Evening Star Newspaper, April 11, 1932, Page 15

FINANCIAL. BOND PRICES DROP THE EVENING STAR, WASHINGT( “APRIL 11 [oxsew o BONDS smoce excuca ] TRADERS IN GRAIN GURB SHARES EASE Received by Private Wire Direct to The Star Office CURB MARKET | QUTLOOK IN STEEL by Private Wire Direct to The Star Office. 0NN LOW AR U. S. Group and Few Cor- poration Issues Resist General Trend. BY F. H. RICHAKDSON. Special Dispatch to The Star NEW YORK, April 11 —After a firm opening, bonds slurped into new low ground today, the only group resisting the decline being United States Govern ments and a very few prime corporation descriptions. Even foreign dollar bonds dipped, Germans slipping because of the anxiety over the gains made by the Hitlerites in the German elections, al. though President von Hindenburg's vic- tory was acclaimed The German elections, President' Hoover's progress toward economy mea: ures at Washington, the granting of arious loans by the Reconstruction Finance Corporation and the prospects for higher wheat prices all lent aid to those working on the constructive side, and opening prices were firm. But the list started to slide again when stocks failed to maintain their initial rallying tendencies, There was an utter lack of anything encouraging in trade news over the week end and this, combined with heavy liquidation still coming from dis- tressed investors, individual and cor- porate, served to send prices downward. 1In spite of the granting of an $18.000,000 loan to the St. Louis-Southwestern so that the road can meet its June 1 ma- turity of consolidated 4s, other rails were weak. Rock Island refunding 4s dipped 2 points, and the convertible 4%,s of the same road were 2'. points Jower. Chesapeake Corporation 5s dropped a point. Baltimore & Ohio first 55 eased. There were losses in New York Central 55, Pennsylvania 6%:s and Missouri-Pacific 5s. Cotton Belt 4s ran up 17 points on the news of the loan to meet them, but later reacted because of the ’ Street's opinion that & part cash settlement will be made. NEW FREIGH% SERVICE TO KINSALE IS STARTED Special Dispatch to The Star BALTIMORE, April 11.—Andrew J. Lewis of Walnut Foint, Va., has begun a regular freight service from Baltimore to Potomac River points with the motor boat Andrew J. Lewis, making three Tound trips weekly. The vessel, with capacity for 100 tons of cargo, covers the Potomac River territory from Po- tomac View to Kinsale. She touches at wharves formerly served by the Balti- more & Virginia Steamboat Line, which went into the hands of a receiver sev- eral wecks ago. This is the second boat service in- sugurated in the last seek the trade that the defunct com- pany used to handle. The Western Shore Freight Line, Inc.. operating from hete to Rappannock River, Virginia points, is the other. MARYLAND TOBACCO PRICES. BALTIMORE, April 11 (Special).— While sales of Maryland leaf tobacco ! last month showed a big increase over + February, prices declined nearly 33% | per cent, according to the monthly re- port of the State tobacco warehouse. During March, 815 hogsheads, con- taining 487,380 pounds were sold at the average price of .1572 cents & * pound, while compares with sales of 517 hogsheads, 303,665 pounds at .2307 cents a pound in February. Both receipts and sales showed in- creases last week, the former totaling 496 hogsheads &nd the latter 327 hogs- heads, leaving a stock in State tobacco warehouses of 15570 hogsheads and 565 hogsheads of ground leaves. Quotations today for Maryland leaf tobacco per 100 pounds: Frosted and { inferior, 200a4.50; sound to good com- ¢ mon, 5.00a15.00; medium to good, 15.00 ! 