Evening Star Newspaper, March 31, 1931, Page 15

CURB PRICES GAIN “IN'SMALL TRADING Utilities Are Featured, With| & . General Advances in Other Groups. BY JOHN A. CRONE. Special Dispateh to The Star. NEW YORK, March 31.—Trading on the curb market today pursued a com- paratively dull course, Prices, however, held to small gains registered at the opening, reflecting early strength on the Stock Exchange. This advance was general, with the utilities displaying the greatest -cuvlayA fitérxghngn ‘ashlum more umn & po! er in early trading an: mained active throughout the first tn Service, on natu: honn. cuam ibout m Tows Shoud & hol wlntbymlddnyunfl:.-mu luminum f America began ‘The movements of Auburn Auto over on the big board were du! reflected in Cord -~ Manufacturin ich gained more than a point on a lew sales. The Ford shares were somewhat firmer, but Dot as-active as in recent session: ‘Talk of lower ices for copper, with some offerings ebout % cent a pound belnw the gener’l-} 0flqm:tecl level, ‘lau}eld to bring selling group in the first tew hours. Newmon® Mining, w ex dividend today, was up more a point by midday. Noranda mo more with flu ld shares with the red metal dit C. & P. OF BALTIMORE HAS DECLINE IN NET February Revenues Were $21,485 Smaller Than Return for Jan- uary, Report Shows. @pecial Dispatch to The Star. BALTIMORE, March 3 revenues of the City in $225, which was a decrease of $21,485 un the revenues of last month u\d un 157 under the month of Fel weotd.tnt to the ownumul Service Commission. nted to $1, lu lu 'n.h ex- Tuary amou m of $808,523, Telephone revenues for the 12 mon!hl bruary 28 et This is equivalent wtmwruntmmea value period 1, ' making net tions §175.: 2217 Net additions to plant for the 12 mg’nn- ending February 28 amounted to lu-.ryhu served ‘which was an in- BONDS. High. Tow. Noon. 11 o 2333 = & W L LT TR L/ =3 e 223U TN VBT3B 333! 288! 29! 5= 2, $ 3 22 SBAII2 * PR F W 0 oi¥e = oy - WEREEE F I & 3 2 3 é‘ - 3;‘32388383!#"3 2 3 > 0514 5a%h 10233 oF Lo 8 =§= R 353 e 2ol o5 Fgd Ok s 3 En o) 3 883eE ot ng:‘ 33w 2 oo oo o Bon RoraaB Seums Bumo p B, ik % Sl §§§ s i ¥ e ;s 3 > SR R 5 1y i i TR R sEdyed seggiis e &1 ’“zu, 333332e ne chu G i West il 88 B or e M e R ag JoRFEgTRaTRER L ERET 2283 Fayy L ~JOREL - SRR PRR PR e . ) LU i 9880d 00! g ol susg & SE“'%?EEZE':'Zg 223328832 ] ! SuSat.-! = & :; =§§: R 33832 ¥ ey o oY 555 S oneSTan QW 25 NSNS T sziszaazazasss ATIIBT2S =23 O aIN assiguasageny o BEE EN FOTEEF 5 ) . Bb10%, Am Com P A (b10%) Am Cyanamld B.... Am For Pow war. Am Founder: . Am Gas & Elec (11) Am Gas & El of (6 Am Invest. Inc (B).. Am Lt & Trac (2%) . Am Maracaibe. .. e.. Am Natural Gas. .. .. Am St Pu Sve(al.f0). Am Superpow (46¢). Am Superp 1st (6).. Am Ut{l&Gen (B)vte Am Ut&Gen cu pf(3). Am Yvette new wi Anchor P F (b10%). Appalachian Ga: Apponaug Co (2)... Arkans Nat Gas A.. Art Metal Wks (60c) Assoc El In Ltd 30c. Ass0 Gas&El A (a2). % Assoc G & El wa Asso G & El ct (8) Assoce G & Epf (5).. Assoc Rayon. .. At Fruit & Sugar, Atlas Utilities war.. Auto Voting Mach. 8% Auto Vot M ev pf pt.. Bahia Corp...ooov.e Baumann (L) pf (7). Beneficial 1L (1%).. Bigelow-Sanf pf (6). Slue Ridge Corp. . . . Borg-War cum pf(7) Boss Mfg Co (4).... Braz T1 & Lt (b8%). Buckeye PL (4).... Buft N&EP pf (1.60) Bunk Hill & Sul (3). Canada Mareon! 18 Carrier Corpo! 48 Celanese 15t pf (1).. 14 Cent Pub SvcA b10% 9 Cent Stat El (b10%). 5% Centrifug Pipe (60c) 1 Chain Store Devel... 