Evening Star Newspaper, January 17, 1932, Page 57

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FINANCIAL. THE SUNDAY STAR, WASHINGTON, 1O, JANUARY 175 1932—PAR'T Serves 43 Years CURB AN DROP N PROFT TAKING [Tone Generally Steady, How- ever, With Net Changes for Day Small. BEGAN CAREER WITH BANK DECEMBER 1, 1888. BY CLAUDZ A. JAGGER, Aseociated Press Financial Editor. NEW YORK, January 16.—Week end | profit-taking whittled down some of the | week’s gains on the curb market today, | but generally speaking the tone was | steady. Net changes in active issues | ruled small. Trading was dull and the gwo business hours witnessed the trans- #er of only about 130,000 shares. | Utilities, which had been in the van ©of the rise, gave up a little ground on realizing sales. Electric Bond & Bhare, United Light “A,” American Gas, Middle West and St. Regis Paper fost minor fractions on the day. Con- 5 solidated Gas of Baltimore strength- GEORGE L. STARKEY. | ened more than a point and inactive | New England Telephone was up 8 RTITERE ) Specialties were generally firm. Deere backed up a little until the last few | minutes, when it met new support and i gained half a point net. Glen Alden | Bank of Washington, and Mead Johnson also firmed. Cela- | service of the bank pese preferred jumped 14 polnts, Ut | more than 43 vears, & most enviable New York Steam was off = record. As a boy of 1 he started in'! Olls traded quietly and were some- | the humblest position in the instiiution what lrregular. ulf’s loss o Nt | that of messenger owever; h's a 1 was exceeded by Nebraska Standard, uv1 fil:d close a%phrat)on to work were while Standard of Ohio rallied 4. In- |soon noted by officials, and he was re- | glana, Kentucky and International P2- | warded with rapld advancement and | oleum were steady | for many years was one of the best There was little activity among the | note tellers the bank ever had. | Investment trusts. After filling virtually every important | position in the bank, Mr. Starkey was advanced to the presidency on January S : 8, 1924, when his lifelong friend an Wall Street Briefs business assoclate, Clarence F. Norment, relinquished the duties of the office and 2 was elected chairman of the board. ’-"};;‘:j‘;";;'g;‘;(‘ Z‘;;Larv 16—The F, w, | That the bank does mot change presi- Dodge' Corporation. estimates the 1931 | ¢nts, very often s shown by Lbe (8 gota! of “1’;1‘:]3"Ssgf“'slfll"’:-"r:t"éf‘l‘fi; | 30 years before taking the place he now struction he s f | s Rocky Mountains at. $3.002,889,500. | 20N ot Mr. Starkey has in Contracts awarded in the final quarter | nis possession his original letter of ap- fotaled $530.141.700. compared . with | plication for a place in the bank, writ- $839,715,600 in the 1930 quarter. fen_ November 13, 1888, and il a | et 5 time-worn reply signed by J. A. Ru: A Tokio cable received today an- i A S ean hounced that the Toho Electric Power | the cashier, notifying him of his ap- Co., Ltd. had obtained permission to | pointment, “on trial,™ effective Decem- femit $4.750,000 to New York toward |Per L 1988, o L 0 hing- | redemption of the $11,450,000 6 per cent | yon ~His father lost a leg while fight- motelssue, maturing Iuly’1 nexh | ing’ with a Maine regiment in the sec- *The National Short-Term Securities | ond day's struggle at Gettysburg, bu Corporation announced today that the |lived in this city many years after the Class A" stock would be placed on a | Civil War. The banker's mother is well ¥ . d of | over 80 years of age and divides her seml-annual Qivigend et 105tead f | {ime between Belfast, Me. and the = Starkey home on Michigan &venye, The Sun Investing Co. Teports for George L. Starkey, who has just been | re-elected president of the National| has been in the | continuously for The bank president is a_member of 8931 profit of $131,037 after expenses |the Washington Clearing House Asso- and taxes, but before loss on