Evening Star Newspaper, January 2, 1935, Page 13

FINANCIAL. BONDS FOLLOW UNEVEN COURSE Secondary Rails Reaction- ary, but Utilities Display Rallying Signs. BY BERNARD S. O'HARA, Assoctated Press Pinancial Writer, NEW YORK, January 2—The bond market showed mixed changes in the late trading today. Secondary rails were a bit reaction- ary, but utility loans continued the | rallying tendencies of earlier sessions. United States Governments were about steady. In the foreign sector, German issues lost some ground with Austrian 7s and Colombia 6s. Italian 7s improved around a point. NORTH AMERICAN CHIEF IS HOPEFUL! Fogarty Points to Continued| Gain in Electric Output as Good Sign. Special Dispatch to The Star. NEW YORK, January 2.—In look- | ing toward 1935 much encouragement | is derived from the continued increase in electric output of the subsidiaries of the North American Co. during, 1934, declares J. F. Fogarty, president, | in a letter to stockholders. “Their electric cutpui for the year was more than 9 per cent over 1933 ! and was greater than that of any year since 1930, being within 4 per cent of the peak output of 1929 of the same | companies. Sales of electricity for in- dustrial use showed a large increase for the year, but fluctuated with gen- | eral business activity, while sales for commercial and residential use ad- vanced more evenly. “The steady increase both in the number of our residential electric customers, which is now at an all time | peak, and in their use of electricity | reflects improved buying power. “The average price paid by our resi- dential customers in 1934 was about 3.85 cents per kilowatt hour, and with- | out taxes would have been less than 20 cents per kilowatt hour. In 1933 tho average price was 4.21 cents and in 1929 it was 4.94 cents. Thus, the average price of electric service in| erved by North American sub- | has decreased more than 20| hom sidiari per cent in the last five years.” DAILY OIL PRODUCTION GAINS 8,334 BARRELS | Byt ciated Press. TULSA, Okla, January 2.—The final week of the year found crude oil | production of the United States in | an 8,334-barrel increase from 2,447,225 | 0 2,455,559 barrels a day, the Oil and Gas Journal says. In Oklahoma there was a decrease ; from 481,535 to 469,100 barrels. Texas showed an advance from 981,- 629 to 1,009,022 barrels, with East Texas in a 10,000-barrel increase from 420,630 to 430,689 barrels daily. Eastern fields, including Michigan, registered an increase, from 129,935 to 130,687 barrels. ASSOCIATED SYSTEM’S GROSS UP AS NET SAGS Special Dispatch to The Star. NEW YORK, January 2—Assocl- ated Gas & Electric System reports total gross operating revenues for the 12 months ended November 30, ‘total- ing $97,185,176. - This is $2.854,962, or 3 per cent, above the correspond- ing figure a year ago. Operating expenses, maintenance, ete., amounted to $49,998,967, an in- cgease of 8 per cent above the same figure last year. Taxes at $10,950,171 | inereased 32 per cent, or $1,953,005. | Alter deducting these items, net op- | erating revenue of $36,236,038 re- | mained. - | Further deduction for provision for | retirement of fixed capital (renewals and replacements) left operating in- come of 527.707 082. MAIL ORDER TRADE GAINS. NEW YORK, January 2 (#)—Re-| cent mail order volume reaching this market has been larger than expected. | Coats, furs, dresses and a wide rsnzel of cold wedther accessories were among the items sought. Washington Exchange SALES, Ciumbh Country Club 5!%5—$1,000 * Bid and Asked Prices. BONDS. PUBLIC UTILITY, Amer. Tel. & Tel. 4%s Am. Tel. & Tel. ctl. tr. Anacostia & Pot. R Anacostia & Pot, Guar. Askpar | S Tel. of Va. 58 Camnl Traction R. R. 58. City & Suburban . Georgetown Gas Lst. Pot. Elec Pow. con: Potomac_Elec. 6s_1 Wash. LN Wash! G Wash! Ga: Wash. Rw s s, series, & Elec: Mlscsu.msous BarBer & Ross, Inc. 184 Chevy Chase Club § golumbia Couptry’ Ci Gy s',.s 101 W. 3."Cald Storage 55. b STOCKS. PUBLIC UTILITY. Armer. Tel. & Tel. (9). Capital Tramsit Co. & W. Steamboat Wadh ‘Gas 1t b Pot. Eleg, Poy Pot. Elre. Pw! Wash. Ry. & Fl. D.. Wash. Ry. & EL pfd. (5 100 NATIONAL BANK Capital (4) .. Liberty (3) 33 0% Rigzs Waimdton 0 - TRUST C Amer. Sec. & Trust Co. (8)..%195 National Sav. & Trust. 100 Wash. Loan & Tr. (8) 181 SAVINGS BANKS. | Peru 68 '60 I.IIERTV BONDS. igh. Low. 2.55. 3148 1932-47..... 