Evening Star Newspaper, March 9, 1932, Page 14

H 9 1032 FINANCIAL "oCH STOCKS IRREGULAR . AFTER EARLY GA Advance in Market Checked as Offerings Show In- " crease. EXPANDED CREDIT Sales— ~Prev. 19: Btock and Bales— 1083 8Btock and Received by Private Wire Direct to The Star Office. .| ZPrev.10s~ . stockand =~ SX0000 wion Low Close. Ohe. | figh Low. Dividend Rate. A4d 00, Migh. Low. Close. Ohes. Low” Dividend Rate ,-rm E:‘ m#::fll‘nldll& mm Fhie. Cloas: clh':. 19% 15% Freeport-Texas (2). 7 19% 18% 2% Radio-Kelth-Orph... 3 q-\. [ "% L: gT‘rbtacslnlrfblrn 8 2 Abitibi Pwr & Paper. 2% M 2% - % 11 Gamewell Co (1).... 1408 5 S11% 0" Union Pacifie “ 9% b5 Abitibi Pwr & Papf. 9% -1 2% Gen Am Investors 1 3% 3y - . Es Union Pacific pf (). 5% 3% Adams Express.. 5% ‘ J 28 Gen Am Tank Car(4) AT ... 2% Un Tank Car (1.60).. ~ 30% 24 Adams Millis (2) 30% 5 11 Gen Asphait (1) 3 B o Ba Unit Aireraft. % 10% Addressograph (1) lz 11 Gen Baking (2)..... Unit Biscuit (2) hed 12% Affiliated prod 1.60. . 16% % | | National City Bank Letter Discusses Provisions of Glass-Steagall Bill. 97 Gen Baking pf (3) Ui Bl ¢ 1% Atrway Elec Appl. .. ’ 285 Gon Clgar (6). : : 1% Alaska Juneau (663 i s 17% Gen Elec (1) 32% Reynolds Tob B ( DA 1% Alleghany Corp..... 2% 14 Of1. < 10" Gen Elec spec (60¢). % Richflel 2% Alleg Cp pf $30 ww.. 4% 4 81?: Gen Food Corp (3)... 2 Rlo l'l’l:::'lfl{r":v } ::: ';;;l‘:"(‘;‘: bt (1' lofll 1 €34 Allied Chmical () 1% Gen G&E A (b6 %stk) 3% Rossia e ' 10% Allis-Chalmers(50¢) 251 13% Royal Dutch of NY | 193 Gen Motors (2)....- ut ; i i oait e , T Aok Roin s 8015 Gen Motor8 pf (5) 39 Safeway Stores (5).. 12 ' Cnit GasteIm pf ) g 6 Gen Outdoor Adv (A) 72 Safeway Strapf (6). 40 i c City Bank gives considerable attention 12 Am Br Shoe (1.60). 11 Gen Print Ink (1)... T84 Sateway sira ot (1), a0s U8 Gypsum (3.60). to the Glass-Steagall bill for liberaliz- | 731 pgy, Am Can Co (15) 3 Gen Public Service. . St 1-San Franciaco us lu:u:‘:,l'g'ém;l - ing credit, and states that those who| 126y 117% Am Can Co pf (1) 19% Gen Rwy Signal (3). % o1 meaTranpt TR Na criticize the provisions relating to the [ ~ gy = 6% Am Car & Foundry % Gen Realty & Util... 7 US Lenther (A) use of Government securities as col-| 391 25 Am Car & Fdy pf (1) 1608 124 Gen Realty & Util pf. USTLeathor of (70, lateral for Federal Reserve notes on| 373 29 Am Chicle (13)... 3 Gen Theater Equip. . ug;fi.,,.""r,u, the ground that it is inflationary should 9% 6% Am Comcl Alcohol. . 10% Gillette Stf Ras(1) i take into consideration the fact that n 9% 6% Am & For Power.... 50 Gillette Saf 108 condition now exists with respect to| 33 1714 Am & For Pwr pf( 4% Glidden Co. . currency which was not contemplated | 3831 42 Glidden Co pr p! by the authors of the Federal Reserve 54 Gobel (Adolf). Act. The normal fluctuation of the de- mand for currency with the volume of eligible commercial paper outstanding, has been interfered with by the exten- sive hoarding of currency at a time when the supply of commercial paper is at its Jowest point on account of the business depression. With the usual basis for currency expansion so reduced and currency demand unusually heavy, the review states, it seems clear that some tem- porary provision for broadening that basis is not only justified but neces- sary. Bond Liquidation Controlled. A source of considerable stability can be commuricated to the bond market by the newly established bureau, under the supervision of Controller of the Currency Pole, through which the hold- ings of closed banks can be liquidated. For one thing, it will prevent the forced | 110} 108 Am Tobaccept (6). - selling of bonds, which has directly re~| g “3™ 271 P00 T sulted in putting prices down to un-| gq:0 15% Am Woolen Co pf. b A usually low levels. It will also do away, | jos 8% Anaconds Copper... Hudson Motor Says ihe Financisl World, with duplicts 6 Anaconds Wire & C. 9% I11inois Central. Hon ‘of ofterings, since in orter to 13 Anchor Cap (2.40)... 