Evening Star Newspaper, December 22, 1932, Page 14

ZF ‘A—14 #x% FINANCIAL. BOLLING EXPECTS BETTER BUSINESS . esident of Liberty National 3 : [ Bank Ends First Year’s & Service.’ BY EDWARD C. STONE. Rolfe E. Bolling. prcsxdent of the {yiberty National Bank, has begun his | fsecond year as head of that institution. | ¥e was elected president on December | 18, 1931, and spread his business papers | out on his desk the next day, succeed- ing the late Ed- ward J. McQuade, who was also pr ident of the Dis r soc time of his death. ir. Bolling said to= day he had enjoyed the past year thor- oughly in spite of the difficult busi- mess conditions which have pre- iled. Incidental- he looks for im- proving conditions during the next 12 hs. Bolling resigned as a vice presi- @ent of the Federal-American National Bank and manager of the branch office at Fifteenth and H strects to take the ney of the Liberty National. The move was only fro rner of a clty mloc same block. cated at Fif From Rolfe E. Bolling. ner s siberty Bank is lo- enth and I streets. | recalling the anni-| ng has received many has made ility, con- vatism and o he took to the bank, have l)('('n a Fewarded. Mr. Bol starts his second year | s head of the institution with nbuut‘ 40 years of banking experience behind him. A member of the widely known | Virginia family of Bollings, he began | his career at Abington. From there he ‘ went to Baltimore and later to Panama, | r two foreign banks. | With the excepti veral yvears | official connection with the Cuuham National in New York. the has been done e years he was National resident of Merchants’ Hank & Trust Co. when 1t merged with ihe Federal-American. In addition to the P the ot National offic M. F. Calnan, vice cashier; T. P. Littlepag 0 sel and trust office e ssistant trust officer; J. B. Skin- H. O'Neale and C. C. Cranford, dent 1933 Industrial Pick-up Scen. In its summary of the general busi- ess situation, Standard Statistics com- | ment vs: ‘that 1o leading in ience greater volt the same period of 1 e mere statement of this co . however, obscures a definitely favorable trend, as Compared with the relative showings of most trades in both the third and fourth quarters of the present vear. t quarter 1933 industrial activity probably will be quite uniformly higher than that of the current three-month | criod, excluding retail trade, building | ral other lines in which the | downward. The lag | , moreover, Will be ma- 3 | Frofit margins, as a Tesult of ad-| justed costs and freedom from inven- | ¢ losses, are likely to show definite | crment, The ratio of decrease in for most industries is becom- with each succeeding this el oging phase | t be overlooked in surveying | s for the (‘nh part of 1933 indicated general ight car loadings in Tiext year are placed Bt a lcvel only 6 per cent under that of ame 1932 period, as compared with a presont level of 11 per cent below that of a vear ear] and_decline in 1932 as a whole of close to 25 per cent.” Peoples’ Drug Sales Reported. sales of Peoples’ Drug Stores, Inc. ovember, totaled $1 248,610, against | 07.497 in the corresponding month | vear, a decrease of $158.887 or 11.3 | per cent. The company also made a report today for the first 11 months of showing total sales of $14,486,646, on_ with $15,690.177. a de- se of $1,203.531, or enly 7.6 per cent behind the corresponding months in 1931, the total being $10.551,153 15t $12.391,993 in the similar period 1 1931, a