Evening Star Newspaper, March 13, 1932, Page 62

4 BONDS IRREGULAR AT SHORT SESSION Substantial Gains of Recent Weeks Followed by Recession. BY VICTOR EUBANK, Associated Press Financial Writer. NEW YORK, March 12.—The bond market displayed an irregular tome to- day, with various issues giving up mod- erate portisns of the substantial gains which they have been acquiring since the first of the year. The railway department, which evinced signs of feebleness yesterday, ‘was unable to resist the selling flurries in today's brief session a.nd pmuo.lly L Smenais peiege vae y es, however, were moderate in mut Some of the Canadian Pacific loans ‘en i.nnllmd to meve against the trend, those of Southern Railway. Pflncip&l losses were tlk!n by the low- priced carriers, such Chicago & Northwestern 434s, luinoh Central 43 ’Frisco 412, Baltimore & Ohio 41gs And most of the Missouri Pacific issues. ‘The United States Government group, which for some time has been making new high records, also turned easy n sympathy with corporate mortgages. Changes in this list, however, were ex- tremely narrow and offerings dimin- ished as prices softened. Utilities and industrials presented a somewhat mixed appearance, the ma- Jority selling a shade under their prices ;lmevut«irdly Bands of American & ‘hile Copper and Youngstown Sheet & Tube were in- clined to resist. 5 German government Ts lnd 515 led after earlier hesitation. tine list held around the cqg prices of the yur and Japanese loans were CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. tng 5 todhy's summary of DRworant y’s summary o corporation news prepared by Standard Statistics Co.,, Inc, New Yark, for the Associated Press. News Trend. ‘The weekly reviews of the tile agencies report that there is a better tone in business and industry. ‘The shoe industry has shown marked improvement with u:a Newnmhmnd factories running near capacity, textile trade is fair with some branches, such as boys' clothing, doing In general, retail trade has not shown any inerease and sales are below a year ago. In the heavier industries, steel is reported as holding the February level with some evidence of expansion in rallroad buying. The Industries. Copper—Limited offering of copper m-clicm:wundellm h’n‘u po':u up ¥ eent; Natlonal Supply Co. of Delaware 1931 deficit $4,495,797 vs. net income $3,- 624974, equal to $492 a common share. Richfield Oil of California—Receiver appointed for Pan-American Petroleum Co., & subsidiary. Sheaffer (W. A.) Pen declared 50 cents common dividend; paid $1 Sep- umber 15, 1981. Knitting Co. declared dividend ; last payment, American $3,920,384, vs. net income deficit !'l'll“'. usl m fl 41 a cmm g 5 l‘.‘ FINANCIAL. UNITED STATES GOVERNMENT. 1983 — High. Low. Close. Chse. 942 Lib3%4s1932-47...., 997 986 9722 Lib 1st 4% s 1932-47..100 10 100 1 988 Lib 4th 41(%1933-38. 10028 1005 8724 US3%s1940-43 964 954 8720 US 3%s1943-47 8916 U S 3%51946-56 94 US4s1944-54 9830 US4Ks1947-52.. 1005 76% Abram & Straus 54 '43. B3 Alleghany Co cv 58 '44 Am Beet Sugar 68 '35 Am Chain 6533, AmIG Chem 51 Am Internation § X9h Am Sugar Ref 683 4 Am Tel&Tel cv 4% 1 Am Tel & Tel s f Am Writ Pap 6 Argentine 58 June Argentine 68 A ' Armour & Co 43 Armour of Del %5 43. .. Atch T & S Fead) 4s'95. . Atch T & S F gen 45’95 Atch T & 8 Fe 434548, Atlantic C L 1st 4s Atl Coast Line 43%s €4 Atlantio Ref deb bs '37 Australia §s ‘55 Austria 7s'43 B & O gold 454 B&Ocv4ns's B&OS W Div5s's Bangor & Aroos 4s % Bank of Chile 61255 Bank of Chile 63,s'61. Belgium 68 '65. . . Bell Tel (Pa) ref Beth Steel p m 55 '36. % Bolivia 7a et '69 983 Bordeaue b 34 67% Boston & Malne 55 '67.... 