Evening Star Newspaper, January 9, 1933, Page 15

FINANCIAL. - BONDS IRREGULAR 1IN QUIET MARKET Many Issues Continue to Dis- play Strength, but Profit - Taking Appears. Lib3%s32-47... Lib 1st 4348 32-47 Iib 4th 434 s 33-28 US3851-65.. 000 | US3%s46-49 US3%s M4l US3%sT40-43.. US3%s43-47 JUSB%!!G-5G . TS 48 44-54 US4%s47-52 BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, January 9.—There was not quite so much snap to the bend market during portions of today's ses- sion as was shown at the end of last week. However, strength continued in numerous issues along with profit taking in others, with a transfer of activity into different groups of domestic and foreign securities that for some time had been dormant. The feature of the industrial list was | | | | Abitibi P&P 5 Alleghany | Alleghany Ve Allegnany s " Allis-Chalm AmF P 552030, Am Intl 515849 ! Am Sm&Ref 5s 47, ‘Amsul:neffi 37. AmT&T 414339, the sudden rise of 5 points in United | Am T&T c tr 5s'46. . This was| Am T&T deb 5s°60. 5 per cent debentures. his v [ e T e e s Drug accomplished on moderate transactions and repco\'ered the net loss of last week, Am T&T 5128’43 his issue vat Wi :lht:rn tl'nving had a steady advance | Am Wat Wks 6s from 42. United States Rubber 5s rose | Argentine "over & point, National Dairy Products Argent6s 61 May §Y,s were strong and Docge Brothers Argentine s '59.Ju “@s duplicated their previous high for Argentine Gs this year and last a: 90. Argentine 65 A" In ‘the public utility list there was | Argentine G’,"y. further accumulation of the second | Arm & Codlss 30, grade and speculative issues at fraction- Arm Del 513 Iy higher prices. The | 43 (.)} ’;h:‘powe':‘ and light operating com- | Al“h(?on 4‘,,!'? panies maintained the price n\'ernge‘:::srl_r!‘: R T, [AUCTun 1y There were numerous good gains in | e FrEy the railroad list. Great Northern 5!us | ::1 o e rose 2 points, Northern Pacific 6s were “A‘”"n"a % up a point, Chesapeaks & Ohio 4'os |20 0 1) gained 2 points and Southern P-dfir‘Aunr;niu 5857 4145, New York Central 4155, Chicago & 2 g Northwestern 4%s, Baltimore & Ohio | refunding 5s and Missouri Pacific gen- eral 4s gained anywhere from 4 to a point. Among foreign dollar bonds there was cons!derahlgosggc\kla(lvf ::lyligue);l | faulted South Americ . | 65 C OF these. Chilean ana Brazilian obliga- | B&0Sway tions were most in demand. Chilean | W& G Toledo fx Government 6s rose nearly a point and | Ba:‘ ’;rnn! 48751, have had a 50 per cent appreciation in B:l lIV '; 4’55; 42, about a week. Their present price of Belghli"‘ 6: 9 compares with a low last year of 31:. !dim: h/g i Brazilian 6'2s rose over a point and Balgiam 73'25 have rallied 4 points from their low. Bell Tel Pa bs 48 Other municipal and provincial South | g, 70y 57 25 ceo American loans were strong. There Benet 1. o‘n~6.'w . was a report that some compromise B"”“(:yfl e might be effected with bondholders. | peftl C ) 68 65+ Argentine 6s were again heavy. Ger-|pern AR S0 .0 mans were steady. Australian and | pooin oy 6!2 Lo United Kingdom bonds were lower, but . - Beth Stl pm 55 '36. Canadian Government 5s sold abOVe | geth stlrf 55’42, . 