Evening Star Newspaper, November 28, 1934, Page 10

FI A—10 ¥ RANSIT EARNINGS ATSN9.76 MARK Eleven-Month Total Shows Huge Gain Under Con- solidation. BY EDWARD C. STONE. Yotal net earnings of the Capital Transit Co. in the first 11 months under consolidated operations amount- ed to $919,576.15, according to a sur- vey of income made since the October statement was filed with the Public Utilities Commission. This summary includes the December, 1933, net of $118,392.58, that being the month in which the merger went into effect, and the first 10 months of the present fiscal year. Detailed figures from Capital Tran- { sit's October report show that operat- ing revenues totaled $763,293.68, oper- ating expenses, taxes and depreciation amounted to $631,491.11, leaving an operating income of $131,802.57. Non- operating income was $14,850.83, mak- ing gross stand at $146,653.40. De- ductions from gross called for $56.- 414.48, leaving net income for the month of $90,238.92. The main factor in this surprising showing was the car- rying on the company’s lines of 12,- 479,981 revenue passengers. Returns for the first 10 months of this year are even more impressive. Operating revenues totaled $6,963,- 668.94. Operating expenses amounted to $4,747,293.18, taxes took $489,176.29 and depreciation $490,772.20, making a total of $5,736.241.67. This left a 10 months’ operating income of $1,-1 227.427.27. Non-operating income during the period totaled $140,791.90, placing gross income, less operating expenses, taxes and depreciation, stand at $1,- 368,219.17. Deductions from gross re- quired $567,035.60, which left the street car company with a total net income of $801.183. Revenue pas- sengers carried on the company's lines during the 10 months made a grand total of 107,170,596, Net of $4.20 a Share Likely. An analysis of Capital Transit's earnings during the past 11 months, prepared by Y. E. Booker & Co., local investment house, being distributed today, includes an estimate of prob- able earnings for the first full year's operations. The Booker review says that if the November earnings are as good as those for October, which seems assured, total net for the first 12 months will be $1,009,000, or $4.20 a share on the outstanding capital stock and coverage on bond interest by approximately 23, times. The analysis adds that sufficient time has now elapsed to indicate that the remarkable improvement in earn- ings 1s to be lasting; in fact, the trend 1s upward, after allowing for seasonal variations in traffic. In the first 11 months the company carried 157,453,- total revenues amount- 316.41, while total ex- penses, taxes and depreciation re- quired $6,239.105.33. During the pe- riod dozens of new buses have been purchased, many cars have been add- ed to the service and more than 500 additional men have been employed. ‘The review concludes: “In analyzing the above figures, due consideration should be given to the recent application filed by the com- pany with the Public Utilities Com- mission for permission to increase its depreciation charges from $600,000 to $900.000 annually. “Had this amount of additional de- preciation been charged during the past year, it would, of course, have reduced the total net earnings to $709,000, or $2.95 a share, and would have reduced the bond coverage to two and one-half times. “In either event, the earnings rec- ord is an excellent one and places both the stock and bonds of this com- pany in an entirely different light 1rom the standpoint of the investor.” Olds Joins Stock Exchange. The board of governors of the Wash- ington Stock Exchange has elected Ed- son B. Olds, jr, who is witah Brown, Goodwyn & Co., to membership on the Exchange. The new member is the son of the late Edson B. Olds, who died only a few weeks ago after being connected with the Union Trust Co. for more than 30 