Evening star. [volume] (Washington, D.C.) 1854-1972, December 02, 1937, Image 23

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Evening star. [volume], December 02, 1937, Page A-23, Image 23
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume] (Washington, D.C.), 02 Dec. 1937. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1937-12-02/ed-1/seq-23/>

Newspaper Page Text

1 CURB IS STEAMER
' LATE IN SESSION
List Still Shows Marks of
Early Liquidation—Utili
• ties Down.
By the Associated Press.
NEW YORK, Dec. 2.—A steady tone
characterized the curb market as trad
ing approached the final hour today,
but the list still showed marks of early
light selling.
Some utilities had losses of fractions
to a point or more, including American
Gas & Electric and American Light &
Traction. Electric Bond & Share was
about, even, while Niagara Hudson
• Power and Northern States Power "A"
were only a shade lower.
Aluminum Co. of America was be
hind around 4 points in light dealings.
Gulf Oil added about a point and
Pittsburgh Plate Glass a sizable frac
' tion. ,
Western Union
Will Borrow to
Meet Maturity
By the Associated Press.
NEW YORK. Dec. 2.—Western
Union Telegraph Co. has arranged
bank borrowings to meet maturity of
$8,745,000 collateral trust 5 per cent
bonds on January 1, 1938, it was dis
closed today.
G. A. Hunter, treasurer, told the
Public Service Commission the Chase
National Bank and Central Hanover
Bank <fc Trust Co. would make a loan
of $8,500,000, due within three years,
, at interest ranging from 1 per cent
to 2'2 per cent over the prevailing
discount rate of the Federal Reserve
Bank of New York. That rate at
present is 1 per cent.
DOMESTIC BONDS
Hich. Low Noon
Ala Power 4%s '67._ 78% 78% 78%
Am G A E 5s 2028 . 107 107 107
Appalach E P 5s '56 __ 305*. 105% 105%
Ark PAL 5s '56 _ 93% 0.1 93
As El Ind 4%s '53 .... 38% 38 38%
As G A E 5s '68 ... 31 29% 31
Baldn Lo 6s '38 xw _ 64 % 62 62
B-i; Tel C 5s '55 A ._ 113% 113*4 11.1%
Bell Tel C 5* '57 B 118% 118*, 118%
, Can Pac 6s '42 106 106 106
Cent UPS 5s '56 E . 101% 101 101
Cen UPS 4'is '67 P 91% 91% 01V,
Cent Oh LAP 5s 50 92 92 92
Cent Pw A Lt 5s '56. 86% SO'2 86%
Cent St El 5%s 54 4'1 42 42
Cen St P&L 5%s 53_ 42% 42',« 42%
Chit Dis El fis '61 B .. 106 106 106
L. Chi Rys 5s *27 cod_ 47 47 47
■ Cities Svc 5s '50 _ 58% 58% 58%
Cities S Gas 5%s '42_ 92% 92% 92%
Cit S P&L 5%* '52_ 54% 54 54
Cit S P&L 5%s '49_ 55 55 55
Comw Edis os '53 A ..113% 113% 113'i
Comw Ed 5s '54 B ... 112% 112% 112%
Comw Ed 4s '81 F ... 107% 107% 107%
Comw Sb 5%s '48 A __ 102% 102% 102%
* Cons Gas of B 5s '39... 106*, 106*4 106%
Cons G U «s '43 std ... 60 60 60
Com G A E .is '58 A .. 79% 79 70%
Detroit C G 6s '47 A .. 109% 109% 109*4
Det Cit Gas 5s '50 B . 101 101 101
Det Int B* 6'is '52 5 5 5
Det & In B 6%s '52 0d 4% 4% 4%
East G A F 4s '56 A ._ 72% 72 72
El Pw & Lt 5s 2030 08 67% 61%
Emo O&R 5%s 42 ... 74 72 72
Erie Light 5s '67 104% 104% 114%
Gary E&G 5s '44 st . 85 85 85
Gatineau Pw 5s '56 .. 103 102% 102%
Gen Pub Ut 6%s 56 _ 14% 14% 74%
Georgia Pw 5s '67 . 87% ST% ST%
Hot Wald Ast 5s '54 16% 16% 16%
HI North Util 5s '57 107% 107% 107%
111 Pwr & Lt 6s '53 . 97'/, 97% 97%
111 Pw A L 5s 56 C _ 89 89 89
Indiana Ser 5s '50 58% 58% 58%
Ir.dnap P&L 5s '5?A__ 105*4 105% 105%
Inti Pw Sec 7s '52F 58% 58% 58%
. interest Pw 6s '57 . 43% 42% 42%
interest P S 5s '56D 69% 69% 69%
nterest P 8 4%s '58 64% 64% 64'/,
owa Pub Svc 5s '57 99 99 99
Jer C P&L 4%s 61 C 103% 103% 10.1%
Kan Pw Co os '47 A._ 100% 100% 100%
Libby McN&L 5s '42 _ 102% 102% lo2%
Long Is Lt 6s '45 ... 100 100 100
La Pow & Lt 5s '57 . 104''. 104% 104%
Mengel Co 4%s '47.. 89% 89 89
Minn P&L 4‘is '78... 90% 90% 90%
Miss Pw & L 5s '57 .. 81 Vi 81% 81 %
Sat P * L 5s 2030 B 69*. 69% 69%
at Pb S 5s '78 cod . 44% 44*4 44%
Nevad Cal El 5s ‘56 _ 71 Vi 71 71
New E G&E 5s '47 58% 58% 58%
New E G&E 5s '50__ 58% 57% 58
NY P A Lt 4%s '67 107 106% 106%
NYSEAG4%s’80 95 95 95
N Y & W Lt 4s 2004 1 04 1 03% 104
Nor A LAP 5'is '56 8:t% 83% 83%
No Ind PS 4%s 'TOE 93% 93*. 93*.
Ogden G Co 5s 45 102% 102% 102%
Okla N G 4'is '61A . 97 97 97
Okla Nat Gas 5s '46 . 85 85 85
“ Pac P A L 5s ‘55 65% 65 65
Penn Wa&P 5s '40 . 108 108 los
Phila El P 5%s '72 111 111 111
Potomac E 5s '56 E_. 107% 107% 101 %
Pw Cp C 4%s '59 B 100 IOO 100
rPub S Okla 4s '66 A 99*4 99% 99*4
Pug Sd P A L 5',is '49 70 69% 70
Bcripps 5%s '4.1 99% 98 99%
8hw WAP 4 %s '70 D 103% 103% 103%
8 E P & L 6s 2025 A . 91',, 91% 91%
Sou Cal Ed 3*.s '45.. 106 106 106
Sou Cal Ed 3%s '60 103% 103s, 103*,
♦ Sou CO Gas Cal 4%s '68 105 105 105
Std Gas & El 6s '61 58% 58% 58%
Std Gas A El 6s '6(1 .. 67% 57% 57%
’ Stand Pw & Lt 6s '57 _ 56% 56 56%
Btarrett Corp 5s '50_ 23% 23 23%
Super of II 4'is '68_ 105*. 105*, lo5%
Term Pub S 5s '70_ 64% 64% 64 %
?exas Elec 5s '60_ 95% 95% 95%
ex Pw & L 5s '56 _ 102 102 102
Toledo Edis 5s '62 _ 108% 108% 108'/*
Twin CRT 5%s '52 A 64 63 63
Unit El N J 4s '49 ... 114 114 114
Unit Lt & Pw 6s '75 66% 66 66%
Unit Lt & Pw 6%s '74 71 71 71
West News U 6s 44 39 39 39
Yadkin Riv P 5s '41.. 104 104 104
York Rwy Co 5s '37.. 80 80 80
FOREIGN BONDS.
Cauca Val 7$ '48 .. 6% 6'/« 6’/,
Chile M B 6s '31 st _ 13 13 13
Com Prv B 5'isi'37.„ 67 67 67
Cuban Te 7%s 4i A._ 97 97 97
Isarco Hyd El 7s '52. _ 61V, 61 61
» Ital Su Pw 6s '63 A._ 45 45 45
Santiag Chil 7s '49 _ 10% 10% 10%
Stmnes (HI 4s '46 st._ 41 40 41
Terni-Soc 6%s '53_ 62 62 62
ww—With warrants,
xw—Without warrants,
n—New. st (stp)—Stamped.
