Evening Star Newspaper, March 16, 1932, Page 15

B 2 Rail Issues Again Featured, e FINANCIAL BONDS IRREGULAR IN QUIET MARKET UNITED (Sales are Bales. Lib 3% s 32-47,.135 List43s32-47 68 L 4th 435 33-38 170 i S3s51-55....115 US3%s'49. US3¥sM4l-3 92 {US3%sT40-3. 32 US3%s43-47.. 23 US 3% 46-56. 1U S 48 44-54 [US4Ks4eT 90 95 96 With Most Groups Yield- ing to Pressure. 101 108 BY F. H. RICHARDSON. Bpecial Dispatch to The Star. NEW YORK, March 16.— After opening higher, with United States| Government long-term bonds and speculative railroad issues in the van,|{Am Beet su.:: '35. the bond market turned frregular in|Am Chain 685 i 2 dull trading today as pressure Was ap-iAm IG Ch 5%s'49. plied to selected issues. Am Intl6%s"49. .. Reports that the Reconstruction Fi- :: ;‘:;1“1 :;‘xfi: :1 nance Corporation would aid the Mis- | Am Sug Ref 65'37. sourl Pacific Railroad to meet matur- 9 ing notes April 1 were confirmed by Am T&T ¢ tr 58 the opening action of the market when | 4 meT 5o g ¢ 60 Missouri Pacific 5s, General 4s and 5%28 | 4\, 7T . Tan up 2 to 4 points. But these gains| Am wat Wks 63 '75 were not, fully maintained in early trad- [ (70 "R TS ing, and the market had a nervous ATESnUAS B e tone as if awaiting important develop- :"’““:: "'JY“, ments. Some statement was believed | ATEENNS S5 OC O to be forthcoming in regard to the Ar:nnllmhA'H: Missouri Pacific and the whole Van Argantine Ss B55. 1 Sweringen system. Chesapeake Cor- poration 5s recovered a couple of Abitibl P&P §s'53. Ab & St 54543 Adams Exp 4s'48 A'leghany Cp 5s Alleghany 55 '50 | Allis-Chalm § : 17 3 10 AmT&T 5565 Arm & Co 4% 29, Arm Del 53343 ts. | 5 g Nickel Plate 6s, Erie 5s and other | 4!chisonad;ds bonds of the group improved, but were still substantially under theif recent 1932 highs. There was some selling of inactive issues, such as Chesapeake & i A1) G T o1 48 Ohio—Richmond and Alleghany divi- { %1) Rer Qb 58 37, sion—4 per cents. Thesq were offered | ' io) 2000 B - at 73, off 6 points from the previous |y, & .o s 220 sale. b Baltimore & Ohio first 4s, basic mort- | Austre 5.0 gage of this system, were off more than : 2 points. Southern Pacific 4158 lost & Polnt and 5o did Southern Railway 4s. At the same time there were small ad- wvances in such issues as Chicago Great Western 4s, St. Paul 55 and St. Louls- San Prancisco B 5s. Baltimore Markets Bpecial Dispatch to The Star. BALTIMORE, Md, March 16— ‘White potatoes, per 100 pounds, 758 1.05; sweet potatoes, bushel, 35a60; yams, barrel, 1.00a1.50; beans, el, 2.00a3.75; beets, crate, 2.75a3.00; cab- bage, hamper, 2.00a2.75; carrots, bush- 1.50a1.75; caulifiower, crate, 1.65a 1.90; celery, crate, 2.00a3.50; kale, bushel, 25a35; cucumbers, bushel, 2.50a 3.00; lants, 1.75a2.75; let- tuce, crate, . onions, per 100 pounds, 4.00a6.00; peppers, crate, 1.75 a2.75; spinach, bushel, 1.25; squash, bushel, 1.50a2.00; tomatoes, crate, 1.00 a2.75; turnips, hamper, 40a65; apples, bushel, 90a1.75; grapefruit, box, 1.00a 2.00; oranges, box, 2.25a4.25; straw- berries, pint, 8a22%. Dairy Markets. 3 Chickens, young, 24a28; Leghorns, 22 #24; old hens, 18a20; Leghorns, old, 17ai8; roosters, 12a14; ducks, 12a22; guinea fowl, 30a65; pigeons, pair, 20 a35; turkeys, 18a35. Receipts, 824 cases; current re- ceipts, 13; duck e'sx 18a22. Canada 4 utter—Good and fancy creamery, 22 | Canada 55’52 225%; ladles, 15a16; process, 19a20; ) Can Nat Ry 41is store packed, 10a1l. Can Nat 4% 8 '57 Can Nat 4343 '68 Hay and Grain. Can Nat 58 July’ ‘Wheat—No. 2 red Winter, garlicky, | Can Nat 6s Oct '69 spot, domestic, 58!2; March delivery, | Can Nat5s'70 58%; April, no quotation. Can Nor ¢%s'35 Corn—No. 2 yellow, spot, domestic, | Can Nor 618 db 42a43; cob corn, new, 2.00a2.10 per |Can Nor 7tdb‘40.. barrel. (C:-n ;-e db Oats—No. 2 white, domestic, 34a35; | Can Pac 5854, ..., No. 3 white, domestic, 33a34. CarClin & 0 65 '52. Rye—Nearby, bag. lots, 45a48. Cent Ill GAE 58'51. Hay—Receipts, none. General hay | Cent Pac 4s'49 market is quief. Receipts ample of | Cent Pac 55°60.... timothy, but good mixed hay scarce and | Cen Ry NJ g 55 °87. a premium. Prices range from | Ches Corp 55°47... 