Evening Star Newspaper, September 29, 1932, Page 14

FINANCIAL. STOCKS ARE HEAVY IN SMALL MARKET Moderate Selling Pressure Follows Higher Quotations in Early Dealings. A—14 »x¥ FINANCIAL., W-R & E EARNINGS THE EVENING STAR, WASHINGTON, D. C, THURSDAY, SEPTEMBER 29, 1932. ' 3 SHOW SMALL GAIN individual sales are not given in this edition. this edition gre from yesterday's paper. et. k. in Stock and Add 00. High. L) " TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE NOTE—Today’s individus] sales are mot given in this edition. Prev. 1932 Net. v. 1932~ High. Low. Rate. Add 00. J - A 3 3 Dividend Rate. Dividend Rate. 9% 8 % 1 Fox Film (A) 11y Poore & Co (B)..d..i! * 3 al . Dividend Rate. Un Ol of Calif (1) Union Paeific (§). Un Tank Car (1.40). Unit Afrcraft. - Unit Biscuit (2. Unit Carbon. Unit Cigar Stores. Tnit Corp (40¢). Unit Corp pf (3) Unit Dyewood pf(7). Unit Electric Coal... Unit Fruit (2).. Unit Gas&Im(1.20). Unit Gas&Im pf (5).. Unit Pice D W pf 6%. U S & Forn Secur. U8 Gypsum (1.60). % U S Hoffman.... U 8 Indus Alcohol 5 4 7 ‘Adams Exp pf (5). 5% 25 1% Postal Tel&Cable pf. August Report Reveals Net| 30w 12 AdamsMunsz....™ 8 —1% - 4" s PresseaSteelCar. ... 14 Addressograph. Pl i o 19% Proctor & Gamble(2) 16% 4% Afilfated Prod 1.60 28 Public Sve N J(3.20). Increase of $6.985 Over | & ‘Alr Reduction (3). 26 GenAm Inv pi 62 Public Sve NJ pf (5). 34 Airway Flec Appl. ... 9% Gen Am Tzuk Car(1) 71% Public Sve NJ pf (6). Same 1931 Month 16% Alaska Juneau (50c). SIS e 10% Puilman Corp (3).... e 3% Alleghany Corp. . 2 2% 90 Gen Baking pf (8) 4% Purity Bakeries (1).. 8% Alleg Cp pf $30 ww.. 6 - 5 Allegheny Steel 708 104 10% 20 Gen Cigar (4). 2% Radlo Corp. ¥ 8% Gen Electric (40¢) 3% Radio Corp p! . Allied Chem & D 83% 479% S Bl Ko Orh Allis-Chalmers Mfg. 1% 11 ! 10% Gen Elec apec (60c) 1 ReninEton RN e e 19% Gen Foods (2).. A InEtan Rty < Am Beet Sugar pf. 6% 3“ Gen Gas & Elec (A). 1% Republic Steel . J 614 Am Brake Sh&F (60c) A Gon GREIGY LA (3S) il Sieel 5% Gen G& Ept A (pT).. 5 Republio Steel bf.... Am Can (4).. 5% Gen G & E pf A (D8) . 5% Deynolds Metals(1). 28 Gen Mills (3). .o 3 Reynolds Spring.... 76 Gen Mills pf (6 2614 Reynolds Tob B (3).. 7% Gen Motors (1)... % Richfleld Oll, .. ...out 56% Gen Motors pt (5) 115 Rossla Ins of Amer.. 2'5 Gen Printing Ink. ... 12% Royal Dtch(a80%e). 1 Gen Public Service. . 30% Safeway Stores (5).. 6% Gen Rwy Signal (1). 69 Safeway Strs pt (7). 1 Gen Realty & Util. ... 4% St Joseph Lead...... 10% Gillette Saf Ras (1).. % St L-San Francisco. . 45 Gillette Sat Ept (5). . 1 St L-San Fran pt. 314 Glidden Co. L 1% Savage Arms. . 5 Seaboard Alr Lt Seaboard Oil Del Sears Roebuck. Second Natl Inv. Seneca Copper. Servel Inc. .. Sharp & Dohme. Shattuck (FH) 50c Shell Union O1l. . Shell Union Ofl pf. Shubert Theate Stmmons Co. Skelly Oll pf ww.... Snider Packing. 5 Socony-Vac (80¢). ... Solv Am pf ww (5% ). S0 Porto Ric S(ad0c) Southern Cal Ed(2).. Southern Pacific. ... Soutkern Railway... Sparks-Withington. . 4 Stand Brands (1.20). Stand Gas & Elec (2). Stand Gas&El pt (4). Stand Gas&El pf (6). Stand Ol Calif (2)... Stand Oil Kansas. ... Stand O1l NJ (12)... Sterling Secur (A). .. Sterling Secur cv pf. Stewart Warner..... 4% Stone & Webster 23 Studebaker Corp % Superior Ofl. 24 Superfor Steel. . Telautozraph (1).... 