Evening star. [volume], December 03, 1938, Page A-16, Image 16

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
2,587 Title I Loans
Made on Property
In Washington
Large Volume Recorded
By D. C. Banks Under
Housing Act
By EDWARD C. STONE.
Washington banks, from February
up to yesterday, December 2, granted
2,587 loans under Title I of the Fed
eral Housing Act, for financing al
terations, repairs and improvements
on property in the Capital, accord
ing 10 records oi
the District
Bankers’ Asso
ciation, Hilleary
G. Hoskinson,
president.
Interest in
these loans has
remained at a
remarkably high
point through
out 193 8, or
rather since
February, when
Federal Housing
Act amendments
went into effect
and F. H. A.
loans were revived
P. D. Houston.
The week of October 31 witnessed
the record number of loans ex
tended, 135 being the total for all the
bayks. The fall weather proved
Ideal for repair and alteration work,
high temperatures keeping this type
of business at a much livelier pace
than usual at this season of the year.
For the past six weeks loans have
Averaged 89 a week.
Throughout the year banks in the
Capital have done everything in
their power to extend loans of this
kind, co-operating with all appli
cants in order to help the building
situation. Results have been most
gratifying, much better than ex
pected.
Reports from the Federal Housing
Association up to October 31 disclose
than 2,456 Title I loans, totaling $1,
099,087, had been made from Febru
ary 3 by all lending institutions
whose head offices are located in
the District of Columbia.
In the same period 1,825 Title I
loans, for a total of $796,432, were
made on District of Columbia prop
erty by all lending institutions.
Houston Guest of Bankers.
P. D. Houston, recently elected
second vice president of the Ameri
can Bankers’ .Association after one
of the sharpest contests in associa
tion annals, was guest of the District
Bankers’ Association at yesterday’s
weekly luncheon at the Willard Ho
tel.
Introduced to the banking experts,
Mr. Houston spoke informally on
various banking matters and as an
officer of the A. B. A. offered his
services at all times to the member
banks. He was very cordially greeted
at the end of the luncheon.
Mr. Houston is chairman of the
board of the American National
Bank, Nashville, Tenn.; a past presi
dent of the Tennessee Bankers' As
sociation, former treasurer of the
A. B. A. and former member of the
Executive Council.
Bank Adds $500,000 Surplus.
H. Prescott Gatley, president of the
National Savings & Trust Co., an
nounces that the surplus account of
the company has been increased to
•1.500,000 by the transfer of $500,
000 from the undivided profits ac
count, which latter account still
shows a balance in excess of $500,000.
This material addition to the sur
plus of the company is added evi
dence of the progressive policy of
this institution, which is approach
ing a record of three-quarters of a
century of business in the District
of Columbia, Mr. Gatley com
mented.
Christmas Club Checks Paid.
Christmas savings club checks
totaling around $6,500,000 were sent
this week to 80,000 members who
kept up their payments throughout
the year in 16 Washington banks.
The checks now being cashed have
already become a real factor in
Christmas trade in the Capital.
The average distribution per mem
ber amounted to nearly $80, accord
ing to estimates made today. This
is a vastly better showing than the
average for the clubs all over the
country, which was $47 per member
against $45.55 for 1937.
As near as can be estimated from
past experiences, the club funds will
be used as follows: Christmas pur
chases, 32.4 per cent; permanent
savings, 26.7 per cent; year end
bills, 14 per cent; taxes, 9.7 per cent;
insurance premiums, 9.3 per cent;
education, travel and charity, 4.2
per cent; mortgage interest, 2.3 per
cent and unclassified, 1.4 per cent.
The percentages were worked out
by the National Christmas Club
Corp. on the basis of a great many
letters from individual members.
Municipal Bond Issues Curbed.
Voters of 291 municipalities located
In 36 States during the month of
November approved municipal bond
issues aggregating $31,732,124, as
compared with $49,920,443 bonds ap
proved during October, according to
The Daily Bond Buyer.
For the second successive year No
vember bond elections have reversed
the trend of many years when No
vember approvals were almost in
variably larger than disapprovals.
This year the defeated projects
outnumbered approvals almost 3
to 1.
Exchange Stocks Strong.
Prices were strong on the Wash
ington Stock Exchange today, the
market opening with five $1,000
transactions in Capital Traction 5s,
all at 8314.
National Savings & Trust Co.
stock appeared on the board at
20514 and Capital Transit reached
the high mark of the week when
two 20-share lots changed hands
at 8%.
New Commissioner Sworn.
Edward C. Eicher was sworn in
as a member of the Securities and
Exchange Commission yesterday.
Commissioner Eicher was active
!n Congress in the creation of the
public utility act and the Malony
act to regulate over-the-counter
trading. He served as a member of
the House Interstate and Foreign
Commerce „ Subcommittee that
drafted the utility legislation.
Mr., Eicher expressed gratification
at the reports of virtually unani
mous compliance by utility holding
companies with the S. E. C. request
for tentative integration plans.
Federal Land Banks
KIW YORK. Dse. 3 (IP).—Federal Land
Sank bends:
„ Bid. Asked.
4s July. 1946-44_111 A U1H
3V«S May, 1955-45_ 106 106,’,
3s July, 1955-45_104% 104 A
Ss Jan.. 1956-46_104% 104ft