decrease of $1,840,840 or 14.8 per cent. Sales for the first 11 month: of the present year totaled $106,203,066, | ) 25,623,724 in_the | falling off of 658, or 154 per cent. . company’s report for Ormber‘ howed sales off 16 per cent, as| od with the like period in 1931 | that today's report shows a favor- gble upturn over the previous period. | Bethesda Bank Votes Dividend. At the monthly meeting of the di- of the Bank of Bethesda, the | cent was declared, payable December 31 to stockholders of record December S Wa.![er Bogley, the cashier, an- | ‘The Maryland Trust Co. has declared the regular quarterly dividend of 30 | cents per share, payable December 31 to shareholders of record Dacember | Al the local New York Stock E: ‘change offices will be cpen Saturday as usual, following action in New York yesterday when the governors declined the biz exchange from Friday ®Itcmoon until Tucsday. The Washmgnon office of Alexander Brown & Sons is offering City of Rich- mond 4 p'" c"m bonds, dated January 1, 1933, and maturing in 1943 and 1967. | The bonds- are Federal income tax | exempt and tax exampt in the District of Columbia. | The annual meetings of all the na- | tional banks in Washingicn and several | other local banks will be Leld,on Jan- | nary 10, when stockholders will elect directors for the coming year. Several will also elect officers at the same time. John M. Riordon, executive vice presi- dent of the Bank of Commerce & Sav- lng: will speak on “‘Christmas Savings” ver WMAL at 7:30 this evening. This another of the radio talks sponsored by that bank. Rapid Transit's Net Off. Operating revenues of the Washing- rn Rapid Transit Co. in Nuwmbcr‘ otaled $33,674.37 against $40,140.52 in | the samhe month a year ago, a decrease | pf $6.466.15, according to the mumhlv‘ tatement just filed with the Public | tilities Commission. Operating expenses and taxes aggre- gawd $35,145.37 against $4442009 a| year ago. Net income after all the| usual deductions revealed a loss of $4.- | 93041 against $6,915.92, an improve- | ment of $2,025.51. | For the first 11, months of 1932 gross fncome, less operating expenses and taxes, presents a net loss of $29.197.62, an advance of $16,113.20 over that for the same months of 1931, when it was $13,084.42, Net income for the 11 months of | 932 shows a deficit of $60.157.68, an | crease in this item o° $16,844.45 over | T.agof the deficit of the corresponding jod & year ago, $43,313.23, 1614 1% Adams Expr 12 9 1 4 dividus Stock and Dividend Rate. ‘Adams Millis 15" Addressograph. 14 Adv Rumley 14 AfMiliated Pro 632 807 Alr Reduction (3)... 13 Airway Elec Appl... Jia 87 14% 19% 1% 100 5014 10% 58 893 T 11 a 13% 65 2 " 2% 21 9. 4 122 ™ 42 4 Alaska Juneau (50c). Albany & Sus (111).. Alleghany Corp..... Alleg Corp pf $30ww Alleg Co pt $30 XW... 4 Allex Cp pf $40 ww 15 Aliled Chem & D (6). Chalmers Mfg. sales are not given l-. L i IR are from yesierdaz's Bales— Add 00, Bish. Low. Close. Ches, 1 B% 47 414 Alpha Port Cement. . 950n 3 5 28 1 61 40 14 Ama' Leather. 15 Am Ag Chem (Del).. Am Bank Note. . Am Bank Note mu) % Am Beet Am Beet 5 Am Brake § Am Brake Sh pf (7). Am Can Co pf (7). 315 Am Car & Foundry.. 1 7 18 % Am Chain. ... Am Chain pt Am Chicle (13). ‘Am Come'l Aleohol. % Am Encaustic Tiling. Am & Forelgn Pwr.. Am & For Pwr pf(7). 2% Am & For Pwr 2d ‘vt. 47 25 4% Am Haw Stship (1). Am Hide & Leather. . s Am Hide & Leath pf.. Am Home Prod 4 < AmIceCo.... ‘Am International. L Am Locomotive. .. .. « Am Locomotive pf. . 