Evening Star Newspaper, December 11, 1936, Page 17

CORPORATE BONDS REGISTER GAINS Ralls Advance Fractions to Point—0ther Groups Also Improve. Bond Averages a2, i u\?x ':C‘z Net change. —.1 unc. +.1 Today, noon 97.6104.2102.4 71.9 Previous, day 97.7104.2102.3 717 Month ago.. 97.2104.2102.6 Year ago ... 853101.8 99.6 1036 high... 97.9 104.4103.1 1936 l0W.... 8691018 99.3 1935 high... 87.81022 99.8 1935 loW.... 764 922 845 65.5 1932 10W.... 45.8 40.0 646 422 1928 high...101.1 98.9 102.9 100.5 10 Low-Yield Bonds. Noon ....113.5 Prev. day- 1134 Month ago 1129 Year ago.100.56 1936 high. 113.4 1936 low.. 110.2 1935 high. 110.7 1935 low.. 107.9 1928 high. 104.4 1932 low.. 86.8 (Cempiled by the Associated Press.) 04 BY the Associated Press. NEW YORK, December 11.—Ad- vancing tendencies marked a consid- erable section of the bond list today. Rails had a number of gains rang- ing from fractions to around a point. Hiram Walker 4!5s, International Tel- ephone 5s, Allis Chalmers 4s and Studebaker 6s were bought at higher levels. Central Foundry 6s, a con- wvertible, pushed up 18 in brisk deal- ings. United States Governments had an improved tone in spite of some uneven- ness in price movements. Most of the Treasurys were up 1-32 to 4-32 of a point. A few were down 1-32 to 5-32. DIVIDENDS ANNOUNCED NEW YORK. December 11.—Dividends Qeclared (prepared by the Standard Sta- tistics Corp.) =0 Pe- Stk. of Pi ; Flod. record, uf Fung $1 i rablet & 8tat s0c Year lnd. Ainsworth Mfg S Repe MIIE Tne 31,33 Clinchfleld Coal $1.50 Knott Corl Shver Stear o-u Superheater Co 'win Coach Increased. Am Potash & Chem_s1.25 Davega Stores __ Staley (A B) Mfg Initial. Amer Hard Rubber L10e Plrlm nt Pic 1st pf §1 .50 “ Eauity Corp 25%2¢ Indiana, 8% & Chem Teshnleolor a4 Boc Accumulated. Pamamount 1st pI_$10.50 o 306 - New mngl.na Pow Avn“ « !le‘ m;hna Pow Asn CET uemoldl Invm 56 3ie Final. Anglo Amer. Corp. of South Africa, per cen - Balaban & Braar dulf Amoskeas Mfg . Res: 12-15 - 12-18 12-21 30 Adams Reyalty _ Bulsban & X %0 LS Gas ',!c Co of Be: Axton Fisher Tob Carthage Mills “A” pi Carthage Mills “B" pid Ohemical Bk & Tr Goldblatt Bros 7Y New !nlllnd Pow Assn i $1.50 Q@ )lew lnl and Pow Assn Q 0c INSURANCE STOCKS YORK, December 11 (#).—New York Becurty Desicrs Assosiation: $1.50 @ Ge @ | Aetna Cas (2a Aetna Ins (1.60) Aetna Life (:608) - eatones &—Ai30 extra of ext — FEDERAL LAND BANKS YORK. December 11 (.—federal LahE Bank bonds: = Bid. Asked. 4%s lloV.. 107 CHICAGO LIVE STOCK. c"wb?m oL um}n \'fl) (Chted 3 o). .“:u u"?'.x"a' ':5 ‘Bl ifn e t m 1 & er &ay's average: top, 10.25 baid freely uum l»"-aofl uundl lfl D.J Yl lnls-l 1000. b!ll Sorhede, %.000; ; Salves, 50O weneral trade n n-iw ‘mot .#:’.,fl ron nnlfl‘.‘\houlh {’s: ‘I:E?%“ ":t‘w' en'. (fiu'@nfly E@_ S, d_ low ; mostly ‘l B ally 4.2825.50: taide s erings, lers _ steady: i few s slow, oooo including t8; fat i bou ofinhl very slow: early stles pbout otce. Ted Westerns to nl“id‘ diry = m her, - el S ek 2o, MONEY MARKET. W, YORK, December 1l _wfi:&l wfifli’:‘"m Jg'-%-n-a m&'.. 134 an lwn&:lh ‘New Yorl Atlantic, Gulf & West Indies Steam- ship Lines—Net income, 10 months é@hded October 31, was $626,535, equal to $1.41 & common share, dgainst defi- cit of $964,7129. 1 | Ger Gov 5%s 6. BONDS ON By private wire direct to The Star. Approximate Transactions Today. U 8Gov't Bonds..___- Foreign Bonds_ . o Bonds.._.. 10,410,000 Domesti TREASU Hij - 106 106, 104, 2%s lll;-fl 2% s 1949-62_____ 3%s 1941, 3%81940-43 June :u- 1941-43 Mar. J— 1164 4% s-33 5 110.] 4% 194752 660,000 1,990,000 RY. gh Low. Close. 