Evening Star Newspaper, December 1, 1932, Page 15

FINANCIAL, B LT ADD Y STEADER TNE Pressure on Rail Issues BOND THE EVENING STAR, WASHINGTON, D. C., THURSDAY, DECEMBER 1, 1932. “N. Y. CURB MARKET ON NEW YO STOCK EXCHAN; by Private Wire Direct to The Star Office. UNITED STATES. (Bales are in $1.000.) High. Lib 3% s 32-47.... Lib 1st 4% s 32-47 Lib 4th 43 s 33-38 U S3s61-55 Eases Despite Small JUs3ksis- Recession. ecial Dispatch to The Star. NEW YORK, December 1.—The re- ery in sterling exchange and the jposition to discount somewhat the tish note to be published Friday bave a better tone today to the foreign Eroup of bonds that had been heavy most of the week. United Kingdom 5iis rallied 1 lpoints, which brought them up 3 poin! rom their recent low. Australian 4138 nd 5s were from 1% to 21 points Ihigher, while City of Sydney 515s rose 3 Fiench 7'%s gained fraction- . Italicn 7s touched 99, the best Ip in scme time. In contrast with [these quotations there was heaviness in Japsneee Gs, which lost 2 points, al- though scme of the Japanese munici- pals and public utilities were stronger. Less Pressure Seen. re was less pressure against the | railroad bor?ds as a whole, but n quite sharp declines in individual issues. New, York Central 4!gs lost nearly » point and the refunding 5s over 2 points. Small declines occurred Rock Island, Erfe, Missouri Pacific, hany Corporation and Baltimore & Ohlo issues. Pennsylvania 5s ad- vanced 1% points, and Great Northern Js & fraction. ¥ & There was further liquidation in In- I rnational Telephone & Telegraph 4125 | nd 5s, which have been under pressuce or some time. Studebaker 6s were fheavy, Western Union 5s lost & poi. and slight reverses occurred in a few of the oil company hond: General Motor: 6s, which are to be S A reary I at 102, were quoted . The redemption of these bonds will take out of the market one of its most stable short-term corpora- ssues. m‘?h‘e high-grade public utilities were quiet, with demand for them insistent but. the supply small. Under normal ci tances this condition would re- sult in additional offerings of new securities of this type, but with litile construction being engaged in there is not much occasion for refinancing. Stronger in Afternoon. Bonds were steadier in the afternoon. There was a good recovery in Baltimore & Ohio 4':5 of 1960, which were up | nearly 2 points, and the first 4s re- gained a point after losing 313 points Wednesday. Pressed Steel 5s rose 2 points and Erie 55 1% points. The Australian loans were the strong- est in the foreign department, with the 418 gaining 3 points and New South Wales 55 up 3% points. German 53is advanced nearly a point. Further gains occurred in the Japanese public utilities. There wes slight decline in the dis- count Treasury bonds, the rest of the Government list showing little change. (Copyright, 1932.) — DIVIDEND DECLARED NEW YORK, December 1 (). —Amer- jcan Coal Co. of Allegany County, whose lants sre in West Virginia and Mary- &nd. today declared a dividend of $1 a share, payable January 8 to stock of record December 14. In June of this year the dividend was omitted. PARIS EXCHANGE RATES. PARIS, December 1 (#).—Three per | cent rentes, 77 tran;s 45 oeé-iumes; 4% | nt rentes, 93;francs 62 centimes. | %nfle :;n fimdm. 