Evening Star Newspaper, January 5, 1933, Page 15

FINANCIAL, THE EVENING STAR. WASHINGTON, D. C., THURSDAY, JANUARY 5, 1933. FINANCIAL., PRINE BOND LIT | S 2ok ked owes | OUTS ININTEREST |CURB STOCKS FIRM | "N Y. CURB_MARKET Received by Private Wire Direct fo The Star Office. BOND STOCK EXCHAN Fil‘st " IS SHARPLY HIGHER Received by Private Wire Direct to The Star Office. Many New High Prices Are Recorded in Many Issues. BY CHARLES F. SPEARE. Bpecial Dispateh to The Star. NF™ YORK, January 5.—Many new ices were made today in the list -edge corporation bonds. The de- —and for these has been increasing since the turn of the year. It har- monizes with the strength in United States Treasury issues as well as in other tax-exempt securities, ‘The sentiment that there will be & long period of easy money and one in which comparatively few new offerings of high-grade bonds will be made un- derlies the policy of accumulation that is taking place by banks and insurance companies as weil as by trustees. The strong features in the domestic corporation list today were bonds of Consolidated Gas of New York, which duplicated or improved on their previ- ous highs; American Telephone & Tele- graph 5s and 5l:s, which were also at their best prices; New York Edison 6%s, Duquesne Light 4128, Atchison General 4s, which rose a full point; Union_Pacific 4s. which were again around par, and Standard Oil of New Jersey 5s at 105. In the second-grade issues Columbia Gas & Electric 5s Tose 13, Great North- ern 7s were up 15, Northern Pacific 6s up a point and New York Central 6s up 2 points. Further down the quality line there were small advances in the Junior obligations of the St. Paul, Rock Island, Erie and Missour! Pacific,and in the ' Alleghany Corporation §s. Inter- national Telephone 4l2s rose a point and Postal Telegraph 5s gained 12 points. There was a further decline of 2 peints in Lehigh Valley Coal 5s, which have dropped 10 points since the principal of this loan was defaulted on January 1. Although German bonds held well, considering their extensive gains in the last six weeks, and the government 7s were up another point, interest was transferred into the low-priced group of defaulted South American bonds, in which dealers are making speculative commitments. The most active of these are the Chile government and mortgage bank issues. Again there was a demand for the Argentine 6 per cent loans, which were traded in a range above 50. Uruguay 6s rose 2 points. In the first half of the session the market for United States Government foans was irregular and somewhat lower. Treasury 3'4s, which sold above par on ‘Wednesday, dropped %;, while the 3s gained about 3. Fourth Liberty 4%s and Treasury 3%s were slightly lower. 1t is understood that in the past two days about $10,000,000 of real estate mortgages on the new interest rate basis of 5 per cent have been distributed among mutual savings banks in New York City. New York Cotton Bpectal Dispatch to The Star. NEW YORK, January 5—Cotton quotations at the opening here today exhibited mixed price tendencies. In Bremen the tone was strong and there was steadiness in Liverpool trading. Initial prices here were: January, 6.09, off 3; March, 622, up 1; May, 6.34, off 1; July, 6.47, unchanged; Oc- tober, 6.66, unchanged; December, 6.79, “unchanged. — Canadian Grain in- Storage. FORT WILLIAM, Ontario, January 5 () —Figures issued last night by the Board of Grain Commissioners showed more than 90,000,000 bushels of Cana- dian grain are in storage from the head of the lakes to the Canadian Atlantic seaboard. The figure represents well over a third of the Canadian grain in e throughout Canada and at United States terminals. The total is 238,- 000,000 bushels. —_— Washington Stock Exchange SALES. n Gas 6s A—$1,000 8t 100%, $1,000 at 100%, $1,000 at 100%,. Washington Gas 6s B—$1,000 at 103%, $1,000 at 103%, $500 at 102%. Capital Traction Co.