Evening Star Newspaper, January 1, 1932, Page 15

* RAIL CREDIT POOL | INANCIAL POLICY 15 STATED Common Sense to Rule in Granting of Loans, Says Chairman. CHAS. P. SHAEFFER, Associated Press Business Writer. Common sense fitted needs, rather than any hard-and-fast business or banking principles, will guide the administration of the new Railroad Credit Corporation which has Jjust been organized to distribute the Tailroad pool arising from increased rates. Such was the declaration of E. G. Buckland, chairman of the board of the New" York, New Haven & Hartford car- Tier, who has been named to head the corporation. Mr, Buckland enters his new duties with enthusiasm. He believes that the instrument he has been given to care for railroad needs will prove adequate to meet the situation, and that an amount of $75.000,000 will be sufficient for 1932 on the basis of present busi- ness. The fund arising from the in- creased rates permitted by the Inter- state Commerce Commission will total $125,000,000, it is estimated on the basis of present conditions. ‘Will Indorse Notes. 1t is physically impossible for the corporation to disburse any funds to needy roads before March 21 Under the terms of contracts the amount de- rived from the increase in rates .\lml'.‘ be stated within 40 cais after the mont in which 9t accrues, and shall be paid into the corporation within 10 days after expiration of the 40-day period However, the corporation will in the interim indorse the notes of eligible carriers through written assurances to private lending agencies in cases where the need for funds is immediate. “The corporation can be described fairly as a ‘beneficent tight-wad,’ " said Mr. Buckland. “Beneficent because it was formed for that purpose; tight-wad because the money it will disburse will not be its own funds but rather money belonging to participating members. We shall endeavor to repay every cent of it,” he said Thus far, no requests have been re- ceived by the corporation for aid. Briefly, the carriers acting together | form the Railway Credit Corporation. There are 12 directors, 5 representing the Eastern territory, 3 representing the Southern territory, 2 the West, 1 Tepresenting the short lines and one chosen at large. to Revenue Funds. Headquarters are in Washington. | The revenue received from the increases | will be kept in & separate fund by each of the roads and earmarked. A road to be entitled to borrow from the fund must be one which derives not less than 50 per cent of its revenue from freight trafic and which was not in receivership or in default of its fixed charges when the fund was created. ‘Thus, & carrier wishing to borrow from the fund applies to the credit corpora- tion and offers the best security it can for the loan. Whether the loan shall be granted or whether the security offered be acceptable is in the discretion of the Board of Directors of the corporation. It was never intended that the dis- bursement of the pooled surcharges should be a technfcal banking propo- sition because obviously a carrier hav- ing resources on which it could borrow in the regular channels would not be an applicant to the credit corporation. WABASH RECEIVERS PAY OUT INTEREST $269,776 Payment Authorized to Protect Collateral for Railway’s Bonds. By the Associated Press. ST. LOUIS, January 1—On applica- tion of the receivers for the Wabash Railway Co. Federal Judge C. B. Davis here yesterday authorized them to piy out of funds in their possession $269.776 interest due today on various under- lying bonds and notes of the company. ‘Walter S. Franklin and Frank C. Nicodemus, jr., the receivers, stated in their application that payment of the interest would protect the collateral of the railroad securing the bonds and notes and give the receivers reasonable time to procure adequate funds to pay the notes and meet future installments on the bonds The application pointed out Lehigh Valley, American Refrigerator and New economic | 1931 %...- .. 19805 .