Evening Star Newspaper, December 4, 1934, Page 16

FINANCIAL. FINANCIAL. D. C, TUESDAY, DECEMBER 4, 1934, TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE |[|ST0CKLIST HRM = AS VOLUME GAINS A—16 ®*+ THE EVENING STAR, WASHINGTON, JOURNALIST GIVES ,’ BOND CLUB TALK 2:30 p.m. Btocks and Sales. 2:30 pm. Previous Sales. 2:30 p.m. Sales Prev.ous ~— 1934 — Stocks and Previous — 1034 — Previous 2:30 p.m. — 1934 — Stocks and 2:55 Net 2:55 Net Sales. 2:55 Net Stocks and 2:55 Net Sir Willmott Lewis Speaker at First Meeting of Winter Season. BY EDWARD C. STONE. Sir Willmott Lewis, the dis- tinguished journalist who has been the Washington correspondent of the London Times for many years, ad- dressed the members of the Bond Club of ‘Washington at the Carlton Hotel this noon. It was the club’s first meeting of the Winter sea- son. Sir Willmott discussed various economic matters of great interest both to this country and Eu- rope. A keen student of inter- national finance, he presented many ideas of special value to the Bond Club nembers who are keeping their fingers as closely as possible on the investment pulse and at the same time irying to sauge 1935 prospects. James P. Nolan of Folger & Nolan, president of the club this year, pre- sided. More than 75 members and guests were present at the luncheon. The enthusiasm indicated that the bond men sre much more cheerful than they were at this time last year and are looking forward to steadily increasing business. In addition to President Nolan, the officers of Bond Club include: James H. Lemon, vice president; Karl R. Kurtz, secretary and treasurer. These officers, together with L Clark Brown and T. C. Montgomery make up the Executive Committee. 50,000,000 Accounts Insured, The Federal Insurance Corp.'s re- port that 14,004 banks on October 1 were carrying insurance on 44 per cent of their deposits, at the same time fully insuring the accounts of 98.4 per cent of their depositors’ ac- counts, has aroused much interest here. The figures, which cover all but 163 insured banks, show total insured deposits amounting to $16,188.317. 000, as against uninsured deposits ag- gregating $20,277.446.000. The num- ber of fully insured depositors totaled 49,800,398, while 809,509 depositors had their accounts partly insured This is the first time that figures have been available on the actuai number of depositors having $5.000 or less to their credit, the maximum insurable deposit. and the number having in excess of $5.000. Less than 1.5 per cent of the depositors in in- sured banks other than mutual save ings banks have deposits of more than $5.000. The ratio of insured deposits to all deposits was 42 per cent for national | banks, 32 per cent for State member | banks of the Reserve System, 72 per cent for other State banks, 88 per cent for mutual savings banks hav-|{ ing maximum insurance of $5.000. and 68 per cent for mutual savings' banks having maximum insurance of $2,500. Knappen Compares Recovery. Theodore M. Knappen of Wash- ington, one of the editors of the Magazine of Wall Street, presents an interesting comparison of British and American recovery in the current number. He says, in part: “Whatever else may be said about Britain's policy in dealing with the depression, this much is certain. The march of events pushed her off the gold standard September 20, 1931, and she was astounded to find herself still alive at the bottom of the cliff. More astounded still to find that the great leap had been positively beneficial. | ‘What all England fou against as an unmitigated evil turned out to be a blessing. “The United States. on the con- trary, deliberately abandoned the gold standard, and has been involved in a debate ever since as to whether that considered step was a fatal error