^Negotiability impaired by maturity.
iCmpanjeg reported in receivership.
DIVIDENDS ANNOUNCED
tics corp.:
Extra.
Pc- 8tk. of Pay
.___ _ Rate nod. record, able.
Amer 8nuff -26c __ 12-9 1-3
Bralorne Mines -10c 12-31 1-6
Commercial Inv Trust $1 __ 12-10 12-18
Bliss A Leuthlln_25c __ 12-11 12-24
-Inc -SI —12-11 12-31
Paclflc Finance Corp
of Calif -45c — 12-10 12-24
Modlne Mfe _$1 _ 12-10 12-20
•Wellington Fund_10c—12-15 12-30
. , Special.
Atlas Powder __ __50c__ 12-14 12-24
_ Year End.
©uaker State OH_15c __ 12-15 12-24
Accumulated.
■ Corroon ft Reynolds $6
cv pf A-$1.50 — 12-8 12-13
Omitted.
Smith. T L Co 67 pf.
Merchants & Miners Transport.
Continental Diamond Fiber.
Regular.
Am Factors-15c MM 11-30 12-10
Am Snuff Co_76c Q 12-9 1-3
„ Do 6% pf_$1.50 Q 12-9 1-3
Bastian Blessing . 40c Q 12-15 1-3
Do. $5.50 pf __$1.37 la Q 12-15 1-3
Bralorne Mines-10c <3 12-31 1-15
Bliss & Laughlln -- 60c Q 12-11 12-24
Ipaersol, Rand 91.60 ._ 12-8 12-24
Bat Malleable ft Steel
Oast ... . ..60c . 12-8 12-22
Pacific Fin of caUf 46c Q 12-10 12-24
Plymouth Cordage ..$1.25 Q 12-31 1-20
L S Starrett_ 50c 12-17 12-30
L S Starr pf $1.50 Q 12-17 12-30
United Carr fastener.60c Q 12-10 12-15
Wellington Fund _15c Q 12-15 12-30
_ Amer Fork ft Hoe ...25c <3 12-4 12-16
Detroit Steel Prod ...50c Q 12-11 12-22
Oenl. Time Instr. . 25c Q 12-13 12-23
Oenl. Time Inst. pf.Sl.50 Q 12-17 1-1
LoeWs 50c Q 12-11 12-31
Louis. G ft El 7 <7 pf $1.75 Q 12-31 1-15
Louis G ft El fl<7 pf $1.50 12-31 1-15
Louis G & El 5<7 pf $1.25 .. 12-31 1-15
Mock Judsonvoeh 66c 12-10 12-18
Mock Judsonvoeh pf $1.76 Q 12-10 12-18
Noranda Mines ..$1.50 .12-0 12-23
Petrol ft Trad •‘A"_.02^c 12-10 12-17
United Carr Past_50c Q 12-10 12-15
Vulcan Detin _ $3 12-14 12-22
Vulcan Detln Pf _..$1.75 Q 1-10 1-20
Vulcan Detln pf_$1.75 Q 4-11 4-20
Vulcan Detln pf_$1.75 <3 7-11 7-20
Vulcan Detln pf_$1.75 Q 9-10 9-20
NORANDA DIVIDEND VOTED.
TORONTO. Dec. 2 (£>).—Noranda
.Mines, Ltd., Canadian gold and cop
per producer, announced today a divi
dend of $1.50, payable December 23 to
^ stock of record December 9. Hie
company paid $1.75 June 30.
j
NEW YORK CURB MARKET
(By print* win direct to Tb* Star.)
Stock and lata
Dividend Rate. Add 00. Blab Lew Cloee.
Aero Sup B.lim 6 S 214 3
Ainsworth 1.50*.. 6 9 814 9
Air Devices__ II 1 1
Air Invest . 2 1% 114 114
Ala Pow pf (7)._. 50* 7014 7014 70V«
Alum Co Am_ 850* 78 73 76
Alum Ltd_150a 68 66 68
Am Airlines.!__ 1 12 12 12
Am Book (4)_ 10* 53 63 63
Am Centrifugal _ 4 114 114 114
ACPftLww21ih 6 2714 27'/* 2714
Am Clt P&L(”h)_ 26a 28-1* 2SH 28*4
AmCP&LB.IOg. 13 S 3
Am Cynarn B COa 26 23 22V* 221*
Am Fk AH (la).. 6 14"i 141* 14V*
Am G & R( 1.40)_ 38 28 2814 28
AmG&EpfU). 200a 109V4 109 10;*' v
Am Gen _ 1 4*4 414 414
Am Gen pf (2)_60s 2514 2514 25'4
Am Hard Rub_60* 151* 1514 J51*
Am UT(UU)_ 2 14 131* 13*4
Am Maracaibo_ 4 M ’4 V4
Am Repub (.10*) 4 8 8 8
Am Seal Kap 20g 1 614 6H 6*4
Am Sup Power_ 14 IV* 11* 1V*
Am Sup Pw pf_2 1814 18'* 1814
Ancb Poat K _ 2 2 2 2
Angoatura (.30*). 2 314 3'4 3'4
Arctur Rad Tub*. 2 14 14 "h
Ark Vet C>< A 4*. 4V. a*.
Ark Nat Gas A — 6 4 314 4
Ark Nat Gas pf 4 6>4 6'i 614
Art Metal W.89a 2 8S 8+. 8H
As G A El A_ 4 114 Hi 114
As G A El pf_ 3 9N 9'4 9'i
As G A El war_ 3 A A A
At Cat Fish(.35g) 2 8»« 34* 344
Atl Coast D <3«). 90s 30 28H 30
Atlas Corp war_ b 114 114 114
Atlas Ply 1.75ft_ 1 13S 1314 1314
Austin Stiver M_ 6 A 14 A
Automat Prod_ 4 21* 2 2
AutoVM»lli»).. 2 714 71* 714
Avery ASons .SOg 1 714 7'4 7 Vs
Babcock A Will4) l£©s 75 73 75
Baldwin Do war . 6 41* 34* 4'i
Baldwin Bub 6Sa 3 8 8 8
Bardstown .075g 1 IS IS 144
BarlASeelA (1.30) 150s 9 814 8T*
Barium Stain Stl. 14 244 21* 214
Bath 1 W(6%f>.. . 2 41* 41* 4V4
Beaunit M l.I0g__ 3 7 7 7
Beech Alrc_ 2 IV* 11* 1V«
Berk&Gay Pura.. 3 1 11
Birdsboro S F 1*_ 2 7V* 7 714
Bliss E W _ 8 74* 71* 74»
Blumenthal (S)_ 3 61* 6 6
Bohack(HC)_ 25s 314 3V4 3H
Bourjois. Inc lg_. 1 61* 6V* 614
BowmBlltH_ 3 4* 4* S
Braz T&D l.90g)_ 3 11H 11V* 11H
Breeze Corp___ 1 6+* 6*4 6"i
Brewster Aero.— 1 214 214 2M
HridgptMch 75g_ 1 10 10 10
Brizht Star El B-. 1 14 A 14
Brill A _ 14 4 4
Brown Co pf_150s S2'4 32'* 324
Brown FAW ,60a. 4 6's 6 6
Buckeye P D 3.75g 200s 89H 39 39*.
