Evening Star Newspaper, January 23, 1935, Page 12

. L] FINANCIAL. THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, JANUARY 23, 1935. FINANCIAL TRANSACTIONS ON THE NEW YORK STOCK EXCHANG E SIS DEVELOP REA[}IIUNARY TONE _A-12 v All markets received by prluu wire direct to The Star. — 1084 — Stockard Balese Hlxh Low Dividend Rate Add 00. High. Low. Clo 43 35 Abram Strous t1.80, 10s 36% 36! 11% Adams Express..., 10 6% 2:30 nm. 1034 — Stocks ard Bllfl— Net High. Low Dividend Rate Add 00. High. Low. clon Chge. 19% 12% Socony-Vae (60¢) . 2214 39% 20 So Por Rico Sug (2) 137 115 So Po Ric Sug pf(8) 22% 10% South Cal Ed (1%). 33% 14% Southern Pacific. Net | — 1034 — Bales— Net High. E Add 00. High. Low. Close. Chge. 14% 1 6% 5% 5% - 34% 12 Mo Kan & Texas pf. 1 11% 11% 11% = % 2% Mo Pacific pf (k) 3% 3% - 2 % 39 MonsantoC (1) 59 59 Stocks and Dividend Rate. 4 s Crosley Radio 36% _18% Crown Cork & 8 (l) T17_ Crucible Steel. 74 Cuba Co Stocks and Ra C13% - W 25 + % Schmidt and Buchanan Head D. C. Office of Hemphill, Noyes & Co. . BY EDWARD C. STONE. It was learned in the financial dis- trict today that the brokerage firm | of Hemphill, Noyes & Co., member | of the New York Stock Exchange, has appointed August Schmidt and C. Shelton Buchanan as co-managers of the Washington office, which is| located 1 the Shoreham Building. ‘The appointment becomes effective | at once, the two brokers succeeding the late Chester W. Lockwood, whose | death occurred some weeks ago. The | firm has maintained an office here | for several years. Mr. Schmidt became associated | with Hemphill, Noyes & Co. in Au- gust, 1931, and since that time has served that firm in the capacity of customers’ man and recently as act- ing manager. Prior to this employ- ment he was associated with G. M.-P. Murphy & Co. for six years and J. L. Edwards & Co. for four years. Mr. Schmidt is a member of the Bond Club of Washington. Mr. Buchanan, who was recently appointed manager of their bond department, has been associated with Hemphill, Noyes & Co. since Janu- ary, 1934, at which time that firm absorbed the Washington business of Goodbody & Co. He was associated with the latter firm for three years, and prior to that time was with Har- riss & Voss for a period of three years. He is a member of the Bond | Club of Washington. Bank to Expand Offices. The growth of the Northeast | Branch of the American Security & | Trust Co. in the past few years has caused the company to make plans to enlarge the present quarters of this office. The trust company owns the prop- erty adjoining the Northeast Branch, and when the addition is completed the present banking space will be more than doubled. Appleton P. Clarke, jr., is the architect, and he is expecting that the remodeling will bogin in the very near future. The Northeast Branch of the com- | pany was established by the Home | Savings Bank in 1906 and has been in business in that section for '9 years. The Home Savings Banl merged with the American Scomm\ & Trust Co. in 1918 Harry P. White, assistant treasurer | of the company, is manager of the| Northeast Branch. Mr. White is one of the past presidents of the North- east Business Men's Association, is now its treasurer, and is active in vari- ous organizations in different sections of the city. Turnabout in Bus Earnings. The full 12 months' report of the Washington Rapid Transit Co. was filed with the Public Utifities Com- mission today revealing a complete | turnabout in earnings during 1934. Net income of the rapid transit com- pany totaled $9.921.46 against a defi- cit of $45.621.51 in 1933. This means an improvement in earnings during | 1934 of $55542.97 | Operating revenues for the 121 months totaled $407,124.53, against $375.639.21 in 1933, an increase of $31.485.32. Operating