10320 10318 10320 1stev 4%s 32-47. 10317 10316 10316 4th 4% s 1933-38. 10322 10321 10321 €th 4345 33-38 3d called.. 10128 10125 10126 TREASURY BONDS. 85 1946-48. . 101 10027 10029 . 10029 10026 10029 . 102 10126 10131 . 10122 10117 10122 . +..10421 10419 10421 3148 1944-46. 10229 10224 10229 335 1940-43 June 104 19 10415 10419 3% s 1941-43 Mar.104 19 10414 10419 33,5 1943-47. . 10328 10328 103 28 33 s 1946- 5‘..... 1076 107 1076 481944-54. .109 10826 109 43,8-31,843-45.. J 10228 10228 10228 41(s1947-52.....11316 1136 11316 FEDERAL FARM MORTGAGE BONDS. 381949, . 9922 9919 9922 | 3% 51964 .10118 10118 10118 HOME OWNERS LOAN BONDS. . 9626 9622 9626 . 9926 9922 9925 ...101 10028 101 Ahitibl Pa&Pw EIA Adriatic Elec 7s'52.. | Akershus 5s°63. | Antioquia 78 ‘45 A. .. . Antioquia 1st 78°57.. | Antwerp bs ‘58 . Argentine 58 °45. Argentine 6% '6: Argentine 6s 57 A Argentine 6s ‘58 B Argentine 6s '59 June Argentine 68 '59 Oct. Argentine 65’60 May Arcentine 6s '60 Sept | Argentine 6560 Oct. Afzentine 6s 61 Febr Arcentine 65 '61 May. | Australia 4%s 56. Australia 5s'65. | Australia 57. Austrian 7s 43 g | Austrian 78’57 Ratavia Petm 45842 \B-lgmm 6s ‘65 Belgium 6358 49 Belzium 7s Belgium 7s ‘66 | Berlin Elec 6s '55. Bogota 8s "45.. | Bolivia 7s'69 | Bolivia 8s 47 | Brazil 6%5 '26-57. Brazil 6148 '27-57. | Bragil 7s'52. | Brazfl 8841, Bremen St 7535 Brishane 58 '57 | Brishane 6s ‘58 Brishane 68 '50.. .. Buenes A 6s'61 st PV | Buenos A6148'61stPy. Buenos A Cy 6%s'55 3 111% 1064 30 | Caldas 738 '46 Canada 4s 60. Canada 4%s'36. | Canada 68 ‘52.. | Chile 6860 Chile 6s 61 Chile 6s°'61 Jan. Chile 6s '62 1 Chile 6s '63 Chile 7s'42.. Chile Mtg Bk 6%s 'll Chilean M L 78°60. Chin Govt Ry 5s *51. . Cologne 613850 | Colombia 6s'61 J: Colombia 6s 61 Oct. . | Col Mtg Bk 7s ‘46 | Copenhagen 4%s '53. Copenhagen 5352 . . Copenhagen Tel 5s ‘54 Denmark 4%s ‘62. Deamark 5%s '65. | Denmark 6s 42 | Dominic 1st 5158 °42. | Finland 5% 5! Finland 6%;s '66. | Finiand 7s °50. | Finnish 6125°54 A, Finnish 6%s'5¢ . | Frameric In T8 '42 |'Frankfort 618 '53 Ger C Bk A 6s'60July. Ger Prov & City Bk con Ag 63%s '58.. Ger Gen El 6s 48 German Gov 5 s | German Rep 7s 49 Good HS & 17s'45.. Gyaz 8s '54 unm co on ;Grt C El Jap 6%s"50. | Greek Gov 7s'64..... Harp Min §s°49 ww. . Hungary T3%s’'44.... 1lseder Stl 6s°48..... Italy 78°51.. Ital PUCrd 7s '62 Japan 53%s '65. Japan 6%s '54. Kreu&Toll 5s’59Acfs. Low A Hy E 6143 '44. | Met Water 6%8'50.. Mexico 4s '64 Milan 6%8°5 6% 83% 100t 100% 100'5 100% 18712 167% 637% New So Wllu [1] 'S'l . Norway b8 Norway 5% Norway 6s'52. Norw Hy El15%s ‘57, Norw Mun Bk 55 '67. Norw Mun Bk 58'70.. Oriental Dev 68 '53... 9% T4 114% 89 . 106t 106'4 1061 109% 109% 109% 8% 1144 114Y% 89 88l Poland 6t Poland Poland 8550 Queensland 6s°47. Queensland 7s'41. Rio Grdo Sul 6s'68.. Rio Gr do Sul 78 "67.. Rio de Jan 8s'46. . 62 Taiwan El 63871 ‘Toho El Pw 7s65. Tokio 6%s '61. Trondhjem 6% Tyrol Hy EI 7%8 '65. UnStl Wk 63847 A, Un Stl Wk 6%8°'51 A. Warsaw 7s ‘68 Westphal E1 P Yokahama DOMESTIC BONDS. Alb&Sus 3%s 46 gtd. 100 100 Alb'Per W P 43 645% 64 Alleg Corp b 5% 75 Al 66 66 26 25% !00% 100% Am Chain 6s cesen Am & For Pw 58 IBIO Am Icecv bs'53. AmIGChb%s49... Am Intl 6345749, Am Roll M 6s ‘38 70 105% 105% 105% 86 85% 85% 111% 110% 111 104% 103% 104% 107 107 107 109% 108% 108% AmT&T4%s AmT& T cl tr §; Com. & Savings (4) FIRE XNSU‘RANCE American (12) . 1.60) National Union ( .70} TITLE INSURANCE. Columbia _(.30).. Real Estate (6.00). MISCE cnpel Corp (1).. Paper M aper MIg 1 3 oL Y] (4)i. . vem 5 Bris fi&‘f«sm 1 Bt M. & G Bp ) B(eufll, 5!"." l ; Lorh Com. (1607 Wéwd. & Loth. pfd. (7)vess 1 Ex dividend. s it BUEBLSEEECN 5 Suunw ~ AmT & T ded 63’60 Am T & T deb 6s°65.. AmT&T5%s 43. Am Wat Wks 58 “.. Am Wat Wks 68 '76.. Am Writ Pap 65°47.. Ann A 1st ex in 48’95, Arm & Co 4%s '39. 111% 111% 111% 111% 111 111% 112 111% 111% 102% 102 102 103% 103% 103% 107 106% 107 101% 101% 101% 102 101% 101% 106% 107 109 109 79% 80 91% 90% 91 44% 44% A4k 107% 107% 107% l.un 4%8°64,.. & W 16s°69... efin deb 55 '37... THE EVENING STAR, WASHINGTON, High. 48. 102% 5% Bal & Ohio 1st Bal & Oh1o %8 °60. . Bal & Ohio 1 Bal & O ref & Bal & Ohlo 5596 F'. Bal & O ref 582000 D. Bal&Oref6s'95C. . B&O PLE&WYV 4s 41 Bal & O Swn 6s'50. . Bang&Aroos cv 4s'51. Bang & Aroos bs ‘43 '1 72 82 99 9T 101% BDI&NYALC 55. BklynCy RR6s’41.. 89 Bklyn Edis 68’49 A.. 109 Bklyn Edis 55 '52 E.. 108% Bklyn M T 65’68 A... 104% Bklyn Union El 65’50 101% Bklyn Un Gas 68 '45.. 