16 Braall 61s 1926-57 18 Brazil 8s'41. 3 80 Brooklyn Manh Ist6sA.. 92 Brooklyn Union 5s'50. 87 Canada 53 '52.... 72% Canada Natlonal 4% '54. 78 Canada Natl 41ss’'57 . 72% Canada Natl 41;s'68 80 Canada Natl 58 July '69 80% Canada Natl 65 Oct '69. 57% Canadian Pacific deb 4s. 76 Central Pacific 4549 66 Central Pacific 58 314 Certain-teed 53 s "4 61% Chesapeake Corp 5s'47 B5 Ches & Ohlo gn 4145 '92. 77 Ches& Ohlo 4348 A'93. .. ‘IB% Ches & Ohlo 4145 B '95. ChiB&Q4%sB'T1. Chi B & Qref 5s'7 Chi & East 111 gn Gs Chl Great West 45 '59 % Chi MStP & P 6s'75 Chi M 8t P & P adj bs Chi & Nwn ov 43,549, Chi & Nwn 6% 838 Chi Rock Isl 4% '8 Chi Rock Isl 4148 A % Chi Union Station 4 Chi & West Ind con 4 Chi & West Ind 5% Chile Republic 8s '60. Chile Copper §s '47. . CCC&StLrf4%sE'TT. CCC&BtLSsD. . - Cleveland Term s B'73.. Cleveland Terminal 5%s. Colombia 65 Jan '61 : Colon Oil s '38 Celo & Sou ref 4%s'35. Columb G & E deb 5s'52. . Comm Invest 5%s 49 . 19 Con Coal (Md) 1st retf 5 55% Copenhagen 6a'52. 30% Cuba R R 68 '52 18 Cuba Nerth5is '42. 89 Cszechoslovakia 51, 89 Del & Hudson 5%8'37. 62 Denmark 6 %s '56. 7.% Denmark 6s '42. Den & Rio Grande cn 4s. . Den & R G West bs ‘5. Den & R G West 6578 “\0 Fioland s '50 Flor Bast Coa: 10 99 10010 +.08 10018 +.13 95 20 +.20 956 +1.06 720 +.08 100 25 +.19 .10320 102 16 1031 High. Low. Close. Chge. 8215 83% +14 32 Net +,22 44y 70% 84% 663 5614 Italy 78°51.. Japanese 6% s '54. Kan City South 35 '50. Kan City South 55 '50 Kan City Ter 1st 4 Kan Gas & Elec 45 Kendall 6158 48 (war) Kreug & Toll b3 Lackawanna S Laciede 518 D60 Lehigh Val cn 4s 2003.. Liggett & ) s 5 Loew's Inc 8: Louis & Nash uni 45 '40. Manati Sug s £ 7l%s" Market St Ry 78 A "40. Midvale Steel b8 '36. Milan 6%s'5: # MUEIR& L Mo Kan & Tex 1st 48 '90 i Mo Kan & Tex ad) 58 Mo Kan & Tex pr In 55 A Mo Pacific gen 4875 Mo Pacific 55 A '65 Mo Pacific 58 F' Mo Paclfic 6s G Mo Pacific 5s H Montana Power 5s Nat Dairy Prod 5%s"48. Netherlands 6s'72 +.01 Net + % -1% + % T ¢ Cent deb 48 '34. ¥ Cent deb 63 " C . ¥ Chi&StL 518 A. ¥ Chi & St L 65°33. ¢ Edison 15t 6155 4 N H& Hart 4 38l Y N H & H clt 6540 Y N H & H cv deb 68 NY Wes & Bollhl 46. Norfolk & W cn 4s'96. North Amer E4 6s North Pacific 3s 2047 North Pacific 48’9 North Pacific 58 D 2047. North Pacific r i 63 2047 Northern States Pow bs. Norway 648 Orient Dev §1g8 ‘57 4 Pacific Gas & El 542 Pacific Tel & Tel b Pan-American s ' Paris Orleans 5145 '68 Penna cn 4% Penna zen 415 Penna R R 413870, Penna 4% '63. Pennu 5s 64 4 Penna gen 5" Penna 6! Peru 6s Phil & Read C & 16549, Philips Petrolm 53, s '39 Pittsbgh&W Va 4148 C 4 Poland §s 50 Postal Tel & Cab 5 Queensland 65 '47. i Queensland 7s'41. Reading 4348 '97 Reming-Rand 5 s '4 Rhinelbe 7s, .. . Rhine Westphalia 6s'53. . Rio de Janeiro §s '46. ... Rio Grande Do Sul 6s '68 Rio Grand West col 4 RIATK& L 4%5'34, Rome 6% 6 SLIM&ESR&G 48'33.. StL&SF prin4sA’s0. StL&SF 4%8'8 i StL&SF 55 B'50 St Louls 8 W con 4: BtPKCS Lined%s '¢l.. SaoPaulo Stats of f5'36.. Serbs Croats Slov 7s ' Serbs Croats Slov 8s Sinclair Ol 78°37. 