Evening Star Newspaper, November 29, 1937, Page 16

FINANCI CHRISTMAS TRADE T0 RECEIVE BOOST Distribution of $7,800,000 by Capital Banks Due in Next Few Days. By EDWARD C. STONE. Christmas trade in the Capital will receive & very substantial boost in the next few days by the distribution of approximately $7,800,000 in cash by three closed banks now in liquida- tion and payments by 18 wide-open banks to their Christmas Savings Club members. ‘The three closed banks are the Dis- trict National, Washington Savings Bank and the Seventh Street Savings Bank, the combined distribution amounting to more than $500,000. The elub disbursement will be around $7,300,000. It was indicated today that the ‘Washington Savings Bank will be the first of the three to start payments. ‘The institution has a 20 per cent pay- ment amounting to $70,000 awaiting 1,890 depositors. Incidentally, the coming payment will mean a return of 100 per cent of the principal to the former patrons. ‘They are also to re- ceive some back : ' rest at a later date, according to the controller's office. The District National will join in spreading holiday cheer by paying $386,800 to 8,704 depositors, this being a dividend of 10 per cent, which brings the total return to date up to 85 per cent. The other bank soon to swell yule- tide spending funds—the Seventh Street Savings Bank—is about.to dis- burse $105300 to 2616 depositors. This, too, is a 10 per cent dividend and brings the bank’'s payments up to 90 per cent. The Christmas Savings Club pay- ments are going to 82,858 members, who made regular weekly deposits throughout the past year with the definite idea in view of having extra money for the holiday season. Their thrift is now being rewarded. Banks Drop Club Interest. In announcing the opening of the 1938 Christmas Savings Club by those banks in Washington handling this type of business, Thomas J. Groom, president of the District of Columbia Bankers Association, said that no in- gerest would be paid on these accounts. In this connection Mr. Groom said that statistics indicated that 89 per cent of the banks over the country had found it necessary to discontinue the payment of interest on such funds, this action being due to the prevalent low interest rates which banks are sble to obtain from loans. According to Mr. Groom, for some years banks have recognized the fact that the cost of handling Christmas Bavings Clubs exceeded the gross in- come earned from the investment of such funds. However, as the weekly deposit of funds inculcated thrift and improved business during the holi- days, at which time this money was disbursed, the banks had continued to pay interest. Now that the demand for bank loans has been gradually reduced and the yield on prime investments is quite low, the banks have been compelled to take this action, he stated. Bragg Insurance Speaker Here. James Elton Bragg, lecturer on life insurance, New York University and manager of the Guardian Life Insur- ance Co.'s New York City agency, will be the guest speaker at the December luncheon of the District of Columbia Life Underwriters Association at the Willard ballroom next Friday. After 18 years of field and home office effort, Mr. Bragg is well able to discuss what he calls “Our Product.” He has been a salesman, agency man- ager, teacher of life insurance, a vice president of a life insurance company, member of the advisory council of a great bank, and trustee of the National Association of Life Underwriters. A large attendance at the Friday meeting is expected, as Mr. Bragg is ‘well known in Washington, having ap- peared on programs of the annual Bal- timore-Washington Sales Congresses. Honor Luncheon for Baltz. About 100 members of the District of Columbia Building and Loan League and their guests will attend the luncheon at the Raleigh Hotel tomor- row in honor of Edward C. Baltz, secretary of the Perpetual Building