NEW YORK, Decomber 31Steel Total bank clearings in the District : nk Notepfi(3) 108 381 38% +31x) 25 10 Exchange Ruffet (1). 20s B D e T eeenaber 31— Wall | the banks throughout the country will | in September and today 16 points under | mill schedules developed considerable of Columbia for 1931, became available | ¢ iy ,-4.‘;'(2"7:«‘)‘ 60) ml] : + PY) A Fashion Park As pf. 5u 5 hade a valiant E heir year-end statembnts, t:s ori%in&l price, the return is 4.45 | irregularity last week owing to holiday today when the December clearings PRI S e - per_cent. 8ix Am Can 0 6 0 29% 814 Fairbanks-Morse... 8 4 | off its gloom on this ) y et highest ! shutdowns in some sections, while in 21, 115 Am Can Coof (1)... - i v S 3 h oy oo i be published, the highes The 3 per cent certificates due next were announced by the Washington! 'y 45 Am Car & Foundry. . 3 3 . AR oo Mo oo 2 iRy e s Sioaie aiibee s | Septabet piera corporation yield of | others activity has been sustairied at Clearing House Association 20% Am Car & Fdy pf (1) 308 9 42 S i mmemtAr . D dtw . hfr!::l\;”y\‘ii_ DI.CE Ot Ked SEIOWNY ; 429 per cent and the December 15| recent rates. 5 “ha < g 05 5 5 - 2 A . “ . steadi | posi e 1 e As indicated for several months i o 63 First Natl Strs (2% 7 o tions entered 1 o s that they have been aceumul- xss(\;;mr;!g ?nzg b :{f q4u3a5 ?crmf‘frf;‘t_\ For the industry as a whole, trage isk Rubber'....... 1 lar way today we : ed States Government bonds, | | PP b ns it will be found that | estimates placed ingot production at total clearings for the year are AN CHis) Mlechbl s =1 " " 2 the yield to maturity on 11 of the 14 |about 21 per cent of capacity or less, als “ appointing, although they reveal I | Sy Sl s 2 F 3 15 Fisk Rubber g 9 counts. Stocks bought today will ¢ particularly Treasury certificates ing like the proportionate drop w s s % or Powe : 364 77 Florshelm (A) (1%) “+ 14| gelivered and paid for on Monday and | 2nd motes, in order to strengthen their | will be reported in purely indust ,S v i,:“: ;-i\-:;\rr'( y ‘Y 2 5 G414 & Foster-\Whaeler. .... 6 9 9 *.lihe profit r,r’l‘, SEE int y t| ‘rly exhibits. Yet the market for | outstanding ’gfuu ls approximately 6| though finishing plants continued to olties, which compare in population | 5 20 Am & For Pwr p£(1) 3 82 0 3 8214 15% Fourth Nat Iny (1.10 3 +2 ¥ pir's incom, ement pe was | both classes of securities at present is| De? cent or better while the return of | yone”on orders, While moderate buy< size with Washington | 10 Am R For Pwador, 24 3 38% 215 Fox Film (A). 5 6 2% 2 + Y4 josprin with sales for cash, under heavy pressure, with prices for | these same obligations, if held by a0 5oc enorted, it was chiefly for Jan- Clearings in this city for the full| 1o 4 AnLEAY SPaBIBIIL = 4 F 43% 1314 Fresnort-Tex (3)... 8 17 % + W which cases p s made. today | 211 but two of the eight Treasury issues | COrporation, amounts to from 7 per| ,pygelivery, with the recent disincli- year 1931, as rey his noon, show 1 Am iide & Leather.. 6% 1 Gabniel Co (A) 2 1 — 1| and the in th quoted today at the lowest prices since | cent to about 7)s per cent on fOur| aeionto add to year-end inventories a total of $1,233,276,777.02, in compar 4 AT Amiloma Prod 420, 2 46 454 4Bl + 80" 15 NOaciawel) Co\(3) 16% 167 167 + % |total. Suck ations represent they were issued and the several liberty | issues and from 640 per cent o 6% g4 g factor. If anything, the under- son with $1317,607,504.97, for the 12| gf T4 4H R0 i1 ¢ e ARl O A astore Y % | course, ta »sses for income | bonds at the minimum for this year. |Per cent on the remaining 10 descrip- | {one “was easier, with concessions re- months of 1930, it o e 5 734 28 Gen Am Tank Car(4) e (1| purposes. There is also a substantial discount | tions. ~The Government has recently| noiieq for sheets, and recent reduced The figures kept by the Clearing; A R S 41" “9% Gen Asnhalt (2) 2 1% 12 12 W on the new Treasury certificates and | emphasized its interest in and support | prces continuing in other products, al- E. Bright, show that local clearings in | 208 L& motive pt (1) 2 3 y 3 T g | » interesting 15 in the total amount of $1,300,000,000. at w I 1029 fotalled $1481,300.728.8¢ and in | e L«,;h';‘;,‘d;‘,';;’ 5 1 3?