Evening Star Newspaper, December 2, 1932, Page 14

"A—14 max FINANCIAL, FRIDAY, DECEMBER 2, 1932 NCIAL D.C. BANKERS SEE | 1033 SAVINGS RISE Financiers Forecast Growth in Number of Accounts for Next 12 Months. BY EDWARD C. STONE. today were freely dis- the report of the American | s Association showing that 5 bank deposits in the United on June 30 were $3.925,898,000 r ago and that there s depositors. States revealed a depositor Mis- advance d dis- the extravagant ount of mcney in THE EVENING TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE | [utces: e | NEW YORK. December 2 (P)— 1od YOTETodar's individual sales are mot given, in, thin cdition. | Stocks weak; leaders yield 1 to 3 in dill of carh stock in this re esierday’s paper. ding. Bonds ir ~Prev. 1 Stock and Sales— Net | —Prev. 1aim— Stock and | Sales— Re | BN '(.:urh - :’;“‘g"fi:“’"g‘ 1;“: heavy; Electric Bon 93 1% Adams Express 14 5% 5 5t = %1 11% Gen Eiee spee (60¢).. 11% (11% 11% — 91y 1'; Rossia Ins of Amer. . M 4% 4% - I." 14 3% Unit Corp (40c). . 5 Share weakens. Forelgn exchanges | 4% 1% Adv Rumley. 3 E . 39 22u 21% 21% — % e B ' o 20 Unit Corp p? (3) 2 32% 915 Addressograph. ;e : it 5 & 1 32“ :?'veo\::;:’l‘t;: (5) 4;’: ‘ 4: v 43% a 2% : E E easy; sterling breaks. Cotton lower; lo= Affiiliated Prod 1.60.. 9% 9 5 C 5 15 & Prancisce 1 1 10% U oy 2 | cal selling; easier stock and grain mar- Air Reduction (3). Gen Mills (3). 39% an Fran pf. 1% 1% : . . kets. Sugar casy: easier spot market, Airway Elec Appl... Gen Motors (1)..... 27 12% Seaboard Oil Del 40e. 1 1% 17 1% U S . 2 Coffee lower; trade selling | | Alaska Juneau (50¢). Gen Outdoor Adv Sears Rosbuck 174 ' Alleghany Corp i STAR., WASHINGTON, D. 1 sales are mot given in this edition. NOTE—Todav's individual sales are not given in this edition. ition are from yesterday's paper. Sales of each stock in this yesterday's paper. ~Prev, 1931 Stock and sales— Net. | _Prey. 1 Stock and Net NOTE—Today's indivi {me. Low Dividend Rate. Add 00. High. Low. Close. Chge. | High, Dividend Rate. Add 00 High. Low. Close. Chge NOTE—Todar's individual sales ate mot riven in this edition. Sales of each stock in Sales of each stock in this edition are from yesterday's paper. Sal High. Low. Dividend Rate. Add 00 High. Low. Close. Chge. [ High. Law. Dividend Rate. Add 00 High. sag. CHICAGO, December 2 (P)—Wheat easy; liquidation December and May; disappointing stock market. Corn easy; continued good weather all belts; sym- | pathy weakness wheat. Cattle steady. Hogs slow and steady to lower. 'HEADS OF BALTIMORE TRUST ARE DEFENDED Bliy U S Steel nf (7)..... BALTIMORE, December 2 (). —The 10% 1'p Util Pwr & Lt (A) 3 E | defense in the bankruptcy hearing T Vadsco Sales Corp... E . | ageinst Continental Shares, Inc., closed its arguments in Circuit Court here to- day after contending the bankers now in control of the investment trust have ; the interest of the stockholders at S, % | heart. T Waldorf System (1), George Weems Williams of Balti- o et H Rl more, in his argument before Judge A=ttt Arthur L. Stump, said the conduct sl : the bankers showed they have beem ey % | forebearing_and have regarded the sal- | vation of Continental Shares and im- | provement of its stock as their first | duty. | “The effort to have the investment Wileox Ol & G | trust, a Cleveland concern incorporated Wi FEOvamaY s o 3 |in Maryland, declared bankrupt was Wilson & Co (A). ... : : | made by George L. Gugle of Columbus, Woolworth (2.40). .. }C_)h_l& £.Stockholder. ton Pump. Cotton Market W) (3 Third Avenue. ... ; TR Teis Teaeh. Thompson Starrett. . o ol b A Tifo Water Asso Ofl. 5 2; 31y - R s @ Zonits Trodusts NEW YORK, December 2 (CP.A)— 9% an zontie T poansty After holding within a narrow range for several hours, cotton prices weak- ened today in sympathy with & sharp break in the stock market. Selling Alleg Corp pf $30ww Alleg Co pf $30 xw. n Public Gen Rwy Alleg Cp pf §40 ww 3 Gen Realty & Aliied Chem & D (6). 