Evening Star Newspaper, January 6, 1935, Page 58

G—4 FIN SPECIALTIES HOLD | INTEREST ON [}URB Display Strong Tone, While Other Leaders Stay in Narrow Range. BY BERNARD S. O'HARA, Associated Press Financial Writer. NEW YORK, January 5.—Special- ties were strong on the Curb Ex- change today. Oils, utilities, metals and other leading issues showed small variations. Singer Manufacturing rose some 5 points on a light turnover, while gains of around a point or so were recorded by Dow Chemical, Duke Power, Lerner Stores, Mead-Johnson, Fajardo Sugar and Pepperell Manu- facturing. New York Shipbuilding Fnunders shares advanced a point in sympathy with firmness in shipbuilding issues on the big board. Hiram Walker finished a bit lower, while steady to slightly higher prices| prevailed in American Cynamid B, Electric Bond & Share, International Petroleum, A. O. Smith, Lake Shore, American Gas & Electric and Alumi- num Co. of America. Transfers approximated 90,000 shares compared with 132,000 last Saturday. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Due to the cold weather prevailing the last week, all lines of live poultry, with | the exception of turkeys, are holding steady and show little change in price from last week. Market is generally firm and active, especially on large, smooth, young roasting chickens and heavy fat old hens, receipts of which are generally light. Demand for turkeys is light and cen- tered mostly on medium-sized young hens, 9 pounds and over, at 25 and 26 cents a pound, and gobblers, 18 to 22, but old toms and old hens generally are undesirable and have to be sold at irregular values. Young chickens, 2 pounds and over, are bringing 17 to 20, and Leghorns, 13 and 14. with poor, thin stock hard to place at 10 to 12. Old hens, 3!'> pounds and over, are generally in good demand at 13 to 18, but Leghorns will not bring over 11 to 12, while poor, thin, light fowl, as well as old roosters, move slow at 9 to 11. Capons made their first appearance on the market this week and are meet- ing with ready sale at 20 to 25 for birds welghing 5 pounds and over. Ducks are in better demand, but only stock weighing 4'2 pounds and over attracts attention at 13 to 18 for the former and 16 to 20 for the latter, with poor, thin stock selling mostly 9 and 10. Pigeons are steady and un- changed at 15 a pair for both young and old. Egg Market Advances. Under light receipt and a good con- sumptive demand, the egg market shows an advance of 2 and 3 cents a dozen at 30 to 35 cents for large hen- nery whites and 30 to 33 for mediums, but pullet eggs are not so desirable at 25. Little trading on the exchange, which is on a current receipt basis at 30 to 33, most of the business passing being confined to street sales. Market for white potatoes is dull and values generally steady at 80 to 85 per 100 pounds for U. S. No. 1 stock and 70 to 75 for cobblers, with poorly graded, mixed potatoes slow sale at 65 to 75. Sweets and yams show no change from last week at 1.00 to 1.15 per bushel for the former and 2.00 to 2.50 a barrel for the latter. Receipts of native and nearby gar- den truck are light and market holds steady on all lines at the following quotations: Carrots, 1.50 to 2.00 per 100; kale, 35 to 40 bushel; savoy cab- bage, 30 to 40 bushel; spinach, 75 to 125 bushel, and turnips, 20 to 30 hamper. Live Stock Receipts Lag. The live stock market on the wharves holds steady to firmer under light receipts, with only first-quality stock attracting attention. Quotations today at Light Street Wharf: Beef cattle, first quality, pound, 6 to 7: common to medium, pound, 3 to 5. Bulls. as to quality, pound, 2 to 4. Cows, choice to fancy, pound, 312 to 4; com- mon to fair, pound, 2 to 3. Oxen, as to quality, pound, 2 to 4. Calves, choice, pound. 8 to 9; large, fat, heavy, pound, 615 to 71 ; large, rough, heavy, pound, 5 to 6; common, thin, pound, 4to 5. Sheep, pound, 2 to 215, Spring lambs, choice, fat, pound, 8 to 8l2; fair to good, pound, 7 to 75;: small, thin, pound, 5 to 6. Fall lambs, as to quality, pound (not umed) Hogs, straight, pound, 7 to 7%. Sows, pound, 5 to 61>. Stags, pound. 