Evening Star Newspaper, December 24, 1936, Page 15

*INDUSTRIALS RISE IN CURB TRADING FINANCIAL Stock and Dividend Rate. Aero Supply (B) .. Ainsworth (al) __. Air nvestors Inc_ 1 ll.l.-— Add 00. mlh. Ifl' M 2 m)‘ nu 30)( «Several Reach New Highs. Aluminum Co. Climbs Five Points. B5 the Associated Press. NEW YORK, December 24.—Sev- eral industrial shares soared to new recovery highs in the Curb market today. Aluminum Co. of America jumped 5 points, while Newmont, Pittsburgh Plate Glass, Youngstown Steel Door and General Tire & Rubber rose 1 to around 2. The general list was uneven, frac- tional losses in American Cyanamid “B,” Wayne Pump and American Light & Traction contrasting with moderate gains in American Gas & Electric, Electric Bond & Share and Creole Petroleum. Sherwin-Williams dropped about 2. CURB BONDS DOMESTIC BONDS. Ala Power 4135 ' i3 Appalach 5 Appalach Pw 58 ' Ala Grt Sou (13).. 50s Ala Pwr pf (6) .. 60s Alles Fisher .__ 15 Alum'n Ce of Am 2200¢1 Alum’'n Ltd - Am Afrlines. Inc.. Am Beverage Am Cit PEL (A) 3 260. AmCP&L ww2¥. 3 Am CitP&L Ba20c 3 Am Cynam B t60c IB Am & For Pw ww Am Fork & H (11) 6 Am G&E (1.40)... 36 Am G&E pt (6) _. 268 Am Gen C'p (a60c) 15 Am Gen Cpf (2) 2608 Am Hard Rub(al) 100s Am Lau Mch t60c. Am Lt&Tr (1.20). Am Maracaibo . - Am Meter (a23)_ Am Seal Kap Am Superpo Anchor Post I _. Apex Electric(al) Appalach EPpf 7 Arcturus Radio T. Ark Nat G Ark Nat G cu pf Ark Nat Gas (A)_. Art Metal W +50c_ | Ashland Oil & Ref Asso Gas & Elec._ AssOG&E (A)... AssoG&ES5nf.. 9 Assoc Invest (12) 50s Atlas Corp (a80c) 84 Atlas Corp war .. 26 Atlas Plywd af0c. 3 Austin Silver 184 Auto Vot M(150¢) 3 Ax-Fisher(3.20)A 1708 Babc'k& Wil a2.80_125s Baldw L bd rts(d) 40 Barium StainStl.. 2 Bellanca Afreraft. Berkey&Gay F Co Berk&GF pur war Bickfords Inc 1.20 BlissCo (EW) __ Blue Ridge C a10¢ Blue Ridge cv nt 3 Borne-Scry a1l .. 860- Botany Cons (fl - Bourjols (a75¢)-_. l Bower R B (a2%). 18 Bowmn-Bilt 2d pf. 1 Brazil TL&P 40c_. & Bridgep't Mchal. & Brill Corp (4) 3 " 29 bt} 15 | Brill Corp pf-_... 150s Georgia Pw 55 # Glen Alden Ci Intl Securitie Interst Pw 5s Interst Pw 68 Interst PS_5s Interst P S 4'2s Kentucky Ut Kentucky 2 | Cent States Elec_. 4 | Carnation Co (1) + | Catlin Corp (a40c) Brown Copf.. Brown F & W al5c Brown F&W (A)2 2 Brown Forman . 1 Bunker H&S (12) 325s Burry BiscuitC'p. 1 Cable El Prod vte. 6 Cable & Wire(B).. 384 Can Car&Fdry pf_100s Can Hydr E 1st pf 150. | Can Marcont Capital City P 60c 1 Carib Syndicate _ 142 6 30 5 3 Celanese 1st p£(7) 100s 1 Celluloid Corp 3 Cen Hud GEE 80c. 1 Cent Ohjo Stlal.l( & Cent &S W Util__ 242 Cent St El 6% pf. 4008 Cent St E17% pf_. 68 Centrif Pipe t40c. 1 Cherry-Burr'l 213 608 | Chesebrough (t4) 1508 Chi Flex Shaft t2.400e Childs Copf _ Cities Service Cities Service pf_. 4008 1 Carrier Corp- Casco Products * | CitiesSvepf B __. Pitts Steel ~ Potomac E 2 10832 1003 Va Pub Ser s erd B:k!