Evening Star Newspaper, January 5, 1932, Page 14

FINANCIAL. A—14 w22 FINANCIAL, INOUSTRAL TRADE [T NEW YORK STOCK EXCHANGE | BONDS FLUGTUATE | Cox o BONDS s v J INSOUND BUSINESS Hish Lo Diviaend Rat i . 1931 Stock and Sales— Met. [ 62 11‘\'., Twin :‘1“[;“[1 T::(fl) 108 i 17;\“‘4, 32-47 9912 9 998 | “"F;,T c.; %5739 ; 4 448, High. - Low Dividend Rate. ~Add 00. High, Lox, Close Che “13% Underwood-ElI-F (3) 5 5 e L SpRY L Da s we Bh C g 27% 5'a Radio Corp 5 5% 6% — 2 274 Union Carb & (2.60) . 12 2 28 : i 7S 31 : +4 5 3 3 3 f j Current Indications in Va-| &% 20 RadioCoroy 24 24 2 Union Ofl of Cal (2). Z|Uncertain Trend Continues, K610 a1 51 | taly PubSa sl | Depression Has Resulted in 60 915 Radio Corppf (B). .. 0% 9 I f Hiifon Paatio (100~ : y | B IE ol 6 9020 apancse s34 65, o : ; 3 5 h § 21, Radio-Keith-O(new) st o On Tank Car (1.60) ., With Many Losses in JA0taul0 i ee RaL s Japanese 614s'54.. % 8 a T Weeding Out Sharp Prac- rious Lihes Given by o B St % 30% 3 i ety el D69 9428 9 Kan C FtS&M 4526 56% 56N | Trad b o8 £2). o & i S4s )7 6 97 22| Kan City Ter 4s'60. 3 4 ; ti i e g Better Crade List. . 421 9816 i g ices in Trade. sofi 28 R Pt (2) . . 22 Unit Biscuit pf (7) 3 4 1! S I aretadtsas Statistics Company. 3 14 Dait Carbon. . 9 9% 9% E . 412 1012 10022 KCaratadt 6aad.... e Tt 4 : 72 % 1% Dolt Cless Ston : i Sales, High Low. 255 | Kresge Found 65'36 2 : oo Mpron ey s . Pl A S BY F. H. RICHARDSON. ALUES FEEaE 29 281 28%| Rreug & Toll 55'59. 5 BY WILLIAM LEE. '";E‘:wn\ Z,;; : Republic Steel pf. 2 i 4 3314 Unit Dyewood pf (1) 3 Special Dispatch to The Star. Adams Exp 43 48 5 5 |LacGStLss'34.. a7 3 The low level of business activity that K, ! BesataConbat (A0 5 5 5 Ol e 3 anuary 5—Bond!| Allis Chalm 6837, Laclede 5145 C'53.., 3 has tested the resources of all business ations of the . NEW YORK, J 3 e dications of the tren: i 7 eynolds Tob A (3). Unit Fruit (3). i prices fluctuated in an irregular man- | Alleghany Cp ss'44 2 2 Lautaro Nit 63 °64. 23 has accomplished a purpose which trade of industry an ie are su 541 eynolds Tob B (3).. 33 3 s *y Cnit Gas&Im (1.20).. Allegheny 55 " ) o i | " Richfleld O ..cuvee 3 3 Unit Gas&Im pf(5).. 881 ‘ ner today in moderately active trading. | ayjecheny s 50 g i Loew's 65 ex w 41, organizations and even law-enforcement 1o Grande Ofl : : s 1% US & Forn Secur. ... 2 2 The market opened With a nervous | Am Chain 6s'33. Lociiniahen B S e e ¢ 2 S RossinlosoAner 1 : ¥ U S Gypsum (1.60) : tone, caused by the announcement of |Am F P 552030 ] > 38 e e o) unethical firms and individuals. accord- resume of the ou r x L 20% U S Indus Alcohol. : o siapencion of @ stock exchange |AmIG Ch5ys"43) 14 58 DR& Ak fs el - t0i; | ing to information obtained from the lines a \ ; ; 3a ! US Leather.. house. “The figm suspended, Gurnett |Am Intl53s"49..0 15 69 63 69 |L&Nuni 80, Department of Commerce r for the ir 9 2 5 % US Leather (A)....: & Co., had most of its connections in [Am Metal 5155734, 3 el | The depression, therefore, has acted ~will be smaller | 10 3 e - - % | 86'2 57% USLeathorpf (7).. New England. Am S&R 18t 5547, 90 0% | McKes & R 5% 50, as something of a purge for business, orded for the first six s e 5 E 3 U S Pipe & Fdry (2). Bonds were still affected by forced | Am Sug Ref 6s'37. 3 3% | Manh Ry 1st 48'90. 41 and while it may not be said that ali trade revival s e p 5'3 US Realty & Imp.... | selling and there were sharp losses in | AMT&T cv4}%s'39 11 101% 100 Market St 7s'40... 8414 | business is “pure.” it is the firm convic- | be rapidly re l e e gf}:afg:-mprm o many high-grade issues ]\-numlkl.vt tg;o [ = ff:T"ri!r 565 i “5)"4 Graaan “H;S;{ll;fir;"i‘ . 9 9% | tion of the department that there has N 1 il R St 3 3 | s b 5 E ; & ity readily marketable c tr 63 '46. Y 9 Midvale Stl 53 '36.. g 2 cf i board Alr Line SEETTT s e United States Government issues de- | A T&T 633 43... 31 103 MILE Ry & L 361 practice dealers and cleansed the for- Steel Corpm (4).. . clined 14 to over a point, with the widest | 868 °34.. ¢ il Bl By vaayL S ol : eign field as well as the limited number Seaboard Ofl. .. . 4 - 2 ;. . E 9 S g 102% B 2ok Am Wat Wk. a) 45 '49 Sears Roebuck (2%). : U'S Steel pf (7) losses in Treasury 3s, 3u. 3%, 3%s, 4s | (100 (AL WKS6ST6 1 70 7 i > 5] of hangers-on who had been able to . 4 ok stand out against the keen competition U S Tobacco (4.40) ; 59+ R it < Servel Inc. . ; ; and 4!4s. Liberty Loans were lower, but | ;' 4 t 7 1 4 Datls Argenti E 3 4 N 58 " United Stores (A). 