years, holding a vice presidency at the time of his demise. Born and reared in Washington, Mr. Olds attended Tech High School and the University of Maryland. He has been active in the financial district for the past seven years. The firm with which he is connected is located in the American Security & Trust Co. Building and is one of the younger in- vestment houses in the city. The partners are L. Clark Brown and Wilfred L. Goodwyn, jr. The con- cern has been specializing in munici- pal bonds. The company has now de- cided to broaden its activities in the local financial field. Securing a seat for Mr, Olds on the Washington Ex- change is one of the first steps toward this end. $5.000,000 New Bonds Sold. ‘More than $5.000,000 of the $8,000,- 000 Republic of Finland 4 per cent notes have already been sold, accord- ing to reports from New York. The total issue, offered by Brown Harriman & Co., Edward B. Smith & Co., Lee Higginson Corp. and the First Boston Corp., was $10.000,000, but $2.000,000 of the notes were retained by the Bank of Finland and not offered in this country. William Niller, manager of the Wash- ington office of Brown Harriman & Co., has been distributing to clients some most interesting data on the credit position of Finland. Little Finland's payment of Government ob- ligations has been a lesson and shin- ing example to the whole world. Incidentally, new domestic issues of municipal and other bonds have been offered more frequently recently and are being favorably received. Such issues have recently been one of the features in the bond market. Today’s Trading on Exchange. ‘Washington Railway & Electric pre- ferred led trading on the Washington Stock Exchange today, four sales tak- ing place at 100!:. Ten shares of Capital Transit came out at 28, off 3; point from yesterday. Lanston Monotype sold ex-dividend at 48, un- changed from the last sale, and 10 shares of Libérty National Bank stock appeared on the board at 75. The Washington Exchange, all the banks and all the brokerage houses in the city will be closed tomorrow, ‘Thanksgiving day. The Irving Trust Co. has declared the regular quarterly dividend of 25 cents per share. Considerable of the stock is held locally. President F. P. H. Siddons of the District Bankers’ Association, ad- dressed the weekly luncheon yesterday of the Washington Association of Credit Men. He spoke on money and credit, the meeting being held at the Raleigh Hotel. Local banks are displaying large posters advertising the Washington Better Homes Exposition, now being held at the bus center on Pennsyl- vania avenue, between Sixth and Sev- enth streets. NANCIAL.. 2:30 p.m. Sales. Previous — 1934 — Stocks and High. Low. _ Dividend Rate. 110 89 Abram Straus pf(7) 20s 111 11% 6 Adams Express.... 10 7% 34% 16 Adams Millis (2)een 12 81% 3% Adv Rumley. 1 6 91% Air Reduct’n 1% Airway Elec App! 16% Alaska Jun ($1.20) o 3% Albany Wrap Paper 1% Alleghany Corp. ..« 57 Alleg-Cp Df $30 ww, 160% 115% Allied Chem (6).... 130 12214 Allied Chem pf (7) 23% 108 Allis-Chalm 11's Alpha Port ment. 7% 213 Amal Leather B 55% 39 Amerada Corp (2).. 48 25% Am Ag ChemDel(3) 25% 113 Am Bank Not 38 31 184% 3% 40 Am Bank Nte pf(3). 200s 19'5 Am Brake Shoe 80c. 1 96 Am Brake Shpf (1) 50s 90% Am Can (15)eeunses 12 Am Car & Foundry. 32 Am Car & Found pf. 19 Am Chainpf... 46Y% Am Chicle (134) 20% Am Comel Alcohol 61 Am Crystal Sugar.. 46% Am Crystal Sug pf., 2 113 Am Encaustic....es 43 Am & Foreign Pwr., 11 Am & For Pw pf(6). 11% Am & For Pw pf(7). 6's Am & For Pw 2d of. 10% Am Hawali SS (1).. 2614 Am Home Prod 2.40 3% Am Ice CO...eauunn 4% Am International.. 4, Am La France (k).. 3% Am La Fran pf (k) 1413 Am Locomotive. ... 3513 Am Locomotive 12% Am Mch & Fdy (1) 314 Am Mach & Metals 4'3 Am Mach & Met ctf. 13% Am Metals.......on 3's Am Power & Light.. 10% Am P&L $5 pf(1%). 11 Am P&L $6 pf(13%). 