4 Texas Corp (1)...... Tex Gulf Sulph (2).. Tex Pacific Land Tr. Thermold Co Third Avenue. Third Natl Inv (1) % Gen Bronze. . BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, September 29 —Trading in the stock market today continued in cmall volume, entirely professional, as for some time back, but with a dis- tinctly heavy appearance replacing the firmness of earlier in the week. The market opened slightly higher, with trading concentrated in a few favorites. One of these was Mcnt- gomery Ward, which touched a new year'’s high. The early buying, how- ever, soon exhausted itseif and stocks came under moderate pressure. The truth of the matter is that the market is topheavy with pools. Soms of them had been crganized in stocks which have a good statistical back- ground, but the same cannot be said of all of them. It is easy to bid prices up because there is liitle or no outside liquidation, but it is quite another mat- ter to find some one to sell them to at the higher level. Operations for the rise today went on in Pullman, in United Alrcraft, in Sim- ,|mons Co. and for a time in Chrysler. ¢ On the other hand, General Motors was rd Baking (B). .. in supply. The dividend meeting is Ward Baking of (4. 1 | more than a month away and sales are Ward Bros Piotures 1, | understood to be increasing, but doubts Wirtes Quinian 13| were expressed again today about the Lokl S 1, | next disbursement. sson Of1 & $n (1. w| The market had no help during the West Pa El Dt (7). .. : S1 |ezrly trading from commodities. Cof- West §a Pwr pf (7). + 1| fec broke violently on reports that the Western Dairy (B) . Z ;| insurrection in Brazil was on the verge Western Maryland. . Z s |of collapse. Cotton was lower, and Western Pacific pf. % 5% — 1, | Wheat, on which speculators in_stocks Western Unfon. Zo, |placed so much reliance, was off frac- Westing'se Alr B(1). : § 1 | tionally in the forenoon. Under the Westinghouse Blec. a % — 1% | circumstances, there was little incentive White Motor —1 |to take the buying side. The best that Wilcox Oil & Ga: 4+ 1 | could be said was stocks were not really Willys-Overland. .. — % weak. Wilson & Co (A) . ... . | Motor stocks were affécted by the Wilson & Co pf. & + 7% |heaviness in General Motors and the Woolworth (2.40) .. 397 % —14 | reaction in Mack Truck. Du Pont went Worthington Pump. . + % | Off with Gereral Motors. Among the 18! 3% Wright Aeronautical + % | utilities Consoldiated Gas was strong in 57 26% Wrigiey (Wm) (3).. I — 14| the first hour, but lost its gain later, S % T YT « _ | 2nd American Telephone acted eimi- 7% 1% Yellow Truck.. e 27% 4 Younsstown Shi&Tu. [/¢p 2 0c alls were slightly lower, atthough S L e | il news was more encouraging. It z % Zenith Radlo....... | was estimated that car.oacings: will 9% 4% Zonite Products(60c) 8 Ty 53| show ancther bctter-than-ceasonal in- Sales of Stocks on New York Exchange. crease in S:turday's statement and the Tide Water Asso Ofl AM. 200,000 12:00 Noon 600,000 | August earnings rep-rts coming to hand s by H : . . 800,000 210 P.M 1,000,000 |mMmade a less unfavorable comparison Timken Roller BE(1) Dividend rates as given in the above tables are tho annuai | Nil tHOSe of a year ago than they did Tian s aetiea G % e | cash payments based on-the latest quarterly or haif-yearly decla- | 0 the July figures Tri-Contl Corp. . ratione. g 5Unit of trading less than 100 shares. tPartly extra. 1Plus caper & L ¢ 4% in stock. a rate. b Payabl U. S. TREASURY BALANCE. Int Paper & Pwr (B). 24% 7% Und-Ell-Fisher(50¢c) 213 + Y% |stock. ePayable in cash or stock. fPius 8% In stock. ;yl:ln: z’: | By the Assoctated Press. Int Paper & Pwr (C). ‘ % y S | in stock. 3 Plus §1 in special prefe it Int Paper & Pwr pf. y 11% 6% Union Bag & Paper.. .,::: 1y, | M Paid iast year—no reguia. e oE i e Atk receipts for September 27 Int Rys Cent Am pf. 2 %! in serp. ¥ Ex-dividend. .871,862.23; expenditures, $4,- Int Salt (1%).. g 803,316.74; balance, $870,527,874.14; with Baltimore & Ohio Rail-|pB & 0. PLANNING DEAL fustoms duties for 27 days of Septem- et Trade \WITH WESTERN MARYLAND , T : 5 United States would be exempt ;s[:x':glo;x‘:slmggh‘i ’:fi;,“.