Evening Star Newspaper, January 30, 1932, Page 15

FINANCIAL, THE EVENING STAR, WASHINGTON, D. C. SATURDAY, JANUARY 30. 1932. - CURB ISSUES MOVE N NARROW RANGE .- Pivotal Stocks Show Irregu- lar Trend—Specialties Are Lower. JOHN A. CRONE. The Curb lar today hi & Share rvice eased in early dealings | ement that L Farm Implement Shares. - Honeywell 1p 2 pot as its 1931 profit 954 in 1930 igh it port 445 1930 wheat was m of the rise in agricultural gh of war stocks up such exampl bidding for year metal. It has past two e com- 2 use of insurance issues. gs receded follow- et Toss of | Toss | ATTERBURY IS HOPEFUL | DEMAND FOR AMERICAN GOLD EAGLES IS INCREASING ABROAD net iched a new facturing 2'4 polnts ica session in BONDS ON THE MARKET. CURB a5 D stimulated | Regulator of was ra Shares un- a common | traders nd their end around | recovered the Dividend Rate. Agfa Ansco pf. Ala Power pf (8 Allied Mills Inc, . 2 Aluminum Co of Am 950 AmCom Pow A..... 1 AmCOrp:....o0 Ax: Cyanamid B... A For Pow war. Am Founders. . Am Gas & Elec (11). Am Invest Inc (B).. Am Lt & Trao (2%). | Am Superpower . | Am Superp 1st (6)... i Am Util & Gn B vtc.. | Anglo Chil Nitrate. Appalachian Gas Arkans Nat Gas A . AsSOG&EI (A) b5% . Atlas Utll Corp. ... Auto Vot M Co pr pt. Beneficial | L (13%). Blue Ridge cv pf(a3) Buft N&EP pf ( Butler Bros. . 2 Celanese Corp 1st pf. Cent Pub Sve A b5%. Central States Elec Childs Co pf... Cities Service (g30c Citles Serv of (6)... um G&E v pt(5) Colombia Syndicate. Cmwith & Sou war.. Consol Auto Merch Creole Petroleum Darby Petroleum Dayton Air & Eng. Deere & Co. ... De Forest Radlo. Detrolt Afreraft. Duquesne Gas. ern Sta Pw pf B. Sta Pow (B)... last Util Asso (4) Elec Bond&Sh (b6 % ) El Shareholdg(b6% ) 0 Phila 1.60. Ad(p36 3-5c) L1d rts(p36 3-5¢) } 1 Theat Eqcv pf.. 5 len Alden Coal (4). lobe U'wtrs (p 40c) Gold Seal Elec new ioldman Sachs Goth Knitback Mch. Gulf Oil of Penna. Hackmester Lind Hamliton Gas v.t:e... Hudson Bay M & S. Insull Inv (b6%). . Insur Coof N A (2).. Intern Superpr (1) Int Utility Int Utilities war. Interstate Pw pf(7 except those designated by letter “s.” | —Prev. 1931 nd Bales— AJdd 00. Open Birh Hith Low Mo-Kan Pandem Phoenix Stock and Dividend Rate Lake Shor Mines (2) 1 Lefcourt Realty 1.60 1 Lefcourt Real pt (3) 1 Mid West Ut (b8%). Minne-Honey pf (6). 10s NEW YORK CURB EXCHANGE Received by Private Wire Direct to The Star Office, Sales— Add 00. Open 24% 5 Low Close 24% 24% 16% 164 16% 3 5% 64 Pipe Line... 1 Mohawk Hud 1st(7). 25s 4 Nat Aviation 2 Nat Pow & Lt pf (6). 508 Nat Sh T Sec A 60c. New Eng Pow pf (6) Newmont Mtning. .. N Y Shipbuilding Cp. Niag-Hud Pow (40c) Niag-Hud Pow A w.. Niag Share(Md) 20c. Nor St Pow A (8)... Ohito Copper 2 6 108 o1l. Parke Davis (11.65). Pennroad Corp (40c) Secur Corp. Pitney Bowes (b4 %) Pub Sve,N Ilin p(8). Pub Ut H Cp cum pf. Republic Gas Corp. . Reybarn Co..... St Anthony Gold. Salt Creek Consol Selected industrie: Sle Ind al ctfs(5%) Shenandoah Corp. lica Gel ctfs. . 34314 1147% Snider 9% 23% 20'5 Sou C: nger Mfg (8).. "ack (new). . South Penn Ofl (1).. SoCal Ed pf B (1%). S Edpf C(1%) . Union Gas Spanish & Gen rets. Stand Of) Starrett Corp pf. Stutz Motor Car Sun Invest pf (3). Sunray Oil Swift & Co (2) 5 Tob Prod of Del wi. . Unit Founders . Unit Gas Corp Unit Gas pt (7). Unit Lt & Pw A (1). Urit L & Pwr pf(§) u Line Unit § Inter Sec 1st pf s pf.. ores v.t.c.. Util Po & Lt (b10% ) Venezuela Petrolm. . Waitt & Walker. Bond A(2).. H (25c) Wayne Pump pf. . B Wenden 124 Wiwthk 2% 9| Dividend rates 10| nuai payment. 1% | & Payable in “cash or 1, | dividend. 