75 B&O 4% i P& O st & O ref B&OT! 6 ar. > The United States Treasury loans | were generally higher. The 3s advanced 3, and the 3!4s the same. The high premium made smaller gains. Brokers’ Comment NEW YORK, January 9.—SOMe| propen‘ " brokers today expressed the view that| pyjvn mqse A’y improvement in the bond market Was: pyjyn Elev 1%s a cue for higher priges in the share| py)vn nangs A 68 market. Others, sounding a note of | pyjvn UnGasss' caution, suggested that a sustained| giivn Un Gas 5550 rally was dependent on constructive | Rxiyn U news from Washington. | Budapest 63 '62. . 8 % | Buenos A R 6s'01. Shields & Co.—A cautious policy 1 ould be followed, with profits ac-| B R &Pitts 434s'57 cepted whenever periods of active ral- lies ere experienced. | Calif Packing 55’40 —— Canada 43 ‘60 Hamershlag, Borg & Co—We feel| Canada4%s that more definitcly_constructive news | Canada 5s ‘52, must come from Washington before ' Can Nat Ry 414551 real confidence can be felt. |;:nn Nat Ry 4%5'56 ey | Can N: v 41 Thomson & McKinnon.—The action | Can Nat 43 65° of the bond market, together with that } Can Nat Ry 4% 555 of grain, should contribute to the Tal-| Can Nat 53’63 July lying power of stocks. | Can Nat 58 '69 Oct. Redmond & Co—Some trade im-) an Nat o provement or_outstandinely - construc- | (U TOT 245 tive news must cevelop shortly if the | <27 ~\.°'d b;& 40‘- advance is to be maintained. Nor deb 75°40. s | Can Pac db 4 Frazier Jelke & Co.—The improved ¢ Boiivia 7869, Bolivia 83'47. .. Bordeaux 6s '34. . Bos & Me 4% 617, ‘an Pac 414846 tone in the market is decidedly en-|Can Pac5s'44 et couraging, particularly since it is sup- | Can Pac 5s'54. ported by a much improved bond | CarClin&o Cent Ga cn 58 . T LT e muketdand gn'the ing strength in the ‘ ent 111 Epey | Cent Pac 1st 4549, | Cent Pac 5s°60. | Cen Ry NJ gn 58’87 | Ches Corp 55 47.... C&Opgen4tyssz, C&O4%sA 93, 04%sB con 5s " Washington Stock Exchange SALES. Anlco:;il & Potomac R. R. 55—8$1,000 at 45, Capital Traction 55—$1,000 at 52%%, $1,000 at 52%5. i Capital Traction Co.—15 at 10. UNLISTED DEPT. /Washington Gas 5s 1958 (w. i.)—$1,000 at 947, $3,000 at 947, $4,000 at 9415, $2,000 at 947, $500 at 941, $500 at 941, 10,000 at 9475, $10,000 at 9414, Bid and Asked Prices. | Chi Grt West 458" CM & StP gn 45’89 Chi M & StP 4%s C Chi M&StP 4 E. CM & St P adj | cnleN © | Chi&NW rf 55 2037 Chi RI&P gn 4s'88 Chi R1& P 4%s'52 ChiRI14%8°60... | Chi Un Sta 474563 Chi Un St 5: Chi Un Sta 3 el. Capital Trac 5 | City & Supburban '5s.... 4 | iGeorgetown Gas 1s : 100 N ios " 65, series B ‘Wash. Rwy, & Elec. 4 MISCELLANEOUS. 90| Childs deb 5 | Chile 65'60 Chile 6361 Chile 63’61 Jan. Chile 63’61 Sept. Chile 6% '62 Chile 75 '42 Chile Cop db 55 °47. Chile Mtg BK 6861 Chin GvtR Cin Un Trm 5s COC&St L 4158 CCC & St Lis Clev Term 5 bias Country Ciub 5° T Mig. Us. ‘Wash. Mkt. Cold Storage s STOCKS. PUBLIC UTILITY. Li . & W. Steamboat (% Pot. Elec. Power 47 Elec Pw:. b k. Ry, & Wash. Ry. i The following figur: Saint bids.. but £os fxed BY | co1omb 6561 Jan. Colomb 65 61 Oct... e Washington Stock Ex Min. price. NATIONAL BANK. (8) (ig) Capital Columbia Commerc} District ( 3 Fed -Amer, Na{l. Bk. & Tr. Liberty (i) ... .... Lincoln (10j.