\, Lot L S ‘.,} et e The 3 per cent certificates due Septem- gd\ik$100'000‘000 to the capital of these | jor ’;‘,{:{C‘:‘:‘u“““:g{ :{:E;?:‘md Demand the previous year, 1928, reached the| 1% Am Mach & Metals. . 2514 2% Gen Cable (A) SR 3 | difference 1 \la | ber 15, 1032, and the 3% per cent notes | banks. Recent buying in copper in antlcipa~ sum of $1.435.725,602.08 : al C - , 9 : 1 | a sale for htly Ic maturing December 15 next year are 3 47 Am Metal Co....... 484 25 Gen Cligar (4) 3 294 29 f a sale for cash wa ig Deing offered about 5 of 1 per cent be- Market Readjustment. tion of curtailment agreements by world While December clearings were well | N et e e s i & : - EOLLED A | Naturs pf.. 13 7 gar pt (7). 508 100 for delivery nex but there fered @ ; el ey ThR RS producers was not maintained following ahead of the November figures, e¥| gel jim Am Pwr& Lt (). 3" —2u| ‘5w 227 Gen Flectrio (1.60)..12660s 25% 25 21 were time e Ve, e 'was | low the subscription prices.~ The 2% %4 terest - bearing | %o mal announcement by approxi- were not up to the December Tecord| O 5 2 52 ¥ B e P i ! was | 0 cent certificates falling due next | securities is influenced in price and in 2 - ] learings in the closing | 4415 Am Pwr & Ltof (6). 124 10% Cen Eleospec (80c). 16 111 | ¢ diately preced g T I e U Thatelyi 00| rieck centafll it ind Biey tou of last year, Clearings 1o U6 680.~| 86 35 Am P&Lt pf A st(6), 3 66 284 Gen Food Corp (3).. 32 3 - : r howing that the | JUHS MAY be puxe ata sligl yleld by the action of United States| production at about 261> per cent of mongh ot the, yoar, e T b 5 Am ator (60c).. 35 7 814 1% Gen Gas&Fl A(e30c) 1° i1y E roet count. - Government bonds and Treasury certifi- | capacity effective January 1, 1932. The 30, A & $01.646,846.82 in No- 1% Am Repubiles 2 76% 14% Gen Gas®Ecvnf(f) 1 2 : ea Qite thesbn Present Yields High. cates. Consequently, the market for | earlier demand came chiefly from for- ceniber, 1930, and $915 s E 7% Am Rolline Mills. .. + k| 80 3B Gen Gas & ElecA(T). 20s E % r 3 DU the ource of supply, under which |other tax-exempt securities, such es|eign consumers, but domestic buying vember, 1981 e 108 At B cery RASGETE) 0 204 Gen Afills (1) e : i . around 2 | the I gations in the | State and municipal bonds, has bee: | continued light with pre-holiday in- Ay O i, "Axe oo 9 1% Am : N ] 100% 85 Gen Millapf (6).... 1 3 - ; et erumbling, appears to | §0ing through a readjustment compelled | fluences restricting demand. The price merchants, bank clearings » 2 20 A 1ding (5) 208 22 48 1% Gen Motors (§). 333 % 3 - h . 2 1 3 hat are in trouble or are|by the decline in Governments. High- | held steady at 7 e s barometer : 7' cents for electrolytic sidered one of the be it t‘ de barom | s 175 Am S &Ref (1%) 49 + 108% 79% Gen Motors pf (5)... 1 E tie s . same W omy { 11 the best securities they | erade corporation bonds that are tax- | delivered in the Connecticyt Valley. available. They ”l L :v’p 8 75 Am Sm & Ref pf (7). 2 5y . 10% 8% Gen Outdoor Adv. .. 2 3 | t i of railr rder to obtain cash against | able must in turn accommodate them- No fresh developments were reported DAsIne o Noverbar 5 % Am Solv & Chemical, 7 4 31 10% Gen Printing Ink(2). 