Evening Star Newspaper, December 31, 1934, Page 18

B—6 *¥# CLEARINGS RISE §120.230,%%6 HERE) Report for 1934 Reflects Marked Upturn Here Dur- ing Past Year. BY EDWARD C. STONE. Bank clearings in the National Cap- ital scored a substantial gain of more than $120,000,000 in 1934, compared with 1933. The final figures reported this noon by the Washington Clearing House Association, Charles E: Bright, man- ager, showed total clearings 1or the 12 months amounting to $738,690,669.47, in comparison with a total of $618,- 459,712.70 in the like period last year, or an increase of exactly $120,230, 956.77. December clearings, also reported today, presented a total of $70,339,- 94390, as compared with the much smaller figure of $57,282,201.40 in De- cember, 1933, thus making an excellent gain of $13,057,742.50. As a business barometer the $120,- 000,000 improvement over last year shows the real progress attained here during the past 12 months. The De- cember gain clearly reflects the great upswing in retail trade noted during the holiday season, when so many store managers reported the best business in the past five years. Bankers pointed out today that De- cember business was probably even better than the total in canceled checks pictured. The new uniform bank service changes have caused a reduction in the total number of checks drawn on the banks here. This resulted in the use of more cash in Christmas shopping than was the case a year ago. How much dif- ference cannot be stated. Clearings reported by the Washing- ton Clear House Association for the full year 1934 compare as follows with the corresponding months in 1933. 1934. 1933. ..$55,737,297 $72,567,289 49,091,824 61,012.252 62,204,874 32,644,937 61.297.334 38,960,517 61.662.074 .40,453,198 66,669,995 56,487,657 63.082,328 51,328,169 59,433,291 45,405,937 58,351.954 49,971,241 67,484,711 57,625,740 November .... 63,329,938 54,720,559 January February March April . May June . July .. August September . October .. December 70,339,943 57,282,201 January Upswing Forecast. Business volumes in January should be larger than a year ago in almost all lines, says the United Business Service in its current report. Improve- ment in consumer industries will be maintained. owing to larger industrial pay rolls, large-scale Government re- lief expenditures, higher dividend dis- bursements, and the favorable level of farm buying power. The outlook for the heavy industries varies considerably, according to the United Service. The best results over the near term are expected in auto- mofive lines, agriculture equipment, building, machinery and office equip- ment. The course of business beyond Jan- uary will depend to a great extent on pronouncements from the administra- tion and the legislation which the new Congress enacts. It must be remem- bered that decisions regarding codifi- cation of industry, labor relations (the “truce” is still on), housing, relief, public works, unemployment insur- ance, the soldiers’ bonus, and many other matters must be made. Congressional debates on these sub- jects will probably blow sentiment al- ternately hot and cold during the com- ing months, but a “middle course” policy is likely to be adopted on most issues. Confidence is therefore ex- pected to be fairly well maintained. Barney Offices Are Moved. ‘The Washington offices of Charles D. Barney & Co, New York Stock Exchange firm, opened for business today in their new location in the Shoreham Building, having made the shift over Sunday from their former headquarters in the Washington Building. Business was moving along smoothly in the new