Evening Star Newspaper, February 29, 1932, Page 15

FIN ADVANCE IN BOND PRICES CONTINUES Japanese |Issues Gain on Reports of Peace Move at Shanghai. BY F. H. RICHARDSON. Bpecial Dispatch to The Btar. NEW YORK, February 29.—The bond market continued its advance today. ‘Trading was moderately active. The market had new foreign and domestic developments as factors in pushing up bond prices. On news of the peace moves made at Shanghai, Japanese government bonds ran up 3 to 4 points. The 6128 recrossed 70 and the 5%%s got above 60. Tokio 5%s, ‘Tokio Electric 6s, Taiwan 545, Yoko- hama 6s and other Japanese issues moved up proportionately. There were advances elsewhere in the list of foreign dollar bonds. Ger- man government 5!4s and Dawes repa- rations 7s were both about a point higher. Strength was shown by Italy 7s, French government 7s, Great Britain 5155 and Australian government issues. South American issues also improved, most maturities of the Argentine 6s advancing more than 2 points. Canadian exchange was firmer and with it the list of Canadian governmen$ l‘nd government-guaranteed descrip: tions. cific common on the Stock Exchange, on reports that the road may take over operation of the Canadian National, was reflected in better prices for Cani dian Pacific 4s, Canadian National ob- ligations and other Canadian bonds. In the domestic list the prime in- fluence was the approval of loans by the Reconstruction Finance Corporation to several railroads. Loans were authorized to Southern Railway, Erie, St. Louis- San Francisco, Missouri-Pacific, Nickel Plate, Chicago & Eastern Illinois, Chi~ cago & Northwestern and Alabama, ‘Tennessee & Northern, and applications were received from other carriers. Junior ,bonds of these roads rose sharply. Gains ranged from fractions in Missouri-Pacific 5s to nearly 2 points | in Nickel Plate 6s. High-grade carrier obligations, such as Atchison General 4s, Norfolk & Western 4s and Chicago, Burlington & Quincy 4s, were also strong. United States Government bonds were 15 to Y4 point higher. They have ad- vanced uniformly for more than two weeks now and have reached levels ‘where more than half of the 1931 losses have been wiped out. There has, how- ever, been no comparable response by the municipal market. One bankin; house today offered $655,000 City of Jersey City 3!, per cent gold bonds. due August 1, 1934, at 94.45, to yield 6 per cent. These bonds were purchased at a premium in February, 1831. No important Gomcgtic detaults are anticipated Tuesday, though there will undoubtedly be some new ones in the foreign list. Lima, Peru, announced that it has no money with which to y interest or sinking funds on its 5 year 6155 due Thesday. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Bid. Offer. Allis-Chalmers Co. 5s 1937, 86% 95 Co. 6s 1 881, e 10330 831y 103%2 Wat. Wks. & El 4 893 Baltimore & Ohio 4%z )l:: i3 ANCIAL. l N NEW YORK « BONDS STOCK EXCHANGE | THE ~—— EVENING STAR. WASHINGTON, B. G, MONDAY, FEBRU Rece’ved by Private Wire Direct to The Star Office UNITED STATES. (Sales are 13 $1.000) High. 2:85. Low. Lib 3148 32-47 .!0‘ 988 983 987 List43,s32-47 78 9929 27 9928 L 4th 434s33-38 H 1007 S 38 51-55. 8917 US3%hs'49. 912 v s M 41- 3 94 30 §sJ 403, 95 s 4347, 9% 56 1 9629 9629 99 31 1002 © 28 1031 10230 103 Sales. High. Abjtibl P&P 55'53. 7 38% A'leghany Cp 55 ‘44 28 331y Alleghany 5s '49 20% Alleghany 55 '50 29 Am Chain és 5. 25 AmF P5s2030.... 43 AmIGChB3%s'49. 0% Am N Gas 614842, 24 Am S&R 1st 58 '47. 891 Am Sug Ref 6s°37. 100 Am T&T cv 4?;'15 lg: d g mT&TS5s"85. . it 994 99 99 9% 9Tk 9T Am T&T c tr 68 '46. 103% 103% 103% 2 89 89% 89N 99 Ml m 94 94 21 24 29 s Us USs Us USs Us 100 105 Am T&T 5551’60, Am T&T 5%s'43 Am W Wks 58°34. . Argentine 5348 '62. Argentine May '61. Argentine 6s Ju'59. Argentine 6s Oc'59. Argentine 65 A '57. Argentine 65 B Arm & Co 4%8'39.. Arm Del 534843, .. 