Evening Star Newspaper, January 4, 1935, Page 17

CORPORATE BONDS| [BONDS ON NEW YORK STOCK EXCHANG TEND TO ADVANCE Show Majority of Small Gains After Message. U. S. Issues Mixed. BY BERNARD S. O'HARA, Associated Press Financial Writer, NEW YORK, January 4 —Maintain- an cven tone after publication of President Roosevelt's message to Congress the bond market in the late trading showed a good majority of |43 small gains in the corporate division and narrowly mixed changes in the United States Government sectiof. Secondary rail issues moved up a little in sympathy with an upturn in the carrier shares. Firmness also marked the general run of utility and industrial loans. Italian and Brazilian obligations were weak features of the foreign list. French bonds held their early gains, SOUTHERN MARYLAND TRUST IN RECEIVERSHIP By a Staff Correspondent of The Star. UPPER MARLBORO, Md,, January 4.—In anticipation of the expiration of Maryland’s emergency banking law, the Southern Maryland Trust Co. was placed in the hands of a receiver yes- terday. The institution has been liquidating through a conservator since the national banking holiday. It was emphasized that the receiver- ship would in no way effect the Seat Pleasant Bank, formed from the assets of the Trust Co., which recently paid an additional 10 per cent dividend. Under the receivership, liquidation of the trust company will proceed under the Circuit Court instead of the Bank Commissioner. Bank Com- missioner John J. Ghingher will act as receiver. Leo J. Naughton, con- servator, will remain as the receiver’s representative. e PULLMAN, INC., MERGES MANUFACTURING UNITS By the Associated Press. CHICAGO, January 4.—Consolida- tion of most of the manufacturing sub- | sidiaries of Pullman, Inc., was an- nounced by C. A. Liddle, who is to be- come president of the new organiza- tion, Pulman-Standard Car Manufac- turing Co. Pullman Car & Manufacturing Corp. (Del.) has served as the nucleus | of the reorganization, acquiring Dick- son Car Wheel Co., New Orleans Car | Wheel Co., Standard Steel Car Corp. (Del.), Standard Steel Car Corp. (Pa.), Pullman-Bradley Car Corp. and | Richmond Car Corp. The change in name to Pullman-Standard followed. The change, effective January 1, Liddle said, did not affect the sleeping | car operating units. OIL REFINERS REPORT LARGER RUNS TO STILLS By the Associated Press. ! NEW YORK, Jenuary 4 —Refineries | representing 89.8 per cent of estimated total capacity operated at 69.9 per . cent of their capacity, reported daily ! average runs of crude oil to stills as 2,382,000 barrels. Daily average the' previous week for refineries repre- | senting 89.7 per cent of total, operated | at 70.3 per cent of capacity, was 2,371,000 barrels, the American Petro- leum Institute said. Finished gasoline stocks at refineries | totaled 25,959,000 barrels against 24,- 450,000. Unfinished gasoline stocks totaled 5,016,000 barrels against 4,985,- 000 barrels. Daily average cracked gasoline by refineries representing 95.6 per cent of total charging capacity was 482,000 barrels, compared with 453,000 the previous week. FOREIGN EXCHANGES. NEW YORK. January 4 (. —Foreign exchange easy Great Britain in doliars. others in cents Creat Briain, demand, $.03%y: cables. Tia; 60-08Y 1 France. de- Italy. de- Deman Belgium. 7 Holland. ) n. 6 D y Pt | 86! 01 7 RS fiénu al 100,855 ‘ork in Montreal. 