•s May. 1956-46_104% 104A
Z*'
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
■ » rilTlw WITS UIK1 to ina BW.
Prev. 1038 Stock end Moo— Mot
Hlth Low Dividend Rate Add 00. Biih Low Close, elute.
12% 6% Adams Exp (.10s).. 1 10% 10% 10% + %
67% 40 Air Reduot’a(la)— 6 64% 63% 64%-%
13% 8% Alaska Juneau .60a. 7 9% 9% 9%
1% % Alleghany .. 4 1% 1% 1% - %
17% 6% Alleghany MO ww_. 1 12% 12% 12% - %
17% 5 Alleg-y pf *40 ww.. 1 11 11 11 -1
17% 6% Allegh’y pf xw ... 3 11 11 11 - %
29% 14% Alleg'Ludlum Steel S 24% 24% 24%
14% 4% Allen Industries_ 1 10% 10% 10% + %
197 124 Allied Chem (6) ... 1 182% 182% 182% + %
14% 8% Allied Mills (,75e).. 2 13% 13 13%+%
13% 4% Allied Stores ... 4 11% 11 11 — %
70% 38 Allied Stores pf(6). 1 64% 64% 64%-%
65% 34% Allls-Chalmers 1.60. 4 45% 46% 46'V- %
23% 10 Am Bank Note ,70e. 1 17 17 17 - %
63 46% Am Bank N pf (3).. 30s 66% 66% 56% +1%
14% 6% Am Bosch .. _ 3 7% 7% 7%
62 23% Am Brake Sh(.76e). 1 46% 45% 46%+%
106% 70% Am Can ««» 4 95% 95% 95% -1%
34% 12% AmCar&Fdy .. 3 28% 28 28 — %l
23% 9% Am Chain & C(.70e) 15 20% 20 20% - %
126 88% Am Chicle (4a) .. 1 122 122 122
15 9 Am Comc’l Alcohol. 1 12% 12% 12%
83 68 Am Crystal 8 pf (6). 20s 76% 76% 76%+%
6% 2% Am Encaustic TU._ 1 4% 4% 4% — %
5% 2% Am & Foreign Pwr. 4 3% 3% 3% — %
25% 13% Am & For Pw 37 pf. 1 16% 16% 16%-%
12% 6% Am & For Pw 2d pf. 18 8 8
15 9 Am Hawa'n SS (1) 2 14 14 14 -%
36 12 Am Hide & L pf ,76k 1 30 30 30 - %
44% 30% Am Home Prod 2.40 1 44 44 44
-f* mApiice 5 1% 1% l%+%
20% 13% Am Ice pf- 3 15 14% 15 +1%
8% 4% Am International 3 6% 6% 6% + %
29% 12% Am Locomotive __ 6 24% 24% 24%
17% 10 Am Mach & Fy 80.. 3 15% 16% 15%
45 23 Am Metals (le)_ 1 38 38 38 - %
7% 3% Am Power & Light. 2 6% 5% 6% - %
41% 145% Am P&L 85 pf 2.50k 24 34 33% 34 — %
9 Am Had la tor ... 20 16% 16% 16% - %
24% 13% Am Rolling Mills... 6 20% 20% 20%
20% 14% Am Saf Rat (1.60).. 1 16% 16% 16%+%
7M> Am Seating ... 2 19% 19% 19% + %
35% 22% Am Shlpbldg (2a).. 90s 32% 32 32%+%
58% 28% Am Sm * Ref 2.25e. 12 51% 61% 51%+%
38 15% Am Steel Foundry.. 5 32% 31% 31% - %
o,1% „®V* Am Stores .. 2 8% 8% 8% - %
31 20 Am Sugar Refining. 1 23% 23% 23%+%
, HI Am TeI * Tele* *9> 6 148% 147% 148% + %
88% 58 Am Tobacco (6) .. 3 84 83% 84 +1
91% 58% Am Tobacco(BHE). 7 87 87 87 +1
9% 3% Am Type Foundry.. 1 8 8 8 + %
15% 6 Am Water Works.. 7 11% 11% 11% - %
45 23% Am Woolen pf ... 2 36 35% 35% -1%
9% 4% Am 7.1nc .. 4 7 6% 7
42% 21 Anaconda Cop ,50e.. 25 33% 32% 33%+ %
21% 10% Anchor Hoc G1 .45e. 1 17% 17% 17%
20% 10 Andes Copper(.25e). 1 16 16 16
7 3% Armour (111) 12 5% 5 5 — %
72 28% Armour (111) pr of. 2 44% 44 44
53Vi 24% Armstrong C'k 75e. 2 50% 60% 50%-%
32% 4 Assoc Dry Goods .. 5 9% 9% 9%
44% 22% Atchison 10 37% 36% 36% - %
72 40 Atchison pf 3.50_ 1 62% 62% 62%—%
29% 14 Atl Coast L(1.60g). 1 25% 25% 25% - %
27% 17% Atl Refining (1) ... 11 22% 22% 22% + Vi
9% 5% Atlas Corp (,25e) .. 3 7% 7% 7%
68 36 Atlas Powder 2.25e. I 63 63 63 —2
31 12% Austin Nicb pf (A) 70s 31 30 30 -1
7% 2Va Aviat'n Corp(.KSe) 10 7 6% 6%
15% 5 Baldwin Loco ctfs— 13 12% 12% 12% + %
11 4 Balto* Ohio ... 8 6% 6% 6%
13% 5% Balto & Ohio pf _ 7 8 8 8
36 29 Bangor* Ar(2.50).. 1 29% 29% 29% - %
14 5 Barker Brothers_ 1 11% 11% 11% — %
21% 10% Barnsdall (1) .. 14 17% 17% 17%+%
21 9 Bayuk Cigar (.75a).. 2 18% 18% 18%-%
19% 11% Beatrice Cr (la)_ 2 18% 18% 18%+ %
115% 94% Beech-Nut (4a)_ l 115% 115% 115%
25% 8% Bendix Aviation_ 7 22% 21% 21% - Vi
77% 39% Beth Steel ... 37 70% 69% 69% — %
18% 12% Beth Stl 6% pf(l)__ 1 16% 16% 16%
114% 75 Beth Steel pf(7) 2 110 109% 110 -1
29% 17% Bigelow-Sanford . 6 22% 22% 22%
24% 9% Black & Decker 50e 1 21% 21% 21% — %
19% 10% Blaw-Knox 1 16% 16% 16%
35% 19 Boeing Airplane 14 30% 30% 30% - %
52 40 Bon Am (B) (2.50a) 260s 51 50% 51 -%
14% 9 Bond Stores 1 12 12 12 — %
19% 15 Borden Co (1.40e) 33 17% 16% 17%+ %
36% 16% Borg-Warner (,25e). 3 30% 30 30 — %
28 14 Bower Roll Brg(le). 1 24% 24% 24% - V*
14% 5% Bridgeport Brass . 11 12% 12% 12% — Vi
37% 12% Briggs Mfg <.50e)._ 5 29% 28% 29 + %
14% 5% Bklyn-Man Transit. 7 13% 13% 13% - %
46% 16% Bklyn-Man Tran pf 3 43% 42% 42% -1%
12 3% Bklyn & Queens pf. 1 10% 10% 10% - %
23% 10% Bklyn Union Gas... 1 17% 17% 17% + %
13% 5% Bucyrus-Erle 5 10% 10% 10% + %
7% 3% Budd Mfg _ 4 6% 6 6 - %
5% 3 Budd Wheel__ 3 4% 4% 4%
25% 13% Bullard Co _ 1 22% 22% 22%
22% 14% Burr's Add M 60* . 2 18% 18% 18% + %
10 5% Butler Bros .. 1 7% 7% 7% + %
24 16% Butler Bros pf 1.60. 2 20% 20% 20% - %
15% 6 Byers (A M)Co 1 12 12 12 + %
22 13 Byron Jaclu’n 1.25e 2 17% 17% 17% - %
24% 15% Calif Paca < 1.26a).. 1 20% 20% 20%
2% 1 Callahan Zinc .. 6 1% 1% 1%
10% 5% Calumet&Hec .25e„ 11 7% 7% 7% + %
21% 12% Canada Dry «.25a).. 39 19V* 18% 19 -%
8% 5 Canadian Pacific _ 6 5% 5% 6%
4% 2% Carriers & Gan 15a. 2 3% 3% 3%
107% 62% CasetJ l)<6e> 1 86% 86% 86% - V*
58 29% Caterpill Trac (2)_ 2 45% 45% 45% — %
26% 9 Celanese Corp _ 4 21% 21% 21% + %
5% 2 Central Foundry__ 2 4 4 4 — %
8% 4 Central Vloleta ... 2 6% 6% 6% — %
59% 26% Cerro da Pasco (4). 2 46% 46% 46% -f %
46 17% Certain-teed pf 30s 39% 39% 39% -1%
106 94 Champ P&F pf(6) 10s 102 102 102
12% 6 Checker Cab Co 1 9% 9% 9% — %
48% 27% Ches Corp <4.T0e)__ 2 39% 39% 39%-1
38% 22 Ches & Ohio (2e) .. 15 33 32% 33 - %
5% 2% Chi Gt West pf <r>. I 2% 2% 2% + %
1% % Chi & Northwn(r)-. 11 % % % — %
19 6% Chi Pneu Tool 2 15% 15% 15% - V*
39% 22 Chi Pneu Tcvpf(3) 1 37 37 37
2% 1 Chi RI&P6% pf(r) 11 1 1 -%
3 1% Chi RI&P7% pf (r) 2 1% 1% 1%
12% 8 Chi YellowCab <1)_. 1 9% 9% 9% + %
13% 3% Childs Co 7 12V* 11% 11%-%
88% 35% Chrysler Corp <2e) 28 79% 78% 78%
76 59 • City Ice & F pf 6.60 70s 75 75 75 +1