140 12.00 to 16.00 per ton, as to grade and [ C & O gen ¢34s°92., kind: latter X:ure for choice clover c.ofu,.i‘w’." -} mixed. The g(‘)orer grades of timothy{C&O4i;sB ‘5. are irregular price. Straw—No. 1 wheat, 8.50a9.00 per ton; No. 1 oat, 9.00210.00 per ton. 9 Bk Chile 63561, .. Batav Pet 4148 ‘42, Belgium 6s ‘55 Belgium 6% 49, Belgium 7855 Belgium 7s '56 Bell Tel Pa §s Bell Tell Pa bs C Beth Stl pm 55 '36 Bolivia 7s'69. Bordeaux 6s '34. . 8'26 Brazil 6148 ‘27 Brazil 7s 61 Py. Buff Gen El 434s'31 Bush Ter con 55'55, Calif Packing 5540 Canada 45 '60 3 Chi & Alt 3s. . CB&Qgn4s's8 C B&Q 1strf 58'71. Chi & Est I11 55'51. Chi Grt West 4859, Washington Stock Exchange. SALES. Natl. Mtge. & Inv. pfd.—50 at 3. Wash. Gas 6s A—$1,000 at 100. Lanston Monotype—2 at 65. AFTER CALL. ‘Wash. Gas Light—10 at 90, 10 at 90, 8 at 90. ‘Wash. Gas 55—$1,000 at 10015, Pot. Elec. 6% pfd.—10 at 1111, Wash. Gas 6s A—$500 at 100%. Pot. Elec. 65 1953—$1,000 at 106. ‘Wash. R. & E. 45—$1,000 at 84, $1,000 at 84, $1,000 at 84, $1,000 at 84, $1,000 at 84. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Amer. Tel. & Tel. 4'3s '39 Am. Tel. & Tel. ctl. tr. 55 Anacostia & Pot. R. R Ana & Pot. Guar. 5s.... C. & P. Tel. of Va. 55 .. Capital Traction R R. 55 City & Suburban 5s C M StP&P & Chi&NW 4%s 2037, C&NW 4%s C 2037, Chi & NWen4%s.. Chi RI&P rf 4s'34. ChiRI&P 4%s'52 Chi RIcv 4%s'80. C TH&SE in 0. . Chi Un Sta 4%s°63. C & W Ind cn 48'52. C& W Ind 5345’62 Chile 65°63. .. Chile 7542, Chile Cop db 55 '47. Chin GvtRy 68 '51. CinUnTrust 5s 2020 CCC&St L 4%s E'T7 Cologne 6%s5'50. .. Colomb 6s Jan ‘61 Colomb 6s '61 Oct. Colo & Sou 4% s '8 Col G&E 5s May'52. Col G&E cou 5s'61. Com Inves 534549 Con G NY 4%s°51., Con G NY 5%8’45. Con Pwr Jup 6%s. . 1 Con Pow Japan 7s.. Consum Pow 5s'52. Copenhag 4%s '53. Copenhag 55 '5: Bid. Asked. . 104% 9 i00i4 MISCELLANEOUS. rber & Ross. Inc. 6%t evy Chase Club Slas lumbia Country Club 55a - M. Cold Stornge s Al STOCKS. CubaR R 58 . Cuba RR 6s ctf Cuba Nor 5%s Czecho 8s°51. Del & Hud rf 4s'34. Denmark 416 .| Denmark 5155 Denmark 6s 4. D&R Gronds” D&RGr4%s & W. Steamboat (13}, Esz. Power 60 Bi.... Power ¥. & El com & Ei ptd. (8) NATIONAL BANK. Min. price. Asked. Capital (14)... o AT Columbia (132 E 375 Commercial (stamped) (10). .. strict (8) " : ‘ed -Amer. Natl. Bk. & Tr. (2). 2% Liberty (Th).. e T Lincoln (i0).. " Deutsche Bk 6s 32, Duquesne 4%s '67 Dutch East ] 6s'62. El Salvador 8s '48 Erie 1st con 48 ‘96 Erie conv 4s B 9e)." " Washington ' (12) TRUST Amer. Sec. & Tr. Co. (15) Natl ‘Sav. & Tr. (133) e Prince Georges Bk. & Tr. (6)... Dnion Trust (8s) 1 Wash. Loan & Trust (14) SAVINGS BANK. Bank of Bethesda (65) om. & Sav « Finland 63%s '56 Fram 1D 842 o hesd ] French 7s ;lll Washington (12) *| Fromch 1% Seventh Enrelen?lfl,?‘ gln:led States (30) ‘ash. Mechanics (20). ., . FIRE INSURANCE. American (12).. Corcoran (10). National 1) Gelsenk'hen 6 Gen Cable 5%5'4 Gen Motors 65 '37 GenPSv5 Gen StCass Gen Th Eq 6 German 53 s '65 German Bk 6538 . Ger Cen Bk Ger Cen Bk German Tsrep‘49. Ger Gen E1 75 '45. . German Bank 78'50 Goodrich cv 6s ‘45 Good 1st 6%5 47, Goodyr Rub 58'57 Grand Trunk 78'40. Grt Nor 4%s'17E. .| Grt Nor gn 5%s ‘62 7" | Grt Nor gn 783 Halti 6s '5: Hud & M adj 5 Hud & M 15857, . Humble Oil 58 '37.. Humble O §%s'32. 111 Bell Tell 58 '56. . T A Tnion (185).. TITLE INSURANCE. Columbia (6h). ... g Real Estate (6h)... S 18 MISCELLANEOUS. 10% 160 Bld. Asked. sich it extra. 1 ; | ON NEV YORK' i R STATES. n $1,000.) High. 5 8 1 1 101% 3 52 Low. 89 20 9211 9125 9424 95 9424 948 97 18 96 30 00 20 0228 . High. 3 101 101% 37 42% 84 55 5% 1007 8929 9126 9431 95 M8 96 30 294 92 53% 92% 827 81% 48% 934 63 70 76 74% 58 'HE EVENING S— STAR. eceived by Private Wire Direct te The 98 26 9822 9822 100 8 1003 100 20 100 16 100 18 | Int Hydro El 6s "44. 