Evening Star Newspaper, April 6, 1932, Page 11

FINANCIAL RAIL BOND ISSUES, MAKE GOOD GAINS Other Groups Sell Off Sharply, However—U. S. Issues Little Changed. BY F. H. RICHARDSON. Special Dispatch to The Star. NEW YORK, April 6—Railroad bonds improved substantially today on further assurances {rom Washington that the relief expected from the Re- construction Finance Corporation would not be interfered with, but the rest of the domestic corporation list and almost the entire body of foreign dol- lar issues sold off sharply. United States Government issues were little changed. Trading was only moderately active. The market opened steady. The criti- cism that Secretary of the Treasury Mills made of the House revenue bill in his statement to the Senate was gratifying to the financial community and occasioned a much firmer tone in those bonds expected to benefit directly from the Government's relief measures. Weakness in stocks, however, caused fresh drops in industrial and utility bonds Union Pacific first 4s, of the highest investment type. sagged 3 points on the sale of about five bonds. Then it re- covered abruptly. This bond is not af- fected by developments at Washington, excepting possibly the desire of in- vestors 1o get into tax-exempt issues. The same could be said of the declines in such prime investment bonds as American Telephone 5s, New York Telephone 4',s. National Dairy Prod- ucts 5'4s, Atchison general 4s and the highly rated Government-guaranteed jssues of the Canadian National Rail- ways. Washin;torr Stogk Exchange. SALl Washington Gas 6s * Capital Traction C —$100 at 100. 10 at 18!, 10 at 1815, 10 at 18%, 20 at 18%, 10 at 18%. 10 at 181, 10 at 18!, 10 at 1814 4 at 1814, 4 at 181, Potomac Electric 5% % pfd—3 at 105. Mergenthaler Linotype—10 at 39'%, 5 at 394, 10 at 39% AFTER CALL. Washington Gas 6s “B"—$100 at 100%:. Washington Railway & Electric 4s— $1,000 at 81':, $1,000 at 81%3, $1,000 at 811, Gapital Traction Co.—30 at 18, 10 at 18. BONDS. Bid and Asked Prices. 7 ILITY. PUBLIC UT! g A Amer. Tel. & Tel 4'35 '39.... 10174 m. Tel. & Tel cil : nacostis & Fou a. o, Guar. Gipital Tagtion R/ R 5. ity & Suburban Ss... corgetown Gas 1st 58..... Botomac Elec. Cont, 3%« tomac_Elec. Wash.. Alex. & Mt. Vernon ctf. Washington Gas 4%2s... sshington Gas Ss”.. vash. Gos 65, series A. Wash. Gas 6s, series B Wash, Rwy. & Elec. 4s... MISCELLANEOUS. Barber & Ross, Inc., 6las. Chevy Chase Club $is Columbia Country Club Siye Wash. Mk, Cold Storage Amu; XTEll‘ ‘llzd 9 w: Q&Hnnns’n:‘o--:fl LE"ce ' & W, Steambost ¢ Bork glec. “Fow 6% pid i Elec. Power 81ar an- Rwy. & B eom: () Wash. Rwy. & El pfd. (5) il NATIONAL BANK. gl ital (14). .. I)Ilmbilx ’klfl‘ A oL - S | Saon el -Amer. Natl T. % E‘h!l’(y [ | IS 190 incoln (10} 400 Metropolitan (14) iggs (15) . opd (9e) . TRUST COMPANY. mer._Sec. & Tr. Co. (15) atl. Sav. & Tr. (121) . . Brince Georges BE. & Tr. (6) mgos Trust (8s) B Wash. Loan & Trust (14} > SAVINGS BANK. Bank of Bethesda (8§).. . Com. & Savings (10).... East