Evening Star Newspaper, December 20, 1932, Page 15

FINA JUNIOR RAIL BOND GROUP SELLS OFF Offerings Tend to Unsettle Market—Utilities Hold Recent Gains. BY CHARLES F. SPEARE. Bpecial Dispatch to The Star. NEW YORK, December 20.—An in- creased supply of offerings of junior railroad bonds appeared in the market today and unsettled this division of it. The liquidation was due to taking losses for income tax purposes and to the receivership announced overnight of a small railroad system in the South. The weakest group were the Missouri Pacific refunding 5s, which dropped to a level of about 20, while the 5!5s and general 4s sold lower than they have been since last Spring. Central of | Georgia 5s, which are expected to de- fault, dropped 5 points. Louisville & Nashville 4155 and Great Northern 7Ts were each off 2 points and Minneapolis, St. Paul & Saulte Ste. Marie 5s had a like drop. Other losses were a point in Southern Pacific 4!2s and in Erie refunding 5s. Chicago & Northwest- ern, Illinois Central, Rock Island and gsmmme & Ohio issues were also eay Unlted Drug 5s, after Monday's spec- tacular rise, declined over a point. There were quite heavy offerings of McKesson & Robbins 51:s around 35. Paramount- Publix 5125 dropped a point. Interna- tional Telephone 4125 and 5s were off 15 to a point. There was a fractional loss in Western Union S5s. The best grade public utilities held |, their gains, with Consolidated Gas 5s and 5';s at the highest of the year. In the United States Government | market the Liberty 3!,s sold slightly | above their previous high for 1932 and | the 3%s, the strongest of the long-term issues, duplicated last week's high. The ‘Treasury 3s rose about 4. Among the foreign issues the con- tinued heaviness of Argentine 6s, which broke through 40, attracted attention.| German government 7s lost a point | while German public utilities and mu- nicipals were up 1 to 11; points. ‘There, was a sharp recovery in French T7'.s, which have regained over 3 points oflnemuma s'49... 18 | Belgium 7s last week’s maximum decline of 5 points. United Kingdom 5!5s sold close to 106, which represents a gain of over § points | from their low several weeks ago. EQUAL TRANSPORTATION COMPETITION IS URGED | fiifl,"éfi Dros By the Associated Press. CINCINNATI, Ohio, December 20—; The National Railroad Employes 2nd | Taxpayers' Association met here to per- | feet its organization in efforts to secure | legislation equalizng competition be- tween railroads and other transporta- | tion agencles. association effected temporary organization at Chicago in September. | J. G. Lyne of New York is acting chair- | man and H. O. Hewitt of Portsmouth, ©Ohio, acting secretary. Lyne contended taxes paid by truck | and bus lines are used only for high-| way maintenance, while taves assessed against railroads are used for all Gov- | ernment activities. “We are not advocating that our com- petitors be taxed and regulated out of existence,” he said. “What we want is an equal basis of competition.” | He estimated the organization’s mem- | bership at 2,000,000 Bankers Entertain Employes. BALTIMORE, December 20 (Spe-/ cial).