Evening Star Newspaper, February 15, 1932, Page 15

FINANCIAL. CURB ISSUES DROP IN HEAVY SELLING “Market Recovers Part of Losses After Early Flood of Offermgs. BY JOHN A. CRONE. Bpecial Dispatch to The Star. NEW YORK, February 15—8tocks on the Curb Exchange, depressed under profit-taking and short-selling opera- tions in early trading today, retraced part of their losses around mid-day. The initial movement at the opening | was sufficient to pile up copgiderable volume, with the result that%dealings were but little less than their forenoon total Thursday. Electric Bond and Share was off less than a half point. Cities Service. which is ex-dividend to- day. was virtually unchanged. Stand- ard Oil of Indiana was down more than a half point Washington Produce Butter—One-pound prints, 26; tub, 25. Eggs—Hennery, 14al5; current re- ceipts, 1314 Poultry, alive—Turkeys, old toms, 15a 18; and hens, is and over, to 21, pnund~ 15a17 keats. voung, 4 Poultry, dresse y 18a21; young toms and hens, 23a25; chickens, 3 pounds and over, 19a21; 2 to 21, pounds, 21; broilers, 11, to 2 pounds, 23a25; hens, large, 22a23: small, 15a17; Leghorn hens, 17; roosters, 13; keats, young. 53a60; old, 50. Meats—Beef, prime, 12: medium, 11; lamb, top, 14; medium, 13; veal, top, 16; medium, 15; pork loins, fresh s, 13; smoked hams, 16al7: strip . 16a17: lard. 50-pound tins, 6'z; compounds, 6'3. Strawberries, pints, 10al5; bushel baskets, ; oranges, ; grapel 1.75a2.50: lemons, 4.002450° honeydews. 2.50; plums, Chile, 2.00; grapes, 3.00a3.50: kegs, 5.00; ba- nanas, 1.50a2.00; alligator pears, 2.50a 3.00; rhubarb. hot house, 5 pounds, 508 65: pineapples, 4.00a4.50. Vegetables — Potatoes. Maine, pound sacks, 1.25; New York, 1.15; Idaho bakers, 2.40; swcets. 60a85; string beans, 1.75a2.00; Jimas, 6.00; peas, 7.25a 8.00: lettuce, Irr‘b"rg 3.0023.50: peppers, 3.25a3.50;" cucumbers, 4.5025.00: celery, 2.5023.00; tomatoes, repacks, 2.25a2.50 kale, 50; spinach. homegrown, 50a75; hot house, 1.00; Texas. 85a90; squash, 1.50; eggplants, 3.00: beets, 2.50a3.00; carrots, 3.5024.00; cabbage, crates, 2.00a 250: broccoli, i 50a60: parsnips. 4.505.00; uatucru\ Banks Ordered Closed HORNELL, N. Y.. February 15 (/.— One bank suspended here over the week hers were merged. The b sed its doors Saturday, ctors announced vesterday. One of is part of the State, it ed at $300,000, with re- roximately $3.000.000 cd the Steuben Trust [ with resources of $2.- 500 100, and the Citizens' National with resources of about $3,000,000, T LAKE CITY. February 15 (. of the Desert Savings nk announced late last night ultancously with announcement of taking over of the Desert National Bank by the Security National Bank. 100- . artichokes, . okra, 3.00. U. S. Leads in Alummum Output. By the Associated Press The United States leads all other countries in the production of alumi- num A statement by the Bureau of Mines says six countries supply about 88 per cent of the total aluminum produced in | the world. These. in order of impor- | tance, were said to be the United States, Canada, France, Switzerland and Nor- way. The metal was sid to be the most abundant in the earth's crust. Washingtor{hstorc'ki E;change SALES. Washington Gas 3s “A"—$1,000 at 100, $1.000 at 100 Capital Traction 5s—$500 at 60. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Bid Asked 58 10013 61 & Grorgetown Gas Po g STOCKS PUBLIC UTILITY. & El pfd. (5 NATIONAL BANK ey (12 Loan & Tt SAVINGS BANK. BONDS ON NEW YORK STOCK EXCHANGE UNITED STATES. (Sales are ‘n $1.000. Bales. Lib 3% 8 32-47. 440 L1st 4%s 32-47 296 L 4th 4% =33-38616 2:55. 9422 98 10 9910 | 949 987 998 931 9320 21 9627 9720 20 10010 100 12 . High. ADitibl P&P 65753 35% Ab&St5Y 43, 834 | Alleghany Cp 68’44 25 37'. | Allegheny 63°49. Allegheny §8'50... 28 Allis-Chalm 6s'37. 2 9 E: Am F P 582030....101 42 | AmIGChb%s’49. 41 Am Intl53%8°49. Am Metal 5% 8°34.. 1 { Am S&R 1st 58°47. 2 9 9 9 | Am Sug R 37, T&Tecev4 106 AmTlTil 5 9Ty 97 Am T&T c tr 68 '46. 98 Am TAT 6ss°60. daagacac 106! o 1015 101% | Am W Wks 58 '34... 2 8914 | Am Wat Wks 6s°75 ‘ Am Wr Pap 6s'47.. 2 601 | 49 | Argentine May Argentine a Argentine Argentine Arm & Co 4 Arm Del 5%s'43. . Atchison adj 4s'95. Atchison gn 48 '95. Atchiscv 4%8 48 At CL 1st 48 '52.. At Refdb 63 '37... Australia 4% Australia 63 '56. Australia 53 °57 Bk of Chile 638 '67 Ban & Aroos 4s'51. 0t Belgium 78’68 B Ind LolnCll 48 + 1005 101 1005, 10 Beth Stl pm s '36. Beth Stlrf 5348 43. Sales— Ala Power pf (6).... 118 Alu Coof Am pf (6). Aluminum Co Ltd. Alum Ltd B war. Am Cigar Co. Am Cit Pw & Lt B 16 AmComPow A..... 1 Am Com Pow B..... 3 Am Cyanamid B. 26 » Am For Pow war.. Am Founders. . Am Gas & Elec (11). Am Invest Inc (B).. Am Invest War...... Am Lt & Trac 2%). Am Maracaibo. .... Am Superpower. Am Superp pf (6). Am Util & Gn B vte. Am Yvette Co.. Inc. Appalachian Gas. . Arkansas Nat Ga; Arkans NatGasA. . ¢ Indus Ltd 2 s& ElLtd.. s AsSOG&EIl (A) b5% . Asso G&E all ct 1.60. Asso G & Elct (8) Asso G & El war. Atlas Plywood. Atlas Ut Corp Atlas Utilitles war. :+ Blauners (2) Blue Ridge Co Blue Ridge cv Brazil Trac Lt&P(1) Brit Celanese rcts Bulova cv pf (312).. Bur Cor Ltd rts (2¢). Cable Radlo T vie. Cable & Wire Brets. Carib Syndicate. . anadian Marconi rnation Co (1%%).. 3258 10 Celane: CentPubSvDel.... 2 Cent Pub Sve A b5%. 11 Central States Elec. . rvice lxlocfi Serv pf (6) . S cv pf(5) 3308 Col Oll& Gas vic. .. 1 Commwlth Edison (8 25( Cmwlth & Sou war.. Con Gas Balto (3.60) Cord Corp..... o Corroon & Reynolds. Cosden O1l. .. Creole Petroleum. Crocker Wheeler. Cus! Mex Mining. Dayton Alr & En Deere & Co..... De Forest Radio Detroit Afreraft. ... Driver Harris new.. Dubilier Cond & Rad Duke Pow (5). Durant Motors Fast Sta Pow (B). ducational Pic pf.. Eisler Electric. Elec Bund&SmbG%P a1 Elec B & Sh pf (6). 