Evening Star Newspaper, February 23, 1932, Page 15

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FINANCIAL. BONDS DEPRESSED N LGHT TRADNG Irregular Down Trend Shown by Market After Holi- day Closing. BY F. H. RICHARDSON. Bpecial Dispatch to The Star. NEW YORK, February 33—Bonds were irregularly lower in extremely ht tradi today. n"‘[’hz m:’;fifl opened steady. Ordi- narily it might have been expected to follow the reactionary tone in stocks but there were a number of factors which prevented bonds from dipping. One was the announcement of the con- troller of currency that he had ar- ranged with the New York Federal Re- serve Bank to centralize control of the marketing of bonds by receivers of closed banks. This will guarantee an orderly distribution of these securities and prevent them from starting the investment market on severe down- swings. Another factor aiding bonds was the advance of United States Government long-term issues in the face of a stif- fening of bankers' acceptance rates. ‘This was construed to mean that the advance in rates was merely temporary and caused by some large movement of funds and it was believed Government bonds trended higher because of the likelihood of a cut in the rediscount rate this week. ‘There was some interest in railroad bonds and in most cases offerings were absorbed without losses. St. Louls Southwestern Consolidated 4s, how- ever, were off 2 points. This was based on the progress of the appeal of the Texas & Pacific and Missouri Pacific against the Interstate Gommerce Com- mission’s decision to permit the South- ern Pacific to acquire stock control of the cotton belt. Wall Street thinks it unlikely that the decision will be upset. There were small declines in Alleghany 5s, Missouri-Pacific 5'zs, Northern Pa- cific 4s and Frisco 4155 Industrials were irregular. Sinclair Oil 6s gained while Texas Corporation 5s eased. Armour of Delaware 5!:s were up narrowly. New York City tractions were all higher, reflecting heavy buying of the common stocks. On the other hand some of the junior utilities such as International Telephone 5s, American & Foreign Power 55 and Columbia Gas & Electric 55 were & point or more lower. In the foreign list the only spectacular | movement was in Japanese bonds, | which dipped sharply in response to| reports that the Japanese had had s severe setback in the fighting at Shanghai and planned to double their force there. Japanese 6lzs dropped more than 2 points to a new low. Ja- panese 5':5 also hit a new bottom. South American issues were irregular. Argentine 6s rose a point. German issues were steady, with little change in the rest of the European list. Brit- ish 5'.s paralleled an advance in ster- ling quotations. The Bank of France has decided to cease selling sterling for the present. United States Government bonds were unchanged to about % point higher. The one exception was the issue of Treasury 3s, which were down about i at one time. This bond was largely bought recently on the false supposition that the Treasury would ac- ?L income tax payments in Shligations at Par INSURANCE DECREASE IN TAXES FOR 1930 NOTED By the Associated Press. A slight decrease In special State in- surance taxes collected during 1830-is disclosed by the annual survey made by the insurance department of the Chamber of Commerce of the United States. The total, $99,333,007, is $658,465 or about two-thirds of 1 per cent under figures for the previous year. Of this amount only $4,416,971, or 4.45 per cent, was expended State insurance de- rtments in the interest of policy- olders. —_— Washington Stock Exchange SALES. Washington Gas Light—5 at 85. Mergenthaler Linotype—20 at 43%, 20 at 431, AFTER CALL. Washington Gas 6s “B"—$1,000 at 103. Capital Traction Co.—10 at 20. Washington Gas Light—10 at 86. Washington Gas 6s “A"—$100 at 99'%. Washington Gas 55—$500 at 100%. Potomac Electric 5!2% pfd—10 at 103. