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Childress and Richard Become Partners of Johnston, Lemon By Donald B. Hadley Donald Childress and Ralph S. Richard have been admitted as general partners of Johnston, Lemon Sc Co., Washington invest- Mr. Childress. Mr. Richmrd. ment house, it was announced to day. Mr. Childress has been asso ciated with the firm more than 20 years. A native of Washington, he is a graduate of Central High School and attended Wesleyan University and North Carolina State. He is a member of the Columbia Country Club, the Uni versity Club and the Washington Board of Trade. Mr. Richard was born in Win chester, Va., and attended Vir ginia schools. He is a graduate of Strayer College with an MCS degree and now is attending Southeastern University and George Washington University. He has been associated with the firm since 1939 and is a member of the Washington Golf and Country Club. Johnston, Lemon, with offices in the Southern Building, was founded by James M. Johnston in 1920 and holds memberships in the Washington Stock Exchange and the Philadelphia-Baltimore Stock Exchange. In addition to the new partners, general partners include Mr. Johnston. James H. Lemon, Ber nard J. Nees and Harvey B. Gram, jr. Scott B. Appleby is a special partner. Pepco Earnings Gain. Potomac Electric Power Co. earned $1.38 a share for the 12 months ended October 31 com pared with $1.12 for the corre sponding 1951 period, which in cluded only six months at the increased rates. Net income was $6,290,000 (in cluding $957,000 realized from the rate increase), or an increase of $1,094,000. Operating revenues for the 12 months totaled $47,398,- 000, an increase of $5,603,000 over the previous period. October net income was $476,000 (including $78,000 from increased rates), or SIB,OOO more than the net for October, 1951. In November Pepco authorized additional construction projects amounting to $18,889,000, the bulk of which was for a new gen erator unit at the company’s Alex andria power plant. Gross addi tions to property and the Pepco plant during the 12 months ended October 31 amounted to $15,193,- 000. Investment Bankers Meet. At Hollywood. Fla., today a record number of delegates opened the 41st annual convention of the Investment Bankers’ Association, which will last through Friday. President Joseph T. Johnson tolS the delegation that without economic leadership, as well as political and military, the United States cannot squarely meets its responsibilities of the free world. “The suspended crisis that con fronts America is twofold,” he said. “We must restore a stable economy among our allies in Western Europe and we must supplement our own sources of raw materials.” The association president, who is of the Milwaukee Co., Milwau kee, discussed world economics in broad terms. He asserted the Government should accept the proposition “that economic mat ters are best left to those who understand them best.” Among the speakers at the con vention is Harry A. McDonald, administrator of the Reconstruc tion Finance Corp. Arlington Man Promoted. W. P. Stanley of Arlington, Va., has been promoted to district su pervisor for the Washington com mercial sales office of the Stand ard Register Co. of Dayton, Ohio. He joined the company in 1950 as a salesman in the Washington office. The American Business Asso ciation, Inc., will meet at 6:30 p.m. Wednesday in the office of J. A. Kamerow, 433 Southern Building, to map plans and meet with the new officers. The group is affiliated with the Federation of Business Men’s Association. Marie G. Garrett is president. Baird in Chicago. Bruce Baird, president of Na tional Savings Sc Trust Co., is in Chciago on business, as well as for the annual conference of the First National Bank of that city. Mr. Baird has numerous business connection in Chicago. Central Promotes Cornell. The New York Central Railroad has appointed Richard M. Cornell of Silver Spring, Md., as head of its freight traffic department in Washington. He succeeds Neil R. McCormick, promoted to assist ant general freight agent at Buf falo, N. Y. Mr. Cornell, 44. and a native Washingtonian, joined the freight department in 1941 and a year ago was made general agent, which title he still retains. Personnel Group to Meet. The Washington Personnel As sociation will have a special guest speaker at its regular dinner meeting at 6 p.m. Thursday at the Kennedy-Warren. The speak er is Gordon L. Lippett of the National Education Association and the National Training Lab oratory in Group Development. New Duties Assumed. William H. Marylander, long time Washington news corre spondent, today took over assist ant administrative duties in the public relations department of E. X. du Pont de Nemours Sc Co. NEW YORK STOCK EXCHANGE the Associated Freai.) Stock and Add Met Dividend Raw. 00. Hlsh. Lew. 1:15- chte. ABBOTT I.Boa 8 48% 48% 48% - % ACP Brill 13 6% 6 6 -Vi Acme Steel 180 6 25% 25% 25% + % Adams Mlllts 2e 1 354* 35% 35%+ % Addreaaog 3b . 2 59% 59% 59%+ % Admiral 1 .. 16 31% 31 31% + % Affll OEq .40 .. 16 6% 8% 8% Air Reduc 1.40. 39 26% 25% 25% . Alaska Juneau.. 8 3 2% 2% , Aldens Inc 1 % 2 20% 20 20%+ % 1 . Alleghany Core 85 4 4 4 , Alleg Lud Stl 2b 43 39% 39% 39%+% Allied Ch 2.40a. 12 77% 76% 77%+ % Allied Kid 1.80 3 21 21 21 Allied Btra 3. 4 38% 38% 38% AlUaChaM 45 58% 57% 57%+ % Allis Chal pf3V« 14 116% 115% 116 +3 Alpha P Cem 3a 4 47% 47% 47% Alnm Ltd 2 .11 52% 52% 52% + % Alum Co Am 3_. 3 85 85 85 - % Amal Leather _ 4 2% 2% 2% + % Amerada Pet 2a 7 185% 183% 185 +l% Am Atrllnea %* 73 15% 15% 15% Am Alrl pf 3%.. 3 82% 82 82 Am Bnk Note 1. 2 18 18 18 Am Boaeh 90r 12 12% 12% 12% Am Brake Sh 3a 7 41 40% 40% Am Broadcaat 19% 9% 9% - % AmCbi&R 15e. 36 4% 4% 4%+ % Am Can 1.40 29 34% 34 34 - % tAm Can pf 1% 200 44% 44% 44% - % Am CarftPdy 3b 5 35% 35% 35% - % Am ChftCab 2a 15 31% 31% 31% + % Am Chicle 2a 3 48% 48% 48% - % Am Color l.lOe. 3 16% 16% 16% Am Cyan lh 31 55% 54% 54% - % Am Encaus %a_ 2 7% 7% 7% - % Am Exp Ll% 11 16% 16% 16%+ % Am & For P lOr 19 8% 8% 8% - % Am Gas &El 3b 11 66% 66 66%+ % Am Hide ft Lea 74% 4% 4% + % Am Home I.Boa 5 36% 36% 36% - % Am in* m 1.60 8 24% 24 24%+% Am Loco la 21 20% 20% 20%+ % Am MchftP 80b 82 23% 22% 23% +1 AmMch&Met la 7 16% 16 16% + % Am Metal la 3 25% 25 25 - % AmMetProdlVae 3 16% 16% 16% AmNatGas 1.80 22 34% 34% 34%+ % AmPotftCh B 2 5 34% 34% 34% - % Am Pow ft Lt_. 3 2% 2% 2% Am Rad ft SS la 31 14% 14% 14%+% Am Saf Raz %_ 12 6% 6% 6% Am Seating 1.. 5 21 20% 20%+% Am Smelt 3 37 41% 40% 41 Am snuff 2.40a X 3 37% 37% 37% + % Am Stl Fdy 3__ a 33% 33% 33%+% Am Stores 2 9 40 39% 40 + % Am Su Tob %p 5 12 11% 11% % Am Tel ft Tel 9 160 161% 160% 161% + % |Am Tobacco 3a 56 65 64% 65 + % Am Viscose 2a 12 60% 60 60 - % Am Wat Wkx%t 12 9% 9% 9% - % ;Am Woolen 6 24% 24% 24% ,Am Zinc 1 ... 