Evening Star Newspaper, March 11, 1932, Page 14

"A—14 ¥%$ CAPITAL TRACTION NET SHOWS DROP February Report Reveals De- s cline of $25,321 From fl 1931 Figures. BY EDWARD C. STONE. Cpital Traction earnings in Febru- ary suffered another jolt at the hands of the low-rate taxicab fleet. which con tinues to swarm Washington bywa; and avenues at the expense of the street car lines. Net earnings of the traction lines in Pebrua talled $5200.29, against net profits a decrease in the second month the present amounting to 32121 Capital Traction, however, ea more in Fe than in Jenuary the reason for this being largely due to the influx of teachers in connection with the Winter meeting of the Na- tional Education Association. Other visitors, who came to the city around Washington s _birthday dded to the street car compa: connection with tk earnings, it should that the low-rate taxi fares had not gone into effect in February, 1931. Months' Earnings in Detail. The difference in net carning is largely due to the falling off in over- ating revenues. Operating costs during the month were Teduced. Net operat- ing revenues totalled $275.210.52, against $312.815.13 in the lik> manth a year 8go, a decrease of $37.604.61. Operating expenses called for $220.- 519.50, in comparison with $229.785.64 in February. 1931. Taxes were also Jower by $3.068.75, leaving an operat- ing income of $35464.20, against $60.- 733.89 a year ago, a decrease of over $25,000. Non-operating income was lower, which of course made a further dent in gross. Interest on the bonded debt and other reductions called for $30,352.02, which was practically the same as a year ago in February. Revenue pas- sengers carried during the month totaled 3,367.349, compared with 3,701,- 789, a decrease of 334,440. Summary of Past Two Months. The Capital Traction also reported | earnings today for the first two months of 1932, Total operating revenues reached the sum of $561.912.30, against $660,303.68, an unfavorable difference of $98.394.38. Operating _expenses and taxes re-| quired $493,085.79, compared with $532.. | 595.36 in the first two months of 1931, a decrease of $39.509.57. This left an| operating income of $68,826.51, against $127,711.32, or a decline of $58884.81 Gross was off practically the same amount. Net for the two months totaled $9.- 692.33, in comparison with $68,227.17, | or a falling off of $58,634.84 | Revenue passengers carried on- the| Capital Traction during the two months | numbered 6,880.265, against 7.838,935 a year ago. a drop on paying customers of 958,670. Soper Elected Building Director. | James A. Soper, vice president and cashier of the Lincoln National Bank, has just been elected to the Board of Directors of the Columbia Permanent Building Association, with offices at 733 ‘Twelfth street northwest, to fill the un- expired term of Alpheus E. Riddle, de- ceased. Mr. Soper has been connected with the Lincoln Bank for the past 18 years and has advanced rapidly in his con- nection with the institution. He is past president of the Washington Chapter, American Institute of Banking and is considered one of the outstanding young bankers of the city. The following with Mr. Soper consti- tute the Board of Directors: Melvin C. Hazen, Alfred H. Taylor, William P. Richards, Howard R. Norton, Fred A.| Smith, L. Perry West and H. B. Leary. The officers of the association are: Mel- vin C. Hazen, president; William P. Richards, vice president; Floyd E. Da- Vs, treasurer; Fred A. Smith, secre- | tary, and C. Clinton James, attorney. | New Issues Oversubscribed. Secretary Mills today announced the | subscription figures and the basis of allotment for the March 15 offering of Treasury certificates of indebtedness in two series, both dated and bearing in- terest from March 15, 1932; one series, TO-1932. 