Evening Star Newspaper, January 4, 1933, Page 14

-~ FINANCIAL. STOCKS G0 HGHER N SHALLMARKET |Trend Changes as Traders Turn to Buying Side. Gains General. A—14 sx» FINANCIAL, WASHINGTONBANKS [ TR ANSACTIONS ON THE NEW_YORK STOCK EXCHANGE k2 NOTE—Today’s indi sales are not given i this edition. -Teday's indi sales are met sh in this edition. m fimn BUNDT"UN Sales of ehch Sock n this edlHion are Trom yesierday's Daver. "in"thle cA1on wre. from yesterdaz’s DADSE: Sales o 1033 T Stockand | Bales— Net. Sales— Net, | —1099—, s High. Low.. Dividend Rate. Add 00. High. Low.Close. Chge. . k. v 5 3 3 . Low. Vs 1% Adams Express. 9 5% 73 22 Adams Exppf (5)... 20s 50 4 National Call as of Decem-| sox Adams Millis (2) 14 AddressogTaph ber 31 Is Issued by Air Reduction (3)... Controller. 3 = sales are mot siven in this edition. tven tiom. n::;m- e froa Sesteraar's ‘Daver. K yesieraays paver. Stock Dividend Rate, Add 00. High. Low. Close. Chge. . 15 20% 20% A 5% Gen G & Epf A (p8). 28 Gen Mills (3). 7% Gen Motors (1)... 56% Gen Motors pf (5) 214 Gen Printing Ink. 1 en Publie Service. . 6% Gen Rwy Signal (1) % Gen Realty & Util... 1% Servel Ine. . 5 5 Shattuck(FG) (50¢). 2% Shell Union Ofl... 18 Shell Union Oil pf. 2% Simmons Co... 12 Skelly Oil of ww.., 1% Snider Packing. .. 5% Socony Vacuum 40c. 35 Solv Am pf ww(5% b 4% So Port Ric Sug 1.60 1 % 10 USSmtg & Ref (1).. s : 35 Souchern Cal BacH) ‘ 2l U8 Steel s : Seainl . S cRomeS s muG— Am Car & Foundry. . 7 334 Glidden Co 614 Southern Pacific. 299 +2% | special Dispatch to The Star, P. G. Awalt issued a call today ssking | Am Car&Foundry pf. 85 Glidden Co pr pf (7). 213 Southern Railway. .. ‘ % 24| " NEW YORK, January 4. &= for the condition of all Washington | Am Chicle (13)...... 2% Gobel (Adolf) ... 36 4 3% 3 Southern Railway o ; 1 b4 htlgherm today’s " stotk - market = | Am Come'l Aleohol Gold Dust (1.20 parks- ngton. . strength as the Hinks ind &1Lt calional berbyef Shel Am & Foreign Pwr. 70" Gold Dust pE (81 8% Standard Brands (1). B o e Ll | Becarie tucysnt i the i e At ~country, as of December 31, 1932, the| Am&Forgn Pw ot (8) 2 Goodrich (BF)..... ! 7 Stand Com Tobacco. . 1ol 7. 2. Van Ramite.... + %! vances were recorded a1l sing. the 1 final call of the year always coming on 5 Am & For Pwr pf(7). 5% Goodyear Tire&Rub, 34% 7% Stand Gas&El (1.20). 11% 3% Va-Car Chem 6% pf. T | with the high prices at the end. that date. | 2:# Am & For Pwr 2d of. T4 Gotham Silk Hosiery 41% 9% Stand Gas&El pt (4). 4% T4 Vulean Detinning... 8 | Tt Is fliogical to buy both fixed interests The following deposits were reported | 8 Am Haw Stship (1).. 1 Graham-Paige . 31% 15% Stand Ofl Calif (2).. — +1%| “The market was responding to the by es many local banks as could be 1 Am Hide & Leather.., 2% Granby Consol o 100% 81 Stand Ofl Exp pf (5). 4% 7 Wabash RR. + % bellef that inflation, in one form or reached before press time: A 25 Am Home Prod 4.20.. 22 Grand Union pf (3).. 1615 7 Stand Oil Kansas..,. 6 1 Wabash pf (A) s 2 another, was certain to result from leg- Banks. December 31, 1932. | 3% Am Ice Co... 14% Grant (WT) (1).. 37% 19% Stand OIINJ (12)... Waldorf Svatem (1). 4 islatjon impending at Wi National Capital $1,647,004.00 21, Am International. 515 Great Northern pf. 814 1% Stewart Warner. Walworth C 1 | was' & speculative mumm Mm Columbia National . 3,935,255.00 3% Am Locomotive. .. 1% Grigsby Grunow 17% 4% Stone & Webster. Ward Baking | 2n economic one, otherwise bonds would Commercial National 11,302,625.00 ; Am Locomotive pf. Warn Bros Picture! District National . 