108 +1% | fesues s ¢ Union. Pactf 1od withdrawals. Again they are | selves to conditions in the higher | in the tin market. Buyers continued curacy. At Hn‘;’m o ir;x\ st Loty ¥ % Am Solv & Chem pf. 2 & 23 2% Gen Public Service. . 9 ki 3 peake & Ohio. f e account of individuals who have | credit schedules, so declines have been |t withhold purchases and the market ever, tmdr_n"d Ay \"\fl” E 5 Am Steel Foundry... ¥ ¥ 84% 21 Gen Ry Signal (5) 10 23% 22% 23 : | were p th seeming c . orld cataclysm” complex and for | taking place in the best types of rail- | remained stagnant, in sharp contrast Der cent belind e yeAn L o SIS SR EEAT R teel BACyIBETD L0 9% % GenRealty & Utll... 35 Pennsylvania, Southern some 1 of other think they would|Toad and public utility mortgages.|to activity at London. Prices were Loosl Gtea T e b Mionite. withil el s A Stores (12%)... L 15% 1 Gen Theatre Equip.. 2 Y ' | other rails participated more or less be better off with currency in their | Eventually the effect of weakness at|nominally higher in sympathy with the ST DolRphred Shel0 t 1030 80 23% AmSugar Ref (8)... 24 ! M| 38% 9% Glilette Saf Razor. : safe deposit vaults than holding United | the top ~penetrates Into the lower | foreign market. the corresponding months of 10 | 10814 8415 Am Sugar Ref pf (1) I TA 1% Gimbel Bros.. 2% 2 H Opening Prices Higher. Slates Government obligations. It would | stratas of the investment market and | 1930. | fg;:. 1;5;. :;: }:ifcz:l&n‘;lln 1~-" L {;; %gu (Q;;na:»x rgr s s o 29 9 y pening was higher, with most | Surpri: \!‘,Ywic '?fikn?\v how many there Sl‘qsu:“ s’éfl‘i effect on prices for spec- | = =3 = Jan. 3 6014 3 s b 6 31dden Co pr pf (7). + 3 s Scoring gain: ~in this classification. ative stocks. Feb, 96742175 I e . da - 9% 3% Gobel (Adolf)...... i . an_Telephone at 117 Not. since the general public decided | There is the same confidence that | Money to Loan March 112,443,159 S lis 1 ':"' Gl 3 Rl 4214 14% Gold Dust (2% 9 Auburn Auto, in a bl two years after the war ended that it| liquidation in Government securities | Secured by first deed of trust on real sstate. April . 118026,802 | 0B. S0 EATY Iupe Moundac. . : 1 20 8% Goodrich (BF)..... + 00 s opened at 1377 | did not wish to hold liberty bonds be- [ will be reduced, if not entirely checked, | , Prevailing Interest and i May 9 113,0850 il e Syt el A 52% 18% Goodyear T & R (3). - ter advanced furthe United | cause of the low rate of interest on| when the year-end tax selling is cnm-uoseph 1. Weller 420 was June 14.3 115280848 [ 10T K64 A WAt W Jet v 91 35 GoodyearIstpf (7). 2 5 Steel opened, in a block of 1.500 | them and liquidated them at pawn | pleted as had been held by those an- | Blde., 0t July 100,887.167 109,420,638 . 12!“ A"" “,°°‘°" C“’,- S h p s 13% 3% Gotham Silk Hoslery 3 L + shares, at 39%, up 1'i;. Gener brokers' prices, has it been possible to | ticipating better conditions in the cor- August . 89.484.710 9 e m"‘ “_;’"’l :: m‘z‘}; ¥ = 64 1% Gralam-Paige . 13 3 _ | tric at 25'4 and Westinghous purchase_ evidences of credit of the| poration bond market next month. On Sept 93201469 97,868,931 2L Ain Whlt Banae 0. 2 : : ML R } over, vere I T 1 United states Gover meiga :‘heer‘; elotay nand, not & little concern is | t 106,592,111 1 915 h A . z v 7 . 2 » London market opened present yields. s Ve e position of the Govern- | i e 91546846 102,030,387 (3K AnhcoabeCopoe § L 29% 11% Granite City Steei(D) o steady opened qulelly, | Bren Y e in extess of the Tates of | ment with' Tespect. to. its insrescrall Trade Mark Saraction Dec .. 101,680,373 117.573,071 %0 Abnéts 0E DY D) ; E i A3 SR BCARTART VD) (1) o 8 H14 | d here at $3.38 T 1% cents. nterest now being paid on savings | deficit and the possibility that it may | Total ....