24 106,22 106.22 19 106.19 106,19 9 1047 104.7 102.28 102,29 102,13 102.16 106.18 106.18 108,26 108.30 108, 108, 109.12 109.14 1108 11012 108.16 108.16 109.14 109,16 114.17 11417 1168 1163 16 110,15 110.16 121.24 121.28 121.24 FEDERAL FARM MORTGAGE. 381049 106. 4 1054 1054 HOME OWNERS' LOAN. 103, 108, 104, 2% 1942-44, 2%® 1939-4! 381953 1 4 108, 108, 102.81 103.4 .25 104.28 104.24 FOREIGN BONDS. Abitibl Pa&Pw bs ‘53 AgT Mtg Bk Col 68 47 Febr coupon on_. Akershus 6» ‘63 Antioguia 7845 A. Antioquia 78 *45 B. Antioguia 78 ‘456 Cocee Antioquia 7845 D. Antioquia 1st 78’67 Antloquia 2d 78'57 new Antioguia 34 7s '57. Argentine 53 s '62 Argentine 68 ‘57 A. Argentine 6s'58 B____ Argentine 8s *59 June. Argentine 68’59 Oct__ Argentine 6s °60 May. Austrian 78'67 . Belgium 6% Belgium 78 66 - eeee Berln 6s Berlin 63850 _ Berlin Elec 68 ‘65 ... Berlin Elec 6%s '69._. Brazil 6%s 26-'67 Brazil 634 27 Brazil 7s ‘62 | Brazil 8s *41 ——— | Budapest 6s "62 unmat coupon on__. Buenos A C 3s ‘84 Buenos A C 6s '60 Oct. Buen A 4%48-4%8'75_ Buenos Alres 43%8-45%s8°76 April Buenos A 4%s ‘76 Aug Buenos Aires 4%e-3%s8'77 Pv Buenos A C6%8'55 . 2 | Buenos A C 68’61 Pv._ Buenos A 6s 61 st Pv. Bulgaria 7s ‘67 July coupon off.. Canada 3%® 61 oo | Chile 6561 Jan _____ Chile 68'61 Febr .. Chile 65 61 SePtoae... { Chile 78 42 Chile Mtz Bk 6s Chile Mtg Bk 6% s 61 Chilean Mun L 78 60 0 Colombia 6s Colombia 63 Col Mtg Bk 7 Jopenhagen 4%s '53. Copenhagen b8 '52 Cordoba 78 42 Prv. Costa Rica 78 A "51... Cuba 43%s ‘49 Cuba 58 '04-'44. Cuba 63%s 45 Czechoslovakia 85 51. Depmark 439 63 _ Denmark 65%s '55_. | Denmark 6s *42 | Dominic 15t 5%s Fiat deb 7s s | Finiand 6s *45 | Frankfort 635 ‘53 Fremch G 7%s’4luns Ger C Bk A 6238 Ger Gen Elec 65 ‘48 Ger Gov 5%s 65 st un st Ger Prv & City Bk con Ag 6= '58 Ger Rep 7s'4y stpd __ Ger Rep 78 "49 un s Greek Gov fa 68 Greek Gov 7s 64 __. Haitl 68 52 Hung Con M Hungary 7348 44 Febr coupon on Hung Con M 7%s "¢6 unmat coupon on. .. Italy 78 ‘51 Ital P U Crd 78 '63____ Japan 6%s ’68 2| Japan 638 5. Jugos Mtz Bk 7s wr unmat coupon Karst 63’43 ct st prin. Kreus&Toll 53 ‘59 efs_ Lombard Elec 78’52 Medelin 634» ‘54 Mex 48 104/ New So Wales 65 "57.. New So Wales 68 '58... Nora Ry 6348 '50. Norway ¢%s’65 . Norway ¢%s 5 Norway 6s'63 ... Norway 6343 _______. Norway 68’44 Norw Hy Elec 5%8 67 Norw Mun Bk 5870 .. Oriental Dev 638 ’68. Orfental Dev 6s ’5: Oslo 438’66 Panama 63 '63 stpas. Paris Orl Ry 6%s '68. Pernambuco 78 "4 Sept coupon off ... Perto Al u 1%s'68 July coupon oft Prague Gtr ‘l%- ‘63, Queensiand 78 "41____ l Rhein Ruhr 68 51 ... Rhinelbe Un 78 *46.... Rhine W .El P 6s°53 .. Rbine W El P 6863 Rhine W El P 6 Rio de Jan om 53 Aug coupon of?t Rio Gr do Sul 6s 68 June coupon off ... Rio Gr do Sul 7s * May coupon oft Rio Gr do Sul 7s June coupon oft Rio Gr do Sul s 880 Paulo C 638 57 May coupon off ... Sao0 Paulo C 8» 63 coupon oft - Sao Paulo St 6s *68 Silesia Prov 78 ‘58 Stlesian Bank 6847 Taiwan Elec 5%s T1.. ‘Tokio 63s *61. High. Low. Close. 8 18 T8 24 983 18% 2 981 1234 123 123 1234 1% 1y 1% { 102 i 1024 i 102 1021 10235 108 1024 102% 1025 3 1023 10244 1093 & 1094 100 1078 116 w3y 2314 2374 24 26 36 343 393 2734 6134 101 24 98Y{ 183 1234 1224 1234 124 1%y 11% 1024 1023 10214 102y 10234 108 10234 10214 10214 19234 10214 110 10954 100 107% 16 234 23 237 N. Y. STOCK EXCHANGE lllh. Low. Close. Tokio DL Ltd 6s"53.. Alited Stores 438 "50. Allls Chaimers ¢8 45 Am & For Pw 68 '2030 Am Icecv 6863 ... Am1GCh %8 49 0 106 Anglo-Chil Nit 1867 Armour & Co 4%s 39 Armour(Del)1st ¢w'5b A T&S Fe 45 '05-"66.. 