Evening Star Newspaper, March 14, 1932, Page 14

FINANCIAL. ANDERSONTO ALK ATLUNCHEON HERE = D. C. Underwriters’ Associa- “tion Will Hear Baltimorean Next Thursday. BY EDWARD C. STONE. E. L. Anderson, president of the Bal- timore Assoclation of Life Underwriters, will be the guést speaker at the monthly luncheon of the District of Columbia Life Underwriters’ Association, accord- ing to announcement today by David S. Bethune, the president. The meeting will be held at the Washington Hotel Thursday, beginning at 12:30. Mr. Awderson is one of the most successful insurance men in Baltimore. He will speak on “Organize and Succeed in 1932.” He will also report on the elaborate plans being made for the joint sales conference of the two associations, to be held this year in the Monumental - g-esldent Bethune reports that there are now 198 members in the local as- sociation, unusual interest being shown in the monthly gatherings, ‘The reports on “Life Insurance day,” observed in January, which have just been made for the whole country, reveal the most favorable result.s in the way of new insurance. “Positively thrilling” was the way one agent described the results of the drive as brought out in the na- tional returns. $296,848,360 in Loan Requests. Loans ‘ aggregating $296,848,360 have been requested of the Reconstruction Finance Corporation by 40 railroads to date, an unofficial tabulation of appli- cations shows. Up to March 1, the Interstate Commerce Commission had approved advances of $53,647,175 to 14 carriers. The Pennsylvania request for $55,- 000,000 is the largest to date and the only one which proposes to use the funds entirely (or additions and bet- term:ntl to its line. Gulf & Ship Islend Railrosd has ukzd Interstate Commerce Commis- al for a loan of $694,350 and m‘ Central for a loan of $25,- Tel, & Tel. Dividend Outlook. As the year progresses, it becomes in- creasingly apparent that the American Telephone dividend rate of $9 annually will be maintained with little if any dipping into cash reserves, says the New York Tribune. Operating expenses have been lowered considerably and the New York Telephone Co. recently put into effect a shorter month for most of its employes, one or more Saturdays being occasions for extensive lay-offs. Besides earnings, American Telephone has its large cash reserve totaling $289,- 000,000 from which to pay dividends. The company also can call in undis- tributed earnings from its subsidiaries which have been increasing in years of good business and are ready for use by the parent'company. The dividend was earned by a 5-cent margin in 1931. If business continues the same in 1932 and earnings approximate the 1931 level, the Tribune adds, it is safe to assume that the present dividend rate will be maintained. Year's A. & P. Sales Estimated. ‘With total sales for the fiscal year ending February 27,"estimated at $1,- 008,000,000, the Great Atlantic and Pacific Tea Co. tops the list of volume of business recorded for last year. in tons, the February Yy sales of the corporation were estimated at 412,767, Average weekly tonnage sales for Febsuary were 103,192. For the four-wee period ending February 27, sales of fl!e corporation amounted to son 800 a'la weekly sales in A dzcrale d emz was noted the total u-les for the