Evening Star Newspaper, December 23, 1934, Page 59

FINANCIAL. BONDS REGITE SONE RECOVERE Few Utilities and Secondary Rails Still Under Sell- ing Pressure. BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, December 22.—Scat- tered recoveries appeared in today's brief session of the bond market, but the list, as a whole, moved in an/| irregular range. ‘There was little change in the va- rious influances which recently have been affecting the investment situa- tion. Some of the utilities were still under pressure, as were a number of secondary rails. At the same time @ few of the power and light com- pany issues met mild support as did several carrier lines. Transfers totaled $5,839,000, par value, about the same as last Satur- day. The Standard Statistics Co. average for 60 domestic corporate loans was off one-tenth of a point at 854. On the week this composite showed a decline of six-tenths of a point. Gainers of a point or so included Alleghany Corp. 5s at 663;, Cleve- land Union Terminal 555 at 10214, Columbia Gas 5s at 82!, Consoli- dated Coal 5s at 311, Sharon Steel Hoop 5lbs at 78, Studebaker 6s at 43, Warren Bros. 6s at 33, and Youngs- town Sheet & Tube 5s at 9134, Among the outstanding losers were Iron Mountain 4s, off 214 at 62Y; Philadelphia Co. 5s, off 1% at 801 Manhattan Railway 4s, off 1 at 55; “Soo” Line refunding 6s, off 2 at 19; Interboro Rapid Transit 6s, off 3% at 62!4; Denver & Rio Grande 5s, off 1 at 20, and Bethlehem Steel 5s, off 35 at 1063;. The American Telephone group eased and that of Consolidated Gas steadied. United States Government securi- ties were rather inactive with minor Josses and gains about equally divided. In the foreign division German Agricultural Bank 6s of 1938 rallied 6 points to 51 and other Reich loans were firm. Improvement was also shown by issues of Argentina, Brazil end Colombia. FARMERS MAY HAVE NEW BUYING POWER ‘Winter Wheat and Cotton Export Situations Augur Well for 1935. By the Associated Press. NEW YORK, December 22.— The possibility of further improvement in farmer purchasing power is entering the 1935 calculations of business ‘prophets. On the basis of acreage and condi- tion of the crop December 1, the De- partment of Agriculture figures the ‘Winter wheat crop should be about 70,000,000 bushels larger. This was not enough to disturb the market in view of the inroads made into the country’s supply this year, and yet it enhanced farmers’ pros- pects. Cotton exports picked up markedly the last week. A larger cotton crop also is counted on for 1935, although the time for planting it is still months away. INVESTMENT TRUSTS NEW YORK. December (P —New York Security Dealers’ Associatiol Admin Fund ww.... Amerex _Hold Fdrs o A%oc Stand Bl Bancamer Blair , ‘Basic Industry Central Nat Corp * Century Tr Shrs . Corporate Trust Accum’ Ser €orp Tr Accum Ser mod Fund Tr Shrs A Fund Tr Shrs B. Huron Holding SRB3 Trusteed lndustry shrs’ Trustee Stand Inv C 4% SR 105 3 U S El U 8 El vameuam-m Chemical Prices Register Small Advance in Week Special Dispatch to The Star. - NEW YORK, December 22.