}uf.?c'ggiimfif\ Sl D from the proposed 10 per cent }:crz‘s’e CORPORATION provement, with daily orders about 50 | By the Associated Press. {2 clstons duties niUrun REPORTS | per cent above original estimates. NEW YORK, September 20—The . TRENDS AND PROSPECTS OF | | Shipping and Shipbuilding. managements of the Baltimore & Ohio FIRST TRUST LEADING ORGANIZATIONS. Atlantic, Gulf & West Indies steam- | 3nd Western Maryland Railroads, it : a : REAL ESTATE | ship lines’ deficit, sevea months ended | a5 reported today, are considering NEW YORE, September 20.—The fol- | July 31, $807,378 va. net income, $132,474. | 1eans for unifying ‘the systems by an NOTES FOR SALE lowing s today's summacy of fmportant | | J. LEO KOLB 804 17th St. 1237 Wise. Ave. | Steel and Iron. cther month will elapse before terms West 0002. BY EDWARD C. STONE. Reports made to the Public Utilities Commission today show that the Wash- i ington Railway & Electric Co. earned a modest profit ir& August, in spite of 22" ;2?3-2?5' a:':smu%?le 11 Am Comel Alcohol... . Competition. - Total - 2 Am& Foreln Pwr.. i et earnings. were 5 Am&Forgn Pw pf(1). L -$387,035.90. com- 2% Am & For Pwr 2d pf.. ared with $380,- 3 Am Haw St'ship ()., | B T Mme 1 Am Hide & Leather b g e i 4% Am'Hide & Leath pf.. $e085.16. © : 25 Am Home Prod 4.20.. € 21 Operating rev- 3 7% Am Ice (1). 8 enucs for the : i . 5 -5 O e 4 221, T Am Mach&Fdy(80c). $388.202.36 in the M f§our o e 7% 3 Am Power & Light. ;5:5029";%“‘%%; 10 AmP&LtptA (5) i called for $340.- 32049, compared l.with ~ $369,075.56, leaving _operating income in the red to the amount of $2.85052, ageinst the August, 1931, . figure of $19.126.80 in the black. Non-operating income in August ! totald 544390567, in comparison with ! $414,945.11, making the company's gross income stand at_s$441,035.15. compered | with the lower figure of $434,07291 in ! the like month a year cgo. | "For the first eight months cf the pres- ! ent vear, Railway & Electric reported operating revenues of $3.077.461.33, - against $3,596.957.60 a year ago: Op- erating_expenses end taXes amounting ' %o $2.777.46295. egainst the higher figure of $3.019,886.73; leaving a total EF OF EFFFE - Realty & Imp. Rubber 1st pf. USSmtg & Ref (1).. U S Smtg&Ref pf 314 U S Steel.. z U S Steel pf . United Stores (A Univ Leaf Tob (2) Univ Pic 1st pf (8). 4 Univ Pipe & Rad. . 1% Util Pwr & Lt (A) % Vadsco Sales Corp. 6% Vanadium Corp. % Va-Car Chemical.... 20 Va-Car Chem 7% 1f 7% Vulcan D See P T T T T 70 Gold Dust pt (6) 2% Goodrich (BF). 5% Goodyear Tire&Rub. 19% Goodyear 1st pf (7).. 7% Gotham Silk Hoslery. 1 Graham-Paige 14% Grant (W T) (1). 5% Great Northern pf... 5 Great Northern Ore o - E. Don Ross. « 8 Am Smeltg & Ref pf. i Am Snuft pf (6)... 10: Am Steel Foundry... Am Stores (1234) Am Sugar (2).. Am Sumatra Tob. 4 Am Tel & Teleg (9).. AmTobacco B (16)... Am Type Fdrs pf. ter Wks ( Wks cfs(2) . Am Woolen. . Am Woolen pf. s o BudnBurdn 215 Gnlf States Steel . Hahn Dept Store: ahn Dept Stores pf. Hall (W F) Printing. Hawalian Pineapp! Hayes Body.. Helme (GW) ( Hercules Motor. . Hercules Powder 1% 4 Am Writ Paper ct(: Hershey Choc (6).... JE A Zine EEaac 1 73 Holland Furnace. . .. AnnconisIocy parss % 12 i 110 Homestake Min(t10) Armour of Del pf(7). g 1 Houdaille Hershey... operating_income of $299,998.38, com- Armour of 111 (A). 