99,51 %. n—Nomina FOREIGN MARKETS. By the lmocmed Press. N —Business was active on the stosR Exchange togay. " Transatiantic s sues benefited on American advices. while industrials. kaffirs. rubbers and oil shares were firm. the latter on public support. ilt-egyed securitics eased on profit tak- The market closed firm. " ARTS —Brices on the Bourse continued { strong today with buying heavy enough to eause a delay in the posting of quota. o Rentes again improved. New government: financial policies were beiieved to b draw ing out hoarded funds. The closing was *"BERLIN. _Favored securities developed Tailt7 o Lhe Bberss today and closed . Bonds gained 1 point ‘Business Makes Auspicious Start; Sales on Upgrade By the Assoctated Press. NEW YORK, January 4—The first week of the new year saw business “off to the most auspicious start that has marked the beginning of any year “eince 1929,” said Dun & Bradstreet today in their weekly trade summary, with “indications assuring that first quarter business will exceed that set down for 1934.” gains in consumer buying are now being received from industrial centers rather than from the agri- * cultural districts, which for many months made the best showing be- cause of the steady inflow of Gov- ernment funds.” Market Averages Compiled by the Associated Press. Net chge’ —. 1pm.. }g% uh 1}6 95 151 Rfi l!d H l%‘ 1927 5159 9531 61.81 6i. BONDS. '67 Norw Mun Bk bs T LIIIRTV IONDI. 2.85. Low. 8148 1982-47..... 10321 10318 10319 1stev 4% s 32-47, 10316 10315 108 16 1st-2d 4% 8 32-47. 103 108 4th 43,8 1933-38. 10323 10321 l“!! 4th 4% 8 33-38 3d called.. 10126 10126 10126 TREASURY BONDS. . 10081 10027 10031 .1011 10028 1011 . '*131 10129 10129 24 10119 10124 3 10421 10421 03 L 10229 I 3%81940-43 Jur. 11610416 10416 3% 1941-43 Mar. 104 19 10414 10414 . 104 104 104 . 1076 1074 1074 .109 10829 10829 14s42-45.. 103 10229 103 .11316 11313 11314 FEDERAL FARM MORTGAGE 311949.. 99*; 9919 9921 1:6:19“ 110118 10114 10118 HOME OWNERS LOAN BONDS. 9629 '9624 9627 9925 9922 9924 FOREIGN !ONDS Low. 2 Abitib] Pa&Pw 58 ‘63. 384% Antioquia 7s *45 B. 1% Antwerp 6858 . 981y Argentine 5%s'62... R9%, Argemtine 6s ‘57 A... 93% 934 9314 933 93% 93% 9314 93%% 935 963 101% 101% 101% 101'1 101% 101% 1024 102 10214 90% 90 90 31% 31% 31% 102% 1024 102t 1084 1031 103% 111% 1114 111% 107 106 107 28% 28% 308 38% 6% "sh nw, 36 96 96 604 61 Argentine 6s ‘61 May. Australia 4% Australia §s ‘58 Belgium 6%s ‘49 Belglum 7s'55. . Belgium 785 Berlin 63 '58. Berlin 6345 '50. Berlin Elec 6s '55. Bolivia 8547 . Brazi) 6145 '26-57. Brazil 618 ‘27-57. Brazil 7s'52 Brazil 884 Bremen St Brishane Brisbane Buenes A 6861 st Pv. Buenos AL 8'f1stPY, Buenos A Cy 6%s'55 — Canada 4360 Canada 43%s '36. Canada 68 ‘53 Chile 6560 Chile 6s '61 Chile 6s ‘61 Chile 6s 61 Chile 6s 62, Chile 6563 .. Chile7s 43.. Chile Mortg Rk 6« '62 Chile Mtg Bk 6% 561 Chilean M L 78 6)... Colombia 6s'61 Jan.. Colombia 6 ‘61 Oct. . Col Mtg Bk 7s'47.... Copenhagen 4%s '53. Copenhagen 53 '8 Cordoba 7842 Prv... Cordoba Ts '57 stpd.. Cuba 58 1904-'44. . Cund’amarca 6%s ‘59 104% 1048 1031 103% 111% 111% 13% 13% 133 13% 1315 1313 1313 Denmark 418 ‘62.... Deimark 5%s8°55.... Denmark 6s 42 Deu Bk 6s '35 ct llD;. Fiat deb 7s"4 Finland 5%s Finland 6135 Finland 78 50 Finnish 61,8'54 A, i Finnish 63¢s ‘54 B. 3 Frankfort 6 French Gov French Gov 1%! 4 C Bk A 65'60 Oct. Ger Prov & City Bk con Ag 6%s'58.. Ger Gen El 63 43 Ger Gen El 75 °45 German Gov § German Rep Greek Gov s 405 40 28% 39% 3u 27 . 3BW 3RL Helsingtor: 102 101% 11seder Stl 654 ftaly 78°51.. lalPUCrd?s Japun 6%s Japan 6%s 54....... Karstadt 6s 43 ct. ... KreukToll 5s'59Acfs. Low A Hy E6%s 44. Merid Elec 75 '57 A. Mex 45 ‘10-45 asst Milan 6% '52. . Minas Geraes 6%s'58 Sept coupon on Minas Geraes 645’59 Sept cou oft Montecatini 78 ‘37. — Nord Rys 6148 '50.... Nor Ger Ld 6s" !'Inn. 18% 89% % 168% 45% 99% 100 103% 104 « 101% 101% 101% . 88 88 88 101% 101% 101% 984 981 Norway 6s 43. Norway 6s "44. Norway 6s°62. Norw Hy E16% Norw Mun Bk §: Oriental Dev 68 '63... 80% 90 13% (A Paulista Ry 78'42... Pernam 7s'47Sep ¢ oft eru 68 60. 