Evening Star Newspaper, November 24, 1932, Page 15

- PROSPERITY SEEN FOR CONTINENTAL Baltimore Receivership Hear- ing Told Nature of Shares by President. By the Associated Press. BALTIMORE, November 24—Testl- fying at the receivership hearing of Continental Shares, Inc., in Circuit Court here, George T. Bishop, pres dent of the concern, yesterday eaid, “When prosperity returns, it will come very fast to Continental,” because it is interested in fundamental industries. Bishop was a defense witness against | the petition of George L. Gugle of Co- | lumbus, Ohio, to place Continental | Shares, a Maryland corporati offices in Cleveland, in recs The hearing was adjourned late ye: terdev vn'il Monday.' Bishop ik~ %0 have the large inter- | ests of thc company thrown upon the market and widely distributed amo small stockholders would be destructi to the industries of which the compa: is a stockholder. “If Continental Shares stockholders,” Bishop said, “ever realize anything. they must recognize that the large | holdings of Continental Shares are in- | trinsically of immense value, and if | banks continue to carry us as they | have, an improvement in conditions will greatly benefit Contineptal Shares | and its stockholders. Question of Values. “The value of stock owned by Conti- nental Shares chiefly in fundamental industries cannot fairly be estimated at present market values because Con- tinental Shares has an opportunity to participate in the affairs of those in- dustries, and if such participation is wise, its holdings will become immensely more valuable.” Questioned concerning four Cleve- land bank presidents on the board of Continental $hares which the petitioner charges contfol the board and are only interested in)securing the payment of loans by thelr banks to the company, Bishop said:| “The four' bank presidents on the present board have leaned over back- ward to serve Continental Shares. When they went on the board their loans were amply secured. They went on to serve the interests of Continental Shares and not the interests of their banks. “If they had not been on the board other banks#would not have been as Jenient with Continental Shares as they Xave been.” The four bank officials on the board ‘were xnme(it zurrlxer int the day by Has- | sel Tippet, testify.ng for an accounting | firm, a5 Wilbur M. Baldwin, president | of Unfon Trust Co. of Cleveland; | Harris Creech, president of Cleveland | Trust Co.; J. Arthur House, president of Guardian' Trust Co. of Cleveland, and Corlis E. Sullivan, chairman of the | board of diréctors of Central United | National Bank of Cleveland. # Extension of Loan. Bishop pointed out he had obtained 8 six-month extension of a $7.800,000 loan payable to 14 banks, and although no definite extension had been granted by the Chase National.Bank in regards the loan due it, it has not pressed Continental Shares for payment. Bishop and three others became mem- bers of the board of Continental Shares 4n December, 1930, four former associ- ates of Cyrus S. Eaton, founder of the | company, resigning to make this pcs- sible. During the following April Eaton | and his remaining associates and one of the new members of the board re- signed, the four bank officials filling | their places. 34 wac! revealed at the hearing Conti- nental Snares is the largest single stock- | holder in four rubber companies, which | ,Em’ue'nt approximately 70 per cent of | “the rubber iness in the United States, and also held controlling interests in | steel concerns representing 50 per cent | of the steel business in the country. In | addition, it was said, the company has }ufie investments in public utilities. DAWSONVILLE STORE ROBBED BY BANDITS | Two Colored Men Force Proprietor} and Customers Into Submis- sion With Guns. Bpecial Dispatch to The Star. DAWSONVILLE, Md., November 24.— Two colored men held up Oscar Stang in his store here early Tuesday night and got away with between $40 and $50, 50 Stang told the police. Besides the merchant two colored customers, Robert and Richard Hebron, both of this vicinity, were in the store | when the strangers entered. The pair | asked ion to warm themselves and a few minutes later and after one ‘had made a small purchase both flashed yevolvers and ordered Stang and the | Hebrons to hold up their hands. One| of the bandits kept the trio covered while the other robbed the cash box. | Stang notified police headquarters at Rockville and Sergt. Roy Bedmer and Pvt. Gassaway Linthicum hurried to the scene, but were unable to find any | trace of the robbers. ILLNESS OF MACDONALD | DENIED BY PHYSICIAN Declares British Leader Physic:\l]yi and Mentally Fit, in Reply to Published Rumors. By the Associated Press i LONDON, November 24.