Evening Star Newspaper, December 10, 1935, Page 15

INANCIAL ING STAR, WASHINGTON, D. C, TUESDAY, DECEMBER 10, 1935, FINANCIAD TRANSACTIONS ON THE NEW YORK STOCK EXCHANG ESOCKS G0 DOWN % N SELLING WAVE- F MAXIMUM RATES SET ON DEPOSITS By private wire direct to The Star. 12:45p.m. Bales— Net Add 00. High. Low. Close.Chge. 35 11% 10% 11 — 'i 1 35% 34% 34% — 4 23% *l% % Prev. 1035 b 7 sy Net | Pr ev. 1035 High. Add 00. High. Low. Close.Chge. | High. Low. 10“ Kelvinator (150¢) ... 13% + % 84 Kendall Co pf (16) .. 90 18% Kennecott Cop 80c_ 10 Kimb-Clark (50c) - 2% Kinney (G R) Co 12:45p.m. Sales— Net Add 00. High. Low. Close. Chl! T 7 3 35% 85% + lA 60s 107% 508 111% lllh + % 2% - Bal Net Add 00. l(:h. Low. Olol.l:‘hn 18% 18% — 9% — u 78 + % 5% — % 18% Prev. 1935 Stock and Hizh, Low. Dividend Ra 49 14% ConnR&L ... 11% 7 Consol Cigar - 80 73 Con Cig pr pfxwé%. % 224 Stock end Dividend Rate. 7% 3 Rutland RRpt..._ 46 31% Safeway smu (2) 4% Saf trs pf Stock and Prev. 1035 Dividend Rate. High. Low. 11% 4% Adams Express ... 374 28 Adam: umuu)... 22% 8 Addr Mul(60¢). S% 61 Affiliated Prod(60c) 34% 107% 110% 23% 3% Consol Film 14% Cons Film of (31%) 25% 10% St Joseph L4 (40c). 13 Member Banks Will Not Be Allowed to Pay More Than 2V, Per Cent. BY EDWARD C. STONE. Member banks of the Federal Re- Berve System will not be permitted to pay more than 2!, per cent interest on savings deposits after January 1, 1936, according to regulations just an- nounced by the Reserve Board gov- ernors and sent out by the Federal Reserve Bank of Richmond to all banks in this territory. Regarding the maximum rate of 2%% per cent, the new regulations state that no member bank may pay interest accruing after January 1, 1936, at & rate in excess of 2! per cent per annum, compounded quarterly, re- gardless of the basis on which such interest may be computed: (a) On any savings deposit; (b) on| @ny time deposit having a maturity date six moonths or more after the date of deposit or payable on written notice of six months or more; (c) on any postal savings deposit which con- stitutes a time deposit, except that a member bank may pay interest on any such deposits in accordance with the terms of any certificate of deposit or other contract which was lawfully en- tered into in good faith before De- cember 18, 1934 (or, if the bank be- came a member of the Federal Re- serve System thereafter, before the date upon which it became a mem- ber), which was in force on such date and which may not legally be termi- nated or modified by such bank at its option or without liability. Rules on Rate of 2 Per Cent. On the maximum rate of 2 per cent the regulations state that no member bank shall pay interest after Jan- uary 1, 1936, at a rate in excess of 2 per cent per annum compounded quarterly, regardless of the basis upon which such interest may be com- puted “on any time deposit (except postal savings deposits which consti- tute time deposits) having a maturity date less than six months and not less than 90 days after the date of deposit or pavable upon written notice of less than six months and not less | than 90 days. except that a member bank may pay interest on such de- posits in accordance with the terms of any certificate of deposit or other contract which was lawfully entered into in good faith before December 1, 1935 (or, if the bank became a mem- ber of the Federal Reserve System thereafter, before the date upon which it became a member), which was in force on such date and which may not legally be terminated or modified by such bank at its option or with- out lability.” The new regulations also cover the maximum rate of 1 per cent. saying that no bank shall pay in excess of 1 per cent “on any time deposit (ex- cept Postal Savings deposits) having & maturity date less than 90 days after the date of deposit or payable upon written notice of less