Evening Star Newspaper, March 16, 1932, Page 14

A_14 ¥xx FINANCIAL. PEOPLES DRUG NET | 15 §381 A SHARE Annual Report of D. C. Firm Reveals Profit of $621,923 for Year. BY EDWARD C. STONE. Peoples’ Drug Stores, Inc., and affil- {ated corporations, with the main office in Washington, reports for the year ended December 31, 1931, net profits of $621,923 after charges, deprecia- tion and Federal taxes, equivalent after 6'; per cent preferred divi- dends, to $381 & share on no-par shares of common stock. This compares Wwith $671,702, or $4.12 a share cn 124,550 common shares in 1930. Net sales for the year amount- ed to $17,439,032, compared with $16.750,665 in pre- ceding year. Balance sheet as of December 31, 1931, shows current assets of $3,439.857 and current liabili- ties of $1,140.926, comparing Wwith $3.- 297647 and $1.100,824, respectively, at close of 1930. Consolidated income account of People Drug Stores, Inc., and afiliated corporations, for year ended December 31, 1931, compares as follows o M. G. Gibbs. Net scles Other income. . Total income 2 Cost, exp. and depr.. Other profits Federal taxe: Gther deductions (net | Net profits. ... Preferred dividends Common dividends “Not stated Malcolm G. Gibbs of this city is president of Peoples Drug. The pre- ferred stock has been listed on the ‘Washington Stock Exchange for many years, the last sale having been made at 99. Mr. Gibbs has_expanded the business steadily until Peoples is now one of the largest drug store chains in the country. The report shows an- other satisfactory vear's business in spite of prevailing conditions. District Tenth in Building. Building permits in 583 cities and | towns in_the United States during the month of February, 1932, amounted to $45,326,719, according to official " re- ports made to S. W. Straus & Co. This figure represents a 6 per cent decline from January, 1932, when the volume for those cities was $48,225,143, as com- pared with a normal seasonal expected increase of 9.1 per cent. Permits is- sued during February, 1932, fell 59.4 per cent below the same month of 1931. As a group the 25 cities reporting the largest volume of permits for the month show an increase of 6.7 per cent over January, 1932, a decline of 55 per cent from February, 1931, and a decline of 50.8 per cent from Febru- ary, 1930. Ten of ihe cities-made in- dividual gains over February, ~1931. They are: Cincinnati, Cambridge, Fort “Wayne, Biloxt Long Beach, Austin, Memphis, Appleton, Jacksonvilié and Ban Jose. Nine of these cif vances over February, San Francisco, Cambridge, Fort Wayne, ‘Washington, Biloxi, Austin, Appleton, Jacksonville, San Jose. Permits granted in Washington had a value of $1,015,620. New York had the largest volume of permits, totaling $8,- 041,680. Baltimore was fifth in the list and Philadelphia just under Washing- ton. Ts621.023 154066 registered ad- 1930, as follows: Scatiment Held Improved. Hornblower & Weeks in their March Investment Review, report a greatly im- proved sentiment in financial circles as a result of the constructive steps taken by the Federal Government to relieve the credit strain. With the normal stimulus of the coming Spring season, they expect a turn for the better in the business tide during the next 30 vo 60 | days. As to the bond market, ihey note H a definite improvement- for municipals and utilities and believe increasing con- and growing bank deposits | ; should bring added buying power, which should further boraden and strengthen | the demand for sound bonds. 