Evening Star Newspaper, February 8, 1932, Page 13

MONDAY, FEBRU FINANCIAL. EEF A—13 STAR. WASHINGTON, D. C o e ray |U.S.LEADS WORLD DECLINE IN STOCK Be for Two Days| |\ AUTU_[]WNERS FINANCIAL THE EVENING COLLECTIONS DROP |[T NEW YORK STOCK EXCHANGE SHOWN IN ANUARY O e 0 First Mortgage Loans Lowest Rates of Interest and Commissiot Thomas J. Fisher & Company. In¢ R S Stock and Bales— Net. " Diviaend Rate. Add 00. High. Low. Close. Chse. T Fisk Rub 15t pfev... 308 % % % 114 214 Foundation Co...... 3214 15% Fourth Nat Inv 1.10 Stocks sold in 100-share excent those desigmated by letter “'s.” —1931— Stock and Sales— Net. High. Low. Dividend Rate. Add 00. High. Low. Close. Chge. 2 Abitibl Pwr & Paper. 1 24 24k 24 96 Abram Straus pf (7). 239s 97a+124% MARKET RESUMES) B - NEW YORK, February 8—Wall Street is sure of one holidey this week Money on Hand to Loan on First Deed of Trust Credit Men’s Association Re- ports Sales Were Also Lower for Month. BY EDWARD C. STONE. Reflecting the uncertainty engen- dered by the political and economic de- velopments in January, collections and sales in 109 of the leading trading cities of the United States continued to drop slightly, following the usual post- holiday let-down at the turn of the year, the National Association of Credit Men reported today. Although a larger percentage of the ities reporting found sales and collec- tions to be in the slow column than was the case in the previous survey, two cities, Springfield and Worcester, Mass., reported good collection conditions com- pared to only one in the January sur- vey. On the other hand, no cities re- ported good sales conditions this month. Springfield, Mass.. which last month was the sole representative in the good sales column, dropped to the classifica- tion of fair. From the Middle West there is much comment about the low prices of agri- cultural and live stock products. Iowa states that the low prices of farm prod- ucts and many bank failures have a very depressing effect. It would ppear from comments made that there has been no improvement in collections auring the past 30 days. This is pri- marily due to the fact that retail mer- chants have not been able to realize as much money from their receivables be- cause of the faot that farm products sell at this time at a very low figure, the lowest in the history of this gen- tion. Stocks of merchandise with jobbers are lower at the present time than they have been for a number of years, according to informa- tion sent the Washington office. Retail Trade Remains Spotty. TLatest reports to the 12 Federal Re- gerve Banks show that retall trade is spotty, with conditions about the same as a week ago. Retail trade in the fifth district is about the same as a year ago. perhaps a bit slower. In the Atlanta district a group-of de- partment stores reported substantial gains in sales last week. Many special sales are being held and further price reductions made. There is more ob- timism among the steel men in the Birmingham district ral important orders having recently been booked. Wholesale trade in the Philadelphia district is picking up, being more active than at any time since the holidays. Boston reports a_gain in the shoe and fextiles trades. In St. Louis, bankers report that hoarded money is coming back to the banks. Chicago reports much better records are being made in wholesale merchandising lines, although retail trade is highly irregular. Severe cold weather around Minne- apolis has helped retail trade a geod deal in the past week and an increase in bank_clea: has cheered up the Dallas. Tex.. arca somewhat. In the Cleveland and Kansas City Reserve districts no_en: ng