Evening Star Newspaper, January 8, 1935, Page 12

FINANCIAL. DIVIDENDS VOTED BY RIGGS BOARD Payments on Both Common and Preferred Stocks Are Ordered. BY EDWARD C. STONE. Directors of the Riggs National Bank declared three dividends at their regular meeting held late yes- terday afternoon. Following adjourn- ment President Robert V. Fleming an- nounced that there had been declared the regular semi-annual dividend on the preferred stock of the bank, pay- able on February 1 to stockholders of record December 31, 1934. Mr. Fleming also stated that the board had declared the regular quar- terly dividend on the common stock of $2 a share, payable January 15, to stockholders of record December 31, 1934, and $2 a share, payable April 15, 1935, to stockholders of record March 30, 1935. New Bank Directors Elected. ‘Twelve Washington banks held their annual stockholders’ meetings this noon and, as noted elsewhere in The Star, elected directors for 1935. Seven new directors were named and practically all the present directors were re-elected. Riggs added four, Ernest E. Norris, vice president of the Southern Rail- way Co.; Lloyd B. Wilson, president of the Chesapeake & Potomac Telephone Co.; George O. Vass, vice president and cashier of the bank, and Hilleary G. Hoskinson, another vice president of the bank, Lincoln National added two new members to the board, Franklin W. Harper, president and treasurer of the E. Morrison Paper Co. and T. Howard Duckett, a Prince Georges County banker and chairman of the Wash- ington Suburban Sanitary Commis- &lon. The Hamilton National Bank elect- ed Thomas N. Beavers to the board, the new member being vice president of Peoples Drug Stores, Inc., and wide- ly known in business circles here. The National Savings & Trust Co. is also holding its annual meeting to day, the session being due to open at 4 o'clock. Sharp Upturn Reported. Definite evidence of a decided up- turn in national sales and collection conditions during the holiday season is revealed in the January survey by the National Association of Credit Men, details of which were received here to- day. The study covers 98 major com- mercial markets in the country. The extent of the betterment is es- pecially noticeable in a comparison of figures for the past December, and those of December, 1933. In sales, for instance, 33 cities report “good” as compared toaonly eight reporting “good” sales in December, 1933. In collections the number reporting “good” rose in the year from 8 to 28. Those cities reporting “good” sales in the current survey are: Phoenix, Ari; Los Angeles, Calif.; Oakland, Cali San Francisco, Calif.; Haven, Conn.; Washington, D.C.; Tampa,Fla.; Chicago, Ill.; Indianapolis, Ind.; Ot- tumwa, Towa; Wichita, Kans.; Louis- ville, Ky.; New Orleans, La.; Balti- Detroit, Mich.; Flint, .; Grand Rapids, Mich.; Minne- apolis, Minn.: Charlotte, N. C.; Grand Forks, N. Dak.; Knoxville, Tenn.; Memphis, Tenn.; Austin, Tex.; Fort Worth, Tex.; Houston, Tex.; San An- tonio, Tex.; Waco, Tex.; Salt Lake City, Utah; Lynchburg, Va.: Norfolk, Va.; Richmond. Va.; Roanoke, Va.; Seattle, Wash. Those cities reporting “good” col- lections included Baltimore, Md., and Lynchburg, Norfolk, Richmond, and | Roanoke, Va. Besides these cities which reported “good” in the sales and collections | classifications, 54 reported sales as “fair” and 55 found collections to be “fair.” Changes in Bank Items. Twenty-eight member banks in_10 leading cities of the fifth Federal Re- serve district make weekly reports of condition to the Federal Reserve Bank of Richmond. Between November 14 and Decem- ber 12 in 1934 there were greater changes in the statement than in any other recent month. The total loans and discounts showed a net de- cline of $27,000, loans on stocks and bonds rising by $679,000 while all other loans decreased by $751,000. ‘The reporting banks also decreased their investments in securities by $1,297,000, and reduced their reserve