—Mackubin, Goodrich & Co., local investment bankers, entertained em- ployes of both their Baltimore and| Washington offices at a dinner dance Saturday evening in the ball room of | the Lord Baltimore Hotel. This was the annual Christmas party which the firm has given for a number of years. About 128 persons attended. ' ——— Washington Stock Exchange; SALES. Capital Traction 5s—$1,000 at 38, $1,000 | 37%, $1,000 at 3712, $500 at 37'z, | $500 at 37!2 Capital ’Pral:tion Co.—10 at 4%, 10 at | Chi 415, 10 at 43,. Pommac Electric 512% pfd—10 at 10712, | AFTER CALL. Capital Traction Co.—10 at 4 4. Gem-g:wwn Gas 55—$500 at 102. Capital Traction 55s—$1,000 at 37!z, $1,000 at 37, Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Amer, Tel & Tel. 4158 00, . 108 10 at & & P. Tel Capital Traction R. R City & Suburban 5s.. . Georgetown Gas 1st Potomac Elec. Cons. 10112 10318 - Gas os. series X Gas 6s, series B etk B0 e % MISCELLANEOUS. Butic & W, T, 0. . 5O hevy Chase Ciub 5as D100 commm- Country Club 100 D. C. Paper Mfs. (s 5 W, $o.78%0a Sicrage bs STOCKS. PUBLIC UTILITY. & Tel (1) 5138 Tepresent minimum prices fxed by hington Stock Exchange. NATIONAL BANK. Capital (8) Columbia (1. Commercial District (0), Fed.-As The following figures are not bids, but me; d (stamped) " (6) mshmmn 181 b TRUST CO‘\‘IPAN‘Y mer. Secur. & Tr, Co. (15). Union Trust (§s) Wash. Loan & Tr. (14). SAVINGS BANK. ‘ash. Mechanics FIRE INSURANCE. American (12) Qreoran A0) remen’s Nacons ‘onlor (155 TITLE INSURANCE. Ell%ulos (6h) " MISCELLANEOUS. edical Bldg. Corp. (6). lll Se ( % Lothrop com. (1 NCIAL. ON NEW BONDS 8rock "excian Received by /Private Wire Direct to The Star Office. UNITED STATES. (Sales are in $1.000.) High. Low. 1024 1022 1023 102 10324 103 21 9631 9625 9821 9815 10124 10120 10129 10124 10119 101 10 10119 103 26 103 21 103 25 . 105 26 105 20 10520 10916 1098 109 9 Sales. High. Low. Close. Abitibi P&P 5s'53. 24 11% 10% Alleghany 55°'44... 20 28% 2T% 2Tl Alleghany 5s'49. .. 20% 204 20% Allegnany 5s '50. 10% 104 Allis-Chalm §s '3 76U TTh Am Chaindb 6s'33. 9 5 501 51% AmF P 5s 2 51 3 AmIG Cl Grand Trunk 8s '3 98% Close. |Grand Trunk 75’40 3 100% 1024 1023 108 23 96 31 98 19 101 24 10124 Lib 3%s 32-47... Lib 1st 43,8 32-47 Lib 4th 43¢5 33-38 U S 38 51-55. Grt Nor5%s B ‘53. Grt Nor gn 78'36... Greek 65 '68.. Hait1 65°52 3 Hud & Mrf 68’67 Hungary 7%s'41.. 111 Bell Tell 55 °56. . 111 Cent ct tr 45 '52. 111 Cent cl tr 48 "53. 111 Cent rf 4s ‘55 Tl Cert 4% "66... 111 Cent 635 '36 111 CCStL&N 5s A Int Rap Tr rf 5s "6 Int Rap Tr 7s'32.. Int Cement 5548 Int & Gt N 58 B'66. Int & Gt Nor 65 '52. Int & G Naj 6: Int Hydro El 65'44. Int Mer Mar 6s '41. Int Pap ref 55 A'47. Int Pap 63 '55. Int Ry CAbs Int Tel&T 4%s '39. Int T&T 4%8°52.. Int T 58'55. Italy 7s°51... Italy Pub 7s ‘52 Japanese 5135 '65 Japanese 6125 '54 Jugosl Bak 7 Kan C F S&M 45’36 Kan C P&L 43%s'61 Kan City Sou 3s’50. !