Evening Star Newspaper, January 2, 1935, Page 12

FINANCIAL. i STOCKS MOVE UP AFTER HESITANCY THE EVENING STAR, WASHINGTON, D. L7 WEDNESDAY. JANUARY 2, 1935. FINANCIAL. 'TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE A—12 *¥s PHONE EARNINGS ABOVE YEAR AGO Received by Private Wire Direct to The Evening Star. Prev.ous 2:30 p.m. Previous Sourtons e e —~— 1934 — Stuck: da Sales. 2:55 Met | — 1954 ) us 2:30 p.m. Hixh “Low. _ Dividend Rate. Aaa'.;u. High. o Cioge. Ches. | ‘Hien. Low. _ Stocks and dividends. Hieh. Tow. s fi"“u_v' Dividend Rate. Add 00. High, Low cun e, Ohee. | High. Low. Divigend Rate. _Add 06 11% 6 Adams Expres: T 7 1 —%| 71 4¢ Crucible Steel pf. 2 68 68 e B R, A B T O % | 124 8 Siiver King CM 40 % Tiow A )., 208 85 844 8% - %| 9% 3% Cubun-AmSugar... 2 85 Bx Bk + %| 19% 8w Marshell Fiold. . 8 11w 100 11m+ W| 244 8 S & 6 e Net Income for 11 Months| 84% 16 Adsmsbillis 3):0 ~8 33w s2 33 + %| 5% 87 'Cudahy Pkg (2%).0 1 47w 4T 4Tw + %| 4o 23 0 e (i S 106 N TG - 1 1 Mathieson Alk(1%4) 18 29% 28% 29% +1% | 17% 7 Simms Pet (hsbe).. 6 16% 15% 16 N i 1% ‘6% Addressograph.... 1 BK 84 8 — | 204 13 Curtis-Publisning.. 9 224 214 2%+ K| 136 110" Mathleson Apf(). 108 136 136 136 68% 5114 Skelly Oil pf ww. 1 62 % + %|Numerous Issues Wipe Out Totals $1,720,356, Against | & s AdwanceRumier... 2 ¢ 5% 6 +%| 95% 4315 CurtisPubpf (J6).. 2 93% 93% 93% 43% 42% 43% + %| 42 18% Sloss-ShefMeld pf.. 40 5 otals $1,720,356, Agains 9% 4% AMiiated Prod(86c) 1 7 7 17 — %[ B4 24 Curtiss Wright.... 16 3 2% 3 + %| 8 PR St R e S i e B R IR Small Losse 3 113 91% Alr Reduct'n t43% 8113 112 112% + %| 124 6% Curtiss Wright (A) 55 10% 9% 10 + %| 42 26 Meiville Shoe (2) 1 41 41 41 + %[ 19% 12% S Vac (80) . e Ry s and Fa- 1,616,978 in 1933 3% 1% Alrway Elec Appli.. 1 1% 1% 1% 21% 11 Cutler Hamme 14 18% 17% 18% + %| 25% 20 y Socony-Nacthc).. (18 10% 13 10e ~ M ,016, . 23% 16% Alaska Jun (11.20). 6 19% 18% 18% i e N N o & o enTon 1 Do vorites Climb, : 5 Alleg Corp (k). 1 8 ; 7 = outh CalEd (1%). 4 11% 11% 11% — 5 IE: :‘v: “l:§ Czr\g;afl)wtk). : 6;: é:: é:: y 34;‘: ‘g“ g:::'g;sct:u (h20¢) . ‘% 36: 2;: sz: ) :: 6% 2% Miami Copper..... 1 gu 3% 3% + | 33% 147% Southern Pacific 24 18% 17% 18 “ LT AED O STONE 18 % Alles Com¥sow 00 UL SO T O RS 30k 10 Deeredco...o..' 4T 3% 2 8064 K| 1% O Mid-ContPetchite) 4 17 12 124 - 4| 364 1 SouthernRatiway.. & 1B 164 louw 4 u =0 Total net sncome of the Chesopeake | 180% 1154 Allied Chem (6). . 1O 15T 130% +1%] 181% 36" Detwive R xitidagn T dor AL A% HL 8 s M e a e e i e BY IICEON NURANE, e R elophone. Co. In the! 33% 10 Allis-Chalmers. 22 17% 16% 17% + %| 33% 14 DelLack& West... 5 18 17% 18 — %| 6% 1% Minn Moline Pow... 68 5% b e e Associated Press Pinancial Writer. & Potomac Telephone Co. in M/ 20w 1114 Alpna Por Cem 25c.. 2 18% 17% 18% — %| 180 3K Den&RGWpr e T i e R e D R T e e it i L i ey o X The sck Tesponding period in 1933, an increase | go - 38y Am As Ghew Delt3) 36 4o% 476 49% +2%| 46% 32 Dome Mines (13%). 6 4% 12 Mo Kan & Tex 3 19 Spiegel-May-Stern.. 9 77 6% 6% - Oar, xegs S . 38% 381 38% - % 6 s ularity. Numerous issues led of more than $100,000, according to| 2% 113 Am Bank Note..... 6 15 14% 15 + | 28 me X 1% Mo Pacific (k) 2 17% Stand Brands (1) 19 18% 184 18% + % canol e Tnancial report just fled with the| 38~ 19 Am Brake Shoedoe, & 2015 20w 20+ W | 28 1o Douglag Atreratte) 63 20 23w i - N S MandcenENGe - NI OGS e e e A OO, Public Utilities Commission. 12 96 AmBrakeShopf (1) 30s 120 120 120 % 5 D it Sl e G et | Sherded MonmnteG (1 1 44SndGEEI4% Dt 5 B B B = | ner .;32 Auxtichs Telephione Sived Operating revenues during the 11 114% 0% Am Can (15)... 20 117% 114'% 117% +3 | 23 13% Duplan Silk (1). 2 175 176 17K %[ 1 % MothirTode. . 26% Stand Oilof Cal (1). 15 32 a1t 32 — % | oo, PGOUCe, DL ! 1D B Polnts in the months totaled $8.915531 as com-| 33% 12 AmCar& Foundry. 6 181 17 18% 103% %0 Dupont de N (13 81 97% Yo 96T +1%| 4dwe 15% Motor Produ 96% Stand Ol Exp pf(5) 1 1114 111% 111% + % | ang i Bnt wae proncsomery, Ward Dared with $8,330655 a year ago.| 564 32 AmCar&Foundpf. 3 40% 40% 40% — % | 12815115 Du Pont ded (6) 2 128% 127% 127% - 1% M otor Whasr, 23% Stand OflofInd (1) 9 25% 26 25 — % u Pont were fractionally higher. b 70% 46% Am Chicle (1315 ) 1 67w 674 67 + %) 107 90 D i 16% 6% Motor Wheel. 