Evening Star Newspaper, March 10, 1932, Page 14

T Ay SR D.C. STORE SALES - GAINN FEBRUARY Improvement Over January Figures Is Shown by Re- serve Bank Report. BY EDWARD C. STONE. Retail sales in Washington depart- ment stores in February showed im- provement over January. These sales ‘were only a little over 10 per cent be- low the figures for February, 1931, ac- cording to the monthly report made Ppublic this noon by the Federal Reserve Bank of Richmond. Only Huntington, W. Va. and Rich- mond, Va., made a better showing in retail sales during the month, in the fifth Pederal reserve district. Baltimore was not as lucky and the aversge for a group of 20 other cities was also lower. Department store sales in the whole fifth district in February averaged 12 per cent less in dollar amount than sales in February, 1931. Of the 56 stdres which reported, only five showed larger sales while 51 reported lower sales in February of this year compared with the like month a year ago. Among the 12 Federal reserve dis- tricts in the whole country. the local fifth district made the second best rec- ord for the month. only one other dis- trict, St. Louis, with a decline of 10 per cent, reporting a lower percentage decrease in sales in comparison with business in February, 1931 In cumulative sales for the first fwo months of the present year, the fifth reserve district showed an average slump in sales amounting to 16 per cent, again ranking next to the St Louis district, which noted a decline of 14 per cent. Sales in Fifth District Compared. Comparison of average sa'es in the different cities in the fifth Reserve dis- | trict are presented here, February, 1932, being compared with February, 1931, and sales for the first two months of this year being ccmpared with the like period a year ago: cities. | 5 156 stores nited States, 516 stores State fgures— Virginia, 14 stores West Virginia. 10 stores. The Carolinas. 13 stores 5 Following " the Tull Teport. regarding retail sales in the Pifth Federal Reserve District, the details of conditions in trade all over the country are of almost equal interest, reported today by the Federal Reserve Board here. Sales in 12 Reserve Districts. Preliminary figures. on the value of department store sales show a decrease from January to February of about the estimated seasonal amount. The Federal Reserve Board's index, which makes allowance both for number of business days and for usual seasonal changes, was 79 in February on the basis of the 1923-1925 average as 100, compared with 79 in January and 81 in December.. In comparison with a year ago the value of sales for February, according to the preliminary figures, was 16 per cent smaller, and when allowance is ::g: tfimeflhct‘ n;,nb there was one g day in February this year than last, the decrease from last year 15 about 19 per cent, the report says, Pcrunuzes of decreases compared | with February a year ago and the months recently ended, and also for -fi first two months of 1932 and the like period in 1931 are given below: Jan. 1 _No. of No. “Feb '!!b 20 s?"m otles. P HaEGesSNmEse § b= 4 llas =5 San Francisco. 14 21 *February figures preliminary: in most dis- tricts the month had one more trading day this year than last vear. Today's Trading on Exchange. Trading on the Washington Stock Exchange today was led by the bond division, Potomac Electric Consolidated 5s figuring in two $1,000 sales at 100%. There was also a $500 transaction in ‘Washington Gas Light 6s, series A, at par. Mergenthaler Linotype was the’ only stock that appeared on the board. ‘This issue opened with a small sale at 4?