\’\n City Sou SS 0. USds dd-54, US4Ks4T-52... Argentine 5135 6; Argent 6561 May. Argentine 6559 Ju 9 Oc Argentine 63 A '57. Argentine 63 B '38. Arm & Co 4%s'3 Arm Del 535’43 Atchison adj 45 |B&Ort6sC" | BenTera | Bos & Me 55 '3 | Brazil | Chile 6361 Jan | Col G&E 58 0). Wawd. & Lothtop pa. (1)-or: idend, 27 32%% clost 30 Cl"l. w . 5% extra. N e1%% extra. 90% 73 47 At Gulf&w! 4 364 AUTedhGs 2T, 12 101 Australia 47 6. Tl Australia 5s° 1 o Australia .43 761 Austria 901 Austrian 7857, B&O1st B&O4%s'3 B&O 415560, Lorillard 5851, Lortllard 7s '44. La & Ark 5369 B & O Toledo 1G&E Batav Pet 415 Igium 6s 3 o il Lyons 6s'34. Belgium 7 McKes& RS s 148, | Benet Loan 6s'46.. Berl Yerlin 614 Berlin C F1 632 Tolivia s 4 Bordeaux | Bos & Ms Brail 615 Brazil 61 Brazil C F Mo Pac gn és’ \lr) Pacrf6s A 55 5 Mo Pac 55 1'81. Mo Pac 5158 A *49 Mobile-Ohlo 5s '38. Mont Pow 55 *43. - Mont Pwr Montevideo t Dairy 5% s'48. Steel 5s 5! J Power 465 '60 nUn Rkl\ n U Gas Budapest 6s | Buenos A 12 6561 BR & Pitts 4125 '57 Bush Ter con Calit Packing 5s" 3 6 64 | Canada 43 6! ] 8514 Canada 4%5°36.... 99 99 99 Canada 5s 997, Can Nat Rv 415 841y (rm\al]’\ 4155" 414 Can 41 R47, Raty Sa1g 90% 90t 101 5 100%; Can Can > Can Pac5 Can Pac 53 m Cent Gacn 58 45. .. 24 Cent 111 E&G 5s 1 Cent Pac 1st 4 10 Cert-td db 5% Ches Corp 5: . C&Ogen 4%s'92., C&O41£8A'3, C & O con 5s'39 = = & Qs L rf! 4B&QI!13!,x 49 Chi & Est 11 55 Chi Grt West 4s'5! 6: A1 Cent db 6535 StL 435578 NH&H 4% O&W gn 4s'55., 0&\\ rf4s'92,, ier Llovd 6 or O T & L 6: or Pac gn 35 2047, or Pac 4s'97 or Pac 58 D 2. Chi & NW 615536, Chi RI&P rf 4s '34 ChiRI&P 4148'52 ChiRI4%s"60 Chi Un Sta 434563 Chj Un St 55’44 Chi Un Sta s B'63. Chi Un Sta 6% C & W Ind cn 48 C & W Ind 515562, Chile 6s'60. Chile 6s'61. or St Pw ."rxA 41, or St Pw 6s B '41.. Norway M'U Norway 6s ‘52 Ore Sh L 55 gtd "46. Orez-Wash 43°61.. | Orient Dev 5%s'58 | Orient Dev 6s Pac GRE 5s Tac T&T 1st 5837 Pac T&T rf 55 '52 Paramount 65 '47. . Param-Pub 5%8'50 Paris Or 5% '68. Penn sta 45 48 Penn 4%s D8 Penn cn 4%5 '60 Penn 4%5s D70 Penn 4%s°63. Penn 55 64. Penn gen 5s'68. Penn 6125 '36. Penn P&L 41%s ‘81, Teop Gasref 5547, Pere M 1st 45 '56... Pere M 1st 58'56... Peru 65’60 4 Peru 6 Peru 75 '59 Phila Co 58 Phila Elec 457 Phila & Read 6s Philippine R 4537, Phillip Pet 5%8°39 Pirelli 75 '52. Poland 65’40 Poland 7s'47. Poland 8s°50. Port Gn E1 4%5°60. Torto Alegre 8s'61. Por RAm T 65424, Pos Tel & C 5s'53... Press 8tl Car 5833 Prussia 6s '52 - 3 Prussia 6%s'51. Public Serv 45’71, 10114 TubSvG 4%s'67.4 1015 | Pub Sv G 4%s°70.. 887 | Dure O115%8°37. 1041, | Pure Of1 5%5°40.... Queensland 7s"41.., Read 4758 A"97. Nem R 515 SA"™ Rhinelbe U 75 '46. . Rhine Ruhr 6s'53.. Rhine West 6s52... Rhine West 65°53. . 