5% 2 City Stores 2 4% 4% 4% + %
27% 10% Clark Equip (,25e) 2 19', 19% 19%-%
115 106 Clev El Illu pf 4.60 190s 112% 112% 112% - %
30% 15% Clev Graphite 75e 1 27% 27% 27%-%
60% 32% Climax Mobil* 9flel 2 56% 66% 56%
25% 10% Cluett Peabody .86e. 1 22% 22% 22%
142% 105%Coca Cola <4.50e) 2 129% 129% 129% — %
17 7% Colgate-Pal-P 50a 3 14% 14% 14%
8% 3% Colo & Southern 80s 5 5 5 — %
11% 4% Colo * Sou 1st pf 140s 7 6% 6% — %
10 4 Colo & Sou 2d pf 10s 6% 6% 6% — %
22% 13%Colum BC <4> 1.25e 3 16 16 16 - %
22% 13 Colum BC(B) 1 25e 1 15% 16% 15%
9% 5% Columbia Gas & El 26 6% 6% 6%
70 50 Col Gas & El pf<5)_. 10" 68% 68% 68%—%
59% 23 Cornel Credit (4) ... 7 56% 56% 56% — %
64 31% Cornel Inv Tr (4)... 14 60% 60% 60%
12% 5% Cornel Solvents . 5 10 9% 10 + %
28 22% Comwlth Edls 1.60 _ 10 26% 26% 26% — %
2% 1 Comwlth & South'n 4i 1% 1% 1%
65% 25 Com & South pf Hi 1 47 47 47 — %
9% 3% Conde-Nast Pub 1 6% 6% 6% — %
29 15 Congoleum-N (.75e. 1 26% 26% 26% + %
14% 4% Conn Rwy & Lt pf.. 20s 8 8 8 "
26% 10% Consol Aircraft le__ 21 25% 25% 25% + %
34% 17 Consol Edison (2)_ 8 29% 29% 29%
104 88% Consol Edis pf (5).. 2 102% 102% 102%
2% 1 Consol Film _ 1 2 2 2 + %
10% 7 Consol Oil 1.80)_ 35 8% 8% 8% — %
17% 9% Container Corp _ 8 14% 14 14%
26% 8% Conti Baking (A)_ 2 20% 20% 20%
2% 1% Conti Baking (B) . 2 2 2 2
103% 65% Conti Baking pf H) 3 101% 101 101% +1%
49 36% Conti Can i2e) ... 14 38 37% 37%-%
11% 6 Conti Diamond ... 1 9% 9% 9%
36% 21% Conti Inauri 1.60a). 1 86% 35% 35%+%
2% % Conti Motor .. 140 3 2% 3 + %
35% 21% Conti Oil < Del HI).. 13 28% 28% 28%+%
56 40 Com Exchange (8). 40s 48 48' 48
176 162 Corn Prod pf (7) .. 1 177 177 177
42% 19 Crane Co . 4 36% 36 36% + %
43% 22% Crown Cork & Seal. 2 36 35% 36 + %
6% 3 Cuban-Am Sugar... 2 6% 5% 5% + %
8% 4% Curtis Publishing.. 3 6 6 6
56 35 Curtis Publlah’g pf 1 45% 45% 46% - %
7% 3% Curtlss-Wrlght _ 19 6% 6% 6%
28% 12% Curtiss-W <A> (le) 1 26% 26% 25%
11% 6% Davison Chemical.. 2 7% 7% 7% — 44
25% 13% Deere ft Cod. 35e>.. 17 19 19 19 - %
17 9 Deisel-Wem-G ,76e. 1 17 17 17 + %
24% 7% Del ft Hudson - 6 20% 20% 20% + %
8% 4 Del back ft Wn ... 15 6% 6% 6%
2% % DRioGr Wnpf(r). 2 % % %
4% 2% Detroit ft Mack 60s 2% 2% 2% — %
40% 25 Devoe ft Kay 1 A)(l) 80s 34 34 34 +1
30% 20% Diamond Mtcb 1.25a 2 28 28 28 + %
23% 11 Distillers-Sea (2) _. 3 21% 21 21% + %
17 8% Dixie Vortex 1.25e .. 2 12% 11% 12%
34 28% Dixie-Vor (A) 2.60. 50s 32 32 32 +1
34% 27% Dome Mines del 6 32 31% 32 + %
70% 31 Douglas Aircft(3e). 7 68% 68%' 68% + %
24% 15 Dresser <A) l.60g.. 1 18 18 18 — %
17% 1% Dunhill Internet!.. 22 16% 15% 16% + %
151% 90% Du Pont d.25e) 8 143% 144% 145% +1
118% 111% Duauesne 1st pf(5) 10s 113% 118% 118% + %
15% 13% Eastern Air bines.. 2 14% 14% 14%+>5
8% 3% Bast'n Rolling Mills 1 6% 6% 6%
187 121% Eastman Kodak >1) 2 179 178 179 + %
5% 2 Ettington Schlld . 1 3% 3% 3% + %
35% 13% Elec Auto b « 50#).. 9 33% 38% 33%—%
12% 6 Elec Boat (.60a) ... 4 11% 11% 11% + %
4 2% Elec ft Musical ,09e. 2 2% 2% 2%
14 6% Elec Pwr ft Ldgbt_ 7 10% 10% 10% - %
46% 22% Elec Pwr ft bt pf__ 4 35% 35 35%-1%
29% 17 El Paso Nat O (2)_ 1 29% 29% 29%-%
10% 2% Eng Pub Service — 3 8% 8 8 — %
9% 2% Erie RR 1st pf «r)_ 2 3% 3% 3%
7 2 Erie RR 2d pf <r)_ 1 2 2 2 ■
16 5% Evans Products.._ 5»ll% 11% 11% -h%
21% 8 Ex-Cello (.60s)_ 3 19% 19% 19%
11% 3% Fairbanks Co pf- lbs 6% 6% 6%
40% 19% Fairbanks-Morse ■ 1 84% 84% 34%
5% 2% Fed Motor Truck_ 2 4% 4% 4% - %
2% 1 Fed Water Svc(A)_ 8 1% 1%' 1%
36% 22% Fidelity Phoe 1.60a. 2 34% 84% 84% - %
26% 16% Firestone <1.85e>... 2 23% 23% 23% + %
43% 24% First Nat Strs 2.50.. 3 42 41% 42 + %
nw. stock ana Sales— Net •
Htah. low Dividend Rate. Add 00. Rich, low dote, chse
SO lOHFlintkote (.60s)_ 1 26 26 26 + %
89% 19% Florence 8tov l.SOe. 1 84% 84% 84% + %
29% 11 Foster Wbeeler_ 2 24% 28% 28%-1
6% 2% Francisco Sugar_ 1 3% 3% 8%
32 19% Freeport Sulob (2). 2 28% 27% 27% + %
5% 2% Galr (Robert) _ 3 3% 3% 8% - %
95 85 Gannett Co pf (6)_ 30s 95 96 95
9% 4% Gen Am Invest .18 8 8
68% 29 Gen Am Trans 2.25e. 2 68% 63% 63% + %
11% 6% Gen Baking (.60*).. 7 9% 9% 9% + %
6% 2% Gen Bronte_ 1 3% 3% 3% - %
19% 5% Geu Cable - 2 14% 14% 14% - %
28 20% Gen Cigar (2)- 2 23% 23% 23% - %
130 108% Gen Cigar pf(7)_ 10s 126 125 126
48 27% Gen Electric (,90e). 40 41% 41 41%+%
40% 22% Gen Foods (2) 16 37 36% 37 + %
1% % Gen Gas A El (A)_ 9 % % %
70% 60% Gen Mills (8) 2 70% 70% 70%
125 118 Gen Mills pf 46) — 10s 122% 122% 122% - %
63% 25% Gen Motors (l.SOe). 27 48% 48 48%-%
27% 12% Gen Rwy Signal ... 3 21% 21% 21%+%
95 85 Gen Rwy Sig pf (6). 30s 90 90 90 — %
2% 1 Gen Realty & Util . 2 1% 1% 1%
26% 13% Gen Realty & U pf. 1 20% 20% 20%+%
41% 16% Gen Refractories.. 1 36% 35% 35% + %
34 13 Gen Steel Cast pf.. 80s 26 26 26 -1%
27% 9% Gen Tire ( 50e) ... 2 22% 22% 22%-%
11% 6% Gillette Saf R .70s— 18 8 8
61 6a Gillettes R pf(6).. 1 55 65 55 +%
15% 5 Gimbel Bros .. 1 13 13 13
67 37% Gimbel Bros pf (6).. 3 60% 60 60
28% 13 Glldden Co _ l 24 24 24 + %
3% 1% Gobel (Adolf) . .. 6 2% 2% 2% + %
3% 2% Gobel Brewing ,15e. 1 2% 2% 2% - %
85 60% Gold Stock Tel (6) 10s 74 74 74 -2
26% 10 Goodrich 4 B F) 7 22% 22% 22% + %
68 32 Goodrich 4 BF)pf (5) 1 68 68 68 + %
•mv* in* Goodyear . 13 32% 32% 32% - Vi
2 % Graham Paige_ 6 1% 1% 1%
8% 2% Granby Consol_ 1 6% 6% 6Vj - %
2% 1 Grand Union 1 1% 1% 1%
14% 8 Grand Un T pf 1.25k 2 11% 11% 11%-%
28% 12% Great North’n pf 9 24% 24% 24% - %
15% 9% Great No Or ct 75e. 1 15 15 15 + %
32 23% Great Wn Su 2.40a... 1 28% 28% 28% - %
21 7% Greyhound (.80) . 78 20% 20% 20%+ %
13 7% Greyhound pf (.55). 4 12% 12% 12%+%
34% 15 Harb-Walker __ 7 30% 29% 30% +2
6% 1% Hayes Body _ 2 4 3% 4 + %.