3'x per cent, maturing Oc- | tober 15, 1932, and the other series, ‘TM-1933, 334 per cent, maturing Mm'ch 15, 1933. \ The aggregate amount of subscrip- | tions received for the two series $3,402,725,500, of which $952,619,500 was received for the 3'x per cent, T month certificates of series TO-19. and $2,450,106.000 was received for the 33, per cent 12-month certificates of series TM-1933. Reports received from the Federal re- serve banks show that for the offering | of 3!x per cent certificates of indebted- nes of series TO-1932, maturing Octo- ber 15, 1932, which was for $300.000,000, or thereabouts. total subscriptions zg gregate $952.619.500. Of these subscrip- tions $82,593,500 represent exchange subscriptions in payment for whict ‘Treasury certificates of debtedness maturing March 15, 19: were tender- ed. Such exchange subscriptions were allotted in full A. & P. February Sales Off. Great Atlantic and Pacific Tea Co., sales for the four weeks ended Febru- ary 27 totaled $69,860,876 compared | with $82441.142 in the same period of 1931, a decrease of 152 per cent. ‘Tonnage sales for the period showed a | decrease of 6.1 per cent | Stock of the American Telephone & Telegraph Co.. valued at more than | $30.000,000, is owned by more than 10.000 Washington ir ors, John C. Koons, vice president of the Chesa- peake & Potomac Telephone Co., told the Cosmopolitan Club’s weekly meet~ ing yesterday. | Trading was confined to bonds on the W on Stock EXci ‘The market opened with sales in Washington Railws tric 4s, at 84. Another sale ‘Washington Gas 5s, $500 101 Washington b S an improved demand for the Treasury | baby bonds in connection with the | campaign to get money back into use- ful circulation. Each day s shown 8 slight increase in demand for the | bonds over the previous day. More interest is also being displayed in other | inyestments which return larger yields. The limited number of income tax experts in the local banks are being | rushed with work as March 15 ap- | proaches. This service has come to be xreally uppreclfl!cd by bank patrons. | NEW YORK BANK STOCKS NEW YORK, March 11 (#).—Over- the-counter market { James A. Sover. comparisons in be borne in minc was in selling at today reported Bankers S Hnover hem Bk & TIr... mt Bk & Tr. m, Exch . #;:Huum “Ex dividend. FINANCIAL. TRANSACTIONS ON —Prev. 1932 THE EVENING STAR, WASHINGTON, THE NEW YORK Received by Private Wire Direct to The Star Office. ~Pre High, 3 1932~ Stock and Low. Dividend Rate, 2 Abitibi Pwr & Paper. 3% Adams Express Adams Exp pt Adams Millls (2). % Adv Rumle; 28y Afliliated p) 46 Afr Reduction(i4%4) 1% Afrway Elec Appl. .. Alaska Juneau (50c) i Alleghany Corp. - 215 Alleg Cp pf $30 ww. 62 Allied Chemical (6). 108 Allied Chem pf (7). 10%4 Allis-Chalmers(50c) 12 Amerada Corp (2) 1213 Am Bank Note. . 12 Am Br Shoe (1.60). 54t Am (15) 61 Am Car & Foundry.. 25 Am Car & Fdy pf (1) Am Chicle (13)..... x 613 Am Comel Alcohol. . 6l Am & Foren Pwr 154 Am&Forgn Pw(6)pf. 17% Am&Forsm Pw(7)pf., 10 Am & For Pwr 2d pf. 1% Am Hide & Leather. 417 Am Home Prod 4.20. 12 Amlece (2).. . Am International Am Locomotive. 30 Am Locomot pt(7). 174 Am Mch & Fdy 1.40 2 Am Mach & Metals. . 4% Am Metal Co. .. 15 Am Metals pf.... 13 AmPwr &Lt (31) A8 AMP&LUPLA(5). x 48 AmPwr&Ltpf(6).x 6 Am Radiator (40¢)..x % Am Rolling Mill 12% Am Smit & RIg(50¢) iy Am Solv & Chemical. « Am Solv & Chem pf 5% Am Steel Foundry . Am Tel & Teleg (9). x Am Tobacco (16) 2 Am Tobacco B (16 Am Tobacco pf (6). 24% Am Water Wks (3). 1t Am Wat Wks cfs(3). Am Woolen Co.....e 153 Am Woolen Co pf... 2 Am Zinc & Lead. 8§84 Anaconda Copper. .. 6 Anaconda Wire & C. 13 Anchor Cap (2.40) 915 Archer-Daniels (1).. 1 Armour of Il1 (A)... 13 Armour of 11l (B)... 6% Armour of 11 pf..... 71 Atch To & San Fe(6) 7613 Atch To&S Fe pf(5). w Atlantic Refining (1) 4 Atlas Powder pf (6). « Auburn Auto (£4)... 