Evening Star Newspaper, January 2, 1932, Page 17

FIN/ ANCIAL. THE EVENING STAR, . b CURB ISSUES MOVE IN NARROW RANGE Pivotal Stocks Show Only Fractional Changes at Short Session. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, January 2.—Opening highem and quiet. the initial 1932 ses- sion of the Curb Exchange moved through its early trading today with most issues virtually unchanged. Electric Bond & Share was active but moved only fractionally. Cities Service was off '3 at 5%. Standard Oil of Indiana opened up 3, but lost most of this gain on succeeding trades American Gas & Electric, with an over- the-year-end gain of 13 points, record- ed the widest upswing, while American Commonwealths Power B off from 1 to 3, of a point on a few trades, on a percentage basis, showed the widest loss | A gain was recorded by the first stock to appear on tape in the new year It was St. Regis Paper at 3%, up 's. Of the first 32 issues to appear on the tape this year 13 registered fractional gains, 10 were unchanged from their year-end levels, and 9 suffered slight declines. The market showed:a dispo- sition to slow down in volume after | the first 50 trades. Goldman Sachs Trading Corporation a feature of the closing minytes of the 1931 market, when Atlas Utilities an- | nounced it had bought into it, was outstanding again today in point of activity, though the brisk turnover was not marked by such a price apprecia- tion as took place within 10 minutes Thursday, at which time the stock added about 75 per cent to its market value American _ Commonwealths Power I Stocks sold in 100-sha, ~Prev 1931.. ocl les- - Dividend Agfi Ansco Allied Mills Inc..... Aluminum Co of Am 3008 Am AustinCar...... b Am City P&L (A) a3 1 AmCit PEALBb10% 2 AmCom P A (b10%) 41 Am Com Pr B(b10%) 7 Am Com Pwr 1st 6% 50s Am Corpn (f30c). 2 Am Cyanamid B 3 Am For Pow war Am Founde: Am Gas & Elec (1 Am Gas & EI pf (6). Am Invest Inc (B).. An Invest war Am Superpower. . Am Util & Gn B vte. Am Yvette Co.. Inc. Appalachian Gas . Arcturus Rad Tube. Arkansas Nat Ga . Arkans Nat Gas A .. AsS0G&E] (A) b3%. Ass0 G & El ct (8) Atlas Uil Corp. Atlas Utilities war. . Biue Ridge Corp. Blue Ridge cv pf Buff N&EP pf (1.60). Canadian Marconi. Carih Syndicate. .... Cent Pub Sve A h5%. Central States Elec. . Chief Consol Mining Cities Service (g30c) 108 Cities Serv of (6)... Col O11& Gas vtc. . Columbia Pic vtc. ... Commwlth Edison (8 50 Cmwlith & Sou war.. Consol Auto Merch Consol Copper. Con Gas Balto ( Cooper Bess pf (A).. Cord Corp .- Corroon&Rey pf(A). Crown Cork Intl (A) Darby Petroleum.... & Dayton Air & Eng. Deere & Co. De Forest Radlo. ... Derby Oil Refining. . Detrolt Afrcraft. Duquesne Gas..... Durant Motors. ate. lots excent those designated by letter “s.” x and Add 00. Open Prev 1931~ igh Low. LI bl % 8% 1% 25% 4% 101 30% | Div Magdal, 3u Mid W Mo-Kan Pipe Line. .. Mo-Kan Pipe L (B). K] Mounta. Nat American Co Nat Avi Nat Bd Nat Container pf(2 Nat El Nat Inv Nat Pow & Lt pf (6).10 Nat Transit (1)..... New Jel Niag-H Niag-Hi Niag-H Niag-H Niag Share(Md) 20c. Newmo Ner Central Texa Nor Pipe Line (4) 4 Nor St PacG&E 1st pf 1%. Pennrog Pion G Plymou Prod Roalty (b10%) Pruden Pub 1t Reliabl Rellance Int A. Reybar St Anthony Gold. t Regi. Selected Industries. Sle Ind Sentry Shattuck Den Min. .. Shenan Smith ( So Am Gold & Pla South Penn O11 (1). SoCal Ed pf A (1%) SoCal Ed pf B (1%). Sou Cal Southern Nat Gas Southld Stand Ofl of Stand 01l of Ky 1.60. Starret Stutz Motor Car. Swift & &tock and Mais Bottling (A). Michizan Gas & Oil. Mid West Ut (b8%). NEW YORK CURB EXCHANGE Received by Private Wire Direct to The Star Office, 00 0 High. Low. Cl idend Rate. Add 00. Open. High. Low. Close. ena Synd. ... * k& & ~ [ * 5% 35 1'% i) 214 & 5% Utcvpf xw 6 in Prod (80c) 2 fation. 14 & S Co 19% 9 1014 27 65 T 22 6% D R B M O S Pow A (1.80). estors. . . S rs Zinc (13).. ud Pow (40c) ud Pow A w.. ud Pow B w.. ud Pow Cw. . nt Mining ) WM I BRI R RN . Pow A (8)... ad Corp (40c) M Ltd (12¢). uth Oil (50¢). tial Invest. 1l Hold xw e Stores n Co s Paper. . alctfs(5%). Safety Cont.. doah Corp pf. A 0).. s Ed pf C(1%) Royalty 20c. (1). " t Corp.~ Co (2) LEADERS N GRAN Some Authorities See Pros- pects of Further Gains in Prices. BY JOHN BOUGHAN, | Associated Press Market Editor. | cHicAGO, January 2—Hopes of |much better wheat trade conditions A key reason given is that reports now "at hand warrant estimating the world's | wheat crop this season at around 100,- % (000,000 bushels less than the previous season’s total. This estimate, too, makes no allowance for poorer quality of the yield in many European countries, and ior a practical certainty thai the rye crop is almost 200,000,000 bushels chort, exclusive of Russia. Small Gain Recorded. Compared with a week ago, wheat at prosent shows 7a-13; cents a bushel gain, with corn 15-1!