Evening Star Newspaper, March 12, 1931, Page 15

FINANCIAL. ld in one Divic 21% 114 Amlated Frnd] 0 9% All Am Gen Corp. % Allied Avi; 4% Allied Mills (80¢) 1% Allied Motor Indus. . Market Steadies After Lower Opening—0ils Continue Decline. 06% AluCoof Am pf (6). - Am Austin Car. Am Book (7). Am British & Cont. Am Cit PAL B b10% . AmCom P A (bslofi) 4 BY JOHN A. CRONE. Bpecial Dispatch to The Star. NEW YORK, March 12.—After open- ing lower today, the Curb Exchange u-d.\ed but trading proceeded at a rubllc ‘utilities, in point of volume, featured dealings, but, their fluctuations ‘Were narrower than in recent sessions. Electric Bond & Share at times was down about a point. e S utilities such as udson, Easf States Power Bhl{'l‘dr‘ Plurr. moved slightly lower. O Service was off about a half point on & small ;.Humover in the forenoon. Am Lt & Trac (2%) Am Maize Prod (2).. Am Maracaibo. . Am Natura] G Am Superpcw (lflt) . Am Superp 1st (6).. Am Util&Gen (B)vte Am Ut&Gen cupf 3 Am Yvette new wi Ark N G cu pt (‘Dc) . Armstrong Cork (1). Assoc El In Ltd 30s Asso Gas&El A (a2). Assoc G & E pf (5).. AssecG&EAdbrts Assoc G & El war. Ass00 G & E pur rts. AssoG & Elct ( Assos Rayon ot (6). Atl Coast Fish Atl Secur Corp. Atlas Util Corp. Aviation Cp of Am.. Bahta Corp....... . Beneficlal Industries. Bickford's Inc (1.20) dlue Ridge Corp. Blue Ridge cv pfa Blumenthal (8) Bourjois Inc. . Braz Tr & Lt (bl%). Brill Corp B. . Buft N&EP nf Q. 0). Burco Inc war. . Burma rets 127 3-5 Cable & Wire B rets. 1% Canada Marcon!. 3% Carib Syndica 221 Carnation Co (: 18% Cent&Swn Ut (b7%) 17% Cent Hud G&E (80c). 14 Cent Pub 8vcA b10% 9 CentStat El (b10%). Ms Centrifug Pipe vl:c), paraiso and ld- moved into new low Ol of Indiana, on and International Pet.mleum equuled their previous low leveh Further gasoline price cuts also settled the miscellaneous petroleum list Chicago, Burlington & Qumcy stoek today for the first time was traded i on a New York exchange, when 10 shares opened on the curb at 19! Mon of the sales thereafter were in 10- lots, the stock at times being uowd t 194 to 196. Of the 1,708,391 lhll'u the public holds only 26,654, the Hill flnlfm alone owing 6,713 shares. A ielr ago a sale at auction of eight lin‘mn shares brought $220 a share. forthern Pacific and Great Northern eu:h hold 829,337 shares, and Northern ties Co. owns 23,063 shares of Burlington. Pennroad Corporation was most of the day as a result of its lllo eaming report showing net of 49 cents a share. balance sheet shows Pennroad B mBeme Brnen~ B increased its New Haven since last Apfll from OCIM'I shares had 402, e BT TN =IO RO oo Commerce C ted Pegnroad paid $4,523,838 for its holmn‘s of Seaboard, which is now in During the year Penn- |m 194 105 Childs Co pf (7). The cut of one-half cent a pound in 15 Citles Service (g30c) 128 the copper price offset the fa- t (6] 1 vorsble monthly statistics as a market rww:‘ Mines B uns':;oup.“l:" u::lnl use which showed $1.71 a share In 930 against $1.91 in 1929, Profit-f came into the amuse- mg: ‘m(np. Mm{ General Th:; ”“ erred, which at some stages o mnrkm et wmam about 4 polnn 48 b COIOH lGll'Ic. aee 16% Columbia Pl (f1%). 10 Consol Laund (1).... 5 Consol Gas Ut B vtc. 6% Contl Chicago Corp.. 6 40 Cont !hlril conv pf. l'lBl 8% Copeland PrincA... . 6 5% COrd COTp. . ceev..om 40 40" Cor& Rey pEA (8- 2% Cosden Oil..... 3 Creole Petroleum. 3% Cresson Consol (4¢). 7% Crocker Wheeler., 7 CrCorkiIntA (1). 27% Cuneo Press (23%)... % Curtiss Wright war. "::s:s"EtE ASpaisch alact plac Gi - s i Detroit Atrcraft Cp.. 5% Doehler Die Casting. Douglas Afr (11%).. Dresser Mfg B (2) Driver Harris new. .