26 Stand Oil of Kan(2) 1 20% 30% 30% —1 | Transfersapproximated 800,000 share: Or;clralmg .NPC:ZP;“?;}]M for $6,- 621 ..OA:Am Gotal Alsonol. 32“ 31,2 3% + v: ugussne Lot Int 108105 105 105 + %| 15% 5% Mullins Mfg... 39 Stand Oil NJ(113%) 37 43% 434 434 Dullness ruled most of today's se; 273,177 agajnst $5,741637 a year ago, o e ; R R TR 46 124 Mullins Mfg pf. 6 2 Z18.177 against $9.141 67 8 YCOT.C80%| 72 464 Am Crystal Sugpf. 40s 60 5TH 6T —1N| 1166 79 Eastman K (t4%).. €113 111 1134 4101 1% 3% Murray =LA e LR el 11T 1 10 - sion and prices displayed no decisive 31043 354 s couiparediwith §2 588 B 1% Am Encaustic...... 74 2% 2% 2% + % /| 22% 121 Eaton Mfg (1).. 4 18% 18% 187%% + rling Prod(3.80). 6 59% 59% B59% + % trend. Here and there firm spots e 588,-1 101, 4 AmEuropeanSec... 1 4% 4% 4% 19% 6 Eitington-Schild. 2 7w 7% 1% + %%| B32% 12% Nash Motors (1)... 33 185 18 P e S L o N | were "in evidence, but buying mo= 8, s income amounted to $1.955.| 3% JSHAmM&ForelenPwr. 5 4l 4% 14 % 31% 15 Flectric Auto Lite., 48 2874 2Nl 28% + %| 46 19% NashChat&StL.. d40s 251 25 FkStone& Webster... 5 4% 4% 4% % | mentum appeared to be lacking gen- ez dncane amounied to #1955 || 365 1iAma ForPwpt (41 (3 1o% 14 1Sk %110 (80 HicoAutoLuspti. 40s 198 103k 108% — 14| 8% 3% NatAcmeCo...... 12 6% 6 10 BudsARAE st AY. 3 1o 15 10% 410 hly and profit taking came into 0 1899 b % “ + % Electric Boat. .. 3 - N * various issues that pariso 30 1% Am&ForPwpt(1) b 18% 18 184 + %| T4 3 Electric Boat 8 bl 54 5% - | 13W 54 Nat Aviation 1 1% Superior O s e & ‘1 s '3 t1%]various issues that have recently been a vear ago. Interest deductions re-| 17% 6wAm&FofPw2dpf. 8 T% 7 Th+ %| 9% 4% EI&Mus Ind(hid 2 % T - 4| 12 3% NatBellasHp 3 % Superior S e leading the advance. Economic new: quired $234.778 against $282651 in| 22% 10% Am HawalianSS(1) 1 1. 11% 11% 9% 2% Elec Pwr& Light... 10 % 2% 2%+ 34| 49% 2% Nat Biscuit (2) Spesier Stesi- =T B IS A tinued brigh s the same period in 1933. 2% 17% Am Hide & Leath pf 1 24% 24% 24% + W| 19% 6 FElec Pwr&Lt36pf.. 2 6% 6% 6% 23% 12 CashFeciAiioel (6 o R oineion. T % % % s Mthough Wiihing= T the fame 1 months a substanial | 36% 264 Am HomeProazd0. 2 3m 3z 32 | 2 e ElecPwraLiyipe’ 2 81 a8+ | 18 13 NatDairy Frod 120 18 16 10 s Srpsten R0 T Sesan o et e - m Ice Co. . s 3w 34 52 34 Elec Stor Bat (2%). 4 1% . " R . s e ;gfi%‘;‘:fi 45% 25% Am Ico pf (6). $ ome cn e | an 1 BleromConptins & b 1 TUIUI abe & NatDpatistetonr. 20 2o 25 D I e e e L B e oot A 10" “G% Am International,., & 64 64 6a— %| 23% 104EngPubSve$opf.. 1 14% 14% 14% + %| 31% 16 Nat Distill ' “4 2 L R dise & 8 whole, American Oun ihares wi 941,000, 6 % A TaRrAsn AR gl Bt g B Lo 1 Nat Distillers (50c) 39 2814 2784 30 Tex Gulf Sulph(2). 13 edged up to & new high for th The telephons company also filed| 4 géeAmlaBrance(El.. 4 % M dwIil 2ot wmE fnn .50 pf ww 168 16‘. 16% +1's| 15% 6% NatPwr& Lt(80c). 21 7% 74 2% Tex Pac Coal & Oil 13 year. Allied Chemi e past &0 SR C for November| ow 1an A Facomotie. e 203 18 18% 1% — 3| 4% 7 Earcka VacCitdoe) e e s e e 6% Tex Pac Land Trust 61 + % | more than a polme:l:xs.tl:n:emfmgl:;i;g which showed that Washington was| 74% 35% Am Locomotive pf.. 1 5214 52l 52a < : 10N % o 8 Thatch Mfg (h25c). & + % | Teleph : served by 187.770 telephones on No-| 2:% 12% Am Mch& Fdy (1)., 26 23% 234 23% 1214 3% Fairbanks Co pf e e R 12k 4% Thomp'n(JR) (M) 2 T i) Baed ol of e e vember 30 as d with 177 4 3 P - . 3% Nat Supply pf “ 10 Thompson Products 10 | = il of New Jersey and a vember 30 as compared with 177.-| 10% 3t AmMach&Metals,, 2 7 7 7 + W| 18% 17 Fairbank 20 41z| 18% 9 NatTea (60e) 1 1% Th g — ' | number of others were a trifie higher. 063 on the same date last year. There \ Am Metals 3 15% 15% 15% + %| 77%s 30 Fairbank 80 +21=| 304 61 Nelsner Brothe s st 1 +%| U S. Steel d S was a net increase of 1,338 telephones 63 Am Metals pf. % 4 11%% 4 Fed Lt& 6 % 7 25 8 Tide Water Asso... 3 % - ropped a point, U. S. e el el s anrowes e - ML EameT : G% T 1’3"' 17 Newberry (J J)(1). 43% 43y 641 Tide W A pf (i8%). 1 " Z 3| Smelting was off 2 and other losers of during the month of Novemher as| 324 5, Am FRUTrGu) & 84 s Eed Motor Truckc 2 H| 1z 82 NewberryInior(i ‘02 10 110 80 Tide WatOllp (5). 