1156 Bklyn Un Gas 6s '50.. 103 Bklyn Un G 5s°57 B.. 108% BR&Pcondl%s's7. 684 BR&P5s'37 . 105 Bush Term cn 58°65. 47% By-Prod Ck 5%5'45.. 770 Can Sou’5s'62A..... 109 Can Nat Rys 418 51. 1141 Can Nat Rys 4%s° Can Nat Rys 4¢%4s'68, 106% Can Nat Rys 4%s'56. 117% Can Nat 5s°'69 July . 117% Can Nat 63’69 Oct Can Nat Rys 5s°70. Can Nor 4%s'35. Can Nor deb 648’46 Can Nor deb 75 '40.. Can Pac deb 45 perp. . Can Pac 4%s '46. Can Pac 4 %s '60. Can Pac 5s ‘54 Cent of Ga 63 '59 C. Cent N J gen 5s '8 Cent Pac 1st rf 4s°49. Cent Pac 68'60. .. Cent R R B Ga 5837, Cent Steel 8s '41 Cert'd deb 5% s 48, Chesap Corp 5s '47, C& Ogen4l;s'92 Chi & Altref 3s°49.,. Chi B &Q gen 48 58 ChiB&Q4%s"17 CB&Q I div 31849 102'5 CB&Q Il div 4s 49... 106 Chi & Erie 1st 58 '82.. 1114 ChiG L&C5s'37.... 104 Chi Grt W 4s ‘59 stp. . Chi In & L gen bs '66. CM&StP gn 3% s'89B. CM&StP 45 '89. CM&StP gn 414589 C. CM&StP 4%s°89..... CMStP & P 53°75 CMStP&P adj 55 2000 Chi & NW gn 4s ‘87.. Chi & NW 4345 2037.. C& NW 4%s2037C.. Chi & NW 4%8°49. Chi & NW rf 55 2037, C&NW Nr W 6%8 36 aqanecan !!zwx!z Chi U Sta 635 63 C.. Chi & W Icon ¢s 52.. Chi& W I15%s 62... Childs Co 58 '43 s Chile Cop deb 58 '47 CinGas El 4568 A, Cin Un Term 6s ‘57 CCC&SEL 1t 414S'1TE CCC&SL StLdiv4s's0 CCC&StLCW&M ds'on.t. . ooC. Clev Un Ter 4%s 17, Clev U Ter 5s 73 B. Clev U Ter 5%s'72 A. Colon O11 6s '38. Col Ind cl tr 5534, Col & Sorf 4148’35 Col & So 4355 '80. Col G&E db 55524 Col G&E 658 '62 May ColG& ColRPL1st4 Com Inv Tr 6% Con Coal Md rf 65’5 Con Coal Md 58'50cfs. ConGasN Y 4%s'51. Con Gas N Y 6s'67... Con G NY 6%8'45 reg Con Power §5°52.... Cons Rwy Co 48 '54 Container deb bs 43.. Crown Will P 6s'51.. Crown Zell 6340 ww. Cuba Nor RR 5%s '42 Cuban Cane P 6s '50. CumbT & T 5s'37... Del & Hud rf 4 Del & Hud 5%s°'37... DenverG & E 5s '51 Den & R G cn 45 '36 Den & R G rf5s'78 Det Edison 415’61 D Det Edison rf 65°49 . Det & Mac gold 4s '95 Det Riv Tun 4%s ‘61 Ddge Br cv db . Donner St ref 7s '42.. Duqu Lt 1st 4145 °67. KT V&Gacnbs'66.. Eriecv u.'s: B Fed L&Trac int 55'42. Fla £C Ry 637 Fla E C Ry 6s'74 ctfs Fran Sug T%s'42.... Gannett 65 '43.. Gen Pet 53 '40. . Gen Pub Sve 5%s'39. Gen Steel C 61849 Gen Thea Eq 0 Ga Caro & Goodrich 6s 45 Goodrich 6%s 4 Goody'r T & R 68 '57. Gr Tr'k of Can 61 '36. Gr Tr'k of Can 7s '40. GtNRref4%s'61A. Gt NRgen4%s'7TE. GtN Ry 5%s'52 B. GtNRgen78'36 A Gulf. M &N 5860 Hoc Val 4%5'99... Hudson Coal 68 6 Hud & Man ref 68 '57. Hud & Man inc 68 57. 36% 11 Cent coll tr 4s '52. 111 Cent ref 48 '€6... Il Cent 4% s ‘66 Il Cent ref 6s '65. 111 Steel deb 4145 '40. 107 "8 A, 104% B. Int Gt Nor 6s'52 A... Int GtNor adj 68'52A. 9% 49 Int T& T 4%s 62 IntT&Teviékhs Int T & T 5s 55 Inv Equity 63’47 A... IowaCent 5s'38ctfs. 9% — James, F&C4és'39... 81% KCSourfinbs Kan C Ter 1st ¢ 1 Kan Gas&El ¢%s ’lo. 100% Kelly Spr Tir 45% Kendall 6%s "43 B 101% Ky&I Ter4i;s 61 st 91 Kings C E1&P §8'37.. 108% 107 Lack Stl 1st 5s Laclede G 5%: 64 Lautaro Nit: Leh C&N 4% Leh Val Coal 5s'74 L V Pa con 45 2003... "50 A.. 1 48% ’ Low. 2:55. 102 102% 561 56 3% 72 72 82 99 9T 101% 110% '12 T2 97 101% 110% 1131% 116% 108 7314 104% 17% 1174 119% 119% 100% 121% 107% 86 991, 96% 2 109% 102% 106 111% 104 103 374 20% 12 10% 10674 1071 12% 's 106% 106% 102% 10844 107 104 104 82 365 110% 6% 1% 105% 100% 45 101% 91 108% 107 105% 100% 45 101% 91 108% 107 63% Tex&PHPTi%l 9% ! Third A ad 1n ex 102 L 4T% 47% Toronto H& B 48746, High. Low. 2:55. 98l 984 984 52% 52% b52% 18 118 118 131% 131% 131% 105% 105% 105% 103 103 103 102% 1021 102% 102% 102% 102% 112% 112Y% 112% 67% 67% 67% 107% 107% 107% 1043 104% 104% 99% 99% 99% 105% 105 105% T4% 4% T4% 82 82 83 83 94 58% 54% 55% 69 9% 102% 102% 100% 100% 102% 102'% % 1% 6% T6% 31 18 70 LVENY 4%s'40 gtd. L V Pacon 43452003 Ligg & Myr 5861, Tigg & Myr 78°44. Loew's 63 Long Docl 3| Long Isl 4s'49 reg. Long 1sl deb 58 °37. Lorrillard 58°51. La & Ark 65 '69 Loulisv G&E §s Lou & N unif 4s '40 Lou & N 4%82003C. Lou & N rf 5%s 2003, Lou & N St L 3 . L&N So Mon jt 48 '52. M'Cro'yS534s'41 filed McKess & R 6%s "50. ManRR StL 1st 4559 Man Ry 4s'90 ctfs... Marion St Sh 6s°47.. Market St Ry 78’40 A. Mead Co 6s°45. Met Ed 1st rf Mich Cent 3%48°52... Midvale St1&O 6s “36. Mil El R &SL 6s '61., Mil El R&L rf 5s°71. M.StP&SSM cn 45 '38 M. StP&SSM 54849, M.StP&SSM 5%5'78, Mo K & T 1st 4590 Mo K &T 55 '62 A MoK&T4s’'62 B 9% 26% 25% 25% 25% 6% 9 100% 9314 100 101% 95% 95 100% 101% Mo Pacb5s'811.. Mo Pac5%8'49 A, Mob & Oh 4%s8'77. Mont Cent &s "37. . Mont Pow ref 5s '43.. 