Evening Star Newspaper, March 30, 1932, Page 14

BUSINESS 1S QUIET N FIFTH DISTRICT Federal Reserve Bank of Richmond Reports Little Change in Conditions. BY EDWARD C. STONE. Latest reports from the 12 Federal Reserve districts indicate that business conditions are still spotty. Richmond reports little change in the past few days, except that 2,000 raiiroad workers have been put on a five-day schedule instead of four days. It is now said that March trade will be about the same as February. About the best trade reports right now are coming from the Atlanta district. .Philadelphia was much pleased with Easter trade. New England reports an icrease of 4.8 cent in February jobs over January, and Dallas is cheered by higher prices for crude ofl. San suFPrancisco reports a pick-up in shipping. The Kansas City area expects better March trade totals than February, while Minneapolis notes a slightly better em- ployment situation. Bad weather hurt Easter sales in the St. Louis Reserve district. Very slight improvement, was noted in drug, chem- ical and shoe manufacturing. Chicago retail trade at Easter was much upset by a blizzard. Bankers, however, re- port sounder conditions. Essary Addresses Bond Club. J. Fred Essary, Washington corre- spondent of the Baltimore Sun, was the guest speaker at the monthly meeting of the Washington Bond Club, at the National Press Club. He was intro- duced by the president of the club, Lawrence M. Proctor. Mr, Essary devoted more of his speech to politics than to finance. He has been through all the leading cam- paigns for the past 20 years and gave the bond men some intensely interest- ing political information. The speaker reviewed the present po- litical situation in detail and Idded some glimpses of what may hap) between now and the presidential eec- tion in November. One of the leading political writers in the country, his ad- dress this noon was greatly enjoyed by an excellent turnout of the Bond Club members and several guests. American Stores Co. Buys Chain. ‘The American Stores Co. of Phila- delphia, operating in the District, Maryland, Pennsylvania, Delaware and New Jersey, yesterday purchased the J. W. Crook Stores of Baltimore. The Crook chain will go under the new management April 12. In business 46 years, the Crook firm has more than The American company entered Balti- more in 1922, building a warehouse there in 1927. A $250,000 addition is now under construction, and exclusive of the Crook chain, the American has 325 stores in the Baltimore division. The purchase is of special interest to ‘Washington, where the company has a large number of stores, bought when the concern took over the Old Dutch —Prev. 137% 107% B6% 898 104 12% 9% 5% 181% 2 3% 81y 284 21% 41y 29 5% 43% 95 4y % Stock and Sales— . Dividend Rate. Add 00. High. 2 Abitidi Pwr & Paper. 2 4% 11% 3 46 Air Reduction(t43). 11% Alaska Juneau (50c) 1% Alleghany Corp. 621 Allfed Chemical (8). 9% Allfs-Chalmers(50c). 7is Alpha Port Cemt (1), % Amal Leather. . Amerada Corp (2). Am Agri Chem (Dei). Am Bank Note. Am B: Note p! Am Beet Sugar pf. Am Can Co (15). Am Car & Foundry. Am Car & Fdy of (1) Am Chicle (13).. Am Colortype. . Am Comel Alcohol. .. Am Encaustic Tiling Am & Forgn Pwr.... Am&Forzn Pw(8)pf. & Am&Foren Pw(1)pt. Am & For Pwr 2d pf. Am Home Prod 4.20 Am Ice (2). Am Internat! ‘Am Locomotiv Am Locomot pf(T) Am Mch & Fdy 1.40.. Am Metal CO........ Am Pwr & Lt (31)... Am Pwr & Lt pt (6). AmP&LtDLA (5).. % Am Radiator (40¢).. Am Radiator pf (7). 1, Am Republies. : 7% Am Rolling Mills 104 Am Smit & Rfg(50¢: 32 Am Sm&R 24 pf (6).. 53 AmSm & Rfgpf (). 5% Am Steel Foundry. 33% Am Store 2114 Am Sugar (4) 67% Am Sugar pf (7)..... Am Tel & Teleg (9).. Am Tobacco (16 ‘Am Tobacco B (16) Am Water Wks (3) ‘Am Woolen Co pt Am Zinc & Lead Anaconda Coppe Anchor Cap pf (6%). Archer-Daniels (1) .. Armour of Del pf(7). Armour of Il (A) ‘Armour of 11l (B) Armour of Il pf... Arnold Constable. Associated Apparel Asso Dry Goods Atch To & Sah h(l) - EX T ET ST PRS- PN oo -3 Po OenanSSa » ¥ Eraa oF Y Atlantic Refining (1) Atlas Powder pf (6). Atlas Stor Auburn Auto (f4). Autosales pf..... 1% Aviation Corp (Del). 4% Baldwin Locomotive 16% Baldwin Loco pf. 12% Baltimore & Ohlo. . 181 Balto & Ohlo pf.. 85 Bamberger pf (l%) . 200! 4 Barnsdall Corp...... 24% Bextrice Cream (4) 83 Beatrice Crm pf(7) 38% Beech-Nut Pkg (3) 2% Belding-Hemingway. Bendix Ava (60¢) Best &Co (2 Bethlal + UG .5 5 I LREEE FFEF 5 F +11 LT EFF + 2 5 w5 pe s#8 2 sEs ~Prev.1933~ W ASHINGTON, D. C, WEDNESDAY, Stock and Low. Dividend Rate. 3% Gen Cable (A)...... 89% Gen Cigar pf (7). 17% Gen Elec (1).. 10% Gen Elec spec (60c) Bales— Add 00. 5 31% Gen Food Corp (3). .. 1% Gen G&E A (b6 % stk) 31% Gen Mills (3). 15% Gen Motors (2). 79% Gen Motors pf (5). 14 Gen Prtg Ink pf (6) Gen Public Service. % Gen Realty & Util Gen Steel Casting pf. Gen Theater Equip.. Gillette Stf Rag(1).. Gillette Saf R pna) % Glidden Co. Gobel (Adolf) Gold Dust (1.60) Goodrich (BF). Goodrich (BF) pf. Goodyear T & R (1) Goodyear 1st pf (7). ' Gothara Silk Hoslery iraham-Paige Granby Consol Cop Grand Sllver Stor: Grand Union. Grant (W T) (1). 14% Great Northern pf(3) 412 Great Western Sug. . 665 Great Wn Sug pf(7). 15 Greene Cananea Cop. 1 Grigsby Grunow. 20% Hackensack W (1%) 1% Hahn Dept Stor 13% Hahn Dept Stores pf. 1 Hayes Body Corp. 90 Hercules Pow pf (7). 72 Hershey Choc (§) 72 Hershey Choc pf t 10 Holland Furnace 1)) 5% Hollander Son: . 110 Homestake M t! 214 Houdaille Hershey. . 53 Household Fin pf 4.2 1614 Houston Oil 314 Houston Ol (new).. 18 Hudson & Man (3%) 5% Hudson Motor Car. .. 2% Hupp Motors. 913 llinois Central. 521 35 25%% 9% 84 [ 2% 28% Illinots Cent 11 (4).. 7y Indian Motor Cycle 2314 Indust Rayon (4) 2715 Ingersoll Rand (3).. Ins Shs(Del)a62 % c Interboro Rap Trans Intercontl Rubber. Interiake Iron Int Agriculture int Bus Machine (n6) Int Carriers(a22%¢) Int Cement (2).. Int Combustion Int Combustion pf. Int Harvester (1.80). Int Hydro El1 A (e2). Int Match pfd Int Merchant ) Irt Nickel of Can. .. Int Paper & Pwr (B) Int Paper & Pwr (C) Int Paper & Pwr pf Int Printing Ink. Int Rys Cent Am. Int Shoe (3)..... Int Stlver pf (4). Int Tele & Teleg. 381 Interst D S pf xw 30 Jewel Tea (4).. 15% Johns-Manville 85 Johns-Manv pf (7).. 5914 Jones & Laugh pf(7) 5 KaufmnnDS (80c). 1 Kelly-Spring Tire... 708 175 9 53 6 3 151 1 10s 1 EY ) P PO RN T or S-S Y O P NSTOT RS ISSIe-CRS ) Sn ] o @ 0o 3 £ Stock and Dividend Rate. Reading Rwy (1). ~Prev. 1932~ High. Low. 2 22 5% 3% 2 Remington-Rand. 3% 2 Reo Motor Car 65 4% Republic Steel . 10 7% Reynolds Met (1%). 