Evening Star Newspaper, February 19, 1931, Page 14

A—14 wxk FIN RAISE IN BRITISH BANK RATE URGED Bank Economist Feels Higher Charge Will Aid Empire’s Finances. BY JOHN F. SINCLAIR. Bpecial Dispatch to The Star. NEW YORK, February 19.—Dr. B. M. Anderson, jr., economist of the Chase National Bank, told & Chicago audience last night that the British gold drain to Prance does not “grow out of funda- mental financial weakness, but to the British reluctance to raise the bank rate and tighten credit in London.” Dr. Anderson still feels that this is the right way out for Great Britain, supplementing it _possibly by a British funding loan in France and the United States. 2 “A readjustment of this kind ‘would, moreover, put British industry in a po- sition to share in a world business re- vival when it comes,” the doctor said. “An inflexible wage scale in one coun- try is difficult to maintain in a chang- ing world.” France has huge short-time credits both in London and in New York. She could embarrass England at any time by withdrawing a substantial part of these credits. and Great Britain knows it. ‘This situation has caused great un- easiness in banking circles in London. The suggestion of Dr. Anderson is an attempt to find a way out. Plan for Small Investors. George V. McLaughlin, president of . the Brooklyn Trust Co. has developed an interesting plan in connection with his trust department. The officials of the trust company ac- cept funds of $500 or more from its de- positors, merge them into $50,000 units and invest the proceeds in a diversified list of securities. It is really a fixed in- vestment trust for small investors. Al- though only originated in May, 1929, the company now has 122,995 units sold, with total investments aggregating about $11,500,000. On February 10, this money was in- vested as follows: Bonds, 22.59 per cent: preferred stocks, -36.11 per cent; common stocks, 28.33 per cent; mort- gages, 8.3 per cent, and cash 4.67 per cent. i The charges for administering the trusts are very small—1 per cent of the principal on entering and closing out the account, and '. per cent annually while it is in_force. Under this arrangement, the holder of the trust certificates is allowed to liquidate and get his meney at any time. He re- ceives, more or less, the amount he in- vested, depending upon the market value of the sécurities, which the trust holds at the time of his withdrawal. This experiment is being watched with interest by other trust companies. Railroad Expenditure. Are the railroads slipping? In the short-haul passenger traflic, yes: in the long-haul passenger traffic, maybe, and jn freight traffic, the backbone of the business, ne. ] Perhaps that is wh~ Gen. W.'W. At- terbury, president of the Pennsylvania Railroad, announced yesterday that the Pennsylvania_expected to start imme- diately on the expenditure of some $175,000,000, the whole sum to be ex- pended within the next two and a half years instead of being spread over five ears. o ‘Where will this money go? First, to complete the electrification of all Penn- sylvania lines belween New York and ‘Washington: second, to complete the new Philadelphia terminal station now under way: third, to erect a new pas- s-nger station at Newark and a new bridge over the Passaic River; fourth, to abandon Manhattan Transfer and build a new bridge over the Delaware River; fifth, to make extensive im- provements around _Baltimore, and sixth, to remove scores of dangerous railroad crossings. If the action of Gen. Atterbury is In- dicative of what is going on in the minds of other railroad executives, the railroad industry should be the one to lead the Nation out of the depression. Charles Flint Retires. Charles R. Flint, “father of the trusts,” has at last decided to take it easy. He has announced his retirement from the business world, in which he has played so important a part during the last 40 years. During his career Mr. Flint organized 22 of the largest industrial corpora- tions in the United States, including the American Wecolen Company, the United States Rubber Co. and the In- ternational Business Machines Cor- poration. But this is not all of his work—far from it. He negotiated & treaty between Brazil and the United States and sold a navy to them. He carried for months a letter of credit, totaling $30,000,000, for Russia; he loaned in February, 1908, Orville ‘Wright and Wilbur Wright, airplane inventors, money to allow them to on their valuable work. t was two years ago. at the age of 80, that Mr. Flint astonished Wall street by going back to work again at the old office he had made famous a generation before. But now he has abandoned business | and has resolved henceforth to have a good time and see the world. Indian Situation, ‘The situation in India has improved a5 a result of the three-hour conference which Gandhi had yesterday with Lord Irwin, the viceroy of India. Gandhi has insisted all aicng that India shall be free to handie her own finances. Great Britain has never consented to this arrangement S Nevertheless, all reports coming out of India indicate that the severe ton- | sion which has gripped the nation since the release of Ganahi from prison has slackened considerably. Evel