3! Rhine West 68°55.. Rhine West 7s'50.. Rich Oil Cal 6s *44.. Rio de Jan 628”53 1 RioDeJan ext $5'46 Chile 65’61 Sept. Chile 6s 6! Chile 6s°6 Chile 7s 4 Chile Cop Chile Mtg Bk 6s Chl Mtg Bk 6 Cin l'n Trm 5 Clev Ter 5% Cologne 6125 . Colomb 6s'61 Jan.. Colomb 6s'61 Oct.. 2 May Col Gas & E 5s'61.. Com Inves 5%s8'49. Cons C Md rf 55 '50. Con G NY 43 . Con G NY 51,;’45. Con Gas N Y 58°57. Con Pwr Jap 6%s.. Con Pow Japan 7 Consum Pow 5s'52. Copenhag 4125 '53.. Cuba 514s'45 . Cuba R R 1st 55’52 Cuba RRrf Cuba Nor 5%s” Del&Hud ref 4s '43 Del P'w&Lt415s" Denmark 4128 Denmark 5758 Denmark 6s'42 Denver Gas 5 D&RGW5Ss D&RG Wbs'8.. Det Ed 4%sD'61.. 10 Det Edison rf 55’49, 28 Det Edison £8°52.. Dodge Bros 6s°40. 8815 Duquesne 4% A'G‘I 1041 S| B'5T 105 1014 101 Erie gen 50 Erieref 5567, Erjeref 55’75, Fiat deb 7s"46. Finland 5%s 5 Finland 6 Finland 78’50..... 10 Fisk Rub8s'4l.... 4 Fla E Coast 55°74.. 18 Fram Ind 73%s’42.. 1 French Gov 7s°49.. 11 French Gv 7%s"41. 27 Gelsenk'hen 6s°34. 35 Gen Baking 534540 4 Gen Cable 5%5°47.. 5 Gen Motors 6s°37.. 13 Gen St Cas 5%5'49. Gen Th Eq 65’40 1 Ger Cent Bk 68’38 19 Ger Cen Bk 65'60J 9 Ger Cen Bk 6560 O 30 Ger Cen Bk 7s '50.. 10 Ger Gen Elec 65’48 5 Ger Gen E17s'45. . Ger Gov 5%s 65 German Rep Goodrich 6 Goodrich 6%s°47.. Goodyr Rub 58'57 RIAr&L4%s'3t. ;| Rome 63%5°52 Royal Dutch 4 StL IM R&G 48'33.. St L&SF 48 A °50... StL&SF 4%8'78. St L&SF 5s B'50... StL SW 1st 55°52.. StP&KCSL 41841, St P Un Dep 58 ‘72, San A & A P 4s'43. Sao Pau 7s " a0 Paulo 85 Sao Paulo 85’5 Saxon P W 6% Saxon 7845, ! 63 SeabALrf4s'59.. 10 2 150 1% High. Low. Clol 988, 100% Sal houan S st Bon Ty t Qi G 8 & a-aul»flanuqa—:xe 1 Interst P8 41 L ] 2 nng_ %! 5 N i 15 E 80 5 20 S i 3 Medellin _Col _7s 10 Runr Hous 3 With warran! xv ouyithout arrai 'l—When {ssued. comparable periods, the bureau: Previous week . Same week last London, pound. Parls, franc 2dri Vienna. Budapest. pen Prague, crown \n) Gult 041 h M '47 THE EVENING STAR, WASHINGTON, BONDS ON THE CURB MARKE' DOMESTIC BONDS. . SRR qga.g.,.m-,:_g,._._wu;.m ] FEFEFEE TES SN ¥ s 11 sos0OSanez imugunu o3 SRP 64 C a1 § Maranh Bras 7s 'K flas 36" xw ants. - COAL OUTPUT GAINS. By the Associated Press. Production of bituminous coal showed a slight upturn during the week ended December 10 as the trend was measured by the Bureau of Mines. that follows the output is given for In the table as announced by Week ended December 10.6,775,000 tons 50.000 tons 90,000 tons FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominai gold Sellin hecks oday. Serbs-Cr-S17s'62.. Shell U O11 58'47.. Sinc Of1 6%s B '38. Sinc Of1 7s A *37.... Sinc Cr 0 5%8'3 Sinc P L 55°42 Skelly O11 5338 '39.. Soissons 6s ‘36 Solvay Am 58'42... Sou Bell T&T 55’41 Sou Pac ¢%5 Sou P 4%8'69 Sou Pac 43%s'81 Sou P&OT 41 8A"7 Sou Ry gn 4s A'56.. Sou Ry 58'94. Sou Ry gn 65 '66 Sou Ry 6% ‘5 Sou Ry M&O 4 SW Bell T6s A "54. StOIIN J5s'46... Sweden 5%38'54 Swiss 534546 Taiwan EP5%s Tenn Cop 6s B 44 .. Tenn E1 P 63 A '47.. Tex & Ark 51458'50.. Tex Corp cv 58°44.. Tex&P 1st 55 2000.. Tex&PE Tex & Pac 5s D £ Third Avrf 48'60.. Third Av adj 6860, Tob P NJ 6%s 2022 Toho El Pw 78°55 Tokio 58 5 Tokio Bl Lt Un EIPSL ret 65'33 UE&P 1st 5% 8A'54 Union El L&P 58’57 Un Pac 18t 48°47.