changes have been reported in the past few days. Capital Increase Shown. A. S. Goulden & Co. has just re- ceived the quarterly report of Massa- chusetts Investm - ities owned Decer 5 mparison with previous quarter, the trust shows growth in paid-in capi- tal durinz the last three months of 1931 of $3.159.843, The fact is disclosed that during the December 31, s of N chusetts In- purchased over 67,000 of Tl different com- 8 1931. In P QT total of 128 Cenfidence Better in D. C. | Local bankers report that confidence has improved in finencial and busi ness circles during the past few d: in fact, things have been looking better ever since the first of the year. It hard to put a finger on any single point, they say there gloom than in December. It is felt which are now | , are certain to If sufficient can be built up to put an end to hoarding, cne of the most im- steps toward recovery will have n, in the opinion of local Heard in Financial District.” sury Depar t today an- n offering of $75.000,000 three- month Treasury bills, to be sold to the lighest bidder on a discount basis, the s to be dated Februar. May 18. A total of $75/ ¢ bills mature on February 15. ard, widely known who retired from st Summer on ac- count of 1llness, s completely recov- ered his health. For many years he was ively connected with the Washington ings Bank, being one of ghe found- ers and for a long time president of (hc} institution, | Charles D. Barney & Co., members of | the New York Stock Exchange, are dis- tributing a booklet, illustrated with charts, titled “Selected Common | Stocks.” The 31 stocks chosen are di- | vided into three grouj hose whose € gs indicate continuance of pres-! sent dividends, those whose dividends may be modified and those of deflated b industries with long-term recov- prospects. Trading on D. C. Exchange. Washington Gas Light 6s, series B, week's trading on the| Stock Exchange today, $500 selling at 1023, Washington Railw Electric pre- ferred figured in a 3 re turnover in three different sales at 91'» Potomac Electric Power 5!, per cent preferred also appeared on the board, a small lot selling at 103%. Mergenthaler Linotype was the last B out for the day, selling at 53, up a point from last week's close. At pres- ent prices this stock yields better than 11 per cent. | LURAY FIRST NATIONAL BANK TO BE REOPENED E. N. Hershberger, Page Coupty Treasurer, Is Likely to Head Institution. Snecial Dispateh to The Star. LURAY. Va. February 8.—The First National Bank, Luray, which closed its doors Octcber 6 “due to depression in the value of commercial papers,” will Teoper within e next few days, it has been announce J, The reorgarized bank will probably v <hberger, treasurer of as i president; W. E. steat cashier of the closed bank, as cashicr, and Robert W. Huff- man, assistant cashier, 3 The capital stock of the reorganized will be double that of the old in- tution. Depositors and stockholders of the old bink have made financial * sacrifices in order to effect a reorgani- zation. Resources of the old bank, according to a statement made a few days before it closed, amounted to more than $700,- 000. The president of the First Na- tional Bank was J. S. Price, who sought the Democratic nomination for State Senator from this_district. He was tl:{aceln by Aubrey G. Weaver of Front oyal. SILVER QUOTATIONS. NEW YORK, February! 8 (#).—Bar -flve'.xl quiet ‘and- unchanged at 29% gent nounced ture Tre John D. Lt ‘Washingtqn banl the finandgal field — e 20 Fid Ph Fire In(2.60). 3% Adams Express...... b % 38% Addressograph (1). 12 2214 Adams Millis (2). 24 2 Adv Rumley. . 124 Affiliated prod 1.60. 47% Alr Reduction(t43)., 7 Alaska Juneau (50c). 