Evening Star Newspaper, March 1, 1932, Page 14

NETOF TRLEPHON COMPANYSHEAER January Figures Reveal $38,- 590 Increase Over Those of Year Ago. BY EDWARD C. STONE. Details from the Chesapeake & Po- | tomac Telephone Co.'s January report | £how a steady increase in eirnings. net income being $38.590 ahead of the first month of 1931. Some of the most in- eresting comparizons follow Jan. 1932, Jan, 1931, | operating rei” > $761.220 £805.915 ex- 544.162 530.021 Telephone enties Telephone penses . Net telephone Tevenues . operating operatin Tiass s231.208 | $53.196 4815 £261,753 Toxes ... $60.422 Uncollectible 9.408 Total deductions from op- ues $58.611 ‘otal operating income.. imser jon-operating revenues. . 173,665 37.232 Total gross income ....... 195,735 31 To deductions ' {rom &ross income ........... 2072 $Balance before dividend.. $175.023 $136.433 Washington was served by 180,217 telephones at the close of business Jan- uary 31, a net gain for the month of 951 telephones. In January telephone users in Washington made 19.575.500 calls, an increase of 2 per cent over the same month last year. The net earnings for the month were 7.2 per cent on the average plant in gervice, making the average return for the last two years 6.7 per cent, the re- port_says. Reductions _and adjustments in charges for telephone service will re- sult in savings to subscribers of $101.- 250 in 1932. a proportionate part of | which is reflected in the January earn- ings, according to General Manager John A. Remon. 2 The company's gross construction P m for the month amounted to $320,632. The greater use of the tele- phone in Washington required the serv- ices of 3,118 employes in January, an increase of 108 over the number re- quired in the same period last year. Bromo-Seltzer Earnings Higher. The report of Emerson's Bromo- Seltzer, Inc. (holding company) for year ended December 31, 1931, shows et income of $2,069.875 after expenses, ordinary taxes, interest, etc.. equivalent after dividends on the 8 per cent pre- ferred stock, to $2.77 a share on 675.- 541 combined class A and class B stock. This ccmpares with $2.064,168 or $2.75 a share on 677.890 combined class A and class B shares in 1930. The com- y had no Federal tax liability in 93 1 as dividends received are non-tax- ! ble. -Emermn's Bromo-Seltzer “A" stock has been listed on the Washington Stock Exchange for the past two or three years. It pays $2 a year dividend. The last local sale was made at 30, the present bid being 28 with 35 asked. The annual report puts it in the limited- class of stocks which earned more last year than they did in the previous year. McCrory Stores Net $991,866. The repoct of McCrory Stores Cor- poration and subsidiaries for year ended December 31, 1931, shows profit of $991,866 after depreciation, interest, ete., but before Federal taxes. There was charged against surplus account $1.304,723 provision for carrying ex- ses to December 31, 1931, on lease- Roid mot occupied by stores, now trans- ferred from property accounts. In vious year, company reported net it of 52 168,174 after charges and ederal taxes, valent after 6 per cent preferred ividends, to $4.08 a share on 457,605 combined common and class B common shares. American Stores’ Net for 1931. ‘The report of the American Stores Co., which has more than 20 stores in ‘Washington, and subsidiaries, for the year ended December 31, 1931, shows net income of $5.270.891 after deprecia- tion id Pederal taxes, equivalent to $3.76 a share on 1,399,500 no-par shares | outstanding at the end of the year. This | compared with $5930,149 or $401 on | 