1 m- 130% 13% Chat Ph Aln.v. (1).. i 15 Citles Service (g30c! 79% Citles Serv pf (6) 7% Claude Neon Lts, Ine 7% Clev Tractor (80¢).. zu Club Aluminum Uten 1% Colon Ofl....... % Colombia lyndlen-. 47% Col O11 & Gas vtc. 221 Cmwith Edison lll. 1% Cmwith & Sou war.. 8 Com Wat Sv (b8%). 7 Conmsol Aircraft..... 3% Consol Auto Merch. . 2% Consel Copper. . . 82 Consol Gas Balt 3. 5 Consol Gas Ut B vte. 3634 Cont Shares pf (B).. 13% Cooper Bessemer.... 5% Cord Corp. . Corp fee Ch (b6%). - Cor & Rey pf A (6).. Cresson Consol t4c). Crocker Wheeler. Crown Cent Petrol CrCork Int A (1), Cuneo Press (2%) Dayton Alr & Eng Dresser Mfg B (3). ., 8% Dubilier Cond & Rad. Duke Pow (5 . Bagle Picher Lead East G & ¥ Assoc. East St Pow B (1) Util InvA... er Electrie Corp. Eln Bond & Sh (b6) Elec B & Sh pf (§) Elec B& Sheupfh. Elec Pow Asso A (1) Elec P& Ltop war.. El Sharehold (b8% Fairchild Aviation. . Federal Baking Shop Fiat Stock Ford M Can A (1.20) Ford Mot Can B 1.20. Ford Mot Ltd 36 35¢. Foremost Dairy Pr.. Foremost Dal pr pf.. Foremost Fabrici Fox Theater Cl A. Garlock Pkg (1.20).. Gen Aviation....... Gen Bak pf c.0.d. (3) Gen Baking N Y (2). lfli Gen Elec Ltd (p70¢). 14 Gen Empire Cor (1). = g Seonofisdawaan - 1 - - PN 50% Gen G&E cv pf B (6) 250; 21% Gen Petroleum. ..... 21% Gen The Eq v pf(3). 3B% Glen Alden Coal (4).. 7 Globe Underwriters.. Golden Center. & Goldfield Consol B% Goldman Sach T C Gold Seal Elec new. . Gramaphne rcts(p1) . Graymur Corp (1).. Groe Strs Prod vie. . Guif Ollof Pa (1%). Helena Rubenstein. . Hoitinger Gold65c) Horn & Hard (23).. Hudson Bay M &S .. Humble 01} (1235). . Hygrade Food Prod. Imp O11 of Can (502). Indana Pipe Lire (1) Intercontinent Petn. 2wy 112% D. C., TUESDAY. MARCH 31, 193L —.—_————!L—-——— - ——m Rate. fl Ttalian Superpow A.. % Kolster-Br (Am Sh). 29% Lackawanna See (4). % Leonard O11 2014 Lone Star Gas n (830 80 Long Isiand Lt (60c) 108% Long Is1d Lt of (7) 107% 107% Los Ang G&E pf (6 .l\( 50 113% 4 1% 35% 1% 25 25% 2% 1n 1% Loutsiana Lan & Ex. 2) 1% Met & Min Ine (1.30). 20% Mid WSt Ut (1%)..0 17% Mid West Ut (b8%). 1% Mining Cor; Mo Kan PL (b10%). ‘/c Mo Kan P L vte. % . 100% Moh H P 1st pf (7).. 99 Moh HP24pf(7)... 55% Mont Lt T (1%) 4% Mountain Prod (1).. Nat Aviation. ... Nat Bd & 8 Corp (1). Nat Fuel Gas (1) Nat Investors. Nat Mfgs & Stores. .. Nat 8T Sec A (350¢) % Nat Sugar NJ (2)... Nat Transit (1) Union Radl Newmont Min (¢). New Mex & Ar Land., NY&HonB (11%). NYP&Lt pf (6) 150: Niag-Hud Pow A w.. Niag-Hud Pow Bw.. Ning 8h Md (40¢).. . Niles-Bem-Pond (2). Nipissing (30c) Noma EI Corp (i Noranda Mines. % Nordon Corp Ltd.... Nor Am Aviat A war. Nor Europ Oil Corp.. Nor Pipe Line (4). Nor St Pow pf (6). Ohto Copper..... Oflstocks Ltd A(40¢) Outboard Mot A..... Patterson Sarg (2 Pennroad Corp (20c Penn Wat & Pow (l) Phillip L Inc B 1.60. Phoenix Secur Phoenix S C pf (3). Pie Bak of Am A (2). 4 Piedmont Hyd Elnw Pilot Rad Tube A. .. Pitney B P n (20¢ Plymouth Ofl (1 Polymet Mfg. . # Premier Gold (12¢).. Producers Roy Corp. Prudential Invest. Prudential Inv pf(6 Pub Utll Hold war. . Pub Util Hold Cp xw 17 Pub Ut Hold eu pf(3) 1 Puget 84 P&L pf (6) 10s Pure Ol pt (6). 50 Radio Produrts. Richfield Oil Cal p! Rock Lt & P (30¢). Roosevelt Field Inc % St Anthony Gold.... 13% St Regis Paper (1). 614 Saxet v ® 1134 Smith-Corona vte 18%; South Penn O11 (1 25% SouthCEdpf B 1y 24'% BouthCEdpf C1% 5 SouthernNat G: 3“ Southld Royaity 30% Stand Ol a 20% Stand Ofl of Ky 1.60.. 49 Stand Oil Ohto (i%)m. 7 Starrett Corp.. - 20 Starrett Corp pf (3) 4 Stein Cosmetics. 