—Prices were advanced on a number of arti- cles in the markets for heavy and fine chemicals last week, the Oil, "Paint and Drug Reporter will say in its December 24 issue. The changes af- fected various groups, but none was substantial. Seasonal dullness ruled in the buying, but contracting for early 1935 business was of satisfac- tory volume. Shipments were con- fined strictly to immediate needs. Higher contract prices were named on red oxide of copper and nickel salt. No change was made in the price of nickel chloride. Contract prices on creosote oil were still awaited. Cur- rent quotations were advanced on red lead and litharge in car lots, on acetylsalicylic acid, menthol and domestic casein. The Chicago list on dried blood and tankage was higher. The Reporter's composite index numbver of prices for heavy and fine chemicals advanced from 125.4 to the early December mark of 125.5 (com- pared with August 1, 1914, as 100). In comparison with average prices in 1926 (as 100), the Reporter’s index number Is now 88.8, against 90.0 at this time last year. o FLORISTS ARE BUSY SUPPLYING DEMAND | Increased Buying of Fresh Flow- ers Reported With Brisk Trade in Christmas Greens. Special Dispatch to The Star. NEW YORK, December 22.—Never since the start of the depression have orchids and gardenias competed so vigorously with the popular holiday poinsettias, white and red; the arau- caria tree, ardesias and white camel- lias. Demand for Christmas greens of quality likewise is the best since 1929, with fancy holly, selected pine, high-grade laurel roping and mistle- toe, abundant with large white berries, moving briskly at firm prices. Leading florists ascribed some of their rush business to the opening of the Metropolitan Opera season, but the smart stores and specialty shops stressed fashions and the trend toward entertainment as responsible for the better buying of fresh flowers. Christ- mas plants moved swiftly. This year 228 cars of Christmas trees arrived at principal metropolitan terminals. A year ago today only 167 cars were reported in these markets. Fancy goods are snapped up and the lower grades neglected. (Copyright. 1934} AR e INSURANCE STOCKS NEW YORK. December 22 (P York Security Dealers’ Associatio Bid. 51l 44 .—New Aetna Cas (215a) Aetna Fire (1.60)] Aetna Life (iba) Agricultural ( Am Reinsur Am_Surety 60y .2 Giobe " Rut Great Amer Halifax_(90¢) Hanover (1.60) re @ Home T &%ewi Lincoln P!re [§4 50]] Prov Wash (1.10), St Paul Pire (6) Springfleld (%2) Sun_Life Travelers (i6) U8 Fire (15009 Westchester (1.40a) ..., a—Including extras. g—Declared or d so far this year. CHICAGO LIVE STOCK. CHICAGO, December 22 (7).—Live stock markets were little more than nominal today. A few sales in the hog alleys were made at mominally steady price: with ‘some ‘hogs weighing _beiow pounds selling at 6.25 downward. The auotable top was around 6.40, while the average was at .00, L‘Omfill’!d with 5.55 last week and The hog run tulnl!d I{ll(\fl with only 1.000 coming in for e open market. Shippers took 500 and estimated hold- over was 1,000, there being an equal number of stale 'hogs on the market. A few Government cattle were brought fn, along with 300 commercial and 400 com- mercial calves A sharp curtailment of shipments fea- tured the live stock trade this week, but despite this prices were held fairly’ well in"check by buyers. Competition from the poultry trade was a bearish factor. log values. however. rose to the highest e in recent weeks, striking a top of 6. ‘Thursday. Fed steers and vearlings of the better grades finished the week mostly 50 cents higher. but medium weight and weighty offerings were scarce. the bulk of the cattle supply running to . lights. = Cows advanced 50 cents and vealers were firm. but the demand for stockers gnd feeders continued narrow. p for weighty steers Wn‘s" })&I 25, wmle yearlings sold as as hig} aughter lambs showed the sharpest advance of all 1ive stock, strictly good and choice kinds gaining 75 cents to $1 dur- ing the week. Plainer klnds and year- lings were around to 50 cents up and sheep gained 25 cents and mo Feeders “powever. were weak 0,25 Cents or more lower. paid for lambs Vas 800, the highest ‘since: midosuly Unofficial estimated receipts of live stock for Monday: Hogs, 25,000: cattle, 15,000 sheep. 