expenses amounted to $371,875.41, as compared with $388,222.40 in the previous year, 8 derease in operating costs of $16,- 346.99, and leaving a net operating income of $35.249.12, against a defi- cit in 1933 of $12,583.19, making a total gain in 1934 of $47,832.31. De- duction from gross were practically the same as a year ago. leaving the above stated sharp increase in net. Washington Rapid * Transit also filed the financial statement for De- | cember with the utilities commission. Operating revenues amounted to $36, 06921, as compared with $33,329.26 & year ago. a gain of §2,739.95. Oper- ating expenses requncd $32,533.20, against $30,335.17. an increase of $2.198.03, leaving a net operating in- come of $3,536.01, compared with $2.- ©94.09, an increase of $541.92. Ad- dition of non-operating income gave the bus company a net income for December of $1.489.91, against only $36343 in 1923, an increase of $826.48 Picrce Office Unchanged. Thomas M. Brahany, manager of the Washington office of E. A. Pierce & Co. announced today that there would be no changes here as a result of the merger of his firm and John F. Clark & Co., another New York Stock Exchange firm. The merger was re- ported in the 5:30 Star last night John F. Clark & Co. had no Wash- ington office. In the cities where each firm had an office, the business will be combined and one of the offices closed in the interest of economy, Mr. Bra- hany stated. The big companies will consolidate on February 1. The new concern will do business under the name of E. A. Pierce & Co., and ‘means the addition of about 26 offices to the company's present Na- tion-wide chain, the Washington manager said. Three present senior partners in the firm of John F. Clark & Co. will become general partners in the new organization. They are Rus- s2ll Clark, A. H. Shatford and James Coker. Storm Slows D. C. Exchange. American Security & Trust Co. stock appeared on the board during | he session of the Washington Stock Exchange today. Three sales. totaling 33 shares, were recorded at 200. Evi- dently the snowstorm hit business on the exchange a severe blow as no other transactions were recorded. A dividend of 6 per cent has been declared on the capital stock of the Chr. Heurich *Brewing Co. payable at its branch office at Twenty-fifth and Water streets, northwest, on February 1. Books for transfer of stock will be closed from January 21 to February 1, inclusive. The safe deposit section of the District Bankers' Association meets tonight in the board room of the American Security & Trust Building. An unusually interesting program has been arranged. Phelps, Fenn & Co. of Baltimore has been awarded $100,000 City of Cumberland general improvement 5 per cent bonds, dated July 1, 1934, and due 1955 to 1958, on a bid of 107.85. Second high bid of 106.30 was sub- mitted by Halsey, Stuart & Co. W. W. Lannahan & Co., Baltimors, bid 106.29. APPROVE STOCK SALE. NEW YORK, January 23 (P.— Stockholders of the Vick Financial Corp., holding concern for the Vick Chemical Co., have approved a resolu- tion authorizing the sale of treasury stock of the company “now held or which may be held in the future.” The corporation at present holds £9,323 shares. —_— Hudson & Manhattan R. R.—1934 preliminary deficit was $150,851 vs. deficit of $86,235. ~ | 4% 11% T 9% 113 3% 237 54 234 160% 23% ™ FB% 48 26% 50y 150t i 6% Adams Millis (2) 4 Addressograph. Advance Rumley. .. 