Evening Star Newspaper, April 1, 1932, Page 14

BANKERS PLANNING RCANOND PARLE Federal Reserve Stockhold- F ers’ Meeting to Be Held ¢ on April 15. E” BY EDWARD C. STONE. Word has been received by local mem- of the Stockholders’ Association of the Federal Reserve Bank of Richmond Stating that the annual meeting will be held in the Virginia capital on Friday, WApril 15. Complete details of the pro- gram are to be announced soon. About 200 bankers from all parts of the fifth Federal Reserve district, which includes Washington, Maryland, Vir- ginia, West Virginia, North Carolina and South Carolina, usually attend the annual meeting at which vital banking problems are fully discussed. The association makes recommenda- tions to the Federal Reserve Bank of Richmond. These suggestions do not have to be adopted as the association has no direct power over the manage- ment of the bank. However, the dis- cussions are so helpful, as well as in- formative, that the meeting is always wery largely attended. Cfeorge J. Seay, governor of the Fifth District Bank, is always one of the speakers. No doubt his remarks this year will be of special interest. The hotice of the coming meeting is signed by ¥. H. McKee, president of the Na- tionsl Capital Bank of this city, who is president of the association. Light Re-Enters Insurance Field. Charles P. Light, for many years connected with the Washington office of the National City Co., has resigned his position to re-enter the insurance field as special representative here for the Fidelity Mutual Life Insurance Co. ‘of Philadelphia. He has been in Washington 20 years and is a member ‘of the Alfalfa’ Club, the Army and Navy Club, the Metropolitan Club, the Racquet Club and the National Press Club, as well as the Blue Ridge Rod and Gun Club, the Maryland Club of Baltimore and the Commonwealth Club ©of Richmond. At one time he was secretary of the American Highway Association. Following this he became a Tepre- sentative of the Fidelity Mutual Life Insurance Co. at Martinsburg, W. Va. In 1912 he moved to Washington and in 1916 became district manager here Fidelity. R prominent in the Liberty Loan drives and other war activities and was offered a_connection in Wash- ington with the National City Co. of New York in 1918, which he accepted. Mr. Light, however, never gave up his !n;er!stg in life insurance. His de- cision to return to that company, therefore, does not come as a surprise. Fifth District Mills Active. details from the February .n?'?.l:f; March review of the Federal Reserve Bank of Richmond show- that the textile industry in this territory is operating at a higher Tate ;ol production than a year ago. Further- more, fifth district mills consumed mare cotton last month than in either January, 1832, or February, 1931. Labor conditions showed no material change up to the last half of March. Bituminous coal production in Febru- ary exceeded January production, but was approximately 11 per cent below production in February last year. Farm work is reported as well advanced for the ‘season, but the outlook is uncertain as_to prices. Mas{J of the auction tobacco markets in the district closed during February after- selling smaller crops for much lower prices than were sold last year from the ‘yield ¢/ 1930. Tobacco manufac- tured in February was less than in February, 1931, but the decline in this industry was much smaller than de- creases in output shown by nearly all other industries. Building