[1" . Metropolitan *(10)". Riges (15 jecond (1) ‘Washington (8) TRUST COMPANY. gmped) (6) Con Pwr Jap 61 Con Pow Japan Ts. | Conenhag 4145 Copenhag 5 Cuba 53 Cuba ¥ | Del&Tiua ret | Dei & Hud c Del & Hud 5 Del P'w& Lt4135'T1 Denmark 4125 " | Denn ) | Denver Gas 5s'51. D & R Gr en 48 '36. D&RGW 5855, D&RGW5s'78.. Det Edison rf £ | Det Edison £5'52 | Dodge Bros 6: Donner St17s'42, . Duquesne 4% A ‘67 Erie gen 4s'9 Erie 4sB'53.. Eri Erie ref 5s 25, | Fiatdeb 7546 2% | Finland 5%s'5 00 | Finland 6%s ‘5| 20% | Finland 7s 50. | Fisk Rub 8541, Fla E Coast 5 ! Fram Ind *Eis extra % extra, 5% extra BOND UNITED STATES. (Sales are in $1.000.) ‘11013 Sales. High. 53. 2 14 AmIGCh5%s'49, dropped from 65 to 60 Am Wat Wks 5534 top grade bonds | Atchison gn 4s°95. & Chi RI&P rf 45 '34. 3 2:55. l 102 20 102 23 103 21 98 20 Low. 102 20 102 20 High. 102 20 10224 103 23 27 9931 . 10213 10213 10: 11012 Low. 2:55. 4 14 891 274 21 1014 4 26 26 36 i 102 10 3 34 804 81y 84% 1051 1064 1064 1071 107 108% 94 70 1061 10744 106% 108% 927 101% 704 5% 5% 80 688 102 301 29 U 8d4s, 6 14 o [YPS SHOF AU ¢ | Penn 4125 D'70.. 9874 102 102 8914 59 104% 100% 993, 123 1261 2 126%_126% | Penn gen 55 '68. . | Peru 65 '60 ON NEW YO 'STOCK EXCHAN Recelved by Private Wire Direct to The Star Office. Sales. High, Low. Gelsenk’hen 68 '34. T4 kid 100% 101 102 102% 65 2 69% 61% Gen St Cas 5%s'49 Gen Th Eq 6s {0 Ger Cent Bk 68°38. Ger Cen Bk 65'60 J 47 Ger Cen Bk 65°60 O 64 Ger Cen Bk 7s'50.. 7 Ger Gen Elec 6548 18 Ger Gen El T 5 Ger Gov 5%s'65... German Rep 78 '49. GoodHopeS&I 7s'45 Goodrich 6s '45 .1 Goodyr Rub 58'57. . Grand Trunk 6s '36 Grand Trunk 7s 40 Gt Brit&Ir5%s'37 Grt Nor4%sE Grt Nor5%sB Grt Nor gn 7536 Halti 6s'52. . Hudson Coa Hud & M adj 7. Hud & M rf 55 °'57.. Hungary Tizs'41.. | Humble Oil 55 '37.. 111 Bell Tell 55 °56.. il Cent cl tr 45 '53. Int Rap Tr 65 Int Rap Tr 753 Int Cement 5 Int & Gt N 5s Int & Gt Nor 6 Int& G Naj 6s Int Hydro Int Pap re Int Pap 6 Int TeI&T 4% IntT&T 4% . 3 9 Int T & T 58°55.... 3 204 Italy 7s'51.... 100 Italy Pub 7552 93 Japanese 5148 " 48 LY 18 53 1047 57 24% Jugosl Enk Kan C F S&M 45'36 Kan C P&L 435 ‘61 Kan City Sou 35’50, Kan City Ter 4s'60. b Kan G&E 4145 '80.., Karstadt 65 '43. 2 Kresge Found 636 Kreug & Toll5s'59. Laclede Gas & Laclede 5%s C'53. Laclede 535 D '60. Lake Shore 3128'97. Lautaro Nit ‘. Leh Val cn 4s 2003, Leh Ven 415 2003, Lig & Myers 55 '51. Lig & Myers 7s '44. Loew's 65 '41. Long Is] rf 4849 Lorillard 5= '51 Lorillard 7s '44 La & §rk 55 6! Lou G & El 58 A'52. : N unf 45 '40 34 0% 111 9315 634 6. 80 4% 63 6515 Lyons 6s'34 McKes& R 5 Manhat Ry cn ket St 7s A '40. Marseille 65 '34 Midvale Stl 55 '36 Milan 6145 52 MIl E Ry&L Mil E Ry&L MSP&SSM ¢ % B 208, T4 105 93% 87% 84 80, MK&THSA MK&T4sB Mo Pac gn 4s” Mo Pac rf 5 Mo Pac is F Mo Pac 55 G '78 Mo Pac bs H '80 Mo Pac 55181 Mont Pwr 58 A '62 Mor&Co 1st 414539 Nassau Elec 45 5 Nat Dairy 5%5'48 Nat Steel 53 '56. NEnzTi1st N J Power 46s '60 NOT&M5s B'54. NOT&MG5%s 54, Nw S Wales 5: Nw S Wales 5s NYC3%s'97 N Y Cent db 4s5'34. N Y'Cent 45 '42 N Y Cent 4s'98. . Cr N Y Cent db NYCLS 3%s'98... NYC&StL 1st 1, | Special Dispateh o The Star. -', cific Tea common at one time was up 348 | 1 CURB SHARES FIRM . IN NARROW RANGE |utilities, Food, Motor and Specialty Groups Fea- tured in Trading. i BY JOHN A. CRO! NEW YORK, January 9.