Evening Star Newspaper, February 24, 1931, Page 14

A—14 wx» LIQUID MORTGAGE MONEY ADVOCATED Concentration of Funds in Banks Held Drawback to Business Recovery. BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK, February 24.—The February issue of Building Investment contains an article entitled “Liquid Depression,” in which the writer at- tempts to show that the weakness of business today is not due to the lack of money in the banks, for there is plenty of money there—hundreds of millions of idle dollars—but available only for short term loans. “Commercial (short term) credits are, in themselves, without sufficient momen- tum to wurn over the business machine,’ the writer says. “The money doesn’t stay in circulation long enough and the long term loans—the mortgages—for two Or more years are !mvned upon as representing frozen funds. Here we have a pll’ldox Funds in- vested in mortgages increase the amount of money in circulation, for over 50 per cent of the building dollar (and therefore nearly all of the mort- gage money) goes direct to the mechanic and is re-circulated in ex- change for goods. But still mortgage money is hard to get. Building Investment answers its own query by saying that what is needed at the present time is some plan to make mortgage money much more plentiful and cheap. Engineers Study Noises. Acoustic engineers of the Western Electric Co. are studying the noises in the New York City subways to de- termine what can be done about them. A noise abatement commission studied the subject some time ago, and sald that the loudest noise in the subway is heard outside the cars and is made by a subway express passing a local subway station. The Western Electric engineers are not so sure of that. Here's the way the engineers reached their opinion: They set up instruments in an old subway car, and made the tour.of one of the lines hitched onto & regular train. They took along with them a noise meter, a sound filter and two microphones for recording pur- poses. The microphone on the inside of the car recorded more noise than the one outside. Visitors from outside New York City, entering the subway for the first time, are appalled by the noises and the con- fusion everywhere. But old residents of the city are unconscious of all this, and calmly read their newspapers, books and magazines. ‘The remarkable thing about it all is the adjustability of the human mind to meet most any condition in life. | Motion Picture Census. There are 82,259 motion picture the- aters in the world. That's the estifnate of C. J. North of the United States De- partment. of Commerce. More than one-third of the total, or 35,231, are registered in\ the United tes. These, in turn, are divided into 22,731 silent-ilm and 12,500 sound- picture theaters—nearly twice as many silent-picture theaters in the country as sound-mcbul‘g theaters. Germany, England, Prance, Spain, Ttaly and Russia, in the order named, have the greatest number of silent-film theaters; although sound is being in: stalled almost as rapidly in these n: tions as they have in the United States. At the present