Evening Star Newspaper, December 21, 1934, Page 18

A—Ig ¥s» GOCKELER CHEERED) BY 1935 OUTLOOK Head of Capital Exchange Foresees Contmuatlop of Year’s Gains. BY EDWARD C. STONE. C. J. Gockeler, president of the Wi n Stock Exchange, pre- dicted today that 1935 will be a ban- ner year on the exchange; that the strength main- tained during 1934 will be con- tinued, and that the recent nota- ble price stability ought to be an outstanding fea- ture again next year. He is also optimistic on the banking and busi- ness outlook here. “The end of 1934 shows a vast im provement in conditions in Washington,”Mr, & * Gockeler, Gockeler said, “which, I am confident, will be continued during the coming year. The stability of our local issues, their reports of increased earnings and dividends will make local stocks and bonds more attractive to the careful investor. “Renewal of confidence expressed in the street for the New Deal will tend, I believe, to promote the general activity of our Washington Exchange. - The increased business reported by local merchants naturally means in- creased profits, and no doubt a part of this larger income will be invested in the strong securities listed on the exchange. “The culmination of the street rail- way merger during the past pear and the declaration of a dividend by the new Capital Transit Co. should be noted by investors in Washington,” the exchange president added, “as well as the upward trend in the com- pany’s earnings. Registry Aids Exchange. “The Washington Stock Exchange was one of the first exchanges in the whole United States to be registered for trading by the new Securities and Exchange Commission, The require- ments exacted by the commission of their member exchanges will tend to safeguard investors to the highest degree. “The record of prime issues oa the ‘Washington Exchange during the past year has been particularly good. Prices have been well supported and there have been many advances. It is also worthy of note that prices on good securities here did not drop nearly as far as a great many issues on the New York Exchange did at the time of the break or afterward. Exchange officials are justified in fecl- ing proud of the way that the best stocks and bonds on the board have acted during the past year. That record augers well for the future.” Mr. Gockeler has been president of the Exchange for the past two years, ‘was secretary several years and is an official in the Hamilton National Bank. Christmas Clubs Are Booming. Christmas savings clubs in the Washington banks were reported to- day as starting more new member- ships than they had at the same time last year and a survey revealed that the amounts being subscribed are also larger. While the time for join- ing the 1935 clubs runs into January, it is already evident that last year’s records both for members and amounts will be exceeded. The increase in population in the Capital during the past year is one reason given for the growing inierest. General improvement in business con- ditions is another. A third reason voiced by new subscribers is that they expect to see restoration of the Gov- ernment pay cut in the near future. The prospect of an increase in ircome has motivated many to turn to the popular Christmas savings clubs. ‘When the 1935 totals are availaole there are likely to be some real sur- prises on the way the clubs have swung back toward the former thrift peaks. Fleming on Recovery Bdard. Robert V. Fleming, president of the Riggs National Bank and first vi preisdent of the American Bankers’ Association, has been made a mem- ber of the Business Recovery Board just chosen by the business leaders in session at White Sulphur Springs. Thomas W. Brahany, manager of the Washington office of E. A. Pierce & Co,, is in Florida on a short vaca- tion. Securities and