Evening Star Newspaper, January 8, 1942, Page 22

THE EVENING STAR, WASHINGTON, D. C, THURSDAY, JANUARY 8, 1942. . FINANCIAL. A—-20 x "FINANCIAL. Junior Bankers Hold Midwinter Meefing | Stock Midwinter Meeling OCKS (By Private Wire Direst to The Star) H H Bales—e n tducation Drive A 00 High Low Close Chee. . Abb'ttLab 1.60a 1 49 9% 49l + % 3 AcmoSteelds _ 1 47 4% 4T + 1} National Secretary AdamsExp 608 6 7w T Tia Addressog'ph 1. 1 11t 1% 11t — And Others Address Air Reductn 1a_ 19 373, 361; 36!z — 5 B Alr-WayElee __ 31 4, 14 Banking Institute AlaskaJuneau © 20 2u 2 2+ %4 AllghanyCorp 24 % A’ & e Al'g'yS30Dtww b By B Bty — By EDWARD C. STON [Alwylud2ase 2 22 21% 21%— Nearly 100 officers, faculty mem- AllenIndusl .. 1 5 B8 bers, governors, consuls and com- | Allge‘ Chem 6s 1 146% 146% 146% — mittee chairmen of Washington | Alld Milis 1.355 5 137 13% 13— Chapter, American Institute of (fliefStorss - 8 3% Bl 8%+ Banking, attended the midyear etu- | ;. cn 1505 . 12 29 283, 29 - cational dinner meeting last night | pjpna pC2g 1 17% 17% 17%— at the Continental Hotel, heard a | amera - 352 b2 b2°-1 vigorous plea for banking education | AmAgCh1.20a 1 21 21 21 «+ and the complete details regarding | | :m ;lr::-’:.n‘r;; : 43‘ 4;;. 4;:,, 5 m Bank N . 5 T Ty T+ acconcRasmmestis coMIses. tAmBKNDE3. 100 461, 46'2 4613+ Ly Floyd W. Larson of New York, | v " national secretary of the institute, |, my,g220g was the guest speaker. He gave an inspirational talk. A native of | Minneapolis, he is a graduate of | the Alexander Hamilton Institute, American Institute of Banking, and for 10 years was employed by the | Federal Reserve Bank of Minne- apolis, advancing from messenger to transit manager. He has been in the institute head office since 1937, 2 3 Am Cable &R __ 30 AmCand 14 Am Car& P ls__ |Amcarnt7 AmCh&C2g _ Am Chicle 43 __ Am Colorty .60_. Am Comel Alco Am Cryst 8 50e | tAm CrySp16 170 { Am & For Pw 7 2 1 1 1 2 2 Kenneth Birgfeld. chairman of | A&TH 1‘;: ot the Educational Committee, pre- | 0% Fp .. sided. and brief remarks were made | ym ‘Hawa'n 5o by John M. Christie, chapter presi- l,,. Hide & Lea dent. The District Bankers’ Asso- | Am Home 2.40s ciation was represented by the |Am Ice president. T. Stanley Holland, and | Am Internatl the institute faculty by Eliot H.| :"‘ 1[2‘“"";‘}' Thomson, the dean, who was given | ™ toc Pl % - : mMac &Fy 50 a royal greeting after a long illness. Am Ma & Met Seaboard Firm Changes Hands. Am Metal 1.508 = TAm Mei pt 6 W. A. Thompson of Los Aungeles ., n.ul) xo today announced purchase of con-| spm pwa Lt 4 trolling interest in the Seaboard a paL sspf 94k 4 Finance Corp., of Washington, which | A P&Ls6 1.1 4 Am Radiator 86 35 AmRollM140 11 11% 1 v tAm RM D 4.50 190 56" 2 b “ Am Saf Razb0g 2 [ “ Am Sm&R 3 508 1% v, AmSieel F2n 10 18 b 18 1 Am Sue Ref 5 W Am Sum Tob 1 _ Am Tel & Tel 9 Am Tobac 4.50¢ Am Tob B 4 508 Am Tobac pf 6 _ Am Type Found. Am Viseose Ix _ Am Vicose pf 5 Am Wat Works is located in the Southern Bulldln!.‘ ‘The firm was founded by Scott B.| B. Appleby many vears ago and con- | tro!s 20 offices in nine Eastern and Midwestern States. The other Seaboard officers are Paul A. Appleby, president; James | M. Johnston. vice president: W. W. Roach, secretary and treasurer: W. B. Davis, jr, assistant secretary Prost, Myers & Towers, counsel. Offi- cers and employes are to be retained and headquarters will remain here. The purchase will increase the num- —bh s Y B ber of offices operated by the Na- Am “:Wlnn ok tional Punding Corp. to 45 ::‘:‘;':‘ Pl Seaboard preferred aad common stock is widelv held in Washington Net earnings for the year ended Sep- tember 30 were the largest on rec- ord, D. C. Furniture Sales Climb, Retail furniture sales in the Dis- trict of Columbia in November were 33 per cent ahead of the same month a vear ago and in the first 11 months of 1941 were 35 per cent higher than in the same 1940 period, the Federal Reserve Bank of Rich- Anaconda 2 508 Anchor HG .00g Armour Tit Arm Tl pr 1.3 Armst'g C Arnold Cor Artioom 7357 Ass0cDG 151 6 AChT&SFle Aich T&SF pf & AtlCoastL 1z _ Atl Refining 1a Atlas Corp pf Atlas Tack 308 Aviat'n Cp .15¢ % 1 mond states in the monthly re- . 