Evening Star Newspaper, February 23, 1932, Page 14

TELEPHONE HEADS -RETAIN POSITIONS Wilson Re-Elected President and Remon General Manager. BY EDWARD C. STONE. Lioyd B. Wilson was re-elected presi- nt and John A. Remon, general man- “Sger of the Chesapeake & Potomac *%elephone Co., by the board of directors at its regular Lanonthly meeting held here today. Other officers ele: wd were Marshal D. Sedam, Philip O. Coffin and John C. Koons, vice pres dents, Walter Clarkson, president_and sec- yetary, Thomas B. Clarkson, treasurer, Harry C. Gretz general auditor, and Ralph A, Van Ors- del, general coun- 1 ¢ Capital expendi- s res for new plant ! 2nd equipment, which will provide ad- ditional facilities for telephone growth in Washington involving expenditures of “4884,475 were also authorized. This brings the total amount authorized for expenditures this year to $2,745,493, a« cording to a statement made by Mr. Remon. y Included in this appropriation is the installation of additional central office equipment in various Washington offi- ces, private branch exchange equipment and house cable in the Department of Agriculture and for private establish- ments. C. & 0. Reports January Earnings. he January report of the Chesa- .pezk: & Ohio Railway Co, just filed with the Interstate Commerce Commis- sion, shows that gross revenues for the ‘month_were $7098323, a decrease of . $2,379,781 under January of last vear; _operating expenses were $5,252845, a decrease of $1,617,511, as compared with anuary of last year. 5 Net Sraflway operating income was $1,951,526, a_decrease of $810,120 under . January of last year. The net income after all charges, including sinking fund ‘gppropriation for the month of January, was $1,196,638, a decrease of $891211 under January of last year. The operating ratio is 65.7 per cent, compared with 66.2 per cent for Jan- wary of last year, or a decrease of 0.5 per cent. Bank Stocks in Sharp Rally. New York bank stocks, which are; * -widely held in Washington, rallied fur- = ther last week, according to records compiled by Hoit, Rose & Troster. The * aggregate market value of the 16 lead- dng issues was $1,819,598,000 as of Feb- s _guary 20, against $1,689,381.000 on Feb- " ruary 13, an increase oi $130,000,000, or 8 per cent, for the week. » The average yield of the 16 leading stocks as of February 20 was 6.98 per cent, compared with a yield of 751 per cent on February i3 and 9.84 recorded on December 17, the highest average yield re‘gomd last year. r Based upon the February 20 figures, » the 16 issues now are selling at 13.3 times their 'known current earnings, against 124 times earnings on Febru- ary 13, and at 9.2 times known earn- ! ings on December 17, the low for 1931. 3 . The current average indicates that - New York City bank stocks are selling in excess of book value for the first time since November 14, 1931. Gockeler Re-elected Director. C. J. Gockeler, vice president of the District National Bank, has been re- Lloyd B. Wilson. elected a director of the Chapin-Sacks Co , to _announce- ment made. in Richmond following the ual meeting held in the Virginia ‘capital. Mr. Gockeler has been a di- rector in this corporation for several years. He is v;ic%x gll”‘&ldmfi of the Wash Stocl . ey B the Dnvesbuant Bankers' Association of America have zeceived word from Chicago headquar- ters that the annual meeting will be held at White Sulphur Springs, W. Va., October 22 to 26, the place and date just having been fixed by the board of governors, The 1931 convention was held at White Sulphur, this being the first time the organization has held suc- cessive conventions in the same place. s+ It was chosen because of the absence of distractions that might interfere with convention activities. Peoples Drug Dividends Voted. Peoples Drug