2 1% Houston Ofl (new), ! pared with $577,100.87 in the like 1931 2 Armour of TIl (B) 214 Hudson Motor Car P onLoperating 1n totaled $1 e I Anoi Constan A ECODIMT ors Non-operating income totaled $1.- rnold Const e i1452,206. sgemls gear, compared with the Associated APDATe :% ;gé?oflslse;':lr;l- \ lower figure a year £go of $1,259,945.34. A#s0 Dry Goods... .o u Indian Refining. .10 After all the usual deductions the rail- Associated Ofl (1)... a . “B e e o .8 Eurr- 8ol easZon > *0+11 EEFE PFIEE way company had a net income of $1.- Atch Topeka & 8 F Ingersoll-Rand (2). 32023744, in compariton with the Atchison of (5).. " larger net a year ago when it stood at Atlantic Coast Line. . $1,499,396.12. Atlantic Refining (1). " 4 Atl Gulf&W Ind pt. .- Ross D. C. Credit Men's Guest. ¢ Auburnhuto (0. - E. Don Ross, president of the Na-| _7i 11 Aviation Corp (Del). ! tional Association of Credit Men, was| 3~ Balawin Locomotive. honor guest of the officers and board | 51y 3 Baltimore & Ohio.... of directors of the Washington Associa- | 41, 6 Baltimore & Ohlo of. tion of Credit Men at a luncheon at the | 3 914 Bangor&Arostk (2).. . Willard Hotel this noon. The newly 50 -Bang & Aroos pf (7). ! elected president of the national r<so- ! ciation is secretary of the Irwin-Hodson Inland Steel. ... 4 Insuranshares (Del). Insurshares (Md) Interboro Rap Trai Int Agriculture. Int Carriers Ltd Int Cement. .. int Combustion. Int Combustion p! Int Harvester (1.20). Int Harvester pf (7). Int Hydro-Elec (A).. Int Nickel of Can. . Int Paper pf.. O T A e N L LI P PES FFELEE - ® & He was. elected President after hav- ing served an eight-month term as act- ing president of the association, follow- ing the resignation of President Henry H. Heimann in September, 1931, when he assumed the post of executive man- ager of the association. . Ross was born in St. Albans, Vi, July 13, 1880, and early in life 2% Belding-Hemingwa: 4% Bendix Aviation... 5% Best& Co..... T% Bethlehem Steel. 16% Bethlehem Steel pf. 91 Bigelow-Sanford 3% Blaw Knox.... - 4% Bohn Alumn & Brass. 20 Borden Co (2). . 36% 15% Un Carbide & C(1.20) 13 Interstate Dept St 10% Island Creek Coal(2). T5% Jewel Tea (147%5). 33% 10 Johns-Manville. 84 30 Jones & Laugh pf(3) 113 9013 KC P&L I1stpf B(6).. 15% 2% Kansas City Southn.. Kaufman D S (80¢) J) & Co. went to Oregon. After leaving school he joined the Postal Telegraph Co. and w connected with it in an official cap: for 20 years before entering ercantile life as a partner of the Irwin-Hodson Co., where he engaged in crecit work. Mr. Ross is widely as an exponent of better credit which he stressed at today's 31% Bklyn-Man Tr pf (6). 274 Bklyn & Queens..... 46 Bklyn Unfon Gas(5). 23 Brown Shoe (3). . 15 Bruns Term & Rwys. 1% Bucyrus-Erie. .. 213 Bucyrus-Erlecv pf.. 14 Budd (E G) Mfg. 2% Kelvinator Corp. .. 4% Kennecott Copper. 6% Kresge (SS) Co (1) 10 Kroger Grocery (1).. 25 Lambert Co (15)..... 1% Lee Rubber & Tire. .. 47 Leh Port Cmt pf (7). 1 Lehigh Valiey Coal 5 Lehigh Valley RR... 30% Lehman Corp (2.40).. 6 Lehn & Fink (2). 3% Libbey Owens Gla 324 Liggett & Myers(t5). 34% Ligs & Myers B (15). 13% Loew's, Inc (14). 39 Loew’s Inc pt (6% 1% Loft Inc.... 16} Loose-Wiles Bis (2).. 9 Lorillard (P) (1.20).. 815 Lou Gas&EI A (1%). 1% Ludium Steel. . —_— McCall Corpn (2). . 20 McCrory Strs pf (6).. 