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Tel. & Tel 4'2s '39., B & Tel. ctl. tr. 85 & Pot. R 55. Amer Am. Tel Anacostis Ana & MISCELLANEOUS. Barber & Ross, Inc Sigambont wer 3 P El. Com. (1) & EL'pfd. (5).. NATIONAL BANK. Ees stamped) (10) I Bk & Tr. 3) 2EERATS s Mwias b BegraE.y 82355555 - TRUST OOMPANY. & Tr. Co. (15)....... $e2s s 2 08 Loan & Tr. (18). SAVINGS BANK. American (12 Corcoran (101 Firemen Nationa! Union TITLE INSURANCE 18) -Am. Co. pld. Lanston’ Monotype (6) Mer. Tr. & 8 Mer. Tr, Mergenthaler Natl Mtge v. Peoples Drug Stores pid Real Est. M & G. ptd. (8) v Mech. Mtge. com. i6) ...... Wash. Med. Bldeg. Corp. (7) Wdwd. & Lothrop com. (1.30) Wdwd. & Lothrop nfd. (7 t €ltz% extra. (=== B0 Received by Private STATES. UNITED (Seles are n $1,000.) Bales. Lib3%x32-47.. 48 L 1st 435 32-47 126 L 4th 4% = 33-38 297 U S3s51-65....208 UB3%s8'49....192 US3%s M4l :g Ab&St5%s"43. .. Alleghany Cp 6844 Alleghany 58°49... 1 Alleghany 58 '50. .. Allis-Chalm 58 '37. Am F P 582030.... Am Int] 53%5'49. .. Am S&R 1st 58 '47. Am Sug Ref 6s'37. Am T&T cv 41838 AmT& T 68’6 Am T&T c tr bs Am T&T 688 Am T&T 5%s ‘43 Am W Wks 55 '3 Am Wat Wks 68 '75 82 Argentine 5s°45. .. Argentine 5%s ‘62, Argentine 6s Ju'59. Argentine 6s Oc'58. Argentine 6s A Arszentine 6s B '58. Arm & Co 434539, Arm Del 534843 Atchis 45190 Atchison gn 4= Atl C L 1st 4s Australia 4%s Australia 5 Australia 5 Austria 7s " Austria 78 B&O5sD B&Orf 5895 B&O6s" " Batav Pet 41254 Belgium 65 Belgium 615 '49 Belgium 78 Belgium 785 Bell Tel Pa 5 Bell Tell Pa 58 B Ind Loan C 6s Berlin Cy El 68 '55. Berlin CE 6%s8'50. Beth Stlrf 5148 '42. Bolivia 7868 i Bolivia 78069 Bolivia 88 '47 Bordeaux 65 '34. Brazil 6155 26 Brazil 61352 Brazil Ts. Brazil 854 Bremen 7s " Bk Ed gn A Bklyn Man Budapest 65 '62.... Buenos A 8561 Pv. Buff Gen El 43¢ BR& Pitts 4%s Bush T Bldg 55'60. Calif Packing 58’40 Can Nat 4%s Can Nat Ry 4%s'5 Can Nat 43456 Can Nat 58 July's). Can Nat 58 Oct '69. Can Nat 58 '70..... Can Nor Tt db'40 Can Pacdb 4s. . Can Pac 4135 '46. Can Pac 4145 '60 Car Clin & O 68 Cent 11l G&E 5s'51. Cent Pac 4s'48. Can Pac &8 . Cert-td db 5% Ches Corp 5547 CB&Q Ist L5871, CB&Q 11 dv 338'49 Chi & Est Ill 7 ChiGrt West 4s'59. Chi M&StP 438 E CM&STP 4% 889, . C M StP&P 58 '7 P adj 5s. . V 4148 2087, 20 C&NW 4348 C2037. & Chi & NW cn 4%s.. 48 Chi RI&P rf 48 '34. ChiRI&P 4% ChiRIcv 4% 60, Chi Un Sta 55 B'63. Chi Un Sta 6%s'63. C & W Ind cn 48'52. 6 %851, Con G NY 53845, Con Pwr Jap 6 Con Pow Japan 7 Consum Pow 5 Cuba 5% '45. Cuba Nor 514 Czecho 88°52.. Del & Hud rf Denmark 4 3. Denmark 5 Denmark 6s '42 Denver Gas 58 '51.. Deutsche Bk 6s '3 | Dodge Br el 65 Duquesne 4135 6 Erle 18t con 48 Erie gen 4 Erle cv 58" Eri Gen Cable Gen Motors 65 Gen Th Eq 65 '40 Gérman 5145 '65 German Bk 6s ‘38, . Ger Cen Bk 65'60J. 24 Ger Cen Bk 68'60 O 16 German Tsrep’45.. 28 German Bank 78'50 30 Goodrich cv 6s " Goodyr Rub bs’ GrandTr sf db G Hud & M adj | Hua & M5 | Humble OF | Hungary 7 6 111 Bell Tell o | 111 Cent 4853 111 Cent 438768 ... 111 CCSIL&N 4%s 111 Steel 4348 40 Inland St 418 A'78 Int Rap Tr 58 '8 Int Rap 7Tr sta '66 Int Rap Tr 6s . Int Cement 5s '48. . Int Hydro El 65 '44. 49 Int M Co 58 ret " Int Match 58 '47 IntT&T 43%s 52 Int T&T cv 4353 IntT&T 58 Irish Free § JEIY TEBL o Ttaly Pub § 78 '52. . Japanese 535 65. . Japanese 61:5s 54 Jugos! Bnk 75 '57. . Kan C FtS&M 4536 1 Kan City Ter 48'60, 4 KanG&E dhs'80.. & 1 6 103 831 997 9714 ki 61 52's 68% 39 104 42% 43 311 6314 55% 431 991, 6715 56 23 108 1 2 9 11 100% 1 89 1y 103 102 :85. 97 9912 99 28| Laclede 5% s 899 | Lautaro Nit 6s'54. 91 946 | Lig & Myers 58'51. 94 16| Lig & Myers 7s "44. 93 16| Loew's 65 ex w41, 96 6 1 2 99 25| Lorillard 1025 10224 | La & Ark 55 '60. Sales. High. Low. 83 997 974 19 103 102% 103 1 89 89 % 61 42 9 9% 2 107% 107% I 674 598 9% 341y 184 90% 4% 60 2% 78 91 31 908 978 1% 95% Y Yy 103 2:88. 