tion points to a bettcr state of affairs. That's good news for the business world New York to India in 11 days—this is the latest news from the airplane front. The 12,000-mile route from San Fran- cisco to Calcutta has been opened by the Imperial Airways of London. Rapid freight service from the United States 15 expected to be an important contribu- tion to the gross receipts Tied up with this will be another fast- freight service from E: nd to South Africa. This is the next route which will be opened by this same company. It probably is no exaggeration to write that within five years every part of the civilized world will be within a week's reach of every othei part. (Copyright, 1931, by North American News- baper Alliance.) RECENT STOCK ADVANCE Special Dispatch to The 8 NEW YORK ebruary 19.—The stock market is not in so good a techni- cal position for further advance this week as it a week 3go. After run- ning up an average of about 10 points, it had reach:d on'y 2 points to Satur- day’s closing, bul there was quite a change in speculative sentiment. For one thing it was felt that the weak part of the short interest had been run in, A great deal of discounting of a more favorable sentiment had ccgurred. Against this there are still many un- favorable corporation reports still to be published. However, the passage of the drought relief bill makes an extra ses- sion of Congress less probable. If jt is definitely proved this week that Con- gress will adjourn on March 4, this in itself will be a bullish argument that might easily overbaiance both technical and market conditions of a b-arish na- ture. Wall Street, although it wants more commissions after the dullest 4 ; indica- | ANCIAL. HE EVENING STAR, WASHINGTON NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. (Continued From Page 13.) Stock and Dividend Rate. Mo Kan & Tex pf (1) Missouri Pac pf (5). Monsanto Ch (£1%). Montgomery Ward. . Mother Lode. ... Motor Meter G & El. % Motor Wheel 11) Mullins Mfg Mullins Mfg pf (7). Munsingwear (3). Murray Corp. sh Motors (4). Nat Acme (80c). Nat Bella Hess. .. Nat Biscuit (2.80) at Biscuit pf (7) Nat Cash Reg A (3). Nat Dairy (2.60) Nat Dept Store Nat Dist Prod (2) Nat Lead (5).. at Lead nf A (7).. at Pow & Lt (1) at Radiator t Steel (2) Nat Surety (5).. ~Prev. 1931~ Sales— High. Low. 85 70~ 107 86% 25 20 254 15% 98 il S8y .2008 2 . 33 11 4 8 6 3 27 16 4 4 c 2 1508 140 4 11 ewton Steel....... Y Air Brake (2.40) Central (8)..... 625 nvest (1.20)... H & Hart (6)., NYNH&HDpL (1) N Y Steam pf (6). Norf & West (112).. North Am Aviatio; Nor Am (b109 stk). orth Amer pf (3).. orthern Pacific (5). Norwalk Tire & Rub. Ohio OI1 (1). . Oliver Farm Eq Omnibus Corp. Otis Elevator (21 Otis Steel. . Pacific Coast. . . Pacific Coast 1st Pacific Coast 2d pf.. Pacific Gas & E1 (2).. Pacific Lighting (3). Pacific Mills Pacific Tel & Tel (7) Pack Mot Car (60c) Panhandle P & R. Paramount Pub (4 Park Utah. . Parmelee Transport. Pathe Excharge Pathe Exchange A. . Patino Mines. ....... Penick & Ford (1)... Penney (J C) (3). Penn Coal & Coke. .. Penn Dixie Cement. Penn RR (4)... Fetrolm Cp of Am1) Phelps Dodge (2). .. Phila Co 6% pf (3).. Phil Read C&1..... Philip Mor & Co (1). Phillips Pet (2) Plerce-Arrow pf { Pierce Oil Pierce Petrolm (10c) Pillsbury Flour (2). Pitts Steel pf (7). Pitts United Corp Poor & Co (B).. Porto Ric Am T(.A) PR AmTobB. . Postal T & C pf (7). Prairie Oil & Gas (2) Prairie Pipe Line (3) Pressed Steel Ca Pressed St C pf (7). Proct & Gamb (2.40) J(3.40)... Ipf5) J vt (1) Pullman Corp (4) Pure Ol1 Pure O11 pf (8)...... Purity Bakerles (4). Radlo Corp Radio Corp p! H Radio Corp B (5).... Radio-Keith-Orph A. RR Sec IC stk C (4). Raybestos Man 2 60. Real Silk Hos (3). Rem Rand (1.60). Reo Motor Car (80 Reo Motor ctf (§0c). Republic Steel. . public Steel pt. . Revere Copper & Br. Revere C&B A (4).. Reynolds Metals (2) Reynolds Spring Reynolds Tob A (3). Reynolds Tob B (3). 2ighfield O:1. Rio Grande Oil. ... Rossia Insur (2.20) Safeway Stores (5) Safeway pf (6). St Joseph Ld (2). 2 3 10s w© 3 ” - N s ceR wfulvuBecRonmtmu-ToarainaarannsSasnns 3 an Fran pf (6) huite Retail Str Seaboard Air Line. ears Roebuck 12% econd Nat Inv.. eneca Conper ervel inc. . aron Steel Hoop. . arp & Dohme. .. .. hattuck F G (11%) hell Cnion Oil... ... hubert Theater: immons Co. nms Petrol clair Con Ofl (1). inclair Ol pf (8)... 2 1715 274 104 T 20% 10% 1313 102, 1274 35's 173 5115 109 65% 76 9 Sloss Sheffield St pf. Sou P Ric Sug (1.40) South Cal Ed (2).... South Pacific (6).. South Ry (8). . South Ry M&O ct (4) Add 00 High. Low. Close. Close. 