Evening Star Newspaper, December 20, 1932, Page 14

14 #xx FINANCIAL. THE EVENING STAR, “'ASHINGTO.\', D. C., TUESDAY, DECEMBER 20, 1932. FINANCIAL, “ WILL BE REFUNDED Issue of $8,400,000 in Mort-| gage Bonds Planned in Near Future. LY EDWARD C. STONE. ‘The Washington Gas Light Co. Is| 1gcon to ofier an issue of $8,400,000 re- *"§ nding morigage bonds, to be dated ganuary 1, 1933, and duc in 1958. It is understood 1 the financial dis- 1 that the new Fonds will be priced around 93, which d mean an ap- proximate vield of 5.50. and to indivi- d holders in the District about 6 fyor cent, as they be tax free. 9 47 16%% 63'a 31a 16% 35 8 8814 15% 10 ; . per gold notes 1S jaue in 1933 and ithe $4.000,000 Gas iLight 6 per cent, eries A, Donds I yerne p. Simmons. ialso due in 1933. The refinancing is largely to take| jcare of these two maturing issues which ‘together call fc. §¢.532,200. It is said | !the gas company also has some $1.-| #000.000 in bank loans required in the| Jormal operation of the big utility | ;plant, so that the officials decided to | qmake the new issue $8.400.000 | " President Marcy Sperry and the di-| rectors have been working on the details Hor some time. It is understood that 'the gas company will refund to Wash-| ton investors the District of Colum- Pia intangible tax of ': of 1 per cent, l:ms making the net yield equivalent o that received on a 6 per cent taxible ond. The bonds will also carry to 2 er cent Federal income tax freel ovenant. | The issue will be offered simultane- | usly throughout the country. In view ¢ the fact that approximately $6.000.- sx‘fl of the maturing bonds are held in| hington, it is considered quite prob- | ‘mble among local financers that there I be a lively demand here for the Dew issue. It is stated that the new i bonds will have the same standing as | | the Washington Gas Light 6s. series B, * pow have. The Washington Gas Light Co. was established in 1848 and has never yet | passed & dividend. This is the first . financing the company has undertaken i since 1923 when Ord Preston, now president of the Union Trust Co., was | head of the concern. Simmons Urges Christmas Thrift. Verne P. Simmons, member of the - staff of the United States Bureau of | Efficiency, made a strong plea for mem- | bership in Christmas savings clubs, in | _@ radio address last night, sponsored by the Bank of Commerce & Savings. Mr. Simmons said in part “Present_conditions require that more gttention be given to our individual financial programs. Practically every- one is receiving diminished incomes | @nd, at the same time, more demands and requests for financial aid. These ronditions make it more difficult for | the individual to plan the budget. and | saving becomes more vital than ever. “Unless provision is made to deduct | from income at_regular intervals a specific amount, however small, the | average salaried person and wage earner will find that current income will| seldom_exceed current expenses. On the other hand, if provision is made to make weekly payments on a Christ- mas savings account, you will find that the remaining income will still meet| expenses and, in addition. you will be building a reserve for relief of an al- ready ever burdened financial load. It is a long step toward financial inde- | pendence. So I suggest that you set aside your savings first. Then you can | spend the rest. “I cail upon you. fathers and mothers, to