5 not importantly so. With Governments, | ATgentine May '61. 7 MUEE Lndrbe 67 |put up by Americans engaged in the export_trade: Shattuck (F G) (1) 9 4 9 | o v ol s P 9 3 + 52 21 United Stores pf (4) B 0 1 | Arrentine 5%4s'62. 3 4 MEK&T prin 5sA’63 2 Shell Union Ofl... b s 5 7 _31; | municipals, rail equipments and senior 6 : \ubert Theaters. YT Ut Pwr B Lt A (). 15 #% down. In the corporation list there were | JTESTHIne 83 & 7. : . HEp department in’ a statement, “that the Simms Petroleum. = fractional losses in such issues as Amer- | o p o0 oo Qc,“< e o Mo Pac b3 G ‘78 number of cases of unethical business Simmons Co....... 2 % Vadasco Sales Corp.. ican Telephone 5s, Atchison General 4s, O Mopaciagiin practices reported to this office during nclair Consol O1l. 76% 11 Vanadium Corp g + % | Detroit Edison 4'zs. Utah Power &|Arm & Co43%s'39 L e e a1 1931 has not increased. This indicates Skelly Of TR eV CarolGhem 3 1| Light 5s and Union Pacific first 4s. | Arm Del 5343, R s | that one result of the general depres- Skelly Ofl of ww | _71% 204 Vulcan Detin (4).... 40s 2 The general railroad list moved un-| Assoc Ofl 65°35. . 8 Sl B sion has been an elimination of un . Snider Packing. . Wabash R R v certainly. While bonds like Boston & Atchison gn 4s'95 5 3 o sound firms and individuals in the mer- Automobi sales o cony-Vacuum (1). R RE Mains 55, Chesapeake & Ohio 4125, Chi- | Atchis cv 4148 *48. : 2 2 | Nat Datry 5% s 43, cantile field.” f nufactur ¥ . - . South Port Rico Sug : | Waldorf Sys (1%). 3 37 cago Great Western 4s, Rock Island Re- | At1C L 1st 4s°62... 15 A at Steel 5 i i 4 Sou P Rico Sug pf(8) 3 % Waigreen pt (614) .- funding 4s, New York Central 5s, Nickel [ At Gulf 5550 3 4 etherlands 6s'72. 2% 1 Problems of Exporters. mEEL L & Southn Cal 4 (2)... 9 3 Ward Baking (5 Plate 4,5 and Northern Pacific 65 had | At Ref db 5337 ; 9 | N Eng T Ist 5852, Exporters have been forced to ¢ iR Southern Pacific (4) Ward Baking pf (7). 3 |small losses, there were fairly good ad- v 431 OT&M5%s 54, 3213 | with some of the worst problems of DAES Juthern Railway... i d - 4 Warn Bros Pictures. vances in other issues of similar grade. 97 i w S Wales 53 2 modern times during the last year, but Ap Southern Railway pt + Warner Quinlan. .. .. These included New York Central re- | Australia 5s'57., y 9 4 NYCgn3%s'97.. § it is the belief of the department that omobile Pa A 1 f the more 5 Spald (AG)1st pf(7). S s 3% Warren Bros. ... 3 funding 4'.s, Missouri-Pacific general | Austria 7s°43..... E Y Cent 4s - B 2'2 | they have learned lessons which they situat S i bel *o 2 Sparks-Withington. . Wesson Oil&Sno(2). 7 4s, Southern Pacific 41.s, Alleghany |Austria 7s 7 ctfs. E Y C 3. 3¢ may capitalize as the foreign demand 4 Spiezel Stern. . 2 % Wesson O&Sno pf (4) 5 Y 1y -+ Corporation 5s and Baltimore & Ohio|B &0 413533, . 5 B > 2 3. 4 6 5 | picks up. They have had to meet mora- 7 Breaas 2n pected tc 000 5 St g wSoANR come in this field obably b bly the like interval of 1931. The industry is expected, ho o O - T T T won | ply oil and greases to Indiana Highway | HAgkley UB Nat Bk o 1 5 pec gy | San Nor 78 db 0., | “Anti-Alcoholic Hour” to Be Fefl-[ TRENDS AND PROSPECTS OF | | Department for 1932 N U Nat Bk & i 500 Dec. g Machine 11 indications the | - g LEADING ORGANIZATIONS. | | Nashua Manufacturing cuts wages | Erosiess Laundiy. 25 D D | n Pacife 43846 dustrial mac v companics are| ture Every Week in Nation's and salaries about 10 per cent. ‘B (3an Diego) $1.50 @ Can Pac 4%8 ‘60 ced with an entirely unfavorable out- ¢ | Reo Motor Car December shipments, el s oia ot k for the half of next year. Prisons and School System. NEW YORK, January 5—The fol- | 692 units, vs. 736 in November and J : There seems early prospect of a lowing is a summary of important cor- | 1,337 a year previous; 1931 shipments broad recovery in demand for machine o IO IO S S80r8nlrarr » uermandranranelorh ciBarantownans o eete e n o and Brands (1.20). 913 West Pa El pf (6). 53 3 obligations. Industrials and utilities | 5 & O 4s ‘43. ... 3 Y ¢ toriums, bankruptcies. liquidations and and Gas&El (3%). 2 2 % B5 West PaElpt (7). 5 55 <1 |were also irregular. Two Strong Spots|B & Ocv 434s 60.. 2 2 [ : : 5 extremely difficult exchange conditions, Stand Gas&El pf (4). 1 West Pa Pwr pf (7)., were Wheeling Steel 5'»s and United | B & O 1st 5s "48. p ; ¢ (G IS ic G 5o that their path has been far from Stand Invest Corp. .. d 2% 21, Western Dairy (B) 2 s States Rubber 5s. B&Orf5s'd 3 6 NYC&S .1 % rosy. But the fact that tricky and il- Stand Ofl of Cal(2%) 4 . 