1 6% 9 100% 9315 100 4 101% 93% 95 100% 101% Mont Tram §s "41. Morris & Co 4%s Mor & Esx 3%s 2000. Mor & Esx 414 '65 Mor & Esx 5365 Murray Body 6%s 1 100% 34 101% Namm & Sons 6s 43, Nassau El 4s '51 gtd. . Nat Dairy 5% s '48.., 10215 National Steel 6s'56. 107 Newb'ry (JJ) 6%8°40 103% NET&T 1st6s'62.. NewJP & L 4%8°60. NewOrPS6s'52A.. New Or P S 55 '55 B. . New Or T&M 4%5'56. NOrT & Minc 55 '35. New Or T&M 5135854 New & CinB 412845 N Y Cent 3%s°97. N Y Ccon4s'98. Y Cref 4%s2013. Cret 4%8s2013n. Cref 552013 Cent d 31 Cent cv 68 44 C Mich C 3% NYC Mich 3%s'98reg CLSh2%s’98,. C&Sl L 1st 4s°37 T1% 59% 1% 59% 10214 106% 103% 115% % 59% 102% 10614 103% 116 94Y 551 102‘& 97 85% 61 60% 66% 9% -<"~<-<-< CIS! L 1st 63'35 2222222227222 222 1 v o Tel gen Ohl 39, Y Trap Rock 6s'46 NYW&B4%s '46.. 22722222227 Norf Sou 1st 55 '44 Norf & W 1st 4 Norf & W div4s'4 N & W PC&C 4s'41.. No Am Co 556 NorOT&L 6547 Nor Pac gen 3s 2047 Nor Pac 4s'97.. Nor Pac 4%s 2047 Nor Pac 5s 2047 Nor Pac 6s 2047. Nor Sts P 6s 41 —_— Ohio Pub Ser 7s 47.. Ohio Pub Ser 734s ‘46 Ore-W R R & N 4361 Otis Steel 6541, 9! 1054 107% 109% 1013, . % PacG & Ebs 2. . Pac Pub Serv 5s '36. . Pan Am P C 6340 cfs Par F' La 6s 47 ctfs.. Par F La 6547 filed. Par Pbx 58 ‘50 filed Park-Lx 6%s'53 ctfs Penn R R con 4s '48.. Penn R R cn 4s'48stp. Penn RR4%s'81D.. Penn RR 4%s i 106 41% 62 62y 623 10! 108 100% 100 114% 105' 941 105% 1057 111% 105% 7% 103% Penn R Rdb 4%s 7! Penn RR 4%s'63... Penn R R 53 '64. Penn R R gen §s Penn RR 618 °36. . Penn Dixie C 6s 41.. Penn O & D 4%s"77. Penn P & L 4%s ‘81 Peo G L & C ref b Peoria & E inc 4s8'90. Peor Peki Un 5%s'74 Pere Marg 1st 7% TT% 85% 107% 107‘4 81% 104% 104'—. 3% 52 101% 108 104% 57% 507 50% PCCC&StL 4%8°'77C. Pitts&WVa 4% s'60C, Port Gen El 4%8 60. Port Gen E 4% #8'60as Port Gen El 1st 55 '35 Postal Tel & C s '53. PubSEl& G4s'T1... PubS E1 &G 4%s'67. Pure Oil 5%s '37 Pure Oll 5% 40 Purity Bak 6548 99 45'3 Reading 4%s 97 A, Reading Jer C 4s'61. . Rem-Rd 53;5°4TAWW. Rep 1 & St1 55 40..... 103% 103% Revere Cop & B 6848 107! 1074 Richfleld O11 63 "44.. . 301 Richfleld O 6s ‘44 ctfs 32 RG W 1st ex in4s'39. T4 RioG Wncol 48’49 A. 45% 77% 45% St Law&Ad 1st 5s'96. StL IM&S R&G 45°33. StL-SF4s'50A..... St L-SF 45’50 A cfs. StL-SF4%s'78.. StL-SF 4%s'T8 ef ll StL-SF56s50B..... StL-SF 5s'50 Befs. St LS W gen rf 5s'30. StL'S W 1stTer5s'52. St P M&M ext 55'43.. StPM&MPac 4s'40 ext StPM&MP4s'40 1g ex. San A & A Pass 4543 San AnPb S 6s°'52 A. Seabd A L ref 4s°69.. Seabd AL 6s'45 A Sea A-Fla 6s'35 Acfs. Sharon S H5%s '48. Shell Pipe L 63 °52 Sierra & SF P65s’49. Silesian Am 7s "41 Sinc Con O 7s '37 A. Skelly Oil 1839 So Pac ref 4s ‘55 7% 65 15% 16% 14 13 17 15% 38 104 51% 103 60% 60% lOI'u 101% 101% % 75 15 61% 61% 61% 110 109% 110 102% 102% 102% 103% 103'5 103% 47 45 45 So Ry gen SoRyM&O4s'38... Southw Bell T 63 '54. Stand Oll N J 68 '46. . Stand OiI N Y 4%3'51 Studebaker 6: . pe————————— Tenn EI Pwr 68 '47 A. Term Assn St L 45’63 Term As St L 414539 Tex Corp cv 5s '44. Tex & Pac 5s'77 B. Tex & Pac 5='79C Tex & Pac 55 '80 D. 91t 9014 1037% 103% 1082 108 103% 103 91 89% 90 90 89 88% 891 89 25% 26% 25 100% 100% 100% 87 85% 87 961 96% 96% Tob Pr N J 6% 30”. Tol St L & W 4s'50 » D. C., igh. * Low. 2:5! '49... lI2% 112% 112% Trumbull Stl 68°40., 101% 101 101% Un O Cal 5 Un Pac 1 Un Pac 4 Un Pac 1st r£ 48 200! Un Pac ¢%8°67. United Biscuit 6s '42. United Drug 6 5! Utah L& T b Utah P & L b: Util P& L 68'59 Util P& L 5%s'41.. Vanadium cv 6s°41. Va El & P 68 b VaEl&Pb6%s 44 Va Ry 18t 6862 A Va S W 1st 5s 20 Ver Sug 1st 7s 42 Wabash ¢%s°'78 Wabash 1st 68 '3 Wabash 24 63 '39. Wabash 55'76 B Wabash 6s '80 D Wabash 5%s'75. . Walworth 65 45 A Walw'th 6%s '35 ww. Warn Bros cv 68 l’ re ww 103% 103% 108% 47 1084 108 108% 99% 99% 99% 104% 104% 104% 104 104'5 104% 106 1056% 105% 90 89% 27 A 105% losv, 105% W Sh 1st4s 2361 gtd W Sh 1st 4s 2361 reg. West El deb 6s 44 West Md 1st 48 '53 West Md 6%s 77, West Pac 55 "46 A West Pac 55 '46 A ast West Un col tr 6i West Un bs ‘60 West Un 51 West Un 6% Wheel Stl 4 Wheel Stl 6 Willmar S F Wilson&Co 1 Wis C 1st gen 4s°49.. 83y% 83y 83% 78 78 18 97% 97% 974 3 34 35 35 34 35 101% 101% 101% 86 86 86 885 87 874 101 91 90 90% . 100% 100% 100% 10245 102% 102% . 