Exchange Commis- sion has granted the application of Peoples Drug Stores, Inc., for regis- tration on the New York Stock Ex- change of 122,737 shares of unissued common stock. The stock is to be is- sued as a 100 per cent stock dividend and will be quoted ex dividend Mon- dxy December 31, the Exchange has !n "the first 11 months of this year the Chesapeake & Ohio Railroad FINANCIAL. THE EVENING STAR, WASHINGTON, D, TRANSACTIONS ON THE NEW YORK Received by Private Wire Direct to The Evening Star. Previous ~— 1934 — High. 11% % 9% 113 zsu b4 14% 23% Stocksand Sal Low. 6 Adams Express 3% Advance Rumley... 4% Aflliated Prod(60c) 91% Air Reduct'n t4%.. 1% Airway Elec Appli. 16% Alaska Jun (11,20) 1% Alleg Corp (K)..us 5 Alleg Cpxw (K).... 15 Allegheny Stl h30c. 160% 115% Allied Chem (6).... 106% 10% Allis-Chalmers 11% Alpha Por Cem 25¢. 23 Amal Leather. .. 89 Amerada Corp T 25% Am Ag Chem Del(2) 11% Am Bank Note..... 40 Am Bank Nte pf (3) 19% Am Brake Shoe 80c. 96 Am Brake Sh pf (7) 90% Am Can (15).eeeese 12 Am Car & Foundry. 19 AmChainpf....... 46% Am Chicle (13%). .3 20% Am Comcl Alcohol.. 615 Am Crystal Sugar. . 46% Am Crystal Sug pf. 1% Am Encaustic...... * 4% Am & Foreign Pwr., 11 Am & For Pw pf (6) 11% Am & For Pw pf (7) 6% Am & For Pw 2d pf. 10% Am Hawafian SS(1) 17% Am Hide & Leath pf 26% Am Home Prod 2.40, 8 AmIceCo.... 4% Am Intern % Am La France (k! 3% Am La Fran pf 143% Am Locomotive 35% Am Locomotive pf. 12% Am Mch & Fdy (1).. 4% Am Mach & Met ctf, 12% Am Metals 31 Am Power & Light.. 9% Am P&L $5 pf (1%) 11% Am P&L $6 pf (13%) 10 Am Radiator. - 13% Am Rolling M 36 Am Safety R‘xzor(‘) % Am Ship & Com.... 30% Am Smelt & Ref. T13% Am Sm&Ref 6% bf. 125 100 Am Sm&Ref pf (7)u 71 48% Am Snuff (13%). 127% 106 Am Snuff pf (6).... 26% 92 72 24 10% Am Steel Foundry.. 59% Am Stl Fdry pf (2). 46 Am Sugar (2) 13% Am Sum Tob (t1% ) 125% 100% Am Tel & Tel (9)... 86 89 65% Am Tobacco (5)...« 67 Am Tobacco B (5). 130% 107% Am Tobacco pf (6).: 8 17% 1% 39% T% Am Type Fdrs pf (k) 12% Am Water Wks (1), 54 Am Wat W 1st (6).. 7 Am Woolen.......o 36 Am Wool pf (h2%). 1 Am Writ Paper (k) 2% Am Writ Pap pf (k) 10 Anaconda Copper.., 26% Archer-Dan (t13%) 117 110 Archer-Dan pf (7 6% 1% 18% 87w 3% 90 16 344 3T% 46% 115 10 45% 109% 76% Armour Del pf ( 314 Armour of Illinots. . 46% Armour 111 pr pf (6) T% Asso Dry Goods. ... 46 Asso Dry G 1st pf... 45% Atch To& S F (h2).. 70% Atch To&S F pf (5). 24% Atlantic Coast Line. 5 AtlGulf & WInd... 2134 Atlantic Ref (1). 35% Atlas Powder (2) 83 Atlas Powder pf (6) 161 Auburn Auto. . 7 Austin Nichols. ... 89% Austin Nich pf ) 8% Aviation Corp Del. .. 4% Baldwin Loco.....e 16% Baldwin Loco pf.... 13% Baltimore & Ohio... 15% Baltimore & Ohio pf 85% Bang & Arros (2%). 95% Bang & Arros pf (7) 5% Barnsdall Corp. 19% 10% Beatrice Creamery.. 16% 23% 19% 40 49!1 T4y 48% 8% ] 8 8% Belding-Hem (h50c) 9%, Bendix Aviation...s 12% Beneficial Loan 1%. 26 Best&Co (1%).. 24% Bethlehem Steel...3 19% Bigelow-San (h1).. 6 Blaw KNoX.......e 17 Bloomingdale (40c). 88 Bloomingdale pf (7) 6% Boeing Aeroplane. . 44% Bohn Alumn& Br(3) 76 Bon Ami (A) (15) 19% Borden Co (1.60)... 16% Borg Warner(t1%). 12 Briggs Mfg (11%).. 14 Briggs&Straton (2) 26 Bristol-Myers t2.40 28% Bklyn-Man T (h1%. 8214 Bklyn-Man T pt (6) 46 Bklyn Union Gas(5) 4 Brunswick-Balke... 314 Bucyrus-Erie. . & Bucyrus-Erie cv pf. 3 Budd (EG) Mfg. 16 Budd (EG) Mfg p 2 Budd Wheel.. 5% Bullard Co..... 1% Burns Bros (A).... 1 Burns Bros (A) vte. 4 Burns Bros pf 10% Burr Add M (n165€) % Bush Terminal (k).. 1% Butte Copper & Zine 14 Butterick Co. 13% Byers (A M). 18% California Pkg(1%) % Callahan Zinc. . 2% Calumet & Hecl: 123 Canada Dry G A (1) 10% Canadian Pacific. .. 284 Cannon Mills (2)... 26% Cap Admin pf A (3). 35 Case (JI) Co. 23 Caterpillar Tr t1%. 17% Celanese Corp... 63 Celotex Co pf (k) 18% Cent Aguire (13%).