14,000; hogs for all next week. 130,000 Market Averages By the Associated Press. STOCKS. 50 20 lndus Rlfls UHl Tfltl.l Yesterday ... 48.2 Previous day. F & 351 132 BONDS, 20 *New 1934 low. (1926 average equals 100.) (Copyright. 1934, Std. Statistics Co.) KILOWATT HOUR OUTPUT FOR DISTRICT POTOMAC ELECTRIC POWER CO. Month. 1931, 25,899,533 25,347,693 27,737,942 25,396,042 25,558,407 27,058,109 27,102,411 27,195,163 217,712,192 27,842,704 28.128,419 December 29,983,668 1933. 31,828,330 29,878,324 29,233,335 29,009,081 28,516,749 31,004,751 29,849,824 30,289,953 30,932,311 30,791,807 31,068,766 41,300,871 1934. 42,474,310 41,370,527 41,651,986 40,120,455 39,910,822 42,175,649 42,865,935 42,106,021 40,801,310 42,836,671 44,543,674 1932, 30,813,011 20,408,419 28,823,274 28,832,734 217,785,989 29,303,362 28,905,696 28333,558 29,118,173 29,068,105 29,747,642 31, 304, ,069 The Nnvember report of $44,543,674 kilowatt-hour sales just made by the Potomac Electric Power Co. to the Public Utilities Commission reve a gain of 13,474,908 kilowatt-hour sales over the like period last year, or ln increase of 43.37 per cent. As revealed in the above comparisons, this is one of the best monthly increases of the year. Reports for the first 11 months of 1934 mean that the full year will be margin, shead of 1933 by a very substantial marg! FOR WEEK ENDING SATURDAY, DECEMBER 22, 1934, U. 8. GOVERNMENT BONDS. High, 1017 10224 96 25 9228 Loln 2%s 10128 104 18 10216 10211 102 14 10319 10519 104 10 105 26 105 20 105 18 109 23 104 24 High. Low. Federal Farm Mtge 9427 Loan3s'49......., 9924 992 Federal Farm Mtgo 98 no\lnan 3%s'64.. 10128 10118 . 9625 962 lome Owners Loan Corp 4s°61......1013 10024 H 94 26 LIBERTY BONDS. 1004 Lib 3%s1932-47...103 30 108 20 -47. 103 20 103 16 % 103 26 103 22 10128 L 4%s33-38cld... 101 81 10128 TREASURY BONDS. 10015 100 16 101 15 10413 10218 104 10 1049 103 26 81944-46...102 28 s 40-43 Jun.104 20 s 41-43 Mar.104 21 1943-47....104 8 19-46-56 REFE = 101 97 & s-3%s 4 MISCELLANEOUS BONDS. —~1034 — High. 48% T4% 6915 46 100 5914 106% 7% 116% 107 Low. 181 ADbitibl P& P 6863, .0en 32% 44 Alleghany 5s'49. 19 Alleghany 6s 5 64 American Chain 6: 35 Am & For Pw 65 2030, 837 Am 1 G Chem 638’49, 67% Am Internat 63%s'49., 95% Am Roll Mill cv 65 '38.. 9915 Am Sm & Ref 55°47. ... 1073 102} Am Sugar Ref 6s 13 1 06% Am Tel & Tel 4%5°39. .. 110% 105% Am Tel & T cl tr 5s ‘46 111% 108% Am Tel & T db 65’60 111% 1 03% Am Tel & Tel 5s 65 113 105% Am Tel & Tel 6% 111 62 1% 911 94 95 102% 103% 107% 108 101 92 92 Am Wat Wks 5544, 18 AmWrit Pap 7 8% Antloquia 7s A '45.. 471 Argentine 5%s'62. 53 Argentine 63 A'57...cee 5315 Argentine 6s°69 June. .s 87% Armour & Co 4%s°39. ., 82 Armour of Del 5348’43 93 AT&SFegen4s’ss 95% AT & SFe 4%48°48 82 Atlantic C L 1st 4 108 103% Atlantic Ref di 97Y% 102% 102% 100% 101% 104 105 111% 106% 114% Australia 4 91%4 Austrian 78’43, . e 50 Austrian 7s'57.. 881 B& O 1st 48’48 49 B& O 4%s'60.. 9814 B & O 1st 5548 63 B&OrefbsA’Ss 627 B & O ref 65 D 2000 73% B&O06sC'95..... 85 B&OPLE&WYV 4 83% B& O8 W Div 6s'50 75 Bangor & Aroos 4s ‘61, 94 Belgium 6s°'55 95 Belgium 638’4 99 Belgium 7s°'55. 95% Belgium 78°56. 106 Bell Tel (Pa) 6s B 48... 117% 106 Bell Tel (Pa) 65 C'60... 27% Berlin City El 634s°51 25% Berlin City El1 6%s'69 22 Berlin mun ex 635’50 99 Beth Steel p m 6s 36, 997% Beth Steel rf 58 '42. 