- I'otal bond sales I'otal bond sales I'otal bond sales T'otal bond sales High Low Ala Pow 5s 1968 Ala Pow 4735 1967 Alumin' Co ‘bs 1957 Alumin Lid 948 Am Aggre 65 1913 wy, . Am ‘Comwith Pow 5'% Am Cmwith Pow 6s 1940 Am Community P 5zs 1953 Am El & Pow 6s 1857 A Am G & E 55 2028 Am G & Pow_ 6s 1939 Am G & Pow 55 1983 . Am Pow & L 6s 2016 Am Rad 4i.s 1M1 . Am Foll M s 1948 Am Roll M 4igs 1933 | Am Scat 6s 1636 Am Sofv 61s 1936 W Appalach Gas 6s 1945 . 1376 Appalach Gas 6s 1945 B.. | 3 Appaiach Pow or 1956 | Appalach Pow 6s 2034 | ATk Pow & Lt 55 1936 Asso Elec 4'3s 1953 ... Asso GAE 5i%s 1938 in Asso G & E 55 1950 . Asso G & E 5ics 1977 | Asio G & E s 1908 Asso & & E 413s 1848 Ase0 G & E 4135 1949 are 613 1033 T et Asso T ; Atlas Plywood 525 1943 Baldwin Loco 5'zs 1933 Beacon Oil 6s_1936 Bell Tel Can 55 1955 A. Bell Tel Can 5s 197 B Bell Tel Can 5s 1960 C ! Birmingh Elec 4!;s 1968 . Can Nat Eq is 1935 E n Nat Ry 41ss 1951000 Can Nat wi ss 55 1955, Cap Admin 55 1953 A Xxw' . p Admin 55 1933 A Ww.. Saro P & L 55 1956........ 1935 s 1 195 G & Chic Dist El 4725 1970 A.. Chic Dist El 515 1935 B Chic Pneu Tool 5i3s 1043.0 Chic Ry cod 5s_202 Gizar Strs Real 515 1949 Al Sin St_Car_6s 1955 B Cities Ser 55 1966 Cities Ser 5s 1950 . Gities Ser Gas 5'as 1942 Cities Ser G Pipe 6s 1943 Citles Ser Pow 5145 1952.. Cleve El Tllum 551939, Cleve Term 6s 1941....! Col Riv Bdwe §l2s 185300 Com Larabee 6 1041 Comwith Edis 4'2s 195 Gomulih £d wis10fb Comwith Ed 4125 1960 E... Comwlth Ed 4s 1981 F.. . 0 Community P & L 58 1987 Cons Gas Balt 51 1952 E. 100 Gons Gas Balt 4125 1970 H. 105% Cons Gas Balt 4s 1981 ..... 99% Cons Gas Util 6%2s 1943 'A Cons Gas Util 65 1943 A... Cons Pub 6%s 1936 . . Consum Pow 4125 195800 Cont Gas & EI 55 1958 A...! Cont_Oil 5les 1037 Crane Co_5s 1940 . Crucible Steel 55 1940 Cudahy P 5'ss 1937 . are EI Pow 5las 1959 C Gas 6s 1947 A Detroit € Gas 55 1950 B Int Bridge 6'2s 1983° .. Gf Gas 625 1937 A Ww quecne Gas 65 1945 ... East ULl Inv 55 1954 A Ed Elec Il 55 1933 Ed Elec TIl 4s 1933. 01110 El Paso N G 6.5 1943 ww Elec Pow & Lt 55 2030 Elec Pub Ser 5 Empire Dist El 85 1952 1057 10512 10332 9470 92 S, N THE EVENING STAR, WASHINGTON, D. C, FRIDAY, JANUARY 1, 1932 ....$3,075,347,100 rees 2.779,009350 1920, .5 40+ -54h+ 30203161700 192814 55 0 ae s 21939,627.75D Last change. Empire O & R 5! Fairbanks Morse Firestone Cot'M Firestone Tire 55 Net Fisk Rub 5ias '31 Fia Pow & Lt 55 Gatineau Pow 5s Gatineau Pow 6s Gauneau Pow 6s Gen Gen Mot Accep Mot Accep Mot Accep 5 Pub Util 612 Pub Util 6s Rayon 6s '48 Wt Wks 65 Geo Pow 5s 61 Gillette 55 40 Glidden Co 5! Gobel (A) 6728 ' Grand (F W) 6s Grand ‘‘runk ¢! Great No Pwr 55 Gulf OIl Pa 5s Hood Rub 7s Hood Rub 5% Houst Gulf Gas’6! Houst Guif Gas Houst Lt & Pow Houst Lt & Pow Houst Hudson Bay 6s Idaho Pow 55 1l Pow & Lt bs Il Pow & Lt 5! 1l Pow & Lt s 1l Pow & Lt 5) Indep Oil 6s '3 Ind & Mich 55 Ind Hydro EI 5s Ind Serv 55 2 Shez028 Insull Util Inv 6s Intercont Pow 65 Intercont Pow 6s In‘ercont Pow 65 Interl Pow Sec 7s Interl Pow Sec 7s Interl Pow Sec 6! Intel Pow Sec 6%z Int Salt 55 1951. Interl Sec Am 5§ Inters Nat Gas 6s 2, RRIRISEIE SESTT Inters Pow 55 19 Inters Pub_Serv Invest Co 55 1947 Invest Co 5s 194 Towa-Neb Lt & F Tows P & L 4':s Towa Pub Ser ds Towa Ry & Lt 5s Jersey Cen: P & L Kan G & E 65 20! Kan P & L 55 19 Kan Pow 55 19 Kaufman D Sts § Ky Ut 55 1969 1 Kop Gas & C 5s SR3 2RILHEBELL0NIRERES Kresge 55 1945 ct Libby McN & L 5 Lone Star Gas 5s Louis P Manit Mass Gas 5':5 Mass Gas 55 Mass Util 6s 49 McCord Rad 65 4 Memphis Pow Metro Ed 4s ‘71 Mid West Util 55 Mid West Util bs Mid West Util bs Mid West Util 55 Milw El Ry & Lt Milw G Lt 4las 5 2aaawaw o=t e Minn P & L 4128 Miss Riv Fuel ‘65 Miss Pow & s s Siybete, Fed Water 51as 54 Inters Pow 6s 1952 Ky Ut 55 1961 H. .. Keysten Tel 5as 1085, Kimberly Cl 55 1943 A Kop Gas & C 548 1950. Kresge 5s 1045....... oba Pow 5':8 & Lt 58 Lt Co 1942 4 48 45 Bs 58 4 84 Gary E & G 55 ‘34 A ... 56, IS 41 B 32 33 s ‘56 S Al &5 Gen Bronze 6s 40 Mot Accep 55 . as, 36 S 47 Gulf Oil Pa 58 '37 Gulf St Util 55 '36 A '“:.na w s 43w 65 43 A 4135 T8 i35 Lt & Pow 55 A '53 35 Hygrade Foods 6 56 C. 33 A 5’54 e 58 AL A S 63 Indnapls P & L 55 ‘57 A... 1940 B... 1943 A WW eVt 1948... 1948 A XW 1926 D... 1957 E. 10 25 1955 C. s 1954 B. 1936 xW . 1958 19320 - 55 1947 B A B 7 B.. 1936 A s 1947...000 g Larutan_Gas 6}zs 1935.0 Lehigh P S 6s 2026 A Lex Util 5s 1952.. s 943! 1942 Long, Isl Lt 65 1945 Los Angeles G_& E 38 1 & 1. 