Evening Star Newspaper, December 23, 1934, Page 60

G—4 CURB LIST HOLDS 10 NARROW RANGE Small Gains of First Hour Shaded Later—Volume Is Moderate. BY BERNARD S. O'HARA, Associated Press Financial Writer. NEW YORK, December 22.—The curb market closed the week with a fairly steady tone. Dealings were moderately active for a short session. Fluctuations were generally confined to a fractional range. Quotations ruled narrow at the opening and mild improvement oc- curred during the first hour; gains, however, were shaded at the close. Utilities were quiet with changes restricted, except among a few of the thinly traded issues. Electric Bond & Share was unchanged, while American Gas & Electric edged a fraction higher. New York Power & Light lost some 8 points in a small transfer. Oils, alcohols and metals were with- out trading feature. Final prices were steady to a bit higher in Humble Oil, International Petroleum, Sherwin- ‘Williams, Swift & Co., Swift Interna- cional, Wright Hargreaves, Lake Shore, Hiram Walker, Distillers Corp.-Sea- grams and Pittsburgh Plate Glass. Transfers approximated 108,000 shares compared with 112,000 the week before. FRANCE STOPS TRADING ON WHEAT FUTURES MART By the Associated Press. PARIS, December 22.—The Govern- ment today suspended all future mar- ket operations in wheat and flour to prevent speculation during the six- month stabilization period provided by Premier Flandin's bill establishing minimum prices for grain and remov- ing the surpius from the market. ‘This bill, passed by the Chamber December 13, provides the government may purchase the 1933 and 1934 crop surplus, estimated at 80,000,000 bushels at the six-month average price on the new free market which the measure is designed to create. Commodity Price Changes for Week. BY H. N. McGILL, Editor MeGill's Commodity Service, Inc.. Auburndale, ) AUBURNDALE, Mass, December 22 (#).—Commodity prices during the third week of December registered an advance which carried the current up- swing to the highest point since late September. The recent elevation in the price level was not due to any one specific group but rather to a general advance. During the past week out of 14 individual groups 7 averaged high- er, only 1 declined, while 6 remain unchanged. Industrial activity showed no disposition to decline, reflecting a favorable volume of Christmas trade as well as a further gain in the iron and steel industries, Industrial prices again advanced, veaching the highest point since last September. Price strength in fuels, hides and leathers and non-ferrous metals was primarily responsible for the higher industrial price level, Farm Prices Unchanged. Agricultural prices represent one of the groups that showed no price change during the week and the aver- age for the month of December is under the price level of last month, During the week price strength in barley, rye, eggs and butter counter- balanced price weakness in wheat, corn, oats, beans and flaxseed. Live stock prices recorded an ap- preciable gain during the week due to higher quotations for hogs, sheep and lambs. Cattle prices, however, registered a slight decline. Hides and leather recorded the greatest gain of any group. Hides gained 1 cent while calfskins aver- aged higher and price strength also occurred in belting and oak leathers, Non-ferrous metal prices advanced during the week despite the fact that two items declined and two ad- vanced. Price strength in lead and zinc more than offset weakness in antimony and sliver. Paint materials represent the only group to decline during the week, This was due to price weakness in linseed oil, naptha, rosin and terpen- tine, Vegetable Oils Higher. Vegetable oils continued the broad price advance that has been in effect for a period of months, reaching new high ground under the impetus of higher quotations for coconut, corn and cottonseed ofls. Most important price changes in the McGill Weekly Price Index (1926 equaling 100) were as follows: This Last Year . We M commadmu x i Industria Anicuithrar - Live stock Hides and leather Vegetable oils ... Daily Price Index. NEW YORK. December 22 —Index of 15 aple commodity ~prices” (December 31, . equals 100; average equals low . low .. Slnple. ilk. pound ‘0coR, pount Hides, pound Commodity Futures, New York markets as compiled by the A$=ocilted Press GAR—Futures closed steady, chanced o = Bigher sis. ) January. 