Association, who was recently elected president of the United States Build- ing and Loan League. More than 90 members had asked for reservations today, with several others expected to reserve their seats before closing time. It was announced today by Secretary F. Wilson Camp of the District League that Repre- sentatiye Everett M. Dirksen of Illi- nois will be the chief speaker. ‘There may be other brief talks and Mr. Baltz will no doubt make some response to any tributes thrust upon him as a result of the national honors and the high position he has attained in biulding and loan circles. Arthur G. Bishop, newly elected president of the District League, and chairman of the board of the Per- petual Building Association, will pre- side. Junior Bankers Turn to Tennis. The Athletic Committee of Wash- ington Chapter, American Institute of Banking, is completing arrange- ments for the annual table tennis tournament for chapter members. Under Chairman Raymond L. Jones of the National Metropolitan Bank the committee has made plans to hold the tourney in the recreation room of the American Security & Ttust Co. from December 7-10, inclusive. The committee assisting Mr. Jones is composed of James Grant, Wash- ington Loan & Trust Co.; William M. Grimes and Malvern F. Moore, Wilson and - William G. Yeatman, ‘Washington Loan & Trust Co. Trade Uptrend Is Notable. The fifth Federal Reserve district, including the Capital, reports that more seasonable weather and the real beginning of the Christmas shopping season has caused a decided uptrend in retail trade activities in this ter- ritory. Purchasing power is holding up well TRANSACTIONS ON THE NEW YORK STOCK Prev High. 27% 2581 33w 21% 831 So% 8% 1147 10135 41% 80% 121 174 1 104% 338, 112 23% 303 3384 3% 26l 567 187 99 9974 116‘5 1814 52% 9 36% 524 % 23% 4015 4T 110% 43% 32 354 288, 1143, 15% 301 By Private Wire mrm to The Star. 0 p.m. 1937 Stock and Low. Dividend Rate. 36 Abbott Lab (1.60a)_ 7% Adams Exp (.30g) 16% Addressog (1.40) 1% Advance Rumle: 443% Air Reduction ( 14 Air-Way El Appl .. 8 Alaska Jun (.60a) 1 Alleghany 11 Alleg pf $30 ww. 10% Alleg prpf . _ 13 Alleghany Stl 1.6 644 Allen Indus (1) 145 Allied Chem (6) 10 Allied Mills (2g) 6% Allied Stores (.20a) 84 Allis-Chalm(3.508) x 8% Alpha Portland (1) 1% Amal Leather__ Blls Amerada (2)_ _ 5315 Am Ag C Del (6%g). 10 Am Bank Note(1g)- 28 Am Brake Sh (2g) - 79% Am Can (4a) .__ 151% Am Can pf (7) 164 Am Car & Fy (48) . 36 AmCar & F pf (48)- 11% Am Chain (1.50g) .. 90 Am Chicle (ia) 5% Am Colortype _ 84 Am Comcl Alco 1213 Am Crys Sug 3.25g . 82 Am Crys Sug pf(6)_ 2 Am Encaustic Til _. 213 Am & Foreign Pow_. 17 Am&FPS$6pf 19 Am & For Pw $7 pf_. 5% Am & For Pw 2d pf_ 214 Am Hide & Leath 20's Am Hide & L pf (3)_ 324 Am Home Pr (2.40)_ 1% Am Ice 6% Am International 14% Am Locomotive _ 53 Am Loco pf (Tk) 10% Am Mach & Fy (1) 3 AmM& Met (.60) _ 24% Am Metals (1.25g) 3 Am Pow & Lt : 26 A P&L $5pf 4.683% k_ 81 A P&L $6pt56215k. 9% Am Rad & St S(.60)_ 1512 Am Rolling M (2g) - 70 Am Roil M pf 4.50 _ 171 Am Safety Raz (2) Ti3 Am Seating (1.25g) Am Shipbldg (2a) _ 508 41 AmSmelt& R(58) . 54 46 AmSnuff 3a) . 2 221 Am Steel Fdy (2) _ x 28 81 Am Stores ooy cu,.-o.—afluom.a-unae.-.m- [SEPIOTOL -~ - O 108 25 140 Am Tel & Tel (9) 65% Am Tobacco (5) 67% Am Tobacco B (5) . 4% Am Type Fdrs 8 Am Watr Wks(.80)_ 82 Am Wat W 1pf(6)_. 315 Am Woolen 30% Am Woolen p((!k) < 3% Am Zinc L& S 243 Anaconda Cop 1.758. 89 Anaconda Wire (4) 10 Anchor Cap (.60a) __ 96 Anchor Cap pf 6% 26 Arch-Dan-M (2) 4% Armour (111) .70g _. 30 Armstrong Cork 2g 6% Asso Dry Goods T4 Assoc In pf ww(5) . 32 Atch T& S F (2g) - 71 AtchT&SF pf (5)_ 18 Atl Coast L (1.50g)_ 9 Atl Gulf&W Ind pf_. 18 Atiantic Refin (1) 101% Atl Refining pf (4) - 7% Atlas Corp (.80) 39% Atlas Corp pf (3) 38 Atlas Pwdr (3.258) x 6% Auburn Auto 15% Aust Nich pf A (5k) - 2% Aviation Corp 5 Baldwin Loco ct. 844 Balto & Ohio 10 Balto & Ohio pf _ 99 Bang & Ar pf (5) 10% Barber Co (18) 815 Barker Brother: 10 Barnsdall (1) 13% Beatrice Cr (1a) 7% Beldin-Hem (1) _ 8% Bendix Aviation(1). 