Evening Star Newspaper, January 10, 1933, Page 15

FINANCIAL. DEMAND FOR BONDS flflNflNUES STRONG Prime Lls! Shows Further | Civ ath 43s33-38 10351 U S 38 51-5: e U'S 3 3es 46-45. Gains, but Speculative Group Is Irregular. BY CHARLES F. SPEARE. @pecial Dispatch to The Star. NEW YORK, January 10.—The de- @and for bonds was again strong today, with dealers in possession of crdgrs for | large blocks of both tax-free and tax- able issues and willing to pay at the market for them. On the other hand, the supply was limited, for with an average recovery Lib1 Us3 |US3%sJ40-43 US3 | US3%s46-56 US 4 US4 Alleg! Alleg of 2 points in the domestic list since the end of the year there has been less disposition on the part of in-| vestors to release their bonds and more | of an inclination by institutions to buy | S ine ‘ot th ‘speculstive. sscuritics were disposed to Teact early in the ses- sion, following their recent rapid ad- | vance, and this caused an irregular | price list. Lcsses ranging from one- half to a point occurred in a number of the junior rails. There was also a heavy tone to a few of the first-mort- gage issues. Atchison general 4s were quoted a point under the high at the end of last week and Union Pacific fractionally below their best. was # slightly lower range for the bet- | Lib 3%112-11.4 . 10224 Abitibl P&P 58 '53. Ab&S BOND ING STAR, WASHINGTON, D. C, ON. NEW YO STOCK EXCHAN Received by Private Wire Direct to The Star Office. UNITED STATES. Bales are iz, $1.086) High. Low. 10222 10221 10317 98 20 99 28 % s M41-43. 10212 10210 10212 102 10 10213 10210 1052 1051 107 107 11012 110 10 Sales. High. 3 st 4% s 32-47 10223 98 25 3543-47 s 44 . s 47-52 hany 5s "44 Alleghany §s *49 rany 68 Allis-Chalm §s Am Beet Sug 65735 AmF P 552030, {AmIGCh5%s'49. Am Intl 53849, .. | Am Sm&Ref 5s '47. Am T&T 4%s 39 Am T&T e tr 5! 46 Am T&T deb 5860, Am T&T deb 5s'66. | Am T&T 5% s43. . Am Wat Wks 534 Am Wat Wks 63’75 Am Wr Pap 63 '47.. Argentine 5 145°62. Argentine Gs " Atchi | Argentine 6s '59 Oc | Argentine 6s A | Argentine 63 B 58, 4| Arm & Co 414539, Arm Del 5%s'43. .. There | 4 tchison gn 4s '95. son 4148 '48.. 3 ter-grade bonds of the public utility op- | Ay C L cl 4s " erating companies. In contrast there were fractional ad- | vances elsewhere in the list. Brooklyn- high record at 94. | |At1C A1l C I 1st 4852 I un4%s’6 | Atl Refab58°37... Manhattan Transit 6s touched a new Australia u.,g 56. Pennsylvania gen- | Australia & eral 4s were up a point and Interna- | pustralia 5s'57. tional Telephone 4l5s and 5s gained | Austrian 7s'43 Austrian 7s 57 B&O1st4s'4s htl lll%'he:; were interesting movements in the list of foreign dollar bonds. Of | these, the German group demanded | most attention, The government 5%s | rose a point and in crossing 62 estab- lished a new high price for the past two years. There were good gains also | In German provincial loans and in the German public utility and mortgage bonds. Chile loans were inclined to react, after having had a 50 per cent advance recently, while those of Rio Grande do Sul and Sao Paulo rose a point each. Italian government Ts crossed par. ‘The average rate of interest of 0.20 cent on the latest issue of the E:uury, compared with one about half of that figure late in December, is the first evidence in some months of a rising tendency in the rate. This may have had sfme effect on long-term Government