W mx;zlun a2... & Com ‘Bk. (i7). Scventh Street (12).... United States (30) Wash. Mechanics (200 . FIRE INSURANCE, American (12) Corcoran (10) Firemen’s (8) National Union (i8) 5 TITLE INSURANCE. Columbia (6h) Real Estate (65 MISCELLANEOUS. Barber & Ross. Inc. com. dical Bidg. Corp. (6). per Mfs. pfd..... Natl Sec. ptd Bromo-Selz. “A' Federal Storage pfd. ( Fed -Am. Co. com. (1301 [eioAm Co. ptd.” &) rston Monotype (6) Tr. & Stee. com Tr. & Stge. pfd Mergenthaler Linotype Natl. Mige. & Inv. pfd Peoples Drug 5. pfd. (6}2) Real £st. M. & G. pfd. (8). curity Storage (55) Ref. & Wh. Corp. (3) e Carpel Corp. (2) Mech. Mtge vash Med. Blde. Corl vdwd. & Lothrop com wd. & Lothrop pfd. dividend. (2) i @ @) 3 it 527 extra y2i3; extra. ¢ exira. extra extra. DIVIDENDS DECLARED NEW YORK, April 6 (®).— Deferred Pe- Pay- Hidrs of ioa. able " record Due at this time. Apr. 1 Mar.31 Apr. 1 Mar. 4 Omitted. s0c Q §150 Q Regular. Millis Corp 50c ce Mfg_pr.. §3.50 Alum Co Lid am dep r for ord reg. 13c Shoe pf._.31.75 (Budapest & pengoes e Say & Loan, 52 Nat Bk (Bos) arble pf Due at this time. Due at this time. o wo Apr. M Apr. p Apr. McLennan McPeely & Prior 1st pf. $162'5 Melv Shoe Do Nation-Wide tr ctfs A Nat Weav 77 Nicholson File Co..30c ©Oahu Ry & Land. 15c Oat Park Tr & Sav hicago) ..31.50 ea Sugar 20c Prentice ( GE) Mig §1 Begal Lk & H pf 87isc Standard Oil Tr 8hrs A Tex 316492 . Do. B coupon,_ 285471c Un Plece Dye Wks.25¢ Q Apr May May s Apr Apr 00D POOOOR: Mar. LT Mar. 31 M Apr Apr Apr Apr Apr Apr Mar POED Apr Apr. May 1 Apr.'is FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checl value. i London, pound Paris. franc Brussels. beigs .. Berlin, mark. Rome.” lir B Zurich. franc Athens, drachma adrid, pesets \enna. schilling Budapest, pengo . Prague, crown (nom.) Warsaw. zioty..... .. Copenhagen. crown.. Oslo. crown. 5 Btockhoim, crown Montreal, 9 In the towns of Russia teday the rul- UNITED STATE (Bales are tn 31,000 Sales. High. Ab 3348 32-47.. 97 1003 1 1t 4%s 32-47 150 100 12 1 4th 438 33-38 557 100 30 8 1951-55..178 89 12 81946-49184 917 s M41-3 380 95 10 L T S3% % US3%sJ40-3. 156 95 10 %8543-47..102 94 18 % 46-56...112 9717 .. 238 100 14 U L L u U y u U 83 3 83 s3 83 83 Bds 44-54 Low. 00 1 007 894 91 95 952 94 14 9712 Close. 1003 100 11 100 21 100 30 899 914 95 10 958 9418 9717 1006 100 14 US4%s47-62.. 35 1033 1081 1033 Sales. High. Low. Abitibl PAP 5’53, 6 34 Ab&St5% . 9 834 AdamsExp4s’48.. 1 681 Alleghany Cp 58’44 19 18% Alleghany bs . 10 17w Alleghany 68 50 8 17w Allis-Chalm 5s8'37. 2 80 AmF P5s2030.... 45 26 AmIGCh5%s'49. 5§ Am Intl 5%s" 1 Am Metal 5 . Am Sm&Ref 5547, Am Sug Ref 6537, Am T&T 4%s '3 Am T&T c tr 55 46, Am T&T deb s '60. Am T&T deb 58 '65. Am T&T 534843 Am Wat Wks 5 Am Wat Wks 6s'75 Am Wr Pap 65'47.. Argentine 5348 ‘62 Argent 6s’ 61 May. Argentine 6s '59 Oc Argentine 6s A Argentine 6s B '58. Arm & Co 4%s '3 Arm Del 638’4 . Atchison gn 4s'95. Atchison 416848 At) CLcl 48'52 Atl Gulf&WI 5s'569. Australia 415856, . 