230.00! good to fine red, 30.00a39.00; , fancy, 39.00a40.00. Seconds, common | to medium, 4.00a15.00; good to fine, 6.00a25.00; 1931 crop, ground leaves, 12.00a12.00." "Upper country burley, i nominal. Washington Stock Exchange. SALES. Peoples Drug Stores pfd.—10 at 88. AFTER CALL. Potomac Electric 6% pfd—1 at 110, 5 at 110. Real Estate Mtge. & Guar. pfd.—100 at 41, ‘Washington Gas 6s “B"—$1,000 at 10215, $1,000 at 102%. Potomac Electric Cons. 10055, BONDS. Bid and Asked Prices. PUBLIC UTILITY. 55—$1,000 at { Po Cor Potomac_Elec. 65 Wash. Alex. & Mt V Washington' Gas 4'zs | Washington Gas 5s few weeks to| \ | UNITED STATES. { (Sales are 1n Ldb 3155 32-4 L1st4%s 32 | L ath a3is 7S 3%4s 1946-49 US3%KsM41-3 ‘| Abitibf P&P §s '53. Ab & St§%s 43. A'leghany Cp 5s'44 1 | Alleghany s '49 | Alleghany 5s '3 | Alis-Chalm | Am Beet Sus 6s " | Am Chain db 6333 | Am F P 58 2030 Am 1GCh5ias'49. | Am Inti Am Sm&Re | Am Sur Ref 65 Am T&T 435 Am T&Tc tr i At T&T deb 5§ | Am T&T deb 556 Am T&T 52843 Am Wat Wks | Am Wat Wks 65 | Argentine Argentin Argent 65 61 Ma Argentine fs Argentine 6s Argentine 6s A Argentine 6s B " Arm & Co 435 '3 Arm Del 5% 43 Assoc Oil 653 Atchison gn 4s Atchison 4% 4§ AtiCL 1st 4s Atl Gulf&W1 Australia 4 Australia § Australia 5s | Austrian 7s B&O1st4 1 B&O4&%s 33, B & O 4% B&O 1st B & O ref 5s & & & 10 B&Oref5D 2000, B&Oref 65 C B & O Sw dv 55’5 Bk of Chile 61357, Bk Chile 635 61. . Batav Pet 4135 '42. Belgium 6s Belgium 614549, . Belgium Ts | Beth Stl pr Beth Stlrf 5 Bolivia Bolivia 9. Bordeaux 6s Brazil 61is Brazil 61s Brazil 7s | Brazil 841 | Bremen 75 (O3 OP00-~ 1~ TPt s JPS NS e Bklyn Man 6s A Bklyn UnG: Budapest 6s Buenos AR 6 | Bush Ter con 5s'55. | Bush T BIdg §5'60. | Canada 4s°60. Canada 4% Canada 5s Can Nat R Nat Ry 438’55 2 at 5369 July 24 at 5569 Oct. 11 Can Nor deb 7540, 11 CanPacdb4s..... 22 Can Pac 5s'44 cifs, 3 Cent I'l E&G 55 '51. 19 Cent Pac 1st 4s'49. 3 Cent Pac5s'60.... 6 Cen Ry NJ g5s'87. 5 Cert-tddb5%s="48, 1 Ches Corp 5s°47... 10 C&Ogen4ts9z., 12 Ch & Oh con 5539, 10 CB&Qgn4s'ss... 8§ Chi Grt West 4s'59. 81 Chi Ind&L gn 6566 1 Chi M& StP4%sC 3 C M StP&P 5s'75.. 24 CM&StPadj5s.. 59 Chi&NW 41552037, 8 Chi&NW 434sC'37 1 Chi & NW 4%5'49. 39 Chi&NW rf 552037 1 Chi Rwys5s°27... 1 Chi RI&P rf 45°34, 97 Chi R1&P 435’52 21 ChiRT4%s'60.... 43 Chi Un Sta 414563, 1 Thi Un Sta 55 B'63. 37 Chi Un Sta 6%8'63. 10 C& W Ind en 4852, 1 C& W Ind5%s'62. 11 Chile 68 . Chile 65 '61 Chile 65’61 Jan. Chile 65 '61 Sept Chile 63 '63. . Chile Cop db 58 '47. CCC&St L 4%s E'T7 Clev Term 4%s5 77, Clev Term 5s B '73. Clev Ter 5%s A 72 Cologne 63%s '50 10 Colomb 6s°61 Jan.. 4 Colomb 65 '61 Oct.. 3 Colon Of16s38.... 13 Col G&E 58 '52 May 17 Col Gas&El5861.. 17 Com Inves 53;5°49. 12 Cons C Md rf 65’50 16 Con (3 NY 4345’51, 24 Con G NY 5%s°45. 11 Con Pwr Jap 6%s. . Con Pow Japan 7s. Cuba 5%5"45. Cuba R R 1st 5552 Cuba RR68'36. ... Cuba RR rf 73s ‘36 ! Czecho 85 '51 Czecho 8s'52. . ... Denmark 4%s'62.. 1 Denmark 68'42. ... D& R Grends'36. D&RG W 5s'55.. - | Det Edi 4148 D"61. ATIONAL BANK Min d Emer. Bromo-Seiz @ Tederal St % Fed -Ar com. (1201) ed-Am. Co pfd (6) anston Monotype ( Mer Ste. c = Mer. Tr & Stee. ptd Mergenthaler Linotype Natl. Mige. & Inv. pid Pecples Drug 8_pid Real Est. M. & G. pfd Becurity " Slorage (541 101 Ter. Ref. & Wh. Corp. (3) 50 The Carpel Corp. 12) 3 10 W. Mech. Mtge. com (8 Wash. Med. Bid. Corp. 1087 Wdwd. & Lothrop com 33 Wdwd. & Lothrop pfd § *Ex. dividend. bBooks closed. n2sc extra. 