time sound theaters are distributed throughout the world as follows: United States, 12,500; Europe, 5401; Far East, 905; Latin America, Canada, 450; Africa, 110, and Near And yet it was only three years that the sound film began its memrlc rise. Bonus Payment. A Middle Western banker has written to tell me why big business is so l'.ron(ly opposed to cashing bonus He says: “High finance, chu‘c!zr- istically, favors an endless succession of unmitigated inflation followed by unmitigated deflation. A bonus would spoil the freeze-out of debtors now in progress and the desired further bar- gain-grabbing by holders of llquld funds. Hence the opposition by some bankers, in contrast to the secret favor of many industrialists. In the background is, of course, the opposition to assessing upon Federal taxpayers the social cost of the technological unemployment created by the ‘labor-saving’ exploits of the in- dustrialists in the unremitting pursuit of profit. Here is a concentrated piece of loose | dynamite in a few lines, Movie Development. Terry Ramsaye, editor of the Motion Picture Herald, says that there's only one fixed stable certainty about the| industry—and that is that it will be different. “The peep-show became, through the g%mctmu machine, the vaudeville act. e vaudeville act became the news- reel. The news-reel became the drama. ‘The drama became the feature, The feature became the super-feature, or, as they call it, the epic, and the epic became a pain in the neck.” With regard to sound, he says that although it has been a growing factor for several years “the industry is prob- ably not concretely aware of what has happened. “It was at least four years—perhaps Jonger—after Adolph Zukor promoted Barah Bernhardt in ‘Queen Elizabeth’ that the industry, as a whole, was aware the era of the feature picture had arrived—and that was only 18 years ago. “Now in the offing, and temporarily on the ice perhaps, are ecolor, the wide screen and televisiol Chaotic China. China continues in a chaotic state. Her representatives throughout the world are_attempting to work out a plan for silver stabilization, but nothing definite has been arranged so far. In the meantime the Mexican dollar continues to drop in price in China. It reached & new low in Shanghal of 19.79 cents gold vesterday. China is hopeful that the American Benate will take the lead and bring out an internatonal effort to stabilize the price of silver (Copyright, 1931 by North American News- peper Alliance.) Railroad Stocks. NEW YORK, Pebruary 24 (Special). —The recent backwardness in railroad stocks was the only bearish technical influence preventing traders from join- ing the upward movement in the stock market. This situation was corrected on Saturday when the rail average, like that in industrials and public util- ties, forced its way above its previous high and evidences of vigorous buying appeared in Baltimore & Ohlo, New New York Central, Chesapeake & Ohio and Pennsylvania. The impression was held today that the demand came chiefly from specu- lative sources and was not encouraged by banking interests, which