50 5T 50 Atchiscv 4158 '48. . AtICLel 4s'52. At Gulf 55 ‘59 | Australia 4 | Australia 58 '56. Australia 58 '57. p- | Active buying of Canadian Pa. | Austris7s4 Austria 78’57 over | B &0 433533 B&Ocvilks B&O 15t b8 '48 B&OTL A8 B & O 58 D 2000 Bk Chile 635 '61... Batav Pet 4155 ‘42 Belgium 65 55 Belgium 614 Belgium 78 '55. . Belgium 78 '56.. Bell Tel Pa bs B'4S. Bell Tell Pa 55 €'60 B Ind Loan C 6 Berlin Cy El 68 Berlin CE 63560, Beth Stl pm 58 '36. Beth StUITL 53842, Bolivia 7s '58 Bordeaux 6s '34 Bost & Me 43 Bos & Me Bos & Me 5567 Brazil 8145 '26. Brazil 6145 '27. Brazil 85 '41. Bremen 7s '35 Bk Ed gn A 58 Bklyn Elev 63s. Bklyn Man 65 '68 Bklyn Un 58 45 Bklyn Un 18t 58'50. Budapest 65 '62..... Buenos A 6s'61 Py. Buff Gen El 4145'31 Bush T Bldg 55'60. Calif Packing 58’40 Canada 4s '60 Canada 43536 e o SElmpruataio vedaet e Taanen Can Nat 434857, Can Nat Ry 413+’ 56 69 . Can Nat 55 Oct "69. Can Nor 618 db ‘46 Can Nor 7tdb"40. . Can Pac db 4s Can Pac 4%s wEzs Belding Hemingway Co, Bethiehem Steel Corp. Canadian Nor. Rw: Chi. Northwestern ek Isiand u b Cleve. Lof. 55 1033 Cotorade i Bo Ry, 4ras 1835 Commercial Credit Co. 5'zs Pelaware & Hudson Co. &5 Denver & Rio Grande 4'as Gen. Mot. Accep. Corp. 6s General Petroleum Corp. 55 General Public Service 5'25 Grand Trunk of Cansda 6s Houston E. & W. Texas 58 Humble Oil 5%s 1932.. umun . L. L “?“flfix i vll’ is R go-er ish H'! Washington Stock Exchange SALES. Lanston Monotype—7 at 61. Washington Gas 55—$500 at 100. Mergenthaler Linotype—10 at 44. AFTER CALL. Capital Traction Co—10 at 1812, 10 Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel & Tel. 4%s ‘39 Am. Tel & Tel. ctl. Anacostig & Poi. R R na & Pot. Guar. 86, & P. Tel. of Va. 55 Cepital Traction E. R, City & Suburban 5 Gepreetown Gag 1st 35 ‘otomac Elec. Cons. 5% tomac Elec. 65 1053 Alex. & hml!nn Gas 5s. Wash, Gas 6s, series A Wash. Gas 6s, series B.. Wash. Rwy. & Elec. 4 MIBCELLAI\EOUH Barber & Ross, 'ln l‘zs - Chevy Chase Club Columblia Country Cluh S W. M. Cold Storase 5s... STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9. Capital Traction Co. Light Co. (18) 20 mo Potomac Eiec_ Power. 0% Pot. Elec. Power 5iz% pfd.... Wash. Rwy. & EL Com. [ ‘Wash. Rwy. & EL pfd. (5). NATIONAL BANK. 104‘9 Columbla (13} Commercial (st Bustrict ®). -Amer. T ehiy Lincoln (10)7. 2 TRUST COMPANY. Washington Beince eopacs Bk & Ti. Union Trust (8 Wash, Loan & Trust (14) SAVINGS BANK. Sav_& Seventh Street (12). United States ( Wash: Mechanics. (20) FIRE INSURANCE. American (12). Corcoran (10) nal Union (18} TITLE INSURANCE. olumbla (6h s 7 10% oo 19 Mrsc!Ll.AnOL Bid. Asked. Barber & Ross. Inc.. com Col, Medical Bids. Corp. C. Paper Mfs. pid Dist. Natl. Sec_ pfs Emer. Bromo-Selz. “A Federal Storase pid Am."Co. com. i} k3 35 110 Mergenthaler Natl. Mige. & Inv. Eeoples Drus slous nm Est. =%8a; waTRRRY col Bl Corp: ) vd. & Lothrop. com. Wawd. £ Tothrop pid. (7). *Ex-dividend closed. 388558, ..:::z::s:s' g Can Pac 58 '54. Car Clin & O 55 '38. Cent Pac 48 '49. Cent Pac 58 '60. Cert-tddb5%s Ches Corp 58°47. CB& Q48" C&O4%sB'95. CB&Q 111 dv 48'49 Chi & Est 111 52'51. Chi Grt West 4s'59 MranCena wwRmam— Chi M & St P 4s'89. C M StP&P 5875 C M & St P adj bs. . Chi&NW 4%s 2037. C&NW 4348 C 2037, Chi & NWen 4% Chi Rwys 58'27..... Chi RI&P rf 48°34. ChiRIXP 4%s'52 Chi RIcv 434560 Chi Un Sta 6%’ Chile 656 Chile 65’61 Chile 6563, . Chile Cop db 58 '47. CinUnTrust 55 2020 CCC&SLL 4%s E'T7 Clev Term 4%8'77 Clev Term 5%s '72. Colomb 6 Jan '61.. Colomb 65 '61 Oct. . Colon Oil 6s'38. ... Colo & Sou 4%8 '35, Col G&E 55 May'52. Col G&E cou 58 '61. C CMd st rf 58'50. Con G NY 43%s'51. Con G NY 5%s'45 Con Pwr Jap 6% Con Pow Japan 7 Consum Pow 58 '52. Copenhag 55 °52. Cuba 5% 45 Cuba RR rf T%s ‘36 Cuba Nor 5% '42.. Del & Hud rf 45'34. Del Pwré&L 433871, = ... ar uqum:mn.l‘. 