Evening Star Newspaper, February 4, 1930, Page 13

FINANCIAL, FINANCIAA.' STORE SALESGAN | [ NEW YORK STOCK EXCHANGE .| INFIFTH DISTRICT 5 A_13 STOCKS IRREGULAR | Coes o= BONDS memrmes] BONDS ARE HGHER IN QUIET MARKET| ON BETTER BUYIN UNITED STATES, (Sales are in $1.000.) Sales. High. Low. b5 993 993 12 100 29 10028 100 28 43 1011 10031 100 31 S T ~Prev. 1930.~ Stock and Sales— Low. au: Low. Dividend Rate. Add 00. High. v 9215 86'5 Crucible Steel (k5). . 89 1 % Cuba Ca: et {lite: Bagmao e RS e - s o e s (65s) (2838 o Shuws thess seoeks to be eeld fn’ o0k I e, el Sales of Each Stock Compliled to 12:30 P.M, % ~Prev. 1930.~ Stock and Sales— e Figh, Tow, Dividend Rate. Add 00. High. 3% NT T e s North Am s 58, G5 | NoAm Ed 638 Nor Ohio Tr&L 6 z.v: Nor States Pow §s. Increase of More Than $3,- 000,000 Is Shown by Bank Statement. or a $11,- X ther. BY EDWARD C. STONE. According to the monthly review pub- lished by the Federal Reserve Bank of Richmond, department store sales in this Federal Reserve district in 1929 amounted to $104,- against . $101,723,680 in . 1928, a gain for the year of $3,261,~ o 20. On the other - £ hand, the Federal Reserve Bank re- . ports a_ decline in wholesale trade ¢ during the year. S Wholesale trade i dropped from $79.- 695,201 in 1928 to $68.503,112, decline’ of 192,089. Both tobacco and cotton Dro- winiam J. Fia duction in the dis- trict in 1929 was larger than in the preceding year. Debits to individual accounts were larger, more cotton was consumed in the district’s mills and there was a slight betterment in the total amount involved in commercial failures. A decline in employment is seen in the past six weeks, due to seasonal in- fluences, the survey states. Textile mills in December, the Richmond report states, consumed less cotton than in the same month last year, but for the year there was a gain. Coal produc- tion in December was better than in December, 1928, The tobacco market was reported strong, with prices better than earlier in the season. Irish potato growers, on the other h received approximately °three times as much per bushel for their 1929 crop as they did in 1928. Building operations in December were 40.5 per cent lower than in that month of 1928. Richmond and Balti. more_reported increases, but Washing- ton, Norfolk, Winston-Salem and Char- X were off, the decline in Washing- ton being nearly $5,500,000. Last week the Federal Reserve Board #n Washington reported that retail trade in this district in December, 1929, was 1.6 per cent above December, 1928. The report also showed that it was better than any of the 11 other Federal Re- serve Distxicts. The comparative steadi- ness of the Government's pay roll in ‘Washingtan undoubtedly accounts for this happy condition, the national de- pression since the stock crash being felt much less severely here than elsewhere. Flather Holds Amazing Record. William J. Flather, vice president of the Riggs National Bank, was today re- ceiving congratulations on rounding out 53 years of continuous service with the Riggs National Bank, a remarkable record. His long connection with the bank is exceeded only by that of Charles C. Glover, chairman of the board, now inactive because of il health. It was on February 4, 1877, that Mr. Flather became connected with Riggs & Co. as a messenger boy. He advanced steadily and remained with the original company until the firm was converted into the Riggs National Bank in 1896. Many years ago Mr. Flather was ad- vanced to the vice presidency. Mr. Flather is in excellent health, is at the bank every cay and turns off more than his full share of work, the 53 years in banking apparently resting lightly on his shoulders. During his long career he has naturally come in con- tact with a great many prominent bank- ers and other financiers of national as well as local fame. Few bankers in the city are in closer touch with local finan- cial conditions or are better informed on all the latest moves in the banking field. New Record for American Ice. From the standpoint of both sales of fce and earnings, American Ice Co. established new high records in 1929. In the face