15 Beneficial Loan(2g) 32 Best& Co (2%3a) 41 Bethlehem Sti (4x)- 14 Beth St15% pf (1)__ 8515 Beth Steel pf (7) 23% Bigelow-Sanf 3.50g 13% Black & Deck (1a) .- 9 Blaw-Knox(1.20g)_. 16 Boeing Aero (.40g)- 21 Bohn AI&Br (4g) .. 76% Bon Ami A (4a) 171 Borden (1.60) 24% Borg-Warner (2a) - 3 Roston & Maine L. % Botany C M (A) (r). 18% Bower Roll B 3.50g 7 Bridgep't Br.75g 18 Briggs Mfg (2. nOE\ 8 Bklyn-Man Transit- 3214 BKlyn-Man pf (6)__. 1 Bklyn & Queens 67 BKlvn & Queens pf _ 19% Bklyn Un Gas(1.60) 6 Brunsw-Balk .50g _ 24 Budd Mfg _ __ 35 Budd Mfgpf _____ 215 Budd Wheel (.20g) _. 10% Bullard Co (2g) _ 26 Bulova Watch (4a) 7 Burlington Mills(1) 15 Burrgh Add M (1a)_ 71 Bush T 7% deb (r) . 10 Bush T Bld pf ct(r)_ 514 Butler Bros (.60) __ 2% Butte Copper & Z __ 6 Byers & Co o 24 Byers AM pf 2.50k 20% Calif Pack (1 1 Callahan Zinc & 4 Calum & Hec 1.10g 10% Campbell Wyant 1a x 9% Canada Dry G Ale__ 6% Canadian Pacific 28 Cannon Mills 1% __ 6 Cap Adm A (%g) _. 1314 Carpenter Stl 1.85g_ 27 Carriers&Gen .15g __ 0 Case (JI) (6g) Caterpillar Tr (2a) Celanese (2.25g) __. Celotex Corp 1.20g . Celotex pf (5) ___. Cent Aguire 3.38g. Central Foundry Central RRof NJ Central Violeta Sug. 85\6 Cerro-de Pasco(4a) .. 31 Certain-teed 5 18 Certain-teed 6% pf 25 Champ Pap & F (2)_ 105 Champ P & F pf(6)_ 40 Chesap Corp (3a 31 Ches & Ohio (3a) __ 2 Chi & East Ill pf(r). 3 Chi Gt West pf (r)_. 10% Chi Mail Ord 1.50g .. %Chi MStP&P (r) . 1% Chi M St P&P pf(r)_ 1 Chi&NW(r) _ 8 Chi&NWpf (r)___ 6% Chi Pneu Tool ___ 29 ChiPneuT cv pt(3). 1 CRI&P6%pf(r). I%SCRI&P7% pf (r)- 12 Chic Cotton Oil ____ 3 Childs Co e 52% Chrysler Corp 10z 11 City Iee & F (2) 63% City I& F pf (8%)_ 2 City Stores 22 Clark Equip 4.80% 102% Clev El Illu p2(4%). 23 Clev Graph B1%g 24% Climax Molybd .90g. 134 Cluett Peabody (1) 93% Coca-Cola (3a) 8t Colgate-P-P (.50) 20% Collins & Aik (5g) - 98% Collins & Aik pf(5) - 114 Colo Fuel & Ir (1g) - 5% Colo & South 9 Colo & South 1st pf . 18 Col Bdcstng A 1.458. 17% Col Bdcstng B 1.45g. 4% Colum G & El .45g__ 10 Col Pict vte (1a)_. 65 Col Carbon (4a)____ 33% Comcl Credit (4a) __ lfl% Comcl Invest Tr(4). Comecl Solv (.60) . Comwlith & Sou__. Com & Sou pt (3) Congoleum-Nrn(: 6 13 9 2 »w0ns abi’-anu—n-muuo-—-ua - s 24% 28% 15 13 104 24% 98Y 14% % 10 19% T R4 '.l Ne Add 00. llfll. l.n'. Ulnll. 2:30 p.m. Prev 1937 Stock and Bal High.Low. Dividend Rate. 26% 5% Contl Diamond lle 2% 28 Contl Ins (1.60a) % Contl Motor 24 Contl Ofl Del (1a: 914 Contl Steel (1) 46% Corn Exchante (3)_. 0% Corn Prod (3) 3 Coty _.__ 224% Crane Co (1g) - 90 Crane Co cv pf (5) 21 Creamof Wh (2g) 7 Crosley Radio 28% Crown Cork (2 814 Crown Zellerb .50 64% Crown Zeller pf (5 21 Crucible Steel 8 CubaRRopf 2% Cuban-Am Suga 15% Cudahy Packing. 4 Curtis Pub___ 46 Curtis Pub pf 6.25k x 2 Curtiss-Wright . 84 Curtis-Wrgt A 50g_ 18Y% Cutler-Ham (.25g) . 124 Davega St pf (1%)_ 96% Dayton P&L pf 4 - 1944 Deere & Co 13 Del & Hudson 5 DelLack & W 1% Den&Rio GW pf(r)_ 91 Detroit Edis (6g) 34 Devoe& Ray A(3a). 18Y% Diamond Mat (1a) .- 6% Diamond T Mot (1)_ 10 Dist Corp-Seag .50g. 27 Dixie-Vor A (2%) 16% Doehler Die (28) 35 Dome Mines(4.50g)- 77% 26% Douglas Aircraft __ 169% 791 Dow Chem (3.358) - 39% 9 Dresser B (le) __ 122 106 Duplan Silk pf (8) 180% 98 Du Pont de N 6.25g 1351 130 Du Pont deb (6) 112 107% Du Pont de N pf 4.50 115% 109% Duquesne 1st pf(5)- 17 2i4 Eastern Roll 198 144 Kastman Kodak(8a) 164 150 Fastman Ko pf (6) 37% 15% Katon Mf& (2.508) - 16 3 Kitinzon Sch 15% Elec Auto L(2.20g) - - 3% Elec Boat (.60g) . 3% K & Mus Ind (.19g) - 8in Llee Pow & Lt 247, 107 14615 761 36l 23 29 41y 46% 51 Klec Stor Bat 215g 1413 El Paso Nat Gas 2a_ 33 Endicott-John (3) - 44 Erie R R o ist pf Prod (1) irbanks Co irbanks pf 231, Fairbanks Mrse (1a) 26 Fajardo Sugar (4z). 