82, ftancs 38 | centimes. The dollar was quoted at 25 francs 57! centimes. CHICAGO POTATO MARKET. CHICAGO, December 1 (#) (United States Department of Agriculture) — Potatoss, 70; on track, 209; total United shipment, 531; dull, trading slow; russet rurals, 70a72}2; Colo- round whites, 6713a7214; ‘McClures, 1.00a1.15; Idaho rus- 1.10a1.20. RS R S, Washington Stock Exchange SALES. Capital Traction Co.—10 at 43, 10 at Washington Gas 6s “A"—$1,000 at 100, $1,000 at 100, $1,000 at 100, $500 at 100. Potomac Electric 6% pfd.—S5 at 111. Capital Traction Co.—10 at 4%, 10 at 4%, 10 at 4%, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & Tel 4728 '30. . Am. Tel & Tel ctl. ir. b Anacostis & Poi. R, R 5. Poto Washington Gas 4'2s. Washington Gas te.. Wash. Gas 6s, series ash. series B 28 Wash. Rwy. & Elec. 45,0 80 MISCELLANEOUS. Barber & Ross, Inc, 64s : y Chase Club 8ias Columbia Country Club D, C Paper Mg s .. Wash. Mkt. Cold Storese’ 5s.. PUBLIC UTILITY. N LAY e ¢tion Co 2 1003 Amer. T:l. Capital Wash. Gas L N. & W. Steam Pot. Elec. Power Pot. Elec. Fwr. 5lzo Wash. Rwy. & Elec. com . Wash. Rwy. & Elec. pid. (5).. % The following figures are not bids, but merely reprfient minimum prices fixed by the Washington Stock Exchange. NATIONAL BANK. Capital (8) g Gowmbie (119! % ommercial (%tamped) trice (5) : .-Amer. Nati Bk. & Tr. BETty (7). ...... ‘TRUST COMPANY. & Tr. Co. (15 v. & Tr. (128), . Prince Géorges BK. & T nion Trust (85) g Wash. Loan & Tr. (14) SAVINGS BANK. Bank of Bethesda (6%) Com. & ashington East Washington (1 Potomac (10) TITLE INSURANCE. bia (6h) . . 5 Estate (6h) MISCELLANEOUS. rage (55).. Wa. Corp. US3%s M4l US3y US3%s43-47. US3%s46-56. US 4s 44-5¢ US 448 47-52. Abitibi P&P 5s'53. Ab&St534s’43. .. ‘Adams Exp 4s'48.. Alleghany 55 '44. Alleghany Alleghany 5 Allis-Chalm §s ‘Am Beet Sug 6s '35 Am Chain db 6s'33. AmF P 582030 AmIGCh5%s'4 Am Intl 5s* Am Metal 5%s Am Sm&Ref 58 '47. Am Sug Ref 68'37. Am T&T 4%s '3 Am T&T o tr 55°46. Am T&T deb 55 °60. ‘Am T&T deb 55 65. Am T&T 5%s'4 Am Wat Wks 5s" Am Wat Wks Argentine 515562, Argent 68 '61 May., Argentine 65’59 Ju Argentine 68 A 'S5 Argentine 6s B '58. Arm & Co 4%8'39.. Arm Del 534843, Assoc Oil 65 '35 Atchis 45 1905 AU CL st ds Atl Gulf& Wl Australia 41 Australia Au: Aus 43, Austrian 7s '57. B & O 1st 4548 B&O4%s'33 B&O4%s'60 B & Oret 559 B & O rf 53 D 20 B&OTrf6sC'95 B&OP&WYV 4s'41 B & O Swdv Belgium 6s " . Belgium 635 '49... Berlin 6168°50. ... Berlin Cy El 6855, Berlin C E1 6% 8’51, Beth Stl pm 55 '36.. Beth Stlrf 58 '42. Bolivia 7858 Brazil 8s 41 Bremen 7s '35 Bklyn Ed 5s A Budapest 68’62 Buenos AR 6861 Bush Ter con 58 Bush T Bldg 55'60. Canada 4s "6/ t Ry 4148'57 t4% '68.... Can Nat Ry 4% s'55 Can Nat 65’69 Oct. Can Nat 5s°70 Can Nor 435" Can Nor deb 7s* Can Pacdb 4s. . | Can Pac 415546, Can Pac 41560 Can Pac 58 '44 ctf: Car Clin & O 6s '52. Cent 111 E&G 5s 51 Cent Pac 1st 4849, Cent Pac 55'60. Ches Corp 55 "47. C&Ogen 4148'92. C&O4%sB’95... C &0 con 5s CB&Q4%s’77. CB&Q Il 45°49. Chi Ind&L gn 55'66 Chi Ind&L gn 6566 C M & StP gn 4s'89. Chi M&StP 4% s E. C M StP&P 58’75 cM& 5 40-43., 1 Low. | 101 26 101 28 1025 1027 10315 10316 9611 9611 97 22 1015 1016 10i6 1016 100 21 100 21 1024 1024 103 25 108 25 107 29 10729 Bllezl. High. Low. 13 10 2 27 13 10 8 5 22 1 Chi & Est I11 55’51, 27 Chi Grt West 4s'59 12 5 1 15 Chi& NW 4%5'49. 68 Chi&NW rf 552037 10 Chi RI&P gn 45’88, 3 Chi RI&P rf 48 '34. 34 ChiRI&P4%s52 b ChiRI41%8'60.... 