Evening Star Newspaper, May 27, 1932, Page 14

CTA—14 wwx - DECLINE IN STORE | . SALES REPORTED April Figures Off 16.8 Per Cent From 1931—Capital Traction at 10. BY EDWARD C, STONE. i Detailed figures from the Federal Re- serve Bank of Richmond show that de- partment store sales in Washingion iny April lacked just 16.8 per cent from | being equal to the trade total in April, 1931. This was a better showing than for the whole fifth district, which was off 209 per cent in sales, botter than Baltimore, which was down 21.3 pcr cent and ahead of Richmond, which was 23 per cent under April salés a year 2go, 7 Wnsl%ington is also lucky in the show-1{ ing made in the first four months of 1932, being but 14.3 per cent under the like period in 1931, while the fifth dis- trict as a whole was down 17.6 per cent, Richmond off 17.9 per cent, Baltimore 19 per cent and a group of other cities 24.6 per cent. The Capital led all other Cities in the territory in the rate of stock turnover in April compared with business in April a vear ago, although Richmond had a better turnover com-= pared with the previous month cf March, 1932 ! Teday's report from the Reserve Bank | of Richmond, after noting that reteil sales in the entire area averaged 20.9 per cent less than in April. 1931, says that part of the decrease was probably| jue to the earlier date of Eastr this The report adds: tock of merchandise chinged very | little in the reporting stores duringi April, but at the end of the month averaged 13.1 per cent less in selling} value than stocks in the same stores on April 30, 1931. The stores turned their stocks .296 times in April and between January 1 and April 30, this year, stocks were turned an average of 1.127 times, e lower figure than 1.207 times stocks were turned in the first four months of 1931. Collections were slower in April, 1932, than in April, 1931, the reporting stores collecting 27.1 per cent of outstanding receivables last month in comparison with 28.8 per cent collected in April last year. All of the cities for which individual figures are available showed lower percentages for the current s34 263, 391, 881 FINANCIAL. 1932~ Stouk and Dividcnd Rate. Abitibl Par & Paper. Adams Eapress..... Addressograph (1). Adv Rumley.. Affiliated prod 1.60. . Afr Reduction(t4%). I Alaska Juneau (50c) Alleghany Corp. . Allegheny Steel. Allied Chemical (6).3 Allis-Chalmers(50¢) Amerada Corp (2)... Am Agri Chem(Del). Am Bank Note. .. Am Bank Note pf (3) Am Br Shoe (1.60).. Am Brake $h pf(7). Am Can Co (15).. 3 Am Car & Foundry.. Am Car & Fdv of (1) Am Chicle (13). Am Colortype. . Am Com Aleohol n Am & Forgn Pwr. Am&Forgn Pw(T)pf. Am & For Pwr 2d nf. Am Haw St'ship (1). Am Hide & Leather., Am Home Prod 4.20 AmIce (2)... - Am International. ... Am La France&Fom. Am Locomotive Am Mch & Fdy 1.4 Am Metals pf. AmPwr &Lt (1).... AmP&Ltpf A (5).. Am Pwr & Lt pt (6). : Am Radiator Am Rolling Mills. Am Smelt & Ref Am Sm&H pf (6) AmSm & 'z pf (7). Am Snuff (133%).... Am Steel Foundry. Am Stores (t2%)... Am Sugar (2). Am Sugar pf (7) . Am Tel & Telex (3) Am Tobacco (16).... Am Tobacco B (16) Am Tobacco pf (6).. Am Water Wks (3).. Am Wat Wks efs(3). Am Woolen Co pf. Am Zinc & Lead... Anaconda Copper. Archer-Danfels (1 Armour of 111 (A) Armour of 111 (B) Armour of 111 pt Artloom pf : ssociated Apparel.. Asso Dry Goods Atchison (4).. Atch To&S Fe pf(5). Atlantic Coast Line. Atlantic Refining (1) Atlas Powder pf (6). Auburn Auto (f4) Sales— Add 00. High. 1 3 3 27 6 3 20s 141 6 1 1 2 2 10% 10% 1% 1% A% 4% 38% 35% 10 9% 5t 10048 12 11 19% THE EVENING Net. Low. Close. Chge. | ~Prev.1932~ 40t 2% 248 37 88 24% 874 60 28% 16% 14% 14 24% 6813 21y 7 b4 6% 199 5% 18% 61 14 4 T 93, 354 1315 30% [ High. Low. 215 % 6 2815 828 915 623 33% 9 Stock and Dividend