3 Australia 5s°56.... Australia 63 '57.... Austrian Austrian 78 '5 B&O4%s’33..... B&O4%s5'60 B&O 1st 5548 B & Oref 55 B & Oref 63 C'95 Bk of Chile 63485 Bk Chile 6% s °61. Belgium 61 ‘55 Be'gium 614 % 49, Belgium 7855 Belgium 7s " Bell Tel Pa & Benef Loan 68 '46. . Berlin Cy El 6s°55. Berlin CEl 64851, Beth St pm 5s'36.. Bolivia 7s 58. Belivia 7s '69 Bolivia 85 "47. A Bos & Me 4% 861 J. Bos & Me 5s'67. ... Brazil 615 "2/ Brazil 6% Brazil s C R Brazil 8s 41 Bremen 7s°35 Bklyn Ed 5s A "49.. Bklyn Elev 6%s. .. Bklyn Man 6s A '68 Buenos AR 65 '61... Calif Packing 5540 Canada 4§ 60 Canada 4%s Canada 5s ‘52 Can Nat Ry 4% 5’5 Can Nat Ry 43;5'54 Can Nat Ry 434856 Can Nat Ry 4% 8'55 Can Nor 435 '35 Can Nor db 614 Can Nor deb 7s "40. Can Pacdb 4s.. Can Pac 58 '44 ctfs. Can Pac 4145'60. .. Cent 111 E&G 55 '51. Cent Pac 1st 45 '49. Cent Pac 55 '60. Ches Corp 5s°47. C&Ogen4l Ch & Oh con 5: CB&Qgnis'ss CB&Qrf5s'7l. Chi & Est I1] 58’51, Chi Grt West 48'59. Chi Ind&L gn 5866 Chi Ind&L gn 6s'66 C M & StP gn 45'89. CM&StP4%s'89.. C M StP&P §8°75 Chi&NW 4348 2037. Chi & NW 4%s'49. Chi & NW 6%4s'36. Chi RI&P gn 4s'88. Chi RI&P rf 4s'34. ChiRI&P 4% CTH&SE in 55 '60.. 42 Chi Un Sta 435°63. 18 Chi Un Sta 53 B'63. 17 Chi Un Sta 6%s'63. 4 C& W Ind5%s'62.. § Chile 65 °60. . .3 Chile 6561 o 8 Chile 65’61 Jan.... 39 Chile 65’61 Sept... 28 Chile 6s ‘63. .21 Clev Ter 5%s A'72. 2 Cologne 635 '50... 65 Colomb 65’61 Jan.. 23 Colomb 6s'61 Oct.. T Colon Ofl 6s'38.... 11 Col G&E 5s'52 May 10 Col Gas&Fl 5s61.. 37 Com Inves 534545, 9 Cons C Md rf 58’50 18 Con G NY 4%s'51.. 39 Con G NY 51;8°45.. 2 Con Pwr Jap 634s.. Con Pow Japan 7 Copenhag 435 '53. Copenhag bs ‘52 Cuba R R 1st 58 Cuba 5%s '45 ; Cuba Nor 5%s'42.. Crecho 85°51..... Czecho 855! Del&Hud ref 4s'43. De! & Hud 5%s'37. Denmark 4%s '62.. Denmark 5%s'55.. 12 Denmark 6s ‘42 Denver Gas 58 ' D&RG W 53'55.. D&RG W 58°78.. Det Edi 4148 D '61. Det Edison rf 5s'49. 9 Deutsche Bk 65'32. 5 Dodge Bros 6s '40.. 18 Duquesne 4%s '67. 20 D E15%s ‘53 Mar. Dutch East 1 6s'47. Erie con 4s "0 Erie cv 4s A '53 Erie gen 45 '96. Erie ref 6s'67. Erie ref 53 '75. Finland 6s 45 Finland 7s '50 9 Fisk Rub 85 '41..., 12 Fla E Coast 55'74.. 4 Fram Ind 7338'42.. 1 French Gov 7s'49.. 2 French Go T%s'41. 16 Gelsenk’hen 6s'34.. 18 Gen Baking 5%s°40 7 Gen Motors 6s'37.. 17 GenPSviks'ds.. 1 Gen Th Eq 6s'40... 6 Ger Gov h%s'65... 72 Ger Cent Bk 6338, 38 Ger Cen Bk 6s'60J 6 Ger Cen Bk 65’600 18 man Rep 7s'49.117 er Cen Bk 78" 1 Ger Gen E! Goodrich 68 4 Goodrich 6 Goodyr Rub 58'57. . Grand Trunk s '3§ Grand Trunk 7s'40. Grt Nor 438 E '77. Grt Nor 5%s B Grt Nor gn 75’36 Hait! 6552 Sas Hav Elec 513851, . Hud & M adj 58 '57. Hud & M rf 58 '57... Humble O11 58 '37., Humble O 5%s '32. 111 Bell Tell 65 ‘6. 111 Cent el tr 45 '53. Til Cent 4% 111 Cent ref 58 '55.. Il CCStL&N 68 A .. 111 Steel db 43%s 40, Inland St 4348 A'TS Inland St 43 Int Rap Trr: Int Rap Tr " Int Rap Tr 65 '32 Int Rap Tr7s ‘32 Int & Gr Nor 6852, Int Hvdro B 6544 22 {ng class is the industrial working elass. Int Match 58 '41...171 33% 81 684 174 17 15% 80 25 62% 66 50 81 2:55, 34 82 684 18% | Uruguay 6s 64 THE EVENING STAR, W. N. Y. CURB MARKET Received by Private Wire Direct to The Star Office. Sales. High. Low. Int Match 58°47... 