$1233 % 's Armourof LIl (B)... I8 1% 5% Great Western Sur.. 2 i = mia Bdlson {60 R b normal tax allowaace on e o owne A g At STORAGE The opinion is now being lqgue h-r»1 !1\ ::xr:ml\(jlr(‘o"n“(l.m- . [ + 74 Great Wn Sug of (7) 8 i ol s "‘\g‘z“'_‘t g ‘belng, expatienced: 1n Sbmbf'n‘?y:flé’s“e uently expressed in the local financia % Arnold Cons 2 ) 67" 17 Green Bay && W (5) : and Ller r o Mustrater. A'DAAk pirchastig the CASES QiTiel that bank clearings at the end 4" Artioom Corp.... 108 [ %| 74% 13% Greene Cananea Cop et itadich y5 | Fourth Liberty 414 s ey aéoures ix}:\gxitg‘:" Lo B LA T of the next 12 months will have 3 50 Artloom Corp 1'f<l o 208 € 6% 1 riesby Grunow. . . L Haatiie : Pov % 5 il a return to maturity of 4.96 per cent. i (Coprizht, 1931) } turned upwarg Sl Bis Associated Dry G(2) g 1% Hahn Deri Storea 2 + 14| International Teleplione at On the 414 vield would be ‘ creases than de ;“ ‘ARsoclated O 50 63% 14 Hahn Dpt St pf(63) g 5 " The first sale for ca 480 per cent. On the three issues | —for the same, conveni- comparisons. 791 Atoh To&S p ; 19% 11 MHall (WF) (120)... “ .| the tape was of as & E of 3% per cent bonds it would aver- % - ent transfer of your Of- Would Examine Affiliates. 5 Atch To&S Fupf () x 3 5 + 94 67 Hanmanf (7)....... 6 tric at 28'4. Thereaft n: than 4'; per cent. On the Authorized Service fice Records and Corres- ¢ i 25 Atl Coast Line (4).. 2 2 8 1 Hayes Body Corp. i Y number of cash sale A — Wico-W, pondence. Attractively Oontrolise Fo'e s "“;“‘R"\.ff;k,“'lf Cone| 233 “#a Atlantic Reuning (1) 9% ¢ 9 103% 68 Hershey Choc (6)... ! 9% 80% +1u |selling, appeared. ' R W &cgim ‘b"fi' reasonable in price. gressional s ot Ivas e ol 214 Atlas Stores (1).. 104 701 Hershey Choc of (15 E General Motors eased %, but bk ms Magneto cxamine :m.'“;r O N atwnal basis 51, 8415 Auburn Auto (£4)... 191 37 104 Molland Furnace (1), 3 ; was up % and Electric Auto Lite ga STEEL PRODUCTION Repairs C You Flat Lik: panies affiliated with n 13 Autosales.....eees 1 13214 81 Homestake M (7.80). & g i. National Cash Register, one cf the ome to You Flat Like In his latest report to Congress, he fe- | o 1™\ qales pt. . . 108 ‘ s | 9% 2% Houdaille Hershey.. £ S ) oot e e ened s at 8l SHOWS SLIGHT GAINV MILLER-DUDLEY CO. | This newed the following suggestions, which 1% Aviation Corp (Del). 122 + 63 15% Houston Ofl........ New Jersey, in include more than the examination of | Ut I AvasenBers 5eo. TR Ju| s Housien ob (news 3 1 ) O 4000 sharer, opeued ot 28, up 1716 14th St. NW. North 1583-4 0S¢ jii 8 . . 2 914 owe Soun cee X 3 34 % | New Yorl entral at 29 was up 7 “1. The enactment of legislation | 5 Baldwin Locopf.... 10s 16} 6| 2tz 6% Erudaon & Man (3%6) i DR vesting authority in the comptroller of | 877 Baltimore & Ohio. ... 31 o e + z % 5 i the currency to examine security or in- 5 Balto & Ohio pf (4). 33 3 T aRlie ot “| CHICAGO LIVE STOCK MARKET tonal nlnff,‘;’\‘ff;nm;\zfimfi “‘Lg"xfl‘:c {a:?fiefftrr::.s.f.m4 2 89 9% lllinois Central..... 32 i DCliI{CAGO, De r;\m!)r‘r 31 P) (U. S Per Cent of Capacity for FIRST 5 erally v al-| 2 e p 4% % Indian Motor Cycle. 1, | Department of _Agric ). —Hogs— companies are generally so closely al: § Barnet Leather..... % g: v R 1 : onh e s Pregsut Week. MORTGAGE ]1;'9(;‘( \x;(‘y‘t (;;“ 1‘;.‘;‘(’1‘”;«150‘(1‘1 ;’:‘r(“:?, . ne DR ().« 1 86 21 [ndust Ravon (4)... 3 35 23% [ ‘d‘.’v\m 10a15 hi on weights below the true condition of the national asso- Bendix Aviation (1). 13 p 182 25% Ingersoll Rand (4).. 3 3 2 ¢ pounds; others steady to 10 higher : nowing the exact con- 9% Best&Co (2)....... 