130c exira % extra it extra. 10 16 16 | Det Edison rf 5849 | Dodze Bros 68 '40. . | Duquesne 435 '67. | Dutch East 16847, 3 | Duteh East I 6862 10 vador 8548, e cv 4s A 'G3. 45 B | Erie zen 4s i Pinland 6 Finland & 15k Rub 8841, E Ceast Fram Ind 7 Gelsenk’hen 65'34 en Baking 5% en Motors 6s'37. . en P Svi | Gen Th r Gov e rCent Bk 63 ‘28 jer Cen BK 6 jerman 6148 ierman Rep r Cen Bk 7s ‘50, r Gen El 7s odrich 65 45 Goodrich 61;5 '4 Goodyr Rub 58'57 Grand Trunk 6s ‘36 | Grand Trunk 7s'40. Grt Nor gn 78°36. . Hait! 65 '52. S Hud & M ady 58 °57. 23 Hud & M rf5s°57.. 10 | Humble Of] 53 "37. . 26 (HumbleO G832, 4 | Hungary Tls 44 3 111 Bell Tell 65 ‘56, . LI Cent el tr4s *62. | Tl Cent 4% 566 111 CCStL&N 58 . Inland St 4% = B'81 Int Rap Tr rf 55'66 18 Int Rap Tr '66 sta. . 51 Int Rap Tr 6s "32 22 Int Rap Tr7s'32... 24 23 918 $1.000.) igh. Low. Close S 100 15 100 19 100 31 101 25 101 16 10118 9110 10420 104 w. Close. 997, 823 79 54t 331 | Int Cement 5s 48 | Int & G N aa 65 5. Int Hvdro El 6= 44 Int Match Int Mer Mar 6 '41. Int Pap ref 55 A" Int Pap 6s Int Ry C A 5s'72. .. It Ry C A 61:5'47. Int Tel&T 414539, It T&T4%s" M T&T ftaiv 7 Italy Puf Japanese Jugosl Bnk 7s" Kan City Sou 3 Kan City Ter Kan G&E 41 Karstadt 6s°43. ... Kend 534 = "48 ww . Kreug & Toll 5 Aclede 5les (52, Laclede fiits D60 Lautaro Nit §s 54 T.eh Val en 452003, Lig & Mve: Loew’s fs'41. .. Lorillard 55 ‘51, Lor{llard 7s '44 a & Ark g Lou G & 1 55 A Lyons s '34.... McKes & R 516 Manhat Ry cn 4550 3 Marseille 65'34. ... Midvale Stl 5536 Milan 61 .ue MIIE Ry & L 58°61. Mil Bl Ry&Lt 58 ‘71 MStP&SSMen 45'28 M ' MK & T 1st 4390 MK&T 4s MK&T s MK & T adi MK & Tex & Mo Pac gn 4575 .. € Mo Pac rf 55 A '65. Mo Pac is F Mo Pac s G Mo Pac 5= ¥ Mo Pac T Mo Pac & Mont Pow 5 Montevideo 6 Montevideo 7s 52, . Mor&Co 1st 414539 Nat Dairy 53, w'48..112 Nat Rad 6155 '47 at Steel 55 N Eng T 1st NOT&M . Nw S Wales fis '57 Nw € Wales 5558 N Y Centdb 4s '3 Y Cent 4598 StL 1st 6= on 5s B'44 Y Ed rf 62541, Y EL H&P 4549 NY NH&H 475" NY NH&H clt NYNH&H 65 '4 NY O&W gn s NY O& W rf 4s 99% 4813 A . 61 N s s 100% h 843, North Am Co s ‘61 Nor Am Ed 5s A * B3 100 82 37 29 62 83 115 116% Nor Am Ed 5s C'69. rAmE5l%s'6 N Ger Lloyd 6s '47. NorOT& L 6s'47. Nor Pac g 3s 2047 Nor Pac 4s'97 Nor Pacr{ 6s2047. Nor St Pw fis A "41. Nor St Pw 63 B'41. Norway 5s ' Norway 6s Norway 6s 44 Norway 6s'52 Orient Dev 53558, Orlent Dev 6s '53 Pac G&E §s 42 Pac T&T 1st 58 '3 Pac T&T rf 55'52. . Pan Am Pet 6534, Paramount 6s '47 Paris-Ly M €s°58. . Paris-Ly M 7s'58.. Paris-Or 5145 '68 Penn cn 415560, Penn gn 4158'65... Penn 4143 D 70 Penn 4%s '63. . Penn gen 5568 Penn 615 '36. . Penn P&L 4% Peop Gas re Tere M 1st 43 Pere Marq 4158 '80. Pere M 15t 55'56. .. Peru 63 '60 Peru 6361, Phila Co 55 °67. Phila Elec 45 'T1 Phila & Read 68 Philippine R 4s Phillip Pet 5% Pillsh F M 63°43. .. P& W V414sC'60. Poland 65 '40.... Poland 7s'47. Poland 8550, Port Gn El4%s Por RAm T 65" Pos Tel & C 55'53.. Prague 7138 '52 Prussia 6s '52 | Prussia 6345 ‘5 Public Serv 4s ‘71, Pure Oi1 54 "37.., Queensland 65 '47.. Read gn 4% s A "97. Rem Arms 6s A ‘37, Rhinelbe U 7s 45 . Rhine West 65°52. . Rhine Waest 65 '53 | Rhine W 6s 55 ww | Rio de Jan 645 '53. Rio de Jan 8s 46. .. R Gr Do Sul 6s R Gr Do Sul 83°46. Rio Gr W 1st 48'39 Rio Gr WV cit 4s'49. RIAr& L 4%s'34. Rome 635552 . Royal Dutch 4s » | Sa0 Paulo 85 " | saxon 1 