B.NftEP 1 pf (o)_50s 94 94 94
BnkHAS(l%)_. 2 16 16 16
CableAWpf 288g. 1 41* 41* 414
Can Marc Wire .. 1 11* 11* IV*
Caro PADt pf(7). 10s 87 87 87
Carib Syn t.60h). 5 111
Carrier Corp _ 18 30 2814 30
Carter iJW) 40g 2 61* 614 6'i
I Celluloid 1st (4k) SOs 75 74V4 75
Cen Me Pw pf 7k. 10s 80 . 80 80
Cen NY Pwr pf 6. 50s 84V» 84 84
Cen St El 11 •* »* *<
Cen St El 6% pf . 125a 714 7V4 7V*
! Chi Flex Shft (4) 300s 40 40 40
Cities Service_ 45 21* 2 2
CitServpf_ 2 26 26 26
City Auto St. 45g. 7 54s 51* 514
Clark Cont 1.50g„ 2 18 18 18
Claude Neon Dt._ 2 11* Hi Hi
Cleve Tract__ 6 514 44* 514
Colon Develop_ 17 3'» 21* 3*
Col FuelAl war_ 6 5** 54* 5*4
Col O & G (. 4 Ojg)_ 5 44s 4\ 4*i
Comwlth E 1.25a. 6 27** 27 27*.
Comwlih&Sowr 6 1* A A
Com P&D 1 pf 100s 30 28*» 28‘-j
Cons Biscuit 40g 1 34k 34* 34i
Cons Cop Min . 22 51* 4V* 614
Con G&EB(3.40). 1 65** 65*. 664*
Cons Gas Util ... 1 H* H* 11*
Cons Steel Corp.. 2 4% 4% 4%
Cont Oil Mex _ 4 *4 H *v
Coin Roll & Stl~;n_ 6 7% 7 7%
Cooper-Bess_ 18 8 8
Cord Corp _ 2 2% 2 2Vi
Corroon & Rey_ 2 %2 2% 2%
Cosden Petro_ 2 2 2 2
CreolePete(.50a) S 22% 22% 22%
Crocker W ,10g._. 2 7 7 7
\ Crown Central_ 1 6H 5N 64*
Crown Drug 1 14* 1% 14*
Crystal Oil Refin. 1 *4 *4 4*
Cusi Mex..._ 18 % i M
Darby Pet (%)_ 2 7% 7% 7K
Dayton F,ub__ 1 8% 8% 8%
Derby Oil_ 5 4 3% 34(
Det Gray Ir (.04). 2 1% 1% IK
Divco Tw C (.40). 1 3% 3% 34,
Dom St & Coal . 2 14% 134i 14K
Draper Corp (3a). 20s 56 56 56
Dubilier <.15g) .. 4 144 1% 14*
Duke Pwr 3.578g. 75s 6774 67 67K
Duro Test (,40a). 10 7% e-’i 7V*
Duval Tex_ 3 6% 6% 6K
Eagle Picher ,40g 29 10 9 10
East Gas & F . 2 3% 3% 3%
EG*F6%pf(3). 50s 30% 30% 30V*
E G&Fpr pf(4%). 76s 53 52% 53
Estn States pf A . 115s 23 21 23
East States B pf. 25* 24 24 24
Easy VVM(B).75g 2 5 5 5
EconGrocS.76g.100s 14 14 14
Eisler El (3%f)_. 1 1% lVi 1%
El Bond & Sh_ 168 1144 11 11%
Et B&S pf (6)_ 3 57 60% 56%
El P As A (.15g)_. 1 344 3*4 34*
El P & L war_ 2 5% 5% 6%
Elect Share_ 1 2% 2% 2%
Electrol vtc_ 3 144 1% 14*
Emp G&F 7 % pf. 50s 37 37 37
Equity Corp. 6 1 *1 1
Esq Coronet ,30g. 4 10 9% 10
Evans Wallo_ 1 % 44 44
Ex-Cell-0 (.80a). 10 10% 10 10%
Fanny Far (la)._ 1 21V4 21V4 21%
Ferro En(2.50g)_. 2 2144 204* 2144
Fidelio Brew ... 3 *4 *4 *4
Fire As Phila 2a_. 10b 52% 52% 52%
Fisk Rubber 18 8 7% 7%
FI P&L, 7 pf 1.75k 50s 40% 40% 40%
Ford M Can A (1) 7 17 1644 16%
Freuhauf T 1.10g 1 11 11 11
Gen Alloys_ 3 2 2 2
Gen Invest_ 1 *4 % 4*
Gen Tele (la) ... I 13 13 13
Georg Pow pf (6). 25s 73% 73% 73%
Gilbert (AC)_ 1 7% 7% 7%
Glen Alden 25g . 3 6 6 6
Godchaux Sug B. 1 124« 124* 12%
Gorham Inc (A).. 5 2'% 2% 2%
Gorham, Inc, pf . 50s 20% 20% 20%
Gorham vtc 3.25g 1 1744 1744 1744
Grand Nat Films 20 1 % 1
Gt A&Pnv (6a).. 100s 54 54 54
Green T & D .. 3 644 6% 6%
Gray Tel P S (1). 2 5% 5% 5%
Gulf 011 (1)- 28 384* 86% 38%
H&loiti (1)_ 3 12% 12 12%
Hartf Rayon vtc. 2 1% 144 144
Hartman Tob-.— 2 % % %
Haxeltine (3)_ 1 15% 15% 15%
Hearn D S 1.65g.. 1 74* 744 744
Hecla Min (,70g). 4 10% 10 10%
Holllnger (65a).. 2 13 13 13
Horn&Hard(2) .. 25s 23% 23% 23%
Hubbell(H) ,43g 1 11% 11% 11%
Hudson Bay 1.75g 21 21% 20% 21%
Humble Oil (2g) . 7 61 58% 61
Hummel Ros ,80g 1 6% 6% 6%
111 Iowa Pow ... 1 4% 4% 4%
111 Iowa Pow of._ 2 17% 17V* 17%
Ill Iowa P dlv ct.. 4 7W 7 714
Imp Oil Can 50a 9 1714 1714 1714
Imp O Can rg 14a 1 1714 1744 1714
InsC M Am12a).. 150a 6244 52 5214
InUCgr M (2a)._ 2 20 1914 1914
Int Hyd-Elec pf __ 1 18 18 18
InU Pa&Fw war.. 13 314 214 314
InUP*t(l%a>_ 21 29 2814 29
InU Rad (.85*)_ 4 6 6 6
InU Util B _ 4 H 14 H
Interst H Eq ,44a. 2 4 4 4
Inv Royalty .06a. 10 14 H X
Ital Superpwr A- 1 44 44 44
Jacob* Co <2g)... 1 6*4 614 614
Jonas St Nau .30g. 8 2)4 214 2X
Jonas ft Lau SU_ 2 3414 84 3444
Kan O&E pf (7) ._ 50s 10S 106 105
Kennedy's!.60g). 2 614 614 614
Ken Rad T 114g_. 100s 1114 1114 1114
Kingston Pr«.40). 2 214 214 2K
Krueger 1.3714*.. 17 7 7
Lake Sb M (4a) . 11 61H 5014 601j
Lehigh C&Nl.SO). 2 4 4 4
Leonard OH_ 5 44 44 M
Lion Oil (la)_ 4 1714 17 171!
Lit Bros_ 1 214 214 2K
Lockheed Aire... 13 8 74« 8
Lone Star 0.60*. 10 7% 7!4~ 7*
Long Is Lt 17 214 114 2
Long Isl L pf 3.50 40* 47 4644 47
Long Is L pf B 3.. 126* 3814 38 S8V
La L Sc Expl ,40a. 22 714 7 7V
Lucky Tiger_ 1 44 44 4!
McCord Rad B_ 1 814 314 3V
McWill's D 1.25*. 8 1014 1014 10V
Marion St Shov_ 2 544 614 6V
/ <
Stock and Sales—
Dividend Rate. Add 00. Bkh Low Close.