work provided for in Feb- ruary_ permits issued and contracts actually awarded was in smaller volume than in Febraury, 1931, and there were no indications that pointed to much increase in construction work in the near- future. Prince Georges Pays Dividend. The directors of the Prince Georges Bank & Trust Co. recently declared the regular quarterly dividend of 1%: per cent on the outstanding stock, the pay- ment being made today. This bank’s stock is listed on the Washington Stock Exchange and pays 6 per cent a year. It is announced that Saks & Co. will have a temporary office for the collec- tion and adjustment of accounts, at 630 Indiana avenue northwest, over the National Bank of Washington, Isaac Gans and O. B. Vogel being in charge. 'W. W. Marlow, cashier of the Second Natfonal Bank, has been confined to his home for several days with an attack of the prevailing grip. _ Irving Zirpel, secretary and assistant trust officer of the Union Trust Co., 15 tack at the bank after a week’s illness with the grip. Directors of the McCrory Stores Corporation have declared the regular cuarterly dividend of $1.50 per share on the preferred stock, payable May to stock of record April 20 Two-Year Premiom Required. Local representatives of Virginia in- surance companies and other workers in the same fleld, are much interested in the announcement that Gov. John Garland Pollard has signed the bill requiring the payment of two years’ premium, instead of one year, on in- surance policies collectible by the heirs of suieides, Agitation for this change in the law was centered largely in Richmond, where, during the last two years, two suicides had caused a $1,- 300,000 loss to the various companies operating there. Light Trading on Exchange. Mergenthaler Linotype opened busi- ness on the Washington Stock Ex- change today with a small sale at 40. Five sales of Potomac Electric Power 51, per cent preferred, totaling 40 shares, was recorded at 105. Riggs National, American Security & Trust, and Union Trust Company stocks have been added to the list now quoted ex dividend. Many other issues paid dividends today, the checks hav- ing been received in the morning mail. Local'brokers, as well as bankers, were watching with intense interest the re- sults of the new ruling on loaning of stocks ‘in connection with short sales on the New York Stock Exchange, which went into effect today. Title Convention in West. | The American Title Association will { hold its_twenty tion in Del Mont and 30, 1932, accord: to an announce- ment issued by its executive offices in Chicago today. The American Title Association is composed of 2,500 trust, title and ab- stract companies of the United States. James 8, Johns, Pendleton, Oreg., is its 1932 president. g NEW YORK BANK STOCKS NEW- YORZ, April 1 (#). ~the- ounter mark 5 T Chase (3) ... Commercial "8y First Natl (100).. battan (2) at City ( Public @) . : Trust Companies. Bapkers (3) . Bklyn Trust (16) - Central Hanover (+7) s SR Guaranty ‘& Trust (4 ~Prev.1932, High. 117% 4 131 20% 20 43% 5 15 12% 15 3% 5l 15% 891y FINANCIAL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE Stock and Low. Dividend Rate. 5 Abitibl Pwr & Pa pf. 18 Abraham&Straus 1% 3% Adams Express. 24 Adams Millis (2).... 1215 Affiliated prod 1.60. . 46 Air Reduction(1434) 11% Alaska Juneau (50c) 1% Alleghany Corp. 214 Alleg Cp pf $40 ww.. 6214 Allied Chemical (§) . 9% Allis-Chalmers(50c) Tl Alpha Port Cemt (1). 