1,478,791 in 1930. Treasury Issue Oversubscribed. Secretary Mills announced today that ; application for the $100,000,000 91-day ‘Treasury bills to be dated March 2, | totalled $292,984,000. The highest bid made was 99.450, equivalent to an an- nual interest rate of about 2.18 per cent. The lower bid accepted, Mr. Mills said, was 99.368. Banks and trust companies through- | out the country have been asked by | the Treasury not to subscribe for amounts of anti-hoarding certificates | in excess of anticipated sales to the | public, as the selling of these certifi- | cates should not be treated as an in-| tensive drive on the part of the Gov- ernment to obtain funds. They are to be sold only to people who have hidden | their money away 2nd do not dare to put it into anything else. D. C. Exchange Trading. ‘Washington Gas 6s. series B, opened March trading on the Washington Stock Exzchnnle today, $1,000 bond selling at 10 Putnmsc Electric Power 5!, per cent preferred was strong, selling at 104, while 10 shares of Washington Gas Light stock changed hands at 90. Lanston Monotype appeared on_the board again today, a small lot selling at 63. The day's trading ended with a single share of Washington Railway & Electric preferred moving at 91. Mergenthaler Linotype has been ndded to the list of stocks now being quoted without the coming dividend. Financial District Notes. It was announced yesterday that room 1002 in the Infernal Revenue Building. at Twelfth street and Consti- tution avenue northwest, has been as- signed by the United States Bureau of Internal Revenue as an income tax unit headquarters, offering free service to the public in filling out income tax re- turns Loft, Inc. reports sales for January, 1932, of $991,852.53, an increase of $72,- $0570. or 8 per cent. The gain in customers for January, 1932, was 133,- 627, or 5, per cent New York City bank stocks recorded little change during the past week, the aggregate market value of 16 leading ues being $1.797.438,000 as of Febru- ary 27. against $1.819.598.000 on Feb- ruary 20, a declin= of 12 per cent, | according to Hoit, Rose & Troster. ADDITIONAL STOCK TAX IN EFFECT ON EXCHANGE B the Associated Press NEW YORK. March 1.—The New York Stock Exchange today took up its additional tax burden imposed by the State of New York on stock transac- tions. The new stock transfer bill, which doubles the previous tax rate of 2 cents on each share of stock sold and is de- signed to increase State revenues by $28,000,000 this year, went into effect at the opening of business today. At the new 4-cent-a-share rate Stock | Exchange transfers will bear an added | tax amounting at the 1931 business| pace to $11,535,308 annually, at the 1930 pace to $16,212,650 and at the record 1929 figure to $22.492,178. Crude 0il Price lluud PITTSBURGH, March 1 () —Lead- ing purchasing agencies today increased the of Pennsylvania grade crude oil Buckeye pipe lines 5 cents a h_maéo $1.30. Other grades gre u- Received by Private Wire Dmcl to The Star ofiu. ~Prey. 1932~ High Low. Dividend Rate 85 Abram Straus pf (7) 3% Adams Express 10% Addressograph (1) 2% Adv Rumley.... 12% Affiliated prod 1.60. . 46 Air Reduction(4%) 11% Alaska Juneau (50¢) 14 Alleghany Corp..... 214 Alleg Cp pf $30 ww 2 621 Allied Chemical (8). 713 108 Allied Chem pf (7).. 10% Allis-Chalmers(50c) 713 Alpha Port Cemt (1). 5% Am Agri Chem (Del). 1215 Am Bank Note. .. iz Am Beet Sugar. .. 5414 Am Can Co (15). 6% Am Car & Foundry 25 Am(Car & Fdy pf 413 Am Chaln 5 Am Colortype o 615 Am Comel Alcohol. . m European Secur. 