W § Shell 'n 01l 3% 321 31 2015 a1 264 56 321 40 444 T4 701 924 94 % 66 Shell Un O5s'49ww Shinyet=u 61455 Sine O11 A” SmneCrO5%s'38.. SinePL5s'42..... Skelly O11 534539, Solssons 6s'36. . Solvay Am 5842 | Sou Bell T&T 55 '41 SW Bell T b8 A 34 | Sou Pac col 43 | Sou Pac ref 4s°55. . Sou Pac 43868, ., SouP4%s 69 ww. | Sou Pac 414881, .. Sou P&Or 448 A'77 Sou Ry gen 6s " Sou Ry 638 StOIIN J 5546 Ol N Y 435’51, Sug Es Or 7 g weden 5%s '54. .. Tenn E1P 63 A 41, Ter AySt L 4863, " Tex & Ark Tex Corp e Tex&P5sD’S Third Av rf 4s ' ‘Third Av adj 5560 Tob P,NJ 6% s 2022 104 Toho EI Pw 65°32. 11 Toho El Pw 7s'55.. 6 Tokio 5%s'61..... 16 Toklo El Lt 63'33.. 15 19 14 40 - HOPE FOR UPTURN {Market This Week May Re- | flect Recent Improvement in Securities. FRANK L WELLER, As50 Press Farm Edit | Although wheat is selling in a { weather market it still is affected by action in securities and there is trade opinion that grain values reflect last week's late upturn in stocks. It was principally because of pre- vious weakening in securities that W futures had backed awa higher eround and corn futures had dropped to the lowest level since 1900 Liguidation in all grains was on an enormous scale and found the market without support. Just as that was true the trade believes that with advance ecurities and a little broadening of ide interest higher prices will be BY | the | some The market already is reflecting a demand for commission house response to stronger cables, continued lack of precipitation in the Spring and Winter wheat belt and returning buyer con- fidence abroad. It was noteworthy that despite the decline in futures, domestic wheat markets were firm as a of light offering and a fairly mill demand. the close on April 8 prices at s City were 1 to 2 cents higher than week ago, soft Winter wheat had advanced as much as 4 cents a bushel at St. Louis, No. 1 dark northern, 3 to 5 cents over the May price Minneapolis and Pacific Coast markets were steady to higher. The most important of the strength ening influences was the less favorabl prospect for Winter wheat and the de- layed seeding of Spring crops. The Government reported the condition of Winter wheat on April 1 as 758 per cent of normal compared with the 10- year average of 80.9 per cent for that date. Acreage abandonment was estimated at nearly 14 per cent for the United States as a whole. While April 1 is too early for an accurate forecast of final production an analysis of condition and weather reports indicates a total outturn of Winter wheat of around 458,000,000 bushels, or about 330,000,- 000 less than last year's harvest. Against that is a private estimate that wheat stocks in store in all positions are 4,000,000 bushels larger than a year ago. Grain Market | By the Associated Press CHICAGO, April 11.—Fresh upturns grain prices early today accom- in domestic Winter wheat Southwest, A Jeading crop expert wired that from Bucklin, Kans,, through the Oklahoma panhandle and 150 miles into Texas fully half of the wheat crop was past Tecovery. Opening '4a3; higher, wheat after- ward continued to mount. Corn started unchanged to !5 up and subsequently rose all around. . New York Cotton Special Dispatch to The Star. NEW YORK, April 11.