> up, and oats 1-13 advance, but provisions 7 to 25 cents off. / The start for 1932 finds the United States Winter wheat crop contending with an adverse prospect in the West- | ern sections of the belt. Nearly 10,000,- 000 acres, 25 per cent of the country’s ‘Winter wheat total territory, has a very low condition, and there is decided ap- prehension relative to the outcome, ex- perience indicating that a sub-normal crop condition at this stage usually re- sults in heavy abandonment of acreage later on. Although the outlook in the | more Eastern parts of domestic Winter | wheat territory is at present favorable, | the fact is pointed out that should any- ¢ | thing happen to reduce production in N ithis area the 1932 final harvest may Ishow one of the smallest aggregate crops . in recent years, especially as the total seeded area is the least in extent since 1914, TRADE OPTIMISTIC within the next few weeks are being | 3 | voiced by some leading authorities. AL. *¥¥ B35 WHAT HAS HAPPE! Preity Judith Denninx. Eas | #ood-looking Stanley Carter, spoiled son of & | weslthy California famiiy Ve . on their wedding night. Stan Appears nerv- dinner he leaves their drawing Hours alone. NED SO FAR. Easternas m en at last returns—drunk—he tells ot ell.” Morning finds repentant and ~ apologetic. Judy's s vanish and she forgives. CHAPTER VL UDY thought a good deal about Stan’s family on that trip out West. Every mile seemed to bring the fact of their existence more clearly to mind. Stan had spoken of them before this, of course. He had outlined their plans {to Judy. “We'll go on back and stay with the family for awhile. You won't Imind for a month or two, will you? ive me a chance to get on my feet financially. It's like this, honey, I've always been careless as the deuce with money, just having myself to look out {for ... and I spent every red cent I made. You know how it is—" And Judy, who had lived under the decent, frugal roof of Aunt Hetty— Judy, whose small salary had been rig- |idly apportioned to cover her few small | wants, tried to be fair to Stan and know how it was. ... Stan came from ia different world, where money was |tossed about like water. Stan spoke with easy familiaritv of things which, to her, were the half-mythical pursuits of the wealthy people she read about in the Sunday supplements—polo games, yachting parties, bridge debts—things which the natives of Summerfield did not dream about. So it was settled that they were to live with Stan’s people in the big fam- ily house at Lockwood. Judy would in- finitely have preferred some small apartment, either in the suburbs or in San Francisco, but she could see what an advantage it was for them to be ‘rent free at first. Stan worked for a |stock and bond house in the city. i Things had been quiet, he told her; | commissions had been few and small. | But things would pick up. They would live at home and save for their own | m qualmi te Wife By~ < | Ann Forester | | | There’s Keegan—hello, Keegan.” Stan spoke to the chauffeur, who came for- ward to meet them. “Good evening, Mr. Stanley. I have the car right over here.” Judy, fighting that miserable self- consciousness, hung on to Stan's arm and murmured dramatically, as they followed the chauffeur with the grips: “This is too, too much! Darling! I/ feel like the lady of the manor, being | met by the adoring peasantry! His| young ludship returns to the ancestral | home with his bride! I'm only a sim- ple village maliden after all; don't givel me both barrels at once, I can't sn;ndi 1" It was nonsense; the same sort of | light-hearted nonsense she had chat- | tered back in Summerfield, a gallant cloak for the girlish fright and bash- fulness which were swamping her. Usually Stan laughed and liked it. It made him feel wealthy and important, as the nickname they had given him at college made him feel. But now she saw that Stan had changed. He was| holding himself very erect. He was walking her so quickly to the long, cream-colored car that she almost had to run to keep up with him, and Judy saw that his gaze was averted from the rows of waiting machines about the station. A signaling tap of an auto horn | caught Judy's attention. Two girls, in & smart roadster, were walving widly | at them, | “Stan, there's some one over there | calling to you.” | “Come on; I don't want to see them.” His tone was so savage that her eyes| went up to his face in alarm. Stan's handsome profile was set and strangely | white, as it had been on the day of his | wedding. | (Tomorrow—Judy Meets the Family.) | Stopped Checks in Ireland. ‘ Stoppage of American checks has been felt keenly in County Galway,| Irish Free State. At a recent meeting | of the Galway County Vocational Edu- | cation Committee M. McGuisness, na- | BRITISH GOURMETS HIT BY TARIFFS Early Vegetables and Fruits, Chiefly From France, Taxed 100 Per Cent. LONDON, December 25.