7,075,718.00 Am Mach&Fdy(80c). R 83 Hannapt (7). 19 Hacken Wat pf A 1% AN S Sumieiuker Chin. Farmhe not have been as st Federal-American 15,178,750.00 Am Mach & Metals 15 Hat Corp (A). : 104% 30 Studebaker pf (7) 1t is 4l “hoth terest 14% 7 Superheater Co(50e). Webster Eisenlohr | u.nng"'é"zfx?.’,.'fio:‘.".:%‘“.q“u’fé‘i. n r:: Franklin_National... 4,026,258.00 Am Meta) pf..... . 13% Hercules Powder 134 Liberty National . 3,019,775.00 Am Fower & Light. 43% Hershey Choc (5)... 2 % Superior Ofl. ... & Wesson Oll & Sn (1). 4 | pectation of & ch:e; Wesson O&Sn pf (4). i e ch:zpened dollar. in National 5,850,814.00 AmPELEDLA (214). 28 28 Eneiisile) 4% 1 Tennessee Corn. T R T . 73, | Foreign dispatches reported free ofs incoln National . ,850,814. £ ™ lershey Choc p! ;‘hnonnl Metropolitan 18,731,804.00 Am Pwr & Lt pf (3). 12% 3K Holland Furnace. ... West Pa Elec A (7). 25 9% Texas Corp (1). West Pa Elec pt (6). {féi’x‘,': o;iég:-m dolhrshxmmumm Lim Am Raftistor. 20 % 12 Tex Guit Sulph (2).. 3 as an exp grow- Riggs National .. 62,191,662.00 m Lsenens . %] 163 110 Homestake Min(110) Bank of Washington 8,897,738.00 Am Rolling Mills. ... 4 + %! 4% 1 Houdailie-Hersh (B) 1% Tex Pacific Coal&Ofl. ing confidence in sterling. It it . 2% Tex Pacific Lan s have been, however, distrust of the dol- ‘American Security & Trust. 31,780,002.00 L AmguIShEELE () EEON T1%| 5% 1% Houston Ol new) % Thamats oo s Dalry o lar rather than in National Savings & Trust 16,151,390.00 :"‘ e WeTa A 1 | 16% 4% Howe Sound (40¢) 2 Tido Water Asso Ofl. Western Union. ..... Spot quotations did not reflect Munsey Trust .. A 4,799,638.00 A"‘ st“ “’;’2" ')7 30% 8 Hudson& Man (2% s . Union Trust .. 9,236,348.00 mBtares (133 11% 2% Hudson Motor Car pound. Loa? b G T U Westing’se Alr B(1). ; this situation_either here or abrosd. & Trust. 16,317,604.00 Am Sugar (2) +1 5% 114 Hupp Motors, .. 2 Timken-Detroit Axle Westinghouse Elec.. 24 erling was down 1,?/.1,, midafternoon Washington Loan & Trust. 16,317,604. = : l Commerce & Savings. 1,508,477.00 Am Tel & Tel 5 _%_P.L“‘ Hupp Motors: o locs A Tonacea B (16 15% Illinois Cent 11 (4) Am Water Works(1). 1 I[ndian Refining. .. .. ‘Am Wat Wks ctfs(1) 7% Industrial Rayon (2) Am Wat W 1st pf(§) 14% Ingersoll-Rand (2).. Am Woolen. ... 10 Inland Steel. ... Am Woolen pf. % Inspiration Copper ‘Anaconda Copper 2% Interboro Rap Tran: Armour of 11l (A) % Intercontl Rubber. .. Armour of 111 (B) 1% Interlake Iron Armour of Ill pf. % Int Agriculture 3 ‘Assc Dry Goods 5235 Int Bus Mach (§).... 18% Asso Dry G 1st pf..e 1% Int Carriers Litd 20c. 17% Atchison. 3% Int Cement......... 10% Int Harvester (1.20). 2% Int Hydro-Elec (A).. % Int Merchant Marine 315 Int Nickel of Can. Leather (A). Alaska Juneau(60c). -~ . Ipe & Fdry (2). Allephany Corp..... Alifed Chem & D (6). Allled Chem pf (7).. Allis-Chalmers Mfg. Ama! Leather....... BY EDWARD C. STONE. A::r :‘C:r; @)... Acting Controller of the Currencyl Am Can (4)... % Gimbel Bro: AR Expesss ¥ FEEFFESIES + & » o & +++ FEE n % % 5 B o R R ~ ¥ OREE 2 hb T4+11 s ® FEES V4 EF FLEFEPEFEE FEFRF Western Dairy pt B. 41+ 110 E3ey & Westinghse 1st (3%) 108 and francs were up eeling Steel. z Wheeling Steei pf. ical, Auburn Auto, United Alrcraft and Wileox Oil & Ga: United States Steel common. 19% Tr.co Products(2%). Wiilys-Overland. The weekly report of iron steel — Witson & Co. . conditions by the Tron Agé was ack 4 Ulen & Co. .. 