Evening Star Newspaper, January 13, 1932, Page 11

ANCIAL BRANCH FACTORIES ABROAD ARE URGED British Agent Advises U. S. C., WEDNESDAY, JANUARY 13, 1932 STOCKS GO HIGHER IN STEADY MARKET Wall Street Pleased by Ap- THE EVENING STAR, WASHINGTO. PARK SAVINGSBANK [ NEW YORK_STOCK EXCHANGE Stocks sold 1n 100-share lots exeept those @esipuated by letter “s.” | ——1931— Stockana Bales— Net. HEBIS U F F l [} E RS e I 10 ook an Bales Met. | High Low Dividend Rate. Add 00. High. Low. Close. Chgs. - ose. Chue. | 45% 6% Erle R R 1st pf T 1% 1% 1% + % @ieh. Low, Dividend Rate. Add 00, High. Low. OK 2 Abitibi Pwr & Paper. 4 2% 2% 25 10 100 10% —1% 4% Abitibi Pow & Papf.. 1 3% Fairban Money on Hand to Loan on | First Deed of Tr\nt_ 67 Interest Reasonable Commission and Prompt Replies to Applications Everybody’s Business Bruen nos Remarks Sustan French Prediction That Parley at Lausanne on G"COFQG E. Walker Is Named| 3¢ 18 AbrahamasStraus1 _Chairman of Board—Other Directors Are Chosen. +BY EDWARD C. STONE. At a meéting of the dirc Park Say a eorge E, Walker elected chalrm and, now a dir tionhl Bapk, was elec was the most impor made at any of the annus ings go far held. Robert S. € made. exec vice president. Other officers elected to their former position Aanbl werg, George A. Provost, vice pre and attorney; Dr, Wade H. A vice president; Wil > ger; Russell A, Houser and Herndon, tant cashiers. anization meet Altemus W. Bolgiano W. Cox, H. F h, G. W. Forsberg, man. C. F. Jen- K N ker, George W. White, and C. C. Wine- berger Other Organization Meetings. v ther organization meetings twood added 8 Helen Day B. Robinson I the officers and d were _re-clected as fol- lows nd L. Schreiner, president and cashier L. Osborn and Barton W. Perry, vice president; C. J. Snell, nt cashier. Directors: Charles H 1l, H. Mason Welch, Ertter, George ore, Josephine Barton W i ner, D. F. . Towson and John Wischau- Northea$t Savings Bank. All officers of the Northeast Savings Bank were ed, including L. P, George F. Hoover, r t; Dr. Percival Hall, second vice president; W. R. Lewis, cashier; J. O. Cardin, assistant cashier; J. B. Flynn, counsel. Directors re-elected are Arthur G., Bishop, James H. Brodnax, W. W. Deal, William H. Ernest, James B. Flynn, Henry E. Glotzbach, Percival Hall, George F. Hoover, Dr. Henry W. Jaeger, Herbert R. King, W. Reginald Lewis, Tke Narcisenfeld, Charles H. Potter, Mi chael R. Ready, Guy T. Steuart and Leonard P. Steuart. National Capital Bank. At the stockholders’ méeting the fol- Jowing directors of the National Capi- tal Bank were elected to serve for 1932: Charles A. Car Allen C. Clark, Clar- F. Donohoe, John B. Earnshaw, Lewis Flemer, W. P. C. Hazen, August G. Herrmann, Walter Leaman,” Walter H. Marlow, H. H. McKee, James L. Par- w. Simpson, Charles B. Stewart, er and John C. Yost. Prudential Bank. The Prudential Bank' stockholders elected the following difectors: E. A. Baker, W. L. Board, Jame$ A. Gobb, A. M Curtis, J. C. Dowling, J. H: Greene, Jchn R. Hawkins, Talley R. Holmes, Allen F. Jackson, L. Melendez King, M 8. Koonce, C. E. Mitchell, Peter W. Price, G. A. Robinson, L. A. Schenck, A. N. Scurlock, William H. Thompson, Thomas Walker, Garnet C. Wilkinson villiam H. Wilson rs were re-elected, as follows: John R. Hawkins, presidert; A. M. Cur- tis, vice president; P. W. Price, vice | 34 2214 12% 4T% Adams Express Adams Millis (2) Afmliated Prod 1.6, Afr Reduction(t . Alaska Juneau (50c) Allegany COrp...... Alleg Cp pf $30 ww., Alleg Cp Df w $40 w.. Alliance Realty..... Allied Chemical (6) . Allis-Chalmers(50¢) Amerada Corp (2).. Am Bank Note (2). Amer Br Shoe (1.60). Am Can Co (15). Am Car & Foundry. . Am Car & Fdy pf (7) Am Chain.... Am Chicle (13). Am Colortype. . Am Comcl Alcohol. . Am European Secur. Am & For Power. ... Am & For Pwr pf(6) Am & For Pwr pf(7) Am & For Pwr 2d pf. Am Hide & Leath pf. Am Home Prod 4.2 Am Tee (2) - Am International.... Am Locomotive... Am Mch & Fay 1.40.. Am Mach & Metals.. Am Metal Co....... Am Natural Gas pf. 4 Am Pwr & Lt (11 AmP & Lt pf A (5 Am Pwr & Lt of (6).. Am Radiator (§0¢).. Am Republics....... Am Rolling Mills.... Am Safety Razor () hipbuilding (5) Smit & Rfg(50c) R 2d pf(6) v & Chemi Am Solv & Chem pf Am Steel Foundry. Am Stores (12%) Am Sugar Ref (5)..