2 824 1105 2 24 24% 3 19% 51% 107% 611n ~Prev. 1931~ High. Low. 1T e 4 2% 15% 104 30% 264 9 BK 19% 164 1205 118 73% 58 106 101% w2 51% 451 104% 102% 19 14% 52 abu 26 221 3% 20 5 3 % 64 19% 14is 4T 3TH 2% 204 6 39y 40% 331 B % 1% 6w 132 11 2w 1 20 17 814 913 36% 30 53% 45% 1% 1l 15% 13% 37 23 9 26 17% DI Prev. parks 824 105 24 2874 " 3 19 14% 60 308 165 3412 8n 7% 80ts 151 82% 105 23% 23% % 3 18% 13% 53 a1 15% 34t 9 T8 81 1501 36% 34% 46 45Y 7 6t 28 26 125% 127 140% 140 408, 82% 105 23% 23% S 3 19 1314 55 Y nd-. o t t U [ ar Chem 6% pf. & Pow pf (6).. Vulcan Det (4) Waldor? Sys (1%).. Walworth Co (1), Ward Baking A. . Ward Baking B. Warren Bros (3). War Broscv pf (3). Warner Quinlan. ... Warren Fdy & P (2). Webster Eisenlohr. . Wess Oil & Snow (2) West Pa El A (7). West Pa Pow pf (7). tern Dairy A (4) Western Dairy B. Western Md. . Western Union (8). Westing A B (2).... Westing E & M (5) Westing E&M pf ( Weston El Instr (1). Wextark Radio Strs. White Motors (2) 5 White Sewing Mach. Willys-Overland. Wilson & Co. Wilson & CoA.. Wilson & Co pf. Woolworth (2.40) Worthington Pump Wrigley (Wm) (4., le & Towne (2) Yellow Truck. . Yellow Truck pf Youngs Spring (3).. Zenith Radio. RIGHTS—P.XPIRE. Pac Gas & El.Mar 11 113 Sales of Stocks on New York Exchange. W 66% 25 9% 75 30 Y 75 a2 2% 2 10:20 A.M. 1:3¢ P.M.... Dividend rates vayments based on stock. no 10214 91y 32 141 511 1073 61 75 regular rate | hPlus 2% in_ stock 6 16 end Rate. Withing (1).. Spear & Co. Spicer Mfsg. . Spicer Mfg pf (3). Splegel-May-Stern. « Stand Brands (1.20) Stand Brands pf (7). Stand G & E (3%) Stand G & El pf (7). Stand Invest Corp Stand Oil Cal (h2% Stand Oil Exp pf (5). Stand Oil of Kan (1). Stand Oil N J (12). .. Stand Oil N Y (1. Starrett (LS) (12%), Sterling Sec A. . Sterl Sec pf (1.20) Stewart Warner. ... Stone & Webster (3), Studebaker (1.20). .. Sun Of1 (71). Superheater Superior Oil. . Superior Steel. Sweets of Amer (1) Symington. ...... Telautograph (1.40). Tennessee Corp(50c) Texas Corp (3) Tex Gulf Sulph (4). Texas Pac Land Tr. Thatcher Mg (1.60). Thatcher pf (3.60). The Fair (2.40). Thermoid Co. Third Nat Invest. ... Thompson Pr (2.40) « Thompson Starrett. . Tide Water As (60c) . Timken Det Ax (80¢) Timken Roller (3)... Tobacco Products Tobacco Prod A 195c. Tob Prod div ctfs B., # Transamerica (1) Transue & W (1). Tri-Cont Corp. ... -Cont Corp pf (). Trico Prod (213). Truax Traer (1.60) . 1lot-Fish (8). Union Bag & Paper. Un Carbide (2.60) Un Ol of Cal (2). Un Pacific (10) Un Pacific pt (4) . “nit Atreraft. Unit Biscult (2) Unit Carbon (1). Unit Cigar Store United Corporation Unit Corp pt (3) CUnit Electric Coa Unit Fruit (4). nit G & Im (1.20). nit G & Im pf (5).. nit Piece D W (2). U'S & For Secur. U S Freight. 1S Gypsuni (1. S Hoftman. . . ©S Indus Alco « S Leather........ S Leath pr pf (7). S Pipe & F (2). S Realty & Im (3). S Rubber S Rubber S Smelt & Ref U S Steel (7). U S Steel pf (7). Tobaceo (4) Unit Stores A. Unit Stores pf (4) Univ Leaf T pf (8).. Univ Pipe & Rad. ... Ctil PEL A (et2.15). Vadasco Sales Corp. Vanadium Corp (3) “Unit of trading less 100 shares. §Payable in seri b Payable e Pavatle in cash or stock. m Paid this year—no regular r Bales— Add 00. High. 6 11% . 808 4 14% - a 1 o 1 325 5 8% 77 19% 4 120% 3% 106% 4 49% 104% 16% 494 25% 3% [N 9 18% 46% 24% a4 39% 114 11% 13% N ). 14 2 0). o % 24% 202 " B85 32% 39% 26% 5% 235 491 T4 61t 30% 1004 100 21% 2 24% 201 85'a 324 30 24% ... 1. 20 2 108 1 8% 2% 400,000 00 Noon....... 1.000.000 1.500,000 2:10 P.M.... 1 700,000 iven in the above table are the ann test quarterly or half-yearly d!"rl:l in stock. d Payable Wh!n‘ e:rned 1 Plus 8% in stock. Plus 67, in stock. k Plus 3¢ n <tock. n;lul 5% 1in stock. Plus 9% CORPORATIO REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, February 19.—The fol- lowing is a summary of important cor- poration news prepared by the Standard | Statistics Co., Inc, New York, for the Assoclat=d Press: | News Trend. | Good demand for copper during the {last few weeks has caused a numb-r of 11n:g'- produceis to withdraw from the | market at quotations of 10 cents a |pound for demestic delivery. Custom | smelt'rs are now reported to be quoting the metal at 10', cents, and Copper Exporters, Inc., raised the export price one-quarter of a cent today to 10.55 cents a pound. Included in today’s corporation news are announcements of upward revisions in the dividend rates of Douglas Air- Unfavorable action, on the other hand, has been taken by Walworth Co., Stone & Webster, Laclede Gas Light and Wilson-Jon's. The Companies. Allied Kid 1930 common sha:e earn- ings 19 cents; earned 83 cents share in seven months ended Dec:mber 31, 1929. | Barker B: 1930 common = share arnings 14 ¢ again:t $4.12. Blumenthal (Sidney) plants to be op- erating at 60 per cent at end of Feb- ruary. Brooklyn Union Gas 1930 common share earnings, $7.25, against $7.66, on average shares outstanding. Central Public Service Corporation customers increase 60 per cent in 1930. Century Ribbon Mills 1930 deficit, $172,835, against deficit $27,269. Chrysler Corporation 1930 sales pas- senger and commercial vehicles, 269,889. against 450,543, overhead reduced and new model expenses charged off in 1930. Citles Service January net, after sub- sidiary preferred dividends, but before reserves, off 54 per cent; 12 months, up 26 per cent. Commercial Credit 1930 common period in years, at the same time does not look with favor on a rapidly ad- vancing speculative market which t be a boomerang later on if the y in business runs past the early Spring months. share earnings, $2.03, against $4.34. Congoleum-Nairn to propose retire- ment of 226,675 shares common stock held in treasury, purchased at average of $11.44 a share. Delaware & Hudson Co. (correction) craft and United Stores Corporation. | | share. Douglas Aircraft declares 25 cents share earnings, $3.03, aga; !extra