Evening Star Newspaper, January 2, 1933, Page 12

A—12 FIGURES SHOWBASIS| OF TAX ON INCOMES Citizens Making Less Than $5,000 a Year Pay Only 3 Per Cent of Bill. Who are the “rich” in America? %his question becomes pertinent as the | Iatest figures from the Bureau of In- ternal Revenue are analyzed, especially as it is apparent that the people who ecollectively earned a net income of about ' $12,000,000,000 paid only $89,- | 000,000 in taxes, while another group of 'people who earned $1,280,000,000 | paid a tax of $149,000,000 The first group comprises all indi- | viduals who had a net income of less | thar $50.000 a vear and the second group includes all who earned $50,000 | & yeer or more i The under $50,000 group, which paid | the, $89,000,000 in taxe’, had about | $217,000,000 in profits from sale of real | estate, stocks and bonds other than| capital net gains. The :ame group received about $2,000,000,000 in divi- dends on stock of domestic corpora- tions, as compared with $950,000,000 , from similar sources received by the | over $50,000 group. $5,000 to $50,000 Group. ! If it is assumed that the $50,000 a | year point is not a good dividing mar- gin. the figures of what taxes are col- Jected from the eroup earning $5,000 and just under $50.000 a year are en- | lightening. Thus the net income for this group is $5.396.000.000, as com- pared with a net income of $1,280.- | 000,000 for the group over $50.000 a year. This class—batween $5,000 and $50,000 a year—paid a tax of $81.- | 000,000, while the over $50,000 class Ppaid $149,000,000. Another interesting sidelight is that the group under $5,000 a year paid only $7,350,000 in taxes, but its net| income was $6,551,000,000. This data reveals clearly that the Government_has not been taxing the people who have been earning the big collective incomes on any basis com- parable with those of the upper classes 1 in income, and that with the shrink- | age of incomes in the over $50.000 a | 2.2 year class the biggest share of the net | income is in the group below $50,000 & | year. | If the income tax is to b> maintained | as a means of revenue raising without Tecourse to sales taxes, then the Treas- ury can hope to raise more mgney by taxing more heavily the groups under $50,000 a year, and perhaps even more drastically the incomes above $50,000. But the fact remains that the tax laws have rested rather easily on the people with incomes of $5,000 a year and run- ning up to $50,000 a year, as compared with the heavy toll taken from those in excess of $50,000, while those under $5,000 have paid a negligible amount | of the total tax, about 3 per cent of the x bill. 2,560,000 in $5,000 Class. One of the arguments made in favor of the sales tax is that it is spread | evenly over all the people, but if it is desired to spread taxes evenly the Gov- | ernment has the same opportunity with | respect to the income tax. Politically heretofore it has been deemed unpopu- lar to tax incomes under $5,000 & year, because 2,560,000 persons are in_that class, whereas there are only 556,120 persons with incomes over $5000 a year, and of this group only 10,800 have net incomes in excess of $50,000 a year. ‘The general principle among the politicians _has been that this