163 Int Mer Mar 6s°41. Int Papref 65 A'47. Int Pap 6s '55. Int Ry C A s Int Tel&T 4 9. Int T&T 4%s'52 Int T&T 58'55. Italy 7s °5: Italy Pub 78 '52.... Japanese 5% Japanese 6% Jugosl Bnk 7 Kan City Sou 58'50. <end 534S ‘48 ww. . Kreug & Toll 5859, Lack St15s A '50... Laclede Gas 55 '34. Laclede 5148 C'63. . Lake Shore 31487, Lautaro Nit 65 54. Leh Val cn 45 2003, Lig & Myers 58’51, Lig & Myers 7s "44. Loew's 65 °41. ... Long Islrf 4s°49.. La & Ark 5369 Lou G & E1 55 A" Lyons 6s'34... McKes & R5%#'50. Manhat Ry cn 48'90 Marseille 65 '34. Mex 58 A astd '45.. Midvale St1 55 '36.. Milan 6%s ‘52 . Mil E Ry & L 5561, Mil El Ry&Lt 5s MK & T ad) 58 '67. MK & Tex 5% A '62 Mo Pac gn 4s = Mo Pac rf 55 A Mo Pac 53 G '78. Mo Pac 5s H '80. Mo Pac I 5s ‘81 Mo Pac 518 A'4 Mobile-Ohio 53 '3 Montevideo 63'59. . Nat Dairy 53 2'48..157 Nat Steei Nw S Wales 5s Nw S Wales ¢ C3%8'97..... Y Cent db 45 '34. VY Cref 41552013 Y Crf4%s2013n N Y Cref 552013 . N Y Cent db 6 . C&StL 414878, C&StLG4SA'T4. 1 v 18 18 6 5 6 10 6 28 20 23 13 5 6 6 2 34 12 L 1st 65 '32137 N Y Fdison 53 B'44. NYEdrf6%s"41. NY EL H&P 4549, NH&H 45 NY NH&H 4345 '67 NY NH&H clt 6540 NYNHE&H 65 48 NY O&W rf 4892 N Y Tel gn 414539 NY W&B 43546 ia Sh Md 5168 ‘50, Nord 6145 '50. Nor & Wn cn 45 North Am Co bs Nor Am Ed 55 A '57 Nor Am Ed 55 C'69. or Am E 5158 '63. Ger Lloyd 6547 Nor O T & L 65 '47. Nor Pacr 1 68 2047, Nor St Pw 55 A '41. Nor St Pw 65 B "41. Norway bs '63. Norway 5%s ‘6. Norway 6s 43, Norway 6s'52. Pac G&E 5842 Pac T&T rf 55’5 Paramount 65 '47. . Paris-Ly M 6s'58. Paris-Ly M 7s'58. Paris-Or 5%s'68.. Pathe Exch 7s '3 Penn 4% s D '81 Penn gn 415565 Penn 4%sD'10. Penn 5s'64... Penn 6148’36 Penn P&L 4345 '81. Peru 6860 ....... Phila Co 58°67..... Phila & Read 63 ‘49 Philippine R 4s '37. Phillip Pet 5% 139 Pillsh F M 6543 Poland Ts *47 Poland 8s '50 Port Gn El 4 Pos Tel & C 5s'53. Prague T3’ Prussia 65 '52. Prussia 6% Pub8vG 4y Pure Ol1 5%5'37 Pure O1l 535 '40 Queensland 75 41 Read gn 4% 5 A Rem Arms 63 A '3 Rem R 534 sA4Tww Rhinelbe U 78 '46 . Rhine West 2. Rhine West 65 '53. Rhine W 65 "5 ww. Rhine West 7s ‘0., Rich Ofl Cal 63 '44. Rio de Jan 63%s ‘53 Rio de Jan 85 '46 R Gr Do Sul 65 '6 R Gr Do Sul 85 '46.. Rio Gr W clt 4549, RIAr&L4%s’'34. Rome 6%8°52..... StL IM R&G 45'33.. St L&SF 43 A '50... StL&SF4%s'18, St L&SF 5s B '50.. StL SW cnés'32.. StP&KC SL 434541 an A & AP 4s'4l.. Sao Pau 7s 4 Sao Paulo 8 Saxon P W 6158’51, Saxon 78745......0 Seabd A L 65 A '45.. Serbs-Cr-S1 7562 Serbs-Cr-S1 35 '62 Shell Un Of1 5847 Shell Un 05s'49ww hinyetsu 68" Sinc Ofl 6345 B' 38.. Sinc Ol T8 A'37... Sinc CrO5%s'38.. Sinc P L 584 Skelly Ol 5% 529 Sofssons 63 ‘36 Solvay Am 5s " Sou Bell T&T b SW Bell T 55 A '54. Sou Pacref 45°55 Sou Pac 43568 SouP 458’69 ww Sou Pac 43831 Sou P&Or 4% s A’ Scu Ry gn 4556 Sou Ry 58 '94. Sou Ry gen 6 Sou Ry 6%8'56. StOII N J s '46. StOUNY 4%s 51 Sweden 5%8 ‘54 Tenn Cop 65 B Tenn EI P 63 A '47. Tex Corp cv 55 '44. Tex & Pac 58 B 'TT. Third Av rf 4s 60 Third Av adj 556 Tob P,NJ 6% 202 ‘foho El Pw 6s'32. | Toho EI Pw 73’55 Tokio 5%s61..... okio El Lt 6s '53 Un Pac 15t 43'47.. Un Pac4s'68...... TnPacrf 4 Un Pac 4%45°6 Unit Drug 68 Utd King 6%s°'37. U 8 Rubber 58 '47 StW 648 A4T. StW 6148 A'S1. Utah P& L 58 " . 