common dividend and 50 cents |share semi-annual | net tncome nine months to December| up 15.9 31, $1464,224, equal to $2.84 common | cent, | Durham Hosiery Mills 1930 deficit, | $12:557, against net*income $262.524. | Easf | York-Yarmouth and Boston-St. 10-year mail contracts. Fanny Farmer Candy Shops 1930 | common share earnings, $2.98, against| | 83.95. share earnings, $1.32, against $5.52. General Asphalt reported 400,000 to 500,000 barrels Royalty Oil has ac- crued to date; based on present output, it is estimated about 2,000 barrels will be added daily; wins breach of contract suit against Anglo-Saxon Petroleum. Gleaner Combine Harvest:r ma jority of stockholders and creditors reported in favor of Federal Court jurisdiction over recedvership. General Motors Corporation Austra- lian subsidiary absorbs Holden's Auto- | mobile Body Co., a $5,500,000 concern, | Tire sues company for alleged patent | infringement. Grigsby Grunow stockholders to be ! asked to purchase new $5,000,000 issue of first mortgage 6s, proposed to be cre- ated at 97'%; output, 3,000 sets daily; increase to 4,000 likely. | ""Hotel Waldorf-Astoria to open Octo- ! ber 1, 1931. International Carriers, Ltd. proposes reducing stock to 594,978 shares from 611,643, | Laclede Gas Light cuts common quar- | terly dividend to $2 from $2.50. mon share earnings $1.31. | Long Island R. R.-Transit Commis- sion begins suit to prevent abandon- | ment of Whitestone Branch. McCrory Stores closed three un- | profitable units in 1930; had 242 stores at_year end. Nevada Consolidated Copper 1930 | common share earnings before de- | p:l’!;lon and Federal taxes, 40 cents, vs. $3.96. | New York Transit 1930 common | share earnings, 76 «:nts, vs. $1.65. | Pacific Gas & Elec. makes exchange |offer for preferred stock cof Feather | River Power of 4 shares, $25 par first preferred stock for one share of $100 |par clacs A stock of Feather River Power; latt:r to be dissolved. | Pere Marquette declares $1.50 qu: terly common dividend; omits $2 extrs Pittsburgh & Lake Erie Ry. 1930 common re earnings $7.54, vs. $8.75. Public Service Corporation of New Jersey January surplus, after charges, Lehigh Coal & Navigation 1930 com- | n_ Steamship Lines gets New John Goodyear T. & T. Overman Cushion | | discount to quantity gasoline buyers b; | "Federal Screw Works 1930 common |1 cent gallon. 4 e | cents share. per cent; 12 months up 1.4 per- Rutland Railroad Ca. 1930 preferred | inst $7.61. Sharon Steel Hoop starts new year with small bookings and poor demand. Sharp & Dohme 1930 common share earnings, 54 cents, against $1.13. Standard Ol of California—Appeals Court upholds right of City of Los An- geles to enact laws forbidding ofl drill- ing in residential sections, Standard Oil Co. (Indiana) reduces Stone & Webster declares 75 cents quarterly common dividend; previously paid $1 a share. Superior Oil Co. (California)—Early action expected on preferred dividend arrears, ‘Thermoid Co. 1930 common share earnings, 72 cents. United Cigar Stores Co. of America— A. C. Allen, vice president, made de- fendant in alleged breach of contract suit to be filed by A. J. Neve, former head of Neve Drug Stores, Inc. United Founders omits stock divi- dend on common; had been dis- tributing one-seventieth of a share quarterly. United Stores declares $1 preferred dividend: paid 62!, cents formerly. United Verde Extension Mining— Cost of producing copper reported less than 7 cents per pound after crediting gold and silver, but before depreciation and taxes. Walworth declares 25 cents quarterly common dividend; formerly paid 50 Warner Bros. Pictures makes share exchange offer for Skouras Bros. and St. Louis Amusement; 1'; common for each Skouras class A share and 1 common for each St. Louis class A share; already controls both com- panies. Wilson-Jones declares 37!, cents quarterly common dividend; paid 75 cents formerly. ‘Woolworth (F. W.)—Georgia Supreme Court holds State chain store tax un- constitutional. " PARIS BOURSE PRICES. PARIS, February 19 (#).—Prices im- rtoved on the Bourse today. Three per cent rentes, 88 francs 30 centimes. Five per cent loan, 101 francs 75 _centimes. Exchange on London, 123 franes 91 centimes. The dollar was quoted at 25 francs 5114 centimes. . Exports from China have been in- creasing since the first of this year, PRIME BOND LIST CONTINUES STRONG Convertible Group Also Ad- vances—Foreign Dollar, Issues Firm. BY F. H. RICHARDSON. Special Dispatch to The Btar. NEW YORK, February 19.