Stores, Inc., has de- clared the regular quarterly dividend of 25 cents on the common payable April 1 to stock of record March 8, and $1.621% on the preferred, payable March 15 to ‘stock of record March 1. Datid Pender Grocery Co., which has many stores in Virginia, reports for year ended January 2, 1932, net profit of $122,822 after depreciation, Pederal taxes, etc., equivalent after dividend re- quirements on 30,207 no-par shares of 8350 Class A preferred stock, to 26 cents a share of 65,070 no-par shares of rommon stock. ‘This compares_with $40,741, or $1.34 a share on 30,207 shares of Class A stock in year ended January 3, 1931. Net sales for vear ended January 2, 3932, were $14.378,103 against $15,975,- 117 in preceding year. ! Today's Trading on Exchange. The Washington Stock Exchange held an interesting session today fol- lowing the double holiday. The first sale was a small lot of Washington Gas Light, which changed hands at 85, the first time this issue has ap- {mrf‘d on the board in a long time. ater’ it sold a point higher at 86 Mergenthaler Linotype figured in a hare sale at 433, while 20 more es moved fractionally higher at 43 Capital Traction held its own With one sale at 20. Potomac Electric Power 5'; per cent preferred recorded & sale at 103 Washington Gas 6s. Series B, opened the bond market, $1,000 selling at 103 Gas 6s, Series A, sold at 99%; and $500 Washington Gas 5s moved at 100%. Towson to Address Forum. The Forum Committee of Washing- ton Chapter, A. 1. B, under the di- rection of A. E. Henze, chairman, will hold its second meeting of the year in the American Security and Trust Building, Thursday evening. Norman Towson, assistant treasurer and manager of the foreign department of v the Washington Loan & Trust Co., will speak on “Our Economic Dilemna,” and lead the discussion. Mr. Towson is the editor of Wash- ington Chapter's magazine, “Dollars and Sense,” and has been identified yith chapter activities for many years. i Heard in Financial District. ' Chauncey G. Parker, ir., and Albert G. Redpath, members of the investment firm of Auchincloss, Parker & Redpath, are passing a short vacation in Ber- muda. | Wholesale prices decreased .75 per cent for the week ended February 13, Bureau of Labor Statistics reports. bureau’s index stood at 66.2, as com- pared with. 66.7 for the week ended Fe y 6. 4 “Prosperity comes faster to those who save regularly” is the slogan used on the first 1932 poster which the sav- ings division has prepared for its mem- bers. Ii also carriers the encouraging informaflon that more than 51,000,000 depositors in the United States have savings actounts. SILVER QUOTATIONS. NEW YORK, February 23 (#).—Noon, + silver futures . firm; sales, 1,025,000 ounces. Quotations in cents: March, 31.31; May, 31.85; July, 32.26; Septem- { ber, 32.50 bid; Octobery 3348 ) i Stocks sold in 100-share lots except I 93: 9% 5% 3 137% 107% B3% 110% 105 1% FINANCIAL, and Sales— Dividend Rate. Add 00. High. 5 Abitibi Pwr & Pa pf. 7 3% Adams Express. . 10% Addressograph (1) 2% Adv Rumley. . 12% Affiliated prod 1.60. . 46 Air Reduction(t4%) 117% Alaska Juneau (50¢) 1% Alleghany Corp.. 215 Alleg Cp pf $30 w- 10 Allegheny Steel 624 Allled Chemical (6) . 10% Allis-Chalmers(50c) 1215 Am Bank Note (2).. 13 Am Beet Suga 54% Am Can Co (15)..... 6% Am Car & Foundry.. 25 Am Car& Fdy pf (7) 22 Am Chain pf (7) 29 Am Chicle (13). 615 Am Comcl Alcohol. 7% Am European Secur. 6% Am & For Power. ... 21% Am & For Pwr pf(7). 11} Am & For Pwr 24 pf. 417 Am Home Prod 4.20.. 