Evening Star Newspaper, March 12, 1930, Page 13

I C., WEDNES\DAY, MARCH 12, 1930, FINANCIAL. STEEL OUTPUT REDUCED. |INVESTMENT SECURITIES NEW YORK, March 13 (#.—Dow, Vige - A~ SRl T X Jones & Co. reported todsy that the TLAND NIXON, 1518 K St. Nat. 1996 FINANCIA STOCKS IRREGULAR Exchange Follows Custom in Clasing For Taft Obsequies Similar Action Tiiken STOCK EXCHANGE Stock and Bales— High. Low. Dividend Rete. Add 00. High. Low. 38% 27% Contl Shares (1). 20 99% 87% Corn Prod (13%) NEW YORK Distriet Nat’l Bank Bldg. 1406 G St. N.W. Market Starts Upward in the Afternoon Following De- cline in Morning. BY STANLEY W. PRENOSIL, Associated Press Pinancial Writer. NEW YORK, March 12.—The stock market ran into a storm of selling today oh what appeared to be a record-break- ing volume of business for the year. Scores of issues were carried down 1 to 10 points, half a dozen or so to their lowest prices of the year, before the re- action was checked at midday by a ) brisk recovery which materially reduced the early declines. Total sales crossed the 2,000,000-share mark before the end of the second hour, with the tape aver- Wufly half an hour late. the reaction was widely re- garded as a necessary correction of a tem top-heavy speculative posi- tion, the selling received considerable impetus from some unfavorable busi- ness developments. Call money renewed unchanged at 4 per ceni, but the supply exceeded the demand "and the rate was dropped to 3%. Timle money and commercial pa- per were unchanged. Wall Street is confidently, looking forward to a de- crease in Yhe New York Federal re- serve rediscount rate tomorrow. Utllities ayain bore the brunt of the selling. Amdrican & Foreign Power warrants ed to a new low for the year along h the stock on the big board and Eleetric Bond & Share, the rmt company, dropped 2 points be- fore rallying. Duke Power dropped nearly 8 points.’ A firm spot was Cen- tral Public Service of Delaware, which crept up fractionally into new high ‘Technicolor, Logw’s debenture rights, Crocker Wheeler, Radio Products and Arcturus Tube were among issues in the ?!eh!ty and lose Il to 4 break. A firm ‘Tube, which moved new high for 1930, te_heaviness in other radio shares. Pacific Coast | looking toward & loo] Wi a N uo:uu‘nhcum although tions werel -said to be far: ny successful donclusion, Bab- ‘Wilcox rose aj couple of points Investment trusts were irregular. Lehman Corporation: dropped 2 points, then rallied smartly. A s INVESTMENT (TRUSTS. NEW YORK, March (12 (#).—Over- the-counter market. inders new. - {7’:\‘! .roen B. & vi itish Invest ni Bl ooy at Investors... Corporate Trust Sha: Investment Co of Am com. Wholesale Market Butter—One-pound puints, 39%a 40%; tub, 37)5a38'5. H ter chickens, 3! 35 fowls, 32a33; capons, 35a40; ducks, : keats, 80a90. Meats, fresh killed—! 20a23; veal, a0, tro 22, smoked hams, shouiders, '3:-22; ht;t;ngzl, lard, h‘nfl'u-. 