surroundings. The next broker office move in this city takes place Wednesday, when the consolidation of Harriman & Keech goes into effect and the two Wash- ington offices will operate under one roof at the Harriman Fifteenth street Yocation. The extensive changes in this office are nearly completed, in- cluding the installation of the electric quotation board. Washington brokers in general are hopeful for 1935 but are not making many predictions. One of the most vital factors in the securities picture is the manner in which the Security and Exchange Commission carries out its work. The amount of idle money awaiting investment may give the big securities markets a great deal of added activity, brokers state. Final Exchange Trading. ‘The final trading for 1934 on the Washington Stock Exchange took placs today, with very few changes in quotations. Capital Traction bonds closed the year at 90. Washington Gas 5s, 1958, appeared on the board in a $1,000 transfer at 100%:. Potomac Electric Power 6 per cent preferred wound up 1934 with a small sale at 1101, while the 5! per cent preferred moved at 110%. Capital Transit Co. stock ended the year's transactions with a 25- share turnover at 26. _— NEW YORK BANK STOCKS NEW YORK. December 31 (P .—New York Security Dealers’ Association (Quotations as of 11 o'clock.) BANKS. Manhattan (2) ... Chase (1407 National City (1) Commercial FOrE National (100) Public (1'2) TRUST COMPANIES. Bankers (3) Brooklyn Trust (4) Central Hanover (7*) Chemical (1.80) Continental (.X0) Corn Exchange (3) Empire (1) . Guaranty (2 Irving (1) New York Title & Mtg New York Trust (5) Title Guaranty & Trust Lawyers County *Includes extra. FEDERAL LAND BANKS W YORK. December 31 (P.—Federal Land Bang bo munuuam as of 2 o'clock.) bbb b 1 CHICAGO LIVE STOCK. CHICAGO. December 31 (#.—Hog prices zose to a new high on the present move- nt today. touching $7.35 in early deal- 'rhe “market was active and 10 to higher than Saturday. light g owing the most strensth. The sales 7 steady et‘v "S cents higher and Previous 1lh 14 160% 130 23% 152% 33% 56% 125 26% 92 448 129% 4 125% 85% 89 FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE P Stocks and Low. Dividend Rate. 6 Adams Express 16 Adams Millis (2 6% Addressograph 4% Affiliated Prod(60c) 91% Air Reduct'n t4%.. 1% Airway Elec Appli.. 16% Alaska Jun (11.20). 1% Alleg Corp (k).. 4% Alleg Cp w330w (k). 4 Alleg Cp wi40w (k) 3% Alleg Cp xw (K)...o 115% Allhied Chem (6) . 122% Allied Chem pf (7). 10% Allis-Chalmers. ... 11% Alpha Por Cem 25e. x 2% Amal Leather...... 39 Amerada Corp (2).. 25% Am Ag Chem Del(2) 11% Am Bank Not 19% Am Brake Shoe 0% Am Can (15). 126% Am Can pf (7). 12 Am Car & Foundry. 82 Am Car & Found Dl. 4% Am Chain..... . 19 Am Chain pt. 46% Am Chicle (13%)... 0% Am Comel Alcohol.. 6% Am Crystal Sugar.. 1% Am Encaustic...... 4 Am European Sec... 3% Am & Foreign Pwr., 11 Am & For Pw pf (6) 11% A & For Pw pf (7) 6% Am & For Pw 2d pf. 17% Am Hide & Leath pf 26% Am Home Prod 2.40. 3 Am Ice Co... . 25% Am Ice pf (6). 4% Am International. % Am La France (k).. 3% Am La Fran pf (k). 141 Am Locomotive. ... 36% Am Locomotive pf.. 12% Am Mch & Fdy (1).. 3% Am Mach & Metals.. 4% Am Mach & Met ctf. 12% Am Metals. 63 Am Metals p 8 Am Power & Light. 914 Am P&L $5 pt (1%) 11% Am P&L $6 pf (13) 10 Am Radiator.. . 131 Am Rolling Mills 36 Am Safety Razor(4) % Am Ship & Com.... 17% Am Shipbldg (2)... 304 Am Smelt & Ref.... T1% Am Sm&Ret 6% pf. 100 Am Sm&Ref pf (7). 48% Am Snuff (13%). 10% Am Steel Found: 59% Am Stl Fdry pf (2). 37 Am Stores (12%).. 103% Am Sug pf (7). .- 13% Am Sum Tob ('l ‘A) 100's Am Tel & Tel (9)... 