issues, which showed small- er fluctuations than of late, although in general the average of the list stood at about Monday’s closing. SHOE PRODUCTION HOLDS WELL DURING YEAR 1932 By the Associated Press. Preliminary figures of the Commerce Department reveal that production of boots and shoes, other than rubber, held up well during 1932. Output of American factories amounted to 203,169,375 pairs for 11 months, compared with 296,684,255 pairs | for the corresponding period of 1931, & decrease of only 1.2 per cent. Reichsbank Statement. BERLIN, January 10 (#).—The Reichs- bank statement as of January 7 shows the following changes in reichsmarks: and bullion decms-d 991,000; o in foreign currencies increased 00: bills of exchange and checks | ased 271 DBS 000; silver and other coins incroased 64,280,000; notes on other banks increased 5,146,000, ad-l vances decreascd 104,113.000; fnvest- | ments increased 42,000; other assets de-‘ creased 60,738,000; notes in c\rculntion\ decreased 78,000; other maturing obligations decreased 201.361.000; otber liebilities increased 21,687.000. | ‘Total gold holdings, 805,232,000; note | wvense, 273 per cent; rate of dis- count, 4 per cent. Washington Stock Exchange! SALES. ital Traction 55—8$500 at 5215, 72 “A"—$1,000 at ‘Washington Gas 6s “A"—$100 at 100%. UNLISTED DEPT. ‘Washingto: at 94%, $10,000 at 941, 94%,, $2,000 at 941}, $3,000 at 9475, $500 at 947, $500 at 941}, $10,000 at | Chi Ind&L gn 55'66 | CM & StP gn 4589 Chi M & StP C M StP&P 58 °75.. | CM & StPaaj is. 9414, $24,000 at 94%;. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer, Tel, & Tel, 4iis 39... 1 B B B R B& B&O B&O B&O Batav Pet 438’42, Belgiu 1st 5548 ref5s'95.... rf 5s D 2000. ll r£6sC'95... 7 P&WV4s'4l 5 Swdvbs'50. 1 60 55. am 7 '56..... Bell Tel Pa 5s B'48. Bell Tel Pa 5s C'60. 12 Berlin Cy El 65 '55. 35 Berlin 612850, 2 Berlin C El 6345851, Berlin CE1 6%8'59. Beth Stl pm 5s'36.. Beth Stl rf 58 '42... Boliviy 7s '58 Bolivia 73 '69 Bolivia 8s°47.. Bordeaux 65’34 Bos & Me 55 '5. 5 Bos & Ms 5567 Brail 6%s°26-'57 Brazil 6148 '27-'57. Brazil CR 785! Brazil 8541, | Bklyn Elev 6% Bkiyn Man 6s Bklyn UnGasjs” 45 Bklyn U Gas 5s'57. Budapest 6s ‘62 Buenos A R 65 '61. BR& Pitts 4% Bush Bush T Bldg 5s'60. Calif Packing 5540 Canada 45’60, . Canada 5s'52...... Can Nat Ry 43’51 *an Nat Ry 4%4%56 Can Nat Ry 414857 Can Nat 4% Can N: Can Ne Can Pac db 4s. r an Pac 4145 '46. Can P: Can Pac Can P: | Cent Ga cn 584 ‘ Cent 111 E&G bs '51 | Cent Pac 1st 45 *49. | Cent Pac 5560, | Cert-tddb5%s 48. Ches Corp 5547, Cc&O C&O | CB&Q 111334549, n Gas 55 1958 (w. 1.)—8$10,000 | CB&Q 1114549, ... $40.000 at | Chi & Est 111 5551, hi G Chi& Chi&NW 4155C'37. Chi & Chig& Chi & Chi R! Chi R !chi R 160 (EH Wash. Gas ¢ B 5 ‘Wash. Rwy. & Elec. 45 MISCELLANEOUS, Barber & Rose, Inc.. C. Paper Mfg. G . ‘Wash. Mkt. Cold Siorage 5s STOCKS. PUBLIC UTILITY. ) ..*106" The foll cum;." 5 merely represent_min; the Washington Stock E: e. NATIONAL BANK. Capital (8) Columbia Metropolitan "(10)" Riggs . EER (o) Washmgton' (8) Chi R 57 ‘Ter con b ‘at Ry or deb 78 '40. ac 474560, ac - SR B0 R O O W R W B a1 gen 4158°92, 44SA93. .. Q rfss 71, =1 rt West 44’59 o N 13 4%sC 7 18 .107 8 5 80 NW 41552037 W 4% 549, W rf 55 2037 NW 6158 '36. 1&P gn 4588 1&P 1t 4s 1& P 4%8'52 143560 H&S' C Chi Ui Chile *hile Chile Chile Chile 7 ile ile n n Sta 4%s ‘63 44 | Chi Un Sta bs B | Chi Un Sta 645'63. 