83 43 70 894 9% T4 89 k™ 61 523 541 54% 55 54% 3% T 47% 53% 65% 831 99% 07% 67y 11% 11% 53 68 22 23% 34% 81 79% 8519 19% 911y 524 * | peru 6560 —~—" THE EVENING STAR, WASHINGTON, INDS o sxceuvce || TRADERS IN GRAIN- [WEEKLY OIL OUTPUT ™ . 285 Karstadt 6= 43 24 Kreug & Toll 58" 57 Lac G StL6s'34... 9% Laclede 5148 C'63. ;’l 2 1% Leh Vcn 4352003, 6: 19 Lorillard 5s '51. 9013 44 Lou G & El 58 '52.. L & N unl 4= 40 Lyons 6s'34.. McKes & R 548'50. Manh Ry 1st 48'90. Market St 7s " Marseille 65 '34 Midvale Stl 5 Milan 6148 '52 MIIERy &L 58 37 83% 103 93 1031 | M StP&SSM cn 4. .44 9T 9% 9TM M StP&SSM bs " .19 99% 98% 99k | MSP&SSM 5%s'T MK&T 4s B'62 Mo Pac gn 4 Mo Pac 5s A ‘85 Mo Pac 5s F Mo Pa: 5 Mo Pac 5s H '80 Mo Pacrf 6s'81... Mo Pas5%s A'40. . Mobile-Ohio 5s °38. Mont Pow 58°43.. . 4 Mor&Co 18t 448’39 6 N ..108 Nat Steel 55 '56 Netherlands 6s ‘72 N Eng T 1st 55'52. NOT&.\(EV.:'S.IQ. 3 Y Cent 4148 2013, Y Crf4 13. NYCrfim N Y Cent db 65" NYC & St L 4s N StL 4 N Y Edison 5s B'44, N Y Ed 1st 815541, NY ELH&P bs 48 NY NH&H 41556 N Ny NY Rys Inc 63 '65 N Y Tel 41839 NY W&B 41is No Am Co 5s'61 Nor Am Ed 55 C'69. NorOT & L 6s'47 B Nor St Pw 6s B'41. Norway 5s ‘63 Norway 6s'43. Orient Dev 5 Orient Dev 6: Pac G&E Pac T&T 1st Paris-Ly M 6s Paris-Ly M 78 Parls-Or § Penn gn 41 Penn 4%s'70. Penn 4% s '63. Penn 5k '64. Penn gen 58 '68. Penn 625 '36. . Penn P&L 4%s '81. Peor & E 15t 45 '40. Pere M 1st 55'56... T ®» o . P ANAN SR aD ~u R AR RERE N 5w ae PR S e Peru 68 '61 Phila Co s Phila Elec 48 . Phila & Read 65 '49 - 2 Pos Tel & C % Prague 7%s'52. . Read gn 48 A" Rem Arms 6s A" A Rhinelbe Rhine Wi Rhine West Rhine West R Gr Do Sul o R Gr Do Sul 85 '46. Rome 6138'52 . Roy D 4545 w StL IM R&G 4 St L&SF in 4s A StL&SF Y StLSW cn ds L 5a0 Pau 75'40 ret. . Saxon P W 6%8'51. Saxon 78 '45 Seab A L 4s st é Seab A L cv 65 '45. . Sea All F Serbs-Cr-81 Serbs-Cr-81 Shell Un Oil Shell Un Oi1 Shinyetsu 6148 " 59% | ¢ 341 20% Nw 85 801 2% 91 32 903, 97% 1% 82% 1141 115 5 115% 116% 34 984 54 100 35 00% 49 99 34 93% 100% 0 99%, | West Un 83 Sine € Sine P L 55 Soissons 6s ‘36 Solvay Am 554 Sou Bell T&T SW Bell T 58 3 Sou Pac col 4s '49. . Sou Pac 415 '81 Sou Ry gn 4s ‘56 St Oil N J 65 '46 Sug Es Or 7542 Sweden 55 54 Swiss b las Taiwan E P 5%s Tenn E1 P 65 A '47. Tex & Ark Texas Corp Tex & Pac Tex & P 5 Third Av rf 48 Third Av adj 5 Toho EI Pw 65 '32 Toho El Pw 7s ‘55 TPokio 535 '61. .. Tokio El Lt 65 '63 Un Pac 18t 48 '47. Un Pac 4s'68. . Un Pac rf 4s 2003 Unit Drg cv 68 '53. . Utd King 6%s8°37.. U S Rub 1st 58°47.. Ud St W 6l%s A'51. Uruguay s '60. Uruguay 6s "64. Util Pw 58 '59 ww Util Pow 5128 °47. . 40% 429 62 58 Va Ry & Pw 7Y Va Ry Ist s Wabash 4 Wabash 2d 5 Wabash 5 s 75. Walworth 65 A Walworth 6138 Warn Br Pic 68'39. West El db 58 °44.. 2 West Md 4552 ... 591% West Md § 60 West ’ac 55 '46 40% West Union 58 " 68 West Union 58 ° 68 91 80 59% s Wil & Co 1st 6s'41. Yokohama 65 '61... CHICAGO DAIRY MARKET. CHICAGO, February 23 (#).—Butter, Teceipts, 10,242 tubs (2 days' receipts), steady; creamery-specials (83 score), 2215a23; extras (92 score), 22; extrs firsts (90-91 score), 21138213; firsts (88-89 score), 201,a21; seconds (86-87 1 864 ny 59 69% 39 62% carried 83 ” score), 1914a20; standards (90 score centralized carlots), 22. Eggs, receipts,’ 115,165 cases (2 days' receipts). steady; textra firsts, 143,; fresh graded firsts. 