—Lucullan feasts in the British metropolis, at least in the present Winter, have suffered a heavy blow at the hands of Sir John Gilmour, minister of agriculture. With duties up to 100 per cent. to be imposed upon imports of early vegetables and fruits the gourmet must be a hardy individual possessed of a comfortable bankroll who will regale a company with such early things. Although the great meat-and-beer men of the past were content to satisfy their palates with seasonal “grub” their successors of modern times include a goodly company which prefers lighter and choicer fare. Even airplanes have been brought into use to supply the festive board in London with fresh mushrooms, strawberries and asparagus from the south of France. A small plate of strawberries at such winter banquets has cost from $1.25 to $1.50. The list of articles affected by the tariff numbers twenty-six and includes in fruits cherries, currants, gooseberries, grapes (hothouse) plums and straw- berries. The vegetables include aspara- gus, green beans, broccoll, cauliflower, carrots, chicory, cucumbers, endive, lettuce, mushrooms, peas, potatoes (new), tomatoes and turnips. Even the floral decorations for ban- quets as well as for weddings will not remain unaffected in the unseasonal periods, as tariff will be placed upon such imports. The total imports affected by this tariff on luxuries amount to more than $12,000,000. No country will be more hard hit than Prance, for it is the source of a large amount of the luxury vegetables. Between January and August, 1931, the imports of French asparagus came to 1,675 tons. Cut flowers from the Continent were valued Corporation B shares showed the widest | Duval Tex Sul wi Swift Internat’l (14) Throughout much of thz Spring wheat | apartment. | tional teacher, said that up to a year | at $4,600,000 in the first ten months o# percentage in decline today, following the appointment of receivers for the East Utll Assoc (2). company, which only recently received its shareholders' approval to reduce | the par value of its shares 5o that the | money might be transferred from cap- | ital to surplus. | Utilities Power & Light securities | were somewhat lower, though earnings | to be announced shortly are expected to show better than $3.20 a share on the A stock, Swift & Co., one of the last corporations in 1931 to announce the acquisition of additional properties —it bought two small Western concerns Europ Elec deb rts. . rop E L.td A (60c) Ifederated Capital. .. IFederated Cap cu pf. Ford Mot Litd 36 3-5i Franklin Mfg. . Gen Aviation. . Gen Empire (1) —opened off 3 point today. National Transit opened up 33 and Missouri Kansas Pipe Line was inclined to firmness. Some of the pipe lines, notably those operating in Texas, have joined together to prevent surpius pro- | duction at this season. Northern Pipe | Line opened up & point. National Investors, which was whirled | in the final half hour Thursday as a | result of the earnings statements of its | subsidiaries, lost a_considerable part of | that advance today. Prudential In- | vestors was off & point on two trades. Blue Ridge and Shenandoah issues e joyed a flurry following the large turn- over of Goldman Sachs. BONDS ON THE CURB s DOMESTIC BONDS. Hign. Low. C 782 Bale: in thousands. lose. 82 96% 9'2 P 1 Appalac Gas 65 B 1 Appalach Pow 55 P & L 5 7 Cont G s 11 Continen_Ofl 5%s 2 Gudahy Pke 5'25 ' 3Dela El Pow 5ias 5 Eact Ut Inv 55 A '3 25 Edis El Boston 55 '33 26 Elec P & L 55 A 2 1 Empire O&R & 5128 "4 ) L'ss 54 | i8'a 80| 26 6; 65'4 | come | squelched and the Gold Seal Elec new Goldman Sachs 4 Gorham Inc pf. Goth Knitback Mch. 2 GUAt&Pac Tea pf(7) 10 Groc Strs Prod vic. . Gulf Oil of Penna. Hydro EI Securit. Hygrade Fooa Prod. 111 Pow & Lt pf (6) Insull Inv (b6% ) Int Petroleum (1). . Internatl Utility (A) Int Utilities B. .. Int Utilities war. Interstate Equities ltalian Superpow A. Lone Star Gas n 88c. Lony Island Lt (60c) Long Isld Lt pf (7). 122% 6% 6% 0 6 9474 513 17 90 36% 112% 1 208 9 Taggart Corp Tampa Eiectric (12) lennessee Products. ob I'ra Trans Lux DL P Un Gas Union Init Dry Docks. . nit Founders. it Gas Corp. 5 it Gas Corp war. nit Lt Urit L & Pwr pf(6). US Da USE S Fol| U S Int, Unit Verde Exten (1) Util Po P&L(B)cfs Utility Ut & 1 Van Camp Pkg. Van Ca Vick Fi v Watson 6l Woolwt 1% 2 Com Ed Dividend rates in nual payment & Payable in cash o dividend. {fplus 5% stock. 1Plus 2 in stock. n Pius 8% In 11 815 9% 3% 93 ' *Ex dividend. in stock od of Del wi. . PR B RO AN N OE - Oe of Canada(1) )1 Assoc (2). rore &PwA(1).. iry (A) (6). Pow ww 1 (B) (50¢)... er Sec st pf. & Lt (b10%) 10 % Equitl DAl mp Pkg p! nancial (30¢) (J W) Co h Ltd 17 4 RIGHTS—EXPIRE ison, 5 1% 1% 1% 1% dollars based on last quarterly of semi-an- fPartly extra. 1Plus 4% in stock, bPayable in stock. e Adj € Plus 6% In stock stock. 3% —no regular rate, S ararbrous Rank B8 0 B » ~ rstock. stock in tock. ye AUTO PRODUCTION | Adjustment of Output to Sales Pianned by Lead- ing Manufacturers. BY DAVID J. WILKIE, Writer for the Associated Press. DETROIT, January 2—Twenty-three years ago the autcmobile indusiry en- terad wnat became known as tke “pro- duction era” of its histery. At that time the scoffers who termed the motor car & “fad” or a luxury available jonly to the man of mecans had been drive to establish antomobile making as a major industry | got actually under way The industrv ends a year marked by developments probably as important any that have transpired in its history since it began “manufacturing” moto cars rataer than “building’ them. T control of production that bhalanced ontou’ wich consumer demaud has be- more sharply defined and tae reduction of factory inventories has 642 208 q 8215 | 9 Jer C P&AL 4%25 C '61. 