Evening Star Newspaper, May 27, 1932, Page 15

FINANCIAL, THE EVEXING STAR, WASHINGTON, FRIDAY, MAY 27, 1932. ; FINANCIAL. IR SHIRES HOLD || BOND'S 7ok “Xekift ||[ ommm wamier ]|| N. Y. CURB MARKET | BANK HAS REDUCED [ Received by Private Wire Direct to The Stur OI-‘ Received by Private Wire Direct to The Star Office. | 7th and Indiana Ave. N.W. TATES. Bales. High. Low. Close, | B7 {he Associated Press. e — R ] BUYING UF BUNDS‘ Shares of Stock $1.00 usiTeD & ATES. I Centcltrds'sa. .1 30 30 30 | CHICAGO, May 27.—Unofficial esti- | Steet 808 Add.oe. Hien Low.Clowe| Dividerd Rats Add00 Hieh Low Close Each, Payable Low. Close. 11l Cent rf 4s°55. 35% 85% 35% | mates that the United States would have | Allfed Mills....... E 3 | OhtoOflem pf(6). 1 65'% 65 65% AL 31 10617 10073 100 14 {10 Cent 4% 24% 20% 20% ahcnzryove‘l;mof 140}?'%00.00& bg:}:lel; c: Aluminum of Amer mn- 2, 23'/. Okla Nat Gaspf... 650s 3% W 8% 3| _— \ ‘ Monthly. R Lib Ist 414 10120 10117 10118 | I C s 41 41 41 |wheat on y ad a bear effect | Alumn Goods(60c). | Pac GEEl 1st pf 1% 21 21 . 5% paid on stock withdrawn N P 3 2 1028 10213 [In 274 27% 2715 |late today. Am Beverage 2t il Wi ..o 3% 8% 3% | 000 | i Market Shows Steadier Tone L i 4 34 908 9015 |1 CCStL&NGSA.. 10 28 27 27| A wheat carryover of that size would| Am Capital pf. .-« 2 | R s atace P3N I Approximately $800,000,000 § ais Series ofstesk nowioptn 946-49 9118 9131 | Il Stecldb 43%s 40, 97% 95% 95% | be 65,000,000 bushels more than was the | Am Cit P&L A (a3). 18% | parkeDavis (11.30), 14 14 14 fU.S.S ities Are Pur of eatauxi ption on Prospect of Sales Tax 33 A 9624 9631 |InlandSt4%4sA78 9 61i 61 61 |case a year previous. Many traders were | Am Cities P & L B. % | Patterson sarg . 1 10 10 10 | 0T U. S, SECUrities Are PUr- | Rismes . Connelty, James . Shes. J g1 975 | Inland StdtssBL 59" 59 59 {inclined to take a pre-holiday atitude | Am Comwith Pw A 34| Penroad Corp 1% 1% 1% hased by Federal R hoinc Sosréiery . . ¢ 2. 9622 9631 nt Rap Tr s % | pending mon vate crop sum- Cyanamid B.... Thila Co new (k. 8 8 ® o S Legislation. ! % 3010 981% |intRapTre6sta.. 22 3% 35 35 | marles due Ay mext Week. - ety 5 15 15 | Chased by Federal Reserve. | 14% 11% 11%| Wheat closed unstable, 35 to 3 under | Am Founders. ..... 48 474 47%|yesterday’s finish; corn unchanged to|Am Gas&El (31).. 3 44 43% 44 |1, to % lower; oats unchanged to ! | Am Hardware (2).. 18 1313 18 fup, and provisions unchanged to a rise | Am Laun Mch 1.20. 2 19 12‘ lg of 5 cents. Am Lt ATTrl(zl‘é )] . % 2% = AmL&Tpf (1%). 22 23w |wiy e B, 8% SR | Am Superpower... 1 1%| pub Ut Hld x w.. % o gu;y qoldy. LIty i Am Super 1st pf(6) 39 | Radio Proa........ 26 | e ol e 6 ] Am Transformer.. 258 b 3214 _32_ 324 | September (new)..| 60% | ArkansasNtGsA. 2 3 Reltor Togter. 40% T 391~ 40 | December . E E 4 Ark NGeupf(60c) 3 3% 3 Reliance Intl A. 180 175 A% AsSOG&EADLI%. 