- Dublilier Cond & Rad. 2823838! W3 ey 2ddss 3 rpEaEEEy !oE°EE m.: st 4 B33l ='§==d=338 o FEEERRARRE M FEEE FF East G & F Assoc. East St Pow B (1) Bond & Sh (b 4 eS8 223E o ! & 9999 Elec Pow Asso A (1) Elec P& Lt op war.. ¥l Sharehold (b6%). Emp Corporatio Empire Pub Sve (A). Emp Steel Corp. ... Engineers Gold. Europ E Ltd A (66¢) Europ Elec deb rts. . Evans Wallow Lead. Fairchild Avijation & Falcon Lead Federated M Fiintkote Co A Ford M Can A Ford M Ltd (p37%4) Foremost Dairy Pr Fox Theater Cl A. Gen Alloys (80¢).... Gen Aviation. ¥>Sfsdddddda agda: 28 S 92992, & FELTRT PR £ e Sunon s Tussa oot S o araonascan ShranmauBuen = g5 5598 N P S M Be S L] Gen Eleo Lta (p Gen G&E cv pf B 14 Gen Laundry Mach.. Gen Thea Ep cv pt 3) Gen Tire&Rub pf A 6 5 eSEssnag=sae CEARFESE FIE “:_§=~ & CL T Georgia Pow pf (6 Gilbert (AC) pf 3 Glen Alden Coal (4) Goldman Sach T Gt At&Pac Tea nv Great Northrn Paper Grey Tel P S (14).,. Groc Strs Prod vic Guardian Invest Guif Oll of Pa (1 % Helena Rubenstein. . Hires (CE) A (2)... Hollinger Gold(65¢) . Hou-Her cv pf A 2% N80 0 A0 <o Bt 1 Ot 8 A RN IO pmeS L RaanEs FEF RZZZZZZRLER IR 5! S8 RRR 933 LEERR i) Hydro Elec Sec Hygrade Food PT Imp Of1 of Can (50¢c) Imp O Can reg (50¢) . imp Tob Gt Br t8%¢. ind Ter Illu Ol A... Insul) Inv (b6%). Insurance Sec (70¢). intercontinent Pet n. int Petroleum (1) Int Superp VBLW) ..!m wmmn 2222 S 228! Inter Equ eonv pf(3) 74 Irviyg Air Chute (1) 2% Ialian Superpow A % Italian Superp war. . CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING omum‘!loxs. RECTERERH SeFSE 8 AT e 00 e 1 b 01 A3 5 000013 BN b & EE 338!38%2:338”8!- dard Statistics Co., Inc., New York, for the Associated Press, News Trend. Reports of a favorable nature come copper trade, sho & reduction and blister stoci FF S hundred-share lots bylhml(fi) (2508), ‘were sold in odd lots. Add 00. Open. High. Low. Close. Aluminum Co of Am 150; %b'lli i % Chi Burl&Quiney RR 1208 195 .... 50s 107 17% s% THE EVENING STAR, WASHINGTON, ~Prev. 1931~ High. Low. % l1 19% 19% 19% w/. % 22% 114 8% Norani 19% 28% 8% 521% 24% 6% 18% +Ex dividend: ‘tPar Fri6a"8 ser tent 1n T stk was not unexpected. In fact, it is be- lieved in some quarters that the low- ered price has been made more as a test of demand than from primary necessity. Announcement by the Carnegie Steel Mont Lt H&T (1%) 50 Nat American Co. Nat Bd &8 Corp (1). Nat Container pf (2) 4 NatDPrpf A (7) U S Foll (B) rso::)... U S & Inl Secur. . U S Inter Sec 1st Df U S Lines of (1). 5 U S Playlng Card %1100 U 8 Radlo & Televisn Unit Store: Unit Verde Ext (3).. Utl] PALt(at1.023%). Ut PAL B(at1.02%). Dividends rates {; dollars by Received by Private Wire Direct to The Star Office Stock and Dividend %. Kolster-Br (Am Sh). Lackawanna Sec (4). Leonard O11. Lerner Stores (2) Libby McNeil & L. Liberty Dairy Prod.. Loew's Inc deb rts. .. Loew’s Inc war..... Lone Star Gas n (88¢ 106% Long Isld Lt pf (7).. 308 1% Louisiana Lan& Ex. 3 Ludiow Mf Assoc 10y 10s MacMarr Stores (1). % Magdalena Synd.... 3% Mangel Stores Mangel Stores pf Mavis Bottling . Mead Johnson (4). . 4 Memph N G Co (60c) Mercantile Strs (1) .. % Met & Min Inc (1.20) Rate. Afld 020. Open. High. W:- W. tm IM 1% 1% 36% 36% 11% 1% 1 3 4“ 3 —a DEB— 106% 107% 1 23 23 % % 24% 24% 24% 24% i 0 R 00 88 B0 w New Jers Zine (13).. Nevada Cal Elec. Niag-Hud Pow (40c) 206 Niag-Hud Pow A w.. 16 Niag-Hud Pow B w. Niag Sh Md (40¢c) % Niles-Bem-Pond ( .. 