53 1957 1AL A 3w RTMN 33 33 34 35, 55 '67... Minn G Lt 438 '50 "8 s 4 ww ! 5s 57 Net High. Low. Last.change. 32 50 012 3'2 [+3 10% 80 0t 51 50 50 364 9 96 94 G 9814 High, Montreal L ont L H i unson 8 8 65 ‘37 WW. Narragansett 5s '57. Natl El Pow 55 'T8.. Nat Pow & Lt 6s 2028 Nat Pow & Lt 55 2030 B. Nat Pub Serv 55 '78. Nebr Pow 65 A 2022. Nebr Pow '4l:s 81 Nevada Cal Ed 55 '56. . New Eng G E 55 '50. New Eng Gas & El 55 New Eng Gas & El 55 New Eng Pow 545 '34.. New Eng_Pow 55 '46.. . New Orl Pub Serv 4125 '35 N Y Foreign 513 '48 ww. N ¥ Pow & Lt 4'25 '67 Niag Falls Pow 65 '50.. . Nor Cent_Util 5'=s '48 A’ Nor Ind Pub Serv 55 '66 C Nor Ind_Pub Ser 55 '69 Nor Oh Pow & Lt 5's '5i.. Nor State Pow 4las '61. Pow 65 '60. n 5s_'60. v 55 '52_B.. 4% '56 D...L Qhio Pub Serv 5s 54 D. Oklahoma G_& E 55 '50 Pac Gas & El 4125 ‘5T E Pac G & E 4! Pac G & E 5':5 '52 C Pac G & E 65 ‘4l B Pac Invest 55 5 Pac P & L Bs '85.......00 Pac_West Ol 6ias ‘43! " Penn Dk & Ware 65 '49' Xw Penn El 4s 'T1f ... penn Oh Ed 65 '30 Xw Penn Oh Ed 5135 '59 B.. @ Penn Oh Pow & Lt 3125 ‘84 A Penn_Tel Corp 55 160 C.... Peo Gas L & C 45 '81 B.[. Peo Lt & P 55 '19 W¥...... Phila_El Pow 5las ‘72 Phil Sub G & EI 4125’87 Piedmont El 6'25 '60 A Pitts Coal Co 6s '49 Pitts Steel 6s '48 Poor & Co 65 '39 Potomac Edis 5s, Potrero Sug 15 '47.... Pow Corp Can 4% “58 B. Pow Corp N Y 5las '47 Pub Ber N H 4l;s 87 BL. Pub Ser N Il 4125 *78 D. Pub Ser N IIl 4125 '80 E Pub Ser N Il 4%:s '81 F. Pub Ser Sub 5!z Pug SA P & L Pug Pug S50 P & L Reliance Mang Rem Arm 5)2s Rep Gas 65 45 A..... Roch Cent Pow 55’3 St. L Gas & Coke 6s '47 Safe Har Wat dlas '19..... San Ant_Pub Ser 55 '58 B 10: Schulte R E 65 '35 xw Scripps 525 743, Shawing W&P 4% Shawing W&P 4las Shawing W&P. 4128 Shawing W&P 53 Snider Pack 6s '32... SEP & L 65 2025 A Xw.. South Cal Ed 55 'S1...... South Sal Ed 55 'S South Cal Ed 58 South Cal Gas 5s ! South Cal Gas 37 South Cal Gas 412s '61. Southern Nat Gas 65 '44. Souwest Dairy 6'2s '38 ww Souwest G & E_ 5s *57A.. Souwest L & P 55 '57 A Souwest Nat Gas 8s '45.. Souwest P & L 6s 2022 A Staley Mfg 65 '42. Stand G & E 65 212 80 91 98% 98% 97 105% 54% Sun Oil 55 34 Superpower 11l 4 Superpower Il Swift & Co 55 '40 Swift & Co 55 '40 1,147 Tenn EI Pow 55 Net Low. . change. Ve i 80 7 95, 34 =3 i — 68 Sales. 487 5.496 Tex City Gag 8 Tex El Serv Tex Gas Utll 6s Tex P & Lt 38 Thermoid 65 34 . Tri ULl s 'T9. Uten & Co 8s Union_ Elec 8§ Un Ry Hay 1%s Union” Gulf Corp, 88 Un Lt & P L Rub 6las U 8 Rub 6'2s Valvol Oil 7s '37, Van Sweringen 63 Vire El Pow Ss Virg Pub Sery . Virg Pub Ser Blas '46 Al Waldort Ast 75 Ward Bak 6s '37. West News Del 6s '4é.... West Pa §s 2030 West Pa Pow 4s ‘61 H....[ West Tex Util 8s '57 A. Westyaco Chilor Slas '37... Wise Pub B 6 '52 A Wise P & L 55 '58 F.. FOREIGN BONDS. (Sales in $1,000.) Agri Mtg Bk Ts 1046 ... Agri Mtg BK T3 1947 Baden Con Mun 7s 1951.. Bogota Mtg Bank 7s 1947 Bogota Mtg Bk 7s 1947 new Buen Alres Prov 7%s 1947 Buen Alres Prov 7s 1952 Cauca_Val Ts 1948.. Cent Bk Ger s 1952 A. Cent Bk Ger 6s 1951 B.. Chile Mtg Bk 6s 1931.... Com Privat Bk 5%s 1937. Cuban Tel /s 1941 A... Danish Con 5'%s 1955 Danzig Port 6las 195 Erc Mar El 6las 1953 A ww Europ Elec 6143 1965 XW.... Europ Mtg 7s 1957 C...... —Fin Ind Bapk 7s 1944.. Finland R M Bk 65 1961 Ger Cons Mun 7s 1947 Ger Cons Mun 8s 1947 Gesfuerel 65 1963 xw . .. Guan & West R R 6s 1958 A Hamburg Elec 5'2s 1938 Hanover 8t 0'/';,! 1949 Hanover City 73 2939 Hung Ttal Bk /s 1963 AG Isarco Hyd Elec 7s 1952 I Sup Pow 6s 1963 A xWw.. Lima Peru 6'as 1958 . Mansfeld M & S 7s 1941 Medellin Col 7s 1951 .... Meibourne Ele? 'l‘ha 1946, Mendoza Pr 17as 1951 « Netheriands 6a 1972 B . Nippon El Pow 6las 1953 Parana Braz 7s 1958 .. Prussia Elec 6s 1954 . Rio de Janeiro 6'2s 195 Ruhr Gas 6las 1953 A Ruhr Housing 6'2s 1958 Russian 8'zs 1919 ... Russian 6%as ctf N C 19 Russian 5138 1921 . Santiago Chile 7s 1911... Saar Basin Con 7s 1935 Saarbrueck T 1633 ... Senta Fe Arg 7s 1945 ... Santiago Chile 7s 1949 ... Saxon Pub Wis 35 1632 Stinnes 7s 1936 xw Stinnes 75 1646 Terni Elec 6'4s 1953 ..... Tietz 728 1948 xw 01l Uit Elec Serv 75 1056 Unit Elec Berv 1s 1956 xw Un Indust 6'2s 1941 ... FINANCIAL. TRANSACTIONS IN N. Y. CURB BONDS IN 1931 | o EX-DPLOMAT SAY S8E25L 85 [t *2 A1 .SNO DEMOCRACY, Former Austro - Hungarian Ambassador Says Trusts Turn Scale to G. 0. P. — 48 — 3 — 83% -0 38 3% 7 21 3 By the Associated Press NEW YORK, January 1.