22 | Republic Gas. 1T de 1o N o : 3 : e e 24| Reybarn.. % Y% 1T ;! T < E As G&Eall ct 1.60. gardless of quotat Am Sus Ref 6337, 200 1ew 200 _ : 3 Atlas Utilitles.. ... 19 8t Anthony Gold. Electric Bond & Share was only a| Am T&T 4% 9 E T AtlasUHIpfA (3). 1 33 3 LI e e below its preilous final le Am T&T c t - 9l 51. 85% 85\ 5 i 1%). 15 Secut Al Cities Service, with a trifiing loss, | Am T&T deb 5 5 95 Rl B e reached 34 per cent for the first time.| Am T&T deb 58 u N PSTO TRy s 1% | Phil Morr| | Pierce Governor. .. 16% | Piiot Radio Tube A 14% | Pioneer Gold (12¢c). 9 | Pitney Bowes bi%. 12 piymouth Oil ki0c.. 18 | Prudential Inv.... e 10018 1002 100 14 | Int Rap Tr 6s'32. 10324 10311 10320 |Int Rap Tr7s'32... : e Int Cement 53 '48. . BY JOHN A. CRONE. Bales. High. Low.Close | |, ¢ (;t N 58 B ‘58, Bpecial Dispatch to The Ster. DIt P&P B8 53, 28 204 18% 18% | & Gr Nor 6562 NEW YORK, May 27— After opening | A'leghany Cp o 4 18% 13% | 1ne g G Nad6s lower, the Curb Exchange = Alleghany 53°42. .. B¢ ] Int Hydro El 63 htly at the 0f o fi hour i Int Match s *41. slightly at the end of the first hour to-| i day, but the recovery not sufficient % Tot Mes Mar Chidr. to overcome ea osses. Trading ! ¢} 56 5 | Int Pap ref 6 A'47. was in volume from f Sl Int Pap 635 blocks of low Am Metal E Int Tel&T 4 4 on the ma Am Sm&Ref 5547 T e 1w L [Tyr—— | A Generous Return on Your | “1";,*23?"3:;"& ;flk e BUY |system had purchased appre _“smououooo in Government securities OUR FIRST cach week to make available to mem- ber banks additional credit which could MORTGAGE |be used to aid business and indust throughout the Nation. The governo NOTES |of the Federal Reserve banks, compos- ing lhex s)-sgmrs Open Market Com- Secured on nezw brick homes | mittee, in a statement issued last weex, { e i 7 b said that the pelicy would be continued :1” "r{”rm.i northwest rest fm in :;nuum to be determined from ential sections. Every mort- ime to time. age prot, y ‘ E The additional purchase last week 9,9 4 d”-[,rd LHEESEU brings to approximately $800,000,000 | @7ce and title guaranteed by the amount of government securitics responsible title companies. purchased since the movement was in- | ¢ augurated, and makes available to onsseyative Appsaisals Insur- e -1 - P 19 18 &1 80 1 1 32 0010 b K2 ar amEl e ata~r2lultSne o~ lin o fryoern E Secur Allfed (1)... 51 50 50 |September E E e Be -lelgflhom 1% : Seeman Bros (3). Standard Ofl of Indiana was virtually | Am T&T 5138 '43. g;- :-‘l!: 8%l Rye— e i Eewatr ook &b unchanged. Niagara Hudson Power| Am Wat Wks 5:':4 % | May .. 3 : Brazil TL&P(b8%) 2 s S a kit pointed higher. | Am Wat Wks 68°75 2 Kan C FIS&M 4 381, 381 38y gly" 5 E B\‘"‘ seport Mach 3 L ]“d l n = 5 2. 32 3 Kan C P&L 4% 92% 928 92% | December .. 