recognize the value of saving and to| teach your children accordingly. The | family circle is the one institution that | must keep going as all progress depends upon it. There rests with every parent | ponsibility transcending all others | rtance, of guiding their children | in forming the proper habits of living | and saving. A child cannot practice saving without obtaining benefits in | other ways. We know that the habits Sormed in chilchood have a greater in- | fluence on the life of the individual | ghan any other element I “This is one way rebuilding can come | v—the rebuilding of America—the re- | building of the entire world. If we will gave and become thrifty we can do our part to raise the nations of the world from the chaos of devastation | #nd cebt. Thrift is patrigtism, and as | one great leader stated, ‘In peace or in | war, thrift is the strong right arm of rivilization." " Bond Club Holds Luncheon. ‘Thne Washington Bond Club held its first luncheon meeting of the season yesterday noon at the Carlton Hotel, . Baker Robinson partner in Y. E Booker & Co.. being in the chair. There Wwas a large attendance present and the Year started off with considerable en- | thusiasm. l‘ The guest speaker was David Law- rence. editor and publisher of the | United States Daily. Mr. Lawrence gave a very interesting talk on the financial outlook as he sees it The opinion among the Bond Club members is that things will be better during the coming vear. even though there are still many adjustments to be complcted. They believe that the bot- tom was hit and passed last July. | In addition to President Robinson, this vear's officers include Frank P. Morse, vice president; James P. Nolan, r etary - treasurer, and James H. | ~mon and Carl R. Kurt, members of | $he board of governors. | Regular Dividend Voted. | The regular dividend. at the rate of per cent per annum. was declared to- | Ay at the regular monthly board meet- | ng of the directors of the Prudential Building Association. The dividend is ayable on January 1, 1933, to the tookholders of record as of December 5 The annual meeting of the stock- hoiders of the association will be held January 10, at the offices of the as- €ociation, in_the Second National Bank Building. Directors of the association re John B. Colpoys. Hugh Reid. T. Howard Duckett. Harvey L. Cobb, ‘homas E. Hampton, Curtis Walker, uther C. Steward and Thomas D. Wis. Today's D. C. Exchange Trading. On the Washington Stock Excha ge | ;oda.\' Capltal Traction 5s were active, | pening at 38 and closing at 37!.. Cap- tal Traction stock was stronger. clos- ing up to 4. after Tal small-lot transfers. Georgetown Gas Light 5s moved at 102 NEW YORK BANK XEE 31 . VS{'OCKS NEW YORK. December 20 (). —Over- the-counter market (Quotations as of 2 o'clock.) BANKS, hase National (2)... ‘ommercial (8) ‘fih Avenue (33a) irst_National (100 National City Public (2) xd. . TRUST COMPANIES. Bankers (1) coklyn Tius Hanover < e Empire (1.0 Guaranty o Irving (1.60) 877 yited States (G0) 32% 48) Inciudee extra, Suiey SPTRH ZPrev. jon2 fen. Lo Stock and Dividend Ri 1% Adams Kxpre: 1's Adv Rumley. - 410 AMiliated Prod 1.60. 3072 Air Reduction (3) 1, Airway Elec Appl. 7% Alaska Juneau (50¢). % Allerhany Corp. .... 3, ‘Alleg Corp pf 330ww 42'5 Alifed Chem & D (6). 4 Allis-Chalmers Mfg. 4'z Alpha Port Cement. . '\« Amal Leather....... 3'3 Am Ag Chem (Del).. 5 Am Bank Note. . . 