{_\u FOR Val 7s Bank G T muca, ent Pied E] fl’:s IW A Rio de Jap 6125 * Russian 528 '"X cod___ ussian 6155 erni-Soc Blas INVESTING COMPANIES NEW YORK. December 24 (P.—New York Security Dealers’ Association. (Noon quotations.) Admin Pd 2d Inc Am Business lshrs orporate 'mm AN ‘orp Tr B Tr Accum Sor orp Tr ‘Acc mod _ _ mulative_Tr Sh Z nos Bk Sh N Y “A' xed Trust Sh xed Tr B Found Tr Sh A Jund Tavestors Ino - Fn Sen, Imenon By 8ec Asriculture ¢ Automobile Bullding ec Chemical Sec Food Sec Invest Shrs 8ec Merchandise Sec Mining Sec Pelroleum R Equip Sleel acco = Holding neorp Tnvestors nsurance Group Shr: C Inc new. eyston Cust Hmd B-3 3B R AN S D= RN DN AENE SRR PR Er PR SRt B B DR SN P B DA 0131 3 e {1 1 313V D Sre. OuABBIMSE MIEINDTAD 02 333 MONTREAL. December 24 (P).—8ilve hm-l:'lzao;m Close steady. 10 B - | Gen Alloys - | Gen Tire & Rub ” | Grand Natl Films. Cities Sve pf(BB). 80s Cit Svec P&L $6 pf 608 Cit Svc P&L $7 pf 100s City Auto S(t60c) 6 Claude Neon Lts.. 2 ClevEIl lum(t2). 4 Clev Tractor .. .. 7 Colon Dev 6% pf.. 2 Colo Fuel&Ir war. 11 Coluin G&E pf(3) 826s Columb O& G a20c 33 Com'with & S war 49 . Community PS t1.100s Community WS _ ComSM ste vte t1- Cons Alreraft .. Consol Copper Cons Gas(B0)3.60 Consol Retall Strs Cons Royal (20c) Cook P & Var t60c Cooper Bessemer_ Coop-B pf A a50c_ Copper Range Cord Corp Corroon & Reyn Cosden Oil Me (d) Cosden(Me)pf(d) Creole Pet (a50c) | Crocker-Wh al0c. Croft Brewing Crown Cent P a6c Crown Drug (40c) Cusi Mex Mining_ Darby Petr (50¢) .. Dayton Rubber Dayton Rub(A)$1 100: Derby Oil & Ref _ Det Gray Ir t20c _ Det Stl Prod al3; - Distilled Liquors.. Dohler Die C (al1). Domin S&C (B) .. Dow Chem (2.40 Dubelier Condens. Duke Power (3) Durham Hos (B Duval Tex S a50c_ Eagle Pitch d a60c East'n G&F Asso. East'n G&F pf(6) 226¢ JEast GEF ppf 4% 60« East'n States Pwr 6 Easy WM B t50c. 6 Eisler Elec (abo) 5 Elec Bond & Share 175 Elec B& S pf (5)_ Elec B& S of (6) El Pwr Assoc a25e El Pwr As(A)a25c Elec P&L opt war Elec Shareholding Emp G&F 6% pf 1008 Emp G&F 6% % pf100s Emp G&F 7% pf_.800¢ Emp G&F 8% p*__300s Emsco Derrick t1 3 Equity Corp(a2ie) 7 Europ'n €l bdrts. 24 Evans Wall Lead. & Evanc Wall L pf _ 50s Ex-C-O A&T t60c. 32 Fairchild Av new. ff Br (a13) Fansteel Metal __ Ferro Enam(a3).. Fidelio Brewerv _ First NS 1stpf 7_ Fisk Rubber FlaP&Lpf . __. Ford Ltd a181-100 Ford ¢Can) A (1). Fox (P) Brew 80c. Franklin Ray aé0c 4 1 10 148 7 Sam AR TN e ® Gen El Ltd ul*a Gen [nvest Corp - Gen Inv Corp pf_. Gen Pub Sv pf $15. Gen Tele C'p a1.35 g s.g-a..........E.r....,. BUs 1 17 5 3 1 16 Gray Tel P8 (1) 3 Grt AGPTnv 6 60e 1 Gen T&R pf A (6) Glen Alden C (11) Goldfleld Consol Gorham (A) Gorham vtc ex(1). ’ll 7234 43 45 Alum Am pf $11% 200s 115 3 90 90 2'"4 (05( " 6% 863§ 3 :1 1% 053 10% 18% " % 6 'Il 10 2 24 o ¥ 139 144 s 116 20 21 3 40% 105 Kingston Prod 40c 2 i« mm 10736 107% 14 6% 13 6% 3% | Mass Util Associa 4 130 2% o 1303 2% THE EVENING STAR, WASHINGTO! Stock and Dt Sales— jvidend Rate. Add 00. Insur Co NA(2%). 