3% Crown Wil P 6a '51. Queensland 6s°47.... Queensland 78 '41.... Rhine W £1 P63 '62.. Rhine W El P 68 °'53., Rio Gr do Sul 6s'68 June cou oft Rio Grdo Sul7s May cou off. Rio Gr do Sul 8s 46 April cou off. Rio de Jan 6%s '63 Augcouoff.... Rome 6348 ‘5! Rotterdam 6s "84 Rumania 7s°69 Aug coupon off. 107 106% 109% 109% ’Mfi 40% 0% 40% 17% 17% 19% Saarbrucken Sao Paulo St s Sao Paulo Sta July coupon off.. Santa Fe Arg 7s '42.. Sazon Pb W 6348 ‘51 Saxon Pb W 78°4i Saz St Mtx 7845 Berbs 7s 62 Nove on. Siemens & Hal 7s 35. 3. Trondhjem 633 67..- Tyrol Hy EI T%8°55. - 10 Indus lMfl o}?ulo 6 n'ln:‘xono 1028 Unit S S Copén 6s '37. 6 'l . Yokahama 68°61...v. 82% DOMESTIC BONDS. Abr & Straus 6%s°¢3.. 104 104 104 Hack Watistés‘$3.. 106 106 108 Pitts&WVa 4 ' FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, FRIDAY, JANUARY %, 1935. e e ——— - ——————————— — Washington Exchange |$94,000,060 Goes High. Low. 2:55. 43% 40 43y 7% /14w 75 66Y% 66% 65% 3 1007 100% 100% Am Chain6s'38...... 100 99% 100 Am & For Pw 552030 60 59% 5944 Am 1GCh 638’49 122% 105% 105‘6 « 111% 110% 110% 104% 104 104% uw. 11k l‘l‘/‘ 111% 111% 111% 12 112 33 33 93% 93% Y% 6% 26 25% 54 54 102 102 10314 103% 104% 104% 107% 107% 102'% 102% 107% 107% 1087 109 107 107 100% 100% 81% B81% 91%. 91% 454% 454 38 384 1074% 107% Ann A 1st ex in 4s'05 Arin & Co 43433y, Arm oi Del 533 °43.. 103% Armstrg Cork 58 '40.. 104% AT&SFegn4s'95.. 108 AT&S Fead 4#'95st. 1025 107% « 109 AU &ChALGs44... 107 Atl Coast'L 1st 45 62 100% 8’62, 81% 64... 917 A5% 8.. 38u 107% 10215 102% 102% 102% Bal & O ref 58 2000 D. Bal & O ref 6s '95 C. B&O PLE&WV Bal & O Swn 58 '50 Bal & O Toledo 4859, 2 Bang&Aroos cv 4s'51. 1041 104% Bell T of Pa 5848 Bell T of Pa 5860 C.. 117% 117% Beneficial L6s°46..., 108 108 Bos & Me 4%s'61J.. 70% 70% Boston & Me b3 '55 75 Boston & Me 58 ‘67 T4% T5% Bos&N Y AL 4s” 39 381 Bkiyn Eals 5s°52 E., 108% 108% 1085 BKlyn M T 6368 A. .. 104% 104% B8klyn Union El 5s°5Q 101% 101 Bkivn Un Gas 6s°50." 103% 103% Buff G E 414881 B... 109'% 109 BR& Pcondlys Bush Term 1st ¢ Bush Term cn 58 55. By-Prod Ck 5%s '45. . Caiif Packing 58 40 Calif Pet 5s°39. 102% Camag S 78 42 ctfs. . 4l Can Nat Rys 4%3s°51. 1141, Nat Rys 4343 °54. 103% Can Nat Rys 433 '86. 115% Can Nat Rys 4%s 57. 113)y Can Nat Rys 4%s'68. 105! Nat 55'69 July . 117% n Nat §s°69 Oct... 1197 Can Nor deb 7s " Can Pac deb 1041 114 117% 108 704 5% 80 104 Can Pac 5s 64 Caro "1 & O 58°38. Carth & Ad 4s'81 gtd. Cent of Ga 1st 55 '45. Cent of Ga con 58 '45. Cen Hud G&E 5s'57.. Cent Il E& G 58°51.. Cent N J gen b Cent Pac Ist rf 43°49. Cent Pac 58’60 Cent R R B Ga 58 Cert'd deb 538 48 Chesayp Corp 5s 47 C&Opgen4lzs’92., C&O4%s'93 A, C& Ocon5s°39. Chi & Altref 33°49. ChB&Q4%8'77... 107 ChiB& Qrefbs'71., 111% CB&Q Il div3i%s'49 102% Chi & E 11l 5s°61.... 9"1 Chi& E 11l 58°51 Chi Grt West 4859, Chi Grt W 4s ‘59 stp.. Chi Ind & Lou 4s°47.. Chi [n & L gen 58 '€6. Chi In & Liref 6s'47.. ChiIn& Ligen 6s'66. 8% CM&StP gn 3% s'89B. 5l CM&StP 48 '89.. 58 CM&StP gn 4145’89 C 62 CM&StP4%s'89E... 62 CM&StP 4%8'89 6 CMStP & P 68 °75. 99% 9 115% 115% 1155 « 108% 1081 108! lg% 110% 7 33' 324 21 814 22 Chie NW gn 3% Chi1 & NW gn 4s 87., Chi & NW 415 2037.. C & NW 4%s2037C.. Chi & 9 Chi & Chi & NW aaaaagneag ZunaxzzZax CiE=—m—— Chi& W I con Chi& WIibhs Childs Co 58 "43. 62 62 Chile Cop deb 58°47.. 824 80% CinGasEl 43’68 A... 104 103% CCC&StLrf 4%s'77B. 75% 75 CCC&StLrf5s'63 D.. 83% 83% CCC&StLref 65'41C.. S8l 984 Y Clev Un Ter 4%s'77 90% 90 90% ClevU Ter5s'73 B... 96% 96 964 Clev U Ter 5%8'72 A. 102% 1021 10215 Colon Ofl 6s°38 42 4 42 V103 1024 0 . Col G&E db 55'52Apr. Jol GE 68 52 May.. ColG & E 58°61. . ColRPL1st l%l'fl 991y 98% ColRP&L6%s '42.. 107 107 107 Com Inv Tr 5%8 ‘4. 