5 Am International.... i Am La France&Fom. ‘Am Locomotive. ... Am Mch & Fdy 1.40 Am Metals pf. Am News (3). Am Pwr & Lt (31) AmP &Lt pt A (5) Am Radiator (40¢).. Am Republics..... Am Rolling Mill Am Shipbuilding (5). Am Smit & RIg(50c) ‘Am Sm&R 2d pf (6)... Am Solv & Chemical. Am Steel Foundry. .. Am Steel Fdry pt(7). Am Stores (12%).... Am Tel & Teleg (9) Am Tobacco B (16).. Am Tobacco pf (6).. Am Water Wks (3).. Am Woolen Co. . Am Woolen Co pf. Am Writ Paper ctfs. Am Zine & Lead pt. . ‘Anaconda Copper. ... Archer-Daniels (1).. Armour of 111 (A)... Armour of I11 (B)... Armour of Il pf..... Atch To & San Fe(8) Atch To&S Fe pf(5). Atlantic Refining (1)x Atlas Powder pf (6). Auburn Auto (£4)... Aviation Corp (Del). 3% Baldwin Locomotive 12% Baltimore & Ohlo. ... 271 Balto & Ohio pf (4). 18% Bangor&Arostk(2).. 4 Barnsdall Corp. 351y Beatrice Cream (4).. 2% Belding-Hemingway 60% Belg N R pt pf 14.81. 15 Bendix Aviation (1). 191 Best &Co (2)... . 15% Bethlehem Steel. .. .. 60 Bethlehem Stl pf (7) Blaw Knox (50¢).... Bohn Alumn (1%).. 34% Borden Co (3). . 9 Borg Warner (1). 101 Boston & Maine. 7% Briggs Mfg (1)..... 8 Briggs&Stratton(2). % Brockway Mot Trk. . 30tz Bklyn-Man Tran (4). 68 Bklyn-Man Tr pf (6) 735 Bklyn & Queens 1% Brunsw-Balke 1% Bruns Term & Rwy: 1% Budd (E G) Mfg 3 Bulova Watch : 9% Burroughs Add(86c) 50 Bush Term deb (7).. 1 Butte Copper & Zinc. % Butte & Superfor. 314 Butterick Co... 103 Byers (A M) 81 California Packing. 3 Calumet & Hecla.... 5% Camp W&C Fdy (1) 10 Canada Dry (1.20)... 10% Canadian Pactfic 134 . 25% Capital Ad pf(A) (3) 26% Case (JI) Co....... 49% Case (J 1) pf (T).... 10% Caterpillar Trac (1). 7% Cavanaugh-Dobbs pf 3% Celanese COrp. ... ... 9% Cerro de Pasco (1).. 11% Certain-Teed pf. ... 21% Ches & Ohfo (2%) 13 Chesapeake Corp(3). 3% Chi Great Western. .) 9% Chi Great West pt. 1% Chi Mil StP & Pac... 2% Chi Mil StP & Pac pf. 6 Chi& Northwestern. 3% Chi Pneu Tool 8% Chi Rock I & Pacific. 11% Chi R 1 & Pac 6% pf. 14% Chi R1 & Pac 7% pf. 10 Chi Yellow Cab (2) .. Chickasha Cotton OH Childs Company. ... Chrysler Corp (1)... City Ice&Fuel (3.60). Clark Equipment. ... Cluett Peabody (2). . Cluett Peabody pf (7] Coca-Cola (13)... Coca-Cola (A) (3) Colgate-Pal-P (2%). Collins & Afkman. .. Columbia G&EI(b1% Col Gas&El pf A (6). Columbia Carbon (3) Comm Credit (1.60) . Comecl Cred 1st(6%). Comel Iny Trust (2). Comm Inv cv pf(e6). Comcl Solvents (1).. 21 4 Comwith & Sou(30c) 4424s Comwith&Sou pf (6) Congolm Nairn (1).. Congress Cigar (1).. Consol Cigars (5). Consol Film. ... Consol Film pf (2 ConsolGasN Y (4).. & Consol Gas NY pf(5) Consol Laundries(1) Consol Textile. . Container Corp ( . Contl Baking (A). Contl Baking (B). 31% Contl Can (2%)..... 1 Contl Motors. 5% Contl Ofl (Del) . % Contl Shares. . 37 Corn Products (3) Corn Prod pf (7). 2% Coty Inc. e 10% Crex Carpet. 3 Crosley Radio. . 12 Crown C'k & S (1.20). 20% Crown Cork pt (2.70) 15 Crucible Steel....... 40’ Crucible Steel pf (7). 12% Cuba RRpf (6)..... 7 Cuban-Am Sugar pf. Cudahy Packing (4). Curtis Publishing(2) Curtis Publish pf(7). 1% Curtiss Wright..... 69 33y 66'% 24% 7 1T% 30 67 Cushmans pf (8). s Cutler Hammer . 3% Davison Chemi 10 Deere & Co pf (1.40). 65'5 Delaware & Hud (9). 17% Delaware Lack & W. 12% Diamond Match (1). 715 Dome Mines (1)..... 13 Dominion Storest1% 19% Dresser Mfg A (3%). 47% Drug Corp (4).. . 46% Dupont de Nem (4).. 98 Dupont de N pf (6). 89 Duques Lt 1st pf (5) 3 B 681 Eastman Kodak (5).. 4% EatonAxle& Spr 50c. 51 Eitington-Schild pt., 23% Elec Auto Lite (4) 97 Elec Auto Lite pf(7). 2% Elec&Musical Instru o1 Elec Pwr & Lt pf(7). 25% Elec Storage Bat (3) 444 Eng Pub Sve pf (5) lxm ErfeRR.. Y% 8 CanaNHE How E 8 Foster-Wheeler..... 15% Fourth Nat Inv 1.10. 2% Fox Film (A)...... 15% Freeport-Texas (2) 1% Gabriel Co (A). 2% Gen Am Investors. 49 GenAm Invpt (6)..: 28 GenAm Tank Car(4) 11 Gen Asphalt (1)..... - Gen Baking (1) smasms = Broowmmr anoe hose designated by letter * I THE EVENING STAR, WASHINGTON, D. C. TUESDAY, FEBRUARY 23, Net. Low. Close. 7 95%~1215 2% — K% 7 16% 30% 204 4% 36% 4 601 15% 22% 20% 648, 8 18 38% =1 -1% 12% — % 3 16% + % .B2% .38 _ Bublic Sve NJ DL (6. 