—The Curb| Exchange maintained the gains that ‘lnmated trading. Public utility, food, | | motor and specialty shares featured forencon trading. Electric Bond and | Share firmed. Great Atlantic & Pa-| 6 points. Stutz Motors was the most | active motor stock. Cities Service was | not much changed, which also was| | true of Standard Oil of Indiana. - The Curb Exchange announced that total short interest as of January 3 was 36,634 shares, or a decrease of 8,125 from the short position reported De- cember 5, 1932. Aside from the week end trade reviews, which continued | cheerful in tone, there was little gen- | eral markst news. The spurt in Great Atlantic & Pa- cific Tea followed the company’s an- | nouncement as to how it had cut dis- | tribution costs in recent months. Gra | mur Corporation, feature of the invest- | ment companies thus far this year | in point of appreciation, today reported | liquidation value of $23.21 a share on December 14 last, against $23.96 at the 1931 year end. | The recent rise in Interstate Hoslery | | Mills forecast today’s announcement that 1932 shipments were 77 per cent | over 1931, with December shipments 88 | per cent ahead of the same 1931 month. | Bigelow-Sanford Carpet, rather inactive | in recent sessions, stated today that it | had orders for production of 40,000 yards of carpeting for hotels and steam- £hips and expected additional bookings | from such sources. | Some of the cigarette shares, such as| Phillip Morris, sold off as a few of the | | cigar * manufacturing _companies, like | | Waitt & Bond B, firmed. Walgreen | ! was the only drug chain to report cor- | | porate developments, its December sales being off 109 per cent from the same | 1931 month. Parke-Davis continued its | rise. ~ Woolworth, Ltd. at times was | down_about a half. point. | Gold Shares were steady but dull. As | | expected, Hollinger paid the regular monthly dividend. United Verde Ex- tension reported December copper out- | put of 2,908,322 pounds. Newmont Min- | ing firmed. Following a protest by the Montreal Stock Exchange. its primary | | market, Consolidated Mining & Smelt- | ing changed the date of record for dis- | | tribution of the 10 per cent stock divi- | dend from December 31 to January 12 | New Jersey Zinc inclined to heaviness. CHICAGO DATRY MARKET. CEHICAGO, January 9 (#).—Butter. 19,197 tubs; unsettled; creamery specials (93 score), 21a21'y; extras (92), 20! extra firsts (90-91), 20';; firsts (88-89), 20; seconds (86-87), 19a19'%: standards | (90, centralized carlots), 20%. Eggs— 5135 cases; firm; extra firsts, 31! | fresh graded firsts, 30'2; current re- | | celpts, 27a2¢ SILVER QUOTATIONS. NEW YORK. January 9 (#).—Bar { stiver firm, 14 higher at 25%. Sales. High. Rhine West 6s'52. 65 Rhine West 65°52.. 2 Rhine West 6i | Rhine West 7s Rich Oil Cal 6s '44 Rio de Jan 6148 '53. RioDeJan ext 85'46 R Gr Do Sul 6s'68. R Gr Do Sul 85 *46. Rio Gr W 1st 4539 Rio Gr W clt 4549, |RTAr& L 4%s°34. Rome 615s'52 8080 Royal Dutch 4s Rumania 7s ‘59 StL IM R&G 45" t L&SF 45 A '50 tL&SF4%s St L&SF 58 B'50 StL SW 1st 68 StP&KCSL 415841, St P Un Dep 58 '72. Sao Pau 78 '40. Sao Paulo 8536, | Sao Panlo 8s '50. iaxon P W 618 73, | Serbs-Cr-817 NYEdrf6lks 41. N Y EL H&P 4549 NY EL H&P NY NH&H 45 67 NY NH&H 65 '48.. NY O&W gn 45 '55. NY O&W rf 48 '92 N'Y Steam 58°56. .. NY Telgn 4%s'39 NY W&E 4345 '46 Nia Sh Md 5850, Nor & Wn cn 4s'06. Nort&Wn div 45'44 North Am Co 58 ‘61 Nor Am E . 