21 Ilinols Central pt Tealize cash. receivers of failed institu- 9% Archer-Daniels (1).. 4 % Indian Motor Cycl tions have frequently attempted to effect 3% Andes Cop, 284 Indust Rayon (4 sales through a number of different 32 Armour c!’fiel nu‘l). 27% Ingersoll Rand ( houses at the same time, thus giving an 4 1 ArmourofIll(A)... 2% Insur Sh(Md) (ue). exaggerated impression of the amount 1% Armour of 11l (B) 514 Interboro Rap Trans of securities actually overhanging the 6% Armour of 111 pf. 90% Int Bus Machine(n$) market. 14% Int Cement (2). . By eliminating such duplication it is i % Int Combustion. expected that this central bureau can T'% Associated Ofl 21% Int Harvester (1.30). contribute to a better underlying tone 71 Atch To & San 9 St Hexonerat ). to the bond market in general. Thus it 76% Atch To&S Fe pf(5). lgfl- {nl }l:yflr: I‘I ‘;t ). will help out the bond price situation as 25% Atl Coast Li: 4). .. Y% xnv. neh P IM o han would othe; % Atlas Powdes mmorfbl?ah LR 83% Auburn Auto (£4)... 220 7% Int Paper & Pwr pf.. 1% é i In bond circles, this central bureau 3% 2 Aviation Corp (Del). 13 1;* {:: ;z.)l-lfi)cen.\m ot is regarded as one of the most construc- | g, 47 Baldwin Logomotive ut 7 o tive steps vet adopted to dry up forced | 213 12% Baitimore & Obio. 714 Int Tel & T liquidation, and wholesome influences 27% Balto & Ohlo pf (4). 9 1 1: lmp..pggw,-...(n,, ving wise-spread effects should 2 Barker Bros.. ] TT 7 emanate therefrom. 4 Barnsdall Corp. . ;g., fy J:::g.xxn‘vl;fo” Safeway Stores Net Higher. gen Bayuk Gl ln':rll"l)L 80" 15" Jomes & Laugh pi(1) The, Topoct of Baleway Btores; “Joo. 83 Beatrice Crm pf(7). . 3% 17 Kan City Sou f (). (Maryland), and subsidiaries (including 2% Belding-Hemingway 5 K'mann Dpt Strs(1). MacMarr Stores, Inc., from July 1) for 134 Bendix Ava (60c). 7 Kayser (J)&Co (1).. year ended December 31, 1931, shows 194 Best & Co (2)... 2 1 Keily-Spring Tire. .. :f-ln ;:corg‘ewgé“fi k"’di‘;’flx '{f{.sde';":' 154 Bethiehem Steel; 20 Kelly-Spr T 8% pf . Bethleh D! -Spr T 8% pt equivalent after preferred dividends to i BoliAten N et 15% Bohn Alumn & Brass 7 Kelvinator Corp.. $6.34 a share on 717,503 average no- 8% Kennecott Copper par shares of common stock outstand- . 1% Kin (GR)Co.... ing during the year and $5.68 a share 3 15% Kresge (S8) (1.60). S8 ~Spuaans rs 2. BY GEORGE T. HUGHES. Special Dispateh to The Star NEW YORK. March 9 —Early strength followed by increased offerings and lirregularity characterized today's stock market The pause in the advance seemed to be due to doubts as to whether the moarket had not outdistanced business improvement. It was admitted that the financial situation was much better, but there was no such confidence about trade. The weekly summary of the iron and steel industry gave little en- couragement Rate of operations was up 1 point to 27 per cent of capacity, but there was still no important buying from the three major steel consuming groups, motor manufacturers, the rail- roads and building construction. Rail- road car loadings made a poor showing, which was not offset by the prediction that Pebruary earnings would reflect the benefit of wage reductions In contrast to this show of strength was the heaviness in standard stoks of the grade of American Telephone, American Can, United States Steel and General Electric. For a time the rafls gave a good account of themsely, especially Union Pacific ... New | Haven, but they. tc- .ragged in th- |later trading. A weak i m -ge Western Maryland. — % | utility list was amertox:. & Foreign Western Union (4) .. 