5 n Realty & Util pf. Allis-Chalmers Mfg. 3 n Refr Amerada Corp (2). Cillette S: Am Ag Chem (Del) mbel Bros pf. Am Bank Note. . dden . . Am Beet Sugar pf. 2 35 Glidden Co pr pf (7). :‘\n\?rnkfnsh f (7). K % GGobel (Adolf). . m Can Gold Dust (1.60). Am Car & Foundry Goodricn (i Am Come’l Alcohol. . Goodyear Tire&Ru S n R ¥ Am Encaustic Tiing. Goodyear 1st nf (7). SO o Am & Forelgn Pwr. . ilk Hosier 5 : 3 ands (1). 29 T Amg&Forgn Pw pf (6) am-Paige 3 a ; % c (8 p 230 Am & For Pwr pf(7). Wby Consol. .. 5 L 2 . 69 Am & For Pwr 2d pf. nd Unio i 3 8 5 5 3 5 A % a0 @ ‘Am Haw Stship (1) nt (W T) (1). 4 i Am Hide & Leather.. Vorthern pf. Am Home Prod 4.20.. orthern Ore. . m Ice cesesn Fest Sug ‘Am International ,,;;:,,“\ eHESnE Am Locomotive. Am Locomotive pf .. T2 Am Mach&Fdy (80c). 2= Am Metal Co. Am Metal pf. .. Am Tower & L AmP & Ltpf A Am Pwr & Lt pf (6). Am Radlator. byl Am Rolling Mill ¢ the coming year, believe | 510 Am Smelt & Ret. accounts will be T uff (13%).... hs. Th Am Steel Foundry £ corlifons ulgd Am Stores (1215) much Te ia Am Sugar (2)..... rge cities or In the N . Am Tobacco (16). Am Tob, Am Type Founder: Am Water Wks (2).., Am Wat Wks cfs(2). m Woolen....... Am Woolen pf. .. Am Zine & Lead. .. Anaconda Copper. Anchor Cap (1.20). Armour of I11 (A)... Armour of Til (B). .. Armour of 111 pt 2 Servel Inc. Shattuck(F .{x:\x,!ll:;’::l:*‘i:ux, Shell Unfon Ofl. T Simmons Co........ 6 | S Pipe & Fdry (%) S Pipe st (1.20). S Realty & Imp. . S Rubber. ... S Rubber 1st pf. .. 10 USSmtg & Ref (1) 31 U [ PP e ug 1.60. Spr8) outhern Cal Ed(2) outhern Pacific Southern Railway . 9 S H 1o s N . vadsco 5% Vanadium Corp. . i Vulean Detinning. . tand O1 Kansas. nd O N J (+2). terling Secur (A). . terling Secur ev pf. tewart Warner. . tone & Webster. tudebaker Corp. tudebaker pt (7) unerior Of1. ... . rere hold to the view that gh cost of Government has been | » of the leading factors in the de- | s2 in b eposit The burden of tazation has forced many savings o to out _their to save their homes direct tazation on > on mortgages, or . have made could be met | Tawaiian Pincapple. : Hershey Choc (6) Hershey Choe pf( islland Furnace. Yomestake Min(£10) 5 Houdaille-Trersh(A) Tloudailie-Hersh ( Houston Oil e Houston Oil (new).. Howe Sound (40¢) }iudson Motor C: entral. . Indian Refi Industrial PP UPOPY lautograph (1) Festingho nnessee Corp. Texas Corp (1). Tex Gult ayon (2) nd (2).. res (Del) » Trans ake Tron Int Asriculturs Int Bus Mach (6) Int ¢ rs Dtd 20c. Int Cement Int Harvester (1.20). Int Hydro-E] Int Nickel of C: Int Nick Can pf (7) i Int Paper & Pwr (A). ' Int Paper & Pwr (C). 12% Int Paper & Pwr pf. . 45 243 Int Printg Ink pf (6). Atchison pi b 111¢ 3% Int Rys Cent Am pf.. Atlantic Coast Line 26 Int Silver....... At Gulf&WIndpf.. 2 15% Int Tele & Teleg Atlantic Refining(1). 28 11 Interstate Dept 2 Atlas Powder pf (6). o 2] 200 104 Island Creek C Auburn Motor (f4).. 