65 'fil Jan 6561 656 656 Cop db 55 4 Mtz Bk 63 " 1 Mtg Bk 6 Pt (‘[nl n Trm mb 6561 Jan. . Colomb 65’61 Oct, . Coion Ol 68°28. .., Colo & Sou 41 80 Sales. High. Fram Ind T%s "42. 100 French Gov 7s | French Gv 7%8'41. Gelseni'hen 63°34. 15 2:55. 102 22 10223 108 21 98 25 9930 10212 102 10 10210 Ger Cent Bk 68'38. 31 Ger Cen Bk 63'60J 4 Ger Cen Bk 63’60 O 48 Ger Cen Bk 7s. . 9 German Rep 300dHopeS&I 7845 Goodrich 6s 45 Goodrich 6 Goodyr Rub Grand Trunk Grt Nor 5% B' Grt Nor gn 75 '36 Hudson Coal 58 Hud & M adj 58'57. 6 Huu&Mrfflu'61 . 13 Z87' Humble Oi1 & Zlunxary?"s'fl 111 Bell Tell 5s 111 Cent ct tr 4 11l Centcl tr 4s Tl Cent 4% '66 111 Cent ret 111 Cent 633 36. .. 111 CCStL&EN GS A 11l Steel db 415540, Int Rap Tr rf 55 °66 65 Int Cement 5s '48 Int Hydro El 65'44. Int Pap re| Int Pap 6s ‘55 Int Tel&T 4% 1 IntT&T 43%s'52.. 'h IntT&T55'55.... Italy 7s'51. Italy Pub 7s .hmn-se 51%s'65 Kan City Sou Kan City Kan City Ter 4s'60. Karstadt 65’43 Kend 5345 "48 ww.. Kresge Found 65'36 4 Kreug & Tollss'59. 15 Laclede Gas 53'34., 28 Laclede 5%8C Laclede 5%s D Lake Shore 3% Lautaro Nit 6s°54.. Leh Val cn 45 2003, 25 Leh Val cn 5s 200; Lig & Myers 5: Lig & Myers 7s "44. Loew's 65 '41.. Long Islrf 4s°49 Lorillard 5s'51 La & Ark §s'69 Lou G & El 5 McKes & R 5%s'50. Manhat Ry cn 45’90 9 Market St 7s A '40. 17 Midvale St155"36. . Milan 6345’52 Mil E Ry&L 5s'61. Mil E Ry&L 58°71. MSP&SSM 65 5’38 MSP&SSM 5145 'T8 M K & T 1st 45 'S0 MK&T4sB MK&T5SsA MI\&TndJus 67. Mo Pac gn - Mo Pac rf bs Mo Pac 55 F '77 Mo Pac 55 G 78 Mo Pac 5s H'80 Mo Pac 55 1'81. Mo Pac 533 A "49. Mobile-Ohlo 5s "38., Mont Pow 5s "43 Mont Pwr 5s A Mont T 1st rf 58’41 2 Mor&Co 1st 4%s'39 39 Nassau Elec 45 '51. Nat Dairy 5%s'48. Nat Steel 55 '56 Eng T 1st 5s'52. J Power 46s 60 N Y Cent db 45 '34. Y Cent 45°98. Y Crf4is20i3. 13 NYCrf4%s2013n 32 NYCrf5s2013 Y Cent db 65" NYEL nu' Y EL H&P 6 NH&H 3%s Y NH&H 4 NHE&H 6s O&W gn 45 '55. \\’ O&W rf 48’92, NY Tel gn 0’&:‘39 NY W&B 4%s"46. 17 2 30 or Pac r i 65 2047, Nor St Pw 55 A "41. Norway 58 ‘63 orway 6s ‘43 orway 6344 Norway 6s ‘52 Ohto P\m'll,s'“ Oreg-Wash u’sl Orient Dev § Orient Dev 6s Owens I11 Gl 5s Pac G&E 554! - | Pac T&T 1st 58'37. Pac T&T rf 55 '52. Pan Am Pet 654t Paramonnt 6s '47 Param-Pub 5% Paris Or 5148 Penn sta 4s '48. Penn 4% s D'81. Penn gn 4% s Penn 41,5 D70 Penn 4% s°63. Penn 5564, Penn gen 5 '68. Penn fi-,g- 2% 25 101% 106% 1064 59 4 39 57 69 43 101% 51 58 4315 46% 1y 63% 637 2 94| 78 | 8315 | 24 181 58 615 35 124 26 24% 24'5 248, | 24% 11% 5 85 15% 86k 81 53 (GRAIN DEALERS ASK TARIFF REVISIONS New Plan for Farm Relief| Suggested by Exchange Members. | By the Associated Pres CHICAGO, January 10—The grain | dealers have proposed farm relief | should be based on tariff revisions to | permit the sale abroad of commodity | surplusses, Representatives of the major grain| | exchanges looked with disfavor upon | | acreage reduction by a domestic allot- { ment, but urged solution of “the real | problem by bringing farm prices into | equilighrium with general commodity | prices and thus closing the gap that | | has brought ruin to agriculture. The recommendations were made by the Grain Committee on National Af- | fairs, spomured by exchanges at Chi- | | cago, Buffalo, Duluth, Kansas City Milwaukee, Minneapolis, New Yorl | Omaha and St. Louls, and by the Graix | | Dealers’ National Association. Repeating an old complaint, the grain