Evening Star Newspaper, January 13, 1933, Page 15

FINANCIAL. BOND LIST REACTS ON PROFIT TAKING Market Reflects an Over-| bought Condition—German i Group Declines. BY CHARLES F. SPEARE. Bpecial Dispatch to The Star. NEW YORK, January 13.—The first reaction the bond market has had this year developed today out of an over- bought position in some of the foreign )\ e Germans, and as a ment lum? c[ trading was heavy on nd while there were no the domestic \\w ‘majority ssues that have prominent showed a disposition to sag. A cpecial reason existed for the decline of 5 points in United Drug 5 and this was not considered as having | affected sentiment in general. It was not unnatural to find profit-taking go- ing on in low-grade issues that had been bid up sharply by dealers and pools in the past few weeks. The break in boads amount=d to a point, or a small | BOND Received by Private Wire UNITED STATES. (Sales are in $1.000.) High. ' Low. Lxhsusv‘u 10225 101 5 | Lm 1st4%832 10218 33-38 10315 1035 98 4 10225 1016 10218 1039 98 12 99 16 1028 | Us3s51-55 | US31Ks46-49 9930 9916 | US3%sM41-43. 1029 1028 |uss 1026 1026 i 1029 1029 104 16 104 29 106 16 10694 19018 11010 31012 Sales. High, Low, 2:55. 15 15 15 | US sames | Abitibi P&P 58°53. Alleghany 5 Alleghany s' 9, Allegnany s " Am 8m&Ref 5s 47, Am T&T 4155°39. . Am T&T c tr 55486, Am T&T deb 5860, 25 Am T&T deb 53°65. 48 Am T&T 514843, Am Wat Wks 5’ Am Wat Wks 6s 'ti 7 Argentine 514s'62.. ‘Argentine 6s A '57. German government | Argentine 6s B'58. Arm & Co 4 percentage of this year's rise, but it | Arm Del 533 '43. . points in the Mortgage s2 the foreign list w: 2 of the 19\:{ -priced | ex (“ndvd to 2 1 premium bonds_were down from ’x to 'y The inference from this was if the farm relief bill is_enacted there will necessarily be further Government fi- nancing and more difficulty in balanc- ing the budget. Sugar Melt Reduced. NEW YORK, January 13 (#).—Sugar melt of 14 American refiners last year totaled 3,725,000 long tons compared with 4,170,000 in 1931. Deliveries ag- gregated 3,640,000 long tons against 3,980,000. UG Washington Stock Exchange SALES. Capital Traction Co.—10 at 10%%. After Call. Capital Traction 55—$500 at 55Y%. UNLISTED DEPT. ‘Washington Gas 5s 1958 (w. i)—S81, 000 at BA‘S $1,000 at 9414, $3,000 at 941, $500 at 94';, $500 at 941, $4,000 nL 941, $1, UUO at 9415, SSDDO at 941, $4,000 at 9474, $3,000 at 94, Bid and Asked Prices. BONDS. PUBLIC UTILITY. B Amer. Tel. & Tel. 4%as '39 6 Am. Tel. & Tel. ctl. tr. 104 Anscostia & Pot. R. R. 5s... 40 Anacostis & Pot. Guar. L B8% ol P. Tel. of Va B5. ... | Gapltal Traction B a | Cit; ub: 55 5 Asked. ‘ 108 100% dl . 105% 1002 10243 . 90ts T2 e ion Gas 8¢ Gas Gs, series A [ Wash, Gas 65 geries Bl Wash, Rwy. & Elec. 4s... . © MISCELLANEOUS. Barber & Ross, Inc.. Chevy Chase Club 5! bia Country Club & Paper Mfg. s 6. , SMECT Cold siorase 5i.. 'OCKS. PUBLIC UTILITY. w c El com. (7). 3 Wash, Rwy. & Elec. pid. (3). 