4 arch, Mey, {:80b; July, 185; September. 1.89; Decem- . CRUDE RUBBER—Futures closed quet, § higher to 2 lower; sales, No. %6 contracts. | Decernber. 1588 3 12 K5aNs: March. 1%.06a08 May, 1 uly. 13.4ba: September. 13 tobe 13750, Smoked ribbed sp Tia “market_ 15 closed Mntil Wednesday, December ::t.) RAW HIDES —Futures closed quiet. un- changed to 10 low mber. §.90n Sarch. 9.10b: June. snn Sepmnber 9.85. Sales. 1.080.000 pou This market is elosed until Wednesdn December 26.) pot steady: Rio o3 Santos No. 4, ia1] e Rio (uunes closed quiet: sales, 1.000 bags March, 7-10n un- an 'mber, 10.50: March, Ty, 10.40n; Bep: n—Nominal, SeR 10.40n; 10, fi ber, 10 40n. T—Mk!d. b—Bid. EXPECT ACTIVE SPRING. NEW YORK, December 22 (#).— Confident of an active Spring business, manufacturers of buttons, buckles and slides have been busy this week pre- paring 1or the new season’s lines. GLASS INDUSTRY QUIET. NEW YORK, December 22 (#)— ‘Business in most branches of the glass industry, says the American Glass Review, has turned quiet, re- flecting the temporary pause usual at this time. P FINANCIAL/ Mutual Savings Banks to Reduce Baltimore Rates|ror week enbiNG sATURDAY, DECEMBER 22, 1934, e Special Dispatch to The Star. BALTIMORE, December 22 —James D. Garrett, president of the Associat- ed Mutual Savings Banks of Balti- more, has announced all members of the association would reduce the rate of interest from 3 per cent to 214, per cent, effective Jgnuary 1. ‘This action, Mr. Garrett said, was due to the low income yield on Gov- ernment bonds and other high-grede investments to which savings banks must confine themselves and to the large cash balances on hand await- ing investment, He explained that the mutual sav- ings banks have gained both in ac- counts and deposits this year. He also pointed out that the Baltimore savings bank investment situation was similar to that of mutual savings banks all through the country, es- pecially in the Eastern States, where many banks have been paying a re- duced rate since October 1. CORPORATION REPORTS TRENGS AND PROSPECTS OF LEADING ORGANIZATIONS, NEW YORK, Decen‘ber 22.—The following is today's summary of cor- poration news prepared by Standard Statistics Co., Inc., New York: Douglas Aircraft Co.,, Inc.—Com- pany announced an increase of 5 per cent in wages of its 2,000 employes, effective December 31; the raise will apply to all workers except salaried executives; pay roll is about $3,500,000 annually. Chrysler Corp.—Announced that prices of new Chrysler airstream six to be introduced in 1935 range from $745 to $860; models comparable with Chrysler six line in 1934 show prices ranging from a reduction to $5 to an increase of $10; prices on Chrysler airstream eight range from $935 to $995. Commercial Solvents Corp.—W. D, Ticknor, chairman of this company, replied to questions concerning reports that Commercial Solvents had sold its 30 per cent interest in Krebs Pigment & Color Corp. to E. I. du Pont de Ne- mours & Co., by stating that any an- nouncement on the matter must come from E. I. du Pont de Nemours & Co.; latter company owns 70 per cent of Krebs Pigment & Color stock. Gorham Manufacturing Co.—It was announced a dividend of 50 cents a share would be pald on voting trust certificates for common stock of this company on January 15; on April 16, 1934, a distribution of 75 cents was made on these certificates. Liquid Carbonic Corp.—Chairman said pusiness volume of company for first three months of new fiscal year is running about 20 per cent above like 1933 period. International Business Machines Corp.