46" | siock. i Pl "W Ltd “¥" Ol & Ga n in stock. stock. nPlus 8% in stock. p Pald last year—no regular rate Coppe: stock, ment stock hPlus 1% in m Plus 3% in & Plus 6% in stock. k Plus 10% in stock. By the Associated Press Gen, W. W. Atterbury, president of the Pennsylvania Raflroad, declares the joint benefits from the Railroad Credit Corporation, the wage adjustment and the Reconstruction Finance Corporation should be extremely helpful in prevent- ing further defaults on railroad bonds this year The importance of this to our great financial institutions can hardly be overestimated, he said. “For example, he sald, “life insurance funds are in- vested to the extent of nearly $3.000, 000.000 in raflroad securities, and the National Association of Mutual Savings Banks estimated the holdings of those | institutions at $1,650,000.000. In other | words, life insurance companies and mutual savings banks alone hold over $4.600,000,000 of railroad issues, or one- fourth of the total net capitalization of the roads of the country.” most important part of the protection behind 68.000.000 life insurance policies and 14,000,000 savings accounts,” he summed up. Mr. Atterbury said he was hopeful of rly and favorable action on the rail- roads’ consolidation plan now in ad- vanced hearings before the Interstate Commerce Commission. He said, in his opinion, that few events would do more to restore public confidence and stiffen railroad credit. ELECTED PRESIDENT. James T. Carter of Fidelity Trust Co. of Baltimore has been elected president of the Corporate Fiduciaries Association of Baltimore, Griswold of the Maryland Trust Co. INVESTMENT TRUSTS NEW YORK. January 30.—Over-the- ter market Bid. Asked 22 3 B C Tr Shrs g 4 B C Tr Shrs 1 D o AV 3 pf pf.. & Pac Int units k com Fixed Trust Sh A.. Trust 8h B... d 8hrs A Fund Tr Shrs B. Grar Trade Gude Winmill Trad Incorp Investors 1 Eq rs of Indust A Ceaders of Indust B Leaders of Indust C Priced & Corp Shrs Invest Tr ... e Sec I Indust Shrs . 1 Tr 8 C Qld Col Inv Tr Old Col Tr Assoc Petrol Trad A Public Serv Tr Repres Tr Shrs ‘.. Sccond Int Sec A"/ d Int Sec ¢ Int_Sec 67 1st pf cur Corp Gen $6 pf clected Am Sh : lected Cumulative 8h... ed Income 8h .... Selected Manage T Shawmut_Bar Spencer Trask Fund Stand All Am Tr.... 8tand Am Tr Shrs Stand Collat Trust Street Invest TEA of ‘Am Tr' B of Am Tr C'. Super of Am Tr D | Trust Shrs of Am Trustee Stand Inv © Trustee Stand Inv D. Trustee St Oil ‘A i St Tustee Qil Shrs Trusteed N Y C Ba Trusteed Am Bk Sh Trusteed Am Bk A 20th Cent Fixed Tr st E B nk United Fixed Shrs .. Unit Fdrs 1-70° Com Tnited Ins Shrs . & Flec Lt & Pow s Elec Lt & Pow ; : 3 rsal Tr Sh .. 5 2% dividend. IN RAIL CREDIT PLAN‘ Railroad securities thus constitute a ! succeeding Robertson | ! | were $274,855,725 and - | Europe ‘ Africa 30 | with December were: . By the Associated Press. | | NEW YORK, January 30.—Although a majority of European nations have renounced the gold standard, their citizens are showing an unmistakable yearning for American gold eagles. It was disclosed by bankers that roughly, $5.000,000 & week is finding |its way from the United States to the strong boxes of European merchants jand the socks of Europe's gold-loving peasants. This money is not coming primarily from the American-owned gold reserve but largely from the gold balances foreign nations had previously built up here. The movement of outgoing gold coin is included with gold bars in the weekly figures on gold withdrawals which the Federal Reserve Bank issues. | More than any other gold currency, it was stated, the average European | likes the American gold eagle and double eagle. $20 pieces cherished possessions So strong has the demand for coin become in continental Europe that premiums are bid on gold dollars in Paris, Amsterdam, Berlin and other cities! The Englishman likes his gold, too, analysis of gold movements indicated. but ‘he will not bid so high for an eagle as his continental contemporaries A total of $29,379,300 of foreign gold balances was withdrawn for export today. This was divided into $20,- 369.600 for France, $4.765.000 for Hol- land, $4,164,700 for Belgium and $80,000 for Switzerland. There wgs a partly compensating decrease of $16.