Evening Star Newspaper, December 21, 1934, Page 19

BONDS DISPLAY INPROVED TREND Surface Movements Remain | Mixed—Some Utility Issues Recover. BY BERNARD S. O'HARA, Assoclated Press Financial Writer. NEW YORK, December 21.—The listed borfd market displayed a steadier undertone today but on the surface movements continued mixed. Trad- ing slowed down appreciably as the market found a better footing. Some of the utility shares under pressure earlier in the week rallied for fractional gains, among them Consol- idaled Gas 5%s and Columbia Gas & Electric 5s. Most Treasury issues yielded for ad- ditional small losses. Local traction issues encountered liquidation and rails génerally were mixed in face of a good contraseasonal gain in car- loa Fractional losses were recorded in Bethlehem Steel 5s, Erie 5s, Interna- tional Telephone 5s and Western Union 5s. Most foreign bonds moved narrowly. Washington Exchange SALES. Potomac Electric 5'2% pfd—3 at 111, 5at 1107, Potomac Electric 6% pfd.—5 at 1093, 2 at 109}, Wash. Rwy. & Elec. pfd—5 at 10034, 6 at 1003, 4 at 1002, 10 at 1003g, 15 at 1003%. The Carpel Gorp.—25 at 12. Mergenthaler Linotype—10 at 32%. AFTER CALL. Capim Transit Co.—10 at 265, 10 at 26%. uemnmalex Linotype—10 at 32%, 15 t 32, mggs Bank com.—4 at 212, Bid and Asked Prices. BONDS. PUBLIC UTILITY, fimer Tel, & Tel. 4':s Asked. Wash. Ry. & Elec. 4s.. MISCELLANEOUS. 0 Barber & Ross, Inc.. 61as. Chevy Chase Club 5% ol Country Club 5% D. C. Paper Mfz. 6s . Sk &R storase 55 STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9). CleLll ‘Transit Co. Steamboat. . Wash. "Gas Li. o, (x6d Pot. Elec. Power 6% prd i Pot. Elec. Pwr. 5l3s% pfd Wash. Ry. & Elec. com. (7 ‘Wash. Ry. & Elec. pfd. ( NATIONAL BANK. Capital 3),, Washirston (6)." TRUST COMPANY, Sy ge Ao Wash. Loan & Trust. (8).. SAVINGS BANK. h da 13) rmn msmuncx American 62 Corcoran (2.50) Piremen's (1.60 National Union ((70). TITLE INSURANCE. Columbia (.30) Real Estaté (6.00).. mscmulzows Carpel Corp. (1). D. C. Paper M. Emer. Bromo-Seyz. ‘A’ Lanston Monotype (4). Mergenthaler Linotype Eeoples Druz St vt (650} Real E e s«:uruy} slorsu l%) 30 o, (! 15 Bori 1110 3! eo Do B3, “Ex. dividend. PRIVATE CONSTRUCTION AWARDS LIFT TOTAL By the Associated Press. NEW YORK, December 21.—A larger amount of private awards raised this week’s engineeering construction total to $29,180,00, according to reports to Engineering News-Record. Private work totaled $13,991,000, the highest week since March 8; Federal awards at $4,831,000 exceeded those of the pre- ceding week, but were under the average week during the fourth quar- ter, while State and municipal awards at $10,358,000 were less than half of last week’s volume. BURLAP PRICES ADVANCE. NEW YORK, December 21 (#)— The ending of the dock strike in Cal- cutta failed to weaken the burlap market as expected and both spot and future prices have advanced 5 to 10| points on increased demand. .8 TBEASU.RY POSITION, By the Associated Press. The position ;r the 0%a101: cuswms Rt cess of expen- $1 gold assets, 8108309 97111, Receipts for Décember 19, 1n'13 (c'ony parable dlte last ’elrl $23. expenditur 201.797.08; et belaage, 233 mm: receipts for l-he month, 32, Receipts !or the fiscal u;r‘ $1. gnn 982.49. emergency expenditures tures. $038.648.901.14; gold assets. 201,097.006.96. ¢ S — Public ‘Service Co. of Northern Illi- nois, common share earnings, 11 months ended November 30, $1.84 vs. $2.38. Market Averages By the Associated Press. 99980 SRIREES (o (1932)0 72 deda 381 3 BONDS. 20 20 %0 6 Indus. Rals. Ui, Total 828" 8K ODDVMP I BRI wapeant SIEIBIE, E3% Song S S5 5128321220 gamssannae EEE R STRE PR st brlavo~~aaaz e R oomama s 2320 20m SRS oan . 7. = S ®i 1928 nnrno eauals 100 tqmm.mfimqe. Std. Statisties Co.) Of | Pernambuco 7s '47. . . LIIIR'I’V !ONDI. 1gh. 2.85. . . 10320 108 20 10320 :3:3"’3’4.‘: -l'l. 10319 10317 10317 4th 4% s 1933-38. 