5 4% 1% Wilson & Co (A). ticularly cheerful, T% Und-Ell-Fisher (50c) 45% 22 Woolworth (2.40) the rate of production ‘from 13- per lg‘a g: Slllr:;dé-dfi;:;ll)") 24 Worthington Pum 144 cent last week to 14 per cent, but said 27% Union Pacific (6) . 7% 1% Yellow Truck....... 3% 34 o5 Unit Afreratt. 21% 4 Youngstown Sh&Tu. 1% 10 % Unit Alrcraft 2 % 4 Zonite Produets..... HA 6% Unit Carbon “ Sales tocks - % Unit Cigar Store: 10:30 AM. d.' woo.o. st v L 23"' g::: S::: ‘(“f"(fl‘); 1:30 P.M....... 540,000 . to_g:e depression low, Dividend rates a5 given In the above table e price-cutting in 104 Dait Frult ). o Dapetch the liae sunno e e it A5, e SBONLEAR | trae” continued, with pione comaou 99 70 Unit Gas&Im pf (5)., 4% o sigek. Pald 'this year—no® reguisr ‘rers fl'.‘mg'fi {alling in line,On the other hand come 11% 3% Un‘t Plece Dye Wks. T stock 1 Pius 1 in spectal prefurs Sinci® b W) mm 6% 1% U'S & Forn Secur. ... SR U Paid Tast’ year—no e BTRa B Sl niintel. aciie g g o those who believe mlf It and CORPORATION GASOLINE PRICE GUTS | i REPORTS || " COVER LARGE AREAS| 5 the d i _ | General Reduction in C| States LEADING ORGANIZATIONS. e STANOn Ae Daealed kn Mt ml L tics of corporate financing for 1932 8 Wt e tbtat witlpk v only Declared, Affecting Many Parts of Nation. NEW YORK, January 4.—The fol- total reached lowing is today’s summary of important 3}"“ bz;;_um Dr{ th: o corporation news prepared by Standard | !¢ year of 1939, New bond issues during the year, on | By the Associated Press. sumit..lgd C;r Inc., New York, for the Assoc: ress: the basis of calculations by reliable| NEW YORK, Janua: gaso- |, 3 ry 4—Four ivate sources, indicate total Bullding, Real Estate and Related Lines. | PTIVA(® S0urces, Indicate the total was | yne refining companies yesterday an- Canada Cement Co. Ltd., preferred | tions by-the United States Government. | Bounced reductions of 1 cent a gallon ;g”:z De;ue:ng:_; ‘y,m ended ov:mber;"mutgomp.w with $1,763,000,000 dur- | in that product, meeting a similar re- , $3. ny . which in itself | duction g the previous year, whic! i d. put into effect yesterday by the Food Products. showed & decline of 18 per cent from hi tal - ¥ X : Sinclair Co., e 'w 1-of $8,639,000, reache. in | o -y luhid!.nryo!u:e The Sinclair reduction, in point of % Timken Roller Bg(1) 2% Transamerica Corp. . 23 Transue & Willlams. 1% Tri-Contl Corp. ..... 42 Tri-Contl Corp pf(6) 4+ F33 Park Savings . 2302,471.00 Potomac Savings . 2,783,264.00 Security Savings & Com... 5,311,716.00 Seventh Street Savings 1,336,532.00 United States Savings. 2,162,018.89 ‘Washington Mechanics 2,416,390.00 | McLachlen Bank ..... 1,985,698.00 | Mount Vernon Savings... 2,719,594.00 Second Nationa! .. 5,853,484 Controller Awalt's call finds Wash- 4ngton banks in an unusually liquid con- dition and, of course, the usual varia- tions in deposits are noted. There are always withdrawals around Christmas time. Much of this money finds its way back into the banks early in January 2 the last quarter dividends come in. Bankers here and elsewhere report & growing interest in the savings depart- ments, To many financiers it looks as if the coming year would be exceptional for thrift. If this belief proves true, such a trend will be constantly revealed in bank deposits. Trust Advertising Increases. Marked increases in the amount of money to be spent in 1933 on adver- tising for trust, services by banks and trust campanies are found by Francis H. Sisson, president of the American Bank- ers Assoclation in the results of a sur- wvey of the plans of those institutions 3 conducted T W09 sy division of the Borden Co (2) 5 o n| 14% 3% Borg Warner. 