% and closed with another odd lot selling higher, at 43. This ‘stock is now quoted ex-dividend. American Stores Sales Off. American Stores Co. reports sales for the period of four weeks, ending Feb- ruary 27, 1932, of $9,154,585, as com- pared with sales for the four weeks ending February 28, 1931, of $11.165.671. This is a decrease of $2,011,086, or 18 per cent. Sales for the two months ending February 27, 1932, were $19,272.239, as compared with $23,662,781 for the two months ending February 28, 1931 ‘This is a decrease of $4,390,542, or 18.5 per cent. Financial District Notes. Directors of G. C. Murphy & Co. have declared the regular quarterly dividend of $2 per share on the pr ferred stock. payable April 2 to stock- holders of record March 22. Common and preferred stockholders of General Motors Corporation for tne first quarter. of 1932 totaled 345194, a new high record, comparing with 313.- 117 for the fourth quarter of 1931 and lws‘l;)l\ 286,378 for the first quarter of John E. Zimmermann of Philadel- phia has been elected a director of the Pennsylvania Railroad Co.. to succeed Charles E. Ingersoll, resigned. Another indication that the cost of living is still dropping was evident today m an _announcement that Prigidaire prices have been reduced extensively. Eighty class 1 railroads operated at a deficit in January, of which 28 were in the Eastern, 17 in the Southerd and 35 in the Western district . T.s. TREASURY CERTIFICATES (Reported by Chas. D. Barney & Co) Bate_Maturicy 3%ys Aug. 15, 1932, 2% June 15, 1933 2 3%s Peb. 15, 1923.0 SHORT-TERM SECU’RITIES (Reported by Chas. D. Barney & Co) Bld. Offer Allis-Chalmers Co. 55 1937..... 897, American Cnein Co "6t 1033 | 333 American Tel, & Tel. $12s 1943 1045 104% Amer. Wat. Wks. & El 5s 1934 9 Baltimore & Ohio 4'zs 1933 Belding Hemingway Co. 6 1936. Bethichem Stecl Corp, 55 1836 Commercial Credit Co 578 1935 Del. & Hudson 5s 1 Denver & Rio Gen. Mot. Accep. X General Petrolevm Corp. 55 1940 General Public Service 8'3s 1939 Grand Trunk of Canada 65 193 & W.Texss bs 1033 LoGisvue & Nashoie 5 1837 New York'cent. & H. s 1934 & St. L. 6s 1932 Northwestern mw 4128 1934, 6'25 1936 Portland Generai 55 1035, ublic Tron & Stsel 53 140.. lair cmaamtzu Co. 3158 193 Ewy, FINANCIAL. ived by Private Wire Direct to The Star Office. Stock and Bales— Net. Dividend Rate. Abitibi Pwr & Paper. 5 Abitibi Pwr & Papf. 3% Adams Express..... 55 Adams Exp pf (5)... 10% Addressograph (1).. 12% Affiliated prod 1.60.. 46 Air Reduction(t4%) 1% Afrway Elec Appl 117 Alaska Juneau (5 11 Alleghany Corp.... 213 Alleg Cp pf $30 ww. 21, Alleg Cp pf $20 XW. .o 2% Alleg Cp pf $40 ww.. 6214 Allied Chemical (). 10% Allis-Chalmers(50c) 12 Amerada Corp (2)... 121 Am Bank Note. . 5414 Am Can Co (15) 1264 117% Am Can Co pf (7) 8% 614 Am Car & Foundry. 391 25 Am Car & Fdy pf (T 6 5 AmColortype...... @15 615 Am Comcl Alcohol. 15% Am&Foran Pw(6)pf. 17% Am&Forgn Pw(7)pf. 10 Am & For Pwr 2d pf. 4% Am Haw St'ship (1). 9 Am Hide & Leath pf. 417 Am Home Prod 4.20.. 12 AmIce (2) Am Interna Am Locomot p£(7). . 17 Am Mch & Fdy 1.40.. 2 Am Mach & Metals. . 15 Am Metals pt. 13 Am Pwr & Lt (31) 38 AmP &Lt pf A (5) 6 Am Radiator (40¢).. 1% Am Republics. 7% Am Rolling Mill 21% Am Safey Raz (3 12% Am Smit & RIg(5 681, Am Sm & Rfg pf (1). 90 Am Snuff pf (6).. 1. Am Solv & Chem pf 331, Am Stores (12%). 114 Am Sugar (4). 137% 107% Am Tel & Teleg (9).. £9% 66'9 Am Tobacco B (16).. 34% 24% Am Water Wks (3).. 70 Am Wat W 1st pf(6). 3 Am Woolen Co 1515 Am Woolen Co pf.. 19% Am Zinc & Lead pL 8% Anaconda Copper. . 13 Anchor Cap (2.40) 2 3 2 40s 3 5 ® @ @ N o 3 B EEIST=F T YTV 2P POTVINL - [ P @ T ~ANRSOnE BT 70 Anchor Cap pf (6%). mm 1 Armour of 111 (A) 15 Armour of 111 (B) 6% Armour of 111 pf 54 Associated Dry Gds. 71 Atch To & San Fe(6) 76'3 Atch To&S Fe pf(5) 25% Atl Coast Line (4) 8% Atlantic Refining 1712 Atlas Powder (2).... Atlas PoWder pf (6). Atlas Stores (60c) 83% Auburn Auto (f4)... Aviation Corp (Del). 