5% Bolivia 7s 69 6 Bolivia 8s ‘47 . 64% Boston & Maine bs '67. 20% Brazil 6% s 1926-57 20% Brazil 6%s 1927-57 20'% Brazil Cent Ry 7s°'52 22% Brazil 8s°41. 29 Bremen State 7s'35. , 105' Bllyn Edison 58 A '49. .- 93% Bklyn Man Tr 6s A '6! 98 Bklyn Un Gas 5s°50 31% Budapest 6s'62 30% Buenos Aires prv 6: (l. 8614 California Pack 55 °40. .. % 92 Canada 4s’60 1 106% 1164 1 031 Canada 5s 5! 98% Canada Natl 4%s'64. 00 Canada Natl 4348’6 118% 105 Canada Natl 55 1208 1 122% 1 109% 1 109 112% 1 107 10674 111% 25% 57 561 23% 607 61 531% 98 31% 32% 18% 1087 1 115% 1 93 1044 177 17% 177% 17% 87 17% 17% 047% Canada Natl 6s '69 Oct. . 08% Canada Nor db 6%s'46. 05 Canada Nor db 7s 40 61 Canadian Pacific deb 71% Canadian Pac 4%s'60.. 45% Cent 111 El & Gas 5s'61. 15 Cent Pacif 1st rf 4s°49.. 6374 Central Pacific 65°60. .. 5214 Certain-teed db 5%s 48, 96 Chesapeake Corp bs'47.. 98% Ches & Ohlo gn 4%s ‘92, 88% Ches & Ohio 4148 A 93 8814 Ches & Ohio 4348 B "9 05% Ches & Ohlo con 68 '39. 97 Chi B&Q Il div 4s'49. 9214 Chi Bur & Q gen 4s’58. 8814 Chi B& Q 435 B'77. ... 106% 96 ChiB & Qref 5871 7% Chi & Eastn Il 25 ChiGreat West 4 - 18 Chi MStP&P658'76.ee 5% Chi M St P & P ad) 6s 24 Chi& N W 43452037, 24 Chi& N W 4%sC2037.. 17% Chi & N W 4%s 49, 62 Chi&N W 6%s’36 14% Chi R 1 & Pref 4s 15 ChiRI&P 4%s'62 6 ChiRI&P1stdlss 00% Chi Un Sta 4%s'63 11% Chi Un Sta 63%s 72% Chi & W Ind cn 84% Cil & W Ind 6%8'62. ... 102‘. 7% Chile 6s'60. 5! 7 Chile 6s°61. 7 Chile 6sJan 7% Chile 6s Sept ‘61, 56 Chiie Copper db 68 "47 8t Chile Mtg Bk 914 Chile Mtg B % 1127% 104% Cin Ut Trm 68 2020 82 91% 100% 64 CCC&StL4%8I"7.. 74% CC C& StL5S D'63.4000 82 Cleve Trm 6S B'13. 0000 8414 Cleve Trm 5%s. 40 Colon Oil 65’38 84 Colo & Sou ref 4 69 Col G & E bs 62 Ma: 6614 Col G & E 5561 101 Comecl Invest 6% 103% 106 90% Cons Gas N Y 4%s'51.. 97% Cons Gas N Y 68°57.... 108'/. 1013 Cons Gs NY db 6%s"45. 6314 Copenhagen 6s '62.. 225 Cuba 5%s ‘46 19% Cuba North 5%s 42, 1% Cuban Cane Prod 68 '60. 80% Del & Hud ret 71 Denmark 4%s ‘62 83% Denmark 6%s "66. 86% Denmark 6s'43 32% Den & Rio Grande cn dl. 36 10 Den& RG West 68'66.. 12 98Y% Dodge cv deb 108 108% 101% Duquesne 1st 4% 22% 9814 9% 102% 19 T4 East Cuba Sug 1%8 37 79% Erie con 4896, 59% Erfe ref 86% Finland 7s ‘60 6% Flor East Coast TR 189 160 French 7s°49. 188% 154% French 7%s 41, 59 General Cable 6%8'47.e 68% Gen Steel Cast 5% 49 313% German Rep 78 '49. 34 Good Hope S &178 46w Great Nor gen 783 Hudson Coal 6863 lll 105% [l Bell T 1strI6s A 16% 104 85 70 88 100% 74 Il Central ref Gl’l‘. - 86% 52% Iliinois Cent 4%s 'i6.... 60 Inland Steel “l‘lA ". 104 70% Inter Rap Trnev 7s 79% Inter Cement 68 '¢8 wamas 100% \J “9621 High. Low. 30 Close, dhee 9917 +.14 10113 -3 +.17 99 20 100 25 +.16 -7 108 22 10817 103 24 10128 100 23 100 23 101 21 104 156 102 20 104 10 104 10 103 26 106 27 108 23 1131 102 25 bk nbn B o o o o 555 e not Close. Chge. 31% + % T4% 66% 2014 998, 51% 1051 {6 8¢ 4 1073 104 1021% 107% 109% 111 110% 111% 92% 224% 10% 90% 94% 94y 102 103% 1067 % 107% 101 89% 1074 961 101% 101% 101% FFEEF FEFREFEER +ll++1+1 Lo FEE 4+ e & & - EEEER 9% +1% 43% + % 35% —1% 86U — % 110 9% 9% - % Rt 7 Inter Gt Nor adj 6s '53.. 40% Inter Hydro El 6344 5714 Inter Paper 68 A '47, 56 Inter Tel & Tel 4%s ‘39 4814 Inter Tel & Tel 4 9% 5134 Inter Tel & Tel 68 '56. .. 89% Italy 7s°51.... . 76 Italy P U Credit 7s '52. 8% Japan %8 ‘65 84% Japan 63%s’'64 6214 Kan City South 72t Kan Gas & El 4%s'80,.. 100 T4% Kendall 6% s 48 ww. ... 102 97 Lack Stl 1st 63 °60.. 