Evening Star Newspaper, December 19, 1934, Page 17

CURB IS STEADIER IN LATE TRADING Tone Improves After Drop of Fractions to More Than Point at Start. BY G. H. PHILLIPS, Associated Press Financial Writer. NEW YORK, December 19.—The Ourb market steadied slightly in late trading today after dipping fractions to a point or more in forenoon deal- 5. m"rhere was a better demand for some of the metals, ofls and specialties, which halted the general downward trend, but utilities continued reac- tionary. Trading was slow. American Gas was 7% of a point lower, Cities Service, Electric Bond & Share and Niagara Hudson lost minor fractions and declines up to a point occurred in Aluminum Co., Pan-Ameri- can Ajrways, Sherwin Williams, Swift & Co., Hiram Walker and Pittsburgh Plate Glass. EXPANSION BROADENS ON HARDWARE MARKET Special Dispatch to The Star. NEW YORK, December 19.—A mar- ket signalized by steadying prices has had an evident effect upon trade morale in the hardware field during recent weeks. Buying is becoming more confident, more general, and with a little more reach into the future, Hardware Age will say tomorrow in its market summary. ‘The well-maintained pace of retail trade, with gains over last year's fig- ures practically unbroken, has forced buying in nearly all lines and depart- ments. Conservatism is still the key- note, and even where price moves promise some speculative gain, the average purchase is moderate. DOMESTIC BONDS. High. Low. Noon. Alabam Pw 4%s 68 67% 67N Alabama Fow 55 461.. 914 91%a 91% Alabama Pow 5s &8 Aluminum Co 5s ' Asso T 7’:! l: g ood Baldn Lo Be e Can "5 B Brmham Gas 5s Canadian, Pc s No P 5 3 Cities Service 5s Gities Service bs 5 leve E1 Tllu 35 36 v El Tlu 55 A Glev &l 1l 55 B 61 Stock and Dividend Rate. m 0& High, l" fll-. Aero Supply (B)., 2 2 Afr InvestorsInca i 1 1 ' 1 l Air Invest cv pf. 114 4 M Allied Mills Inc... ” 9712% 124 124 Alum'n Co of Am, 2508 46% 46 Alum'n pf (1%) 50s 74 T4 Alum’n Ltd cu p! 1 55 65 Alum'n Goods 40¢. 1 9% .9% - 100y 32 304 Lt (B) (ki0e)w 10 1% Am Cynamid (B) (k26¢)... 30 15% Am & For Pw war. 3 2% Am Founders..... 7 & Am Foundries 1st pf (B).. 758 14% Am Gas&EI(11.20) 47 20% Am Gas&El pf(6).200s 85% Am Laundry 40c.. 350s 15% AmLt&Trac120 6 9% Am Maracafbo.... 1 % AmPotash&Chm.. 50s12% Am Superpower 7% 1% Am Superpwr pf.e 6 Am Superpower ® 1stpf(6)...s | Anchor Post Fen. .« Ark Nat Gas (A).. Atk Nat Gas cu pf. Armstrong C k25e. Art Met W (t45¢). Asso Gas&El (A). Asso Rayon 10 1 Corp war.... Auto Vot Mch 50e. Ax-Fisher(A)3.20 258 Babcock&Wil 40c. 1508 38 3Ti4 Bell Tel of Can(8) 528129% 129% 129w Blue RidgeCorp.. 9 1% 1% 1% Blue Ridge pf(a3). 1 35 38 3 Borne-Scrvmser. . 1008 7 Bourjouis(k25¢).. 1 Brazil Trac Lt&Pe 5 Bridgeport Mach.. Brill Corp (B) Brown Co pf... Brown Forman. Buckeye PL (3).. 50s Bunker Hill & Sul 1008 Butler Bros. u- 11 4% 10% 54 Cable Radio vto. .. Can Indus Alco A... Canadian Marconi. Carib Syndicate. Carrier Corp. Catlin Corp's 11 6% Celanese 1st pf( )500-105‘/. 