Massey Harris 1 644 644 644
Mercant Stret }*) 100s 2144 21 2144
Msrrltt-C A 8_ 1 S 3 S
Meoabl iron _ 4 * *4 44
Met Textile. 10*-. 1 144 144 144
Mich Bumper_ 1 V* H V*
Mich O A O _ 16 6 5
Midwest OH (1).. 2 7H 744 744
Minn MAM 1.50*- 60s 2644 264* 2644
Molybdenum .. 6 614 644 544
Mngrm Pictures- 1 144 144 144
Mont-Dakota Ut_ 16 6 6
Mont Ward A<7)_ 10s 128V* 1284* 12844
Mount City Cop - 5 64* 644 54*
Mount Prod (.60) 2 414 414 414
Muskegon P R 2* 1 12 12 12
Nat Bellas Hess 4 1 1 1
Nat C Lev pf(3). 60a 40 40 40
Nat Fuel G(l) .. 7 14 1344 14
Nat P4Lt pf (6). 60s 63 63 63
Nat Rub Meh_ 3 644 5 644
Nat Service_ 1 V* 44 44
Nat Su* Ref (2).. 2 18 19 19
Nat Un Rad _ 4 44 M (i
Neptune Met A .. 17 7 7
J* 1 I V U j* / -UB iVO'/l iud'1
NH Clock (1*). 1 8* 8* 8*
N J Zinc (4.50g) 100* 57* 57 67*
NYC Omnibus wr 2 7 7 7
NY Shipbldg Fd 1 3* 3* 3*
Ntag Hudson 40g 28 9 8* 9
Xiag SMd B ,60g. 2 6* 6* 614
Niles-Bem-Pl 2a) 3 32* 31* 82*
Niplsslng 4.37*:)2 1* 1* 1*
NorAmUtAPw. 1 2* 2* 2*
No Am Ray A 2g. 2 22* 22 22*
No Am Ray B 2g_ 2 22* 22 22*
Nor St PA 1 13* 13* 13*
Ohio Br Bass (3). 60s 32 32 32
Ohio Pow pf (6).. 20s 110 110 110
OklaNatGas . 18 8 8
Okla Nat Gaspf- 60* 20 20 20
Oldetyme Dist ..12 2 3
Pacific Can .50g — 1 6* 6* «*
Pac Pub Service.. 2 5* 5* 6*
Pac Tin spl (2a) 50s 31* 31* 31*
Pan Am Air(.Zig) 2 17 17 17
PantepecOil 30 5 4* 5
Prkbg R&R 1.60a 3 lfi 15* 16
Patchogue P (2g) 20s 21 21 21
PenderGro(B) .14 4 4
Pennroad (.25g) „ 16 2* 2* 2*
PsPALtpf («).. 10s 85* 85* 85*
PaPALtpf(7)_ 25s 93* 93* 93*
Peppcrell (*a)_125s 79 77 79
Pa Salt (8.75g)_ 60s 136 136 136
Pbillipa Pkg _ 2 4* 4* 4*
PhoentxSect *a). 5 3* 3* 8*
Phoenix See pf 3 60s 21 21 21
Pioneer Gld(.40). 8 3* 3* 3*
Pitts Forg . 6 7 6* 7
Pitts *LEI.75g. 40s 61* 59 61*
Pitts PI G1 4 50g_. 3 85* 83* 85*
Pleas Val W .15g. 2 1* 1* 1*
Plough, Inc (.80). 1 7* 7* 7*
Polaris It t .03g>. 4 2* 2* 2*
PowdreliAA ,&5g. 14 4 4
Premier GId .12a. 1 2* 2* 2*
Prod Corp _ 60 * * *
Prosperity B - 1 8* 8* 8*
PugSP$5pf«*k 25s 30 30 30
PugSd P8«pf ... 125s 16 16 16
Pyrene (.40g) ...18 8 8
Quebec Pow 41)_60s 16 16 16
Reed Ro Bit 80a. . 1 24 24 24
Reiter Foster 1 * S *
Reliance K1.75g_. 1 11* 11* 11*
Reynolds Inv _ 2 * * *
Richmond Rad... 2 2* 2* 2*
Rome Cable ... 1 6 6 6
Roosevelt Field.. 7 1* 1* 1*
Root Pet ( *g)_ 13 3 3
Rossla Inti _ 2 * * *
Rustless IAS_ 4 8* 8* 8*
Ryerson A H-2 1* 1* 1*
Saf CHALt 10g_25s 81 81 81
St Regis Pap_ 7 3* 3*4 3*
Sampson Unit_ 1 3* 3* 3*
ScuVill Mfg l.SOg 4 28* 28* 28*
Segal Cock 7 1* 1* 1*
Select Industries 11 1 1
Sele Ind cv l*k_. 100s 8* 8* 8*
Sentry S Con- 5 ft ft ft
Seversky Aire_ 1 1* 1* 1*
Sh&ttuck Denn_11 7* 7* 7*
Shaw WAPt.80).. 1 20* 20* 20*
Sherwln-Wros 4a 400s 80 80 80
Simmons HAP_ 1 2* 2* 2*
Sonotone t.20g)._ 2 1* 1* 1*
Soss Mfg (.50a).. 16 6 6
So Coast t.30g)... 1 2* 2* 2*
So Penn Oil 1 *a. 2 37 36* .37
S CalE pfC 1.37 * 1 24* 24 24*
Sou N En«Tel(8). 10s 148 148 148
Std CAScvpf 1.60. I 17* 17* 17*
St Oil Ky (la) _. 4 17* 17* 17*
Stand O Neb .25*. 2 9 9 9
StPow&Lt_ 4 114 164 114
Stand Prod (1)_ 1 714 714 714
Stand Tube B_ 6 3 21, 214
Starrett Cor vtc.. 1 3s* 34* 34»
Sterchi Bros __ 15 5 6
Sterling Br 25*__ 1 414 414 4H
Sterl Inc (.20a) — 1 2H 264 244
Stetson*JB).50*. 226s 9*4 9 9
Stinnes *H)- 4 1H 114 114
Strook & Co 2_100s 13 13 13
Sullivan Mach_ 18 8 8
Sunray Oil(.26*). 6 3 3 3
Swiss-Am El'pf.. 26s 108 108 108
Taggart .. _ 1 414 46* 444
Tam El rts Dec20 38 * H »?
Tampa El (2.24)_. 2 27',* 27y* 271*
Taylor *K) Dlst .. 1 14* 164 14*
Tech-Hughes ,40a 2 514 51* 51*
Technicolor SO*. 20 191* 18V* 19*4
Texon Oil (.60)... 2 414 414 414
Thew Shovel ... 800s 13V> 12 1314
Tob Pro Ex .275*. 1 2'» 214 2',
Tonopah Min_ 1 tt M tt
Trans-Lux *.20)_. 4 3 214 3
Transwest Oil_ 8 614 5 614
Tubize Chatillon. 6 864 81, 814
Tubize Ch A (4«)_ 1 33 33 33
Un Gaa (Can) .30. 2 13H 13 1314
Utd Cgr Wh Stra. 30 H 64 M
United Alrc war.. 1 814 814 8'4
Unit Gas-- 76 6V* 5 614
Unit Lt & Pow A_ 13 3** 314 364
Unit Lt 4k Pw B._ 1 41, 4>4 414
Unit Lt & P cv pf. 7 291* 27 291*
Unit Sbipyds A .. 2 2 2 2
Unit Shoe M2 Ha 250s 691* 68H 6864
Unit Spec (1.40).. 1 64* 664 664
U S Poll (B) .60*. 10 6 514 6
U S Radiator- 6 364 314 364
US Rub Reel_ 13 3 3
Unit Ver Ex 3g._. 14 164 114 1H
Unit Wall P .15*. 1 21* 214 214
Unlv Corp vtc -. 1 2'/* 2V* 214
Ut P&L pf 4.08k.. 60s 42 42 42
Util Pw & Lt (r). 2 64 64. 64
Util P& Lpf (r). 50s 16 16 16
Utility Equit — 2 2*4 214 214
Utility & Ind pf— 12 2 2
Valspar Corp vtc. 3 3 3 3
Valspar pf vtc .. 25s 271, 2714 27V4
Venezuela Petrol. 1 IV* 11* 114
Waco Aircraft_ 1 264 264 264
Wag Bak’g 1.20g_ 1 12 12 12
WalttfcBond A— 18 8 8
Wayne Knit M— 6 91* 814 914
Wellington OU_* 3 614 6 6
Wentworth .25*.. 2 2V4 264 264
West Air Exp_ 1 36* 36* 36*
Wlllms-O-M .50*. 1 41a 4H 414
Wil-L Caf pf (r). 1 114 114 114
Wolverine T .40*. 3 6V4 664 564
Wright Har(.40a) 8 764 714 764
Ygstwn 8 D.75*. 8 1664 15H 1664
Yukon Gold .21*. 8 2 1H 2
rln bakruptcy or receivership or belne
reorganized under the Bankruptcy Act. or
securities assumed by such companies.