3 9 5% 10 : Avation Corp (Del) 3 E 90%, 45 Baldwin Locomot. .. § 8 30 Ahcad of 10 Years Ago. factors cn- this year unprecedentet “Unemployment Bt causes. Back of it are reduced prices for grain, dairy products, min-| erals and processed goods; lessened ex- | ports and droughts. This year almost all the factors are destructive. Natural- 1y not all the States or divisions of the | Country faced recessions of similar pro- | portiops. In some areas there were a| gocd many more factors opzrating than | in others. A ‘ “What is the conclusion of the mat-| Ate savings in banks to be the| plaything of economic chance, unre- | licved to any considerable degree by | action of political government? Are | the spectres of old age. dlsbiascg ax:&:i:;\ G which were bein ve: B fier ahd farther into the background Baldwin Locomot pf. 40s ccumulated savings. to be allowed | 3% Baltimore & Ohio.... rcturn? The question is entitled | Baltimore & Ohio pf. consideration. =0} Barnsdall Corp. .. ... ctic as ras been the recession | s hope that a solution of some of | preblzms which now vex the world restore industry, egriculture, trade | d commerce to a more profitable | Savings are yet 533 greater per | ant than 10years ago, and $106 | than in 1912 Mr. Albig 9 anSxpdananaBl e 2 2 5 e RennnnSaten Atchison. al(2) Tohns-Manville. Johns-Manv pt (7) Jones & Laugh pf (3) Beatrice Crm pf Beech-Nut Pkg (3). ix Aviation Best & Co.. Bethlehem Steel Bethlchem Steel pf. Blaw Knox Lehigh V; Bloominzdale pf (7). 9 Lehizh Boan Alumn & Brass 215 5 Lehn Borden Co (2). . 33 & Libbey Owens G Borg Warner } . Tiegett & Myers( Briges Mfg Co Iyers B (15). members I taken half of their | Ekyn Manhat Tran. 1ip Cup (11). ‘. i) ccount | 3 Bklyn Man Tr pf (6). Lituid Carbanic e tos e ] BKlyn&Queens pf(6). ¢, Inc (3). . Brunswick-Balke. Bucyrus-Erie cv pf. Budd (E G) Mfg Bulova Watch...... Burroughs AM(40¢). i Bush Terminal Bush Term’l deb stk. 1708 Butterick Co. .. 1 Brers (A M) lifornia Packing. Calumet & Hecla. BY GEORGE T. HUGHES. 15a16; | Investors Corp of Special Dispatch to The St Keats, old, 20025, young, 23a35; Toosters, | gofted &, 155l S NEW YORK, December 2_It took | p, 100 aressed oI toms,13a14; old| Do af vr-.” .8 the stock market a little time today to | hens, 14a16: young foms, 17420 young make up its mind what ought to be | hens, 18a20; No. 2's, 11a13; chickens, the respgnse to the publication of the | Plymouth Rocks, 4 pounds and over, Do fi'c »f. ... i % | G & E1 7% British war debt note and the reaction | samons, 7 eanads “ead "over, 33829 | : thereto by Congress. | mixed ‘colored chickens and Leghorns, Prices were slightly lower during the | 14al6; small capons and roasting morning, but with no sign of weakness | “ickens, 16a18; roosters, 10a12. and no activity. In the afternoon, how- | pork loins, 11; fresh hams, 10; \smoked ever, particularly in the last hour, the | hams, 13; strip bacon, 13; lard, 7; com- | R R ¢ downward movement gained mo- |\POPRG T L Lo o g song s |8 ¥ Th R S5 mentum, canceling all of yesterday's | medium, 3.5023.65; heavy, 3.2583.50° Oshu R advance and leaving the leaders at new | pigs, 350a3.65; roughs, 2.00a2.75; calves, | lows on this reacticn. | 3.0026.0 n ) Sterling was weak all day and wheat | Gam was consistently low More or less | 10:30 AM. 100,000 12:00 Noon. 200,000 'n Carbld 1:30 P.M. vo. 400,000 2:10 P M. 400,000 dend rates as given in the above table are the annual cash on Paciflc which left the list at the bottom, 9 to nit Aireraft. £ 16 points 1 than yesterd - F Pata 'this year tar T points lower ¥ ¥ nit Aircraft pt (3). ¢ Pavable. i cash or stock. IPlus 8% stocr “Api | Were reduced 15 points to 5.8 © ravable in scrip. January 5.84 D84 53 o March 5.04 r‘.xu i NEW YORK, December 2 (#).