4| Power, where new lows were made for 2%). 3 the common and for the various pre- 1st (3%) W ferred issues. Dividend meetings were Westvaco Chlor 1.60. scheduled to be held after the close for White Motor........ .. the 6 and 7 per cent preferreds, White Sewing M pf the market action of the stocks Wilcox Oil & Ga cated doubt about results Willys-Overland. Perhaps the most encouraging phase 3-}}"’“22"@ of the market was the absence of liqui- wu”: &C: =i 28 2 dating pressure. If stocks were for sale e it 2w in any considerable volume, the holders Dueo o ¢ — 7| were reluctant to offer them except in orthington P\l)mp 19 — % s of strength. Worth Pump (A). 35 +5 B, Yale & Towne (1)... 9% olls were again in demand during the 7" Thompson Prod 1.20. 9 31 Yellow Truck....... 3% first heur and so were some of the food 2% Tide Water AasoOl, 41 17% 12% Ygstwn Sheet&Tube. 15— 's|stocks. In both cases it was the pro- 20 Tide Water As pf(6). 4 S 6% Zonite Prod Corp (1) % —u !pmedm' "t:: k(ultl}:&nue;x; wl:smnno.é 30 Tide Wat Ofl pf (5).. 36 1 b poten e. It was no 16% Timken Roller B(2). : 10:30 Ai"' e D |clear how an excise tax on_imported 2% Tobacco Products. .. 5 o . 900,000 2:10 P oil would help the ofl trade as a whole, T S s e . ks ulthmuh it might benefit such organ- - 3 Plus . yoar—ne t. 13 Twin City Rap Trpf. 40s ¢ Payable in cash of stock. f Plus #% in stock hPiu 1% W High taxation is blamed for the de- 3 2 Ulen&Co. o AL e et Finland. 284 14% Und-Ell-Fisher (2). BY EDWARD C. STONE. ‘The March letter of the National S EEF mSeoma Surmnn “ Seaboard Alr Lin Seaboard Ofl. Sears Roebucl Servel Inc Shattuck (F G) (1).. Shell Union OI1. . Shell Union O11 pf. Shubert Theaters fisas Simmons Co. ... - 10 Stmms Petroleum. .. 5 | Sinclair Consol Ofl { % % Vadico Bdles Corp. Skelly Ofl..... 18% 11's Vanadium Corp. . Skelly Ol pf + 45 3% Va-Car Chem 6% of. Snider Packing. . Socony-Vacuum (1). Sash R E- Solv Am pf ww(5%) BB R ¢ South Port Rico Ward Baking (B Southn Cal Ed (2). Warn Bros Piclnr- Southern Pacific. Warner Quinl: - Southern Railway... v Southern Ratlway pf :_-;r:x;‘:!rmo Spalding (A G) (1).. el 80. Spang-Chalf pf (6).. 108 Sparks-Withington. 1 Stand Brands (1.20). 30 Stand Gas&EIl (3%). 34 Stand Gas&EIl pf (4). Stand Ol Calif (2).. Stand O1l N J (12). Sterling Secur pf. Stewart Warner. ... Stone & Webster (1) Studebaker Co(1.20). Sun Oil pf (6) % Superior Oil. 1% Tennessee Corp. 10 Texas Co (1).. 20% Tex Gul Sulphur (3). 21 1% Tex Pacific Coal&Oil. 2 4% Tex Pacific Land Tr. 16 8% Third Avenue....... 6 8% Thompson (J R) (1). 3 « USRubberls!D( . U SSmtx & Ref (1). s USSteel (2)........ U S Steel pf (7) U S Tobacco (4.40).. United Stores pf (¢). ‘h Univ Pipe & Rad. Util Pwr & Lt (A) ¥ OERE F EF » anSnmnn NEN BB BORE—~ 41% Am Home Prod 4.20 12 AmIee (2)... 5 Am International. 5% Am Locomotive, 1714 Am Mch & Fdy 1. 2% Graham-Palge 2 Am Mach & Metal 5 3y % 5% Granby Consol . 18 Am Pwr &Lt (31) 1 Grand Silver Stores. 48 AmPwr&Ltpf (8 6% Grand Union...... 38% AmMP&LtDPLA (5).. 285% Grant (WT) (1).... 6 Am Radiator (40¢).. 62 16' Great Northern pf(3) 1% Am Republics. . 1 113 Great North Ore(2). 7% Am Rolling Mill 4% Great Western Sug. . 21% Am Safey Raz (3) 5 1 Grigsby Grunow.... 12% Am Smit & Rfg(50c) 25 513 Gulf States Steel.... 30% Am Snuff (13%).... Hacken Watpf A 1% 68% Am Sm & Rfg pf (7). Hahn Dept S&rcu pt. 5% Am Steel Foundry Hall(WF)Ptg(a3le). 21% Am Sugar (4) Helme (GW) (17)... 67% Am Sugar pf (7).... Hercules Powder(3). lggts 107% Am Tel & Teleg (9). uso 731 Hershey Choc (8). .. 65 Am Tobacco (16 3 89% 6614 Am Tobacco B ( 73% Hershey Choc pf 1. - mmmota 127 Goodyear T& R (1). 43 Goodyear 1st pf (7).. T4 Gotham Stik Hoslery I+ MR E RN AN NONE DN R e - D |!