can only see ahead a period of very poor earn- ings to carriers in the first half of this year and the probability of dividend re- ductions by companies that were able to pay such dividends in 1930 in spite of heavy losses, but will not consider 3 policy to go on dipping into surplus in order to pay dividends not now being earned. —e- ' U. 8. TREASURY BALANCE. The United States Treasury balance, snnounced today as of close of business Pebruary 20, was $158,608,810.01. Cus- toms receipts for the month to date o $19,186,316.97. Total ordinary es, $7,658,772.55, FINANCIAL. NEW YORK STOCK EXCHANGE THE EVENING STAR, WASHINGTON, D. C., Received by Private Wire' Direct to The Star Office. " (Continued From Page 13. Stock ana Sales— Dividend Rate. Add 00. High. Low. 121% 119% Jones & Laug pf (7).110s uw. 121% 121% 121% 27 1 1% 1% % Jordan Motor Car. 35 Klnlcfly Sou (5). 85 Kelly-Spr T 6% pf. ov. Kelly Spr T 8% pf. 45 Kresn (s H) (1) 20% Kreuger & T (a. ) 18 Kroger Groc&Bak(1) 77% Lambert Co (3) 11 Lane Bryant (2 3% Lee Rubber & Tirs 13% Leh Port Cmt (1) 53 Leh Valley (3%) 6% Leh B4 24 87 Ligkett & Myer ( 83 Lizg & Myers B (16). 23'% Lima Locomot (m2). 28% Link Belt (2.40)..... 41% Liquid Carbonic (4). 45% Loew's Inc (3). 1 2% Loft Inc 43% Lgose-Wiles (12.70). 118 Loose-Wiles 1st (7). 11% Lorillard (F) Co... 3% Louisiana Ofl. . 27 LouG&EA (1%). 90% Louis & Nash (7).... 11 Ludlum Stes e 19 MacAn & For (2.60). 84 McCrory A (2). 35 McCrory B (2). 20% McIntyre Porc 71% McKeesp T P (1434). 13 McKesson & Rob (1) 31 McKes&Rob pf(3%). 7 McLellan Stores. ... 35% Mack Trucks (4).... 83 Macy & Co (nt3). 5 Mad Sq Garden (80c) 20% Magma Copper (3). 2% Mallison & Co 3% Manati Sugar. 32% Man Elev mod g (45) 7% Manhat Shirt (1) 19% Marine Mid (1.20). 3 Market St Ry 24 pf.. 23 Marlin Rockwell (14) 5% Marmon Motor Car.. 23% Marshall Field (23) 23% Mathieson Alkali (2) 20% May Dept Strs (234). 5% Mavtag Co 16% Maytag Co 6 Mengel Co 10% Mexican S 7% Miami Copper. 13% Mid-Cont Pet'(2) 30% 421 Midland Steel (3) T4 4% Minn Moline Pow. .. 40 Minn Moline pf (6%) 20 Mo Kan & Tex (a3).. 70 Mo Kan & Tex pf (7) 30% Missouri Pacific 861 Missouri Pac pf (5). 10% Mohawk Carpet. ... 20 Monsanto Ch (§1%). 15% Montgomery Ward. . 51 Morrell & Co (4.40).. % Mother Lode. ... 5 215 Motor Meter G & B. 30 Motor Produets (2). 14% Motor Wheel 13)... 8% Mullins Mfg 36 Mullins Mf 11% Murray Corp, ....e. &7% Nash Motors (4)... 7 Nat Acme (80c) 3w Nat Bella Hes: Nat Biscuit (2.80) . 29 Nat Cash Reg A (3). 381 Nat Dairy (2.60). 19% Nat Dist Prod (2) 26% Nat Pow & Lt (1) Beon S oS nbiae 107% Nat Supply pf (7) 41% Nat Surety (5) 104 Nevada Copper (1).. 110" NO Tex & Mex (7). Newport Co (1) N Y Raflways pf... 100 N Y Steam pf (6)... 1208 111 N Y Steam 1st pt (7) 10s % -6 Norfolk & Southern. 2 200% Norf & West (112).. 3 4% North Am Aviation.. 120 62 Nor Am (b10% stk) North Amer pf (3). 43 Northwest Tel (3). % Norwalk Tire & Rub. 15% Ohio Ofl (1) 3% Oliver Farm Eq new. 3% Omnibus Corp. . 22 Oppenheim Col (3). 52% Otis Elevator (234) 124% Otis Elev pf (6) 10 Otis Steel. 106 Outlet Co pf (7) 33% Owens 111 Glass 454 Pacific Gas & El (2). 