—Opening cot- ton prices today were unchanged to 7 points higher. Trading was slow, but there was a good export demand for May and July. Opening prices were: May, 6.20, up 7; | July, 6.35, up 4. October, 6.60, up 3, ‘and December, 6.74, unchanged. FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling value. today. . $4.8665 $379% 394%c 14 00¢ 23.72¢ 314'ac London, pound Paris. franc Brussels, belj Berlin, mark Rome. lira Zurich. fran: Athens. drachma Madrid, peseta Vienna, schilling Budapest. pengo.. . Prague, crown (nom.) Warsaw. zoty Copenhagen. Osjo. crown S Stockholm, crown . Montreal, 9% % discount. DIVIDENDS DECLARED NEW YORK, April 11 (#)— Omitted. Company Rate Period North Amer Gas & Elec ¢l "A”".10c Q No Action Taken. Mayteg Co cum pfd Regular. Pe- Company. Rate. riod. Maytag Co Ist pfd 5150 Q May 2 Apr. 29 North Amer Gas & Elec 36 _pfd 130 May 1 20 Process Corp 5c May 1 1 SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) Bid. Offer. 1937 . 8 can 65 1933 American 5izs 1943 Amer Wat. Wks. & EI 55 1934 Baltimore & Ohio 4'%s 1933, . Belding Hemingway Co. 6s 1936 Bethiehem Steel Corp. 55 1936 Canadian Nor. Rwy. 4's 1935 Northwestern R R 5s 1933 c: n 1934 Lor 55 1933 do & So. Rwy. ial Credit C Delaware & Hudson Denver & Rio Grande 4': Gen. Mot Accep. Corp. s Seneral Petroleum C 5 crown’ . e Q Pay- Hidrs. of able. - record Apr Apr. 55 E & W, Texas 5s Oil ‘5125 1932 ht Co. 55 Nashville 5 i i & H.4s 1934 thwestern Telep. 41as 1934, 1836..... 55 1935, ir Crude Ol Co. 5'zs 1938 rn_ Pacific 55 1934 L LMS. Ry on Elec. Lt on Oil Co. v a Rwy. & Power 55 Wabash Rwy. Co. 5s 1939 8 5615 10075 98 991, 62 R &G. 45 & Pow. 55 of Calif 1933 1933 1935 8415 1934 99°% .60 Elgin, Scotland. is fighting the plan of adjacent counties to build a tuber- culosis hospital near a public school in the city. . Low. Close, 50 8610 69 86 99% Unit Drug bs | Utd King 53353 U'S Rubber 65" Un St W 6%s AT, A StW6%s Al TAStW 61as C'51, 199 | Uruguay 6s60. ... 100 |Uruguay 6364, ] 1008 | Urusuny 854520 i ah P & L 5544, 44 | Util Pw 5859 ww.. 0% | Ut Pow 51847 4915 | Vanadium St 5s'41. 471 | Vienna 6s 52... Va Ry & Pw 5834, Wabash 1st 5539, . Wabash 5s B '76. Wabash 5s D80 Warn Br Pic 639, 96 92 5618 West El db Gs'44. West Pac 0s'46. West Union 58 '51. West Unlon West Un 6= '36. . 6337 ww. Wil & Co 1st 641, . : Wis CentTm 45 '36. 49 Yokohama 421 Ygsin S&T 58 A'T k| & nesneEmanioaioan ula alaBana 8 2 from panied reports of enlarged damage to| AS OFFERINGS GAIN |Early Advances Are Wiped Out as Pivotal Issues Decline. BY JOHN A. CRONE. i NEW YORK, April 11.—Trifling gain: Exchange today were quickly erased the session progressed. Unlike in se | sions last week, the selling was not con- centrated in a few Midwestern cities, {but came from many quarters. Mo: of it was of the liquidating variety. Electric Bond & Share was down more than a point in forenoon dealings as Boston dispatches indicated that officers of the company in their own name held only a little more than or fifth of 1 per cent of the present 4, 965.489 shares. Cities Service was off fractionally, along with Standard Oil of Indiana and Standard of Ohio. Constructive news developments over the week end started a rise in overseas markets, which was not reflected here. Scattered reports of trade improvement from various financial centers had little market effect. Even the rally of Satur- day’s session and emphasis on the fa that several bear markets, especially that of 1921, turned upward after the the liquidation. Commodity declined again. and the steel re were hopeful rather than cheerful. Deere & Co. staged a moderate as it was pointed out that it has in working capital for every $1 of m ket valuation. Consolidated Ga. Baltimore, however, sold off more WS than sales of electricity by that the first two months cf 19 jonly .56 per cent from the s period. Ford Motor of Ca | dipped below the 9 level pointed out that buying power of the Western Dominion farmers must be restored before sales can turn upward. DISTRIBUTION OF LIFE decli me 1 da again as analysts By the Assoclated Press. The distribution of life insurance in- vestments, as compiled by a leading compan follows, for periods: (In percentage.) 