Rate. Gen Food Corp (3).. Gen G&E A (b6 % stk) Gen Gas&E cv pf(6). Gen Mills (3). Gen Mills pf (6) Gen Motors (1). Gen Motors of (5). Gen Prtg Ink pf (6).. Gen Rwy Signal (1). Gen Realty & Util pf. Gen Refractories, Gen Theater Equip Gillette Stf Raz(1).. Gillette Saf R pf(5). Gimbel Bros. . . idden Co. . . Gl'dden Co pr pt (T). Gobel (Adolf). . Gold Dust (1.60). Gondrich (RF). . Goodyear Tire&Rub. ioodyear 15t pf (7). Gotham Silk Hoslery Graham-Paige Granby Consol Cop. . Grand Unon. ... Grand Union pf (3) 3 Granite City Stl (2)., 5% 6 6 3 11 10% 14 an Grant (WT) (1).... Great Northern pf(2) Great North Ore(2). Grigsby Grunow. . Hackensack W (14) Hacken Wat pf A 1% Hahn Dept Stores pf. Hanna pf (7)........ Hat Corp (A).... Hayes Body Corp.... Helme (GW) (17)... Hercules Mot (80c).. Hercules Pow pf (7). Hollander Sons. . Houdaille Hershey Houston Oil Howe Sound (1).... [ludson Motor C Hupp Motor: Minois Centra Indian Motor Cycle. . Indust Ravon (4) Ingersoll Rand (3).. Inspiration Copper Ins'sharesDel a62l.c Interboro Rap Trans Intercontl Rubber. .. Interlake Iron. ... Int Bus Machine(n§) Int Carfers Ltd(40c). Int Cement. .. Int Combustion Int Harvester (1.80). Int Hydro E1 A (e2). Irt Nickel of Can.... Int Paper & Pwr (C). Int Paper & Pwr pf.. Int PrintgJnk pf (6) Int Rys Cent Am. ... Int Rys of CenAm p Sales. Add 00. High. 44 12 2 n7 1 179 5 10s o Pm oonBatommReme 5 o 102 L 10 M1 10 C1 i 00 A 130 NS IS A 1) B ) 1 o g3 53 24 STAR, WASHINGTON, Net. Low. Close. Chge. 21% % 6 28% 82% 22 —17% ~Prev.1932—~ Stock and High. Low. Dividend Rate. 15% 4% Purity Bakeries (1). 10% 2! Radio Corp... 18% 61’h Radio Corp pf B. h 24 ¥ 8 Real Silk Hoslery pf. Remington-Rand. ... Rensselaer & Sar (8) Reo Motor Car. Republic Steel. Republic Steel pf Reynolds Tob A (; Revnolds Tob B (3).. Rhin W EL P (a1.06). tio Grande Ofl...... 12 Rossia Ins of Amer.. 5 ral Dtch (a8lc) 19 371, Safeway Stores (5).. 40 60 Safeway Strspf (6). 10s Safeway Strspt (7). 30s StJoseph Lead...... 9 St L-San Francisco.. 3 San Franpf.... 4 hulte Ret Stor pf.. 10s Scott Paper (140)... 408 Seaboard O] Del 40c. 17 Sales— Add 00. 20s 26 20s 1% 85 113 2% 6 & 27% 11 174 3708 217 2 1 Shell Unlon Oil Simmons Co. Skelly Ofl...., Socony-Vacuum 80c. 4 Solv Am pf ww(5%) 3 5 South Port Rico Sug. 1 Sou P Rico Sug pf(8) 20s Southn Cal E4 (2)... 6 Southern Pacific.... b8 Southern Rallway pf 1 parks-Withington.. 3 Spear & Co 1st pf.... 1108 Spicer Mfg. . . 8 Stand Brands (1.20). T3 and Com Tobacco. 1 and Gas&El (3%). 69 and Gas&Elpf (4). 1 nd Gas&El pf (7). 2 ard Ol Calif (2).. 40 Stand Ol Exp pf (5). 3 Stand Ofl of Kunsas. 4 Stand O1l N J (12) 195 erling Secur cv pf. 1 ewart Warner..... 10 one&Webster(50c) 15 udebaker Corp. ... 24% SunOll (1)..... 3 Sweets Co,Am (bl 2 9 6 1 9 Telautograph (1.40). Texas Co (1) Tex Gul Sulphur (2). Tex Pacific Coal&Oil Tex Paclfic Land Tr.. Thatcher Mfg Co. ... The Fair.... Thermold Co. Third Avenue. - Thompson (J R) (1). Tide Water Asso Oil. Tide Water As pf(6) D. C.;, FRIDAY, MAY 27, 1932. ~Prev.1932—~ High. Low. 36% ’ Net. . Low. Close. Chge. o 4h - % o 2% 5% 5 1% 3 10% 1 % 1% 2 57% 65 2% 10 2 1% 15% 94% _35% Un Pacific 16% 46 28% 14 20 10% 388 53 30y 21% 94 11 9314 314 51y 8 25% 314 314 T 15' 15' 815 5% 11% 19% 11 52% 26% 113 65% 3 * 20 144% 50 24 10% 14 18% 5% Vanadium 35 25 Van Raalt, 1 13 V 615 3la V. 214 Unit Cigar 3 4% T 13% t Fruft Unit Gas&: Unit Gas& Unit Piece U U S Gypsu, U S Indus Univ Leat Univ Ple 1 29 Stock and Dividend Ri 16% Un Carbide & C 1.20. 13% 9 UnOilof Calif(1.40) 7 Unit Afrcraft 30% Unit Afreraft pf (3).. 15 Unit Biscuit (2). 714 Un't Carbon. Unit Pice Dye W(1). 887 6915 Va Elec&Pw pf (6). 2 9% Vulcan Detinning. .. + FINAN Bales— Add 00. 82 18 103 30 4 " Net. Low. Close. Cha: 16% 9% (6). 364 Store pf.. 4% Unit Corp (40¢c) . 