—A reassur- | ing statement by Prime Minister Ram- say MacDonald’s physician was before the nation yesterday, following upon publication of rumors in newspapers that his health had taken a bad turn.| “T am glad to be able to tell you that health is excel-| lent,” his physician, Sir Thomas Hor- | der, declared Tuesday at a public meet- ing in London. “He at times, and of nece: tired man—often a stra. m I am glad to reassert that he is a physically and mentally fit man,” the physician said. Rumors_that the prime mirister was in il health were also denied by gov- ernment officlals, R. M. EASTMAN DIES Prominent Sportsman and Head of Printing Firm Tll Long Time. | SHICAGO, November 24 (#).—Robert M. Eastman, 63, prominent printer, sportsman and clubman, died yesterday | following & long illness. He was chair- man of the board of the W. F. Hall Printing Co., of which he became the head in 1908. | Eastman was a racing enthusiast and | owned several horses, including Mike | Hall, once a Kentucky derby starter. DOESN'T TRUST TASTE Judge Holds Senses Can’t Deter- mine Strength of Beer. PEORIA, IIl, November 24 (#).—Fed- eral Judge Louis Fitzhenry has ex- pressed the opinion that mere taste and smell of beer is not sufficient evidence in cases in a United States Court to aleoholic content. . B o Bnydls ot Chitfcothe, | areas of France, 2!into the fine buildings. ’ DULUTH, Minn, CHAHAR (@HINA PROPER) THE EVENING STAR, WASHINGTON Japanese General Staff Maps Manchukuo AREA COVERS FOUR OLD AND ONE NEW PROVINCES. <rama ——— - HARSIN RS Oy Y, CHANGCHUN s, & Py ———m An official map of Manchukuo, published under direction of Japan, reveals the exact boundaries of the new State for the first time. kiang and Jehcl. churia to form the new state. By the Associated Press. der dircetion of the Japanese general staff, a map just published definitely delimits for the first time the bounda- ries of that product of Japan’s military | occupation of Manchuria, the state of Manchukuo. When the Associated Press asked Lieut. Gen. Sadao Araki, minister of war, to define the area of the new state, the general produced a copy of this map, saying: “This will answer ycur questions. In brief, Manchukuo includes the for- mer Provinces of Fengtien, Kirin, Heilungkiang and Jehol.” In thus mentioning Jehol as part of the new state Gen. Araki carried its boundaries cutside what the Chinese considered Manchuria. ~ Furthermore, | the map showed that the territory | claimed for Manchukuo had been split | into five provinces, the four named by him and a section in the northwest called Khingan, after the mountain | range that runs through it. | ‘This new province ccntains areas formerly under the nominal jurisdic- tion of Fengtien and Heilungkiang Sx;ovmces. Mongol tribes are dominant ere. 446,000 Square Miles Area. Manchukuo as pictured by this map has an area of about 446,000 square miles, a little more than the combined Germany, Belgium and Austria, which total 442,669 square | miles. ‘TOKIO, November 24 —Prepared un- | Count Yasuya Uchida, the foreign min- Reproduced above, it shows Manchukuo as including the former provinces of Fengtien, Kirin, Heilung- A fifth province, Khingan, has been -created out of parts of Fengtien and Heilungkiang. 'Inset shows Manchukuo in relation to other countries, and also the portion of China proper which has been added to the old Man- The population of the new state is about 33,700,000, of whom at least 32,000,000 are Chinese. Until recently Japanese and Man- chukuo authorities have been noncom- mittal about the new state’s frontiers, especially on the west. As late as July, when the League of Nations Commis- sion, under the Earl of Lytton, was visiting Tokio, Lord Lytton asked ister, what the frontiers of Manchukuo were. The Japanese replied: “By Manchuria wé understand the four eastern provinces and Inner Mon- golia. It is impossible at present to give the precise frontiers.” “How can you speak of recognizing a country whose frontiers you do not know?"” Lerd Lytton asked. “Certeinly the treaty of Versailles gave an example of the same thing with regard to Poland,” Count Uchida countered. Inner Mongolia, the term used by Count Uchida, has long had an indefi- nite connotation, the Japanese having used it to incluce the present Chinese Provinces of Chahar and Sulyuan, which the Nanking government created at the same time that Jehol was made a province, about six years ago. The three were carved out of the northern part of Chihli Province and Mongol werritories Boundaries Now Fixed. Asked whether claim would be ad- vanced for the inclusion in Manchukuo of Chahar and Suiyuan also, Gen. Araki said that