4 i clect Ind pf new Arzentine 5143 6 o Fieather: ST 5 Argenune@s 33 Ju 33 42 30 R SR . Bulova Watch cv pi o T% | Shattuck Den Min, . BONDS ON '_I'!IE CURB »:lix;‘:gi:?s‘fi 2 e h‘ncm.“" 81% ‘80 80 CHICAGO STOCK MARKET Bunker Hill & Sul. . 25: Sfhawn Wat&Pw (1) MARKET. Butler Bros. Shenandoah Corp.. Argentine 6s B '58. 3 4 Kan G&E 474580, 81 81 81 B McKub Corp B member banks that amcunt of addi- ing Absolute Safety Arin & Co 43839 Karstadt 63 '43. TESTIIR AT wana henandoah pt. . o tional credit. IN DENOM Arm Del 51,843, Kend 514548 ww. 45% 45% 45% ) CHICAGO, May 27 (R’)AFollowm‘,((:lnnd:’ln !é;r(c;’;!)- b ¥ ;’:‘;a"?gr’l‘f‘f)“’]'}“; - - The total held by Federal Reserve GNIATIONS: OF Assoc Of1 65735 . 3 97 Kresge Found 65" 42 40% 40%|is the complete official list of transac-{ Carnglon 001 ‘ outhland Roy 20c. - banks on May 25 was $1,525,000 250 Atchis 4s 1905-b5. 7% 6% 6% ! tions in stocks on the Chicago Stock ' i o : 3 1, | Which was $927,000,000 more than was i 65 6 { Cent States Elec... Spanish & Gen rets. . Atchison adj 4s 65 9 19 19 :::(I(hanze t::_ly . e, ox. cyse TCnt 8UELcy pfnas 258 Stand Invest cm pf. 5 held on the similar date a year ago. and upwards b 51 50 50 = OCK! : S .65 3% 3% 3%Stand Ol Ind (1).. 7 —————— e e Citles Serv (g30¢). 6 : n g 50 50 50 100 Allied Prod = Cittes Sve pf (6).. 2 . Stand Ofl Ky (1 60). W A lettu onials ALY OSS & PHELPS . b '*{ Lake Shore 3 0 7 70 90 Asdoc Tl U e Cities Sv BB pf (6) 208 Stand Ofl Ohlo 2% . 200s 23 con l"“‘a[’,r: ‘;"5 (p"““(,’; "'jf"mf" . Atl Ref 3 Lautaro TN 1% 1% 1| l0Balaban & Kats vic 13, Clev Elec 11lu 1.60. 1 23 Stand P&L pf (T).. 5 3t ecniiusiible 417 K st National 5300 Anslralin s B Mu|fenvalonseront. 2 a3 a2 g PRECHALGo 4 ColG & Ecv ot (5) 1508 L un Invesing pt. tanegianc { per cenf ash {'.E e “ O :‘ég it Bi x“)‘{’:s ‘ - B :.,‘“:":"m‘:m { E:,:‘,i‘:i:"n’.’) : . IIII!IlIlllllIIIIIIIIIIIIIIIIIIIIIHIIH‘IL'l|lIlIlIIlIIIIIIIIIIIIHMII.‘I{H!ifllllllllllllIllllllfl!lIllllliHIl!illllllllIIII"IIIIIIIII!I"IIiII!l_i Long 1s1 rf 45°49 T T 7l ent Iil_Sec 2 ,'% Comwlth & Sou war 24 Technicolor p E Organized 1879 52, R COMPLETED S ? 4 A lor. nd YEA! M B&O1st - L& Nuni4s40... 69% 695 cox| J0Cent &8 W plnl.. Comurnity Wat Suc: TR B0, & COMPLETE B&O 4%4s'33. 5 6 3 3 Lou G & E15s A'52. 94 92 2100 Cities _ Sery 3 Cons Balt3.60. & 3 5 Texon Oil & Ld (1). ' ‘ k E t bl C B&O4%s 60 E 6 | Lyons 6s'34 104 103% 10. SOEI D e o Cord Corp. 2 'rans Air Tran: E 3 % qlll a e 0 pel"ahve g SS fl . 0! 1 1 0 O e G e e B S B&O st 5348, 3 . AMcKes & R 51850, 2915 29 29 400 Cont Chi_ pf Cosden Oil.... ans Lux DL P S I SRE s : : ke bR Ssinbos 56" 52 51 | seced Sl | Creole Petroleum.. 24| Tung Sol Lamp (1) 3% 3 JOHN JOY EDSON, President WALTER S. PRATT, Jr,, Secretary B TH SN B E N B 8 B&Oref 6sC'95.. 