28 Am Bank Note pf (3) 1 Am Beet Sugarpf... 6'; Am Brake Sh&F(60c’ Am Can (4)...... Am Can Co pf (7)... Am Car & Foundry. . Am Car&Foundry pf. AmChain.......... Am Chicle (13) ‘Am Comc’l Alcohol . . Am & Foreign Pwr. . Am & For Pwr pf(7). Am & For Pwr 24 pf. Am Haw Stship (1) ‘Am Hide & Leath pf. Am Home Prod 4.20 Amce Co Am International. . Am La France&Fom. Am Locomotive..... Am Locomotive pt. . ‘Am Mach&Fdy (30¢). Am Metal Co.... Am Power & Light AmP&LtPLA (2'3). Am Pwr & Lt pf (3) Am Radfator. . ‘Am Rolling Miils. Am Seating. .. Am Ship & Com . Am Smelt & Ref. . Am Smeit & Ref pf.. Am Steal Foundry... Am Am Sugar (2). Am Tel & Tel (9). Am Tobacco (16) . Am Tobacco B (16 ‘Am Tobacco pe (6).. pe Founders. . Am Type Fdrspf.... Am Wat Wks etfs(1) Am Woolen. .. Am Woolen pf. . Am Zinc & Lead. Anaconda Copper. ‘Anchor Cap (60¢) ... Andes Copper. ... Armour of 111 (A). Armour of 1Nl pt. Arnold Constable Art Metal Construct. Associated Apparel. . c Lry Goods. ... 550 DIy G 1St pf.. Atchison. E Atchison pi . Atlantic Coast Line. . Atlantic Refining (1) . Atlas Powder 5 2 Atlas Powder pf (6). Atlas Tack Auburn Motor (f4).. Avation Corp (Del).. 2 Baldwin Locomot. .. Baldwin Locomot pf. Baltimore & Ohfo. Baltimore & Ohio pf. Bamberger pf (6'3). Bangor & Arostk(2). Barnsdall Corp Beatrice Creamery. . Beatrice Crm pf Belding-Hemingw Belg N Ry pt pf 4.08. Bendix Aviation. Bethlehem Steel. Bethlehem Steel pf. - anford. ... Boan Alumn & Brass 2). Boston & Ma Briges Mfg Co 5 Bkyn Manhat Tran. . Bklyn Man Tr pt ( Bklyn Union Gas( Bucyrus-Erie.... Bucvrus-Erie cv pf. » Budd (E G) Mfg : Budd Wheel. Bullard Co..... Bulova Watch. Burns Bros (A) vte. Burns Brospf....... Burroughs AM(40c). Bush Term'l deb stk. Butte Copper & Zinc. 2 Butte & Superfor.... Butterick Co. Bvers (A M). 6 Canada Dry G L Canalian Pacific. ... < Capital Admin (A).L 167 Case (J 1) Co.. 30 Case (JT)Copf (7). terpillar Trac 30¢ elotex pt : Th Cent Aguirre (1%).. 31, Cerro de Pasco...... *u Certain-teed Prod 6 Certain-teed pf 9% Ches & Ohio (213) 47y Chesapeake Corp (2) 1'¢ Chi Great Western. . 2'; Chi Great Westn pt. 3, Chi Mil StP & Pac... 114 Chi Mil StP & Pac pt. 2 Chi& Northwestern. 5 Chi& Northwest pf.. 1 Chi Pneumatic Tool., 21, Chi Pneu Tool pf.... 4 Ch!Rock1& Pac. 2 ChiRI&Pac6% pf. 4'¢ ChiR1& Pac 7% pf. 612 Chi Yellow Cab (1).. 1': Childs Company 5 Chrysler Corp (1)... 11 City Ice & Fuel (2).. 43% City Ice&Fuel pf 6, 4% City Investing (5).. 10 Cluett-Peabody (1). 681 Coea-Cola Co (7). 4150 Coca Cola (A) (3). .. 10% Colgate-Palm-P (1). 65 Colg-Palm-P pf (6). 21, Collins & Alkman. olo Fuel & Iron pf. 8 Colo & South 1st pf.. 23 21¢ Columbia Gas (b1).. 40 Colunb Gaspf A (6). 4. Columbia Pic ctfs. .. 13'; Columb Carbon (2). 374 Commercial Credit. . 113 Comel Credit A (3).. 107 Comel Inv Trust (2). 31, Comcl Solv (60c). s Comwlth & Southn. . 27% Comwlth & Sou pf(6) 6!, Congol-Natrn (§0e). 17 Consol Cgr pr pf 6% . 19 Consol Cigars pt( 1 Consol Film.. Consol Film pf 311, Con<ol Gas N 721, Consol Gas NY pf(5) 4'; Consol Launé 4 Consol Ol Corp. ... 1% Cons RR of Cuba pf. 14 Consol Textile. . 27¢ Cont! Baking (A) 1, Contl Baking (B). 2434 Contl Baking pf (4).. 17 Contl Can (2).... 3 Contl Diamond Fibre 6% Contl Insur (1.20) Sont Motors. . Cork & Seal- Crucible Steel pf. Cuba Co. s % Cuhan-Am Sugar. Cdahy Pack (213) 7 Curtis Publishing 45 Curtis Publish pf(7). s CuYtiss-Wright.. 112 Curtiss-Wright (A). Cutier Hamme: 1 Davison Chemical. 