Evening Star Newspaper, December 15, 1932, Page 15

THE EVENING STAR, WASHINGTON, FINANCIAL. FINANCIAL. D. C; THURSDAY, DECEMBER 15 1933. FRENCH BOND LIST . DECEINES FURTHER Belgian Issues Also Lower. | * Domestic Group Shows Many Gains. BY CHARLES F. SPEARE. Special Dispatch to The Btar. NEW YORK, December 15—What dooked 1like sentimental ¥rench and Belgian bonds today drove prices of these government issues down 1 to 2 points on a moderate amount of | offerings. French 7ls recently touched 1273 the highest ‘of the year, from Which they have now reacted 3 points. Bel- glan 6l5s and 7s were off today about 2 points from their quotations of last week. United Kingdom 5!4s and Cana- &m. Australian and German issues re firm. Italian 7s eased. Again there was notable strength in all of the premium U. S. Government 1ssues, of which 7 of the 10 listed are now at the highest prices of the year. The yleld on the long-term premiura bonds ranges from 3': to nearly 32 per cent. This fact explains the de- mand for them in the present money market, with the New York State 3 and 33 per cent bonds of the longest maturities offered today to return from | 8 rer cent to 3.15 per cent. The best gains in the domestic list were in several of the industrials that & short time ago dropped to approxi- mately the low prices of the year. United States Rubber 55 were up 2| points by midday after Wednescay's, tdvance of 4 points. United Drug 5s gained 1%, points. National Dairy Prod- | ucts 54s Tose a point. There were moderate gains in several of the sec- ondary grades of public utilities, such as Columbia Gas & Electric and Phila- delphia Co. 5s, and about the same amount of recovery in highly specu- 1ative issues of the type of Interna- tional Telephone & Telegraph and In- terborough Rapid Transit 5s. The high-grade rails, such as Atchi- son 4s and Union Pacific 4s, and pub- lic utllities like Consolidated Gas, American _Telephone & Telegraph, Duquesne Light and Public Service of New Jersey issues, were all strong. In the junior railroad list the strength and activity of Baltimore & Ohio 4!:s was the outstanding fea- ture. Illinois Central 43s and Chi- clfi) Great Western 4s each gained a point. WARNER BROTHERS WIN PROXY FIGHT Five Directors Sponsored by Man- agement Are Elected at Com- pany's Annual Meeting. By the Associated Press. ‘WILMINGTON,. Del,, December 15.— All five directors supported by the man- sgement of Warner Brothefs Pictures, Inc., were elected last night as a cli- | max to the prolonged annual meeting | cf the company. The session began Monday morning. Stockholders also approved an amend- | ment changing the common stock from no par value to $5 a share. | A resolution presented by a group of | opposing stockholders condemning the present management and demanding the return of 90.000 shares of common stock issued by the corporation in 1928 to Renraw, Inc. was defeated. CHICAGO DAIRY MARKET. CHICAGO, December 15 (#).—But- ter—Receipts, 5,936 tubs: firm; cream- ery special 92), 2313; 23; firsts (88-89), (86-87), 21a21! tralized carlots), 23. Eggs—Recel) u, 1,077 cases; steady. pricu unchang 22a221z; seconds Washington Stock Exchange BONDS ok ek UNITED STATES. (Bales are in n.uII‘.l w. Close. Lib3%w33-47,.. 