2 Aviation Corp (Del). Baldwin Locomotive Baldwin Loco pf. ... Baltimore & Ohio. Balto & Ohio pf (4). nsdall Corp textrice Cream Bendix Ava (60c)... Best & Co (2) Bethlehem Stee) Bethlehem Stl pf (7) Blaw Knox (50¢). Bohn Alumn & Brass Borden Co (3)...... Borg Warner (1).... Briggs Mfg (1)..... Briggs&Stratton(1). Brockway Mot TrK. . 4 Bklyn-Man Tran (4). Bklyn-Man Tr pf (6) Bklyn Union Gas(5). Bucyrus-Erle....... Bucyrus-Erle cv pf.. Budd Wheel. 5 Bullard Co. Burns Bros(A) vtc. Burns Bros pf 4 Burroughs Add (30c) Bush Terminal(23). Butte Copper & Zinc. 1015 Brers (A 3 Calumet & Hecla 10 Canada Dry (1.20 107 Canadian Pacific 1% . ""‘v Capital Ad pf(A) (3) "ase (J 1) Co . ( ‘aterpillar Trac (1). Celotex vt ctfs. Cerro de Pasco (1) . Checker Cab Mfgr Ches & Ohlo (2%)... Chesapeake Corp(3). Chi Great Western. . Chi Mil StP & Pac... Chi Mil StP & Pac pf. Chi & Northwestern. Chi Pneu Tool. . Chi Rock I & Pacific. Chi R1& Pac 1% pf. Childs Company Chrysler Corp (1)... City Ice&Fuel (3.60). Cluett Peahody (2).. Coca-Cola (18)......x Colgate-Pal-P (234). Colg-Palm P pf (6)..x Collins & Atkman. .. Sales— Add 00. High. Low. Close. Chge. 1208 1 11 12 D E 25 1 1 1 1 31 1 1 1 3 21 2 39 1 1 1 41 13 3 14 3 13 10s 322 1 60s 4z 12 Columbia G&EI (b1 % 40505 Columbia Carbon (3) ‘oml Credit (1).....x Coml Credit A (3)...x 3 Comcl Inv Trust (2). Comm Inv cv pf(es). Comel Inv Tr pf 6% . Comm Solv (60¢). 3 Comwlth & Sou(30c) Comwlth&Sou pf (6) Congolm Nairn (1).. 4 Consol GasN Y (4). Consol Laundries(1) Consol Textile...... ontainer Corp (B). ‘ontl Baking (A). % Contl Baking (B). Contl Baking pf (8) Contl Can (234). Cont Insur (2.40). Contl Motors. . Contl Oil (Del) Contl Shares. Corn Products (3) Corn Prod pt (7) Coty Inc. Cream of W m(v"& Crex Carpet Crosley Radio. Crown Cork pf (2.70) Crucible § “rucible Steel pf (7). ban-Am Sugar pf. Cudahy Packing (4). Curtts Publishing(2) Curtis Publish pt(7). 4 Curtiss Wright. ... “x Curtls Wright (A).. Davison Chemical. .. Deere & Co pf (1.40). Delaware & Hud (9) . Delaware Lack & W. Detroit Edison (8).. Diamond Match (1) . Diamond Mtch pf 1% Dome \Hn-s (). Dominion Storest1% Douglas Aireraft (1) Drug Corp (4)...... Dupont ds Nem (4). Dupont de N pf (6).. Duques Lt 1st pf (5 man Kodak (5) tonAxle& Spr 50c. lec Auto Lite (4).. lec Auto Lite pf(7) ctric Boat. Elec&Musical Instra c Pwr & Lt (1) c Pwr & Lt pf(6). c Pwr & Lt pf(7). Storage Bat (3) PSpfww (5%) eRR.. eRR1stpf.... reka Vac Cleaner. change Buf (25¢). Fed Lt & Trac pf (6). 3y Fed Water Service A 11 Fed'd Dep Strs (80c)., 20 Fid Ph Fire In(2.60). 12 Firestone T&R (1).. 50% Firestone T&R pf(6) 413, First Natl Strs (2%) %4 Fisk Rubber. 4 Follonsbee Bros 8 Foster-Wheeler 153 Fourth Nat Inv 1.10. % Fox Film (A).. xa: A). Gamewell Co ( (2) n Asphalt (1) n Baking (2). 97 n Baking pf (8). 4 114 Gen 48% Gen Cigar (4). 17% Gen Elec (1) 10% Gen Elec apec (§0¢) 31% Gen Food Corp (3). 1% Gen G&E A (b6 % stk) 10 16 1 6 20 62 2 108 21 2 51 120s 2% 21 i 65 20 24 4n 65 29 3% 15 584 2 14% 2% 41 08 19 10% 144 15 13 688 T 37 35% 64 T 12 25% 12% 57 50 & 6 10% 20 4 18% 1 12 334 11\« 106‘: \8 Net. - % =35 -2 =¥ — 3% ] —3l +11 -4 EABANA AN EFEFr;VIE OV || 2z - % — % -2 —13 - 3 —1% + W - % = —1% = -. +1% + % Hish 9a 18% 56% 460 24 597 61% 16% 861y 23% 1% T 14% 2214 n 14 20 417 4% 103 1% 5 163 Low. 21% 86 191, 801y 1 2% 54 1 £ 254 16 11t 1 5ia ™ 1k 731y 781, 1y 5y an 90% 14% 47w 21% 99 Ry 15% 3 Tk 19% 15 Ty By 30 157 5 1 6% 3 “~ 6 60 43 5% % 5 6 164 3y 9y 20 3215 365 934 3a 16 61y 1 L] 1% 64 23 264 17% 88 Stock and Sales— Dividend Rate. Gen Ital Ed EI m2.61, Gen Mills pf (6) Gen Motors (2).. Gen Motors pf (5). 8 86 86 Gen Print Ink (1) 1 11 1 Gen Public Service. & . Gen Realty & Util 1% 1% Gen Steel Casting pf. 9 9 Gen Theater Equip. % Gillette Stf Ras(1). 