Evening Star Newspaper, January 6, 1933, Page 14

CA—14 exx FINANCIAL, THE EVENING STAR, WASHINGTON, D. C. FRIDAY, JANUARY 6, 1933. GANINCLEANNGS || TR ANSACTIONS ON THE NEW YORK STOCK EXCHANGE FUR WE[K |S NUTED sates 5P otk 1t IN UUIH IRA“'NG ales of each stock in of ‘ A Ne 1 Stock and iy Net. | —1032— Stock and les— Net. | —1039— Stock and Bales— Net. fien Clow Divechdmate. 42400, Hish. Low. Close, Chee. | High Dividend Rate, Add 00. High. Low. Close. Chge. . Low. DividendRate. Add 00. High. Low.Close. Chge. | High. Low. Dividend Rate. Add 00. High. Low.Close. Ohge. —_— . 9 txh, g e v ... b 4% 44 4% + %| Th 2% Transamerica Corp.. 61 5 5% 5% 1% Adams Expre .. 19 5% 5 5% + %! 22% 10% FourthNatInv1i10.. 10 19 18% 19 2 Phila& Read C&1 .. - 10 9Y 10 + W 5 Fox Film (A).. 8 2% 2% 2% 2 Phillips Petroleum 14 5% 8% 2% Tm‘lu.& Willlams. 3 3% i o ::fir&:.':.fl;?‘ it = Freeport-Texas (2).. 19 2% 28 % Plerce Ofl. . 5% 1% Tri-Contl Corp. . [Market Shows Good Under- - ¢ tone, but Advances Are Not General. FINANCIAL. O les are mot iven in this edition. NOTE_Today's individual sales are not given in this edition. _this Today's Individual sales are not given in this edition. NOTE—Today's individual sales are not given in this edition. Trom yesterdas's paver. Sales ‘of each stock in o Sre from yésieraar's piver, Sales of each siock In this e OTE— Sales of Cheh wiotk I this cdHion are from yesterdar’s DADEr. cliiion are Trom yesleriar's Doy ++ | 5 ¢ i R Period Ending January 4 16% 4% AMiliated Prod 1.60.. 9% Fuller Co2d pf...... 1508 e i mac b f $2 6314 30% Air Reduction (3). 62% 15 Gen Am Investos 14 3% % l‘:lert: Pet;l;leurr‘.b % ruscon Stee]. - 0 Shows Increase o 5 16% 7% Alaska Juneau(60c). 13 T 945 Gen A Tank Cariis = 68 i g:‘. ;n? g{:fl ‘;“' > Te 2 _Trusm s o 3% % Allerhany Corp..... 1% 10% Gen Baking (2) S 13% 5 Pitts Steel p e e UlenBCo h 915,000 in D. C 8% % Alleg Corp pf $30ww . G, s 1+ +1+ S8 FE2 | oo 14 Pitts United p! 36% 15% Un Carbide & C(1.20 Ge . 2% " " -20) 136 T % Alleg Co pf $30 xw. o e Y 300 83 Flymouth Ofi ¢ 94% 27% Union Pacific (6).... 98 b 881 425 Aliled Chem & D (§). 16 Gen Electric (40c)... 109 16% 15% s AL 40 Union Pacificpt (4). 7 63 120 961 Allled Chem pf (7).. Gen Elec spee (60¢). 11% = s $ 614 Unit Afrcraft . 306 & 278 BY EDWARD C. STO_NE. 15% 4 Allis-Chalmers Mfg. . Presced Steel Car. 30% Unit Afrcraft pt Gen Foods (2)...... of (3) 5814 Bank clearings in Washington for| 22% 12 AmeradaCorp (2)... Gen Gas & Elec (A). Erenmed Sinel:Car: pf 6% Unit Carbon. ... 3 15 2 3 3% Am Ag Chem (Del) aan Proctor & Gamble (2) it Clane 8 3 Gen G&E cv pf A (p6) 4 Unit Cigar Store % the week ended January 4 totaled $15.- | 5 Am Bank Not Gen Mills (3) . Proc & Gamb pf (5). 314 Unit Corp (40) - 705,000 against $12,790,000, a gain of 29% Am Can (4). : Public Sve N J(3.20) 20 U 7 Gen Motors (1) N nit Corp pf (3) 3t Can Ci Public Sve NJ pf (6) . 9 g 4 % o 9315 Am Can Co pf (7)... n Motors pf (5). 2% Unit Electric Coa 3 3 $2,915,000 for the week, but a decrease | 314 Am Car & Foundry. 2 Public Sve NJ pf (8). 1 IRt 13 el b e Tu cee of 325 per cent, compared with the Pl et e n Public Service corresponding week a year ago. The 2% Am European Secur. gain over the previous week indicates | 2 Am & Foreign Pwr. a large turnover of money around the | 33 3% Am&Forgn Pw pf beginning of the New Year. 4 5 Am&For Pwrpf(1). Clearings In 47 leading cities in the 22 Am & For Pwr 2d pf. United States, as reported to Brad- 25 Am Home Prod 4.20.. street’s Weekly, totaled $5,035,423,000 3% Am Ice Co. . for the week ended January 4, & gain 214 Am Internatl of 38.9 per cent over the previous week, 3% Am Locomotive. also due to the usual January 1 check 17% Am Locomotive pf. . turnover. 