1106 100% 100% + u'g;:;’?m to around & point included = 5 - 29% 11% Am P&L $6 pf (112) 2 4 1 Fed Water Sve (A). 3 = — i s 3 imken-Detroit. ... 9 6% 6% 6% + 3 | Chrysler, eneral Motors, Douglas e h st Yebr. : : 29% %W AmPSLIEDI (15) 2 o EawasenSre (08 4 | 484 18% New York Central. 51 04 150 24 Timken R B (11%). 10 3% 35 33% + % | Alrcraft, Standard Oil of California, Telephone calls during November 13778 1111 e e 5 " N Y Chicago & St L. 1 12 2 5% Transa ica h25, 3 = 77 1111 Am Radiator pf (7). 108 135 135 135 =—2%] 26's 134 Firestone (40c).... 9 +%| 4% 16 NY ‘ . mericah25e. 4 5% 5% 5% — 1| U. S. Steel, Bethlehem, Santa Fe, New of this year were increased 1054000 | "8 13t Am Rolling Mills... 77 28% 234 234 =% 92\ 71" Firestone ptACS), 2 Tl 2 ‘e NYNTameritora 12 1 e PfrmsusaWilams 1 8 76 8 41 |York Ceniral Union Pacific, Hows over the same month last year. there| ~7a 214 Am Seating.... 1 69% 53 First NatStrs(2i%). 5 2 -1| 878 10u 3 T % - ’% | Sound, Westingh e 5 o 2 a : st 3%). - sNYNH&HD!.... 4 1 o1 3 3 o , Westinghouse, Cerro De Pasco, ?:,::egr been 20,134,000 calls in No- ’é‘iv. :1«16? ::.I ;:2312,1{3 - x ;}7. !?N fifi'l(','"\i""fi *?K;’,“" ; S 6 Bl : 1% GNYOnarlo& west 1 &% 15,; }:: ;;u‘z’:‘c(o_-;lstfic_}. e :;’ff‘:’;"!«xon;ry‘w"d, Consolidated Gas, Y > 3 Lt i - ‘a od Mach (25¢). 4 Y +: 22% 9% N Y Shipbldg (40c). 114 M 6 Twi = ic rvice of New Jersey and in November, 1933. Operating ex- 104 Am Steel Foundry.. 17% 8% Fox Film (A)e..... S [ane 0N e sy d0s SR 0o 36 Und-EIl-Fisher (2). « +13 | F€8rs of labor troubles in the steel penses were higher, being $835.005 37 Am Stores (124) ... —%| 63 20 FranklinSimon pf.. T k|n e Rt e it e el Ul |y were meid 165 Phave: cansan Net operating Tevenues amounted § Am Bum Lo + 1| 334 14 Fuller Coprpf. + %| 25% 10% North Amer (1).. 18 13% 13 % 90 U o + % cimistie S e . y 4 N r coee 3 3 nion Pacific (6)... — 14| timistic interpretations pl to $241. compared with $259,350 133‘: 122‘: 2: ;;L:Lc;l‘:l(ég) Il- 19% 5 Fuller Co2d pf. :5 34 r\'urth Am Copf (3) 2 40 39y 18% Un Tank Car (1.20)., + “. current mlozpprodumonprzcl:d e a year ago. Non-operating income was| g9 67 Am Tobacco B (5) .. T | 4% 1mGabrielCo (A gl s ¥s e s NemnamEA pE(OL T STl e MRl e The convening of Congress t very small. Total gross income was| 13 3 Am Type Fdrs (k). s (BB g Lol S i % a:; i Norwaik Tirearub. 3 3¢ " 5"* 3% United Air Lines&T + % | row and the Pfesmenfi?g:;ialo:‘qgf: ;%Pamq as $176.301 against $195-| 28% 7% Am Type Fdrs pf (k) + | 43% 30 GenAmTrans(1%) 2 37% 37 3T% - % 2 2D Sz 120 e o) + % | sage to that body tended to obscure, (, ;kasglealljran;vmslxfig:%ad;'d:l:lm;s fi; la‘h fi: ‘\;'a"lrr:‘k, 1. & f::: ‘é. gen afll::m" %| 15% 8% Ohio O1l (hdsc). 21 10'% 10% 10% 4 1| 50% 36 United Carb :’z 4(0))' marketwise, the highly satisfactory ook $21,125, jear ago oolen. ... & Gen Baking ( 7 2 Oliver Farm Equi 2 e 5 trade and industri vhick 4 . p. 32 4% 4% 4% + 1| Sh 2% United Corporation. Industrial reports which sla’\x:‘f‘léxr]gaflrlhsefiigggi et oo ;“ :'r: ‘z‘x:c[g?e?a‘f". = 2o lg‘t: gu g:: g:at:e J z f::: z Oliver FEaprof A. 12 26% 20% S 1+ | 37 21% Unitea Corg ntlx:)n.. : ‘;: are appearing daily. e b Gl ot Dot Taoms| 1% 10 AuasendsCopmer... 2 2 %] 59% 27 GenCigar (17). : b g )2? gnpe::nhe!m Collins. 2 T TR TR 184 o:‘ United Drug. . =it Mfi'ny traders were understood to for November amounted to $155.176| 39% 26% Archer-Dan (f1%). 2 T %/| 127% 97 Gen Cigarpt (1) b OB oo glevltnr (60c). 17 14 13w 14 + % | 10% 3% United Dyewood T J¢| be withholding further commitmen:s against $167.631 in November, 1933, | 103, 76% Armour Delpt (7).. 1 Soe 18% G Blostos (8000, 112 19% 215 236~ 1] o6 00 Snen M Cismin .9 Bk 5w 5k 5% Dyewood pf(7) T5% | Pending publication of the Chief Ex- CE L L T 6% 31y Armour of Illinois, . 116 6 + %| 12% 11 Gen ElecSpe (60¢). 20 11 11 11 Owens-TIGlass (4) 2 843 84 843 Inited Elec Coal 3 6 5% 5 — y|ecutivee note. The attitude of the Harriman & Keech Open. Tl 464 Armour Il prpf (6) 21 6% 69% +11| 36% 28 Gen Foods (1.80)... 28 23% 33 338 — % | 6% 1% Pacific Coast 105 1% i o G - new Legislative Assembly loward the The newly consolidated firm of Har-| 85 5 ArmourofIpf..., 1 8 85 8 +5 | 1% %GenGas&EI(A).. 9 1 % % DA e P S R o S i L plans of the White House for this riman & Koeech, members of the New| 8% 3 Arnold Constatie. 