Evening Star Newspaper, March 17, 1932, Page 15

FINANCIA THE EVENING STAR, WASHINGTON, D. €., T”["ls,n-‘\lv MARC —— ¥ § BONDS ARE LOWER N SMALL MARKET High-Grade Issues Continue " steady—U. S. Group Advances. BY F. H. RICHARDSON, Bpecial Dispatch to The Star. NEW YORK, March moved lower again today. Trading was in small volume, however, and there was no reason to believe that, apart from a few special instances. there was any large volume offerings hanging over the market. The steadiness of| high-grade issues contributed to this| theory. The market opened higher, buoyed up by another cut in the Bank of England rate, Wall Street anticipates another reduction in the New York Federal Reserve rediscount rate next week, and both bill rates and time money were easy in _consequence. United States Government issues werc | firm, the long-term group advancing| 14 to 'z point. were those at discount, such as Treas- ury 3s, 3lgs, 33s and 3%s. Liberties were up narrowly. Short-term Gov- ernments were reported in good de- mand, with the recently issued 33is quoted at a premium of 12-32 to 15-32. Most prime corporation issues clung closely to their previous price levels. Atchison General 4s dropped !4 point. American _Telephone 5s were un- changed. In the secondary list there was a general down trend. Junmior rail issues such as Erie 5s, Chicago & North- western 4%s and St. Paul 5s were lower. Nickel Plate 6s, however, which have declined in the last three market sessions, recovered about a point and Western Maryland 5'.s were narrowly higher. Industrials like Youngstown Sheet & Tube 5s Paramount-Publix 5!5s, International Paper 5s and Shell Union Oil 5s eased. Thers was also some unsettlement among junior utility issues, notably those listed on the Curb Exchange. A holding company situation in the West was still causing some concern. In the foreign department the pros- pective liquidation of the late Ivar Kreuger's fortune caused some unset- tlement. Traders recalled that Kreuger had purchased $17.000,000 of the Young . plan 528 when they were issued and he is known to have had other large hcldings of German bonds. German 5125 dropped to a new low on the move- | ment. While Kreuger & Toll 5s, Inter- naticnal Match 5s, International Tele- phone Securities and others of the Kreuger group followed this downturn, other German issues were compara- tively steady. Argentine issues were all sharply Jower. This was believed to reflect nothing but the temporary cessation of sinking fund purchaces, now completed for the current guarter. Other South Americans were quiet and little changed. Japanese government steady but Tokio 5',s dropped 215 points. These bonds are now selling a little above 50 cents on the doliar in spite of assurances from Japanese bankers here that there is little chance . of any interruption of service. POTATO MARKET. CHICAGO, March 17 (). (U. S. De- partment of Aericuiture) —Potatoes, 120, on track 228; total U. S. ship- ments, 1,197; steady, trading fairly good: sacked per cwt.. Wisconsin round whites, No 1, 85a95. few 1.00; unclassi- fied mostly 80: Minnesota-North Da- kota Red River Ohios, 125a1.35. Ne- braska Triumphs, 1.30a1.40; Idaho Rus- sets, No. 1, 1.40a1.55, mostly 1.45a1.50. CHICAGO DAIRY MARKET. CHICAGO, March 17 (#).—Butter, 6.208 cases; firm; creamery specials (93 score), 23%;a2 extras (92), 22%; extra firsts (90-9-), 213%,a221,; firsts (88-89), 20'2a21; seconds (86-87), 1915a20; standards (90 centralized car- lots), 227;. [Eggs. 11,648 crates; firm;! extra firsts, 12';: fresh graded firsts, 11%; current receipts, 10’ issues were Washington Stock Exchange. SALES. Washington Rwy. & Elec. 4s—$1,000 | at 84. Capital Traction Co.—10 at 18. AFTER CALL. Washington Rwy. & Elec. at 84. Mergenthaler Linotype—10 at 43, 10 at 43, 10 at 43, 5 at 43. pfd.—2 45—$1,000 Potomac Electric 5 10415, 1 at 10415 UNLISTED DEPT. Chapin Sacks 8% pfd.—10 at 102. BONDS. Bid and Asked Prices. FUBLIC UTILITY. Bid. Asked. L e D98 51'a at & Telga. 