Evening Star Newspaper, February 5, 1931, Page 15

IN ERRATIC TREND Market Beoomes More Active and Irregular—Utilities Featured. BY JOHN A. CRONE. Bpecial Dispateh t6 The Btar. NEW YORK, February 5.—Activity and irregularity marked today's session of the New Yopk Ourb Exchange. Spe- cific issues, rather than groups, stood out by their pricé swings. Electric Bond & Share was able to show a’small gain. Cities Service re- traced most of its early decline. Ameri- ran Light & Traction was down nearly a point. American Buperpower, with a vlock of 5,000 shates at 13, was up on its first sale, but thereafter broke lelow its previous close, as it was com- pelled to absorb considerable selling. Brazilian Tracton was the outstand- ing international public utility. Its strength_reflected the rise of the stock on the London market. International Utilities A and It Superpower were down by small frac k Agricultural #tocks - did not move uniformly. The appointment of a re- ceivership for Gleaner Harvester, a not unexpected development in the light of the recently published balance sheet, caused that stock t0 breéak nearly 2 points to a record l1ow level. On the other hand. the eXtra dividend declared by one of these coficérns and increased erations by othefs Benefited farm im- plement comparies e like Deere & Co. Further dividénd feductions damp- ened demand fof the ofls. Every active ofl in early tm-mcum With the single ex- ception of Vacuum, opened lower. In- Gione” Standard, "Rentheky Standard, Imperial Oil, International Pesroleum and Creole led thé downward movement in the first hour Latér in the miscel- don Oil ran - nelrly 2 points, and A uMu rise Nort} European Oil put it at a nnf pu.k price. Public Service bf Notthern Illinois was s feature in the higher-priced ummes Its advance was ih 193 ferred Were each up moré than 2 points. United sw.u & Overseas Corpora- tion led investment trusts as it umm 13, points and reached a new high level for the t. Central States Elec- m;:n Lpreu exswalrants, was up a In the miscellaBeous industrials Shelby Shoe, up : Wayne Pump con- vertible " Smith (&nnm down 2% polnts were prominent in thé forenoon. Gray Pay Telephone down 1% on_its opening sale. air_share ing Air Chute ant Po started t lower quotatis Eobewtiter 2t 38 Wab off & poin FOREIGN EXCHANGE. Mfimml' B. Hibbs & Co.) | Atasinng SR New York, Chi Jes in ousand: lAllhtflll Pw 1‘: 5 TR B ‘x 418 e e, 1 Agplllf 32 Arkans P & ] Asso Elec DOMBSTIC BONDS. Hij "‘: o Sinel Sir Ry ties . 4,. 258 3. 39! ggasss S z ) IB232238382382322328223 e P oF o SHESTES = .';.".".S.'f% S :::ssi::ssé::::::z:t:* =3 5 isEeE ¥ SISE e m&'o\n Varrants, Wl- Sesued. Note—All nmu are sold in one hundred-share lo designated by the le"l:!oa (m (250!)- exce, Wwhi g those shows those stocks were sold ~Prev. 1031~ Stock and Sales— High. Low. Dividend Rate - 11% Affiliated Prod 1.60.. 6 Arfa Ansco. 21 Alleg Ga 1 Allied Aviation. 5 140% Aluminum CoofAm 758 15 14 Alum Goods (1.20). 1 Am Austin Car. 9% Am Capital A 5 AmCapitalB..i.... 5% AmCityPAL Bb10% 11% Am Cém P A llflo%) 75 Am Cyanamid B 110% Am D T NJ ov 3 % Am Maracaibo 39% Am Meter (3). 3% Am Natural Ga 15 Am StPSA (1.60).. 9% Am Superpow (40¢). 3% Am Ut&G B vte(20c) 3% Anchor P F (b10%) 7% Anglo Chil Nitrate Gt 5% Arkansas Nat G: % bY% Arkans Nat Gas 104 ArkP&Lpf(7) 17% Assoc G & El A ( 1% Assoc G & El wai 675 Asso G & El ct 85 Assoc G & E pf (5). 34 Assoc Rayon pf (6 %4 Atl Fruit & Sugar. 3% Atlas Util Corp. . 814 Auto Vot M cv pf 17% Aviation Cp of Am.. 371 Bancom Corp (1.60). 