3 Baldwin Loetts 16 By view received here today. The re- I port covered seven important Baito& Ohiopt 6 W Washington stores. Sales of 40 stores ir the fifth dis- trict were up 13 per cent in No- Bangor & Ar'tk iBangor & A p! 200 Barker Bros 1z 3 e 14 " vember and 26 per cent in the 11 'BarkBpf275 70 2 : months, the report said. Washing- | painsren 1 oss 1 | e ton made the best gains in thiS peatrice € 1a 1 % #rea both in November and the 11 Bendix Aviat4g 10 3 months BeneficL1.70s. & e The survev savs that automobile Beth Steel®g 2 12 sales in Washington in the 11 Bisclow-Sans 4 menths of 1941 totaled 23948 cars, | Black&AD1.50g 2 i against 26.548 in the like 1940 period, Bl¥-Knox 5 ' oeing Airplane 1 ' & gain of 9 per cent. In November porien'co1 4ng 25 % alone sales reached only 1.157 cars. porg-warn 2g 3 Ay a drop of €0 per cent, the decline Rrew Corp 2 . being due to many different causes. WridgeportBr1. 2 i Bank Debits Up 20 Per Cent. el v 1 . : . Bristol-M240a 3 -1 Bank cdebits In the Capital in goo0”oo 0”7 % November. 1241, tctaled $363,843.000. Rkisn Un Gas _ 1 a slump from the previous month ' Buevrus-Elg _. 2 of 12 per cont but 2n upturn of 20 Budd Mfx 3 + % per cent from November, 1940, the ‘BudoMfzpf 30 s Budd Whi 1.05¢ Bullard C = 50 Bulova Wat %a Burl'n M 1.508 Burl'n M pf2.75 Burr's A M 70g Bush Terminal . Butte Copper __ ByersAMCo _. Byron Jack 1z _ Callahan Zine Calumet&Hec 1. Campb W 1 A0g Canada D 60s Canadian Pac Capital Adm A Ar'rs&G 2258 survey reveals e Loans to business and agriculture by 41 reporting banks in the fifth climbed from $137.400.000 on De- cember 11. 1940, to $161.683.000 on December 10, 1941. There were only fifth district 31 a vear ago. $136.000, compared with $769,000 in November. 1940. From October to November em- plovment in the Capital showed a pay roll gain in numbers of 0.7 per cent and in amount of 0.7 per cent. 1s -1 % e n 17 failures in the in November, against with liabilities of . 1 s Bales— Sales— Stock and Add Net | Stock and Add Dividend Rate. 00 High Low Close Chee. | Dividend Rate. 00 High Low 2.4 Chee DelLack&Wn_. 17 4'a 3» 4 Nat Biscuit pf 7. 1 164% 164% 16455 + 213 DenRGWDIr . 2 la Y+ & |NatB&S.60a. 1 13'; 13's 1313— 1y Det Edison .35e. 22 181 17% 177 — 13 | NatCan.258 _ 1 4% 4% 4%+ 4 Devoe&Reyn 1 490 16% +2%s | NatCashReg 1a. 2 12% 12% 12+ % Diam'd M 1.508. 1 NatCylGas.80. 4 8% 815 Diam T Mot 1 1 Nat Dairy 80__. 10 R 10 Distill C-8h2.22 6 NatDeptStr _ 1 4in Dixie-Vor 758 . 1 Nat Distillers 2 '6 2|l. 21% 1Dixie-V A 2.50. 60 NatGyps 408 7 413 4% Doehler Die 1a . 2 NaLGIP DI4.50 40 62 62 Dome Minesh2_ 16 | Nat Lead 50a 19 3 Douglas Air 6§ 1 684 —1 | Nat Malle1.75¢. 2 DowChem3 __. 6121% 120 120 -1 |NatPwraLight. 4 Duplan8.60g.. 2 813 8 R — 13 -6 Du Pont 7¢ 16 138 136% 136% —2% 2 6 25% 24% 24%— % | NABSYDI 894k 1 Eastn Roll Mills. 2 2% 2% Nat Tea Co [ Eastm'nKod 6a 4 1405 140 140 — 5 | Nelsmerpf 475 10 2% +1% Eaton M{g3 _. 2 31'; 314 31— 3 [Newm'tMin2¢ 2 27% 274 -1k Bl Auto-Lite3.. 1 23 22% | Newp't Ind 758 63 Elec Boat 00g _ 13 123 — % | Newpt N 8 2.508 | Elec&M'cal .06e 20 NYAIrBrig . ElecPwr&lt 33 NY Central ___. | B &L 7pt 1 NY ChiaStL El Stor B 1 NY Chi&St L of . ‘ Eng PubServ___ 6 NY C Omnib 2 tEng PSDI6__. 10 NY¥ Dock pf | Equit 0 Blde - 3 NYNH&Hr | Erie RR - 26 NY Shipbldg 3, tEre RR ctfs __ 995 No Am Avia 28 ErieRRDIA __ 20 No Am Co Eureka VacC _. NA3 47Dt | Evans Products - Ex-Cell-O 2.60¢ . Pajardo Sug 2__ | No Am 67 pt 3. | Northern Pac i Norw Phar .90¢ Fed Mogul (1) __ Ohio OU 508 Pirestone . Omnibus Corp 5 + % | Pirestone T ot 6. 1Omnibus pf 8_. 33 6 Pirst NS 2.50 Otis Elev 1g ___ - W Flintkote 1 e Otis Steel 13 + % 1Follansbee pt _ otisSil1st11g 1 11 Foster Wheeler_ Ow-1IGI 2,508 & - % | ¥rancisco Sug tPacific Coast 30 Freeport 8ul 2 _ -% Pruehauf T1.40_ | Pac Lighting 3 . 2 + % Gabriel A Gurr (Rb) 288 Pae Mills 505 2 5 tGamew'll 2. 25g | tPac T& T T . 10100 100 100 Gar WoodIn .40 | tPac TAT DI 6 . 20 148 148 148 GenATr3s ___ | Pacific Tin 708 51 2t 28 213~ 4 Gen Bak 458 . Packard M 105 44 213 24 213+ 1Gen Bak pf 8 PanAmAirlg 12 15 15 +% Gen Canle 5 Pan Am Pet . 2 815 815 Gen Cablen . Fanhandie 5 e Sen Elec .3 ,, | Paramne 2 o Gen Foots i3 Parainpf4 10 93 99+ Gen Gas & El A ParamtPic 908 20 14% 145 143 Paramt 1st 6 2 B 1Gen G&E ev pf | Gen Milis 4 x1 1Gen Mills {5100 Gen Mot 3758 126 Gen Motor pf 5 _ Gen Pr Ink 05g en Ry Sig 1z _ Gen Refr 1.40g Gen Shoe 1Gen SCp! 1.50817 Gen Theatre 1 Gen Tire&R 1 | Gillette SR 458 Glidden 1.5%¢ Gobel Adolf | GoodrichBF 2g GoodrichBF pf 5 Goody'r 1.7 otham stlk H 1Gotham pf 7 Graham-Paige Granby C 60 Granite City Grt Nor pt 10914 109 Param 2d pf .60 3 13 | Park & Tiltora |Park UM .108 - Parke Davis 40e | Patino M 2.158 Penick&Ford 4 | Penney (JC) 3a | Penn RR 2¢ PeoplesGLAC 4 | Pepsi-Cola 2 508 Pere Marquette tPere Mara pf 1Pere Mar pr pt Pet Milk 1 Phips Dge 1.508 Phils Co 67 pf 3 Philip Mor 3a Phillips Pet 2 Pillsbury FI 1 Pitts Coal Pitts Coal pf Pitts Coke 508 Pitts Forging 1 4 41 2 4 100 P Pitts Screw .60 GiNorOre et 2g Pitts Steel GriWn Sug 2 tPitts