Rates of dividends In the foregoing table
are annual disbursements based on the
last quarterly or semi-annual declaration.
Unless otherwise noted, special or extra
di videos are not Included.
X Ex dividend a Also extra or metres,
b Including extra or extras, a Paid last
year, f Payable In slock g Declared or
Said to far this year, no regular rate.
Cash or stock, k Accumulated dividend
paid or declared, ur Under rule, ww with
warrants, xw Without warrants, war War
rants.
DELIVERIES OF SUGAR
GAIN IN 10 MONTHS
•y the Associated Press,
The Agricultural Adjustment Ad
ministration announced yesterday that
deliveries of sugar to American mar
kets during the first 10 months of
1937 totaled 5,754,497 short tons, raw
value, or an increase of 358,519 short
tons over the same period last year.
November deliveries totaled 380,724
short tarns.
Sources of sugar during the Janu
ary-October period were: By refiners,
3,800,895 short tons; beet sugar fac
tories, 987.474; Importers, 557,818, and
continental cane sugar milles, 77,873.
Stocks of sugar on hand October
31 totaled, the A. A. A. said, 1,137,113
short tons, as compared with 1,357,110
short tons on the same date last
year.
Gotham 811k Hosiery Co.—Company
reduced the working hours of 800 em
ployes at its Dover, N. J„ plant from
40 weekly to 20.
1
DIVIDEND BOOSTED
BY FERRO ENAMEL
Payment of $1 Compares
With 75 Cents Voted ✓
on September 20.
By tb* Associated Press.
NEW YORK. Dec. 3.—Directon
of Ferro Enamel Carp., manu
facturer* of vitreous porcelain, de
clared a dividend of $1. payable De
cember 17 to stock of record De
cember •. The company paid 75
cents on September 30.
Square D Ce.
Square D Co., manufacturers of
electric devices, declared a dividend
of 51-50 on the common stock, payable
December 34 to stock of record De
cember 14. The company paid a divi
dend of 35 cents on September 30.
American Sail Co.
American Snufl Co, with principal
' plants in Tennessee and Kentucky,
announced an extra dividend of 25
cents and the regular quarterly divi
dend of 75 cents on the common
I _ft. I_,u-....V,!. Tbm.mm. ft.
stock of record December t.
Ingrrsofl-Raad Co.
Ingersoll-Rand Co., manufacturer of
i air and gas compressors and other
machinery, with principal plants In
the Bast, declared a dividend of $1J0
on the common stock, payable Decem
ber 24 to stock of record December g.
The company paid a dividend of $1 JO
on December 1.
Agricultural Chemical.
Directors of American Agricultural
Chemical Co., fertilizer manufacturer,
declared a dividend of $1.25 on the
capital stock, payable December 23 to
atock of record December 11. The
company paid $4 on September 30.
S. R. Dresser Manufacturing Co.
S. R. Dresser Manufacturing Co.,
makers of couplings and pipe fittings,
Bradford. Pa., announced a dividend
of $1.50 on the class ''A" stock, pay
able December 20 to stock of record
December 10. On December 1, 1836,
the company paid $3 on the class "A”
stock.
General Motors
Executive Cheered
By Sales Abroad
By the Associstcd Press.
NEW YORK, Dec. 2.—James D
Mooney, head of the export division of
General Motors Corp , reported upon
his arrival from Europe today that the
business recession herd had not been
felt abroad so far.
*'lf the rest of the world continues
with its good business it probably will
help us out of the recession," be said.
An adverse influence in Europe, he
added, was the scramble for gold in
preparation for war or economic
emergencies. "Everybody in Europe
seems to have started grabbing gold.”
he said. "People are afraid of war
and want some gold ‘in the sock.' ”
Mooney said General Motors busi
ness in foreign markets had increased
25 per cent over last year.
TERRELL QUITS POST
WITH AMERICAN CAR
By the Associated Pres*.
NEW YORK, Dec. 2.—American
Car St Foundry Co. announced to
day resignation of Cary D. Terrell,
vice president with offices at Chicago,
after over a quarter century of service.
He began with the company at Gt
Louis in 1910, was in Washington in
connection with the concern’s war
work in 1917, and came to Chicago
from there in 1919.
Ill health was given as the cause of
the resignation, which is effective the
first of the year.
J. R. Van Moss, now assistant vice
president, w as appointed Western sales
manager at Chicago.
DIVIDEND IS OEDEBED.
NEW YORK, Dec. 2 (Special).—A
quarterly dividend of 12 cents per
share has been declared by the board
of trustees of General Investors Trust,
payable December 15, 1937, to share
holders of record December l, 1937.
CHICAGO LIVE STOCK.
CHICAGO. Dec 2 (At (United States De
partment of Agriculture).—Hogs. 20.000.
Including 6.500 direct: early strong to 10
higher, now alow with butchert 270 pounds
up bid weak to lower than Wednesday's
average; top. 8.60 bulk good and choice,
150-200 pounds 8.40-8.50 : 210-250
pounds. 8.30-8.45: most good packing
lows 10 higher, at 7 25-7.80.
Cattle. 4.500; calves. 1.000; very alow
on _steers and yearlings; undertone weak
at Wedneaday’s decline: moderate holdover
from Wednesday, mainly sood to near
choice steers: these without reliable bida
on early rounds: few loads. 8.60-11.76. but
hardly enough done to make a market;
shipper demand narrow: ahe stock very
uneven: heifers slow steady: beef cows
weak; cutter grade cows steady at 3.50
4.o0; bulla and vealera steady with best
weighty sausage nulls. 7.00; few weighty
meaty kinds. 7.25; vealera. 11.00 down;
replacement cattle continue active, steady
at 0.75 mostly.
Sheep, 6.000. including 400 direct: fat
lambs slow; bids and sales around steady
to 25 lower; bulk held for steady rates;
few sales good and choice lambs upwanf
to 9.00-9.25; choice held 9.35 and above;
yearlings steady at 8.25-8.40; sheet) week
to lower; moat slaughter ewea downward
from 4.50: feeding lambs scares.
PHILADELPHIA PRODUCE.
PHILADELPHIA, Dec. 2 (Pi.—Lire poul
try: Plymouth Rock, fancy. 25-26: ordi
nary. 24: mixed colors ordinary. 20-22:
White Leghorns average. 16-18: old roott
fra. 17: longhorns. 16; Reds. 25-27;
roasting chickens, fancy. 24-25; spring
chickens fancy Plymouth Rock. 23-24
ordinary. 22: springers, fancy, 22-24; tur
keys, youns hens. 22-24: young toms
fancy. IB-20: ordinary, 18.
Dressed poultry: Old roosters. 5 pounds
or over. IB: smaller. 16-18: capons West
ern. 30-34: stags. Western. 23-23.
Wheat: No. 2. red. winter, garlicky. De
cember delivery. 95%.
Butter: Top grades. 41%-45: 92 score.
40-41;' 91. 39%: 90. 37%: 89. 36.
Eggs 3.886 cases: weak: extras whites
31-33. browns 31-32: standards Nos. 1
and 2. 28-30: Nos. 3 and 4. 24-27: trades
12:1a; or b“t,r whltw
FOREIGN EXCHANGES.
NEW YORK. Dec. 2- (Pi.—Foreign
exchange steady. Orest Britain in dol
lars. others in cents. Orest Britain
demand. 4.99%: cables 4.90%; lo-day
bills. 4.98%: France, demand. 3.39%;
cables. 3.39%: Italy, demand. 6.26%:
cables 5.26%.
Demands: Belgium. 17.00: Germany,
free. 40.32: registered. 21.06: travel,
25.40: Holland. 56.56. Norway. 26.09:
Sweden. 25.74: Denmark. 22.29: (In
land. 2.21: Swltserland. 23.13: Spain
(unquoted): oPrtugal. 4.53%: Greece.