80% 20% 92% lN'e 104 e DN AR N 396 5500 5 0010 08 01 00 M 08 b 0 e RS Denmark 5% " Denmark 6s " D&RG W 5s Det Edison rf 55'48. Dodge Br cl 63 '40.. Duquesne 4% s '67. Dutch East 16s'47. Dutch East I 6s'62. Erie 1st con 45 '96. Frie con 4s A 53 Erie conv 4s B Erle gen 48 Erie cv TS 3 9 —anwS FaeShe Finland 5 Finland 635 31y 115% 115% 115% 1161 116 116% 37 36k 364 5615 55 564 101% 1003, 101 312 3% 3R Gelsenk'hen 51 Gen Cable Gen Motors 6s Gen Th Eq 68 German 5148 '6 German BK 6 Ger Cen Bk 6 Ger Cen Bk 6560 0 German 7s rep 49 German Bank 7s'5/ Goodrich cv 68 ‘ . Good 1st 6148747, Goodyr Rub 58'57.. GrandTr st db 6536 Grand Trunk 7440. | Grt Nor gn 5% s Grt Nor gn 75 ‘36. . Hud & M adj 58 '57 Hud & Mt 58 Humble O 5% '32. 111 Bell Tell 55 °5 111 Cent rf 4s 11l Cent 4% 111 Cent 58 : 111 Cent 65 '36. 111 Steel 4155 '40. .. Inland St 435 A'T8 Inland St 4135 B'S1 11l CCStL&N 4338 . 111 CCSUL&N 55 A Int Rap Tr 68 '66. Int Rap Tr sta '66 Int Rap Tr Int Rap Tr 60 B, 8B3a, 100 1001y 99% 83%, 100% Bharwe? Sem @ Lwmwo s Int Hydro El 6s 'M Int M Co s ret '41. Int Match 58'47. .. Int Pap 55 A Int Pap 6s IntT&T4%s"52.. Int T&T cv 4%8'39. Int T &T 68’55, ey, onlunAshasen » Irish Free St 5560 Italy 7s'51. Italy Pub 8 Japanese 5148 '65. . Japanese 6148 '54. . Jugosl Bnk 7s Kan C F1S&M 4536 Kan City Sou 3850, Kan City Ter 4s'60. Kan G&FE 415 '80. Karstadt 6s°43 Kreug & Toll 55'59. LacGStLs'34.. Lacleds 518 C'53. . Laclede 535 D '60. Lautaro Nit 65°54. Lig & Myers 55 '51. Lig & Myers 7s '44. Loew's 65 ex w'41. Lorillard 7s’44.... | o :» 2 Brwn o e seaalizSowe RaBomnnSones N 5sB 2003, McKes & R5% . Manh Ry 1st 4590, Man Ry 2d 48 201 Marseille 68 ‘34 Midvale Stl 5- 36.. Mo Pac 58 H 'S0, Mo Pac rf il Mo Pas ; Mobile-Ohio 5s '38. Mont Pow 5s Mor&Co 1st 4%48'39 Nassau Elec 4’51, t Dairy 53 8°48. . t Steel 58 '56 Netherlands 6s ‘72, N Y Cent db 4834, N Y Cent 43532013, N Y Crf 43652013, N Y Crt im 58 2013 N Y Fd 1st 634841, EL H&EP 4549 ELH&P 35 Y NH&H 4%5 67, H&H cd 6x'48. Rys Inc 65 '65. N Y Tel 4348°39. Nord 615 '50. \nr( South 5s I 563, NorOT&L 6a'47. or Pac 58 D 2047.. Nor Pacr i 68 2047, Nor 8t Pw 58 A "41. Nor St Pw 6s B "41. Norway 5s'63 Norway s "44 Ore Sh L 55 gtd '46. Oreg-Wash 4= 61 Orlent Dev 53 8'58., Orfent Dev 68 '53... Pac G&E 5s'42. Pac T&T 1st 58 Pah Am Pet 6s ‘34. Paris-Ly M 6s'58. . Paris-Ly M 7s'58. . Paris-Or 534868 Penn 4%s D '81 Penn cv 435 '80. Penn gn 4%8°65. Penn 4%s°70. Penn 58'64. Penn gen 55 '68 Penn 6155 '3 Penn P&L 4348 ‘81, Peoples Gas 58 Peor & E 1st 4 Pere M 1st 45 '56. Pere Mar 435 60, Pere M 1st 58'56. .. Peru 6560 P Phila Co bs Phila Elec 48 71... Phila & Read 68’49 Phillip Pet 5% s '39 Pillsb F M 68'43... Poland 6s '40. Poland 78 '47. Poland 8s '50. BenaBRSemwtanmenasnoananBove Babe norwnamoe ool ~aSnnn D - T P U UPG I ol P Porto Alegre 8s'61. Por RAm T 6s'42. Pos Tel & C 55 '53... Prussia 6s ‘52 Public Serv 4s'71.. Pub Sv G 415867 Pub Sy G 4% Pure Oi15%s '37 Queensland 65 '47. . Queensland 7s *41.. Read gn 4%s A ‘97, Rem Arms 68 A '37. Rem R5148 A7 Rhine West 6s'52. . Rhine West 6s '53. . Rhine West 6555 . Rhine West 7s'50. . Rio de Jan 8346 . Roy D 4545 ww... StL IM R&G 48'23. St L&SF in 4s A StL&SF4%s'T Sea All Fla 65A '35. Sao Pau 7s"40 ry Saxon PW 61 Saxon 78'45....... Seab A L 4sst’50.. Serbs-Cr-S1 786 Serbs-Cr-8l 8s Shell Un Ol 5 Shell Un O1l 55 "4 Shinyetsu 638 '52. Sinclair O11 634 %3 8inc O 7s cv A'3T Sinc Cr 0 5%s8°38. . Solssons 64 '36 Sou Bell T&T 5841 SW Bell T 58 A . Sou Pac ref 48" Sou Pac 4158 '68. ... Sou P 41569 ww. Sou Pac 4155 '81 Sou P&Or 4= Sou Ry gn 4556 . Sou Ry 58 '94 N = s Buslasvcasmraasnenesiriscealaaa Swiss 534846, Taiwan E P 5%s'71 Tenn EL P 6s A '4T. Tex & Ark 514 Texas Corp Tex &P 5s D '80. Third Av adj 58 '60. Toho El Pw 6s'32.. Tokio 5155 61. . ... Tokio El Lt 65 '53. Un Pac 1st 4847 Un Pac 45’68 : Un Pac rf 4s 2003.. Unit Drg cv 58 '53 Utd King 5%8'37... T S Rub 18t 58 '47.., 4 47 Urugu: Uruguay 8s'46.. Utah P& L Ttil Pw 5s " . Util Pow 5%s'47.. Vienna 6s'52...... VaRy A‘Pwh’ll Wabash 24 ‘Walworth 68 A " ‘Warn Br Pic 6«' ‘Warner Sug 7s '41. Warsaw 7s 'l 3 West El db West Md 45752 ‘West Pac 55" . West Union 5 '51. ‘West Union 55 '60. West Un 64836 Wil & Co 1st 6s'4 Yokohama 6s Ygstn S&T 5s AT8] 15 Ygstn S&T 58 B'70. 