¢ 53 Central RRof N 5% Century Rio Mills. . 80% Cerro de Pasco (2)w 391 Ches & Ohlo (2.80).. 84 Ches-Corp (2%)...3 1% Chi & Eastn Il (k) & 1% Chi & E Il pf (K)... Dividend Rate. Md 010 Bllh Low. Close. SAOD-_ 6% 9% 20% 95% b% 12% 21% l 18% 18% 184 + % ll 130% 130 130% +1 - 3% + % 3% Cuban-Am sun.r 13% Curtis-Publishin; 48% Curtis Pub pf (j6. 2% Curtiss Wright, 5% Curtiss Wright (A). 11 Cutler Hammer.... loug:oro&Co......... 85 laware & Hudson. 14 Del Lack & West 3% Den & R G 28% Diamond M n! (l%) 82 Dome Mines (13%). 11 Dominion Strs(1.20) 14% Douglas Aircraft... 8 Dresser Mfg A h114; 80 Dupontde N (13%). 128 115 Du Pontdeb (6).... 107 90 Duquesne Lt 1st (5) 40s 104% 104% 104% = % 19% 20 - 11% 43% 23% 14% FREFFFREFSIE P FEF FEE F¥FF 10% 58 264 12% 36% 1% 21 64% FFEF 4% Eastern Roll Milis, 79 Eastman K (14%).s 12% Eaton Mfg (1)....0 156 Electric Auto Lite.. 93 1 127% 127% 127% — 1 6% 9112 30 80 Elec Auto Lite pf 7. 110s 20 3 Electric Boat... 4% E1&Mus Ind(hife) . 2% Elec Pwr & Light... 6 Elec Pwr&Lt §6 pf. 6% Elec Pwr&Lt 87 pf.: 84 Elec Stor Bat (23). 5 Elk Horn Coal (k).. 2% Engineers Pub Sve 10% Eng Pub Sve $5 pf. 11 EngP S $5.50 pf w: 13 Eng Pub Sve $6 pt. 5 Equit Office Bld. 9% ErleRR...... 9 ErfeRR 2dpf.. 7 Eureka Vac C1(30c). 9 Evans Auto P(50c) .x 62 PP T TR OTRRIVE 3 Exchange Buffet... 180s 30 Fairbanks-Mrspf.. 2 Fed Screw Works. ., 1 Fed Water Sve (A). 23% Fid Ph F In (1.20).. 134 Firestone (40¢).... 71 Firestone pt A(6).4 5414 First Nat Sirs(2%). 2 Follansbee Bros (k) 10% Food Machinery.... 55 Foster-Wheeler pf. 6% Foundation Co..... 17% Fourth N Inv(h85c) 8% Fox Film (A)...... 20 Franklin Simon pf.. 21% Freeport-Texas (2). 5 Fuller Co2d pf.. 8 Gamewell Co 5% Gen Am Inve: 30 Gen Am Trans(1%) 12 Gen Asphalt.... 6% Gen Baking (hé5c 1081% 100 Gen Baking pf (8) 5 Gen Bronze... 27 Gen Cigar (17) 167% Gen Electric (60¢).. 11% Gen Elec Spe (60¢) » 28 Gen Foods (1.80)... % Gen Gas & El (A)... 11 GenG&E7% pfA. 51 Gen Mills (3). X17‘1 103 Gen Mills pf (6) 140s 14 1 308 3 8 10s 18 @ 12 L *FOEFF FF FS 24% Gen Motors (11% 89% Gen Motors pf (5 31% Gen Outdoors Adv.. 10 Gen Print Ink (11). 13% Gen Prtg Ink pf (6). 2 Gen Public Service.. 23% Gen Ry Signal (1).. 1 Gen Realty & Util. 10% Gen Refractories 10 Gen Refrac ctfs. 8% Gillett Saf Raz (1) ., 47 Gillette Saf R p£(5). 2% Gimbel Bros. ..... 16% Gimbel Bros pf.. . 15% Glidden Co (11.30) 3% Gobel (Adolf). 16 Gold Dust (1.20) 961 Gold Dust pf (6) 8 Goodrich (BF). 35% Goodrich (B F) pf.. 18% Goodyear T & Rub.. ~8% Gotham Silk Hose. . 1% Graham-Paige. . 4 Granby Consol 4 Grand Union....... 23 Grand Union pt (3). 28 Grant (WT) (1) 12% Great Northern pf.. 815 Grt Nor Oreg (h50c) 25 Grt West Sug(2.40) . 118% 102 Grt West Sug pf(7). 16% 8% 6315 9%, 24% T 6% 967 3% 24% 387% 66 31% 73% 49% 4% 17 o 3T 12% - |I::+++|I+l+++|+ 164 131 5 Gulf Mobile & N 3% Hahn Dept Store: 25% Hahn Dpt Stores pf. 31 Hall W F Printing.. 13 Harb Walker (SOC). 115 Hat Corp (A) 1% Hayes BodY......es 74 Hazel Atlas Gl (5).. 59 Hercules Pw (13%) 48% Hershey Choc (3). 83 Hershey C pf (15) 4% Holland Furnace. 5% Holland & Son (5 11 Houd-Hersh A j2%. 284 Houdaille-Hersh B.. 43 House Fin pf (3%) . 12% Houston Oil.... 215 Houston Oil (new) 35% Howe Sound (3). 4% Hudson Manhattan, 6% Hudson Motor Car 1% Hupp Motors 13% Illinots Central 48% 111 Cent 1s Inl(4)... 19% Indus Rayon (1.68). 49% Ingersoll-Rand (14). 34% Inland Steel (h50c). 2 Insur-Sh ct Md(10¢) 5% Interboro RpTr(k). 2 Int Agriculture..... 15 Int Agriculture pf.. Int Bus Mach (p6).. 4% Int-Carriers Ltd 200 18% Int Cement (h25c).. 233 Int Harvester (60c) 214 Int Hydro Elec (A). 214 Int Merch Marine. 21 Int NickCan (60c).. 2 IntPaper & Pw (A), % Int Paper & Pw (B), 81 Int Paper & Pw pf.. 9 Int Print Ink h50c.. 66 Int Print Ink pf (6). 7% Int Rys Cent Am pf. 23 Int Rys Cent A ctfs. 21 IntSalt (1%). 