88 The following figures are not bids, but mercly tepresent minimum prices Sxed by the Washington Stock Exchans: Min. price. NATIONAL BANK. il (B .o aiih-- o Columbia (i Commercial District (6) Fed -Amer, Na Liberty Lincoln Metrapolitan Riges Settta o). Washington (8). TRUST COMPANY, Amer, Sec. & Tr. Co. Wash. Lean & Tr. (13)" SAVINGS BANK, Bank of Bethesds (6) Com. & Savings (10) . East Washington (8 Seventh Street ( United states . Wash' Mecnanics (2097 FIRE INSURANCE. American (12). Coreoran (10) Firemen's (5) National Union ( TITLE INSURANCE. Golymbia (61 Real Sel, Medica) Bldg. Corp. (6) Dist. Natl. Sec. & . BromocBels A" () Federal Storage pid. ... Am. ((: Wawd' & Lothrop pid. *Ex dividend, bBooks_close Unlxsted Departmen(. | (These securities not listed under exchange | Anacostia_Ban! Chapin Sacks ¥ Pi Market Averages By the Associated Press. Atchison gn 45 Atehison 4355 8. AtIC L 1st 48’ AUCLcI4s'S AUC AUG Atl Re f b os 1\11'4 101 3:55. ’Ger Cen Bk 63 THE EVENIN ON NEW YO STOCK EXCHAN Direct to The Star Office. Ger Cent Bk 63°38. 21 0J 25 8% 6415 Ger Cen Bk 6s ' Ger Cen Bk 7 Ger Gen El Ger Gov 5%s German Rep 7 GoodHopeS&I Goodrich 6%s Goodyr Rub 5#'57. . Grand Trunk 6s ‘36 Grand Trunk 7s "40 Gt Brit&Ir 5% '37 Grt Nor 4155 D '76. Grt Nor 4338 E'T7. Grt Nor 63 C Grt Nor 543 B '52, Grt Nor gn 78°36.. Greek 6s '68. Hait 63" Hudson Coal 5s 62. Hua & M 111 Bell Tell 5s 11l Cent ct tr 11l Cent cl tr 111 Cent rf 4s 111 Cent 4% '66 111 Cent 645 '36. 111 CCStL& 101 Steel db 436540 Inland St 4343 A'78 Int Rap Trrf 55’66 Int Rap Tr 6s K1 Int Rap Tr Int Cement Int& Gt N 6s B'56. Int & Gt Nor 6s'52, Int& G Naj 68'63., Int Hydro El 6s'44. Int Mer Mar 6s '41. Int Pap ref 5s A'47. Int Pap 6 70 70% 761 76% 76 76% Austrian 7s '43. 9415 94% Austrian 7s " 2 60 60 B&O‘l<!4s'1l Orf6sC'95... B&OP&WV 45’41 B & O Sw dv §s'50. Ban & Aroos 4s'51.. Batav Pet 415542, Belgium 6s " Belgium 6 Belgium 7s Belgium 7s 56 Bell Tel Pa 5s B'48. Bell Tel Pa 55 C'60. Berlin Cy El 6s'55. Berlin 61550 Berlin CEl 6%s'51. Berlin CEl 6145'59. ll Beth St pm §5°36.. Bolivia 8547 Bordeaux 6s Bos & Me 5s Brail 614s "2 . Brazil 615 '27-'57, Brazil CR 7s'53. Brazil 33 41 Bremen 7s BKlyn Ed 65 A Bklyn Elev 6348 14 Bklyn Man 6s A '¢§ 99 Bkiyn UnGas5s'4s, b5 Bklyn Un Gas o Bkiyn U Gas § Buenos A R 6s '51 BR& Pitts 4148’5 Bush T Bldg 5s" 60. Bush Ter con 55'55. Calif Packing 55'40 Canada 45 6 Canada 4333 Canada 6s '52. Can Nat Ry 44 s’ Gan Nat Ry (1o Can Nat 43 * Can Nat Ry 4% s Can Nat 55 '69 July 10 Can Nat 55 '69 Oct. Can Nat 5570 Can Nor 4%s " Can Nor db 634846 Can Nor deb 75 '40. Can Pac db 4 o b Can Pac 41546 Can Pac 53 '44 ctfs. an Pac 5854, .... Car Clin & O 55 '38. Car Clin & O 68 '52. Cent 111 E&G 55 *51 Cent Pac 1st 45 *49. Cent Pac 55 °60 Ches Corp 5s 47 C&OgendYs C&O4%sA'93 C&O4%sB'95 C& Oconbs'39 CB&Q1113%s CB&Q 111 45 '49 CB&Qgn4s'5s. CB&Q4%s'TT CB&Q rrss"{l Chi & Est 111 5: Chi Grt Waest 45 Chi Ind&L gn 68’ 66 C M& StP gn 4589, FEn 4587, Chi&NW 4145 2037 11 Chi&NW 43sC'37,, 14 Chi & NW 4§ s"49 134 Chi&NW rf 5s 2037 21 Chi & NW 63336, % 87 Chi RI&P gn 4s'§8. 6314 Chi RI&P rf 45 '34. 