8tock ena Add 00. High 98 50: " 50 3.3 OIS0t PROTOL.LL > [ETOTPIUPR IO JOUve- 91 - T P SUVOUINY - Jpa -~ e o 64 Am & For Power.... 22y Am & For Pwr pf(6). 217 Am & For Pwr pf(7). 11'; Am & For Pwr 2d f. 417y Am Home Prod 4.20.. 12 AmJce (2)..... 5 Am International.... 5% Am Locomotive. . 30% Am Locomot pf(7). 17% Am Mch & Fdy 1.40 13 Am Pwr&Lt (21). 38% AmP&Ltpf A (5) 6 Am Radiator (40c). 7% Am Rolling Mills 21% Am Safey Raz (3) 12% Am Smit & Rfz (5 s Am Solv & Chemical % Am Solv & Chem pf teel Fm\ur!ry » e e Am Tobacco (16) 6613 Am Tobacco B (16 105 Am Tobacco pf (6). 3 Am Woolen Co.... 151 Am Woolen Co pf 8% Anaconda Copper. 13 Anchor Cap (2.40) 32 Armour of Del pf(7). 1 Armourof 11l (A)... 514 Associated Dry Gds. 7% Assoclated Oil. 71 Atch To & San Fe(§) 7615 Atch To&S Fe pf(5). 254 Atl Coust Line (4)... 10 Atl Guif&West Ind. . & Atlantic Refining (1) 72‘. ‘Atlas Powder pf (6). 415 Atlas Stores (60¢). 83% Auburn Auto (f4) 13 Austin Nichols. 21, Aviation Corp (Del » Baldwin Locomot! 16'% Baldwin Loro pf. 12% Baltimore & Ohio. 4 Barnsdall Corp. Beatrice Cream (4) Beech-Nut Pkg (3).. Belding-Hemingway Bendix Aviation (1). Rest & Co (2). ... Bethlehem Steel . ... Bethlehem Stl pf (7) Bohn Alumn (1%4).. Borden Co (3)... Borg Warner (1). Boston & Maine Briggs Mfg (1). Briggs&Stratton(2 ) Brockway Mot Trk. . Bklyn-Man Tran (4). Bucyrus-Erfe....... Bucyrus-Erfe cv pf. Bullard Co Bush Terminal(2%) Butte Copper & Zin 1015 Byers (A M). "% California Packing 1% Callahan Zinc & Ld 3 Calumet & Hecla.... 10% Canadian Pacific 1% x 5% Campbell-Wyant F: 414 Capital Admin (A 26 Case (J 1) Co. 107 Caterpillar Trae ( ) 11% Cent Aguirre (1%4).. Century Rib Mills. .. Cerro de Pasco (1).. Certain-teed Prod Checker Cab Mfgr. Ches & Ohio (2%). Chesapeake Corp(3). 2% Chi Mil StP & Pac pf. 6 Chi& Northwestern. % Chi Pneu Tool. . Chi Pneu Tool pf. Chi Rock I & Pacifie. Chi RI& Pac 7% of. Chi Yellow Cab (2).. Chickasha Cotton Ofl Childs Company .. .. City Ice&Fuel (3.60) City Stores Chrysler Corp (1) Coca-Cola (A) (3). Colgate-Pal-P (2%). Collins & Alkman 9 Colonial Beacon . & Columbia G&EI(b1 % Columbia Carbon (3) Coml Credit (1) Comel Cred pf (1 Comel Cred 1st(6%). Comel Inv Trust (2). Comm Inv cv pf(e6). Comecl Inv Tr pf 6%. 4 Comm Solv (60c).... Comwlith & Sou(30c) Comwlth&Sou pf (6) Congolm Nairn (1).. Consol Flim pf (2).. Consol GasN Y (4).. Consol Laundries(1) Con RR of Cuba(2).. Consol Textile. Contl Baking (A) Contl Baking (B) Contl Baking pf (8) Contl Can (2%) Contl Motors. Contl Oil (Del). Contl Shares. Corn Products (3). 4 Crex Carpet. . Crucible Stes pt (T). Cuba Cane Products. Cuban-Am Sugar.... Cudahy Packing (4). 22 Curtis Publishing(2) 134 Curtiss Wright.... 17 Curtis Wright (A).. Delaware Lack & W . Detroit Edison (8).. Devoe & R 1st pf (7). 4 Diamond Match (1) Diamond Mtch pf 1% Dome Mines (1) ... Douglas Alrcraft (1)x on 35'3 3912 5 By % 10 B Elec Auto Lite (4) Electric Boat Elec&Musical 3 Elec Pwr& Lt (1)... 14 Elsc Pwr & Lt pf(6). 1 Elec Pwr & Lt pf(7). 250s Slec Storage Bat (3) Eng P'S pf ww (534) Equit Offce Bldg 2% Bia Fed Water Service A 20 Fid Ph Fire In(2.60). 411; First Nati Strs (’”,n “isk Rubber. 155 Fourth Nat Inv 110, Gen Asphalt (1). Gen Baking (2).... Gen Baking pf (8). 11's Gen Cable pf.... 17% Gen Electric (1.60).. 10% Gen Elec spec (60c).. 31% Gen Food Corp (3)... 1% Gen G&E A (b§ % stk) 174 Gen Gas&E cv pf(6). 31% Gen Mills (3) 19'; Gen Motors (2 8015 Gen Motors pf (5). 1112 Gen Printing Ink(2) . 44 Gen Prig Ink pf (6). 4 n Public Service. . 193 Gen Rwy Signal (3). 5% Gen Ry Signal pf (6) 12 Gen Theater Equip. . 105 Gillette Stf Raz(1) 1% Gimbel Bros. 4% Glldden Co. . 