balance at the reserve bank by $8, 176,000 between the middle of No- vember and the middle of December. Cash in vaults rose by $1,366,000 during the month, a seasonal increase due to a need for additional cash with which to carry on the holiday trade. Demand deposits declined $7.259.000 during the month under review, and time deposits dropped $1,182,000, the latter a usual development at this time of year when withdrawals from savings accounts are made for pay- ment of taxes and holiday purchases. None of the 28 reporting banks were rediscounting at the Federal Reserve Bank of Richmond on either Novem- ber 14 or December 12, the Richmond Bank reports. Insurance Directors Named, At the annual meeting of the stock- holders of the Firemen's Insurance Co., held late yesterday, the old board of directors were re-elected as follows: Edward C. Baltz, Millard T. Dixon, Raymond K. Espey, Leroy Gaddis, jr.; Parke A. Galleher, Willlam W. Hoff- man, J. Logan Hopkins, Albert W. Howard, Charles H. Kindle, John H. Snyder, Schuyler S. Symons, Albert ‘W. Walker and James M. Woodward. Washington Railway & Electric 4s opened trading on the Washington Stock Exchange today, $1,000 selling at 99':. Washington Gas 5s, 1958, appeared in a $1,000 sale at 101%, while Washington Gas 6s, series B, moved at 103'5. Potomac Electric Power 6s were strong, a $1,000 sale taking place at 110. Potomac Electric Power 51 per cent preferred stock again registered 111 and Mergenthaler Linotype came out at 30, same as other recent sales. —e- Large Gain Shown In 1934 Business Of New York Life By the Associated Press. ST. PETERSBURG, Fla., January 8 —Sixty million dollars more new business during 1934 than in 1933 was procured by the New York Life Insurance Co., Vice President Walker Buckner told company officials and agency directors assembled in mid- ‘Winter convention here yesterday. During 1934 assets of the company substantially increased, demands for policy loans became normal. and a large number of annuities have been effected, Buckner said. A —1034 = High. 11% 85 4% 11% kel us 3% 23% T sv. 6% IGMA 28! 2:30 p.m. Low. 6 Adams Expres; 70% Adams Ex pf (6). 16 Adams Millis (2). 6% Addressograph. 34 Advance Rumley. 91% Air Reduction (3) 1% Afrway Elec Appli.. 16% Alaska Jun (1120). 2% Albany Wrap Pap: 1% Alleg Corp (k) 4% Alleg Cp Wflow( 115% Allied Chem 10% Alll--chllmar 11% Alpha P Cem (a25e) 214 Amal Leather...... 39 Amerada Corp (2).. 25% Am Ag Chem Del(2) 11% Am Bank Note..... 19% Am Brake Shoe 80c. 96 Am Brake Sh pf (7) 90% Am Can (5) 152% 126% Am Can pf (T)..euun 33% 56% T0% 621 1315 2% 5 13% 0 12 Am Car & Foundry. 32 Am Car & Found pf. 46% Am Chicle (13%)... 20% Am Comcl Alcohol.. 6% Am Crystal Sugar.. 46% Am Crystal Sug pf. 1% Am Encaustic. . 37 Am & Foreign Pwr.. 1M Am & For Pw pf (7) 6'% Am & For Pw 2d pf. 10% Am Hawalian SS(1) 17% Am Hide & Leath pf 26% Am Home Prod 2.40 3 AmlceCo... 4% Am International... % Am La France (k).. 143 Am Locomotive.... 35% Am Locomotive pf. 12% Am Mch & Fdy (1).. 127% Am Metals..... . 3 Am Power & Light. 9% Am P&L $5 pf (1%) 11% Am P&L $6 pf (1%) 10 Am Radiator. . 13% Am Rolling Mill 86 Am Safety Razor(4) 214 Am Seating. .. % Am Ship & Com. ... 17% Am Shipbldg (2). 30% Am Smelt & Ref T1%°Am Sm&Ref 6% nl. 100 Am Sm&Ref bf (7). 37 Am Stores (t2%) 46 Am Sugar (2).. 13% Am Sum Tob (1). 100' Am Tel & Tel (9)... 65% Am Tobacco (5) . 67 Am Tobacco B (5).. 7% Am Type #drs pf (k) 12% Am Water Wks (1), 54 Am Wat W 1st (6).. 7 Am Woolen. . 36 Am Woolen pf. 1 Am Writ Paper 3615 Am Zinc & Lead p 10 Anaconda Copper 9% Anaconda Wire. 31 Anchor Cap (60¢) 264 Archer-Dan-M (1).. 76% Armour Del pf (7).. 31 Armour of Illinols. . 46% Armour IIl pr pf (6) 54 Armourof Ill pf.... 3 Arnold Constable. .. T4 Asso Dry Goods. . 46 Asso Dry G 1st pt 36 AssoDry G2dpf... s 45% Atch To & S F (h2). 10% 16 64% 70% Atch To&S F pf (5). 241; Atlantic Coast Line 2135 Atlantic Ref (1)... 35% Atlas Powder (2)... 83 Atlas Powder pf (6) 515 Atlas Tack. .. 