Evening Star Newspaper, April 2, 1932, Page 14

;14 i FINANCIAL. THE EVENING STAR, WASHINGTON, D. C., SATURDAY, APRIL 2. 1932 FINANCIAL. CREDIT BODY WILL TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE | STOCKPRICESSING 8 9 94 — iy 24 18 Abraham&Straus1% MR T T R 614 Praire Pipe Lin Steel Car 1% 5% 3% Adams Express 17 % 11 Gamewell Co (1). 208 N 3014 Union Pactfic (10) 3% 2% Adv Rumley, g 3% 2% Gen Am Investors o | iyl s LY um 90,000,000 I e < 484 Public Sve NJ (3.40) n Tank Car (1. s of $190,000, Already ;g:: bt :{El;{‘:::‘dw‘;lr::i‘t:?fi) 9% 47 % 216G e Am TAnk Car(8) 1; 15% Pullman Corp (3)... Unit Afreraft. . 101 Gen Asphalt (1) % 15 Punta Alegre Sugar Unit Aircraft pf (3).. 2 K irway E! ... . &1 I Allowed 1,200 Banks in | 18 1% Aliees Fomean ttocs Y e : : i i Pareon i . 8% 1% Alleghany Corp..... Boe Gen Cable (A) 10 Purity Baker! [ Relief Move. 21 Alleg Cp pf 330 ww en Cable pf. 208 5\. 2% Alleg Pp' $20 xw Gen Cigar (4) 1 Radio Corp pf A 33 . 2 1 Unit Dyewood ——— e A Ameachamien ( Gen Cigar pt (7 1008 Radio Corp pf B..... 1 ; 3053 20 Unit Fruit (3) 119 108 Allied Chem pf (7).. P en Elec (1) 234 16% 17 Radio-Keith-Or, 7 BY GEORGE T. HUGHES. v S : 8 A tadio- -Orph. 3 Unit Gas&Im(1.20).. 3 BY EDWARD C. STONE. 13% 9% Allis-Chalmers(50c) 9 . 4 4 Manhat (1) - \ » K Unit Pice Dye W(1). Special Dispatch to The Star. en Elec spec (60c) The National Credit Corporation, in el U'S & For Sec pf(6). NEW YORK, April 2.—Liquidation Am Agrf Chem (Del) en Food Corp (3)... 36 ] ee) i 4« Am Agri Chem(Del). Gen G&E A (b6 % stk) ding Ry 24 p! 2 J 8 G (2.60).. e T a s T o ading Ry 2d pf 1 2 :}s lnyd‘:x’::‘lcohol. poured into the stock market today Un Carb & Carb (2) - Losses Not Large, but Re- newal of Selling Pressure Hits Market. % Unit Corp (40c) Radio Corp. 3 Unit Corp pt (3) rs J‘f}‘{‘f‘ s 8 2 n Mills (3) 6 83 g 3 2 nington-Rand. gold notes, does not intend to liquidate | 15% 11% Am Br Shoe (1.60). : 1 Gen Motors (2 § 5 and abandon its operations. The cor- poration continues to make loans, al- | though the demand upon it is not so great as formerly, due to the formation of the Reconstruction Finance Corpora- tion and the enactment of the Glass- Bteagall bill. It is even probable that | additional redemptions of the corpora- tion's gold notes may take place. Formed last October, the National Credit Corporation has accomplished much in relieving a situation among | certain banks which otherwise might e resulted in serious disturbences. The total of its loans, according to reports from New York headquarters, has approximated $190,000,000, with grants to about 1,200 institutions in the United States. Its operations currently may be considered as supplementary to the more extensive activity of the Reconstruction Finance Corporation. organized in February to render assistance to financial tions, commerce, industry and agricul- ture. The Glass-Steagall law, enacted on March 3, permits emergency libera of the Federal Reserve a tain assets of banks and trust companics heretofore not eligible may be redis- counted at the Federal Reserve banks. The subscriptions to the gold notes of the National Credit Corporation ap- proximated $450,000.000, on which calls were issued for 30 per cent, or about $135,000,000. It will be recalled that the Washing- ton unit organized and raised its quota quicker than any other unit in the United States. The units in Virginia, Maryland and other States in the Fifth Reserve District have also done their 1ull share in meeting the emergency, Suggests Depression Cures. In suggesting ways to end the na- tional depression, a Washington mer- chant asks these two Guestions “1. To relieve depression would it not be advisable for our manufacturers, such as Ford, General Motors, General Elec- tric, International Silver and many others that have branches in Canada, England, France and Germany. to close their branches in these countries so as to give employment to the working men here. By creating employment here it would relieve depression and it would B4ls Am Can Co (15) 117% Am Can Co pf (7) 6 Am Car & Foundry.. 