11% 5% Hecker Prod(.60) 5 10% 10% 10%
73% 42% Hercules Pwdr 1.50# 3 72 71% 71% — %
60 40 Hershey Choc (3).. 2 56% 66% 66% -1%
13% 5% Hollander & Son_ 2 9 9 9 — %
66 48% Homeatake(4.60)._. 6 61% 61 61% + %
18% 6 Houd-Hershey< B)2 14% 14% 14% - %
9% 5 Houston Oil _ 2 7% 7% 7%
53% 23% Howe Sound (3) ... 2 47 47 47 _ %
35% 20% Hudson Bay (1.50e) 1 33% 33% 33%
10 5 Hudson Motor ._ 3 7% 7% 7% - %
2% '4 Hupp Motor _ 20 244 2% 2% - %
17% 6% Illinois Central . 4 14% 14% 14%+ %
44 23 Illlnios Cent UL(4) 10* 43% 43% 43%+ %
10% 4 Indian Refining_ 1 7% 7% 7%
30% 14% Industrial Rayon .. 4 26% 26 26% + %
95 5644 Inland Steel(2.60e). 3 87% 87% 87%-%
19% 7% Inspiration Copner. 1 14% 14% 14%
5% 3% Insuranshares 10#. 2 5 6 5
9% 2% Interbofo R T (r)_ 4 9% 9% 9% — 44
34% 15 Interchemical_ 1 27 27 27
16% 6% Interlake Iron _ 3 1314 13% 13% — %
3% 2 Inti Agricultural . 1 2% 2% 2% — %
70 48 Inti Harvester 1.50. 7 59 59 59
9% 3% Inti Hydro-El(A).. 2 6% 6% 6% - %
57% 36% Inti Nickel (2) 18 52% 52 52% + %
15% 4% inti Paper A Pwr . 14 12% 12 12
52% 18% Inti Paper A Pw pf. ' 1 44 44 44 + V4
35% 28 Inti Shoe (1.60)_ 1 32 32 32
11% 5% Inti Tel A Teleg ... 8 8% 8% 8% — %
11% 6 Inti TelATel for ct. 3 9% 9% 91*— 44
8344 63 Interst D S pf (7) 20* 73% 73% 73% -3%
111% os Johns-Manvllle 50» 1 99 99 99
24% 12 Kan City Sou of(le) 1 18% 18% 18% - %
51 26% Kennecott <1.75e) . 17 43% 42% 42% — %
14% 6% Keystone S&M 65e. I 12% 12% 12% - %
30 15 KinneylG R)pf_ 10* 35 35 35
22% 15% Kresge (SS> 1.21 _. 6 20% 20% 20% - %
21% 12% Kroger GrooO.60a). 5 20 20 20 - %
30 15 Laclede Gas pf_ 40* 19% 19% 19%
25% 13% Leh Port Cem (1)__ 2 21% 21 21
1% % Leh Valley Coal ... 3 % % %
5% 1% Leh Valiev Coal pf. 2 3 2% 3
7% 3 Leh Valley RR _ 6 4% 4% 4%
29 19% Lehman Corp( 90e). 3 25% 25% 26% — %
9-6 Libby McN & Lib .. 1 6% 6% 6% + %
103% 81% Ligg* My(BI(«a). 3 98% 98% 98%+%
62% 33 Loew’s, Inc (3e)_ 6 69% 59 59 + %
9 % Loft. Inc _ 12 7 6% 7
63% 26 Lone StarC (3) .. 2 68% 58% 58% + %
23% 14% Loose-Wilesfl 05e) 3 19% 19% 19% - %
106 92 Loose-Wiles pf (5). 80* 106 105% 106 + %
21% 13% Lorillard <1.40e)_ 5 21% 21% 21%
19% 12% Louis G*K< A 11.50 l 15% 16% 15% - %
13% 6 McCrory Stores .75e 14 1!% 12% 12% + %
53% 35% McIntyre Pore (2). 5 61 61 51
26% 13% McKiesport Tin ... 4 17% 17% 17% — %
9% 5% McKesson & Rob ... 35 7% 7% 7% — %
11% 5 McLellan Strs 60e. 2 9% 9% 9% + %
32% 16 Mack Trucks ... 4 28% 28 28% + %
49% 24% MacyiR H)(2) .. 4 42% 42% 42% + %
19% 10 Madis So Gar 1.65e_. 3 18% 18% 18% + %
2% % Manat) Sugar .. 3 1% 1% lt» — %
10% 2% Man Ry mod gtd(r) 14 9 8% 8% — %
20% 5% Man Ry ptd (r> . 20s 16 15 15 -1%
7% 4% Marine Midl’d S0e„ 4 5 4% 6 + %
14% 5% Marshall Field_ 6 11% 11% 11% + %
34% 14% Martin (Glen)_ 10 31% 31% 31%
7% 2% Martin-Parry_ 1 5% 5% 5% - %
61 25 Masonite (la) _ 1 63 63 53
73 50 Mead Cpf(B)(5.50). 1 67 67 67 -1
57% 32% Melville Sh(2.*T5e) l 47 47 47 -1
29% 14 Mengel 6% pf 2.60 10* 27% 27% 27% - %
47% 26% Mesta Maeh (3ei 1 41 41 41
22% 12% Mid Cont Pet <.60e). 4 15% 15% 15% — %
8 4 Mlnn-Moline Imp .. 1 5% 5% 5% — %
11% 4% Mo Kans & Tex pf_ 3 7% 7% 7% — %
2% % Mo Pacific <r) . 5 % % V— >.*
3% 1% Mo Paelflo pf (r)_ 2 1'4 1% 1%
20% 10 Mohawk Carpet_ 2 17% 17% 17% + %
107% 67 Monsanto (2) ... 2 104% 104% 104% - %
117% 111 Monsanto pf(4.60) 10s 115 115 115
64% 25 Montgom Ward (la) 24 48% 48% 48%+ %
22% 19% Motor Products 1 18% 18% 18'*
17% 8 Motor Wheel (.40e). 1 13% 13% 13% — %
8% 4 Mullins Mfg (B)_ 6 5% 5% 5%
64% 26 Mullins Mfg pf_ 20s 37% 37% 37% - %
62% 34% Murphy(GCM3)_ 1 56 56 56 -2%
10% 4 Murray Corp__ 1 7% 7% 7%
12% 6% Nasb-Kelvlnator__ 6 8% 8% 8%
14% 8% Natl Acme _ 1 13% 13% 13% + %
14% 6 Natl Aviation ... 8 13 12% 13 + V*
28 15% Natl Biscuit (1.60). 6 24% 24% 24% + %
25% 20 Natl Bond&S(.15e). 2 22% 22% 22%+ %
30% 12% Natl Cash Reg (1).. 2 23% 23% 23%-%
16% 11% Natl Dairy (le) ._ 12 12% 12% 12%-%
30 17% Natl Distillers (2).. 1 27% 27% 27% - %
16% 5 Natl Gypsum — 2 14% 14% 14%
31 17% Natl Lead (,6#J .. 17 27% 26% 26% - %
28% 1*% Natl Malleable Stl— 1 22% 22% 22% - %
9% 6 Natl Pwr & L(.SO).. 12 7% 7% 7%
81% 44% Natl Steel (1)_ 6 76 76 76 - %
23 12% Natl Supply- 1 17% 17% 17%+%
4% 2% Natl Tea Co _ 1 3 3 -- 3 — %
19% 9% Newport Indus__ 13 15% 15% 15% — %
48% 20 NY Air Brake_ 2 41% 40 41% + %
21% 10 NY Central _ 22 17% 17% 17% + %
38% 12% N Y Chi & St L pr - Z 27% 27% 27%-%
37% 18 N T C Omnibus (4e) 7 36% 36% 36%+ %
11% 5% N Y Dock pf _ 80s 8% 8% 8% + %
2% HiNYNB&Blrl_ 9 1% 1% 1%
7% 2% N Y N H & H pf(r). 3 3% 3% 3%
15% 4% N Y Shipbuilding.. 75 15% 14% 15%+%
80 38 N Y Shipblde pf .. 380s 85 81 85 +5%
198 133 Norfolk Sc Wn (10). 2 170 170 170
17 6% North Am Avia 40e 13 15% 15% 15% - %
26% 13% North Am Co (1.20). 8 21% 21% 21%-%
67 45% North Am Co pf(3). 2 57% 67% 57% + %
14*4 6% Northern Pacific . 7 10% 10% 10% — %
101 92% Northn Sta Pw (5). 2 100% 100% 100% - %
5 1% Norwalk Tire _ 14 4 4
14% 8% Ohio OH <.20e) .. 14 9% 9% 9%
32% 19% Oliver Farm Equip 2 27% 27% 27%
19% 7% Omnibus Corp 1.80a 2 18% 18% 18%
111% 83% Omnibus pf (8) _ 110s 108 108 108
29% 13% Otis Elevator (.60). 17 27% 26% 27%+1
15% 6% Otis Steel .. 6 12% 12% 12%
76% 40 Owens-Ill Ol l.SOe.. 7 68% 68% 68% 4 %
9% 3% Pac Coast 2d pf .. 10* 6% 6% 6% - %
io 22% Pass Gas ft Elec (2).. 2 28% 28% 28%+%
19% 9% Pac Mills .. 1 12% 12% 12% - %