105% 50 Laclede 5%s D "6 63 5% Lautaro Nitrate 6: 40% Lehigh Val cn 4s 2003. .+ 119 106 Liggett & Myers 6s '51. 105% 85 Loews6s'41. 113 99 Lorillard (P) 6s'51 127% 112% Lorillard 7s44. . 68% 50% Louisiana & Ark 5s 108% 88 Loulsville GREfs A ‘52 108% 105 94'% Louls & Nash uni 4 95 611 9% 9 103% 91% 851 86 9% 4% 119 625, Market St Ry 7s A " 414 Mexico 4s 1904-54 97% Midvale St & O 6536 79 Milan 6%s ‘62... 57 Mil El R&L 1st rf 6 56 Mil El R&L gnrt bs 71, 93% 75% Mo Kan & Tex 1st 4s'90. g%‘/y 32% Mo Kan & Tx adj bs Y% 20% 39 384 381 38% 381% 161 100% 62% 521 103 78% 116 105% 947 69% 101% 85 101 85% 7% 52% 75 b2% 82 684 1224 109% 101 83 70 4T% 80% 5514 110% 105% 115 109% 70% 39% 89% 55 87 46% 71 57% 11 614 106% 97% 109% 103 591 27 T2% 50 171% 128 1101 98% 108% 1004 6815 61 561 45% 60 83 3 5% 85% 8914 94y 834 8315 62% 65 28 1071 1004 10815 104% 112 105% 643 294 6513 29% 100 913 114% 103 106 88% 94% T8Y 10515 85% 106 914 12 97% 1074 103% 99% 79 144 5% 14n 6% 63"4 93% 39 B934 59 Mo Pacific 58 F'77. Mo Pacific 55 G '78. Mo Pacific 55 H '80 Mo Pacific 5s 1'81. Mo Pacific 5% s A '49 Montana Power 55 '43.. Nassau El cn gtd 4s '51. Nat Dairy Prod §%s 48, New Eng Tel 1st b3 '52.. New .er P&L 4%5 60, .+ New Sou Wales bs '57. New Sou Waies 58 ‘G8. .., N Y Cent ref 435 2013., N YCentrf4l%s2013n. N Y Cent rf 6s 2013 N Y Central conv 6s N Y Cent deb 63°35 NYChi&StL4 NYC&StLrf5%s A ‘T4, N Y Edison 6s B 44 Edison rf 6%s "41.. NH&H4%s'67 N 6 9% 102% 116 93% 101 101 60% 66 222222222 w1 i Norf & W div 4544 No American Co §s '61.. North Am Ed 5s A '67. North Am Ed 55 C'69., North Ger Lloyd 6s '47.. North Pacific 2s 2047.... North Pacific 45 '97....x North Pac 4%5 2047, . ee North Pac 68 D 2047.... North Pacific 6s 2047 North St P 1st 6s A ‘41.. Nor Sta Pw 1st 6s B’ fl. Norway 5%s'65. Ore Wash RR&N 4s " u. Orient Dev 535 'T8 Orient 6s'53. .. Otis Steel 15t 53 A 41... Pacific Gas & El1 bs " Pacific T & T 1st E Pacific T & T ref 6s '52.. Para-Fam-Lasky 6s '47. Paramount Pub 5%s'50 PennRR4%SE'S4.... Penna cn 4%s '60 Penna gen 43s '65. Penna 4%s D'70. Penna 4%s'63. Penna 55 64 Penna gen 6s Penna 6%8°36. 106% . 100 102 Phillips Petrol Poland 63°40. 88 Poland 7s'47, 69% Poland 8s'50. 39 Port Gen Elec 4%5'f).. 37 Postal Tel & Ca 58 53 23% Prussia 68 °62.. 24% Prussia 6%s 51 106% 93 PubSve E&G 4 10814 100% Pub Sve Gas 4% 1007 90% Pure Ofl 6%45°37. c000ee 107% 94% Queensland 68 "47vew oo 109% 102 Queensland 78 ‘41,400 eet 35 Rhine West El P 65 ‘63. 35% Rhine Wst El 68656 ww. 21% Richfield Oil Cal 6s ‘44, 16 Rio De Janeiro 6%s'53.. 15% Rio Grand Do Sul 9% R I Ark & L 1st 4%s°34 80 Rome 6%5 62 142% 102% Royal Dutch 4s’45. 47% SLIM& S R&G 45°33 12 StL&SF4sA’S 9% St L&SF 4%s 13% StPKSSL1st4%s'41, 65 Sao Paulo State 78 "40. .; 2115 Saxon Pub Wks 6%s'51. 321, Saxon 78 '45. . . 5 Seaboard A Lref 4569, 21, Seaboard A L adj 6s '49. 6% Seaboard A L 6s°45. 18 Serbs Croats Slov i 89% Shell Union Oil 65 ‘47 105% 101 Sinclair Oil 6%sB 'Sla 104% 10214 Sinclair Oil 7s A '37 99 8415 Skelly Oil 63%5°39 110% 105% South Bell T & T 111% 105% Souwst Bell Tel 68 A'54. 74% 53 South Pacific col 4s " 69.. 70 South Pacific ref 4s '55.. 53% South Pacific 4345 '68. .. 53 South Pac 43569 ww. 52 South Pacific 4%4s ‘81 63% South Pac Ore :%s'7 53 Southern Ry gn 4s A’66. 86 Southern Ry 6594 69 Southern Ry gn 73% Southern Ry 6 102% Stand Oil N J 58 1047 100 Stand O1I N Y 4% 682 35% Studebaker Corp 6s'42.. 651 Tenn Copper 68 B "44... 57 Tenn El Pwr 65 A '47 96% Texas Corp cv b5 '44. Texas Pacific 65 B 'TT s Texas Pacific 55 C 7' Third Ave 1st rf 4s Third Ave adj in 65°60... Tob Prod N J 635 2023.. 