47x Baldwin Locomotive 16's Baldwin Loco pf.... Baltimore & Ohio. ... Balto & Ohio pf (4) .. Barnsdall Corp. Bayuk Cig 1st pf(7). Beztrice Cream (4). Bendix Ava (60c). Rest & Co (2).... Bethlehem St Bethlehem Stl pf Blumenthal pf (7). Bohn Alumn & Bra!s Borden Co (3). Borg Warner (1).... Briggs Mfg (1)..... Bklyn-Man Tran (4). Bklyn-Man Tr pf () Bklyn & Queens. 4 Bklyn Union Gas Bucyrus-Erie. Bucyrus-Erie cv pf. Budd (E G) MIg.... Budd (E G) Mfg pf.. Burns Bros pf (1) ... Burroughs Add (80c) Bush Terminal(2%). 50 Bush Term deb (7).. 1015 Brers (A M) 3 Calumet & Hecla . 10% Canadian Pacific 1% . 4% Capital Admin (A). 221 Capital Ad pf(A) (3) 2614 Case (JI) Co....... 10% Caterplilar Trac (1) 3 Celanese Corp. 21 Celotex Co 9% Cerro de Pasco (1). . 4% Checker Cab Mfgr. 213 Ches & Ohio (2%) 13 Chesapeake Corp(3). 9% Chi Great West pf... 2% Chi Mil StP & Pac pt. 6 Chi& Northwestern. 3% Chi Pneu Tool. 815 Chi Rock I & P: 2 11% Chi R 1 & Pac 6% pf. 14% Chi R1& Pac 7% pf. 10% Chrysler Corp (1)... 1 1 1 40s 1 42 City Ice&Fuel pf 5‘6 1008 5 City Stores. 4 Cluett Peabody (2).. Coca-Cola (18). Colgate-Pal-F (2 ’fi) . Collins & Afkman Colo Fuel & Iron Columbia G&EL(b1% Col Gas&EL pf A (6). Columbia Carbon (3) Coml Credit (1)..... Comel Cred pf B (2). Comcl Inv Trust (2). Com Inv Trust pf(7) 4 Comm Solv (60c). ... Comwith & Sou(30c) Comwlth&Sou pf (6) Congolm Nairn (1).. Consol Film. Consol Film Consol GasN Y (4).. Consol Gas NY pf(5) Consol Laundries(1) Consol Textile...... 47 Contl Baking (A).. % Contl Baking (B). 40 Contl Baking pt (3) 31-. Contl Can (2%). 4 Cont Diamond F. Cont Insur (2.40) Contl Oil (Del). Contl Shares. .. (‘nrn Products (3) Corn Prod pt (7). Coty Inc. Cream of Wi m(v"%) Crex Carpet. . Crown C'k & Crown Cork pf ( Crown Zellerback . Crucible Steel pf ( Cuban-Am Sugar. ... Cuban-Am Sugar pf. Cudahy Packing (4). Curtis Publishing(2) Curtis Publish pf(7). Curtiss Wright...... 1% Curtis Wright (A). 10 Deere & Co pf (1.40). 17% Delaware Lack & W. 122 107 Detroit Edison (8).. 1213 Diamond Match (1). 21% Diamond Mtch pf 1% 733 Dome Mines (1) Dominion Storest1% 47% Drug Corp (4). 464 Dupont de Nem (1) 98 Dupontde N pf (6). 89 Duques Lt 15t pf (5). 6815 Bastman Kodak (5).. 4% EatonAxle& Spr §0c. : Eitington-Schild. 23% Elec Auto Lite (4). 97 Auto Lite pf(7). 114 Electric Boat. 2% Elec&Musical Instra 10 Elec Pwr & Lt (1), Endlcoll-lohn!un(:) Eng PSpfww (5%). ErieRR....... Evans Auto Prod. 4% Fairbanks-Mors: 31 Fed Water Service A 11 Fed'd Dep Strs (30¢). 20 Fid Ph Fire In(2.60). 208 21 6 1 22 168 1 8 1 1 3 2 1 8 1 6 644 Fifth Ave Bus (64c). 1508 12 FirestoneT&R (1). 41% First Natl Strs (Z%) % Fisk Rubber. % Fisk Rubber 1st p(. . 4 Follonsbes Bros 8 Foster-Wheeler 2% Fox Film (A) 15's Freeport-Tex: Gabriel Co (A) . Gamewell Co (1). Gen Am Tank Car(4) Gen Asphalt (1) Gen Baking (2) 10% Gen Elec spec (60c) . 31% Gen Food Corp (3)... 4 Add 00. High, 21 8% §E R NEN N [ [ 3 1 + FEFF FOFEF i 1 S R ¥ FEREREESEIS F ¥ Frlessas ~ FEPEFEFE FEF ¥ [ £ ¥y £E - ~Prev. 1932 High. 2% 37 24% 85 1% 9% 130% 4 24% 164 11% 5% 18% 2% 2514 61 a8 14% 221y 4% 37 41% 1043 109 5% 9 5% 15% 109 18% 7 144 1% 33 30 4 14 3% a4 6l 15% 40% 2% 6l 23 59% Stock and Low. Dividend Rate. 1% Gen G&E A (b6 % stk) 31% Gen Mills (3).. 191 Gen Motors (2). 80% Gen Motors pf (5). 313 Gen Outdoor Adv. & Gen Outdoor Adv (A) 3 Gen Public Service. . 19% Gen Rwy Signal (3).x 10 Gen Steel Casting pf. % Gen Theater Equip. 10% Gillette Stf Ras(1).. 50 Gillette Saf R pf(6). 1% Gimbel Bros. 4% Glidden Co.. 5% Gobel (Adolf) 16 Gold Dust (2%) 3% Goodrich (BF). 127 Goodyear T& R (1).: 43 Goodyear 1st pf (T).. 2% Graham-Paige. 54 Granby Conlol (Wc). 1 Grand Silver Stor 254 Grant (W T) (1). 1614 Great Northern pf(2) 4% Great Western Su Wn Sug pf(7) 20% Hackensack W (1%) 1% Hahn Dept Store Hanna pf (7). 134 Hayes Body Corp. 124% Helme (GW) pf(7). 7313 Hershey Choc (6) 10 Holland Furnace (1). 515 Hollander Son 110 Homestake M 13.50.. 215 Houdaille Hershey. . 16% Houston Oil. . 10% Howe Sound (2) 7 Hudson Motor Car. 3% Hupp Motor! 