10 17% 17% 17% - % i tAm Zlne Os 6 100 91 91 91 + % I AnaconCop 3'ie 39 43 42% 42% ItAnacW&C 4%e820 47% 47 47 - % And Pri O 1 20e 2 43% 43% 43% + % Andes Cop 6e 1 13 13 13 + % Archer Dan 2.80 3 52% 52% 52% - % Argo Oil .80 3 16% 16% 16% - % Armco Steel 3.. 32 40% 40% 40% iArmour ft C 0... 9 10% 10% 10% Arvin Ind 2 4 32% 32 32 ! Ashland Oil lb 23 17% 17 17% |Assd Dry G 1.00 22 21% 20% 21%+ % [Atchison Sa 5 96 95% 96 jAtlClty El 1.30a 1 26% 26% 26%+% Atl Cst Line 6*_ 5 115% 115% 115% Atl Refln 2 . 9 33 33 33 !Atlas Co 1.80 b.. 8 27% 27% 27%+% Atlas Pdr2e. . 5 36 35% 35%+ % AustinN pf 1.20 1 16% 16% 16% - % Autocar Co 16% 6% 6% Avco Mfg .60... 34 8 7% 8 BABBITT 40e 5 6 5% 6 Babcock ft W2b 11 37 36% 37 +1 Bald Lima 60 43 10% 10 10 Balt ft Ohio %# 265 25% 25 25% + % Balt&OhlO Pf 4. 27 44% 44 44%+ % Bangor ft Ar 6 21% 21% 21% + % Barber Oil >/ah . 3 46% 45% 46% + % Barker Bros 1 % 2 16 16 16 + % tßarker pf 2y«. 100 36% 36% 36%+ % Bath Ir Wks 2.. 1 22 22 22 Bayuk Clz .60 6 10% 10% 10% Beaunlt Mills.. 6 18 18 18 Beech Alrc la 6 15 14% 14%+ % Beech Nut 1 60. 5 27% 27% 27% - % Beld Hem >/,... 4 11% 11*% 11% Bell Alrc %h.„ 3 19% 19% 19% - % Bendlx Avia S._ 12 60% 60% 60%+ % Benef Loan 2b.. 1 36% 36% 36% - % Benguet M .10#. 55 1% 1% 1% Best ft Co 2 ... 3 26% 26 26 Best Poods 2a 1 35% 35% 35% Beth Steel 4 17 53% 53 53 BigeSan’/«D ._ 2 14% 14% 14% Black ft Dec 2b. 1 34% 34% 34%+ % BlawKnox la ._ 5 18% 18% 18% - % Blisa ft L 1.20». 2 19% 19% 19%+ % Bliss EWI . 3 20 20 20 - % Blockson C .45#. 1 24% 24% 24% - % Boeing Air 2h . 9 37% 37 37% Bohn Alum y«h_ 1 19% 19% 19% - % Bond Stores 1 z 1 13% 13% 13% - % Book o’ Mo 1 3 11% 11 11 + % Borden 2.80e .. 4 54 54 54 Borg Warner 4a 1 77% 77% 77% Boston ft Mewl 2 12% 12% 12% - % Bower R Bear 2 4 34 32 33 +1 Branlff Air 5 10% 10% 10%+ % Bridgpt Brass 2. ~17 22% 22 22% + % Briggs Mfg 2'/«e 2 36% 36% 36% - % Bristol MJ 1.60. 3 25 24% 25 + % Bkly C Gas 1%. 2 24% 24% 24% Brwn&Bigelw 1.1 11% 11% 11% + % Brunt Balka 1 2 18 IS 18 + % Bucy Erie 2e 11 26% 26 26% Budd CO 1 75 15% 15% 15% + % Bullard la 25 29 19% 20 + % Burl Mills 1 . 76 16% 16% 16% + % Burr Ad M .80*. 17 16% 16% 16% + % ; Butler Bro .60a. 3 13% 13% 13% - % Butte Cop Vat.. 4 9% 9 9 Byers AM 2a 4 21% 21% 21%+ % Byron Jack 1%. 1 20% 20% 20% - % CAL PACK 1%. 23 26% 26 26% Callahan Zinc.. 6 2 1% 1% - % Cal ft Hec .46e. 8 8 8 8 + % Campbell Wy 2. 1 24% 24% 24%+ % Can Dry 60a _. 9 10% 10% 10% - % Canad Pac l%e. 93 32% 32% 32% - % Cannon M 3 .. 2 46% 46% 46% - % Cap Adm A .85e 2 25% 25% 25% - % Capital Alrl . 11 12% 12% 12%+ % Care* Phil 1.80. 2 17% 17% 17% Caro Pft L 2 5 38% 38% 38%+ % Carrier Crp 1.40 51 35% 35% 35% Case Jll% 31 25% 25% 25% CaterplU Tra 8. 7 61% 61 61 - % Celanese 2 .. 38 38 37% 37% - % Celan cv pf 4%. 8 99 98% 99 + % Celotex 1 ’/a 9 16% 16% 16%+% Cen Ga Rwy _ 2 30% 30% 30% - % CenHudGE 65e 6 12% 12% 12%+ % Cen 111 Lt 2.20.. 24 38% 38% 38% - % Cent RR NJ A. 7 23 22% 22%+ % Cent RR NJ B. 2 23 23 23 Cent ft Souw 1. 15 20% 20% 20% + % Cen VI Sug 2a._ 3 16% 16% 16% - % Cerro d Paal V4r 10 36% 36% 36% - % Cert-teed 1a... 20 14% 14% 14% - % Chain 3elt 2 1 34 34 34 + % Ches Cp Va 2 4 30% 30 30 Ches ft Ohio 3.. 71 38% 37% 38%+ % Chicago Cp 80. 21 19% 19% 19% Chi ft East 111.. 25 20% 20% 20%+ % Chi Great West 15 26% 26 26 - % ; ChlGWpf 3.82 k 15 34% 33% 34%+ %[ Chi I& LB 6 8% 8% 8% Chi MSPftP la. 51 20% 20% 20% Chi MSP&P Pfs 10 48 47% 47% - % Chi ft N W 21 17% 17% 17%+% Chl&NWpf2.s6e 14 38% 38 38% + % Chi R1 ftP 4.. 30 71% 70% 70%+% Chi ft 8 Air %*. 3 18% 18% 18%+ % Chrysler 8 46 84% 83% 84%+ % cm OftE 2b 4 40% 40% 40% cin Mill M2a 13 35% 34% 35%+ % CIT Finan 4Via. 47 76% 75% 76 + % Cities Serv 4a.. 30 93 92% 92%+ % City Prod 2%.. *4 30% 30% 30% City Btra 1.40 _ 2 15% 15% 15% Cle* Kill] 2.60. 5 52% 52% 52%+%! Clev El 111 rt wl. 130 1% li% 1% Climax Molb 2 19 37% 37% 37% - % Clinton Pd 20P 20 24% 24 24% + % Clopay Corp 14% 4% 4% - % | Cluett Peab 2.. 4 27% 27% 27% - % Cola Palm 2b 3 45% 43% 43% + % Coll ft Aik 160 9 19% 19 19 - % ColoF ft lrl% 24 19% 19% 19% Col Brd A 1.60. 4 39 39 39 Col Brdß 1.60 13 38% 38% 38% - % Colum Gas .90# 89 15% 14% 15 Col Carbon 2 4 45% 44% 44% - % Col&SO El 1.40 16 25% 25% 25%+% Comb Eng S 3a. 4 41 40% 41 + % Coml Cred 2.40. 14 38% 38 38% + % Coml Solv 1 3 19% 19% 19%+% Comw EdlS 180 7 33% 33% 33% Conde Nast .60. 3 7% 7% 7% Cong Nairn 1% 2 24% 24% 24%+% Con Copper 85# 10 8% 8% 8%+% Cons Edison 2 12 38% 38% 38% ConGEßal 1.40. 5 26% 26% 26% - % ConNatGas 2%. 2 58% 58% 58%+% ConsßßCubapf 4 36% 36% 36%+ % ConsßetStra .80 * 9% 9% 9% Cons Text VaP-. 3 9% 9% 9% ConaVultee 1.80 21 19% 19% 19%+% Conaum Pow 2. 6 36% 36% 36% + % Container 2a .. 2 42% 42% 42% + % , Cont Bak 160 1 19% 19% 19% tContßak 0f5% 470 91 90% 91 + % Cont Can 2 4 48 47% 48 ContCopftS .60b 37 9% 8% 9% + % ContCftSl ofl V« 2 17% 17% 17% - % Cont Mot 65e_ 10 10% 10% 10% - % Cont 011 2tie 4 62 61% 62 + % Cont Steel 1.40. 2 20% 20% 20% Corn Prod a 60. 2 71% 71% 71%+% Corning G1 la.. 4 75% 75% 75% + % Coty ine 16# 3 4% 4% 4% + % Crane Co 2a _ 9 32% 32 32%+ % Crown CftS %P 5 14% 14% 14% Crown ZeU Ba.. 4 66% 66 66%+1 ; erne Stl 2%t 3 32 32 32 + % CrueStlpf 6... 5 86% 85 86 +l% I tCuba RR pf —370 34 33% 33% + % Cub Am 8 I%#. 2 16% 16% 16% - % : Cudahy Pack.. 3 6% 6% 6% - % Cuneo Press 3 10 10 10 Curtis Pub .20#. 5 6% 6% 6% ; Curtis* Wrl .60. 47 8% 8 8% Cutler Ham 2a 5 43 42% 43 + % DANAS .. . 3 33% 35% 35%+ % Davega Btra %e 2 9 8% 8% - % Davis Chem 1%. 440 40 40 +% ' Daystrom 1 .. 3 15% 15 15% -% j Decca Ree .70 . 5 9% 9% 9% - % i Deepßock 011 2 25 46% 45% 45%-1 oeere l%h ... 41 31% 31% 31% - %] Del ft Hud 4. 20 31% 50% 51%+1%] DelLackftW V«* 30 14% 13% 14 Den ft RGW 4. 2 78% 78% 78% - % i DenftßGW of 6 10 90% 89% 90% +l% i Det EdlS 1.40 15 24% 24% 24%+%, DetMch St* .60 16 6% 6 6 - % ? Det Stl Cp 17 13% 15% 15% + % | Dlam Alkali 1 % 3 31% 31% 31% , Diamond Mat 2 7 40% 39% 40% +% i Diana Str 80 13 12% 12% 12% - % , Dlst CD 8 1 20a 22 26% 26% 26% + % ] Dlvco Cp .70# . 2 8% 8% 8% - % 1 Dixie CUP 160 5 38 36 38 +% ] Doehlr Jar 1 V«g 5 34% 33% 33% -%] Dome Min 70 11 20% 20% 20% +% ] Douglas Aire 3a 3 61 61 61 +% 1 Dow Chem V«r 46 44 43% 43% -% 1 Dresserlnd 1.60 14 22% 22% 22% 1 Duplan cp ,10a. 12 12 11% 11% 1 Du Pont 3.56a.. *0 95% 95 95% - % f flalii Stock and Add Net Dividend Rata. 00. High. Low. 1:18. chge. East Air Line % 59 25% 24% 25 East St Btl %e. 3 14% 14% 14% + % Eastman I.Bor. 21 44% 44% 44%+ % Eaton Mfg 2a.. 35 43% 44% 45 +l% Ekco Pr 1.40 _ 5 20% 20 20 Elec Auto Lite 3. 5 52% 52% 52%+% El&Muslnd.OTe 7 2 2 2 El Stor Bat 1 tie 3 37% 37% 37% Elgin N W ,60b 4 11% 11% 11% Elliott Co I.Boa 68 30% 29% 30%+% Elliott c*pf 2% 3 56 54% 56 +2% ElPasoNO 1.60. 10 35% 35% 35% - % Emer Elec 1.40 43 16% 16% 16%+1 Emer RadftP 40 12 13% 13% 13% + % Emo DEI 1.40 1 25% 25% 25% + % BndlCOtt J 1.60. 4 29% 29% 29% + % Eqult Gaa 1.30. 7 22% 22 22 EqultOßldg 60. 21 7% 77% Erie RR I%e .. 40 23% 23% 23% - % EurekaWms.lOe 3 77 7 PAIRBNK 1.40e 1 24% 24% 24%+ % Falrch EftA 60c 77% 7% 7% Pam Pinan 1.40 4 18% 18% 18% FamPin pfß 2% 2 57 57 57 +1 Pansteel tir... 10 27% 27% 27%+% Pedd Quit 3 4r_. 