1 + 71 19% Inland Steel (2)..... : 23 4 10 pounds, 4.50a4.60; top, 4.65; | BYthe Associated Press ST 1 124 4% Insur Sh(DeDt62%ex % < pounds, 4.15a450; 140-160| NEW YORK, December 31—Steel | Gorynod on 7 p Bethlehsm Stesl (3). i i To give the comptroller supervi- ' Bethlehem StIpf (1) 5 9% 234 Insur Sh(Md) (28¢) 3 4.4024.60; p 35; pack- | plant operations are at an average of residential _ To give the ccmptroller supervl. ¥ sty 150 : 34 4% Interboro Rap Tra g 50Ws, 4.65; light light, per cent, compared with 21 per cent | ; ) ovar mational bankir ociation Miooth Fish 18t pf... 508 2 41" 537 Btereont mubbasi, 1 ight- | Ia Tron Age reported. A partial || Property im District of gdirg into volu liquidation ° - 4 g 5 \ E oo O 5 e + Borden Co (3). A 11 15~ 2% Interlake fron S 3 ght, \ption of operations has occurred e “r‘r‘\:‘k‘;“’p’\“jgl'{:;}f‘(); e et (18 e 5% In. Agricuiture ; 00-250 pour ! ¢ i stown and wheel. || Columbia and ncarby shocats Bri Mfg (1). : 179% 92 Int Bus Machine(n§) , 250-350 pound: 2427 u hicago district, which had | 3 décei ;EB,,T?L“,lf'f-:l‘;,},;“C’é,l:wf;f,;[:B,g? ) s, Brockway Mot Trk. . f 12% Int CarriersLtd §0c. 7 & 5 5 ium and g | no sharp curtailment, is down to 15 per Montgomery Co., Md. natio k or any other member 3114 Eklyn-Man Tran (4) x 15 3 38 6214 Int Cement (3) pigs, good and choice, | cent. A gain in general operations to IRHODAL Bk r g o et 63 " Eklya.ManTrpf (9)x 2 n Int Conbustion. ... % % % + 1a|100-130 pounds, 4.00ad.> | ap, the rate in effect before | - - ¢ Putes insolvency or unsound financial; ¢ 1% Bruns Term & Rwys 60% Int Harvester (2%). 9 2 , Cattle—Receip 00 head; calves,| the December decline Is indicated for | 3 D O Aich may tend to cause| 20% 84 Bueyrus-Eris. 5 31 94 Int Hyaro E1A (e1). W10 + %|1,500; general tr 10 tnevenly | the first week in January. | IN DENOMINATIONS OF A Size for Every Need o general withdrawal of deposits from % 4% Bucyrus-riscv pf.. 731 Int Match pf (4).... 1 + 1 | higher; mostly 25 active i 31 °cl companies are making an ef- | such bank or may otherwise injure the 2% Budd Wheel. 16 nt Merchant Marine E W [ top, yeatling steers, 11.50 1 a | fort to check the decline in prices,” | business or good will of such bank. A| 23 8% BullardCo....... 200 Int Nickel of Can 20¢ 7 14| 9.0, "all interests buying; clearance | says the Review. Chicago mills have an bill, satisfactory to the Treasury De- b 31 Bulova Watch. 123 Int Nick Can pf (7). x SR + good. Slaughter catile and vea - | nounced an advance of $2 a ton on bars, | Dartment, was zeported by the Banking| 3 10 * Burrough A M(t1%) 2 A ltavanne ol E 8 | Steers, good and choice, 600-900 pounds, | d shapes, to 1.70 cents a pound, | and Currency Committee of the House| 104 49 Bush Term deb (7).. lfl' ‘ ,'::Pfll:::g]):: :B) 2 { l‘”All 25; 900-1,100 pounds al1.50! | but meanwhile Pittsburgh and Youngs- | and upwards Let Us Quote You Prices of Representatives at the last session of | 20% 3 Butterick Co, . int Pap : 00-1,300 pounds, 7.5t : 1,300- | town bar makers have taken business . 4 Co % Int Paper & Pwr C.. : 1,500 pounds, 7.50a11.50; common and |at 1.50 cents. | Congress, but failed of passage €9% 10% Byeralh M) & L 3 . nds, 7.5 i co 1 "and | at L5 ts. ) | 3 t Paper & Pwr pf.. + medium, 600-1,300 pounds, 4.00a “There is ed k; | “ aan Zine & Ld. ‘ , pounds here is .continued weakness in 'l" % In and Out of the Local Banks. e i 691 25 Int Printg Ink pf (6) 40 30 30 +4w| Helfers, good and choice, 530-850 |sheets, particularly automobile body ‘ STOCKETY oAt e - R S O S 42 18 (ntSalt @3) s pounds, 5.75a7.75; common and m stock and in cold rolled fender stock, tin Realtors = O and director of the Washington Loan & | 45 10% Canada Dry (1.20).. x 54 37 IntShoe (3) 5 4 + ™ /um 3.00a5.75; cows, good and choice, | mill black plate and long ternes. | STATIONERS Trust Co., has just been elected vice [ 45w 10 adlan Pacific 1% 88% 74 IntTel & Tel 8 3 5.00; common and medium, “Some tonnage on steel companies | 147 K 8, NAtional 9300 . vl Drecident of the Y. M. C. A. for 1932.| 25 16% Cannon Mills (1.60). 