14; Live Stock —Calves, 8a13; Jambs, 108 132; lambs, 20. Eoameniaey sz S Says: Dlies moderatie; Lemana A?x-—luwll- G, Nor i 2% inches up; Ben Havie 4.00: boxes, Washington, extra f? 3 intains, ound sac o wites, 435, Tasho, pound sacks, round w! , 4.25; 0, Joo-w m.bmtm‘aum-n 4.00; new , no sales reported. Tomatoes—Supplies moderate; de- mlna. light, hol;urlec nbou; steady; Florida, lug boxes, ripes an 3 wrapped, 6x6 and larger, 3.50; lxm; 6s, green and ripes and furning, wrap- ped crooks, 1.25a1.50; few higher; re- , unknown origin, 3s, ripes, wrapped, some soft, fancy count, 2.00a 2.25: mostly 2.00; cholce count, 1.50. sv.flnd( bnn.u-—augpllq very_ H‘ht: demand light, market firm; Florida, bushel hampers, green, few sales, 5.00a ; “.l"‘et pers—k!:upplm ht d;:‘lnd , marke firm: crates, fancy, 5.50a6.00; choice, 4.50a 5.00; few lower. Peas—Supplies light; demand light, market steady; California. 40-pound crates, 7.00a mostly, 7.26. Carrots—Si jes light; demand light, market steady; California, Western crates, bunched. 3.25; Texas, Western lettuce crates, bunched, 2.50a 2.75; poor quality and condition, 1.25a 1.80. Beets—Supplies light; demand light, market about steady: Texas, Western lettuce crates, bunched, fair quality, 2.7583.00. Caulifiower—Supplies light; demand light, market ly; fornia, pony crates, 2.15a2.25. inach—Supj liberal; t steady; Texas, 85al 5oy Tefrigerators, various varieties, 30a ; mostly, 34 per quart; 18a20 per pint. moderate; demand 3 boxes No. 1, medium -J:f'flmu: slightly @dscayed, 4.00; No. 2, medium sise, 4.00; mdn. discounted, 50a1.25. pefruit—Supplies t; demand: “tight, market %“ ) boxes, No. 2, medium size, 4.0084.25. 8 % Abitibi P& P pf (6).. 34% 234 Adams Bxpr (1.60).. 28% 11% Advance Rumley...: 414 22 Advance Rl::m . 3). .0 Alr Way El Ap(3%). Rubl 23 Alleghany Corp..... 95% Alleg Corp pt (5%).. 89% Alleg Cpf (63)xw. . 99% Allegh'y C pf ww 5% 282 255% Allted Ch & Dye. 123% 121 Allled C& D pt 68 49% Allis-Chalmers (3. 28% Alpha Port Cemt 18 Amerada Corp (3)... 6% Am Agricul Chem 26 Am Argioul Ch pt... 77 Am Bank Note (13). 7 Am Beet Sugar. 36 Am Beet Sugar 23% Am Encaustie 35 Am Buropean See 384 Am & For Power. ... 9514 Am&Forn Pwr d pt. 19% Am Hawatian 8 8 (3) 44 Am Hide & Lea 56% Auw Home Prod(4.30) Co (14) a Am Lee pf (6 2 35% Am International (3) 79 3 11 17% 33w 17% 334 ol L b 181 132% 48 2% 9% 2 17 3 266 7 o 6 « 50s Am Power & Lt (31) 80 AmP&LpfAstis). 1 30% Am Ra&Std San1%. 51 20s Am Republies....... 49 80% Am Rolling Mill (3). 59 Am Safety Rasor (§) 83 Am Shipbullding (3) 10s T84 Jeees 24 138 138/ Am Sm & Ref Df;")u b1l 44k Am Steel Fdy (3). 116 110% Am Steel Fdy pf (' 46% Am Stores (3) 6044 Am Sugar Rfg 120 Am Tobacco pf ( or Wks (nl), 7% Am Woolen. 6% Arnold Constable. ..y . 174 Artloom (2). Auto-StSaf RA (3). 4% Aviation Corp Del. 304 Baldwin,Loce (1.76). 19 Balumore & Ohio (1) 6 z Bang & Aroos (33).. 4 20% 16% Barker Bros(1)..... 20s 26% 0% Barnsdall, A (3)...a 200 99% 97 Bayuk Cgristpf(7). 10s 16% 13 Beacon Oil.. sees 11 81 6€7% Beatrice Cream (). .. 2 2 1 z 47 b 4 86l 35% 34 63% s 6% 38% 43 35% 104% 102% B'trice Cream pf (7). . 2 104 6 4% Belding-Heminway.. & 46% 32% Bendix Aviation (3). 176 40 314 Best&Co(3)... 2 105% 92 ‘Bethiehem Steel (/ 186 128% 1224 iBethishem Stpf (7)., 3 108: 101. Bloomingdale pf (7). 10s 6% 47% Bohn Al & Brass (3). ¢4 th Fisheries aSn8nTe (S N T Calif Packing (4)..s: Callahan Zinc & L. . Calumet & Aris (§).. 12 Calumet&tec(adds).. 