6 ChiUn Sta 4%s'63 3 C& W Ind5%s62. 10 Childs deb 55°43... 3 Chile 65°60. Chile 65°61. Chile 6561 J; Chile 65°63. Chile 7s'42. Chile Cop db 55 '47. Chile Mtg Bk 6s°61 Chl Mtg Bk 633’57 38 Chl Mtg Bk 6%s'61 2 Chin GvtRy 6s'51.. 20 Cin Un Trm 55 2020 6 10i% CCC&St L 4%sE'TT 10 CCC&StL5sD63, 1 Clev Term 4= .11 Clev Ter 5%5A'72., 1 Cologne $135'50... 1 Colomb 6561 Jan.. 5§ Colomb 65’61 Oct.. 14 Colo& Sou4%s'35 b 14%s'80 1 s '52 May 20 Col Gas & E 5s Con Pwr Jap 6% Consum Pow 6s 52, 12 105 Copenhag 58 '62. 3 69y Cuba 53545 38% Cuba Nor 5%s8 "4 22% Del & Hud 5%s°37. 7 924 Denmark 4%8°'62.. 6 Denmark 5%8'55.. 19 Denmark 6s '42.... 23 D& RGren4s'36.. D&RGW6s . 9 D&RGW5s 6 DetEd43%sD'61.. 2 Dodge Bros 6s'40.. 19 T Duquesne 43 A'67 21 103! Dutch East16s'47. 8 99% Dutch East 165762, 3 99% Fl Salvador 85 '48.. Erie gen 4s'96. . Erleref b Erloref 6 Fiatdeb 7s " Finland 7 F French G Gelsenk’hen 6s . Gen Baking 5840 Gen Motors 68 '37 1 n St Cas H¥%s'49. Gen Th Eq 6s°40... Ger Cent Bk 65'38. 18 Ger Cen Bk 65’60 J 37 Ger Cen Bk 65860 0 42 Ger Cen Bk 78°50.. 31 Ger Gen Elec 6s Ger Gov 53565 German 6338'60... 5 German Rep 78 '49. 19 GoodHopeS&1 7845 1 Goodrich 6s 45 2 Goodrich 6%48'47.. 1 | Goodyr Rub 5' . 15 Grand Trunk 65’36 11 | Grand Trunk 7s'40 87 Grt Nor 4%sD . Grt Nor 5sC'78... vGl’( Nor 51%s B '52. | Grt Nor gn7s'36.. 33 Hudson Coal 5562, 1 Hud & M ad; 58'57. 18 Hud & M rf 58 57,29 Humble Ol1 5537, 1 102% Hungary T%s"41.. 7 36% 13 80% 102% 102% Sales. High, Il Centet tr 48’52, 1 59% 101 Cent rf 45'55.... 4 B4% 111 Cent 4% '66. 111 CCStL&N 434s.. 111 CCStL&N S A. . 111 Steel db 4348'40. Int Rap Trrf 5566 Int Rap Tr7s'32... Int Cement 58 '48 Int & Gt Nor 65’52, Int& G Naj6s'52.. Int Hydro El 65'44. Int Pap ref 58 A'47. I Pap 65'55....., Int Tel&T 414839, IntT& T 4%s'52 IntT&T 5s'55 Italy 7s°51. Close. 13 n City n G&E 415 '80 Karstadt 65’4 Kend Kres Kreug & Toll5s'59. Lack St158 A'50... Laclede Gas 5s'34. Laclede 5148 C'53. Lautaro Nit 6s°54. Lig & Myers 55 '51. Loew's 6s "4 Lorillard 55 '51. Lorillard 7s'44. Lou G & El 5s A’ L &N 43%sC2003 McKes & R 53%5'50. S MK&TSSA Mo Pac gn 4 Mo Pacrfis A’ Mobile-Ohio 55 Mont Pwr 5s A’ Mont Pow 55 '43. Y Crfbs 20 ¢ Cent b 65 '35. NYCLS 3%s'98. C&StL 1st NY 48’49 NH&H 415867 NH&H clt 65'40 NH&H 6548 .. O&W gn 4s O&W rf 45°92, . NY Rys Inc 6s'65. . Y Tel gn 415539 0 North Am Co 5s Nor Am Ed 58 C'69. Nor AmE 5%s'63. N Ger Lloyd 654 NorO T & LL 6= Nor Pac gn 3s 2047, Nor Pac 45 '97. .. or Pac 44s 2047.. Nor Pac r{ 65 2047. T St Pw 5s A '41. Norway 5165 "65. Norway 6s '43 orway 6s°44 Norway 68 '52 Ore Sh LL 5 gtd '46. Orez-Wash 4s8°61. . Orient Dev 5%s 58 Orient Dev 6s ‘53 Pac GRE 584 Pac T&T 1st b Pac T&T rf bs Pan Am Pet 65°40.. Paramount s Param-Pub 53%5s'50 Paris Or 538 '68. Penn 4%s D '81 Penn gn 4% s 10214 105' 106% 35% Penn 55 '64. Penn gen 53 '68 Penn 6% 536 Penn P&L 414581, Peop Gas ref 55 '47, Pere M 1st 45 '56 Pere M 1st 555 Peru 65°60. Peru 6561, Peru 7559 Phila Co 556 Phila Elec 45 '71. .. Phila & Read 649 Philippine R 45 '37. Phiilip Pet 5% 539 P& WV 41%sC'60., Poland 6s Poland 7s *47. Poland 8s’50. Pos Tel & C5s'53.. Press St] Car §s "33 Prussia 6s Public Serv 4s'71.., PubSv G 4%s"6’ PubSvG4 Pure Oil 5148 Pure O11 5% 40 Queensland 6s Queensland Rem Arms 6s 4 '37. Rem R 51 sA'4Tww Rhinelbe U 7s46. ., Rhine West 65 °55. Rhine West 75 “50.. Rich Oil Cal 6s'44. R Gr Do Sul 88°46.. Rio Gr W 1st 4539, Rio Gr W clt 45’49, 4. Rymania 7s StL IM R&G St L&SF 4s A St L&SF 55 B StL&SF 4%s St P Un Dep 557 San A & A P 4s'4 Sa0 Pau 75 '40. Sinc P L 5 Skelly Oi1 SW Bell T 5 Sou Pac col 4 Sou Pac rf 4555 Sou Pac 414568 SouP 43569 Ww Sou Pac 4%s'81... Sou P&OT 41;8A’T7 Sou Ry gn 4s A’56.. Sou Ry 5594 . Seu Ry gn 6s '56 Sou Ry 6%5'66.... Sou Ry M&O 4s'38. StOil N J 58 '46. StOil N Y 4348 '51. Studebaker 65 '42. . Sweden 5% '54. .. 