or a great blessing. Broadly speaking, from the day of the departure from gold until now England has let nature take her ccurse, whereas the United States has undertaken to master fate. “Most Americans are sure that we are going to pull out of this depres- sion in due time, and a considerable margin of them believe that more sumptuous and opulent times are ahead than we have experienced in the most golden past. “In England, while there is satis- faction in solid revival. there is a well-founded feeling that it cannot g0 much further. The reason is that most thinking Englishmen attribute their measure of recovery to the ex- pansion of domestic products into the void created by curtailment of foreign purchases through protective tariffs and depreciation of the pound. They fear that ‘saturation’ of the home market has now been attained and that there is little likelihood of fur- ther recovery of domestic industry and trade.” Treasury Sale Impressive. ‘The Treasury’'s announcement of the closing of the books on the cash offering of $900,000,000 of bonds and notes to be issued on December 15, caused surprise and much favorable comment among bankers here. Sell- ing $900,000,000 in new issues in a single day indicates that banks and individuals were eager to get hold the new securities. Treasury officials said that it was the first time in four years or more that a bond issue had been entirely sold on the day of its offering. Books were closed on both the $450,000,000 of 3!z per cent bonds and the $450,- 000,000 of 1's per cent notes last night. As noted in the financial press today, it was the first large increase in the direct debt of the Government since June 15 and the amount of the new funds was somewhat larger than had been looked for in many financial quarters. Christmas Clubs Start Well. It was reported in the financial district today that the new Christmas Savings Clubs for 1935 are getting away to a fine start. While the banks have not advertised the clubs as ex- tensively as usual, the thrift habit appears to have a very strong grip on former members. Bankers report that many members of the past year’s clubs are joining the 1935 rolls. In some banks both the number of new members and the amounts sub- scribed are already ahead of the 1934 marks. The Federal Reserve Bank of Rich- mond reports that increased activity in the building trades in the fifth Federal Reserve district has prevented a drop in employment which is cus- tomary at this season of the year. Washington banks had a substan- tial increase in November bank clear- ings over a year ago. Baltimore now reports November clearings as $208.- 500,994, egainst only $169,659,348 in November, 1933. N Sir Willmott Lewis. I i High. 11% 11% Low. Dividerd Rate. 6 Adams Expres: 6% Addressograph. 474 Affiliated Prod (60c) 91% Air Reduct'n t432.. 1% Airway Elec Appli.. 16% Alaska Jun (11.20). 13 Alleghany Corp. ... 5% Alleg Cp pf $30 ww.. 5% Alleg Cp pf $40 w 5 Alleg Corp pf XW.. 115% Allied Chem (6)...4 10% Allis-Chalmers..... 1113 Alpha Port Cement., 2% Amal Leather...... 39 Amerada Corp (2) 11% Am Bank Note 40 Am Bank Nte pf (3) 19% Am Brake Shoe 80c. 90% Am Can (15) . 21261 Am Can pf (7) 100 63 Tl Ry 10 18 3% 90 b4k 35 105 16'4¢ 328 44 12 Am Car & Foundry. 32 Am Car & Found pt. 415 Am Chain. .. . 19 AmChainpf....... 20% Am Coancl Alcohol.. 6% Am Crystal Sugar. . 4615 Am Crystal Sug pf. 14 Am Encaustic 4% Am European § 415 Am & Foreign Pwr., 11 Am & For Pw pf (6) 11% Am & For Pw pf (7) 61x Am & For Pw 2d pf. 10% Am Hawafian SS(1) 2614 Am Home Prod 2.40, 3% Am Ice Co.. 1413 Am Locomotiv 351 Am Locomotive pf.. 12‘- Am Mch & Fdy (1).. 3 Am Mach & Met ctf, liu Am Metals. .. 5 31; Am Power & Light. 11' Am P&L $6 pt (11 10 Am Radiator 2 1313 Am Rolling Mills. .. 