415 "33, Zel. etl, tr. 55 t. R R. o8 Tel. of Va. 5 STOCKS. PUBLIC UTILITY & Tel. (9) gisg action C <%t Co Eies. Pover Elec. Pow. 3 Rwy & E Rwy. & E NAT TRUST COMPANY. Tr. Co. (15 200 12 395 8 315 00 S0 200 140 191 400 Bank of Be Com. & Say East Wasi Potomac American Corcoran (10 emen's (8 tional Union (15) TITLE INSURANCE Columbia (6h) Real Estate (6h MISCELL. Barber & Ross. Inc., com Col. Medical Bldg. Corp. D. C. Paper Mfg. pfd Natl Sec. pfd t Bromo-Selz, *A al Storage pid d.-Am. Co. ‘com. Fed -Am_ Co. pfd. (6 Lanston Moriotype (8) = e A Becurity Storage (85) Wawd. & Lothion com” Wdwa & 417 extra. 1% ellat extra, ¢l 17.—Bonds | ‘The most active issues, {CB&Q 1 dv3 UNITED Sales. Lib314532-47.. 5 US3ts'4 . I%Rs M43 S3%sJ40-3. A'leghany Cp. Alleghany 5 Alleghany 5 Allis-Chalm 55 '3 AmF P 5s2030.... AmIGCh5lgs 49, AmIntl5y% Am Metal 5 Am S&R 1st58'47. Am Sug Ref 65" Am T&T cv 4 AmT&T s’ AmT&T ct : Am T&T 555 '60.. Am T&T 53543 Am W Wks 5834, . Am Wat Wks 65 " Argentine Argentine 5% Argentine Ma Argentine 65 Ju'59. Argentine 6s Oc'59. Argentine 6s A '57. Argentine 6s B *58. Arm & Co 4% 839, Arm Del 5145°43... Assoc Oi1 65'35. ... Atchison ad. Atchison gn 4 atchiscy 4%s Atch Ariz 41356 AtICL1stds Atl Ref db 5s Australia 4% Australia 5s Australia 55 '57 Austria 7s '43 Austria 78 "57 ¢ B&O 4848 B&O4%s 3 Ocv4le O 15t 55 '48 Orf 5595 & O 5sD 2000, B&O6s B & O Toled. BK of Chile 6148’57, Batav Pet 4%s '42. Be'gium 615 '49... Belgium 7 g Belgium 75 '56.. ... Bell Tel Pa 5s B'48. Bell Tell Pa 55 C'60 Berlin Cy El 63 '55 Berlin CE 6%s'50. Beth Stl pm 55 '36. B& B& B& B Bol E Bolivia 7s Bolivia 8s '4 Bordeaux 6s '34 Bos & M Bos & Me 5567 Brazil 615 '26. Brazil 614827, Brazil s Brazil 8s'41 . Bk Ed gn A 55 '49. . Bklyn Man 65 '68 Bklyn Un 55 45. Bklyn Un 1st Budapest 6s 62.... Buenos A 6s'61 Pv. BR& Pitts 418 Bush Ter con X Bush T Bldg 5s'60. Calif Packing 5540 Can Nat Ry Can Nat 43 Can Nat i Can Nat 58 July'69. Can Nat 55 Oct "69. Can Nor 615 db '46 Can Nor Ttdb’40.. Can Pac db 4s Can Pac 58 "44. Cert-td db Ches Corp C&O4%S A" C&O41%sB 95, Chi & Alt 3s CB&Qends C B&Q 1st rf 5s'71. 15549 CH&Q 11 dv 4549, Chi & Est I11 58’51 Chi Grt West 45’59, Chi M & St P 45°89. Chi M & StP 4%sC CM&St P 4%s'89. . C M StP&P 5575 Chi R 3 Chi RI&P £n 4s 88, Chi RI&P rf 4534, ChHiRT&P 4% Chi R I'cv 43560, Chi Un St 5. : Chi Un Sta 6145'63. Chile 6560 . Chile 65 Chile 7s '4; CinUnTrust 5s 20 CCC&StL 4%s Clev-Term 414 Clev Term 51 5 Cologne 65 '30. .. Colomb 6s Jan '61.. Colomb 6s ‘61 Oct. . Colon Ol 65’2 "ol G& ConG NY 5% Con Pwr Jap 635, . Con Pow Japan 7s Consum Pow 58 '52 Cuba 5348 '45 Cnba R R 5s " Czecho 8s Del & Hud rf 42 Denmark 5% 5 Denmark 6s '42 enver Gas 5s " ! Deutsche Bk 6s Dodce Brel § Duquesne 415 Duteh | Duten | Duteh | Salvador 8s 48 Gen Baking 5% 40 Gen Cable 5% '47. | Gen Motcrs 6s rman Bk 65 '38. . | Ger Cen Bk 6560 J Ger Cen Bk 6560 O | German Tsrep ‘49, er Gen El7s * German Bank ioodrich cv 6 3o0d 1st 6 | Goodyr Rub andTr st b 6 Grt Nor gn 75 '36.. Greek 65°63... Haltl 6552 | Hav El Ry 5 5 Hoe & Co 6335 34 Hud & M ad) 58 '57. Hud & M rf 58 '57.. Humble Of] 55 '37. Humble O 5%s 32, Hungary T%s"44.. 111 Bell Tell 55 °56. . 111 Cent 4s . 11l Cent 45 " 11 Cent 4 111 Cent §s 111 CCSUL&N Inland St 4%s A'T! RommunSarneawaSrea EIT T T ST FERP- ey STATES. (Sales are in $1.000.) Low. 98 26 99 100 6 High. 99 100 & 100 21 90 3 10 15 20 9 31 8 1 1 101 2 82 891y 92% M R3 92u 54\2’ 21 20 98y 6504 /7% oo Zannwitananise @ 52 38 98ty 110 n 14 95 13 104% 4 44 1 54 11001 9 39 26 9915 24 6% 981 1% 82 9414 35 65% 11 62 2 8 3 98w 9 1003 1 4% 5 102 4 52 36 97 100 23 100 2:38. 100 6 100 17 100 20 1 002 103 1 10115 82 100% 100% 981 64 871y 80 7614 92 14 64 70 6615 a2y 2815 81 4174 73 57 51 36 981, 109% 131 131 16% 56% 9719 104% 437 54 100% 28 36 99% 8414 8% R4 90% 621a 26 9315 101 66% 84 80% 100% 478 101% 521y 47 58t 10244 100% 101% 9314 35% 24% 24% 37 . B1% 90% 95 1043 44 54 1004 39 36 981 100% 4T 102 3 | paris-Ly M 7« | par . |l'ru:ua Int Rap Tr 55’66 Int Rap Tr sta '66. Int Rap Tr 65 Int Rap Tr 7s'32. . Int Cement 55 *48 Int & Gr Nor 6s" Int& G N ad 65 '52. Int Hydro El 65 '44. Int M Co §s ret '41. Int Match 5547 Int MM col tr 6s'4 IntPap 5s A 47 IntRyCAS IntT&T4%s52. . Int T&T cv 41539, Int T & T 58°55. Italy 7s '51.. 