20 Sales. 10 .26 3 9 Int Rap Tr 6s'32.. Int Rap Tr7s'32 Int Cement 58 '48. . Int & Gr Nor 6s'52. Int M Co 68 ret "41. Int Match 58 '47. Int Pap bs A *47. Int Pap 6s.'55 73 IntT&T 434 52.. 10020 | Int TE&T ev 43%s'39., 10228 | Int T& T 68°65.... Japan L] Jugosl Bnk n C FIS&M ds 36 City Sou 55'50. Kan City Ter 48'60. Karstadt 6543 Kresge Found Kreug & Toll 65’59, 66 LacG St L 5s°34 Leh Val cv 4s 2003, Leh Ven 4352003, Lig & Myers 58’51, Lig & Myers 7s "44, Loew's 6s ex w '41, Lorillard 5s '51 Lorillard 7s 44 La & Ark 5s '60 L & N uni 45 '40. Lyons 6s'34. McKes & R 51, 8'50 Manh Ry 1st 45°90. Market St 78'40. .. Mex 4s astd 1910°45 Midvale St 55°36. Milan 6%s ‘52, Mil El Ry&Lt bs 'T1 MSP&SSM 51549 *1I NY NH&H db 4857 MSP&SSM 51578 MEK&T 4s B'62 MK&Té%s"S... MK&T pr In 55A'62 Mo Pac gn 4s'75 Mo Pac 55 A '65. Mo Pac 58 F '77. Mo Pac 58 G "78. Mo Pac 55 H '80. Mo Pacrf 58'81. Mo Pas5%s A Mont Pow 58°43. ... Mont Tr 1st 58 *41.. Nat Dalry 5% 8'48.. t Steel 53°56.... 14 therlands 6s “72 NOT&MG5%s"54. Nw 8 Wales 68 ‘67, Nw § Wales §s ‘58, NYCEn3s'sr.. N Y Cent 4598 . N Y Centdb 4534, N Y Cent 4348 2013, NYCrf4%s2013, N YCrfimGs 2013 N Y Cent db 65'35. NYC&StL 4%5'78. NYC&StL51SA'T4. NYC&SL 65°32... N Y Edison 5s B'44. NYEAd1st6%s41. NY EL H&P 4549, NY NH&H 3%8'54. NY NH&H 33556 NY NH&H 4556 . 1 1 4 7 8 5 2 6 5 4 1 8 1 5 3 135 104% 67 8¢ 98% 713 | 841 13 13 12% 164 5614 11 97y 68 37 24% 25 67% 82% 80% 91% 94 104% 46 55 99% 384 36% 38 24 85 69% 84 8215 63% 63% 28% 67 954% 86% 40% 71 4“ 59 101% 52 &. Uruguay 6s'60.,., | Paris-Ly M 65 NY NH&H 415867, NY O&W gn 48’ . NY Rys Inc 6s'65.. N Y Tel 4245°39. 5'46.. e Nor Am Ed 55 C'69. Nor Pac 35 2047, Nor Pac 4s'97..... Nor Pac 55 D 2047, Nor Pacri6s2047. Nor St Pw 6s B '41. Norway 5s°63. Norway 535 '65. Norway 6s'43. Norway 6s'44. Norway 6s°'52..... Ore 8h L 55 gtd '46. Oreg-Wash 4s°61.. Orfent Dev 5 Orient Dev 6s ‘53 Pae G&E 53’42 Pac T&T 1st 5837, Pan Am Pet 65'34.. Pan Am Pet 6840, Paramount 65 '47.. o o = Paris-Or 5%s ‘68 Penn 4%s D81 Penncv 4%s'60. Penn gn 43565, Penn 4%s ‘70 Penn 55 '64. Penn gen 55 ‘63 Penn 6%s'36 Penn P&L 4%s '81. Peoples Gas 58 "47.. Peru 6s'60. Peru 6s'61. Phila Co 556 Phila Elec 45 Phila & Read 5 Philippine R 4537 Phillip Pet 5%s'39 Pillsb F M 6s'43... Poland Ts '47 Port Gn El 4% Pos Tel & o Prussia 6. Public Serv 4, Pub Sv G 4% Pub Sv G 435870 Queensiand 6s'47.. Queensiand 7s°41.. Read gn 4358 A 97, Rem Arms 65 A ‘37, Rem R 5% s A '47.. Rhinelbe 7546 Rhine West 6s Rhine West 6553, Rhine West 65’55 .. Rio de Jan 635553, Rio de Jan 8s '46. .. R Gr Do Sul 8546 . Rlo Gr Weit 4s'49. Rome 61 : Roy D 4545 ww... SL IM R&G 45'33. St L&SF in 4s StL&SF 4 StL&SF p15 BT L e T e O LT T L L LT TP wn an St P Un Dep Sao Paulo 8550, .. Saxon P W 6%s'51 Saxon 78 '45. Seab A L 4s = Seab A Lcv 6 8hell Un Oil 55" Shell Un Ofl 55 Shinyetsu 615 '52 Sinclair Of) 63%s 38 Sinc O 7scv A'37... Sinc Cr05%s'38.. SincPL5s'42. ..., Skelly Ofl 53539, Soissons 6s ‘36 Solvay Am 5542 . Sou Bell T&T 5541 SW Bell T 55 A '54. Sou Pac col 4s Sou Pac ref 4555, Sou Pac 41568, . Sou P 4%8 69 ww. Sou Pac 415 '81. .. Sou P&OT 4% Sou Ry gn 4s'56 ERaanboar-raneSalers vhrnmemeSoname He Eaurz P T L - T -1 StOIIN J5s'46. StOiIINY 4%s 51, Sweden 5748 54. .. Swiss 5%s'46..... Talwan E P 5% Tenn Cop 68'44. ... Tenn E1 P 65 A "47, Texas Corp 5s "44. . Tex & Pac 58 B'77. Tex&P5sC'79... Third Avrf4s°60.. Third Av Ist 55°37, Third Av adj 5s'60. ‘I'oho El Pw 6532, Toho El Pw 7s '35, Tokio 5852 ..., 1 Pokio 5134 6 Tokio El Lt 65 '53. . Un Pac 15t 4547, Un Pac rf 45 2003, Unit Drg ev'ds'53. Utd King §3%s'37.. S Rub Ist 58147 » raSananalar - o anBFoas Zao U U %sC'51., 1 High. 40% Low. 40% 2% 34 2:58. 40% 1215 63 43 35% 53 32 364 40 48% 42 3% 90 72 2913 88% | pxchange opened quietly today with 40 5915 | lower as the session progressed. 