25 Am Car & Fdy pf (7) 29 Am Chicle (13). 6% Am Comecl Alcohol. . 5% Am European Seeur. 4 Am& Forgn Pwr.... 15 Am&Forzn Pw(8)pt. 15% Am&Forgn Pw(?)pf. 7% Am & For Pwr 2d pt. 417% Am Home Prod 4.20.. 12 Amlce (2)..... ot 5 Am International.. 5% Am Locomotive. . 3014 Am Locomot p£(7).. 171x Am Mch & Fdy 1.40 Am Mach & Metal 8% Am Pwr& Lt (31). 31 Am Pwr& Lt pf (6). 26% AmMP & Ltof A (5).. 21% Am 2 Am Seating. .. s It & Rfe(50c) Rfg pf (T). oundry. . . Am Steel Fdry pf(7). « Am Stores (123§)... Am Snszar lacco B (16). % Amer Type FArs pe. 4% Am Warer Wks (3). 1 Am Wat Wks efs(3), Wat W 1st pf(6). Am Woolen vie new 4 Am Woolen Co pf. 2 Am Zine & Lead 5% Anaconda Copper. 13 Anchor Cap (2.40) 70 A 9 82 Armour of Del pf(7). 1 ArmcurofIll (A)... %4 Armour of 111 (B) 6% Arm Artlo 4'3 Asso Dry Goods. ..., 62 Atch To & San Fe(§) 18 AtlCoast L 8% Atlantic Refl 16 Atlas Powder $5 Auburn Auto (f4)... 14% Austin Nich pf A 1% s Aviation Corp (Del). % Baldwin Locomotive Baitimore & Ohio. Balto & Ohin pf Bangor&Arostk (2) Bang & Aroos pf (7). Barnsdall Corp. . Gen Motors pf (5). Gen Outdoor Adv. .. Gen Outdoor Adv (A) Gen Public Service. . Stgnal (3). Gen Ry Signal pf (6) Gen Realty & Util. .. Gen Realty & Util pt. Gen Theater Equip.. Gilletta Stf Ras(1).. Gilletts Saf R pf(5). Glidden Co. Gold Dust (1 Goodrich (BF). Gondrich (BF) pf. Goodyear Tire&Rub. Toodyear 1st pf (7). Gotham Silk Hosiery Graham-Palge . ranhy Consol Cop Grand Union pf (3) Granite City St (3).. Grant (WT) (1).... Great Northern pf(2) Great North Ore(2). « Great Wn Sug pf(7). Hayes Body Corp. ... Helme (GW) (17). Hershey Choe (6) Hershey Choe pf 15.. Holland Furnace (1), Hollander Sons. ... Homestake M Houdaille Hershey. Houston Ofl - Houston Ofl (new) wu: * Howe Sound (1)..ewt Hudson Motor Car... 2% Hupp Motor: . 9% Illinois ntral. Ind Motor Cycle Indust Rayon (4) Ingersoll Rand (3). Inspiration Copper. . Ins Shs(Del)a62 e, Interboro Rap Trans Interiake Iron. . . int Bus Machine(né) Int Carriers(a22ie) Int Cement (2).. Int Combustion Int Combustion pi Int Harvester (1.80). Int Harvester pf (7). Int Hydro E1 A (e2). Int Match pfd. . irt Nickel of Can [ - ) AR D RBDAD e E AP 2 -8 RIS - ) FiEr & t+iti++t RS Rem Rand 1st pf Rem Rand 2d pf Reo Motor Car. Republic Steel. Repubiic Steel pf Reynolds Tob A (3). Reynoids Tob B (3) .. 6 Ritter Dent Mfg. 3% Rossia Ins of Ame: 2 13% Royal Dutch of NY.. 18 39 Safeway Stores (5).. 18 764 Safeway Strs pf (7). 190s 6% St Joseph Lead(80c). 1 St L-San Francisco.. .6 St L-San Fran pf. . Seaboard O & Sears Roebuck (2%) Servel Inc. haron Steel Hoop. ttuck (F G) (1) hell Union Oil Stmmons Co Simms Petro! Socony-Vacuum (1), South Port Rico Sug. Southn Cal Ed (2). outhern Pacific. buthern Raflway. .. So Ry M & O ctfs (4) 4 Sparks-Withington. . % Stand Invest Corp. Stand O1] Calif (2).. Stand Ol N J (12)... Sterling Secur (A).. Sterling Stewart Warner..... 9% Stone & Webster (1). 513 Studebaker Co(1.20). 95 Studebaker pt (7)... 11 Superheater Corp (1 4'% Superior Steel. . 1% Tennessee Corp. 10 Texas Co (1)....... 20'% Tex Gul Sulphur (3). 4'3 Tex Pacific Land Tr. 13 Third Nat Inv (1.05). 8% Thomp 5% Thomp: 21 Tide Water Asso Oil. 20 Tide Water As pf(6) 30 Tide Wat Ofl pf (5 4 Timken-Detroit Axle 15% Timken Roller B( 2!y Transameric 215 Tri-Contl Corp. . 