100 10014 868, Nor Pac gn 35 204 Nor Pac 45 '97 Nor Pac 415 2047.. 4 Nor Pac r{ 652047, 3 Nor St Pw 55 A "41. Nor St Pw 6s B'41. Norway,6s '43 Norwi 6s" ohio Pub 7% Orez-Wash 456 Orfent Dey Orfent Dev 6 Owens 111Gl 102% 86% 42 4% 101% 10674 106% 108% Paramount 6s ‘47 16 -Pub 5%’ Pathe KExch 7s'37 Penn sta 45 '48. Penn4%s D81, Penn cn 4%s '60 Penn zn 4148 1081, 83 661, 83 828, 9015 1011, 81 Penn 43,563, & 1001 79 9515 104% Penn 6135 36 104% 38 B Peop Gas ref 5 Pere M 1st 58’56 by 8914 9915 Peru 6561 Phila C Phila Elec 45 '7 Philippine R 4 Phillip Pet 5% Pilish F M 6543 PCC&SL 4148 ( 1021 kid 82 P&WV 414 Poland 6s° Poland 78 '47.... Poland 8s'50.... Port Gn El 4%35°60 Porto Alegre 8s'61 s Tel & C 58 ‘53 6015 12 26 68°52..... Prussia 6%s'51. .. Public Serv 4s'71 Pub 8v G 4%8'67 Pub Sv G 414570 Pure Of 514337, Pure O] 53540, Queensland 65 '47 Read 4%s A '97. Reading 4%s B 8% 10013 “ I Rh Rhine Ruhr 68 '63.. 18 | Shentu 0 Shinyetsu 6 Sinc Oil ne Oil | Sinc P L 55 5 Skelly Of1 514539, Sou Bell T&' Sou Pac col 4 Sou I'ac rf 45 '55 Sou P'ac 4%5 '68. .. Sou P 415360 ww. | Sou Pac 434s'81. .. | Sou P&OT 415 8A° Sou Ry gn 4s A'56... Sou Ry 55 °94. Sou Ry 61856, ... Sou Ry M&O 4s5'38. SW Be'l T bs A '54. StOINJ 55 46 StOINY 4% s Studebaker 65 '42. . wiss 5148 '46. Taiwan E P 5%s'71 Tenn Cop 65 B 447, Tex & Pac b ex & P 58 C Un EIPSL ref 55'33 1 | Unjon El L&P 55°57 49 Un Pac ist 4547 Un Pac 4s'68...... Un Pac rf 48 2008, Un Pac 43 UnPlstr Unit Drug & . | U8 Rubber 3 °47.. UnSt W 6lisA'S | Un St W 6148 A'S | Uruguay 6s'60 Uruguay 6s '6: | Utah P Util Pw { Ut Pow Vanadium | Vienna 6s°52.. | va-E1&Pwr 51 & 101y 104% 997 83 90 90 10214 3| VaRy 1st5s A" Va Ry & Pw bs Va SW 1st cn 55 '3 | Wabash 1st 5539, | Wabash 5s B 76 | wabash D2 | Walworth 6s A Warn Br Pic 6539, w1s's8. | we West Union 55 '51. 1 West Union 58 '60.. Westphalia 6s '53.. WEO5%s'37 ww. 40 Wil & Co 1st 65 '41. Wis Cent Tm 4s'36. Yokohama 65 6 Yestn S&T 58 A'78. Ygstn S&T 58 B'70. FINANCIAL. Afr Investors war. . AirInvevpf...... 1 Alabama Pw pf (7) 100s Allied Mills 1 Aluminum of Amer600s Alum Co Am pf(2).150s AmCltiesP&LRB, 5 Am Cyanamid B. Received by Private Wire Direct to The Star Offiee. | Mangel Strs pt Special Dispatch to The Star. NEW YORK, January 9 (#). Stock and Sale— cotton prices here today were up 6 to § Dividend Fate.. . Add 00. Hlen. Lake Shore (13)... 10 20% Lerner Strs pf ww. 50s 23 Lone Star G bede.. 10 7% Long ILcm pt B 6. 258 70% . 258 9% 3 2 258 70'% 2 L Liverpool and the Bremen. Opening prices were: March, 6.24, up 9% | 8; May, 635, up 7; July, 6.47, up 7; 2 ;October. 6.68, up 8; December, 6.80, up 6. T0% | w| FREIGHT LOADINGS OFF. Mass Util Asso. ... Met Edison pf (6). Mid Sta Pet vte B. 1 points as a result of good demand in | strong close in/ A-15 First Mortgage Loans »23 Money on Hand to Loan on First Deed of Trust 6 %o Interest Reasonable Commission and | Asso Tel Utilitie: | B! Bd & Share pf 6. | Hydro Elec Secur | Tmp Oil of Can Mount & Gulf... Mountain Prod 80c. Nat Aviation. Am Founders. . Am Gas & El (11) Am Gas & E pf (6). Am Investment. Am Lt & Trac (2 Am Superpower. . . Am Superpower pf. Amsterdam T k2 Anchor Post Fence, Arkansas Nt Gs A A= El Ind Ltd k10c. Asso Gas & Elec... 1 Asso Gas&Blec (A) 12 14 3% i .6 TH TH TW| Nat Bellas He: ..1036s 1% 1% | atFucl Gas (1).. 