1% Alleghany Corp. ... 2 Alleg Cp pf $30 w' 64 Allied Chemical (6) .. 10% Allis-Chalmers(50c). 12% Am Bank Note (2). 584 Am Can Co (15).. 414 Am Car & Foundry. 20% Am Car & Fdy pf (7) 30% Am Chicle (13). 7% Am European Se 6% Am & r Power. 10 Am & For Pwr 2d pf. 4 Am Haw St'ship (1). 27 Am Home Prod 4.20.. 10% AmIce (2)...... St 5 Am International 8414 5 Am Locomotive. S 1% Am Mach & Metals. 4% Am Metal Co. 14 Am Metals pf. .. 11% Am Pwr & Lt (31)... 441 Am Pwr & Lt pf (6). AmP&Ltpf A (5) Am Radiator (40c Am Radiator pf (7) Am Rolling Mill: Am Safety Razor (5) ‘Am Ship & Com Am Shipbuilding (5). Am Smit & Rfg(50¢) 3 3 . Am Solv & Chemical. 48 42 69% 23'y 961 | 3% 103% 10% umatra Tob. . Am Tel & Teleg (9) Am Tobacco (16) . Am Tobacco B (16).. Am Tobacco pf (6).. t W st pf(6). % Am Woolen Co pf Am Zine & Lead. . Anaconda Copper. rcher-Daniels (1) Archer-Dan pf (7). Armour of Del p£(7). Armour of 111 (A) ‘Armour of 111 (B) ociated Apparel ated Oil. Atch To & San ) Atch To&S Fe pf(5). Atl Coast Line (4)... antic Refining (1) as Powder (2). ... Auburn Auto (f4) Aviation Corp (Del) . T% Daldwin Locomotive Baldwin Loco pt. Baltimore & Ohio Balto & Ohlo pf (4) Bang 33). Barnsdall Corp. Bavuk Beatrice Cream (4) 1% Belding-Hemingway. 125 Bendix Aviation (1). ISPy 714 Bethlehe Bethlehem § Bohn Alu Bc o & Rk 123'5 7 18 24% Budd Wheel Bullard Co. .. Burroughs Add(80c). Bush Terminal(2’2) Bush T RO O} O O T T T = YT Case (JI) pf (T).... ar Trac (1). asco (1).. Certain-Teed pf Checker Cab Ches & Ohio Chesapeake C Chi Great Western.. Chi Great West pf. Chi Mil StP & Pac Chi Mil StP & Pac pf. Northwestern. Chi Pneu Tool s Chi Rock 1 ChiR1&T Collins & Afkman Colonial Beacon Colo Fuel & Iron. Columbia G&EI(b1% Columbia Carbon (3) Comm Credit (1.60) . Comel Cred pf (1%). Comel Cred 1st(612). 40s Comel Cred pf B ( 30s Comel Inv Trust (2). 7 Comel Inv T warsta. 1 Comel Inv Trpf 6%, 108 Comm Invev pf(e6). 1 % Comcl Solvents (1).. 20 Comwlith & Sou(30c). T4 160s Consol Film. . . Consol Film pt (2).. Consol Gas N Y (4 Consol Gas NY pf(5) 4 Consol Laundries(1) Consol Textile. ... Container Corp (A).. Container Corp (B).. Contl Baking (A).... 13 Contl Baking (B).... 40 Contl Baking pf (8).. 3014 Contl Can (24) ... 315 Cont Diamond Fibre. 18% Cont Insur (2.40). 1 Contl Motors. .. 415 Contl Oil (Del). % Contl Shares. . 36% Corn Products (3)... 20 Cream of Wht(123%) 22% Crown Cork pf (2.70) 36% Crucible Steel pf (7). 2308 Cuban-Am Sugar Cudahy Packing (4). Curtis Publishing (2) Curtis Publish pf(7). Curtiss Wright. right (A 0 [ORS P TPa 157% 64 Delaware & Hud (9). 17% Delaware Lack & W. - 19% 5% 26 5813 16% 39% b4%% 131% 11% 50% 2% 27 8% 110% Detyoit 10% Diamond Match (1) . 19% Diamond Mtch pf 114 6% Dome Mines (1)..... <11 Dominion Storest13 7% Douglas Afreraft (1) 10% Dresser Mfg B (2)... 42% Drug Corp (4).. . 50% Dupont de Nem (4) 94 Dupont de N pf (6).. 77 Bastman Kodak (18) 15 Eitington-Schild. ... 714 Eitington-Schild pf 20 Elec Auto Lite (4)... 94 lec Auto Lite pf(7). 21 Elec&Musical Instru 9 Elec Pwr & Lt (1) 41 Elec Pwr & Lt pf(7). 23 Elec Storage Bat (4) 18% Equit Office Bldg 2% 5 ErleRR 6% Erie RR1stpf.... 5 ErieRR2dP...... 10 _Exchange Buf (25¢). SISO~ 127 Firestone T&R (1). 46% Firestone T&R pf(6) 41 First Natl Strs (2%) 1%, Fisk Rubber.$..... 1 Fisk Rubber 18t pf. & ® EFER 213 Fox Film (A). Am Inve: Am Inv pf (6). 28 (en Am Tank Car(4). 9% Gen Asphalt (2).... Gen Baking (2).. Gen Baking pf (8) Gen Bronze. Gen Cable. . 3 Gen Cable (A) Gen Motors pf (5). n Outdoor Adv.... Printing Ink(2)« znal (5) T9% 3 G tealty & Util Gen Theater Equip. Gillette Saf Gimbel Br Gobel (Adolf) Gold Dust (214 Goodrich (B F Goodyear T & R (1) -y Giotham Silk Hostery. 