50s Intl Cigar M 12 intl Hy R1Sevpt. Int] Petr (4134)__ fat] Products . Intl Safety Raz B. Int] Otl (B) Intl Util war new_ Int] Vitamin(50c) 1 Interst P(Del)pf. 10s iron Firemen(t1).150s Irving AirCh (1). 1 Ttal Superpwr(A). 1 Jacobs(FL)Co(1) JerCen P&Lpf 5% JersCen P&L pf 6 Jonas & Naum. Kans City P 8 vtc. Ken RT&L A a76e Kingsbury Brew . 4 7 1 3 4 g 268 200 3 12 5 8 [ Kirby Petr (20¢). 13 Koppers pf (6) .. 100s LakeSh M (t4) _. 3 Lakey Fy & Mach. Lefcourt Realty .. Leh Coal&N aélc- Leonard O11 Lion Ofl Ref (l)_.. Locke St1 Ch 80c_. Lockheed Afrcraft Lone Star G aé0e.-. Long [sland Lt Long Isl Lt pf B Loudon Pk'n t50c. La Land (40c) ... McWilliams D (43 Marfon Steam Sh Masonite Corp(t1) Massey Harris _. Mem Nat G(a50c). Mercantile Stores. Merritt Chap & S Merritt C&Spf A Mesabi Iron Metal Texile (400) Mex-Ohio Of1 Mich Bumper C... N NANANA~E AN®S N0 Mid Sta Pet (A) Mid Sta Pet (B) Mid-WAbras 110c Mock Jud Voe 60c Mohawk H 2d pf 500s Molybdenum Corp 12 Monroe L S(A)32¢ 5 Mont Ward A (7). 80s s | Moore Dist (+50¢) low xonu 1034 u% 18% 19% 19% 3% 3 13 1% 20 “ 5% 2 2% 10834 1083 % Sent Sa Control .. 5% | Severaky Atrcraft 14 | Nipissing (a50c) . Y| Prosperity Baly 1 Mount Prod (60c). Mueller Brass t1.. Nat Auto Fib t1% Nat Bella Hess Nat Contain a50c_ Nat Fuel Gas (1). NatGyps A a2%_. Nat Investors Nat Leather SR 34 | Nat P & Lt pf (6) 100s 13 Nat Rub Mch a20e Nat Service Nat Service pf. Nat Sugar N J (2) Nat Transit (75¢). Nat Union Radio_. 4 4 7 1 5 1 8 5 2 N J Zinc (12) 008 New M&A Ldale. 9 Newmont Ma3%. 3 N Y & Hound (11) 300s N Y Telof (6%) 508 Niag Hud Pw ad0c 72 Niag H P(A) war. 3 Niag 8 Md Ba6lc. l‘ Noma Elec (a40¢). 9 North AmL&P_. 26 North AmL&P pf. 200s North Am Ut Sec_. 1 North'n Europ Oil 11 No In PS6%pfi4% zn. North Pipe L a75c North States P A_ Novadel Ag (2)__. 1 Ohio Ofl cu pf (6). 1 Ohio Pwr pf (6) ... 208 Oil Stks Ltd t40c.. 1 Okla Nat GasCo-. 24 Okla Nat Gas pf.. 700s Oldetyme Distil.. 2 PacG&E 1st (1%) 5 PacG&Epf1.37% 1 Pacific Ltg pf (6)_ 25s Pac Public Service § Pac Tin spec (12) 100s Pantepec Of1 294 Pender Gr(B)as0c 1 Peninsular Tel 1. 50s Penn-Mex Fas0c. 1 Pennroad (a25¢).. 16 Penn P&L (7)___ 408 Penna Salt (14)-_ 100s Pepperell Mfg(t6) os. Phillips Pkg a50c. Phoenix Secur Pion’r GM Ltd 80e Pitney Bow(t40c) 2 Pittsbgh Forging. 51 Pitts& LE 12%_. 80s Pitts P1 G (a6).-. s Potrero Sugar . . Pwr co(Cnmnzs- 125- Pratt& Lamal% 2 Premier Gold t12c 4 Producers Royal 92 : 21 | Prov Gas (80c) 1008 PubSve Indpf. . 50¢ ©ug 8d P&L pf(5) 50s Pug Sd P&L $6 pf. 75s Ry & Lt Sec al.55_ 26s Rainbow Lum (B) 1 Raymond Con a50¢300s Raytheon Mfg vte. 1 Red Bank 2 Reed R B new 180¢ | Beiter-Foster | Reynolds Invest__ Rice Stix DG b50c. Richm’d Radiator. Root Petrolm(1) .. Root Pev pf 1.20.. Rossia Intl Corp__. Rustless Ir&Stl_.. Ryan Consolid'd.. St Regis Paper__. 