than 90 days, except that a member bank may pay interest on such deposits in ac- cordance with the terms of any cer- tificate of deposit or other contract which was lawfully entered into in good faith before December ‘I, 1835 (or, if the bank became & member of the Federal Reserve System there- after, before the date upon which it became'a member), which was in force on such date and which ma not legally be terminated or modified by such bank at its option or without liability.” Bankers in the financial district said today that these interest rates are practically the same as have been prevailing in Washington for @ long time. Bankers are very anxious for the time to come when bank earn- ings will increase sufficiently so that Interest rates can be raised to their former figures. Robey Is Committee Head. Francis E. Robey of the Bank of Commerce & Savings is chairman of the Entertainment Committee of Washington Chapter, American In- stitute of Banking, which will hold the annual Christmas party next Saturday evening at the Beaver Dam Country Club. He is being assisted in arranging details for the dance by John M. Christie, Riggs National; Henry P. Hoffman, Second Nation: Donald C. Jones, Union Trust C Robert V. Mellefont, Riggs National Richard A. Norris, Lincoln Nation: Thomas J. Norris, Bank of Com- merce & Savings; Frank M. Perley, American Security & Trust Co. George M. Rowzee, Lincoln National; Rose L. Royce, Washington Loan & Trust Co., and Robert A. Sisson, Ham- ilton National. Financial District Gossip. Completion of liquidation of 13 re- ceiverships of financial institutions and the restoration of one receiver- ship to solvency during November, making a total of 173 receiverships finally closed or restored to solvency, are reported by J. F. T. O'Connor, controller of the currency. Secretary Morganthau announces that the latest $50,000,000 issue of Treasury bills was five times over- subscribed. Only applications for the original amount were accepted. ‘The bills are dated December 11, 1935. Robert C. Jones of Robert C. Jones & Co., investment bankers, who is a major in the Officers’ Reserve Corps, U. S. Army, was ordered to active military duty last week, at the head- quarters of the Third Army Corps, for a two-week training course, M ). Jones will complete the training and Teturn to his office December 16. Mergenthaler Again Strong. Mergenthaler Linotype stock was again strong but quiet on the Wash- ington Stock Exchange today, when 10 shares changed hands at 38, same as yesterday's close, The price in Boston is a bit higher, sales being re- ported there yesterday at 39 and 38%;. The final bid today on the local exchange was 38, with 39 asked. The only other sales during today’s sessions were in Riggs National Bank common stock, small lots changing hands at 209, unchanged from the 173 2% 20% 3% 14% 30% 173 9 5% 37% 22% 4% % 47% 41% 129 149% 168 32% 645 315 96 83 35% 1814 89 3% 217 261 £4% 117% 143 254 112 43 = 1401: 27% 16019 1041 ; 215 104% Air Reduction (13). % Air-Way Elec Appl. 18% Alazka Jun (160¢).. % Alleg Corp (d) .. 2% Alleg pf w§30w (d). 21 Allegheny Stl (1)-. 125 Allied Ch 314 Allied Stor 49 Allied Stores pf (5). 12 Allis-Chalmers_ 14 Alpha Port Cmt 214 Amal Leather ___.. 4812 Amerada Corp (2) .. 13% Am Bank Note a25ex 21 Am Brk Shoe (1) 119 Am Brk Shoe pf (7) 110 Am Can (t4) 151% Am Can pf (7) 10 Am Car & Foundry. 251 Am Car & Fdry pf. 8 Am Chain L 66 Am Chicle (13) 23 Am Colortype 2213 Am Comel A|eohoL 6'¢ Am Crystal Sugar . 72 AmCrys S 1st pf(8) % Am Encaustic (d)_. 2% Am European Sec... 2 Am & Forelgn Pwr._ 37 Am & For Pw 2d pf_ 8% Am HawailanSS(1). 3 Am Hide & L (new) 28 Am Hide & L pf (n). 2914 Am Home Pr (2.40). 1% Am Lce 413 Am International 9 Am Locomotive 32 Am Locomotive pf_. 18'¢ Am Mch & F (t80¢). 4% Am Mch & Metals .. 412 Am Mch & Met vte. 13%; Am Metal Am Metal pf (34)_ 4 Am Power & Light 8% Am P&L $5pf(a1%) 10« Am P&L SSDHI!