8 3Kresge 55 '45....... 94 5Lehigh P 8 6s 036 6 8 Libby McN & L 5¢ ‘42 T 7003 SLa P & L 58 '37 88 51 86 30 4., | production records that marked 3 L 4325 67 5 Niag Falls Pow 6s o9y & [ 83% 9338 85 83 " 88 1021 103Y% 1007 1007, 3 93% 7978 8870 k 65 '32.. A 2025 xw ) ider Pi E PAL 65 uth Calif Ed 58 South Calif Ed 55 'S outh L&P 535 A 2 " 1 Sothw P&L 6s A 2022 ' 18taley Mfg 65 '42 18tand Gas & E 65 '35 7 28tand GAE cv 65 '35 5 8tand Gas & E 65 '51 5Stand Iny Slas '39. 82! 2Standard P&L’6s ‘57 9 20nit P & L 6138 /74 2United P & L &5 '15 1Unit Pub Ber 6s A 42 15 ! '3 6% 56 64 19% v 25 7Wes Tex Ut 55 A '57 59% FOREIGN BONDS. 2 Bogota Mtx Bk 75 ‘47 203 1 Cauca Valley 7s '48.. 11 1Are Mte Bank 7s '48 7 Arg Mig Bank 7s ‘4T 3 Burop Mte 1s C '67 4Pinld R M Bk 6s 15 Ger Cons Mun s ' g Ger Cons Mun 7s | 20% 11 23 2 23 26% 30 21 23 19 311, 3810 213, 58 20 4 8antiago Chile’ 7s '49 9 Saxon Pub Wk’ 5s ‘32 Stinnes 7s '46 xw Terni Boc 6l.s A ‘53 With warrants 10 254, 25 58 ww xw—Without warrants, n—New wi—When issued. | been pushed vigorously forward. See New Lra. Many euthorities in the automobile industry see in the developments of the | past 12 months the beginning of a new | eca in the production and merchandis- | ing of motor cars. While all agree com- petiti>a for consumer favor will be keener than ever before, there never again will be the headlong rush for | the ear 1929, Controlled production, they has come to stav in the industry, d ‘or every automooile produced in <he future there will be as nearly as 1 ne determined at least a potential next step in the de: - new order of things—some are dis- posed to term it the “re-making of the motor car industry”—leading observers say, will be an entirely new status for the used .ar. The used car long has ben one of the biggest problems the jndustrv has had to meet. Junking lopment cf “|plans have been conceived, but they | liave only partly solved the problem The teal solution, some authorities hold, cannot be reached until some plan 35 adopted thas will fix the trade-in value of the second-hand car regardless of wherz or to which dealer it is offered as part payment on a new vehicle Used-Car Problem. | The disposition of some dealers to | outbid others in their allowance on the used car has been termed by Alvan T Macauley, president of the National Automobile Chamber of Commerce, a | “viclous practice” that needs to be cor- rected if the industry is to speed its recovery to normal business conditions, | The used-car problem made its appear- | ance almost with the beginning of the mass-production era and has been pres- ent to annoy sales executives and pro- duction managers ever since. | that may happen in 1932, the industry | expects to produce and sell next year 3.000,000 passenger cars and trucks, and if its expectations are realized, it wi]] | feel satisfied that its faith in the motor | car as an economic necessity has been substantiated. ‘When final production figures for 1931 have been computed, they probably wij] not exceed by very many units the pre- vious estimate of 2,000,000 cars and trucks. The point of satisfaction the industry can derive from this lowest | output mark in a decade, however, is ione of no small significance. It is the fact that, with the exception of abso- lutely necessary dealers’ stocks, every car manufactured during the past 12 months has been marketed. The same will be true of the 1932 output. If 3,000,000 cars are made, very close to that number will be pur. chased by consumers. The 3,000,000 mark. in any event, will be the 1932 objective of the motor-car industry, and while the cars will be markeied at a HEAVY TAX ON BACHELORS HITS NEW FREEDOM GEAREDTODEMAND k.omaccs RN OF TURKISH MEN Given Set Back When Citizens Take Advantage of By the Associated Press. ISTANBUL, Turkey.—The emancipa- | tion of Turkish men,,almost as big an achievement of the Kemalists as the emancipation of Turkish women, has received its first setback. To the sons of Turkey, whose mothers always used to choose their brides for them, the new right to marry whom they please or not at all was as heady a freedom as any that the daughters of Turkey gained. Under the new regime it became a merry and popular thing to be a bachelor. Now government pressure is to replace parental. A celibate tax. just proposed before the Angora Parliament, will take all the joy out of bachelordom. New Tax Crushing. The Nationalist government is sincere enough about equal rights for men to impose the tax on spinsters and widows who fail to remarry, as well as on bach- eclors and widowers. The women are merely given 10 years