102 105% Cent Hudson 8% % 15% 25% G&E ctfs(80c).. 4 84 Cent States Elec. . ChiR & M k87%¢. Childs Co pf. Cities Service Citles Service pf. .. Cities Service(B).. Claude Neon Lts.. Cleveland Tractor. Club Aluminum... Colon Oil. Columbia Elec cv pf(5 1758 Colum O &G vte., 98 Comwlth Ed (4)... 5 Comwlth&So war,. 21 Cons Aircraft. 5 Cons Copp Cons Gas of Balto (3.60).. 10 Cord Corp (k25¢).. 5 Corroon & Reyn. 3 Cosden Oil Me. 8% PPYOTSoes4— It} Crocker Wheelel Craft Brewing. . Cusi-Mexicana M.. De Haviland Air (K25 45€) . 2000 Derby Oil & Ref. .. Distillers Cxp-Sea. Dohler Die Cast. .. Dubilier Condens.; Dow Chemiecal (2) 7 Driver Har pf (7). 20s Duval Tex Sulph.. § Wlec Bond&Share. 134 Biec BA&S pf(5).s 1 Elee BA&S pf (6).. 3 Elec Pw Asso 40cu 5 Elec Power Asso (A) (40¢).... 6 Elec Share pf ww. 1058 Emp G&E 6% pt.. 258 Emp G&F 7% Df.. 125. Equity Corp'n. ... Ex-Cell-O A&Tool, Fairchild Aviat'n. Falstaff Brewery.; ; Fanny F C t31%e¢. Fed Bake Shops. .. i4 | Eadders Mek (A).. Georgia Pw 55 Glen Alden Suit Oil' Pa Houc LaP 415 D grade Fd s A ° ns Cent RR 65 2S00003E 90y SRISHE s . 00y O oo, - 33 o 8 33 103 1 100‘5 100% 1 91% '1“- TR o EESES °°m=-°1n01v PO L LT el ZorSrnt guog ST, 225280 2 s 355 L] £ Py >, G DI TIveY sS350 HOZ T, 3r‘.5&' ] >§¢es§°"’i o Oon 7 Creree o 0, ) zgzgfi =S et TS a>HOe >E ey oo Pz 22, ', o, > ) | ol =) o o 2o § g Q !ea'v B Ve 2, ot O 2 <3 e, 0. (e épfi ggoo 5 40% 4000 s 863 B6% 03% lflfd% Fire Asso Phila 2. 145s Fla Pwr & Lt pf.. 2008 Ford Motor Can (A) (k1%). Ford Mot Can (B) (k13).1508 Ford Motor Ltd... 1 49 Garlock Pack (30c) 1 Gen Aviation..... 3 Gen Elec Ltd rcts (k30 1-5c)... 1 Gen Gas &Elec conv pf (B) 100s Gen Invest Corp... 6 Gen Pub Sve pf.... 108 Glen AldenC t1%. 7 Godchaux Sug(B).i 1 Gold Seal Elec..eu’ 5 Gorham Mfg DL WWesin 508 Gorham Mfg vot ext (134) eww 15 Grand Rapids Varaish (50¢). 4 Gray Tel PayS(1). 50s Great Atl & Pac Great Atl & Pac "Tea 1st pf (7)..- 508128 128 128 non-voting (17). 205130 130 130 Greyhound (Del).; 18 21% 21% 21% Gulf Oil of Pa. 3 54% b4w bd% % 6% 1 374 19% 28 11% 5% % 11% T 11% T4 11% Happiness Candy. 8 Hecla Min (40c).. 1 Helena Ruben..... 3 Heyden Ch (11.35) & Hollinger G 11.35. 6 Horn(AC) 1st pf..100s Hudson Bay M&S 9 Humble Oil (1)... 12 Huyler’s of Del 7% stamped. 4 Hygrade Syl (2).. 50s pf..1008 Imp Ofl Ltd - coupon (180c).. 85 Imp Oflreg({80c). 1 Intl Hydro Elec System cv pf.. 1508 Intl Mining war.s 1 Int Petrolm (2).. 20 Intl Utilities (B)«y 28 Insurance Co of North Am (2).+ 1 Irving Air Ckl0e..” 1 1tal Superpwr (A). 1 1% 6% 1 3Tk 19% 28 12 47 % 26 12% 16% 16% % 5% 30% # Il Pwr&Lt 53 4% 1% Jones&Laugh Stl. 120s 25% Kolster-Brandies shares. ... Kreuger(G)Brew.. . Lake Sh M (13%): Lakey Fd & Mch.s ‘ Lehigh C&N(Wc) .o Loonn.rd on Lion Ofl Refining. 