fiscal year endlnz February 27, 1932. Total sales for the' year ‘ending February 28, 1931, amounted to $1,065,806,885. N. & W. Assets Now $11,108,822. Reporting to the Interstate Com- merce cammnslm the Norfolk & ‘Western Railway Co. shows current sets of $11, 108 822 as of January 1932, compared with $14,258,230 at Lbe end of January, 1931, while current lia- bilities were $3,565,619, against $4,689,- 538 a year ago. Investments in stocks and bonds, etc., other than those of af- filiated companies, amounted to $35,- 016,276 against $44,149,597 at the end of January, 1931, and the funded debt maturing within the next six months was $3,555,000 against $8,505,000 in the preceding year. The Interstate Commerce Commission has been asked by the receivers of the Florida East Coast Raflway for ap- proval of a loan of $918,375 for a three- year period from the tion, in .order to interest/ on mfipx‘:z equipment Today's Trading on Exchange. Bonds were in the best demand when mGufi.ufluA,mhllDthu- fer being par. - As these bonds mature in 1933 quite a good mnny holders are parting with them at and buying other bonds which the; believe have a good opportunity of ld- vancing. Capital Traction 5s recorded a $1,000 sale today at 61, about the same price at which gther récent sales have been made. In the stock division the first sale in several weeks was recorded in National Mortgage & Investment preferred, when 50 shares changed hands at 3. The last previous sale in this issue was made at 33;. A small sale in Mergenthaler Lino- type was registered at 43, ex-dividend, and 10 shares of Potomac Electric Pé"fi; 6 per cent prefeyred were strong C 3 Emerson’s Bromo-Selzer “A” has been :fld;d to the stocks now quoted ex-divi- lend. Heard in Financial District. Although the special anti-hoarding drive in Washington has been conclud- ed, local bankers expect a good many more requests for the “baby bonds,” as well as the redgpodwu of funds in savings accounts Unusual interest was manifested in the local New York Stock Exchange offices in the opening of Kreuger & ‘Toll stock following the death of: the: “match king.” It was after 10:30 be- fore it appeared on the translux, off ‘over $3 a share. Eppa Hunton, jr., president of Rich- mond, Predericksburg & Potomac Rail- road, who died March 5, left an estate with an estimated value of $880,000. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) Allis-Chalmers Co. 5s 1837 ‘American Chain Co. 6s 1933.:% 81% American Tel. & Tel_5%as 1943 104 El 55 1934 T Chi. Northwestern Shicase Rock Island 45 1934 Gleve, Lov, & Whoeling S¢ 1933 Colorado & So. Rw, 1935 Spneod lll—!d:;ggifl 3, = Reconstruction 120 Stock and Dividend Rate. 2 Abitibi Pwr & Paper. 11 5 Abitibl Pwr & Pa pf. 3% Adams Expres: 24 Adams Millis (2) 2% Adv Rumley. 12% Affiliated pros 6215 46 Air Reduction(t43%4) 16% 11% Alaska Juneau (50c) 8% 1% Alleghany Corp..... ™ Allied Chem pf (7).. 13% 10% Allis-Chalmers(50c) 71 5% Am Agri Chem(Del). 181 1215 Am Bank Note 47 40 Am Bank Note pf (3) 73% 5414 Am CanCo ($5)..... 128% 117% Am Can Co pf (7). 39% 25 Am Car & Fdy pf (7) 6 5 AmColortype....... 914 615 Am Comel Alcohol 9% 64 Am & Forgn Pwr.. 83 15% Amé&Forgn Pw(6)pf. 17% Am&Forgn Pw(T)pt. 10 Am & For Pwr 2d of. 4% Am Haw St'ship (1). 1% Am Hide & Leather.. 