214 8 SauDitatoleel (4 ] b 3| 378; low cutter and cugte 0: | books will automatically be realesed by | STON'DC s r e boe « 9% 1% ors Bquity 2 4 ulls (yearlings excluded) 0 the gc in the calendar, as | ;{‘;n’fi"‘:“;?‘d“c’l"‘mbfln"é,‘:}“ odind O A '?;’(’To"_’“.”" 31 14% Island Cr'k Coal (3) 5 pounds, 7.50a1150; common o A d;m-xabl\eug-:r v our i Committee He has also been notified | 62's 10' Caterpillar Trac (2) ‘23", 24 .lz\\e];'il 'Ti’%)‘.:’.’x 9 314% + “Rr‘hln) -1,300 pounds, ;'[;y”. : 8, ”'"’l'ld.‘"” shipments until after Jan- | of his election as vice president of the | 4 '3 Cavanaugh-Dobbs 31 68 Jones & Laugh pf(71) 2 £00¢ 55-850 D 750 | u Tremont Water & Gas Co. of Tremont,| 14% 2a Celotex Co...... 80% 15% Johns-Manville (1).. . 17 o; common and medium | Dow. Jones & Co. estimates that the | PROPERTY MANAGEMENT Pa 11 Cent Aguirre (1%4) .. 5 T TS cows, good and chot 5.00; com- | United States Steel Corporation oper- £ -~ £ o TH 3 on a edi 3.00a3.75; low cutte G Bles bttt . | Edward J. Stellwagen, president of 50 «( e knzy {z‘m M p:h) 314 % Kelly-Spring Tire. .. e :Al:“;\ ‘_x‘r:lr}‘m lm - \"y »rc ¢ o% ‘(‘ !u : ated 1:'.;‘)3;1‘_\(\,”1.:‘ m‘e ;?c week ;:c 22.pe{ | o vl s e o e 208 b Kally ShoDR® po.. (e excluded), good and ch.ice ), ¢ ago and 26 per cent two weeks ago, | A fined to his home with illness for sev- 2 Certain-toed Pro 29% 3 Kelsey-Hayes Wheel E 2 g Ed and a0blas0 e ‘“d\ nd “: weeks ago. partment HOMSE eral months, is showing constant im- 11 Certain-Teed pf. e Ay . 3 | 84.50; cutter o mediun al-| Leading independents are said to be | rovement and 1 sbie to et outdoors % Checker Cab ety 31 9% Kennecott Copper oc 18 W 800 medium, '5.00a6.00; ¢ it e o e MANA and take motor rides 3% Ches 2%4). A1 13 Kibeay Glask % 0; mediu 26.00; 0 are 23 pe William D Hoover, president of the 29% 15 Kresge (S 8) (1.60). 5 wfn- 3.00a5.00 C and week and 24 per cent two weeks ago. GEMENT B5 261 Kress (SH) Co (31). 331 37 46 ; mmon 8 - 27% 44 Kreuger & Toll 1.61). common and m National Savings & Trust Co, has re- 213 Chi Great Western. . 35% 1215 Kroger Grocery (1). : | £ & . | . L Receipts, 17,000 head: few | |/ ! ot aly higher; b aSh!ngton PrOduce ' e | ONSULT us as to the ad- turned from a Christmas trip to West T} ChlGreat Westn pf. 40'% Lambert Co (8)..... 9 S8 steady to Plant Operations Estimated at 22 || Set Up in Half a Minute Investment | Ready for Use Like This No Strings, No Clamps, No Bands, 250 No Fuss—Just Fill 'Em, Put the Covers on and File 'Em. o ca e e i O 1 S0 ® 1o ® el o Virginia, where he passed the holidays 113 Chi Mil StP & Pac. .. with his daughter and grandchildren 2% Chi Ml StP & Pac pf. Fenner, Beane & Ungerleider an- 5 Chic & Northwstn riounce that resort offices will be main- 344 Ehi Pneu Tool . tained this Winter in Asheville, N. C % Chi Pneu Tool Df. ... Atlantic City, N Augusta, Ga. Y Chicago R 1&Pacific. v - ¢ Sprin, 12 ChiR1&Pac7% pf. e e s A 514 Childs Company.... 11% Chrysler Corp (1)... Today's Trading on Exchange. 2615 City Ice&Fuel (2.60) Trading on the Washington Stock % City Stores......... Exchange today opened with 20 shares gue im0 @). of Capital Traction selling at 18, ola l]!’ (;W Twenty more sold on the next trans- e ‘J‘s). action at the same price, both sales Col -Il;n&lrn 6).. being ex-dividend. Aps DeloFuel Eilin Two 50-share transactions were re- W Golamb aabhin): corded today in Mergenthaler Linotype | 128% 32 Co/umis Forioh (o« 1% Leo Rubber & Tire.. ! 24 g lambs, 5.506.00; closely 7 1% Lehigh Valley Coa 2 2 2 > 6.25; fat ewes M y i j 8" Lehigh Valley RR.. ; ) On g o L und priots, 36: tub, 35. i vantages you will enjoy by 35 Lehman Corp (2.40). 3 374 o+ 4 28a30; current re- 184 1 & Fink (3) 16.35; medium a % 5is Libbey Owens Glass. 