1 D. C. Exchange More Active. Trading on the Washington Exchange was more active today it has been in a long time. est_volume was in Wiuhlng-l ton Railway & Electric 4s, there being $1,000 transactions, all made at 84. | shington Gas 5s figured in $1,000 sale at 1007, and $500 Gas 6s, series A. changed hands at 100 and 100!,. Po- cer 65 sold to the! Stock ihan | ion 50 shares of & Investment pre- me out at 3, a small lot ctype moved at 65, and 25 | hington Gas Light stock | <90 i in' Po- ed, Talks About Bank Executives. John A. Reilly, one of the vice presi- dents of the Federal-American National Bank & Trust Co. 3 Yesterday on the 'gencral subject and their duti i Should | pos imzgination, breadth ‘time, since credit lies ol of tk 1 the oir of Dividends and Other Notes. Ameri Securit the regular pavable record Co., has been e Chicago Boar o, has opened department in the New York office, wita W. F. Stephens m; The Pac awarded th standing Am tical_developr he Gevelopment ir Car Co. has be: Trophy. the out- ard for ae u- | award was for 1 of the Packard Colii Paper Co. has de- dividend cf Caanic| Virginia Puip & d the'reguler quarterl; Sl ilioes. 4150 ana reduction; $1.200 2nd up to $5. clusive, -5 per cent on full amount of | salary and salaries over $5°00, 5 per| cent reduction on first $5000 and 10 per cent on the amount in excess of $5,000. SILVER QUOTATIONS. | NEW YORK, March 16 (#).—Noon. | —Silver futures steads: sales, 1,075,000 ouncrs. Quo* cents: March, | 0.05 A d: July, 39.80 bid: Serimm bid; Ostober, 3145 ¢ _a | sentimental of lhol Nation is evidenced by the $7,0000001 for Valentine greetings this This amount equa com- 94l for 1930 sad ‘The 1191 ® 14 1 TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Stock and Dividend Rate. Abitibi Pwr & Paper. Abraham&Straus 1% Adams Express. Adams Exp pf (5). Adams Millis (2) Addressograph Adv Rumley... Affiliated prod 1. 60. ‘Air Reduction (14%) Afrway Elec Appl. ska Juneau (50¢) 1932~ Low. 2 20 Allegheny Steel Allied Chemical (6). Allis-Chalmers(50c) Alpha Port Cemt (1). Amerada Corp (2). Am Agri Chem(Del). Am Bank Note Am Bank Note pf (3) ‘Am Br Shoe (1.60).. Am Can Co (15)..... Am Car & Foundry... Am Car & Fdy pf (1) Am Comcl Alcohol. . Am Encaustic Tiling Am & Forgn Pwr. Am&Forgn Fw (6)pf. Am&Forgn Pw(7)pf. Am Haw St'ship (1). ‘Am Home Prod 4.20.. Am Ice (2)... ‘Am Internationa Am Locomotiv Am Locomot pf(7).. Am Mch & Fdy 1.40 Am Metals pf. .. Am Pwr &Lt (31). “ AmP&LtpfA (5).. 6 Am Radiator (40¢).. Am Republics. Am Rolling Mill Am Safey Raz«3)... Am Smit & Rfg(50c) Am Sm & Rfg pf (7). Am Solv & Chemical. Am Solv & Chem pf Am Steel Foundry. Am Stores (12%4). Am Sumatra Tob. . Am Tel & Telez (3) Am Tobacco B (16) Am Water Wks (3).. Am Woolen Copf. Anaconda Copper. Anaconda Wire & Archer-Daniels (1) Armour of 111 (A)... Armour of 111 (B) Armour of 111 pf Associated Dry Gds. Atch To & San Fe(6) -Ateh To&S Fe pf(5). Atl Coast Line (4)... Atl Gulf& W Ind pf.. Atlantic Refining (1) Atlas Stores (60c) . Auburn Auto (f4) Aviation Corp (Del 47 Baldwin Locomotivi 1613 Baldwin Loco pf. Baltimore & Ohio. Balto & Ohlo vf (4 Bamberger pf (613). Barnsdall Corp. .. Bextrice Cream (4) 4 Beech-Nut Pkg (3).. Belding-Hemingway 2 Bendix Ava (60c) Best & Co (2). Bethlehem Steel Birelow-Sanford Bohn Alumn & Brass Bon Ami (A) (15)... Borden Co (3). Borg Warner (1). 