7% Am Mach&Fdy (80c). Clearings In these cities were 25 per 11, Am Metal Co. cent lower than a year ago in the same | 6% Am Metal pf period. The rise, uding New York ¢ 3 AmPower& Light.. City, from the previous week was 24.6 | 10 Am P&LtpfA (2%). per cent and the decline from last year | 15% Am Pwr & Lt pf (3). 259 per cent. 314 Am Radiator. Clearings in Baltimore revealed a| 181 3 Am Rolling M substantial advance, being $51,791.000, | 5% Am Sm & Ref. against $40.406,000 in the previous| 55 15 AmSm & Ref 6% pf. week, and 36 per cent under last year. 22 Am Sm & Ref 7% pf. Richmond reported clearings of $30,- 3 Am Steel Foundry. 000,000, against the much lower figure 20 Am Stores (12%) of $23,613,000 in the previous week and 70% Am Tel & Tel (9). nly 3 per cent behind the same week 405 Am Tobaceo (16) . N led $2 51 Am Tobacco ot (6) rfolk’ ings totale 95% 3 C P O K100 In the. prev 4 Am Type Founders Hershey Choc pf (15) and down 35 per cent from | 105 Am Type Fdrs pf. Holland Furnace. ... Atlanta was another South- | 3 11 Am Water Works(1) x 26 19 9 3 Homestake Min (3) . em city to reveal a good weekly gain. | 1 A Wat &Yf‘u‘i‘(‘«‘)’ xz ‘ Houdaille-ers 2 ies in the United States,| 7 " s 53 5 5 g'r ‘}Jmtxllmuiii o oly to she 1% Am Woolen. .. 1 }{nuvslgn Ul(li \‘y;:‘w‘)-. higher clearings than a year ago, th: 15% Am Woolen pf 2 Howe Sound (4lc). . guf{{ being 1.5 per cent. | 6% 1% Am Zinc & Lead udson & Man (234). 3 Anaconda Copper. Hudson Motor Car. .. Gas Company Elects Officers. 3 Anaconda Wire & C 3 Hup 1 meeting of the stock- | 5% Anchor Cap (80¢).. . helsCe i ot e Washington Gas Light| 15 7 Archer-Daniels (1).. i AsGeat Co., which was scheduled for February 24 Armour of Del pf(7). Indian Motor Cycle. . 1, 1932, and postponed eight times as % Armour of 111 (A) TEATR DAt B‘ resuit of the controversy with the % Armour of 111 (B) Industrial Rayon (2 Pu blic Utilities Commission over the 813 Armour of I11 pf. Ingersoll-Rand (2).. \t-of-town ownerchip of the com- 3 Assc Dry Goods Inland Steel any's stock, took place yesterday. 17% Atchison. Tasptratina Coner. . P e present officers were Te-elected, 35 Atchison pf ()..... Insuransh Del(15c). including Marcy L. Sperry, president; 9% Atlantio Coast Line 2 Interlake Iron B Beothby. Robert D, Weaver and 8% Atlantic Refining(1). 17 Int Bus Mach George B, Frazer, vice presidents; Ed- 74 Atlas Powder 3 Int Cement. vard T, Stafford, secretary; Hazel G. | 451 Atlas Powder pf (6). 402 It Combuation %fir con. assistant secretary; Robert| 151% 28% Auburn Auto (d4)... 163 Tt Combucton . Owers.” treasurer: A. Gray Dawson | _ 8% 1% Avation Corp (Del).. 126 Rt and Frank R. Holt, assistant treas- Baldwin Locomot. .. _ 11 [ogflr o B 0y urers; Wilton J. Lambert. general Baldwin Locomot pf. 380s Int Nickel of Can counsel, and Gen..Willlam E. Horton, 3% Baltimore & Ohlo.... 38 ks :,'a LONE assistant coupsel, L5 re Baltimore & Ohio pf Int Paper & Pwt (C) he board of _directors, - Bangora Arostk(®), Pwr (C). elected, ieludes Admiral Cary T. Gray- e s It aver & T ot zon, Wilton J. Lamber, Marey L. e i Int Rya Cent. % 8 , Corcoran om, Rol J Beatrice Creamery. . - 9) Wp:a‘er, Sidney F. Taliaferro and C. H. Beatrice Crm pf (7). ;: l' Efr?::') Pope. | Beech. '\':ll PP’(K (‘:)u Int :fi]l\'rr.r\f @ Banks Report Higher Deposits. | Belg N Ry pt pf 405 Int Tele & Teleg. . ... Washington bankers were much_in- Bendix Aviation. .. 