4 Eleo Pow Assoc (1). & Elec Pow Assoc A (1) 4 Elec P & Ltop war.. 14 Empire Corp. 2 JEPPSY [+ S odemwnEie 1 50 Europ Elec deb rts. . Evans Wallow Lead. Fajardo Sugar. . Kiat rets (p941z¢) Ford Motor. Can.. A. Ford MLtd(p36 3-5¢) Foremost Fabrics Fox Lheater (A).... Gen Alloy: Ltd rts(p en Fireproof (1) Gen Theat Eq cv pf. Glen Alden Coal (4). Golden Center. TITLE INSURANCE. bia (6h) Estate (6h) MISCELLANEOUS. Barber & Ross. Inc., com Col. Medical Bidk. Corp. D C- Paper Mix ptd @ pid o-Selz = rage b Eed-Am. Co.'c Co. pid. Morotype 16). Goldman Sachs T Goth Knitback Meh. PtA & P Tean vi6l Gt Northern Pap 2.40 Gulf Oil of Penna. .. Hamiiton Gas v.te... Hecla Mining (40c). Hollinger Gold t70c. Hudson Bay M & S.. Humble Oil (2). Hydro El Securities. Hygrade Sylvania t3 Imp Ofl of Can (50c) Indiana Pipe Line(1) Ind Ter 11lu Oil B... Tnsull Inv s Insur Coof N A (2). [nsurance Security.. Intercontinent Pet n Int Hydrocv pf 8. Int Petroleum (1) Int Utilities B Interstate Equities in'state Equity cv pf. Me Corp. (T Wdwd. & Lothrop com. dwd. & Lothrop pfd. (7 SEx dividend bBooks closed. n5c extra. 130c extr $1% extra 1% extra, 8% extra. 25% 154 Lefcourt Realpf (3) 2Tia 9% Lehigh Coal & Nv(1) 1% % Leonard Oil........ & MagdalenaSynd.... 5% M'ConiIM(p871-10¢) 17% Mass Utcv p§42%). 3508 k] 10 35 Stocks sold In 100-share lots except those designated by letter ™ 1 Stock and "Add 00. Open 91, Aluminum Co of Am 34'\1\)\ 57" 60 101 19% THE EVENING STAR, WASHIN Received by Private Wire Direct to The Star Office. Sales. High! Bolivia 88°47 81 Bordeaux '3 Bos & Me b8 ‘65 Bos &Me bs ‘67 Bremen 78 '35 | Bd & Tth Av 5 Pk Edgn A 68°49.. Bklyn Elev 6% Bklyn Man Bkiyn Un Bklyn Un | Budapest Buenos A 68 Bush T Bldg 55'60.. Calif Packing b8 '4¢ | Canada ¢s°60..... Canada 4%8°'36. % Can Nat Ry cutu Can Nat 4%s '67 Can Nat 4%8 68 Can Nat 4% 55 Can Nat 68 Jul Can Nat 68 Oct | Can Nor 434835 Can Nor 6348 db ‘4§ Can Nor 78 db '40.. Can Pacdb 43 | Can Pac 4% Can Pac 68 '54. Car Clin &0 5333, Car Clin & O 65 '52. Cent 111 G&E 6851 . | Cent Pac 43 "49 Cen Ry NJ g 68°87. \chuCorp 6s'4T... !cB&Qgen4s'ss. C&O 4%3B95... CB&Q I11dv 45°49. “hi & Est 111 6551, Ch1 Grt West 48’59 Chi Ind&L gn 58 '66 C M&StP 43889, C M StP&P 58°T6.. 62 CM&StPad)bs. 114 Chi& NW gn4s'87 1 Chi&NW 4%s 4 C&NW 4135C2037. 1 .| Chi& NW cn 4%s. 206 Chi Rwys 6s'27... 6 Chi R1& Prf 48°34 125 ChiRI&P 4%s8'52 11 ChiR Icv4%s €0, 3% Chi Un St 5844, Chi UnSta6s B'63. 2 Chi Un Sta 6%s'63 C&W lnd cn 4s” Cnile Chile u'u. Chile 68 °63. . Chile Cop db & CCC&St L 4%s E' Clev Term 5%s '72. Cologne 6%s'50. Colomb 6s Jan "61. Colomb 68’61 Oct. Colo & Sou 43335 Col G&E 58 May's2 Col G&E cou 58 '61. High. Low 5 2 31, 60 10, &0 10 60 A/ 10% 18% Zow. 1001, 100% : Mavis Botthing (A). T 35 91l 2:55 L n G NY ‘4 “l 51 " l s 5% 101% 741, 52 7214 | Con Pow Japan T 17 |Copenhag 4%s'53. 171 | Cuba RR 1t 7%8'36 16 | Cuba Nor 6%s 43 37, | Ceecho 88 '52. Del & Hud rf Denmark 4%s 63 Denmark 5%8 ‘66, Denmark 6 D& R Gren @ S 60 55 0 oo Hnewe anSal Det Edison rt Dodge br cl Duquesne ¢%s 67, Dutch East1 El Salvador 85°43 st con 4896 Finland 6%s ‘56 Finland 78 ‘50. e Rub 8 Ger Cnn Bk 68’600 19 Geman 7s rep ‘49. 