2 S Wastern Maryland 5 W b 4 With the suspension of another Stock | B & O Sw dv a0 3 legitimate competition is on the decline and Oil Exp pf (5). E - 314 3 Western Pacific pf. 2 s - Exchange house, having connections | B & O 6s '95. > must be considered as a point in their and Ol of Kansas. iy | 15 3 Western Union (6) 9 35 1t | chiefly in New England, the bond mar- | Ban & Aroos 6 e g favor, especially as regards the future. and Ol NJ (12). ’ | Westinghse A B(2) 3 ket had a nervous and irregular tone | Bk Chile 63%s'61.. 5 2 261, . A As a result of the changes that have arrett (LS) (80¢).. 1 : 221, Westinghouse (234) . : : at_the opening Batav Pet 4348 42. : N i L 51% | been going on in the direction of elim= { is 1 5 erling Secur cv pf. g Wsthse EM 1st m37% United States Government long-term | Belgium 6s '55. ... 3 ¢ i Z 48 ~ 48 |inating the unsound and unfair ele- const r probatily(ony Stewart Warne: ; 2 Weston Elec Instru., 2 - issues were about '; point lower under | B S 2 VH&H 4341567 4 G ments in trade, it was suggested that w erably below the evel for 974 Stone & Webster. .. 4 2 % Westvaco Chlor 1.60. 9 fairly heavy offerings. High-grade cor- | Belgium 7s°65. . ... 2 9 NY NH&H clt 6s 40 8414 | exporters obviously are going to have the like six months of 1931 udebaker Co(1.30). e e 30 Wheeling Steel pf 3). poration descriptions also were heavy, | Belgtum 7s ‘56 . 9 20 | NYNH&H cd 65748, 15 b %! more confidence in their foreign outlets, Chemica exception of 1 451 26 nOMl(1).eeueecnn 284 281 ‘ White Motors with small losses in such types as Atch- | Bell Tei Pa 68 B4 NY O&W 1st 48'92.. 3 39 9 | For one thing, the exporter will not bon black and r trades, the | Superior Oll...... 5 e 7x White Sewing Mach. ison general 4s, Norfolk & Western 4s, | Bell Tell Pa bs C'60 2 % NYTel 134 29 0 97% | persuaded so frequently into taking a ar prc ut for all of weets of Amer (1 Willys-Overland. . American Telephone 5s and Consoli- | Berlin Cy El 6s '55. b DEEWE BICAL L8 5 chance with a firm or an individual who chemical divi is rela- P A e 2% 35 Woolworth (2.40) dated Gas 58 Berlin C £ 6368 '50. 3 2 ”T“’é‘; 8 : 97% | may have been regarded in normal '1';;“514\2;:9“2) -20)s A 3 . Worthington Pump. There was less pressure on specu- | Beth Stl pm 5s°36. 5 = Zr .Fm ;;' 2 times as hardly worth selling effort, but Tex Gulf Sulphur (3) Wrigley (Wm) (4) lative issues, and in some cases there | Bolivia 75 °69 : or AT e ; whose business is sought when the gen- Tex Pacific Coal&Oll % vale & Towne (1). were gains. Erie 5s, for instance, ad- | Bollvia 8s 47 Nor Pacr 1 63 2047 exal level of isales is low. Tex Pacific Land Tr. 3 Yellow Truck....... vanced narrowly after opening firm.|Bordeaux 6s'3t.... : 5 SnEASCLeRaUTY It is by this type of prospect that =" F 6 Young Spring& W (1) New York Central refunding 4!,s were | Bos &Me s '67 3 5 e hales ° domestic distributing channels, as well aag pesiod 112 Third Nat Inv (1.05)% = e 2 a point higher. Southern Pacific 41,5 |Bremen 7a'3 Ay Sl 3 as the exporters, get nipped for losses. et of Thompson Prod 1.20. SRiZonIteEraniooiD s 3 gained. Dodge Bros. 6s, Texas Corpo- | Brazil 6%s '26. : Rt UL Records of advices officially received haif of | 1t i e A RsolON RIGHTS—EXPIRE. ration 5s and other industrials were | Brazil 63%s 27 6 16 Ry 08 183....c. show that in the history of a good many be-| 8 et PeopGL&C..Jan15 35 % % 7 bately iatendy Brazil 7s.. : Oreg-Wash 4s61.. 2 | legitimate businesses there is a steady Tide Wat Oll pf (5) Sales of Stocks on New York Exchange. In the foreign department, G""‘““f;;‘{"" l;ilav 6% s 2 2 Orifent dev 65'53-.. recurrence of pleas for ‘“another 0 i, Timken-Detroit Axle 10:30 A 200,000 12:00 Noon 600,000 |government bonds attracted attention, | Bklyn Man 6s ‘68... PaGAmEL G 0 oy | chance” from the unsound and the un- to remain one of outstanding im- i Timken Roller B(2). 30 P.M. . ..1.000,000 0 P.M... 1,100,000 |the Young plan 5'.s gaining fraction- Bkiyn Un 68 '45.... , 102 [ pac T&T 1st 5837, 100% ethical prospects. The human element nce for a long period of years Tobacco Products. .. Dividend Fates a5 given in the above tabls aze the annuaj eash [ally and the Dawes reparations 7s los- | Bklyn Un st 65°50. 5 Pac T&T rf 55'62.. 