sale of | ciation's Executive Committee, which is securities. Investments carried at cost | the most important banking committee of $3,509.856 had market value at the |in the Capital. He belongs to the close of the year of $1,612492, | Chamber of Commerce and other sim-| B ilar organizations. During the World Stockholders of the Simms Petroleum | War he was given special commend Co. have approved the offer of the com- | tion by the Treasury for his sp: | .pany to purchase up to 100,000 shares | work in connection with the Liberty | of its own common stock at an average | loan campaigns. rice not exceeding $5 a share. Stock- olders are privileged to sell the com- pany one-seventh of their holdings up to February 10, The Lackawanna Railroad is re- rted to be in the market for 4,000 s of 130-pound steel rails. Savings bank depositors in New York Btate last year added $1.458019593 to their accounts in the 141 institutions *The amount due depositors on Decem- | ber 31 was $5,196,100,522. S 2 BALTIMORE STOCKS. BALTIMORE, January 16.— Special Dispatch to The Star. Sales. STOCKS. 10'Arundel Corporation 5 Commercial Credit Last sales 26 com 92 15 Consolidated Gas_com 64 125 Emercon Bromo-Seitzer A com 8 Fidelity & Guar Pire Corp...... 5 Pidelity & Deposit Co.. 92 Maryland Casualty Co 348 New Amsterdam Cas Co Power lity & Guaranty Year Ago. | $1,820,000 | 79:3% | $644.31 3,058.577 | 243,340 7,966.865 Last week, $568,000 65.5% 765,945 2,985,552 818216 6,495,345 This week. $563,000 66.9°, $751,575 3,001836 818,341 5,874,646 By the Associated Press Brokers' loans ...... Federal Reserve ratio. . Holdings, U. 8. securities. Gold reserve Rediscounts ... Bank clearings .... . Electric output (Kw. h.) week ending January 9.............. 1619265 (Pinal three ciphers omitted in above.) Car loadings, week ending Jan. 2... 503,325 Crude oil production (barrels)...... 2.234,200 Stock sales (N. Y. Stock Exchange).. 10.254,098 Bond sales (N. Y. Stock Exchange).. $87,618,000 New financing ceee . $4,802,000 Call money rate.. 2 21:% Time money rate.. . 7 Commercial paper . . 3 ° WASHINGTON STOCK YEAR 1932 (Reported by W. B. Hibbs & Co., Hibbs Bujlding, Washington, D. C.) OCCURRING ON THE WASHINGTON STOCK EXCHANGE FOR 1332 UP TO AND INCLUDING FRIDAY. JAKUARY 15. BONDS. 1,523,652 1,713,508 614,860 2,084.900 3,335 708,000 37,000 441,589 2.209.100 10,099,614 $73.600,000 $: $2422.000 $263 215-3% 31,-4 3% 4 XCHAN | Approx. | ld High. Low 60 60 100% 100 106 106 100% 100'¢ 100% 100 Mosse 100t Close. 60 10014 106 1003 100' 100t Open. 60 100 108 100%% 100 100% PUBLIC UTILITIES. Capital Traction 1st 55, 1947 . dheese Potomac Electric Power cons. 5s, 1936 . Potomac Electric Power gen. & ref. 6s, 1953 . ston Gas Light 55, 1960 gton Gas Light 65, 1933, series A .. Washington Gas Light 85, 1936, series B .. STOCKS Par value . $100 100 100 Div rate $2.00 5.50 5.00 Low 18 102'2 86 High 20 102% 9412 Open. 18% 102'a 86 PUBLIC UTILITIES. 1 Traction : Electric Power pfd ton Railway & Elect 047 ptd 99'2 100 65 51 80' 107 9972 100 6 51 80'; & 107 65% 9972 100 65 100 100 100 None 100 100 7.00 800 6.00 600 650 7.00 992 100 € 55 20 107 Sand & Gravel pid... 1 Storage Co. pfd 5 Peoples I Woodwar HOW IS BUSINESS? Showing Current Business Activity Compared With Same Week a Year Ago. ~Tave| seer | ocr|nov]| oec [Jan arm | Mav Nt Fen [uan 41,_\932 193 —— i SINESS ACTIVITY for the country indicated by Bank Debits outside New o s lehldrd areas show weeks of activity above the corresponding weeks of the Black areas indicate declines from same weeks 12 months earlier. ACTIVITY BY FEDERAL RESERVE DISTRICT: Check Transactions compared with the same week a year ago. B .7 Philadelphia | Cleveland | Richmond —16.0% | _ Sl % nneapolls | Kansas City 212.9% 6% York City. previous year. Dallas —11.0% _| LEADING BAROMETERS. Showing Trend of important factors. Present trend Upward Downward Dovnward Downward Downward Upward Downward Downward Steady Upward % Change from year age Business in dollars (checks cashed) 18.4 Employment (Depariment of Labor). " (Department of Laber) Cost of living llndusl:‘l (;:srrrx‘)n Fhol rices (Fishes's 4 :‘:rnrfiflfnf prices (Department of Agriculture) Movement of goods (car loadings).. Retail trade (Federal Reserve Board). Building contracts (F. W. Dodge) . . 