4% 4% Lonosmau.... l12 B4% 0 4% Louisiana L&Ex, 16 4% 4% 1 & 2 5% 5753% 3 1 % wi r A . Yadkin R Pw 85 'u .. York Rwy 5s '37. Buen A Pr 75 '52 st... §Negotiability impaired by maturity. nds fully listed on the Curb Exchange; gihers are deslt in a5 unlisted tssues. ‘Companies reported in receivership, 2% | Mock JudVoe(k1). THE EVENING STAR, WASHINGTON, D. N. Y. CURB MARKET . Received by Private Wire Direct to The Evening Star. Bales— Dividend Rate. Add 00, Eish. Low. Cloge. McCord Rad (B) . i Mapes Consol (3)+ P aa Mavis Bot A (r). e Mayflower Asg0 2. Mead Johnson(t4), Merritt Chap & S.. Middle States Perol'm vie(A) s Middle States Petm vtc (B) * & Midvale Co (k1).. 268 35 35 MidWestUt(fee 3 & & 3% Minneapolis Honey'll p£(6) .. w-l 105% 105% losv. 16 14 3 33 & 40 - 61% % 40 40 61% 61 % % % 1% 1% ¥ [P Mohawk Hudson Pwrlstof (7).. 258 37T% 3T% 3T% Molybdenum Cp... 39 8“ Mount Prod (60c), 4 4% 4 Murphy Co (1.60). 2 T1% T70% 'th 11 2% 2 30 Ni 258106 ms 106 Nat Fuel Gas (1).. 7 13% 13 13% Nat Pw&Lt pf(6). 1508 52 Blu; 51% Nat Rubber Mach. 2 & 4 b Nat Service.. . 20 “oo% Nat Transit (70¢). 1 Th Th Nat Union Radio.. 1 % % Natomas (175¢)..» 15 7 9% 8% Nelson (H) (k25c) 1 8 8 New Bradford 208. 2 2% 2% NJZinc(2)...... 38 52% 52% Newmont M (k1).. 2 38% 384 Niag Hudson Pwr. 4 3% & Nat Bella Hess. Ni 1% T Niag Hud P A war Niag Hud P B war. % Niag Shrs(Md) B. 5 2% Niles-Bem-Pond.. 6 10% Noma Elec Corp.. 1 # Northern States Power (A)...500s 10% Northwest Eng... Novadel Agne(2). 2% 10 9% 5% 21% 20 9% 1% ©Ohio Br (B) k&0c. Oil Stocks Ltd 40c. Overseas Secur... Pacific E‘.t.l!orn. .- Pac Gi nf (1%’v~ 500s 21 Pan-Am Air(ks0c) 2 38 Pantepec Oil...... 14 Param’t Motors... 2 ker Rust P t4. 1508 54% Pennroad Corp. 45 1% Penn W&P (3)... 2 53% Pepperell Mfx (6).1108 91% Phila Co (80c). 8% Phoenix Secur. Phoenix Secur p Pion'r GM Ltd 0, Pitney Bo P(20c). 24 5% Pitts Plate G 1.60.5008 52% Premier Gold 12¢.. 10 13 Prod Royalty 2%e 43 % Prop’ties Real Prudential Invest. Puget Sound P&Lt$6pf.... 208 Pure Oil pf.. 8% «w 80839 Rallway & Lt Sec. 45! 1 Raytheon Mfg. 1% Reeves(Dan) 50c 84 Reliable Stores. 5% Reliance Corp(. 1n Reyburn Co...... Reynolds Invest Rice Stix D G (2). Richm'd Rad cvpf, Roosevelt Field. ., Rossla Intl Corp.. Royal Typewriter. g——— St Regis Paper.... 8t Regis Paper pf. Salt Creek P(80c). Schiff (The)Co(2) Seaboard Util. Secur Corp Gen. Seeman Bros 1314, Segal Lock & Ha.. Select Ind pr(53%) 50s Selected Indus alot ctfs (33%)..2508 Shattuck Den Min. % 884 109 108 108% 50 247 247 28 278 2% 14 3% 3w 3% 8 22% 22% 22% Edison pf (1%). 258 28% 28% 28% Southland Royalty (20¢)ss 6 5 5 5 Stand Inv cum pf. 50s 16% 161 Stand ON1 Ky t1%. 1 17% 1754 Stand Oil (Ohio)..850s 14 Stand Silver & Ld. 18 Starrett Corp. Starrett Corp Stein Cosmetic Stetson (J B) Strook & Co. Sunray Oil.. 3 1% Sunshine M Vfific.. 28 13w Swan Finch Oil... 1 3y Swift & Co (50¢) 29 17% Swift Intl (2)... 5 82% Swiss-Am Elec pf.i00s 44 Swiss Oil (k10c).. 2 2% —_— Singer Mfg t14% Smith (A O). 50 AMG&P (k South Penn 0 1.20. Southn Calif 17% % % | Taggart Corp'n... Tastyeast Inc(A). Technicolor, ne.. Texon O&L t75¢. . Tob Prod Ex(10¢c). Trans Air & Tran. Tri-Conlt Cp war Tubize Chatil... 6 Tubize Chatil (A). 