16 Gold Dust (2% 3% Goodrich (B F) 12’ Goodyear T & R 43 Goodyear ist pf (7). 74 Gotham Silk Hoslery 50% Gotham S Hpf (7).. 10s 2% Graham-Paig . 2 1 Grand Stiver Store 12 6% Grand Unlon. ... 6 208 x 156 4 10 Low. Close. Ohee. 98 4% 4 +111 R |14+ LA+ 14000 (RN ~Prev 1932+ High. 25 2% 18 25'% Stock and Bales— Low. Divicend Rate. 16'% Great Northern pf(2) 1 Grigsby Grunow.... To Hahn Dept Stores 71 Helme (GW) (17) 731 Hershey Choc (6)... 731; Hershey Choc pf t5. 515 Hollander Sons a 21; Houdaille Hershey. . 55% Household Fin pf 4.2( 164 Houston Ofl........ 3% Houston Oll (new).. 7 Hudson Motor Car Hupp Motors Ilinois Central . Ilinols Cent 11 (4). . Indust Rayon (4)... Interhoro Rap Trans « (nt Bus Machine(n§) s Int Cement (2) Int Combustion . Int Harvester (1.80), Int Hydro El1 A (e2). Int Match pf (4) . Int Nickel of Can Int Paper pf 4 Int Shoe (3). Int Silver pf (4) Int Tel & Teltklfiflc! Investors E Island Cr 157 Johns-Manville (1).. 88 Johns-Manv pf (7). 20s 75 Jones & Laugh pf(7) 10s K'mann Dpt Strs(1). 4 Kayser (J) & Co (n), 1 Kelly-Spring Tlre 10 6% l\!Hy pr T 8% 19% 19 L U 1% I8N T0% 79 7 3y 91y 284 23u 129 Kennecott Copper. . Kresze (S S) (1.60). 1 cug & Toll m 1.61. 102 rocery (1). 19 Liquid Carbonle (2). Loew's Ine (14). Loft Inc Loose-Wiles (13). Lorillard (P) (1.20). Louistana Ofl. 5 11 Ludlum Steel McCror, ores B MeGraw Hill Pub. McKeesport T P l() 4 McKesson & Robbins \h’k &Rob pf(314) 4 McLellan St pf A(6). Mack Trucks (1).... Macy(RH)& Coinl). Magma Copper(50¢c) . Mallison & Copf.... 10s 9 Manhat Elev gtd (7). 208 36' Manhat Elev mod gtd 9 16 Maracaibo Ol Exp.. 1 ine Midld (80c) . . x4389s 10% arlin-Rockwell (2) 1 10 May Dept Stores 1 !D 17% Maytag Co..... ... Maytag Co pf (3). Mesta Machine (2). iami Copper-. ... Mid Continent Pexm. Midland Steel (3). Mo Kan & Texas pf.. souri Pacific sour! Pacifie pf. Mohawk Carpet. Monsanto Chem 1% Montgomery Ward. . Motor Meter G & El. Motor Products (2). Mur Corp Nash Motors (2) Nash Chat & St L. Nat Bella Hess. Nat Biscuit (2.80) at Pwr & Lt (1), atTea (1)........ evada Con Coppel Y Alr Brake Y Central. N Y Ont & Western. N Y Steam pf (6). Noranda Mines (2).. Norf & Westn (112). North Am Aviation.. 10 Nor Amer(b10%stk) 24 North Amer pf (3). . 2 Northern Paeifle (3). 11 Nor Ger Lloyd m2.56 Ohio OI1. 15 Omnibus Corp. 8 Oppenhm Ci nlllns!l) 16% Otis Elevator (2%). 314 Otis Steel. 9% Otis Steel pr 20 Owens Il Glass (2 324 Pacific Gas & EI (2). Pacific Mills Packard Motor Car.. Paramount Publix Park Utah. ... Pathe Exchange Pathe Exchan Patino Mines Peerless Mot Penick & Ford (1 Penney (J C) (2.40). Penney (JC) pf A (6) Penn Dixie Cmt pf. . Penna Rallroad (2). Peoples Gas, Chi (8). Pere Marquette pf. . 4 Pere Marquette pr pf Petrol Corp of Am Phelps Dodge Co P’hila & Read C Piillips Petrol Plerce Oil. Pitts United Corp Port Ric Am Tnhun '3 Prairie O1l & G Prairte Pipe Line . Proct & Gamb (2.40) Producers & Refin. .. Public Sve NJ (3.40) x 1 Pullman Corp (3)... ® S rnEmmannnl aanannatwasabns Pure Ofl pf (8) s Purity Bakeries (2). 51 Radio Corp. 95 Radlo Corp 13- 5 Remington-Rand. S14 oo Motor Car: 44 Republic Steel... .. 813 Republic Steel pf.... T7s Reynolds Met (1%). Revnolds Tob B (3) Richfield Oi1 Rio Grande Oil : Royal Duteh of NY.. 10 12 408 408 13 Safeway Stores (5).. Safeway Strs pf (6). Safeway Strs pf (7). St Joseph Lead (60c). St L-San Fran pf.... St Louls Southwn. .. Schulte Retail Stores Seaboard Air Line Seaboard Ofl. Seara Roebuck (2%)’ Servel Inc Sharp & Dohme. attuck (F G) ¢ hell Trading & Tran 1008 Shell Union Oil. Stmmons Co. z nelair Consol OAl. . Sinclair Oil pt (8) elly Of1. ... ider Packing..... Socony-Vacuum (1). South Port Rico Sug. Southn Cal Ed (2)... Southern Dairies(A) Southern Pacific. ... Southern Railwa. Sparks-Withington. Spencer Kellog(80c). Spicer Mfg Stand Brands (1.20) . Stand Com Tobacca.. % Stand Gas&El pf “. Stand Gas&El pf (6). Stand Oil Calif (2).. Stand Oil of Kansas. Stand O1l N J (12)... Sterling Secur (A).. Sterling Secur cv pf. Stone & Webster (1) Studebaker Co(1.20). udebaker pf Sun Of1 (1) 3 Sun Oil pf (6). s Superior Oil. 41 Superior Steel Y Paeific Land Tr.. 13 Third Nat Inv (1.05). 