38 IntShoe (2).... 1608 l!Bh 5 5% 561 16% 6 L ST T o [S3=T YT =Yy o =1 - - = ot WoreSraRB A SHa o -3 % 2:30 p.m. Stocksand Sales— Low. 4 Martin Parry. 0% 23% Mathieson Alk(1%) 80 May Dept Str (1.60), 4% Maytag Co...o...u0 10 Maytag pf wwil%. 9 Maytag xw (J13).. 49 Maytag istpf (6)... 40% 26 Melville Shoe (2)... 6% Midland Steel Prod, 86 Minn-Hon Reg (13). 1% Minn Moline Pow..\ 15% Minn Moline Pow pf 4% Mo Kan & Texas. . 12% Mo Kan & Texas pf. 2% Mo Pacific pf (k)... 89 MonsantoC (t1%). 20 Montgomery Ward. 37 Morrell(J)&Co 3.60. % Mother Lode. . 6 Motor Meter 15% Motor Produc! 6% Motor Wheel. 5% Mullins Mfg. 12% Mullins Mfg pf. 3% Murray Corp. 32% 12% Nash Motors (1). 46 19% Nash Chat & St L. 183% 5% Nat Aviation......: 12% 3% Nat Bellas H pt (k) 49% 25% ){ll Biscuit (2). Nat Dairy Prod 1.20 Nat Dept Store (k). 16% Nat En & Stpg (h1). 6% Nat Pwr & Lt (80c) . 341 Nat Steel (1)....... 10 Nat Supply Co. 3334 Nat Supply pf 9 Nat Tea (60c).. 5% Newport Industries 11% N Y Alr Brake...... 18% New York Central. . 9 N Y Chicago & St L. 16 NYC&StLpt, % N Y Investors (k).. 6% N Y N H & Hartford 1% NYNH&Hpf.. 4% N Y Ontario & West 73 NY Steam pf (6)... 30% Noranda Mines (h2) 187 161 Norfolk & W (t10).. 100% 82 Norf & West pf (4). 8% 2% North Am Aviation. 25% 10% North Amer (1).. 45 34 North Am Copf (3). T4% 47% North Am Ed pf (6) 36% 141 Northern Pacific. .. 40% 29 NorwalkT&R pf3l 16% 7 2% 6% 19% 8 25 47 94 FFEEL FEFE 61 8% Ohio Ol (h45c).... 2 Oliver Farm Equi 9 OliverFEaprpfA. 3% Omnibus Corp 13% Otis Elevator (800) = 10 3% Otis Steel. 9 Otis Steel pr pf. . 32% Qutlet Co (12%)... 60 Owens-1ll Glass 4) 3% Pacific Coast 1st. 12% PacificG & E (1%). 20% Pacific Lighting (3) 19 Pacific Mills (h50c). §% Pac W'n Oil (h40c). 2% Packard Motor. 1% Par-Publix ctfs(k). 1950. 23 Park Utah......... 3 Pathe Excharge 10% Pathe Exchange(A) 9% Patino Mines...... 1% Peerless Motor..... 44% Pennick & Ford (3). 5134 Penney (J C) 14.40. 2% Penn Dixie Cement. 20% Penn RR (h1). 21 Peoples Drug S 19% Feoples Gas Chi 12 Pere Marquette 13% Pere Marquette pf.. 9% Pet Milk (1).. 84 Petrol Corp (h50c). 13% Phelps Dodge(h75c) 4% Phila Rap Tr pf (k) 3% Phila & Read C & I.. 11% Philip Morris (1)... 13% Phillips Petrol (1). % Plerce-Arrow (K).,. 3 Pierce Ofl....... % Pierce Petroleum 183 Pillsbury Flourl.60. 27 Ppitts Coal pf 43 Pitts Screw & Bolt. 115 Pitts Terminal Coal 84 Pitts Term Coal pf. 25% Pitts United C pf... 11 Pitts & West Va - 734 Plymouth Oil g75C.. 6 Poor&Co (B)...... 2% Port Ric Am Tob A. 1 Port Ric Am Tob B. 10% Postal Tel & Ca pf.. 1% Pressed Stl Car (k). 44% 33% Proc & Gamb t1.70. 117 102% Proc & Gam pf (5). 26 Pub ServNJ (2.80), 67 Pub Serv N J pf (5). 79 Pub Serv N J pf (6). 90 PubServ N J pf (7).. 85% Pullman Inc (3) . 6% Pure Oil.. . 49 Pure Oil pf. 8% Purity Bakeries (1) 11% 308 30s 210s 33 1 2 2 84 9 0 80 s 19% [ ] 9% 4% Radio Corporation.. 55% 23% Radio Corp pf (A).. 15 Radio Corp pf (B).. 1% Radio-Keith-Or (k) 7% R R Sec 111 Central. 143 Raybestos-Man (1). 6 Remington-Rand... 2 Reo Motor Car. 10% Republic Steel. . 3314 Republic Steel pf... 15% Reynolds Metals(1) 614 Reynolds Sp (40¢).. 39% Reynolds Tob B (3). 20% Roan Antelope Ltd. 28% Royal D(h1.35 3-10) " » 39% 57 2T% 4% 6% 12% 38% 8 30% 38% Safeway Stores (3). 84% Safeway Strs pf (6) 15% St Joseph L (h30c).. 1% St L San Fran (K).. 1% St L San F pf (K)..; 5% Savage Arms...... 17% Schenley Distillers. 3 Schulte Retalil Strs. 15 Schulte Re Strs pf. " ror- HANWHREN HER SN0~ S e @ C., FRIDAY, DECEMBER 21, 1934, . FINANCIAL, STOCK EXCHANGE ||STOCKS BEAT TIME Dividernd Rate. Add 00. llfll.. 2 o R FEL; (REREANEE ST - o 81 33 70 169 169% 100% 100t 3%a 12% 40 574 194 29 9% 3% 20% 4% 13 4% = FEFFFF FEFEFSIFEFT FEFEFFFEF 1+ LA+ ¥ P F FES I+++ + EEER & 8 # EP I+l|t||+ SEFS Fre ¥ FFEFFEF 2! 