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Evening star. [volume] (Washington, D.C.) 1854-1972, January 04, 1938, Image 15

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■ LIST GOES
TO HIGHER LEVELS
Specialty and Oil Shares
Lead Gains Ranging
to $1 or More.
Bj the Associated Press. '
NEW YORK, Jan. ♦.—Specialty and
oil shares led an advance In the Curb
market today with gains, near the
final hour, running to as much as a
point or more.
Fairly wide upswings were recorded
for Aluminum Co. of America, Ameri
can Cyanimid "B,” Gulf Oil and Creole
Petroleum. Fractional gainers in
cluded International Petroleum, Pan
tepec Oil, Lake Shore Mines. Wright
Hargreaves and American Light &
Traction.
Soft spots, with small losses, were
Montgomery Ward, American Gas &
Electric and Pennroad.
i ■ 1 • i
CURB BONDS
DOMESTIC BONDS. High. Low. Noon.
Ala Power 4%s 'lit 8(1 80 80
Am G & E 6s 7078 107% 107 107%
Am P A L fis 7010 77 77 77
Appalach E P 5s '5fi 105% 105 105
As O A E 5s 5o . 71% 71% 71%
As G & E 5%s '78 1 c 07 07 07
Bell Te C 5s '55 A _ 117% 117% 117%
Birm El 4%s '08 . SP, 80 HI’,
Birming Gas 5s 50 _ 50 55% 55%
Caro Pw A Lt 5s '50 05% 05% 05%
Cent 11 P S 5s '50 E 100 100 lot)
Cent 111 P S 5s OS G 00 08 00
Cent IPS 4%s '81 h no', no no%
Cent Pw A Lt 5s '50 87% 80% 87
Chi Rys 5s '77 roc! 4 7 4 7 47
Cities- Svc 5s 57%. 57% 57%
Cit S P & L 5%x '57. 57", 57% 57%
Comw Ed 5s '54 B 117% 117% 117%
Comw Ed 4* '81 F 100 108% 108%
Comun'ty PAL 5s '57 Oo 00 00
Cons Gs of B 5s '70 loo’, loo’, loti’.
Cons G U Os '47 std 07% 07% 07%
Cont G A E 5s '58 A 78% 78% 78%
East G A- F 4- '50 A 7 1 08% 71
Emp OAR o' % '47 77 77 77
Fed Wat 5' '.M 00% 00% 00%
F'.rcst Cot M 5s '48 105' . 105%. 105%
Florida PAL 5s '54 . 87% 87 87
Gatineau Pw 5s '50 lo4 loi 104
Gatineau Pw o>- '■!' ] in % ] o i % ini %
Gen Pub U> O' s '50 71% 71% 71".
Hark Wat 5' '77 A 105', 105% 105%
in Rwr A t.i os '57 no'., no no'.
Til Pw A- L 5' s '54 B 00% !io% 00%
Tl! Pw A Lt 5: '50 C 85 84*, 85
Tndiana Ser 5s '50 55’, 55% 55%
Tndnap P A: L 5s '57 A 100% 100% loH%
Inters! Pw 5s '57 41% 47% 44%
Tnterst Pw fis ’5" 77% 77’, 77’,
Kentucky U 5s '00 I 7 5 75 75
Ken U s '55 f no no no
Ken U o'-s '% D 05 !I5 05
Lex Util 5s '57 . 00', 00', 00%
La Pw A I.' .5, '57 . lo:t% 107% 107%
Metrop Eriis 4, '71 104'., 104 104%
Miss River P 5? '51 ln!i% 1011% ion**
Nat PAL 5* 7070 77% 77% 77%
Nevad Cal Ed 5s '50 71% 71% 71%
New E G A E 5s '4 7 50 50 50
New E G A- E 5s '50 55% 55% 55’,
N Y A W L* 4 7004 101 104 104
Nn Ind GAE Os 57._107’, 107% 107’,
Nn ind ps 5s oo c_ on nn nn
Ohio Pwr 5s '57 B 105% 105% 105%
Ohio Pwr 4' s '50 D_ . 105 105 105
Pac PAL 5s '55--- - 07 07 07
Penn Oh 5%s '50_ S!'% 80% 80%
Phila El P 5' s '77-_ 111 111 111
Phila Rap T Os '07 _7s 78 78
Pitts Steel Os 18 08 08 08
Pub S No 111 5s '50 1 in’, 1 10% 1 IIP,
Pub S N I 4%s 'si p__ 107’, Hi-;’, 107’,
Pug Sd PAL 5’ s '40. 05% 05% 05%
StL GAC Os '47 mat 11 11 II
Scrmps 5%s '47 _loi loi loi
SctlUin SH 7s '51 45'. 45% 45%
Sou Cal Ed 7%s '45 100% 1 00% 1 00%
Sou Cal Ed ::%s oo 104’, 104% 104%
S Co Gas nf Ca! 4 1 .s '08 105% 105% 105%
Sou Tnd Ry 4 '51_ 55% 55 55
Std Gas A E! Os 51 51 51 51
Std Gas A El Os -flO_. 51’, 51’, 51’,
Stand Inv 5%s '70 _ on% 00% 09%
Stand PwALr Gs '57 50 40 50
Texas Elec 5s 00 ns n7% 08
Tex Pw A L 5s '50 . 107 107 107
Tide Wat P 5s ‘7n A 84% 84% 84%
Unit Ll A Pw Rs '75 09 fin fin
Un't Lt A Pw fi> .s '74 77% 7'’% 77%
Unit LARD 5%s '57 77% 77% 77%
Unit L A R M (is 57 A 105 105 105
Unit L A- R M fis '7:; A fiT fi7 fi7
West T Ut 5s ’.57 A 84% 84% 84%
Wis-Min LAP 5s '44 105%. 105'.* 105%
FOREIGN BONDS
Hanover City 7s '79 . 71% 71% 71%
Huhr Hous fi%s '58 71’, 71% 71’,
Terni-Soc 0%s '57 58 58 58
ww—With warrants, xw—Without war
rants. o—New. st tstpi—Stamped
{Negotiability impaired by maturity.
’Companies reported in receivership.
-■»- ■ •
INVESTING COMPANIES
NEW YORK Jan 4 i/P i.—New York
Security Dealers’ Association.
• Noon quotations.'
... , . T Bid. Asked.