dealers asked for repeal of the | agricultural marketing act, which au- | thorizes the Federal Farm Board, and | the grain futures act, which regulates | | certain phases of exchange trading. | The 1922 and 1929 tariff acts were| criticized for not recognizing that the United States, as a creditor nation, must buy goods from abroad if it would | sell its produce in foreign lands. “Reopen,” the report urged, “the| channels through which surplus: pro- ducts, goods or materials in one section of the world may by the natural pro- cesses of trade be expeditiously moved | to the section of the world where such surplus is needed. * * * | “Take full advantage of our tariff structure to increase our participation |in the international trade of the world | | by opening a means for the disposal abroad of our surplus of farm | products.” The grain dealers were critical of the domestic allotment and other farm relief plans which seek to limit pro- ! duction to domestic needs as a means of making the tariff effective to agri- culture. = e POTATO MARKET. CHICAGO, January 10 (# (United | States Department of Agriculture) — Potatoes, 36 cars, on track, 159; total United States shipments, 517; Idaho russets firm; demand moderate, other stock dull, demand slo truck re- ceipts liberal: Wisconsin round white: 70a75; unclassified 65; Michigan rus- set rurals, mostly 7215; Idaho russets, mostly 1.2531.30; Colorado McClures, o Treasury Bills Oversnbscnbed | By the Associated Press Secretary Mills announced that ap- | plications " totalling $229,845.000 had been received for the tender of $75,000,- 000 of 91-day Treasury bills dated January 11. | The ‘highest bid made was $9.987, equivalent to an annual interest rate of about 0.05 per cent. The lowest bid * | accepted was 99.939. | V:rgmmn lewny Dividend. | NEW YORK, January 10 (#)— Directors of the Virginian Railway | today declared a regular quarterly | | dividend of $150 on the preferred | stock, payable February 1 to stock of | record January 14 ‘U 8. TREASURY CEBTIFICATES po(RePOrted by Chas. D _Barney & Co» | turity Offe: ( | 894 | 791 104% 45 6813 3 100 1001, ]"‘A Com Inves 5158 ConG NY 4%3 | Con G: Hices RUT T 400 | Con G NY 5%5 "45. Con Pwr Jap 6% Con Pow Japan 7s. | Copenhag 435 '53. | Cuba 53384 . | Cuba Nor 53 15 (20) FIRE INSURANCE. American (12 R Gorcoran iremen's ational U TITLE INSURANCE. i Columbla (6h) .., Real Bstate (6h) . 4 MISCELLANEQUS. ol Medical Blds. Corp. (6) Pist. Natl . Hide. Corp. d, & Lotbrop « Wawd & Lothrop Bid. viden Czecho 8s'51 Czecho 8s 52 Del& Hud ret Del & Hud 5 Del P'w&kLts 4571 Denmark G’xs's" Denver Gas s D& RGren 4 D& RGr4lks D&RG W 5855 D& RG W 53’78 Det Ed 4148 D '61.. Det Edison rf 55'49 Det Edison F Dodge Bros 6: Donner Stl 7s '42 Duquesne 434 A '67 Duquesne 414 B '57 DEI5%s'53 Mar. Dutch East 16s°62 Dutch East 1 6547, Erte Con 4596 Erfecy 48 A 5! Erie 45 B 53 | Erte gen 43 Bri 58'67. Erfe ref 5s'75. e Finland 53558, Finland 65°45. Fiat deb 754/ O~ CEORan BNE~RE 102% 101% 104% 106% 37 | Por RAm T Peru 6s'60. Peru 6s Peru 7s Phila Co Phila Blec 4 71... 38 | Phila & Read 6549 12 Philippine R 4s'37. 1 Phillip Pet 5%8°39 35 Pillsb F M 65 '43 PCC&SIL 4155 C PCC&SL 58 A'70.. Poland 7s "47. Poland 8s Port Gn Kl 4%8'60 3 Porto Alegre 85'61. 42 Pos Tel & C 5553 Prussia 6s '5 Prussi Pure 011 5’/.!'40. . Read 4%s A'97... 18 Bem R5%sA’4Tww 15 Rhinelbe U 7s'46.. 17 Rhine Ruhr 6s°53.. 