Evening Star Newspaper, January 5, 1933, Page 13

* BONDHOLDERS TAKE| PROTECTVE STEPS Second Receivership Plea Is i Filed Against Baltimore Trolley System. Bpecial Dispatch to The Star. BALTIMORE, January _5—Former Mayor James H. Preston has filed in Federal Court a demurrer to the appli- cation by the General Electric Co. that & receiver be aj Railways & Electric Co., which is cap- dta)ized at $75,000,000. Mr. Preston, as the owner of 30| United Railways income bonds, has also filed in Circuit Court No. 2 a petition for the n})pomlmem by that court of a ryeceiver for the traction company In the demwrrer submitted to the Federal Court it was averred that this' tribuual lacks jurisdiction in the United Raflways case, as the property of that campany is already in custody of Cir- cuft Court No. 2, by reason of default in a deed of trust dated March 30, 1899. This was at the time the United Rail- ways was formed by the merger of various independent lines. A bondholders’ war loomed as holders of different classes of securities moved to protect their respective interests. A number of the bonds of the company are reported to be held by Washing- Alleging that the United Railways owes is $44,490.30 for gasoline an kerosene, the American Oil Co. also filed in Federal Court a petition asking to be allowed to intervene as a plaintiff in the recelvership proceedings involv- | ing the traction compa Acting Mayor Muller issued a state- [Idaho bakers, 165a185: “appropriate | bushel, 2.75; ment announcing that steps” would be taken promptly to safe- guard the city the city’s claim at about $1,000,000. Harold E. West, chairman of the Public Service Commission, stated that t‘:e approval of the commission would | Issued as A result of the United reor- ngl:l“;ul“ll of the 5. perat e 52 car lines o) ed B the United Railwavs essmed enough during the 12 months of 1931 to pay operating expenses, depreciation and taxes and still show a profit, it was re- ported by suditors for the traction eompany. SHOBT TERM SECURITIES. (Reported by Chas. D. Barney & Co.) Allis-Chalmers G, American Chajs Amer_ Tel. & T fi . Wat. Wks. altimore & Ohio 1 s 19; 0s. 1 Hu Ben 4 o S04 iaaa jen. Mot. Acc. Corp. 6s 1837 n. Petroleum Gorp. 53 1940 Gen. Public Service 5%s 1939 Grand Trunk Canada | m 1986 Great Northern Ry. Kesstone Telephone bs 1635: Laclede G . W Telephone 41Zs 103 Pnnnn R i Ly 0 R&G. 35 1085 Southern Pacioe 55 1034. .. Union EL Lt & Union Oil Co. Virginia Ry. & Wabash Rwy. Co. pors O e 4 it 131 134 1 89 BB, A 101% 1015 101% inted for the United | | I { | | sacks, New York, 1.00a1.10; Maine, 1.25; interest as a creditor | 2. of the United. Collector Young places | berg, 2.00a2:50; Florida, 1.00a1.50; beets, necessary for any new securities |1 . SOME WOMEN | ALWAYS ATTRACT| You want to be beautiful. You want y ,sub-mnle for calomel, a compound of 2 | bowels it hens, I | small, | 14a15; Leghorns, ashington Produce WHOLESALE PRICES. Butter—One-pound prints (83 score), 28; tub, 27; one-pound prints (92 score), 27; tub, 26; one-pound prints (90 score), 26; tub, 25. fizwflumcfy ‘whites, 30a32; current receipts, 28; Government graded extras, 35; standards, 33; medium, 31; medium white, 25a28; pullets, 22a25. Poultry, alive—Turkeys, young hens, 16; young toms, 14; old toms, 8; old hens, 10; _chickens, Plymouth Rock broilers, 16a18; Plymouth Rocks, 4 pounds and over, 15a16; under, 12a13; mixed colored chickens, 12214; Leg- horn, 10; colored hens, 13a15; I‘Ihorn hens, 6a7; hens, 4 pounds and over, 12al4; capons, large, 19&21 small, 15a 16; roasting chickens. 