7a Affillated Prod (60¢c) % Air Reduction (3).. Airway Elec Appli.. Alaska Jun (11 20). i Alleg Corp (K). Allegheny Stl hile. Allled Chem (6) Amal Leather Amerada Corp'(2).. Am Ag Chem Del(2) Am Bank Note Am Bank Nte pf (3) Am Brake Shoe 80c. Am Can (15)... Am Can pf (1) Am Car & Foundry. Am Car & Found pf. Am Chain 5 Am Chain pf... Am Comcl Alcohol. m Crystal Sugar.. Am Crystal Sug pt. Am Encaustic. Am & Foreign Pwr. Am & For Pw pf (6) Am Hawatian SS(1) ¢ Am Hide & Leather. Am Home Prod 2.40 Am IceCo.... Am fce pf (6) Am International Am La France (k).. Am La Fran pt (k). Am Locomotive. .. Am Locomotive pf. Am Mch§; 31!0:).. Am Metas.. Am Power & Light. . Am P&L $5 pf (1%) Am P&L $6 pf (135} Am Radiator. Am Rolling Mills . Am Safety Razor(4) Am Seating. Am Ship & C « Am Smelt & Ref.. « Am S& Am Am Steel l-ounary.. Am Stores (1214) Am Sugar (2). 312 Am Sug pf (1) « Am Sum Teb (1). 4 Am Tel & Tel (9). Am Tobacco (5) Am Tobacco B (5)., Am Type Fdrs (K).. Am Type Fdrs pf (k) Am Water Wks (1), Am Wat W 1st (6).. Am Woolen pf.. Am Writ Paper (k). Am Writ Pap pf (k) Anaconda Copper Anaconda Wire. . Anchor Cap (£0c) Archer-Dan-M (1).. Armour Del pf (7).. s Armour of Illinois. . Armour of I11 pf. Armour 11! pr pf (6) Asso Dry G 2d pf... Atch To & S F (h2). Atch To&S F pf (5) Atlantic Coast Line Atl Gulf & W Ind 2 Atlantic Ref (1)... Atlas Powder (2). . Atlas Powder pf (6) Atlas Tack. . . Auburn Auto. 39% Austin Nich pf A(5) 3% Aviation Corp Del.. 451 1614 Baldwin Loco pf. 1:% Baltimere & Ohfo.. Baltimore & Ohio pt 35'; Bang & Arros (2%4) 24 Barker Brothers. 1614 Barker Brothers pf. Bayuk Cigar (h1).. Beatrice Creamery. Beatrice Cr pf (7).. Beech-Nut P (13%) Bendix Aviation. .. Beneficial Loan 1%. Best & Co (2). Bethlehem Steel. Bethlehem Stl pf... Bigelow-San Corp.. Blaw Knox. Blumenthal pf. Boeing Aeroplane Bohn Alumné& Br(3) 7 Borden Co (1.60)... 4 Borg Warner(t1%) Briggs M{g (2). Briggs&Straton Bristol-Myers 12.40 Bklyn-Man T (h1% Bklyn-Man T pf (6) Bklyn Union Gas(5) Brunswick-Balke 3': Bucyrus-Erie. . Bucyrus-Erie cv pf. Budd (E G) Mfg pf. Budd Wheel .. Bullard C Bulova Watch Burns Bros (A).... Burns Bros (A) vte Burns Bros pf..... 1015 Burr Add M (40c) %, Bush Terminal (k). 2%, Bush Term deb (k). 5% Bush Tr Bldg of ct. 113 Butte Copper & 7mc 1% Butterick Co. 13% Byers (A M)... 40 Byers (A M) pf. 18% California Pkg( 14 Callanan Zinc. . 2% Calumet & Hecla... 6 Campbell-Wyant... 121 Canada Dry G A (1) 10% Canadian Pacific. .. 26% Cap Admin pt A (3) 35 Case(J1)Co...uue 23 Caterpillar (11).... 17% Celanese Corp 1% Ceiotex Co (k) 1 Celotex vtc (K)uouo. 614 Celotex o pf (k 18% Cent Aguire (134).. %2 Century RibMpf(7) 30% Cerro de Pasco (2). 34 Certain-teed Prod. . 17% Certain-teed pf.... 391 Ches & Ohlo (2.80). 34 Ches-Corp (2%). 113 Chi Great Western., 315 Chi Great West pf.. 2 Chi Mil StP& Pac.. 3% Chi Mil St P &P pf.. 31 Chi & Northwestern €3 Chi & Northwest pf. 3% Chi Pneumatic Tool 14% Chi Pneu Tool pf... 1% Chi R | & Pae (k). .. % CR1&P7% pf (k) 29% Chrysler Corp (1).. 17% City Ice & Fuel (2). 67 City Ice & F pf 63%. 15 City Stores (k). .. % City Stores ctfs (k) 2% City Stores A (k). .. 2 City Stores A ct (k) 2474 Cluett-Peabody (1). 95% Coca-Cola (17)....0 50! Coca-Cola (A)(3) 9% Colgate-P P (50¢).. 681 Colg-Palm-P pf () 10 Collins & Alkman. . 74 Collins & Aik pf(7). 10% Colo Fuel & Ir pf (k) H Cole & Sou 1st pf... % Col Gas & Elec. 2l'y Colum Pic vte(mi). 58 Colum Carb (3.40).. 18% Comel Credit (2)... 38 Comel Credit(A)(3) 913 Comcl C 1st pf(63%) 35% Comcl Inv Tr(12%) 91 Comcl Inv cv pf(e6) 15% Comcl Solv (60c) 1 Comwlith & South 21% Comwith & S pf (6). 5 Conde Nast Pub 22 Congoleum-N ( 7% Congress Clgal 1% Consol Film. . 10% Consol Film pf Ul) 18% Consol Gas N Y (1). 71 Consol Gaspt (6).s) 1% Consol Laundries. % Conscl Oil (h42¢) . e 1 Consol Textile. 634 Container Corp (A). 2% Container Corp (B). 5% Contl Baking (A) % Cont! Baking (B).. 44% Contl Baking pf (4) 56% Contl Can (2.40)... 23% Contl Insur (11.35). % Contl Motors. . 15% Contl O Del (h56¢) 5% Corn Prod Ref (3).. 