36 Am Safety Razor(4) 17% Am Shipbldg (2)... 30% Am ¢ 48% Am Snuff ( 106 Am Snuff pt (6) 10% Am Steel Foundr Am Stores (1 Am Sugar (2).. Am Sug pf (7) Am Sum Tob (f1 Am Tobacco (5) Am Tobacco B (; Am Type Fdrs pi 2% Am Water Wks (1), Am Wat W 1st (6) .. Am Woolen. . Am Wool pf (h215) Am Writ Paper (k). An 4 Archer- Arche Armour Del pf (7). 2 Armour of Illinois. . Armour 111 pr pf (6) Arnold Constable. .. Artloom Corp hor Cap pe(6 -Dan (11} ch To&S F pf 2 Atlantic Coast Line. Atlantic Ref (l) . istin Nich pf on Corp Del 397 Au 3% Avia 415 Baldwin Loco. aldwin Loco p timore & Ohio. 16 Baltimore & Ohio pt 8613 Bamberger pf (613) 3513 Bang & Arros (213). 21, Barker Brothers. 21 2 13 3 110% 110% 110% - 1 6 4 1 1 6 19 1 4 21 12 408 1 10s 16 Barker Brothers p! 210. 67 Barnsdall Corp..... 23 Bayuk Cigar (g1) 89 Bayuk Cig st pf(7) 10% Beatrice Creamery.. 55 RBeatrice Crpf (T).s 874 Belding-Hem (h30c) 951, Belg Nat pt pf(7.02) 93, Bendix Aviation 121 Beneficial Loan 1% 26 Best & Co (112) 244 Bethlehem Steel 547 Beth Stl pf (31%) 6 Blaw KnoxX..... 88 Bloomingdale pf ( ) 28 Blumenthal pf 6% Boeing Aeroplane. . 4413 Bohn Alumn& Br(3) 76 Bon Ami (A) (15 19% Borden Co (1.60). 161 Borg Warner (11%). 5% Boston & Maine. .. Briggs&Strat 11.20, Bristol-Myers Brown S Brown S Bucyrus-Erie pf (2) Budd (E G) Mfg Budd (E G) Mfg D!. Budd Wheel. 57 Bullard Co. 4 Burns Bros an . 10' Burr Add M (nt65¢) % Bush Terminal (k).. 5% Bush Tr Bldg pf ct. 113 Butte Copper & Zine 13% Byers (A M) — e 18%, California Pkg(1%) 19 Callahan &inc. . . 2% Calumet & Hecla 6 Campbell-Wyant. lzw Canada Dry G A (1) Canadian Pacific b4 3 Cannon Mills (2). 35 Case (J D) Co.. 567 Case (J I) pf (4) 23 Caterpillar Tr t113.. 1714 Celanese Corp. 114 Celotex Co (k 615 Celotex Co pf (k). 19 Cent Aguire (13%) 53 Central RRof NJ.. 514 Century Rio Mills. .. sox. Cerro de Pasco (2) 4 Certain-teed pf.... ‘49’) Ches & Ohio (2.80).. 34 Ches-Corp (2%2) 1% Chi & Eastn 111 (k 1% Chi & E 111 pf (k). 17 Chi Great Western Chi Great West pf hi Mil St P &P pf.. 4% Chi & Northwestern 81% Chi & Northwest pf. 3% Chi Pneumatic Tool 14y Chi Pneu Tool pf... 2 ChiR1& Pac (k)... 2 CRI&PE6% pf (k). 913 Chi Yellow Cab (1) 19% Chickasha CO (2).. 33 Childs Co 29Y Chrysler Corp t1% .. 67 City Ice &F pf6%. 14 City Stores. ... 3 City Stores ctfs. 247 Cluett-Peabody (1). 951 Coca-Cola (7). 50% Coca-Cola (A)(3) ... 9% Colzate-P-P (175¢). 10 Collins & Aikman. . 74 Collins & Aik pf(7). 3% Colo Fuel & Iron (k) 18 Colorado & South. .. 13 Colo & Sou 1st pf. 6% Col Gas & Elec. .. 52 Col G & El pf A (6). 211 Colum Pic vte(ml).. 58 Colum Carb (13.60). 18% Comel Credit (2)... 38 Comcl Credit(A)(3) 13 1 208 1 608 1 5 108 13 1 208 3 8 3 15 11 108 40 2 Y 0060 1 19 1 O 02 00 53 10 CO 0 B 0 S 26 4 2314 Comcl Cred pf (1% ) 100s 85% Comcl Inv Tr(f2%2)x 1§ 15% Comcl Solv (60c) . 1 Comwlth & South. ., 21% Comwlth & S pf (6). 22 Congoleum-N (2)... 5% Consol Cigar 1% Consol Film. 10% Consol Film pf UZ) . 21% Consol Gas N Y (2 80 Consol Gaspf (5).. 114 Consol-Laundries. .. T% Consol Oil (h42¢). .. 14 Consol Textile. 64 Container Corp (A) . 2% Container Corp (B). 5% Contl Banking(A) 7 Contl Baking (B). 56% Contl Can (2.40).... 6 Contl Diamond Fib. 23% Contl Insur (1.20) % Contl Motors. .. 15% Contl O Del (h50¢).. 40% Corn Ex Bk & Tr(3) 55% Corn Prod Ref (3) o7 Coty Inc. 35 IOI 6 8 1 'l% 6% 1 m. 1% 1 6% 6% 135 % 16% 3 178 101 104% 28 97 581e Add 00. High. Low. Close. Chge. ™ % 8 — % 6% + % % FrF FESLEF FEFEL §OEF Al E L 4 ESEER & w 440 +4+40 FEFFEFFES (] et T+ EEEFS F bl 223 1515 181 o i FEELLEFES 3 + o+ ETELEELEEFS § & FEAL I+ 44+ o + 4 9 S FEL dHAE bt A4+ REEE EF FLEES ++ ¥& seFPsFes 58 (s L ++ ™% 35% - 4 %+ W 19 — 4 48% + % €6 6% + % ~— 1934 — High. Low. 38 173 36u 6% 19% 20 11% 43% 23% 148 28 8 18% Crown Cork & S (1), 3% Crown-Zellerback. . 