1 adj Atlanta & Birm At Coast L 1st 4 Atl Coast L clt At1G & W ) 6569, B& O 1stds 43 B& O 1st 48’48 reg.. B&O 4%s 60__ - &O 18t 6848 e B B&Oref 58’95 A, B Beth Stl 4% Bos & Me 4% Bos & Me b8 Boe & Me 68 .1_ Boston N Y AL s 65. Bot Con M 6148 "34 Bot Con M 6%s 34 ct. Bkiyn Cy RR 68 41 Bklyn Ed con 3% Bklyn Man T 4% Buftf R&P con ¢ Bush Term con 6s ‘65 Bush Term Bldg bs '60 Camag 78 '42 ctfs Canada Sou 58 Can‘dian N K 438 51. Can'dian N R 435 '66 Can'dlan N R 4%# 67 Can’dian N R ¢%s '65. Can'dian N db 6345’46 Can‘dlan P db 4s verp Can’'dlan Pac 4%s 46 Can’dian Pac 4%8s 60 Can-dian Pac 68’44 cfs Can’dian Pac 6» '54 Central Fdry cv 5s°41 Central Fdry cv 6s 41 Cent of Ga con 68 45... Centof Gabs'69C_ . Cent of Ga rf 6%s ’69. Cent Ga Chat 4851 ... ent il E& G 68 61 . Cent N England 4s *61 Cent of N J gen bs '87. Cent Pac 63 80 = Cent RR B Ga 6537_. Cert’d deb b4 s 48 Champ P& F 4% "50. Ches £ 0 3%s'96 D__ Ches & O3%s 96 E__ Ca Ocon bs C&OR&A2d4s'89. Zhi & Altrer 3849 Chi B & Q gen 48 ‘58 _ Cht B&Q4%s*77 Ch) B & Qref CB&Q Il dv 3% 49rg Chi B&Q J div Ch1& E {11 68" Chi & E I1] 58 '51 ctfs_ Ch) Grt West 48’69 __ | Chi Ind & Lou 48’47, % | Columbta G&T 6a 61 2134 2134 664 6614 106 105 104% 10435 106 106 1005 10085 102% 1025 101 101 108% 108%4 109% 1093 10134 10134 10234 102)§ 3 6% 76% 9935 9% 9 0 102 102 105 104% 106 10134 103%4 101 108% 108% 1013 102% 73 763¢ 9914 1% 102} 204 14% 223 114 11z 18 31 Chi Ind & Lou 5847 __ Chi | & L gen 58 66 Chi Ind & L ref 6 Chi Ind & L ge: Chi Ind & So 48 5! 8 CM&StP&P ad) Chi & NW gen 3%s '87 Chi & NW 4348 2037C Chi& NW 4%e'49 _. Ch! & NW rf §s 2037 _ C&NW Nr W 614536 Chi Rys 1st 5827 ___ Cht R 1&P rt 43 '34 Chi R 1&P rf 48 '34 ctf Ch! R I&P zen 45 ‘88 Chi R I&P gen 48’88 rg “hi K I&P 4148 52 Chi R I&P 414s 52 etf Chi R &P 4%#9 ‘60 Chi T H&S 1st 58 '60 .. Chi T H&S inc 65 °60__ Chi Un Sta 3%s'51._ Chi Un Sta 3%s'63 B Chi Union Sta 48 "44__ Chi & W 1 con 4s "52 Childs & Co 68 *43_ Chile Cop deb 5347 CinUnTer 3%s D gtd CCCAStLrf %4877 8 CCC&St L ref, 63’63 D CCC&St L Cadiv 4s Short L 4 Clov Un Ter5%s"73 A Colo Fuel & Ir 6s "’0 - Colo & So 4% s "8 ColumbiaG & E *53 May . Colum RyP &Lt 4565 % Consol Oi1 3%s ‘51 Consum P un 3%s *65. Cons Pwr 3348 '70 Crown Will Cuba R R 7%536" ctfs Cuba Northn 6%8'¢2.. Dayton P&L 338 °60... Duquesne Lt 3%s 56 B Cuba 8 7348 ‘37 ctfs El Paso Nat G 4% 8’51 53 B. Ry Fla EC Ry 58 74 ctfs. FondaJ &R 2s-4s 6 106 57 & Map ref 5 57. Cont 348 B3... oo T 9. 106 6% 155 | Il Cont ref 5’65 285 28y |11 Cont St L3 ”" Il Cont W L, [ 6344 « ” Int RT6s"33. _ 10074 10034 10024 | Int AgT ol 68 *43 stp. 9734 97 74| Int Coment 45 *4b .. 861 65} 66 | Int Grt Nr6s’56 B___. 10134 10134 10134 | Int Grt Nr 68’66 C—. 212 210 212 87} 8734 8734 | int Hydro B) 11034 109% 1095 | Int Mer Mari: 1064 108} 105% | int Pap 1st 11434 11434 11434 | (nt Pap ref 11034 11034 11034 | Int Ry of C 11234 112% 112% | {nt T&T ov ¢ 16236 171 | Int T&T ¢ %: 11034 1103 110% | Int T&T & 8} 176)4 77% | Iowa Cent 1s 78 16 1734 James F & C 9 10836 10534 | Jones&L St) 6% 8’614 9y 9 w/f 10934 1093 | Kan C So 1st 28 60 11136 11134 11134 | Kan C Sorf in 6360 117 1164 117 | KanC Term 1st ¢s'60 m 1u 1 (KanG&Bey 118% 118§ 1133 | Kelth 63°48 8134 3134 3134| Lacleds G 63 10814 10514 10514 | Laclede G 6% 98 98 | Laclede Gas 98 98% 106%4 106% 623 633 543 5614 82 84 1083 1029 105% 1058 803 803§ 115% 115% 925 921 92 1015 10735 12134 131 9934 10634 804 843 85 24 3814 3834 101 1053 104 918 T34 853 40 1183 118 1164 1153 Leh V Poon 452003 __ Leh V P con ¢%s 2003 Leh V RR con 68 2003 Lex & E Ry 58 '65 Long 1s] ref 4849 Long Island deb 55'37. Lorillara La & Ark 63 '6! E L & Nash 3%» 2008___ L&N1st 452003 L&Nunifes*40 L& N 4382003 C. L&NG6s2003B.