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Evening star. [volume] (Washington, D.C.) 1854-1972, December 22, 1937, Image 23

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ALUMINUM RISE
ENLIVENS CURB
Hard-Hit Stock Bounds Up
More Than 5 Points in
Late Trading.
•» th« Associated Press.
WEW YORK. Drr. 22 — A fast spurt
In Aluminum of America enlivened an
otherwise quiet share market on the
Curb Exchange today. The stock, hard
hit a few months ago by anti-trust
proceedings against the company,
bounded up to show r gain of more
than R points in late trading.
Generally prices held in a narrow
range as traders waited for news to
break the stalemate Down fractions
were American Cyanamid “B." Ameri
can Light & Traction. Electric Bond fz
Share. Newmont Mining. Pan Ameri
can Airways and Sun Ray Oil.
Offsetting losses were small gains in
American Gas & Electric, Lake Shore
Mines. Pantepec. Oil. Pittsburgh Plate
Glass and Sherwin-Williams.
CURB BONDS
STOCK?
High. Lnw. Noon.
Ala Power 4'2S '67 . S3', 83 82
All Power 5s '08 K«7, 867, 8fi7,
Alum Co Ltd 5r 48 . 106',a lOfi'.. 10R'S
Am P A L Rs 2016 81 80'4 81
Ark-La Gas 4s 7.1 100 300 100
As GAE »'.? '40 C 2R>* CS'i CS'i
As G A E 5s '50 3 4 ' , 34', 34 1 ,
As G A E 5s ’os 31 .30'u 30',
As T A T 5'7s '55 A _ 7C13 73'i 7312
Bald Lo Os ’50 73 1 ' 2 7.8
Bell Tell C 5s 55 A 1 18' ■ 1 18' . 1 18' ,
Can No Pw 5s '58 A 108', 108', 103',
Cent 111 P R :,S 118 G 001, 00', 00',
Cent Oh LAP 5s ’50 03 03 03
Cent. Pw A Lt 5s 56 s,-', 88', 8V,
Cent St Ely 5s '48 4 !', 41', 41',
Cen St P A L 5>i '53 40', 40 40
Chit Dis El Os 'o 1 B 107 107 107
Cities Svc 5s '50 no3, 50T, 60
Cities S Gas 5'.»s '43 08 08 0.8
Cit S PAL 5'2 s 53 55'- 55's 55'2
Clt S PAL 51"2 s 40 50’., 50 50',
Com* Ed 4s '81 F 108 108 1 OS
Comun’ty PAL 5s '57 _ 05 64'3 65
Cont GAE 5s '58 A 80', 80 80
Detroit C Cl 6s ’47 A 104 ', 104' , 104'i,
Det Int Be 6:.-s '53 4’, 4’* 4’a
Det Int Be 7s '53 i's 1>, 1',
Det Int Be 7s '53 cd ’, ’,
East G A F 4s ’50 A 707, 70', 70'3
Edis El Illu 3' - s 05 108 108 108
El Pw A- Lt 5s 3080 to’, to'j 10",
Georgia PW 5s '0, 87’, 81'2 87’,
Glen Aiden Cl 4s '05 07 fifi'j R7
Grand Tr We 4s '50 01 01 01
Guard Inv 5s 48 A 30 >s 80'i 30'i
Hot Wald Ast 5’ '54 14 14 14
Hou Gulf G Os ’13 A 10.'!' , 108', 3 08'4
111 Pw A L 51 is 51 B 03', 03', 03',
Til Pow A Lt 5s '50 C 88 88 88
Indian E C O'jS '.53 B 03 03 03
Indnan P A L 5s 51 A 105’., 105'a 105'i
Interst Pw 5s 57 44 44 44
Interest Pw Os '53 35'. 25'a 35'i
Interest P S 5s 50 D 7 1’., 11% 71’i
Iowa P A L 4'ss ’5S A ion’, 100’, loo’,
Jackson G 5s '42 stp 38 38 38
Jer C P A L 4'-s 'ot C 104 104 104
Lehigh P S Rs 3030 A I'll ', 101', [o] i,
Miss Pow 5s ’55 71', 71 71',
Nat P A L Rs 302R A 83’, 83 S33,
Nat PAL 5s 3030 B 74'- 14'- 1-4'.
Nevad Cal El 5s '56 7 4', 73’, 73'',
New E GAE 5s '47 58", 58’, 58-’,
New E GAE 5s '50 58 57", 57’,
NY P A Lt 4'2S ’67 108 108 108
N Y S EA-G 4'2S ’80 03 0" 0”
No Con U S'vS '48 A . 40’, 407» 407',
Okla N G 4' ,s ’51 A 01 OR’, OR’,
Pac Invest 5s '4 8 A SR SR 8R
Pac PaL 5s '55 R5', 047, 047,
Penn C LAP 4'is '7 7 so’, so’, so’,
Penn C PAL 5 s ’70 OR OR OR
Penn El 4s. '7IF SR SR SR
Penn Oh Ed 6s '50 06 OR OR
Pub S N I 4' 5 '8! F 103', 103', 108',
Pug S PAL 5'is '40 fin RO 60
Ptlg S PAL 4'as 50 D 6.3>i fi.3'2 R.i'i
Safe H W'a 4'is '70 100', 100’, 100',
«t L GAC Rs ’47 mat 10', 10', 10’,
S E PAL Rs 3025 A 05 04'i 04’2
So.i Cal Ed O'-js 60 105 104’, 104’i
Std GAE cv 6s *85 mat 55 55 55
Std G<V'E Rs 51 5R 55’, 557,
Std GAE Rs 'RO 54'- 54'2 541 j
Stand PAL Rs '57 53', 53 53',
Texas Elec 6s ’60 _ 07’, 01’, 07’,
Tex PAL 5s '30 103’. 103’, lii.’i7.
Unit LAP Rs '75 6868 68
Unit LAP 6'is '74 13 73 13
Unit LAR D 5'is '53 18 17’- 18
Va Pub Rer 5s '50 B 83 S3 83
Wash Gas Lt 5s '58 ] 05 105 105
West News U Rs 44 88 38 38
West T Ut 5.S ’51 A 87 I, 81 87
We V GAE V.-s '55 A 104', 104’, 104’,
Wis PAL 4s ’fifi 03', 03', 03',
FOREIGN BONDS.
Chile M B Us Ml st 14 14 14
Col A«tr M B 7s '47 'Id'.. 2O'2 «n'-a
Ger Con Mun fis 47 •_’(>'» "O', ‘’n1.
Nippon F P R * is '.V! fih', fin fin
Parana Braz is 'SS l-;1 12'2 i"u
Pomeran El fis VS -'O', "iii, I
Stinn 'Hi 4s ’40 2d at 4:1'. 4:;'..
ww—With warrants, xw—Without war- ':
rams n—New s' istp- -Stamped
INeaoiIabllny impaired fiy matnrl'v
tComparies reported in recer,ership.
Washington Exchange
SALES.
PntxHnar Electric Power 5%,?'r pfd —
1 at 1101/2.
American Security & Trust Co.—40
•t 250.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
, Bid. Asked.
Amer Tel. * Tel. 4%s,_ inn
Anacostia & Pot. 5s_ 5n 60
Ana. & Pot. Guar. 5s _ . 107
C. & P. Tel. of Va. ns J05
Cap. Traction R. R. 6s _ 5R 68
City* Suburban 5s _ 50 54%
Georgetown Gas 1st 5s _ ii:t
Pot, Elec, Pow. 3%s 103%
Wash. Gas 5s 1955 _ _ ] 0434 108
Wash. Gas 5s I960 115
Wash. Rwy, * Elec. 4s 108 HI.