24 St Regis Paper pf. m- Savoy 0il Schift (The)Co(13) 10 Schulte R E(d)... 18 Secur Corp Gen. 3 Segal Lock&H .. 1 Seiberling Rubber 7 Selected Indus 21 Sel Ind all cfs 5% 1508 1 4 4 Shattuck Den Min 10 Sherwin-Will (4) 6508 Seton Leath a50c._. 64 | Sher-Will pf(5)n. 70¢ [ Shrev-El Dor P&L Smith Cor v ext t1 Sonotone C (a10¢) % | 8o Penn Ofl(t134) 8534 | Sullivan Machine. 6% 26% 3% 3} | Tech Hughes 1400 183 1 149 Grt Nor Pap (t1). 100s l: ‘Groc Store Prod._ Gulf Oil Pa new.__. Harvard Brcwcry Helena Rumn‘n Mollinger G t66c Hudson BM&S (1) 28 Humble Ol (t1) Huyl 0f atpd (4! Hygrade Food Imp Ol Ltd t50¢ [mp Tob Grt Brit & Ireal.18 1-10 Indiana PL (t40c) Indus Fis vte.... nw- =¥§¢-= ‘Iilfli “l( SoCalEdpf C1% Sou Royalty t40c.. Spanish&Gen rcts. Spen Chain St 60c. Stand Brewing 8td Ofl Ky (11.40). Stand Oil Ohio t1. Sta Stand S11&Ld (4¢) Starrett Corp vtc. Sterchi Brosa3lec 2 Sterchi Bros 1st 3.250s Sterling Bra7bc.. 2 Sterling Inc(abe) L Stetson (J B) 1508 Stroock & Co(2% )m. Stuts Motor i Sunray Ofl (a10c) 60 Sunshine Min (3) 382 Swiss-Am Elec pf 300s TaggartCorp .. ‘Tastyeast(Del)A_ Taylor Dist (30c). ‘Technicolor as0e.. Texon Ofl & L 60c. ‘Tilo Roof (t60¢c) .. Tob Prod Bxp 15e. Tr-Lux DPS $20c. ‘Tri-Contl C war... ‘Tubize Chatillion. Tubise Chatl (A)- Ulen &Co 5% pf-. Ulen &Co 1% % pf Umit Lt & Pw (A). Unit Lt & Pw (B). n'=lnl=—-— ERBubrranealial NEW YORK CURB MARKET mmmmnmnn High. Low. Cloee. % Pub S Colo pf (6)- 10s 104 325558 2 Epspleosloniifataliizgts - 2 §Ei£izza§-s§s“§'§£=s§ Exfz-feis bz g-sFnacter % 'uu 44 M“ CLEARINGS REACH PEAK SINCE 193] * Total for 22 Leading Cities Climbs 69.1 Per Cent Above Year Ago. By the Associated Press. NEW YORK, December 24.—The volume of bank clearings during the latest period touched the highest point since October 8, 1931. The total for 22 leading cities in the United States, as reported to Dun & Bradstreet, for the week ended Wednesday, December 23, was $7,762,~ 668,000, against $4,589,150,000 last year, a gain of 69.1 per cent. ' ‘This contrasted with an increase of 15.6 per cent in the week preceding. Important factors in this large turnover were the disbursement of dividend payments, bonuses, and also 8% | the heaviest holiday buying in years. A fair comparison cannot be made with the 1935 total because of the one 32% | less day at that time, due to the Christ- mas holiday which fell earlier. New York City clearings totaled $5,- 150,284,000, or 75.8 per cent in excess of the $2,929,677,000 in the correspond- ing five days of 1935. This figure two days | Vs the highest since October 8, 1931, 3 14% 5% 14 3% 135 1 1124 114% 9% 9% 34 3% 152 64 8% 6 3% 3y 274 1234 17% L]} 4% 8 118} 119% 28 29 1143 114% 175 174 10934 10935 1z 112 12 124 31 5% 30% when the amount stood at $6,068,- 043,000. Outside centers aggregated $2,612,- 384,000, which was a rise of 57.4 per cent over the $1,659,473,000 for 1935. All cities