8 1% —Prev. 1932~ Low. 97 288 1% 10% 31% 1 19 31% 19% 80 “ 3 19% High 99% 38 26'% 11% 36% 28 24% 37 248 8678 60 20ts 10% Tn n 91y 1% 234 25% 20 3 2% 5' 90% 14% £ 4% 21% 9 15% i 1% e T 19% 36% 15 T T 14% 35 30 251 15% 28% 17% 13 9% 13% £10 19 15% 9 4% 167 12% 56% 44% 75 69 1% 5 36 19% 45% 45% 1415 23% 2% 29% 12 3% 1 19% 21 14 17 15 43 3% 18 281, 12% 47 2% Stock and Dividend Rate. Gen Baking pf (8) Gen Clgar (4)....... Gen Electric (1.60)... Gen Elec spec (60¢) Gen Food Corp (3)... Gen G&E A (b6 % stk) Gen Gas&E cv p(6). Gen Mills (3)... Gen Motors (2) . Gen Motors pf (5 Gen Prig Ink pf (6 Gen Public Servic Gen Ry Signal (5) Gen Steel Casting pf. Gen Theater Equip. . Gillette Stf Raz(1).. Gimbel Bros pf (7).. Gillette Saf R pf . Glidden Co. . Gobel (Adolf)...... Gold Dust (2%). Goodrich (BF). Goodr! Goody Goodyear 1st pf (1).. Gotham Silk Hoslery Graham-Pafge. ..... Grand Silver Stores. Grand Union. .. Grand Union pf (3).. Granite City Steel(2) Grant (W T) (1).... Great Northern pf(2) Great North Ore(2). Great Western Sug. . Great Wn Sug pt(7). Grigsby Grunow.... Hackensack W (13%5) al Hall(WF)Ptg(a30c). Hanna pf (7)... - Hartman Corp (B).. Hershey Choc (6). .. Hershey Choc pf 15.. Holland Furnace (1) Hollander Sons. ... Homestake M 18.8 Houdaille Hershey Household Fin pf Houston Ofl. Houston O11 Howe Sound (2).. Hudson Motor (1) Hupp Motors. .. Tllinols Central...... 1Indian Motor Cycle. . Indian Refining..... Indust Rayon (4 Ingersoll Rand (3 Inland Steel (1)..... Inspiration Copper. . Insur Sh(Md) (28c). Interboro Rap Trans Int Bus Machine(né) Int Cement (2). Int Combustion. Int Combustion p! Int Harvester (1.80). Int Hydro E1 A (e2). Int Match pf (4) Int Nickel of Can.... Int Paper & Pwr (A) Int Paper & Pwr (C). Int Paper & Pwr pf.. Int Salt (2). Int Shoe (3). Int Stlver. ..... Int Tel & Teleg (60c Int Dept Stores (2)... Island Cr'k Coal (3) . Jewel Tea (4)....... Johns-Manville (1). . Kan City Sou pf (4). K'mann Dpt Strs(1). Kayser (J)&Co (1).. Kelly-Spring Tire. .. Kelly-Spr T 8% pf.. Kendall Co pf (8)... Kelsey-Hayes Wheel Kelvinator Corp..... Kennecott Copper. .. Kinney (G R) Co pf. Kresge (S ) (1.60) Kreuger & Toll 1.61 Kroger Grocery (1) Lambert Co (8). Leh Port Cmt pf (7). Tehizh Valley Coal. . Lehigh Val Coal pt. . Lehman Corp (2.40). Lehn & Fink (3) - Liggett & Myers(15) Ligg & Myers B (15) Liquid Carbonle (2). Loew'sInc (14)..... Loft Inc. Laoose. Lorillard (P) (1. Lorillard (P) pf (7). Louistana Oi1 . Lou Gas&El1 A (1%). Loulsville & Nash (4) Ludlum Steel McCall Corp (2%) McCrory Stores B McKeesport TP (4). Mack Trucks (1). Macy (RH)& Co( Madison Sq Garden. . Magma Copper(50c) . Mallison & Co. . .. Manhat Elev gtd (1) Manhat Elev mod gt Marine Midld(80c). . Marlin-Rockwell (2) Marshall Field & Co. Mathieson Alkili (2) May Dept Stores 1.80 Miami Copper. < Mid Continent Petm.. Midland Steel (3).... 4 Minn Moline Pow. .. 5 16% 31 40 20 325, 36 93 3 6% 22% Mo Kan & Texas Mo Kan & Texas pf.. Missouri Pacific Missour! Pacific pf. Monsanto Chem 1% Montgomery Ward. . Mother Lode. . Motor Products (2). Motor Wheel Mullins Mfg. Murray Corp Nat Biscuit (2. Nat Biscuit pf (7) Nat Cash Reg (A) Nat Dairy (2.60).... Nat Dept Strs 1st pf. Nat Dist Prod (2)... Nat Pwr & Lt (1). PD tries. N Y Central. ... N Y N H & Hartford. NYNH&HDEL(T).. N Y Ont & Western. . Noranda Mines (2).. Norfolk & Southern. Norf & Westn (112). North Am Aviation. . Nor Amer (b10 %stk) North Amer pf (3)... North Am Ed pf (6). Northern Paeifie (3). Ohio O1l. Otis Eleval Otis Steel. . Outlet Co (4) Owens I11 Glass Pacific Gas & EI (2 Pacific Lighting (3). Pacific Tel&Teleg(7) Packard Motor Car.. Paramount Publix Park Utah . i Parmeleé Transport. 