—Constantin Dumba, wartime Austro-Hungarian Ambassador to the United States, has | written his memoirs, to be published Saturday, and in the book he declares that, contrary to popular opinion, the United States is not a democracy. “According to its Constitution, the United States is a democracy,” Dr. Dumba says. “But in reality organized capital, ie, the trusts, turn the scale in favor of the Republican party and its protective system.” Of Woodrow Wilson's work for the League of Nations he says: “If we are to escape the untold horrors of another great war, it will be due solely to Wil- son's creaticn of the League of Nations.” Dr. Dumba publishes in his memoirs a copy of his letter to the Austro= Hungarian minister for foreign affairs, which accompanied a memorandum from the consul general in New York suggesting that strikes be arranged in the Bethlehem steel works and plants in the Middle West to disorganize and delay the manufacture of war materials, ‘The confidential dispatch was inter- cepted, he says, and caused the State Department to withdraw his credentials, He returned home to be appreciatively received by his countrymen. — 4 1 — o 3 =Gy Zha%t Zan e e iy 194 = ais p 1114 — 48 = 3% —18 ! 1 —43 1} s Zal Z =1y s0% 0% s 114 a4 — 12% 18 o 4,248 RENO DIVORCE RECORD FOR 1930 Previous High Mark 2,149 Last Year—Women Far Outnumber Men as Seekers. 2% 20 35 18% e 31 52% 38% By the Assoclated Press. RENO, Nev., January 1.—With a new six weeks divorce law creating an une precedented rush of the unhappily we Reno’s divorce mill ground out 4,24 divorces during 1931 to establish a record. The previous record was in 1930 when 2,149 divorces were granted. Women for outnumbered the men among_ the _divorce-seekers, County Clerk E. H. Becmer announced today. ‘Women plaintiffs numbered 2,632, while 1,616 complaints were filed by men. Cruelty was still the principal ground for divorce, 2,856 complaints being based on this allegation. Other grounds included: Desertion, 716; non-support, 619; insanity, 46; drunkenness, 7; TRANSACTIONS ON (Continued From Page A-12.) Sales. High. Low. s T 8 1 Uil P & Lt A (2K). ) Vadsco . Vadsco I Vanadium . Van Raalts’ 01000 n Raalte 15t pf Vicksb'gh Shreve & Pac Virg Car Ch ... i< V C Ch 7% pr pf (1.0 V C Ch 6 ptc pf Va El & P 6% pf (6) YalIrC&kC.. Va Ir C & C pf Vulczn Detin_(4) Vul Det pf (7) Wabash Ry .. Wabash pf A abash P! B 2 (1Y (6'5) ) Waldort Bys Walgreen pf Walworth . Ward b Ward Bak B [0 Ward Bak pf (1) Warner Pict ... Warner Pic pf (3.85) Werner Quin Warren Bros . Warren Br cv pf Warren Fd & Webster Elsen Web Eisen p{ Wells Fargo ... Wesson Ol & 8 (1) Wes Oil & 6 pt (4) W Penn EL A (T) W Penn Ei 77 pt (1) ... W Penn Ei 67 pf (6) . ... W Penn P 77, pt (1) : W Penn P 6 BI (6) West Dalry A . West Dairy B . SRR (Continued From Page A-14.) Last. change R 174 13ty 40 174 TRANSACTIONS IN N. Y. 502,400 9:300 154200 42300 703,400 266,800 9,520,300 21,789 51:900 1:800 137,000 Western Mary West Mary 2 pf West Pacific West Pac_pf Net i Y 4 =1 il Westingh Alr (2} 114 West E & M Weston E! Ins West El In A (3] < Lo B BR WD e RS RS REE Wheeling St Wheeling & Lake Wheel Stl pf (33 White Motor White Sew M. SRR Wilcox 0 & G Wilcox Rich A (2 Wilcox Rich B (. Willys Over g illys Over pf Wil (4408 Worth P & M Wor P & M pf A Wor P & M pt B Wright “Aero Wrigley Jr (4) . Yale & Towne (1 Yell Tr & C Yell Trk 7% pf Younk S & W (1) Young Sh & T . Zenith Radio ... Zonite Prod (i) 1,380.700 3970 117.800 51:200 76,800 224500 Year ago. 808.622.282 Two years ago, 1,120,011.95¢ Bales. Sales. 10,550 9,600 1,100 66,593 299.900 ! 4.300 7.800 2.275 U § Play cd_(2 U S Rad & Te U § Rad Unit Stores Unit Verde Unit Wall Pap Utah Apex M Utsh P & L of ( Utien G & E bt ( Utility BQuities viell @)z, 66.800 7400 11/400 400 13.900 5,600 2210 Walgreen 5 Walgreen war Walker Min Warren Wayne Pump Wayre Pump cv Welch Grape (Ig Wenden Cop West Jer & Seash Alr "Exp. Auto Bup A West Mass (29,) West White Rk M Sp (4).. West Un Tel (6} El & Mfg (213} 1pf (23 Westvaco Chl (160).