102 10130 10130 Lib1st 43483247 1024 1023 1024 Lib 4th CKI 33-38 l“ !‘ 10820 108 24 56 9622 9627 98 9 10118 10118 10118 10127 10128 10125 1018 101 1018 10325 108 11 103 26 10525 1058 10820 10912 1074 10912 L] Allis-Chalm 5s'37. Am Chain db 65°'33. AmF P 58 203 AmIGCh5% Am Wnt“ksss 34, lo Am WrPap6s’47.. 5 Antloquia 78'45.... 1 Argentine5%s’62. 1 Argent 6s°61 May.. 4 Argentine 68°59 Ju 17 Argentine 68’59 0¢c 8 Argentine 6s A '57. 12 Argentine ;580 8 Arm & Co 4% Arm Del 514843 Atchison gn ¢s ‘95, Atchison 414548, AtIC L st ds " AtICLcl4s At Gulf&W15 | Atl Ref db 5s'37 | Austratia 4 Australia 58 Australia 5 Austrian 7 Austrian 7s 57 |B&O4%s"33. B&OSwdv 58’50, Batav Pet 438’4 Belgium 685 Belgium 785l | Bell Tel Pa 58 B'48. | Bell Tel Pa 5= C'60 Berlin Cy E Berlin 6 Beriin C Berlin C El 6%5'59. Beth Stl pm & 2 Beth Stlrf 5s Bolivia 7s'58 Bolivia 8847 Bordeaux 65 " Bos & Me 4% 8" Bos & Ms 5s ‘67 Brail 6148 '26-'5 Brazil 6138 '27-'5 Bras{ICR 7s'52... 10 Brazil 8s 41 i Bremen 7s " Bklyn Ed 55 A Bklyn Elev 63%s. Bkiyn Man 6s A Bklyn UnGas5s' Bklyn Un Gas 5«' Bklyn U Gas 55 °57. 20 Budapest ¢s Buenos A R 6 2 Bush T Bldg 5560, 1 | Canada 4s Canada 4 Can Nat Ry 434 | Can Nat Ry 4% | Can Nat Ry 415 u‘i7 18 Can Nat 414 '68. . | Can Nat 5569 Oct. Can Nor 4%5°35. .. | Can Nor b 613 Can Nor deb 7 Can Pac db 4s ‘ Can Pac 5s " Cent Pac 586 | Cert-td ab b33 Ches Corp 5s '47 C&Ogen41;s" (93 score), 34a241;; extras| & 3 4% B0 - 38 | 3 extra firsts (90-91), 22%a CR&QRN4 - CB&Qiks standards (90 cen CBRQ 111 215549 |cB&Q Il dn*4 Chi & Est 111 55 | CM&StPgn Chi M & StP 4 C M StP&P 58 '75. c M&& St Padj 5s. . v 4158 2037 4148C'37. ‘Washington Gts 6s “B"—$500 at 103%5. \(‘M& Waks" Potomac Electric 512% pfd.—1 at 106%, 1 at 106%. Chi & NW 6% | Chi RI&P r 4 Potomac Electric Cons. 58—$2,000 at Chi RI& P44’ ! au 103%. $1,000 at 10135, Capital Traction Co-al4 at 4, 4 at 4, 2 at 4, 20 at 415, Washington Gas k “A"—$500 at 100. Bid and Asked Prices. BONDS. PUBLIC UTILITY, Amer, Tel, & Tel. 4128 30 | wy. & Elec. 45,00 87 BN | macn.uwzouu, & Ross, lvy hase Gl 5 SPlumbia Countsy Ci Paper Mfx. ds Wnn Mkt. Cold 8t STOCKS. PUBLIC ln‘lLITY Wash, e 6s Chile 6s'6 *|ChiRI4%s CTH&SE in 5 ChiUn Sta ¢ | Chi UnSt5s'44. .. | C & W Ind cn 48’52 | Childs deb 5543 *- tw. Chile 6s '62. | Chile 75 '42. Chile Cop db 58 Chile Mtg Bk 6s Chl Mtg Bk 6%8°57 5 Chl Mtg Bk 6% Cin T'n Trm 55 202 " cccest L 4R Clev Term 41877 Colomb 68’61 7!11.. | Colomb 6s"61 Oct. . 17 Colo& Sou 4148’35 9 Colo & Sou 412880 Col G&E §s * Col Gas & | Com Inves 5 Cons C Md ri 0 1 ConG NY 412851, 2May 6 55'61. 9 9 50 23 Y 58°57. 17 Y51s'45. 9 | Consum Pow 58'52 % | Con PwrJap6%s.. 5 =5+ | Copenhag 435 '53. Wash. Rwy. & Ei. pld..(5) . ‘The following figures are not bids. but | erely represent minimum bprices fixed by | GuDS RR rf e Washington Stock Exchange. NATIONAL BANK. ital (8 umbia mmmm (stamped) (4. ‘8 | Denmark 4%s d (6 Washington (%) . TRUST COMPANY., Amer. Secur & Tr, Co. (15) ash. Loan & Tr. (14). SAVINGS BANK. mac (10). . c. Bavings & venth_Street ited States (30, ssh. Mechanics (20) ' FIRE INSURANCE. erican (12 rcarn (lm nenu vman (i Tnu: INSURANCE. ? g‘n Tatats ()’ MISCELLANEOUS. Gol. Medica) Bide, Corp.. (@) ist. Natl. f mer. Bromo-Selz. pid. Mbles Dnll swres xld (62 Real Est. M. & » Sa | Cuba 5358°45. 