715 Federal Lt & Trac 65 Fed Min & Sm . 2 Federal Motor__ 24 Federal Screw 1% Federal Wat Sve A 17 Fed Dept Strs (2) . 65 Fed DStrpf (41,) - n 2215 Fid Phoenix(1.60a) - 41% 16L Firestone T&R (2) . 521, 30 First Nat Strs(215). 46% 11% Flintkote (1) 9'a 113 Follansbee Bros 58 27 Food Mach (2.50a) 98 80 Food Mach pf(41g) 5414 111 Foster Wheeler 324 18 Freeport Sulph (2) 117 102 Freeport Sul pf (6) 4815 61 Fuller 2d pf Tia 1 Gabriel A 15% 3% Gair (Robert) 39% 20 Gair (Roht) pf (3) 19% 4 Gar Wood Ind(1,g) 15'a 513 Gen Am Invest 105% 91 Gen Am Invpf (§) 861, 3115 Gen Am Tran 3.50g 194 b Gen Baking (.60) .- 14 21 Gen'Bronze 324 6l Gen Cable 65 141 Gen Cable A 524 22% Gen Cigar (3g) 6474 34 Gen Elec (2.208) 2814 Gen Foods (2 % Gen G & El 48 Gen Mills (3 31% Gen Motors (3 111 Gen Motors pf (5)-- 315 Gen Out Adv 211 Gen Out Adv A 815 Gen Ptg Ink (.60g) . + 14 Gen Real & Ut pf 18 Gen Refract (2h)_ - 131 Gen Stl Castpf 9'3 Gen Theatre Eq(1) 95 Gen Time Inst pf 6 & Gen Tire&R (.50g) 8 Gillette Saf R (1)~ 7% Gimbel Bros 201 Glidden Co (2a) 43 Glidden cv pf (215) 4 Glidden rts Dec 15 1t Gobel (Adolf) = 2 Goebel Brew (.20a)_ 13 Goodrich (BF) 1g _ 50 Goodrich pf (5) __ 16% Goodyear T&R (2) 77 Goody'r T&R pf (5) 315 Gotham Silk H 1% Giaham-Paige 3 Granby Consol 14 Grand Union 14% Granite City St11.50 244 Grant (WT) 1.40a 2313 Great Northn pf 2g 10 Grt Nor Ore ct(%g) 2314 Grt West Sug 2.40a 131 Gt West Sug pf (7) 15% Green (HL) (1.60a 7% Greyhound (.80) _ % Guantanamo Sug 3% Gulf Mobhile & Nor 12 Gulf Moh & Nor pf . 4% Hall Printing = 108 95 Hamil Wtch pf (6) 58% 18 Harb-Walker (2)_ 17% 5 HatCorp (.80g)- 8 1% Hayes Body 15% 6 Hecker Prod (.60a)_ 126 89 Helme (GW) 5a an 591 20% 39% 11 Hercules Mot u) 50 Hercules Pn.7 424 Hershey Choo (3)_ 83 Hersh cv pf (4a) 15% Holland Furn 1.50g. 93 Holland F pf (5) 10 Hollander&Son (1) 15% Holly Sug (2% &) - 391 Homestake Min 414 _ 23 Houd-Her A (214) _ 6 Houd-Her B (1%) 4% Houston Oil ge 37 Howe Sound (3a).- 1% Hudson & Man 4 Hudson Motor .25g_. 1% Hupp Motor ___ Tllinois Central_ Illinots Cent pf - 111 Cent LL (4) - Indust Rayon (2) Ingersol Rd (4.508) - Ingersoll R pf (6).__ 58% Inland Steel (4a) . 64 Inspiration Copper.. 3% Insuranshar (.10g)- 1% Interboro Rap Tr 6 Interlake Iron .40g-. 2 Intl Agricul o 18Y% Intl Agri pr pt (3K) - 189 127% Inti Bus Mach (6a)_ 120 53t Intl Harv (2.50a) 3 Intl Hydro-Elec A. 1% Intl Mer Marine 37 Intl Nickel (2a)- 7% Intl Paper & Pow. 364% Intl Pap & P pf (5)- 2% Intl Ry Cent Am 35 Intl Ry C Am pf 5k.. 19% Intl Salt (1.50a) 30 Intl Shoe (2) 16 IntlSilver _ 4 Intl Tel & Tel . 6% Intl Tel & T for ct _ 94 Interstate DS 2.75g_ 12% Interst Dept pf (7). 9% Intertype (.608) __. 49% Jewel Tea (4) _ 6514 Jojins-Manv (3a) 64% Jones&Lau pf 5.25k. 15% Kalam Stove 1.50g .. 5 Kansas City Sou __ 14% Kan City S pf 1.50g x 15 Kaufmann Dep 1.60. 18 Kayser (J) (2g) 7 Kelsey-Hayes A. 4 Kelsey-Hayes B. 92 Kendall pf (6a)._ 591 67% 3% 166 129 Helme (GW) pf (7). 1008 230! les— Add 00. High, Low. Blosu nhn High. Low. 4 9 8% 10 29 28 1% 27 14% 48 56% l'/l - % T+ I SEFE FFERFF |t_|_ll £ 49 g 3 108 1 21 1 2 1 9 108 8 2 s 5 S S EFFEF 2 17 2 4 L4 3 ‘i 6 . 2 4 3 2 3 1 2 5 10 9 -. 1408 508 1 - OVEMBER 29, 1937 Prev. 1937 Stock snd Dividend Rath. 8 Lehigh Val Coal pf_ 1 4% Lehigh Valley RR_. 11 23% Lehman Corp (1a)_. 3 8 Lehn & Fink (1%) . 2 84 Libbey-Owens G(4) x 22 5 Libby McN&L 1.40h 23 Life Savers (1.60a)_ 82% Ligg & Myers (4a) 83% Ligg & Myers B(4a) 18% Lima Loco (2.50g) 26% 14 Liquid Carb (1.60a). 87% 45% Loew's Inc (6g) 3% 1 Loft e - 6% 32 Lone Star Cem (3)_. 2% Long-Bell A 18 Loose-Wiles(1.60g). % 157% Lorillard (P) (1.20) 1256 Lorillard pf (7) 14% Louisv G&E(A)1% x 48% Louisv & Nash (6g). 13% Ludlum Steel (1) __. 26% MCANd & F (2a) .___ 181 McCall Corp (1%)_. T% McCrory Strs - 124 McGraw Elec (1) _. 30% McIntyre Pore (2) .. 19'% McKeesport T (2) 5% McKess & Rob (d) __ 33 McKess& R pf (3).. 