+.!‘ LiOI*\‘lfl 23" SFPiessser 22 e 5 = & x @ 8 = | & 2y EFEEE F§ L4+ 14410 preferred stoek. k Plus #toa! Teie? Tate o Fles 0% I8 sser” ph | cline of talkle shows in 2% in lmel. |CHICAGO LIVE STOCK MARKET|CHARTER FOR NEW BUS sies Dortmens ot Apneuwer—| SERVICE IS GRANTED | States Department of Agriculture).— Hogs—Receipts, 16,000, including 3,000 direct; strong to 10 higher than yes- | BY aStaff Correspondent of The Star. terday's average; 170-210 pounds, 4.75a | CLARENDON, Va, March 9.—The 4.90; top, 4.90; 220-250 pounds, 4.55a State Corporation Commission has acted 4.80; 260-330 pounds, 4.30a4.50; | favorably on application of the Arling- 160 pounds, 4.60a4.85. pigs, 4.00a4.50; | ton-Fairfax Motor Transportation Co. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Ccm.y lnc. CORPORATION ' REPORTS TRENDS AND PROSPECTS OF LEADING CORPORATIONS. on 800,350 common shares outstanding at end of year. This compares with net income in 1930 of $3,749,901, equal to $4.82 a share on 634,820 average common shares outstanding during that year and $4.81 a share on 635,655 com- mon shares outstanding at end of year. Average number of stores in opera- tion during 1931 totaled 3,264, of which 1,854 had meat markets, as col with 2,675 and 1,489, respectively, in 1930. Union Trust Declares Dividend. Directors of the Union Trust Co. at & meeting held yesterday afternoon de- clared the regular quarterly dividend of 2 per cent. The disbursement is pay- :‘hle Aprn 15 to shareholders of record arch 31. wmmrn Union Telegraph Co. has declared a dividend of $1, payable April 15 to stock of record March 18. Three months ago a dividend cf $1.50 was paid, prior to which the stock was on an $8 annual basis. Emerson’s Bromo-Seltzer, Inc., de- clared the regular quarterly dlvidm of 50 cents each on the class A, listed on the Washington Stock Exchange, and B common stocks and the pre- ferred, all payable April 1 to stock of Tecord March 15. It was announced frcm Chicago to- day that the Central Public Service Corporation has omitted the %x.rmly dividends due at this time on the 7 per 3 Botany Con Min (A). 7% Briggs Mfg (1)..... % Brockway Mot Trk. . 30% Bklyn-Man Tran (4) 68 Bklyn-Man Tr pf (6) 72% Bkiyn Union Gas(5). 5% Bucyrus-Eriecv e 9% Burroughs Add (36¢) 15% Bush Terminal(2%). 50 Bush Termdeb (7).. 10% Brers (AM)........ ——— 814 California Packing. . 3 Calumet & Hecla. 5% Campbell-Wyant 10 Canada Dry (1.20).. 6 10% Canadian Pacific1%. 50 17 Cannon Mills (1.60) . 223 Capital Ad pf(A) (3) 261 Case (JI) Co....... 134 10% Caterplllar Trac (1). 3 1% Cavanaugh-Dobbs... 10s 3 Celanese Corp. . 55 CentRRoOfNJ. . 9% Cerro de Pasco (1).. 215 Certain-teed Prod... 21% Ches & Ohio (2%)... 13 Chesapeake Corp(3). 1% Chi M1l StP & Pac... 2% Chi Mil StP & Pac pf. 6 Chi& Northwestern. 3% Chi Pneu Tool...... 7 Chi Pneu Tool pf. 815 Chi Rock I & Pacifie. 11% Chi R1& Pac 6% pf. 14% Chi RI & Pac 7% pf. 10 Chi Yellow Cab (2).. T+ tLi++1 1+ 568 46° 16% 93 28% 32% 62 T4 62% bls 23 4 18% 60% 3% 2 46 20% 12% 2% 1115 134 20% 20 6% 4% Kreug & Toll m 1.61. 12% Kroger Grocery (1). 42% Lambert Co (8)... 36 Lehman Corp (2.40) 19% Lehn & Fink (3) 5! Libbey Owens Glass. 45% Ligg & Myaers B (1§) 16% Lily Tullp Cup (1%) 121 Lima Locomotive 143 Liquid Carbonic 23% Loew's Inc (14) 274 Loft Inc. 297 Loose-W! 12 Lorillard (P) (1. 20). 734 Lorillard (P) pf (7). 1914 Lou Gas&El A (1%). 21 Louisville & Nash(4) 17 McCall Corp (2%)... 50 McCrory Strs pf (6). 6 McGraw Hill Pub. .. 43 McKeesport TP (4). 3% McKesson & Robbins 10% McKesson & Rob's pf 2% McLellan Stores. ... 12% Mack Trucks (1) . 47 Macy(RH)& Co(n! 2% Madison 8q Garden. % Manatl Sugar pf. 26 Manhat Elev gtd . 7 Manhat Elev mod gtd 9% Marine Midld(80¢). . 