50 Gotham S Hpf (7)... 17% Graham 115 Grand Silver 7 d Unfon. ... 21 d Union pf (3) 241 G 158 10 " 3 » S PO BB 0o e @ 1% D b d e ® Great North Ore( sat Wn Sug pf( S « Hahn Dept S Hahn Dpt St pf(612), Hall(WF) Ptg(a Hanna pf (7). 3 H Walker (1) n Corp (B) 53 2 N T T B4 Hollander Sons. . . . 2614 Hudson Hudson Motor (1). Hupp Motors. 9tx 1llinois Central, 1's Indian R piration Copper. Shares(Del) 50c. Interboro Rap Trans Interlake Iron Int Azricultur Int Agriculture pf, Int Bus Machine(n6) Iut Cement (3). Int Combust Harvester (215). Harvester pt (7). Int Hydro E1 A (e2) atch pf (4).... ickel of Can 20e per & Pwr (A) aper & Pwr (C). aper & Pwr pf nt SAE(8) 0 Int Tel & Teleg(§0c). Int Dept Stores (2). 1% Investors b 24 Jewel Tea (4)....... 15% Joh anville (1).. 68 Jones & Laugh pf(7) e S RBNCR A NG N~ PN X @em eSS anE R e Kennecott Copp: Kinney (G R) Co pf. S x 0 Leh Port (+4).. Ine pf (61 n Sq Garden. Copper(50c) . 9 & ' rroaeReZoan mem ores 1.80 iold Lic pf 1.89. Miami Copper Mid Cont Midland Midland cap Honey ne Pow. .. g ki StP & S S M = StP & SSM 1sd (4)- e ri Pacific. . ri Pacific pf. . Mohawlk Carp. ontzomery Ward. 4« Mother L s Motor Wheel (50¢). Supply Co Nat Supply pf ev Con Cop (4 Newport Industries ewton Steel. “entral. “hi & St Lipf... N H & Hartford. N H & Hpt (7). Y Ont & Western Y Steam pf (6).. N Y Steam 1st pf(7). Noranda Mines (2).. Norf & Westn (112). North Am Aviation. . Nor Amer(b10 % stk) Northern Pacifie (3). 1% Norwalk Tire & Rub. Norwalk Tire & R pf. 5% Ohio Oil.... 5 Oliver Farm 2% Oliv Farm Eq pr pf 16% Otis Elevator (2%) 3% Otis Steel.... 20 Owens I11 Glass (2). 293 Pacific GaS & El (2). 93% Pacific Tel&Teleg(7) 8% Packard Motor Car. . 5'3 Par-Pub (b10%stk). % Park Utah. . 14 Pathe Exchange.... 14 Pathe Exchange (A). 44 Patino Mines....... 2 Peerless Motor Car 22 Penick & Ford (1). 26% Penney (J C) (2.40). 16% Penna Railroad (2).. 107 Peoples Gas Chi (8).. 4 Pere Marquette. . 27 Petrol Corp of Am. 5% Phelps Dodge Co. 2% Phila& Read C&1I.. 8 - Philip Morris&Co(1). 4 Phillips Petroleum. . 41 Phoenix Hos pf (7) 5% Plerce-Arrow % Pierce Oil. 14 Pierce Petroleum illsbury Flour (2) (Continued on Page 14.) 2014 1% 124 10% (R NN —rs Early Gains Whittled Away When Selling E,fiessyre Revives. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, February 8—The de- cline in the stock market was renewed today, but on small volume and with a few industrials meeting good support. i At the start the list was slightly higher, an _improvement generally ascribed to the publication after the close on Saturday of figures showln%an increase in the short interest. his firmness aid wiot last, as individual stocks came under pressure and the list slowly gave way. J. I Case was the object of consid- erable selling, dropping to a new low under $28 a share. The decline was accompanjed by reports of new financ- ing. Columbian Carbon made a new low early in the day. Other stocks to reveal weakness were International Busincss Machines and International Harvester, both at new lows. h Rails Unsettled. The market for the railway shares was unsettled by the selling in Atchison and in Union Pacific. Directors of the latter are scheduled to meet for divi- dend action on Thursday, and it is be- lieved the rate will be reduced from the | present $10 basis, following the example | | of the Atchison board. There was no explanation, however, of the weakness in Atchison! Other railway stocks reacted sympa- thetically. Chesapeake & Ohio was one of those making a new low. As it stands, about everyihing has been done that can be done for the railroads ex- cept to regulate truck competition. Rates