5 16' Auburn Auto. 391 Austin Nich pf A(5) 3%, Aviation Corp Del 4% Baldwin Loco 16% Baldwin Loco 12% Baltimore & Ohio 161 Barker Brothers pf. 57 Barnsdall Corp. 23 Bayuk Cigar (h1) 89 Bayuk Cig 1st pf(7) 10% Beatrice Creamery. 58 Beech-NutP (13%) 8% Belding-Hem (h50¢) 95% Belg Nat pt pf(7.02) 9% Bendix Aviation.... 12% Beneficial Loan 1%. 26 Best& Go (1%) 24% Bethlehem Steel . 547 Bethlehem Stl pf. 19% Bigelow-San Corp. . 6 Blaw Knox.... . 17 Bloomingdale (40c) 88 Bloomingdale pf (7) 6% Boeing Aeroplane. . 4413 Bohn Alumné& Br(3) 76 Bon Ami (A) (15).. 19% Borden Co (1.60)... 16% Borg Warner(t1%) 12 Brigss Mfs (1).... 14 Briggs&Straton (2) 26 Bristol-Myers 12.40 28Y% Bklyn-Man T (hl1l3. 821 Bklyn-Man T pf (6) 3% Bklyn & Queens.... 46 BKlyn Union Gas(3) 31% BkIn&Queens pf(4). 45 Brown Shoe (3).... 4 Brunswick-Balke... 31 Bucyrus-Erie. . 6 Bucyrus-Erie cv pf. 50 Bucyrus-Erie pf (2) 3 Budd (EG) Mfg.... 16 Budd (EG) Mfgpf. 2 Budd Wheel 57% Bullard Co. . 2% Bulova Watch 1 Burns Bros (B). 10% Burr Add M (40c).. % Bush Terminal (k).. 2% Bush Term deb (k). 5% Bush Tr Bldg pf ct.. 1% Butterick Co. 13% Byers (A M) 18% California Pkg(1%) 14 Callahan Zinc. ... 2% Calumet & Hecla. 6 Campbell-Wyant... 12% Canada Dry G A (1) 107 Canadian Pacific. .. 2814 Cannon Mills (2)... 26% Cap Admin pf A (3) 35 Case (JI)Co...eue 56% Case (J I) pf (4)... 23 Caterpillar (1) 17% Celanese Corp 1% Ceotex Co (k) 615 Celotex o pf (K)... 31 Certain-teed Prod 17% Certain-teed pf.... 3914 Ches & Ohjo (2.80). 84 Ches-Corp (2%) 1% Chi & E Il pf (k). 1'2 Chi Great Western.. 2 Chi Mil St P& Pac.. 3% Chi Mil St P &P pf.. 31 Chi & Northwestern 6% Chi & Northwest pt. 3% Chi Pneumatic Tool 14% Chi Pneu Tool pf... 1% Chi R 1 & Pac (K)... 2 CRI1&P6% pf (k) % CR1&P 7% pf (k). 19% Chickasha C O (2) 3% Childs Co. 29% Chrysler C 67 City lce & F of 6% 1 City Stores (k) . % City Stores ctfs 95% Coca-Cola (17)... 9% Colgate-P P (50¢) .+ 68% Colg-Palm-P pf (6) 10 Collins & Alkman. . 74 Collins & Afk pf(7). 3% Coto Fuel & Iron(k) 16% Colorado & South... 13 Cole & Sou 1st pf... 11 Colo & Sou 2d pf.... 6% Col Gas & Elec. 52 ColG&EIlpfA (6). 211 Colum Pic vte(m1).. 58 Colum Carb (3.40) 18% Comel Credit (2). % 23% Comel Cred pf (1%) 91% Comcl C 1st pf(63%) 24 Comgl Credit(B)(2) 35% Comcl Inv Tr(t23%) 91 Comcl Inv cv pf(e6) 15% Comcl Solv (60¢)... 1 Comwlth & South. . 21% Comwith & S pf (6) 22 Congoleum-N (1.60) 5% Consol Cigar. 1% Consol Film. . 10% Consol Film pf (32 . 18% Consol Gas N Y (1). 71 Consol Gas pf (6) .. 7% Consol Ol (h42¢c) .. 1 Consol Textile. ... 6% Container Corp (A). 2% Container Corp (B). 23% Contl Insur (fl.ll). % Cont! Motors. . . 15% Contl O Del lhlon).. 55% Corn Prod Ref (3) .. Stocl Sales, Stocks and dividends. THE EVENING STAR, - WASHINGTON;, TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE[SI)(KS IREGULAR Received by Private Wire Direct to The Evening Star. % 6% 114% 119 116% 152 Bantuamnman o S wa oo rualee ST o= oSt . * 184 424 67 w4 205‘1 841y 864 14% 14% - s S - Fous 8% 361 24% 407 107 1071 lfl7l: % 29% 63 5% 6% 25% 147% 36% h',u 1 102! 17% TT% 13 114% 114 114w 1% R O 3 e % 308 4 4 5 28 2 41% 90% 1% 5% 4172 18 184% 101% ll'll% 101% + % 14% 14% 85 1% 19% 8% 1% 6% 138 17 19% 3% 50% 50% 14% 29% 119 116 152 18% 4% 109% 109% 1241 124% 1245 17% 41% 667 23% 105 84 86 14% 14% 59 8y 434% 1% 38 11% 17 1T% 90% Bth 84 35% 24% 407% % 2T% 63 5% 6 24% 14 36 6% 44 108 17% 75 12% 16% 17 86% 33% 75% 24 128 95 59% 95 4% 30 28 24 4015 90 1 L) 169% 172 +4 18 bk = % 114% -1 1% + % 19% 4+ % 3%+ U 1% — % 6% — % 138 -2% 17 =% 19% - % 3% 51% —1% 1% + % 4h - % 29% -1 115% = % 162 18% Crown Cork & 8 (1). 3% Crown-Zellerback, . :z Crueible Seel. . 13% Curtis-Publishing. . 48'% Curtis Pub pf (6 2% Curtiss Wright. . 5% Curtiss Wright (A 11 Cntler Hammer.... 6 Davega Strs (a10c). 10% Deere & Co.uuvuaes. 10% Deere & Co pf (40¢) 35 Delaware & Hudson 14 Del Lack & We: 3% Den&RG Wpt.... 63 Detroit Edison (4).. 105y 108 21 Diamond Match (1). 