+ Un Pac ds’68. Un Pacrf 4s 2008 Unit Drug 68 ‘53. U S Rubber 6- ‘I we Uruguay 686 Utah P& L 58’44 Util Pw 5359 WW.., Util Pow 5% "47. - Vanadium St 5s°41 ‘Vienna 6s°52 Va Ry & Pw . VaRy 1st 53 A’62. Va SW 1st cn 55’58 W h‘%l"’ls Wlbnh 24 5: ‘Wabash §s D ‘80, ‘Wabash 53%5°75 ‘Walworth 6s Warn Br Ple 6839 ‘Warn Quin ( ‘39 ‘West Union 55°60.. West Un 6%s5°36.. Westphalia 6s ‘63. . WEOG5%s'3Tww. ‘Wh Sew Mch 6s '40 Wil & Co 1st 68 °41. ‘Wis Cent Tm 45'36. &! SeabAL6sA 4B | fl 3% o zxyu‘xmnuruuo 4 18% 11 6 15 6 12 Sou Pacrf 4s’55... 3 Tex&PlcElB "7, c'1! 1 Un Pac 4%5'67. ..« A Sales. High. Low. Close. 184 18! D. C, N. Y. CURB MARKET Received by Private Wire Direct to The Star Office. Btock and Sale— TUESDAY, DECEMBER 20, 1932. Dividend Rate. Add 00. ll(h. Alabam Pw pt (7). 208 Aluminum of Amer 600 Alum Co Am pf (3) 1508 Aluminum Ltd.. Alumn Ltd cum pf. l Am Beverage. 13 AmCapitalA..... 1 Am Cap! 2 Am Cnl.l Ptn B. 15 ‘Am Comwith 1 AmCyanamidB... 62 AmElScptpfnew. 1 Am & For Pw war. Am Founders. AmGas&El (£1).. 26 Am Investors, Inc. Am Maracatbo. Am Meter Co Am Superpower. Am Superpower pf. Anglo Chilean Nitr. Arcturus Radio T.. Armstrong Cork. .. Ass0 Gas & Electric Asso Gas&Elec (A) AssoGas & E war.. 10 ‘Asso Tel Utilittes. . ntic Coast Fish Atlas Plywood Atlas Us Atlas Util pf A (!). Benet Ind Loan 1% Blue Ridge.... . Blue Ridgec pfald Buft N&E 1st p£(s) Bulova Watch cv pt Burma rets (2 1-5¢) Canadian Marconi. 31 Carrier Corp.. .2 Celanese Cp pt (7)- L Cent Pub Svc A.... Cent States Elec. .. 15 >, pf 6 ww. 308 *ipe 60c. 1 1 o8 Servlco(BB) 303 Cities Sv PAL $6 pf110s Clinchfield Coa 58 Colombia Synd 5 ColG&Ecvpf Col Oll &Gas vtc... 2 Comwlth Edis (5) Comwith & Sou wa CAMCoctfs.. Cons Gas Balt 3. GO Cord Corp..... Corroon & Reynolds Corroon & Rey pf A Cosden Ofl. . Cresson Cons(klc) Crown Cent Pete. Crown Cork Intl Cuneo Press (23). Deere & Co........ De Forest Radio. .. Derby Ofl & Refin. ., Detroft Afrcraft Duke Pow (5). East G & F Eastn States Power East Util Assocv. . Easy Wash Mch B.. Edison El Bost(12) Eisler Elec Corp. .. Bl BA & Share b6 % BRI Bd & Sharepf ¢ B4 & Share pf 5. Elec Pwr As80(60c) Elec Pwr As(A)60c Elec Share pf ww., Emp Dist Elec pf. . Empire Pwr part, , Europ Elec deb rts. Federal Bakin, Tisk Rubber (new) Flintkote (A)...... Ford Motor Can A Ford M Lud..... General Aviation. Gen EI Ltd 20 2-5¢ Glen Alden Coal. .. Graymur Corp (1). Great A & Pn-v(17)10s 144 Gt A &P Tea pf (7) 508 1187 Groc Strs Prd vte.. 3 Gulf Oflof Pa..... 14 Hall Lamp (k5c)... Happiness Canay. Hecla Mining, HiresCE A (2). Hudson Bay Min. .. Humble Oil (2). Imp Ofl of Can 50¢c.. Ind Terr 111 Of1 A. .. InsCoN Am (2) Intercont Pete. Int Petrol (1). Int Util A, Int Utll B, Interstate Equities 21 Interst Pw Del pf 7 20s Irving Air Ch(40c). 1 Ital Superpw db rts 1 Johnson Motor..... 1 Kelly Spring T new 2 1 2 EX TN IO PSP Kolster-Br Am sh.. Lake Shore Min(t3) 2: Lefcourt Realty pf. 2 LehighC&N 80c.. 2 Lerner Strs pf w' 1 Libby McNeill & L. 1 Lone Star G bésc.. 15 Mayflower Asso(2). 3 Memphis Nat Ga: 2 Merritt Chap & S. 8 Metal & Mining. 