4 Briggs MIg (1)..... Brockway Mot Trk. . Bklyn-Man Tran (4) Bklyn-Man Tr pf (6) Bruns Term & Rwys. Bucyrus-Erfe cv pf. Budd (EG) Mfg.... Budd (E G) Mfg pf. Budd Wheel. : Bullard Co. Burroughs Add (88¢) Bush Terminal(23%). Bush Term deb (7). Butte Copper & Zinc. % Butte & Superlor. 10 Brers (AM). &% California Facking. % Calumet & Hecla. Canada Dry (1.20). Canadian Pacific 1% . Capital Admin (A).. Car Clin & O sta (3). 4 Case (J 1) Co Caterpllar Trac (1). Celanese Corp Century Rib M pf(7). Cerro de Pasco (1). % . Certain-teed Prod... 2 Checker Cab Mfgr. 2 Ches & Ohto (23%) 87 Chesapeake Corp(3). 38 Chi Great West pf 2 Chi Mil StP & Pac. .. Chi Mil StP & Pac pt Chf & Northwestern. Chi & Northwest pf.. Chi Pneu Tool Chi Rock 1 & Pacific. Chi R1& Pac7% pf. Chickasha Cotton Oil Childs Company Chrysler Corp (1)... 1 City Ice&Fuel pf 6% . 30 Cocz-Cola (18)...... Colgate-Pal-P (2%4). Colg-Palm P pf (8) ¢ « 545 “ollins & Alkman. .. “olumbia G&EI(b1% 44 Columbia Carbon (3) 1 Coml Credit (1). Comel Cred 15t(614). 108 Comcl Inv Trust (2). 3 Comm Solv (60c).... 12 ‘omwlith & Sou(30c) 13 ngolm Nairn (1).. 2 Congress Cizar (1).. 2 Consol Cgr pr wIG% 10s Consol Film. . 2 “onsol Film pf “onsol Gas N Y (4 Soe ‘onsol Laundries(1) “on RR of Cuba (2 Consol Textile Contl Baking (A). Contl Baking (B). Contl Baking pf (8). Contl Can (2%). o Cont Diamond Flhre Cont Insur (2.40). Contl Moto Contl Oil (Del). ontl Shares. .. Corn Products (3). Coty Ine Cream of mm»w.) Crex Carpet. . : rown C k&&fl" y Packing (4). is Publishing(2) Curtis Publish pt(7). Curtiss Wright. . 174 Curtls Wright (A). 72 Davison Chemical Deere & Co pf (1.4 PSS O WU Uy T TN O POy 17y 107 Detroit 1, Diamond Match (1). « Diamond Mtch pf 1% T2 Dome Mines (1) Dominion Storest1% Douglas Afrcraft (1) s Drug Corp (4)... 46'x Dupont de Nem (4) 6815 Bastman Kodak (5). 116 E ington-Schild. ington-Schild pf Zlec Auto Lite (4)... ec Auto Lite pf(7) ctric Boat. .. Clec&Musical Instru ec Pwr & Lt (1). Slec Pwr & Lt pf(6). ec Pwr & Lt pf(7). torage Bat (3) dicott-Johnson (3) 46 EngPSpfww (53%) 171 Equit Office Bldg 2* 5% Erie R R Fed Lt& Tr (31%) Fed Water Service A Fid Ph Fire In(2.60). Filene's Sons pf 6% . Firestone T& R (1). First Natl Strs (24) x Fisk Rubber Florshelm Shoe (A). Foster-Wheeler. Fourth Nut Inv 1 Fox Film (A) Free:ort-Texs e meE D REemaaTeanmg O Gen Baking (2) Gen Bronzi 244 00. Hign. Low. 2! 2% THE EVENING STAR, WASHINGTON, Net. + ¥ +1 + 1 P Lh+11 ¥ I IrESEIF ¥ ~Prev. Hi 31% 15 31% 19% 801y 12% % 2% 514 6ty 234 254 114 an 6612 5% 1992+ Stock and Dividend Rate. Gen Food Corp (3)... Gen G&E A (b6 % stk) Gen Mills (3). Gen Motors (2) Gen Motors pf ( Gen Printing In! Gen Public Service. . Gen Rwy Signal (3). Gen Theater Equm“ Gillette Stf Rag(1). Gillette Saf R r\f(fi? Gimbel Bros Gimbel Bros p Glidden Co Gltdden Co pr pt (7). Gobel (Adolf). = Gold Dust (1.60). Goodrich (BF). Goodyear T& R ll) Gotham Silk Hosfery Graham-Paige Granby Consol (50¢) - Grand Union. s Grand Unton pf (3).. Grant (WT) (1).. Great North Ore(2).. Great Western Sug Great Wn Sug pf(7). Grigsby Grunow. Gulf States Stee! 1% Hahn Dept Stores... Hahn Dept Stores pf. Hall(WF)Ptg(a30e). Hanna pf (7). Hershey Choc Hershey Choc pf 5 Holland Furnace (1). Hollander Sons. Homestake M 18.30. . Houston Oil Houston Ofl Howe Sound (2). Hudson & Man (34). Hudson Motor Car... 5 Hupp Motor: 3 Tllinois ntral. 