0.92: Poland. 18.98: Czechoslovakia.
3.51%: Yugoslavia. 2.36: Austria. 18.91u:
Hungary. 19.90: Rumania. 0.76: Ar
gentina, 33.30n: Brazil. 5.70n: Toklo.
29.09: Shanghai. 29.65: Hong Kobe.
31.25: Mexico City. 27.80: Montreal, fit
New tork. 100.0411: New York. In Mon
treal. 99.95 A n—Nominal.
NEW TORE LIVE STOCK.
NEW YORK. Dec. 2 (P (State Depart
ment of Agriculture).—Cattle. 1,620, In
cluding 1.600 direct. Steers and bulls
nominal. Cows steady: a few low cutter
and cutter. 3.50-5.00: few lightweights.
3.00-3.25.
Vealers and calves 1.590. including
1.670 direct. Vealers steady; a few head
medium to good. 12.25 down. Calves nom
inal. none offered.
Sheep and lambs. 12.810. including
13.680 direct. Demand slow for lambs.
«‘m‘«: B^o&mrtrjS
6.50 Sheep scarce, market nominal.
Hogs. 4.180; all direct. Market nominal.
Price of Hides at Chicago, 1929-1937
Wiol***l* Pnca of Hoovy Nativ* Stoor Hid** at Cfneaao coos
Sr__,a“'
“r>d—I—\~\—H—(-**?*«- *
11 h_J Au*J«3, 18
4-May, 1932. --4
2 4Jc
**-----—J---L - -I---12
1929 1930 1931 1932 1933 1934 1936 1930 1937
mmmm
—11 - ■■ -— - - ;
BUDGET BALANCED
IN PHILIPPINES
Trade Volume Bisea, Public Debt
Cut as Production of
Odd Mounts.
By the Associated Press.
Secretary of War Wood ring yeater
day pictured the Philippine Common
wealth m one of the worhl'» moat
prosperous governments.
The Par Eastern ward of the United
States not only balanced its budget
last year, but had a surplus of $3,970,
214, representing nearly 10 per cent
of annual expenditures, he said in his
report for the War Department’s Bu
reau of Insular Affairs.
Describing general conditions as
"excellent,” Secretary Woodring noted
that Philippine trade volume and
the favorable balance increased, gold
production mounted and the small
public deot was further reduced.
Washington Exchange
SALES.
Potomac Electric Power 8% pfd.—2
at 113*4. 4 at 113.
Washington Gas Light' com.—10 at
1914, 10 at 19'/*, 10 at 1914,
aftek call,
Norfolk ft Washington Steamboat Co.
—4 at 75.
Mergentbaler Linotype—100 at 251g.
Washington Gas com.—5 st 20.
Washington Gas Light pfd.—10 at
98 %.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
Bid. Arked.
Aaw. Tel. A Tel 4'4s ... 100
Anccoetia A Pvt. 5s_ 63 60
An*. A Pvt. Guar. 6s_107
C. A P. Tel. of Va. Ss. — ins _ ..
Capital Traction R. R. 6s. 65 70
City A Suburban 6s _ 53 63
Georgetown Gas 1st 6s_113
Pot. Elec. Pow. 3V«s_103 104
Wash. Gas 6s 1068._ 104*, 105'/«
Wash. Gas 6s 1060_.a 113 _
Wash. Rwy. A Bee. 4s_106 _
inicBiAioooa.
Chevy Chase Club 1st 4Yes. 102 _
Col. Country Chib 1st 414s. 103 _
W. 1C. CoM along* 6s_100 _
STOCKS.
PUBLIC UTILITY
Amer. Tel. & Tel. (6)_148
Capital Transit Co. _ 0 11*4
HA W. Steamboat (6) .60 90
Pot Bee. Pow. 6« Dfd. (6). 113
Pot. B. Pow. 6V4 Pf. <6.60). 110*4
Wash. Gas Lt new (1.20) 19*/4 71
Wash. Gas Dfd. 14.60 ) 97 99
Wash. Rt A B. com. (36). *600 _
Wash Ry A B pfd (6) 10814 _
BARK AND TRUST COMPANY
Amer. See. A Tr. Co. (e$)_ 260 288
Bank of Betheada (h.?6).. 34
Capital (4) ... J26 140
pom. A Savings (elO)_ 236.
Liberty (5)^ _ 149‘/4 160
Lincoln (f6.*fci _ . 160 240
Rail. Sav. A Trust 215 250
Pr. Georges Bk. A Tr. (.50) 18 23
Riggs (*8) _ . _ 280 300
R1SSS pfd. (6) _ 10014
Washington (6* . .. 130
Wash. Loan A Trust (e8> 240 276
PIRE INSURANCE.
American (6)_112 _
Plremen's (1.20) _ 28 _
National Union (.60)_ 14 _
TITLE INSURANCE
Columbia (.30) 10 14
Real him (0) _150 175
MISCELLANSOUB.
Carpel Corp. (2.00) 20 2#
Lanston Monotype (♦♦)_ 70 75
Lincoln Serv. com. ftl.00). *10 22
Lincoln Serv. pfd. (3.50)— * .. 40%
Mei sen thaler Lino. (2.00) . *25 20
PecpleiDr. ifc.com. ftl.00) 32 35
Peoples Dr. *t. pfd. (6.50) *110 114%
Real fit. M.AG pfd. (**.30) 4% 6%
Security Morose (5) _ .00 120
Ter Rel s wn Cora. (3). 60 75
wdwd. A Loth. com. 01.50) 50 60
Wdwd. A Loth. old. (7) .117 _
•Ex dividend.
♦Plus extras, e 2% extra. fl%% ex
tra. f SI 4 extra payable November 30.
1937. h 7 5c extra. **30c paid June 24.
1937.
•
INSURANCE STOCKS
NEW YORK Dec. 2 <45.—New York
Security Deelers' Association:
Bid. Asked.
Aetna Cas (2a) _ 75 77%
Aetna Ins (1 60) - 41 43
Aetna Life (.80a)- 23 24%
Am EOuit (1.00a)_ 20% 27%
Am Ins Nwk <%a)- 10% 12
Am Reins (1.20*)- 27% 29'%
Am Reserve (la) - 1R 19%
Am Surety (2%) - 38% 40%
Automobile (la) - 24% 26
Balt Amer (.20a) - 6 0
Carolina (1.30) _ 19 20%
City of N Y (1.20)_ 17% 19
Conn Gen Llf (.80)_ 25% 20%
Contln Cas (1.20) - 22 24%
Fid A Dep (4a) -•_ 04% 99
Plrem’s Nwk (.30)- 7% 8%
Prank Plre (la)_ 25 20%
Gen Relnsur (2) - 26% 27%
Glen Palls (1.00) .v- 34% 30%
Globe A Rep (.80a7- 13% 14%
Glpbe A Rut - 28 32%
Great Amer (la) - lj% 90
Hanover (1.00) - 90% 2854
Hartford Plre (2) - 04% 60%
Home Plre Sec- 2% 3%
Home Ins (la) —;_ 25 2054
Homestead (1) - 14% 1054
Knickerbocker (.80)_ 10% 12%
Lincoln Plre - 2% 354
Maryland Cas - 3% 4%
Bh irV3^*,::::::: 3i* 4i
Natl Plre (2) _ 62 64
Natl Liberty (.20a) _ 6% 7%
N Hampshire (1.00a)_ 40 42
N Y Plre (,80a)- 15% 16%
Nor River (1) _ 24 2554
Phoenix (2a) - 6954 71%
ftov Wash (1). . 26% 28%
Revere (P) In (1.30)_ 19% 21
Rn Isl Ins (.30*) - 6% 6*4
Roseta Ins (54«) _ 4% 8%
St Paul Plre (6a)-180 185
jprtntfleld (4%a) -102 106
fcn Life (16) - 416 406
Travelers (10) - 397 407
os Fire (2) - 44 40
Westchester (1.20*)_ 20% 28%
»—Also extra ox extra*.
ff-—nSlUSPAd nr natel ka fa* fhU **■*
FOREIGN MARKETS.