32% Reynolds Tob B (3)., % Richfield Ofl. 2 Rio Grande Of § Ritter Dent Mfx 3% Rossia Insof Amer.. 3% Royal Dutch of NY feway Store Safeway Strs pf (6).. Safeway Strs pf (7). St Joseph Ludl!fl:). St L-San Francisco. St L-San Fran pt St L Southwn pf rets Savage Arm. Seaboard AIr Line Seaboard Ofl. Sears Roebuck (zv,) 308 Shell Unton 011, Stmmons Co. Simms Petroleum. .. s Skelly Ol pf ww.... heff Steel pf. Vacuum (1). South Port Rico Sug. 1 Southn Cal Ed (2)... 43 Southern Pacific 20 Southern Railwa: 3 Southern Railwaypt 3 Sparks-Withington.. 18 Spencer Kellog(60c). Spicer Mfg. Stand Brands (1.20). Stand Gas&El (3%). Stand Gas&El pf (4). Stand Gas&El pf (6). Stand Gas&El pf (7). Stand Ofl Calif (2).. and Ofl Stand 011 M Sterling Secur (A).. Sterling Secur pf.... Sterling Secur cv pf. Stewart Warner..... Stone & Webster (1). Studebaker Co(1.20). Studebaker pf (7) Sun Ol pf (6)..... e 11% Telautograph (1.40). 17 Tennessee Corp. Texas Co (1). 2014 Tax Gul Sulphur (1). 1’ Tex Pacific Coal&Oil. 4! Tex Pacific Land Tr.. 1% Thermoid Co . 8% Third Avenue. Third Nat Inv (1.05). Tide Water Asso Ofl, Tide Water As pf(6). Tide Wat Oil pf (5).. Timken-Detroit Axle Timken Roiler B(2). Transamerica Corp. . Tri-Contl Corp. . Tri-Contl Corp pL(6) Truscon Steel Twin City Rap Tr pf. 3 1008 19 MARCH 30, 1932 Wet. | ~Prev.1932~ Stock and Low. Dividend Rate. 1 Ulen&Co.. 14'4 Und-Ell-Fisher .. 27‘u Un Carb & Carb (2). 10% Un Oil of Calif(1. 65 Union Pacific (10)... 15 Un Tank Car (1.60).. 9% Unit Afrcraft 41% Unit Afrcraft g 20% Unit Biscuit (2).... 9% Un!t Carbon. % Unit Cigar Stor 7% Unit Corp (40c) 31% Unit Corp pf (3 1 Unit Dyewood... Unit Electric Coal. . Unit Fruit (3).. Unit Gas&Im(1.20).. Unit Gas&Im pf(5).. Unit Pice Dye W(1). U S & Forn Secur. U S Gypsum (1.60) U S Indus Alcohol. U S Leather. .. US Leather (A) U S Pipe & Fdry (2). U S Realty & Imp..., Rubber. U S Rubber 15t pf... U S Smtg & Ref (1). U S Steel (2).. U S Steel pf (7). United Stores (A United Stores pf (4). 1 Univ Pipe & Rad. . 10% 3‘7. Util Pwr & Lt (A) 18% 11%s Vanadium Corp..... 415 3l Va-Car Chem 6% of. 39% 23% Va Car Chem 7% pf 29% 19% Vulcan D'tinning (2) 19 11w Waldorf Sys (1%) 3 1} Walworth Co... 10% 6% Ward Baking (A). Ward Baking (B). Warn Bros Pictu Warren Bros West Pa Bl pi . West Pa Pwr pt (6). Western Dairy (B).. Western Unfon (4).. Westing'se Alr B(1), Westinghouse (1)... Westinghse 1t (3%) Westvaco Chlor 1.60 White Motor. . White Rock (4).. White Sewing Mach. 34 Wilcox Oll & Gas 1% Willys-Overland 21 Wilson & Co (A) 36% Woolworth (2.40). 15}, Worthington Pump. . 57 44% Wrigley (Wm) (4).. & Towne (1)... low Truek..... twn Sheet&Tube. % Zenith Radl « Zonite Prod C + ~ 234, 36% + ot L P RE FEEFEEE I +1 FELSFEFE FET TH++ 11+ % +4+ EF FREFE P F FEF ¥ TN +l+++ 1+ + f‘{i‘ixi 45% FEFE F - 40s 19 10s 308 17 10 4 347 108 FINANCIAL Sales— Add 00. High. Low. Close I 1w s 15% 15% 304 1214 T3 15 46y 9ty 3 12% K 84 Sales of Stocks on New York Exchange. 10:30 A M. . 