°.. Whelling & Lake Ere. .’ "Erie ‘pi White Sew M pl.. 40H) | ® ) 0. CURB STOCKS Wateon (3 W) "1l of " @) @) STOCK EXCHANGE IN High, Low. L (RRRER (LR R Total sales, January 1 to date, 577,043.068 IN 1931 High 2072 10 Low 101 2 0% 2 834 Jersey, Indiana and Illinois stock put | p as’ collateral to secure a loan for| 6,750,000 made by various banks, is of | great intrinsic value and should be pre- | served under the receivership. | The Lehigh Valley stock was sald to be 21 per cent of that stock outstanding and represented an investment of $24,- 726,199. Under a proposed redistribu- tion the Wabash will get 53 per cent of American Refrigerator stock and share | Pproportionally in an invested surplus o | $0.969.507, and the New Jersey, Indiena | yili Uil Ut util van Van n k Vogt Wait/ nezuel Vortex Cup Waitt & B A bt Li ty Rauities Power & 1R} Ut P & Lt B ctf (IR). P : Utdlity & L pt & Ind & Ind p! (1 Camp Milk pf Camp : Camp 'pf Pet Finan (3 va Pub Ber .60) Mg Q t & Bond B (&0 West Pipe & Stl (2) West Pow pf (1) West Pow Lt & Tel A (2 Williams R C (.70) ... il-Low Caf ... il-Low Caf pf Wilson Jones Vinter Ben) Wisc P & L Woodley "Pet .. Woolworth Ltd " ('36) Woolworth Ltd pf ... Wright Harer (12%g) Y Ol & Gas e Youngstown S&T bt A’ (§74) @ Bt and Illinois stock has & book value of $1,347,637. GIRL, 174,718 ACCUSED OF AIDING JAILBREAK! Helps Man Charged With Non-Sup- port Get Away Day Before He Was Due for Release. Bpecial Dispatch to The Star. HAGERSTOWN, Md. January 1.—A 14-year-old girl was being held here to- | day on a charge of helping a prisoner escape from the local jail yesterday. The girl, Arlene Sisk, had been a fre- quent visitor to the jail since Paul But- Jer has been held for non-support, police said. Yesterday when she came o the jail Butler asked permission to meet her in the corridor to exchange wrist watch When the turnkey released the man from his cell, however, he made a dash for the door and escaped. He was cap- tured a short time later Butler’s parents had raised alimony due his wife, and he was scheduled to be released today, but did not know it the officers said Miss Sisk was held for bond of $500 by a Juvenile Court judge. ' DEMPSEY GIVES EX-WIFE | | $30,000 AND RESIDENCE | | Details of Divorce Settlement With Estelle Taylor Filed in | Los Angeles ! | By the Associated Press LOS ANGELES, January 1 of #he property settlement between | | Estelle Taylor, film actress, and her | former husband, Jack Dempsey, former | heavywelght boxing champion. were | revealed yesterday in a document filed | with the county recorder | It disclosed Dempsey gave Miss | Taylor the Los Angeles residen: $30,000 and $10,000 as a fee for her attorney, Joseph Bcott The agreement disclosed that Demp- | sey would pay the actress $10,000 cash Details | RETIRED BISHOP DIES Anson Rogers Graves,' California, Was Native of Vermont. LA MESA, Calif, January 1 (#).— Anson Rogers Graves, 89, retired bishop of the Episcopal Church, died at his home here yesterday. He came to Southern California 22 years ago after | serving as missionary bishop of the Platte district in Western Nebraska. Born at Wells, Vt, Bishop Graves was educated at Hobart and Racine Colleges. He served as rector at Platts- mouth, Nebr., and, except for three years spent at Bennington, Vt., as rec- tor of St. Peter's Church, devoted the remainder of his active life to the church in Nebraska and Minnesota. He was consecrated as bishop in 1890, re- Mayo | CHICAGO, | Lyle. and give a note secured Ly a mort- {gage on_real estate for $20000 more | | payable Tn installments of $5000 every | 60 days Tille to three expensive automobiles and a relinquishment to all claims to any money, bonds or other perscnal property already in her possession were contained in the agreement. She agreed to relinquish all claims to trust estates created by Dempsev with the tiring 20 years later. tions STOCK AND BOND By the Assoclated set in. Press. From Yesterday's 5:30 Edition, S8TOCKS. 50 Industrials. 20 Rails. |CHICAGO G. 0. P. LEADER | DIES AFTER OPERATION | Member of Cook County Board of Review Was Candidate for r Last Spring. By the Associated Press. January 1.