25%% Unit Corp pf (3 Unit Electric Coal (2)..... Tm(1.20). Im pf(5). 5 DWpt 6% 100s % US & Forn Secur.... & Forn Sec pf. .. U S Freight. m (1.60).. Alcohol U 'S Leather. .. U S Leather (A).... U S Pipe & Fdry (2). U S Plpe&Fy 1st 1.20 US Realty & Imp..., U S Rubber. . U S Rubber 1st pf U S Smtg & Ref (1) U S Steel. . U S Steel pt (7). United Stores (A) Tob (3). st pf (8).. Util Pwr & Lt (A) Corp. . e 15t pf. Wabash R R. Waldorf S; ys (1%). . Warn Bros Plctury 4 Warner Quinlan. .. Warren Found & P.. Wesson Oil&Sn (1).. Wesson O&Sn pf(4). West Pa Elec A (7) West Pa El pf (6) West Pa El pf (7) Western Dairy (B). Western Maryland. . Western Unfon (4).. -1 Westing'se Alr B(1). Westinghouse (1)... Westinghse 1st (3%4) Weston E vaco ec Instru.. Chlor (1). White Motor. . White Rock (4). Wilcox Ofl & Ga Willys-Ov erland. Wilson & Co.. Wilson & Co pf. Woolworth (2.40) Worthington Pump Worth Pump (A). Worth Pump (B) . s, | entire active list CIAL. STOCKS IN SLUMP .| DURING LAST HOUR Trading Increases in Final Dealings as Sharp Break Occurs. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, May 27—The stock market, after pursuing a lelsurely lower course during the first four hours, slumped to a fresh low level for the | bear market in the closing hour today. Volume increased sharply on the de- cline. The fulcrum that disturbed the list was the reduction of the dividend on General Electric common from $1 an- | nually to 40 cents. Immediately large | blocks of General Electric were thrown | on the market and the price was forced | down an eighth between sales until a | new low was reached, nearly 3 points | under Thursday's closing price of 1215. | Westinghouse "was sold as actively, dropping to a net loss on the day of around 5 points. This unsettled the |, In the rails Union Pacific was off 1 | 2 points. Atchison was within an eighth 2 | of its previous low. The leading utility *| issues ‘made new bottoms. American », | Telenhone was off nearly 3 points, Con- '¢ | solidated Gas over 2 points and Public il ’:;pr\'icp of New Jersey more than 3 * | points. General Motors led it - e equaled its pre: | Apart from the glcominess of ra and industrial earnings reports and (o +| dividend omissions re was little in the news. Developments in Washington Were not encouraging to those who be- lieve that a general sales tax is the way oout of the budgetary problem. Stocks opened irregularly. sold off, allied. and at noon were only slightly , |under the preceding close. Weakness « developed in Beechnut Packing, which » broke 6 points on moderate offerings. For the first quarter the company re- ported net for the common equivalent 0 $1.07. against $1.20 a share in the same 1931 period. The balance sheet '3 position as of March 31 was exception- » ally strong. Cash alone was more than . | four times all current liabilities, besides % | which there were United States Gov- * ernment bonds of a value more than three times all current debt. There is ¢| nothing so far as known in the com- pany’s financial condition to warrant the break in the stock. Presumably it was another case of liquidation without relerence to value. Austin Nich pf A 135 Aviation Corp (Del month. Capital Traction Sells at 10. Two small sales of Capital Traction stock were recorded on the Washington Stock Exchange today at 10, the lowest | point this issue has ever reached. The! two sales were made at the opening of | the marekt and were for five shares| each. 5 | A great deal of Capital Traction stock was bought several years ago around $100 a share as a sound investment and | not a speculation. For a long time the | stock sold in the eighties and nincties. and at that time was one of the lead- ers on the local board, the vearly vol- ume of transactions reaching h:ghl