135 Corn Products pf(7) 3% Coty Ine..... 28 Creamof Wht12%. O P T FarnDan e e e o e o 200 e 9 50 18 b o 20 b e e 28 21 e s e k1 o ~ S oo d it S_on (9 1§ 1= 1t 1 RS 1t =1 5 00 S 1 1 s €3 40 B 08 1 oo g B ++I|II|+I+ ) P4+t 4+11 T4+ 0400+ A |+ Y EARSEE N Vb0 ek i+ 21% % 9% 9% 21 2 128 24 4% 28% 10% 314 Cuban-Al ugt 20% Cuban-Am Sugar pf lZfil 13% Curtis-Publishing.. 43% Curtis Pub pf (7).. 2% Curtiss Wright.... 5% Curtiss Wright (A) 6414 Cushmans pf (8) 11 Cutler Hammer. Delaware & Hudson Dei Lack & West... Devoe & R (A)(12). Devoe & R 1st pf(7) Diamond Match (1) Dome Mines (1333). Dominion Strs(1.20) 14% Douglas Afrcraft. .. 80 Du Pont de N (2 60) 4% Eastern Roll Mills, 79 Eastman K (14%) 12% Eaton Mfg (1)..... 6 Eitington-Schild 15 Electric Auto Lite 80 Elec Auto Litepf 7. 3 Electric Boat 4% E1 & Mus Ind 2% Elec Pwr & L 6% Elec Pwr&Lt $7 nf 2¢ Elec Stor Bat (2¥§). 120 Endicott-John pf(7) 11 Eng PShSflvfww 9% Erfe RR .y... 14% Erte R R 1st pf. 3 Exchange Buffet —_— 2% 1214 188 7% 8% 4 351 106 9% 175 22 80 174 27% 7% 63 508 19% 20 11 @ ¢+ 100 1 Fairbanks Co. 3% Fairbanks Co of. 7 Fairbanks-Morse. 30 FKalrbanks-Mrs of 274 Fed Motor Truck. 1 Fed Water Sve (A). 23% Fid Ph F Ins(+1.35) 87 Filene’s pf (6%)... First Nat Strs(2%) 2 Follansbee Bros (k) 815 Foster-Wheeler 55 Foster-Wheeler pf. 6Y% Foundation Co 1712 Fourth N Inv(hSe) Ry Fox Film (A) 20 Franklin Simon pf. 2114 Freeport-Texas (2) 5 Fuller Co 2d pf. 8 Gamewell Co 5% Gen Am Investors. . 30 Gen Am Trans(1%) 12 Gen Asphalt....... Gen Baking (60¢) .. Gen Raking pf (8).. 5 Gen Bronze 14'; Gen Cable pt... 27 Gen Clgar (17)....0 167 Gen Electric (f0e). 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).. 10'3 Gen Print Ink (11). 73'; Gen Prig Ink pf (6) Gen Public Service. 12 Gen Ry Signal (1).. 10 Gen Refrac ctfs. 15 Gillett Saf Raz (1). 47 Gillette Saf R pf(5) 2% Gimbel Bros. 15% Glidden Co (11.15). 83 Glidden Co pr pf (7) 3%, Gobel (Adolf). 16 Gold Dust (1.20)... R Goodrich (B F).... 183 Goodyear T & Rub.. 64 Goodyear $7 pf (4).. 1% Graham-Paige..... 4 Granby Consol... 4 Grand Unfon....... 23 and Union pf 11 12! Great Northern pt.. Grt West Sug(2.40) Grt West Sug pt(7) 's Hahn Dept Stores % Hahn Dpt Stores pf. Hamilton Watch pf. x4 Hanna (M A) pf (1) 13 Harb Walker (1)... 114 Hat Corp (A). 74 Hazel Atlas Gl (5).. 54 Hercules Mot (60c) 59 Hercules Pw (13%) 4815 Hershey Choc (3).. 83 Hershey C pf (15). 5% Hollana & Son (50¢) 11 Houd-Hersh A (j2). 2% Houdallle-Hersh B. 43 House Finpf (3%3). 1214 Houston Oil..... 215 Houston Ofl (-aw).. 3515 Howe Sound (3).... Hudson Motor Car.. Hupp Moto! — e 3874 325 131 13% Illinots Central. 19% Indus Rayon (163). 341 Inland Steel (h50c). 2w Insur-Sh ct Md(10¢c) 514 Interboro RpTrik). 21y Intercontl Rubber.. 4 Interlake Iron 2 Int Agricultur 15 Int Agriculture pf.. Int Bus Mach (p§).. 45 [nt-Carriers Ltd 20¢ A\ Int Cement (h25¢). 231 Int Harvester (60c) 21 Int Nick Can (60c). % Int Paper & Pw (C). 8'y Int Paper & Pw pf S Int PrintInk (1). 59 Int Silver pf (4) 7% Int Tel & Tel 315 Interstate Dept Strs 5% Intertype Corp. . 24% Island Crk Coal “) 33 Jewel Tea (3)v..mre Johns-Manville... Jones& Laugh 1% pf —_—— 414 20 1 Kelly Spring Tire.. 5 Kelly Sp Tire 6% ot 11% Kelvinator Cp 50¢c.« 16 Kennecott (h45¢). 13'5 Kinney (G R) pf... 19 Kresge Dept Strs pf 133% Kresge (SS) (1).... 23% Kroger Gr&Bk 1.60. — 31% 141 3 163 224 Lambert Co (3).... 7 Lee Rub&Tire (60e) 214 Lehigh Valley Coal. 5 Lehigh Val Coal pf. 915 Lehigh Valley R R. 64% Lehman Corp (2.40) 11% Lehn & Fink (1%).. 15 Lib O-Ford G1(1.20) 174 Life Saver (1.60)... 73 Ligg & Myers (15).. T4 Ligg & Myers B(15) 16 Lily TullpCup(1%) 11% Link Belt (§0c). ... 16% Liquid Carb (11%). 20% Loew's Inc (1). . 72 Loew's Inc pf (6%) 1% Loft Inec... . 334 Loose- Wile: - 1 Long Bell Lum (A). 15% Lorillard P (12.20), 12 Louisv GEE(A)1%. 37% Louisv & Nash (3). 8% Ludlum Steel 60 Ludlum Stl of ll%) 30 Mac Andrews&F 13. 