4 Sineclair Crude Ol 5 Sinclair Pipe Line 58 Southwes Bell Tel South Pacific col 4 South Pacific ref 4 South Pacific 4%s . South Pacif 4%45°69 ww. . South Pac Ore 4%s'77 Southern Ry gen 45 '66 Southern Ry 1st 5894 Southern Ry gen 6s 56 South Ry dev §%s '5i 4 Stand Oi' N J bs. Stand OIl N Y 4% '51. N Y Cent rf imp 65 2013. .. Ore Wash 1st ref 4= "61... Para-Fam-Lasky 65 '47. .. Paris-Lyons-Med 6s'58. .. Net High. u-. aou Chge. . b6 +4 +3 A +4% + % +1% + % +2 ] +1% —24% | PROJECT IS SOUGHT High. Low. _Dividend Rate. €51 59 U S Tobacco (4.40).. 119% U S Tobaeco pf (7). 16 Univ Leaf Tob (3)... 37 UnivPlolstpf (8).. % Unty Pipe & Rad. Utah Copper. . 1084 Util Pwr & Lt (A) % W vadsco Sales Corp 18% 11'% Vnnldlum Corp... 59 39% 23 Va Car Chem 7% pf. 20% 19% Vulcan D'tinning (2) mo- —_— 1% Wabash R R (A) Wabash R R. . Waldor! Sys (1%) Walworth Co. .. ‘Ward Baking (B)... Ward Baking pf (7). Warn Bros Pictures. Warner Quinan..... Warren Bros cv pf 3. Warren Bros .« 22508 Warren Found &P.. 8 Wells Fargo........ 1008 Wesson O11&Sn (1).. 4 ‘Wesson O&Sn pf(4). 3 West Pa E1pf (6)... 3108 West Pa BIpt (1)... 708 ‘West Pa Pwr pf (8). 130s West Pa Pwr pf (7). 508 103% Western Dairy (A).. 4 2% Western Dairy (B).. 13 7 108 We | Fs #5 ssex s eExs umno Wi i+l - \\llum & e 104 +1 24 174 9y 1% M 6 Dividend rates as 20' Yellow T +1 SPirane sZaable in cam oF m Paia %% in stoc L Stock and Dividend Rate. Western Maryland. . Western Pacifi pt. . Western Unfon (4) . W stinghse A B(2).. inghouse (2% Y Westinghse 1st (334 ) 1708 Westvaco Chlor 1.6 White Motor White Rock - White Sewing Mach. White Sewing M pt. . Wilcox Oil & Gas. i Plus 31 in last year. nw-et verland Co pf. Woolworth (2.40) . Worthington Pum Worth Pump (A). Worth Pump (B. Wrigley (Wm) ( 8% Yale & Towne (1) 5 34 Yellow Truck. ruck pf 125 Ygstwn Sheet&Tube. 7' Young Spring&W (1) % Zenith Radio Zonite Prod given In o FINANECYAL. Bales— Add 00. High. 917 14 | chological, 10 Payments based on the latest quarterly or half- “Ex-gividend. s Unit of of trading lesa than 100 shares, 3 Pary yoar—no A ki !n shock. h‘ Ao o'Flus 0% G steer U.S. AID FOR RAIL & 13 Fulfl’-’.fl‘hl'". 116% 108 m.«u. V8. l'l ul‘?i Jll\llfl 1, 1931, etal Construction divi- dmd. p-m 10 cents January 3, 1931, General Motors.—PFrigidaire price cuts range up to 18 per cent, Karstadt (Rudolph) A. G. sales off 14 per cent in fiscal year ended Jan- uary 31, 1932. Midland United 1931 commen share earnings on average number of shares outstanding 3¢ :enw va. $1.06, Norwalk Tire itial quarterly d-\. lal r) on new unrfinm Wheeling 1931 deficit $3,339,~ 159, ot VA I iug:_ufilflu ;mumn- % 1992, ‘Tea sales, four weeks h!mm'y 27, off 193 per oent; weeks, off 17.6 per cent. CHICAGO LIVE STOCK MARKET CHICAGO, March 12 (%) (United States Department of Agriculture).— Cattle—Receipts, 200; compared week ago better grade fed steers after 1 early 50a75 advance closed abeut in line with week earlier; sentiment, how- ever, being dull and weak; shippers, after buying freely early in week, bought frugally late, thus erasing early urturm declines featured all steers value to sell at 6.00 upward, but common kinds at 5.50 downward held , closing 25a40 higher for week; ex- but closed 25 higher than week earlier; lower grade yearlings and all buteher heifers, unn hllh'l’, beef cows mostly 50 up. with eutters strong to 26 and bulls §0a75 higher; vealers ed 150a2.00, largely steer run; stockers scarce and firm to 26 higher; mostly 4.2585.25; best, 5.50. Sheep—Receipts, 4,000 head: today's market