9 Am Hide & Leath pf. 41% Am Home Prod ¢.20. x 12 AmIce (2).... 5 Am International 5% Am Locomotive 30% Am Locomot pf(7) 17% Am Mch & Fdy 1.40.. 13 AmPwr &Lt (31). 38% Am P& LtpfA (5).. 48 Am Pwr & Lt pf (6 6 Am Radiator (40c) 7% Am Rolling Mills 12% Am Smit & REg (5! 90 Am Snuff pf (6). % Am Solv & Chem: % Am Solv & Chem pf. 5% Am Steel Foundry. 69 Am Steel Fdry pf(7). 33% Am Stores (12%4) 39% 21 Am Sugar (4)... 137% 107% Am Tel & Teleg (9).. 15 65 Am Tobacco (16) 89'« 66% Am Tobacco B (¥ 110% 105 Am Tobacco pf (6) 21 19% Am Type Founders. . 70 42 Am Type Fy pf (7) 341% 24% Am Water Wks (3).. 5% 38 Am WoolenCo...... 30% 15% Am Woolen Co pf.... 12% 8% Anaconda Copper. . 9 6 Anaconda Wire & C 13 Anchor Cap (2.40)... 82 Armour of Del pf(7). 1 Armourof Ill (A)... % Armour of Il (B)... 6% Armour of Ill pf. 71 Atch To & San Fi(l) 8% Atlantic Refining (1) 25% Atl Coast Line (¢)... 83% Auburn Auto (4 147 1% Autosales pf. 14% Austin Nichol 213 Aviation Corp (Del). 4% Baldwin Locomotive 33 161% Baldwin Loco pf..... 90: 12% Baltimore & Ohio 241 Balto & Ohio pf (4) 30 Barker Brospf (6%)x 201 4 Barnsdall Corp...... 344 Beatrice Cream (4)..x 39% Beech-Nut Pkg (3) 13% Bendix Ava (60c) 19% Best & Co (2).. 15% Bethlehem Steel. 58 Bethlehem Stl pf (7) 16% Bohn Alumn & Bra; 48 Bon Ami (A) (15 34% Borden Co (3). 9 Borg Warner (1 3814 1% 6 - s S CUO® 1900 01 & 0 69 5 O 1 O 9 0 14 00 1 09 80 B0 1= 1 60 3 - wp S [SYR P IR P VIETE 3 ST -y oy 68 Bklyn-Man Tr pt (l) 46Y% Bklyn&Queens pf(6) 3% Bullard Ca. .&.f{. caen 2% Budd Wheel. 5% Burns Bros pf. 9% Burroughs Add(30c) 50 Bush Term deb (7).. 72 Bush Terminal pf(7) 4% 3% Butterick Co. 19 10% Byers (AM % Callahan Zinc & Ld 3 Calumet & Hecla. ... 5% Campbell-Wyant Fy. 10 Canada Dry (1.20)... 10% Canadian Pacific1%. 6 4% Capital Admin (A). 261 Case (J I) Co.. 22! 10% Caterpillar Trac (1). 5 Century Rib Mills. .. 9% Cerro de Pasco (1).., 1 214 Certain-teed Prod 4% Checker Cab Mfgr. 21% Ches & Ohlo (23%)... 4 16% Chesapeake Corp(3). 1. 3 ChiGreat Western. ., 9% Chi Great West pf... 1% Chi Mil StP & Pac... 2% Chi Mil StP & Pac pf. 6 Chi & Northwestern. 1 17 Chi & Northwest pf.. 3% Chi Pneu Tool... . 815 Chi Rock 1 & Pacific. 11% Chi R1& Pac 6% pf. 10 Chi Yellow Cab (2).. 5 Childs Company. 10% Chrysler Corp (1) 25% City Ice&Fuel (3.60). 63 City Ice&Fuel pf 6%. % City Stores. 15% Cluett Peal 97% Coca-Cola (18). 26% Colgate-Pal-P (. 87 Colg-Palm P pf 10).. 7 Collins & Atkman 7% Colo Fuel & Iron..... 11% Columbia G&EI(b1% 28 Columbia Carbon (3) 56 Comcl Cred 1st(6%). 15% Comel Inv Trust (2). 58 Comm Invev pf(e6). 7% Comm Solv (60c).... 26 - 8% Comwith & Sou(30c). 22 8 Congolm Nairn (1).. 3 52 Consol Cgr prpf 6%, 61 Consol Cigars pf (7). 3% Consol Film..... . 2 54% Consol GasNY (‘).. 52 9 Consol Laundries(1) % Consol Textile. 4% Contl Baking (A) % Contl Baking (B)... 40 Contl Baking pf (8). x 41 31% Contl Can (2%) 25% 19 Cont Insur (2.40. 1% 1 Contl Motor: 7 5% Contl Ofl (D 47% 37 Corn Produc 129% 126 Corn Prod pf (7). 4% 2% Coty Inc 23 20 Cream o 19 10% Crex Carpet 49% 37% Crucible Steel pt (7). 35% 30 Cudahy Packing (4). 2% 1% Curtiss Wright....., 3% 1% Curtis Wright (A).. %% 3% Davison Chemical 89% 65% Delaware & Hud (9). 28% 17% Dela: e Lack & W., 122 107 Detroit Edison (8).. 12% Diamond Match (1). 7% Dome Mines (1). 