__ L& N So Mon it ¢ MoKess&Kob b Marion St Sho Mead Co 68 "45 Minn&S L El 62 A MStP&SSM c: MStP&SSM 6348 "ll - Mo (11 68" MoK&T MoK&T MoK&T MoK & T adj 6n 67 __ Mo Pac 3d ext 48’38 Mo Pac Mo Pac 6878 G - Mo Pac 58 '78 G ctfs __ Mo Pacific 58 80 H Mo Pac bs ‘81 | Mo Pacific 63849 A~ Mob & Ohto 43517 __ | Mob & Ohto 6838 _ _ | Mob & O M div 68 Mohawk & M 48 91 Monong Pub S 4148’60 Mont Pwr ref 68 '43 Mor &Easex 348 2000 | Morris & Essex 4 %56 Mor & Essex 68 55 Nashv C&St L 4818 Nassau Elec 48 '61 gtd 10234 10214 10934 115% 613y 1168 1185 1183 10915 us 1183 109% 52 .. OrIPSts'82A_. OriP8S6s'ss B New Orl T&M 64 New Or T&M 68 "56 C_ New Or] T&M 6%s '54 : Cent con 4s '98 Cent rf 4%s 2018 Crfe%s2013n NYCL Sh 33:8'98 reg NYC Mich C3%s 98 NYC&St L 1st = NYC&St L 4 %78 NYCXSt L6%e"74 A NYChi&StLé | N Y Dock 1st 4s Dock 6s ‘38 dison 3% s 65 D sref33s'66. . - radny LI 3% 1084 108% 110 1103 1068 106% 107 107 9384 9334 10134 10134 1013 108% 1083 10845 9854 9834 98%4 103 10214 1024 106 106 11434 11434 11434 105 10474 10474 110 109% 110 A 111% 1113 1% 93 921 98 M4 T4 1% TIEEREED 558 z z NY Tel gen 4348 '8 NY W & B ¢% Niag Falls Pw 3% #’6 Niag L& O P68 "55. .. Niag Sh 6%8 "0 _ Norf So 1st ref 68 '61_ Norf S 1st rf5s'61 of: Norf & W 1st 43°'96 North Am Co North Am Ed 10634 105 - 105% 104% 10434 104% 10834 108%4 108% 631 6214 63% 1063 10685 1063 10734 107% 107} 10634 105 1053 10774 107% 107% 108 108 108 106 Nor'n Pac . 8% | Nor'n Pac 68 Nor'n Pac 6s 3 North S P 1at North Sts Pwr §s '64 Nor'n Sts Pw 68 ‘41 B. Ogden L C 48 *¢i 3 Ohio Baison 48 l"l% Ohio Pub Sve Ts Ohio Pub Sve 7 174 | Ont Pwr Niag Orll RRR.RN&‘I: 035 1035 109% Ottastest 6a 41 oK 1 1 | pacga Banus o1 :l!‘ 8234 83y PacG & B ¢s’64 - 109% 10935 1093 | Pac T&T rf 3% '8¢ B 44 421 423 | Pac T&T 1st 68 °87 1044 10434 1 Fg Paramount Plo 6s w6 ~ By | ParkeLx $%s 53 otta.- lll)‘ 11834 118% P 103 108 108 D 16% 163 16%| penp 0 & D m- G 164 164 16X penp P& L 4% 81 _ Penn RR3%s’41B... 46 O¢° 44| penn RR 3%8°710C__ 963§ 963 953 | penn RR con 48 °43___ 102 102 102 | penpn RR %884 . 10434 1043 10434 | pony RR con 434 *60. mu m’m %H Penn RR g 4% 66 k( 6 108 8 3 1 L7 118% 118% 118% S::..: H gx l:-u.. 69 69 69 101 100% 101 Pnlltvvlno Ry ury F1 10534 1063 105% PCCas! o ms:t:* Ml‘uufl——' 83 100k . 118% 1 1073 High. Low. Close. 10334 10834 10834 9034 90 90 10035 1003§ 100% 863 8% 8% 9034 903§ 90% 107 10654 1065 4' " 101% 102 163 164 84} 83 83y 6734 673 6714 103 1024 10234 9% 99k ¥ol{ 10235 1023% 102% 83% 83 83 2% 12 T2y 6y 144 1Y S k™ 101 1003 100% 106 10424 108 6034 6035 6034 57 Bblg 67 vy 92y 92l 983§ 97H% 9% 10934 10934 10934 10334 10334 108} 98% 9815 9874 6835 673 10534 105} - 1043 104 76 753 . 10634 105 10834 1083 2% 12 M4 7614 863, 85 12874 12874 135% 135% 10534 106k 10134 101% - 13434 1343 983, 981 98 9% 104 108% 10934 10934 - 108%% 10834 ur 100 99 10434 104% 8234 8714 874 6074 48ly 1073/ 1073 10534 105 978y 9784 o4l 9415 1013 1013 10815 9744 94y 1013 P 106% 106% 3% 3 © 10m4 1075 61 60% 633 63l % 12615 I N 85 85 10034 1001 100 998 99% el 8% 4 513 4634 503§ 50 62 104% 103% 104% 9814 9514 101 1144 104% 10014 [ €614 10543 1053 173§ 12634 HIBBS OBSERVE 120 BIRTHDAY Exchange and Many Friends Send Congratuiations to Veteran Financier. ‘William B. Hibbs, founder and senior partner in the firm bearing his name and dean of the Washington brokerage fraternity, celebrated his 72d birth- day anniversary today. He re- mained at his Virginia estate at