ires. e aid that much of the stock| that cost $100 a share is still owned by the original buyers. The idea has| prevailed that there would be a merger | of the local street car lines and that the Capital Traction stockholders would profit by such a move. The stock/ has slowly but steadily worked lower since last July, when the cut-rate taxi- cabs began to swarm the city streets. Earnings soon began to reflect the keen competition and dividends had to_be lowered. : 3 Today's market closed with 10 bid and 1215 asked. The next stock sale was in Potomac Electric Power 6 per cent preferred, which sold at 107!» for five shares. Washington Gas Light stock hit a new low on the present Gan sdlan Paciisliid move, 10 shares selling at 75. One Conadian Pacinods. other stock sale took place during the| = A session, five shares of Washington Rail- Capial Admin ()5 way & Electric preferred moving at 79 el Rding Bond sales were confined to Wash- “ase (J 1) pf (1).... ington Gas Light 65, series A, $300,| $200, $100 and $400 solling at 98%: | and $1.000 at 98!, | C. & P. April Phone Net Lower. According to_the monthly statement filed by the Chesapeake & Potomac| Telephone Co. with the Public Utilities Commission, balance before dividends in April totaled $150.495 against $170.- 902 in April, 1931. For the first four months of 1932 balance before divi- dends totaled $629.503, in comparison | with the higher figure in the like pe- Tiod last vear of $5900.505. Telephone operating reven ] larger B han a vear ago, being $812.206 against $785.845. AU the same time operating expenses were heavier, $572 852 against $514,624, leaving net oper- oy ating revenues of $239.354, compared| . Cocs A A s with $271.221 a year ago, or a falling| ¥ Colemia EalRi2 ), of o A i Colo & Sou 1st pf (4) The report shows an increase in un- Solo £ ORI collectible bills, larger non-operating ColmbiscReb i Tevenues and interest deductions of A LN - c c Int Shoe (3) Wrigley (Wm) (4 Int Silver. Int Tele & Teleg. Investors Equity Tide Wat O1l(a2s). Timken-Detroit Axle 13 Yellow Truck. Timken Roll B1%.. 3'x Young Spring& ‘Transamerica Corp. . 2 5 Zonite Products(60c) Tri-Contl Corp 3 Tri-Contl Corp pf(6) American Stores was another stock to g0 into new low ground here. As else- where in the list, the process seemed to be bringing “into line” stocks which had not been subjected to pressure hereto- fore. | Preferred stocl agged. as they have consistently in recent sessions, and this was true of the investment and specu- lative types alike. Public Service Elec- tric & Gas preferred, only a fraction above its extreme low. was an example | of the former, and American Smelting & Refining 6 per cent second preferred, at a new low, an example of the latter. Rails yielded a part of the ground gained vesterday. The April earnings | statements coming to hand made the usual dismal showing. to which the Street ought to be hardened by this time. The period ring their re- ceipt, howeve bardly a time to_ex- pect any rally in carrier shares. New York, Ontario & Western was again an outstanding exception, with increases of gross and net over April. 1931. Bangor & Aroostook increised its net also, but neither of those stocks has any im- portant speculative qualities. SILVER QUOTATIONS. | NEW YORK. May (P —S8il- % | ver futures steady: sales, 250,000 ounces. 7.95 bid: September. 28.10 bi 28.25 bid: December, 28.70 bi . 28.95 bid. ldwin Loco pf.... Baltimore & Ohlo. .. Balto & Ohio pf..... mberger pf (6%). 19 5 Sales of Stocks on New York Exchange. = . 3 : 3 . 100,000 :2:00 Noon 0,000 Trico Product 5 s L b ° y 13 Truax Traer Coal. . 3 130 P. . 