18 Dominfon Sloreltl% 19% Dresser Mfg A (3%). 10% Dresser Mfg B (2)... 47% Drug Corp (4). 9% Duplan Silk (1) 46% Dupont de Nem (4).. 98 Dupont de N pf (6).. 89 Dugques Lt 1st pf (5 10s 308 10s 3 508 23% Elec Auto Lite (4). 96% Elec Auto Lt 1% Electric Bo: 2% Elec&Music: 10% Elec Pwr & Lt (1)... 39% Elec Pwr & Lt pf(6). 47 Elec Pwr& Lt pf(7). 25% Elec Storage Bat (3) 25% Endicott-Johnson(3) 46 EngPSpfww (5%). 17% Equit Office Bldg z* 5% ErleRR. 17 Fed Lt& Tr ($1%)..x 8% 3% Fed Water Service A. 27% 20 Fid PhFire In(2.60). 15% 12 FirestoneT&R (1).. 59% 50% Firestone T&R pf(6) 53 41% First Natl Strs (2%) % Fisk Rubber. 8 Foster-Wheeler. 21% 15% Fourth Nat Inv 1.10. 5% 2% Fox Film (A). 19% 15% Freeport-Texas (2).. T35% 28 Gen Am Tank Car(4) 16% 11 Gen Asphalt (1)..... 19% 11 Gen Baking (2).... 105% 97 Gen Baking pf (3). . 88% 28% Gen Cigar (4)... THE EVENING STAR, WASHINGTON, D. C. TRANSACTIONS ON THE NEW YORK STOCK 2% 2% = l“—‘( == + % RE FEFRIF | FEL FRES 11 » FREFELS FLES FREERS I z Sales— ~Prev. 1933~ Add 00. High. Low. ch-zn.mn|mm 11% 40%% ‘ 26%% 2% 18 35 61% 14% 224 14 27 Stock and Low. Dividend Rate. 17% Gen Elec (1) 10% Gen Elec spec (60c).. 31% Gen Food Corp (3)... 1% Gen G&E A (b6 % stk) 17 Gen Gas&E cv pf(6). 86 Gen Mills pf (6). 19% Gen Motors (2) 8015 Gen Motors pf (5)... 1 6 Gen Outdoor Adv (A) 3 44 Gen Prig Ink pf (6).. 30s 3 Gen Public Service.. 1 19% Gen Rwy Signal (3). 245- % Gen Realty & Util. 12t. Gen Realty & Util pf. 1 Gen Steel Casting pf. 80s H’ Gen Theater Equip 8 Gillette Stf Raz(1) 64 50 Gillette Saf R pf(6 Glidden Co...... Gobel (Adolf). Gold Dust (1.60). Goodrich (BF)..... Goodyear T & R (1) .. Gotham Silk Hoslery Gould Coupler. ... BTy Grand Unfon. . Grant (W T) (1) Great Northern pf(2) Great North Ore(2).. Great Western Sug. . Grigsby Grunow.... Hahn Dept Stores Hanna pf (7).. Hartman Corp (B) Hershey Choc (6)... Hershey Choc pf 15.. Holland Furnace u) Hollander Sons Homestake M 18.80. . Houdaille Hershey. . Household Fin pf 4.2( Houston Ofl........ Houston Ofl (new) Howe Sound (2). Hudson & Man 41%) Hudson Motor Car. % Hupp Motors. . s 914 Tllinols Central..... 21 Illinois Central pf... 234 Indust Rayon (4).. 2714 Ingersoll Rand (3) 20 Inland Steel (1). 2% Inspiration Copper. 5% Interboro Rap Trans 5% Intercontl Rubber. .. 90% Int Bus Machine(né) 14% Int Cement (2)...... % Int Combustion. . 47 Int Combustion pf... 21% Int Harvester (1.80). 99 Int Harvester pf (7). 8% Int Hydro E1 A (e2). 15% Int Match pf (4). T} Int Nickel of Ca Int Nick Can pf ( 7 Int Paper & Pwr (B 714 Int Paper & Pwr pf it (2) Int Sflver..... Int Silver pf (4). T4 Int Tele & Teleg. 5% Interstate Dept St. 43 Intertype Corp..... 14% Island Cr'k Coal (3 30 Jewel Tea (4) 15% Johns-Manville 814 Kansas City So . 1 Kelly-Spring Tire. .. 3 Kelsey-Hayes Wheel 7 Kelvinator Corp 8% Kennecott Copps 1% Kinney (G R) C 15% Kresge (SS) €1.60).. 22 4% Kreug & Toll m 1.4 ll. 5159 12% Kroger Grocery (1).. 12 42% LambertCo (8)...... 16 2 Lee Rubber & Tire... 5% Leh Port Cement 10 Lehigh Valley R 36 Lehman Corp (2.40). 19% Lehn & Fink (3). . 45% Ligg & Myers B ( 16% Lily Tullp Cup (1'&) 10 Lima Locomotive. 1434 Liquid Carbonie (2 23% Loew's Inc (14) 27 Loft Inc... 29% Loose-Wiles (13) 110 Loose Wiles 1st (7). 12 Lorillard (P) (1.20).. 19% Lou Gas&El A (1%). 21 Loulsville & Nnnh(l) 1% Ludlum Steel. 