28% Diamond M pf (1%) 82 Dome Mipes (13%). 11 Dominion Strs(1.20) 144 Douglas Aircraft... 5 Dresser Mfg (B).... 80 Du Pontde N (2.60) 1% | 128% 1156 Du Pont deb (6).... 15| 107 90 Duquesne Lt 1st (5) 124 43 Eastern Roll Mill; 116% 79 EastmanK (T4%).. H1 120 Eastman Kod pf(6). 12 Eaton Mg (1)....e 6 Eitington-Schild. .. 15 Electric Auto Lite., 80 Elec Auto Lite pf 1. 3 Electric Boat 4% E1 & Mus Ind 2% Elec Pwr & Lizht. .. 6% Elec Pwr&Lt $7 pf. 34 Elec Stor Bat (2). % Elk Horn Coal (k).. 10% Eng Pub Svc $5 pf.. 13 Eng Pub Sve $6 pf.. 5 Equit Office Bld 9% Erie R R. 14% Erie R R 7 Eureka Vac C1(80c), 9 Evans Auto P(50¢). 19% + % 44 +2% 68Y% — % 31 -% 8 L kd % 1 Fairbanks Co 7 Fairbanks-Morse. .. 30 Fairbanks-Mrs pf.. 4 Fed Lt & Trac...... 34! Fed Lt&Trac pf(6). 274 Fed Motor Truck... 2 Fed Screw Works. .. 1 Fed Water Svc (A). 20 Fed'd D Stores (1) 23 Filene's Sons 11.20. 13% Firestone (40c).. 71 Firestone ptA(6).. 53 First Nat Strs(2%). 2 Follansbee #ros (k) 814 Foster-Wheeler. ... 6% Foundation Co..... 17% Fourth N Inv(h85c) 81 Fox Film (A).... 20 Franklin Simon pf.. 21% Freeport-Texas (2). 18 42 67 2% 84 B8O 14% 14% 59 9 44' ++1+0 010 50% 20 11% 43% 23% 14% 104 12 59% 26% 12% 867 1% 6435 al 42 1 109 6% 8 Gamewell Co . 5% Gen Am Investors.. 30 Gen Am Trans(1%) 12 Gen Asphalt 6% Gen Baking (R65¢) w 5 GenBronze........ 43 Gen Cable (A).... 27 Gen Cigar (17).. 16% Gen Electric (60¢c). 11 Gen Elec Spe (60c).. 28 Gen Foods (1.80)... % Gen Gas & El (A). 51 Gen Mills (3).. 24% Gen Motors (1) 89% Gen Motors pf (5). 3% Gen Outdoors Adv 2 Gen Public Service. 231 Gen Ry Signal (1). 1 Gen Realty & Util. .. 10 Gen Realty&Util pf. 104 Gen Refractories. .. 10 Gen Refracctfs.... 814 Gillett Saf Ras (1). 47 Gillette Saf R pf(5) 15% Glidden Co (11.15). 83 Glidden Co pr pf (7) % 3% Gobel (Adolf). 16 Gold Dust (1.20) 8 Goodrich (BF). 35% Goodrich (B F) pf. 18'% Goodyear T & Rub.. 64 Goodyear $7 pf (4).. 3% Gotham Silk Hose. . VA4l ++4+0 181+ FEIAR FE RIS FEFEFIESL 25% 14% 36% - W % - % “ -% 17% + % 13 16% — % - 4 Grand Union.. . 23 Grand Union pr (3). 12% Great Northern pf.. 813 Grt Nor Oreg(h50¢) 25 Grt West Sug(2.40) % Guantanamo Sugar. 12 Gulf Mobile&N pf.. 15% Gulf States Steel ... 27 Hack WptfA (1%). 31 Hann Dept Stores. . 3% Hamilton Watch... 13 Harb Walker (50¢c). 87 Harbison & W pf(6) % Havana Elec RY... : 14 Hayes Bod %| 121 5y Hercules Mot(175¢) %| s1% 59 Hercules Pw (13%) %] 125% 111 Hercules P pt (1) 481 Hershey Choc (3)... 83 Hershey C pf (15).. 4% Holland Furnace. .. 11 Houd-Hersh A j2%. 2% Houdaille-Hersh B. 12% Houston Ofl........ 215 Houston Oil (new) .. 35% Howe Sound (3).... 4 Hudscn Manhattan, 6% Hudson Motor Car.. 1% Hupp Motors.... -_— 13% Illinots Central. . 19% Indus Rayon (1.6 73% 49% Ingersoll-Rand (2). 56 34% Inland Steel (h50c). 6% 2% Inspiration Copper. 4% 2% Insur-Sh ct MA(10c) 17% 5% Interboro RpTr(k). 11% 4 Interlake Iron. 6% 2 Int Agriculture 37% 15 Int Agriculture pf. 164 131 Int Bus Mach (p6).. 5 12% 4% Int-Carriers Ltd 20¢ 99 +1%| 37s 185 Int Cement (h25e). 9% +141 467 23y Int Harvester (60c) 33% = %| 137 110 Int Harvester pf(7) 4 = %| gy 2) Int Hydro Elec (A). 29% 21 Int Nick Can (60c). 6% 2 Int Paper & Pw (A) 3% % Int Paper & Pw (B) 24% 81 Int Paper & Pw pf.. 25% 9 IntPrint Ink h50c.. 5% 2 Intercontl Rubbe: 82- 21 IntSalt (1%). 50% 38 Int Shoe (2). 8416 59 Int Silver pf ( 17% 7% Int Tel & Tel. 16% 3% Interstate Dept Strs 36 24% Island Crk Coal (4). —— 571 33 Jewel Tea (13%4)... 663 39 Johns-Manville.. 77 45 Jones&Laugh7%pf —_— 27% 10% Kans City South pf. 10% 6 KautmannDeptS40o 18% 137% Kayser(J)&Co h50c. 4% 1 Kelly Spring Tire.. 20 5 Kelly Sp Tire 6% pf T4% 2% Kelsey-Hayes (B) 21% 11% Kelvinator (170c 65% Kendall pf (16.92). 16 Kennecott (h46c) 18% 9% Kimberly-Clark. 7% 3 Kinney (G R) Co 41 13% Kinney (G R) pf... 22% 13% Kresge (SS) (1)... Pl4+140 31 FREETS FETEF OEP 41+ 01+ 11% V4% 4| 100 ) i 2 K] Pi+1+ +++1 4] 32% EEFEE FF FF F P 591 EFEFREE W 40% -1% 90 - % l'/u 23% 18% -_ 31% 224 Lambert Co (3)..... 