368 Mine: Nordon Corp Lt Nor Am Aviat A w. Nor Wevpf (3).. Nor Europ 0il Cor or Ind Pub S pf (6 Novagel Agene 14% Ohio Copper..... Ohio Ofln cu pf ()., Oilstocks Ltd A (40¢) Outboard Motor B... Overseas Se« PacG&B1 Pac Pub Sve Pac Western O} Pandem Ol Paramount Cab Mfg. Parker Rust Pr (3).. Pennroad Corp (20c) Penna Gas& Elec A., Peop L & P A (2.40). Phoenix Secur Corp. Phoenix Secur pt (3) Pllot Rad Tube A. .. Polymet Mfg. . Pratt & Lambert u) Premier Gold (12¢). Prudential Invest. .. Pub Util Hold Cp ww % Pub Util Hold war. . Pure Oil pf (6)... Quebec Power (2%). 26s Raliroad 8h (50¢) Rainbow Lum Pr Reiter-Foster .. 208 Richfield Ofl Cal pf. Rich Rad cum pf. Rock Lt®& P (90c). 2% Rossia Int Corp..... Royal Typewriter(3) Ryan Consolidated. . & St Anthony Gold. St Regis Paper (1 Salt Creek Prod (2) Sait Creek Ol (28¢) Shen Corp pf (a3) Silica Gel etfs. . Smith-Corona vtc Sni Viscosa rcts Solar Refining. . South Penn Oi (1).. 4 SoCal BADpLA (1%). South CEdpf C1%. South Cerp. ... Sou Pipe Line (2) Southld Royalty 600. Spanish & Gen rcts. . Stand Invest cum pf. 60s Stand Motors....... Stand Ofl of Ind (2).. Stand Ol Ky (1%).. 8 Stand Ofl, Ohto (2%) 4 Stand O11. Ohio (5). . co- Starrett Corp. . Stein Cosmetics. Strauss (Nathan) Strauss Roth. .. Stutz Motor (new).. Stutz Motor (war)... Sunray Ofl (b5%) Swift & Co (2)... Swift Inteinat (3).., Technicolor. Inc. Teck Hughes (60c). % Thatcher Sec Corp... Thermold Co pt (7).. Tish Realty & Con. .. ‘Tran Con Alr Tran. .. Trans Lux DL PS.. Tri-Cont Corp war. . Tri Utilities (11.20). Tubize Cantillon (B) Tung Sol Lamp (1).. Ungerieider Fin Cp. . Un NatGas,Can t1.45, Unit Chem pt pf (3). Unit Corp war...... Unit El Sve pf war.. 37 28% 28% 13% 13% 24 258 Util Equity pf (5%). Bo- Vacuum (4). Van Camp Pk. Van Camp Pkg pf... Venezuela Petroim. . Vic Finan Corp(40c) Waitt & Bond(A)(2) Walgreen Co. Walker (H) (1) Welch Grape Ju (12) West Auto S A (3).. Wil-Low Cafaterias. Zonite Products (1). 35 last quarterly or semi. uni%.'::’“l fi '8 ber cent [ stock: American Tobacco 1930 common share earnings, $8.56 vs. $5.76, adjusted tor two-for-one stock split in July 1930. Associated Apparel Industries 33Y; cents cash and 1%; per cent stock quar- terly dividend; paid $1 January 1,1931. Bearings Co. of America passed $1.55 gflmed dividend; paid $1.75 December kt there is s feeling that higher | mittee. prices would be desirable. ‘The present n}fi will undoubudly encourage de- tly reportéd on the rise. Yumuy’n dividends cut by New Central overshadows corporate new a development unexpected by the market but nevertheless not much more than a logical consequence of the known reduction in earnings. Of a moré fa- vorable nature is today's report of nohbly mflm earnings by American The Companies. American Sugar Refining—1930 mmnmm,uun.u.wf" Chicago Burlington & Quincy Rail- (5 road preliminary gross . ings reported off 19 per cent; net operating income off about 45 per'cent. Chicago, Milwaukee, St. Paul & Pacific galzl{oum (prellm‘mré) !elm::nry per cent; net operating income off 64.6 per cent. Consolidated Gas Utilities 1930 net income before depreciation, $786,320 vs. $083,136. Cuba Railroad Co. $6 preferred shares nmlqg, six _months ended December 31, $8.39 vs. $12.20. Engine Public oers u\lnu-uwmtunup-un % |in recent weeks, Iron Age says in its indepent 84 | “stri D.. C, THURSDAY, DEMAND FOR STEEL | GAINING STEADILY Weekly Trade Review Finds ‘New Business Is Well Diversified. NEW YORK, March 12.