—Charles V. | Barrett, Republican leader and member of the Cook County Board of Review, died last night at St. Joseph's Hospital following an operation for appendicitis. He was a candidate for the Repub- | lican nominaton for mayor of Chicago | last Spring, but withdrew before the | primary in an effort to unite support | behind Municipal Court Judge John H. Barrett, a lawyer, was operated on several days ago and llttle pressed for his recovery until complica- fear was ex- AVERAGES 20 Utilities. High, Adriatic Elec 7s '52 : Asri Bank Col 85 47 Bank Col ds '43.. rshus 55 '63...... Alp Mont L Antioguia Ts 45 A Antioquia s 45 B Antioguia 7s ‘45 C... Antioguia 7s 45 D, Antioquia Ist 7s '57. Antioquia 2d 7 '57.. Antioquia 3d 75 '57.....00 Antwerp 55 '58..... Argenune 65 57 A Argentine 61 '38 B st 59 Jun 65 159 Oct Arg st 65 1960 May.. Ars 65 1960 Sept. Arg 65 1960 Oct 65 1961 Feb.. ... . Afe 65 1961 May Argentine 5%23 G 1945 53 87, '56 437 chis (1 2 . Argentine 5s Australia 5s Australia 55 Australia_ 413s Austria gtd Ty Austria s '8 Batavian Pet 41:s Bavaria 6135 45 Belgium 75, '35 Belgium 7 Belgium 6)is 4 Belgitm 65~ '55 Bergen City 58 149 . Bergen City 55 '60 (1.1 Berlin City 6as '50 . Berlin Cily 65 '38 Berlin City Elec Berlin City Elec 6! Berlin City Elec 65 "33 . Berlin El Elev 6'28 '56 Bogota 8 45 . Bolivia 8s '47 Bolivia Ts '8 . Bolivia 75 '69 Bordeaux 6s Brazil Bs Brazil 7ias ‘5370000 Brazil 61,5 1026-37 .1 Brazil 6135 1927.57 Brazil C Ry El Ts Breda. Ernesto 7s Bremen 75 35 ... Brisbane 55 57 Brisbane City 55 Brishane_City 65 " British 5733, tish 55 29-47 tish 4s '60 Budapest €5 uenos A 61 s Buenos P 2d 65 '60 APr Buenos A 3d 6560 Oct Buenos A 6s '61. Buenos A Bulgaria 78 Bulgatia _Ts Caldas 7'as Canada s ? Canada 4115 '36 Carada 4s_'60.. Canada S S 65 Carlsbad 8s '8% Cauca Val Ttas '4810..00 Chile Mtg Bk 6%s '8i.l.0 Chile Mtg BK 625,57 Chile Mtz Bk 65 '6l. Chile Mtg Bk 65 62.. Chile e Chile Chile Chile Chile Chile hile 6: hilean Mun Chin Gov Ry Chris (Oslo) 65 '54 Cologne 6125 ’50... Colombia 65 '61 Colombia 65_'61 Colom Mtge Bk 15 Colom Mtge BK 73 < Golom Mtre BK 6ign '47. Comp Ant 7izs '$9,. .l Compani ctfs 7tas '39. Comp Az Bara, 7'as '37. Copenhag 55 '52....... Copenhag 41is '53 Copenhag _ Tel_5s Cordoba City s Cordoba City_Ts Cordoba Pv 78 Costa Rica T Cuba 5ius Cuba 4 uba 55 (1904) uba 53 (1914) Cuba 4135 49 . Cundinamarea’ 6124 Czecho 8 51 Czecho Bs '52 Boamark 6 Denmark 5ias Denn ark 4'is ‘62 Deutscoe BK 22228853 285233387 o oD Ba FEEE SR et bR £ 520 54 ww.. B Bl 152, 49 D E Indies siv 65 '62 D E indies 65 47 ... D E Indies 5'as '53 Mar D E Indies 5'28 ‘53 Nov El Pow Ger 8'as '53.... El Pow Ger 625 '50 Estonia Rep 78 '67. 100% 73 Net Last. change. i3 — 17 2 — 28 184 40 45 Low. 73 14 5 525800 SRR R RARSRRE SaBwSa Harpen Min 6s 40 Ww Heidelbg 7425 80 ... Helsingfors 6%s /60" Holland-Am Line 6s 47"/ Hungary Thas '44 ; Hung L Mtg I Tis "61 A Hung L Mtg 7%s '61 B . Hung Munic T'as '45 ... Hung Munic 7s '46 Tiseder Steel 65 '4i Irish _Free St 55 '60 Ital Cr Cons 1 37 A Ital Cr Cons Ts '47 B Ital Pub Util s '52 . Ttaly 7s '81 .. Japan 648 Japan 5ias '68. Jugoslevia Bank ‘I8 Karstadt 6s '43 Kreuger & Toll 55 Leipzig sig 7s '41. Lombard El 73 83 W Lombard El 78 '32 xw Low Aust Prov 7izs L Aus H E Pow 618 Lyons 8s '34 . arseilles 65" ‘34 Medellin Munic 833 '34.. Meridion El 7s '3 Met Water 5ias '50! Mex Irrig 4'as asstd Mexico 65 sm_ast '3 Mexico 65 asst '33 Mexico Mex st Mex 55 Mex 10 gld 48 asst sm 45 Mex 45 1904 ........... Mex 10 gid 45 ‘asst 45" Mex ‘04 gld 45 asst ‘34 Miag M M T8 '56 . Milan City 3 Minas Geraes 6! ‘3800 Minas Geraes 6135 '59. ctfs Montecat M & A'Ts '3T ww Mont M & A 75 '37 Xw. Montevideo 7s '83.. Montevideo @5 '59.. 11000 Netherlands 6s "72;..):.00 New South Wales 55 ‘87 New South Wales 55 '88. Nord Ry sf 8las '50.. ... North Ger Liovd 6s '47... Norway 85 '52.. Norway 6s Norway 6s Norway 5%s Norway 85 '63.. Nor Mun Bk 5567 un Bk s '70 Ctfs. .. ‘weg Hyd El 5135 '57..0 Nuremberg 0s '52.......00. Qntario Pow & S 5%as 50 Orient Dev Ltd 63 53 .... Qrient Dev Ltd 5las 'S Qslo City 68 55 ...... Oslo City 5as Qslo G & E Wks 55 '63 Panama 58 53 ..... Panama 55’63 A. Par-Lyons Med s '38 . Par-Lyons Med 65 '58 ..., Par-Orl R R 5%s 68 . Paulista Ry 7s 43 ... Bernambuco 7s 47 . Peru 75 '59 ....... Peru 1st 6s '60 . Peru 2nd 6s 1961 Pirelli 18 '52 . Boland 8s '50 Poland 78 ‘47 Poland 65 '40 46 TRANSACTIONS ON N. Y. BOND EXCHANGE IN 1931 (Continued From Page A-13.) felony, 2, and adultery, 2. FIRE BLOCKS TRAFFIC ON LEE HIGHWAY Nursery Building Deetfuyed at $3,500 Loss—Hose Breaks Hamper Firemen. Net Last. chang 27 " — 50 AT By & Staff Correspondent of The Star. LEEWAY, Va., January 1.