%) 10's Am Radiator 15% Am Roll Mill(1.20). 66 Am Safetvy Raz (). 415 Am Seating vte _.. 20 Am Shipbldg (2) _ 31% Am Sm & Refining_. 102% Am Sm&Ref pf (6). 125 Am Snuff pf (8) 12 Am Steel Foundry 88 Am Stl Fdry pf (2)- 331 Am Stores (2) . 50% Am Sugar (2) 12615 Am Sugar pf (7) __ 1812 Am Sumat Tob ($1) 987 Am Tel & Tel (9)... 721 Am Tobacco (§) __ Am Tobacco(B)(5)_ Am Tvype Fdrs (4) .. 9 Am Type F pf (d).. Tk Am Wat Works __ 43 Am Wat W 1st (6). 47 Am Woolen 351, Am Woolen pf nc Am Writ Pap (d) ___ 2% Am Writ Pap pf (d) 3 Am Zinc & Lead 8 Anaconda Conper.. 161 Anaconda Wire 107« Anchor Cap (60¢)... 31x Andes Copper 36 Archer-Dan-M(+1)_ 3% Armour of Mlinois_ 551 Arm'r(I11)pr pf(6). 16'> Armstr'g Cork (t1) 4 Arnold Const (50¢c). 71: Asso Drv Goods 807 Asso D G 1st pf 312 35% Atch To&S Fe (a2) 66% Atch To&S Fe pf (5) 19': Atlantic Coast Line 3 AtIGui & W Ind 6 Atl Gulf&W Ind pf. 201 Atlantic Ref (1) i 329, Atlas Powder (2)_. 106% Atlas Pwr pf (6). 4 Atlas Tack 15 Auburn Auto _ 3515 Austin N pf(A)(2)_ 2% Aviation Corp(Del) 1% Baldwin Loco (d) __ 715 Baldwin Loco of (d) 71 Baltimore & Ohlo... 914 Baltimore & Oh pt_. ' 100% Bamberger pf (815) 31 Barker Brothers 32 Barker Brothers pf 57 Barnsdall Corp 60c 37 Bayuk Cigar (11) 14 Beatrice Cre (a50c) 72 Beech-Nut P (13).. 11% Belding-Hem (1) 11% Bendix Avia (a2 15% Beneficial Lo (1%). 34 Best & Co (2) Bethlehem Steel 55% Beth Steel pf (1334) 95 Blaw-Knox (10c) 16% Bloomingdale (40c) 28% Blumenthal pf 614 Boeing Airplane 39% Bohn Alum & Br (3) 90 Bon Ami (A)(t4) 38% Bon Ami (B)(12) 21 Borden Co (160) 2814 Borg-Warner (2) 3% Boston & Maine 12 Botany Min (A)(d). 81; Bridzep't Brass 40c. 241 Briges Mfg (12) __ 36% Bklyn-Man Tr (3)... 1% Bklyn & Queens 14 Bklyn & Qupf13%- 43 Bklvn Un Gas (3)__ 3% Brunswick-Balke_.. 4% Bucyrus-Erte 814 Bucyrus-Erie cv pf_ 62% Bucyrus-E pf ($3)_. 31 Budd(E G)Mfg 23 Budd(E G)Mfgpf_. 21; Budd Wheel .. 8% Bullard Co 3% Bulova Watch 1 Burns Bros (A)(d). 3 Burns Bros pf (d) . 13% Burr Ad Mch (+60¢) 1 Bush Terminal (d)_ 5% Bush Term deb (d) 10 Bush Term B pf cod 1% Butte Copper&Z7inc. * Butterick Co (d) 11% Byers (AM) ... 32 Byers (A M) f. 304 California Pkr(1%) % Callahan Zinc 215 Calumet & Hecla. .. Tig Campbell- Wy (1) 814 Can Dry Gin Ale___. 85 Canadian Pacific __ 321 Cap Adm pf (A)(3). 3% Carriers & Ger 20c.. 45% Case (J I) Co 8315 Case (J 1) Co pf(4). 361 Caterpillar Tr (t1). 191 Celanese Corp . 16% Celotex Corp - 22% Cent Aguire (1%).. 34 Central RROfNJ.. 385 Cerro de Pasco (4)_ 38 Certain-teed Prod.. 23 Certain-teed Pr pf. 4% Checker Cab Mfg. 37% Ches & Ohio (2.80) _. 36 Chesapeake Corp(3) 5 Chi & Grt West (d). 15 Chi & Grt W pf (d)_ 15% Ch1 Mafl Order (t1). % Ch! Mil StP&P (d)_. % Ch! M StP&P pf (d) 1% Ch1 & N W (&) 3% Chi & N W pf (d) __ 4% Chi Pneumatie Tool 20 Chi Pneu Tool pf___ % Chi R | & Pac (d) _. 1% Cht R I&P 6% pf(d) 15 Chi.R 1&P 7% of(d) 9% Chi Yellow Cab (1) 25 ChickashaCO (2)-. 3% Childs Co. 9" Chile Copper (a25¢) 81 Chrysler Corp (3).. 12 City Ice & Fuel (2)_ 69% City Ic Fnt (6%) 50 549, - St Nt BERAOD~DANIS o 3= 102% 4 182% 23% 23 o 8 AR R NP RSO RD AW~ - % ] 112% 1% 384 46 % 4% 38 17% 28 CEE IO o a3 ° S AeTeT ey o -3 @ S S TS - 187 -1 34% 106% 6% 10% EEFEET {SURUR BOE 3 = A e FEEE o FEEFESF 2F AL RO S | 115 26 8 10214 1324 30% 8% 38% 113'% 134 8% T b5 % 14 191 13% 14% 37 108 8 106% 28 18% 614 17% 35% 90 us % 23% 15% Consol Gas N Y (1) 72% Consol G N Y pf (5) 1% Consol Laundries... 61 Consol Ofi (a25¢) ... hZVg 108% Consol Oil pf (8)... 215 Consol R R Cuba pf. % Consol Textile. 8% Container Corp (A). 27 Container Corp (B). 435 Contl Baking (A) 5 Contl Baking (B) 46% Contl Baking pf (4). 62% Contl Can (3)._ . __ 7 Contl Dia Fibal.05. 28% Contl Insur (11.20). 4 Contl Motors . ... 154 Contl O Del a62%c_ 41% Corn Ex BK&TT (3). 60 Corn Prod Ref (3)._. 4% Coty Inc .. . 