the new map, which excludes them, showed the proper boundaries. ‘The map, published in both Japanese and English, gives Manchukuo the fol- lowing boundaries: On the east, Korea and Siberia, Man- chuna having no seacoast on this side; on the north, Siberia, with the Amur River and its tributaries marking this frontier; on the west, Outer Mongolia, which is under the domiriance of Soviet Russla, and Chahar Prgvince, part of the Chinese republic; on the south, the Great Wall of China, dividing it from the Chinese Province of Hopel (for- merly Chihli), and the Yellow Sea. The additions to the old territory of Manchuria embraced in ‘these limita- tions are on the west and south, defi- nitely including territory tlear down to the Great Wall, just aJew miles north of Peiping. They would set back Chinese control almost to the limits held by that people previous to the fit:lg:i;hmem of the Manchu dynasty Great Wall Southern Frontier. Gen. Araki said definitely that the! Great Wall marked the southern fron- tier and the Japanese army had no intention of assisting.the extension of Manchukuo into the Peiping-Tsintsin district, as had been rumored. The wall, he sald, has marked the frontier between China and the “north- ern barbarian” territories for more than 20 centuries. City to Fold Up, Deciding Dream Of Glory Futile Ocosta, Which Plannedto Be Great Port, Now Farm Land. By the Associated Press. ABERDEEN, Wash., November 24.— All hope of glory gone, Ocosta-by-the- Sea, chosen by the Northern Pacific Railway 40 years ago as its Western teixemnus, has decided to disincorpo- rate. Taxes hastened Ocosta’s demise. The tiny community, once visioned as the metropolis of the Pacific Northwest, voted last week to reduce operating costs, no matter what the sacrifice. Only 63 went to the polls, whereas two decades ago Ocosta boasted of a popu- lation of several thousand. Ocosta sprang up in 1880 and 1891. It was located on the routh shore of Grays Harbor, 16 miles from Cosmo- polis. Word came that it was to be the terminus -of the Northern Pacific. A huge dock ‘was built out over shallow water. Extensive plans were made for dredging out a great harbor. Adventurers gnd speculators from all over the Northwest filled the first train into Ocosta. Property sold for huge sums. The town was elaborately plan- ned. Mills, breweries and hotels were built. Men paid $500 for preferred places in the lines waiting at real estate offices. But the panic of '93 changed the pic- ture. The railroad decided to go into Aberdeen and Hoquiam. Capital with- drew and business moved to other Grays Harbor towns. Then fire and salt air—mostly the briny breezes from off the Pacific—ate Cows grazed on pasturage that once represented $10,000 industrial sites. The railroad ties rotted and the fancy board walks caved in. Now Ocosta is a good agriculturel re- gion, but no trace of its former splendor remains. 2 Citizens have been paying taxes on city property. Now there will b2 no more such taxes—nor a fourth-class city —only another ghost town in the Far West. WANDERING GbGSE GIVES CLUE TO RAID ON SHOP Policeman Finds Fowl on Street, Discovers Intruders in Market. By the Associated Press. November 24—A wandering goose which aroused the suspicions of & patrolman resulted in the arrest of two men on charges of stealing fowl. Pal Leroy Brandenhoff dis- covered the goose ambling along & downtown stre>t late last night. Re- membering that a nearby meat market had received a shipment of several hun- | dred birds for Thenksgiving, the patrol- man placed the goose in a garage and went to the shop. ‘There he n?d he found Edward Gross, 31, and William Musolf, 39, kill- i ot s, Ny o a2 tered fowl. i Better Than By the Associated Press. NEW YORK, November 24—The next Lady of the White House is an Episcopalian, but she doesn't feel that her particular creed makes her either better or worse than those who belong to any other church. “To me religion has nothing to do with any specific creed or dogma,” writes Mrs. Franklin D. Roosevelt in Forum Magazine. “It means that be- lief and that faith in the heart of a man which makes him try to live his life according to the highest standard which he is able to visualize. “To those of us who were brought up as Christians that standard is the life of Christ, end it matters very little whether our creed is Catholic or Prot- estant. “To those of us who happen to have been born and brought up under other skies or in other creeds the object to be attained goes by some other name, but in all cases the thing which counts is the striving of the human soul to MRS. ROOSEVELT'S RELIGIOUS VIEWS GIVEN IN MAGAZINE Declares She Is Episcopalian, but Doesn't Feel