108% 108% 108% 13 13 13 Younztn S&T 58'78A. Youngtn S&T 68'70B. 95'% 95% 94y 95 95% 9% CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, January 2.—The fol- lowing is today’s summary of Corpora- tion news prepared by Standard Sta- tistics Co., Inc.,, New York. Chrysler Corp.—It was said plants | & of this country will produce 65,000 cars | in January and 90,000 cars in Feb- | ruary. Nash Motors Co.—Prices on the 1935 Nash line range from $895 to $1,290, 1. 0. b. Kenosha; no compari- | son of prices by models can be made because of material changes made in the line; prices on Lafayette line range from $585 to $750, f. o. b. Ra- cxsx;e‘ compared with $595 to $745 in | 1 Studebaker Corp.—It was under- stood company already has received over 8,000 dealer orders for its new line of cars; shipments for January will run aromnd 6,000 cars; Decamber export orders were reported th¢ best for any month since 1929. Kelly-Springfield Tire Co—It was | reported Federal Judge Hulbert, New | York, had appointed J. S. O'Shaugh- | nessy and Alexander Weinstein, re- ceivers in equity for Kelly-Springfield | Tire Co. of New York, operating sub- sidiary of Kelly-Springfield Tire Co. of New Jersey; Judge Hulbert also signed an order extending the Federal | receivership to include the New Jersey | properties of Kelly-Springfield. Long-Bell Lumber Corp.—Federal Court, Kansas City, granted Long- | Bell Lumber Co., subsidiary, an ex- tension until April 1, 1935, in which to file a reorgainzation plan upon ! amended bankruptcy act: bondhold- review in Supreme Court of adverse | lower court ruling. Schenley Distillers Corp.—Company started a $1,000,000 program for con- 18‘1 struction of four warehouses, one at! each of major plants at Lawrence- burg, Ind.; Schenley, Pa.; Frankfort, Ky. and Lexington, Ky.; the first two will have capacities of 100,000 barrels each; the third will hold 60,- 000 barrels and the fourth, 50,000 barrels. Associated Oil Co.—Company re- ceived a contract to supply United States Navy with 492,000 barrels of fuel oil. Chicago, Indianapolis & Louisville Railway—November net railway oper- ! ating deficit was $38,101 vs. net rail- way operating income of $7456; in 11 months net railway operating defi- cit was $368,926 vs. net railway op- erating income of $58,894. Pittsburgh & West Virginia Rail- way—November net railway operat- ing income was $53,684 vs. $58491; in 11 months net railway operating income was $782,995 vs. $856,409. Fanny Farmer Candy Shops, Inc.— Sales of this company for 1934 are be- lieved to have been well in excess of $4,000,000, & new high mark, accord- ing to an official. FOREIGN EXCHANGES. YORK. January 2 (#.—Fol Great Britain in s Grest Britain, de- S 4 ‘mand. T cabien: Shanghai, 43.00¢ Me:lco City real in New T6045: New. York i Montreal, 69.2 n—Nominal. INVESTMENT TRUSTS NEW YORK. January 2 (P.—New York Security Dealers’ Association: (Noon ‘quotations.) 4 Siiver York. Asked. Admin Pund ww 15.86 Ang Bankstocks, 101 An?’ Business “Sh 08 Bullock Fund Cumulative Tr Sh'. Corporate Trust . Corporate Trust A Corp Tr A _A mod. Corporate Trust Aceim Ser Incon xnvuwu & VT NY Col Plymouth Fund A Quarterly Selected ” Am Selected Am Selected Selected Spencer Stand Am Tr Stand Ul Super im Sh Sh In imul Sh. usteed New York, Ontario & Western Rail- way—Deficit, 11 months ended No- vember 30, wu $179,107 vs. net in- come $343, 104% 104 104% | lars 881 88% 88 | 5i" 100% 100% | WEDNESDAY, JANUARY 2, 1935. EGG QUOTATIONS STEADY T0 FIRM Live Poultry Rules Firm at Unchanged Levels on Market Here. Egg quotations were steady to firm on the Washington produce marxet today. Receipts were light. Live poultry was firm and unchanged. ‘The summary with egg, live poultry, fruit and vegetable prices furnished by the Department of Agruculture follows: BU’I‘TIE—-OK\Q pound prints (92 score), 1-pound prints (40 score). 1-pound Drints (¥ score). lamp. 19a20; lambs. 1¥a 20: strip bacom. 34a25; lard, 143aa15; compound. GAME-—Rabbits, per dozen. 1.50a1.50 Prices by the United States Bureau of m; Market steady to fi Receipts Brices unchangea, Curient receipts: hennery white. 3lad sraded and dated white egs: i U 8. exlm medium, small, 267a; U. exgs U. 8 extray, large. 1o LIVE POULTRY— urku firm and un- sed, Receiots light, Fowl: Co lored, 13014, Leghorns. 