of exceptionally unfavorable weather during August, last year, ice tonnage showed a net gain of 119,000 tons and net income was up about $300,000, equal to about 50 cents a share on _the common stock. Year's net will be around $3,550,000 or about $4.40 a share on 600,000 com- mon shares, after allowing for dividends on the 150,000 shares of preferred stock. ‘This would compare with net income in 1928 of $3,252,362, or $3.92 a common share, and with $2,651,090, or $295 a common share, in 1927. Such earnings will include nonrecurring income of ap- proximately $225.000 received as profit on sale of properties. Earnings from operations, however, were in“excess of those for 1928. Institute Nears Member Goal. ‘Washington Chapter, American Insti- tute of Banking, has recorded about 250 registrations for the second semester, according to the chapter president, A. E. Henze. About 20 more students are needed to equal last year's enroll- ment, and it is expected that this num- ber will be reached in the next few e chapter has sent out invitations for the coming twenty-fifth annual din- ner, which es place at the Willard on evening of February 22. An at- t 1ce of over 800, which is capacity, is ipated by the committee in charge. Many out-of-town guests have already accepted invitations to be present Much interest is already being mani- fested in the first institute forum of the season. Dr. Schultz has motion v which show the educll\onn.l’ ven all emplayes connected w York Stock Exchange views of the Exchange in He already has many friends s he attended the annual A. I. B. on at Tulsa, meeting all the n delegation and traveling man & Co. has brought out an arner Brothers Pictures, ing the growth of the firm in n picture industry, also taking company’s prospects, manage- and financial condition. The New York Stock Exchange active. & trading alone there was of 129500 in Warner 000 in_Paramount, 71,100 €ith, 15,700 in Loew's, Inc., 1 Pathe. And these are only ion of the amusement issues. A review of Warner Brothers will be close- 1y studied in Washington, as this com- pany owns the Stanley Co. which in- cludes the Crandall theater group in this city. Business Dull on Exchange. A sign, reading “game called on ac- count of rain and wet grounds,” might have been hung on the door to the palatial trading quarters of the Wash- ington 'Stock Exchange today. Busi- ness was confined to six transactions, all but one in bonds. Washington Gas €s, series B, sold at 105, while $1,000 Gas 6s, series A, changed hands at 10315, Capital Trac- tion 5s sold to the extent of $500-at 93 and $1,000 at 93%. Two small stock sales were recorded in Potomac Electric Power 6 per cent preferred at 112. The anaual report of the Washington Gas Light Co. ap- parently made a strong jmpression. When the market closed today the bid gr.lse was still 107 and the asked price advanced to 130, an unusually wide-quotation spread. 131% 32 21 % 10% 2915 100% 282 60 32 21% 8314 12 45% 500 14% 6819 131% 82 9614 1081 2 914 101% 8% 83% 364 50% 112% 314 225% 467 273 81% 6% 90'% 37% 238% 170 803, 62% 104% 39% 237 4% 34% 116 119% 24% 113% 16% 56% 72 4 6714 41% 1% 27 16% 718 147% 20% 23% 26% 37% 12 105% 50% 44% 22 95% 6914 T1% 202 3215 249% 120 63% 75 55% 34% 5 65% 14% 53% 107% 102 120% 28 652 125 40 ¥ 80% 107 31% 195% 31% 22 Abitibi Power & Pap, 27% 2314 Adams Expr (1.60) 201, 8515 Adams Exp pf (5). 86 3 Adams Millls (2)..0y 231 11 Advance Rumley...; 19 22 Advance Rumley pf. 14 Ahumada Lead. 118 Afr Reduction (3). 21 Alr Way ELAp(2%). 1% Ajax Rubber. 7% Alaska Juneau. g1 Albany I W Paper. 23 Alleghany Corp.. 9515 Alleg Corp pf (5%).. 255% Allied Ch & Dye(n6). 491 Allis-Chalmers (3).. 30 Alpha Port Cemt (3). 18 Amerada Corp (2)..s 77 Am Bank Note (13). 7 Am Beet Sugar.....1 40% Am Bosch Magneto. . 46% Am Brake Shoe(2.40) 8% Am Brown Bov Elec. 60'5 Am Brown B E pf(7) 117% AmCan (4).... 78% Am Car & Fdy (6). 36% Am Chicle Co (123). 26% Am Com Alca(n1.60) 35 Am European Scc 88% Am & For Power. 5 9 Am & For Pw pf (6). 107 Am&Forn Pwr pf(7) 19% Am Hawalian S 8 (2) 55% Am Home Prod(4.20) 3614 Am Tce Co (14).....1 356% Am International (2) 2 Am La F & Foamite.. 