65% Am Tobacco (5). 67 Am Tobacco B (5).. 130% 107% Am Tobacco pf (6).: =T 80 1T% 835 4% 1T4% 9 17% 243 39% 103 6% Tl 18% 89 6474 8% 544 24 85% 55% 10v% 16% 5% 16% 65 10% 12% Am Water Wks (1), 54 Am Wat W 1st (6).. 7 Am Woolen 36 Am Wool pt (h2%). 1 Am Writ Paper (k). 2% Am Writ Pap pf (k) 3% Am Zinc & Lead.... 10 Anaconda Copper. 13% Anchor Cap (60c)... 26% Archer-Dan (113).. 76% Armour Del pf (7).. %y Armour of Illinois. . 46% Armour 1l pr pt (6) T4 Asso Dry Goods. ... 46 Asso Dry G 1st pf. 36 AssoDry G2dpf... 45% Atch To& S F (h2). 24% Atlantic Coast Line. 7% Atl Gulf & W Ind p! 213 Atlantic Ref (1). 85% Atlas Powder (2) 83 Atlas Powder pf (6) 5% Atlas Tack. 16} Auburn Auto 7 Austin Nichols, 3914 Austin Nich pf A(5) 3% Aviation Corp Del.. ——— 16 64% 341 3% 4% Baldwin Loco. ... 16% Baldwin Loco pf. 12% Baltimore & Ohio.. 15 Baltimore & Ohio pf 853 Bang & Arros (2%4). 16% Barker Brethers pf. 57 Barnsdall Corp..... 23 Bayuk Cigar (g1).. 10% Beatrice Creamery.. 8% Belding-Hem (h50¢) 9%, Bendix Aviation.... 12% Beneficial Loan 1%. 26 Best&Co (1%).... 2414 Bethlehem Steel.... 19% Bigelow-San (hl)... 44% Bohn Alumn& Br(3) 76 Bon Ami (A) (15).. 19% Borden Co (1.60)... 16} Borg Warner(t113%) 5% Boston & Maine.... 7% Botany Mines A (k) Briggs Mfg (11%).. Briggs&Straton (2) Bristol-Myers 12.40 Bklyn Union 5) Brown Shoe (3). Brunswick-Balke. ri 6 Bucyrus-Eriecv pf. 50 Bucyrus-Erie pf (2) 3 Budd (EG) Mfg.. 16 Budd (EG) Mfg pt. 2 Budd Wheel. 5% Bullard Co. 27 Bulova Watch. 4 BurnsBrospf...... 10% Burr Add M (nttac) 5% Bush Tr Bldg pf ct 1% Butterick Co. 13% Byers (A M).. 18% California Pkg(1%) % Callahan Zinc... 6 Campbell-Wyant... 12% Canada Dry G A (1) x 10% Canadian Pacific. .. 28 Cannon Mills (2)... 5% Capital Admin (A). 3, Case(J1)Co...... 23 Caterpillar Tr t1%.. 17% Celanese Corp. 1 Celotex vtc (& 61 Celotex Zo pf (k). 18% Cent Aguire (1%). 514 Century Rio Mills. . 30% Cerro de Pasco (2).. 31 Certain-teed Prod.. 17% Certain-teed pf.... 3915 Ches & Oh1o (2.80). 34 Ches-Corp (2%).... 2 ChiMil St P& Pac.. 8% Chi Mil St P &P pf.. 3% Chi & Northwestern 6% Chi & Northwest pf. 3% Chi Pneumatic Tool 14% Chi Pneu Tool pf... 1% Chi R 1 & Pac (k)... 2 CR1&P6% pof (k) % CR1&P 7% pf tk). 19% Chickasha CO (2).. 3% ChildsCo......... 29% Chrysler Corp t1 " . 17% City Ice & Fuel (2). 1% City Stores (k). ... % City Stores ctfs (k). 95% Coca-Cola (17).. 50% Coca-Cola (A)(3)... 9% Colg: P (175¢). 6814 Colg-Palm-P pf (6) 10 Collins & Aixman.. 74 Collins & Afk p£(7). 3% Coto Fuel & iron(k) 10% Colo Fuel & Ir pf (k) Cole & Sou 1st pf... 6% Col Gas & Elec. . 52 ColG&ElpfA (6). 21% Colum Pic vte(ml). 58 . Celum Carb (13.60). 18% Comcl Credit (2). 38 Comcl Credit(A)(3) 231% Comcl Cred pf (1%) 91% Comcl C 1st pf(63%) 24 Comel Credit(B)(2) 36% Comecl Inv Tr(12%) 91 Comcl Inv cv pf(e6) #5% Comcl Solv (60¢c). 1 Comwlith & South. 21% Comwith & S pf (6). 22 Congoleum-N (t3) 5% Consol Cigar 1% Consol Film.. 10% Consol Film pf (§2). 184 Consol Gas N Y (1). 71 ConsobGas pf (5) T% Consol Oll (h4zZe). 2% Consol R R Cuba pf. 14 Consol Textile. . 6% Container Corp (A). 2% Container Corp (B). 5% Contl Baking (A)... 7% Contl Baking (B). 56% Contl Can (2.40) 6 Contl Diamond Fib. 23% Contl Insur (11.35). 