24 14% 14% 14%+ % ♦FeddrsQ pf 2% 1 54% 54% 34%+2% Fed Pawlck .. 6 6% 6% 6% + % FederDStrs 2%. 8 44% 43% 43% - % PerraCp 1.60.. 13 27% 27 27%+ % Firestone 3a .. 17 72% 71% 71% - % PlrthCnt 55e.. 2 11% 11% 11% Pllntkote 2a 3 28% 28 28% Florida P 1.20 15 24 23% 24 Pla Pw&Lt 1.60 x 2 33% 33% 33%+ % Pollans Stl 1 tie 10 17% 17 17 + % Pood Pair 80b. 12 24% 24 24% + % Pood Mach 2 .. 7 43% 43% 43% - % Fost Wheel tip. 1 19% 19% 19% - % Freeport Sul 2 8 41% 41% 41% - % Fruehauf Tra 2 3 25 24% 25 GAIRROBTIti 12 18 18 18 + % Gamble Sk .60. 4 7% 7% 7% Gamewell 1a... 5 19% 19% 19%+% Garrett 160 1 32 32 32 + % Gar Wood Ind.. 76% 6% 6% Gen Am In .30a. 5 29% 29,% 29% + % GenAmTran 3a 2 61% 61 61% + % Gen Baking la. 5 13 12% 12% - % Gen Cable 1a... 12 11*% 11% 11%+% Gen Cigar 1 2 18% 18% 18% Gen Dynamic 3 14 41% 40% 41% + % Gen Elec 3 . 23 70% 70 70% - % Gen Finan .60.. 2 10% 10% 10% Gen Foods 2.40. 6 52% 52 52% tGenFds pf 3'/a. 4 95 95 95 Gen Instru _ 5 10% 10% 10% + % Gen Motors 4 . 44 64% 64% 64% + % Gen Pub 8 .80g. 14 4% 4% 4% - % GenPubO 1 40a 40 27% 26% 27% + % Genßeal&U.fiOb 4 11% 11% 11% Genßefracl.GOa 15 24% 24% 24%+ % Gen Shoe 2% 4 40 40 40 Gen Telephne 2 7 35% 35% 35% - % Gen Tire ft R 2 14 30% 30% 30% - % Ga Pac Ply 1%. 15 15% 15% 15% Gimbel Bros I_. 6 15% 15% 15% Glean Har* 2 4 22% 22*% 22%+ % Slldden 2a 3 35 34% 35 + % Goebel Br ,40a.. 6 7% 7% 7% Goodall 81 ti 3 16% 16% 16% - % Goodrich 2.60a. 9 75 74% 74% Goodyear 3b . 12 49% 48% 49%+ % GouldNatßat 3. 2 55 54% 55 + % Graham-Palge. 17 2% 2% 2% GranCStl l.lOr. 4 20% 20% 20% Grant lti . . 1 32% 32% 32%+ % Grayson Rob lb 3 17 17 17 - % Gt N I Ore 11ie. 14 16% 16% 16% Gt Nor Ry Os 4. 33 54% 53% 54%+ % Greyhound 1 14 13 12% 13 + % Grum Aire 2e._ 7 26% 26 26% Gulf Mft O 2.. 11 36% 36% 36% + % Gulf 011 2b . 16 49% 49% 49% + % Gulf 8t Dt 1.20. 5 28% 28% 28% HALLIBRTN 3- 4 54% 54% 54% - % Harb Walk 2a _ 6 31% 31% 31% - % Hart SftM 1 60 2 23% 23% 23%+ % Hayes Mfg .60 32 7% 7% 7% Hazel AUG 1.20 9 20% 20% 20% + % Hecht Co I 80 3 29% 29% 29% + % Helme 1.60a . 3 24% 24% 24%+% Here Powder 3e 11 71% 71% 71% Hersh Choc 2b. 2 41% 41% 41% + % Hewitt Rob 2.. 2 24 23% 24 Heyden Cb tie 20 16% 16% 16% - % Hilton Htls 1.20 4 15% 15% 15% Hires CE tie . 5 9% 9% 9% Holland Furn 3. 6 20% 20% 20% + % Holly BUX 1 6 16% 16% 16% - % Homestakel .20* 16 37% 37 37 + % Honolulu O 2 tie 11 46% 45% 45 - % Hooker Elec 2.. 2 59% 59% 59%+ % Houd Hera l%e. 2 13% 13% 13%+ % Houseb F 2.40a. 2 48% 47% 48% + % Houston LftP 1. 10 25% 25% 25% + % Houston 011 2b 4 63% 62% 63% +1 HowardStra 1 % 2 16% 16% 16% + % Howe Snd 1.40. 33 20% 20% 20% Hudson Mot %r. 1 16 16 16 - % Hupp Corp .10e. 3 4 44 Hussmann 1.20a 7 23% 23% 23% + % 111 Central Stie. 19 83% 82% 83%- % 111 Power 2.20 6 40 40 40 + % IllTermßß ,40p. 4 7% 7% 7% Inter Rand fit. 7 90% 89% 90 + % Inland Steel 3.. 12 45% 45 45%+ % Insplr Cop 2’4e. 22 27% 26% 27%+ % Interchem 1.60. 6 21% 21 21% + % Interc Rub ,10e. 9 4% 4% 4% - % Int Bus Mcb 4b 2 229% 229 229% - % Int Harv 2 14 33% 33 33 IntMlnftC 1.60. 2 40% 40% 40% - % Int Mining ... 2 2% 2% 2% - % Int Nickel 2a... 8 43% 43% 43% + % ♦lnt Nick Os 7 100 133 132% 133 +1 Int Packing 60a 7 10% 10% 10% + % Int Paper 8. 11 52% 52% 52% Int Shoe 2.40. . 1 38% 38% 38% - % Int Tel ft T .80. 23 19% 19% 19% - % Inters DBtr 2‘/i 3 29% 29% 29% Interst Pw .60 x 1 10% 10% 10% + % la 111 G&E 1.80 4 27% 27% 27%+% la Pw & L 1.40. 3 24% 24% 24% Johns Man 3a .. 1 72% 72% 72% - % Jones ft L 1.80. <9 22% 22% 22% - % Joy Mfg 2Via ... 4 34 33% 33% - % KAISER 1.30 b.. 6 26% 26% 26%+% KaiserAl pf 2ti. 1 44 44 44 - % Kalamazoo Stv. 5 18% 18% 18% KanCPftL 1.00. 15 30 30 30 + % Kan city 80 5.. 2 88 88 88 - % Kan Pft L 1.13. 5 19% 19% 19% + % Kayser J 2 12% 12% 12%+ % Kennecott 6e 24 74% 74% 74%+ % Kern C Land 3a 6 52% 52% 52% - % KlmbClark 2.40 4 50 49% 49% - % King Beel 2 1 25% 25% 25% + % Koppers Co 2a_. 11 40% 39% 40 Kresge 88 2 4 35 34% 34?4 Kress 8 H 3.... 3 51% 51% 51%+ % Kroger Co 1.60a 6 40% 39% 40%+ % LACLEDE G ti. 13 8% 8% 8% Lambert Iti 8 20% 20% 20% + % Lee&Sons 1.40a 3 25% 25% 25% - % LehlghCftN 70a 30 9% 9% 9% + % LehP Cem 1.20 6 30% 30% 30% Leh Val Coal 5 1% 1% 1% + % LebVC lpf 1.68a 3 14% 14% 14% + % Leh Val C 2 pf.. 5 4% 4% 4% Leh Val R R . 45 20% 19% 19% - % Lerner Btrs lti 6 22% 22 22 Llb-O-Fd G 13.. 4 40 39% 39% - % Lib McNftL 25 7% 7% 7% Ltgg ft My 4a... 12 74% 73% 74%+ % Lily Tulip 2ti _ 2 70 69% 69% Link Belt 3.40.. 3 44 44 44 - % Lion 011 3 ._ 28 34% 34 34% - % Lionel Cp .80a.. 8 16% 16% 16% - % Llo carb 1.40 5 18 17% 17% - % LockheedA 1.20 17 21% 21% 21% Loews .80 54 12% 12% 12% - % Lone 8 C 1.40a. x 7 30% 30% 30% - % Long U1 Lt .90. 27 17% 17% 17% Lorillard 1.20* 23 24% 24 24% + % Lou ft Nash 4a. 3 64% 64% 64% + % Lowensteln 2... 5 31% 31% 31% - % Lukens Stl la 1 43% 43% 43% + % MftM W W 85a. 3 10% 10% 10% - % Mack Trucks 1. 9 13% 13% 13%+ % Macyl.oo 8 27% 26% 26% - % Magic Chef .20a 2 8% 8% 8% + % Magma Copper. xr36 28% 28 28% - % Magma Cop rta. 186 2% 1% 1% - % Magnavoz Iti 10 20% 20% 20% - % ManatlSug .60*. 3 7% 7% 7% + % Mas del 8r05... 16% 6% 6% - % Maracaibo 80.. 4 8% 8% 8% + % Marathon 1.20. 11 24% 24% 24% Marine Mid .60 25 12% 12% 12% + % Mar Midi Os 2% 3 55 55 55 - % Marsh Field 3 5 24% 24% 24% Martin GL .. 50 13% 13% 13%+ % Martin Parry.. 17 12% 12% 12% Masonite 1 10 25% 25% 25% MasterElec 1.60 4 18% 18% 18% + % Math Chem 2 39 41% 40% 41% + % MayDeptSt 1.80 5 31% 31 31% + % McCall 1.20 3 18% 18% 18% McCrory Str la. 7 15% 15% 15% Mclntyre 2a . 1 69% 69% 69% - % McKess ft R 2% 9 35% 35 35%+ % Melville Sb 1.80 13 25% 25% 25% Mengel 17 13% 13 13 - % Mercant Btra 1. 3 18% 18% 18%+ % Merck ft Co .80. 16 28% 27% 28%+ % MerckftCopf3ti 1 90% 90% 90%+1% Mesta Mcb 2ti. 7 40% 40% 40% - % MldCont Pet Ba. 4 62% 62% 62% Mid BDt 1.80.. 4 28% 27% 28%+ % Midi Stl Pr sa.. 4 46% 45% 46%+ % Minn Hon 2a.10 62 60% 62 +2 tMinnHn Pf 3%. 2 116 116 116 +3% Minn Mol 1.60.. 8 17% 17% 17% Minn ft St L la. 22 17% 17 17 - % M SPftSSM I*.. 13 19 18% 16% + % Minn it ft Ml. 16 43% 43% 43% Minn PftL 2.20. 4 37% 37% 37%+ % Mission Cp 2tif 3 26% 28% 28% - % Mission De* le. 6 16% 16% 16% - % Miss RIV Fu 2a. 4 36 36 36 - % Mo-Kan-Tex 27 4% 4% 4%+ % MoKanT ofltik 6 62% 62 62 M-Pacßßpf .. 19 37% 37% 37%+ % Mohawk Cl tie- 1 27 27 27 + % Monsan Ch 2%. 26 91% 90% 91% - % MontDakOt 00 22 24% 23% 24 + % Mont Pow 1.40 7 29% 29% 29% Mont Ward 2a. 47 61% 60% 61 + % MooreMcCL lti 2 17% 17% 17% Morrell ti 1 12% 12% 12% - % Motor Prod *— 31 31% 30% 31 + % Motorola lti... 9 42% 41% 42 Mueller B 1.20a 7 24% 24% 24% + % Mullins M 1.60 b 2 25% 25% 25% + % Munsingwear 1. 2 12 11% 11% 1 Murray Cp 2 .. 29 21 20% 21 +% 1 NASH KKLV 66 22% 22% 22% + % 1 Nat Acme Sa . 4 32% 32% 32% - % I Nat Airline ti*. 4 13% 13% 13% 1 NatAutoFiber S 7 18 17% IS + % Nat Avlat 2.40*. 7 23% 23% 23% + % ’ Nat Biscuit 3 IB 35% 34% 35 + % ' Nat Can ti* 3 10% 10% 10% - % ’ Nat Cash Reg S. 12 51% 51% 51% + % 1 Nat city L 1.40. 26 14% 14% 14%+ % ’ Nat Cont 1 .21 10% 10% 10% - % ’ Nat Cyl Gaa 1.. 