913 Illinois Central. 21 Illinois Central pf. 1Y% Indian Refining. 2314 Indust Rayon (4). 5 In| oll Rand (3). 415 Ins Shares(Del) 50c. iy Interboro Rap Trans 90% (nt Bus Machine(n6) 14% Int Cement (2)..... 5 Int Combustion - 21% Int Harvester (1.80). 99 Int Harvester pf (7). 8% Int Hydro E1 A (e2). 15% Int Match pf (4).... 74 Int Nickel of Can. 4% Int Printing Ink 19% Int Salt (2). 3615 Int Shoe (3). 15 Int Stlver. e 714 Int Tel & Teleg (60c) . 714 Int Dept Stores (2). 44 InterstateDS pl('l)- 43 Interst DS pf xw(7). 20s 1% Investors Equity.... 2 15% Johns-Manville 14 75 Jones & Laugh pf(7) 5§ K’'mann Dpt Strs(1). 1 Kelly-Spring Tire 6% Kelly-Spr T 8% pf 3 Kelsey-Hayes Wheel 7 Kelvinator Corp 8% Kennecott Copper 10 Kinney (G R) Co pf. 1514 Kresge (S S) (1.60). 4% Kreug & Tollm 161. 12% Kroger Grocery (1). 42% Lambert Co (8).. 36 Lehman Corp (2. 40). 45% Ligg & Myers B (15) Lima Locomotive. .. Liquid Carbonic (2). Loew's Inc (t4) Loft Ine. . Loose-Wiles (t Loose Wiles 1st (7). Lorillard (P) (1.20). Lorillard (P) pf (7). Loulsiana O11. Louisville & N h“) McGraw HIll Pub. . McKeesport T P (4). McKesson & Robbins McKesson & Rob's pf McLellan Stores. Mack Trucks (1). Macy (RH)& Co(n3). Manhat Elev mod gtd Marine Mid1d(80¢c) . . Marmon Motor Car. . Marshall Field & Co. Mathieson AlKill (2) May Dept Stores 1.80 Maytag Co pf (3).... Mesta Machine (2).. Mid Continent Petm. Mo Kan & Texas. ... % Mo Kan & Texas pf.. Missour} Pacifie o 5 o = R YOR- TP JURRT L < JT CTOT - POy Missouri Pacific pf. i Monsanto Chem 1% . 67 Montgomery Ward.. 3 Motor Meter G & El.. % Mullins Mfg. 3 5% Murray Corp. Motors (2).... 5% Nat Air Transport % Nat Bella Hess, at Biscuit (2.80) at Biscuit pf (7) at Cash Reg (A) at Dairy (2.60). 7% Nat Dept Stores 17% Nat Dist Prod (2) 4 Nat Pwr & Lt (1). Nat Steel (2). Nat Supp!y Co.. Nat Supnly pt Natl Surety. 1 11 30s 115 YNH& Hartford. 13 25% N Y Ont & Western. 1 T N Y Steam 1st pf(7). 20s 107 Noranda Mines (2).. 95 17% Norf & Westn (112). North Am Aviatio; Nor Amer(b10 % stk) North Amer pf (3)... 5% Nor Ger Lloyd m2.56. 14% Northern Paeifie (3). % Norwalk Tire 5 Ohio Oil.... 3 Ollv Farm Eq pr pf.. 115 Omnibus Corp. ... .. 6 Orpheum Circuft pf. 1614 Otis Elevator (2%). 315 Otis Steel. 20 Owens 111 G 321 Pacific Gas & Bl (2). 3613 Pacific Lighting (3). 934 Pacific Tel&Teleg(7) 508 101% 101 Pacific T& T pf (6).. 20s 109 314 Packard Motor Car. 5 4 16 Pan-Am PetB(1.60). 1 174 3% Panhandle P& R pf., 208 64 Paramount Publix 57 10 Park Utah. . 2, 14 Pathe Exchange (A) 57 am Peerless Motor Car.. 3% Penick & Ford (1)... Penney (J C) (2.40).. Penna Railroad (2).. Peoples Gas, Chi (83) Pere Marquette pf... 8% Pere Marquette pr pf Petrol Corp of Am Phelps Dodge Co. ... Phila Co 6% pf (3).. Phila & Read C&1.. Philip Mortis&Co(1). Phrillips Petroleum. . Pierce Arrow pf (6) . Plerce Oil. .. Pierce Oil pf Pierce Petroleum. Pillsbury Flour (2) Proct & Gamb (2.40) Proc & Gamb pf (5). Producers & Refin. .. 4 Public Sve NJ (3.40). Public Sve NJ pt (7). Pub Sve G&E pf (5) .. Pullman Corp (3)... Punta Alegre Sugar. 3% Pure Ofl. 10% Purity 5% Radio Corp. . 9% Radio Corp pf B... 2% Radio-Keith-Orph 9 RRSeclliC(3%).. 108 9% Rayvbes-Manhat (1). 1 25 Reading 1stpf (2)... 3 25 Reading Ry 2d pf(2) 10 2% Real Silk Hosfery. .. 2 10 Real Silk Hosiery pf. 10s 2 Remington-Rand.... 12 2% Reo Motor Car 1 4% Republic Steel 6 813 Republic Steel pf. 1 32% Reynolds Tob B (3)., 34 2 3% Rossia Ins of Alner. . 1 13% Royal Dutch of NY.. | j —_— L 39 Safeway Stores (5).. 