2% Market Street Ry pf. 9% Marlin-Rockwell (2) T% Marshall Field & Co. 13% Mathieson Alkill (1) 16 May Dept Stores 1.8 5% Mid Continent P-t.m. ®aSewes e+ - i) iy FIEERET EF o= o 855 e mBenia & g8 A 58 NEW YORK, March 9.—The follow- ing is & summary of important corpora- tion news prepared by the Standard Statistics Co., Inc, New York, for the Assoclated Press: News Trend. Revenue freight car loadings in the week ended February 27 showed a de- crease, largely to the observance of ‘Washington's birthday holiday. Ac- cording to the American Rallway Asso- clation, loadings totaled 535498 cars, which compares with 572,606 cars in the previous week and 681222 cars in the corresponding week of last year. Forest products was the only com- modity to show an increase. The Companies. National Surety 1931 deficit, $590,358 vs. net income $409,447. Pan-American Airways rates reduced 10 per cent on entire system, except lines between Mhmx and Havana and Miami and Nassa: National Title 1931 deficit, $52,605 vs. net income, $21,816; equal to 18 cents per share of capital stock. New York Investors 1931 common share earnings, 34 cents vs. $2. Paramount-Publix Corporation—W. 8. Paley group buys company’s interest in Columbia Bgoadcasting interests for $5,- Phillips Petroleum 1931 deficit, $5,- packing sows, 3.85a4.00; light light, good and choice, 140-160 pounds, 4.50a | 185 light weight, 160-200 pounds, 4.70 5 medium weight, 200-250 pounds, (50!4 0; heavy weight, 250-350 pounds, 4.25a4.60; packing sows, medium and good, 275-500 pounds, 3.85a4.10: pigs, s’)odo and choice, 100-130 pounds, 4.00 a4.50. Cattle, 7,000 head; calves, 1500; most killing classes active, strong to 25 higher; bulls, 10a15 higher; vealers, 10a1.00 higher; wfl yearlings, 8.75; best heid higher. ughter cattle and vealers—Steers, good and choice, 600- 900 pounds, 6.7588.85: 900-1,100 pounds, 7.00a9.00; 1,100-1,300 pounds, 7.0029.00; 1,300-1,500 unds, 7.008 9.00; common and medium, 600-1,300 pounds, 4.25a7.25; heifers, good and choice, 550-850 pounds, 6.00a7.50; com- mon and medium, 3.75a6.00; cows, good and choice, 3.50a5.00; ‘common and medium, 3.00a3.50; low cutter and cut- ter, 200a3.00; bulls (yearlings ex- cluded), good and choice (beef) 300! 3.50; cutter to medium, 2.7 vealers (milk fed), good and cholce. 7.0029.00; medium, 5.25a7.00; cull and common, 3.50a5.25. Stocker and feed- er cattle—Steers, good and choice, 500~ 1,050 pounds, 4.75a5.75; common and medium, 3.50a4.75. Sheep—Receipts, 13,000 head; slow, about steady with yesterday's close; some interests bidding low better grade lambs, 6.50a7.25; best held above a subsidiary of the Fairtax mflny Co., for chnmrmmnu bus service from Lacy to Washington by | way of the Highway Bridge, according to anncuncement of Dr. Julius H.| Parmelee, president 'n:emutelobe!ollo'!dbynnm1 bus line will be along the Glebe road to Garrison avenue, thence along rison avenue to Washington avenue into the National | Capital over the Highway Bridge, According to Dr. Parmalee, the board | of directors will hold a special meet- | ing tomorrow afternoon in the office of Charles T. Jesse to consider plans for | npenmon and date of starting the Baltimore Port Arrivals. T:M‘.(Tg:&uhm 9 (Special). — e Maritime Exchange reports were 214 arrivals in 23 nr 'r?::: more than in January. United States leads with 155 'e-ell. Arrivlk in January and February were 425, or g;’tever than for the same months in el France may establish motor quotas on tractors. thence mer' 6 % MORTGAGE NOTES Secured on new brick homes in preferred northwest resi- dential sections. Every mort- gage protected by fire insur- ance and title guaranteed by responsible title companies. Conservative Appraisals Insur- ing Absolute Safety - IN DENOMINATIONS OF $250 and upwards BOSS & PHELPS Realtors 417 K 8t NAtional 9308 cent preferred, 6 per cent preferred and 4 per cent preferred stocks. Today's Trading on Exchange. Capital Traction stock opened trading on the Washington Stock Exchange to- 9715 Coca-Cola (18). . . . day. a small lot changing hands at 45% Coca-Cola (A) (3)... 