100s 14% Union Am Invest. 2008 20% % | Union Gas of Can.. Unit Corp'n War . Unit Dry D (r) e e Unit Founders. ..o Unit Gas Corp'n... Unit Gas Cp War.. Unit Gas Corp pfe. Unit Lt&PWr(A) e Unit Lt&Pwr pf... Unit Milk P p£(3). 758 Unit Profit Shar'g, 1 Unit Shoe M 1414 . 1258 U S Elec Pwr ww.. 10 U 8 Finishing (r U S Foil (B)(60c). U S & Intl Secur. .; Unit Stores vtc. ... Unit Verde Ex 40c Utah Apex....... Utah Pw & Lt pt.. 100- Utilities Pwr&Lt.. Util P&L(B) efs.. Utility Eq pf 8%..100s —_— Venezuela Petrol.- W Va Coal&Coke ‘Westn Auto Supply (A) (t4). ~ Westn Cart pf(6). 25s Williams (RC) (1) 1 ‘Wil-Low Cafe pf.. 25s Woolworth (FW) Litd (k74c) . Wright Har(t60e) —_— Dmnend Tates in dollars quartedly or semi- ~aungal EXtra.. xrhu cash or nock 5% in stock, m iy lated db 1 28% 99 ular rate. celvership o1 xu fully licted o on the Curl erm' lnun BANK IN RECEIVERSHIP. BALTIMORE, Md., December 19 (Special) —The Oxford Bank at Ox- ford was placed in receivership in the Circuit Court for Talbot County at Easton yesterday as the final step in the liquidation of the institution and State Bank Commissioner John J. Ghingher named receiver. COLLECTIONS STILL GAIN. NEW YORK, December 19 (#).— Retail collections during November showed an increase of 1.92 per cent over the previous month, according to an index of 20 local key stores, issued by the Credit Bureau of Greater New York, Inc. Seiberling Rubber Co.—~Company’s $1,000,000 debentures have been ex- tended far two years until November 15, 1936 ' RISE CONTINUES AT STEEL PLANTS Production Rate Climbs to 351/, Per Cent, or High- est Since June. By the Assoclated Press. NEW YORK, December 19.—With mill schedules being pushed in prepa- ration for a three-day Christmas shut- down, steel production and scrap prices have moved upward for the ninth consecutive week, the Iron Age re- ported today. It estimated the cur- rent operating rate at 35% per cent of capacity, a gain of 2!, points over a week ago and the highest rate since the end of June. A further rise in scrap made the Iron Age index for old metal $11.58 a ton, the highest since the middle of May. Mills plan to resume operations after Christmas and some will run through the New Year perlod. according to the review. “Although part of the current ex- pansion in output is attributable to i replenishment of raw steel stocks,” it added, “this is not the case in all pro- ducing districts. In one important center mills have been forced to run on cold steel to meet the urgent needs of the automobile trade. “The long-delayed new model pro- gram of the motor car makers has now gotten under way in earnest. De- mand from farm implement and trac- tor plants, as well as from & wide urprise C., WEDNESDAY, DECEMBER 15, 1932, vu.rmy of miscellaneous sources, is also broadening. contncum “for the first quarter has been disappointing. Uncertainty as to the new policy of the N. R. A. PRODUCE EXCHANGE NEW YORK. Decembe: Exchanes Slock Tar I 10 #.