13% McAnd & Forbes (2) . 6 McGraw Hill Pub.... 14% Mclntyre Pore M (1) 43 McKeesport TP (4). 31% McKesson & Robbins 10% McKesson & Rob's pf 28% McLellan St pf A(6). Mack Trucks (1).... Macy(RH)& Co(n3). Madison Sq Garden. . Manhat Elev gtd (7). Manhat Elev mod gtd Maracaibo Oil Exp. ., Marine Midld(80c). . Marlin-Rockwell (2) Marshall Field & Co. 4 Mathleson Alkili (2)x May Dept Stores 1.80 Maytag Co. .. 141 Melville Shoe (2) 100 Mex Petrolm pf (8).. 5% Mid Continent Petm.. 5% Midland Steel Prod. . 424 Mid St Pr 1st pf (8). 1% Minn Moline Pow... 7 MStP&SSMlsd (4). 4% Mo Kan & Texas..... 11% Mo Kan & Texas pf 5% Missouri Pacific. 12 Missouri Pacific pf. 8 Mohawk Car 20% Monsanto Chem 1% 67 Montgomery Ward. . 22 Motor Products (2).. 5 Motor Wheel. 7% Mullins Mfg. 19 Mullins Mfg pf. 5% Murray Corp. 15 Nash Motors (2 2% Nat Acme Co. FTo SneanmamNe~aHED 8 28 0 10 D RO 1O 69 00 B 1O 0 00 e Bk 8 O 50 ek 89 01t - @ Rl wmBron aanBFfnalonmanamem - =3 EYSIOPY-J0Y @ 3 P NE N B o S o 3 OISR PO Sate 4 Nat Cash Reg (A) Nat Dairy (2.60). % Nat Dept Stores Nat Dist Prod ( Nat Lead pf A (7) Nat Lead pf B (6) Nat Pwr & Lt (1) Natl Steel (1).. Nat Supply Co. Nat Supply pf. Natl Surety.... Natl Tea (60c). H &Hpt (7).. Ont& Western. . Shipbldg pf(7).. N Y Steam 1st pf(7). 12% Noranda Mines (2).. 111 Norf & Westn (112).. 2% North Am Aviation. . 29 Nor Amer(b10%stk) 14% Northern Pasifie (3). 25 Northwest Tele (3).. % Norwalk Tire & Rub. 5 OhioOfl.. 1% Omnibus Corp 55% Omnibus pt (A) (!) . 6 Orpheum Circuit pf.. 164 Otis Elevator (2%).. 9% Otis Steel pr pf.. 20 Owens 111 Glass (2) 32% Pacific Gas & 36% Pacific Light! 93% Pacific Tel&T 3% Packard Motor Car. . % Panhandle Pro&Ref. 6% Paramount Publix. 3 Park & Tilford. % Pathe Exchange 23 Penick & Ford (1)... 26% Penney (J C) (2.40). 80 Penney (JC) pt A (6) % Penn Dixie Cement. . 17% Penna Railroad (2).. 88 Peoples Gas, Chi (3). 6 Pere Marquette pf... 81 Pere Marquette prpf 10s T TR, 8 Petrol Corp of Am... 5% Phelps Dodge Co. ... 3 Phila&ReadC&I.. S% Philip Morris&Co(1). Phillips-Jones Co. .. Phillips Petroleum. 36 Plerce Arrow pt (6) % Plerce O1l..... % Plerce Petroleum 20% Pillsbury Flour (2) 11 Pitts Term Coal pt. . 3% Port Ric Am Tob(A). 4% Postal Tel&Cable pf. 4% Prairie Ol1 & Gas. 64 Prairie Pipe Line, - % -1% == -2% -1% = -1% 5 % -1 —1% % “ % % o= 3 - 3 MONDAY, —Prev. 1933~ Stock and High. Bales— Low. Dividend Rate. Add 00. High. Low. 3 2 1% Pressed Steel Car. .. 6% Pressed Steel Car p 2 37% Proct & Gamb (2.40). 13 95 Proc & Gamb pf (5). 30s 48% Public Sve NJ (3.40). 15 78 Public Sve NJ pf (6). 95 Public Sve NJ pf (6). 86 Pub Svc G&E pt (5).. 15% Pullman Corp (3)... 14 Punta Alegre Sugar. 3% Pure Oil. . 10% Purity Bakeries (2). 5% Radlo COTp....... % 22 RadioCorppfA3i. Radio Corppf B..... io-Keith-Orph... 7 Raybes-Manhat (1). 29% Reading Ry Co (2).. 247 Reading 1stpf (2). Real Silk Hosfery. . Real Silk Hoslery pf. Remington-Rand Reo Motor Car. 4% Republic Steel. 81 Republic Steel pf 32% Reynolds Tob B (3)., 2 Rio Grande Oil. . 6% Ritter Dent Mfg. 23 13% Royal Dutch of NY.. 59% 39 Safeway Stores (5).. 76% Safeway Strs pf (7). 7% St Joseph Lead(60c). 3 StL-San Francisco.. 4% St L-San Fran pf. 314 Savage Arm. 20 Schulte Ret Stor pf 6% Seaboard Ofl..... R 27% Sears Roebuck 12%) 1% Second Natl Inv. % Seneca Copper. 