11 Rhine W Rhine West Rhine West Rich Oil Cal 65 *44. Rio de Jan 6%s " RioDeJan ext 8546 R Gr Do Sul 6s'68. R Gr Do Sul 8546 Rio Gr W 15t 4539 Rio Gr 1V clt 45 '49, RIAr& L 4%s"34. 5 4T 21% 3% 102y ke 591y 691y 18% % 594 6174 | 1001 105% | 105% 6% 86 52 68 'v\ arren Bros 6s'41. 68' 86% 907 | per_cent rentes, 93.92. & | Sales. High. Low. 2:58, 46 447 46 12 104 12 814 88, 10% 33 | StL IM R&G 4333, StL&SF4%8'T8. | StL SF 4;35'78¢t st ‘Sl L&SF 58 B'50. . Sheil UO 5 SineCr 05 . Sinc Oil 6%s B -'!l | Sine o1 7 |Sine P L. IS yvuhM(nfi%A’:! ou Bell T&T 5841 Sou Pac col 449, . Son Pac rf 4s'55, ., Sou Pac 4145 68 SouP 4%s'69 w | Sou Pac 414s'81 Sou P&Or 4% sA'77 @ 1o v S EaluanSedne St Qil N Y 414 | Studebaker 6s '43 Sweden 5 1047 41 554 Tatwan E P 53571 ’x“nnt'n|nl‘ek 44. Tenn EL P 65 A "47. Tex Corp cv KiN Tex & Pac | Tex& P5sC | Third Av 1st \ Third Av adj 5s 101% 104% 104 99% 91 901 6815 ’n Pac 1st 48°47. ., n Pac rf 4s 2008, 1567, Tnit Drllg 68°53. U S Rubber 53 47 Un St W 6ls A47. | Un St W 6%s A'51.118 | UA St W6%sC'5 1 | Upper Austria7s'4s | Uruguay 6s 'eu | Uruguay 6: Util Pow 5%s *47. | Vanadtum St 5s'41. | Vienna 63" i Va EI&P | vaR: | VaSW 1sten s Wabash 416578, | Wabash 1st 55 '39. Wabash §s B 76 | Wabash 5s D '80 Wabash 5%s'75 Walworth 6s A *45. Warn Quin 6s°39. . Warner Sug 7s '41. West Sh 1st 45 2361 % | West El ab 5s West Md Ist West Md 5%s77. West Pac s A46. . WestUncltris'ss 8 West Union West Unfon 4 Wil & Co 1st 68 *4L. Wis Cent Tm 48'36. ‘led the food specialties as it opened up | any activity in the group. ¥ Meat packing issues, especially Swift | | extra firsts, |29%: current receipts, CURB SHARES GAIN AFTER EARLY L0SS Market Becomes Firmer, With Utilities Higher—0il Group Irregular. BY JOHN A. CR Special Dispatch to The Star. NEW YORK, January 10.—Curb Ex- change prices, after opening fractional- ly lower, firmed around noon today. Electric Bond & Share was a_small | fraction higher, as were Standard Oil | of Indiana, Standard Ofl of Ohio and American Light & Traction, but Con- solidated Gas of Baltimore and Com- | monwealth Edison eased on their first few trades. Cities Service also softened. | Roan Antelope featured the foreign | ! | coppers, both in appreciation and vol- ume. Imperial Tobacco of Great Britain | was more active than usual, though | Hx‘tufllly unchanged. Recent strength of Imperial Tobacco of Canada Ltd. was explained today by the statement that November cigarette sales exceeded those of the same 1931 month. Safety Car Heating & Lighting, Car- | rier Engineering Corporation, Wool- | worth Ltd. and Graymur Corporation, | the latter easing, were active during | | the second hour. Later United Shoe | Machinery, National Aviation and Niles- | Bement-Pond, the latter up almost a | point. led the market for a brief spell. | Stutz Motors suffered the widest de- | | cline in the motor group today, though the floor heard that Charles M. Schwab, the biggest shareholder of record, has | been adding to his holdings through open market purchases of the stock. Cord Corporation was a shade_easier. | H. H. Frenklin Manufacturing Co. an- nounced = price reduction average $400. Reports from the automobile show char- acterized business developing there as | “satisfactory. London cables indicating the sale of Boots Pure Drug Co., Ltd., operating 900 drug stores throughout the British Isles, by United Drug, Inc., a