1 6 6 6 — | 624 50 GenltalEd (h339). 1 57Tl 5Tl 5Tha —1| 234 12% Pacific G& E (1% 2 s 10 1o s o 4 Unit Diece Dy Wits 1 Seshion was Sl & malter of some York Stock Exchange and many other| 90 46 AssoDry G 1stpt 1 90 90 90 64'5 51 Gen Mills (3). € 6% 61% 61% ~ U| 3T 2% PacifoLiEhting (8) 4 134 3% vam o e e i mystery to the financial district and exchanges, opened their combined | g0* 0% A1Ch TS ot (o). 5 Be B 84— | 100 sou G Mo ) s B s w3, L9 macIc MU REsE) T ] i i o' US&FornSecur.. 2 = g mankee comeiin we = . 31y - en Motors pf ( 2 8%, A F s = vi Washington office today in the fOrmer | 54 243 Atlantle Coast Line. 8 37 S5k 36k — u| 6% R B e el T O cifeTd A BNt 0 o 1%y, 8 + mli‘{‘:ge‘?m‘:o‘o?1sw‘§1m‘e el " S R e R el et el e R e e ke L o otor..... 110 5% 4% Bk + % US Hoffman....... 1 = is a bit clearer. teenth street northwest. The new| 3si 351 Atlas Powder (2). N e s PR e e e = R % 213 % Panhandle Prod&R. 2 & % % — 1, 32 U S Indus Alcohol. 4 45% 454 45% + % The President's stand on the firm is made up of some of the former | 107 = 83 Atlas Powder pf (6) 808 106% 106% 106% e g e e e o N U | e e o] o eecive s partners in Clark, Childs & Keech| 57% 161 Auburn Auto....... 2 264 26 26 — 15| 264 10 Gen Realty&Util pf. 1 = H el ) BLAN L SC T JSLeather (A)... 4 12k 12 12 + y/|3Pproval of most brokerage quarters, and in the old firm of Harriman & Co. 7 Austin Nichols. 1140 14 14 I 10l Gan R atre aties . B 4% 1 Pathe Exchange 26 115 1% 14+ W 15% USPipe & F (50c).. 11 21% 21 21 - 14| but it was realized that sentiment in George A. Garrett, who has been the 29% Austin Nich pf A(6) 80 63 63 63 -1 | 0 10 Gen Refracctfs 1 AN LM Eajbe Bxchange(A)) 43 114 16k 16k 4 i 4 USheig&lmpr. 7 X 6% 6~ | Conerens s undoubtedly strong for Washington partner in the firm of 3%, Aviation Corp Del 7 5% 5% 54 147 8% Gillett Saf Raz (1). Ok 1 Peitleis Moter SR I e 24 U S Rubber 18t pf. . = 1GeiIEL 165 1 x| Perment 8t this time and that ad- Clark. Childs & Keech, is affiliated as | == 72 47 Gillette Saf R pf(5) 1| ick & '3y, 2 e o o 96N A 39% 41% + & | ministrative influence will have to be # partner in the new firm, as is Maj.| 16 4l Baldwin Loco. 12 8% 5% &% 28% 15% Glidden Co (11.30). i 77 _““ RemnckaRora s 2 N o (Gl £ % o USSmelt &R (h9). 12121% 119 119 -2t | exerted to the utmost to overcom . c S S 4% 51% Penuey (J C) +4.40. N 54, USSm&Rpf (312) 1 63" e Ferry K. Heath, who has been resident | 4% 184 Baldwin Loco pl. SEoa e N [ kRaz s aniaven conspE ) %, 108'5 1055 Penney (J C)pL(6). T 5% United StatenStenls 41 38% 33 oo oy | \Dis stuation. artner in Harriman & Co. The| & % < e e 913 3% Gobel (Adolf) . 15 0 I 2l : 4 = —_— = B e o Beeenteonty and. | (A0t Lo, Balimors&oniopt 4 166 16 e = w| 23" 18" Gold Dust (120} > 174 2% e R 0] Uhe T Unedsiorertay, 13 Y 5% 84wl yow YORK BAR SILVER 27 al 2 ' 142 . g - g - st Mripniten CrapBolas| Lk jo0s Banteresa LRI SR OTR Do) 01+ % 18 3!}‘ (gnogncn (BE).oo B 1 1110+ %[ 34 33 Peoples DrugS (1) Tl 63 404 UnivLeafTob (13) 2 59 59" 59 g ing has been closed. et B T aw e 5% Goodrich (B F) p 1 53w 83 Sia o+ 43 194 Peoples GasChi.. MR TURREE bnlv Leaf Tobpf(8) 105136 136 136 ' —1 Is-]NE“fi' e e consolidation wa e ont ¢ eoria & Eastern... 7 Univ Pipe & Rad. . . ‘ ilver firm, igher at 55 opened today as smoothly as if they| 19% o e BetCra ey 15 AT 1T 175 ] S1E 2n aoiBAM B GEONT 208 490 49 49 = | iewiime Fetrol Corp (1 % 5 CUlPwrALL(A).. 2 i i i k 18% 134 Phelps Dodge (h75c) e polications invited for Loans on had been operating for years. The| 15% 8% Belding-Hem(h50c) 10 12% 12} 12% + 4 4% 1% Graham-Paige 18 3% % 3 + % 6% 3% Phila & Read C & I 1" % Vadsco Sales Cq tments, business and residential electric quotation board started with| 28% 9% Bendix Aviation.. 8 171 17 17% + 4| 13% 4 Granby Consol 3 6% 6% 6% Preitim sl O S1%-14° Vine ot oy Droperties. the fivst auotation from New York| 19% 12% BeneficialLoani. 12 17 16% 17 + %| 8% 4 Grand Union.. 4 4 4n e 208 13% Phillips Petrol (1), % P e s Tyler & Rutl All other complete brokerage and in-| 40 26 Best&Co (1%). 9 37 37 37 41 | 40% 28 Grant (WT)(1)... 2 35 34 35 + %| 64 % Plerce-Arrow (k).. 1% Va-Car Chemical. . Y utherford, Inc. Vestment facilities were available to| 49% 24! BethlehemSteel.... 38 324 31% 32 — | 3214 12l GreatNorthernpf.. 