25% Trico Products(21). U S Leather. . US Leather (A U S Leath pr pf (T) U S Pipe & Fdry (2). U S Pipe&Fy 1t 1.20 U S Realty & Imp. . U S Rubber. ... U S Rubber 1st pt U S Smtg & Ref (1).. U S Steel (2)... U S Steel pf (7) United Stores pf (4). Univ Pic 1st pf (8). 31 Util Pwr & Lt (A) anadium Corp. a-Car Chem 67 pf. 834 Va Elec&Pw pf (6).. 19% Vulcan D'tinning (2) Wavash R R. .. Waldorf Sys (1%4) .. Ward Baking pf (7). ‘Warn Bros Pictures. Warren Bros....... Warren Found & P. . Wesson Ol1&Sn (1) West Pa Ei pf () West Pa West Pa Pwr pf (6). West Pa Pwr pf (7). Western Iairy (B).. Western Mar Western Md Western Pacific. ..., Western Facific pf.. Western Unfon (4)., Westing'se Alr B(1). White Rock (4) . White Sewing Mach. Wilcox Oil & Gas. . Willys-Overland. Wilson & Co (A). Woolworth (2.40) Worthington Pump. Worth Pump (B). ... Wright Aeronautical 44% Wriglay (Wm) (4). '« Yellow Truck. 20 Yellow Truck pf 7 Young Spring&W 1) » 6% Zonite Prod Corp (1) and carried the averages into new low ground for the long bear movement. Except in a few instances losses were not large. They were impressive only because they came on top of th previous decline. The price level & now so low that it does not take much of a drop to distress holders. Railroad stocks made the worst showing and next to them the utilities The reasons therefor are well known Opposition to the present program of Government relief to the carriers, 8 lower estimate of car loadings for the second quarter and dividend uncertain. are enough to account for the weak. ness in the rails. The utilities wert | afflicted by the probability that when the tax bill goes to the Senate they 1% will be made the object of new imposts 41 | Industrials went off for various reasons *| but overhanging everything else was thy general discouragement. _ s |, Among the numerous new lows Ir the railway group were such representa. _ ;| tive stocks as New York Central, whick 11‘ sold at the lowest in the history of thy l’ road; Baltimore & Ohio, under $12 *|share; Southern Pacifiz, under $16; Union Pecific and Atchison. Only_twe issues held above $100 per share—Nor. folk & Western and New York & Har. lem—and they also made new lows. Utility stocks under pressure include¢ North American Co.. Standard Gas & Electric, which dropped over 2 points and Columbia Gas. American Tele phone & Telegraph was turned over iz large volume, but without much prict | chang All of these stocks made somi recovery before the close, and that wa | true. but in less degree, of the rails. ‘The automobile stocks were not mucl | neipet by the assressive suics cans 13 24 | paign now in progress. Traders seeme¢ 20 - 2 “|to think that competition would be tot 5 - 3, Severe to admit of satisfactory profit 41 3y |°ven at today's standards. Genera * Motors dropped under 15, Nash undei 13 and Auburn was down at one timy nearly 4 points. Selling around 6! today the price of Auburn compare¢ with 295'; in April, 1931, “ United States Steel common sol¢ Dividend rates as given in th Fased 01 the ates: wuarterly or Balf-searly declafations | fractionally under the low of the move. 8 Unit of trading less than 100 shares t Parthy | ment, but Steel preferred advanced. Nt in stork aPaid this year—ne "fi:.': ’r;": | one seriously believed there is any dan. caskh or stock 1 P ger to the preferred dividend, although 3 in n’o‘e;"' »Plus it is expected that disbursements or Steel common will be omitted at the next meeting. At few stocks met good support, bu) they were mostly overlooked in thy | ganeral weakness. Woolworth madi stout resistance and so did Americag | Woolen preferred. Alaska Juneau ad- RAILROAD SECURITY Special Dispatch to The Star. ‘ vanced against the trend of many oth. also benefit the manufeciurer as well, Bextrice Cream (4) Int Paper & l"mr (A) because when a man hess employment Belding-Hemingway Int Paper & T’wr (B) he will buy an automobiie and build a Bendix Ava (60c) 3 N Int Paper & Pwr pf... home, which would change the present Best & Co (2).. 