18 L I8 I | FEFE FFEF FVE FPE + 1+ L+ 1 )+l ++1# Fll+L L +00 0 FEEFEN L+ 1+ 1+t L i | AL PEEEE FE P EFERF ook . THE EVENING STAR, WASHINGTON, D. E5F ¥ FEE FIFE FEEFFS C., THURSDAY, MARCH 10, 1932, FINAN CIAL. W YORK STOCK EXCHANGE | STOCKS IRREGULAR —Prev. 1933 Stock and Sales— MBigh. Low. Diyidend Rate. 4% St L-San Fran pf. 3 31 Savage Arm. 2 23, Schulte Reta! 20% Schulte Ret Stor pf. 1, Seaboard Alr Line 6% Seaboard Oil. Sears Roebuck (1%) Servel Inc. Sharp & Dohme. attuck (F G) (1). Shell Union Oil. Simmons Co. Simms Petro Slnrlalr(‘un!olol : 2 10s Southern Pacific. Southern Railway Southern Rallway pt So Ry M & O ctfs (4) Spald(AG)1st pf Spang-Chalf pf (6).. Spencer Kellog (60c). Stand Brands (1.20). Stand Brands pf (7). Stand Com Tobacco. Stand Gas&El (3%). Stand Gas&El pf (4). Stand Gas&El pf (6). 4 Stand Invest Corp. .. Stand Oil Calif (2).. and Oil Exp pf (5). Stand O1l N J (12) Sterling Secur (A).. Stewart Warner..... i Stone & Webster (1). Studebaker Co(1.20). Sun Ol pt (6). Superior Oil. % Superior Steel Sweets of Amer (1), Tennessee Corp. Texas Co (1). Tex Gul Sulphur (2). Tex Pacific Land Tr. Third Avenue. . Thompson Prod 1.20. Thompson Starrett. . Tide Water Asso Oll, Tide Water As pf(6). Tide Water Oil. 30 Tide Wat Oll pt (5) 163% Timken Roller B(2). 2% Transamerica Corp. . 5 3% Transue & Williams. 4'4__ 2% Tri-Contl Corp. . 2315 1413 Und-Ell-Fisher (2). 10% 73 Union Bag & Paper. 36% 27% Un Carb & Carb (2).. 13% 10% Un Oil of Calif(1. ‘0) Union Pacific (10) Un Tank Car (1.60 Unit Alrcraft. 4 90 Unit Biscuit pf (7).. 80s Washington Produce Butter—One-pound prints, 26; tub, 25. | Eggs — Hennery, 13al4; current re- ceipts, 12a13. Poultry, alive—Old toms, 15al8; young toms, 22; hens, 23a26; crooked breasts, 20; Spring broilers, 11: to 3% pounds, 24a26; Leghorn broilers, 21a23; Winter chickens, 18a20; stags, 12; hens, large, 15a16; medium, 15a16: Leghorn hens, 13al4; capons, large, 24a26; small, 20a23; slips, 18; roosters, 10; | keats, young, 45a50: old, 25a30. | Poultry, dressed—Turkeys, old toms, 18a21; young toms, 25; hens, 26a29; crooked” breasts, 23; Spring broilers, 1t to 31, pounds, 27a20. Leghorn | broilers, 24a26: Winter chickens, 21a23; | stags, 15; roosters, 13; hens, large, 18a19; hens, medium, 18al9; Leghorn | hens, 16al7; capons, large, 27a29; small, 23a26; slips, 21; roosters, 1 keats, young, 60a70: old, 30a40. | Meats—Beef, prime, 13; good, 12; veal, top, 14: good, 13; lamb, top, 17 good, 16: pork loins, 16; fresh hams, 14: smoked hams, 16; strip bacon, 16; lard, in packages, 715 ; tub, 7; compound, 7. Live stock—Hogs, light, 4.25a4.85 me. | | dium, 4.5024.95; heavy. 4.00a4.50; pigs, | 3.50a4.75; roughs, 2.00a3.25; calves, 4.00 a7.00; lambs, 4.00a7.00. | Fruits — Stra w berries, ts, 15; quarts, 30; apples, bu: baskets, 75a1.25; fancy box stock, 1.50a2.50; oranges, 2.50a3.50;. bushel baskets, | 1.50a2.50; lemons, 4.0024.50; grape- Xrun, 1.75a2.50; honevdews, Chile, pears, 3.5024.50; Elsenn 3.00; pineapples, 4.0t 5a2.00; limes, per 100, 2.00; rhubarb, hot house, 1.00; plums, 1.75a2.00; nec- tarines, 2.00; cranberries, 4.50. Vegetables—Potatoes, Maine, 100- | pound sacks, 1.25; New Yor! 1s: | Idaho bakers, 2.75a2.50; ne L | 1.7522.00; seed, 150-pound sacks, 1.758 2.25; sweets, 60a85; string beans. 2.50a 3.00; limas, 3.75a4.25; peas, Cl]l!b(ml crates, 7.00; Florida, baskets, 4.0 tuce, Iceberg, 3.00a3.50; peppers 3.50; cucumbers, dozen, 1.25; celery, 2. 3.00; tomatoes, repacks, 3-pan contnin- ers, 1,75a2.00; originals, 6 -pan contain- ers, 2.50a3.50; squash, 1.50; corn, 10- dozen containers, Florida, 2.75; spinach, 1.15a1.25; kale, 40a50; caullllov\er, 2.15 22.25; mushrooms, 85a1.00. NEW YORK BANK STOCKS NEW YORK, March 10 (#).—Over- the-counter market Banks. Bid Chase . 43 Commercial National First National New York Manhattan County Natlonal © Asked 2 48) Bankers Brookiyn Cent Manufacturers New New York Authorized Service Link Belt Chains & Norma Bearings MILLER-DUDLEY CO. 1716 14th St. N.W. North 1583-4 ~ Idle Money NEVER Earned a Single CENT —but money invested in Associated | Gasand Electric Company 8% Eight Year Guaranteed Gold Bonds (par- ticipating conditionally to 10%) yields initially 8%%. 