5 15 15 15 -% ' Nat Dairy 8. _ 13 60 59% 59% +l% 1 Nat Dept Str la 2 14% 14% 14% - % ’ Nat Distillers 1 121 22% 22% 22% + % 1 Nat Dlst pf 4%. 2 99% 99% 99% - % 1 NatQypsml 40b 20 21% 20% 21 + % 1 Nat Lead la 29 31% 31% 31%+ % ’ Nat MalftS C2a 4 34% 34 34 + % 1 NatShrs 00a.. 1 33% 33% 33%+ % ’ Nat steels .. 21 49% 48% 48% 1 Nat BUP 2a 7 30% 30% 30% - % 1 Nat Tea 1.60... 6 25% 25% 25% 1 Nat Tea pf 420 3 104% 104% 104% +% 1 Nat The# 15e . 5 4% 4% 4% +% \ Nat VulFlb 1.20 3 12% 12% 12% +% 1 Natomas 80*._ 3 6% 6% 6% +% 1 Nesco Ine 13 13 12% 12% \ New Enx El .90. 91 14% 14 14% + % \ Newmontltih.. 15 54 52% 54 +1 1 jjewportlndtin. 12 15 14% 14% 1 mis Stock and Add . He* Dividend Rata. 00. High. Low. 1:18. chge NewptNws 82a 2 34% 34% 34% - % INV Air Br 1.60 9 19% 19 19 NY Central Vie. 287 22% 22% 22% + % NY ChlftSt L 2. 39 44% 43% 44% + % NYN H ft Hart 9 23 22% 23 + % > NYNH&H pf »k 62 62% 62 62% - % Nlag MPw 1.00 114 27% 27% 27% NlagM P A 1.20 32 30% 30% 30% Noma Elec 14 13% 13% 13% + % NopcoChm 1.20 3 20% 20% 20%+% Norf ft West 3a. 5 51% 51% 51% + % No Am Avia Vie 33 17% 17% 17% No Am Co 1.20. 15 23% 23% 23% 1 NoNatGas 1.80. 18 43% 43% 43%+ % 1 Nor Pacific 3 .. 25 69% 68% 69 - % 1 Nor St Pow .70 33 13 12% 12% - % Northrop Air lb 14 13% 13% 13% Northwest Air). 9 13% 13% 13% - % NrthAlr of 1.15 3 21% 21% 21% - % OHIO ED 8.20 16 37 36% 37 + % Ohio Oil 3 10 54% 53% 54 + % Okla GftE 1.40 18 24% 24% 24% - % OklaGE wd 1.40 38 24% 24% 24% Oliver Co 1.20. 17 14% 14% 14% - % Omnibus */ 4 r .. 9 12% 12% 12% - % Otis Elev 2 Vie . . 4 38% 38 38%+ % OwensCFlb 60e 8 45% 44% 45 + % Owens 111 G1 4 18 73% 73% 73% + % PABCO PD .450 21 12% 12% 12% Pac Am Fish le 2 13% 13% 13% - % Pac Gft E 2 33 38% 38% 38% + % Pac Lighting 3. 13 54% 54% 54% - % Pac Mills 1 Vip 4 27% 27 27% + % tpac Tft T 7 330 118% 117 118% +2 Pac TftTrt wi 83 2% 2 2% + % PacTln Con .95# 10 7% 7% 7% Pec West 011 8 19% 19% 19% Packard 15p 514 5% 5 5 + % 1 Pan Am Air Vie 36 10% 10% 10% 1 Panhan EPL 2a 7 78% 78 78 + % Panhand O .30# 77 6% 6% - % Param Piet 2 13 26% 26% 26% + % Parke Dav I.Boa 8 47% 47 47 + % Parkrßust 2Via. 2 35 35 35 + % i Parmelee Tr Vi. 10 8% 8 8% + % Patino Min V«r. 22 6% 6% 6% Peab Coal .300 5 5% 5% 5% PennDlxC 160 s 5 30% 30% 30% Penney JC 2a . 7 69% 69% 69%+% Penn PftL 1.60 5 31% 31% 31%+ % Penn RR 1 113 21% 21% 21%+% PeooGasLftC 6 12129% 129 129 - % Peoples Gas rts. 65 5% 5% 5% - % Pepsi Cola 35a. 45 9% 9% 9% - % Pfelfferß 1.60.. 6 17% 17% 17% + % Pfizer la . . 32 34 33% 33%+% PhelpDod 2.60a 26 38 37% 37% Phi]&RC&ll.4o 24 17 17 17 + % Philco 1.60.. 11 35 34% 34% Philip Morris 3 30 50% 50 50% + % PhiUlpsPet 2.40 19 58% 58% sfc% - % PillsburyMllls 2 4 37% 37% 37%+ % Pitney Bowes 1_ 3 18% 18% 18% - % Pitt CokeftC la 5 28% 28% 28% + % Pitt Con Coal 3. 661 60% 60%-1 Pitt Forg 1.20 b. 4 15% 15% 15%+% Pitt Plate G1 2e 23 53% 53 53% 1 Pitt Sc&B ,60a. 3 8% 8% 8% Pitt Bteel lV.f 11 19% 19% 19% + % Plvmtb O 160 b 4 30% 30 30 - % 1 Potom El Pw 1. 2 18% 18% 18%+% Pressed Stl Car. 24 10% 10% 10% - % I ProcftGam 2.60 4 68% 68% 68% + % PbSvcE&G 1.00 31 27 26% 26% PSEftG pf 1.40. 7 27% 27% 27% - % Pub Sv Ind 180 7 34% 34 34%+% 1 Publicker In %f 12 14% 13% 13% - % Pullman 3e 11 40% 40% 40% Pure Oil 2a ._ 6 63% 63% 63% - % QUAK O 1.30e_ 3 28% 28% 28% ' RKO PICT 64 3% 3% 3% + % RKO Theater.. 38 3% 3% 3% - % Radio Corp 1... 56 29% 28% 28% - % ' Ravonler 1%... 18 34% 34% 34% - % Rayonler pf 2.. 2 35 34% 34% - % Raytheon Mfg. 20 11% 11% 11% 1 Reading Co 2 8 31% 31% 31% + % 1 Reeves Bro 1.20 2 15 14% 15 + % Rem Rand %r. 24 19% 19% 19% Reo Motors 2b xl3 24% 24% 24% + % 1 Repub Avia l%r 21 19% 19% 19% 1 Repub Picture*. 73% 3% 3%- % Repub Steel 4e 77 42% 42% 42% + % 1 RevereC&B 2 Vi* 21 34 33% 34 + % RexallDrug .15* 20 5% 5% 5% , Reyn Tob B 2 20 42 41% 41% - % Richfield 011 3a. 4 61% 60% 61% - % Roan Ant C Via. 6 7% 7% 7% 1 Rob Mills pf 2 Vi. 2 39 38% 38%+ % i Robt Fultn IVi 5 18 17% 18 + % 1 Rons AMW 85e. 18 10 9% 9% - % ! Royal Type 2... 4 21% 21 21 Ruppert J 2 15% 15% 15%+ % I SAFEWAY 2,40. 22 34% 34 34% - % fSt Joseph Ld 3b 6 41% 41% 41% StJoe LftP 1.60 4 28% 28 28 St L San Fran 2 74 26% 28% 28% St L San Fps 6. 4 70% 70 70 + % ♦St L Southw 6. 60 310 265 310 +6O St Regis Paperl 27 19% 19% 19% + % Savage Ar 1.30e 7 13% 13% 13% Schenley Ind 2. 24 27% 27% 27% Scott Pap 2.40.. 2 56% 56% 56% - % Scovlll Mfg 2... 5 31% 31 31%+ % Scran tn Elec 1.1 15% 15% 15% - % Seab Airline 5.. 1111% 111% 111% - % Seabd Fin 1.80. 9 24% 24% 24% - % Sears Roeb 2*.. 9 59% 59% 59% - % Seeger Rfg 2... 3 23% 23% 23% - % Selber Rub 1... 5 11% 11% 11%+% Serve! Vie 71 13 12% 12% - % Sham O& O 2.. 6 39% 39 39 Sharon Stl 3e.. 7 39% 39% 39%+% Shattuck 40 .. 20 10% 10% 10%+ % Shell 011 3 .17 69 68% 69 +ri Shelter M 1.20. 19 16% 16% 16%+ % Sheraton 60b . 18 13% 13% 13% - % Silver King Col. 2 2% 2% 2% Simmons 2Vie.. 3 29% 29% 29% Sinclair O 2.60 31 40% 40% 40% Skelly 011 3a... 3 81 80% 81 + % Smith Alex . 12 14% 14 14 - % tSmlthAlx3Vipf 160 57% 57 57 -1% Socony Vac 2 32 35% 35% 35% - % Solar Alrc .80*. 34 19% 19 19%+ % Sou A GftP .35# 18 5% 5% 5% SoCaroKftG .60 21 11% 11% uu - % Soup Rlc Sug 5e 1 55 55 55 + % Sou Cal Edit 2 13 38% 38% 38% Southern Co .80 46 16% 16% lE% + % So Ind GftE IVi 7 25% 25% 25% - % Sou Nat G 1.40. 5 29 28% 29 SOU Pacific 3... 46 44% 44% 44% Sou Railway 4 29 78 77% 77% - % 1 SnarksWith ’ie 8 6% 6% 6% 1 tSDnCh cvpf2Vi2oo 53% 53% 53%+ % 1 Spenc Kel 1.30e 9 19% 19% 19% + % i Sperry Cp 2. 16 43% 43 43%+ % Spiegel 30p ... 12 8% 8% 8% + % Square D 1.40a 12 32% 32 32 1 Btdßrandsl6o* 14 27% 27 27 1 Std Coll Prod 1. 8 17% 16% 17 + % Std Gas ft Elec. 22 18% 18% 18% - % Std GftEs4 pf 6 108% 108% 108% StdOUCal 2.60a 21 56% 56% 56% - % 1 Std Oil Ind 2 Vib 19 74% 74 74% Std Oil NJ 3a 43 75% 75% 75% - % I Std O Ohio 240 18 37% 37 37% + % 1 Std Btl Spg 2b . 4 25 24% 24% + % Sterling Drug 2 24 34% 34% 34% + % 1 Stevens JP 2 8 35% 34% 35% + % Stew War 1.40a 4 21% 21% 21% StixßrftFu 1.20 6 16 15% 16 + % Stoke-Van Cl.. 12 15% 15% 15%+% Stone ft Web 2e 8 27% 27% 27% + % Studebaker 3 35 36% 36% 36% + % Sun Chem 60s. 5 9% 9% 9% + % Sunray 011 1.20 10 19 19 19 + % Sunsh Biscuit 4 3 69% 69 69% + % Sunshine M .80. 4 9 8% 8% Superior Stl lb. 2 22% 22% 22%+ % Suther Pap lVi. 2 26 25% 26 + % Sweets Co Via.. 2 15% 13% 13%+ % Swlft&Co 1.60*. 9 32% 31% 32% + % Sylvan El Pr 2. 25 41% 40% 41% S*m Gould Via. 76% 6% 6% - % Tenn Corp 2* 2 40% 40% 40%+% Text* Co 3a 15 56% 56 56 - % TexGulfPr 1.40 5 31% 31% 31% TexPC&O 1.40* 14 3«% 38% 39 - % Tex&Pacßy 6a. 2 124 123% 123% + % Tex Util 1.78 14 44% 43% 44%+ % Textron %p 12 10% 10% 10% - % Thatcher Gll.. 4 12% 12% 12% + u Thermoid 70e__ 8 8% 8% 8% Third Ave Tr* .. 4 1% 1% 1% Thompson Pr 2. 3 57 57 57 - % Thom Starr pf.. 2 26% 26% 26%-1% Tide Wat As la. 23 20% 19% 20% + % Tims Det Ax 2.. 12 23% 23% 23%+ % Tlmk R Bear 8 18 44 43 44 +1 Toledo Edls 70. 