147 8 17 17 33 9% T4% 18 25% 3 15% 2% 15% 6% 29% 2:30 p.m. tocksand Sales— Dividend Rate, Add no. High, Sharp & Dohme.... 38% Sharp & D pt (3%). 6% Shattuck (FG) 26c.. 6 Shell Union Oil.. 57 Shell Union Oil pf.. 8% Simmons Co....... 7% Simms Pet (h55c).. 6 Skelly Oil... . 15 Sloss-Sheffield. 18% Sloss-Sheffield pi 6% Snider Packing. 123 Socony-Vae (60¢c).. 86 SolvAm pfww i?fi - ) 21 8o Por Rico Sug (2 10% South Cal Ed (1%). 14% Southern Pacific. .. 11% Southern Railway.. 14 Southern Rwy pf... 2% Sparks-Withington 89 Spear & €o 1st pf.., 6% Sperry Corp (25¢)., 19 Spiegel-May-Stern.. 5% 17% Stand Brands (1)... 121% Stand Brands pf (7) 3 Stand Com Tobacco. 4% Stand Gas & Elec... 6% Stand G & E1 4% pf 11% Stand G & E1 6% pf. % Stand Invest Corp.. 26% Stand Oil of Cal (1). 96% Stand Ol Exp pf(5) 23Y% Stand Oil of Ind (1) 89% Stand Ol N J(11%) 6 Starrett L S (h50c). 47% Sterling Prod(3.80), 1% Sterling Secur (A) 4% Stewart-Warner. 4% Stone & Wel 1% Studebake: 51% Sun Ol ($1). 100 Sun Oil pf (6). 11% Superheater (50¢c).. 1% Superior Oil. ... 4% Superior Steel. % Symington. 5 11% l% 7% Telautograph (1)... 3% Tennessee Corp.... 19% Texas Corp (1)..... " 80 Tex Gulf Sulph (2). 214 Tex Pac Coal & Oil.. 6% Tex Pac Land Trust 8 Thatch Mfg (h25c). 4 The Fair. 2% Thermoid 4 Third Avenu 10 Thompson Products 1% Thompson Starrett. 8 Tide Water Asso.., 64% Tide W A pf (38%). 80 Tide Wat Oil pf (5). 3% Timken-Detroit.... 24 TimkenR B (11%). 5% Transamerica h25c. 3% Tri-Contl Corp 1% Truax-Traer C 3% Truscon Steel 1% TwinCity RT. 6 TwinCity RTp 1 Ulen&Co .ee 36 Und-Ell-Fisher (2). 35% Un Carbide & C 1.40. 11% Un Ofl of Calif (1). 90 Union Pacific (6)... T1% Union Pacific pf (4) 15% Un Tank Car (1.20). 83 United Aircraft. 3% United Air Lines&' 8 United Am Bosch 21% Unit Biscuit(1.60).. 107 Unit Biscuit pf (7). 55% 317% 53 2214 22% 33% 4% ™% 35 United Carb (2.40). 2% United Corporatiof 24% United Corp pf (3).. 9% United Drug... . 3% United Elec Coal.., 69 United Fruit (3).... 11% Unit Gas Imp (1.20) 4 Unit Piece Dye Wks 11 USFreight (1).... 34% U S Gypsum (11%) 4% U S Hoffman. 82 U S Indus Ale 15% US Pipe & F (aoc) . 4 US Realty & Impr. 11 US Rubber........ 24% U S Rubber 1st pf. . 96% U S Smelt & R (h9) . 29% United States Steel. 67% U S Steel pf (2).... 2% United Stores (A).. 40% Univ Leaf Tob (13) % Univ Pipe & Rad. .. 1% Util Pwr & Lt (A).. ~ Frs » e onkNslisecannannSone % Vadsco Sales Corp.. 14 Vanadium Corp.... 24% Vick Chem (12. 10 Va-Car Chem 6% pf 65 Va El & Pwrpf (6). 52 Vulcan Detin (h3).. 113 Wabash (k). . 2% Wabash pf (A) (k). 4 Waldorf Sys (h20c) 17% Walgreen Co (m1).. 2% Walworth Co.... 1% Ward Baking (B). 2% Warner Bros Pic... 3% Warren Bros. . 81 Warren Bros cv pf.. 13% Warren F & P (h1). 3 Webster Eisenlohr. 15% Wesson O & S (11).. 52% Wesson O & S pf(4) 51% West Pa Elec pf (7) 78% West PennPw pf(6) 1% Western Dairy pf A 1; Western Dairy pf B 7% Western Maryland.. 4% Western Pacific pf. 29% Western Union.... 15% Westingh'se AB 50c 27% Westinghouse Elec. 82 Westingh'se 1st 334 6 Weston Elec Inst... 14% Westvaco Chl (40¢c) 2 Wilcox Oil & Gas... 4% Wilson & Co....... 12% Wilson & Co (A). 53 Wilson & Co pf (j'l) 41% Woolworth (2.40).. 13% Worthington Pump. 31% Worth Pumppf A.. 1 50 03 et 1k O 07 00t i B0t 14 Yale & Towne (60c) 13 Young Sp&W(11%) 12% Youngstown S& T.. 1% Zenith Radio. 3% Zonite Produc 110% 110 1% 1% 29% 30 + % 110% + % 25 42% +1% 13% + % 58% — % 24% 41% 12% 58% 1% 8% FEFFIEEF FEFE - ¥ [} i I+ I+ ¥ EE FE F& 4+ 8 (33 Frrrre FFESFEESFTES % Sales of Stocks on the New York Exchange. «+ 240,000 «++ 540,000 Dividend rates as given in the above table are the annual IN DULL TRADING Most Leaders Are Narrow. Prices Stiffen After Early « Irregularity. BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, December 21.