subsdiary of Drug, Inc., had no immediate effect on that inactive stock. Mead-Johnson | 1% points at 46. Reduction of refined sugar prices, as announced by National Sugar Refining of New Jersey, God- | chaux, Inc., and others, failed to bring International and Swift & Co., both of | them lower, initiated food share deal- | ings today, Later Great Atlantic & | Pacific Tea preferred opened off 3! ; points. Montgomery Ward A at 53 was down a point, but other siore shares lagged, despite the declaration of the | regular dividend by New York Mer- | chandise Co. and the rmaller than ex- | pected December sales declines reported by G. C. Murphy Co., Schiff Co. and | Neisner Bros. CHICAGO DAIRY MARKET. | CHICAGO, January 10 (#).—Butter | —11,872 tubs; weak; creamery. specials | (93 score), 20':a21; extras (92 score), | 20; extra iirsts, (90-91 score), 19% | a firsts, (88-80 score), 19%4: seconds (86~ | 87 score), 19; standards (90 centralized | carlots), 20';. weak: | 30; firsts, | 26a27. | — COAL PRODUCTION. By the Associated Press. Production of bituminous coal dropped | sharply during the week ended Decem- | ber 31 as the change was calcul.a’ed; by the Mines Bureau. In the total that | follows the total output is given for | comparable periods, as announced by the bureau: Week ended December 31. Previous week. . Same week last year.. PARIS BOURSE PB.ICES PARIS, January 10 (#).—Three per cent rentes, 77 francs 70 centimes; 41 5,800,000 tons 1,667,000 tons 100,000 tons | Exchange' on London, 85.83. dollar was quoted at 258214 SII.VEB QUOTATIONS NEW YORK, January 10 (#) silver barely steady, The —Bar 1 lower at 2514. | BONDS ON THE CURB DOMESTIC BONDS. | ; g P Low. Noon. | w Ao St 2 Am Roll Mill Ap; T T -t Mot Acc_ 3 18 Georgla Pow 10 Gillette i 9w 011410114 101 40 1014 1007 1007 55 "4 i Tex (vas Us s 1Tex P & L kit Nl»‘- | Comwith | Bk Manhattan (2). | Title G | United State 509, 50 100 ma‘“ 100 40! N T 51% B51% 51 ,w Pavemmid TUESDAY, JANUARY 10, 1933 FINANCIAL. N. Y. CURB MARKET Received by Private Wire Stock and Dividend Rate. Acetol Prod Acme Wire vte Air Inv Inc vte Alabama Pw pf Allied Mills. Aluminum of Aml‘rwfll Alum Co Am pf(3).300s Aluminum Ltd Am Beverage Am CitiesP & L Am Cyanamid B Am El Sc pt pf 40c. Am & For Pw war Am Founders. Am Gas & EI (11). Am Investment. Am Lt & Trac (2 AmMIg pf (5)... Am Superpower. .. Am Super 1st pf. Am Thread pf 2 Amsterdam T k25c, Anchor Post Fence. Sale— Add 00. High. I.v'a . Close.. e | Arkansas NtGs A.. As El Ind Ltd k10c. Asso Gas@Elec (A) Asso Tel Utilitie Atlas Utilitie Atlas Util wa Atlas Utiip Auto Votin Mach Benef Ind Loan 114 | Blue Ridge. .. s Ridge ¢ pf a3, janTL&P.. Brit-Am Gil C 80c. . Buff N Bunker Hill & Sul. Burma rets (ki te) . 258 | Cable Radio T vtc. Canadian Marconf. rrier Corp Cent States Elec Cent StaEpf 6 w Childs pf Cities Service. Cities Service pf Clev Elec Illu 1 Col G & E ev pf 1001 & vte. . ais (5) . Comstock Tunnel.’, Cons Gas Balt 3.60. Cord Corp. . Cosden Oilcod. Crocker Wheeler. . Crown Cork Intl A, Deere & Co. Detroit Aircratt East G & Fuel Asso Eastr G&F pf (6). East States Power., Fast Util Asso ¢ 2 l‘.ul-p((nm\-). Ford Motor Ltd. ... | General Aviation. . Georgia Pw pf (6). Glen Alden Coal. Goldman Sachs. Gold Seal El ne Graymur Corp (1) Great A&P n-v(17) 108 GLA&P Tea bt (7) 408 120 1 Groe Strs Prd vte. Gulf Oil of Pa Hecla \Hnmz VALUE OF BOND ISSUES PUT AT $31,918,066,155 | | By the Associated Press. NEW YORK, January 10.