10 Kroger Grocery (1 193:?;5 tgg"fi':sl: xfi"ehlrg“ye:ursn‘?ifivéd‘ 19% 4 Boston & Maiie 8 % 25 Lambert Co (15) Sisson, “There are cefinite rea- | 11% 2% Briges Mfg Co. 5 1% Lee Rubber & Tire. fons on which to base this optimistic| 10% 4 Briggs & Strat (1). 5 Lehigh Valley RR outlook. There are tangible signs that| 50% 11% Bkyn Manhat Tran. 30% Lehman Corp (2.40). point in this direction. The experi-| 78% 31 Bklyn Man Trpf (6). 6 Lehn & Fink (2)..... ences of the past three years have made | 9% 46 3% Libbey Owens Glass. B R Jeaht their own | 119% 100 Brown Shoe pf (7). R oo Jr Pt Sty fity o seloct sound investments, Be- S R 345 Likk & Myers B (15). cause of these experiences they are % % Lima Locomotivi Bujlagd£o;ce 63 Link Belt (80c). tu to conservative, well equipped rning to | s tvpe ¢ e g 9 Liquid Carbanic. General Foods Corporation reduced | fa5y Burroughs AM(40¢) . 13% Loew’s, Inc (3) wholesale price of Maxwell House territory covered, was one of the farthest reaching in oil history. Virt: entire territory east | 4+++4 b1+ 3 * that the mills were dependent on automobile and the m’&em« Mfi‘: fr o, e, soper” Pl B P4, 00m, Producien, 1oy Decomber with the daily average down aimost o FEIFFFFIFEFFESTE 9% Atlantic Ca 8% Atlantic Refining(1). T4 Atlas Powder.... 28% Auburn Motor (£4) 1% Avation Corp (Del) 2 Baldwin Locomot Baldwin Locomot 9% Int Salt (1%). % Baltimore & Ohlo.... 21 T% Int Silver. . . Baltimore & Ohlopf. 7 26 IntSilver pf (4)..... 8508 Bang & Aroos pf (7). 20s 2% Int Tele & Teleg..... 4 Barker Bros. . 2 52% 18 Intst Dp St pf xw(7) Barnsdall Corp. 35 15% Jewel Tea Co (3).... g::rr':c(:‘érl::n?:g?: 4 33% 10 Johns-Manville..... Beech-Nut Pkg (3) 46 16% 2% Kansas City Southn. Bendix Aviation - A 7 14% , 4% Kayser (J) &Co..... Best & Co. 4 % Kelly Spring Tire. ... % Bethlehem Ste % Kelsey-Hayes Wheel Bethlehem Steel p: 2% Kelvinator Corp. Boan Alumn & Br: Ll +++444+ 0 1+ + +1 o CORPORATE FINANCING DECLINES DURING YEAR sFer suees FAEE A+ 4+ % = st instigibions to pertorm th Ao hRet few Suiits.” Bush Term’l deb stk. 1208 ! Trust Paye Thirty-third Dividend. 1244 Bush Terminal pf(T) 108 B g A > gggfi from 30 cents to 243 cents a Quarterly dividend checks and reports 2 % Butte Copper & Zine. 7 9 Lorillard (P) (1.20) - have been mailed to 16,243 shareholders | 24% 7 Bvers (AM). G -8 714 Louisville & Nash. .. "‘m‘g:fi;“‘);fem T g e TeRe| 19 4% Calitornia Packing. 11% 1% Ludlum Steel G ylaey y T L YOS T T A share on 951,208 shares of Tecord De- | ;0% o Gonameld Rt 21 10 McCall Corpn (2). Smber 38. 20% T4 Canadian Pactfic. B e LX) This payment compares with 21 cents [ gga' 163, Case (J I) Co. 3“ oyt ( 7‘~ paid in each of the two preceding quar- | 75 30 Case (J 1) Co p 2 ¥ McKesson & Robs p: e | P gl g P b ters, all fully earned. It is the thirty-| 15 4% Caterpillar Trae 50c 4 % McLellan Stores. ... oy i o Desanver 31 d8a1. | Jeoe 20, 3 third consecutive guewrly cash dis-| 1gi 11 Celanese Corp % i Ysenis St e vs. $1.32 on X : ment of the trust. It was paid to| 2015, 7% Cent Aguirre ( % 28% 4 M-c ;‘fik'&'”"," 3 Y oil. Washingt Stock E h the largest number of shereholders, on | a5 ' §0 Gentury Rib M pf(7). W 20 (RE) &0y ) Pure Ofl Co. reduced gasoline prices | WasShington Stock Exchange - e number of ;oUMBAIng] 15y c3y:Certode Pasco. P ey e SRS in Ohio by 1 cent a gallon. v SALES. * » res, in the trust's Ty, 30% 16% Checker Cab Mfg. MARYLAND BANK CALL. Household Products. BALTIMORE, January 4 (Special).