Her Creed Makes Her Any Other. achieve spiritually the best that it is capable of, and to care unselfishly not only for d, but for the good of all those who toll with them upon the earth.” For conquering the fear which, she says, is the worst thing that has come from the depression, the wife of the President-elect asserts that “we need some of the old religious «spirit which said, ‘I myself am weak, but Thou art strong, oh, Lord!' That was the spirit which brought people to this country, which settled it, which carried men and women through untold hardships, and which has given us our heritage of comparative ease and comfort.” Mrs. Roosevelt says she believes “in the habits of regular church go and regular work for the church,” but that “the fundamental, vital thing which must be alive in each human con- sclousness is the religious teaching that we cannot live for ourselves alone, and that as long as we are here on this earth we are all of us brothers, regard- less of race, creed or color.” COMPULSORY JURY DUTY ADVOCATED FOR WOMEN Miss Pearl McCall, Assistant U. 8. Attorney, Urges Plan Before Bethesda Club. Special Dispateh to The Star. BETHESDA, Md, November 24— | Jury duty should be compulsory for | women as well as for men, Miss Pearl McCall, assistant United States at- | torney told the members of the Wom- ian‘s Club of Bethesda at a meeting | here Tuesdey. service is a civic duty,” Miss d, “and women suonld such service a great privilege.” | emphasized the fact that women | are particularly well fitted for jury duiy |in cases that involve women and young irls. | "'A” detafled analysis of the Mont- | | gomery County budget for the current year was presented by Charles Alex- ander Korbly, deputy county clerk. “First Aid Courses” was the subject of a talk by Miss Evelyn Patton, sec- retary of the Commitiee on Nursing | Activities and Health Aid of the Ameri- | can Red Cross, Washingten. S Wins $10,500 Damages. KAN CITY, November 24 (#).— Old-feshioned stepping stones have be« come & liability in an sutomobile age. Judge Clarence A. Burton yesterday awarded $10,500 damages to Mrs. Lide M. King, who fell over one to which belles of long ago stepped from their horse-drawn carriages. ~ She fractured and test'mony in the trial said | Official her right leg in the fall last December, | lem ENGINEER ELECTROCUTED D. C, THURSDAY, DEBTS ISSUE HELD IMPEDING FACTOR Conference at White House Put Off Vital Problem, Writer Believes. BY DR. MAX WINKLER. Special Dispatch to The Star. NEW YORK, November 24—The status of political debts remains prac- tically unchanged. President - elect Roosevelt has seen the President. He has discussed war loans. On the hasis of a press dispatch that the talk be- tween President Hoover and the Presi- dent-elect lasted for 40 minutes, the war debts were disposed of at the rate of more than a billion a minute. A new record! Nothing concrete has been accom- plished at the Capital. The world will have to wait before this problem, which constitutes one of the most serious im- pediments to the economic recovery of nations, will be solved. If those who are charged with guiding the destinies of the American people were to analyze the question from a purely American int of view, they would in all proba- ty conclude t, while cancella- tion may not be desirable and should not be resorted to, an adjustment on the basis of existing conditions would be regarded as a most constructive step and would have far-reaching conse- quences. In the meantime, conditions are per- mitted to drift, not alone in the United States, but the world over. The se- curities market displays the same tendencies which characterized trading last Summer, notably the months pre- ceding the spectacular July-August rally, following the Lausanne Confer- ence. Investors, as well as the trading fraternity, hesitate to enter into any commitments on an appreciable scale, awaiting more definite signs of a change either at home or in the inter- national fleld. Earnings Unfavorable. the obligations of Youngstown Sheet & Tube may be at- tributed to the unsatisfactory showing reported for the first nine months. Operating income for the period, avail- able for depreciation, taxes, interest, etc, amounted to less than $500,000, while the loss, after all charges, aggre- gated well over $9,500,000. Interest on the bonds outstanding at about $90,- 000,000 is not being earned. Although the financial position of ‘Youngstown continues strong, with cash and Government securities amounting to over $15500,000, and with current assets_exceeding current liabilities by about $67,000,000, the question may well go on paying interest out of cash and surplus. Unless & turn for