614 Deere & Co pf (40c).. 32 Del & Hudson (6).... 8!; Del Lack & Westn. 12 Diamond Match (1).. 20" Diamond Mach pf 113 713 Dome Mines (11.40) 11% Domin Stores (+13%) 5 Doug Alrcraft (75¢). 215 Dresser(SR)Mfg(B) 23 Drug Corp (4).. Dupont de Nem (2) Dupont deN db pf(§) 15 . 87 Duques LtIstpt 5). 35% Eastman Kodak (3). 104% Eastman Kod pf (6). 3 Eaton Mfg Co.. 813 Elec Auto-L (1.20) Elec Auto Lite pf(7). 9 8 “ « wu BrewmrREANeD R e S anwane (-4 w ¢t _given in thi Bales— Add 00. High. [ 215 o, 59% 1t 13% 1 2% 81 s ™ edition. paper. Net Low. Close. Chae. 5k bl 21 24 9 9 5T% 5T LT LY 134 131 1 T 21 2 R 9 T2 T 8¢ 1n 368 2% 10% 53% 1181 6 174 3 L [ NOTE—Today's individs Sales of each stock In this ed ~Prev. 1932 High. 213 4 16 5513 331 2, ate 2% 57 19 11% 157 100 21y 28 Stock and Low. Dividend Rate. 13 Electric Boat........ 7y Elec & Musical Instr. 2% Elec Pwr & Lt. . 87 Flec Pwr & Lt (2) 12% Elec Storage Bat (2). s Elk Horn Coal. . o 16 Endicott-Johnson(3) 4 Engineers PubSvc. 18 EngPSpfww(5%). 11'; Equi Office Bldg 174 2 ErieRR... 2% Erie R R1st p 2 FrieRR2dpf.. 13 Evans Auto Prod 15 Fed Mines&Sm . 1'; Federal Mot Truck.. 12 Federal Screw Wks. Fidelity-Phoen 1.20. Firestone T & R (1).. Firestone T&R pf(6) First Natl Stores 2%, « Fisk Rubber. sk Rubber 1st b ollanshee Bros. Foster-Wheelsr. . Foundation Co Fourth Nat Inv Fox Film (A). - Franklin Smn pf(7). Freeport-Texas (2) Fuller Co 2a pf .. Gamewell Co ien Am Investors. .. Gen Am Inv pf ww 6. Gen Am Tank Car(1) Gen Asphalt. ... 2 Gen Baking (2). 4 Gen Bronze. . Gen Cable pf. Gen Cigar (4). Gen Electric (40¢) en Foods (2).... on Gas & Elec (A). n G&E ev nf Al B pLA (). Epf A (p8). h Mills (3).. 1 Mills pt (6) ien Motors (1) Gen Motors pf en Outdoor Adv (A) Gen Public Serviee. . 1 Rwy Signal (1) en Nealty & Utl. .. alty & Util pf. Gen Steel Casaing pf., Gillette Saf Raz (1). Gillette Glidden Co. . Gobel (Adolf). 014 Dust (1.60) old Dust pf (6).... oodrich (BF)..... oodrich (RF) pf... oodyear Tire&Rub, oodyear 1st pt 108 45 and Union pf (3). rant (WT) (1).... eat Northern pf thern Ore « Halin Dept & . Tty Hahn Dept Stores pf. 2 Hamilton Watch. Hanna pt an Corp (B). Hat Corp (A)... Hercules Motor Hershey Choe (6) ... Homestake Min(+10) Houdailie-Hersh (B) Househd Fin pf 4.20. Houston Oil. 3 Houston Oil (now)’, Howe Sound (40¢). Hudson & Man ¢ 2. Hudson Motor Ca 113 Hupp Motors @w wlaehaldl o 33 36" 102 101 5413 118 5% 18% 82 +1 543 — % 18 +1 5% 184 — % 82 201 a8y 84 4% a Tilinois Central. Hlinois Central pf Ind.an Motor Cyele. lian Refining. . trial Rayon tand (2 Inland Steel. . . Inspiration Copper. . Insuranshares (Del) Insuranshares (Md) . Interboro It Intercontl 1 it Carriers Ltd 2ue. IntCement......... 415 Int Combustion pf . Int Harvester (1.20). In: Hydro-Elee (A). Int Merchant M Int Nickel of Can. Int Nick Can pf (7). i s Paper & Pwr (A). Int Paper & Pwr (C). It Paner & Pwr e, | Tt Printe Ink ne (8) Int Rys Cent Am. Int Rys Cent Am p! Int Salt (11 It Siiver Int Silver pf (4) Tele & Tele; . erstate Dept St 2% Intertype Corp 10, Island Creek Coal(2) 10 30 Johns-Manvlile - Jones & Laugh pf(3) 113 Ny 4 10% 19 19 1874 36 283 601y a1, 20% 14% 163 114 29% 1 142 18% 31% 27% 125 105 901 K C P&Lt 15t pf B(6) 3 K ann Dept St.. 13 Kelly Spring Tire. .. « Kelsey-Hayes Wheel 2% Kelvinator Corp..... 47¢ Kennecott Copper... 