10324 10323 10323 4th 4% s 33-38 reg 10322 10322 10322 4th 43s 33-38 3d called.. 10128 10128 10128 4th 4= 33-38 3d called reg. . 10127 10127 10127 TREASURY BONDS. 35 1946-48 10025 10022 10024 3s 1951-56 0023 10020 10021 10124 10121 10121 10119 10114 10114 3% s1941........10414 10414 104 14 3% s 44-46 reg 10218 10218 10218 33,5 1941-43 Mar.10413 10411 10411 3% 8 1946-56 106 30 10628 106 28 10327 10327 10327 .. 10824 10821 10823 43,8-31,5 43-45.. 10226 10223 10224 4%s1947-52.....113 11228 113 FEDERAL FARM MORTGAGE BONDS. vees 9918 9914 9914 10115 10115 10115 351949.., 335 1964. | HOME OWNERS LOAN BONDS. 9621 9614 9618 9921 9915 9918 . 100 28 10026 10026 FOREIGN BONDS. High. Lo Abitibl Pa&Pw 5853, 31% Agr Bk Col 65’48 36! Akershus 5s ‘63 Antioquia 7s 45 A.... Antioquia 75 '45 B. v ew Antioquia s 45 D. Antioquia 1st 7s ‘57 Antloquia 3d 7s ‘57 Antwerp 68’5 Argentine 5% Argentine 65’57 A. Argentine 6s'58 B, Argentine 6s '59 June Argentine 68 '59 Oct. Argentine 6560 May. Argentine 63 60 Sept. Argentine 6s '60 Oct. . Argentine 6s’61 Febr Argentine 6s'61 May. Australia 43%s '56 Australia 5s 55 Australia 5s '57 Austrian 73 '¢3 Austrian 7s '57. —_— Belgium 6% . 1021 102% 102% . 110% 110% 1104 « 106 105% 105% 2T% 2T% 2T% 27% 27% 9115 911 51 54 5% 5% 6% 96 101 31 31 31% 45% 63 91 611 1% 2% 539-49 3s A 52, 4s 1951, 9414 9474 93% 96% 101% 4 101% 101% 88% Berlin 6868 Berlin 63%s'50. Bergen City 556 Bolivia 7s '5! Bolivia 7s'69. Bolivia 85 '¢ Brisbane 53 Brisbane 635 Brazil 615 '26- Brazil 6%s '27-57 Brazil 7s 52. . Budapest 65 27-62 Buenes A 65’61 st Pv, Buenos A Cy 6%s '55. Buenos A61;8'61stPv. Bulgaria 7s '67 July coupon off. , 64 1% Caldas 738 ‘46, Canada 4s 60 Canada 4%s '36 oo 14% . 105% 103% 1125 13 1415 14% 14% 144 1415 14% 1047 1047 103% 103% 112‘/’ 1124% Cauca Val 7%s '46. Chile 65 °60. Chile 63 °61 Chile 6s'61 Jan. Chile 6s°'61 Sept Chile 6s'62. Chile 6563 Chile 7542, Chile Mortg Bk 6s Chile Mortg Bk 63 '62 Chile Mtg Bk 6155 '57 Chile Mtg Bk 6%s'61 Chilean M L 78°69..., Chin Govt Ry 58 '51., Colomba 6s°61 Jan. . Colombia 6s "61 Oct. .. Copenhagen 4%3 '53. Copenhagen §s '52 Copenhagen Tel 5s ‘54 Cordoba 7s '57 stp Cuba 55 1904-"44 Cuba 5%s'45. Cund’amarca 6 Czechoslovakia 8s '62 Denmark 4%s '62.. Deamark 5%s '55 Denmark 6s'42. Finland 5%s '58 Finland 63s'56 Finland 7s ‘50. Finnish 63%s'54 B. French Gov T%s g Ger Gen El 6s 48 Ger Gen E1 6554 Ger Gen El 75 '45. German Gov 5%s '65. Ger Prov & City Bk con Ag 6% '58.. Graz 8s 56.“... Grt CElJap 6%s 50, Grt CElJap 7s'¢4.. Greek Gov 6s " Hamburg §t 6s°46. Helsingfors 614s '60. Hung Con M 7%s'45. Hait! 65°62.......... Italy 78°61..000u0ene Japan5%8°65....... Japan 63%s '54 Jugos Mtg Bk 7s'57.. Karstadt 6s 43 ct. Kreu&kToll 5s'59Ac: Lombard El 7s '62.... Medellin 6% Met Water 6%8 '50. Milan 6%8°52. Minas Geraes 6 %l‘ES Sept cou off. . Minas Gers 6% s'5 Minas Gers 638 '5! New So Wal New So Wal Nor Ger Lloyd 6s°47. Nor Ger Ld 6s'47Tnew. Norway 6s ‘44. Norway 6s'52. Norw Hy El1 5%s 57 Norw Mun Bk 58 '70.. Oriental Dev 5%s ‘58. Oriental Dev 6: Oslo 6s°65.... Panama 58 '63 Panama 55'6 Panama 5%s'53 s Paris Orl Ry 6%s ‘l. 158% 16% 15% 8% S"A 13% 14 115 114% 114% 86% 864 86% 28% 287% 287% 29% 29% 29% Pernam 7s'47Sep ¢ off Peru 6s'61.. Peru 75’69 Poland 7s 47 Queensland 7s’41.... 109% 109% 109% Rhein-Main 7s ‘50 38% Rhein Ruhr 6s 55 Rhine W EI P 6; Rhine W EI P 65 Rhine W E1 P 78 '50.. Rio Grdo Sul 7s 66 coupon off. Rio Gr do Sul 88 '46.. Rio de Jan 6%s 53 Aug cou off Rome 6%s '62 Royal Dutch Sao Paulo St 7s '56 Sept cou off. .. Sao Paulo Sta 8s'36 Saxon Pb W 6% Saxon Pb W 7s ‘46 | Serbs 7s 62 Nov ¢ on. Serbs 7s '62 unm ¢ on. Serbs 8s '62 unm ¢ on, Siemens & H 6%8 51, Silesia Prov 7s Silesian Bk 6s 47, 51% b5l% 51% Soissons 6 172% 172% 172% Sydney 5%s '56. 99% 99% 99% TN T4% T4% 8 8 8 FINANCIAL, s THE EVENING BTAR, WASHINGTON, D, C, 3 . ®¥3 A_19 Trondhjem l% Ujigawa EP 78°45... UnStl Wk 63%s'47T A, Un St Wk 63851 A, Un St1 W 6% C.. Un Stl Wk Brb s '51. Uruguay Vienna 68'62........ 