—With few exceptions bonds remained strong to- day. Prime issues were unchanged or a shade higher and at their best prices of the year. Second-grade obligations, where strength prevailed in the companion Stocks or earnings reporté were favor- able, advanced strongly. Speculative issues reflected a.more optimistic view- point on the part of the market, The best of the foreign dollar bonds kept to the same firm course. ¢ The exceptions were distributed in both domestic and foreign sections. In the domestic list the declines ware traceable chiefly to railroad eamings reports that have fulfilled the worst apprehensions of the Street, to weak- ness in the complementary stocks in the case of convertible bonds or to profit-taking, following substantial ad- vances of the past few sessions, In foreign bonds the Australian group was heavily depressed by a continued flood of selling orders, many of which originated in London, and Latin Amer- ican issues were heavy on reports of new political outbreaks in Paraguay and the fear of inflation coming in the wake of Cuba's scheme to issue her own currency. Time money rates were un changes. Volume was moderate. There was a total of about $4,500,- 000 in new issues, all of the high-grade type that has predominated in the new capital market since the turn of the year. The demand for these bonds still exceeds the supply and accounts for the extreme demand for short-term ac- ccommodation. Railroad bonds continued to show impressive strength in the prime sec- ton. Chicago, Burlington & Quincy general 4s and Northern Pacific 4s moved higher. Boston & Maine 5s ad- vanced following the restoration of Boston & Maine issues to the list of securities legal for savings banks and trust funds in New York State. The road’s return to a legal basis has been one of the quickest on record. . Firm levels or small gains character- ized the balance of the high-grade sec- tion In the junior list. St. Paul adjust- ments and St. Paul 5s both reflected a poor earnings reports. American & Foreign Power 5s, International Match 55 and International Telephone 5s mir- rored uncertainty over the Spanish and Latin American situations. Pathe Ex- change 7s were buoyed up by the strength in amusement securities gen- erally, as were Warner Bros. 6s, Para- mount-Publix 5'2s and Shubert Thea- ter 6s. In the foreign list, Australian S5s, New South Wales 5s, Brishane 5s and 6s and Queensland 6s and 7s declined 1 to 3 points. These bonds now stand around a 10 per cent yvield basis—with the exception of the Queensland issues —and are lower than at any time ‘n 1930. Chile’s 6s were off fractionally as the negotiations here for a debt ar- | rangement become more and more pro- tracted. Sao Paulo Coffee loan 7s were off a point. Minas Geraes 62s sagged. Cuban issues were also sold. German and other European credits remained strong. | Washington Stoc-l(EAxchange SALES. Potomac Electric 6s 1953—$1,000 at 1081 Washington Gas 6s A—$100 at 1015;. Washington Gas 6s “B"—8$260 at 10415, Capital Traction Co.—20 at 35%, 15 at 3535, 40 at 35%, 35 at 35%, 15 at 351;, Security Savings & Commercial Bank— 10 at 451. Columbia Sand & Gravel pfd.—10 at 97, 2 at 100. Mergenthaler Linotype—10 at 877%, 10 at 884, AFTER CALL. Washington Rwy. & Electric 45—$1,000 at 8714, $1,000 at 87',, $2,000 at 87!, | Potomac Electric 67 pfd.—5 at 110, Federal-American National Bank & Trust Co.—10 at 50, 10 at £0. Bid and Asked Prices. BONDS. PUBLIC UTILITY. & Telgn. 4'.5 '33 Amer. Tel & Telga 4135 '39 Am. Tel & Tel. ctl. tr. 5s..... Anscostia & Pot. R. R. bs. ... Ans & Pot. guar. 55........... C & P. el of Va. 53 Capital Traction R. R. City & Suburban 5. . Georgetown Gas 1st 55 Potomac Elec. cons. 5% .. Potomac Elec. 65 1953.° .. Wash., Alex. & Mt Verson ctf Wash. Balto. & Annap. 5s.... Washington Gas _4'ss Washington Gas 5s.. Wash. Gas 6s, series A Wash. Gas 6s. series B.. Wash. Rwy. & Elec. 4s MISCELLANEOUS. Barber & Ross, Inc.. 8'ss.. Chevy Cnase Club 8ias . Columbia Country Club 5123 D. C. Paper Mfg. 6s........ W. M. Cold Storage 85 Wash.' Cons. Title 6s.. STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9).... Capital Traction Co % Wash. Gas_Light Co. (i8i Noriclk & W. Steamboat (i2) Pot. Elec. Power 6% pid.. Pot. Elec. Power 5!z v pfd Wash. Rwy. & Elec. com. (1) Wash. Rwy. & ElL pfd. (5). NATIONAL BANK. Capital (14)... Columbia (13} : Commercial (stamped) District ( Fed.-Am. Ni Libérty (75 . Lincoln (12). Metropolitan (14 Riggs (155)..... Second (9e) Washington {i3) ! TRUST COMPANY. Amer. Security & Trust Co. (15) 335 Continental Trust (6).... < National Savings & Trust (12 Prince Georaes Bank & Trust Union Trust (8s) i Washington Loan & Trust (i4). SAVINGS BANK. Bank of Bethesda (63) Commerce & Savings (10" East Washington (12)... Potomac (10)...... v 65 Securlty sav & Com. Bk (1) 451 Seventh Street (12) 50 Amer. Tel 208 435 United States (30) ... Washington Mechani FIRE INSURANCE. American (12). Corcoran (10). Firemen's (8) National Union TITLE INSURANCE. Columbia (8h)..... Real Estate (6h) Title & Inv. Co. Md. com MISCELLANEOUS. Barber & Ross. Inc.. com Col. Medical Blds. Corp. (8) Col. Sand & Giavel pfd. (T) Disi "Natl. Sec. pfd Emer. Bromo-Seltzer Federal Storage pid, (8. Fed.-Am. Co. com. (1200 Fed-Am. Co. pid. (6). Lanston = Monotype. .. Mer. Tr. & Stge. com. '(10). Mer. Tr. & Stge. pfd. (7 Mige & Inv. pfd. (8). Mergenthaler Linotype (6). . Peoples Drus Stores ptd. (& Beal Eit. M. & G pfd. (&), curity ‘Stor: Fer e, "W Corps.” (33 The_Carpel Corp. (150c). W, Mech. Mtge. com. (6) Wash. Med. Blde. Corp. Woodward & Lothrop com Woodward & Lothrop pfd.” (%) *Ex dividend 82% extra. b Books closed. n2sc extr 130c ext 315 extri elia% extia. 280 150 20 20 NEW YORK, February 19 (#).—Prairie Oil & Gas cei a,u fgqm'o'ud g p:;! er:lz“ of the stock of the Lon| .y - \n.-b‘;uzwmumxmumumm Kansas, D. C., THURSDAY, FEBRUARY 19, W Y Recelved 1931. [on vev yoxr BONDS by Private Wire Direct to UNITED STATES. (Bales are in $1,000.) High. 10126 10122 102 30 10225 103 28 10319 10122 10116 10510 105 10 107 14 107 14 118 1118 FOREIGN. Sales. Bales. 