9. Chickens: n.oen e 1oa18; mixed colors. Lsa Leghorns, 1 Spring broilers: Ply- o Rotks, Yhaby. Fruits and Vegetables. Bales in large lots by original receivers y: Washington arrived: thiee broken and five unbroken cars on Busheis: Supplies moderate; de- market “steady. " Virginia, -inch minlmue, 24g-inch um. Grimes. U. 8. No. 1, Yalon;’ ra-inch inch minimum, 90al.00; mum, 1.10a1.25; West Virginia. U. 8. No. 1. =l.-inch minimum. Staymans.' mosty afound 1.50: Yoiks, comoination U. 8. No. U. § Suie. zi-men minimum, . 8. No. 1. Wasnington, me- extra iancy. Stay- amm “to lnue sizes 5 _extra fancy. 1.85; Delicious. arrived; two broken and six unbroken' cars_on track. Supplies mogerate de‘ . market steady. ar bushel Bpe. =] pound sacks. Damsn UM. .ala” W lower % BRY_Three California arrived: ene | cat diverted: nine unoroken cars on track. [ Subplies’ moderate: demang lignt: marke: | ady. Cal nia. 'z crates, washed. 5.00. California lhree Totaken and. ¢ight unbroken cars o | track. Western stock—Supplies moderate demand light: market steady. California. ern crates. Iceberg type. 4-5 dozen, 4.5, poorer lower. ~Southern stock No supplies on the market. Onion Prices Steady. ONIONS—One Colorado. one New York arrived; one car diverted: one broken anda two unbroken cars on track. Supplies moderate: uemlnhd lgnt. market steady U. 8. P e ound_sacks. Valencias. U. 8. No inches and larger, mostly around PEAS—One California arrived. one un- | broken car on track. - Suppiies light | demand light: market siichtly sironger. | California. bushel hampers. ~Telephones, 4 7 I TOWTH"! Maine. one New | York. “one ~ Pennsylvania arrived: _two | broken and six unbroken cars on trac Supplies modcrate: demand light: steady 100-pound sacks. . 8. No. 1: Pennsylvania York. 109 Maine. 100-po, blers, U S N pound cozen, * "’ BN arrived. market 8 New. stock: Subplies lignt: market steacy. Flgnd- ! bush-l Blisy Triumphs, 1 No_ 1 Nogglina Texas broken and two unbroken cars on track Supplies light; demand light; market | slightly stronger for good stock 9615 | ers of that subsidiary are seeking a ! 'lmmé‘. y_lig Florida, arrivals, demand Limited: market steads. pony refrigerators_fresh | holdov | 35 poorér. 10 per pint SWEET POTATOES—No carlot arri no carson track. SupDlies Beht: dem light: market steady. _ North Cerolina. bushel bas| Peurto’ Ricans. 1.00al.10: few best. Maryland, Aune Arundel Gounty bushiel hampers Jerses tpe 0. 1. 1 Fenmecsce. buthel Rampers Nancy Halls, U. S. No. 1. mostly around TOMATOES—No carlot arrivals: no ca on track. ~Supplies light; market steady. Florida. wide range in quality and condition truck receipts. lug Doxes, rines and, turning wrapped. best 6x6_and larger. 2.5 15 Tipes. wrapped. 1508 ana 144s. best. 2.50; poorer _1.0Val 3 MIXED VEGETABLES—One Texas ar- rived: four unbroken cars on_ track, Nght' matket NS~ Supplies lignt hampers. 4.00a4 .50 steady. 1da., GREEN BEANS—Supplies light: demand hmxl!d market steady. Florida. bushel demand bushel H— limited: marker steady Plondl uenel hampers. white. wrapped. CUCUMBERS. EGGPLANT and OKRA— Practically no supplies on the market. Peppers Also Steady. PEPPERS—Supplies light: demand light: market steady. Florida. 1'a-bushel crates. green. fancy. 3.00; bushel hampers. green, Ds—supnms moderate: de- {;\-mll ‘J’mi.:t m: steady. virginia. usnel_baskets. a4 KALE—Supplies mudrut! demand light: Virginia, bushel market slightly stronger. 240 P BLIFLOWER —One Calit. arrived: two broken and five unbroken cars on track Suonfiliu ‘moderate; demand light; market steady. “BROCCOLI—No_ carlot arrivals: broken :nd one unbroken cars on Iuek Supplies light: demand light: market steadv _California, crates a6: CAR! Four ' Californi ; trlcl California, Western le 3 3.08 d B New York, bushel baskets. top- e 75, ), ates, 1.60a1.75. guxnsfi-?fi::rfi sections, 8 per bunch. SPRING _ ONIONS — Nearby sections, %] ch. sm.quXN‘IEPSMBfl‘ — ania, bushel baskets, ES —Grie California arrived: two unbroken cars on track. Florida, boxes, | 2.0083.25. according to grade and size. GRAPEFRUIT—One Florida arrived: one broken and two unbroken cars on track Florida, boxes,” 2.008° 50, according to ral few, weml marks higher; o, Sk Meats, 3.50. TANGERINES—No carlot arr track. Florid: . according to lorida. EMON: unbroken car on track. No. 1, 4.7585.00: No. - JANANAS —Four c: cars on traci " GRAPESTable stock: No cariot arriv- als; one unbroken car on track. L. C. L. Express Arrivals. g Florida. 