Evening Star Newspaper, January 25, 1932, Page 13

y FINANCIAL, THE EVENING STAR. WASHINGTON, D. C, MONDAY, JANUARY 25, 1932 FINANCIAL. * ca}3-E s GAININ INSURANCE NEW YORK STOCK EXCHANGE STOCKS ARE 1) el niatig REVEALS OIEEL OPERATIONS ot g 5 oy Sy ENCOURAGING TREND FOR YEAR SAI_ES NUIED HERE - P Moy fule s ok and Sales— = Net. IN I-IGH-I- TRAD'NG . 1’1 . D . o ~ — tock and L ividend R Add 00. High. . Cle Chee. F S e oF. raDiridend Tate dad 0. migh Loy, close Onet, air Showing During 1931 Indicated by é;‘. s Abitibi :‘“r& ]"app‘r. ;'y Grand Silver Stores. 3 2% 2% 2% — 4 - p . bl % Abitibi Pwr & Pa pf. C L O S rvey St t M S £ P ing E Adams Express. ... . 21 1 20% 20% 29% + 4 : u Ak rice ructure ore Dtable | Life Policies Show 6 Per Cent A pme Expetnn. o 2 ©op oz g 2 Wall Street Awaits Further Th A by {Trade Journal Notes Im- Alaska Juneau (50c) 15% Great Northern pf(2) 8 21% 20% 21% + % . Ot g Increase for Month of Al Corp..... 10 Great North Ore(2). 3 1214 12% 124 — News From Railroad an 1n er 1nes. il | ool Alleg predo ww., :'fi Great Western Sug., 138 5-: B% B% — 4 VDI S e L , | provement n Orders and & 64 Allied Chemical (8). 74 Great WnSug pf(7). 100 80 80 i December. 126 100 Allied Chem pf (1) 13% Giresna Concnen Cop, 108 15, 16 Wage Conference. Speclzl Dispatch to The Star. BoAYE 8 vinveritbries arafidly id e Sentiment. 42% 1014 A\Hl.\t( hnlr‘n’r!!\fiflc} B G 17 1% 1M NEW YORK, January 25.—In gen- | cent below those at the corresponding | 7; 11% Amerada Corp (2). e 1H e eral, 1030 and 1931 were trying years | Period in 1831. BY EDWARD C. STONE. e‘:. 124% Am Bank Note (2). 1% Hahn Dept Stores. .. ¢ 1% 1% 1% BY GEORGE T. HUGHES. for the clothing trad 1 The mild weather during the Fall| BY the Asociated Press. | “a% 1 Am Beet Sugar.... 11 Hall (WF) (1.2 g trade. It seems that|ang thus far this Wi g Life insurance sales in Washington | 129% 8814 Am Can Co (15) Hall (WF) (1.20) T ST | Speciat Disoaten to The st almost, everything that could have hap- | & us far this Winter has retarded | CLEVELAND, Ohio, January 25— during December were 6 per cent larger | 38% 414 Am Car & Foundr T a1 i e e iet put | neheal didk baprenns Thelweathsiyas | MmaYehiLiCEiaTerooatal apiliciare) BRITRAE (8 W RSRe s e daendency uring o | 88" 20% Am Car & Fay ptil 68 Hershey Choc (6). 1 78 78 78 — ™| godv the stock market opened the | unfavorable during most of the yi have been large carry-over stocks in|in the steel industry and operations than in December, 1930, and substan- | {8 g8 STHCATE YL ) 10k Harahey Ohiopfifys e 30 A0 (S SN | weeicuiwith 8Lock] uatket, openad 18 | ihd! the imscatonably: watm temperas [L00L thel Tetalll and imanufacturing {1 week Wil continue to increase, tially shead of the average for the| 31u § Am Colortype..... oI Houduille Hershey. " 2 8 3 8 ' |The pressure in evidence Fridsy and|tures of the Fall and Winter months Ut AT S e e e Bl R United States, which was 1 per cent| 144 & Am Comcl Alcohol.. 15% Houaton OIl. .. T bk Be A T | Saturdey was lifted and the list made | brought demand almost to & stop. This | Peratures have retarded clothing sales| "LIC NS ustry,” the magazine says tn bove the December, 1930, figures, ac-| B 64 Am & For Power. . Hag i 2 ShRen * W |slow but reassuring progress toward re- f ¥as ‘especially detrimental to the pro- o a discouraging degree, better busi- |ils weekly review, “is not yet experi- sbove L ouston Ofl (new).. 4 34 3 I - 4| QAT s e i mntal to the Dro~|ness is expected during the Spring |€Ncing the volume of business expected cording to a report received today {Iom | 30 i, Am Hide & Leath pf. : 112 12w 126 — W[ SOV uncertainties that | the carry-over of which from the year | MOnths, becaise of the. more general 2t this time fiom railroads. automobiles, :m“mgr !’Irg;:‘nbn sales in this CitY | aly 101 Am lec () : 05 Hadaon & Mani ()] % yg;v, -_»::: zg: Z |, N was the many uncertaintles that |Le CHITTS been unusually High | industrial employment. ‘bu[udm{ construction or pipe line proj- otaled 6,656, 2 ey 7 son Motor . LY & = . v | | ects, yet improvi arby States West Virginia made atiopa 3% Hupp Motors. 