1107 110% 110% 14 | Con Coal Md rt srso Chi & Con G NY 534 Conn & P Rys 4s°43. . Con Power bs ‘52 Container deb 6s 43 Container 6s'46. Crown C & S 6s°47 100% 100% 100% 107% 107% 107% 85% B84% 85% 100 99% 100 106% 106% 106% 102 102 99 99 301 31 1% 1% 1% 106% 1063 106% 4% 93% 94 Del & Hudcv 5s8'35.. 101 101 101 Del & Hud 5%8°37... 102% 102% 102Y% DenverG & E5s'51.. 103 102% 103 38 38 . 19% 19% 19% Den&RG W b ll.. 1% 114 11% D&RG Wbs'6basst 11 10% 11 Det Edison rf 5s°49.. 108 108 108 Det Edison 6s’62.... 109% 109% 109% Detroit Edison b Det Riv Tun 4%s '61. 106% 106 Ddge Br evdb Dul&IrRg b Dugqu Lt 1si ECuba 8 7%s 37 KTV &Gaenbs 66 ElginJ & E5s°41. 108! 108% 108% 1% 10 10 109 109 109 105 102 105 Erterf 53 '67 Erlerf 6s'75 FIaECRy4%s°'59.. 62% 384% 'llECRybl’?l.... ctfs 2 u 92% 91% 1% 891 89 894 9% 9 9 9 9 95 94% 94% Goodrich 6%s 47.... 108% 108% 108% Goody'r T & R 58 '57. 104% 1041 104% Gr Tr'k of Can 36. 1065 106% 106% 0. 106% 106% 1061 99% 99% 993%, 8% T8% % 8% 84 84 884% 4% 93% 59 3% 93% 39. Gen Steel C %8 49.. Gen Thea Eq 65 ¢ Gt N R gen 44’76 GtNRgen 44211 B, GtNRgenss73C.. s . Nor Pac 6% | Ore-W RR& N 4561 High. Low. 2:55. Har Ry-PC1stds'S4 95 4% 94y 30% 30 30% 1129\ 112% 112% 35% 36% 35% 101 105 4% 88 87 87 3% 110 110% 1104 81 80% 81 Hud & Man inc 58 '87. e——— 111 Bell Tel 6 111 Cent coll tr 48 °6: 111 Cent ref 4s '66. Il Cent %8 ‘6 111 Cent ref 6s 106% 106% 106% 104% 104% 104% 105% 104} 105% 82% 84 Int RT 1strfbs Int RT 78°33. Int R T 78 ‘33 ctts. Interlake 63 °'51.. Int Ag col 5s 42 stp Int Cement 65 "48. Int Gt Nor 58’56 B. Int T&T68" lowa Cent 6538 ctfs. K CF&M rf 4s ‘36 cfs. 39% 107% 107% 110% 110% T6% T6% 73 13 106 106% Kan Gas&E] ¢%s 80, 101 100% Keith 68 46. Kelly Spr T1 43, Kendall 6%9 48 ww. Ky Cent Ry 4s'81 Kresge Foun §s —_— Laclede Gas 58'39. Received by Private Wire Direct to The Evening Star High. Low. PCCC&StL 4%s’ IO_IA 109% 109% 10'% PCCC&SL 434877 C. 106% 1061 106% PCCCAStL 6870 A.. 111% 111% 1113 PCC&St L 53’76 B r‘ 111% 1113 111% % 50% BOW 50% 50%. 50% B0 98 98% 98% 3. 50 49% 50 46% 46 46% . 105% 105% 105% FubSEI&G 4% 6T, 107% 107% 107% Pub S El & G 4348 °70. 107% 107% 107% Pure O1l 5%8°37.,... 1007 100% 100% Pure Of] 5%8°40..... 100% 100 100% Purity Bak 6s ¢ 891 88% 89 Reading 4%8°'97 A... 107% 1084 107% Reading Jer C4s'51.. 98% 98% 98% Rem-RA5%S'47TAww. 99% 99% 99% Rep 1 &St15348'63 A. 985, 98% 98% Ce 1074% 107% 107% 33 33 33 124 12% 12% StJo Lead5%s'41... 111 111 111 St Law&Ad 1st58'96. 88 88 88 Stl. IM&S R&G 48'33. % 102'6 102% 106% 106% 113% 113% 83% 82% 101% 101% 109% 109% 9 9 45A.. Seabd A L 6s'45 Acts. Sharon 8 H 6%s '43., Shell Pipe L b Shell Un Ofl 68 102% 1024 104% 104'; 534 5314 Sine Con Od’hl § B, 103% 103% Sinc Con O 78'37 A Skally Ol £35e 2. So Pac col 4 So Pac ret So Pac 4% So Pac 4148 ‘6! So Pac 4%s'81. * | So Pac Ore 4148 Leh C&N 4%s8'54C... Leh Val C 58 Len Val Har 5: L V Pa con s 2003. L VEN Y 4128'40 gtd. L V Pacon 4%s 2003, L VRR con 682003 Ligg & Myr 58 'BI [ Lou & N unif 48'40. . Lou & N 41382003 C. Lou & N rf 5%s 2003. McKess & R 513860, Man Ry 48 90.. . Market St Ry 78’40 B bead Co 68°45. Mer Ed 15t rf 4%s 63 Mich Cent 3%s 52 Mich Cent ¢ 79 Midvale StI&O0 53 Mil E] R&L rf 53°71.. Mil Spa & N W 4547, M, StP&SSM cn 4s ‘38 M StP&SSM 5s'38gtd. M,StP&SSM 5% M.StP&SSM 6% MStP&SSM rf 6s'46A. MoK&T4s'62B Mo K&T Gs'62A. Mo K & T adj 6867 Mo Pac 53’78 Mo Pac 5s '80 Mo Pac 5s'811. Mo Pac 5%8°49 A Mohawk & M 4s'91... Mont Pow ref 55 43 Mont Tram 58°41.... Morris & Co 4%5°39. 101% Mor & Esx 3%4s 2000, gs Mut Fuel Gas 5s'47. Murray Body 6%s'34 102 102 5914 94 102% 106% 4 103% 112% 116% 591 945 102% 106% 104% 11215 NET&T 1st bs'53. 116% NewJP& L4%s 60, New OrGNRG6S'83A. New Or PS 58’52 A.. New Or PS 5866 B, . New Or T&M 8s'54 B. 96% 954 864 61% 62 674 % 934 1124 lll'u 112 8814 84 19015 637 7514 68 5974 Q 76 68% 463, 46 108'5 108 108'% 113% 113% 117 116% 9% 99% 22222222222 222227 -<-¢»<~<»4»<m<nn"-<»<m<-< 3 g e ra M O&W gen 48 55. L O&W ref 48°'92, . thun:m 4s°93. 