2 50 e A«oo lflh unv o o - o -3 - aa - - » S - [ marSrenreroamNinrBrrsanabeenBa Soarna L . seANNTNARILS® M NN 0@ I T B0 N OV i 1 10 00 1 € €3 I i O 00 00 55 1 i et B NS 1 0F 1 0 100 O bt et 10 1 5 1 030D 1 b O 1S RS 22% 51 R4le 150% 9% 6% 1% 36% 44% 4 114 28% 1% 103% 125 107 116% 147 22% 31% 110 % 9% 21 52 1% 3% 63 8% 24% 24% 14% 27% > o - F x LIEFISFESE ¥ FEFIFEF ¥ 12 18 ki3 B I o I I e S e S A ot *E L 44 FEE § FFEFEEE 358 ¥F 4% 11% 43% 28% 14% 108% 10% 12 33 5915 125% 25% 12% 367% 1% s 18 42 109 6% 21 96 4b% 3% 23% 19 48'3 At Vbt ]+ e L3 FEFIE S sERrE FEEE FE ¥ + Ed P4+t 4+ FEEE F FEFRFF ¥ 4+ T t++ 14414441441 SEFEFFITSEESTEST 6% 2% 24 26% ¥ 508 45% 17% 16% 10 P o 66, 7 19% 27% 10% 13% 3T% 41 20 Stocks and Received by Private Wire Direct to The Evening Star. llln— Divide..d Rate. MIM High. Low. ChlI.Chl‘- % Contl Motors...... 15% Contl O Del (h50¢). 40% Corn Ex Bk & Tr(3) 55% Corn Prod Ref (3).. 135 Corn Products pf(7) 3% Coty Inec.. . 28 Cream of 8 Crosley Radio...... 18% Crown Cork & S (1) 35% Crown C&S pf(2.70) 47 Crown WP 1st pf(4) 3% Crown-Zellerback. . 17 Crucible Steel...... 44 Crucible Steel pf. 3's Cuban-Am Sugar... 20% Cuban-Am Sugar pf 37 Cudahy Pkg (2%).. 13% Curtis-Publishing. . 431 Curtis Pub pf (§6 2% Curtiss Wright. 5% Curtiss Wright 11 Cutler Hammer.... 10% Deere & Co 10% Deere & Co pf (mc) 35 Delaware & Hudson 14 Del Lack & West... 631% Detroit Edison (4).: 29 Devoe & R (A)(12).. 21 Diamond Match (1), 32 Dome Mines (1333). 11 Dominion Strs(1.20) 14% Douglas Afrcraft... 5% Dresser Mfg (B). 80 Dupontde N (13%). 115 Du Pont deb (6).... 90 Duquesne Lt 1st (5) 79 Eastman K (14%).. 120 Eastman Kod pf(6) 12% Eaton Mfg (1).... 15 Electric Auto Lite. . 80 Elec Auto Lite pf 7. 3 Electric Boat.. %% Elec Pwr & Light... 6% Elec Pwr&Lt $7 of. 34 Elec Stor Bat (2%). % Elk Horn Coal (k). . 1 Elk Horn Coal pf(k) 45 Endicott-John (3).. 2 Engineers Pub Sve. 11 Eng P S $5.50 pf ww 9w ErieRR... 7 Eureka Vac ci me). 9 Evans Auto P(50¢). —— 3% Fairbanks Co pf 7 Fairbanks-Mors Fairbanks-Mrs pf Fed Lt & Trac. .'Mv. Fed Lt&Trac pf(6). 274 Fed Motor Truck. 2 Fed Screw Works 1 Fed Water Sve (A).. 23% Fid Ph F Ins($1.35) 13% Firestone (40c).... 71 Firestone pf A( 6).. 53 First Nat Strs(2%) 2 Follansbee Bros (k) 814 Foster-Wheeler. ... 55 Foster-Wheeler pf. 17% Fourth N Inv(h85c) 8% Fox Film (A)...... 20 Franklin Simon pf.. 21% Freeport-Texas (2) 5 Fuller Co 2d pf. 1% Gabriel Co (A). 5% Gen Am Investor: 30 GenAm ’X’rlns(l%) 12 Gen Asphalt 6 Gen Baking IhG§c). 100 Gen Baking pf (8).. 5 Gen Bronze.. 4% Gen Cable (A) 14% Gen Cable pf. 27 Gen Cigar (17). 97 Gen Cigar pf (7 16% Gen Electric (60c! 11 Gen Elec Spe (60c). 28 Gen Foods (1.80). % Gen Gas & El (A) 51 Gen Mills (3).. 103 Gen Mills pf (6).... 24% Gen Motors (11%). 89% Gen Motors pf (5).. 31 Gen OQutdoors Adv. . 8% Gen Outdoors AdvA 731 Gen Prtg Ink pf (6) 23% Gen Ry Signal (1).. 1 Gen Realty & Util.., 10% Gen Refractorie: 10 Gen Refracctfs 17% Gen Stl Casting pf.. 814 Gillett Saf Raz (1). 2% Gimbel Bros. . 15% Glidden Co (11.30 83 Glidden Co pr pf (7) 3% Gobel (Adolf)...... 16 Gold Dust (1.20).... 96% Gold Dust pf (6). % Goodrich (BF).. 35% Goodrich (B F) pf.. 181 Goodyear T & Rub.. 64 Goodyear $7 pf (4) 1% Graham-Paig 4 Granby Consol. 4 Grand Union. 23 Grand Union p! (l)‘ 28 Grant (WT) (1)... 12Y% Great Northern pf.. 81 Grt Nor Oreg(h50c) 25 Grt West Sug(2.40) % Guantanamo Sugar. 12 Gulf Mobile&N pf.. 3% Hahn Dept Stores. . 84 Hanna (M A) pf (7) 13 Harb Walker (50¢). 87 Harbison & W pf(6) 1% Hat Corp (A 1% Hayes Body 74 Harel Atlas GI (5). 59 Hercules Pw ('3’4) 111 Hercules P pf (7).. 481 Hershey Choc (3) 83 Hershey C pf (15). 4% Holland Furnace. 5% Holland & Son (502) 11 Houd-Hersh A §2%; . 2% Houdaflle-Hersh B. 21 Houston Oil (new). 351 Howe Sound (3). 4 Hudson Manhat 9 Hudson&Manhat pf 6% Hudson Mator Car.. 1% Hupp Motors. ..... —— 13% Illinols Central..... 19% Indus Rayon (1.68). 49% Ingersoll-Rand (14) 34% Inland Steel (h50c). 21 Insur-Sh et Md(10¢) 5% Interbors RpTrik). 21 Intercontl Rubber.. 4 Interlake Iron. . 