15 Marseille 6334 104 103% 104 160 Grief Bre i Deere & Co. Un Ol Asso (136).. gy g G4 1001 | B & O Toledo 4559 A std 19 1% 1% 1% | 200 Griksby-Grunow Derby 01l & g v 7ta Dry Dock S mond Zwe obaS%aw e SwdunoBrnad Seosms ) Calif Packing 5540 R {YC&StL 13t 6322 Canada 4s 60 " 76 | N Y Edison 55 B'44 anada 4158 '36. i 9 N Y Edrf 61641, anada 5 ‘52 NY EL H&P 45" NY NH&H 474567 NY NH&H clt 65'40 e D - . e 5 : v A% 5 % Asset S 102 * 10 Batav Pet 4155 42, S 76% 75 75w | 50 Harnischfeger Doehler Die ¢ g gl & ssets. ... ...$6,237,762.31 9% 9 Belgium 68 '55. ... 5 S9% 5EM 5ON| b rommelakoc s | Bow Chemnis 2 54 §; N0 Ree 81 81 | Belglum 78'55..... 3 96% M SMen 4538 7 3 a7 50 Kalamazoo Stove 4 61 61 3, : 32 9m1 7 & o = ;. s 30 Kellogg Switch pf ast G & 1 Ass 1 3y United Gas pf (7 o | Belsium 7s 9 9 MK&Tadj5s'67. 3 15 15 15 N e {"1;\'0"" fi,i"e.?‘fi- 1081361 1907 Unit Lt&Pwr (A) Bell Tell Pa 55 C'60 100% M6 et 2514 95 100 Met Ind terlin Cv : 16 ,,4?,‘::;, oy i 10 Mid UL 775 b s : Mo Pac 17581, ;(0}3:;5“[“ Grem 710 | Flec B& S pf (6) b A F il el cnioe Chem or 0 2 ! Elec Pw Acte A (1) j S ssures Financial lndependence S i 5| nteviien T g 200 Botvmet ; i Federated Metals.. 2 4% | Waiker (1) new . ! Thousands today enjoy pros- S 213 23| Mor&Co 1st 4148'39 6 64 64 15| 1100 Process Corp ... . Fiat recelpts. .. 5 Walkeri(H) pt. : ( perity because they adopted the | Brazfl 6128 3 e | Nat Steei5s'56.... 13 65% 66 3 10 Quaker Oats pf [l 02 | Ford Motor Can B. 100s < D e ] 3 5 Per 2 \t?m:mc saving plan of the N Fne T st 101 100 10Seab P Ser$6pf ... 7 Ford M Lud. . 9% 9% Equitable. Follow their example— D13 150 6aia 10" & 50| 3 S wa eaSash. 36 85 ba 5L Al. R pen I e Al | Gividend. .f.B,h,h, . pEaTment in and we'll explain. EKlvn Elev 6148 s 5 i I : 3 s B i ment” dividena 3 915 F St Crt 013 S 3 3 fiocts | . ‘i i | Rudapest 63 63 w13 13| NYCrfa%ke201sa nan Sachs. ... w | S eareno red X i Eueios ABes G N Y Creftasols © f gsigzuen sachet s e b Eaid lare e 135 3 Market Averages GUATl & P Tea 1641808 105 10848 107% 108! STOOEES. 20 % Gulf Otl of Fa Ea 2 Indus. Rails. Util Tota) 7 . 6 10 iy UF ar”cim, bt : oaison Bossn 1080 U'S Elec Pwr ww. 450 Mid West Util Mont I'ow i3 30\'] N Sec Inv pf 0 Pub Ser 1, pf : s 6l | West « Bosaats 4 S xatpatry syses. 116 70 T T e b Ford Motor CanA. 3 teins 40 Sha 5 5 ¢ Wiw s : 191 09 2500 Swift & G o § : { } save part of your earnings. Come Bklyn Man 6s A ‘68 i - N T Centigh gs #1 314 5 Bond sales tods ne. Glen Alden Coal. 7 n stock £ Gen Bl 4%s 81 96% 96% | N Y Cent db 65 Gorham v.tc.(160) 2 23 By the Astociated Press. | Gt A & P Tea pf (7)490s 11 @ a2 Tod 56 143 *601 *383 | | Mudson Bay Min | H H 2 42 oday 3% *142 %601 * ) ¥ Min.. | T -+ | Associated Gas and Electric Company 2 HEs ¢ s 3 vS 63 A \ Y Tel gn 4839 Nia Sh M 55 '50. Nord 83550, ..., Norf Sou ref 55761 | Nor & Wn cn 45 '96 | A w 9 North Am Co 5= 61 | Can Nor an 4 Nor Am Ed 5= C'69. | Can Nor deb 75 "40. N Ger Lloyd 6241, Can Pacdh4s. ... : NorOT & L 6547, 92 ~ 3 20 H 50 oday . i' of G Ry con 3 2 2 Ry i por e 1] B ey s 5 "“'lll\ 4 Nor Pact16s 2047, g 481y K 5 Nor St Pw 5s A "41. 