4% Strauss (Nathan) 1% Strauss Roth. 184 Stuts Motor (new). . 1 Stutz Motor (war)... 26 Sun Investpf (3).... 84% Swift Internat (3). 12 TaggartCorp.. & Tonopah Belmont..., % Tonopah Mining. 3% Tran Con Alr on it Corp war, 24% Tei Utilities (21.20).. 3% Tubize Cantilion (B) 74 Tung Sol Lamp (1).. 20 Union Ofl Assoc (2). 18 Unit Chem pt pf (3). 8 Unit Corp war. 1% P Unit Lt& Pwr pt (6). Unit Milk Prod....., Unit Shoe Mach (2% 4% U S Eleo Power ww.. U8 ¥Foil (B) (50¢c)... United States Stores. Unit Btores......... Unit Verde Ext (2)., Ttah P& Lt pt (7). Util & Ind pt (1%).. Utl] PALt(a11.02% ). Ut PAL Biatl. 02%). Uttty Equit Vacaum (4) Venezuela Petroim. . Vic Finan Corpi4vc) Walgreen Co. .. Walgreen Co war Walker (H) (1) Walker Mining. % W Va Coalsk Coke. .. 3 West Afr Exp (60c).. 26% West Pipe&Steel (2). 3 Wil-Low Cafaterias., 1% Wright Hargrav 10c,, 8 Zonite Products (1).. » - 'S [ O T TP IS YRR =S-SR = . O e Int Petroleum (1)... 3% Int Products Int Superp (11.10) Int Utilities B. . Interstate Equities inter Equ conv pt3) Irviug Air Chute (1) % & Ford Mot L *Ex ?‘:n-nu "-m; fre s pr 17 26‘ * riy or semi- #Plus ¢ u: uul :,- tock. 8 s 'S obr cduk i sroce Cent ‘wu per_cent In " Blus 2 per cent X . cen i stock "'m Pun 3 Der cent'in stock lus 8 oer cent in stock © Paid last year-—-uo reguiar rate Public Utilities BY GEORGE T. HUGHES. (Enists the -8tk e 9.2 the operating i3 flons ‘nd a0 aDalyeis of £ capyetedtrcti il discuss bonds as & ks, but will present the nm Jithont ‘any attempt purchase of spe- s securities.) Virginia Electric & Power. Supplying electric ll‘ht and power to sections Virginia and The bonds are investments of the first grade. The largest and the most important pany operates are Richmond, Norfolk, Portsmouth, Petersburg, Williamsburg, Suffolk, Hopewell, Fredericksburg, Tap- | Ties | pahanock, Smithfield snd Ashland, Va., well over 5.75 per cent, which is gen- erous wuldmnl the quality. For nu latest 12 months’ earnings, results of ‘Elec- | Which are available, net was equivalent to over $19 & share on the preferred. ‘The covering that pe- and pre- were and Weldon, Elizabeth City, Hertford, Edenton -nd Mnnn mpul N. C. of tb Stone lnd ‘Webster Service Cor- poration. it FOREIGN EXCHANGE. (Quotations furnighed by W. B. Hibbs & Co.) jominal gold Value London, pound Baris, franc liing checks today. | By the Associated Press. CHICAGO, March 31—With wheat extreme importing countries showing caution in buyin', ‘run prices a1 resh supplies of shipping ng % to % cents off to 1 up. wm later held near to the initial range. Corn started unchanged to 3% lower, but subsequently scored some ad- vances. Divlnz an advantage to wheat bears was eomprehznu!v! unofficial erop domestic Winter tion at 865 per cent, COMMODITY PRICES SHOW GAIN IN D. C. One-Point Advance From Februm'y 15 to March 15 Is Reported. After an uninterrupted decline sinee last September agricultural commodity prices of local markets showed & 1I- polnt advance from February 15 to March 15, it was announced yesterday by the Department of Agriculture. On March 15, however, when the in- The | dex of farm price stood at S1 per cent louth Dakota, Nebraska, Kansll, Okll- homa and Texes, but much lower in Pennsylvania, Ohio, Wisconsin, Michi- gan, Minnesota and ¥cwa. Relative firmness shown at times by corn was ascribed to & falling off in of receipts. Primary ar- bushels, it ,000 Cl had only ‘with 133 cars at this Oats chiefly followed corn. Provision trade