3 to 4. Live pigs, pound, 9 to 10. Shoats, pound, 7 to 8. Closing grain quotations: Wheat— No. 2 red Winter, garlick, spot, do- mestic, 99% ; January delivery, 99%. Corn—No. 2 yellow, domestic, 93a95; cob corn, neminal. Oats—No. 2 white, domestic, as to weight and location, 67a72: No. 3, 66a71. Rye—Nearby No. 2, 85a95. Barley—95a1.00. INSURANCE STOCKS NEW YORK. January 5 (P —New York Becurity Dealers’ Association: Aetna Cas (2! Aetna Fire (1 Actna Life (- Agricultural ( Lincoln Fire. Mass Bond Nlt] Flre Snflnlflelfl (413). 8un Life. a: Wrestenester (1.30m). a—Including extr: g—Declared or pnm s0 far this year. NEW YORK PRODUCE. NEW YORK. January 5 (#.—Eggs, 18.- 783; irregular ' Mixed colors standards nd commercial stundnrdx 33ad4; me- diums. 40 bounds 26 2414a24'2; seconds 54: med and'dirties 231 T omied colors un- firm. higher han extra, 4 eadd s !"320 flf(( ’P‘N ‘)] scores). 203ad ix 5 onds (R4-R7 5). 28a281z; centralized (90_score) A heese, 83.837: firm. Prices \mehnnlefl gl\‘:‘noglll’y nnmm:fl\’ tEAfll grades by ight and express 1nquol o cea “poultry steady to_firm tresh “ana_froren srades unchuned SAVANNAH NAVAI. STORES. AH. J. nuary 5 () —Turpentine. firm. !AVANN 1 o 32 rc’cgamsm"m, afll}ln- 4 shipments, 1elg 5 108 et oy Md., January 5—! REO MOTORS REPORTS _LARGEST EXPORT YEAR Spectal Dispatch to The Star LANSING, Mich., Jnnunrys—mne- teen hundred and thirty-four was the | biggest export year in Reo history. Overseas shipments of Reo passenger cars and speed wagons during the year just ended gained 120 per cent over the 1933 volume and 630 per cent over 1932. On January, 1835, Reo’s bank of unfilled orders for im- mediate export shipment was more than twice that of a year ago, declares Elijah G. Poxson, president of Reo Sales Corp,, in charge of export sales. s DEMAND FOR TIN IMPROVES IN WEEK Moderately Active Buying Due to Recent Declines in Sterling Exchange. By the Assoclated Press, NEW YORK, January 5.—Recent declines in sterling exchange placed importing prices for tin at a slightly imore attractive basis for domestic 'users and moderately active buying { developed during the week for first jand second quarter needs. The sta- | tistical position of tin was further im- proved by a decline in world visible supplies at the end of the year. Copper remained at the unchanged domestic Blue Eagle basis of 9 cents for electrolytic on moderate daily sales, but the foreign market was a shade steadier on more active demand credited to continental account. While there have been no reports of definite developments, the firmness abroad is said to be based on expectation of a | world conference on regulation of pro- duction, scheduled tentatively for this month. A fair demand for lead at the open- ing of the week for January and Feb- ruary delivery tapered off later with the price unchanged. Zinc was quiet and unchanged. Antimony remained dull. Further gains in steel ingot production schedules to better than 40 per cent of capacity again over- shadowed the generally quiet condi- tions in the non-ferrous metal mar- kets. Dividend Changes By the Associated Press NEW YORK, January 5—Favor- able dividend changes in the last week, numbered only 28, against 48 and 66 in the two previous weeks, ac- | cording to the Standard Statistics Co. jof New York. Little significance at- taches to the decrease, as dividend actions are always more numerous in December than after the first of the year. Details of changes: Favorable. Increased—Fireman's Fund Insur- ance, Collins Co., Fiberloid Corp. and Modine Manufacturing. Resumed—Davidson Co. preferred, Illinois Art Industries preferred, Michigan Electric Power 7 per cent preferred, Michigan Electric Power 6 per cent preferred and St. Louis, Rocky Mountain & Pacific preferred. Extra—Lamont Corliss & Co.. J. D. Adams Manufacturing, Bandini Pe- troleum, Honolulu Oil, Latin American Bond Fund, Security Trust Co. (Lynn), Worcester Salt, Cresson Con- solidated Gold Mining & Milling, Golden Cycle, Incorporated Investors, Devovian Oil, Homestake Mining, Per- fection Stove, W. E. Heller & Co. and Oilstocks, Ltd. Initial—American Products $7 prior preferred, American Products par- ticipation preferred, St. Louis, Rocky