50% Pacific Lighting (3). 26 116% #Pacific Tel & Tel (7).130s 36% Paramount Pub (4) 5% Park & Tilford. 1% 1% Park Utah.. 4% 3 Parmelee Transport. 4 1% Pathe Exchange 3 Pathe Exchange A. 14% 10% Patino Mines. . 3% Peerless Motor Car 37% Penick & Ford (1). 28 Penney (J C) (3).. 3% Penn Dixie Cement. 56% Penn RR (4). 23 Peop Drug Stri 200% Peop Gas Ch (8). 16% Pet Milk (1%). 6% Petrolm Cp of Am (1) 19% Phelps Dodge (2). .. 52% Phila Co 6% pf (3) 7% Phil Read C&l.... 9 Philip Mor & Co (1. 12% Phillips Pet (2). 19 Pierce-Arrow A (2).. % Pierce Oil 1% Pierce Petrolm (10c) 26 Pilisbury Flour (2). 14 Pitts Screw (1.40). 831 Pitts Steel pf (7) % 13 Pitts United Corp. 150 150 Pitts Y Astab pr ). N’n 25\«- % 39% 18% 24% 1T% Prairie Pipe L 74 4 Pressed Steel Car.... 47% 35% Pressed StCpf (7).. 70% 63 Proct& Gamb (2.40) 5% 2% Prod & Refine 15% 11% Prod & Refiners pt 86% 72 PubSvNJ (3.40). 984 95 PubSvNJpf(5).... 115% 109% Pub Sv NJ pf (6).... 182% 128% PubSv NJ pt (7). novg 109% PubSvE &G pf (6 49% Puliman Corp (4). 2 % Punta Alegre Sugar. 11% 8% Pure Of! 101% 95% Pure Oil pf (8) 49% 38 Purity Bakerles (¢). 22% 12° Radio Corp.. 55% 34% Radio Corp B (5) 22% 16% Radio-Kel! 61 57 RRSecICstkC (4). 10- 26% 18% Raybestos Man 2.60.. 30% 25 Real Silk Hos (3). 18% 15% Rem Rand (1.60).. 8% Keo Motor Car (40c). 12 Republic Steel. . 2915 Republic Steel pf. 11%s Reynolds Metals (2). 5% Reynolds Spring. . 70 Reynolds Tob A (3). 40% Reynolds Tob B (3). 2% Righfield 5% Rio Grande OIl. . 16 Rossia Insur (2.20). 37% Royal Dutch m1.3404 High. Prev . Low. Close. Close. 48 % Stock and Dividend Rate. 8% Safeway Stores (5).. Safeway pf (6)...... Safeway Strs pf (7). St Joseph Ld (2) St L-San-Fran (8)... 2214 St L-San Fran pf (8) 2 23 Schulte Sharp & Sharp & Shubert Stmmon Stnclatr Sloss Sh. Spencer Stand G Stand G Stand G Starrett Sterling. Stewart Thatche Thermol; Tide Wa Tide Wa. ‘Tobacco Tobacco Truscon Real Sme! qdgqaaagaaaqa P L) Vldllcn iuf ‘Wabash ‘Wabash Woolwo Wrigley 10:30 A.M. 1:30 P.M. Dividend rates as payments based on *Unit of trading 4% Skelly Ofl. . Sloss Sheffield Steel. Spicer Mfg Spiegel-M Stand Brands (1.20). Stand Brands pf (7). Stand Comel Tob. ... Thatcher pt (3.60)... The Fair (2.40) Third Nat Invest Thompson Pr (2.40). Thompson Starrett. Thomp-Star pt (3%4) Timken Det Ax (80¢) Timken Roller {3)... Tob Prod div ctfs B Transamerica (1 Tri-Cont Corp. Tri-Cont Corp p Trico Prod (2%) Truax Traer (1.60) Twin City R Tr (§4). Twin City R T pf (1) Und-Elllot-Fish (8). $% Union Bag & Paper. . Un Carbide (2.60)... Un Oll of Cal (2).. Un Pacific (10) Un Pacific pf (4).. 6 ‘ar Chem. Car Ch Va Iron Coal & Coke. 208 Vulean Det (4) 8t L Southwestern St L Southwest pf. Savage Arms (2) Retall Stra. . Scott Paper (11.40). . % S Second Nat Inv. Second Nat Inv p! Seneca Copper Servel Inc. Sharoh Steel Hoop Dohme. ... Do pf (3%). Shattuek F G (t1%). Shell Union Ofl Shell Un O1l pf (5%) Theater: s Co. Simms Petroleum. .. Con O11 (1).. effield St D! HOI Snider Packing. Solv Am pr ww Sou P Ric Sug (1.40). South Cal Ed (2) South Dairies B South Pacific (6) South Ry (8).. South