1llinois Central pf. « Indust Ravon (4) 15 T4 5% 4te 5% 18 14% Ingersoll Rand (3) Inland Steel (1). Inspiration Copper. Interhoro Rap Trans Intercontl Rubber. .. Interiake Iron Int Bus Machine(né) Int Carriers (10¢)... Int Cement (2). Int Combustion... Int Combustion pf. .. Int Harvester (1.80). Int Hydro E1A (e2). Int Match pf (4).. Int Nickel of Can Int Nick Can pf (7) Int Paper & Pwr (C). Int Paper & Pwr pf Int Salt (2).. Int Shoe (3) Int Sflver. Int Tele & Teleg. Interstate Dept St Intertype Corp 2 Island Cr'k Coal (3). —_— O 255 157 Johns-Manville 99% 88 Johns-Manv pf (7). P A et LA LS T 17 5 7 8% 1415 30 17% 12% 42% 2 187 B6% 2% 18 46% n City Sou pf (4). ‘mann Dpt Strs(1). 1lv-Spring Tire. Kelvinator Corp. Kennecott Copper. Kresze (SS) (160).. Kress (SH) Co (i1). Kreug & Toll m 1.61. Kroger Grocery (1). Tambert Co (8) Lee Rubber & Tire. Lehigh Valley RR Lehman Corp (2. Lehn & Fink (3). Ligg & Myers B ( Liquid Carbonie (2). Tne (+4). s Inc pf IQ":) Loft Inc 5 Loose-Wiles (13). Lorillard (P) (1.20). Louisiana OH La Oil pf (613).. Lou Gas&El A (%), Louisville & Nash(4) 1% Ludlum Steel. 137 McAnd & Forbes (2). McCall Corp (214) . MeIntyre Pore M (1) McKeesport T P (4). McKesson & Robbins McKesson & Rob's pf McLellan Stores. . Mack Trucks (1). Macy(RH)& Co(n3). Magma Copper (50¢) . Manhat Elev mod gtd Maracaibo Oil Exp. Marine Midld (80c) Marlin-Rockwell Marshall Field & Co. Mathieson Alkili (2) v Dept Stores 1.80 Maytag Copf (3)... Mesta Machine (2)..x 4 Met-Gold Pic pf 1.89. 5% Miami Copper. . M1d Continent Petm. Midland Steel Prod Mo Kan & Texas. Mo Kan & Texas pf Missouri Pacific. Missour Pacific pf Mohawk Carpet. Monsanto Chem 13 . Montgomery Ward Mother Lode. ....... Motor Products (2). Motor Wheel. Murray Corp. ———— Nash Motors (2).. Nat Bella Hess. . t Biscuit (2.80). Nat Cash Reg (A). Nat Dalry (2.60). 71% Nat Dist Prod (2). Nat Pwr & Lt (1) Nat] Steel (1)... Natl § Nat ¢ Natl Tea (60c). Nevada Con Copper. Newport Industries. 4 N Y Central. . 14% * 5 1 4N 14 70 55% 1% 6 221 16% 314 % N Y Chicago & St L. Y Chi & St L pf. N Y N H & Hartford. N Y & Harlem (5)... NYNH&HDpL (T). N Y Shipbullding N Y Steam pf (6) Noranda Mines (2) Norf & Westn (112). North Am Aviation. Nor Amer(h10%stk)’ North Am Ed pf (6). Northern Pacifie (3). Norwalk Tire & Rub. Ohio Ol Oliver Farm Equip Omnibus Corp. . Omnibus pf (A) (8). Orpheum Cireuit pt.. Otis Elevator <zy.) - otis ot Pacific Gas & Bl (2) . Pacific Lighting (3) . Pacific Tel&Telog(7) Pacific Mills........ Packard Motor Car Paramount Publix. .. Pathe Exchange Pathe Exchange (A) Penick & Ford (1)... 4 Penney (JC) (2.40). Penn Dixie Cmtpf. .. Penna Railroad (2) Peoples Gas, Chi (8). Pere Marquette pf... Pere Marquette pr pf Petrol Corp of Am... Phelps Dodge Co. . Phila & Read C&I. Phillips-Jones Co Plillips Petroleu: Pierce Oil. Pierce Oil p! Pierce Petroleum. ... Pillsbury Flour (').. Pitts United pt. i Port Ric Am Tob(A) Postal Tel&Cable pf. Prairie Oll & Gas.... 614 Prairie Pipe Line. 1% Pressed St 6% Pressed St 1Car 1 Car pf. 37% Proct & Gamb (2.40). 95 Proc & Gamb pf (5). 4814 Public Sve NJ (3.40) 95 108 Public Sve NJ pf (6) Public Sve NJ pt (7) 15% Pullman Corp (3). 3% Pure Of p 50 Pure Oil pf (8). 10% Purity Bakerfes ( 5% Radio Corp. .. " 9% Radio CorppfB..... 2% Radio-Keith-Orph... Sales— Mflflg High. Low. Close. Chge. E 3 BE O NN NND WD B DD AL 160; 8 1 N S B R AN S N a s COR AN A S - o 290 - e [ JOTURIOROUEE S - SO PP = O PO 1R I 1 T rg 13 e 1 19 IS T 1 B i B 0 P e Ry meRan~ToonnBRRal 10 1 21 1 408 19 1 108 3 5 108 110s 17 40 -.. .15'-. Net. 3% — % o it D. C., WEDNESDAY, ~Prev. 1932~ Stock and High. Low. Dividend Rate. 61; 41 Republic Steel. 