400,000 2:10 P.M......... 600,000 Ot R i Dividend rates as given in the above table are the annual cash win City Rap Tr p payments based on the latest quarterly or half-vearly deciarations TPartly extra. iPIus 4% In stock. & Paid tiis yeir—no resuinr rate. b Payable in stock. e Payablé tn cash or siock. 1 Plus 8% in stock nPlus 3% in stock ) Plus $1 in special preferred stock. kPlus 3% I5 stock ' mPaid last year—no reguiar r nPius 5% in stock. P Plus 2% 1a stock 35 16 Jewel Tea (1414 251 10'a Johns-Manvtlle Barnsdall Corp... p B4 41 Jones & Laugh pfi4) trice Cream (4) 1 9% 3 Kaufmnn DS (800). b ut Pk (3).. 25 ( 9% 55 Kayser (J) & Co. . Belding-Hemingway X 1, Kelly-Spring Tir ndix Aviation S PEine ctrs Spr T 8% pf. T 87 pf efa. sey-Hayes Wheel Kelvinator Corp..... iKendall Co pf (6) 51z Kennecott Copper. .. 19 Kresge Dept Strs pf. Kre: ) (1.60). e ( praT).. Kress (SH) Co (j1). 10°s Kroger Grocery (1 30 913 Unde - 8613 Und- h pf (7). 6% 6's Unton Bag & 10 e Bethlehem Bethlehem Sti pf Bohn Alumn & Br: Borden Co (3). Borg Warner (1). Rrizzs Mfg (1). ay Mot Trk. . 1an Tran (4) fan Tr pf (6) n & Queens. .... n&Queens pf(6) n Unfon Gas(3). SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co) Bid. Offer. -~ Washington Stock £xchange NEW YORK BANK STOCKS | SALES. | Allis-Chialmers Co, 55 1937 ) Capital Traction Co.—5 at 10, 5 at 10 NEW Y ;27 s Ameri f s 2 Potomac Electric 6/ pfd.—5 at 107 o SORE. Mxy 31U —Ower-the- | Ao e Th e T Tus 1o 10he 8% 2 e B &l cotiler muarket Amer. Wat. Wks. & El 5 1934. 65 697 Washington Gas Light—10 at Baltimore & Ohio 4'.s 1933 i Washington Gas 6s A—S$300 at 98',, Belding Hemingway Co. 65 1936 $200 at 9874, $100 at 98',, $400 Bethlehem Steel Corp. 5s 1936 8054 98! ;. $1.000 at 98!, Canadian Nor. Rwy. 4',5 1935. 911, 915, Washington Rwy. & Elec. pfd.—5 at 79 . Chi. Northwestern R. R. 5s 1933 Chicago Rock Island 4s 1934 Bid and Asked Prices. BONDS. Cleve. Lor. & Wheeling 5s 1933 . | Colorado & ‘So. Rwy. 4'.s 1935 PUBLIC UTILITIES. | Amer. Tel. & Tel. 4.5 ‘39 Commercial Credit Co_5':s 1935 Delaware & Hudson Co. 5s 1935 | Denver & Rio Grande 4'gs 1936 Gen. Mot. Accep. Corp. 6s 1937 Am. Tel. & Tel. ctl. tr. 5s Anacostia & Pot. R R. 55 & Pou Guar s ... 'l‘) Xlt 187 6% ZreanfecBaRn IS Bkly B 3 Lambert Co (8) 3 i Lee Rubber & Tire Lehigh Valley R R. .. Lehman Corp (2.40). Lehn & Fink Prod(2) Libbey Owens Glass. Ligg & Myers B (15) Lily Tulip Cup (1%) Link Belt (1.20)..... Liquid Carbonie (2). Loew's Iuc (14)..... Loew’s Inc pf (6%4).. Loft Ine Loose- - . ‘s 9% Lorillard (P) (1.20). 234 Lou Gas&El A (1%). 32% 7i2 Louisviile & Nash... 5 1'; Ludlum Steel 10 McAnd & For (1.40). 2 McCall Corpn (2)... McCrory Strs pf (6). McGraw Hill Pub. Meclntyre Pore M (1) MciKeesport T P (4). McKesson & Robbins McKesson & Rob's pt Mack Trucks (1).... Macy (R H) (n2).... Magma Copper(50¢c) . Manhat Elev mod gtd Marine Midld(80c). . arket Street Ry Marshall Field & Co. Mathieson Alk (11%) May Dept Stores 1.80 Maytaz ptww...... Melville Shoe(1.60).. Mencel Co.. . Miami Copper. ... Mid Continent Petm, Midland Steel Prod.. Minne-Moline P pf MSIP&SSMpt. 0 Kan & Texas. Mo Kan & Texas pf.. Missouri Pacific. ... Missouri Pacific pf.. Mohawk Carpet..... Montgomery Ward. . Mother Lod: Motor Wheel. Mullins Mfg. 213 Murray Cor 19%a 8% Nash Moters (2) 2713 10 NashChat&StL. 467 28 Nat Biscuit (2.80) 130 115 Nat Biscult pf (7)... 14% 7% Nat Cash Reg (A)... 31% 15 Nat Dairy (2.60).... 159 1413 Nat Dist Prod (2)... 1 491 Nat Lead (5).. 2 99% Nat Lead pf A (7)...x110s 85 Nat Lead pf B (6)... 110s 8% Nat Pwr & Lt (1). 24 Natl Steel (1) 2 Natl Tea (60c). 2 Nevada Con Copper.. 5 N Y Central... N Y & Harlem (6)... Y N H & Hartford. Y Ont & Western.. Y Shipbuilding. N Y Steam pf (6).... N Y Steam 1st pf(7). Noranda Mines. Norf & Westn (112). Norf & Westn pf (4). North Am Aviatfon. . or Amer (b10%stk) North Amer pf (3) North Am Ed pf (6) orthern Pacific Ohio Oil (aZ0c). 15 Oliver Farm Equip.. 