Mountain & Pacific and W. E. Heller & Co. Unfavorable. Reduced—Brewing Corp. of Canada $3 preferred, Bishop Oil, Central Trust Co. (Harrisburg), Continental Gin preferred and Pacific Mutual Life In- surance. Passed — Concord Gas, Pilgrim Mills, Standard-Coosa-Thatcher and First National Bank (Cumberland, Md.). JONES ROYALTY TRUST DISTRIBUTES DIVIDEND Announcement is made by the J. Edward Jones organigation, sponsors of the J. Edward Jones Royalty Trust, of the regular monthly disbursement for December of $20.88 for each $',000 certificate of series I. The total dis- bursements for the first eight months of 1934 were $132.08 for each $1,000 certificate. S. H. KRESS & C0. VOTES USUAL DISBURSEMENT By the Associated Press. NEW YORK, January 5—S. H. Kress & Co. declared the regular quar- terly disbursement of 25 cents on the common, payable February 1 to stock of record January 18. BIG STEEL GAIN DUE IN YOUNGSTOWN AREA NEW YORK, January 5 (#)—A survey of the Youngstown steel dis- trict, made for Eastern steel authori- ties, indicates that operations in that district will reach 56 per cent of ca- pacity on Monday, an increase of 6 points over the preceding seven days. At this time last year operations were at the rate of 36 per cent of capacity. PAINT AND WALLPAPER SHOW GAINS IN YEAR NEW YORK, January 5 (#).—Paint and wall paper trades both made sub- stantial gains in 1934, according to Dun & Bradstreet. The former, it was estimated, had production higher by 20 to 35 per cent than in 1933 with sales increased by 15 to 25 per cent. Wall covering output ran 15 to 25 per cent above 1933 in units and dollar value. DIVIDEND ANNOUNCED. NEW YORK, January 5 (#).—Inter- national Cigar Machinery Co. declared the regular quarterly dividend of 45 cents, payable February 16 to stock of record February 1. FOREIGN EXCHANGES. NEW YORK. January 5 (#.—Foreign exchange mixed; Great Britain in doilars, others in cents: ~Great Britain demand. 4.92%5: cables. 4.9272: §0-day bills, 4.91% France deman } Italy demand. we oy : Spain. 13.74: Portusa Gre: 0413 _Poland. 19.02 Czecnoslovnku 41"’1 Yuloll-vu 2. Austria, Y. a1 01 1ac Arsenting 308 Jokio, 2hi0 Shaneh Finland® fifi’»n Hongkon, n—Nominel e PHILADELPHIA PRODUCE. PHILADELPHIA. January 5 (#.—Live poultry, Spring_chickens, Flymouth Rock, fancy, 20: mixed colors,. 16al8: geese. 7y “my unchansed ve pou 2 rades. | 35%a38%: score. 3% 90 score, 82 + 87 score. 3 923 a: 89 score. THE SUNDAY STAR, WASHINGTON, D. C, JANUARY 6, 1935—PART . FIVE. WEEKLY SUMMARY OF THE NEW YORK CURB MARKET FOR WEEK ENDING SATURDAY, By the Associated Press. o= 1034 — High. 103% 4 4% 20% 3 63% 52 14% 86% 8 36 3’% 21‘. 697y 51 11 24 131 29 10% 38y 391 123, 1 10% Low Stocks and dividends. 73 Adams Mill 1st pt (7). 1% Aero Supply Mfg B 3 Agfa Ansco 10 Ainsworth Mfg (kl%). & Air Investors Inc. 39 Ala Great South’n (k"), 321 Ala Pwr pt (6) 5% Allied Mills Inc, Aluminum Co of Amer. Aluminum pf (1%). Aluminum Ltd.... Am Beverage Corp ¢« Am Capital B. .. 4 Am Cap pf (m2%) “« AmCit P& L A (a3) % Am City P&L B (k10c). Am Cyan B (k26c). Am Equities (k10¢ Am & For P wal Am Founders. 4 Am Found 1st pi Am Gas & Elec (1.2 Am Gas & El pf (6). 2 Am Invest Inc.... 10% Am Laundry Mch(40¢ 8% Am Lt & Trac (1.20) % Am Maracaibo. . 11 Am Potash & Chem. 1 Am Superpower. 815 Am Superp pf. . 49% Am Superpower 1st pf.. 3 Anchor Post Fenc: 14 Arcturus Radio Tu % Ark Nat Gas. . %% Ark NatGas A 1% Ark Nat Gas cu pf 14% Armstrong Cork 15 Art Metal Works(t45c). Asso El Ind (k10%) i Asso Gas & Elec Asso Gas & Elec Asso Rayon. Asso Tel Ul Atl Coast Fish.. Atlas Corp. . Atlas Corp war. Atlas Corp pf A (3). Auto Voting Mch(50¢).. Ax-Fish Tob A (3.20).. 104 2% 7 39 28 57 18!, Babcock & Wil (40¢). 24 Baldwin Loco bd rts 11 Baumann (L) pt.. 111 Bell Tel of Can (6) Bickfords Inc pf (2'2).. % Bliss Co (E W). Blue Ridge Corp 30% Blue Ridge cv pf (a3) 2 Blumenthal (S).... & Botany Consol Mills(r). 33 Bourjouis (k25¢)....... 8% Bower Roller Bearing (1 8 Brazil Trac Lt & Powr 2 Bridgeport Machine 5% Brillo Mfg (60¢). . 28*. Brit-A T cou B k94 4-5¢ Brown Co pf.... . 6% Brown Forman Dis. 26 Buckeye Pipe Line (3).- 15 BN&EPDI(160).. 