2 Int Agriculture 15 Int Agriculture 131 Int Bus Mach (p§>.. 4% Int-Carriers Ltd 20¢ 18% Int Cement (h25¢). 23% Int Harvester (60c) 2% Int Hydro Elec (A). 21 Int Nick Can (€0c). 2 Int Paper & Pw (A) % Int Paper & Pw (C). 8% Int Paper & Pw pf.. 9 Int Print Ink h50c. . 2 Int Rysof Cent Am 38 Int Shoe (2). Int Silver 31 Interstate De 5% Intertype Corp. 39 Johns-Manville.... 45 Jones&Laugh 7%pf —eee 644 Kans City Southern 10% Kans City South pf. 6 KaufmannDeptSé0e 13% Kayser(J)&Co h50c 20 Keith-Albee-Orp pt 1 Kelly Spring Tire.. 5 Kelly Sp Tire 6% pf 11% Kelvinator (170c).. 16 Kennecott (h45c) 3 Kinney (G R) Co 181% Kinney (G.R) pf. 13% Kresge (SS) (1). 86 Kress (SH)(f1)... 3% Kroger Gr&Bk 1.60. 27 Laclede Gas pf 22% Lambert Co (3) 5 Lane Bryant. 15% Lima Locomotive. . 16% Liquid Carb (11%). 20% Loew’s Inc (f1%).. d flno)- 60 Ludlum Stl p: —_— 32 121 125 8% + 34 8 - 24 McCall Corp (2).... 1% MecCrory Strs A (k) 1% McCrory Strs B (k). - l 108 o - S o - kR—heareraand slnsvvsonslofuanelun R 148% 6% T el 18% 18% 43 43 €6% 65% 148% 6% 36% T+ 18% + % 43 +1 664 — % 148% — % 6% + U 364 + % 13% - % 26% - W 43% 41 P4+ 0+ 0+t & sF¥sey verx’ #¥ » ¥ EPPERR FEEE + i+t £ E8E 4410 - £F FE5E FHILLN L ++44+ 4 EFFLFISEFS T [} I+l;+¢+|+++l } PEEFE PFEEFE 28% + % 284 4 1% | 2% + % 9% 1% + % 15% + % 2% 10% — % T1% + % uu+ % Previous ~— 1034 — High. Low. . 4 McGraw Hill Pub. . 381 McIntyre Porcu (2). 79 McKeesport T P (4) 4% McKesson & Rob... 11% McKesson & Rob pf. 1 McLellan Stores (k) 22 Mack Truck (1). 85% Macy (R H)& Co(2) 2% Madison 8q Garden, 15% Magma Copper (2).. 1% 1ison & Co....00 % Manati Sugar (k). 3 Mandel Bro: vee 10% Man Elevm g (k)... 4% Marancha Corp..,. 5% Marine Midld (40c). 17 Marlin-Rockwell(2) 8% Marshall Field..... 23% Mathieson Alk(134) 30 May Dept Str (1.60). 4% Maytag Co 10 Maytag pt % 49 Maytag 1st pf (6) 26 Melville Shoe (2). 3% Mengel Co...... 20% Mesta Mach (1%) 2% Miami Copper..... 91 Mid-Cont Pet(h50c) 61% Midland Steel Prod. 44 Mid Stl P 1st pf (4). 1% Minn Moline Pow . 15% Minn Moline Pow pt - IO N O D RO M s » oS - PAAARHNERNN RN A DAISE WON 1% Mo Pacific (k). 2% Mo Pacific nf (k). 12% Mohawk C M (h25¢ 39 Monsanto C (1% ). 20 Montgomery Ward. % Mother Lode e 15% Motor Product: 6% Motor Wheel 54 Mullins Mfg 12% Mullins Mfg pf 3% Murray Corp % 12% Nash Motors (1) 19% Nash Chat & St 3% Nat Acme Co 5% Nat Aviation 3% Nat Bellas H 26% Nat Biscuit (2).... 12 I\‘l Cash Reg A 50c 13 Dairy Prod 1.20 1 Nat Dept Store (k). 5 Nat Dp St 1st pf (k) 16 Nat Distillers (50c) 6% Nat Pwr & Lt (80c). % Nat Ry Mex 1st pt % Nat Ry Mex 2d pf. 34% Nat Steel (1).. 10 Nat Supply Co at Tea (60c). . 17 Newberry (JJ)(1). 5% Newport Industries 11% N Y Alr Brake 18% New York Central % 16 NYC&StLpf... 108 N Y & Harlem (5).. % N Y Investors (k).. 6 NYNH & Hartford 10 NYNH&HDp!.... 4% N Y Ontario & West 9% N Y Shipbldg (48c). 90 N Y Steam 18t (7) 30% Noranda Mines (h2 82 Norf & West pf (4). 2% North Am Aviation. 10% North Amer (1).... 34 North Am Co pf (3) 47% North Am Ed pf (6) 14% Northern Pacific. .. 8% Ohio O1l (hd5e)... 2 Oliver Farm Equip. 9 Oliver FEqprof A. 5% Oppenheim Collins. 123 Otis Elevator (60c). 108 92 Otis Elev pf (6) X 3% Otis Steel. .. 25 9 Otis Steel pr % Outlet Co ( %) 1% ific Coast....... 12% PacificG& E (1%). 20% Pacific Lighting (3) 19 Pacific Mills (h50c) 69 Pacific Tel & Tel (6) §'% Pac W'n Oil (h40c). 2% Packard Motor. . 1% Par-Publix clfl(l). 214 Park Utah. 1 Parmelee Transpo 13 Pathe Exchange. 10% Pathe Exchange(A) 4% Patino Mines...... 1 Peerless Motor..... 44% Pennick & Ford (3). 51% Penney (J C) t4.40. 2% Penn Dixie Cement. 