2 . Nor St Pw fs B A1 T . Norway 6s 43 . High. 19!7. t-td db 2 Pt Norvas 6544 Low. 1932 l\‘v s Cor 647 3 Norway 63 52 ! ot 1581 7 ! ] : 59% | 750 Insull vt o . United Gas s ks . ; 53 60, | Be'stum 6348 °49... 3 3's | Mil K Ry & L 55°61. 75 16 30 1ion Pireman .. Duke Pow (5)..... 5 nfted Caswis. p Subscriptions for the 103rd Issue of Stock Being Received 47 [ Bell Tel PaGa B48. 1001, Mo Pac gn 4s'75... 3 9% 9% | 30 Lindsay Lat 3 f . R ystematic Savin s o TS & Intl 18t Mo Pac 55 1180 5 3 3 100 Modine Ed & Sh ot (3) y 50 s lens sy | Beth Stl rf 55 '42 Aot iao 6 A oD N e T = s | Viek Finane (30c). 10 Quaker Oats | Brazil 7sCR52... 2 15 5 NOT ] 190 I0l 10 S0 West G % Ept. 1l 33 | GeneraliAtios L 2% | Wright Harg 2 ; 3 Share Eremen 7s" 28% 28% oany NwS 55l 54 : ; ] 8 | Dividena ray rs based on Eilys UnGas st 3 p- 0 NICrer g <tock. m Plus 3% in stock. n Pl © 100t 100 Groc Strs Prd vte.. 40 51 51 ek tasS : Hydro El Secu k10 Year ago ...l 7 Hygrade Food. . : Bt Month ‘ago 04 e year 1008 e Five roats Imp Ol of Can soc. 105 100 High, 1932 tmp Oil Can rz 5 Low. 1932 Ind Pipe Line k. High. 1931 3 | a ,m‘ ,1 Low. 1931..000 InsCo N Am (2) . High, 1930 .. 5 1 Int r Mch21p, Low, 1930..... Intl Hold & Inv.. Int Petrol (1) | Int Saf Raz(ls) (1). | Interstate Equities Irterstate Ea cv of. ‘ Interstate Hos kd0c ‘ Italian Superpw A. | o maEnaScwatehnnnach~anReas . Summary from Annual Report for 1931 67 4'y l'". 6213 171y 5 DT T O T P N ) A YEAR when most industries were concerned with holding their own, the Associated Gas & Electric System and its prin- cipal unit, the Associated Gas and Electric Company, were able to do 5o in most phases of their operations, and make some gains in others. Sagsaiss Kolster-Br Am sh. Kress SH sp pf 60c. Lack Sec (4) | Lefcourt Rity 160" E High. 1930..... | [ Orfent Dev 515758, Low 1930 8 | Lefcourt Rnf (3). Orient Dev 65 53 3 3% 3 *New 1932 low. Libby McNeill & L. Pac G&E 58 4 97 (Copyright, 1932, Standard Statistics Co.) | | Lion Oil & Refin. .. Long Island Lt 60c. High. Low Close. | Mavis Bottling A.. Toho El Pw 6822, 99'y 9913 9913 | Mayflower Asso(2) Toho El Pw 73 '56.. 47 47 | Merritt Chap & Tokio El Lt 63 '53. 36% 36 361 | Midl West Utilities 1 Paris-Ly M 7s'58.. 4 104 UE p:,Lms." 100% 1005 100s, | Mountain Prod Soc Parls-Or 5%s 68 On 32 101% 1011 101t | Murphy Co (160).. Penn sta 4< 48, § Un Pac 1st 4 . 188% 88 | Natl American placements) of Fixed Lapml—Deprecu- Penn4%sD'81.... 5 Un Pac 60 6o tion, etc.. 8,310,493.53 Penncn 414s ‘6 9 % 9 Un Pac rf 43 2008 71 e 70 | £ 8% 1 = i 460.73 Penn gn 4 B50 5 KA 5 Un Pac 4%s Zi ggh g: | Nat Dairy pf A (7). . Total Operating Expenses, etc. = 7, s . 311, | Penn 4138 D70 .. 