60% 84% 841 84y 105«4105 105 110 109% 110 49% 63 63 63 48 48 48 109% 109% 109% 30% 29% 29% 64 64 64 18 18 18 108% 108% 108% 110% 110% 110% B1% Bl% 81% %% 75 15 724 T1% T 9 79 4% T4% 102% 103 88% 89 934 93% 100% 99% 100% 103% 103% 103% 105% 105% 105 13% 13% 13% 101% 101% 101% T« 72 72 Steam 1st 6s°47. S&W 2d 4%s ‘l7. , S&W 1st rf 5 . S&W 6l NYW&BeHhs ¢ Niagara S8h 6%s 80.. Norf So 1st ref 5 Z22222%22222222227, ><><-<v<-<-<><~ Nor Pac gen 3s 2047 97 Nor Pac 4%s 2047 Nor Pac §s 2047 C. Nor Pac 68 2047 Nor Sts P 1st 58’41 A NorStsP6s’41 B — 01d Ben (. 1st 63 Otis Steel 6541 . Plcleil'“ Pac Mo 2d 58 38 106% 106% 106% 9% 9T% 9TH 107 106% 106% 111% 111% 111% 105% 106% 105% 11% 111 111% 105% 105% 105% 7% 5% TT% 99% 99 99 110% 110% 110% 3% 8% T3% 8% 8 8 -19% 9% 79% 81% 79% 81% 9 8 90 82% 81% 81% 104% 1043 104% T4 T3 T4 52% 52% 52% 1013 101% 101% 108% 108% 108% Pere Marq 1st 63 '66. Phila Co 5867 Phila E1 Co la& RC&I6s Phila& RC&16s°49 Phillips Pet %8 '3 Pillsbury 1 M Pitts&WVa ¢ 7 So Pac S F Ter 43 '60. So Ry gen 4s'66 A So Ry 5894 So Ry gen So Ry 6%s°56 Southw Bell T Spokane Int bs Stand Oil N J Stand OiI N Y 4%8s'51 Studebaker 65°43.... Studevaker 6s’42etfs. Tenn Cent 65°47..... Tenn EI Pwr 6347 A. ‘Term Assn St L 48 53 Tex Corp cv 6s 44 Tex & Pac 58'77 B. Tex & Pac 5519 C. Tex & Pac5s'80D... Tex & Pac 1st 55 2000 Third Av ref 4s 60... Third A ad in ex 55'60 Tob Pr N J 638 2022, Tol & O C 1st '58'35. . Trumbull Stl 68 40.. 101 1014 107 2 10415 104 100'4 108'% 104% 104% 117% UnEL&PG6s'57.... UnEL&P5%s"54.. Un O Cal 58 46 re ww UnPac4s’6s........ Un Pac 18t 48°47. Un Pac 18t rf 48 2008. Un Pac 4% 67 Un Pac 1st rf 55 United Biscuit 5 100% 108t 104% 1043 1174 107 89% 1t P& L 58 °59 ww. UHIP&L5%s"47... Vanadium cv bs ‘41 VaEl& P5%s 44. VaRy Ist5s 62 A... Ver Sug 18t 7s 42 cfs Wabash ¢4%s ‘ll. Wabash 1st Wabash 5s '80 D. Wabash 6%s ‘75 Wabash Des M 4s°'39. Walworth 6s 45 A Warn Bros cv 6s°39. . ‘Warner Quin 6s ‘39 Warner Sug 1st 7s '41 Warren Brev 6s'41.. Wash W P 1st 5s°39, WPaPlst5s'63E.. W Sh 1st4s 2361 gtd.. W Sh 1st 45 2361 reg. West El deb 55 44 West Md 1st 4s West M 5% '77 W N & Pgends . WNY&P 1st 58°37, West Pac 5546 A . West Un col tr 5538, West Un b8 '51. West Un 68 °60. V/est Un 6%8 '36. Wheel Stl 4448 83, Wheel St15%8"48 A.. W Sp Stl1st 7535 ct. W Sp Stl con 78 '35 ct. Wilks B&E 1st Willmar S F 6t 3 97 « 1034 1061 361 101 70 8613 101 92% 102 10% 48 10214 10813 13% 13! Youngtn S&T 58'78A. 96 Youngtn S&T 58'70B. 96! 96 — SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Allis-Chalmers Co. 5s 193 ‘WisC 1st gen s ll.. 961 926 hes._& Ohio Ry : Chi. Gas Lt. & Coke asa‘}l 7 9% ao% | 30 Bu ra nay Great Northern Rv Jiiinols Central 6133 IntiCTe® el 413 2 Erie % We fenien, Valle Ol Rep. Ironj& Sinclair TU. 8. TREASURY POSITION By the Associated Press. The position of the Treasury on, Jlnnu’] 2 was: Receipts for January 71, 6: expenditures. net " balance, 36.528.639. Teceipts for the month. $1. 084 00851 1y Receipts for the flacal vear (si mnu July Bl 340 000.90; lncludln' IE 554 11 Excess 923.09 of merlen:! [3 of expenditures. $1.1 53' 50.38176. gold assets, $5.24° fls 84 o 1$1,483.016.- § .12 621.212.28, e o Gold assets. Produce Exchange Will Discontinue Security Market By the Associated Press. NEW YORK, January 4—The New York Produce Exchange will discon- tinue its securities market in connec- tion with plans for widened activities in commodity fuf Knighton, president of the organiza- tion, announced today. It is the intention of the manage- EGG QUOTATIONS RULE FIRM HERE Ho'! at Unchanged Levels. “ive Poultry Prices Are Steady. Egg quotations were firm at un- changed levels on the Washington produce market today. Live poultry was steady and unchanged. ‘The summary with egg, live poultry, fruit and vegetable prices furnished | by the Department of Agriculture follows: ' TTER—One-pound prints (92 score), 2. 