MISCELLANEOUS.
Chevy Chase Club 1st. 4%s 10"
Col. Country Club isr 4%s ln:t
W. M. Cold Storage 5s 100 III.
STOCKS.
PUBLIC UTILITY.
Amer. Trl. * Tel. (9» *145'.,
Capital Transit Co 7% r%
N & W. Steamboat (R) fin rr
Pot. Elec Pow 6% pfd. (Ri us
Pot. SI. Pow. 5%% pf (5.50) 111%
Wash. Gas Lt. new >1.20) 18% 23
Wash. Gss pfd. (4.50) 98 pg%
Wash. Ry. A: El. com. (36>g Ron
Wash. Ry. * Elec. pfd. (5) 108
BANK AND TRUST COMPANY.
Amer. Sec. * Tr. Co. ieSi 250 "R5
Bank of Bethesda (h.75)_ *:!••% ~
Capital (4) . 125 140
Com. k Savings (elO) *255
Liberty (5) _ __ . _ 149% 105'
Lineoln if5.00i "40
Natl. Sav. & Tr. 275 250
Pr. Georges Bk. k Tr. (.50) 20 "5
§1MR <e,2’ 285 320
Riggs pfd. (5* _ 101
Washington 16) 130
Wash. Loan & Tr. <e8)_ 240 295 -
FIRE INSURANCE.
American '8' 170
Firemen's (1.20) 28
National Union (.75) *13%. II”
TITLE INSURANCE.
Columbia (.301 __ __ 10 14
Real Estate (6) , . 150 175
MISCELLANEOUS
Carpel Corp. (2.00) *20 25
Lanston Monotype (t4.00) _ 70 90
Lincoln Serv. com. (tl.OO), *17 22
Lincoln Service nfd. (3.50), * 50
Mergenthaler Lino. (2.001 23% 26
Peoples Dr. St. com. (tl.OO) 30 35
Peoples Dr. 6t. pld. <8.50>. 110%
Real Est. M.&G. pf. (**.30)_ 4% 5%
Security Storage (51 _ 95 120
Ter. Ref. * Wh. Corp (3) 80% 75
Wdwd. A Loth. com. (tl.50) *50 60
Wdwd. & Loth. pfd. (7)_*117 _
*Ex. dividend.
■•Plus extras, e 2*> ektra. I 2%'T, extra.
» *14 extra paid Nov 30. 1937. h 75
cent# extra. **30 cents paid June 74.
1837. t
CHICAGO LIVE STOCK.
_ CHICAGO. Dec. 22 i/Ti (United States
Department of Agriculture).—Hogs, 17,000.
Including 4.600 direct; market closing
2.4-35 higher than Tuesday’s average
snots up.more on butchers. 210 pounds
up; top. 8.30: bulk good and choice. 150
200-pound averages. 8.10-30: 210-240
pounds. 7.85-8.25: 250-300 pounds. 7.60
8 00: most good naoking sows H.70-7.on
15-25 higher; few on the butcher order
UP to 7.15.
Cattle. 7.000: calves. 1.200: shippers
and order.buyers taking a few medium
weight and weighty steers at fully steady
prioes. using these on specialty account;
all others dull, with undertone weak;
prospects lower on kinds selling at 10.50
down; early too. 13.25 paid for highly
flnisbed 1,377-pound averages: next high
est prices. 13.00, these scaling 1.407
pounds: few loads 12.00-25. but very lit
tle done on rank and die of crop: beef
cows weak, cutter grades fairly active,
steady; bulls steady to easy and vealers
about steady at 11.00 down: cutter cows,
5.00 down to 4.00; heifers steady to
strong.
Sheep. 8.000: none direct: fat lambs
slow; early undertone 25-50 or more lower
than uneven trade Tuesday; talking 8.25
50 on good to choice lambs now held
upward to 8 75 and above: undertone weak
to lower on sheep; feeding lambs scarce.
L 4
NEW YORK CURB MARKET
(By private wire direct to The Star.)
Stock »nd Sale*—
Dividend Rate. Add 00. High Low Close.
Acme Wire (4b) 126* 27 26% 26%
Aero Su B .12%*. 8 3% .3% 3%
Ainsworth 1.50g.. 2 6% 674 674
Air Devices_ 6 % % 74
Air Invest _ 3 1% 1% 1%
Airlnvwar_ 2 % % %
Alliance Invest.. 2 1% 1 1
Alum Co Am ... 1150* 87 81 83
Alum Co pf (6)... 10(1* 105% 105 105
Alum Ltd ... 200r 77 76 76
Alum Ltd pf (6).. 200s 98 98 98
Am Airlines _ 2 10% 10% 10%
Am Box Bd 1.51>g_ 4 8% 8% 8%
Am Centrifugal . 2 1% 174 174
Am Cit P&LClh). 160s 26% 26 26
A CP&L ww 2 % h 1 24% 24% 24%
Am C.'yna A 60a . 20s 27 27 27
Am Cynam B 60a 23 23 22% 22%
AmfeFpnPwar. 1 1% 1% 1%
Am Gas&El 1.40a. 28 29 2774 28%
Am G&E pf (6). 300s 110 110 110
Am Gen 8 4% 4% 4%
Am Gen pf (2) . 60s 25 25 25
Am Hard Hub 2g 200s 12% 12% 12%
Am Latind M ,80a 2 17% 17% 17%
Am L*T( 1.20a).. 6 13% 13% 13%
Am Maracaibo_ 12 74 % 74
Am Meter (4b) 1 23% 23% 23%
Am Repub(.40c). 9 10 9% 9%
Am Sup Power .. 31 1% 1 j%
Anpostura 40b . 5 4% 4% 4%
Apex Elec (.60s). 1 10% 10% 10%
Appal El P pf (7 ) 10s 103 103 103
Arctur Rad Tube 7 % % %
Ark Nat Gas _ 2 3 . 3% 3%
Ark Nat Gas A 27 3% 3% 3%
Ark Nat G pf 6('k 1 6% H% 6%
Art Metal W ,80a 1 6% 6% 6%
Ashld O&R(.40)__ 4 4% 4 4
As G & El. ....... 1 % 7* 74
As G & El A_ 20 1% 1% 1%
As G & El pf 3 8% 8% 8',
AtCst Fish(.35g) 2 3% 37* 374
Atlas Corp war ..3 1 l l
Austin Silver M._ 15 % J, %
Automat Prod .. 3 1% 1%, 1%
Avery&Sons 60g. 3 8% 8 8
Alton Fis A ... 180s 15% 14% 15%
Babcock&Wil 5g_ 125s 90 88% 88%
Baldwin Lo war .7 4 4 4
Bardstown 075g. l 1% 1% ]%
Barium Stain Stl. 13 2% 2% 2%
Beaunlt M 1.30k . 2 5 5 5
Bellanca Air ,o('g. 4 3% 3% 3%
Bell Aire ... 7 15% 15% 15%
Berk&Gay Furn_ 4 1 1 1
Rerk&G f war _ 2 % % %
Birdsb.SFl.25B- 1 7% 7% 7%
Bliss (EW) new. 6 7% 7 7