no “tnal; for week ending Fri- day, 101 doubles from f stations, 6.200 direct; fat lamhs around 1.00 higher; better grades showing V- iness at the close; sheep, 50 3 feeding lambs nominal; broad shipping demand until the close and consist- ently higher dre prices were strong | ma factors in the live fllada! bulks follow: Better I-l' 6.7 7.25; few, 1.50; .ukl'ap : high- est_since iu ehniu : wnoled lambs, 7.258 mruvuuu 5.5086.00; fat ewes, 3.50 84.00; best, 4.50. , 10,000 head, includ- Hop—m ing aooo direct; uneven, unfll French 7s'49. 116% 110% Frenoh 73s '¢1 434 33 56% 36% 108% 97T% 4% - 27 42% 274 854 57 % e eral Cable 518 Gen Motors 6s°37.. German Intl 5%s 6 German Bank 6s'28 German 75 '49 Goodrieh (BF) 65 Goodyear Rubber js 87% Grand Trunk s f deb 6 93% Grand Trunk 7s '40 66 Great North 4%s " 58 Hudson & Man adf §s '57. 80 Hudson & Man rf 65’57, . 99% Humble O & R %5 '32. Ilinois Coent rf 4555 Illinois Cent 4% Union Pacific 1at 4s Union Pacific 48 '“ 4 United Drug Utd Kingdom 5445 '37, U S Rubber 18t ref bs. Uruguay 65'60. .. 4 Utah Power & Light bs. Utilities P & L 6%s '47. Vienna 6s '52... Va Ry & Power 58 '34. Virginia Ry 1st 55°63.,. ‘Walworth Walworth Inland Steel é3%8'7 I Rapid Tran 5 "6/ Inter Rap Tr 6s'66 su, . Inter Rapid Tran Inter Rapid Tranov Ts Inter Cement s tl Inter Gt Nor Warsaw West Shore 1at 43 West Maryland 455 W Maryland 5%s '77. ern Pacifie 53 ‘¢ Western Unlon Tel 6%s Wilson & Co 1st 65 '41 +3% & Inter Match bs '41 Inter Mer Marine 65 '41. .. Yokohama 6s'61. . -3% +1% Commodity Price Trends of Week BY H. N, MeGILL, ©Of the McGill Commodity Service, Inc. AUBURNDALE, Mass., March 12 UP), —Cammodity pm:u recorded an up- turn during the put week for the nm tln‘ since January 1 eommodity lndex increased frac- ly due to stronger agricultural live stock prices. Out of 14 individ- ual groups, five were higher, six lower and three remained the same as in the previous week. Indystrial prices uu-a to pnmiuma in the upward tmtg jne wuu tendenc; Al as bnn ce- nble for weeks. and non-ferrous meuln and coarse textiles were the m-u.u., mdmwufit pulp remained the tame. Buliding | , fyels, paint materials, fine textiles and vegetable oils were lower, industrial activity continyes in the low u-end dmee and in regard “n ustrial mflyfl lmprovemen}t‘ con- uation reg oard- “t‘nk ures and bond prices, and and | rate men! of 4.30a packing 50 medium an good, 375-500 poundl 3.8584.15; pigs, md cholce, 100-130 pounds, 4.50 . Gold Stocks Gain. NEW YORK, March 12 (#).—A fur- in of ol.nuoo in the country’s stock of gold resulted from of the better interna- Morul flmnehl llm hm is seen in the sharp advance An und lterl.\ux in the reduction the discount of the Bank of England. A pay- ent of 10 per cent by the mlchsbmx .fl”t ted it last import of um amount from - | the today's statement of ew Pederal Bank L were no n gold earmarked Azncunuul prices recorded an up- turn after reaching a new low it in the previous week. Exports of ricultural ecommodities have sho severe contraction as the result of ther import barriers erected in tord;n countries. Cotton has been an excep- tion. It is becoming increasingly evi- dent that the Lausanne conference, in June, will be a vital factor in determin. ing the course of international trade. Most important price changes in the McGill weekly commodity price indices, s | 1926—160. Hlvlznl Year AW S l”.‘,y"fl.?