Evening Star Newspaper, January 6, 1933, Page 15

FINANCIAL. INVESTMENT BOND MARKET IMPROVES Treasury Issues Continue Strong—Corporate List Advances. BY CHARLES F. SPEARE. Bpecial DisBatch to The Star. NEW YORK, January 6.—The out- | Ab& St5148'43... look for a long period of easy money | Alleghany s 44 which had been re-emphasized in the | Alleghany 5s'49. latest statement of the Federal Re- serve Board, influenced additional ac- cumulation today of various classes of invesiment issues and carried the bet- ter grades to new high prices for the movement. Nearly all of the Treasury obliga- tlons were strong. The 3%s around 10615 and the 3s at 98% were in new bigh ground. The Treasury 4is and the 4s were approximately at their previous best figures, with a gain of about 1{ in the Liberty fourth 4!is and a smaller rise in the Liberty 3l2s The best rated of corporation bonds were strong. Atchison general 4s opened '; higher at 96!2. which com- gnes with their low price last year of 5 and brings them close to a 4!§ per eent income basis. Consolidated Gas of New York, Duquesne Light, New York Edison and American Telephone & Telegraph bonds and equally rated | BONDS THE EVENING STAR, WASHINGTON, BN N-EW. Y O STOCK EXCHAN Received by Private Wire Direct to The Star Office. UNITED STATES. (Sales are in $1.000.) High ~ Low. Lib 3348 32-47... 10226 10222 Lib 1st 4%832-47 10226 10222 Lib 4th 4% s 33-38 103 27 108 20 U 8 3s51-55 9826 9818 US3%s46-49 9931 9927 US3%sM41-43. 10213 10210 10215 10210 10212 105 4 1073 110 14 Sales. Hjgh. Abitibi P&P 58’53, 7 4% 88% 26'% 20% Allegnany 58°50. .. 9% Allis-Chalm 5s'37 76% 1108 AmT&T 4348'39. . Am T&T c tr6s°48. Am T&T deb b: 0. 4 Am T&T deb 5°65. Am T&T 535843, . Am Wat Wks 5534 Am Wat Wks 6s'75 Antioqui; Argentine Argent 6s 61 May. Argentine 6s 59 Ju Argentine 6s A '57. 59 Argentine 6s B'58. 2 Arm & Co 4%s'39. 18 Arm Del b%s'43. .. 28 Atchison gn 48 '95. 101 industrials like Standard Oil of New |Atchison 4%s'48 York and Standard of New Jersey AtlIC L 1st 4s'52.. 12 equaled or bettered their previous high ] Atl1C Ll 4s'52 prices. At the same time, the second- | AtICL un 438’6 Atl Ref db 6s 37 Australia 4245 | Austral e public utilities, such as Detroit &.Lwn 5s and Columbia Gas & Elec- tric 5s, were 1 to 11¢ points higher. The semi-investment ofl bonds took | rt in the improvement. Skelly Oil| 155 rose 14 points. Shell Union Oil | Shell Pipe Line and Sinclair and Texas Co, issues were all steady. Among the vances of 1!, points in American | metal 5's lng of 5 points in Lehigh Valley Coal 5s, of this year's loss. Postal Telegraph 8s were up a point. United Drug 5s declined a point. Utllity Power & Light 5 rose 1% points. i EXCHA;VGES WILL CLOSE TO HONOR COOLIDGE Bpecial Dispatch to The Star. 4 4 . 8 102% 19 72% ustralia bs ‘57 . B&O 1st4s'4s. |B&O4%s8'33. miscellaneous industrials there were ad- | g O 4%s '60 O 15t 5848, ref 55 '95 rf6sC'95... O P&WYV 45’41 & & R&O Sase which recovered half | p g o rf 55D 2000. B&O B& B & O Sw dv 58 '50. Ban & Aroos 4s'51. Batav Pet 414542, Belgium 65 '55 Belgium 6384 Belgium 78 '55. Belgium 7s°56..... Bell Tel Pa 55 B'48. Bell Tel Pa 55 C'60. | Benet Loan 6s i /- | Berlin Cy EI 65 '55. NEW YORK, January 6—The gov-| 1 ernors of the New York Stock Exchange | Ber;;n u;_: Gso at a special meeting at noon today | Berlin C E1 648" voted to close the Exchange tomorrow | Berlin C El 634559, in honor of the memory of ex-Presi- dent