5 Italy Pub S 78’52, Japanese 5145 65. . apanese 6148 '54. Kan C FtS&M 4s Kan City Sou 3 Kan City Sou 58’50 Kan City Ter 4560, Karstadt 6s°43. ... Kend 5148 48 wiw. . Kresgze Found 6s'36 Taclede 5148 (53, Laclede 5 Lorillard 5s '3 La & Ark fis wse 1st 5145 2003, yons 65'34. McKes & R5% Manh Ry 1st 4< Market St 7540, Marseille 6s'34. ... Midvale Stl 55°36. . Milan 6148 " s M1 E Ry & L 5561, M SIP&SSM cn 4s. MSP&SSM 515 '7 MK &T4sB'62 MK&T4%s"7T8 MK & T adj 55 °67. Mo Pac £n 45’75 Mo Pec 5s F '77. Mo Pac 58 G '8, Mo Pac is H'S0... Mo Pac rf5s’8 Mo Pas 5158 A "4 Mont Pow 584 Montevideo 7s Mor&Co 1st 4155'39 Nassau Elee 4551, Nat Dairy 53 8'48. at Steel 55 '56. Netherlands 65 ‘72, N Eng T 1st 58°52. NOT&M5%s"54. Wales 55 '57. Wales 5858 Y Cgn3ia'er.. Y Cent 45°98. ... Y Cent dh 4s'34. \ Y Cent 4145 2018 Y Crfim b Y Cent db 65 C&StT 418 Y Fd 1st 61 Y NH&H 48 NH&H db 4 St Pw s A 41 or St Pw fis B 41, orway 5s'63..... Oraz-Wash 4 5 Orient Dev 65'53. . Pac G& 42 Pac T&T 1st Pac T&T rf 5 . Paramount 6547, . Paris-Ly M 6358, L Or 5% "68.. Pathe Exch 7s '3 Penn 4% s D81, Penn cv 434560 Penn £n 414565 Penn 4%s'70 Penn P&L 414581, Peoples Gas 58’47 Peor & E 15t 45 '40 Phila Co 5367 Thila Elec 4571 Phila & Read 6 Philippine R 4 5 | Phillip Pet 5% =39 Pillsh ' M 68°43. .. | Pirelli . Toland 6s 4 Poland Ts '47 Poland $< '5 Port El 4 Pos Tel & C Prussia 6s " Public Se 1 Pub sv'c Pub Sv G 41 Pure Ofl 58 Queensl | Queen ! Rem ¥ Phinelhe 7s'46 Rhine West § Rhine Wast 6 Rich Oil Cal £s Rio de Jan 15" Rio de Jan 8= 46 } R Gr Do sul 6568 . Tet 4820 uy na 6347 nd7s'41.. Rome 6 % Roy D4s'45 ww StL IM R&G 422 St T Saxon 7545 . Seab A Lov 6is'45 | Serhs-( <62 Serhs.Cr-S1 #< 6 Shell T'n 01 5 Shell I'n O | Shinyets: Sinclair O 6 Sine O Tscv A SmeCr o) Soissons s '3 Solvay Am fs'q? Sou Bell T&T 5s 41 ou Pac ref 4s Sou Pac 414 " Sou P 43¢ ww ! Sou Pac 414581 Sou Ry 614s Sou Ry M&O 4x 3 'StOIINTS StOIN Y 41551, Sweden 513854, .. Tenn Cop 6544, . Tenn E1 P 6s A 4T, Tex & Atk Third Av rf 4= ‘6 Third Av 1st 55'27 Third Av adj 5= '60 Toho El Pw 6s Tokio ‘61 Tokio El Lt 6s Un Pac 1st 4 Un Pac rf 4s Unit Drg cv b8 ‘33, Utd King 5137, U 'S Rub 1st 5547, Un St W6lks A'47. Uruguay 6s'60. Utah P & L 5544 ULl Pw 5859 ww .. Util Pow 54gs Vienna 6s Va Ry & Pw s 34, Va Ry 1% Kreug & Toll 55'59.11 3 39 o o wEZennn-085w~ P Burwaasuene 33 1 5 2 37 . 55 e mReneB i anaune Ammnmwanten on 55 55 43% 731e 1014 1017 10312 103% 24 54 B3% 55 Faly 69 10214 17 a0 86 b 6012 411, 30%, 40 41 44 60 4114 30 41y 40 42 70 T0% 1 43 8 101 R514 & 100% 1015 101% 91% 86 : 5415 Halg 1017 100% 3 72 g A 2% 328, 100 | ON NEW YORK* BONDS STOCK EXCHANGE Received by Private Wire Direct to The Star Office Sales. High. . 3:88. 54 54 43% 31 10074 8012 65 % | Machinist. ! England reduced its | - 2| Special Dispatch to The o BRITISH BANK RATE CUT O3 PEREENT Lower Discount Terms Will| Aid Business and Govern- ment Financing. By the Associated Press. LONDON. March 17—The Bank of| iscount rate today | { from 4 to 3'. per cent, The decision of the bank authorities | surprised the market which was not | prepared for further reduction after the two recent declines. The monetary situation has grown . however, and revenue has been coming in so steadily that apparently the bank directors decided to give trade Jand commerce th> benefit of a further half of 1 per cent reduction. The lower bank rate also will assist the government in its conversion plan for public obligations. The first of these was announced last night. Hol ers of 41 tr bonds due April 15 were invited to turn these into a con- | version loan at 4 per cent The Stock Exchange showed equal surprise with other financial circles and cheered the new bank rate wher it was flashed 3 Gilt-edged securities, which had | opened firm on the strength of good ! revenue returns. were marked up for advances of one-fourth to 1 per cent around noon. Industrials and home | rails became firm in sympathy with the market and internationals, which | opened weak, developed a better tend- “cn(') New York Cotton NEW YORK. March 17.—Opening cotton prices today were 1 to 4 points higher. Trading was quiet. Foreign demand was good in the March posi- tion. Opening prices were: March 6.84 up 4, May 6.92 up 4. July 7.09 up 2, Oc- tober 7.30 up 1 and January 7.54 up 1 ¥ | Grain Market By the Associated Press | CHICAGO, March 17.