21, Oliv Farm Eq pr pf.. 10% Otis Elevator (2. 1% Otls Steel. ... 314 Otis Steel pr pf... 9814 Outlet Copt (7)..... 18% Owens 111 Glass (2). 197, Pacific Gas & EI (2). 413 214 Pacific Lighting (3). 1043, 63% Pacific Tel&Telog(7) 5% 2 Packard Motor Car.. 34% 16 Pan-Am Pet B(1.60). 1144 Paramount Publix. .. 5% Pathe Exchange (A) 4% Peerless Motor Car... 321, Penick & Ford (1)... 3415 Penney (J C) (2.40). 233 Penna Railroad. ... 121 Peoples Gas. Chi (8). 3 Peoria & Eastern. ... Pere Marquette pf Petrol Corp of Am... Phelps Dodge Co. ... Phila Co 6% pf (3).. Phila Co new (6).... Phila & Read C&I.. Phillips Petroleum. ., Pillsbury Flour (2). Pitts Coal pf.. 5 Pitts Steel pf. ... .. Pitts United p! ceen Port Ric Am Tob(A) London, pound 5 Prairie Oll & Gas. ... T B 10l Prairte Pipe Line i 26 Proct & Gamb (2. i3t Proc & Gamb pf (5). Public Sve NJ (3.40) Public Sve NJ pf (5). Public Sve NJ pf (1) 9 86 PubSve GREDpf (5). 86 25 11% Puliman Corp (3)... 10 5% 3% PureOil.. . -10% o _ ¢ 80% 50 Pure OllpL(8)eecass Bucyrus pf (7). Budd (EG) Mfg Budd Wheel. Bullard Co Burrough: Bush Terminal(23%). Bankers' (3) . Brookiyn Trust (18] P General Petroleum Corp. 5s General Public Service 5! | Grand Trunk of Canada 6s | Houston E. & W. Texas 5s | Humble Oil 5izs 1932..°... " 100i3 Laciede Gas Light Co. 55 1934 718 = 7 Louisyille & Nashville 5s 1937 . uly. 2 | New York Cent. & H. 45 1934 42 | New York. Chi. & St.'L. 65 1932 233, | Northwestern Telep. 41:s 1934 62 Penna. R. R. Co. 6'ss 1936 i | Portland Genera! Elec. 5s 1535 80 | Republic Tron & Steel 5s 1940. 47 Sinclair Crude Oil Co. 5'3s 1938 9% Southern Pacific 55 1934 : St. L. LMS. Ry R &G. 45 1933 38 Union Elec. Lt. & Pow. 5s 1933 101'. | Union O1L Co. of Calif. 55 1935 90 | Virginia_ Rwy. & Power 5s 1934 98% lumet & Hecla. “anada Dry (1.20). Georgetown Potomac Elec. Cons Potomac Elec. 65 1953 Wash.. Alex. & Mt Washington Gas 4'zs Washington Gas 5¢ Wash. Gas 6s, series A Wash. Gas 6s. series B Washington Rwy & Elec. 4s MISCELLANEOUS. Barber & Ross, Chevy se Club 5ias Columbia Country Club 5's W. M. Cold Storage bs STOCKS. PUBLIC UTILITY. Amer & Tel. (9) Cepital Traction Co. (2 Wash. Gas Light Co. (18). N. & W. Steamboa 2 Pot. Elec Power 6 L Z Pot. Elec. Pow. 5. 1021 & Elec. com_(7)...*215 . & EL ptd. (5). 8 Doty 1062 Vernon 2 91 10012 9815 1011, 80 cmnBan FomanmmE ot vanBernlaan A STRONG Institution DEVCTED TO THE OP- ERATION OF A MUTUAL- LY BENEFICIAL PLAN WHEREBY WASHINGTON FAMILIES MAY BOTH ACCUMULATE SAVINGS AND ACQUIRE THEIR HOMES. WE INVITE YOUR INVESTIGATION. Open Daily 9 to 5 Saturdays Until e Noon 154 21 e 82 50 99 100 94 v de Pasco Cop Certain-teed Prod Ches & Ohlo (2%). *hesapeake Corp (2) Chi Mil StP & Pac Chi Mil StP & Pac pf. Chi & Northwestern. Chi Rock I & Pacific. Chi R I & Pac 7% pf. Chi Yellow Cab (2).. Chickasha Cotton Oil Childs Company..... 4 Chrysler Corp (1) City Ice&Fuel (3.6 k Equipment . iett Peabody (2) Coca Cola (18). Speciz! Dispatch to The Star. NEW YORK, May 27.—After holding steady for several hours, the cotton market weakened today under increased ! selling pressure induced by a decline in securities and July sold at 5'; cents, | the lowest price since the first of the | | month. Rains in the ncrthern tier of | | Cotton States were beneficial and | brought contracts on the market and | the list closed with a loss of 7 to 10 ce. Asied. | points on the day. Spots were reduced 3 23 5 points to 5.60. Cottcn range: 10012 103 Safety of Principal Safety of Interest First Mortgage Securities vieing % High type investments secured by direct first mortgages on income-producing properties here in the Nation's Capital. Denominations from $100. be May monthly Send for Booklet, REAL ESTATE MORTGAGE & GUARANTY. CORPDRATION 1610 K St. N.W. National 1403 Fabierama