17 Bickford's Inc (1.20) 3% slue Ridge Corp. ... 30% Blue Ridge cv pfad. 21 BrazTi & Lt (b8%). 25% Buft N&EP u1 a un) 4 BurcolInc. 1% Canada Marconi. ... 91 Cent 111 Pub S pf (6) 14 Cent PubSvAal7s. 9 Cent St El tk40c). 100% Cent St E] cv pf (a6) 54 Cent St El pf xw (6). 7 Chain Stores Stock. . 13% Chat Ph Aln.v. (1) 105 Childs Co pf (7). 15 Citles Serv (g30c). 79% Citi® Serv pf (8) 7% Cit Sv pf B (60c) 7% Clev Tractor (S0c # Colombia Syndicate. 1% Colon Ofl. ... E 19 Colts Pat Firs A 1% Cmwlith & 8ou wh 8_ Com Wat Bv (b6%) 4 Comstock Tunnel 75 Consol Copper. ... 82 Consol Gas Balt 3.80. 10 Consol Laund (1). .. 42 Contl Share cv nf (6)300s 43 ContiShpfB(6).... 258 5% COrd Corp. . ... 41% Cor & Rey nf A (6) 3t Creols Petroléum 6% Cuban Tob vte (1%). % Curtiss Wright war. 4 Darby Pétroleum... 1% Dayton Air & Eng. 33% Deere & Co (1.20) 1% De Forest Radio. 2% Derby Oil Refining. 1% Detroit Afrcraft. ... 12% Douglas Aircraft (1) kel 28 2% 10% (" Buonmn BaemaS 2% Duquesne Gas €p wi 1% Durant Motors. ... 17 BastG&F Assoc... 13% Bast 8t Pow B (1)... 31% Bast Uil Assoc m“ 6% East Util Assoc ev. 24 Bast UtilIhv A, . 40 Blec Bond & Sh (b6) 102% Elec B & Sh pt (6). 90 ElecB&Shcupfs.. 13 Elec Pow Assoc (1), 12 Elec Pow Asso A (1) 9 ElSharehold (b8%). -1% Emp Corporation. .." 15 Emp Cpcv pf (a3%). 3% Empire Pub Sve (A). 1% Falrchild Aviation. , 30 Fajardo Sugar 10% Fiat rets (1.25). 1 Financial Iny N 21% Ford M Can A (1.20). 25 Ford M Can B $2.10. 7% Ford Mo of Fr(p28¢) MLt (3T %), 1 Feremost Dairy Pr. 214 Fouhdation For Shs 414 Fox Theater C1 A 5% Gen Aviation. 3 Gen Baking i 27 Qén Baking ,‘l (3)... 17 Qen Baking N ¥ wi.. 10% Oen Blec Lid (p70e). 2115 Gen Th cv pt wi (3). 96 Georgia Pow pf (8).. 2% Gleaner C Hary héw, 7 Globe Underwrite % Golden Center... .+ 5% Goldman Saéh T C.. % & Goth Knitback Mch. 167% Gt At&Pac Tea nv(6) 40s 118 GrtA&PTof(7).. 108 63 Grey Tel PS8 (14)...1008 3 GrocStrsProdvic.. 3 63% Gulf Oil of Pa (1%). 14 Hazeltine Corp (2) 7 Hecla Mining (1) 1% Helena Rubenstei 4% Hudson Bay M &S 2% Hygrade Food Prod. 17% Lmp Ofl of Can (500) 17% Imp O Can reg (50¢0). 13% Ind Ter Nu Oil B... 53 Indus Fincvpf (7).. 50s 52 InsCoofNo Am 2% 61 Insurance See (10¢). Intercoast Trade (1) " 2 s 1 2 7 ;| 0 3 1 2 1 1 1 9 il 1 2 1 5 1 3 2 5 1 6 9 o 7 1 4 1 [ s 1 5 1 20 1 a1 2 1 8 1 1 2 22 5 1 1 1 5% Int Utllities B. . 20 Interstate Equities. # Iron Cap Coppér T4 [rving Afr Chute (1) 2% lalian Superpow A 7 Itallan Suparp wa Klefnert Co (1)..... % Kolster-Br (Am Sh). 35 Lackawanna Sec (4). 10 Lefcourt Realty 1.60 20%4 Lefcourt Reul pf (3) 23% Leh C&NaCo (1.20) | 5% Lion Oil & Refining. . 9% Loew's Incdebrts.. 1'3 Loew's Inc 24 LoneBtar Gasn (1 30 Long Island Lt (Ne! 1% Louisiana Lan & Ex. 1 Marconi br sh (28¢). 1% Marion Steam Shov. 1 1 5 2 1 1 1 2 7 1 10 2 2 2 1 1 1 2 1 8 1 1 7 3 1 Add 00. Open. His 15% ~Prev. 1931~ High . Low. Close. 15% 15% 5 5 15% 51 013 Nia Polyme! Pratt A% 1% 121 815 22% 9 2% annual payment. stock. ment_dividend. 1% in stock. 3% in stock 2y 2% Stock and Dividend Rate. Mass Util Asso Mass Ut cv pf Mavis Bottling Mead Johnson Memph N G Co (60c) Mid W St Ut (1%) Mid West Ut (b8% Mo Kan P L (b10%) Mo Kan P L vte. Miss Riv Pow pf (6). Mount Prod (1.60). Nat American Co. .. tD PrpfA (7). t Fam S (b10% Nat Leather. Nat Pow & L 4 NAtS T Sec A (360¢) Nat Sugar NJ (2) Nat Transit (1). Nat Union Radio Nebel (Oscar). . Newmont Min (4)... «Hud Pow (40¢) Niag-Hud Pow A w., Niag 8h Md (40c) . Niles-Bem-Pond (8) Nipissing (30¢). Noranda Mines 5 Nor Am Aviat A war. Nor Am Util Sec Nor Wovpt (3)..... Nor Burop 011 Corp. . 