26 16% 16% 16% — 4| 14 & Pierce Oil o 10 Va-Car Chem 6% pf Mortoace Loan Correspondents customers. 82 547 Beth Stlpf (j1%) . 154 8i: Grt Nor Oreg(hs0e) 1 12 12 1z 181 T Pittsburgh Coal 59% Va-Car Chem 77 pt MEtuat Beaens Lie Tty The rearrangement of the offices is| 40, 15% Biseiqw-san (h1)- - [l 2z Growannte o) Be Se IR L IR piesaawaole 52 Vuican Detin (h3) .. 1520 K St. N.W. Na. 0475 most attractive and was highly praised e 2 (7] o G - 108 43 154 Pitts Steel pf. 1 | ———— e cniiners toay ot S Heathl| B o e 3% % GuantamamoSugar. 3 1% 1% 1% 597 25 Pitts United € 100 ol aaoam ) o 2 I 2w Internationally Famous e v ¥ - " % e b; = c N 4 men are optimistic over the outlook for | 94 “ 76 Bon Ami (A) (15).. 6;.: 2;;; fi:{‘,"“’?‘,’.f,f,‘,"n':,;; g 51,‘,,: °?,’“" 5;:; = ‘: _6% 2% Port Ric Am Tob A. lZ‘y,‘ ‘V“:‘I‘S}‘“" Co (m1). 4 9% 294 29% - 3 {Bince 1808 s, 1935 and look for considerable business | 28% 19% Borden Co (1.60).. . 101% 84 Hanna (M A) pt (1) 30s 101 101 101 29% 104 Postal Tel & Ca nf.. 24 WalworthCo....... 3 3 24 3 expansion. 31% 16t Borg Warner(t1%) 24% 13 Harb Walker (50c). 3 1% 17% 17 44% 33% Proc & Gamb 11.70. 19 2% Warner Bros Pic o s s+ oul Outlook Brightest in Months. 284 12 Brigss Mfs (11%).. 11 Hat Corp (). D1 en om 13: 5 % ’}Z ‘22% E;‘;cs&;fi'?.xpfz(gsi 5"" ;lfl' :‘J:i?::g;fi:lm = 3 :.' P s ieae | o B AT (e T TRt CeE s 2087864 EGK 86 +1%| ‘8¢ €7 PubSers NJ ot (3). 1313 Warren Fay&P (). 5 217 260 2em 1 1o the January issue of Banking, pub-| 8% 3% Bklyn & Queens.... 1 : \ G 1% Hayes Body.., n 3; o LG | yNitel EOD SN Iar (6], 3 Webster Eisenlohr. .2 6 5% 6 + 1 1107 Connecticut Avenue lished by the American Bankers' Asso-| 80% 46 Bkiyn UnionGas(5) 2 50% 504 504 —1%| 967 74 = e e M N e é‘;’:; WessonO&S (1), 3 34% 3¢ 34 - e ciation, as follows: 30 ‘C Bronewick-Balke... 1 84 5% Su + 1| 8lw 9 HerculesPw (13K) 3 75 0N T8 4+ %ol 14 o PureOm. o oreis G Nt e “Undoubtedly the general outlook | 9% 8's Bucyrus-Erie.. 6 5% 5 5%+ %[ 125% 111 HerculesPpf (7).. 108 125 12; 125 = %| 19% &% Purity Bakeries (1) 51% West Pa Elec .‘3: (1) 2 v ENTERPRISE SERIAL for both trade and industry is more| 14% 6 Bucyrus-Eriecvpf. =6 1l% 104 1l +1 73% 481 Hershey Choc (3)... 2 73% 3 - 78% West PennPw pf(6) BUILDING ASSOCIATION satisfactory than it has been for many | 72, 59 B s L e I U TGS Hol an fs nace 2 8 9% 45 Radio Corporation. . T4 Western Maryland. months. The new year has back of it | ™ 1§ Bfidd :EG; “”:-n-t‘. 105 :u:: m‘; 3?: = y: ;} 1?“ gun;nlg& Shun (;\)c) g 1_1‘ 10:. ;fl:. — % | b55% 23% Radio Corppf (A).. 2% Western Pacific..... 7th St. & Indiana Ave. N.W. the most active holiday season since | 54 2 Budd Wheel 2 3 ou o s % 'in HoodaillecHersn B 26 S 8w 8w+ 4| ‘04 1% Radio-Kelnor ) 20% Weatern Dnion.. - 1929, N SN 5 ' = & e adio-Keith-Or ( Western Union.... aBkine L eontiovis toirefiost stue] aer e mLIAE R el o o] A o meroniie 0T e T ek oy A e e e hgne A thn e e i 15 1ok its 1ok m] o e Cliemrs s aw ah e e 1% 82" Weatingnee 1ot 55 Bankers in all parts of the country re- | 8% % Bush Terminal (k). 1 24 24 24 + | 574 35% HoweSound G).... 9 51 ~49% 5l 71 32% Remington-R 1stpt 2 6 Weston Elec Inst. . On lllll’""“l District of port activity in new loans, but it is| 3% 1% ButteCopper&Zine 1 1% 1% 1%+ | 124 4 Hudson Manhattan, 2 4% 4% 4% < 4| 5% 2 Reo MotorCar 24 147 Westvaco Chl (40c) . evident that the volume of bank credit [ 32% 13% g:geru t: %) sopocee 7 19% 19% 19% + % | 24% 6% Hudson Motor Car.. 17 1% 124 12% — %| 25% 10' Republic Steel 17 4% Wilson & Co....... Columbia Real Estate Secnrity outstanding depends more upon bor- 4 40 Byers (A M) p! 0s 52 51 51 +3 7% 1% Hupp Motors. 116 3w 2% 3 6714 33% Republic Steel pf. 8 12% Wilson & Co (A) 73rd £ rowers than lenders. In the four |[==——r——c———"r—"">— = ST e 27% 15% Reynolds Metals(1) 1 53 Wilson & Co pf (j1) rd series of stock now weeks ended December 5, as reported | 44% 18% C-"fnrnlal’ksms) 3 38% 384 387% + %! 38% 13% Illinois Central. 13 16% 15% 16 —%| 16 6% ReynoldsSp (40¢).. 1 41% \Voolwonh(z.w’).) S December 17, the reporting member | e #CallahanzZine. .- 25 3 % on 4% 2% Indian Refining. 