14836 2 Cuba Nor 5%p8'42.. | Czecho 8s°51...... | Czecho 8s '52. Del&Hud ref s " a | Denmark 6s’4 Denver Gas bs |D&RGren | D&RGr4w |D&RG W s ni.. 30 Det Ed 4%s D '61.. Det E:l D2t Edison fs | Dodge Bros Donner Stl 7 aunaSmon e 40. a2, 1004 100% Dutch 47, Dutch East 1 6s°62 Erfecvds A'53. Erie gen 45 '96 Erie ref 556’ Erie ref 55°75 Finland 7s ‘50 100% 32 43 2614 2614 5% 3 9% 43 26% 26 % Gen St Cas 5%48'49. 18 69% GenThEq6s’40... 4 2 Ger Cent Bk 68’38, 48 60% GerCen Bk 6s'60J 17 51 Ger Cen Bk 65 '60 0112 501 Ger Cen Bk 78'50.. G4 Qer Gen Elec 8348 18 Ger Gen E178'45.. 65 German 6345 50, German Rep 78 '49. GoodHopeS&I 78’48 l Goodrich 6s°45.... 13 60 45 rand Trunk 7840 18 100% 100% it Brit&lIr § 7. 78 108% m GreNoF % BH A 66% | StP&KCSL 448’41, Y 0 R K EXCHANG Received by Private Wire Direct to The Star Office. 73 Grt Nor I%IB'H. Grt Norgn7s'36.. Haitl 6s'52. ‘Hudson Coa! Hud & M ad) 5! 11 Steel db 4% &40, Inland St 4348 A'78 Inland St 4% s B'S1 1 Int Rap Trrf 53’66 52 IntRap Tr7s's2,. 2 Int Cement 55°48. . Int & Gt Nor 6s '52. Int& G Naj6s’'52. Int Hydro El 6s8'44. Int Mer Mar 6s ‘41, Int Pap ref 58 A'47. IntT& T 68’55, Italy 7s'51. Italy Pub 7s°52.... Japanese 5145 °65. . Japanese 6%s'54.. Kan CF 8&M 4s'36 Kan C PAL 4 %861 Kan City Ter 45°60. Kan G&E ¢ Karstadt 65 '43. Kresge Found 65'36 Kreug & Toll5: Lack St 58 A ‘60 Lacled o8 Laclede 5348 C 53 Lake Shore 31,897, Lautaro Nit 68 '54. Leh Val cn 45 2003, Loew's 65 '41. . Lorillard 6s°51. La & Ark 6569 LouG&EI6s A’ L &N uni 4s Lyons 6s°'34. McKes & R 5%5s'50. Manhat Ry cn 48’90 Market St 78 A '40. Marsellle 6534 Midvale Stl 68 Milan 6345 5! MIlE Ry&L Mil E Ry&L 68°7 MK &T 1st 45°'90 MK & T adj 53¢ MK&TSEsA 5% | Mo Pac gn 48 Mo Pacrf 58 A "6 Mo Pac6sF'77 Mo PacisG'78 Mo Pac 58 H '8 Mo Pac 58 1°81 MoPac5%sA49.. “ Mont Pow 58 '43. Mont Pwr 5s A Mor&Co lat 43 Nat Steel s 56 NEng T 1st 5s Nw 8 Wales 5s Nw 8 Wales bs 'll. [N YC3%n"97., .. Gent db 4e'ss. Y Cent YCrt l%llfllln YCrf5s2013,.. Y Cent @b 65 '35. CLS3348'98... NYC&StL 18t 48'37 NYC&StL 4%;s'7 NYC&StL543A'T4. NYC&StL 1st 65'32 N Y Edison 5s B'44 N Y Edison 55 C'51. NYEArf6iss'41. N Y EL H&P 4s'49 NY NH&H 312556 Sene NY NH&H clt 6540 \t\inflsn'u £ N Y Steam 5556 .. NY S&W gn 58 '40. N Y Telgn 4%s !9 Nia Sh Md 5% ord 6158 50 Norf&Wn div North Am Co Nor Am Ed NorAmE5%s N Ger Lloyd 6s 4 NorOT&L 6s 4 Nor Pac gn 38 2047, Nor Pac 4397, Nor Pac 4148 20. Nor Pacr16s 204 Nor 8t Pw 5s A "41. Nor St Pw 68 B "41. .\m‘ly 5863 — Ore Sh L s gtd Orez-Wash 43’61 Orient Dev 5148 '58 Owens I11 G155 '39. 4| Pac GRE 5342 i Pac T&T rf 68 o Paramount 68 '47. . Param-Pub 514 8'50 Penn 4% 8 D '$1 Penn gn 41is ‘G Penn 814536 Penn P&L 4% °81. o AR NOONN R DR A e BN IR NN S AR D D11 NS NI R W N AN Peru 6860, Peru 6s°61. Phila Co 58 °67: Phila Elec 45 '71. Phila & Read 63 Philippine R 4s '37. Phillip Pet 5% 839 Pillsb F M 6s'43. . P& WV 4145 C'60 Poland s '40. Poland 75 '47. Poland 8s'50. Pos Tel & C 53 Press St Car 53 '33 Prussia 6s Prussia 6% Public Serv PubSvG 4% Pure 011 5%8°37. Queensland 6s'47.. Queensland 7s°41.. Read Jer Cn 4s’51. 