have been advanced and wages reduced and through the Reconstruc- tion Finance Corporation bond matur- ities and bond interest are to be cared for. What is needed now is more traffic and an upturn in net income Until one or both of these appear there is no incentive on the part of traders to buy the rails. Brokers reported a good deal of sell- ing, presumably for short account, from Palm Beach. Other houses were said to have liquidating orders from London. The volume was so small, however, that no part of the decline could have been blamed on the general public 3 During the morning the best sup- port was evident in United States Steel, General Motors and. to a lesser extent, in American Telephone & Telegraph. Standard Oil of New Jersey also held well. The tobacco stocks were weak. Merchandising stocks yielded, especially Sears-Roebuck and Woolworth. Out- i side of American Telephone the util- ities were neglected. Opening Prices Higher. The opening was irregularly higher. This slight reversal of trend may have been due to the publication after Sat- urday's close of the short interest fig- ures, which within the last month have increased almost 27 per cent. United States Steel at 39!, was up despite the unfavorable weekly steel review. Rumors of bond financing for J. I Case had little immediate effect, as the stock opened at 30%, up !, Goodyear Tire & Rubber was off at 13%, following publication of its 1931 earnings. American Telephone at 1111, and General Electric at 19 were unchanged. International eHarvester opened down 1 point at 22. Westing- house Electric at 24!, and American Can at 58, each gained 3. Consolidated Gas lost 35 at 561 and Columbia was down i at 12'i, but | fractional gains were recorded by Au- burn Auto at 106'., du Pont at 48!, General Motors at 21': and Electric Autolite at 26%. The rails were mixed. New York Centsal advanced 3 to 27 and New Haven was up !4 at 23%. but Chesapeake Corporation was off 'y at to 16% of N. J. gained 3g at 2675 Standard Oil NEW YORK BANK STOCKS NEW YORK, February 8 (#.—Over- the-counter market: Bid Asked | s NEW YORK, February 8 (P).—Stocks | ex-dividend today: A Pe- Company. Rate.riod £ Bankers & Shippers Ins $1°Q Feb. 10| Ind RR..§10 A Feb. 15 South P €125 § Feb 19 2% Q Wasner Mar. 1 Elec Jewel Tea Profits. CHICAGO, February 8 (#).—The | Jewel Tea Co. distributor of staple | groceries, reports 1931 net profits of $1.363,780, equal to $4.87 a share. as compared with $6.09 the previous year. Total sales were $13.742.691 for 1931, a decrease of 11.46 per cent. Washington Produce Butter—One-pound prints, 26; tub, 25. ‘Eggs—Hennery, 17al9; current Tre- ceipts, 16a17. Poultry, alive—Turkeys, old toms, 153 | 18; young toms and hens, 20a22; chickens, 3 pounds and over, 16al8; 2 to 2, pounds, 20: broilers, 11z to! 2 pounds. 18a20; hens, large. 16al7: | small_15a17; Leghorn hens, 14; roos! ers, 10; keats, young, 45a50; old, 25a35. Poultry, dressed—Turkeys, old_toms, 18a21; young toms and hens, 23a25; chickens, 3 pounds and over, 19a21; | 2 to 21, pounds, 21; broilers, 12 to 2 pounds, 25a27; hens, large, 22a2: small, 15a17; Leghorn hens, 17; roost ers, 13; keats, young, 55260; old, 50. Meats—Beef, prime, 12; medium, 11; lamb, top, 14; medium, 13; veal, top, 15; medium, 14; pork loins, 11; fresh hams, 13; smoked hams, 16al7; strip _bacon, 16al7; lard. 80-pound tins, 61%; package, 7; compounds, 6%. Fruits—Strawberries, pints, _10al | quarts, 30a35; apples, bushel baskets, £021.25; fancy.box stock, 2.50; oranges, Florida, 2.75a3.50; California, 3.00a 3.50; grapefruit, 2.00a2.25; pears, 3.50a 4.00; pineapples, 3.00; grapes, Emper- ors, kegs, 4.50; Almeiras, 5.00; lemons, 