Evening Star Newspaper, December 9, 1932, Page 15

FINANCIAL. BONDS Received by Private Wire Direct to The Star Office. " BEST-GRADE BONDS REACH NEW HIGHS Utility and U. S.”Groups Re- flect Continuation of Strong Demand. Bpecial Dispatch to The Star. NEW YORK, December 9.—The dis- position among investors to limit their purchases to high-grade securities was | again reflecteg today in the strength of | United States Government bonds and | listed public utility issues. Among these | a number of new high prices of the | year were registered. The lack of any announcement as to | the method by which Great Britain ex- pects to meet the December 15 debt payment encourages the idea that pur- chases arc being made of the two is- sues of Treasury discount bonds, name- | 1y the 3%s and the 3s, the cne selling | about 2 points under par and the other at a discount of 312 points. Under the agreement such bonds may be turned in to the Treasury and be credited at their face value. The fourth Liberty 4Yys were also strong today and wiih- in % of their high of the year. A.T. & T. at Year’s Peak. Among the public utilities to show greatest strength were the issues of American Telephone & Telegraph. The 5%s and the 5s sold at the best prices of the year. Consolidated Gas 41=s, 58 and 5%s were also at spproximately their best. Duquesne Light 4145 were likewise stfong. There was considerable irregularity in the industrial group. Oil company bonds were strong. National Dairy Products 5)4s eased off to a new low for this movement. American Smelting & Refining 5s were again offered 1% Points under the recent sales price, while Dodge Bros. 6s touched 89. In the railroad list Baltimore & Ohio re- funding 5s advanced 2!2 points, with the 415s steady. Fractional gains oc- curred in issues of the Chicago, Mil- waukee & St. Paul; Chicago & North- western, Erie, Great Northern, Penn- sylvania and Frisco. French Issues Gain. French Government 7los continued | their advance, selling early as high as | 126. On the other hand, United King- | dom 5%s were soft. German govern-| ment loans gained slightly. Australian | and Argentine issues improved fraction- | ally. Columbia Mortgage Bank 6las and Ts were each up a point. The in- consistency of the market is exhibited in the relatively greater strength of UNITED STATES. (Sales are in $1,000.) igh. Lot 101 1025 10817 9616 9727 Lib3%s 32-47... 102 Lib 1st 4345 32-47 1028 Lib 4th 414 s 33-38 108 20 . 9628 98 US3%sM41-43. 10115 US3%sJ40-43.. 10119 US3%s43-47..., 1011 . 10225 . 104 24 108 26 Sales. High. Ab&St54s'43... 5 87 Alleghany bs '44... 81 Alleghany 68 °49.., 23 Allegnany 5s '50. Allis-Chalm 5837 Am Beet Sug 65 '35 AmF P 58 2030..., AmIGChb¥%s'49, Am Intl 53849, ., Am Metal 5355 '34.. Am Sm&Ref 55 °47. Am Sug Ref 6837, Am T&T 4153 Am T&T c tr Am T&T deb 55 '60. Am T&T deb 55 '65. AmT&T 5%8"43.. Am Wat Wks 5s'34. Am Wat Wks 6s'75 Am Wr Pap 65 '47 Antioquia 7s '45 Argentine § Argent 6561 May.. Argentine 6s°'59 Ju Argentine 65’59 Oc Argentine 6s A ‘57, Argentine 68 B '58. Arm & Co 43839 Arm Del 53543 Atchison adj 4 Atchison gn 4s '95 At1C L1st 4 AtICLclis At] Gulf&W155'59. Atl Ref db 5837 Australia 4%s '5i Australia 55 '55. Australia 5s'57. Austrian 7s '43, Austrian 75’57, B&O1st4s'48. US4¥%s47-52 B&OPEWYV 48’41 B & O Toledo 4s'59. 