1 Mich Gas & O1l. b Mid Sta Pet vtc A.. 2 Midl West Utilities 32 MidWevpfnzw., 1 Moody's Invptpf3, 1 Mountain Prod 80c. 2 Mount St T&T (8). BOI Nat American Nat Leather, 6 Nat Pw&Lt pf (6).. 505 at Screen Sve (2). 5 Nat Union Radlo... 1 Newberry (JJ) (1). 2 New Haven Clock.. 2bs New Jersey Zinc2.. 13 Newmont Mining. Nitrate Chile B. Nor Am Lt & P pf... 5i North States P(A)6 North Europ Oil. .. Novadel Agene (5). Ohio Brass (B). Ohio Copper. Overseas Sec. PacG&E 1stpf1% Pantepec Oil Parke Davis t1. Parker Pen. ... Phil Morris Inc. ... Phoenix Secur Corp Ploneer GM Ltd 34e Pitney Bow Pbé% . Prudential Inv.... Pure Oll pf (6).... 208 Reliance Int A, 3 Republic Gat 1 Roan Antelope. 27 Rossia Intl. 4 Root Refiningcvpf 1 Ryerson (Joseph).. 508 Safety Car H & Lt.. 508 St Mlhnnry.dold. .. 8t Regls Paper.... Salt Creek Prod (1) Sec Allled Cp(k25¢) Selected Industries Sel Ind all cfs(5%) Shattuck Den Min.. Shawin W&P (50c) Shenandoah Corp. . Shewin-Willms 1% Singer Mfg Co (8). South Penn Oil (1). SouCalEdpfB1% Southland Roy 20c. Spanish & Gen rcts. Stand Ol Ind (l) Y 8 » STarBananla TaonBroan x, 28 d 11, | hens, 1 salsify, 100 bunches, 5.00; onions, 60a75; FINANCIAL. CURB SHARES DROP INDRAGGY MARKET o B x Oils Lower on Gasoline Price Cuts—Utilities Are Irregular. ¥#x A—I5 Crude Oil Output Drops. TULSA, Okla, December 20 (#)— Texas and Oklahoma reductions were largely responsible for a drop of 51,744 barrels in the daily average crude ofl production of the United States last week, reports to the Oil and Gas Jour- nal indicate. The country’s output was estimaf at 2,067,000 barrels daily, while m previous average was 2,118,893 barrels, Stock and Sale— Dividend Rate. Add N !llb Low. Close. Stutz Motor Car. 18% 1% Sunray Ofl. Swift & Co... Switt Intl (14 Tech Hughes ($0c) Technicolor Texon ON&LA $1%. ‘Tobaceco Prod Del.. ‘Trans Air Trani Trans Lux DL P 8, Tri-Cont Corp we. Tubize Chat Corp. . Tubize Chatillon A, Union Am Invest - s wSma Orders Keep Mills Busy. NEW YORK, December 20 (). — Heavy underwear mills, for the first time in five years or so, will be obliged BY JOHN A. CRONE. Sz;ngx;orl}ongslnrgelscn}]e]sproduction into y. everal mi ar - Special Dispatch to The Star. ising deliverles in less thgnnotthle;o"r;r NEW YORK, December 20.—After | fOUr Weeks on certain lines. The price opening lower, the Curb Exchange structure shows mnsldemble strength. drifted downward today in dull deal- ings. Electric Bond & Share merely backed and filled at midday, unchanged from its preceding close. Fresh gasoline price cuts sent many of the oils lower. The group included Standard Oil of | Indiana and Cities Service. American Gas & Electric yielded about a half e _reopening of several important | United Stores vte. . industrial plants, the brisk pwkpup in Unit Verde Ext 40c. gL | retail holiday buying here, and various United Wall Paper. s | favorable items from different lines of | 1% | trade failed to offset the price reduc-l 24 | tions in petroleum or the decreased de- 