6 Campbell Wyant (3)¢ 2 Canada Dry G A (5)., }7 Cent Alloy etfs (3).. Cent RROENJ (113) . Chicago & N'W (6)s Chi&N W pf (1), Cluett Peabody (5).. Coca-Cola (§).. R Columb Graph (87¢). 652 Columblan Carb (16) 107 Com Credit (3). . 18 Comm Credit A (3).. 2 Com Credit pf (1%). 10s Com Cred pf B (i 1208 Coml lav Tr (g1.60). 10 Comm Solvents (31). 146 Comwith&Sou(60e). 178 Comm & Sou pf (§).. 4 Congoleum-Nairn... 481 Congress Cgr (16%). 4 Cigar (1) 2 31% 1% T 31 32% 1% T 31 108% 1034 98% 99% 93% 99% 268 268 144% 1. ki 454 24 254 116% 1 64% 4% T N 25 254 468 834 95 16% 265 266 46 % 4 14 1064 102% 1 ¥6k 3% 138 43 34% 118% 1 80% 46 L 4 08 86 86 3% 63% 34% 18w % k) 25% » 104 43 10 144' 140 Corn Prod pf (7).... 50s 3 244 Coty, 39 , Ine (X3)....0e. Cream of Wht(13%). mm:h a) flfli-’ ‘Wi h!‘thl'.“) 5! h Cuft Wright Corp A.. Cutler-Hammr(3%). of.... 1 Diamond Match (3). 50s 2 6% Dome Mines (1). 4« Eleo Storage Bat 19 49 524 28 40% 2 61 30 70 Domtaton Strs (1.30) Drug Corpn (4). . 6 Du Pont de N (14.70) 107 Durham Hoslery pf.. 70s BEastman Kodak (18) 34 Eaton Axle & Eitington-Schil Elec Auto Lite Emmerson-Brat Endicott-John (5. Bng Pub Serv (21 Eng Pub 8ve pt (5).. Eng Pub Sve pf (634) Equitable Bldg (3%) ErieRR. .o Evans Auto Ldg 2%.. Fairbanks Morse (3), Fash Park 3 (3% Fash Pk As80 pf (7). Fed Lt & Tre (31%). Fed Wat S, A (e2.40). Fid Pho Fire 1(3.60), PUY-TY-1- 79 [NIVPRR - JOrS [Iopan Gen Am Inv pf (0)... Gen Am Tak Car(34) 12 it (4)..oe 14 £ (8)... 508 111% 111% 36 4% 2) 2 60 %% % 31 Hahn Dept Stores. .« Hall (WF) Ptg (m1) Hartman B Hershey Hoo (R) &C0..cc.0u Holland Fur (e13%). Hollander & Son. . ... Houdaille Her B (3). Household Fi pf3%.. Housebold Prod(14). Houaton Ofl. 2heamund - » i BoSNeanan® Intl Harv pf (7)..eea Int Hy¢iro Bl A (e3). Intl Mateh pt (4)...0 Intl Mer Marine (1).. Int Nickel of Can (1) xnunporpt('n.‘.... S-S - Investors Bquity(%). Jewel Tea (4).. - Kelly-8pring Tire... Kelly-Spring 6% pf.: Kol:;! Hayes (3)... - NE oSN 28 B auSn nannand xe 83 Kimberly-Clark(f3). Kinney (G R) pf (8). Kolster Rad! - - RrbaBulurntn 58 Ronds a3 aaz McAndrewsar 13.35. McCall Corp (3%). .. :gtry'»;l;). eosen e GG B4% 834 149 148 12 1% 508 5% 6% B e i S (Continued on Page 14.) weBnanan 5888 After Deaths of Wilswon, Roosevelt and Otheu's. Dispatch to The Star. YORK, March 12—The Q¥ew York. Stock Exchange in closing st 12:30 pm. yesterday, in memory \of former* t Willlam Howard T-IA‘C. follo precedent_established &t 5&.0 utu of the present century. ‘Exchange records reveal that the in- stitution cloved all day on 14 and 19, 1801, because of the and burisl of' closed all da: the funeral t McKinley. It ovember 2, 1913, for President Sherman. neral was on Septem! 8, it shut down at 2:30 pm. the al its former yrelldentr Sey- mour L. Cromwell, Volcano Becomes Active. SAN SALVADOR, March 12 (#)—The volcarfo Tecaps, in Cergo Pelon, depart- ment of Usuulacion, yesterd: weas emitting sulphurous gases' through a re- cently opened crater. l'rulmol’%oonnmmt Georgia Casualty * Insurance Co. & of Newark, N. J.' - On the 3ist day of December, 1929, red under the District of Columbi Sended” June 30, 1003, and August 18, 1011, ital A + 870,000 ) 7,686.50 market o e . 