3 3 3 Unit Drug 68 '83. at Al i 2 TR e orae 213 {Fenn eein) : : : e 4% o0 106 | Y21 Pw&LE pf 'A.U Lo Operating Income . ... . = < $33,457,758.59 101 | Penn 5s°64 i ] | U S Rubber 58°47... b 3 at Service. i ! | Other Income (Interest, Dividends, etc.)... 6.284,895.36 Penn gen fx 3 UnSt W 6143 A'4T. 1% E by T 2 3 3 —_ Penn 614536 . f UdSt W 6%s A1, 15 Newberry J J pf(1) 50s 67 6" ! Gross Income . . $39,742,653.95 Penn P&L 4%s l‘ . UTdstweé C . 5 5 New Bradford Oil. 1 —Fixed har esand Other ctions Peop Gas ref 547 3 9214 | Upper Austria 1845 1 2 New Eng Pw pf (6) 1108 | Lessflhs,d,:ryccom“pames ?meregeand‘Dxu: Pere Mara 4%s<°30. 3 2 Uruguay €s il e SSbeldiae Conpene = Pere M 15t 53°56... 3 3 | Urucuay 6s'64. P & Lt of (1) e o ends (exclusive of that portion of charges Util Pw 5359 ww. 101 N Y Shipbuild. .... 5 5 ranking after Fixed Interest Requirements Utll Pow 5%48°'47.. T3 NY Tel pf (6%) 55 9 9 of Associated Gas and Electric Company) 15,987,702.26 . 5 L 2 N Y Transit (40c). . 3y Phila Co 5567 . 213 7 ikt Sl : 226, | Niagara H Pw(40¢) 3 : $23,754,951.69 Phila E""f & 1. 7 Va Ry 1st5s A ‘62, 10 7 NtagHPwAwr... 22 | 4 3 Fixed Interest Requirements of Associated Eniiprine a3, & 18N Wabash 1t 5239 5.6 NilcBrna (80, ¢ : Ceyned oo Copoany s Vilippin S 9 " S >N e 5 i Phillip Pet 5% °39 et i Nipissing 3 Balance . - $12,093,040.21 PCCRSELL, LT 17 57, 58| Warren e e 20| Norih Sta Pe A ,5; To 5 4o 4 Poland 6s "40. Warsaw 78 North S Pw pf (7). 508 50 50 50 Poland 7847 2 West Sh 1at 43 2361 Bank Loans Paid oy s ris i Colomb 65 '63 Jan Poiand 8s'50...... 20 4T% 46i4 ~olomb 6 5 2 Gn E14% 5 430 3 5 = . s . 19 Bacine” GAE . & | Colomb $a 01 Ot Por LA T 68 42. 5 6 e 37 | U. S. TREASURY CERTIFICATES The parent company, Associated Gas tracted in connection with the Com- 5Pac G & Fl B € 0 A t ¢ os Tel & C 55 '53.. 7 6% < . ; o3 5513 | (Reported by Chas. D. Barney & Co.) . B . . v e e 4 Col G 3y i A TElR Con ity o West Unfon 53 '51. 9 30 RateMatrte fa. & Otfer. and Electric Company, by May 23,1932 pany’s period of expansion. 3 Pac Inves os A4 RSy Sxne B35 Tt 2 1% 18| West Unlonss 60, 12 2 42| 2ss June 15. 1032...... B Rei ik ; e 1Sy Com Inves5ls 49. 8314 3 ;_H:‘!:l!:’“"'~ 5 ;fi; West Un 614 . 4 55 5 | 3es Aus. 1. . had paid all its bank loans and purchase The present situation is shown by nzC ) : T e e . S T RIETET 19% | 37 Beptl 13 2 money obligations which were con- the following statement: A 187 1000 914 | Pure Of15%s°31.... o Wis ContTm 48°36. 2 | Con Pwr Jup 6158, 36% . 2 s 102 1-32 | Gon Puwr Jup 6148.. 36% Queensland 6s'47.. 6l 61| g0y hama g8 102 1-32 5 Con Pow JaranT7s. 3 47 CliseasianeTa 41 5% - ank A 3 Mar ; 198 1% May 23,1932 Dec. 31, 1931 Dec. 31,1930 Cons; Pow 5852 |unl 10015 = & Rotn S A 1 g 3s M = 100 29-32 = taids . uliar e ey nestan s A T SR eER RS S Ros) 5 167 3932 Bank Loans None $7,450,000 $15,000,000 Cuba R R 15t 5 2% 201, 2 tea 2] 2 5 ot Gube R R 6s 56, S0t Rem R 5% SA4Tww 14 31 [30% = ] Purchase Money Obligations None 2,990,153 8,831,792 Rhinelbe U7s™46 . 