15 McGraw Hill Pub.... corporation news prepared by Standard| _U. S. Steel Corporation subsidiary, | 37¢, reached. Statistics Co. Inc, New York, for the | Bessemer & Lake Erle Railroad Co, re- | Baltimore & Ohio bought working b |calls 885 employes at Greenville shops, | SCDtrol of Western Maryland in 1926 Associated Press: to work on half-time basis. Train LDe commission issued a complaint | crews are to be given two weeks' work fg:‘gi;y};‘: n%:’l“mlesf;! & dO;fl‘t]) under a mont] ton n and fol ed it | Curtiss-Wright Corporation plans sale d | 2 1930 with an order to divest Ttselt oxr of 508,100 shares of common stock at Sl mml;unum 0 {ceatrale mflhéto-;fint:aryl it permitted Carter Carburetors— Ve ice cf $4.25 a share; pro-| ern ties Associates common 0 to place the stock | 2 . an average pr M PIO- | are. earnings, 13 months ended Au. | With the Chase National Bank as trus- Eclipse—Bendix gust 31, $2.65, vs. $3.16. tee. Lockheed Brakes Prate purposes; certain bankers hold | Engineers’ Public Service Co. com- /| MILLER-DUDLEY CO. | RS Sptions 1o buy 400,000 shares at prices | Tlon share carnings, 12 months ended | u ugust 31, $1.38, vs. $2.0. YOR A N ranging “"mF:::OP:::S‘: ste Sierra’ Pacific Electric Co. common | O_K BARK STOCKS . Nocti X0 £ luct — - | share earnings, 12 months ended Au- General Food Corporation August and | gust 31, $2.29, vs. $1.56. September sales volume was at levels e of like 1931 _months. CHICAGO DAIRY MARKET. Seeman Bros. ceclared a quarterly Jividend of 6215 cents on common stock;| CHICAGO, September 20 (P)—But- | ciase Nationat Big. Asked previously paid 75 cents quatterly. | ter—Recelpts, 7,835 tubs; unsettl fr’{‘f",{‘,‘“ 8 St . 4 Household Products. creamery, specials .93 score), 1913a20; | First National ' (100) promoting civic welfare, being a past president of the Portland Executives’ 313 budd (E G> Mfg ot Association. i : 15 Budd Wheel. caders of the national association, Db EToRI(A afier a call at tae White Hovse ind e seid they had expressed “appreciation” to the Fresident ior Mis Pai. i sl 74 Bush Term deb gt up . the Reconstruction Finance Cor- 7 Bvers (AM).... paration and the Home Lcan Bank 351 Byers (A M) pf(7) system. —_— g 4% California Packing. Mr. Ross said that the creation of 1% Calumet & Hecla 214 Campbell-Wyant 6 Canada Drv (1.20)... 7% Canadian Pacific, 16% Case (J I) Co. . 30 Case (JI) pf oo 4% Caterpillar Trac 50c. 1% Celanese Corp. .. T% Cent Aguirre (1%).. R R 6% Burr’ghs A M (80c) Aircraft. 31; Bush Terminal. Authorized Service #0100 ceeds of sale would be used to pay down the Home Loan Bank Board will be of present bank loans and for general cor- great help to homeowners and that this will be a big contribution in the gen- eral mcyement toward economic re- covery. He was_accompanied to the White House by David A. Weir of New York, an officer of the association, and ‘W. H, Jouch of New York, a past presi- den | MF. Ross esserted that money released ety R e che Reconstruciu 1 oration to manufac tanks is commencing to show itself in § OFNESEE FERNE FPFEET NEW YORK, September 29 (#).— | Over-the-countér market: ) (Quotations 2s of 2 e'clock. Bl ¥ o'elock) Money on Hand to Loan on First Deed of Trust 6% Interest P ) Certain-teed Prod. 9% Ches & Ohlo (2%).... a constructive way and has been onc of the factors that has brought the turn 4% Chesapeake Corp (2). 13 Chi & Eastern 111 pf.: 11 Chi Great Western Mclntyre Porc 1%. McKeesport T P (4) McKesson & Robbins Reynolds Spring Co.