- 132400 in gold earmarked for foreign account. There were no imports to the New York bank, but word was received from San Francisco that $81,000 in gold had been received there from China CREDIT CORPORATION | T REMAIN ACTIVE | Work Will Be Kept Separate From | Reconstruction Move, Buck- 1 ner Declares. | Mortimer N. Buckner, president of the National Credit Corporation, on re- | turning to New York from Washington | said: | “I have been in communication by | telephone with George M. Reynolds of | Chicago, chairman of the National Credit Corporation, and he authorizes me to | | say that any reports that the credit corporation would wind up its affairs and turn them over to the Reconstruc- | tion Finance Corporation were un-‘ warranted. “The fact is that there is no pro- vision in the act creating the Recon- struction Finance Corporation under which the credit corporation might be combined with or absorbed by the re- | construction corporation. | “Under the credit corporation, local | loan associations have been duly or- | ganized in 41 States. Subscriptions to the depentures have been reported | to an amount in excess of $450,000,- 000. Loans and commitments out- standing amount to upward of $155.- 000,000. Some 750 separate loans have been made to upword of 575 dif- ferent banks. ~ “The credit corporation is function- ing actively and will continue to do so until the Reconstruction Finance Cor- poration is fully organized and op- erating throughout the country. After- ward, 1t is the purpose of the credit corporation to keep its organization intact and in readiness to render such services as may be needed in fulfill- ment of the original purpose for which the credit corporation was formed That purpose was to provide additional credit facilities, when needed, to banks throughout the country on sound as- sets not_eligible for rediscount with Pederal Reserve banks.” PARIS BOURSE PRICES. PARIS, January 30 (#).—Three per cent rentes, 79 francs; 5 per cent loan, 102 francs 20 centimes. Exchange on London, 87 francs 87 centimes. The dollar was quoted at 25 francs 41 centimes DIVIDEND VOTED. BOSTON, January 30 (Special) —A dividend of 20 per cent, payable on all policies expiring in February, has been declared by the American Mutual Lia- bility Insurance Co. This is the 521st consecutive dividend. | By the Associated Press. American shippers exported $2,433.- | 759,239 worth of goods in 1931 and im- ports totalled $2,089.802,098. This was announced by the Com- | * | merce Department in making public | | complete foreign trade figures for De- cember. During that month exports were val- ued at $183,577,620 and imports $152,- |940,444. In December, 1930, exports im; - | 636,013, bonieRace For 1930 exports amounted to $3,- 843,182,282 and imports $3,060,008,489. Exports by grand divisions last De- cember were: 1931, 02,241,907 20,101,426 1930, $141,617.486 37,146,710 Northern North North [0 {eot | Oceania Africa Total $275.855.725 $183,577.620 Exports for the 12 months ending | with December were d Euro $1,838.57706 o8 urope ...........$1,838,377,061 31,185, |Northern North s o 870882197 402,993,082 188,291,028 158,684,168 348.875.129 08,209 . 384,271'839 411574930 50,958,967 South America Asia .. Oceania Africa 7,087,571 18,803 62,322 ++0+.$3,843,181,282 $2,423,780,239 December Imiports, Imports during December follow: Totals 1930, 56,653,590 7,333,252 1931 $50,230.840 21,229,414 14,612,570 241179146 30.745.355 EUIODe. ......o..ss Northern North America ... Southern’ North America Sonth Amer Asia . 6: 66 2228069 1. 0 3,353,882 1,574,839 ...$208,636.013 512,640,444 Imports for the 12 months ending | Oceanta 1930, 008,845,032 . 414,355,635 347,385,834 433516384 836,495 412 277,139,126 239.930,765 307.277,346 LI 110802 7,548,181 32,884,435 Commerce Department officials sai | shipments to Far mcrm’.:eg‘ (586,906 against $20,325,119; Italy, §' 4 | lands, $3.448,285 against : U. S. MAINTAINS FAVORABLE | TRADE BALANCE DURING 1931 because of large purchases of low-priced cotton, Shipments to _principal European countries were: Belgium, $4,412,254 in December, 1931, compared with $5,747,~ 626 in December, 1930; France, $8,278,- 916 against $19,171,779; Germany, $1 075,720 against $8,625,229; Netherlands, $5.210951 against $10,232,556; Soviet Russia_in Europe, $4610,198 against $7.898,337; United Kingdom, $36,699, 486 against $53,870,641; Canada, $1 776,876 against $36,077,187. Imports Distribution. Imports from principal European countries for December, 1931, compared with December, 1930, were: Belgium, $3,018,179 against $2,506,402; $6,722,036 against $7,274,851; $8,186,532 against $11.615.813; $6,630,251 against $5,252,02: 196,196; So- viet Russia in Europe, $548.404 against $1,168.8? United Kingdom, against $11,4 against $26,155,348. Imports from China were $3,495.850 in December, compared with $4,218,433 in December, 1930, and from Japan, $18,802,513 against $27,208,700. Business Notes NEW YORK, January 30.