200,000 1:30 P.M. 700,000 Dividend rates s gi payments based on th *Ex- | extra 3 Plus 4% s Payable i £ Plus [ 12:00 Noon. g less than 1 T stock "R PaI o yearine ock. = shas in stock. + % + %N 1% - ¥ i1™| Brings Out Renewal of +1% + % STOCKS DEPRESSED = INFRESH SELLINC Higher Opening of Markef Liquidation. W BY GEORGE T. HUGHES. + ' 8pecial Dispatch to The Star +10 + 4| manufacturers could not much 500,000 800,000 A R P‘fu ,E e 1:“‘; trials of the type of Allied Chemical was nPlus 8% in » Plus NEW YORK, March 30 —Opening | higher, today’s stock market soon rar into fresh liquidation, cutting down the initial gains, which were mostly it | stocks carrying a large short interest and taking a number of the issues un- der pressure into new low ground. | The early buying seemed to be predi- % |cated on the more favorable advice: 3 | from Washington with regard to tht | budget, overlooking the sacrifices thai 1 |the ~various industries, including the | financial world, would have to make 7 | This viewpoint was altered later in the 3 | day, and the stress was placed on tht | impediments to trading involved in the proposed tax on transfers of securities * | d e probability of difninishing saler 14 |in lines on which the highest imposti were to be put. | Advices from the fron and steel trads * | authorities were not encouraging. They still had nothing to offer except thi | pious hope that demand from motot longet be delayed. Meanwhile, however, thi | rate of production has dropped to 2! | per cent, against 25 per cent a week aga The car loadings statement was bettel in go far as merchandise traffic was con. cerned, but it fell short of the seasona increase. A bad impression continued to b made by the wiakness in United State; Steel preferred. That stock, long con: sidered the premier investment issue | before noon was selling under $89 i share, the lowest since 1908. Bethlehen Steel preferred went to a new low for the bear market, but was not as active ‘The common stocks of both steel com- | panies were better supported than tht preferred shares. In fact, United States | Steel common was at one time a poiny higher. Another very weak spot today wa the local traction group. In this cas | the selling was directly due to the pro- + | posal for a city tax of 2 cents a fare. The unique proposal brought a break of over 3 points in Interborough Rapié Transit. Electric Power & Light was freely offered and dropped to a new bear market low in sympathy with the weak- |ness in Electric Bond & Share on the |curb. Goodyear Rubber broke 3 points . |for the common and 4 points for the | preferred. ‘The short covering that helped indus. evidently a precautionary movement On April 1 the Stock Exchange regula- STEEL INDUSTRY HOPES | FOR REVIVAL IN APRIL Special Dispatch to The U. S. TREASURY BALANCE. By the Assoclated Press. Housefurnishings Lines. Treasury receipts for March 28 were $4,494,068.24; expenditures, $15,151,- | 235.61; balance, $681,316,773.83. Cus- | toms duties for 28 days of March were NEW YORK, March 38 (#).—Job-! bers and retailers report a good move- ment of merchandise in house furnish- ing lines, including draperies, floor cov: tion requiring specific consents of cus- tomers before stocks are loaned becomes cflective and, while it is not now ex- pected there will be any available supply to borro deubtedly be reduced more or less. | Not all of the market was weak. The |oil stocks made a good showing, re. r NEW YORK, March 30.