Evening Star Newspaper, December 24, 1932, Page 14

B2 ## FINANCIAL (.&P. EARNINGS OFF DURING 11 MONTHS November Report Also Shows ' Revenue Drop—D. C. Bank Clearings Hold Up. BY EDWARD C. STONE. Net operating income of the Chesa- peake & Potomac Telephone Co. for the first 11 months of the present year to- taled $1,808,719, against $2,131,566 in the like period in 1931, a decrease of $322,84 according to the financial statement just filed with the Public | Utilities Commission. Balance before dividends in this period totaled $1,548.- 374, against the higher figure a year ago of $1.825,399. Telephone operating revenues were Yarger for the 11 months of this year than last, being $8,548.126, against $8,419,042; operating expenses calied for 996,620, compared with $5,603,764 a Year ago. leaving net revenues from op- erations of $2,551,506, as compared with 52815278 in the corresponding period in 1‘331 were heavier this year, uncol- !"r tible bills almost doubled, making to- tal deductions from operating revenues larger than a year ago, and total gross was proportionately smaller. 1In the first 11 months of 1932 mocre phones were disconnected than installed, in comparison with a gain of 9,388 ncw ’-an. 1032~ 124 1819 31, T 85 3914 15t 90 installations in the same months in| 137 | During this period, however, telephone calls totaled 210.514,000. against 200,- 262,000 a year 2go0, a gain so far this year of 252,000 calls. C. & P. Figures for November. i The Chesapeake & Potomac earnings | report for November also has been filed with the Utility Commission. Net tele- Phone operating revenues showed a de- crease of $20,627 compared with Novem. ber, 1931. Total operating income for November was $171.709. as_comparet with $200.079 for November, 1931, a de- | crease of $28,370. | ting revenues for | 183, against $262.- | s " f10. Tota! gross inccme November | was $172.733, against $205,001 in No- | vercber, 1931. After all the other usual | deductions. the telephone company re- | yorted balance before dividends of | §140.403. in comparison with $1 am} in the like month a year ago. ‘ Telephone users during the month made 19,144,000 telephone calls from | 178541 ph in service, a gain of | { 546.000 calis over the total for the Similar month of 1931. One of the most | report shows nes were install at. | \ proxe to be l‘w reversal of a trend which the American Telephone ¢z Telegraph Co. has reported as exist- ing all over the country. It will be re called that the October C. & P. report indicated that the.number of tele- phones being installed was proportion- ately hetter than reported elsewhere. D. C. Bank Clearings Steady. }*_ Bank clearings in Washington for the | week ended December 21 totaled $16.- | 744,000, compared with $16.796,000 in ended December 14. and 25.5 | bzlow the record for the corre- a year ago, according to | by the Washington tion. | about held its ith the previous wesk: x spits ) the storm which hit Washington Jeuch a wallop and kent so many shop- | ‘pcrs at home for several days. Richmond was the star performer in fbank clearings in this territory during the week. The Virginia capital re- ported clearings as 0.4 per cent better ithan last year. Philadelphia and New- avk. N. J. being the only other cities in the whole country to make such a | Freport. Richmond = clearings u!alPd, £ against $28,- | 20,000 in the pr 2 ltimore clearings amounted to 0. $48.138,000 in_the nd 14.3 per cent behind | olk reported clearings | ious week and the same eek a year ago, as did Atlanta. Bank clearings in 47 leading cities $of the United States, as reported by leadstreets Weekly, totaled $4.909,- 16 000 for the week ended December j21. & gain of 20.9 per cent over the precedmg week, but a decline of 28.5 “¥per cent from the week of Degamber 24, 1931. Outside New York City the | increase over the previous week was | only 13 per cent and the drop from a year ago was 30.4 per cent. Tk~ week’y clearings index ros2 from | £33 to 