15 Batav Pet 414542 Belgium 6s '55. . Belgium 615 '49. Belgium Belgium 7556 Bell Tel Pa 5s B'4! Benef Loan 6s '46 1648'51, 1615869, Beth Stl pm 55'36.. Bolivia 7s '58. Bolivia 7s '69 issues in default than those that have | Bos & Me 4 intained their debt service. As an m:strn(lon. City of Vienna 6s, in de- fault on November 1, sold today nearly 6 points higher than Gerran Govern- ment 5.5, on which no default is threatened. In the outside market City of Baden 7s advanced nearly 8 points on what was said to be buying for the sinking fund. United States Issues Strong. The strength in United States Gov- ernment issues was the feature of the afternocn market. ‘Treasury 3%s of 1943 were up *: point and at the high- Treasury 4%s at one time showed a gain of 3%, which brought them close to the year's high. Fourth Liberty 4%s and were also strong. The leading Euro- pean issues were quiet and somewhat heavy. as were Japanese loans. In the Canada c Can Nat Ry 438’57 10 Can Nat 55’69 Oct. Can N: Can Can Nor deb | Bos & Ms 556 Brail 615 "2 Brazil 615 Brazil C R Brazil 8s '41 Bklyn Ed s Bklyn U Gas 5s'57 Budapest 6s°62. BR&Pitts4%s'57 4 Bush Ter con 55'55. 10 Bush T Bldg 55'60. 2 Canada 4s°'60. 12 7 Can Nat 5s'69 July 2 1 1 6. 10 at 58'70. . Nor db 634 8 domestic list a further decline occur- | Can Pac 41is red in National Dairy Products 5%s. Interborcugh Rapid Transit 5s regained art of Thursday’s loss, while Great orthern 7s rose a point. (Copyright, 19: Washin&ton Stock Exchange SALES. Washington Rwy. & Elec. 45—$1,000 at & Bid and Asked Prices. | BONDS. PUBLIC UTILITY. Amer_Tel. & Tel. 4 Am. Tel. & Tel. ctl. tr. Georgetown Potomac_Elec. Cons Posomac Elec, 65 Washington Sas Washington Gas 195 412 Chevy Chase Club 535 Columbia Country Club 5ias.. D. C. Paper Mfg. 6s... . Wash. Mkt. Cold Storage STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (D)........ 106% ... Capital_Traction’ Co. o 5| | 99 ul Wash. Rwy. & Elec. com. (7). 2! | Wash, Rwy. & Elec. pfd. (5).. 86% re not bids. but | n prices fixed by sange. | (stamped)” (6) Natl, Bk, & Tr. ®) = . TRUST COMPANY. K BK: & Tr. (3. Wash. Loan & Tr. (14)10.00 SAVINGS BANE. East Wash! Potomac (1 ; | c. Sav. & C Seventh_Street ( United States (30) Wash. Mechanics (20) 3 FIRE INSURANCE. American (1?2 Corcoran (10) .. Ficemen's (%) {ChiRI43%s"60. Dist. Natl. Sec. Emer. Bromo-Selz. “A Federal Storaze pid 0. ¢ 7415 | Gen Th Eq 63 '40. Lothrop com. Lothrop pfd 105 nd. ¥ ext. 1125 ext Unlisted 7ljreimrtment. rmy-Navy Cl osmos Ciub 4 STOCKS. Bank ok P Anacostia Chapin_Sa: y Trust Co. . " Natfonal Capital Insirance. ortheast Savings Ban rk Savings Bank. Hote! 7 St 3 lofl Wash. Title Insurance Co.. . Washington Base Ball Club. ige-Langdon Savings Bank. | ! \ l 1 Can Pac 4% Can Pac 5s Can Pac 55 Cent 111 E&G 5: Cent Pac 1st 45 '49. Cent Pac 55'60.... 19 Cert-tddb 53848, Ches Corp b5 "47... 27 C&Ogen 4338’92, 0... § 4ctfs, 3 4 2 3 e CB&Q1113%s'49.. 2 Chi & Est 111 58'51. 