—10 at 12. AFTER CALL. Capital Traction 5s—$1,000 at 52!, $1,000 at 52%. Potomac Electric 512 % pfd—2 at 107. Capital Traction Co.—10 at 11%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Tel. 4%s8 ’39.. 1 5 Amer. Tel. & Am. Tel Potomac Elec Washington Gas 41zs. 100% 161" Barber & Ross, In Chevy Chase i Golumbis Count C. Paper Mie 2 W. M. Cold Btorage 55.. ! STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9)... Cspital Traction Co. X Wash. Gas 1% B ‘& EL com. ¢ Wash. Ry, & EL pfd. (3 o1 The following figures are not bids, but merely represent minimum prices fixed by the Washingion Stock Exchange. NATIONAL BANK. Capital (8).., Columbla (12). .. . Commerelal (stamped) PraAmer, Nail. BE. & Tr. () Min. price. Lincoln ( Metropolitan Rizgs (15). Beena (o). Washington (8) TRUST COMPANY., QTH’BS‘(.&&T'PK Fn 12) 4 -..3 ay. r. (123) b o Georges BK. & Tr. /31.,’{‘7;‘;_1 Wark Toan & Tr. ()20 BAVINGS BANK, nk of Bethesda (6f) & Savings (10) o, Washington (8).. Tnited States (30) ‘Wash, Mechanics ( FIRE INSURANCE. American (12) Col. Medical Bldg st N d curity Storage Ref. & Wh. Corp. (3) e Carpel Corp. (%) A Mech. Mige. Com Wdwd, & ‘Wdwd & Lothrop pfd. (7). ., SEx dividend. n,z;a{:t_n. ks closed. ‘exira. 5 M. Lib3%s32-47... Lib 1st 4348 32-47 Lib 4th 43 s 33-38 10° 110 14 Abitibi P&P 58’63, 1 Ab & St5s'43, 1 Alleghany 55 *44 Alleghany 5549 Allegnany 5s s 25 Allis-Chalm §s5'37. 11 Am Chain db 65 '33. Am F P 552030.... Am1GCh5%s'49. Am Sm&Ref 55 '47, Am Sug Ref 68°37. Am T&T 4%839. . Am T&T c tr 65 °46. Am T&T deb 55 '60. Am T&T deb bs '65. Am T&T 5%8'43... Am Wat Wks 65'34. Am Wat Wks 6s'75 Antioquia 75 '45. .. Argentine 5%s°62. Argent 6s ‘61 May. Argentine 6s'59 Ju Argentine 6s'59 Oc Atrgentine 6s A '57. Argentine 6s B '58. Arm & Co 434530, Arm Del 5%s'43.... Atchis 4s 190 .. Atchison gn 45°95. Atchison 412848, AtICL1st AtICLcl 4 At Gulf&W AtlRef db 55"37... Australia 418 '56.. Australia 58°55.... 2. Australia 5s°57.... Austrian 7s’43.... Austrian 7s ‘57 B&O 1st 45°48 B&O4%s'33. B&O 4%s'60. B & O 1st 55’48 R & O ref 5595 B&Orf 55 D 2000. 30 B&OTf6sC95... 25 Ban & Aroos 48’51, 1 Batav Pet 434542, Belgium 6s'55. Belgium 6%s '49 Belgium 7s '56. Belgium 7s'56. . Bell Tel Pa 53 B'48. Bell Tel Pa 53 C'60. Berlin Cy El 65 '55. Berlin 638 °50. Berlin CEl 6%8'51. Berlin C El 6%8'59, 27 3 4 L1 7 Sales. High. 3 UNITED STATES. (Bakes wre in 61008 Low. Close. 102 18 102 20 10219 10223 10319 10320 9812 9815 9924 9924 102 15 102 15 10214 102 14 1028 1028 104 30 105 106 28 107 1105 1107 Low. Close. 13% l Ger Gen El7s Ger Gov 5%s | German Rep 78 "4 GoodHopeS&I 7 Goodrich 63 '45. . Goodyr Rub 5#'57. . Grand Trunk 65’36 Grand Trunk 7s 40 Gt Brit&Ir 5% 8’37 Grt Nor 418 D Grt Nor gn 783 Greek 65 '68. . Hudson Coal 58 Hud & M adj 5s Hud & M rf 53 '57.. Humble O1l 58 '37.. 111 Bell Tell 55 °56 111 Cent rf 4s'55 111 Cent 43 '66.... 111 Cent 6145 ‘36 11 CCStL&N 4%s. 111 Steel db 414840 Int Rap Trrf 58 '66 Int Rap Tr 6s'32.. Int Rap Tr 7s'32.. Int Cement 55 °48. . Int & Gt N 55 B'66. Int & Gt Nor 6s 52, Int Hydro El 65'44. Int Pap ref 55 A"47. Int Pap 68 °55...... Int Mer Mar 63 *41. Int Ry C A 6158'47. Int Tel&T 4%s'39. IntT&T 4%s'52 Int T & T 5s°'55. Italy 7s'51. Italy Pub 7s Japanese 5% s '65 Japanese 61s '54. . Kan C F S&M 45’36 Kan C P&L 43’61 Kan City Sou 35'50. Kan City Sou 6s'50. Kan City Ter 45'60. Kan G&E 1%s'80.. Karstadt 65 '43. Kresge Found 65'38 Kreug & Toll5s'59. Laclede Gas Gs "34. Laclede 5348 C 53, Laclede 5%s D '60. Lake Shore 315897, Lautaro Nit 6s ‘54.. Leh Vai cn 48 2003, Leh Ven 418 2003, Long Is] rf 4s'49. Lorillard 7s '44. La & Ark5s '69. Loew's 6s "41. Lou G & Fl 55 A’52. L&Nunids'40.... L& N 4%sC 2003 L & N 5s B 2003. . L&NTrf5%s2003. Lyons 6s'34....... McKes & R 5%s'50. Manhat Ry cn 48’90 Market St 78 A "40. Marseille 65'34. ... Midvale St1 5s 36 84 102% 1064 | Cen Ry NJ gn 55’87 | Copenhag 5s '52. | Del Pw&Ltaty Beth Stl pm 58 '36.. Beth Stl rf 5842 Bolivia 75’69 Bolivia 85 '47 Bos & Me 4% Bos & Me 5s '55 Bos & Ms 55 '67 Brail 638 '26-'57 Brazil 6348 '27-'57. Braz{l CR 78'62... Brazil 8s°41. . Bremen 78 '35..... Bklyn Ed5s A '49.. Bkiyn Man 65 A '68 Bklyn UnGas5s’45. 