3 ¥ Shoe (3).. . condition to a great extent Bethlehem Stesl Int u~|em'r»»1u:g LIST AT NEw Lows “2. To have reciprocily treaty with Bethlehem Stl pf (7) 11 313 Interstate Dept St. St e e Canada, Germany, England and France Blaw Knox (50¢).... “25% 14% Johns-Manville, ... e —OH s rl; - Pflm»ém -mu-p - | —_— | BALTIMORE, Md. April 2.—White S had only fractional losses. =i e 2:‘{‘;9:1(";"'2&?H" 9 9: i ’:71 32’&& L::mrrfpm 14. Steady Decline in Stocks and Bonds Potatoes, per 100 pounds, 75al.15; e oeul comkers s posting plane for | 124 1 Bore Warner (1. : e . T : sveet potatoes, bushel, 3a60; vams, VIRGINIA PLANS APPEAL Local bankers are pushing plans for Boston & Malne 2 3 7 Kayser ())&Co (1).. 5 h ry, al S, : Has Persisted Throughaut removal of their headquarters into the 9 g barrel, 1.00a1.75; beans, bushel, 4.00a Sriggs MIg (1). ... young toms, 22; hens, 23a26; crooked 3 [ Bond Building, at New York avenue and Brizgs&Stratton(1). bressts, 18; Spring brolers, 1% to 3% March. 6.00; beets, crate, 2.75a3.00; cabbage, IN ASSESSMENT CASE Fourteenth street northwest. As the Bklyn-Man Tran (4). unds, 24a26; Leghorn broilers, 20a22; | hamper, 1.25a2.25: carrots, bushel, 2 new and larger headquarters will also | 36 Brown 531 o LT e T staai e —— caulifiower, crate, 150a1.75; celery, | Special Dispatch to The Star. be the home of Washington Chapter, Brow inter chickens, 18a20; stags, 12; hens, | gy tne Assoctated Press. crate, 3.00a4.25; kale, bushel, 25a5 RICHMOND, Va., April 2.—Virginit & Kennecott Copper. A 3 in the preliminary arrangements. : ; 1 Krence (S8) (1eb - 21 13y 13w 11 small; 50825, Snper in: “Fomters 101 ofySorts t0 40 something for the fall-| rate, 2.5003:25; onions, per 100 bunches, | M St QUSE° Juien Gunn of U At the request of Pr‘esxd:m C.i}L ! :::1;1(:! \} 1‘\‘"1 : BT keats, young, 45350 old, 25a30. roads, ir securitles have once more | 7541 09; oyster plants, 100, 6.00a8.00: | roneous and invalid” an assessment & e Aver 6 Boiey o e 2" Bulova Wateh ’ 2" < H) Co (§1). Poultry, dressed—Turkeys, old toms. Plunged into new low levels for the| peppers crate 2.00a4.00: spinach, | $37.701 made by the State Corporatiot + = s ~ 4 9ty iy Krevger & Toll...... 18a21; young toms. 25; hens, 26a29; 2'.-year slump, and most of them have hel, 1.0 x | Commission in 1930 against the Appala stitute and Richard A. Norris, who will Burroughs Ad 28 a i L w ked breasts, 23; Spring brofler: Dushel, 1.00a1.35: squash, bushel, 1.50s | chian Electric Power Co, on bonds de be president next year, have already in- Bush Terminal(2%). . 18% 12% Kroger Grocery (1). {iooked preasts, 23: Spring broflers. | pjumbed depths not explored in more| 3 9. tomatoes, crate, 50a2.00; turnips, | posited and held outside of the State o dicated on blueprints how the class Bush Term deb (7).. 2 2 41% Lambert Co (8) 3 M 11; to 3!; pounds, 27a29; Loghg,rn than a generation. -49; ton 3 ) .00; ps, | pos 132 4 o1 g e : Sonp % e 2 LesR : Tir 2 2 2 3 . . s, 2la2 Early in the year, the acceptance of . : . ., 90a1.75; | - : room space should be divided in order Butte Copper & Zinc. . Lee Rubber & Ti . 2 broilers, 2_332‘ Winter chickens, 2la. y P! hamper. 25a40 spples. bushel, 90a1.7 g}i{g‘ihb o cogcemm ‘Of the m best to serve the banking students. % Butte & Superior. s Leh Port Cement.... 