15% 10% Pac Western 0.50e. 3 11% 11% 11%
6 3% Packard Motor . 12 4% 4% 4%
13% 5% Paramount . 14 10% 10% 10% — %
13% 6% Paramount 2d(.60)_ 3 11% hi 11% + %
3* 1% Park Otah Mines... 16 2% 2% 2% - %
42% 31% Parke Davls(1.70e). 1 41% 41% 41%+%
' 14% 3% Paths Film - W 10% 10% 10%
13% 8% Patino Mines) 25e). 1 10% 10% 10%
68% 41 Penlck ft Ford (3e). 1 56% 56% 56% -1
86% 65 PconeriJ 02.60s . 2 78% 78% 78%+%
5% 2% Penn-Dixie Com ... ,3 4% 4% 4% - %
15% 10 , Penn Glass Sand 1 14 *14 14 + %
Penn Glass Sand pf 10s 120% 120% 120% +20%<
24% 14% Penn Railroad(.BOe) 18 20 19% 19%-%
88% 15 Pere Marquette pf 20s 27 27 27 -1
43 17% Pere Marq prior pf 70s 32 32 32
13% 7% PetrolmCorp (,81a) 3 10 9% 9%
47% 17% Phelps Dodge (la).. 13 42% 41% 41%+%
5% 8% Phlla RapTr pf (r). 10s 4 4 4 -1%
% % Phila Read.C&l (r). 2 % % %
143% 76% Philip Morris 6.76a. 7 87% 87% 87%
44% 27% Phillips Petrol (*)- 7-40% 40% 40%-%
9 4 Pierce Oil pf_ 1 7% 7% 7%
9% 4% Pitts Screw_ 9 8% 8% 8% - %
17% 6 Pitts W Vs_ 60s 14% 14% 14%
% % Pittston Co_ 14 % % %
25*. 16 Plymouth OiHl'40). 1 22 22 22
13% 4% PressiA Steel Car _ 4 10% 10% 10%
18% 4% Press Stl C 1st .25*. 3 10% 10% 10% + %
. 69 39% Proctor A Gara(l)-. 3 64% 64% 64%-%
'122% 114 Proct AGam pf (6). 80s 116 116 116
36% 25 Pub 8vc N J (2.20s) 3 81 30% 30% - %
106% 86% Pub 8ve N 4 pf(5)„ 1 102% 102% 102% - %
160 132 PubSyeA J pf(8).. 10s 160 160 150 -1-2
39% 21% Pullman Co( 1.125s) 6 33 32% 32% - %
13% 8% Pure Oil _ 17 10 9% 10
98% 84 Purs Oil pf (6)_ 4 86 84% 84%-1%
88% 74% Pure Oil (6) 4 80% 80% 80% + %
16% 7 Purity Baksriss(ls) 1 13 13 13
9% 4% Radio Corp (.20s).. 29 7% 7% 7% - %
66% 87% Radioes pf (2.60).. 1 63% 63% 63%-%
6% 1% Radio-Keith-Or (r). 11 2% 2% 2% - %
10% 3% Ralli'd Sec ill 8tk_60s 8%_ 8% 8%
< * , i
h
Pr«v. 1938 Stock and Sale*— Met
Hleh Low Dividend Rate Add 00. Sikh. Low Close, chge
80%/18 Reading 1st pt (2)-. 1 21% 21% 21%
27% 13% Reading 2d pf (2)_ 2 18% 18% 18%+%
11 6 Rela A Co 1st pf_ J 8% 8% 8%
17% 9% Rem Rand (.90a)_ 2 18 16 16
3% 1% Reo Motor_16 2% 2% 2% + %
26% 11% Republie Steel_ 36 22% 21% 22% + %
19% 7% Revere Copper- 1 16% 16% 16%+%
86 66 Revere Copper pf... 70e 76 76% 75% -4%
17% 10 Revnolds Metals . 3 12% 12% 12% - %
68% 51% Reynolds Tob 2.90e. 10e 66 66 66
46% 83% Reyn Tob (B) 2.90s. 2 43% 43% 48%
9% 5 Richfield Oil (.60s). 18 8% 8% 8% - %
83 13 Ruberold Co (.60s). 1 SO 30 80 + %
2% 1 Rutland RRpf(r).. 1111
29% 12 Safeway Stores <2e) 5 28% 28% 28%-%
108 79 Safeway pf (7)_ 100a 106 106 106
49% 26% St Joseph Ld (1)_ 2 44% 44% 44%
1% % St L-San Fran<r)._ 2 % % % + %
3% 1% gt L-San Fr pf (r) 2 1% 1% 1% — %
19% 8% Savage Arms (,26e). 2 18% 16% 16%+%
27% 13% Schenley Distillers. 6 19 18% 19 - %
1% % Schulte Retail 8(r). 33 % % % + %
10% 3 Schulte R S oflr)_ 3 8% 8% 8% + %
% % Seaboard A L (r)_ 3 % % %
27% 15% Seaboard 011 (1)... 1 21% 21% 21%-%
80% 47 Sears Roeb’k (3a).. 10 72% 72 72 — %
18 9% ServeL Ino (1) _ 4 16 16 16 + %
9% 3 Sharp A Dohme .. 6 7% 7% 7%
49% 36 Sharp A D pf (3 50). 1 47% 47% 47% + %
12% 6% Shattuck(FQ) .40a.. 4 11% 11 11%+%
18% 10 Shell Un Oil (,70e).. 1 14% 14% 14%-%
QIa a a. cuvo* i/in» i»«. o p. p. p..
»% 4% Oliver King Coal n.. 3 5% 5% 6% - Vi
105 91 Sloss-Sheff pf (6)„ 30s 103 103 103
24 13 Smith (AO) _ 2 20 20 20 + Vi
15 8% Snider Pkg (.75e).. l i3Vi 13% 18%
16% 10% Socony-Vae (.60) 16 13% 13% 13% - Vi
3% 1% So Am Gold & P ,10e 3 2% 2% 2%
28 16% So Port R Sug 1.75a 2 19% 19% 19%-%
26 19% Southn Cal Ed 1.60a 2 22% 22% 22% + %
22% 9% Southern Pacific . 18 17% 17% 17% - %
21% 5% Southern Railway.. 35 18% 18 18%+ %
31% 8% Southern Ry of_ 4 27% 27 27%
46 29 Spalding 1st pf_100s 39 39 39
4% 2 Sparks Wltblngton. 1 3% 3% 3% - Vi
40% 15% Sperry Corp (1.60e). 13 39% 39% 39%
17% 7% Spicer Mfg (.50e)... 1 14% 14% 14%-%
15% 6% Spiegel Inc .. 4 12% 12% 12% + %
31 12% Square D Co (,75e).. 2 28 28 28 + %
9% 6% Stand Brands 625a. 10 7 6% 7
3% 1% Stand Com Tob (r)_ 1 2% 2% 2%
6% 2 Stand G&E (r) _ 4 3% 3% 3% - %
11% 4% Stand G&E pf (r)... 6 8% 8 8 - %
28 13 Std G&E *7 prpf(r) 3 20 19% 20 -1%
34% 25% Stand Oil Cal (la).. 22 27 26% 27
85% 24% Stand Oil Ind (1) ... 27 27% 27% 27%+ %
58% 39% Stand Oil N J (la) .. 15 50% 60% 50% -- %
71% 49 Sterling Prod(3.80). 6 70% 70 70% +1
12% 6 Stewart- Warner. _ 1 9% 9% 9% + %
11 6 Stokely Brothers . 5 7 7 7
17% 5% Stone & Webster_ 7 13% 13% 13%—%
9% 3% Studebaker _ 9 7% 7 7^—14
59 45 Sun Oil(l) .. 2 57 67 57 + %
14% 9% Sunshine Min 2.20e. 10 10% 9% 10
4% 1% Superior Oil 13 3% 3% 3% + %
23% 8% Superior Steel ... 1 18% 18% 18%
32 17% Sutherl'd Pap 1.60.. 2 30 30 30
21 15 Swift & Co (1.20)... 3 18% 18% 18%
29% 22% Swift Inti (2) .. 1 27% 27% 27% + %
10% 4% Symington ww ,25e. 1 7% 7% 7% - %
49% 32% Texas Corp (2) ... 22 43% 43% 43% - %
5% 2% Tex Gulf Pod ,15e... 1 4% 4% 4%
38 26 Tex Gulf Sul (2) ... 5 32% 32% 32%+ %
12% 7 Tex Pac C & Oi 40) 2 9% 9% 9% + %
11% 6% Tex Pac Land T 15* 2 8% 8% 8% - %
5% 2% Thermold 14 4 4 _
28% 8% Thompson Prod .25e 3 25% 25 25 — %
15% 10% Tide-Water A Oil) 11 12% 12% 12% — %
98 77% Tlde-W A O pf 4.50. 1 92 92 92 -2
19% 8 Tlmpken-Det ,50e _. 4 17 16% 17 -h %
65% 31V« Timken Roll B (1).. 4 49% 48% 48% - %
,12% 6% Transamerica(.75). 27 7% 7 7% + %
Pw». 1988 Stock and Sales— Met
H1*h t«w Dividend Rat* Add 00. High. Low. Close, cbs*.