267 ovadel-Ang (14%4). Ohio Copper. 42 Outboard Moto PacG & E 1stpf 1%. Pac Tin Cop spec (2) Pac Western Of}. Pandem Ofl. . . Paramount Cab PenderD Gr B. Pennroad Corp Penn G & El (a1%) Peop L& P Aa240.. Penn Wat & Pow (3) Petrol Corp war,.... Pie Bak of Am A (2). Piedmont Hyd El n w Pierce Governor. Pilot Rad Tube A Lambe; Prince & Whitely Prifice & Whitely % Sel Ind (tullp-tpd) Seleeted Indus Sillca Gel ctfs. Sniith (A O) (2 South C Ed pf B 1 South Corp. Sou Pipe Li Southld Royalty 60 Spieg May Stern pf Stand Motors. .. Stand Oil of Ind (2). Buand Ol Ky 9% Btand Oil, Ohio (2%)100s Btand Oi, Ohio (5).. 4 Stein (A) & Co(160). Strauss Roth. . Sunray Oil (b5%). Bwift & Co (2).. ‘Tampa Eleotric (12) Technicolor, Inec. Tob Prod Exp (10 Tran Con Air Tran ‘Trans Lux DL P § Triplex Safety Gla ‘Tri-Cont Corp wa Tri Utllities (1 ‘Tung Sol Lamp (1) Union Am Invest. Un N Gof Can (1.40) Unit Chem pt pf (3). Unit Corp war. Unit Dry Docks. Unit Fou (b2-35 sh). Unit Gas Corp. 203 Unit Gas war..... Unit Lt &Pwr A (1 Unit Ltk Pwr pt (8 U8 Dairy (B)... U 8 Eleo Power ww.. U § Finishing, .. U S Foil (B) (50c). U S Lines of (1). U B & Overseas wi Unit Verde Ext (2) Unit Wall Paper. Utah P& Lt pt (7). Util PALt(at1.0234 Ut P&L B(at1.02% Utll & Ind Utility Ea Vacuum (4). Van Camp Pk Venezuela Petrolm Voght Mfg Co (2). Walker (H) (1). Wayne Pump pf 3% Zonite Products (1). RIGHTS. Sou Cal Ed Dividend rates in_dolla: *Ex divi & Payable in cash or £Pi0s 8% in ok 1Fius 3% in etosk. n Pius 8% in Stock. D.” C., THURSDAY. " Received by Private Wirs Direct to The Siar Offes Bales— Add 00. Open. Hign. an 32% % 824 10% 22% 22% S ] 107 =3 _w 8 Ta e R N T T T T Rt~ PP - Sw PISTSY: P 2 wn » BB 00 I NI O N R 00 Mfg.. 11(8) $100 par b Util Hold Cp ww Pub Util Hol@ war. . Pub Util Hold Cp xw Pub Ut Hold cu pf(3) Puget 8d P&L pt (5) 908 Pure Oil pt (6) nbow Lum PrA.. teiter-Foster . 4 Rellance Int A Reliance Int Cor Rellance Manag. Reynolds Invesf Rock Lt & P (30c Roosevelt Field In; Rossia Int Corp. Royal Typewritel & St Anthony Gold.... St Regis Paper (1).. Salt Creek Prod (2). Saxet Co 4 Schulte Un 5c-31 8t. Schulte 5c-31 St pf .. !!k Lock & H (80¢) . 8 1 - we AR ARTER RN 8 na R R oD 3.8 8 & au (1%),. 80 205 1 12% % 24 LA Expire. Apr20 -1 24 based on last quarterly or semie 'hrtly it T 4% in able Adjust. ‘on” i stoce: "5 Bhus eBisios in stock. m Pl CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, February 5.—The fol- lowing is a summary of important cor- poration news prepared by the Stand- ard Statistics Co., Inc., New York, for % [ the Assoclated Press: News Trend. December earnings of the first 78 rail- roacs to report add little encouragément dw the lweam% ‘::dtlwk for ti r‘ ustry. The com! net ope come in that month was :'3"'0’ 000 compared with $65,611,000 for Decem- ber, 1929, a decline of 31 per cent. Net upenun. roads ember aggregated $! Deeanber. 1928, $83,2 B 000. the list of unfavorable divi- dend snlwuneemenu are the of quarterly payments by National Bellas Hess and ler Pulp & Paj ‘Wal- tham Watch has reduced the annual rate of senior issue and Ohio Oil has cut its quarterly common rate in two. The sharp recovery in Government obligations during Wednesday's session pmvldefl indications that the market ex- -n of mmm on sols Targest advances the Jong-term lstuts. The Companies. Allen Industries 1930 common share earnings 74 cents, against $2.29. Allis-Chalmers filled orders February 