in the report topped last vear’s figures by a substantial margin. Of course, it must be taken into con- sideration that a year ago there were only five business days. Clearings increased $531,818,000 over the total in the week preceding. Be- tween the two comparative weeks in 1935 there was a loss of $1,668,899,000, Pigures at leading cities, together with percentage increases compared with those of 1935 follow; also, daily average bank clearings for October, November and December to date: (In thousands of dollars.) Per cent Pittsburgh Cleveland _ Cincinnaty Baltimore _ lehmond . Louis. Loulsville Minneapo Kansas City. Omaha ___ Dallas n_Prancisco tl Be: land, Oresg. b A $2.612,384 284 Average ¢-uy December to daie. s 1,173,177 November = 1,116,001 October . $94.308 —_— GRAIN AND SOY BEAN RECEIPTS INCREASE BY the Associated Press. CHICAGO, December 24—Grain and soy bean receipts in Chicago this year increased more than 46,000,000 bushels over the 1935 volume, accord- 4 | Ing to a preliminary estimate by Lyman C. West, Board of Trade statistician. Last year, because of preceding years of drought conditions, grain and bean receipts here dropped below the 100,- 000,000-bushel mark for the first time in 40 years. This year, with only the final cal- endar week estimated, approximately 138,812,000 bushels have been re- ceived and marketed here. Increases were apparent in all grains. |DOLLAR MOVES HIGHER IN LONDON . DEALINGS | & Bs the Associated Press. LONDON, December 24.—Quietness prevailed in the foreign exchange 14 | market today. The United States dollar advanced %5 of a cent and closed at 4.91% to the pound, which compared with the overnight New York rate of 491%. The French franc finished unchanged | 3: again at 105.15 francs to the pound. | This market will be closed Friday and Saturday. PARIS, December 24 (#)—Three per cent rentes, 73 francs 85 centimes; 4!, per cent rentes, 78.25. Exchange on London, 105.15. The dollar was quoted at 2141%. This market will be closed Friday and Saturday. WHOLESALE COMMODITY PRICES RISE FURTHER By the Associated Press. The Labor Department reported to- day that wholesale commodity prices increased last week for the eighth consecutive week. The price level was 83.7 per cent 3| of its 1926 average, compared with 834 per cent the previous week and 80.4 per cent the corresponding week 7| last year. Sapfeeifon.-f H §§§§£§§‘£§‘£“§i'§§§iis &z SER B:8safpestar s The farm products index advanced from 87.3 per cent to 87.7, while foods increased from 84.8 to 85.1. to double its output of airplanes early in 1937. 8 Finishing - Finishing pf_. Foil (B) (1) 'll( & Bond (B)-. ‘alker Mining . _. lelu?m (500 ‘Well't'n Oil of Del. Wentw'th Mf 1.20. W Va Coal & Coke ‘Westn AirEx albe. West Au Sup A 14 ‘Will O11-0-M ab0e Wil-low Cafe pf. . Willson Prod (t1) Wolverine T t40c. Wrixht Harg t40e Ygsta Rt Door 11 N TR - ‘-'--‘-¥ THURSDAY, DECEMBER 24, 1936 FINANCIAL Ten Year Record of the Automobile Manufacturing Industry Value of Products — ,,! R £ RS R AR s R Auto Production Shows Big Drop In Holiday Week By the Associated Press. DETROIT, December 24.