—The hard- ware trade expects that prices on Spring merchandise will average 10 to 12 per cent below those of last Spring. De- mand for the coming season is already asserting itself, this partially compen- sating wholesale dealers for the slack movement in Winter merchandise. The American Glass Review reports a continued good volume of orders for lass, including laminated types, mainly fmm the automobile industry. Manu- facturing operations in flat glass con- tinue slow, with most units operating below normal capacity, the Review states. 1In merchandising circles it is stated that the early advent of Easter this year has not resulted in a correspond- ingly earlier placing of orders for Spring apparel and accessories, | will % lbe far away, The American $10 and | Everybody’s Business Developments in Far East .Exert Selling Influence on Stock Market. BY DR. MAX WINKLER. Special Dispatch to The Star. NEW YORK, January 30 (N.AN.A) —The market seems to have been sub- jected to a certain selling” pressure in Ithe course of yesterday's trading, largely as a result of developments in the Far East. . Although the Sino-Japanese situation is somewhat more serious than many have been or are even today willing to admit, it is still hoped that conditions not be permitted to get beyond control. It is rather sadly ironical to find so many war-like gestures on the part of nations at the very time when the world is beginning to look for sal- vation and brotherhood of man as a result of the forthcoming Disarmament Conference. A cynic remarked recently that when nations assemble to discuss disarma- ment stocks of munition companies in- | variably score advances. It is hoped more than expected that the present conference will prove an exception. Reports to the effect that the Na- tional Credit Corporation would wind | up its affairs are unwarranted, accord- |ing to Mortimer N. Buckner, president. | The corporation is functioning ac- tively, and will continue to do so until !the Reconstruction Finance Corpora- | tion is fully organized and operating hroughout the country, Mr. Buckner ays. Depositors and stockholders of the numerous financial institutions which losed their doors since the creation of the National Credit Corporation will be perhaps inclined to question the | president’s remarks concerning the ac- | tive functioning of the enterprise. The rate of decline, allowing for |sonal conditions, has recently measurably checked, and creasing evider of approaching sta- | bility, according to Lammot du Pont president of E. I. du Pont de Nemours ! & Co. | " As soon as confidence returns, Mr. | du Pont says, and the time should not the wheels of industry and trade will begin to turn more rapidly and the stimulus of the coun try’s wants, combined with the energy and capacity of the American people, will gradually bring back a sounder | prosperity. based on a recognition real values and an abandonment of un- sound speculative dreams Politicians on both sides of the Rhine continue to appeal to their respective constituents. Both seem adamant, or at least convey that impression. Nevertheless, things are shaping themselves properly, and some sort of at all unlikely. Renewal of the French portion of the Reichsbank’'s credit is view of recent threats by French politi- cians that no postponement would be granted. France is much more realistic than she is receiving credit for. Refusal to extend the credit would precipitate a new crisis in Germany, which would prove disastrous not only to Germany but to the whole of Europe. France | appreciates this and will act accord- | ingly. The oil industry will be placed on the highway to economic recovery if the | East Texas field can be kept under proper control during the next 30 days according to Amos L. Beaty, president of the American Petroleum Institute