“"'"’ NET PROFIT SHOWN. ETROIT, March 13 (Special) —¥or the ot tms in 37 puscescive months t out ol the 'nlm?;:u -mmmud to rh'-ly ‘more than §3,00 DEFICIT REDUCED. SAN FRANCISCO, March 12 (Spe- 14 ll :?Il\lloflluu CHARLESTON NAVY YARD OFFICER DIES SUDDENLY Comdr. Beall, 49, Native of West Virginia, to Be Buried Mon- day at Arlington. By the Assoclated Press. SUMMERVILLE, 8. C, March 13— Comdr. Grafton A. Beall, 49, whe had ~ | been stationed at the Charleston Navy Yard since last November, died sudden- 1y at his home here yesterday. He will be buried Monday in Arlington Cemetery. dunn was given as the cause m cmndr Beall was & native of West latest assignment Bm;" His t was at CREDITS MORE LIBERAL - | Resigns Post When Ma railway deficit for | economic situation. Pro- e fart 8 cena 1 - Pennsylvania Application Re- | veals Difficulty in Obtain- ing Loans. BY CHARLES F. SPEARE. Bpecial Dispatch to The Star. NEW YORK, March 12—A picture of officials of the powerful Pennsyl- vania Railroad Co. going about among the banks last year and soliciting a loan, in order to carry on their pro- gram of electrification of the New York-Washington line, may be drawn from remarks in the wpnumm to the Reconstruction Finance Corporation for $55,000,000 to complete this project. Apparently the lending institutions took the same attitude toward the largest and one of the most strongly fortified carriers that they did to the applications of the average small bor- Tower. The Pennsylvania also found the door of the investing institutions closed | to it, for the life insurance complnlel' and the mutual savings banks in the second half of 1931 had, in effect, boy- cotted rallroad securities. According to the Pennsylvania's application they have not greatly changed their atti- tude so far this year, for in January and Februa: they made purchases of less than 2 per cent of railroad se- curities of the total of all bonds bought, while the savings banks were sald to have mld seven times as many “rails” as they took into their portfolios. As & matter of fact, the insurance com- panies have been making few new investments for months in as much as the demands for loans by policy holders is still heavy. Much of the buy by the savings banks has been in the nature of short-term Government ob- ligations, Jurisdiction Point Raised. Recourse to the Pinance Corporation has, therefore, been taken by the Pennsylvanis Raf]- road as the only source of additional capital supply. Since it was first in- timated some weeks ago that the Penn- sylvania would petition this Govern- ment agency for a loan to complete its electrification work, there hes been | much discussion as to whether its construction problem came within the jurisdiction of the corpora: tion primarily set up for the purpose of meeting emergency situa- tions, such as those of carriers that are 80 Jow in cash that they cannot meet maturing obligations or current interest chmu. The point made in connection with the Pensylvania Railroad’s appli- clflnn is that this covers vuk that has long been under way and therefore does not conflict. with the policy of the Reconstruction Corporation in denying funds for new construction or nnpmvemenu The strong argument of the Pennsyl- vania Railroad in its application is that such a loan as it requires will provide Employment for 15,000 men and give important orders to the large electrical manufacturing