6 8% 3 6 35% 3 4 39 % 30 34 3% 4% 4% 6% 1% 3T% 9% 42% 103 1% 587 99y, 1 48% 95 b Pathe Exchange..... Pathe Exchange (A) Patino Mines....... Penick & Ford (1)... Penney (J C) (2.40) . Penney (JC) pf A (6) Penn Dixie Cmt pf. .. Penna Rallroad (2) Peoples Gas Cht (8 Pere Marquette. ... Pere Marquette pf... Pere Marquette pr pf Petrol Corp of Am... Phelps Dodge Co. ... Phila Co 6% pf (3) Phila& Read C&1.. Phillips Petroleum. . Plerce Arrow pf (6) Pierce Petroleum. Pitts United pf. Poor & Co (B). Port Ric Am Tob(A) Postal Tel&Cable pf. Prairie O1l & Ga: Prairte Pipe Lin . Pressed Steel Car-... Proct & Gamb (2.40) . Proc & Gamb pf (5). Producers & Refin. .. Public Sve NJ (3.40). Public Sve NJ pf (). Bales— Add 00, High. Low. Close. Chge. 30s 3 200 6 24 1 1 1 Fon 10: » 3 PR NS AS RN A A - - 5 3 S 1S et e B IO 8O - kDI B xlannwBopnican~-i e o Do T 1 7 i 00 99% 100 36 36 Net. +1 -1 -2 ~Prev. 1902, Bales— High. Low. Stock and Dividend Rate. 25 15% Puliman Corp (3)... 2 bl » Punta Alegre Sugar. 10 5% 3% PureOil...... s 15% 10% Purity Bakeries (2). 4 e TUEIY Rukerion (B): 10% Radio Corp._. dio Corp pf A 18% Radio Corp pt B. 7 Radlo-Keith-Orph 14y RRSecIlIC(3%) 118 Raybes-Manhat (1). 4 Real Stik Hoslery. . . 14 Real Silk Hosiery pf. 3% Remington-Rand. ... 3% Reo Motor Car. . 61 Republic Steel. . ... Republic Steel pt. 314 Reynolds Spring 32% Reynolds Tob B ( i: Richfield Ofl. . 2 Rio Grande Oil Ritter Dent Mfg.. ... Rossia Ins of Amer. . Royal Dutch of N Stores (5).. Safeway Strs pf (6). Safeway Strs pf (7). St Joseph Lead (60c). St n Francisco. . an Fran pf. ® ] 2.2 D R 0T BN E =B 2% 4 8 3% Schulte Retatl Stores Seaboard Air Line pt s Sears Roebuck (2%) Servel Inc. . harp & Dohme. ... Shattuck (F G) (1).. Shell Union Oil... Shell Union O11 pf... Shubert Theaters. .. Stmmons Co. ... Simms Petroleum. Sinclair Consol Ofl. . Skelly Ol Skelly Ofl pf ww Snider Packing. : Snider Packing pf. Socony-Vacuum (1). Solv Am pf ww (5% ) uthn Cal Ed (2) Southern Pacific. Southern Rallw . Spald(AG)1st pf(7). Sparks-Withington. . 9% Spencer Kellog(80c). Stand Brands (1.20). Stand Gas&El (33). Stand Gas&El pf (4). Stand Invest Corp ‘s Stand Oil Calif (2) 9 Stand Ofl of Kansas.. Stand Oll Exp pf (5). PO e 8 (DSOS [P M 2 . 9 oERwm e gl e Roelee o ate T Studebaker Co(1.20). SunOfl (1)......... Superheater Corp (1) % Superior Oil. Superior Steel. 12 Telautograph (1.40). 1% Tennessee Corp..... 10 N Texas Co (1)....... Tex Gul Sulphur (2). 1% Tex Pacific Coal&Oil. 44 Tex Pacific Land Tr.. 5 The Fair.. Thermoid Co Third Avenue. Third Nat Inv (1.05). Thompson Prod 1.20. Thompson-Staret pf, Tide Water Asso Ofl. Timken Roller B(2). 27 Tobacco Products. .. Add 00. High. Low. Close. 21 1932. FINANCIAL. Net. | —Prev. 1932 Chge. | High. Low. 21 4% 30 3 Stock and Dividend Rate. 6 2} Transamerica Corp. . 215 Tri-Contl Corp.- 26 Trico Products(2%; 1'4 Truax Traer Coal. .. 2% Twin Cit 2 & Co B 1-Fisher ( Union Carb (2.60) . Net. Chge. Sales— Add 00. High. Low Close 45 5% 5% by Loz o3y 3 %), 30 " 2 T RapTran. 3 -4 Un 01l of Calif(1.40) Unit Cigar Stores Unit Corp (75¢). Unit Corp pt (3). Unit Electric Coa Unit Fruit (3). Unit Unit S&Im(1.20). . s&Im pl(5).. U S & Forn Secur. ... U 8 Gypsum (1.60).. U S Indus Alcohol. .. U S Leather. .. U S Leather (A). T U U v U 3 U u 84 Ut 77 Trrr+nrd Pipe & Fdry (2). S Pipe&Fy 1st S Realty & Imp. S Rubber S Rubber 1s S Smtg & Ref (1). S Steel (2). S Steel pf (7)..... United Stores pf (4). Pwr & Lt A (2). Univ Leaf Tob pf(8) 4, Vadsco Sales Corp 111; Vanadium Corp..... % Va-Car Chemical. ... 3% Va-Car Chem 6% pf. 19% Vulcan D'tinning (2) Wabash RR........ 4 Wabash RR (A).... Waldorf Sys (1% Walworth Co. ... Ward Baking (B) Warn Bros Pictures. Warner Warren Warren Webs Quinian. Broscv pf 3. Bros Eise Webster-Eiseninr. Wesson O11&Sno(2) . West PARIpt (7)., West Pa Pwr pf (6 Western Dairy (B).. Western Maryland. . ‘Western Pacific. . ‘Western Union (6).. Westinghse A B(2). . Westinghouse (214 ). Westinghse Ist (3%) White Motor. . . ‘White Rock (4) . : White Sewing Mach. % Wilcox Oil & Gas. ... Willys-Overland. ... 