674 8474 20% 90 32% 9415 4 53 56 /by publication of the weekly electric 102 119 92% 9% 79 79 101% 100% 100% 6% 96 9 2 3 1 BONDS e v ] ] o Some of the Leading Issues RBSHARES DRP | N SELLING NOVE Decline to Previous Low Figures. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, March 16.—The Curb price trends mixed, but stocks moved tric Bond & Share common, 'h!el;c issued, and $5 preferred stocks came within fractions of their previous low levels. Cities Service moved within a narrow range. Central Public Service A touched a new minimum. Standard Oil of Indiana was down a fraction. Public utilities were directly affected output statistics and 1931 earnings stal.pemzmr. Elsewhere in the list divi- Jend revisions and omissions, along with unfavorable earning reports or trade comments, brought about fractional changes. . Electric output last week dropped 8.2 per cent, as against 8.7 per cent in the previous week. The decline, however, was disappointing in view of reported increases in production in in- dustrial regions. Uaited Tight & Power shares turned heavy as a result of the report of 1931 profits of $1.14 a share on average class A and B shares outstanding, against $1.94 a share on a smaller amount of stock outstanding in 1930. Railroad Income. NEW YORK, March 16 (#).—In view of recent marked weakness of rail issues, Wall Street is not inclined to look for anything particularly cheerful in the forthcoming statements for February. The 10 per cent wage cut will make the figures better than would otherwise have been the case, but with traffic continu- ing at its present low level, net income can be lifted only through intensive economies. . February Financing. NEW YORK, March 16 (#).—Febru- ary financing by domestic corporations amounted to only about $50,000,000, ac- cording to estimates. ~“This is the smallest since last October and slightly below the January figures. The total last year was estimated at $154,754,000. BONDS ON THE CURB MARKET. DOMESTIC BONDS, oy High. Low. N 821, 820 in thousands b 2 Alabama Pw 41as '67 1 Aluminum Co 53 '52. 2 Aluminum Ltd Ss 48 2 Am Cmwih Pw_6s '40 ppalac Gas 13 Appalach Pow 58 4 Argans P & L 55 '56 7 Asso Elec Ind 4'2s ‘53 17As80 G & E 4125 '49 C 2 2Asso Gas & El 55 '50 s Cent St Elec 5'as St P&L 5 4las '58 9312 1 Crucible Steel 55 '40. h; 37 85 4 Georgia Power 8s |67 1Glllette S Raz 55 '40 Gi 6s 7 1Hous L&P 414 T Pow&Lt 65 A 21 PowkLt 55 C 10 Illinois P&L 5'%s 1 P&L A 13 Tnsail Ut 8 s $I2F Beedt { Internatt 6. 37 T r G&C 5'as 50 3 Lone Jalund L P12 %al s Y 4Njd Wes Ut 55 1Mld Wes Ut 2 Mid Wes Ut 55 9 5 dep. 65 45 '33 cv 34 cv 38 v sIE I WASHINGTON, D. C, WEDNESDAY, MARCH 16, 1932. N. Y. CURB MA&S‘ET Received by Private Wire ignated by Qetter “s.” Stock and Sale— Dividend Rate. Add. 00. High. Acme Steel (1.60).. 100s 15% Allegheny Gas..... 1 % Aluminum of Amer 850s 47%: Alum Co, Ampf(3). 1 56 AmCitles P& L B. Am Comwith Pw A, Am Comwith Pw B. Am Corp cesian Am Cyanamid A. .. Am Cyanamid B. .. Am Equities. ... .. Am & For Pw war. Am Founders Am Gas & El (. Am Invest B, . Am Maracaibo Am Salamandra. .. Am Superpower. . . Am Ut &G B vte Am Yvette Appalachia 3 Arkansas Nat Gas. Arkansas Nt Gs A.. Ark Nt Gs pt (60c). Art Metal (M%) . AssoG&EAb5%. Asso Gas & E war. . Atlantic Coast Fi Atlas Utllities. Atlas Util pt A (3). Blue Ridge Blue Ridge pf (a3) Brit Celanese rets. . Brazil Tr L&P (1). Buff N&E 18t pf(5) Bunker Hill & Sull, 50; Burma Ltd ret(2c) Butler Bros. Cables & Wire B Canadfan Marconi . Cent PbS A (b5%) Cent States Elec. .. Chain Stores Stk . Cities Serv (g30c). 11 Cities Sve pf (6)... Clev Elec Illu 1.60. Col G & Ecv pf (5) Col Oil & Gas vtc. . Comwth Edison (8) Comwlth & Sou war Consol Oil Corp. ... Consol Retail Strs Cooper Bessemer. . Cord Corp........ Corroon & Rey pf A Cosden Oil . Creole Petroleum 1 Cresson Cons...... 1 Crown Zell pf A 1% 500s Cuneo Press (234). 1 Darby Petroleum. . Dayton Air & Eng. Deere & Co....... De Forest Radio Derby Ol & Refin Driver Harris. Duke Pow (5). .. Durant Motors. East G & Fuel Asso t States Pw B. Eisler Elec Corp. Elec Bond & Sb6% 15! Elec B&S cm pf(5). 