23 Chi Grt West 45’59 | C M & StP gn 45'89. | Chi M & StP 4% 8 7 Chi&NW rf 5s 2037 44 Chi RI&P gn 4s'88. 6 Chi RI&P rf 45'34. 66 ChiRJ&P 4%8'52 1 Chi s'63 Chi i Chi Un Sta 6 5'63, C& W Indcn 4s'52, C& W Ind 5%s'62. Chile 6s°60. Chile 6s'61. Chile 6s'61 Jan. Chile 6563 1 5% Chile 7s '42 1 6 Chile Cop db 47. 10 33 Chile Mtg Bk 6s'61 10 8% Chl Mtg Bk 6248'57 15 10 Chin GvtRy 5s°'51.. 2 16% Trm 552020 6 101% tL4%sEW 5 StL5sD'63. 6 Clev Term 4%s 77, 20 ev Term s B s Clev Ter 5328A'72 6 Colomb 65’61 Oct.. 9 Colo & Sou 4580 10 Col G&E 58 '52 May 27 Col Gas & E 58 '61., 17 Com Inves 5148’49, 12 51 9 70 5 TT% 12 5% 4 5% 27 % Con Pow Japan 7s. Copenhag 58 '52 Cuba 538" Cuba RR rf Czecho 85 '51. ¥ Det Edison § | Dodge Bros 6s'40.. Donner St17s'42... 1 Duquesne 43 A 67 35 DEIS 3 Mar. 1 8 tdeb 75’46 E Coast bs'T4 Fram Ind 7%s'42 French Gov 7s '49 French Gv T%s '41. 17 7 x 2 Ger Cent Bk 65°38. 4 r Cen Bk 65’60 J 35 r Cen Bk 65'60 O 59 r Gen Elec 65 '48 29 189 Gen Motors 65°37.. Gen St Cas 5%s'49. German Rep 7 odrich 6s '45. Goodrich 6%s " Goodyr Izub b Grand Trank and Trunk s Nor 43;s8 D Haiti 68°52....... Hudson Coal 5s ‘62, Hud & M ad, 7 Humble Oil Hungary 7 111 Bell Tell 55 111 Cent ct tr 485 1il Cent cl tr 48 111 Cent 43 "6 Il CCStL&N 4% 111 CCStL&N 5s A.. 17 111 Steel db 4% 840, 9 Int Rap Tr rf 5s ‘66 65 Int Rap Tr 65'32... 6 Int Rap Tr 7s'32... 12 Int Cement 55 '48.. 31 THE EVENING STAR, WASHINGTON, D. C, FRIDAY, DECEMBER 9, 1932. gTNOCK EXCHAN Int Pap 655! Int Ry C A 5 Int Tel&T 4155 '39. IntT&T4%s'52.. Int T & T 58'55. Ttaly 7s'51 Italy Pub 7s’ 5. e KanC KanC Kan Kan City Ter 4s'60. Karstadt 6s'43.... Kan G&E 415 '80... Kresge Found Kreug & Toll5s'5: Laclede Gas 5s'34. Laclede 5138 D '60. Lake Shore 31:8'97. Long Isirf 4s’4 Lorillard 6s'51 Lorillard 7s '44 La & Ark 5s'69 Lou G & El 5 L & N uni 4s°40. L& Lyons 6s " McKes & R 5% Manhat Ry cn 4 Market St 7s A "40. Midvale Stl 55'36... Milan 63%s ‘62 » ACUNDERHED BB EARNE N~ BB NEN RN ©BD Mo Pac gn 4s'7 Mo Pacrf 5s A Mo Pac 5%s A 49 Mont Pow 58 " Mont Pwr 55 A ’6: Mont T 1st rf 58'41 Mor&Co 1st 4138'39 Nassau Elec 4s'51. Nat Steel 58'56. ... NEng T 1st 55 '52, N J Power 465 '60.. NOT&M5sB NOT&MG%s Nw S Wales 5s 57, Nw S Wales 5s '58.. NYC3%s'9 N Y Cent db s N Y Cent 4598 Y Crf 412013, Y Crf41:s2013n N Y Crf5s52013.,. N Y Cent db 6s'35. NYCLS 3%s'98..., NYC&StL 41878, NYC&StL5 % sA'T4. d 65'32 dison 5s B'44, drf 6%s 41, N N @ o rErBoalctnoans 9Bt ad-nobNREREEaSow S BramN~Sa~a NY Telgn 4% NY W&B 4} Nor & Wn cn 4s'96. Norf&Wn div 4s'44 North Am Co 55 '61 N Ger Lioyd 654 NorO T & L 65 '47., Nor Pac gn 35 2047, Nor Pac 48"97. ... Nor Pacr i 65 2047, Nor St Pw 55 A 41, Nor St Pw 65 B41. Norway 5%s'65... Nor Norway 6s°44. Norway 65 '52. Ore Sh L 5s gtd '46. Oreg-Wash 45'61. . Owens 111 G1 5539, Pac G&E 5542 Pac T&T 1st 58 Pac T&T 11 5s " Paramount s " Param-Pub b Paris Or 5% Penn 438 D81 Penn gn 438 '65. Penn cn 41860, Penn 43s D '70 Penn gen 5568 Penn 614536 Penn O&D 41357 Penn P&L 43581, Peop Gas ref 55 '47. Pere M 1st 5556 9 B e e 2 Phila Co is . Phila Elec 4s'71. Phila & Read 65 4! 