712 Am Mach&Fdy (80¢). 1': Am Metal Co 6 3 10 15 13 70 40! 44 3 Am Metal pf Am Fower & L Am PRLEt LA (235) i Am Pwr & Lt pf (3). % Am Radiator..... Am Rolling Mills. < Am Safety Razor (3) « Am Ship & Com.. x Am Smelt & Ref Am Smeit & Ref pf.. Am Smelt&Ref 2d M’ Am Snuft pt (6) Am Steel Foundry Am Sugar (2).. i Am Tel & Tel (9). 'y Am Tobacco (16). Am Tobacco B (16 9514 Am Tobacco pf (6 10 11 2 Am Type Fdrs pf. Am Water Works( 1% Am Woolen. . . 15 12 Am Woolen pf 11y Am Zinc & Lead 3 40 Anaconda Conper. 54 Anchor Cap (80c) ‘Anchor Cap pf (6%). Archer-Daniels (1) Armour of Del pf(7). 5, Armour of 111 (A) 25 Armour of Il (B) & Arnold Constable. Artloom pf . Art Metal Construet. Atcms»n vf (5). . Atlantic Coast Line. . « Atlantic Refining (1) . Atias Powder % Atlas Powder pf (6). + Auburn Motor (f4).. . Avation Corp (Del). Ealdwin Locomot, Baldwin Locomot pf. 3% lhltlmorak Ohfo.... 101 2914 Beech k Ci wuzpfu) Beatrice Creamery.. Nut Pkg (3 « Belding-Hemingway. 4'-: Bendix Aviation . Best&Co.... 71, Bethlehem Steel 16!, Bethlehem Steel Df. . 35 Blaw Knox 47, 20 3% 4 4 ity o1 231, 46 1% « Boan Alum Borden Co (2) org Warner. Boston & Maine. 4 Briges Mfs Co \ Biyn Manhat Tran. % BKIvn & Queens. ..., Bklyvn&Queens pf(6). Bklyn Unlon Gas(5). rie... tie ov pT. . &) Mfgpr. iiuaa Wheet 5 Burns Bros (B) 6'. Burroughs AM(400). 71¢ Bush Term'l deb stk. 1, Butte Copper & Zinc. 1 Butte & Superior. Bvers (AM).. ) pf 41, California Packing. 162 30 1% lahan Zinc & Ld. alumet & Hecl ada Dry G A1) « Capital Admin (A).. 4 Case (J1)Co.... Case (J1) Copt (7). erpillar Trae 50¢c. “elanese Corp. .. . 7% Cent Aguirre (1%). 162 Cerro de Pasco. Certain-teed Prod Certain-teed pf. Checker Cab Mfg. 9% Ches & Ohio (2%) e s Chesapeake Corp (2) 1% Chi Great Western.. 215 Chi Great Westn pf. . 2, Chi Mil StP & Pac... 114 Chi Mil StP & Pac pf. 2 5 1 n 2 5 11 48 Chi & Northwestern. Chi & Northwest pf.. <hi Pneumatic Tool Chi Rock 1 & Pac. Chi R [ & Pac 6% pf. 4% ChiRI1& PacT% uf. Chicasha Cotton Of Chrysler Corp (1) City Ice & Fuel (2 City Investing (5). Cluett-Peabody (1) Coca- Cula Co(7).. % Collins & Alkman 274 Colo Fuel & Iron. 8 Colo & South 1st pf.. 214 Columbia Gas (b1).. 40 3 113 10 10 Colunb Gas pf A (6). Columb Carbon (2).+ Commercial Credit. '« Comcl Credit A (3). Comel Cred 1st(635 4 Comel Inv Trust (2 Comel Inv cv pf(e6). Comel Solv (60¢) 1% ComwlIth & Southn. 273, Comwlth & Sou pf(6) 4 9 1 irn (80e) . Congress Clgar (1).. Corsol Carprpf 6%. Consol Film. . . 2% Consol Film pf. 31 72 4 4 15 2 247 17 L 13 Consol Gas N Y 12 Consol Gas NY pf(5 15 Consol Laund 50c. Cnnsol Ofl Corp. . % Cons RR of Cuba pf., % Consol Textile.. . 14 Container Corp (B) 74 Cont) Baking (A).. 13 Contl Baking (B) 4 Contl Baking pt (4) 5 Contl Can (2).. % Contl Insur (1.20). 3 Cont Motors. 3% Contl Oil (Del)...... 24% Corn Products (3). it 13 17 6 15 4 7 13 Coty, Inc. 12 Cregm of WhE(f2%). 14 Crosley Radio. 7. Crown Cork & SeaL % Crown C&S pf (2.70). Crucible Steel. . Crucible Steel pf. Cuba RR pf Curtis Publi: 373 Curtis Publish pf(1). 1 3 % Curtiss-Wright.... % Curtiss-Wright (A). 15 Cutler Hammer. . 2. Davega Stores (60c). § 1 32 8 1 . Davison Chemical. Debenhams Security Del & Hudson (6)..".. Del‘Lack & Westn. Denver & RG W pf. . Detroit Edison (6)s.. 5 105 103 7 b g 2”‘. 5650510415 4 56 960s 4 608 1 8 3 1 s 3 > 1 4 s 6 5 . 