15% F‘z Republic Steel pf. 10 7 Reynolds Met (1% 407 32% Reynolds Tob B ( 2" Rio Grande Oil. 13% Royal Dutch of NY Safeway Stores (5).. Safeway Strs pf (7). St L-San Francisco.. StL St Joseph Lead (60¢). Savage Arm Schulte Ret § Seaboard Alr Line. Seaboard O1l. Seagrave Corp Sears Roebuck (214) Servel Inc Sharp & Dohme Sharp & Do pf (3%). Shattuck (FG) (1).. Shell Union Oil. Shell Union Oil pf. Simmons Co. ... Simms Petroleum. Sinclair Consol Ofl Sinclair Oil pf (8). Skelly Oll. ... Skelly Oil pf ww. . Sloss Sheffield Steel. Sloss-Sheff Steel pf.. 1 Socony-Vacuum (1). South Port Rico Sug. Sou P Rico Sug pf(8) Southn Cal E4 (2)... Southern Pacific. . 4 Southern Rallway. Southern Railway p! 4 Sparks-Withington. Stand Brands (1 "0) Stand Gas&E] (3%). Stand Gas&El pf (4). Stand Gas&El pf (6). Stand Oil Calif (2) Stand Oil Exp pf (5). Stand OII NJ (12).. Sterling Secur cv pf. Stewart Warner. Stone & Webster (1) Studebaker Co(1.20). SunOfl (1).... Sun Oil pf (6) Superior Steel 10 Sweets of Amer (1).. 1 Symington (A) 11% Telautograph (1.40). 17 Tennessee Corp 10 Texas Co (1).. 2014 Tax Gul Sulphur (2). 26% Thatcher Mfg pf 3.60 Third Avenue. . - 13 Third Nat Inv (1.05). 6% Thompson Products. 2% Tide Water Asso Ofl. Tide Water As pf(6). Tide Wat Oil pt (5).. Timken Roller B(2). Transamerica Corp. Tri-Contl Corp. . Trico Products (2%). Twin City Rap Tr pf 2 23 9 N ot} T Y V) JUPFRIING —1- JUTORETOL-JUNEY - {195 PHE JOTCE-E- 19 Jorey S 9 MARCH 16, 1932. 1933 Low. T4 27y Stock and Dividend Rate. Union Bag & Paper Un Carb & Carb (2) FINANC e ] Net. ©aad 0. mgh. Low. Close. Chge. 2 9 7n Oil of Calif(1. Union Pa Un Tank Unit Afrcraft Unit Afrcraft pf (3). Unit Biscuit (2)..... Unit Carbon. ... Unit Cigar Stores Unit Corp (40¢) Unit Corp pf (3). Unit Electric Coal. 317 3 20 17% 21% Unit Fru US Leat 4 10% U S Pipe 5'3 U S Realty & Imp U S Rubber. .. U S Rubber 1st pf. U S Smtg & Ref (1). U S Smtg&Ref pf 3', 3 T U S Steel U S Steel United Stores (A)... United Stores pf (4). Util Pwr T, Vadsco Sales Corp. 11’3 Vanadium Corp % 4 Va-Car Chemical 19% Vulcan D'tinning Vulcan Detin pf (7). 18% 29% 69 66 Unit Gas&Im(1.20).. U S Indus Alcohol. cific (10). Car (1.60) - it (3). now— her (A).. & Fdry (2). @) »f 9 2 g [ TR CTOUOL- SOVPTW JUPHUR. |- PRTVN, - &Ll AY. .o 1 Wabash R R, 114 Wabash R R Waldort Walwort! 1% ‘Ward Baking (B). erd Bal Sys (1%). hCo..... king pf (7). Warn Bros Pictures. Warren Bros. . § 5 Wesson O11&Sn (1) s Western West Pa West Pa Western Western Dairy (A).. Pwr pf (6). Pwr pf (7). Pacific pf Union (4) Westinghouse (2% ). Westvaco Chlor 1.60. 4 White Motor. .. Wilcox Oil & Gas Willys-Overland Wilson & Co Wilson & Co ;. ‘Wilson & Co pf. ‘Woolworth (2.40). Worthington Pump.. Worth Pump (B). 45% Wrigley (Wm) (4. 8% Yale & Towne'(1). 3% Yellow Truck. 6% Zonite Prod Corp 53] Snle- of S Dividend rates as | parments based on . i TPius 4% in Pavabie in cash of | stock 194 + 1 | B2 0 Socs tocks on New York Exchange. 200,000 12:00 Noonm....... 500,000 . 800,000 1,100,000 le-n 1n the above tabie are the annusi ates: euarterly or halt-vearly de:.llrnlunl S6nit ot tradh stock. 8 Pai stock. in jPlus §1 In lnlclll preferred stoek. kl’lu last sesr—no regulsr rate. nPlus 3% e " 5P KESSLER OIL PLA MAY VIOLATE LAW Observers Believe Anti-Trust| Act Would Prevent “Sta- bilization” Move. BY WILLIAM VOIGT, JR. Witten for the Associated Press. TULSA, Okla., March 16.