3% | liveries reported by many pipe lines for November. | | Previous da: Buckeye Pipe Line, for instance. | S e showed a drop of 83 per cent in oil deliveries last month. National Transit | and Southwest Pennsylvania Pipe Lines were down 8 and 18.8 per cent, respec- | tively, in their deliveries lact month from 'November, 1931. After Gulf Oil {met Humble's lcwered crude price schedule the stock receded, The only wide moves during the first hour took place in Interstate Power of Delaware 7 per cent preferred, down 7 peints, and Moody’s Investors prefer- red, up 2!, pcints. Later Electric Bond & Share s5 preferred opened up nearly 2 points. Aluminum Co. of America common chipped off a couple of point Arundel Corporation had forecast its dividend reducticn from 75 to 50 cen quarterly, which action was taken fol- lowing publication of 11 months' earn- ings of $2.36 a share, agdinst $4.39 in the same period of 1931. S o R o oo BN N Business Failures Up Slightly. NEW YORK, December 20 (#).—R. G. Dun & Co. reports 590 business fail- ures in the past week, an increase of two over the previous week. In the same period of 1931 there were 667 ine | solvencies. Unit Gas pf (3%).. Unit Lt&Pwr (A).. United Lt & Pow B. Unit Lt & Pwr pf.. Unit Shoe Mch 2%, U 8 Elec Pwr ww. U S Finishing. U S Shares Fin ww, Market Averages By the Assoclated Press. Util&Industrial pf. Vl Camp Pack. Yesterday . Wahl Co. .. Wayne Pump pf... 1% West Mass Co 2.40.100s 3314 Westvaco Ch pf (7) 50s 62 Woodley Petrol.... 1 21 Wright Harz (120c) 1 3w “Y"Ol&Gas (A),. "1 1 Dividend rates in dollars base 54 auarierly or' semi-annusl pument B dividend {Partly extra. $Plus 4'; in stock. aPavable in cash or stock. b Payable in stock EAflJualm!nL dividend. fPlus 5% I Son” ATBRRS gividend. f2lus &2 JPlus 2% 1in stock. k Plus 10% m Plus 3% in stock. n Plus 8 p Pald lflsl year—no regular rate. Washington Produce Butter—One-pound prints (93 score), 27; tub, 26; one-pound prints (92 score), 26: tub, 25; one-pound prints (80 score), 25; tub, 24. Eggs—Hennery whites, 33; reccipts, 28a30; Government graded | extras, 36; standards, 34!;; medium, 3115, | Poultry, alive—Turkeys, young hens, 14; young toms, 12; No. 2, 8; old toms, | 8; old hens, 10; chickens, Plymouth rocks, 4 pounds and over 14al5; 4 pounds and under, 12al3; mixed colored chickens and Leghorns, 9al2; hens, 4 pounds and over, 12al4; capons, 7 pounds and over, 20a22; small capons and roasting chickens, 15al6; keats, old, 20a25; young, 25a35; roost. ers, 7a8. Poultry, in stock. Both Checking and Savings Accounts Earn Interest —at this bank, and the protection of an stitution which has serving the public, fully, current | been faith- for sixty-six years. ® You are invited to join our ever-growing family of deposi- tors, whose number nmow exceeds dressed—Turkeys, young 56,000. 16a18: young toms. 15a16; old toms, i0al2; oid hens, 10al2; No. 2,/ 10a12; chickens, Plymouth Rocks, 4 pounds and over, 16a17; under 4 pounds, 14a16; capons. 