14% 7 Lee Rub&Tire (50c) 20 11 Leh PortCement... 3% — % 4% - % 42% +1% + % 920 5 21% 8 43% 24 73% Leh Port C pf (3%) 216 Lehigh Valley Coal. 9% Lehigh Valley R R. 64Y% Lehman Corp (2.40) 221 Lib O-Ford G1(1.20) 17% Life Saver (1.60)... 741 Ligg & Myers B(15) 16 Lily Tulip Cup(1%) 15!{ Lima Locomotive. . 11% Link Belt (60c). 16% Liquid Carb (t1 “) . 16% Lorillard P (12. ID)-. 22% -% mg 102 Lorillard (P) pf ('l) % 1 12% + %) .28% m+ Ul 21 6% — K| 62% 1 + %| 19% 66% + | 97 3+ % 1% + W 424 17% - % 32 12% % Loul 7% Louisiana O1l pf.... 12 Loulsv GEE(A)1%. 37% Louisv & Nash (h3). 8% Ludlum Steel. 60 Ludlum Stl pf (6%) 30 Mac Andrews&F 13. 24 McCall Corp (2).... 13 McCrory Burs A (k). A 2:56 et Low. Close. Chge. 6 36% 97 129 106% 105% 8 % 117 116% 142 142 18% 18% Tw Th 28% 27% 108% 108% 7 6 5% - - O 10 T30 1010 O e 2 00 et e % 2% T 48% % 15 1 7‘6 1’% ll‘i 22 6% wl 36% + % EE2E FF OFE EFEEFEEF 106% 8 4+ 116% 142 lfl"’« + EFFP FFE F P FEPFESSE T4+ +000 000 L+ 6 106% +1 9% + W BU - % 8% - % 16% —1% 3 625 421 12% =% Bl D. €, ~ 1034 — Low. 12% 1% McCrory Strs B (k). 50% 3815 McIntyre Porcu (2). 96% 79 McKeesport T P (4) 9% 4% McKesson & Rob... 42% 11% McKesson & Rob pt 17% 1 McLellan Stores (k) 41% 22 Mack Truck (1).... 62% 35% Macy (R H)& Co(2) 7 2% Madison Sq Garden. 156% Magma Copper (2).. 10% Manhat Shirt (60c: 4% Marancha Corp.... 5% ne Midld (40c). ket Street Ry. . 13508 3 Market S: Ry pr pl. 6708 2 Market St Ry pf.... T0s 1 Market St Ry 2d pf..280s 17 Marlin-Rockwell(2) 3 8% Marshall Field 4 Martin Parry. AT AR R EANANON Dividend Rate, Add on !Ilh. 10% » TUESDAY, JANUARY 8, 1935. 2:30 p.m. Stocks and Sales 4 Sharp & Dohme. 6% Shattuck (FG) 25¢c.. 8 Silver King C M 40c 8% Simmons Co....... % Simms Pet rolm(1). 6 Skelly Oil.... 15 Slogy-Sheffield. 18 Sloss-Sheffield pf 6% Swider Packing. 10% South Cal EG (1%). 14% Southern Pacific... 11% Southern Railway.. 30% Spalding(AG)1st pt 30 Spng Chlfnt pf (j1). FINANCIAL Dividend Rate. Add 00 m 123, 49% 23% 18% 3% 284 81% 3274 170 15 187 8% 26% 45 Ta4% 36% 15% 7 27% 1a% 19%, 108 3 25 47 94 6% 11t 6l 23% 37 116 9 119% oY% 14% 80 19% 9% 55% New York Cotton 231% Mathieson Alk(1%) 30 May Dept Str (1.60). 49 Maytag 1st pf 26 Melville Shoe (2)... 3% Mengel Co.. 20% Mesta Mach (1%) 2% Miami Copper...... 9% Mid-Cont Pet(h50c) 64 Midland Steel Prod. 44 Mid St1 P 1st pf (4). 1% Minn Moline Pow. . 15% Minn Moline Pow pf 1% MStP&SSMisin 4% Mo Kan & Tex: 12 Mo Kan & Te: of. 2% Mo Pacific pf (k).., 12% Mohawk C M (h25c) 39 MonsantoC (1)..... 20 Montzomery Ward. 37 Morrell(J)&Co 3.60. % Mother Lode. . 156% Motor Product 6% Motor Wheel 5% Mullins Mfg 12% Mullins Mfg 3% Murray Corp.. 14 Myer(F E)&Co 1.60 12% Nash Motors (1).., 19% Nash Chat & St L., 3% Nat Acme Co 3% Nat Bellas H of (k) 25% Nat Biscuit (2).... 12 Nat Cash Reg A 50¢ 13 Nat Dairy Prod 1.20 1 Nat Dept Store (k). 6 Nat Dp St Ist pf(k). 16 Nat Distillers (50c) 16!% Nat En & Stpg (h1) 185 Nat Lead (5). 6% Nat Pwr & Lt (80¢). 3415 Nat Steel (1) 10 Nat Supply Co 83% Nat Supply pt 9 at Tea (60c). 6% Neisner Brother: 5% Newport Industries 11% N Y Alr Brake.. 18% New York Central 16 NYC&StLpf..... % N Y Investors (k).. 6 N YN H & Hartford 10 NYNH&HDp!L... 9% N Y Shipbldg (40c). 72 N Y Shipbldg pf(7). 90 N Y Steam 1st (7).. 30% Noranda Mines (h2) 161 Norfolk & W (110). 2% North Am Aviation. 10% North Amer (1).... 34 North Am Co pf (3) 47% North Am Ed pt (6) 1415 Northern Pacific... 81 Ohio O1l (h45c).... 2 Oliver Farm Equip. 9 Oliver FEqprpfA. 5% Oppenheim Collins. 1215 Otis Elevator (60c). 92 Otis Elev pf (6) 3% Ous Steel.... 9 Otis Steel pr pf. 32% Outlet Co (2) .. 60 Owens-111 Glass (4) 1% Pacific Coast. 31 Pacific Coast 1s 2 Pacific Coast 2d 12% PacificG & E (1%). 20% Pacitic Lighting (3) 103 Pacific T & T pf (6). &' Pac W'n Oil (h40c). 2% Packard Motor... % Panhandle Prod&R. 7 Panhandle P &R pt 1% Par-Publix ctfs(k). 2% Park Utah........ 13 Parmelee Transporl 1 Pathe Exchange 10% Pathe Exchange 9% Patino Mines 1 Peerless Motor. 