1-pound prints (90 score) 1; 1-pound prints (88 score). veal ldald: h b 00. Markei firm * at _unchanged Current receipts. 28a29: hennery Gnvemmem graded n}ld dated white eggs—U large. u. s exlrnvmedlums. o sma Goyernment sfaded and Unied brows enes S. extras, large. LIVE POULTRY arket. llalfl! DHc!s unchanged. Fow lored. large. edtume. 1114 Legnorne, 10815 roosters. Tai - Chickens—Biymouth Rocks. ail sizes: 18a18; mixed colors, 15810, '8pring broil- ers—Plymouth Rocks, 18a20. Fruits and Vegetables, Bales in large lots by original receivers up to 8oam, today. PPLES —No carlot arrivals: one car rnonsllnrd one car diverted: two broken and one unbroken cars on track. Bushels. Supplies oderate. Cdemand 1Eht: market Arginia, Staymans. 1.10a1 ; :’pmch mumnum l. 3a1.50: 2% mch minimum. 1.50a1.65; Yorks U. 8 minimum. $0a1.00; 1581 2V-inch mini- 23-inch_minimum. _1.00a minimum. Goiden No inimum. rimes. 0a1.00. mum, o s U _trading, Samuel | "f} P!nnsyl\lmn Stayma! 213-inch mxmmufim 1.15a 0 fancy Virginia combination extra. >fancy sng fancy 2.00: C grade. 1.50a t Bination ex i P tisaT B0 CABBAGZATIO Texas arrived: two broken and Ave unbroken cars on track. mod nd d Ders b type: \ receipts. 1:i5al 50 fair condition. 1.00 type. (-pound CELERY Pmives 'Chlorta artved three “broken aad five “unbroken Cars on \"‘tk Smphu moderate. demand mod- erate lightly stioneer. Califor- nia. i3 mm weshed. 214 dozen. 3008 0 TETTUCE Onb Atizona, = arrived: one car diverted: five brol eight unbroken cars on track ock: Supplies moderate: demand light Galitornia, © Western dozen. t2 arket — steady. crates Iceberg type. 4- Gition, 4 308 00; few Bouthern stock: No market. est 4.25a4 suppites on Onion Prices Steady. ONIONS—One Michizan. two New York arrived. ome broken and two unbroken cars on track. Supplies moderate. de- mand moderate: rket steady New York! u;: ©Ohio. und sacks yellows 1 S0-pound sacks Valencias. 0,1+ 3 inches and larger. mostly around 1.5 PEAS—No carlot arrivals: one broken car ‘on track Supplies light: demand fient"magket steads. . California. bushel | Bampers Telephiones 4 POTATOES——Seve; ne. one New York. one Texas arrived: six broken and fourteen_unbroken cars on track. Old stoek: Supplies moderate: demand mod- erate: market steady: 100-pound sacks round whites. U_S. No. 1: Pennsylvania. r LoIk. 1,00; Maine. bb; Idaho. wn-pmma U 8. No. Sx.ppnu Vent” demand siow: Florida. bushel hampers rida. 1. mostly U. 8. No. 2. 1508173 ERRIES—Supplies very light: market l'ell. Florida. pony refrigerators. 20a35 per SWEET POTATOES—One orlh Caro- lina arrived: one unbroken car on track. Supplies light: demand moderate: market slightly stronger for good_stock. th rolina. bu‘!‘fl baskets Puerto Ric : Ma: Anne Arundel Count; izh mpers. Jerses type. U 8. No. L. joat TOMATOES—No carlot arrivals: no cars pplies light: demand light: steady. Florida. wide range in Quality and . condition. lug boxes Tives and turning. wrapned. truck receiots. Gxf and larger. ©.00a2.50: few hizher: 6x7. 1 poore sizes. 1.50 'SPINACH—No _carlot arrivals: _one hroken and one unhroken cars on track. Supplies moderate: demand light steady. Texas bushel baskets. 1.25a1.35: fair condition. 1.10 MIXED VEGETABLES—One Texas ar- rived: ome broken and two unbroken cars on_tri LIMA BEANS—Supplies light: demand light: market steady. Cuba and Florida. express receipts, bushel hampers. fair con- New smck | ditions. 