448 per cent of the 1928-30 a This incex, after a long hori- contal movement which began in June, _Tas shown a considerable disposition to ‘mise during the past few weeks. Changes Needed for Recovery. There is no easy panacea that can | cure world economic ills at one stroke, states the United Business Service of Boston. Economy in government is given as the most immediate need to Telleve business enterprise of a smoth- ring burden. # Banking reform, better control of credit, lowering of trade barriers and { equilibrium in commodity prices are of primary importance in laying a found: tion for improvement. A sane adjust- Jament of the foreign debts would remove ia thorny obstacle in the path of world b"’tcrmem The Service concluces that until these | achievements are realized business will | continue to be hampered. Gleaned in Financial District. The board of directors of the Na-| ticnal Capital Bank have declared a | 4 per cent semi-annual dividend, | @mounting to $4 a share on the stock | the back. The dividend is payable | December 31, President H. H. McKee anrounces. William D. Hoover, president of the | Kational Sa & Trust Co., is spend- | ing Christmas with his daughter grandchildren in Huntington. W. Va. Edward L. Hillyer. vice president of | the Union Trust Co.. left Washington today for a 10-day visit to Miami and other places in Florida. H. Clifford Bangs. president of the Washington Real Estate Board, accompanied him. Secretary Mills anncunces that sub- scriptions to the $100,000,000 offering of Treasury bills, maturing March 29, ctaled over $319.000.000. NEW YORK COMMODITY MARKETS ON HOLIDAY By the Associated Press. NEW YORK. December 24—Al though the security markets functioned, s 1 New “ork commodity exchanges were closed today. Those lengthening the Christmas Holiday, which will ex- tend until Tuesday, include the cotton, rubber, coffee and sugar, cocoa and hide exchanges. NEW YORK BANK STOCKS and NEW YORK, December 24 Over-the counter market: Quotations as of 10 c'elock. nha National, cm Public TRUST COMPANIES. Bankers' (3) Corn Exchange Empire (2) Guaranty (20)° Irvine (1.60 Manufacture New York T 363 89": £1x 12 3714 21% a1y 175 24% a6 19 31 by 4% 92! THE EVENING STAR, WASHINGTON, D. C, SATURDAY, 1 o JOPN {7 FENANC TAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE ‘ Stock and Low. Dividend Rate. 1% Adams Expr. 12 Adams Milli 1"y Adv Rumley... 4% Afiliated Prod 1.60.. 307 Alr Reduction (3)... 1e Airway Elec Appl.. 7% Alaska Juneau(80c). % Alleghany Corp. . 3 Alleg Co pf $30 xw, s Alleg Cp pf $40 ww 4215 Alifed Chem & D (8 96'; Allled Chem pt (7). 4 Allis-Chalmers Mfg 12 Amerada Corp (2). 5 Am Bank Note 614 Am Brake Sh&F (60: 29% Am Can (4).. 931, Am Can Co pf (7) 31« Am Car & Foundry 15's Am Car&Foundry pf. 17 Am Chain. E 2% Am European Secur. 2 Am & Forelgn Pwr 3% Am&Forgn Pw pf(6) 5 Am & For Pwr pf(7). 25 Am Home Prod 4.20 41 Am Ice Co 214 Am International - s ! T a0 0800 19 0o T 00 10 e 9 00 4 30 010 10 1 00 1 - & 2 & 18's Am Locomotive pf. 7'2 Am Mach&Fdy (80¢: 6's Am Metal pf 3 AmFower & 10 AmPELtpfA (23] 314"Am Radiator. 3" Am Rolling Mills 2 Am Seating. . 21% Am :nun (13%). 3 Am Stee] Foundry. 45 AmSugarof (7). 70' Am Tel & Tel (9). 40'; Am Tobacco (16). 44 Am Tobacco B (16. 95« Am Tobacco p (6). 4 Am Type Founders 10'3 Am Type Fdrs pf. 11 Am Water Works(1). 1'; Am Zinc & Lead 3 Anaconda Copper. 7 Archer-Daniels (1).. 24 Armour of Del pf(7). % Armour of I11 (A) % Armour of 111 (B) 3 Assc Dry Goods. .. 14% Asso Dry G 2d pf. 17 Archison. + Atlantic Coast Lme < Atlantic Refining(1). 25\. Auburn Motor (f4).. 115 Avation Corp (Del) Baldwin Locomot. . Baldwin Locomot pf. Baltimore & Ohfo. ... Baltimore & Ohio pt. Bamberger pf (613). Barker Bros pf. Barnsdall Corp. . Beatrice Creamery Belding-Hemingway. Bendix Aviation Berhlehem Steel Bethlehem Steel pf. Boan Alumn & Br: Fon Amia (A (15). Borden Co (2).,, Briges Mfg Co. Bkyn Manhat Tran. Bklyn&Queens pt(6). . Bklyn Union Gas(5) Bucrrus-Erle cv pt Bueyrus pf (7). Bush Terminal. Bush Terminal pf Butte Conper & Zinc. Butte & Superfor. Bvers (A M). 