6 | common, 3.5004.50 Poultry, alive—Turkeys, old_toms, 20 40 Ligg & MyersB (16) 3 il b b 5 a22; young toms and hens, 25a28; chick- Py your apartment house proper- 16 Lily Tulip Cup(1%)+ I A tosnmint k125 ens’ 3 pounds and over, 18a21; 3 to 215 Eo L 12% Lima Locomot (m2). | lambs. 5 " | pounds, 21a22; broilers, 112 to 2 pounds, | ; 1 j ties in our charge. ; 21a22; hens, large, 14a16; small, 12al 14 Link Belt (1.20)..... 85.00. 13% Liquid Carbonte (2)+ Gl 13al4; roosters, 10; keats, 23% Loew's, Inc (14). 2% Loft Inc...... 2974 Loose-Wiles (13). 10 Lorillard () (1.20). 2% 12 I et 264.474.7 17% Lou Gas&El A (1%) | foratodRy. i 20 1STA T to 21 pounds, 22a25: broilers, 1% to 2 at 55. Potomac Electric Power 5'. per 52 Comecl Cred 15t(6%) 714 X BT 20% Louls & Nash(4) 2 = pounds, 23a25; hens, large, 17a19; small, cent prr‘fcrfl‘d xc;-‘nnli"d _a&nnlf‘ B‘ Iv”x% ‘yf 5% 16 Comel Cred pf (1%). 4 Ludlum SILVER QUOTATIONS. 5al7; Leghorn hens, 14al5; roosters, and Washington Railway lectric fig i e — 2 5 cember 31 (1) Bar | 13; keats. young, 60a70; old, 50. ured in a sale of a single share at & ok Gorcl BoIvARES|(1)% : X cCall Corp (%) - 8 NEW YORK, December 31 Lo | its—Beef, prime, 16; choice, 15; ' The exchange will be closed tomor- F 3 Comwith & Sou(300) E 3 P rory Strs A (Z‘J,u 5 5 silver steady and ls cent higher atbjo.;q "121.a13; cow, 915a10; lamb, top, | “ -~ . cKeesport T P (4). s ; 3014 cents 14; fair to good, 13a14; common, 10all; row, New Year day, but will be open A6 CoavithaSeumLi(e) day, as usual, as the New York i esson & Robbins veal, top, 14; medium, 12},a13; pork 925 15th St. N.W. Nat'l 2100 Im-Nairn (1) . & e Y Stock Exchange is to remain open ,.{‘;:‘;;‘e"u“,m‘ f:‘];ifflm-»flox'es“-é» ¢ : NEW YORK BANK STOCKS loiné, 8 to 10 pounds, 12a1215; 10 to Washington banks will also be open as| g 20 © Consol Cigars (5)... SoncLSERIA () 2 12 pounds, 11: fresh hams, 8 to 10 2 cks (1).... —_— e pounds, 13; 18 to 22 pounds, 19; smoked | usual on Saturday. Consol Cigars pf (T) ki 55 oy ~ Macy (KH)& Co(n3). NEW YORK, Decem & r-| hams, 16al7; strip bacon, 16al7; lard, | Washington investors will receive | 7g b GonsolOerut rsths : 9 1 VAR b ’ amounts in local dividends and | g TR R eAbrn oo the-counter market: 80-polnd s, Bia; i package, £ 8, com; MORTGAGE LOANS “Hogs, heavy, 4.50a4.75; interest this week end. On the Stock | ; Consol Film pf (2).. v 9 ange alone 41 issues are listed 0| 1oy Coneol Gas N X (&), 3 : O ane Cionere s dends in the new few days. n s NY pf(5) : MAie M R0 4.75a5.00; light, 4.7585.00; pigs, . % B nndries(1) X MAEnoi o Carte ; calves, 3.50a7.50; lambs, 3.00 9% ConsolRwvs pf (8). 2 E 3 y shull Fiald (3% Bank of England Statement. I % Consol Textile ki bt 2 :::;hi:s%y: L\'x]kjutlzz/;: LONDON, December 31 (#).—The| & % Container Corp (A). + May Dept Strs (2% ) weekly statement of the Bank of Eng- % 5 Y Maytag Co land shows the following changes in 4'5 Contl Baking (A) Maytag Co pf (3). pou reserve increased 6, s Contl Baking (B) + Mengel Co. ... tion decreased 5,881,000, 30% Contl Can (23%) 8 8 2 Mesta Machine (2). decreased 5000, other securities 183 Con' Inwur (2.40)... + Mid Continent Petm. 291,000, public deposits de- 1 Contl Motors. .. 9 1 Midland Steel (3)... Ghixtaaty E i ! G sd.a0ad 0, (tangerinen; ildi ooy , teel (3) Gty L e | 150155 Kumatiats, quart, 10a15; per: e ward Office Building 9,000, ot & 2 4% Contl Oil (Del). % B0 e 1 Contl Shares. . %+ e ey R Nanaciarers .. simmons, 1.0083.00, 5,000 | 274 Coty Inc. .. b A : Mo Kans & Texas p! 2 1 : = pound sacks, 1.25; New York, 150-pound an reecs IN.VY. of the bank's reserve e S K | 42% 6w Missouri vacific.... 8 «| SHORT-TERM SECURITIES. i Idaho bakers,” 100-pound s 5 per cent, compared| 6% 1% Crown Zellerback... 2" Missouri Pacinope,. 