—Traffic along the Lee Highway wes cut off from Glebe road to Falls Church for nearly two hours this morning as all of the Arlington County fire departments fought a blaze that destroyed a bulld= ing at Leissler’s Nursery near here. The damage was estimated at $3,500. The fire started at 7:15 o'clock, a few 1 minutes after six men who had sleeping quarters there had gone to breakfast in another building a short distance away, When discovered the entire roof was on fire and by the time firemen suce ceeded in laying hose from the nearest fire plug, a quarter of & mile away, the blaze had gained too much headway to save the building. It is thought that the fire started from & stove on the sec= ond floor. A Firemen reported that their work was serfously hampered by the breakage of six lengths of hose. The Board of County Supervisors, which went out of office at midnight, had advertised for bids for 6,000 feet of new hose, but were prevented from making the purchase by reason of an injunction secured in the Cirguit Court, The new county board will be asked'to purchase immediately sufficient hose to replace that found to be defective. The injunction prevent ix;f the purchase of the hose automati= cally expired when the old governing body went out of office. OIL MAN’S WIFE SUES 2225 BSEERE S5 I S8as ofchamubiteat® FEEERERIEEE R EE RS (RERNI Porto Aleg 83 Porto Aleg Tiis Prague Tlas '5 Prussia 65 Prussia 6las Queensid 75 Queensld 6s '47 Rhinelbe 78 *46 . . £ Rhine Main 7s '50. < Rhine Ruhr Water 65 '3 Rhine Westph 75 '50 ..... Rhine Westph 6s '52 .. . Rhine West 65 '53 xw ...l Rhine West 6s '35 ww.... Rima_Steel Ts Rio de Jan 8s Rio de Jan_6} Rio Gr do Sul Ric Gr do Sul Ts Rio Gr do Sut Ts Rio Gr_do Sul 6s Rome 6'z8 '52 .. Rotterdam 8s '64 Royal Dutch 4s Rubr Chem 65 Rumania Inst s Saabrueck 6s Salvador 8ao Paulo Sao Paulo 8a0 Pawlo Sao Paulo Sao Paulo St 7Ts '56. 8o Paulo St 7s '40 Sao Paulo 8t 6s Sante Fe Arg Ts Sax Pub Wks Ts 8t 8s 23 — 5202 WIDOW FOR $600,000 Mrs. Gertrude McIntyre Files Ac- tion Against Mrs. Nellie S. Elliott of Chicago. By the Assoclated Press. SAN FRANCISCO, January 1—A suit charging alienation of affections and asking $600,000 damages was filed in Superior Court here yesterday against Mrs. Nellie S. Elliott of Chicago. The plaintiff is Mrs. Gertrude Mc= Intyre. wife of Willlam G. McIntyre, oil man and broker. The suit charged Mrs. Elliott with failing to keep en agreement made five years ego in New York, where she settled a $350,000 suit by promising to have nothing more to do with McIngyre, Hiram W. Johnson, jr., attorney for Mrs. MclIntyre, said. Hotels in New York, Toronto and New Orleans were listed in the suit as places McIntyre and Mrs. Elliott were alleged to have stayed at the same time. McIntyre was the founder of the un=- | listed Stock Exchange of Los Angeles, and’ formerly maintained offices in San Francisco, Chicago, Los Angeles, Denver and in Texas. Mrs. Elliott was sald to be the widow of Percy Ellott, millionaire manufac- turer of railroad supplies. Sax Pub WKs 6las Saxon St Mtg I 7s Saxon St Mtg I 6las feine 75 43:....0oo. Serbs cts Sloy 8562 Serbs Cia Biok s g3 hinyetsu a8 8300000 Siemens & Hal 7s '38.. Slemens & Hal 6725 "51.7.00 Silesia El 6Y%s '46....0...0 flesia Prov 7s '58.. llesian Ld Asn 65 47 isson 6 Styria 78 46, 5l 25%% — 321, 26" — 52 20% — 537 106 — 1% — 44 # =4 43 — 3 58 38 — 390 0 17% — 45 343 — 20% 217" — 433 PRISON BATTLE HURTS 16 Cubans Wield Fists, Mops, Buckets and Other Weapons, HAVANA, January 1 (#)—A story of bitter fighting between litical and common prisoners, in which 16 were in- jured, was related by Principe prison Sweden SWISS 5la8 46 .. ydney avas 186011111 Taiwan Elec Pow 3138 Toho EI Pow 7s '55 Toho Eleo POW 65 Tokio City B'as '61 Toblo City 85782 Tokio t 6s 330 Tolima Dep 7s '47 Trcndbjem. 