1 Rem R 5% sA4Tww Rhinelbe U 73 48. . Rhine Ruhr 68 '53. Rhine West ¢s '62. Rhine West 6s'53. Rhine West 68 °65. Rhine West 78 ‘50. . Rich O11 Cal 63 '44. Rio de Jan 6148 '53. RioDeJan ext 85’46 R Gr DoSul 6a" R Gr Do Sul $8°46. Rio Gr W clt 48°49, RIAr& L 4%8'34. Rome 61s°52 Royai Dutch Rumania 78 '69. StL IM R&G 48'38., SLL&SF 48 A '§0.. StL&SF 4% St L&SF s B StLSW 1st4 St P Un Dep 5s°72. A&AP4s"a. ] 8a0 Pau 78 40, Sao Paulo 8s '36. Saxon P W 6%s'61 Saxon 78'45... Seab AL rf Seab'A L'6s Serbs-Cr-S11s Serbs-Cr-S1 83’62 TP Y il .s......u. { Skelly Ol 5% Smith(AO)6 Soissons 65 '3 .. 42% 42% 42% 46 101 & 7 ki 46% 57 54 20 4% 40% 41 86% 9% 5% 45% lOl 'A 824 45 1005 101 8% 78% [ 564 53% 19% 3y 40 40% 86% 9 59% A5% 3 5% 102% 102% 102% 4 88% 8814 88 104 57% 80 511 IM 101% 105 8515 46 “y By the Associsted Press. CHICAGO, December 15.—Evening up transactions to prepare for a Govern- ment crop report from Washington this afternoon gave firmness to wheat values late today. Expectance of a possible reduction of Government estimates of 1932 domestic spnn. when yields was a late e strength- ening {: ‘There were also reports of lmm bushels umllmmt of un- estimates the exportable % of wheat in Argentina. at closed irregular, 3 off to % advance, compared vmh yesterday's fin- lsh. ‘corn unchanged to 3 down, osts X% to 34 decline, and pro- from 20 cents decline W T cents advance, en. mm 141' l’.'ln',n 3 45 47 % | Bpecial Dispatch to The Star. NEW YORK, December 15—Steadi- ness in Liverpool and a higher opening in Bremen were not reflected in the irregular initial price trends of cot- ere today. ing prices were: December, 6.03, %, | unchanged; January. 6.04, up 1; March, | 6.16, up 1; sas. 84%, 16 5% 75'% 3215 82% | 61 70 101% 106 8815 1008 1003 1024 10215 82 39% i 103 1063 1064 s“’" 30 0% 99 99, 101% 101% 101% mn wau 103% 125 80 98% 103% IDSV. 103% 2 8% 8% 8214 3010 103 9814 67 . 6934 8’33 2 101% l.l% 101% 106 106 | Yokohama 6s’61... May, 627, up 1; July, 6.36, | unchanged; October, 6.53, off 1. Markets at a Glance NEW YORK, December 15 (®).— ; leaders move narrowly. Bonds irregular; U. Governments strong. Curb irregular; olls ease. For- eign exchanges steady; sterling im- proves. Cotton lower; decreased trade demand; local and Southern selling. Sugar lower; easier spot market. Cof- fee lower; trade selling. CHICAGO, December 15 (#)—Wheat steady; lower temperatures all belts; % | bullish Kansas “State reports: ~Corn steady; bullish cstimate Argentine ex- ports; improved cash trade. Catdle ir- regular. Ho;s strong to higher. MONEY MARKET. NEW YORK, December 15 | The money market continued extremely dufl with rates unchanged. Call money | on the Stock Exchange again ruled at | 1 per cent, and funds were available in t-he outside call market at % of 1 per | cent. Rates on time money and prime « | commercial papcr 1so held over. POREIGN EXCKARGE. (Qubllllnm furnished by W. B. Hibbs & Co.) 1d Selling ch g8 crown Stoekholm. crown Montreal, discount, | (Reported by Chas. D. Barney & Co) | Rate—Maturity s Feb. 1 (Quotations as of 1 | Am Bank stock. Bullock Fund . Central Nat Corp A | Central Nat Corp B ind hmfl Tr 8hrs B Mass Invest Tr.. Nauan wme s-cur N Y Not Am T+ sh | Super 55. ... | Sou Pac 4%8'68. |SouP 41569 w | Sou Pac4348°s1... 