in-a Tel. LPEi 25 120 109 104 280 Close. | 552 ] 578 591 599 614 627 nom U. S ;I‘BEASURY BALANCE. | By the Associated Press. | Treasury Teceipts for May 25 were $62,723,110.63; expenditures. $70,965,- | |95837; balance, $434,637.047.30. Cus toms_duties for 25 days of May were $14,925.619.98. July . October December January “The Success Plan” n ¢ PERMANENT BUILDING ASSOCIATION %, 49914 ST.NW,s 2 ¥ S0Ptayision us. 1% TRUST COMPANY. & Tr Co. (15) Scorges Bk. & Tr. Union Trust (8s) Wash. Loan & Trust (14) SAVINGS BANK. Bank of Bethesda (6:) : Com. & Savings (10)..0 East’ Washington (12) .. Potomac (10).... Sec. Sav. & Com. Bk. (17} Seventh Street (12).. United States (30) Wash. Mechanics (20) FIRE INSURANCE. American (12) = Corcoran (10 Firemen's (8 National Union {i5) TITLE INSURANCE. Columbia (61 5 Real Estate (6h) .. MISCELLANEOUS. Barber & Ross. Inc. com . Col. Medical Bidg. Corp. (6).. D, C. Paper Mfg. pfd. e Dist. Natl. Sec. pfd Emer. Bromo-Selz. * Federal Storage (8) Fed.-Am. Co. com. Fed.-Am_ Co. pfd. Lanston Monotype (6). Mer. Tr & Stge. com. Mer. Tr & Stge. pfd. (T Mergenthaler Linotype (1.60). Natl. Mtge & Inv. pfd. (8) Pcoples Drug Stores pid. (6 Real Est. M & G. pfd (8). Security 'Storage (5. Ter. Ref. & Wh Corp. The Carpel Corp. (2). W_Mech. Mtge. com Wash Med. Bldg. Corp. ‘Wdwd. & Lothrop com Wdwd. & Lothrop pfd. ¢ *Ex. diviaend 527, extra bBooks civsed. ¥2'3% extra. n25¢ extra, 837 extra 130c extr: nac ext 510, ex 3% extr: extra. Unlisted Department. BONDS. Army-Navy Club 5s... Cosmos Club 4!zs. 5 Commercial Club Ist 55 Mayflower Hotel 6s.. ... Metropolitan Club 4135.... National Press Bldg. Isi 5% $21.236 against $32,911 in April, 1931. olumbia Blcctier: There was a drop of 16 per cent in| Columblp a3y out-of-town calls, showing how busi- gmin Gredi i) ness conditions in other parts of the i i e country are affecting phone earnings Comel Cretulp ) here. However, there was a net in- Comel Inv Tr pt 6% » crease in telephones ‘"‘Qé’,i”m“,xgi‘f ey about er cent less il, > o 1931. ’I'h:J increase in telephones for :o::ll;:&<zu‘:r!r:§; the first four months of the year was Congolm Nafrn (1) 3,068 as compared with 3,349 for the Congolm Ml @ same period last year. L In April the company handled 20,359~ (Cg:go} gflrmv;;\:?’% 000 calls, compared with 19,192,000 in Sousol Bllmprty.. the same month in 1931. In the first Consol Gas NY pf () four months calls numhcred 79,366,000, e e egainst 73,461,000 a year 2go. e N C. H. Pope Addresses Accountants. | Consol Ol Cp pf(8).. : Consol Texrile. ... At the luncheon of the District of | el Columbia Institute of Certified Public Contl Bakins (A) Accountants terday. at the National | Consl Baking (B).... Press Club, Christopher H. Pope, presi- Contl Baking pf (8).. cent of the District of Columbia Bank- Contl Can (24) . .. ers’ Association, was the speaker. Cont Diamond Fibre., Mr. Pope explained the plan of the Cent Insur (2.40) Owen D. Young Committee of Twelve, Contl Motors. formed last week in New York, and Contl Oil (Del).. what may be expected of it toward the Contl Shares. ..... relief of the credit situation, especially Corn Products (3). when its work is harmonized with that Coty Inc. ... of the Reconstruction Finance Corpora- Cream of Wht 12 tion 3 Crucible Steel pf.... The €0-40 tax plan of the Mapes Cuban-Am Sugar. Committee for the District of Colum- Cudahy Packing (4).. bia also was discussed. J. H. Grice, Curtiss Wright. ' president of the institute, presided. 