10 Am Radiator. . 1315 Am Rolling Mills. ., 36 Am Safety Raz (4) .~ 213 Am Seating... 17% Am Shipbldg (2) 30l Am Sm & Ref...... T1% Am Sm & Ref 6% pf 100 Am Sm&Ref pf(7)., 48% Am Snuff (13%).... 10'4 Am Steel Foundry.. 5974 Am Stl Fdry pf (2).. 19 87 Am Stores (12%).. 46 Am Sugar (2) 13% Am Sum Tob(11%).x lZaV. 100 Am Tel & Tel (9)... 85’3 65% Am Tobacco (5)..ee 89 67 Am Tobacco B (6) . 129 10714 Am Tobacco pf (6). 28%, 4 Am Type Fou pf(k) 275 12% Am Water Wks (1). 17% 7 Am Woolen 83t 36 Am Wool pf'(h2%). 4 1 Am Writ Paper (k). 9 3% Am Zinc & Lead. 10 Anaconda Copper. 13 Anchor Cap (60c). 26'% Archer-Dan (t1%3) 761 Armour Del pf (7) 313 Armour of Illinois. 46% Armour, 11 pr pf(6) 3 Arnold Constable. .. 41, Artloom Corp. . 65 Artoom pf (j13). 714 Asso Dry Good 4514 Atch TO& S F ( 0% At To & S Fe pf (5). 413 Atlantic Coast Line /13 Atlantic Ref (1)... 85' Atlas Powder (2).. x 5'3 Atlas Tack.. . 1615 Auburn Auto 29% Austin Nich p 3% Aviation Corp Del.. S m - u;.m»-muu:m- Rt SrnanOE a- - 2 pe S Doromaiced 16 341y 374 41, Baldwin Loco. 161 Baldwin Loco pf..u 131 Baltimore & Ohio. .. 16 Baltimore & Ohio pf 35'; Bang & Arros(2%).x 214 Barker Bri 57 Barnsdall Corp 23 Bayuk Clgar (g1).. x 10% Beatrice Creamery 58 Beech-NutP (13%) x 874 Belding-Hem h50c.. 9% Bendix Aviation. . .. 121 Beneficial Loan 1%. 26 Best&Co (1%). 2414 Bethlehem Stee 5473 Beth Steel pf (J1%). 19% Bigelow-San (h1). 6 Blaw Knox €% Boeing Aerop! 441 Bohn Alumna&Bri 76 Bon Ami (A) (16).. 19% Borden Co (1.60) 16% Borg Warner(11%) 12 Briggs Mfg (11%).. 14 Briggs&Strat 11.20. 26 Bristol-Myers 12.40. 28% Bklyn-Man T(h76c) 8214 Bklyn-Man Tr 2. (6) 50 Bklyn Union Gat 4 Brunswick-Balke. 314 Bucyrus-Erte. 6 Bucyrus-Erle-cv ptf. 3 Budd (EG) Mfg... 16 Budd (EG) pf. 57 Bullard Co. 4 Burns Bros pf. 10 Burr Add M(n{63¢c). 5% Bush Tr BIdg pt ct. 113 Butte Cop & Zire. 1% Butterick Co~. 325, 138 Byers (A M).. 67'» 40 Byers (A M) of. _— 44% 18% Calitornia PXg 1% .. 14 Callahan Zinc, 2% Calumet & H 121 Canada Dry G A 107 Canadian Pacific. .« 2814 Cannon Mills (2). 35 Case (J 1) Co.. 567 Case (J 1) pf (4)... 28 Caterpillar Tr t11z., 17% Celanese Corp. 1% Celotex Co (K)...o 1 Celotex vte (K).. 614 Celotex Co pf (k). 20 Cent Aguire (1%). 53 Central R Rof NJ.. 82 Century RibMpf(7), 30% Cerro de Pasco (2). 3% Certain-teed Prod. . 515 Checker Cab Mfg... 391 Ches & OBI0 (2.50) = 34 Ches Corp (3%)...e 1% Chi Great Western.. 4 ChiGreat Westn pf. 214 Chi Mil St P & Pac.. 3% Chi Mil St P& P of. 43; Chi & Northwestern ‘8% Chi & Northwest pf. 3% Chi Pneumatic Tool 14% Chi-Pneu Tool pf. . . 3 C RI&Pac 1% pf (k) 19% Chickasha CO (2).. 3% Childs Co.. . 29% Chrysler Corp 1 17% City Ice & Fuel (2), 3 67 City Ice & F pf(6%) 150u 26 Cluett-Peabody (1). 95% Coca-Cola (1) ...« 9% Colgate-P-P (175¢)« 6815 Colg-Palm-P ot (6). 10 Collins & Aikman.. 13 Colo & Sou 1st pf... 11 Colo&South'n 2d pf. 6% Col Gas & Elec..... 52 ColG&EIDLA (6)a 2114 Colum Pie vte (m1). 58 Columb Carben 3. 18% Comel Credit (1)... 38 Comcl Cred (A) (3) 913 Comc’l C 18t pt 6% .. 35% Comc’l Inv TA 12%.. 15% Comcl Solv (60¢).. x 1 Comwith & South. . 21% Comwith & 8 of (6). 5 Conde Nast Pub.... 22 Congoleum-N (12). x T Congress Cigar. 5% Consol CIgaF. ... ..o 49 ConCgprpfxwél 1% Consol Film. - 104 Consol Film pf (2. 21% Consol Gas N X (3). 80 Consol Gas pf (6)eer 7% Consol O1l (h42¢) il 803 10% 9% 145 o 4“4 15' 15'5 19% 15% 3l 4t 46 3 80s 14 5% Contl Baking (A)..: % Contl Baking (B) e.u 56% Cont Can (2.40)...u 6 Contl Diamond Fib. 23% Contl Insur (1.20) % Contl Motors. . 15% Contl O, Del(h50¢c).: 40% Corn EXBK&TT (3).. 551 Corn Prod Ret (3).. 150 135 Corn Products of 7. 34% 4 35%Crown C&S ot 310, x 6% 3% Crown-Zellerback.. 