12 Amerada Corp (2)... 5% Am Agri Chem(Del). 12 .Am Br Shoe (1.60)..s 7515 Am Brake Shpf(7).¢ 54 Am Can Co (15)..... 6. Am Car & Foundry.. 26 Am Car & Fdy pf (7) 3 Am Chain... 29 Am Chicle (13 - 6'4 Am Comcl Alcol Y 5'¢ Am European Secur. 4% Am & Forgn Pwr.... tForgn Pw(6)pf. orgn Pw(T)pf. T4 Am & For Pwr 2d of. 4% Am Haw St'ship (1), 417 Am Home Prod 4.20.. 127 AmIce (2).... s 5 Am International. 5% Am Locomotive. 30% Am Locomot pf(7) 714 Am Mch & Fdy 1.40.. 315 Am Metal Co. 281¢ Am News (3) 8% Am Pwr & Lt (31). 81 AmPwr&Ltpf (6)a 281 AMP& Ltpf A (5).. Am Radiator (40¢).. Am Radiator pf (7).. 13 Am Republics. B 75¢ Am Rolling Mills 21% Am Safey 100 R 2d Df (6).. 53 AmSm & Rfg pf (1), 301 Am Snuff (13%). 5% Am Steel Foundry. 331, Am Stores (12%) 201x Am Sugar (4) Am Sugar pf (7). 107% Am Tel & Teleg (9). 65 Am Tobacco (16) 66'5 Am Tobacco B (16) 2114 Amer Type Fdrs pf. 24% Am Water Wks (3) 3 Am Woolen vtc new.. 1515 Am Woolen Co pf 15 Am Writ Paper ctfs 2 Am Zinc & Lead. 5% Anaconda Copper. ... 5 Araconda Wire &C.. 13 Anchor Cap (2.40). 70 Anchor Cap pf (6 915 Archer-Daniels (1) 32 Armour of Del pf(7). 1 Armour of 11l (A) 13 Armour of 111 (B). 1% Arnold Constable 1% Assoclated Appare! 4% Asso Dry Goods. ... 63 Atch To & San Fe(§) 18 AtlCoast Line (4)... 15 AtlGulf& W Ind pf.. 8% Atlantic Refining (1) 70 Auburn Auto (f4)... 1% Autosales....... 21; Aviation Corp (Del). 47 Baldwin Locomotly 164 Baldwin Loco pf. 123 Baltimore & Ohio 1815 Balto & Ohio pf 184 Bangor&Arostk(2) 4 Barnsdall Corp 23 Bethlshem Steel...., Rethlehem Stl pf (7) Bigelow-Sanford.... Bohn Alumn & Brass Bon Ami (A) (15). Borden Co (3)... Borg Warner (1). Briggs Mg (1).. Bklyn-Man Tran (4) x Bklyn Union Gas(5), Brunsw-Balke. Bruns Term & R Bucyrus-Erie. . Bucyrus-Erie ev pi Budd (E G) Mf, Budd Wheel. .. Bullard Co. Burns Bros (A) Burroughs Add(80c). Bush Terminal pf( Butte & Superior. Butterick Co. Brers (A M) California Packing Calumet & Hecla. Canada Dry (1.20)..:% Canadian Pacific 1% . Cannon Mills (1.60).. Case (J1) Co....... Case (JI) pf (T).... Caterpillar Trac (1). Cent Aguirre (1%3).. %4 Cerro de Pasco (1)..: 214 Certain-teed Prod. Checker Cab Mfgr. Ches & Ohlo (2%). Chesapeake Corp(3). ChiGreat Western. Chi Great West pf. Chi Mil StP & Pac. Chi Mil StP & Pac pt. Chi & Northwestern, Chi & Northwest pf.. Chi Pneu Tool....... Chi Pneu Tool pt. Chi Rock 1 & Pacific. Chi R1& Pac 6% pf. ChiRI& Pac 7% pf. Chickasha Cotton Ol Childs Company..... Chrysler Corp (1). City Ice&Fuel (3.60). City Stores. ... Clark Equipment 4 Coca Cola (18) . Coca-Cola (A) (3). Colgate-Pal-P (214). Colg-Palm P pf (6) 7 Collins & Alkman 615 Colo"Fyel & Iron. hr G&EI(E ol Gas&Elpf A (6). Columbia Pic ctfs... Columbia Carbon (3) Coml Credit (1)..... Comel Cred 15t(6%). Comel Cred pf (1%). Comel Cred pf B (2) Comcl Inv Trust (2). Comel Inv T war sta. Comm Solv (60c) Comwlith & Sou (3 Comwlth&Sou pf (6) “onzolm Nairn (1).. ER). rprpf 6l nsol Film. “onsol Film pt “onsol Gas N Y (4) “onsol Gas NY pf(5)x “onsol Laundries(1) onxol Qil Corp. ... “onsol Ol Cp pf(8) Jonsol Textile. . . “ontainer Corp (A) “ontl Baking (A) “ontl Baking (1) Contl Baking pf ( Contl Can (2%).. Cont Diamond Fibr Cont Insur (2.40) 81 2 Corn Products (3). "oty Inc..... ‘ream of Wht t tee) pf (7). ne Products. “uban-Am Sugar Cuban-Am Sugar pf. Cudahy Packing (4). 204 Curtis Publishing(2) 14 Curtiss Wright. 11 Curtis 701 Cushmans p (7) 3 Davison Chemical. 814 Deere & Co pf (1.40 30 17 Delaware Lack & W.. 98 Detroit Edison (8). 