3 8 72 15 125 = 25 Lib 3348 Lib 18t 435, Lib 4th 4% US3%s"43 Usiy U S4s'4s US4ys's2 [ Argentine May '61. 99 Argenténe 63 A 37, 2 Argentine fs Ju 7 Argentine 6s Oc '59. 10 Australia 43%s'56.. 13 | Australia 55°55. | Australia 5s°57. Austria 7s'43. Bk of Chile 63861 Batav Pet 415 '42.. Belgium 6s '5! Belgium 638 ‘49 Belgium 75 ' Belgium 75 °56. Bolivar s ‘58 Bolivia 7s ctfs '69. Bolivia 8545 Brazil 6% Brazil 6% Brazil 7s. Bremen 75 '35. Chile 63 '61 Chile 75 *4 Colomb Copenhag 43553 Copenhag 58 °62. . Czecho 8s'51 Denmark 414 Denmark 5% Denmark 63 '42. Dutch East I 6: Dutch East 1 6s Fiat 7s ex war "46. Finland 6%s ‘58 Finland 6s Finland 7s ' Fram 1D 714842, French 7s '49 French Gvt 7%s '41 Gelsenk'chen 65 '34 26 German 5148 . 357 German Bk 6s 14 German Ts rep’49..162 Ger Gen E1 78 '45. Greek 6563 Hait! 65’52 Hungary T%s "44. Irish Free St 55°60. Italy 7851 > Italy Pub Sv 7862, Japanese 5%s'65. . Japanese 6%48'54.. 75 Jugosl Bank 78'57. 7 Kreug & Toll 5859 158 Lyons 6s'34. Marseille 65 '34. Mex 45 asstd 1910 Milan 6%s'52..... Montevideo 65 '39. New S Wales 6557 ew S Wales 6558 Norway 55 °63..... Norway 5155 '65. Norway 6s Norway 6s’ Orlent dev 514858 Orient dev 63 53 3 10 63 e % anESan awno = Peru 6 Peru 6 Peru 7s Poland 6s '40 Poland 78 *47 Poland 85’50 Queeniand 6547, Queenland 7s "41 Rhine West 65 " Rhine West 65 '53. . Rio de Jan 6158 52, Rio de Jan 85 '46. R Gr De Sul 65 '68 R Gr De Sul8s '46. o rEJURPY > Joyuery Roy D 45 '45 ww. Sao Pau 7s'40 rey a0 Paulo 85736 0 Punlo 8s '50. Saxon Seine Serb: Shinyetsu 6358 '52. Sweden 515854, Swiss 534846, Toho El Pow 63 °32. Toho El Pow 78 '65. Tokio 5%s Utd King 5 Jruguay 6s'60. Uruguay 8s '46. Vienna 6s 52 Warsaw 7558 Yokohama 68 '61. Abitibl P & P 5553 Adams Exp 48'48. . Allegheny 58 44 Allis-Chalm 68°37., Am Ag Ch 734841 Am Beet Sug 653 Am F P 58 2030. Am1GChbigs'49. Am Int Cp5l%s'49. Am Metal 5355 '34. . Am N Gas 613842, Am S&R 1st'5s 47, Am Sug Ref 65'37. Am T&T cv 45839 Am T&T 5365 Am T&T c tr 53 '46. Am T&T 5s8t'60.. Am T&T 5%s 43. Am W Wks 55°34. . AmWat Wk 65 ‘75 Am Wr Pap 6547 Arm & Co 415339 Arm Del 5%35 43, At Ref deb 55 '37 Cert-td deb 53 '48 Chile Cop db 55 "47. Colon Oil 6838, ... Col G&E 58 Ma 6 C Am Sug col 8s 31 Bell Tel Pa 55 B '48 Bell Tel Pa 55 C '60. Beth Sieel pm 55'36 Bk Ed gn A §5°49.. Bush T Bldg 58 '60. Denver Gas 58 '51 Det Ed G&R4 %5’ Det Ed rf 65 B '40.. Dodge Brcl 68 40.. Gen Motors 6s ‘37 Gen P Sv 518 '39. . Gen Th Eq 65 '40 Goodrich cv 65 '45. Goody'r Rub 58 '57. Humble O11 58°37. . Hum O&R 5145 62. MBTI1stpfisA.. Inland St 4348578 . Int Hydro El 65 '44. Int Maich 5847 Int Pap 5s A *47.. Int T & T 43%s°5: Int T&T cv 4%s Int T & T b8 '55. Kan C P&L s A ‘52 KanG & E 4155 '80. Lackaw St 53 '50 Laclede % C 5 Laclede 51,8 D '60.. Lautaro Nit 6s 54. . Lig & Myers 58 '51. 20 Loew’ war 41.. Loew's 68 ex war. . Lorillard 68 '51. ... Lor'llard 5%s '37.. Lorillard s ‘44. LouG & EI 62.. McKes & R6%s '50 McCormack 68 '34.. Midvale Stl 63 °36. . Mont Pow 58 "43... Nat Dairy 53848 Nat Rad 6%8°47.... NY ELH&P 58'48. . N Y Edison 63 B 44 or Am Ed 5158 NorOT & L 6s'47. Nor St Pw bs A ‘41. Pac T&T 1st Pan-Am Pe Paramount Pathe Exch Peoples’ Gas bs. VAR ARBNA—RAN Low. 1 Close. 101 26 10227 108 20 101 21 105 10 107 14 18 High. Low. Close. 9lia 91% 9114 9y 57 60 58% 106 26 964 1034 109% 113% 110% 31 27 41 6274 6314 bl 9615 106 20 8014 98 67% 95 100 110% 97 101% 106 102% 102 858 821 8% 943 1078 121% 12614 9214 ki 84% 102% 100 87% 95 102 102% 988 9% 94% 105 81% 92 104% 104% 86% 78 56 5l 10214 103% 1051 1021 925 9814 104% 63 8% 7% 91 1% 91w 914 521 567 56 106 8514 96 1034 109 113% 110% 30 26 40 6215 63 65% 964 105% 9 915 7% 67% 4% 100 110% 97 101% 108 1023 102 854 824 8814 86% 797 811y 58% 76 424 704 87l 91 81% E6ly 71 86% 107 81 88% 1054 106 9% 9Bl 924 106% 813% 102% 88 62% 9% MISCELLANEOUS. 1% 87% 84% 101% 104% 42 843 100 924 9274 3615 102y 104 130% 106% 106 106% 108% 102 4 1043 10274 10274 60 105% 5 1109 £91y 88 971s 109% 104 80 101% 1024 104% 101 18% 109% 106 114% 103 107 112 103% 102 105% 103 104% 102 97 3 1y 90 76'% 102% 37 95 62 981 95% 106% 97% 108% 1121 1023 106 102 101% 101% 105 88% 103% 93 T1% 69 B9% 101% 1021 105% 958, 91 o T1% 82 928 8414 105% 95 103 102 102% 59 105 110 991 8874 97 109% 10374 9% 101% 102% 104% 1007% 17% 109% 106 114% 103 106% 111% 103% 102% 1055 102% 104% 102 87 67% 91 91% 1 9% 52% 567 56 106 8514 968 103% 109 113% 1104 30 26% 40 6214 63 6544 96% 1057 79 0% 974 67% 94% 100 110% 97 10i% 106 1028, 102 85% 108% 1124 1023 106 102 101% 1014 106% 88% 108% 93 72 6914 90% 101% 1021 105% 5% 91% o T1% 82 93% 854% 106% 95 103 102 102% 60 105 110 9914 8874 97% 109% 103% 9% 101% 102% 104% 101 1B 109% 106 114% 103 107 112 103% 102% 105% 1027 104% 102 97 69 - B 108% 108% 1085 . The FINANCIAL. ce Sales. High. Phila Co 53°67..... Pnila & Read 65 ‘49 Phila Pet 51, '39 Pillsb F M 63°43... PosTel &C 53 Pub Sv G 43867 Rem R518 A 47 Rich Oll cal Shell Un Of1 58 °47.. Sinclair OIl 63 : Sine O 7s cv A '37 Sine Cr 0 5%x'38.. Sinc PL 58 '42.... Skelly Oil 515539 Solvay Am 55 42 Sou Bel T&T 55 "41.. SW Bell T 55 A "54.. StOIlNJ58"46.... StOUNY 4%s8'51. Tenn EI P 63 A "47.. Tex Corp cv bs ‘44.. Unit Drug cv §s '53 U S Rub 18t 53°47.. Jtah P & L 68 '44 Utll Pow 5859 ww. Util Pow 5%8°47.., Vert Sug 1st 7s'42. Warn Br Pic 65°39. Warn Quin 65°39. .. Warner Sug 7s '41.. West El deb 5844, West Un Tel 55 '51. West Union 5 '60. . West Un T 6%3'36. Wh Sew Mch 6540, Wick Sp S ct 75 '35, Wil & Co 1st 6541, WinRAT%s'41. Ygstn Sh&T 58'78. 