— Colgate-Palmolive-Peet Co. declared ' George W. e, State bank commis- regular quarterly dividend of $1 on |sioner, bas issued the third Maryland common stock. b"ékt ulél of the ;;::r All Su::; mhnh an rust compan! are re- Tttt Erme port their condition as of ber 31, Adams Express Co. liquidating value | 1933 " The previous call was lssued TS FPFFREFEE & F2F F o 6% Marine Midld (80c).. The quarterly report shows the trust holdings on_December 15 of 326,615 shares of common stock of 77 American corporations, all of which are paying dividends, aceording-to A. S. Goulden & Co, in the Woodward Building. Investment Firm Elects Officers. Directors of Firemen's Insurance Co. of Washington and Georgetown held their meeting of organization yesterday and re-elected all of the officers. They are: Willam M. Hoffman, president; Albert W. Howard, vice president and secretary; Edward C. Baltz, vice presi- dent; James N. PFitzpatrick, jr., assistant secretary. At their annual meeting the stock- holders re-elected all directors as fol- lows: Edward C. Baltzz Millard T. Dixon, Leroy Gaddis, jr.; Parke A. 31% 20% 4% 8 14% 31 6% 16% 24% 27T% 14 B 21y 28% 68 96 120 50 9% Ches & Ohio (2%) 4% Checapeake Corp (2) % Chi Ml StP & Pac... 1% Chi Mil StP & Pac pf. Chi & Northwestern. Chi & Northwest pf.. Chi Pneumatic Tool Chi Rock 1 & Pac. Chi R [ & Pac 6% Chi Yellow Cab (1). Chiids Company . Chrysler Corp (1) City Ice & Fuel (2).. City Ice&Fuel pf 6% . 3408 Cluett Peabody pf (7. 10s Coca-Cola Co (7). Coca Cola (A) (3) Colgate-Palm-P (1). Colonial Beacon Oil. Colo Fuel & Iron. A R FEFEEER & FEF 4+ o &7 % Marmon Motor Car.. 3 Marshall Field & Co. 9 Mathieson Alk (1%). 9% May Dept Stores (1). Mengel Co. 20 Mengel Co pf. 5% Mesta Machine (1) 1% Miami Copper. 3% Mid Continent Petm. 2 Midland Steel Prod. . 11 Min-Il'well Reg (1). % Minn Moline Pow. 4 Minn Moline P pf. 1% Mo Kan & Texas..... 8% Mo Kan & Texas p 1% Missouri Pacific.. 215 Missour] Pacific pf 13% Monsanto Chem 1% . 8% Montgomery Ward % Motor Prod (a2) Socony-Vacuum _ Corporation. _sub- | potomac Electric . Cons. 56—$1,000 at sidiary, Standard Oil Co. of New York, cut tank wagon and service station prices of gasoline 1 cent a gallon throughout its territory. Standard Oil Co. (Indiana) cut price of gasoline 1 cent a gallon in its terri- tory where prices had not been ad- Justed. Standard Oil Co. of Ohio reduced price of gasoline 1 cent a gallon. Superior Oil Co. of California de- clared a dividend on preferred stock equal to 2 per cent of accumulations to December 31, 1930; on December 20, 1932, a similar distribution was made on preferred stock. Retail Trade. Loblaw Groceterias Co., Ltd., sales, 28 weeks ended December 10, was $7,- 498,032 with a net profit of $441,668 104%. Potomac Electric 5)2% pfd.—10 at 108. 10 at 108, 10 at 108, 10 at 108, 5 st 108, 2 at 108, 1 at 108, 2 at 107} | capital Traction Co.—10 at 12, 10 at 12, Capital Traction 55—8$500 at 52%. | Washington Railway & Electric 4s— $500 at 89%. Bid and Asked Prices. Amer. Tel. & Tel. 4%s Am, Tel. & Tel. ctl. t Anacostia & Pot. R. R. e pure: O G e re Co. met the Teduction by cutting away 1 eemglm ’g:lh- tank wagon and service station prices in territory served by it, including western States. Standard Ofl Co. of New York, Inc., announced a similar cut, to go into ef- €O New York g e o aad e fect today, New England PARIS BOURSE PRICES. PARIS, January 4 ().