99% 643 4% 9% 64% 3444 9% Warsaw 7s ‘! Westphal E1 P Yokahama 6s DOMESTIC !ONDS igh. Low. 2:55. Abr & Straus 5%s'43. 100/, 1043 1043% 87 87 8% 73% T3% T3% 65% 64 65% 1005 100% 100% 99% 99% 51 60% 51 105% 105% 105% 83% 83 83 s 3! 107% 107% 107% Am Smelt & R 68°47.. 105 104% 104% AmT& T 4%s’S 107 AmT&Teltr Am T & T deb 55’60, AmT&T deb 665, AmT&TE%s '43.... 111% 111% 111% Am Wat Wks 68°44... 93 9215 92% Am Writ Pap 6s°47... 22% 22% 22% Anglo-Ch Nitr 7845, 9% 9% 9% Arm & Co 4%s'3 102% 102% 102% Arm of Del 5% 103% 103% 103% Armstrg Cork b 1037 108% 1037% AT&SFegn 4s°'95.. 107% 107 107% d 4s'95st. 102% 101% 102 5. 101% 101% 101% ’65 1004 100% 100% AT&SFCA4%s'63, 108% 108% 108% At&Ch AL 4155’44, 1041 1043 1043 Atl Coast L 1st 4562 100% 100% 100% Atl Coast L clt 4s'52. 79% T9% 179% At1 & Ch A L 55°44... 1061 1064 1064 AtICLun 4%s’'64 89 89 89 At1G & W I56s°59. Atl Refin deb 5537 Baldwin Loco 68 '40. Bal & Ohlo 1st Alleg Corp 58 44 Alleg Corp 5349 Allis Chalm 6s'87. Am Chain 6s '38 Am & For Pw b 110% 110% 110% A T&SFRMt “atva 444 4 44 107% 107% 107% 1017% 101% 101% 101% 100% 100% 53% 52% 52% 106 108% 106% 69% 69% Bal & Ohio §s'96 F 69% GQ‘A Bal&Oref6s’'95C... 80 80 Bal&Oref 552000 D. 69 69 Bal& O Swnbs'50... 96% 96% B&O PLE&WYV 45°41 99 9874 Bang&Aroos cv 4s'51, 1001 100% Bell T of Pa 5548 B.. 113% 112% Beneficial Lés "46. 10745 107% Beth Stl pm 5s '36... 103% 103% Bos & Me 4%s '61 J.. gGh Teee 72 . TI% Bot Con M 635 '34... 12 Bot Con M 613834 ct. 12'4 Bklyn Edis 65’49 A.. 110 Bklyn Edis 5s'52 E.. 110% Bklyn M T 6568 A... 104% Bklyn Union El 6s'50 100% Bklyn Un Gas 5s'50.. 103% Buff GE4%s'81 B BR&Pcon4%s 57, BCR&Nclbs'34. Bush Term cn 6s'55. 100% 112% 1074 103% 6614 7 T1% 124 121 110 1104 10415 100% 10315 109% 6475 21 40 108% 102% 114% 115 113% 1051 117% 1174 118 119% 119% 107% 107% 86 86 Cal G & Eref 58 °37.. 108% Calif Pet db 6%s ‘38, 102% Can Nat Rys 4%s'51, 114% Can Nat Rys 4%s '56. 115% Can Nat Rys 434s°'67. 113% Can Nat Rys 4345 '68. 1054 Can Nat Rys 4% 855, 117% Can Nat 5s'69 July . 118 Can Nat Rys 55°70... 119% Can Nor deb 7s"40... 107% Can Pac deb 4s perp.. 86 Can Pac 4%s°46..... 100 99% 100 Can Pac 41,8'60..... 96% 96% Can Pac §s ‘44 ctfs... 110 109% Can Pac 5 4 . 1023; 102% Centof Gas'59C... 10% 9% Cent of Ga con 58 '45. 21 20 Centof Garf5l%s’'59 10% 10 Cent N J gen 5s '87 106% Cent Pac 1st 1t 98 Cent Pac 5s'60 % 6815 104% 114% 108% 108% 49% 1061 111 101'6 C&Ogen 4%8°92, C&O4%s’93 A, C&O4%s’95 B. Chi & Alt ref 3549 Chi B &Q gen 4s '58.. ChiB & Qref5s'71.. 111 CB&Q I11 div3}%s’49 101% C B&Q Il div 4s 49 i Chi & E 111 55 51 Chi & E 11l con 6s Chi G L &C5s'37. Chi Grt West 4s'59. Chi Grt W 4569 stp.. Chi Ind & Lou 4s '47.. Chi Ind & L ref 55'47, Chi In & L gen 5s *66. Chi Ind & So 45'56... CM&StP 45 '89. CM&StP gn 4%5'89 C. 59% CM&StP 4%. '89 27 22% 21% ss gn3% Ohl & NW 4%s 2037.. C&NW 4%#52037C.. 24% Chi & NW 4%s°49. 18% ‘68 A... 104% 104 104% Cin Un Term 58 '57 C. 1133 113% 118% Cin Un Term bs 2020. 112% 112% 112% CCC&StL rf 4%s'77H. _7’; Zg% ;: 90 95% 101% 102% 101‘4 Com Inv Tr 5%8°49.. 111’6 111% 1117% Con Coal Md rf 6s'60.. 32 31 31 Con Coal Md 5s'60cfs. 31% 30 30 ConGas N Y 4%s '51. 99 98% 98% Con Gas N ¥ 65 '57... 101% 100% 100% Con G NY 5%s'45 reg 104% 104 104% Container 6s '48 99% 99'% 99% Crown Will P 68 . 102 102 102 Crown Zell 6s°40 98% 98% 98% '43 85% 356% 35% 1% 1% 1% Del & Hud T 48 Il... 94% 941 94y ‘3 103 103 103 7108 103 108 102% 102% 102% 102 102 102 85% 34% 35 86% 36% 36% 1% 1% 1% D&RGWS6Gs'56asst 11 11 11 Den&RGrf6s'78.... 21 20% 21 Det Edison 434s'61 D. 107% 107 107% Det Edison rf 58°'49.. 107% 107% 1074 Ddge Brcv db 6s°40.. 107 106% 106% Dul & Ir Rg 5s8'37.... 107% 107% 107% Duqu Lt 43%s'57 B... 1113 111% 111% Duqu Lt 1st 4%: 108% 108% 108% ElginJ &Ebs’41.... 105 105 105 EIP &S Wref 55’65, Eriecv4s’s3 A % 70 % 113% 113% 113% 9% 9 2 104% 103 88% 9% 24% 92 57.. Fla £C Ry 5s'74.... Fla E C Ry bs '74 ctfs — Galvest H&H 51;5'38. 