12% Penn-Dixie C pf(A) 20% Penn R R (h1) 21 Peoples Drug S (13) 19% Peoples Gas Chi . 9% Pet Milk (1).... 8% Petrol Corp (h50¢). 13% Phelps Dodge(h75c) 24% Phila Co $6 pf (3)... 3% Phila& Read C & 11% Philip Morris (1). 13% Phillips Petrol (1).- % Plerce-Arrow (K)... 4% Pierce Oil pf.. 181 Pillsbury Flour1.60. 70% Pirelli Co(A) (h4%) 415 Pitts Screw & Bolt. 25% Pitts United C pf. 1% Pittston Co.... 7% Plymouth Oil g75¢.. 6 Poor &Co (B).. 1 Port Ric Am Tob 10% Postal Tel & Ca pf.. 1% Pressed Stl Car (k). 334 Proc & Gamb 11.70. 25 Pub Serv N J (2.80), 67 PubServ NJpt (5). 87% PubServ N J pf (7). 35% Pullman Inc (3).... 614 Pure Oil. . 49 Pure Oil pf. ¥% Purity Bakeries (1) " - - G SN AN AANE O NANENH NN G ADS BN - Sa e 09% 14% 80 19% 9 Sa EX 9% 554 46 4% 4% Radio Corporation. . 23% Radio Corp pf (A).. 15 Radio Corp pf (B).. 1% Radio-Keith-Or (k) T4% R R Sec Il Central. 5 Real Silk Hosiery.. 6 Remington-Rand. .. 32% Remington-R 1st pf 30 -Rem Rand 2d pf 2 Reo Motor Car. 10'% Republic Steel... 33% Republic Steel pf. . 391, Republic Steel pf ct 5 Revere Copper 46 Revere Cop & Br pf. 15 Reynolds Metals(1) 39% Reynolds Tob B (3). 57 38% Safeway Stores (3). 9814 Safeway Strs pf (7) 15Y% St Joseph L (h30c). 1% St L San Fran (k) 1% St L San F pf (k 8 St Louis Southw’ 5% SavagelArm 17% Schenley Distill 2T 4% 6% 20 124 8% 60 25% Previous — 1934 — High. Net Low. Close. Chss. 8! 8% * F OFEEFER F FEPF FEEEF 140 FEF OFF 17 17 Y - »® 14441 4++ + FELEFES 10% 13% 9% 47 4% 3 5% 2% P+t tll +11 FEe - = FhE AL b EREFSEEEETE F8 s | 140 4 24 5% 1% 31% 12% 36% 5% 26 % 22% 33% 59% ™% 27% HARBORD CHEERED BY UNITED FRONT R. C. A. Chairman Sees General Determination to Co-operate in Recovery Drive. The general determination to ad- vance is one of the most encuunml signs to be seen in the present business situation, says Gen. J. G. Harbord, chairman of the board, Radio Cor- ! poration of America. “It reflects a spirit that '1s valuable military. This spirit needs also a willingness to co-operate behind a In that, too, the country has listeners, duced receiving sets and tubes of 118 100 Sun Oil pf (6). Slock n‘l\u 5% in FINANCIAL. 2:30 o.m. Stocksand Sales— Low. Dividend Rate Add 00. mm 3 Schulte Retail Strs. 1 16 Schulte Re Strspf. 30s 41 Scott Paper (11.95). 10s % Seaboard Air L (k). 1 20% Seab’d Oil(Del)(t1) 6 81 Sears Roebuck.....\ 12 32 Sec Nat Inv pf (J2). 60s 4% Servel Inc......... 36 5% Sharon Steel Hoop. 2 4 Sharp & Dohme 3 6% Shattuck (FG) 25¢ 19 Shell Transp't hsc. 6 Shell Union Ofl..... 57 Shell Unlon Oil pf.. 8 Silver King C M 40¢ 834 Simmons Co....... 7% Simms Pet (h56c).. 514 Skelly Oil pf ww... 15 Sloss-Sheffield . 18% Sloss-Sheffield pt 6% Snider Packing 12% Socony-Vac (60 86 SolvAmpf ww5%. 9% 20 So Por Rico Sug (2). 10% South Cal Ed (1%). 14% Southern Pacific 11% Southern Railway.. 14 Southern Rwy pf... 2% Sparks-Withington 5% Sperry Corp (25¢).. 21% Spicer Mfg pf (3).. 19 Spiegel-May-Stern. 17% Stand Brands (1).. 147 121Y% Stand Brands pf (7) 3% Stand Gas & Elec... 4% Stand G & E1 4% pf 13% Stand G & E1 7% pf. 7 Stand Invest Corp. . 26% Stand Oil of Cal (1) 9614 Stand Oil Exp pf(5) 23% Stand Oil of Ind (1) 39y Stand OII N J(11%) 47% Sterling Prod(3.80). 1% Sterling Secur (A). 3 Sterling Secur pt. 4% Stewart-Warner. 3% Stone & Webster 1% Studebaker (k) 10 Studebaker pf ( 51% Sun Ol (31). ooy - MR ANNNDO N0 ° S & 1% Superior Oil. 3% Sweets Co of Am % Symington. .. 3% Tennessee Corp.... 19% Texas Corp (1)..... 30 Tex Gulf Sulph (2). 2% Tex Pac Coal & Oil.. 6% Tex Pac Land Trust 2% Thermoid Co. 4% Thomp'n(JR 10 Thompson Products 1% Thompson Starrett. 8 Tide Water Asso... 64% Tide W A pf (J8%). 