latter group could pay higher taxes. Un- questionably the new income tax rates which go into effect March 15 next will weigh heavily on the higher brackets, but they will by no means bring the | revenue expected, because of the pass- ing of dividends and general losses in business. As for the group under $50,- 000 2 year, the net income is not ex- pected to vary as materially as that of the group in the higher brackets. No further tinkering with the in- | come tax is to be expected until late in 1933, when the returns from the laws passed last Spring have been col- Jected and the productivity of the tax rates in each class is studied in the | light of 1932 business conditions. D.L. (Copyright, 1932.) IWashingtofl Produce WHOLESALE PRICES. Butter—One-pound prints (93 score), 28; tub, 27; one-pound prints (92 score). 1, 6,3 e 2,115,600 1.08 FINANCIAL Total stock Total stock Total stock Tota! stock NEW YORK, January 2.—Following is & table of trans- actions in stocks on the New York Stock Exchange during It gives yearly sales, price ranges and | net changes from the previous year on stocks listed prior | to January 1, 1932: the year 1932. 000 00 1,000 48, 4 00 00 250000 00 )0 500 617 46, 13 6 27; tub, 26; one-pound prints (90 score) 190 26, tub, 25, | Eggs—Hennery whites, 30a32; current | Teceipts, 28; Government graded extras, 35; standards, 33; medium, 31; medium | ‘white, 25a28; pullets, 22a25. 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 younds and under. 12a13; 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, dressed—Turkeys, young | hens, 16a18; young toms, 15a16; old | toms, 10ai2; old hens, 10a12; No. 2,{ 1 10a. 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, 10al2; hens, 4 pounds and over, 15a1T Meats—Beef, 11; veal, 11; lamb, 15; pork loins, 9; fresh hams, hams, 11; strip bacon, 13; lard, pound, 17 Fruit stock, bananas, 5021.50; box pears, 2.50a3.00; oranges, California 3.00a450; Florida, 2.75a3.50; lemons, 5.5026.50; tangerines, 1.0032.50; grape fruit, 2.5023.50; grapes, 1.25a1.85; alli-, gator pears, 2.00a2.75; casabas, 2.50: Christmas melons, 2.50; persiminons, 1.00; cranberries, 2.0 pineapples, €.00; kumquats, quart, Vegetables — Potatoes, 100 - pound sacks, New York, 1.00a1.10; Maine, 1.25; | Idaho bakers. 1.65a1.85; Florida, new, | bushel, 2.75; sweets, 50a tomatoes, ! repacks, three-pan containers, 00:1} 2.25; 30-pound lugs, 3.00; lettuce, Ice- berg, 2.00a2.50 orida, 1.0021.50; beets, California, crate, 3.00; carrots, crate, 3.00; celery, 2.00a2.50: bunches, 50a60 spinach, Texas, 1.10a1.25; home-grown 1.00; broccoli 2.50a2 string bear 1.00a2.50; limas, 2.75a3.25; turnips. 75 peppers, $.00a4.00: squash, 2.25a2.50 artichokes. 3.25a350; parsnips, 1.259 100 bunches, 5.00; onions. peas, 3.0023.75; cabbage, new. 1.00a1.10; old, 75a90. 4 EAiKNINGS REPORTED. NEW YORK, Jenuary 2 (P).—Per share earnings of corporations reporting during the past week with 1931 ccm- pariscns included the following: Year ended October 31— rmour Co. (Del.) : merican Power & Light. . Ten months ended October Behn & Fink Products Year ended November 0 mmonwealth & S0. Corp..$0.16 ineers Public Service 110 even_months ended November 30— @onsol. Gas of Baltimore. ... S8 & Aroostook R. R. . 