1 5 v v B e S N s Dot 10 ast week 6% G s 0, Monsanto Chem (1% ) 2 Bid O 75890; lettuce, ) 54 3674 Crucible Steesl pf (7) 208 Montgomery Ward ; placing the management of wBcanaaBeannSHe - oS PRS- JRIPN i young, 40a45; old, 25a35. A CLEARING HOUSE FIGURES. | Pouitry, dressed—Turkeys, old toms, 3 You'll find the benefits e e . figures | 24826; young toms and hens, 27a30; \ KA & Washington Clearing House AUICS | (1ickeng 3 pounds and over, 20a22; 2 many, and the fee very nominal. EEN 5 8965 ca O 1= 1 1063 00 i S 63 0 i 5 10 I o Strawberries, pint, 15a18; ap- bushel baskets, 40a75; fancy box tock, 2.50: pineapples, 3.50; grapes, Al- & i 6: 2 i meir 2.00a2.50; Emperors, 2.00a3.60; Chem Bk & T e shniatt a3.75; Florida, 2.60a3.50; pears, 2.75 Sont B dulianse iy : ; bananas, lemons, 3.508 Ailis-Chalmers Co. §s 1037 ) 5 orida, 2.00: broccoli, 3.50; | —just three blocks north of the new Patent " Rate of discount, 6 per cent 4 2 + o4 25 Cudany Packing (). i 0 Morris & Kasex(3%) 108 54 : B ] s ol otigee Ji"(?dh‘;?mfh"v""bkz»sh‘i?“‘g;; Office, offers many desirable advantages to its % s orrell (J) & Co (3 2 t Amer Wik 1934 s | nia, crates, . nearby E 2 A ; aE T FOREIGN EXCHANGE. LESCariag s g TEhE ped % ¥ ¥ 1.00; string beans, 2.00a2.50; limas, 4.00 tenants in the heart of the financial district; (Quotations furnishe B 1% Curtis Wright (A % 3 Motor Wheel ( 3 g 5% + W s i 88 |a350: peas,8.00a9.00; beets, 100 bunches, - ol aniee &.0%) 68 Cushmansuf (8). 3 Mu 6 5 5 ! 300a4.00; salsify, per dozen bunches, close to banks, real estate, insurance and brok- Mullins Mfg » Can ) b g ninl gold Se E ’ ; ? : e 7 Cutler Hammer. .. b 2y O Y Chi. 3 al.20; peppers 50; i 5 £ Murray Corp ARSI R L T B e ROUs3DL; EEAINE 0K erage offices; offers an outside office at $25.00 ’ 47 Cutler Bammsr .o Joafon, Dhand.:..... SN § &% Davison Chemical T T DICANGIRCE . . 60; spinach, 1.00; mushrooms, 80a1.00; i aRE e i . ) Nat Acme Co 5 Golorado & Bo. Rwy. 3 P 8 A e per month, or a suite can be arranged to meet 195 1104 Detroit Edison ms; : " R Pelawars & Hudson Co, bs 1835 82 per bushel, 3.2543.50; cabbage, new, 40 your requirements. 19% 8% Devoe & Ray A(€0¢). TRt B s A L Mot. Accep. Corp. 6s 1937 pound et, 1.50a2.50; old, 100-pound g I 28 10% Diamond Mateh . Naths o e : - : sack, 125; célery, 350; vellow squash. Budnpest ‘e 383 19% Diamond Mteh pf 1 2 s o i g % 1 ; bushel beskets, 3.50; eggplant, crates, Prague. crown (nom.j 2.96 29615 6% Dome Mines (1).... x N fhatrndat i ‘ H e v : 3.50; cucumbers, pans of 12, 1.00; car- A o 8 Dowe ivabl I ; NatDisc beod (8 o AT Sl en pana oELLELOl ot Rental Office, 510 Woodward Bldg. oo crown 7% Doug Atrcraft(f1%) NAtEadd (1530} 3 ; Tatade Sins L matoes, 6-pan crates, 3.0026.00. Stockholm, crown h | 57 20w Dresser M{g A (3%) v Nat Lead pf A (1)+ NV Vork Gent & 1. 4x 1034, 8308 o National 5516 Northwestern Telep. 4'ss 1934 b 10% Dresser Mfg B (2). + Nat Pwr& Lt (1)... 2 3 Penna. R, R. Co. ' - U. S TR’EASUR* BA;ANCE 7 2% Drug Corp (4). . b + E 2 22 p General Elec 3 93 A 70 9 TREASURY CERTIFICATES. &% g § Qe 10, 2 o4 O el 52 1040.. 83 The United States Treasury balance | (Reported by J & W. Seliamen & C. 07 S0l Dagpnlde tiomis) i Nat Surety (2). * Ctide Ol Co. 3145 1038 o 1248 94 Du Pontde N pf(6). Y Nat Tea (1)., e oY o announced today as of close of business Reato— Matyrity on. e it th 3 g 96 e June 16 2 83t 10 | T8, 21; Lastern Roll Mill 3 182% N Y Central. . L St. L LMS Ry. R & G. 451933 5 | December 29, was §479,670,645.98. Cus- B B A8 W a0 kb 77 Eastman Kodak (18) 88 2% NY Chicago & 8t L Do BN Cor of Calll: 58 1935 1 toms receipts for ‘the month to_date 5: t. 15, i “'fi. 99 18-33 31% 6w Eaton Axle& Spr60c. ¥ e ————— rginia Rwy, & Power 85 1034 X Were $23, 40.82. Total ordinary ex- f R AR 3 % 1{;; s . » mm.wn-ie*.. i + e e~ 4ContD UL, ON. PAMEIL). - oo Wabash Rwy, Cov-86-108Bvsusas # penditur $5,306,008.28, . ~ Randall H. Hagner Management