61% Tokio 53%s "61. 637 Tokio Elec Lit 96% Un El L & P 68°67 102 UnionEl L & P 5%s '54. 99% Union Pacific 1st 4s'47. 8215 Union Pacific 4s ‘68, 89 Union Pac 18t It 4s 3008 60 United Drug 6s'53. 68 U R Rubber 65’47 23 Unit Stl Wk 26 Unit Stl Wk 27 Unit Stl Wk 27% Uruguay 6s 9% 107% 107% 108% 100% 104% 91 1% 67 66% 66% 44 81 38% 22% Utilities Power 5% 891 62 Vanadium cv 68°¢1.... 991 99% Virginia Ry 1st bs 13% Wabash 4%! 13 Wlbl.lhllB’" s meo 13% Wabash 68 D 80sceneeen 68% 108% 80 91y 92 T4% YoungstwnStl 68 B '70. 92 . 112% 127% 651 107% % 104% 91 90 s + E 33 4400 =TT e b & T ++++ FFF - EEP FFEr ¥F 108% + % 9% +1% 9% +1% 92 +2 1934—PART FIVE.. FINANCIAL! N. Y. STOCK EXCHANGE SUMMARY (Continued From Page-2.) ————— s = 1034 — Stock and High. Low. 11% Stand G & El 6% pf. 18% Stand G & E1 7% pf. % Stand Invest Corp. . 2% 263 Stand Oil of Cal (1). 96% 3tand Oil Exp pf(5) 23% Stand Oil of Ind (1) 26 Stand Oil of Kan(2) 39% Stand Oil N J(11%) 6 Starrett L S (h50c).x 47% Sterling Prod (3.80). 1% Sterling Secur (A). 3 Sterling Secur pf.. 80 Sterling Secur cv pt 4% Stewart-Warner. 4% Stone & Webste: 1% Studebaker (k). . 10 Studebaker pf (k).. 74% b61% Sun Oil ($1)... 118 100 Sun Oil pf (6) 254 11% Superheater (50¢) .. 3 1% Superior Oil....... 16% 4% Superior Steel. ..., 5% 8% Sweets Coof Am. 2% % Symington... 5% 1% Symington (A). 1 288 71 Telautograph (1)... 3% Tennessee Corp 13% Texas & Pac R R..« 19% Texas Corp (1)..... 80 Tex Gulf Sulph (2). 2% Tex Pac Coal & Oll.. 6% Tex Pac Land Trust 8 Thatch Mfg (h25c). 89 Thatcher Mf pf 3.60 4 The Fair.. 21 Thermoid Co. 4 Third Avenue 13% Third Nat In (h85c) 4% Thomp'n(JR) (50c) . 10 Thompson Products 1% Thompson Starrett. 8 Tide Water Asso... 641 Tide W A pf (j8%%). 24 Tide Wat Oil(h1%). 80 Tide Wat Oil pf (). 3% Timken-Detroit 24 TimkenR B (1 5% Transamerica h25: 415 Transue & Williams 3% Tri-Contl Corp. 60% Tri-Contl pf (6) 33 Trico Prod (2%). 1% Truax-Traer Coal... 3% Truscon Steel. . 1% Twin City RT. 6 TwinCity RT pf 36 Und-Ell-Fisher (")- 39% Un Bag & Paper (4) 857% Un Carbide & C 1.40. 11% Un Oil of Calif (1). 90 Union Pacific (6)... 71% Union Pacific pf (4). 156% Un Tank Car (1.20), 8% United Aircraft.... 8% United Air Lines&T 8 United Am Bosch. .. 21% Unit Biscuit(1.60).. Unit Biscuit pf (7). 35 United Carb (2.40). 214 United Corporation. 22% United Corp pf (3).. 9% United Drug. . 3% United Dyewood., 3% United Elec Coal. 69 United Fruit (3). 11% Unit Gas Imp (1.20) 86 Unit Gas Imp pf (5) 1% Unit Paperb'd (k). . 4 Unit Piece Dye Wks 30 Unit Piece D W pf.. 1% U S Distributing. 6 US & For'n Secur.. 63% U S & For 1st pf (6) 11 USFreight (1).. 34% U S Gypsum (1% 115 U S Gypsum pf (7). 4% U S Hoffman....... 82 U S Indus Alcohol 5% U S Leather..... 7 US Leather (A)... 15% U S Pipe & F (50c).. 16% U S P&F 1st pf 1.20. 3 Bales— Dividend Rate. Add 00. High, 8' 13 19 1% 257 80% 19 110% 193 264 81% Stock and Sales— Dividend Rate. Adfl':o mgh. Low. Closs. CBBS. 72 l'l 16% 16% — % 80 42% 40% 40% -1% 211 127% 119% 122% -3% 8 65 63 65 + % 366 38% 36% 36% —1% 50 83 81 S81% — % 1 115% 115% 116% -4% 108 148% 148% 148% 399 8% 7 7 7 76 73% 58% 56U 136 136 1% 1% 4 18 1% —1034 — High. Low. 4 US Realty & Impr 11 U S Rubber........ 24% U S Rubber 1st pf,. 96% U 8 Smelt & R (h9) 4% USSm&R DL (3%) 29% United States Steel. 67% U S Steel pf (2).... 99 U S Tobacco (17%) 150 126 U S Tobacco pf (7). 2% United Stores (A).. 54 Unit Stores pf(3%) 63 40% Univ Leaf Tob (13) 140 112% Unv Leaf Tob pf(8) 3 % Univ Pipe & Rad. .. 24 4% Univ Pipe & Rad pf. 5% 1% Utll Pwr & Lt (A) 1% Low. Close. Chge. 1% 13% 1% 29%, 110 24% 1% % Vadsco Sales Corp 14 Vanadium Corp. 4'% Van Raalte. .. 