5 100%5 enters in, the seller grants the request, Pr ts Other Than peharco PRAACE05). payments based on the latest cusrterly or half-yearly declarations. |ing a small amount. British 5155 wer g"dlpm us'62..., 9 :| Pan-Am Pet 6s '34. too frequently to his regret. i e R 8 2 Transamerica Corp.. 47 intock Fis 9% n SIOLE. "W PAId it yeatoio Gessiar ate, [Of & shade. Japanese issues lost a | Juarofh S0l B 2 +| Paris-Ly M In the domestic trade the problem is Clocing e vear wit el 3% oy ¢ PR o TR SR stk | point s : e by ‘which a better check-up i obiainabla closin - o I'ri-Contl Corp. . - S - ‘anada 4s ‘60 . 3 72 enn 41 s D'81 y Wi & e 1930 levels, and it is expect % 3 TwinCity Rap Trasi R e e Canada 43836, ] Penn cv 4%45 6 a5 to the risk. This is said to be true in pressed conditions will prev o - , =i DIVIDENDS DECLARED Canada 38 ‘62.. ..., 16 8 | Penn 47%4s70. . the export field also, where that export the initial half of 1932, at least i | Can Nat 4% 8 b, .. 7 31 | Penn 4% s '63. market is large and established chan- for ear 1932 Iwm'l\nn)dx\: MEXICO LAUNCHES 1 vs. 9,053 in November and 4,092 a R Can Nat 4%s'57 Penn 58 °64 nelskare mglnt.:ined_ But the newer able, however, for oduce! 0 year previous. ry 5 (#).— Can Nat 43868 Penn 6%s '36. markets and the markets where the age foods, dairy products, flour an | CORPORATION i bty NEW ORI Jaau y-5 . Hidrs. of ; Can Nat SrJuly'Gfl. Penn P’gb 4%5°81. volume is not so large are the points | 2| | Globe AGrain S &N Milling S pront Sexs B I0 EiT Rate. ed. e Yetord: | Can Nat 68 0ot 69 Peoples’ Gas 5847 where much of the trouble arises. _Although total 1932 shoe DRIVE ON LIQUOH‘ REPORTS Lnected tr Dscniber bkt i oot loin| (Comesny. (Rate 1 : Gan Nat 53 Oc Peoples G 5 1 ably will 1 i | | of $117,804 for 1930 period c Tr (Putnam 5 Can Nor 638 db ‘46 r“‘“ 6:,“- New Markets. th thi M S | Indian Refining gets contract to sup- ) 31 8 Jan et N S 1t is easy to see that in a small mar- Phila Elec 4871, . ket an exporter cannot maintain an Phil & Reac 63°49.. organization to do the necessary inves- Philllp Pet 5% 39 tigating to protect himself, and the en- P C C&StL 6s A *70. tering of a new market carries some of P& WV 4%sC60. the same difficulties. These are things Staley (A E) pf...§350 § Cent J1l G&E 58'51. Poland 65 40, ..... which, in the opinion of experts, the totaled 14021 units Stock | Cent Pac 4s 49.... Poland 73 47... ey overcoe e . | ws y Stand- | 1042 : e Cent Pac 55 60. . .. Poland 83°50...... e may adop Booed : MEXICO CITY.—Mexico's malefac- poratsl(m m-t s prcpxfircd ;} thYe l:anid Standard Oil Co. (Indiana) gets Mercantile Accept of ; Cen RN g 58 87, Port Gn El 454860 When the depression eliminated some Meat Packing—Depressed conditions | tors in jail will be given profitable di- | ard Statistics Co., Inc, New York, for | contract for Indiana highway depart- ¢ Cal & oo 4t : el Catcaab s eards: ol |lBarta ATegre s E 1S of the unsound firms along with some @ il during | version ‘With the establishment in all | the Assocfated Press: | ment 1932 gasoline supply, estimated | Ghimann Grain.. .25 =1 Cheb Corp B el . : 01 | Pos Tol & © 58'68 of the sharp-practice dealers, Who gene 2 t he republic’s penal institutions of the | e | at 2,800,000 gallons, on bid of 4.5 cents e i Pressed St C 5833 erally may be classed as unsound also, Me: 1 T nti-alcoholic hour.” During this pe-| NEWR) e | less than current price. Atls iDrop riracliine C&Ogen 4%s 9z, Bruesin/6s et the exporter certainly has gained last ook for the e riod, from noon to 1 p.m. every Satur-| Automobile production was again| Sylvanite Gold Mines, Ltd., receipts|AU%s DRoR, Eorie [C&O 4%s A9 4 e g nencnt r than av ¢ con. | a¥, the prisoners will hear lectures do-| greater than the normal seasonal in- A S SO R T D R e e ok ofuEDin. 2 PubSv G 4%867.. pell any rate, the development has Containe kings of - | tailin of strong drink a & i ; 79. : . s 2 3 5 S “| Pure O11 5%5°37... een one of the type tha z e brobably be moficrately less | advantages of temperance, and instruc- | Crease. According to Cram's automo- | “relautograph Corporation December | E0se), idustctig -0 CB&Qgen 4s'38. 88 88 iy siderable inzeresgypg“:oné e e th tion in the joy that are afforded by | tive reports. output totaled 18,890 cars | new contracts provided annual rentals| Mng'& Ml . . 1c CB&Q 1stre6s Tl Queensland 7s"41.. St idanta iR s opTEant A participation in athletic sports. Musical | ang trucks in the week ended January | Of ~$12.200 vs. contracts producing|piexel St €, 'C0yit¢ Q‘MGY}&‘:?