—Oil men of the Midcontinent area hold varied | views about the revised “Kessler plan of world petroleum stabilization. As a whole, they have matters of greater immediate moment, or at least that strike nearer home, to occupy their attention. Comment that showed considerable | doubt, however, that the Kessler pro- posal was feasible or desirable for the United States came from a number of oil executives and company attorneys. __ Kessler's plan, a revision of a sim- ilar proposal that last Fall was gen- erally adjudged in conflict with anti- trust laws, would join the oil producers of the 13 oil-producing countries in anj| agreement to limit output for the pur- pose of increasing prices. " “If the first Kessler plan was ob- jectionable, by reason of probable vio- lation of our anti-trust laws, it is probable the second plan is subject to this same objection,” said the general counsel for one of the larger com- panies operating here. “Without this plan.” he said, “the oil markets of the world are now open and free. The serious question to be considered is whether the Kessler plan will alter this situation. Under it United States operators would agree to restrict exports to imports, plus cer- tain adjustments As a consideration, other countries would agree upon their ‘declared minimum’ production and ef- fect it through restricted drilling or a prohibitive tax. “To induce an agreement of ‘normal’ world consumption outside the United States which would be less than the declared minimum, a quarterly pay- ment would be made to other coun- tries than the United States from a fund to be raised by all operators, in- cluding the United States.” The attorney noted also that “the| duration of this cartel is dependent, not upon conservation of mineral re- sources, but shall continue until oil is $1 per barrel and 64 degree Beaume “A" gasoline is 8 cents per gallon for | a period of six months.” Observers considered this price-fixing elerent in direct conflict with the anti- trust laws. U. s TBEASURY BALANCE. By the Associated Press. Treasury receipts for March 14 were $9,720,854.21; expenditures, $18,986, 751.35: balance, $265,49284282. Cus-| toms duties for 14 days of March were $10,275,867.17. Endorsed— —by thousands throughout the we recommend Loan Plan of the Metropolitan Life Insurance Company. Loans are made for fifteen years at low int reasonable term Construction Loans WEAVE R'BR REALTORS OS Washington Building Mortgage Loan Correspondent Metropolitan Life Insurance Company Loans made in the District of Columbia and nearby Maryland and Virginia CORPORATION REPORTS | | | | TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, March 16.—Following is ‘n summary of important corporation ‘news prepared by the Standard Sta- | tistics Co., Inc., New York, for the As- ;soclated Press. News Trend. | Although revenue freight car load- |ings increased during the week ended | March 5, the rise was less than the | According to | | usual seasonal amount. |the American Railway Association, | loadings totaled 559,439 cars, which compares with 535,498 cars in the pre- \ |ceding week, when loadings were | smaller owing to the observance of | Washington’s Birthday anniversary, and - 723,215 cars in the corresponding week of last year. Increased production in East Texas was the main cause of the rise in crude | oil output during the week ended March 12. The daily average crude oil production _advanced to 2,145,600 bu- rels from 2,140,850 barrels in the ceding week, an increase of 4,750 - | rels, according to the American Pe-\ | troleum Institute. J The Companies. ! | Canadian General Electric Co. 1931 | | common share earnings, $9.05 