Admin Pd 2nd Inc ll.'i'i 12 05
Am Business Shrs __ 00 7;t
Am Gen Eq Inc _ 01 08
Am Ins Stocks _ 4 50 4 75
Bancamer Blair . _ 4 875 4 875
Bankers Nat Inv Corp 2 1‘’a 4 125
Basic Industry _ __ 4 20
Boston Fund Inc 14 77 15 80
Broad St Inv _ 21 05 ■’.( 10
Bullock Fund __ r> 5o 14 6"5
Corporate Trust _ *08
Corporate Trust AA _ 2 00
Corp Tr AA mod .... 2 44
Corp Tr Accum ser _ 2.00 __ I'
Corp Tr Acc mod „ *’44
Cumulative Tr Sh 4 °8 -
Depos Bk Sh N Y A _ _ 1.50 "
Depos Ins Shrs A _ 2.54
Depos Ins Shrs B . 2 42 _ I
Diversified Tr C _ 4.45
Dividend Shrs _ 115 ]»•,
Equity Corn *3 pf 24 7 5 »t» 75
Fidelity Fund Inc . _ _ 1707 iini"
First Boston '■-nrD __ ]| 50 1400
Fiscal Fund R Sh __ . 2.45 2 00
Fiscal Fund In- 2 00 3 “9
Fixed Trust Sh A 8 40
Fixed Trust Sh B _ 0 50
Found Tr Sh A _I .'too 3.85
Fund Investors Inc 15.00 10.05
Fund Tr Shrs A _ _ 4 20 4 88
Fund Tr Shrs B _ _ 4.02
Gen Capital Corp _ 27 05 20 74
Gen Investors Tr . __ 4.4 1 4 80
Group Sec Agriculture _ 1.04 1.14
Group Sec Automobile_ 08 75
Group Sec Building _ 1.17 1.28
Group Sec Chemical _ 1.11 1 01
Group Sec Food _ .70 .77
Group Sec Invest Shrs_ .00 .74
Group Sec Merchandise __ .70 *87
Group Sec Mining _ 110 ] •>,,
Group Sec Petroleum_ .no j on
Group Sec R R Equip _ .74 S”
Group Sec Steel _ ].m j oj
Group Sec Tobacco _ _ .88 97
Huron Holding ..._ 20 *00
Incorp Investors .... 15.01 17*1 I
Instl Sec Bank Group 1 11 j ->4
Instl Sec. Insurance _ 1 10 1 "s
Investors Fd “C" Inc _ 9 q'£ti
Keystone Custodn B 2 °i 57 <>4 57
Keystone Custodn B 3 14 01 1*5 00
Keystone Custodn K 1 14 04 15 0”
Keystone Custodn K 2 0 04 10 55
Keystone Custodn s 2 14 24 14 5*1
Keystone Custodn S 4 _ 4 52 5"no
Major Shrs Corp _ 0 1 *'5
Maryland Fund . __ _ 557 oil'
Mass Invest Tr _ 1 s 05 19*70
Mutual Invest _ _ nos in oh
Nation Wide Sec _ 4.08 9 is
Nation Wide Voting _ j 15 1 n
Natl Investors _ 4 74 4 70
New England Fund _ _ 11.01 r'*4*8
N Y Stocks. Bk Stocks 7.0.4 8.20
N Y Stocks. Bldg Supply. 0.50 7.11
N Y Stocks. Elec Equip 7.33 7.04
N Y Stocks. Insurance __ 7.7 0 8 44
N Y Stocks. Machinery_ 7.lit 7 72
N Y Stocks. R R Equip _ 7.40 7 90
N Y Stocks. Steel __ 7.55 8.17
North Am Bond Tr ctfs. 5:1.375
Not Am Tr Sh 1953 _ 1.98
Nor Am Tr Sh 1955 _ 2210
Nor Am Tr Sh 1950_ 2.34
Nor Am Tr Sh 1058_ 2.14
Plymouth Fund Inc _ .30 .47"
Quarterly Income Sh 10.10 11.12
Schoellkopf-Hutton & Pom 1.375 2.125
Selected Am Sh Inc 8.00 9.44
Selected Income Sh_ 3.75
, Sovereign Invest _ .04 .71
Spencer Trask Fund_14.13 14 87
Stand Am Tr Shrs__ 2.50 2.70
Stand XJttl Inc .51 .55
Super of Am Tr A _ 2 90
Super of Am Tr AA _ 1 97
, Super of Am Tr B _ 3 o-'
Super of Am Tr BB 1 07
Super of Am Tr C .5 18 **
Super of Am Tr D _ 5 is
Supervised Shrs __ 8 83 9 59
Trnstee Stand Inv C_ 2.15
Trustee Stand Inv D_ 2 11
Trusteed Am Bk "B” _ .00 07
Trusteed Industry Shrs_ 87 05
Wellington Fund _ 12.20 13.52
-- --— ■ a . 1 .
FREIGHT LOADINGS.
NEW YORK Jan 4 i/Pt.—Revenue
freight carlnadings on railroads reporting
today for the week ended January 1 in
cluded:
_ r ' _ Jan. 1. Prev. wk. Yr. ago.
Baltimore & Ohio 26.465 29.362 41.066
ft Paul 19.799* 20.055 22.148
MKT.- 5.089 5.141 5.776
Mo. Pac. _ 17.133 17.199 20.644
Northern Pac._- 8,621 8.854 9.845
St. L. San Fran.- 9.331 9.799 10.881
Southern Pac. . 20.913 25.993 30.087
•Week ended December 31.
1 -.-:
BOSTON WOOL MARKET.
BOSTON, Jan. 4 Opi <U S. Department
2,«fflIrlCullure,•—Very little business was
bent* transacted in the Boston wool market
today. An occasional buyer made inoulry
fo^ specific types of wool to fill urgent,
immediate requirements, but these calls
did pot involve any large weights of wool.
Quotations on domestic wools were not
shewing any definite changes. Wool prices
in Australia continued somewhat irregular.
■ according to reports received by private
concerns in Boston.
•-—
'NEW YORK BAR SILVER.
tffcw .YORK, Jan. 4 <£>).—Bar sil
ve^,443/i, unchanged; industrial base
pice unquoted. |
NEW YORK CURB MARKET
(By private wire direct to The Star.)