35% Cream of Wh (12)_ 11% Croslev Rad (a25c) 231 CrownC & S (11) 813 Crown Zelleb'k v 14 Crucible Steel .. 1 CubaCo .. .. 5 CubaRRpf. 5% Cuban-Am Sugar. 401 Cuban-Am Sug pt._. 39% Cudahy Pkg (2%)_ 15 Curtis Publishing._. 891 Curtis Pub pf (7) 2 Curtiss Wright_ 64 Curtiss Wright (A) 16 Cutler-Ham (a25c)- 6 Davega Stores_ 22% Deeré & Co 19 Deere&Co pf(11. 10) 187% Deisel Wem G t50c. 2314 Delaware & Hudson 11 De! Lack & West___ 65 Detroit Edison (4)_. 351 Devoe & R (1) (A)_ 26% Diamond Mtch t1%. 13% Dist Corp Seag Ltd.. 344 Dome Mines (12) 6% Dominion Stores 171 Douglas Afr (a75¢). % Duluth S S&Atl pf. 1267 Du Pont deb (6) 104 Duquesne Lt 1st(5) 12 Durham H pf (32)_. % Eastern Roll Mills_. 172% 110% Eastman Kod (t5) 164 141 Eastman Kod pf (6) 16% Eaton Mfg (t1) __. 3% Eitington-Schild___ 19% Elec Auto L (a30e)_ 107 Eler Auto L pf (7).. 8% Electric Boat 5% Elec&Mus Ind a24c_ 1'x Elec Pw & Lt - 3 FElec Pw & Lt $7 pf_. 39 Elec Stor Bat (+2)_. % Elk Horn C pf (d) .. 52% Endicott-John (3) 125% Endicott-J pf (7) _. 14 Eng PubS.c $5 pf 14 Eng P S $5.50 pf ww 4% Equit Office Bldg... 7% Erte R R 814 Erfe R R 1st pf. 6% Erie R R 2d pf 10% Eureka Vac C (80¢c). 15 Evans Products (1) 5 kairbanks Co 4 Falrbanks Copf... 17 Fairbanks Morse 5% Federal Lt & Trac.. 48 Fed Lt & Tr pf (6) 54 Fed Min & Smelt pf 3% Fed Motor T (a20c) 2 Fed Screw Works . 7 Fed Water Sve (A). 1813 Fid Phoe F 1(+1.20) 131 F1 one (40¢) . 841 Firestone pf(A)(6). 443 First Nat Strs (23) 19 Florsheim S (A)t1 21 Follansbee Bros (d) 20% Food Machine (1)__ 974 Foster-Wheeler ___ 60% Foster-Wheeler pf. 19% Fourth N 1 ww a1.10 30% Frank Sim pf($5%) 17% Freeport-Texas (1) 4% Fuller Co 2d p! 7 Gabriel Co (A) 7 Gamewell Co _ 514 Gen Am Investors__ 32% Gen Am Trans(1%) 11% Gen Aspbalt (a25¢c). 7% Gen Baking (60¢)-— 5% Gen Bronze 2 Gen Cable 4 Gen Cable ( 20% Gen Electric (80c)_. 30 Gen Foods (180) ... % Gen Gas & El (A) _ 11 Gen G&E 7% Df(A) 59% Gen Mills (3) 26% Gen Motors (12) 2 Gen Mators pf (5) - 3 Gen Outdoor Adv _ 175 Gen Print Ink 11.60. 1x Gen Public Service. 15% Gen Rv Signal (1)_. % Gen Realty & Utll _ 14% Gen Real&U pf ww. 16% Gen Refrac (a50c) . 12 Gillett Saf Raz (1) 7013 Gillett Saf R f (5). 21 Gimbel Bros 18 Gimbel Bros pf. Glidden Co (2) 1047% Glidden Co pr p 1% Gobel (Adolf)(d)._. 14% Gold Dust (1.20) e 74 Goodrich (B F) 40 Goodrich (B F) pf. 15% Goodvear T&R 70 Goodyear $7 pf (4).. 215 Gotham Silk Hose_. 20 Gotham Silk H pf__. 1% Graham-Paige 5% Granby Consol 2% Grand Union 14% Grand Un pf 18% Granite City Stl (1 26 Grant (W T)(t1)__. 9% Grt Northernpf __. 9y Grt North Ore (50c) 26% Grt West Sug (2.40) 25% Green (H L)Inc(1). 34 Greene Cananea(t3) 20% Greyhound Corp Guantanamo Sugar. 4' Gulf Mobile & N 6 Gulf Mobile & N pf_ 12 Gulf States Steel 48 Gulf States Stl 1 4 Hall W F Printing 63° Hamilton W pf(a2). 105 100% Hanna (M A)pf(5)_ 16 Harbison Walk (1) 5% Hat Corp of Amer.... 1% Hayes Body . 85 Hazel Atlas Gl (5) __ 162 142% Helme (G H) pf(7). Hercules Motor (1). Hercules Pwr (13) _. 1 71 128 122 Hercules Pw pf (7). 104 Hershey Cpf (14).. 5% Holland Furnace ._ 654 Holland & Son (50¢) 20% Holly Sugar 7% pf._. 61 Houd-Hersh(B)1%. 1% Houston Oil (new). 43 Howe Sound (t3) 2% Hudsen & Manhat._. 6% Hudson Motor Car... % Hupp Motors ... 9% Illinots Central ... 15 Illinois Central pf__ 40 Il Cent lse lines (4) 21 Indian Refining - 231 Indus Rayon (1.68) 60% Ingersoll-Rand(12). 46% Inland Steel (12) 2% Inspiration Copper.. 4 Insur Sh Md cfs 15¢ 7% Interboro R T (d)__ 1% Intercontl Rubber.. 4% Interlake Iron 2% Int Agricultural 32% — % 104 - % 5 =} 10% — % +1% + % - - +1 =R OFE e FEF b IL:+I|++I FEOFE 14 - & FF +il+1 14+ ) FEFESEE Ao B LA F FE o e 8 LS T LRI e ey rev# I|‘|_+I|LII monBe ERFE R PR FREEER 2FEEIE o o EXTE-IN 8 sowad 31% 107 107 % 6% 6% — % 110 110 1035 103 — % 4 125% 125% + % 114% 115 20% —-1% 35% ~1% 58% ~1 3% 30% — % 115 -1 103% —1% 6% — % H+ % 7 1 2% + W 1 3% — % 189 +lh ks % % % 1% 16% 2% 2% ll% 10% 3% 4 l!9 187% - NOTOBaA TN 28 Kinney (G R) Co Kres, 56% Kress (S H) (1 224 Kroger G&B (1.60). 