Leesburg, but was remembered by many Washing- ton friends, who telephoned or tel- egraphed best wishes, “Billy” Hibbs was an outstand- ing figure in the financial district i:n lthe Capital for alf a century. W. B. Hb During that long period he knew personally many of the Nation's leading financiers, as well as high Government officials, including a long list of Presidents. His financial advice was widely sought and his friendship greatly prized. Born in Gordonsville, Va., he came to Washington when a young man and soon entered the brokerage busi- ness, eventually founding the New York Stock Exchange house of W. B. Hibbs & Co. The venture proved most successful. Later he made W. W. Spaid a partner, and upon practically retiring from active work a few years ago added Karl W. Corby and T. Thil- man Hendrick to the partnership. Mr. Hibbs was president of the years and one of the most active traders. The exchange today sent him a very large basket of flowers, many of the members adding personal con- gratulatory notes. \ Lead Is Boosled To $2 a Ton, or Peak Since 1930 BY the Associated Press. NEW YORK, December 11 —Lead- ing producers today advanced the price ton, to the highest levels since October, 1930. St. Joseph Lead Co. quoted the price, ; | New York basis, at 5.35 cents a pound, i against its previous figure of 5.25 cents, while the American Smeiting & Refin- ‘mg Co. boosted its quotation to 5.30 cents from 5.20. | Both concerns raised the price at cents. 2h. Low. Close. Reading Jer C 4861 104! teading R 44897 B 107 107 1074 Rem-1land 4% 8’66 ww 111}; 1113 11135 Republio Sti ¢34 2934 9985 Republio Sti 4348760 131% 130 130 Republic Su 6% 1093 109 108 Revere Cop 4%8’5 10514 1083 1063 Richfield Of1 - Richfield O ctfs R1A&L st 4%s°3¢._. Rutland RR ¢%s Saguenay Pw ¢%s 66 StlLaw & Ad 6596 St L 1M&S REG ¢ 13 StL-SFrand4s’S0 A . St L-S F 43 "50 A ctfs. Seabd A L 48’60 Seabd A L ref 4 Seabd A-Fla 68’35 B ct Sharon St cv 4% Shell Un deb 3% Stlesian Am 78 Socony Vac3 { 100% 6915 106% 1067, 1013 102 98 1074 107% 9535 96 Sou Pacific So Pac col ¢s So Pac ref 48 56 . 80 Pac ¢ 48’68 So Pac ¢%s°89 % | 80 Pac 43431 ______ 19% 12834 10534 10534 10634 10634 10535 10534 8214 813 8234 12 111 12 109% 1098, 1083 12 12 112 A. 108% 108% 108% 1084 10834 1083 104 104 104 29 29 29 107 1073 107% 1103 11035 11034 11234 1124 112} 1183 116% 116% 118% 1137 107 107 101 101% 101% 108l 10774 107% 11034 11034 11084 10634 105%% 10634 1004 10034 1004 65 5438 Udls 653§ 58%% 53% 1234 1% 1235 10034 100 1003 105% 106% 10686 10874 106} 106% 10834 108 108% 1183 118% 118% 1113 11134 1113 12434 12434 12436 145 1145 114% 063§ 10634 10635 122 122 122 11634 11634 11634 985 98 98} 15 16 15 10434 108% 104} So Pac Oreg ¢%48°77_. SoPacSF T 4850 1g- 1083 1083 8o Ry gen ¢s°'58 A_ 81 8134 10035 1008 103 035 10134 m;s 361 36) 106 106 1003 1003 16 116 1062 10634 1154 11634 10434 1043 100 10034 115 1% 1193 11934 108 10844 Staley A B 4546 Stand Oll NJ 3s°61 Studebaker cv 6s ‘45 Swift & Co3%s 50 .. Symgn G&G'568 xW... 11534 Tenn Cent 63 1043 Tenn El Pw 10034 Term As St L . 1113 11934 1081 1053 . 1063 10835 12934 « 109} 1063 10634 108 108 12934 120 1093 1093 034 om 1o 3874 102% .lflih mzx 106 108 106 10835 10536 1063 107 10625 105% Tex t Pac 1st 68 20 Tex & PacMPT Third Ave ref ¢ Third Av ad in ex 58’6t Tol StL& W 4850 UnElL&P68’5T UnEIL&P6%5"%5¢ Un U1l Cal 4847, 1153 115% 1163 110 1093 110 1084 103 108} 105% 106 66y . 