30 Am La Fr & Foam pf 7 100 Am Power & Lt (31 Am Pow & Lt pf (6).. AmP&LpTA (l:&) (5). 20's Am Republies...... 8013 Am Rolling Mill (2). Am Safety Razor (5) 17% Am Seating (2)..... 697 Am Sm & Ref (4) 421 Am Snuff Co (13%4) 100% Am Snuff pt (6) 44% Am Steel Fdy (3) 110% Am Steel Fdy pf (7). 461 Am Stores (2) - 60% Am Sugar Rfg (5)... 104 Am Sugar Rfg pf(7). 19% Am Sumatra (3). 216 Am Tel & Tel (9). 197 Am Tobacco (B) (8). Am Type Fdry (8) .. 8815 Am Water Wks (n1), 74 Am Woolen. . . 19% Am Woolen pf...... 85 Am Zinc Ld & Sm... 69% Anaconda Copr (7). 40 Anaconda W&C (3) 35 Anchor Cap (2.40).., 24% Archer-Dan-M (2). 79 Armour Del pt (7). 5% Armour Ill (A). Asso Dry G (2% 90 Asso DG 1st pL(6).., -83% Asso Oil (2).. . 219% Atch T& S Fe (10).., 166 Atl Coast Line (110). 2% At1G & W Indles..... 2 77% 59 . At1G&W L Df (4). 2 61% 101 Atlas Powdr pf (6).. 50s 103 36% Atl Refining (12). 17 39 175% Auburn Auto (34) 8 234% 3% Austin Nichols. 3 4 415 Autosales. B 2 bW »f. 1 15% 4% Aviation Corp Del... 53 5% 30% Baldwin,Loco (1.75). 16 38% ldwin Loco pf (7). 20s 114% Baltimore & Ohio (7) 31 118% Bamberger pf (6% ). 10s 110% Bang & Aroos (3%).. 8 70% 110 Bang & Aroos pf (7). 21% Barnsdall, A (2) 55 Bayuk Cigar (3) 14 Beacon Oil 67% Beatrice Cream (4) 4% Belding-Heminwa 5 169 115 122% Bethlehem St pf (7). 47% Bohn Al & Brass (3). 70% Bon Aml A (4) 3% Booth Fisheries, 60% Borden Co (k3). 32% Borg Warner (4). 14% Briggs Mfg. 21% Briggs&Stratton (2), 13 Brockway M T. 63 Bklyn-Manhat (4). .. 131 Bklyn Union Gas (6) 13% Bruns-Balk-Col. 15 Bruns Ter & Ry 22% Bucyrus Erie (1).. 334 Bucyrusev pf (3%4). 9% Budd (E G) ut,: a). 101 h (3) 99 Burns Bros A (8 43% Burr Add Mch (80c). 36 Bush Term (g2)..... 3 Butte Copper & Zinc, 4% Butte & Superior (2) 16% Butterick Co. 80% Byers (A M) €6% Calif Packing (4) o - SuanSwe & Ariz (10). Calumet&Hec(ad14). Campbell Wyant (2). 63% Canada Dry G A (5)., 187% Canadian Pac (10)..: 27 Cannon Mills (2.80)., 192% Case (J 1) (6)....... 115 Case (J 1) Co pf (7). 100s 120 54 Caterpillar Trae (3). % T 99 2 62 Cavanagh-D pf(6%) 1108 351% Celotex (8)........0 30% Cent Alloy Steel (2)., 3% Century Rib Mills, 591k Cerro de Pasco (6). 11 Certain-teed Prod. .. 36 Cbecker Cab (4.20. 03 Ches & Ohlo (10). 63% Chesapeake Corp 14% Chi& EastIll.. 36 Chi& EastIll pf, 18% Chi Great W 36% Chi Great Westn pf. 24 Chi Mill St P&Pac. .. 41% Chi Mill St P&Pac pt 84 Chicago& N'W (5). 22% Chi Pneu Tool... 51% ChiPneu T pf (3%). 107 ChiRI& Pacpf (7). 100% ChiRI& Pacpf (6). 114 ChiRI&Pac(7).. 25 Chickasha C Oil (3) 57% Childs Co (2.40).. 125 Christle Brn (1.20) 33 Chrysler Corp (3). 404 City Ice & F' (k3. 8% City Stores (1). 32 Cluett Peabody 91% Cluett-Peabody pf(7) 33% Coca-Cola (4) 48% Coca-Cola A (3). 14% Collins & Afkman. 73 Collins & Aik pt (7)., 36% Col Fuel & Iron (2)., 68% Colo & Sou 1st pt (4) 70% Col Gas & El (2). T1% Col Gas&E rets ptp 104% Col Gas & El pt A(6) 24% Columb Graph (87c). 1684 Columblan Carb (16) 23% Com Credit (2)...... 31% Comm Credit A (3) 76% Com Crd 1st pf (6%) 36% Coml Inv Tr (g1.60). Com Inv Trat war. .. 27% Comm Solvents (1).. i2% Comwlith&Sou(60c). 274 13% Congoleum-Nairn. 28 45 Congress Cgr (16% 1 44 Consol Cigar (7). 7 100s 5 51 34 6 67 Con Cgr pr pf x wi 16% Consol Film (2). 18 Consol Film pf (2).., & 96% Consol Gas N Y (4).. 150 112 99% Consol Gas NY pf(5) 8 100% 49 Consol RR Cubpf(§) 2 1 Consol Textile...... 10 4% Container Corp B. 2 39 Contl Baking A.....: 16 5% Contl Baking B.. 36 88 Contl Baking pf (8 50% Contl Can (2%). 9 28 Contl Dia Fibre (3).. 172 Contl Insur (2.40). 12 24% Coty, Ine (K2)....00e 25% Cream of Wht(12%), 10% Crosley Radio (1), 43 Crown Cork & Sesal. . Low. 26% 274 29 29% 85% 854 23% 23% 18 19 3% 37U % kO % 123% 125% 29 30 9% 97 241% 247% 46% 48 70 70 87% 90 100% 100% 80% 80% 83% 87 28 90% 63 21% T6% 42% 42% 102 102 481 483 112% 112% 48 48 654 66% 10674 106% 21% 21% 225% 229 221 222 133% 135 98y, 10% 27% 165 71 a7 43% 26 ki 229 234% a4 4% 5% 5l 154 154% 5% 5% 32% 32% 114% 114% 17% 117% 110% 110% 126% 125% 54 54% 1% % 6615 100% 100% 2 25 48 48% 40% 425 3% 3% 5 5 21% 22 80% 83% 70 705 1% 1% 84% 85 30% 30% 25 26% 69% T0% 199% 199% 2 S1% 32 23415 239 120 63 8615 294, 5815 107% 107% 101% 101% 119 119% 26% 26% 65 66 126% 126Y% 87 87 105% 105% 27 28% 188 191 30% 38% 85 45% Close. Close, Y 1% 7 114% Curtis Publish pf(7), Fomwann o 5815 Cuban-Am Sug pt. . . 