2 2 =3 Woolworth (2.40)... 2 Worthington Pump. . Worth Pump B (6) .. Wrigley (Wm) (4).. 9 % — 3 3% Yellow Truck . 125 Ygstwn Sheet&Tube. % Zenith Radio i g 6% Zonite Prod Corp (1) Sales of Stocks on New York Exchange, 17% 1 8% 10:30 AM. 1:30 P.M 12% 14% 8% 1315 2% 19% 51y 2% y \ 5% | 2%5% in stock. Dividend rates as given in the above tabie | payments based on the latest quarterly or 'lx»;}vldznd 5UDit of trading less ti extra. $Plus 4% in stock. aPaid this year—no regular ra ¢ Payable in cash or stock. f Plus 8% in stock. h Plus M.mu z; | Stock. jPlus $1 in special preferred stock. k Plus 3% — 75| mPaid last year—no regular rate. =1 —1% e kA 17 16% 84 8 200,000 12:00 Noon. 700,000 2:10 P.M. 800,000 e annual eash ‘arly declarations. 100 shares. t Partly it in stock. nPlus 8% in stock. »Plus !to 2% pounds, 21; brotlers,’ 112 Butter—One-pound prints, 26; 25. Eggs—Hennery, 14; current receipts, 13. Poultry, alive—Turkeys, old toms, 15a 18: young toms and hens. 20a22; chick- ens, 3 pounds and over, 16al8; 2 to 2%, pounds, 20; broilers, 1% to 2 pounds, 20a22: hens, large, 15a16; small, 15a 16; Leghorn hens, 13al4; capons, iarge, fancy, 25a28, medium, 20a23; slips, 18; roosters, 10; keats, young, 45a50; old, 25230, Poultry, dressed—Turkeys, old toms, 18a21; young toms and hens, 23a25; chickens, 3 and over, iga2l; 3 pounds, 23a25; hens, large, 19a2l; small, 19a21; Leghorn hens, 17; capons, large and fancy, 28a32; medium, 20a25; slips, 20; roosters, 12; keats, young, 508 60; old,’ 50. Meats—Beef, prime, 13; good, 12; lamb, top, 15; good, 14; veal, top, 15; good, 14; pork loins, 11: fresh hams, 13; smoked hams, 16: strip bacon. 16: lard, package, 7':; bulk, 7; compound, 6%. Live stock—Hogs, light and medium, 4.00a4.50; heavy, 3.25a4.00; pigs, 3.25a 4.25; roughs, 2.00a3.00; calves, 4.00a 8.00; lambs, 4.00a6.50. Frults—Strawberries, pints, 10a18; quarts, 20a30; apples, bushel baskets, 75a1.25; fancy box stock, 2.00a2.25; oranges, 3.00a4.00; lemons, 4.00a4.50; grapefruit, 2.25a2.50; honeydews, Chile, 2.252250; pears, 3.50a4.50; slligator pears, 3.00; pineapples, 4.00 as, 50a2.00; limes, per 100, 2.00; rhubarb, hot_house, 1.00; plums, 1.75a82.00; nec- tarines, 2.50; grapes. 3.00a3.50; kegs, 5.00. Vegetables—Potatoes, Maine, 100~ New York, 1.15; 1.75; sweets, 60a85; string beans, 2.00a 2550; limas, 4.50; peas, 7.50; lettuce, Iceberg, 3.00a3.50; peppers, 3.25a3.50; cucumbers, 2-dozen containers, 3.25; celery, 2.5083.00; 2.25a2.50; kale, grown, 50a75; Texas, 85a90; squash, 1.50; eggplants, 3.00;. beets, 2.50a3.00; carrots, 2.50a4.00; cabbage, crates, 2.00 82.50; broccoli, 4.00; : .25a150; artichokes, 4.50 okra, 3.00; rad- 1.7582.00; as- tub, Fons. . 2.00; onions, 50- pound sacks, 2.00a2.25; Spanish, 4.00; mushrooms, 75a90. WILL CUT OPERATIONS Republic Steel to Reduce Volume to 25 Per Cent This Week. NEW YORK, February 23 (#).—Dow Jones reports that Republic Steel Cor- portion operations this week will be at 25 per cent of capacity, against 35 per cent Jast week, T B & FOREIGN EXCHANGE. (Quotations furnished by W. 3 TR L London, pound . pengo... . ue, crown (nom.; zloty. ... . 11 crown | 2618c ... 0 268c Own ... 26.8¢ Montreal, '11%% discount NEW YORK BANK STOCKS NEW YORK, February 23 (#).—Over- the-counter market. Bid. Asked. AT e 1770, . B8 1ES. Begues i F o, When Miss Thelma Carpenter arrived home at Bournemouth after winning the women's amateur billiards cham- pionship of England, she was greeted at the depot by a cheering crowd and had PUBLIC PURCHASES OF STOCKS INCREASE Records Show Buying Has Con- tinued at Greater Rate During Bear Market. BY J. R. BRACKETT, Written for the Associated Press. NEW YORK, PFebruary 23.