Calvin Coolidge, whose funeral will be held tomorrow morning at| Northampton, Mass. The action of the Exchange was at | once followed by governors of the Curb | Exchange and the various commodity | Beth Stl pm 55 °36. Bolivia 7s'58. Bolivia 75 '69 Bolivia 8347 Bordeaux 65 '34. Bos & Me 5. Bos & M 827~ The last time the exchanges cloced | poaci c'R7g 52 because of the th of an ex-Presi- dent was on March 11, 1930, when they suspended trading at 12:30 pm. be- Brazil 85 '41. Bremen 7s '35. Bklyn Ed 55 A cause of the funeral of William Howard | pyyn M: Tait. They closed for a similar period | Biciyn UnG on February 6, 1924, during the func:il| Bkiyn Un Gas 63’50 of Woodrow Wilson. The exchanges were closed on August Bklyn U Gas 5s* Budapest 6; 6. 3, 1923, the day following the death of | Buenos A R 6s'61. President Warren G. Harding, again on August 10, buried at Marion, Ohio. all trading stopped between 11 am. and 12:30 p.m. during the funeral services held at Washinglon. The exchanges closed from 12:30 to 3 p.m. on January 7. 1919, during the funeral of Theodore evelt. | C Washin‘gton Stock E;change SALES. ‘Washington Gas 6s “A"—$500 at 10013, $1,000 at 10035, $500 at 100%. g Washington Rwy. & Electric 4s—$1,000 | at 891, 1,000 at 89%, $1,000 at 893, $1,000 at 89%, $1,000 at 89 Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Asked. & Tel. 4%s '39.. 105 e ) Amer._Tel and | BR & Pitts 44857 when he Wwas| Bush Ter con 58'55. On August 8 | Bush T Bldg 5s'60. | Calif Packing 5s'40 anada §s '52. Can Nat Ry 4338'51 Can N, t Ry 448’54 at Ry 4%s'55 Nat 53 '69 July Can Nor deb 7s'40. Can Pac @b 4; . Can Pac 4%s'46 | Can Pac 58 '44 ctts Can Pac 58 '54. Car Clin & O 65 °52. Cent Ga cn 58 '45. . Cent 111 E&G 55 '51 Cent Pac 1st 45 '49. | Cent Pac bs’60. ... | Cen Ry NJ gn 55'87 Cert-td db 5358 48, Ches Corp 5s '47 C&O04%s5A'93 100% | C & O con 5839, Washington Gas 5s.. . 103 104 Wash. Gas 6 100% ash. Gas 6s. sei st ash. Rwy. & Elec. 4s.....0. 2 MISCELLANEOUS. arber & Ross. Inc., 6%s.... vy Chase Club 5las z lumbis Country Club 5Yas. .G Baper Mig 81 ash. Mkt. Cold Storage 5s.. STOCKS. CB&Qgn4s T|CM&StPadyss. . | Chi&XW gn 33 5'87 Chi, PUBLIC UTILITY Amer. Tel. & Tel_ (9) s Chi&NW rf 5s 2037 |Chi& N | Chi RI&P gn 4. | Chi RI&P rf 4334, ChiR1&P4%8'52 Chi RI4%s°60. NATIONAL BANK. Spial ® umbia (1%) istamped) (6) « C & c Chila COMPANY. C C& W Ind cn 48'52. & W Iad 538 “1,(1ds deb 58 '43 “hile 63760 “hile 63 '61 6361 Jan. Chife 65 '61 Sept “hile 75 Chile Cop d | Chile Mtg | Cni Mg E 3 & Com. Bk, (105000 venth Street () nited States (301 5 ash. Mechanics (20 _ | FIRE INSURANCE. . 4 C C b 1ef Term 435" “lev Term 65 B '73. v Ter 53 8A'72. ologne 6125 °50. . Colomb 6s '61 Jan. % | Colomb 65 *61 Oct Colo & Rolympia (¢ - eal Bsiate . e "0l G&E 55 5 “ol Gas & E ‘om Inves | Con Pwr Jap 6358 Copenhag % 68 53, penhag Czecho 8351, Del& Hud ref 4s ‘42 Del P'w&Lt4348'T1 Denmark 448 '62 Wdwd. & Lothrop com. Wdwd & Lothrop pfd extra. % extra. extra. extra. . extra. e115% extra Unlisted 'D'e}alr'tmenl. (These securities not listed under exchange Tules.) BONDS. Min. pri Army-Navy Club bs....... e Cosmos Clyb 4%as... .. 