48 | Taiwan E P 514s'71 56% | Tenn Cop 65 B'44.. 40% | Tenn E1 P 6s A '47. 12 49 | Ter As St L bs'44. 80% TexCorp 44,1 84 Tex&] 000, 10 36% Tex&P5sC 2 9814 8915 43% | alities. CURB PRICES UP AT SESSION'S END Rally Laid to Technical Con- ditions Rather Than Trade News. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, December 1.—Curb Ex- change stocks closed higher today. The rally resulted from technical condi- tions ratber than afternoon news de- velopments. Trading remained light as prices advanced.* Electric Bond & Share made & modest gain. Standard Oil of Indiana was a trifle firmer. Cities Service was steady. A. O. Smith Corporation was up more than & half point. Just preceding the rally, however, North American Light & Power 6 per cent preferred broke 21 points to a new low level. Bickford's likewise reached a new low. Trade Reports Mixed. Retai] trade reports were mixed. The gain in October gold output over the previous month caused the gold shares to stir, but brought no important price moves in the first three hours. Further gasoline price reductions came just at a time when the petroleum industry is discussing further curtailment of oil production and of refining operations. Axton Fisher Tobacco A with a rise of 5 points reached a new peak for the year. Other tobacco securities, however, were inactive. American Laundry Machinery was down a point. American Cyanamid B | was active, but virtually unchanged, | following the announcement that Calco | Chemical Co., a subsidiary, had acquired control of the Noil Chemical & Coler Works, Inc. Pan-American Airways pointed fractionally higher. | Air Contracts Let. Pan-American Airways announced that it had let two contracts for com- plete engineering work for planes cap- able of flying any important trade route on any ocean with a pay load. The company started to investigate possibilities of ocean air transport two years ago. Pittsburgh Plate Glass eased on & few offerings. Babcock & Wilcox was down about 2 points. Federated Metals improved as further details came out about its acquisition by American Smelting. Food shares again lagged. (Copyright, 1932.) Grain Market Recetved by Private Wire Stock and Sale— Dividend Rate. Add 00. High. Low. Close. Acme Wirevte.... 1 6 6 6 Aluminum of Amer500s 47 42% Alum Co Am pf (3) 60s 374 37% AmCitiesP&ELB.. 5 3% 3% Am ComwithPwA. 2 Am Cyanamid B... 17 1 Am Founders. . Am Gas & El (31) 2 Am Laun Mch 1.20.150e Am Superpower 53 Am Super 1st pf 6., Am Ut & G B vte. Anchor Post Fenc Arkansas Nt Gs A. Ark Nat Gas pf. Asso Gas & Electric A Asso Tel Utilities Al Atlas Util pt A (3). Axton Fish A 3.20.. Babcox&Wilcox(2) 150: Benef Ind Loan 1% Bickford's Inc (1).. Blue Ridge.... BrasilianT,L&P., Brill A ‘ Buff N&E pf (1.60). Canadian Marcont. Cent Pub Svc A. Cent Pub Sve (4 Cent States Elec. . Chief Consol Min. Citles Service Cities Service pf. Clev Elec Illu 1.60., Clev El Illu pt (6).. 108 Cleve Tractor. . 