3 1 Mu::' seld in 100-share lots except nm‘ Low. Close 1515 | ol | 46 | 56 | 24 | .. 6 6 2 3 2 1 258 69 6 1 1 8 Elec B& S pf (6). . El Bond & Shn w.i. Elec Pw Asso A (1) Europ El Ltd A 30¢ Ford Motor Can A. F'd M Ltd p 36 3-5c. Foundation For Sh Fox TheatersA. .. General Alloys. ... Gn E Lt ret p36 3-5¢ Gen Empire Cp 40c. Gen Leather Gen PubSve pf (6). 1 Gen Theat Eqcvpf. 1 | Gerrard (SA) Co... 2 Glen Alden Coal(4) 3 Globe Undewr(20c). 1 | Golden Center 3 Goldman Sachs.... 33 GtA&PTnv t6% . 308 GtA & P Tea pf (7) 208 Gulf Oil of Pa. 4 Hamilton Gas 3 Happiness Cand: Hecla Mining (40c) Horn & Hard (2%) Horn&Hard pf (7). 50s Humble Oil (2).. T Hygrade Food INP&LDL(6). Imp Ofl of Can 50c. 10 Imp Oil Canrg 50c. 3 InsullInv......... 4 | Insull Util 2d pf 6. . Interstate Equi ¢ p) Ins Co N Am (2). Insurance Sec Int Petrol (1)..... Int Superpower (1) 1 1 2 9 5 0 7 b3 5 1 3 1 5 % | 8 | 2 258 Italian Superpw A. Johnson Mot Kirby Petroleum. Knott Corp. .. Kolster-Br Am sh. | Lone Star G n(60c). | Miss R Fuel db rts. | Mo Kans Pipe L. .. | South Nat Gas. . Stand Oil K. | Stard Pw & Lt (2). | Stand Pub Srv A | Stutz Motor Car. | Tastyeast. ¥ % | Utfl& Ind pf 1% Direct to Stock and Sale— __Dividend Rate. . Add 00. High. Low. Close. Lefcourt Rity 1.60. 3 4% 4% 3 6% 64 Long Isl Lt pf (7).. 10s 100 100 MagdalenaSyn.... 43 & & Margay Ofl (1) e R 6 Mass Utilcvpf 23 50s 20% 20% Mavis Bottling A.. 10 - % % rflower Asso(2) 1 Mid West Util b8% 117 Minn Honey pf (6). 10s Mont Ward A (7).. Mountain Prod 80c. chman Spring. . atl American. ... NatBnd & Sh (1).. 3 Nat Dairy pf A (7). 50s tl Fuel Gas (1) 2 tl Invest war. 5 Natl Pw&Lt pf (6).100s Natl Rubber Mch. . Nat S T Sec A $60c. Natl Transit (1)... New Bradford Oil. 1 ew Eng Pw pf (§) 30s New Mex&ALnd. 5 N Y Steam ¢2.60)... 2 NYTelpf (6%)...258 114 Niagara H Pw(40c) 24 6% Niag HPwAwr... 13 % ag Sh Md (20¢) . 2% orth Europ Of1 North § Pw pf Ohlo Brass B (2).. 258 Pac GEE pf 1.37%. Parke Davis(t1.10) Parker Rust P (3). Pennroad (40c). Philip Morris. Pioneer Gold (12¢). Pitney Bowes b4 % . Pilot Radio Tube A Premier Gold (12¢) Prudential Inv. ... Pub U1 HIdx w. . Pub Ut Hold em pf. Relter Foster. Reliance Intl A. Reybarn. ... = Richman Bros (3). St Regls Paper.... Salt Creek Prod (1) Seaboard Util (28¢) Secur Allled (1)..., Secur Corp Gen 40c, Segal Lock & Hrd. . Selby Shoe (1.40).. Selected Ind. . Selec Ind al ct(5 Selec Ind pr (54).. Sentry Saf Control. Sierra Pac El pf (6) 10s 721 Singer Mfg.Co (8). 20s 1251 Smith (A 0). 2 Southern Cor; South Penn Oil (1). Sou Cal Ed pf A 1% 10 waZoa P TR T V7 Y TP QUAPSIIoN - D %l 16% | 14| 18% | Stand Of1 Ind (1) (1.60). and Oil Nebr (2). Sunray Oil Swift & Co (2 Tampa Elec 2 Tech Hughes (0c). Trans Lux D L P Tubize Chatel B. .. Tung Sol Lamp pf 3 Un Gas of Canada. . United Corp war. .. United Founders. . United Gas. . United Gas war. 2 Unit Lt&Pwr (A).. | United L&P pf (6) . United Milk Prd pf. Utd Shoe Mch 3%, US&Intl Re...... U S & Intl 15t pf. United Stores vt United Verde Ex. Util Pwr & Lt. Util P&L pt (7). Utility & Ind. . o | o ‘an Camp Pack. Venezuela Pete, Vick'Finane (30c) . Walgreen Co. Walker (H) 25¢. Wenden Copper. West Cartridge pf. 25s Willlams R C (70¢) 1 Wil-low Cafe pf (4) 258 Wolwth Ltd 23 3-5¢ 10 10% “Y” Ofl & Gas, 7 #* Dividend rates in dollars based on last quarterly or semi-annual payment. °*Ex dividend. tPartly extra. $Plus 4% in stock. a Payable in cash or stock. b Payable in stock. e Adjustment dividend. fPlus 5% | in stock. gPlus 6% in stock. hPlus 1% in Stock: T Plus 2% in stock. K Plus 10% in stock m Plus 3% in stock. n Pius 8% in | stock. p Paid last year—no regular rate. 4 10% 3% % 51% 8 19 10% & 517% 8 19 Everybody’s Business Market Set Back by Adverse Developments, Despite Favorable German Vote, but Not Hysterical. BY DR. MAX WINKLER. Special Dispatch to The Star. NEW YORK, March 16.