—Demand for iron and steel shows a more uni-| form upward trend, with production in- creasing at a less deliberate pace than weekly review of the industry. “New business is well diversified,” the review says, “and, in view of the pronounced caution still ruling among buyers, is a true reflection of the ex- panding requirements of consuming in- dustries. While large backlogs always give producers a feeling of greater security regarding the future, the de- cisive factor so far as production is concerned is the rate at which tonnage 1s released for shipment. “The size of forward commitments | is influenced by general sentiment in] the trade, price considerations and cus- toms, as for example in the case of rais, most of which are contracted for in an annual Fall and Winter buying movement. Specifications, on the other hand, are ordinarily determined by the actual current requirements of the buy- er. This is particularly true in a time of depression, when consumer stocks are kept at a minimum. Specifications Gain. “The real significance of the Steel Corporation's loss of 167,157 tons in unfilled orders in February was that it reflected a gain in shipments. Purther improvement in shipping orders has been the e lence of the industry thus far in the current month. Speci- fications of a leading maker of sheets have gained for the eighth consecutive week, while those of a larger producer of bars, plates and shapes have risen for the third successive week. Accord- ing to all present indications, March over “Pebruat ”""‘xfl"" s, bookings over runry shipmen and mill alike, with the probability mt the momentum acquired ““fil“f.. the month will carry into April “Av:n.u in other steel corporatioh products is nmv estimated at 55 per cent, as compared with a general rate of 53 per cent & week ago. No reduc- tions in production are any of the steel-producing centers and further gains have occurred in Chi- cago, Cleveland, Youngstown, South- ern Ohio and in the ling distriet. Chicago’s present output, 58 per cent, is equivalent to 75 per cent of its capacity one year ago, large comstruc- tion programs having been completed in the interim. Gain in Steel Demand. “The most conspicuous recent gain in ifron and steel demand has come from the automobile industry, while -line construction, public works and vy structural work in general loom large as additional outlets for increas- . _According to prel ates, 220,000 automobiles were the umcgadsum and and _expanding schedules point to an output of 300,- 000 cars this month. Notwithstanding current improvement the motor car in- dustry is dominated by conserv: & policles, keeping the flow of raw m3- terlals 'in close step with assemblies and retail demand. “The recent price policy of the steel industry has been dictated by neces- sity rather than pr ts of marked improvement in new ess, Where quotations have been revised upward it has been because the market has fallen 50 low thn. serious losses were being incurred.” About 22,500 tons of new fabricated structural steel projects this week com- pares with 136,000 tons a week ago. Awards of 20,000 tons compare with 59,000 tons a week ago and 55,000 tons two weeks ago. A slight decline in heavy melting steel scrap at Pittsburgh has brought a revision in the Iron Age composite pnu on this material to $11.08, the weeks ago. Finished .uel u 2142 cents a pound and pig 15.71 a gross ton are un- fihln‘ed * LIMITATION OF OIL IMPORTS IS URGED Federal Conservation Board in, Ef- fort to Aid Hard-Pressed Industry. An overproduction probler hereto- fore unknown in the history of the petroleum b\ulneu has been_ encoun- the Federal