88% 17 Crucible Stetlesaee / THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, NOVEMBER 28, 1934, TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE |[STOCKSREGISTER Recelved by Private Wire Direct to The Evening Star. 11 T% 20 6 % 6% 136 129 4 19% 45»- 6 €8% UR llfi 148 2:55 Net Add 00. High. Low. Close. Chge. u1r +3 % + % 30% + % €% 136 + % 129 + % 15% + % 16% 3 47% 464 154% 45 25% 1138 FHA I+t I+ 1+ 040 b+ + 0+ (ES 8 dAA A+ +l4+1++ + [ R S FrREFPFE e ++ % % ) + % % -1% 3 19% 48% 6 +1 34% + % 13% - 4 +% 4% - % 2%+ % Previous — 1034 — High ~ Low. 9% (3 b2% 29% 88 54 12% 21% 2:30pm. Stocks and Sales. Dividenu Rate. 37 Cudahy Pack (3%). 13% Curtis Publishing .. 435 Curtis Pub pf J4% e 2% Curtiss Wright, 5% Curtiss-Wright A 1] Cutler Hammer.... 34w 18 3% 384 13% 84 b6% 34 10% Deere & Co. 10% Deere&Co pf (49¢).. 35 Delaware & Hudson 14 Del Lack & West. 43 Denver & R G W of. 6314 Detroft Edison (4) .. 29 DevoskRay(A) 13.. 28% Diamnd Mch pt 1%, 461 32 Dome Mines (133). 28l 1434 Douglas Afreraft... 130 11% 3 Dunhill Internatl 2 110 100 Duplan Silk pf (8 103% %0 Dupontde N (13%). 1273115 DuPont deb (§).... 128 116% 2214 19% 4% Kastern Roll Milis.. 4 79 Eastman Kodak (4) 124 Baton MIg1). ... Eitington-Si Elec Auto Lit: Elec Auto Lite Electric Boat. .. 4% E1&Mus Ind(h19c). L7y Klec Pwr& Lt. . 6 Elec Pwr&Lt §6 pf.. 6% Elec Pwr&Lt $7 of,, 84 Elec Storage B 2% .. 2'4 Engineers Pub Sve.. 10% Eng Pub Sve $5 pt. . 11 Eng P S $5.60 of ww 13 Eng Pub Sve $6 of.. 5 Equit Ofice BIIE... 9% Erfe R R 14% Erfe RR 7 Eureka VaeCl (EOI:) 9 Evans Auto Proa... 3 Exchange Buffet. 12 7 Fairbanks-Morse 4 Fed Lt & Trac 2 Fed Screw Wo 1 Fed Water Sve (A). 20 Fed'd D Stores(t1). 23% Fid Ph F In (1.20) .a 87 Filene's pf (6%)... 131 Firestone (40c) 71 Firestonie pt A (6).., 54'4 First Nat-Strs(2%) 2 Follansbee Bros (k) 10's Food Machinery. '3 Foster-Wheeler w. Foundation Co. : Fourth N ln\!lhl“)c’ §i4 Fox Flm (A). 20 Franklin $im 21'; Kreeport-Texas 12). 14 FullerCoprof..... 5 Fuller Co 2d of.. ’H' 812 Gamewell Co. ... 5% Gen Am Investors.. 30 Gen Am Trans (1).. 2 Gen Asphalt. n Baking (h656) = 4'. Gen Cable (A) Gen Cable pf . 167 Gen Electric (60c).. 11% Gen Elec spe (60c) .. I8 Gen Foods (1.80).., * Gen Gas & El (A) Gen Mills (3). Gen Mills pf (6) . 4% Gen Motors (T1%) w 89% Gen Motors of (5).., 41¢ Gen Outdoors Adv.. 8% Gen Outdoors Adv A 2 Gen Public Service.. 1 Gen Realty & Util.. 10'4 Gen Refractories..s 10 Gen Refracctfs.... 17% Gen Stl Casting pf.. 50s iy Gillette Saf Raz(1) x 12 47 GilletteSaf Rpf(6) 2 % Gimbel Bros - 1 « Glidden Co (11.16).. 83 Glidden prof (1)... 3% Gobel (AdOIf). .eeem 16 Gold Dust (1.20)..e % Goodrich (B F) 35% Goodrich (B F) 184 Goodyear T & Rul 64 Goodyear 37 pf (4).x 37 Gotham Silk Ho 491, Gotham S H pf (1) 133 Graham-Paige. ... 4 Granby Consol. 4 Grand Unton.... 3 Grand Union pf (X). Grant (WT) (1)... 4 Great Northern of.. 2 Grt North Ore h50c. Great West Sug 2.40 Great W Sug pt (7). % Guantanamo Sugar. 12 Gulf Mobile & N pf.. 30 35% 25 1163, 102 35% 31 27 Hack WptA (1%). 314 Hann Dept Stor 25% Hahn Dpt Strs pt 3% Hamilton Watch... Hamilton Watch pf. 54 Hanna (M A) pf (7) 13 Hat Corp (A)eeennn 19% Hat Corp ot, 1'% Hayes Body. . 74 Hazel Atlas Gl dfll.- w101 Helme (G W) (17). 0 1231; Helme(GW) pt (7). $1% 59 Hercules Powder(3) 5 111 Hercules Pw nf(7).. 314 4815 Hershey Choc (3).. 83 Hershey Ch pf (15). 4% Holland Furnace. .. 310 Homestake M(128). 11 Houd-Hersh A j2%. % Houdaille-Hersh B.. 2 House Fin pf(3%). 213 Houston Oll (new) . 3514 Howe Sound (3).... 4'; Hudson Manhattan. 6'4« Hudson Motor Car.. 17s Hupp Motor: —_— 13% L1linots Central 22 11l Central pf. 19% Indus Rayon (1. 4915 Ingersoll-Rand (2). 34% Inland Steel(h50¢).. 2% Inspiration Copper. 214 Insur Sh ct Md 10e.. 533 Interboro Rp Tr(k). 4 Interlake Iron..... 2 Int Agriculture.... 15 Int Agriculture f.. 131 Int Bus Mach (p6).. 414 Int-Carriers Ltd 20¢ 3 18% [nt Cement.......s 23 23% Int Harvester 60c. 26 91 2% Int Hvdro Elec (A). 16 °9% 21 Igt Nick Can (60c). x 28 130 115% 18 ek Can pf (7). 313 1 Int Paper & Pw (B) 7 Int Paper & Pw (C). 