4% 2% Tri-Continental ... 1 3% 3% 3% + %
28% 16% 20th Cent-Fox (2)._ 2 26 26 26
38 26% 20 Century F ptl.50. 1 36 35 36 + %
18% 6 Twin Coach . 3 10% 10% 10% - %
6 1% Ulan ft Co .... 6 4% 4% 4% + %
70% 41 Underw'd-E-F 2.60* 1 67% 67% 67% + %
90% 67 Union Carbide 2.40* 18 84% 84 84% + %
22% 17% Union Oil Cal 1.20.. 2 18% 18% 18%
99% 66% Union Pacific (6)_ 2 89 88% 88%-%
88% 59% Union Pac pf (4).._ 1 77 77 77 -1
89% 19% Unit Aircraft 1.26*. 15 37% 36% 37% + %
13% 6 Unit Air Lines_ 6 11% 11% n% + %
4% 2 Unit Corp’n _ 22 3% 3% 3%
88 - 22% Unit Corp’n pf- 2 33% 33% 33%-%
7% 4% Unit Drug - 3 5% 6% 6%
8% 3 Unit Electric Coal.. 1 7 7 7 — %
67% 60 Unit Fruit (3) ... 4 58 67% 68 + %
12% 8% Unit Gas Imp (1)... 20 11% 11 n - %
114 100 Unit Gas Imp pf (5) 1 113 113 118 - %
10% 6 UnitMer&Mfg ... 4 7% 7% 7%
8% -8 Unit Paperboard .. 17 7 7
Id 4V» u »m vorn seeur.. 2 94 94 94-4
116 66 USOypsum(2) ... 6 104 1034 104
804 184 U 8 Indus Alcohol.. 2 26 254 26 - 4
74 34 U 8 Leather ... 1 54 54 64 -4
494 214 US Pipe* Fdy <2). 2 434 434 434 -4
7 24 U 8 Realty & Imp . 2 44 44 44 - 4
664 21 U S Rubber 12 48 474 474- 4
1094 464 U 8 Rubber 1st (4e) 6 1044 10*4 1044 + 4
724 444 U 8 Smelt & Ref Ml 1 66 66 66
704 65 U 8 Sm&R pf(J.60>. 4 69 684 684
714 38 US Steel 27 624 62 62 -4
121 914 U 8 Steel pf (7)- 5 1164 114 1164 +14
34 14 Unit Stores (A)- 1 24 24 24 + 4
15 74 Unlv-Cyclops 1 13 13 13 -14
82 48 Unlv Leaf Tob(3a). 3 82 82 82 +1
14 hUtll Pwr&L(r) 25 4 4 4
14 4 Vadsco Sales 13 4 4 4 + 4
284 114 Vanadium Corp ... 2 244 244 244 - 4
42 304 Vick Chemical(2a). 1 394 394 394
194 134 Victor Chem (,56e). 1 184 184 184 + 4
64 24 Va-Caro Chemical.. 2 34 34 34 - 4
324 154 Va-Caro Chem pf 1 264 254 254 - 4
44 14 Wabash pf A (r)- 1 24 24 24 +4
20V* 134 Walgreen (1) 1 17 17 17-4
20 174 Walker(H)pf(1)__ 1 194 194 194 - Vi
104 44 Walworth Co ... 6 74 74 74 + 4
8 34 Warner Bros Piet.. 9 54 54 54 + 4
25 11 Waukesha Mot (1). 6 204 204 204 - 4
344 17 Wayne Pump 2.50e. 1 30V* 304 304 - 4
244 124 Westn Auto Sup »1) 1 224 224 224 — 4
44 24 Westn Maryland . 4 34 34 34 - 4
34 14 Western Pacific pf.. 19 14 1 IV* + Vi
344 164 Westn Union Teleg. 1 24 24 24
33V* 154 Wsthse Air Brl.Ole 3 28 274 28 +4
1244 614 Westhse Elec 2.60s. 6 1144 114 114 — 4
324 144 Wheeling Steel ... 1 264 264 264 — 4
34 14 Wlllys-Overland... 3 24 24 24
54 3 Wilson & Co ... 1 44 44 44 -4
60V* 32 Wilson & Co pf _ 1 43 43' 43 — 4
634 36 Woolworth (2.40).. 5 504 501, 50V* - %
274 114 Worthington Pump. 9 20V* 194 194 — v«
654 28V* Worth Pcv pr pf... 2 48 48 48 -2
120' 654 Wright Aero (2ei._. 30s 111 110 111
214 84 Yellow Truck .. 4 174 174 174 - 4
254 94 Young Spg He Wire.. 2 184 184 184 + 4
57V* 24 Ykstwn Sheet & T.. 6 494 494 494 — 4
28 11 Vi Ygotwn Steel Door. 2 244 24 24
54 24 Zonite Products 1 34 34 34
Approximate Sales ot Stocks on the N. Y. Stock Exchange.
11:00 A.M. 150.000 12:00 Noon 320.000
(Unit ot tradms 10 shares
•In bankruptcy or receivership or Deink reorganized under
Bankruptcy Act. ot securities assumed oy such companies.
xd Ex dividend st Ex riant? a Also exua oi extras 0 1-10
share ol $2 prelerence stock d 1-25 share ol $3 preference stock
e Declared or paid so far this year f Payable in stock g Paid
last year h Casn nr stock k Accumulated dividend bald or de
flates of diviaend in the .oregotng table are annual disburse
ments based on the last quarterly or semi-annuai declarations.
Unless otherwise noted, special or extra dividends sre not In
cluded
Washington Exchange
SALES—AFTER CALL.
Capital Traction 5s—$1,000 at 834,
$1,000 at 834, $1,000 at 834 $1,000
at 834, $1,000 at 834.
National Savings & Trust Co.—5 at
2054. 25 at 2054. 10 at 2054.
Capital Transit Co.—20 at 84, 20
at 84.
Bid and Asked Prices
BONDS
PUBLIC UTILITY
_ Bid. Asked.
Anacostla Ac Pot. 5s _ 86 88
Ana Ac Pol. Guar. 5s 10U1,
Cap. Traction R. R. 5s __ 83>2 86
City Ac Suburban 6s _ 854 88
Oeoraetown Gas 1st 5s ... 116
Pot. Elec Pow 34s 1064
Wash. Gas 5s 1958 ... 1044
Wash:nsrton Gas 5s 1960... 1204
Wash. Rwy. Ac Elec. 4s_ 107 1084
MISCELLANEOUS
Chevy Chase Club 1st 44s 104
Col Country Club 1st 44s 103
Ter Rf. & Wh Coro 1st 44s 103 _
STOCKS
PUBLIC UTILITY
Amer. Tel. A Tel. (9) 147’. .
Capital Transit Co. _ 8Va 9
N Sc W Steamboat «4> 58 70
Pot. Elec. Power 6% Pfd. (HI 11*‘2
Pot El Pw 5(4% Did (5.501 114'/a
Wash Gas Lt. new (1.201 24 27
V^sh. Gas Did (4.501 1114 105
Wash. Ry A- El Com <a36> 030
Wash Ry & El. old. (5> 114 _
BANK AND TRU8T COMPANY
Amer. Sec. & Tr. Co. (e8)._ 248 280
Bank of Bethesda ( 751 25 30
Capital (4) 128
Coinmei * Savinas (elO) 230
Liberty (6) _ 167 200
Lincoln (151 . _ 200
Natl Sav Sc Tr . _ 203 212
Pr. Georaes Bk Sc Tr. (.601 17 22
Rises (e8) ___ 285
Riggs pfd. (5> _ _10]
Washington (6) _ _125
Wash, loan & Tr. (e8> _ 225 240
TIRE INSURANCE.
American (t6) _121 -_
Firemen's (1.20) _ 28 _
National Union (.75) ... 15 _
TITLE INSURANCE.
Columbia (k.30) __ 12
Real Estate (m6i _ 160 _
MISCELLANEOUS.
Carpel Corp. Jt2.00) .. 25 . ..
Lanston MondlyDe (4) 54 62
Lincoln Serv. com. Ihl.00) *19 24
Line. Serv. prior pfd. (3.60) • ._ 51
Mergenthaler Lino. <d.50> 23 25(4
Peoples Drua S Com (tl.00) *27 31
Peoples Dr. St. old. (6.50) *113
Real Est M AG pfd ( 60) 4(4 6
Security Storage (5) 112 125
Ter Ref. Sc Wh Corp. (3 ) 60 68
Wdwd. Sc Loth, com (H.60) 54 57
Wdwd Sc Loth pfd. (7) 118
* Ex dividend
♦Plus extras, e 24 extra 12(4% ex
tra h 75c extra g *14 extra paid No
vember 30 1937 K 30c extra m *3 extra
D 50c paid September 20 1938.
Dividend Is Ordered
NEW YORK, Dec. 3 (Special).—
Directors of General Theaters
Equipment Corp. have declared a
dividend of 25 cents per share on the
capital stock, payable December 22
to stockholders of record December
12. This brings total dividend dis
bursements for the year to $1 per
share.
Insurance Stocks
_ new YORK. Dec. :> IF.—Investment
Bankers' Conference. Inc.:
Bid. Asked.