119 German Bank 78 ‘50 8 Ger Gen El 78 °46. . Goodrich cv 68 “46. Good 15t 6% Goodyr Rub QGrandTr f db 'l’l. Grand Trunk 7840, Grt Nor 4% 877 B. or gn 5% s '53 or gn 7 Greek 65°68, Hav El Ry 6%s'51. T Humble Oil 5a ‘37 Humble O 5%8 33, Hungary 7%s 4., 111 Bell Tell 68 56 111 Cent 48 °6: 111 Cent 4 111 Cent rf 4 111 Cent ¢% ‘66 (11 CCStL&N ¢%s 111 Steel 4348 °40. Inland St 4338 B'S1 Int Rap Tr b8 Int Rap Tr sta 66, Int Rap Tr 6s 32.. Int Rap Tr 78 32. Int Cement 68 48 Int & Gr Nor 6 100% 51 1001 NEW YORK CURB EXCHANGE Received by Private Wire Direct to The Star Office. Bales~ Add 00 Stock and Dividend Rate Open. High. Meriph N Gi Mid West Ut (b8%). Mohawk Hud 1st(7). Mohawk Mining (1). Mo-Kan Pipe Line. . Mountain Prod (80c) t Aviation. .. at Fuel Gas (1). t Investors. . tInvestors war. .. Nat Pow & Lt pf (6). t Sh T Sec A 160c. t Transit (1).. ewberry (JJ) 1.10.. ew Eng Pow pf (6) s (60c). 4 4% 253 « New Jersey Zine (2) 20 15 in 10975 8's # Tri-Cont Corp war. 25 53 1% Dividend dividend. 7 3 Utica G & E1pf(7... nual pevment. d e EEie Th cash” of 'siock: in " stock. L Plue 5% 3 ewmont Mining. Y & Hond It (t1%) hipbuilding Cp Y Steam Cp (2.60). New Y Transit (N).. 1ag-Hud Pow (40¢) 3 Niag-Hud Pow A w, Niag Share(Md) 20¢. es-Bemt-Pond (1) Nipissing. North European Oil. Northern Pipe Line n Ohto Copper. PacG & E 1st pf l‘h Pac Western 011 Paramount Motor Parker Rust Prf (3) .350 Pennroad Corp (40c) Penna Gas & Elec A. Philip Morris Inc. ... Phoenix Secur Corp. I I llonG\dedu Pitney Bowes (b4%) ts Plate Glass (1) Plymouth Oil (p3tc) Polymet Mfg Propper McCallum, Prudential Invest Pub Sve.N Il n p(8). Pub Util Hoid xw. .. Radio Product Rail i Reybarn Co. eaboard Util (28¢c). Sceman Bros (3).... Segal L & HAw S Selecied Industries, ct Ind pridr(5iz) Sentry Safety Cont Silica Gel ctfs. ..... Simmons Board pf. Smith (A. 0.).. outh Penn Oil (1). 0u Pipe Line (2) W Gas Utilities PO D i » T TOYTOL - QU OOYS - ¢ OOy d Oil Nebr (2). Stand Oil Ohio (234). nd Silver & Lead. Starrett Corp. . stetson (J B). .. sun Investing pf.. Sunray Oil van Finch Oil p Swift & Co (2). Swift Internat’l (14) Swiss Am ELpf (6).. Sylv Gold M Ltd(4c) Taggart Corp. ... Tastyeast, Inc. Technicolor Inc. .. Tech Hughes (60c) Tob Prod of Del wi Trans Lux DL PS. @ g @ g e T L LT TP QURes - Tubize Chatel. B. Tung Sol Lamp(1). Ungerieider Fin Cp Urion Tobacco. ... Tnit Chem pt pf (2). Unit Corp war...... Unit Dry Dock Unit Founders. Unit Gas Corp. ..... Unit Gas Corp war. Unit Gas pf (7). Unit Lt & Pw A (1).. Unit L & Pwr pt(6). US Elac Pow ww... U S Elec Pwr war. U S Finishing. . U S Foll (B) (50c). U S & Intl Secur..... Unit Verde Exten (1) Unit Wall Paper.... M nS Util Po & Lt (b10%) Utility Equities..... Ul & Ind Url.ny & Ind pt(1%) Van Camp kg Vick Financiai (30¢) Walker. H (25¢) Wenden Copper. Western Md pf.... WiwthFWLtd29 3 Wright Harg (12%¢) & 9 - TOF 10 0300 00 MR b bt b b i (Fateg in dollars based on last quarterly +Ex dividend. " rpar uy extra. | iPlus in stock. Sales. High. Low. stoc us tock. " m Blus. ok aThS 3% i oi “fl 18 1A3E yRr2o- resilar Fate: NGTON, D. C., 2:85. 