—Dull- ness ruled in the stock market today and the majority of leading issues showed narrow changes. Prices stiff- ened in the late trading following some earlier irregularity led by further sell- ing in the utilities. Sears, Roebuck and American Telephone showed losses of around a point each. National Dis- tillers and Standard Oil of New Jersey were firm spots, while Consolidated Gas, U. 8. Steel, Montgomery Ward and N. Y. Central held about even. Transfers approximated 850,000 shares. Shares of Consolidated Gas and North American managed to recover small fractions, but Public Service of New Jersey dipped a point or so be- fore meeting support and American Telephone lost as much. Standard Oil of New Jersey came to life with an ad- vance of a point and a firm tone was displayed by Eastman Kodak, Stand- ard Oil of California, American Can, National Distillers and a number of others. Among stocks off a point or more were Interboro Rapid Transit, Brook- lyn-Manhattan Transit, Monsanto Chemical and Sears Roebuck. Issues about unchanged to a trifle lower were United States Steel, Bethelehem, General Electric, General Motors, Chrysler, Montgomery Ward and Schenley. The rails were listless, despite an unusually good freight car loadings report for the week ended Decem- ber 15. The tendency of various stocks to draw away from the adverse influ- ence of the utilities was encouraging to those technicians who still believe that the course of prices, especially in the industrial groups, is upward. Administrative opposition to the proposal of business and industrial leaders that the Government swing away from work relief to direct aid to the needy was generally viewed in Wall Street as “unfortunate” in that the co-operative move between finance and Washington might be retarded. Hopes were expressed, however, that the controversy would not reach the stage where it would seriously inter- fere with the progress of recovery. Chicago Grain By the Associated Press. CHICAGO, December 21.—Larger buying in the corn futures market than has recently been witnessed led to late advances of corn prices today and helped to rally wheat. Demand for corn futures was due more or less to the fact that prices had broken about 8 cents a bushel from the recent high point. There was some talk that in view of lack of subsoil moisture in the Spring wheat area the aggregate crop of all wheat for 1935 might turn out below normal domestic requirements. Corn closed unsettled s off to 5 up compared with yumdayl finish, May, 8612a%; wheat Y- advance, May, 98i2a%; oats 1-% down, and provisions unchanged to a rise of 10 December January Chicago Cash Market, Wheat, No. 2 red, 99'2; No. 2 hard, 1.05; corn, old, No. 5 yellow, 86; new, No. 5 mixed, 84; No. 2 yellow, 89; No. 3 white, 95a95l5; oats, No. 3 white, 53'2853%; No, 4 white, 50%; no rye or buckwheat; soy beans, 2 yellow, 1.15 net track country station: barley, 78a1.22; timothy seed, 16.50a17.50 per hundredweight; clover seed, 15.25a 22.00 per hundredweight. . Liverpool Grain Prices. LIVERPOOL. December 21 (P).— tutires closed easye e or P Wheat POWER PROFITS DOWN. NEW YORK, December 21 (#).— Commonwealth & Southern Corp. re- ports for the 12 months ended No- vember 30 consolidated net income of $8,236,104, equivalent to $5.49 a share 31, Chi Great West pf.. 2 Chi Ind&Lou pf (k). 2% Chi Mil St P & Pac 3% Chi Mil St P &P pf.. 4% Chi & Northwestern 81% Chi & Northwest pf. 3% Chi Pneumatic Tool. 14% Chi Pneu Tool pf... cash payments based on the latest quarterly or half-yearly declarations. s Unit of trading less than 100 shares. t Partly extra. 3 Plus 0%in stock. & Paid last year—no regular rate. b Payable in -mck §Plus 4% in stock. hPaid this mr 1 Accumulated e Payable in cash or stock. f Plus$1 in special preferred :xrn%e‘?na: bald this yoar. Companies reporied in faceivership SHock > Plus 3% in siock. x Ex dividend: e on the $6 preferred stock, against $8.