351 Pvers (A M) pf (1) 4'¢ Calitornia Packing. 17y Calumet & Hecla. ‘anada Dry G A(1 anadian Pacific. 163 Case (J I) Co. 4% Caterpillar Trac 50c.. 4 Celanese Corp. . 7% Cent Aguirre (1%). 313 Cerro de Pasco. % Certain-teed Prod 9% Ches & Ohlo (214) 47» Chesapeake Corp (2). Chi & Northwest pf. . Chi Rock 1 & Pa . Chi R I & Pac 6% pf. Chl R 1& Pac 7% pf. Chi Yeilow Cab (1). Chiids Company . Chrysler Corp (1) City Ice & Fuel (2). City Stores (A). 6813 Coca-Cola Co (7). 10% Colgate-Palm-P (1) 65 Colg-Palm-P pf (6).. 274 Colo Fuel & Iron. ... 413 Colorado & Southern. 41 Columbia Pic ctfs 1313 Columb Carbon (2). 21, Columbia Gas (b1).. 40 ColunbGasnf A (6). 107 Comel Inv Trust (2). Comel Comwith & South 2772 Comwith & Sou nf(6) 61, Congzol-Nairn (60e). 4 Congress Cigars (1 17 Consol Cgr pr pf 6%. 19 <Consol Cigars pf(7). 1 Consol Film........: 8115 Consol Gas N Y (4).. 72'3 Consol Gas NY pf(5) 4'3 Consol Laund 50¢c. 4 Consol 011 Corp. 2% Contl Baking (A 15 Contl Baking (B). 2474 Contl Baking pt (4) 175 Contl Can (2).. 6% Contl Insur (1.20) s, Cont Motors 3% Contl Oil (Del). 243 Corn Products (3). 131 Creum of Wht(f21). T Crown Cork & Seal. . 6 Crucible Steel 16 Crucible Steel % Cuhan-Am Sugar. 31y Cuban-Am Sugar pf. 20 Crdahy Pack (213).. 7 Curtis Publishing... 74 Curtiss-Wright..... 115 Curtiss-Wright (A). 32 Del & Hudson (6) 813 Del Lack & Westn 1'; Denver & RG W pf. 12 Diamond Match (1). . 20'; Diamond Mach pf 113 5 Doug Alrcraft (75c). 23 DrugCorp (4)...... 22 Dupont de Nem (2 80% Dupont deN S E T T PN 3 SS 9 PROTOPIIPSIRTOP oL | TSI -T oI V= TUTeR 08 IOV Elec Autn-L (1.20).. Electric Boat. .. Elec & Musical Instr. Elec Pwr & Lt. . Elec Pwr&Lt pf 2.33. Elec Storage Bat (2). Eng Pub Sve pf (5).. Enz PS pf ww (5%). 2*- Erie RR Ist of . 15, Evans Auto Prod. Fairbanks Morse pf.. Fed Water Service A Federal DeptS(60c) . Fidelity-Phoen 1.20. Firestone T&R pf (6) First Natl Stores 2%. Fisk Rubber. I'sk Rubber 1st pf. 4 Florsheim Shoe (A). Foster-Wheeler. ... Foundation Co. Fourth Nat Inv Fox Film (A)... Freeport-Texas ( S FHed e - » _ 8 NAaE auRNRRaRaN ;amewell Co. Gen Am Investors. Gen Am Tank Car(1) Gen Asphalt . 2 Gen Electric (40¢)... Gen Elec spee (60¢).. % Gen Foods (2) 4 vvve. Gen Gas & Elec (A). GenG & E pf A (p7). Gen Mills (3).. Gen Motors (1) Gen Printing Ink 2 Gen I'rtg Ink pf (6). ‘3en Public Service. . Gen Realty & Utll. .. Ciillette Saf Raz (1). Glidden Co. . . . Gobel (Adolf). Gold Dust (1.20). Goodrich (B F) 513 Goodyear Tire&Rub. 19% Goodyear 1st pf (7).. 1 Graham-Paig Sales— Add 00. High. 4% 15% 2% 8% Nel Low. Close Chse. 4% 4% 15% 15% + % 2% 8 %y 57% 1 2% 8% +1 44 FUII+Ee e+ ot " A pbe $EEEs s +4+ 1 +1% —1% - % +1% + W + +110 AR AR IR 2] +H1+ o+ 304 25 15% 335, 99% 84 15% 4y 10% 194 110 187 56% 8 41 11y 291 51% 9% 67i 374 36% 18% 2% 381 210 6's 4 30% 1614 9% 19% 307 6 20% 224 9% 20% 42% Stock and Dividend Rate. Granby Consol 6% Granite City St 144 Grant (W T) (1) 5'g Great Northern pf 3% Great West Sug..... Y% Guantanamo Sugar.. 214 Gulf Mobile&Nor pf. % Hahn Dept Store: 83 Hannapf(7)..... 1 Hartman Corp (B) 7015 Hercules Pow pf (7). 4315 Hershey Choc (6). .. 57 Hershey Choc pf(t5) 2% Hoilander Sons. .. 1% Houston Ofl (new).. 5 Howe Sound (40¢c) 8 Hudson & Man (2 2% Hudson Motor Car. 113 Hupp Motors 4% Iilinois Central. 143 Ingersoll-Rand (2).4 2, Inspiration Copper.. 1 Int Agriculture. ... 52'3 Int Bus Mach (§). 3% Int Cement. . 13 Int Combustion., 10% Int Harvester (1. 8% Int Harvester pf (7). 2% Int Hydro-Elec (A).. 314 Int Nickel of Can.... 1% Int Paper pt. 13 Int Paper & Pwr (A). 171 Int Daper & bwr pf.. 3 Int Printing Ink 9% Int Salt (1%). 26 IntSilver pf (4 2% Int Tele & Teleg. 10 Johns-Manville..... 45 Johns-Manv pt (7).. 30 Jones & Laugh pf(3) 2% Kansas City Southn. 14 Kelsey-Hayes Wheel 2% Kelvinator Corp. 47 Kennecott Copper. 10 Kresge Dept Strs | 88 Kresge (SS) pf ( 10 Kroger Grocery (1). 