1 174 17% 7 5 Del&Hud ref 4s 43 62 Rhine West 63 '52. . 214 21 ‘ A ETR ST MORTGAGES | Denmark 41:5°62.. & 533 3% | Ruine Wik B w13 20 19 [o] i d P f the A: iated S s R Gr Do Sul 6s°68. 0 SRS T 10 €10 i perations and Progress of the ssociated System D&RGW 'S 9 RIAr& L4%s 34, 22 22 D&RG W bs 8., 214 | Rome 6% 5°52 64 63 I OPERATING REVENUES — Gross helped offset losses from curtailed ¥ Det Edi 4445 D '61. 9 TRoyal Dutch 4545 69 8% g : Det Edison rf 5549 % n::na.m.\)’l; ‘59 3 29% 29 FIXED INVESTMENT OPStamp foyeIcy exclusive of other ELECTRIC SERVICE—Revenues fil)m Deutscie Bk 63 '32. : B S i N ; —Rev 5 : e L IM R&G 4533, 39 39 3 income, were $105,286,247, an in- RS : Dosee Eromesiies i 3 6 |SLIMESSSSY 2% 11 1% 1w FOR A TERM OF YEARS e c‘:f 107 05 rating expenses do clectric service increased 29;. Dostic ug 14 '67. St L&s : | %. & Dutch East 1 6547 51 g5 | BEUERESERTE i i : o SRR : customers, who account for 3¢ of Dutch East I 6562 3 St LASF 63 = = . clined slightly, leaving net operating : . 2 electric revenues, increased theiaver- age annual use 6.8, a gain gsct to StLSWends 32.. 0 60 3 One of the outstanding advantages i ,863,692, 29 some extent by lower residentil rates. sEgsgasseasss SansonsnNaNes P eeiutoptutatrtriut Following is the condensed consolidated income state- ment for the Associated Gas and Electric Company: &0 448 E 35 = h & Oh con s '39. g j Pac T&T rf 55 '53.. 10014 % | = Pan Am Pet 63 10173 Paramount : 165 Param-Pub 5 Par Operating Revenues % $90,575,228.32 Operating Expenses, Maintenance, Taxes, e Pl 1% $48,806,976.20 Provision for Retirement (Renewals, Re- ARSwe~wamn NW rf 552 1& NW 4% 5749, | RI&P £n 45 88, 1 RISP rf 452, fRI&P4Ls hi R 1605 A4 'H&SE in 5s 60 . u,uu-«A 1 " | Ch1 Un Sta 4563 “hi Un Sta 5s F Chi Un s C& W Ind e 6561 6561 Jan. . - e ‘1“‘“‘.’:“.‘. 3525 5 ‘lev Te 10hio Edison B Clev Te $0hio Pow 4. D36 8) 1 Clev Ter 535 A P T T 1= I IOT Y U PP P PP T+ * East € Sug 73537 : t I SW 1st 58 '52. I8 15 s =i AT e L Sikan of investment in our higher than in 1930. This gain was off- le zen 4396 4 2 ; 13 B setby thedesirability of making greater | Erie ref is 67 hlg 15 5 - 1/ 0, B . Erie ref 6275 5% 1 . 6'2% FIRST MORTGAGES provision for retirements, which NEW CONSTRUCTION-Over Erie & Jer 6535 2 9958 a5 5 < ; 2 % g { Finland 513 : | et AN 61 - is that in addition to this liberal in- ST G G g L §$13,000,000 was spent for icw con- Finland 613 3 2 407; | Shell Un ON 58 down t0 $39,109,185—5% below 1930. struction and improvement / facilities o nd 7 o ‘!Qhflll_no s'40ww 49 v jev £ 3 a7 . 