4 Servellnc... 3% Sharp & Dohme. 7% Shattuck (F G) (1).. Shell Union Oil. . Shell Union Oil pf. Simmons Co.. Stmms Petrol Sinclair Consol Of Sinclair Oil pf (8) Skelly Oil - Sloss-She! pf.. Socony-Vacuum (1). South Port Rico Sug. Southn Cal E4 (2). Southern Pacific. T4 Southern Railway... 11 Southern Railway pf 2% Sparks-Withington. . 11% Stand Brands (1.20). 2 Stand Com Tobacco.. 25% Stand Gas&El (3%). 31% Stand Gas&EL pf (4). 22% Stand Oil Calif (2). 26% Stand OIIN J (12). 5% Starrett (LS)...... % Sterling Secur (A). 1% Sterling Secur pf. 5 Stewart Warner. 914 Stone & Webster (1). 9% Studebaker Co(1.20). 1% Symington (A) 11% Telautograph (1.40). 1% Tennessee Corp..... 10 Texas Co (1).. 204 Tex Gul Sulphur (2). 4% Tex Pacific Land Tr 3% Thatcher Mfg Co 5 TheFair.... 2 Thermoid Co. 6% Thompson Pr 3% 2% Tide Water Asso Ofl. 41 30 Tide Wat Ol pf (5).. 5 4 Timken-Detroit Axle 23 16% Timken Roller B(2). 6 2% Transdmerica Corp. . » us N > PO SRR HNE O AR B AN AN AR T PN eR N AN B0 ucts. ® Sanr8ern MARCH 14, 1932. EXCHANGE__' | ~Prev 1932 Stock and Sales— Net. High. Low. Dividend Rate Add 00. High. Low. Close. Ches. 311 26 Trico Products(23).x 3 304 29 ;1. 6% 5% Truscon Steel 1 5% 2% Tri-Contl Corp... 74 Union Bag & Paper 27% Un Carb & Carb (2).. 10% Un Oil of Calif(1.40) 66 Union Paeific (10)... 6;‘ Union Pacfic pf (4). FY 19 Jop 411 Unit Alrcraft pf (3). 20% Unit Biscuit (2)..... Unit Biscuit pt (7) % Un!t Carbon........ Unit Cigar St pt (4). Unit Corp (40¢) . . Unit Corp pt (3). Unit Electric Coal... Unit Fruit (3)...... Unit Gas&Im(1.20) Unit Gas&Im pf(5) U 8 & Forn Secur g RN R RR RO NR DR El U S Indus Alcohol. U S Leather (A). S Leath pr pf (7).. U u us u -1 — % — % - 4 -% - % —% 6 Util Pwr & Lt (A). % Vadsco Sales Corp. - 5 FESEFERESF k) 18% 11% Vanadium Corp.. : “ -1% Kl % Va-Car Chemical.... 2 - 29% 19% Vulcan D'tinning l!) -1 4 1 WabashRR... 1% Wabash RR (A). 11% Waldorf Sys (1%). 1% Walworth Co. 24 Warn Bros Pictures. =il 3% Warren Bros........ 2 -% 10% Warren Bros cv pf 3. 2y 10% Warren Found & P.. ag 58'% West Pa Elec A (7) +5 53 West Pa El pf (6) - 83 West Pa Pwr pt (6). 99 %1 98 West Pa Pwr pf (7). +1 2% Western Dairy (B).. AL 4% Western Maryland. . g 3% Western Pacific pf. .. = a,,l -1 Yrit ki - % odh I S LLrn+ 33 Western Unlon (4).. 12 Westing’se Afr B(1). 19% Westinghouse (2% ). 28% —1% 61% Westinghse 1st (334) - % 9 Westvaco Chlor 1.60. 8% White Motor........ ing % White Sewing Mach. i 3% Wilcox Oil & Ga Tx o +% i s 1% —2% - % 18 Wilson & Co pf. 36% Woolworth (2.40) 15% Worthington Pump. 45% Wrigley (Wm) (4). 3% Yellow Truck.... % 17% 12% Ygstwn Sheet&Tube. % 4% T% % Zenith Radio........ %" e 9% 6% Zonite Prod Corp (1) % 8% Sales of Stocks on New York Exchange. 10:30 AM. . 200,000 12:00 Noon: . 800,000 1:30 P.M. 1,100,000 2:10 P.M. . 1,400,000 Dividend rates as given in the above table are the annual eash its based om the lates: quarterly or half-yearly declarations. “Ex-dividend. s Unit of trading less than 100 shares. tPartly extra. tPlus 4% In s aPaid this year—no 2 cash or stock. { Plus stock. Sinek ") Pins B n special preferred ‘stoek: knu.l!"i“ “‘r‘.u“” year—no regular rate. un-unnumflfi !t-'/- ™% — % Reorganization Plan Dropped. NEW YORK, March 14 (#).