100% 1003 1121 112% 69% % 16% 1011 101% 6 100% 42% 26% 26% 92% 3 100% 119% 125% 1025 105% 591 46% 37 41% 43 100% 70 % PCC&StL 5s B Polapd 6s 40 Poland 7s '47 Porto Alegre 8s'61. Por RAm T 6542 Pos Tel & C 585 Prague 748" . Press Stl Car 65 '33 Prussia 6168 '51. Public Serv 4s'71. Pub Sv G 415567 Pure Ofl 5148 Pure Oil 53540 Radio-K-Or 6541, Read 4%s A"97 Rhinelbe U 75 '46. o Rhine Ruhr 65 Rhine West 65 Rhine West 6s Rhine West 63 '5: 164% Rio de Jan 61485, R Gr Do Sul 6568, ! R Gr Do Sul 85 '46. RIAr& L4%s'34. Rome 6% - Royal Dutch 45 '45. Rumania 7s°59. ... Saxon 78'45.... Seab A L 63 A '45.. Serbs: 1756 hell U Oil ShellUO 5 - Shinyetsu 63552, Sinc Oi1 6%s B '38. 95 Sinc Oil TS A'37... 9914 SincCrO5%s'38.. 58 102 Sine P L 5842 0 Skelly Ofl 5368 Solvay Am 58 '42.. Sou Bell T&T 58’41 Sou Pac col 45'49.. 103 Sou P 4345 6 Sou Pac 45 '81 Sou P&OT 4%5A'TT | 8ou R: | Sou 6148 '56. Sou Ry M&O 45’3 SW Be'I T 6s A '54. OIINJ 5846, ... Swiss 5%s'46..... Tatwan E P 51871 Ter As St L 4s'53.. Tex Corp cv 5844, Tex & Pac 58 B'77. Tex & Pac 5s D '80. Third Av adj 55 '60. Third Av rf 4s°60. . Tobh P NJ 6348 2022 Tokio 5348 °61..... Toklo El Lt 65’53 Unfon El L&P 5557 46% | Un Pac 15t 4s'47.. 38 | Un Pac 4568 5 4214 Un Pac rf 4s 2008 4 | Un Pac 435567, . 10 42% 35% 0214 106 59% 81 9 12 NEW YOR 96% 1131 30 104 84 60 1044 40 24% 69 9l 81y 38 1065 104% 3% 41 384% 15 40% 34% 29 8615 9T 77 915 39% 43 43% Ygstn S&T 55 A'T =28 . Ygstn S&' ICURB MAINTAINS DAY'S TOP PRICES tAdvance of Closing Hour Erases Irregularity Shown Earlier. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, December 9.—The Curb Exchange today finished at the best levels of the session. The advance which started at the beginning of the final hour erased the irregularity that marked dealings in the forenoon. Dealings not only increased, but the market broadened as prices advanced. | The market leader, Electric Bond & Share, rose more than a point. Con- solidated Gas of Baltimore was up about a point. American Gas & Electric net- |ted & couple of points in its forward| move. American & Foreign Power warrants firmed. Standard Oil of Indiana maintained its early rise, as did Mercantile Stores. As usual, late in the session, Novadel | Agene made a new high. Cities Service was little changed. Short covering aided the general market advance. Three factors accounted for the bet- tered feeling toward petroleum secur- ities, These were the cut in daily allow- able by the Texas Railroad Commission, the belief that price structures will be buttressed by some sort of understand- ing between various large frms; and the remarkable way, in view of the depres- sion, that domestic gasoline consump- tion has been maintained at this season. | Standard Oil of Ohio preferred, which | seldom appears on the tape, came out | today with an initial bulge of 11a| poin{s. National Casket preferred, a | rarity on the Curb tape, opened at 89, | up 5!; points and at a peak price for | the year. Parker Rustproof led the automotive accessories. Great Atlantic & Pacific Tea opened up a point despite its report on No- vember sales, which were down 15.8 r cent in dollars and 5.6 per cent. tonnage from a year ago. The fig- ures were $62,848,653, or off $2,964,258, and 98,819 tons or a decrease of 5.875 tons. Swift & Co. and other food issues inclined to heaviness. Lack of progress at the copper cur- tailment conference and the weak struc- ture of red metal prices dampened enthusiasm for these shares, though Newmont Mining was a shade higher in the forenoon Federated Metals declared a liquidat- ing dividend of $14 a share out of proceeds received from the sale of American Smelting & Refining bonds, which the corporation received on the sale of its assets to the smelting com- pany. After metal and metal product inventories are sold, a further liqui- dating payment will be made. Although most of fthe radio con- cerns are reporting dufl business at this season, Pilot Radio & Tube today’ told of a giin in November sales of 23.6 per cent over the same month a year ago, but the sheres reacted after the news was out. Among the regular dividend declarations today were those of Hol- linger Gold, discounted marketwise several sessions ago, and Graymur Corporation, which recently has been firm Chicago, Burlington & Quincy, one of the most inactive of curb rails, to- day reported November operations re- sulted in a profit after charges, though figures were smaller than the same month a year ago. (Copyright. 1032.) Foreign Markets By the Associated Press. ; LONDON.—Quiet conditions prevailed on the Stock Exchange, the ‘American debt note having little effect on prices. Gilt-edged securities and industrials maintained @ steady trend, but realiz- ing caused easiness in mining shares jand ofls, especially Anglo-Persian shares. The closing was dull PARIS.—Trading was dull on the Bourse today and prices were slightly Jower. Wall Street selling and other unfavorable advices caused & heavy closing. BERLIN.—Prices were unsettled. RESERVE BANK SHOWS CHANGES IN NEW YORK NEW YORK, December 9 (#).—The state of the condition of the Federal Reserve Bank of New York at the close of business December 7 shows Total gold reserves Total reserves . . Bills discounted Secured by United Btates Government obligations. . . Other discounted Bills bought in open market Total United States Govern- ment_Securities Total bills and Uncollected items R R. notes in actuai circula- 96,000 securities. Total deposits 0 Ratio of total reserves to_deposit ant F. K. note liabilities combined 58.5 per cent. | e = METAL MARKET. NEW YORK, December 9 (/).—Cop- per steady; el tic spot and fu- ture, 5. Tin barely steady; spot and nearby, 22.55; future, 22.65. Iron quiet, unchanged. Le2d steady; spot New York, 3.00; East St. Louis, 2.90. Zinc Gull; East St. Louis, spot and future, 3.12. Antimony, 540. st CE Pl 5 10 MONEY MARKET. NEW YORK, December 9 ()—Call money steady; 1 per cent all da; Time loans steady; 60-90 da! 34; 5-6 months, Prime commercial paper, 11 Bankers' acceptances unchanged. . Air Traffic Increases. | CHICAGO, December 9 (). —Trans- continental & Western Air, Inc., re- ported that passenger traffic increase 12 per cent and express 105 per cent | in November as compared with a year | 2g0. . U. S TREASURY CERTIFICATES Co.) (Reported by Chas. o5e) Rate—Maturity. 