218 Gillette Saf R pf(6). 864 Gimbel Bros. ... 2 Gimbel Bros pt (7). 21 21 Glidden Co. . 6% 6% Gobel (Adolf) 6 6 1d Dust (1.60). 18% Goodrich (BF)..... 4w Goodyear T& R (1). 16% Goodyear 18t pf (7). 59 Gotham Silk Hoslery 1 Graham-Paige. 3 Granby Consol (50c). 6 and Silver Stor 1 9t 25 871 20% 25 871y 201 25 871 20% % 21% 664 2 e 44 59 1 Grant (WT) (1)....x Great Northern pf(2) Great North Ore(2) . Grigsby Grunow. Gulf States Steel. Hahn Dept Stores Hayes Body Corp. Hershey Choc (6) Hershey Choc pf 15 Hoe (R) & Co. Hollander Sons. ... Houdaille Hershey. Houston Oil........ Houston Ofl (new). . Hudson & Man (.\‘,) Hudson Motor Car. Hupp Motors. ...... Tiinols Central. Indust Rayon (4)... Ingersoll Rand (3).. Inspiration Copper. . Ins Shares(Del) 50c. Interboro Rap Trans Interlake Iron {nt Rus Machine (né) Int Cement (2). x Int Combustion. . ... Int Combustion pf. Int Harvester (1.80). Int Harvester pt (7). Int Hydro E1 A (e2). Int Match pf (4). Int Merchant Marine Int Nickel of Can. Int Salt (2).... Int Stiver Tnt Tele & Teleg Interstate Dep S Jewel Tea (4) Johns-Manville. . rmann Dt ST (- Kelly-Spring Tire Kelly-Spr T 8% pf Kelsey-Hayes Wheel 1 Kelvinator Corp 17 Kendall Co pf (6). 108 Kennecott Copper 70 Kresge (SS) (1.60). x 14 Kress (SH) Co (j1). 1 Kreug & Tollm 1.61. 650 oger Grocery (1). 30 oo B O O I TSSO OIS PP PiC o NP SOYOTS, 1121 151 1% 15 235 1001 111 15 1% 15 15 2315 2314 10015 1001 11 10% 108 1% 17 17 a 3 8 84 8l Ry 211 201 244 23 10 9y 6 6 3% 34m 9% i 214 200 111 15 14 BoaBuBRaansi © ot Be =8 3 s Lambert Co (8) Lehman Corp (2.40). Lehn & Fink (3).... Liggett & Myers(15) Ligg & Myers B (1§) Lima Locomotive. .. Ligquid Carbonie (2). Loew's Inc (14).. Loew's Inc pf (6%) Loft Ine Loose-Wiles (13). Loose Wiles 1st (7). Lorillard (P) (1.20). Louistana Ofl. Lou Gas&El1 A (1%). Louisville & Nash(4) Ludlum Steel. Ludlum Steel pf McAn&Forbes pf(6). McGraw Hill Pub... 20 McKeesport TP (4). 42 McKesson & Rob'spf 3 McLellan Stores. ... 7 Mack Trucks (1). Macy (RH)& Co(n3). Madison Sq Garden. . Magma Copper(50c). Manhat Elev gtd (T). Manhat Elev mod gtd Marine Midld(80c). . Marmon Motor Car. . Marshall Field & Co. Mathleson Alkili (2) May Dept Stores 1.80 Maytag Co pf (3). Mengel Co. ... Mesta Machine (2).. Mid Continent Petm. Midland Steel Prod. Mid St Pr 1st pf (8). Minne-Moline P pf.. M StP & SSM 1sd (4). Mo Kan & Texas. Mo Kan & Texas pf Missourl Pacific. .. Missouri Pacific pf. . Mohawk Carpet. Monsanto Chem 1% . Montgomery Ward. . Motor Me‘er G & Fl.. Motor Wi eel ; Mullins ) fg. Mullins *ifg pt. Murray Corp ash Motors (2) . at Acme Co ‘at Bella Hess...... Nat Biscuit (2.80). at Biscult pt (7) Nat Cash Reg (A) Nat Dairy (2.60). Nat Dist Prod (2) Nat Distill pf (2%4) Nat Pwr & Lt (1). \at Lead pf A (1) Nat Ry Mex 2d pf t Steel (2) Nat Supply pf. Natl Surety. ‘eisner Brothers. .. Nevada Con Copper Newport Industries Newton Steel. \ Y Central, N Y Chicago & St L. Y Chi & StLpf.. Y N H & Hartford. Y NH&H pf (1) Y Ont & Western. ¥ Y Shipbldg pf(7) Steam pf (6). Yoranda Mines (2).. 161 Norf & Westn (112). 120120 North Am Aviation. 3 3 3 Nor Amer (110 % stk) 36% 36% orth Am Ed pf (6). 83 83 ‘orthern Paeifie (3). 19% 19% Norwalk Tire & Rub. 1% 1 Ohio Ol . 6% Orpheum Circuit pf 11 Otis oty Otis Steel pr l’!! Owens 111 Glass (") Pacific Gas & Bl (2). Pacific Lighting (3). Pacific Tel&Teleg (7) Packard Motor Car. Pan-Am Pet B(1.60). Paramount Publix. Park Utah. . Pathe Exchange. .. Pathe Exchange ( Patino Mines. Penick & Ford (1) Penney (J C) (2.40). Penna Rallroad (2).. Peoples Gas, Chi (3). Pere Marquette prpf 308 Petrol Corp of Am Phelps Dodge Co. Phila & Read C&1.. Phillips Petroleum. . Plerce Arrow pt (6) Plerce O11. Plerce Ofl pf. 508 13 1 10, B o T LI Ao - © BB i roeD aF oo % 20% 30% 14y 31 4 2% 3% 62 ™ 51 954 an, % Plerce Petroleum. . 