Blue Ridge (.lag) 1 1% 1% 1 %
B1 Rid cv pf(3h) . 1 37% 37% 37%
Brazil T&L 1.40g. 6 13% 13% 13%
Breeze Corp .50g. 3 6 6 6
Bridgep’t M (2g)_ 12 9% 9% 9%
Brill A_ 1 3% 3% 3%
Brill B_ 2 2 174 174
Brill pf _ . ... 50s 24 24 24
B A Tob B(.945g) 2 27 27 27
Brown Co pf 150s 27 27 27
Brown F&W 60a 3 5% 5% 5%
Brown 5’ Hist 4 2% 2% 2%
Buckeye P L 3.75? 60s 37% 37% 37%
BN&KP 1 pf(5) . 150s 100% 100% 100%
Bnk H & S (1 % )_. 6 15% 15 15
CabElPrvtc- 1 ft ft ft
Can lnd Ale A_ 4 4N 4N 4N
Can Marc Wire .. 10 IN IN IN
Cap City Pr(.fin)_ 2 9N 9 9N
Carib Syn < 50h)_ 11 IN 1 IN
Carnegie Met 1 IN IN IN
Carrier Corn _ 8 32N 3m 31N
Carter tJW) 60g 1 6N 6N 6N
Catalin Am __ 10 2N '2N> 2N
Celluloid . 2 3'3 3 3
Cen N Y Pwr pf 5 40s 87N 87N 874
Cent Oh Stl 1.20g 1 6N 67« fiN
Cen&SwCt . ... 5 2N 2 2
Cen St El _ 36 H N %
Cen Sr El 6% pf . 100s 6‘, 6N 6»»
Chamb MWS .80 2 6N 6N 6H
Chief Cons _ 18 ft N 4
Childs pf _ 75s 31 334 334
Cities Service_ 82 2N 2 2
Cit Serv pf _ 15 42 41 414
Cities Svc pf B_ 3 3N 3N 3N
Cit Svc P $ 7 pf _ 125s 39 39 39
City Auto St 60a 2 4N 4N 4N
Claude Neon Lt 10 IN IN IN
Clev El Ilium 2a. 100s 32N 324 324
Cleve Tract _ 1 4ft 4ft 4ft
Club A1 Uten_ 4 IN IN IN
Colon Develop_ 7 2N 2N 2N
Col Fuel* I war... 3 5ft 5ft 5ft
Colts Pat F A 4g. 4 56 55N 56
Col O & G t.40g). 24 4 3N 374
Comwlth E 1.25a. 6 27N 26ft 264
Comwlth&Sowr 25 ft N ft
Com P&D 1 pf_ 50s 25 25 25
Com Wat Svc _ 2 4 4 4
Compo Shoe Mia 2 12N 12N 12N
Cons CopM.12t4g 38 4ft 4ft 44
Con G&E B<3.60 ) 2 654 65 65
Cons Min&Sm la. 50s 59 59 59
Cont Roll & Stl... 2 7N 6N 7N
Cooper-Bess _ 4 74 74 71*
Copper Range_ 1 5N 5N oft
Corroon & Rey_ 1 2U 2N 2N
Cosden Petro_ 6 l7* IN IN
■Creole Pete(,50a) 13 24N 24 ft 24ft
Crocker W ,10g_ 2 7N 7 7
Croft Brewing 5 ft ft ft
Cro’n Cen Pet.lOg 1 4N 4N 4 ft
Crown Drug 17 IN IN IN
Crown D pf(l.75) 50s 17ft 17 17
Cuban Tobacco_ 1 3N 3N 34
Cusl Mex - 9 ft ft ft
Darby Pet ( %)— 4 8% 8 8%
Dayton Hub _ 2 8% 8% 8%
Det Mich Stove3 2% 2% 2%
Det Pap Pd (Vi).. 2 2% 2% 2%
Det Stl Prod(2g). 3 19% 19% 19%
Piam’d Shoe (2) 25s 16% 16% 16%
Dom St & Coal 12 16% 15% 15%
Draper Corp(3a). 20s 51 51 51
Dubilier (.15g> . 4 1% 1% 1%
Duke Pwr 5.078* 50s 64% 64 64
Duro Test (.40a). 1 6% 6% 6%
Duval Tex_ 6 8 7% 8
Eagle Picher ,40g 16 9 8% 8%
East Gas & F 13 3 3
E G&F 6% pf(3) 100s 28% 28% 28%
E G&Fpr pf(4% ). 25s 50% 50% 50%
EastStaCorp 1 1% ]% 1%
East States B pf 100* 18 18 18
Easy WM (B ).75g 1 4% 4% 4%
Edis Br Strs (1).. 1 12 12 12
El Bond & Sh __ 72 10% 10% 10%
El B&S $5 pf (5).. 2 54 54 54
El B&S pf (6) 5 59% 58% 59%
El Pwr Asso .37g. 3 3% 3% 3%
ElPwrAsA.37g 3 3% 3% 3%
El P&L 2d Df A 100* 35 34% 34%
Electrolvtc 2 1% 1% 1%
Emp G&F 7 % pf. 150s 40 39% 40
EmpG&F8%pr_ 50s 41 41 41
Emsco D&Eq (1). 19 9 9
Equity Corp 4 % H %
Esquire C (,60g). 1 10% 10% 10%
Evans Wallo 19 fr % %
Ex-Cell-O <.80a)_ 15 11% 11 11
Falstaff (1.25c) . 4 7 64 64
Fodders Mf 1.20c. 19 9 9
Ferro En(2.50g)_ 5 214 214 214
Fldelio Brew _ 6 V* V* 4
Fisk Rubber 12 64 64 64
FI P&R 7 pf 1.75k 250s 41 394 394
Ford M Can A(l) 1 164 164 164
Fd M Ltd(.213c) 5 54 54 54
Franklin Ray .50g 14 4 4
Froedtert(1.35g). 17 7 7
Froedt cvpf 1.20.. 100s 144 144 144
Gen Invest — l * * *
Gen Invest war 2 A A A
Gen Pub S pf (6). 40s 374 374 374
Gen Tele (la) . 5 124 124 124
Georg Pow pf (6). 50s 75 75 75
Glib AC pf (34). 10s 384 384 384
Glen Alden .50g _ 4 54 .54 54
Godchaux Sug B_. 2 11 11 11
Goldfield Con _ 2 4 4 4
Gorham Inc (A).. 1 24 24 24
[ Gorham vtc 3.25g 1 18 18 18
Grand Nat Films. 23 4 4 4
Gr Rap V (1)_ 18 8 8
Gray Tel PS (1) 3 44 44 44
Gt A&P n-vt 6.25g 275s 484 484 484
Guard Inv_ 1 4 4 4
Gulf Oil (1)_ 14 38 374 38
Hat Corp(B).80g. 1 44 44 44
Hazeltlne (3) 1 164 164 164
Hearn D S 1.65g_. 6 74 74 74
Hecla Min (.95g). 4 84 84 84
Helen Rub A (1). 1 64 64 64
Hoyden Chem 2a_ 2 334 334 334
Hewitt Rub (1).. 4 74 74 74
Hollinger (65a) . 1 124 124 124
Hudson Bay 1.75g 23 24 234 234
Humble Oil (2g). 11 684 674 68
Hummel Ros SOg 1 54 54 54
Huyl (Del) pf at. 50s 8 8 8
Ill Iowa Pow ... 3 3* 3* 8*
III Iowa Pow pf._ 5 16* 16 16*
111 Iowa Pdivct- 3 6* 6* 6*
111 Zinc (,75g) . 150s 11 10* 10*
Imp Oil Can ,50a. 3 17* 17* 17*
Ind Ter 111 A_ 2 1* 1* 1*
Ind Ter 111 B_ 2 1* 1* 1*
InsCN Am(ta).. 300s 57* 57 57
Inti Cgr M (2a)__ 1 18* 18* 18*
Int Holding_ 2 1* 1* 1*
Int Hyd-Elec pf.. 1 18 18 18
Int Hydro El wr.. 1 * * *
Inti Pa&Pw wax.. 15 2* 2* 2*
Inti Pet (l*a)_ 7 28* 28* 28*
Inti Prod_ 86 2* 2* 2*
Inti Rad (.85g) — 7 6’* 6 6*
Inti Vltam 1.50)— 8 8* 3* 3*
Inter Util A_ 3 7* 7* 7*
1
Stock and Sales—
Dividend Rate. Add 00. High Low Close.