Oil Con- servation Bolrd in its efforts to assist the hard-pressed oil industry. Figures gathered by the board show approximately 3,000,000 barrels of oil are produced daily in the United States and approximately 300,000 bar- rels are bein ugdtmnomd from foreign flelds control directly or indirectly American companies, ‘The ‘board has found that such pro- duction is far in excess of needs in this country and that storage facilities have been strained to the breaking polnt for more than a year. ‘The result is that the Government has been called upon to help distressed dent ucers in the so-called flelds,” and larger companies with handling oil at prices 60 _low there is no margin for profit. Into the welter of unwanted and un- 'eleomn troleum the Oil Board has an effort to obtain an -g.umfm limiting imports to at least 000 barrels daily. If this is reached the oil-producing States are expected to tighten the proration laws now in fect. All but one of the importing com- es have indicated their willingness enter into such an agreement. o " EARNINGS REPORTED. NEW YORK{ March 12 (#)—Colo- rado Fuel & Tron Co. and subsidiaries today reported for 1930 net profit of $208,648, equal to 41 cents a share on the common stock, against $2,350,048, or $6.43 & share, in 1929. Consolidated Pilm Industries reported for 1930 net income of $2,309,311, equal under n-.ru:lp-unl provisions of the ‘?l'fl X $2.49 a .lhl’re (;I& fl'ledcmnhlned participating preferred and gommon stocks ourhndmx at_the end'of the yesr. In 1929 net profit was $2,389,373, equal to $3.41 a share on the combined lhlrel oujstanding at the end of that Plluburlh Plate Glass Co. for 1930 had net profit of $4,743,538, equal to $2.19 a share, against $11,685311, or $5.39 a share, in 1929, Industrial Rayon Corporation in 1930 had net profit of $1,547,520, equal to $7.74 a share, against $1,451,729, or $7.63 a share, in the previous year. Burns Bros. and sul les. re rted for the year 1930 m loss of against net profit o‘{’otl 1096, net loss '$358,628, against. net, profit of $3,080,- "1&1 or $1.90 & share, i the like period reported for 1930 t lou of $1,213,605, against net lou ol $395,503 in 1929. BROKER'S OFFICE CLOSED. NEW YORK, March 12 (#)—A. H. Henderson & Co., Inc, was ordered closed by Attorney General Johu J. Ben- nett court order from | sale of es. ‘The order followed a raid by Bureau of Securities agents, Bennett sald, C’?’rbothmellfion XARCH 12, 1931. High, 1929, Low, 1929.. t. 1931, Standard Btatistics Co.) DEBT- CANCELLA TION DEBATE IS REVIVED AMONG BANKERS By the Associated Press. Effect of cancellation of interalliad debts and reparations on the economiv structure of the world forms a lively topic of discussion here, with opinion more or less equally divided. While such a procedure has never been given official consideration by the Government, the question is becoming more and more agitated by important American business men and bankers who favor, at least, some adjustment of the ess accruing to this country. . German Export Trade. Leading economists here and “don't- quote-me” Government officials are pre- itly of the belief such a plan effedt the fi) the United States as an indi~ Under f.he existing schedule of Ger- man reparations payments, that coun- try, a nvuh is wmpened tn increase her axnwl falling m order w ‘nn !undl with wi to make her payments. ‘With adverse world economic conditions she must, to a material extent, curtail her world purchases in the intérests of budget, thus directly dis- arranging the usual international