—The steel | £21,069,497.29. industry has not lcst hope for a revival eine of demand in April, despite a runhep decline in steel ingot production, the | Iron Age states today in its weekly | trade summary. - ” “This expectation,” the Review states, | pondor; mounds . “is strengthened by the announcement | Brussels. bel of a public showing of the new Ford | Berlin. automcbiles on Thursday, the appear- | 307, I ance of the new Plymouth car on Sat- | Athens. drachma urday, and the inauguration on the | Madrid. pesetn same day of a country-wide sales drive | Bidapest pengs. . - by General Motors. The test of retail | Prazue, ciown (rom.i demand for motor cars will come in | %arsaw. zioty .o the next week, and if even moderately | Gls. crown T successful, will have an almost immedi- | Stockholm, cro ate_ refiection on sutomoblle manufac. | MoBtesh $1s turing schedules and on steel mill = opf;‘;gtorg!‘ e e k[U S. TREASUBY CERTIFICATES utput has dec! weel = to about 22 per cent of capacity against “ Ry Cee D Baonty & C 25 per cent last week. There has been | 3'»s Oct. 18, 1932 a sharp falling off at Cleveland, where 3 3 one plant has thut down all of its open-hearth furnaces, and lesser de- creases have occurred in the valleys and at Pittsburgh and Chicago. | The Review continues: “Notwith- standing that the steel-making rate has not been so low during the entire S » Bethlehem Stl pf (7) | sponding to the hardening price struc- Blaw Knox (50¢).... ture. The low-priced Ohio Oil sold at a new high for the year and from time to time demand appeared for Standard |of New Jersey and for Texas Corpora- n“§u°§fi§fi2§"u‘:"" mall setvices will Yon. Any gnmn.m advance was pre- e ween e Orkney - | ven| the heav | lands and Inverness. Scotland, in May. | list. 4 s e 22% 6% Kelly-Spr T 8% pf. . x 214 Kelsey-Hayes Wheel Bloomingdale pf (7). 108 7" Kelvinator Corp. Blumenthal pf (7)... 70 7 Kennecott Copper. Bobn Alumn & Brass 2 “ 10 Kinney (G R) Co pt Bovden Co(3). e 143 Kresge (S S) (1.60) Dif W acas (1) % Kreuger & Toll. . il L & Raine 12% Kroger Grocery ( % - 5% 31 Brockway Mot Tr pf. Lambert Co (3).. with ‘one of $3.08749 for the| Soi 3013 Bkiyn.Man Tran (4) Lee Rubber & Tire. month last year. For the two months| 78% 68 Bklyn-Man Tr pf (6) Leh Port Cmt pt (7). of 1932 there is a deficit of $17,046.38,| 58 46% Bklyn&Queens pf(6) Leh Port Cement. as against one of $6,534.35 for the com-| 89% 72% Bklyn Unlon Gas(5). " ]’;n:n\;nrgo;n ;; 40). parative period of 1931. 3 1% Brunsw-Balke. .. DA N In its report to the Interstate Com- 1 BrunsTerm & Rwy! Liyhey Owana Glawe. merce_Commission, the Chesapeake & 4 Bucyrus-Erle.. Liee e MyeraB (18) Ohlo_Railway shows current assets of 1% Budd (EG) Mfg. legld éaymm“: e [ 416,029,018 a5 of January 31, 1032, com- eel. Tias i casteniol(D: - paring with = o $20000 811 et “end ot Loswel | were .$12,031.281 against $12,238,582. t‘;gm;‘;‘a"fg"zl’)fl} . Cash 'was $3,581,300 comparing with g sl G .$7,864,648. Investments in stocks and e “bonds, etc., other than those of affiliated 1% Ludlum Steel companies, amounted to $663,926 on January 31, against $841,448 at end of 10. Mclntyre Porc M (1) January, 1031, and funded debt matur- 10 Canada Dry (1.20). .. McKeesport T P (4) . | ing within six months was $4,273,000, 10% Canadian Pacific 1% . 3 McKesson & Robbins . against the same amount in preceding 17 Cannon Mills (1.60). 