—Forecasts of {extra heavy shipments of wheat irom Argentina this week led to early cown- | turns in grain values today. There | | were also bearish effects from unrcer- {tainty shown regarding the siznificance |cf a trip abroad by George S. Milnor, head of the United States Grain Sta- | bilization Corporation. Opening 3p-7;_lower, wheat aftor- | ward held near the initial range. Corn |started 14-'. off and subsequently sagged further. Washington Produce Butter—One-pound prints, 26; tub, 25. Eggs—Hennery, 13; current receipts, 15a18; crooked to 3% | 21a23; | hens, ! Leghorn 24a26; toms, Poultry, alive —Old young toms, hens, 23a26; 20; Spring broilers, 11% 24a26; Leghorn broilers Winter chickens, 18a20; stags, 1 large, 18a20: medium, 18a20; | hens, 14a16; capons. large, small, 20a23; slips, 18; roosters, 11; keats, young, 45a50; old, 25a30 | Pouliry, dressed—Turkeys, old _toms, 8a21; young toms, 25, hens, 26a29; | ooked breasts, 23; Spring broilers, | ; to 31 pounds, 27a29; Leghorn| broilers, 24a26; Winter chickens, 21a23; | | stags, 15; roosters, 14: hens, large, 121a22; hens. medium, 21a22; Leghorn hens, ' 17a19; capons, large, 27a29; small, 2326 slips, 26 . roosters, 14 keats, young, 60a70; old, 30a40. i Meats — Beef, prime, 14; good, veal, top, 15; good, 14: lamb, top, good, 18: pork loins, 17; fresh hams 15; smoked hams, 7; strip bacon, 17; lard, 7'2; compound, 7. Live stock—Hogs, light and medium, | 4.2524.85; heavy, 4.0024.50; pigs, 4.25a 5.00; roughs, 00a3.50; calves, 4.00a | 8.00; Jambs, 4.00a8.00. Fruits—Strawberries, pints, Florida, | 25; quarts. 50; Louisiana, pints, 15; | quarts, 30; apples, bushel baskets, 75a1.25; fancy box stock, 1.50a2.50; oranges, 250a3.50; bushel baskets, 1.50a2.50; lemons. 4.00a4.50 grape- fruit, 1.75a2.50; honeyde Chile, | 1.7582.00; pears, 3.50a4.50: alligator | pears, 3.00; pineapples, 4.25; bananas, | 1.00a2.00; limes, per 100, 2.00; rhubarb, hothouse, 75a90; plums, 1.50a2.00; nec- | tarines, 2.50; cranberries, 4.50. Vegetables—Potatoes, Maine, pound sacks, 1.25; New York, 1.15; Idaho bakers, 2.25a2.50; new, bushel, 1.75a2.00; seed, 150-pound sacks, 1.75a 2.25; sweets, 60a85; string beans, 5.00; limas, 5.0 spinach, T 125 kale, 50a60; cabbage, 2.00a2.10; celery, 250a3.50; eggplant, 3.00a3.50; peppers, 350a4.00; cucumbers, Florida, baskets, 4.0025.00; turnips, crates, 3.00a3.50; beets, 2.75a3.00; carrots, 3.5024.00: to- | matoes, 6 pans, originals, 2.50a3.00; re- | packs, 3 pans, 2.25a2.50; mushrooms, 85a1.00; peas, California, crates, 5.00a 550; Florida, baskets, 3.002350; as- paragus, 2.00a7.00; squash, 3.50; lettuce, Lceberg, 3.00. \ Bank of England Statement. LONDON, March 17 (’).—The weekly statement of the Bank of England shows the following changes in pounds Total reserve increased, 767,000: circu- lation decreased, 761,000; bullion in- creased, 6,000; other securities de- creased, 6,299,000; public deposits, in- creased, 1,642,000; other deposits de- creased, 21,260,000; notes reserve in- creased, 7€4,000; government securities decreased 14.075,000. The proportion of the bank's reserve to liability is 37.18 per cent, compared with 31,19 last week Rate of discount, 3! 100- » per cent. Bank of France Statement. PARIS, March 17 (#)—The weekly statement of the Bank of France shows the following changes in francs: Gold increased 420,000,000, sight balances i abroad decreased 684,000,000, bills dis- | counted at home increased 4,000.000, bills bought abroad increased 31,000, 000, advances decreased 000,000, cir- | culation decreased 871,000,000, current accounts increased 622,000,000. Rate of discount 2'; per cent. Machine Tool Trade Quiet. NEW YORK, March 17 (Special). — Quiet prevails in the machinery and; machine tool industry as another week 1 gets under way, according to American Every one continues to wait for activily in the automobile industry and it continues to wait for Henry Ford General business looks a little better. Low. 10 10 11 4214 2:55. 10 10 11 2 Sales High. 3 100 10 Wabash 4% West Md 4s Fest Md West Union 5 West Union 5s . West Un 6% ‘36 Wh & L Ecvpt'49. Wh Sew Mch 6s'40 Wilks B & st . Wil& Co 1st 65 '41. Yokohama 65 '61. Ygstn S&T 55 A'T8, Ygstn S&T 58 B'10. 