6814 2814 324 42 85% 101% 5% [ 5 20% 182 381 681 28% | Util Pow 5% 321 Vanadium St Vienna 65 Va E1&PW Wabash 55 B'76... Wabash 5s D'80... 42 55% 101% 42 55% 101% 5% Warn Br Pic 65'39. Warsaw 738, . West El db 5s'44 West Md 1st 45 '52. West Md 5%5'77.. West Pac 5s A West Unfon 58 Y Westphalia 6s'53. . Wil & Co 1st 6s"41. | Butler Bros. . N. Y. CURB MARKET Received by Private Wire Direct fo The Staz Office. Stock ana Sale— Dividend Rate. Add 00. High. Low. Close. Aluminum of Amer1600s 50% 48 49% Alum Co Am pt (3) 400s 42% 40 42% Aluminum Ltd. 1F19% 19% 19% Alumn Ltd cum 29 " 29 ‘Am Beverag 3% 3 AmCities P& L B., 3% Am Comwlth Pw A 3 Am Corp....... " Am Cyanamid B... Am EI Sc pt pf new. Am & For Pw war Am Founders. Am Gas & El ($1) Am Investment. Am Invest B war. . Am Lt & Tr (2% Am Superpower Am Suler 1st pf Am Transformer. . Animal Trap. . . Arkansas Nt Gs A. Armstrong Cotk. . As0G&EAbG%. Atlas Utilfties. Atlas Uti] war Axton Fish A 3.20 Bliss Co (EW). Biue Ridg: Blue Ridge c pf a3 Brasilian T.L&P.. Buft N&E 15t pf(5) Buft N&E pt (1.60). 4 L - o N R Cable & Wire A rcts Cable & Wire B rcts Canadian Marcont. Carnation Co (75¢c). Cent Pub Sve A.... Cent&So'west Util.. Cent States Elec Cent Sta Elec Colombia Synd.... Cel G & Ecv pf (5). 758 Col Ofl & Gas vte... 1 Comwlth Edis (5).. Comwlith & Sou war Cons Gas Balt 3.60. Cord Corp a Corroon & Rey pf A Creole Petroieum. . Ctown Cork Intl A. Cuban Tob vte. Darby Petroleum Deere & Co. Detroit Alrcra East G &Fuel Asso Eastn States Power, Eisler Elec Corp. .. BONDS ON THE CURB MARKET. Bales DOMESTIC BONDS. in thousands High 1 Aluminum Co bs 1 Am EI Pow s A 10 Amer GAE 5s iAmer G&Pw 6s 1Amer P & L 6§ in 5 Asso Rayon 5u 50 s F 167 s Lt 5s 56 26 Cent Pb Ser 5las '49 1Cent Sta Elec bs '48 538 3 Cent 8t EI 7 Cities Service bs 1Cit Sry Gas 5las 1 Cleve El Illu 5s Com 425 1Com Edis 45 F 4 Consm Pow 4las “ 20 u il Pa 5s '47.. ous L&P 4125 E g §0% 1 Hous L&P 4igs D SIPw & L 05 A v & L 1 Long Isind Lt 5Mass_Gas i Narragansett 2Nat P S 5s o BREFTIET Tas®as 220! n 4 Stand Stock snd B1 Bd & Share b6 % BI Bd & Share pf 6. 1 Bd & Share pf 5. Elec Pwr As(A)600 Elec Share of ww. . Empire G & F 8%.. Empire Pwr part. , Europ El Ltd A 300 Europ Elec deb rts. Evans Wall Lead. . Federated Metals. , Fla Frst Nat St 1 “isk Rubber (new) Fiorida P & L pf(7) Ford Motor Can A., Ford M Ltd. Franklin Mfg pt General Aviation. General Fireproof. Gold Seal El new. ., Goldman Sachs. ... Great A & P n-v(17) Groc Strs Prd vte., Gulf Oll of P; Hartman Tob. ... Hudson Bay Min Huyler Stores D I P&Lpt(6).... Imp Ofl of Can 50e. Ind Terr 111 Ofl A..., InsCoN Am (2).., Insurance Sec. Intercont Pete Int Ul B. ..., Int Petrol (1). Interstate Equities Irving Air Ch(40c). Lake Shore Min(13) Lone Star G bé4c. . Louisiana L & Ex. . Mavis Bottling A.. Memphis Nat Gas. Mercantile Strs (1) Metal & Mining Met Edison pf (6) Midl West Utilities Mid W cv pfnx Mo Kans Pipe L. Mount & Gulf. Mountain Prod 80c. Nat Rubber Mch Newmont Mining. Niag Hud Pwr 1.20., Niag Hud (A) wars Niles-Bement-Pond Novadel Agne (4).. ©Ohio Copper....... Pac G&E 1stpt 1% Parke Davis 11.30.. Parker Rust (2) Penroad Corp. Petrol Corp war. Phil Morris Inc. Phoenix Secur pf., Pilot Radio Tube A Pie Bakeries Inc Sale— Dividend Rate. Add 00. High, 822 4 1 2% 08147 Gt A & P Tea pf (7) 80s 118% of Pioneer GM Ltd 24e 12 Pratt&Lambert 50c Prudential Inv.... Pub Uti] Hld war. . Pub Util Hldx w. . 