the better sets in at an early date, the future of the Youngstown bonds, although adequately protected by assets, is somewhat un- certain. Last year charges were not quite covered. In 1930 they were earned over three times, compared with seven and one-half times in 1929, and more than four times in 1928. Cudahy Securities Firm. Relative firmness in Cudahy Packing securities, including the common, is at- tributable to the satisfactory showing made by the company and its ability to report, for the fiscal year ending Octo- ber 31, profits in excess of dividend re- quirements of $2.50 a share. Action is scheduled to be taken in about three weeks, and regular pay- ment is expected. Assuming mainte- nance of the present rate, the return on the investment amounts to almost 9 per cent, while quotations are equiva- lent to about 973 times earnings for the past 12 months. Stockholders will be interested in the remarks by E. A. Cudahy, jr., chairman of the board, that while the decline in rices affected the company’s profits jast year, prices are now so low that it looks impossible to have any further declines. Showing Is Gratifying. ‘Thanks to the ability of the manage- ment of Commonwealth Southern, utility holding company, the decline in net compares rather favor- ably with the shrinkage in gross. e showing is especially gratifying when comparison is made with that of other large holding enterprises. For the last 10 months gross revenue registered a decline of about 112 per cent, com- pared with the same period last year, while net loss about 35 per cent. On the basis of earnings reported so far, it appears that the dividend on the preferred stock is not in immediate danger, even though price and yield suggest strongly that a revision is not impossible. Foreign Industry in Harmony. While politicians -in European coun- tries are constantly at odds, business men seem to be able to work harmo- niously. The latest example is the for- mation by British, French and German capital of a company designed to study the desirability of undertaking and carrying out building projects in vari- ous countries, excepting those whish are directly interested in the plan. The company will be known as the Syndi- cate European D'Enterprises, and will be organized under the laws of France. The initial capital is purely nominal, amounting to 1,000,000 francs. (Copyrisht, 1932, bv North American News- paper Alliance, Inc.) TRESTLE IS BLOWN UP IN MINE STRIKE AREA Dynamiting Is Second Within Eight Days in Vicinity of Wilder, Tenn. By the Associated Press. WILDER, Tenn., November 24.—A charge of dynamite wrecked a steel SILENCING RADIO STATION, of KETBS Accidentally| Touches Wire Leading From Power Amplifier. By the Associated Press. RT, La., November 24— Electrocution of D. R. Simmons, 43- year-old radio engineer, when he came in contact with a power amplifier last night stilled the voice of Station KTBS. Simmons, chief engineer for the Tri- State Broadcasting Co., was supervising transmission of the program irom the control room of the station when he moved against the wire carrying 5,200 volts. A short circuit was formed, causing a chok2 coil to catch fire. C. H. Moddox, assistant engineer, who . was in the room. extinguished the blaze by silenc- ing the radio for the night. Simmons was putting the finishing touches on a new amplifier he had :nstalled. MCKEE'S WATCH FOUND Detective Discovers Timepiece of New York Mayor in Pawnshop. My Jowph' V. Mekee' - misting \yor . watch, which he valued at $500, has been recovered from a pawnshop, he | said yesterday. | The watch disappeared three weeks | ago from the pocket of McKee's trous- ers. Detective Murphy of the head- quarters staff, found it in a West Har- wnshep, where it had been ‘would be crippled for the remainder of her life. pa ghdzed for a $15 loan. The e would not prosecute the who pawned it. trestle of the Tennessee Central Rail- way within a mile of Wilder last night, adding another episode to the series of disorders in this coal mine strike area. The blast came a few minutes after & group of State police, part of the force of 31 men recruited from the National Guard to patrol the district, passed over the trestle on an inspection trip. It was the second time wif ht days that a raflway trestle on the line wrvmxng Wilder was wrecked with dyna- mi Guards are stationed on_ all roads and paths in the vicinity of the tres- tle in an effort to prevent escape of those responsible for the explosions. Market Averages By the Assoclated Press. Yesterday . Previous di Week ago . L Yesterday Previous BRRe Bo bR Raao0E 2232223833 .. s33a8gsnnnag RS cueon be asked how long the corporation can | NOVEMBER 24, 1932. BROKERS HARRED BY STOCK QUERES Clients as Well Qualified to Pick Best Shares, They Aver. BY BERNARD 8. O'HARA, Associated Press Pinancial Writer. NEW YORK, November 24.