12 Laclede Gas St L. 21% Lambert Co (2) 8% Lee Rub&Tire (50c) 10% Leh Port Cement___ 1'3 Lehigh Valley Coal. 5% Lehigh Val Coal pf._ 5 Lehigh Valley R R. 10% Lehn&Fink Prod(1) 614 Libby McNetll & L._ 21% Lib-O-Ford G1(1.20) 93% Ligg&Myers (14) B 15% Lily Tulip Cup(1%) 13% Lima Locomotive 24% Liquid Carb(11.60) 81% Loew's Inc (2) __ 102 Loew's Inc pf (6%). 1 Loftinc __ 1% Long Bell Lum (A). 33 Loose-Wiles (2) .. 18% Lorillard P (11.20). % La Olt Ref (d) 4% La Ofl Ref pf (d) .. 10% Louisv G&EDfA 1% 12% Ludlum Steel 377 McAndrews&F (12). 28 McCall Corp (2) TV MeCrory Stores (d). 61% McCrory Strs B (d). 57% McCrory Strs pf (d) 7% McGraw Hill Pub__ 33% MclIntyre Porcu(2) 901 McKeesport T P (4) 57 McKesson & Rob 2 32 McKesson & Rob pt 815 McLellan Store 18% Mack Truck (1) .. 3015 Macy (R H)& Co(2) 512 Madison Sq G (a30c) 18“« Magma Copper (2). 4 Manati Sug pf (d).-. 3 Mandel Bros 13% Man El md gtd (4). 1 Maracaibo O1l Exp_. 5% Marine Midld (40c). % Market St Ry . 3% Market St Ry pr pf. 215 Market St Ry pf 1 Market St Ry 2d pf. 20 Marlin-Rockwell(2) 6% Marshall Field & Co 4 Martin Parry 23% Mathieson Alk 1% .. 35% May Dept Str (1.60) 512 Maytag Co 33 Maytag pf ww $7%. 41 Melville Shoe (3) 3 Menwel Co. . 20% Mengel Co pf 24'4 Mesta Machine 2} Miami Copper 91 Mid Cont Pet (a40¢) 814 Midland Steel Prod 60' Midl'd Stl 1st pf(8) 58 Minn Hon R (13)... 37 Minn Moline Pwr _ 31 Minn Moline Pwr nf '« Minn & St L (d) 1% MStP&SSMlisin 10% Mission Corp 213 Mo Kans & Tex: 57 Mo Kans & Tex pf__ 1 Mo Pacific (d) 1's Mo Pacific pf (d) 10% Mohawk Carp (1) __ 55 Monsanto Chem(t1) 21% Montzomery Ward 441 Morrell(J)&Co 2.40 4 Mother Lode 1714 Motor Products 2). 7l Motor Wheel (60¢) . 915 Mullins Mfg (B) .. 13% Munsingwear Inc 4% Murray (‘orp - 221, Nat Biscult (1.60)c- 153 141% Nat Biscuit pf (7). 23% 131 Nat Cash Reg(50e)- 20% 127% Nat Dairy P (1.20) 113% 103 Nat Dairy P pf A(T) 4% 1% Nat Dept Stores (4) 34% 17 Nat Dept Str pf (&) 3415 23% Natl Distillers (2)_. 324 21 t En & Stpg (2) llO‘i 121% Nat Lead pf (6) B.. 4% 4% Nat Pwr&Lt (60c).. sau 40% Nat Steel (t1) . 20% 9 NatSupply Co..... 77% 36 Nat Supply Copf... 11% 8% Nat Tea (80c) . 13'4 Ti3 Natomas Co (80¢) 413 21% Nelsner Bros (t1) _ 61% 43': Newberry J J(1.60) 10%; 3% New Orl T&M (d) 9% 4% Newport Industries 18%e N Y Airbrake — 12% N ¥ Central R R N Y Chicago & St L %N Y Chi&StLpf - Dockpf . Investors (d) . NH & H pf (4) Rys pf (d) Y Shipbuilding.- 69 N Y Steam pf (6) __. 79 N Y Steam 1st (7) % Norfolk Southn (d). 158 Norfolk & W (18) 2 North Am Aviation. 9 North Am Co (1) 35% North Am Co pf (3) 57 North Am Ed pf (6) 13% Northern Pacific__.. 914 Ohlo Oil (a30¢) .. 16% Oliver Farm Equip. 31 Omnibus Corp vte _ 4% Oppenheim Collins_. 11% Otis Elevator (60c). 414 Otis Steel 22% Otis Steel prpf ___. 80 Owens-I1l Glass(4)_ 14 Pac Am Fisn(aZse) 1 Pacific Coast 31 Pacific Coast 1st. . 1 Pacific Coast 24 13% PacificG & B (1 19 Pacific Ltg (2.40) 70 Pacific Tel&Tel (6) 6% Pacif West Ofl a25¢ 315 Packard Motors % Panhandle Pro & R. 612 Panhandle P&R pf. 72% Paraffine Co (2) 8 Paramount Picture 67 Param’t Pic 1st pi 914 Param't Pic 2d pf_ 11 Park & Tilford 2Y% Park Utah % Parmelee Transp' . 4% Pathe Film Corp__—. 8% Patino Mines __. 64% Penick & Ford (3).. 57% Penney J C (2) 3 Penn Dixie Cement.. 17% Penn R R (a50¢)... 17% Peoples Gas Chi 13 Pere Marquette pf 16% Pere Marg prof . T8 Petr C of Am(alsc) 11 Pfeiffer Brew (t1).. 12% Phelps Dodge a50c_. 23 PhilaCo 6% pf (3)_ 3% Phila Rap Tr pf (d) 1% Phila & Read C&1.. 85% Philip Morris (1) 51 Phillips-JonesC .. 13% Phillips Petrol (1) 3 Phoenix Hostery 1 3 51 1 47 25 5 15 15 1 208 3 50 Phoenix H of (3%). & Y% Pierce O1l 2% Pierce Oil pf 5 Plerce Petrole 5% Pitts Screw & Bolt .. 