—President announced an in- crease of 372 per cent in minimum pay and from $1,000 to $2,000 in paid- up insurance for employes. Chicago & Northwestern Railvay— Passenger traffic manager of company sald the alr-conditioning program of company for 1935 provides for the equipment of 135 cars, Chicago, Milwaukee, St. Paul & Pa- cific Railroad—Directors of company decided to accept a loan of $3,500,000 from the Reconstruction Finance Corp. The Interstate Commerce Com- mission had required that $6,000,000 St. Paul bonds and the company's equity in Milwaukee Land Co. be pledged for road to get & loan of $4,000,000. However, St. Paul was offered a loan of $3.500,000 on the pledge of only the $6,000.000 in bonds. It was stated road probably will seek | a further loan next year, using its equity in Milwaukee Land Co. as collateral. Southern Pacific Co—November net railway operating income was $1,638,- 535 vs. $1,418298. In 11 months net railway operating income was $15,- 305,366 vs. $7.984.303. Republic Steel Corp.—Supreme Court Justice Walsh, New York, denied a motion brought by company to dis- miss & suit brought recently against the corporation by Norman C. Nor- man, a stockholder. Other defend- ants in suit are Kuhn, Loeb & Co. and Field, Glore & Co. Mr. Norman sought an injunction to restrain com- pany from delivering 50,000 shares of its common stock to the banking firms for their services in floating $24.000,000 bond issue in connection with the pro- posed merger. Refined sugar price reduced 10 points to 4.30 cents a pound by sev- eral leading sugar concerns. Collins & Aikman Corp.—Deficit, eight months ended December 1, was $254,780 vs. net income of $847,159 in nine months ended November 25, 1933. Manhattan Railway Co.—8. Seabury and A. A. Berle reported to Board of Estimate that the price asked by Interborough Rapid Transit Co.-Man- hattan stockholders of °$60,000,000, which, taking into account par for bonds and notes outstanding, would bring the total price for the system to $264,000,000, has no reasonable foun- dation and cannot even be used as a basis of negotiations. Kelly-Springfield Tire Co.—New Jersey Chancery Court authorized liquidation and reorganization of com- pany on the ground that if losses sus- tained in six years were allowed to continue, the assets of the concern would be dissipated. Radio Corp. of America —Committee of board which was requested to study the subject of a readjustment of capital structure recommended against the adoption of any plan of recapital- ization at this time. Gulf Oil Corp.—Subsidiary, Gulf Refining Co., marked up tank car kerosene price 14, cent a gallon at its North and Middle Atlantic seaboard deepwater terminals as well as at Jacksonville, Tampa and Savannah; price of No. 1 heating oil also was increased !; cent a gallon. Socony-Vacuum Oil Co., Ine.—Sub- sidiary, Standard Oil Co. of New York, increased tank car Kkerosense price 1, cent a gallon at its terminals; price of No. 1 heating oil also was marked up % cent a gallon, Denver & Salt Lake Railway.— R. F. C. assumed control and active management of company, to protect Federal loans to Denver & Rio Grande Western Railroad, which are secured by & majority of Denver & Salt Lake stock; W. R. Freeman, president, and G. Hughes, chairman, resigned; Mr. Freeman was succeeded by Judge W. McCarthy of Salt Lake City, a former director of R. F. C.; the Government will be represented on the new board of directors by Judge McCarthy, A. A, Berle, jr, and G. H. Burr. American Woolen Co.—Increased prices on its men's wear woolen suite ings 21; cents a yard; a few fabrics were advanced 5 cents. Pacific Mills—Working force of company totals 10,000 persons, the largest number since 1929, Middle West Utilities Co.—Holders of certificates of deposit for $6 con- vertible preferred stock, series A, were notified that their committee had adopted the plan of reorganization dated September 24, 1934, and filed October 23, 1934, in proceedings for reorganization under section 77-B of amended act, By the Assoctated Press. = 1934 — High. Low. 4 2% Acetol Products A. ... 103% 1214 7 Aero Supply Mfg A. 4 1% Aero Supply Mfg B.seee 3 Agfa Ansco....... 10 Ainsworth Mfg (k134). & Air Investors Inc 1 14 Alr Investors ww 21% 9 Air Investrs cv pf. v 63% 39 Ala Great South'n (k2). 52 32% Ala Pwr pf (6). 81% Ala Pwr pf (7) % Alliance Inves % Allied Int Inv.. 515 Allled Mills Inc. 44% Aluminum Co of Amer. . 