160 I30l 40 11 10s - @ 2 g o D10 e 050 o 20 30 O 3 S 5 aefaTon molan -~ tll: edition. et 19% 125 18% 23 87 59% 105% 101% 87T% 828 2% 4 % - % 9% 2% 9 56% 1% -1% =1% - % + % +4 FULEFEY ey 1 151 21'% % -1 _—— -1 -4 35 33% 99% 84 15% 25% 14% 014 24 % 10% 62% 6% 28 4 60% 13% 4 10 Z(N ws w/: 20% 20 6 18 5 6% 8% R EePess 1 - 3 1100 - WFEE £ * 65 23% 6 204 21 i 2 -3 16w —3!‘ 1% % ..‘_ P {18 1 ® OEFFEF ~Prev. fieh b - 103" “Bioer and B 5% omdmadne 290% men 12 Diamond Match (1).. 4 18% 7% Dome Mines (11.40) . 1 12% 5 Doug Aircraft (76e). X 2 5 Dresser Mfg (A). 1 23 Drug Corp (4) 22 Dupont de Nem 80% Dupqut deN db pf(6). 87 Dugques Lt 1st pt (5)., 35% Eastman Kodak (3) 3 Eaton Mfg Co. . 8% Elec Auto-L (1.20).. 35 Electric Boat. % Elec & Musical 2%, Elec Pwr & Lt. 8% Elec Pwr & Lt (2) 10% Elec Pwr&Lt pf 2. 12% Elec Storage Bat (2). 16 Endicott-Johnson(3) 4 Engineers PubSve., 11'; Equi Office Bldg 1% 2 ErleRR.. 2% Erie R R 1st 2% Fairbanks-Morse. 1 Fashion Park Asso. . 1% Federal Mot Truck. . 1 Federal Screw WKs. . 3 Fed Water Service A. 6'5 Federal DeptS(60c).. 6 Fidelity-Phoen 1.20.. 45 Firestone T&R pf(6) 35 First Natl Stores z% % Fisk Rubber...... 1% Fisk Rub 1st pf cv. . 2 Follansbee Bros. .. 3% Food Machinery 3 Foster-Wheeler. 1 Foundation Co... 10% Fourth Nat Inv 1.10 1 FoxFilm (A). . 10 Freeport-Texas (2).. 214 Fuller Co pr pf. 1 3 Fuller Co 2d pf. 13 Gen Am Investors. .. 9'3 Gen Am Tank Car(1) 4% Gen Asphalt. 10% Gen Baking (2).... 13 Gen Bronze. 112 Gen Cable (A) 3% Gen Cable pf. 20 Gen Cigar (4) 815 Gen Electric (40¢). 10% Gen Elec spec (60c). 195 Gen Foods (2) = - e wm nSwwenIaoRwOa P ITTT I TS - perey an Gen Motors (1). Gen Motors pt (5). » Gen Outdoor Adv.. 213 Gen Printing Ink. Gen Public Serviee. . ignal (1) ty & U1 1% Gen Refractories.. 10% Gillette Saf Rag (1), Gillette Sat R pt (5). Gimhl-] Bros lidden Co. .. " Glidden Co pr pt (7). Gobel (Adolf).. Gold Dust (1.20). Goodrich (BF). Goodrich (BF) pf Goodyear Tire&Rub Goodyear 1st pf (1) Gotham Silk Hosier: Graham-Palge Granby Consol. Granite City Steel¢ Grant (WT) (1). Great Northern pf Great Northern Ore. Great West Sug..... Great Wn Sug pt (7). 5 Grigsby Grunow..... T Guantanamo Sugar 3 Gulf Mobile&Nor pf. 215 Gulf States Steel.... 5. Hahn Dept Stores. .. 7ix Hahn Dept Stores pr. Hall W F) Printing. Harbison & Walker. . ‘. Hartman Corp (B).. 1, Hayes Body. 137 Hercules Powder 13 7015 Hercules Pow pf (7). 431 Hershey Choc (6)... 57 Hershey Choc pf(t5) 5 Holland Furnace. 3 Hollander Sons. nn Homestake Min( Houdaille-Hersh (B) 8’& Houston O1l. Houston Ol1 (new) . Howe Sound (40¢) 8 Hudson & Man (212). 27 Hudson Motor Car... © g - P T A o O T TSI I T YIS I » Illinois Central. .- Illinois Central pf Ind.an Motor Cyel Indian Refining. . 4 Industrial Rayon (2) Ingersoll-Rand (2 Inland Steel. . . Inspiration Copper. . Insuranshares (Del) Insuranshares (Ma). Interboro Rap Tran I 2 Int Bus Mach (§) Int Carriers Ltd 20c. 5 Int Cement... 11‘55 Int Combustion 10% Int Harvester (1.20). 25 68% Int Harvester pf (7). 2% Int Hydro-Elec (A) 315 Int Nickel of Can.... 50 Int Nick Canpf (7).. 15 Int Paper & Pwr (A). 1% Int Paper & Pwr (C). 2 Int Paper & Pwr pf. 3 Int Printing Ink 9% Int Salt (1) 201 Irt Shoe (2) 715 Int Silver. 26 IntSilver pf (4). 25 Int Tele & Teleg. 115 Interstate Dept St. 18 Intst Dp St pf xw(7). 10% Island Creek Coal(2) 5% Jewel Tea Co (3) 10 Johns-Manville. . 45 Johns-Manv pf (7). 30 Jones & Laugh pf(3). 2' Kansas City Southn., 5 Kan City Sou pt (2) 4% Kayser (J) & Co. 15 Kelly Spring Tire 7 Kelly-Spr 8% ctfs. 14 Kelsey-Hayes Wheel % Kelvinator Corp. 2 57 T LTSS 25 Lambert Co (15). 