—Three per cent rentes, 78 francs; rentes, 94.20, e et Exchange on London, 85.44. The dol- | lar was quoted at 25.62. SILVER QUOTATIONS. NEW YORK, Jan 4 —Bar siiver firm, 3 higher a2 247 U. 5. TREASURY OERTIFICATES (Reported by D. ey & Co) s 3 3 2223 883 o N e Colo & South 1st pf. L SRAERE: Mibns MIE ot . e gy S g 5 167 T 8 Nash Motors (1). W. Howard, Charles H. Kindle, John H T i Nt hdece. Snyder, Schuyler S. Symons, Albert W. v 205 Nat Biacult (2,807, Walker, James M. Woodward. 6 Nat Casn Re (A). This company is one of the oldest in 14% Nat Dairy Prod (2) Washington, its charter being dated 1% Nat Dept Store 1837. President Hoffman of the com- 13" Nat Distillers. pany completed 40 years’ of service with 10% Comel Inv Trust (2). 1 §1 NatLead pfB ( it last June, having entered its employ 55% Comel Invev pf(e6). 2 6% Nat Pwr & Lt (1) on June 12, 1892 9: Eomr: én;:Tr.gt 0. 17g; 1gv, Nat 2"".“"2’ o i 31 Comel Solv (60c). ... 13% Nat Supply pf. Today's Trading on Exchange. | 716 Combet Solx L8sc)ec: A A BavRly b Trading was more active on_the| 27% Comwlth & Sou pf(6) 315 Nat Tea (60c). Washéngwn s&)ckfxgk:;zed;?ngx U:;I;; % 6% Congol-Nairn (60e). 21 Nevada Con Copper.. on the opening busi 1 Consol Film. . 2 year. Thgemarket opened with $1,000 [ 2% Consol Film pf, %N Potomac_Electric Power Consolidated 31% Gonnol Gas N'Y 6s changing hands at 104%. | Potomac Electric Power 5% per cent | preferred figired in seven small-lot | sales, totaling 48 shares, at 108. The day's sales reached 50 shares, as two more sold at 107%. | Capital Traction stock was out again vs. sales in 28 weeks to December 12, 1931, of $8,059,534 and a net profit of $508,928. Wash. Gi Schulte Retail Stores Corporation cut : N retail price of popular brands of cig- MISCELLANEOUS. arettes to 13 cents a package, two for | Barber & Ross, Ins, 6l 25 cents, and $1.19 per carton; previous | Golumbia Gountry Club 574 price was 14 cents, two packages for gj ‘i‘ Pal;fi l‘f'g";f': i 27 _cents. - M. Chase Natl ( Unitea Cigar Stores Co. of America Commercial (3" miners in a $125,000 proj reduced prices of leading cigarette : 13 5 wood, England, has Been started. brands to 13 cents a package, 2 packs i ity 2 sEeny 130, | =—— 923 15th St. N.W. for 25 cents and $1.19 a carton; pre- | Ame viously prices were 14 cents a package, Gl Il G "'(;;i ) TRUST COMPANIES. On McPherson Square Modern Office - 2 for 27 cents. N. & W. Steamboal : gnxm fo RS Building . Elec. 6%, ptd Textiles. Eor: Bise B "ot Large front reom over- looking Park. Suitable for pid Federal Knitting Mills Co. declared | Wash Ry: & B pia (5) three priv offices “ and smaller adjoining room: an extra dividend of $3 and regular | The followins figures are mot bids. quarterly dividend of 622 cents on | merely represent minimum prices fxed by : common stock. e Washineion stock Exchanse. | | Guaranty' (20) Pepperell Mig. Co. has established a NATIONAL BANK. o P | e itactinars | division to develop and sell rayons and | Capital (). ...... 3 Ey Gol ; 7 Under direct management of B. F. SAUL CO. 925 15th St. N.W. Natl. 2100 'NEW YORK BANK STOCKS NEW YORK, January 4 (#). - the-counter market: Btz Quotations as of 2 o'clock. *F o bt s po g o 3% Commercial Credit.. 11% Comel Credit A (3).. 49 40 Comel Cred 1st(6%). 180s P Construction of PEPEIE MY EFEFIFLEFELIE 2 e +HI++ [ ++++4++ FE +++ P FER 2 82% % Y & Harlem (5). Y Investors....... Y N H & Hartford, YN 426! b £ 724 Consol Gas Consol Laund 50¢ 6 Cnnsol O] Corp. 12 H & Hart pt Consol Ol pf (8). 3% Ont Consol Textile, . % % 1% N Y Shipbuilding Container Corp (B). 10% Noranda Min (a 1 Cont! Baking (A). 