of immunity as a | bit of baksheesh. The proposed tax will hit all unmarried men between the ages of 25 and 45 and women will be exempt after 35. The phenomenon of bachelors and bachelor girls in formerly much-married Turkey will speedily disappear, for the tax is crushing, doubling the existing heavy income, land and real estate taxes for all celibates of the ages affected. The world has made a great to-do over Ki 1's ipation of Turkish Right to Remain Single. | women, but has scarcely noticed the ;newly won freedom of Turkish men. The right of failing in love on his | own instead of submitting to parental dictates, is only one of the new liberties of the young man of Turkey. Another is the right of having a career outside the army and government. To good | Turkish families, these were long the only professions deemed worthy. Busi- :;ess was left to Greeks, Armenians and 2ws. Necessity Makes Nobility. Hard times and Kemol's destruction of cld soclal traditions have combine: to create the neaw attitude that work is not only necessary but noble. Th= sons of Turksy now are out for any jobs they can get; they are pouring into banks and business offices. | Masculine headgear in the new Tur- key also gives the opportunity for free flights of personal fancy. The fez has been ordered off and the hat on. There was only one fez for all men, but now there are as many types of hats as the vanity of many anywhere in the world has been able to devise. The “man about town” is another phenomenon of the new Turkish free- dom. There used to be no “town” for |a man to be about. Solemn coffee houses where gravbeards sat drawing portentously on hubble-bubbles were | Dot conducive to the development of gay young bloods, but the new Turkey's cabarets and tea-dances, dinner parties and balls, have come to the rescue of men whose soclal prowess hitherto price probably lower than ever before in the history of automobile making, qual- ity taken into account, virtually every company comprising the industry ex- pects to show a profit on its balance sheet at the end of the next 12 months. Continued delay in the appearance of the new Ford car and the absence of any official indication of the presenta- tion date has served to further arouse curiosity regarding the changes to be | made in it and to add further to the numerous rumors concerning it that have been circulating for the past sey- eral months. ¥ ‘The trade generally has expected that the new Ford car would be ready for presentation about January 1. There has been nothing to indicate, however, that it will be announced before Janu- ary 15, if by that date. One of the most popular conjectures concerning the delay is that the Ford company is awaiting the introduction of all other low-priced models to see what new fea- tures will have to be met in the com- petition that is certain to mark the lower priced field of the industry next year. MIDDLEMAN IS FACTOR IN CHAIN STORE FIELD Making allowance for all the things | By the Associated Press. The middleman is still an important source of supply for chaln store organi- zations. This is brought out in a Federal Trade Commission report on sources of | chain store merchandise, which reveals that wholesalers and sources other than | manufacturers account for only about 30 per cent of the combined purchases of all chains. Manufacturers accounted for approximately 70 per cent. The significance of these figures stated in the summary of the report was “the extent to which middlemen are still called upon to furnish mer- chandise to chain store organizations.” While the volume purchased through wholesalers by all types of chain av- erages only 7.9 per cent of total pur- | chases,” buying from wholesalers is a common practice on the part of chains in all lines of business and reached very substantial proportions in many of ihein, tae repory said. Special Dispatch to The Star. BALTIMORE, Md., January 2—White potatoes, 100 pounds, 85a90; sweet pota- toes, bushel, 50a90; yams, barrel, 1.00a 1.25; beans, bushel, 2.50a2.75; beets, per 100, 2.00a3.00; brussels sprouts, per t, 10a15; cabbage, bushel, 75a carrots, crate, 3.0084.25; cauli- crate, 2.10a2.25; celery. crate, .50a3.00; cucumbers, hamper, 5.00; let- uce, crate, 3.505.00; onions, per 100 nds, 2.70a4.80; peppers, crate, 1.50a | 3.00; spinach, bushel, 50a65; bushel, 1.25a2.50; tomatoes, crate, 1.25a 3.50; turnips, hamper, 20a35; apples bushel, 50a1.00; grapefruit, box, 1.50a 2.75. flower, 1 U Dairy Market. Chickens—Young, 18a22; Leghorns, 14a16; old hens, 21a22; Leghorns, old, 15a18; roosters, 10a12; ducks, 12a23; geese, 16a22; guinea fowls, pair, 25a50; turkeys, 20830, el Eggs—Receipts, cases; ent re- ceipts, 26a27; hennery whites, 27a32. Butter—Good and fancy crea , 28 232; ladles, 20a21; process, 23a2 packed, 15a16. WATER COMPANY MORE THAN COVERS DIVIDENDS Special Dispatch to The Star. PHILADELPHIA, January 2.