17 1 3% Cuban-Am Sugar. .. 20% Cuban-Am Sugar pf 13% Curtis-Publishing. .. 43! 2% Curtiss Wright 13 n 10% Deere & Co 10% Deere & Co pf (40¢). 35 4 63! 99 21 Dividend Rate, = Add 00. nm: Cream of Wheat(2). Crosley Radio... 344 13 6% Crucible Steel Cuba Co.... %4 Curtis Pub pf (j6).. - w0 8 IS mSé‘uAm-»uan.—un % Curtiss Wright (A) Cutler Hammer.... Delaware & Hudson. Del Lack & West. .. 1% Detroit Edison (4). Devoe & R 1st pf(7) Diamond Match (1). 12% Dominion Strs(1.20) 32 14 3 80 4 79 12% Eaton Mfg (1). 6 15 80 3 Dome Mines (13%). % Douglas Aircraft... Dunhill Internatl Dupont de N (13%). % Eastern Roll Mills. Eastman Kodak (4) x % 17% % 26% Eitington-Schild. .. Electric Auto Lite. . Elec Auto Lite pf 7. Electric Boat 4% 4% El&Mus Ind (hije) . 2% Elec Pwr & Light 6% Elec Pwr&Lt $7 pf. 34 2! 11 13 5 9 14 9 7 9 3 30 34! 2 2 13 71 54! 15 10 8 6 17 8! 21 5 8 Elec Stor Bat (2%). ndicott-John (3).. % Engineers Pub Svc., Eng P S $5.50 pf ww Eng Pub Sve §6 pf., Equit Office Bid. ... % Erfe R R. 7 Erie R R 1st pf. ErieRR2dpf..... Eureka Vac Cl(30c). Evans Auto Prod. .. Exchange Buffet Fairbank % Fed Lt&Trac pf(6). 2% Fed Motor Truck. .. Fed Screw Works. . D Stores (11). PhFIn (1.20)., Filene's Sons 71 4 Firestone (40c).... Firestone pf A(6)., % First Nat Strs(2'2) “lorsheim Shoe (A) “ollansbee Bros (k) 15 Food Machinery ... 13 Foster-Wheeler. ., % Foundation Co. 12 Fourth N Inv(h85c) 1 Fox Film (A). 15 Freeport-Texas (2). Fuller Co 2d pf . 15 Gamewell Co. 5% Gen Am Investors 30 12 6! Gen Am Trans(1%) Gen Asphalt 15 Gen Baking (h6ic) .. 108'3 100 Gen Baking pf (8).. 10% 64 57t 120 2% 81 125 101% 10% 13 24% 38% 50 66 4% 3019 T3% 116% 105 5 2 167 11 28 13 51 Gen Bronze. % Gen Cable., . Gen C! Gen C 4 Gen E % Gen Elec Spe (60c). Gen Foods (1.80) W Gen Gas & El (A)... Gen G&E 87, pf(A) Gen Mills (3)...... 89% Gen Motors pf (5). 3% Gen Outdoors Ad 10 2 10 1 Gen Print Ink(170¢) Gen Public Service. Gen Realty&Util pf. 10% Gen Refractories. .. 10 Gen Refrac ctfs.... 8% Gillett Saf Raz (1). 47 Gillette Saf R pf(5). 2% Gimbel Bros 16% Gimbel Bros pf. 16% Glidden Co (11.30 83 Glidden Co pr pf (7) 3% Gobel (Adolf).. 16 8 35 18 64 49! Gold Dust (1.20) . Goodrich (B F) 14 Goodrich (B F) pf. ‘4 Goodyear T & Rub. Goodyear $7 pf (4) 13 Gotham S H pf 113 Graham-Paige. 4 4 28 12 8 25 18 5 3 26! 25 ¥4 13 1 Grand Union. Grant (WT) (1).. 1% Great Northern pf.. '3 Grt Nor Oreg(hilc) Grt West Sug(2.40). Greene Cananea. % Guantanamo Sugar. Gulf Mobile & N Granby Consol. ... 12 Hahn Dept Stores... % Hahn Dpt Stores pf. s Hall WF T Hamilton Watch pf. Hanna (M A) pf (D) x Harb Walker (30¢). 13 Hat Corp (A).. 13 Havana Elec Ry. 1Y% Hayes Bod 74 59 111 83 Hazel Atl. Hercules Pw (3% Hercules P pf (7) Hershey C pf (13).. 4% Holland Furnace. .. 5% Holland & Son (50c) 430‘/. 310 Homestake M (128). 11 Houd-Hersh A j2'3. % Houdaille-Hersh B. 43 House Fin pt (3%).. 1214 Houston Oi 2! 35! 4 6! 1 12 Houston Oil (new) .. 14 Howe Sound (3) . 12 Hudson Manhallan. % Hudson Motor Car.. Hupp Motors. 13% Illinois Central. 22 lilinois Central pf.. 48% 111 Cent Is Inl(4). 2% Indian Refining 19% Indus Rayon (1.68). 49% Ingersoll-Rand (14). Ingersoll R pf (6).. 49% 34% Inland Steel (h30c). 4% 2% Insur-Sh ct Md(10c) 15% 11% 64 13 4 2 15414 131 12% 4% Int-Carriers Ltd 20¢ 3% 18% Int Cement (h25¢). 467 23% Int Harvester (60c) 130% 110 2% Int Hydro Elec (A). i 6 29% 69 2% 24 6! 30% 24% Island Crk Coal (2). — 57% 33 Jewel Tea (13%)... 66 39 Johns-M: 2% Int Merch Marine. .. 21 2 1% Interboro RpTr (k). Interlake Iron.. Int Agriculture Int Bus Mach (p6).. 28% 38 Int Harvester pf(7) 27% Int Nick Can (60¢).. Int Paper & Pw (A). 