14Y4; current receipts, 13 e For the first time known a Bible was recently on a long-distance ht, being sent from England to Johaninesburg, South Africa. HOPE FOR UPTURN Cash Position of Market [s Apparently Against Rise, However. BY FRANK I. WELLER, Associated Press Farm Editor. Although wheat is only about 7 cents less than it was last year at this time, statistics are still bearish on grain, and price advances seem to depend tempo- | rarily on outside influences and increas- ing public interest. ‘The country generally is in a more bullish mood and the speculative trade is inclined to work for higher wheat prices. From an actual cash stand- point, there would seem to be noth- ing to warrant a further upturn. Any slowing up in the export demand or speculative buying power easily might bring about some further recessions in value. Some are inclined to believe the recent bull fever in wheat, which has brought about persistent buying under 61 cents for May, is subsiding. Bulls, however, have been looking to Washington for news that will carry the grain markets into even higher ground. Since tremendous official and political efforts are being made to im- prove the financlal and economic situ- ation, any move believed capable of im- proving farm values is possible of ad- vancing price lines. Congressional and administrative at- tacks on short selling in both the se- curities and commodities market have caused shorts to cover hurriedly and the longs to add to their lines. This has made an extremely strong market up to the present, for whenever such a fever sets in no one knows just when it will run its course. At the same time there comes a more confident feeling that wheat is getting out of the rut in which it has been for a number of weeks, &fleu are getting more out of line with world markets. Chicago May brought 62% cents, a new high for the move. Baltimore Markets Special Dispatch to The Star. BALTIMORE, Md., February ‘White potatoes, per 100 pounds, 1.00; sweet potatoes, bushel, 35a8 yams, barrel, 1.25a150; beans, bushel, 1.5082.50; beets, crate, 2.75a3.00: cab- bage, hamper, 1.00a1.75; carrots, bushel, 1.00a1.25; caulifiower, crate, 1.75a2.00; celery, crate, 1.50a3.75; kale, bushel, brussels sprouts, 10al5; lettuce, crate, 2.50a3.50; onions, per 100 pounds, tomatoes, crate, 1.0083.25; turnips, hamper, 15a25; apples, bushel, 75a1.50: grapefruit, box, 1.2582.50; oranges, box, 2.00a4.00; strawberries, quart, 25a35. Dairy Markets. Chickens, young, 20a21; Leghorns, 17a18; old hens, 14al8; Leghorns, old, 14a15; roosters, 11a13; ducks, 12a2: geese, 11al7; pigeons, pair. 20a2 turkeys, 15a30. Eggs—Receipts, 897 cases; nearby firsts, 15; Western firsts, 15. Butter—Good and fancy, creamery, 21a24';: Iadles, 15a16; process, 19a2 store packed, 9a10. Hay and Grain. ‘Wheat—No. 2 red Winter, garlicky, spot, domestic, 60% ; February delivery, 60 March delivery, 61%%. pot, domestic, 42 @43; cob corn, new, 2.00a2.10 per barrel Oats—No. 2 white, domestic, 34%za 35; No. 3 white, domestic, 33'2a34. Nearby, bag lots, 40a45. Hay—Receipts, none. General hay market is quiet. Receipts ample of timothy, but good mixed hay scarce and bringing & premium. Prices range from 12,00 to 16.00 per ton, as to grade and kind; latter figure for choice clove: mixed. The poorer grides of timothy are irregular in price. Straw—No. 1 wheat, 8.50a9.00 per ton; No. 1 oat, 9.00a10.00 per ton. Live Stock Market. Cattle—Receipts, 75 head; light sup- ply: market slow Steers—Choice to prime, none; good to choice, 6.00a7.00; medium to good. 4.7585.75; fair to medium, 4.0084.75; plain to fair. 3.50a4.00; common to plain, 3.00a3.50. Bulls—Good to prime, none; good to choice, none; medium to good, 4.00a 4.25; fair to medium, 3.50a4.00; plam to fair, 3.25a3.50; common to plain, 3.00a3.25. to choice, none; medium to good, 3.75a 4.00; fair to medium, 3.25a3.75; plain to fair, 2.50a3.25; common to plain, 1.50a2.50. Heifers—Choice to prime. none; good | to_choice, 5.0085.50; medium to good. 450a5.00; fair to medium, 4.00a4.50; plain to fair, 3.00a4.00; common to plain, 2.50a3.00. Fresh cows and Springers, 30.00a 60.00. Sheep and lambs—Receipts, 100 head: .00, lambs, 4.00a7.00. Hogs—Receipts, 2,000 head; fair sup- ly, market spotty; lights, 4.50a4.95; gnwes, 4.25a4.5 medium, 4.5085.00; i roughs, 2.75a3.75; light pigs, 3.7584.25; gs, 4.10a4 55 Calves—Receipts, 50 head; light sup- ply, market steady 0089.00. FOREIGN TARIFF LAWS