2 13 13 | Nat Pw&Lt pf (). 100s 68% 6815 | ew Bradford Oil. 3 % | New Eng Pw pf (6) 108 4! A8% ew Jersey Zinc 2., 2 2 29 | Newmont Mining.. 2 1% 17 Ag Hud Pwr 1.20. 19 16% & Hud (A) war. Niaz Sha(Ma)B 20¢ { Northern P L(50c). Atlas Utilities 9 8 | Atlas Utll war OfSoic eDpar 3 Atlas Util pf A (3). Ta0 G 15tRE 11k 6% Benet Ind T.on Fenroan M Blue F .es Penn P 9.’&.‘ | Phil Morris Tne 2 Pilot Radio Tube Pioneer Gold 24e. . Pitney Bow P b4 %, 15 8% 9 15% Bl n 1% Burma rets ( Butler Bros. Bwana M'Kub C | Prudential Inv. . Pub Util Hid war. . Pub Util Hid x w Pub Util Hld ¢ pf., Pug Sd P&Lpf k314 Puget Sd P&L pf 5, Canadian Marconi. Cent Pub “ent States Blee nt Sta ELpf (7). 258 Childs pf. 30s Cities Service. . &7 Cities Service pf. 1 ervice (B). 1 c Illu 1.60.,, 1 N 1Mupt (). 1 & K ev pf( R R Shares Corp Reybarn., Recis Paper pf.. al Lock & Hrd. . lected Industries Select Tnd pr( Ifridge Pro S kéc enandoah Corp. . erwin-Wms 11; . Singer M outh Penn Oil (1) 1 Ol Ind (1) nd Ol Ky 1,20 Stand Oil Ohio pf 5. 2 | Stand P&L pf (7)., Stutz Motor Car. Sunray Oil. ... Swift&Co..... ... Swift Internatl(2), 215 | Taggart Corp. 214 | Technicolor oy 11 | Tech Hughes (60c) 19% | Tob Prod Exp(10c) 41%, | Trans Air Trans. .. 393, | Trans Lux DL P §. 3%, | Tri-Cont Corp wr., , Tubize Chat Corp. . 4 10 78 C Con Comstock Tunnel. . Gas Balt 3.60 1 Retail St Cord Corp. den Ol “osden Oil ¢ o Cuban Tob vtc. . Deere & Co. .. De Forest T Detroit Aireraft Dubilier Cond & R. 208 Kast States Power. 3 El Bd & Share pf 5. Elec Pwr As(A)60e 2 Elee P&L Pr(A). 508 Tlec Share pf ww.. 3 Jureka Pipe L (4). 50s rop Elec deb rts. Union Am Tnvest. . | Un Gas of Canada. | 17t Corp war 'nited Found Rederated Corp. ... ¢ United Gas. . JFord Motor Can A Ford Motor France Ford Motor Ltd. Utd Gas pt Tnit Lt&Pwr Tnit Lt & Pw Uta § s General Aviation. Gen El Ltd 20 2 Goldman Gorham vte (1)... Graymur Corp (1). Great A&P n-v(17) 160s A &P Teapf (7) 30s Gulf Oil of Pa.... Hecla Mining. Horn & Hardart Hudson Bay Min. Utah Apex. |vtlP&LL.. (UHIP&LBe Util&Indust | Waitt & Bond (B). Walker (H) pf (1), Willow Cafeterias. Wilson Jones 7 Wool Ltd k25 1 1% 1% 11% Wright Harg 12 3 3y 9% Dividend rates in dollars based on last quarterly or semi-annuzl payment. #Ex 15| Cividend tPartly extra. :Plus 4% in stock. S oit|aPavable in cash or stock. 10% 10'3 | stock. e Adjustment dividend. 1 1% | in stock. * & % 3is 1 8% 11 . c. Oc. . ImpT GB&T k7. InsCoN Am (2). Insurance Sec Intercont Pete. Int Petrol (1) Int Util B. Interstate Equities b Payable in | £Plus 5% h Plus 1% k Plus 10" n Plus 8% | o rezular rat g Plus 6% in stock. JPlus 2% In stock m Plus 3% in stock Paid last vear. in stocr. [ in stock. umburg in stock. Prompt Replies to Applications JAMES F. SHEA 643 Indiana Ave. N.W. By the Assoclated Press. | The American Railway Association | announced today that loadings of reve- nue freight for the week ending Decem- | ber 31 were 406,779 cars, a decrease of 87,871 cars from the preceding week, and 95948 compared with the corre- sponding week in 1931. T Optimistic on Steel. NEW YORK, January 9 (#).