move- ment of merchand; Hence, close students of the situation aver, a cancellation of her payments would allow Germany to gauge her ex- port trade in accordance with world nditions, and use the revenue accruin; Arom this trade toward the purchase of ov.mmodmu It is agreed, generally, the P 1o B Taws of Bupy and compared to fihe total tion, but, on the other hand, it becomes a material factor with revenues decreas- f|ing and expenglitures on the as 1;& present. time than lower NET RAILWAY INCOME DECLINES SHARPLY. Return of 2.28 Per Cent on Prop- erty Investment Reported for January. The net rallway operating income of Class I railroads in January amounted to $33,849,116, which, for that month, was at the ahual rate of return of 2.28 per cent on their property ipvestment, according to reports just filed by the carriers with the Bureau of Rallway Economics. In January, 1930, their railway operating income amounted to $55,773,152, or 3.81 per cent on their property investment. Property investment is.the value of road and equipment .as shown by the books of the rallways, induduu mate- rials, supplies and cash. net rail- :v(agr (:-;l)_leenpt:nl lnme is 'ht is left taxes and eq '. rentals, before (mexut and fixed are compilation as to earnings Jmusry l.l on reports from 171 Class I railroads, representing a total mileage ot 242,738 miles. Gross operating revenues for the month of January amounted to $365,- 899,754, compared with $451,458,786 in January, 1930, or ndm:uon of 19 per cent. Operating expenses anuary this year totaled 8204.081,947‘ com-~ pared with $356,664,032 in the same month last year, or a reduction of 17.5 per cent. CI I rallroads in January paid $27,289,096 in taxes, & reduction of $2,- 137,694, or 7.3 per cent below the same month last yea: Fifty-two Clm I railroads operated at a loss in January, of which 19 were in the Eastern, 8 in the Southern and 25 in the Western district. Grain Market | By the Associated Press. CHICAGO, March 13.—Responsive to forecasts of smaller Argentine wheat shipments, grain prices averaged higher A peming unchanged o % cent up ning uncl . A wheat afterward Held near to the initial limits. Corn started at a shade to advance, and subsequently continues Upturns in Liverpool wheat quota- tions accompanied predictions that Ar- gentine wheat exports this week would amount to only 2,750,000 busheis. $pe- cial significance was attached to this forecast because of word tnat the Liver- pool market was following the course of prices at Buenos Aires, and that a bet- ter demand had developed at Liverpool despite increased shipments from Ruse sia totaling 1,776,000 bushels. It was noted that India reported an entire ab- sence of wheat clearances, with prices held above the world’s parity. llthmllh harvest operations were proceeding un- der favorable weather mnmflom Corn and oats sympathized with wheat firmness and also reflected dearth of corn receipts. Chicago had but 68 cars, compared with 204 a week ago and 137 at this time last Primary arrivals were 416,000 bushels; against 721,000 a week back and 696,000 on the corresponding day of 1930, ‘There was talk also that other terminal markets had they cared to for lhlpment to Chic: Indications of smow or over m&nu of the corn be!t further restrain selling. Provisions declined owing to hog market setbacks. JOSEPH B. MURPHY HEADS FURNACE CLEANING CO. Joseph B. Murphy was elected presi~ dent of the Purnace Vacuum Cleaning Service at the annual meeting of the stockholders last night. Fenton M. Fadeley was named vice president and Edward D. Shaw, secretary-treasurer. ‘The nrvlee was furnmd m years ago by local coal ts under the munln of the )(umnh And lnnu- facturers’ Association. of its mdl.nnucamtq.l.h!duhulnee been adopted in many other large cities. ————e POTATO MARKET. CHICAGO, March 12 (United States Department of Agriculture) (#).