10% Pillsbury Flour (2) Prairie Ofl & Gas Prairie Pipe Lin, Pressed Steel Car. Proct & Gamb (2.48) . Proc & Gamb pf (5). Producers & Refin Prod & Refiners pf. Public Sve NJ (3.40). Public Sve NI pf (5). 5 Public Sve NJ pf (6) Pullman Corp (3). PureOil. ... Pure Ofl pf (8) Purity Bakerie 61y 8%, 24 391y 98y 11 83 574 854 854 mo'o. 100% 21 45 4% 60 60 134% 14 10% 82%4 187 7 11% 30 4 14 3% 12 A 84 60 87 1004 25 60% | Ble 22 9% 2% “9% Raybes-Manhat (1) 25 2% 10 2 1 131 8y 8y 24 24 134 13% 5% 10 25 3% 10 2% 12 Radlo Corp Radio Corp pf A 334. Radio Corp pf B Radio-Ke{th-Orph 10 25 3% 10 2% Reading Ry 2d pf(2). Real Silk Hostery. .. Real Silk Hoslery pf. loo Remington-Rand. Rem Rand 24 pf. Net. Add 00. High. Low. Close. Ch 19% - rtrreertd 12 41 SEE FOFRF FEIEFEST 5% — 1 ‘| Fid & Dip (Md) 32.35 Bales— Jr = Stock and Prev. 1932 i High. Low. Dividend Rate. 3% 2% Reo Motor Car 612 44 Republic Steel 81 Republic Steel pf. Reynolds Met (114). 32%, Reynolds Tob B (3) 13 Richfleld O11 2 Rio Grande O 3% Rossia Ins of Amer.. 13% Royal Dutch of NY.. Teway Stores (5).. Safeway Strs pf (7). St L-San Francisco s an Fran pf. St Louis Southwn Savage Arm. . . Seaboard Ofl........ Sears Roebuck (2%4) Servel Inc. ... 4 Shattuck (F G) (1) Shell Union Oil. Shell Union Oi1 p! Simmons Co. ..... Simms Petroleum 10 Sinclair Consol Ofl.. 186 Skelly Ofl. .vvenann 1 Ofl pt ww. 1 y-Vacuum (1). 263 South Port Rico Sug. 2 i3 ug r'h!)x 40s 508 5 Southn Cal Southern Pacific. Southern Railway . outhern Railway p! alding (A G) (1).. Stand Brands (1.20). nd Brands pf (7). and Gas&El (3%4). tand Gas&EL pf (4). Stand G 1 pf (6) . Stand Invest Corp. tand Ol Ci Stand 0il Exp pf (5). and Oil of Kansas. Sterling Secur (A).. terling Secur pf. teriing Secur v pf. tewart Warner. . ... Stone & Webster (1). 91; Studebaker Co(1.20). 41 Superior Steel Tex Gul Sulphur (2). Tex Pacific Land Tr. Third Avenue. ... 8% Thompson (J R) (1). 6% Thompson Prod 1.20.. 2% Tide Water Asso Ofl. 20 Tide Water As pf(6). 8 Tide Wat Oil(a2h 30 Tide Wat Oll pt (5) 4 Timken-Detroit Axle 16% Timken Roller B(2). 2% Transamerica Corp.. 215 Tri- rnnuCorp 2015 41y 8% SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) Bid. Ofter 8 82 104% nerican Chain Co 65 1933 American Tel & Tel 5':s 1943 Amer. Wat. Wks. & Ei. 5s 1034 Baltimore & Ohio 4'as 1833 Belding Hemingway Co. 6s 1936, Bethlehem Steel Corp. 5s 1936 Canadian Nor. Rwy. 4'zs 1935 Chi. Northwestern R. R. 55 1933 Chicago Rock Island 45 1934 Cl., L. & Wheeling RR. 55 1933 Colorado & So. Rwy. 4'as 1935 Commercial Credit Co. 525 1935 Del. & Hudson 5s 1935. Denver & Rio Grande 4'ss 1936 Gen. Mot. Accep. Corp. 6s 1937 Gieneral Petrolevm Corp. 5s 1940 General Public Service 5'as 1939 Grand Trunk of Canada 65 1936 Houston E. W. Texas 5s 1933 Humble Ol s 1932 Laclede Gas Light Co. 55 1934 Louisyille & Nashville 35 1937 New York Cent. & H._4s 134 New York, Chi. & St. L. 6s 1932 Northwestern Telep. 4'as 1934 Penca. R. Co. 6'25 1936 Portland General Elec. 5s 1935 Republic Iron & Steel 53 1940. Sinclair Crude O Co. 3135 1938 Southern Pacific 55 1934. S0 LI TMS Ry R &G. $s 1033 Union Eiec_ Lt & Pow. 55 1933 Union Oil Co. of Caiif 55 1935 nia Rwy. & Power 55 1034 ish Rwy. Co. 55 1939.. . B0 663, 1024 U. 8. TREASURY CERTIFICATES | (Reported by Chas Rate—Maturity 3las Aug. 15, 1032 23,5 June 15, 25" Mar 15, 1'as Sept. 15 35 Sept. 15, 3'as Dec.’ 1. 334 Feb. 15, D. Barney & Co.) Bid. Ofter. 100 6-3 100 8-32 100 7-32 99'5-32 100 5-32 100 5-32 100 10-32 DIVIDENDS DECLARED NEW YORK, March 11 (#).— Annual. Societe Generale . Vickers Ltd .... Year 1931 Year 1931 45 1r 3 5% Deferred. Bros Stores 7% $1.75 B B Due at this time ¢ % a "% Bi Until end of Mar Ontil June meet Due at this time Q Q Flatb Iny_Oor. §1.30 Tonawan 8 st pf.ibc Do Due at this time Mar. 31 Mar. 19 Mar. 19 Can Indus Lid Clint_T&M Guar '10c Gry T PS (Hart).25c Increased. 