—Re- calling the comment of numercus steel producers last year that production had declined to a “below replacement” level, Wall street is fairly optimistic on the steel industry outlook for the first half of the year, believing that output will show a measurable increase over the present subnormal rate. ENTERPRISE SERIAL BUILDING ASSOCIATION Tth and Indiana Ave. N.W. LOANS On Improved District of Co- lumbia Real Estate Security 69th Series of Stock Now Open for Subscription i James F. Shea, M| S | Merchants. | AQ 1@ IQLIEEY When you know the bost merchants EOOK[‘:?RM(;VD GO?) I)}Fum sre members of trade associations ] with high standards of ethics and |I| jpes woodward Bld; principles in merchandising, wh: . i not buy life insurance from the life |f | underwriter who is a member of the Life Underwriters’ Association? District of Columbia Life Underwriters’ | REAL _ESTATE _NOTES ~ YIELDING 6% | INTEREST TYLER AND RUTHERFORD. INC. ~First trust notes well secured on detached. modern residences. for sale 8t and._accrued. fnterest. 20 K8t N.W. NA. 0475 FIRST MORTCAGE LOANS In the District of Colum- bia and Nearby Maryland and Virginia \/EAVER BRO REALTORS Lile insirance Company Washington Building District 9486 Correspondent James E. Connelly, Presi dent “The Fidelity Building & Loan | Association MAIN OFFICE, 610 13th N.W. |55 % S George % ( 31s M, rgetown BRANCHES ' gth & K S.E., Navy Yard 1427 H St. N.E. Under Supervision of U. S. Treasury | A Healthy, Growing | CASH RESERVE —is what every one earning money can apd should have . to provide for any number of de- sired things . . . Ready money always has the greatest purchas- ing power. ® Build your Cash Reserve || through this Building & Loan Association— SAVING is MORE than Financial Thrift It lends confidence, im- parts strength, stimulates one’s efforts toward suc- ess. Aside from its ancial rewards, the habit of saving REGU- LARLY is a practical investment in character: Start your account to- day! Semi-Annual Dividends AATIONg, PERMANENT BUILDING ASSOCIATION U S49-974 ST. NW, &} ¢p K 5 o® UPeayision ¥ and receive 5% INTEREST $8,500,000 Washington Gas Light Company . Washington, D. C. Refunding Mortgage Gold Bonds 59 Series Dated January 1, 1933 due 1958 Due January 1, 1958 Interest payable January 1 and July 1 without deduction for any Federal Income Tax not exceeding 2% per annum. As to be provided in the Supplemental Indenture, the Pennsylvania 4 mills tax, the Mary- land 4!, mills tax, the District of Columbia 5 mills tax, or the Massachusetts income tax at a rate nof exceeding 6% per annum of interest, will be refunded. Redeemable at 105 to gnd including January 1, 1938; thereafter at 105 less 13 of 1% for each year or fraction thereof elapsing after Janu- ary 1, 1938, until and including January 1, 1957, and thereafter to maturity at 100; plus ac- crued interest in each case. Coupon bonds in denominations of $1,000 and $500, register- able as to principal only. The Chase National Bank of the City of New York, Trustee. suance