91 914 Iat Hydro Kl 6s 1013 101% e 51 52 4 Int M Co bsrot'dl.. Int Matck 5! 1. 50 55 37 Int Ry C A 58'72... IntT&T4%s’62.. Int TAT cv 4 %539, Int T & T 68 '56.... ltaly 78 °51. Japanase 6%s 66.. 89 Kan C FtS&M 4; Kan City Sou 5266 Kan City Ter Kan G&E ¢% Karstadt 643 LacG St L is‘34 Laclede 6348 C" Laclede 6% s D '60. Lautaro Nit 6s ‘54. Liz & Myers bs " u . Loew's 6s ex w 'fl. Lorillard 6s ‘61 Lorillard 7s "¢4 McKes & R 6% Manh Ry 1st Market St 7 Marsellle 65 2 Midvale Stl 53 '36. . Milan 6%8'62..... 23 Mil E Ry & L 6861 M StP&SSM cn 4s.. MK &T Ist 48'90. MK&T pr In 63A'62 Mo Pac gn 43'76... 36 Mo Pac 63 A ‘65.... Mo P’ac 58 F 77 Mo Pac 53 G ‘78 Mo Pac is H 80. Mo Pacrf 6s ‘81. Mo Pac 5348 A '49. Mobile-Ohlo 63 '38. Mont Pow 68°43. Mont P db 53 A '62. Montevideo 78 *52.. Mor&Co 1st 4% 8'39 Nassau Elec 48 °'51. 3 ‘WS Wales 58 '67. Nw S Wales 63 '58. Y Centds'ss, ... ¥ Cent db 4s ‘34. Y Cent 43432013 YC y ¥ £1m 53 2013 Cre4lss 2013, Centdb 65 '35. NYC&StL4s'37., YC&SL 4%s 78, YC&SIL5I38A'T4. YC&StL 6332 N Y Edisn 53 B'44. NYFAist6%s'41, NY NH&H clt 6s YNH&H cd 6548 ¥ o&w 1st 48’92, Low. Close Ore Sh L. Oreg-\Wash ¢s 61, Ortent dev 5%8'58. Pac G&FE 5842 Pac T&T 1st 58°37. Pac T&T rf 53 '62.. Paramount 6s°47.. Paris-Or 54 Penn4isD'8 Penncv 4 Penn 474530, Penn 4% '63. Penn Gs'64. Penn gen § Penn 6145 '36. Pere M 1st 4s Pere Mar ¢%4s Pere M 1st 58 56 Pery 65 °60. Peru 6s°61. Phila Co 58 °67. Phila Elec 45°71... Phil & Read 63°49. Phillppine R 43°37. Phillip Pet 5% 8 ‘19 Pillsb F M 63°43... Poland 6s '40. . Poland 7s '47. . Poland 8s ‘6! .. Port Gn El 4% 5'60. Pos Tel & C 68'53. . Prussia 6352 E PubSvG4%s'70., Pure O1l 5%8°37... Reaa gn 4% s A 97, Rem Arms 63 A ‘37 Rem R 5% A *47.. Rhinelbe 78 '“ - Rnine W Rhine West 0- 53, Rhine West 63 '55. Rhine West 78 '50. Rio de Jan 634s '53. Rio de Jan 8 R Gr Do Sul R Gr Do Sul 8s* Rio Gr W 1st 4339 RIAr& L 4%s°34. Rome 63 Roy D 4345 ww StL IM R&G 45'33. St L&SF in 43 A ‘60 StL&SF 4%s'78. StL&SF p 163 B 60 StLS W 1st 4s'89. StS Wen4s'32... Sao Pau 78’40 ret.. Sao Paulo 8s'36. Sao Paulo 8s°50... Saxon P W 6%s'61. Saxon 7s "45. . Seab A Licv 6546, Serb Cr-S178°62.. Cr-S1 8 '62. 1Un Of] 68 "47. Slull UnOll 6n'49. Shinyetsu 6%s '62. Sinclair Ol 634 8'38 Sinc O 7scv A 37.. SincCr O 6%s'38. PRIOTTu N BrershecERRaE0% Bavowwmon Solvay Am 58°42.. Sou Bell T&T 5s 41 39 SW Bell T 53 A '54. u Sou Pac 4*! ‘$1... Sou P&Or 4%s°17. Sou Ry &n 48 '66... 2 SLONN ¥ 4348’61 4. .. Talwan EP5%#71 Tenn Cop 68 "44. ... Tenn EI P 68 A '47. Ter AsStL sl Texas Corp TeleSlC'". . Tex& P6sD'S Third Av rf Third Av ad) Toho El Pw & Toho Bi Pw 18 55 Toklio 58'52....... Tokio 5%s'61..... Tokio K1 Lt 68'53.. Un Pac 18t 48°47.. Un Pac 48 6! & | Un Pacrf s zgu,] Unit Drg cv 5 Utd King 6%s'37..103 Salu 8 Rublatiedl.. 3 2% ot semian- 4% in rugua; .o 3 iz Ul'lll'\‘lt;ll'“um B MONDAY, Sales. High. Low. 2:55 1447 FEBRUARY 15, 1932. Grain Market By the Associated Press. CHICAGO, February 15.