814 Int Paper & Pw of., 9 Int Print Ink(h25¢) 3% Int Shoe (2) 59 Int Silver pf T4 Int Tel & Teleg. 31 Interstate Dept St.. 12 101 104 1214 87% 4674 9 57 33 Jewel Tea (13%)...x 66% 39 Johns-Manville. 77 45 Jones&Laugh 7 —_— 19v. 6% Kans City South...: 11% Kans City South pf, 1% Kelly Spring Tire. . 113 Kelvinator C(t70¢c). 65% Kendall pf (+6.92) 16 Kennecott C(60e) 10 Kimberly-Clark 214 Kresge Dept Stores. 13% Kresge (SS) (1)..4s Kresge (S S) pf(7). 65 36 Kress (S H) (f1)... 33% 23% Kroger Gr&Bak 20 LacledeGasStL... 22% Lambert Co (3) 7" Lee Rub&Tire(40¢). 11 Leh Port Cement..s 5 Lehigh Val Coal pf. 914 Lehigh Valley R R.. 64% Lehman Corp (2.40) 22% Lib O-Ford Gl 1. 174 Life Saver (1.60)... T4% Ligg & Myers B 5. 16 Lily TulipCup(1%)x 5 11% Link Belt (40¢c) . 1 16% Liquid Carb (11%). 10 20% Loew’s Inc (1). - W 1035’. 72 Loew’sIncpf (6%). 1% Loft InC..... 1 1 Long Bell Lum (A) 1 44% 33% Loose-Wiles (3)... 4 19 15% Lorillard (P) 1.20.. Add 00. High. 10s 107 18 100 4127% % 10 114% 34'3 3\!! 1051 174 6% 28% 38% 3 23% 1127 1% 1% 11% 22% 44 29%, 19‘/: 17% 24% 35% 1104 4 1% 2% 36% 19 21 120 102 Lorillard(P) of (7). llOl 120 3% 1 LouistanaOfl...... 21 13 Louisv GEE(A)1% x l 6214 37% Louisv & Nash(h3). 14 19% 8% Ludlum Steel. 12 40% 30 MacAnd&F(12.35). 8 32 24 McCallCorp (2)...s 2 84 13 McCrory Sus A (k), 1% 14% 16 1% 1154 31 10613 23 275% 11% 14% 12% 11% 69% 28% 21% 11 109% 109 19% 1734 23% 343, 104 1% 2% 36 45% +1% 4% + % 20% — % 884 + 3 2%+ % 9 +% 16% + W 23% + 1% 1% + % 4% + % 19% 5% 1 5% 82 + 1% +1= + i + U +1% +1 + % + 15 410y = -1 [N 1 ++ +++44+01+ +1+ Previous Stocks and .. Dividend Rate. 1% McCrory Strs B(k). 3 3814 MclIatyre Porcu (3) 12 79 McKeesport T P (4) 1 4% McKesson & Rob. 7 11% McKesson & Rob pt. 1 McLellan Stores(k) 9% )(u!ulln stn ot(k) 35w Macy (RID A& Coidh 2% Madison Sa Garden. 15% Magma Cop (h1%) 1% Mallison & Co. 7% Mallison & Co p! ~10% Man Elevm g (k). 4% Marancha Corp 5% Marine Midld(40c) . 17 Marlin-Rockwell(2) 8% Marshall Fleld..... 4 Martin Parry... 23% Mathieson Alk(1%) 1 30 May Dept S (1.60).. 1 4% Maytag Co. . 10 Maytag pf wiw §1% - 26 Melville Shoe (3)..3 314 Mengel Co. .. 16% Mesta Machine (3). 9% Mid-Cont Pet h50e.. 614 Midland Steel Prod. 44 Mid St1 P 1st pf (4). 36 Minn-Hon Reg(13)n 1% Minn Moline Pow. . 15 Minn Moline Pwr pt 4% Mo Kan & Texas. . .. 13% Mo Kan & Texas pf. 2 Mo Pacific(k). 3 Mo Pacific of (k) 39 Momsanto C (t1%).. 20 Montgomery Ward.. 1 Mother Lode....cas 15% Motor Products. . ew 6% Motor Wheel. 5% Mullins Mfg. 11% 3% Murray Corp... 30 14 Myer(FE)&Col. — 3214 12% Nash Motors ¢1) 46 19% Nash Chat & St L... 150. 8% 4 Nat Acme Co. . 12% 3', Nat Bellas H pf (k). 495 28% Nat Biscuit (3). 23% 12 NatCash Reg A 6 18% Nat Dairy Prod 1.20 B Nat Dept Store (k). 281 Nat Dp St 1st pf(k) 260s 31 Nat Distillers 76 327% 16'; Nat En & Stpg(hl).. 6 163 135 Nat Lead (6) o 15% 6% Nat Pwr & Lt (80c). €0 584 34'; Nat Steel (1).. 6 213 10 Nat Supply Co.. 60 331 Nat SUDDIY Dfureeas 18% 9 NatTea (60c)..... 30% 6% Neisner Brot 13 64 Newport Industrie 24% 11'3 N Y Alr Brak 46% 18% N Y Central. 2% 9 NYChicago&StL. 16 NYChi&StLpt... N Y Dock pf.... & Harlem (5).. Investors (k) NH& Hartfd.. NH&HDI...u 14% 21% 8% 6 5% 35% 14% B4% 6 LS 615 35% 1% 44y 165 16% vu N Y Shipbldg (40c). 73 N Y Steam pf (6)... 90 N Y Steam 1st (7). ‘4 Noranda Mines (h2) Norfolk&Wn(t10).. 82 Norf & West pf (4). 2% North Am Aviation. 10% North Am (1), 54 North Amer pf (2) . ¢ North Am Ed pf(6). 14'5 Northern Pacifie 1)57 100 8% 25% 8153 0h10 Oil (h45e). ..., 2 Oliver Farm Equip. 27% 9 Oliver FEqprpfA. 64 3% Omnibus Corp. 19% 131 Otis Elevator ¢ 103 92 Otis Elev pt (6). L] 3% Otis Steal. .. 25 9 Otis Steel pr pf. 94 60 Owens-Ill Glass(4). 12% PacificG& E (1%). 45 208, Pacific Lightine(3). 7 97x Pacific Mills (h50e) 1 707 Pacific Tel&Tel(6). 1508 &'3 Pac W'n Oil(h40e) 2% Packard Motor. . 