5 3 Stags, 15 roosters, 13. hens. laTge. | of 5 10 per cent wage reduction by the | Srapefruit. box. 150a300; oranges, box, e o oy, . Phes e F. P. H. Siddons, secretary of the| 19 1015 Leh Port Cmt pf (7). 17a19; hens, medium, 17a19: Leghorn | rajlway brotherhoods and the formation | 2.7984.50; strawberries, quart, 10a35. o bt said that if this de- on, flered many sugges- = - : Lehman Corp (2.40). hens, 16al7; capons, large, 27a29: | of the Reconstruction Finance Corpora- | | airman Peery association, has of d y SUgg: 11 California Packin, Dairy Markets. cision stood none of the bonds of othet tions and George O. Vass, who has de- IS SR SO0 Lehn & Fink (3).... 3 “ small, 23a26; slips, 21; roosters, 13:|tion with the understanding that one { fsely held wi be sub veloped great strength as a golfer, has| .4, 2 Calumet & Heela. Licg & Myers B (16) 2 keats, young, 60a70; old. 30a40. of its primary purposes would be to| Chickens. young. 22a25: Leghorns, 20 companies similarly held would be sul agreed to do any of the heavy lifung| 15 10 CaradaDry (1L20).- ; AN % Limi Lovomotive. .. Meats — Beel, prime, 14: 800d. 13; | Drevent tainvay tocehrhine 4 moucs | 822; old hens, 1817; Leghorns. old, 33| et to taxation, and that this was a1 « Canadia c1%. ; : | Washington Produce Baltimore Markets Kelsey-Hayes Wheel Kelvinator Corp. Kendall Co pf (6) - utd veal, top, 14; gcod, 12; lamb, top, 18; T a34: roosters. 10al2; ducks, 12a22;|important matter to the State. Thy that may prove too much for the others. 261 Case (J 1) Co 412 Liguid Carbonic (2). Fe IE, purkx e o iy ‘l)'lams, toé:&sllst;‘:nl;‘:: m:‘;léfll rr:lruz\;x‘l’ s::c‘:xr‘:‘z‘l?s pigeons, pair, 20a35, | court ordered that the State return thi 15; smoked hams, 7; strip bacon, 17. | _both stocks and bonds—began a| E@8s—Receipts, 1145 cases: current |$37.701 to the company. lard. 7i2: compound, 7 | steady decline, which became rather | TeCeiDts. 14%a15; duck eggs, 14a18. | Judge Gunn, in his order, stated tha Live stock—Hogs, light and medium, | precipitant this week. The beginning | , Butter—Good and fancy, creamery. | the bonds were “at all times during thy offices of the District Bankers' Asso- - : Lorillard (P) pf (1). 9 4.25a450; heavy, 4.00a4.25; pigs, 4.00a | of April finds these securities, long the | 21324: ladles. 15a16; process, 19a20: | taxable year 1930 deposited and hel¢ clation and the Credit Bureau will be Cotrinicet Tiod ] H o2 Lou Gas&El1 A (1%). 450; . 2.00: calves, 4.00a Nation's primary investment medium, |Store packed, 12a13 Iflu‘;lda e \;lv’\;:rzmx:' undet anculnrly well Jocated. The change m‘"&m,m (2%) 1715 Louisville & Nash(4) 6.50; lambs, 4.00a7.5 ,in new low ground. | —_— im pursuan e provisions of a cer. | . % Li Steel, Fruits — Strawberries, pints, 23 | | = | tain mortgage and deed of trust dated R NS, Cexspsaks Chrphi. % Ludlim Steet 3 quarts, 45 apples, bushel baskets, | NEW YORK BANK STOCKS May 1. 1926, from Appalachian Elecirl 28l | S Urges More Investing Knowledge. 5 Chi Great West pf B 75a1.25; fancy box stock, 150a250; FINANCE CORPORATION ¥ o 3 Chi M1l StP & Pac... 13 McAnd & For (1.40). 2 2 4 7 S 4 . W. Jones. trustees, both of whom wer( Unguestionably one of the best pres. 25 Chi Mil StP & Pac pf. B0 McAn&Forbes pr(6), 108 oranges, 2.50a3.50; bushel baskets, LOANS BEING REPAID rofi’rfig ;?353 April 2 (P).—Over-the- | an"are non-residents of the State o | Mr. Vass was chairman of the commit- = =, 1 Loew's Tuc (14) tee which found the new headquarters e oo () ’ and believes they will meet all the needs kst 36% 207 Loose-Wiles (13) of both organizations, The executive| o 3¢ CelotexCo.-. 