5857, i BR & Pitts 4 %857 Bush Ter con 5s'55. Bush T Bldg 55'60. Calif Packing 55°40 Canada 43 ‘60 Canada 4%s'36 Canada 5s '52 Can Nat Ry 4 Milan 63%s 52 Mil E RY&L b Mi] E Ry&L 58'71. MSP&SSM cn 4s ‘38 MSP&SSM 51578 MK & T 1st 45’90, MK&T4 8. MK&TDbsA'62. Mo Pac gn 4s'75. .. Mo Pac rf 55 A '65. Mo Pac 5s F '77 Mo Pac 55 G '78. Mo Pac §s H'80 Mo Pac6s1'81.... Mo Pac 55 A 49.. Mont Pwr 55 A '62. Mont Pow 5s '43 Mont T 1st rf 68’41 Mor&Co 1st 41%4s'39 Nassau Flec 4s °51. Nat Dairy 564 s'48. o Power 46s " T & M5sB'54. T & M 5%s '54. NYC3%s'97..... 1 N Y Centdb4s'34. o - Soalaone voanaalBeReenaSamBuaas t 4 Y . Can Nat Ry 4%s'55 Can Nat 5s '69 July Can Nat §s '69 Oct.. Can Nor 4% '35,., Can Nor-deb 7s '4b. Can Pacdb 4s Can Pac 43%s Can Pac 5s "44 ctf; Car Clin & O 65 '52. Cent 111 E&G 55 °51 Cent Pac 1st 4 "49. Cent Pac 55 °60. N Y Cent db 6s . NYC&StL 1st 48'37 NYC&StL 4%s NYC&StL5 4 sA’ N Y Edison 55 B4 N Y Edison §s C'51, NYEArt6%s'41.. N Y EL H&P 4543 NY EL H&P 55 "48. NY NH&H 4%5s'67 VH&H clt 6540 2 VH&H 65 '48. .5 1 NY O&W rf N Y Steam 5 NY Telgn4%is NY W&B 4%s '46. Nia Sh Md 5%8°60. Nord 6% '50. or & Wn en 4s North Am Co bs 61 Nor Am Ed 55 A'57. Nor Am Ed 5s C'69. Nor Am E 5%s'63. Ger Lloyd 6s°47 or Pac gn 3s 204 Nor Pac 4597. ... Nor Pac 4%5 2047 Nor Pac5s D 2047., Nor Pac r 1 65 2047, NYRys65A'65.... 2 Nor St Pw s A "41. Norway 6s '63 1 Norway 5%s 65 Norway 6s '43 Norway 6s°44 Norway 6s °52 Ohlo Pub 1%8 "4 Oreg-Wash 4861 Orient Dev 6s '53. Owens 111 Gl 5s " Pac G&E5s’42..... Pac T&T 1st 65'37. Pac T&T rf 58'52.. Paramount 6s "47.. Param-Pub %850 Pathe Exch 7s'37.. Penn 4%s D '81. Penn en 4%s '60 Penn gn 4%s'65 Penn 43%s D '70. Penn 4%8°63. Penn §s '64 Penn gen 55°68..... Penn 6%s ‘36, 3 Penn O&D 4%s'77. Penn P&L 4%s'81. Pere Marq 4%s '80. e PR T S T Cert-td db 534848, Ches Corp 55 '47... C&Ogendl%s'92., 4 3. CB&Qgn 4s'58 CB&Q1113%s'49 CB&Q 111 45 *49 Chi Grt West 48'59 Chi Ind&L gn 65'66 C M StP&P 5815 35 1 Chi&NW 43:sC'37. 9 Chi & NW 4% s'49.178 Chi&NW rf 5s 2037 5 Chi & NW 6%s'36. 6 Chi RI&P rf 4s'34. ChiRI& P 4%8'52 ChiRI4%s"60.... CTH&SE 1st 55'60. Chi Un Sta 4%s°63 Chi Un St 58’44 Chi Un Sta 55 B'63. C& W Ind cn 45’52, C&WInds% Childs deb bs Chile 6560 Chile 6s°61. ... Chile 6561 Jan Chile 6361 Sept. Chile 6563 Chile Cop d . Chile Mtg Bk 6861 Chl Mtg Bk 6%8 67 Chl Mtg Bk 6% 861 Cin Un Trm 5s 2020 CCC&St L 4% sE77 Clev Term 4%s '77. Clev Term 5s B '73. Clev Ter 5138A'72.. Cologne 6348 '50. .. Colomb 6s ‘61 Jan.. Colon Ol 6538 Colo & Sou 41, Colo & Sou 4145’80 Col G&E 5S '62 May Col Gas & E 55 "61.y 38 Com Inves § Con G NY 4% Con Gas N Y 5; ConGNY 5% Con Pwr Jap 6 Con Pow Japan 7; Copenhag 4345 '63. 2 101% 101% 12 103% 102% 7% Peru 63’61 Peru 7859 Phila & Read 634 Philippine R 4s ‘37, Phillip Pet 5%8°39 Pilisb F M 65 °43. .. PCC&StL 55 A '70 Poland 65 '40. Poland 7s'47 Poland 85 '50. Port Gn El 4% Por RAm T 65°42.. Pos Tel & C 58°53.. Press Bt] Car 5533 Prussia 6s'62 Prussia 6%s'51 Public Serv 4871 PubSv G 4%8'67 Pub Sv G 4%s5°70 Pure O11 5%8'37 Pure 041 5%5"40. Read 4%5s A'97 Read Jer Cn 48 '51 Rem Arms 68 A '37. | Rem R 5% SA’4Tww Rhinelbe U s *4 Rhine Ruhr 6s Rhine West 6: Rhine West 6; Rhine West Rhine West 7 Rich O1l Cal 6s°44. Rio de Jan 6%8'53. RioDeJan ext 8. Cuba RRrf7%8'36 Cuba Nor 5%8'42.. Czecho 88'51.. Del&Hud ry Del & Hud 5%5'37. Denmark 4%5°62. . Denmark 5%s'56.. 31 Denmark 6s 42 9 D&RGrends D&RG W 58’55, . D&RG WEs'78.. Det Ed 4%sD'6 Det Edison rf 5549 Dodge Bros €s°40.. 