Authorized by the Public Utilities Commission of the District of Columbia Further information regarding the Company, these Bonds and will be furnished on request, and from which, among other thi Washington Gas Light Company, incorporated in 1848, distributes gas without competition directly and through The Georgetown Gaslight Company, a subsidiary, to the entire District of Columbia and through other subsidiaries to contiguous territory in the adjoining states of Maryland and Virginia. The territory served includes the City of Washington and has a population estimated to exceed 550,000. The preponderance of domestic and commercial customers served tends to minimize the effects of business fluctuations on the earnings of the Com- pany and subsidiaries and at the same time fur- nishes exceptional possibilities for future growth through active merchandising of gas consum- ing appliances. Funds from the proceeds of the sale of these Bonds will be deposited for payment at maturity on April 1, 1933 of $4.000.000 mortgage debt and the redemption on March 1, 1933 of $3,000,000 notes of the Company. The balance will be used for other corporate purposes. Consolidated net earnings of the Company and subsidiaries for the twelve months ended Septem- ber 30, 1932, as certified by Messrs. Haskins & Sells, and as set forth in the circular mentioned We Recommend These the security therefor is contained in a circular, copies of which ngs, it will be noted that: above, were, before reserve for retirements, $2,229938 or over 2.7 times annual interest charges on $16,199,500 of funded debt to be out- standing upon completion of this financing and the application of the proceceds thereof. Over 8% of consolidated net earnings before credit to retirement reserve was, for the same period, derived from earnings of Washington Gas Light Company alone. Valuations of the properties in the District of Columbia and in Maryland are now being made by the respective Public Utility Commissions and by the Companies, and the Company and subsidi- aries have agreed to a temporary discount of 812% on all bills based on meter readings taken in the District and in Maryland from August 1, 1932, through January 31, 1933, except minimum bills and bills for gas sold to municipalities and the government within the District. The operations of the Company are under the supervision of its Board of Directors which con- sists of the President of the Company and six representative husiness and professional men, all of whom are residents of the District of Colum- bia. Dividends have been paid on the Company’s capital stock for more than 36 consecutive yea Bonds for Investment Price 94, and Interest, to Yield Over 5.42% These Bonds are offered for delivery when, as and if issued and received by us and subject to the approval of counsel, 1933, It is expected that Temporary Bonds will be ava ilable for delivery on or about January 24, Chase Harris Forbes Corporation The National City Company The N. W. Harris Company H. M. Byllesby and Company E. H. Rollins & Sons Incorperated Y. E. Booker & Co. Statements in this advertisement, January 9, 1933, information 1 which we regard as accurate while not guaranteed, are based and reliable.