550 45 Cudahy Packing (4). N 615 Curtiss Wright Corp., 13% Curt Wright Corp A., 111 Cushman's pf (7) 64 Cutler-Hamme, 28% Davison Chem....., 23 Debenham's (a2.32). 117 Deere & Copt (7). .. 1611 Delaware & Hud (9), 136 Del Lack & W (17). 60 Denv&RG W pt, 1 Detroit Edison (8) . Devoe & R, A (2.40) 63 Dome Mines (1) 77 Drug Corpn (4). 9714 Duplan Silk pf 1121 Dupond de Nem 115 Dupontd Ndeb (6). 100 Duquesne 1st pf (6). ) H s T s B amaBBne 4 175% Fastman Kodak (18) 13 121 277 Eaton Axle & 8 (3).., 41 Eitingon pf (6%4). 81 Elec Auto Lite (6) 41 Electric Boat. .. 49% El Pwr & Lt (1) 126'% EP&LpL 60% pd 4.2 69% Elec Storage Bat (5 11 Elk Horn Coal pt, 3 Emmerson-Brnt A % Endlcott-John (5) 91, Eng Pub Serv (11).. 9415 Eng Pub Sve pt (6%4) 56% Erfe RRuccevsoosont 61% Erle RR 1st pf (4).. 5714 Erle RR 2d pf (4)..; 35 Eureka CacCl (4)... 184 Evans Auto L(3234). 47 Fairbanks Co. 20% Fairbanks Co pf. 3415 Fairbanks Morse (3 20 Fash Park Asso (2% 73 Fed Motor Tr (80c) 3214 Fed Water Ser A 2. 29 Federated Dept Strs. 65% Fid Pho Fire 1(2.60). 28% Firestone T&R(1.60) 801 Fires T&R pf(6) 50% First Nat Strs (2%4). 3 Fisk Rubber........ Fisk Rubber 1st pf. . 12% Fisk Rub 1st pt cv. Follansbee Bros (3) 601 Foster Wheeler (2). 15% Foundation Co.....s 16% Fox Film A (§4) 38% Freeport, Texas (15) 90 Fuller prpf (17.94). . 5% Gabriel SnubA....., 69% Gamewell Co (5). 316 Gardner Motor. . 90 Gen Am Inv pf (6) 99% Gen Am Tnk Car(34) 49'4 Gen Asphalt (4) 119% Gen Baking pt (8) 25% Gen Bronze (2)...... 11% Gen Elec spec (60c. 46% Gen'l Food Corpn (3 g:z Gen Gas&El A (te2). Mills pf (6 \ 371% Gen Motors (13.30).. 117'% Gen Motors pf (7)... 16 Gen Outd Ad vte (2). 32% Gen Public Serv (b§) 864 Gen Ry Signal (5§)... 8 100% Gen Ry Sig pf (6)...110s 67 Gen Refrac (14%) 1 89% Gen Theat Equip vts. 98% Gillette Saf Raz(h5), 1133 Gimbel Brothers, 381 Glidden Co (h2). 13 Gobel (Adolf). 37% Gold Dust (2% 40% Goodrich B F (4). 62 Goodyear Tire (5)... 21% Gotham Silk H (2%) 7% Gould Coupler. 9% Graham-Paige, 8% Graham-Paige ct. 51 Granby Copper (8). 18% Grand Union. . . 87 Grand Union pf (3).. ) Grt North pt (5).... 90% Grt North pf et (5).. 19% GtNctfsOP (a3%). 29% Grt West Sug (2.80). 12% Grigsby Grunow (2), 1% Guantanamo Sugar., 38 Gulf Mo & North. ... 94 Gulf Mo & N pf (6).. 51% Gulf Sta Steel (4)... 12% Hahn Dept Stores. .. 71% Hahn Dept S pf(6%) 85 Hanna pf (new) (7). 100s 20% HartmanA (2)...... 2 13% Hartman Corp B1.20 129 6% Hayes Body. 9 83% Hercules Pow 70 Hershey Choe (5).... 83% Hershey Choc pf(15) 104% Hershey Ch pr pf(6). 450 Hocking Val (10). .. 150s 26% Holland Fur (et2%). 1 7 Hollander & Son..... 4 19 Houdaille Her B (2). 136 52% Household Prod(t4). 52% HoustonOIl..., . 36% Howe Sound (t4%). 46% Hud&Man Ry (3.50). 53% Hudson Motor (5)... 20% Hupp Motor (£2).... 128'% Illinois Central (7)., 21% Independ Oil & G (2) 5 Ind Motor Cycle. . 30 Indn Motorcycle pf. . 17% Indian Refining..... 16 Indian Refiningct... 112 Indus Ray(b5%stk).. 154% Ingersoll Rand (4).. 26% Inspiration (4)...... 13% Insurance Shars 45c. 20% Interboro Rap Tran.. 4% Intercontinental Rub 25 Interlake Ironm (1) 4% Intl Agricultural. 152'% Intl Bus Mach (n6)., 56% Intl Cement (4)..... 5 Int Combustion. Inter Comb Eng pf. .. 78% Intl Harvester (234) 141 Intl Harv pf (7)..... 31% Int Hydro El A (e2). 656% Intl Match pf (4).... 25 Intl Mer Marine (1). 31% Int Nickel of Can (1) 58 Intl Paper (2.40).... 26 Intl Pap & P A(2.40). 15% Intl Pap & Pwr B. 124 Intl Pap & Pwr C.... 79% Intl Pap & Pwr pf(7) 94 Intl Print Ink pf (8). 69 IntSalt (6) 3 105 Intl Silver i 106% Intl Silver pf (7). ... 1 62% Int Tel & Teleg (2).. 30 Inter Dept 8t (2).... 72% Inter Dpt Stpfx w(7 23 Intertype Corp (2).. 19 Investors Equity(2). 41% Island Creek Coal(4) 43 JewelTea (4)....... 117 Johns-Manville (3). Johns-Manv pt (7)., 20s 118% Jones & Laugh p£(7)110s 2 Jordan Motor Car... “Kan City Sou pf (4).. Karstadt (R) (1.02),. Kaufmann)D S (134) Kayser Jullus (4)... Keith-Albee-O pf (7) 314 Kelly-Spring Tire. .. 