26 Lambert Co (15) 1% Lee Rubber & Tire 8] 5 Lehigh Valley RR.. 30'4 Lehman Corp (2.40). 3% Libbey Owens Glass., 341 Ligg & Myers B (15). 13} Loews, Ine ). 16'x Loose-Wiles Bl! (”)- 9 Lorillard (P) (1.20). 813 Lou Gas 714 Louis 18 Melntyr Por M(11%) McKeesport T P (4). McKesson & Robbins McLellan Stores. . ... Mack Trucks (1) Macy (RH) & Co (2) Magma Copper (50¢) Mallison & Co. Manhat Elev mo Marine Mid)d (80c).. Market St Ry pr pf. 3 Marmon Motor C: Marshall Field & Melville Shoe (1.20), 2 Miami Copper. ...... Mid Continent Petm. Minn Moline Pov. st Tie Mo Kan 3% Mo Kan & Texas pf.. 15 Missouri Pacific. 2‘ Missouri Pacifie pf.. 5 Mohawk Carpet. l'i\ Monsanto Chem 1% 31y Montgomery Ward. . 2'4 Murray Corp cuit pf (T) ash Reg (A t Dairy Prod ( NatPwr & Lt (1). Nat Steel (50c)... Nat Tea (60c). Nevada Con Copper. . Newport Industrie NYCentral.... N Y Chicago & St L. Y Chi & St L pf. Y Investors... Y N H & Hartford. Y Ont & Western.. N phuflding. hipbldg pf (7). 5y Northern Pacific. . 5 Ohio Gil (a50c)... .. 9 Otis Elevator (1). 1% Otis Steel. .. 314 Otls Steel pr t, 12 Owens 11l Glass (3). —_— s 37 157 167 Pacific Gas & El (2) Pacific Lighting (3). 58 Pacific Tel&Teleg(7) 115 Packard Motor Car.. Paramount Publix Penick & Ford (13).. Penney (J C) (1.80). JC) pf(6).. Penna Railroad. Peop Drug Strs (1).. Petrol Corp of Am... 3ales— 12" 20% T 6% % 12 20% 67n 51 13 s PO e A et L L UT Leo weeang @S &F B e 08 01 3 RO RS 01 e e A s [ - 3 S e Gl T BT S S o e - 5w =3 i Ehaom dve =l 2" Phila& Read C&1.., 2 Phillips Petroleum. . 1% Pierce-Arrow........ 9% Pillsbury Flour(60c) 21 Pirelll (A) (a2.58)... 6 Pitts & West V: 1% Port Ric Am Tob(A). 19% Proctor & Gamble(2) 81 Proc & Gamb pf (5). 28 Public Sve N J(3.20). 101 Pullman Corp (3). 2% PureOil...... - 4% Purity Bakeries (1), . ————— 13'3 2'g 38 1 s 24 1 Radio Corp. . Radio Corp p! . Radic-Keith-! Orph. .. Raybestos-Man (60c) Real Silk Hosiery Remington-Rand. Reo Motor Car Republic Steel 5 Republic Steel 26'2 Reynolds Tob B (!) . 4 Ritter Dental. B 115 Rossia Ins of Amer. . 118 17 3014 Safeway Stores (3).. 60 Safeway Strspf (6). 4% St Joseph Lead. 8 St L-San Francisco.. 1 StL-San Franpf. 1% Savage Arms. .. 14 Seaboard Air Line, 9% Sears Roebuck. . Servel Inc. ... Sharon Steel Hoop. Shattuck(FG) (50¢c). Shell Unfon Ol... Shell Union Oil pf. Simmons Co % Simms Petrolm (25¢) Skelly Oil..... Skelly Oil nf ww . Snider Packing. Socony Vacuum 40c. So Port Ric Bug 1.60. l‘n". Southern Cal Ed(2) 6% Southern Pacific. . 213 Southern Railwa 3 Southern Railway pf 1 Sparks-Withington. . 3 Spicer Mfg. . 8% Standard Brands (1). 1% ) MR OweR e O E e e B wn s e " 75 Stand Gas&El (1.20). l722l 914 Stand Gas&El pf (4). 21 Stand Gas&El pf (6). 154 Stand Oil Calif (2).. 81 Stand Oil Exp pf (5). 197 Stand Oil N J (12) s Sterling Secur pf. 174 Stewart Warner 4% Stone & Webster. 214 Studebaker Corp. Superheater Co(50¢) . LS % Superior O11. " 1 Tennessee Corp. 9% Texas Corp (1). 12 Tex Gult Sulph (2).. 13 Texas & Pacific. ... 214 Tex Pacific Land’ Tr. 215 The Fair. 10 Third Nat Inv % Tido Water Asso Ofl 2 Thompson Starrett. . 20 Tide Water As pf () 7% Timken Roller Bg(1) 214 Transamerica Corp.. 114 Tri-Contl Corp. 2 Truscon Steel. 86% 15% Un Carbide & C(1.. 20) B haoanormnrnnRon mea Net Atd oo, ll(h. :a' clou Chge. l [} +1+ + !+ 4+ PELL A4+ @ 55 FFEFS FE {announced Bales— Add 00 Stock and . *_Dividend Rate. Un Ofl of Calif (1). Union Pacific (6). Un Tank Car (1.40) Unit Aircraft. Unit Cigar Sto Unit Cigar Store p! Unit Corp (40c).. Unit Corp pf (3)... % Unit Dyewood Unit Fruit (2) Unit Gas&Im (1.20) Unit Gas&Im pf (5) 4 U S & Forn Secur. . U S Hoffman. U S Indus Alcohol U S Leather. US Leather U S Realty & Imp U S Rubber. . U'S Rubber 1t pf. . .. US Steel..... U S Steel pf (7) Tobacco (4.40).. U S Tobacco pf (7).. Unit Stores pf (3%). Univ Pletures 1st pf. 1% Util Pwr & Lt (A)... 1 Vadsco Sales Corp. 5% Vanadium Corp 15% Van Raalte 1st p 15 Va-Car Chemical 60 Va Elec&Pw pf (6).. 