1 Pw 5859 ww Util Pow 54847, . Vanadium St 5s'¢1, Vienna 6s 52 . Va Ry & Pw Wabash 4%s Wabash 5s D '80 Walworth 6s A "45. Warn Br Pic 6539, Warn Quin 6s'39.. Warsaw 7s'68 West E1db is'd4.. West Md 45 . West Md 5% t Pac 58 '46. it Union 5s°51. it Union 5s '60. t Un 6l4m'26. ., WEOGS%s"3T ww. ‘Wh Sew Mch 6s 40 Wil & Co 1st 6341, Yestn SET 5s A'T8. Ygstn S&T bs B’ 2 Bhulunoans 9 » o w wERomw® Seonanionten~ 15 484 48 26 30 32 27% 31 89 % 58% 6815 364 55% 62% 13 874 9215 6415 T4 6% 59M 100 116% 77 81 384 9615 102% 46 33 10215 3ix 92y 6514 Do o BONDS o amwa ]| Received by Private Wire Direct o The Star Office v .. 2:85, T4 44 47 26 30 30% 26% 29 88% 0% 58\ 6% 364 55% 610 104 874 12 44 47 26 30 Stock and Dividend Rate. Acetol Prod A... 2 Aero Supply A .1 4 Aero Supply B s 8 Alabam Pw pt (7). 40s Aluminum of Amer 850s 32 Alum Co. Am pf(3). 1 47 Alumn Goods(60c). 1 Am Brit & Cont. Am Cigar % Am Cit P&L A (a3) AmCitlesP&LB. Am Comwlith Pw A. Am Cyanamid A. Am Cyanamid B Am & For Pw war., Am Founders. . Am Gas & El (31) Am Invest B Am Invest B AmLt & Tr (214).. Am Maize Prod (1). Am MIg pf (5)..... Am Maracaibo..... Am Superpower Am Super pf (6)... Am Super 1st pf(6) Anchor Post Fence. Appalachian Gas. Arkansas Nat G Arkansas Nt Gs A. Ark Nt Gs pf (80c). Ark P& L pf (7). AssOGE&EADS%. Asso G&Ect (8) Atl Sec em pf ww Atlas Plywood. Atlas Utilities Atlas Util pf A Babcock & Wil (4). Bauman L pf (7) Bell Tell of Can (8) 253 Blue Ridge. Blue Ridge pf (a3). Brazil Tr L&P (1). Burma, Ltd rets 4c. Canadian Marcont Cent HudG& Cent Pub Cent Pub Cent States Elec. ntrifug Pipe 60c. Chain Stores Stk. . Cities Serv (g30c). 3: Cities Sve pf (6) Cities S P&L pf Clev Elec Tilu 1 "0l Ol & ¢ 01 G & “omwih “omwlth & Sou “omunty Wat § “ons Gas T s Util A Roval (20¢) Consol Theaters Cord Corp Corroon & Reynold: Corroon & ey pt A Creole Petroleum. . Cresson Cons Crown Cent Pete. .. Cuneo Press (215). Cusi Mexicana Min Davenport H (2) Deere & Co. 5 De Forest Radio. Doehler Die Cast Dow Chemical (2 Durant Motors. East G & Fuel Asso Kisler Elec Corp. .. Elec Bond Elec B&S ¢ Elec B& 19 Elec Pwr Asso (1). 7 ec Pw Asso A (1) 10 ec P& Lopwar. 14 P&L 2d pf A 7. 300s Shareholding. 1 ec Sharehld pfaé 3 mp G&F cm pf(7) 100s ow pt (2.24) 2 nploy Reins 1.60. 1 Europ EILtd A30c 2 Fajardo Sugar. 5 ol Motor-...... Federated Metals. . Ford Motor Can A. Ford Motor Can B. Ford MLtd........ 2! General Allovs. General Aviation. . Gen Empire Cp 40c. Gn E Lt ret p36 3 1 Gen G&E cv pf B 6. 