2 Lorillard (P) (1.20). s g&\l‘c”[‘;r‘:‘:"’!“ (:‘J;’““’"g{:h;:‘r‘: Ciil & Northwestern. 54 6 & 5% McGraw Hill Pub... 1 1502250 lemons. 4.00a4.50; grape- Virginia." south of the Rio Grande, “Latin Amer- L S e ool s Meicessport Rcol 20 ik v flr:ll;t og;zsfigrs, ah gg:zge?/s. aufi'fl‘&‘ T | BANES ifixfipgntlrfmm?’ k::-‘:xl‘;:‘;fbtugb\:m '3 Chi Rock ] & Pact! McKesson & Robbins % 030901-mrg§"fyll=§b *22“50-, b;flzhfl;- B! American history, and communicates an ChiR1& Pac 6% pf. McKesson & Rob's pf 3 y u‘ -00; ,}5“5;9 e 5032‘60‘_‘ :;c_ understanding of - present . conditions Chi R I & Pac 7% pf. McLellan Stores.... 3 Srilngd "fin‘gemes i X based on such a historical background Chrysler Corp (1)... McLellan St pf A(6). 508 4 2 tarines, e Pt ATl 108 = Special emphasis 15 Blaced upon the City Ice&Fuel (3.60). Mack Trucks (1). 13 Vegeta 1:.:_1 i l‘:‘;fi' N _alYne,k 113; | March have been repaid already | . TRUST COMPANIES. o | Ciotecs Toctints 100 this mosdh: i dots fundamenta! differences in psycholog p City Stores. .. Macy (R H) (n2). pound sacks, 1.25a Sl o | Banks and trust company borrowers |Bankers: (... . 33 32 | were $23.231.285.68. Total ordinary ex- = s Clark Equipment. Magma Copper(50¢c) . {daho bakers, 2.75a250: new. bushel| proved the best customers, the first| Brockii selover iis e g% racial inheritance, institutions, pol S g 5 1.7582.00; seed, 150-pound sacks, 1.75a L |g anover’ (47 134 penditures were $27,692,142.30, cal and economic procedure in South Coca Cola (18)...... Mallison & Co pf. ... - Weets, 75a1.00; strinig hesns, 500 quarterly report of the corporation cg'« Bllg-nk & Trust (1.80) 2 - <= — - American republics, as compared with Colgate-Pal-P (2%). Manhat Elev mod gtd 225; sweets, it hs s, %i0a | Showed. both from the standpoint of | St Bank & Trust (120)...... 1 our Anglo-Saxon conception of these Collins & Alkman. Manhat Shirt (§0c). 85,30; limas, 600;. Spinach, Texas, 1.002 | demand as well as from ability to repay. | Soroire i) = Sactors Colo & Sou 1st pf (4) 200, 2 2 9 5 1.25; kal". 40a60; cal page. 2.00a2.10: | In this group loans advanced during the | First National N. Y. (100 S I, % Columbia G 95 Marlin-Roc celery, 250a350; eggplant. 3.083.50: | period amounted to $125.417.141 ang re- | Guarants 120y * (1" genting a mass of statistical data w Col 3 Marshall Field & Co. peppers, 3.50a4.00; cucumbers, Florida, paymertis to the corporation totaled | Manufacturers' out dulling the interest of the reader.| % 6% Columb s Mathieson Alkili (2) baskets, 4.00a5.00: turnips, crates, 3.00 | 55249542, A PR psiurors His scholarly treatment of the finan- K Columbian Carl o 2 3 6 May Dept Story 2 15 514 3.50; beets, 2.75a3.00; carrots, 3.508| *Of the eight main groups acquiring|— —— cial part of the subjsct is inter ix Coml Credit (1)..... 2 8 E i 2% Miami Copper 2 4.00; home-grown, bushel, 2.00: t0-|ioans, only three have made repay- with anecdotes with a humoro: Comel Cred 151(61% ). s matoes, 6 pans, originals, 2.50a3.00: re- | ments, the report showed, the uthcrs‘ Bid. Asked. e Asocated Pres, - ‘\5’2;.‘,“;.‘,;3.‘%".“02".. @ ,gé . U.S. TREASURY BALANCE. pproximately 3.8 per cent of all Manhattan Co. (2)... ;285 Inited States Tre: balance loans advanced by the Reconstruction | National Cits (@) o e mdnsy . of busi: Finance Corporation up to the end of | Iness March 31 was $647.420,772.57 Secured by | Thomas J. Fisher & Company, Inc. vestors have exhibited $7.000,000 B. & O. Loan Approved. 1 at Air Transport. at Biscuit (2.80) MORTG Strs Nat Dist Prod (2)... at Distill pt (23%4) at Lead (5). Ll 01+ vith: z thi . Comel Cred pf B ( packs, 3 pans, 2.25a2.50; mushrooms, | being insurance companies, which re- - i“:?r‘“f‘ri:‘“‘,?,fi‘»‘i-tm’,"“?fu b Comel Inv Trust (2). 