3,019,340.50 ':flf:'.“'« e All other assets: Oos?l’l“""l loant 45% | Saist glll wtock .o All other liabil : Surp] ‘Total labilities . racter business transacted d Pt M = i At g o 16,376.61 hoS . Ry 27% | 22nd day of February 1 (Beal.) D! Georgetown Realty & Insurance Co., Inc. Real Estate—Insurance West 2438 1219 Wisconsin Ave. & 3 Fidelity & Deposit Co. of Maryland on, e T 0 ¢ a’;.r?’-‘n&- bia 3 ded June 30, 1903, and August 18, 1911 Oussh Cash Capital stock paid up, in cesh.. llen) -..'. Premins h.n& of awents. A ter ascts... Total assets.. .$29,040,734.73 . LIA] Net unpaid claims. ... Reserve 484,205 gk Total Liabilities. . s Character of business transacted du: {he vesr 1029 Pidelity und surety bonds. burgiary and plate ginss insurgnee. s sustained during the yel 1180 e 14:458,448.50 Vice President. JAMES P. BIAYS. Assistant Secretary. Subseribed and sworn to befors me this 28th day of Januscy. 1930. Thelt o SN R e Notary Pubfie. Wnlninglonimh Office, 209 Albee Building. “America Fore” STATEMENT OF OONDITI( OF THE - Maryland Insurance Company of Wilmington, Delaware 30, 1903, and August 1 L Capital stock, paid up, in cash. ASSETS. Sio0"und Soid iisiked vaios) SARCIA B0 Premiums = uncollected and in « Interest due and ‘acoried. 1. Total assets ........ Net unpaid claims Reserve as required Reserve for marke! o securities - Thtal labilitie: fi"::: ":ur 3f. b‘"‘" u-meug‘:gd::m,‘: ine, Mail, and Mar! ‘the sworn_to before me this X R Hotars tere We, expires E. K. Legg, Jr. Agent Member of the Insurance Club of Washington 307.12 Wilkins Building T S m\ Eaviial stock Capital si closed from 11 mu; the of n‘“mg‘ro’ American Bonding Co. | .. | of Baltimore. On the lll?' Quired under t] June tock, pasd up, in cash (D5 Of Agents . 143.580.38 AR 850t Tootal assets $1,765,170.16 417,780 sl 1,417,780.00 t du Totall liabilities . Oharacter of business tranacted during 1020 Fidelt Bon irelary 'l‘nd-:all!fla“rdl?.-“:}%lunr-lg. - o8 Bhe YT cet00.T7 Expended during the year 62 F? P. BIAYS. Assisthnt Secretary. HAbecribed and Sworn o before e this 29th day of nuary. 1 (Beal.) 'Wit. M. TREINHA Notary Public. WASHINGTON NG OFFICE, Nat.5201 1520K St. N.W. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. . The Commercial " National Bank Savings Deposits Bear Interest on Daily ¢ Balances ; of Deposit to Day of Withdrawal. Com- pare this method with usual method of computa- tion. Call and let us ex- plain. Other Departments are equipped to serve you in ulankln‘ and ificiry matters. The Bank of Persenal Service 14th & G Sts. N.W. Resources Over $20,000,000 i WADE H. COOPER. Prosident from 3 i | i i | = s wo_susstiore_sor sy | THERE 1S NO SUBSTITUTE FOR SAFETY || L N. L. Sansbury Co., Ine. 1418 Eye National 5904 Equitable Co-operative Bldg. Ass'n JOHN JOY EDSON, President Organised 1879 Subscription for the 97th National 611061116213 (Telephone Directors Omizrion) WALTER §. PRATT, Jr., Sceretary 49th YEAR COMPLETED 0 Surplus & Profits. ...91,605,594.08 lssue of Steck Being Received 11107777112 1210017470000 The Sign to Save! When you are earn- ing is the time to save. The Equitable way is the sure, easy way. 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