180 ik ‘;,):c(,mzk.;?mm:fll’l::uéféapmm!rrl‘;gfldr:c orbe dedlerEMttapiate redimiiate | Brice | tpstare Siinte S bt |t eers” Wicomt e b the vest record, sales being 1 per cent | oo Wia Tllinois Ceniral. 8 1T 18K 1Th + K| e e he an aareciaoat oves the |lower. This did ot help as more usits | oo Hivon, Proc §EIONI, decreasnd 1gficeptible e shead of th e il Locomotive. ... . 14 Indian Refining. 1 14 1% 1% + %/ railway wage question at Chicago. The [ Dad to be sold in order to meet pre- to 25 per cent during 1931, depending| "It is due largely to the gradual ac- Life insurance tme”; pein Vi e ey Moh & Fdy 1.40. 31 IndustRayon ()i s 4 30 29 20 4 %] e i roiiestion Was that the repres|| vicus‘salesitotals Asia resit, L Die>|on the quality of the material used, | cumulation of miscellaneous require- oft 5 per cent in December, and Mary- Ry A 264 Ingersoll tand (1).. 2 32% 82 32% = % ILialives of the unions Would yield in | {acturers had to fight hard to stave oft | but the market, became somewhat more | Ments plus a moderate lift from the Jand reported a drop of 10 p N 19% Inland Steel (2) T TON SO RO e e et | dlakteri abin R dAIEIOnIYOTthe rackenion | s o e al asel Gl thelyear Situmotivel ndustry, - that Tatesli worke ina y same, | 374 7% Am Rolling Mills nterboro Rap Trans 4 9% 9% 9% +1 o2 : e pring delivery has been downward, | ‘fen rough Jsnuary. Ialling off during the month of 4 Pr| g6" 1gii Am Safety Rasor (5) 52" IntBunMachine(n) 2102 1020 102" + % | Unida Siates e Santdog e Yo or, there were 637,568 fewer suits | Pt nO further declines are anticipated |, “An Inctease of 1 point to 28 per cent O Moirt. madslithebest showing Yor] 48, S30 . A BUELMICHELR R e el dnys mecting, with Varied ‘opihions | foF men and boys made in 1631 than fn | {°F A R EInelpal: dealera i the m-dEJleifi;lcrlzedéfled e T oy o A " % 17% Am Smit & REg(500) Y “ombustion. ... . 14 - 2 S | 1930, and 4,333,906 fewer th: y the princ! ealers in the early is week. In no district is any State in the Union, with & gain of | ®&2 “18 40 G o hemical 223 Int Harvester (234 ) 17 25 n 244 among sources of equal authority. One d Bbad ewer than in 1929. | oy, ¢e h there likely to be a I v v Y ey b « Am g ster (214). Giawiv g e In overcoats, the number made in 1931 | Woiter months. JEo el s e § Qicvelar diw 34 per cent, while Florida came mext| ,fif 3t AT 3o1Y & ERAmIcE 105 Int Harvesterpf (7). 1105 105 105 view was that there would be no change | .o The introduction of the $22.50 |be up 3 points to 41 per cent, th with a 13 per cent increase in sales. A foly Uhen D 9% 1 oty 0z 2 : + 1, |in the rate and another was that 50 | ¥as 64.000 under the total for 1930, and Qi thedy line | 1ign Lopshor e Geargin was § per cent anead, the n‘-% AL nn L nenndEy e alh 9% 9% 13| cents would be pald, on an annual $2 | 1,966,002 short of the output of 1829, | 1 Suits i‘:db‘;ve{fig‘ffilafigh o“rasv:f""upg s 2ty pT?rlcl:]n!t" Gfran ports from these o States indi-| “.o.. s3 \py 7 Int Nickel of Can 20¢c 18 EGSR“ vg(‘“?no‘_s;;gnd to believe that Production of Men's Suits. style, appeal and production p:::_'}arter dipping to 13 per cent last week, 5 co 80 31k Asi B4 Int Paper & Pwrpf.. 2 all payments would be omitted. Year Nubes sibilities, failed to build up the sales | slated for 22 per cent; Pittsburgh will improving. South, Stond 10815 8413 Am S Int Ry Cont Am 108 Buyers in Majority. T 15 896,750 that had been anticipated. Hcpe has|[0'd 8t 25: Eastern Pennsylvania at 17 bouznmuot itne diat sl L | 200 112 Am T I eui s TInitial trancactions weré at frregular 1930t Tt 12130450 | been placed so constantly on specially- o 15; Youngstown at 34, and Birming- B dower fhin i Deseibel 08 128 801, ‘Am IRnosig). 