13, Par-Publix ctfe(k). 215 Park Utah. 13 Patne Excha 1012 Pathe Exchange A .. 1213 Patino M1 448 Penick & Ford (). x 5132 Penney v C (13.30). 27 Penn Dixie Cement. 20% Penn RR (h1).. 19% Peoples Gas Chi Pere Marquett Pere Marquette p! 18 Pere Marquet pr pt. 814 Petrol Corp (h50c). 13% Phelps Dodge h15e. x 3% Phila & Head C& 1. 113 Philip Morris (1).. 7 Phillips-Jones Corp 13% Phiilips Pet (1). 3 Pierc 12 Plerce U1, 5 Plerce Ofl pf. 7a Plerce Petroleum.. 1814 Pillsburv Flour 1 60 70' Pirelli Co(A) (h4 4 T3 Patts Coal 141's Pitts FW&C pf ( l 412 Pitts Scyew & Bolt. 1's Pitts United Corp. . 258 Pitts United Corp p1 8 Plymouth Oil g7ic., 5% Press Stl Car nf(k). 33% Proc&Gamb (11.70). 102% Proc & Gamb pf (5) 210s 26 PubSvcNJ (3.80).x 48 67 PubSve NJpf (6).x 35% Pullman Ine (3) 6% Pure Oll. 49 PureOilp 3% Purity B: 4% Radio Corp. . 23% Radio Corp pf (A) 15 Radio Corp pf (B) 1% Radio-Keith-Or (k). 1412 Raybestos-Man (1) x 354 Reading (2)........ 35 Real Silk Hosry pt 6 Remington-Rand. .- 32% Remington-R 18t pf 30 Rem Rand 2d pf.... 2 Keo Motor Car... 10% Republic Steel. ... 3315 Republic Steel pf. .. 15% Reynolds Metals(1) 613 Reynolds Sp (40c) 57 Reynolds Tob (3). 39% Reymolds Tob B (3). 20% Roan Antelope Ltd.. 38% Safeway Stores (3) 98Y; Safeway Strs pf (1) 15% St Joseph L(h30¢).. 1% St Louis San Fr(k). 13 St L San Fr of (k). 13 St Louis Southwn p 5% Savage Arms 17% Schenley Distille; l. 3 Schulte Retail Str: 3 15 Schulte Ret Strs pf. 90s 41 Scott Paper (1.10).. 11 8 Seaboard Alr L (k), 20% Seab'd Oil(Del) t1..x DOLLAR ADVANCES ON LONDON MART Closes at 4.98 9-16 to Pound, or 3 of a Cent Higher Than Yesterday’s Level. By the Associated Press. LONDON, November 28.—The United States dollar gained % cent today, closing at 4.989-16 to the pound as compared to yesterday's close of 4.9815-16. The opening was at 4.98%. The French franc closed at 75.63 to the pound as compared with yester- day’s close of 75.70. The price of bar gold advanced 3% pence to 139 shillings, 7!: pence ($34.81) a fine ounce and an amount valued at £112,000 ($558,810) was purchased. PARIS, November 28 (4 —Three per cent rentes, 75 francs, 95 centimes; 4% per cent rentes, 90.50. Exchange on London, 75.64. The dollar was quoted at 15.16%. ‘ Add 00. High. Previous ~— 1934 — High Low. 4% b1 Stocks and 213 Seagrave Corp 81 Sears Roebuck. 4% Servel Ine. 5% Sharon Steel 4 Sharp & Donme 6% Shattuek(FG)(24c), 6 Shell Union Oil..... 57 Shell Union Ofl pf.. 8 Silver King CM 40c. 8% Simmons Co...... T4 Simms Pet (h5be) . 1814 Sloss-Shefheld pt. .z 6% Snider Packy: 121 Socony-Vae (l.‘) - 86 SolvAmpf wwb%. 23% Sou Po Rico Sug(2). 10% South Cal £4 (13%) . 147 Southern Pacific. . o1 11% Southern Raflway w 14 Southern Rwy pf... 5 Spalding (A G). 274 Sparks-Withington. 15% Spencer Kellog 1.60. 5% Sperry Corp. J 72 19 Spiegel-May-Stern.. 26% 17% Stand Brands (1)... 127 121% Stand Brands of (7) 8 3 Stand Com Tobacco. 17 5 Stand Gas& Elee. .. 17 5% Stand Gas & Elec pt 15 Stand G&E pf(1.80) 16 Stand G&E pf (2.10) 26'5 Stand Oil of Cal (1). 9614 Stand Oil Exp pf(5) 23% Stand Oil of Ind(1). 39% Stand Ofl NJ(+1%). 6 Starrett (LS)...... 47% Sterling Prod (3.30) 1% Sterling Secur (A). 415 Stewart-Warner. . ., 4% Stone & Webster. .. 1% Studebaker (k). ..o 10 Studebaker of (k)., 1% Supertor Ofl. . 4% Superior Stesl 314 Sweets Co of Am % Symington. ... 9 13% T 18% +4 FEOFFF + 3 T's Telautograph (1).. 31 Tennessee Corp 19% Texas Corp (1).. 40 Tex Gulf Sulph (3) x 13% Texas& PacR R... 23 Tex Pac Coal & Ofl.. 6% Tex Pae Land Trust 8 Thatche Mfg(h25c) 39 Thatcher Mf pf 3.60 50 The Fair pf (j3%).. 4 Thermold Co. 131 Third Nat In (h85c) 10 Thompson Products 1% Thomnson Starrett. 8 Tide Water Asso.., 645 Tide W A pf(36%) .0 80 Tide Wat Oil pf (5). 3% Timken-Detroft..., 24 Timken R B (11%). 5% Transamerica h26e. 31 Tr1-Contl COrp. ..es 33 Trieo Prod (2%)... 1% Truax-Traer Coal. . 