44% Pennick & Ford lZ). 514 Penney (J C) 1.20.., 2% Penn Dixie Cement. 12 Penn-Dixie C pf(A) 0% Penn R R (h1) 19Y% Feoples Gas Chi 12 Pere Marquette.... 9% Pet Milk (1).. #1, Petrol Corp (h30¢) . 13% Phelps Dodge(h7ic) 24% Phila Co $6 pf (3).. 2 Phila Rap Tran (k). 3% Phila & Read C& 1. 11% Philip Morris (1)... 13% Phillips Petrol (1), % Plerce-Arrow (k) % Pierce Ofl...... % Pierce Petroleum.,. Tis Pittsburgh Coal.... 415 Pitts Screw & Bolt. 15% Pitts Steel pt... T% Plymouth Oil g75e.. 6 Poor&Co(B)...... 1 Port Ric Am Tob B, 10Y4 Postal Jel & Ca pt.. 1% Pressed Stl Car (k). 5% Pressed Stl C pt,(k) 383% Proc & Gamb (1%3). 25 PubServNJ (2.80), 78 Pub Serv N J pf (6). 87% PubServ N J pt (7). 105 Pub Serv N J pf (8). $5% Pullman Inc (3) 6'4 Pure Oil. & 49 Pure Oil p! ®% Purity Hakerlul ) 4l Radio Corporation.., 28% Radio Corp pf (A).. 15 Radio Corp pf (B).. 1% Radio-Keith-Or (k) 14%: Raybestos-Man (1). 5 Real Silk Hostery 1% Reis (Robert) 5% Reis (Robert)1; 6 Remington-Rand... 32% Remington-R 1st pt 30 Rem Rand 2d pf 2 Reo Motor Car, 10% Republic Steel 331 Republic Steel pf... 46 Revere Cop & Brpf. 15% Reynolds Metals(1) 6% Reynolds Sp (40c).. 57 Reynolds Tob (3) 39% Reynolds Tob B (3 207 Roan Antelope Ltd. 28% Royal D(h1.35 3-10) 38y Safeway Stores (3) . 84% Safeway Strs pf (6) 15% St Joseph L (h30c). 1% St L San Fran (k).. 1% St L San F pf (k).. 17% Schenley Distillers. 3 Schulte Retail Strs, 1% Seaboard Air L (k). 20% Seab'd Oil(Del) (1) 31 Sears Roebuck. . 1% Second Nat Inve: 82 Sec Nat Inv pf (i2). 100- 2% Sparks-Withington 5% Sperry Corp (25¢).. 6 Spicer Mfg......... 21% Spicer Mfg pf (3) 19 Spiegel-May-Stern. 17% Stand Brands (1)... 3 Stand Com Tobacco. 3% Stand Gas & Elec... 4% Stand G & E1 4% pf 10% Stand G & E1 6% pf. 13% Stand G & E17% pf. 26% Stand Oil of Cal (1) 96% Stand Oil Exp pf(5) 23% Stand Oil of Ind (1) 89% Stand Ofl N J(t1%) 6 Starrett L S (h50c). 47% Sterling Prod(3.80). 1% Sterling Secur (A)., 4% Stewart-Warner. .. 1% Studebaker (k). 10 Studebaker pf (k).. 100 Sun OIl pf (6) . 25% 11% Superheater (50 3 1% Superior Oil.... 15% 4% Superior Steel 5% 13 Symington (A —_— 15% 7% Telautograph (1) 3% Tennessee Corp 19% Texas Corp (1)..... 30 Texas Gulf Sul (2). 13% Texas & Pac R R... 214 Tex Pac Coal & Oil.. 6% Tex Pac Land Trust 8 Thatch Mfg (h25c). 4% Thomp'n(JR) (50¢). 10 Thompson Products 1% Thompson Starrett. 8 Tide Water Asso... 4% Tide W A pf (j8%). 3% Timken-Detrojt 24 Timken R B (1) 5% Transamerica h25e. 41 Transue & Williams 3 Tri-Contl Corp. 33 Trico Prod (213). 1% Truax-Traer Coal. ., 3% Truscon Steel 1% Twin City RT. 6 TwinCity RT p 110+0014++110 +11+ +0 36 Und-Ell-Fisher (2). 39% Un Bag & Paper (4) 35% Un Carbide & C 1.40. 11'% Un Oil of Calif (1). 90 Union Pacific (6)... 71% Union Pacific pf (4) 15% Un Tank Car (1.20). 8'4 United Afreraft. . 31 United Alr Lines&’ 21% Unit Biscuit(1.60).. 35 United Carb (2.40). 24 United Corporation. 21% United Corp pf (3).. 9% United Drug... . 3% United Dyewood. 33 United Elec Coal. .. 59 United Fruit (3).... 11% Unit Gas Imp (1.20) %6 Unit Gas Imp pf (5) 11 U S Freight (1).... 34% U S Gypsum (1).... 146 115 U S Gypsum pf (7). 10% 4% U S Hoffman....... b 32 U S Indus Alcohol.. 5% U S Leather... 7 US Leather (A)... 15% U S Pipe & F (50c).. 4, US Realty & Impr. 11" USRubber........ 24'4 U S Rubber 1st pf. 96% U S Smeit & R (h9). 54 USSm&Rpt (3%3) 9% United States Steel. 67% U S Steel pt (2) 2% United Stores (A).. 40% Univ Leaf Tob (2).. 140 112} Unv Leaf Tob pf(8) 3 “ Univ Pipe & Rad. 24 4% Univ Pipe & Rad Df » S e whaa-aneSanme = % Vadsco Sales Corp.. 14 Vanadium Corp. ... 4% Van Raalte. . . 24% Vick Chem (12.40). 1% Va-Car Chemical. ., 10 Va-Car Chem 6% pf 52 Vulcan Detin (a4).. 1% Wabash (k)....... 2% \Wabash pt (A)(K). 4 Waldorf Sys (h20c) 17% Walgreen Co (m1). 8415 Walgreen pf (6% ). 2l Walworth Co...... 24 Ward Baking pf (2) 2% Warner Bros Pic... 15 Warner Bros Pic pf. 1 Warner-Quinlan 31 Warren Bros 13% Warren Fdy . 