1 2 24 214+ 1| 534 39% ReynoldsTobB (3), 22 + + 1313 Worthmgton Pump. open for subscription banks in the Reserve System ncreased | 1524 6 Campbell-Want. Tk e e e B B I B e e S g ¥ 255 Worth Pumn of & their loans and investments by $22- | 18y 10% Canadian Pacific 25 11% 114 11% + | 56 34% Inland Steel (h50c). 4 554 54 54 —1u| 67 38% Safeway Stores (3). 4 + 16% w?fém‘}‘;‘lfi e 000,000, as compared with an increase | 38y 28y Cannon Mills (2). 4 3¢ 33% 34 +%| 6% owInspirationCopper. 1 3% 34 3% + %| 1134 985 Safeway Strspt (1) 40s 15 g X 5415 Wrigley (W jr) 1315 . v Sy gl s7q‘000,0'0ro in net time and demand | 10% 5% Capital Admin (A). 16 6 6 — %| 4% 2w Insur-ShctMd(10c) 1 4% 4% 4% 27's 15% St Joseph L (h30c).. 4 16% 16% 16% + 4 ——————— Tables o Steel Cabinets 010,000 095, i W9z 920 — 4 % % St L San F pf (k). Tu 3 Young Sp&W(TIK) 1 21 20 .0 Office Furnit 000.000. 38% 23 Caterpillar Tr11%. 9 38% 38 8% + 13| 6w 2 IntAgriculture..... 24 5 4% 4+ 4| 124 b5 Savage Arm 5 6% 6% 6%+ .| 33% 12% YoungstownS& T o ok o Fa—— “Another reason for the improved 44% 17% Celanese Corp.. 21 3‘1% 33% 34 - %| 37% 15 Int Agriculturepf.. 14 36% 34 36% +3%| 38% 17 Schenley Distiller: 10 28 2T% ZTt: - x: ———————— 6 20% 0W 20% - % BAUM’S outlook is a general feeling that busi-| 4 1 Celotex vte (k). 2 u% 2% 2% + %) 164 131 IntBusMach (p).. 21524 161% 1524 — % | 8 3 SchulteRetailStrs. 3 4 4 4 + 1| 4% 14 Zenith Radlo.. s & s Beni. Gipe il lndudies sad Sonwee ] Iy ShCiexconriEy. . 260 The T 3% - B 18 dwie cuiesndtee f SR SE S - g SR 15 Schulte ReStrspf. 20s 19 19 19 L% Zonite Products.... 2 41 4 z 1416 Eye St. N.\W. Njtiges! el dr i i vnistioad) b CeutuEy /R S AU SR 104 104 10% — | 37% 18% Int Cement (h25c). 6 29% 29% 2914 + 15| 60% 41 Scott Paper (11.85). 10s 55 55 £5 -2 Biics or Bioe ES s s bl "This applies not only to the N. R, e 110 82 Century RibMpf(7) 30s 109 109% 109% 42%| 467 23% Int Harvester (60c) 55 437s 42l 43% +1%| 38% 20% Seab'd Oil(Del)(t1) 13 :6 &5 26 +1% 1: ks on the New York Exchange. but also to a tendency to the 22 irfien: 441 30% Cerrode Pasco (2).. 22 44% 43 44% + %[ 187 110 Int Harvester pf(7) 2 135% 135 135% + %| 51% 31 Sears Roebuck..... 37 404 394 40% + & el gg AM...... 190,000 12:00 Noon. : 40,000 tatlator arenlt I}. 4 5 8 7% 3% Certain-teed Prod... 2 6 5% 5% 9% 2% Int Hydro Elec (A)e 7 24 2% 2% 52 32 Sec NatInvpf (i2). 108 49% 494 49 — % P.M, 440,000 2:00 P.M. 5.0,000 t it. 1t is not necessary [ g5 171, Certain-teed pf.... 408 29% 27'; 29 + %| 6 2 IntMerchMarine.. 1 2% 2l 24+ %| 9 4% ServelInc. 12 8k T BW cash pasments Based "onthn Shfet ™ neatinle are the anaua o agree with Gen. Hugh S. Johnson | g5, 391 Ches & Ohio (2.80). 17 45 44 444 + %| 20% 21 IntNickCan(60c).. 31 23% 23% 23% — %! 13% 6% Sharon Steel Hoop. 23 10l 9% 104 + & | declarations. sed oo the latest quarterly or haif-yearly that the N. R. A. is dead, to realize! ¢8% 34 Ches-Corp (2%)...: 3 44 43% 44 2% 84 Int Paper & Pw (C). 1 T K Kl 7% 4 Sharp & Dohme 3 & 5 58 + %l s Unit o: trading less than 1 that the future of the code system | 5% 1% ChiGreat Western.. 4 2 1% 1% + 3| 24% 8 IntPaper& Pwpf.. 1556, O\ ShEtek (G & s s o Y [awsicae a1a last mnr_":.,‘f,',"' ! Pastly "l;" 3 Pius and all related matters lies with in- 8% 2 ChiMilStP&Pac.. 6 % + 1| 100 66 IntPrint Ink pf (6). 265 19 Shell Transp't hisc. stock. .pxu:mc! *pi0 Stock. b Pald th Accumulated dustry ftself and with the more lib-| 13% 3% Chi MilStP&Ppf.. 12 % %| 224 7% Int RysCent Ampf. A o cash'or z_:::lnunr“r.ln::;m:&;mm breferred eral elements in industry at that. 15 314 Chi & Northwestern 11 50% 38, IntShoe (2)........ 89 57 Shell Union Ofl pf.. us 8% in l: l;f::";;s'mnp “It is also pointed out that the 9% 3% Chi Pneumatic Tool 2 + %) 84y 59 IntSilver pf (4).... *Ex dividend = upwing in loans cannot be expected| 28% 14% Chi Pneu Tool pt. 2 Is| 17 TAMTel&Tel.... .. 9y until there has been a greater up-| 6% IWChiRl&Pac (... 4 1% ] 166, awnterstate DepEoum . EELER IEN 120 = are peing witharawn, Consummtion . INSHRANG swing in business. Bank credit has| 5 5, SRISCSBELGY 6% 39 Johns-Manvill 18 54w 53 63 s hokding up S, andithe futureTlooks E STOCKS always lagged behind business activity N S o (. i [l Hee Ll Ln " 53K ~ % bright for Texas oil producers and | ( NEW YORK. January o (#.— T e oward an - owrorary| 0% 19% ChickashacO(2).. & W| 77 45 JonestLaush7%pf 50s 57 561 67 + % ™ Security Dealeis’ Association. " YO k A 1% 3% P 3 " = movements, especially those attend- He interpreted all elements as in- Asked. ing a business depression. Reasoning 32’.: fi?