companies. Therefore, | it alds the labor situation and gives s strong lift to general business, It is doubtful if the directors of the Recon struction Corporation can find & sal factory basis on which to refuse such & Tequest. Their decision may, however, lnvexvo the omission of the next dividend on Pennsylvania’s railroad us of & The application of the cities the fact mated operating income will be $78,- 340000. compared with slightly over m 000,000 in 1931. This improvement I be' due in part to the $10,000,000 lnereue in gross earnings from the ad- vance in freight rates granted by the Interstate Commerce Commission year, while a saving of $4,618,000 is mticlplted in conneetion with the lon of the electrified lines during | the first 12 months of their use. It is | als0 to be taken into consideration that the 10 per cent reduction in railroad e th:fi went into ‘fm on nt:m- ary 1 wi rmit of operating economies. S'on.uquonuy ere shoul be & material gain over the earnings of | Pennsylvania stock of $1.51 & share| recarded during 1931. Three-Year Loan Sought. The lean is to run for three years. At the end of that time the Pennsyl- vania Railroad would expect to pay back to the Reconstruction Corporation the ful amount of it. The road would then obtain release of the 662,000 | shares of Pittsburgh, Fort Wayne & | Chicago and Parhandle stock given as collateral, securing funds by the sale of new bonds or stocks in a market thn by 1935 Ia expected to be more friendly to such issues. It is suggested also th.': &lh:ld pa;llod wulmhe one of "‘moderaf lends” on e stock of the rafiroa: (Copyright, 1932.) WIFE BOWS TO HUSBAND Says She Lacks Enowledg LONDON, March 13 ( difference between Sir Frederick Wil- liam Butterfield and Lady Butterfield —the former Hilda Johnston of Mil- ukee, Wis—has been settled in ac- with the desires of his lord- estic conference was and Lady Butterfield redcned SHOE DIVIDEND. The d.lnctm of Diamond Shos Cor- that, in 1992 s et e —A uttle | I Everybody’s Business Signs of a Turn in World Business Are Noted by U. S. Representative at Basel. BY DR. MAX WINKLER. Special Dispatch to The Star. ing news emanates from Basel, headquarters of the Bank for Inumn-w tional - Settlements. Here, conditions | throughout the world are followed more more accurately than anywhere else. | America’s representative to the bank, | Gates W. McGarrah, advises that there | are unmistakable signs of a turn in the | world depreasion. Mr. McGarrah knows whereof he| speaks. He is particularly pleased with | the way conditions have improved in the United States, where he notes sev- eral symptoms of a renaissance of en- terprise. ‘There are also various signs of amelioration in Great Britain, he continues. Reparations Seftlement Urged. When so impressive a body as the American Committee of the Interna- tional Chamber of Commerce discusses economic questions and offers solutions, the world must listen attentively. the opinion of this committee, the first essential step toward restoration of con- fidence and recovery lies in an early by the concerned. the problem is largely European and is, thmfm! a question for Europe to ld-’ om:e the old continent shows a gen- | uine desire to proceed in thls direction, the American people will be prepared to give serious consideration to existing governmental debt settlements. | In anticipation of a favorable decision