7 pounds and over, 23a 25; mixed colored chickens and Leg- horns, 14a16; small capons and roast ing chickens, 16al8; roosters, 10a12; hens, 4 pounds and over, 15a17. Meats—Beef. 11; veal, 11; lamb, 15; pork loins, 9! fresh hams, 91, smoked hams, 11; strip bacon, 13; lard, | 7;_compound, 7. | Live stock—Hogs, light 325a3.55; } medium, 3.25a3.55; heavy, 3.00a3.35; pigs, 275a350: roughs, 2.00a2.40: calves. 3.00a6.00; lambs, 3.00a6.00. Game—Rabbits, 1.50a1.80. | Fruits—Apples, bushel, 50a1.50; box stock, 1.75a2.0 pears, 2.50a3.00; bananas, 75a2.50; oranges, 3.00a3.50; lemons, 4.50a6.00; tangerines, 1.00a2.50; grapefruit. 2.50a3.50; grapes, 125al.75; | alligator pears, 2.00a2.75; casabas, 2.25; Christmas melons, 2.25; persimmons, 1.00; cranberries, 2.00a2.75; pineapples, | 4.00; kumquats, quart, 1 Vegetables — Potatoes. 100 - pound | sacks. New York, 1.00a1.10; Maine, 1.25; Idaho bakers, 1.65a1.85; Florida, new, bushel, 2.75; sweets, 50a75; tomatoes, ‘ Capital and Surplus, $3,500,000.00 SAFE DEPOSIT BOXES AT MODERATE RENTALS NATIONAL SAVINGS & TRUST COMPANY The Oldest Savines Institution in the District of Columb: We Serve in Al Fiduciary Capacities Corner 15th & New York Ave. | | 66th Year || repacks, three-pan containers, 1.75a2.00; lettuce, Iceberg, 2.25a2.50; Florida, 2.50; beets, bushel, 3.00; carrots. bushel, 3.00; celery, 2.0082.50; bunches, 50a60; spinach, Texas, 1.35a1.50; home-grown, 1.00; broccoli. 2.50a2.75; string beans, 3.0023.50; limas, 4.75: turnips, 75 cabbage. 60a75; red cabbage, 1.50; pep pers, 3.00a4.00: squash, 2.25a2.50; arti- chokes, 3.25a3.50: parsnips, 1.25a1.50; | = Modern Offices At Low Rentals Close to all the New Government Buildings peas, 3.00a3.75. CHICAGO DAIRY MARKET. -~ J CHICAGO, December 20 (#)—But- * bht ter, 1,096, weak; creamery specials (93 score), 23143-23%; extras (92), 22%; | ar extra firsts (90-91), 22-221;; firsts| S Building (88-89), 21-2115; seconds (86-87), 20- | 20%%; standards (90 centralized car-| APPLY Superintendent’s Office, 610 Star Bldg., or telephone NAtional 5000, Ext. 203 Convenient, modern offices with rentals which are in line with present condi- tions. Only a few suites and single offices are avail- able. Locate now before the demand will exceed the supply. lots), 22. Eggs, 5711, weak; extra firsts, 30! fresh-graded firsts, 2912; current re celpts, 26-27; re(ngeru(or firsts, 25'%; refrigerator extras, 26! WHAT Do You WANT MOST? ‘A Columbia National Savings Account Will Help You to Acquire —a ring on her finger...? a new car...? an education...? safety against unforeseen emergencies...? There are s0o MANY things to save for! A small amount deposited regularly at this conveniently located bank will start you welil upon the way to attainment of your ires! Capital $250,000.20 Surplus $500,000.00 ENGAGE A COLUMBIA NATIONAL SAFE DEPOSIT BOX to keep your valuables safe all sizes for all requi ments. $3.50 a Year Up CONVENIENT HOURS Daily, 8:30 to 3—Saturdays till 12 O'Clock Open to 5 p.m. on 1st and 2nd, 15th, 16th and last day of the month