92 1087 3% 5l 224 109% 16% 102 29 1% 274 6 100 100% 38 10 311y 5l 97'% 111t 28 45 54% 30% 50 1% 19 19% 2% 25 814 29% 31 19% 121 B 1% | 129% 20% 84% 82 89 10% 521 113% 106% Clev 10% 22 256% 109 2% 124 10% % 3% 101 17% 1038, Low. FOR WEEK ENDING JANUARY 16, 1932. —1931.— Stock and dividend. 14% Acre Steel (1.60) 75t Adams Millls 1st pf (7). 35 73 48 12% 46 6514 « 1 5 Aero Supply MIg(A). 1% Agfa Ansco 5t Ainsworth Mfg 2% Alr Inv conv pf Alaha Ala Power pf (6). 1% Allegheny Gas Corp.... 315 Allied Mills Inc. .. Aluminum Co of Am. 56% Alum Co Am pf (8). 9% Alum G'ds M (1.20)., Atuminum Co Ltd 714 Am Arch Co (2). s Amer Austin Car. + Am Brit & Cont. s Am Capital (B).... Am Cigar Co m Cizar Co pf 9% AmCit P& L A (a3) 1 AmCit Pw & Lt B e Am Com Pow A & Am Com Pow B 4 Am Corp warrants 244 Am Cyanamid (B) 3 Am Dept § 1 Am Equitles..... 3 Am ForPwr war, % Am W An 80 Am Gas & Elpf (6). 1 1 200 514 An % Am Inv. Inc, war. . 4% Am Launary Mach (2). 81y Am Lt & Trac (2%). 5 Am Lt & Trpf (115) Am Mfg Copf (5).. 1. Am Ma=acatha )14 Am Phoenix Corp(1). 6 Am Balamandra Corp... :+ Am Superpower. : ) Snperpwr 1SUDFE). 1", Am Thread of (2he) ... High. 16 81 5% 2% 61 na Gt South pf (4) Am Utli&Gen (R)vte. ... Am Yvette Co., Inc.. Anchor rost Fence. 1, Anglo-Chilean Nit 1. Appalachian Gas & Appalachian Gas wr Ark Nat Gi . Ark Nat Gas A ong Cork. . (A) (D5%). allct 1.60.. Assoc G & El war.... 11% Asso Tel Util (b8%) 36 1 1 3 1 20% Bunker Hill & Sullivan.. 1 1 1 3 4 53+ 2 5 5! 69 1 6414 ol 19% 984 1% 4 5% 18% 3 421 2 23% Ellurel (Dnn'lAl . i) . . nd prices (Annal . . Ky i nalist) ... . pw: (AL rights reserved, Camboridge Associates, Boston.) Upward T 32% 8% 43% & Atlantic Fruit & Sug. 217 Atlantic Sec Corp. 3's Atlas Utilities Corp. 14 Atlas Utilities(war) 1 Auto Vot Machin 4 AutoVotMCorp RBabcock & Wilcox (4) 815 Beneficial 1L (1%). 9% Bickford's, Inc (1.20)... % Bickford In~ pf (2%) 1 Blue Ridge Corp 5% Blue Ridge cv pf (a3). 3 Blumenthal (8) 8 10 RBowman Bilt Hot 1st pf. 2 7 Brazilian Trac Lt&P(1). % Brill Corp A. 4 Brill Corp B S 8% Brit AT cou B (1.13 35¢) 2% Brit Am Tob reg 1.13 3-5 0 Buckeye Pipe Line (4).. 9% Buffalo, N&EP pf(1.60) 5 Buff Niag&EP 18t pf(5). # Burco. Inc. war...... 1% Burma Corp Ltd, rts(2¢) 1% Butler Bros.. % Cable Radio Tub vto % Cabl & W Ltd. A rets 1, Cabl & W Ltd. B rets. % Canadian Marconi. 14 Carib Syndicate. Carnation Co (113) % Carnegie Metals. . 2 (Carrier Corporation.. 6 Celanese Corp pf (1) 9% Celluloid Cerp 1st pf. 314 Cent Hud Gas&El (80¢). 11 Cent Pub Sve(A) (b5%). 115 Central States Electric. . 2 Centrifugal Pipe (60¢). 5% Chain Stores Stock. .. 5 Cheseborough (16%). 5 Cities Service(g30c) 5% Cities Service of (6). Tl Cities Serv P & Lt pf(6) Cities S Pr& Lt pf (T).. Claude Neon Lights.Inc. Clev Elee Illum (160) ec Illum pf(6). 2Y% Cleveland Tractor % Colombia Syndicate. % ColonOfl. .. . 1 Columbia Oil & 2% Columbia Pictures vte Commwlth Edison (8).. 15 Comwlth & Sou (war) 1% Community Water Serv. %4 Comstock Tunnel 1% Consolidated Afrcraft. & Consol Auto Mer ctf! 1. Consolidated Copper ... 7% Consol Gas Balto(3.60). 1% Consol Gas Utility A 1 Consol Retail Stores. .. 5 Contl Gas & El pr pf(T). 1% Cont Shares conv pf. 1% Cont Shares pf (B) Coon (W B) Co. Cooper Bessemer. « Cooper Bessemer pf ( Copeland Pr Inc (n).. 1'3 Copper Range. . 4% Cord Corp cesnessce 1% Corp Secur of Chi (b8%) 1 Corroon & Revnolda T4 Corroon & Rey pf (A). . Cosden O11 1% Creole Petrolenm + Cresson Consol 2% Crocker Wheeler. 4 Crown Cent Petm 14 Cuneo Press (2%) # Curtiss Wright war. % Cusi Mex Mining % Darby Petroleum U 15 & & Dayton Atrplane & Eng. 8 Deere & Co. 1 e Forest Radio. 