—Produce N 3 PR (Noon quotations.) regarding price control under the|hds codes is causing many buyers to with- hold long-term commitments which would otherwise be made as & matter of convenience. “Orders for early shipment, how- ever, are piling up and while they undoubtedly reflect & gain in actual consumption they may also indicate renewed apprehensions regarding the labor situation. - “Sweeping demands for automotive labor, made in hearings conducted by a special Government commission, are interpreted as the initial fanfare in a new unionization drive which may culminate in strikes in the motor car industry early in 1935. ‘The Iron Age composite price for pig iron and finished steel were un- changed at $17.90 & ton and 2124 cents a pound. TEXTILE MILL ACTIVITY IMPROVES IN MONTH|z: By the Associated Press. NEW YORK, December 19.—Textile mill activity in the first 10 months of 1934 was 19 per cent below that in the same period last year, and 15 per cent lower than the average in the first nine months of the years 1924-1931, according to a survey made by the Textile World. November activity was estimated at 10 per cent ahead of the same month in 1933. —_——— RAILROAD EARNINGS. ORK. December 19 —Net rallway income for November of railroads reporting included: Union Pacifi NEW YORK BAR SILVER. NEW YORK, Decgmber 19 (#)—Bar 34 933 s %01 51380500 SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Bid. Offer. 100% 100% 100k 100% 107% 103% Allis-Chalmers Co. s 1937, 1 Amer, Beet Sugar 05 1 Tel. 91943 Alhnuc flmnl 5! 1937.. Bethlehem Steel 5s 1936. ., Cllflomll Plckln 5 HMO Canad. N Ches. & Omo Chi. Gas Lt. & & Rio Gr. 4%a: R ldlson EL DNlum, 45 1930 Gen. Pet. Corp. 5s 1040 en. Pub. Service 53as 1 Gotham Silk Hos, 63 193 “Tr. Canada 6s 1 Great Northern Ry. u 1 Jlinois Central 6%s 1. Intl, Tel. & Tel. 4% Take Erie % West: 55 Louisyille & Nash. 55 Michigan Central 4s New York Central s Ohio River . K. 55 5 Penna. R. R. " Portland Gen. El Bure Oil Co 5% 10 Rep. Iron & Steel 5: Siiicialr Cons. Ol 78 19 Venadium Corp. by 1041 Warner Bros. 6 1030 RUBBER FUTURES. NEW YORK. December 19 (P).—Crude rubber futures opened quiet. 4 lower to 6 higher. December, 12.95b; January, 13.03b; March, 13.26; May, 13.44-45. b—Bid. g e kbl 5k AP AN i Fa e ?t"l:\! : her on Christmas Day , Gt that is more than a Gift” CEICAGO LIVE STOCK. CHICAGH December 10 ™ (United States Donnnmlm of Agriculture) —Hogs, luding 12.000 t; slow, 26,000 inc| higher than Tueldl s lverllt wel (X A ws. 5 : fig ht, “500d ‘and. choice. 140-160 poundx a5. 160-200 pous 10; light weight. 5: _ medium weight 750040 heavy welght. ucnnl sows, medium 0: good, 550 pounds. 5. 6.00; pigs, :ood and choAce §00-130 " povnds. 2 504 Csttle, 9,000 commercial, 100 Govern- commercial, 100 Gov- slow, weak market on better Grade light and 'long yearimngs. but all grade weighty steers and common and m dium srade Hght offerings paid poun best light steers. 