—The very | favorable outcome of the German elec- tions, even though no definite result GEFREER R E R P 233833 2u@eRnIIIIIs. & =k 55 ER T RSN EEE b et bt A S Elt TI R b E S ¥ 55977 o ‘aldorf Astor s .54 1i'a Tex Ut 85 A '37 5813 atvac Chi $%4s '37101 FOREIGN BONDS. ‘37 40 48% 2 pree Uruguay 6s'64 Utah P& L 6s 4. Util Pw 6s'59 ww.. 11 38% Util Pow 5%s°47.. 3 40% Vanadium St 5s'41. 2 57 Vienna 68 ‘52 12 624 Va Ry 1st 5 1 901 Vas W ev 5s ' 5 421 ‘Wabash 414878, 1 10% Wabash 15t 58°39.. ash 2d 55 ‘39 % 424 i 99% | 57t% 61% West Pac 5s 46 . West Unlon 5s'51. West Union 55 '60. West Un 6% ‘38 Wil & Co 1st 6s ‘Wis Cent Yokohama Ygstn S&T 58 Ygstn SAT S8 B70. 2 - 2! hysterical liquidation throughout the | against 20 per cent in 1929. was achieved, apparently was not suf- ficient to offset the rather numerous adverse week end developments. These included, wth others, the death of Ivar Kreuger, the fear of possible disintegration of the gigantic combine created by Kreuger and controlling as- | sets aggregating more than a billion dollars; a report that Bulgaria would suspend payment on her external in-| debtedness, including, as it would, bonds sponsored by the League of Nu-i tions; the defeat suffered by the wet forces, and, finally, the death by sui- | cide of George Eastman, prominent | industrialist and head of the Eastman Kodak Corporation, These above happenings proved too much for a market whose technical po- sition had become somewhat impaired as a result of the recent fairly uniform advance in quotations which yielded readily to whatever selling pressure developed. However, it was gratifying to note that there was no evidence of greater part of yesterday's trading. Old Methods Revived. Back to the orthodox methods of in- vesting appears to be the pew policy of the Sun Life Assurance Co., Can-| ada’s leading insurance enterprise. The proportion of bonds to total security holdings at the beginning of the cur- rent year constitutes the highest since 1927 and amounted to 26.8 per cent, In new investments, T. B. Macaulay, the president, informed his stockhold- ers the company favored high-grade bonds, yields on which are now very attractive. In view of the unjustifiedly low quo- tations at the end of the year, which bore, apparently, no true relation to values, the company’s securities are carried on the books at the average values for the past five quarters. Adverse Dividend Rumors. ‘To counteract rumors to the effect that Electric Bond & Share might postpone or even omit the dividend due this time on iis prefeired, it may be pointed out that no action will be taken until March 22. There 15 no doubt whatever that the regular payment will be ordered on the $5.and $6 preferred. Last year the dividends, ting to over $8,000,000, were earned more than three times. The postponement of sympathetic effect upon quotations of the various Electric Bond issues. Relief in Sales Tax. A relief from excessive taxation of any one commodity or class is expected to result from the manufacturers’ sales tax, according to R. C. Holmes, presi- dent of the Texas Co. The recommendation for such a tax, Mr. Holmes continues, has in it the pos- sibilities of a more equitable distribu- tion. He illustrates his view by refer- ring to the oil indusery, which last year paid taxes equivalent to 85 cents a barrel on the entire crude oil pro- duction in the United States for the year, whereas the average price of crude. oil at the well was 67 cents a barrel throughout the United States. For Increased Production. Sir Auckland Geddes, head of one of the largest African copper producers, is not impressed with artificial measures of relief. Regardless of curtailment by copper interests, he says tne only solu- tion to the present overproduction in the industry is increased production. Sir Auckland is optimistic in regard to the future of the industry, because he is convinced that the basic picture within the industry is more funda- mentally sound