8 12% 12% 12% + % TransWorldAlr 14 19% 19% 19%+ % Trans W Air rt. 72 qfa % %- % 4 Transamer 65r 14 26% 26% 26% + % Trl Cont 66e 72 17% 17% 17% + % Truax Tra 1.60 7 16% 16% 16% TungSolElec 1* 12 20 19% 20 + % ♦TungSolpf 2Vi 320 55% 55 55%+1% Twen Cen Fox 1 45 12 11% 12 + % Twin Coach Via. 2 8% 8% 8% UDYLITE 1 2 13% 13% 13% - % Underwood 4e.. 9 50% 49% 50%+ % Un Bag ftP 3a. 24 so 49% 49%+ % Un Bat&Pap rt. 686 1% i%» 1% Un Carbide 2*.. 32 69% 68% 69%+ % On Oil Calif 2__ 47 38 37% 38 + % On Pacifies*... 4 116% 116 116 - % On Pacific pf*. 5 50 49% 50 OnTnkCar 2.60 13 40 40 40 - % Otd Air Line* 1* 40 30% 29% 29% + % Otd Air LPf 4% 4 100% 100 100% Otd Aircraft *.. 31 36% 36% 36% Otd Blsc *.. .. 1 36% 36% 36%+ % Otd Carbon 2Vi. 1 61% 61% 61%+ % OtdCarrF 1.60* 1 29 29 29 + % OtdCicWhel . 86 4% 4 4 Otd Corp .20*.. 46 5% 5% 5%+ % Otd El Coal la. 6 16% 16% 16% Otd EngftFdy 1. 22 14% 14% 14% - % Utd Fruit 3a .. 42 57% 56% 37%+ % Otd Gas Cp IVi 79 27% 2T% 27%+ % OtdGaslm 1.40* 7 34 34 34 + % Otd MftiM 1- 21 13% 12% 13 Otd ParTh 1 Vi# 51 13% 13% 13% - % UtdPar ct l'ie. 1 13% 13% 13%+1% 08&ForBeo .46* 22 66% 66 66 - % 0 8 Freight la. x 5 29% 29 29% + % 0 8 Gypsum 4a. 29 116 112% 116 +2% OS Hoff Mach 6 26 26 26 + % O 8 Leather lly 6 10% 10% 10% + % OB Lines 2 7 21 20% 21 O 8 Plywd 1.40 3 29% 29% 29% - % O 8 Rubber 1 Vib 43 29% 29 29 - % OB smelt 2* 2 58% 58% 58%+ % 08Steel8 ...179 42 41% 41%+ % O 8 Steel pf 7 4142% 142% 142% + % 0 8 Tob 1.20 7 20% 19% 19% - % Onl* Picture 1.. 9 15% 13% 13% - % Utah P&L1.80. « 35% 33% 33% VAN NOR 1.40* 4 19% 13% 15% - % Van Raalte 2.00 1 28% 28% 28%+ % Vanadium 2.40. 14 43% 42% 43 + % VertCSug 1.89*. 3 10% 10% 10% - % Vick Chem 1.20 5 25 24% 24%. % Victor CbW la. 6 26% 26% 26%+ % Va Caro Chem.. 3 22% 22% 22%+ % Va CCh pf 6k.. 2 127 126 127 +% Va El ft Pw 1.40 11 26% 26 26% + % V* Rwy 2 Via _ 1 34% 34% 34%+ % VaßwypflVi-. 130 30 30 + % WALDORF 11 12% 12% 12% ! Walgreen 1 80a 2 27% 27% 27% -% , Walker H 3 ... 10 46% 46% 46% + % ' Walworth V«a.. 5 8% 8% 8% I Ward Bak la 5 21 21 21 +% 1 Warner Bro* 1. 16 12% 12 12% < Warner Hud la 11 16 15% 16 1 Warren Pet 160 93 33 32% 32%+ % Wash GaaL 1.80 1 31% 31% 31% - % Wash WPw %t 19 26% 26 26% WaynKnltl.4o* 7 23% 23% 23%+ % 1 Warn* Pump . 1 12% 12% 12% - % i Webster Tobac. 3 10% 10% 10%+ % < West Ind Sug 8. 12 29% 29% 29% - % ' WKy coal 2* 7 27% 27% 27% + % West Penn El 2. 91 36% 36 36%+ %j V Rails and Steels Pace Rising Stock Prices; grading Again Heavy By the Associated Press ; NEW YORK. Dec. I—Restricted » progress today in the stock mar ket was paced by steels and rails. , Price changes were confined to ' less than a point either way with ' many leaders unchanged, i Volume expanded with an un | usually heavy first hour of 520,000 ! shares. 1 Railroads were the first to show , activity at higher prices. By the i time they tapered off, steels took I over and swung ahead. While i most other major sections of the market were moderately higher, , little sustained activity was ap -1 parent. American Telephone was an i outstanding feature at a new high. It opened on a block of 2,500 i shares up V 4 at 160V 2 and then moved ahead a major fraction. 1 Chrysler added a major frac » tion in the motor division on ! heavy volume. > Also higher were New York Cen tral, Pennsylvania Railroad, Balti more Sc Ohio, Consolidated | Natural Gas, Kennecott Copper, i Homestake Mining, Allied Chem -1 ical. International Paper, U. S. ! Steel, Bethlehem Steel, Stude ' baker, Montgomery Ward, J. I. • Case, Douglas Aircraft, and Zenith • Radio. ( St. Louis Southwestern Rail i way, which has a habit of making | wide swings on a few sales, out ! did itself today with a forward jump of 60 points on a few sales 1 of 10 shares each. The last sale put the price up to 310. | Corporate bonds were active and i firm. Governments in the over [ the counter market were steady. ! Washington Exchange . Pot Elec Fwr com—lOtf'at 18%. 1 Cap Transit Ist ref 45—52,000 at 100. Garflnckel com—loo at 17%, 20 at 17%. t BONDS. Bid. Asked, i Am T&T cv db 2%s 1961 .115 , Cap Transit Ist rs 4s 1064. 99% , Georgetown Gas Ist 5s 1061 112 114 Pot Elec Pwr 3’,4S 1977 90% ’ Pot Elec Pwr 3s 1083 94 Pot Elec Pwr 2%s 1984 . 04 • Ter Rf ft W Cp Ist 4s 1958 100% > Wash Gas 5s 1960 111% PUBLIC UTILITY STOCKS. , Amer Tel & Tel (9) 160% Capital Transit (a3.90) 14V« 15% Pot Elec Pjvr com (1) ... 18% 18% PEP a.UOC'r pfd A (1.80)... 44 45 • PEP 3.60% pfd B (1.80).... 44 45 • Southern Co com U (.80) _ *l6 16% Va El & Pwr com U (1.40). *"6 28% i Wash Gas Lt com (1.80) . 31 31% , Wash Gas Lt cm pf (4.25). 98 Wash Gas Lt cc pf (4.50) 108 BANKS AND TRUST COMPANIES ~ Amer Sec ft Tr (tl> _. 33 34 • Bank of Bethesda (11.60) 40 • Com ft Savings < 110) 320 I Capital (tl) 25 i Liberty (8) . 340 , Lincoln <ts) 250 Natl Sav Tr new (1.20) 56 Riggs (tl2) *373 880- Suburban Trust (1.20) 34 Union Trust (tl) 43% 48 ” ' Washington (t. 60) 40 • Wash Loan ft Tr (t 1.20) 45 ) . FIRE INSURANCE. " American (t 6) 200 Firemen's (1.60) 31 , National Union (1) 23% I MISCELLANEOUS. • Carpel Corp (a.75) 9 » Garflnckel com (1.50) . 17 17% 1 Garflnckel 5%% pfd (1.375) 20V« 21 1 Garflnckel 4%% pfd (1.125) 17% 18 1 Goldenberg com A (.30) . 3 3% 1 Goldenberg cv 6% pfd (.60) 8% 10 Hecht Co (1.80) .. 29 29% Hecht 3%% cm pf (3.75)._ 82% 1 Lanston Mono (a1.25) ._ 13 14 Mergenthaler Lino (t 2) 28% 80 1 Natl Mtg ft Inv com 9 1 Natl Mtg & Inv pfd (a.60) . *7% 7% 1 Peoples Drug St com (2) .. 30 31 , Security Storage (tS) 101 . Ter Ref ft Wh Corp (3) ..53 ... Wdwd & Lothrop com (2) . *3O 30% Wdwd ft Lothrop pfd (5) . *lO5 •Ex dividend. tPlus extr* or extra*, a Declared or paid so far this year. U Un -1 listed. 1— —. | Chicago Livestock CHICAGO. Dec. 1 m (USDA)—Salable 1 hogs, 20,000: slow, mostly around 25 , cents lower on all weights butchers. Instances 35 cents lower on weights under 230 pounds: sows also slow, around 25 ’ cents lower: most choice 180-220 pound > butchers, 16.80-16.90; several loads and lots choice 180-210 pounds. 17.00: most choice 230-280 pounds. 16.25-16.60: few 1 loads and lots choice 270-300 pounds, 10.85-16.25: most choice 300-550 pound sows. 13.75-15.50; few around 300 i ' pounds and under to 15.75. 1 Salable cattle. 19,000: salable calves. 1 600; choice and prime yearlings and light 1 steers. 1.100 pounds down and prime heavier steers moderately active, mostly steady: other weights and grades slow, steady to 50 cents lower: choice and 1 P r heifers steady, lower grades steady to 50 cents lower; cows fully steady: bulls strong to 25 cents higher: vealers 1 steady: four loads prime. 1.075- 11-jO pound steers. 37.00-37.50: three 1 loads prime 1,150 pound weights. 36.50; , prime 1.400 pound steers. 34.75: bulk ) prlm * steers yearlings, 1 * ooc > to low-choice grades Sa n?i'o2 SK : commercial to low-good ,0.00-25.00: load prime 1.056 pound oJ'=n : ooP! < l st goo<i and choice 1 mhiuI 8, .'/‘••’’o-32.75; mixed cutter and merclal cows 14.50-18.00: canners and 1 Zl'i/i utility and com mercial bulls. 17.50-20.o0: commercial ) to prime vealers. 19.00-29.00. 