Ry pf (5)..... South Ry M&O ct (4) Spang-Chal pf (6)... Sparks Withing (1).. bt Kellog (30c) Stern. . &E (3%).. & E pf (4) & E pf (6) Stand Invest Corp. .. Stand O11 Cal (h2%). Stand Ofl of Kan (1) Stand OII N J (12)... nd Ol N Y (1.60 (LS) (12%) SecA.. Sterl Sec pf (1.20)... Ster] Sec cv pf (3)... Warner..... Stone & Webster (3). Studebaker (1.30)... Sun Of1 (11). Sun Ofl pf (6). % Superior Ofl. Superior Steel. T-l.umgupn (1.40). Corp(50c) Texas Pac Land Tr. . r Mfg (1.60). d C ter As (60c). tAspf (6).. o Products. .. Prod A t95¢. » i wumZoEBanS TnnRanwnnten Stl (1.20).. United Corporation. . Unit Corp pt (3) Unit Eleetric Coal. .. Unit Fruit (4).. UnitG&Impt (5).. Unit Plece D W (2).. Gypsum (1.60) Hoftman, .... Indus Al Leathar. Leather A. &F (2) y & Im (3). Rubber Rubber 18t pf. 1t & Ref (1). Steel (7).. U 8 Bteel pf (7)... U 8 Tobacco (4). D! A Univ Pic 1st pt (8).. Univ Pipe & Rad Utll PAL A (et2.15) .. Sales Corp.. m Corp (3).. v'l 2 6% pf. 1 RR. RR (A) Waldorf Sys (1%) Walworth Co (1).... Ward Baking A. Ward Baking B. War Bros cv pf ( 40 Warren Fdy & P (2). Webster Eisenlohr . Oil & Snow (2) O&Snpt(4).. 2 Pa EIpf (6). .+ 408 . 608 108 “nllln‘ E&MG).. 524 w-mnx E&M pf (5) 1008 ton El Instr (1)., tvaco Chlor (2).. Wextark Radio Strs Willys-Overland Wilson & Co.... rth (2.40). Worthington Pump. . Worth Pump A (7).. Wright Aeronaut. (Wm) (4).. Yale & Towne (2)... 4 Yellow Truck. Yellow Truck pf. . % Youngs Spring (3) Young Sh & Tube Zenith Radio. luull'l‘s—kx?llll Pac Gas & El. Mar 11 42 Sales of Stocks on New York Exchange. 900,000 1 . 3,800,000 " §iyen In the sbove table are the ann atest quarterly or rly “lers 100 TPartly exi k Brus 3% 12 '-"m:."“. m Paid this Jesr—no Tegulsr raia. EARNINGS REPORTED. NEW YORK, February 24 (#).—Tide- water Associated Ofl Co. and subsidiaries earned 16 cents a share in excess of annual df requirements of 60 cents & share 1930, the annual re- port pul showed. Net income was given as uvu 914, equal to 76 cents a share on the mon stock, compared with sumuo or $1.73 a share, on a smaller numbfl' of common in 1929. dated earned aurplu- lt. the close of 1930 !mrru-d $ 888,080 at assels were ratio of 5. 8 to ‘The Illinols Northern Utilities Co. reports net profit for the calendar of IQM ol ll lllfl! N\lfl to lll share 071 7“ fl' .1.23 . lhl.n shown as $68,925,362, and current ll.lbllltllu totaled $11,835,881, & TUESDAY, FEBRUARY 24, 1931 FINANCIAL. BONDS RREGULAR | = o BONDS o e | ' AFTER EARLY GAIN Foreign List Active—Prime Domestic Group Firm and Higher. DAY F. H. RICHARDSON. Speelal Dispatch to The Star. NEW YORK. February 24.— Bond prices today reflected the unvsual strength of stocks during early trading and later turned irregular, under switching operations from junior do- mestic issues to foreign dollar bonds. Junior bonds that were sold were mostly those in which substantial gains have taken place in recent weeks and where operators coum,fimu a profit. There was a tendency get into the high ylelding foreigns, which have not had much recovery, but which might be expected to improve sharply with any general upturn in trade and se- curities. Prime issues were unchanged or a shade higher for the most pan United States Government ", ‘Tnactive at unchanged levels, with the exception of | & shade. UNITED lTATl‘... (Sales are in $1,000.) Sales. Low. 10125 101 18 108 22 10! 