1%, Derby Of] & Refin. « Detroit Afrcraft Corp. xon (Joseph) (4). Dubilfer C & Radio Juke Pow (5) Juquesne Gas Corp. Lurant Motors. . yuval Tex Sul w.i. $1G & Fuel Asso. €1 G & FIAS pfi6) Fastern Sta Pw pf B Iiastern Ut} Asso(2 isern Util Asso cv Fducational Pictures pf r Electric Corp. ... nd & Sh (b6%) i Sh cu pf (5) El Eond & Sh of (6).. Elec Pow Asso (1). cc Pow Asso A (1) P& Lopt war..... o Shareholdg (b6%). ec holdg pf(a6). Watch...... Gas&F cm pf(1) re Power pt (2 24) ers Reins (1.60). eka PipeLine(4). ... irope Elec, Ltd A (60c) iro Elec Ltd deb rts. vans Wall Lead axeol Motor “ Fairchild Aviation oAy, i P& 1 pfeT).. otor, Can., rd Motor. Can ot Ltd (36 3 ten For Sh Fox TheatersClassA 1 GenAlloys. ..., 24 General Aviation 4 G EILtd rets (p36 3-5¢) 1% 1% kS 14 13% 334 22% 82 24 # 1% 2% % 16 34 2% 4 5% 81 6% 52 46% 56 1% 1% 3 B 1% % 14% 54 62 8% 9% 6 4% 40 10% 46% 1T cvpf B (6). eat Equip ev pf.. fibert (A C) (1) en Alden Coal (4). 4% Globe Un'writers (pd0c) % Gold Seal + Goldfield Cunsolidat « Goldman Sachs TC. ... 1" 11% Gorham Mfg v.t.c. (£2). 4'. Gotham KnithacMeh 3" Grand Rapids Var (50¢) 30 LA&DP Teanv (6). 14 Gr'f Eros Co-op A (1.60) 97 irlef & Bro pf (1) 1 (iroe Strs Prod v.t.e. % Ground Grinper 25% Gulf Oil ot § Hac ; mester Lind 2 Hamilton Gas v. 30 Hammond Clock (2. 4 Happiness Ca . 6 Hazeltine cor;d’n 4 Hecla Mining (40c).. 18 Hires (CE) Co A(2) 3% Hollinger Gold (170¢)+ . 28 Horu&Hardart(2%).. 3l 12 6 150 12'% 9T . A% . 29 Low. Close. 16 80 16 80 5% 2% 61y 44 35 4 1% Net Chge. 4% — 61% 65 10% 21 94 * L % 115 100 26 2% + n 19, i 3% Tih L+ 1+ 1 ++ F4 | + (e s A [ I (0 e L T S G T 6% 72 —1931.—+ High. 1aw. 1% 4% Stock and dividend. Hudson Bay Min & 8. Humble Oil (12).. Huyler Stores of Del. . Hydro Elec Secur(1.20) . Hyxgrade Food Prod. ... Il Pwr & Ltpf (6)..... Imp Ol of Can (50¢) Imp Ofl of Can reg (50¢) Imp Tob G B&L (p1.12). Indfana Pipe Line (1) Indian Ter Illu Of1 A. Ind Terr Illu O11 (B). Insull Inv (b6%) Insull Ut 2d pf(6)..... JInsur Co of Nr Am (2).. Insurance Security . intercont Pete new. Int Cigar Mach (2% Intl Petroleum (1). Intern Supgrpr (1). Intern UtiIA..... {nternatl ['tilities (B) . InterstateFquities 5 Interstate Equity cv pf.. Interstate Power pf (7). Irving Air Ch (500).. itallan Superpowr A. Ttalian Super deb rts. Johnson Motor Co. .. Kirby Petroleum. Klein (D E) Co (1). Kleinert (I B) Rubber Kruskal & Kruscal. Lackawanna ec (4). Lake Shor Mines (2). Lakey Fdry & Macn Lehigh Coal&Nav (1. Leonard O1l Lion Ofl & Refinfne. . Lone Star Gas n (88¢).. Long Island Lt (60c)... Long Is] Lt pt (1) 5 Louisiana Lan & Ex Mo ). aw Electric. ... Vavdalenasvndicate. .. Mapes Cons Mfg(t4).. Marconi I M (87 1-10¢). Marton Stm Shovel.. Mass Util Asso.. Mavis Bottling (A)..qee Mayflower Asso (2). McCord Radiator B....o Mead Johnzson (15)..... Memph N G Co (60¢)... Met Chain Stores. Met Edison pf (6). Mich Gas & Oil Corp Midl Sts Pet vte, A. Mid Sts Pet v.t.c. B. 1d West Utll (b8 % MidWest Ut cv pf(6). Miller (I) & Sons 5 Mo-Kan Pipe Line...... Mo-Kan & Pipe Line (B) Mohawk Mining (1) Moody's Inv Sve pt p Moore Drop Forg(A) . Moss Gold Mines. . Mountain Prod (80c) . Nachman Spring Nat amer Ca.. Nationat Aviaffon. .. ... Nat Dairy Prod nf A(7). Nat Food Prod (B)..... Nat Fuel Gas (1). Nat Investors. .. Natl Pyr & Ltpf (6)... Nat Pub Serv (A) '1 60) Nat PS cv pf ww 3% at Rubber Mach. . at Screen Service ( Nat Service Co. ... . : Nat Sh Term Sec A $60c. Natl Steel (war)....... Nat Sugar NJ (2) Natl Transit (1) Nat Unfon Radlo Nelson (Herman). . ‘eptune Meter (A) 1.20. estle Le Mur. .. 2 ew Bradford Ofl...... New Eng Pow of (6)... New England T& T (8). New Jersey Zine (2).... Newmont Mining. ew Process Co. Y Shipbldg Corp . N Y Steam new (2.60) N Y Telf (6%)..... N Y Transit (70c) Niag.-H. Power (40c) fag.