1% Lee Rubber & Tire. .. 4114 Leh Port Cmt pf3%. 1 Lehigh Valley Coal 5 Lehigh Valley R R. 30% Lehman Corp (2.40) 6 Lehn & Fink (2)..... 3% Libbey Owens Glas: 32% Liggett & Myers(15). 34% Ligg & Myers B (15). 100" Ligg & Myers pt (1) Tiquid Carbanic. 13% Locw's, Ino (3)2-+.or 39 Doew'sIncpf (6%). 1% LoftINC..evveus 1; Long Bell Lumb(A). 16% Loose-Wiles Bis (2). 9 Lorillard (P) (1.20). 731 Lorillard (P) pf (7). Ti3 Louisville & Nash. 1% Ludlum Steel 13 Melntyr Por M(11%) 28 McKeesport T P (4). 114 McKesson & Robbins 3 McKesson & Robs pt. 10 Mack Trucks (1).... 17 Macy (RH) & Co (2) 41 Magma Copper (50¢c). 35 Mallison & Co. .. 4" Mallison & Co bt 4 Manhat Elev mod gtd 81 Manhattan Shirt.... 64 Marire Midld (80c).. 2t Market St Ry pr pf.. 3 Marshall Field & Co. 9 Mathieson Alk (1%). 91 May Dept Stores (1). 1 Maytag Co. B 8 Melville Shon (l 20). 1 Mengel Co 114 Miami Copper. ... * 3% Mid Continent Petm.. 2 Midland Steel Prod. . 25 Midland Stl 1st p£(8) 11 Min-I'well Reg (1).. % MStP&SSMpfi... 5 MStP&SSMIsd(4) 1% Mo Kan & Texas. . 3% Mo Kan & Texas pf. 1% Missour] Pacific, ... 215 Missour] Pacifie pf.. 3% Montgomery Ward. 1, Motor Meter G & EF.. '~ 7% Motor Products (2).. 2 Motor Wheel.arannns T - LT T ST P~ oy - a w A arS o~ r 9«. - % 33% - % -1% bl 35% 103 101 62% 4% -.b'l:m.—.'l’fll"l individual sales are not given hr.llll edition. lose- Chge. 18% lfl'& + % 12 12 —-% 111 sates SO T L R I ~Prev. 1932~ Btock and Hish. Low. Dividend Rate. 13% 2 Mullins Mfg.. 9% 2% Murray Corp. 19% 8 Nash Motors (1). 6 1% Nai Bella Hess pt. 46% 20'% Nat Biscuit (2.80) 1‘2% 101 Nat Biscuit pf (7).. 6% Nat Cash Reg (A) 14% Nat Dairy Prod (2). 2 Nat Dept Strs 1st pf. 13 Nat Distillers....... 20% Nat Distillers pf(13) 45 Nat Lead (5)... Nat Lead pt B (6) % Nat Pwr & Lt (1). Nat Steel (50¢). at Supply Co Nat Supply pt Nat Surety. Nat Tea (60¢) Nevada Con Copper. . New Orleans Tx&Mx. % k] lfl". 31y NY . N Y-Ont & Western. N Y Shipbuilding. N Y Steam pf (6). randa Min (a1.10). orfolk & Southern. , Norfolk & West (8).. North Am Aviation. . Nor Amer(b10%5tk). North Am Ed pf (6). 4 Northern Pacific. b Ohio 01l (&50c).... 15 Oliver Farm Equip. 115 Omnibus Corp...... 9 Otis Elevator (1) 11 Otis Steel. ... 31 Otis Steel pr pf. 26 Outlet Co (4) 12__Owens Il Gl T Pacific Coast. 167 Pacific Gas & El (2) 20% Pacific Lighting (3). 58 Pacific Tel&Teleg(7) 115 Packard Motor Car.. 31, Panhandle P & R pf.. 2 Paramount Publix. Park Utah. . Patino Mines. Peerless Moto Penick & Ford (12).. Penney (J C) (1.80). 4 Penna Railroa Peop Drug Strs Peoples Gas Chi (5) 4 Pere Manquette. . Pere Marquette pr pf Petrol Corp of Am... Phelps Dod; Phila & Read C & Philip Morris&C Ml) 2 Phillips-Jones Co. Phillips-Jones pf. Phillips Petroleu Phoenix Hos pt(87c). Pierce O Plerce Ot p Pierce Petroleum Pilisbury Houncoe) Pirelll Pitts Screw & Bolt. Pitts Terminal Coal. Pitts Term ¢ Pitts United Plymouth O1l (1).... Poore & Co (B). “ Port Ric Am Toh (B). Postal Tel&Cable pf. Prairie Oil & Proctor & Gamble(2) Prod & Refiners pf. Public Sve N J(3.20). ublic Swe NJ pf Public Sve NJ pf Pub Sve GEE pf ( Pullman Corp (3) Pure O1l. Pure Oil nf (8. % 4% Purity Bakeries (1) Radio Corp.... Radic-Keith-Orph, % Reading Rwy (1) Real Silk Hosiery Remington-Rand. Rem Rand 1st pf. Rensselaer & Sar Reo Motor Car. Republic Steel Republic Steel pf. % Reynolds Metalis(1). Reynolds Spring. ... Reynolds Tob A (3) Reynolds Tob B (3) Richfield Ol Rossia Ins of Amer. 12's Roval Dutch. 