2214 Kelsey Hayes (2).., % Kelvinator Corp. 55% Kennecott (5)...... 49 Kimberly-Clark(13). 20 KinneyGR (1)..... 87% Kinney (G R) pf (8). 1 1% Kolster Radio. . 38% Kraft Ph Ch (1%) 33% Kresge(SS)Co(1.60) 61% Kress (SH) (1). 23% Kreuger&Toll (1. 42% Kroger Gr&Bak(n1). 97 Lambert Co (8)..... 12% Lehigh Valley Coal 82% Leh Val Coal pf (3). 70% Lehigh Valley (t43%) 1 105 Leh Port Cm pf (7).. 208 29% Lehn & Fink (3)..... 2 19% Libbey Owens (1)... 94 Liggett & Myers(16) 95% Liggett&Myrs B(15) 35% Lima Locomotive. ., 52% Liquid Carbonfe (4). 42% Loew's, Inc (3). 3% Loft, Inc.., . 50% Loose-Wiles (2.60).., 16% Lorillard (P) Co.. 8% LoulsianaOfl....... 4 47 - ) arRenBaneRonnnianan I (Continued on Page 14, 1% 13 61% 84 61% 46% 115% 7 14% 1114 2% 34 27 125 Price Movement Continues Higher, With Many Net Gains Recorded. BY STANLEY W. PRENOSIL, Associated Préss Financial Editor. NEW YORK, February 4.—Prices of the main body of stocks moved higher in today's session of the New York Stock Exchange, but weak spots cropped out now and- then, giving the market the appearance of irregularity. Trading showed a marked falling off in volume, but this may have been due, in part, to power trouble which temporarily halted the operation of thousands of tickers in New York and some of the other Eastern cities. German Bank Rate. Cutting of the German Reichsbank’s rediscount rate from 61, to 6 per cent, following a cut from 3! t0 3 in the Bank of France rate last week, is believed 0 have increased the possibility of lower Bank of England and New York Federal Reserve rediscount rate. Call money renewed unchanged at 41; per cent with the demand for Federal Reserve funds indicating the absence of any large sup- ply of funds available in New York. ‘Wall Streét also found encouragement | Ch in the decline in Stock Exchange mem- ber borrowings last month and the sharp drop in securities loans shown in the weekly Federal Reserve condition statement. A number of excellent 1929 earnings reports made their appearance during the day, Pressed Steel Car and Remington Rand making unusually fa- vorable comparisons with the year be- fore. United States Steel common, leader of the recent advance, continued to en- counter rather strong selling resistance, selling as low as 18015, rallying to 183, and then falling back below 182 again. Heavy buying of Radlo, ‘which crossed 38, indicated the partial retreat of an overcrowded short interest. General Motors and Chrysler, which are be- lieved to harbor a large short interest, also were in brisk demand. Rails continued to give a dem- 80 1 044 104 1042 12 10626 106 12 106 26 2 11022 11022 11022 FOREIGN. Argentine 6sJu 59, Argentine May 61 Australia 4%s 6 Australia 68 1955 Australia 55 1957, ., Austria Ts. Bank of Chile 6% Bank of Chile 6 % Belgium Bi Bremen State 7 Canada 6s 1931, Canada 6s 1953, Chile 6s 60 1] 61 Chile 7s 1943, Chinese Gov Ry §5s. Colombla 6s Jan 61, | Con Pow Japan 7s. . Copenhagen 4% 53, % Czecho 88 1952, Danish Munic 8s B. Denmark 5%s 56 Denmark 6s Dutch East I 47 Dutch East I 6s 6. El Salvador 8s 48 Fiat 7s war 46, good onstration of group strength despite the | disappointing character of recent traf- fic and earnings reports, and the re- quest for a withdrawal of merger ap- plications by the Baltimore & Ohio, Chesapeake & Ohio, Wabash and Dela- ware & Hudson Railroads. New York & Harlem, which soared 105 points last week and dropped 26 yesterday, rallicd 20 points again today. Hocking Val- ley advanced 9 to a new high for the year at 479. Atchison, Chesapeake & Ohio, Great Northern preferred, Pitts- burgh & West Virginia, St. Paul pre- ferred, Lehigh Valley and New Haven sold 2 to 3 points higher. Other Changes Heavy selling of Gillette Safety Razor, which broke 5 points to 973%, the lowest price in more than a year, featured the early afternoon trading. The stock sub- sequently crossed par. National Cash Register declined 2 points. Columbia Gas was heavily bought, ad- vancing nearly 5 points, while Colum- bia Carbon, United States Industrial Alcohol, Houston Oil and Worthington Pump sold 3 to 4 points higher, Activity increased in the afternoon, when numerous popular shares made the best prices of the day. General Electric, American Can, United States Steel, Radio and Chrysler were leaders in the upturn. Considerable strength was also shown by some of the less active shares, American Machine Four- dry rising 8 points and National Lead and Worthington Pump 315. The close was strong. Sales approximated 3,- 000,000 shares. Baltimore Markets Speclal Dispatch to The Star. BALTIMORE, Md, February 4.