1, u,&no. against $13,002,000 January 1 and $13,- 091,000 year ago. American smelting & Refining | reduces price of lead 10 points to 4'; cents per pound. Anaconda_Copper courts holds that subsidiary, Butte, Anaconda & Pacific Railway must pay 8 per cent interest charge on Government loan. Baltimore & Ohio negotiations re- ported under way for purchase of Bald- win Locomotive Works' Philadelphia Koperly planning union station for tley Ohain Stores New York creditors reject Whesler dual offer to pay sum equal to 20 per cént of claims, or for creditors to lend néw company 10 m cent of claims and accept S-year for 100 per cent claims. Brown Shoe December sales off 19 per cent. Chicago Rapid Transit reorganization managers seek to declare unification plan operative Chicago, Rock Island & Pacific Rail- road dlumra to act on common divi- dend at March 3 Citles Service diary posts $2 other price for Pennsylvania crude; companies in vicinity, $1.85. Conde Nast Publications gets printing contract for Life. Eastman Kodak subsidiary to enlarge rayon plant. Gencral Motors 1930 common share nrnmn, including unais.ributed equity idiary companies nol consoli- T80 ‘shate ammu : Oakland sales, 15 per cent above mo levels; January retail de- liveries, .7 per cent; r- ship- ments, up ll: per cent. G deficit, Harvester périod August-31; 1930, to December 18, G 1930, $359,426; Kansas City Court ap- \ points receiver. Goodrich, B. F.,, 1930 deficit, $8,400,- | 000 against net” incomes, $7.446,310; | equal to $4.53 common share in 1929. Graham-Paige Motor mcre-m work- ing hours to 9 per day, from Hartman Tobacco 1930 deflclt $914,- 640 against deficit, $242,200 in 1929. Hudson Motor Car sales at automos bile exhibitions, 16 per cent to 60 per cent over 1929. International Great Northern 1930 deficit, after adjustment bond interest, 19.279“' 5, against deficit $424,375 in International Mercantile Marine— Senate adopts resolution nkln: Ship- ping Board to explain deal with Roose- velt Steamship Co. Kresge (S. 8.) January sales up 5.1 per cent. Lehigh Valley Railroad 1030 com- mon share earnings, $2.07 against $6.08. Marion Steam Shovel 1930 deficit, $685,291 against net income $534,185. McCrory stores January sales up 7.7 per cent. Monsanta Chemical Works 1930 com- mon share earnings, $1.81 against $4.25. National Bellas Hess omits quarterly preferred dividend; paid 1, 1930. National Steel 1930 common share earnings $4.02 against $6.07. New Orleans, Texas & Mexico Rail- way 1930 common share earnings, $7.34 against $7.57. New York, Ontario & Western Rail- way 1030 defioit 8260,460 against deficit 260,046, ‘l York 'Tel —Net coxhe S 5.8 per ont: 13 oRha uE ex cent. Nlmnl Gas takes rate re- ducuon oraet Ohio Ol cuts 1y ‘eommon e dend to 25 cepts from 50'cents. P % [in each country. < | probably better taken care of Y iy numd with & levy of 1 cent a ga OD U. . FUR FARMERS FACE PRICE DROP Overproduction of Pelts Has Forced Down Values in Domestic Market. BY J. C. ROYLE. An_overproduction of .furs for the 1030-31 season unquestionably is hang- ing over the fur markets of the world. ‘The fur farmers of the United States are likely to be seriously affected, but they will not be damaged to the same extent as those in a similar line of in- dustry in Canada, according to authori- ties in the fur industry in this country. Perhaps the most dangerous feature of the situation is the announced inten- sion of the Russian Soviet government not only to produce pelts at the highest possible