80 Tide Wat Oil pf (5). 3% Timken-Detroit. ... 24 TimkenR B (t1%). 6% Transamerica h25c. 3 Tri-Contl Corp..... 33 Trico Prod (2%)... 1% Truax-Traer Coal... 3% Truscon Steel. . 6 TwinCity R T p! - e 8 WD - - &0 e T30 00 B e 85 60 b - s 36 Und-Ell-Fisher (2). 356% Un Carbide & C 1.40 11 Un Ofl of Calif (1). 90 Union Pacific (6)... 1% Union Pacific pf (4) 16% Un Tank Car (1.20). 8% United Aircraft.... 3% United Air Lines&T 21% Unit Biscuit(1.60).. 85 United Carb (2.40). 2% United Corporation. 21% United Corp pf (3) 9% United Drug. 33 United Elec C 69 United Fruit (3). 11% Unit Gas Imp (1.20) 4 Unit Piece Dye Wks 6 US&For'n Secur.. 11 USFreight (1).... 34% U S Gypsum (11%). 1 N D 1002 0000 00 e R NN O OC 3 1O O e I N 1S 1D » 32 U S Indus Alcohol. . 7 US Leather (A)... 15% U S Pipe & F (50c).. 4 USRealty & Impr. 11 U S Rubber 244 U S Rubber 96% U S Smelt & R (h9) 29% United States Steel. 67% U S Steel pf (2).... 99 U S Tobaceo (17%) 2% United Stores (A).. 112% Unv Leaf Tob pf(8) % Univ Pipe & Rad. .. 4% Univ Pipe & Rad pf. 1% Util Pwr & Lt (A).. 3 o S ©w wEN % Vadsco Sales Corp.. 14 Vanadium Corp.... 4% Van Raalte 24% Vick Chem 1% Va-Car Chemical. . .. 10 Va-Car Chem 6% pf 52 Vulcan Detin (h3).. EITTI Y » 13 & 2% Wabash pf (A) (k). 4 Waldorf Sys (h20¢) 17% Walgreen Co (m1). 2% Walworth Co. . 1% Ward Baking (B).. 2% Warner Bros Pic... 15 Warner Bros Pic pf. 1 Warner-Quinlan... 3% Warren Bros 8 Warren Bros 13% Warren Fdv&P ( ‘7. 3 Webster Eisenlohr. 15% Wesson O & S (11). 51% West Pa Elec pf (7) T4 Western Maryland. 2% Western Pacific.... 4% Western Pacific pf. 294 Western Union. ... 15% Westingh'se AB 50¢ 27% Westinghouse Elec. 6 Weston Elec Inst... 1474 Westvaco Chi (40¢) 11'4 Wheeling Steel 15 White Motor. . 2 Wileox O!1 & Ga: 27%4 Wilcox Rich A(2¥~) 4% Wilson & Co... 12% Wilson & Co (A)... 53 Wilson & Co pf (j7) 41% Woolworth (2.40).. ) » - 3 I i 0000 e 19 Lo SN 00 00 0o b N @ N I b X b 00 b b By o [ 2% Yellow Truck...... 13 Young Sp&W(t1%) 12% Youngstown S& T.. 34 Ygst'n S&T pfA5% 3% Zonite Products. .. M © wohea 4 . 270,000 12:00 Noon. 2:00 P.M. Dividend rates as siven in th a0t e above table are declarations. s Unit of tradt onin .m{l lg ng Ile‘ll. than 100 shares t Partly ext stock. Pl on the latest quarterly or ar rats. pan: . m Pl "Ctock. stock. x dena® L 20% AR 0+ P EEEs +1 1040 E B} (B .’f:f PEE ¥ * FIEF FEEF + % + % + % + % +1% 0% 4% 4+ % Suu of Stocks on the New York Exchange. 450,000 740,000 annuaj -yearly 3 Pl hhnbh hl Plus$!] la.el —— 1 in ll Dnlt ':5 uPllll Ol n more advanced design, improved its transoceanic and marine radio-tele- graph services, and instituted a do- mestic radio-telegraph service between several of the larger cities in the United States.” CHICAGO PRODUCE. CHICAGO, December 31 (#).—Poultry, live, 3 cars, 31 trucks; quiet; hens, 4!z nds 16; under 4% pounds horn :fem 113 Rock ' Springs ruud turkeys quiet: young toms. 26%: ‘1‘};" 15 Joung hens, 2515 o1d, 35 No. 3. Butter, greamery, spe- ext s o1, X afois ‘.!R‘. frste in any campaign, whether economic or CARBON BLACK ACTIVE. NEW YORK, December 31 (#).— ‘There has been a -sustained de- mand for carbon during the last few months. Some consuming industries increased their takings in| December. 4 INSURANCE STOCKS GO SHARPLY HIGHER IN 1934 Special Dispatch to The Star. NEW YORK, December 31.