. lONDOH. Dee. 2 («.—The stock mar
ket closed Quiet with chief speculative
Interest concentrated In the cold mining
po'jp . price movements were mixed ana
, W>lr. Trani-Atlantlea ' remained dull
ana silted ted securities and Oerman bonds
sold lower.
PARIS.—A firm tone prevailed at the
close of the Bourse. Although government
bonds were easier* .rentes declined 40 to
65 centimes. Ro*oi Dutch also lost 76
franca, while 8>w* Canal moved up 60.
METAL MARKET.
NEW TORS. Dee. 2 on.—Copper
steady: electrolytic, spot and future.
10.60-11: export, 10.14. Tin iteadr: wot
8.00. Iron, aluminum, antimony, eulekslf
var. platinum pad wolframite unchanged.
8
Decline Revealed
In Construction
Awards of Week
\ By the Assoelareu Press.
i NEW YORK, Dec. 2.—Engineering
I construction awards in the week ended
I Tuesday totaled HI.MO,000. a 44 per
| cent drop from the comparable period
! last year, the Engineering News-Record
reported today.
Private construction was hsurdest
hit; slumping 57 per cent under 1936,
while public building dipped 30 per
cent.
The week's totals follow:
111.17. 1936.
Private -Slti.M58.00n *38.517.000
Futile - 25.022.000 35.811.000
Federal _ . :i.M75.o0o ft.325 OOO
State and Hun.. 21.:i47.00<i 29.480.000
T«sl-*41.080.000 *74 328 000
■ 11 ■ -»- ■■
FARM INCOME UP
IN SIXTH DISTRICT
Six Southeastern State* Beport
Increase of 25.1 Per Cent
Over 12d6 Period.
By the Associated Press.
ATLANTA, Dec. 2.—Farm income
of six Southeastern States Increased
25.1 per cent to *510,419,000 during
the nine months. January through
September, 1937, compared with the
total for the same period last year,
says the Federal Reserve Bank of
Atlanta.
Reporting for Alabama, Florida,
Georgia, Louisiana, Mississippi and
Tennessee, the monthly review of the
bank said today the comparable 1936
income amounted to *407,998,000.
The review said recetipts for farm
products during September increased
65.1 per cent over August, but de
clined 6.5 from the total for Septem
ber «f last year. All figures include
Government benefit payments, and
are based on the sale of principal
farm products.
Retail trade in the sixth Federal Re
serve district continued to expand in
October, but at a less than seasonal
rate.
October sales in 49 reporting retail
firms were 10 per cent over September
and 3.5 over October, 1936, but sea
sonal adjustments of the increase
from September to October indicated
it was about 15 per cent below normal.
Cotton consumed in the district s
three textile manufacturing States was
175.000 bales against 193,000 in Sep
tember and 213,000 in October of last
year.
INVESTING COMPANIES
NEW YORK. Dec. 2 otv—New York Se
curity Dealers Association:
(Noon quotations.!
Bid. Asked.
Admin Fd 2d Inc_11.80 12.65
Am Bus Shrs __ .67 .75
Am Oen Xq Ine_ .64 .72
Am Ins Stocks_ 4.50 4.75
Bancamer Blair _ 6.50 (>.5t)
Bankers Nat Inr Corp_ 2.375 3.25
Basic Industry _:_ 3.44
Boston Fund Ine-14.98 16.02
Broad St Inr- 22.36 23.91
Bullock Amd- 12.875 14.125
Corporate Trust _ 2.17 _
Corporate Trust A A_ 2.09 __
Corp Tr A A mod_ 2 56 _
Corn Tr Accum Ser_ 2.09 _
Corp Tr Acc Mod_ 2.56 _
'Cumulative Tr Sh _ 4.50
Depos Bk Bh N Y "A”_ 1.62 _
Depos Ins Shrs “A”_ 2.65 _
Depos Ins Shrs "B"_ 2.44 _
Diversified Tr C- 3.60 _ .
Dividend Shrs - 1.18 128
Equity Corp S3 pf_ 25.50 28.50
Fidelity Fund Inc-17.53 18.87
First Boston Corp-11.75 13.26
Fiscal Fund Bk 8h_ 2.43 2.70
Fiscal Fund Ins_ 2.96 3.33
Fixed Trust Sh A_ 8.98 __
Fixed Trust Sh B_ 7.13
Found Tr Sh A _ 3.70 3.95
Fund Investors Inc_16.83 16.60
Fund Tr Shrs A- 4.58 5.13
Fund Tr Shrs B _ 4.17
Gen Capital Corp_ 28.67 30.83
Gen Investors Tr _ 4.43 4.82
Group Sec Axriculture_ 1.08 1.18
Group Sec Automobile_ .80 .88
Group Sec Building_i 1.25 1.36
Group Sec Chemical_ 1.11 1.21
Group Sec Food _ .75 .83
Oroun Sec Invest Shrs _ .75 .83
Group Sec Merchandise— .85 .93
Group Sec Mining _ 1.12 1.22
Group 8ec Petroleum_ 1.01 1.11
Group Sec R R Equip- .71 .79
Group Sec Steel _ 1.08 1.18
Group Sec Tobacco_ .93 1.02
Huron Holding _ .37 .77
Incorp Investors _16.28 17.51
Instl Sec. Bank Oroup_ 1.11 1.24
Instl 8;c Insurance_ 1.18 1.32
Investors Fd C Inc _ 9.62 10.22
Keystone Custodn B 3_ 22.46 24.58
Keystone Custodn B 3_14.98 16.39
Keystone Custodn K 1-15.70 17.11
Keystone Custodn K 2_10.58 11.58
Keystone Custodn S 2_14.69 16.12
Keystone Custodn 8 4_ 5.32 5.90
Major Shrs Corp_ 2.25
Maryland Fund _ 5.62 6.21
Mass Invest Tr_19.01 20.17
Mutual Invest _10.57 11.55
Nation Wide Sec_ 3.22 3.32
Nation Wide Votln*_ 1.25 1.38
Natl Investors _ 4.94 5.19
New England Fund _11.90 12.80
N Y Bk Tr Shrs _ 2.625
N Y Stocks. Bk Stocks —_ 7.69 8.32
N Y stocks. Bldg Supply— 7.05 7.63
N Y Stocks. Elec Equip_ 7.54 8.22
N Y 8tocks. Insurance_ 7.9.9 8.58
N Y 8tocks. Machinery_ 7.39 8.00
N Y Stocks. R R Equip.— 8.87 7.44
N Y Stocks. Steel ... 7.41 8.02
North Am Bond Tr ctfs.__ 52.625 _
Nor Am Tr Shares 1953... 2.03 _
Nor Am Tr 8b 1955 _ 2.54 _
Nor Am Tr Sh 1956 _ 2.49 _
Nor Am Tr Sh 1958_ 2.29 .. .
Plymouth Fund Inc_ .44 .52
Quarterly Income Sh 10.29
Schoellkopt-Hutton ft Pom 1.375 2.375
Selected Am Sh Inc_ 8.99 9.80
Selected Income Sh_ 3.96
Sovereign Invest _ .85 .72
Spencer Trask Fund_14.60 15.37
Stand Am Tr Shrs_ 2.60 2.80
Stand Util Ine _ .60 .65
Super of Am Tr A_ 2.93 _
Super Of Am Tr AA_ 2.01 _
Super of Am Tr B_ 3.05 _
Super of Am 77 BB_ 2.01 _
Super of Am Tr C__ 5.6O _
tupei of Am Tr D___5.50
upervlsed Shrs __ 8.96 9.74
Trustee Stand Inv C_ 2.27 __
Trustee Stand Inv D_ 2.22
Trusteed Am Bk B _ .62 .70
w^mSton^pSnd7-i3:§Z 4:22
U. S. TREASURY ROTES.
NBW YORK. Dee. 2 CSV—Prices quoted
in dollars and thirty-seconds.
Approx.