115 Curtis Wright ( Heard in Financial District. Davison Chemical. Debenhams Security. Grayson M. P. Murphy, head of the | Delaware & Hud 49:‘ New York Stock Exchange house by Delaware Lack & W. that name, called on several friends in Detrolt Edison (8). . the financial district today while in the Diamond Match (1), city to visit the local of Dome Mines (11.20). Seorge O. Vass, vice president and Dominion Storest13 cashier of the Ri ional Bank. Douglas Alrcraft (1) attended the convention of the Nation- Dryg Corp (4)... al Fogesu'y Association, in Baltimore, Duplan Silk pf (8). yester 515 Duport de Nem (3).. Bank clearings in Washington for = the week ended May 25 totaled $17- Rt 271,000, against $20.198,000 in the pre- OVETes s el s vious week and a drop of 17 per cent 1% ElecaMusical Inaten. over the same week a year ago. Clear- 315 Elec Pwr & Tt (1) s (‘;g" e CHniny R as AN R I e 10': Elec Pwr & Lt pf(6). T o Standard Brands, Inc., declared the Lot Bl shras bor regular quarterly dividends of 30 cents 14 FEn\lAt Office Bldg 1%. series A, bo y: % Lol 2% Erfe R R 1st pf. Art Brown, associate editor of Na- 8 Fairbanks-Morse. tion's Business, will address the month- Fashion Park Asso ly agency meeting of the Home Life ¢ Fashion Park As pf.. Insurance Co. of New York next Tues- Fed Lt & Trac pf (6) day noon at the Hamilton Hotel. He Fed Water Service A will speak on “Selling—in These Days.” Fid Ph Fire In(2.60). Net railway operating income of the Firestone T & R (1). Baltimore & Ohio Railroad in April Firestone T&R pf(6) thowed a decrease of $960.659 from First Natl Strs (23%) April, 1931, and off $1.047.179 from the| 12 Foster-Wheeler. first four months of 1931. 21 Fourth Nat Inv 110. B 5% 1'4 Fox Film (A) : 19, Colombian Bond Interest. = 11% Freeport-Texas (2). 17% 6 Gamewell Co NEW YORK, May 27 () —Halgarten | 35% 11 (Gen Am Tank Carcé) & Co. and Kidder, Peabody & Co., fiscal 15'2 74 Gen Asphalt (1) agents for the $25.000,000 Republic of 195 Colombia 6 per cent external sinking | ns 100 30 200 40 & © TRy e U p Y poe S SRey L) 6l 13% 97 NO 20 of a Series of Reasons wh selecting a bank—the Columbia Merits YOUR Consideration. —when ational ‘OUR Safe Deposit Vault ASSURES COMPLETE PROTECTION AGAINST BOTH FIRE AND THEFT N N N The material used in the construc- tion of this vault was first used in the construction of the massive vaults at the new “Bureau of En- graving and Printing.” It is abso- lute proof against either fire or burglars, being constructed of DRILL, EXPLOSIVE and TORCH resisting metals. When your valuable papers and se- curities are deposited in this vault you need not have the slightest anxiety as to their safety, and the cost is less than a penny a day. A box can be had in almost any size to meet your requirements. $3.50 a year up. [N @ 2 613 22! 43, 14 110 27 37 el1i% FRANK_ J.. STRYKER. Bid. Asked. resident iy = Anacostia Bank....... Chapin Sacks 8¢ pfd.. Connecticut Pie Co.. Chr. Heurich Brewery. Dist. Titie Insurance Co. Franklin_National Bank... Munsey Trust Co. 2 North Capita! Savines Bank. National Capital Insurance. Northeast ‘Savings Bank. . Park Savings Bank. Raleigh Hotel Co.... .. Washington Savings Bank. Washington Title Ins. Co. Washington Base Bali Club.. . Woodridge-Langdon Sav. Bank.. FOREIGN EXCHANGES. (Quotations furnished by W. B. Hibbs & Co.) Nominal gold Selling checl value today. $4.8665 33.68% = L WE PAY 3% INTEREST ON SAVINGS y CONVENIENT HOURS s till 12 0'Clock on Ist and 2nd. 15th, 16th day of the month L_ s 1% 64 10% 273% 15% 591y 53 51 2% 3% 14 184 121 14 1% 4 5% 251 9l 36% 70 9419 111 4715 375 31 13% 1 1 6 111y 7 1% 234% 11 6 6 1y 11 ™% 1 1% 11% 23% 23 87 86 12% 9% 11 £10% 10% Zurich, franc’ Athens, Madric Vienna, schilling. Budapest. pengo. Prague, crown (i Warsaw zloty. Gopenhagen. ¢ o, toc] 103 60 87 114 10°s Gen Baking (2) 384 22% Gen Cigar (4) - 2 88 Gen Cigar pf (7)..... 90s 111 Gen Electrie (40c).. 634 10% Gen Elec spec (80c)., - 12 fund bonds, dated July 1, 1927, due 101 June 1, 1961, have received funds for 264 the payment of interest due July 3y : 1% Osl