15a16; Kkeats, old, 20a25; young, 25a35; roosters, 7a8. Poultr, dressed — Turkeys, young ; young toms, 16al8; old toms, xo old - hens, 12al4; chickens, Plymouth Rocks, 4 pounds and over, 17a19; undeg 34al15; Plymouth Rock broilefs, 1 capons, large, 21823; 17a19; mixed colered chickens, 14; roosters, 10a12; | hens, 4 pounds and over, 15a17; keats, young, 38a40; old 25a30. Meats—Beef, 11; veal, 11; lamb, 15; pork loins, 10; fresh hams, 91>; smoked hams, 11 strip bacon, 13; lard, om- pound, 7. Live stock—Hogs, light and medium, 3.00a3.25; heavy, 2.50a3.00; pigs, 2.50a 1 5a2.25; lambs, 3.00a6.0 50a1.50; box Florida, 2.75a3.50; 5.50a6.50; tangerines, 1.00a2.50; graj fruit, 2.50a3.50; grapes, 1,2511,83; gator pears, 2.00a2.75; casabas, Christmas melons, 2.50; persimmons, 100; cranberries, 2.00a2.5; pineapples, 4.00; kumquats, quart, 20. Vegetables — Potatoes, 100 - pound lorida, new, sweets, 50a75; tomatoes, repacks, three-pan containers 2.00a ; 30-pound lugs, 3.00; lettuce, Ice- California, crate, 3.00; carrots, crate, 3.00; celery, 2.00a2.50; bunches, 50a60; spinach, Texas, 1.10a1.25; home-grown, 1.00; broccoli, 2.50a2.75; string b‘;fi, DROP IN DOLLAR LAID TO PARIS SHORT SALES By the Associated Press, PARIS, January 5-—The dollar dropped 6 centimes to 25.56 francs on the exchange this morning, bankers at- tributing the fall to the reported state- ment of Senator Borah on the gold standard. The bankers sald speculators were selling the dollar short. The dollar yesterday left the gold point, 26.625, at which it had been hovering for more than a fortnight, clusmg at 25.62 francs. Auquitania sailed yesterday with 46, 700 000 worth of gold from France for delivery in the United States. It was reported that $10,000,000 worth of gold was scheduled to leave on the Europa, sail Saturday, but the shipment|H un%ly v\uuld be cmceled FOREIGN EXCHAN GE. (Quotations furnished by Hibbs & 0.y Nominal Selling checks Saly London,, pound. .., $4.8685 Paris, ffanc 291%c ussels, belga. norun ‘mar] e, arsaw. o Copenhagen, crown. Oslo, crown Stockholm, crown. oo a SRR 1105 U. 8. TREASURY CERTIFICATES (Reported by Chas. D. Barney & Co.) Bate-_Maturity Bid. 1. 1933 10019-32 Offer 3%3 Feb. 100 21-32 Mar. 232 3 102 30-32 133" 100 14-33 6. . 101 17-32 INVESTMENT TRUSTS NEW YORK, January 5 (#).—Over- the-counter market: Quotations as of 12 o'clock. Big ” 535555 nsssas 2338888522832 Asied Amer Bank Stock. Bullogk Fund Cumulative Trust’ S Corporate Trust Corporate Trust AA. Corporate Trust Accum Ber. um & Foster Sim & Foser 5% bt Grum & Foster Ins. . Crum & Foster Ins 7¢; pf... epos Bank Shares N ¥, epos Bank Bhares N ¥ A" Depos Ius Shares “A” s Super of Amer Trust D' Frust mx.a Shares. . rus KEEP WARM Economically COAL RANGES Cooking, Baking & Heating COAL HEATERS All Kinds, All Sizes OIL HEATING Gravity Circulation Roaofing, Furnace Installations | Repairs and Cleaning We carry the only complete line of all kinds of Stoves, Rang: and Heaters in Washington. W.S. Jenks and Son 723 7th N.W. Nat. 2092 Washington’s Oldest Stove and Hardware Store the tireless emergy, fresh complexion and pep of youth. Then let Dr. Ed- wards Olive Tablets help free your sys- tem of the poisons caused by elogged bowels and torpid liver. For 20 years, men and women suffer- ,|ing from stomach troubles, pimples, listlessness and headaches have taken Dr. Edwards Olive Tablets, a successful | vegetable ingredients, known by their | olive color. They act easily upon the without griping. They help Con M § Hanover. O1t+ SRuh G C 6log A THE EVENING STAR, WASHINGTON, wdnce] SIZED ON CHARGE OF COUNTERFEITING Heart Specialist Accused With German Air Ace in Big Ring. By the Assoclated Press. NEW YORK, January 5—Dr. V. Gregory Burtan, youthful specialist in heart diseases, was held by secret serv- ice agents today on a charge of counter- | feiting. The arrest, made late yester- day, was said to be in connection with an international ring, of which “Count” Enrique Dechow von Buelow, former German aviator, is alleged to be a leader. Dr. Burtan's arrest followed news | from Chicago that agents of the ring | had passed more than $25,000 bogus | money in Loop banks. He was seized as he entered his office, whisked secretly to the custom house for questioning and then locked up. “Count” Under Arrest. The “count” was arrested Tuesday as he alighted in Newark from a Montreal | lane, and Federal authorities said Dr. an also had been in Montreal, re- » turninx vesterday by train. A search of his ciothes revealed $2,300 in bills, but they were genuine. Although secret service officials de- clined to give out much information, the’ New York Times said Dr. Burtan was