—Divi- NEW YORK, -December 2 (%).—Call loans steady: 60-90 days, : 5-6 months, 1 per cent. | Eges—Hennery, whites, 32a35; current | Alum Co of Am pf - Jan. ] 13 | cor pe recelpts, 30a32; Government graded | v & siie o " un g 10| Bankers' acceptances unchanged. Kayser (J) & Co. ; . Do pf B..... Kelly-Spring ctfs. .. % lol:fu»u:fié h:{:;erzfirkeys' ol oo | oo br Gl s certain, but Weaks Spots 3 . 3 Plymouth Rocks, 4 pounds and over, | Shem - B. .. .$1.50 NEW YORK, December 2 (#).—Over- K end ‘o pf (6 r > * | Hackens " ER ) Develop. 14a15; 4 pounds and under, 12a13; | Garpr T "¢ yiaie the-counter market: mixed colored chickens and Leghorns, 3 capons, 7 pounds and over, 20a22; small | Home B & Chase Nat1 (2) . . Lambert Co (15). capons and roasting chickens, Commercial (%) . ages MW 166 Lee Rubber & Tire Fifth A (*44) P B a5 Washington is_concerned, a Netl City (2) g0 deal of the money laid eside it | BN et Chrictmas Sevings Club funds even- | TRUST COMPANIES, tually fincs iis way in permanent sav- | o ings sccount. In many cases club| “n Oil of Calif (1). based on the latest quarterly or half-vearly declarations, in stock. .1 Plus S1 in special preferred stock. 'k Blis 3 b Open. High. Low. May SmflK l_lST UUWN Washington Produce money steady, 1 per cent all day. Time extras, 36a36);; standards, 35a35'y; | dep el Dec. ; .26 Ky sieupete & young toms, 14; | Postoria Preised’ Sti. Kresge (SS) Co (1) y 5 s fHanes (P Ruit (Quotations as of 2 O'Clock.) Pirst Natl ( | Bankers' () Saies of Stocks on New York Exchange. Ji ot pressure increased toward the close, : Beiflc (o) t of trading less than 100 shares. 1Partly extya. - toiny | stock. ‘m Paid last year—no regular rate. n Flus 5% in stock | December B.X5 H.AG D, DIVIDENDS ANNOUNCED | | Butter—One-pound prints (93 score), | 9€7ds declared: |27; tub. 26; cne-pound prints (92| Pe- Pay- Hldrs. of score), 26; tub, 25; onc-pound prints| Company. Rate. riod. able. record. | (90 score), 25; tub, 24. | Albany & Susq RR.$4.5 Jan. .15 | 3, Prime commercial paper, 11.. Yantmann Dept St v 3 Reaction to Debts Note Un-!mediums. 31 | comme: e "5t “AI31 = R h | NEW YORK BANK STOCKS Kaliato oo young hens, 16; No. 9a10; chickens, | Gt _West Elec- 2 Enoeme (3) S0 — IR el hens 4 pounds and over, 14al5: | P! iy Ty 35 Manhattan Bklyn Trust (10)° | Cen” Hanover ¢ Chemical (1.80) Continentel (1.20)" . Corn Exch (4) . | Empire (1.60) (1.6 Manufacturers N Y Trust (3 Title G & T les Bis (2). Lorillard (P) (1.20). Louisville & Ludlum Bank Greets Hosts of Friends. | The Bank of Commerce & Savings today held cpen house in connection ith its eilver acniversary, A host of Vislicrs were received. One of the features of the anniversary was 2 radio address last night by President M. D. Rosenberg who paid special tribute to five men, now dead, who served un the board of directors: Ashey M. Gould, form-r justice of the District Uinsa e Supreme Court: Richard J. Eamnshaw, | 5. 2. CAnade bev (LF 2 president, Boston Baking _Co; Elie| & 55 (rclin & Ohio (1).. 1008 Eheetz proprietor, Martha Washington | &3, 32, car CHin & 07 o ; Candy Co.: William A. Bennett, vice | §o% 1§ €280 O 2 Co.ocooeee 115 i3 an president, Equitable Life Insurance Co. | 15, 11! Celaneso Corpe v - : Malfxon & cot. and Alexander Wolf, prominent mem- | 132 13 Celahess tor Jandell Bromer 18 50 e 0 B 10s MclIntyr Por M(t1%) 14 & Land Co ) )| Ontatio L & Deb.