41 2074 3 3% 84 73 Adams Mill 18t pf (7)ee log‘fi 103% 40% e 49 60 Alum Coof Am pf(4%)x 76 8 Alum Goods Mfg (40c), x 10% 1815 Aluminum Ltd. 87 4) 23% AmCItP&LA 1% Am City P&L B (k1 14% Am Cyan B (k26¢)..eee Am Found 1st pf B. 9% Am Found 1st pf D. 164 Am Gas & Elec (11.20). 2 Am Invest Inc. % Am Invest Inc war. 1075 Am Laundry Mehuoc)u 84 Am Lt & Trac (1.20) % Am Maracaibo 7 Am Meter Co. 11 Am Potash & Chem.,..s 1% Am Superpower. . 813 Am Superp pf. 49% Am Superpower 1st pf, . 3, Anchor Post Fenc: . Arcturus Radio Tub: Ark Nat G Ark Nat G 14! Armstrong Cork(25¢).+ 11 Art Metal Works(t45¢), Asso El Ind (k10%) Asso Gas & Elec A..+ 1 Asso Rayon. % Asso Tel Uti] 21y Atlas Corp war. 39 Atlas Corp pf A (3) 5 Atlas Plywood (k50c) 495, 84 8y 697y 57 Ax-Fish Tob A (3.20)... 2% Auto Voting Mch(50c)..x 5% 59% 51 181; Babcock & Wil (40¢) wa.x 38 131 111'; Bell Tel of Can (6). 4 1% Benson & Hedges. 101 21, Bliss Co (E W). 3% 13, Blue Ridge Corp. 39% 30% Blue Ridge cv pf (ll).... 12% 2 Blumenthal (8).. 11 6 Borne-Serymser. 6lg l Bourjouls (k25¢)... 17% 8% Bower Roller Bearing (1 2 Bowm'n-Biltmore 1st pf 14% 8 Brazil Trac Lt & Powr.. 51 2 Bridgeport Machine. 1 BrillCorp A % Brill Corp B.. 4y Brillo Mfg (60e) + BHt-Am O1l cou (30c).« 8% Brit-A T cou B k94 4-5¢ 2% Brit Celan Ltd rcts. 5 Brown Copf.... 71 Brown Forman Di 26 Buckeye Pipe Line (3) 15% B N & E P pf (1.60) 68!y BN & E P 1st pf (5) 26 Bunker Hill & Sullivan.. 1 Burco Inc... 214 Burma Ltd rets (kic) 4 Butler Bro. # Cable Radio T vte 14 Cables & Wire B ret. 8% Cables & W pf(ky 910¢). 54 Canadian Ind Alc 1% Canadian Marconi, 1% Carib Syndicate. .. e 18t Carnation Co (1)... su Carrier Corp. s Catlin Corp'n. 83 Celanese Corp pf (1). 81 Celanese 15t pf (7)..cee 531 Celluloid Corp 15t pf. .. 8 Cen Hud G & E ct(80¢).. & Cent States Elec....c00 115 Cen Sta El ev pf. 1 CentStaFlev p 1 CenSEIl6% pfxw 2 CenStaEl7% pt. 4 Centritugal Pipe (400) m & Charis Corp (134) 150 1)5 Chesebrough (111 17% 4% Chi Rivet & M (k8§ 44 13 ChildsCopf.... 41 11 Citles Service 267 114 Citles Service pf. 213 1 Cities Service pt B, 256 11 CitSvP&LS$6pt 11% 8 City Auto Stp (K100)sem 13 % Claude Neon Inc.. 38 © 214 Cleve Elec Illum (2) v arx 24 l s Cleve Tractor.veccscene 4« Club Aluminum Uten. ., 5 s Cohn & Rosenberger. .. 1y Colon Oil. . 65 Colum G & Ecvfl (l)... % Colum O & G vte sv, Comwlth Edison (: ix Comwlth & Sou war. 3 Community Water Sve.. 8 Compo Shoe M 8tc 50C... 6% Cons Afrcraft... s C A M Cocum pf, * Cons Copper, . 501, Cons Gas Balto (3.60) 14 Cons Retall Stores. 1% Cons Royal (20c). 88 ContG&Eprpf (7 2% Cooper Bessemer. 275 Cord Corp (k25¢). 11 Corroon & Reynald-‘ .ve 10% Corroon & Rey pt A 13 Cosden Oil (Maine)...q. 10% Courtaulds (k(2814¢).. 513 Crane Co. . 46 Crane Co pf 9% Creole Petroleum,., 3% Crocker Wheeler, 3 Croft Brewing % Crown Céntral 515 Crown Cork Intl A m75c. 2 Cuban Tob vte.... 16 Cuneo Press (1.20)....s 7% Cusi-Mexicana Mining.. —— 434 Darby Pet. (50¢) 12 Davenport Hos(2) 1 Derby Ofl & Ret. 20 Distill Co Ltd (k74 7-100 87 Distillers Corp-Seag 314 Doehler Die Casting 671 Dow Chemical (2) 56 Driver Harris pf (7) # Dubilier Condenser. 33 Duke Power (3).. 4 Duval Texas sulnhnr. . 31 Eagle Picher Lead. 4% East'n Gas & Fuel Asso. 46 Eastern G &F pf (6)... 1, Eastern States Power.., 21, Easy Wash M B (50¢) wa: 8 Edison Bros (k50€)..eei 4 Eisler Elec Corp. 61; Elec Bd & Share. 281; Elec Bd & Share pf (5)e. 31 Elec Bd & Share pf (6).. 314 Elec Pw A850 (40C). . e 57% 10% % 10% 70 2% 814 28Y% 2 Electrographic Corv 71; Elgin Natl Watch. . ... 10% Bmpire G& F 6% pl...s 12% Empire G & F 7% Dfee o 16 Empire G&F 8% pf.... 5 Empire Pwr part (k1).. 1 Equity Corp. - 30 Eureka Pipe Line (4)enn 8% BEurop Elec Ltd A (60c). % Eur El Ltd debrts. . 4 Evans Wallower Lead.. 8% Ex- 0 Alr & Tool. 3 % 51 Fairchild Aviation....e 65 Fajardo Sugar, +& Falcon Lead. . 21 Falstaff Brewing. 714 Fanny Farm C (131%0) 5 Fedders MfgA.. % Federal Bake Shop. 7% Ferro Enamel (t65c). ll’l 110'1'. First Nat Stores D!('l)u 0! 614 Fisk Rubber. . 58 Fisk Rubber Df (l).. 