-H. PWr A war.... Niag Hud Pwr (B) war. Niag Share(Md) 20c. ... iles-Bement-. Pond (1) 0850 e Corp Chile (B).. A ec Corp (40¢) .. ordon Corp Ltd . North Am Utll Sec. ... Nor European Ofl Corp. Nor Ind Pub Sve pf(6).. orth Ind P'S pf (1) North Stat Pwr A(8)... Nor States Pwr pf (6).. North S Pow pt (1).. Novadel Agene (4) Ohio Brass (B) (2). Ohio Copper. Oilstocks Ltd (A). . Outboard Mot (A) Outboard Mot B. 4 Overseas Sec. . PacG & E1stpf (1%).. Pac P'Sn pf (1.30) Pac Western Ofl. Pan Am Alrways Pandem Oil Pantepec Ol Paramount Ca Parke Davis (11.65 Parker Rust Prf (3). ... Patterson Sargent (2).. Pennroad Corp (40¢). Penna Gas & Elec A.. Penna Pwr & Lt pf(7) Penn Wat & Pow (3). Peoples Lt & Pwr (A) Pepperell Mfg (4).. Phila Co (new) $1.60. Philip Morris Inc. Phoenix Secur Corp. Pilot Radio Tube(A). . Pioneer G M Ltd (12c). Pitney Bowes P (b4%).. Pitts & Lake Erie(5). Plymouth Ofl (3 Premier Gold ( Producers Ro: Prudential Inv. Prudential Inv pf(6).... Pub Sve N II(8)no par. . Fub Util Hold Corp xw. . Pub Ut H Cp cum pf. Pure Oil pf (6) Quebee Power ( Radio Products R R Shares Corp. .. .. Railway & Lt Sec(2).... Railway & Util Inv (&) . Refter- ¢ Reliance Intl (A).... Reliance Management. . Republic Gas Corp Reybarn C Reynolds Invest. ... tichfield Oil of Cal pf. Roan Antelope Mines. .. Rockland Lt&Pwr(90c) . Rossia Intl Co Russek's Fifth Ave. Ryan Consolldated. . Safety Car Heat & Ltg. . St Antony Gula. . St Rezls Paper Salt Creek Consol Salt Creek Prod (1). Seaboard Util (28¢). Allied Corp (1) cur Corp Gen(40¢) . Seeman Brothers (3) . Segal L & Hdwr Selected Industries. .. .. Sel Indus allot ctfs (5%) Sentry Saftey Control Shattuck Den Min. . Shenandoah Corp. Shenandoah Corp pf. Sherwin Willlams pf(6) Sillca Gel ct. .. 5 Singer Mfg (8).. . Singer Ltd rets(28¢) Smith (A. 0.). Smith-Corona Tpwr vtc. South Penn Ol (1)..... Sou Cal Fid pf (1%).. SoCal EApt A (1%).... So Cal Edis pf (B) (1%) Sou Cal Ed pf C(1%). So Colorado PwA (2). Southern Corp SouthernNat Gas Sou Pipe Line . ~o. Union Gas. 18 Scuthland Royaity(20¢) Sou West Bell Tel pf(7) So West Gas Uthl 2 anish & Gen rets. Spanish & Gen (B) Spieg May Stern pf Stand Invest cum pf Stand Motors. ..., Stand Ofl of Ind( 1). Stand Ofl of Ky (1.60). Stand Ol Nebr (2) Stand O1] Ohlo(234). Stand Pwr & Lt (2). Stand Pwr & Lt (B) (2). 28, 431 % % B 47 6219 17 59 2% 10% 40 27 25 225 14 1% % 8ty 1% 3 12 Low. Close. 2% 43% [ 7 3% 54 8% 8% % 4% 59% 117 20 & 3% w 3 1% (3% 8l 27h 1% 1 31 17 1% 8 99Y% 1% 182 1% 40 10% 40 27 24% 22%, 14 1% ks 8 1 314 Net Chge. AL T AR AR AN + 24 B o [ S 7 1 3 4 1 —1831— High. Low. 101 50 12% L 26% 1 17T 8% 6% 1% Stock Utd Prof Un Shoe Low. Close. 65 67 L) Stock and dividend. Stan Pow & Lt pt(7). Starrett Corp. . . Starrett Corp pf.. 2% 2% 2% Stein(A) & Co (1.60). B B . 8l Stinnes (HUgo)........ 1 1 Stutz Motor Car. 12% 13% Sun Investing. . 14 1% unray Oil. ..., L] el Swan Finch Oil pf... 15 15 Swift & Co new (2). 18k 18% Swift Internat’l (14).. 22 22 Swiss Am ; 40 4% yracuse Wash Mch(B). 3 ¥1v Gold Mine Ltd (4c) . Taggart Corporation. . Tastyeast, Inc.. . Technicolor Inc. . Tech Hughes (60c) . . Tenn El Pw 1st pf(7) Texon Oil & Land (1) Tobacco&Allied Stk: Tob Prod of Del wi. “vodd Shpyard (2). Trans Air Trans Trans Lux D L P Tri-contin'l Corp war Tri-Utllities. . Tublze Chatel, B Tung Sol Lamp (1) Ungerletder Fin Corp Unit Amer Utilities. Un Gas of Canada(1). Union OiFAssoc (2)... Unit Car Fast (40c) Unit Chem pt pf (2) Unit Corp wai Unit Dry Dock Unit Founders. Utd Gas Corpn 13 Unit Gas Corp war. nited Gas pf (7). ..... td Light & Pwr A(1).. 