19 | Sou P&Or 4%48A'7TT 28 Sou Ry gn 48 A'56.. 19 Sou Ry 58°94 Sou Ry 638 °56. SW Be'l TGS A 54, StOIlN J 68 46. Ston N ¥ 4%l Studebaker 65 "42. | Sweden hgs'54... | Swiss 5145 "46. Tatwan E P 5%s'71 ! Tenn Cop 6s B ‘44.. 1 Tenn EI P 65 A "47. Ter As St Li5s '44.. Tex & Ark 5%5'50. Tex Corp ev b3 *44. Tex&P 1st 55 2000. Tex & PacbsB'17. 7 Tex & P§sC'79... 1 Third Av rf 45°60. . Third Av adj 55 °60. Tob P NJ 6%s 2023 Toho El Pw 7s ‘55 Tokio 5%8 Tokio EI Lt 6 | UE&P 1st 5% sA'54 | Union EI L&P b8'57 Un Pac 1st 4847 Un Pac 43'68...... | Un Pacrf4s { Un P 15t £ 58 2008. Unit Drug 58 '53. .. U S Rubber 58 °47. . Un St W 61es A'47 Un St W 6%s Ud8t W e%scsl. Uruguay €s u Uruguay 8s'46 Utah P & L 5i Util Pw 55’59 w: Util Pow 6% *47 Vanadium St 55’41, Vienna 6s°'52. . Va Ry & Pw 63 '34 VaRy 1st6s A 62, Wabash 1st 55°39.. Wabash 24 5s ‘39 Wabash 6348 '75. Walworth 6s A *45. Warn Br Ple 6539, Warn Quin lls'lb. . 41% 36% i 104% e ANROALSHmernal Wil & Co 1st 6841, “81% Ygstn S&T 58 B'10. - 105% Sou Bell T&T. n‘u 30 106% 105% 108% | Ygstn S&T 65 A'78. “43% “Sou"Pyc-vol ¥5° TN W Somy - oetn amSwCan | U. 5. TREASURY CERTIFICATES | CURB SHARES SAG. | IN FINAL DEALINGS Market Closes Lower After Firm Performance Dur- ing Most of Day. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, December 15.—The Curb Exchange closed siightly lower today, after opening firm and gather- | ing strength until it met selling in the last hour. The market leader, Electric Bond & Share, brought ahout the reversal of the upward trend as it slid off about a half point. Oities Service was off shade most of the , as was Standard Oil of Indiana. 1 47% points, luplica ol fow of the year and for the second consecutive session sagging more than 4 polnts. There was no news from the corporation to explain this sell-off. Bulovn ‘Watch convemble prerecr::d fnonal Serporation ot hicago con- vertible preferred was a late soft spot in the investment trusts. Mangel Stores preferred with warrants proved the stmng éenture in store stocks as it rose %u reductions announced by various petroleum concerns caused some offer- ings of the ofl issués, but losses for the: most part were confined to fractions. National Transit was prominent in the The higher-priced public utility pre- ferred stocks featured the noon hour as Columbia Gas & Electric convertible preferred, American Super Power first preferred and others advanced a point or more. Great Atlantic & Pacific Tea with & rise of 2 points was a leader in the food group. Prudential Investors spot in the investment trust list. Corporate developments included the regular quarterly common dividend dec- laration by National Bond & Share, an initial dividend of 25 cents quarterly on Walgreen Co. the retirement of the last batch of 6 per cent notes by the I B. Kieinert Co. and the huge canned goods sales being conducted’ in the Midwest by Great Atlantic & Pa- cific Tea. The crude ol price cuts at this time will have little effect on _inventory valuations beyond removing from some | balance sheets “hidden assets” put in | such statements by the advance of oil to levels above which inventories several months ago had been adjusted. General Water Works & Electric de- clared its readjustment plan operative, | which means it will acquire certain ad- dition properities from the American Equities Co. This had been discounted | marketwise several mnom um Dividend Sclle Reduced. NEW YORK, December 15 (#).