26 Bunker Hill & Sulllvan. & Burco Inc war 4 Butler Bro: # Cable Radio T vte f Cables & Wire A rcts. 14 Cables & Wire B rcts 3 Cables & W pf (k9 910¢). 514 Canadian Ind Alc g 4% Canadian ind Alc B. 13 Canadian Marcont. . 11z Carib Syndicate 514 Carrier Corp 3 Catlin Corp'n. 81 Celanese 1st pf (7). 7 Cellulotd Corp. .. . 5314 Celluloid Corp 1st pf... 8 Cen Hud G & kict(80c). x 9 % Cen & Sown U % Cent States El 1 Cent Sta Elcv pit 4 Centrifugal Pipe (40c).. 9% Charis Corp (1%%) 116 Chesebrough (11 4% Chi R % Chiet Consolidated. 13 ChiidsCopt. 1% Cities Servicy 10% Cities Service pf. 9 Cities Service pf EB 21% Cleve Elec Illum (2). 1’ Cleve Tractor.... % Club Aluminum Uten 5% Cohn & Rosenberger 3% €0IonOll. . evvnvnnee 181 Colt's Pat Fire A(1t%). 65 Colum G & Ecv prf (6).. 3% ColumO &G ViC. . uuans 241; Columbia Pictures (f1). 34'; Comwith Edison (4). 3% Comwlith & Sou war. % Community Water Sve. 8 Compo Shoe M ste 5Uc.. €% Cons Afrcraft. . % Cons A M Co ctfs. % Cons Copper.... 50% Cons Gas Balto (3.60).. 54% 125 Consol Mines & Sm (13) 137 1% Cons Retail Stores. ... 20 Cons Ret St v% pf ww.. 215 Cont Securities Corp. 2% Cooper Bessemer. 14 Cooper Sess pt A ww Cord Corp (kz5¢). . 10% Corroon & Rey pt A 14 Cosden U1l (Maine). . 10%: Courtaulds (k(28%c) 513 Crane Co. 46 Crane Co pf. 954. Creole Petroleum % Crocker Wheeler... 3 Croft Brewing. '/a Crown Central Petrolm. 5% Crown Cork Intl A m75¢ 2 Cuban Tob vte. 16 Cuneo Press (1.20) 74 Cusi-Mexicana Minin, 12 Davenport HOS(Z)suaee 1 Derby Oil & Ref.... 9% Diamond Shoe (60¢). 20 Distill Co Ltd (k74 7-100 8% Distillers Corp-Seag. 3% Doehler Die Casting. 31% Dominton Bridge (2). 2% Dominion Stl & Coal B. 16 Douglas (W L) pf. 67% Dow Chemical (2). 33 Duke Power (3). 4 Duval Texas Suiphur P ————— 314 EBagle Picher Lea 46 Eastern G & F pt (6 % astern States Fow 574 Eastern Sta Pw pr A. 51 Kastern Sta Pw pf B. 215 Basy Wash M B (50c).. 20% Economy Groc Stores. . 8 Edison Bros (kb0¢) 1% Eisler Elec Corp. 613 Elec Bd & Share 2814 Elec Bd & Share pf (). x 36 31 Elec Bd & Share pf (6). x 40% 3% Elec Pw Asso (40c) 4 1 Elec Shareholding. 34 Elec Sharehld pf ww. 2 Electrographic Corp. 1:% Empire Dist £lec pf.... 10% .smpire G & ¥ 6% pf.... 13% Empire Gas&Fuel 6% % 15% Empire G & ¥ 8% pf.... 5 Empire Pwr part lkl). . 1 Equity Corp 30 Eureka Pipe Line (4)... 8% Europ Elec Ltd A (60¢c). % Eur El Ltd debrts. ... # Evans Wallower Lea 3% Ex-Cello Alr & Tool e 51% Fairchild Aviation, 65 Fajardo Sugar. 21, Faistaff Brewing. 714 Fanny Farm C (131% ) 1% Federated Capital. 1% Kideilo Brew. .. 41 Fire Asso (Phila) (2).. 6% Kisk Rubber... 58 Fisk Rubber pf 414 Flintkote Co (A) 8% Fla Pw & Lt pt. 15 Ford Mot Can(A 20 Ford Mot Can(B)(k1%) 51 Ford MOtor Ltd. .....e0 4% Foundation Co (For)... 14% FroedtertG&Mecvpf 1.20 —————————————— 25% 3% 12% Garlock Packing (1)... 1 ieuneral Alloys 10 Gen EI Ltd rets k30 1-5¢ 3% Gen Fireproof. % Gen Invest Corp. 6 Gen Invest pt. 20 Gen Pub Serv pf. 1 Gen Rayon Ltd A 52 Gen Tire & Rubbe 43% Georgla Pow pt (6) 1% Gilbert(AC).... 2% 10% Glen Alden Coal (11%).x 2 4% Godchaux Sugar B.. % Goldfield Consol. % Gold Seal Elec . .. 11 Gorham vtc ext (k% 4% Grand Rap Var 150(:1 Gray Pay Tel Pay S ( Yoo High. Low. 104 Net Close. Chge. 104 2 1AL+ + 4 it Pl N BSeses +1% + % +1% + % siwrssr ¥ IBEIE IR 3 JANUARY 5, 1935, | — 1934 — High. Low. 130 121 26 19% Great Nor Paper (1). 24% 5% Greyhound Cp (Del) % % Groc Store Pr vte, 76% 49% Gulf Oll of Pa. . 6% 6% Gypsum L & Ala. P —————————— 3% Hall Lamp (k30c). 4 Hartman ‘Y'ob Co Ine. 3 Hazeltine Corp (2%) 4 Hecla Mining (40¢) 1 Helena Rubinstein. 19 Heyden Chem (11.35) 11% Hollinger Gold (1.35) 2214 Holly Sugar. . 1% Holophane Co. 161 Horn & Harda: X 90% Horn & Hardart pf (7 8% Hudson Bay Min & S. 33% Humble Oil (1).... #s Huylers of Dela 22 Huyler's Del, 7% pf (4) 215 Hygrade Food 'rod.... 17 Hygrade Sylvan (2). _— 12 HIPwr&Lt6% pf.. ... 10% 111 Pwr & Lt $6 pf. . 128 Imp Oil Ltd cou (180¢) 13 Imp Oil reg(i80c). Imperial Tobacco 28 GtB&I(k1.039-10c). 6% 3% Indiana Pipe L (135c).. 4% 1 Indian Terr {11011 A, .o 57 38% InsCoof N Am (2) . 28 19 IntCigar Mch (2)...... 31% 6% Int Hydro El Sys cv pf. 14% 10% Int Mining (k15¢). 