being questioned in an effort to establish him as a man who accom- panied Von Buelow to Chicago when $100,000 of the bogus bills were car- ried there. This_man, authorities said, fooled eight Chicago hoodlums in a deal to circulate the bills in Chicago. Threatened by Hoodlums. ‘They had accepted the money, the Times was told, on the representation that n was good cash owned by New York tleggers, who were afraid to pass 1?. on in fear of income tax investi- gatlon. Von Buelow was to pay 30 per cent for the exchange of the old- nylc $100 bills for new notes, it is charged. When the Chicago men learned they had been duped they chroahned to take some one “for a Tha counterfeit money was part of an fssue of $500,000 printed in Berlin in 1929. Since then, authorities said, it has been circulated in Mexica, Can- ada, Guatemala and other countries. BALTIMORE CUSTOMS | DUTIES SHOW DECLINE Special Dispatch to The Star. BALTIMORE, -January 5.—Customs duties collected at this port fell off more than $1,000,000 during the past year, but the cost of collecting each dollar rose only very slightly, it is shown by figures compiled for Charles ._Holtzman, collector of customs. Receipts for this year totaled $10.- 892,994.16, compared to $12,137,583.20 for 1931, or a decrease of $1,344,589.04. | The cost of collection was $.0502 for each dollar compared to $.0497 in 1931. Expenses of the office decreased $57,- 188.44. Total imports for the year were val- ved ot $46.620,667. and eighty-eight vessels engaged M0 foreign trade came into the | port during the year, or 298 fewer than : | curing the preceding 12 months. There w:re 367 lareign vessels dsrect {xom vfinl u1 lonlgn mh and 261 dflu vh unutwlu rts. one Rundred and sixteen Iur forelln ports, direct Ono'.h nrm All Richly Furred 14 {We-ve managed to col- lect the most beautiful coazs of the season—300 of them—and plan a sale at a “pin money” price. If you've been holding off for economy sake—choose one of these coats and you'll be practicing “double econ- omy,” because here are some of the finest coats drastically reduced. The Furs— All newest fur trims are included—Fitch, squirrel, wolf, raccoon, silvered fox, skunk, krimmer and others. The Styles— Cape collar, leg o'mutton, wrap-around, swirl cuff and others. The Colors— Black, kaffir brown, bronze green, beige, wine and others. Sizes for All— Misses' 14 to 20—women's 38 to 50. better hurry. eleanse the system and tone up the liver. If you value youth and its many gifts, take Dr. Edwards Olive Tablets nightly. How much better you will ook, 15¢c, 30c, 60c. The Best News of the Day SALE of 24% to 127 INTER COATS Be Sure and Attend This Sale Every coat is a quality garment, with finest workmanship and beautiful fur trims. Everything you've wished for in a coat can be found in this sale—at a price unusually low. Only 300 at this price— Roberts ARGUMENT 1§ SET INNEW RIVER CASE Appalachian Power Motion Comes Up in Alexandria lanuary 23. Arguments on the motion of the Government to dismiss the bill of the Appalachian Electric Power Co. in the celebrated New River case will be heard before Judge Luther B. Way in the Federal District Court at Alexandria January 23-24, it was announced today by the Federal Power Commission, wiich has engaged in_ litigation with the plaintiff for more than six years. The Appalachian Electric is dis- puting the constitutionality of the water power act of 1920, under which the commission has required it to ob- tain a major license for an $11,000,000 hydro electric development on New River in Paluski County, Va. Judge Way heard argus its on the case in Norfolk in July ¥ wen the electric com- pany pleaded t the commission was exceeding its rights in demanding a major license. The major license would give the com- mission entire jurisdiction over the profect, including the financial seé-up, while the Appalachian Electric is seek- ing to limit the commission’s jurisdiction to protection of the navigability of the New River and the Kanawha, to which it is tributary. The Appalachian Electric counsel is headed by Newton D. Baker, fofmer Secretary of