4'¢ Flintkote Co (A).see 8% Fla Pw & Lt pf.. 15 Ford Mot Can(A) (K14) 20 Ford Mot Can(B)(k1%) #% Foundation Co (Fer 6% 2 6l % 71 4674 & 5 15 10 % 1 5614 2 1% 85 4 2% 811, % 11% 2814 2 4% 31 1% 23 141 B5% 3 Y% 3 - X 5% 6% 6% -m+u._n.u- < 0+ LA A Stocks and dividends, High. Low. Close. Chge. P dividends. e T FrocatertGaMavpt 1.20. 26% 12% Garlock Packing (1), # Gen Invest wWar. ..viiea 6 Gen Invest Pf...eevmece 20 Gen Pub Serv pf..ceeees 1 Gen Rayon Ltd A..esee) 52 Gen Tire & Rubbel e en 43Y% Georgia Pow pt (6 6% Globe Undewrit (ki0c).. 4% UGodchaux Sugar Be...s Goldfield Consol % Gold Seal Elec. . 11 Gorham v.t.c. ext (l%). 4% Grand Rap Var (50¢c)...x 7% 8 Gray Pay Tel Pay 8 (1). 11% 150 122 GreatA & P T n-v (17).. 130 130 121 GtA&PTI1stpf (1)... 128 26 19% Great Nor Paper (1).... 24% 22% 5% Greyhound Cp (Del) n... % 14 Groc Store Pr wte. k) 4 Guardian Investors. 76% 49% Gulf Ofl of Pa. . 6% 6% Gypsum L & Ala. con & % Happiness Candy....eee + 1 Hartman Tob Co Inc..s 12% 8 Hazeltine Corp (2%)..s 84 4 Hecla Mining (40c) 1% 3 Helena Rubinstein. 40% 19 Heyden Chem (11.35 221 11% Hollinger Gold (1. 80 221 Holly Sugar. . 3 1% Horn (AC) Co. 23 14 Horn (AC) 1stpf.. 25 16'; Horn & Hardart (1.60)... 15% 8% Hudson Bay Min & 463% 334 Humble Ofl (1).. 2 # Huyler's of Delaware. . 8 3% Hydro Elec Sec. .. 5% 2! Hygrade Food “rod 26'% 17 Hygrade Sylvan (2) 30 10'% T Pwr & Lt $6 pf. 7% Imp Chem Indus (k19¢c), 12% Imp Oil Ltd con (180¢c).. 13 Imp Oil reg(i80c) 10% Imp Tob C t523%c Imperial Tobacco 28 Gt B & 1(k1.03 9-10c) . 3% Indiana Pipe L (t35¢c).. 1 Indian Terr 1Ol A. e 1% Indian Terr 111 Oil B...: % Indus Finance vte, 3 Industrial Finance pf.., 38% InsCoof N Am (2)..,. 19 IntCigar Mch (2).....4 6% Int Hydro E1 Sys cv pf.., 10% Int Mining (k15c) 31, Intl Mining war. 19% Int Petrolm (12) 4 Intl Utll war. 4 Interstate Equities. 15% Interstate Eq cv pf. 30% 19 Interstate Hoslery (2).. 19 7 Interstate Pw Del pf.... 7% 2% Irving Air Chute(k10c). 3 1 Itallan Superpower A... _— 1% % Jonas & Naumburg. Tis 5% Jonas & Naum cv pf. 48 15% Jones & Laughlin St 1 % Kerr Lake (k10c) 9% 1Y% Kingsbury Brew.. 56 50 Kings County Ltg ( 3 11§ Kirby Pet (k10c). 813 5% Kleinert Co. 8% 1 Knott Corp.. 1 +# Kolster-Br (Am lh) 14% 4% Kreuger (G) Brew 60'4 4114 Lake Shore M (131 2% l Lakey Found & Mch 3 « Lefcourt Realty 161 hu Lefcourt Realty pf. 107y 5% Lehigh Coal & Nav(50c) s & Leonard Oil. 43'; 14 Lerner Store; 8% 2% Libby McNeill & Liby 6 3% Lion Ofl Rennin‘. 8% 4% Lone Star Gas. 8 691, 45, Long Island Lt pf A(1). 60% 36'; Long Island Lt pf B(6. 5 21y Louisiana Land & Ex. 674 26'y 16 10 2 347a 29% 8% 17 3 1% 24 14 3% % McCord Rad B. McWilllams Dr (fl“).. Mangel Stores.... Mapes Cons Mfg (3).... Mare I M (K26 9-10C) oo Maryland Casualty....e Mass Util Asso. Massey-Harris, Mavis Bottling (. Mayflower Asso (2) ¢ May Hos cu pf (4) Mead Johnson(14).. Memphis Nat Gas(kwc) Merritt Chap & Scott. ... Merritt Chap & Spf A.. Metro Edison pf (6) Mexico-Ohio Oil. . & Midl Sta Pet vte Midl Sta Pet vtc B, Middle West Util (r)... Midl West Ut pf A cod., 2 Midl West Ut A cv pf(r) 16 4% Midland Steel Prod..... 49 1815 Midvale Co (K1)..evonan 107 87 Minneap Homey pf (6) eax107 2% 3 MissRivFuelbdrts.... % 20% 9 Mock Judson Voe (k1).. 15 64% 30': Moh H Pwr 18t pf (1) ... 39" 40 18 Moh Hud Pwr 2d pf. i 9% 5 Molybdenum Corp. 88 Mont W A (m10%2). 16% Moodys Inv 8 pt (3) 4 Mount Prod (60¢c) 39 Murphy Co (1.60). —_— 2 Nat Bellas H 281; Nat BAd & Share (1)...e. 80 Nat Dairy Ppf A (7). 1344 Nat Fuel Gas (1)..eeees 1 Nat Investor # Nat snvestors war. 3, Leather...... B 85'% Nat Power & Lt pf (6) o 3 Nat Rubber Mach. . 1 Nat Service Co...oeemme 1; Nat Service Copf.saesen 13% Nat Steel Car Ltd. . 29 NatSugarNJ (2) 7 National Transit (100)- % Nnt Union Radlo, ™ ik TFrrew 2 em Corp. .. % heplune Meter A. 1% New Bradford Oil (!Oc)- 474 New Jersey Zinc (2). 1 New Mex & Ariz Land 37 28 N Y & Hon Ros (14%) 23 NY Merch (1%).. 59 NYPw&Lpt(7).. 10 N Y Shipbuilding (40¢).x 12% 13 N Y Steam. % 114% N Y Tel pf (634).coeeee 119% 3 Niag Hudson PW...eews 4 Niag Hud Pw A war.... 14 Niag Hud Pw B war.... 2% Niagara Shares(Md) B., 7% Niles-Bem-Pond 2 Nipissing (k12% % Noma Elec Corp. % Nor Am L & P. 3% Nor AmL&Ppf... #& Nor Am Utility See. 32 North War cv pt (3) 50 North N Y Ut pf (7) 4% North Pipe Line (60c) 9 Northn States Pwr (A). 