& Sfi;’flfi't,“-{,‘;l' }z“, “; % 12: ‘{ fii,“,;"g';’;‘,‘,f}‘-‘}-‘,f;“" : 5.‘2 ?: f.": . t dicative of a stronger price structure. e 60 v from the experience in other depres-| 924 67 City Ice & F of 6%. 1105 5| 20" b WelySpTiesmot 1 Th Ta Th-k R. W. Fair of Tyler, an independent | AT, LY, f:r:;ls. :m,h rduihconslderaltmn for zh; iy ety wl ‘74 o%Kelsey-Haves (B).. 6 4% 4 4 oil man and member of the State|Am Reinsur C’W!Kethdl,bmnfialmbnn ntensity of e present one an 1% 3 f 18 17 16% 16% Tender Board, declared enforcement of | Am Surety assuming that the upswing in busi-| 5% 2 S a1 T % proration must continue unabated. | Botor ™S FOR AIR EXPRESS CALL mess started in April, 1953, the perlod | 161% 934 Coca-Cola (1), 3 165 mw 1674 32| T 3 Kinney (GR)Co..s 3 5% 5% BW+ He recommended an additional oli | Comn Geh' I RAILWAY EXPRESS AGENCY or expanding loans seems to be due 14 Coca-Cola (A)(3).». 2 56ls 56+ u| 41" 13% Kinney (G R) p 208 37 36 37 +z eround the turn of the year.” Isw o ColmtePF (11oc). 12 18 Six 38 Tl S e Kresge (55) (1).10 17 21% 21y 2l = Attacks on Curb Continue, R b L e e T e et Bt Tesitaa, ns man. . 4% 14% 14% + 4| 114 101 Kresge (SS)pf(7).. 60s 1113 111% 111% establishm, Gien “Fally (1'0) o e e Toroce, | 0 14 Coimm & ADRC, vy 8 85 a6 3 ) sbe o kg Grask iat, 16 aw 2w sk | but llegal Output DWiN- | Eust Texas to handie ol 1aw violtion | ozt Ams (5 RLINES v ‘010 Fuel & Iron( % 4% 4n Hal'f Security Savings & Commercial Bank,| 32 103 Colo Fuel & Ir pf(k) 10s 237 7 7 . e, . R e e bas ehgmearar’| 38w 13 colosSou e i he BR NN s g Kl il e dles Sharply. The future of Federal participation H-F‘-"x‘é‘,{, e 2PIL 2 WAY RADIO! fective December 31 to become asso-| 19% 6% ColGas&Elec...... 26 Th 7% T 73% Leh Port C pf (3%2). 208 90 90 90 in governmental supervision and reg- | gome fFir Se ciated with H, Lawrence Choate, gen-| 78% 52 ColG&EIpfA (6), 2 B8 574 b7% 5 2 Lehigh ValleyCoal. 4 2% 2% 2% ulation of the industry centered in- | Lincoln Fire . A eral agent of the Mutual Benefit Life| - 41% 21% Colum Picvte(ml).. 2 28% 38% 381 21% 9% Lehigh Valley RR.. 2 101 108 10% — 3% | By the Associated Press. terest on the pending Amazon and | Mass Bond e O 'of New Jersey. & nac| 77 58 ColumCarb (13.60). 3 74% Ti% 74 — %| 78 644 LenmanCorp (240) 3 714 71% 7lis — %| AUSTIN, Tex, January 2—The oil Panama cases in the Supreme Court | Naji E‘{fn‘l;' I tive. Washingtonian, Mr. Schwab is| 40% 18% ComelCredit (2)... 12 39% 39% 39% + #| 23% 11% Lehn& Fink (13%).. 4 17 16 17 + % of the United States involving va- Fire % 'graduate of Cenfral High School,| 30% 23% ComelCredpf (1%) 10s 2815 204 291, e 201 LibO-Ford GI(1.20) 47 32% B1% 32y + | ndustry watched the courts and 1a¥- | jyq0y of the national petroleum code, : B vereity.. Law. Sehool| 110 811 Comel Clstpl(s:) 60s 110 1087 110 A e nens (1607 *1 223 223 2% + 14| making bodies as it entered the new | and the convening of Congress : Was L 0 A Natlonal e ¢ Lianking wnd| 51 0% Somel InvTr(Z4) 4 g g7 e -1 | 1% 740 Lise & Myars BOS) 111064 1004 108% 42 | year with hope for advancement to- 2 & member of the District bar. He ‘g6, 154 Comel Solv 1600) b el R Effi.“}‘,’ii‘ifi'éf:‘v'.““’ 1 e b '22 %| ward stabilization. Conditions, gen- 2 e Vi e . 4 o on - o 3 el 2o, e Dol the Saull gu 1" cComwithaSouthl 19 In 14 14+ %| 3w lewLiouidCarn (11K, 11 30 284 841 erally healtky, were interpreted op-| SALES BEST IN YEARS | g3Fies iiom - As Mortgage Loan o (sotlamay o 8 Sowistart | o B et e S v o] S e IRE T BT 3 i | misticalls. AT.HARDWARE STOR R -t g in 1935 on the Washington Stock| 74% 45% ConCgprpfww 6% 60s 74 3% 74 - %| 3 1 LongBellLum (A). 4 2%. 2% 2k + %| Court attacks on control methods . ORES| s—Deciared or paid so far this year. Metropolitan Life In- Exchange’s first day's trading. Co- 6% 1% Consol Film.. . 9 b% 5% 6%+ %| 44% 33% Loose-Wiles (2)...: 1 36 as 86 dogged proration paths, as usual, but | Special Dispatch to The Star. surance Company we Jumbia Country Club 512 bonds fig-| 20% 10% Consol Film pf 3 20% 20% 20% 22% 15% Lorillard P (12.20) 28 20% 20% + % | meanwhile effectiveness of production| NEW YOR! e - ured in a $1000 sale at 102, an ad. | (T ;g%ggg::llgul{‘?m()l)- € 204 19% 20— %| 180 102 Lorillard (P) of (1). 