Interst H Eq .44a. 14 4 4
Inters Pw Del of. 10s 44 44 44
Inv Royalty 06a 2 ft 4 £
j Irving Air Chu la 1 74 74' 74
Jacobs Co (2g) _. 8 6 54 54
Jer C P&Jj pf f7). 20s 82 82 82
Jonas & Nau 30g. 1 24 24 24
Jones & Lau Stl.. 3 374 37 37
Kennedy's!.60g). 6 54 64 64
Kingsbury Brew. 4 4 4 4
Kingston Pri 40). 7 24 24 24
KirkldL.GM.09g. 1 14 14 14
Krueger 1.374g_. 4 74 74 74
hack RR NJ <4)_. 10s 454 454 454
hake Sh M 14a ) . 10 514 50H 514
Lehigh C&N4.30). 9 34 3% 34
heonard OH -.12 4 AH
he Tourneau la . 1 174 174 174
Lion Oil ila) _ 8 18% 18 184
hockheed Alrc _. 25 9 4 9 4 94
hone Star G .60g. 3 7V« 74 74
hong Is Lt ... 6 1% 14 1%
h I htg pf 3.50k.. 20s 40 39 40
Long Is L pf B 3. 90s 34% 344 34%
hah&Expl 40a. 18 94 84 94
McCord Rad B . 2 24 2% 24
McWUl'sO 1.26k 3 10% 10% 10%
Mercant Strs(Sg) 100s 174 174 174
Mesabl Iron .51 AHA
MetTpt pf(34a). 10s 294 294 294
Mich Bumper_ 3 H % %
Mich G & O _ 4 44 4% 44
Mich Stl T 1.50g .18 8 8
Michigan Sug 3 4 4 4
Midvale Co <6g). 25s 624 624 624
Midwest Oil (1 ) . 4 7 64 64
Min'ng Corp Can 2 14 14 14
Molybdenum! lg) 9 6% 5 5
Mngrm Pictures.. 12 14 1% 1%
MounCitC 25g . 4 54 5% 5%
Mount Prod I 60) 4 4% 44 44
Muskegon P R 2g 1 10% 10% 10%
Nat Auto F n 25h 1 54 54 6%
Nat Bellas Hess.. 7 4 4 4
Nat Fuel G < 11 ... 2 14 14 14
Nat Mfg & Strs 1 2% 2% 2%
Nat Oil Prod 2. lOg 1 194 194 19%
Nat P&Ltpf(6) 150s 614 64 64
Nat Rub Mch _ 2 4', 44 44
Natl Trans (lg).. 1 74 74 74
Nat Tunnel & Al_. 7 1% 14 1%
Nat Un Rad ... 4 4 13 «
Nehi Corp <3g) ... 3 34 34 34
Neptune (A) .50g 16 6 6
N ET&T (6.2Sg). 10s 1014 1014 1014
N J Zinc (4.60c) 450s 60% 594 594
Newmont Min 3a. 5 61 6114 61
N Y Auction ... 1 14 1% 14
NY P&Lt pf (6> . 10s 914 914 914
N Y Shlpbldg Fd. 2 64 64 64
N Y Transit (lg). 3 34 34 34
NY Wat Ser pf . 40s 16 154 16
Niag Hudson (Og 29 84 84 84
Niag Hud I pf<5) 150* 77 77 77
Niag Hud A war. 1 A A A
NiagSMdB 60g 12 54 5% 54
Niles-Bem-P(2a) 3 36 34 34
Nipissing 1 37g).. 1 14 14 14
Noma El !.40g).. 2 34 3% 34
Nor Am Lt&Pw.. 8 1% 14 14
Nor Am L&P pf . 150s 37 37 37
No Am R A 2.25g_ 3 204 20 20
No Am R B 2.25g. 1 20 20 20
Nor St PA .. 3 114 11 11
Nwst Eng 1.75g . 2 12 12 12
Ohio Br Bass (3). 25s 314 314 31%
OhioOil pf (6)... 2 1094 109 109
OklaNatGas_ 11 7% 74 74
Oldetyme Dist_ 2 24 2% 2%
Pac Lgtng pf (6) _ 60s 1034 103', 1034
PacTin spl (2a) . 50s 264 26*. 264
Pan Am Airi .2£>g) 10 184 174 17%
Pantepec Oil .. 94 54 5%
Paramount Mot _ 1 54 54 51,
Prkbg R&R 1.60a 7 184 174 174
Pennroad (,25g). 24 24 24 24
Pa P&Lt pf (7)_70s 92% 92 92
Pepperell (6a) . 325s 76 75 76
PharisT&R 60.. 2 3% 3% 3%
Phila Co (1.05c) 1 74 74 74
PhoenlxSec( 4a) 4 24 2% 2%
Phoenix Sec pf 3 . 200s 20 194 19%
Pierce Gov (.60).. 4 10 94 10
Pitnev-Bow .50g. 1 5% 5% 5%
Pitts Forg . 3 8 8 8
Pitts & LE 6.75g. 140s 60% 611 60
Pitts -Metallu la . 2 8 7% 7%
Pitts PI G1 6.60k.. 2 87V, 864 864
Pleas Val W .log. 1 1% 1*, 1%
Plough. Inc (.80). 3 8 7% 7%
Polaris M l.03g).. 8 2% 2% 2%
Potrero Sugar ... 1 (J « (i
Premier Gld 12a. 1 14 14 14
Pressed Met (2).. 1 19% 19% 19%
P S Ind $6 pf . 80s 134 13 13
Pug S P $3pf64k 100s 32 32 32
Pug Sd P 46 pf .. 75s 154 15 15
Rainbow hum A.. 3 % % %
Rainbow hum B._ 5 4 % 4
Red Bank Oii 1 34 34 34
Reed Ro Bit 8(ta.. 2 24 24 2«
Reeves D (Hti)_ 2 3% 3% 3%
Reiter Foster_ 1 % % %
Reynoids lnv _ 2 % % 4
Richmond Rad . 2 14 14 14
Roch G&E pf D 6 50s 96% 964 964
Rome Cable ... 3 64 64 64
Root Pet (4g) .. 2 3 24 3
Royal Typ 4 % g 100s 42 42 42
Russeks FA (%) 1 54 5', 54
Rustless 1 & S_ 18 8 8
Ryan Cons _6 34 34 31%
Ryerson & H_ 4 1% 14 14
St Rests Pap 69 3'* 3 3
Scoville Mf 1.75g. 2 254 254 254
Seem Bros 2.50a.. 1 37 37 37
Segal Lock .311 1 l
Select Industries 10 14 1 14
Selelndcvl’ik 250* 8 7 4 74
Selec Ind al ct 54 50s 56 56 56
Sel ind pr pf 54 100* 54 54 54
Seton Leath ,50g_ 3 44 44 44
Seversky Aire 5 14 14 14
Shat Dem M ,26g. 3 74 74 74
Sherwin-Wms 4a 100* 90 89 89
Sherw Wms pf 5. 160* 1084 1084 1084
Silex l.aOg) ..16 6 6
Solar Mfg (,20g). 1 24 24 24
Sonotone (,25g)_. 4 14 14 14
So Coast <.30g> . 4 34 34 34
S CalE pfC 1.37 4 1 244 244 244
Sou Pipe L.4ag .. 1 44 44 44
Sou Un Gas _ 4 2 2 2
Span & Gen Ltd.. 34 It 4 4
Stand Brew _ 3 4 V* 4
Std C&Scvpf 1.60. 4 174 17V* 174
Stand Invpf-150* 11 11 11
St Oil Ky (la) .... 1 174 17V* 174
Stand Oil(O) la.. 3 22S 2lv* 21V*
St Pow & Lt _ 7 14 IV* lv«
Stand Products.. 3 54 54 54
Starred Cor vtc._ 3 34 34 34
Sterch Bros .50g 1 44 44 44
St Alum Prd 1.208 2 6** 64 64
Sterl Inc (.20a) . 2 2V* 24 24
Stetson( JB).50g_ 100* 9 9 9
Stinnes (H) _ 1 lvi 14 Hi
Strook & Co 2 . .. 50s 114 114 114
Sunray Oil(.25g). 2 3 24 24
Swiss-Am El pf 50* 1084 1084 1084
Taggart 9 4'4 3*4 3%
Taylor (K) Dist— 4 l)j IS, is.