$ Pac Tel & Tel pf.§$ | Do com....... . §1 [ Fiedmont Mie: Go. % o ; e } that was true of all other staples. Cof- | por oy A Picppshel, 50a1.80: fancy | 2 evmots (RJ)° o fee dropped 10 to 20 points. December | Do e poa2 2o, PeALS, Dushe) L8 g 0B & sugar liquidation resulted in a 10-point | 500930 grapes. Gorcords. . 3-pound decline, with the distant months off 2| paskere 115120 emperore. 1.25: ootne to 3 points. Silver slumped 23 to 37 | mopcle JUR2y FOREIRTS, e, points. Cocoa was down and only siK | sau secdies’ 2958250 Maliga, 180 | - Pl -« roecrer achieved relative stability. edless, 2.25a2.50: g8, 150; | 8L .o : juice grapes. 70a85; honeydews, 2.008 | Uil YOU DON'T HAVE TO PUNCH A CLOCK if you have the punch. T information address Box 312-E, Star @ a on & Rob McKesson & Rob McLellan Stores. Mack Trucks (1). Macy (RH) & Co (2) ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. N.W. LOANS Improved R Renl BRI sthuSty 69th Series of Stock Now Open for Subscription James E. Connelly, James F. Shea. President Secretary ©0000NE000D0 O DOE LOWOOLORO wm OOO DOOO PO OOO © PXO O © PPLOO PO w Extra. $200 .. ber of the local bar. 315 Cerro de Pasco. \ 4 Manhat mod gtd Divid Z 2.50; alligator pears, 2.00a bananas, | 0 8 Trust (N ¥ The benk president stated that the % Checker Cab M Marine Midld (80c) iaondyotex: 15043.00; pincappie: | Auburn_Aut e - jte. 1 Mfe. : Marine Mic « e i ; pincapples. 3.5024.25; Christ- n_Auto, institution had just mailed 2,500 Chist- Ches & Ohio (214) 4 : 3 Marmon Motor Car Aoy 50 crle declared the Te8UIAT | mas melons, 2.00: casabas, 2.25; oranges, | Gyoane G Sisel:- A e aind Wack T Chesapeake Corp (2) Marshall Ficld & Co. o stk S 2 have on the com- | Florida, 2.75a3.75; California, 3.00a4.50; | Holland Furn bi. it SR e Chi Great Westn pf.. Mathieson Alk (13). Homestaxe Minnig made & new. 1935 | Satsumas, 3.50a4.00; grapefruit, 3.75a | Auburp Auto... SN Cn LB IO ot i ootk Chi Mil StP & Pac... May Dept Stores (1). 7 high. - The close was only slightly above | +00; lemons, 4.50a6.00; persimmons, 1.25 | Do Speciai &toek. o Chi Mil StP & Pac pt. Mengel Co. . . ettt e | a1.80; limes, per 100,"2.00; cranberries,| Group Na. I Oil.. 8100 e 2, 1007, st Eighth Chi & Northwestern. Mid Continent Petm. Stocks gave & surprisingly good ac- | 2-2582:30; persimmons, 2-peck baskets, | Giitden Cor pro o4 G Cireets narthwest, Its present Chi & Northwest pf.. Midland Steel Prod. . 5 COURE Of BiNaelieg i the Al by | LB0RT00; = B e has beer twice remodeled and Chi Preumatic Tool M St Msd(4) ; g e Tne openiag " war rpumas | “Potatoes—100-pound sacks, Maine. Gemtiiey ot ChiRock 1 & Pac. 515 5 lower and just enough selling came iy | 1:35; New York, 1.15; Idaho bakers, 1.75 | Group No. 1 OIl. . expances Chi R I & Pac 6% pf. Yo carry pries for the leaders off eout |2.00; sweets, per bushel, 50a75; gtring | Texon O & ‘Land. nual Eastern regional savings | ellow Ca ; 21 Missouri Pz i = . | yellow, 60a75; white, 75a1.00; brocecli, < Amisal Bestern regiocml sayings | Chicasha Ctton O Mok Carnet N e T he ke vieahes; | 350 peas, 008330 celey, 2357 e | 0000 vision, America kers' Assoclation, | m Monsanto Chem 1% g ; | cumbers, 1.25a3.00; lettuce, Iceberg, 3.25a o At the. Waldorf-Astori Chrysler Corp (1) Montzomery Ward. . e e e L oi | 3.50; New Yark, 1.00; salsity. per dozen H Organized 1879 53rd YEAR COMPLETED Hotel in New York January 26 and 27, S eea Motork foducey @) don. bunches, 75; turnips, 