} ",‘:g~ 4 Reaa gn 4% A '97. are likely to watch that phase of in- CLUM & or o stes i >7'2 | Rem Arms 63 A 37, creased business with a_better under- standing of conditions than they have held heretofore. rice s bers and cultural demonstrations | i 2 $8.200 in December, 1930. Houston Gulf G s e b to befm.“*x‘)’r‘c‘:‘gg:“iar’f; with 14772 units 1| "{jlen & Co. reported almost all con- E{”A’: R" s CMeStP ixs 8. Rem R5%3 A '47.. tals (N rous) —It is d presented under the auspices of the | e ok CFiast vor tract work suspended; contracts On | by Amer i b Rhinelbe 78°46. . . Metals P the corresponding week of last year. | pooks about $18,000,000 ECaSpALAmSIIS LR CM&StPad)is. . Rnine West 63 '52.. Chi&NW g 3%s '87. Rhine West 65 '53.. C&NW 4355 C 2037, Rhine West 63 '55.. that profitable levels s state department, which will supply even the low-co: r procucers the National Committee for the Cam- The Companies. | United States Steel—Tennessce Coal | Marchant ¢ Chl & Nwion 4o e Rio de Jan 648 '53. Shi & NW 6345 36 R Gr Do Sul 63 '68. of 1 likely 2 art of the y will round out these ‘programs, o (Copyright, 1932.) D Pw D DO OOO O w D © Comment o o> o NEW YORK, January 5.—Cautious investment and trading policies were aavised by brokerage houses in their market comment today. Some believed a technical rally could not long be de- layed. E. F. Hutton & Co.—The reconvening of Congress and uncertainty over the teriff revision policy has injected addi- tional nervousness into the stock mar- ket outlook. It seems to us that the average speculator and investor will do better to wait and follow the trend after it develops than to try to anticipate the bottom. - owlcani cEla s EETONY @ w0 DOOD thvanumaramman S~ Bana wwmwoes ot 3 o Frazier, Jelke & Co.—On the whole, the action of the matket, both Satur- st few years are set forth in “Savings, lding and Loan Bookkeeping,” a 250-page book just published by the American Savings, Building end Loan Licber, Shreveport, | institute, po: of accurate figures 0" lights of all in his announcement of » DOOD OO W O OO m © D g the paign Against Alcoholism with all fa- | ’ o | & Tron Rail Mill resumes operations | Mach, ing tr P Mo conducting . this worthy | Ccntral West Public Service net in- | gfier being idle since July, 1931 Ofimer Fare Reais- I ” 0 o | come before depreciation, 12 months to | * Wilcox (H. F.) Oil & Gas—Magnolia | it ot 51 be able to maintain ear I > ; November 30, $368.796. i 5 Protecuive Life’ ins “hi Rwys 6s ‘27 g sife 5 7 thi Prisoners in all Mexican jails will be J . % Pipe Line Co. contracts for purchase [ ™/giectve Chi Rwys bs "21, . Rio Gr W 1st 45'39 e \ssembled in the auditorium or princi-| COmmunity Water Service passed | of'3000,000 barrels of ofl for 1932 from| Bo | Chi RI&P gn 4588, Rome 6%3 '52. period. ‘p“ courtyard of the institution for an semi-annual stock dividend on common | this’ company. Title Securities Co Chi RI & P rf 45°34 Roy D 48 '45 ww... | hour each Saturday to take part in the | shares, paid 2 per cent August 1. Wright-Hargreaves ~ Mines, Ltd.— Regula Chi RI&P 4%s'52 i nti-alcoholic hour.” The idea is to|, Dayton Power & Light reduces rates | Monthly output reported valued at|acme staple pf.. sl ChiR1cv4%s 60, SL IM R&G 4333 e . O ets Whose plight 35 due to| 2 cent per k.w.-h. to 61 cents, effec- | apout $275,000. Am Mot Ins (G4 Chi Un Sta 445 '63. SUL&SF in 48 A '50 the relati firm pr Pire 4 el o i S Db men and|tive in February | ““Associated Dry Goods passed quar-|Am Steamsnip 51 C& W Ind cn 4s' StL&SF 4%s'T8. the industry, ea i s | alcoholism to socie e Hudson Motor Car initial orders for | terly c P Autolingioi e (0 . StL&SF p 158 B ‘50 e iere 1o fube tor Car initia terly common dividend; paid 25 cents | i pow '8 5847 during t! t hi f 1932 d women and to encol others to o Cravr dis bl y nd; cents | Cal-Ore Pow 6% Chile Cop db 5847, | Sac Pau 7540 ret. . ntially under the world without resorting to strong | 3te7 2500 of mew models placed by | November 2 and 62 cents quarterlyf ot &1 ;. 3130 Chile bs h Saxon P W 6348'61 > 1931 period 2 . Forate alers at Boston preview showing. prior thereto. rowell Publi ipo o . ., 5 o be ewpnrint “]\lv‘;:oltmp?