7 Thompson Prod 1.20. 2% Tide Water Asso Ofl. 4 Timken-Detroit Axle 19 1% Net. Add 00. High. Low Close. Chge. Pl 40+ ~Prey 1902 Stock and High. Ls Dividend Rate. Add 00, 21 16% Timken Roller B(2). 10 5% 27y Tobacco Products 9 6% Tobacco Prod A t85c 3 6% Tob Prod Act t05c.. 8 21 Transamerica Corp.. 111 213 Tr)-Contl Corp. . 3 2 Ulen . cees 1415 Und-Ell-Fisher (2).. 27% Un Carb & Carb (2).. Un Oil of Calif(1.40) Union Pacific (10). Un Tank Car (1.60).. Unit Afreraft ¢ Unit Biscuit ( Sales— = ] MARRBARR LS DR RN Unit Cigar Unit Corp (40c) Unit Corp pf i3). Unit Electric Coal. Unit Fruit (3) Unit Gas&Tm (1.20) . 2 Unit Pi U S Indus Alcohol. ®» U S Rubber. U S Rubber 1st pf. Sverl M . United Stores (A)... United Stores pf (4). Util Pwr & Lt A (2). W 0 Sales Corp 11'3 Vanadium Corp. 834 Va Elec&Pw pf (6).. Net. High. Low. Close. Chee. | High. 20W 20 20 1 207 10:30 1:30 167% + ‘_umu 85 m Plld | ~Prev. 1933+ ble_in j Plus Bales - Net. Add 00. High. Low. Close. Chge. ValronCo& Cokpf. 205 30 30 30 -25 19% Vulcan D'tinning (2) 108 26% 26% + N avash . 1 by 1"4 “lldortS)l(l‘é) 3 17 2 -% 3 —n Stock and Low. _ Dividend Rate. 26% % Ward Baking (B)... 1 Warn Broa Pletures. 13 rrenFdy & P120 3 i Oll&Sn (1).. 1 West PaPwr pf (7). 10s 4+ Western Dairy (A) Western Dairy (B). 12% - 1% + W 105 —1% Wilcox Ofl & Ga Willys-Overland. Woolworth (2.40)... : Worthington Pump Worth Pump (B) . 5% Wrigley (Wm) (4).. %1y Yale & Towns (1) 3ls Yellow Truck. . 12% Ygstwn Sheet&Tube. lfi‘ 6% Zonite Prod Corp (1) 52 914 Sales of Stocks on New York Exchange, AM ++ 100,000 12:00 Noon. P.M. 500,000 2:10 P.M. iven in the above tabil ll ln lDltlll Dull!rl ll:t YEAr—DNO regular ri % in stock. BANK IN DEFENSE OF FOREIGN LOANS - 15a18; young toms and hens, 3 pounds and over, 2 to 2!2 pounds, 21a22; broilers, Leghorn broilers, 20; hens, large, 16al Leghorn hens, National City Monthly Survey Answers Criticism of In- vestments Abroad. BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, March 1.—Strong de- fense of foreign loans is made by the National C#y Bank of New York in its monthly survey of economic conditions. The survey shows that America's new investments abroad during the period 1923-1930 aggregated some $6,000,000,- 000 and of the foreign loans floated in the United States which are now in de- fault, a total exceeding $815.000,000 is due from South American governments. “International loens are not new in the world,” says the survey, “but have | been a legitimate and useful feature of | international reiations for long time. | They afford means by which capital is | 4 moved from countries in which it is| comparatively abundant and cheap to| countries where the economic opportu- nlties for its employment are greater. is is in the interest of world de. velopment and the use of capital wh:r it will produce the largest results. | is in the interest of society as a ‘\hole for all countries and all classes are| benefited by an increasing production of wealth wherever it may occur. “The other countries of the Western | Hemisph Latin America and Can-| ada, always have been regarded as natural fields