52;‘, g :n';'!'l?n Sl.r;fpx‘\i\‘fl) terested today in a report that New Fadt & Co.. ., 1% owa Central RR.... Yoxk City's “big 10" banks, three of | Berhlehem Ste 35 156% Jewel Tea Co (3) which are the largest in the United Bethlehem Steel pf.. 33% 10 Johns-Manville... States, from the standpoint of deposits, Blaw Knox & 84 30 Jones & Laugh pf(3) he iast half of 193¢, bringing their ag- Borden Co (2 K it e 'éregate total to $6,914,476,000, or within Borp Warner: k::f‘rr‘\;;:‘})"eir"{ @ $64,303,000 of the total at the end of e 1931—$6,978,779,000. These 10 institu- Bkyn Manhat Tran. tions hold about 13 per cent of the total 4 Bklyn Man Tr pf (6 deposits in all banks in the country. Bklyn Unlon Gas(5) Four showed gains in deposits com- Brown Shoe' (8), - pared with the end of 1931—Chase Na- et BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, January 6.—Stocks ad- vanced unevenly, but impressively, ix today’s last session of the week. Th¢ market will be closed tomorrow out of respect to former President Coolidge. The railway shares were the leaders but industrials and utilities participated Few of the gains were of any greal amount, but on the other hand som¢ large blocks of stocks changed handi on the way up. Pennsylvania was out, | standing among the rails, as Al Chemical was among the industrials The latter sold higher than at any time in 1932. Consolidated Gas way the favorite in the utility list. Profit taking just before the clost shaded prices, but it was well absorbed The Street seemed satisfied wity political developments today. It waj | impressed by the investment demand for ;\‘:i[lh-gl;lde bonds lndfllt looked hope- 'y at commodity prices, which her, U S Tobacco (4.40).. and there gave signs of h.u'deninl‘ l{nl(ed Stores (A)... 4 _ | Stress was put on replacement demanc _ Unit Stores pf (3% ). 4T | for goods and the prospect of a bette] 4 {J' :xlllvPPlpe& aLmd.. z ‘thnn seasonal Spring business recovery 14 Util Pwr & Lt (A) | The flurry in the European exchangey w | following Senatot Borah's speech thi i | other day about “devaluing” the dob % |lar, seemed to have subsided 1 | French francs were off five-sixteenths 1% | With demand light, and the other Buro, » | Pean gold currencies were down mor T |or less. sterlin s reactionary, of 1, | Dutting it the other way, the dolla: was stronger. There were few features in the stoc) | market, so far as price changes wer( concerned. Some stocks were unde| accumulation very evidently, but th buying was cautious and let up whey prices advanced. Pennsylvania was 1 favorite among the rails, although onl; fractionally higher. In’ this case thy demand was said to be coming from brokers who represent from time t | time other railroad interests. Penns sylvania has made a good record al through the depression—able to shnl something for the stock when othe roads were operating at deficits. Allied Chemical gave a good accoun) of itself again, partly at the expense o | the short interest, but partly because of new buying. Shorts in Western Uniog Wilson & Co retreated and also in Eastman Kodak Wilson & Co pt. J. 1. Case was somewhat higher becausy Woolworth (2.40). of a better feeling about the grain mar, Worthington Pum; ket. Buying was noted in Genera 1% Yellow Truck. VRS i | Baking. The tobacco stocks were stead) 4 Youngstown Sh&Tu. but inactive. Among the very low: 4 Zonite Produets ‘nrlcred rpecd ulations Consolidated Piln preferred was up nearly a point Sales of Stocks on New York Excha oty dod 10:30 AM . 140,000 13:00 Noo. s Y8 il sain e e 1:30 P.M 670,000 2:10 PM. s 000 . . Dividend rates as Bank of France Statement. payments based on the ations. *Unit of trading less than 100 shares. {Partly exira. Plus | oy LARLS; JANUAry 6 (P).—The weekl) 4% 1n stock. aPaid this year—no regular rate. b Pavable In gnent of the Bank of Prance show: | stock. e Payable in cash or stock. {Plus 8% in stock. h Plus francs: | 2% in stock. 