Aetna Cas (3a) _107% 111%
Aetna Ins (1.60)_ 44% 46%
Aetna Life (la)_ 24% 26%
Am Equit (1) _ 25% 28%
Am Ins Nwk (Via)_ 12 13%
Am Reins (1,60)_... 35% 37%
Am Reserve (1%)_ 26% 28%
Am Surety (2%)_ 50% 52%
Automobile (la)_ 31% 33%
Balt Amer (.20a)_... 5% 6%
Carolina (1.30) _ 23% 25
City of N Y (1.20)_ 10% 21
Conn Qen Life (.80)_ 26% 27
Contin Cas (1.20a)_ 35 36%
Fid St Dep (4a) _113% 115
Firemen’s Nwk (.30)_ 8% 10
Prank Fire (la)_ 27 28%
Oen Relnsur (la)_ 39% 41%
(Glens Falls (1.60)_ 43% 45%
Globe dc Rep (%)_ 12 13%
Globe dt Rut _ 27 30
Ot Amer Ins (la)_ 23% 24%
Hanover (1.60) _ 29 30%
Hartford Fire (2)_ 74 77
Home Fire Bee _ 2 3
Home Ins (la)_ 28% 29%
Homestead (1) _ 16% 18%
Knickerbocker (%)_ 9% 10%
Uncoln Fire _ 2% 3%
Maryland Cas _ 3% 4%
Mass Bond (3%)_ 50% 53
Merc Ins pr _ 4 8
Natl Fire (2) _ 81 63
Natl Liberty (,20a)_ 7% 8%
N Hampshire (1.60)_ 44% 48%
g Y Fire (,70e)_ 15 16%
Bor River (1)- 23% 24%
Phoenix (2a) _ 77% 8)%
Prov Wash (1)- - 33 35
Revere (P) In (1.20a)_ 22% 24%
Rh Isl Ins_ 4 8
Rossla Ins _ 4% 5%
gt Paul Fire (g»- 222 227
prlngfleld (4%a)_120 123
Bun Life (16)_ 420 470
Travelers (16)_ 439 449
t«RA°—— hU: l\l
Westchester (1.20a)_ 31 83
a Also extra or extras,
e Declared or paid so far this rear.
• Paid last year.
Montreal Silver
MONTREAL. Dec. 3 OP).—Silver futures
dosed unchanged. No sales. Bid: Decern*
ber. 40.50.
Gifts to Take Smaller
Part of Yule Savings
Bs the Associated Press.
ANNAPOLIS, Dec. 3.—Less than
half the Christmas savings funds
distributed by three Annapolis banks
will go to buy Christmas presents, a
survey completed by Robert Kucera,
jr„ Chamber of Commerce secretary,
showed.
Approximately 42 per cent of the
$97,000 paid out will go for Yulejide
gifts, Kusera said. The balance will
be split between year-end tax pay
ments, current household expenses
and investments.
The $97,000 distributed is $22,000
more than the $75,000 paid out in
Christmas savings by local banks
last year.
Washington Produce
Prices paid shippers, net f. o. b. Wash
ington. By the United States Bureau of
Agricultural Economics:
EGGS — Market steady. Government
graded and dated eggs: Whites. U. S. ex
tras large 42: U. S extras, mediums. 31:
U. S. standards, large. 36%; U. 8. stand
ards. mediums. 27%: U. S. trades. 27%:
millets. 25. Nearby ungraded eggs: Cur
rent receipts, whites. 31a32: mixed colors.
28»2P
LIVE POULTRY—Market steady. Fowl:
Colored, all sites. 17alH. No. 3s. 13a14;
roosters lOall. Chickens: Virginia Rocks,
broilers and fryers all sizes. 18alH: No.
2s. 12al4. Delaware Rocks and crosses:
Broilers and fryers, all sites 1 Halil. No.
2s 12al4 Mixed colors, fryers. 15al6:
No. 2s. Ilal2. Capons: 7 to 0 pounds.
25a38; slips. 16al8. Turkeys: Young hens.
10 to 12 pounds 23a24: young toms. 15
pounds and up. 20a22: No. 2s. 16al8: old
hens. 18a20: old toms. 18a20. Guineas.
2 pounds and over 6(1 cents a pair: under
2 nounds 40 cents a pair.
BUTTER—00 score 1 - pound prints. 30:
tub. 20: '/4-nound prints. 31: 02 score. 1
pound prints. 32: %-nound prints. 33.
MEATS—Choice beef. 20: good beef 10:
calves. 17: lambs. 20: veal. 17: fresh Dork.
20: pork loin. 23: fresh ham. 10: fresh
skinned ham. 16%: smoked hams 25: large
smoked skinned hams. 22: smoked skinned
hams. 26: Piece bacon. 24: smoked bacon.
20: compound. 10%: lard. 0%.
LIVESTOCK — Pigs. 120-160 Bounds.
8.45%-7.04%: light Pigs. 140-160 pounds.
7.04%: 160-210 pounds. 7.20%: 210-240
pounds. 6.70%: 250-350 pounds 3.70%:
4 70%: calves. 10.29%-10.79%: medium
calves. 5.04%-7.04%: culls. 2.84%.
Short-Term Securities
{Reported By Smith. Barney it Co.)
Bid. Offer.
Amer. Tel. & Tel. 5%s. 1043 117% 112%
Auburn Auto Co.. 4%s. 1030 23 25
Austin & Northw 5s 1941 69% 74%
Baldwin Loco Wks 5s 1940 100%
Central Foundry 6s 1941 102 111
Chesapeake & Ohio R 5s 1939 101% 102
Commercial Credit 2%s 1942 102% 102%
Container Corn 5s 1943 99% 100
Cuba North Rwys 5%s 1942 34 34%
Dela & Hudson 4s 1943 50% 57
Edison Elec Hlum 4s 1939 100
Oen Pub Service 5%s 1939 101% 102
Grand Rap & Ind 4 Vis 1941 103%
Houston Oil 5%s 1040 . 101 101%
Illinois Steel 4%s 1940 _ 105V, loo
Internet Mer M* 6s 1941 52% 56
Internet Tel & Tel 4%s 1939 100% 100%
Laclede Gas Light 5s 1939 77 77%
Lake Erie A Western 5s 1941 58 88
Lehigh Val T Rwy 5s 1941 58 66
Louis A Nash RR 4s 1940 100 100V,
Michigan Cen RR 4s 1940 94%
Midi RR Of N J. 5s 1940 15% 16
Mil A North RR 4%s 1939 38V, 52
New York Tel Co 4%s 1939 103% 103%
Pennsylvania Co. 3%s 1941 30% 102
Penn-Dixte Cement 6s 1941 89V, 89%
Penn R R Co 4s 1943 106% 111
Phtla.. Balti & Wash 4s 1943 107% 108%
Rio Grande West 4s 1939 40 42
T RR Assn. St. L. 4%s 1939 103%
Texas & New Orl 6s 1943 91%
Vanadium Corp. 5s 1941 99% 100
Warner Bros 6s 1939 90 91
Western N Y Ac Pa 4s 1943 103% 104%
White Sew Machine 6s 1940 101V, 101%
Chicago Livestock
CHICAGO. Dec. 3 </P).—Hog prices at
major slaughtering centers in the corn
belt held about steady or turned down
ward today, as the Chicago stockyards
continued strikebound.
Tops ranged from S7.15 at Sioux City,
where a slow market was 10 to 20 cents
lower, to $7.80 at Indianapolis. Indian
apolis, however, was 15 cents under its
early Friday market and 5 cents under its
late market Friday.
Xaat St. Louis and South St. Paul were
about steady. Omaha and Bt. Joseph were
nominally steady, with the latter not hav
ing enough on sale to make a market.
No fresh hogs were offered at Kansas City.
Receipts at Chicago today totaled 4.000
hogs. 1.000 cattle and 3,000 sheep, all
direct to packers.
There were no indications of strike con
ferences before Monday, when another at
tempt was to bs made to end the labor
trouble.
Foreign Exchanges
HIV YORK. Dec. 3 MV—The British
pound and French franc shifted narrowly
forward In terms of the dollar In foreign
exchange dealings today.
Strength of the French unit continued
In face of fresh strike difficulties. and the
official control was said to hare again sold
francs and acaulred outside currencies.
The Swiss franc and guilder were un
changed. while the belga dipped .01 of a
cent.
Late morning rates follow:
Great Britain In dollars, others in cents.
tjW ln°I?ew &
Denmark 20.92: Finland, t.08; France.
2.03%; Germany. 40.08; beneror '
trajel. 24.50; Greece. .86'
19.85: Italy. 5.20%;
Netherlands. 54.39; Norw
18.87; Portugal. 4.25:
&
£9r
*
New York Bank Stocks
Ease in November
Special Dispatch to the Star.
NEW YORK. Dec 3.—New York
City bank stocks declined moderate
ly during November, according to
Hoit. Rose & Troster.
After opening November 1 at 42.60.
the weighted average of 17 leading
issues tested the October high of
43.93 with 43.81 on November 12.
Subsequently, however, the list re
acted in sympathy with the general
market, to 39.41 on November 29. a
point still 7 per cent above the
September lows. Close November
30 was slightly better at 40.34.
Range of the average was as fol
lows:
Month's Month’s
high. low.
_ , Nov. 12. Nov. 29.
Bankers Trust_ 45s. 41%
Brooklyn Trust_ 79% 77
Central Hanover_ R8 80%
Chase National_ 33s. 29
Continental _ 13% 11%
Chemical _._ 43% 41
City _ 2H 22%
Commercial _ 140 140
Corn Exchange _ 51 % 47%
Empire Trust _ 15% 14
First National_1703 lfilo
Guaranty Trust _ 249% 225
Irving Trust _ 10’, 9%
Manhattan _ 10% 14%
Manufacturers Trust_ 41 % 37V.
New York Trust _ 90 80%
Public _ 28 27%
Weighted average ... 43 81 39.41
Dollar Goes Down
On London Mart
By the Associated Press.