11 Do Commercial Club st 55 ayflower Hotel 8. ... .. ... s | etropolitan Club 4 4y Dutch Ea Denmark 5%s ‘65 | Denver Gas 58 *51 D& R Grends’36. D& RGr4%s'36.. | D&RG W 58'65.. | Det Ed 438D '61.. | Det Edison rf 5849 Det Edison s '52 Det I2dison 58 '55. . Dodge Bros 6s '40. Donner Stl 78 '42. Duquesne 4% A ‘67 DEI5%s 53 Mar. 16847, Dutch East 1 6s 62 Erie gen 4s'9¢ Erieref 5567 Erieref 58'75 Apacostia Bank apin_ Backs N Connecticut Ple k. .. Co. .. Club on Bav. Bank Finland 5 Finland 5 Fram Ind 42 French Gov 75 '49. French Gv 7%s 41 Gelsenk'hen 6a " Gen Baking & Gen Cable 515 47, Gen Motors 6s°37. | Ger Cent Bk Ger Cen Bk Close. 10222 102 25 103 22 98 21 9928 102 10 10211 10211 1051 106 30 1108 93 ktd 46% 51% 101% Ti% 76 76 9314 58 7814 6915 29% 84 38 8% ay k2] 95 100 105% 104 110% 110% 84 484 Sales. High. 0w ! Ger Cen Bk 65600 48 Ger Cen Bk 78 '50.. 4 Ger Gen Elec 6s'48 12 Ger Gen El 78 "45 6 Ger Gov 5%s ‘65 German Rep 78 '49. GoodHopeS&I 7s'45 12 Goodrich 68 '45. Grt Nor 4%s E'77. or 5%s B '62. or £n 78 '36 Haitl s Hudson Coal 58 62. Hud & M adj 68 '57. Hud & M rf 68 '57.. 11l Bell Tell 5" 111 Cent rf 4s '56 I11 Cent 4% " 111 Cent 6%s '36. 111 CCStL&N 4% 11l CCStL&N 6s A. . T11 Steel db 434840, Inland St 4%s A'78 Int Rap Tr rf 5s'66 Int Rap Tr 68’32 Int Rap Tr 7832 Int Pap ref 5s A Int Pap 6s ‘55 Int Ry CA 587 Int Tel&T 434539, 3 IntT&T 4%8'52.. Int T&TEs'S5. ... Irish Free St 65 '60 Italy 7s'51. . Italy Pub 7552 Japanese 5148 '65. . Japanese 6148 '54. . Jugosl Bnk 75 ' Kan C F S&M 45’ Kan C P&L 4% Kan City Sou & Kan City Sou 5s' Kan City Ter 45'60. Kan G&E 4145 '80. Karstadt 68 '43. ... | Kresge Found 6536 Kreug & Toll5s’ Laclede Gas 58 °34. Laclede 548 C D Leh V cn 4348 2003, Lig & Myers §s'51. Lig & Myers 7s '44 Loew's 6s'41. . Long Isirf 48’4 Long Isl db 55 '37 Lorillard 5s ‘51 Lorillard 7s '44 La & Ark 5369 Lou 7 & El 53 A'52. L& luni4s’'40... 22 L& .V4%sC2003.. L &N 58 B 2003. L&Nrf5%s2003. Lyons 6s'34...... McKes & R 533560, Manhat Ry cn 45’90 Market St 7s A '40 Marselile 6334 Milan 634 MIIE ] v&L 55’61, Ml ELy&L 5871, MSP. MEK&T4%s"78. .. MK&TESA'S Mo Pac gn 457! Mo Pacrf 53 A '65. Mo Pac 55 F'77 Mo Pac 53 G '78 Mo Pac 5s H'80. Mo Pac 58 I'81 Mo Pac5%3 A "49. Mont Poew 5s "43 Mont Pwr 5s A '62. Mont T 1st rf 58’41 Mor&Co 1st 4% 5'39 Nat Steel 55 ‘56 NEng T 1st 5 N J Power 4 NOT&MGEY%s 54, Nw S Wales 55 '57. NYC3%s°97. NYCentdb4s'34. N Y Cent 4598 NYCrf4%s 20 NYCrf4}4s2013n NYCrf5s 2013 3 N Y Cent db 6s'35. NYC&SUL 4%5'78. YC&SL5155A'T4 B'44 i N 'Y Edison 58 C'51 NYFEArf6ls'41. N Y EL H&P 45°49 NY EL H&P 5548, NY NH&H 45 '56. . NY NH&H 435 '67 NY NH&H clt 6540 NY NH&H 6548 . NY O&W gn 45 '55. NY O&W rf 4892 NY Rys 6s A '65 NY Rys Inc 6 N Y Steam 55'56... N Y Tel gn 4%s'39 NY W&B 414546, Nia Sh Md 5148 '50. Nord 614550 o Norf Sou rf 58 °61. . Nor & Wn en 4s°96 Nort&Wn div 4s'44 North Am Co 58 ‘61 Nor Am Ed 58 A’57 Nor Am Ed 58 C'69, | Nor AmE5%s'6 N Ger Lloyd 6s'47. NorOT &L 8s'4 Nog Pac gn 35 2047 Nor Pac 4s'97. . Nor Pac 4348 2047 Nor Pacri6s2047. Nor St Pw b5 A "41. Norway 5563 Norway 5% '65 Norway 6s '43. | Norway 6s°44. Oreg-Wash 45°61.. Orlent Dev G158 ‘58 Owens 111 G1 5539, Pac GRE 5s'42.. Pac T&T 1st 55'37. Pac T&T rf 58 '52.. Paramount 65 '47. . Param-Pub 53’50 Paris Or 53568 . Pathe Exch 7s " Penn 4% s D'81 Penn gn 43365, Penn 435 D '70 Penn 4%s'63 Penn 55 '64. Penn gen 65 '68.... 8 Penn 6345 °36...... 19 Penn O&D 4135’77, § Penn P&L 4% '81.104 Teop Gas ref 55 '47. Pere Peru 6 | Peru 65°61. | Peru7s Phila Co 58 Phila Ejec 45 '71... | Phila & Read 6349 Philippine R 45 '37. Phillip Pet 5% 839 | Poland 75 *47. Poland 85’50 Port Gn E14% Pos Tel & C 5s'33.. | Prussia 6 Prussia 633 '61. Public Serv 45 *71.. PubSv G 414s" Pub Sv G 4%5°7 Pure O11 5%8'37 | Queenslana 7s"41.. Radio-K-Or 68 '41. Read 4% A * Reading 4%s B '97. Read Jer Cn 4s ‘51 Rem Arms 65 A 37 Rem R 5% sA'4Tww Rhinelbe U 7s '46. . Rhine Ruhr 6s '5: Rhine West 63 'G: Rio de Jan 6% RioDeJan ext 8 R Gr Do Sul 83°46. Rio Gr W 1st 45’39 Rio Gr W clt 45’49, RIAT& L4 Rome 614 bk Royal Dutch 43 '45. Rumania 78 '69. ... StL IM R&G 48’ 5. St L&SF 48 A '50.. 