4.00a4.50; tangerines, 1.50a2.00; ba- nanas, 2.00a2.50; alligator pears, flats, 2.50a3.00; rhubarb, hothouse, 5 pounds, 1.25; honeydews, Chile, 2.50a3.00; plums, Chile, 2.5023.00. Vegetables— Potatoes, Maine, pound sacks, 1.40; New York, LI sweets, 50a1.00; Bermudas, new, bushel, 1.50; tomatoes, repacks, 2.50a3.00; squash, white and yellow, baskets, 1.50; crates, 2.00; let- tuce, Iceberg, 4.00; cucumbers, hot- house, dozen, 1.50; eggplant, 3.50; kale, 45a50; spinach, homegrown, 50; Texas, 90; peas, baskets, 2.25a2.50; peppers, 2.00a2.50; carrots, 3.50a4. et ; broccoli, 2.50a3.00 3.50; mushrooms, 65a90; Spring onions, dozen, 24; salsify, dozen, 50a60; pars: 1.25a1.50; string beans, 2.00a2.50; okes, 4.50a5.00 nips, artich bage, new, X cabl et old, sacks, 1.00; lima beans, and is wondering whetber it will get two. Lincoln’s birthday will be ob- served with a cessation of business in the financial markets, end a petition is being circulated to close the New York Stock Exchange on Saturday also. The board of governors will decide the question at its Wednesday meeting. COMPOSITE STEEL * PRICE INDEX SAGS Lack of Heavier Demand From Auto Industry Af- fects Production. CLEVELAND, Pebruary producers have practica the momentum of the post and have reached a stalemate ing heavier deman motive industry and the seas demands of railroads, the Steel said. “Railroad b magazine ng appears a certainty, though in a lesser degree than a vear ago, as soon as adjustments folla the wage reducti ¢ 1 magazine said. - sence of Ford is a drag not only to th steel markets, but also to other low- price automobile manufactures “In the two weeks ended Febr the average rate of ste 281, per cent. Last and Youngstown mills substantial rise at C| proved an offset. Thi and Chicago mills may taper off a further rise at Buffalo is expected to go and Buffalo week Cleveland | maintain the average. “Sentiment continues moderatel strong. January outp: f steel ingots, on a daily basi 3 tons. com- pared with 50,092 tons in Decembe Due to a reduction of $1 a ton in sheet bars at Cleveland and Youngs- town; $2 a ton in cast iron pipe at Chicago, and 50 cents in malleable irc at Youngstown and Pittsburgh, Ste iron and steel composite to $29.84. The magazine found the nese trouble had lttle effect steel industry except for suspe a few shipments to Shanghal the uncertainty of delivery “No war orders have been placed.” Steel said. “though Japan's importa- tion of 16348 tons of ieac. 82 cent of this country’s exports in 11 month last vear, now is regarded as signifi- cant.” INSURANCE RATINGS SHOW U. S. IS FIRST Commerce Department Reports Ef- forts Are Being Made to In- crease Foreign Business. By the Assoctated Press The Commerce Department stated to- day the amount of insurance in force per capita throughout the world varied from $2 in India to $843 in the United States at the end of the calendar year 1929. Ranking next to the United States that year. in order, were Canada, with $640 of life insurance per capita: New Zealand, $358; Australia, $273 United Kingdom, $266; Sweden, Italy, 815 Norway, $137, and Netherlands, $123. The remainder of the principal coun- tries of the world reported upon had less than $100. Brazil. Mexico and Ar- | gentine preceding India at the bottom of the list. It was added, however, that in the countries showing the least amount of insurance forces were at work whicli promised to produce notable resulis within the next few years. JANUARY FINANCING | REACHED $60,200,000 . . z . sas: 00§ Equitable Co-Operative Bldg. Ass’n Total Is Smallest Amount in Re- cent Years, Statistics Com- pany Reports. Special Dispatch to The Star. NEW YORK, Februar: bond financing in January totaled $60. 