—Brokers are & bit harried at times by the per- sistent queries of clients who want to know when the next major rise in stocks will occur and what groups will be the lelge:n of the lgwwement. aving made some et poor guesses on the market's eo\g’:nzvcr the last two years, many of the brokers thus approached are likely to make a humble eonfession that the clients are as well lified as they are to forecast the market's future. As for the selection of the favored groups in the next rise, almost any broker will insist it it is about as hazardous a business as picking the winning horse in an overcrowded field. "rshu ltm‘k"lm now embraces more than separate groups, representing direct- ly or indirectly virts e impor- tant industry in th.gunm o There is an undercurrent of belief in brokerage circies that a new set of leaders will set the pace in the next bull market, though no one seems to have a definite idea of what industry or industries the securities will cover. One reason for the general unwilling- ness to indulge in expansive guessing is that most industries which con- tributed the leaders in the bull markets of the last 15 years arc feeling new competitive conditions which may stand @8 a barrier against the recovery of their former earning power, even under a sharp uplift in ess. May Become Subordinate. ‘The 1924-29 bull market will be re- membered for its widely diversified and rotating leadership which gave a place of prominence to a various groups of issues for a greater or lesser period. From their casual observations, how- ever, brokers feel that many of the leaders, which held the stage from 1924 to 1929, may play a subordinate role in the next lod of rising prices. This opinion is qualified to this ex- tent: That certain companies in every group have been favored by their ability to make the necessary adjustments to the changed economic conditions with- out impairment of their resources. Trade Trends By the Associated Press. Chemicals—It is reported in trade quarters that some leading manufac- turers of alkaline are offering large ton- nage shipments for delivery over 1933 at prices considerably below the listed prices which were announced on No- vember 15. Mechanical refrigerators—Sales for 1932 are estimated by the Standard Statistics Co. at 850,000 units, against a record total of 965,000 in 1931. Molasses—Dealers report that the market gives signs of increasing ac- tivity on the spread of colder weather. The New York price of blackstrap mo- lasses holds at 5 cents a gallon for tank ca; rs. Rubber—Production on both large and small estates in British Malaya totaled 36,621 tons in October compared with 33,300 in September and 37,474 in October, 1931, the Rubber Exchange of New York . teel—Railroad buying of steel con- tinues at an extremely low level, and fi;oducem are said to expect no great provement until the pending wage question of the carriers settled. ‘Wool—Reports from the Boston mar- ‘ket say that although no material in- crease in business has developed during the last week, mill inquiry has become :x‘or:e:ct;geA This, chg n&ne dealers, in- ical e approal an im volume of buying. [ g $23,000 FOR NOVEL - “Grand Hotel” Movie Rights Brought Vicki Baum $4,000. ST. LOUIS, November 24 (®).—Vicki Baum, German author of “Grand Ho- tel,” said in an interview here yester- day her earnings from the novel, play and movie have totaled but $23,000. She said she got $4,000 for the motion pic- s e thor sai e German author said she STl e s agent a e has ) hard to make a living.” '” b —— Mae Clarke Operated On. LOS ANGELES, November 24 ().— Mae Clarke, film actress, underwent an operation for appendicitis yes . Physicians her mmurd..y. favorable. Gambling? You are gambling if you keep your valuables in your home without ade- quate protection from fire and theft. Why take this chance when you can buy a Meilink Fireproof Chest for $1(-00 Brings Rest for All U. S. Markets ! | Nearly a quarter of a million IN PRINCE GEORGES .|Christmas Savings Totaling $212,994 Will Be Paid by Banks. ;| By a Staff Correspondent of The Star. HYATTSVILLE, Md., November 24.