7% paid im- mediately on partial payments, and on full payments to March 15 when 8%% interest begins. Earnings, after prior charges, ap- proximately nine times interest requirements after depreciation. Available in registered form in de- nominations of $10 and multiples, and in bearer (coupon) form $100, $500 and $1,000. See your security dealer, bank or write for Circular C-92 BOwling Green 9-6070 Add 00. Bl:h. 615 Net. | —Drev.1032 High. Low. \ Stock and Dividend Rate. 9‘- Un!t Carbon Unit Cigar Stores. Unit Corp (40c) . Unit Corp pf (3).. Unit Electric Coal Unit Fruit (3).. lK 9'. 3814 s - LTI Unit Gas&Im(1.20).. 23 Unit Gas&Im pf(5).. U S & Forn Secur... U S Indus Alcohol U S Pipe & Fdry (1) ‘; Pipe&Fy 1st 1.20 113 98% U S Steel of (7). 125 119% U S Tobacco pf (7).. 3 1'2 United Stores (A) 48y 27 50 37 10% 6 Univ Ple Util Pwr United Stor pf (4). 1stpf (8).. & Lt (A) 11’3 Vanadium Corp..... 23 Va Gar Chem 7% pf. 19% Vulcan D' ‘tinning (2) Wavash RR... Wabash R R (A). '« Waldorf Sys (1%) ‘Walworth Co. .. ‘Ward Baking (B)... Warn Bros Pictures. Warren Bros Warren Foun: West Pa El pf (6). West Pa Pwr pf (6 West Pa El pf (7)... 1 Py Western Dairy (B).. Western Pacific pf ‘Western Union (4).. - Westinghse A B(2).. 2 = & Westinghouse (232). = Westvaco Chlor 1.60. 2 - s White Motor. . 2 White Rock (4). Wilcox O Willys-O Wilson & Wilson & Wilson & Woolwor Worthington Pump. 45% Wrigley (Wm) (4).. il & Gas.... verland Co... Co (A) Co pf. th (2.40)... 197 51% 17% 12% Ygstwn Sheet&Tube, 15 -%| 1n % Zenith Radlo........ Kl 9% 6% Zonite Prod Corp (1) 13 9% 9y “1u 8 —1 | 10:30 AM. . 33% + %| 1:30 P.M.. 13 Dividend 84y 185 15% 271 28 102 102 Sales of Stocks on New York Exchange. 200,000 12:00 Noon.... 800,000 2:10 P.M. given in the leclar: 100 shases 13 1s " year—no T Bales— Add 00. High. l.o; clo-; chn 1 +2% + %2 | at a new high for the year. 1 | etill in reflection of the strong financial INDRAGGY MARKET f:'iAttempts to Bid Up Certain Issues Fail to Attract Following. - BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, March 10.—In today's dull and dragging stock market it was only special issues that registered any improvement. It was perhaps signifi- cant that most of these, but not all, | made advances. The most important news was, of course, the reduction of 1 per cent in the Bank of England rate, but that had been expected and was without effect - | on stocks. Prior to the publication of 1| the United States Steel unfilled tonmge " | statement at noon there was no impoy tant industrial news. Dividend lcuom y | were predominantly favorable. The 1, | market, therefore, had little to go upon 14| in the way of fresh stimulus, and for \/, | two hours it dragged along without real 5 | progress in _either direction. 14 | activities were restrained by the con- | tinued firmness in bonds, and attempts % | to bid up prices were heid back by the % | lack of a public following. | Among the specialties International 3 | Silver stood out, up over 3 points and This was % | position revealed in its balance sheet and the expectation that over the longer period silver metal would ad- vance. The stock is in small floating supply and easy to move. Foster Wheeler was strong. also at a new high, and Wilson & So, preferred con- tinued its advance. The Street heard 'a\orable reports about the packing in- dustry Another feature today, as yesterday, | was the strength in Auburn Auto, which seemed to have found a new set of {riends. Other motor stocks were heavy, including General Motors. The railway stocks were inclined to sag. Baltimore & Ohio preferred sold off 2 points, indicating uncertainty as to the safety of the dividend. Reading first preferred made a new low and the sec- ond preferred sold at its old low. Most ‘lmponaunns of cheap products of PETROLEUM INDUSTRY DIVIDED ON TAX PLAN By_ll':! Associated Press. e petroleum industry is