60875 cabbage, |2 3 A - vith seve on 2 ark Equinm . Motor Wheel, ) 60a75; mushrooms, 75; tomatoes, Cali- | & T T SR G @I A it seing o oy s e 25 e, 3 mee, S5 2 Fauitable Co-Operative Bldg. Ass'n it lecinatitor” he ioon= .2.’:3:;;’::-;(;&' ; 9 2% A::ur‘ Tl forced payments on December 15 re- | Packs, 1.752.00; parsnips, bushels, 1.25; | = o to Strengthen Municipal e L0 p e o mains to be seen. okra, 150a200; squash, 1.502.50: <l | JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary State Cr is of particular im- St ) “h Motors (1) There s nct mich to be said about (€%, New York 125al50; California, . because the portfolios of many | : Adme Do the " ovements ot inaindual stocks | 2.00a2.25; eggplant, 2.00a2.5; beets, per ‘ | 100 bunches, 3.5024.00; carrots, per 100 United States Steel preferred sold down | 09 BuRChES, SS0RE0 ToF m-kg’é 5 AssetS..........coiiiieene....$6,251,006.24 Subscriptions for the 104th Issue of Stock Being Received South 1st pf. 1a Columbia Gas (b1). . 4k Belln Hognpe Columb Gas pf A (6). 3 t Columbia Pic ctfs ';,"7"}}?" SA:. Columb Carbon (2). £ Rty P @) Commercial Credit. . t Distiller banks contain bonds issued by States and municipalities,” W. Espey Albig, | who is in _charge of the savings division, | #aid. The weakening of the credit structure in any city or State is reflect- under 64 again, almost surely the result of odd-lot short offerings. Steel pre- ferred looks like an inviting short sale | to the average amateur speculator. | arti- 1:00; kale, 40a50; spinach, 25a5 choke, 3.25a3.50. ed in the lower price of their securities.” Henry R. Kinsey, president of the Savings Banks Association of the State of New York, is chairman of the Con- ce. and Henry Bruere, he Bowery Savings Bapk, the Banquet Committee. The presi- of the division is Gilbert L. Daane | ence area_comprises Con- | ware, District of Columbia, it achusetts, New New York, Comel Credit A (3).. Comel Inv Trust (2). Comel Solv (60c). . Comwlth & Southn. . Comwlth & Sou pf(6) Congol-Nairn (§0e) . Consol Cgr pr pf 615 Consol Cigars pf(7). Consol Film pf. ... Cansol Oil Corp. Consol Textile Conta t Distillers pf(3) t Lead (5).. 5 tPwr & Lt (1) t Ry Mex 2d pf t Steel (50c).. t Surety ton Steel. Y Alr Brake Y Central. .... Y Chi & St L pf Y Investors. . Y N H & Hartford. Y N H & Hart pf. Y Ont & Western [to that in stocks. American Tcbacco weakened again, but not.on any large volume. In the rail- road list, Atchison was off a point,| Union Pacific 2 to 3 points, with smaller | losses in the lower-priced shares. Here, too, business was on a small scale. | Outlook Unchanged. | The first response of commodities to | international developments was similar ' Wheat and cotton vielded, but unimportantly. There was no change in the domestic outlook. | The annual report of Firestone Tire & | AVERAGE TIME MONEY RATES STRENGTHENED By the Associated Press. Time money average rates strength- | ened during the week ended November 26, but call funds averages remained unchanged. In the table that follows the average rate for both classes of money is given for comparable periods, as reported by the Commerce Depart- SYSTEMATIC SAVING Always remember it is not what you earn, BUT COUNTS. WHAT YOU SAVE THAT The Equitable is helping hun- dreds to become financially recognized thru their Systematic saving plan. saver thru this plan? today. Are you a If mot—then join Y Shipbuilding 70 Y Steam pf (6) 90 N Y Steam 1st pf(7 103% Noranda Min (a1.10). x 57 Norfolk & West (8).. 