10% Pitts Term Coal pf. 241% Pitts United Cpf___ 6% Plymouth Ofl ... 6% Poor & Co (B) . 4% Postal Tel&C pf @ 5 Pressed Stl Car (d). 61 Pressed 8tl C of (d) 42% Proc&Gambl (t13%) 24% 41 334, 14% 14% 111 17% 40% 123 105 5% 14 33% 144 13% 111 16% 39 123 9% 534 1315 26% 53% 17% 21% 111% 111 1494 149% % 6% 63 63 % 1 39% 123 9% b4l 13% 27% 3281 % St L-San Fran (d)_. 1. St L-San Frpf (d).. 6 Savage Arms 22 Schenley Distillers. 1% Schulte Retall Strs 55 Scott Paper (1.80) . % Seaboard Air L (d). % Seaboard A L pf(d). 20% Seab’d O Del (t60¢). 31 Sears Roebuck (12) - % Servel Ine (a12%c). 9 Sharon Steel Hoop.. 3% Sharp & Dohme 40% Sharp & D pf (3 7% Shattuck (FG) 25¢. 20 Sheaffer Pen (al%) 20% Shell Trad (21.23.7) 5% Shell Gnion Of1 . 8% Silver King C (40c). 6 Simmons Co 4% Simms Petrol._ 614 Skelly Of1 13 Sloss-Sheffield Stl_ 24 Sloss-Shef Stl pt. 29 Smith (A O) _.. 15% Snider Packing .. 10% Socony-Vae (30¢) 20 So Porto R Sug (2). 10% South Cal Ed (1%)_ 12% Soutnern Pacifle . 5% Southern Railway_. 7 Southern Ry pf ___ 15 So Ry M&O ctfs (4) 5 Spalding (A G) 42 Spalding(AG)1st pf 5914 Spang Chalf pf 31 314 Sparks-Withington 3% Spear & Co 31 Spencer Kell (1.60) 7% Sperry vte (a25c).. 8% Spicer Mfg 437 Splegel-May-S (3) . 4 121 Stand Brands (80c) 122% Stand Brands pf(7) 2% Stand Com Tobacco 1% Stand Gas & El (d) 1% Stand G&E $4 pf (d) 4% Stand G&E $6 pf(d) 6 8tand G&E $7 pf «d) % Stand Inv Corp .. _. 27% Stand Ol of Cal (1) 111 Stand Ofl Exp pf(5) 23 Stand Oil of Ind (1) 53% Stand OfI N J (+1) _ 1215 Starrett (L S) 1.40 58% Sterling Prod (3.80) 1% Sterling Secur (A) 36 Sterl'z Sec 1st pf 3 6% Stewart-Warn 150¢ 215 Stone & Webster __ 21 Studebaker Corp.__ 602 Sun Ofl (1) 1154 Sun Oil pf (6) __ 11 Suverheater (50¢)- 1% Superfor ON1 __... 5 Superior Steel _ 177 Sutherl'd Pa t60c 31, Sweets Co of Am 14% Swift & Co (1) % Symington (4) 1% Svmington (A (d) _. 6% Telautograph(60c). 4 Tennessee Corp 16'; Texas Corp (1) .. 28% Texas Gulf Sul (2)_ 14 Texas&PacRR _ 3% Tex Pac Coal & Ofl 815 Tex Pac Land Trust 131 Thatcher (1) _ 5Y% The Fair 215 Thermoid Co 13% Thompson Prod 1% Thompson Starrett T3 Tide-Wat Asso Oil R4 Tide-Wat A O pf(f) 26% Tide Wat Oil(al.15) 4% Timken- Detroft 28% Timken R B (42) T4 Trans & Westn Air 47 Transamerica (30c) 5% Transue&Williams. 1% Tri-Contl Corp .. 69 Tri-Contl C pf (6).. 3% Truax-Tra Coal._ 313 Truscon Steel ____ 13 20th Century Fox 243 20th Century Fox pf 24 Twin City RT 18 TwinCity RT pf. 1% Ulen & Co 53% Und-Fll-Pish (2%) 29 ' Union Bag& Pap (2) 44 UnCarb&Co (2) 4% Union Ol of Cal (1) 212 Union Paciflc (6) 79% Unton Pacific pf (4) 20% Un Tank Car (1.20) 97 United Afrcraft 42 United Air Line vic 20% United Risc (160) 111 United Bise pf (1) 14% Unit-Carr F(+1 26 46 United Carbon 240 1'2 UUnited Corp 20% United Corp of (3) 8% United Drug = 412 United Dvewood __ 31 United Elec Coal __ 60% United Fruit (3) 9% United Gas Imp (1) 7': United Gas | pf (5) 21 United Panerb'd (d) U § Distributing pf 4 U S & For'n Secur S Freight (1) __ 3 U S Gvrosum (t1) U § Hoffman 35'% U S Ind Aleohol (2) 314 U S Leather vic - 713 U S Leather (A)vtc 14% U S Pipe & F (50c) 19% U S P&F 1st pf 1.20. 3 USRealty&Imp - 9% U S Rubber 24% U S Rubber 1stpf __ s 92 USSm& Ref (a8)_ 627% U S Sm&R pf (3%)- 271 U S Steel 73% U S Steel pf (2) 149% U S Tobacco pf (7). 3% United Stores (A) 51 Un‘v Leaf Tob (12) 29 Univ Pic Ist of % Univ Pipe&Rad (d) 9% Univ P&R pf «d) 1 Util Pwr &Lt (A) . 15 Vadsco Sales Corp 19% Vadsco Sales " pf . 11% Vanadium Corp 34 Vick Chem (12) 214 Va-Car Chemical _ 174 Va-Car Chem 6% of 2% Va El & Pwr pf (6) 1 Wabash (d) 1% Wabash of (A)(d) 1 Wabash pf (B)(d) 4% Waldorf Sys (50¢) - 26% Walgreen (a1.30) _ 114 Walgreen pf (6%) 1% Walworth Co (d) .. 5 Ward Baking (A)__ 1% Ward Baking (B) _ 2815 Ward Baking pf (2) 2y Warner Bros Pic 141 Warner Bros Pic pf. 5% Warner-Quin (d) .