3 Northwest Engineer. 23% 17 Novadel Agne (2). 20 12 Ohlo Brass (B) ki0c 91 831 Ohio OllCU PL (6)....es 10% 84 Oil Stocks Ltd (40¢) 1% 4 Outboard Motor B...ees 1% Overseas Sec... 21% Pan-Am Alr (ki0c). % Pantepec Cil...... < 3% Parmt Motors Cmnn- 22% Parke Davis (11.50)....x 38 43Y% Parker Rust (14). 26 Pender (D) Gr A (3%).. 35 8 Pender Groe (B) (ki0c). 9 Corp 7% Phila Co (80¢)...eee 2% Phillip Mor COns. s eeees 20 % Phoenix Sec COrp..cews 24 16% Phoenix Securities pf. .+ 4 Pie Bakeries, Inc (40c).x 10% 10% Ploneer G M Ltd (80c).. 11% 2% Pitney Bo P (20¢) PRSELE (3%) wen 15 L I+ 001+ @ +1000 ErEEE High. Low. G—M High. Lo 5 57! -3 + % +1% +2% = % 1% P S 1433 @ eors = FE FE [} BESRE F RS | - +1+ ®5 14 4+ i 3 1 - &! LLL! £x "E"s ol Stocks and dividends. n " Pittsbgh Plate G(1.60).. 14 Pond Creek Poca (2). Premier Gold (136): sass % Prod Royalty (2%c)eee x 14 Prop'ties Real vte 1 % Propper McCallum. 6 Prudential Investor: 10 Pub Sve Nor 111 no par.. 8% Puget Sound P&L 35 pt. 5% Puget Sound P&L §6 pt. 33% Pure Ofl pf.. 1% Pyrene Mfg.. —_— 134 113 Quaker Oats pf(6)..... % & Rallroad Shares....c.es 11 5% Rwy & Light Sec, % % Rainbow Luminous (A) % 3 Rainbow Luminous (B) 4% 1% Raytheon Mfg new. 16'4 7% Reeves (Dan) (50c) 1 # Reiter-Foster. 6% 215 Reliable Store: 3% % Reliance Int Corp 2 % Reliance Management. 8% 1% Reybarn Co... 1% % Reynolds Investin 18% 10 Rice Stix DG (2). 4 % Richfield Oil Cal pf(l‘)u 1% Richmond Rad eV pf. ... % Roosevelt Field Inc. % Rossia International 9 Royal Typewriter. 26 Ruberoid Co (11% 4% Russeks Fifth Av-... . % Ryan Consolidated. .... 3 2% 50 Safety Car Ht&Lt (k3).. 1% St Regis Paper.......e1 20 St Regis Paper pf.....« 5'4 Salt Creek Prod 17% Schift Co (2) 17 Scovill Mfg ( % Seaboard Util . 40 Select Ind all efs(3%). . 403 Selecd Indus pf pf(315), 133 Selfridge Pr St(k9 3-5c) m Shattuck Den MiN s es 15% Shaw W & P (60¢) 10% Sheaffer Pen (W A) 1 Shenandoah Corp. 12 Shenandoah Corp pf. 47% Sherwin Willlams (3) Singer Mfg Co (114% Smith (A Q).. Sonotone Corp, SoAm G & Plat (k30c). x ¢ South Penn Oil (1.20).. 2: South’n Cal Ed pf(1%).x 2 % SouCal EAdpf A (1%).. 1 1 sau Cal Ed pf C (1%) Sou Colorado Pwr A. Sou NatGas....... 4 South’n Pipe Line(30c). Southland Royalty 20e Spanish & Gen ret Spleg-May-S ptf (6 Standard Brewing. . Stand Cap&Seal (12. !0). % Stand Invest cu pf...... Stand Oil Ky (1134) 134 Stand Pwr & Lt. 1% Stand Pwr & Lt 1 Stand Silver & Lead. , 4 Starrett Corp. “» Starrett Corp p! # Stein Cosmetics InC.ase 7% Stetson (J B) CHICAGO GRAIN By the Assoclated Press. CHICAGO, December 322.—Pros- pects of decided shrinkage of United States visible supply grain totals on Monday had a good deal to do today with making Board of Trade prices go higher. An excellent class of commission house buying developed at times in wheat and corn alike. Year-end bearish Influences were less in evi- dence than of late. Wheat closed firm, %a% above yes- terday's finish; May, 99a99'4; corn, 2 to 1 cent up; May, 87%a87}2; oats, %al% advanced, and provisions un- éhnnged to a rise of 20 cents. Grain range at principal tod: Dec. Wheat— Dec. wheat— High, markets Low. Close. Chicago, new Minneapolis. . Kansas City. W cago . Minneapolis.. 1.05% 3 Ci 963, Minneapolis. . Kansas City. Exchange. 4 . Dec. corn— Chicago. old. .90'3 Chicago. new .40 May corn— Chicago . Kansas City' Chicago. new Minneapolis. Winnipeg ... Ave Chicago Cash Market. ‘Wheat, no sales; corn, old, No. § yellow, 88; new, No. 3 mixed, 881; No 3 yellow, 88%a89(: No. 2 white, oats, No. 3 white, 54; No. 4 w ite, 54!2; no rye, buckwheat or soy beans; barley, 78a1.22; timothy seed, 16.50a17.50 cwt.; clover seed, 15.25822.00 cwt. MESTA MACHINE CO. VOTES TO PAY BONUS Special Dispatch to The Star. NEW YORK, December 22.