10% Devoe & Ray A(60c)., 12!4 Diamond Match (1). 21% Diamond Mtch pf 1% T4 Dome Mines (1)..... 13 Dominion Storest1% 17% Dresser Mfz A (314) 8§ Dresser Mfg B (2).. 47% Drug Corp (4). 45'x Dupont de Nem (4).. 98 Dupont de N pf (6) .. 3 Kastern Roll Mills. . 681 Eastman Kodak (5). 4% EatonAxle& Spr50c. 5% Bitington-Schild pf.. 20 Elec Auto Lite (4)... 1% Electric Boat 2% Elec&Musical Instru T% Elec Pwr & Lt (1)vee .. 63 _ 8% _ 1% THE EVENING STAR, WASHINGTON, D. C. Bales— Add 00. High. Low. Close. Chge. 8 3 10 3 10 20 46 14 201 11 > o 108 1 208 92 2 |78 6 6 Net. gy - % -1 T R R —1% —-24 -2% ) —1% ~Prev.1932 High. « 53 10% 27% 21 624 23 4 18% 6015 B 1% 365 l 9 15% 125 2, 3% Stock and Low. Dividend Rate. 28 Elec Pwr & Lt pf(6). 29 Elec Pwr & Lt pf(7). 24% Elec Storage Bat (3) 2515 Endicott-Johnson(3) 1005 Endicott-John pf (7) 712 Equit Office Bldg 2% Erfe R R 3 eka V 113 Fairbanks Co pf. 37 Fairbanks-Morse. 31y Fed Water Service A 20 Fid PhFire In(2.60). 614 Fifth Avg Bus (64c). 89 Filene's Sons pf 6% 12 Firestone T & R (1) 50% Firestone T&R pf(6 4113 First Natl Strs (2%) 7% Florsheim Shoe (A). 7 Foster-Whealer 215 Foundation Co 15'% Fourth Nat Inv 1.10., % Fox Film (A).. Freeport-Texas (2) Gamewell Co (1) Gen Am Investor: Gen Am Inv pf (6). . Gen Am Tank Car(4) Gen Asphalt (1)..... Gen Baking (2) Gen Baking pf (8). Gen Bronze. . Gen Cable pf. Gen Cable (A). % Gen Clgar (4) Gen Cigar pt ( Gen Elec (1) Gen Elec spec (60c Gen Food Corp (3)... Gen G&E A (b6 % stk) Gen Mills (3).. Gen Motors (2) Gen Motors pf (5). Gen Public Service.. Gen Rwy Signal (3). en Realty & Util... en Realty & Util pf. Gold Dust (1.60). Goodrich (B F) Goodrich (BF) pt. Goodyear Tire&Rub. Goodyear 1st pf (7).. Gotham Silk Hosiery. { Graham-Paige Granby Co Grand Silver Stores.. Grand Union... Grant (WT) (1). Great Northern pf(2) Great North Ore(2). : Great Western Sug.. Great Wn Sug pf(7). s Grigsby Grunow. Hacken Wat pf A 1% Hahn Dept Stor Hahn Pept Stores pf. Hanna pf (7). Harb & Walker(50c). Hartman Corp (B). Helme (GW) (7). Hershey Choc () Hershey Choc pf 1§ Hoe (R) & Co. Holland Furna Hollander Sons. ... Houdaille Hershey. . Household Fin pf 4.2( Houston Oil. . : Houston Ol (new). Howe Sound (1). Hudson & Man (3%) Hudson Man pf (5).. Hudson Motor Car. . Hupp Motors. ...... Tiinots Central. Indian Refining Indust Rayon (4) Ingersoll Rand (3). Inspiration Copper. . Ins Shs(Del)a62gc. Interboro Rap Trans Intercontl Rubber-. .. Interlake Iron...... int Agriculture Int Agriculture pf. int Bus Machine(n§) Int Carriers(a22%c) It Cement (2)...... Int Combustion Int Combustion pf. .. Int Harvester (1.80). Int Harvester pf (7). Int Hydro E1 A (e2). 4 Int Match pfd.. Int Nickel of Can Int Nick Can pf (7). . Int Paper pf e Int Paper & Pwr pf % Int Shoe (3) Int Silver... Int Silver pf (4). Int Tele & Teleg. 314 Interstate Dept 415 Intertype Corp. 30 Jewel Tea (4).. » Johns-Manville Jones & Laugh pf(7) Kautmnn D S (80c). 1 Kelly-Spring Tire €4 Kelly-Spr T 8% pf.. L4 Kelsey-Hayes Wheel 7 Kelvinator Corp. .. 26'4 Kendall Co pf (6) 7 Kennecott Copper. 14 Kresge (S S) (1.60) 101%; Kresge (SS) pf (1) 30 Kress (SH) Co (j1). 12 Kreuger & Toll...... 123 Kroger Grocery (1). 42 Lambert Co (8) 315 Lane Bryant (1). 2 Lee Rubber & Tir 415 Leh Port Cement. 10 Lehigh Valley RR. Lehman Corp (2.40). Lehn & Fink (3).... 4 Libbey Owens Glass. Ligg & Myers B (15) Ligg & Myers pf (7). Lily Tulip Cup (1%) Loew's Ine (t4)... Loew's Inc pt (6%) 36 19% Lorillard (P) (1.20). Louisiana Oil. . La Oil pf (6%). Lou Gas&FEl A (1% Louisville & Nash(4) 1'3 Ludlum St 17 McCall Corp (2%)... 