rate, but to process and man- ufacture those raw materials into fin- ished garments. No small part of the pmnu of the fur industry results from the dressing of furs for wearing ap- parel. Many Become Trappers. Lack of employment, both in the unn“:l lhk& and Canada, h‘u worked to TeAse roduction of raw furs Men without jobs “went into the brush” this Winter, realiging that they could cheaply in the woods than in the towns and at the same time have an oppor- tunity of earning substantial profits from their efforts on the trap lines. 'This tendency has been more pro- nounced in Canada than in the United States, although the regulation of hunt- ers and trappers in the Domlnlo& is an within the United States. Canadian raw-fur production for the 1929-30 season was valued at $18,475,- 473, according to officials of the Depart- ment of Commeérce. There were 5,150, 328 pelts taken during that year. This was an increase of more than 1,500,000 'wmp-nd with the previous year, and a similar increase is anticipated this season. It is doubted if the Canadian raw-fur production would be valued at more than $18,000,000, however, accord- ing to fur men in the United States. Much of the increase in Canada came from three lines—muskrat, with an in- crease of 200,000 pelts; ermine and sil- ver fox. The & great Mississ l Valley i8 the greatest field of ction of muskrat in the world an me climate is such that a decided advantage is given American tl’lbpers When 1t comes to competition with Canad: Siiver Fox mu All of the production of silver fox pelts in the United States results from breeding and raising in captivity. No small part of the Canadian output also is so produced, and perhaps there is slight advantage with the Canadian fur farmers. Farmers in neither country, however, will be able to show heavy balances on the right side of the ledger this year. In" the fur sales just concluded in New York over $3,000,000 worth of sil- ver fox pelts were disposed of, but the highest price paid for one pelt was only slightly over $300. Officials of the Ameri- can fox industry say that it costs ap- | proximluly $50 in f60d, labor and charget to produce s -hm fox pelt, &0 nothing 6f At othe Trices, they shy: r ¢ d are at present m okt of pmucm Russia, W“h a tremendous territory to silver fox pra out. The conclusion drawn by Ameri- can authorities is that only the “fittest” can survive in the fur farming fleld. Prices of finished fur garments have declined fully as sharply as have the prices of raw furs. Proposed Oil Legislation. Quills are commencing to rise on the petroleum industry ai it gives evi- dehce of being a very “fretful porcu- pine” when it is fa with legi either State or Federal. Ever now has a gasoline tax. In 4 the Legislatures will hold sessions in 1931 and already there are indications, according to leaders in the oil industty, that uvlnm in gasoline taxes are contem many. They fear that any ine vlll check sales of gaso- line and further delay recovery of the petroleum industry to prosperity. Petroleum production has been and is being curtailed. Drastic measures have been taken to keep unneeded crude be- neath the surface. But stocks of crude | and gasoline are still high and addi- | tional consumption is needed, as well as curtailed production, to balance the scales. Gasoline taxes aggregated $525.