This statement, Mr. Beaty adds, is predicated on the ability and willing- ness of crude oil purchasers to absorb allowable production in East Texas. A feeling of optimism prevails in the West as a result of the Railway Credit Corporation, despite the absence of any actual business improvement, according to Charles Donnelly, president of Northern Pacific. Mr. Donnelly placed the system's earnings for 1931 at $3.60 a share, of which slightly more than $2 a share represents special income from owner- ship of the Northwest Improvement Co. Without the special dividend. last year’s income would cover only slightly more than one-half the current dividend rate on the common stock. No interruption is looked for in the present $2 rate on Standard Oil of New Jersey at the meeting scheduled to be held Monday. Of the total $1 repre- sents extra disbursements. It may be pointed out that en though the full dividend was not earned in 1930, the company continued to pay both the regular and extra. The cor- poration’s satisfactory surplus and cash position would seem to warrant the be- lief that the dividend policy will, for the time being at least, remain un- changed. Recent activity in Kreuger & Toll issues is attributable in large measure to the acquisition by the company of an 80 per cent interest in the Boliden Mining Co., said to be a gold produc- ing unit which has not been fully rec- ognized until lately. The company is understood to have a decided advantage over all possible competitors in the northern part of Sweden, which is beileved to contain sufficient gold mines to make Sweden an important factor in world produc- tion of the yellow metal In any event, the recently aroused enthusiasm over Kreuger & Toll should prove helpful in whatever financing the company may find necessary to arrange. (Copyright, 1982 by the North American Newspaper Alliance, Inc.). CHICAGO LIVE STOCK }—JARKET CHICAGO, January 30 () (United States Department of Agriculture).— Cattle, 200 head; compared week ago, fed steers and yearlings grading me- dlum and better, 50a75 higher; com- mon kinds advanceed early, but closed barely steady; steers and yearlings sell- ing at 5.25a8.00 predominated; e: treme top, 1,190-pound steers, 10.25; best weighty bullocks, 9.50: most heavies, 7.00a8.50: fat cows very dull and draggy; heavy heifers slow, but light butcher heifers and light heifer and mixed yearlings strong to 50 higher; better grades, 25a50 up; bulls, 10a25 lower; beef bulls off most; vealers largely 1.00 higher: little broader trade in stockers and feeders at 4.00a5.00; choice stocker yearlings up to 5.90; average price killing steers, approxi- mately 6.50 Skeep, 4,000 head: today's market nominal; for week ending Friday, 119 doubles from feeding stations; 5300 di- rects; killing classes steady to 25 higher than week ago: advance largely on fat lambs; feeders unevenly lower. Closing bulks follow: Better-grade fat lambs, 5.75a6.25; few 6.35a6.40; latter price taking 95-pound weights; extreme top at close, 6.50: medium lambs, 5.0085.50; throwouts, 4.00a4.75; good. to choice clippers, 5.2585.50; slaughter ewes, 2.508 3.00; week’s bulk feeding and shearing lambs, 4.5085.25 Hogs, 18,000 head; including 15,000 head direct; active, strong to 10 higher; 170-210 pounds, 4.00a4.10; top, 4.15; 220-340 pounds, 3.65a3.90; few pigs, 3.00a3.25; packing sows, 3.25a3.40; compared week ago, 5-10 lower; ship- pers took 1,500 head: estimated hold- overs, 2,000; light lights, good and choice, 140-160 pounds, 3.60a4.00; light weights, 160-200, 3.85a4.15; medium weights, 200-250 pounds, 3.75a4.15; heavyweights, 250-350 pounds, 3.60a 3.80; packing sows, medium and good, 2752500 pounds, 3.20a3.50; pigs, good and choice, 100-130 pounds, 3.00a3.60. Hornblower & Weeks—We would at least consider the strong possibility of the rallying tendencies which got under way yesterday afternoon carrying over into the early though we anticipate that such a de- velopment may prove only of technical significance. o of Franco-German rapproachement is not | regarded with satisfaction, especially in | St art of next week, even - PRODUCE PRICES ‘The rather weak trend of the