RESTRICTING MARKETS By the Associated Press and in prospect are expected by the Commerce Department to weigh heavily on_international trade during 1932. In & review of the subject the de- partment sald likelihood of definite action during the year by fcreign coun- tries on moderation of high tariffs and of a varlety of other drastic trade con- trol measures appeared to rest largely upon a resolving of the financial crisis and appearance of substantial s recovery from the general economic de- pression. Discussing 1931's trade, the depart- |ment sald the world's unsatisfactory business conditions led many foreign countries to a further tightening up of their markets, accompanied by a shrink- age of exports, resulting in part from the increased tariffs and other restric- tive measures and aggravated by the financial difficulties of governments. U. S.-ARGENTINE TRADE STATISTICS ANALYZED i | By the Assoctated Press foodstuffs imports. Though that coun- try is more important as an exporter than an importer of foods, its imports | attain a considerable value, amounting in 1930 to $82.474,551, exclusive of $9,489,278 imported in liquors and other beverages. In that year the United States sup- plied $7,903,972, principally in fresh and dried fruits, sardines, rice and eggs. limited market, however, is found for canned fruits, pickles and sauces, pre- pared breakfast foods, condensed m! | and flavoring extracts. Because Argentina is essentially an agricultural nation, most of the staple foodstuffs _are > Jroduced within the country. Its food exports, however, re principally confined to direct products of the soll, such as cereals, meat prod- D. C, TUESDAY, ight supply. market steady; sheep, 1.00 o a The United States supplies slightly | s less than 10 per cent cf the Argentine’s | S REVEALS DECREASE Curtailment in East Texas Offsets Production Gain in Other Sections. By the Associated Press. TULSA, Okla, February 23.—East | Am L& Tr (2%).. FEBRUARY 23, 1932. Stocks »0ld in 100-share lots exeevt those designated by letter “s." 8tock and Sale— Dividend Rate, Add. 00. High. Acetol Prod A..... 3 6% Aluminum of Amer 1050852 AmCigar......... 628 148 AmCit P&L A (a3), 1 25 AmCitlesP&LB. 10 24 Am Cyanamid B. 3 3 Am Equities....... 1 2 Am & For Pw war., 1 Am Founders. . Am Gas & El (11) AsG&BEallct 1.60., Am Invest B war Texas oil production plunged nearly | om Maracaibo. 50,000 barrels in the daily average 1ast [ Am Superpower. to offset increases in Am Super 18t pf( every other major field and bring total | Am yvett production of the United States down | Anglo Chilean Ni from 2,130,441 barrels to 2,106,217 bar- rels daily, the Oil and Gas Journal re- | Appalach Gas wr ports Appalachian Gas. .. Arkansas NtGs A Total East Texas output was 279,071 | Asso El Ind L barrels daily, 48,445 barrels under the | Asso G s & Flec. previous week’s average of 327,516 bar- | Asso G& EA b5 % rels a day Other Texas fields increased | Atlas Utilities. slightly to make daily production for Atlas Util pf A the State, 797,420 barrels, & decrease of | Atlas Util war. 39,588 barrels under the week's production of 837,017 Oklahoma production was up 404,350 barrels daily to 413,565 barrels. Kansas production increased 98,650 barrels to 98.980. Eastern flelds were up 2,000 barrels to 120,000 barrels daily. rrels. California output was up 3,000 bar-| g, Nag Pf (1.60). rels & day at 503,000 barrels. Rocky Mountain pools incressed their output from 813869 barrels to 83,630 barrels. New York Cotton Special Dispateh to The Star. NEW YORK, February 28.—Cotton prices were about 50 cents a bale lower | at the opening of the market today. Offerings from the South, accumulated over the holiday following last week's advance, were sufficient to press down in the face of a fairly brisk trade inquiry. . Opening prices were: March, 6. off 7; May, 7.03, off 9; July, 7.19, off October, 738, off 10, and December, 1.58, off 9. Grain Market By the Associated Press. CHICAGO, February prices here averaged higher early to- day helped by upturns in receding | Auto Voting Mch. . Bell Tell of Can (8) 1008 Bickford's (1.20)... 