- non ,000 in 1930. That represents a gain | of over $520,000,000 in 10 years, for the total in 1920 was $4,700,000. If that burden on the ul ite consumer is in- creased in 1931, the oil men fear it will | :‘heck motoring and reduce consump- jon. The automobile manufacturers are han nnhltlons to fi‘ht additional taxation. ‘The tax trend has been steadily upwlrd ‘The first State to adopt the tax, Or ay the Oregon rate is 4 cents Only tmea States have taxes as low as 2 cents a gallon and from that they run up to 6 cents in Florida, South Carolina and Georgia. Average Gasoline Tax. The ofl and automobile men point out that a tax of 2 cents, the lowest now on the statutes, involves a cost of 1 cent for each 6 miles of distance trav- ¢éled by a car making 12 miles or a gal- 16n of gas. The average motorist is be- lieved to travel between 9,000 and 10,000 miles a ynr The tax, therefore, im- E)m yment of approximately $25 lddluun w the cost of the gas. Advocates of the higher tax rates point out that the greater part of the taxes collected by these levies are de- voted to the building and maintenanen of roads and that this is a charge which the motorists who use the roads should pay. The problem is extremely important now in view of the fact that this country contemplates the expendi- ture of some $2,000,000,000 on roads this year and must get the money to pay for them. The opponents of tax advances warn that the goose that lays &liednldtn tax eggs may easily b2 In addition to the State tax legisla- tion, the pekoltum industry is appre- henitve to Federal legislation. There lbulw that a measure may comz hrough Congress for a Federal tax, the returns from which would go to thé building of highways. The demand from the aviation in- dustry is counted on by petroleum pro- ducers to help out the situation to a tér extent this year. In 1930 som:- g llks 25,800,000 gallons of gasoline were used in the operation of aircraft and thé consumption is constantly ex- ’ B (oopvriant. 1931) Bl ol et U. S. STEEL PENSIONS AMOUNT TO $4,359, 445 By the Associated Press. NEW YORK, February 5—Penllonn distributed among retired employes of the United aum Steel Corporation and its subsidiaries last year totaled $4,359,- 445, the twentieth annual report of the United States Steel and Carnegie Pen- sion Fund disclosed. ‘The 1930 payment brought to $30,- 625,546 the total amount paid in pen- sions since the u.ur-uun of the pen- sion plan, J-nunrsol. Oarnegie Steel ‘llfih total of $1,040,139, headed the st n( subsidi- aries in the amount paid to retired em- ployes last year. N land, is to ha l"ml"-ln:. 1 ve & new FEERUARY 5 198) IBACHELOR GIRLS CONSIDERED GOOD RISKS Confidential Bulletin FOR INSURANCE Gives Rules of Com- panies Engaged in Non-Medical Busi- ness—45 Years Age Limit. Gentlemen may perfer blondes, but waiver of premium or income disability life insurance underwriters are strong for bachelor girls with any color of ir. This is one of the secrets a-. out of & nnnaenun bulletin on the prac- tice and ex] of com- pA! in the non-medical field the American Life Con- vention recently llnz to the eomp.nm that afe mem| of the The Amencu e con lon -zm ba; were pi in the of mons ical unaerwrmn. of life insurance risks. The confidential bulletin is the most complete thing of its kind on non-medical life insurance ever com- piled and, naturally, it contained much specific information regarding com- panies’ experience and practices in non-med(ul underwrmm which available only to the companies that received the special hllhfln ‘This is especially true of individual company practice, ete. 45 Years Age Limit. However, there are some matters of interest not