1 BItL&ESF4%s 7 ¢ | cure increased economic stabilty. GOVERNMENT BANK CONTROL EXTENDED |Social Trend Report Also| | Notes Official Influence in Other Fields. | By the Associated Press. NEW YORK, January 6 —Extension | of Government control over banks and public utilities, and greater govern- mental influence in other fields is a general trend foreseen in the report of the President’s Committee on Re- cent Social Trends. | This conclusion is a major finding in the special report on economic organi- zation by Dr. ‘Wolman, economics professor at_Coluthbia University, and Dr. Edwin F. Gay, professor of eco- | nomic history at Harvard University. The special report is one of 29 chap- ters in the 1,500-page study of the President’s committee. “While no_elaborate development of | Government functions may immediately grow out of the current discussion of economic planning, or the bills in Con- gress providing for the establishment of economic councils, it is clear that public preoccupation with the problems of industrial stability and financial safety and with the Government’s part in achieving both is more general than before,” the economics report says. Economic Stability Is Aim. “It seems probable that control over | public utilities and banks will be ex- tended and strengthened. And at every | point in the contemporary scene the| suggestion_springs unforced from the| evidence that the future will almost certainly see a continuation of the ex- isting strong movement toward the| building of institutions aiming to se- |~ “Although 1t is true that private busi- | ness has by no means demonstrated its capacity of stabilizing industry and, what is more important, to come to terms with the public as to standards of service and price, the fact remains | that the goal of stability through con- solidation and agreement is now more | widely accepted by business than ever before, and that it is destined to play a dominant role in affecting the trend and purposes of business organization in the next years.” The repzrt cites statistics to show that there were ower 1,200 mergers in manufacturing and mining between 1919 and 1928, involving a net disap- pearance of over 6,000 independent en- terprises by the end of 1928, and some 2,000 more by the end of 1930. Over 4000 enterprises among public utilities were absorbed in the same period, and nearly 1,800 bank mergers caused the disappearance of an unrecorded, but probably large number of banks Similarly in the retall trade, by 1930 | sectional and national chains were transacting practically one-fifth of the total retail trade of the country, but in many retail fields the proportion was much higher. The report finds the| record of these chains in the depres-| sion as indicative of their great sta-| bility. ’ | Holding Company. ‘The report cites the holding company | as anotner example of the trend toward economic stability, eombination or agreement. For, example, 89 per cent of all electric power output in the | country comes from 40 utility systems: | 46 per cent of total gas sales: and 57 per cent of total traction