85a1.00; ;;;as.bgihénrgig-o crates, Sflfll;t turned $74,400 from a borrowed total of | First Mfll‘tllge F the Am Pl nvenar Comm Solv (60¢).... 3 2 2 A Moline Pow... 3 5.50; Florida, ets, a3.50: squash, | £6.635.920, and railroads, including re- Lowest Rates of Interest and Commission 1 S e chiand Bonth A1 Comwlth & Sou (30e) ; ; MSIP&SS Marie. .. 5 350; lettuce, Iceberg, 2.25a2.50; ceivers, which returned $1.147,952 of Washington, D. C. Teceives no return at the presen Comwith&s ' & asparagus, California, dozen bunches, | the total loans of $56,113,757. Re l E tate Hie feels sure North Amciicr bk Mo Kan & Texas pf.. 3 4.0028.00. The loans to banks and trust com- al Ls! ers, merchants and other 1nvestore il prpf 6. a1 Missouri Pacific. . 9 3 3 [ | panies included a total of $2,173.000 a send millions of dollars to that coun 2 61 Consol C pf (1), 2 3 Missour{ Pacific pf... 6 | advanced to aid in reorganization of Safe—Conservative s 1 L B g Sk i Mohawk Carpet. ... N York Collon liquidation of closed {bz?é(.; In addi- for 4 3 s m p! 3 Y Monsanto Chem 1% .. tion to an amount of $158,182,242 au- | iotnes S I v “s Montgomery Ward.. 59 ew | thorized to banks on March 31, the Fox Piaiss. ERSding s Ren Wm. H. Saunders Co. Consol Gas NY pf( Motor Meter G & El 1 | corporation said it had entered into nancing Completed perties. Ine. Consol Laundrie: Mullins Mfg... - 1D tch to The Star. a!r?(‘mz;r;u_ioolo make addmuna}: loans | l;fllnlnIEA.u-nllonfilznn le Rate Realtors Thierstate. Commerc . Consol O] Ce : : Munsingwear (1. pecial Dispa ) of $6.202,500 contingent on the per- eal Estate Mortga, | 1887 S a e, Conmt Contl Raking (5 Murray Corp NEW YORK. April 2—Fluctuations | formance of specified conditions in os g and || Established 185 1t $7,000.000 o, the Batimase 1o Contl Bakin S, on the Cotton Exchange were less ner- | parke: Guaranty Corp. , 1519 K of £7.000000 to the ore & OFio A0 canh s vous today and the list closed with a - 1610 K St. cm road by the Re iction Finance X onm loss of 4 to 8 points on the day. In : = 2 e et e Ay e S e e sympathy with weakness in securities| . Firmer Tone in Linen Prices. S Upott (he Bettiors & OBl “antl Motors. ... . and unfavorable news from dry g0ods| NEW YORK, April 2 (). — A Joan is without prejudice for the con- 5% Contl Oil (Del). quarters, scattered selling carried July | firmer tone to quotations in the linen, SAFE FIRST sideration of additional loans coversd ntl Shares : "8 31 Nat Dept to 6.27 at one time, but the market de- | chinaware and other import products [l ‘ in its app A for $35.000.000 “orn Products (3) veloped resistance on recessions. SPots | of English markets has followed the re- meet its fi ial requirements l,us‘) ‘orn Prod pf (7). were reduced 5 points to 6.25. (‘Pntmihal‘p advance in British pcundi year ; o Cotton range: ster] e nteate Commerce Com . , ; T A GOOD FINANCIAL to the re T of th Flor e o o Pwr & Lt (1) . 9 5 1 fo the receliers of the Florids Eus ‘ 1| NatIwr & Lt ; Sttower 111 : SOON! éfl MOVE Finance Corporation { iree y 5 i Oty 2 SeTNTy 9 May Central. . 2 8 Chicago & St L 2 Chl & St L pf. 2 e . & Harlem (5) 0 N H & Hartford NH&Hpf (1) NEW YORK, April z] (). —.;toc:s - s age firm of W. ihis 0., has re- Deere & Co pf (1.40). 3 8 3 i» N Y Ont & Western. heavy; rails touch new lows onds turned from a ch s to the Delaware & Hud (3). 6. N Y Shipbuilding. . irregular; rails continue decline. Curb Those Loafing Do"ars May ‘Wall Street section of New Delaware Lack & W Noranda M(m30c). h utilities soft. Foreign exchanges Silas H. Strawn ent of the 974 Detroit E orf & Westn (112) .. irreguiar; sterling weakens. _Cotton | Be Made to Work Produc- United States Chamber of Commerce, Devoe & Ray A (60c orth Am Aviation., 2 2 lower, Southern selling. easier stock | will address the Bond Club of New York Diamond Match (1). 