pmduce‘ market near the end of January was not preceded by any large increase of supplies, says the Bureau of Agricultural Economics, United States Department | of Agriculture, Market News Service. | Carlot. shipments were much the same | as in recent weeks or a year agu. Low prices, as compared with last season, correspond Wwith receipts about as usual, but with light to moderate demand in | the city markets. Potatoes, sweet pota- | toes and cabbage showed some further price declines. Onions are still holding recent gains and seem to be in strong (market position. Apples sell at irregu- | | lar prices, which vary mainly according to condition and varieties. The good growing conditions in the South have favored the warm-weather crops and provided shipments liberal for o early 1in the season. Low market quality in | some oranges, celery and lettuce has hurt the market for these lines. Potato Markets Sag. The price changes in the potato mar- ket near the beginning of February were slight, but they continued the slowly downward trend of the past few weeks. The advances early in the | month brought larger supplies. Trade is dull in the city market and a part of the early January shipments are still on hand, as shown by track holdings of 1,000 carloads in 12 leading mark Recent arrivals are moderate in mo: of the large markets, but rather light in Boston and Baltimore. Demand is rerally slow. Jobbin ) een Mountains were y to per 100 pounds in six Eastern mm:krl‘.\ Long Island and Canadian stock sold at steady prices. New York and Penn- vania Round WI s weakened to 90 cents in Baltimore. were steady else- | where. Chicago sales of Green Moun- tains for March delivery were firm at at little below $1. In producing sections demand was slow and haulings moderate to light. There were a few small de but general position was fairly ., De stern New York generally ing to pay more than 25 cents per bushel to growers Prices are equally unsatisfactory to producers in Northern Maine, resulting iin rather t ments from both sections. New York potatces are ob- taini rather wide distribution, but the market territory for Maine stock is somewhat limited by the season’s in- ition with Western stock mited demand from the stccks in Northern | Maine are reported much heavier than |a year ago. Some shippers have only started moving potatoes from own storage houses and there are dealers who have shipped very few po- | tatoes yet. There is considerable in- | terest in the coming official reports of | country-wide potato stocks on hand | Range of potato prices, based on sales by dealers at leading shipping points, is from 45 c per 100 pounds in Maine to 50 to 65 cents in the Middle West and about 65 cents in Western New York Sweet potatoes are moving to mar- ket at a steady volume of a little less than 50 cars daily from all sources. Supplies are rather light in Boston, but liberal to moderate elsewhere, and the demand continues slow as for some time past. Trend of prices was slightly downward through January, | but markets were fairly steady at the |end of the month. New Jersey sweets ranged from 65 cents to $1 per bushel in Eastern cities. Maryland and Dela- ware stock of the Jersey type brought mostly 50 cents to 75 cents. North | Carolina Porto Ricans sold at 85 cents | in Washington, but reached $1.15 in Pittsburgh. Ungraded white yams sold as low as 25 cents to 50 cents in Phila- | | delphia and Baltimore. | g of 90 cents were Onion Prices Hold. Recent gains in the onion market were quite well maintained in late Jan- | uary, and the position of choice stock ppeared satisfactory. The only weak | point was the competition of some small, poorly keeping onions. These sold at comparatively low prices and gave a weak tone to conditions at some country shipping points. Carlot { movement is light and holdings on | track have been decreasing since the | middle of the month, amounting some days to scarcely more than 100 car- loads in 12 city markets. Demand continues generally slow. as might be expected with prices relatively higher than for other vegetables. Nearly all Eastern markets report supplies on hand moderate and