8% McKesson & Rob's pt year, 22% c.nlm Ad pL(A) (3) Market units several years ago. Rapid Transit's Report Filed. * The Pebruu-y uutemenc of openmom of Washington Rapid Transit rday with the Pubuc ummes Com on continues to show recessions in income. In the item for the month s:eflcit of $7,885.98 is revealed, as con- B ‘erlngs and furniture. Buying has been == stimulated, they say, by the post- FOREIGN EXCHANGE, | promotions (Quotations furnished by W B. Hibbs & Co) | minal gold Belline eneic | e o » 26 8c Ber ‘cent discount. 21% 15% Bush Tormlm!(x%). 1% 7 Butte Copper & Zine K, % Butte & Superior 34 ButterickTo. 103 B: 50 Byej 214 Calumet & Hecl Semial = FIRST MORTCACE NOTES oo 12% Mack Trucks (1). 264 1) Co. 36% Macy (R H) (n2) ONSISTEI\T Ruling Pleases Traction Officials. ‘Holders of Capital Traction stock and also of Washington Railway & Electric issues were deeply interested in the court ruling announced yesterday up- holding the order of the Public Utilities Commission to have meters on all taxi- cabs. The matter may be delayed still further in the courts, but if it eventu- ally becomes a city law it should prove of great assistance to the street railway . companies. It is expected to make taxi- cab rates somewhat higher. Competition with private automobiles and busses has hurt the street railroad business in Washington for years. But it was the unrestricted taxicab com- petition that hit the car lines with par- ticular force during the last half of 1931. Should this condition be changed, officials believe that the last half of 1932, will tell a more favorable story of traction earnings. Both officials and shareholders are at present engaged in “watchful waiting.” So far as net earnings are concerned, the final outcome of the taxi situation is more vital to Capital Traction than to Washington Railway & Electric on account of that company’s Potomac Power affiliations. Heard in Financial District. Today's trading on the Washington Stock Exchange was confined wholly to one issue. Five 10-share lots of Poto- mac Electric Power 5% per cent pre- i ferred sold at 105. - Col. Leonard P. Ayres of the Cleve- ; land Trust Co. met many friends in the } city yesterday while here to testify ,against the Glass reform banking bill, which he objects to for many different Feasons. ‘Thomas ‘H. Preston of Chattanooga, lm mer president of the American Bank- ers’ Association, also gave testimony yesterday on the Glass bill 0. Howard olfe of Philadelphia, now president of Jthe Reserve City Bankers' Association, who has made several bank addresses dn this city, has also attended the hearings. % M. H. Calman, vice president and _Jcashier of the Liberty National Bank, <ds back at his desk after 10 days' illness. ¢, The National Fertilizer Association’s “jndex for the past week showed the| Jargest decline in wholesale prices in fcvenl weeks—five fractional points. i POTATO MARKET. "} CcHICAGO, I *Ftates D(pfmmrnl ui Agriculture) — é cars; on track, S ates shipments, slow; sacked, per Wisconsin round whites, North Dakota, Minne- ¢r Ohios, 1.05a1.10; Idahe 1, 135al.45; fanecy, 1.50; lchlxfin "Russet Rurals, few sales, 85a90. | NEW YORK BANK STOCKS NEW YORK, March 30 (#).—Over- ‘4he-counter market: hemical (1.80) March 30 () (United | ontinental (130 o Exchanse. (47). 5 125 t?h Clu (& l) »f ). 8 Caterpillar Trac (1). 