'Prev 1 28% 420 2% 90 ~—Prev. 1932~ High. Low. 4% % Wabash 1 Wnbuh 3 Warn Br eb!ler t Py Wel! Pa Western Western Western Western Western 57 ™ 2% 4 9% 4 Dividend rates as 25'. Wrizley ble in cash o stoc T eils $1in tpecial preferred stack. "k phis 1o | Bge mPatd lasi’ year—no regular rate. il — % | DPasabie in scrib. Stock and Dividend Rat arner Quinlan..... \\'lrren Bro: arren Bros cv p! Westinghouse Elec. . Westinghse 1st (333) 70s White Sew Mch p! 1 Wiilys-Overland 2 " Wilson & Co (A) ] Wilson & Co pf. Woolworth (2.40) . % Wright Aeronautical 2008 1% Yellow Truck....... 5 Youngstown Sh&Tu. 2 Zonite Products..... 1 4 4 th payments based on the latest alareny o 'Unit of trading less tha Net Sales— Add 00 High. . Chge 1 1% 1 pt(A)...... 3 os Plctures. 34 - \,, i 3 Eisenlohr +% Flec pf (6). Pwrpt (6), Dairy ot A. Maryland Pacific. Pacific pf. Unfon. . 108 k- % + % 27 23 n 108 % (Wm) (3). 2 8% 8% siven bove table are the annual cash if-yearly decls XP]u( bP"lble in k. b Plus ih “etock 00 gl lr!l 1! lll Do reguiar, rate. Ihus 87 1o o SPlis 8% GAIN IN FALL PIG CROP IS REPORTED Increase Is Estimated at Approxi-| mately 4 Per Cent by Depart- ment of Agriculture. By the Associated Press. An increase of approximately 4 per cent in the total 1932 Fall pig crop as compared with the previous year was yesterday by the Depart-| ment of Agriculture. Because of a decrease in the Spring pig crop the total Fall and Spring pro- duction was 3 per cent smaller than in 1931. A 138 per cent increase in the num- ber of sows to farrow next Spring, com- pared with the previous year, also was reported. The number of Fall pigs saved this year was estimated at 29.090,000, an | | Washington Produce | Butter—One-pound prints (93 score), | 27; tub, 26; one-pound prints (92 score), 26: tub, x ne-pound prints | (90 score), 25; t1 f | Eggs—Hennery whites, 30; current | Teceipts, 28; Government graded extras, | 2; standards, $1; medium, 30. | Poultry, alive—Turkeys, young hens, 14; young toms, 12; No. 2, 8; old toms, | -8, old hens, 10; Rocks, 4 pounds and over, rounds and under, 12ai3; colored chickens and Leghoms, 9a12; hens, 4 pounds and over, 12al4: capons, 7 pounds and over, 20a22; small | capons and roasting chickens, 15216; keats, old, 20a25; young, 25a35; roost- ers, 7a8. | Poultry, dressed—Tupkeys, young | hens, 16a18; young tomis, 15a16; old toms, 102i2; oid hens, 10a12; No. 2, | 10a12; chickens, Plymouth Rocks, 4 | 14a15; 4 mixed | pounds and over, 16a17; under 4 pounds, increase of 1,221,000 over the previous year. This resulted from a 4 per cent increase in the number of sows far- rowed. The number of sows expected to farrow between December 1 and next | June 1 is 8,709,000, an increase of 2| per cent over the pre ious year. NEW BOND ISSUES. NEW YORK, December 24 (2 —New bond issues formzlly offered in the New York market this week totaled $25.- 544.000. against $3: and $48,000,000 a Grocery Trade Active. NEW YORK, December 24 (#)—The grocery industry is enjoying a good holiday business, according to reports from wholesalers. Prepared foods and canned goods are moving well. DIVIDENDS ANNOUNCED NEW YORK, December 24 (#).— Extra, Pe- Pay- Company. Rate. riod. able, Mutual -r-xh:mnu. - Hidre. of record. Dec. 20 Dec. 10 I Jan. 1 Dec.: . Jan. 1 Dec.30 Honolulu Oil Corp Natl Grocers Lid Jan.15 Jan. 8 1 Dec 4 Dec. 3 1 < 3 Dee 3 Dec 31 Dec. s 16 Dec. 31 3 Dec Omitted. Commenwealth Coml St Bank (Dep). . 3 pL ‘. Peck Bros & Co pt 111 mnln Company. A & Trco (N Orlns La) .$1.50 Q Jan. Cities Power & 'Light A (x).. Am News.' .. Automo Fin' ‘pf Bait Com! ‘Bank Do B LT Gaseidy's Lid Bt Central Ua Nat 2y 7 E Commerclnx Nat B Wash, 8 Contol Trac of Corcoran-Brown lep e pf Cora Prod Denver” Bestern Magnes Tal East_Townships Tel E Trust Co (Halifax) Fall River Tr Co Frankia Tro (Bhila) . Franklin_Process. . Freuhf Trailer Guaranty Co o New_Jersey &t | Mreor ot €0 0. 