10119 10119 101 30 101 10610 1053 1076 1072 1114 11030 FOREIGN. Austria 7843 Bk of Chile 6 %35 57 n-uv Pet 4‘/.- g Liberty 31;s, which sagged | € The movement to sell domestic issues | - of & secondary character brought de- clines in Alleghany 5s, American & Forelgn Power 5s, Chicago & North- western 4%s, Erle 5s, Goodrich 6s, In- ternational Match 5s, International Pa- per 5s, International Telephone 4%s, Pathe Exchange 7s, Philadeiphia & Reading Coal & Iron 6s, Frisco 4%s, Shubert 6s, Sinclair 7s and Warner Bros. Pictures 6s. All these issues have advanced 2 to 20 points from their lows and consequently show good profits to those who bought at or near the bot- tom. There was a tendency to view the bond market outlook as uncertain for the immediate future owing to the sud- den increase of activity in stocks. News developments over the holidays were of a bullish nature in foreign mar- kets. Today saw the issuance of a number of favorably worded reviews of foreign bonds. Hence there were sul m&‘fl gains in a long list of dollar High-grade corporation issues eon- tinued in demand at or near their best prices of the year. American Telephone issues were ~active and fractionally higher. Prime rails like Atchison gen- eral 4s, Baltimore & Ohio first 4s, Great Northern 7s and Southern Pacific 4148 were 4 in at firm levels. Invest- ment issues such as American Inter- national 5%s, Chile Copper 5s, Dodge Bros. Interborough refunding 5s, International Telephone 5s, Missouri- Pacific general 4s, Pennsylvania Dixie Cement 6s, North American Edison 5s, Postal Telegraph 5s and Bouthaern Rall- way general 4s were also strong. Washington S;ock Exchange SALES. Washington Gas 6s “B"—$1,000 at 105. Capital Traction Co.—20 at 361, 10 at /s, 10 at 36, 10 at 36%, 10 at 36%. Peoples Drug Stores pfd.—5 at 99%. AFTER CALL. Washington Gas 6s “A"—$500 at 101%. Washington Gas Light—25 at 12215. Memnnuler Linotype—1 at 87%, 1 at 7%, Bid and Asked Prices. BONDS. PUBLIC UTILITY. . 4tas ‘33 Amer. Tel. & Telea. 4145 43 36%, 8 at ot g Tel. of Va. s Gavitat ;rr-ugm R R s tow Barber C.h Houc‘ h .\ ase " Clu Numbia Country Club 8% Mig. 6s. mer. Tel. cnml Traction Co. §E§§: = go80EE 28 Lincoln (1: lo}raum-n 853 (9e)." /ashington ' (13). TRUST COMPANY. Amer. Becurity & Trust Co. (18) tine; Trust (6) FIRE ncuuluulc:. American (12) 2 reoran (10) o remen’s (8 National Union (i8) 'rrru: INSURANOE. 7y AR Title & Inv. Co. Md. ‘¢om. mmu.nuou 3«1 & Ross, Inc.. 1di ““"‘.' %,.m .Ya () Natl. Ses 232288 : uet B.a¥: & Lothrop com i Bthron via: % ex 27 . % extra. 4% extra. 15% extra. ©30c extra. NEW YORK BANK STOCKS | NEW YORK, Febriiary 24 (#)—Over- the-counter market: Americe TREASURY cn'rmum (Reported by J. & W. Seligman & Co.) Rate—Msturity. id. Denmark 4%s ‘62, Denmark 5% ‘65 Denmark 6s ‘42 Dutch F‘n{ Mar. Fiat 7s ex war " Finland 5% '53. Finland 6s Fram 1D %8 French 7849 French Gvt 7% Gelsenk'chen German 538 '65. C _rman Bk 6s°'38.. b- | German 7a rep 49.. 