demand only fair. | Range of jobbing prices on good yellow | stock in Eastern citles is $1.75 to $2.25 per 50 pounds. Some good Canadian | stock brought top of $2.50 in New York, | and a few Midwestern onions sold as | high as $2.65 in Washington and $2.50 in Atlanta. Red onions average a | little higher than the vellow varieties at present, and choice white stock commands a large premium, selling up | to $3.50 in a few markets. | Sales in Western New York produc- | ing sections indicated a slightly weak- er trend, with some lots of vellow stock as low as $1.85 per 50 pounds. Tone weakened also in Western Michi- | | gan, although demand was improving | there. Far Western country markets were about steady, with demand light. Cabbage Market Dull. The dull condition of the vegetable market in Northern producing sections seems to be partly due to unseason= ably mild weather which Has affected demand and keeping quality, ~The warm weathe; has cau;ledglyhe:bvg shrinkage and correspondin pnces.lgln Western New York loaded cars that were not moved promptly | often had to be discounted sharply when sales were finally made. Bulk | Baltimore Markets Spectal Dispatch to The Star. BALTIMORE, Md. January 30.— White potatoes, 100 pounds, 75a1.10; sweet potatoes, bushel, 40a80: yams, barrel, 75a1.25; beans, bushel, 1.00a 5; beets, per crate, 1.40a1.50; brus- sels sprouts, per guart, 10820; cabbage, | hamper, 50al1.25; carrots, per bushel, 1.00a1.25; crate, 1.00a 1.65; celery, crate, 1.00a3.00; egg- plants, crate, 1.50a2.75; kale, bushel, 20a30; lettuce, crate, 1.00a4.00; onions, per 100 pounds, 3.00a4.00; oyster plants, 100, 4.00a5.00; peppers, crate, 1.50a 2.75; spinach, bushel, 25a90; squash, bushel, 1.50a3.50; tomatoes, crate, 1.00a 3.50; turnips, hamper, 15a40; grape- fruit, box, 1.25a2.50; apples, bushel, 35a 1.50; oranges, boX, 2.00a4.50; straw- berries,_quart, 22a25. e VAT Dairy Market. Chickens, young, 17a20; Leghorns, 14a17; old hens, 13a18; Leghorns, old, 14a15; roosters, 11al2; ducks, 12a20; geese, 13al7; Guinea fowls, pair, 30a 60; turkeys, 16a28; pigeons, pair, 20a 25. cauliflower, Eggs, receipts, 772 cases: current receipts, 16; nearby firsts, 161%; south- ern firsts, 16. Butter, good and fancy, creamery, 21a241%; ladles, 15a16; process, 20a2l; store packed, 11a12. DIVIDEND DECLARED. United States Corporation has de- clared a dividend of $1 on the pre- ferred stock, payable March 15 to stock of record February 25. Three months ago a similar payment was made, A FINANCI REMAIN WEAK | DESPITE DROP IN SHIPMENTS Further Declines;Noted in Quotations for: WI”- BE SIUI]IE[] Potatoes, Sweet Potatoes and Cabbage. Apple Market Irregular. cabbage of the longer keeping varieties ranged $10 to $13 per ton and some lots sold as low as $8 by the carlot. Sacked | cabbage held generally within the price range of $12 to $15. Not much stock | is being purchased from growers and the price paid them is reported betweer $5 and $8. Liberal supplies of new cabbage from the South are satisfyin; much of the city market requirements and recently Southern cabbage has been declining in price, selling in New York at less than $2 per 100 pounds, com- pared with about $1 for Northern cab- bage in many Eastern markets. Ton prices range $15 to $20. Apple Markets Irregular. Price changes in the apple markets are not consistent, but are shifting mainly according to the shortage in some varieties or the poor keeping quality of reccipts of ather kinds from common storage. On the whole, the market tone was hardly as strong in late January, although the price average continued about the as during the rest of the month Supplie reported moderate and demand fa good. New York Greenings weakened 1o & range of $1 to $1.25 per bushel in New York, but were unchanged else- where. Baldwins sold about steady at 85 cents to $1.15 in Eastern and Mid- western cities. Staymans were firm in price at Philadelphia, reaching top of $£1.25, but sold at 75 cents to $1.10 in most other markets re $1.25 in same g range of 60 McIntosh, as usual, sold round $6 per barrel In New York. astern Black Twigs ached $1 in some markets. Dull ailed in_Eastern apple producing Colder weather no doubt will tend to stimulate demand. Pri obtained in the rece g market usually are not much above those pre vailing at some count Some sales of Baldwin ¢ York were higher than the gene in city markets. Most sa in the Rochester dis 85 cents per bushel. Gr $1.15 to $1.20. Some good Gre in barrels brought $4. Recent improve- ment in the export market has resulted in heavier movement to seaboard cents to $1 at top prices ral 750 L ¥y A—15 BUSINESS FAULTS Retail Clothiers to Analyze “Mythical” Store at ponference. BY F. A. RESCH, (Written for the Associated Press.) CHICAGO, January 30.