—Penn- sylvania Water & Power Company for the eleven months ended November 30, 1931, reports net income available for dividends of $1,836,574, after reserves for renewals and replacements and all | charges and taxes. This was equal to $4.27 per share earned for the period on the 429,848 shares of common stock outstanding, which is $1.27 per share more than sufficient to cover the entire annual dividend of $3 per share cur- rently paid on the common stock. This _compares with $4.55 & share for the full twelve months last year. Before re- | serves for renewals and replacements, earnings for the eleven months of 1931 equaled $5.04 per shaje. region, both American and Canadian, unusual deficiency of subsoil moisture is reported. No wavering is shown in cur- rent assertions that above-averag> Spring wheat crops either South or North of the Canadian boundary are not in sight on the basis of available moisture. Under such circumstances, existing uncertainty in the wheat supply | situation tends to make the market at ‘east a two-sided one, with numerous traders professing belief that prices are low enough to discount almost every- thing except an absolute economic col- | lapse. Corn and Oafe. Corn and oats reflect chiefly the fact that the movement of corn from iarms is surprisingly scant, considering the size of the sorn crop. Industrial demand for corn, however, also lacks volume. Provisions exhibit results of diminshed clearance to Europe, the smallest in 30 years. FEDERAL RESERVE CREDIT ITEM GAINS At first Judy had not thought very ago sums aggregating $6,000 were sent | much about it. Such practical matters | from relatives in the United States to had been swallowed up in the hectic | people in the vicinity of Rosmuck, only | plans for the wedding. In the scurry | of getting over to Laceyville and shop for a white dress. In the glorious |dream of Stan’s love. . . . It was only | |row, when she had nothing to do but | sit quietly here on the observation plat- form and watch the fleeing shadows of | the telegraph poles spinning backward across the country, that she felt the fact of them sinking into her conscious- ness. Her husband's family. .. loomed large to every bride, but not so | |lerge as this. That was because she | was going into this new life stripped | of family and friends of her own. S| would be an alien in a strange coun- (try She would be entirely dependent upon Stan’s family. She went over them in her mind. The old grandmother—Stan's mother— “the girls.” She wondered about the girls. There was Vera, who was 29 and not married. Twenty-nine seemed very distant to 22-year-old Judy. She had a | more companionable feeling for Amy, {who was 25, a year older than Stan. | Amy had married young, put in two A‘hecuc vears of married life and was ! now divorced and living at home. Judy . They to be stopped. Royal Automobile Cheap. | CSORNA, Hungary (#).—An attempt to auction here the automobile used by Archduke Friedrich of Hapsburg as in- | spector general of the Austro-Hungarian | World War forces brought a top bid of ' @he Foening Star the present year. But in placing a duty on luxury foods and flowers the Government, while helping the producer in Great Britain, is hurting some of the King's own sub jects who have been engaged in h: dling them. In putting the brakes on the gourmet the fashionable hotels and restaurants will suffer. (Copyright, 1931.) Attempts to call special sessions of Congress in Uruguay have faile \] ADVERTISENENTS { Reserve bank credit outstanding dur-|Amy, Dreadful—to be divorced. Amy The daily average volume of Federal felt friendly and sympathetic toward ing the week ending December 30, as|must be secretly unhappy all the time. reported by the Federal Reserve banks, Jjudy decided that she and Stan must was $2,023,000,000. This was an in-|pe careful not to flaunt their happi- crease of $58,000,000 compared with the ness in Amy's face and remind her of Rincy offl0 Receiven HERE You can find the some one who can preceding week and of $624,000,000 compared with the corresponding week in 1930. On December 30 total Reserve bank credit amounted to $2,202,000,000, an increase of $196,000,000 for the week. This increase corresponds with an'in~ crease of $322,000,000 in member bank reserve balances and a decrease of $7,000,000 in monetary gold stock, off- set in part by declines of $100,000,000 in money in circulation and $31,000,000 in unexpended capital funds, non- member deposits, etc. Holdings of discounted bills increased $196.000,000 at the Federal Reserve Bank of New York and declined land and $10,000,000 at Boston. All Federal Reserve banks reported an in- crease of $113,000,000. 