1 . Salable sheep, 7.000: 2% loads choice tu, pcluie around 100 pounds fed yearlings sold steady at 21.00: nothing else done on .yearlings or other classes. New York Produce 1 ®* C- 1 WV I —Butter, steady. A rlces n5 n bullc car tons. Cream -1 hl «k t"* 11 92 score (AA) fresh. 69% > ,R, tß fr .?h 2s°J e ,rfsh ' 09%: 90 score i fresh. 68%; 39 score (C) fresh. 66. AnuSt™. 90,631, steady. Wholesale sales. » fresh l 4? ,w h h °fe milk) Cheddars if _v' t. cpnts. Cheddars cured. 47-55: Jured ,rMh ' 4 i*-* 6 single daUies 45 d von^ s6 * ». yo P ntr Americas fresh. 43- ' Ir«h u iii A T r t ' s cu /* d 49 -85; flats fresh' f J.^ s J ured ' s°-60: midgets l 4 * 48 ’ midgets cured. 50-56- pro (Mngfe 6 t,fh. U i nd i'r domestic' Swiss so )’ grade "A”. 58-61; grade B . 56-58; grade "C”. 62%-55 36,528 irregular. New York shot Quotations, based largely on exrhAnv# 4r a dmg, follow: Midwestern: Mixed colors* Fancy heavyweights. 52-53: extra 1 large 50-61%. extra 1 medium. 46%-47: pullets 43; standards large 47-48: current re cclPts rehandled. 47-48: dirties*4‘>-4v checks. 38. Whites: Fancy heavyweights' Sm 46% 51 - 1»% fancy” arge^.V) y h**vy weUh“ts b, M% h fi t v : J E Sl ra fancT heavy wetgms. 04%-55, mediums. 47: pullets 52- ®- x tca fancy heavyweights' mediums, 47: pullets. 43. Metal Quotations , new York. Dec. 1. (/Pi.—SDot non renT.**. Btta L Prices today: Copper. 24% s* nt * • Pound, Connecticut Valley. Lead* 1 a Pound, New York. Zinc. 1”% 1 1 S*»m.sJ ;>0 M nd ' sasi5 as i 8t - Louis. Tin. 1.21% slee ve' ?*h.^ k -_ At Pittsburgh, scrap 1 1 jtoci No. 1. heavy, was quoted at 43. 11 ' : Dividend”**#. *0? High. Low. I*ls. est 1 WVa Coal 1.20 4 IS% 15% 1514+^4 Sr**! L .60 S 11% 11% u% West Auto Su 3a 3 53 53% 52% + u Western Md .. 13 21% 21% 21%+ % West Md 2 of— 1 39% 39% + West Pacific 8 24 «i% 60% 61% + lti West Un Tel 3- 19 39 38% 39 + % WestAlrß 1.60a 9 26% 26% 26% Westhse Elec 2 24 46% 46 46% WsthseK 013.80 1 99% 99% 99%+ 14 ! Wheel Steel 8 . 10 37% 37% 37%+ % WhlteMot 2%b- l 26% 26% 26%+ % 1 WIICOX 011 11 22% 22% 22% WUlys-Overland 84 11% 11% u% ' Wilson ft Co %p 4 10% 10% 10% Wilson Jones 1. 113 13 13 + % WlnnftLo* 1.80 • 24% 23% 23% -% 1 Wdward Iron 2a 5 54% 54% 54% I Wool worth 2a __ 13 44% 44% 44%+ % Worth Cp 2a... 3 30% 30% 30% - % Wrlgley WJr 3a. 171 71 71 - % YALE ft TO 2a. 1 36% 36% 36% - % York Corp 1 13 19% 18% 19% - % York Cp pf 2%. 1 46% 46% 46%+% YounfSpftWla. 2 28% 28% 28% - % Yngst Sh ft TB. <7 44% 44 44% +1 i YnxstStDr 1.40. 1 15% 15% 15% - % ZZNITH 2 2 87% 87% 87% + % j Zonlte y«t 7 4% 4% 4% 1 fiotffar Kiln m the IxehAiico. 11:00a.m.. 520 000 12n00n.. 970 000 : 1:00 p.m. 1280 000 2:00 OJO 0000000 1 t Unit of tracing 10 shares *ln 6ank ruptcy or receivership or. being reorganised under the Bankruptcy Act or securities as turned by rack companies Ratos of din- I dends in the foregoing tablet ar* annual 1 disbursements based on the last quarterly I or semiannual declaration. Unless other 1 wts# noted, special or extra dividends are 1 not included cld Called gEx Dividend ’ zr Ex rights, a Also extra or extras, b An- 1 nual rat*, plus stock dividend d Declared 1 tlve issue with dividends in arreara n Payable in stock, exact lash valJe un- determined on declaration date, p Paid 0 tbl* year, dividend omitted, deferred or no o ISs&IBSWNBt x-dla Ex distribution? 1 u>d wfin dUtrlb!tel o N. Y. Bond Market UST*INCLUDES MOBT , *ACTIVE 'iSSUES. NEW YORK cm HftM Inc 5s 67 27 1 0 , l¥? UI Cent 4% * 68 lO3W r°* Ml ,? N r .. Ai. 1 * WCenS%sß2e 100 Australia 6s 55 101% int G N aj 6s 52 68 D*?”* 4 62 93% IntGN Ist6ss2. 113% Ital Pub Utba77 42% Lth V« t 2003A 75 U™.?*.™ M6PBBM 4.91 64% Drug a 4 tvs 79 . 86 m-K-T ad 5s 67 81 DOMESTIC 1:15 Mo-Pac 5%s 49 77% Am&FPSs2OBO 81% Mo-Pac 6s 77 F 112% AmFP 4.80 sB7 65% Mo-Pac 61 78 G 113 AmTftT 8W» 64 123% Mo-Pac 4s 75 104% AmTftT 3%563 120% MorftE3%*2ooo 59% AmTftT2%s 61 115% Nat Stl 3%s *BB 103 AmT&T 2%571 96% NYC 5s 2013 79 Atl C L4V4* 64 107% MYC 4%s 2018. 69% B ft O 6s M 96 80% N Y C 4s 08 65% BftO ev4%2010 70% NYNHIn4%s22 63% BftO 4s 76 A . 96% Pac GftE 3a 74 100% BftO PLE 4s 80 95% Pennßß 4 V«s81 97% Boat Ms 4s 60. 72 Phil El 2%s 78. 98% Can Pae 4s perplo3% Solnßy 2V*» 94. 78% COa4fes2o2oß 72% So Pac 4%s 69 104 CRRNJ 3V«s 87 57% SoPac4%*Or77 104% Chi ft El Inc 07 91% SoPac 8 2V«t 81 94% CM8P4%a2019 78 So Ry 6s 56 . 109 C&NW 4%s 99. 62% So Ry 4s 66 102% Clt Serv St 77 97% StdOln cv3V«B2 108% CCCSL 4%s 77 71% StdOUNJ2%B74 97% C01P&1ev4%66 100% Third Ave 5*60 13% ComEd2V.*2ool 94% UnOCalcv3V«s72lo4% Con Ed 3%s 82 105% Un P*C 2>/js 91 87% Det Ed cv 3s 58 122 UtdGCn 3%s 71 104% Dow Ch CV 3582 109% Va EftP 2V«i 76 96 Duo Lt 2%* 77. 96% WarnPet3’-is66 109% Pla EC5s 7+ . 98% WSh 4s 2361 65 GMftO 2016 A. 89 West Un 4 s /«s 80 94 Hud&M rs 6557 82% WhSt cv 3%565 101% N. Y. Curb Market (Furnished by the Associated Free*.) UST INCLUDES MOST ACTIVE ISSUES. 1:15 Ford Mot Fran % Alaska Airline 5% Q #r jty Mich 3% AH Am Airway*. *% Giant Yellow... 10% Am Bantam Car % Q i en Aid Coal.. 8% AmMarac SH Goldfield Con... 1% Anacon Ld .80e. 2»Ms ot Laggg o&C 2% Anch PostP %b. 10 Greer Hydra .40 15% Ark NGs A .60. 15% imperial 011 .80 35% Atlaa Cp ww ... mt Petrol 1 26% Atlas Plywd %4p. 17% inv Roy 04a 4% Bailey S OftO A. 5% Kaiser Frazer.. 3% Bald Sec .. 3% Kirby Pet 7%f 33 Banff Oil Ltd... * Lake Shore 30p 8% Barium Steel % * Lenst M Mch 1. 13% Beekmen Instru 17% Lone st G 1 40. 27% Braz Tr LftP 1. •% Louis L&E 2a... 42% Brown Co .' 11% McDon Alrc l 19% BrownFDls 80 12% Min Cp Can le. 13% CalftEdmCo .10 .11% Muntz TV Inc 4% Cal El Pw 60 . 10% Nat Alf Dehyd.. 7H Calvn Cna OftG 6 Nat Bell H >/«f.. 2% Can Sou 0i15... 10 Nat Fuel G 80. 15% Can Atl OH ... AUft Nat Petrol Co . 1% Can Marconi .. 5% Nat Phoe Indus 1% Cap Tran 1.40a 14% NewßrltDorrOll 2M« Cen Exolor 5% NewPkMln 03e 1% Cessna Alrc %* 7% N Canadian Oil. 1% Claude Neon _ 5% p ac p e t Ltd 10% Colonial Airline 13% pancoast Oil . 3% Colt Mfg 4* 62 Pantepee Oil 4% Con MgftS 80s 34% Pennroad 1 . 12% Cont Fdy&M 2a 26% Pittsburgh Rys. 9 Creole Pet 6a 72% Richmond Rad. 2% Cub Atl Bug 1% 13 Sapphire Pet 1% Det Stl Prod 2b. 34% Schick 80a 11% Devon Ledue O. 2VU Schulte D A ... 1% DomeExpWLtd 6% 3egal Lock&H._ 1% DrUllngftExpCo 8% Sentry Bat Con. 1 DumontLabAV«e 17% Singer Mfg 6a 36% East Gas&F 1 . 12% Toklanßoy ,15e. 4% Elec BdftS 1 V«f. 22 Trl Cont war .. 4% El Bd ft Sh rt... %i Utd Molts ,07e. 3% Equity Cp 15a. 1% Webb ft Knapp. 1C Eureka C Ltd lMs West Lease Ltd. 7 Federat Pet Ltd 7% Whirlpool la .16 Flying Tiger L 10% Wright Har 12 2% | fastness Briefs | Union Bag and Paper Corp. of fered holders of its capital stock rights to subscribe at $42 a share for 253,008 shares of additional capital stock at the rate of one share for each six shares held of record November 28, 1952. Bell Telephone Laboratories an nounced development of a super coaxial cable for television and long distance telephone use. It will have more than double the capacity of the present type. Crown Zellerbach Corp. in 6 months ended October 31 earned $10,817,545 or $3.48 a share vs. $11,965,294 or $3.88 in 1951 period. Denver & Rio Grande West R.R. in 10 months ended October 31 earned $5,918,256 or $12.97 a share vs. $6,053,642 or $13.36 in 1951 period. West Indies Sugar Corp. in year ended September 30 earned $5.