10 Krozer Grocery (1) mbert Co (15). e Leh Port Cemen Lehigh Valiey Coal Lehigh Val Coal pt.. Lehigh Valley R ¥ Lehman Corp (2.40) . Libbey Owens Glass. Liggett & Myers( Ligs & Myers B (15). L yers pf (7). Lily Tulip Cup (11;) 4 Locomotive. . Link Belt (80¢)..... Liquid Carbanic Loew's, In¢ (3). Loft Inc. > Long Bell Lumb(A) . Loose-Wiles Bis (2). Lorillard (P) (1.20), Lorillard (P) pf (7). Louisiana Oil. . Lo isiana Oil Ref pf. Lou Gas&El Louisville MeCall Corpn (2) Mc McCrory Strs pt (6). MetGraw Hill Pub. ... ity Por Mt1%) ecsport T I (4). sson & Robbins son & Robs pt McLellan Stores pf.. Mack Trucks (1). . 17 Macy (RH) & Co (2) 1'4 Mandell Brothers. ... 4 Manhat Elev mod gtd 612 Marine Midld (80c).. : Marmon Motor Car. Marshall Field & Co. Martin Parry., Mathieson Alk (134) Sept Stores (1 Ytag pf ww. ... Melville ¢ Menzel Co Mengel Co pf. Mid Continent Petm. MStP&S S Marie. .. Mo Kan & Texas, Mo Kan & Texas pf Missouri Pacific. ... Missouri Pacific . Mohawk Carpet. . Monsanto Chem 1% 31 Montgomery Ward 1 Mother Lode. ....... 1, Moter Meter G & El.. 7% Motor Products (2).. Mutlins Mfg pf. 13 28 1w 314 ) 10 10 2 Nash Chat & St L. Na. Bella Hess pf. Nat B.scuit (2.80). Nat Biscuit pf (). Nart Cash Reg (A). Nat Dairy Prod (2) Nat Distillers. ... Nat Lead pf A (7). Nat Lead pf B (8 101 62 14% 13 87 61 -3% . 20% 6% Nat Pwr & Lt (1) n Bafes— Add 00 x-nlm. 1% 6ia 15% 1 200; 2608s 181 3 17 708 110 30s 81 .29 1% this_edition. 7's paver. Low. Close. Che. | High. 1 1% 6in 15% Un 1% Net 2 14 Low. 337% 1313 Nat Steel (50c).. 1312 4 1 24 8% 11 Nat Surety Nevada Con Copper. N Y Central. N Y Chicago & St Y Chi & St L of. NY & Harlem (5). Y Investors NYNHG&Hartford. 13 1 NYNH&Hartpf... 2 26\ NY Ont & Western. . Neisner Brothers. 2 20 103 NOTE—Toda' les of Add 00, High. Low. Close. Chge x 33 19% Nat Supply pf.... 244 7 19% 24% 6% 2 % 19% 2% 213 103 ‘. 5 4 13% 261 ™ 4% kY 3 370 ™ 2% N 'Y Shipbuilding. 2 2 4 N Y Shipbldg pf (7). 3 Noranda M1 Norfolk & Southern. . Norfolk & West (8).. Norf & Westn pt (4). 4 North Am Aviation.. Nor Amer(b10% stk Northern Pactfic. . 3 Norwalk Tire & Rub. 5 ONhlo Oll (850C)...... 1; Oliver Farm Equip. 1'; Omnibus Corp. . 3 Oppenheim Collins. 9 Otis Elevator (1). 114 Otis Steel 31a Otis Steel pr p Owens 11l Glaxs (2 B ic Coust 15t b s Pacific Gas & El (2)., Pacific Lighting (3) : Packard Motor Car. . Panhandle Pro&Ref . 2 Paramount Publix. Park Utah Patino Mines...... Peerless Motor Car. Penick & Ford (13). Penney (1 C) (1.80). : Penna Raflro - Peoples Gas Chi (5) Tere Manquette. . rquette pf... rauette pr pf PetMile o Petrol Corp of Am Phelps Dodge Phila Co ts United pf., tston Co t Ric Am Tob(B) . Pressed Steel Car pf. Proctor & Gamble(2) Proc & G 5 Produc Prod & I Public Punlic Public : Public Sy d Pullman Corp (3). PureOil.... Purity Haker TEl+1 11 1+ Ao Corp. . ..- lio Corp pf B. Radio-Keith-Orph. Raybestos-Man (60c) wding Rwy (1).... al Silk Hosiery. ... 1l Silk Hoslery pf. mington-Rand. . m Rand 1st pf. » Reo Motor Car “x Republi Revnolds Richfield Oil........ Rossia Ins of Amer 59'¢ 90 30'y 60 69 o feway Strs pf (6). afeway Strs ne (1) T Joseph Southw vage Arms chulte Rteta Seaboard Oil Del 40e. ave Corp ears Roebuck ervel Inc.... Sharp & Dohme. . hartuck (FG) ( ShellUnion Ofl. hell Unton Oil p immons C Southern Cal Ed(2) Southern Pacific. ADYERTISING HEPS FARM PRODUCT SALE Eggs. Sugar and Flour Consump- tion Increased by Campaign of Mills Company. Special Dispatch to The Star. sumption of certain farm products, such as eggs, sugar and flour, is shown by a | statement made by General Mills, mc.b‘ During the week of November 27, 26,- | | 000.000 eggs, 1,500,000 pounds of sugar and 531,000 pounds of flour, over and | above normal consumption of these products, were used to make 2,000,000 angel food cakes, which were sold by commercial bakers that week as a result of the bakers' advertising program of General Mills, Inc. This achievement | indicates the potential resources of the home market for American products and what can be accomplished by an in- tensive advertising program. Thousands of bakers featured in their local newspaper and display advertising the cake, which was made according to | the formula advocated by Betty Crocker, | General Mills dietician. Since the prod- | or grocer. the results of this sales ef- | fort could be definitely and immediately | traced. | “The success of this plan,” said James | 1 F. Bell, president of General Mills. Inc., '21%is another proof that the American +Imarket is the best market for the .| American farmer. The large increase in the consumption of basic farm prod- ucts—eggs, sugar and wheat—was ac- cgmplu\hed in one week through this eflort.” SILVER QUOTATIONS. NEW YORK, December 20 (M.—Barw’ silver steady: unchanged at 2514. | P ey INVESTMENT TRUSTS NEW YORK, Deccember 20 (#).— | Over-the-counter market. (Quotations as of 12 o’clock.) > am Bank stock. .. W | Ballock Fund _ . 1, Central Nat Corp Central Nat Corp “B’ Century Tr Shrs Cumulatve Tx Sh SO st Corporate Trust A A Corporate Trust Accum Dividend Shrs ... Pund Tr Shrs A.. Fund Tr Shrs B. Major Corp Shrs Mass Invest Tr.. Nation Wide Sec vtc. N Y Bk Tr Shrs. Nor Am Tr Share: Nor Am Tr Sh 1 Nor Am Tr Sh 18956 Super of Am Tr A.. Super of Am Tr AA Super of Am Tr B Super of Am Tr BB Super of Am Ty C Super of Am_Tr D! Trust Pund Shrs Trusteed Am Bk In a recent week nearly 790,000 na- + % tional savings certificatés were sold in - ¥ Britain, . . w (a1.10). 160 115 3. 331 165 % 114 8115 ERS 27% 13% 1y 612 15 21 5 815 17% 13% 91 140 2 9y ™ 4 24"y Add 00 High, 13 6z 40 11, 42 154 121 13% 22% 40 46 24"y 981y 151, 29% Low. Close. Chge. 6l — Y 1% 150 121 3 Southern Railway pf Sparks-Withington. . 0 indard Brands (1). and Hrands pf (7). and Gas&El (1.20), Stand Gas&Ei pf (4). Stand Gas& Stand Gas& Il pt (7). Stand Ol Calif (2).. Stand Oil Exp pf (5). Stand O11 Stand 011 L Stewart Warner. Rrone & Wel Studebaker Corp Sun Oil pf (8) . uperheater Co Superior O11 24 Superior Ste 1 Tennessee Corp. 9'4 Texas Corp (1) Tex Gul ph (). Tex Pacific Coal&Oll, ex Pacific Land Tr. Thatcher Mz Co. Thermoid Co Thompson T 5 Tide Water Asso Oil. Tide Water As pf (6) Timken Roller Bx(1) Transamerica Corp. . Tri-Contl Corp...... Tri-Contl Corp pf(6). 19% Trico Products(233). 17 2 Trusgon Steel. . 1 1% Twin City Rap Tran. 2 7 _Twin City Rap Tr pf. 50s W % 241, 36% 15% NI Litd+tdd 10% 23% P4 1 694, ock ‘e in stock. Stock 5 Pavabie in Th Und-Ell-Fisher 151, Un Carblde & 8 Un Oil of Calif (1) 27% Union Pacific (6). 11% U'n Tank Car (1.40). 6'3 Unit Alreraft. . 300 ireraft pf (3). 313 20 23, 10 nit Corp (40c). 1t Corp pf (3) nit Electrie nit Fruit (2)..... 914 Unit Gas&Im (1.20) 70 Unit Gas&Im pf (5) 13 U S & Forn Secur. 100 U psum (1.60).. U S Hoffman. ... 1 8 Indus Alcohol... TS Leather (A)..... Pipe & Fdry (2) . e v L4 1 It b v 1 v © - v 31 214 b1’y 3 United S! - Unit Stores pf (31). 