Technicolor .75g. 14 18 17H 171*
Texon Oil (.60) 2 4 4 4
Thew Shovel ,50g 100s 10)4 10)4 10'4
Tilo Roof (la)— 19 9 9
Tob Sec Ltd D 8 2>4 2'-, 2)4
Todd Shipy’d 2a.. 60s 46 46 46
Transwest Oil_ 18 6*4 6*4 6)4
Tri-Cont war_ 2 s,
Tubize Chatillon. 6 7*4 7)4 7V<
Tubize Ch A (4g). 1 28)4 28)4 28>^
Tung Sol L pf.80_ 17 7 7
Ulen & Co 5% pf.. 12 2 2
Un Gas (Can) *0. 1 13S 13S 13S
United Airo war.. 3 104* 10S 10S
Utd Cgr Wh Strs. 6 S * S
Unit Corp war_ 3 ft s 4*
Unit Gas _ 43 4!* 4>* 4v*
Unit Gas war_ 3 11* 114 n*
Unit Gas pf (7)—. 1101 101 101
Unit Lt & Pow A_ 21 34* 34* 314
UnitLt&PwB _ 1 414 4V4 414
Unit Lt & P cv pf. 5 274« 27 J7
Unit Shipyds A— 2 2S 2 •’t*
Unit Shipyds B -. 6 1 1 1
Unit Shoe M 2%a. 75s 721* 71 721*
Unit Spec (1.40) 4 614 6 6
U S Foil (B) .66g. 3 6 6*4 6%
US&Int Sec pf 5k 100a 56 551* 56
U S Radiator- 1 344 344 344
U S Rub Reel_ 12 2 2
U S Stores__ 6 14 44 14
United Strs vtc_ 2 A & A
U S Strs 1 pf _10s 344 344 344
Unit Ver Ex 3g.._ 1 IS is is
Unit Wall P 16g_ 4 214 214 214
|UnivCorpvtc_ 2 2 2 2
Univ Piet 15 5 5
Ut-Idaho Sug.l7g 4 114 is 114
Ut P*L pf 4.08k. 200a 3914 38S 39
Util Pw & Lt (r). 10 14 (4 v4
Util P & L B (r) .. 6 11* 114 174
Utility Equity pf. 25s 41 41 41'
Valspar Corp vtc. 3 2S 214 2S
Valspar pf vtc 100s 26 26 ->6
Van N MT 2.20g.. 2 121* 12V* i»v*
Venexuela Petrol. 4 114 114
Voght Mfg 1.25g. 2 6H 6% 644
Waco Aircraft _ 4 2S 2S 2H
Welsbm B B ,40a. 4 6V* 51* 614
Welling Oil .05g.. 8 6 5s 514
Wentworth I5g_. 7 244 21* 214
West Va C & C_ 4 214 2V« 214
West Air Exp ... 1 31* 3S 314
Weyenberg (.80) 60s 6V* 614 614
Wilson Jonea.75g g 9 9 g
Wolverine T .40g. 9 5 4S 4%
1
Fears Evidently Subsiding
as to Strength of U. S.
Business.
By GEORGE T. HUGHES.
NEW YORK, Dec. 22 (N.A.N.A.).—
The report from Washington that for
eigners are buying on balance in our
stock market, together with the as
surance of Secretary of the Treasury
Morgenthau that the recent outflow
of gold to France Vas not the re
sult of liquidation of American se
curities. is both interesting and sig
nificant. It seems to show that Eu
rope is no longer alarmed over the
business setback on this side.
Probably it wpuld be too much to
assume that the British and the Dutch
are confident about our outlook, but
at least they feel funds invested here
are as well placed as they would be
at home. The Treasury, it is stated,
will shortly make public a detailed
report of foreign trading in Amer
ican securities, covering the time since
the first break came in the late sum
mer.
No Shill in Trade Balance.
There is no doubt about the fact of
repatriation of French capital, but
there is some mystery about the rea
sons therefor. Certainly the return
of funds was not actuated by an im
provement in the balance of trade.
Quite the contrary is the case, for the
excess of imports for the first if
months of 1937 was some 16 billion
francs against 81 billion francs in
the same period of 1936. For the
month of November the excess of
imports was a billion and a half francs.
Some of the Paris dispatches discuss
the possibility of instituting foreign
exchange control. The budget situa
tion is unfavorable also. The figures
as given by the present minister of
finance are disputed by his predeces
sor. who alleges that the loans the
government will jia\c to issue next
year to cover the deficit will be twice
the amount in the official estimate.
Against this we have the outflow of
gold from this country to Paris, which
the United States, at least, has no
cause to be concerned about. The
more gold that goes, within reason of
course, the better for us.
Market Continues Hopeful.
Speculative attitude toward the
stock market continues hopeful. Not
much help is expected front the busi
ness statistics, except perhaps in a
negative way. It is felt that they will
not get any worse, even if they get no
better. The main reliance is put
upon the fact that, with prices so
low. all the adverse has been dis
counted. including probably the dismal
fourth quarter reports still to come
Stocks are In strong hands, as the
saving goes, and holders are not easily
scared. They are looking forward to
improvement some time in 1938 and
are willing to wait.
Considerable buying is going on in
the aviation stocks and in those shares
of heavy industry which would benefit
from an extensive armament program.
Nervousness over the outcome of the
Panav affair is dying down, but in
any case large expenditures for na
tional defense are anticipated.
If there should be any fear of actual
hostilities, the market would break at
once, but strengthening the Navy Is
quite another matter.
With regard to the railroad stocks,
an increase in rates is t alien for
granted. The Street is busy calculat
ing just how much per share an in
crease at various percentages would
mean to different carriers. Some of
these estimates make allowance for a
falling ell in loadings due to the busi
ness recession, as well they may. and
yet the conclusion always is that the
stocks will be worth more if and when
rates are advanced. This being so,
the poor November reports are being
overlooked.
(Copyright. 1937. by the North American
Newspaper Alliance. Inc.)
BLACKMER QUITS POST
WITH STEEL WIRE FIRM
B? lh»» Associated Press.
CLEVELAND, Dec. 22—The Amer
ican Steel & Wire Co. announced
yesterday C. F. Blackmer had re
signed as president, effective January
1. C. F. Hood, executive vice presi
dent, was elected to succeed him.
The company said Blackmer had
resigned also the presidency of the
Cyclone Fence Co. and the Standard
Fence Co., and had relinquished
directorships in these companies and
smaller affiliates, all subsidiaries of
United States Steel Corp. Hood suc
ceeds Blackmer as president of the
subsidiaries.