65 Norf & Westn pf (4). 508 1'% North Am Aviation., 11 13% Nor Amer(b10%stk). 41 53 Northern Pacific. b Ohio Ofl (a50¢). 15 Oliver Farm Equip. 9 s Elevator (1).. 114 Otis Steel. ... 315 Otis Steel prpf.. = Owens 11} Glass (2) 30 3 28 1. 37 167 Pacific Gas & BI (2 4713 20% Pacific Lighting (3 104" 58 Pacific Tel&Teleg(7) 17 Packard Motor Car. ., : Paramount Publix. Pathe Exchange. Pathe Exchange (A). Patino Mines........ Penick & Ford (12) Penney (J C) 1.80 14 Penna Railroad. 44 Peoples Gas Chi (5). 3 he gene D Dupont de Nem (2).. 97 3 Pere Marquette pf. .. 108 S nings, which may be e e gt 17 NEW YORK, December 2 (#).—Over- ettt v o] Duques Lt 1st pf 108 1013 HeLe Aaaet ety s s e ;i’c'g‘uég‘:? 3 l; f; " : . 3 Petrol Corpof Am. 5 5 (Quotations as of 12 o'clock.) S A F E T Y re expected to earn | 2% Electric Boat. S as 5 Phtoe Deiee : 5l f P Bid. ~ Asked gin their total “s Elec & MusicalInstr. 2 1% Eniralediais Bullock FuBf . 0k 1 . & half & billion | ' Elec Pwr & Lt....... 20 6% 3 Phillipe Petroloutst Gumiative Tr b g to its members o | Pw . Corporate st ol A Phoenix Hosfery. orborate Tri has distinguishad the Na- tional Permanent in over rs of service to Corporate Trust A A e Riatearon orporate Trust Accum Ser : Pierce Petroleum. ... Pund 2 Bhrs AL%L ; 42 Pillsbury Flour(60c) |Fund Tr Shrs gton : Toore & Co (B) lan has proven most Poktal Tel&Ca practical for families to acquire their own homes. Ask for details. | Mass Inve 5T : 3 Ous Open Daily 9 to § { Nation Wide Sec vic. |N"Y"BK Tr shrs Saturdays Until Noon hTIONg, PERMANENT Nor Am Tr Sh BUILDING ASSOCIATION Super of Am Tr A. . 4, OH9-O% ST. NW. Super of Am_Tr AA. Z ¥ THERE Suber of Am Tr B..... Super of Am Tr BB. .. 10% 13-32 Upg, 5. 1% 101 | Ryisign V-3 10126-32 ( Rubber. showing earnings for the com- mon of $1.07 a share, against $1.25 a ment: year ago, was considered very satis- | factory. Week ended Nov. 26 . 0.90 1.00 ‘The market ranged lower in the Previous week. . 0.50 1.00 915 F St. N &N . " but 11 without - Same week last year..... 3.50 2.50 Crease in activily. Amerioan Tobaceo| " T 000 e Contl Conul “ontl Contl Can (2)..... “ontl Diamond Fibre ‘ontl Insur (1.20)... “ont Motors. .. “ontl Oil (Del). “orn Products (3). ‘ream of Wht(123). ‘rown (ork & Seal. “rown C&S pf (2.70 Time. Call. shingion Stock E two $1,000 transfers be- t 1013;. Potomac Elec- c per cent preferred stock figure mall sale at 10772 and the me corporation’s 6 per cent preferred k came ocut at 11055 Both these stocks paid their regular dividends on December 1. The only stock on the rd now being quoted ex-divi- dend is Peoples Drug Stores 6!; per cent perferred In an i ting talk before the of Columbia Life Underwriters' n at the reg luncheon at shington Hotel yesterday, James eneral agent in Ohio for the | ual Benefit Life of New Jersey, dis- | d the value of life insurance as an | tment znd stated that a recent made in his territory indicated | re was no better investment to | in any field | Notwithstanding rts of 1932 crease in activity. American Tobacco | increased its loss, as did American Tele phone. Standard Gas & Electric was off over a point and New York Cenlrali among the rails was in supply. Sterling | weakened to $3.20!