112 Merch M(Hlenl Co o N'Y pf. 1.75 dellnd i xmmmem e Mollonon MIe pf.. 8550 Montreal Fin p! $1 . N ortrs Blan B '(Ba Morris P B D‘NV Gas Nivvars Alolt Bt ! Northern N Y Trust Co hio Co. Betfection’ Pet i Bloneer Mill Co &1, Jan., Dec. EREREY 7R EYRERRNE! RRRRRRTY Worcester _30c *Payal blealsl tl‘h or stock. | gator pears, | peppers, Rate. Period. Due. 2 | small decrease in 1932 shoe output as| 0 | compared with 1931 14al6; capons, 7 pounds and over, 23n| 25; mixed colored chickens and Lel-- horns, 14a16; small capons and roast. | ing chickens, 16a18; roosters, 10a12; hens, 4 pounds and over, 15al7. | Meats—Beef, ll: veal, 11; lamb, 15; pork loins, 91,; fresh hams. 91, smoked hams, ]1 strip bacon, 13; lnrd 7; compound. 7. Game—Rabbits, Fruits—Apples, stock, 1.75a2.00 1.50a1.80. bushel, 50a1.50; box pears, 2.50a3.00; bananas, 75a2.50; oranges, California, 3.00a4.50; Florida, 2.75a3.50; lemons, 5.50a6.50. tangerines, 1.0022.50: grape- fruit, 2.5023.50: grapes, 1.25a1.85; alli- 2.00a2.75; casabas, 2.50; Christmas melons, 2.50; persimmons, 1.00; cranberries, 2.00a2.75; pineapples, 4.00: kumgquats, quart, 20. Vegetables — Potatoes, 100 - pound sacks, New York, 1.00a1.10; Maine, 1.25; Idaho bakers, 165a1.85; Florida, new, bushel, 2.75; sweets, 50a75; tomatoes, repacks. three-pan containers, 2.25a 3.00: 30-pound lugs. 3.50; lettuce, Ice- | berg, 2.25a2.50; Florida, 2.50; bushel, 3.00; carrots, bushel, | celery, 2.00a2.50; bunches, | spinach, Texas, 1.35al | T00: broceoli 2.50a2.75; 3.00a3.50; limas. 4.75; turnips, 75 3.00a4.00: squash, 2.25a2.50; 3.25a3.50; parsnips, 1.25a . 100 bunches, 5.00: onions, 3.0023.75; cabbage, new, 75a90. i 50a60; : home-grown, string beans, artichoke: 150; salsify 60a75; peas, 1.00a1.10; old, B. & 0. Refunding Plan. NEW YORK, December 24 (F).—The fact that more than 80 per cent of the Baltimore & Ohio convertible 4',s cf 1933 have accepted the road's refund- ing plan is interpreted in Wall Street as promising successiul consummation of the plan. The amount of bonds in- volved is $63.250,000. making it one of the ]irgesz of the 1933 rail maturities. | Leather Indnltry Outlook. | NEW YORK, December 2¢ (#)—The | (estimated five | per cent), in the face of adverse con- | ditions, suggests an encouraging sta- | bility in the hide and leather industries and makes the outlook for 1933 “not at all cheerless,” according to Armand Schmoll. jr.. president of the €chmoll Tils Associated, Inc., internztional deal- r3 in hides. | Rural |1, down to ix-i. SPECULATIVE CORN ACTIVITIES GRO Offerings Have Dried Up,| While Shipping Demand Has Been Increasing Actively. By the Associated Press. CHICAGO, December 24.—Corn, the | giving some notable signs of a revival o( speculative interest. One of the reasons put forward is| | that rural offerings of corn have dried up almost completely, and that corn £hipping demand here has suddenly be- come active, with the market cash basis | strong. Meanwhile, movement of corn throughout the West has dropped to the smallest aggregate for late in De- | | cember witnessed in many years. Even the normal amount of corn selling usual just before Christmas, has this year been absent. So far. however. rural holding back of supplies has had little effect on | prices of corn future deliveries. Com- ! pared with a week ago, corn futures this morning were off about as much | as wheat. corn showing 7e-1% decline | | ana wheat a setback of 1-2',, with o up, and ' provisions varying from 32 cents lower to a rise of 17 cents. Pronounced holding tendencies which have developed throughout the corn belt are accompanied both as regards livestock feeding ard| as fuel, TOBACCO GROWERS PAID MORE THAN $10,000,000 By the Associated Press. LEXINGTON, Ky, December 24 I's & merry Christmas for burley to- bacco growers. More than $10.000.000 in cash has been paid Central Kentucky tobacco farmers during the three weeks before the holidays. At Lexington's huge market alone | $3,813,256.80 has been paid out at to- bacco auctions. More than a score of smaller burley markets throughout the State have brought in enough cash to | make