—The men who sell American’s suits and over- coats have determined to profit by their economic errors of last year and outline a new approach to business methods in 1932 To this end they will study a “mytni- cal” store—these thousands of retail clothiers whose business in normal vears hits $2,500,000,000—and after an analysis of its operations they hope tol remedy faults in management of their own stores. This “mythical” clothing store, whose charts of operation, balance sheets ano profit and loss statements wul involve more fact than fiction, is to be thy major feature at the business confer- ence of the National Association o1 Ret, Clothiers “and Furnishers in ntic City, February 8-11 ere the Nation’s” clothiers are to pitfalls of 1931, their causes and £ Atter a graphic presentation of management methods in the “mytl cal” store, recommendations for 1932 policies will be made. ry departmental operation of the al” store will be studied in de- Its board of directors, imperso- d by some of the leading m its in the clothing business, will ze its business for the year, un- ring mistakes in management. make certain that major problems of 1932 are clear, a stereopticon ma- chine will portray the ‘“mythieal” store’s merchandising methods. Merchants whose volume runs to 00000 anr will gather in one cussion gr Other groups will ide retaile ose business is be- een $100.000 and $250,000 and those with a volume exceeding $250,000 Means of stimulating trade, problems of advertising and matters of operating costs will be principal questions under discussion. More productive use of store space, customer service and changing price ranges of merchandise ikewise will be debated stud effects & ADVERTSENENTS : ReceiveD HERE Rivca off wants are to be supplied. at any of these authorized Star’s Classified Section You can get quickest results for *'most any want you may have through a Star Classified Adv. T'S the one way to reach practically every one in and around Washington most directly—for The is first in mind when Copy for The Star Classified Section may be left Branch Offices—all ready to render prompt and efficient service—without fee; only regular rates are charged. In the Northwest 11th and Park rd.—Arm- strong’s Pharmac; 14th and P sts. Pharmacy. 1135 14th st.—Marty’s Cigar & Magazine Store. 7th and Que sts.— Ken- ner’s Pharmac: 15th and U sts.—G. O. Brock. 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. 215 N. Y. ave.—Sanitary Pharmacy. 1st and K sts.—Duncan’s Pharmacy. 7th and K sts.—Golden- berg's (time clerk's desk). 7th and O sts.— Lincoln Drug Store. 7th st. and R. L ave—J. French Simpson. 11th and M sts.—L. H. Forster's Pharmacy. Day's In the Southwest 10th st.. and Va. ave.— Herbert's Pharmacy. 316 4'4 st.—Harris' Drug Store. » 415 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. sts.—Paul's Drug Store. 907 H st.—Garren’s Music Store. 12th and Md. ave.—Luck- ett’s Pharmacy. 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 llzt L ave. Junction —Dr. F. L. Wight, jr. There’s One Near You 9th and U sts—M. H. Hunton's Pharmac 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- ave. — Dupont ave.—J. Louis 21st and G sts—Quigley’s Pharmacy. 25th st. and Pa. ave,— Columbia Drug Store. 3315 Conn. ave.—Joll’s Newsstand. 5017 Conn. ave.—Higger's 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- macy. In Georgetown 30th and P sts.—Morgan Bros.” 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.—O'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. 8. Boisfeuil- let, prop.