6 McLellan Strs .9 1815 Mack Trucks (1) 27 Macy (RH) (2a) __ 18% Magma Cop (2.75g). 4% Man Ry mod gtd(r). 91 Manhat Shirt (1) _ 1% Maracaibo O{l 515 Marine Midl (.4ca)_. 1 Market St Ry 9 Market St Ry prpf_ 9% Marshal Field _ 10 Martin (Glen) 20 Masonite (1a) 22% Mathieson Ak 1.65g 34 May Dept Strs (3a)- 4'4 Maytag Co (.50g) _. 12 11’3 Mead Corp (1.50g) .. 18 59% Mead pf Bww 550 1 42 Melville Shoe (5) 1 3 Mengel 20 Mengel 5% vf(”q) 33% Mesta Mach (4.75g) 4% Miami Copper i Mid-Cont Pet 1.50g Midland Steel (2) Midland St1 1 pf(8) Minn Hon Reg (3) 8 4% Minn-Mol Imp = o 54 Minn-M Ppf650k . 1 % Min StP&SSMarie . 3 2 Mo-Kan-Texas ___. 9 5% Mo-Kan-Tex pf _ 20 1% Mo Pacific pf (r) _, 1 14% Mohawk Crp(1.20a). 4 71 Monsanto Ch (3g) 8 30 Mortgom Ward(2a) 180 39% Morris & Esx (3%)_ 408 5 Mother Lode (.45g). 116 12! Motor Prod (3.50g) - 13 R4 Motor Wheel (1.60)_ 17 Mueller Brass (1a)_ 4% Mullins Mfg (B) s Munsingwear 1.50g . 184 24% 43% 21% ki) l“l 113% 114 831 - Sa voralasnBaomomnar~riialnSvnnona 5 3008 3 17 12 5 208 Nash Chat & St L__ Nat Acme (1g) Natl Aviation Natl Biscuit (1.60) Natl Bond & Sh 1a Natl Cash Reg(1g) Natl Dairy P (1.20) Natl Dept Strs yatl Distill (2) Natl Gypsum _____. Natl Lead (13) = Natl Lead pf A (7). Natl Malable 1.50g - Natl Pw & Lt (.60) Natl Steel (2.50a) __ Natl Supply (Pa) _ Natl Supply $2 pt Natl Tea (.30g) Newport Ind (2g) N Y Air Brake (2) NY Central N Y Chi & 5t Louis NV Cni & St Lpf N Y C Omnibs 4.90g ¥ Dock: o’ N Y Dock pf X Y Investors (r) S H&H'(r) _. » H&HDSf () 6% 1 NYOnt&West(r) 114 102 Norfolk & W pf (4) 17% 3 347 25% 2 9 261y 1008 N Am Aviatn.12%s 17 144 North Am (.90g) __ 52 9% Northern Pacific 49 34 Northwest Tel (3)__ 1108 1% Norwalk Tire& R.. 4 9 Ohio Oil (18) 24 Oliver Farm 613 Omnibus (1.80g) __ 5l Oppenheim Col 14 & 20'a Otis Elevator 1.40g x 6 Otis Steel =X 51% Owens-111 G1 2.50g _ 9% Pac Am Fish (1.20)_ Tis Pac Coast Ist pf____ 4 PacCoast2dpf 11 Pac Finance (1.80)_ 22 PacGas&El (2) __ 34% Pac Lighting (3a) 10t Pacific Mills (112g) 110 Pac Tel & Tel (8) 4 Packard Mot(.25g) 1 Panhandle P&R (r) 29 Panhandle pf (r).__ 324 Paraffine Co (4g).__ Rlg Paramount Pict _ 80'% Paramount 1 pf (6) 8 TParamount 2 pf(.60) 1 Park Utah (.15g) __ 28 Parke Davis 1.80g _ 12 Parker Rust(1.50a)_ 4 PatheFilm __ 8 Patino Mines 244 Peerless (.30g) 31 Penick&Ford 1.50g . 57! Penney (JC) (3g) - 24 Penn-Dixie Cement_ 15 Penn-Dixie pf A 20 Penn R R (1.25g) 22 Peoples GL&C (2 35 Pere Marq pt £ 39 Pere Marq prpf(5)_ 108 9% PetrolmCorp(.90g) - 1 18'4 Phelps Dodge 1% g . 29 2% Phila Rap Tr pf (r)_. 20s 13 Phila Read C&I(r) 2 65 Philip Morris (3) 30% Phillips Pet (2a) 2% Phoenix Hosery. 4 Pierce Oil pf 20% Pills Flour (1.60) 4% Pitts Coal 6 Pitts Coke & Tron _ 4% Pitts Screw (.658) - 8 Pitts Steel % Pitts Term Coal 1% Pitts United . '3 Pittston Co 13 Plymouth Oil 1.40a_ 7 Poor&CoB - 1% Porto Ric-Am T A . 214 Postal T & C pf (r)_ 54 Press Stl Car .25g _. 43% Procter & Gam (2a) 1181 114% Procter & G pf (5) . 52% 30% Pub Sve N J (2.60) . 16214 132 Pub Sve N J pf (8) _ 724 25'% Pullman Co (1.50a)_ 24% 8% Pure Oil (.258) .. 107 85 Pure Oil pf (6)_ 112% 107% Pure Ofl pf (8) .. 23% 5% Purity Bak (.60)_ 18% 14 Quaker StateO (1)_x 12% 4% Radio Corp (.20g) 80 48% Radio cv pf (3%) 10% 2% Radio-Keith-O (r)_ 25% 6 RRSecIll Stk. 47 18% Reading Co (2) 43% 24% Reading 2d pf (2) 22% 8% Reliable Strs (1)_ 29% 8% Rem-Rand (1.30g, 9% 1% Reo Mctor _ _ 47% 12% Republic Steel 124 69 RepStlcvpf4lk _ 67 Republic St pfA(6)- 9 Revere Copper & B 12% Reynolds Met (1) __. 8 Reynolds Spr (1) __ 55 Reynolds Tob 3.60g 43 Reynlds Tob B 3.60g 4% Richfield Oil - 9 Ritter Dental (1) 44% Roan Antel (2.96g) 21 Safeway Strs (2a) . INSURANCE SHARES GO LOWER DURING WEEK Special Dispatch to The Star - S & e anman—oRNIN 'I 27 1% 40% 8% 24%, A“M.lhb‘m Closs. chge. b + % .l 68 — % 26 26 -1 1% 11% + % 3% 40 + % 8% By 24% 2% + Y 87 87 -1 20 28% 18% 49 1% 8% 4 17% F§E FFE ¥ FEEErE ¥ Ill” 1114 i 24% 20 issues is now 4.57 per cent, com- pared with a yield of 4.44 per cent 8% 8w+ W 13% 13% % - % 52 -2 A% — T + 20% + 26 9% + 7 b51% on November 19. | 164 The current market value equals 79 per cent of current NEW YORK. Nov. 29—Insurance | 1Quidating value, against 82 per cent 2:30 p.m. Prev 1037 Stock and High. Low, Dividend Rate. 113 90 Safeway Strspf(6). 