200,000, according to_the Standard St tistics Co. of New York, the smalle: cent years, except October, 1931. Bonds to a total ef $56,100,000 made up pra tically all of the month’s financing Detailed figures covering January, 1931 and 1932, are given below (Millions of dollars.) Tctal financing ............... eig money : Tatal common stocks....... Foreign Non-produg eign Non-productive Operating_and Refinancing New money. Total bonds. .. producing N Public offerin Common Preferred " Stock rizhts U. S. TREASURY BALANCE. The United States Treasury balance, announced today as of close of business Februery 5, was $618,983900.28. Cus- toms receipts for the month to date were $4,646,994.16. Total ordinary ex- penditures were $13.515,338.67. CLEARING HOUSE FIGURES. Washington Clearing House figures for today. $3,115,354.09. REAL ESTATE LOANS Made at Low\Interest Rates TYLER & RUTHERFCRD on high-class particu- iness roperties. o destred. ational 0475 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. and Indiana Ave. N.W. 67th Serles of Stock Now Open for Subscription 5% INTEREST PAID ON STOCK James E Connmelly, James F. Presicént but | is off 8 cents| 8.—Stock and | Seventy-five Per Cent of Ma- | chines Are Registered in This Country. BY CHAS. P. SHAEFFER, Associated Bress Business Writer, Seventy-five per cent of the automo- biles in the world are in the United States. A report just made public by the Department ‘of Commerce shows that | the world's registrations on January 1, | 1931, totaled 35,805,622 units, of which 26,697,398 were n the United States. | The United Kingdom had registrations of 1,529,272, which entitled her to sec- | ond place, followed closely by France | with 1459.650, and by Canada with [224.098. The Guianas in South Amer- | had the least registrations, French | Guiana having 100 and Dutch Guiana but twice that number. Broken down into classifications, the statistics showed 79 per cent of the passenger cars were registered in this 1| country, 63 per cent of all motor trucks land 22 per cent of all busses. | Total passenger car registeration numbered 29,933,137, of which 23.- 21,059 were in the United States. The United Kingdom, France and Canada anked next with 1132381, 1,080,000 1,055,861, respectively. Motor truck registrations amounted to 5,531,458, of which 3.480,939 were in this country. France was second with | 2 England third with 343429, had 166,606. es registerations of motor compares less favorably than | otor classifications. Of total of registered throughout the world. itry has but 95400, a number L twice the number of Eng- next leading country. Her to 53,.62. followed by e with 34400 and by British | with 25924, It was explained | that about 94 per cent of all England's {busses are owned by railroads, which ploy them as auxiliaries to the rail registrations increased 11.- units during the last five years | n the basis of the department’s com- pilation. The present figure is equal to 1.797 vehicles per 100,000 inhabi- tants for the entire world, while the average in this country alone is 1 vehicle for each 4.5 persoms. LUMBER ORDERS GROW. | By the Associatea Press With production remaining at cur-, nt low levels, lnmber orders for the week ended January 30, reached the t relationship to” cut ever attained in recent years of the industry. Telegraphic reports to the National Lumber Manufacturers' Association in- dicate new busincss received at the mills cxceeded the cut of 96,205,000 feet by | 66 per cent. Shipments from the mills | d production by 50 per cent. | fo | tions ! 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