3 price changes. For a time it ooked s 1931... 14p2as4 | Priced clothing that standards of value | "“*\C o, Oines ettt pounced toces, e nai fures revet: | 102 13 T Founder”S 3 Intersiate DL 208 R g Tt o o ayjoreek might| Production of Men's Overcoats. | have lost e Tl mey‘;““"mm is being delayed by pressure 4 P O g coun- | "4 15y Am Woolen Co pf 7 i Investors Equity 4 from the outside and speculators for Year Number : - or economy. the magazine continues, :‘ed“f:‘n‘;:l;.“: mThfx:rx]rfl;:':r en, l:“’ 4% 94 Anaconda Copper... 17 B0% 15% Johns-Manville (1) 19 197 19 * 19% + 1 | the decline were too aittions o increase 1929...., 4,892,504 Value Receiving More Stress. ib\l‘kfity\lcturnl shape awards for the E R e Ahowea| 38 i3 AnchopCap (240). 1 12815 68 Jones & Laugh pf(7) 50s Sl 81 81 -2 |thelr commitments. Trading, therefore 1930 2,990,503 The greatly diminish | week were 16.000 tons, comparing favor- many other business enterprises 8 | 72 20 Armourof Delpf(). 1 T R etaes Aot e I e 1801 T et e tea Uring on the | ably with the preceding week, whils ch re severe slump. | 1 u ' = 4 %W Kan City So % Ve y und Jus - . 3 ' al ol e public during 19: - v " i s much mo e : l: 4 [ srmourof A 8 cul % e Clynnos 12 12 | fore noon, when the buying side ob-| The monthly average of output of |BECled ol_mfu {4 Mninpehie s ass | co | [OUYREASHexpRnded ftof 40,000 Business Turn Indicated. il P reies n b Uad . 5 5 4 18 5% K'mann Dpt Stra(1) - 1 6% 6% 6% ulIned”:he ufizperdhend. - men’s and boys' sults dropped from mund| during the ensuing year, particu- | Negotiations for railroad wage Te- In 1931, when the incomes of all 116 Ansotiated Anbarel s 3 £ 244 T4 Kayser (J)&Co (1) 1 ™M % ™ o r‘xfl e r? l'\:1 list it was Missouri | 2 453,000 in 1929 to 1,848,000 in 1930, larly fn view of the gain of late in gen- | ductions have encouraged steelmakers classes of people were greatly reduced, % Assooleted Doy Od 31 4 Kel 5 1% 1% 1% — acific preferr that attracted the|and to 1,733,000 in 1931. Th ) | eral confidence. The weather plays|to expect I over '$30,000.000 of new life was sold SN Amod Deytdos o 26" B4 Kelly o8 i 1% M - M| most atfention. It i understood that | average output of mens and bove: over, | SUCR 8 vital factor in the progress Ll et GRS BT TS every working day. Total sales for the 25 Atl Coast Line (4) 5 ::A : {elsey-Hayes Wheel 2 8% 3% 3% st{r?nvthtrmm t working in the stock | coats dropped 37 per cent in 1930, the the clothing industry that it is difficult| “Efforts to stabilize heavy finished year, although somewhat below those 8% Atlantic Refining 14 &l ator Corp..... 3 8% 8% By 4+ W En e theory that the issue is one of | figure for that year declining to 363,000 to forsee even the immediate future, |steel prices have made some progress, of the past few years were over 300 215 Atlas Stores (1). . 1 _ | 80 20 KendallCopt(6)...) 408 265 26w 261 — | the most undervalued of the non- | from 575,000 for 1929, In 1931, the de- Good weather during March doubtless |at least one important interest claiming per cent greater than the volume sold 84% Auburn Auto ( 314 9% Kennecott Copper 50¢ 16 11 1014 10% + % |dividend payers. New Haven was an- | ' . . will mean a satisfactory Easter seas to have w . g o Auto (£4).., 120 Tan < 2line was only 16.8 per cent, the monthly on, | to have withdrawn $1.50, Pittsburgh, on 15 years ago R ey 4 29% 15 Kresge (SS) (1.60).. 9 16% 184 16% other rail in demand, while Atchison |average for that period being piaced ay | Ve seasonable temperatures during | plates, shapes and bars” the magazin The trend in lite insurance during 2" Aviation Corp (De). 