LONDON, Dec. 3.—The United
States dollar lost % of a cent in
terms of sterling today, placing the
final rate at 4.681» to the pound. In
comparison, sterling in New York
overnight was $4.68%.
IVench francs finished 177.69 com
pared with 177.81 yesterday.
Burley Quota Cards
To Be Mailed Today
By the Associated Press.
BLACKSBURG, Va„ Dec. 3.—S
K. Cassell, secretary of the State
A. A. A. Committee, said quota
cards for Virginia's burley tobacco
growers would be mailed today.
The State’s only burley market
opens at‘Abingdon next week. The
cards specify the poundage each
grower will be permitted to sell
without penalty. About 12.000,000
ponds of the leaf are raised in
Washington, Lee, Scott, Russell and
Smyth Counties.
50 Tons of Lead Sold
NEW YORK, Dec. 3 (JP).—St.
Joseph Lead Co. reports 50 tons of
Southeast Missouri pig lead sold
yesterday at $4.85 per 100 pounds,
East St. Louis.
Dividends Announced
NEW YORK. Dec. 3—Dividends de
ctared. Prepared by the Standard Sta
tistics Co.
Extra.
Pe- Stock of Pay
_ , , Rate. riod. record, able.
Beatrice Creamery Co 75c 12-13 1-3
Or Lakes Drg & Dock 75c 12-10 12-22
Natomas Co 10c 12-13 12-27
Gt Nor Iron Ore ProD 50c . 12-13 12-20
Resumed.
Hyarade Sylvania _ 37Vie .. 12-10 12-23
Aeeamalated.
Canadian Tube A Steel
Prod Ltd 7% cum pf $2 __ 12-7 12-15
Regular.
Albany * Susq R R $4.50 8 12-15 1-3
Allied Products 50c 12-14 12-24
Beatrice Creamery _ 25c Q 12-13 1-3
Do $5 pf $1.25 Q 12-13 1-3
Cham M Weath Strip 10c 12-12 12-10
Gen Theaters Equip 25c 12-12 12-22
Grant W T Co 35c Q 12-14 1-3
Int Shoe Co _.37'Ac Q 12-15 l-::
McCrory Strs _ 75c 12-13 12-23
Ohio P Svc 7% of 68‘,<ic M 12-15 1-3
Do 6% Of- 50c M 12-15 1-3
Do 5% of _41*<c M 12-15 1-3
Sancamo Elee_ 45c 12-14 12-24
Stein A A Co
pf $l.fl2>4 Q 12-15 1-3
Wayne Knitting Mills $1 12-14 12-24
West Jersey A Sea
shore RR -$1.50 8 12-15 1-3
Natomas Co -20c Q 12-13 12-27
Southwest Penn
Pipe Lines -50e __ 12-14 12-28
U. S. Treasury Notes
(Reported by Smith. Barney ft Co.l
Rate-Matprity. Bid. Offer.
iyf Dec. IB. 38 — 100
t**r }?■ 3?- 101 21-32 101 23-32
2ft June 16. 30 102 1-32 102 3-32
1 tt !8I 181 IM
S 8“ I- «::: |P ifflH
lis5 » 8:--SifeS MBS
B g? if: SI::, iff 5831 iff RS
ifffe
iS ffi. it I::; i!i=l! 185=535
V
Few Specialties Rise
In Stock Dealings,
Others Neglected
Small Gains, Declines
Are About Even at
Session's Close
d- ■■■■ ■■■■
Stock Averages
.30 15 IS SO
Indust. Kalla. OtU. Ktka.
Net change —.1 —.2 unc. —.1
Today, close 73.7 20.0 35.0 50.3
Prev. day... 73.8 20.2 35.0 50.4
Month ago. 765 21.9 36.7 52.5
Year ago... 65.2 22.6 345 46.7
1938 high . 795 235 378 54.7
1938 low... 495 12.1 249 33.7
1937 high .101.6 495 54.0 755
1937 low .. 57.7 19.0 31.6 41.7
1932 low... 175 8.7 239 169
1929 high.. 1469 1539 1845 157.7
1927 low... 51.6 955 618 618 J
(ComDlled b.f the Associated Press.) I
By VICTOR EUBANK,
Associated Press Financial Writer.
NEW YORK, Dec. 3.—While buy
ers nibbled at a handful of specialty
stocks in today's market, most dis
played a notable lack of appetite, so
far as the majority of leaders was
concerned.
Continuance of extremely light
liquidation was the principal encour
aging factor for boardrooms. Trans
fers for the two hours approximated
350,000 shares, one of the smallest
turnovers for a single session since
last August. Minor gains and losses
were about even at the close.
Wall Street apparently took a
somewhat more cheerful view of the
foreign field, although the row be
tween Italy and France over French
owned colonies was still a perplexing
development for the financial sector.
Business news, generally, lacked
motivating power either way. The
flattening out of the trade line, on
the whole, was about what had been
expected, and speculative forces were
inclined to await indications of what
the new year would bring forth be
fore extending commitments unduly.
Year-end adjustments of accounts
for income tax purposes again acted
as a recovery brake.
Steels had to contend with signs
of a further slight downturn in mill
operations next week. Labor diffi
culties at plants of Chrysler, Gen
eral Motors and Nash kept auto
motive shares in the background.
Continental Motors, speediest
mover yesterday, edged into new
high territory for the year on hopes
plans for expanding airplane engine
building would boost company earn
ings. New York Shipbuilding pre
ferred and common exhibited
strength on prospects for new mari
time construction in connection
with armaments. Aircrafts were re
sistant, as were some rails.
Supported were Chrysler. Grey
hound. Douglas Aircraft, United Air
craft, Southern Railway, Delaware
& Hudson, General Electric, Du
Pont, Anaconda, American Smelt
ing. Goodrich and Montgomery
Ward
Without climbing power most of
the time were United States Steel,
Bethlehem, General Motors, Wool
worth. Consolidated Edison, Amer
ican Can, Great Northern, Kenne
cott. Monsanto Chemical and United
States Rubber.
C.&O. Sells$30,000,000
Funding Bond Issue
By the Associated Press.
CLEVELAND, Dec. 3—H. P.
; Lohmeyer, treasurer of the Chesa
peake & Ohio Railway Co., yester
day announced the sale to Halsey,
Stuart & Co., Inc.. Chicago, and
Otis & Co.. Inc., Cleveland, $30,000.
000 refunding and improvement
mortgage 3\? per cent 25-year
bonds, series F. The sale provides
for a 2 per cent annual sinking
fund.
They were sold for par plus ac
criited interest, the bonds to bear
the date of December 1, 1938, Loh
meyer said.
“The sale is for the purpose of
retiring an equal amount of first
consolidated mortgage 5 per cent
bonds due May 1. 1939,” Lohmeyer
said, “and is made subject to ap
proval of the Interstate Commerce
Commission.”
Lohmeyer's announcement was
made after a meeting of the Board
of Directors here yesterday.
Home Telephone Stock
Accorded Approval
Bj the Associated Press. '
RICHMOND, Va., Dec. 3.—The
Home Telephone & Telegraph Co.
was authorized by the State Cor
poration Commission yesterday to
issue 36,000 shares of $5 per value
capital stock.
The commission's order specified
that $157,500 of the $180,000 issu
ance should be used for the liquida
tion of notes issued in favor of the
Carolina Telephone & Telegraph
Co. and affiliates. The remainder
of the money was to be used for
improvements of the physical prop
erty of the Home Telephone & Tele
graph Co.
An application of the Southside
Electric Co-operative for permis
sion to issue secured notes for $258,
000 was referred by the commission
to the engineering department for *
study.
Heads Baltimore Bank
BALTIMORE, Dec. 3 (Special).—
George W. Reed has been elected
president of the National Marine
Bank. He fills the vacancy caused
by the recent death of Thomas F.
Shriver. Mr. Reed has been vice
president since 1931 and has been
associated with the bank for many
years. He also was cashier. John
Sellers, assistant cashier, has been
made cashier.
Metal Market
NEW YORK. Dec. 8 Mb.—Copper
steady: electrolytic spot. 11.25; export.
10.32%. Tin steady; spot and nearbyT
46.85; forward. 45.00. Lead steady;sPOL
New York, 5.00-5.05; East 8t Loull 4 8?
Zinc steady; East St. Louis, spot and for
ward. 4.50 PI* iron, aluminum, anti
mony. quicksilver, platinum and Chines*
wolframite unchanced.
U. S. Treasury Position
By the Associated Press.
The position of the Treasury on De
cember 1: Receipts. $11,706,120.86: ex*
pendltures. $56,129,105.03: net balance.
92,443.642.0?7,(J6. ineludlrig S1.82083& .
774.09 working balance; customs reeetpl* *
for the month. SI.061.524.39.
Receipts for the fiscal year fslnee July
081.81 of emergency expenditures: excess
2fv.ex2?'}.<1itu"». $i .480565,249.si: gross
debt,938.639.791.43. an Increase ofc li.5..
d,,:,oM
>* *