- 598,297 or $5.44 a share vs. $12,- 193,098 or $11.86 in 1951. San Diego G. Si E. Co. in 12 months ended October 31 earned $4,354,383 or $1.43 a share vs. $3,- 479,482 or $1.09 in 1951. Liquid Carbonic Corp. in year ended September 30 earned sl,- 829,481 or $1.77 a share vs. $2,866,278 or $2.94 in 1951. Cunningham Drug Stores, Inc., in year ended September 30 earned $1,534,151 or $4.02 a share vs. $1,684,183 or $4.41 in 1951. Northwest Airlines, Inc., in 10 months ended October 31 earned $1,312,599 or $1.15 a share vs. $1,866,621 or $1.82 in 1951 period.! Avon Products, Inc., in 9 months ended September 30 earned $1,071,135 or $1.70 a share vs. $1,125,184 or $1.78 In 1951 period. Federal Machine Si Welder in year ended September 30 earned $702,284 vs. $449,362 in 1951. American Cable & Radio in 9 months ended September 30 earned $444,055 or 13 cents a share vs. $1,024,506 or 29 cents in 1951 period. Peabody Coal Co. in 6 months ended October 31 earned $99,836 or 18 cents a preferred share vs. $418,191 or 8 cents a common share in 1951 period. Produce Markets Baltimore quotations supplied by the United States Agriculture Department- Apples—About steady. Bushel baskets U. 8. No. Is Pennsylvania Delicious 2'j inches up 4.25: poorer 2.50-75: Romes 2% Inches up 3.26; Staymans 2% Inches up 4.00: 2% Inches up 3.50-4.00; 2’/« Inches up 2.50: Yorks 2% inches up 3.00-23: 2‘a inches up 3.00. Potatoes—Barely steady. U. S. No. Is and U. S. No. Is size A unwashed 50 pound sacks Katahdlns. Pennsylvania 2.00-10: cobblers 100 pound sacks Penn sylvania Katahdins fair quality 2.50; U. S. No. Is size B 2.50. Sweet potatoes—Barely steady. Bushel baskets and hampers U. 8. No. Is Mary land goldens washed and waxed 5.00-25. few higher: unwashed 5.00; Porto Ricans 5.00; nearby >/a bushel hampers goldens 2.50. Beans and Beets. Snap beans—Florida, bushel hampers, Valentines. 5.2 K-6.00, few 6.25. fair qual ity 4.00-4.60: Bountlruls. fair quality. 3.00; Contenders, fair to generally good quality. 3.76- wax. 3.75. Repacks, cartons. 6-12-ounce cello bags. $1.40. Beets—Nearby, per bunch. 4-5 cents. Broccoli—Crates. 12s. Pennsylvania and New Jersey. 2.00. few 2.26; Maryland. 1.76- New Jersey. Bs. 1.50-1.75; Vir ginia. pony crates. 28s. $5.00. Poultry Quotations. Poultry—Receipts very light. Grain Market. Flour—Receipts. 7.132,100-pound sacks.| Wheat—Receipts. 15.328 bushels: ship ments. 142.000 bushels: stocks. 3.501.0«5 bushels: No. 2 red winter garlicky, spot, domestic. 2.16%: December. 2.10',4: No. 3. 2.13V4. Corn—Receipts. 583.607 bushels; ship ments. 200 722 bushels; stocks. 4.294.122 | bushels. Oats—Receipts. 6.875 bushels; shlp-i ments. none: stocks, none. Barley Receipts, none: shipments, none: stocks. 82.167 bushels. Rye—Receipts, none; shipments, none: stocks 3.015 bushels. Soybeans Receipts. 47.971 bushels: shipments. 37.333 bushels: stocks. 710.288 bushels. Millfeed—Receipts. 64 tons. Market Averages 30 16 15 60 STOCK!. Xndst. Rails. Utils. Stks. Net change +.3 +.3 +.l +.3 Noon todap 146.6 89.4 64.7 112.7 Prav. day 146. 3 89.1 54.6 112.4 Week ago 144.9 87.4 54.3 111.1' Month ago 138.8 82.8 53.1 106.3 Year ago 134.4 661 60.2 97.2 1952 high 148.8 89.1 64.6 112.4 1962 low 131.2 66.7 50.7 97.0 1 BONDS. Rail* Indst. Utils. Prtn. Yld. Net chance +.l unc. unc. unc. unc. Noon today 95.8 98.5 98.6 76.9 105.1 Prev. day. 05.7 98 5 98.5 76.9 105.1 Week ago 95.5 98.5 98.4 76.9 104.9 Month ago 9511 07.9 97.9 76.2 104.5 Year ago _ 93.0 98.4 97.8 74.2 103.6 1952 high 96.4 99.2 99.4 77.7 105.8 L 962 low 92.1 97.5 97.4 74.6 103.1 (Compiled by the Associated Preie.) Odd-Lot Dealings _ new YORK. Dec. 1 OP).—The Nexi fork Stock Exchange reported today these 1 >dd lot transactions by principal dealers in the exchange for November 28: Pur-i ihases pf 199,684 shares on 6.833 orders;: islm of 187j431 shares on 6,333 orders Deluding 1,069 shares sold shott on 27' < trdera. T , THE EVENING STAR, Washington, D. C. MONDAY, DECEMBER 1, 1982 Chicago Grain I CHICAGO. Dec. 1 (Pi.—Grains moved lower In rather quiet dealings on the j I Board of Trade today. j 1 Wheat lost the most at the start, [ < opening with declines extending to a; ! cent, but some of this was recovered In < subsequent trading. There was more rain I and snow in the Southwest over the week j end further improving winter wheat crop 1 prospects. 1 Wheat near the end of the first hour ] was 3 ,«-% cent lower. December $2.33V5; corn was unchanged to V« lower. December 1 sl.oo'' and oats were unchanged to Vs , lower. December 84%. Soybeans were ! % cent lower. January $3.09, and lard i was 10 to 18 cents a hundred pounds low- 1 er. December $9.72. Peed grains were held back by fairly substantial deliveries of cash grain on December contracts. Corn deliveries totaled 1,680.000 bushels while there were 3.030.000 bushels of oats delivered. This tended to outweigh snowy weather as a market f* tor In the early trade. The grain* .rade was expecting mod erate export business In wheat this week. Italy was expected to take both hard and red wheat. Portugal was scheduled to buy a cargo of hard wheat. Rumors circulated that the subsidy on wheat moving out of Atlantic coast ports might be Increased this week. Total shipments of wheat and flour from the United States so far In this crop year—beginning July I—amounted to a little more than 111 million bushels. In the same period of the last crop year exports totaled 169.5 million bushels. Soybeans, which aetpd better than any of the major grains lart week, ran into a little profit taking In early dealings Dealers said country marketings are small and some expect them to remain that way. Trade sources said, also, that there has been a sharp Increase In bean oil con sumption In recent months. Foreign Exchange NEW YORK. Dec. 1 9F».—Foreign fx- j change rates follow (Great Britain In dol- ! lars. others in cents: ■ Canadian dollar in New York open i wSfaiu. 3 r* 2l i/ 3 .? -PV cent P r *mium or j 102.66% United States cents, ofl of a cent. Europe: Great Britain (pound). $2.80i’., ? D . •• ot , Great Britain 30-day ! futures. 2 80up of a cent; Great ? r ‘ t . a . ln t. e ,?-?' ,y „„ fu i ures - 2 - 80 - unchanged;! Great Britain 90-day futures. 2.7911. un e hanged; Belgium (franc), 2.00V4, up 00’/« of a cent; France (franc), .28-"-a ol ?>« SS nt '„ unchanged: Holland (guilder). .6.33. up .03 of a cent; Italy (lira). .16% of a cent, unchanged; Portugal fescudrf).! n£°h.nr. C £ tn o ed , : ( s T ed *; n (krona), 19 :;5, unchanged; Switzerland (franc) ifree). 1 unchanged. 4 m £ r,c *. : . Argentina (free), 7.24. *^ < i'«? raj 1 (Ir**)- 5.50. unchanged;: iv.?i c ° : <n uu chang ed; Venezuela (bol ivar). 