2:00 op Railwey e 0 estern Marylard 8ix months ended November, Duplatn_Silk. .. 8 *On 7 per cent preferred stos: & Co. of Delaware #Not aveilable. $First preferred. Apples, bushel 1.7582.00: 7582.50; Store for Each Nine Families. MILAN, Italy (®).—Milan has 8 re- store m’cv«y 47 inhabitants—1 . for each § families. 00 00 40 55.6( 49,50 1,00 15,600 610 1324 40 4650 "4 TR 00 30 3,300,000 a0 sales, 1932 .......... 426,102,639 sales, 1931 ... voo 577,043,068 sales, 1930 .......... 808622282 sales, 1929 ..........1,124990980 Net Stocks ard dividends in doll hange. Adams Addressog_ ... ... Advance Rume Affiliat_Prod_(1.60). Alleghany Alleg pf Allez pf S ‘Allez bt $40 "w Alies & Western - Alles ‘Steel : Al'Cnem & D (8" Al Chem & D pf (7) -Ch, Brs - Alpha P Cem Amal Leather (1) Amal Lea pf .. Amerada (2) . Am Ag Chem Oonn Am Az Chem Del. Am At Chem Coni pf Am Bank Note . Am Bank N pf (3). Am Boet Sug . Am Beet S pt © Am Brake Shoe { 60) . Am Br Shoe Bt (7). Am Can (4) Am Can pf (7 Am Car & Pdy Am Car & F p! Am Cham ! AR Snmin o1 o100 Am Ghicl: "5 Am Conl C> of Alleg Am Colo:lyrfl . Am Com! Aleo Am Encans T 1l Am Europ Am Expre:s Am & To- Pow Am & F P SG pf. Am & F P 87 bt Am & P P <] Am-Hawaii €5 (1) Am Hide & Leatn Am Hide and Leath Am Home : Am Ice (1) .. Am Ice pf (6) Am Internat W & Fay (80). Am Mach & Me: Am Mach & Met Am’ Metal Am Metal i Am News (113) Am Pow & Lt . Am B & L 86 pt” (f) " Am P & 185 pt (5) Am Rad Std San Am Rad Std S Bt Am Roll Ml Am Safety R: Am Seating ..... Am Ship & Com Ship Bldg (2) Smelt & R. Stores (21ab) Sugar Ref ( Sugar pf Sumat_Tob' . Am Tel & Tel (9) Am Tob (3m) Am Tob B (5m)’, Am Tob pf (6).. Am Type Fdrs . Am Type F pf Am Wat Wks (2). "0 Am Wat Wks ctt (2) Am W'W 1.pf (6) - Am Woolen [ Anchor Cap (1.2 ‘Anchor Cap pf ‘Andes Cop .. A P W_Paper Archer-Dan-M (1) Arch-Dan-M pf (7) Armour Del 7 Arm T A Am 1 B Arm 1l pf Arnold Artloom ... Artloom pt (1K) Art Meta! Const - e 154 Assd Ol (1) Atch. T & 8 F. Atchison pf (5). LL 2 FhazeSEatdy T S 0D o FRFRESTRNES ol nn R RRE A Atlas Pow pf (B) . Atlas Tack ...... Auburn Auto (4a).. Aust Nich .. Aust Nich_pr A Aviation corp aldwin Loc ald Loc pi alt & Ohio. Balt & O pf Bamberger pf (6 o e SRS Barker Bros ... Barker pf i Barnet Leather pf Barnsdall . 5 Bayuk Cigar S Basuk 1st_pf Beatrice Cr ... Beatrice C pf Beech Creek R R (2) cech-Nut P (3) iding-Hem ....... . ¢ Belg N Ry ptc pf (4.09). Bendix Avia Best & Co cel Beth Steel pf Bigelow San Biaw-Knox . Bloomingdale Bloomingdale pf Blumenthal pf Bohn Alum Bon Ami A Borcen (2) Borg-Warner Boston & Me . Botany Con M A Briggs Mfg . Briggs & Strat Bkiyn & Qu T.. Bkn & QT bt Bkiyn-Man T Bklyn-M T pf (6). Bklyn Un Gas (5). Brown Shoe (i Brown 8h pf ( Brunswick-Bal Bruns T & Ry § Bucyrus-Erie . Bucy-E ¢ Bucy-E 7% Budd Mfg .. Budd Mfe pf Budd Wheel Bullard Co .. Bulova Watch Burns Bros A Burns Bros A 6ifs Burns Bros B -.. . Burns Bros B ct Burns Bros pf : Burr Ad Mach (.40). Bush Term ... Bush T 7% deb Bush T Bldg pf Buite & Bup, Butte Cop & %. . Butterick Byers Co . Calumet & Hec. Campbell Wy 0 1! Canada D G Ale (1) Canada Sou Ry (3). Canad Pac ..... Cannon Mills (1) Gap Adm A Cap Adm p{'A. .. Garo' Clin & © (3) Garo C & O stod (5) Ooen LI < sy Case (3 1) of (7)" ! Gaterpil Tract (12) otex pt = Gent