Stock and Salta—
Dividend Rate. Add 00. Hlth Low Close
AeroSu B .12%*. 7 3% 3* 3%
Agfa Ansco ,60g. 1 23 23 23
Ainsworth 1.60g_ 1 6% 6% 6%
Atrlnvwar _ 1 ft & &
Ala Pow pf (6)_ 40* 63 52 53
Ala Pow pf (7)... 20a 64 63 63
Alum Co Am 460a 80* 77 80
Alum Gdsll.lSg) 1 15% 16* 15*
Alum Ltd _ 100a 71 70 71
Am Airlines 6 10 9* 10
Am Capital pf 3k. 1 23 23 23
Am Centrifugal . 6 2 1* 2
Am Cit P&L(3h). 25* 27* 27* 27%
A CPAL ww 2%h 1 24% 24% 24%
Am CPALB SOg. 1 3* 3* 3*
Am Cyna A 60a . 20a 27* 27* 27*
Am Cynam B .60a 3 24* 24% 24*
Am GasAEl 1.40a 12 27* 26% 27
Am Laund M .80a 1 18 18 18
Am LA Tr (1.20) 6 12* 12* 12%
Am Maracaibo_ 3 0 * *
Am Meter (4g)._. 1 23 23 23
Am Repub(.40g). 3 8% 8 8
Am Seal Kap ,20g 3 6* 6* 6*
Am Sup Power_ 9 1 1 1
AmSupPwpf_ 1 16 15 15
Anch Post P_ 1 2 2 2
Appal El Ppf 17) 10* 103 103 103
Arctur Rad Tub*. 2 % % %
Ark Nat Gas _ 6 3% 3* 3%
Ark Nat Gas A 17 3* 3% 3%
Ark Nat G pf 60k 1 6* 6* 6*
Ashld OAR(.40)_. 6 4 3* 4
As G A El A- 2 1% 1* 1*
Atlas Corp war... 1111
Automat Prod_ 2 1* 1% 1*
Baldwin Lo war— 11 3ft 3ft 3ft
Baldwin Rub ,60a 9 7 6ft 7
Barium Stain Stl. 13 2ft tft 2ft
Bath 1 W(6%f)_. IS 6ft 6ft 6ft
Beech Alrc ... 1 1ft 1ft 1ft
Bellanca Air ,50g 1 3ft 3ft 3ft
Bell T Pa pf (6ft ) 10s 116 116 116
Berk&Gay Furn— 1111
Berk&G f war_ 6 A A A
Bliss (E W)- 6 7ft 7ft 7ft
Bliss & Laugh 2a 75s 17ft 17ft 17ft
Blue Ridge <.15g) 5 1ft Hi 1ft
B1 Ridcvpf(3h). 1 37ft 37ft 37ft
Blumenthal (S) .16 6 6
Borne Scry 1.50g. 200s 10ft 10ft 10ft
Brldgep’t M (2g)_ 4 9 8ft 9
Bridgept M pf 7.. 10s 84 84 84
Brill A.. 1 3ft 3ft 3ft
Brill pf _ 60s 22 22 22
Brown Co pf 50s 26 26 26
Brown F&WC60) 2 5ft 5 5ft
Brown Rubl.60a) 1 2ft 2ft 2ft
Buckeye PL 3.75* 250s 38 37ft 38
BN&KPpf 1.60 2 21ft 21ft 21ft
BN&EP 1 pf(5) _ 50s 100ft 100ft 100',
BnkH&S(lft) 1 14ft 14ft 14ft
Can C&Fpf 1.75 25s 21 21 21
Can Marc Wire 5 1*4 1ft 1ft
Carih Syn (,50g)_ 5 IV* 1ft 1ft
Carman B _ 1 3ft 8ft 3ft
Carnegie Met .. 1 1ft 1ft 1ft
Caro P&Ltpf(6). 30s 80 80 80
Carrier Corp . ll 31 28ft 31
Cen NY Pwr pf 5 25s 88 88 88
Cent Oh Stl 1.20g. 2 6*« 6*4 6ft
Cen & Sw Ut _ 2 2 1T4 2
Cen St El .. 3 ft *4 *4
Cen St El 6% pf 75s 6 5 6
Cen Sta El 7% pf 50s 13ft 12ft 13ft
Chi Flex Shft (4) 50s 40 40 40
Childs pf _ 50s 31ft 31 3114
Cities Service_ 70 2 lft lft
Cit Serv pf ... 16 39ft 36ft 39ft
City Auto St 60a. 6 5 4*4 5
Claude Neon Lt._ 4 1ft 1ft 1ft
Cleve Tract __ 15 5 5
Colon Develop_ 7 3 2ft 2ft
Col Fuel&l war.. 2 5ft 5ft 5ft
Col G&E pf(5) ..125s 60 57ft 60
Col O&G (.40g). 1 4ft 4ft 4ft
Comwlth E 125a. 1 26ft 26ft 26ft j
Coin Wat Svc 3 ft ft ft
Cons rnpj] 12 ft g 9 4ft 4ft 4ft
Cons R S pf 18) . 10s 81ft 81'4 81ft
j Cons Steel Corp_ 2 4ft 4 4ft
Cord Corp _ 3 1ft 1ft l*i
j Corroon & Rey_ 1 2ft 2ft 2ft
I Cosden Petro .. 1 1ft 1ft lft
I Creole Pete(.50a) 9 25ft 24ft 25
Crocker W 10g... 1 6ft 6ft 6ft
j Croft Brewing_ 2 Si ft A
I Crown Drug _ 2 lft lft lft
j Crystal Oil pf_ 50s 9ft 9ft 9ft
! Cusl Mex _ 10 ft ft ft
| Darby Pet (14)_ 1 71* 7'* 71*
Dayton Rub_ 2 84 84 81*
Derbv Oil _ 1 3'* 3V* 34
Det St! Prod(2g). 3 17 16'* 17
Dorn St* Coal . 4 154 15 154
Driver-H 1.8714c 1 18 18 18
Duke Pwr 5.078g 25s 65 65 65
Duval Tex 3 81* 81* 8'*
Eagle Plcher 40g 11 9** 9ii 91,
E G&F 6% pf (3) 100s 27', 27'j 27',
EastStaCorp- 1 14 l** 11*
El Rond & Sh.... 46 94 9'* 91*
El B&S pf (6) ... 3 58 56*4 58
El P&L 2d Df A.. 40» 324 314 324
Elgin Watch(3g) 50s 22 22 22
Equity Corp_ 2 4 % 1*
Evans Wallo 3 4 4
Ex-Cell-O (.80a). 4 11 101, 11
Fairchild Ay. ... 2 31* 31* 34
Fire As Phila 2a 50a 67 55 57
Fisk Rubber 12 6 51* 6
FI P&L 7 pf 1.75g 50s 36 36 36
Ford M Can A (1) 1 154 151* 154
Ford M Can B (1) 50s 16', 16', 161*
Franklin Ray 50g 1 414 414 4'4
Froedt cvpf 1.20. 50s 1414 1414 1414
Gatineau Power . 1 9*4 9*, 9**
Gen El Ltd .643e 1 184 184 181*
Georg Pow pf (6). 75s 76 76 76
Glen Alden 50g.. 1 5', 5'* S'*
Goldfield Con . 2 ', 4 4
Gorham, Inc. pf . 100s 19'4 19'* 194
Grand Nat Films 27 ** 4
Gray Tel PS (1) 2 5 5 5
Gt A&Pn-vt 6.25g 200s 48 48 48
Green T & D _ 2 54 5*4 54
Gulf 011(1)_ 10 38',* 38 38',
Hall Lamp(.JOg). 1 21j 2', 24
Hartf Rayon vtc. 3 1*4 1** 1*»
Hecla Min (,95g). 19 9 9
Hewitt Rub (1)._ 17 7 7
Holllnger (65a).. 2 134 1314 1314
Horn&Hard(2) . 100s 234 234 234
Horn & H 5% pf.. 10s 98*4 984 98**
Hudson Bay 1.75g 14 23** 23 234
Humble Oil (2g)_ 8 644 644 644
Hygrade Food__ 12 2 2
111 Iowa Pow__ 2 3*4 34 34
111 Iowa Pow pf-_ 2 144 141* 14V*
111 Iowa P div ct_. 1 54 51* 51*
InsC N Am(2a).. 100s 554 55 55**
Int Hyd-Elec pf.. 2 154 154 157*
Inti Pa&Pw war.. 18 24 24 24
Inti Pet (l%a)_ 4 284 28** 284
Inti Prod _ 2 24 24 24
Inti Rad (.85g)_ 1 54 6V* 54
Inti Vltatn (.60).. 3 34 3V* 34
Interst H Eq 44a 1 34 34 34
Inter Hosry 3.25g 1 264 264 264
Irving Air Chula 1 94 94 94