a house | aivided “against itself with reupe}cl'. to the proposed tax of 1 cent a gallon on imported crude oil and its products. A recent effort made by the Ameri- can Petroleum Institute to secure a vote on the matter showed a division between those who were importing and those who were not, With less than a majority of the membership voting. Favoring_the measure is the Inde- pendent Petrolenm Association of America, which, through its president, Wirt Franklin, took a leading part in hearings before the House Ways and Means Committee, and has led a long fight for an import tax or tariff. The highlights of Mr. Franklin's remarks at the latest hearings, were that the | domestic industry was demoralized by cheap labor. On the other side of the picture are the petroleum importers, including the largest companies of this country. CHICAGO DAIRY MARKET. CHICAGO. March 10 (#).—Butter, 7.265; steady; creamery, spectals (93 score), 2313; extras (92 score), 22%s; extra firsts (90-91 score), 2115-23; firsts (88-89 score), 2015-21; seconds (86-87 score), 1912-20; standards (90 score centralized carlots), 22';. Eggs, 10,780; steady, prices unchanged. . U. S. TREASURY BALANCE. Treasury receipts for March 8 were $6,- 914,303.57; expenditures, $20,867,002.90; balance, $303,336252.88. Customs du- ties for eight days of March were $6,- 424,686.09. SILVER QUOTATIONS. NEW YORK, March 10 (#)—Bar | silver firmer and ‘q mlhzr at 29%c. FOREIGN EXCHANGE, (Quotations furnished by W. B. Hibbs & Co.) value. London, pound 34.8665 Paris, franc 391%c 1391c 23.83c 5.26¢ 193¢ 13c 193¢ IL 1807 Budapest . Frasue. crown (nofm.j zlo K Nominal gold Selling checks | Roth 1 Today. 26 8¢ 937 discount. “THE Montrea DIVIDENDS DECLARED NEW YORK, March 10 () — mmu( Rate. figa. amie. Ly BK of Spain. 130 peseras Liauidating. Acushnet Mill ...33.25 .. Omitted. Company. United Public pf Mar. 28 Mar. Pe- aSomean, Rate. riod . m Fen Py 36 ot 3150 Q Thianle Reduced. Pe. 1:‘23: Q Gr.s2 Q Stock. Gas & El %% 88 &l 5 et Pay- Hidrs Gompany. le. Chicaso Towel Contl 1l Bk & Globe Underw' Lawyers Title & x' AR ) o 00000 OOOOOODO KREOD DOOOOO DOPO: ©O° O O POOOO " A Air Red: IA - Do, Am Wl’ln r 37 Anglo Lmdon ¥ G - BE-5 B'o?" Col Milan Am Sh.$2.07 r Hydroeec - tal Loan -Soc, R R s e parr baptiarere Sr Toledo L & Toronts, Mige Thited porto. Rica: ©00p DO 0OOD PO il Co, . Lawford & McKim GENERAL AGENTS record. Bue &t this time Horlk's Inc 1% Bf.17%2c @ Due at this time 9N bereratd BREsE 25 HE5E BEEEesl of the rails, however, were simply neglected. As for the Standard shares, the ma- jority of them showed fractional de: clines during the first half of the day One of the better supported was Amer- ican Telephone, in which there wad of | understood to be a fairly large shori interest. International Telephone mark- ed time pending the dividend meeting scheduled to be held after the close. Allied Chemical, American Can and 15 | other stocks of that grade ranged lower. LOANS For Buying. Building or Refi- nancing Completed Properties. Prompt Attention—Reasonable Rate e ";‘ Real Estate Mortgage and Corp. Nat. 1403 Guaranty or T CONDITION P THE UNION LABOR LIFE INSURANCE CO. OF WASHINGTON. D. On the 3ist day of T rembar. ““‘u}' re- quired under section 647 of the Cod for the District of Columbia INCOME. New. premiums ....... Renewal premiums . Total premium income. Total interest and rents.. Other income . Total income. .. DISBURSEMENTS. Net amount paid for losses and matured endowments Other payments to policy holders Qi Guler’ Gsbursements - Total disbursements . ASSETS, e loans on real estate 332391000 oans and premium notes ab7138.00 600.0C 2674774 15,486.23 346.986.00 pos! Porat imterest and rents die and | All other assets Gross assets . | Deduct assets not admitied. Total admitted assets ABILITIES. Net reserve reatised by law Other policy reserves | Total policy