was stagnant and prices almost nominal. CHICAGO LIVE STOCK MARKET CHICAGO, March 31 (#) (United States Department of Agriculture). — Hogs—Receipts, 20,000 head, including 3000 direct; slow; mostly 10a20 lower yesterday's lv:rl(z few pigs and l'flht lights fleldy bul extreme Ik 140-210 goun B, 350 7.5088.00 - choice, 140-160 poun weight, 160-200 pmmd.s 8.0028.20; me- dium weight, 200-250 gundl 7.50a8.1 uvy weight, 250-3: king sows, medlum and good nds, 6.40a6.8 and chofce, 100-130 wundl. .10, Oattle—Receipts, 7,000 head; aflv-. 3,000; steer trade very slow; steady to 25 lower; early top weighty steers, 10.35; all grades sharing downturn; shipper demand narrow; she stock unevenly steady to 25 higher; medium grade heifers and light-weight cows showing most_upturn: vealers 50a1.00 lower; slaughter cattle and vealers, steers, good and chnlce, 600-900 pounds, 8.50a10.85; 75 1.100-1,300 fairly active; to 10 higher: advance on better grade lambs; early bulk woolskins, !'lll’ 15 to 3 outsiders clippers, 8.00a8.25; bpfln rs, 13.00a15.00; lambs, 90 vound‘ % and choice, 8.75a9.35; good medlum, 8.0028.75; medium to choice, 7.75a9.15; all weights, common, 6.50a8.00; ewes, 90 150 pounds, hoice, 5.00; all GAIN IN TRADE ACTIVITY NOTED BY BANK SURVEY By the Associated Pross. NEW YORK, March 31.—The Bank of America, in its monthly review of % | business, points to the steadiness apd widespread character of the increase in trade activity in'March as distinctly encouraging. 1t acknowledges, however, that the expunlon of b\ulness has been gradual, that while recovery seems 'o be definitely under way, there is lit- tle reason to expect any marked quick- enl% of business in the near future. “The agricultural situation must in evitably remain uncertain for some- time,” it continues, and expresses the of the pre-war level, it was still 35 polnu lower than the previous year ltthlmel&mfl:hm!nfl advance in the farm price of e%. moderate increases in the pI of chickens, butter and in the prices brought by domestic animals ac- Eounted for the in » The decline continued in prices of mlhl, hny, apples and wool. FACES MOVIE FAMINE n'B(g)ENOS AIRES, Argentina, March film famine, owing to the decision of Tepresentatives of motion- ducers to suspend releases on account of the ncmtwmmh&ym films. The tax I.m:nue which was de- creed Febguary 26, was followed by a protest from motion-picture interests to the government asking reconsideration. Thus far no reply has been received from the government and new films have been accumulating at the customs house, with distributors refusing to pay the duty. Nearly all of Argentina’s mma are mggmd INVESTMENT SICURITIB Listed l-ll Money on Hand to Loan on First Deed of Trust 6% Interest JAMES F. SHEA 643 Louisiana Ave. N.W. Brokerage Service for Securities and Commodities FENNER & BEANE WASHINGTON, D. C. J. D. MOTHERSHED Manaor 2430 K Street, N. W. Phane National 7000 MEMBERS NEW YORK STOCK EXCHANGE and W Principal Commeodity Exchanges § Private Wires to .. New York, New Orleans, Chicago inion that recov in the building ;&WJ will be llo:r, HE Potomac Insur- ance Company of the District of Columbia was chartered by Act of Congress, March 2nd, 1831, and during ih first hundred yea; continuously lfiordod protection to many thousands of policy- holders. Now, at the beginning of its second century, the Company extends, to present and pro- cpective agents and patrons alike, earnest assurance of an ever- expanding and untiring effort to