108 90 lll 100 Safeway Strapf(7)_ 20s 102 26% St Joseph Lead(2a). 30% ll% 1% 8t L-San Frn pt (r). 2 3% 27% 11 Savage Arms 1.50g . 2 15% 24% Schenley Distill(3). 12 28% T4% Schenley pf (515)__ 1 T4y % Schulte Ret (r) . 315 1% 3% Schulte Ret 8 pf(r) 24 34% Scott Paper 1.55g __ 2008 % Seaboard Air L (r) .. 17 1% Seaboard A L pf(r) 1 16 Seaboard Ol (1)_. 3 493 Sears Roeb (3) __ 1314 Servel Corp (1a) __. 15 Sharon Steel (1.20) _ 65 Sharon Stl pf (5) 3% Sharp & Dohme - 64 Shattuck (FG) .60a_ 14% Shell Union (%g) . 91 Shell Un pf (53) 5% Silver King (.90 17% Simmons (1.75g) 2% Simms Petrolm . 19 Simonds Saw 1.30g . 26% Skelly Oi] (1.50g) _ 67 Sloss-Sheff (1.50g) 13 Smith (A 0) 9% Snider Pack (115g)_ 13 Socony-Vae (.80g) _ 110 Sol Am pf ww 5% . 1% Sou AmMG & P 20g _ 17% Sou Cal Edis (1%a). 17 Sou Pacific _ Southern Ry ___ lE Southern Ry pf_ 1% Sparks With 10 Sperry Corp (. 6"‘) 14Y Spicer Mfg (2g) 8% Spiegel Inc (1) _ 49 Spiezel pf (41%) 210- 16 Square D Co (.95g) - 5 74 Stand Brands (.80) 41 1045 101 Std Brands pf(4.50) 3 14% 2% Stand Gas& El (r).. 17 5 StandG&Epf(r) . 26 10 Std G&E $6 prpf(r) 5 14 StdG&E$7prpf (r) 10 28 Stand Ofl Calif (1a) 25 2615 Stand Oil Ind (1a) _ 30 42 Stand OIINJ (1a) _ 55 54 Sterling Prod 3.80a 5% Stewart-Warn(35a) 8% Stokely Bros 1.20g _ 613 Stone & Webster 3 Studebaker Sunshine Mng (3) x Superheater (1. Aog) Superior Ofl _ perior Steel Sutherind Pap 1.60a Swift & Co (1.20) vift Intl (2) - ymington ww .60g_ Symington xw .60g . Telautograph (.60)_ 5% Tenn Corp (%g) __. 34% Texas Corp (2) 2 Tex Gulf Prd(.10g) - 23% Tex Gulf Sul (2a) 15% Texasx & Pacific Ry . 5% Tex Pac C&0 (.40) _ 5% Tex Pac L'd Tr.20g. 315 The Fair ___ __ 2% Thermoid - - 10 Thomp Prod 1. 10‘ - 1% Thompson-Star _. 13% Tidewater As (1a) _ 77 Tidewat As pf (413) 8% Timk-Det Ax .50g 36 Timken Roll B(3a) 10 Transamerica Corp_ 4 Trans & West Air 3% Tri-Cont Corp (1 g) 4l Truax-Traer (.80) _ 1815 20th Cen-Fox 2.50g 7 Twin Coach (.45g) . 1% Ulen & Co 46% Underwood-E 4.50z 9 UnBag&P(.12%g) 61% Union Carbide 3.20 17% Union Oil Cal 1.20a 80 Un Pacific (§) 22 Tn Tank Car (1.60) 10% Unit Aircraft (1g) . 5% Unit Air Lines = 15 Unit Biscuit(1.60) _ 45% Unit Carbon (4a) __ 20 Unit Carr Fast (2) __ 2 United Corp (.208) 25% Unit Corp pf (3) .___ 5 Unit Drug (.50g) 2% Unit Elec Coal : 24 Unit Eng & Fdy (2) . 52 Unit Fruit (3) 9 UnitGasImp (1) x %4101 Unit Gas Imp pf(5) x 31 Unit Paperbd(.30g) 24% 6'5 U S & Foreign Sec _ 347 53 U S Freight (1%e) 137 53 U S Gypsum (2a) 172 154% U S Gypsum pf(7) _ 23'a 6's US Hoffman Mach._. 43% 16\ U S Indus Alco__ 15% 3% U S Leather 22% 64 US Leather A__ 72% 24 U SPipe (3) 19 3% U S Realty & lmp 20 U S Rubber 454 U S Rubber 1st pf - 105 5243 U S Sm & Ref (8g) _. 75% 63 US Smelt pf (313) 1261 4815 U S Steel (1g) _ 150 1004 U S Stael pf (7) = 9% 2% Unit Stockyds (%) 8% 1 UnitStoresA 21 11 Univ-Cyclops St(1). 3 136 Univ Leaf T pf (8) 108 29 Univ Pictures 1st pf " 108 % Ul P&LtA(r). __ 4 S Vadsco - 1 9% Vanadium Corp 1g . 24 35% Vick Chemical (2a) 3 12% 2% Va-Caro Chem 4 74% 1814 Va-Caro 6 pf(115k) _ 7 115 105 VaElI& Pwpf (6) _ 20s 12% 3% ValrCoal & Coke _. 10s 104 2 Wabash Ry (r) __ 18% 213 Wabash pf A (r) ___ 16 2'a Wabash pf B (r) T4 Waldorf Sys(.80g) 18 Walgreen (2) 74 Walgreen pf ww 414 32 Walker Hiram 2. 