3 Webster Eisenlohr. 15% Wesson O&S 1t87%¢ 45 West Pa Elec pt (6) 51% West Pa Elec pf (1) 783 West PennPw pf(6) 8913 West PennPw pf(7) 1% Western Dairy pf A : Western Dairy pf B Tis Western Maryland. 4% Western Pacific p! 4 Western Union 27% Westinghouse Elec, 82 Westingh'se 1st 3% 6 Weston Elec Inst. .. 14% Westvaco Chl (40c) 11% Wheeling Steel...,. 34 Wheeling Steel pf.. 15 White Motor....... 21% White Rock M S (2) 2 Wilcox Oil & Gas... 27% Wilcox Rich A(2%) 43, Wilson & Co. 12% Wilson & Co ( 53 Wilson & Co pf (i7) 41% Woolworth (2.40).. 13% Worthington Pump. 31% Worth Pump pf A.. 16% Wright Aero....... 541 Wrigley (W ir)t335. —_—— 22'; 14 Yale & Towne (60¢) T 2% Yellow TrucK...... 22% 13 Young Sp& W (1).. 33% 12% Youngstown S& T.. 59% 34 Youngstwn S&T pf. — 4% 13 Zenith Radio...... % 3% Zonite Products.... 20% 21% 48% 24 25 4% FEF FF PEFTLEE Dividend rates cash payments based on the latest declarations, i st ey P lfl last 254 -1% ey Sl % in stock. b Paid 1 —% $B + % this dividenda nm this ye :{oc:‘:hn 2% in lml.m 'nl %r Mm GENERAL MOTORS SALES DECLINE IN DECEMBER jear—no resular rae. \yable in el:.h or stock lH\ll!l in lb‘d‘l Dlell"lfl Pere Maraque k Companies repol v 534 21% 2% 50 8% 22% 3ia 20% 20% 48% 21 % 2:85 mcb-cnu 8% + 12% + % 5 ® % - % 0% - 10 104 17 T4 + 21% + 34 18% — 14% - 21% - 1% - 18% - 16 19% — T + LATE IN SESSION Steels and Few Specialties Firm Despite Drop in 0il Shares. % BY VICTOR EUBANK, Associated Press Pinancial Writer. NEW YORK, January 8.—Heaviness % | in oils gave the stock market a ragged w | ppearance today. Steels and scate % | tered specialties displayed firmness, w % “ % % % % % 50 "'1"‘ Thelate tone was irregular. Losses of 55% - 6% 'f 35 9% + 11% - 40% around a point or so were shown by “ Amerada Corp., Standard Oils of — 'y | California and New Jersey, Du_Pont 1 | and Allied Chemical. United States 1, | Steel and Bethlehem were steady, while Pullman, Gillette and Briggs 73% -1y | advanced moderately. Transfers ape 18% — % 3% - g 5% + 11% -1% 16% — H 111% + 25% + 42% —1% 15 5815 + 49 <+ 4T% — 15% = % 109% — BT + 25% — 14% - 5% + 26 49% 2% 24% 1 22% + 19% + 4715 46% -1Y% 17 23 Sales of Stocks on the New York Exchange. 2 & Siven 1o the above table are {he snnual quarterly or - % proximated 900,000 shares. Oil stocks led a moderate decline in the equities market in rather active early trading. The Supreme Court's adverse decision on the Government’s regulation of petroleum transporta- tion brought selling in the oil divi- sion which spread to other sections which have been displaying consider- 1 | able popularity. ~Profit taking scon % | met some support and the trading vol- 1| ume dwindled. 1| Wall Street’s inflationists were not % | particularly enthused over the new | budget and the sound money forces % | apparently were not in a mood to cel- ebrate the orthodoxy which was indi- cated in the administration’s forth- coming spending program. Declines of around 1 to 2 points were suffered by Amerada Corp, Standard Oils of California and New Jersey, Texas Corp., Union Pacific, du Pont and Case. Fractional re sions appeared in Consolidated G: American Telephone, General Motcrs and Santa Fe. Steadiness was shov by United States Steel, while Guif States Steel and Briggs were hig Call money renewed at 1 per cent. Further piling up of unused fun-s was seen in the weekly Federal R - el % " % bl % serve Bank statement of report.: member banks in 91 leading cities a3 of January 2. Increases in net demand deposi's for the week amounted to $134,000,- 000. Time deposits increased $22,000.