1 6 2 Pug 8d P&Lpf k54 30s Rallway & Lt Sec. .. 758 Rainbow Lum B.. Reliance Int A Reybarn. Safety Car H & Lt. St Anthony Gold St Regis Paper. St Regis Paper pf. . 30s Salt Creek Prod (1) Secur Corp Gen. al Lock & Hr Selby Shoe (1.40) . Selected Industries Sel Ind all cfs(5%) Stlica Gelct........ Singer Mg Co (8). Smith (A 0) South Penn Oil (1). Sou Cal Ed pf C 1% Southern Corp k10¢ Stand Oil Ind (1).. Stand Oil Ky 1.20, Stand Oil Ohlo vf 5. Stand P&L pt (7)., Starrett Corp pf Stutz Motor Car. .. Sun Investing pf. Swift & Co..... Swift Intl (14) Technicolor. Tech Hugh Texon Oil&Ld t1%. Trans Air Trans. Trans Lux DL P S. Tubize Chat Corp.. Tung-Sol Lamp. .. Un Oil Assoc (1).. United Corp war. United Founders. United Gas. .. Unit Gas pf (3%). Unit Lt&Pwr (A). Unit Lt & Pwr pf.. U S Elec Pwr ww.. 1 45, 1 0 6 50: 11 1 1 3 s 1 4 1 1 5 2 3 1 6 s s 1 3 3 9 3 5 Utll Pwr&Lt pf(7) 100s Util&Industrial pf. 4 * |-van Camp Pack. FOREIGN BONI Xw—_Without warrants, n—New. 3 ~When issued. SLES NG P INVESTMENT TRUSTS NEW YORK, December 9 (#).—Over- the-counter market: Corporate Trust A ‘A i Corporate Trust Accum’ Ser.. Dividend Shrs ... uper of Trusted Cotton Exchange Seats Sold. NEW YORK, December 9 (#)—Two New York Cotton Exchange member- ships were :old yesterday, the first at $10,500, off $1,500, the second at $10,000. Am Am Bk Market Averages By the Assoctated Press, STOCKS. 50 20 20 0‘ Indus. Rals. Util. Tota Yesterday ... 26.8 7.4 54.7 Previous day, el 0.8 61 1416 281.3 205.8 80.4 146.5 114.7 BONDS. 20 22 o 1ot Indus Rails. Util Tot Yesterday ... 60.5" 80.6 Previous day. eek ago < ‘Yokohama 6s '61. e oSS cnBalaaSomaDd mmm 0EIE~ T 58 B'70. 82338 Lowmnne (Copyright, 1932, ‘Wenden Copper. Wool Ltd k25 1-5e. Wright Harg (120c) Y" Oll & Gas (A). dividend. 1 4 5 8 2 0 1 1 8% 1% | Dividend rates in dollars based on last | Guarterly or semi-annual tPartly extra. 0 $Plus aPayable in cash or stock. stock. in stock. in stock. in stock. in stock. g Plus m Plus 3% in e Adjustment dividend. 6% in stock. SPlus 2% in stock. stock. n Plus D Paid last year—no regular rate. payment. FINANCIAL. EXCHANGES WEIGH MERGER PROPOSAL Rubber, Raw Silk, Metal and Hide Dealings Exceed Billion Mark in New York Annually. FH¥ ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. N.W. LOANS Prabia"Heat Bitate seturity 69th Series of Stock Now Open for Subscription James F. Shea. Secretary Low. Glose. 18% 20% 361 Spectal Dispatch to The Star. NEW YORK, December 9.