Steel pf B GreenHL2a __ Greyhound 1a ;P SSS.DII;"..':' ey Plym O1l 1.20a G M&O pf 2 50g tHack W pfl 75 THamilt W pt & Harb-Wikr 1.50 HayesM/zC Hazel-Atlas G 5. Hecker Pr 60 __ Hercules P 3g Hershey Choc 3 Holland Fur 2a Holly Sug .25¢ Homestake 4 50 Houd-H(A) 2.50 Houd-H B 1.50¢ Houston Of! Hudson Bay h?, Hudson & M pf Hudson Motor Hupp Motor r__. | Tllinois Central . Tllinois Cent pt. 11! C lxd lins 4 Indap P&L 160 IndusRas 2 508 Ingersoll-R 7g - Inland Stl 48 Inspiration C 1 i1nterch pf 6 Poor & Co B Pressed St Car Procter &G * Pub § NJ 1.9 1Pub Sv NJ pt 8 Pullman 1a Pure Oil 50 Pure Oil Bt 5 Purity Bk 1.20g Radio Corp 20e Radio cv pf3.50 Radio-Keith Ox Rayonier .7 Ravonier pf 3. Reading Co 1 Reading 2d pf 2 iReal S H pf 2% Reming R Republic TRep Sticv pf 6 Rep Stinf A6 Revere Copper YRevCpf 17 PReynolds Metals Rey 8pr %5% Rey TobB 2.10g Intrcontl R 40g l::erl-kr 7 Roan Ante 8¢ Intl Bus Ma 6a . Rustless I&S 60 Intl Harv Safeway 5trs 3a IntlHydr EA __ Intl Mercan M Intl Min&Chem Intl Nick Can 2 Intl Pa & Pw ItlP&PDE +1Intl RCA pf 58 Intl Salt ! 1Intl Shoe 45e IntiTel & T Intl TATPor efs *Interst DS pt 7 Isld Crk C 2.50¢ JarvisWB1.1 Jewel Tea 2.40 Jewel Tpf 425 Johns-Man tJohns-M pf Jones&Laul 3 Joy Mfg Co 1.20 ‘Safeway Spf 5 St Joseph Ld 2 StL-San Franr StL-8Fpfr Savage A 131¢ Schenley D 1g - Seab'd AirLr _ Seabd ALpfr . Seab’o Ofl 1 Sears Roeb 3a Servel Inc 1 Sharp & D 208 Sheaffer P 2a Shell Un Oil 18 Stiver Kinz 40 Simmons 2g Sloss-Sheff fx Smith A O 508 Smith & Cor Socony-Vac 50g 1 2 1 9 2 1 1 6 1 a 0 1 In November, 1941, Washington |CaterpiliarT2 3 i . " : : o id .20y led the fifth district in building Ctlanese? 7 EtlauasBlo 80 S its i i i~ Celotex Corp 1a. 2 1, KansCity So So Por R § .23e permits issued with $1.691.670, fol- CintAGHiiE0E. & 1y Kelses-H (A) 48 S0 Cal Ed 1.508 lowed by Baltimore with $1460424. coniraipary . 1 Keisey-H B SonNatG1. . Store Sales Revea! Increase. Cent Violeta 18 12 Kmn‘mu 3 'I"» :o_n :‘?:e"v 2 The Richmond bark says that CorrodePacle S by il Rt ReT i ot £ales in 79 department stores in the | Ctrtain-teedPr B e SH 100 So'nRyM&O . 1 4 fifth district in November totaled cn:’ ;‘Ohm = U ¥ | Rroger Groe 2 Spks Withingt'n 1 $19.410971. A gain of 16 per cent ChSTIND 4 » Lambert C 150 Spear & Co 5 over November, 1340. Furniture | cpic v western 1 Leh Valiey Coal - SpencerK 1.70s. 1 #ales totaled $1.659,691. Cni Grt W pf 3 15 Leh Val Coal pr_ B;trr! Cuor:li‘r_‘ ;‘.‘ The average price of tobacco per | ChiPn Tool 50 3 14 | Leh Valley RR __ i » 100 pounds was $26.38, against $1443 ChiPTevpf3 2 3, Lehman Cola Spiesel Inc .15 6 W 4 22 Lehn & F 1.608 Di-zelpf 4.50 60 4315 43 & year ago, a jump of 83 per cent. | ChiRI&P6pfr 1 Iarierstes Squibb (ER) pf 1113 113 The review says November's dis- | ChiRI&PIorplr 2 * | bb-0-P 3508 Std Brands 40a 18 5 4% tributon of goods to consumers | 'C):cll:('n»’bfll 10 T Uib McN&L 3 StdBrpf4.50 _ 1110 110 bulked large in dollars but was due | cprvier 6e pry Zih LifeSav1.60a _ StdGaESept 1 I 1%+ more to higher prices than physical | ¢j: 20 15 Lig & Myers 4a Std GKESTprof 5 1% [N . 7 dP phy CityI&P1.20.. 1 o et Std Ofl Cal 1a. 17 3 volume of trade Clark Ea 3.25¢ . 1 ~ 14| Lise . S os : ~ e szme situation applied to a ClimaxM1-ea 6 = & LimaLocoda 2 24 = maoimine o R gain of 28 per cent in wholesale CluettPby3z . 2 | Libn Ol gl o i 0 Coca-Col: 16 LiaCarbonic 18- 3 15 147 StdoOh 1508 1 trade, the review adds. c:; C":;I‘i 1 Lockheed A 28 — 15 23'a 228 — 3, Starr'tLS4.2 2 (A B A Approves Loan Plea. | Coaier-pinn 2 e e B et enry . Koeneke, president of Collins& Alk3e 2 — 15 | Loew's ‘15 + { 5% o = the American Bankers Association, | tCollins&A pf5 17 3 13“{::11?3. : o 1:::::‘;‘;0.'60': : in Washington today, heartily ap- ColoF&Ita . 1 167 16 e eaiPiz0l 7 10 10 Studebaker 11 proved the plea of Jesse Jones that SOBC (A 2e - 1 13 11 }::‘j | VLoriliara pf7 . 80144 143 143 | sunshineMin1_ & the banks grant all possible war CoitIGRR i 48" 1% des 11k \Lm,(mg“ 50- 3 18 18 1Rl + 1, | Superheaterla_ 3 defense credit by seeking to in-'coGaEpras. 2 | Louis&N7e __ 3 70 | Super ou 058 1 crease loans. Columbia Pie 2 % | M'And&For2a . 1 \g“"f&‘&’fifu‘ l"’ For many months the banks of | Colum Ppr2.75 1 Mtk Trcude ¢ [ s H the country have been making every ComciCredit3 . 23 N5 | MARCY; 5 Sym-Gould 18 4 effort to extend such loans. Indi- | CemclInvTr3 13 %| lendtaes - 3 vidual banks have granted every Come!Solv 55r 14 i e gl [ Tesascods i 20 idua BT & .| ComwiEd1.80 . 11 Y ‘ *Mark 8 R pr pf 1870 | TexGuif P .10g. 3 loan possible and have participated ' oo o5 | 15 4 | MarshallP 1.308 1 Tex GlfSulp 21 2 with other banks in extending War | comwrsoofa 11 Mart'n Glenn 3g 10 Tex P C&O0 408 17 credit. | Conde Nast 40e 2 Martin-Parry _. 