3014 Safeway Stores (3).. Safeway Strs pf (7)o SUTorenn fiend. - St L-San Francisc St L-San Fran pf. Seaboard Air Line. .. Seahoard Air Line pf. eaboard Oil Del 40¢. ears Roebuck. Servel Inc.... Sharp & Dohme Sharp &Dohme pf (2) Shattuck(FG) (50¢). % Shell Union Oil. Shell Union Oil pf. Simmons Co... Simms Petrolm (25¢) Skelly Oi1 Skelly Oil Sloss-Sheft Sleel P % Snider Packing. Socony Vacuum 40c Solv Am pf ww(512). 4'4 So Port Ric Sug 1.60. a s S P e BamaSRa RS Riie omed 2915 _Ta_ 12% 67 18% are mot given In Illl Olllhl re,from sesierdar’s Aun 00 m;h. Low. Close. Ohse. 7 5% 24% 1313 Prev. 1032~ Low. 5% — % 8614 3 12% 1% 374 137% 7% 1% 1% 16% +10li+000 10 11+ - (] 13 11 2% 2 K3 15'% Un 27% Union 40 Union 20 NOTE— aales Sales of eul'lw"- this h ‘Stock and Lividend Rate So Port Ric S pt(8 34 Southern Rallway pf. 1 Sparks-Withington. . 9Y% Spicer Mfg pf (3) 8% Standard Brang 7% Stand Gas&El (1. 91 Stand Gas&E1pf (4). 28 Stand Gas&El pf (7). 15% Stand Oil Calif (2).. Stand Ofl Exp pt (5). Stand Oil Kansa: Stand Ofl N J (12). Sterling Secur (A).. Sterling Secur pf. .. Sterling Secur cv pl. Stewart Warner. Stone & Webster. Studebaker Corp.... 30 Studebaker pf (7)... 24% Sun Oil (k1) % Superior Ofl 1 Symington. 33 Symington (A). 1 Tennessee Corp 9% Texas Corp (1). 12 Tex Gulf Sulph (2). Texas & Pacific. Tex Pacific Coal&Oil. Tex Pacific Land Tr.. Thatcher Mfg Co. The Fair... Thermoid Co. .. Third Avenue. Thompson Products. ‘Tido Water Asso Oil. Tide Water As pf () Tide Wat Oil pf (5).. ) FINANCIAL, II'O not llnl l;-flll cllll-. Sales— Add 00 HI 108 lll) uo 8 26% 254 87 140 4 5% 1% 13% e Low. Close. Chee. 110 25% Bawal @ N NNE RO NN Sh R ++ #® ||l++\l+ REFEFIEF ¥ - 3 Tri-Contl Corp. 11-Fisher(50c). 512 Union Bag & Paper. . arbide & C(1.20) 8 Un Oil of Calif (1). cific (6). acific pf ( 11% Un Tank Car (1.40).. 612 Unit Afreraft.... 30'% Unit Aircraft pt (3). I nit Corp pf (3). Unit Dyewood. . 21, Unit Electric Coal 10% Unit Fruit (2).. 91¢ Unit Gas&Im (1.20).. Unit Gas&Im pf (5) .2 & Forn Secur. Gypsum (1.60 7S Hoftman. Indus Alcohol... Leather. ... 7S Leather (A). Leahter pr Pipe & Fdr: f(7) (2) Realty & Imp. Rubber. ... Rubber 1st pf. Tobacco pf % United Stores (A) Unit Stores pf (3%). 1 Ut i Par & Lt (A) L (A)... 5t Vanadium Corp.~.» 2 Va-Car Chemical ar Chem 6% "a-Car Chem 7% % oe. Elec&Pw pf (E).. Iron Coal & Coke.. Ican Detinning Wabash pf (A). Waldorf Syatem Ward Baking (B) Warn Bros Plcture ‘Warner Quinlan, Warren Bros Warren Bros cv pf. Warren Fonnd & P. . Wesson Ofl & Sn (1). ‘West Pa Elec pf (6). 2 West PaBIpf (7)... 3 West Pa Pwr pf (6). West Pa Pwr pf (7). Western Dairy pf B.. Western Maryland Western Pacific. Western Pacific pf. stern Union. . ting'se Air B ( Westinghouse Elec. . Westinghse 1st (3%) White Rock M S (2). Wilcox Oil & Gas. 25% Wri; \IIIIIIII | pasments bazed on Blge im0 = 611 in stock. 161 stack 16% + 15| pPayvable in scrip. Wiilys-Overland. 22 Wnolwonn (..40) 5 Worthington Pump 37 Wright Aeronautical zley (Wm) (3). 61 Yale & Towne (1) 1% Yellow Truck 12 Yellow Truck 4 Younsstown Sh&Tu.. 12 Zenith Radio. 4 Zonite Products. Sales of Stocks on New York Exchange. 160.000 910,000 12:00 Noon. 2:10 P.M. 1 Dividend rates as given in the above table the latest quarterly or ha 1o trading less than 100 shares. in stock. a Paid k. e Payable in cash or l!mk 1Plus $1 in spec m Patd last year—no regular rate. this year—no regular_rate. 1 preferred stock. nPlis 5% in stock. Washington Produce Butter—One-pound prints (93 score), 27; tub, 26; one-pound prints (92 score), 26: tub, 25; one-pound prints (90 score), 25; tub, 24. Eggs—Hennery whites, 33; current receipts, 28a30; Government graded extras, 33; standards, 311;; medium, 30%2. 