¢ Am Sugar Ref pf (7). Am Tel & Telex (9) .. Am Tobacco (5) . ‘Am Tobacco B (5). Am Water Wks (3).. Am Wat Wks cfs(3). 4 Am Wat W 1st pf(6) Am Woolen Co. Am Woolen Co p! Anaconda Copner Anaconda Wire & C.. Anchor Cap (2.40)... Archer-Daniels (1).. Armour of Del pf (T) Armour of T11 (A) 4 Armour of Il (B) 4% Armour of 111 of Arnold Constable Associated Dry Gds Associated O1l. Atch To & San Fe Atl Coast Line (4).. Atlantic Refining (1) Atlas Powder pf (6). Auburn Auto (£4) Autosales..... . Aviation Corp (Del) . Baldwin Locomotive Baltimore & Ohfo. ... Balto & Ohio pf (4).. Bang & Aroos (3%).. Bang & Aroos pf (7). Barnsdall Corp'n.... Beatrice Cream (4).. Beech-Nut Pkg (3).. Belg N R pt pf +4.81. Bendix Aviation (1) Best & Co (2) Bethlehsm 8t . Bethlehem Stl pf (7) Blaw Knox (50€)...s 3ohn Alumn (13%). Booth Fisheries. Briggs Mfg (1).. Bklyn-Man Tran (4). Bklyn-Man Tr f (8) Bklyn&Queens pf(6) 4 Bklyn Union Gas (5) Brown Shoe (3) Brown Shoe pf (7 Bruns Term & Rw: Bucyrus-Erfe. . Budd (E G) Mfg. Budd (E G) Mfg pf. Budd Wheel % Bullard Co Fed Lt & Trac p; 60 Fed Water Service A. 10%4 Fed Dept Stores (1) .; Fid Ph Fire In(2.60). Firestone T & R (1) .. First Natl Strs (234) Fisk Rubber. . 8 Foster-Whaeeler..... 15% Fourth Nat Inv (1,10° 2% Fox Film (A)....... 60 Franklin Smn pf(7). 13% Freeport-Tex (3). 2% Gen Am Investors. .. 28 Gen Am Tank Car(4) 9% Gen Asphalt (2) g 9% Gen Baking (2). 1% Gen Cable. .. 2% Gen Cable (A) 11% Gen Cable pf 26 Gen Clgar (4). 227% Gen Electrio (1. 10% Gen Elec spec (60c. 28% Gen Food Corp (3). .. 14% Gen Gas&E cv pf (6) 20% Gen Ital Ed El m2.61 29% Gen Mills (3). 21Y% Gen Motors (3). 79% Gen Motors pf (5) 3% Gen Outdoor Adv. 2% Gen Public Service. . 21 Gen Ry Signal (5)... @en Ry Signal pf (6) Gen Realty & Util... Gen Theatre Equip.. 4 Gillette Saf Rasor... Gillette Saf R pf (5). Gimbel Bros . Gimbel Bros pf (7). Glidden Co ' Glidden Co prpf (7). 4 Gobel (Adolf). Gold Dust (23%). Goodrioh (BF)..... Goodyear T & R (1) Goodyear 1st pf (7). Gotham Silk Hoslery Gould Coupler...... Graham-Paige . Granby Consol (50¢) Grand (Tnfon........ Grand Unfon pf (3).. Grant (W T) (1) - Great Northern pf(2) Great Northn Ore(2) Great Wn Sug pf (7) Grigsby Grunow.... 11 Mobile&Nor pf. “ 14 Hahn Dpt St pf(6% 67 Hannapf (7).....s. 11% Harb & Walker (1).. 1% Hartman Corp (A).. Hartman Corp (B).. Hayes Body Corp... Hercules Pow pf (7) Hershey Choc (6) ... 4 Hershey Choc of (15 4 Hollander Son Holland Furna Homestake M (7.80). Houdaille Hershey .. % Houston Ofl. . Houston Ofl (new).. Howe Sound (2).... 4 Hudson & Man (3%) Hudson Motor (1) Hunp Motors Illinois Central. Tllinofs Cent 11 (4).. Tndfan Motor Cycle. . Ind Motor Cycle pt.. Indian Refining. ... Indust Rayon (4). 4 Ingersoll Rand (4).. Inspiration Cooper. . Ins Shares(Del) 50c. Interboro Ran Tran: Interlake Iron Int Agriculture pf... Int Bus Machine(n§) Int Carriers,Ltd 60c. Int Cement (3).. Int Combustion. Int Combustion pt Int Harvester (2% ). Int Hydro E1 A (e2). Int Match pf (4) (nt Merchant Ma Int Nickel of Can 2 Int Nick Can pf (7). 5 Int Paper & Pwr C. Int Paper & Pwr pf.. Int Salt (3). Int Shoe (3). 4 Int Stlver. . Int Silver pf ((7). Int Tel & Telog(60c). Iat Dept Stores (2).. 1% Investors Equity. -~ S o 2 e DR N B @ NI S ] Wl AP O S parent Adoption of Easy Credit Policy. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, January 13.