24 McCall Corp (2).... 13 McCrory Strs A (k) 1% McCrory Strs B (k). 5% McCrory Strs pf (k) 3815 Mcintyre Porcu (2) 79 McKeesport T P (4) 4% McKesson & Rob. .. 11% McKesson & Rob pt 1 McLellan Stores (k) 22 Mack Truek (1).... 35% Macy (R H)& Co(2) 2% Madison Sq Garden, 1% Mallison & Co 7% Mallison & Co pf. % Manati Sugar (k)... 1% Manati Sugar pf (k) 10% Manhat Shirt (60c). 1% Maracaibo Oil Exp. 4% Marancha Corp.... 5% Marine Midld (40¢). 3 Market St Ry pr of. 17 Marlin-Rockwell(2) 8% Marshall Field. 4 Martin Parry.. 2314 Mathieson Alk(1%) 30 May Dept Str (1.60) 4% Maytag Co.. 49 Maytag 1stpf ( 26 Melville Shoe (2) 314 Mengel Co. . 24 Mengel Co pf. :0% Mesta Mach (1%).. 27% Miami Copper 914 Mid-Cont Pet(h50¢) 615 Midland Steel Prod. 44 Mid Stl P 1st pf (4). 36 Minne-Honey t3%. 1% Minn Moline Pow . 15' Minn Moline Pow pt € » s BmaniSen - o ¥ 0 90 02 88 10 e e i B RO - RRE NS Z 0N w0t 17 100 41% 30“ 10 [EEEEE AR TR R FES F FEEF SPFFELS b 1+ L+ +++ + FELLF PEGTEIE FF OFEFEF ey Ly © ol ¥ e e s & [ B LU+l ++0 04+ w FiEOEr I+ 3 FEEF IE FOFF FEPIE ¥ 20 Montgomery erd 37 Morrell(J)&Co 3.60. % Mother Lode.... 6% Motor Wheel. 5% Mullins Mfg.... 12% Mullins Mfg pf. .. 3% Murray Corp. 12% Nash Moror: 3% Nat Acme Co. 5% Nat Aviatio 3% Nat Bellar H pf (k) 26% Nat Biscult (2).... 12 Nat Cash Reg A 60c 13 Nat Dairy Prod 1.20 1 Nat Dept Store (k). 5 Nat Dp St Ist pf (k) 16 Nat Jistillers (50c) 6% Nat Pwr & Lt (80¢) 3415 Nat Steel (11%4). 33% Nat Supply pt. 9 Nat Tea (60c). 614 Nelsner Brothei 92 Newberry(JJ)pf 5% Newport Industries 108 N Y & Harlem (5). % N Y Investors (k).. 6 NYNH & Hartford 9% N Y Shipbldg (40c). 73 NY Steam pf (6).. 30% Noranda Mines (h2) 161 rfolk & W (+10) . 2% North Am Aviation. 10% North Amer (1). 34 North Am Co pf ( 47'% North Am Ed pf (6) 4% Northern Pacifie. . . 1% Norwalk Tire&Rub. 81 Ohlo O11 (h45c).... 2 Ollver Farm Equip. 3% Omnibus Corp. 5% Oppenheim Collins. 1213 Otis Elevator (60¢) 92 Otis Elev pf (6). 3% Otis Steel. . . 9 Otis Steel pr pf 60 Owens-111 Glas: 31 12% PacificG & K (1%). 37 20% Pacific Lizhting (3) 34 19 Pacific Mills (h50c) i.‘)‘v 69 Pacific Tel & Tel (6) 103 Pacific T & T pf (6) 2% Packard Motor « Panhandle Prod& R. 13 Par-Publix ctfs(k). 2% Park Utah...... % Pathe Exchange. .. lO‘,w Pathe Exchange(A) 5 Patino Mines .. ... 448 Denick & Ford 5115 Penney (JC) hlL40. 2% Penn Dixie Cement. 12% Penn-Dixie C pf(A) 20t Penn R R (h1).. 19% Feoples Gas Chi. 12 Pere Marquette 8! Petrol Corp (h50c). 13t Phelps Dodge(h7ic) 243 Phila Co 36 pf (3).. 3% Phila& Read C& 1. 13% Phillips Petrol (1). 50 Phoenix H pf (313). % Plerce Arrow (K).. & Pierce Ofl *, Plerce Petroleum. .. 1813 Pillsbury Flour1.60 70'4 Pirelli Co(A) (h4%) i3 Pittsburgh Coa! 413 Pitts Screw & Bol 15% Pitts Steel pf...... 1's Pirts United Corp. . 25% Pitts United C pf... 1% Pittston Co....... 7% Plymouth Oil :7Se 6 Poor &Co (B)..... 2% Port Ric Am Tob A. 10's Postal Tel & Ca pf.. 1'4 Pressed St Car (k) 5% Pressed Stl C pf (k) 33i Proc & Gamb (1%). Pub Serv N J (2.80) 18 Pub Serv N J pf (6) Pullman Inc (3)... x 614 Pure Oil. 49 Pure Oil pf 8% Purity Bakeries (1) 3 19% 94 413 Radlo Corporation. 55!5 28% Radiopf A (3%) 46 15 Radlo Corp pf «B) 41 114 Radlo-Keith-Or (k) u 5 Real Silk Hoslery.. 1% Reis (Robert)..... H‘ 6 Remington-Rand.. 71 32% Remington-R 1st pt 25% 10's Republic Steel..... 332 Republic Steel pf. . 39'; Republic Steel pf ct 46 Revere Cop & Br pf. 613 Reynolds Sp (40¢). 57 Reynolds Tob (3).. 39% Reynolds Tob B (3). 20°s Roan Antelope Ltd. 28% Royal D(h1.35 3-10) 38% Safeway Stores (3) 84% Safeway Strs pf (6) 98!3 Safeway Strs pf (T) 15% St Joseph L (h30c). 5lx Savage Arms. . 17% Schenley Distiller; 3 Schulte Retall Strs. 15 Schulte Re Strs pf. 20%, Seab’d Oil(Del)(t1) 31 Sears Roebuck..... 1% Second Nat Invest, 32 Sec Nat Inv pf (j2). 