44 crates avocados 35 | Dishel baskets. o strawberries, toes: Califor und baskets mushrooms: lhryllnfl 3-pound baskets mushrooms; mixed vegetabies, 48 crates. ———— | STORE SALES ‘MOUNT IN SIXTH BANK AREA By the Associated Press. ATLANTA, January 2—The daily average sales in department stores of the sixth Federal reserve district in- creased 3.3 per cent over the previous month and demand deposits in mem- ber banks in selected cities on De- cember 12 were $50,000,000 greater than on the same report date a year ago. The department store sales, as shown in a monthly review, issued today by the Federal Reserve Bank of Atlanta, showed a decline in the trade smaller than “usually occurs from October to November.” Meanwhile, the review showed, there was an increase in department store sales of 218 per cent over the same month last year. a Plymouth . b CAEBAGEvOfl! Florida, two New York | k | ers. fair to ordinary condition; best, | demand light; | California, crates. mostly around FINANCIAL. By the Assoclated Press. NEW YORK, January 2—Most market commentators were hopeful today, although not excessively bullish. J. 8. Bache & Co.—We expect pe- riods of backing and filling pending ‘Washington developments. Redmond & Co—We believe the buying will spread to secondary issues during the course of this week. Abraham & Co.—If further hesita- tion is in evidence today, we would *lighten short-term trading positions further. Lamborn, Hutchings & Co.—Any recession at this time should certainly be within very minor limits, if the market is to continue an up-trend affair. contra-seasonal upswing in some of the heavy industries, shows particular promise. — NEW YORK. January 2 (P).—New York Security Dealers’ Associatio; (Quotations as of 2 o'clock.) Bank of Manh (1'2). ‘ 1()45 3 PRODUCE EXCHANGE NEW YORK. January 2 ( Exchange stock iist (Noon auotations.) High. Low 1% m.—Produce 4 Banca-Blair Davison Chem’ . Eliz Brew l Klldun Mng . detyme Dist 1 Param Pub FEDERAL L.AND BANKS NEW YORK Jlnul" 2 Lana Bank bond: 'Quolzuun\ as of 2 o'clock ) May & Noy 1041-31... 1017 (#).—Federal B3 1415 H',s 415 Jad bH 45 ‘ DIVIDENDS ANNOUNCED NEW YORK. January 2.—Dividen < 2 Saped: Pe- Stock of Pay- i Rate. riod. record. able | Am wat wo & E1"Co - 25 ] Century Rib Mills nl-x CHICAGO I.IVE STOCK. CHICAGO, January 2 (# (United States Department of Agricuiture) s 'mcludma 7000, girect: und sacks. yel- | Idaig uexm' { sows. s AR o ern calves. Government; fed ste Iy steady lings and light steers higher; general market grades’ getting outlet strong to fairly_a all other outter cows, this class tending lower Buils strone to 15 hiener £200: “Cull and common. 41,5084 50 er and feeder cattle: Steers. choice, 500-1.050 pounds; common and medium 00 heep. 9.000 indications, fully steady { on_all siaughter classes: dertone strong to higher: ghojce natives and fe R.75 upward: 50 few slaughter ewes, 90 pounds down. good and choice common and medium. ewes. 90-150 pounds. ; “’ml 00: all and__mediui 3.285: ng_lambs, 3075 bounds. sood .nd choice, 5.7586.85 FOREIGN MARKETS. By the Associated Press. LO! IN.—A cheerful tone prevailed on the Stock Exchange with the resumption of business today. Investment stocks. gold | mining issues and industrials were well d | supported and frmer while the 3i. per cent war loan touched a £109%. Trans-Atlantic isstes held steady but home rails eased. The market closed steady ARIS —Rentes. coal and rubber shares showed Improvement in an active sestion gn the Bourse foday. The closing was rm BERLIN.—Prices on_the Boerse opened firm today. Bonds were preferred as an- nval interest payments Were invested in interest-bearing securities. The closing was firm. 4.0085.00 bulk good NEW YORK PRODUCE. January 2 (P .—Egi ‘mixed colors. refrigerators. prices By, 20827; ent. Cheese, ‘poultey 1 Trelant n.a v SAVANNAH NA¥AL STORES. VANNAH, January 2 (P)—Turpen- tine firm. 453. es. 158: Teceipts. 736 shipments, k. 21.123. Rosin firm: shipments. 242,430, irregular. turkeys, unchanged. mm freight: other stock. recemfis» i oK ad }.4.'1.45‘ | £.50; W and X. FREIGHT LOADINGS. W YORK. January 2 (P.—Revenue treight car loadings on railroads report- ing today for the week ended December 29 includec Wezk Previnus Last Dec. 29. ear. Missour! Pacific. Tiros Wabash ...... 