1 Blue Ridge. . Blue Rodge pt (a3) Brazil Tr L&P (1). BrtATbrpl.133-5 BrATcB1183-ic 1 Burma Ltd ret(2c). Radio Tube. . 2 5 3 1 0 1 1 1 1 13 3 1 Cent Pub Sve Del. . Cent Pb 8 A (b5%) Cent States Elec. .. Cities Sery (g30c). 76 Cities Sve pt (8)... 2 Cities 8 P&L pf(8). 508 Citles S P&L pf (7) 508 Claude Neon Lits... 3 Clev El Tilu pf (6). 408 100 Col G & Ecv pf (5) 1408 84 Comwith & Sou war 19 CAM Coctfs Consol Retail Str: Cont Shares pf B Cooper Bess pf A Cord Corp..... Corroon & Reynold: Corroon & Rey pf A Creole Petroleum. . Crocker Wheeler. . Crown Zeller pf A 3 Cusi Mexicana Min. 1 17 1 109 16 23. — Grain | Derby Ol & Refin. . Draper Corp (4)... 50 Liverpool | Dubilier Cond & R. wheat quotations and by big increases | Duquesne Gas. of the Italian wheat import quota. De- terioration of India's wheat crop to 12}, per cent below normal was re- ported. Opening at Y3 off to 5 up, Chicago wheat futures subsequently rose all around. Corn started at '3 decline 35 gain and later held near the initi limits. Advances of wheat values were in the face of setbacks In securities and ap- peared to be especially due to 30 to 60 per cent widening of Italy's allowance of imported wheat permiited to be ground by Italian millers. This was generally taken as acknowledgment that European home-grown supplies were almost exhausted and as indicating that France and Germany would fol- low the example set by Italy. Trade advices were also current that world import requirements of wheat would be at least 100,000,000 bushels more than was recently estimated. It was contended that only moderate uantities of wheat were now left in gentina and Australia, with North America the sole granary in sight hav- ing good grade wheat available on a large scale. At about a cent a bushel advance, however, wheat encountered fairly heavy selling from commission houses. Moderate reactions ensuad, notwithstending suggestions of a cold wave and despite prospects that do- mestic primary receipts of wheat southwest would fall off owing to freight rate advances. Corn and oats were relatively weak, influenced by les of corn against purchases of wheat. Provisions duplicated hog values. steadiness of INVESTMENT TRUSTS NEW YORK, February 23 (#).—Over- the-counter market. A B C Tr Shrs “E Am & v A Cows—Choice to prime, none; good | Assoq Bankers Nat . Bansicilla_Corp . Basic Industry h Type Inv Nat Corp Corp B Tr Shis Caain & Gen Equities Caartered Invest Chartered Inv pf Chelsen Exch orporate Trust A A orporate Trust Accum Ser.... Crum & Foster 5 Crum & Fost 8% 'pi .. Crum & Fost Ins Srum & Popt Ing 7 pt. s Bk Shrs Depos Bk ¥ % Beh H Bive: Gra Foreign tarifl measures now in effect | gud In, Leaders of Indu Leaders of gns of | No:thern Se Ol Shares 0id Col Inv Tr 0ld Col_Tr Assoc Petrol Trad A Public. Serv 1 Sec Hec 67 15t pf.. Corp Gen $6 pf ed Am Sh Selected Cumul 8h Seiected Income Sh Selected Manage Trust Shawmut_Bank Spencer Trask Fund. . Stand All Am Tr.- .. Stand Am Tr_ Shrs Collat Trust . Street Invest e o BRuaauulet et watd Bl S SEBIES T Super Super Super Super Trust Shrs of Am.. Trustee Stand Inv O, 4 Stand Tnv D.. Trustee St Ol Trustee St Oil Shrs B. Trusteed N Y C Bank et SR~y F&BRIETIE rco cam ! o, N wes: & et 3 32 3us B3 Fiec Universal Tr Sh e, F i Britain of the seventeenth century hauled its timber to the coast for ucts, grapes, potatoes, sugar and beans Some of our modern boulevard roads ;r;) d{lr more costly than railroads to - shipbuilding by teams of 20 oxen and, as they could not be hauled or during the Winter because of the Durant Motors. East States Pw B East Util Asso cv Eisler Elec Corp. .. Elec Bond & S h8% 209 Elec B& S pf (6) Slec B&S cm pf(5). Elec Bnd & Sh new . ec Pw Axso A (1) Europ El Ltd A 30¢ Europ Elec deb rts. 5 1 10 1 2 Sty Federated Cpem pf 1 Florida P & L pf(7) 26s Ford Motor Can A. 37 General Aviation. . Gn E Lt ret p38 3-5¢ Gen Fireproof (1).. Glen Alden Coal(4) Globe Undwr(p40c) Golden Center Goldfield Consol . Goldman Sachs Gotham Knitback.. 