25¢ Omitted. Intl Tel & Tel 15¢ Q Jem Nt B (NY). 3150 N Contin Ut A..137'3¢ Do 8% pf..... 5150 Do 7% 5175 Reduced. Apr. 1 Mar.15 e @ Ar i oMaris Q Mar.30 Mar. 2 Regular. Pe Pay Company. Rate. riod. able. Adm & Researc A.25¢ Q ADE. Bank Stock Trust Shrs Ser C-1 Reg 14673.. Apr. Do C-2 Reg 14627 Apr. Cambg Inv Cor A.25c Apr! Can Indus Ltd..62':c Apr. Do pf 1.7 Apr. Carol P&L 36 ‘pi.$1.50 Apr. Do $7 bl 31 Apr. Cent_Tr 53 Apr. Chy Junct Ry & Uy s Stock ~Yards Apr. Do _pt . - Chi Title & Tr..... Apr. Cities Se:vice Shrs.10.94c Apr. 30 Apr. 1 Aprl 1 Tidewater Oil Mar. 31 Mar. 19 Due at this time Due at this time 3 Q Due at this time ivd_Trust (Brookline) . 1st Bk Stk Cor. i National Steel ....25¢ drs. of et e e G S ! (Cinn) & 00O POOOOD: Apr. Apr. Apr. Apr. Apr. Apr Apr. Apr. Apr. May 7% pL H Comw Water & L 7% ol 51 oopl o Davidson Co 51 000 & w ot Driver-H_ 7 pi 3l Duplan Silk Corp pf Elizabeth_& Trenton R R (50) ......5L2¢ Frelman, (A i Ltd pf ...$1.50 Fruebauf Tr pf. 87':c Gardner-Den_pt. $1.15 Gep Ttalian Edison, o00 ® Pt Gray Tele Pay Sta (Hartford) ... 50 Hall Bak Co pf Hanover Fire Ins. .40c Harris Trust & Sav Bk (Chicago) § Havana Elec & R Do cum pf Hewitt Br Soap pf 3150 5 32 Irwin TRW) Go bS5 Joplin. Water Wks .. 3150 Manchést Gas o 3 Do pt 75 Mosutactuer i 500 D. C, FRIDAY, MARCH 11, STOCK EXCHANGE ‘J STOCKS IRREGULAR 14 201y 56% 83 92 Due at this time | Due at this time | 1932. Net. —Prev.} igh. Low. Close. Chge. | Hizh 21y 2y 24 A% 515 5% B4 941y 414 191, % @ Ifi- 38% 2% 55 Unit Un Oil of Calif(1.40) 1 Union Pacific (10)... Un Tank Car (1.60) Unit Afrcraft. Unit Biscuit (2) . . 9 Unit Carbon. . Unit Cigar Store: Unit Corp (40¢).. Unit Corp pf (3) Unit Electric Coal. Tult (3)...... Unit Gas&Im(1.20).. 2 2004 — 14| FINANC Sales— Add 00. High. 13 A4 Net. end Rate. 15 9 ;1‘ -5 U S & For Sec pf(6). Gypsum (1.60).. Indus Alcohol US Leather (A). 10'; U S Pipe & Fdry (2). U S Realty & Imp. Rubber. . Rubber 1st pf... Smtg & Ref (1) Steel (2)... Steel pf (7). Tobacco pf (7 United Stores (A) )ee =3 Univ Leaf Tob (3). 40 10% 6 187 297 Utah Copper. .. Util Pwr & Lt (A) ~ 11’3 Vanadium Corp 19% Vulcan D'tinning (2) 100s 21 30s Wabash R R. 1 Walworth Co. 1 Warn Bros Pictures. Warren Warren Wesson West Pa El pf (6) Western Daliry (A). « Western Dairy (B). » Western Maryland. . +w 55 Bros........ 750s " Broscvpf3. 10s 3% —1% 01l&Sn (1). 1 12 2% — 1 10s — | 2 — 4| - ‘- -y Western Union (4).. Westinghse A B(2). . w 1% 3 18 36% jt 45% 105 174 9 10:30 AM...... 1:30 P.M. Dividend rates as siven in the above table payments based on the latest quarterly or *Ex-dividend. s Unit of trading less tha: in ® Payable in cash or stock. extra. 3 Plus 4% | stock. 2%2% 1n stock. tinghouse (21 ) . : Westinghse 1st (3%) + White Motor. R White Sewing Mach. White Sewing M pf -5 Wilcox Ofl & Gas. Willys-Overland. % Wilson & Co........ 8 e = Wilson & Co (A).... 5 5 ! Wiison & Co pf. Woolworth (2.40) Worthington Pump.. Wrigley (Wm) (4).. b 8¢ Yale & Towne (1) 9 1 5 31 Yellow Truck. . 12% Ygstwn Sheet&Tube. 6"1 Zonite Prod Corp (1) Y " Sales of Stocks on New York Exchange, JPlus 81 in special preferred stock. k Plus 3% mPaid last year—no regular rate. nPlus 5% in stock P Plus Y -1y 10 s + 200,000 12:00 Noon. 500,000 : % 1,000,000 the annual eash Iy declarations. 100 shares. t Partly —00 regular rates. f Plus 8% in stock. hPlus 29% i in stoek. tock. s Paid this yes Butter—One-pound prints, 26; tub, 25. Eggs — Hennery, 13al4; current re- | ceipts, 12a13 Poultry, alive—Old toms, 15al18; young toms, 22; hens, 23a26; crooked ‘bmms. 20; Spring broilers, 1% to 3% | | pounds, 24a26; Leghorn broilers, 21a23; \Wmur chickens, 18a20; stags, 12; hens, large, 15a16; medium, 15a16; Leghorn | hens, 13al4; capons, large, small, 20a23; slips, 18; roosters, keats, young, 45a50; old, 25a30. 