108 131 mv. 1314 +14 | restrictions was apparent. - “Hot" oll | years hw‘: :,;::":r:t::nf tor[DOLLAR GOES HIGHER h;r’ ;""lf funde '“"‘l' vance of a full point over the last as p ) 15 79% — %| 21 12 Loulsv G&E(A)1%. 121 production, charged with being the xper- N able for loans in the 14% 7% Consol Oil (h42c)... 29 8% 8% 8% 19% 8% Ludlum Steel H 1% 1'm m( + % ! ienced so bustling and satisf; IN LONDON DEALINGS Distri i previous sale, The first day of the % chief disturbing evil in stabilization 4 satisfying a istrict of Columbia DreIOS e ane, askod prices| 24 JiComsolTexille. il 4 % W w+u| 7 60 LudlumSupf(64) 191 91 9L 41 |eflors, appeared to be at the lowest | holiday sesson. Since the eatly Win- \idomtssre i and nearby Maryland on other issues practically unchanged. | 133 2w SOntAneTCOm (A3 7 o IR ebb in the history of compulsory pro- | ters of the busin LONDON, January 2—The United i - o banks listed on the exchange| (G2 2% ComtaimerCarp DT stk e 32 24 McCallCorp (2).... 2 30% 30% 30% + %| i TS of the business decline, and in| o, o " gonar gained % cent h and Virginia. paid dividends todsy as did several| 64" '4ds Contl Baking VU 3 s0n she Somiin| L 1k deCroryBiaB . 3 13v Ik 124+ 31 " Especially in the East Texas ofl %O cases, since 1928, there has been |y tody, closin a9 1swutme 2 cCrory Strs . 2 > g at 4. 2 1zati H other corporations. 4 6414 56% Contl Can (2.40) 15 641 6313 64 41| 5% 5y MoCroryStrspf(k) 1 62 62 62 1 |field was progress claimed toward the |10 such free-hand and widespread |\ o g S com:md S eles P l?‘“' organization 1s Trading in gasoline and petroleum | 11% 6 Contl Diamond 3 8% 8% 8% — y%| b50% 38% McIntyre Porcu (2) 3 41 40% 40% — % |elimination of production in excess of | shopping spirit as pervaded the weeks 2z » ully e‘lmwed to assure futures will begin soon. The facilities| 364 23% ContlInsur (t1.35). 2 33% 33 334 + 4| 96t 79 McKeesportTP (4) 2 4% 94 94% — % |proration quotas. With the Federal|of middle and late December, Hard- | 98Y's close of 4.9¢ 8-16. The opening immediate action on of the new petroleum market of the| 2% _ % Contl Motors...... 3 % % % 9% 4% McKesson & Rob... 13 8% 8% 8% + %] Government successfully bottling up | ware Age will say tomorrow in its'was at 4.94 3-16. Bcats o neodity Bxchange, Inc, New York,| 22% 16% ContlODel (hs0c).. 16 19~ 18% 19+ ia| 42 11% McKesson& Robpf 4 414 40 414 41 | interstate outleis and the State also market summary. Much mention is, The French franc closed at 74.63 your spplicktion. 1 b de available fo investors| 51 ~40%CornExBk&Tr(3) 808 41% 44k 44% +1%| 174 1 McLellanStores (k) 7 L& 14w 14 will be made availal R4% 55% Corn Prod Ref (3) S5 esik. 6 ] closing markets, E. O. Thompson, | made that large value items were in |, ¢, und as compared to yest Consale ond trade Intemests In' thls city| A4 S ComBroamie Ghe B 8 K e | O M (RRIACSH) & ik dm Gk | RN e | meote staney. sas avallable o ba day's pitce of TAE0. G iy toneh | Fenner (3 freans, iembers | Lo IS COrEREstueat (L | 218 0 e ier S Garaca. 1o o it | messten ot CRot GiLNa UEIG0 | extiv s momey Sos S8, i e EAVER BRO of the New York Stock Exchange| sgy 28 Creamof Whtt2%. 1 36% 36% 364 231 15% Magma Copper (2).. 1 204 204 20% not more than 5,000 barrels daily. spent. People seem to have come| PARIS, January 2 UP).—Three per 8 and commodity brokers, it was an-1 1714 8 Crosley Radio. 12 13% 13 13% — %| 8% 3 Mandel Bros.... 2 ‘4% 4% 4% + %| Thompson foresaw favorable condi- | closer to meeting their Christmas wants | cent rentes, 80 francs 15 centimes; 4's RE ALTOR’ nounced today by Gen. Richmond P.! 36% 18% Crown Cork & 7 26 25% 26 + %| 29% 10% ManElevmg (K)... 3 19% 19% 19% tions ahead. than in any recent season and there is | per cent rentes, 92.95. Davis, manager of the W 6% 3% Crown-Zellerback.. 6 5% 4% b5% + %l % 5% Marine Midld (40c). 6 6% 6 6% + u| “Crude ol stocks are being de- |every sign that their confidence as to | Exchange on London, 74.61. The || Washington Building District 9486 office, son 11 Cruciblo Steeleaewe 1 20% 24% 24% — % 12% 3 MarketStRyprpf. 108 3% 3% 3% + & pleted” he noted. “Gasoline stocks |the future is better established, . |dollar was quoted at 13.10%2. i y L) 3 ” A . ~ >