'BIG MATERIALS ORDER | Special Dispatch to The Star. | CLEVELAND, January 2—As large| contribution to prosperity in the new year, orders for 13,500,000 pounds of | material have been placed by the White | Motor Company for use in manufactur- | ing 774 heavy duty trucks for the City | of New York. Delivery of materials starts immediately, A. G. Bean, presi- dent of company, announced. | Analysis shows that 150 manufactur- ers of steel, rubber, glass and many other basic commodities are affected. | “To meet the delivery schedule set by the City of New York, approximately | than 50 cities throughout the country,” President Bean said. The 774 trucks are of a special type for garbage and rubbish collectic and snow removal service. Practically all materials must | be newly ordered because only a very small inventory is on head, President Bean said. CHICAGO LIVE STOCK MARKET CHICAGO, January 2 (#) (United States Department of Agriculture).— Cattle, 200 head; compared week ago, cents higher; better grade long yearlings and light steers showing most advance; largely steers run with medium grades predominating; light steers of yearling type got better action than heavy kinds and brought price premium in many instances; extreme top, 11.50, paid for long yearling; best heavies, 10.50; me- dium” weights, 10.65; bulk, 5.50a8.50; beef cows, 25a50 higher: cutters strong to 25 righer; bulls, 25a50 up, and vealers steady to 50 lower; stonkers and feeders nominally firm. Sheep, 1,000 head; today's market nominal. For week ending Friday, 84 doubles from feeding stations; 3,100 di- rect; killing classes fully steady with close last week; choice lambs shade higher in instances; feeders scarce, strong_to 10 higher; closing bulk fol- low: Better grade fat lambs, 4.75-6.25; | few 6.35; week’s top, 6.40, & new peak; heavy lambs comparatively scarce, 5.50- 6.25. latter price taking 94-pound weights; throwouts, 4.0024.50; fat ewes, 2.00-2.50; white-faced range feed- lambs, 4.00-4.85. 4.45-460; top, 4.60; 4.25-4.40; 260-280 pounds, 4.10-4.20; few packing sows, 3.40-3.50; compared week ago, steady to 10 lower; shippers took 2,000; estimated holdovers, 3.000: light lights, good and cholce, 140-160 pounds, 4.40-4.60; light weights, 160- 200 pounds, 4.40-4.60; medium weights, 200-250 pounds, 4.15-4.60; heavy weights, 250-350 pounds, 4.00-4.25; packing sows, medium and good, 275~ 500 pounds, 3.40-3.65. Pigs, good and choice, 100-130 pounds, 4.00a4.45. ‘Kentucky Bank Closed. OWENSBORO, Ky. January 2 () —The Central Trust Co. of Owensboro failed to open today and its directors posted a notice saying it had been placed in the hands of the State bank- ing commissioner for liquidation. Frozen assets were sald to have caused the closing. The bank, established 43 vears ago, had capital stock of $400,000 and de. Posits of $2,481,124. W. L. Reno was president. The two other banks here were re- ported unedected. $22,000,000 at Philadelphia, $14,000,000 | at San Francisco, $13,000,000 at Cleve- | PLACED FOR 774 TRUCKS| 600 orders have been placed in more general steer and yearling trade 25a50 | Hogs, 9,000 head, including 5,000 di- | rect; generally steady; 140-200 pounds, | 210-250 pounds, | | the companionship she had lost. .. . | The thought of Amy was comforting. | Judy felt that a friend awaited her at the end of this trip. And there was Nick. Already she was sharing Stan’s resentment toward the half-brother. She had unconsciously built up a towering personality in her ymind .for Nick, . . . tricky tyran- |nical. It was shameful th y one like Nick Carter should be permitted to {rule and impose on a family who hated him. There was only one bright thought | | about Nick—he was not at home often, | | Stan had said. Nick was interested in | an airplane factory. He was often away | from home for months at a time nego- | tiating the sale of planes in distant cities. “Just pops in now and then to see what fault he can find and how dis- agreeable he can be,” Stan sald, with |the sulky resentment the thought of Nick could always rouse in him. Clickety-click-click . Clickety- click-click . . _sang the rails. The | telegraph poles fled backward into a long, vanishing line in the distance, and every mile hurled Judy forward into the new, strange life awaiting her. When Stan had told Judy that he | lived in Lockwood, a suburb of San| Iranc she had been glad. “I'm glad it's a small town,” she had said.| “Remember, you're marrying the sim- ple village rpaid, darling! A large city might be tod much for me all at once. | I'm honestly glad it's a small town— I'm a small-town person; I'm used | to it!” There had been a little patronizing edge to Stan's smile, she remembered. She had not understood it at the time, but with her first glimpse of Lockwood it became clear to Judy. | Lockwood was about the size of | Summerfield, but right there the re- | semblance ended. Summerfield had been a little center for a country of | small, long-established farms. A peace- ful, unpretentious little place, Wwhere the richest man was only “‘comfortably off”; where the village plumber called the 'banker occasionally by his first name, because they had entered the town school together in the first grade. | But Lockwood was a beautiful para- site upon the great roaring city of San Francisco, lying to_ the north. Busi-| ness men of Lockwood—those who were not retired and living on the in-| terest of their money, went up to busi- ness in “the city” each day, driving