- 21, Warren Bros = 20% Warren Fdrv&P(1) 27% Waukesha M(+60c)_ 4 Webster Eisenlohr 1 Wells Fargo 30% Wesson O&S(t50¢). 34 West Pa Elec (1)A 36 West Pa Elec pf(6) 5% Western Maryland. Tl Western Md 2d pf 2% Western Pacific of_. 20% Western Union 18 West'gh'se A B 50c.. 32% Westingh'se El(al) 10 Weston Elec Ins 16% Westvaco Chl (40¢) 25 Wheel & Lake E pf_ 14% Wheeling Steel 46% Wheeling Stl pf32.. 6% White Motor 12% White Rk M S(1.40) 1% White Sewing Mch_ 6 White Sew Mch pf.. 1 Wilcox O1l & Gas . 4 2 5 16 2 R IRIOFRRITETY S Y Sl —~ON SN ) 1) s -3 e s 010 B0 B 1 T 000 e 1 5 N 0 ek N1 @ 13 43% 4 29% 110% 2% 5 4y 93, 305 118% 54 1% + % 2% - % Stock Net change Today, noon Prev. day Month ago Year ago __ 1935 high... (Compiled by sharp decline i market. not open due to buyers. New York price frof 65% ounce. |about 9 points support. de Pasco, Smelting, Omnibus Corp.. up to 2 points shares. Sharp Decline Shares Brings Pressure on Other Groups. - 133 - 453 - 175 -146.9 153.9 184.3 157.7 . 51.6 953 618 618 cents to 64% included Interpational Nickel, Howe Sound, American Anaconda, United States Steel, Consolidated Gas, General Motors, ern Union. A few specialties, such as Montgomery Ward, Collins & Aikman, The late tone was heavy. periods were succeeded by dullness,, and transfers approximated 2,300,000 in S|Iver Averages Indu! RAlll Ulll Buu, —4 — — 733 304 30.8 25.2 26.4 31.2 185 43.0 228 8.7 43.4 438 424 26.1 456 216 406 242 239 55.1 55.5 533 396 56.1 3438 514 349 169 728 53.0 76.3 495 614 the Associated Press.) BY VICTOR EUBANK, Associated Press Financial Writer NEW YORK, December 10—An n silver mining issuesry cn the Stock Exchange today brought.: uneasy selling elsewhere in the equities » At London official silver trading did the non-appearance of * The stalemate was attributed to the cessation of bidding by thé United States Treasury. Owing to the” | London development, no quotation for the imported white metal had been set in New York at a late hour. The was reduced yesterday cents an United States Smelting dropped before receiving some Others down 1 t6 around 3" Cerro’’ Kennecott, Santa Fe and West= Chickasa Oil an@* | Baldwin bucked the trend for gaing Active Chicago Grain By the Associated Press. CHICAGO, December 10.—Assisved by signs of unusually large purchases of Canadian wheat for shipment over~ seas, the Chicago wheat market went decidedly upward today. | Better demand in Chicago for wheat | future deliveries found offerings light. Maximum gains for about 1% cents. Wheat closed as yesterday's May, 95%-75. | 59%-%. Oats, wheat here were* ettled at the same ish to 1'% higher; Corn, %-7 up; May, unchanged to % ade | vance, and provisions unchanged to & | rise of 2 cents. WHEAT— Open. Dec High. Low Close. 9485, 98 Chicago (lsh Market. Cash wheat 80 per cent soft; 53a55: No. 3 vellow. 56',a5 No. 5 white, 56 | 41a53; oats. white, 2513 | S0y ; No. 3 + 4 ~— % | malting. 38a80: “» | hundredweight; =3eh No. 3 white, 283;: ; sample grades, 23 No. 2 mixed. 1.02'3, 5 mixed, No. 4 white, 59259 4,a571,; sample grade, No. 4 272} beans, No. yellow, yellow, 79'2a81; No. 4 sample grade, 79, all , nominal feed, 30a40; timothy seed, 3.00a30 clover seed, 12.00a 17.00 hundredweight. Liverpool Grain Prices. LIVERPOOL. December 10 (¥ —Wheat | futures closed steady December Marcn gayc - Exchange By the Associated NEW YORK. ‘[ futures today and developme gressiveness. 1142 in the points lower. Putures closed lower. December January . March May daty - 17.000_ bales. . | good ordinary. 5. | and steady. | 6.34: Mareh | October, 6.05. RK. Aetna Cas (2'2a) Aena Ins (160) Aetnn Life (.60) Asnicui.ural NEW YOI York Security Dealers’ Association. High. Low f81z 873 Press. December 10.—Nervous | and irreguar fluctuations ruled cotton Sentiment was unset- | tled by weakness in the stock market nts in silver. Neither buyers nor sellers showed much ag- After selling off to 11.36, March rale lied to 11.45 and was ruling around midafternoon market, which was about net unchanged to § steady, 3 higher to 8 Liverpool Quotations. LIVERPOOL December 10 (P.