—Di- rectors of Mesta Machine Co., manu- facturers of machinery for-steel mills, today voted to pay & Christmas bonus to salaried employes. All present employes who were on the salary lists at the beginning of this year will receive the equivalent of one month's salary, while those who have joined the company since January 1 will receive an amount pro- portionate to their length of service. During the year stockholders have received a 6635 per cent stock divi- dend and have benefited from two in- creases in cash dividends, BUSINESS MACHINES« LABORATORY OPENED Special Dispatch to The Star. ENDICOTT, N. Y., December 22.— Internations! Business Machines Corp.'s new engineering laboratory 20% High. Low. Close. Chge. 51 B1% + % 26 26 +6% X X X-% l'm 8% 8% 2 % 1% 183 %% 4% 20% 40% 3% % Technicolor Ine. . wewe s 3% Teck Hughes(40¢). . e0: 18 Texas Pw & Lt pf (7). 4% Texon Oll&Land(175¢). 44% 24 Thermoid Cocupt..... % Tob Prod Export (10¢c). men Low. _ Stocks and dividends. Hgh. Low. Clogs. o 1% Stinnes (Hugo). 2 2 1% Stuts Motor Car, # Sunray Oil. . 7% Sunsk ine M (+68¢) 2% Swan Finch Oil. . 23% Swift Intl (2). +1I++1 0+ % Tonopah Mining. 1% Trans Air Trans. 1% Trans-Lux DLPS (0c). 3 Tung-Sol Lamp. 17 Un Amer Invest. tis+i 10 5 Unit Lt & Pow pf. o 20 Unit Milk Prod pf (3). 3% Unit Molasses Ltd. % Unit Profit Sharing. 57% Unit Shoe Mach (4% x USEIl Pwr ww... % U S Finishing (r). k) Playing Crd (fl 75).x 33 S Radiator. . % Unit Verde Exten (lOC). Unit Wall Paper. . 5% Universal Insurance. % Utah Apex, . 3 3 | +++ LT =¥ 4 3 874 1% (REES 2N " Tl FEEEFFLE X P FIEFFES 1 * 3% 5 :++4I+|l+ + P d o 23 cash, or ‘tock, n stock. 8% 8 > ‘g B—dlvl&nfl. ++ 6% ELECTRON SCIENCE SCORES SHARP GAIN Former Radio Commissioner Sums Up Great rrqreu At- tained in 1934. 1% Special Dispatch to The Star, NEW YORK, December 22.—The new sciences of electron mechanics and electron optics, developed at first chiefly in connection with radio, made marked progress during 1934, with ex- tensions into new types of electronic and radio tubes, and with new ap- plications in many directions, declares Dr. Orestes Caldwell, former Federal radio commissioner. “Radio sets of higher fidelity in tone reproduction were produced in 1934, he says. “All metal tubes for radio and industrial use appeared on the American market during the year, re- placing the fragile glass envelopes of the past, with sturdy welded-metal ‘cans’ having increased heat-radiat- ing capacity, as well as great mechan- {cal durability. “The facsimile transmission of pic- tures, text, engravings, etc., over the air and over wires, has reached com- mercial realization in newspaper of- “Television with cathode-ray tubes has attained images of clarity, bril- liance and detail comparable in qual- ity to that of home movies. The re- ceiver problem in television seems practically solved; difficulties still lie ahead in the transmitter field, chiefly financial.” BOSTON WOOL TRADE SLOWER DURING WEEK By the Associated Press. BOSTON, December 22 (United States Department of Agriculture) — The Boston wool market was consid- eragly slower as a result of holiday infidences during the last week. In fleece wools, only fine Ohio delaine at 27-28 cents and French combing staple of the same grade at 23-24 cents in the grease had any appre- ciable demand. Lower grade. were quiet, but were quoted unchanged on strictly combing lines at 28-29 cents for 58s, 60s, one-half blood and 56s, three-eighths blood, and at 27-28 cents for 48s, 50s, one-quarter blood. The largest demand in Western grown Wools was on lines of bulk 64s grade at 68-73 cents scoured basis for grad- ed French combing territory wools and at mostly 65-70 cents for similar grades and classes of wools in original CLEARING HOUSE ISSUES REPORT AT NEW YORK By the Associated Press. NEW YORK, December 22.—The weekly statement of the New York Clearing House shows: Total surplus and undivided profits, $726,068,400 (unchanged); total net demand de- Posits (average), $103,560,000 (de- officers | crease) ; time deposits (average), $2,- C., and another in Dayton, Ohio. REORGANIZATION ASKED. NEW YORK, December 22 (7). 404,000 (decrease); clearings week ending today, $4,275,972,751; clear- ings week ending December 15, $3,- 305,305,988, REDISCOUNT RATE CUT. The Federal Reserve Board an- of Kansas City has established a re- discount rate of 2% per cent, effective December 21. Previously the rate was 3 per cent. e ——— SOTOI'IOPI.EAD!OI.D h. fa 1a n {ur—no nflu Tate. ”n 13% Utah P& L pt. 36 Utll Equities pt (‘*)u- IBk % Util & Industrial . 