The fact that un- married women are preferred by under- wrmn, gentlemen is just one of the information contained in the bulletin. Another fact that is somewhat alarm- ing is that the age 45 years is gen- erally accepted as the very limit at which either men or women can be safely sold life insurance without a rigid medical examination. But in the consideration of non-medical risks it is known that practically all of the Amer- ican Life Convention cmnpanle.u de- pend for protection on confiden- tial reports obtained by the trained investigators of the American Service Bureau, which serves only life in- surance companies that are members of the convention. These inspection reports give the underwriting depart- ment of the insurance company accu- rate data on the financial responsibil- | and ity, Rle;sonsl habits and diversions of the insurance applicant. In the confidential bulletin the ex- mnee of lll comj nlc& writing none However, one Of Ghl tfil Mflm non-medical murdlnl melr expmenee with non- medical business 92 companies re n‘fld “favorable.” T‘):ree volunteered the afte two others said they m received- no claims on non-medical policies. One of these companies started writing non- medical insurance in 1927 and - the other entered the field lm One company furnished the m teresting sidelight that its experience with ndn- medical business in Canada was much more favorable than in the United Btaus One company stated that it had discontinued writing non-medical bullneu after three years' experience, but it had confined its operations to a limited metropolitan fleld. Experience “Too New.” Beven compénies e: hined their 8%« | gry umrmu péfience with fionsm “$60_new” to venture an oOpinion five of writ non-medical operations ale . But on the other hand 36 of the remlmnt 109 insuring | companies ;“ghllmm- 1 are willing to R ae number Rtur rleuom on wom- en as to eluur disability waiver of premium or income disability coverage. Two of these confine such limitations to married women, one places a restric- tion on single women only as to income disability, while the fourth company doesn't ~ restrict employed unmarried women in regards to either disability protection. ‘Twenty-seven companies accept single women on the basis of men, but don't non. unt Single women a lower amount than men and married women no non-medical at all, 10 companies; single women a lower amount and lower age limit and nothing to married women, one company; a lower amount to both ‘single and married women, 14 companies; self-supporting women ac- cepted same as men from some selected agents, but no other women written non-medical, one company; single women same as men if employed, five companies; single women same as men. but married women lower limit and amount, two comj single and married women given' lower amount and at lower age limit, compa~ nies; both single and married women lower amount than men and married ‘women less than single women, one com- P‘“" both single and married women & ower age limit and lower amount of protection than men and married women a lower amount than single women, one company, and another com- pany writes single women at a lower age limit than men and no married women at all. Rules on Age. As the age limits, 45 years is the maximum for men with 105 com for 98 companies for single girl married Three com) maximum for men non-medical, seven that for unmarried women and seven for married women. One com- pany has a limit of 49 years for men all women. companies