11 High. Low. 72ty 88 mn 63 724 district_courts in injunctive | where an efficient remedy 'POWER RATE BILL WINNING SUPPORT Johnson Measure Would De-| prive Federal Courts of Jurisdiction. BY GEORGE E. DOYING. The State commissions which regu- late public utilities are attempting to mass _their forces behind a bill intro- duced by Senator Hiram Johnson of California designed to deprive Federal district courts of their jurisdiction in rate cases, it was disclosed here today. The movement is being conducted by Charles M. Thomas, who consti- tutes the one-man commission of the State of Oregon, the only one of the {kind in the United States. Mr. Thomas has advised the Oregon members of Congress that “‘unless utili- ties forego the sanctuary of the Fede ed- ings and voluntarily submit to the jurisdiction of the State courts for the determination of their rights, the State of Oregon will be compelled to go to public_ownership." "Unless relief can be had and juris- diction removed and canceled as to lower Federal courts,” he said, “regu- lation is a failure.” Senator Johnson's bill would deprive the district courts of jurisdiction to | enjoin, suspend or restrain the enforce. ment of any order of an administrative board or commission of a State where jurisdiction is based solely upon ground of diversity of citizenship or the repugnance of such order to the Con- stitution of the United States. and v be had in_the State courts Many of the State commissioners. mainly in the West and South, hav declared themselves in favor of the legislation. Their expressions led Mr. Thomas to assert that they had “de- veloped an amazing situation in that it appears to be practically agreed among the commissions that regulation cannot continue unless the proposed legisla- tion is procured.” A member of the New Jersey Com- mission, however, while agreeing that “the situation has become intolerable,” does not agree with the remedy sug- gested for its correction. The com. ment from this State was that the remedy is entirely one of procedure, and that a method should be adopted whereby the Federal Court should re- ceive the entire record made before the commission (Copyright, 1932.) New York Cotton 8pecial Dispatch to The Star. NEW YORK, February 29.—Cotton prices were 5 to 7 points lower at the opening of the market today. Foreign buyers were in the market, but con- fined their purchases to scale-down or- ders. Openlng prlres were March, 6.27, off 5 July, 7.17, off 6; O(‘- lobfl' 737 Ofl 6 D?((‘mber 7.53, off 7 and January, 7.59. off 7. SALES OF U. S. GOODS IN MEXICO ON INCREASE By the Assoclated Press An increased demand for American goods in Mexico is seen by the Com- merce Department in the return of more than 11,000 Mexican citizens in 1931. It is pointed out that each of these persons returning to Mexico took with him a knowledge of American merchandise, thus creating a potential increase in the demand for American goods “Many of these returned emigrants bring with them children born and reared in the United States,” the de- partment said. “These children, as well as their parents, have absorbed new ideas and new ideals. They also bring household belongings and, in many in- stances, agricultural equipment, farm animals and a knowledge of modern agriculture greater than they possessed when they left for the United States.” Thus, the department feels, their pres- ence in Mexico will assiWin creating a demand among their associates for many items not now general use among Mexicans. INVESTMEN:I' TRUSTS NEW YORK, February 29 (#).—Over- the-counter market. A B C Tr sh A Gen Se in Bid. Asked 417 e Al & Pac pi Bancamerica Bankers Nat In Bansicilla Corp Basic Industr Chartered ot x Inv helsea Exch A Corporate Trus Corporate Trus Corporate oste Diversified Tr A Diversified Tr B Diversified Tr C Diversified Tr D Equity Invest Cony Eauity Trust Shrs Five-vear Fixed Pixed Trust Sh Fixed Trust Sh EBund Tr Shrs 4 Pund Tr Shrs B Sipdeer Fos Gude Winm Huron Hold Incorp Investor Independ Tr Leaders of In Leaders of Low-priced Major Corp Shrs Mass Invest Tr Mutual Inv Tr A Mutual Manage Nation-wide Sec Natl Indust Shr tl Tr Oil Shares units. .. . Old Cu} Inv Tr Repres T: Second Int Sec A Second Int Sec B Sec Int Sec § Secur Corp of t Shrs of Am Trustee Stand Iny Trustee Stand Inv Trustee St Oil A Trustee S Oll ‘Shri the | 0 HIGHER LEVELS Utilities and Oils Show Small Net Gains in Quiet Market. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, February 29.—Prices |on the curb exchange maintained their | early upward trend today, withou bringing about any important increase in_deaiings Electric Bond & Share was up slight- ly as Cities Service moved minutely in the oppesite direction. Standard Oil of ! Indiana, after two hours of backing and filling, showed a net gain of . Ford Motor, Ltd., though active, was un- changed. Woolworth, Ltd., featured the fore- noon session in point of volume. With blocks of 2,200, 1,400 and 1,000 shares, not to mention nus is 100 and 200 shere lots, changing hands, the stock rose fractionally to a new high for the year. London cables at midday quoted } J. Pearly. secretary of the company, as denying the reports circulated in the | British capital that Woolworth would acquire Marks & Spencer, National Container Corporation com- mon attracted attention by a string of bids and offers, They began with bids of 5!y and offers of 9. The latter fig- ure, however, quickly went to 6. Bafety Car Heating & Lighting, a specialty is- sue, whose business will improve with any rail betterment, resumed its rise and crossed into new high territory. Aluminum Co. of America netted an | advance of nearly 4 points. Corroon & { Reynolds preferred jumped 2': points. Gulf Oil of Pennsylvania rose 13, Parker Rustproof resumed its forward movement. Perfect Circle was slow to respond to 1931 earnings of $5.55 a share, which contrast with $3.74 a share in_1930. With the exception of the activity in Ford Motor, Ltd., and the trifilng appreciation in Ford Motor of Canada A, trading in the motor group during the first two hours was featureless. Shortly after midday, however, Ford Motor of Canada B shares opened at 24';, up 4': points, and sustained strength appeared in Stutz Motors. H H. Franklin Manufacturing preferred, which dropped 27 points Saturday, was inactive during this movement. Prospects of lower red metal quota- tions before any definite improvement takes place caused copper shares, like Newmont Mining, to seek lower levels. Pipe lines, such as Northern Pipe new and New York Transit new, eased, but Missouri-Kansas, a natural gas carrier, somewhat firmer. National Tran: ex-dividend today, made up its cor mon payment. A new low reached oy Lone Star Gas, along with unusual ac- tivity in United Gas warrants, were the outstanding events in the natural gas division. e FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) CURB ISSUES MOVE | | Stocks Received by Private Wire in 100-share lots except these desigmated by letter 5. Stock and Sale— Dividend Rate. Add. n pnn Agfa Ansco. .. 2% Aluminum of Amer 1900-52 Aluminum Ltd. ... . Am Cities P& L B. Am Com Aleo. Am Comwith Pw Am Cor ‘Am Cyanamid B. ‘Am Equitle Am Founde Am Gas & El (31).. Am InvestB... Am Laundry M (2) 25- Am Maize (2)..... Am Superpower. Am Super 1st pt(6) Am Util & Gen B. . Appalach Gas wr. . Arcturus Radio T.. Arkansas Nt G A. ATk P& L pf (7)... AsSOG&EAD%. Atlas Utilities. ... 2% P 20 24 1% b 2% W 1285835 a3 Blue Rodge p ) Brazil Tr L&l" m. Brit Celanese rct Buff N&E pf (1.60). [ Tan Marconi. Celanese pf (7). Celanese 1st pf. CentPbS A (hs'w Cent States Elec. Chain Stores Stk Cities Serv (g30c). Cittes Sve pt (6) Claude Neon Lts Colombia Synd. Col G & Col Ol & Comwth Eaison (8) 758 10615 Comwlth & Sou war s Balt 3.60. Consol O1l Corp. Cord Corp. Corroon & Rey pf A Cosden O, Creole Petroleum. . Cresson Cons Crown Cork Intl A Cusl Mexicana Min Dayton Alr & Eng. Deere & Co. .. De Forest Radlo. .. Derby Oll & R pf.. Durant Motors. East States Pw A Elsler Elec Corp. . Elec Bond & S b6% 10 Elec B & S pf (6). Elec B&S cm n'(fi). El Bond & Shn w.i. Elec Pw Asso A (1) Elec P & L op war. Evans Wall Lead Falcon Lead. Ford Motor Can A. Ford Motor Can B. 75s Ford M Ltd pi%e. 13 Gn E Lt ret p36 3-5¢ 1 Gen Pub Sve pf (6). 