14% Mclntyre Porc M (1) 43 McKeesport TP (4). 8% McKesson & Rob's pf 23 McLellan Stores. ... Mack Trucks (1)... Macy (R H) (n2) Magma Copper (5 % Mallison & Co Manhat Elev gtd (1) Manhat Elev mod gtd Manhat Shirt (60c). Marine Midld(80c). . Market St Ry pr pf. . Marlin-Rockwell(1) . Marshall Field & Co. Mathieson Alkill (2) May Dept Stores 1.30 May Met-Gold Pic pf 1. Miami Copper....... Mid Continent Petm.. Midland Steel Prod. . Minneap Honey R(3) M'StP& S S Marle. .. Mo Kan & Texas. Mo Kan & Texas pf. Missour} Pacific. . Missour Pacific pf.. Mohawk Carpe Monsanto Ch Montgomery Ward. . Mother Lod Motor Wheel Muilins Mfg.... Mullins Mfg pf. urray Corp 244 Nat Acme Co. 5% Nat Air Transpor: Biscuit (2.80) 113 Nat Lead pf A (7) 99 NatLead pf B (6) 11% Nat Pwr & Lt (1). n 6% Natl Tea (60c). 314 Nevada Con Copper 24 Newton Steel. Figs: 2414 4 63 105 x YChi&StLpf... N Y & Harlem (5) 1% N Y Investors. ..... 17% N Y N H & Hartford. hipbuilding. team 18t pL(T)e Sales— Add 00. High. 2 3% 3% 3y «M0s 30J% Wl% 1% FRIDAY, APRIL 1, Wet. Low. Close. Chee. -2 + % 5% Hi 28% + 1) RS EL S £y 208 3 ~Prev.1933~ 225 164 Otis Elevator (2... 14 42 27 15% 10% Stock and Low. Dividend Rate. 12% Noranda M(m50¢). .. 1 Norfolk & Southern.. 106 Norf & Westn (112). 214 North Am Aviation. ., 29 Nor Amer(b10%stk) 41 North Amer pf (3).. 7915 North Am Ed pf (6). 4% Nor Ger Lloyd m2.56 14 Northern Pacific 5 Ohlo Ol 1'3 Omnibus Corp Bales— igh. wo® 1 @ ®w - JOYONN waSBa 4% 4% 2 Otis Steel. 713 Otis Steel pr p: 40 Outlet Co (4). 20 Owens Il Glas: 31% Pacific Gas & Bl (2). 3615 Pacific Lighting (3). 715 Pacific Mills. ....... 9314 Pacific Tel&Teleg (T 31 Packard Motor Car Paramount Publix Park Utah. . Parmelee Transport. Patino Mines. ...... 4 Peerless Motor Car. Penick & Ford (1) Penney (J C) (2.40).. 2 Penn Coal & Ci . Penn Dixie Cement. Penn Dixie Cmt pf. Penna Raflroad (2).. Peoples Gas, Chi (8). Petrol Corp of Am. Phelps Dodze Co. Phila & Read C &I, Phillips Petroleum Plerce Arrow pf (6 4 Plerce Oil pf...... ierce Petroleum. lisbury Flour (2) Pir (A) (m3.13) Pitts Steel pf. Pitts United pf. Poor & Co (B) Prairie Oil & G Prairte Pipe Lin Proct & Gamb (2 Producers & Refin. .. Prod & Refiners pf. . Publi Public Pub Sve G&E pf (5). Pullman Corp (3)... 11 Punta Alegre Sugar. 3% PureOil. ... 50 Pure Ofl pt (3) 10 Purity Bake 51 Radio Corp. Radio Corp p! Radio Corp pf B.. Radio-Keith-Orph Raybes-Manhat (1).. Real Silk Hosfery... Remington-Rand. Reo Motor Car. Republic Steel 813 Republic Steel pt Revere Copper (A).. rnolds Met P (a1.06). Richfield Oil. .. Rio Grande Oil. Ritter Dent Mfg.... Rossia Ins of Amer. Royal Dutch of N feway Stores (5).. 31 feway Strs pf (6). 110s feway Strs pf (7). 40s Savage Arm. . Seaboard Air Line aboard Oi) Seagrave Corp - Sears Roebuck (2%) Servel Inc. 2 Sharon Ste . Sharp & Dohme. . Shattuck (F G) (1) Shell Union Oil. Shell Union Oil pf... Simmons Co Simms Petroleum. .. Skelly Ofl.... . Skelly Oil pf ww.... Socony-Vacuum (1). 53 Solv Am pf ww(5%) 3 South Port Rico Sug. 3 Sou P Rico Sug pf(8) 150s Southn Cal Ed (2) 1 Southern Pacific. Southern Railway Southern Railway p! Sparks-Withington. . Spencer Kellog(60c) . Spicer Mfg . and Brands - nd Com Tobacco. Stand Gas&El (3% Stand Gas&El pf ( % Stand Invest Corp. 2215 Stand Ofl Calif (2).. 