1 2ICEROADeaure & TollT S L Sk B iRl B E end URPR ESCETA e o e e 301,000, "8 placed 8t | April and May will bring & good volume | says. ' A e last months of 1931 Was UpPWATG 518 r Grocery (1).. W+ K Opening Prices Lower. of business after that holiday. Due to a red ¢ " v ¥ win Locomo . uction of $2 a ton 0t e whs e Sint. boow the T i | BT 40w Lambert Co (8) 10 52% B1% B1% + %[ The opening was fractionally lower.| o ‘;"“:' Output Lowered. o1 8l reckonings, it cannot be over- | anneated “sheets, Sieels e usiness elo! | 1 Baitiniore RObio Leh Port Cmtpf (7). 208 75 75 75 Gains in numbers abo 2| 1In 1927 there were 3,562 establish-| ampering influences | composite is down 20 cents t ; same period of 1930. At the end of the 15 s hcnni 5 Lehman Corp (2.40). 1 38% 38% 38% — %|clines in the rail Tt bt the Josses | ments in the United States producing | Of 1931 will exert their force at least | and the iron end steel compozim‘:: o nd and third quarters, the com- | Barmedall Corp. 5 1: Liggett & Myers(15) 2 554 b5 55% 15 | were wider. men’s and boys’ clothing, with the an- during the first six months of 1932. |8 cents to $30. The steel works scrap rison showed & loss which had been Belg N Rptpf 1481, 2 % Lick & Myers B (15) 19 3 Daited States. Bteel at 41% whs ,oft| Dual value of' e outhut placed ‘st | qmchf usee Uiicucs must be men- | Somnonte s reduced € cante {o 144, Teduced to 16 per cent. During the el ot S S % Ligg & Myerapt (D). 1 i A ARt ORR t A0 whe || $233 NI LT as aboutitielsarie | oL oL R] CIEERUR iR ehi R, Ptiwen | RSCCHIET Ah SIGN WA facTAD plecod in Jast quarter the volume Sold was suffi- | St + s Lotw's Iuc (14)..... & B T imore & Ohlo 8t 18%. Cenay| s 15 hAd Been in 1928 By 1929 the [ 1hat Nas résuited frow a long Beriod | mote than 20 years, clent to bring the year's sales to the RO X Loft Inc. 4 dian Pacifio at 1, Missouri Pacilc pre. | BUmber of manufacturers had increased | °f defreased earnings. | R — above-named total of only 13 per cent | EeUenam el (1) 33 % Loose-Wiles (t 3 ferred b 233, and Southern Railway|to 3623, but the value of production |, tendency on the part of the re-| below the 1830 volume Do St | a Lorillara (P) (1200, 4 B o e iy ‘Highes, | Teceded 'to $834350.689, a decline of | toller to favor merchandise that per- CHICAGO DAIRY MARKET. A The ):r)%dlcexAz]:nnlm ;;:;c):::d a&‘;o\fi:d Borg Warner (1) 7 AT T ]Imn (;ui:[«r:i/iu;. ) 1 4 y New York Central at 3115, Pennsylvania Tgout 10 per cent from the value in m&;;tgafimblefimnk-ux‘:, instead of | CHICAGO, January 25 () Butter- gain p cc - Rriges Mfg (1) 6 % Louisville & Nash(4) 1 27 27 27 41 |at 20% and Southern Pacific at 33% | 1920 g to produce volume at the | Receipts, 10,885 tubs: ttled; 5 sy grexm\‘r?\lernsnwfi e Brockway Mot e 19 4 Ludlum Steel 1SRNt were lower. By the end of 1930, the number of | $3c7ifice of & normal produce volume | ery, ipe.claiaa (D%N;c‘é‘:f?mzdzlfsgsnfi T over & Q) | Rklyn-Man Tran (1), 25 36 16% 3 TCorp (275). 4 1T% 17 17 —14| General Motors at 21% was un-|manufacturers had dropped to_ 3461 crifice Of a normal profit | extras (92 score), 21%; < Tess sold in the country and gained 8 AN b | DA e S LU erraiets 4 doubtless will result in small p ALX; extra Arsia (30 o aarib D\‘. last December. The next | v\nn_liln 'h‘ pf (6) 1 +1% 26% 12 ityre Pore M ( 1 15% 15M 15% + hl nged, as was Auburn Auto at 13734, A e value of the output to $667,- more bal i smaller and |91 score), 21148211%; firsts (88-89 per cent over ; By Bklyn Union Gas(5). 1 1080 381 Mekesamort D (), 100 49 485 49 41 |but Studebaker was slightly higher.