up the estimated $10,000.000. With burley selling more than 50 per | cent higher than last year, the auctio have had a stimulating effect on busi- ness, according to James M. Todd. pres- | ident of the Kentucky Retail Merchants' Association. Sales on all marksts closed yesterday until January 2. Cily averages this vear have ranged from $10 to $16 a hundred pounds, as compared to lasi year's $7 to $10. The sales season started December 5. TRAF F‘ICM GAINS - REPORTED. CHICAGO, December 24 () —Traffic gains were repo: this week by the Chicago, Burnnmn & Quincy, the Chi- | cago & Northwestern and the Chicago, Milwaukee, St. Paul & Pacific Railroads. Freight carried on the Burlington Tues- day was within 15 cars of the com- parable day of 1931, the nearest com- parisen this year. Coal shipments formed much of the traffic. Trade Reports at-a Glance. By the Assoctated Press. EW YORK. December 24—Tablold review of wholesale and retail business conditions, as reported to Bradstreet's this week from the follow- ing centers, on the basis of comparisons with conditions in the same areas in the corresponding week last year: Wholesale and job trade. Quiet Fair Quiet Quiet Fair Quiet Quiet Quiet Quiet Quiet Quiet Quiet Quiet Quiet Fair Pittsburgh .. Chicago ... Cleveland Detroit . Indianapclis Louisville Milwaukee Des Moines .. Duluth Kansas City Minneapolis . Omaha .. St. Louis St. Paul . Baltimore Retatl trage. Collec- tions. Slow Slow Slow Slow Slow Slow Slow Slow Slow Slow Slow Slow Slow Slow Slew ‘Manufacturing and industry. Quiet Quiet Quiet Quiet Quiet Comment. PITTSBURGH.—Department store trade slightly below 1931; try at virtual standstill. with most plants closed for the holidays: indus- coal re- tailing at exceedingly low prices; jobbers in holiday lines find fairly active fill-in_market. CHICAGO.—Jobbers' holiday vol due to last-minute rush orders from retailers; Chr cent above 1931, tmas trade éxceeds lume 10 to 15 expectations; steel industry encouraged by increased automobile produc- tion; activity at coal mines brisk. CLI LAND.—Christmas trade far behind 1931, with purchases con- EVEI fined to nécessity items; steel mills on 15 per cent production basis: soft coal sales on upgrade; rayons making best showing in textiles; truck in- dustry continues to make gradual gains. ETROIT—Department store holiday volume compares favorably with 1931—dollar value off; automobile industry begins extensive produc- tion of 1933 models, with consequent improvement to employment; smaller factories closing for holiday and inventory period N DIANABOLIS Holiday buying mam stimulus to Tetai] trade: practical, good.s & mostly favored: wholesaling disappointing: manufacturing continues on short schedules; unel heavily taxed. mployment serious; relief agencies LOUISVILLE—Tobacco industry continues active—excellent market prices stimulate xez-u buying in rural districts; wholesale distribution from hand to mouth; prices below cost of production. try MILWAUKEE- -—Houd-y trade favorable; steel orders sufficient to maintain npernuons for several weeks; retail shoe trade quiet, but rubber footwear programs. trade active; manufacturers’ better demand; brewerles continue their extensive repair DES MOINES. —Rewlem experience a seasonal rush of buying; coal schedules conservative; welfare societies heavily taxed; 1,100 more coal miners employed in Iowa this year than last. " DULUTH.—Holiday buying. though active, is somewhat below 1931; wholesale trade seasonally inactive; lake shipping closed for this year; collections continue to lag. KANSAS CITY.—Christmas buyi ing generally below normal, with pur- chases chiefly for necessity items: live stock receipts heavily curtailed, due to bad weather; flour mill operations and sales about 50 per cent of ca- pacity. MINNEAPOLIS.