1 . | Lack N. Y. CURB MARKET Received by Private Wire Direct to The Star Office. Stocks s0ld in 100-share lots ex desienated by letter Stock and Sale— Dividend Rate. Add. 00. High. Acme Steel (1.60).. 1 15% Allied Mills....... 2 § Aluminum of Amer 850s Alumn Goods (66c). Am Cities P & L B Am Com Aleo Am Cyanamid A Am Cyanamid B. Am Equities. Am & For Pw war. Am Gas & El (31). Am Laun Mch 1.20, AmLt& Tr (21 Am Manufac Am ) 10 | Am | am Am 4 Anchor Post Fence . Appalachian ¢ rus Radi Arkansas Nt ( Art Metal (b§° E ct (8) Atlas Utilities. Atlas Util war. ... . Benef Ind Loan 113 Blixs (EW) (8% ). Blue Rid Blue Dt (ad). Brazil Tr L&P (1). Brit Celancse rots., Buft N&E pf (1.60) . Buft N&E 1st pf (5 Bunker HilI&S v.1.c Burma Ltd ret(2c) Cable Radio Tv.t.c "anadian Mar ‘ent Pl *hain Stores St “hilds pf. Serv (g30c) . ‘omwth Edison (8) 1wlth & Sou war ‘ons Gas I ‘ol Picty o1 0il Corp Cord Corp. . % Corp s (Chi). v pfA cur Corroon Cresson « Crocker Wh Curtiss Mfg A Cusi Mexicana Min Deere & Co De Forest Radio. .. Dubilier Cond & R. Durant Mote ler lec Bond & c B&S « lec B & 1 Df(5)" ne (6) hn lec Pwr Asso (1). Shareholding Europ Ltd A 30c Ford Motor Can A E'd M Litd p 36 3-5¢ Foundation For Sh Fox Theaters General Alloys. .. Gen Leath olden Center. dman Sachs. Gulf Oil of Pa. Hamilton ¢ | Hecia Min Horn Hudson Hygrade Food. . Ind Pipe L (1) Ind Terr 111 Oil B.. meullIng... ... Insull Util 2d pr 6. Ins Co N Am (2) Insurance Scc. Int Petrol (1) Int Superpoywe Interstate I Int Util A Int Util B Int Util wi Interstate E Tohnson Motor. ... Sec (1) . Lake Shore M (2) Lefcourt Rity 1.60. Leonard Oil 5 tar G n(60c) Stock and Dividend Rate. Magdalena Syn. Util Asso s Util cv pf s Bottlin Mayflower Ass Mead Johns (131 Mid Sta Pet vtc B. . Mid West Util b8% 2 Sale— Add 00. High. Low. Close. I T Mont Ward A (7).. 1 Mo Kans Pipe Mount & Gulif. . Mountain Prod Sic Natl Aviation at EI Pw A 180 tl Fuel Gas (1) atl Pw&Lt pt (6) 50 Natl Rubber Mch Natl Sugar NJ (2) Natl Transit (1)... ew Eng Pw pf (8) 701 New Jersey Zinc 2 Y Auction. . Newmont Min{ . 2 H Pw(10c) 44 Md (20¢) 6 1 Pwempf 6 108 Pw pf (7). 1008 Ohio Brass B (2).. 2 OKla Nat Gas pf ard Motor A il West Ol Para: unt Motors Parke Davisit1.10) Parker Rust P (3). 100s Pennroad (40c).. 10 Penn MexFuel plig Ph Conew t1.60. Philip Morris Pioneer Gold (12 Plymouth 01l k Premier Gold (1 Propper McCalit Pub Util Hid x w. . Pub Ut Hold em pf. Quaker Oats (17).. 20s 101% Radio P'rod lian, iblic St Regis Paper. . alt Creek Prod (1) ceman Bros (1). .. Segal Lock-& Hrd. . Seiber Rubber 12) ah Corp. henandoah pf affer Pen ¢13) .. i : EIpf (6) 108 Co (8). 60s Smith (AO).......50s 1 Cal Ed pf C 1% outh Penn Oil (1). outh Nat Gas. .. tand Invest em p tand O 1., Stand Oil Ky (1.60). nd Oil Ohio na Pub Srv A. . d Silver & Ld wift Intl ¢ wiss Am J Tampa E! Tastyeast....... it Hughes (€0 acco Prod Del i-Cont Corp wr. Tol ans Lux D L I Tubize Chatel B. .. Un Amer Utilities. Utd Dry Dock > Inited Founders. . ‘nited Gas. . s nited Gas pf (7) Nt Lt&Pwr (A). . IS & Intl Sec. ... ed L&P pf (6) nited Milk I'rd pf S & Intl 1st pf. S Play Card (2). nited Verde Ex 1. Util Pwr & Lt. . Van Camp Pack. Walker (H) 2i¢ Wenden Copper. il-Low Cafeteria. Wilson Jones Winnipeg I Wolwt Woodley nd rates in dollars based on rly or semi-annual - payment ly extra. :Pius 4% sh or stock dividend. in stock. 4 iPlus 2% in stock. k Plus, 10% in stock m Plus 3% in stock. n Plus 8% in year—no regular rate. CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS. NEW YORK, March 17.—The fol- lowing is a summary of important cor- poration news prepared by the Stand- ard Statistics Co., Inc, New York, for the Associated Press. News Trend. A favorable foreign trade balance of $24,000,000 was experienced by the United States in February, due chiefly to heavy exports to Great Britain in anticipation of the general 10 per cent tariff that became efiective March 1. Exports totaled $155,000,000, an in- crease of $5,194,000 over January, while imports amounted to $131,000,000, a decrease of $4,533,000 below the pre- vious month Electric power production in the week ended March 12 made a slightly better comparison with the like 19 week. According to the National El tric