- 000, while reserve balances with Fcd- eral Reserve banks were up $108,000,- 000. Although there was & net gain of only $1,000,000 in holdings of dirc:t United States Government obligatio:s, the increase served to emphasize the continuing trend toward huge hold- ings of Federal paper by banks. % 1% | ¥ 2 % Chicago Grain By the Associated Press. CHICAGO, January 8—Despie purchases by millers and commission houses that at one time lifted May wheat to the highest price since m:id- December, grain futures weakened to- day and closed with little change from yesterday. Initial firmness gave way to nervous price reactions that re- flected a number of minor bearish factors, but a mild rally occurred just before the close. Good rains in the domestic South- west and late weakness at Liverpiol were unsettling factors. ‘Wheat finished unchanged to 34 cent lower, compared with yesterday’s clcse, May, $1.01%-3;, while corn was un- changed tc 7s higher: May. 91'4-%. Oats and provisions were about steady. WHEAT— Open. January ... Ma High. Low. Close. K January May ... . l1685 Chicago Cash Market. Cash wheat, No. 2 red, 1.0314; No. 2 hard, 1.09':: corn, No. 3 mixed, 1.00 (mainly white); No. 3 yellow, 95'.a 96':; No. 4 white, 9834; oats, rve, buckwheat and <mbcuns no sales, Barley, 75a1.22; timothy seed, 16.75a 18.600 hundredweight; clover seed, 15.65a22.75 hundredweight. 1687 16263 Baltimore Quotations. BALTIMORE, January 2 (#.— (Close.) Wheat, No. 2, red Winter, garlicky, spot domestic, 1.01; January, 1.01. Liverpool Grain Prices. RPOOL. January 8 (#.—Wheat futures closed barely steady. Previous Close. Clos: 2 k) B % U.Ss. TBEASUBY NOTES. (Reported by Chas. D, Barney & Co.) Rate—Maturity i Mar s Sep 31as June 15 1 | 1%as June 15. FREIGHT LOADINGS. NEW YORK. January 8 (#.—Railroads fgporting reveriue freisht car loadings tor the week ended January 5 included. -yearly INSURANCE STOCKS NEW YORK. January' 8 (P.—New York [ §ne. - Security Dealers’ Association: By the Associated Press. NEW YORK, January 8.—After selling off slightly at the opening in response to easy Liverpool cables, cot- ton held generally steady today on a moderate demand from the trade which found comparatively few sellers. March contracts sold up from 12.62 % |to 12.70, but met a little more cotton at this figure and were ruling around 12.67 during the middle of the after- noon, when old crop months were about 2 to 4 points net higher and the new crop 1 to 3 points lower. u'ml ‘Quotations. LIVERPOOL, January 8 (P.—Cottom. 13,000 ghales, sncluding, 2,500 American, nfoderate business done: 3 lnu hll‘hl!. Q\lflllllolu in penc: good middling. 7.87: 725 nm’hu-i'fl'a ; ry, 637 m‘::" e et cl ||! Mar 3 fl 2!0NL 6.72: Dt- By the Associated Press. NEW YORK, January 8.—Sales of General Motors Corp. cars and trucks to consumers in the United States during December totaled 41,530 units, compared with 62,752 in November and 11,951 in the same month in 1933. Sales to dealers in the United States in December were 28,344, against 39,048 in November and 11,191 in December, 1933. For the full year sales to consumers in the United States were 927493 units, compared with 755.778 in 1933. Sales to dealers in the United States were 950,494, against 729,201 in 1933. —_—————— Splegel, May, Stern Co., Inc.—De- cember sales were up 61.9 per cent; 12 months, up 93.7 per cent: both the December and 12-month sales for 1934 were the largest company, > - in history of | W ) Am Surety () Balt Amer .. Bostor, (16) .. Conn Gen Lite Fid & Dep (‘at Firemen's Ins . Frank Fire (1.10%), Glln Falls (1.60) .. lobe & Rut ul Groat Amer (1) Halifax_(.90) . Hanover. (1.60) Hartford Fire (2) berty Fire C1a1) Nor River 1)1' 2 “Incuding citra 1! ed or paid so far this year. lcsa than 100 shares v Partly extra. 1 Pius | Chesapeake & Ohio. ,BEavable 1 | Nickel 2la . Chi: & “Northw MONEY MARKET. RK. January 8§ 1 per cent all da: loans steady: ‘60 days-t months, nt. Prime commerCIAl per, 3, acceptances unchanged. Redis- count rate. New York Reserve Bank. 1ia ced. per_cent. NEW _YOR! money steady: This 4-drawer steel letter file $14-50 OFFICE FURNITURE ALWAYS LESS AT BAUM’S 1416 Eye St. N.W. Advice on Financial Matters Wl!hou Obh.flron 5% swines Home Loan & Savings Ass’n 1505 K St. N.W. Under Supervision First Morieage Kears on Propesty in D. C.. Nearby Md. and Va.