66 3635 863 38y —— 1045 1044 1003 95 915 9m5 38 Ty 3T 87y 391 88% 388 1105 10935 1105 861 85 883 9% 98 96 8214 8234 8235 10955 10984 10984 1095 10934 10934 99 - 98l 8t ¢s 3061 West'n M tat 48 -u West'n Ma 638 77_._ 1065 1063 106% West'n Pao 6848 A 863 343 36 2333 e ;| Total Still Far Above Mark Washington Stock Exchange for many | | sary by the Reserve board for mainte- | nance of “easy money” conditions. {lished by an increase in reserve re- of lead .10 of a cent a pound, or §2 a| | East St. Louis .10 of a cent to 5.15/ 1087 10434 | | sponding week in 1935.” 995 | 3% | Ingustrias . Washington Exchange 11134 1113 An = 1013 10131018 3 . 65 645 6 A 1073 107% 10734 | Peooi 9 9 9 Further Decline Revealed in Gold Imports for Week BY the Associated Press. Another sharp decline in gold im- pom ‘was reported today by the Com- merce Department for the week ended December 4. For the week, gold imports were iisted ‘at $6,664,550, compared with $14,080,229 in the previous week. Of the total, $2,310,000 came fiom the United Kingdom. Gold exports were $29,469, com- pared with $19,294 iy, the previous week. Silver imports totaled $433,331, compared with $605,010 in the previ- ous week. Silver exports were $112,« 753 and $52,503 for the respective ‘weeks. EACESS RESERVES | OFF 50 MILLIONS Regarded as Necessary for Easy Money. BS the Associated Press. The Federal Reserve Board reported & $50,000,000 decline in member bank excess reserves during the week ended December 9. These reserves, which provide the foundation for credit expansion, stood at $2,160,000,000 for the week. They have been watched by admin- istration fiscal officials with increasing | interest, as concern has been felt in some quarters they may make pessible “unhealthy” boom conaitions. At $2,160,000,000 the reserves are ! vastly in excess of those deemed neces- The decline for the week was at- | tributable in part to a $31,000,000 in- crease in money in circulation, bring- ing this item to $6,497,000,000, or $656,000,000 over the same week last | year. H A return flow of funds to the banks is expected after the holiday season, pushing excess reserves upward and possibly necessitating action by the Reserve board to reduce them. Such a reduction could be accomp- quirements, making it necessary for the banks to “freeze” additional funds as reserves against deposits. The condition statement today re- corded another increuse in monetary | Bold stock, which rose $18,000,000 to a new all-time peak of $11,206,000,000. The statement sajd: “The daily average volume of Fed- | eral Reserve bank credit outstanding | during the week ended December 9, as repcrted by the Federal Reserve | banks, was $2,478,000,000, an increase of $13.000,000, compared with the | preceding week and a decrease of | $2,000,000, compared h the corre- Changes in the amount of Reserve bank credit outstanding and in re- | lated items during the week and the | year ended December 9, 1936, were reported as follows: (In millions of dollux\ Dec_ 9. Bills discounted.. Bll g bought vel U carifios Monetary %old stock 1 Treasury currency. Money in circulation Member bank reserve balances Treasury cash and de- posits with Pederal Reserve banks____ 2465 + 2 — 93 Non-member depoi and other Federal . Reserve account: L 3 7 +31 ~ 636 8731 —44 + 691 SALES—AFTER CALL. Capital Transit Co.—10 at 14, 10 at 14. | Capital Traction 5s—$1,000 at 93,] $1,000 at 93. | National Bank of Washington—24 at | 126. Real Estate Mtge. & Guar. pfd.—200 | at 6%. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid. Asked. American Tel_& Tel. 4%s. & Pot. 5 Wash. Rwy. & Elec Shevy Chass Club 54 Col. Country Cl 5 W. M. Cold lwnn B3 STOCKS. PUBLIC UTILITY. Tel. & Teloo(fi)..... .