84% Stand Oil Exp pf (5). Add 00. High. Low. Close. Chge. Net. | ~Prev.1932 St High. Low. 15 31 25% Stand O - % =l | 15% 15 1 1 104% 1 0814 108% i 2814 Studebaker Co(1.20) . Studeba Sun Ol 3 Sun Oil 17 The Fals Third A’ Third Ni Thompson Products. Tide Water Asso Oil. Tide Water As pf(6). Timken Transamerica Corp. . Transue & Willlams. Tri-Contl Corp. .. Tri-Contl C Trico P Truax Traer Truscon Steel Ulen & Co. 14'3 Und-El Un Carb & Carb (2).. Un Ol of Calif(1.48) Union Pacific (10)... % Unit Al Unit Al Unit Am Bosch. Unit B Unit Bi Un!t Ca Unit Cigar Stores. Unit Cos Unit Cor Unit Electric Co: Unit Fri Unit Gas&Im(120).. Unit Pice Dye W(1). U'S Gypsum (2 USGyy U S Ind U S Leather........ U S Plpe & Fdry (2). U S Realty & Imp. U S Rubber. ... U S Rubber 1st pf... U S Smtg & Ref (1).. U S Smtg&Ref pf 314 U S Steel (2)... U S Steel pf (7). United Stores (A) United Stores pf (4). 5 Univ Pi 313 Util Pwr & Lt (A) s Vadsco 187 % 19% Vulcan Wabash R R.... Wabash R R (A). Waldor: Warn Bros Pictures. Warner Quinlan Warren Bros. . Wesson West Pa Elec A (7). West Pa El pf (6)... West Pa Bl pf (7)... West Pa Pwr pf (T Western Dairy (A).. Western Dairy (B).. Western Maryland. . 3 Western Md 2d pf..., B Western Pacific pf 5 Western Union (4).. 17 Westing’se Air B(1). Westinghouse (1)... Westinghse 1st (3%) 130s Weston Weston White Motor. . . White Sewing Mach White Sewing M pf Wilcox Willys- Willys- Wilson Wilson 45% 23% 57 44% 10% 84 5 2% Yellow 174 12% Ygstwn Sheet&Tube. % Zenlth Radio. ...oer 1 6% Zonite Prod Corp (1) 7 Sales of Stocks on New York Exchange. 10:30 AM. .. 1% o 1:30 P.M. iden: Divide: given 1n payments based on the latest *Ex-dividend. & extra. 3Plus 4% ¢ Payable _in cash + 1| stock. " Plus 81 in 89% 881 8813 —144 | Tace an 13 508 2 5 1 19 13. br 184 11 - ke: o 3 moGostmn avnsrvionlanSonvacomon 108 49 o o i 25 10 R G i 09 03 g e PO 1O 10 W 0 ||+LIIIII $Frefrcics + H crooked breasts, Washington Produce Butter—One-pound prints, 27; tub, 26 Eggs—Hennery, 14; current receipts, Poultry, alive-—Old toms, 15a18; young toms, 22; hens, 23a26; crooked easts, 18; Spring broilers, 115 to 3!, pounds, 24a26; Leghorn broilers, 20a22; | Winter chickens, 18a20; stags, 12; hens, | fruit, large, 14a16; medium, 14a16; Leghorn | 175a2.00 hens, 0 small; keats, young, 45a50; old, 25a30. 13al4; 20a23; capons, slips, 18; large, roosters, 24a26; 10; Poultry, dressed—Turkeys, old toms, a2l; young toms, 25; hens, 26a29; 23; Spring broilers, : to 3': pounds, 27a20; Leghorn broilers, 23a24; Winter chickens, 21a23; stags, 15; 17a1§; hens, medium, 17a19; Leghorn 4550 "limas, 6.0 ens, small, 23a26: slips, 21; roosters, 13: roosters, 13: hens, large, 16al7; capons, large, 27a29; ats, young, 60a70; old. 30a40. Meats — Beef, prime, Market Averages. By the Associated Press. STOCKS. 8 Yesterday Previous day * New 1932 low BONDS. 2 20 Indus, Rails Yesterday ... 662 60.1 Previous day ©SaSaa555. 333233323333 Bmwaasomnae W (1930). .8 (Copyright, 1932, Standard Statistics Co.) Organized 1879 Equitable Co-Operative Bldg. Ass’'n JOHN JOY EDSON, President Assets...............$6,124,601.00 Subscriptions for the 102nd Issue of Stock Being Received It’s not earn, but I Equitable of systemati that has h sands to fi dependence. using it? save that counts, Dividend Rate. % Sterling Secur (A).. Sterling Secur cv pf. Tennessee Corp. Texas Co (1).. Tax Gul Sulphur. (3). Tex Pacific Coal&Oil. Tex Pacific Land Tr Thatcher Mfg Co.... Thatcher Mfg pf 3.60 11'a Vanadium Corp. .. .. 