4.00. Green Beans Steads. mand Limited: ‘market " steady. Florid bushel hampers. green. flat xpre 'rfcelg(s falr to crdinary conamion B.80; ew best_higher. S EGGPLANT. CUCUMBERS. PEPPERS and OKRA—Practically no sup- plies on the market ROMAINE—Supnhes lieht; dem-nd L matket steady. = Flor: ham- pers, fair_condition Whoas’ LLARDS—Supplies _light: light: market Slightly stronger. ‘bushel bask 40, EALEBooplie: light: demand market sliehtly stronger. skets. " CAULIFLOWER—One California arrived: two broken gnd three unbroken cars on track.” Suoplies moderate, Jemard mod- erste. m““ffl steady. California. eruiés. [y mostly around 1.50. s demand Virginia, light: " carlot arrivals: light. demand California, ROTS—No one car diverted: three broken cars on treck. California. Western lettuce crates. 3.258 aies. 1.50a1.60. PINEA! Cul ates Red Span- . 3.00a3.50. according to size. ORANGES—one California arrivad: one ed: two unbrok s o Supplies steady. lower. light crates. = carlot arrivals: HieRe: according to srade and size. GRAPEFRUIT—Two Florita i arks higher ERINES Mo carlot arrivals: one unbroken car on track. Florida. 45 bushel boxes. 2.00a2.50. according to size. ’ADOS—Florida, boxes. 7521.00: S—One Canada arrived; one broken car on track. L. C. L. Express Arrivals. North Cl H . 25 five-peck baskets broc- coli: Flor 6 bushel baskets eggplants, 41 bushel hlll!ls lima WBeans, 12 crates limes. 5 refers ltrlwbe"les (2 R4-quart 0 e mushrooms: _ Pennsylv: 56 Baskete mushrooms: mixed vegetabier, crates, unknown origin. e CHICAGO PRODUCE. . CHICAGO. January 4 (#.—Poultry. live. 22 trucks; unsettled; hens 4'/1 pounds up. nndn'nukz sm:m h%n ; Rocl 5. K 15 roosters. &0 he‘n' turkey‘- 1: small. 150 vncn un- htlll’ 64 GM ’M nn truk 10 bout erate demand anfl tr Teaho Russets. U 8. No Butter. 9,47 No butter sales. l.c‘g extra firsts. 3 T current receipts. 2. e'x\ua 23 Y. i 23; g‘luil 6. ¥ car 'rrtgl for eitras. 2304 fibsaliindimniwind NEW YORK PRODUCE. 23%a34%; mediums ‘Butter. 10.51 cxtra. S3kaidle: extrs (B2 lndl (84287 !tm). 2 \fil"B eenlun-d O e 135.467; steads to firm. Prices poul steady to weak. By hdlh‘. all lnd- unchanged. NEW YORK BAR SILVER. 58A. 60% 60 Wulmmt to close its securities market on]| NEW YORK, January 4 (¥).—Bar zruc. 60% 58 60% or before next February 28, silver steady, unchanged at Colorado and . | g -3517 ! - : " 538875 800E Rt 25E8E 283, 9322, Tl < ] SALES. Mergenthaler Linotype—§ at 30. Bid and Asked Prices. BONDS. Amer_ Tel. All.r‘l'ele h‘l“!rl:l :(‘Lh. lnher Ross. A 'y Chase Club 514 ulumhln coumry filuh e ristd 3 id Storags bs. STOCKS. Wash. Ry. & Ei. ptd. (5). NATIONAL BANK. Capital (4) Liberty (). Lincoln (5) Riggs com. Riggs pfd. (5) Washington (6) . TRUST COMPANY. Amer. Sec. & Tr. Co. (8)..°195 National 8av. & Trust..... 100 Wash. Loan & Tr. (%) . 183 SAVINGS BANK Com. & Savings (4) 150 FIRE lN!URANC! American. (12) .. Corcoran (230) Piremen’s (1.60) National Union (.70) . TITLE INBURANC! Columbia (.30). Real Estate (6.00) . M Carpel Corp (1) .. D. C. Paper Mix, L Emer Brnmo»&lx s Lanston Monotype (1) . Mergenthaler’ Linotyp enplu Dr EEC\IHIY !wl’l e Ter Ret. & Wh. Wd-d & ll) *Ex dividend e L INVESTMENT TRUSTS nuary 4 (7).—New York selirity Doalcrs’ Aseociation (Noon uuamlons 7! Admin Fund ww. ankstocks usiness Snrs. . Builock Pund . Cumulative Tr P % .. D i o ok S xSRI EE Depos Ins Shrs “A" Diversified Tr C Dl\ld!n! Shrs . B4 Incorp Investors Inv Tr N Y Coll Solecied Am 80 me Selected Cumul Sh. Selected Income Sh of Am Tr Supervised Shre Trus* Fund Shrs Trusteed Industry Shrs.. Trusteed N Y Bk Shrs | Trusieed Am Bk “B". .. e et et RS DIVIDENDS *ANNOUNCED | YORK. January declared (prepared by the Siandard Si tistics Corp.) = Pe- Stk Rate. riod. record. Devonian O; Homestake Perfection Stove . Increased. Colling ......... . $1.50 Keduced. Pac Mutual Life Ins..25¢ Regular. Administered Pund...15c . % o= Bepeficial Ind Lcnn i Brown_Shoe si Caro Chmh & Chio 1,00 Do. <tpd Communitr Devorizr O S0000000: Hinie'a sck. market | 0ble rhe GREEN NEANS—Supplies very light: de- | Reable Fhee Thiir. Virsinia. bushel | 4135 Co Eppens Smith & Co. Erie & Kalam RR $1.