vs. $16.77. | Cord Corporation subsidiary, Century Pacific Air Lines, cuts express rates as | much as 20 per cent. | Detroit Edison Gross, 12 months to February 29, off 7.2 per cent; net in- come up 3.9 per cent. ! " “Happiness Candy Stores—Secretary | states company is not insolvent -nd | owes no debts other than current bills not_yet_due. New England Public Service took no action on quarterly common dividends | of 25 cents in cash and 1% per cent in stock ordinarily due at this time. Producers Royalty Corporation 1931 deficit before depletion, $7,344 vs. net | income before depletion and taxes, $131,825. Ryan Consolidated Petroleum 1931 deficit before depreciation, depletion and | drilling expenses, $17,845 vs. net income $229,709. Superior Portland Cement declared | dividend of 121, cents on class B stock; paid 25 cents December 21, 1931. | Western Power Corpormon 1931 pre- | ferred share earnings, $18.89 vs. $30.06. American Maize Products declared 25 cents quartely dividend; formerly paid 50 cents. American Smelting & Refining cuts lead price 10 points to 3.15 cents a pound. Heyden Chemical 1931 common share earnings, $1.47 vs. $1.87. Imperial Chemical Industries, Ltd., | declared final common dividend for 1931 of 3 per cent, making 4!, per cent for | year. Russeks Fifth Avenue, Inc., deficit, | | =fl“IIilIIIIllllHI|lllIIHTI|II|Illlllml"lllllllll 0{ Home-owners United States. the Real Estate erest rates with S. District 9436 year ended January 31, 1932, $84,441 vs. deflCit $157,107. Weston Electrical Instrument 1931 ggr{x;non share earnings, 32 cents vs. Armstrong linoleum grades on average of to 7 cents a yard. Siemens & Halske, A. G.—Orders off 40 per cent in four months ended Feb- ruary 29; decnne in previous 12 months was 10 per cent T vest Vlr‘mh Coal & Coke 1931 deficit, $211,993 vs. deficit $94,295. Bourjois, Inc., 1931 common share earnings $1.20 vs. $1.34. Ford Motor Co.—Reported com- pany’s steel orders are below expecta- tions: assembling 100 cars daily. Peoples Drug_Stores 1931 common share earnings $3.81 vs. 4.13. American Bakeries declared 25 cents quarterly class A dividend; formerly paid 75 cents. American Tobacco—Stockholders of Cork to mark up some 6 cents | American Cigar Co. ratified plan to| transfer practically all business to this | company. Consolidated Cigar Corporation de- |clared 75 cents common dividend; for- merly paid $1.25 quarterly. Garlock Packing declared 15 cents quarterly common dividend; formerly pam 30 cents, raham-Paige Motors — Prices of elght-cyl!nder models marked up $100. Associated Telephone & Telegraph declared $1 quarterly class A dividend; in previous quarter also declared 50 cents extra dividend. Chicago Railways ended January 31, $572,641. net income, year 1932, $431,117 vs. The Great Wall of China is the world’s largest construction. It is a huge barrier of earth, brick and stone lnd with its loops, twists and Y-shaped diversions is 1,500 miles long. 1AL STORASAREREAY INLIGHT TURNOVER List Sags in Draggy Trading, With Leading Issues in Supply. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK. March 16—Listles trading and sagaing prices marked toi day's dealings in stocks. The marke Wwas not weak because there was mnf volume to it. but it had a heav] appearance. There was little in the news to en. r: ng of to 25 per cem ‘> he Ford Motol was givet : the lower operations oadings, while higher th: K , failed to show a season gain. The only constructive (tem, if could be called that, was the abundaney of money, coinciding with the Governs ment run-over on the tax date. It was the railway shares on whicl interest centered. Unofficial assurancej | that roads with maturing bank loan | would meet their obligations were inef: fective in rallying the rallway share during the morning hours. Baltimory & Ohio preferred, dividend action on which was scheduled for later in thi | day. made a new low, and so did South: ern Pacific, although only by fraction in both cases. Union Pacific droppet back 2 points, Delaware & Hudsoy more than 3 points, and lower pricel were made by Atchison, New York Ceny tral and Pennsylvania While not much was heard about t! Kreuger tragedy today, Kreuger & Tol stock went to a new low early in thi session. It was announced that whey the Stockholm Exchange reopens Mon day, trading in Kreuger & Toll sharel will be suspended. Auburn had one d | its characteristic sinking spells, with { | loss of 5 or 6 points before noon. erican Telephone, United States St and General Motors were all in supp! jon every rally, Steel preferred sol under par. | "For a t:me there was good supj for the gold mining shares and !m few of the store stocks, but they wi |unuble to make much progress ags the reactionary tendencies elsewhe American Can was helped by movement to exempt canned from the sales tax. International Bt ness Machines ran up a point or two. The best that could be said for th market was that there was no press ing liquidation. Stocks receded not ba cause of heavy offerings, but becaus of the absence of buying interest. Th technical position was such that | important favorable development wor find the market ready to make em phatic response. NEW YORK BANK STOCKS NEW YORK, March 16 (#)—Oven | the-counter market: | BANKS. | chase . | Commereci; Nati First. National N’ Manhat Co . Nl"oflll Cfly . | Publ . TRUST COMPAI““ Bankers Brookiyn " Cent Hanov: Chem Bank & Trust . Cont Bank & Trust Corn Exchange 90% 93y First Mortgage Loans Lowest Rates of Interest and Commissiog Thomas J. Fisher & Company, In | | For Buying, Building or Refi- | nancing Completed Properties. | Prompt Attention—Reasonable Rate Real Estate Mortgage and Guaranty Corp. i| 1610 K st. Nat. 1403 ey QIIIIHIIIIIIHIIIIIIHIIIIIIIIIIIIIIIIIIIIHMilIIIlIIIIIIIIIIIlHIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIlIIlIlIHIIIiIlIIIIIIIIHIIIIIIIIIIIIIII Organized 1879 52nd YEAR COMPLETED Equitable Co-Operative Bldg. Ass’n JOHN JOY EDSON, President WALTER S. PRATT, Jr., Secretary ..$6,124,601.00 Subscriptions for the 102nd Issue of Stock Being Received Regardless of what the occasio: a home — vour childr tion — the savings pl Equitable you to money. R SAVE As You EARN U n may be— old age— en’s educa- systematic an of the will help accumulate I £ 915 F St. IIIIIIIIIIIIlIlIIIIIIIIIIIIIIIIIIIIIIIIIIIIlIlIl|IIIIIIIIIIIIIIIIlIIIIIIIIIIl|IIIIIl|IlllIIIIIIHIIlIIIIIIIHIllIIIIIIIIlIIIIIIIlIIIIlIIIIIIIIII MORTGAGES PROFITABLE— AND CONSERVATIVE That is the double value of an investment in our 6149, FIRST MORTGAGES The security, which rests in im- proved Washington real estate, will meet your Over a Third of a b oy which the Without a N Tl fay be from $250 idea of safety; while the assurance of 6159 interest contin- uously throughout the period for morggage runs certainly means a PROFITABLE investment. purchased in amounts up—and upon our Con- venient Partial Payment Plan if you so desire. B. F. SAUL CO. National 2100 THERE 925 15th St. N.W. IS NO SUBSTITUTE FOR SAFETY [t