service. “The public interest in stability,” the report comments, “and the convic- tion of business that stability can be | achieved by combination will no doubt further promote the consolidation move- ment. “Whatever the forms business chooses | | to effect its ends. the public's preoccu- pation will be with the invention and improvement of regulatory machinery, burdened with more difficult and puz- zling problems of social control than ever before.” | FOREIGN EXCHANGE. (Quotations furnisted by W. B. Hibbs & Co., Nom!nn! eoid ¢ checks 15y 5 London, pound.... $4.3665 $3.34% Paris. franc 50 c Berlin, Rome.” lira Zurich, franc. . Athens,drachma’ Madrid, peseta . Vienna, chilling . . Budapest pengo Prague. crown (n.) Warsew. Copenha si0. cro = Stockholm. crown Montreal, discoun ‘mark oty . crown StL SF 414s'T8ct st St L SW 1st 5852, StP&KCSL 434541 St P Un Dep 55 '72. Sao Pau 78’40, . | the Curb Exchange. Saxon P W 6148 '61 Saxon 7s "45. . .o Seah ALA4s st ct'50 Sinc 011 7s A 37 Sinc P L 5s " | Skelly O11 5345 39 oissons 68 ‘36. olvay Am 58 '42. . Sou Bell T&T 55 '41 Sou Pac col 45'49. . | Sou Pacrf 4s'55. | Sou Pac 4348 | SouP 43569 ww. | Sou Pac 43%s°81... Sou P&OT 4% SA'TT Sou Ry gn ‘56 Sou Ry 6s"94...... | Sou Ry gn 6s°56. .. | Sou Ry 638" Sou Ry M&O 4 | SW Be'I T 5s A '54. StOIINJbs 46... StOINY 4%s'51. Studebaker 6s 43. . | Sweden 634 s Swiss 51546 Tenn E1 P 63 A *47. Tex & Ark 514s'50. Tex & P 5s Tex & Pac5s D" Third Av 1st 5837, 3 | Tob P NJ 6148 2022 79 Tokio 5158 7 | Tokio EI Lt 65 '53. Union Kl L&P 58’57 36 UE&P 15t 6148A'54 Un Pac 1st 45 °47. . Un Pac rf 4s 2008 Un Pac 448" Unit Drug & S Rubbe StW 6 | UnStw6%sA51. | ast wekscsll Uruguay 6s '60. ruguay 6s '64. tah P& L 5s'44.. Utll Pw 68’59 ww, Utll Pow 5%8'47... Vanadium St 58'41. v Va Ry 15t 58 A '62. Va Ry & Pw §s " | VaSW 1sten Wabash 41518, .. Wabash 5s B'76 Warn Br Pic 6 West Sh 1st West El db b8 West M4 1st 4. West Md 5%48'77.. West Pac 55 A '46. . West Un cl tr 6538 West Union 58 '51. West Union 68 '60. West Un 6158 '36. Westphalia 6s ‘53 Wh Sew Mch 65 '40 Wil & Co 15t 6341, Wis Cent Tm 45'36. Yokohama 6s '61. Ygatn S&T 63 A’ -Xgstn S&T 58 B'I0. D. C., FRIDAY, CURB SHARES HOLD IN NARROW RANGE Utilities Maintain Their Lead- | ership With Slightly Higher Quotations. BY JOHN A. CRONE. Special Dispatch to The Star. | NEW YORK, January 6.—Quietness | and firmness marked today's session on | Public utilities, in point of volume, were the outstanding leaders, with Elec- tric Bond & Share, American Gas & Electric, Niagara-Hudson Power and' Long Island Lighting preferred frac- tionally higher. Citles Service, despite the favorable Kansas court ruling on gas rates, was a trific lower. Standard Ollnt:! Indiana opened up a shade. e week end treZe reviews emph: sized the fact that such gains as have been left from the Fall advance have been retained, with certain lines ex- panding, like tobacco, automobiles and ellied products, shoes and clothing. These views were bolstered by some firmness in copper, a slight improve- ment in paint, which was reflected in the rise of Sherwin-Willlams shares, and a gain of 82 per cent in the De- JANUARY ‘6, 1933. N. Y. CURB MARKET Stock and Sale— Dividend Rate. Add 00. High. Low. Close. Acme Wire vte. ... 