— Potatoes, white, 100-pound sacks, 2.25 3.00; sweet bage, 3 3.0024.00; caulifiower, crate, 1.5 0; celery, crate, 1.50a3.00; lettuce, crate, 2.25a5.00; kale, barrel, 1.50a1.75; onions, 100 pounds, 1.50a1.75; peppers, crate, 3.00a5.00; peas, bushel, 1.50a2.25; parsnips, basket, 60a80; spinach, bushel, 1.50a2.00; squash, bushel, 2.00a2.50; to- matoes, crate, 2.50a6.50; turnips, ham- per, 40a50; apples, bushel, 60a2.75; cranberries, box, 5.00a5.50; grapefruit, box, 3.50a4.50; oranges, box, 2.1084.75; tangerfhes, box, 1.25a3.50; strawberries, quart, 50a60. Dairy Market. Poultry, alive—Turkeys, pound, 30a3¢ old toms, 20a22; Spring chickens, 29a3: Leghorns, 22a25; old roosters, 17alf ducks, 16a26; old hens, 20a29; Leg- horns, 23a25; geese, 18a28; guinea fowls, each, 40260; pigeons, palr, 52. Eggs—Receipts, 567 cases; nearby firsts, 39 ullets, 32; hennery white firsts, 40; culls and dirty eggs, 25a26. Butter—Good and fancy creamery, pound, 34ad0; ladles, 31a32; packed, 20; rolls, 25a28; process, 34a35. Live Stock Market. Cattle—Receipts, 50 head; light sup- Pply, market steady; steers, choice to prime, none; to choice, none; medium to good, 11.50a12.50; fair to medium, 10.25a11.25; plain to fair, 9.00 210.00; common plain, 8.00a9.00; bulls, choice to prime, none; good to choice, 9.50a10.00; medium to good, 9.00 89.50; fair to medium, 8.50a9.00; plain to fair, 8.00a8.50; common to plain, 7.0088.00; cows, choice to prime, none; good to_choice, 8.50a9.00; medium to good, 7.50a8.50; fair to medium, 6.75a 7.25; plain to fair, 5.50a6.50; common to plain, 4.00a5.00; heifers, choice to prime, none; good to choice, 10.00a11.00; me- dium to good, 9.00a10.00; fair to me- dium, 8.00a9.00; plain to fair, 7.00a8.00; common to plain, 6.00a7.00; fresh cows and springers, 60.00a150.00. Sheep and lambs—Receipts, 25 hea light supply, market steady; sheep, 2.00 26.50;, lambs, 7.00a14.00. Hogs—Receipts, 150 head; light sup- g}z’. market higher: lights, 11.25a11.45; avies, . 10.75a11.25; mediu) 11.25a 11.45; roughs, 7.50a9.35; light pigs, 10.25a10.50; plfl, 10.80a11.00. Calves—Receipts, 25 head; light sup- ply, market lower; calves, 7.00a16.50. Hay and Grain Prices. Wheat—No. 2 red Winter, 3 1.18; No. 2 red Winter, garlicky, spot, 1.17; February, 1.17; No. 3, garlicky, no quotations. Corn—No. 2 domestic, yellow, new, 98a99; cob corn, new, 4.65a4.75. Oats—No. 2 white, domestic, spot, 55; No. 3 white, domestic, spot, 54. Rye—Nearby, 90a95. Hay—Recelpts, 22 tons. General hay market is quiet. Some little hay is ar- riving, but hardly enough upon which to establish quotations by grades. Bet- ter grades for timothy and clover mixed are selling from 15.00 to 18.00 per ton, according to quality and condition, re- celpt;'n! by truck supplying most require- ments. Straw—Wheat, No. 1, per ton, 9.00a 10.00; oat, No. 1, per ton, 9.00210.00. o NEW YORK BANK STOCKS. NEW YORK, February 4 (#). Asked. America 134 Broadway 126 Chi 164% 127 unty Equitable y German ELP 6 Ger Gen Elec Japanese 4s. Japanese 6%s. Karstadt 651943, Kreuger&To'l §s cf Lyoas6s... Netherlands 6s 72, New So Wal 1944.... Norway 6145 1952., Orient dev 5 5! Orlent Dev'mt 6 Paris-Ly-Mead 6: Paris-Ly-Med 7, Queensland 7s. Rhine Wat EP 6s 53 Rhine gou s Rio Gr Do Sul 8s. Rome 6%s... Sao Paulo 85 1936, Sao Paulo 1950 Seine 78 42 Swiss Confed Toho El Pow 6s 33, Toklo 5%s 1961, Utd Kingm 5%s 37, Uruguay 6s 191 Warsaw 2 ‘Yokohami 963 961 9615 913 973 963, 89 103% 100% 102%, 88% 88% 100% 109% 100% 104% 102% 102 105% 102% 88% 97 104% 105% oneBheael » e ;e wz:. High. Low. Close. 