8t the Bankers' Club in that city Diamond Mtch pf 1% Heard in Financial District. 13, Co Wade H. Cooper, president s idahy Pac c 4 “urtiss Wright It is always a good plan to make provision for the financial uncertain- ties of the future—and investment in our 6v2% FIRST MORTGAGES offers one of the best solutions how to provide a competency. Money so invested can come out of surplus income—and immediately er Hammer. ¥ v 13 Wright (A).. 5 Y Y Y Davison Ch al. . 2 3 3 d N market. Sugar lower: easier spot mar- | ing a High Return Com- Northern Pacific. .. o N sie seliug | 8 Northwest Tele (3).. 108 ket. Coffee lower; tra || mensurate with Safety April 12, 1 Dome Mines (1) - . Dresser Mfg A ( Norwalk Tire & Rub. 2 ——= [ BUY BALTIMORE ELECTRICITY 74 163 Ovis Blavaior % The COMMERCIAL | OURFIRST MORTGAGE o it begins its steady, unchanging re- NATIONAL BANK NOTES | F turn of 625 9. The security is repre- Drug Corp (4)...... Dupont de Nem (4) . 3 A SALES SHOW INCREASE| +2 aan Eustman o M o o Facin: Swriog 13 3508 | e : ‘ . S tan s s g . 14th and G Streets || Secured on new brick homes ithout a sented in conservatively appraised Banking in All of Its Phases ’ in preferred northwest resi- Loss improved Washington real estate. [ | Nor Amer(b10% stk) zf:g EBpecial Dispatch 1o The Star. ec Auto Lite (4) 92 1 3 Park U BALTIMORE, April 2.— Report of ‘ec Auto Lite pt(7). 108 e earnings of the Consolidated Gas, Elec-| 2 4 Electric Boat. .9 Pathe Exc tric Light & Power Co. of Baltimore Elec&Musical Instra 20 Patino Mine: for the first two months of this year lec Pwr & Lt (1) 53 4 Peerless Motor Car.. shows a continued increase in revenue Elec Pwr & Ltpf(6). 2 Penney (J C) (2.40) .. from electric sales. However, there Elec Pwr & Lt pf(1). Penn Dixie Cement, o was a decline in gas and steam sales, Endicott-Johnson(3) Penn Dixie Cmt pt. Packard Motor Car, tington-Schlld. .. Paramount Publi: dential sections. Every mort- May be purchased in amounts gage protected by fire snsur- from $250 up—and upon a con- ance and title guaranteed by & p x responsible title companies. venient Partial Payment Plan—if First Mortgages which was attributed to abnormally hl%h temperatures during January and February of this year. For the two months ended February 20, revenue from gas sales was $3,221,- 261.40, against $3.177.01594, last year. sales were $1613,41540 against Gas $1,827,808.75 last year. Steam sales were $1148316,62 against $163,220.47. Net come for the period was §$1,374.- 94147, compared with $1,505434.92 1ast year, and surplus after dividends %.. 8t $484,607.60, agninst $6: 154 Eng Pub Sve (1.40) .. 5% ErfeRR... - 7% Erle R R 1st pi 315 Eureka Vac (a2) 3% Falrbanks-Morse 11 Federal Screw Wks. . 3% Fed Water Service A 86 Fllene's Sons pf 6. 12 Firestone T&R (1). 413 First Natl Strs (2%) % Fisk Rubber % Fisk Rubber 1st pf. 7 Foster-Wheeler. [ % -w. 2% I.u:"fill o 10 Penna Rallroad (2).. Peoples Gas, Chi (8)., Petrol Corp of Am. Phelps Dodge Co. Phila Co new (6). Phils & Read C & PLillips Petroleum Pierce Arrow pf ( Plerce Oil pt. . Plerce Petroleum. Pillsbury Flour (2) Pitts Steel pf... Pitts United Corp Pltts & West Ve § for Sale 6% JAMES F. SHEA 643 Indiana Ave. N.W. Conservative Appraisals Insur- ing Absolute Safety IN DENOMINATIONS OF $250 and upwards BOSS & PHELPS 1417 K 8t. Realtors. NAtional 5300 you wish. B. F. SAUL CO. National 2100 925 15th St. N.'W. THERE IS NO SUYBSTITUTE FOR SAFETY