208 Gen Theat Eq cvpf. 61 Glen Alden Coal(4) 13 Golden Center. 4 Goldman Sachs. 8 24 Gorham Inc pf.... 1008 81y GtA&PTnv 6% . 20- 147 Guif Oil of Pa 20% Hackmeister Lind. Hecla Mining (40¢) 221 121, 1% 223 244 LY T 50 3 10% N Nominal gold Selling checks 3 to London, pound R lir Zurich, fra Athens. dra Madrid, “pescta. . Vienna, schilling. Budapest, Pengo. Prague. crown (nom.) Warsaw, zloty Copenhagen, Oslo, crown Stockholm Montreal, crown. . crown 1%, discount. BONDS. o HiEh < El Boston 55 Dist E] 55 ‘52 ntacics D1 58 G & C 55 Cifie Bwok Lo hn O Ed 5'.s B '59 76% 7 O Ed 65 50 xw n WEP 415 B 68 Bfi’ P 3 » | siderably Helena Rubinstein. Humble Oil (2).... Hydro Elec Secur. Tmp Ofl of Can 50c. Indiana Pipe L (1). Insull Inv. . Intercont Pe Int Petrol (1)..... Int Ut A. Int Util B. Interstate Equities Interstate Equi ¢ p! Interst Pw Del pf 7 Ital Superpw db rts Lefcourt R pf (3).. Leh Coal &N (1).. Lone Star G n 88c Long Isl Lt pf (7). Louisiana L & Ex. Magdalena Syn. Marc I M p! Margay. Mass Util Asso. Low. Close | 48y | N C1 N. Y. CURB MARKET Direct to The Star Office. Sale Add 00. High. Low. Close. 508 19% 19% 19% Stock and Dividend Rate. | Mass Util ev pf 2 Mavis Bottling A. . Mead Johnson t3 . Mid Sta Pet vic A. . Mid West Util b8 % | Mo Kans Pipe L. .. Mountain Prod 80c 5 Natl America; s tl Baneservice. . t1 Fuel Gas (1) . At Dairy Prod A Natl Investors. ... tl Pw&Lt pf () lEO- 65 tl Rubber Mch.. 2 2 Nat ST Sec A t60c. 4 tSugar NJ (2). 1 | B N bl R 1 58w 534 53t 2 % PYRE 1 2% w Eng P p {6) 1808 sn w Haven Clock. wmont Mining. . 3 ]l . Y Telpf (815)... 12881124 Y Transit ne 2 8% agara H Pw(40c) 29 ag HPw A wr... 11 Niag Sh Md (20c).. 4 Niles B Pond (1). Nordon T.td. 5 32 | Northern -np- Line 1 1 rih 8 Pw 2 50s } Pac GKE1stpt11, | Pacit Tin (spei) | Pacifi West Oil. | Parke Davis(t110) 5 Pennroad (40¢). | .| Penn W & Pw (3). Pilot Radic Tube A Ploneér Gold (12¢) Plymouth Ofl k25 Pitney Bowes h{" " Pitts Plate G1 (1).. Premier Gold (12¢) Prudential Inv pf 6. Pub Sve N 1l pf 6. . 5 P S No 11l no pr (8) Pub Ut Hold em pf Pure Oil pf (6) . 30! Quaker Oats (1) 101 Reliance Intl A B Rellance Manage. . Republic Gas. . . wekland L& 90¢ Safety Car H & Lt St Anthony (.n‘d St Regis Pa Salt Crack Trod (1) Seahoard Util (28¢) Secur Allied (1). .. 8egal Lock & Hrd. . Selected Ind. South Penn Ol (1) Southern Corp South Nat Gas Southwn G&E pf 7 Stand Invest cm pf. 50s Stand Oil Ind (1).. Stand Ofl Ky (1.60). Stand P&L B (2). Stand Silver & Ld. Stutz Motor Car. Swift & Co (2) Swift Intl (14) Technicolor. Tech Hughes ¥ Texon Ol & Ld - Tobacco Prod Del. Tubize Chatel B. .. United Corp war United Gas United Gas pf (7 United L&P A (l). . U 8 Elec Pw ww US&Inti1stpf. .. United Verde Ex 1. Util P&L (b10%). . Util PRL B ct b10% Util Equities pf 5% 50 Util & Ind RLlig... Venesuela Pete. Walker (H) 25c. Wenden Copper. Willlams R C (70c) Wiwrth Ltd 23 3-5¢. 103 “Y"Oll&Gas...... 4 Dividend rates in dollars based on quarterly " of semi-annual diyidend. JPartly exira, Bere o mk .?n “f.:?y‘.':mno Grain Market By the Associated Press. CHICAGO, February 20.—Contrast- ing with securities, grain prices went downward early today. Lower quota- tions on wheat at Liverpool owing to enlarged lu?uu in Great Britgin had a bearish e Opening unchanged to % off, Chicago wheat futures subsequently receded all around. Corn started at a shade de- cline to %3a% advance and afterward sagged. Hopes of improved demand for North American wheat tended to curb set- backs in the market here. check on declines was that prices were s0 low few speculators apparently saw much incentive to sell. The fact that monthly unofficial domestic crop sum- maries were due tomorrow tended further to make traders temporarily reluctant to enter into new commit- ments. Cables reported that as a result of heavy arrivals stocks of wheat and flour at Liverpool had increased 600,000 bushels this week. A sudden cold wave overspreading luropenn continental countries gave promise of larger pur- chases by importers in various direc- tions. Meanwhile, the amount of wheat on ocean passage was almost the same both as a week ago and at this time last year. Corn and oats followed wheat. Provisions were steadied by upturns in hog values. Business Notes NEW YORK, February 29.