96 96% 96% 96% 96% 96% 91y 91% 9T 9% 96% 96% 88 88 103% 103% 100% 100% 102% 102% m 1 109% 109% 101% 101% 106% 106% 85 8% 99% 100 100% 101 96 102% 102% 4% 5% 94% 94% 103% 103% 103% 103% 87 89 106 106 85 85 845, 845 104% 104% 97 97 102% 102% 102% 102% 102% 102% 88% 884 96% 96% 104 104 988, 98y 91% 924 103% 103% 104 104 108 108% 108% 108% 9% 9% MISCELLANEOUS. Abram&Straus6%s 2 99% 99% 99% Alleghany Cp Alleghany 68 49.... 17 100 44. 13 100% 99% 100% 99% 100 Am Agri Chem 7%s 3 1031 103% 103% Am Chain 6s33.... Am Cotton Oil §s... Am Int Cor 53%849. 5 100 2 100 9 96 100 100 ‘store | AmChem 638 cv 49 28 100% 100% 100% 100 95% 96 100 AmSmit& R 1stbs 4 100% 100% 100% Am Sugar Ref 6s.. 10 103% 103% 103% Am T&T cv 434839 960 148's 145% 148% Am Tel&Teleg AmT & Tl tr bs. 2 103% 65170 100% 100% 1004 103% 103% . 48 100% 100% 100% 7. Bell Tel Pabs B Bell Tel Pa 5s C Bethlehm Stl pm b8 Beth Steel r b Bklyn Edison bi Certn-Td 6%s rets.. Chile Copper 68 Com Invest 53%s Com Invest 6s 48 Cuban Am Sugar 8s. Cuba Cane 8s. Det Edison §s 40. East Cuba Sug 7% Fisk Rub 8s. . Gen Cable 5%s Gen Mot Ac Cor Goodrich 6%s. Goodyear bs rets. Humble O & R bs. . 111 Bell Tel b: Intl Cement Int Tel&Tel 4%scy Laclede 58 Laclede 79 51 6 100% 100% 100% Liggett & Myers 7i Montana Pw deb b Nat Dairy 64s.... Nat Radlator 634s. % Aliien 45 105% 2 100% 11 81 4 85 4 102% 2 76% . 23 103% 2 105% 8 102 4 102 3 104% 19 59% 1 9 20 106 3 1024 16 100% 5 43 2 102% 33 94 1 102% 33 9T 1 80 2 86% 16 101 38 102% 5 1051 31 91y 3 100% 12 108% 3 94 34 975 1 9% 1 85 2 87 5 891 54 117% 5 100% 6 101% 19 1 1184 20 106% 2 94 17 83% 21 90% 3 1067 1 100% 105% 105% 100% 100% 81 81 #9 8414 85 1024 102y 6% 6% 103% 1038% 105% 105% 101% 102 102 102 104 104 57% 59% 95% 954 7% k(3 99% 99% 86% 86% 91 91 105% 106 1024 102y 99% 1004 43 43 10244 1023 93% 93y 1024 102% 96% 973 80 80 86% 86% 100% 100t 10214 102% Gen Stl Cast 5%s 45 22 102% 1021 1021 105 91 100 105% 9% 100 Humble O & R6%s 30 101% 1011% 101% 103% 1083 94 94 9T 9T 9% 97% 85 85 86% 86% 891 891 116% 117% 100% 100% 1013 101% 1% .19 118% 118% 106% 106% 94 94 831 83y 8914 891 106% 106% 100% 100% 5 100% 100% 100% 5 100% 9 99% 15 98% 4 30 6 104% 104% 5 103 39 a9 33 107 100% 100% 98% 99% 97% 98y 30 30 104% 10: Pacific Gas & El bs, PacT & T 6862, Pan Amer Pete 6s. Paramount 68 1947, Pathe Exchange T Peoples Gas bs Phila Co 68 67, Phila & Read t-;:l. Sinclair O11 7 8 Sinclair Crude 5% 112 Sin Pipe Line 6. 5 So Por Rico Sug Transcontl Oll 6%s. United Drug §: USRublstrf U S Rub T%s, Utah Pow & Lt Utilities Pow 6% Vertientes Sug 7s. Warner Sug 7s 41 Walworth A ‘Walworth 6345 3 Wi ‘White Eagle O 6% Wick-Spen cv 7s, Willys-Ov 6%s 33 ‘Win Repeat Ar7%s 2 Youngstn S& T 6s. 11 100% RAILROAD. Atchison adj 4 Atchison gen Bklyn Elev. 63 Bklyn Manhat Bklyn Un El 58 50 Buff R & Pitts 4%, Bush Term cof Can Nat 43 Can Nat 43, Can Nat 4% Can Nat 4%, 1 99 113% 114 1 101% 101% 0 108 108 9 99% 99% 91% ° 6 101% 101% 51 991 10 CB&Q1strt b Chi&E 111 gn 6 : 1 . 16 92 8% » 2 964 65 105% 105% 13 178 98 103% 99% 9% 94 65 9615 8% 6414 93 zfl (% 88% 95% 98 103% > 5 102% 102% Cley Term Colo & Sou 4 Del & Hud1st rt Del & Hud 5%s. .. Den & Rio G cn 4s. Den&R G W 4336 DRG & Wst 65 65, DRG & Wat 53 7! Des M&FD 4s ctfs. Det United 4%s. Erle 15t cons 48 Erie conv 45 A Erle conv 4s B. ErleGen 4 Erle ov b Fla East C b: Fonda J&G 4%s Gr Trunk st db 8 21 14 103% 925 9% 1056 3 104% 104% 34 \98% 98 42 98% 901 103t 92% 106 8 110% 110 Gt Nor bs... . Great Northn 1st 68 22 Gt Nor b% 1 Gt Nor gen 8 GreenB& W 13 HavEIRy5s852.... 4 Hav ElRyb%s61.. 7 Hud & Man a) 6s... 12 Hud & Man ref bs.. 43 111 Cent re: 111 Cent 4s 62 111 Cent 43 53. Iil Cent'4% s 6f 111 Cent Chi 433, Int Rapid Trans 6 Int Rap Tr bs stpd.. 52 t1 4% 109 111 27 844 64% T 96 91y 7 Y 5 1021% 102% 95 5 6 103% 103% 66 9l 3 99% 99 Kan City Term 4s.. Lake Shor: 1. Leni Val en . 13 1 6 Louls & Nash 7s... Man Ry 1s Mill El Ry&Lt 4%s MIlEl Ry & L 68 51 MU EIRy & L 6561 18 2 1 878 6 973 8815 82 1105 MK&TprinbsA. 69 100 3 88% 88% 2 99% 99% BT% T 136% 106% 106% 96 974 1104 84% 98 101% i Capital Traction 944 109 111 26% 8414 64% 4% 95% 91y 901y 88 9T% 9% 667 67 102% 95 99 88% 9915 8 96 5 106% 1061 1061 | BisC BaRcTgMIK, I 2 1001 100% 10034 | Emerson’ secuitles 1 99% 995 995, 7 100% 100% 100% 9714 Foreign List Featured b) Strength in French Issues, Banks in Market. BY F. H. RICHARDSON, Special Dispatch to The Star. NEW YORK, February 4.