35% Utd Light & Pwr pf (6). S Unit Milk Prod...... % United Profit Sharing. . Righ. 67 % Elec S Fin 1 S Foil S Inte ¥ Unit Fldt+ 1 ++ 1+ 4 Univers: 1 + Util ity Il + Wwaitt & Walker Welch ¢ Wenden we 1% 619 33% 12% B Wil-low Woolwt Wright 44 Dividend rates 1 annual payment a Payable in cash or s dend. fPlus 5% iu stock. JPlus 2% In ock.” n Plus & 33 & Interntl Sec tores v.t.c..... Unit Verde Exten (1) Utah Pwr&Lt pf (7) Utica G&Elec pf ( Utility Pow & Lt pf (7). Utility & Ind.. B Utility & Ind pf(1%) Ttiiity Bauites ey Utility Equity pf (5%). Van Camp Pack........ van Camp Packing pf.. Venezuela Petroleum Vick Financial (30c). . Walgreen Co ern Md pf. W Va Coal & Coke Wil-Low Cafeterfas. “Ex-dividend. in stock. mieh. | (] and dividend. fit & Shar pf (1). Mach (315) Dairy (A) (6) Power ww. 5 Elec Pwr (war) Holding. .. Co B (50¢). r Sec 1st pf. ing Card (2%) 1+ + al Pictures. . 100 34 61% 2% 10% 2% Pwr&Lt(b10% ). A +1 B.A2).. 2% 35% & 26% % 2% 17% 8% 2% H (250).... irape Juice (1) Covper. T e Cafe pf (4) NFWLtd 29 Hargra (12 ge) 2% RIGHTS—EXPIRE, Com Edison Feb 1 5 1% Pub Sve N 11l 1% M 1% ...Feb 1 1% 1% -1 n dollars based on last quarterly or semi- Partly extra. 3Plus 4% in stock. b Payable in stock e Adjustment divi- gPlus 6% in stock. hPlus 1% in k Plus .0% In stock m Plus 3% i D Paid last year—no regular rate. tock. stock. stock. COTTON ENDS WEEK WITH STEADY TONE Active Positions Close Saturday Trading Generally 1 to 6 Points Higher, Committee Head INSTITUTE MAKES PLANS FOR BANQUET. By the Assoclated Press. . NEW YORK, January 16.—An irregu- lar opening in cotton today was fol- | lowed by rallies on a renewal of trade | buying and covering, promoted by re- | ports of a firm basls in the South, and a rally in wheat. | March contracts, after selling off | from 671 to 666 during the early trading. advanced to 6.74, and closed | at 6.73. The general market closed very steady at a net decline of 3 points | on October, but generally 1 to 6 points higher on 'active positions. | The opening was steady at an ad- | vance of 3 points to a decline of 1| point. Orders seemed to be pretty | evenly divided, but there was some trade price fixing in the near months, while the relatively easy showing of | | the later deliveries was attributed to | some Southern selling and liquidation. | The trade demand seemed less active | than recently, and prices worked off | during the middle of & morning | under moderate offerings, which prob- ably included some realizing or liqui- | dation and local selling on the easier | I J. ROBERTS, BaDERWOD DOMESTIC TRADE LESS FAVORABLE Commerce Department Re- views Situation at Home Ending January 9. | By the Associated Press. Domestic business conditions grew less favorable during the week ended January 9, as the change was calcu- lated by the Commerce Department in | its weekly summary of conditions at home and abroad. | Bank debits outside New York City ncreased over the previous holiday | week, hut were under the same week last year. Loans and discounts of Fed- | eral Reserve member banks showed a | fractional decline from the previous | period. "Interest rates on call money }declmed. Time money rates increased over the preceding period, reaching the | highest level since the opening of No- | veraber, when the same average rate was recorded. Average prices of representative | stocks continued to decline. The av- tone of the stock market. | Assistant cashier of the Riggs National May sold off to 6.81, while July de-, Bank, was yesterday appointed chair- clined from 7.4 to 6.98, making net|man of the American Institute of Bank losses of about 2 to 8 points on the |ing's group to arrange for the annual active positions, but the offerings were | dinner, to be held at the Willard in not heavy, and prices rallied in the | February. He is a former president of late trading on covering or rebuying | Washington Chapter and is one of the by some of the early sellers. There | organization’s most active workers. M et oo o o the : ‘and closing prices were within 'a BANKS IN FRONT ROYAL | HOLD ANNUAL ELECTIONS 7.05. and closing prices were within a Dr. R. T. Creasy Heads Citizens’ point or two of the best. The late rally in the morning was and E. H. Jackson Is President of Warren Institution. accompanied by reports of a firm spot basis in some of the Eastern markets, and may have been