Jer C P&L pf (7). 60s 844 84 84
Jones & Lau Stl.. 4 354 324 354
Kingsbury Brew. 8 1 1 1
Kingston Prt.40). 10 2 4 2 4 24
Kirby Pet ... 7 34 34 34
Kirkld LGM 09g. 1 14 14 14
Krueger 1.37 4g_. 4 8 74 8
LakeSh M (4a).. 20 524 524 524
Lakey F&M .15g.. 3 2Vi 2V* 24
Lehigh C&N(.30). 1 34 3 4 34
Leonard Oil_ 14 4 4
Lion Oil (la)- 42 21V* 194 214
Lit Bros- 2 14 14 14
Lockheed Aire .. 21 104 10 104
Locke Stl C 1.80g 1 84 8V* 84
Lone Star G 60g. 2 74 74 74
Long Is Lt . 2 14 14 14
L I Ltg pf 3.50k.. 80s 37 364 364
La L & Expl 40a. 13 84 84 84
Marlon St Shov_ 1 44 44 44
Massey Harris .. 2 64 64 64
Master Elec 1.60. 50g 144 144 144
Mead John (3a).. 60s 99 99 99
Merritt-C & S_ 2 24 24 24
Mich Bumper ... 13 4 4 4
Midvale Co (6g)_ 26a 804 804 804
Midwest Oil (1).. 2 74 74 7V*
Mid St Pet A vtc. 2 34 3 34
Mock Jud Vo lg.. 2 7 64 7
Molybdenum (lg) 1 54 54 54
Mont Ward A(7). 10* 1384 1384 1384
Moun Cit C 25g_. 8 54 54 54
Mount Prod (.60). 6 5 5 5
Mount Stat Pwr- 2 4 4 4
Nat Bellas Hess.. 1 44 % 44
NatMfc&Strs . 7 214 214 214
Nat PA Lit pf<6). 125s 5614 5614 5614
Nat Rub Mch 1 4 4 4
Nat Tea pf (.55);. 1 514 514 514
Natl Trans (1*).. 18 8 8
Nat Tunnel AM. 8 144 144 144
Navarro Oil( 40a) 1 14 14 14
N J Zinc (4.60c) 50s 60 60 60
N ET&T (6.25g). 10s 9744 974* 9744
N Mex & Ariz . 3 2 144 2
Newmont Min Sa. 1 57 57 57
N Y Mer <.*0a> 19 9 9
Nlag Hudson 40g 23 714 714 714
Niag Hud A war .2 A 4 *
Niag SMd B 6l)g. 16 6 6
Niles-B-Pond<2)_ 4 33 32 32
Niplsslng t.37g). 12 2 2
Noma El (.40g).. 2 4 4 4
Nor Am LtAPw.. 11 144 m 144
No Am R A 2.25g. 1 20 20 20
>Nor St P A- 10 944 914
Stock and Sales—
Dividend Rate. Add 00. High Low Close
Ohio Br Bass (3) 125s 31 31 31
Ohio Oil pf <«) .. 1 108*4 108*4 108*4
OhioPSpf A(7). 10a 95 95 95
Ok la Nat Qas . 1 8*4 8'4 814
Okla Nat Gaspf. 60s 21*4 21H 21%
Oldetyme Dlst 4 2% 2% 214
PacG&ESpf 1.50 1 29*4 29*4 29*4
Pao Lgtng pf (6) 26a 103*4 103*« 103%
Pan tepee OH 51 6*4 6',4 6%
Prkbg R&R i.60a 3 17% 16',4 17%
Pennroad (,25g). 8 2% 2H 2%
Pepperell <6a)... 60* 71*4 69 71*4
Pa P&Lt pf (7)... 76* 90% 90% 90%
PhoenlxSec( *4a). 6 2% 2% 2%
Pioneer Gld (.40). 6 3 3 3
Pltney-Bow 60g. 4 6 6 6
Pitts Forg .. 2 7*4 7*4 7*4
Pitts* LE 6.76g. 60s 60 59% 59%
Pitta PI G1 8.60g_ 5 86% 86V4 86%
Plough, lno (.80). 2 7*4 7% 7*4
Pratt & Lamb(2). 2 20% 20 20%
Premier Gld ,12a. 2 2% 2% 2%
P S Ind $8 pf 10s 12% 12% 12*4
PugS P$5pfG%k 25s 28 28 28
Pug Sd P 86 pf . 60s 13*4 12% 13*4
Quaker Oats (5).. 10* 98 98 98
Red Bank Oil_ 1 4% 4% 4%
Reed Ro Bit 80a.. 1 24% 24% 24%
Reiter Foster__ " 8 % *4 %
Reynolds Inw_ 6 % % %
Rto Gr V G vtc_ 1 *4 *4 H
Roese&Pendd). 1 13 13 13
Root Pet (14k)_ 1333
Rustless 1*8_ 6 8% 7% 8%
Ryan Cons _ 7 3% 3% 3%
Ryerson * H_ 4 1% 1% 1*4
St Kegls Pap_ 7 344 3% 3%
Schift Co (2)_ 2 13 13 13
Scovllle Mf 1.75*. 3 22 22 22
Scullin Steel _ 3 644 6 6
Scullin Steel war. 2 111
Selberling Rub... 4 244 2% 244
Selby Shoe 1.60... 100s 16 16 16
Sele Indcv lHlt.. 60s 7% 7% 7*4
Sellndprpf 6 H.. 60s 66 56 66
Seversky Aire . 2 2 2 2
Shat Dem M .26*. 6 744 7 744
Sherwln-Wma «a 100s 8344 8344 834,
Silex (,50g) _ 2 5% 6% 6*.
Simmons H&P ... 1 144 14* 144
Singer Mfg (6a).. 30s 235 232 235
Sonotone (.25g).. 6 144 1% 144
So Penn 011 144a. 1 38 38 38
Sou Pipe L.45g _. 1 4*4 4*4 4*4
Southland R 60*. 8 7 7 7
Stand C& S 1.60a. 1 16 16 16
St Oil Ky (la) ... 1 1744 1744 17*4
Stand 011(0) la.. 1 19% 19% 19%
St Pow & Lt _ 7 1% 1% 1%
Stand Products . 2 5% 64* 5%
Stand SlIver&Ld. 10 V* 44 %
Stand Tub* B _g 3 2% 2% 24*
Starrett Cor vtc.. 2 24* 2% 2%
Sterl Inc (.20a).. 1 2% 2% 24*
Sunray OIK.25*). 8 3 24* 2%
Technicolor .75*. 13 184* 16*. 184*
Tech-Hughes ,40a 6 6*k 6% 6**
Texon 011 (.60) 1 4 4 4
Tob Pro Ex .175*. 19 3 2*4 3
Todd Shlpy’d 2a . 50s 48 48 48
Trans-Lux (,20a). 8 2*4 24* 2%
Transwest OH_ 6 6% 6 6%
Trl-Cont war_ 6 % # %
Tublxe Chatlllon. 2 744 744 7V4
Tung-Sol L ,40g_. 1 2% 2% 2%
Un Pram FS 60a. 2 11 1044 11
United Alrc war.. 19 11** 10>* 11%,
Utd Cgr Wh Strs. 6 ** % %
Unit Corp war_ 1 % % %
Unit Gaa - 18 4% 4% 4%
Unit Gas war_ 6 It* l 14*
Unit Lt & Pow A. 11 3 3 3
Unit Lt & P cv pf 6 22% 22 22H
Unit Shlpyds A 1 2% 244 244
Unit Shoe M 2 44 a 25s 71% 71% 71%
Unit Sb M pf 144 40s 39 39 39
U S Foil (B) 56g 6 6% 5% 5%
US&IntSec_ 7 44 % %
U S Lines pf ... l 144 i% i%
Unit Wall P 15g 12 2 2
Ut-ldaho Sug.lTg 8 1% 1% 1%
Ut P&L pf 4 08k . 100s 34'v 34% 34%
Util Pw & Lt (r). 5 ft t4 A
Waco Aircraft_ 2 2% 24* 2%
Waitt & Bond A.. 17 7 7
West Air Exp . 2 344 3% 3%
Wil-Low Cafeter. 6 % % %
Wil-L Caf pf (r). 4 % %
Wolverine T .40g 1 44, 4% 4%
Wright Har(.40a) 26 7% 7% 7%
Ygstwn S D .75g_ 2 20% 20% 20%
Yukon Gold 21g 1 1% 1% i*v
r In bankruptcy or receivership or bein*
reorganized under the Bankruptcy Act. or
securities assumed by such companies.