3% Walworth 2 Ward Baking B _ 4% Warner Bros Pict_ 2% Warren Bros (r) _ 16 Warren Fdy &P(2a) 11% Waukesha Mot (1a. 20 Wayne Pump (2a) _ 24 Webster Eisenlohr 23% 8son O & S (%a) 84 WPennElA (7) 76 enn El pf (6) 88 West Penn El pf(7) 115'% 110% West Penn P pf (6) 12313 117% West Penn P pf(7) 30% 16 West Auto Sup 1.60 11% 2% Western Maryland 11% 1% Western Pac pf 83!3 25's Western Union 2.255 57% 17% Westhse Air B(1a) 167% 87% Westhse E1&M 6g 170 113 Westhse E&M pf 6g 2 27% 10% Westvaco Chl (1) 23 Westvaco Chl pf 115 19 Wheeling Steel 1415 White Dental (1.20) 6 White Motor 1% White Sew Mach. 11 White Sew M pf 24% Willys-Overland 6% Willys-Over pf (.60) 4% Wilson & Co (%) 54 Wiison pf (6) - 85 Woolworth (2.40) _ 12 Worthington Pump. 40 Worth'nPpf B - 343 Worth'n P prpf 4.50 45 Worth'n P cvpf 4.50 58w Wrigley Jr (3a) ___ 224 Yale & Tourne .60a. 7% Yellow Truck 21 Young Spring (3) _. 34% Ygstwn Sh & T (4)_. 12 Zenith Radio (2g)-_ 2% Zonite Prod 101 l02 30 3% 15 P41+ 14+ FR=tS (o 1++1+1 - RO N RS A~ IS NA NI ONN AN NANRONR R AN A NARNN RO e A+ i+ L L] - + - AR 104 1 " See e - e e 108 % 2% 39% i LI t+11+ FEF FEFEIET 1+ o RS —E P acann o o CR R IRD L —N® +2 30% + W EXCHANGE Add 00, High, la" clou r.hn - ¥ Approximate Sales of Stocks on the N. Y. Stock Exchange. 11:00 A M. 1:00 P.M. s Actual sales 410,000 790,000 unit of trading 10 shares. 12:00 Noon _ 630 000 .000 rln bankrupicy on receivership or (eing Feorfanized under mpan, Bankruptey Act, or securities assumed b Raten of dividends ot Torexoin table ments based on the last quarterly or semi-annual un]ui:merwm noted. special or extra ra dividends are not idend. xr lx’ ights. » E 3 Pf Stock. ¢ Paid } Jam s r € e ar Boukd sooia div pald or declared tI MONETARY GOLD STOCK By the Associated Press. anus) disburse- deciaration. luded. Jirs or extras. d 1.26 il R en TURNS DOWN IN WEEK | December L0SSES REDUCED ON STOCK MARKET Support for Rails Brings Much-Needed Help in Late Trading. Stock Averages 30 uauna Ralls. 01, 850k Net change Today, noon 62.3 Previous day 63.1 Month ago_. 69.2 ey sy s 213 217 234 389 49.5 193 435 345 35.0 35.1 52.7 54.0 316 53.7 30.2 434 557 8.7 239 169 -146.9153.9 184.3 157.7 1927 low.... 51.6 953 618 61.8 45.0 456 491 716 5.3 417 728 (Compiled by the Asscciated Press.) BY VICTOR EUBANK, Associated Press Financiai Writer NEW YORK, Nov. 29.—A little sup- port for-rails brought much-needed help for the stock market in general today and early declines running to more than 2 points were reduced at the tail end of the session. Aiding the carriers were intimations from Washington, coincident with the start of rate hearings, that a resump- tion ‘of governmental lending to the transportation systems might be in order. The statement of President Budd that the railways could spend as much as $900,000,000 for improved plant and equipment in the next ‘sev- eral years, if their credit was strengt ened by adequate earnings, was a sus- taining influence. Steels and motors were weak at the start, but did better later. This week's steel mill operations were estimated off 1.4 points at 29.6 per cent of ca- pacity, a new low mark since Decem- ber, 1934. A comeback in production was fooked for by some in the near future. The President’s housin gmessage tn Congress apparently failed as a prime market stimulator, largely, it was said, because it had been discounted partly by the week-end rally. This rally also inspired profit selling of stocks in the morning, brokers said. Dealings were comparatively slow throughout. transfers approximating 1,100,000 shares. In connection with the presidential recommendations on home construc- tion, it was noted the Chief Executive, while urging liberalization of laws through which the Government par- ticipates in private financing for hous- ing, warned that co-operation of in- dustry and labor was necessary for reduction of costs. Recent strong building material stocks were mostly lower. NEW YORK COTTON By the Associated Press. NEW YORK, Nov. 29.—Cotton re- versed last week's trend today and eased under moderately increased hedge selling and scattered liquida- tion promoted by the heavy tone of the stock market and poer demand for spot cotton and textiles. March sold off from 8.13 to 8.03 and in midafternoon was quoted at 803, with prices generally 8 to 12 points lower. Futures closed steady Hig January __ March Cottonseed Oil. Bleachable cottonseed oil futures closed barely steady. 