200s 11 Glen Alden Coal. 1 Goldman Sachs. ... Gotham Knithas 5 GUtA & P Tea pf (1) 408 Gulf Otl of Pa.... Hackmeister Lind. HandPg p pf (plic) Happiness Candy. . Hecla Mining (40c) Hudson Bay Min 08 B 1 6 1 5 9 4 1 Imp O1} of Can 50c. Ind Terr 111 Ofl A Indus Finance pf Insull Inv. InsCo N Am (2 Int Petrol (1) Int Products | Int Util A. . Int Util B, Interstate Interst Pw Del pt 7 50s Iron Cap Copper. .. Irvin Ch(40c) uperpw A. Kolster-Br Am sh. Lack Sec (4)... Lefcourt R pf (3).. Leh Coal & N (1) Libby McNeill & L. Lindsay Light 80c. Lion Oil & Refin. .. Lone Star G n(60c). Long Island Lt 60c. Long Isl Lt pf (7). Louisiana L & Ex. . Ludw 3aumnn pf. 10s NS = 30 pEaBomoa Maryland Casualty. Mass Util Asso. ... Mavis Bottling A.. Mem Nat Gas (60¢) Mexico-Ohio Iil. .. Midl West Utilities 4! Moody’s Inv SV pf Moh Hud P 1st pf 7 Mo Kans Pipe L. Mountain Prod 80c. Murphy Co (1.60).4 Natl American. Natl Aviation . atl Fuel Gas (1).. Natl Investors..... 10 Natl Pw&Lt pf (6). 400s 5 Natl Rubber Mch.. Nat Short Trm p55 1 Steel war atl Transit (1)... New Eng Pw pt (6) Newmont Mining. . New Mex & A Lind. N Y Trann (k10c). 3 N ¥ Tel pt (633). .. 25s N Y Steam (2.60) iagara H Pw(40¢) Niag H Pw A Wr... Niag Sh Md (20¢) Niles-B-P'nd (60¢). Nipissing 5 Noma Elec (40c) North Am Util Sec. OIS B D st Ohio Copper Oilstocks Ltd A Overseas Sec. . Pac GREl 1st pf 1% Pacifi West Oil. Pantepec Oil. Paramount Motors Parker Rust P (3). 5 Penroad Corp. Penn P & L pf Pilot Radio Tube A Pioneer Gold (12¢) Pitney Bowes b4 %. Pitts Plate Gl (1) .. Plymouth Oil k2 Pratt&Lambert Premier Gold (1 Prudential Inv.. Prudential Inv pf 6 | Pub Util Hid x w... Pure Oil pt (6).... Radlo Prod. .. Reliance Intl A Revbarn. . Roosevelt Field. ... Rossia Intl. . Royal Typewriter.. Ruberoid Co (4) St Anthony Gold. St Regis Paper. 5514 | Salt Creek Prod (1) 80% | Schulte Real Estate 99% | Secur Allled (1) 814 ' Segal Lock & Hrd 83% Selected Ind. .. 64's Selec Ind al ot(5%) 634 Shattuck Den Min. . " 96 52 56 30 56 L ASHINGTON, Sale— N Add's, men. Low. cloge. % 391, Bl 3l 110% 1104 43 P Stock and Sale— Dividend Rate. Add. 00. High Sheaffer P(WA)(1) Shenandoah Corp. . Shenandoah pf.. Willlams 4 lica Gelet....... 1 nger Mfg Co (8). 40s 11 outh Penn Oil (1). 13 1 Sou Cal Ed pt B1% outhern Corp. . South Union Gas Stand 011 Ind (1)... Stand Oil Ky (1.60). Stand Oi1 Ohlo 2%. nd P&L B (2) 70 11 3008 Totor Cars. v Ofl. £t & Co (2). Swift Intl (14) Tampa Elec 2.24..4 Technicolor. g Tech Hughes (60c). Texon Oil & Ld (1). Tobacco Prod Del.. ‘Frans Alr Trans. Trans Lux DL P S. Tubize Chatel B.... Tung Sol Lamp (1) Ungerleider Fin. ... Utd Dry Dock United Founders United Gas United t Lt ted L& pf (6). Elee Pwr ww. . Foil Co B(30¢ & Intl 1st pf., S Linespf..... 