—Public participation in stocks of American corporations apparently increased in 1931 over 1930 in the face of declining prices and a bear market, according o an analysis by the Standard Statis- tics Co. An analysis of 50 representative stocks showed 5,994,000 stockholders at the end of 1931, as compared with 5, 202,006 at the end of 1930 and 4,209,000 at_the end of 1919, By percentages, 1931 stockholders in these 59 companies increased 15 per cent over 1930 and 42 per cent over 1929, the year of the bull market, and 1930 increased 25 per cent over 19329 are not now available to show whether the total amount of stock out- standing of these companies has in- creased or decreased, but surface re- search indicates the total number of shares to be about the same as in 1929 and 1930. Several reasons are advanced to ac- count for the increase in sharehold- ers and for the indication that the in- crease represents greater public par- ticipation. Brokers have reported for some time a steady sale of small share lots for cash, even as little as one share, by per- sons obviously not intending to specu- late either for a few points’ rise or fall in the market. Brokers believe these sales are laying a foundation for an extraordinary amount of stock buying when the market shows a relatively long pegaod olfr"mhngmprlm. . me of the increase in may be accounted for by emi”:&‘;': ownership. Employes purchased stock on the easy payment plan, but until the payments were completed the shares Temained listed with the issuing corpo- ration. Payments were being completed in 1930 and 1931 and ownership trans- ferred on that completion. U. S. TREASURY BALANCE. By the Associated Press. Treasury Teceipts for February 19 were $5.584,765.12; expenditures, $8,- 'ga.:c&zz S b-}-nceé 4a3305,806,983.88. ustoms duties for 19 days of Fel were $15,614,431.65. S U. S. TREASURY CERTIFICATES (Reported by Chas. D. ) Rate—Maturity mfi?fl" s %ofln. 100 4-32 3%ss Aug. 15, 1932, 2%s June 15, 100 5-32 . 100 237 1932 100 3-32 ’% 1-32 100 15, 1932 15, 1932 s Dee. 15: 1933 333 Pev, 15, 1033 10 6.32 ‘The American Bible Society is 116 years oid. NVEST —jyour savin, 69 First Mortrage Securlities Convenlent Denominations Real Estate Mortgage and Guaranty Corp. 1610 K St. Nat. 1403 * First Mort Moy DV2% Available —to loan on residential goperues located in ashington and nearby Maryland and Virginia. Randall H. Hagner & Co. (Incorporated) Mortgage Loan Correspondent New York Life Insurance Co. 1321 Conn. Ave. DE. 3600 to pass under an archway of cues held by admiress, ik LURAY BANK REOPENED WITH CAPITAL INCREASE Special Dispatch to The Star. LURAY, Va., February 23.—With an increased capital stock of $25,000, the First National Bank, Luray, which has been closed since October 6, was re- opened today. The original capital stock of the bank was $25,000. The bank will be operated on a dif- ferent basis from which it was formerly conducted. While no announcement has been made who the officers of the bank will be, it is believed that E. N. Hershberger, ‘treasurer of Page County, will be elected president; W. E. Frank, cashier, and Robert W. Huffman, as- sistant’ cashler. Mr. Frank was as- sistant cashier of the Pirst National Bank for about 16 years, while Mr. Huflmtnn I%L se\:.e'nlmeyem has been as- sistant_cashier - tional Bank, this x:lme.p.te b POTATO MARKET. CHICAGO, — Stiten Department of Aptioatimer el tatoes—203 cars, on track, 260: total Unlted States shipments Saturday 846; Sunday 14, Monday 265; weak on Wis- consin, about steady on other stock; sacked per hundredweight, Wisconsin round whites, No. 1, 75880; unclassi- fled, 70a72; Michigan Russet rurals, 75a80; IdAho Russets, No. 1, 1.35a1.45; Nebraska triumphs, few sales, 1.15. g g SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co ) Allis-Chaimers Co. 55 1937..... %" American Chain Co. 6s 1933 85 American Tel & Tel 5%s 1943 103 Amer. Wat Wks & El 55 1934, Baltimore & Ohio 4'as 1933.... Belding Hemingway Co. 6s 1936 Bethlehem Steel Corp. 5s 1936. Canadian Nor. Rwy. 4las 1935 Chi. Northwestern R. R. 55 1933 i Rock Island 4s 1934... Cleve. Lor. & Wheeling Ss 1933 Colorado & So. Rwy. 4l3s 1935 Commercial Credit Co, 5'as 1935 Delaware & Hudson 88 102% 89 Gen. Mot. Accep. Corp. 85 1 General Petroleum Corp. 55 1940 General Public Service 5'gs 1939 Grand Trunk of Canada 6s 1938 E & W. 55 1933 'w York Cent & H._4s 1934 lew York. Chi, & St. L. 6s 1932 Northwestern Telep. 4ias 1934, Penna. R. Y e 50 Steel 55 1940. . Sinclair Crude Oil Co. 5%s 1938 Southern Pacific 5s 1934 5 St. L. IMS Ry. R. & G. 3 Union Elec. Lt. & Pow. bs 19: Union OIl Co. of Callf. inia Rwy. & Po Wabash R Side-line Salesmen for Wash- ington and surrounding terri- tory for new high-grade toilet article on commi basis. Ad- dress Box 481-H, Star office. STOCKS IRREGULAR - INLOWER MARKET Break in Auburn Auto Brings ‘| Out Selling, but Losses Are Reduced. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, February 23.—Unset- tled by a wide-open break in Auburn Auto, the stock market today showed general reactionary tendencies, although | the early weakness was succeeded by some recovery in the later trading The market opened lower all around in continuation of the movement in effect at the close on Saturday. The feature of the first two hours was the spectacular weakness in Auburn Auto. The stock opened down a point and then without intermediate ~recovery, slumped. sometimes a point between sales, until it was off more than 15 points on the day. At this stage sup- port was encountered and a feeble re- covery ensued. Various reasons were ascribed for the | weakness In Auburn. One was the gen- | eral falling off in motor car sales in | January. as evidenced by the registra- tion of new passenger cars. Another was an impaired technical condition in the stock, which has been repeatedly bid up for no other reason than that it was known to harbor a large short in- terest. Another story was that a large block of stock was being liquidated. Whatever the cause, it unsettled the general list | " During this carly weakness Peoples Gas dropped below par for a loss of nearly 3 points. Allied Chemical, Con- solidated Gas and American Telephona were under mild pressure. In the rail- way group Atchison and Union Pacific | sold off. Most of these losses were re- covered after the market steadied and all through the selling there was good support for United States Steel, which at midday was a shade higher on the day. The oil stocks were noticeably steady and the local tractions very strong. Brooklyn-Manhattan Transit and Manhattan Modified made new highs for the year, responding to re- | ports that a satisfactory unification plan would be agreed upon. Trading was in small volume both on the early recession and on the subse- quent recovery. It did not look as | though there ‘was much short selling, but on the other hand there was no sign of investment buying and the market was left to the in-and-out traders, with even these unwilling to take a position. In so far as the cam- paign of the administration to combat deflation requires a higher stock mar= ket. support from banking interests may be expected. If there was any such support in today's market, it was in the better grade of industrials. Among the minor features were a new low for Hudson Motors and a new high for General Baking preferred. Preferred stocks have been under quiet accumulation for some time, moving more with bonds than with the com- mon shares. STOCKS EX-DIVIDEND NEW YORK, February 22 (#)— Compan; Rate. 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