—Responsive 4613 46%|to downturns in securities, grain values 63 28 38 4614 55 52 88 underwent early setbacks today. Wheat sagged despite strength shown by the Liverpool market and notwithstanding indications of stringent need of prompt shipments to transatlantic countries. Opening at % decline to % advance, wheat afterward weakened all around. Corn started unchanged to 33 off and subsequently showed a general drop. Wheat price rallies {ollowed elrlg downturns, and were apparent likelihood of a g ai the United States wheat visible supply fotal, contrasting with 2,078,000 bush- els increase a year ago. A leading au- thority predicted that within four or five weeks the domestic stock of wheat in sight would be smaller than at the corresponding time last year. Helping also to bring about price rallies were dispatches saying the wheat supply at Liverpool had been reduced to 3,304,000 bushels, and that cold weather through- out !:urope had stimulated consumer demand. Renewed selling, however, that ap- | Util Pow %8 'fl. . Vanadium !t n'dl. Vi 11 Wi 73] Wabash 6%s ‘76 Walworth 6s A "45. Warn Br Plc 9. Warn Quin 68°39.. Wat Sh 18t 482341 West E1db 58 °¢4.. West Md 43 '52 West Pac b West Union bs 51, West Unton 68 '60. o steel pipe is shightly FIN Rnnd to !nclude nquldnlnn or & lll'l! olding for a Chicago operator sent the market downward afresh to under the early low point. Some of the selling was ascribed to current statements from trade sources calling attention to “the sore spot In the trade,” “the enormous block” of Government financed: wheat hanging over the market. These state- ments also referred to the graln ex- changes being again compelled to de- fend themselves against threatened leg- islative attacks, attacks that were “a reminder of the Chinese custom of be- heading the luckless mdividual who VANCIA | when & murder was discovered.:” and oats averaged lower with lha'. Plrscvulom reflected downturns of ce- reals. FORD PLANS IMPROVE | OUTLOOK FOR STEEL By the Associated Press. Ford's decision to make an eight as well as a four-cylinder car is helping stem bearish sentiment in the steel in- decline in production, | Steel said. “In December, Ford took guotations on a substantial tonnage of finished steel, but weekness which has developed | ‘nnce—utribed in part to the lack of Ford business—necessitates new ten- ders,” the magazine continued. “This inquiry by Ford, expected shortly, may impose a severe strain on the current effort to stabilize steel prices. “It will be March, at the earliest, be- fore steel again moves to Ford in vol- ume. but with the Ford competition known, other low-price car manufac- | turers can more accurately gauge their markets and steel requirements “The Ford announcement, while not | accompénied by actual order, has meas- ,ureably cleared the atmosphere at De- troit and encouraged all material sup- pliers.” Raiiroad demands are being shaped up, but extremely slowly. Activity in more pronounced | Structural shape awards in the week— the magazine | 8.100 tons—were a little more than half ' | the tonnage in the preceding week. happened to be nearest the COFPI!