\;'z‘ni:hmr(:s enlisted | Montecatini—Only small decline ex- |~ Briggs Manufacturing gets refriger- | Bai'pa rR 6% Chtisies o cranb e come ¥ ation of all state governors Pected in 1931 earnings, no change in | ator cabinet order from Westinghouse| _std $1.50 gl Seab A L 4s st '50.. incom the co-operation of all state g ors | PEC e | abin J L e Chin GVtRY 5 Serbs-Cr-S17s'62. . ven lowe an | in its program of cstablishing such a | GiVidend rate looked for Electric & Manufacturing. ~Marks en- [ G i1 Cologne 6% 50... Serbs-Ci S 193 jspects for other | period once weekly in all government | National Investors net asset value as- | try of Briggs into a new field 26 . Dec. ;> 1 Colomb s Jan '61. gl ||| Soxha-CrEalasies. . 3T Afavorak . Dehools. Programs stressing the bene- | SIENINE no value for stock purchase| Tilinois Central R. R.—About 6500 | Eureks i L 3 Gy eaeosnY 6 gy he o JHINED, s Y 1stry | fits of sobricty and the ills that result | Warants December 31, $75.47 a pre- | shopmen of system accept 10 per cent | Fayms & Merchanis, Colo & Sou 4%5'80. & © TR e Pe 3 g ] o filgence in hard drinks | ferred share, vs. $87.14, December 31, |cut in wages. Fidelity Nat Bk & Tr "ol G&E o8 May's2 5 Shinyetau 634802, face arly pi rom an overindulgenc ooy N S50 Col s 1 Sinciair O11 6 4’38 | will be presented for the pubpils, 930 | Loew's, Inc, common share earnings| . (Kaus City) Col G&E cou 6861 3 724 s g { vt e nreseied KR fLne BELBES: | "Oliver United Filters declared 50 cents | 12 weeks to November 20 $1.09, vs,| Fifst Nat Bk (Soring. Gom Inves6%n 49; i LG (Copyr 2 | back-dividend on class “A” stock: paid | $169 First Sv & Tr £ CCMd 1strf 5850, 2 2 gk';?,,'o“ ;f:s 39, ! » 50 cents August 1, 1931 | Outboard Motors deficit year ended | ,Tampa a2 “on G NY 4%s°51.. 25 " s f 5 day and Monday, is disti = be elimir 2 BUILDING AND LOAN | _sears, Roebuck ‘& Co. sales, period | September 30 $194,234: had deficit of | F'Fgt 17 & Sav Bk N ;g:z:z]n::\-sis e endans ]uwcrrmtpl;iceinzg_ L | December 4 to December 31, 1931, off | $131,066 in nine months to September | Honolily Rap Tr “on Pow JapanTs. 2 5 ; fore a sizeabl 7 e virtual ity | P s B B Dee |50 tas0 D omolu A Con Fow Japan s Sou Bell T&T 5s "41 able rally ensues. Legislative | NG EXPLAINED!| > bexscent: Januaty 2. fo Ueoember 50, dea0 Borinsfield) 52 Consum Pow 65 '52 981; 982 98 | SW Bell T 6a A '54. uncertainty at Washington apparently n | | 31, 1931, off 11.1 per cent | . Pierce-Arrow Motor Car December, [ papcaster City Nat Bk Cuba b%s'45.. Sou Pac ref 4s'55 is the most potent bearish factor at the e | Tictz (Leonhar), A. G., fiscal year's | 1931, unit sales 385. | iEancaster Pa)s2.50 Cuba Nor 5% 8 '42. p V 4 | Sou Pac 4% s 68 .. moment, but the action of stocks like New accounting methods for building | S4,¢% expected to show about 12 per| Dudmesne (s, Gorporaiin, defelt| e T sune Soueho ta 51 fo il gol| AR el N el e xelspnana 3 - - | Mascot Oil C 1'.e Czecho 8s '51.. 2 9 9 9 32 1 5 an enera. 1 associations growing out of | Woolworth #F. W.) Co. December | Monongahela West Penn Public Serv- | McCrady Dodgers etehaits ? SO8 EXo A ANGEL- ... 904 Motars Indicates, thak there X [ coran) . Sou P&OF 4%s"17. 31 73 still is a good deal of genuine liquida- of the | sales off 6.1 per cent; 12 months off |ice net income 12 months to October |,y Go, P’ sjice" " & Hud rf 48'34. 76% 76% | Sou Ry gn 4s '56. W tion in progress. l2okos cent; |31, $1,025,136, vs. $1,225,618 Mere Am Alty bf bl %2.. 6 Sou Ry 5894..... 7 Detroit Edison December industrial | Northern Pacific Railway, subsidiary | Merch Nat Bk (In Denimatk A8 Sou Ry 65 '56. . Paine, Webber & Co.—We do not be- power sales up 15 to 20 per cent; loss | Northwestern Improvement, declares | Merch Nat Bk (She Jan; Denmackb/ati ot Sou Ry 6% 66 ... lieve that the making of a new low yes- in number of meters offset by increased | $5,000.000 special dividend and $992 - | Meyer-Blaiike Co : Denmark 6342 ... SR L terday necessarily calls for an immedi- Skt o oie 000 regular dividend; starts $4,500,000 | of G Jan. D R e o 5 StOIN Y 4%8 '51. 88 ate breakaway of prices on the down General American Tank Car divi- | freight car-construction program. R e ey s e R R i ISt BkR BAN 2 side, and while we would interpret yes- dends to be paid semi-annually |~ Glidden Co. net income. year ended | Mobile Bond & Mtz U*gg&],,m,s‘,‘ 5 |Swiss3%s8 46, .. ... 2 4| terday’s action as probably precluding General Motors December production ' October 31, $172,250; equal tp $2.50 a |, .o A e s e ety - - the likelinood of a rally starting at and shipments of Buicks, 11,629 units, prior preference share vs. defiéit $18,634, ;:Sx‘?"é’\ S Dec Dec. Deitacho BEER/I3. 8 52 b3 %:I:‘,‘@J:J;.