—Cotton, including Spot moderaie business done ver; quotations i pence: 60d_middlin Striet middlng | diing strict_low middling. 6.40 middiing. 6.15; strict good ordinary, 5.05: 5700 American. prices 6570; .05, rutur‘!s closed quiet mber January. “Ma: it —_— INSURANCE STOCKS 10 (#).—New Asked. 116 December Bid, Am Ins Nel'-rk 'l FREFESEF ll'lli 149% Int Bus Mach (18) 86% 2% Int Cement (1) 65% 34% Int Harvester 1.20 20% Pub Sve N J (2.40) . 62% Pub Sve N.J pf (5)_. 73 Pub Sve N'J pf (6). 3% City 12% Chrk l'anlp (806) . 80 CCC&StLpf(5)-. A5% 44% 44% 2 104'% 103% 104% + 2 116% 116 116% 2 34% 34 -8 34 4 62u 61k 61y — h 3% Wilson & Co (50c) .. 58 Wilson & Co pf (6). last previous transfers. Bid and asked prices on other issues were practically the same as last week. The bid of $500 a share remains on ‘Washington Railway & Electric com- mon, with none offered at any price. Brokers in this city today were pleased with the optimistic predictions “of W. J. Harrahan, president of the Chesapeake & Ohio Railroad, on the progress being made out of the de- pression and the return of confidence among business men. NEW YORK BAR SILVER. NEW YORK, December 10 (P)— Bar silver easy, 1 cent lower at 63%. Northern Pacific Railway—Deficit, 10 months ended October sl. was, T{M ,820 vs. deficit $2,420,885 58 1198 72 23% 3 m 11 [ 6% 275% Clev Graph Br (11). 20 Cluett Peabody (1) 72 Coca-Cola (+2) ___. 53% Coca-Cola (A)(3) ... 15% Colgate-P-P (+50¢). 9 Collinis&Atk (as0c) 69% Collins & Alk pf (T) 6% Colonial Beacon Ofl % Colo Fuel & Ir (d) .. 5 ColoF&Iipf(d) . 7 Colo & South 1st pf. 3% Col G & E (a20c) . 385% Col G & E pf (A)(8) 31 Col3&Epf(5).__. 34% Columb Pie vte (t11)x 67 Colum Carb vte(t4) 391 Comel Credit (2%) x 110 Comcl Cred pf (5%)x 664 Comel Inv Tr (13)... 16% Comel Solv (160c) ast Pub._. 27 Congoleum-N 11.60- 1 90s u 8 152 185 Int Harvester pf(7) 4% 6% 4% 5 3% 2% 25% TR 1% Int Hydro Elee (A). 1% Int Merch Marine _ 22% Int Nich Can(a76c). 1% Int Paper & Pw (A) % Int Paper & Pw (B) % [nt Paper & Pw (C). 4% [nt Paper & Pw pf __ 98% Int Print Ink of (6) 1% Int Ry C A (A) ctfs. 25 IntSalt (1%) 57 Intl Silver pr.... 5% Int Tel & Tel _ 8% Interstate Dept 24% Island Creek C (2) 49 Jewel Tea (3) 38% Johns-Manville(2)_ 60 Jones &Laugh?%pf 3% Kans City Southn. . 6% Kans City South pf_ 7% Kaufmann D S(80c) 15% KayserJ&Co(al.16). Hayes (A).. -Hayes (B)-. 1152 152 162 + % ! 3% N—k 4% —2% %+ % 2% + % 2% + % 108 2 3 3 9 90s 508 4 29% Pullman Ine (1%).. 5% Pure Oil % 34% Pure O1l 6% ot 495 Pure O11 8% pf _ 8% Purity Bakeries (1) 4 Radio Corpration 50 RadioCorppf A 3% 35% RadioCorppf B .. 1% Radio-Keith-Or(d). 16% Raybestos-Man(1). 29% Reading (2) e 20% Real Silk Hos of .. 7 Remington-Rand._.. 2% Reo Motor Car__. 9 Republic Steel - % 78% Rep Stprpf A $1%. 5% Revere Copper 13 Revere cwv-r (A)- 26% 17% Reynolds Met (1)... 112% 101 Reynolds M of (5%) 29% 12% Reynolds Spring (1) 58% 43% Reynolds Tob B (3). 9 38% 3T% 37% 85 14% 14% 14% + 97% - IS TS PN 3 1SN SV PN 114% 1 26% 25% ll 111 28 55% 98% + 116 + 14% — FEFRRFER 111 41 28 - % 56 =¥ 33 83% + u‘, Y 38% 100% 14% 51 Woolworth (2.40) _ 11% Worthington Pump 25% Worth Pumppf(A) 351 Wright Aero 8% Wrigléy W ir “+3).. 17% Yale & Towne (60c) 2% Yellow Truck i 18 Young Sp & W (13). 18 Younestown S&T 38% Youngst'wn S&T pf 1% “enith Radio 6% 2% Zonite Products.. Rights Expire. 7% Auburn wi Deec. 24 , % Budd Mfg. AI*.I( 15 120 20 10 100 14% 6% 1% 13% 6% 1% 2% 2% 6% 1% 24 — W Approximate Saes of Stocks an the N. Y. Stock Exchange. 630,000 12:00 Noon' 1:00 P-M.______ 1,550,000 2:00 P.M. Dividen rates as siven in 4 o {2a ghese ey o0 00 popnss ot | 85 ‘“‘;w#"'*fifi@fm Tl Prov Wash (1) 8t Paul Pire (7 !Bflnlfleld 14‘7) 1,020,000 1,820,000