—Stimula- tion of all security markets and nearly all groups of issues was brought about today by the definite policy of the Fed- eral Reserve Bank of New York in ef- fecting what is assumed to be an easy credit policy, and which may shortly lead to a reduction in rediscount rates. Sentiment Changed. The overnight developments com- pletely changed sentiment in Wall Street circles, where most of the talk today was of a bullish character. There were a number of specific ‘inci- dents that gave point to the improved feeling. One was the increase in car loadings, amounting to 61,736 cars over the preceding week, and supplemented by statements from individual roads i that their traffic was showing a grad- ual_expansion, The statement of the R. J. Reynolds Tobacco Co., indicating larger net profits for 1931 than in 1930, influ- enced higher prices not only ‘in the stock of this concern, but in those of competitive companies. A number of favorable dividend declarations were anncunced. Prices on the London market were substantially higher. This included some of the international Then there was some evidence of =& spirit of compromise on the part of France toward the German debt situ- ation. Opening Prices Higher. ‘The market was narrowly higher at the opening. Steel activity was slightly better than last week, at 25 per cent of capacity and carloadings were somewhat above last week, but under the same week of 1931, United States Steel at 42 was up a fraction. Bethlehem Steel was un- changed at 197. Allled Chemical was 2 points higher at 70%. Among other active industrials showing small gains were Eastman Kodak, Paramount Pub- lix, General Electric, Westinghouse, Bordens, General Foods and Wool- worth. Mine shares were quiet, but both American Smelting and Interna- tional Nickel had slight gains. Railroad stocks also were strong. Baltimore & Ohlo, Canadian Pacific, Chesapeake Corporation, Illinois Cen- tral, New York Central and Pennsyl- vania all had fractional advances. Auburn opened 2% points higher at 140. General Motors was a shade better at 2273. In the utilities, Co- lumbia Gas & Electric at 14, Electric Power & Light at 12's and Standard Gas & Electric at 30 were narrowly higher. Oil shares continued their ad- vance on Tuesday. INVESTMENT TRUSTS NEW YORK, January 13 (#)—In- vestment trust securities. Bid. Asked. A B G Tr Shrs “D 28 3 A B C Tr Shrs £ & Gen Sec * 44 & Gen Sec B 4 & Gen, Sec 53 b Am Ins Stocks Assoc Stand Oil Atl Sec pf Atl Sec war’ Atl & Pac Int units S5 ak! Gentury Tr Shrs Central Nat Corp B Chain & Gen Equities Chartered Invest .. Chartered Inv pf Chelsea Exch A . Chelses Exch B Cumulative Tr Sh B Corporate : loans that had been under pressure.: Jan. 25 Wil Be Failure. BY DR. MAX WINKLER. NEW YORK, January 13 (N.AN.AJ. —Passage by the United States Senate of the Hoover proposal to create the Reconstruction ~ Finance Corporation should be viewed favorably. The over- whelming majority with which the bill went through is especially gratifying. It indicates conclusively that official Washington realizes the seriousness of the situation and is doing all it can to bring about relief. Europe is once again to the fore. The remarks by the German chancellor, Herr Bruening, although merely stat- ing what the Basel Committee of Ex- ports set forth in its reports, seem to have stirred up the French ire. Paris papers are capitalizing the situation, and predict the failure of the Lausanne conference, scheduled to be held Janu- ary 25. While the seemingly new contro- versy may affect securities, especially German and other European issues, it is difficult to comprehend the sudden excitement. Those who have read the Basel report. which bears the signature, among others, of M. Rist, eminent French economist; M. Franqui, Belgian copper magnate; Signor Beneduce, Ital- jan statesman and economist, and Mr. Stewart, American economist, recall that Germany is believed to