12 100% 12 82 103% RAILROAD. Atchison adj 48 "95. Atchison gen 4s°95 Atchigcv4is 4l Atch Ariz 41,862, At & Bir 4533, AtC Lcol 48" AtCL1st4 B&O4s'48.. B&Ocv 415533 04%s°60 B& B& B& B& B& i B & O Swdy 68'50.. Ban & Aroos 43 ‘51, Bos & Me b5 '65 Bos & Me 55 '67 Bkiyn Elev 6145 Bklyn Un 1st 58 BKlyn Man 6 Can Nat 43554, Can Mat 41 . Can Nut 414568, (:’n Nat 4% s’ Can Nat 6s July Can South 55 '62. n Pac deb 4 nPac 4% j n Pac 4145 '60 Can Pac 53 ctfs Cent of Ga 55 C Centof Ga 5%s'59. Cent Pac 45°49. . Cent Pac 55 '60. Cen Ry NJ g 58 Ches Corp 55 '47 Chi& O 448 A'93.. Chi& O 4%sB'95.. C&Ocon5s'39.. Chi & Alt 3s. o CB&Qgen4s's8.. CB&Q4%s'T7 CB&Q 1strf58'71. CB&Q I1dv 315849 Chi & Eas 111 58 '51. Chi Grt West 45’59 Chi In&L gn 58 '56. Chi M & St P 4589, Chi M&StP 414 E. Chi & NW con 4%s. Chi & NW 61458 '36. Chi Rwys 58 27 Chi RI&P gn 4s'88. Chi R1& Prf 4s'34 ChiR1lcv41%s'60. ChiRI&P4%sA, Chi Un St 5344 C& W Ind cv 4s°52. C& W Ind 5%s 62, CCC&Bt L 4%sE. . C U Ter 4155 2020. . Clev Term 43357 Colo & Sou 413835, Colo & Sou 4155 '80. Cuba R R 55 5! 3 Cuba RRrf 713836 Cuba Nor 5%s°42. . Del & Hud 5% '37. D& R Gr gn 4s°36. D&RG W 58'55... Erle con 4s A '53. Erie Gen 4; Eriecv s Erie 5875 . Erie & Jer 63'55. .. Fla E Coast 55 '74.. Grt Trsfdb6s'36. Grt Trunk 7s '40. Grt Nor 434576 Grt Nor 4%s Grt Nor gen 7. Gulf Mobile 55 '50. . Hud & M adj 55’57, Hud & M r£ 58 8Y.. 111 Cent 4% 5 °66. 111 Cent 55 '55. . 11 CCStL&N 4%, Il CCSL&N Int Rap Tr &8 Int Rap Tr st Int Rap Tr 6s '32 Int Rap Tr 7s 32 Int & Gr Nor 55 '56. Int & Gr Nor 6s'52. Int& G Nad 6s°'52. Kan CFtS&M 4s'36 Kan City Sou és '50 Kan City Ter 45 '60. Lake Shore 45 '31.. Leh Val cv 45 2003, LehV cv 41652003 Leh Val 5 2000.... . & N uni 45’40 L &N 41332003 Market St 7840, Mich Cen 473 Mil E Ry & L 58 M StP&SSM con 4s. MSP&SSM 53%5°49. MSP&SSM 5%s '78. MK & T adj 5 '67. MEK&TprinssA. Mo Pac gen 4s Mo Pac 5s F Mo Pac 55 G 78 Mo Pac 53 H '80 Mo Pac ref 55 '8 Mo Pac 5lgscv '49. Mont Tr 1st 55 °41. . NOT&MGbs A'35. NOT¥ M5l N Y Centab 4s '3 N Y Cen4s'98... Y Cent 4542 NYCreim 65 2013, N Y Centdb 65 '35. NY CLS cl 8138 '93. NY C&StL 43%5°7 NYC&StL6s'32. NY NH&H 3% 54. NY NH&H 33556 NY NH&H 4%s NY NH&H cv db NY NH&H clt 6s. NY O&W gn 4s'55.. NY O&W 1st 45'92, NY St Ry 45 62 NY W&B 41:5'46 Nor & Wn cv 45 '96. Nor Pac 38 2047 Nor Pac 4897 Nor Pacr16s Oreg-Wash 4s Penn 43 '48 Si Penncv 4%s Penn gen 435 '65. .. Penn 4% s '63. Penn gen 5 Penn 58 °64. .. Penn O&D 4% Peor & E 1s Pere M 1t P&W V4%sC60. Por R L&P 11846 Read g0 4% s A 97, Reading 4%4s B. Rio Gr W 18t 4 RIAT&L % StL IM R&G Chi M StP&P 5s 75 118 Chi M & St P adj 5s 481 16 961 22 994 1 120%% 2 10414 1 504 10 91 1 96% 6 978 31 1011 46 97 17 103% 17 103% 24 109% 2 9Ty 13 1044 8 8914 84 102% 40 102% 11 75% 3 87 83 101% 5 98% 2 9’% 6 99% 38 101% 6 105'% 6 105% 5 106% 5 8% 1101, 26 9 2 1041 12 92 2 99 1 97 13 10415 20 112% 14 100 2 1007 20 101% 5 105 2 92 2 984 16 103 5 1093 4 91y 8 45y 16 69% 4 87 10 86% 1 9514 2% 29% b1 91% 4 1084 651 937y 991 90 3 9315 2 105 13 9015 6 106% 12 101 12 104% . 30 10314 19 101% 24 95%, 4 63% 2 73 17 434 1 104% 5 8 12 1 4 31 26 110% 8 25 4 107% 14 1115 3 984 9 9Bl 87 1111 5 87 7 78 15 99% 12 97% . 31 104 2 9% 704 0% 56 90 81 88 42 65 7T 9% 10 101% 10 95% 5 100% 51 88% 7 100% 5 106 8 984 © 51 1005 7 96% 11025 16 101 6 88% 1 66 23 983 11 94 8 10315 26 72 45 947 16 945 6 94% 48 95w 14 99% 5 9918 2 98 3 98 " 11 100% 5 96 1 987 2 107 5 107 10 83% 133 92% 3 101% 2 8% 3 19% 9 9% 1116 4 105% 2 38 3 2% 12 681y 75 951 23 113% 38 95 10 99% 2 105 4 102% 69 98 32 101% . 25 109% 26 105 7 109% 5 100% 10 85% 7 104% 20 101% 93% 1074 3 102% 5 102% 7 W o2 1003 33. 61" StL&STFindsA..122 StL&SF4%5'78. 103 8 St L&SF prIn 5s B., 11 101 StL S W 1st 4 BtP UnDep 55 33 3 86 RETEE Low. 100% 81% 871 105 70 1034 8715 6415 84 105% 104% 103 10915 284 8% 100 2% 1021 Close. 100% 811y 8744 108 T0% 103% 88% 65 8414 a5 9874 102 100 swocseemav] (] PRICE TRENDS Star CONFUSE INDUST Sinclair’s Reduction Aroyseg Fear of Sharp Drop in Crude Market. BY BENNETT WOLFE, Associated Press Staff Writer, TULSA, Okla., February 19.—Clpuds of uncertainty have gathered to dim whatever rays of hope the midconti~ nent oil industry had been able to ate tract lately from the sun of prosperity, Developments in the past week, oute standing among which was Harry F. Sinclair's posting of & new 16w price for crude ofl in the Oklahoma City field, have increased apprehension in this ofl capital as to what the ime mediate future holds. The Sinclair move, regarded gen- erally by other oil men as a continua- tion of his fight on Oklahoma prora- tion practices, has added to the shakiness of the crude oil market and fears of a sharp reduction in prices are being voiced. Sinclair Offer. Sinclair offered 67 cents a barrel, nearly 40 cents under the prevailing posted prices, for 50,000 barrels daily of Oklahoma City oil. Oil men say Sinclair refineries