1Plus S1 in special preferred stock. K Plus 3% in stock. mPald last year—no regular rate. nPlus 5% in stosk | o Payable in serip. » 2 @ BroranBrnbal +1+ L& srzseis 4 Pullman Corp (3). Pure Ofl. ! . Purity Bakeries (1). Radio Corp. Radlo Corp pf B. 4 Radio-Keith-Orph. .. Raybestos-Man (60¢) Real Silk Hoslery. .. Remington-Rand 4 Gen Rwy Signal (1). Gen Realty & Utll. .. Gillette Saf Rax (1). Gillette Saf R pt (5). % Gimbel Bros Glidden Co. . . Gobel (Adolf). 4 Gold Dust (1.20). % Goodrich (B F) 9% Unit Gas&Im (1.20) 20% 70 Unit Gas&Im pf (5) 1% U S & Forn Secur. 26 US&FornSeept... 1 50 3% U S Freight. .. 10% U 8 Gypsum (1 60).. 84% U S Gypsum pf (T).. 13% U S Indus Alcohol... 1% U S Leather. .. 4 1% Republic Steel. . 3% U S Leather (A) R e 9" Revere Cop & Br pf.. T U S Pipe & Fdry (2) g i ol ; 4 2614 Reynolds Tob B (3).. 59 4 11% U § Pipe 1st (1.20) Gotham Silk Hoslery 3 2 BLNaEG: c . 2 USRealty & Imp. Rossia Ins of Amer. . 1% U S Rubber..... Roval Dutch. U 8 Rubber 1st pf. Rutland R R p USSmtg & Ref (1).. U S Smtg&Ref pf 3% L ++++4+ ® wBwakaann~Bnhe~ XL REFFEFE § T2 T * » F FENIPIET FEEFF EFESEFEFE ¥ bbbt . ~ Grand Unfon pf (3) Grant (WT) (1). Great Northern pf. Grigsby Grunow. . Gulf Mobile & N 1t le FEIEFE U S Steel pf (7). P e c Savage Arms Scott Paper ( Seaboard Air Line. Seaboard Air Line Seaboard Ol Del 40e. Seagrave Corp. . 4 Sears Roebuck. Servel Inc. .. Sharon Stesl Hioop 11% 34 Va-Car Chem 6% pf. P i 3 3 34% Tl Vulean Detinning... 270s Shattuck(FG) (500 Shell Union Of1. ... .. Shell Union Oil pf. Simmons Co. Skelly Ofl of ww. . 4 Socony Vacuum 40, Solv Am pf ww(5%4). So Port Ric Sug 1.60. +ldtt i+t 4e+2 1 ++ F+4 10 5 2= [ Hartman Corp (B). . Hat Corp (A)..... Hayes Body . Hercules Powder 114 He.:cules Pow pf (7). Hershey Choc (5)... - S FEE FEL + 110 ® 2 2 H Ward Baking (A)... Ward Baking (B) 21 Warn Bros Pictures. 36 4 Warren Bros........ 6 Wesson Oll & Sn (1). 10 West Pa Elec A (7)., 1508 Southern Cal Ed(2).. West Pa Elec pf (6). 260s Southern Pacific. West Pa Wl pf (7)... 130s Southern Railway... 33 % Y A West Pa Pwr pf (6). 10a Southern Railway pf 7 Western Dairy pf A. 1 Sparks-Withington. . Western Dairy pf B. 1 Spear & Co 1st pf. Western Maryland. . Standard Brands (1). Western Md 2d pf Western Pacific...... Western Pacific pf. " Western Union. Westing'se Air B(1). Westinghouse Elec. Wileox O1l & Gas. Wiilys-Overland. Wilson & Co SRS [P S and Gas&El pf (4). Stand I z Stand Oil Stand Oit Stand O : Stand OII N J (12)... Stewart Warner. . Stone & Webster Studebaker Corp Studebaker pf (7). Sun Ol (k1).... Superheater Co(50e) . Superior Ofl. i Symington (A) Telautograph (1). ‘Tennessee Corp. 4 Texas Corp (1)...... Tex Gult Sulph (2).. Tex Pacific Land Tr. Thermoid Co. . - Third Avenue. < - Third Nat Inv (90¢). = Thompson Products. + 2 Tido Water Asso Ofl. 3% % + 7% Timken Roller Bg(1) 16 16 + | Reconciruction Fimsnce Gorparsuon, | CHECK IN BUSINESS RERER FEFE FF L4 PER FEPEET PEEFEFEF FEFEFFEF L4444+ bills bought abroad decreased 36, advances decreased 14,000,000, o tion “increased 2,462,000,000, accounts decreased 2,002,000,000. Rate of discount, 21 per cent. CORPORATION REPORTS tion—Deficit of subsidiary, Western Pa- cific Railroad Co., in 11 months ended Kelvinator Corp. Kennecott Copper. | Bucyrus-Erle cv p tional, Bankers Trust, First National | and Chemical Bank & Trust Co. Bank- ers Trust made the largest gain, with an increase of about $64,000,000 during | 1932, while, compared with June 30, it increased deposits by $73,000,000. Chase National, National City and Guaranty Trust, respectively, continue to head the country’s banking institu- Budd Wheel. Burns Bros pf Burroughs AM(40¢). Bugh Term'l 4 4 Bush Termina! Bvers (A M) eb stk. 190s 1p(7) 208 4% California Packing. . 