set 50 years as the fmit for men and two for unmarried women. com] are willing to write men non-m¢ Daes st women 10 that ne ‘The ximum amount of men and both :‘un‘t’n Pmy-lour companies mu up women. One company has & $2,500 ol , While one of these com- | ¥ Both single and married maximum and $2,000 minimum for “ WAGE-CUT DEBATE EROWS N VOLUNE Business Men Argue Whether Reyluctions Would Hasten Trade Recovery. By the Assqciated Press. A contnoversy of extemsive propor- tions has keen stirred wp In and financinl circles of the Nation anent the question as %o ‘whether a lowering of the present high standard of living would aid business vecovery. ‘The controvessy wages merrfly. Pro- ponents of such'a procedure have used extreme caution' in advoosting pub- licly their views, which run counter to nnh onm'.:rxmm%h m: Jo includ- the greaf n power- lgf industrial tmg?alu of the country. Convention iterancs. ‘The first notable utteranoe advocat- ing a lowered lunh-d of Niving was the American Bankers® l.flficn in Cleveland late last Sunsmer and Was :. Yr:zlmant Hoover, also fact 'y on the convention 'm hi issue with the it de- clared that under no be lowared De-pxu setback, the mement cent and noub!e aea e Fanks “was ‘Euge &; of the Fed Atlanta, who declaréd he nld not. those men who afe saying exander Hamilton Institute Has ju.st injected itself into the affirmative issued at the Annual Oomwemtion of criticlsm. _In. is prepared must the Am mn“ of living slowly gained recruits. {ll of e of side of the contest with the lowered will favorite 3 noncmedical Protection is $2,500 for | Cmployed. single and married tuuly, mfls 43 m-e in about a suiicient increase i ou more than offset lower ‘War- rant an even m has heretofore NEW YORK COTTON Q i DL will not. 'rwomeumnnmeeufim hile seven others limit thenmeuntlormnmlndwmm 'rhl:tycom reported they write on-medical under all policy forms, whxleu write all but term non-medical. Forty-four companies elsmlnne both term and other special polic; ‘STOCK AND BOND AVERAGES By the Assoclated Press, Prom Yesterday's Bdition. STOCKS. years ago High, 1930-31. Low, 1930-31. High, 1929. Low, 1929. l1413 BONDS. Low, High, 1920. Low, 1929. National 1814—~OLDEST NATIONAL ‘BANK IN TH on Savings up 9; May, t P Y, Opening w’k:u were: March 10.64, 1090, u p 8; Juy, 1115, up 11 11.59, up 10. , up 7, GRAIN MARKET CHICAGO, -Fore- casts of rain or snow %’M widespread relief ¢ tion of 20,000,000 W% estimates of the tine wheat sur- plus, however, tended to additional sag. Corn startéd % off to % up and sul tly showed declines all around. tic SR e ‘was assoc ur surelty molmue for two ln'd!mm Reduction of the Al‘lflzflne exporub!e ‘wheat nfllm was attributed to a wet harvest. “l‘;ro .overned l::ely By Mm porary mn.h ol o&eflnu.”?n quently reacted. Petition in Bankruptoy. PEORIA. II, mmry 5 éflp'flu ‘Walter 64 blnkre m'm um'flm m- hh\krll here. shorh exhud in uu une.n made by Walter G. C: of the company, who died u Friday. Established in 1814 The Oldest National Bank in District of Columbia w tion of a your funds, bear in mind that The Metropolitan has weath- ered the financial storms of over a century— always affording its 100% customers security, As little as a single Dollar HEN deciding the ques- depository for service and will identify you with Our Sav- ings Department. Appointment in all fiduciary capaci- ties invited by Our Trust Dept. Metr 15th Street bppomc U. S. ‘Capital, Surplus and Undivid ed Profits, ogohtan Bank DIRTRICT OF COLUMBIA—1931