2 Tex PacLT .108 2 The bankers are “all out” in their | Consol Air 4= 23 M-s;::u s ’l- | Tex & Pac n'-;, 3 support of the war, Mr. Koeneke | {ConsCsrof7.. 10 B [ = and will continue full co-oper- | €ons Cop 75x . 1 D 5 [Inadel BLe— 20 Consol Ed 1 808. 46 12 | McCall Co 1.40- 12 Thermold .60 ¢ ation onsol B4 pf b 4 | McCrory Sts 1a_ 2 Third Avenue __ 59 Ad K Consol Ed p 1 N | Rover To Address Bankers. Cons Filmpf 1g. 3 1 | McGraw E12a 1 | Thompson J R 1 Leo A. Rover, former D. C. district | consoion 50 50 | M'Inty P h2. 3 ThomProd 2.508 1 atiorney. will address & jont meet- |Con RR Cubant 2 TEaET Tease o ing of the safe deposit section and |Containerl.sug. 2 cLellan 8 .608. omp-Star pf . o rict | Contl Baking . 3 14 | Mead Crp 788 - 2 TideWAOIl 1x 6 the auditors' section of the District c::ucnnz 1 1 | Melvilie Shoe 28 2 TideWAOD!4.50. 1 Bankers Association at a dinner cealibid1 1 Mengel Co 508 1 Timk-Det 38 H meeting this evening at the Lee -0 ., Voo, 7 1, | TMeng 5 pf 2.50 30 | TimkR B 4,258 6 8heraton Hotel. Contl Mot 108 16 1, Merch&M Triz 15 | Transamer 50 . 2 In lively trading on the Washing- | contl,0il 1 21 15 | Mesta Mach .75e | |Tran&wi1s0s 2 ton Stock Exchange today, 60 shares | +Corn Ex 2.40 210 15 | Miami Cop 255 1 5% & | 20th Cent-Fox . 6 of Washington Gggs common sold at |Corn Prod3 . 9 ? Mid-Cont 1.158. 10 14 14 14y | TwinCityRT 5 18 end 100 at 177,. Lanston Mono- | fCornPropf7_. 60164 164 164 -2 |Midland8u3g . 1 2013 201 200+ 4 | 1Tw City RT pf 180 Coty Ina 508 1 3% 3% 3% Midi S 15t pf 8. 10 100 “ 100 100 Twn Coach 368 | type sold at 22, up a full point. Mer- o diteagtl . % li Minn-Hon R 2 37 | ona-e-p 3508 3 genthaler Linotype was strong, 43| .7 "o n 13% 13i¢ — % | Minp-Molmp 2 21, {UnBaz&P1 6 tCranecvpf5 2 9 92 | Min-Mo pi i | bide .75e 19 7313 T T shares moving at 29, a new high. | ¢, ot 1 Mo pf6.50k. 1 607 | Un carl Real Estate Mortgage & GUAT- | Cream of W1.60 14 14 — y | Misson Co 4 114 TUNEM pf4.50 50107 107 107 preferred appeared. on the | crown C&s 1= 18 I8 — 13| Mo-Kans-Tex . 2 & | UnionoilCAll x 1 13 13% 13% + 1 : 0% 41 —1% | Mn-Kll;.l Lpzr - lg 1'-2’:1 | Union PacifieB 5 69% 69 69 — 13 sale this year. A single share of |CrownZel' 11t ST s s | Monewk O £ 2 Utd Airc4gexrts 18 347 34% 343 Ni 1 s | Crucible 811 1¢ 323 33 — 15 MonsantoCh3s & 90k | Utd Arcraftpf 3 4510113100 101 — 1, Riggs National Bank common b w'd.50e 13 26 | Crucibie 8tl pt B 81y 7815 | Montg W'd .50e .13 2 UAircrisJan 13584 » & &= & changed hands at 260 and 15 shares | [0\ 'pp pr 11 1103 — 14 "Mor & E3.875 830 27l | Ud Air Lines 2 10% 108 10% of Capital Transit sold at 17%, UP | cupan-AmSus 7 Th% 7l4+ 1| Mot Wheel1.60. 1 11'z 1Utd Bisepf 5 10 1071, 107'5 1071y one-half. | *Cuneo P pf 4.50 40 98 98 | Mullr Brs 2258 6 237 Utd Carbon 3 1 381 38 381 Employes May Accept Bonds. Curtis Publish _ 2 % % | *Mullins pf8.258 10 55 United Corp 13 %, M Bank employes may accept United CurtPorpt3.. 1 17% 17% — x. MurphyGC# - 1 69 - | United Corppt_. 22 15% 14% 15'/. - % States Defense savings bonds as|Curtiss-Wrig - 19 83 8% — 14 [ Mur'y Cro 50 3 5 United Drug 5 5 4's 4% payment for overtime work, ac- |Curtsis-WrAzZs. 5 2513 25' - % | MyersFE4.755. 1 36% tULDyDI5.255. 30 44 43 43 +1% cording to a ruling recently an- | Cutier-H1.50s_. 1 16% 16% 16% Nabco Liquidatg 1 1% UtdBlecCoal _. 1 4% 4% 4%— % Davison C 608 10% 10% 10% + 1 | Nash-Kel 3758 17 37a United Pruité . 2 69 69 69 — % nounced under the provisions of P! 1DayP&LDI4.50. ln 110 110 110 -24 | tNashC&SL2g. 10 194 UldGasim 80 46 5% 5% 5% -t the wage-hour law. Payment in|pece, Rec.60n. 8 8 8 — i |NatAcme2sp _ 2 17% UtdGasTpf5 - 11034 105 105% +1% konds is optional with employes and | Deeve & Co 26 lfi 22% 22 224 NatAuPDfr60. 1 6 Dtd M&M 758 . 2 13% 13'% 13% - 4 Bot compulsory, the ruling adds. Dllhludlnn“ 9 8% 84 8%— % NatBucunnl80 6 15% Utd Paperboard. 1 3% 3% 3% L4 | Wheeling 8t1 25 * Willys-Over pf T0OTM. 320000 200 PAC - Conmum Fwr 31 S el e G e Continental Oil 245 48 n) rading s ” printed in full. r In bankrupicy or reesiver- Cuba Northern 5las 42 | <hip or beinz reorganized under Bankruptey Cuba Northn 555 42 etf | tion extra dividends are | Woolworth 2¢ _ 1West PAED! 6 70 93 tWest Pa Epf7. 200 104 W Va P&P 50e_ | Westn Auto 8 2_ WesternUn2s . 8 24% % | CniRI&Pev4aias60 Wihse AB 1.768. 7 Ohi Union Bta 3%as 63 Westinghse bg .. 