25 Ger Gen E17s 45 Greek 65 °63. Irish Fro Italy 7861, Italy Pub Sv 7s ' Japanese 5338 °65. . Japanese 6% 17 Jugosl Bank 78 '57. Karstadt 43 Kreug & Toll 58 ‘59 Lyons 63 '34. Mexico 68 A "45. ..., Milan 6%s '52. Orient dov 5148 5. Orient dev Paris-Ly M u ‘58.. Paris-Ly M 78°'58.. Peru 68 '60. Peru 6s'61.. Peru 7s ‘59, Pirelli 7s Poland 68 M R vemanReonme 85anmEna 3. Roy D 4846 ww s-o Pau7s'40 rets. 10 85 31 Swiss 5%s'46. Toho E1 Po' 6s°32 Toho El Tokio 6552, Tokio 5%8 61 Utd King 6%5°37. .au Unit 88 Cop 68’3 Uruguay » H Vienna 6s ‘52 Warsaw 78 5! Abitibl P& P bs Ab& St5%s 43, Allegheny 58 4 Allegheny 53 °49. .. Allis-Chalm 5837, Am T&T c tr bs Am T&T 5nuf°60.. Am T&T 5%8°43 AmWat Wk 6s ‘75, Arm & Co 4%n'39. Arm Del 53843 At Ref deb 58°37 Bell Tel Pa 58 B *48 h Steel pm 58'36 Beth St rf bs " Bk Ed gn A 5 Bush T Bidg 5 '60.. Cert-td deb 6% Chile Cop db 55 '47. Colon Ol 65 38 Col G&E 58 M Com Inves 53 ConGNY 6% C Am Sug col Det Ed G&R4%5'61 Det Edison 65 ‘40. . Det Ed rf 65 B '40. . Dodge Brcl 65 '40.. Duquesne 4% '67.. Fisk Rub 8s'41. ..., Gen Cable 5% 47.. Gen Motors 65 '37. Gen P 8v5%3°39.. Gen St Cas 5%s'49. Gen Th Eq 68 ‘40 Goodrich cv Good 18t 6348 "47. .. Goody'r Rub 68’67, Hoe & Co 6%s'34.. Humble O11 58°37. . Hum O&R 6%s '62.. I BT 1st pt » S N RSN ENNNE Sem BANES R eaBo oen Int T&T cv 4%s 39 Int T & T bs'55.... KCP&L 41867, Kan C P&L 63 A '52 KanG&E ¢ Lackaw St 5s LacG St L. 6s . Laclede 6348 C'63. . Laclede 6%s D’60.. Lautaro Nit 6s ‘54.. LI' & Myers T8 "44.. 18 108 19 Whm&‘l\.l-m Midvale Sti 58 ‘36 Mont Pow 68 43 Mor & Co 18t 43 Nat Dairy Close. 101 18 101 10123 1063 1072 110 30 101% 17 114% ) lll‘i Nor Am Ed 5% s '63 NorOT &L 6s'47.. Nor St Pw b8 A *41. Nor St Pw 6x B41. 107 PacG&El II 103% 104% 107% " Plfho Exch 7s T0% Phila Co bs 6’ Phiia & Read Pos Tel & C b8 Por RTam Pressed 8t C Pub Sv G 4348 Pub BY G 4%s Solvay Am bs42... Sou Bel T&T 5s '41. SW Bell T 58 A "54.. StOIINJI 68’8, ... StOII N Y 434851, Sug Es Or 78 '42. Tenn EI P 65 A *47.. Tex Corp cv bs "44.. Unit Drug ev 68 53 U S Rub 18t 68 '47.. e - » Ba maBomnemanSo o.a—....oe-..&u ~EBaan Utll Pow 6%s "47 Vert Sug 1st 78 Walworth Union 5s '60.. West Un T 634826, Wick Sp 1st 78 '35. . Wick Sp S et 78 '3 Wil-Ov 18t § Win R A 73841 Ygstn Sh&T 58 6 102% RAILROAD. Atchison adj 4s°95. Atchison gen Atchiscv4%s 41 At& Danv 4s ‘48, AtC Licol 4 Bkiyn Un 1st 68°50. BR& Pitt 434857, Cln at l%l ‘51‘ (_-n Nor 43 n 46 Cln Nor 75 deb '40. c-n Pac deb 4 Can South 68’6 Cent Pac 4849 Cent Pac bs ¢ C&Oconss’39 CB&Qgen 4 o C B&Q 1st rt 5871, Chi & Eas 111 63 '51. Chi Grt West ChiM & StP 45'89. Chi M & St P ad) 68 213 Chi&NW g 3% ChiN Wst au 37 Chi & NW con 4@, 32 Chi& NW 63%3 '36.. 1 Chi Rwys bs 27 ChiR1&P4%sA. ChiR1ev 4% 6! Chi T H Inc 65 ‘60 Chi Un Sta 4% Chi Un Sta 58 B Chi Un Sta €348 '63 CCC&SLL 4%s E CCC & St L 58 D43 gUT. 4%s2020., Colo & Sou 434580, 10 Cuba R R 6852 Cuba RR 65 ctf '3 Cuba RR rf 755 '36 Cuba Nor 5 %5 42, Del & Hud rf DRG& W st53'78 Det Unit 4345 '32 E Tenn V & G 5 Grt Nor gn 5%s '52. Grt Nor gen 7s'36.. 