—Hold- ers of insurance stocks can look back on 1934 with much satisfaction. A combination of excellent underwriting results and rising liquidating values provided the background for one of the best market performances by insur- ance stocks in recent years. average of 20 representative issues, consisting of 15 fire insurance stocks, 3 casualty stocks and 2 life insurance stocks, shows an appreciation of over 41 per cent for the year. This compares with an appreciation crease in price at this time would have an advesse effect on business. DAIREN HAS BOOM. Dairen, Manchoukuo, is enjoying a building boom. The Hoit, Rose & Troster weighted , |STOCKS IRREGULAR AT HIGHER LEVELS Late Tone Fairly Firn. Many Small Gains Are Registered. BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, December 31—Stock market prices were inclined to move slightly higher in the final trading session of 1934 today. Dealings were moderately active. The late tone was fairly firm, with advances of fractions to around a point prevailing in Con- solidate Gas, American Telephone, United States Steel, Bethlehem, Gen- eral Motors and Case. Transfers ap- proximated 950,000 shares. Advances of about % to 1 point appeared in American Telephone, Consolidated Gas, Public Service of N. J., Du Pont, Celanese, Radio pre- ferred A, Borg Warner, Schenley and a few others. In cash transactions, indicating further year-end dealings for tax and other purposes, Coca Cola rose 2 points and U. S. Smelting, 3. U. S. Steel and General Motors were about steady. Rails eased fractionally here and there and American Can lost & major fraction. Utilities gen- erally were firm. Consolidated Gas was actively bought for a time, as the market seemed to be impressed with the possibility that its proposal of inaugurating the “Washington plan” of rate reduction might bring a truce, but Mayor LaGuardia said he was “not impressed.” Brightest news as the year closed came from the steel and the automo- bile industries. Automobile production has reached such a pace that there is talk of possible shortages of skilled labor, January may see the largest production for that month since 1929. Steel and motor production has taken such a jump at the end of the year that Wall Street wondered if some important artificial influences might be at work. The final week of the year is normally a period of inventory shutdowns and reduced production in industry generally. INVESTMENT TRUSTS NEW YORK. December 31 (P).— York Security Dealers Asociation: ¢ (Noon quotations.) Admin Fun ww..... Am Bankstocks Am Business Shrs Bullock Fund Cumulative Tr Sh Corporate Trust Corporate Trust AA Corp Tr AA mod Corp Tr Accum Depos Ins Shre Diversified Tr C Dividend Shrs Five Year Pixed Tr' Fixed Trust Sh A . Pixed Trust Sh B Fund Investors Inc Fund Tr Shrs A .. | Fund Tr Shrs B Incorp Investors Inv Tr N ¥ Coll Investors Fund Am | Masor Corp Shrs Mass Invest Tr Nlllo%;&lde Sec vtc 8 Plymouth Fund A Quarterly Inc_Shrs Selected Income Sh Spences Trask Fund Stand Am Tr Shrs Stand Util Ing of Am Tr A of Am Tr AA of Am Tr of Am Tr of Am Tr of Am Tr ! Supervised Shrs | Trust Fund Shrs | Trusteed Industry_shrs Trusteed N Y Tt e Be ° U. S. TREASURY POSIATION. By the Associated Press. The position of the Treasury on Decem- s_was: Receipts foi 19, "'lll 17 exnt‘nduuru he, fiscal year (since Jul expenditure aar > Tachiding . $1 B 782 of emergency cxpenditures of unenduum 1,696.286.861.07. assels. S8 NEW YORK BAR SILVER. NEW YORK., December 31 (#).— Bar silver steady and unchanged at 54% ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & Indiana Ave. N.W. LOANS On Improved District of Columbia Real Estate Security 73rd series of stock now open for subscription | Mortgage Money Funds Available for CONSTRUCTION LOANS or LOANS ON IMPROVED PROPERTY Reasonable rates. Prompt action. B. F. SAUL CO. 925 15th St. Natl. 2100 For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on