—Orders on hand for company’s new “Bonnyware” house- hold utensil line exceeds $1,000,000; extras (92), 19; extra firsts (90-91), 18a 18%;; firsts (88-89), 16'2a17%; seconds Yonnattan i3, 12 Natlonal City (2) | Public (2) y Reasonable Commission and Prompt_Replies to EEEEE £S5 FEEEFEE in the Nation's econcmic recovery. Power Company’s Net Lower. The Potomac Electric Power Co. Te- ported a moderate falling off in net earnings in August to the Public Util- ities Commission today. _Operating Tevenues for August totalied $531.687.71, against $842,446.27 in August, 1931, off $10,756.50. Revenue deductlons ' Te- quired $463,614.83, compared with $450,- T4t Corn Coln (185, 872.93 a year 2go, a gain cf over 41% Coca Cola (A) (3). ¥ et ‘operating revenues amounted to G can e nae): 2 enues -Palm-P pf (6).. SIS IEE O ol AOTETBEN o oE EAlmeR R (O 8 decrease of $23,498.40. After all cther 4% Columbia Gas (b1), deductions the power concern had a nes income in August totalling the sub- stantial sum of $303198.60, against $526,165.82 in August, 1931, a decrease of $22,967.22. i For the first eight months of 1932, 214 Chi Great West pf... e R % Chi Mil StP & Pac.... 1% Chi Mil StP & Pac pf. 2 Chi & Northwestern.. 5 Chi& Northwest pf.., Chi Pneu Tool. Applications JAMES F. SHEA 643 Indiana Av. N.W. McKesson & Robs pf. (86-87), 15al15!,; standards (90, cen- : tralized car lots), 19%. g?fi%‘é’{n};flm i) Eggs—Recelpts, 5,168 cases; unsettled; | Sentrel Hanover (Taj. American Smelting & Refining C0. | cxpod pore e b 5,88 et et oy | Chemical T80y . reduced price of lead 15 points further | graded firsts, -cars, 23%; local, 2215; h b to 3 cents a pound, New York: negotia- | cyrrent receipts, 19a21: tions for acquisition of Federated Metals i reported near completion. Railroad and Railroad Equipment. Large railroads reported ready to comply with request of President Hoover | s thatpthey postpone discussion of a fur- | during August were the best since last ther wage reduction until January 1, December, according to figures em- 67 FIRST MORTGAGE Mack Trucks (1). contracts pending exceed $2,000,000. Macy (HR) (n2) 9 Metals Non-Ferrous. Madison Sq Garden 5 Magma Copper(50¢). Mallison & Co. .. Manhat Elev gtd (7). Manhat Elev mod gtd Manhattan Shirt..... Marine Midla (80c) Marmon Motor Car Marshail Field & Ca.. Mathieson Alk(1%). May Dept Stores (1). Maytag Co. .. Miami Copper Mid Continent . Midlana Steel Prod. . Midland Stl 1st pf(8) Minn-H'well Reg (2) M StP &S S Mlsd (4) Mo Kan & Texas..... Mo Kan & Texas pt Missouri Pacific. s Missouri Pacific p! Monsanto Chem 1%.. 5 Montgomery Ward Mother Lode. ... Motor Meter G & El Motor Products (2).. Motor Wheel. 1+ 5 Chrysler Corp (1)... % City Stores Collections Improve. NEW YORK, September 29 (#).— Collections on retail charge accounts T___u 258 st (1 Columbia Permanent - - Building Association PAYS 5% compounded semi-annually nder U. S. Gov't Supervision Organized Jan. 1, 1903 733 12th St. N.W. Melvin C. Hazen, Pres. Wm._ P. Richards, Vice Pres. Floyd E. Davis, Treasurer Fred A. Smith, Secretary @ 3% Barnsdall Corp. . 15% Beatric Creamery. ... - ; Co.. Portland, Ore. 70 Beatrice Crm pf (T).. T 7 1% Twin City RapTran. 1933. braced in the index of 20 stores issued Baltimore & Ohio deficlt _elght | by the Credit Bureau of Greater New SECURITIES months ended August 31 $5,698.929, vs.| YOrk. A decrease of 141 per cent was | net income $1,956,233; management re- | Shown for the month compared with | ported considering means for unifica- | the same period in 1931. % tiond o!‘?. co&plnthllhhvles!en'; N'll;cr{- —_——— land Ry. through exchange of stock; adding 1.800 o shop force through re- POTATO MARKET. duction of working schedule to 30-hour| CHICAGO, September 29 (#) (U. S. week. Department of Agriculture).—Potatoes, Chicago, Indianapolis & Louisville| 115 cars; on track, 348; total U. S. August net operating income $15,776, | shipments, 481; dull, trading fair; vs. income $27,328; eight months’ def- | sacked, per cwt, Wisconsin Cobblers, icit $403,060, vs. income $201,729. 