6 | Chi Union Sta 3% 63__ ‘Westvaco 1 .40 1 | Chi & W Ind ev 45 52 TWh&LE pf 5.50 20 Choc O G en 58 52 White M 1.25¢ White Rock.10§ White Sew Ma__ Wilcox OXG Willys-Overland Wilson & Co _. Worthinston P_. Yellow Trk 1a 1¥ellow Tpt 7 Youns 8&W 1g Yzstwn S&T 3¢ Yestn SD 1758 aith Radio 18 Zonite .158 12 XN Y Avproximate Sales Tedsy o dingiong 11:00 AM . 100,000 = Aci. or securities Danies. Rates of able are annual the last auarteriv Unless othi dividend. xr Ex extras. d Cash or s0 far this vesr last h Pav k Accui this year. Bonds By private wi sear Approximate Dom, Poreign Bonds U 8 Gov't Bonds ilated dividends pa tie Bonds Btock and “Ada Cent Pacific 15t rf 4s 49 Dividend Rate. ‘00 High Low Close Ches. Cent Pacific bs 60 - B3 52, OSPreight 1. 12 10's 10 10's+ % | Cham P & P 4%s 38-50_ 102% 1023, U 8 Gypam 2 3 44 4% 44— % | Ches & 03U E 10215 1021 US HoftzAn 2 6% 64 64+ k| Ches&Ogen4ias92___ 12815 12815 USIndAleola_. 19 33. 31% 33% ~1%2 | Chicaso& Alton 35 49 137 13% U8 Leather A 6 8% Ta Bl % ChiBurl&Quinds58 - 81 804 USPipe&Pdy2a 4 24 23% 23%— 4 | ChiBurl&Quin4%s77. 71 70% USPiywood120x 1 24 24 24 - & |ChiB&Qrisbs7IA . T84 T7% U 8 Rubber 2¢ 1B% 16 16% + “|chiBkQmaiv3iies 88 874 USRub1stpf8. 3 671 67 67 CB&QMdiv 4 - 93 93 |USSmeltaR1s 1 48 4R 48 - »- Chi& Rastn Ilinc97__ 264 26 1valnccrlu - 37 53% 534 53's ChiGreat West 4588 . 63'a 63 US Steelpt 7 3119'3 119% 119% + 14 | Chi Gt West In 4%s 2038 40'5 40 UBSTobse 1.508. § 221 22% 22% -1% | ChiInd&Loubs6f __ United StoresA. 5 % " %+ % |Chilnd&Lgen6s66 tUnivLeaf T4a. 70 51% 51% 51% — "a| CM&StPen3tan89 B Vanadium 1.508 3 19% 19 19' = % | ChiM &St Pgen s 80 _. v-nrmux:m- 1 10% 107 10% ChiM&StP41:589C. | vietorCh 1408 1 24 244 24% — % | CMAStP4%s 39N __ | Va-CaroChptis 2 2213 223 2213 — 1. | ChiMaz 8t P 43.s 89 fValronCACDL. 10 16 16 16 +1% | ChiMi & StPaul5s75_ 10'5 10 Walgreen 160 _ 4 18% 18 18 — 1 |CM&BStPadiba2000_. 2, 214 Walsr'n pt 4.50- 1101% 101% 101% 1% | Chi & N/ gen 3% 87__. 231 2215 Walker Hh¢ _. 4 33 33 33 Chi& NWaenss87 ___ 24% 237 Apfhl. 1415 + 15| Chi& NWendias 87 _ 241, 24k 4 Chi & NW gen 45 87 st 3 Ward BakingA- 4 315 ERES WarnerPic . 28 5% Hhe = 'a| tWarBrevefr 200 208 20' 20% — 1 | Chi& NW cv 4213 49 WarP&P2% . 3 3915 - 115 | Chi & NW 4343 87 Wayne P.30e . 4 12% Chi & NW gen 5s A7 _ | Wess O&S .25 2 19 Chi & NW rf 53 2037 ChiRI& P ref 4534 ChiRI& Pgen 4: 88 ChiRT& P4%a52 A CCC&StLrf4' 877 € C CASIL CWAM 45 91 Cieve Bl Illum 3s 70 | Clev Bhort L 425 61 | Cleve Un Term 412377 _ | Cleve Un Term 55 Cleve Un Terua 5128 73 Colo & South 4125 80 Col G & X 58 52 Aprail___ Col G & 55 52 May Columbla G & E&ebs 61__ | Comel Mackay 69 w w | Comwith Ed 3138 58 Comwith Bd 3758 A8 Conn R Pw 3.8 61 Cons£d N Y 348 46 ConsEd N Y db 3:38 48 Lonnnm—aw ERSTIN 1 9% 390:”,0 Consum Pwr 3138 67 assumed bv such com- | dividend in the foregoing disbursements based on or semi-annusl deciars- erwite noted. special or ot included xd Bx 8 Also extra or stock e Declared or paid 1 Pavable in stock able n Canadian or declared | Cuba RR 1xt 8s 52 Cuba RR 53 52 Cif Cuba RR fs 46 e:fs Cuba RR 7150 46 A Cuba RR 715 46 etfs Del & Hud rf 45 43 Del P& L4t 69 Denver & R G con 43 36_ Den& R G 4'33 38 | Denver 2 RG 51 55 | Den & RG W 55 55 amed |DrnaRGWrEsTs | Detroi: Edicon 3s 70____ | Dot Bdison 312¢ 88 Dow Chem 2141 50 rig] re direct to The Star. Transactions Todey. Duluth 88 & At 5537 _. 1615 | Dugueene Lt 3125 85 ___ 1081, 1081, I mPaSWrIss6s 60 60 Erie RR 15t 45 95 B R6%, = Erie RRgen 4128 20158 51% 50% TREA 's“:ll '!‘-' Close | FiesODeTERAAL . 94 94 21351967-78.—__ 100.4 1004 1004 ;TaBatCitRyBs74.__ 9 9 Ml H PR ECRy S S lothe Ponda JAG 4sf2cifs . 1% lis SG sy 1162 11528 “,'“ Prancicco Susar 6558 _ 72 Gen Steel Cas: 5'.¢49 _ 97 NEW YORK CITY .BONDS. Ga Caro & Nor fs 34 20 35 1930 1054 104 104's Goodrich 4'«s 56 95 FOREIGN Grt Nor Ry 322 67 Argentine 4s 72 Peb e 45 78 April ine 4145 48 Brazil s 41 Brisbane 55 57 Brisbane 5s 58 Buenos Aires 3s 84 Buenos Aires 43a¢ Buen Air 4128 Aug Canada “':c 45 Canada 35 67 Chile 63 60 asad Chile fis 61 Sept assd Chile Mg Pk 65 62 Chile Mg Bk & Colombia 35 70 Colombia 65 61 Jar. Copenhagen 413¢ 53 _ Copennagen bs 52 Cordoba Prov 7s 42 Cuba 4! Cuba blas 45 Denmark 4738 62 Denmark 525 55 Denmark 6s 42 Finland 6s 45 Greek Gov 63 65 Greek Gov 73 fi4 Medeliin 6158 54 Mex 43 1904-54 as Norway 4z 63 Norway 4'23 56 Panama 't 94 A Peru lgt 65 60__ Peru 7d 6s 61 _ Poland 425 68 assd Poland s 47 Porto Alegre 7135 86__ Queensiand 6s 47 Rio de Jan 63+ 53 Rio de Jan 83 46 Rio Gr do Sul 7s 66 Sao Paulo State 6 | 820 Paulo State 7 | Am & For Pwr s Sao Paulo St 85 36 Serbs £5 62 DOMESTIC IONm Abitibi P&P 5s 53 std Alleg Corp 53 48 m; Alleg Corp in Bs 50 Allis Chalm cv 4 B Am 1G Chem 5'¢ Am Tel & Tel 3% 56 Am Tel & Tal 314x Am Type Fdrs ev 5 Am Water Works 65 