54% VanRaalte 1st pt('l) 24% Vick Chem (12.40). 1% Va-Car Chemical.. . Va-Car Chem 6% pf a El1 & Pwr pf (6). a Iron Coal & Coke Iron Coal & C pf. 52 Vulcan Detin (h3).. 18 s Wabash (k). 29 Wabash pf ( 1% Wabash pt B (k). .- 4 Waldorf Sys (h20¢) x algreen Co (m1). 13 Yalgreen pf (6%%). x100s 116 7 2% % 1% 32 4% 231 5 Ward Baking (A).. 1% Ward Baking (B).. 24 Ward Baking pf (2) 2% Warner Bros Pic... 15 Warner Bros Pic pf. 1ls Farzo 15% Wesson O & S (11). 52% Wesson O & S pf(4) 45 West Pa Elec pf (6) 51% West Pa Elec pf (7) ¢ 78% West PennPw pf(6) 8915 West PennPw pf(7) 1% Western Dairy pf A stern Maryland.. stern Facific. ... 4% Western Facific pf. 293 Western Union. 15% Westingh'se AB 500 78 27% Westinghouse Elec. 185 82 Westingh'se 1st 3% 300s 6 Weston Elec Inst... 13 16% Weston Elec A (2). x 501 14% Westvaco Chl (40¢) 24 Wheel & Lake E 1114 Wheeling Steel..... 34 Wheeling Steel pf.. 21% White Rock M S (2) 2 Wilcox Oil & Gas... 27% Wilcox Ric 7 22 126 53 Wilson & Co pt 1]7) 41 Woolworth (2.40).. 189 131 Worthington Pump, 7 31'3 Worth Pump pf A.. 290s 1 ght Aero....... 160s igley(Wir)f3% x 9 27 14 Yale & Towne (60c) 2% Yellow Truck. . 47% 28 Yellow Truck pf... 228, 1:; Young Sp&W (11%) 33% 12% YoungstownS& T. 59% 34 Ygst'n S&T pfAS% 4% 1% Zenith Radio. 7% 3% Zonite Products. ., Dividend rates as given in the ahove table a: cash payments based cn the latest quarterly or declarations, s Unit of trading less than 100 shares t Partly extr 9in stock Paid I ate. b Pay Stock. ¢ Plus 4% 3 Pai¢ ¢ . blated Stock. e Payable in cash of stock { Pluss1 in spectal. dividends paid this year _k Companies reported in reéfilfiifi or being reorganized. mPlus 5% in stock. Plus stock » Plus 2% in siock. x Ex dividend. Su’ 7% T6% +43% 1315 — % 48% +1% 142 51 — 43% 6in 9% 19% 18% % 445 6l 11% 20% 19 194 18% +{MOODY’S INDEX SHOWS RISING TRADE TENDENCY By the Associated Press. NEW YORK, December 22.—Sta- tistics appearing during the last week | indicated a rising buminess tendency, production and steel ingot output. These index figures are adjusted for seasonal variation—that is, if the change from the previous week should coincide with the normal seasonal | change, the index figure would be un- changed. Steel, Com- bined Latest week. Previous week 1y average equals 100.) Copyright. 1934. by Moody's. FEDERAL LAND BANKS NEW YORK. December 22 (#).—Federal Land Bank bonds: 2 A‘ske;i 5s May & 10175 4135 Jan. 1 4155 Jan. 14 4125 ). & J 41as Jan. 1043 4125 May 19 4%4s Nov. 19 414s May 19 4%s Jan. 1 4'as July 1 4s May 45 Nov. 4s July CORPORATION EARNINGS. NEW YORK, December 22 (P).—Per share earnings of corporations reporting during the week, with comparisons with the previous year included: Eleven Months Ended November 30. 1934, 1933 = 1946-44 1003 101% Caterpillar Tractor. S U. & pmeiting Refining & Minin, Arundel 7.96 Cornorntio . . 146 Year Ended November 30. Commonwealth & South- ern Cor *5.49 Ten u-nnu Ended October 3 Bants Fe Railway. Reading wa! Eontivifie & Neshvitie & Year Ended October ~z~ Swift & Co. Rath Packini Nine Months Ended September Murray Corporation Croft Brewing *Preferred. MONTREAL SILVER. MONTREAL. December 22 (#.—Silver futures c!osed ne-dy Sales, xo contracts. High. Close,. 5:! 7(ib 54.25 54 '15 b4.1 5460 54750 54.60 b4 flflh RUBBER FUTURES. NEW YORK. December 22 (P).—Crude qubber futures closed quiel, 5 mxher to nuary, 12 fl"nl" 86; l(luh. 13 06a13. ()8v 3.2 Smoked ribbed spot closed 12.85n. n-Nominal. SAVANNAH NAVAL STORES. SAVANNAH, December 22 (P pentine firm, "45%; sales, 402; shipments, ~ 152: Rosin _firm; CHICAGO PRODUCE. CHICAGO. 