1 Sho Mch pf 1 ed Stores v de Tixt ( Products r& Lt (B). Utility Equities. Util & Ind pf 1% Venezuela Pete. ... Vick Financ (30¢). Wenden Copper. .. West Cart pf (6) Wil-Low Ca Woolwrth 1 Y" Oil & Gas. 15% 201 D. C., WEDNESDAY, APRIL 6, 1932 UTILITIES SHARES ARE WEAK ON CUR Oils Hold Up Fairly Well, but the Market Is Lower, BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, April 6—Pronounced | pressure on public utility shares and the relative steadiness of petroleum stocks . | were the outstanding features today of a Curb Exchange session generally marked by falling quotations. Electric Bond & Share duplicated its previous low level as Cities Service de- clined fractionally and touched 47, for the first time. American Gas & Elec- tric, American Light & Traction, Com- monwealth Edison, Middle West Utili- ties, Associated Gas & Electric A and United Light & Power A were a few of the numerous utilities moving into new low ground during the first several hours. Selling in the public utilities repre- sented liquidation from the interior, especially Chicago and Cleveland, but also the disposal of stocks by discour- aged holders. The weekly electrical out- | put statisties showed a decrease of 11.9 per cent from the corresponding week of 1931. This brought electrical output to a new low level for the depression period. A week ago the production of electricity showed a drop of 10.3 per cent from the same 1931 period. Food shares appeared on the tape in increasing amounts. Fajardo Sugar struck a_new low. Great Atlantic & Pacific Tea, which earned $1340 a share on the common for the year ended February 27, 1932, against $13.86 in 1931, ignored this favorable income statement during the first several hours. Meanwhile, Swift & Co., Swift Interna- # | tional, Willow Cafeteria, Happiness Candy and similar shares sold off. g -2 General Italian Edison Electric, 1931 net_income, $5.879.844. vs. $7.073.230. Goodrich (B. F.) Co., January and 1, | Februa first-line tire sales 259 per “| cent ahead of like 1931 period. FINANCIAL. Market Averages By the Associated Press. STOCKS. ] 2 ¥ 2 gagdss o hu-.—aqiu..—."’ i 3By Yesterday Previous da: Week ago Month ago Eeeiis PR FgatEiaged sEudnuiteuyy Ng CeonmOawIROBN® Saniianairinal 38s8 Sabuliiehbnrel B ¥ srespazeasesess wWowenwnwWssOD? £ H 29308 Pttt et Year ago . Two_years ago. Three years age High. 1932...... Low. 1932 High, 1931 Low.' 1931 High, 1930 Low. 1930 .0 *New 1932 low. (Copyright, 1932, Standard Statistics £235283 23323 Py Prietdatrteatate X s8a8s 2825 nmsgenyd et 4 o 32833 0.) New York Cotion Special Dispatch to The Star. NEW YORK, April 6.—Cotton prices were 6 to 9 points lower at the opening of the market today. Trading was ac- tive. Foreign demand was at a min- imum and commission house offerings heavy. May, opened at 6.10, off 6; July, 6.25, off 6, October, 6.50, off 8, December, 6.62, off 9; January, 6.72, off 8, and March, 6.87, off 8. Grain Market By the Assoclated Press. CHICAGO, April 6.—Grain prices rallied quickly today from Initial down- turns that were associated with weak- ness of securities and with setbacks in wheat quotations at Liverpool. Drought districts of the domestic Winter wheat belt reported high winds and no rain of any consequence. Opening ;-1 cent lower, wheat aft- | erward recovered in full. Corn started 35-5 off and later scored gains. Effective April 15th PRICES WILL BE INCREASED '100 on all POWERED BY LYCOMING 12 Cylinder and Straight Eight Models PIG IRON PRODUCTION IN FURTHER DECLINE March Output at Lowest Point Since August, 1921, Says Trade Journal. By the Associated Press. NEW YORK, April 6.