15840, 9 9 8% 9 2 72 Ga Caro & Nor 6s '34. Goodrich 6s "45. Good;'lu'.l";‘-.' r Gr TP’k of Can 68°36. 100’/. 106% 106% Gr Tr'k of Can 7s°40. 106% 106% 106% GtNRref4%s'61 A, 99% 99% 99% GtNRgen4%s'7TBE. T4% T4% Ti% GtNRgen5s'73C.., 824 82% 82% A & 2227 Gulf M & N 5%s '50 Gulf Sta Stl5%s"42.. Har Ry-P C 1st 4s ‘54 94% Hack Wat 1st 4s msu 105% 105% 9% 94% 9% 118% 118% 118% 43% 43 434 1024% 102% lgzu 85 86 3 86 36 11 Cent ref 4s "56. Ill Cent 4%s 85 B4Y% B84% 59 58% 59 I11 Cent ref 6s '55. 93% 93% 93% Il Cent 638 '3 ICCStLNO4%s'63 71% T1% 7% ICCStLNOBGs'63 M% T6% 76% T11 Steel deb 4 40. 107% 106; 106% Inland Stl 4% A. 104 103% 103% Inland 8t 4%s'81 B,, 103% 103% 103% IntRT1strfbs 81% 2.. . Int R T 7s 32 otfa. Interlake 5s'51. Int Cement 654 Int Gt Nor 6s 5. Int GtNor adj 68'52A... Int Hydro El 6 u. - As% Int Pap ref 6 '55 IntT&T 4%s 5! Int T& Tov4élys'ss. IntT&T6s'65. 63% 35 76'% 106% 100 451 1017% 104 63% 35% T6% 106% 100 45% 1017% 104 4% 94% Y 11 102% 102% KanCFS&M 45 '36. 35% Kan C Sou 1st 3s '60.. 76% Kan C Ter 1st 4s '60.. 1061 Kan Gas&E] 4%s 80, 100 Kelly Spr Tire 6s°42. 46% Kendall 6%s 48 ww. 101% Ky Cent Ry 4s'87.... 104 Kings Co Elev 4549, 94% Kings Co Light lslrthS'SL. 111 ‘36 102% 96% 96% 62% 62% 62% 62% 97% 97T% 9. Laclede G 5%s'53 C.. Laclede G 5%48'60 D.. Lake S&M So3%48°97 97% Lautaro Nitr 68 '54... 9% Leh C&N 4%8'54 C... 102 Leh Val Coal 68 '64. L V&N Y 4%s'40 gtd.. L V Pa con 4s 2003. .. LV Pacon ¢%s 2003, Ligg 118 Loew's 63 °41. Long sl ref 4s ‘49 Lorrillard 7s '44 La & Ark 68 '69. Loulsv G&E 58 '52 A. 107T% Lou & N unif 48°40.. 104% Lou & N 4%82003 C., 98% Lou & N 5s 2003 B.... 105% Lou & N rf 5%s 2003, 105% Lou& NStL3s'80.. 73 L&N Atl K&C 4s'55. 104 L&N So Mon jt 45’52, 79% M’Cro’'yS53;s'41 filed. 81 McKess & R 5%s8°50. 93 ManRR StL 1st 4s'59 5715 Marion St Sh 6s'47.. 51% Market St Ry 75’40 A. T Met Ed 1st rf 4%5‘6! 95 Mich Cent 3% s '52 Midvale St1&O 6s ‘36. Mil El R &SL 5s '61. .. Mil Spa & NW 48 "47, Minn&SLrf4s'49., 24 M.StP&SSMcn 4s'38 30% M StP&SSM 5s'38gtd. 38 M.StP&SSM 5155°49. 173 M.StP&SSM 5%s'78. Tl Mo I11 58°59..., 19 MoK & T 1st 45°90... 87 Mo K &T 5562 A. Mo K & T adj 6567, Mo Pac 48'75. Mo Pac 5865 A... 3 102% 8% 44% 91, 2% 2914 Mo Pac 55’811 Mo Pac 53849 A. Mob & Oh 414877 Mob & Oh 5s°38.... Mont Cent 6s'37 Mont Pow ref 5s'43 Mont Pow 55’62 A Mor & Esx 3%s 20/ Mor & Esx 4%s '55. Mor & Esx 5s'55 Murray Body 6% Nash C & St L 4578, Nassau El 4s ‘51 gtd... Nat Dairy 5% s 48 NatR M 4%s 26 asst. 6% NatR,M 4128’57 asst, 4 Natlonal Steel 5s'56. 106% Newark C Gas 55 °48. . 113 Newb'ry (JJ) 54840 10314 NET&T 1st 65 '52.. 115% NewJP&L 4%8'60. 934 New Or GNR & New Or PS58'52 A New Or P S 55 '55 B., New Or T&M 43%s'56.. New Or T&M 65’54 B. New Or T&M 55’56 C. 22 New Or T&M 5%s'54. 9314 58% 1025 108\4. 1oeu 13 13 103% 103% 115% 115% 93% 56% 5214 N Y Cref 434s2013., NYCref4%s2013n. N YCref6s2013.... N Y Cent deb 68 '35, NY Cent ev 68 '44 NYCLSh?2%s'98.. NYC Mich 33 s'98reg. 8544 N Y C&St L 1st 45 '37. 100 NYC&StL4%s'78. 61% NYCRStL6%s'T4 A, TI% TI1% 641 64% 51... 62 61% 6: Y Edison §s 44 B.. 108% 108% 108% Y Edison 65’51 C.. 109% 109 109 Y Edisref 6%s°¢1, 113% 113% 113% Y G El H&P 48'49., 107% 107% 107 Y L&W 1st 48°73... 99% 99% 86% 85% 2 . NH&H cv 63’48 . O&W gen 45 '55. L O&W ref 45°92.. 59% "& Rich G 65°51.. 108% 108‘/. Steam 1st 5861, 104% 104% 104% Steam 5s°66..... 102 102 102 S&W 2d 4%48°37. 4TW 47 47 Tel gen 435539, 109% 109 109% NYW&B4%s'46.. 28% 28% 28% Niag L & O Pw bs '56. 104% 104% 104% Niagara Sh 5%s°'60.. 62% 61% 61% Norf So 1stref 5s'61. 16% 16% 16% Norf S1st ref5s’61cts 16% 161 16% Norf & W div 4 108% 1081 108% Norf & W 1st 48 110% 110% 110% No Am Co 5s - 83% 8 83 Nor Am E4 5 C.. 73% 78 13 NoAm Edb5%s'63... 82% 81% 81% Nor O T &L 68°47... 1041 104 104% Nor Pac gen 33 2047,. 72% 72 172 NorPac 48'97....... 