1% Calumet & Hecla. 6 Canada Dry G A1) 3 4 Lehman Corp (2.40). Kinney (G R) Co pf. Kresge (SS) Co (1) Kresge (SS) pf (7) Krozer Grocery (1).. Lambert Co (4) Lee Rubber & Tire Lehigh Valley R Liggett & Myers(15) 44% TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, January 6—The fol- lowing is today's summary of important corporation news prepared by Standard Statistics Co., Inc., New York, for the November 30 was $1,906,987 vs. weficit $1,906,396. Steel and Iron. Bethlehem Steel Corporation—Sub- sidiary, McClintic-Marshall Corporation, | booked orders for 41,820 tons of mate- |rial in past week. Truscon Steel Co. has obtained an in Recovery of Key Industries From Depression Lows. By the Associated Press. | Bradstreet's Finds Encouragement | | INVESTMENT TRUSTS | NEW YORK, J. the-counter marke'tl:m“y b i (Quotations as of 10 e'clock.) Am Bank St Bullock Pund "~ Cumulative_Tr Corpo; Trust Corpo: Trust A'A": ] tions in size of depsits. T% Canaifan Pacific. Insurance Stocks In 1932. 10% C-nnm; ?‘"H! . Insurance stocks during 1932 were in- Sman gg;,» clined to follow general security market | Cateiriar Dioc B0 trends, although some irregularity de- % Cent Aguirre (1%4). . veloped in individual issues, Hoit, Rose oot A b & Troster report. Various issues closed % Checker Cab Mz the year at higher levels, but were it counterbalanced by lower levels reached Ch‘ ke Corp (2) by several other issues. oo L4 Opening January 2 at 25.77, the Hoit, S Gicat Wastn - Rose & Troster weighted average of 20 e Chi Mil StP & Pac representative issues reached a high of Gl 8P & Pac 3532 on March 8. Subsequently, the Chi & Northwestern. list gradually settled downward to reach Chia Noithiaat ot the low of 12.62 on July 11. Rallying Chi Pneumatic Tool.. in sympathy with other securities, in- st Thonil i surance stocks improved their ma’ket‘ 14 Cht Rock 1 & Pac. levels and the averages closed December | Chi R 18 Pac 6% b, 31 at 23.82, only 1.95 points below the | ChiR1& Pac 7% pf. January 2 opening average. | Chi Yellow Cab (1). . Today's Trading on Exchange. | 4 Chiids Company. . Trading on the Washington stock | S{‘{{;{Z’,f." e market today was confined wholly to BRA R e bonds. Business opened with $500 | Coca Cola (A) (3). .. Washington Gas Light 6s, series A,| Sl lealih changing hands at 100%, $1.000 mov- ol P Bt (8) ing at 10035 and $500 at 100% Colo Fuel & Iron. Washington Railway & Electric 4s | 3 Colo & South 1st pf. °p”ud§‘(‘)‘9r(‘) * s]‘eoo?oosikfigcscg’ Zn"the Columbia Gas (b1).. 146 Midland Steel Prod more $1,000 sales 5 e Columbia Ple ctfs.... 3 Minn Moline P pf higher price of 89% Columb Carbon (2).. 60 32% 4 MStP & 8 Neither u\Cap:ml "l;rgecgl;;'l\w:ws: o Commercial Credit.. 72 MSP&SSMpf bonds made any af N Comel Credit A (3).. 2 Mo Kan & Texas board today, despite yesterday's passage | Comel Cred 15t(6%). 1108 Mo Kan & Texas pf of the street car merger legislation by 4 Comcl Tav Toust i3y, . 6 Missonr{ Pacifi. . the House. Comel Inv Tr pf 6%. 1308 Missauri Pacific p The issues in the unlisted department | s il For e Montgomery Ward were given their weekly attention today, Comel Solv (60¢c) Morrell (J) & Co (2). but no changes noted in quotations. Comwlth & Sou pf. Motor Whee! Heard in Financial Distriot. C Mullins Mfg. Comwith & South 1 Robert V. Fleming, president of the Congol-Nairn (§ 5 Muilins Mfg p Riggs National Bank, who was con- Consol Film. .... 2% Murray Corp. to his home a few days with the Consol Fiim pf. Nash Motors (1). ailing heavy cold, is back at his Ligg & Myers B (15). Ligg & Myers pf (7). Lily Tulip Cup (13%) Liquid Carbanic. 