— » | Christmas savings funds in the 10 BALTIMORE TRACTION EARNINGS ON DECLINE Special Dispateh to The Star. BALTIMORE, November 24 —Earn- GO Gf ‘Baimore. cantmoed 1o o 0. Of continued to show aharp declines in Oct;zber. iross revenues for the month amounted to $930,255.35, a decline of $245,598.39, as compared with the like month of last year. Operating ex- penses, including depreciation, totaled $761,141.50, a decrease of $116,836.24, eo::r-red with October a year ago. ter fixed charges there was a deficit of $177,478.12, as compared with s it last year of $63,677.84. the 10 months ended October 31 gross revenues totaled $9,545,232.73, & decline of $2231964.63. . Operat- e R e ,768,322.57, a decl 24 5 s charges there was a deflcit of $1,538563.86. as compared with a deficit of $334,798.37 in the correspond- ing g:lod a year ago. No provision has n made for interest on the in- come bonds since May, 1931, which must be borne in mind when compari- uo?n:: made h;uhllut year's figure. number of revenue passengers hauled for the 10 months was N‘lfi,- 666, compared with 121,923,650 in the 1931 Deflodb:m of 23,058,984. During revenue passengers decreased from 12,274,806 to 9,691.588. QUAKER CITY RUBBER COMPANY IS ACQUIRED PHILADELPHIA, November 24 (#).— The Master Tire & Rubber Co. of Akroh, Ohio, has acquired the business and plant of the Quaker City Rubber Co. of Philadelphia, it was learned yes- b’ entire ent capital stock changed h{lndsl.zinclud:nx tmldmu cmumnpx of a 12-acre tract and a of fac- buildings, assesed n's'?s'fim. nveyance of the real estate was made by the Quaker City Rubber Co. to I. C. Pennington for $375,000. In later deed the Akron Proj Co., ‘Tire r .y e, sul to mortgage of $375,000. e INCREASE CONTINUES IN U. S. GOLD STOCKS a a & a NEW YORK, November 24 (#).—Gold stocks of the United States gained $6,010,600 yesterday. Releases from VHIE an mporiation of 31008500 ms po? of $1,005, received from Canada. # s Dividend Action Cited. NEW YORK, November 24 (#)— Omission of the preferred dividend on American Locomotive Co. after, con- tinuous payments at the $7 rate since the company’s ition more than 30 years ago, is regarded by Wall Street as another commentary on the adverse :londmgmmmectmz the rail- road equipment dustry during past few years. o e o, B gl e, o Arbuthnot, Lane, the Sminent surseon. because of its advocacy of birth control. We Recomm SUPER CORPORATION OF AMERICA TRUST SHARES Ferris, Woodroof & Lewis, Inc. | Investment Securities | Washinston Building Nat. 5025-6 Authorized Service Carter Carburetors and Clum Switches MILLER-DUDLEY CO. 1716 14th St. N.W. North 1583-4 in the Dis! National Melropolitan ict of Columbia 1814 1932 Fifteenth St., Capital, PROPERTY Apartment House MANAGEMENT of Prince Georges County will be dis- - | tributed " about. - December 1, figures Thaddeus M. r, 8 ;1}2,”4.25. setxm":o in nce Georges County residents have been comparatively slightly hif by the depression. Near Total for 1931. The sum is about $14,000, of about 6 per cent, less than was paid to Christ- mas savings depositors of the last year, and marks the first time since the Christmas savings idea was inaugu- rated that the total has been less the previous year. It is, however, than the 1930 total of $200,213.83. ite the depression two banks re- po slight increases in their Chris! mas savings accounts this yesr. st Go. will pay. $110% shin 0. pay $11.875 this year, as compared with. $10,285.25. in l”’.u the account.of rose from $1,800 1 The other banks reparted ranging from 6 to 10 per cent, More than 60 per cent of the mas savings money be paid by the Prince A ution’s tals $127,664.25. s of Bowle, $3,354; Citizens’ Bank of Laurel, - $28,315; Cunil:rcnl Bank, $5- 075; Firsi National Bank of Bouthern Maryland, Marlboro, $7,612; Citizens’ g‘:};’ of RAverdh;u. $9,135, and the ern Maryland Pleasant, $15,235, ¢ 00+ Seat ANTHRACITE INDUSTRY OFFERING MORE WORK PHILADELPHIA, November 24 o— The Philadelphia Federal Reserve (g:nk employment . report, issued yeste: | stated that employment in the anthra- 15:;“‘::;1‘;:1: t:c:;ued 14 pel" cent and | fember to October. - The - figures e October employment index for was 62.1 and the pay roll index 56.0 per cent of the 1923-1925 ave . Both in- dexes were about 25 lower than in October, 1931. b Car Loadings Increase. Y0 compared with 19,343 in week and 25,601 a year A safe in by divect mise 3 mf-:amm-mn £y 2 Money on Hand to Loan on First Deed of Trust TRUST DEPT. It Has Been This Bank’s Privilege —to serve generation after gen- eration of the city's upbullders * * * their faith and ours, con- tributing not a little to the de- ::'llopmgnt of the National Capi- fWE'RE THANKFUL for our Cus- tomers’ Opposite U, S. Treasury Surplus and Undivided Profits, over $2,300,000.00 MANAGEMENT i WN you place your ties Managemerit - don’t have to worry abdut apartment house proper- inl the care of our Proper . you .y | thing in connection with them. We the burden of responsibilit- from you, and with our experi- enced management will prob- ably increase the earnings. SAUL €O 925 15th-St. N.W. - NAr1 2100