\ll‘: Amer. 1053 106% | K & W . (3.60. h Som 6 7ah Wash B pd. (8) - 110% BANKS AND TRUST COMPANIES. 7. Sec_ & Tr. Co. (of)-- 270 'I‘ s-uum lh7§}-: lgl Corcoran remen’ I'ltlonll Vu!on ( 807" TITLE INSURANCE. S e i Carpel cos Mergenthaler unumfi g Lot 5 o e ..mze.'msr.-.“ o §'3§¢?§:‘§-'MI 30, 1936. U. §. TREASURY NOTES. (Reported to Chas. D. Barney & Co.) me‘l'. 23 icisrntd m-nmggm " E - : oo, 23332 e o & 3 i s & e 5~ | up all arrears on this issue, DIVIDEND VOTED BY EQUITY CORP. Initial Payment of 25 Cents a Share Is Ordered on Common Stock. BY the Assoclated Press. NEW YORK, December 11.—Di- rectors of the Equity Corp., an invest- company, announced an initial dividend of 25 cents a share on the common stock, payable December 23 to holders of record December 15. David Milton, president, said the di- rectors’ action should not be taken as establishing a regular rate of dividend payments. The company was formed in 1933. State Street Investment. Distribution of $9,448,000 to stock- holders of State Street Investment Corp. of Boston was ordered by the directors through declaration of a spe- cial dividend of $20 a share on the common stock and the regular quar- terly dividend of 75 cents. The special payment will be made December 19 to holders of record December 15, and the regular dividend will be paid Jan- uary 15 to stock of record December 15. The corporation also announced it would offer to stockholders about 50,000 treasury and unissued shares, remaining from the authorized issue of 500,000, in the proportion of one for each nine held, to be sold at the liquidation value of the company's shares at the time of the receipt of subscriptions. National Refining Co. National Refining Co. announced & | dividend of $8 a share on account of accumulations on the preferred stock, payable December 21 to holders of rec- | ord December 14. The last previous| payment on the preferred was on Oc- | tober 1, 1934, Columbia Broadcasting. Columbia Broadcasting System, Inc., announced a special dividend of $1.30 a share on the class “A” and “B" stocks and the regular quarterly divi- | dend cf 50 cents on the same shares. Payment will be made December 21 to stock of record December 15. Technicolor, Inec. An fnitial dividend of 50 cents a share on the common stock was de- | clared by directors of Technicolor, | Inc., holding company for Technicolor Motion Pictures Corp. Payment will be made December 26 to holders of | record December 18. Singer Manufacturing, The Singer Manufacturing Co., | maker and distributor of sewing ma- chines for a world-wide market, added $3,600,000 to the Christmas dividend | harvest, attributable in part to pres- | sure of the Federal surtax on undis- tributed profits. Directors declared an extra of $2.50 | a share and the regular quarterly dividend of $1.50 a share on capital stock, both payable December 24 to holders of record December 10. American Hard Rubber. American Hard Rubber Co., with a | plant at Akron, Ohio, announced a $1 dividend on common, payable De- | cember 24 to holders of record De- cember 11. ‘ Ideal Cement Co. ! Ideal Cement Co., with plants in | the West and Middle West, voted an | extra dividend of $3.50. The payable date was not given. Knott Corp- The Knott Corp, operator of s chain of 33 hotels, declared a special | dividend of 20 cents a share, payable 6 | December 22 to holders of record De- cember 16. Standard of Kansas. Directors of Standard Oil Co. of | Kansas declared a dividend of $1 on | the capital stock, payable December 26 to holders of record December 22. | The previous payment was 50 cents on October 31, 1934. BUTTER — Range of prices to stores | sathered from wholesale dealers (prices to | nearby shippers based on Philadeiphia and New York pric One-pound prints. car- | ton' (42 score) 1-pound prints, carton -pound prints,” carton | 4-pound prints, carton tub (92 score). 