the Supreme Court in regard to pack- concerns, the shares of leading es- ents hnn u;m:‘d an lum m ne: proved muflfilxy dite H\My o the rise in prices of various products. Although 1931 was one of the poorest years in the history of meat companies, the encouraging feature was their rela- tively strong financial position, which of whatever business improvements will year, LEGISLATION ASKED | Congress Urged to Take Action to| Improve Quality of Panels Here. Congress was urged to enact legisla- | y; tign at this session to improve the qual- ity of juries in the District of Colum- bia and to avold the difficuities which result from the presence of uungble persons on the jury list, lnnmur Attorney General Mitchell Chmnn Capper of the Senate Dhfilel Commit- tee y. Attorney General inclosed that he was merely acting as their en- voy in transmitting the bill, adding that he 1s not at liberty to sponser it or urge its enactment, because it would entail some additional expense and has not been submitted to the Budget Bu- reau. He astated, however, that the subject is ome which needs the eon- sideration of Congress, and said: | “I do “l'l" nm the Congress enact some legislation nanon which would improve t) selected for jury l!nfl:c and avoid the expense and trouble which results from | :g: urymlu“ of ineligible persons on | One of the sallent features of the pro- | posed bill is that it would authorize the | jury commission to send questionnaires | to any one in the District, to be filled out under oath, wneamln. the quali- fications of the indmdlul for jury serv- ice. The commission could also require feror gy AL I eir qualification: fitness to serve as ]u!qon s gt FRENCH WILL RESTRICT RUBBER FABRICS IMPORTS | American Chamber of Commerce Makes Announcement in Fight- ing Quota System. By the Associated Press. NEW YORK, March 12—Encourag- ’B carefully and are interpreted perhlpl et settlement of the reparations problem | 15" European government directly | In conditions in a readjustment of inter- | take place in the course of the current Ft 8t (Copsrishg 1933 by, the- North | American | § INVESTMENT TRUSTS NEW YORK, ereh 12 (#).—Over- the-counter ABC Tr ghrs E Sen Sec x & Am & Am Am Am G Gen ered In Chartered 1nvept | Chelsea Exch A Chelses Exch Cumulative Ty ‘mark Bid Suneasel . e g RS B Smws :auum vest . Se A T 8n'. Corporate Trust Fost 8% Bi. Crum & Fost Ins Depos Ins Shrs * Diversified Tr A. Diversified Tr B. Diversified Tr C.. Invest eo Diversined 3 Five-Year Pixed Trust d In|Pund Tr Sh The committee also points out that |int Sec & ded down early next week by (N should enable them to take advantage | S¢| Collat State Street Fired T 8h "Trust Invest T FERFI8TIE BANKS AND RALS HELPED BY LOANS Reconstruction Work Proves Boon to Financial Status of Southwest. Special Dispatch to The Star. KANSAS CITY, Mo, March 12— Helptul eflocu of the "Reconstruction Pinance muuvm-m\un. seen in the Southwest. Principally these the reorganization nfmlw insti- tutions and the assistance to rails. To & degree the bstterment is pay- and T #iven s stronger tone 1o the nd has given s e financial situation. Banks that are carrying high-class securities which show & book loss when measured by & market have had their fears releved and are Some has been exerted by the utility companies, which have thoroughly combed the investment fleld, uum' !med L] pcr cent stocks, n;m-ugn 'lth