Rates of dividends in the foregoing table
are annual disbursements based on the
Iasi quarterly or semi-annual declaration.'
Unless otherwise noted special or cxlra
dividends are not included.
a Also extra or extras, e Declared or
paid so far this year, no regular rate,
f Payable in stock g Paid last ye»r
h Cash or stock, k .Accumulated dividend
paid or declared this year, ww With war
rants. xw Without warrants. war War
rants.
DECLINE IS RESUMED
BY FOREIGN BALANCES
Bj ihe Associated Press.
NEW YORK. Jan. 4.—Foreign bal- j
ances held in domestic banks resumed j
their decline during the week ended j
December 29. after two successive ad
vances.
The outbound stream of foreign-1
owned funds is said in financial circles ,
to reflect the improving competitive
position of European centers in com
parison with New York
This stems partly from the severe
slump in securities in this country,1
as well as a more optimistic senti
ment abroad.
Inter-bank deposits of foreign banks
held in 101 leading cities, reported by
the Reserve Board, compared as fol
lows :
Week ended December 29 $442,000,000
Previous week_ 444,000,000
Same period last year_ 429,000,000
-•
NEW HIGH MARKS SET
BY BANK OF AMERICA
Special Dispatch to The Star.
NEW YORK. Jan. 4.—All time high
marks in deposits, total resources and
capital funds of Bank of America
N. T. & S. A. on December 31, have
placed the institution on a higher
footing even than in 1929.
A year-end statement of condition
just released shows that on December
31 capital funds stood at a total of
$109,104,000, highest mark in the 33
year history of the bank and an in
crease from $105,024,000 at the be
ginning of the year.
Deposits reached the historic mark
of $1,357,000,000, an increase of $58,
402,000 over the record of 1936. Earn
ings totaled $19,203,000, equal to $4.80
a share, and dividends paid out
amounted to $8,800,000, 10 per cent
higher than the year before.
There also was a special Christmas
distribution of $400,000 to employes.
DOLLAR MOVES DOWN
IN LONDON DEALINGS
By th« Associated Press.
LONDON, Jan. 4.—The United
States dollar dipped V% of a cent to
close $5.00 9-16 in terms of the pound
today. In comparison, sterling was
quoted $5.00 15-16 in New York yes
terday.
French francs ended 147.28 to the
pound, against 147.31 the previous
close.
PARIS, Jan. 4 M5).—At the close
of trading today United States dollars
were quoted 29.415 francs (3.40 cents
to the franc), compared with 3.401
cents to the franc in New York over
night. Exchange-on London, 147.30.
In the Bourse 3 per cent rentes
closed 70 francs 30 centimes; 4t£s A,
76.05; 4t4s 1937, 104.35.
FAILURES TOTAL JUMPS.
NEW YORK, Jan. 4 (A*).—Business
failures in the United States for the
five-day week ended December 30
jumped to 249 from 209 in the preced
ing six-day period and 173 in the short
1936 week. The latest week was the
most active since January 7, 1936,
when 262 failures were recorded.
i j
Drop Below Three Months
Ago and Last Year
on December 31.
Bs the Associated Press.
NEW YORK. Jan. 4.—Chase Na
tional Bank deposits as of December 31
totaled $2,069,990,000, against $2,128,
875.000 three months ago and $2,286,
209.000 a year ago, the bank an
nounced.
Cash In the bank's vaults and on
deposit with the Federal Reserve Bank
and other banks stood at $708,040,000
on December 31, against $708,884,000
on September 30 last and $669,418,000
on December 31. 1936; investments in
United States Government securities,
$603,362,000. against $575,011,000 and
$780,030,000; loans and discounts,
$728, 522,000, against $817,313,000 and
$772,031,000; undivided profits, $31,
121.000, against $25,888,000 and $26,
464.000.
Guaranty Trust Co.
The statement of condition of Guar
anty Trust Co. showed deposits of *1,
449,807,512 as of December 31, com
pared with *1.709,643,000 a year ago.
Undivided profits at the end of 1937
stood at *11,690.064, against *9,356,
562 a year earlier.
Bankers’ Trust Co.
The year-end statement of condition
of Bankers’ Trust Co. shows an In
crease in undivided profits of *2,994,
600.95, in addition to the regular divi
dents.
Cash and exchanges as of December
31 totaled *320,116,801.57, as compared
to $334,268,633.55 December 31, 1935.
Holdings of United States Government
securities totaled *343,935.273.62, as
compared to *448,876,817.60 for the
same date a year ago. Undivided
profits increased to *26,982,372.13,
compared to the previous figure of
*23,937.771.18. Deposits and outstand
ing and certified checks amounted to
*852,796.841.22, compared with *953,
621,161.31 a year ago. Contingency
fund was reduced during the period
from *8.200,00 to *5,500,000.
Chemical Bank & Trust.
Chemical Bank & Trust Co. in
creased its undivided profits during
1937 from *8,382,800 to *9.625,894
after the usual dividends. Deposits at1
the close of the year were *506.375.- j
322, compared with *590,001,019 a
year ago.
Cash and exchanges increased to
*208,867.187 from $191,023,879 and
Government securities decreased to
*106.644.944 from *144,933.129.
Loans ana discounts at the same
year end totaled S145,786,757, com
pared with *122.085,003 at the end of
1936. Indicated earnings per share
for the fourth quarter of 1937 were
60 cents, compared with 77 cents for
the fourth quarter of 1936.
Washington Exchange
SALES—AFTER CALL.
Capital Traction 5s—*500 at 65; $500
at 65.
Washington Gas Light preferred—15 !
at 97.
Bid and Asked Prices.
BONDS.
PUBLIC UTILITY.
. .. . „ Bid. Asked
Anacostia A Pot. 5s _ 40 60
Ana A Pot Guar 5s _ 107
CAP Tel. of Vs. 5s_105
Cap. Traction R R 5s_ 61 6S
City A Suburban 5s _ 51 60
Georgetown Gas 1st 5s. _ 113
Pot Elec. Pow. •'!' «s __ 1031 a '*1
wash. Gas 5s 1958 __ 104'a 106
Wash. Gas 5s 1960 _ 115
Wash. Rwy. A Elec. 4s __I 106 I I
MISCELLANEOUS.