5 to 9 lower. Sales, 87 contracts. December, 7.05b; March, 7.06b; May, 7.10; July, 7.11b. B—Bid. New Orleans NEW ORLEANS. Nov. 2 lost 2 to 4 points on initial dealings h today under hedging and a little liquida- tion Liverpool cables were a point or two under expectations and there was little incentive to transact new business in ad- vance of the final Government crop report due_next week December opened at & 817 bid. March at & July at K.26 and Octaber at Desultory selling continued after the start and toward the end of the first half hour active positions were 5 to 7 points net_lower. Cottonseed oil opened steady: December 6.58b; January. .60b; March. 6.61b, May, 6.63b; July, 6.85b. b—Bid. CHICAGO GRAIN By the Associated Press. CHICAGO. Nov. 29.—Helped by a big decrease in the United States vis- ible supply total and by a decided falling off in the amount of wheat afloat for importing countries, wheat prices averaged higher late today. ‘The visible supply decrease was 4,501 - 000 bushels, against 492,000 bushels decrease a year ago. December wheat, which was weak- est in early trading, led the upturn. Tomorrow will be the first day for notices of intentions to deliver wheat here on December contracts. At the close Chicago wheat futures were unchanged to % higher com- pared with Saturday’s finish, Decem- ber, 907s-91; May, 8975-90; Corn, 1a-1%% down, December, 5213-5234; May, 56-56'x, and oats, !5 off to % up. Close. 007591 RA74-00 LB31a-1 ) bid. January at May_ at 8.2 Chlcun (‘uh Marlfl. Cash wheat, No. 3 red. garlicky, 88: No. 4 hard, 88'z; corn, No. 3 mixed, 51%-53%; No. 1 yellow, new and old mixed, 55'%; No. 2 white, 54-54%; oats, No. 1 white, 32%; no rye; soy beans, No, 2 yellow, 92%; sample grade, 89; barley feed, 38-60; malting, 75-85; timothy, 2.50-2.85; red clover, 27.50-32.50; sweet, 7.75-8.50. Winnivez Prices. AVINNIPEG, Nov. 20 (P.—Grain range 23 - o enne BaonSanoR e wmne - 9% 28% Kennecott (2a) 5% Keystone S&W 19% Kimb-Clark (1a) 1% Kinney (G R)_, 12 Kinney prpf _ 4 Kresge Dept Strs 151 Kresge (S S) 1.20g 24% Kress (SH) (1.60) _ 14% Kroger Groc (1.60) 13 Lambert (2) S 9% Lee Rub & T 1.60g ., c u“ l.ehlrh Port m NEW YORK, Nov. 20.—The Treas- ury’s monetary gold stock turned down in the week ended November 24 for the first time in many months. The gold stock, reported by the PFederal Reserve Bank's credit state- ment, compared as follows: Week ended Nov. 24 $12,774,000,000 ous week __ despite the current business recession, the weekly report states, adding that the usual demand for food and other Thanksgiving specialties also stimu- lated certain branches of retail dis- tribution. 7, Consol Ofl (.80a) United Business Service today pre- msu 101 Consol Oil pf (§) dicts that December trade will fall| % % Consol Textile (r] ecmewhat below a year ago over the :;: ’2‘;5::{:’?’.:{,‘,‘,'2{":, cauntry as a whole, will be ahead % 1 Contl Baking B. of any year from 1 [3 ; Yo, 19359 €93, 40k Contl Cad (3) Consol Afrcraft __. Consol Edison (2)_. Consol Edis pf (5)-- Consol Film . ... ll‘ €onsol Filmpf . 3% Cons Laundries ___. stocks in the New York City market|® ook 880 egain registered declines during the Tt o B 5 Provarc " | T0BACCO AVERAGE HIGHER. The aggregate®value of 20 leading _ NEW_ YORK, Nov. 20 (#).—Average fire and casualty insurance issues on | price of U. 8. type 13, grade B4F, flue- November 26 totaled $497,645,000, | cured tobseco for the week ended No- compared with $512,373,000 at the | vember 27 advanced to 23.8 cents a close of the previous week, & of $14, or 2.87 per cent, decreage | pound 23.6 cents in the preced- mfim«mun,mm The by ) nt aversge yicld of the @ .—Wheat, No. winter. spot, domestic, llrl kyy B0o% November. Do k-2