6 Clinchfield Coal.... 1 Col G & Ecv pf (5).15s8 Col Of1 & Gas vte... 1 Comwith & Sou war 8 CAMCoctfs.....: 19 Cons Gas Balt 3.60. 5 Cord Corp 210 Creole Pet Crocker Wheeler-. . Crown Cork Intl A. Deere & Co De Forest Radlo. Dou Shoe pf... 2 Duval Tex Sulphur. leum > 1 1 8 s 4 Eastn States Power 1 Eisler Elec Corp... 8 B Bd & Share b6% 307 ElBd & Sharepf6. 4 Elec Pwr Asso(60c) 1 Elec Pwr As(A)60c 9 Elec Share pf ww.. 3 BmpireG&F 7%..1008 Federated Metals.. 8 7isk Rubber (new) 2 Ford M Ltd. 4 General Alloys 1 General Aviation. 4 Gen G&Ecv pfB h6. 508 Gold Seal El new... 7 Goldfield Consol. 10 Goldman Sachs. 8 Gorham v.t.c. (1). i Gorham Inc pf.... 100s Great A & P n-v(17) 108 CHICAGO, December 1 (). —Relieved, at least temporarily, from haunting fear | of a huge amount of December liquida- | tion, all grains developed buoyancy to- | day. | Aggressive buying resulted from the fact that only comparatively moderate amounts of wheat and other cereals | were delivered today to traders who had | not evened up their accounts in advance to prepare for 1st-of-the-month eventu- Official reports showed that ad- vance adjustments of the December open interest in wheat yesterday pere extra large, totaling 10,175,000 bushels, and that the total open interest here was now less than 14,000,000 bushels. After a_maximum jump of 3 cents a bushel, wheat closed firm, 1a27; above yesterday’s finish; corn, 13a2% up; oats, 3;a7; advanced, and provisions, unchanged to a rise of 7 cents. WHEAT— Open. Hish. Low. . NEW PROTECTIVE BODY Special Dispatch to The Star. BALTIMORE, December 1.— A see- ond committee for protection of United Railways & Electric Co. bondholders has been announced, this one for hold- ers of income bonds. It is headed by Frank B. Cahn of Frank B. Cahn & Co.,, and includes E. Asbury Davis, pres- ident of the United States Pidelity & Guaranty Co.; W. W. Lanahan of W. iW. Lanahan & Co.; Sifford Paerre, vice presideni of the Equitable Trust Co.; Julian 8. Stein of Stein Bros. & Boyce, end L. 8. Zimmerman, vice president of the Maryland Trust Co. The deposi- taries are the Equitable and the Mary-~ land Trust Cos. and Simon J. Bloc is serving as secretary. Mr. Cahn sald that his committee was in no way an- tagonistic to the Baetjer Committee, of the income bond holders. * So far there has been no committee organized for holders of the funding 5s, due in 1936, of which $3,920,000 are said to be outstanding and upon which interest is due next month. WHOLESALE COMMODITY PRICES UP SLIGHTLY By the Assoclated Press. ‘Wholesale commodity prices showed a slight rise during the week ended No- vember 26 as the change was calculated from & list selected by the Commerce Department. In the table that follows ou representing 1926 levels as 100. In addition, the price of a ton of composite steel is given for like periods. All Commodities. Steel. 0. $28.91 28.92 Week ended Nov. 26 Previous week. Same week last vt Low. Close. | 40 40 95 95 424 30% 1011 les. High. Third Avrf4s’60.. 11 41 Tob P NJ 614 Tokio 51 s Tokio El Lt 65 " Ttil Pw s Ttil Pow 5% '47.. Vienna s Va E1&Pwr 5 VaRy 1st55 A Va Ry & Pw 55 '34. ‘Wabash 4%s'78 ‘Wabash 55 B'76. Wabash 5s D’80... Wabash 5%s°75... Walworth 6s A "45. ‘Warn Br Pic 6s'39. Warn Quin 6s°39.. Warsaw 7s '58. West Eldb 55 '44.. West Md 1st 4s '52. West Md 5%s'77.. ‘West Pac 58 A *46. . West Un cl tr 55’38 West Union 58’51, West Un 6%5'36.. Westphalia 6 '53. . ‘Wh Sew Mch 65 40. Wil & Co 1st 68’41, Yokohama 68 '61... “Ygstn B&T s A'7T8. 