Light Association, output totaled 1,538.452,000 kilowatt hours, a decline of 8.2 per cent from the corresponding | week of last year and comparing with | a decline of 8.7 per cent in the pre- vious week The Companies. Blackstone Valley Gas & Electric 1931 preferred share earnings $119.78 vs. $114.30 Crex Carpet Newburgh mills sold to | Firth Carpet Co. for about $400,000 Happiness Candy Stores—Stockholder who brought receivership actien has filed injunction and accounting st against company, Loft, Inc., and officers and directors of companies. National Railways of Mexico net aft- | er charges, six months to December 31, 1931, up 20 per cent. Otis Elevator 1931 common carnings $2.01 vs. $3.44 Parker Pen 1931 deficit $193, net income $537,028, equal to $2 common share, Signal Oil & Gas 1931 deficit $269.- 405 vs. net income $689,716, equal to $3.04 per class A and B shares | Steel Co. of Canada, Ltd., 1931 com- mon share earnings $1.07 vs. $2.89 Alaska Juneau Gold Mining 1931 | common share earnings 74 cents vs. 58 cents. | American Republics _Corporation— Delaware Chancery Court appoints two receivers for company on application of stockholder; company admits in- solvency. | Anaconda Copper Mining Co.—Sub- | sidiary, International Smelting, curtails | share | operations at lead plant and oxide mill | about 10 per cent | Auburn Automobile—List prices of new cars to be advanced $100, ef- fective April 15. Baltimore & Ohio Railroad took no action on quarterly preferred dividend; paid §1 March 1. Ford Motor Co., Ltd.—Swedish affili- late omits dividend for 1931; paid 10 | per_cent plus a bonus for 1930. Granby Consolidated Mining, Smelt- | ing & Power Co., Ltd., deferred action | on cash distribution; paid 12': cents February 1. Gulf Oil Corporation 1931 deficit §: 670,052, net income, $10.6: equal to a common shar International Match Co. directors took no action on quarterly dividends on preferred and common stocks; paid $1 on each class January 15, 1932. Macy (R. H) & Co. declared 50 cents common dend; formerly paid 75 cents quarterly. National Casket Co. declared $1.50 semi-annual common dividend; former- ly paid $2 Ohio Oil 1931 deficit $5,182,260, vs. net income $10.630,015, equal to $1.21 2 common shaare. Southern Acid & Sulphur passed quarterly common dividend; paid 25 cents December 15, 1931 Western Massachusetts Cos. declared 60 cents quarterly dividend; formerly paid 683, cents. Western Union Telegraph, January 131;; loss $173,446, vs. net income, $263,- Cities Service Co. February gross off 0.6 per cent, surplus after preferred dividends before reserves up 5.1 per cent: gross 12 months to February 29 off 353 per cent, surpius after pre- ferred dividends before reserves off 58.3 per cent. Columbian Carbon 1931 share earnings $3.02 vs. $5.04 Noranda Mines, Ltd. 1931 common share earnings $1.06 vs. $1.72. United Aircraft & Transport passen- gers carried by United Air Lines in February totaled 3,546 vs. 3,036 in Jan- uary and 1682 a year ago: February mail totaled 284,745 pounds. . United States Freight 1931 deficit $339.840 deficit $160,789. United States Leather 1931 deficit $1.109.076 vs. deficit $1,131.624. Central & Southwest Utilities de- clared 13; per cent dividend in com- mon stock on common shares. Finance Co. of America (Baltimore) declared quarterly cash dividend of 10 cents each on Class A and B comm stocks, and also a stock dividend of 2 per cent in Class A stock on each class; formerly paid 20 cents in cash and 1 per cent in stock common Shoe Production. NEW YORK, March 17 (#)—Esti- mated_shoe production for, February was 25,200,000 pairs, or 1,050,000 pairs an average rking day, in compari- son with 23,571,000 and 1.042,000 pairs, respectivel for February of last y | according to the report of the Tanners’ Council of America. The output is esti- mated at 16 per cent below normal. Market Averages. By the Astoci; STOCKS, 20 90 Is. Util. Total 3 310 1017 64.4 638 3211039 660 675 109.4 7 Yesterday Previous Week ago Month ago .. Year ago . Two years ago Three years ago High, 1932... day 2 Rohansemwma SEEPE St 9 109 3 833 973 966 926 (Copyright, 1931, Standard Statistics Co.) 8 1014 1 “|in the B | *| " Food shares were active, but irregu- FINANCIAL. CURB ISSUES DROP IN LIGHT TURNOVER | Public Utilities and Oils Un- | der Pressure, but Of- ferings Are Small. BY JOHN A. CRONE. tch to The Star ' NEW YORK. March 17.