185 26% Colgate-Pal-P (234). The next sale was in Wasl T Collins & Aikma; Railway & Electric preferred, whlch on 9 Colonial Beacon & small turnover registered 90. 7% Colo Fuel & Iron. The remaining trading was in bonds. 11% Columbia G&EI(b1 201 ‘Washington Gas 6s, series A, came out 28 Columbia Carbon (3) 39 at 993, while a baby Gas 6s, series B, £14 Com] Credit (1) 2 sppeared on the board at 101%. 19% Coml Credit A (3 The largest bond sale for the day 18% Comel Inv Trust ( ‘was in Anacostia & Potomac R. R. bs, 58 Comm Invev Df(ll). $1,000 selling at 5115. 7% Comm Solv (60c).... 4 Lokt Balis Movosl Tacreses. 3% Comwith & Sou(306). 9 59 Comwlth&Sou pf (§) Loft, Inc., reported February sales to- 8 Congolm N-(rnpu).. day as $2,083,805.74, an increase of 21 Consol Cigars (5).... 122 per cent. The company reported 8% Consol Film pf (2).. that while prices of many items had B4i4 Consol GasN Y (4).. been reduced early this year, sales were 89 Consol Gas NY pt(5) increased by the addition pf 396,999 9 Consol Laundries(1) new customers in the first two months % Consol Textile...... of 1932, 17 Container Corp (A) Mail order sales of Sears, Roebuck & 4% Contl Baking (A). Co. have of late shown a slight improve- % Contl Baking (B ment, which is ascribed to the earlier 40 Contl Baking pt (! date of Easter this year and the fact 31% Contl Can (2%) that, with an extra day in February, 19 Cont Insur (2.4 the Midwinter fiyer remained in effect 1 Contl Motor one day longer than normally. 5% Contl Oil (Del). At Ward's annual meeting on March 4 % Contl Shares. S. L. Avery, chairman, stated that 37 Corn Products(8) within the previous 10 days there had 125 Corn Prod pf (7). been a noticeable improvement in both 3% Coty lnc mail order and chain store business f‘;‘ gfi:;"é::n';‘;m“z*) m:‘hng“ould aid Ward's Pebruary 13 Crown CR AN GIe45. Heard in Financial District. %4 Gratble Bey BF i 373 Crucible Steel pf (7). Paul V. Keyser of this city, counsel 1 Cuban-Am Sugar. . of the Investment Bankers' Association, 7 Cuban-Am Sugar pf. 310. has written a_most exhaustive analysis 30 Cudahy Packing (4). of the Glass-Steagall bill. It has just 22 Curtis Publishing(3) been published in the association’s 78 Curtis Publish pf(7). organ, Irvestment Banking. 1% Curtiss Wright. B. P. Schulberg has been elected & member of the board of Paramount Publix Corporation to fill a vacancy. Mr. Schulberg first became associated with Famous Players Film Co., a prede- zessor of Paramount Publix Corporation, 20 years ago. and has been general man- 12% Diamond Match (1). ager of production at Paramount’s West 7% Dome Mines (1) Coast studios since 1925 13 Dominion Storest1% Harvey D. Gibson of New York, presi- 7% Douglas Alrcraft (1) dent of the Manufacturers' Trust Co., 19% Dresser Mfg A (33%) 15 to receive, on March 15, the second 47% Drug Corp (4)...... goid medal awarded by the Hundred 46% Dupont de Nem (4). :’eu Club to a New‘ Yorke; “'dho hlll 98 Dupont de N pf one most for the civic and industrial development of the city.” It is award GRS ed in recognition of his work as chair- 23% Elec Auto Lite (4). . man of the Emergency Unemployment 97 Elec Auto Lite p,(” Pomiitee 1% Electric Boat. On Tuesday, the Dow Jones average bf 40 corporation bonds again set a new bigh for the year at 8165 a day's ad- Plerce Arrow pf (§ vance of 0.25 and a 21-day rise of 3.64. 