the installment plan. e eflm\flny long record of prompt dividend payment is selling its preferred at 95 on lhl'. plan, but y the stock sells An interesti: posits is report: ness centers. “We have increased our d!Poeiu $50,000 in the past six weeks,™ id a country banker, “and I was pleasantly surprised in view of the de- creases generally during the Winter. But analysis of the new accounts showed that they came from customers in small rural , who are trans- ferring their accounts to what they consider a stronger bank. It is good for us, but a drain on institutions that are having a difficult time anyhow.” A week of the most severe weather of the Winter just passed has halted farm work and brought a static trade condi- tion in rural sections. Snow has cov- ered much of the high plains whe-t areas, and the condition consider: fair, though without any likelihood ol L3 bumper crop, even under most favorable Spring skies. Gradually the held-over grain is going to market, with prices little changed in the past four months. ‘The hope for a revival of the market is waning, and in consequence reduction very possible expense, private and h felt necessary. ere will be an ld!u.l tween living expense generally held, but bolorl that time comes lower commodity prices and some extension of debt claims seem needful. (Copyright, 1932.) ‘The first half-tone ting block in relief was made in 1878 at Cornell Uni- versity by Frederick E. Ives. 'STATEMENT OF Provident Mul CONDITION Life Insurance ompany of Philadelphia, Pnnylvnh. On the Sist dey of Dec guired under Section STt the "Oode "oE w for the District of Columbia. New premiums . Renewal premiums Total premium income Total interest and rents er income Total income URSEMENTS. Net amount Jud for losses and matured endowments payments ol §.m 1118 ’;fll lfl ll 400429178 Al Dot e o ndmiied: Total admitted assets . TO BETTER JURIES |52 Trusteed N ¥ O Trug Am Trust B Toenietn Cent Piied Two-Year Trust Sh. Unjted Fixed Shrs . Pdrs 1-70 co Ins Bhrs .. 0 weme e el o 2 e Bule aa. FIF FeIBERES, Btversal Tr “sn : ew “National Share Institute™ lmy;l;xded considerable rellef to For Buying, B Befl- mancing Campieted Eropriies Prompt Atte.cion—Reasomable Rate Real Estate Mortgage and Guaranty Corp Nat. 1403 rulber !’ldbrl © understood, the announcement | said, that & meeting of French and | German prdeucers would be Berlin on March 13. A subcommittee of the American organization intends to ask ‘lfllh”l:l'li.n of com~ meree; American exporters & hearing, LINGLE SLAYER MOVED the dlvl‘!ndl $1.03 i %@ e 08t nmmfimm 1610 K St. Attention, Attorneyl A prominent lawyer mow eccupy: ing a large, handseme suite in lln Shoreham Office llllfll( desires to sublease a part of this space. For information cell leasing office, Nati -ul 4750 First Mortgageo for Sale 6% JAMES F. SHEA 643 Indiana Ave. N.W, Secured on new brick homes in preferred morthwest resi- dential sections. Every mort- gage protected by fire insur- ance and title guaranteed by responsible title companies. Conservative Appraisals Insure ing Absolute Safety - IN DENOMINATIONS OF $250 and UM BOSS & PHELPS ount of am:c..l-',';“”‘,.,."‘w?";."z oustanding December ,600.00 BaAvIS, vm ru:;’«m B TG e Fol¥ Sl i WL a0 adELETS RS 159,963,390.95 $37.847,761.11 ..a:amgr u.mu 14,800,043.00 T Bank terest Net it af '.;.g:".’.’.‘.t. Amount_of ordin: Tess written durin busi- xm -Ingr in n-u ‘gt'