in their eight-cylinder cars or catching the 8:30 train—“the millionaire spe- | cial,” some local wag had named it. Lockwood was a town of wealthy homes, set in the midst of spaclous grounds, homes where the wives and daughters of the commuters led their comfortable, leisurely lives in settings of semi-tropical beauty. Yes, Judy understood that curious smile of Stan's the moment she caught sight of the Lockwood railway station. Until now, railway stations to Judy had meant red freight sheds and high wooden platforms, paint peeling, blis- | tered by the rain. She caught sight of the Lockwood station toward the end of a long, warm afternoon—a blaze of white stucco and Spanish tiled roof, set in a plot of | green lawn, beautifully tended. Red | and yelow flowers smothered it on one side, and stunted palms cast stiff | black shadows in the 5 o'clock sun. There were lines of autos drawn up beside it—matrons come down to meet the suburban train, Here and there was a chauffeur in uniform, or some | half-grown hoy in short-sleeved tennis shirt. The women, Judy noticed, were for the most part in smart sport clothes. Judy was suddenly flooded by an overwhelming shyness, and she became acutely self-conscious. She pulled at| the jacket of her gray crepe suit and tried to see herself in the narrow slit | of mirror which hung between the train windows, Was the suit common- place—small town? Did the snugly- fitting little felt hat look homemade? She had carefully made herself tidy in the dressing room at the end of the car Jjust & few minutes before, but now, as she followed Stan down the aisle of the car, she slipped the small mirror from her vanity and snatched a last look. The searching blue-gray eyes which flashed back at her from the silver of glass seemed the anxious eyes of some stranger, The pcmrngm litted out their grips. Stan was helping her down the steps. Judy had come home. “Good!, Mother sent the car for us. supply that want through a Star Classified Adv. body in and around T HERE is no other way to reach practically every- Washington so directly as through a Classified Advertisement in The Star. For your convenience copy for the Star Classified Section may be left at any of these authorized Branch ular rates are charged. 11th and Park rd.—Arm- strong’s Pharmacy. 14th and P sts.—Day’s Pharmacy. 1135 14th st—Marty’s Cigar & Magazine Store. 17th and Que sts.— Ken- ner’s Pharmacy. 15th and U sts.—G. O. Erock. 2912 14th st.—Colliflower Art & Gift Co. 3401 14th st.—Bronaugh’s Pharmacy. 14th and Buchanan sts.— Hohberger’s Pharmacy. 14th st. and Colorado ave. —O’Donnell’s Pharmacy. 3209 Mount Pleasant st.— Mount Pleasant Cigar and News Shop. 1823 Columbia rd.— The Billy Shop. 2162 California st. — Co- lodny Brothers. Wardman Park Pharmacy. 218 N. Y. ave.—Sanitary Pharmacy. I1st and K sts.—Duncan’s Phatmacy. 7th and K sts.—Golden- berg’s (time clerk’s desk). 7th and O sts.— Lincoln Drug Store. 7th st. and R. L French Simpson 11th and M sts.—L. H. Forster’s Pharmacy. ave—J. In the Southwest 10th st. and Va. ave— Herbert’s Pharmacy. 316 4'% st.—Harris' Drug Store. 4% and L sts—Columbia Pharmacy. In the Northeast 208 Mass. ave.— Capitol Towers Pharmacy. 4th and H sts.— Home Drug Store. 4th and E. Cap. st—Paul's Drug Store. . 907 H st.—Garren’s Music Store. 12th and Md. ave.—Luck- ett’s Pharmacy. by 7th and Md. ave—Louis F. Bradley. North Capitol and Eye—Ken- ealy’s Phar- macy. 20th and R. L ave. — Collins’ Pharmacy, Woodridge. 3500 12th st— Brookland Pharmacy, Brookland. 4th and R. I ave. —Jehn G Biggs’ Phar- macy. Chesapeake Junction —Dr. F. L. Wight, jr. There’s One Near You Offices. They give this service without fee; only reg- In the Northwest 9th and U sts—M. H. Hunton’s Pharmacy. Ga. ave. and Upshur st.— Petworth Pharmacy. 221 Upshur st.— Monck’s Pharmacy. 5916 Ga. ave.—Brightwood Pharmacy. Ga. ave. and Kennedy st. —Lampkin’s Pharmacy. 2901 Sherman ave.—Sher- man Ave. Pharmacy. 6224 3rd st.— Stewart's Pharmacy. 1905 Mass. Pharmacy. 18th and Fla. ave.—Bern- stein’s Drug Store. Fla. ave. and 1st st.—N. Reiskin. North Capitol st. and R. L. ave. — Parker's Phar- macy. 1742 Pa. Krick. 21st and G sts.—Quigley’s Pharmacy. 25th st. and Pa. ave.— Columbia Drug Store. 3315 Conn. ave.—Joll’s Newsstand. 5017 Conn. ave.—Higgins’ Community Drug Store. Wisconsin ave. and Macomb st.—Harry C. Taft. 4231 Wisconsin ave.—Mor- gan Bros. Pharmacy. Takoma Park, 359 Cedar st. —Mattingly Bros.’ Phar- maey. ave., — Dupont ave.—J. Louis In Georgetown 30th and P sts.—Morgan Bros.! Pharmacy. 30th and M sts.—Brace's Pharmacy. 3411 M st.—Moskey’s Phar- macy. 1834 Wisconsin ave— Haney’s. Wisconsin ave. and O st.— Donahue’s Pharmacy. 35th and O sts.— Sugar’s Drug Store. In the Southeast 3rd and Pa. ave.—Q'Don- nell’s Drug Store. 8th and Eye sts. —F. P. Weller's Pharmacy. 11th and Pa. ave. — Fealy’s Pharmacy. 1907 Nichols ave., Anacostia —Healy’s Drug Store. 13th and East Capitol sts. — Lincoln Park Pharmacy. 2204 Minnesota ave. — Sloan’s Drug Store: F. S. Boisfeuil- let, prop.