Pet. Month. Year. Bid. Asked, yield.
24* Feb., 1838 _ 100.23 100.25 ...
3 Mar.. 1038 _101.5 101.7 ...
2% June. 1038 _101.17 101.19 _
244 Bept., 1038 _ 101.28 101.30 .02
1V« Dec., 1038 _ 100.29 100.31 .31
1$ Mar, 1939 _101.5 101.7 .54
2j* June. 1939 _ 102.5 102.7 .87
14* Bept. 1939 _101.4 101.8 .70
1H Dec., 1939 _101.4 101.8 .78
14* Mar. 1940_101.18 101.20 .90
144 June, 1940 _101.8 101.10 .97
144 Dec., 1940 _101.4 101.6 1.10
144 Mar. 1941_ 100.29 100.31 1.20
14* Jims. 1941_100.13 101.15 1.24
« te »» m31 m \h
3 ispt.. 1943 __ 103 .103,3 1.68
TWO 6R0UPS GAIN
IN STOCK SURVEY
100 Issues Studied Drop 10.6 Per
Cent in Value During
Month.
(Mtlll Dispatch to Tho Otar.
NKW YORK, Dec. 2.—Although
stock prices continued to recede in
November, two groups—utilities and
representatives of the building indus
try—gained ground in the month, ac
cording to a compilation by Frazier
Jelke A Co. As measured by 100
representative common stocks, prices
dropped 10.8 per cent in November,
compared with 10.2 per cent in Oc
tober. The total valuation stood at
$15,870,534,000 at the end of Novem
ber. Thjs compared with $17,756,
768,000 at the end of the previous
| month and with $15,225,646,000 on
October 18, approximately the low
point of the decline as measured by
representative stock averages.
Automobile and merchandising
stocks suffered the greatest loss in
the last month, judged by the rec
ords examined. Motor shares declined
18J per cent, retail issues 18.5 pier
cent and miscellaneous industrials
12.7 pier cent. Oils also declined more
than the general average, with a loss
of 13.5 per cent, while steels fell 11.3
pier cent. Rails and foods each
dropped 9 pier cent, chemicals de
clined 8.9 per cent, mines 8.3 pier
cent, railroad equipments 7 per cent
and electrical equipments only 2.9 per
cent. Utilities recorded an increase
of 3.3 per cent, while building shares
advanced 2.6 pier cent.
As compared with a year ago the
valuation of stocks has declined 10.7
per cent. The 100 stocks had a value
of $17,803,066,000 on November 30,
1936, after having advanced steadily
for eight consecutive months.
U. S. BOND HOLDINGS
OF BANKS DECREASE
By the Associated Press.
NEW YORK, Dec. 2—New York
City continued to buy and country
banks to sell Government bonds in
the week ended November 24. Out-of
town banks sold more than institu
tions in the financial center bought,
making for a net decline in total bank
holdings of Treasury paper.
The pressing need for earning as
sets, brought about by the decline in
industrial loans, caused the Jump in
New York.
Government bonds held by Federal
Reserve member banks in 101 cities
compared as follows:
Week ended Nov. 24_$7,966,000 000
Previous week _ 7,974,000,000
Same period last year... 9.178.000,000
NEWSPRINT PRICE FIXED.
VANCOUVER, B. C„ Dec. 2 UP.—
The Powell River Sales Co., Ltd., an
nounced a base contract price of $50
a ton for newsprint for the calendar
year of 1938. delivered at Powell River.
The past six months the basic price
here has been $42.50 a ton.
and
Loans on Existing Properties
5%
nifT DEED or TEUST ONLY
GEORGE L R0R6ER
643 Indiana Arm. N.W.
Nat’l 0350
WILE.VOTES O')
DIVB OF 8
Big Payment on Common
Ordered by Subsidiary
of Nickel Plate.
Bv the Associated Press.
NEW YORK. Dee. 3 —Director* of
the Wheeling A Lake Erie Railway
controlled by the Nickel Plate, declared
today a dividend of $5 on the com
mon stock, the first since the stock
was listed on the New York Stock
Exchange, in 1917. It Is payable De
cember 18 to shareholders of Record
December 14.
Merchants A Miners.
Directors of the Merchants A
Miners Transportation Co. passed the
usual year-end dividend yesterday,
saying 1937 operations would show a
net loss due to strikes and increased
cost of labor, fuel and maintenance.
They said previous dividends this year
bad been paid out of reserves.
Quaker State Oil
The Quaker State Oil Refining
CJorp. declared a special year-end
dividend today of 15 cents a share.
It is payable December 24 to stock
holders of record December 15.
United Verde.
Directors of United Verde Extension
Mining Co, copper producer and
smelter, with principal properties in
Arison*, declared today an Initial
liquidating dividend ot $2 a capital
share, payable December 20 to stock
of record December 6.
Detract Steel Products.
Detroit Steel Products Co. an
nounced a dividend of 50 cents on
the common stock, payable December
22 to stock of record December 11.
The company paid 75 cents in
September.
Bliss A Laaghlin.
Bliss A Laughlin, Inc., manufac
! turer of steel products with plants at
Harvey, 111., and Buffalo, N. Y„ an
, nounced an extra dividend of 25 cents
and the regular quarterly dividends
of 50 cents cm the common and 37 V4
cents on the preferred, all payable
December 24 to stork of record De
cember 11. An extra of 50 cents was
paid In September.
LOCKHEED UNFILLED
ORDERS HIT RECORD
Ey the Associated Press.
LOS ANGELES, Dec. 2.—Lockheed
Aircraft Corp. reported a new peak in
orders today when the backlog of
unfilled business reached an all-lime
high of $6,125,000, including spare
parts and additional equipment, a
gain of 169 per cent over the same
date a year ago, according to figure*
released by Robert E. Gross, president.
This compares with $2,275,000 re
ported as of the same date a year ago
and with $3,173,000 and $2,878,000
reported at the end of the six and
nine month* period of 1937 respec
tively.
MARYLAND PHONE TAXES
RISE SHARPLY IN 1937
j By the Associated Press.
BALTIMORE, Dec. 2—Chesapeake
& Potomac Telephone Co taxes in
creased more than 8 per cent during
the first 10 months of 1937. the com
pany reported to the Public Service
Commission.
Taxes through October totaled $1,
705,544, the company’s monthly op
erating statement said, and were
$130,840 more than taxes for the same
period in 1936.
October taxes alone amounted to
$178,137, or "about 14 per cent of the
customers’ telephone bill,” the re
port added.
OFFICE FURNITURE
WE SELL, BUY OR EXCHANGE
Chain Steel Piles
Desks Steel Cabinets
Tables 8 ales
BAUM'S FURNITURE HOUSE
1418 Ess St. N.W Phone NA. SIM
SAFETY
FOR YOUR
SAVINGS j
PUe* yomr savings with this Insti
tution when they sn sees red by <
lint trut notes on District of Co
lombia and nearby Maryland and
Virginia real estate. Last dividend
rate. 414%.
HOME LOAN SAVINGS
Association
1520 K St. N.W. NA. 7800
PROPERTY MANAGEMENT
OUTSTANDING ADVANTAGES 7
Which, as an investor, you will
appreciate, are features of our
j FIRST MORTGAGES
• For example:
The interest continues at fixed
rate to the end of the trust.
Forty Years The principal is adequately se
cured by improved real estate.
B. F. SAUL CO.
First Mortgage ^
Investments National 2100 925 15th St. N.W.
MORTGAGE. LOANS
First Mortgage Loans
District of Columbia, Nearby Maryland and Virginia
Homes W Business
Apartments J /(J Properties
Terms from 3 to 15 years
Also
Monthly Payment Loans
Randall H. Hagner & Company
y. (NCO»eO»ATKD \
i I nomoau loan Cobimpondint
1321 Connecticut Ave. N.W. Telephone: OEcatur 3600

Evening star. [volume], December 02, 1937, Page A-23, Image 23
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], December 02, 1937, Page A-23, Image 23 About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], December 02, 1937, Page A-23, Image 23
About Evening star. [volume] (Washington, D.C.) 1854-1972