be unable at this time to pay both political and commercial debts. This is all Herr Bruening has said. He may have been somewhat more emphatic about it, but he is German and was addressing himself to Germans. New Rail Corporation to Meet. Within less than two weeks the re- cently formed Railroad Credit Corpora- tion will meet for the first time. E. G. Buckland, president, in all probability will report on the plans of the enter- prise for providing funds immediately for the benefit of financially weak carriers. It will be recalled that under the recent agreement to pool revenues from rate surcharges funds will not be avail- able until about the middle of March. ‘The Credit Corporation therefore will perform a valuable service in providing funds immediately to needy systems without awalting receipt of the rate increase payments. This should help the so-called secondary group of rail- road securities. A proposed 5 per cent tax on auto- mobiles might well cut motor sales to such an extent that in the end less revenue will be received by national and State governments than is being re- celved at the present time. This is the view expressed by B. E Hutchison, vice president and treasurer of the Chrysler corporation. Many will share Mr. Hutchison's attitude, even though they doubtless realize the stu- pendous task with which the Govern- ment is confronted in balancing the budget during the present emergency. New York City Seeks Bond Issue. New York City, largest and wealthiest city in the world, seems unable to secure $20,000,000 for unemployment relief. Despite the pronounced taxable wealth within the city, and despite the latter's tax-levying powers, bankers maintain that unless rigid economy is practiced they do not see their way to market successfully New York City bonds. Well said, but one regrets that the bankers did not advocate rigid economy when Porto Alegre or San Paulo, Medel- lin or Buenos Aires, Budapest or De- breczin, Graz or Innsbruck, Nurem- berg or Cologne, appeared in the Ameri- can market for funds. These and countless other cities were readily ac- commodated. New York will have to wait. Bolivia Expected to Pay. Holders of Bolivian bonds, which are quoted at 7 or 8 cents on the dollar, or equivalent to the coupons they bear, may derive consolation from a state- ment by Senor Abelli, Bolivian Minister to the United States. Bolivia, says the Latin American diplomat, has never in any way questioned the validity of its Manufacturers to Extend Activities in England. BY BRADLEY W. TRENT. Special Dispatch to The Star. NEW YORK, January 13.—American manufacturers who exhibited keen in- terest in the visit of John Roland‘ Robinson, England's youngest member | of Parliament, on a mission for British industrialists, were advised by Capt. T.| H. Parkhouse, Mr. Robinson's associate | here, to act quickly if they wished to avold complete loss of their British business. Mr. Robinson, who has just salled for Southampton to make his report to the industrial leaders at home, informed Capt. Parkhouse that a number of| American manufacturers were making | plans to establish branch factories in | England in_the belief that the new | British tariff wall is likely to be both solid and permanent. | According to Capt. Parkhouse, who is connected with D. M. Collins & Co. here | and is closely assoclated with the Lord Derby interests in England, ‘“the American manufacturer is faced with complete loss of British business in a short time and with the loss of trade in the British dominions in the near | future unless he establishes a branch | factory in England.” i “The consensus of opinion in Eng-| land today,” said Capt. Parkhouse, “is that the British manufacturer is now going to have the greatest opportunity | for an increase in export trade that he | has had in a long time, owing to Eng- | land