Blackmer has served almost 40
years with the steel company and one
of its predecessors, the Washburn
Moen Manufacturing Co. He was
elected president in 1933.
Hood, who moved up through the
ranks from foreman, recently was
elected a director of United States
Steel Corp of Delaware. He is 43,
Blackmer 58.
SHORT-TERM SECURITIES.
(Reported by Chas. D. Barney & Co.)
Bid. Offer.
Amer T & T 5%s '43-. . 112% 112%
Auburn Auto 4%s '39 19',g 21
Baldwin Locomotive 5s '40 102
Caliiornla Packing 5s '40 . 104 104%
Carolina Cl & Ohio 5s '38 .. 101% 101%
Chesapeake & Ohio 5s '30 . 106% 106
Edison El Illuminat 4s '39 103% 10.3%
General Pub 3erv 5%s '39 94% 97%
Grand Rap & Ind 4%s '41. 100
Houston Oil 5%s '40 99% 100
Intnatl Merc Marine Os '41 48 63
Intnatl T & T 4%s '39 „ 89% 89%
Laclede Gas Light 5s '39.. 91 91 %
Lehigh Valley Coal 6s '38 _ 73
Lehigh Valley Term 5s '41 87
Long Island Gen 4s 38 100%
Louisville & Nashville 4s '40 104% 105%
Michigan Central 4s '40 __ . ._ 102%
Midland RR of NJ 5s '40 . 17 24
Milw * Northern 4%s '39 88
NY Chi & StL 6% notes '38 86% 87%
New York Dock 5s '38 41 47
New York Tel Co 4%s '39__ 106% 107
Pacific RR of Mo 4s '38._ 80 85
Pennsylvania Co 3%s '41.- 102% 104%
Penn-Dlxie Cement 6s '41- 88% 88%
Pennsylvania RR 4s '43-- 109% 109%
Phila Balt & Wash 4s '43 109% 110%
Rio Grande Western 4s '39 43% 50
Term RR As BtL 4'is '39- 106% - —
Vanadium Corp 6s '41.. 82 83
Vertientes Sugar Co 7s '42 10 10%
Wabash Rwy 5s '39_ 70 71
Warner Bros fis '39 - 7.3 Ip .6
Western N Y & Pa 4s '43.- 107% 108%
Western Union 5s '38- 99 99%
Stock and Sales—
Dividend Rate. Add 00. High Low Close.
Wright Har(.40a) 3 7h 7% 7%
Ygstwn S D .75g- 7 20V4 20 20V4
Yukon Gold .2is- 6 lfc 1* 1*»
r In bakruptcy or receivership or being
reorganized under the Bankruptcy Act or
securities assumed by such companies
X Kx dividend a Also exera or extras,
bIncluding extra or extras. ePald lazt
year (Payable In stock, g Declared or
paid so far thlz rear no regular rata
h Cash or stock k Accumulated dividend
bald or declared, ur Under rule ev With
warrants, xw without warrants, 'war War
r*Rates of dividends m the foregoing table
are annual disbursements baaed on the
last Quarterly or aeml-annual declaration
Unless 'itherwiss noted, special or extra |
dlvidens are not included. ,
Corn Leads Slump in Staples
Porcontogo of Doclino in Pricot of Soloctod Commodities from Thoir 1937 Highs
0 *
Some Warn Against Excess
Optimism, but A. P. I. Head
Cites New Records. ,
By i he Associated Press.
TULSA. Dec. 22.—Don't shout it too
loudly, but 1937 is going down as a
banner year for the petroleum industry.
There were last-quarter jitters,
brought on by the business recession,
but Christmas week finds most oil men
agreed their stockings are pretty gen
erously filled.
Some call it the best year since 1929.
Others hold up a warning finger
against too much optimism.
The business boomed along through
unprecedented Summer eonsumption
and achieved sufficient momentum to
carry it handily over the slump of
the last three months.
Axtell J. Byles. president of the
American Petroleum Institute, called
it a year of new records. He noted
an estimated domestic all-time peak
production of crude oil of 1.280.000,000
barrels, as against 1,098,516.000 last
year; 30.000,000 motorists consumed
22.000. 000.000 gallons of motor fuel,
enough to drive their cars an aggre
gate 330.000.000 000 miles, or about
80.000. 000 miles farther than the esti
mated travel in 1931, the pre-depres
sion peak year for highway travel.
Consumption 11 Per Cent Higher.
The United States Bureau of Mines
estimated consumption of petroleum
products in the United States at 11
per cent higher than last year, the
previous peak. •
As the year opened major com
panies failed to follow Continental’s
lead of a 17-cent-a-barrel horizontal
increase for crude, but after some con
fusion, a basic increase of about 12
cents resulted. Local over-supply in
the East brought crude cuts late in
the year. The Midcontinent held firm.
Gasoline prices weakened after the
biggest summer motoring season in
history, and the current wholesale
price was estimated about a cent below
that, of six months previous.
While use of residual fuels in big
industries declined as business slack
ened. the call for burning oils for
domestic furnaces was bigger than
ever.
Costs of Production Cited.
Throughout the year the big plaint
of the oil men, be he producer, re
finer. marketer, lease broker, royalty
dealer, was that prices for petroleum
products basically had not kept pace
with costs of operation.
Like business men in other lines,
oil men fussed about their tax burden,
hoped Congress would do sometning
about it.
The A. P. I. declared reductions in
gasoline prices, totaling 50 per cent
since 1920, had saved United States
motorists $3,000,000,000 in 1937 alone.
Estimates of wells completed were
32.500, about 7.000 more than the
year before. WelLs productive of oil
or gas were about 26,000. Major "plays"
occurred in Southern Illinois, Kan
sas. the Gulf Coast and late in the
year in the K. M. A district, of North
Texas.
OUTPUT CONTINES TO RISE.
Inventories Show Widest Gain on
Record for Season.
B> the Associated Press.
NEW YORK, Dec. 22.—Crude oil
production and gasoline inventories
continued to rise in the week ended
December 18, the latter reporting the
widest gain ever made at this season
of the year.
The flow of fmisht ' and unfinished
gasoline into storage totaled 2.775,000
barrels during the period, bringing
aggregate stocks to 73,288,000 barrels.
The big increase, oil men said,
stemmed largely from the fact fuel
demands have picked up sharply in
recent years, which automatically
boosts gasoline output.
Crude production was stepped up
unseasonably to 3,439,850 barrels, an
increase of 25,400 barrels over the
previous week.
Refineries operated at a slightly
higher rate, running 3.220.000 barrels
to stills, compared with 3,200,000 bar
rels a week ago.
Cracked gasoline output dipped to
725,000 barrels, down 10,000 barrels.
Imports of crude and refined oils fell
from 1,282,000 barrels to 982,000 bar
rels.
CIGARETTE SMOKING GAINS.
The United States consumed 1,229,
000,000 more cigarettes last month
than in November a year ago.
The Internal Revenue Bureau re
ported November consumption today
as 12,786,000,000, compared to 11,
557.000,000 in the corresponding
1936 month.
Federal revenue derived from cig
arettes totaled $38,362,000 last month,
against $34,673,000 in November, 1936.
NEW RAIL PURCHASES.
CLEVELAND, Dec. 22 OP).—Ches
apeake & Ohio Railroad directors an
nounced today they had authorized
purchase of 27,5(70 tons of new 131
pound steel rails.
Directors of Pere Marquette Rail
road, C. t O. subsidiary, authorized
purchase of 3,550 tons of 112-pound
rails for United States lines and 3,350
tons of 105-pound rails for Canadian
lines.