—The New | York Stock Exchange reported that on January 1 there were 1,549 bond issues, aggregating $41,304,596,305 par value, | listed on its market, having a totll | market value of $31,918,066,155. On December 1, last, there were 1 548 | bond issues, aggregating $51,542,847,249 par value, with a total market value of $38,095,183,063. During the month, approximately $10,000,000,000 of the United Kingdom 5 per cent bonds was taken off the list. This issue was refunded as part of the British government’s war loan conver- sion program. NEW YORK BANK STOCKS NEW YORK, January 10 (#).—Over- the-counter market: (Quotations as of 2 o'clock.) BANKS. Bid. Asked s Chase Natl (2) . A Commercial (8) Fifth Ave (*44) © First Natl (100) Natl City (%) 1460 1560 + | Public Bankers (3) Bklyn Trust (10} Cen Hanover (*7) Chemical (1.80) Continental (1 Corn Exch Empire (1 | Guaranty Irving (1.60) . Manufacture: N Y Title & Mtge | 5) N ¥ Trust & T “Inciudes extr # | Pub Util Hid wa Direct to The Star Office. Stock and Dividend Rate. Hollinger Gld 75c. Hudson Bay Min. .. Humble Oil (2) Hygrade Food. INP&LpT (6) Imp Ofl of Can 50c, ImpT GB&I k75%c | Insurance See..... Int Petrol (1). Int Util B. | Interstate Equities Italian Superpw A. Jonas & Naumburg | Lake Shore M (2).. Lone Star G bé4c Mass Utilcv pf 235 508 Mead Johnson $3% 1 Mich Gas & Oil. . 2 | Moh Hud P 1st p! Mont Ward (A). Mort Bk Col Am sh Mountalin Prod 80c. Nat Aviation, . Sale— Add 00. High. 6 5% 13 8 u Nat Bnd & Sh (1 | Nat Fuel Gas (1 Nat Investors, t Pw&Lt pe (6). 1508 t Service....... -1 t Transit'(86c).. 1 ) Amster Cas 2, 258 New Jersey Zinc 2. Newmont Mining. . Niag Hud Pwr 1.20. Niag Hud (A) war. Niag Sha(Md)B 20¢ Niles-Bement-Pond Nipissing. . North Europ Oil. Northern P L(5 | North S Pw pt m ‘1508 Novadel Agne (5).. 1 PacG&E1stpf1% 2 Pan Am Airway 2 Parke Davis (1)... 1 Penroad Corp 15 Penn P & L pf (7).100s | Pilot Radio Tub 4 Pioneer Gold 24c Pitney Bow P bi%. Powdrell & Alex Prudenfial Iny 4 1 1 2 1 Pub Util Hdx w. . 1 Pub Util HId ¢ pf. Puget Sd P&L pf 5. Rallway & Lt Roan Antelope Root Refining cv pf Safety Car H & Lt. ll)fll St Regis Paper.... St Regis Paper pt. . | Salt Creek Prod ll) Security Allied Cp. Selected Industries Select Ind pr(5%)n Silfca Gel ct. b Silver King Coaltn. ‘&ou(all'dn[}{ 1% lOu l[)u Stand Oll Ky 1.20. . Stand 0il tand Oil Ohio pf Starrett Corp pf Stutz Motor Ca Sunray Oil. | Swift & Cq. | Swift Internati(2). o 1 Technicolor. . | Tech Hughes (60c) Tob & Allied Stks. . | Trans Air Tran; , | Tubtze Chat Co | T'nited Founders | United Gas. | Utd Gas pf (3%) Unit Lt&Pwr (A).. Unit Lt & Pwr pf U S Elec Pwr ww. . U S Play Card (1). Utd Shoe Mch 214 £ . 758 | |o til Equifies pf 3 | Util & Industrial i V\alker(}hram) Wool Ltd k25 1-5c. | Wright Harg w.c Dividend rates 1 quarteriy o ividend Pay xlock | fn"stoc 2 11 ¥ 4 3% 3% ks , Joliars based on :-g cnmy xtra. 3PIe ¥% In stock ash or stock. -Admnmem divigend. k- fblus ¢ in Plu: in stock. m Plus % | e o Pl 3% 5 Paid st rearan remuler Fath. Market Averages ! | By the Assoclated Press. Yesterday Previous Low. 1930. ! Yesterday Previous du Week ago Month ago .. *3 A—IS° BALTIMORE PLANTS EXPAND DURING YEAR AP REEE- 1 More Than $1,500,000 Used Dur- ing Year in Improving Indus- trial Position of City. Special Dispatch to The Star. BALTIMORE, January 10.