4% 5% 5% 5 25% but will represent solely the interests Gt A & P Tea pf (7) 50s Gulf Oilof Pa..... Hecla Mining Hayden Chem (1).. Hudson Bay Min. . Ind Terr 111 01 A 1 Ind P&L cu pf 63%.. 508 InsCoN Am (2)... 2 Intercont Pete..... 1 IntHy E1Scpf 3% 758 Int Petrol (1)..... 6 Interstate Equities 2 Interstate Eqcv pf. 1 Italian Superpw A. 1 Kelly Spring Tnew 1 Kolster-Br Amsh.. 1 Lake Shore Min(13) 30 Lakey Fdy & Mch.. 1 Direct to The Star Office. Stock and Sale— Dividend Rate. Add 00. Lion Oil & Refin...; 2 Long Isl Lt pf (7).. 208 77 LongILempf B6.126s 71 Louisiana L & Ex. 13 McCord Radiat B Mangel Stores. ...« High. Low. Closes 2% ™ 2% - n n ] - w & FRMIEF % FEERWFER o Nat Bellas . NatFuel Gas (1).. 2 Nat Pw&Lt pf (6). 1008 Nat Service........ 2 Nat Unfon Radlfo... 1 New Mex & A Lnd. Newmont Mining.. 2 N Y Tel pf (6%)...1008 Niag Hud Pwr 1.3/ North Am Lt&Pw: Nor Central Tex: Ohio Copper..... Pac G&E 1st pf 1% Pan Am Alrway: Paramount Motor: Parke Davis t1.30.. Penroad Corp...... Pepperell Mfg Co Petrol Corp war. .. Phil Morris Inc.. Pilot Radio Tube A. Pitts Plate Gls (1).. Prudential Inv., Pyrene Mfg. . Reliance Int A..... Reynolds Investing Roan Antelope. .... RochG&EpIDSE, Safety Car H& Lt. St&Regis Paper.... Salt Creek Prod (1) Segal Lock & Hrd. | Shenandoah Corp. . | Silica Gel et. . Smith (A 0). | SoucalEd ptA1% SouCal Ed pf B 1% Stand O1l Ind (1).. Stand O11 Ky 1.20., Stand Oil Neb (1).. Stutz Motor Car... Sylvan G M(t4%c) Bullivan Mach. Swift & Co. . Swift Intl (14 s Tech Hughes (60c) 37 Tenn E1 Pw 1st (7). 258 Thermold cm pf. Tobacco Prod Del Trans Lux DL P Tri-Cont Corp wr.. Utd Car Fast (40c) 1 United Founders... 83 United Gas. ... Unit Gas pf (3%) Unit Lt&Pwr (A) Unit Lt & Pwr pf Utd Molasses Ltd U S Elec Pwr ww US & Intl 1st pt. U S Play Card (1).., 25s Unit Verde Ext 40c. 13 Ul P& Lt... Utility Equities. Van Camp Pack Venezuela Pete Walgreen Co. Williams (RC).... Wright Har t17%e. 1 “Y" Oll & Gas (A).. 19 Dividend rates in dollars based quarterly or semi-annual D *Ex dividend. 1Partly extra. $Plus 4% in stock. aPayable in cash or stock. b Payable in stock. e Adjustment dividend. {Plus 5% in stock. gPlus 6% in stock. hPlus 1% 1: :m!o&l.h ’m’l"‘r\:"t%‘? tock. Pl 8% In stock. p Paid last year—no resular rate. 5 | g au sre BE” 3 - B ONE OaN® o S 1% on last t. Cotton Market NEW YORK, December 1—Cotton futures opened steady, 1 higher to 3 Jower on steady Liverpool cables, which were offset by Southern selling. De- cember, 5.82; January, 58 March, 5.91; May, 6.00; July, 6.09; October, 6.26. Increased Soufthern selling, as well as selling by local operators, carried cotton values down after the opening, March declining from 5.94 to 5.85. Vol- ume, however, was small and there was sufficient trade price fixing and com- mission house buying to hold the mar- ket within comparatively narrow limits. New outside interest was comparatively small and traders were still inclined to await developments in connection with the foreign war-debt problem. A trade paper here estimated the cotton crop at 12,227,000 bales and 11,075,000 bales. Liverpool declined after a steady opening under hedging | and selling for continental and Egyp- | tlan account. The Manchester market was reported in an uncertain