Aguirre (17" Gemt RENJ ... Gentury Rib M. ! Century Rib of (7} ero de Pas .. ertain-teed Cert-teed 70 Cpecker Cab Ches & Ohi Ches Corp ¢ Chi & E 1L Chi & E Ch! ot BYYRRQQTw AR 22 BB Qv s Rt D Chick Cst Ofl Childs Co .. Chile Copper Chrysler (1), City Tce & P (2)'] City Ice & P pf (8'5) City Investing (5) - City St City Strs ct City Strs A Clark Equip & Pitt (%) PRI gz 7 ¥ HFEE Stocks and dividends in dolla; N Low. Last. chane. et THE EVENING STAR, WASHINGTON, D. C Btocks and dividends in dollars. ONDAY. JANUARY 2, 1933 TRANSACTIONS ON N. Y. STOCK EXCHANGE IN 1932 Btocks and dividends in do High. _Low. ANCIAL 'RAILROAD PROFITS - Net Last. change. "150.100 RR00 ) 264,400 76,600 441100 206:R00 16:5400 1 600 1,809,900 1,890 130100 2317800 R0 8,260,800 i4 200 2,300 500 28,700 54 89.400 1 Golum_Pict_vic Columb_Carb (%) mi Credit | Cred A Coml Cr 1 Bt Coml Cr Bf (134 Coml Cr p{ B Coml Invest Tr (3} Goml Tuv Tr ev pf (@i Coml Inv Tr war stpd Goml Tnv Tr 7°: Bt (7) Goml Inv Tr 6147 Bt (8%) Coml Solv (.60)" . Comwith & Sou Gomwith & Sou Bf (8 Conde Nast -, . Gongoleum Conress Ci Conn Ry & Lt Gon Ry & Lik « Con Clear A Cie bt ) : Clg pr pf ww (813} Cig pr pf xw (6% R, Film i Con Con Con Con Con Con Con Con Con S, Con Oil pf (%) Con R R Cuba pf Con Text .... Container A Container B' .. Cont Bak A... Con: Bak B Cont Bak pt’ (4) Can (%) Dam Ins (1 as pf. .. Laundries (13 ol Cora Prod pf (7 OOLY 5 o5 o Cream of Wh' Crosicy Rad Crown Cork pi (4.0 Crown W P 1 pt (4) Crown Zeiler 3 Crucilbe Sti Crucilbe Stl D)% i’ Cuban-Am S pi . 1. Cudshy Pack (212) tis Pub .. ’ Curtis Pub of Davison Chem Debenhams Sec .. .. Deere & Co pf (40) . Del & Hud ) .. Del Lack & W . 0 ] Den & Rio G W pf Detroit Ed (6) Detroit & Devoe & Di Dome Mines (1.40B) . Dominion Strs (1.20m. Douglas Airc (3%) Dresser A .. Dresser B Drug_Inc (4) Dul's 8 & A o Dul 8 § & A bt Bunnin® i gnn}n'\ ;l‘ll‘ l'|l 8 uplan Sl pf (8} du'Bont G W'’ du Pon: deb (6). 1 pt (B Durham Hose pf ( Eitingon Eiting_Sch pf El & Mus ..... El Auto-L (1. El Auto-L pf El Boat . El Pow & Br&lsiy ElP & L pf (2% El Stor Bat Elk Horn Coal Elk Horn C pf. Endicott-John (3) " End-John pf (7) Eng Pub Svc... Equit Office Erle R R .. Erie 1st pf . Erie 2d pf Ins (1.2 ve Bus (H4) ;i.i Florsheim 8h A Florsh Sh pf (6) Follansbee Pood Mach . Foster Wheei Foundation . Fourth Nat inv (1.15u).. Fox Film A .. Frank 8im pf '(7) Freeport Tex (2 Filier 23 B er 24 pf Gabriel A ... Gen Am Inv bf (8) Gen Am Tank (1) Gen Asphal ... Gen Baking (2" ! Gen Baxine pf (%) Gen Bronze ..... Gen Cabls .. " Gen Cable Gen Cable Gen Cigar Gen Cigar Gen Elec 140 Gen Elec rol Gen Food~ ( Gen G & EI A Gen G & Gen G Gen G Gen Tte Gen Mills nf (6) Gen Mot (1) ... Gen Mot pf (5) " Gen Out Ady .. Gen Qut Adv A Gen Print Ink Gen Pr Ink pf ww Gen Pub Sve .. . Gen Ry Bic (i) . Gen Ry 8i pf (8) Gea Real & Ut Real & U pt Gen Refrct Gen S8tl Cast pf Gillette (1) .. Gillette pf (5) Gimbel Bros Gimbel pf Glidden Co. . = Glidden pr pf (3} [, Gael i Geld & 8iocx Tel' (8) Geld Dost (1.20) Gold Dust pt Goodrien . Goodrich pt % Goodyes T & R Goody T 1 pf (7 Goth silk H 2 Goth Bilk H pt (7) Graham-Palge ... Granby Con M Grand Unlon Grand Un pt (3 Granite C St (1 Grant (W T) (1 Gt No Ir Ore etf. Gt No Ry of Gt West Sug Gt West_Sug Greene