16 112 Gulf Mobile Hud & M rf 58 111 Cent 48’63 GRAIN MARKET CHICAGO, February 24 (#)—Grain pflcu underwent transient - setbacks 100% 101% 17 17 114% 114% 103 108 06% lllu 111% 03% 104 107 107 103% 103% 104% 104% 1073 107% 964 97 69 69 101 101 81% 81% 87 8w 2% T4 2% 4y 9% % 101% 101% 100% 100% 98 98 106% 1056% 106 106 1034 103% 100 100 10% 10% 1064 106% 100% 100% 98% 98% Tl 1% lgzv. 102% low record for the season. extent at times that quickly more ‘hn offset early declines. !ome b\g\:‘ fact corn Was en Commodlty Pncel NEW YORK, Pebruary 24 (Special), —In spite of the improvement in the metals, cotton and some of the other agricultural products, the average of decl; week even more sharply than in the previous two weeks. It now shows a mfl‘rurp oo(l ol"bmllzg m&- for the year and er com wi the average for 1 ". i INVESTMENT TRUSTS NEW YORK, !\ehrulry 24 (#).—Over- the-counter marke! Bid. Asked. e i 74% | A4 80l 104% 104% 86% 86% 90 90 101% 102 111% 111% |3 87 87 99 9% 1031 103% | Of 1074 108% 96 96% 104% 104% | Rep: 9%, 99% 1045 104% 101% 101% 101 101 105% 106% 98 98 IO:% 109% o 4 46 68% 693 | Sta 8Tk 87% 9Mh ¥ 3% 116% 116% 100% 100% 104% 1043 104% 104% 103% 108% 106} 106% 109% 109% 10135 1013 95% 95% 63 63 65 65 4% T5% 444 44y 97 97 104% 104% 9T 9% 107% 1074 % 87 T T n 5% 5% 82 82 80% 81 2% 24% 107% 1074 111% 111% % 101% 101% int Rap Tr 68 '66. Int Rap Tr sta '66 Int Rap Tr 6s '32. Int Rap Tr 7s ‘32 Int & Gr Nor 6s'52. 1 Int& G Nad6s'52. 10 INtRy CA6%s'47. 2 Kan CFtS&M 45°3¢ 29 Kan City Sou 6550 20 Kan City Ter 45 '60. 31 Lake Shore 45 '31.. 20 LehV cv 435 2003, Long sl rf 4 'u. . L&N usunva L&N1strf6% Manh Ry 1si Market St Mo Pac gen Mo Pacbs A Mo Pac 68 G 7 Mont Tr 1st 68 "41.. NOT&M5%s'54. & 107% 3 107% NYCLScl3%s l. 1 84 NY C&StL ¢%8'78, 16 92 NYC&StL6s's3. 6 101% 6. 1 T9% o 7. 21 ‘W 70 % 724 97% 98 101 101 a5 FGS irch Inv Corp. EiE €ec Int Becur Cnrrfl L Am Share: PR R - 53 38! ot 3 SHORT-TERM SECURITIES. (Reported by J. & W. Seligman & Co.) Allis-Chalmers Co, ‘American Tel. & W Wheeline Bice Gorp. Hfi 1 Wheeling Stecl Gorp. 4%s 1993 s, m‘:.. : Close: NY W&B 4'/.-‘“. 87% Nor Pac 3s 2047 Nor Pac 48°'97..... 4 Nor Pac 5s D 2047.. 103% 103% 103% Nor Paori6s2047. 10 113% 112% 112% Ogden&L Ch4s'48. 5 77 76 17 Oreg-Wash 48 '61. . 4% 9% 94% Penn gen 4 %% 102% 102% 102% Penn 4%s°70. 8 98 978 07T% 101% 101% 101% Penn Penn 6% '36. .. Penn O&D 4%s'77. 15 Peor & E 1st 45°40. P CC&StL 4%s'77. PCC&StL5sB.. P&WV4%sC’ 95 5% 100% 100% 100 100 93% 93% 98% y8% 1005 100% 10614 106% 56 58 6% 97 llb;% 101% 107 1074 106% 106% 84 84 % 92 101% 101% Por RL&P THs " 46. Read gn 4%s A 97, Rio Gr W 1st 43°39. SIL IM R&G 4s'33.. StL&SFindsA.. 37 StL&SF4%s'78. 34 StL&SK gen 5s'31.. 6 StL&SFprinbsB. 2 StLS Wev4s'iz.. ; Sou Ry 6%s'56..... 2 117% 117 Tex&PacbsC'79.. 5 99 99 Texas Pac5s D'80. 19 98% 98 Third Avref 4s°60 21, 50 49% Third Avadi 5s°60. 3 31 31 Ulat & Do Bacts” 28. 6 78% T8k T3% Un Pac 4t .30 94 94 94 UnPacrf4sicoi.. 9 96 96 96 VaRy1st6s’62.... 5 107% 107 107 Va Ry & Pow 5834, 6 108% 108% 108% Wabash 15t $2:39... 14 104% 103% 1043 Wabash 5s D 4 9% 92 92% Wabash l%