4 Loew’s, Inc (3) Loft Inc “en Loose-Wiles Bis (2). Lorillard (P) (1.20). 4 Lou Gas&El A (1%). 7% Louisville & Nash McCall Corpn (2). McIntyre Porc M(1). McKeesport T P (4). McKesson & Robs pf McLellan Stores. . .. McLellan Stores pt Mack Trucks (1). Maey (RH) & Co (2) Mallison & Co A Manhat Elev m 5 Mannattan Shirt. Marine Mid1d (80c).. Marlin-Rockwell(1). Marmon Motor Marshall Field & Co. May Dept Stores (1). Maytag Co.... : Maytag pf ww 4 Miami Copper . Mid Continent Petm. N 5i% h NEW YORK, January 6-—The cur- Sorporate Trust Ac it Assoclated Press: order for 60000 steel refrigerator cabl- | rent issue of Bradstreets will say: ind 37 Shrs 15 1 Household Products. PG nited Statis Steei &&?;‘:‘1?‘;,,_,,,,_ “Business seems to be relieved that ;3: *| Kelvinator Corporation unit ship- | filled orders of company as of Decem- | 1932 has become history. With the ex- [ N& ments in quarter ended December 31, ber 31, 1932, are expected to show a |ception of those who feel that the old 1932, mad bstantially better show- | moderate decrease with indications that | order is doomed entirely, every one , made a substantially falling off would not be far away from | seems to feel that 1932 has been the ing than in like 1931 period; it is said | the 28,739 tons decline reported for | worst phase of the battle against eco- that operating economies have placed | November 30, 1932; subsidiary, Ameri- | nomic adversity. The definite check in company in position to operate profit- | can Bridge Co., has booked orders for | the rate of decline and the recovery of ably with a smaller volume of business | 28,300 tons of material. a number of key fields from the de- | Lrust Fund Shrs in 1933 than in 1932. Ry pression lows are encouraging. Trusted Am Bk “A vt ke “Commodity prices, in spite of the Gotham Silk Hoslery Co—Plants are General American Investors _Co. |all operating at abowt 75 per cent of | oo Dacciine during the last weeks of FPREFPER FESFTEFES ™ FrE VRl AL i , ++ E8 STE 3 - PeTTOD, PTG e FESERSRSEREN, FEFE s AR NN NR RARRN AR BB Ao N ® m&lvex;lu gr‘t‘;‘edm of ‘railway lines 11 land are o e ot or 1005, | AL OpeTsting at about 15 per oent of | the old year, are sill above the lows af - @ being closed for passenge: th . 13 cents a common shate vs. $1.27 on | week and two elght-nour shift basis, | has ‘peen 159 per cent, morired Ls December 31, 1931. | reported that cash was slightly over 21 per Lehman Corporation net asset value |$2,000,000 vs. $3,000,000 at start of 1932. | n ,",',nfi‘;‘-‘.,e“‘m“,’,}n,‘.? ulxp:{ :35 December 31, 1932, was $58.27 per share | Kayser (Julius) & Co. expected t0|pess shows a similar growing resistance passing R | December 31 1952 wat $5871 o7 shve | Kaner Gultie) & Co. expeced 0| s shows s simine trowing ressanes Doctors 1932, in first fiscal half ended December 31, | dron of'gg) Solvay American Investment Corpora- 1932, compared with 39 cents a share ii | 193 per cent ;;‘;am ’;‘.f_:‘p‘:‘r o Dlz“ ln:o:tfi“wfimfl o peo- Uion declared regular quarterly dividend ) ke period of 1951; plans are operating | in 1633, “Pailures show s miich. better | | Motiear aocioirs, D068, S0 4 » e £ FFEFRELE Banking Holiday Declared. GIBSON CITY? Ill, January 6 (P).— Gibson City went on a banking holiday yesterday. Mayor Herman C. Krudup announced that withdrawals from the First Na- tional Bank, the only one oflentlng in | Gibson City, caused the holiday. The Gibson City State Bank closed last week. “It is deemed expedient for the pub- lic welfare,” Mayor Krudup said in a proclamation, “to suspend all banking business within Gibson City for a pe- riod of 30 days.” M. C. Mattinson, president of the First National, left for Washington, D. C., to submit to the United States con- troller a plan of refinancing the bank. - » +4+ 4+ A S ad R e R Ssus siE Consol Gas N Y (4).. 