—The New York Life Insurance Co. has re- duced the policyholders’ rividend scale | for the first quarter of 1933 to 90 per {cent of the 1932 payment. Dividends to be paid after the first quarter will be determined later by the directors. Several mutual life companies have now | cut disbursements because of unfavor- | able economic factors. | Tobacco at $15 a Hundred. GREENVILLE, Tenn., December 15 P)—An average of $15 a hundred was | reported today on the Greenville to- bacco market, the sales being estimated at 350,000 pounds. falestn | DOMESTIC BONDS. s. o S 43 58 3Bet ¢ Glx G2 A pipe line group because.of its fractional | C! rise. c with a loss of 4 points was the softest Co Btook and Sale : ¢ Dividend Rate. * Add 00. High. Low. Acme Wirevte.... 1 .5 AfrInvevpt..i... Allied Mills....... 3% Alunlnu-otunw'u nn | Aluma Ltd oam pt. 1M uperpower Am Buper 1stpf 8., Am Buperpower pf. Am Ut &G B vte, Anchor Pest Fenc: Arkansas Nat Gas. Arkansas Nt Gs A, Armstrong Cork. .. ASSOG&EAbE% Asso Tel Utiliti Axton Fish A 3.20.. Benef Ind Loan 1% Biue Ridg: Blue Ridge ¢ pf Bourdols (k25c) .. . L & DU N&B o7 (1805, Bulova Watch cv pt Canadian Marcon!. Carnation Co (75¢). Cellulofd Corp..a.. Cent PubSve A. ... Cont States Elec. .. Cent Sts El cv pfa. Servicept... Seryice (B). Colon 01l % ColOll & A Comwith Edis (I) Comwith & Sou wi Comwith Sc ev pf 6. 6 Cresson Cunuklc). Crocker Wheeler. .. Crowley Milner " Cuban Tob vte... Deere & Co. .. Dubllfer Cond & R. Duke Pow (5)..... East G & Fuel Asso G4 5 East Util Asso (2). 224 East Util Assocv. . % Edison El Bost(12) 170 Eisler Elec Corp... I | Kl B & Share b6% 19 BIBA & Shareprs. B8 39 K1 BAd & Share pf 5. Elec Pwr As(A)60c ElecP&Lt2d pt A 25- EmpG & F 634 % Dt 268 Bmpire G & F 7% ..150s EmpireG&F8%.. 508 Europ Elec deb rt. 3 Tisk Rubber (new) 6 Ford MotorCan A.. 3 5 1 36 Ford Motor France Ford M Lta. - General Aviation. .. Gen G&E cv pf (B). Gen Pun Service pt 208 GlenAldenCoal... 3 8% Gold Seal El new... 17 Goldfield Consol 3 Goldman Sach Gorham v.t.e. GreatA & P 3 GtA &P Teapf (1) 30s 118% Gray Tel PS 123 Hollimeer Gold t15e Horn & Hard (2%). Hudson Bay Mia. . Humble Ol (1).... HuylerS Del e pf 7. Hydro Elec Secur.. Imp Ol of Can §0c. Ind Pipe L (t25¢) InsCoN Am (2) Intercont Pe Int Petrol (1). Int Utll B. Interstate Equities Interst Hos (k65e). Italian Superpw A. Lake Shore Min(13) Lefcourt Realty... Lone Star G bédc. . Long Is Light(40c) Long I L cm ptf B 6.10¢ Louisiana L & Ex Mangel Strs pf. Memphis Nat Gas. Merritt Chap & S.. Afexico-Ohio Ol Midl West Utilitie Mid Wevpfnxw.. Mount & Gulf..... Mountain Prod 80c. Nat American Nat Aviation H ;mn-n!a.-n- PSS 3 13 RN RS ANB S S NN ast Ot I 6’ 54 2 Elec PAL 35 A 2030 as 42 AEmp O & R 51 Federnl Wt B5lzs 54 Tire Bs '42 b nigs 31 cod 8eBrala ’! Gilletie 10l 5 Hous L&P bs A, 53 1 Indne Bat, 5e'a 67 4Insull Ut 6s B dIntersta Pw wa s 3300 "cPa, B ¢ 181 1 Koppers cmd' ‘47 Qwazzzzn PRI S 2 e R3T2BL332332. 