1906. 1921. 1991 road bonds and stocks.. 348 ; utilities bonds o + bonds and rm mortgages . ther 1 Ra P C 5.4 08 v loans a; 130 T assets i1 compilations show life insurance comp: tates b total as $20.200.000.000 in which represent the equiti than 68,000,000 policyholders amounts to an average of about $297 for each policyholder $109,000.000,000 of insurance is in force, estimated to be about 70 per cent of the world's total, The assets of these companies during 12 Authoritative legal reserve of the United exceeding greatest war in history, epidemics and extreme swings in business cycles, in- creased in relation to national wealth from 2.3 per cent to 5.6 per cent. The total assets of legal reserve compani in this pericd increased by 590 per cent BONDS ON THE CURB MARKET. s, et C_Gas 65 ix GG 81as A 37 ww El Boston 45 ‘32 ec P & L 55 A noire OKE 8! 1o e 3 restone Tir sk Rubber or id; ok ek owa-Ntb L&P 5 owa-Nh L&P 53 B 6 Lehigh P ¢ 1 Mass Gas 5tus 18 Mid West Ut 4 Mid West Ut 3 Mid West Ut 5 10 Mid West U 1N 1Pac G & E 16 Pacific G & No i £ D E G&E cv 65 38tand Gas & E 65 €6 Stand Inv 5i.s 30 andard P & L 65 '3 n Oil 5'z 39 Swift Co 55 2 Ulen 2% & Ry 5ias PaL s % 54 A 57 48 FOREIGN BONDS. 53 Buen Air Pr Tl.s '47 421, 3Cent Bk Co 65 B 383 1Ercole Mare 6 9 1 Eur El Cp 6 15 Europ Mtg 1Finld R 5 Gesfueral 6s i 53 3 Melbourne 7! 1Mendoza Pr 7 2 Santiago Chile 7 6 Saxon Pub Wk 55 1Terni Soc 615 A ‘53 4Unit Indust 6'2s '41. ww—With warrants. Without warrants. n—New. wi—When issued. | registered at the opening of the Curb . seventh major downswing failed to stem : averages | 4 points despite the fact that industrial | omany in | INSURANCE INVESTMENTSI comparable | In all, more than | the last 25 years, which included the | Stock and Dividend Rate. Alexander Indus Aluminum of Amer 47 Alum Co. Am pf(3). nn Goods(60c) . 1 Cit P&L A (a2 Am Ci Am C Am Founders. ... Am Gas &l ($1) Dt ( Am Lt & Tr ( Am Manufa Am M: Am Maize Prod (1. Am St Pb Sve A Am Superpower. Am Super 15t pf(6) Anzlo Chilean Nitr. Appalachian Gas. . Arkansas Nt Gs A Atk Nt Gs pf (60¢). Asso El Ind Ltd & lectrie EEAD%. Asso Gas & r Atlas U Au zenef Tnd Loan 1% sCo (EW). ie Ridce 10 Ridge Canad! Cent T Comwth mwlith & Sou war ck Tunnel AMem pf.. Cons Gas Balt 3.60. 14 Cons Gas Uil A... 1 Consol M&S(1214), 20s “opeland Prod, Inc. 1 Cord Corp. .. 18 Creole Petro Cresson ( Crocker Wk Deere & Co De Forest | Detroit Afreraft Driver Harris Durant Motors. Congo eler.. East Util Asso cv | Eister Elec Corn c B & S pf (6).. ¢ Pwr Asso (1). c Pw Assc A (1) c P& L op war. 1t Motors. ... Flintkote (A).. Ford Motor Can rd M Ltd Foundation For Fox Theaters (A).. General Alloys. General Aviation.. 9 Unwr Idman Sa Graymur C | GtA&P T n v Gt La { Gulf Ol of Fa Hecla Mining (40c) Hele | tmp Oil ¢ { Ind Insull Inv. Ins Co N { Insura : Intl Hold & Inv.. Int Petrol (1). . | Int Superpower (1) Int Uil B.... Interst Pw Kinzs C | Kirhy ¥ ol ihwt and. ... -Br Am sh. Lepf D5 508 im Lefcourt Rity 1 Lefcourt R pf (3). | Leh Coal & N (1) it 80¢ Magdalena Mass Util Asso. . Mass Util cv pf Mavis Bottli Mayflower A Mid Sta Pet Midl West Utilit Minn Honey pf (6). Miss | £(5).. 