—Wholesale trade d!llm)::l;‘unl with seasonable weather. the approach of Christmas movement is :at!.snctory, industrial a hours, retail fllvlty at low ebb; collev:tlom hard to ake. OMAHA —Retail trade seasonally brisk—practical goods generally favored; poultry market active, owing to exceedingly low prices; cold weather helps coal sales: labor poorly employed. ST. LOUIS.- —Department store holiday Wade satisfactory, with volume in some instances surpassing 1931; shoe production curtailed, but future orders indicate fair showing for 1933; mines operating on extremely re- duced schedules. ST. clothing; ladies’ apparel, groceries and conlectmnna wholesale oils, gasoline, plumbing and electrical supp! collections fair to PAUL—Cold weather enhances sales of footwear and heavy about equal T les Jess active; retal good. BALTIMORE.—Severe stcrm interferes with holiday buying: end volume, however, favorable; noticeably; domestic coal demand on upgrade; drugs well. wholesale fill-in orders mcnue and chemi STOCKS GO HIGHER - AT SHORT SESSION .yRailroad Issues Given Sup- | port—Market Closes in | Firm Trend. 24 —Stocks in quiet trading y market. short covering, I't-up in the A few made modera u‘ in today's pre-holi ‘There was a I | which helped some, | tax selling, whi [ of the gains w | but at least st | lowest percentage | 280 of any during 19: n | in the price of c which is worth | of_continuous comm: ml The railway November e | ments wer ‘Kcnsae-’rr 5 11 charges, incl lnterest of $145.8 {in November a yc Ontario & Westor ‘bl‘r was $113465, November. Railroad share except for De: Pacific at one tim International price ne Oil most of the ut was in evidence may or may not ing. The 10wed alter nt_bond chickens, Plymouth United States’ most valuable grain, is| month or shert in | large. There was action, L C out of its pre:e ment ‘n the cheerful to th tendaner CASH WHEAT PRICES 4 SHOWING STRENGTH | Premiums on Delivered Grain Ars Commanded by Special Dispe 52 CHICAGO, December 24—1In the midst of gloom caused by repeated dips \Gf wheat future prices into new an | historic low ground. there is appear; | an element that might mean cheer f | Producers in the months to come This is the persistent strength of ca wheat prices—the v paid for | actual delivered grain. of wheat in_ this present week above that lovel | . The premiums commanded by sellers in their deals with mills and ot chasers, leads one of the prin: private grain experts to say that “For the first time in many years, excepting the artificial situation due to farm board stabilization, we are enter- ing the Winter with cash wheat selling equal to or at a premium over the May delivery of fu in nearlv every market of Ihr‘ c Altogether, i 11: the he: ~nd. in ¢ | esnic 1 in cash g policy on . the prospect of er wheat crop for 1y processors of grain who expect that old crop grain may be exempted from the proposed excise tax feature of the domestic allotment plan of farm relief. now before Congress. (Copyright. 19 Currency Fluctuations. NEW _YORK. December 24 (Spe- cial) —The advance in the value of the pound sterling. in the face of a drastic decline in the gold stock of the Bank of England. is proof that currency fluc- tuations, as a rule, are determined by ‘Ih\ confidence in the integrity and { honesty of governmerts to meet con- Krac!uxl obligations, whether they be | debts or notes payable on demand. ‘Th2 metallic cover cf the ba | tedey at _less t {lowest since the | with more th | ber, 1928 bilities has declined to 2 new | fractionally more than 18 per compared with 331 per cent last and about 21 per cent a year ago | INVEST YOUR XMAS | (] MONEY IN SAFE | FIRST MORTGAGES | proe offer a_list of well chosen, income. | producing properties in the Nation's Casitai and the compares Monthly Payments If Destred REAL ESTATE MORTGAGE AN ARANTY CORP. | 1610 K Street SELL LIFE INSURANCE THERE'S MORE MONEY IN IT For Information Address Box 312-E, Star Office ¥ : The C ommercial National Bank 14th and G Streets Complete Banking Service First Mortgage Loans Lowest Rates of Interest and Commission 4 Thomas J. 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