|487.752. While the number of estab- alanced inventories and a great- | score), 203,a21; seconds (86-87 score) Jargest volume was sold in cnnsy}- Bruns Term & Rwys, 2 wl 17 3% McKesson & Robbins 3 4% 4k 4% Dupont at 505 lost %;, as did American | lishments approximately was the same gr stock turnover. In fact, this intensi- | 20a201;; standard (90 score), central- vania with a 12 per cent increase in EibyruRie oy oets | 1 wl 37% 144 McKes&Robpf(3}4) 2 19% 19% 19% Telephone at 116, Public Service Cor-|in 1931, and output declined but 5.2 | ication of sales effort on the most | ized carlots, 213 3 s sales : ! Budd (K G) Mfg 5 e e (S ) 2 13w 13n 131 _ s|poration of New Jersey declined % toPer cent, and the number of employed profitable merchandise is a noteworthy | Eggs—Receipts, 9.899 cases; unset- Substantially better conditions were Budd Wheel ¢ «| 106le B0 Macy (RH)& Coch 14 I sk 13w - w5900 and Standard Gas & Electric was | DUt 5 pér cent, the value of the mer- | Siangt that may be the salvation of |tled; "extra firsts, 15%; fresh reflected all over,the country. Seven- Bulova Watch 2 w| ™ 2 Madison SqGarden 9108, s ias oft 5 at 28, United Gas Imsrovement | chandise produced went down to $567,- | (S industry. firste, 1045, current restipts. s teen States shoed an increas in sales Rure Ad Mch (1) 5 W[ 128 % ManatiSugarpf....’ 200 2 2 2 4 y|rose i 18% 364,500, i T el . LA when compared 0 cember yers (A M) 5 W] 39 € ManhatElevmodgta 1 12 13 12 +1 encral Foods made the best gain in| This drop of 39.1 per cent in the || e COTDATE ractiouly every Siate | g AN e S oY 7 1iw 10w low T'.|that list being up Il points, but Na- | value of men's and boys' clothing man- o showed better conditions for the Month | 58 10k canada Drv (1.20) . 10 14 Marmon Motor Car 2 1% 1% 1% + | tional Dairy opened off lp at 23%. J.|ufactured in 1931 from that in 1927, Organized 1879 52nd than for the preceding 11 months of | Jeu 10u Canadian Pacific 1% . 16 %1 321 94 Marshall Field (23 2 1k 11 1} — 13|L Case gained 1 point to 38!, while|as compared with the decline of 26.6 . TN COMELETED) the year. 25 17 Cannon Mills (1.60). 1 : :;w 1§ §l\hir.~on Alkili (2 8 16% 15% 151 +1 }nwzr‘naclorénll !-!dnn;szoorl dr{)ppedlsh.de per cent in the number of units manu- lll a e S 9 181% 88% Came (J 1) Co. 15% May Dept Strs (2%). 3 17 16k 17 0 24%4. andard Oil of New Jersey{ factured, was the result largely of th ! t A Do vy ofwet. | 1004 e G S 160 A s s S e . at 2711 and Texus Corporation i 1174 | Incessant preasure on the price struc- | E 0 erauve g. ASS N 000 of 6 and 12 month certificates 10| 30l gua Cerrode Pasco (1 H 5 Mid Continent Petm. 2 ofls. brackets, |8 S{,”J;’fi:n’;i‘i:iwi“é‘%fpé?;m"n‘%’n’ff}?"«:' S0 81 CheckerCaddttar o 8 7 Midland Steel (3). 2 e —— g Manufacturing costs have been re- - Assets...........$6,124,601.00 r , W 5| 46 % Ches & i Minn Moline Pow uced v inti Qe 1 s : o be put in motion v onee. {0 i Ches&Onlo @) 71 R U. S. TREASURY CERTIFICATES | oecs o oty Sehen thas fopes, | Subscriptions for the 102nd Issue of Stock Being Received e certificates of 6 months' maturity | bpediids e MStP &S S Marie,.. 1 (Reported by Chas. D. Barnsy & Co) | It still costs the ¢ will be at a rate of 3% per cent and | ,‘, ] t‘)v ‘,"-,"" t |n.'ll¥ 4 N Eib e oor 1-r|’m. 3 1 v 5305 B 1h her cent.u e manufacturet about § those running 12 months will be at & 12 710 G\ LS R P 1 e 100 437 1007831 H % rate of 3% per cent. The 6-month ts| IR B4 CN ANCEC TG of + e ) 9030-32 109 " | Dollar Volume of Sales Smaller. | = A Savmg Plan That A]wa s Yielils ) 1 L tOADIe MRS o and the | g0 - 8y Chi Preu Tool 13 MissourtPacific.. ... 3! % 3633 160 i ole sales in many parts of |5 y 1€ -month February 1, 1933 | . 88% 71 Chi Rock 1& Pacific. 10 & Missourd Pacific pf i e country Were nearly on a par with There will be used out of the total (s i * Mohi J EvSTRE e th Y E {101 12 ChiRI&Paci%pf. 1 3 Mohawk Carpet.. he showing in 1930, the dollar volume u R $60.000.000 for the retirement of bills| a5 1in CH G pae T + Montgomery Ward FOREIGN EXCHANGE. of clothing sales in’ 1031 declined ap- | 5 xcellent Results matur ing Fe ruary 1. The balance will' a7y, agug ity Toss - : = (Quotations furnizhed by W. B, Hibbs & Co. | POXimately 10 to 15 per cent. In some|E utilized in the furnishing of rapllmi 90 6313 City Tce&Fuel pf 8. 