‘-.:" 5 37| onee flr&m‘ C\:TTE;IL{]L('VEL‘. rz\hle market is atl City Ban p = . ely to drift a while, awaitin; ;i ochelie) .7 Jan. 2 Dec. 29 | Dodge Br cl 68°40.. 3 : : g hor is John R. B. Byers, Ne g AR 5 Neloon, s‘fik‘n’;"fi"rc?ax I3 2 DEC 24| Duguesne 4348787, 1: S 0| e mnEni some favorable news development. than bl A e T T Nat Tea 52’ pf 13%c S '52, y 3 4 3 ¢ vi or a substantial s oy ecounting expert, wioe o | W ASHINGTON STOCK EXCHANGE | [ vk Dutch East 184 Third Av e ds 0. 3 4 3" [to pusn Apr. 1 Mar. Third Av adj 68’60, 2! Erfe gen 4s. o 2 g:r‘ {nu. Briocv 58 6T..e0.n 3 35% | Toho El Pw 32, 9 Jackson Bros., Boesel & Co.—Undue Jan M e ! 3 Toho Ei Pw Ts'55.. emphasis on the difficulties of isolated Feb. Jan 3 Tokio 535 "61. .. 9 banks is not warranted. The failures Feb. 1 Ji Finland 68 '45. ; g 3 . ; Feb. 1 Jan. 20 | winland 6% '56. 57|50 Lo BILC s SY, 55 which were announced coincided in Finland 7s '50. Un Pac 18t 48 '47... 91 time with the last call of the controller Jan. 7 Dee. 31| A 8841 P Un Pac 43 '68. 3 of currency. We know of no new devel. Jan. 2 Dec. 23 | Fia B Coast 6 5 5 Un Pac rf 45 2003 opments which might accelerate bank- Feo 1 Jan 12| Fram 1D 7%s"43.. Gnit Draoviba’sss, 6 ing difficulties in various parts of the French 7s°49...... 2 Utd King 6 %8 '37 9 9 country. On the contrary, new develop- ‘3‘”‘ g“. 3 French T%s '41. U S Rub 1st 58 ‘71 . _fl;\l’nlslhfll'l l}l]l prospect which should an. ec 5 5 43 33 g3 |UnStWe%sA4T. 16 3% | strengthen the general banking situa- Jan: Deo 2 g-u;\;::::!,:;:: g 5 1. | Ud St W 6% sA51.. 8 2 tion in the near future. These devel- 5 G:: o i i 314 | Unit SS Cop 65 '37. g 82% | opments will grow out of the legalizing Jan. Dec. Seran 558 86 -. 118 Uruguay 6s ‘60 " {by Congress of the Reconstruction Jan. 1 Dec g Bk6s'3b.. 4 Sou | Utah P & L s "44. ! 'a | Finance Corporation Gazmary o Util Pw 65 '59 ww. s Jan. 1 Dec. Ger Cen Bk 63'60J 3 @ 3 CEI AT e 7 o Bk 63’600 1 305 3 [ 23 {208 0an g:;rs::mn:h'n 3 5| Vanadium st5¢1. 2 4 5 CHICAGO STOCK VALUES Jan. 15 Dec. German Ts rep '49.. 2! Vienna 6# 52 it Goodrich cv 68 45. Va Ry & Pw 68 34- : ’ o RISE DURING WEEK Jan. 2 .......|Good 15t 6% 47 Va Ry 1st bs '62 ounting at the College of the City r e Q ~ | |Northwest "Ener.. 25 & f T 1 50 New York City Chapter of the A i rican Savings, Building and Loan l'l))n 71::‘ Dfr 7S 5 economist for_the Metropoli- 5 S Z Do 2nd_ D! and Loan League of New SALES. Riggs (150 oo 330 as0 | Phila & Grays Fer v and for the New York State Capital Traction Co—10 at 185, 10 at| Washington (12) A 180 2 Provident Adj & 1gs and Loan Associa- | 181y, 10 at 18%, 70 at 18. TRUST COMPANY. accountant with the e 4 ; Tr. Co. (15) 9 Commerce of New AFTER CALL. ML D E ; e Guarantee Ti . Traction Co.—1 a c T 6. 28 ware Y .1. : e t“x.u‘ulr';n]l“ e {lrml Capital Traction Co.—1 at 18. ‘\{m”“ E“N ‘x}‘ o2 > f;)’C:;IDG o 1925 he s o D/ 0! e . -3 vash. Loan & Tr. (14) . 400 o pf A es Senate Research Com- Bid and Asked Prices. 2 Stony Brk RR Corp lure: | SAVINGS BANK. Sturtevant (BF) Co _ atlure BONDS. | Bank of Bethesda (65)......... 53 { i = r | BK & PUBLIC UTILITY. m. & 8 (i ] (Phila) 25¢ Thrive on Gas Poison. | Amer. Tel, & Tel. 4':s 39..... 105 4 Ay 55 7ot | DnoascMerctu Natl o)y ng gas has been made safe | A I & Tel. oll. . 8s...... 1 L L O R united Linen Sup % ;’" s o 2 ostia ot. R s . 2 nited States (30) . 530 3 1 ermAny by CODIDE | Anacostis & Fol, GULT. 3. Wash. Mechanics. (30) %50 western Bipe & 8ul, | eats the carbon monoxide. The bacteria | Capital Tractior S 2 FIRE INSURANCE. Zinke Renewing Shoe | can live without air and what 1s a| &ty & Qv : . American (12) .| “corm pt. e i SendisnGReL : deadly poison to man is meat and drink | Potomac Elec. Cons : ioii | Gorcoran (10) - — Wabash 13t 58 “ them foley ec Potomac_Elec 19 . bt ) GrandTr sf db 4 D80 5 3 pecial Dispatch to The Star. e | O e ebon monCsids, oy, | Washs Alex: & Mt Vernon ci. R 2 ¢ MARYLAND TOBACCO SALES. |7y runk 140, e i 2 CHICAGO, January 5—Fifty repre- | Which is the principal poison in fl- | Washinston Ges 58 iiiiiil 99w 1000 | TITLE INSURANCE. BALTIMORE, January 5 (Special) — | Grt Nor gn 7836 et sentative stocks listed on the Chivase g teria are va- | Wash. Gas 6s. scries A 100 | G e "6t s Both receipts and sales of Maryland | guq & M adj 5367, rsaw 75 'G8. .. 32 ;swck Exchange at the close of business hip, producing | Wash, JOas (65, serles B, - T ibig o 3 leaf tobacco showed decreases Jast Week, | fuq & M rf 68 West E14b 63 '44.. or the week ended January 2 had a methane, a good fuel gas, from the car- | o o N CELLANEOUS. MIBOELLANEOUR the former totaling 136 hogsheads, | gumble O11 6 West MA5% 8 77.. ! 