—Plans to reorganize the Tri-Utilities Corpora- tion have been abandoned, it was an- nounced today by the tion Committee. Holders of certificates of deposit under the plan and agreement have been requested to withdraw their securities deposited with the committee. NEW YORK BANK STOCKS NEW YORK, March 14 (#).—Over- the-counter market: = Bid. Asked. 5 ed. Chase ... i . 40ig T 4zig Commercial Nationai . 1160 168 First National New Yo: 1930 ] 1830 N-'r.m?.f"(’m';v & B 8% Public i 30% Uu‘-nnty New_York REAL ESTATE LOANS Made at Low Interest Rates TYLER & RUTHERFORD lieations | tnvited apartments and d jacly o8 well Ioell!l r‘ulnu 3, 5 or 10 520 K St. NW. Nat ATTENTION Bond Holders No Worry About Dividends If You Invest in... First BOND TRUST Shares Consult us about our attractive ezchange offer. Bernard P. Nimro & Co. We Buy and Sell Trust hares HILL BLDG. NAT. 9733 Are All Your Dollars “On Duty?” INTEREST PAID. ON SAVINGS OFFICERS: GEO. W. WHITE. President A, A. HOEHLING, Vi Trust Officer & Ge: JACOBSEN, Cashier ©. H. P. JOHNSON, Vice Pres. f ; :,‘,’,‘,’:{;,"‘;‘,‘,;‘;‘,'"r s g groved Pres; C. L. ECKLOFF, Asst. Cashier R. E. BRIGGS, Asst. Cashier SILVER QUOTATIONS. NEW YORK, March 14 (# (Noon). —Silver futures barely steady; sales, 1,125,000 ounces. Quotations in cents: March, 30.10 bid; May, 30.60t; July, 31.10t; September, 31.40 bid; October, 31.80 bid. Invest in > First Mortgage Notes First Mortgage Loans Secured on Lowest Rates of Interest and Commission Individual Homes Thomas J. Fisher & c«-m Inc. An investment medium that has passed every test. Pro- tected by fire insurance and title guaranteed by financially responsible title company. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. N.W. LOANS On improved trict of Columbia Real Estate Security 67th Series of stock now open for cubnn,uon James E. Connelly, President == Organized 1879 52nd YEAR COMPLETED Equitable Co-Operative Bldg. Ass’n JOHN JOY EDSON, President WALTER 8. PRATT, Jr., Secretary Denominations of $100 anp mMore 1435 K St. NW. NA. 2345, Assets. .$6,124,601.00 Subscriptions for the 102nd Issue of Stock Being Received Regardless of what the occasion may be— a home—old age— your children’s eduea- tion — the systematic savings - plan of the Equitable will help you to accumulate A SAVE As You 52;50 FINANCIAL. STOCKS ARE LOWER BUT TONE IS FIR Kreuger Death Proves U settling Influence—Early Losses Are Reduced. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, March 14—The stoc] market today gave a convincing demo: stration of its thoroughly liquidate condition. News of the suicide of Ivar Kreuges the Swedish match king, was a gres shock and if there had been a we: technical position a violent break easily have resulted. The market di(| open lower and the stocks and bondi| directly connected with the Kreuge) interests did slump, but the genera list exhibited a reassuring steadiness. Interest at the start centered on thy action of the two stocks most affecte¢ by Kreuger's death. In all the foreigr markets except that of Stockholm whicn was closed, there was heavy sell- ing of Kreuger securities. On this side International Match preferred, whicl nad closed at 17}, Saturday, opened ox a block of 1,500 shares at 1113 and th_e‘% rallied over a point. ere was great difficulty in opening| the market for Kreuger & Toll becaus| of the rush of selling