Chevy Chase Club 1st 4‘«s. 103
Col Country Club 1st 4'.«s 103
W. M. Cold Storage 5s 100 -III
STOCKS.
PUBLIC UTILITY.
Amer Tel. A Tel. (9) *145
Capital Transit Co s 10
N A W. Steamboat (6) *57 88
Pot Elec. Poiv. an pfd. (6) 113
Pot El Pw 5'a', pf. (5.50) 11 Pa
Wash. Gas Lt. new M.20t 18'x 23
Wash Gas pfd. (4.50) 96 97 (,,
Wash Ry. A El com (36tg 600
Wash. Ry. A El. pfd. (5) 109 _I_.
BANK AND TRUST COMPANY.
Amer. Sec A Tr. Co. (eS)__»244 285
Bank oi Bethesda (h.75) 32V4
Capital Hi _ _ 125 140 '
Com. A Savings telOl_235
Liberty (5' . . 149‘i 165
Lincoln ifo.00) 116 -Mo
Natl Sav. A Tr. 225 250
Pr Georges Bk A Tr. (.50! 2(1 30
RigRS (eK) 280 320
Riggs pfd. (5' 101
Washington (6) _ . 130
Wash. Loan & Tr. <e8) 238 295
FIRE INSURANCE
American (6> _ _ _ 115
Firemen s (1.20) _ 28 _
National Union (.75)_ 13Vi _
TITLE INSURANCE
Columbia (.30) _____ 10 15
Real Estate (6) _ __ 150 200
MISCELLANEOUS.
Carpel Corp. (2.00) . 20 25
Lanston Monotype ( + 4) 70 po
Lincoln Serv. com. (htl.OO) 17 22
Lincoln Serv. pfd. (3.508 _ 50
Mergenthaler Lino. (2.00) 23 25
Peoples Drue S. com (tl.oot 25 35
Peoples Dr St pfd (6.50). 110'i
Real Est. M AG pf. (••.30) 45» 5>4
Securty Storage (5) P5 120
Ter. Ref. A Wh Corp. (31 63 80
Wdwd A Loth, com (tl 50) 50 60
Wdwd. A Loth. pfd. (7)__ 117 _
•Ex. dividend.
tPlus extras, e 2% extra 1 2,.i"<i extra,
g $14 paid Nov. 30. 1937. h 75 cents ex
tra. **.30 cents paid June 24. 1937.
SHORT-TERM SECURITIES.
iReported by Smith. Barney & Co >
Bid Offer.
Amer Tel A Tel 5%s 104.3 . 112% 112%
Auburn Auto Co 4%s 1939. 18% 20
Baid Loco Wits 5s 1040_102
Calif Pack Corn 5s 104 0 ._ 104 104%
Caro Clinch & O 5s 1938 .. 101% 101%
Ches & O Rwy 5s 1939 __ 105% 100
Edison Elec Ilium 4s 1939 _ 103% 100%
Gen Pub Serv 5%s 1939 - 96
Grand Ran & Ind 4%s 1941. 106%
Houston Oil 5%s 1940 ... loo 101
Int Mer Mar 6s 1941 ... 42 53%
Int Tel A Tel 4%* 2939 ... 89 89%
Lanede Gas Light 5s 1939_ 85 88
Lehigh Val C 6s 1938 71% 82%
Lehigh Val Term Rwy 5s 1941 84%
Long Island Gen 4s 1938 100%
Louis & Nash R R 4s 1940 1 04% 105
Mich Cent R R 4s 1940... . 102
Mid R R of N J 5s 1940 . 18 24
Milw <fc Nor R R 4%s 1939 40% 75
N Y Chi & St L 6'V notes '38 77 80
N Y Dock 5s 1938 46 47%
N Y Tel Co 4%s 1939 106% 107
Pac R R of Missouri 4s 1938 82 88
Pennsyl Co 3%s 1941 .. 102% 103%
Penn-Dixie Cement 6s 1941 80 86%
Penna R R Co 4s 1943 ... 109% 110%
Phila Bal A Wash 4s 1943— 109% 110%
Rio Grande West 4s 1930 40% 42
Term R R As St L 4%s 1939 106% 106%
Vanadium Oorp 5s 1941 __ 81 86%
Vertientes Sug Co 7s 1942 8% 10
Wabash Ry Co 5s 1939 ... 67% 69%
Warner Bros 6s 1939 — 74% <5
West N Y & Pa 4s 1943 — 107% 108
NEW YORK PRODUCE.
NEW YORK. Jan. 4 OPi.—Eggs. 20,685:
firm: mixed colors, special packs. 26%-27:
standards. 26: firsts. 24%: seconds. 23
24: mediums and dirties. No. 1. 22; aver
age checks. 19%: refrigerator, special
packs. 21%-23: standards. 21%-21%:
firsts. 20%-21: seconds. 20; mediums and
small. 19-20: dirties. 19.
Butter. 1.664,038 pounds; steady:
creamery, higher than extra. 33%-34%:
extra (92 score). 33%: firsts (88-91).
31 %-33%: seconds <84%87). 29%-30%.
Cheese. 401.698: aulet. prices unchanged.
NEW YORK SUGAR.
NEW YORK. Jan. 4 (IP).—After declin
ing slightly early, sugar futures developed
a steadier tone on increased covering ana
buying of the No. 4 contract by houses with
Cuban connections believed to be against
sales of actuals at hame or abroad.
March No. 4 recovered from 1.1 < to
1.18 and July from 1.21 to 1.22. leaving
the list at 2 p.m. unchanged to % net
higher. In the No. 3 March rallied from
2.25 to 2.26 and May from 2.26 to 2.«7.
or unchanged to 1 point abfcve the pre
vious close. mf
Value and Age of Homes in 22 Cities
Bated Upon Data for 22 Cltiet in 1934 at Shown by U. S. Financial Survey of Urban Houting |
Par Cant of AD Housat Built in Each Pariod |
DROP IS IEALED
Sales for 10 Months Hold
Well Above Year Ago
Despite Lag.
Sreclal Dispatch to The Star.
NEW YORK. Jan. 4.—Although
paint and varnish sales for the first 10
months of 1937 were still well above
like 1936 volume, the trend has been
downward in recent months, according
to a new analysis in Poor’s Industry
and Investment Surveys. Figures
show sales of 579 paint and varnish
establishments at $31,486,000 in Octo
ber—4 9 per cent behind September
and off 7.5 per cent from October,
1936.
"The administration's new program
to stimulate construction of low-cost
houses will, if successful, be a boon
to the paint and varnish industry.”
states the analysis. "No immediate
effect Is likely, however, inasmuch as
building casts, in general, still remain
high, and there are doubts regarding
the practical operation of the Govern
ment's financing plans as they have
been sketched.