59 3" aave fiw ] L3 130 0 08 ' ag 108% 1081 55 AA3, nA3 D0 'S Q NRRR) LLTTY i3 5:13 375 ggezrggs g 0. 23, Q' CAl) EECEL nnv. 100 wn lgfl .1'% 90 '(I ang 90% 90% PEER Rnn’ 48 9329103 N1 DIOIS IO k2370 23 i i =5 g 3\ %2 %o S ey 1 -] naauauuqx:n—nam:—m.@nuu 58 B 1] . ol r i i ! 5 35 £ 08 n-g-g: 582 »hg> g i 21 : ¥ PSR 238302553 31825328 F t Rubber Mch. .. t Transit (80e).. Niag Sh Md B b5%. Nipissing. . Novadel Agene (5). Ohio Copper. Pacit Tin (spel) Penn W & Pw (3).. Phoenix Secur pf.. 1 COTTON CONSUMPTION. By the Associated Press. Cotton consumed during November ‘was reported today by the Census Bu- Teau to have totaled 503,722 bales of lint and 532,325 linters, compared with 502,244 and 57,955 for October this year and 524,228 and 53,967 for November last year. Rubber Consumption Gains. NEW YORK, December 15 W) —Cfllde rubber consumption by Ameris ufacturers in November unlhd Il no tons, compared with 21,018 in October. Imports aggregated 27,080 tons, a de- crease of 23.7 per cent from October. The Manufacturers’ 'JM% siatistics were released by the Rubber ] Market Averages By the Associated Press. s o2 =g fs RERBIES D, s SngEEmey PYSIeS 25553 2o DO~k AN 55, o o) Sefityeas aEutinezen oS 2rs ChowR-uReIRIST oRidiondRDOSNS md IO ESeRey i sR 23R BIERSE! 228 7 e efMatepeiearst | R4t » .. ge 328 300 R gl ] = b s > 1 * 63 18 % 1 2 | US&Int 1stpr. Add 00. Pllol Rl‘l. 'A‘ubc A 1 2% Ploneer GMLtd34e 4 3% Pitney BowPbé%. 1 8% Pitts Forgings.... 8§ 8 Pittsbgh&LE(2%). 508 Pitts Plate Gis (1)., Prudential Inv, . 10 Prudential Invpt ¢ 50s 65 Pub Utll Hid war,, PubUtllHdxw.,, Rainbow Lum B... Reybarn, .. 8t Anthony Gold... 1 8t Regis Paper. . Salt Creek Prod (1) Sec Allled Cp(k25e) Seeman Bros (2%). Selected Industries Sel Ind all cfs(5%) Selfridge Prv Strs.. Shattuck Den Min.. Shawin W&P (60c) Shenandoah Corp, Shenandoah pt. Sllica Gel ot. . Singer Hf‘ Co(8). 10 Smith South Pun Oil (l). SouCalEdpfA1% SouCalEdptB1% Southland Roy 20c. Spanish & Genrcts. 2 20% | Stand O11 Ind (1).. 66 Stand O1l Ky 1.20 Starrett Corp. . 1 Starrett Corp pf... Sufll Stuts Motor Car. Swift&Co.... Swift Intl (t4) Swiss Amer El pf. Tech Hughes (60c) 33 Tobacco Prod Del.. 41 Tubize Cnaullan A. Un Gas of Canada.. United Founder: United Gas. . United Gas war {Unlt Gaa ot 3% 3% [ Unit LiaPwr (4).. * unu Lt & Pwr pt % Utd Milk Prod. Utd Profit Shar. Unit Shoe Mch U S Elec Pwr ww EUT T TS L U 8 Stores, * UIP&Lt. t % Lmllg :qx:a. Van Camp Pack. Venezuela Pete 4 | Walgreen Co (1). Wenden Copper. West Tab&Sta h50c West Va Coal & C. . Woodley Petrol. . .. Wool Ltd k25 1-5¢. “Y" Oll & Gas (A).. (PR 12 N 2 % | cuarterly or semi-annual plyment dividend. 'PI"JY "!rl $Plus 4% a Payal in cash stock. hPA Ahl. oty el Fi in el 37 o AR et Plus 1 in Hock Stock. 'n Plus nPnr lnl nu—no requl 17 % *"4|in December, 1928, $20 1n cash, while 124 | Dividend rates in dollars based en last *Ex | tock. ar rate. HAVE BEEN SMALL * Shipping - and Insurance Firms Only Gainers in Recent Transfers. Bpecial Dispatch to The Btar. NEW YORK, December 15.