claims | Other Iiabilities Capital paid u Ohassigned funds " (sufpiis Amount- of " Grdinarybusinses written during the year, out- standing December 31 $11,535,150.00} Amount of ordinary business written in the Distritc of Co- lumbia durine the year. out- standing December 31... - LUTHER M STEw; cribed and sworn to befe | mh du of February, 1983, ! BERNA L. EBERTS, Nnun Publie. EMPLOYERS’ GROUP” | 725.727 Shoreham Bldg., Cor. 15th and H Sts. Practically Every Kind of Insurance Except Life, Including Fidelity and Surety Bonds. STATEMENT OF THE CONDITION U. S. Branch of the Employers’ Liability Assurance Corp’n, Ltd. of London,England | On the 31st day of December, 1931, a3 re. quired under Secti of 'the Code of £aw Tor the DIstrict. of Cojumbia. Net premiu Total interest and Fents Otker income .. Total income -+335.840,786.12 L {8h356. n All other disburse; Total disbursements ASSETS. Real estate . $4,960,560.38 24,510,544.00 10.087.20 406.544.03 4,858.557.08 305.599.75 511.748.77 mpany’ Deposits in banks Premiums in course of eulle:- crued . All other assets Gross_assets Deduct assets not admitted Total admitted assets... LIABILITIES. ;o:l} unpaid :llum... otal unearned premiums.. Other liabilities 0 Capital paid uj Surplus over all I Total NET PREMIUMS YRITTEN DURING rm D %‘O‘X‘n“ of A:cidenl 8. u"m.so Health 517.00 844.60 7.473,154.02 20,278.51 3.887,7175.71 other than lulu Collective T $25.649,786.12 $103.730.34 Phe Natiohal’ Gonvention of tnsirance Commissioners’ valuations have been ;? determine the market value of securi- es. EDWARD C. STONE, . 8. A bicribed and sworn 1o before me this 8ul Sth day of ary, 1932 : '-fim ELMER ouonToN STATEMENT OF THE CONDITION OF THE American Employers’ Insurance Company of Boston, Massachusetts | On the 31st dsy of December, 1931, as required under Section 647 of the Code of Law for the District of Columbia. INCOME. Net premiums Total interest Other income 179764 44 | Total income . kit 031 B 3 Net amount paid mllcyhold ers for losses S 3348274 2 afowmer disbursements 2.488.7 Total disbursements +.$5,248,500.64 274,165.23 5.735,062.44 H 120,729.00 217.032.89 1.005,974.83 51,955.85 65.263.20 $7.080.955 86 *Bonds and stocks. Deposits in banks. . Gross Deduct. Total admitted assets. .. *The National Convention of Insurance Commissioners' valuations have been securities. LIABILITIES. 1 unpaid claims unearned pre; ai | Sufpius "over ‘Wi ‘Tiabilitics. Total.. NET P'Rmmuu wlu'rrxn DURING District of ficcmen'. g Besi Auto 1,607.30 523,304.63 Workme's compe- 1,188,498 sation 92 164.895.55 268.329 44 76.188.07 158.747.29 50,907.4 35,643.87 671.193.46 4.92 e Auto coliizion Property damage coll oth ..36.870.112.24 | used to determine the market value of | §3|Tnland navigation Tornado, windstorm 2 lone . STATEMENT OF THE CONDITION OF THE The Employers’ Fire Insurance Company of Boston, Massachusetts O, the Jist day of December, 1931, a3 ve; quired under Section 647 of the of Taw for the District of Columbla. INCOME. Net. premiums s Totalinterest and rents Other income. Total income.... . .$2,338,702.53 DISBURSEMENTS. Net amount paid policyhoiders for_los: +$1.243.509.7 All other disbursemerits. . X g::l"l: Total disbursements tRonds and stocks... Deposits in ban! Asents'” balances. ued 3 Al otter assets. Gross assets. .. Deduct assets not admif Total admitted assets LIABILITIES. | Net unpaid claims Total unearned premiums. Other liabilities Capital paid up Surplus over all llabiiities NET PREMIUMS WRITTEN DURING THE YEAR. " District of Total. Columbia. ..SL.093.545.82 34.768.74 1. 479, b 7175811 an ‘mari; Earthquake and transportation ™18 Riot. civil commotion and explosion. ... 3 | Al other Alrcraft AR‘!‘IMA!!POORV( Presi te PRANKLIN ¢, HOR TON. Becretary: bed and sworn to before me this of ,“n& 3 ELMER HOUGH HOUGH Notary Subseril twenty-third (Seal) *The National R e R