100 Mohay tl Fuel C tl Inve i Pw pt (6) 1408 40} New Jersey Zine 2 eam (2 N Y Tel pt (632). Niagara H Pw(40¢) Niag Sh Md (20c) Noma Elee (40¢ North Europ Oil REAL ESTATE LOANS ‘Made at Low Interest Rates TYLER & RUTHERFCRD Avplications invited on high-class apartments and dwellings, and_particu- larly on well located business properties, for 3. 5 or 10 years, if so desired. 1520 K St. NW. National 0475 IWE PAY 5% INTEREST ON YOUR SAVINGS 3 Months’ Income Is a cash reserve that will take care of almost any emergency. A part of your present monthly income saved regularly will soon grow to 3 months’ salary. Open an account today with us, . . . Open Daily 9 to 5 Saturdays Until Noon BUILDING ASSOCIATIO L2.99 NINTH ST N, | Novadel Azne (4).. | Pant Stock and Sale— Dividend Rate. Add. 00. High Low. Northern Pipe Line 1 3 31 81, pf (7). 508 TR o | TRADE 1§ HOPEFUL Week, Ohio Copper. . oard Mo ac G&EL 1 a Am Alrw O 5. 0o tust P (3). Pw (3). ot Parker Penn W it By the Associated Press, CLEVELAND, April 11.—Steel pro- ducers expect the first wave of buying from the automotive field this week, the magazine Steel sald. “Ford has taken prices on fender stock.” the magazine stated, and “a Northern Ohio mill has reopened on the strength of an order for strip and piates. Many mills report more liberal releases against old direct orders and | broader ingiury from parts makers. "It will take several weeks to put pro- duction above 1,000 and steel needs will accelerate gradually, but steel-making operations at Pittsburgh, Youngstown, Cleveland and Chicago should feel some impulse beginning this week. “This Ford influence may ‘turn the corner’ in steel production and supply a rebound from last week's decline of 1 point to 22 per cent. a rate no better than New Year week and the lowest then. Sentiment also was at its t ebb last week and the daily ingot rate in March eased to 52,253 tons, 24.6 per cent of capacity. “Helping the automobile industry to lighten the background of this dark picture of production is the noteworthy activity — considering the times — in building. Topped by the award of 8,600 tons for a bridge at Troy, N. Y., struc- tural awards last week totaled 17,303 tons, compared with a weekly average of 12,839 tons for 1932 to date. “Rallroads are ordering only track fastenings in quantity, but an.improve- ment in [reight traffic of Western lines and reopening of more repair shops build up hopes of slightly larger steel requirements. reign iron and steel are increas- ageravating, penetrating as far as Cleveland “Due mainly to reductions in foundry pig iron at Chicago and basic iron in % | Eastern Pennsylvania, Steel's iron and T o 5% | steel price composite this week is off 7 Tubize Chatel B..., 2 2%z | cents to $29.74, lowest since November, Tung Sol Lamp (1) 6 [1915. Finished steel prices appear to be Un Gas of Canada., 21, | holding fairly well, though under some Un Amer Utilities 1, | Pressure at Detrqit. Steel's finished steel United Corp war i, | Composite Temains $47.62 ‘and the steel ::,m.(; Founders, « | Works’ scrap composite continues $7.87.” nited Gas. . 3 s | United Gas pt (1) | DEERA 1% 22l 2 CRUDE OIL AT $1.25 S0l G BT N MIDWEST FIELD | L t Shoe Mch rofit Shar. Jairy A (6 - By the Associated Press. FINDLAY, Ohio., April 11.