3 3 % 1% Norfolk & Southern, today, two 10-share lots moving at 12.| Contl Can (2)....... 3 57 Norfolk & West (8).. Capital Traction 5s recorded a $500 sale | Cont] Diamond Fibre 1 6% 1% North Am Aviation.. at 52%, the same as the last previous| o5 Contl Insur (1.20) y 4 4 13% Nor Amer(b10%stk) sale . = 2 Cont Motors. . % y 49 North Am Ed of (6). Washington Railway & Electric 4s Contl O11 (Del). : 5% Northern Paciflc. ... also appeared on the board, $500 mov- | Gorn Prodyiite (3). i oo ing at 891 . Corn Prod pf (7). Y 4 % Oliver Farm Bquip. American Security & Trust and Union | L M Ohetec MaD: Trust are the only local stocks now | 26 S L DT being quoted ex-dividend. Both these § Crucible Steel e e i e . banks pay dividends in a few days. Crucible Steel pf. 20% 3% Otis suefir‘fit ‘ Crdahy Pack (23) 3 % Christmas Clubs Close Tomorrow. Curtis Publishing. .. ::Vi 32 8“112! %fll :}‘l) Memberships in the 1933 Christmas 4 wens a i Curtis Publish pf(1). 3 4 Savings Clubs in the local banks will forf it el S 4 - ‘3% 1 be closed tomorrow. These clubs have 113 Curtiss-Wright (A). 0 ;zr,e :"igf:' A K (). r o ting (3). e fome ays e memberships pourcd | Wi 1 Davison Chemical % Packard Motor Car in and it looked like & much 164" S Dears A 000t (4000 Paramonnt Publix. .. of members and amounts i : S « Pathe Exchange. . ... s e . 8% el Lack & Westn. e s xpenses have slowed up the Christmas A2 DlamongReeee Peerless Motor Car.. expenses have slowed up the Chris 201 Diamond Mach pf 13 Penney (J C) (1.80) sayings campaign semewhat, 8 15 Dome Mines (11.40) - Penny (J C) pf (6).. alad by tho l"g:"&“’}“‘bf el oty 11% Domin Stores (11%) Peniok & Ford (1), s cise i | Ane b TioRpACeETsel Penna Ratlroad ISR, oW | 1% Dresser(SR)Mfg(B) Fooplomtias Ok | 23 Drug Corp (4) P 3 : 22 Dupont de Nem (2) pfi'.i';'fif.,’é’gf,,‘m . DECREASE IN BALTIMORE |7 5% Eastman Kodak (). 2 Phila & Read C&1. 125 104% Eastman Kod pf (6). 50s Phillips Petroleum... 3 2 PORT TRADE REPORTE[)i 9% Eaton Mfg Co. . Piercu OIl. . 328, 814 Elec Auto-L (1.20). Pitts United pf. | 21w 14 Electric Boat. Plymouth Of1 (1).... Bpecial Dispatch to The & Port Ric Am Tob(A). BALTIMORE, January 4—Both im-| 16 v . 4 1% Postal Tel&Cable pf ports and exports at the port of Baiti-| b5l 8% s o} b % Presced Steel Car more showed @ severe contraction in| 64 .33 42% 19% Proctor & Gamble doliar value in 1932 in comparison with | % Elk Horn Coal . U 60 28 Public Sve N J(3.20) the previous according to the pre- Engineers Pub S 3 7 | 102% 71% Public Sve NJ pf (6) liminary figures. Imports for 1932 to- | 18 Enz PSof ww (5%) 114 921 Public Sve NJ pf (7) taled $46,629,667, against $77,517,955 for| 19 10% Equi Office Bldg 1%. 130% 100 Public Sve NJ pf (8). 1931, a decrease of $30,888,288 or about| 11% 2 ErleRR 28 10% Pullman Corp (3) 31 per cent. Exports totaled $24,648,795,| 156 2% Erie R R 1st pf. q 6% 2% Pure Ol : against $34.318,736 in 1931, a decrease| 2's % Evans Auto Prod. 5 16% 4% Purity Hakeri of $9,669,941, or about 28 per cent. | _11% 9% BExchange Buf (25¢c). 160s 13% 2% Radlo Corp.. —e. — 22 8% FedLuTrac 31)... 3 23% 3% Radio Corp pf ! Fed Mines&Sm pf. .. T% 14 Radic-Keith-Orph. .. FARM PRICE INDEX. 24 Fed Water Service A 52% 9% Reading Rwy (1).... “By the Assoclated Press | 6 Fidelit: 15 Reading 1st pf (2)... The Department of Agriculture an-| 5415 35 First Nati Stores 2% 24 Real Silk Hosiery nounced that the farm price index on| 15% 3 Foster-Wheeler..... 7 Real Silk Hoslery pf. December 15 was 52 per cent of the pre- | 22% 10% Fourth Nat Inv 1.10. 