need more oil than they have been getting since the sale of the Sinclair Crude Oil Purchasing Co. to the Standard Oil Co. of In- diana. In makjng the offer Sinclair declared attempfs were being put forth “to maintain a higher price in Okla- homa City than competition justifies.” ‘The unsteady crude market is not the only thing disturbing oil men. A weak gasoline market, accumulation of increased gasoline stocks and increased crude oil production are other dis- couraging factors. The gasoline market slipped again yesterday, midcontinent refiners quot- ing the United States motor grade at 37g to 5 cents a gallon, cr one-eighth of a cent under Monday's prices, These quotations are on tank car lots, f.0.b, the plants. American Petroleum Institute figures reveal an increase of 402,000 barrels in the country's gasoline stocks last week. This gain boosted the total stocks to 42,859,000 barrels and lessened the pros- pects for the industry to enter the Spring season with stocks undes 40,000,- 000 barrels, the figure recommended as ample inventory by the institute’s Com- mittee on Economics. The institute reports the country'’s daily average crude oil production in- creased 11.200 barrels last week, totaling 2,127,700 barrels. The “stripper” well problem, although diminished, remains as another question mark. Several thousand small oil wells in Southeastern Kavsas and Northeast- ern Oklahoma, called “strippers” be- cause their production had ceclined, were cut off from market January 1 by the Prairie Oil & Gas Co.’s withdrawal as a purchaser of crude oil . New Outlets. New market outlets have been ar- ranged temporarily for the bulk of this production in order to prevent destruc- tion of these properties, but several hun- dred of the small steady wroducers, many of which have been helping to give the world oil for 30 years, are still in_distress. _With these and other vexing ques- tions, the mid-continent oil industry awaits anxiously the developments of the days to come. While leaders have expressed confidence in the ability of the industry to hurdle the obstacles ahead and emerge eventually in a read- }Iels{fi?hlnd strgr‘nlger ‘posmon. they still el the immediate future is to brin trying times. % [DRAWBACKS IN DOLE SYSTEM ARE CITED Thorpe Says British Practice Has Kept People Patient With Idleness. By the Associated Press. Some disadvantages of the dole sys- tem as an aid to unemployment and distress were recounted in a recent radio talk by Merle Thorpe, editor of Nation's Business, official organ of the Chamber of Commerce of the United States. Mr. Thorpe said the system, particu- larly as applied in England, kept peo- ple patient with idleness and encour- aged them in the belief that they will be kept comfortable, or at least alive, even if they never do a stroke of hon- est work. In addition to killing initiative of the ! younger element, Mr. Thorpe said there were many instances whereby laborers could, by remaining idle, draw down more money weekly from the dole than could be gained by toil. With this con- dition existing, he said, there was little incentive to continue in their jobs. “Perhaps the worst abuses are to be found at the docks in the various ports.” Mr. Thorpe said. “Owing to the peculiar character of dock labor, it is provided in the law that no qualifying period is necessary, so_that if a dock worker is unemployed for a single day the can draw the dole for that day. 9674 1025 101 888 66 97% 94 1035 72 9474 9415 94 9514 9914 9915 98 97 100% 964 | 987 107 107 838, 923 | 101% 8% 7913 943 116 105% 38 424 813 86 98 6814 954 113% 94%4 991y 105% 102% 98 10114 109% 1047 109 100% 85% 104% 101% 93% 10735 This has led the dock workers to ar- range rotation of employment. Even if an employer wants to employ a man !full time he is not allowed by the trade junion to do so. The work is shared out and earnings and dole are thrown into a pool so that all may share alike. BUSINESS GAINS NOTED. NEW YORK, February 19 (#).—Fig- ures now becoming available indicate that business registered moderate ex- pansion in January over the usually low level of the preceding month, a survey by Standard Statistics Co. says. “Our index of the volume of industrial pro- duction, as preliminate computed, ad- vanced 3.3 points as compared with De- cember, from 87.7 to 91.0.” the survey says. “February seems likely to run fairly close to the same level of activity. March and April should show still fur- ther improvement, but moderately so. Thereafter a sagging tendgncy seems likely to develop. SILVER QUOTATIONS. NEW YORK, February 19. (#).—Bar silver, 27. Sales. High SanA & A P4s'43.. 10 Seab A Lrf4s’49.. 3 Seab A L 4s st 50, . Seab A L cv 6s '45. . Sea All Fla 63 A '35 Sou Pac ref 48 ‘35. . Sou Pac 4%s '68. Sou P 4%8 69 ww.. Sou P&Or 434517 Sou Ry gen 45 '56.. Sou Ry 58 '94. Sou Ry 65 '56. Ter As St L 4s°'53.., Tex & Pac 58 C ‘79.. Texas Pac 5s D '80. Third Av ref 4s°'60 Third Av adi 5s°60. Tol St L & W 4550 Ulst & De 5s ctf '28. Un Pac 1st 4s'47... Un Pac 4s '68. Un Pac 4%8°67.... Un P 1st ©f 55 2008 Va Ry 1st 5s 62, Va Ry & Pow 5834 Wabash 1st 65 °39. . Wabash 2d 55 39 1 Wabash 58 B*76... 10 Wabash s D*80... 35 Wabash 5348 *7 West M4 4s °5: 80 16 10 3 15 46 4 20 . 10 2 1