24a26; 10; Poultry, dressed—Turkeys, old toms, | 18a21: young toms, 25; hens, 26a29; crooked breasts, 23; Spring broilers, 1'; to 31 pounds, 27a29; Leghorn| brmlcrs 24326 ‘Winter chickens, 21a23; stags, 15, roosters, 13; hens, large, 18al9; hens, medium, 18al9; Leghorn hens. 16al7; capons, large, 27a29 small, 23a26; slips, 21: roosters, 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, 7':; tub, 7; compound, 7. | _ Live stock—Hogs, light, 4.25a4.85; me- | dium, 4.50a4.95; heavy, 4.00a4.50; pigs, 3.50a4.75; roughs, 2.00a3.25; calves, 4.00 27.00; lambs, 4.00a7.00. Fruits—Strawberries, quarts, 30a35; npples. 75a1.25 oranges, 1.50a2.5 ints, 15a1713; hel bul!'& fancy box stock, 150a2.50; 2.50a3.50, bushel baskets, lemons, 4.00a4.50; grape- fruit, 1.75a2.50; honeydews, Chile, 1200; pears, 350a450; alligator pears, 3.00; pineapples, 4.00; bananas, | 75a2.00; limes, per 100, 2.00; rhubarb, | hot house, 75a90; plums, 1.75a2.00; nec- tarines, 2.00; cranberries, 4.50. | Vegetables—Potatoes, Maine, 100- | |pound sacks, 1.25; New York, 1.15: Idaho bakers, 2.25a2.50; new, bushel, | 1.75a2.00; seed, 150-pound sacks, 1.75a 2.25; sweets, 60a85; string beans, 4.00a 4.50; limas, 500; spinach, 1.00al1.25; kale, 40a60; peas, crates, 6.50; cabbage, 2.00a2.10; celery, 2.50a3.50; eggplant, 2.50a3.00; squash, 2.00; peppers, 3.00a . cucumbers, dozen boxes, 125; turnips, crate: carrots, 3.50a4.00; originals, 2.50a3.00; repacks, 3 pans, 1.75a2.00; mushrooms, 85a1.00; uparsgu.!, 6.00a10.00 tomatoes 6 Brazil has abolished the exemption from duty on imports of government supplies. First Mortgages for Sale 6% JAMES F. SHEA 643 Indiana Ave. N.W. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. N.W. s of stock now open for subscription es F. Connelly, ey et Baw ¥ S o7 Munsey Trust Co (Wash D_C)..51.25 Murray (J W) Mig pf ........ Natl Screen Serv Newberry (J J) Realty 8la% bl .o Do 6% pf N Ene Bauit 8% Northwestern P Serv 7% Bf... Pkg Mch_1st pf Packer Corp b Pa Tel Corp pf..31.50 Phila_Nat Insur...30c Plainfid Un _Wtr.31.25 Porto Rico P_pf $1.75 Proc & Gm 8% pf 32 Prv_& Wor RR. $2.50 Rensselaer County. Bank (N_Y)...12.50 Richmond Water ' Wis Rite Whmiet Do pf : Rocher Tei’ Gor 3133 Rockyille Willimantic, Lic 6% pf.....$1.50 Rockyille Willimantic 6-77% Pt -$1.75 Sec Tr Co (Wiim). 54 Short-Term Trust 8hrs U Reg... 8o_Pittsburgh Water 7% Do 6% bf Standard Power & Lt (Del) of....51 Tele Tnv Corp. ... Vt & Mass RR Co..53 t Side Trust (Newark) (§25)...81 ton 0D D DOOD © DPLOOOLLO OOO OO © DOOO WDEOODO © 60 O i Mbe e baaivene s B5 5 BRSE a oS5-25 o 0 o wEo PO s 6 First Mortgage Notes Secured on Individual Homes An investment medium that has passed every test. Pro- tected by fire insurance and title guaranteed by financially responsible title company. /O AND SAFETY Invest in Denominations of $100 svp vore 13; | 3.00a3.50; beets, 2.75a | | U. S. TREASURY BALANCE. ‘ By the Associated Press. Treasury receipts for March 9 were | | $5,441.068.44; expenditures, $13,365 |254.37; balance, $295,412, 066.95. Cu toms duties for nine days of March | were $6,973,916.08. SILVER QUOTATIONS. | NEW YORK, March 11 (#).—Noon— Silver futures steady; . sales 400,000 | ounces. Quotations in cents: March‘ 30.87 bid; May, 30.35; July, 30.70; | ‘E‘?umber. 31.00 bid; October, 31.15 | | === | INTEREST RATES. | By the Assoclated Press. | Average time money rates receded | | slightly last week, but the rate for call funds remained unchanged. In the | table that follows the average rate for | both classes of funds is given for ccm- | parable periods as calculated by the Commerce Department: Week ended March 5.. Previous weel | Same week last ve: FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominat gold Selling checks London, pound. Paris, franc Brussels, beig: Berlin, mark Rome. ' lir Zurich, " frage drachma. | Budapest. pengo. | Prague. crown (nom.) Warsaw, zloty..... Coren)u(en crown. Gslo. crown Stockholm. crown. . 