4% Servel Inc. 6% Shattuck (FG) 25¢ 6 Shell Union Of1. 57 Shell Union Oil pf. 24% 84 Simmons Co.... 174 7% Simms Pet rolm(1) . 42 18'5 Sloss-Sheffield pf.. 19% 6% Snider Packing.... 8% 165, 321 32 24 —1% | 19% 27 =¥ 62 36% % 8 9%, 334 1 - %| 1% 54 76% % 25% 16% 6% ™ 4% 29% '6% EER A CRE + +1 39 607 31% 98 36% #¥s Pt 44 ~ (B 4Ty B34 593 T 1 478 1% 8%+ h 13 x T+ 1% 85 +4% 9% 9 - b 165 + % stock 100 ock m\.dnéds ganizes 9+ 2/ in stock 11 Southern Railway. . 274 Sparks-Withington 15% Spencer Kellog 1.60 5% Sperry Corp (25¢).. 19 Spiegel-May-Stern. 17% Stand Brands (1).. 121% Stand Brands pf (7) 3 Stand Com Tobacco. 3% Stand Gas & Elec. . 4% Stand G & El 4% pt 7 Stand Invest Corp. . 2614 Stand Oil of Cal (1) 25% Stand Oll of Ind (1) 39% Stand CII N J(11%) 474 Sterling Prod(3.80). 1% Sterling Secur (A). 4% Stewart-Warner, 7. Stone & Webster. 1% Studebaker (k). 10 Studebaker pf (k).. 51% Sun Ol (31).. Sun O1l pf (6) 11% Superheater (50c 1% Superior Oil 133 Symington ( 7's Telautograph (1) 34 Tennessee Corp. 19% Texas Corp (1).. 30 Texas Gulf Sul (2). 214 Tex Pac Coal & Ol1. 6% Tex Pac Land Trust 8 Thatch Mfg (h25¢) 50 ‘The Fair pf (j3%). 13% Third Nat In (h85c) 10 Thompson Products 8 Tide Water Asso. .. 6415 Tide W A pf (j8%). 3% Timken-Detroit. ... 24 Timken R B (1) 6% Transamerica(25¢) 415 Transue & Willlams Tri-Contl Corp. 33 Trico Prod (2%)... 1% Truax-Traer Coal.,, 3% Truscon Steel. . 6 win City R T pf 9% Un Bag & Paper (4) 57 Un Carbide & C 1.40 Un Oil of Calif (1). Union Pacific (6) .. Un Tank Car (1.20) United Afreraft United Air Line: &.T United Am Bosch. . Unit Biscuit(1 60). United Carb (2 40). 2% United Corporation. 21% United Corp pf (3). 94 United Drug. United Elec C United Frult (3). .. Unll (;as Imp (1.20) o + R~ B T O e R T R Per a Gypsum (1). U S indus Alcohol. . U S Leather (A)... 15' U S Pipe & F (50¢). 3 S Reaity & lmpr. » US Rubber 15t pf. . n»\ USSmelt &R (hY) 54': USSim & Rpf (315) 9% United States Steel. 67'% U S Steel pt (2).... 21 United Stores (A).. 40% Univ Leaf Tob (2).. s Univ Pipe & Rad. .. 4'« Univ Pipe & Rad pt s Util Pwr & Lt (A).. ce 14 vanadium Corp. . 54'4 VanRaalte 1 24" Vick Chem ¢ 1’x Va-Car Chemical... 10 Va-Car Chem 6% pf 593 Va-Car Chem 7% pt 65 Va El & Pwr pf (6) 2% Wabash pf (A) (k) Waldorf Sys (h20e) 17% Walgreen Co (m1). 5 Ward Baking (A).. Ward Baking (B).. Ward Baking pf (2) \Warner Bros Pic... Warner Bros Pie nf Warner-Quinian... '« Warren Bros Warren Fdy&P (2). Wesson O&S 187%¢ West Pa Elec pf (7) West PennPw pf(7) Western Dairy pf b Western Maryland Viestern Union s Westingh's Westinghou. Westvaco Chl (40¢) Wheeling Steel. ... Wheeling Steel pf.. White Sewing Mch. White Sew Mach pt Wilson & Co (A)... Woolworth (2.40).. + Worthington Pump Worth Pumppf A.. ¢ Worth Pump pf B.. 14 Yale & Towne (60c) 28 Yellow Truckpt.., ¢ 39 12% Youngstown S T.. s 19 34 Younzstwn S&T pf. 55 —— 4% Zonite Products. .. 5 4 an Sales of Stocks on the New York lxchnn. 11:00 A.M 5 1:00 P.M Dividend rates as cash payments based declarations sUnit of trading less o "0, of tradt than 100 shares. + 160,000 « 420,000 12:00 Noon, 2:00 P.M on the latest quarterly or ald last year—no ePayible in cash o stock.~ (P ¥1 1 'G ePlus 47 in st aPaid_this vear miompanies reported AR, Teseivership o s 5% ock. Nl E - o R us 3% 1n stock. tPartly extra 4+ +H0100 Various Industrials Firm, but Others Register Small Declines. #riss BY VICTOR EUBANK, Associated Press Financial Writer, NEW YORK, January 23.