103 103 103 Nor Pac 5s 204 93% 93% 93% Nor Pac 6s 2047 99% 99% 99% Nor Sts P 1st &s 103% 103% 103% Nor Sts P 6s'41 B.... 106 105% 105% 222272227 2222 1 v 1 1 1 1 e 1074% 107% 107% 109% 109% 109% 18% 13 13% 101% 101% 101% 64% 64% 64% Ohio Pub Ser 7s '47.. Ohio Pub Ser 73%s'46 Old Ben ¢ 15t 68 ’44. . Ore-W RR& N 4861 Otis Steel 65 °41...... 106% 105% 106% 107% 107% 107% PacT& Treth 111% 111% 111% Par B'way 6%s ‘51 ct - 444 Par F La 68°47 6215 624 62 62% 62 62% 63 83 99% 100 99% 100 110% 1303 114% 106 105% 106 94 93% 94 105% 105% 105% 106 105% 1057 111% 111% 111% 105%,105% 105% T 8% 8% 98% 984 98% 99% 99 99 110 110 110 "5 32“ T Pere 1st 48°66.. e T6% T6% T6% Penn RR gn 4%’ Penn R R db 4%s'70, Penn RR 4%s'63. Penn R R 6s '64. Penn R R gen 6363, Penn R R'61%8'36. 43% “%m D, O, FRIDAY, DECEMBER 21, 1934, Received by Private Wln Direct .. High, Low, 2:55. 104% 1043 104% Phillips et 53%s'39.. 102 PCCC&StL 4%s°77C. 105 PCCC&StL5s'70 A.. 111 111 PCC&St L 68’75 Brg. 111% 111 Port Gen EI 43 5 111 111 1... 105% 105% IOSK Pub S El & G 4348 '61. 107% 107% 107% P\lblm‘&flt?l '70. 107% 107% 107% Purity Bak 55 "48 Reading 4%s°'97 A... 107 106% 106% Reading 418'97 B... 106% 106% 1067 Rem-Rd 6%s'47TAww. 99% 99 99% Rep 1 & St15%s'53 A. 99% 99 Revere Cop & B 65 '48 106% 105% 1osv. Richfield Ol 65°44... 30% 30% 30% Richfield O 6s '44 ctfs 20% 29% 29% RioG Wncol 4s'49 A, 45 44% 45 Roch G &E 6s°62 E. .. 107% 107 107 RIA&L1sté%s'34. 12 11% 11% StJo& GR14s°47...104 StJ Ry L H&P 5s '37. % StLIM&SRS4s'33 cfs. StL-SF4s'50 A. St L-S F 48 °50 A ef StL-SF 4%s'78. Seabd A'L 45’50 std.. 16% Seabd A Lref4s's9.. 7 SeabdAL refds'soctfs 5% Seabd AL 6s'45A.. . Seabd A L 6845 Acfs. Sea A-Fla 6s'35 Acfs. Sharon S H5%s 48 Shell Pipe L 68 °52. Shell Un Oil b8 "47. So Pac 434863, So Pac 4%5 6! SoPac 4%s'81. So Pac Or SoPac SF Ter 4s So Ry St D div Stand Oi1 N J 68 102% 102% 102% Stand Oil N Y 4%s ‘51 103} 103% 103% Studebaker 6s°42.... 41% 41% 414 Studebaker 6s’42ctfs. 40% 40 404 56 56 90 90 90 90 1024 102% 93 Tenn Cent 65 "47. Tenn C & C 65 "44 Tenn El Pwr 6 Term Assn St L 4s " Texarkana 6%s ‘6 Tex Corp cv 544 Texas & N O 58 '4; Tex & Pac5s'79 C. Tex & Pac 5 Third Av ref 4 . Tob Pr N J 63s 2022. Tol & Ohio gen 5s°35. Tol & Oh W div 58°35 Trumbull Stl 6s '¢0 8T% 8T 87 8Th 54% 551 4101 101% 1003 100% 100% 1014 9% 99% 105% 103% 1164 100 108% 1044 891 891 63% UnEL&PG5%s'54.. UnOCalbs 45 rcww UnOCal6s 4z A.. Un Pac 4s'68.., Un Pac 1st 43 '47.. Un Pac 1st rf 45 2008. United Drug 53 '53. U S Rubber 58 "47 105% 103% 116'% 100% 108 10415 891 89%, Util P& L 58" Util P& L 5%s 4T, V Cr&P 1st 41;8'34as. VaEl&P VaRy 4% Va Ry 1st 58 Va§ W con 58'58.... Wabash 43578 Wabash 1st 58°39 Wabash 2d 5s ‘39, Wabash 5s'76 B. Warn Bros cv 6: W Pa P 1st §s ¥ WPaPlst5s'63E.. W Pa P1st §3'56 G.. West El deb 5s°44... West Md 1st 45 '52... West Md 5%s ‘77 W N~ &Pgen4s'43. West Pac5s 46 A.... West Pac 5546 Aasst. West Un 4% '50. West Un 58 '51. West Un 6s '60. Wilson&Co 1st 6s ’u 108% ‘Win Sal S B 1st 45'60. 1027 102% Youngtn S&T 5s'78A. Youngtn S&T 5s'70B. U. S. SMELTING ORDERS $3 COMMON DIVIDEND By the Associated Press. NEW YORK, December 21—Di- rectors of the United States Smelting & Mining Co. have declared a dividend of $3 on the common stock, payable January 15 to stock of record Decem- ber 31. This compares with $2 paid on July 14 and October 15. The company estimates net earnings for the year ended December 31 after all reserves and preferred stock divi- dends at $4,402,000, equivalent to $8.32 a share on the common stock. For 1933 the company earned $3,532,057, 90% 91 90% 90% by Ik $6.68 a common share. CHICAGO LIVE STOCK. December 21 (7 (United about steady with Thursday's average; bel(!r grade weights above 240 pounds, top. 6.40; 170-740 pounds. 140170 pounds. 4 5085 3436508 0: ene fisner 40-160 pounds, ight. 160-200 dium weight, 200 heavy weigh, 25 Food medium and good. o 0od and choice, mn-lao Cpounds. 