leaving the gold standard ' and adopting a general tariff. Furthermore, in England the manufacturers are pre- paring to obtain that trade in increas- ing _volume. “The American manufacturers in Eng- land have the same opportunity, if they live up to their world reputation of being go-getters. If, on the other hand, they are going to wait and see how their English trade is affected by the new tariffs, they are going to find the French, - German, Belgian and other | ?anufacturers established in England | rst. “For example, some £10,000,000 worth | of vacuum cleaners are imported annu- ally into England, of which about £2- | 000,000 worth come from the United States. The opportunity presents itself for the Americans not only to retain the business already being done, but also to obtain the balance of this business. “From now on the home market in | England is not going to buy much in | the way of manufactured goods from | America, as American goods cannot | compete with the English article, owing | to the new tariff wall. Regarding the | dominions, it is highly probable that in the near future a strong economic union, based on preferential tariffs, will be created between them and the mother country.” (Copyright, 1932) Thin Markets. NEW YORK, January 13 (Special) — | ‘There are still thin markets in numer- ous common and preferred stocks and bonds. The bid side, however, is now stronger than the offer side, though the reversal is not so abrupt nor so positive as it was in December. Supplies of pre- ferred stocks that were ogered down to astonishingly low prices are now limited. There is only a moderate amount of buying of such issues. A number of inactive bonds have shot up sharply. On the other hand, there are bonds for which bids are scarce, result- ing in price sacrifices that do not ap- pear to be justified by the present status of the issues offered. CLEARING HOUSE FIGURES. ‘Washington clearing house figures for today: $4,188,674.73. JAMES F. SHEA 643 Indiana Ave. NW. ANNUITIES | MALE, AGE 65 Pays Nearly b 3 Send Date of Your Birth for full Annuities Information M. LEROY CGOFF 1036 Woodward Building Nat. 0340 Insurance Exclusively Over 20 Years SALESMEN Manufacture married . with cars gton a surrounding _territor v ing. Advanced 0 start, Salary, 8175 mon BURLINGTON HOTEL AM.. 2.4 P.M. Thursday sk for Mr. Josephson ENTERPRISE SER 1AL} BUILDING ASSOCIATION 7th St. and Indiana Ave. N.W. 67th Series of Stock Now Open for Subscription 59, INTEREST PAID ON STOCK James E Connelly, James F. Shea, President Secretary 10. To Increase the Earning Power of Your Money Invest in FIRST MORTGAGE 67 SECURITIES They are co praised investm income - producing _properties right here in the NATION'S Capital. Denominations as Tow as $100 Monthly Payments if Desired Send for Booklet. The Success Plan™ REAL ESTATE MORTGAGE & GUARARTY CoORPDRATION 1610 K St. N.W. National 1403 PAY 5% INTEREST DN VOURSAVINGS $5.00 Savings Monthly —will _amount, five vears—! years—and ty years, earning with this _Assock cannot_start too soon to pro- vide comfort. suecess and inde- pendence for future years, . - . Open Daily 9 to 5 Saturdcys Until Noon NATIONAL§ president; Thomas Walker, vice presi- dent; E. A. Baker, cashier, and J. H. Greene, assistant cashier. Bulova Watch. y obligations or given any intimaticn that they will not be liquidated in time. = s It may be recalled that Honduras, o First Mortgage Loans Corporate AN Corporate Trust accu ser Crum & Foster Crum & Fost 8% PI Crum & Fost Ins 2 Crum & Fost Ins 74 pr Depos Bk Shrs N Y | Depos Bk Sh N Y “A —————— Burr Add Mch 57% 24 JewelTea (4)....... Butterick Co... 123% 68 Jones & Laugh pf(7) i i 107 Byers (A M) Co 80% 15% Johns-Manville (1).. s 4 45 6 Kansas City Southa. ¥ California Pack s, Teslecied s foiows: Walter B 3 Calumet & Hecla. e e s of the b 7 | 10% Canada Dry (1.20). | gt R O | 10% Canadian Pacific 1%+ 3% % Kelly-Spring Tire... 1 | Beos T shes " vice pm’,’dfim' et e as-| 25 17 Cannon Mills (140), : 26 b% Kelly-Spr T 8% pf. Diversified Tr urer; William' A. Bowle, cashier, and [ 18 41 Capital A47E (R}« Walter L. Carter, assistant cashier. All o Caaa ok 2 the following directors were re-elected: T G las meda iR william A. Bowie. Joseph H. Briggs, ks m b inod O it 214 Century Rib Mills 6 30% Lambert Co (87, 3 Fixed Trust b e LG 97 Cerro de Pasco (1)) : 5 Leh Port Cement. ... ; and Walter wrper. 