15 Duquesne 4% A '67 Duquesne 4% B 57 DE165%s'63 Mar.. Dutch East I 68'47. Dutch East 1 6s'62. East C Sug 7%s'37. Erie Con 4896 Erie 4s B'53 Erie gen 4s'96. . Erieref 56 Erle ref 557! Finland %3 58 Rio Gr W clt 4849, Finland 7s '50. RIATALA%aED4. Fisk Rub 8s'41. . 1 %\ Fram Ind 7%s 42.. "9 French Gov 7s'49.. 12 French Gv 1%s’41. 24 Gelsenk’hen 68°'34.. 4 Gen Cable 5%s°47. 16 Gen Baking 5%s'40 15 Gen Motors 6s°37.. 17 Gon St Cas 5%5s'49. Ger Cent Bk 68°38. 03 4 8 u&i’-’&u‘ o4 Rumania 78 '69. StL IM R&G 4s33.. 28 RATES ARE URGED New York Realty Firms and| Banks in Move to Re- duce Charges. Special Dispatch to The Sta: NEW YORK, January 5.—It has been evident for some time that one of the | ‘flr:', readjustments necesasry to bring about improvement in 1933 would be in | the matter of lower interest rates and | in correcting the present lag in real estate mortgages between the original | amount of issue and existing appraised | | values, A step in this direction is about to be taken in connection with real estate mortgages in the city of New York.| Here it 1s proposed to reduce the in- | terest rate on new mortgages, set up on | the basis of current appraisals, from the | present rate of 5!2 per cent to 5 per cent. The movement may go further and include = cut of similar proportions where old mcrtgages are presented for Tenewal. Strong Group Backs Program. Behind this prcgram is a group rep- resenting the guaranteed mortgage | companies in the Greater New York district that are supported by New York banks and trust companies as well as by the mutual savings banks. The active members of it are the chief ex- ecutives of two guaranteed mortgage companies who recently were eclected to their positions in order not only to improve the status of their company’s credit but to bring about a more co- operative spirit among holders of large blocks of guaranteed mortgage bonds. It s understood that institutions which a few months ago were_taking the attitude that, as mortgages became due they must be paid off—a program which, if carried out entirely, would have led to complete demoralization in | the market for guaranteed mortgage bonds and probably to the wrecking of several issurers of such obligations— | have agreed to go along with the policy | of extending these mortgages. They have also agreed to make substantial investments in new mortgages where the amount of the loan is not over 60 | per cent of the present appraised. values. | There is among them a general agree- ment that the former rate of 5, per cent is working a hardship on mort- | gagers and that there should be a reconciliation of interest on real estate | paper to the general decline in the cost | of money. | There has been some suggestion also | that it might be necessary to scale | down, by voluntary agreement of hold- ers, the rate of interest now being paid on unmatured guaranteed real estate bonds. This proposal has already been made by companies outside of New York and is likely to be a matter of active negotiation between creditors and debtors in the next few months. Vanderlip's Statement. A statement issued a few days ago by Frank A. Vanderlip, chairman of the Home Mortgage Advisory Board, which is co-operating with the Reconstruction Finance Corporation to relieve the em- assments of home owners- in their mortgage situation, has attracted much attention. In one part of it that has | appeared to some to be extremely radi- | cal, and to others a common-sense view of the present situation, Mr. Vanderlip stated that his committee, composed of men financially prominent, have actual- ly been discussing the advisability of a temporary postponement of mortgage ! interest above a rate of 3 per cent, This would mean an average cut of about | 50 per cent in the carrying charge