encouraged by the rally in’the grain market. There was comment on reports of large sales in | the cotton goods market, particularly |- of print cloth constructions, during the week, but the day’s fluctuations seemed erage price of 40 leading bonds rose | over the previous week, but was still under this time last year. Business ailures, as reported by R. G. Dun Co., increased over the previous holiday week, but were under the corresponding | week in 1931, even after corrections for number of business days are made. Wholesale prices, as indicated by the composite index of 120 leading com- modities, continued the general.decline which has been under way during the past several months. Prices of agricul- tural products decreased by 2.6 per cent | from the preceding week, and non- | agriculturai. prices declined by 0.9 per | cent. The price of cotton middling rose from the preceding week, reaching the highest level since the opening weeks of November, but the price of electro- Iytic copper declined. The composite {to be largely a result of technical re. | SPecial Dispatch to The Star. adjustments for the week end, except | | for the moderate Southern selling The annual stockholders’ meeting of trade demand the Citizens' National Bank lted Liverpool cables said that trade call- ! "¢ el it Sl L ing in that market had been supplied |in 8ppointing the following directors: | % by hedge selling and liquidation, but |W. C. Carter, O. R. Bowen, J. G. Tapp, 3 reported improved cloth and yarn sales | G. O. Leach, J. F. Purcell, R. T. Burts- to the British home trade. Cotton on shipboard at United States ports await- | i¢ld, T. 8. Duncan, G. W. Duncan, Wil- ing clearance at the end of the week | liam Robinson, ‘R. T. Creasy, W. C. was estimated at 216,000 bales, against| Weaver, jr.. R. W. Payne and B. S. 108,000 last year. Atwood. ‘The directors elected the fol- lowing officers: Dr. R. T. Creasy, pres- ident: R. W. Burtsfield, vice presiden G. W. Duncan, vice president; J. G. Tapp, chairman of the board; E. K 6 | Davis, cashier, and H. O. Miller, as- - sistant _cashier. . - The annual meeting of the stock- ; . holders of the Bank of W re- Woman in Court 258 Times. R eiecbiont AL Le o Isulted in the re-election of 2l the old Mary J. Gourley of Belfast, Ireland, | directors_as follows: G. C. Ramsey, told the court she “never had a home” | W. W. Sonner. B J. Hillidge, I H. when she was fined after arraignment Trout, O. W. Borden, C. E. Strother, | the two hundred and fifty-eighth time | DI L. F Hansbrough, Dr Orville Van for drunkenness Y 4 % v i January March Dusen, John H. Downing and E. E. | Jackson The directors elected the following | officers: E. H. Jackson, president; W. W. Sonner, vice president; M. B. | Turner, cashier; W. E. Collins, teller, |and S."C. Payne, teller. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) Bid Offer Allis-Chalmers Co. 5s_ 1937 83 American Chain Co. 65 1933 American Tel. & Tel. 5'as 1943 Amer. Wat. Wks. & EI. s 1034 altimore & Ohio 4lzs 1933 way Co. 65 1936 (Standard Statistics Co., N. Y.) NEW YORK, January 16 (£).—Of the 4| 26 important commodities in the fol- 1+ | lowing table, 6 are higher in price than y, | last week, 12 are lower and 8 remain | unchanged. One of the items is at its high for 1931-32, while five are at their lows. This Bethlehem Steel Corp. Unit. week. v. 4125 193 Chi £ 1 . cream'y, X 3 ke, greamiy, © $ Chicago Rock Is'and 4s 1934 71 LAl Cleve. Lor. & Wheeling e N Colorado & ‘So. Rwy. 4l.s 1935 T R, ommercial Credit Co, 5 1 g | Delaware & Hu Cottonseed oil.” bleach | Denves & Bl zon 0o Gen. Mot Accep. Corp. 6s General Petroleum Corp. 55 1940 General Public Service 5'2s 1939 Grand Trunk of Canada 6s 1936 Houston E. & W. Texas 5s 1933 Humble Oil 5t5s 1932.. Laclede Gas Light Co. 55 1934 Louisyille & Nashville 55 1937 New York Cent. & H. 4s 1934 New York. Chi. & St. L. 6s 1932 Northwestern Telep. 