4 market value of $898,778,602, which e DaLber & Rosy, Inc while sales of four hogsheads Were re- | yyumble O 5%s '32. West Unlon 58 '51 71 compares with $824,406,423 at the close Wes: Un 6%s36... 85 of the preceding week, according to a on monoxide and hydrogen. s Barber & bon mong wydrogen. ber & Ross, Inc. 6%s Col. Medical n State tobacco | Hungary 1%8 '44.. . ; W EO5%s 37 ww. 97 compilation by Paul H. Davis & Co. e ats Tiub Sihs : iooi | Sor 8 g : N ried tasiug wistaokil umbia Country Club 5 D’ C. Paper ! 2 rehouses of 14,806 hogsheads and 9 Warehouses 0 111 Bell Tell & Wil & Co 15t 6341, 79 This represents an increase of $74,- Wis Cent gen 4536 25% 372,179, or 9.02 per cent s counureul : Natl fd 5 | o r caves there is a considerable gain in fn- | o o0 oot % |E 3 E 224 hogsheads of E10MNG e of old- | L Cent 4253 rices for des Senteo s 111 Cent Yokohamai€s 61 .. 65 64% 65 The analysis shows further that at Tontr S&T 68 A'T8. 64 63w the close of the corresponding week a ¥ v E! sest t dustrial demand STOCKS. Fed.-Am. Co. com. ( : : Tairly well, but e T The telephone companies thus far Fed-Am: o pid. (6) : crop tobaceo are holding Taitly well. But | ) vear ago the same 50 stocks had a ma ket value of $2,054,659,329, indicatin E en successfu n ni IC UTILITY. | Lanston Mo e (6) R § the demand for new-crop SLL&N 4% 8.+ have been successful in maintaining |, = PUBLIC UTI ok anston Monotype (6) .- o § [ Cemane T Quotations ‘today for | 1N COStLAN srA“ i ' RAIL SHOPS REOPENED. | dccrease during the yoas of Si1 CUMBERLAND, Md., January 5 (Spe- | 880,727, or 56.26 per cent. In: 5162 200 w DOODOOO POD w w O D o@D D m O wood Sond FESvs Rarrrwde EIYEL ey 1 W yroduct substantial advance in revenues is look- | v Gas Lt. Co. (18)....... . | Mergenthaler Linotype (6) r3 . H d upturn t B procucdan o ey : ¢ W Steamboat (12} 5 2i9°" | Natl Mtge. & Inv. pfd, (8 3 Frosted and inferior, 2.00a4.50; sound | RfGEOERE B 0" Piity profits & bable until there s ) ed for until business confidence and N, & W. Steamboat o .| Peopies Drus 8. ped. 6130 to good common, 5.00215.00; medium to P Z E e . i 3 55.00; seconds, . B TR e 1 slegraph companies will proba- | Wash. Rwy. & EL pfd o 90" | Ter. Ref. & Wh. Corp. (3)...11] % “ | 35.00254.00; fancy, 54.50a55.00; » | Int & Gr Nor 58 '56. men were recalled to the Baltimore & 12 Per Cent Div: 3 Ungs fits of leading manufacture i¥line well below the 1931 ‘show- | NATIONAL BANK. Ihe Carnol Corp, (). ... common to medium, 500822.00; §00d 10 | 1t M Co 53 roral.. Ohio Railzond reclamation plant. ves:| idend Profits of leading ma . | 3 . -~ | fine, 23.00a42.00; upper country, burley, | ;1 niatch 68 °47. .. 37 +| terday. The majority of the employes ARSAW, Poland, January 5 (#).— No sharp | profits at virtually#1930 levels, but no | amet. ToL & Teb 9 o | Mer. Tr. ‘& Stge. pfd. (1) Maryland leaf tobacco per 100 pounds: |y CeC el P By . sustained quickening | public purchasing power are, in some | Eot- Ele¢. Power & 104" | Rear Bst M- & < pid (8 ! 3 o T activity in many ure, restored. Earnings of the two | Wasn" Rws & EL com. 15100 | Bedleity Storaes B s | good, 15.00a35.00; good to fine Ted, | & H oy e 6y 4s ol e ore than 100 furloughed shop- - ine ng during th S 32. Wash, Med. Bldg. Corp. (1).. " SR e Ll Min. price. Askid.| Wdwd. & Lothrop com. (1.20) nominal; ground leaves, 1931 CrOP, | ynt MM col tr 63741 T rolling. bolt and forge depart- | The Bank of Poland announced yester- coming menths the ‘r’nalgfle(; | Gapiear,_ag), s SRR 9 | Woodward & Lothrop pfd. (7). 107° 4.00820.00. Int Pap 53 A "47. ments were furloughed last August,| 98V that it would pay shareholders a D e ¢ o | ommercial e JIIaEs @ [ Ex dividend, 527 extra e Int Pap 65 '56 3 2 31 Poitis ‘more than half of the forcel 12 Per cent dividend for 1931. ed 2 g op Fify s 1 ooks close y extra, IntRy CA5s'72... 2 that has gone back, including the roll- e nses and fixed charges. r. N T nasc extra. extra, Tusks of mammoths Which lived 2 : , profits will be avmagblc e A 2 R e o) nearly 50,000 years ago are in storage at Int Ry C A 613547, 4 ing gang. Under the order the rolling _ Efforts to relieve property owners i 3 1 W . §1 1. %% “ P in 8t & low ebb until for junior securities, + eetropolitan ' (1)’ TR Lo the London docks owailéog an owner, Lot Bap Tx 6'33wn department resimes 30 {ull, Engiand of tibe xenis bhave faved.