Ann Arbor 43 95 Armour (Del) 1at 45 55 AT&SFe ad) 43 95 AT&SFgen4s9 Atlanta & Birm 43 AtU&ChAL4 2644 Atlanta & Ch AL 5s 44 . AtlCoast L 1st 4552 __ Atl Coast L elt 43 52_ At Coast L 4735 64 At] Const L 53 45 At] & Dan 15t 43 41 Atl & Dan 2d 4548 _ | Atlantic Refin 3s 5: B& O 1st4s4d | B&O 955 Astd B&Olst4s48atd B&OCv60sstd.. B&OSY; B & O 96s Fstd B & 0 2000 D std B&O PLE&AW Va B & O SW 503 std B & O Toledo 48 59 | Bang & Aroos ev 4s 51 st Bell Tel Pa 53 48 B Beneficial Loan 2348 56 Beth Steel 33 60 Beth Steel 348 65 Beth Steel 338 52 Boston & Maine 4; Boston & NY AL 4385 Bkiyn Ed cn 3Ys 66 Bklyn Un Gas 5s b Bklyn Un Gas 53 &' Buft GE 425 81 Canadian N R 433 Can NR 4138 87 Can N R 53 68 July Can N R 53 69 October Can Nor 6'3s 46 Can Pac db 43 perp. Can Pac 4'28 46 Can Pac 4%s 60 Can Pac bs 44 Can Pac 83 54 Caro Clin & O 43 8! Celanese Corp 38 8 Celotex 433 47 w Cent Br U P 4s 4 Cent Ga cn Bs 45 Cent New Eng 43 6! CentNJds Cent N J gen 53 87 Cent NJ gn s 87 reg. Brazil 625 1926-57 Brazil 6158 1927-57 Brazil CRy Bl 78 52 2 __ 1072 1075 10715 | Metropolitan Ed 425 68 2030 . 66 65 MilNocon 4'2830 49 103ix 103 Mil Spa &NW 4547 - 1081, 10R'y | MBtP&ZSSMecn 4538 Grt Nor Ry 43 482G _ Grt Nor Ry 45 46 H Grt Nor Ry 15t 4' Grt Nor Ry 4128 16 or Ry 4728 77 GriNorRy 5,882 GUIIM&OTef4s75 B GuifM&Oin2015A _. Marlem Riv & P 45 54 Housatonie =n ¢ 37 Hudson Coal 5s A2 A | Hud & Man ine 5 57_ | Hud & Man ret 53 57 | 1l cent 3128 52 MNlinois Central 45 52 Tilinois Central 4 Tllinois Central ref 43 58 Dlinois Central 4748 66 Tiinois Central ref 55 55 Tl Cent Cairo 41 50 1il Cent Lou 325 53 reg. ICC&BILNO4 363 NICChSILNOBsA3A Ind & Lousville 45 56 Int Gri Nor 55 56 B _ | Int Grt Nor Bs 58 C Int Grt Nor 1st fs 52 Int Hydro Elee 61 44____ Int Ry of C A 53 72 IntRyof CA 65147 LI 61 24'¢ 85 94 It T&T4 62 PPN Int T & T 58 65 45 |KansCit FiS&A M 4536 4213 KCPSaMriasiber. 41 Kansas City So rf 55 50 683, Kaneas City Term 48 60 108%, 108+, Kings CoLt 5854 106 106'¢ - Laclede Gas s 29 98 98 sd_ . Laclede Gias 55 42 Laciede Gas 5'28 53 Laclede Gas 53860 D _ Lake B& W 3c47 Lautaro Nitra = Leh Val Coal 55 64 std _ Leh Val Coal 55 74 std _ Lehigh Val Har 6x 54 Leh Val N Y 4135 50 Val RR 45 2003 std R cn 4133 2003 std. Leh V RR 55 2003 std | Ligg & Myers 55 51 | Lonk Dock 3743 50 ! Lorillard 5s 51 Lorillard 7s 44 Loutsiana & ATk 65 69 Louisville G & E 3138 66 Lou & Nash 4155 2003__ L &N 80 Mon Jt 43 52 | Mc Kesson & m 3135 56 Maine Cent RR 43 45 Maine Cent RR 433 60 | Manati Bugar 45 57 sd 6n_ 40 0d BL___ 1081 M 8t P & SSM 52 35 gtd 0 105 IMOK&TIst4s90_ 107 MoK & T 43 62 BN MoK &T4!578_ 1047, | MOK&TEs62A sd___ K8 MoK & Tadj5s 67 _ 5 1080 Missour! Pacific 43 75 33.__ 16 Missour! Pacifie 53 65 A _ 100!y Missouri Pacific 53 77 P 101 Missour! Pacific s 78 G . R1% | Missouri Pacific 55 80 H._ Missourd Pacific 5s 811 . Missour Pac 58 81 Tetf Missouri Pacific 5las 49 8. ‘Mohawk & M 4s 91 46's 463 Mont Pwr 334 66 10478 104% 3. | Montr Tram 55 41 801 80 | Morris & Bs 3128 2000__ 383 381, | Morris & Es 4120 85 36 341, | Morris & Bs 5s 55 39% 38k Natl Dairy 3%s 60 1045 10414 National Steel 35 65 _. 104 104 New Eng RR 43 45 60 59 NewOrlP8bs858 _ _ 105 105 s New Orl Ter 15t 43 53 4 - 44y NewOT & M inc 391, 391y 48 NewOrl TEMBs54B . 401, 4015 513 NOT&MBI56C - 40 - 1073 WY Central 3%s 52 57 97 N Y Central 3142 97 T8 - 3 N Y Central 33546 _ [ N ¥ Central con 41 98 54a 1041 N Y Central 4145 2013 A 50's 2870, 391, N Y Central ref 55 2013 56 16 | NYCMichC3as98 __ 5115 N Y Chi& Bt L 4478 64l 0 NYChidsBtLs 7 7B N Y Conn 15t 3'25 65 . 100 100 NYDoskdsb1 61 6074 N Y Edison 3%4s 66 108% 108% NYGEH&P4349 _. 11215 112'y 51 N Y & Green Wd 5s 46_ 10 - NYL&Wn1st4s73 53 NYNH&H3%s 47 23% 235 | NYNH& ¥ 3% 54 23% 231, = NYNH&HS 23% 2315 [NYNHEH4s47_ 125 25 NYNH&H 4385 254 24% NYNH&H4s56_ 254 2415 NYNH&N4s57 A% 4% NYNHER4:s567 __ 261y 250 5. NYNH&Hecl 6340 46 45 5 NYNNEHcvOs48 . 297 24 |NYO gon 48 55 s 11 NYO&Wrefds 92 45 A% N Y Steam 3433 63 1061 106}a NYS&Wgenbsd0 . 11% 11% NYS&Wrel5s37. 291, 2915 1 NYW&B4%s46 __ 3% 3% E Niagara Share 5'23 50 _ 1028 102!, North American 4: 59 _ 104' 104 Norn Pacgn 312047 .. 42% 42 ‘fl'fi 1]'« 725. Norn Pac 43 97 53 102% 102, 13% 81 71 T8 88 931 26 634 4015 | Bin 9 41 It @ 101, 231 241, 2‘\4 1081, 60 KT Al 11% 2913 3% 10215 104 42% .17'-‘ .| StLSanFrassoa Norn Pac 4138 2047 5015 Norn Pac 53 2047 C . 54 Norn Pac 58 2047 D_ 55 Norn Pac 68 2047 - 65 Nor States Pwr 348 67_. 