214 Certain-teed Prod 8 Lehigh Valley RR. ., 314 Checker Cab Mrfg. 35 Lehman Corp (2.40). 23% Ches & Ohio (2%). 18% Lehn & Fink (3) 137% Chesapeake Corp(3). 4, including W. W. An- 215 Chi Great Western. . fam D. Barry#Oscar Baum, 714 Chi Great Westn pf. Ligg & Myers B (15) Cooper, William T. Davis, % 14 Chi Mil StP & Pac... 3 : 16 Lily Tulip Cup(1%). De Lashmutt, Charles A Chi Mil StP & Pac pf. 5% 12% Lima Locomotivi th, W. E. G. Penny and Wilbur Chic & Northwstn. 3 14 Link Belt (1.20)..... H. Zepp Chi Pneu Tool. ..... 4 13% Liquid Carbonic (2). The Wpshington Savings Bank re- Chicago R I&Pacific. 23% Loew’s. Igc (14). ... follows: Thomas ChiR1& Pac 6% pt. 56 Loew's I pf (6%4).. Robert J. Earn- ChiR & Pac 7% D 2% Loft Inc 5 and _treasurer 514 Childs Company. 207 Loose-Wiles (13). sident Chrysler Corp (1)... 10 Lorillard () (1.20 Bank_officers % City Stores. ... 17% Lou Gas&El A (1%). ted: John B. Cochran, Cocon-Cola (18). 2 20% Loutsville & Nash(4) president; R Thomas P. Colgate-Pal-P (2%). P 2 4 Ludlum Steel Hickman, J. G. nson, vice presi- Colonlal Bascan. ... b - e Y] RIS, S, 3 4 %y 6 McGraw Hill Pub. E. Mercier, B. L 3 T Columb G&El(b1%). 3 > > , , assistan! 5 . : 12 Mclntyre Porc M ( cashiers ColClast BInEA (8 A 3814 MoKessport T P (4) Officers of the Union Trust Co. were Columbia Carbon (3) A Tobiins re-clected as follows: Edward J. Stell Comm Credit (1.60).. 14% McKes&Rob pf(3%) wagen, president; George E. Hamilton, Comcl Cred 1st(6%). 6 s 12 Mack Trucks (1).... president, attorney and trust of- Sy b g L 2 : 50 Macy(RE)& Co(ni). o s omel Cred pf B (2). . vice presi- & 2 Madison §q Garden. . omel Inv Trust (2). 3 Comteiliy overiat) 3 67 ManhatElev mod gtd = = 24% 9% Marine Midld (1.20). Comel Solvents (1).. 5 o 3 : 325 9% Marshall Fleld (2%4) Comwlith & Sou(30¢c) 3 Mathieson Alkill (2) Comwlth&Sou pf (6 3 5 sy 12 il b) 125% 106% Mathieson Alk pf(7) “ongress Clg 30 15% May Dept Strs (2%) Ez::z::qgr;r.;;]s{g 24% 5 MaytagCopf (3).... Consol Clgars pf (1), 8 1% fi:i‘?i‘;’&““ (2)eee ol B iy 17 Mesta Machine (3. » Y = 2% Miami COpper. .....s ?Z::",{L::;;‘fffs) 5 Mid Continent Petm. Consolimyant (6 1 1 T Mina MotineFow. “onsolRwys pf ( 4 e the Seventh Street % Conso] Textile. 3% Mo Kan & Texas.... X X Contl Baking (&) 103 Mo Kans & Texas pf. 4 Amer Bank A._....co §i4| 3.00a375; California, 3.15a400; grape- 4 Contl Baking (B) 6% Milnour: gnc::c..{-« TwoYear Trust Shares.......! Tuit, 2.2‘3533.?5&1;\;:;5, é;?.?,‘;,;f’,‘“ pincs Contl Can (2%) 12 Missourt Pacific of.. Jr Y R s 1 00; % Con’. Insur (2.40) 16% Monsanto Chem (1% ) Uuited Founders 100" com.1 Zje 400; lemons, 350a5.50; tang A Contl Motor 6% Montgomery ‘\;V;r;i. qh; .q‘;m?tersxi{)r;x{lgmhl oon.oo":s lszum? Contl Ot (Del % Motor Meter G & El. & Brit Int Ind A0 Qubts, guert, 10a15; bananas, 75a200; Contl Shares..... 15 Motor Products (2).. 8 Elec Light & Power g pears, flats, 2.50a3.00; rhu- El¢ 4 Corn Produots (3). 5 Motor Wheel (508) .. ower B 41y | barb, hot house, 5 pounds, 1.25; new, Coty Inc. . 3674 2 Bermuda, 2.00. Crew.m of Wht(12%), 7 2% e Vegetables — Potatoes, 100 - pound Jonn P. Weyrich, John R 20 Cruciple Bteal. ... ls% 5 Murray Corp. U. 5 TREASURY BALANCE,. | seck: T35, CldshoRbakers,| 330420 DOEnes, n > % 1% Cuba Cane Products. » - 7 ' 5 25; tomatoes, repacks, 3- Wiightand William 0, Zimmerman. 