position. | Egyptian _futures in Alexandria were | 117to 18 points Jower for Ashmouni and |28 to 38 lower for Sakellaridis. | The market rallied about 10 to 14 points from the early lows on steady | trade absorption of contracts, Liverpool ! buying on differences and commission- house demand. Southern hedge selling tapered ofl. March contracts sold up from 585 | to 5.98, with the general market show- | ing new gains of about 3 to 6 points {on the advance. A little profit-taking | developed, however, and around mid- | day prices were ruling at about the previous closing levels PRICE FOR CHAMPION STEER IS SURPRISING CHICAGO, December 1 (#)—The grand champion steer of the Interna- tional Live Stock Show—Texas Spe- i vent to the siaughter block to- day at a price of $1.25 i pound. The price represented an advance of the index of all wholesale selling costs |5 cents a pound over that brought by are given for comparable periods, based |last vear's grand champion at the ex- position. It compared with & cents a pound for prime steers on the Chicago Live Stock Market. Cattle men were surprised. Bankruptey Is Asked. CHICAGO, December 1 ().—A peti- tion in involuntary bankruptcy was filed in Federal Court yesterday against the $300,000,000 Cenlrzl Public Serv- ice Corporation on behalf of three hold- ers of the company's $1,000 debentures The bill alleged that the company com- mitted an act of bankruptey by trans- ferring $20,000,000 in property to the Consolidated Electric & Gas Co. on August 1 last and also when it trans- ferred $1,116,000 in railway bonds to the Central Public Utility Co. the same day. Failures Still Declining. R. G. Dun & Co. reports another de- cline in business failures last week, thus maintaining the contraseasonal down- ward trend prevailing for more than a month. Insolvencies totaled 460 against 480 in the previous week. “In dications now are” says the review, “that business failures for November | | will be the lowest in number for any | | month for more than a year.” Copper Decision Delayed. NEW YORK, December 1 (#).—The demand of the Roan Antelope Co. that it be permitted to increase its copper production quota was referred today by the International Copper Conference to British Empire producers for settle- ment., U. S. TREASURY CERTIFICATES (Reported by Chas. D. Barney & Co.) Rate—Maturity. Bid. offer. d4s Dec. 15, 1032.. 100 22-32 5. 100 30-; 101 8-32 100 24-32 4.1 103 2-32 s bt 1 1 fegegensans placed the ginnings to December 1 at| NEW YORK, December 1 (P).—|y, NAMED IN INDUSTRIAL REHABILITATION BODY BALTIMORE, December 1 (Special). —Willlam H. Meese of the Western Electric Co., chairman of the Industrial Rehabilitation Committee of the Fifth Federal Reserve District, has announced the appointment of Thurmond Chat- ham, president of the Chatham Manu- facturing Co., of Winston-Salem, N. C., a3 chairman of the committee for the State of North Carolina. This completes the roster of State chairmen in the fifth district, the announcement said. Midland Dividend Voted. CLEVELAND, Ohio, December 1 (#). —Directors of Midland Steel Products Co. today declared the regular quar- terly dividend of $2 a share on the 8 | per cent preferred stock, payable Jan- | uary 1 to stock of record December 20. ‘The payment continues the unbroken ferred stock _dividends following organ- record of since 1924, ization. INVESTMENT