| CLEVELAND, Pebruary 15.—Henry | dustry, but came too late to arrest a L. New York Cotton Special Dispatch to The Star. NEW YORK, February 15.—Openin, cotton prices today were 25 tu soweem: = bale above Saturday's close. Trading was fairly active, with a small lorc.xn demand supplementing the buying by trade and speculative shorts. Opening prices were: March, 6.81, up 10; May, 7.00, up 9; July, 7.13, up 6; October, 7.38, up 8; December, 7.54, up 8, and J:nulry. 7.60, up 5. FISK RUBBER OFFICIAL URGES REORGANIZATION e Associated Press | PNEW YORK, February 15.—Orrin G. Wood, chairman of the Fisk Rubber Co. Reorganization Committee, has appealed !o the company's stockholders to sup- | port the committee’s recommendations. In answer to criticisms aimed at the reorganization proposal by John N. Willys, Ambassador to Poland, and other stock and bond holders of ire com- | pany, Mr. Wood said that “if the busi- ness of the Fisk Rubber Co. is to be saved, a reorganization plan should be | started promptly.” | “Several months are necessary at the minimum to carry through any plan. If a plan were not started until next October it could hardly be completed ‘unul the last half of 1933. By that time | the uncertainties of receivership opera- iuan might cause irreparable damage. ’ ‘Wheat Price Prospect. By the Associated Press The 1 to 2 cent advance in hard Win- ter wheat prices may reflect, in a mea:.- ure, the credit expanding efforts by Congress, but in such & trpically ex- port_product dome: : must depend on w Although belief exists ters that readjustment is under was tween American and fcreign markets, with the former falling and the latter rising, it is said the domestic price still is 10 cents a bushel out of line and that most of the export trade in North | American grain is going to Canada. | Improvement in European quotations, however, is taken as tacit admission that values there have been too low SUN LIFE ASSURANCE COMPANY OF CANADA PROGRESS Assurance in Force 1871 $404,000 1881 $5,010,000 1891 $19,436,000 1901 $62,400,000 1911 $164,572,000 1921 $536,718,000 1931 $3,051,077,000 Head Office Building, Montreal Assets 17 $63,000 1881 $536,000 1891 2,885,000 1901 $11,773,000 1911 $43,900,000 1921 $129.372,000 1933 $624,804,000 R Y O STATEMENT FOR 1931 ASSURANCES IN FORCE (net) - NEW ASSURANCES PAID FOR (net) TOTAL INCOME (net) - - . TOTAL DISBURSEMENTS - - - PAYMENTS TO POLICYHOLDERS AND BENEFICIARIES IN 1931 - - $3,051,077,000 527,939,000 197,140,000 136,509,000 93,235,000 PAYMENTS TO POLICY] HOLDERS AND BENEFICIARIES SINCE ORGANIZATION - - SURPLUS AND CONTINGENCY RESERVE - TOTAL LIABILITIES (including paid up Capital Stock) ASSETS, AT DECEMBER 31st, 1931 - 594,185,000 - 21,126,000 - 603,678,000 624,804,000 THE YEAR'’S BUSINESS REVIEWED . 