6 6% & Alabama Pw pf (7) 108 64 Aluminum of Amer2050s 53% Alum Co Am pf(3).200s Alumn Ltd cum pf, 1 Aluminum Ltd. 1 Am Beverage. Am Brit & Con Am Capital pf... Am Cit P&L A (a3) AmCitiesP& L B. Am Cyanamid B Am EI Sc pt pt 40 Am & For Pw war Am Founders. Am Gas & El (11). Am Investment Am Lt & Trac (2) Am Superpower. . Am Super 1st pf 6. . Am Superpower pf, Anchor Post Fence. Anglo Chilean Nitr Arkansas Nt Gs A. Armstrong Cork. . . As El Ind Ltd k10c. Asso Gas&Elec (A) Asso Tel Utilities. . Atlas Utilities Atlas Util war. .. .. Atlas Util pf A (3). Blue Ridge Blue Ridge ¢ pf a3. BrazilanTL&P.. &F pf (1.60) Buff N&E 1st pf(5) Cable & Wire B reu Carnation Co. Carrier Corp cember sales of Western Auto Supply |-Cent States El Co., which had been discounted on the tape. Declaration of the regular common | quarterly by Eureka Pipe Line brought an opening advgnce of 4 points. Lone Star Gas braced as its senior shares | received the regular quarterly dividend payment. Consolidated AMining & Smelting of Canada, which just 29 before starting a recovery, today ordered the declaration of & stock divi- | dend of 10 per cent payable to holders of record December 31, 1932 Great Atlantic & Pacific Tea com- mon opened up 2 points. Swift & Co. turned active in response to its com plete annual report. Swift Interna- tional was a trifle easier. Grocery Store Products and a few other food distribu- tors tapered, H. C. Bohack was not at once responsive to its December sales report, showing a decline of 91 per cent from the same 1931 month. New York Cotton Special Dispatch to The Star. NEW YORK, January 6.—Opening | cotton prices here were unchanged to 1p 3 points today, as strength developed | in_Liverpool and Bremen. Initial quotations were March, 6.0, up 3; May, 632, up 3; July, 642, un- changed; October, 6.57, off 2; Decem- ber, 6.70, unchanged. BONDS ON THE CURB ) Caro! P& 1 Cent 1l RS 4Tas B 0 1Cit Srv Gs P 68 '43.. 61 1 1Com Ed 4%2s C '56. 101% 101% 101% 5Com Ed 4'2s E 100% 100 10 1 Ed 4% 10074 100% 1 813 00% 100 8. = NI" 943 04 g0% 693 # Mass Gas 0! Minn G&LU 4ias Minn _P&L 4! Miss Pw & G Miss Ry Riy NYP& 1 Nor Ind P 8 5s C 1 Nor Stat P 4'2s 5 Ohio Edison s 14 Ohio Po 425 D Ohio Pow 58 B Pac G&E 4's '57 4 Pac GAE 4'as F. ‘1 Pac Inv 55 A '48 OP & L by 3 481 4510 4l . 101% 101% 101% 76" 76 76 68un Pipe L 63 '40.. 12 8up of Tl 4145 '70 18witt’ Co 5s 44 59 70 2 Wes Tex U 58 A '57 49% FOREIGN BON 3 Bogot Mg BK 7 2 Cen Bk Co 65 B 10 Com Pk Bk 5tas * 10 Ger Con Mun s 11 Ger Con Mun 7s ' 10 Gesfueral 6is ‘53 ww 1 Medellin_Col 7s ' G 5 Russtan 51 1 Unit_Indus ww—With warr xw—Without wi n—New. wi—When issued. be- | fore the year end rose 8 points to 62, | having declined from a peak of 89 to | Cent Sta Elec Cities Service Cities Service pf. .. @ities Sv P&L $7 pf-50s Clev Elec Tllu 1.60. 1 Col Oil & Gas vt, €omwlth Edis (§ Comwlth & Sou w stock Tunnel orp. torroon & Rey pf a Cosden Ollcod. .. Cresson Cons(klc) Crocker Wheeler. . Crown Cork Intl A, Darby Petroleum. . Deere &Co........ East G & Fuel Asso Easy Wash MchB., 2 Bd & Sharepf6. 5 Bd & Share b6 % . 198 1 2 1 hare pf ww. . 31 ka Pipe L (4).100s Europ Elecdebrts. 1 Federated Corp 3 Florida P & L pt(7) 1258 30 Ford Motor Ltd. ... Foundation For Sh Franklin Mfg. . General Aviation Glen Alden (oal. Giobe Underw Goldfield C 5 Goldman Sachs rham Inc pf. aymur Corp (1). Hollinger Gid t76c. Hudson Bay ) Hydro El Hygrade Food. Im) Ofl of Can 50c. InsCoN Am (2)... Insurance Sec. Int Petrol (1) Int Util A.. Int Util B. Interstate E Interst Hos (k65c). Irving Air Ch (40c) Lake Shore (13). Lone Star G bé4c. $ 10 Long Isl Lt pt (7). 