—Heavy at | the outset, the Curb Exchange weaken- ed further today, but the declining| | quotations brought out only a slight in- crease in offerings. The various Electric Bond & Share tsecurities again came within fractions of their record low lev Cities Service | | dipped below 6. Standard Oil of In-| | diana was off a small fraction and so | | was Ford Motor, Ltd. ! A series of unfavorable dividend | declarations and earning reports more than offset the unexpected reduction | 'k of England rate, which| firmed stocks in London but had little | affect on British issues listed here. | United Verde Extension rose fraction- | | ally immediately after the declaration lof a quarterly disbursement of 1213 | cents, which contrasted with 25 cents | heretofore. Traders had expected the | dividend to be omitted. ~Newmont | Mining did not appear on the tape in| | the first two hours. but bids were re- | duced following the 2-point decline | | late yesterday which resulted from the | statement that 1931 dividends were dis-‘ bursed out of earned surplus. ! Ohio Brass B broke two more points | as a result of the passing of that pay- | ment. Bastian Blessing Co. omitted its | quarterly common of 25 cents. Garlock ! Packing, which has not sold in recent sessions. halved its usual quarterly dis- | bursement of 60 cents. Acme Steel had | discounted reduction of its common | erly from 621, to 40 cents. i uindation Co. (foreign) A share: | which have been unusually active lately, eased following the calling of a special | shareholders mecting for March 31 to( vote on, a plan which may mean { eventual liquidation of the company. Great Atlantic & Pacific Tea at Na- lar. one time was down three points. tional Sugar Refining and Seeman Brothers advanced, but Hygrade Food Products reacted. Horn & Hardart was virtually unchanged. Mead-Johnson, a food specizlty, opened off almost two points. The widest break came shortly be- | fore noon when a lot of 50 shares of | Central States Electric convertible pre- | | ferred cropped about 40 points. United Light & Power convertible preferred elded four poinis. Commonwealth Edison was off slightly. PARIS BOURSE PRICES. PARIS, March 17 (#).—Three per cent rentes, 78 francs 75 centimes. Five per cent loan, 101 francs 10 cen- | times. Exchange on London, 92 francs 3| centimes. The dollar was quoted at 25 francs 38% centimes. BONDS ON THE CURB MARKET. | sales DOMESTIC BONDS. in thousands. Low. Noon. 10 Alabama Pw 4'zs '61 82 82 10 Aluminum Co 3s '52 1Am Cmwlh Pw 6s ° 1Amer G&E 55 2028 3 Amer ; L 6 3 Amer 9 Asso Gas & Ei 5s '30 s & Elos 68 2 1042, . 16 . 933 9394 ate 'Co 35 40, C Gas 6s A Inv 55 A '54 23 23 Boston 5s '33 100%: 100% 100’z 30 54 53'3 53% <0 N G 6'2s '38 1 Empire Dist El 5s 1 Empire O&R 5 42 2 Pederal Wat 3'3s '54 festone C M Bs K Rubber 5'gs & L'Bs i Gatineau Pow_ @5 Gatineau Pw 6s B Bronze 6s Mot Acc oua 549! oD oLas ., ek 23838353 llinols P & nsull Utilit 65 Int Pow Sec 75 F Intersta_Fower 5s Interst P S dlas 58 F Jer C PA&L 4135 C 61 opper : ‘esge 55 45 cf dep Lone Star Gas 55 '42 Long Island Lt 65 LaP&LSS ST..... Mass Gas 5igs ‘48 s A K i K Mid We Milw G nn G & iss Rl enn O Ed 65 P 1Phila_Elec Pug S P&L M Gas & C W&P 4155 A 67 P 415 B 68 | Interest | Net _amount | 1810 Authorized Service 4 Wico-Webster R. W. & Simms Magneto Repairs MILLER-DUDLEY CO. 1716 14th St. NNW. North 1583-4 First Mortgages for Sale 6% JAMES F. SHEA 643 Indiana Ave. NW. 6% Seccured on new brick homes in preferred northwest yes dential sections. Every mort- gage protected by fire snsur- ance and title guaranteed by responsible title companies. FIRST MORTGAGE NOTES Conservative Appraisals Insur- ing Absolute Safety L IN DENOMINATIONS OF $250 and upwards BOSS & PHELPS Realtors 1417 K St NAtional 9300 STATEMENT OF THE CONDITI OF THE gl United States Branch Union Fire, Accident & General Insurance Co. of Paris, France On the 3lst day of December. " - gtired” under Bectlon w47 of the Cote "of Law for the District of Columbia. INCOME. t and Tenis ... Total income DISBURSEMENTS Net amount pald policyholders rlosses RS S li other disbursements . Total disbursements ) ASSETS. Bonds and_stocks Cash in company's office Deposits in banks Agents” balances A and rents ‘due oF ‘ac: $1.603.128. 