—Cram's Reports, Inc., said today that “auto- mobile production in the United States and Canada, handicapped by the strike situation and the holiday season, showed a sharp decline from last week, total output amounting to 176,989 units, compared with the pre- vious week's 121,038.” This compares with 81,335 units for the corresponding week of 1935. All of the major producers operated on a three and one-half day basis this week. CHICAGO VENETIAN BLIND VOTES COMMON DIVIDEND By the Associated Press. CHICAGO, December 24.—Directors of the Chicago Venetian Blind Co. placed the common stock on an annual dividend basis of 60 cents a share and declared a dividend of 5 cents a share for December, payable December 29 to stockholders of record December 28. e DIVIDENDS ANNOUNCED NEW YORK. December declared (prepared by the tstics Special. - Btk.of Pay- Rate. riod. record. able. 25¢ .. 12-22 1-2 Eiy & Walker Dry & "«1 1-15 l’.)ll“l“ll Gas Utilittes 12-26 24—Dividends Standard Sta- Springfleld Pire & Marine lnlur_. Bird )‘Il;hm! Co. sz e_Bre i 1-4 Increased. Horn & Hardart (NY)_30c Q@ Pittsfleld Coal Gas_--__$. 2-1 1222 Pairchild Aviation_ Accus Dayton Rub Mf $2 cv A_S1 .. Resum Naumkeag St Cotton Rer Am Prod 5¢ pr_pf Birming'm El $7 of 3 Y & Rlchmond ‘Gas 69 - hrmmzla "Pire & Marine Insur 1.1 Wisconsin Tel 77, pf $1.75 Brew Cor of Can of 37c y & Walker Dry Goods 7% £3.50 Ely & w;n:er Dry Goods, Inferiyoe Corp 15t nt 9 Un(?n Smck!lrfls 2" na @ 000 © O O OOOO -4 3-15 __$1.50 @ 12-21 12-31 U. S. TREASURY NOTES. (Reported by Chas. D. Barney & Co.) S0 -2 B i b 83222 PANS = RAILWA! INCOME. nms l!omf&"m%‘w’-ntm 3 and " 1936, 1935. $1.210,692 81,179, 844 583 '340.4 938 Decemper 24 (F)_—Crude (ut res opened stron 7 Deem“ bnuu lInrgx. 21. &gn : May. 21.24a21. ” NEW Y rubbtr higher. 1.4 THE WEATHER District of Columbia—Fair slightly warmer, lowest temperature about 34 degrees tonight; tomorrow cloudy and warmer, followed by colder at night; moderate winds, mostly southwest. Maryland—Fair and somewhat warmer tonight; tomorrow cloudy and slightly warmer, followed by colder at night. Virginia—Fair tonight, followed by partly cloudy tomorrow; slowly rising temperature, West Virginia—Fair and somewhat warmer tonight; tomorrow cloudy and warmer in central and south portions. River Report. Potomac River very cloudy and Shenandoah little muddy today. Report for Last 21 rs. Temperature. Barometer. Yesterday— Degrees. Inches. D. (From noon yesterday to noon today.) Highest. 40. at noon today. ear ago. 3 west. 26. at 7 am. todsy. Year Record Temperatures This Year. Hfllh!.::.‘ lo‘i on July l(l,3 I-I‘Ill lol Lnl 24 Hours. (Prom noou yesterday to noon today.) Hllhell 86 per cent, at 7 a.m. today. Lowest. 