114 Cavanaugh-Dobbs. .. 3 Celanese Corp. 1 Celotex vtc ctfs 11% Cent Aguirre (1%) 8% Cerro de Pasco (1) 17% Ches & Ohlo (2% ). 12% Chesapeake Corn(3). 1. Chi& Eastern Il. 2% Chi Great Western. 814 Chi Great West pf... 2% Chi Mil StP & Pac pf. 6 Chi& Northwestern. 3% Chi Pneu Tool. 6. Chi Pneu Tool pt 8% Chi Rock I & Pacific. 11% Chi R1& Pac 6% pf. 7 Chickasha Cotton Ofl 10% Chrysler Corp (1). % City Stores. 15% Cluett Peabody (2).. 974 Coca Cola (18)...... 24% Colgate-Pal-P (2%). 7 Collins & Alkman. .. 11% Columbia G&EI(b1% 6% Columbia Pic ctfs. .. 28 Columbia Carbon (3) 161 Comel Inv Trust (2). 89 Comel Inv Trpf 6% 7% Comm Solv (80c) 314 Comwlith & Sou(30c). 59 Comwlth&Sou pf () 8 Congolm Nairn (1).. 3% Consol Film. 8% Consol Film bf (2).. 5414 Consol GasN Y (4).. 89 Consol Gas NY pf(5) 9 Consol Laundries(1) 4% Contl Baking (A).... 40 Contl Baking pf ( 31% Contl Can (234). 19 Cont Insur (2.40). 5% Contl Oil (Del) % Contl Shares. 37 Corn Products (3) Corn Prod pf (7) 2% Coty Inc 20 Cream of Wht 12%. 10% Crex Carpet. 15 Crucibls b - N = M 8 0ETHPQUL. JTOPRUIN - P OIOPS. 0Tt 1Y o 5 = = [ P TTo- PRSI P2 S (oI ISTE 30 22 Curtis Publishing(2) 1% Curtiss Wright. 1% Curtis Wright (A) Cutler Hamm 3 Davison Chemi 81 Deere & Co pf (1.40). 17% Delaware Lack & W, 98 Detroit Edison (8).. 21% Diamond Mtch pt 1% 71 Dome Mines (1)..... 13 Dominion Storest1% 17% Dresser Mfg A (3%) 4715 Drug Corp (4).. 1 Dunhill Internatl. 45% Dupont de N PIISTTYS » 681, Eastman Kodak (5) tonAxle& Spr s0c. ec Auto Lite (4)... FBu» 5% o S 93, Elec Pwr& Lt (1)... 81y Klec Pwr & Lt pf(6). 38 Elec Pwr& Lt pf(7). 17% Equit Office Bidg ufi 7% Erie R R 1st pf. 315 Eureka Vac (a2) 9%, Exchange Buf (25¢) . 53 Fed Lt & Trac pf (6) 2% Federal Mot Truck. . 3% Fed Water Service A 20 Fid Ph Fire In(2.60). 50% Firestone T&R pf(§) 413 First Natl Strs (2%) % Fisk Rubber. . 3 Fisk Rubber 1st pf. 4 Follonsbes Bro: 8 Food Machinery 8 Foster-Wheeler 2% Fox Film (A). 15% Freepo: xas (3) 2% Gen Am Lnvesto: Cesro oo 100: - S Ea T 410, MERBOA OBOHOE ~0 ) et EFF F OF FEFF ¥EF 441 + N +1 2%+ W % - W 4% 224 % 157 10% 32% 18% 7 2% Madison Sq Garden 7 Manhat Elev mod gtd 9% Marine Midld(80¢). . Marlin-Rockwell(1). Marmon Motor Car. . Marshall Field & Co. May Dept Stores 1 Meilville Shoe (2) Miami Copper Mid Continent Midland Steel Prod.. M StP &S S Marie. Mo Kan & Mo Kan & Texas pf.. Missouri Pacific. Missour Pacific pf Mohawk Carpet. . Monsanto Chem 13 .. Montgomery Ward.. Motor Meter G & El.. Motor Products ( Mullins Mfg. 5% Murray Corp 14's Nash Motors 5% Nat Atr Transport. Nat Bella Hess pf. Nat Biscuit (2.80) . Nat Cash Reg (A). t Dairy (2.60).. at Dist Prod (2). Nat Pwr & Lt (1) atl Steel (1) Nat Supply pt atl Surety 5 Nevada Con Copper., Newton Steel N Y Central N Y Chicago & € X Y Chi & St L pt N Y Investors. NY \ H & Hartford. H&Hpt(7).. ¥ Y Ont & Western.. N Y Steam 15t pf(7). Noranda M(m30c). .. Norf & Westn (112). North Am Aviation. . Nor Amer (b10 % st] North Amer pf Yor Ger Lioyd m2 68 Northern Cent (4)... 14% Northern Pacific. % 5 Ohio O1L 1 Oliver Fi 11% Omnibus Corp. 164 Otis Elevator ( 2% Otis Steel. ... 7Y Otis Steel pr pt. 40 Outlet Co (4) 324 Pacific Gas & BI (2 36% Pacific Lighting (3). T4 Pacific Mills. 