300 2,000 commercial: 300 ;lvu 1,000 commercial; fod steers and vesriings firm: supply confined almost en- thely *to lower grades. seliing downward; 0ll finished lig] Govern- 100 Gov- cht ‘and .25; mecud vn)en 5.54 Siasehics cace and v tood lnd cholce. 560 -000 Do in, 9. 0 unds. oy ne fando lndsc'fi‘:m r:‘,n common and a...-'%“"‘w.m. rully na mbs firm; m hnbl hel .8 oo“unwud. down, To0d. and ‘cholce. and ~medium. ago- choice. I pounds. sood and 0036.00. NEW YORK PRODUCE. NEW YORK. December 21 (#.—] 14080; firm. " Mixed colors. special Teceipts, 3 1) or nlntlom from e #’.‘&3 2! 27227’ erators. 'Sts. a"m"’." mixed colors un € Creamery. g I’f.?#* Tp 87 scoren), 30 -ém. eenu- lm&m steady. Prices un- 85l 85% fi’" d broken car on track. Supplies mo“{e‘"' EGG PRICES MIXED OND. C. MARKET Government Grades Gain 1 to 2 Cents—Nearby Receipts Steady. Egg quotations were firm and 1 to 2 cents higher on Government-graded offerings here to day. Nearby un- graded receipts were quiet and un- changed. ‘The summary with egg, live poultry, fruit and vegetable prices furnished by the Department of Agriculture fol- lows: =, g;rrm-lom- und Elnu (92 score), !\Ib 1-pound prints (88 score). GAME—Rabbits, per dozen. 1.30a2.40. LIVE !m—n%ul lent. 4.78a5.2 heav. 5086 3.4 00-4 60. euvn. l‘ukfl flrmnfid to 2 cents higher on U. nt graded esi Nearby ungraded "egss auiet snd u and dated egi! 85; U. 8. extras, edlunu extras, small. U. 34. Governmen s—U. 8. a) E POUL’ Frixdt” just _about steady at unchanged prices. Receipts are light as dealers have bought most of their requirements, . Fowl—Colored. large. 4a15: mediums. 13al4; Leghorns 9al0. roosters g Hens, 10 pounds and over 15a16; old toms, 17; old h Fruits and Vegetables. Sales In large lots by original recelvers up AFP) LB—One thlnlton arrived; one car diverted: one broken and two un- bmken cars on lnck. Bulh!ll Bupplies -. inch 3% l d(lll 78; Del.lelnlu inch minimum. 1.15 . 8. No -Inch ‘minimu 27z-inch ~minimum. No, '1 1.25; “‘zAlnch mlnlmum inch’ minimum, 1.65a1.74 Tatoiamn. 100 im. 1.35a1.40 l3-inch ~ minimum, Washington. medium ‘to . extra fancy. 2.00a extra fancy. 1.75: ncy. 1.75: Romes. fancy, medium to large sizes, ingtion extra_fancy and 0a2.00: C grade. 1.75; Delicious. York. one Carolina arrive ken snd Bine un- broken cars on tnck Buovlln moderne demand moderate: market steady. So Carolins, 135-bustiel hampers pointed e, truck receipts. 1.15 Trelght receipts. 1.35a1.50: vlmm 2-bus hel hampers domestic ' flat ty) Ri\lffi Ne- York, 80-pound sacks. Danish type. v T California. arrived: three broken and 11 unbroken cars on track. Supplies moderate: dem: 3 ket steady Californis dozen. 2.6 Feccipts. 10 men Crates, Washed 4-8 dose fair condition. 1.7 One_California_arrived: llx broken and 13 unbroken cars on tre Supplies lg’od South =) . 3 S0as 007 1o lxlunu elnren receipts. hot- Boston type, crates, 18 P "fr‘ o Prices Steady. one un Supplies moderate: lrltt steady. = New -pound_ sacks Yellows. 0. 1. 1 Idaho, 50-pound sacks. Yajlencias. ©. 87No. 1. 3 inches and larger, PEAS—No carlot arrivals; one unbroken car on track. Supplies light: demand light: market steady. !omll‘ bushel hampers Telephones, 4'.‘ 245 POTAT two, Matne. one Penneyivanie arived: 12 unbroken n:ndsnte three broken. and cars “on track. Supplies demand _moderate: market New York and wnmvn-m- 100- Round White: 100-pound, Sacks ‘Cobsters: Sal5t 1daho. 100-pound hank: No. 2.10. &lnb‘ie* light: dzmlnd slow: dunl Florida, “bushel hampers BH« Trluv‘nhx U S No_ 1. POTATOES— No carlot arivals: one hroken and one unbroken cars on track. ~Supplies moderate: demand light: market steady. North Carolin: bhushel b f . Puerto Rlennl fair condition. 1.00: Maryland. Anne Arundel Countv bushel hampers. Jerses 8. ;rrnmm« Dushel’ hlmnm Nlncy 2581 A’ carlot arrivals: no demand B e e ey i Sares B | cundluon 6x6, 2.50a3.00; few h! 2°00. SPX'NACH—OII! Cl]lfornll. arrived: : supplies me s derate; market steady. Virzinia, bushel Daskecs. 