7% Int Paper & Pw (C). Bb, Int Paper & Pw pf.. 66 2 21 38 Int Print Ink(h25¢). Int Print Ink pf (6). Int Rys of Cent Am. Int Salt (1%2).e0eus Int Shoe (2)...evuee 7% Int Tel & Tel 83 Interstate Dept Strs 120 101 ki 45 30% 66'/- anville. Johns-Manv f (7). Jones&Laugh 7%pf 54 — 19% 10% 414 21% 234 a 2% 654 335 60 31% 5 16% 21% 8 23% 43% 24 110 111% 26% 35% 37 108 3 3 44y 3% 62% 37% Louisv & Nash 19% 8% Ludlum Steel...... 97 6% Kans City Southern 6 8% KaufmannDeptS40c T 1% Kelly Spring Tire. . 11% Kelvinator (170c) 16 Kennecott (h45c) 13% Kinney (G R) pf... 13% Kresge (SS) (1).... 36 Kress (SH)(f1). 23% Kroger Gr&Bk 1.60. 30 Laclede Gas pf..... 22% Lambert Co (3).... 2% Lehigh Valley Coal. 5 Lehigh Val Coal pf. 9% Lehigh Valley RR., 64% Lehman Corp (2.40) 11% Lehn & Fink (1%).. 22% Lib O-Ford G1(1.20) 17% Life Saver (1.60)... 73 T4% Ligg & Myers B(15) 16 16% Liquid Carb (t1%). 20% Loew's Inc (1). 72 1% Loft1c. 1 1 60 334 Loose Wiles (2).... 224 16% Lorillard P (12.20) . 120% 102 Lorillard (P) pf (7). % 107% 108 19% 19% 23% 23% 92 36% 35% Ligg & Mqers (15). Lily Tulip Cup(133) Loew' Incpf (6 ‘/:) 1% 2% 2 35 92 22 10s 121 32 1% 2% 35 21% Long Bell Louisinna Oil. . 47 46 15% 156% 83 Ludlum St pf (6%) 83 ————————— 41% 30 , MacAnd & F (12.35) v 111% 112 + 1364 135% 136" 150 5 107% 107% + 107% 107% + 104 104 104 120 120% 1 Low. Close. Chge. 4% + ¥ 13 26% 4% + % 23 +1 6% + U 44 - 1% 204 + % 81% + % 9 + % 18% +1% 23 + % 184 + % 2% +1% 19% +1 T4 + % 115 24% + % 1:% 37% 14‘/4 + % 9!‘, +2 % + 18+ e — 2T + ¥ OFEE FEVEF L+ 4+ Ll + 1 +444+1 e o SRR P 2% 30% + % 56% — % b4u + % b4 19% — 23% + f#f####tfi# -1 1% 2% — W B - % 21% - % 1 =% 47 41 16% — % 83 36% + K 41% 41% 41% + W Januar High. Low. Dividend Rate. 84 11 McCrory Strs A (k). 1% McCrory Strs B (k). 6% McCrory Strs pf (k) 4 McGraw Hill Pub. . 38 McIntyre Porcu (2). 79 McKeesport T P (4) 4% McKesson & Rob. .. * 11% McKesson & Rob pf. 1 McLellan Stores (k) 22 Mack Truck (1). 35% Macy (R H)& Co 2% Madison Sq Garden, 15% Magma Cop (h11;) 1% Mallison & Co. 78 Mallison & Co pf 1% Manati Sugar pf (k) 20 Man Elev gtd (k)... 10% Man Elevmg (k)... 10% Manhat Shirt (60c), 515 Marine Midld (40c). 4% Market St Ry pr pf. 8% Marshall Field. . 4 Martin Parry.. 2314 Mathieson Alk(114) 110 MathiesonAlk pf(1) 30 May Dept Str (1.60) 4% Maytag Co . 10 Maytag pf ww jllg. 26 Melville Shoe (2).., 20% Mesta Mch (1%) n 3 Miami Copper. 9% Mid-Cont Pet(h50c), 61 Midland Steel Prod. 35 Minn-Hon Reg (13). 1% Minn Moline Pow 16% Minn Moline Pow p! 4% Mo Kan & Texas. 13% Mo Kan & Texas pf. 3 Mo Pacific pf ( 12% Mohawk C M (h2ic) 39 Monsanto C (11%). 20 Montgomery Ward. 37 Morrell(J)&Co 3.60, 14 Mother Lode 15% Motor Products. 6% Motor Wheel. ., 3% Murray Corn 0o 33 » roslradsinunan 12% 12% 408 135 458 8% 29% 39 218% 615 1615 1% R R R N O O a0 1 B O 32% 46 13% 12% 491 1485 23% 188, 3% 28% 31% 16 12% 198, Nash Motors (1)... ash Chat & St L. t Aviation. 3 (H»\Lnu puk) 1 at Biscuit (2). 35 Nat Biscuit pf (7) Nat Cash Reg A Nat Dairy Prod 1.2 Nat Dept Store (k). 27 308 at Distillers. .. tPwr & Lt (80c). at Steel (1)....... at Supply pf. 18% New York Central. . 9 NY Chicago & St L. YC&StLDL.... Y & Harlem " Y Investors (k). . Y N H & Hartford YNH&H pf. Y Ontario & West Y Shipbldg (40¢). 30% Noranda Mines (h2)x 161 Norfolk & W (110). 82 Norf & West pf (4), 8% 2% North Am Aviation. 26% 10% North Amer (1).. 36% 14'3 Northern Pacific. . . 16% 208 813 Ohio Oil (h4ic).... 7 2 Oliver Farm Equip. 27% 9 OliverFEqprpfA. 63% 3% Omnibus Corp = 19% 13% Otis Elevator « 92 Otis 3% Otis Steel.,,,, 94 60 Owens-1ll Glass (4) 231 12% PacificG & E 37 20% Pacific Liz 8514 707 Pacific Tel & Tel (6) 116 103 Pacific T & T pf (6). 8% 8¢ Pac W'n Oil (h10c). 6% 2% Packard Motor..... 5% 1% Par-Publix ctfs(k). 6% 2% Park Utah.... 13 Parme, 13 Pathe i 10% Pathe Exchange(A) 108 Patino Mines. .. 44% Pennick & Ford (3), 511 Penny J C ( 2% Penn Dixie C 20% Penn IR R (h1 21 TPeoples Drug § 19% Feoples Gas Chi. . 