of mortgages in this section of the coun- try. r!:,lt 1s realized that constitutional ques- tions would be involved in the legal en- forcement of such a reduction. These are times, however, when circumstances compel new ideas and new measures | to_meet new emergencies. It has also been suggested that, in addition to a reduction in the interest rate on mortgages, the face amount of the mortgage should be scaled down to the present value and income return on properties covered by the loan. The difference between the old and the new values, under this arrangement, might be set up in the form of a junior par- ticipating mortgage. This, it is hoped, could be reduced eventually from the surplus earnings of the property, leav- ing the first lien at an amount in ac- cord with valuations in normal times and with normal incomes. (Copyright, 1933) e Bales. High, Serbs-Cr-S18s'62.. 4 18 Shell U Oi1 58'47.. 10 Shell U O 53 '49ww. 41 Shinyetsu 6%s '52.. Stlesia Prov 7s 58 Sinc Of1 6%s B3 Sinc O1l 73 A "37... Sinc PL5s’42..... Skelly Ofl 6148 Smith(AO)6 Solvay Am 58’42 Sou Bell T&T 8 ‘41 Sou Pac col 43'49.. Sou Pac rf 48’55 Sou Pac 4%s '8! Sou P 4%8'69 ww.. Sou Pac 4%s°81. .. Sou P&OT 4348A"TT Sou Ry gn 45 A6 Sou Ry 58’94 Sou Ry gn 6s Sou Ry 638 ‘66 SW BelI T 6s A StOIINJ 6s 46 StONNY 4% 5 Studebaker . | Sweden 538 '54. Swiss 5%s'46. Tenn E1 P 63 A 47 Tex Corp cv 58 "44. Tex & Pac 58 B'7T.. Tex & P 6sC* Third Avrf 4s°60. . Third Av adj 68°60. Tob P NJ 6%s 2022 Toho El Pw 78'65.. Tokio 55 '61. Tokio El Lt 6 Un EIPSL ref 5533 Union El L&P 58’57 UE&P 15t 5% sA'54 Un Pac 1st 48’47 Un Pac 43’68 Un Pac rf 48 2008.. Un Pac 4%s°'67 Unit Drug 6 ‘63 U S Rubber 58°47.. UnSt W 6%s A'47., 73 UnSt W 6%s A'51, 49 VASt W 6%sC’ 4 Upper Austria7s'4s 10 Uruguay 6s'60.... 11 Uruguay 6s°64.....° 5 Utah P& L 53"44.. 21 Util Pw 58’59 ww.. 66 Util Pow 5%8°47.. 22 Vanadium St 6s’41. 3 Vienna 6s°52.. . VaRy 1stGs 762, & VaRy & Pwbs'34., 9 ‘Wabash 1st 55 '39. ‘Wabash 2d 53'39 Wabash 5%5°75. .. Walworth 68 A "45.. ‘Warn Br Pic 63’39, 15 ‘Warren Bros 6s'41.230 Warsaw 78'58.... ~ 8 West Sh 1st 482361 1 il % Westphalia 6s°53.. 44 51 s WEO5%s'37T ww. 1 103% 103% N QUET NARKET Utilities and OQils Record Slight Advances—Motor Shares Gain. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, January 5—The initial strength of the curb exchange session today was carried through the first few hours, but the advance did not quicken the pace of dealings. Public utilities paid no attention to the electrical production output for last week, these figures not admitting of comparison with 1931 on account of the | Christmas holiday. Nevertheless Electric Bond & Share ccmmon and preferred firmed. At one time Cities Service was a shade higher. Standard Oil of Indiana and Standard Oil of Kentucky did better. Commonwealth Edison responded to the ceclaration of its regular common quarterly dividend. Tung Sol Lamp Works preferred had forecast omission of its payment. Quick oversubscription of the new Consolidated of Balti- more bonds strengthened the junior shares. Reduction of bank loans was said to be a factor in the rise of Colum- bia Gas & Electric convertible preferred. John B. Stetson Co., which softened in recent sessions, today reported net loss of $638,840 for the year ended October 31, 1932, against net loss of $1,041,846 in the preceding year. Strength and activity of motor and accessory shares was a feature of the forenoon session. Cord Corporation, Ford Motor of Canada A, Ford Motor, Ltd,, and A. O. Smith Corporation were the principal beneficiaries from this move- ment. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., January 5.