10081 55, TXED VEGETAI No carlot rlv;l; one broken and one unbmken CArs LIMA !ANS—!upnllei light: demand he) lieht: “market stead: hampers: Florida. fair condition. 300 cuba: 4.00 onm BEANS—No carlot nrrlnu. one unbroken car on track. Supplies lieht: market steady. rida, mpers green. flat i ordinlry condition. d @less. ordin: KRA—Suppiles lig] : mazkes dull - Cub. EGGPLANT — Supplie: dlow: ‘market weak. Harlfll. 1 baeel TUSTABE - Suspiies ehi: demand sl lwv s light: demand slow: market weak “Forlds, bushel’ T ‘Wwhite, wrapved. bm 3.00; poo! CUMBERS—S: mand slow. baskets, ¢ market dull. upplies m“"r'xu demand green, fancy, 2. two Texas | Nat FINANCIAL SHARP UPTURN SEEN IN RESERVE BALANCES lumlmblnk luern change was measured by the Federal Reserve Board. In the table that fol- lows the tutal of such balances is given for comparable periods, as re- ported by the board: m):dnau 4 December 12..$4.112.000.000 4,073, 000:000 'nk last year 2.638.000,000 vt—p———— SLOWER PACE SET AT COTTON MILLS November Rate of 94 Per Cent Compares With 97.1 During October. By the Associated Press. The cotton spinning industry was reported today by the Census Bureau to have operated during November at 94.0 per cent of capacity, on a single- shift basis, compared with 97.1 per cent during October this year and 96.3 per cent during November last year. Spinning spindles in place Novem- ber 30 totaled 30,800,436, of which 25,050,778 were active at some time during the month, compared with 30,- 882570 and 25,095,480 for October this year, and 30,881,964 and 25,423, 348 for November last year. Active spindle hours for November totaled 6,703,255,432 or an average of 217 hours per spindle in place, com- pared with 7,184,521,524 and 233 for October this year, and 6,796,420,109 and 220 for November last year, Spinning spindles in place November 30 in cotton-growing States totaled 19,380, 904, of which 17. 66° some time durtn the m: with 19.361.468 and 17.403,244 for October this year and 19,160,650 and 17, 418,032 for November last year. Active spindle hours for r 502,360 and 262 for “ctive spindle hours and the averase per spindle in pla ates. by States. foilo spindle holr: in place; Geo; basission, North Carolina, 1.46: ember last DIVIDENDS ANNOUNCED NE! RK. December 21.—Divi declared (nreumi By the Standard: Stas tistics Corp.): Extra, te, Fiod Am_Creait lndemmt f First Nat BK (Bal 2 595 Hibbard Spen Bmleu 15u = Co Canada...27'3¢ Special. Continental Insur 15¢ Fidelity Phenix Fire. 15c .. Increased. U 8 8m Ref & Min...3.00 .. Initial Am & Continental ...50c .. Accumulated. Am Cast Ir Pipe 6% pf $3 . x]ecm)(nnluc Corp pf 37 Lyons Magn cum pt A — Apex Elec Mfg pr pt Reduced, &lbfllrd Citizens Nat Bank (Norfolk) ..$2.25 Regular. Am & Continental A Am v uhl 011 of Bllunare Hats Lid. Boston Personal Britieh Amu’ Tovacis ord r¢ -3 ADR for ord reg AD R for ord brer. Brooklyn Trust 2 Carreras Ltd A DR for cl A ord reg. . . Do for ¢l B ord reg .086 Collyer Insulat Wire 25¢ Commercial Nat Bank & Trust (NY, 2 Cnnsal Chemicll lnd Cammenm Insur Egry Register A .. 50c Eidel-Phenix Fire Ths 60c Flour Mills of Am pf & Fulton Trust (NE). o 83 Gt Lakes Trans 1% pf_$1 Householu Fincl A y.)c DoclB 3 mm‘t ‘::me ur e )(lcllndr & Porn i’ Manischewitz LB ) pf Cash Nat Sow & Lo 85 Pt Northwestern Bell Penns Sac3 Pusi Rich Pred & Pot voting Do 6% non-voting Do div obligs . Seagrave Corp pf Southern Weav pf Stanley ‘Works . Do 6% pf 3 Weinberser Drug Strs 236 West Nat Bk (Balt) .80 Western United Gag & E| Do 6% 150 Eastern G-s & Fuel o 415 Pl $1 !lnem Gu & Pied ko .$1.50 .15c 1.00 sx OO0 D OO MOOD. WPWWE. O O. POOLOOLOO DDV’DDB ©wp © CHICAGO PRODUCE. CHICAGO. December 21 (). —Poultr 3 live. "1 _car. 40 trucks; tnrkeys easy. ance “firm. H 4t ynder 4:2 WBERRul—No supplies on the i Supplies de H Ko gul Viretnins de- KALE — Supplies slow; market dull. kets, 30835, moderaf demand ULIFLOWER — Two California ar- rived; one car diverted; two broken and six unbroken cars on track. Supplies moderate: d_1 California. crat 'BROCCOLI— deman market steady. 