614 31 Intl Mining war, 33% 19% Int Petrolm (12). 31 19% Intl Petrolm reg (11.56) 3 1 Intl Products. 2% 1 IntlSafety R 1% % lntl Ut B... 3 1 Itallan Superpower A... _— 42 JerCentP&Lpf (5%). 1 Jonas & Naumburg..... 51; Jonas & Naum cv pf. 15% Jones & Laughlin Ste. 1% 354 9% 1% Kingsbury Brew. 3 1'x Kirby Pet (klvc) i % Kirkland Lake G (k3c). 68 KoppG&Cpf (6)... 10'4 Kress S H spl pf(60c).. 4% Kreuger (G) Brew..... 82 11% 14% AR sREeReR L > 8 9% 160 122 GrutAlPTn-v ('1).. 1‘7% 135 la'lh +2% 60% 411% Lake Shore Mines(14) 2% # Lakey Found & Mcn. 3 1y Lefcourt Realty. 18 8% Lefcourt Realty pf (1). 10% 5% Lehigh Coal & Nav(50¢) # Leonard Ol 43« 14 Lerner Stor 23 Libby McNeil 3% Lion Ofl Refining. . . 15 Loblaw Gro LtdA f1. 4% Lone Star Gas. .. 2 Long Island Light 455 Long Isiand Lt pf A(7). 36% Long lsland Lt pf B(6). 2% Loulsiana Land & Ex... Ludlow Mfg Asso (6).. 25% Lynch Corp (2) 1% McCord Rad B. . 16 McWilliams Dredg (1). 2 Mangel Stores . 20 Mangel Stores pf ww., 7 Marc I M (k26 9-10¢). 1% Marion Steam Shovel. 1ia Maryland Casuaity..... 3% Massey-Harris I Mavis Bottling (A) (r). Mayflower Asso (2). Mead Johnson (14) Memphis Natural Gas.. Mercantile Stores (1). Mercantile St pt (7) " Merritt Chap & Scott Merritt Chap & S pf A, = Mich Gas & Oil Corp Michigan Sugar... Midl Sta Pet vic A Middle West Util ( Midl West Ut A cv pf(r) Midland Steei Prod Mining Corp of Can Mock Judson Voe (k1) Moh H Pwr 1st 2f (7). Molybdenum Corp. . Mont W A (m10%). Montreal L & P (1'4) 4 Mount Prod 160¢) . 4 100 Mtn Sta Tel & Tel (8) 39 Murphy C 38 45 1% 8% 60 284 Nat BA & Share (1). 13w Nat Fuel Gas (1). 1 Nat Investors. # Nat.rvestors war, t Leather. 354 Power & 3 Nat Rubber Mach. 14 Nat Service Co. . Neisner Bros pf (7). 2 Nelson (H) (k25¢).. 4 Nevada Calif Elec...... ew Bradford 0il (20¢). New Jersey /inc (2). .. New Mex & Ariz Land.. Newmont Mining (k1). N ¥ & Hon Ros (14%).. N Y Merch (13%).. . N Y Pw&Lpf (7). . N ¥ Shipbuilding (40c). X 114‘, N Y Telpt (6%) 3 Niag Hudson Pw... 1% Niag Hud Pw A war. '3 Niag Hud Pw B war 214 Niagara Shares(Md) B.. 7% Niles-Bem-Pond. . 2 Nipissing (k12%) % Nor Am Utility Sec. 50% North N Y Ut pf (7) 8% Northn States Pwr (. 3 Northwest Engineer 17 Novadel Agne (3).. 20 12 Ohio Brass (B) k50c 91 8£3! OhioOflcu pt (6). 4 2% Outboard Motors A. 1% s Outboard Motor B. . —————————— 3 1% Pacific East Corp. 20'; 17% Pac G & E pf (1.37 18% Pacific G&E 1st pr (1 69 Pac Lighting pf (6) 24 Pac Publie Sve pf. 21% Pan-Am Air ‘ksoc)..... % Pantepec ( 11 22% Parke Davis (11.40) 431 Parker Rust Frod (3) 1% Pennroad Corp 3% Penn Mex Fuel (k75¢).. 45% Penn Wat & Pw (3) 69 Pepperell Mfg (6) 7% Phila Co (80c) 2% Phillip Mor Col % Phoenix Sec Corp. 162 Phoenix Securities pf, 4 Pie Bakeries, Inc (40c). 10% Pioneer G M Ltd (80c).. 27 Pitney Bo P (20¢).. 55 Pitts& LB (2%).. 2 Pittsbgh Forgings Co.. 39 Pittshgh Plate G(1.60). % Potrero Sugar, T% Powdrell & Alex 17% Pratt & Lamb (1 1 Premier Gold (12¢). % Prod Royalty (2%c). 14 Prop'ties Real vte % Propper McCalinm 5 Prudential Investor! 8 Pub Sve Ind prpf. 8la Puget Sound P&L lb nl- 514 Puget Sound P&L $6 pf. 33% Pure Oil pt.. 1% Pyrene Mfg. 15% 63 33 # Railroad Share: 5% Rwy & Light Sec. Raymond Consol. .. 17 Raymond Conso Ipf ( ). 67 Reeves (Dan) (50c) 2% Reliable Store: 1% Reybarn Co. % Reynolds Investing. 10 Rice StixDG (2).. % Richfield Oil Cal pf(r).. 7 Roosevelt Field Ine. . % 1 21 163 614 3% 1% 13% 4 2% 8% 45% # 26 Ruberoid Co (1) % St Anthony Gold 5% 1% St Regis Paper. 51 20 _ St Regis Paper pf 1 % Salt Cr Cons (k10c) 7% 5l Sait Creek Prod (80¢) 40% 17% Schift Co (2).. % s Seaboard Util. 4% % Secur Corp gen. 1 1 Segal Lock & Hdw. 1% Seiberling Rubber. 20 Selby Shoe (11.85) 3 Selected Ind 40 Select Ind al 40% Selecd Indus pf E(3%). 3% Seton Leather. . 1% Shattuck Den Min 15% Shaw W & P (50¢) 1 Shenandoah Corp. 12 Shenandoah Corp pf. 47% Sherwin Willlams (3).. 5 27 3 61% 3 24% 27 28 0% 148 13% 1% 17 35% 55 15 2% x 18% ™ % 43 ™ 40‘4 2% 33% 59% 2 g 531 10% 1% 57 55 1T% 90 18t pt (1)... 125% 125% 126% — 25 25 25 + ¥ -t 44+ ++4 4+ &£ W EEFFETER L4444 4+40010 @ EEEEFFEFS FIIF ) 1+ 14+ 4t + £ + + ey & o 10 +++ ¥ ® & 14 + HldrE bttt I+ 4 bbb+ Stocks and dividends. Sherwin- Wms pf (6), 2 Singer Mfg Co (6) Smith (A O).. % Smith Cor Type vte. Sonotone Corp. . . 