26 Montreal. o] 10%7 discount O Organized 1879 O L | JOHN JOY EDSON, President I SAVE As You EARN tion — the \ L you money. =TT O SAFE IR ST when you 612% F First, the securit praised, im estate. ver @ Third of a Century will be pai Without a gage, maki investment. May be from $250 52nd YEAR COMPLETED Equitable Co-Operative Bldg. Ass’n Subscriptions for the 102nd Issue of Stock Being Received Regardless of what the occasion may be— a home—old age— your children’s savings plan of the Equitable will help to accumulate 915 F St. that IAL. - IN QUIET TRADING Slight Reactionary Movement Noted—Some Issues Move Against Trend. BY GEORGE T. HUGHES. Special Dispatch to The St NEW TYORK, March 11.—A re- actionary trend was still in evidence in today's stock market, but it was so Ught as to carry no significance Stocks declined fractionally in the Quietest of trading, with only a few cases of real weakness and with a num- ber of issues moving against the trend. There was little in the outside news to change sentiment at the opening. The financial situation, as distinguished | from the business situation, provided reasons for optimism, but that has been true for some time. Omission of the dividend by International Telephone & Telegraph, announced after the close | yesterday, had been anticipated. | The best showing was made by the oil stocks under the leadership of Standard of New Jersey, in which in- vestment demand was making itself felt. Jersey Standard has always been a favorite with the small buyers, but their purchases would not count for the firmness in the stock today. Lower- priced oils were turned over in large volume without making much progress Another point of strenfth was A burn Auto which crossed $100 a share in the first hour, supposedly represent- ing the efforts of a new-born short in- terest to extract themselves with the least possible loss. J. I Case was su + ported for somewhat similar reasons. Against these could be set the heavi- ness of the standard issues. United States Steel was in supply on every rally and so was American Telephone & Telegraph. American Can, Allied | Chemical and some of the food shares sold off easily. Merchandising stocks were heavy, including Woolworth and Safeway Stores. Probably the selling in most of these came from operators who had concluded a temporary turn was due. The railway stocks moved with the industrials. Union Pacific and Atchi- son were off a point or two and a number of the railway preferred issues sold at or around their lows, including Baltimore & Ohio 2nd Reading. Not enough of the February earnings state- | ments are at hand to show how much benefit was derived from the wage cut, but so far indications are that the falling off in traffic offset savings on wage accounts. One factor that worked against the market was the delay in the motor car manufacturing program. Except for Auburn, which is in no wise typical, | automobile stocks sagged. Studebaker | made a new low, though only by a small fraction. Du Pont was down over a point. 6% 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. FIRST MORTGAGE NOTES Conservative Appraisals Insur- ing Absolute Safety - IN DENOMINATIONS OF $250 and upwards BOSS & PHELPS Realtors 417 K St NAtional 9300 L WALTER S. PRATT, Jr., Secretary $6,124,601.00 educa- systematic g $2.50 Share i I = MORTGAGES YOU CAN BE SURE OF TWO THINGS make investment in our IRST MORTGAGES your principal has v of conservatively ap- proved Washington real Second, that this liberal interest d regularly and contin- uously during the term of the mort- ng a safe and profitable purchased in amounts up. B. F. SAUL CO. National 2100 THERE 925 15th St. N.W. IS NO SUBSTITUTE FOR SAFETY