1 Remington-Rand.... war figure and back to the low point| 5% Fox Film (A) 13% ‘1% Republic Steel. registered last June. | Freeport-Te 28% 6 Republic Steelpf.... " - 40% .26l Reynolds Tob B (3). T e e | n Am Tank Car(1) 23% 12% Roval Dutch " . Y. t. L. 4 Steel Stockholders. | b e L T w. e 'v. utch. .. N, W Telephone 413s NEW YORK, January 4 (#)—Holders 3% Gen Bronze. .. Ve'? A B0 Toaeh Lends o2y e of United States Steel Corporation com- | 1 1] 3% Gen Cable pf. 9 1 + 1| Sinclai ude Ofl 5% mon stock numbered 190,169 on Decem- 20 Gen Cigar (4) 2 30 5 Schul St. L 1MS. ber l’. ecompared with 190,284 on Octo- | chulte Ret Stor pf.. 610s 6% +1% ¥ % Tl4+++Hl++++++++ * & 1+ F acetate yarn cloths. PP 1 o A ¥ Theaters, Etc. 3 2 3 5 60)" ] 11500 16002 Fox Film Corporation—Federal Court, | Fisra i o B 0 Seattle, appointed receivers for Pacific | Lincoln (10). . . ¥ Northwest Theaters, Inc., controlled by | Metropolitan (10) INVESTMENT TRUSTS this company. 1 ls%el:::’ d' 1‘5:1 Utilities. Washington' (! NEW YORK, January 4 . —Over- Duquesne Light Co. preferred share LR Tr. © the-counter market. i earnings, 12 months ended November 30, (Quotations $44.08 vs. $52.59. Pl P Interstate Power Co. passed quarterly | Wash. Loan & Tr. {id). 00. | Bullock Pund dividends on $6 and $7 preferred stocks; SAVINGS BANK. Shuistive Tr last payments were $1.50 and $1.75 & | Bank of Bethesda (05) Corparets Tratt share, respectively, on October 1, 1932, 3 5 2 Louisville Gas & Electric Co, of . Dehwnl:: net mcomse.” 012 months ended November 30, $1,713,706 vs. $2,349,234. e Northern States Power Co. (Delaware) Wasn? Mecvantcs (200 net income before subsidiary preferred % Gividends, 12 months ended. November N 30, $7,368,512 vs. $8,998,157. . . Pacific Telephone & Telegraph Co. earnings are reported to be $1,219,455 short of common dividend needs in first TITLE INSURANCE. 11 months of 1932; net loss of tele- | Columbia (5h) phones in period was 139,731 Real Estate (6h) Philadelphia Co. net income subsidiary MISCELLANEOUS, preferred dividends, 12 months ended | Col. Medical Bldg. Corp. (6) November 30, $9,122,920 vs. $14,913,252, | Dist. Natl. Sec. pfd Southern Colorado Power Co, net | Emer. Bromo-Selz, income, 12 months ended November 30, $361,940 vs. $485,555. = B 3 & = 0000000000000000000000000000000000. SR Trusted Am Bk Association MAIN OFFICE, 610 13th N.W. (735 N. Capitol 3 1st & M, - th & K SE., 1427 H St. K.‘.-‘" \ jUflder Supervision of U. §:°2 Interest On Savings The high rate of returps paid by this Institution increases the desirabil- ity of opening your ac- *Ex dividend, count here this month. - All such accounts will Hioe crien: 4 receive carnings from llu extrs. %% extra. FOREIGN EXCHANGE. (Quotations furnished by W. B: Hibbs & Co. Nominal gold Selling checis val today. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Bia Allis-Chalmers Co. 5s 1937.. 76% Co 05 1033 G5 " 3vas 16 Al Wks. & El 53 Baltimore & Ohio 4'as 19 Belding Hemingway 08 1976 Bethlehem Steel Co. 55 1936, Canadian Nor. Ry. 4135 1 Chi. )lnnhw!klt.nfi. R. T4+ 441 1 44+++ LEL BREFEERE i You Can Make 1933 = iF: a Prosperous Year:’ ¢ y systematic h’h . Janvary’Ist. build « Cash Reseroe, for Soimi Anlzull some worthy purpose. Dividends L N N ] i Save the Building*" ‘\"‘ l? ~4 ¢ & Loan Way"r’ PERMANENT and receive DING ASSOCIATION 5% INTEREST - I+++ Pheie b 44 2 RER S 25 P 8% Gen Electric (40e)... 18 .o ._ On December 31, 1931, there | 10% Gen Elec spee (80¢).. bl gl 274507 holders. 40% 19% Gen Foods (2).eraa L § 4+t