¢ Homestake Mining ., Japtaen Knit uulu Metal 'nxule &ord art 0w t B i NJ&HHGRI'B!&F $-| San Prancisco Bk Scott Paper A pf Do. Simms Petroieum. FEDERAL LAND BANKS (Quotations as of 2 o'clock.) ¢ NEW YORK. Jlnnl =] Llnd g B L ry 4 (P.—Pederal EEEL El . Dbmflfimmflbc o ql,s s 3 :135 o 1 s g and_one unbroken CArs on track: broken an ek 45 ‘beorer | 43 U. S. TREASURY NOTES. (Reporteg by Chas. D. Barney & Co.) Rate—Maturity Bl o 215 Mar. 15, 1 Armour & Co. (Illinois)—It was said report of company for fiscal year ended October 27, 1934, after divi- dends on $6 preferred stock, will show net of about $3,000,000, equal to around 74 cents a share on the 4,- 144,626 common shares. s A_17 Baek to Treasury After Holidays By the Assoctated Press. With the return of holiday ecash, $94,000,000 found its way back into the Treasury or its agencies during the week ended January 2. The money in circulation on that date, the condition report of Federal Reserve Banks shows, was $5,534,000,« 000, which was $30,000,000 higher than on the comparable date last year. In the meantime, reserve balances of memoer banks showed ancther sharp upturn of $129,000,000 to total $4,090,00,00, which figure was $1,- 380,000,000 in excess of last year. The condition statement said: “The daily average volume of Fed- eral reserve bank credit outstanding during the week ended January 2 was $2,468,000,000, a decrease of $25- 000,000 compared with the preceding week and of $218,000,000, compared with the corresponding week in 1934. “On January 2 total reserve bank credit amounted to $2,461,000,000, & decrease of $9,000,000 for the week. This decrease corresponds with de= creases of $94,000,000 of money in cir« culation, $17,000,000 in Treasury cash on deposit with Federal Reserve Banks and $2,000,000 in non-member de- posits and other Federal reserve ac- counts and increases of $15,000,000 in monetary gold stock and $10,000,000 in ‘Treasury and national bank currency, offset in part by an increase of $129, 000,000 in member bank balances. “The system’s holdings of bills dis- counted decreased $2,000,000, while heldings of bills bought in open mar- ket and of United States Govern- ment securities remained practically unchanged.” ————— PRODUCE EXCHANGE NEW YORK. January 4 (#.—Froduce Exchange stock list (Noon Quotations.) Sales in 1.50 Cache la_Poudre n‘ 3 Davison Che 1Elz Brew 5 Horn Silver 4 Kildun Mng 4 Nat Surety 1 7 Petrol Deriv 15 Tex Gulf Prod x 3 Utah _Met 1Van Swering x—Listed MONTREAL SILVER. MONTREAL Jar 4 —Dividends l Mortgage Money Funds Available for CONSTRUCTION LOANS or LOANS ON INIPROVED PROPERTY Reasonable rates. Prompt action. B. F. SAUL CO. 925 15th St. Natl. 2160 CONSTRUCTION LOANS As Mortgage Loan Correspondent of - the Metropolitan Life In- surance Company we have ample funds avail- able for loans in the District of Columbia and nearby Maryland and Virginia. Our organization is fully equipped to assure immediate action on your application. Consult EAVER BRO REALTORS Washington Building District 9486 First Trust Loans For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Monthly Payments MIMBER BUILDING & ASSOCIATION COUNCIL o NATIONAL Permriarieni BUILDING ASSOCIATION mn?}rmnnnnv anized 1879—55th Year Completed. Equitable Co-Operative Building Assn. Subscription for the 108th Issue of Stock Now Being Received JOHN JOY EDSON President WALTER S. PRATT, Jr. Secretary ASSETS $6,492,976.24 Join the Equitable and save systematically. We offer a plan of saving that has helped thou- sands attain Pinancial Independ- ence. Come in and let us explain. 5.0 PER SHARE 915 F St. N.W.