1 GtA&P T nv,t6%.. 108 Grief Br Coop A 1.8( 258 GuifOflofPa.... 8 Hackmelster Lind. Hecla Mining (40¢) Holling Gold t70c.. Hudson Bay Min... Humble Oil (2) ro Elec S Il P &L pf (8) Imp Oil of Can 50c. Indiana Pipe L (1). Ind Terr 111 Oil B. . Indus Finance pf Insull I Insurance Sec. Intercont Pete..... Int Hy ELS ¢ pf 33 25 Int Petrol (1)..... 5 ur CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, February 23.—The fol- lowing is a summary of important cor- poration news prepared by the Stand- ard Statistics Co., Inc. New York, for the Associateq Press. Weekly News Trend. Many factors caused stock prices to rise last week. The development hav- ing the most direct effect was the an- nouncement by the New York Stock Exchange that after April 1 stocks held for customers could not be loaned without specific written consent of those customers. Contributing influ- ences were the lowering of the Bank of England rate from 6 per cent to § per cent, reduction in currency in cir- culation by $17,000,000, increase of $13,000,000 in brokers' loans, the first in 23 weeks, and proposed tax measures to balance the national budget. . Trade Factors. During the early part of the week bond prices continued the advance in- augurated by introduction of the bill to amend the Federal Reserve act. However, toward the latter part of the week this was followed by a slackening in pace and partial reactions. proposal to sell Government bonds in small denominations and the taxation measures designed to balance the na- tional budget, both contributed to the improvement in the Government bond market. Railroad bonds, particularly the second grade, were serong. while the municipal market seems to have di- gested the rather heavy recent offerings of short-dated obligations. Although automobile production in- creased during the week ended February 20, the upturn was flmfiy less than the normal seasonal .~ According to Cram’s automotive reports, actual output totaled 33,764 cars and trucks, which compares with 32,726 units in the previous week and 50,895 units in the corresponding week of last year. Most of the increase was in the low-priced field, with both Ford and Chevrolet showing higher figures. Although steel operations, currently at about 265 per cent of capacity, have not shown any recent pronounced im- provement, sentiment in the trade has not been so definitely optimistic since early last Fall Announcementof re- sumption of large scale production by Ford and the influence of anti-defla- ruary 6. The inorease of 13589 cars was more than 2. 750 vs. net income $36,138, equal to 18 cents a preferred share. after rain | Rapid Transit; involves 181 signals, 320 | track eircuits, 171 electric metor train wretched roads, a load sometimes took stops and 658 contr several years to reach the coast. | Long ILicmprBé " | Ohio Copper. . # | Byan Consolidaisd . s | Stand Ofl Ky (1.6 1g | SWift & Co (2) FINANCIAL. Stock and Sale— Dividend Rate. Add 00. High. Low. Close. 1 1w 1% 1 Int Util B. Interstate Equities Interstate Equi ¢ pi Irving Air Ch (50¢) Italian Superpw A. 1tal Superpw db rts Lake Bhore M (2).. Lefcourt Rpf (3).. Leh Coal & N (1).. Leonard Oil. Lone Star G n 88c. . 7 2 1 12 ™ FeEReemn womnom— 25 e Magdalena 8yn.... Marconi I M p#7.1c. Margay Marion § Mavis Bottling Mexico-Ohio Iil Mid Sta Pet vtc Mid West Util b8 % Mo Kans Pipe L. Natl Aviation. . ... B B e Natl Fuel (1).. Natl Invest war. .. Natl Pw&Lt pf (6). 1608 Nat 8 T Sec A 1602, 1 Natl Sugar NJ (2). 2 Nehl Corp.... . 1 New Eng Pw pf (8) 30s Newmont Mining.. 