Pacific Telephone & Telegraph
Co.—Common share earnings, 11
months ended November 30, were
$7.20, against $7.51.
t
LEAD REFINERY STOCKS
INCREASE FOR MONTH
By »hr Assoriited Press.
HEW YORK Doe. 22.—Domestic
lead refinery stock at the end of No
vember totaled 113.573 tons, com
pand with the previous month-end
total of 100.646 tons and the Novem
ber, 1936, figure of 176,960. the Ameri
can Bureau of Metal Statistics an
nounced today.
Production was lower at 46,796 tons, I
compared to 49.197 for October but
higher than November, 1936, by 2.965
tons Domestic shipments dropped to
33,853 tons, off 5.439 tons from Octo
ber and 16,460 tons lower than No
vember, 1936.
JONES ON GOODRICH BOARD.
NEW YORK, Dee 22 f/pi.—A, B.
Jones, chairman of the New York City
Tunnel Authority, has been elected to
the Board of Directors of the B. F.
Goodrich Co , of which he was formerly
first vice president He will serve the
unexpired term of C. B, Raymond,
resigned.
EMPLOYES TO GET BONUS.
NEW YORK. Dec 22 'Special).—
All employes of McGraw-Hill Publish
ing Co , Inc , whose annual salary is
$3,000 or less, will receive a bonus of
one week's salary, according to an an
nouncement today by James H Mc
Graw, jr, president.
INSURANCE STOCKS
Vl2»l«SDlssociauOT Bt N“* York
Aetna c»« <3.. A'^d
A»rn& In* (j 40 j
A^tna Life * '»•!*» *■ j •= J1
Am Eouit ‘1 Mra- “ 2f,;!
Am Ins Newark ‘!2aj ‘4 v lj
Am Rejn* aji
Am Reserve <la «T0? «p.
Am Surety J w2 3ku
Automobile <j», «?4 « = »,
Balt Amer < 2f»a>
Carolina -1 ;jo» ]*»4 i&s!
I City of New York <1 20) ] : u j ji
Conn Gen Life ,K(>a) «•>' «.ii~
I Oontin Cas ii.ifM oti4
Fid A Den <4a. I p.% inn '
i Firemens Newark v. u;.
• Franklin Fire ‘la “ ' *>4:.,
! Gen Retnsur •">£!. j•
Glen Falls ‘1 e»in '3 l\r\'■ 4
• Globe A- Ren (.kngj 1 •*
! Globe & Rut . A71 iS 2
1 Great Amer tlai __ in'. VI
I Hanover n.floi _ «; Si.
I Hartford Fire (2) Z ,
I Home Fire Sec _ >, Sj
I Home Ins (lai _ »s'> <*
1 Homestead <1> I 14 ; si,
Knickerbocker (.80) _ _ jo ivl
! Lincoln Fire _ 01. ii*
! Maryland Cas " 31, 41!
j Mass Bond (3'2> _ 38% 30%
Merc Ins Pr (,'ilgi_ _ 4 n
! National Fire cfi _ 5(1 = 4 s-'i.
| National Liberty (,20a) _ 8% 71'
• New Hampshire (JHiiat 39 = , 411,
Y°rk Fire i.SOa)_ 14 15%
| North River ID ... ... 24'g 28
Phoenix «*Ja> Ta r ^
Prov Wash fh) 1 •’!<. **9.
I Revere -p. < i :un jjii4 30a4
Rhode Island Ins (.40) .=> ~7
; Jossia Ins (»2gi 4 >4 51.
! St Paul Fire M»a) _ i:s 1SK
1 Springfield <4,2a> _ " in"u mM,
I Sun Life (15» _ _ 440 40»i
j Travelers <]«) ' ,;<»•» j.in
U S Fid Sc Guar ji|i- 1 ,V
U S Fire >■:, _ 4H34 4S%
Westchester n.20a) *:s 20*J
»—Also extra or extras
K—Declared or paid so far this year.
---
NEW YORK PRODUCE.
j NEW YORK. Dec. 22 /P.—Eges. 18 478
nrin. Mixed colors Special packs.' 3*u
standards. 29%: Arsis. 25-28: sec
?nd®% 4 mediums. 20-22: dirties. No.
I. 20- -1; average checks. 19-19% re
frigerator. special packs. 2l%-:'3%
standards. 20=4-21: firsts. 20-20%, sec
orids. I8%-19%: mediums and small. 18',
10: dirties. 18%-I8j%. Whites. Resale
xtia>re,Tllum marks. 35,,?-38i'2: nearby and
Midwestern, premftim marks. 331,-341,
exchange specials. 32-32 >2; Midwestern'
exchange standards. 3"12-31: nearby, fancy
ulin'Ti5- neirte- Iancy, mediums
3(1*2-33. nearby and Western, exchange
mediums. '.8%-30: average nullets. 27-”8
Pacific Coast, jumbo and premiums. 38
4., specials. 34=4-30; standards. 34-34%
mediums. 21-31'2: pullets. 28--*8','
Browns Extra fancy. 33-34: nearbv'anti
Western, special packs. 31-32: nearbv
small to mediums 28-27. Duck eees
Fancy to extra fancy. 30-34.
Butter. 12.150. weaker: creamery, higher
han extra. 38=4-39%: extra (92 score"
87i*:3?”- 32^-38: seconds (84
uncih^nged.174'24®- **•««* t0 arm: prices
----—
TREASURY CERTIFICATES.
NEW YORK. Dec. 22 <fp\_Prices
quoted in dollars and thirty-seconds:
Pet. Month. Year. Bid. Asked^yield
tils Feb.. 1938 100-7
3 Mar.. 1938., 101-9 lm-lf
2'„ June. 1938.. 101-20 101--=2 -
2'» Sept , 1938 101-29 101-31 ~ "
1 4 Dee . 1938 101-3 101-5 '.07
J'? Mar, 1939 ... 101-12 101-14 31
2’s June. 1939 . 102-12 10”-14 '47
1=« Sept, 1939 , 101-12 101-14 54
] » Dec.. 1030 , 101-12 101-14 >4
]=« Mar , 1940 101-27 101-29 78
*2 June. |*14(( _ 101-19 101-21 8-*
lVg Dec, 1940 101-17 101-19 '9S
112 Mar, 1941.._ 101-9 101-11 108
1=» June. 19*1 . 100-25 IO0-'=7 1 I t
1% Dec, 1941 _ 100-8 100-8 l l's
1=.« Mar. 1942 101-18 101-‘*0 f.33
2 Sept, 1942 _ 102-25 102-°7 137
1=4 Dec, 1942 101-15 101-17 l!43
-•
NEW YORK SUGAR.
I NEW YORK. Dec. 22 (/Pi— Raw sugar
was unchanged early today at 3 20 for
spots. No sales were reported. There was
a good refiner interest at this level, but
holders were asking 3.25.
Futures were less active and price
movements narrow. The undertone was
a little easier. January No. 3 sold at
—5 and July at 2.31. or unchanged to 1
point net lower, while January No. 4 sold
at 1.14'? and March at 1.1B'2. or net
unchanged to !i point lower.
Refined was unchanged at 4 85-4.85 for
fine granulated, with only a moderate
inquiry reported.
NEW YORK COPPER.
NEW YORK. Dec. 22 DPI.—Copper
steady: electrolytic spot and future.
fO^H-llOO: export 10.15. Tin steady:
spot and future. 42.76. Lead steady; New
York, spot. 4.75-4.80; Bast St. Louis 4.80.