6Ca65; Minnesota Cobblers, Hollandale | Gulf, Mobile & Northern August net | section, 60a65; Minnesota Sandland operating deficit $47,084, vs. income of | Ohios, 55a60; South Dakota Early neight-month period totaled $98,444.63, 7214 Consol Gas NY pf(5). $24,633; elght months’ deficit was $195,~ | Ohios, 55a65; Wyoming Triumphs, 1.15; “in comparison with $189,330.20, a drop 4% Consol Laundries(1). 6 6 006, vs.'income $38,184. Idaho Russets, 1.05a1.15. s ST 00, eaving atter ol deductions 254 Cona RR of Cuva pE.. Rl z A e ooerating atomme, $115064 wover $27,000, leaving after all deductions o . T14 Nash Chat & St 2 : ‘ g 8 net income of $2.950,962.20, compared % Consol Textile. . e NAtACHOCo g s, income $10036; elght monthe 'In- SILVER QUOTATIONS. Trading Active on Exchange. 2% Contl Baking (A). 1‘::: f,:fl’,.’{fj,é‘({;;:. ing shop operations, will employ about Engedjse 205 ! Trading was unusually active on the 15 Contl Baking (B). Nat Dept Stores. 4,000 men. ‘washington Stock Exchange today, 17% Contl Can (2).....0m t Distillers. . Norfolk flsou'.he;:lw%uxun L bonds again being in best demand. 3 Cont Diamond Fibre.. Nat Lead pf B (6) erating deficit, $ . dvfsfci wln;;sga «The largest bond sales were $1,000 trans- 6% Cont Insurance(1.20) Nat Pwr & Lt (1) $3,478; eight months, deficit, $195, .fers in Potomac Electric Consolidated 8 Contl Motor: Nat Steel (50¢) vs. income of $280,998. U5s at 102 and Washington Gas 5s at 3% Contl Ofl (Del) . Nat Supply Co. ‘Western Maryland Railway plans re- 101. Both bond and stock prices 24% Corn Products (3)... Nat Surety. ported under discussion for exchange \showed little change. District National, 9914 Corn Prod pf (7).... Nt Tea (800) «Federal-American, National Bank & 13 Coty Ine.... . 1 . i .. and Security Savings & Com- 21 Crosley Radio. 3 : % 3 ; 014 Bank stocks are now being. 15 Crown Zellerbach. .. =) quoted ex-dividend, following the recent 15 Crucible Steel pf..... dividend declarations. 7% Cuba Co..veunnninne Virginian Railway Co. reports for % Cuban-Am Sugar.... ght months ended August 3I, 1932, 20 Cudany Pack (2%).« & net income of $1,053,512 after taxes 47 Curtis Publish pf(7). ;and charges, equivalent to $3.77 a share % Curtiss Wright Lon 279,550 shares of 6 per cent pre- 1% Curtis Wright nferred stock. This compares with $1,- 11% Comecl Credit A (3) 40 Comcl Cred 1st(6%). 10% Comel Inv Trust (2). 88 Comcl Inv Tr pf 635 .. 94 Comecl Inv Trpf (7 65% Comecl Inv cv pf(e6)., 3% Comecl Solv (60¢).... 1% Ccmwlth & Southern. In_Denominations as Lot Monthty Pavments 17 Desired"” REAL ESTATE MORTGAGE AND 1610 K street LY © Nat. 1403 ) P O TR T T T - P against $7.095,083.94, a gain of $186,- «353.40. Revenue deducticns from oper- ating income required $3,815,009.49, «ccmpared with $3,693,438.54, an in- 27% ComwIth&Sou pf (6) rease of $121,520.95, leaving nct oper- 6% Congolm Nairn (1)... sating revenues of $3,446,407.85, against 5 Consol Cigar, 11§3.240,595.40, a gain of $64,812.45. 5 1 Consol Film. #° Miscellancous income during the 311 Consol Gas N ). ) “U. S. Govt. and TAX FREE INVESTMENTS” General Securities ROBTERT C. JONES & CO. Shoreham Blds. ME. 2022-23-24 a National Metropolitan Bank OLDEST S;\TION;\L BANK IN THE DISTRICT OF COLUMBIA Capital, Surplus & Undivided Profits Over $2,300,000.00 15th Street, Oppoaite U. S. Treasury This Bank Has Afforded ESTABLISHED| IN N Y Chicago & St L. NYChi&StLpf.... N Y & Harlem (5). % N Y Investors..... 6 NYNH& Hartford. 3% N Y Ont & Western. . 10% Noranda Min (a50c) .. % 1 on Chemica: 57 Norfolk & West (8)... Aok oar 1,930,077, or $2.59 a share, on 812,715 814 Del Lack & Western. 