serve their in- terests and to maintain at all times the best traditions of the in- surance business. W Officers GEORGE W. WHITE President THOMAS C. MOORE Vice President and Manager ALEXANDER K. PHILLIPS Secretary J. W. LAWLER Ass't Secretary WM C. DENT ¢ Secretary Directors HENRY GOMONT A. A. HOEHLING F. NORIE-MILLER S. NORIE-MILLER C. F. R. OGILBY ALEXANDER K. PHILLIPS FREDERICK RICHARDSON GEORGE W. WHITE W is threatened with a | of EINANCIAL. New York Cotton Special Dispatch to the Star. NEW YORK, mlk—opmfl: cotton prices were unchanged to 2 points higher today. There was some short covering in near months and in January contracts. came from the South. Overseas houses were wtoxu\onnm‘ Trade buyers were ing prices were: May, 10.72, up 1n 95, unchanged; October, December, 11. Martin acl, the gen the State, under which eneral's ¢ partment brought the 7ested that the district at- proceed under the penal Goodyear l!uideld Reduced. NEW YORK, \"R’-‘I 31 () —Directors. & Rubber Co. today reduced the n-ldmflnlobdn Pro- | common stock to {3 from $5 by declar- yment of 75 cents T e : REPORT g 1?’1!“ United States \'avings Bank Of Washinston, in the DA itrict of Colu at the close of business March 25, SOURCH 1. Loans and iz e 1,081 19 537.981.35 banks Sxthange " or i itk hdorse: his bank 13. Securities horrowed 4. Other assets 32,005,228 8 3 '}Rfig 21,544.98 None None 1 wil ment of this ban! 2. () A:C'D‘!n“'l exe. ted this tor nd to furnish dollar ex- xchange None ®) Lesz of Lhtfi'“.htnk purchased ~ of Subgeribed anid sworn ore me this 27t day of Marc! i Mln;nb e, D.C. Corract—Attest: H. Gonl 0|elr Baum. o Davis. T A de Ta u utt. premiums. Hotai interent Other income. Total income. AGuner disbirseament Total disbursements. ital id Arpius ‘over ":u tiabil Total ... T X TT R NET PREMIUMS Wfl! DURING THE District of "muu 2 "lflfl None None 233.498.45 47.04 Nogioar None ¢, explosion. Nasat Nome None All other.. $2.477.88 estdent. Pebruary, 1981 A, DEXTER. Notary Pubic. OLDEST NATIONAL BANK in the District of Columbia —_—— Open Until = 5:30 P.M. g TODAY and Tomorrow —to accommodate the many Federal employees and othei's patronizing OUR SAVINGS DEPT. T1ni avings deposits of One Dallar or more invited. 3% on Savings National Metropolitan Bank 15tk Street Opposite U. S. Trumry” 1831 One Hundredth Anniversary 1931 100th ANNUAL STATEMENT OF THE POTOMAC INSURANCE COMPANY of THE DISTRICT OF COLUMBIA CHARTERED BY ACT OF CONGRESS, MARCH, 1831 On the 31st day of December, 1930, as Capital stock Ci apital stock, paid up, in casl Net premiums. . ‘otal interest TOTAL INCO! Al TOTAL DISBURSEMENTS. Real Estate . Mortgage loans on real estate Collateral Joans. Ponds and stock. Cash in company’s ofiic Deposits in banks. . Agents’ bala 1902, and August 18, 1911. INCOME DISBURSEMENTS Net amount pald policyholders for losses ASSETS nces. Interest/and rents due or accrued. All other assets. ceresenes GROSS ASSETS Deduct assets not TOTAL ADMITTED ASSETS . Net unpaid l:hl.lm ‘otal T unearned p! Other liabilities. Capital paid up Surplus over all LIABILITIES uired under the District of Columbia Code, amended June 30, $500,000.00 500,000. 44, $3.111.41 $3,717,046.53 21,62045 $287,181.63 1,460,26943 92,559.90 NET PREMNIUMS WRITTEN DURING THE YEAR Riot, All other..... ALEX K. PHILI-IPS. Secretary. bscribed io before me this 20th day of Felo Sul and sworn (Seal.) usuu.u GEO. W. WHITE, President. r, 1931, T E. BRIGGS, Notary Public. . $500,000.00 . 1,855,415.12 3,695,426.08