War. The Power Comanis- sion, in addition to its own legal Staff, is represented by Husmn Thompson |BROKER TO PAY AY TRANSFER TAXES ON ODD LOTS By the Associated Press. NEW YOKK, January 5—Competi- tion existing among brokers for Rew business was reflected anew when the Stock Exchange firm of Henry Zucker- man & Co. announced that it would handle odd-lot business in a lmited number of stocks. Odd lots represent orders for shares in less than the usually traded units of 100 shares each. In addition to entering the odd-lot business, which is placed by brokers through three large odd-lot houses, the firm announced that it was prepared to handle this business without charg- ing the customer the Government and State transfer taxes. The odd-lot com- mission would absorb the tax charges. This would restore the charge on odd- lot dealings to its status prior to last July, when the Federal transfer tax rates were increased. At that time odd- lot dealers announced that customers would be obliged to absorb the tax, in addition to paying the regular odd-lot brokerage commission. R World Cotton Consumption. NEW YORK, January 5 () —World cotton consumption in November, while slightly under the October level, con- tinued above the corresponding months of 1931 and 1930, the New York Cotton Exchange Service reported today. No- vember consumption amounted to 027,000 bales, it stated, against 2,065,000, revised, in October 1,981,000 in Novem- ber, 1931, and 1,910,000 in November, 1930. In the first four months of the present season, world consumption of all cotton approximated 7,836,000 bales, against 7,775,000 in the same period of last year and 7,173,000 the preceding year. The increase was attributed to a better demand for American cotton. Cloudburst Discloses Camp. A cloudburst in Muelheim, Germany, revealed the site of a Roman camp of Julius Caesar’s time. WOMEN’S MISSES’ 712 74 ST..NW. C., SAVE! Today, as never before, your dollar must do dou- ble duty. Co-operative buying en- ables us to offer you the highest grade of merchan- dise at very low prices. THURSDAY, JANUARY 5 1933. 1 uNII[b FOOD STORES Note these money-sav- ing specials for this week end. United Food Stores, Inc. IOWA STBA TTE R . 33¢ UNITED BRAND........ 1w 29¢ MAXWELL-HOUSE. COFFEE Specitlll 29c Ib. BAKER’S COCOA <= 10c RITTER’S =+ BEANS. 6 ~ 25¢ UNITED PANCAKE FLOUR .2 »= 15¢ G TOMATOES ST. BEANS LIMA BEANS w2 Dm2 MACARONI SPAGHETTI KRUMM’S gt OQUAKER OATS REGULAR BOSCO ™ 8exiar23c CHATKA CRAB MEAT %' 29¢ TOMATOELSLO;%?."’ 4 s 25¢ LIPTON’S 3 rkes. 19¢ QUICK or 6¢c 227, MUFFLITE vke. 19¢ Virginia-Sweet Pancake Flour 25kes. 15¢ LOG CABIN SYRUP med. can 23c Stringless Beans Carrots . . . . 2 bunches 15¢ Beets . . . . . 2 bunches 15¢ Ground Beef New Cabbage . 4 1bs. 19¢ Yellow Onions . 3ms 10c Spinach 215 19¢ Sweet Potatoes . . . 4w 15¢ Celery . . . . .. bunl10c Lettuce, Iceberg . . 10¢ FreshPeas . . . 25¢ Florida Oranges . . 25¢ Grapefruit . . . . . «5¢c Eating Apples R £, Tokay Grapes . . . 2m=23c 5 Ibs. 19c Cooking Apples . . Veal Cutlet . Fresh Hams Pork Roast . , head 2 Ibs. doz. Original All-Pork Phillips UNICO MAYONNAISE =~ ] Oc ™ 19c¢} Shoulder Clod Roast . Lego’Lamb . . . Rib or Loin Lamb Chops Fountain Brand Hams . Sausage Auth’s Pure Lard Special Combination 15 Auth’s Smoked Sausage 2 cans Lang’s Sauerkraut THOMPSON’S MlLK 100% WASHINGTON PRODUCT l3c W AN A GOLD MEDAL FLOUR Kitchen Tested 5 1h.bas 1Q¢ 1214 37¢ \ZVHEATlES pkgs. 5c WA, 7% COFFEE WILKINS . . 31c ORIENTA. .n. 35¢ CHASE & SANBORN n. 35¢ ASTOR. .. .n 29¢ Coffee, Made Delicious with BORDEN’S 'Eagle Brand Condensed Milk Special 19¢ can Fancy RibRoast . . . Chuck Roast . . . . 14¢ 15¢ 19¢ 17¢ 29¢ g 35¢ 13c 13¢ 20c b. 25¢ 2 s 15¢ . . . . Ib. *37c UNEEDA BAKERS KRAFT MAYONNAISE 8-0z. jar 180 pt. jar 330 BREWER SNIDERS opiny. 10c Junior Layer Cake— SOAP SALE STAR ¢ 6% 25¢ IVORY, 6 ci< 29¢ LUX 55 3+ 19¢ Lifebuoy. 3% 17¢ 2IN1 SHOE POLISH | ALL SHADES ZenZle WRIGHT’S SILVER POLISH Rich and Tasty...... SNOWFLAKE WAFERS rke.- 1 8¢ GUNDERSHEIMER’S e 4G ASTOR Pure Spices, 2 for 15¢ DRANO . . . 19 SANIFLUSH. 19c BABO..2 = 25¢ 5.0.5., 2= ke 25¢ N