—Mild reactionary tendencies developed in 1 | the stock market late today. Gen- werfll Electric, American Agricultural %! Chemical and various other indus- mlrm.s remained fairly firm, but dee EEEEE ¥ o +2 | Clines of fractions to around a point were recorded by United States 1 | Steel, Consolidated Gas, New York % | Central, Santa Fe and Case. Trans- + % fers approximated 600000 shares. + 42 + + Advances of around a point were |rcgsslered by General Electric, West- % | inghouse Electric, American Can, Al- | lied Chemical and United States Steel preferred. Among thinly traded Issues American Agricultural Chemical, Bigelow-Sanford and Mengel prefer- red rose a couple ol points each Reports that the Aviation Commu: sion would recommend a larger a force had little effect on Aviations, al- | though Boeing was up fractionally Interest in communications issues ap- peared to have vanished. In utilities United Corp. preferred rose a major | fraction, while Consolidated Gas eased New York Central, Santa Fe and | Union Pacific declined moderately In news from President Roosevelt Wednesday press conference, Wz Street noted with particular interest | the report that proposed legislati to rule and possibly tax holding ¢ panies was in preliminary form. T far, there has been little inclination to unload these issues because of (\ { proposed legislation, and United Corp preferred was | was also noted wi the President thought the pay I taxes for unemployment compensa as proposed would not interfere w recovery. ! Several quarters in Wall Street ! expressed encouragement over i | cations that the administration | determined to develop the prog: 2| slowly enough to prevent unse effects. Reasons for the Liggett & Myers recent strength of shares were scen |in the earnings report showing ret |of $592 cents a share for the | vear, against $4.84 in the prece vear. The company declared L\L.al extra dividends of $1 on the mn‘nmn and class “B” shares Midweek trade xfi\wus (On‘mu?d to ¥ X It was noted that duction increased so ‘sramna\l\'. after 2 less than sea gain in the previous week. i Pennsy Declares ni' 50-Cent Dividend. | Payable March 15 the Associated Press PHILADELPHIA. January 2 a dividend of 1 p> a share, payable March 15 to stoc | holders of record Februarv 15 The company last year declared two | dividends of 1 per cent each, one in the Spring and the other in the Fall. For INVESTMENT Six per cent First Trust Real Estate Notes, well secured on busl- ness snd residential Washington appraised at present LOANS We have funds available for First Trust Loans on Real Estate. Prefer loans on small and medium sized residence and business property Rea- sonable commission. Prompt attention xiven applications BRADLEY, BEALL & HOWARD Phone NO. 0271 Southern Bldg. Established Over 35 Years We Will Buy ll “FAIRFAX" Issues C. B. Penncbaker Company. Ine, 700 Southern Blds. Washington, D. C. « 260,000 - 480,000 given in the above table are the annual -yearly AR 'ayable in fPlus 1 in special preferred ' jAccumulated T being reor- n Plus 29, Chicago Grain By the Associated Press. CHICAGO, January 23.—Setbacks | in prices formed the rule in the grain markets late today, and the close was irregular after advances had amounted to about a cent a bushel for wheat. Selling on price upturns broadened | out as the day drew to an end, with demand lacking volume. The selling was credited mainly to Eastern sources. Wheat closed unsettled, 35 lower to 55 higher, compared with yesterday's finish, May 9675-97, corn }-13% down, | May 84'2-%, oats 'sx-5g off, and pro- visions varying from 17 cents decline to a rise of 2 cents. WHEAT— Open. High. 16 Chicago Cash erkeL No wheat sales. Corn—Old. No. 2 o yellow, 93%; new, No. 4 white, 94%. Oats—No. 2 white, 57)2; No. 3 white 57Y%. No rye. Soy beans—No. 2 yel: low, 1.20 net track country statior barley, .75-1.20; timothy seed, 16.75- 18.50 per hundredweight; clover seed, 15.75-22.50 per hundredweight. Liverpool Grain Prices. LIVERPOOL. January 23 (®.—Wheat futures closed firm. Exchange. 