12 UnivLeaf Tob (2) 23 Univr 1'; Util Pwr & Lt (A) 5i Vanad '; Va-Car Chemical. .. 3i. Va-Car Chem 6% pf. 24 ar Chem 7% bt. an Detinning. .. 27 308 Wabash pf (A). Walworth Co. 3 Ward Baking (B)... Warn Bros Pictures. Warner Quinlan Warren Bros. .. Warren Bros cv pf. . + Webster-Eisen!hr pf Wes<on Of1 & Sn (1). West I . : West Pa Pwrpf (6). West 'a Pwrpf (7). ¥ pf B. Western Western Westing'se Air B Westinghouse Elec Wes <elst (33 ck M ewing Mach . ox O1] & Gas. . Wiilys-Overland. Wilson & Co pf. Woolworth (2.40) Wriglev (Wm) (3 ‘e & Towne (1) Fellow Trick. How Truck pf Young Spri Younestown enith Radio. 2 Zonite Products 10 Sales of Stocks on New York Exchange. .. 140,000 12:00 Noon. 0.000 2:10 P, en in the above table R Year e Payable 1n cash or stock Lus 87, {Plus S1 1n special preferred stock jast’ year—no regular rate. n Plus k Plus 3% in m Pa Grain Market By the Associated Press. CHICAGO. December justment of accounts to prepare for a | United States Government crop report led to price recoveries in grains late but failed to overcome early | toda losses An unusual situation in the wheat market was that traders were forced to | compare prices here with fresh breaks MINNEAPOLIS, Minn.. December 20. | jn Liverpool quotations toda: —How advertising increased the con- | point unparalleled in 344 years. Drought from domestic Winter wheat | territory southwest persisted. reports Wheat vesterday’ losed unsettled. finish: com cents decline. WHEAT— Open Deceinber May .. July CORN— December . M2y ..... July ... OATS - December May July RYE— May July U. 5. TREASURY BALANCE. By the Associated Press. Voot 1,-1, up: oats unchanged down, and provisions unchanged to 20 Low New York Cotton Special Dispatch to The Star. NEW YORK. December 20.—Initial cotton prices here today ranged from a decline of 1 point to a gain of 4 points. This movement followed a drop in Bremen, an easier tone in Liverpool, a cotton ginning report showing a de- cline of more than 3.000.000 bales, as compared with last year, and an Indian cotton forecast that production there for the year will be up 3 per cent. Opening prices were: December, 5.93, off 1. Januar; unchanged: March, 7620, up 2: July. 6.31. up 1; October, 6.52, up 4. 20. — Read- to a low 1,5, under off to to lg-ly GOLD STOCKS GAIN. NEW YORK. December 20 ().—Gold | stocks of the United States showed a ! net gain of $2.034.800 yesterday. Re- leases of foreign earmarked metal to- | taled $2.027.800. while ceived at the New York Federal Re- , | serve Bank from Mexico. Close. (Reported by Chas. D. Barney & Co) Rate—_Maturity Treasury receipts for December 17 were $68,441,261.37; expenditures, $66 907,362.27: balance, ber were $13,574,364.08. — l?rar. Augusto Murri, Ttalian PROPERTY $688,649.346.7: uct could be bought only from a baker | Cystoms duties for 17 days of Decem- I3 the famous ' - urgeon, died recently aged 91 MANAGEMENT Apartment House MANAGEMENT F you will place your apart- ment house properties in charge of ‘our Property Man- agement Department you will not only be relieved of all the worries incidental to the oper- ating details; but you will have the assurance that the net re- turn from your investment will be all that is possible. We will be glad to consult with you without obligation concerning this service. B. F. SAUL CO. - 925 15th St. N.W. MORTGAGE NA¢l 2100 LOANS TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE | STOCKS IRREGULAR IN SAGGING TREND |Selling of Steel Issues Af- fects Other Groups. Trading Quiet, -- | BY GEORGE T. HUGHES. 