—The war debt controversy has brought a flood of Questions abou® goid movements. The only gainers in the huge gold movements that have taken place in many parts of the world since Septeme ber, 1931, to date are the shipping and insurance companies. In a period of small imports and exports, they were able to lift their charges on gold ship- ments—and they did. Very few gold shipments have been ‘lost in mid-air or mid-ocean, though cargoes from China and South America come here today heavily guarded inst possible pirate attacks. Gold Payments Rare. If Great Britain had sent to this cuuntry 158 tons of gold to meet its yment of $95.550,000 due on interest 2nd 7 principal, it would have raised this country's monetary gold stocks, assuming % | no other important additions or subtrac- tions took place in the last 15 days of this year, about to the level where they were at the beginning of 1932. To date the country has a net gold loss of $100,~ 000,000 for the year. | QGreat Britain rarely has paid her war | debt installments to us in gold. The 3 |two 1923 payments were entirely in 4| Liberty bonds. The next year two cash payments, $50,000,000 and $141937, were made, the rest being in United States Government securities. In June, 1925, only $76 was paid in cash, the rest being in United States Government bonds, while in December of that year only Government bonds were used. In 1026 United States Government bonds were used to pay the entire debt, and in June, 1927, Britain paid $37 in cash and the rest in Governments. In June, 1928, she paid only 37 cents and {in June, 1929, the cash payment was $13.50 and in December it was $21. Cash Payment. The 1930 payments were made in | cash because Great Britain then could not buy our Government securities at | less than par. The first 1931 payment 5% | was made in cash. The payments due | December, 1931, and June, 1932, were « | subject to the moratorium. Although the public never pays any | attention to “earmarked” gold, as a | less spectacular transaction than an actual shipment, it means a loss or ad- | dition to our gold stocks just as much in |85 an export or import of the yellow 5% | metal, for such gold is at once sepa- é‘ |rated from or added to our present ' monetary gold pile (Copyright, 1y 24 * 14 1932.) of Your I H. L. RUS 1001 Fifteenth Street PROPERTY Apartment House MORTGAGE NOTES Secured on residences and i in- come-producing properties in the District of Columbia and ld’lcent Maryland suburbs. Safe—Profitable—Convensent and fixed return from money profitably invested. Permit Us to Offer Our Facilities for the Placing 'nvestment Funds T COMPANY National 8100 MANAGEMENT MANAGEMENT 925 15th St. N.W. MORTGAGE ALL the problems in con- nection with the conduct of the management of your apartment house properties will have the very best solution when they are placed under our charge. Our experience and our facilities render our. man- agement especially capable and successful. The fee for this complete service is very nominal. SAUL CO:. NArtl 2100 LOANS pa— 7 Modern Offices At Low Rentals Close to all the New Government Buildings * Thpe Convenlent, modern offices 'nln&.hmwl'hichmm nrucnt condi- & few suites vadl- Ahh.lhge-u now ;elm exceed Office, 610 Star Ext. 203