9.604 11964 Hornblower & Weeks—The recent | NEW YORK BANK STOCKS | 500 commercial: 00 rs and yearlings ful- strictly good and choice year- hade &ll killing classer steady excepting common beef cows €11 paid for light steers, three loads un- | w2 A_13 BUILDING GAINS FORECAST INYEAR First Significant Increase of Eight Years Due, Ob- server Believes. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, January 2.—Building which ranks next to agriculture as | the most important cog in the na- | tional economic machine, promises to show in 1935 the first significant in- | crease in activity that it has regis- | tered in eight years. Excluding Federally financed con- struction, building totaled $2,222- 223,000 in 1934, against $1,591822.- 000 in 1933. These figures represent total construction in the United States, excepting that Federally fi- nanced, and therefore differ irom estimates by varicus public and pri- vate agencies which are based only ‘on permits or contracts in selected | districts. The estimated minimum volume of \buudinz. again excepting Federally financed projects, is expected to reach $3,631,744,000 in 1935, according to E. L. Gilbert, Eastern editor of Amer- ican Builder. In residential work alone, building amounted to $312 396.000 in 1933 and $324,126,000 : 1934. The 1935 minimum estimate : $982,200,000. | Non-residential building in 195 was $401,558,000 and $626,153,000 i 1934. The 1935 estimate is $85¢ 425,000. Alterations, repairs and mod ernization in 1933 developed tot. business of $275,153,000, against 3427 257,000 in 1934. It is believed 19 will witness $900,000,000 of such wo: The most significant event in builc ing last year was the reversal of t long downward trend, followed L signs indicating an upward moveme: over a long period, starting in a2 ) portant way this year. What the 19 spurt means remains to be seen, bu as Mr. Gilbert said, “It may or me not prove indicative that never s| 1875 has the building industry a false start from a low level.” The exact number of homes ¢o ! built will depend on our phy ability to build, the thawing out of frozen mortgage market and the ering of unreasonably high buildi; costs. Some estimates put the nun ber of homes needed at 5,000,000. recent Department of Commerce su: vey cited statistics on vacanc.c families “doubled-up” and homes u: fit for occupancy which would sec: to indicate an immediate minimur need for 1600000 homes. Meetin: this demand would provide three year of good building activity and still lea: the United States about three yeo | behind “normal” building requ.rem.e l (Copy 1935.) " MACHINERY PROSPECT BETTER IN NEW YE: Special Dispatch to The Star. NEW YORK, January 2.—With { exceptions machinery men enter t new year with much more optimis: than seemed possible a few weeks ag says American Machinist. The fourt! quarter of 193¢ was distinctly bettc than the third, and the next yuarte: is expected to be better still. A: indication of the hopeful feeling abou orders is the frequently expresse: worry as to how the builders are going to get the necessary skilled men t fill their orders as the year continues e 5p¢altmg'of Invesiments good _and feeding lamb un- 4 Weitert Jarmbe held initial bids downward from 3.0084.00: | 6.008 good and common Win Succes: <« . Through the Buildir and Loan Plan of Saving ‘THERE'S nothing to compare wi a Building and Loan Associati | when it comes to quick and su growth of Capital and Safety &t t same time! @ Small payments grow just as quic ly in proportion as the large ones “The Fidelity!” ® Come in and start the New Y with an Investment in a “Fidel Savings Account and win success' We Pay 5% —Compounded Semi-Annual from the date of payment . | the date of withdrawal | ® You can open a Savings Account | ANY AMOUNT...and you'll alv: find, at “The Fidelity,” a frier | spirit of helpfulness and co-operat The Fidelity Building & Loz Association MAIN OFFICE, 610 13th ST. N II|IIIIIllIIlflIIIIIIIIIIIIIIIIIIIMIIIHIIIHIII!IIIIlIIHIIIIIIIIIII. “Equltable Co-Operative Bldg Assn ASSETS $6,492,976.24 Organized 1839 JOHN JOY EDSON, President b YEAR COMPLETE! D WALTER S. PRATT, Jr., Secretary Subscriptions for the 108th Issue of Stock Being Received o THOSE property Do You Desire a Loan n Real Estate or to Take Up First Mortgage? desiring money to purchase a home, refinance present indebtedness or improve should consult us. Applications will receive prompt and courteous attention. Loans Repayable Monthly No Brokerage . . . No Commissions 915 F St. N.W.