—White potatoes, per 100 pounds, 85a1.10; barrel, 1.25a1.50; sweet potatoes, bushel, 25a75; barrel, 5021.00; beans, bushel, 2.25a3.00; beets, per 100, 1.50a2.00; Brussels sprouts, quart, 10al5; cabbage, basket, 25a30; carrots, per 100, 1.50a2.00; cauliflower, crate, 1.75a1.90; celery, crate, 1.00a2.00; cucumbers, hamper, 2.00a3.50; eggplants, crate, 2.00a2.75; lettuce, crate, 1.00a2.50; onions, per 100 pounds,«75a90; peas, hy ; spinach, bushel, 40a 1 peppers, hel, 125a2.25; cran- berries, box, 2.00a2.65; tangerines, one- half strap, 1.00al.75; squash, bushel, 1.00a1.50; tomatoes, crate, 1.25a3.00; turnij hamper, 20a25; apples, bushel, 25a1.75; strawberries, pint, 1715, grape- fruit, box, 1.50a2.50; oranges, boX, 2.00a3.25. Dairy Markets. Live poultry—Turkeys, hens, pound, 18; gobblers, 14; old hens, 15a16; old toms, 12a13; young chickens, 11a15; all kinds, poor and thin, 8a9; old hens, 10a15; Leghorns, 10all; old roosters, 7a9; ducks, 9al12; geese, 10a13: guinea Jowls, each, 15a30; pigeons, pair, 10a15. Eggs—Receipts, 1,873 cases; hennery whites, dozen, 32a34; nearby, firsts, 30a32; Western firsts, 30a32; Southern firsts, 28a30; current receipts, 28a30. Butter—Good to fancy, creamery, pound, 20a25; ladles, 16al7; store packed, 12a13; process butter, 18al9. Live Stock Market. Cattle—-Receipts, 900; dull at about 25 lower. Steers—Good to Choice, 4.758 5.00; medium to good, 4.50a4.75; fair to medium, 4.0024.50; plain to fair, 3.50 24.00; common to plain, 3.00a3.50. Bulls —Medium to good, 2.75a3.00; fair to medium, 2.50a2.75; plain to fair, 2.25a 2.50; common to plain, 2.00a2.25. Cows —medium to good, 2.75a3.00; fair to meduim, 2.25a2.75; plain to fair, 1.75a 2.00; common to plain, 1.25a1.75. Heifers —Good to choice, 4.50a4.75; medium to good, 4.00a4.50; fair to medium, 3.50a4.00; plain to fair, 3.00a3.50; com- mon to plain, 2.50a3.00. Fresh cows and springers, 30.00260.00. Sheep and lambs—Receipts, 300: steady, sheep, 50a2.50. Lambs—Good and choice, 6.25a6.75; common to me- dium, 3.00a5.75. Hogs—Receipts, 1,000; steady; light, 3.6023.85; medium, '3.50a3.75; heavies, 3.20a3.60; roughs, 2.15a2.80; light pigs, 3.20a3.55; pigs, 3.25a3.65. Western hogs 10-20 higher than quotations. Calves—Receipts, 75; steady; good to choice, 5.50a6.00; common to medium, 3.50a5.00. Hay and Gpain. Wheat—No. 2 red Winter, garlicky, 56%; January delivery, 563, Febru- ary, 58%. Corn—No. 2 yellow, spot, domestic, 41; cob corn (new), 1.75 per barrel. Oats—No. 2 white, domestic, as to weight, 261:a20%; No. 3, 252a26. Rye—Nearby, bag lots, 40a45. Hay—Receipts, none. General hay market is quiet, but no surplus of good timothy. Prices range from 12.00 to 15.00 per ton, as to grade and kind. The Toorer grades of hay are hard to sell at any price. Market irregular on every- thing below 3 timothy. Straw—No. 1 wheat, per ton, 8.50a 9.00; No. 1 oat, per ton, 8.50a9.00. Grain Market By the Associated Press. CHICAGO, January 5—Responsive to New York Stock Market upturns and to continued wheat strength at Liver- pool, grain values here made a new early advance today. Drought conditions in Winter wheat territory Southwest remained critical, and immediate de- livery wheat tightly held. Opening -5 higher, Chicago futures kept the initial range. started Ya-% up and subsequently altered little. Setbacks in Winnipeg wheat quota- tions led later to reactions here that at times wiped out early gains. There were also Liverpool reports saying a reaction was expected from the recent rapid advance. Estimates of enlarged shipments of wheat this week from Ar- gentina and the Black Sea region in- cluding Southern Russia tended further to cause unsettlement® Absence of quick rallying power in Chicago wheat prices today contrasted with yesterday’s buoyant action of the market. Not.ce was taken that Canad- ian visible stocks of wheat except in ‘wheat m farmers’ hands were larger than both | Cos last week and a year ago, amounting to 238,028,000 bushels, against 194,426,- 000 at this time last