50 1184724 92:252 50 160.32733 0.015.73 4,630 30 31.904.271.66 52.343.02 crued All other ‘assefs ... Gross assets Deduct assets not admitted Total admitted assets $1.851.928.64 _ LIABILITIES. Net unpaid claims Total unearned premiums Other_liabilities Capital paid up Surplus over all liabilities . Total $142.357.94 990.896.03 34.000.00 200.000.00 434.674.67 . ... 3185192864 NET PREMIUMS WRITTEN DURING THE YEAR. District of Columbia $4.704 07 604.70 Total 267.389.21 2135.09 10.842.57 72.343.09 51161.59 1.360.98 $839.380.43 #: EMIL G. PIEPER. U. S, Manarer. Subscribed and sworn to ‘before me this 13th ‘day of Februaty. 1932 (Seal.) JOHN F. HARTNETT. " _Notary_Public STATEMENT OF THE CONDITION SF THE Rhode Island Insurance Fire Motor ' ‘vehicles Earthouake ... Inland _navigation transportation ... Tornado. windstorm, and cyclone co e oo Sprinkler leakage " Riot. - civil commiotion, and explosion ... “and I’Co. of Providence, R. 1. On the 31st day of December, 1931, as re- guired under’ Section €47 of the Tode of w for the District of Columbia INCOME. Net premiums Total interest and Tents Other income Total 33.063.419.61 254.836.50 17.002:86 income . $3.335.143 97 DISBURSEMENTS. paid policyholders for losses ek All other disbursements Total disbursements ASSETS. Bonds and stocks . 2 Cash in company's ‘office . Deposits in banks 3 balances and rents 5,641,924 50 51:57.76 1491158.19 AP 754.793.26 due “or ac- crued : All other ‘assefs . 16.721.730.12 oss _assets 3 Sy ae 13467612 Deduct assets not admitied. ‘Total admitted assets LIABILITIES. Net unpaid claims . s Total unearned premiums Qther liabilities Capitel paid up i Surplus over all liabilities. 5l Total e 76.587.054.00 NET PREMIUMS WRITTEN DURING THE YEAR District of Columbia $12.646.14 2001570 Total $2.331.204 95 622355 95 3.399.12 31.878.62 Pire . Motor vehicies Earthguake . Inland navisation and transportation Tornado. windstorm. and cyclone inkler leakage Riot. civil commotion, and explosion 650 137.11 373 $3,063.419.61 $14.809.18 PIEPER. President. NIS JOHNSON. Secretary. Subscribed and sworn to before me this day of Februars: 1032, (Seal.) JOHN F. HARTNETT. % _ Notary Pub! "STATEMENT OF THE CONDITION OP THE SVEA F. & L. |INSURANCE COMPANY of Sweden On the 31st day of December. 1931, as re- gquired under Section 647 of the Code of Law for the. District of Columbia. INCOME. Net Tota Other remiums interest and ren income . 5 §1.624.102.95 | B 122.326.91 and GSE cv 65 d_Inv 538 n Oil 5%s 39 ... 40 wi Wes Tex Ut 5s A 31 51l 3 Westvac Chl 55 ‘3710113 FOREIGN BONDS. « Mte Bank 75 '46 Bk Co 65 B '51 e Mte Bk 6s ‘31 Tcole Mare 6l.s 53 E Cp 15 '65 xw T Cons Mun r Cons Mun anover City sarco Hyd EI 4 Mendoza Pr 7'ss 2 Parana Brazil 75 ' 5 Pruasia_Elec 65 18anta Fe Arg 75 43 3 4 Saxon Pub Wk 55 '32 g Stinnes 7s ‘46 xw 3 Wietz (L) Tias 46 xw 2Unit Indust 6'ss '41. warrants out’ warrants. 56 01%2 1011 | wi—When issued. One ‘of the nomination papers in a recent election at Kells, Irish Free State, was signed only by women. | aul | Te Fire . $1,410. Tornado. Sprinkler i Total income ... 32.104.028.71 DISBURSEMENTS. Net amount Baid policyholders Tor losses 3 All other disbursemenis ... _Total disbursements ASSETS Mortgage Joans on real estate Bonds and _stocks. Cash in company’s office Deposits in banks Agents' balances ; Interest and rents due or ac- ued o B B . Other "asseis | $15.000.00 3.142.73419 30000 349.270 57 275709 98 32.437.62 3.505.90 assets Gross . s not admitted Deduct a: Total admitted as: LIABILITIES. Net unpaid claims . Total unearned premiums Other liabilities Capital paid up bt Surplus over all liabilities ... 5 23 546.710.95 ts ........33.272.187.30 $4.375 208 .50 815.44 1 157 90.506.23 2112 12.263.46 102.304.71 2.119.38 1.721.64 31.08 2.004.24 5.98 . W A LN A Motor Vehicles Earthquake g Injand navigation and transportation windstorm, and cyclone Hail 4 Kag Riot. civil commotion, and explosion ...... 24t day of February. (Seal)