Zinc steady; East St. Louis, spot and fu
ture. 5.00. Iron, aluminum, antimony,
Quicksilver, platinum and wolframite un
changed.
MONEY RATES.
NEW YORK. Dec. 22 UP.—Call money
steady: 1 per cent all day: prime commer
cial paper. 1 per cent: time loans steady;
80-90 days. I*?: 4-R months, it? per cent:
bankers' acceptances unchanged: redis
count rate. New York Reserve Bank. 1 per
cent. I
Money for Construction Loans
and
Loans on Existing Properties
5%
FIRST DEED OF TRUST ONLY
GEORGE L B0R6ER
643 Indiana Are. N.W.
Nat'l 03S0
SUGAR FIRM PROFIT
DOUBLE LAST YEAR
Punta Alegre of Cuba Pays
$158,739 for Interest
on Notes.
By the Associated Press
NEW YORK. Drr. 22.—Punt a Alegrr
Sugar Corp, with properties In Cuba,
reported for the fiscal year ended
September 30 profit of $549,554. com
pared with $279,054 in the preceding
fiscal year. After deducting *158,739
for accrued interest on income taxes
applicable to the year there was a
net profit of *390.815, against $131,798
in previous fiscal year.
Central Aguirre Gains.
Central Aguirre Associates, owner j
of sugar properties in Puerto Rico. I
reported for the fiscal year ended
July 31 net income of $2,947,043. equal
to *3.96 a share on common stock.
This compared with $2,545,473. or
*3 42 a share, in the preceding fiscal
year.
Federal Water Service Corp.
Federal Water Service Corp. and
subsidiaries, operating properties in
the major geographic regions, reported
for the 12 months ended September 30
net income of *1,108.669, equal after
preferred dividends to 19 cents a share
on class A" stock. This compared J
with *835.730. or *5.25 a share, on the i
combined preferred stocks for the 12 1
months ended September 30. 1936.
.. . . •
NORFOLK & WESTERN
NET IS DECREASED,
Income of $29,232,701 for First
11 Months Represents Drop
of $564,522 From 1936.
i Es the Associated Press.
| ROANOKE. Va., Dec 22—The
: Norfolk & Western Railway Co. re
' ported a net income of *29,232.701 for
| the first 11 months of the year, repre
' senting a decrease of *564.522. com
| pared with the same period of the
, previous year.
Directors, meeting in Philadelphia,
declared a quarterly dividend of *1 j
a share on the adjustment preferred 1
| stock, payable February 19 to stoek
I holders of record January 31.
A sharp decline in November in
come, the report showed, more than
; accounted for the decrease in the 11
: month net figure, compared with last
i year. The November net income of
$2,551,345 was $1,236,659 below No
vember, 1936, and $447,053 under
October. 1937.
The roads revenues for the 11
months, however, totaled *88.463,684,
compared with *85.995 354 for the
corresponding period a year ago.
Freight accounted for *83,887,300 of
the total, and passenger, mail and
express business for *3,634,713.
During the same period operating
expenses jumped from *45,744,454 to
*49.328,377.
November. 1937, operating revenues
were *7.316,632, as against *9,262.155
in November last year and *8.556.859
in October, 1937.
Operating expenses dropped from
*4.578,259 in November, 1936, and
*4.695,892 in October to (4,279.388
during the past month, the report
showed.
Florida Power & Light Co.—Pre
ferred share earnings, 12 months
ended November 30, were *11.40,
against $7.89.
FIRST TRUST NOTES
Can offer small amount of
well-secured note*, discount- k V:
ed to yield _ O /0
HARRY B. PITTS CO.
1010 Iftth St. MEt. • !«*•
A Fine Xmas Gift . . .
Additional Protective
INSURANCE
Your wife and kiddies will
have a merry Christmas, as
long as you, too. are present.
But if something should happen
before next Christmas, what
then? Give this practical gift!
J. Blaise de Sibour
and Company
INSURANCE BROKERS
1700 Eye St. N.W. MEtro. 3996
REAL ESTATE
LOANS
Before you buy, build, re>
model or refinance your home |
or business property, let us go ]
over your problem with you.
We will save you commissions
and renewal charges—and in
joining this Association, you
short mutually in the profits.
NORTHERN LIBERTY
BNILDINC ASSOCIATION
111 SEVENTH STREET. N. W.
Established 46 years
MEMBER or
FEDERAL HOME LOAN BANK SYSTEM
D. C. BUILDING AND LOAN LEAGUE
U. S. BUILDING AND LOAN LEAGUE
Mining Men Await Expected
Year-End Statement
on U. S. Policy.
By the Asiroeiatee Press.
NEW YORK, Dec 22.—A new price
for silver was quoted today to con
sumers In the arts and industry as
mining men waited for an expected
year-end announcement of the United
States Government's policy on pur
chases of newly mined metal from do
mestic mines.
For transactions with the arts and
industrial users, Handy As Harman,
bullion dealers, set a price of 42®,
cents an ounce for imported metals,
based on the London open market
price around 42 cents
This made three quotations for the
metal in this country Supported by
a Treasury "peg/’ the New York price
for imported silver remained at, 44:'i,
cents, while the Government price
for newdy mined offerings was ap
proximately 77‘: rents
Heavy selling in foreign markets
recently, attributed mainly to uncer
tainty over what the United States
would do at the end of this year and
to increased offerings from the Far
East, broke the world price at Lon
don to around 41 cents.
Since then there has been some
recovery tn the London price but the
remaining disparity was wide enough
to prompt Handy & Harman to adopt
what the firm designated as an
"industrial base price." figured on the
London quotation The firm indi
cated it would continue to quote the
industrial basis as long as the dis
parity exists.
Under a four-year international
agreement, which expires at the end
of this year, the Treasury has been
paying domestic producers a large pre
mium, now amounting to about 3S
cents over the London open-market
quotation. Treasury authorities have
indicated the policy of paying a pre
mium for newly-mined metal would
be continued, but gave no indication
what the price would be
The main support of the world mar
ket since the passage of the Silver
Purchase Act in 1934 the. Treasury
has been a big buyer of foreign metal
the last few years. Until recently the
London price had fluctuated ra’her
closely around the New York price for
imported metal, based on the Treas
ury's support.
PIG LEAD AT $4.60 PER CWT.
NEW YORK. Dee 22 (/Pt—St
Joseph Lead Co. reports 25 tons of pie
lead from Southeast Missouri mines
sold yesterday at $4.60 per 100 pounds.
St. Louis.
MONTREAL SILVER.
MONTREAL Dec <8* —S.:\er fut
opened unchanged to 30 point' of? B -,«
Decemher 4170. March. 40 60. Ma'v.
40.85.
FIRST TRUST LOANS
Reasonable Rates and Commissions
Tyler tj Rutherford, Inc.
!51*> L Street N.W Notional 04 ts
Loan Correspondent
Mutual Benefit Life insurance Oa.
REFINANCE
YOUR HOME
by
LONG TERM
Real Estate
JpGHA.
5%
fa A o Renewal Fees.
fa Interest Only on Un
paid Balance.
fa Also F. U. A.; 3-year
Straight and C o n
struction Loans.
fa D. C. and i\rarhy
Md. and Va. Prop
erty.
LOAN Correspondent
TRAVELERS INSURANCE
COMPANY
H. G. Smithy Co.
811 15th St. N.W. NA. 5903
First
Mortgage
Money
For
CONSTRUCTION
LOANS
an'*
LOANS ON
IMPROVED
PROPERTY
in the
District of Columbia
Nearby Maryland
and Virginia
Also
Monthly Payment
Loans
Prompt Action
B. F. SAUL CO.
925 15th Street Natl. 2100

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