17% South Penn Oil (1.20) 18% Sou Cal EApf A (1%).. 16% Sou Cal Ed pf B. (1%4).. 14% SouCal EApf C (1%). . 4% Southland Royalty f25¢ x 41 Southw't Penn P&L(4). % Spanish & Gen rets. 60 Spieg-May-Spf (6%)... 9 23 Stand Ca 1(12.80) x 14% Stand Invest cu pf. 1 14% Stand Oil Ky (1) 12 Stand O11 Ohto. . 77% Stand Oil Ohio-pt(5) 1% Stand Pwr & Lt B. 12% Stand Power & Lt pt. % Stand Silver & Lead.. 4 Starrett Corp. 7% Starrett Corp p! 7 Stein (A)&Co % Stein Cosmetics lnc. e 7% Stetson (J B). 1% Stutz Motor Car. 5% Sulllvan Machin 3% Sun Investing. # Sunray Ofl... 7% Sunshine Mine: 13% Swift & Co (175¢) 233 Swift Intl (2). 32% Swiss Am El pf. 1% Swiss Oll Cp (k1 7 Taggart Corp.... 21% Tampa Elec (2.24) % Tastyeast Inc A.. 7% Technicolor Inc. % Teck Hughes(40c). % Texon Oil&Land (17 24 Thermoid Co cu pt. % Tob Prod Export (1 Todd Shipyard (2). 3 Tonopah Mining 1% Trans Alr Trans 19 3 v 1% Trans-Lux DLPS (2 ‘. I'ri-Cont Corp war. . § Trung-Pork-Strs (60). ’4".. T'ubize Chatil Corp. 914 Tubize Chatil A 3 Tung-Sol Lam 17 3 % Un Tobacco.... Un Amer Inve; High. Low. Close. Chge. 108 . 245% 238% 2‘5‘/.“;% FINANCIAL. Net | — 1034 — High. Low. 15 15 108 108 5% Utd Carr 29 314 % 1% 4% 234 20% 17% 16% 5 50 % . 96 32 17% 18% 14% 93% 1% T% 3% BEFESFE 2o Itl++|++++ll+ W USEl P & +4+ R OF eEES 4ttt ++ + FELEP F F 4% 5% 1 5% 1% 19 5 T% 574 17% bl 21% 14% % I 7- Wenden 19 85 114 % Yukon Gold. . . T Btocks and dividends. 3 Unit Alr war. 15 Unit Chem pt pf % Unit Corp war, % Unit Dry Docks ¢r) 3 Unit Founders. 1% Unit Gas Corp.. % Unit Gas Corp 'lr....... 17 Unit Gas Corp pf.. W Va Coal & Cok 7 West Afr Exp West Auto Su Westvaco Chlor pt (1) Williams (RC) (1) 512 Wil-Low Cafe pt.. Wilson Jones (k50c) Woolw'th FW Ltd k74c. “ Wright Harg (160c).... Net lllh Low. Close. Chu 54 NV. 25 F (k55¢)... % Unit Profit Sharing 67% Unit Shoe Mach (N%) WE WW.. U S Finishing (r) U S Foll Co (B) (60¢) US & Intl Sec..... U S & Int Sc 18t pf ww U S Linespt. . U S Playing Crd (1175). ;i Unit Stores vtc. . 2% Unit Verde Exten 1% Unit Wall Paper. % Utah Apex. 13% Utah P&Lpf m % Utll Power & Light..... 4 Utll Power & Lt pf. % Util Pwr & Lt B ctf: 1% Util Equities. . % Utll & Industrial. ... Utl & Indpf....ve 1% Venezuela Mex Oil % Venezuela Petrol Waco Atrcraft. 4 Waltt & Bond A. Walker (Hiram) Walker (Hiram) pf (1)« Watson (J W) Co.veeee Copper. z 3% 12 531 100 174 6 18 28Y% 9% Paddsdst ) % Dividend rates tn dollars based on last austerly o Ve tly aBayan 208 & o Faid & X Ex-dividend. Commodity Price Changes for Week. BY H. N. McGILL, McGill Commodity Service, Auburndale, Mass. AUBURNDALE, Mass, January 5 Editor, Inc | first week of the ” broad advance which resulted in a new high, topping the peak reached late last August. Again price strength was due primarily to agricultural products and particularly live stock. Out of 14 individual groups, 7 aver- | aged higher during the week as com- | pared with the final week of 1934, only 3 groups registered price weakness, while 4 remain unchanged. the group that moved on a horizontal course during the first week of the year. Industrial activity is showing more disposition to mark time, pend- |ing more definite indication of the attitude of the Seventy-fourth Con- ! gress. | Farm Prices Advance. stantially and this group successfully reached a new high exceeding the highest point in 1934 which occurred in early August. Price strength was .| general as during prices developed for wheat, catton, eggs, hay, beans, flaxseed and | butter, while the only two declines were noted in rye and barley. Live stock prices advanced sensa- ticnally. Only a relatively few months ago cattle and hogs were selling at demoralized levels. The cattle mar- ket has advanced over the $8 level as compared with a 1908-1912 average of | $6.68. broad contraction in production in 1934 and the scarcity of feed by ad- vancing well over the $7 level. Building materials represent one of the three groups to average lower as 3 | brick and lime prices were reduced. Non-ferrous metals were fractionally “"[hxgher as the price advance in silver “'mnre than offset the decline in tin * | quotations. Fine textiles moved upward due to 2 general advance in cotton, rayon as well as some finishe goods. Vegetable Oils Higher. Vegetable ofls continued the broad price strength which has prevailed over & period of months and a new high was reached in the first week of the new year, when coconut, cot- tonseed, china wood and palm oils were quoted at higher levels. Corn oil was fractionally lower. Most important price changes in the McGill weekly price index (1926 equaling 100) were as follows: This Last corn, oats, BIREFETIIEES Al Sommodities Industri Acnculrur- 5.