10.00. but very littie done on yearlings, with supply liberal: other kill lnx classes mostly steady to strone. it ¢ largely a light steer and yearling ru Siaushier cattle and vesiers steers sood . unds. 2.7586.75 Heifers, good and choice, pounds. §.50a8.50: common and medium, 2.50a5.50; wlu good, 3. 50-5 25; common low cutter and | So) bulls ex- UL 00as 50! cutter, common_ and medi: 583 40: vealers, %004 and *hoice. 4.7586.00: medium, 3.508 4.75; cull and common. 3.00a3.50. Stocker and feeder cattle and choice, 0-1.050 _pounds. 5; common and medium. 2 25a4.00. Shee| indications fully steady to ‘cholce. sia bost Held wel. above 5 8- b tror to 25 higher: best ewes quotable 3.50 Slaughter sheep and lambs: Lambs, 90 pounds down, good and choice, 7.00a7.K mon _and medium. 5 ew feeding lambs, 50-75 pounds: choice. 5.0086.00. . COCOA TRADING CLIMBS. NEW YORK, December 19 (#)— Business on the New York Cocoa Ex- change will establish a high record for this year, according to the Exchange. Up to December 15 the total sales amounted to 53,395 contracts or 716,- 243 tons, compared with 49,140 con- tracts or 658,476 tons during the en- tire year of 1933. 550-750 | INVESTMENT TRUSTS NEW YORK. December 19 York Security Dealers’ Associstient Admin Fund w w Am Bankstock: Cumuiative Tr Sh' . Corporate Trust Corporate, Trust A ik Corp Tr A Eorporate "Thust Aceum B Ber. . OOy = ine e B35 or 3h9 e 3 DD o 323832 @ @ Incorp Investors Inv Tr N Y Coll “A' Mass Invest Tr . Mutual Invest Nor Am Tr 8h 1958 Plymouth Pund A Quarterly In¢ Shrs ted Am Sh _ . Sisiodmisiat SrSRER8REA3R533RERBE e OSSN NSRBI 210N Brgfuiimaonasin Trusteed N ¥ Trusteed U. S. TREASURY POSITION. By the Associated Press. _The position of the Tr lllry December lfistxsnze‘n‘ T the for t’ . 343.620.467 90335 of emergency e cess” of expenditures lnlg .l‘lt'l_!s "R 195.36° eceipts for - parable date’ last vear), 51839 uuf“"" expenditures. $64.000.698.27; net balance. 46.204 60, customs * receipts for the month. 267.869.46. ».u ’:‘" ‘ i “a with the ELECTROLUX the GAS REFRIGERATOR Electrolux is more than a thoughtful gift—it’s the practical solution to Moth- er’s kitchen problems. It will provide her biggest thrill on Christmas Day, and the joy of using it throughout the years will make this Christmas remain long in her memory, Strange to say, Electrolux is perhaps the most economical gift you can give, for it actually pays for itself through its three big economies—savings on food, N “ntflfi* N SoK 4N - mechanism. savings through low running cost, and savings because of longer life of the refrigerator due to lack of complicated \ : Electrolux will benefit every other member of the family as well, in added health protection and through the greater VA B \‘ . Q,r“lfi’-t,fi N," i f 7 variety of menus it makes possible. Give Mother Electrolux, the Gas Refrigerator! Buy it now while special Holiday prices -and terms are still in effect! o) e 0 WASHINGTON GAS LIGHT COMPANY Dlstrict 8500 411 Tenth Street, N. w. GEORGETOWN GAS LIGHT COMPANY 1339 Wisconsin Avenue vy & €. »),Y‘ e WEst 0615