37 a o, yesterday. Tide (Purnished by United snun Coast and Geodetis Burvey.! Sun. today Sun. tomorros Moon. today Automobile 1i hu mun be turned o0 one-half hour sunse! rrnmunn. Monthly precipitation in lnflul in the Capital (current month to dal 1935‘ ‘5'5.‘ } .,,., 0ESRSSSCme, Soeanans geveboverene Weather in Various Clllfl. Temb. Stations Baro.H'h e Fall: Wéluth' C\ncmnnl oni Cleveland. 8. S oub iR SRRRSTTE POREIGN STATIONS. (7 a.m., Greenwich 3 SR soat Young Washington A note in ctau Steelmaking Rate Hits 80 Per Cent Mark at Midweek By the Asscciated Press. CLEVELAND, Ohio, December 24. —Daily Metal Trade today says: Steelmaking operations at midweek are estimated at 80 per cent of ca- pacity, unchanged from a week ago. However, due to observance of the Christmas holiday on a fairly exten- sive scale, the average rate for the industry this week will be down sev- eral points. Producers are making every effort to complete fourth-quarter tonnage shipments as quickly as possible and it is likely that production next week wlunu'o:newpgk!ortheym Heavy backlogs in virtually all pro- ducts assure high operations through- out January. Indicative of the strength in the iron and steel mar- kets is the fact that some producers of pig iron are advancing prices on all grades another 50 cents per ton, effective January 1. This is in ad- dition to the dollar a ton increase | put into effect several weeks ago. CHICAGO PRODUCE. CHICAGO. December =4 () —Poultry. 30 trucks; unsettled: hens, FiA 7 pounds up. Dressed turkeys. Piteady. hens. youn :;. ol toms. ~youns 18%3; No. 2 turks 16%. nh ter. 7.081; . 4347 stea : Wisconsin Roun Ko 100:‘.‘0"». Michi- urals. U 8° No 1. 105 : Idaho lhuuu. I CHICAGO LIVE STOCK. st-";g- Department o:uu l'ul ire) Hoge ricy —Hogs. 7.000." including 9.000 direct: inevenly Py, to, 25 hisher Cinan Wedbesdas’ "S“fif i m. Sgpmer 5 Hpbingibl her\ %0od and chols ce wer-grade hi‘he! other killing '] hzr in sympathy wit Nery uue sl K in bulls make a vealers 25 or nere hmm: 13.00 mediumwelght | steers: prime . yearlings Shsent” several loads weighty Steers 12 0a 12.75:" offerings at latter price scaling 1417 and 1442 pounds: middle-grade Alfix. 9.00a11.00: lower grades. 6.50a short-fed but cheice kinds guot- 2. weighty sausage bulls. lect vealers. 11.00: mostly 9.00a tweight croj irect: fat lambs ‘ dndications fully 5 and 9.35 steers nron' to lasse: fairly steady: umle on ward o 950, i | | i i ASSOCIATED GAS INCOME MOUNTS Utility System Disclosa~ Gain of 8 Per Cent Ove Previous Year. Special Dispatch to The Star. NEW YORK, December 24.— ating income of Associated Gas & Electric Co. for the year ended No- vember 30 increased 82,650,265 to $35,835,067, which is an improvement of 8 per cent over the previous year. Gross revenues topped all previous figures at $117,356,547, being $7,717.