2 2313 Va Car Chem 7% pf. Woolworth (2.40)... Worthington Pump. . Wrigley (Wm) (4).. e & Towne (1) stocl Ted. m Paid ‘last_syear—no regular rate. n Plus FENANGIAE. STOCKS IRREGULAR ~ IN NARROW TREND Covering Operations Result in Gains, but Some Groups Are Depressed. ock and IINJ (12)... 17 15 ker pf 3808 a) 2 »f( BY GEORGE T. HUGHES. Spectal Dispatch to The Star. . NEW YORK, April 1.—Stocks al- ternately rallied and reacted in today's market, after yesterday's sharp decline. Fluctuations were confined to narrow limits, however. Traders were even more nervous than the tape showed, and no_effective trend was established. During the first two hours of business, taking the list as a whole, the market ranged higher. Pressure continued against special issues, and a long list of new lows was registered, but.there | was enough covering to bring the av- | erages up. The situation as to the supply of | stocks for loaning was not clarified. Many brokers had not yet received an- swers from their customers for permis- sion to extend accommodation to the shorts, high premiums were charged to the_borrowers, and yet there was no large-scale covering. The stock that seemed to be in least supply was United States Steel common, which condition was reflected in the steadiness of the price a point or more above yesterday's close. The morning recovery accounted for gains of a fraction to a point or two | in American Telephone, Allied Chemi- cal, American Can, United States Steel preferred, New York Central and a handful of cther stocks. The fresh | pressure was exerted azainst utilities, motors, some of the rails and a few specialties. Stocks of two large utility holding companies, North American and Standard Gas, were weak and made new lows. People’s Gas of Chicago broke through its old resistance point on moderate volume. Motors were unfavorably affected by the price cutting in the popular-priced field as well as yesterday's collapse in Auburn. Auburn stcck extended its loss today, down over 4 points during the morning. General Motors and Stude- baker made new lows and so did Du Pont, which has so large an interest in General Motors. The rails were not as active as yes- terday. Atchison, the decline in which unsettled this group Thursday, steadied slightly above its low, but Southern Pacific and Northern Pacific yielded again. Neither with regard to the utilities nor the rails was there any fresh news. In both sections it was lack of buying power rather than liqui- dation which was the reason for the heaviness. Other features in the first half of 508 the session included strength in Ameri- 508 105 ®an Woolen preferred and celling in 1 1 1 Eastman Kodak. 3 = Chocolate vending machines have be, come so popular in British trains that m;:;e are_being installed on nearly all r pf (7). venue. . at Inv (1.05). Roller B(2). roduc I-Fisher (2). reraft....... reraft pf (3). scuit (2) scuit pt (7)., rbon.... rp (40c) rp pf (3) uit (3) psum pf ( us Alcohol pe & Rad. . Sales Corp. D'tinning (2) 80: f Sys (1%).. Oil&Sn (1).. 9 408 308 24 141 Elec Instru. Elec (A) (2). Oil & Gas. Overland Overland pt. &Co (A) & Co pt. Invest in First Mortgage Notes Secured on Individual Homes An investment mediam that , has passed every test. Pro- tected by fire insurance and title guaranteed by financially: responsible title company. Truek... 