—The February volume of business closed by local men’s wear stores, excepting one or two large organizations, fell con- below the corresponding month of last year, according to ex- ecutives' reports. One of the principal exceptions was said to be an important | chain organization, which by l.nlmtve promotion was able to increase it dollar volume by nearly 25 per cent. Exporters are more concerned over foreign exchange problems than their inability to extend long term credits to foreign buyers, according to information supplied to the American Manufacturers Export Association by producers in a wide variety of industrial lines. In answer to a questionnaire, a majority of the manufacturers said that foreign exchange was proving more of an obstacle to foreign sales activities than any other one factor. Tt is reported that several well estab- lished luggage manufacturers have Joined forces to correct abuses in the credit situation growing out of the numerous reorganizations and bank- ruptcies affecting certain dealers and smeller manufacturers. 6 Ger Cons Mun 6s 3Ger Cons Mun Ts '4 1 Ham ES&U 5'us C 1Lima Cy Per 6'ys ' b Wk 5 s s 3 228Y.885L888 FEEEE TEE s ww—With warrans. xw—Without warrunts. POTATO XABKET CHICAGO, Pebruny 20 () (United States Department of Agriculture). — Potatoes, 184 carloads! on track, 296; total United States shipments Satur- day, 1,130; Sunday, 23; about steady, trading fair; sacked, fer hundredweight, Wisconsin round whites, No. 1, mostly 75; few, 80; unclassified, few sales, 70; Michigan Russet Rurals, 75a77%; few, 80; Nebraska m“‘?&‘l: 1.05a1.15, ac- cording to 8 0 Russets, 1.30a 1.45; few hllh&l’ PARIS BOURSE PRICES. PARIS, February 29 (#)- cent rentes, 79 francs 25 centimes. Five per mzmmmumm Exchange on London, 88 francs 61 centimes. The dollar was quoted at 25 francs 42 centimes. Another | %4, Washington Produce Butter—One-pound prints, 26; tub, 25. Eggs—Hennery, 14; current receipts, 13. Poultry, alive—Turkeys, old 15a18; young toms and hens, chickens, 3 pounds and over, 23aZ3; 2 to 2% pounds, 21a22; brotlers, 23a24; Leghorn broilers, 20; hens, large, 16a18; small, 16a18 horn hens, ' 14a15; capons, large, 1 ; small, 20a23; slips, 18; mnt:n 10; keats, young, 45a50; Poultry, dressed—Turkeys, old tome, 18a21; young toms and, hens, chickens, 3 pounds and over, 2 to 2% pounds, 28’: brolles luhorn broilers, 24a25; g 9a21; small, 19a20; Leghorn hens, pons, hrn. 27a29; small, 3828 ps, 21; roouum 13; keats, u"fi‘i'ggerowpflm 13; good, g 12; lamb, top, 16; good, 15; veal, top, 15; good, 14; pork loins, 11: fresh hams, 13; smoked hams, 16; ltrip bacon, 16; l.l;d package, 7i; bulk, 7; compound, . Fruits—Strawberries, pints, 25; quarts, 45; les, bushel baskets, .50a2.50; oranges, 3.00a4.00; lemons, 4.00a4.50; grape- fruit, 2.25a2.50; honeydem. Chlle, 2.2582.50; pears, 3.50a4.: vnn, 3.00; pineapples, 400 toms, 20222; hot houu 1.00; plums, 1. 75!200 nec- tarines, 2.50; 3.00. Vegeublu—?outoec, Mline. 100- pound sacks, 125; New York, 1.15; Idaho bakers, 2.40; new, bushel, 150a .25; limas, 3.75a4.25; peas, 7.50; lettuce, TIcebe: 3.0023.50; cucumbers, 2-dozen containers, celery, 2.50a3.00; tomatoes, repacks, 2.2582. 535 n"lf m spinach, home- grown, 75a 1.50; eggplants, | 3.00; beets, 2.50a3.00; 54 cal peppers, 3.2583.50; Spring on- . onions, 50- pound sacks, 200a2.25; Spanish, 4.00; mushrooms, 75a90; turnips, bunches, crates, 2.00. ARUNDEL CORPORATION. BALTIMORE, February 29 (Spe- cial) —The Arundel Corporation earned nfl Incvme in January of $115,866.28, xtmltely 23'; cents per share on 1 shares of common stock ouuundl.n‘ This compares with $138.