13% Pere Marquette pf 18 Pere Marquet pr pf. 9% Pet Milk (1). 814 Petrol Corp (10, 134 Phelps Dodge(hiic) 413 Phila Rap Tr pf (k) 2 Phila Rap Tran (k). 11% Philip Morris (1)... 13% Phillips Petrol (1). 3 Pie rrow (k). 1, Pierce Oil s Pierce Petroleum. 713 Pittsburgh Coal. ... 4% Pitts Screw & Bolt. 84 Pitts Term Coal p( 25% Pitts United C "8 Plymouth Oil gisc. 10 Postal Tel & Capf.. 14 Pressed Stl Car (k). 334 Proc & Gamb 11.70. 102! ’roc & Gam pf (5 26 Pub Serv N J (2.80), 67 Pub Serv N 35% Pullman Inc (3).. 6% Pure Oil........ 49 Pur¢Oilpf........ 8% Purity Bakeries (1) 4 aiz). ransport 4 19% 414 Radio Corporation. . 23% Radio Corp pf (A).. 15 Radio Corp pf (B).. 114 Radio-Keith-Or (k) T4 R I Sec 111 Central. 1415 Rayhestos-Man (1). 5 Real Silk Hosiery.. 6 Remington-Rand. .. 32% Remington-1t 1st pt 30 Rem Rand 2d pf.. 2 Reo Motor Car..... 10' Republic Steel..... 3315 Republic Steel pf... 46 Revere Cop & Brpf. 151 Reynolds Metals(1) 39% Reynolds Tob B (3). 38y Safeway Stores (3). 84% Safeway Strs pf (6) 9814 Safeway Strs pf (7) 15% St Joseph L (h30c). 13 St L San F pf (k).. 5% Savage Arms. 174 Schenley Distillers. 3 Schulte Retail Strs. 15 Schulte Re Strs pf. 41 Scott Paper (11.95). 8 Seaboard Air L (k). 20% Seab’d Oil(Del) (11) 31 Sears Roebuck. 82 Sec Nat Inv pf (JZ). 4% Servel Inc . 26 5% Sharon Steel Hoop. 3 4 Sharp & Dohme.... 1 6% Shattuck(F G)(24c) 38 19 Shell Transp't h75c. 90s 30% 60% 2 38% 51% 46% 70 408 9 13% Th 137% 26 WORLD GOLD OUTPUT INCREASES IN OCTOBER By the Associated Press. NEW YORK, December 4.—Pro- duction of gold throughout the world in October totaled 2,313,000 fine ounces, the American Bureau of Metal Statistics reported today. September production amounted to 2,236,000 ounces. In the United States’ the October output came to 296,000 ounces, against 284,000 in September. Canadian pro- duction was 260,000 ounces, against 244,000 in September. The South African output was 886,000 ounces, compared with 857,000 in September. CUSTOMS RECEIPTS LAG. BALTIMORE, December 4 (Special). | Ea; —Customs receipts for last month showed a slight drop below those of November, 1933, according to figures prepared at the office of the collec- tor of the port of Baltimore. The sum paid in duties here in November, 1934, totaled $924,294.10, as opposed to $1,085,737.01 for the corresponding period of last ye MONTREAL SILVER. ( * 1u N TR T Bt e 54300, March. 54.80b. B \ Add 00. m'h la' Close. Chge. 1 % el 100t 100ta 100% High. Low. 11% 89 12 8 24% 174 68% 18 19% 39% 6% — % 21 22% 3% Dividend Rate. Add 00. 6 Shell UnfonOil.... 8 6% 6a 57 Shell Union Oil pf.. Silver King C M 40c 8% Simmons Co. .. 7% Simms Pet (h55¢) 5114 Skelly Oil pf ww 6% Snider Packing.... 12% Socony-Vac (60c). . % 8o Por Rico Sug (2). 26% + 3| 137 115 So Po Ric Sug pf(8) 46 10% South Cal Ed (1%) 14% Southern Pacific . Low. Close. Chge. 2 69' 9% 10% 16% 56 16% 14% 21 129 69% 9% 10% 11% Southern Railway. . 14 Southern Rwy pf.. 30% Spalding (AG)1st pf 30 Spang-Chalfant pf.. 2% Sparks-Withington. 2 Spear & 15% Spencer Keliog 1.60. 5% Sperry Corp -May-Stern.. 17% Stand Brands (1)... 3 Stand Com Tobacco. 5 Stand Gas & Elec. .. 16% Stand G&E pf(2.10). % Stand Invest Corp. . 26'% Stand Oil of Cal (1). 964 Stand Ofl Exp pf(5) tand Oil of Ind (1) 39% Stand Oil N J(11%) 6 Starrett (LS)..... 47% Sterling Prod(3.80), 3 Sterling Secur pf.. 30 Sterling Secur cv pf 4% Stewart-Warner. 19 Spiegel 23% FEFE & OFFES rs 10% 4% Stone & S 9% 47 118 100 Sun Oil P+ 4+ FFE FESEEES 30 "hatch 4 : 50 10 3% Timken- 24 Timken 604 Tri-Con 33 36 39% 35% U 11 U 90 P44+ S O TSEESEETEY P 41 + 184 ; 4l - 14 15 bR 84y 147a 228 Tl 14 54’ VanRaa 65 VaEl& 8% 2% Warner 15 Warner 1313 Warren 15% Wesson 5213 Wesson 157 6 Weston 15 -% + %) +1% +1% | + W +1w 28 16% + % 2 6% - & 278 31 1T = % 60% 9‘ 26 + U 41 +1 465 7 11:00 AM...... 1:00 P.M . declarations, 97in stock. Paid & Plus, 1'1 in e Payable in dividends paid lhls or being reor: stock p Plus 2 8% — 1 bl 8% + 1 21 - % 1% Studebaker (k). 