Can Grigsby-Grun Guantan Sug Guentan Sug pf Gulf Mob & N 0] Gulf Mob & N pt . Gulf Sta St Gulf Sta Su il Hack Water (1147 Hack W of A (13 Hahn Dept Btrs . Hahu D Strs pf . Hall Print . Hamil Watch Hamil Wateh pt . Hanna nf (7) Harb-Walker Harb-Walk pt Hartman A Fartman B | Hat Corp A Hat Corp of Havana Flec FHavana Elec pt Faves Bedv . Helme (G Helme pt (7) Hercules Mot Hercules Pow {(iig) Hercules Pow pf (7) Hershey Choc (5). Hersh cv pt (3b) Ho» & Co A Holland ‘P Follander """ Homestake M’ (10B) Houd-Her A Houd-Her B 5 Household F pf (4.20) .. Houston oil ... ouston hew " Howe Sound (40) Hudson & Man (2%} Hudson & M pf (5) Hudson Mot .. 8) Gen £ < o Ind Motocy Ind Moto pf. . Ind Refin . Indust Rey (2) Inger Rand (%) Inger Rand pf ( Inland St . Inspirat Cop! In: NODr S Inte:con Rub Interiake Ir . Int Agricul . Int Agr pr Int Bus Mac Int Carrier. ot Cement @ e o P13 REdtett ot = ENEE TS 3 3 Py 23, GESIREE & 3R R e N5 S wR s i 22T DR RECEY 3 29 SESEESEE S55580.5. ST O e z2 Pt ) ) 52, ions o= e L £ = - 1 Dom 1z R e a Rl 2 222 FE RS e IS wnfl s =380 £ BE s BEaET EESESE 4 LD e e TR485 & I++1 1011 101600 HEH00 R.600 13,600 700 517.400 497700 600 93800 27,800 223,900 11,080 70 WE§§§?T Tnt Harvest pf (7) Int Hydro-El A . Int nt nt Int Int Int Int nt Int Int nt Int Int. Int Int P ot Print _Ink Print I pt (6 Ry C Am. Ry C Am pf.. Ry C Am ctfs 8hoe (2 Silver . Int Silver pi_4) . Int Tel & Tel Interst Dept E£t. Int D Strs pf ww Int D Strs pf xw ( Intertype . lowa Cent Ry .. Island Crk € (:r. ", Island Crk C pI (6). Johns-Manville . Johns-Man pf (7) Jones & L Bt pf (3 Kan C Pow pf B (6) Kan City Sou . Kaufmann Dept ‘lgll:‘erA Ldli i Kelly-Spring . Kelly-Spring ct! Kelly-8p 67, pf. . . Kelly 8p 6. pf ctls Kelly-Sp 8, "pf Kelly-8p &<, “?( ctls. Kelrey Hay Wh . Keivinator .. ... Kendall pt (6)... Kimberly-Cl Kinney (G R) Kinney pf ... | Kresge (8 §) (1) Kresse (8 8) ot Kresge Dept Strs Laclede Gas (6) Laclede Gas pf (5) . Lambert “(4m) . Lee Rub & T Lehigh Val C .. Lehman Corp Lehn & Fink (2) Libbey-0-Ford GI Ligz & Myers (4m). Lisk & My B (4m) Ligg & My pf (7) Lily Tullp Cup (1i5) ") Lima Loco Link-Belt Liquid C: Loew's (i) 0. Loew's pf (6%) Fal e ooty Lorillard (P) (1.20) Lorillard pt (7). MacAnd & Forb (i) MacAnd & P pt (0) Mack Trucks (1) Macy (R H) (2) Mad Sa_Gar Magma Cop (% Mafiinson . .. Mallinson pt Manati Sws Manati Sug wf Mandel_Bros . Ry qud . iyl Math Alkal (113} Math Alk pf (7). May Dept 8trs (i) Maytag ... Maytag 1 pf M Bt xw ] Call () McCrory Strs McCrory Strs B . McCrory Strs pt . McGraw-Hill .. McIntyre Pore {iVib) . McKeesport T (4) McKees & Rob McKees & Rob pf Mctelian ‘Strs . McLell Btrs pr 111 Melville Shoe (1.20) Mengel .. Mengel pf . Mesta Mach (1) Metro-Gold pf (1 Mex Pete . Miami Coy Mid-Cont Pet Midland 8t ... Midl 8t1 1st pf (8) . Mion & 8 L . Minn-Honey (1) Minn-Mol_Imp Minn-M Imp pf . Minn St P o b 3030 Brorie w19 e D - Cpi. Monsanto Chem (1% Montgom Ward . Morrell & Co (2) Morris & Es (37%) Mother 'Lode Moto Met Motor Prod (2) Motor Wheel Mullins Mig Mullins pt Munsingwear " Murray Corp . Myers & Bro (i) Nash Mot (1) .. Nash Ch & 8t L Dept Strs Nat Dept Strs 1 pf . Nat Distin .. Nat Dist pf (b Nat Enam & ‘Stpg . Lead (5) .. Lead pf A ( Lead of B () Nat Pow & Lt (1) . Nat Ry Mex 1st