8; rocks, 4 pounds and over 14al5; 4 pounds and under, 12al3; mixed colored chickens and Leghorns, 9al hens, 4 pounds and over, 12al4; capons, 7 pounds and over, 20a22; small capons and roasting chickens, 15a16; keats, old, 20a25; young, 25a35; roost- ers, 7a8. Poultry, dressed—Turkeys, young hens, 16a18; young toms, 15a16; old toms, 10a12; old hens, 10a12; No. 2, 10a12; chickens, Plymouth Rocks, 4 pounds and over, 16a17; under 4 pounds, 14a16; capons, 7 gounds and over, 23a 25; mixed colored chickens and Leg- horns, 14a16; small capons and roast- ing chickens, 16a18; roosters, 10a12; hens, 4 pounds and over, 15al17. Meats—Beef, 11; veal, 11; lamb, 15 fresh hams, 915; hxmx._}l; strip bacon, 13; lard, light 3.25a3.55; 3.0083.3: 300“00. grapefruif, 2.50a3.50; grapes, 1.25a1.85 Chrignas meons, 325; - ersmmons, mel lIS. peu 1.00; cranberries, 2. 4.00; kumquats, q\lll’t ‘Vegetables — Potatoes, 100 - pound sacks, New York, 1.00a1.10; lhlne, 125v Idaho Mk!'l’l 105!1.35 chokes, 3.25a3.50; parsnips, 1. salsify, 100 bunches, 5.00; onions, peas, 3.0083.75, Poultry, alive—Turkeys, young hens, | 14; young toms, 12; No. 2, 8; old toms, | old hens, 10; chickens, Plymouth | SANER COMPETITION IN TRADE IS SUGGESTED By the Associated Press. - Saner competition is the most needed improvement in retail trade for 1933, on the basis of an annual survey by a trade agency among retail authorities throughout the country. For the last two years this yearly study of difficulties has found the ques- tion of more scientific merchandising to be of chief concern to the retail in- dustry. Two other problems mentioned for the first time this year are among the first four listed in importance, as re- vealed by the study. These were the need for “quality standardization” and “analysis of consumer dema “Expense reduction” and “manufac- turer-reailer co-operation” were also problems of retail trade. U. S. TREASURY BALANCE. By the Associated Press. Treasury receipts for December 20 were $10,631,359.88; expenditures, $10.- 769,616.59; balance, $636,201.914.64. ber were $14,767,547.49. —_— ol.upnn has 253 vessels over 25 years Sube BALTIMORE mentioned for the first time as major | Sum Customs duties for 20 days of Decem- |8 BANK LOANS GAIN. By the Associated Press. Loans by reporting member banks collateraled by securities continued to gain during the week ended December 14. In the table that follows such loans are shoyn for comparable weeks, as an- nounced by the Federal Reserve Board: Week ended December 14. sa 322,000,000 Previous week 4,307,000,000 Same week last 5,740,000,000 INVESTMENT TRUSTS NEW YORK, December 22 (#).— Over-the-counter market: (Quotati of 12 O'clock.) Am St Bulloc] !.nkmnl:c = Sh' Corporate Trust i Corporete Trust A 719 Fifteenth Street MEtropolitan 3116 WASHINGTON WILKES BARRE ‘specu]al\ve railway bonds. | of course, talk about difficulties of ob- STOCKS ARE LOWER AS RAILS DECLINE Pressure on Carrier Issues Proves Unsettling Mar- ket Factor. - BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK. December 22—Weak- | ness in the rallway shares undermined the whole stock market in today's ses- slon and, while the losses in the indus- trials as a rule were not large, the list had a ragged