—Pota- toes: T4 cars on track, 238; total United States shipments, 773; firm on Wiscon- sin, about steady on other stock; trad- ing rather slow; sacked per hundred- weight: Wisconsin round whites, ‘1.35a 1.40; few, 1.4581.50; Minnesota Tound whites, _1.25a1.30: mul fancy 1. muo No. 1, fancy shade No. 2, 1.251.30: Colorado McClures umv 1.70a1.80, o OLD CENTER .MARKET ® SITE NEARLY CI.EAR | Most Dealers Have Moyed as Raz- ing Operations Are Pushed. ‘Work of razing the old Center' Market | Bullding has reached a point where the few haulers and others who remained after the closing of the market have been forced to move elsewhere, Seweral of the Virginia and Maryland haulers had been doing business along the B street, side of the market for the past 40 years or more, and they did not welcome the arrival of the time when they would have to ¥ to hile others went to new Center The "5!'!7 who prelmed to nmymnmdwllvenp business so their locations this week wi ‘the vi- cinity of Twelfth and B streets, where an assistant to the market master con- tinues to maintain a small-office lnd is on hand 10 regulate business. flmdl'opped'lto market opened toda; ports were not as mmm,n‘?‘am'fi“n':'.’ eonfl-lcu in all positions were March, 10.55, Juiy, 1100, off off 7: October, 1151, off 1155 0s: Januars, 1180, off 5 $1,500,000 Pipe Order. NEW YORK, March 12 (#)—' ‘Western Pipe & Steel Co. has reeel an order from Southern Fuel Co. for ::500000 worth of steel for a to Money to Loan gk gl X X g Joseph I Weller 45,755 % 4 Wt Central Public Service Corporation Class “A” Stock BOUGHT SOLD QUOTED Price Range 1929-1930 High—57% Low—11%4 Current Market—About 19 / Detailed information on request Waggaman, Brawner & Co. Incorporated 1700 Eye Street ME. 3860 2 TION “A” ¢ NAMI had doing ‘hen work- street. market build: “REAL ESTATE LOANS, Made at Low Interest Rates Authorized Service Carter Carburetors— Eclipse—Bendix— Lockheed Brakes MILLER-DUDLEY CO. 1716 14th St. N.W. North 1583-4 0- our liberal 20 monthly repayment plan. No indorsers uired. A strictly dignified ::“‘uddkan. First Mortgage Loan Applications Inviged at Glover & Flather 1508 H St. N.W. National 1753 To the party willing to make this excellent in- vestment, all necessary benk references and other data can be sup- plied. I¥'s a wonderful opportu- nity and well worth while your investigation. : ADDRESS Box 195-Z, Star Office Ring Book Sheets End forever the one an- noyance of-the ring' book. Ii!l!lliiifl!l.l}mnllllllll -| They Will Not Pull Out Try these sheets in your hinder. Know that each sheet 1s in place to stay, Specializing in Efficiency e QOU know how it is in _ most buildings — just so many feet cut up into office space. The effort has been dif- ferent in the plan and construction of The Shore- ham Building. Here the ideal was sought for and attained—in the arrange- ment of rooms; their equipment; light, air and service—all having careful - consideration—with the re- sult that with practicability . is daiubility—-l combina-’ tion that gives you perfecs - tion in office facility, Let ds show you available space and how readily it can be adapted to your re- quirements. MSKEEVER £ GOS§S$5 Remsl tative of the Owners