pf . Rv Mex 2d pf . t St (1) 7, Nat Supply Nat Sup pt Nat Surety Nat Tea_(.60) Neisner Bros Nev Con Cop . "'’ New Orleans T & Mex . Newport _Indust Newton 8tl pt (%8 . atlem (5) Harlem pt (5) oo od g o 25323 XX LLUL BALALLLLE, 22 3 North Am pf (3). No Am Ed pf (8] No Ger Lioyd . Northern Cent’ (4) Northern Pac .. Northwest Tel Norwalk T & R Norwalk T & R Ohio Ol (H0g) (7 Oppenhelm Coll " Orpheum pi . Otis Elev (1) ° Otis Elev pt (i Otis Sl . Otis 8tl pr pf Outlet (4) _ . Qutlet pt (1) 1! Owens-1ll GI (2)" . Pac Coast .. Pac Coast 1 Pac Coast Pac G & Fl ( Pac Ltg (3).. Pac Mills Soes PacT & T (3) Pac T & T pf (8) Packard Mot . Pan-Am Pet (.80). Pan-Am Pet B (.80) Panhand P & R Panhandle pf Parem Publix Park & Ti.. Part Utah .\ Parmelee Trans Pathe Exch .. Pathe Exch A. Patino Min Peerless Mot (4Vaf Penick & Ford Penn C & C.. Penney (J C). Penney pf (6).. Penn-Dix Cem Penn-Dix Df A Penn R R ‘Peoples Dr S Peoples Dr cv pt_(6%; Peoples Gas L & C (5). Peoria: & East .... Pere Mara . Pere Mara pf Pere M pr pf Set Milk . 2etro Corp Phelos_Dodze #hily Co 6% pf Phil- Co pt (6) Pila RC&1... Phila Rep Trans pf Philip Morris (1) Bhillips-Jones . Bhil-Jones ot (7). 34 Bt TFEr= ety - 2a E- P * 22 & e S st £l £ ¥ S S a0 w-BhS0atuulende o 1 190 o s o O o F R FREEEERY FWE OF OV & o BRBran SuoorlBosas o iee P 5505 B i e * ki & FIEETS 5 .3 2 i VRPN § EG R LILTL+tn ulII+|+|_¢_o|wu.yn|+|+1+|¢nx| + B e (RRURREAE] “| 1+ Eammam 1+] = == B i L SRS S FEE W S > -y Pitt T Coal pf Pitt United .. . Pitiston Co .. .n Plymouth Oil Poor & Co Porto R Al Porto R A Postal T & Prair Oll & 500 Preir L . 0 Pressed Stl Car . Press Stl Car pf Procter & Gam ( Procter & G pt (5! Prod & Ref ... Prod & 28 o _cwds o 74,000 Blaco 24,800 34 Pure Oil ... Pure Oil pt’ (X} Purity Bak (1) Radio ... . Radio pf B Radio pi .. Radio-Keit":0" .’ R R Sec Il C Bik . Raybestos-Man (.60} Reading Co (1) . Read 1 pf (2). 2 pf (2) al Bilk al Stk pf . Reis & Co . 05 Reis 1 of .. Rem Rand | o Br A ot 109.600 Reynolds Me. 300 Reynolds 8; . ) Reynolds Tob_(:3) 1,836,600 Rey Tob B (1) . 500 Rhine-Westph El (1 00 Rich Ol Cal ... 6,400 Ritter Dent . . 5 Rossia _Ins . .o Royal Dut (.8058) Rutland pf . . Safeway Birs Safe Strs 7o Safs Strs 6 St [tN) 08 et 6,000 227,700 168.000 T Ty S purn ox N EBERE 19 & Schulte Ret . 288 Schulte Ret pf | 100 Scoti Paper (1.40) 00 Beaboard Air .. Seavoara Atr il Seavoard Off F40) Seagrave Sears Roeb ' N Second Nat inv . 4300 Becond Nat pf (31K ... 00 Seneca Cop s 400 Servel ... 400 Sharon 8t H ... harp & Dohme Sharp & Dobime pf 84400 i G B 5 ell Uni 43000 Simmony ey 2 mm: . 87.000 Skelb: o (25! 00 Skelly O ot ww 8200 Slosss sl a"T 8710 8l St1 ‘bt 30,400 Snider Pack ... . 2,248,400 Bocony-Vacuum '(.40) Solv Am I pf ww (3%). So PR & ) Sou Sou ey BB E o S 17.400 saE ) Sy cunt -Dabessia-chEad amaskisaRerns-am 31,900 41805 3,808,100 Sou 616,500 Sou . . 100300 Sou Ry o - s 8 RS o v O Spea: pf i Spencer Kell (.60) . icer Mg B e R LI FENIE F ETF RS baker Studebaker pf Sun Oil (1a) Sun Oil pt (8) uperheater (.5 uperior Oil . Superior St1 | Sweets Co mington mington ‘A’ 4,300 Telautoeraph ( 6,000 Tenn Corp .. 2,400 Tex & Pac Rv ... 1,358,300 Texas Corp (1) .. 