- 759 earned in January, 1931, making a reduction of only $22,893 and com- within $6,000 of the dividend re- qu! nu for the month. ‘The company’s current asset position is emu:nt Frank A. Furst, chairman of the board, stated, with a total of $3,573,019, as against current liabilities of only $502,000. EARNINGS REPORTED. YORK, February 29 (#).—The Fuel & Iron Co. reports a net uu!m for 1931, compared net profit of uum equal to its & share in 1! §§§§?§§E§§ Ea iy B AL. . Special Disp 75a1.25; | bananas, | ]lmei. per 100, 2.00; rhubarb, | ;.15' sweets, 60a85; string beans, 1.75a ! 3.25; 1 A—I1S IMARKET AID SEEN IN CREDIT RELIEF et ** Securities Prices Expected to Rise Through Glass- »gall Measure. TARLES W. STORM, News Service of Wall Street tch to The Star. B Editor the g bill by * and the beginning of its provisions, a re- » upward movement in ck market is expeeted \ functions under | sumption of t¥ Lht s generel | this waek. The broadening of the Federal Rner\ he credit base of act, as providea eall measure, will in ce<hi and cregit for Tes \.Anpmn of commercial and in- ness people to banks retarded n ¥ 'Ahl be util ized to finance business bet- nt. Money aiso s expected to return from hiding places as a resuit of the im- provement i the financial standing of fnstituticrs througnout tre ublic interest in the general market At this time is'neglig:ole. This is in- dicated by the hingly small vol- ume of brok Some of the ! Lrokerage find them- selves ¢ T Woking cap- with which g. It was proved the piano industry that there is plenty of business avatlable, provided salesmen go after it in an aggressive manner, Orders for planos in past years have come in through the front door, but with the depression business fell off to a4 minimum. An intensive drive for new business was inaugurated six | months ago, with the result that those companies which participated in the drive have had the best six months’ period in years. It is argued that if .pianos can be disposed of, more necessitous articles can be sold The constructive steps taken to im- prove the economic situation by the Washington administration already are having a stimulating effect on the gen- eral bond market. Further improve- ment in the bond market probably would extend to preferred stocks and then to good common shares. (Copyright, 1932 by the North American Newspaper Aumnce Inc. EARNINGS BEPOBTEDA A nel loss of $885,270 for 1931 is shown in the annual report of the J. I. Case Co., issued today. This figure is after interest, depreciation and an ex- | traordinary charge of $1,049,000 for de- cline in the value of foreign currency assets In foreign countries to exchange rates at December 31, 1931. This com- Dpares with net profit in 1930 of $2,598.- 1 109, equal to $9.67 a share. North American Aviation, Inc. re- s | ports for 1931 net income of $301 810, against $1911,111 the preceding yes In a statement to stockholders, H l Talbott, jr. chairman of the Executive Committee, said that “net income of your company was materially effected by the initial development work on a number of contracts on Government oaders for new planes and other prod- ucts, which it is m!.lclpcud will result fitable future o] ANTI-HOARDING “BABY” BONDS U. S. TREAS. CERTIFICATES Dated Mar. 15, 1932 Due Mar. 15, 1933 2% 50 $100 $500 We Are Prepared to Take Orders for These Bonds Now WAGGAMAN, BRAWNER & CO, INC. 1700 Eye St. 6% e NOTES Met. 3860 Secured on conservatively appraised residential proper- ties. Ewvery mortgage pro- tected by fire insurance and \| title guaranteed by responsi- el ble title companies. Ed | IN DENOMINATIONS OF ‘ $250 and upwards BOSS & PHELPS Realtors 417 K St NAtional 9300 First Mortgnge Lo-nl Lowest Rates of Interest and Commission Thomas J. Fisher & Inc. COLUMBIA BUILDING ASSOCIATION PAYS 5% New Accounts Solicited No Commissions Charged for Loans Until 5:30 Gw(»-u-t Pay Days 716 11th St. N.W. Under Government Supervision