1 think you will agree with me that for a vear such as that through which we have just passed the showing is a remarkably fine one. ‘New assurances of over $527,000,000, and a total force exceeding $3.000.000,000 are figures so great as to need no emphasis. “The distribution of our new business is inter- esting. Canada contributed $101,000,000, United States $291,000,000, Great Brita $50,000,000, and the rest of the world $85,000.000. “Our mortality experience has been favourable than that of last year, the claim being but 54.3 per cent. of the expected, a per _cent. in 1930. ince business was commenced in 1871 we have paid out in benefits $594,000,000. Last year alone our payments were $93,000,000, an amount exceeding the total assurance written in 1922. We may well rejoice over the magnitude and importance of the social service which the Com- pany performing. “During the past year life assurance has been tested as perhaps never before, and it has with- stood the trial triumphantly. So far as I am aware not one life company on the continent has had to close its doors, a wonderful record. In Canada claim with pride that ever since Confedera- tion not one Dominion licensed company has ever failed. “It will be noticed that in addition to the surplus of $16,000,000 over all liabilities and capital stock, we have a contingency reserve of $4,700,000 to pro- vide for possible shrinkage in mortgages and other real estate investments. Our reserves have been calculated on the same strong basis as last year. Although our investments payable in American currency greatly exceed our lisbilities in that currency, we have treated both as on a par, taking no credit for the premium on American funds. Our liabilities under contracts in other currencies also are included at a total greater than required at the prevailing rates of exchange. ‘Our holdings of stocks have been valued on the basis | down by the Dominion Department of Insurance, which is practically the same as that adopted for all companies by the National Con- vention of Insurance Commissioners of the United States. “In new investments we have favoured high grade bonds, the yield on which is now very attractive. “The profits paid or allotted to policyholders amounted to over $26,000,000, or over 20 per cent of the total annual premium income. “In the light of these figures, the report is indeed an excellent one. “And what of the future? No one believes that the depression will last for ever. It is impossible to say just when the turn will come, but with the vast natural resources of this continent, and the brains, engery, and actual wealth of its people, business recovery is inevitable. When prosperity does return no company will share in its benefits in greater measure than our own. —From ihe President's Address at the Annual Meeting. SIXTY-ONE YEARS OF SERVICE SUN LIFE ASSURANCE COMPANY OF CANADA A. D. CARPENTER, MANAGER 6TH FLOOR TRANSPORTATION BUILDING WASHINGTON