5 45! Il . - Finland terest, you are relieved of the neces Mt e ¢ the system. he largest Fla E Cras 3 K 3% H Shinyetsu G‘ys".’t . Ower a Thlrd 3 b ! i > " lg 4 g, 8 11 6158 B’ 38, , I . P . P Frum Ind 747420 i 3 s Sinc Oll 6%8 5 38. o sity of seeking frequent reinvestment 6,972 in samber of customers, increas-. single unic buile was the pwer plant French Go 7343 "41. To(jRhe CrOBasiat:- I g opportunity, for these mortgages, ing the total to 1,437,653. at Bowling Green, Kentuky. 2 > [ Gen Motors 6s '37 100% lfln‘é Solvay Am 58°42.. & (‘H,MY_\' = S i . A U il o QB RV ERER0 o e ;",’,‘I?T,f';:‘ : ,33"‘ ol | i secured, by conservatively appraised NEW BUSINESS — Activitics of the SECURITY HOLDERS-At the end of Jost n 5 251, 251, | Gen St Cas 5%s'49. 3 91 V Be! s 5 s g 5 - . n ! b Rt A 3 Ger Cent BK o8 8. 233 Sou Pac ref 43°65.. 571 57 ghatiic improved Washington real estate, New Business Department resulted in the year the number of blders of regis- 1Wis Pub Ser A 6s 52 79 79 19 Sl . “ z _ 3 % = R o S Pub ser R 65T e Cin Bk gas0 § g% = o lSon ras ERIOE e are made for a term of years. thesaleofelectricand gasserviceswhich tered securities was 23,115 a gain of foenaIn(ORE SiocEs. (Ger Cen Bk T 50, 2% foubee Sualy e it is estimated will produce additional ~ 23,837.Of this numbefl 3,856, or more Special Dispatch to The Star Ger Gen Elec 2 ; BALTIMORF. Msy 27— { Ger Gen E1 7s 45.. 10 6 Scu Ry gn 48°56. .. u i May be purchased in amounts (| wnual electric revenues of $4,910,705 than half, are custofers who are in- 3 *ion Tas ks .‘f.’,;.,‘,":,:’:::;»;‘:" 32? WS 2‘;‘;’,%“,’.,.’3, 56 . 7 17% | from $250 up. nd gas revenuct of $928,621,a total es- vestors. CuStomers folding sccuritics 3 At "Line Conn. German Ren 7843, 96 4515 4414 Sou Ry 6% 56.... 19% 19% i i % i ¢ year closed. Ehak Rede i By [Inooanoneats Sne 8% 38v | SUOIN J 6346, 9935 100 | [f timated gain of $5,839,326. These gains totalled 105,035 ashe y Solintedt 3| Goodrich 61 ) T35 34| SO N Y 4%s 61, 84 84 s e 07 cua B T |Seeder RebyesT. 22 63 Sweden 3158 54, .. 9% Eonal f / T e Grand Trunk 65'36 14 93 92% 92% Swiss5%s 46, ... 104% 1047 !l 5 4 5 : 3 Houston fou - Grand Trunk 7s'40. 19 93 . Tatwan E P 6%s71 as a1 a1 | Full annual report, m.tlfldmg dfl.’d of intetst on the entire Q:J\("'Z'LLAS:T‘J,"}'-_ et “| Grt Nor en 75°36.. 23 52 Tenn Cop 8B 44... a . . o System, may be obtained by writing to fe address below. s Pa Woter & Power a5 Greek 65°68. . 5 b Tenn EI P 63 A 41 920 WO U S Fidelity & Guaranty...... Ter As St L 48'53.. 3 72 HilfeiCoaEura s 29% | Tex Corp cv b8 44, 77 National 2100 925 15th St. N.W. | 3 31 BROADWAY NEV YORK CITY . v s asascansaians s s B wnonwnmanBoans o i Hud & M ad) 58 '57. 2815 o United Rwy & Elec Ist 4o 1804 | FHug & M rf 63 '57.. 18 65“";;’&::::&:' A :g i W lec 6s 1949. A » . s Srettee L Hunible Ol 6e°47.. 80 8 9T Third Av st o8°37. 5 su'll THERE IS NO SUBSTITUTE FOR SAFETY 2 e 1001 100% mpirg Av ads 5860 181 19% e B e v yoarar™ T1L Bell Tell 5a°56.. 15 1008100 100 Teb P.NJ §%82032..13 [