30.03. unchanged. changed* 51 ’ H ° n * K ° ng dollar ’ IT- 89 ' un-, : Dividends Announced °* C 1 «*>• ~ Dividends Irregular. Pe- Stk. of Pay. Rate. riod. record, able. —Os Plantation 80c 12-5 Nation Wide Sec 15c _I 12-12 12-24 Fed Bake Shops ... 5 C _ 12-1° l°-3l Minn &St L Rwy _ 10c 12-12 Snap-on Tools _.50c.1 12-5 l-’-ls Youngstown Stl Car 75c 12-10 l' ; -20 _ _ ... Regular. *SJ n «SL en Jt ife ln ‘ 50c « 11-19 1-2 Fed Bake Shops 15c Q 12-1" 12-31 Houston Natl Gas __ 20c Q I°-10 ]"-"•* Kennametal 25c Q l"-9 }".fd Minn ft St L Rwy ...25c 2-12 Ohio Brass AAB ... $1 12.0 I«.;;s Sivyer Stl cast 'fide '>-1 12-19 Snan-on Tools _ 25c Q r>.s jo {*>! Western Dept Strs ..:20c Q 12-? n 1-" | Youngstown Stl Car . 25c Q 12-10 12-20! 1 WE LIKE HOME LOANS THAT RUN LONGER THAN FIFTEEN YEARS CAREY WIMSTON COT 739 15th St. N.W. RE. 3733 Mortgage Banker• WE TAKE PLEASURE IN ANNOUNCING THAT DONALD CHILDRESS AND RALPH S. RICHARD HAVE BEEN ADMITTED AS GENERAL PARTNERS JOHNSTON, LEMON & CO. Members WASHINGTON STOCK EXCHANGE PHILADELPHIA-BALTIMORE STOCK EXCHANGE SOUTHERN BUILDING—WASHINGTON 5, D. C. DECEMBER 1, 1952 STERLING 3130 New Orleans Terminal Company ® Invitation for Bids PROPOSED CONTRACT NO. 1 FOR $8,000,000 FIRST MORTGAGE % BONDS NEW ORLEANS TERMINAL COMPANY (hereinafter called th« “Company”) hereby invites bids for the purchase of $8,000,000 principal amount of its First Mortgage Bonds (hereinafter called the “Bonds”) to be dated November I, 1952, to mature November 1, 1977, to bear interest (pay able semi-annually on May 1, and November 1, of each year) at a rate (which must be a multiple of l /t of 1%) to be specified in the accepted bid, and to be redeemable at the option of the Company and for sinking fund purposes. The Bonds will be issued under the Company’s First Mortgage, to be dated as of November 1, 1952, to Guaranty Trust Company of New York, as Trustee. The Bonds will be guaranteed unconditionally as to principal, interest and sinking fund installments by Southern Railway Company. All bids must be submitted in accordance with this Invitation for Bids and the terms and conditions of the Company’s Specifications for Bids of even date herewith applicable to the sale of the Bonds, and must be submitted on the Form of Bid accompanying such Specifications for Bids. Copies of the Specifications for Bids, the Form of Bid, the proposed First Mortgage, the proposed Guaranty Agreement and the draft of Circular setting forth, among other things, certain information concerning the Company, Southern Railway Company and the Borlds, to all of which reference is hereby made, may be obtained in reasonable quantities at the offices of the Company, Room 2018, 70 Pine Street, New York 5, N. Y., and Southern Railway Build ing, 15th and K Streets, N. W., Washington 5, D. C Bids must be enclosed in a plain envelope, securely sealed, bearing no identi fication of the name of the bidder or the amount of the bid. shall be marked “Bid under proposed Contract No. 1 for New Orleans Terminal Company First Mortgage ....% Bonds,” and addressed, mailed or delivered to the undersigned at the office of the Company, Room 2018, 70 Pine Street, New York 5, N. Y. and must be received by twelve o’clock noon, Eastern Standard Time, on December 4, 1952. Bids so received will be opened at the aforesaid office immediat/y after twelve o’clock noon, Eastern Standard Time, on said date by the undersigned or by another Vice President or by the Secretary of the Company. Each bid must be for the entire $8,000,000 principal amount of the Bond\ may be made by a single bidder or by a group of bidders whose obligation* •hall be several and not joint, and must be accompanied by a certified or bank cashier’s check or checks in New York Clearing House funds, payable to the order of New Orleans Terminal Company, in the aggregate amount of $160,000. All such checks, except the check or checks of the successful bidder or bidders, will be returned promptly after the award has been made. No interest will be allowed on the amounts of the checks furnished by bidders. The Company reserves the right to reject any and all bids and no bid specify ing a price less than 98% of the principal amount of the Bonds, plus accrued interest from November 1, 1952, to the date of the delivery of the Bonds, will be considered. Subject thereto, the Company will accept the bid deemed by it to be the most favorable on the basis of the lowest net interest cost determined in the manner provided in the Specifications for Bids. The issue, guaranty and sale of the Bonds require authorization of the Inter state Commerce Commission. Acceptance of any bid will constitute a contract for the purchase of the Bonds by the successful bidder or bidders, subject to and contingent upon obtaining all necessary authorization by the Commission in the premises. Copies of the application to the Commission and accompanying exhibits are available for inspection at the above mentioned offices in New York and Washington, D. C. |NEW ORLEANS TERMINAL COMPANY By JOHN B. HYDE, Vice President Dated: November 20,1952. T ** A-21 New York Cotton NEW YORK. Dec. 1 OP).—Cotton fu tures held steady In forenoon dealings today as light trade buying and short covering met limited offerings. A leading spot firm sold an estimated 5.000 bale* of nearby March. May and July com bined. attributed to hedging operations. Another spot firm was fairly activ* in buying spot December against sales of nearby March. There were 64 December transferable notices Issued at New York today, with 51 reported stopped by the forenoon. Noon prices were 45 to 85 cents a bale higher than the previous close. December. 34.84; March. 35.55. end May. 35.93. BUILDERS Use our 15-year takeouts to get your CONSTRUCTION LOANS FREE BOGLEY, HARTING & HIGHT, Inc. Approved F.H.A. Mortgagee 7004 Wise. Ave., Bethesda, Md. OLiver 3800 IciSl ‘ " ’ • "vM'.re. EMmmSm 80 ,m WUjyHflHf co-.'fcuTivt^HHWju^HHr QDAOiffilV 1 lO’Al a share from investment income and 9'A4 a share from capitol gains has been declared# payable December 22 # 1952, to shareholders of record December 4, 1952. CONFERENCE REPORTER Experienced male conference reporter wanted immedi ately by F. H. McGRAW & CO. Prime Contractor for ATOMIC ENERGY COMMISSION Project at Paducah, Ky. Applicant selected must have ex cellent typing and shorthand or stenotype ability for recording pro ceedings of meetings consisting of up to fifteen (15) participants. He must be able to perform general secretarial dudes and have tact and personality to make personal contacts with all departments. Starting salary is *BO.OO per 40- hour week plus tlme-and-one-half for overtime. Presently working five (10 hour) days. Six paid holi days per year and vacation accrual of 1% days per month. Travel ex penses paid to Paducah for appli cant (elected. Mall complete resume of experience to: Employment Manager, F. H. McGrow A Company, F. O. Box 749, Paducah, Ky. •"" " • —■■l