915900 Tex Gulf Sul (2} 91400 Tex Pac C & O.. 526700 Tex Pac L Tr.. Thatcher .. Thateh ev i (3 14900 The Pair - 1960 The Pair pif. 60200 Thermoid . : R5.600 Third Ave 00 Third Nat inv (0} 00 Thompson (1 R) (1) 2R.500 Thompson Prod . 52500 Thompson-Sear 100 Thomp-Star bt 574,400 Tide Wat As.. 81700 Tide Wat As pf (6)" 4000 Tide Wat Oil (1) .. .. 2100 Tide Wat Ofl pt (5) 140.400 Timk-Det Ax .... 788.800 Timk Roll B (1)". 1,862,600 Transame-ica Transue & Wiil Tri-Cont Corp Tri-Cont pf (8 Trico Prod (2%;) Trusx-Traer . Trucson Stl . Twin City R T. Twin City pf. . E Ulen & Co 1201100 Underwood-El 1730 Under-Ell pf 31,000 Un Bag & Pap 4337300 Un Carbide (1.30) 47900 Un Ofl Cal (1). 831700 Un Pac (8). Crr) 2,900 610,700 56.100 44,900 9,300 30,400 9,800 2/7R0 00 1 5407700 United Gorp 304,800 United Corp pf (3) 11,710 Unit Dyewood . 040 Unit Dye of (7) .300 Unit El Coal. 1030800 Unit Gas Im 120 30,800 Unit Biect Dye. . TS Express Freight 8nmm (4] l[m; iypsum pf (7) | Hoft Mach Indus Aleo . Leather Lea A Lea pr ot Pipe (2) . Pipe 1st pf (1.20). Real & Im . Rubber . ... Rub 1st pf . Steel il ". Sy Tobacco (4.40) Tob pt (T) . Strs A 8trs p! (3 Lert Tob Leaf pf (R) Pict st pf. ek !gg g%l‘lh Cop ... 87.600 Vldsc’o kva.A‘ 2,400 o EEEME » 397.500 301100 192,300 406600 180,500 FE S a Rl B3, FE s F) 160 Va Ir C & C pi 9430 Vulcan Detin . 770 Vul Det »f (7) 000 Wabash Ry . 00 Wabash Df 000 Wabash pf B 149,600 Waidort Sve 15 1.400 Walgreen pf (6 00 Walworth 00 Ward Bak 00 Ward Bak B 00 Ward Bak pf (2) 00 Warner Pict .. R:800 Warner Pic pf . aND0N Warner-Quin @ Warren Bros " Warren Br cv pi 300 Warren Piy & P 80,200 Webster Eisen . 860 Web Eiten pf. TOP 1331 FIGURES ,;;!November Reports Show In- crease Over Earnings of Same Month Last Year. Spectal Dispatch to The Star. NEW YORK, January 2.—The rail- road statements for November, now | being published, do no’ make relatively | as good a showing as those for October, but they are satisfactory at one point in that a large number of them indicate an improvement over November last year. Among the 26 systems that displayed l‘ greater net operating income in No- vember than for the same month in 1931 are the New York Central, On- 4, tario & Western, Srie, Chesapeake & 2 | Ohio, Wabash, Pennsylvania, Lehigh Val- ley. Chicaro & Northwestern. Louisville | & Nashville, Southern, Nickel Plate and | Central Railroad of New Jersey. The most significant was the' increase of over 65 per cent by the New York Cens ral, with several roads that had deficits a year ago able to turn a loss in gross | revenues into an operating surplus, October Income. In October the net operating income of the Class 1 lines was only slightly : lower than that in the same month last year, which compared with a reduction of nearly 80 per cent in July. The No- | vember net loss for the first 56 roads ! reporting wes 4.2 per cent as against the figure for 1931 and contrasted with a 17 per cent drop in gross earnings. This is further evidence that the car- riers are still able to operate at a ratio. In fact, some of the larger s tems, such as the Pennsylvania, show-a continuation of the control of expenses which has been one of the chief fems | tures in this year's report. Among individual lines there are spe- cial features in the November state- ments, as well as those for the first 11 months