93 Packard Motor Car. Pan-Am Pet 1£(1.60) . Paramount Publix. Pari Utah. Pathe Exchang Peulck & Ford (1). Penney (J C) (2.40).. Penna Rallroad (2).. Peoples Gas, Chit (8). Pere Marquette pr pf 20 Petrol Corp of Am. Phelps Dodge Co T'hila Co 6% pf (3) Phillips-Jones Co. Phillips Petroleum. . Plerce Arrow pt (6 Pierce Oll pf. . Pillsbury Flour (2). . Proc & Gamb pf Producers & Refin. .. Prod & Refiners pf. . Public Sve NJ (3.40) Public Sve NJ pf (5) Pullman Corp (3)... Pure Oil. .. 50 Pure Ofl pf (8 10% Purity Bakeries (2). 5% Radio Corp 22 Radio Corp pf A 3%. 9% Radio Corp pf B. 2% Radio-Keith-Orph. o oroBamnewabe » 55 10 08 1 12 10 e 1 00 S i 10 o3 B Pacific Tel&Teleg(7) 200. 20 w W anHma s s Sreante 26 408 21 2 9 33 “ 1001 154 depression, except for a brief period last December, the steel industry be- lieves that this is the ‘zero hour’ and that new business, principally from the New York Central R. R. public serv- ice Commission authorizes company to increase fares in Westchester County: 25 per cent in commutation rate and 20 per cent for family and round-trip automobile industry, but to some ex- tent from other sources, will lift oper- m‘ir;:w appreciably during the next fort- night.” ticket: 6 % MORTGAGE NOTES SILVER QUOTATIONS. NEW YORK, March 30 (#).—Noon— Silver futures quiet; sales, 100,000 ounces. May, 30.15 bid; July, 30.55 bid; September, .85 bid, October, 31.15 bid: December, 31,54 bid. 69 NOTES Secured by . Conservative Appraisals Ingur- First Mongage ing Absolute Safety Washington, D. C. | - Real Estate IN DENOMINATIONS OF Safe—Conservative $250 H. Saunders Co. andUpwards BOSS & PHELPS Realtors Realtors Established 1'5~ NAtional 9300 DI. 1016 Secured on new brick homes in preferred northwest resi- dential sections. ery mort- gage protected by fire snsur- ance and title guaranteed by responsible title companies. 41T K 8 ‘ly try every known = nnlncmg you will yuided by the experience you ce methcc }lave to b= of others. The Real Estate Loan Plan of the Metropolitan Life Insurance Company has satisfactorily assisted thousands of home owners throughout the nation. It was developed to meet the individual needs of persons of large or small circumstances. v{ Construction Loans WEAVER BR REALTORS Washington Building Mortgage Loan Correspondent Metropolitan Life Insurance Company Loans made in the District of Columbia and nearby Maryland and Virginia Member of the Washington Real Estate Board H. L. Rust the with principal soundly secured; certain income; and never a deviation from safety that protect your investment. to offer our facilities for earnmgs e liberal yuld the factors of Permit us placing of your in- vestment funds. Company 1001 Fifteenth Street National 8100 S. Baby Bonds Received Here Benefits Nobody —from hoarded cash, bu sound securities, or deposited in a time-tried bank like this—money helps business, gives jobs to the unemployed, sends depression to limbo. 9 Banked in either a Che vour dollars will EARN & Surplus $3,500,000 : Deposits Invited Any Amount AVBLEY A Ffluc: owet ¥ 11743 CiE, - National Savings & Trust Co. 66th Oldest Savings Institution in the District of Columbia Cor. 15th and New York Ave. Open Until 5:30 P.M. in Thursday, March 31st, and Friday, April 1st t well spent—invested in king or Savings Account, YOU INTEREST, here. Interest Paid on Both Checking and St Accounts