orders. It wal not until 11:01 o'clock that the. firsi| sale came out on the tape. It way 150,000 shares at 17, in contrast with| the previous close of 5. Incidentally| this was the largest opening transaction| in the history of the exchange, al| though the amount of money involved| at that low price was not great Kreuger & Toll rallied fractionally! after the first transaction. Standard stocks were off 1 to 3 pointy| on the first sales. They came back ovel most of the lost ground before noon| ‘Trading, except for the Kreuger stoc ‘was very quiet, and the market shows no trace of excitement. Of course thq foreign news included the result of the German elections, which was inters preted favorably, and that was a pare tial offset. It will be some time, hows| ever, before the market is able to ap.| = tt:'“h nfi\y“nccuncy the :uull complications consequent on the Kreuger trage: Stocks whlch showed better suppori| than the average included Atchison an| Union Pacific among the rails. Thy weak spot in this group was Baltimory| & Ohio preferred, at a new low, reflect. ing doubt about the dividend. Aubu: and J. I. Case thanks to the short in. terest, continued firm. U. S. Steel, off over a point at the opening, was do only fractionally by noon. Allied Chem.| ical sung back and forth in a wides) arc, down on the day, but not wes American Telephone gave a good ac: count of itself. high tide of aftes IDH nuda the wamprwp:lflty oneo(mn-nututo{mhnnmd 110 Years of Continuous Dividends NORTH RIVER Insurance Company Dividen_d $1.00 Market Price About 14 Income Yield 7%, Circular Sent on Request Waggaman, Bra.wn?"l; & Co. 1700 Eye N.W. Me. 3860 A PART OF YOUR INCOME Should be placed aside with regulari to p vide for the years when yo present earning ca- pacity will have been re- duce: Start a savings account thh us todly. Opcn Daly 9 to 5 Sdud-yn Until Noon ‘949 NINTH § UN DER SUPERVISION OF A money. 915 F St. WWMWWIHHWIHIWWHMMMM Share 5 Open Unul 5:30 P. M March 15th VERY Dollar that’s usefully spent, wisely invested or banked in a sound institution, in these times, forms the basis for $5 worth of business credit. And credit, confidence, courage, are prime needs under present condi- tions. flAre all your dollars “on duty?” Buy United States Certifi- cates of Indebtedness—BABY BONDS—$50, $100 or $500 denominations, 2% interest, redeemable on 60 days’ notice— or help by opening an account, in this one-hundred-and- eighteen-year-old Bank. DIRECTORS: ARTHUR T. BRICE P HOLLINGSWORTE, Asst. ¥, ILDEBRAND. * Asat, BURWELL, Asst. Trust F V- N COOK, Auditor OLDEST NATIONAL BANK IN THE DISTRICI' OF COLUMBIA 15th Street Opposite U. S. Treasury - Capital, Surplul . Undxvldod Profits Over 32.300 000.00 STATEMENT OF THE CONDITION New York Fire Insurance Co. of New York On the 31st day of December, 1931, as required under section 647 of the of Law for the District of Columbia. Net premiums Total interest Other income Total income DI Net amount szi'm.u $8,803,835.7 234,172, Al oNer asseti | Gross assets Deduct assets n Total admitted asse ABILITIES. Net unpatd_elaims Total Gnearned premiums Other liabilities Capital paid up.. lus over all 6,569,663.01, $347,489. 2,463'312 30} 62.804.33 695,556, .36,569,663.01 NET PREMIUMS WRITTEN THE YEAR, DURING Distriet of. Columbta. 31,165,