1081, Oxden L C 45 48 Ohio Edison 45 67 _ Ok'aG & E4s46 Oreg Wash RR 45 61 Otis Steel 4'as 62 Pacific G & E 3%s 66 _ Pacific G & E 3% 61_ G & E 4564 acific Mo 1st 45 38 Paramount Pict 4s 58 Pennsylvania Co 45 63 |PennO&D4Ys 7T | Penn P& L3135 69 | Penn P& L 415 74 Penn RR 3Y4s 5 Penn RR 3%8 70 Penn RR 4'4s 81 Fenn RR4's 84 B Penn RR 433 60 Penn RR gen 435 65 | Penn RR deb 4135 70 | Penn RR gen 53 68 | Peoples G L& C bx 47 _ Peoria & East 15t 48 80 Pere Marquette 45 56 Pere Marquette 4'55 50 Pere rquette 55 56 | Phelos Dodge 315 52 Philadeiphia Co 4148 61_ 104 Phila Rlec 3135 67 PhilaRC & Ir 58 73 PhilaRC& Ir 6549 __ < 2 100, Phillips Pet 12, 51 1001, PCC&StL4':877 1001 1001, PCC&SIL5s70A 106 106 106 Pitts& WVa4'2s59B . 61, 610 610 Pitts & WVa 4'2s60C_ 61 61 61 nd Gen E4'55 60 - R0° %01, K01, Purity Baking 55 48 ___ 104%, 1041, 1041, Reading Jer C 45 51 _ 069 70 Reading R4'25 907 A . Ri1, K08 0%, ReadingR4':s97B . R11, Rl Republic Steel 4'.556 _ 104 104 Republic St1 515554 _ 1051, 1051, | Revere Copper 3145 60 99 Richfield Oil 4s 52 103 Rio Gr W 1st 4539 _ 4 RIA&T4'3534 Rutland RR 41as 41 SLIMSR&G4s33ct St BPUb Sve b3 69 RM& P 5555 > -1 St L 8an Pr4s 5 8L San Pr4iss 7R StLSP4i78etat St L San Pr 58 50 B SULSW 2d 45 &9 _ St L 8W 55 52 St L SW ref 55 90 BtPESIL 44l 8an A & A Pass 45 43 Seanoard AL 4550 stp__ Beabd AL rf 45 59 cifs 8eaboard A L con fis 45 Seaboard A L 6s 45 et Seabd AL Fla 6535 A ct Shell Union Ol 228 54 Simmons Co 45 52 Socony Vac 3+ 64 Southern Pacific 33 45 Southn Pacific col 45 49 Southn Pacific ref 4 55 Southn Pacific 4135 68 Southn Pacific 4's 69 Southn Pacific 4145 81 80 Pacific Ores 4155 77 . 80 Pacific S F Tel 45 50 Southerr. Railway 45 56 Southern Railway 5s 94 Soutnern Ry gen 6s 56 Southern Ry 6155 56 So Ry Mem div 55 96 SoRyStLdivassl ___ nd Oil N J 35 61 Studebaker cv 65 45 Ter RR A St L 4+ 53 Texas Corp 3 Texas Corp 34 65 Texas & Pacific 55 7 Texas & Pacific s 79 C Texas & Pacific 5= 50 D Thire Avenue 4s 60 ‘1021 510 1051, 4 R4y 80 82 1047 1037 1087, 1081y 10070 1097, 10502 105 1047 1045, 652 63 631, 61 635 64; 100 15 2 10215 1021, 100 160, ax ok R fic 1st 45 47 3 1100 180, United Biscuit 3'55 55 2 1065 1061y Unitea Drug 5553 __ _ 931, 44 U S Steel 1.35< 4 5 10004 1001 U 8 Steel s 4% 105 10 | United Stocksds 91y 941 Utah Power & L 55 44 101 101 | VaRy1 66 __ 10850 10870 Waoash 412 78 C 24 241 15t 5539 ct S0, 82 sh 7d 55 35 et Wabash 5s % Wabash 55 76 Bctasd _ Wabash 55 80 D ct asd Wabash 5':8 75 ctasd - Warner Bros fis 48 Warren Bros 6s 41 Westchester L 58 50 West Penn P 3'as 66 101 11 | West Shore 1a: 45 2361 _ 4T 4T Western Md 15t 4552 _ 90 a0, West Pac 55 46 A i Western Pzec 55 48 A asd 231 24 | Western Union 4125 50 E 2 Weatern Union 5s 51 . R4 85 Western Union 5¢ 60 831 N3t Westinghse Ele¢ 2'4s 51 10104 10118 Wheeling Steel 3125 66 __ ETR 1002 Younsstown 8 & T 45 48 101%¢ Wis Cent 15t gn 45 49 ___ ! Yestwn 8 & T 3045 80 1005 10 101% 101% l} Dividends Announced NEW YORK Jan X —Dividends clared. prepared by Pitch Publishing < Initial. Rate. Pe- Stk of riod. recd 10c ~ 12-26 de- “o West Ohio Gas Basy W M 7 Bangor Hrd Elec Beverly Gas & EI Drugz Strs Elec Cunning Hlnlrl'nll Lowell BI Malden Ele: Michigan Bakeries Moore Drop Porg A1 Warren Ref & Chem Amer Viscose | Color Fuel & Lionel Corp Pacific Lighting Triumph Explos Inc Truax TCa'apf | Truax T Coal 6 pf Chrcago Produce | , CHICAGO. Jan. & Iron 3 1 o | | | 213 pounds and | down. " colored. Plymouth Rock. 20 | | White Rock, 152:- springs, 4 pouat up. )3: Plymouth Rock. 21'2; White . “135: ‘under 4 pounds. coiored. 181a: Plymouth Rock, 21: White Roek. 19: bare- back chickens, 1R: roosters. 15: Leghorn roosters. 14: 'ducks. 412 pounds up, €0 L 1813; white, : small. colored, |3 S ke, 102" pomns “emn” 1 12 pounds. '17: turkeys. toms. ol | 18: youns, over 18 pounds, 14: I8 poun: down, 10 hens. old. 24:'youns. 26: c pounds up. 26: under 7 pounds. | Dressed pouliry. firm: turkeys. | toms. A" grede, under 1% pounds. pounds snd over 29, B grade. %6: toms. 2312; other prices unchanged Butter. recepts. 504.986: firm: cream- Lery. 90 score. 34: 88, 331, 90 centralized | carlots. 341, other price unchanged | * Eaes. receipts, 7.857; steady; market un- young 29: 18 ‘Currency Outstundmg |Reaches Record High | | By the Associated Press. The Treasury calculates that the coin and currency outstanding out- side the Treasury and Federal Re- serve banks on November 30 reached arecord high of $10,639,588.759, or an average of $79.56 for every person in the country. On the similar date in 1940. the total was $8,522,105,461, or $64.32 per capita. Produ;:tioniof' Shoes Declines in November Production of boots, shoes and slippers, the Census Bureau says, dropped to 34,701,613 pairs in No- vember, compared with 45655036 pairs in October. Part of the decline was due to the completion of Gov- ernment orders, and part was due to seasonal factors. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGESIockleadersDown i Fractions fo More :. Than $1 a Share Tax Outlook Depresses Few as Much os $2 to $4 By VICTOR EUBANK, Associated Press Financial Writer NEW YORK, Jan. 8—The course of the stock market was clouded by further tax worries today and lead- ing issues backed down fractions to a poiat, with a few retreating 2 to 4 or so. Selling was never urgent. however, and some of the wider declines wers blamed mainly on the lack of bid- | ders rather than the pressure of | liquidation It was one of the sfowest full ses- sions since the latter part of last October, transfers approximating 500.000 shares Overnight thoughts on the $539,- 000,000,000 National budget chilled the speculative urge to a consider- able extent, brokers said, inasmuch as it was realized a big portion of this unprecedented expense bill for war and other purposes would have to be met by a sharp lift in imposts on both individual and corporate incomes. The effect on earnings and dividends was a question that most analysts were unable to answer Bulleuns from the Far Eastern conflict were far from inspiring marketwise and domestic business developments presented nothing much in the way of outstanding optimism A tumble of more than 4 points in American Telephone was hardly calculated to revive flagging invest- ment spirits. This stock had coma back nearly 20 points from its low established just after the yuletide. Not only taxes were a retardent, but the issue seemed a trifie de- pressed by the approval of the Sen- ate Interstate Commerce Committea of a House bill permitting the Pres- ident to take over wire communica- tions as a defense measure. Coca-Cola went into new low eround for the vear as it was feared sugar tioning might put a dent in the soft drink department Rail Bonds Lead Rise. The bond market had a generally higher appearance with rails taking the leadership Going into the final hour gains of fractions to more than a peint were greatly in the majority and scattered declines were minor, Chicago Grain BY the Asicciated Pre CHICAGO. Jan. 8 —Reports of ine creased amo s of Government, wheat going into commercial trade circulation along with some 1941 grain redeemed by producers from the loan program weakened futures prices here today Profit taking and lowered wheat aboui a cent. with rve and soveans off correspondingly and corn and oats almost 2s much hedging sales Wheat closed -7 cent lower than vesterday. May 128',-123%, July 129%: corn '; down, Moy~ 85',-8574, Julv 87! ,- ofl: rve. 34 Off Kansas City reports indicated pur= chases of Commodity Credit Corp. wheat and of redeemed 1941 grain were on the largest scale so far this season. but not big enough to sug- gest that general liquidation by pro- ducers was uncer way. A move to permit harvesting of volunteer wheat acreage in the Southwest, even though the allotment may be exceeded. also attracted attention. CHICAGO 7 Jan 7 On WHEAT Mav 734 oats, 1 "s-11; lower; sovbeans, Low July 4 Sep! 131% CORN- May 83w Juls S7% 833, Sene Kote mei, Chicage Cash Vlzrket Wheat, sample grade Gurum, 6. sam, Northern' Spring ¢ [ No vellow No PR 5 sample grade veliow 70- te. 80 Oats. No. | mixed. hite. 601 No_ 2. 6013 «: No. 4.35 Barley. ma. nominal- fred and screening Sovbeans. No. 3 yellow 1641, sample grade ve_ low 1 Field seed per hundredweight Tem ton, & ¢ red Slaver Baltimore Stocks Special Dispatch to The Star, BALTIMORE. Jan. § Sales STOCKS. HI!'h Low. Closa, 146 Arundel Corp 15 15 5 Bal Trans Bal Trans ofd () East 100 East Sug pf VT ur 3 Fidelity & Guar Finance Amer A t Ver Wd Mis 111 New-Amster Cas $14500 Bal Tran db 45 A 6000 Bal Trans 5s A Stock Averages 30 15 15 80 Indus. Ralls. Util. Stks. Net change. —6 —2 —8 —§6 Today, close 548 158 26.1 378 Prev. day . 554 160 269 384 Month ago. 543 137 26.7 37.1 Year ago_ . 638 176 353 449 1941-2 high 639 19.0 355 450 1941-2 low. 51.7 134 245 354 1940 high.. 742 205 406 522 1940 low__. 523 13.0 309 370 60-Stock Range Since 1927: 193530, 193 37. 200330, 753 337 169 s (Compiled by the Associatel Press ) Bond Averages 20 10 10 Net change. .6 unc. +.2 Today, close 62.9 1029 100.5 Prev. day - 62.3102.91003 Month ago. 59.1103.8 989 Year ago _ 63.4105.2101.1 1941-2 - high 66.5 105.4 102.2 1941-2 low. 58.3102.7 989 1940 high _ 61.4 1059 100.7 1940 low. .. 48.3 989 903 10 Low-Yield Bonds. Close . 1131 Prev. day. 1131 M'nth ago 1124 Year ago_1139 41-42 high 115.1 41-42 low. 112.1 1940 high 1146 1940 low 1084 10 +8 43.7 429 422 399 514 38.0 535 35.1 (Compiled by the Assoclatel Press.)