“It is probable that the industry
has experienced some inventory losses
over the last three months, since prices
of important raw materials have
dropped. Linseed oil, after holding
at 11 cents a pound throughout the
summer and early fall, has slumped
to 10.2 cents. Lead prices have dropped
since spring and currently are 4.75
cents per pound vs. 7.75 cents in
March. Tung oil, however, used ]
chiefly as a drying and waterproofiing
agent, is an important exception. More
than 90 per cent of the world's supply
is produced in Northern China along
the Yangtze River. Hostilities through
out North China have, of course, dis
rupted the shipping of this article. In
November but 500 tons were reported
as having been exported from Hankdw.
the major port: a year earlier 6,996,
tons were shipped.”
INSURANCE STOCKS
NEW YORK. Jan 4 V.—New York
Security Dealers' Association
. Bid. Asked.
Aetna Cas (3a' _ 85 89
Aetna Ins (1.60) _ 39*a 41*a
Aetna Life < 1 a» 23*4 25*4
Am Equit (1 60a» _ _ 24*4 26*4
Am Ins Newark Paa) 9** 11
Am Reins (1.2og> _ 31 33
Am Reserve (la) __ 19'4 2034
Am Surety (2* a) _ 36*« 38»4
Automobile <la> __ 23** 25
Balt Amer < 20a) 5 6
Carolina < 1.30) 17 5 4 1834
City of N Y (1 20) _ 17* 4 1«34
Con Gen Life (.80) 22 74
Contin Cas <1 20» - _ 2l*4 24
Fid & Dep <4> 91 96
Firemen's Newark (.30) __ 7>a h34
Frank Fire (la) 2t 2512
Gen Reinsur (2) 29*4 31*4
Glen Falls <!.«()) _ 3A*4 37*4
Globe a Rep < 80a) _ 1034 12*4
Globe A Rut 24 28**
Great Amer <1> 2P4 22*4
Hanover (1.60) _ 24* * 26
Hartford Fire (2) _ o8J2 60*2
Home Fire Sec _ 134 2*a
Home Ins (la> _ 2534 2 P 4
Homestead (1) J3'4 1434
Knickerbocker (.80) _ 9 10
Lincoln Fire _ 234 334
Maryland Cas 3 4
Mass Bond (3* 2) 3634 39**
Merc Ins Pr (.31 g» __ 4 6
National Fire (2) 49*4 ftl*4
National Liberty ( 20a) _ 6*4 7*4
New Hampshire (1.60)_ 40 4P*
New York Frp (.80a> 12*4 14*4
North River (1) 23 24%
Phoenix (2a' .. _ 73 75
Prov Wash <la) 25** 27%
Revere (P) In. (1.30) _ 19 20*a
Rhode Island Ins ( 40g)_ ft 7
Rossia Ins (%g> 4% 5*4
St Paul Fire (6) 178 187
Springfield (4%a) _105 108
8un Life (15) _ 410 460
Travelers (16) 407 417
U 8 Fid & Guar_ 13 15
U S Fire (2) 46% 48%
Westchester (1.20a) 2734 29%
a—Declared or paid so far this year.
g—Paid last year.
ODD-LOT DEALINGS.
By the Associated Press.
The Securities Commission reported to
day these transactions by customers with
odd-lot dealers or specialists on the New
York Stock Exchange for January 3: 7.739
purchases involving 193.785 shares: 4.429
sales involving 133.778 shares.
First
Mortgage
Money
For
CONSTRUCTION
LOANS
and
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
London Silver
Price Is Boosted
To Narrow Gap
Bv the Associated Press.
NEW YORK. Jan. 4.—A further ad
vance in the London price of silver
today narrowed the gap between the
quotation here based on what the
United States Treasury has been pay
ing for imported metal. The London
quotation, recently as much as 3 and
4 cents below the New York price for
imported metal, moved up nearly
of a cent to the equivalent of 44.10
cents an ounce.
Handy & Harman, bullion dealers,
again quoted 44 cents, but omitted
a special quotation for metal used in
the arts and industries, which it had
introduced during the recent fall in
the London market.
The firm indicated it would resume
the industrial price in the event the
gap widens sufficiently again.
-* ■ .. i
FOREIGN EXCHANGES.
NEW YORK. Jan. 4 ,—'The dollar
rallied after a sharp setback which car
ried ljfito early dealings today. With the
pound sterling leading the way European
currencies generally moved lower in terms
of the dollar as the market turned
Improved domestic security and com
modity markets were mentioned as factors
m demand for the American currency.
The impression created abroad bv Presi
dent Roosevelt's message to Congress also
was held an influence in the dollar's ad
vance.
The pound retreated of a cent, the
French franc no>2 and the guilder .05 of
a cent. The belga and Swiss franc each
lost .01 of a cent.
Noon rates follow Great Britain in dol
lars. others in cents Great Britain—De
mand. 5.oo3„ cables. 5.no3« on-day bills.
4.99%. France—Demand. 3.39**; cables.
3.39s*. Italy—Demand. 5 Iti1*; cables.
Demands—Belgium 10.97: Germanv.
free. 40.30: registered. •: 1 7o. travel.
‘10 05: Holland 55.70 Norway. *15.15:
Sweden. *15.80: Denmark. *1*1.35 Finland.
1.11: Switzerland. *13.10: Spain, unquoted
Portugal 4.541 y Greece 91%: Poland.
18.98; Czechoslovakia. 3.51 *4'- Yugoslavia,
‘135: Austria. 18.9‘ln: Hungary. J9.90
Rumania .75: Argentina. 33 4(>n: Brazil
<free>. 5.3hn; Tokio *19.10: Shanghai
‘19.70; Hong Kong 31.34 Mexico City.
17.80: Montreal in New York 99.951\;
New York in Montreal. 100.04 U.
n—Nominal.
-•
TJ. S, TREASURY NOTES.
NEW YORK Jan 4 (4V—Prices quoted
in dollars and thirty-seconds:
_ Approx.
Pate. Mo. Yt Bid Asked yidd.
Peb 103S 1(104
3 Mar 1030_ 101.ill 101 12
27« June 1030 lnl 20 102 22
2's Sept. l!»:ts 10120 101.31
l'( Dec.. 10.1K ... 101.4 101.fi .02
1 ■ a Mar.. 1030_ 101 13 101.15 .20
2‘. Jure 1030 .. 102.13 102.15 40
1*> Sept. 10.10 101.12 101.14 .52
1 *a Dec. 1030_ 101.12 101.14 .(ill
15» Mar . 1040_ 101,20 101.2R 7fi
1 >2 June. 1040 __ 101.20 101 22 .So
1*2 Dec. 1040__ 101.17 101,10 .05
1'2 Mar.. 1 f*41_ 101.13 101 15 1,0.3
13« June. 1041__ 100.27 loo.20 1.11
l'« Dec 104J __ 100.11 100.13 1 14
134 Mar . 1042_ 101.25 101 27 1.20
2 Sent,. 1042 _ 102.30 103 1.34
ls» Dec 1042 ... 101.20 101.22 1.40
METAL MARKET,
NEW YORK. Jan. 4 (A7-.—Copper
steady: electrolytic, spc and future.
10.12‘a-l 1 00: export 0 05. Till steadv:
spot and future. 41,H2'2. Lead steady;
New York. spot. 4.75-00 East St Louis.