1% Utll & Ind pt. . 3 Venezuela Petroleum. .. 19 5 Waco Alrcraft. . 41, Waitt & Bond A. 21% Walker (Hiram) 147% Walker (Hiram) 14 Watson (J W) Co.. % Wenden Copper. 7% W Va Coal & Cok« 7 West Air Exp. 19 West Auto Sup A (14) 63% West Cartridge pf (6)., 85 Westvaco Chlor pt (7).. 11% Williams (RC) (1) 6% Wil-Low Cafe pf.. 11 Wilson Jones (k50c).... 24, Woodley Petrolm (20c). 221, Woolw'th FW Ltd k74c. 6% Wright Harg (160¢).. .. — T % % Yukon Gold. o + Dividend rates in dollars based on last quarterly n; semi- 1 stock. hl +++ 111+ 01+ 4+ Bis hglylble ' un ]Plul %% B 'fi" % in stock, r rl'fi. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., December 32.— Demand for Christmas turkeys is very good and the market holds firm under an advance of 3 cents & pound and all desirable live turkeys are cleaning up readily at full quotations. Young hens, 9 pounds and over, are bringing top prices of 35 and 26 cents a pound and young gobblers, 10 pounds and up, are selling mostly 20 to 24, but old hens and old toms move slow at 20 to 22. Demand for other poultry is fairly good, but values generally show little increase over last week with young chickens, 4 pounds and over, selling mostly 16 to 18 and smaller 15 and 16, but Leghorns will not bring over 13 and 14, and all poultry under two pounds is hard to place at 10 to 12. Old hens are in liberal receipt from all sections and values show a slight decline at 12 to 16 for fowl weighing 3% pounds and over and 11 to 12 for Leghorns, but poor, thin fowl as well as old roosters hard to place at 9 and 10. Ducks and geese in better de- mand and values a shade higher at 11 to 15 for the former and 14 to 18 for the latter, but stock under 4!, pounds generally neglected at 9 and 10. Guinea fowl also shows a decline at 40 cents each, but pigeons are un- changed at 15 a pair for both young and old. Egg Market Still Easy. The egg market continues easy and shows another decline at 26 to 28 cents a dozen for current receipts, with hennery whites selling mostly 26 to 30, but pullet eggs still continue slow sale at 24 and 25. Under only moderate receipts from all sections market for white potatoes holds steady at 75 to 80 per 100 pounds, but mixed, poorly graded stock Wwill not bring over 60 to 70. Sweets and yams steady and unchanged from last week at 50 to 60 a hamper and 1.00 to 1.15 bushel for the former and 2.00 to 2.50 a barrel for the latter. Receipts of native and nearby vege- tables light and market holds steady at the following quotations: Carrots, 150 to 2.00 per 100; kale, 35 to 50 bushel; Savoy cabbage, 30 to 40 bushel; spinach, 35 to 1.15 bushel and washed turnips, 25 to 35 hamper, Live Stock Trade Quiet. Market for live stock on the wharves very quiet owing to poultry demand for holidays and little demand is looked for until after the first of the year. Receipts are light but ample for trade wants. Quotations today at Light Street Wharf: Beef cattle, first quality, pound, 6agl2; common to medium 3a5; bulls, as to quality, 2a4; cows, choice to fancy, 3l2a4; common to fair, 2a3; oxen, as to quality, 2a4; calves, choice, 7a7'2; large, fat, heavy, 5586 large, rough, heavy, 5a5%; common, thin, 3}2a4';; sheep, 1%4a2; Spring lambs, choice, fat, 7a7l%; fair to good, 5!%2a6%; small, thin (not ;_hogs, straight, 6; sows, 5; stags, 3; live pigs, 9a10; shoats, 7a8. —_—— FIRM PAYS DIVIDENDS, EMPLOYES GET BONUS By the Associated Press. MEMPHIS, Tenn., December 22.— The William R. Moore Dry Goods Co, has declared a cash dividend to stock- holders of 10 per cent, amounting to $225,000, and a stock dividend for an equal amount and thrown in a bonus of $27,000 as a Christmas present to employes. The stock and cash divi- dends were in addition to the regular 6 per cent dividend payable quarterly during 1934. nw YORK PRODUCE. Y December 22 (P.—Eggs, ll-‘l!o flm. 'l\lrkg; 10';7 other express: Turkeys. 20-30. mx ex- unchani “‘I\olfltry jrregular, All fresh £ mE aeen g S i - 89,915, fym and unehansed.