8i.s '311110 Tyrol Hy El Pow 7128, '35 Tyrol Hy El Pow Ts '52 Uligawa El Pow Ts_'45. Un"stl Burbach iy, sl n"sti Burbach Ts '5i: §n Stl Wks 6lzs '51 A.... Bank of Mankattan Trust Co. and also any interest in the Baroara Corpora- tion, & hotel company said to be con- trolled by the former champion officials yesterday. Lieut. Diaz Galup, military chief of the prison, sald animosity between the two factions broke into open warfars Wednesday night, when fists, mops, buckets and other avallable weapons were utilized. Fiat 75 46 xw ... Finland sfg 73 '30 Finland 625 '56.. Finland 85 43, Finland 5125 Fin Mun L 6 Finnish M Fram 1 D Frankfort 635 French T'is 41 French 75 '49.. Gelsenkirchen 65 3. Ger C Asr_Bk 7s '50. Ger C A BE 6s Ger C Asr Bk 65 Ger C Ag Bk 6s Ger Gon AT r Govt Inf Ger Rep Ger Gen Ger Gen Ger Gen Good " Hove | raz 2 ' Con B1 B 98D 75 44 t Gon EI P Jap 628 ‘80 reek 75 Greek 65 Haiti 65 Hamburg St Hansa 8 § Line 65 '30 W 63.0 62,5 61.4 13.8 118.5 .207.9 S 107, 140.2 ceeens 60.0 .202.4 323 32.3 32.4 38.8 92.3 133.0 107.0 106.2 30.8 141.6 86.4 167.8 98.1 99.1 96.8 113.2 160.7 1959 103.7 203.9 92.8 281.3 146.5 353.1 156.3 Today....... Previous day.. Week ago. . Month ago. Year ago... Three years 2go... Five years ago High, 1931 Low, 1931. High, 1930 Low, 1930. High, 1629 Low, 1829.. AIR LINES’ PASSENGER | RATES CUT ONE-FIFTH; e FIVE FROM CAPITAL HURT IN AUTO CRASH Car Badly Damaged When It Hits Culvert on Maryland Road. Injured Brought Here. Special Digpatch to The Star. BETHESDA, Md., January 1—When | | it All Routes Included in Reduction Effective at Once—New York to Los Angeles Now $160. By the Associated Press. NEW YORK, January 1.—A reduc- tion of passenger fares, amounting, roughly, to 20 per cent on all lines, was announced yesterday by American Airways The all-air fare from New York to Los Angeles was reduced from $200 to $160 Other new fares announced were 2358332 ST 5505500 Money to Loan !tclm b; fll’" deed ".',: llu Jolepi: i" eller &2 eller g0 Money on Hand to Loan on First Deed of Trust 69 Interest . Reasonable Commission and Prompt Replies to Applications -/ JAMES F. SHEA 643 Indiana Ave. NiW. BpRes: n Stl_Wks_6'2s '47 A. R A Unterclbe P & L 6s '53.. Upper Aust 7s '4 Upper Aui: 8l 31 U ruguay g5 46 g ol r M ay Venetian E Vienna City 85 52 Warsaw City Ts Westph Un El Pow 3 Wurttemberg El Ts "56.. Yol:ohams s '61.... &+ 20 Utilities. 82.3 814 82.4 ustrials, S aakablee Ind Today . Previous day.. Week ago. . Month ago. Year ago.... Two years 2g0. ‘Three years ago High, 1931, .. Low, 1931... High, 1930, .. Low, 1930 High, 1929 Low, 19 an automobile, operated by Theodore H. Pfeiffer of 4438 Forty-second street, | Washington, struck a concrete culvert on the old Georgetown road near Bat- New York to Cleveland, $32; New York: tery Park about 12:30 this morning, to Dallas, $102.45; Chicago to Los|he and four companions were injured Angeles, $13395; St. Louls to Los| The others hurt were Virginia Turner Angeles, $120; Cleveland or Akron to|of 3300 P street. Dorothy Burch and 1os Angeles or Phoenix, $130; Colum-|Ella Burch of 1308 Thirty-sixth street | bus or Cincinnati to Los Angeles, | and Billle Howes of 3057 Becker street, | Phoenix or ‘Tucson, $127; Dayton, | Washington. | Louisville or Nashville to Los Angeles,| All five were taken to Georgetown $127; New York to Fort Worth, $10245. | University Hospital. The car was bad- The new rates go into effect imme- ly damaged. Rodgers and diately. Officers De Nell and investigated. o ports over imports continues, the gov-| - During the calendar year fmports ernment’s fiscal year ending next March will record a favorable trade | fotaled $090,188,000; It Daotribes balance, the first in some years. timated. The corre Already for the first nine menths of | yeor epanding’ fure s the fiscal year & favorable trade bal- | JC&T 280 Was $1008,479,000. Exports ance estigiited at $32,463,000 has been | totaled 4610.288,000, compared with recorded. $905,461,000 in 1930, Adverse Trade Balance Cut. OTTAWA, Ontario, January 1.— Canada reduced its unfavorable trade balance from $103,018,000 to $7,500,000 in the calendar year 1931, the Do- minion Bureau of Statistics estimated. If the same preponderance of ex- |