50s Mavis Bottling A.. Memphis Nat Gas.. Midl West Utilities Mid Wevpfnxw.. Moody’s Inv pt pt 3 Mort Bk Col Am sh Nat Aviation, Nat Bellas H Nat Invest war.... & Nat Pw&Lt pf (6). 2008 Nat Rubber Mch... 1 Nat Transit (80c). 1 New Eng Pw pf (6) 30s 4814 Grain Market By the Assoctated Press CHICAGO, January 6.—Almost cents a bushel jump in quotations on May wheat contracts resulted today largely from speculative purchases to anticipate expected price fixing by Con- gress. An amendment to the proposed do- mestic agricultural allotment bill before the Lower House of .Congress would have farmers receive the difference be- tween the market price and an arbi- trary price of 75 cents paid them at the ‘end of the current crop vear for wheat still in their hands. The wheat | trade gave little attention to news other | than regarding developments at Wash- | ington. Wheat closed strong, 1%-17% above Y i -35 up, oats : advanced and provisions showing 5 to 7 cents gain WHEAT— Open May ....... 463 July September U. 5. TREASURY CERTIFICATES 45 June Sept. it 1 A pair of George III silver sauce boats were sold in London recently for $205. Building and Loan Institutions Market Averages By the Assoclated Press. BoEBOSS 558 e Jekkoec 2RI 2050 2! 83322 &P En #e eo@EanS2RBEBRC s Sitina o monE Ea s b = 2Zazoasa300: BESEIRRS2333 < avoant 2 HAVE OPERATED IN THIS NATION FOR OVER 100 YEARS, 42 OF WHICH THE NA TIONAL PERMANENT HAS SERVED WASH- INGTON. AMP £ R & LB U T Stock and w Jersey Zinc 2. wmont Mining. . Y Steam (2.60).. Y Tel pf (63%). .. ag Hud Pwr 1.20. ag Hud (A) war. ag Sha(Md)B 20¢ les-Bement-Pond Novadel Agne (5) .~ Qhio Copper. . FINANCIAL. Sale— Dividend Rate. Add 00. 1 29% 3 17w 5 43 508 116% 6 16% 6 b 3 5% 2 54 5% 39 4 45 Ohio Oil cm pf(6).. 28 Pac G&E 1st pf 134 Pac G&E pf 1.37%. 1 Pacific Ltg pf (6)..825 Pan Am Airways. . Penroad Corp. . Penn W & Pw (3).. Phil Morris Inc. Phoenix Secur pf. . Pilot Radio Tube A Ploneer Gold 24c. . Pitney Bow P bi%. Propper McCallum. Prudential Inv. ... Pub Util Hld war.. Pub Util Hidx w. . Pub Util HId ¢ pf.. Puget 8d P&L pf 5. Reliance Int A..... Reliance Manage. . ‘St Regis Paper. ... Salt Creek Prod (1) Sec Allied Cp(k25c) Seiberling Rubber. Selected Industries 11Ind all cfs(5%) ntry Saf Control awin W&P (50c) Sherwin-Wms 1% . Stlver King Coaltn. uCal Edpf A 1% u Cal Ed pf B 134 Sou Cal Ed pf C 1% Sou Pipe Line(60c) Stand Ofl Ind (1).. Stand Oil Ky 1 . utz Motor C vift & Co..... wift Internatl( SylvaniaGmLtd 4¢ Technicolor. ....... Tech Hughes (60c) Texon Oil&Ld 1114 Trans Air Trans. .. Trans Lux DL P § Tubize Chat Corp. . Tung Sol Lmp pt 3. Utd Car Fast (40c) United Founders. . United Gas. Utd Gas war. ..... Utd Gas pf (3%).. Unit Lt&Pwr (A).. Unit Lt & Pwr pf.. U S Elec Pwr ww. . United Stores vtc. Unit Verde Ext 40c. Util & Industrial. . CulP&Lt Waitt & Bond (B). Walgreen Co (1).. Walker Mining. West Auto Su A uarterly or sem! G Barlhe & Payable in cash or Sock, in stocl Feius a5 k. SAFE Over a Third of a Century Without @ Loss to an EVIDENCE OF THE SOUNDNESS OF THE PLA INQUIRE FOR DETAILS. Semi-Annual Dividends PE‘;MAN EflT DING ASSOCIATION A9-92 ST NW.g o Investor THERE -anaual 1Partly extra. 1Pl st 3 West Mass Co 2.40.225s Dividend rates in dollars bs payment. *Ex | us 4% in stock. | e Adjustment diviaend. k. gPlus 6% in stock. 3 in stock ock. m Plus $% In s6ock Equitable Co-Operative Bldg. Ass'n H % % JOBN JOY EDSON, President g H High. Low. Close. 