—More than $1,500,000 capital was invested in building and expanding Baltimore “" | manufacturing plants- during 1932, ac- ,‘Icordlng to the annual review of in- 20% | dustrial progress prepared by H. Find- 4 Ihy French, director of the industrial bureau of the Association of Commerce. Fifty-three new manufacturing in- dustries were located here during the year and 36 companies expanded their plants. Although these figures com- pare favorably with former years, Mr. French said that the average size was decidedly smaller than usual. “The extent of new manufacturing acquisitions in 1933, he declared, “will depend to a considerable degree on gen- eral conditions, but the levels should tend to increase over the 1932 situation, which itself should be considered de- cidedly gratifying under prevailing con- d!uon;." The new industries and expansions provided employment for 1,581 workers, aside from the additions to clerical and sales forces. New York Cotton Special Dispatch to The Star. NEW YORK, January 10.—Cotton {:‘ ices opened lower here today, follow- g the ease in Liverpool and the lower close in Bremen. Initial quotations were: May, 6.33, off ber, 6.64, off 1; 1; July, 6.45, off 1; Ocl December, 6.78, unchanged. Grain Market By the Associated Press. CHICAGO, January 10.—New down= turns in grain values here took place early today. Action of the Liverpool wheat market was construed as bearish, and arrivals of wheat in Great Britain were reported larger than either last week Or a year ago. Starting lgals down, Chicago wheat futures underwent an additional sag. Corn opened unchanged to !4 off and subsequently held near the initial limits. 4 The fact that this was one of the traditional dates for speculators to sell wheat counted at times as a handicap to friends of higher prices. Known as “the voice from the, tomb™ calendar % | the tradition is embodied in a which was compiled many years ago and purported to show that various dates had been proved by experience to be favorable for” certain definite I'Ml- lative operations. No big selling sure in the wheat pit was today, but the “voice from the tomb™ appeared to be exerting at least some uncanny restraint on buyers. hflwenr Leading bulls contended, that so—cnlled “‘calendar applicable only in normal markets, lnj that the adverse domestic Winter wheat crop out'ook was bound to bring in fresh speculative buying later. One widely known cr P authority said Winter wheat conditions Southwest, except in parts of Oklahoma and Texas, were Vere favorable to wheat holders. G5 ard onu sympathized with whea: mPurovll'lw reflected downturns of hog Mortgage Money Funds Availablé for CONSTRUCTION LOANS or LOANS ON IMPROVED PROPERTY Reasonable rate: Prompt action. B. F. SAUL CO. 925 15th St. Natl. 2100 - COLUMBIA NATIONAL Combines Strength With Conservatism The two foremost characteristics that have carried this bank ever forward through more than 45 years of progress two foremost quali Capital $250,000.00 Surplus FRANK J. STRYKER, President YOU should look wi ecting a bank for your business partner : « » to safeguard your finances . . . to aid you in your advance toward success and independence. Tho Columbia National has a banking service to fill your . Consult our Officers about it. WE PAY 3% INTEREST ON SAVINGS CONVENIENT HOURS 30 to 3—Saturdays till 12 0'Cleck m 1st and 2nd, 15th, 16th last day of the month,