for the stment of American capital. The Government at Washington in the past has hold a friendly attituce toward such invest- ments as tending to develop closer trade relations.” Regarding European post-war bor- rowing, the survey points out that all of these countries were in pressing need of capital or credit for the rehabflita- | tion of industry and monetary sys-| tems, to bring order out of chaos in| which they were involved and provide work and liveliheod for their people. | “The German loans have been sub- jected to more criticism than any other European loans placed in this market,' it is stated. “But of these loans sold‘ to the public in the United States, none | as yet has been reported in_default, | and, although they have suffered in| market price by reason of the pnhfltal\ situation in which Germany is involved, | therz is no reasonable warrant for call- | ing them worthless as has been freely | done.” | nml Merger Planned. NEW YORK, March 1 (#).—Follow- ing the example of New York Central, 1 Union Pacific and other large systems | controlling many subsidiary properties, | the Chicago, Rock Island & Pacific | Railway proposes to simplify its cor- porate structure by merging subsidiaries ‘ with its own organization. Eleven prop- | erties are involved, and under the uni- fication plan the road hopes to realize substantial economies in operating and fiscal costs. Stockholders will be asked to ratify the plan at the annual meet- ing on May 5. U. S. TREASURY BALANCE. The United States Treasury balance | announced today as cf close of business February 27 was $431,140,252.33. Cus- toms receipts for the month to date were $21,650,388.06. Total ordinary ex- penditures were $6,533,345.! 59 ~% Mortgage Money 5%2% Available —to loan on residential properties located in Washington and nearby Maryland and Virginia. Randall H. Hagner & Co. (Incorporated) Mortgage Loan Correspondent New York Life Insurance Co. 1321 Conn. Ave. DE. 3600 Increase Your Income By Investing In 6% 1st Mortgages —on conservatively ap- praised Properties in the District of Columbia and Maryland. Low Demominations May Be | Purchased i Fbr Furiher Paiticulars Apply EAVER BR REALTORS Washington Bldg. Di. 9486 Mortgage Loan Correspondent, Metropolitan Lite Insurance Co. | chickens, 1135 Poultry, alive—Turkeys, small, 16a18; capons, large, 14a26; small, 18; roosters, old, 25a30. Poultry, dressed—Turkeys, old toms, young toms and hens, 23a25; 3 pounds and over, pounds, 23a24; broilers, 24a25; | , Shin = hens, Leghorn hens, 18a21; chickens, 2 to 214 chhnrn brotlers, 19a21; small, 17a18; capons, large, 2T7. 23a26; slips, 21: roosters, young, 65a70; old, 30a40. Meats—Beef, e ey lamb, top, 16; good, 14; pork loins, 11a12; smoked hams, 1 lard, package, 7i; 6% 24a25; 19a20; 13; bulk, Live stock—Hogs, 3.50a4.15; roughs, 2.00a3.00; 28.00; lambs, 4.00a8.50. apj fancy 2.50a3.50; fruit, 2.00 les, bushel X _stock, lemons, 1.75a2.50; pears, 4.00a4 3.50a4.50; pears, 3.00; pineapples, 4.00; bananas, limes, per 100, 2.00; rhubarb, \hol house, 1.00; plums, 1.75a2.00; nec- 50a2.00; tarines, 2.00. Vegetables—Potatoes, Maine, pound sacks, 125: New | Idaho bakers, 2.40; new, bushel, | 1.75; sweets, 60a85; string 12.25; limas, 3.7524.25; peas, 7.50; lettuce, | Tceberg. 3.0023.5 cucumbers, celery, Butter—One-pound prints, Eggs—Hennery, 14; current receipts, 10; keats, young, 45a50; ood, 15; veal: top, 1. | . strip bacon, 1 i Dompuund heavy, 3.25a4. 00: light, 4.10a4.40; medium, 4.25a4.4( Frults——strnvsherrles pints, 24: quarts, baskets, 1.50a2.50; honeydews, DIVIDENDS DECLARED NEW YORK, March 1 (#).