1% North Am Aviation. ‘common shares after preferred dividend 59% Devoe & R 1st pf (7). 13% Nor Amer(b10%stk). TRUST requirements in first eight months of 12 Diamond Match (1).. b% Northern Pacific. . 1931 OFFICERS ° o it B N R 5 Rt Service and Protection ugust net income was atter 7% Dome Mines(+1.30).. 2 5 OhloOf NEw YURK STATE Avout : 5 L4 e ifaves and charges, against net income 5 Doug Alrcraft (75¢). A o —to generations of leading Washington citizens . . . demon- is Served Atsokinges strating, for over one hundred and eighteen years, its usefulness. —by the New York State Electric & 4 23 Drug Corp (4).. Norfolk & Western' Railway Co. re- 22 Dupont de 2 9 OlsElevator (1) € q e and loyalty—not only to its customers, but to the city and LIVING the National Government. g::fiffi?;::::ff:mz‘h:! jotihls TRUST {] “Metropolitan” customers come from every walk of life, and . the small depositor is served as readily and as efficiently as the iiports for eight months ended August T Eastern Roll MIII 1% Otis Steel 131, 1932, nei income of 37,749,999 after 35% Eastman Kodak 43). 34 Otls Steel pr pE. -1+ v+ rtant industrial cmo‘f?h is (’:eo broken e ra- . . . toa'd = s largest depositor. YOUR Checking and Savings Accounts are invited. | I+ 11+ EEFEF FFFF L& FEFRIFF FX ‘dend requirements on 4 per cent pre- o 7 ferred stock to $507 a share on 1406, Pl e S 16% Pacific Gas & EI (2)... 483 ehares of common stock, This com- N . 20% Pacific Lighting (3).. {Bares with S13276487, or §9 a common Pl e ey 58 Pacific Tel&Teleg(T) “3hare in first eight months of 1931, D el 1% Packard Motor Car, i 74 Pan Am Pet B (1) .« August net income was: $1,272,316 i "after taxes and charges, against $2- Holsle e A 13 Paramount Publix: .. +038,505 in August last year. 16 Endicott-Johnson(3). ! R 16 Eng Pub Sve pf (5).. 12 Equit Office Bldg 1%. : WHOLESALE PRICES DROP. 2 ErleRR. s By the Associated Press. 2% ErfeRR \ Wholesale selling prices dropped off Fairbanks-Mor: i slightly during the week ended Septem- % Fashion Park Asso.. {ber 24 as the trend was calculated from 1% Fashion Park As pf.. list selected by the Commerce De- 3 Fed Wat Service A.. ipartment. In the tible that follows the 6 Fidelity-Phoen 1.20.. +Index of all seiling prices is given, based 10% Firestone T& R (1). 1on representing 1926 levels as 100. In 45 Firestone T&R pf(6) . addition, the price is given for a ton of 36 First Nat] Strs (2%4). composite steel products at like periods: % Fisk Rubber, pees e All commodicics. Steel. 1% Fisk Rubber 1st pf... . Week ended September 24 62.4 $29.32 4% Florsheim Shoe (A) 1+ Previous week..... 629 $29.32 . Same week last yea .. 68.6 $31.02 e ; * o 15 —3% | 20% Jtmxed Snd chatges, equivaledt after divi-| "o, "3 paton Mfg Co.. ) ) 27 12 Owens Ill Glass (3) tion earnings. i+ +10 Net aminp-bel"ore depreciation are 8.54 times annual bond interest. ‘The 4%% First M e Gold Bonds at present prices yield over 5%. + - 1% Pathe Exchange (A). 3% Patino Mines. . 16 Penick & Ford (1 13 Penuey (J.C.) 1.8/ 14 Penn Dixie Cement. . 65 Penna Railroad..... 89 Peoples Gas Chi (5). 815 Pere Marquette pr pf 3 Petrol Corpof Am... 3% Phelps Dodge. . . 2 Phila& Read C& I 314 Phillips-Jones Co. 10 Phillips-Jones pf. ... 3 Nam 2 Philiips Petroleum. . 8% Phoenix Hoslery % Plerce Petroleum. = Plymouth Oil.seea Interest Paid on Savings The First National Bank in the United States to be granted Trust Powers under the Federal Reserve Act § 4 - ® |+ 11 ++ FEE X - General Utility Securities Incorporated 61 Broadway New York City Please send me Circular J £72. OPEN UNTIL 5:30 P.M. Friday, Sept. 30th, for Payday Depositors’ Convenience P44+ 01+ + F OFEFEF PRSPPI | [N