20 Curtis Publish ().« 40% 15 Nash Motors (3) The United States Treasury balance | pan containers, 2.00a2.50; peppers, 2.00a Chevy Chase Savings. % 1 Curtiss Wright....m R announced today, as of close of business | 3.00; carrots, bushel baskets, 1.00a1.25; ' z 1% Curtis Wright (A).. “ 2 % " N“ Bf .u (2.80) January 11, was $396,684,112.03. Cus-|beets, per 100 bunches, 3.25a3.50; savings Bank stock- 7" Cutler Hammer. B30 2MATAL BB toms receipts for the month to date|string beans, 1.75a2.00; limas, 5.00a fed 2ll officers and di- 153% 119% Nat Biscult pt ( were $11,220,943.15. *Total ordinary ex- | 5.50; peas, 8.00a8.50; lettuce, Iceber rs are: John C. Walker, | 23 3% Davison Chemical. . | 39% 74 NatCash Reg (A penditures were $18,934,653.51, 4£00; cabbage, new, 1.00; old 75a100; president. Joseph A, Burkart, secofdi 102 17 Delawars Lack & W, 120% 100 Nat Lead pf B (6). SILVER QUOTATIONS. fower, 400, oo ITs; e of & Vs et L 4 eashies: ‘R. A.| 28 10% Diamond Mawch (1), i oAt RRESLL (1) NEW YORK, January 13 (P)—Bar| 500 celesy, §50; cucumbers. Ciba: g w 19% 2 al ex B 3 —] .00; s g 4 W nssimant _cashicr; Paul Elr-j f;: e g"f"‘_";‘flnm“u;’m‘f e i i silver easier and s lower at 297%. gog. sqzu?a!h, Cuban, 2.00; eggplant, counsel: Clyde D. Garrett, secre-! 90" 11 Dominion Stores 1% % 5 NatSupply Co. uban, 2.50. tary: Samucl Peacock, auditar. | 21% 7% Douglas Atrcratt (1) 7614 10 Nat Surety (3) i s Thomas W. PeITy.i 75 o8 Drug Corp (4)...eoe 38 24% 6% Nat Tea ( Joseph A, Burkart, Paul Sleman, Clyde | 107 50% Dupont de Nem (4).. “ 25% 3 Nelaner Bro D. Garett, Edward J. Murphy, JOhRl| 13(% 94 Du Pontde N pf(4).. 1% 4% Nev Con Cop (40¢ , Walker, Oeorge Pomioover, Frederick | 197, 92y Duques Lt st pf (5) 3% 1% Newport Industriesss W. MacKenzie, R. Frederick Hatcher, 24 21 Newton Steel Samuel Peacock, Thomas K. Conrad,| 18% 2% Eastern Roll M1l 18%% 24 NT Contral, ; Bynum E. Hinton, Herndon Morsell, | 185% 77 Eastman Kodak ( 88 214 N Y Chicago & 8t L Horace E. Troth, Truman Abbe, Frank| 21% b% Eaton Axle& Spr50c. o e Shipe, Edward J. Welsh, Ralph Given,| 11% % Eitington-Schild.... NY & Hartem (69, oe Ben T. Webster and Sidney C. Cous- 69 Eitington-Schild pf.. . ins. T4% Elec Auto Lite (4)... 94% 17 NY, N H & Hartford 9% 21 Elec&Musical [nstru 119% 52 NYNH&HD!(T).. Elec Pwr & Lt (1)... 13% 5% N Y Ont & Western.. Elec Storage Bat (4) 12% 2% N Y Shipbullding. , 1k Horn Coal. 107% 80% N ¥ Steam pf (6).... 95 1k Horn Coal p + %! 2915 10 Noranda Mines (2).. 13% Endicott-Johnscn(3) +1n 106% Norf & Westn (12). 1274 124 Eng Pub Sve (1.60)., A ; 11 2% North Am Aviation. 3% Eng Pub 8Ve ot (5) . +24" 904 26 Nor Amer(bl0%stk) 146 834 ww (5%); + %% _§7. 60% North Amerpf (3)... -2 45 4§, another Latin American republic, set- IPERMANENT] e e e ST st BUILDINGFASSOCTATION waited only one more year, such settle- | Lowest Rates of Interest and Commission | § ment would have synchronized with the ufl‘??u-fi‘vfifafi‘i'vfias“& centenery of the country’s first default, | Thomas J. Fisher & Company, Inc. RN in 1827. Hondurans apparently are not sentimenil: entty et | IR to ?ny eventually. When and how re- = ma Organized 1879 52nd YEAR COMPLETED i s/ § Equitable Co-Operative Bldg. Ass’n prospects are very slim. JOHN JOY EDSON, President WALTER S. PRATT, Jr, Secretary SRR | B . 6 Kelvinator Corp. ... Diversifie -] 9% Kennecott Copper 50¢ | Bivel 15 Kresgs (85) (1.40), 7 | Equiy 4% Kreuger & Toll 1.61). + v | Equity ‘Trust Shrj 1215 Kroger Grocery (1). }{‘;‘;fl“?“ P e P EL (Copyright. 1932. by the North American Newspaper Alliance, Inc.) Washington Produce Butter—One-pound prints, 31; tub, 30. Eggs—Hennery, 21a23; current re- ceipts, 18a20. Poultry, alive—Turkeys, old toms, 20 222; young toms and hens, 25a28; chick- ens, 3 pounds and over, 18a321; 2 to 2% | pounds, 18a20; broilers, 1}, to 2 pounds, 18a20; hens, large, 20a22; small, 15a16; Leghorn hens, 14al5; roosters, 11; keats, s o O o Int Sec Corp Am B Int Sec Am 6% pf Assets. ..........