4 11% NY Telpf (8%5)...1508118% Niagara H Pw(4nc) 15 Niag HPw A wr... 14 Niag Sh Md (20c) Nipissing. .. Nitrate Chil North Am Util Sec. Ban Frrwefe? - Fo"Frrwa s} » = £ F Pac G&E 1st pf 1% Pantepec Of1 Paramount Motors Pennroad (40c).... Penn W & Pw (3) Phoenix Sec Pilot Radio Tube A Ploneer Gold (12c). Plymouth Oil ps0c. Premier Gold (12¢) Pub Util HId wa; Pub Util Hid x w. . Republic Gas.. ... o Zwe FELF » - 2 g e 40 BB R SR b s PR - sswsF R E R R St Regis Paper. ... Salt Creek Prod (1) Segal Lock & Hrd. . Belected Ind. ... Sentry Saf Control. Shenandoah Corp. . Shenandoah pf. Slerra Pac El pt Singer Mfg (8). Smith (A 0) Southland Roy 20, 80 West Gas Util. . Stand Ol Ind (1). .. )e Stand Oil Nebr (2)., Stand Pw & Lt (2). Stand PAL B (2)... Stuts Motor Car Sunray Oil. . Bwift Intl (14) Swins Am El pf (6). 50; v Technicolor.. .. Todd Shipyard (2 Trans Air Trans Un Gas Can (1). United Corp war. United Founders. United G United Gas war. ... United Gas pf (7). . United L&P A (1).. US Elec Pw ww... U8 Foll B (50¢). .. US&IntiSec..... United Verde Ex 1. Util P&L (510%).. Utjl P&L B ot b10% Utllity Equities, .. D000 @it i 30 00O B e O - PSS Van Camp Pack. ... < te. o o =D Se e DI d * golhrs. oy ST M tinbartil iR e Wt 3% in X, it year net equaled about 30 comm, cents a on | Sal National short.term securities com- mon share earnings, 31, 1932, 58 cents "Yu';‘:?ded e Penney (J. C.) Co. 193 Candy Stores 1931 defioit Atlas Olass 190 caimmon 1 3o v 'sss2 ¥ o alire ountain & Pacific share earnings ess V8. Dual savings about $188,000. Fiat directors voted to omit divi- dend for 1931; paid 18 lire for 1930. Tobacco & Allied Stocks liquidating value December 31, 1931, $34.03 a com- mon share vs. $43.81 December 31, 1930, Alpha Portland Cement 1931 deflcit $778,951 vs. net income $1,248,353; equal to $1.56 & common share. American Metal Co., Ltd., 1931 deficit $615.909 vs. net income $1,827,579; equal to $1.63 & common share. Curtiss-Wright ition—Turkish ‘The | B0Vernment orders 2¢ planes from com- pany; reported negotiating for sale of Cuban_affliate to Pan-American Air- ways, Inc. General Bronze 1931 deficit $559,968 vs. deficit $969,299. Motor Wheel Corporation 1931 deficit 8572311 vs. net income $986,751; equal to $1.17 & common share. IRREGULAR MARKETS EXPECTED BY TRADERS Specisl Dispatch to The Star. y. Prices have had & good rally from their January lows. There are likely to be further dividend redlg_‘t:lonl -nrd‘t coropration covering :fi ri:;u. mmuumg off ing up the automobile ish factors. how far the Cotton Exchange Seat Sold. NEW YORK, February 23 ().—The York Cotton Exchange member- of George A. Garrett Dbeen o Homan J. % Y. CURB MARKET | |CURB STOCKS FIRM Received by Private Wire Direct fo The Star Office. AFTER EARLY DIPS Many Issues Recover Mos} of Ground Lost in First Two Hours. BY JOHN A. CRONE. Special Dispateh to The Star. NEW COAL ORGANIZATION PLANS BEING PUSHED Coals, Incorporated, the sales ageney Gnne of opomions i N Toek, B oW terialising rapidly. BEE, i : E fie 2 - | § 41 gaf g ¥ BONDS TO BE REDEEMED Cuyamel Pruit Securities te Be Taken Up at 104.5 With Interest. NEW YORK, Pebruary 33 (#)—The outstanding 33,200,000 first 1-0." -year cent tund e sinking gold April 1, 1840, I T Pt T - April 1, nmext, at 104}5 PARIS BOURSE PRICES. B, et = e Pive per cent loan, 100 60 een- = Fo ) ;6'?":':5 =g = SFEHT T i 3588 4 2 » ) £y 3 #gw:m » w geomee <11 gl 3eigguge 25308 - 55 3 298 I Sl sme s ur s SResar g sed xp 03 *.53 eife S2essesenge S Ed SuEY 8 229 = & FEE OV NaE W S o i £ L) e Y TS e L S Y L oo~y FEFEIT e 5 Gt B 3 B 1 0 e 0D 3 < 1 =832 = 2 2 3334 ae {14 rhaes # 5 o> g”. EEE fena e e 5!.,.3 o"" = S T F IRE FEEE S = & iaee 208! %95! X i o EEN = &5 O $egeaoey o 33 e2288 51 % S, 44 52 BA! EEECE £89° iy BB RO 3 0 1 13 1 1 1 8 1 0 AP 00t 0 0 s gggage: g FEE SR i:“ :mnmgs:::us

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