— Omitted. Com Wtis: Period Auiomotive Gear WKs it th1s Fime Baldwin Rubber A ..3T'2¢ Q At this time Cent Sts Fdi 7 78c At this time Faveol Sec 172 ph.175¢ @ AL this time | Rep Port Cem pf... 5178 Q At this time toms, \ Reduced. 20a22; | 22a33; | 2322 26; old Pay- Hidre. of able Apr. record. Pe- Comp: Rate. riod. SA Mar. 1 Independenice Tr Sh-dc Recular. l'” Tel of Pl 22 Mar. Strmml G m 14a15; 20a23; slips, | g & a1 Jopnson_ Stephens & (np).25¢ 6 et Cnt Wedts Strs C (np) . .25¢ 23a24; large, | i a29; Cap n'sih Mih Elr 6% of 1130 good, Mitenell n.fis- & ¢co i 3178 fresh hlms igs. | calves, 4.00 ‘w.unbm ‘Shoe Mfg P . .. Wise Mich P world Radio. . Do of .. NEW YORK BANK STOCKS NEW YORK, March 1 (#).—Over- | the-counter market: 75a1.35; oranges, grape- Chile, alligator D 0 0 PO DzEZOp © DODO LOOO OOO p O POEO 50; York, | cha ,commrml Kaul First Natl N Y Manhat Co Nacl Gty Public . beans, 1.75a 3.00; lugs, 30 pounds, 1.75a2.00; squash 1.50; carrots. 2.00a2.50; 2.5024.00: broccoli, 3.00a3 chokes, 4.50a5.00; watercress, 75; okra, radishes, per 100 bunches, 1.75a 2.00; Spring onions, 100 bunches, 2.00; onicns, 50-pound sacks, 2.00a2.25; Span- ish, 400; mushrooms, 75a90: turnips, spinach, Texas, ‘l.OOnl.lfi: Norfolk, 75a90; kale, 40a50. SILVER QUOTATIONS. NEW YORK, March 1 (#).—Bar sil- ver firm and '3 h!'her at 31, 3.00: bunches, crates, 2.00: Money on Hand to Loan on First Deed of Trust 6% Interest pflg"—"":—g__fl Interest Paid on Both Che: NATIONAL SAVINGS & TRUST COMPANY The Oldest Savings Institution in the District of Columbls Corner 15th & New York Ave. PROPERTY * Apartment House MANAGEMENT B. F. SAUL CO. 925 15th St. N.W. MORT eggpiants, 3.00; beets, 2.50a3.00; cabbage, crates, 2. A 4 STAREVENT Rl SEARS’ THURS DAY See Uednesday Stor SEARS, ROEBUCK @2/ CO. Capital and Surplus, $3,500,000.00 You Serve Your Own Interests —first, by BANKING in- stead of hoarding your cash. But such action also does public good—makes money available for general banking needs—helps relieve unem- ployment. ] Whatever the size of YOUR deposits, they'll be welcome at this strong, old bank. cking & Savings Accounts MANAGEMENT OUR Property Management organization brings a third of a century’s seasoned expe- rience to the settlement of all houses placed under our care. It's a highly efficient and profitable service we render to. owners—and for a very nomi- nal fee. ISTOCKS IRREGULAR INSMALL MARKET Advances and Declines About Evenly Divided—Short Sale Probe Watched. BY GEORGE T. HUGHES. Special Dispatch to The Star, NEW YORK. March 1.—In dull and irregular trading, with a few weak is- sues and with declines and advances about equally divided, there was, never- theless, a remarkably firm undertone in the stock market today. Volume of trading was restricted by the going into effect of the new State tax on transfers and by the higher charge inaugurated on odd lots. It was also restrained by the continued un- certainties with regard to congressional action on short selling. The exchange's Committee on Business Conduct called upon members for additional informa- tion with regard to the short position. They asked the name of the owner of y 3% I | each short account and the number of stock. such accounts in each State of the United States, insisting that the in- formation be in not later than Monday nex During the early trading adverse div- idend action on Johns-Manville and on Bendix Aviation was reflected in lower prices for the stock concerned. Johns- Manville broke more than 3 points on the 1931 earnings statement, showing only 8c a share for the common against $3.66 in 1930. Directors omitted