—Increases ‘4 of from 10 to 25 cents a barrel in the + | price of crude oil were posted here to- ‘hoenix Secur Corp 4 Pioneer G \doah pt Sou Ca sthland Roy and Ol Ind (1) and Oil Ky (1.6 tand Oil Nebr ( Stand P&L B (2) Stand Pub Srv Swift Intl (44) Swiss Am Tobacco Prod Del, , Todd Shipyard ( 1opah Mir sLuxDLP§, 1 Tri-Cont Corp wr. Triplex Sfty ¢ day by the Ohio Oil Co. The Sunburst, Montana grade, went 1 |up 25 cents to $1.25. 6% The following grades increased 15 1 | cents each to these new prices: Lima, 415 | $L.15; Indiana, 75 cents; Illinois, $1.10; Princeton, $1.10; Western Kentucky, $1.05; Elks Basin, Wyo., $1.20; Grass Creek, Wyo., $1.20; Big Muddy, Wyo, 98 cents, and Rock Creek, Wyo., $1. New prices on grades increasing 10 cents were: Wooster, $1.25, and Lance Creek, Wyo., $1.15. Guaranty First Mortgage Notes & Bonds Yied §% JNith Safety Invest your idle funds fn the safe investments. Secured on income-producing prop=- erties in the Nation's Capital, Denominations from $100. May "be 'purchased = on monthly payments. Send for Booklet, “The Success Plan® rape J (1) Wenden Copper Wil SRC(T0e) Woodley Petrol 4 Woolwrth Lta 9% Dividend rates 1 quarteriy R A, 1008 4% 1in stock. b Payable in 1 Plus Washington Produce Butter—One-pound pr: Eggs—Hennery, 13a14; 11a12. Poult young . 27; tub, 26, current re- ive-—Old toms, 15a18: hens, 23a26; crooked ing broiler to 3!, Leghorn broilers, 20a22; ickens, 18a20; stags, 12; hens, 20; medium, 17a19: Leghorrd hen capons, large, 30a3: small, slips, 18: roosters, ki . young, 45250 old, 25a30. Poultry. dressed—Turkeys, old toms, | 18a: young tom 25; hens, 26a29 crooked breasts, Spring broilers, | 11; to 3!5 28a30; Leghorn | ilers, 21a23; large, Winter ¢ large, roosters, medium, Leghorn capons, large, 33a35; | slips, 21; roosters, 13; 60270; old. 30ad0. Meats — Beef, prime, 14; good, 13; | veal. top, 13; good. 12; lamb, top, 1 good, 16; pork loins, 13; fresh hams, smoked hams, 7. strip bacon, 1 714; compoun ruits — Strawberries 50; apples, box COLUMBIA BUILDING ASSOCIATION PAYS 5% New Accounts Solicited pints, 22; bushel baskets. stock, 1.50a2.5 lemons, 4.00a4.50: | ; honeydews, Chile, | 1.75a2.00; pears, 3.50a4.50; alligator | pears, 2.00a3.00; pineapples, 4.25; ba- | nanas, 1.00a2.00; limes, per 100, 2.00; | rhubarb, hothouse, 75a85; plums, 1.50a. 00; nect 0; cranberries, 4.50. Vegetables—Potatoes, Maine, = 100- pound sacks, 1.25a1.40; New York, 1.15; Idaho bakers, 2.25a250; new, bushel, | 175a2.00; seed, 150-pound sacks, 1.75a 225: sweets, 75a1.00; string beans, 5.00 : limas, 6.00; spinach, Texas, 1.00a Norfolk, 75a1.00; kale, 40a60 2.00a2.10; celery, 2.50a3.50 cggplant, 3.00a3.50; peppers, 3.50a4.00° | cucumbers, Florida, baskets, 4.0085.00; turnips, crates, 3.00a3.50; beets, 2.75a | carrots. 3.50a4.00; home-grown, | . 2.00; tomatoes, 6 pans, originals, 2.50a3.00; repacks, 3 pans, 2.25a2.50 mushrooms. 85a1.00; peas, California. tes, 5.00a5.50; Florida, baskets, 3.00 | squash, 3.50; lettuce, Iceberg, 5a2.50; asparagus, California, dozen bunches, 4.0028.00. ranges 3 . grapefruit, No Commissions Charged for Loans Open Until 5:30 Government Pay Days 716 11th St. N.W. Under Government Supervision MORTGAG MAKE SURE OF FUTURE EASE by investing in our 62% FIRST MORTGAGES There is no element of speculation —for the principal is amply secured by mortgage on conservatively ap- praised improved Washington real estate. And the return is fixed at this liberal return continuously. Over a Third of a Century Without a Loss May be purchased in amounts from $250 up. SUBSTITUTE FOR SAFETY