29% | 45 A—15 PLUMBING INDUSTRY HAS GOOD PROSPECT New Construction and Modernizing Expected to Result in Equip- ment Orders. %3 | I3 By the Assoclated Press. 53| CHICAGO, January 6.—From tiy 5% | plumbing and heating industries comq 9 |a confident note of expectation thd combined sales in new construction an{ modernizing for 1933 should equal, 1 not exceed, their volume of 1932. | Major reasons why these branches the construction industry see promiq in the new year's business were outs Knned today by Norman J. Raddeg secretary-manager of the Plumbing an{ Heating Industries’ Bureau. One demand for plumbing products he said. would be created by many self- liquidating water works and sewerage projects, financed by the Reconstruction Finance Corporation, which will be com. pleted this year. “And the fact that the first loax hed 35 | 20% | made under the home loan bank ac 21, Was a remodeling project is sig- * | nificant, because replacement of obso- | lete plumbing and heating equipmen ™ | is a necessity in any modernizing pro 4% gram,” Radder declared 7% | * Finance agencies seeking loan outlety 2 |to take the place of sutomcbile loans 1% | he explained, are turning to modern- |izing "of commercial and industrial ' | butldings, which would involve large. lg‘- | £cale purchases of plumbing and heat. 2 2% ing equipment. 19% gy 1081 (onsolidated Gas Refinancing. | _ BALTIMORE, January 6 (Special) — | New financing by the Consolidated Gas Electric Light & Power Co. of Balti- more met with signal success yesterday The additional issue of $5,000,000 o the company's first refunding mortgag: sinking fund 4 per cent bonds, due 1981, were offered at 97'. and accrue interest, to yleld 4.12 per cent. Th¢ issue was heavily oversubscribed ant the bonds immediately sold at a pre mium on the open market, 987; being b]ld e!gr the issue shortly after the booki closed. FIRST | MORTGAGE | LOANS In the District of Colum-r bia and Nearby Maryland! and Virginia | WEAVER BROSi REALTORS Coresponggnt of "the Metropolilan Life Insurance Company Washington Building District 9486 | 0 Organized 1879 53rd YEAR COMPLETED i i i i i WALTER 8. PRATT, Jr., Secretary $6,251,006.24 Subscriptions for the 104th Issue of Stock Being Received SYSTEMATIC SAVING Always yemember it s not what you earn, BUT WHAT YOU SAVE THAT COUNTS. The Equitable is helping hun- dreds to become financially recognized thru their Systematic saving plan. saver thru this plan? today. 915 F St. N.W. g 0 0O Are you a If not—then join Capital and Surplus, $3,500,000.00 The More You Bank —against “rainy days,” the {arth:l’ away want .nd wor- ry l'eccde s t}le nearer op- portunities come. ® This staunch old bank makes it easy for you to be- € gin saving — profitable for you to continue. ® Interest paid on Savings and Checkmg accounts. NATIONAL SAVINGS & TRUST COMPANY The Oldest Savings Institution in the District of Columbia Corner 15th & New York Ave. P RSUT MORTGAGES CONSIDER CHARACTER when you are making investment, and in that connection our 69% FIRST MORTGAGES should appeal to the most conserva- tive because for more than a third of a century they have enjoyed the reputation for sound investment. We are extremely careful in the ap- praisal of the improved Wash- ington real estate properties which are offered as mortgages. for these remains security The interest unchanged. May be purchased in amounts from $250 up. F. SAUL CO. National 2100 925 15th St. N.\W. IS NO SUBSTITUTE FOR SAFETY