300,000 12:00 Noon. 1,000,000 2:10 P.M.. Denominations of 3100 AND MORE Unit of tr special’ prefer; | | veal, top, 14; good, 12; lamb, top, 18; !'good, 16; pork loins, 13; fresh hams, | 15; smoked hams, 7, strip bacon, 17; lard. 7!;; compound, 7. Live stock—Hogs, light and medium, 25a4.50; heavy, 4.00a4.25; pigs, 4.00a 4.50; roughs, 2.00a3.5f calves, 6.50; lambs, 4.00a7.50. Fruits — Strawberries, pints, quarts, 5, apples, bushel baskets, 75a1.25; fancy box stock, 1.50a2.50; oranges, 2.50a3.50; bushel baskets, 1.50a2.50; lemons, 4.00a4.50; grape- 2.25a3.00; honeydews, Chile, pears, 3.50a4.50; alligator | pears, 3.00; pineapples, 4.25; bananas, 1.00a2.00; limes, per 100, 2.00; rhubarb, hothouse, 75a85; plums, 1.50a2.00; nec- tarines, 2.50; cranberries, 4.50. Vegetables—Potatoes, Maine, 100- | pound sacks, 1.25a1.40; New York, 1.15; Idaho bakers, 2.25a2.50; new, bushel, 75a2.00; seed, 150-pound sacks, I.75a 5; sweets, 75a1.00; string beans, 5.00 spinach, Texas, 1.00a 3 kal, 40a60; cabbage, 2.00a2.10. celery, 2.50a3.50; eggplant, 3.00a3.50 peppers, 3.50a4.00; cucumbers, Florid: 14; good, 13; | paskets, 4.00a5.00; turnips, crates, 3.00a | 3.50; beets, 2.75a3.00; carrots, 3.50a 4.00; home-grown, bushel, 2.00; matoes, 6 pans, originals, 2.50a3.00; re- packs, 3 pans, 2.25a2.50; mushrooms, 85a1.00: peas, California, 'crates, 5.00a 5.50; Florida, baskets, 3.00a3.50; squash, 3.50; lettuce, Iceberg, 2.25a2.50; asparagus, California, dozen bunches, 4.00a8.00 SILVER QUOTATIONS. | NEW YORK, April 1 (#) (Noon)— Silver futures quiet. Sales, 50,000 ounces. May. 29.90, bid: bid: September, 30.70, bid: October, 30.90, bid; December, 31.26, bid. U. S. TREASURY BALANCE. By the Associated Press. Treasury recipts for March 30 were $105,845,347.73; expenditures, $109,- 783,824.58; balance, $672,668,965.77. Customs duties for 30 days of March were $22,681,844.46. 2,400 to Resume Work. NEW YORK, April 1 (#).—Approxi- mately 2,400 men will return to work L 52nd YEAR COMPLETED WALTER S. PRATT, Jr., Secretary what you what you The a plan savings elped thou- inancial in- Are you 915 F St. 4.00a | 23; | July, 3015, | on April 4 at the locomotive and car | departments of the New York Central Railroad at West Albany. @ENON LUCHS] 1435 K St. N.W. NA, 2345. Those Loafing Dollars May Be Made to Work Produc- ing a High Return Com- mensurate with Safety BUY OUR FIRST MORTGAGE NOTES COLUMBIA BUILDING ASSOCIATION PAYS | Securcd on new brick homes | 5% | New Accounts Solicited in preferred morthwest resi- dential sections. Every mort- gage protected by fire snsur- ance and title guaranteed by responsible title companies. No Commissions ;: Charged for Loans Open Until 5:30 Government Pay Days 716 11th St. N.W. Under Government Supervision Conservative Appraisals Insur- ing Absolute Safety IN DENOMINATIONS $250 and upwards BOSS & PHELPS 1417 K 8t. Realtors. NAtional 9300 orF | MORTGAGES | FTRS T GUARDING YOUR SURPLUS FUNDS Men strive hard to make money—and subject themselves to many present privations in order to accumulate some- thing for the future. And yet it is a common weakness to jeopardize these savings in the making of unwise invest- ments. Our 61,9, FIRST MORTGAGES offer protected investment—with this liberal earning. The security is in con- servatively appraised improved Wash- ington real estate—and no form of security is more dependable than real estate in the National Capital. Our 6%% First Mortgages may be purchased in amounts from $250 up—and upon a convenient Partial Payment plan if you so desire, B. F. SAUL CO; National 2100 925 15th St. N.W. ver a Third of a Century Without a Loss