9% 3% Truscon Steel. . &3 1% TwinCity RT. 39 6 TwinCity RT ot 293, 431 i + 6 Und-Ell-Fisher (2). 13% Un Otl of Calif (1) 90 Union Pacific (6).. x 71% Union Pacific of (4) 15% % Un Tank Car (1.20). « Unit Aircraft 3‘. Unit Air Lines & T., Unit Carb (3.40)... « Unit Corp. ... 24’ UnitCorp of (3).. 94 Unit Drug. . » Unit Elec Coal, 59 Unit Fruit (3). 11% Unit Gas Imp(1.20) x 4 Unit Piece Dye Wka 80z Unit Piece D W pf.. 1'; U S Distributing. ... 4 U S Distributing pf. 11 US Freight (1).... 341 U S Gypsum (11%). 115 4% U S Hoffman....... 32 U SIndus Ale-l.l. . 5% U S Leather.. - 7 US Leather (A)...; 45 US Leather prpf.., 1515 U 8 Pipe & F (50c) .. 16's U S P&F 1st pf 1.20 4 U S Realty & Imp.. 11 . 24'4 U S Rubber 1st pf. .. 96% US Smelt & R (h9). 541: USSm&R pf(3%3) 4 s Univ Pipe & Rad... 1% Ul Pwr & Lt (A).. % Vadsco Sales Corp.. 14 Vanadium COrp.... 4'3 Van Raalte. 245 Vick Chem (12., 1% Va-Car Chemical. .. 10 Va-Car Chem 6% pf 2% Wabash pf (A) (k). 2 Waigreen Co (m1) Walgreen pf (6%).. « Walworth Co. 1'¢ \WVard Baking 24 Ward Baking pt (2) 2% Warner Bros Plo. '« Warren Broi s Warren F & P (k1) 3 Webster Eisenlonr.. i Wells Fargo, 154 Wesson O & 5213 Wesson O&S pt (4). 44'2 West Pa Elec A (7). 78% West PennPw pf(6) 8913 West PennPw p£(7) Tia Western Md. . 2% Western Pacific.... 4% Western Pacific pf.. 29 Western Union..... £41 27% Westinghouse Kiec. #2 Westinghse 1st 3%, 6 Weston Elec Inst. .. 16% Weston Elec A (2 15 White Motor. 114 White Sew Mch.... 5 White Sew Mch pf. 213 Wilcox Oll & Gas... 12 Wilson & Co (A)... 58 Wilson & Co pf(j7). 41% Woolworth (2.40).. 131 Worthington Pmbp.. 31'3 Worth Pump pf A.. 16% Wright Aero....... 14 Yate&Towne(60c).. 2% Yellow Truek.....e 28 Yellow Truck pf. 3 YoungSp&W(11%). 12% Youngstown S & T .. _— T% 3% Zonite Products. . .. Sales of Stocks on New 11:00 A.M. 0,000 1z 1 PM.. «+ 620,000 tions. 9% i stoo s Paid lasi year—no Payi stock. lqul o G dividends paid this year. s B0 stoc ¥ me dwviaens Helme Co. Votes Special Extra of $4.75 on Common Yy 26% + % York Security Aetna Fire (1 Ae Lite By the Associated Press. NEW YORK, November 28.—Direc- tors of the G. W. Helme Co., snuff and tobacco manufacturers, declared a special extra dividend of $4.75 on the common stock, along with the usual annual extra of $2 and the regular quarterly diivdend of $1.25, all pay- able January 2 to stock of record December 10. Directors of Hercules Powder Co. declared an extra dividend of 75 cents and the regular quarterly dividend of 75 cents a share on the common stock, both payable December 21 to stock of record December 10. A year ago a similar extra was declared. Firemens Ins Frank Pire (1. Glen Falls (1.6 Hartford Fire Sun Life Travelers (16} U 8 Pir U S Gypsum pt (7). 1408 2:00 P.M. . Dividend rates as given in the above table are the annua! payments basec on the iatest quarterly or balf-yearly declara- s Unt utklrlflln( less than 100 shares e in cash or Aml. 1Plus $1 in tock. b year. Aetna Cas (2%) K Hanover /(1.60 Home Fire Sec 3 3 Sorinefeld (415) FINANCI 2:55 Net Bal Dividepd Rate. Add 00. High. la' Close. Chge. 4 4% 41% — 'l\fi * ’/A 6'«""\6 8 —-h % — % Tox T 1 -% K3 105‘6 105% + 24 ll% 128 + 18% 18% 16% 167 T444++4+4+0 11 Al L+ EESETEREPEEFT ot G OTRTes 11> R ) o s Oy oy Fwrmesildanie il naf cornasadxmn + 4+ * % 3% [ 4444+ " i % P44 ora ce~lanBER Rl eanln . -~ [REES 40 lOl 10 6 11 1 E R © CREESE I+4b+4 444+ 23 iy [ 4 !m Exchnn. :00 Noon.. - 790,000 1Partly extra. regular uu. b Pa; l”f: | nm T Accomuiated n receivership. this ye: reported m INSURANCE STOCKS NEW YORK. November 29 (P).—New Dealers’ Association: Bid. Asked. 8% 10 0) ) 2 Zwae o 19 FoSism e S OREES TR 252 e (1.70% Westclester ' (140 JIncluding extras 30% - Declared or paid so for this year. JOINS RAIL BOARD. NEW YORK, November 28 (#).