appearance. There was no adequate reason for the 5| selling of the rails, which appeared to be sympathetic with the pressure on the There was, taining Government subport for weak roads, as collateral available l(l;; loans diminished, but there was nothing specific mentioned. The railway wage :{‘vreee;netnt as n&! considered construc- ut was not especiall, a. eu:fir A pecially damaging the railroad stocks were free] sold. New York Central was under spl! cial pressure, losing more than 2 points, which is a good deal for a stock in that price range. Lackawanna was almost as weak. Union Pacific slumped 3 points and even Norfolk & Western, in which there has been investment buying of late, came down from its high. United States Steel, common and preferred, were still reactionary. The common made a new low on the move- ment during the morning and the preferred was not far above its low. To some extent the weakness in the leader spread to the shares of the in- dependents. National Steel, which has made the best record of any of the smaller companies %ll through the de- pression, was down a point. Elsewhere in the list lower prices were recorded X!D;tMIIM Kgéle?lcll American Can, stman ak and other shnAx,-xels e erican Telephone gave w: atter having held up better than ih average earlier in the week. It came down below 102 without attracting any support of consequence. In the very low= priced stocks there wn.s tax selling, or at least it looked like it. “The Bank of England siatement made 8 bad impression. The reserve ratio dropped to 18.1 per cent from 33.3 per cent a week ago as a result of the ear- marking of gold against the credit on the payment of the war debt in New York. It seemed to set back indefinitely any movement toward stabilizing the pound and to postpone a return to the gold standard. ~ Sterling exchange, how- ever. was off only fractionally at $3.33 5-16. the opening quotation. If the passage of the beer bill by the House of Representatives produced any cheer it was not visible on the tape. As a matter of fact the grain markets ‘er:h:;(pected to ;eflficl any optimism on score, and their response negligible. e e CHICAGO DAIRY MARKET. CEICAGO, December 22 (#) —But- ter—Receipts, 5,915 tubs: weak: cream- ery specials (93 score), 221,a23; extras (92), 22: extra firsts (90-91). 21a21!,; firsts (88-89), 20a20!,; seconds (86-87), 19a19!;; standards (90, centralized car- lots), 2115, Eggs—Receipts, 3.698 cases; weak; extra firsts, 281, fresh graded firsts, 27'3; current receipts, 24; refrigerator firsts, 231,; refrigerator extras, 2415, FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) . pengo ue, cmnn (n ). o own Re Sontreal. discount, 1ite’. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) ofx Allis-Chalmers Co, Ameran %o AT War, Whs, & EL 3 Baltimore & Ohio 4'as Belding Hemingway @s Bethlehem Steel Co. 5s Canagian Nor. Ry. 4 Chl. Northwest Chlcuo Rock (:llnd 4s Cleve. Lor. & Wheel. 5s Coloradc Commerc o€ ¥.. Ci Northiwest. Feiep. «n 1 Penna. Co. Portland Gen. NEW YORK E BANK ANK STOCKS NEW YORK. December 22 (#).— Over-the-counter market: (Quotations as of 2 BANKS. Ghase National () oclock.) Public (2 TRUST COMPANIES. Bankers' () Brooklyn Trust (i Central Hanover ( for December Available Upon Request Ferris, Woodroof &Lewis, Inc. ment Securities ing__ Nat. 5925-8 Money Funds Available for STRUCTION LOANS or LOANS ON IMPROVED PROPERTY Reasonable rates. Prompt action. B.F. SAUL CO. 925 15th St. Natl. 2100