41as 1934, Penna. R._R. Co. 65 1936 | Portland General Elec. 5s 1935 Republic Tron & Steel 5s 1940 | Sinclair Crude O1l Co. 51,5 1938 Southern_Pacific 55 1934 | St. L. IM.S. Ry. R. & G. 45 1933 Union Elec. Lt. & Pow. 55 1933 Union Oil Co. of Calif. 5s 1935 Virginia’ Rwy. & Power 55 1934 | wabash Rwy. Co. 55 1939...... 8914 100 able o0 corn Eggs. Flour, Hides, No.' 2 vellow fresh firsts Spring patent native steer Hogs, 140 pounds. Lead. pig Linseed ol Petroleum, Okla Rosin. B Rubber, plantation.... Lb Rve. No. 2 Western. .. Bu Silk Cr. double extra. Lb. Silver ... ..., Lb Steel bars Sugar, raw Tin, straits Turpentine. car Wheat, hard K. G, Wool, Terr. fine, Bost car’ lots 32 de.Bbl Bbl. Pittsburgh. Lb. 2.5 Lb ot Winter | | 58 034212 STOCCK AND BOND AVERAGES By the Associated Press. SATURDAY, JANUARY 16. STOCKS. 50 20 20 Industrials, Rails. Utilitles. 5 Todny e et . 67 38.9 103.9 T Previous day. .. 68.7 39.8 8 | | Week ago 64.5 353 X el Month ago. 61.6 g N | Year ago..... .120.7 98. ¢ 3 Three years ago 208.6 . 0| | Five years ago. 107.5 5 High, 1931-32. L1402 Low, 1931-32... 58.0 High, 1930...... .202.4 Low, 1930 112.9 High, 1929. .252.8 i g Low, 1929 1413 g % | 1 BONDS. 29 | Industrizls. i Utilities. .. 692 848 69.7 846 67.6 837 636 812 89.1 99.7 92,6 985 3 99.6 90.4 1015 62.3 80.2 949 1014 833 96.6 95.3 106.0 99.8 S 90.4 1008 96.0 (Copyright. 1932, Standard Statistics Co.) Today. . ; Previous day Week 2go... Month ago.. Year ago. . Two years ago Three years ago. High, 1931-32 Low, 1931-32 High, 1930 Low, 1930 High, 1929 ‘Low, 1929 103.8 105.3 104.9 105.7 62.3 109.8 91.3 FRONT ROYAL, Va, January 16— | Super of ‘Am Tr G': iron and steel price remained the same | as for the previous week. INVESTMENT TRUSTS NEW YORK, January 16 (#).—Over- the-counter market: A B CTr Shrs A B C Tr Shrs Am & Gen Sec Am & Gen S:c B.. .. Am & Gen Sec 33 'pf Am Br & Con 67 pf. Am Comp Tr Shrs, Am Fdrs 67 pf Am Pdrs 1% pf. . | Am Fdrs cv’pt ctis”. Am Ins Stocks ... | Assoc Stand Ol | At Sec bt | Atl Sec “war | Atl & Pac Int units . Atl & Pac Com ww Atl & Pac pf war Bankers Nat Inv.. Bansicilla Corp sic_Indu; | British Type Inv. | Central Nat Corp . Centry Tr Shrs Central Nat Corp Chain & Gen Equities Chartered Invest 3 Chartered Invest pf | Chelsea Exch A | Chelsea Exch B ... Cumulative Tr Sh | Corporate Trust Corporate Trust A Corporate Tr Accum Serv Crum & Foster Crum & Fost Crum & Fost Ins o Crum & Fost Ins 7 pf..ll Depos Bk Shrs N Y, Depos Bk Sh N Y A" | Depos Int Shrs *A Diversified Tr A Diversified Tr B Diversificd Tr C Diversified Tr D | Equit | Eauit | Equity Tru | Five Yea | Fixed Trust Sh A.. | Pix ust Sh B | Fund Tr Shrs A | Fund Tr Shrs B Granger Trade .. . .} Gude Winmill Trad e Siioagaty 33 2R8388 wl-Bwion oe Am B Int Sec Am 67 p!{ Int Sec Am 615> pf Inv Tr N Y Coll “A’ Invest Trustee Sh Leaders of Indust A Leaders of Indust B.. Leaders of Indust G Low Priced Shrs Major Gorp Shrs Mass Invest Tr... Mutual Inv Tr A Mutual Manage Nation Wide Sec at] Indust Shrs Tr Sh 1955 am Tr Sh 1956 thern Secur il Shares units 1d Col Inv Tr 1st pt. Secuu Tatp Gen 36 pf Selected Am Sh Selcc_Cumulative ‘Shrs Selected Income Sh Selectea Manare Trust Shawmut_Bank Spencer Trask Fund . Stand All Am_T: Stand Am Tr Shrs ", o RN SERERE, Stand Collat Trust State Street Invest Super of Am Tr A Super of Am Tr B. £ Super of Am Tr D | Trust Sbrs of Am Trustee Stand Inv G. Trustee Stand Inv D Trustee St Oil A N Trustee St Qil Shrs B Trusteed N Y C Bank Trusteed Am Bk Sh . Tr Am Bk A 20th Cent Fixed Tr . Two Year Trust 8h . United Fixed Shrs Unit Fdrs 1-70 Com United Ins Shrs Dnited Bank T 0 rit Int Ltd A US & Brit Int 13 pf US Elec Lt & Pow : US Elec Lt & Pow “B". Universal Tr Sh B8 o @l S "\ S5 % 2 ¥uor wans LY PSRN e 2%, For saving another boy from drown- ing after he had fallen gut of a vaxenl. 14-year-old William Robinson of St. 's Lifel ' the Prince of Wales, ' l‘lMd o . A

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