all payments on the common. Bendix sold off 1 to 2 points on the cut in its divi- dend from 25 cents to 15 cents quarterly. Public service of New Jersey reacted a point and a half and Columbia Gas was conspicuously heavy. Standard industrials fluctuated through a rarrow rnge, but, consider- ing the trade news, held well. This was true particularly of U, S. Steel and American Can. In the railway list ac- cumulation of Canadian Pacific contin= ued, with the stock making up the divi- dend that came off the price today and selling at a new 1932 top. As a rule, 5 [ however, railway shares were neglected. A considerable number of stocks dis- played surprising firmness. It is a fact that has escaped notice that more stocks are making new highs than are making new lows in the present seem- ingly weak market. Yesterday, for in- stance, 26 stocks made new highs for 1932 against 11 that made new lows. The same sort of selective buying was in evidence today. It benefitted such issues as Union Carbide, J. C. Penny, General Baking, Woolworth. Industrial Alcohol and some of the food shares. Shorts in Auburn were moved to cover commitments for no apparent reason. The stock made & new low wemrdny but by noon today it was up 5 to 6 points. CHECK TOTAL DECLINES. By the Associated Press. Checks cashed on individual bank accounts in leading cities on the Fed- eral Reserve System declined 28 per cent during the week ended February 24, as compared with the previous week, Total debits, for comparable weeks, fol- low, as calculated by the Reserve Board: mweek ended February 24, 5861,576,- $7.149,587,000. Previous week, last_year, $8,893,037,000. NVEST —your savings in 69 First Mortgase Securities Sound. Convenient Denominatioms Rul Estate Mortgage and STATEMENT OF THE CONDITION NATIONAL UNION INSURANCE COMPANY No. 918 F St. N.W. 0f Washington, D. C. |7On the 3ist day of December. 19 reagired under Section 647 of th of Law for the District of Columbis Net premiums Total interest and rents. Other income.... Total income ... Net amount Paid policyholders Al other - dubursemen Total dllhuu:Tenu e . 370.536.79 . !G.OK.D-‘! -$105,198.46 . Hash f saomeaen | 217.731.00 | 303.750'00 Deposits in Heve Agents' balances 378 86462 | 843215 . 340.29 Interest and rents d - | 8708 crued ... All other assets Gross assets 560.842.00 Deduct assets not admitied.. 59113 | Total ..3560,250.88 | Net unpaid claims . 31,063 . 102,177 §.849.80 100,000.00 admitted assets LIABILITT] Capital id Sirpius ‘over afl 380.357.94 Total -$560.250 88 NET Pmmns wnrrrm DURING B District ot tal. Columbia. 403381 Fe8.680.35 37053678168 880.25 AR m.‘%"? S e SRR e tnls' Teih day Bi nnru-n CHAPMAN W_FOWLER, (Beal.) Netary: Pusiic. D. . e ——— STATEMENT OF THE CONDITION OF THE CONSERVATIVE LIFE INSURANCE COMPANY of Wheeling, W. Va._ On the 3ist day of December, un Feayired under Bection 841 0f the Gods et or the District of Columbia. INCOME. emiums 23400 1 premiums . 962,620.35 Total premium income. . Total interest and rents Other income. Total income ISB] Net amount paid $1,215.116 88 . 382.167.87 18,429.69 payments to poiicy olders ... All cther disbursements Total disbursements . ETS. Dote tocks. n 1" niee - its in banks. Total interest and rents du- ’"l‘nd accrued and ¢-!-rnq°i "“ =g R, deterred premiums .70, Dbt abtets not itted: . ‘g_lln 18.13 Total admitted ‘lluu Net eserve. required by law policy Fotal Bollcy civimms cy cin Other Tabilities .' Caital patd up Unassigned funds {surpiusi. _so8.e60.6 Amount of ordinary bus| written | during the yees Nat’l 2100 GAGE LOANS Sutatanding December i in: Fritten mduxl»"fi u-mu.;