year. Downturns of securities after 4n early rise were a further disconcerting influence as to wheat. Corn and oats took their cue from wheat action. Provisions advanced as a result of dmnau nd from previous speculative sellers. NEW TREASURY ISSUE. By the Assoclated Press. Secretary Mills has invited tenders | Jantzer for $75,000,000 ninety-one-day Treasury bills. ‘The bills, which will be sold to the highest bidders on January 9, will be dated January 11 and will mature 12, when they will be ury bills maturing on January 11, Collateral Loans Increase. ‘NEW_ YORK, January 5 (#).—Col- lateral borrowings of New York Stock Exchange members on December 31 amounted to $346,804,658, against $337,- Wh Sew Mch 65’40 3 331 331 WI-0 1st 6%s'33.. 2 67% 66% Wil&Colst6a'sl. & 90 B89% Yokohama €5°61... 7T 474 o iad 1l 612,558 on November 30, the exchange reported. Collateral reached their low level since records have been compiled, last July. st $241599.943. The record Te- | Nat Stock and Dividend Rate Acme Wire vt AeroSupplyB..... 2 % % Ala Great Southern 8 Alabama Pw pf (7) 108 63 Allied Mills. ...... 5 4 Aluminum of Amer1500s 52% Am Brit & Cont. ... L Am Cities P& LB, Am Cyanamid B... Am Equities. Am EI Sc pt pf 40c. Am & For Pw war. . Am Founders. ..... Am Gas & El ($1).. Am Lt & Trac (2).. Am Superpower. Am Super 1st pf 6. Am Thread pf 25c. . Anchor Post Fence. Anglo Chilean Nitr Appal El Pwr pf(7) 108 Arcturus Radio T.. 1 ArkansasNtGsA. 9 Armstrong Cork. ..1508 Asso Gas & Elec... 1 Asso Gas&Elec (A) 12 Asso Tel Utilities.. 2 Atlantic Coast Fish § Atlas Utllities. ..., 42 Atlas Util war..... 8 Atlas UtIpf A (3). 1 Auto Voting Mach. 1 Bell Tell of Can (7) 26s Benef Ind Loan 1% Blue Ridge Brazilian TL & P. . Buft N&E 1st pt(5) Buft N&E pt (1.60). Butler Bros....... Cable & Wire Brets 10 Canadian Marconi. 1 Caro Pwr&Lt pf(6)1008 Carrier Corp. 3 Cent HudG&E Cent States Elec. Citles Service. Cities Service pf Claude Neon Inc Clev Elec Illu 1.60.. 1 Col G & Ecv pf(5).1508 Comwith Edis (5).. 1T Comwlth & Sou wr. 6 Comstock Tunnel.. 3 4 1 Sale— Add 00 High. Low. Close. 8 5% 6 5% 3% 15 93 Cons Gas Balt 3.60. Cont Securities Crp Cord Corp. .o 88 Cosden Oilcod. 5 Cosden Ol pf. . 1 Creole Petroleum.. 6 Crocker Wheeler.., 4 Cusi Mexicana Min 6§ Deere & Co.... . De Forest Radio 1 Dubilier Cond & R. 2 Duke Pow (5) L] East States Power. 1 st Util Assoev,, 1 Easy Wash Mch B, 1 E1Bd & Share b6% . 282 El Bd & Sharepf6. 9 ElBd & Sharepf5. 1 Elec P & L op war, Elec Share pf ww.. 1 Empire G&F §%.. 508 Federated Corp.... 8 Fisk Rubber (new) 2 Florida P & L pt(7)100s Ford Motor Can A. 3 Ford Motor France 2 Ford Motor Ltd.... § General Alloys General Aviation. ., Gen El Ltd 20 2-5¢. Georgia Pw pf (6). Globe Underw k35c 1 Goldman Sachs.... 7 Graymur Corp (1). 4 Great A&P n-v(17) Gt A & P Tea pf (7) Gulf Oil of Pa..... Hecla Mining. Hollinger Gld t75¢c. Horn & Hardart(2) Hudson Bay Min. .. Humble Oil (2). Hygrade Food. IP&LDL(6).... Imp Oil of Can 5oc. Ins CoN Am (2) Insurance Sec. Intercont Pete. Int Petrol (1) Int Util B. Interstate E Interstate Eq cv pf Interst Hos (ké5c). Irving Air Ch (40c¢) Italian Superpw A.. Kerr Lake. ....... Lake Shore (13)... Lerner Stores. .... Lerner Strs pf ww. Lone Star G bé4c. . Long Isl Lt pt (7).. Mavis Bottling A.. Memphis Nat Ga: Met Edison pf (6).. Mid Sta Pet vtc A.. Midl West Utilities Mountain Prod 80c. Nat Aviation Nat Bellas Hess. ., Nat Bnd & Sh (1)., Nat Fuel Gas (1).4 Nat Investors. .... Nat Invest war.... 10 Nat Pw&Lt pt (6). 3008 Nat Rubber Mch Nat Sve pf (h3). 1 w Eng Pw pf (6) 40s 1 23 2 258 » & 2 e e a g 3 - ST o1 - NS OOTOPUOPYE [RTOTIN 1 SIS - TSI AR HANE N ag Hud Pwr 1.20. ag Hud (A) war. ag Hud Pw C wr. Northern P L(50c). North Sta P A (6) Northwest Eng. Novadel Agne (5). Ohio Copper. Overseas Sec Pac GRE 1st pf 13, DIVIDENDS DECLARED NEW YORK, January § (#)— Pay- Rate. Fisa. 100, Treesrd Extra. Boston Safe Dp & Tr.