—Four im- pertant commodity exchanges here, whose combined annual dealings exceed $1,000,000,000, plan to consolidate and wili submit such a proposition to their membership, it was announced today. The merger would include the Rubber Exchange of New York, National Raw | Silk Exchange, National Metal Ex- change and New York Hide Exchange, according to Jerome Lewine, president of the Silk Exchange and chairman of the joint committees of the respective exchanges. Commodity exchange consolidation been agitated here for five years, but only in the last year did such a movement take real form. Three of the exchanges have approved of the consolidation and the fourth will sub- mit the proposal to the board of gov- | ernors in a few days. “It is expected,” said Mr. Lewine, “that consolidation will broaden trad- ing in all of the commodities affected. | It will effect substantial economies and afford more advantageous trading facili- ties in a number of commodities on a single floor.” (Copyright, James E. Connelly, President GROWTH of the National Perma- nent is ample proof of the Public’s confidence in our principle of savings to acquire D. C. property. Ask for details. Open Daily 9 to § Saturdays Until Noon WATIONg, PERMANENT BUILDING ASSOCIATION “ 0‘949-9“ ST.NW, ¢ S 2 5 E UPERvision - 2% 2% 143 L18% % | 214 | 30% | ke *| 1% | 10% Y 5% 20% 6% 1932)) SR Coal Output Gains. CHICAGO, December 9 (#).—The National Coal Association yesterday re- | ported that coal production last week | 5, | was approximately 350,000 tons above |that of the previous year, reaching 6,900,000 tons, but was 326,000 tons be- | low the corresponding week of 1931. | a gllllIIIIIIIIIIIiIIIllIlIlIlIIIIIIII|]IIIl|IIIIIIIlIIIIIIHIIII!IIIlI|||IIIllIIIIIIIIIIIIIIIIIIlIIIIIIHIIIlIIIIIII|IIIIlIlIlIIIIIIIHIIIIlIIIIIllIII g Organized 1879 53rd YEAR COMPLETED Equitable Co-Operative Bldg. Ass’n JOHN JOY EDSON, President WALTER S. PRATT, Jr,, Secretary B . oo v bmissmnesso s SRITRENANE Subscriptions for the 104th Issue of Stock Being Received SYSTEMATIC SAVING Always remember it is not what you earn, BUT WHAT YOU SAVE THAT COUNTS. The Equitable is helping hun- dreds to become financially recognized thru their Systematic saving plan. Are you a saver thru this plan? If not—then join today. 915 F St. N.W. ' OF INTEREST TO EVERY . INVESTOR No matter whether you have $250 or $250,000 for investment you will enjoy exactly the same ratio of return when the investment is made in our 6% FIRST MORTGAGES There is a stability to such an investment, for the principal has behind it first trust on conserva- tively appraised improved Wash- ington real estate — fundamentally sound security; and the interest re- mains changeless throughout the en- tire period for which the loan is made. May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.W. Over a Third of a Century Without a Loss to an Investor. 1% *Ex 4% in stock. b Payable in 1 Plus THERE FOR SAFETY IS - NO SUBSTITUTE A SAVINGS ACCOUNT at the Columbia National An account in this old established Institution has many distinct ad- vantages. an attractive rate of pay 3% on all savings accounts. Secondly, OUR LOCATION is in the very center of the shopping district, making REGULAR DEPOSITS a matter of great convenience. Street cars from all sections of the city pass our doors! Thirdly, our CONVEN- IENTLY ARRANGED hours . . . Firs interest—we Capital $250,000.00 Surplys $500,000.00 . FRANK J. STRYKER, President Daily, 8:30 to 3—Saturdays till 12 0’Clock Open to 5 pm. on Ist and 2nd, 15th, 16th and last day of the month