- 914, or 8 per cent, higher than the figure of $100,638,633 reported a year 2g0. Operating expenses, maintenance, etc., totaled $60,131,991, which is 9 per cent above last year. Provision for taxes rose $812,905 to $12,281,792, an increase of 7 per cent during the year. y After deducting these items there was left net operating revenue amounting to $44,942,764¢. Purther deduction for provision for retire- | ments—renewals and replacements— left the above-stated operating in- come of $35,835,067. Certain non-recurring expenses have been excluded from the statement for both periods under review, as ex- plained in the quarterly repaorts in de- tail. These extraordinary expenses are materially less than last year and are continuing to decline. The consolidated statement of earn- ings and expenses of properties irre. spective of dates of acquisition xouovu: llm rie -n.n.nomuon Heatin, Water Tee - Total gross of erulnl Teve- - $117.356.547 $109 638 833 Ongratine penses. main- tenance, Provision taxes ____ $60.131.991 r 12 281.792 Total operating nses. faxes’ Gre. $55.211,307 11,488 R87 $72.413.783 €68 ARN.104 Net operating revenue Provision for T etirements (renewals and replacements) Overating i come . $44.942,764 $42.958.439 9.107.697 $35.835.067 $33.184.802 NEW YORK BANK STOCKS NEW YORK. December 24 (P).—New York Becunty Deaters hasbcistion ™ (Quotations as of 2 o'clock.) Bk of Man (1%) Bankers Tr (2) Ex Bk Empire Tr (1) First Nat (Bos) (2), atl (100) Irving Maniretre 11 Manuf'rs Tr pf Natl City (1) N Y Trust (5) Bublic, (112 Title K & T — PHILADELPHIA PRODUCE. PHILADELPHIA December 24 P Live poultry—Fowls, P. R. taner, mlxed colors, ordmm “17a18: ho! 3 s. fancy. ord!n-n 14a15: o te: ms. 1 Pekin. fancy younz. 1 colors. 14al5: v 18: colored. 13al4: geese. fancy. 19: or= dinary. 16a1 Bressed ‘poultry—Turkeys. U. S. TREASURY POSITION. By the Associated Press. 8: 1. c-\s!omi recelmi Ior the month, 1513635 eceipts ioF the fiscal year (since uly 6,035.19: _expenditures. ineluding _ § i 5 s decrease. of !1 43“ 0'49 50 under (M urmoul day; sold assets. 9,13 MONEY nmr. NEW YORK. December 24 (#.—Call money steady: 1 per cent all day. n commercial paper. 3. loans steady: 60 days 6 m cent offered nkers’ changed Bai Rediscount rate. New York Re ang: serve Bank 1'a per cent YOU SEEK TWO THINGS in an investment—liberal return - and adequate security for princi- pal. Our FIRST MORTGAGES qualify Over Forty Years of Experience in both considerations. Interest is liberal and fixed in rate, while principal.is secured by im- proved real estate. Consultation without obligation. B. F. SAUL CO. First Mortgage Investments REAL ESTATE National 2100 925 15th St. N. MORTGAGE . CONSTRUCTION LOANS in District of Columbia or nearby Maryland SIX MONTHS TO ONE YEAR INTEREST COMMISSION 1% 3:% Extensions at a lower inter- est rate for any term up to 20 years may be arranged. H. L. RusT ComPANY 1001 PIPTEENTH STREET NATIONAL 8100