18 Eng Pub Sve (140, Flerce Off v — e 65 46 EngPSpfww (5%) Plerce Ol1 pf. TU. S. TREASURY BALANCE. 10 _5,“ g"!‘“ R, Plerce Petroleum. B5 the Associated Press. 3 TN Bcle R R1 Pillsbury Flour (). Treasury receipts for March 7 were| 21 21 Fed Mines & Smit. . Pitts United pf. 7,761,20201; expenditures, $19,637,-| 2 1% FederalScrew Wi 70,67, balance, $317,2889521. Cus- 56 Uod Wase el loms duties for seven days of March %8 Fifch Ave Bus 6y 1005 i Weth 80010501 12 FirestoneT&R (1). 3 : : e — 50% Firestons TAR pf(s) 48% Public Sve NJ (3.40) mnnure dealers say that orders for 413% First Natl Strs (234) 78 Public 8ve NJ pf (5) Bumnier lines continue to provide the % Fisk Rubbaer... 86 Pub Svc G&E pf (5). bulk of new business. On the business W Fisk Rubber 1st pf. 1%} 26 15% Pullman Gorp (3)... transacted so far the trade is expecting 4 Follonsbee Bros. e% — 1| (5% 3% Pureoil. substantial gain in the Summer fur- 8 Foster-Wieeler... by L‘."_““—"“”P'_.*“"'"" o iture volume over that of 1931. Low 3 FoundationCo...... - 5% Radio Corp......... L"" have proven an important factor 15% Fouria Nat Inv 1.10. b3 :_wu ';t Radio Corppf A 3%. stimulating sales, 2% FoxFilm (A)....00e W 18% Radlo Cozp.pf B..... Organized 1879 52nd YEAR COMPLETED Equitable Co-Operative Bldg. Ass'n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary 10 74 Midland Steel Prod. . 50% 424 Mid St Pr 1st pf (8). 1% Minn Moline Pow. 4% Mo Kan & Tex 5% Missouri Pacific 12 Missouri Pacific p: 8 Mohawk Carpet. 20% Monsanto Chem l’A . 67 Montgomery Ward. . % Mother Lode 7% Mullins M{g. 5% Murray Corp 576,409 vs, e $3.040, 7.50; lambs, 90 pounds down, and T P e oo K0 STUal | Ciioice, €.5087.50; medium, " 8.7508.50: Bocony-Vavuum Corporation—Subsid- | 91-100 pounds, medium to cholce, 5.50a fary, Magnolia Petroleum, to sell Pipe 7.35; all weights common, 5.00a5.75; Line system in Gladewater area of Tex- | eWes, 90-150 pounds, medium to chaice, as to Shell Petroleum. 2.75a4.25; all weights, cull and com- Western Union Telegraph declared $1 | mon. 1.50a3.25; feeding lambs, 50a75 dividend; paid $1.50 January 15, 1932 | pounds, good and choice, 5.25a5.65. and $2 quarterly prior thereto. California Packing marks up pineap- ple prices 10 cents a case on 2% fancy, |* 215 standard sliced and 2!'2 broken slices. Central Pub}lc d?e;-;tceds Corporation passed quarterly dividends on 87, $6 | gpecial Dispatch to The Star. and $4 preferred stocks; last payments | *'Npw ~YORK, March 9—Cotton | made January 1, 1932, on each class. 3 points 5 rices were 1 point lower to Eastern Rolling Mill 1931 deficit, $514,888 vs. deficit $320,955. nghzr at the openiig of the market | home —old age— RS 3 tdren's eaaca. UMIIIA Libby., McNeil & Libby increases | gofaizc FRecien demand was fair and £ ' peelihes Gl tion — the systematic pineapple prices 10 cents a case on | 1 Y 315 Tancy, 244 standard siiced and 2% | ; ;oY oPeDed at 7,02 unchanged. July | SAVE savings plan of the broken siices. ] ey + Pacific Coast Co. 1931 deficit $316,42g | J2RUAFY, 7.63, unchanged. 372‘:;!3?': ;\C:ilu"}‘malt;: vs. deficit $83,274. RN B parts sovst Pricss. |§ | EARN money. U. S. Radiator deficlt, year ended January 31, 1932, $1,289482 vs. deficit PARIS, March 9 (#)—Three per | cent rentes, 79 francs, 35 centimes. | 915 F St. $641,973. Five per gent loan, 101 francs. Exchange on London, 94 francs, 6" Washington Produce 10% Chrysler Corp (1)... 25% City Ice&Fuel (3.60). 63 City Ice&Fuel pf 6%. 4}0- % City Stores. . . .:?».w-.a;...gzn_, +il+11 FEREE F EFPE F FRVSEF FEFREFFET F¥F ¥ ¥ = gy b EBoBamw waamanon ..