22 ——Po\ll'." llve 28 tmcn tur] ‘hn euya: V:s 9 orings. 1 toms. 20; oid. 1 pounds up, 19a2i c: 8. 6-7 wunds 20 essed turkeys, 26; old. 21 younl' hens. on_ track 193 Whl toes. entl. fig dun‘ mmgllu nther N‘o 1, 15"‘/::15 ‘/. lfld i llbenl Russel 1 and 2. sts. 5\1‘:‘?11& nw u refr) 1l=rnwr e sumunu 21 extras, Z1%. according to Moody's index figures | for frieght car loadings, electric power | 1i1, | cloth markets said that the week's May, | §e New York Cotton Thrift Is the Road to Success By the Associated Press. On 0 Savings NEW YORK, December 22.—Cotton | | was a little more active today with | Home Loan & Savings Ass'n | prices higher on domestic and foreign | 1505 K St. N.W. trade buying following recent activity e g iy in cotton goods and a tendency 10| g Morlnn Loans on Pro rty reduce estimates of the Indian crop. | k_w The advance encountered pre-holi- | — e day realizing or liquidation as well | as some Southern hedging, but after | Table Tables | moving up to 12.66, or 5 points net\ R higher, March closed at 12.64. The general market ended steady at net | advances of 3 to 9 points. Except for continued January liquidation combined with some Southern hedging realizing, offerings were comparatively light, but the market met sufficient cotton to supply buyers on advances of about 4 to 10 |f. points from yesterday’s closing quota- tions. January sold up to 12.54, while July advanced to 1275 and closing | quotations were within a point or two | of the best. Week end reviews of the domestic We Steel Files Steel Cabinets Addine Machin, Matched Office Saites OFFICE FURNITURE AND EQUIPMENT BAUM’S 1416 Eye St. N.W. National 2181 Exchange Applications invited for Loans on apartments. business and residential properties. Tyler & Rutherford, Inc. Mortgage Loan Correspondents Mutual Benefit Life Insurance Co. 1520 K St. N\W. Na. 0475 sales had been far in excess of pro- | » | duction on print cloths and some- | Internationally Famous what better than output in several | other divisions and that some mills | were closely sold for January de- livery. The amount of cotton on shipboard awaiting clearance at the end of the week was estimated at 90,000 bales, against 168,000 last year. The range follows: December for Nearly a Century (Stnce 1858.) 1107 Connecticut Avenue Massachusetts Investars Trust Prospectus on Request William W. Mackall, Jr. Investment Securities 218 Woodward Bldg. District 8431 | middling. Cottonseed Oil. Bleachable cottonseed oil was firmer today on further covering and buying by houses with Southern and cotton connections, promoted by the firmness of crude oil, which sold at 9c at all Southern points. Final prices were 4 to 9 points net higher, with sales of 67 contracts. Bleachable spot nomi- nal; December closed 10.20, January 10.28, March 10.20, May 10.26 and July 10.38, U. S. TREASURY NOTES. NEW YORK. December 22 (P).—United States Treasury notes and certificates. prices quoted in dollars and thirty-sec- Month. % Bid. March 2% June 3 MONEY = to 6% No Renewals Neo Commissions $10.00 Per Month Per $1000.00 Year, =23 COLUMBIA PERmMANENT DUII.D;NG ASSOCIATION t. N.W. NA. 0353 5 s Y BB D R rTS MORTGAGE LOATNS INVEST DIVIDEND MONEY IN OUR FIRST MORTGAGES They run for a term of years, at liberal interest, and principal is secured in mproved real estate. Available in amounts from $250 up. B. F. SAUL CO. ¢ REAL ESTATE National 2100 925 15th St. N.W. PROPERTY MANAGEMENT First Mortgage Investments