—Bon| prices worked slightly higher today un der a moderate volume of buying chiefly attributable to savings bank and for forelgn account. The transfer of large sums of mone; from London in the past few days § an indication of the extent to whicl English investors have followed the lea of London brokerage houses, which an convinced that recovery here will ante date that of London by at least thra, months. Money was firm today, with tim money still quoted at 4% to 5 per cen for the longer terms. The feature of the market was th strength of French bonds. The 7s wen to a new high at 116 and the 7'x touched 123, a gain of nearly 2 points Both levels are record high prices. Th heavy buying, both from overesas an( for American investors, is doubtless du to the substantial yield of the bonds. The 7%s have an advantage in tha they are not callable. There are abo $60,800,000 outstanding and they ai due in 1941 and therefore give a yiel( to maturity of better than 5 per cen nndt & current return of over 6 pe cent. The 7s are callable at 105, drawin, taking place each year for $4,200,00 At present there are about $78,700,001 outstanding. The yleld to maturity is about 5, per cent, but the investol takes the chance of having his bon( drawn for redemption within a year o two, in which case his yleld would b materially reduced, South American bonds continue thed slow recovery, Cordoba City 7s were i point higher, point mpany has jus floated a $14,000,000 loan in New York The loan matures in 1,000 years and ha the distinction ‘of being one of thre loans with that length of term or more others are Canadian Pacific deben tm;l:; -nddnrm:h eomols.bo -grade lomestic nds wer strong at the opening, but sagged ii later trading. Small losses were showi by Atchison general 4s, Baltimore & Ohio first 4s, Canadian National 5¢ Northern Pacific 4s, Great Northern 7s Duquesne Light 414s, Philadelphia Ca 5s and American Telephone 5s of botl the 1960 and 1965 maturities. Washington Stock Exchangt SALES. AFTER CALL. ‘Washingto: Lt il v R N 55—$500 at 93, $1,00( at 9314, Potom: ac Electric 6% pfd—6 at 112, | at 112, Bid and Asked Prices. er, Tel. & Tel Am. Tel. & Tel. cf Anacostia & Pot. Anacostia & Po C. & P. rel. of s 65, seris Wash. Gas 6s, seri Wash. Rwy. & Elec, 4a..: Barber & Ross, Inc., 8%s Cham.-Vanbit. 'Hotel 6} Chevy_Chase 'Club 5} . C. Paper Mfg. Pot. Joint Stock W. M. Cold Storage i ‘Wash. Cons. Title 6s. rict . Federal-American’ . Liverty . Lincoin National Riy Second National Bank'of ‘Washington. TRUST COMPANY, American Security & Trust Continental . oo Merchants’ National Union . Washington Lo SAVINGS BANK, Bank of Bethesda. Commerce & Savil East Washington, Potomac _.. 65 Security Savings & Commerclal. 476 Seventh Street. 305 United States. Washington Met American Corcoran Firemen's National . Union. TITLE INSURANCE. Columbia Title Real Estate Ti Title & Inv. of Md. com 3 e. Merehants' Transter Merchants' Trans & PR PR 8815 8814 | Peoples Drux Stoses pi 82 82 et Est. Mige, 4 G\ 105 110 Mont T'rmref 5341 1 95% 95% 955 Nassau El 4s 61 1 53% 5314 102 1101% 101% 2ZzzzzARLy -4-«-«3-« 4 7 17 Ore Short L en b: Ore Wash 1st 4 Penna gen 4% % .o 1 84% PCC&StL6sBT5 1 106% 1 Port BIP L 6s. . 82 9114 90 98 1 7% 75% - A 818 9014 128 9015 91 | Tex & Pac5sC 79 7 64% 64% 6474 | Tex & Pac b8 B 1977 8919 9T 978 i 1 8 112% 112% 112% g:lz‘:l;‘l% 4.;‘: 5 105 7 89% 894 894 | WhashGs76 B 87 98% 98k 98K gnbnn 1056 5314 1 Secur 5 T Rer. o Bale: RIoG Westelds... ¢ g4 2o Olom RIArk&L 4% 1 96% 96% StLIM&S gn 63 31. 19 100% 100 StL IM&S R&G 4s. 19 95"2 | StL&SFples 8814 05% 0614 995 95% 106 23 88% 66 90 105 StL&SF 434378, . St L & San Fr in ba, St L&SW con 4232, StLSW5sb2..... StP & KCShL 4348, Sou Ry gen Sou Ry con Sou Ry 6%s... Term Asso S L 4s. . Tex Ark F'S 5% 60. Texas & Pacific 1st. 1224 8815 105 107 9y 99% 32 93% 97 108 Third Ave adj 6: Virginia Ry 1st 7% 97Y 101% 101y 99% 99 06% 106% Wilks B&E 1st 1 97% 9% 97% WisCentgnds