TRUSTS prei the year NEW YORK, December 1 Over-the-counter market: (Quotations as of 12 o’clock.) @»— |6 | Corporate Trust A ACALL Corporate Trust Accum’ Ser Dividend Shrs ... . Nation_Wide Sec N Y Bk_Tr Sh | Super of “Am Trusteed Am Bk A" SHORT-TERM SECURITIES. (Reperted by Chas. D. Barney & Co.) Allis-Chalmers Co. 5s 103 American Chain Amer el & Te Am. Wat. Wks. & EL bs 1 Baltimore & Oblo 4%as 1933. Belding Hemingway s 1936 Bethlehem Steel Co. hs 1936 Canadian Nor Ry, ;] Chi. Northwest. R.'R. 5s Chicago Rock Island ds Cleve. Lor. & Wheel. bs Colorado & So. Ry. dlas Commercial Credit' 52s laware & Hudson 5s Den. & Rio Grande 4'as Gen. Mot. Accep. Co. 65 Gen. Petroleum Corp, 55 Gen. Public Service 31as Grand Trunk Canada fis Great Northern Ry. 7s Keystone_Telephone 55 Laclede Gas_ Light 5 Louisyllle & Nashville New York Cent. & H. N. Y. Chi. & 8t. L. Northwest. Telep. 4'2s nna. R. R. Co. 6'4s 19 Portland Gen. Elec. 5s 1035 Republic Iron & Steel 5: Sinclair Crude OIl 5'zs 1938 St L. IMSR. R.&G. 4s 1033 Southern Pacific 55 1934 Union Elec. Lt. Union Ol Co.’ Calif. 5s a. Rwy._ & Power bs 19: Wabash Rwy. Co. 5s 1939 Market Averages By the Assoclated Press. STOCKS. 50 20 Indus. Rails, 49.9° 25,1 8 =) i Yesterday ... Previous day. Week I8 2 2 e = 000EOO DI Db 0 - 20 . Month ago Year ago 2: ?g.“."r'r'..,. F3 02D 0 1o i34 o [ gl IDIIOORN b ooty ot s roRaued (= B 8 B > g’ 1D b d samee Blearoo i SEE3232S2 2R3a0ee 322882 sziangal wflw“fl_fi 253! 1~y T et Fo o tomishiain 3 FINANCIAL. FIRST MORTGAGE 6 SECURITIES . i e e 1= prrtminiins 1 Lo e S0 REAL Al Authorized Agent A. C. & Northeast , Speedometer Repairs MILLER-DUDLEY CO. 1716 14th St. N.W. NOrth 15834 Columbia Building Association 716 11th St. N.W. Under Government Supervision Pays 57 Compounded Semi-Annually Systematic saving through this Association will start you on the Road to Success. $1 or mare will start your Thrift Account. —_— Christmas Savings Checks Will Be Accepted on Account or Cashed for You Established 1907 National Metropolitan Bank 1814—Oldest National Bank in the District of Columbia—1932 15th St., Opposite U. S. Treasury Open Until 5:30 P.M. TODAY For Pay-Day Depositors’ Convenience INTEREST PAID ON SAVINGS Modern Offices At Low Rentals Close to all the New Government Buildings * The Star Building able. the supply. Convenient, modern offices with rentals which are in line with present condi- tions. Only a few <uites and single offices are avail- Locate now before the demand will exceed APPLY Superintendent’s Office, 610 Star Bldg,, or telephone NAtional 5000, Ext. 203 PROPERTY Apartment House MANAGEMENT MANAGEMENT INSTEAD of being tied down with the details of manage- ment of your apartment house properties place them under the care of our Property Man- agement Department—a service that is on the job continuously, serving your best interest. You will have freedom from worry and the assurance that the very best return will be made on your investment. Our Property Management Service is given for a very nomi- nal fee. B. F. SAUL CO. 925 15th St. N.W. MORTGAGE NAt'l 2100 LOANS 6% FIRST MORTCACE NOTES Secured residences and income - producing properties in the District of Columbia and adja- cent Maryland suburbs. Safe — Profitable — Convenient on Permit Us to Offer Our Fa= cilities for the Placing of YourInvestmegt Funds 1001 15TH STREET NATIONAL 8100