than is generally real- ized. Despite further difficulties which are likely to be encountered,.he is gon= fident that the co-operation among pro- ducers should prove an important fac- tor in eventuelly finding a solution to aid in its recovery. - Missouri Pacific Weakness. Contrary to the general trend in the bond markets, including that for second- grade railrcad issues, Missouri Pacific obligations developed considerable weak- ness, due apparently to fear over the road's ability to meet maturing debts next month. . There is little doubt that the Rail- road Finance and the Reconstruction Finance Corporations will come to the aid of the system if assistance is re- quired. Should the carrier be permitted to default on any of its issues, it is | within reason to assume that confidence in the above instrumentalities will di-| minish very considerably and under- mine confidence in the Government’s effort to aid the transportation systems of the country. One may therefore conclude that the situation will be taken care of promptly and that no difficulties will’ develop in connection with Mop's due debts. (Copyright. 1932, by the North American Newspaper Alliance, Inc.) Whaling Industry Gains. NEW YORK, March 16 (#).—There were no walls in the whaling industry 4| higher the second weex of March, but HOTEL AT HAGERSTOWN age | $524,500 and debts totaling $28,881.62. | The purchase price, "" today. Trading was fairly active. There financiaL #ex A—IS PRICES FORFARM | PRODUCTS HIGHER Sudden Change in Weather Results in Gains for Many Lines. Most of the leading farm products felt the influence of cold, stormy weather during the first half of March, and price gains were numerous the sec- ond week of the month, says the United States Department of Agriculture, Bureau of Agricultural Economics, Mar- ket News Service. The rising trend in- cluded grain, butter, eggs, most kinds of live stock and many of the vegetables. Vigorous market action of onions and cabbage suggested real shoi and potatoes reflected some effect of recent lighter shipments from nearly all pro- ducing sections. Damage to_ southern crops will mean reduction and delay in some _lines of produce, especially the tender vegetables and strawberries, Apples have held most of the small gains made since the first of March. The poultry market continues rather | weak, although broilers advanced. Prices of butter regiscered a rather sharp advance on all markets during the second week of March. Weather conditions were largely responsible for the lighter arrivals. ‘ It 1s possible that arrivals of butter will show a sharp in- crease as soon as cream deliveries and rail traffic return to normal. Produc- tion has been somewhat disturbed by weather conditions. City prices of cabbage were much lettuce values were mostly lower. Cel- ery advanced in the Saarord district of Florida. Best spinach advanced sharp- ly at southern Texas shipping points. | Western New York carrot prices reached a new high level. Sweet potatoes showea practically no change in price. Best Baldwin apples were selling somewhat higher in West- ern New York at 95 cents to $1.05 per tushel. Yellow onions reached $3.10 to $3.25 per 50-pound sack at western New York and Michigari shipping points. Texas onjons probably will be delayed by the recent cold wave. IS SOLD AT AUCTION Special Dispatch to The Stas HAGERSTOWN, Md, March 16— The Hotel Alexander, erected at a cost of approximately $1,000,000 a few years ago, was sold at public auction in front of the Court House here yesterday | under second mortgage proceedings, subject to first mortg bonds of besides assuming the above obligations, was $25,000 for the 10-story building located in the public square, and was bought by the Antietam Hotel Corporation of Rich- mond, Va. New York Cotton Special Dispatch to The Star. NEW YORK, March 16.