—Index of 15 (December staple commodity 1 average equals 1L eauals” 100: Erevious day Hides (pound) Rubber (pound)” Wheat (bushel) Corn (bushel) . gun Vllundred\lellhll un Cotton “(pougd)” © Wool (pound) , Coffee (pound) Sugar _(pound) (Covyrignt. 1935 by Moody's.) Commodity Futures, New York markets as compiled A<~ocln|cd Press Biadley the Futures closed quiet. 1 lower. 4 n: May. 3.66n: ynchanged. 4 et January 7 83, 44 Talys 4000 Prp oM RAW HIDE—Futures closed quiet, 5-10 Egul;r ;\Trrh 9.80n: Jgnr. llflV\h Sep- mber. 10.5 cember. 10.89n. 1.520.000 pounds o0 e CRUDE RUEBER—Futures closed steady. hmm to 5 lower: sales No_1 stand; % 4 G ied Tibbe s!mAR-Pumres Closed steady. ] higher 3 lower: sales. 8.150 tons. 'January. : May. lllbb J\lly 190. ;- Decrmber b. Rio Mo’ 7. 0 m) 7 X (mn bags. September. 10.53b. b—Bid. n—Nominal —— NEW YORK BANK STOCKS NEW YORK. January 5 (#.—New York Security Dealers’ Association: Bid, Asked. b 2 Bank of Manh (2 Bankers' Trust (1), Brooklyn Trust (4). Cen Han Bk & Tr Chase Nat (1.40).... Chem Bk & .54n: May. December. FEE ES Guaranty Tx (20) Irving Tr (1 ‘Wanufnr*lurel’ s Tr ). 9% +2% () —Commodity prices during the| w year recorded a | Industrial prices represent one of | Agricultural prices advanced sub- | the week higher ! Hogs have also reflected the| Radio Corp. common stock. TEXTILE ACTIVITY DECLINES IN 1934 Magazine Predicts Increase of at| Least 10 Per Cent in Next Twelve Months. | | Special Dispatch to The Star. NEW YORK, January 5—“Text‘le‘ activity index, on the basis of incom- plete statistics, and consequently sub- | Jject to further revision, shows 1934 mill activity to have been approxi- | mately 15 per cent below that of 1933 | | and about 12 per cent below that of | the average year in the 1924-31 period, roughly assumed as ‘normal,’ " Textile World will report in its Janu- | ary issue. “Sharp recovery in the last fen} months of the year helped to make | |up some of the ground lost during| the strike. When the paralyzing ef- | fect of the strike is taken into con-| no regular rate. 4% in stock lus in stoc JPlus 8% 1In stocr m Plus 3o in stock. B Plu this year—no regular raf h Payable in scrip New York Cotton By the Associated Press. NEW YORK, January 5.—Cottc was lower today under liquidation at tributed to the easier showing c Liverpool and Bombay. The marke closed barely steady at net declines of 9 to 14 points. There was some selling here for foreign account supplemented by Southern offerings and scattering liquidation. March sold off to 12.56 and July to 12.67, making net losses of about $1 a bale from the high levels of Wednesday. Houses with Liverpool and Bombay connections were reported among the early sellers here, possibly to undue straddles following the recent rather persistent buying in the local market The amount of cotton on shipboard awaiting clearance at the end of the week was estimated at 86,000 bales against 218,000 last year. ‘The range follows: sideration, and when the better-than-| normal showing of 1933 is recalled, the standing of 1934 in relation to bad. Our opinion as to the outlook for 1935 is unchanged; we look for at | least a 10 per cent increase in textile mill activity over 1934. | “Prices during December, as re-| flected in Textile World's index num- bers, held remarkably steady, with the exception of raw silk, which | showed a sharp increase and gained 2 points. In the cotton group the only changes were gains of 1 point | each in raw cotton and gray cloth,; while in the wool group tops alone | lost a point.” CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, January 5.