$4 .. Jan. 16 Nat Whaling Bank (New London)...50e ., Jan. 3 Reduce N Bk . 0c Q ] Company. Alliance Pirst (Alliance, N Bk . Pa)..$2 Bac N Bk (Seattle).$i @ Sprgfd Safe Dp & T.76c Omitted. Jeff Bk & Tr (St L)..$1 Q@ Mabbt & S 1st v(.;x.#b g Do. 2d pf.. 176 Atlas Powder pf. Bandini _Petrole Bepeficial Ind La. Do. pf A... Gomwith Edison n Water P & P. rn Exch B & Tr. nuphg Bilk .. ¥ ~ 3 ey s 555 =t ¥ 1 5! P » e i o g2 1333 4 RS S et 4 BE B o 5333533 31313 posoRa yEEEEE i SRR LR, e 3 3! . BRLts! % 2 g5 os o B35 BE ' 1000w EG e FEERENYRY b0E BEEE SRRLRRSRRSEER £ EXYERY EENNRRRRRRNY B T R R ] 3 19 plicss moses FREESE ©f R AR i ey S s5 3 Sistnat SRSR .. o 000D LOLO DOOOODOW DOMROD O PDRWO LOWOOLOOLOOOOONOOPOORD g EiEE B #EE 383 x Stock and Bale— Dividend Rate. Add 00. Parke Davis 11.30. Parker Rust (2) Penroad Corp. Phoenix Secur, Phoenix Secur pf, . Ploneer Gold 24c. , Pitts Plate Gis (1), Prudential Inv. ... Rub Util Hid x w Rainbow Lum A. .. Richfield Oil Cal pf Root Refining ev pt Safety Car H & Lt. St Anthony Gold St Regis Paper, St Regis s Salt Creek Prod (1) Selected Industries Sel Ind all cfs(5%) Shawin W&P (50¢) Shenandoah Corp. . Singer Mfg Co (8). SouCalEdpfA1¥ SouCal Ed pt B 1% Sou Cal Ed pf C1% Southland Roy 20c. Stand Oil Ind (1).. Stand Oil Ky 1.20., Stutz Motor Car. . Swift & Co.. Switt Internatl(2). Sylvania Gold t5. Technicolor. see Tech Hughes (80c) Trans Air Tra Utd Corp war...... United Founders. United Gas. .. Utd Gaspf (3%).. Unit Lt&Pwr (A).. Unit Lt & Pwr pf. USLinespf...... United Stores vte. ., Unit Verde Ext 40c. Utl P & Lt. Utllity Equi; Walgreen Co (1), Walker (Hiram). Wayne Pump pf. ‘Wool Ltd k25 1-5¢. 14 13% " 1% 10 12% 12% Dividend rates In dollars based on last | quarterly or semi-anousl payment. Ex Cividend. tPartly extra. iPlus 4% in stock. a Paysble In cash or stock. b Payabi stock. e Adjustment dividend. &Hm tock. rl’l“‘ 6% in w Plus tock. Plfll ’r* ‘?fl'lflci k Pl tock. D Paid 1ast year—no % Market Averages By the Associated Press. STOCKS. 223 Mortgage Money Funds Availeble for CONSTRUCTION LOANS or LOANS ON IMPROVED PROPERTY Reasonable retes. Prompt sction. B. F. SAUL CO. 925 15th St Natl. 2100 A Dependable Fiduciary Individual Executors and Trustees are subject to the same ills and inca: pacities as other morta 1A Corporate Fiduciary, such as this bank, on the other hand enjoys per- petual existence, and will be here to faithfully exe- cute the provisions of your will, no matter how distant the time its serve R e ety EReBathle. i s, u 3 0 8 4 8 4 5 3 2 4 3 ] 3 Yesterday . Previous da; Week ago . Month g0 eilyeioh e 2 A 33292 ISTT3P (Copyright, 1932, 8t 7 Consult our Trust Officers c'::numing this Important atf QnwiooanrembnsS Ra2REIS33E National etropolitan BANK Fifteenth Street Opposite U. S. Treasury S2001503222! BR2EA2R3033282 , ESephataaas e - Members New York Stock Exchange Members Washington Stock Exchange Associate Members New York Curb Exchange BONDS STOCKS MARGIN ACCOUNTS PORTFOLIO ANALYSIS 719 Fifteenth Street MEtropolitan 3116 WASHINGTON MORTGAGE NOTES 6% Permit Us to of Secured o;: residences and in- come-producing properties in the District of Columbia and adjacent Maryland suburbes. Safe—prnfitahlc—Convcm'znt « v » and fixed return from money profitably invested. ler Qur Facili v ities for the Placing our Investment F: H. L. RUST COMPANY 1001 Fifteenth Street PROPERTY National 8100 MANAGEMENT Apartment House MANAGEMENT B. F. 925 15th St. N.W. OUGH our manage. ment of apartment house properties, we are able to get the very best net return on the investment. In addition, all the annoying details of manage- ment are assumed by our Prop- erty Management Department, We are sure we can make this service profitable to you as we SAUL CO: Nat’l 2100