—Cotton prices were unchanged to 3 . points higher at the opening 6f the market was g brisk trade demand for May and July. Commission house offerings were heavier in January. May opened at 6.92, up 2; July, 7.09, |up 3; October, 7.30, up 2; December, 750, up 2, ‘and January, 7.55, un- | changed. Grain Market By the Associated Press. CHICAGO, March 16—Upturns in grain values took place early today, re- | sponsive to news of broader transat- | lantic demand for wheat. Firmness shown by securities tended also to lift| cereals. ing 35-% higher, wheat after- ward held near the initial range. Corn started -5 up and later showed little tendency to react. Washington Produce | Butter—One-pound prints, 26; tub, 25. Eggs—Hennery, 13; current receipts, 2. Poultry, alive—Old toms, 15a18; young toms, 22; hens, 23a26; crooked breasts, 20; Spring broilers, 113 to 3% pounds, 24a26; Leghorn broilers, 21a23; ‘Winter chickens, 18a20; stags, 12; hens, large, 18a20; medium, 18a20; Legho hens, 14al6; capons, large, 24a26; small, 20a23; slips, 18; roosters, 1 keats, young, 45a50; old, 25a30. Poultry, dressed—Turkeys, old toms, 18a21; young toms, 25; hens, 26a29; crooked breasts, 23; Spring broilers, 113 to 3% pounds, 27a29; Leghorn broilers, 24a26; Winter chickens, 21a23; stags, 15; roosters, 14; hens, large, 21a22; hens, medium, 21a22; Leghorn hens, ;" capons, large, 27a29; small, slips, 21; roosters, 14; keats, young, 60a70; old, 30a40. Meats — Beef, prime, 14; good, 13; veal, top, 15; good, 14; lamb, top, 19; good, 18; pork loins, 17; fresh hams, 15; smoked hams, 7; strip bacon, 17; lard. 7% pound, 7. Live Stock—Hogs, light and medium, 4.5025.00; heavy, 4.00a4.25; pigs, 4.25a 5.0 roughs, 2.00a3.50; calves, 4.00a 8.00; lambs, 4.00a8.00. Fruits—Strawberries, pints, Florida, 25; quarts, 50; Louisiana, pints, 15; quarts, 30; apples, bushel baskets, 75a1.25; fancy box stock, 1.50a2.5 2.50a3.50; bushel basket: .50; lemons. 4.00a4.50; grape- 1.75a2.50: honeydews, Chile, 1.75a2.00; pears, 3.50a4.50; alligator pears, 3.00; pineapples, 4.25; bananas, 1.00a2.00; rnes, per 100, 2.00; rhubarb, hothouse, 75a90; plums, 1.50a2.00; nec- tarines, 2.50; cranberries, 4.50. Vegetables—Potatoes, Maine, 100- pound sacks, 1.25; New York, 1.15; 3 bushel, Do ks, 1.758 .25, sweets, 60a85; string beans, 4.00a 4.50; limas. 5.00; spinach, Texas, 1.25; kale, 40a60; cabbage, 2.00a2.10; celery, 2.50a3.50; eggplant, 3.00a3.50; Drl'l. 3.50a4.00; cucumbers, Florida, ets, 4.00a5.00; turnips, crates, 3.00a3.50; beets, 2.75a3.00; carrots, 3.50a4.00; to- matoes, 6 pans, originals, 2.50a3.00; re- packs, 3 pans, 1.75a2.00; mushrooms, 85a1.00: peas, California, crates, 5.00a 5.50; Florida, baskets, 3.00a3.50; paragus, 2.00a7.00, squash, 3.50. 1 Market Averages. By the Associated Press. Yesterday ... Previous day... 6 Week ay > during 1931, In its annual report Anglo-Norwegian Holdings, Ltd.,,of Montreal states that | the o Whaling companies con-| trolled by it increased their net profits 27 per cent for the year over those of | 1930. The report was made public here today. i Among the prosperous returns noted were those of the Anglo-Norse Co. whose surplus, reserves and undivided profits amounted to $888,141, against| $652,386 for 1930; the Falkland Whll-i ing Co., with a capital of $730,000, had cash in hand before dividends amount- | ing to $399,461, compared with $32! 327 last year. Other companies re- to | Ported similar gains. o O ooy 2E8S8ag Smiisirennenm yegrs ago.223. s ago.. 111 193; S omuwmn e om o s 03N s SZRBVERILICS Smoiomeruoe " gEsBuuERenn: 8, =oRL e ] 22 28 Bernard P. Nimro & Co. | Bernard P. Nimro & Co. Investment Trust Specialists We Buy and Sell Trust Shares: BUILDING ASSOCIATION 7th and Indiana Ave. N.W. LOANS On improved District of Columbia Real Estate Security 67th Series of stock now open for subscription Connelly, Ja es E. mes F. Shea, President Secretary FIRST 6 % MORTGAGE NOTES Secured on new brick homes in preferred morthwest resi- dential sections. 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