- 263,255 or $5.51 a share on the pre- ferred for the 12 months ended Nc- vember 30, 1938. R Gamewell Co.—Deficit, six months 50% Bfi% 514 4% 51% 9 41 Scott Paper (11.95). % Seaboard Air L (k). 20% Seab’d Oil(Del)(t1) 31 Sears Roebuck..... 1% Second Nat Invest 382 Sec Nat Inv pf (j2). 4% Servel Inc. earned $3.36 on the common stock, against $3.40 per share during the like period in 1933. Lively Day on D. C. Exchange. Trading was broad on the Wash- ington Stock Exchange today, first 11% % 8% 13% 15 28 9% 28% 7% Int Tel & Tel.. 24% Island Crk Coal (4). X FFEEEFEFEPELFESS 57% 33 Jewel Tea (13%4) 66% 39 Johns-Manville. 77 45 Jones&Laugh 17.9( —— sales being in Potomac Electric Power 51, per cent preferred, at 111 and 110%. The 6 per cent preferred moved at 109% and %. Railway & Electric preferred sold at 1003, % and % where it closed. Carpel Corporation stock appeared on the board today, 25 shares selling at 12. Several sales in Mergenthaler Linotype were recorded, the stock openlna at 32% and closing at 32 c;pml Transit Company stock brought 26%. A small sale of Riggs National Bank common stock took Pplace at 212. ‘Woodward & Lothrop common and preferred stocks were added to the ex-dividend list today, following the recent dividend declaration. Acacia Plans Yule Party. The annual Christmas party, at- tended by officials and more than 400 home office employes, will be held to- morrow by the Acacia Mutual Life In- surance Co. The affair will include a minstrel revue, sketches by the em- ployes, an address by President Wil- liam Montgomery, a luncheon given by the board of directors and com- munlty carol singing. Also, as part of Acacia’s Christmas activities, more than 150 baskets of foodstuffs, contributed by the com- pany's employes, will be distributed to needy families. Personnel of the committees is as follows: William Montgomery, hon- orary chairman; Program, Burt Lang- henry; Music, Laura Daugherty and Etta Miller; Properties, Ernest Rice, Lloyd Bauman, Jack Blades, Emil Loehl and Clayton Speakman; Lunch- eon, Katherine S. Carper and Ella Purks; Children’s Party, Katherine 8. Ernest’ Rice and Clayton Speakman. ) 6% 8 11% 17% 60% 1% Chi RI & Pac (k). .. 2 CRI&P6% pt (k) 3% Childs Co.. . 10% Chile Copper . 29% Chrysler Corp 1% 17% City Ice & Fuel (2) % City Stores.... 2% City Stores (A)...q 2 City Stores(A)ctfs. 24% Cluett-Peabody (1). 95% Coca-Cola (17)..sve 9% Colgate-P-P (175¢). 10 Collins & Alkman. .; T4 Collins & Aik pf(7). 5 Colonial Beacon Oil. 3% Colo Fuel & Iron(k) 18 Colorado & South... 13 Cole & Sou 1st pf. 11 Colo & Sou 2d pf. 6% Col Gas & Elec.. ... 58 Colum Carb (13.60 18% Comel Credit (2). .. 91% Comcl C 1st pf(634) 35% Comcl Inv Tr(t2%) 91 Comcl Inv cv pf(e6) 15% Comcl Solv (60¢)... 1 Comwlth & South. .y 21% Comwlth & S pf (6). 22 Congoleum-N (12).. 534 Consol Cigar. 45% Con Cg pr pf. 81 Consol Cigar pf(7). 1% Consol Film...euval 10% Consol Film pf (32). 20% Consol Gas N Y (2). 77 Consol Gas pf (5).a 7% Consol Oil (h42c) % Consol Textile. 6% Container Corp (A). 2% Contaliner Corp (B) 5% Contl Baking (A) 56% Contl Can (2.40) 23% Contl Insur (1.2 % Contl Motors. 16% Contl O Del (hi 19% 18% 4% 20 FFES EFFF BFEFEE 31% 14% 20 “"A 152% 129 Ligg & Mye! 1 26% 110s 109% 35% 26 55% 22% 6% Kans City Southern 13% Kayser (J)&Co h50c. 1 Kelly Spring Tire... 5 Kelly Sp Tire 6% pf 11% Kelvinator (170¢).. 16 Kennecott (h46c). 3 Kinney (GR) Co 22% Lambert Co (3)...a 7 Lee Rub&Tire(40c). 11 Leh Port Cement... 2% Lehigh Valley Coal. 9% Lehigh Valley R R., 64% Lehman Corp (2.40) 22% Lib O-Ford G1(1.20) 74% Ligg & Myers B(15) pf (T) 16 Lily Tulip Cup(1%) 16% Liquid Carb (11%).. 15% Lorillard P (12.20).. 130 102 Lorillard (P) pf (7). 3% 28% 21 62% 19% c). 40% Corn Ex Bk &Tr(l) 200l 55% Corn Prod Ref (3).. 8% Coty INC.....cceuue 28 Cream of Wht t2% . 