of the year, which have at- tracted the attention of investors. For instance, last month the net operating incume of the Louisville & Nashville was 140 per cent greater than in ‘Noe vember, 1931. This statement was the basis of the recent accumulation in Louisville & Nashville stock. The addi~ tion to net operating income of the Atchison in November gave the road a | margin over the amount required to pay the full 5 per cent dividend for the 12 months on its preferred stock. The Illinols Central system is dis- tinctive, along with the Reading, for its larger net operating income for the 11 months then in the similar perfod of 1931. Although the Union Pacific last month did not do so well as earlier in | the year, its net open!lnq income to November 30 insures ple cover for ;ge“: per cent eivoxc.iend now veing paid common . ansas | Southern " airectors ~ have "o o enough satisfied with the sh of thelr property to declare another semi- :mu:l d!videndmn the rate of 2 per year on their 4 per cent o red stock. This is one of the fow r'euur in the country that still makes disburse- ments on its senior shares, although have 4441 a FEEEERENE » |44+ SIS = .. (=1 L nta D2 Ao RS S I n oo BoR O 0 3 3 dividends on the been suspended. ST, o Fixed Charges. “= e other side of the pi i | ma it e 2 e pictus of o al that normelly earn enough to pay sub- ** | stantial dividends on common and ferred stock, but this Y PO g} | quirements. The Great Northern & loss of 90 per cent from 1931 l;hn‘e’t 0] ing income. The Chicago & orthwestern is off 80 per cent for 3 | o in the same ftem. The Rock a | lnuul::ve lnmcd 70 per cent less, thiy 33, 1 year to aj to charges than they i aid last by, e n November the Burlington, which Ihu Just passed its dividend Al:er - Tecord of uninterrupted payments back well into the last century, had tions of about $29;: * net loss from o pera 000 and, like its joint owner, Northern, its net operating —— o the vear is down 90 per cent. . The New York, New Haven & Hi ford for the 11 months shows a deficit after charges of about $292,000, com- Btyeur of 350500, 5 he Coleage of ,525.000. The Milwaukee, St. Paul & Pacific has operating deficit ‘so far this year- of $805,000, while last. year it had an y ating income of $7,740,000 and hogo twice that amount. Even the Dela- | ware & Hudson, one of the six class T joads still paying dividends, has to con- fess to an overating deficit for the 11 months of slightly over $15,000. (Copyright, 1932.) Australia has restricted th % tion of firearms, the fapogjs 1500 ot * o Bz S to our thousands of friends and patrons, who have for over 42 year held faith with this insti- tution. We extend every wish for your happiness and prosperity. B Do ousema S2,8 8 B-SRa2352308 & Semi-Annual Dividends JION, L bt T4 : PERMANEfiT BUILDING ASSOCIATION 4, 949 -9% ST. NW, FEE = Buasep-Sane neaBuee o el w910 19 o ¥ & F 4L+ ] ] 2 @ woBadn The Fidelity ‘Building & Loan Association | MAIN OFFICE, 610 13th N.W, (135X Capital st 5 315t & M, Georgetor BRANCHES 8th &K, Navy Ynd'wr 1427 H'st. NE. '8 Under Supervision of U. §. Treasury Begin the o New Year y : SAVINGS ACCOUNT . « « « and make 1933 3 e SSE S #1000 Ay 2. R E R Save the Building & Loan Way + and receive Srmruaaull ol o 2 b