15 No 'carlot ' rrivals; _one e mast) ind alifornia. mostly - very Tew sales, 1.2 .5'-1 e S0 Vinsinia, e l“nrnh arrived: one market steady. Siiornia. w-{un‘f"{’o’&fg w?c:" mostly " o 50: ana. bushel - baskets, topped. 5 PEETS eataL, i grates 1058105, Pennsylvania, bushel 50 | kets. 65a75. Pennsylvania, bushel bas- kets. white and !ll ov‘. B.OI 60. " RAD crates, 2.25a2.50. m c-.l lornia crrlm. one our broken, un- n'ldo and nu‘. few .50; Teceipts, ucks :m'l bushel ‘hampers. l 00a1.5 APEFRUIT-One Texas mnd two it c-r dlnrmd bi gors ou tenck l mun Herldl 1.25a1.50. A ab. P‘V‘ No. 2. I gaazs,‘“n'u.m“ TEu0” Fronehers, T4a10; Gl S roken car on track. L. C, L. Express Arrivals. mm;. 124 crates avocados, eggplal 11 vunu: bum- Bera38 eratesp Bampers. shap, beans, h’ m| ushrooms. _Pennsylvi S-w\.lt:d i-iskm mushrooms. - 126 BOND OFFERINGS GAIN. NEW YORK, December 21 (#).— New bond offerings this week amount- ed to $75,604,000, against $20,452,000 last week and $1,000,000 a year ago. RAILROAD EARNINGS. ber et &‘m&’"’"" o Pironds re- i no‘ 75, 7582 um. VOCADOS—Florida, boxes, 75a1.00. LEMONS_—California. boxes. No. 1. d.soi 2.2 vireinte. Susnel Bas. | . Bu Virginia, bushel | , Dr iter. 7.888: rsts. 1 current_receipt 20%; standards, 3: Tefrigerator "0’« extras ot ‘demand and tradink Wisconsin round whites. 8. 80: Michigan russets for Idaho russets. U. ¥ ootommerclll ‘Trade, 1.20; 0.8, NEW YORK BAR SILVER. NEW YORK, Deceml 21 (P).— Bar silver weak; % lc:::l.lt 53%. woes BUYING EACEEDS =2 ML PREDICTIONS Sales Placed Conservatively at 20 to 30 Per Cent Above Year Ago. By the Associated Press. NEW YORK, December 21.—With holiday buying exceeding all previous expectations, retail trade rose to new peaks during the last week, said the weekly Dun & Bradstreet review to- day. “Th some of the large centers,” as- serted the summary, “where early es- timates had been tinged with no small degree of doubtfulness as to the ex- tent of the demand, the preliminary estimates of sales for the entire Christmas season were more than sur- passed before the final week had be:n reached. “With the surge of last-minute buy- ing yet to be recorded, retail sales for December are placed conservatively at 20 to 30 per cent in excess of those a year ago. “To most retailers the Christmas season has brought the largest sales since 1930, with many reporting the 1929 figures exceeded. “Comforted by. the assurance that 1934 will close with trade positions from both the volume and profit standpoint the strongest achieved in five years, plans for a broader expan- sion in 1935 are now being fo:mu- lated. “In industrial operations the con- traseasonal uptrend is becoming more forceful, with gains for the week par- ticularly emphatic in those divisions identified with the production of steel. building materials, plumbing supplies, automobiles, farm equipment, textiles and shoes. PRODUCE EXCHANGE NEW_YORK, " uce RXchanse stook Hase 21 UM—Prod (Noon Quotations.) Sales in in | Hundreds. = 3 Brew & Dist vte 2 Davison Chem > 3Eliz Brew . § Horn Silver 4 Willys Over x—Listed. TOBACCO FUTURES. OR| 2 - Pl apenz De:embfl 1 (#).—Tobacco Previous January March MONTREAL SILVER. MONTREAL, December 21 um.—Silve: futures opened Dec 55 March, 53.500; B2, 5450, Sy, 34560 ON SAVINGS MONTGOMERY BUILDING AND LOAN ASSOCIATION, INC. 913 15th St. N.W. NA. 6089 Under U. S. Government Supervision First Mortgage Money Funds Available for CONSTRUCTION LOAN: or LOANS ON IMPROVED PROPERTY Reasonable rates. Prompt action. B. E. SAUL CO. 925 15th St. Natl. 2100 First Trust Loans For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIKED Terms Arranced om Easy Monthly Payments Organized 1879—55th Year Completed Equitable Co-Operative Building Assn. JOHN JOY EDSON President WALTER S. PRATT, Ir, Subscriftion for the 108th Issue of Stock Being Received 1950 PER SHARE ST. N.W.