$6,124,601.00 Subscriptions for the 102nd Issme of Stock Being Received I @ o New York Cotton FEt i @ Qoo Regardless of what the occasion may be— N 19% Nat Steel (2).. Xat Supply Co Natl Surety...... tl Tea (60c) L4+ PYSPS -3 3-79 Newton Steel. N Y Central. Chicago & St L.. Chi & St L pf. Investors. . N H & Hartford. NH&Hpf (7). N Y Shipbuilding. . . NY Steam pf (6).... N Y Steam 1st pf(7). +1+1 £ FEE ‘centimes. The dollar was quoted francs 45!; centimes. Noranda Mines (2).. Butter—One-pound prints, 26; tub, 25. SILVER QUOTATION’B Norf & Westn (112). 1 “ Eggs—Hennery, 14; current receipts, NEW YORK, March 9 (#).—Noon— Norf & Westn pf (4). 13. Silver futures wy sale, 850,000 |fi North Am Aviation. . 3 Poultry, luve—’l‘urkeys old toms and | ounces. Quotations in cents: March, Qz;l:g;;rgl.‘;z'g; hens,15a1! |¥mm:a, and her';: 32‘% z;g dvs bid: May, 30.20 bid; July, 30.50 N . iny , 114 t un a! Septe: o Notvenlie PO L0 ffi'mfin”figfii’m 1a23; Winter chickens, | 31.30. eaber, "20.85' hid;; / Ootober, 5 Ohio ON1 18a20; stags, 12; hehns l;rge 15116' ey 2 1 Oliver Equip.. medium, 15a16; Leghorn hens, 13a 4% 1% Omnibus Corp. ... capons, large, 24a26: small, 20a33; siips,| NEW YORK BANK STOCKS 14% 6 OQrpheum Circuit pf. oosters, 10; keats, young, 45a50; 2215 16% Otis Elevator (24).. 105 100 Otis Elev pf (6)..... Poultry, dressed—Turkeys, old toms o 9% Otis Steel pr pf. and hens, 18a2l; young toms and hens, 27 20 Owens Il Gla 23a25; Spring broilers, 11, to 3! pounds, 37 3214 Pacific 27a29; Leghorn broilers, 24a26; Winter | ona,, 361 Pacific Lighting (3). chickens, 21a23; stags, 15; roosters, 13; | Commerc: Pacific Tel&Teleg(7) hens, large, 18a19; hens, medium, 18a19; | First Natl N Packard Motor Car.. Leghorn hens, 16al7; capons, large, | Naul City” 3% Panhandle P & R pf 27a29; sthall, 23a26; slips, 21; roosters, | Public 6's Paramount Publix 13; keats, young, 60a70; old, 30a40. Pathe Exchange. . uuu—n«x, prime, 13; good, 12;| Bankers Pathe Exchange (A veal, top, 14; good, 13; lamb, top, 16; | Brooklyn . Penick & Ford (1) 00d, 16; pork loins, 14; fresh hams, 14; | EeLl Hanover 4 Penney (J C) (2.40, ed hams, 16; strip bacon, 16; lard, | Cont %u f I 2 Penn Dixie Cement. . Gorn Exchange Penna Raliroad (2) Peoples Gas, Chi ( Pere Marquette pf.. Pere Marquette pr pt EMPLOY YOUR SURPLUS FUNDS N NEW YORK, Hl —Over- the-counter marke RSO = | in safe and profitable investment such as is offered by our 6'2% FIRST MORTGAGES E5 SESREEFE FESF Delmll Edlson (8).. &Llill FE FRFEFFF EE EF +4 The earning is liberal, and con- tinuous at the same rate through- out the term of the mortgage, and the principal is secured by conserva- tively appraised and improved real estate. Over a Third Shbranty I 0; pigs, | frving z of a P! 00 | Manufactu: hmr;u.mwz .00a3.25; calves, 4. New ‘York o e Century 00, Fruits—Stra berrle- pints, 15a18; .. uarts, 30a36: apples, bushel baskets, | Importers of typewrlters into Grecho- Without a 5a1.26; fancy box stock, 1.50a2.50; :1‘_0;“1» l::eun weomn( to & new de- oranges, 2.5083.50; bushel secure permits from a government 13002 50; lemons, 4.00a4.50; ¢ommission, before they may purchase Loss fruit, 1.75a2.50; honeydews, foreign ex: st | 2.00; pears, 3.50a4.50; = 3.00; pineapples, 4.00; bananas, $5,000 Life Insurance 5a2.00; limes, per 100, 2.00; rhubarb, house, 1.00; plums, 115-200 nec- for $44.65 Annually (At Are '35) SEND DATE OF YOUR BIRTH FOR ILLUSTRATION Company’s Assets, $700,000,000 M. LEROY GOFF 1036 Woodward Bldg. Nat. 0340 Insurance Exclusively Over 20 Years FEsEEs ¥ 7 Philip Morris&Co(1) Philiips Petroleum. . May be purchased in amounts from $250 up. B. F. SAUL CO. National 2100 925 15th St. N\W., - roanEnennnon Sl , 60a85; string . /00; limas, 3.75a4.25; peas, California, crates, 7.00; Florida, ‘baskets, 4.00; let- tuce. leeberg, 3.00a3.50; peppers, ‘3.258 3.50; cucumbers, dozen, 26 celery, 250. SUBSTITUTE » a3 Buana i . THERE N ] S cnnumm!quorldl °Y IS NO FOR SAFETY 137:‘ 50; kale, 4Qa50. -~ =