10 Studebaker pf (k) .. 26% 11% Superheater 1al;cl.. 3 1% Superior Ofl..... 714 Telautograph (1) 3% Tennessee Corp. 198 Texas Corp (1). Tex Gulf Sulph ( 24 Tex Pac C 6% Tex Pac Land Trust 8 Mfg (h2ic). The Fair pf (j3'3).. 213 Thermoid Co Thompson Pro uc 8 Tide Water Asso 6414 Tide W A pf (j81. 80 Tide Wat Oil pf lu). d-Ell-Fisher (2). Bag & Paper (4 n Carbide & C 1.40 n Oil of Calif (1).. “nion Pacific (6) ... Union Pacific pf (4) 'n Tank Car (1.20). ‘nited Aircraft.. .. nited Air Lines&T “nit Biscuit(1.60).. “nited Carb (2.40) . ‘nited Corporation. ‘nited Corp pf 13) x ited Drug. . nited Dyewood. “nited Fruit (3). ‘nit Gas Imp (1 Piece Dye Wks “nit Piey S Distributing. . . S Distributing pf, 2% Wabash pf (A) (k). 4 Waldorf System... 1713 Walgreen Co (m1).. 2% Walworth Co... 24 Ward Baking pf (2) 1 Warner- h year nize: in stock. Co.. o EonanBads RS e e h S o o 1134 24% 42% 4% n 33% 2% 8% Webster. 5 o 131 116 151 1% 81 % 81 4% 215, 344 3 pe (6) @ ) H —on % n h al & Oil. W 154 15 . g s I 7215 I 4l ) 15% 15 ) 9 9 Detroit. RB (n‘u. Bl Transamerica hZic. i Tri-Contl Cor| tlpf (6). Trico Prod (213) 2 1% Truax-Traer Coal = +2 + % Tk 1 +1% | 0) ce DW pf.. S Indus Alcohol an(her.. S Smelt & It (ho). 29% United States Steel. 674 U S Steel pf (2).. 24 United Stores (A) 40" Univ Leaf Tob (13) 67s Unv Pictures 1st pf a Univ Pipe & Rad % Vadsco Sales Corp.. Vanadium Corp. . 4's Van Raalte Ite 15t pf(7) 24% Vick Chem (12.40). 1% Va-Car Chemical. .. 10 Va-Car Chem 6% pf Pwrpf (). 52 Vulcan Detin (h3) Bros Pic... Bros Pic pf. Quinlan... F&P (hl), O&S (11). 0 & S pf(4) 2 o [PYVPI | P TS 51% West Pa Elec pf (7) 78% West PennPw pf(6) T4 Western Maryland. 9 Western Md 2d pf.. 2% Western Pacific.... 4% Western Pacific pf. 293 Western Union. Westingh'se AB 50c 27% Westinghouse Elec. Elec Inst. 16% Weston Elec A 11'3 Wheeling Steel. White Motor. . 113 White Sewing Mch. 21 Wilcox Oil & Gas. 43, Wilson & Co. 121 Wilson & Co (A) 53 Wilson & Co pf (j7) 41% Woolworth (2.40).. | 31% 131 Worthington Pump. 53 311 Worth Pump pf A. . 23% Worth Pump pf B. 167 Wright Aero. ... 14 Yale & Towne (60c) 2% Yellow Truck...... Yellow Truck pf... 13 Young Sp&W (113;) 128 Youngstown S& T.. 34 Y'gst'n S&T pfAsly, 3% Zonite Products. i Sales of Stocks on the New York Bxcane 210,000 570,000 Dividend rates as given in the ahove table are the annual cash pavments based on the latest quarterly or half-vearly s Unit of lrldlnl less than 100 ! lrfl t Partly exlrl XPlux year—n st Sk rate. ar b Pald lm- year. lAccnmu or stock. fPlus$l in special pmlfiifi k(i‘o!mglrme's reported in l‘rtelverlhln n s % x Ex dividend. YR FEDERAL LAND BANKS NEW YORK. December 4).— Land Bank bonds: Teseenl (Quotltlom as of 2 o'clock.) c.. 10133 10033 10012 1003, 10034 10078 1003 1003, 1003 1003 2935 0933 100 10, 01 1007 10078 101% 1014 101 1003 1003 1003 1001 1001 1003 4Ys July, 4s May."ins8-gx N Jllll. 1"46 44 —_— SAVANNAH NAVAL STORES. SAVANNAH. December 4 (#).—Tur] tine dull, 48 Ssked: no sales: receipts, 451; shipments, 31; stock. 18.901. Rosin dull: : :mnm.em —_— METAL MARKET. NEW YORK. December 4 (P.—Coppe) guiet:electrolytic. spot and future. mne 00. _Tin barely steady: spot and futures. 50.98 fron. quiet d. Lead st . New nearsy. 50, 4nd, unchany York, 3. st East 8t unm spot and future, num. 19.00a22.00. Anllmon! RUBBER FUTURES. YORK, December 4 (#.—Crude nlbber (uturel opened menhr. 0 lo-er to 4 highs December. b; _Janua 12 Dbb l( reh. 13.23a2 HI!. 13.48a4: b—Bid. Food Machinery Corp. common share earnings, year ended September 30, were $2.29 vs. 2 cents. HARDWARE IN DEMAND. NEW YORK, December 4 (#).