308 Nash Motors (2) - » ‘Nominal g0la Belling checks | CRses, unit sales went as high as 20'Z o " for the Finance Corporation [ Sand Bl storen: s, s 0 Nat Bella Hess. value T84y " | per cent above the record of 1930, but £ While the opportunity is ripe—whil ] The decision to take care of imme-| 997, Ry Clark Equipment(1). 2 83% 6% Nat Biscuit (280)... Bt 3 such gainy wers mads ohieidy, in those you havi e SO el " diate needs of ;?erfi‘]g\i{;{erg:égo’::t:%:i 170 974 Coca-Cola (18) [ Tl sow 20 NatDairy (2.60).... i St o b A iredts i z:\‘!li ;"]‘ Stefld{. m;iomc tge e y 2 frel s 5315 45% Coca-Cola (A) (3). 3 T 15| %0 4% Nat Dept Strs 1st pf. B grades of clothing. a result, the ng plan of the uitable Treasury some time back. There ap-| §ow 24 Colzate-Pal-P (214). 4 T 36w 18 Nat Dist Prod (2). e retailer in 1931 had to sell two suits|® adopted 2 RN ars little liklihood that long-term ob- | 45s 11% Columbia G&EI(b1l 23 w148 111 NatLead pfA (1) Athens, drachma 1 of clothes to make the same profit he £ igations will be offered under present| 1081 724 Col Gas&EIpfA (6). 1 Tow| 120% 100 Nat Lend DB (6): e Betttne 4 renlized 111 1080em ‘one suit. Come In amarkes oqndiiand | 111 82 Columbla Carbon (3) 8 34| 445 10w NatPwr & Lt (1) Budpest pengo fase i Current sales reveal s diminishing St R e Mergenthaler Moves Upward, | 23% 8 Comm Credit (1.60). s T k| 88 18w NatSteel (2) 5}.‘:’.";& r:gmyumm ] 1% gglc 296150 fletmamtl for the‘che’npe{hznrm;nts, with A b - | aEw 18w ComelCreditA 3).. 2 = e salrbudthad B ot nterest increasing for the medium and 15 F In a small sale today on the Wash-| gg 52 Comcl Cred ist(612). 908 “ lgv: 1wa Nat Ten (1) AR Ll 1890 high-priced merchandise. ~While re-| 9 t. 7 llnuwtnp Su‘:‘(‘kk E!xr:\m:;:e I\ivrsvlnklm\“r‘ 254 15 Comel Cred pf B (2). 808 — | 14k 4% Nev Con Cop (40c) Stockholm, crown 26.8¢ 19.25¢ ur“fl: are beginning to call for sults inotype stock showed a stronger tone.| 24 181 ComclInv Trust (2). 3 T 8% 1% Newport Industries -- . of the better grades for the Spring || EpSGater & hEiey O Dy S romnvoa snovsieims. | ot S N D i st pri i | Comel Solventx (1). . - 3| 94 5 NYChi&StLpf. 5 ufa O, O | ettt e ;(.:2;- l)xr‘n;m e 5 1 Comwlith & Sou(30c) 52 - | 227 101 NY&Harlem (5)... (Reported by Chas. D. B"m;;m" Con"v the 1931 list prices. yashington Gas ht 58 were in de- | 4 H & Hartford -Ch 2 = er. 0% 100% in $500 and $1,000 denominations. | Congolm Nairn (1 8 N Y Ont & Western American Tel & Tel_stis 1943 10215 102% | WHRen salesmen made thelr first calls Potomac Electric Power consolidated 5, | Conn Ry&Lt (41 108 72 81 N Y Shipbldg pf(7).. s & i ot e I Gor A N e B D which have been popular in recent ses- | Conwol Cigars (5) 1 2914 10 Noranda Mines (2) Belding Hemingway Co. s 19: et cember, many commitments were de- sions, were again wanted today, two| Consol Czr prpf 8%, 408 81 % Norfolk & Southern. 2 Betniehen Bteel CoroC 85 1638 8315 $ava | ferred, but belated orders now are bel £1°000 cales being completed et 100%. | Consol Film 1 11 24 North Am Aviation.. 2 A Sortnwesiern & 87, |recelved; and, when the season wil ‘The list of stocks being quoted ex- | Congol Film pf (2) 1 901 26 Nor Amer(hl0%stk) 7L 324 Chicago Rock Isiand 787 | have terminated, it is expected that dividend was increased today by the| 109% BT Consol GasN Y (4) 4 60% 1414 Northern Pacific (3). 21 21% 204 21 (PR IR I 99 |the volume of business transacted will addition of Washington Loan & Trust| 107 88 Consol Gas NY pf(3) 2 8 4 or Ger Lloyd m: 8 T [ 7 o B PR A " approximate the 1930 total. Spring op- and American Fir: Insurance Co. 1614 & 81, Conebl TatnCries (i)t £ 19's b Ohio Of 4. 580 b e Delaware & Hudton Co. §s 104 | erations are being delayed, and it is I . Some of the members of the Stock 1% % Consol Textile . 8 B4 s Oliver Farm 1 1 1‘: “* & 1 [ peuRat & Hy Geaniesd e 6915 | considered unlikely that active buying nterest Paid Exchange believe that the merger of | 30 4% Contl Baking (A).. 