1% Nat Acme Co. . Consol Gas NY pf(5) Consol Laund 50c Cansol O1l Corp. Consol Textlle...... Contl Baking (A) Contl Baking (B) Contl Baking pf (4). ContlCan (2)..... Contl Insur (1.20) Cont Motors 4 Contl Of] (Del Corn Products (3). I +++ Nat Biscuit (2.80) . Nat Cash Reg (A). Nat Dairy Prod (2) Nat Distillers. Nat Lead pf A (7). Nat Lead pf B (8). Nat Pwr & Lt (1) Nat Ry Mex 2d pf. Nat Steel (50c) Nat Supply pf. Nat Surety. Nat Tea (60¢) . Nevada Con Copper Newton Steel N'Y Central. . 4 N'Y Chicago & St L N Y Chi & St L pf. 4 N Y Investors. Y N H & Hartf Y N H & Hart pf Y Ont & Western.. N Y Shipbldg pf (7). N Y Steam pt (6).... Noranda Min (al. Norfolk & Southern. Norfolk & West (8).. Norf & Westn pf (4). North Am Aviation. . No# Amer(b10%stk) North Amer pt (3).. North Am Ed pf (6). rd L. Hillyer, vice president of n Trust Co., who has been on | vacation in the South, is back ancial district A Columbia Gas & Electric Corporation | has declared the regular quarterly | dividends of 25 cents in convertible | preference stock on the common stock, | $1.50 on the $6 preferred stock, $1.25| on the $5 preferred stock and $1.25 on the $5 convertible preference stock, all | Coty. Ine. . ble February 15 to stock of record el RO L Crosley Radio. . The Open Market Policy Conference | SRl LA of the Federal Reserve System has de- Crown C&S pf (2.10). cided that there shall be no change in e the systems policy of maintaining a e sea N substar unt of excess member- it b i & tments in the sys- Cuba RR p o the open market Curtis Publishing. i Curtis Publish pf(1). Curtiss-Wright. ... Curtiss-Wright (A). Cushmans pf (7). Cutler Hammer. . . Davison Chemical. .. Deere & Co pf (40c).. Del & Hudson (6). ... Del Lack & Westn. 54 Northern Pacific. Detroit Edison (6). . DetoosRaynoldsCA) % Norwalk Tire & Rub. Diamond Match (1). 9 7 5 Ohio Ol (a50c) Diamond Mach pf 1% % Oliver Farm Bquip 2 i Dome Mines (11.10). 2% Oliver F Eq prpf A.. Doug Afreraft (75c). 20 1% Omnibus Corp. ... . B o N D s FEEFE F RS 3 + record at the end of the year than they | Menhattan _Shirt Co. deficit, year Leather and Shoes. ended November 30, $139,248, vs. met | iid fOr the previous year. Four weeks consder buying from a life under- " mber o e e ler- mon share earnings, year ended No-| Printz-Biederman Co. deficit, year ?r‘oir‘x”éiem;:ll:re’;“;fio;u?fhr; i:';‘f vember 30, $1.80 vs. $4.84 in 11 months | ended November 30, $56,043, vs. pet 2 District of Columbia series that l:oldxm;lr improvement over Life Underwriters’ Association Metals (Non-Ferrous). =t o o e low point of the year are car load- | == Consolidated Mining & Smelting co., NEW YORK BANK STOCKS il Sumous coal prodsein Producing Oil Royalties a dividend of 10 per cent in common st e ARE Dank de- TR = G o . | posits. Benjamin J. Mills stock on common stock; last payment| NEW YORK, January 6 (#).—Over- Pilen Seemn ..Jd' - and 5 per cent in eommon stock on (Quotations as of 10 o'clock.) January 15, 1932, it b A%l i International. Silver Co. to close s | Sanmgrcal (3]0 BUILDING ASSOCIATION Derby factory, taking care of its re- ; : Qquirements at Meriden plants. g.:é‘f.