7 | Special Dispatch to The Btar, | NEW YORK, December R0.—inset- | tled by the weakness in United States | Steel shares and the selling In specue | lative railway bonds, today's stock mare | ket was moderately reactionary. | Losses ran from 1 to 3 points, with the utilities making better cesistance than the industrials. Volume was not especially large and there was no sign of hasty liquidation, but on the other hand support was lacking. Sterling exchange at $3.33 was at a new high on the recovery. Francs were off a small fraction. Commodity movements were mixed. The grains left off fractionally lower. Coffee ral- lied 10 to 20 points and sugar was up 1 to 3 points. Rubber improved. Toward the end the stock market ral- | lied slightly on covering. ‘The selling in Unitea States Steel common and preferred appeared di- rectly at the start. Both issues made new lows on this reaction as the com- | mon dipped under 28 and the pre- ferred under 57 in the first hour. The | extreme bear market low for steel com- mon was 21'y on June 28 and the low for the preferred 51} on the same cay, | so that at these prices the common was over 6 points zbove its low and the preferred about 5 points. It is believed that the short interest in bown is large. Tobacco stecks were soft. American Tobacco “B” was down from 2 to 3 points. as was Liggett & Myers “B." ‘The stocks were influenced by unfavor- | able tobacco sales statistics. Loew's was reactionary. down at one time 2 points. American Telephone & Telegraph. sell- ing “ex” the $225 quarterly dividend, dropped back something over a point but was relatively better supported Railway shares were inactive but most of them lower. Delaware & Hud- son and Union Pacific had the largest losses. The heaviress, however, was more sympathetic with that in the rest of the list than with ary news relating to the railways. Announcement of a recevership for the Central of Georgia was not a factor in the market In another quarter where outside de- velopments might have bee: expected to influence prices, there was little of it. The latest reduction in [ ne charges were not reflected in the mar- ket for the oil shares. As a matter of fact the leaders in the industry be- lieve that the new price icture is sound and that in the Jorg run pro- ducers and _distributors will benefit therefrom. The oils were off fraction- | ally, but that was all DIVIDENDS ANNOU-NCED NEW YORK. December 20 (#) — Extra New Process Dec. 30 | Elec Housenold Deferred, 1st cu pt.s Q Rexular. & Co_Lid Viau Bis 000ONO00s POOD SHORT-TERM SECURITIES. (Reported by CI D. Barrey & Chal 38 1080 10 | | YOU DON'T HAVE TO PUNCH A CLOCK if you have the punch. For information address Box 312 office. ~ BANK & INSURANCE Stock Analysis for December Available Upon Request Ferris, Woodroof & Lewis, Inc. Investment Secur, Washington Building Nat. 5 . Star T INVEST YOUR_ XMAS MONEY IN SAFE FIRST MORTGAGES offer a list of weil chose: r g propertics in t | —sec: by direct Fi backed by our enormous In Denominations as Low as %100 Monthly Payments If Desired REAL ESTATE_MORTGAGE AND GUARANTY CORP. 1610 K Street v 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. First Mortgage Money Funds Available for CONSTRUCTION LOANS or LOANS ON IMPROVED PROPERTY Reasonable rates. Promst action. B. F. SAUL CO. 925 15th St. Natl. 2100