18% Crown Cork & 8 (1). 85% Crown C&S pf(2.70) 47 Crown WP 1st pf(4) 3% Crown-Zellerback. . 17 Crucible Steel.. ) 1 Louisiana Oil...... 7% Louisiana Oil pf...: 12% Louisv GEE(A)1%. 37% Louisv & Nash (h3). 8% Ludlum Steel. MacAnd & F' (12.35) 5% McCrory Strs pf (k) 38% McIntyre Porcu (2) 79 McKeesport T P (4) McKesson & Rob. ... McKesson & Rob pf. 1 McLellan Stores (k) 914 McLellan Strs pf (k) 22 Mack Truck (1).... 85% Macy (R H)& Co(2) 2% Madison Sq Garden. 15% Magma Copper (2).. 134" Mallison & Co...e0s 10% Man Elevm g (k). 4% Marancha Corp 5% Marine Midld (Ioc). 4% Market St Ry pr pf. 8% Marshall Field. 4 % 16 lfld!/q 103% 1151 1 184% _ ShamSewnde e - e P =i} TOP A 151 18 New York Cotton By the Associated Press. NEW YORK, December 21.—Cotton was a little more active today, with buyers finding some encouragement in reports of a continued good business in cotton goods and improving pros- pects for export demand. Contracts were supplied on com- pamflvely\sugm advances, however, Freight Loadings Rise 28,924 Cars Above Week Ago By the Associated Press. The Association of American Rail- roads announced today that loadings of revenue freight for the week end- and after selling up to 12.59 for ing December 15 were 579,935 cars, an March contracts, acted slightly under realizing. March was holding October relatively firm. Liverpool Quotations. 21 (P prices nce, middl lnw fair d mand; 12 l‘* Al K Itl'ltl ;D"c mflflllnl. a5+ % | ber ohe Saary 6 11% + %) May. 6. 10% — % 59 -1 40% + % 90% + % | W--u\ 4% - % 89% — % July 6.7 By the Associated Press. or about 2 to 8 points net higher, the market re- around 12.57 during the middle of the afternoon, when active months were about net unchanged to 6 points higher with % - % December, .—Cotton, 104 + % uLooo h-uus“‘mcmmm 15.600 American. mTadm; Y 6.8 lnh 681 ‘October. 6.62. BANK RESERVE RATIO SHOWS SLIGHT LOSS The ratio of total reserves of the 12 25% — % | Beserve banks to deposit and note 44% — % | liabilities combined showed a slight increase of 28,924 above the preced- ing week and 20,516 above the corre- sponding week in 1933 and 64,166 above 1932. Miscellaneous freight loaded totaled | x 196,813 cars, a decrease of 808 from the preceding week and 3,496 above 1933 and 48,851 above 1932. INSURANCE STOCKS 21 (P.—New YORK, York Becunity Deaters Assoc ation: Aetna Cas (2%*) . Aetna Fire (1,60) Asudi (250 Am Remsur (3%) Am Surety (1) it Ami E2I55S S e WERRE X3 Mass Nm therty N L Nor' River 45 Ehoenix (Z*) Less than carload merchandise U 2,129 below the preceding week and 4,764 below 1933 and 4,778 cars be- low 1932. Coal loaded amounted to 147,907 cars, an increase of 29.819 above the week, 20,459 aboves 1933 preceding and 3,104 lbov:nlfii. Grain and products totaled am above 1932. of districts grain products were 19,240 cars, & decrease of 642 below the e week' last year. xmm-‘& totaled 154,049 cars, a decrease of | CURB SEAT IS LOWER. NEW YORK, December 21 (#).—Ar- rangements have been made for the sale of a New York Curb Exchange seat at $20,000, a decrease of $1,500 from the previous sale. . WASHER SALES JUMP. CHICAGO, December 21 (P).— Household washer factory shipments in November totaled 76,206, an in- and | CTe8%e of 8 per cent over November, 1933, 1933, it was reported. Shipments to December 1, 1934, totaled 1,164,921, indicating that the year will be the best in the industry’s history. S ended November 30, was $126,957 vs. deficit $67,093. vited for spartment. Pmcate: “butlness” ssd tati) Tyler & Rutherford, Inc. Mubuel Bende Lie Tasurance co, 1520 K St. NW. Na. 0475 for Nearly a Cm, (Since 1858.) Investment Yield Maximum Thomas L. Hume, Jr. 1426 G St. N.W. Nat. 0018 BONDS and ANNUITIES 7th St. & Indiana Ave. N.W. LOANS On Improved District of Columbia Real Estate Security 3rd series of stock now for subscription