4.00. Zinc steady: East St. Louis, spot
and future. 5.00. Iron aluminum, anti
mony quicksilver, platinum and wolf
ramite unchanged.
TWO STORE EXECUTIVES
RECEIVE SALARY CUTS
By (he Associated Press.
NEW YORK, Jan. 4.—Salaries of
the two brothers who operate one of j
Manhattan’s larger department stores I
—Samuel J. and Hiram C. Blooming- '
dale—were sharply reduced by an
agreement approved today at a special
stockholders’ meeting, the former's
from $75,000 a year to $25,000. and the ;
latter’s from $50,000 to $15,000.
Stockholders of Bloomingdale Bros., I
Inc., brought the salary action in the
State Supreme Court, and a settlement
was reached out of court. *
-•
CHICAGO LIVE STOCK.
CHICAGO. Jan. 4 <4*. ^United Stales De
partment of Agriculture).—Hogs 25 oon.
including 3.non direct; market active io
15 higher than Monday’s average; most
advance on weights 23n pounds up pack
ing sows steady to 10 higher: top 8 45
bulk good and choice 150-200 pounds.
8.20-40. 210-240 pounds 8.00-35: 250-300
pounds. 7.50-95; most good packing sows.
0.40-70; selected kinds up to 0.8f>.
Cattle. 0.500; calves. 1.500: improved
undertone in general trade: steers and
yearlings about like Monday's close, but
market more active, a little higher in in
stances: top. 11.50 paid for choice 1 2M
pound Colorado fed steers numerous loads ;
7.25-9.50; best yearlings around in.no; !
fed heifers and beef cows strong to 25 !
higher, cutter-grade cows strong to 15 '
higher, bulls sharing latter advance: !
weighty shipper vealers steady at 12 oo !
down, but light kinds 50 lower at in.no j
down: stockers and feeders scarce slow.
Sheep 15.000: none direct fat lambs ‘
very slow; early indications fully 25 or j
more lower: bids rather sharply off: talk- !
ing downward from 8.50 on good and '
choice lambs now held 8 75-8." and above: 1
indications steady on sheep or around 4.00
on choice ewes.
-•
U. S. TREASURY POSITION.
B> the Associated Press.
The position of the Treasury on De
cember 31: Receipts $13 392.212.98; ex
penditures 820 957.890.35: balance, 82.-!
972.840.959.12 customs receipts for the
month $30,129.021.12.
Receipts for the fiscal year since July 1.
83 1 70.213 515.70: expenditures 83.821.
282 285.8$. including $1.032 492.851.1 4 :
of emergency expenditures; excess of ex- .
nenditures. $045,008,770.18: gross debt. '
837.279.291 518.10. an increase of $1.
245 293 10 above the previous day: gold
assets $12,759,893,523.80. including 81.
227.096 322.52 of inactive gold
AGAINDECLINE
Seasonal Trend and Trade *
Recession Are Factors
in Steady Drop.
By the Associated Press.
The Federal Reserve Board said
bank loans to business declined again ..
last week.
In the week ended December 29,
banks in 101 leading cities reduced
loans for commercial, industrial and
agricultural purposes *16,000,000 to •
$4,601,000,000.
Business loans, responding partly to '
seasonal and partly to recession fac
tors, have been on the decline for sev
eral weeks.
The board also reported the banks
further reduced their holdings of gov
ernment securities bv *49,000,000 to
$8,018,000,000.
Reflecting the return of Christmas
shopping money to the banks, both
demand and time deposits increased '
during the week.
The board's statement gave the fol
lowing summary of assets and liabili
ties on December 29, together with
changes for the week and with the
same week last year, in millions of
dollars:
Dec 90
Loan* and invest?"' ^ 22'
ments—total 21.402 —TR —1 ft °S »
Loans—total 0.387 —31 4- 108
commercial Indus- °
trial ana agricul- •,
cural loans on
.securities 579 4- 3 •
Otherwise secured
and unsecured 4 022 _19 •
Open market paper 481 —11 •
Loans to brokers
and Xpalers in
securities 894 4-7 _ 395
Other loans for pur
chasing or carry
ing securities 835 —14 •
Real estate loans J.185 — 14- 9
Loans to hanks _ 88 5
Otner loans:
On securities 737 4-10 •
Otherwise secured
and unsecured 82* — 1 •
Government direct
obligations 8.018 —49 1 2*3
F u 1 1 v guaranteed
Government obli
gations 1.118 - 8 l’o
Other securities 2.*81 — 4 38*
Reserve with F R.
banks 5.42: - 92 - 284
Caih in vault 355 —12 78
Balances with do
mestic banks 1.8X8 ~8] — 459
Demand deposits—
adjusted 114 31 - ft —1140
Time deposits 5.2»>5 - 4 -r 138
G o v e r nment de
posits 891 4-2 — 11
Interbank deposits:
Domestic banks 5.09n —4.8 — 919
Foreign banks 442 — 2 — 15
Borrowings 9 -2 — 14
-Due to change in form, comparable
figures are not available.
FIRST TRUST NOTES
Can offer small amount of ** ^
well-secured notes, discount- 1% U7
ed to yield ____ \J /Q
HARRY B. PITTS CO.
mm ir.ih st. MEt. wiw
~ OFFICE FURNITURE I
WE SELL, BUY OR EXCHANGE
Chairs Steel Files
Desks Steel Cabinet*
Tables Safes
BAUM’S FURNITURE HOUSE
1416 Eye St. N.W. Phene VA. 21*4
First Mortgage Loans
District of Columbia, Nearby Maryland and Virginia
Homes Business
Apartments 070 Properties
Terms from 3 to 15 years
Also
Monthly Payment Loans
Randall II. Hagner & Company
INCORPORATED • •
Mortoaoe Loan Correspondent
^omfuiny
1321 Connecticut Ave. N.W. Telephone DEcatur 3600
THE CHASE
NATIONAL BANK
OF THE CITY OF’NEW YORK
Statement of Condition, December 31, 1937
RESOURCES
Cash and Due from Banks.. . . $ 708,039,850.53
U. S. Government Obligations, direct and fully
guaranteed. 603,362,028.86
State and Municipal Securities. 81,129,409.14
Other Bonds and Securities. 162,019,139.60
Loans, Discounts and Bankers’ Acceptances. 728,522,484.20
Banking Houses. 36,520,660.45
Other Real Estate .. 6,141,828.32
Mortgages. 11,726,121.33
Customers’ Acceptance Liability .. 23,646,601.27
Other Assets. 14,271,287.35
$2,375,379,411 05
LIABILITIES
Capital Funds: •
Capital Stock. $100,270,000.00
Surplus. 100,270,000.00
Undivided Profits . .. 31,120,741.37
$ 231,660,741.37
Heserve for Contingencies. 16,969,701.49
Reserve for Taxes, Interest, etc. .. 1,551,746.20
Deposits. 2,069,989,515.12
Acceptances Outstanding. 25,707,614.28
Liability as Endorser on Acceptances and Foreign Bills . 23,637,678.41
Other Liabilities .. 5,862,414.18
$2,375,379,411.05
United States Government and other securities carried at $152,427,444.32 are pledged to secure
public and trust deposits and far other purposes as required or permitted by law.
Member Federal Depasit Insurance Corporation

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