36; tub 0 e Mlu;%"—i’nolcc beef, 17: calves. 18: ham. 23: ‘smoked ham Slab, o7 5af Prices pald shippers fob. Washin ton. By ‘the United 'States Bureau of cultural Economics EGGS—Market . steady Gursent receipts. o ; 7 8t unchanged rge. OULTRY—Inrkzt lbout steady on lu!ktv! chickens easy and prices fri tionally ll:w;‘r. Fowl:" Colored.” Halg: Ehickens Virginia Rocks, fryers, 16al17; ware Crosses. mixed colors, 12814, Guineas. Joung.. 4 pounds . 40 each: under 2 pounds. ola g 25830" each oung hens. oung _toms. 25 14; old htnl 15a16: old METAL KAB.KET NEW YORK Decem‘xr ll er\ —Oongtr s ;Y";, Foture. 5.1, on. aluminum. uulclulver. inim and wolframite unchanged. —_— ‘Tubize Chatillon Corp—Declared a dividend of $5.25 a share ori 7 per cent cumulative preferred stock, pay- able February 1; this dividend cleared Im:u’fmel‘l'h 1/ 0, irst 572% Reat Esate Notes Secured by new dwellings in N.W. section of Washis Bradley, Ine. Established Nuq 40 rur‘“ NA. 0271 First Mortaace Loans rict of Columbig— Nearby Maryland — and Business /nmmlo— Properties Terms from 3t0 15 Years Also Monthly Payment Loons Pomes Apartments Upturn in Steel Prices Broadens, Activity Mounts' BY the Assoctated Press. CLEVELAND, Ohio, December 11.—= Daily Metal Trade today says: Joining the list of products re« cently advanced in price, spiegeleisen today was marked up $2 a ton to $26 on carlots. At the same time silico- manganese was advanced $4 a ton on all grades. The price of light rails has been increased $3 to $38, effective January 1. Electric - welded mesh has been stepped up $4 to $62 per ton effective immediately. Consumers are specifying actively on fourth quarter contracts and it begins to look now as though pro- ducers will have difficulty completing shipments of all fourth quarter ton- nage by the end of January. Active operations at or above the present high level sre assured into February. This is reflected in a strnger tone in the scrap market, ° where several price advances have been recorded the past several days. —_—— PLAN IS ABANDONED BY U. S. LEATHER CO. BY the Assoctated Press. NEW YORK, December 11—Henry McAdoo, president of United States Leather Co., announced the company's proposed recapitalization plan had been abandoned. A special meeting of shareholders called to act on the pro- posals was adjourned sine die when the plan failed to obtain a two-thirds - approval. Money for Col:irn:fiol Loans any Loans on Improved Properties 2% FIRST DEED OF TRUST ONLY GEORGE I. BORGER 643 Indiana Ave. N.W, Nat'l 0350 3% % Conservatively placed first mort- gage notes in denominations of $250 up. The type of investment that means a definite return on your funds. Chas. D. Sager 924 14th St. NW. NAtional 0038 || 7774 \ 7 A e funds for Small Property. Hq ¢ o 4 o \ Y2 \ LOANS FOR BUILDING We have ample funds to loan for the con- struction, purchase and refinancing of homes. John L. Weaver, Pr Edward K. Jones, Sec Washington Bldg. For Purchasing a Home or RE-FINANCING EXPIRING TRUSTS NO COMMISSION CHARGE NO RENEWALS REQUIRED Terms Arranged on Easy Monthly Payments ml\fl_i HOME LOANS to build or refinance e D as low as PAYMENTS 7 50 -buu per $1,000 NSUPED Ny I COLUMBIA BUILDING ASSOCIATION 716 11th St. N.W.