2 1 h bl k] G Mot Ascab: ‘Corp. de 991, 100 | will develop much before the end of 3 belteve 2 8% 14 Contl Baking (B) 5 64 1% Omnibus Corp 6 2 24 2%+ W etroleum Corp. 55 1040 98'4 98' | Japuary. Buylng i ditol be on Savings the two street raflway lines is mw.i e a0 H 581 164 Otis Elevator 2 206 20 20K + % | Orand Trink of Conadn g5 1938 408 40 January. Buying s expected fo D¢ s L e 7% 164 8% Otis Steel. ... 1 3% 3% 8% ~— 14| Houston E. & W. Texas b5 193 - - - t B1'% 18 Cont Insur (2.40).. b . ‘exas bs 3 1 at 18 bid § 891y 8 Otis Steel p 108 13% 13% 18% - Humble O1l 5';¢ 1932 ith oo seis recordea, Apnouncement 13 ‘4 () Sharen ; S 20 OwemsIh G (10 2bG 2 a1 - W REAL ESTATE LOANS || O D e ias| Atw 38U Cornmreducts 8 Tor T Pacilc Gan & EI (). 5 33% 33Kk 33% + % A Made at Low Interest Rates | : B s tar s thals sevesed ad 1521 118 Corn Prod pf (T) 108 11 3% Packard Motor (40c) 15 &a 4% 4% Northwest' Telep. 4755 i Th 4 g E d 1R 2% Coty Ine 3 80 Bl Pur-Pub (b10%stk). 68 10w 9% 93 + %|Benan R R, 64 10y < € Im O € |nsurance George Harrison on Values, | 82 20 (rucible Steel . 2 2% % Pathe change 1 o [ [ Aopiinnd CenerR) s, 55 1935 . 985, % g | 108 867 Crucible Steel pf (7). 200 8% 14 PatheXxchangs (A). 13w 2w 20 Popuplic Jron & Breel 08, 10(0c, e B || IRAF o me teaatsd fac f2 . - ?F}{f:”},‘?"é;‘fl c,,',“.:-,",:’{f,;:"fi:fl" 2% % Cuba Cane Products 1 4 2 Peerless Motor Car.. 2 8 34 34 + % g{'%c‘l}:"flilcg'aflc;n?&fam4 i hfl""'é :re,}fllr?e.l‘:? e dealre | —often faces defeat, through unwise handling of the s, WAAELY x ey s 8% 1 Cuban-Am Sugar.... 1 4615 22 Penick& Ford (1)... 1 26M 26% 26% + v Ro& Q. 45 1033 30 833, St. NW. N (o i Sntale af Prines gk s i %} StTAmBEn: L @ @ reidcrod ) L oan gk e 4| S B Gt B R i S A 1 T v o0 nE tion | 100 20 Curtis Publish (4).. 64 D/ tiroad (2).. 172 22 2% + : 3 g v ficiari 3 Cprparadion, gall, S | % %1 Gubiien Wrisnts:. i 200 107" Deopres Gan Chi (8). "D dda dla aok 1N | wabaell Ry, S e B . ncome for your beneficiaries, create a Life Insur- o ole, auble mh o pouner [ amh % Quits W lsheiol RN 80 5w Pere Marquettepf... 20a 16 16 15 -1 e = First Mortgage ance Trust, with this veteran bank, Details will be Ay | i lues o et e 921 813 Pere Marquette pr pf 170s 1614 1614 164 -1 H £ . i S e e o e e Peagmmenany T Re-bo o STOGKS EXUIMIDEND. | SREEAECERD e itk e MR i suiferin, t_ rathe ket | o AW 12% 2% Phila& Read C&I.. 10 8% 3% 84 e oy Fra] values, Which represent the distressed Delaware Lack & W. % . 5 A : 6% relurn with a . hunters, have depreciated to a point Ses S nen Plerce Ofl ; Kxntidcend sy (A Lp AT OLDEST ; ? St where we get a wholly u e i Drug Corp (4) 10 62 51 s ot U REALTORS National Bank in ¢ ' R e arcaed St DupenEaRam )R T el pemer. L o s X NAtional 0765 he District of Columbia country upont de N pf (4) » 1004 100%4 Pillabury Flour (2) Bandini_ Petrol 3 = o The American people have been like TR 7T ket Roan 13 s s 8 Foor & Co (B) 4 DIl anane dorn 3 H t » inver stock | 21 B% EatonAxle& Spr 30 % Port Rie Am Tob(A) Columbia Gas & Elec isc 15 Money on Hand to Loan on ac o prices rea a bank-| 11 hild [ ® % PPort Ric Am Tob(B) Daganl $150°Q Feb. 15| | ru next dot ® ac-1 69 Schild pf. 3 9w 9% 205 4w Pri 0il & Gas. Do 5 of... LUs125 @ Peb: 13 . | cepted the stock m as the apnraitor| T4% 20 Elec AutoLite (4) 20 285 278 P Ldaitre e o Crowell Pub & B{ 3350 & Fen. ' First Deed of Trust P r . A+ 14 Pressed atable Trust Co (Wiln). 81 @ Feb. i of \? s, whereas it has been al 110 94 Elec Avnr Lite pf(7). IDI 9?‘4 92](4 Tl% 364 Proct & Gamb (2.40 F“‘é 1;'.1? ‘Bfif'l g:ol’:u(“kl! ).373¢ 'SI' g‘eh. "l) long time merely registering prices real- ectric Boat. . Iy [ 11213 97 . Proc & Gamb pf (5). S5 Bk ouis) je M Jan l R UR T e e 12 97" Prook damb bt ; oty ol s 8RR L 67, Interest ! e lee Pwr& Lt (1)... 46 1% 114 96 494 Puplic 23 834 Bon B2 Do'cony nf...... § Fe i3 | AN INVESTMENT THA lec Storage Bat (4). 