—Pig iron pro- duction in March fell to the lowest point since August, 1921, and the orders that are being depended upon to bring improvement to the steel trade have not yet materialized, says Iron Age in its_weekly review. Pig_iron production last month was at a daily rate of 31,201 gross tons, only a little above the minimum of the 1921 depression, which was 27,889 tons daily in ._I;xgy ;)f that year. “The loss in steelmaking iron during March." the review continued, “was almost 8 per cent, thereby confirming the apparent downward trend ing steel ingot production. Merchant pig -fron fell off only slightly, 94 tons a day, against 1,906 tons a day for steel- making iron. There was a net loss of four furnaces during the month, 60 having been in service on April-1, against 64 on March 1. “Although conditions still seem-to favor some rise in steel production-this month, the orders that are being..de- | pended upon to bring about such im- | provement have been delayed. This 's particularly true of automobile ‘and railroad tcnnage.” | | _— | FREIGHT LOADINGS DROP, By the Assoclated Press Loadings of revenue freight dropped |off sharply during the ‘eu?k ended March 26 as compared with the previous week when a record high level for the vear was established. Total loadings for comparable periods follow, as reported by the American Railway Association: Week ended March 26 .561,118 cars Previous week.... .584.634 cars Same week last year. .738,880 cars CHICAGO DAIRY MARKET. CHICAGO, April 6 (#).—Butter, 8,216; easy,; ereamery specials (93 score), 194~ 20: extras (92), 19; extra firsts (90-81), 183%; firsts (88-89), 18'.; secon (86-87), 17!2-18; standards (90 cen- tralized car lots), 19. Eggs. 13,741; | easy: extra firsts, 123;: fresh-graded firsts, 12-1213; current receipts, 11-1114; storage packed firsts, 1314; extras, 14, AN B\IRN Automobile manufacturers have made the greatest efforts in the history of this industry to develop new designs and new mechanical betterments. And they have produced the greatest values in the history of the industry. They priced their products on an antici- pated and hoped for volume which the industry has not realized. Therefore in our opinion many manu- facturers will probably raise prices. No matter what make of car you intend to buy, you can save money by buying now. Not only save money by buying before prices are advanced by manufacturers, butin addition you can probably save a Federal sales tax on all motor cars. AUBURN AUTOMOBILE COMPANY, Aybum, Indiana. Division of Cord Corporation. Prices subject to change without notice WARRINGTON MOTOR CAR COMPANY 2035 17th St. N.W. E. B. FRAZIER MOTOR COMPANY Established 1912 POtomac 0044 DEALERS 518 10th St. N.E. R. J. McREYNOLDS MOTOR COMPANY 1209 Wisconsin Ave.