—The fol- | lowing is teday's summary of corpora- tion news prepared by Standard Sta- tistics Co., Inc., New York. United Alrlines Transport Corp— | 3e United Airlines in conjunction with | ¥ Cunard Steamship Co. is offering a! | combination around the world plane- | steamer-plane service, minus the; trans-Pacific leg. Packard Motor Car Co.—New Pack- ard 120, lower priced line of company, is priced from $980 to $1,095, f. o. b. Detroit; seven models are included in the new line. Westinghouse Electric & Manufac- turing —Chairman of company fore- cast that directors would take action | January 8 on a proposal to distribute Wright-Hargreaves Mines, Ltd— Estimated production of company fm'I three months ended December 31, less | tax, was $1,625.000 on the basis of | 86,966 tons milled. Standard Oil Co. (New Jersey)— Declared a dividend in common stock of Mission Corp. on basis of 1 share of Mission for each 25 shares of | Standard of New Jersey; assets Mission Corp. consist principally 1,128,123 shares of common stock Tidewater Associated Oil Co. Pittsburgh & West Virginia Ry.— It was said the sharp increase in com- pany’s traffic might obviate the neces- sity of the road getting a loan from the R. F. C.: company made applica- tion to R. F. C. for funds to pay interest due December 1, 1934, on $3,000,000 first mortgage bonds; loan was approved on the condition that Pennroad Corp. guaranteed it; latter refused to guarantee the loan and| Pittsburgh & West Virginia filed another application asking that order demanding Pennroad guarantee be modified. Edison Bros. Stores, Inc.—Sales, 12 months ended December 31, were 32.7 per cent; stores in operation at end of 1934 amounted to 85 against 75 on December 31, 1933. Grant (W. T.) Co.—December sales were up 14.1 per cent; 12 months up 9.1 per cent. Sears, Roebuck & Co.—Sales, four weeks ended December 31, were up 13.3 per cent; 48 weeks up 17.7 per cent. Willys-Overland Co.—Prices on 1935 | Willys 77-A were announced as $395 | for the coupe and $415 for the four- door sedan. Dow Chemical Co.—Company has completed negotiations for private sale to institutions of $3€00,000 2'> per cent serial notes, dated January 1, 1935, and maturing in one to five years; proceeds will be used to redeem company’s 6 per cent debentures, ma- turing 1940, outstanding in amount of $1,615,000, and for additions and bet- terments to plant. Associated Gas & Electric Co— Electric_output of system for week ended December 29, 1934, mcreased | 5.8 per cent over like 1933 period; four weeks ended December 29, gnl.n was 5.3 per cent. Consolidated Gas Co. of New York— John E. Mack, counsel for Joint Leg- islative Committee investigating pub- lic utilities, has invited F. L. Carlisle, chairman of the board of trustees of company, tc confer with him on Janu- ary 8 on proposals for fixing electric rates in New York City. ¥ the previous year does not scem at all | 5¢¥ n—Nominal. Cottonseed Oil. Bleachable cottonseed oil was easy today, closing 4 to 10 points net lower, under increased selling of May and July by cotton houses, promoted by the reactionary trend in lard. Sales were 60 contracts. Bleachable spot nominal; January closed 10.96, March 10.85; May, 10.87; July, 10.88. e U. S TREASURY NOTES. NEW January 5 (P.—Pr.c quoted ln dclms and thirty-seconds: Approx ed. yield J nr BONED FLORIDA SHAD (Stnce 1858.) P 1107 Connecticut Avenue Avplications invited for Loans on apartments, business and residential Droperties. Tyler & Rutherford, Inc. Mortoage Loan Correspondents Mutual Benefit Life Insurance Ci 1520 K St. N.W. Na. 04 This 4-drawer steel letter file ‘4.50 CFFICE FURNITURE ALWAYS LESS AT BAUM’ 1416 Eye St. N.W. Massachusetts Investors Trust Prospectus on Request William W. Mackall, Jr. Investment Securities 218 Woodward Bldg. District 8481 $1 Will Open An Account s% On Savings Home Loan & Savings Ass'n 1505 K St. N. W, Under Supervision, S. Treasury Dept. First Mort, Loans on Property in D. C., Neardy Md. and MONEY == LOAN 6% No Renewals No Commissions $10.00 Per Month Per $1000.00 COLUMBIA _PERmMAnenr " BUILDING ASSOCIATIOI 733 12th St. N.W.