1 80 80 Public 1 81 81 B8l -¥% ohe 8 Feb. 18 T POTATO MARKET e IR ; e T ! OGRE (). 2 89 8% 89 1 | MovE Eln BRI (Cieve) % R i e e CHICAGO, January 25 (F 455 6% Erie R I 1st 112 12 5815 1o Dullman Corp (3)... 11 20 21 22 +1 (Morria Plan Co (RD)... S R i e CARRIES SURETY WITHIT States Department of Agricultu 12% 8% Bureka Vac( 2 % 3% 114 3w PureOil 2 4% e 4% — % | Randal Co oD S . Potatoes—Receipts, 132 cars: or Tow B% Fairbanke-Morst.... 1 b5 5 554 108 Purity Bake 15 13% 124 13 + %|8wmlord Tiust Co' (Conn a JAMES F SHEA 268 cars; tot ited States sh 61y ¥ 51N 1% T 5 Radio Corp 2D 7% TR TR % maeee ek 1 Peb. 1 . . Saturday, 707 ATk 1B FeaLtE e (11 Lo 80" o Radiq Corppt Brorn B 184 144 144 + % |Tobacco Frod corn &1 MM g Feb i3 643 Indiana Ave. N.W. There is no room for doubt or ull, trading_slow ™% 2% E 3 Qio-Keith.O(new) 5 6% 64 5k 4 wl Do ex oo . 1se Feb. 15 S0 T 3 dredweigh g0, 03 : Reading Ry Co R ) oY h Benoinpton BECo- 38R ra e T T SRS A ST anxiety for the safety of an invest- 75280 fy 2 Jieal Silk Hosiery 3 3 3 Union_Savings B 20C_M_Jan : = Tl e’ 208 Teming ton- ltand Bome ool <MY pit Mortgage Loans | ment made in our Michiga 5615 46% e D D TR i Russet fancy, 63 4l 0 Republiciteel os.-- 20 5% B bW WE PAY 5% | B ‘hu Fomienca o b e DR N | st st ot Lnteres ad 6% FIRST MORTGAGES > 2y 15 onrsh Nat inv 2 Raynolds Met (11g). 1 b4 BU - W4 C R SAVINGS | ) ®/H 2 #lm (A)..oeeoe 8 215 Kaynolds Spring ‘ 4 =14 | e S W SILVER QUOTATIONS. 75 rankiin Smn pf (7). 108 513 69 Reynolds Tob A (3). 7 68K 14 A PART OF sher & Company. Inc. Over @ Third —ior the reason that the principal is ‘NE\\' YORK, Jan Bar 43% 18 Freeport-Texas UD._ 7 54'y 32'4 Reynolds Tob B (3). ELE £y = 3 i . | & . allver steady and une s T TR L o4 w Licnfeld Ol ; “ YOUR EARNINGS | The Most Highly Protected secured by conservatively appraise; R R Am Invest 1 10k 14 Rio Grande Oil 25 24 1 T f 1 it . P . jen Am Investors. .. 1% Rio Grande Oi S B e Am Investo IR HE : Deposited R ; { ype of Investment 5 improv. CLEARING HOUSE FIGURES, | AT ey ] e S ia 3 el e DAl Guaranty First Gentury A S Washington Clearing House figures | | Baking (2) 2 W N . B8 B ot t 5% I £ o= and they pay you an unfailing 6% for today, $2,530,850 48. [ en Bronze. . 2 30% 7 StJoseph Lead(60c). 1 9% 9% [ at 57 Interest Morigage Securities ithout a conti ly th h ife of v peads { able (A). . M R L e (R A S ilee e laviialhne inuously throughout the life of NEW YORK BANK STOCKS | i ',1,”;»”4.54?-'\ N T 4% SULSanbranpf.. 6 B T % 1983 o mere succesaful ‘year YIELD % Loss the mortgage | il selgrrss 3 Schulte Retall Stores t . etaE. 3 ! a Corp (3) 22 RonullaRatalLe o S 3 | ew n G&E ATt 11 SLnni Rlora i Start ModayWith $1 These conservatively appraised % NEW YORK, January 25 (#).—Over-| 48 n Motors (3) 231 8 4 s . . investments are secured on in- May be purchased i the-counter market | 103% 3en Motors pf (5) 1 ;_'f‘“"‘;}:"‘l::" s come-producing properties right ) o p n amounts mega | T8 a3 Gen peinicor (0) 108 Serveiing ko R i sl here in the NATION'S Capital. from $250 up. 3o 3en Public Sef 1‘ el S T Saturdays Until Noon list of our | B4 % Gen Realiy & Lul.. 1 il | Denominations as low as $100 ||| n Realty & Uil p s e ! 4 Y Shubert Theaters. Monthly Payments if Desired i n Refractories (1) 1 288 Simmons Ca send for Booklet. “The Success Plan” ||| n Steel ting pf. 308 SINONME 0/ B ‘ s s s i irojeu REAL ESTATE | 8 s . kign | 914 Gillette Saf Razor [ 12 e E T e ?1,‘.',!”,&“““vr,'" R T R } 62 Skelly Oil pf ww MnRME&G National 2100 925 15th St. N.W. gorn Exen .00 L S s Snider Packing - BUILDING ASSOCIATIO ra 82 13% Goodvear TAR (). 2 Nl e T ; CoRPDRATION i % i Sn 4 Gotnam Bk Homsry 1 ocony-Vaeuum (1). 88 10 949 NINTH ST NW. THERE IS NO SUBSTITUTE FOR SAFETY Han et €4 1% Graham-PalgeMems .4 3% (Continued o Page UNDER SUPERVISION OF LS. TREASURY 610 K St. N.W. National 1408