— Orders for seasonal merchandise in the wholesale hardware market con- tinued well above normal last week. Retailers ordered freely on wmm goods of all types. Market Averages 3 years ago High (1934). o192 ek ™| were about Aircraft Shares Take Lead. Other Favorites Rise 1 to 2 Points. BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, December 4.—Stocks improved substantially today. Ad- vancing tendencies began in aircraft shares during the morning, but active demand developed in rails during the noon period. The late tone of the general market was firm. Advances of around 1 to 2 points were recorded by American Telephone, Santa Fe, United States Steel, J. C. Penney, Union Pacific, Western Union and Douglas Aircraft. Transfers approxi- mated 1,000.000 shares. | Shares of International Printing Ink jand General Printing Ink got up 2 | points each when the latter declared a special 30-cent dividend in addition to the regular. Worthington Pump preferred A advanced nearly 3 and J. C. Penney moved up 2. The Penney issue was up to a new 1934 peak, United Aircraft also reached a new high with a fractional xain. Wright Aeronautical firmed 3. while Douglas Aircraft, Aviation Corp. and Curtis- Wright improved fractionally to a point or more. Others up as much, included West- ern Union, International Telephone, American Telephone, Postal Telegraph preferred, American Can, U. S. Indus- trial Alcohol, U. S. Steel, General Mo- tors, Santa Fe, N. Y. Central and Union Pacific. Power company shares unchanged, as were the | oils and metals A number of special, extra and regu- lar dividend declarations helped to brighten the picture. Communica- tions stocks reflected optimism over the Federal hearings now in progress. The aircraft group found a following on expectations of Government con- sideration and continued gains in air traffic. PRODUCE EXCHANGE | _NEW voRK December 4 (#.—Produce | Exchange stock list H (Noon quotations ) ! Ba]n‘m hundreds. High CHICAGO LIVE STOCK. | 5. GHIGAGO. ~Decembe, o | State yw packing <ow a 50 pou s “and choice 100~ 14,000 commercial calves. 2000 comm ernment. _Stricilv _good sieers and vearlings vearlings no Govern u.ak ng more decline t bulls _and Vesiers steady to strong 1 h lower zood nnd ) Pounds; Gommon and medium, 200d common nnd low ‘cutter and cut- vea Stocker :nd and _choice, cattle S!'Prt d s (0a5.00: eommon 1 500-1.050 pounds and medium. * 5024 00 Sheep. 1:1.0( Fat fairly broad demand steady to stronger. Askine higher ing bids and_sales. 55:_ bulk. upward: best held well above ;.75 | and feeding jambs Slaughter sheep and lambs: lambs acain in Undertone _full ®00d and choice. mated receipts Hoes. tomorrow 000, Sheep, 12.000. CHICAGO PRODUCE. CHICAGO. December 4 2 —Potatoes, on track, 23: total ited States ship- steady. supplies moderate: and | tradine ©light; Wisconsin round whites. U S. No. 1. & Idaho russets. U N al 54, combinas Colorado McClures, 2an | tion_grade. 1.2 L& 8 No. 1, Poultry ucks: firm: hens, 4! under 42 pounds, 1% Rock Springs. lia 11. roosters. younsg toms. 16: oid. ‘voung ducks. 4'2 poun ;. 14215, small. 13, geese, 11'2. capons pounds. 17ail8 oDrEed turkevs < ady: young toms. 24: old. 19: No. = refrigerator firsts. 3¢ extras. DIRECTORY COMMODITY BROKERS Members Chicaso Board of Trade Harriman & Co NA. 1600 Laidiaw & Co NA 5500 W!llnflmer L Co. RUBBEE—HIDES METALS—SILK Members Commodity Exchange. I Harriman & Co. . Latdlaw & Co. Westheimer & MONE“’Y —-_— 6% No Renewals No Commissions 12 Years to Repay $10.00 Per Month Per $1000.00 COLUMBIA h( High ¢ ). Low (1 o’a’ai " (1926 average equals 100.) (Copyright. 1934. Std. Statistics Inc.) PerRmAnenr BUHDING ASSOCIATION 733 12th St. N.W. NA. 0353