‘““"%“" @5 7th and Indiana Ave. N.W. @) Railroad and Railroad Equipment. & Commerce Commission approved an | At A S additional loan of $2,500.000 to this Corporation. | - Pittsbyrgh & West Virginia Railway— Open for Subscription James E. Connelly, James F. of $1.37% on preferred stock. at 75 per cent of capacity. Solf.. Whan von ey T e E in December, with aggregate failures Endicott Johnson Corporation com- | income $102,312. : writers' Association? ended November 28, 1931. income, $80,557. sponding period in 1931. Among other ings, automobile production, cotton con- of Canada, Ltd—Directors voted to pay | Descrintive Booklet Upon Request on common was $1.25 a share in cash | the-counter market i g , ENTERPRISE SERIAL nhatti Missouri Pacific Railrcad—Interstate | i company by Reconstruction Finance 69th Series of Stock Now Deficit 11 menths ended November 30, | £ ". Shes, President Secretary $415,112 vs. net income $36.932. Seaboard Air Line Railway—Inter- SECURITY Rate Maturiey Rochester Gas & Electric Corp. NM{ _ General “B” ............. 5 Mar.1,1962 *t Erie Lighting Company First 5 Apr.1,1967 N. Y. State Elec. & Gas Corp. NMC. Figst ......cetc0evsnesnoss. $5 Mar.1,1960 New Jersey Power & Light Co. NME" BRI . .. .o havinnnsns s Metropolitan Edison Company N*t First Series “D”,,......... 4% Mar.1,1968 First Series “F” . ......... 5 May1l, 1962 Pennsylvania Electric Co. NC* First & Refunding “F”... Northern Pennsylvania Power NM*t Co. First & Refunding Public Utility Operating Company +4 9 FEF FEF FERIEFIF ble in the futare without icipaticn, concludes the . of New York in 4% Oct. 1, 1960 @ A+ & riance of the transporta- | industry to the economic welfare ne Nation has lately received wide- | spread recognition, and ultimate cor- | Tection of the fundamental adversities | +1 =5 which for a long period (even prior to| Dresser (SR)M{g(B) ’g Qtts Ei:;‘;:?r.sl)l) the depression) have been operating to| Drug Corp (4). A besep e we the status of the rail carriers | 22 Dupont de Nem now seems a certainty. 105% _80% Duvont de! LT 35% Eastman Kodak (3). U. S. TREASURY BALANCE. 3 Eaton Mfg Co. .. v the Assoclated P Elec Auto-L (1.20) 48 Eiec Auto Lite pf(7). 1208 reas ipts for January 4 were | Electric Boat. . 6 ‘61;9;135 2: expenditures, 519,902+ Elec & Musical Instr. 687.84; balance, $518,433430.19. Cus- Elec Pwr & Lt. toms duties for four days of Jannuary Elec Pyr & Lt (2). were $1,678,455.31. Elec Pwr&Lt pf 2.33. Elec Storage Bat (2) Eng Pub 8ve pf (5).. 10508 Enz P S pf ww (5%) EtfieRR... 4 May 1, 1971 5.68 +4+ 4+ % Pacific Gas & El (2). 20% Pacific Lighting (3). 58 Pacific Tel&Teleg(T) 1% Packard Motor Car. . 7% Pan-Am Pet B (80¢). 134 Paramount Publix. ., % Park Utah....., 5 Apr.l51962 9 571 SR ey £ 4 b N—Legal for Savings Banks and Trust Funds in New York. C—Legal for Sevings Banks and Trust Funds in Connecticut. M—Legal for Savings Banks in Masss- chusetts. *—Tax free in Pennsylvania. 1 Interest payable without deduction for federal income tax up to 2%. Conservative investors with January funds will find the accompanying list of utility bonds to be high grade and attractively priced. United Railways Receivers. BALTIMORE, January 6 (Special) — Lucius S. Storrs, president of the United Railways, and William H. Meese, vice 8% Fed Lt&Trac (1), .. president of the Western Electric Co. | 2% Fed Water Service A and general manager of its local plant, 6 Fidelity-Phoen 1.20. were named receivers for the $77.000,- | 18% 10% Firestone T& R (1). 000 traction company under bond of | 68 45 Firestone T&R f(6) $100,000 each yesterday by Judge Wil-| 541 35 First Nat Stores 23, liam' C. Coleman in the United States| 15% 3 Foster-Wheeler. b ccguen. | T% 1 FoundationCo. = FEFEF e R 3 General Utility Securities INCORPORAT 61 BROADWAY, NEW YORK « Phone BO wiing Green 9-6070 Pere Manquette. Pere Marquette pf. Pere Marquette pr pf Pet Milk . 3 Petrol Corp of Am... 3% Phelps Dodge. . 18 PhilaCo6% (3). » seeSesds T34+ 44444 441+