— Jerome J. Hanauer, New York banker, has been elected a director of the Illi- nois Central Railroad, ! \ Farm Machinery Sale Planned. Mexico will sell agricultural imple- ments ‘o farmers on time. wl AL, FURTHER ADVANCE Scattered Selling Offset by Buying in Metal and Utility Shares. BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, November 28.—The stock market had a firm tone today. ‘There was some scattered selling dur- ing the forenoon, but late buying in utilities and metals strengthened the general list. Consolidated Gas more than canceled an early point loss. Advances of around 1 to 2 points were recorded by American Telephone, United States Steel, Public Service of New Jersey, United States Smelting, Case, Union Pacific and International Cement. Transfers approximated 1,- 100,000 shares. Leading commodities also mani- fested the holiday spirit. Wheat and corn rose major fractions to a cent a bushel in the earlier hours, and cot- ton about 50 cents a bale. Bonds were steady to firm. Shares advancing about 1 to 2 points by early afternoon included United States Steel, Chrysler, Case, International Harvester, Douglas, Al- lied Chemical, Union Pacific, Atlantic Coast Line, du Pont, Spiegel-May- Stern and George W. Helme. Issues up fractionally included American Can, Republic Steel, Bethlehem, Gen- eral Motors, Deere, Santa Fe, Union Carbide, United Aircraft, Socony Vacuum, and others. Consolidated Gas lost about a point, evidently in response to the proposed New York City utilities tax of 3 per cent. The proposed city sales tax of 2 per cent may have been a factor in a sag or more than a point in Macy, but other local merchandising shares were quiet and about unchanged. American Telephone, New York Central and i Standard of New Jersey sagged frac- tions. Favorable midweek trade statistics together with further encouraging div- idend news, evidently kept the mar- ket on the upgrade. G. W. Helme di- rectors ordered extra dividends total- ing $6.75 a share, which had evidently | been largely discounted in the recent |advance of the stock, for it slid off momentarily on the announcement. Hercules Powder directors ordered an extra of 75 cents, in addition to the regular, and late yesterday American directors ordered an extra disburse- ment of $1 a share. —_ ‘| DIVIDENDS RESUMED. | NEW YORK, November 28 (#).—In- | ternational Cement Corp. resumed | dividends with the declaration of a ’23 cent disbursement on the capital | stock, payable December 31, to stock of record December 11. The previous | ;lig\axzdcnd was 50 cents, paid March 31, | _— RUBEROID EXTRA VOTED. NEW YORK, November 28 (#).— Ruberoid Co. declared an extra divie | dend of 25 cents and the regular quar- terly dividend of 25 cents on the com- mon stock payable December 15 t0 | stock of record December 1. RAILROAD EARNINGS. NEW YORK. November 28 (P —Rail- TOACs reporting for Oclober showed net op- erating revenues as follows | Atiantic_Coast Line Den. & Rio Gr. W Applications apartment; properties. Tyler & Rutherford, Inc. Mortgage Loan Ccrrespondents Mutual Benefit Life Insurance Co. 1520 K St. N.W. Na. 0475 invited for Loans on business and res Thomas L. Hume, Jr. 1426 G St. N.W. Nat. 0015 “The Investment of the Ages” We Will Make First Trust Construction Loans on Residential Properties Promot Action on Application Real Estate Mortgage and Guaranty Corporation 1610 K St. NW. BUILDING ASSOCIATION 7th St. & Indiana Ave. N.W. LOANS On Improved District of Columbia Real Estate Security 73rd series of stock now open for subscription MON!EOY — LOAN 6% No Renewals No Comml-lnnl 12 Years to Repa: $10.00 Per Month Per uooou COLUMBIA PERMANENT BUILDING ASSOCIATION 733 12th St. N.W. CHRISTMAS SAVINGS Checks May Be Used to Open an Account or Will Be COLUMBIA BUILDING ASSOCIATION 716 11th St. N.W. “Where Savings Are Safe” This Association Has Paid 50 /0 Compounded Semi-Annually For Over a Quarter Century A HOME FOR YOUR MONEY or