4.88. March July PLANS ATR-CONDITIONING. BALTIMORE, January 23 (Special). —The Baltimore & Ohio Railroad Co. has made plans to air-condition ap- proximately 170 cars in 1935 at an average cost of $5,000 a car, it is an- nounced. In 1934 the road air-con- ditioned 283 cars. A Further in By the Associated Press. i NEW YORK, January 23 —Electric Electric Power Output Mounts k B‘ the Associated Press. Week | New vork, sanuary 23—witn | New York Cotton [genernl business restricted by a dis- | | position to await further developments in Washington, trading in cotton was National 2335 National 2313 d Securities. Estate Mort~ ds Specializing in R oage I} | | Dealers in Un | First | power output last week totaled 1,778,- | 273,000 kilowatt hours, compared with |1,772,609,000 kilowatt hours the pre- | vious week, the Edison Electric In- stitute reported today. The increase over a year ago was 9.4 per cent. against an increase the previous week of 7.7 per cent. Regional gains from 1933 for last week were: New England. 6.4 per cent against 7.7 per cent the week before. Middle Atlantic, 7.1 against 5.4; Central in- dustrial. 119 against 8.7: West Cen- tral, 6.8 against 4.1; Southern States, 11.0 against 9.4; Rocky Mountain, 11.7 6.0. Life Insurance Sales Forge Up 10 Per Cent in 1934 | By the Associated Press. NEW YORK, January 23. —Ne‘ life insurance written in 1934 showed an increase of 10.1 per cent over 1933, and the December volume was the highest for the year, showing a gain\ of 17.2 per cent over December, 1933, the Association of Life Insurance Presidents announced. The total new business of the 42 member companies for 1934 was $8,605,432,000, against $7,812,602,000 in 1933. FOREIGN EXCHANGES. ORK. January 23 (P.—Foreign txchln |ne£nllr Great Britain in dol- lars. ot! QI‘K in cenis. Great Britain. de- mana, 4.89%: cables. 4.801a: i0-day bills, 4.88%: France, demand. cables, Ttaly, demand. cables. ma nds_Belsium, Germany. Holla, 2 ) swnnrhnd Pmluul 4.44 18.85: Clechoxlov-kil ia, 188 ver peso) J00.0514: New York in Montreal. 8~"Noininal, > i) o against 12.0; Pacific Coasi, 5.8 against | §'{ T | Halifax (500 {N. & W. ORDERS TIE PLATES. comparatively quiet again today with | opening declines of 2 to 4 points fol- | lowed by rallies on trade buying and covering. March sold up from 12.42 to0 12.49 and the mid-afternoon market was fairly steady at net advances of 2 or 3 points on’active positions. Liverpool Quotations. LIVERPOOL. January 23 (P.—Cotton, 15.000 bales. “including .00 American Spot increased in demand: prices | lower. Quotations in_pence trict good middling. 7.74: 744 strict middling, ;. point American good middling. : middling, 7.09; h\‘ middling. steady. Jlnulrv . ug Ma July.” 678 October. INSURANCE STOCKS NEW YORK. January 1 . —New | York Security Doalers’ A: iation i Aetna Cas ¢ B’Id‘ A‘KNI Aetna Fire (1 | Aericultural Am Reinsur Am Surety (1) Balt Amer .. Boston_(16) Gen Lif '( Rij D (12g) Hanover (1.60 Hartford Fire Springfield (413) Sun_Lif a—Including extras. :-—Deel-red or paid soVar this year. S NEW YORK, January 23 (#).—Nor- folk & Western Railway Co. has dis- tributed orders for 12.000 tons of tie | plates among the Wheeling Steel orp.. Weirton Stcel Co. and Repub- | lic Steel Corp. 3 ‘ Mortgage Money Funds Available for CONSTRUCTION LOANS or LOANS ON IMPROVED PROPERTY Reasonable vates Prompt action B. E. SAUL CO. 925 15th St. Natl. 2100 I WILL SELL £3.000 Racquet Club Ts, 13,500 Wash. Properties 7s, ' 000 Nat'l Press Bldg. 55, C. D. $4.000 Mayflower Hotel 65, C. D. $5.000 Hamilton Hotel, C. D. 300 Hamilton National Bank Stock 30 International Bank Stock I WILL BUY £5.000 Cosmopolitan 0. B. & Theater Ts $6.000 Riverside Apartment Ts $5,000 Corcoran Courts Ts $10,000 Cavalier 1st and Ref, 628 $2,000 Nat'l Press Bldg. 5 Thomas L. Hume (Established 1412 G St. N.W, National 1346-47 1899)