$6,124,601.00 Subscriptions for the 102nd Issue of Stock Being Received e o (TR AT T SrestsrswanSon 255 PG Mutual Inv Tr A Great Accomplishments Through Systematic Saving young, 40a45; old, 25a35. E @ RolwurrSnmmmSume TTTORROREN BELLS © 8 TS Poultry, dressed—Turkeys, old_toms, Uais e ogiant )hexu. 27230¢ Thousands today enjoy prosperity because they chickens, 3 pounds and over, 30a22: 3| adopted the systematic saving plan of the Equi- fo 215 pounds, 33a25; brotlers, 1 6 2 table. Whether you are saving for a home, your > children’s education, or for a future business, start pounds, 23a25; hens, large, 23a25; small, DPal6: Leghom hens. 17a18. roosters, |= Tight now to make your dream a reality. 14: keats, young, 60a70; old, 50. Meats—Beef, prime, 16; choice, 15; good, 1214a13; cow, 9'5a10; lamb, top, 14; fair to good, 14al5; common, 13a 14; veal top, 15; medium, 14; pork loins, 8 to 10 pounds, 13al4; 10 to 12 pounds, 13al4; fresh hams, 8 to 10 pounds, 12; 18 to 22 pounds, 19 smoked % | hams, 16al7; strip bacon, .16al7; lard, 80-pound tins, 812; package, 9; com- pounds, 7aT%;. Live stock—Hogs, light and medium, 4.4024.65; heavy, 4.00a4.35; pigs, 4.00a 4.50; roughs, 2.50a3.25; calves, 4.00a 9.00; lambs, 4.00a6.50. Fruits—Strawberries, quarts, 15a25; apples, bushel baskets, 50a1.00; fancy box stock, 2.50; oranges, Florida, 'onBruenS! o) SR o 2 wons’ w8 % Sec Bl Bec Int Sec 7. 1st pi Secur Corp Gen 36 pf Selected Amer Shares : Bhares. . Income Shares.. Manage Trust Come in and talk it over 915 F St. e lye sistant tr 38" Irving Zirpel, d rd a t trust of- ficer; W. Frank D. Herron ‘William Miller, G El her, assistant treasurers; William S ns, J. Wesley Clampitt, jr., and Willard G. McGraw, assistant secretaries eorge E. Ham- flton, jr., assistant attorney eSS o w EE-TO SOOI - FVIVE PARG - T IS S0 BAL RESH SAFE MO RTGAGES s, Trustee Stand Inv D.. Trustee Standard Ol A... Trustee Stand Oil Shares B S S Savings. eventh Street Saving Trusteed N Y C Bank GIVE YOURSELF TWO INCOMES One which you receive weekly or monthly for your services and the other, an equally definite one, from investment in our Stockhol ngs B ve elected the follow- Elmer Bacon, Wil- S, Chesley, John M. De Marco, und, John D. Howard, Harry J J Kolb, . Rodger O'Hanlon. Be Alexander H. Plitt ge. Henry J. Ruppert, John A Tt Sergeon, Charles hugrue, Joseph B. t & P Tust” Shares Over a Third 6% FIRST MORTGAGES The more of your surplus funds that you so invest the greater com- petency you provide for future en- joyment, Century Without a I % NEW YORK BANK STOCKS |y1pprLERURG NATIONAL BANK Loss MIDDLEBURG, Va, Jan 13 (naw YORK, January 13 ().—Over-| (Special) —The _stockholders ot 4 counter market: Middleburg National Bank at their an- nual meeting held in the house at Middleburg re-elected the following 10! officers: D. C. Sands, president; T. U. 120 Dudley, first vice president; James B. 1% Y 0 1800 | Skinner, second vice president; Sydney 26% anhst, ¢ 3 36 | Thompson, cashier, and Earl H. Daw- 6 bitc ... % son, assistant cashier. 8 + % 2 Directors of the bank re-elected are: 4% Aldrich Dudley, Dr. H. A. Spitler, J. W. (1 Cochran, Miss Charlotte Noland, Walter L. Goodwin, Col. Floyd Harris, Capt. C. M. McCormick, J. L. Leith, 8. P. Luck, | Oliver Iselin, Walter H. West, H. J. |l Duffey, D. C. Sands, T. U. Dudley and » FEF ¥ May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N.W. & Pl +t+t ~ N s & FRERS e ARG o Federal-American Co. Elects. At the annual meeting of the stock- holders of - the Federal-American Co held today, these directors were elected: Charles G. Abbot, Byron §. Adams, Les- ter A. Barr, Charles D. Boyer, W. . Brenizer, Walter A. Brown, John Dolph, © E. Galliher, THERE IS NO SUBSTITUTE FOR SAFETY %