> in New York and to $3.193; in London. French francs were off !5 but Belgian francs were up Swiss francs were unchanged. | Auburn Automobile declared the regu- | lar dividend of $1 in cash and 2 per cent in stock on its shares. The Glid- den Co. declared the regular rate on the preferred stock and it was officially stated that earnings for the year were running ahead of those of a year ago. (Copyright, 2. INVESTMENT TRl]STS o e aim maEmanaZaBenan BEIRST MORTGAGES Money on Hand to Loan on First Deed of Trust 6% Interest Reasonable Commission and Prompt Replies to Applications JAMES F. SHEA 643 Indiana Ave. N.W. an-Am Sugar. ‘urtis Publishing 4 Curtiss-Wright. .. Curtiss-Wright (A). 1, Cutler Hammer-. ... A DOUBLY ATTRACTIVE INVESTMENT The two things which are impor- tant in investment are security of the principal and amount of interest earned. These are two features which make our 6% FIRST MORTGAGES doubly attractive—because the prin- cipal is secured by first trust on im- proved Washington real estate that has been conservatively appraised; and the generous interest doesn’t change throughout the term for which the mortgage is made. May be purchased in amounts from $250 up. Take advantage of our Partial Payment Plan if more convenient. 4 & B. F. SAUL CO. National 2100 925 15th St. N.W. Tavison Chemical. .. Deere & Co pf (40¢) .. Del & Hudson (6). ... 4 Del Lack & Westn. Denver & R G W pf Diamond Match (1).. Dome Mines (11.30).. Doug Afreraft (75¢).. Drug Corp (4). 2 the generally poor d Statistics Cc comfortable U 4 8 Ozer a Third 7 of a ative steadiness in a narrow g range during November, Hoit, & Troster report. The firm's juag weighted average of 17 representative ¢ R stocks advanced from a low of 53.78 on | s T lu s Y mber 3 to the month's high of 61.95 | _ 74 2 Tureka Vac (a2).... % November 12, a gain of over 8 points. |~ 6'y 2% Fairbanks-Mo . E 8y - 103 From November 12 on, however, bank| 10% 3 Fed Water Service A, 3 : Y stocks settled downward gradually,| 27% 6 Fidelity-Phoen1.20.. 1 5% 5 102% finally closing November 30 at 55.00. 18% 10' Firestone T & R (1).. 2 5| 28 10 The market value of 100 representa-| 68 45 Firestone T&R pf(6) 62 61 tive common stocks decreased 7 per| 5414 38 First Natl Stores 235, cent in November, according to Frazier| 2 1, Fak Rubber 15t pf. .. Jelke & Co. The total appraisal at| 8% 2 Follansbee Bros..... the end of the month was 238 per cent | 15% 3 Foster-Wheeler. Jess than on August 31, but 54.1 per| 7% 1 FoundationCo...... 2 2 B ith : abo: v 22% 10% Fourth Nat Inv 1.26. » s Reading Rwy (1) Bt cent above the lows of June 30. 2% 10k Fourth NatTavidi.. s 824 8 Resding Rwy (1) titelly St 721; 15 Franklin Smn pf(7). 110s 2% Real Silk Hoslery. - % 5. 10 5 10t PARIS EXCHANGE RATES. 28% 10 Freeport-Texas (2).. 47 3915 70 SRRl S Hoslery v- 100 1 Remington-Rand PARIS, December 2 (#).—Three per| 5! 1% Gen Am Investors... 6 1% Reo Motor Car. cent rentes, 77 francs 5 centimes; 4'; | 35% 91 Gen Am Tank Car(1) 12 17 Republic Steel. per cent rentes, 93 francs 40 centimes. | 15} 4% Gen Asphalt. A | 5 Republic Steel pf.. Exchange on London, 82 francs 40| 19% 10% Gen Baking (2). 4 B 3 ReynoldsSpring..... 1 centimes. The dollar was quoted at 25| 25% 3% Gen Cablepf. . 408 2615 Reynolds TobB (3).. 36 drancs 58': centimes. 264 p ingineers Pub Sve., ¥qui Office Bldg 17 : stocks exhibited | 6 ° Century Without a Loss Proctor & Proc & Public Sve Public Sve NJ pf (6). Pullman Corp (3) 274 Pure Oil. 4% Purity Baker. 215 Radio Corp. 3% Radio Corp pt B 1% Radio-Keith-Orp to an Investor, Super of Am Tr C. Super of Am Tr D. Trusteed Am Bk “A’ U. S. TBEASUBY CERTIFICATES | (Reported by Chas. D. Barney & Co.) IS NO SUBSTITUTE FOR SAFETY 812 Gen Electric (40¢c) 18 141 4 Richfleld Oll.cevsnsm 2