28% ChiRI&P4%s'52 ChiRI4%s"6C CTH&SE 1st 5’ Chi Un Sta 4%s'63 4 1004 ChiUn St is'44.., 102 Chi Un Sta 53 B'63. 103% Chi Un Sta 6135'63. 112% C & W Ind cn 48’52, C&WInd5s¥%s's: Childsdeb 5343 Chile 65°60. 100% 102 103% 1121 Chile Cop d» 68 '47. Chils Mtg Bk 6561 Chl Mtg Bk 6%5 57 Clev Ter 5348A72. N;’.::v-l—.«i-nuhw”fl -~ P =P P P S-S Cologne 615 | Colomb 65 61 Oct | Colon O11 6538, Col G&E 5 Col Gas & E 5: Com Inves 58 Con G NY 48" Con Gas N Y 68'51, Con G NY 5% "45., Con Pwr Jap 6%8.. (’oymn)mg 58" ( uba 5158"4 ul»; R R 1st Del P'w&Lt4?, Denmark 4% '62 Denmark 5%s 56 Denmark 6342 Det Edison 5s *56 Det Edison rf 5s'49. Dutoh East16s’63, Erle Con 4s 3¢ Erfecv4s A'53 Erie s B'53. Erie gen 4s Erieref 55 67, Erie ref 53'75. Fiat deb 7s '46. Finland 6%s Finland 6158 Finland 78 '50. Fisk Rub 8§s 41 Fram Ind 7% French Gov 7849, French Gv 7%s 4l 20 Gelsenk’hen 0;. .“6 10 8 Gen Baking 5 Gen Motors 6837, l 103% 1023 10234 GenStCasbie'dd. & 654 65 65 Mh.l‘*‘ e 51 : Italy Pub 7s 52 Japanese 5145 '65. . Japinese 6148 5. Kan C F S&M 4s'36 Kan C P&L 4%s'61 Kan City Sou 3 . 2 Kan City Sou 5s" 50. Kan City Ter 45'60. Kan G&E 415 '80., adt 65 '43. 2 Kr ge Found 6536 Kreug & Toll5s'59. Lack Stl 53 A '50 Laclede Gas 5534, Laclede 6348 C'53., Lake Shore 31497, Lautaro Nit 6s ‘4., Lig & Myers 7s '44. Loew's 6541 Long 1sl rf 4 Lorillard 5s ' Lorillard 7s '44 La & Ark 55 '69 Lon G & El 65 L& N uni 45’40, L &Nreh%s 2003, Lyons 63'34.. McKes& R5% Manhat Ry en Milan 634s ‘52, MSP&SSM cn 45 '" MSP&SSM 5s gt'3s MSP&SSM 53878 MK &T 1st 4590, MK&TG5sA'S2 MK & T adj 58 '67. Mo Pac gn 4575 Mo Pac rf 53 A '65. Mo Pac 55 F '77. Mo Pac 55 G '78. Mo Pac §s H '80. Mo Pac 5s 1'8} Mo Pac 5% 3 A 4 Mont Pow 55 '43. Mont Pwr 5s A '62. Mont T 1strf 68’41 & Mor&Co 1st 43%5'39 12 Nassau Elec 4s'51. 15 Nat Dairy 5%s'48. 59 Nat Steel 65 '56.... 21 NEng T 1st 5s 311 N J Power 463 '60..150 Nw 8 Wales 5357, Nw S Wales 5358 NYC3%s'97, NYCentdb4s'sd.. 1 NYCrf4%s2013. 11 NYCrf4%s2013n 61 NYCrf5s2013... 82 N Y Centdb6s'35.. 2 NYC&StL 4%3'78. 15 NYC&StL5%5A'T4. 10 N Y Edison 5s B'4¢. 2 N Y Edison 5sC'51. 7 NYRArf6%s'41.. 8 N Y EL H&P 4549 25 1] 0% | NY EL H&P § NY NH&H s NY NH&H 4s NY NH&H 4% 1 NY O&W gn 4s'55., 14 NYO&Wrf4s'92,. 3 NY Rys 6s A'65. Nia Sh Md 5%s Norf&Wn div 4s'44 36 Nor & Wnen 4s°96. 4 North Am Co 5561 22 Nor Am Ed Gs A’57. 10 Nor AmEd §s C'69. 2 NorAmE5%s'63. 12 N Ger Lloyd 63°47. 24 NorOT&L6s'47.. 5 Nor Pac gn 3s 2047. 10 Nor Pae 45 97 6 Nor Pac bs D 2047., Nor St Pw 5s A *41. rway 6s ‘43, Norway 6s°44. Oreg-Wash 48°61... Orfent Dev 58’58 Orient Dev 6s '53 Pac G&E 55’42 Pac T&T 1st 58'37. Pan Am Pet 654t Paramount 65 ‘47 Param-Pub 5% 8’50 :9 Pathe Exch 7s'37.. 1 Penn sta 4s '48 Penn 4%sD'81. Penn cn 4%s 60 Penn gn 48’65 Penn 4345 D'70. Penn 4%s'63... Penn 55 64 Penn gen 55’68, Penn 6%s ‘36 Penn P&L 4% Pere M 1st 53’56 Peru 6560 1 Phila Co bs Phila Blec 43 " Phila & Read 6 Philippine R 43’37, Phiilip Pet 538°39 19 Pillsb F M 65 '43 P& WV 43%sC60. Poland 7s '47 Poland 35 '50 PortGnEl 4% Pol’l’e)&c 5 Prague Press ltl CAY 55’33 Prussia 83 '5: 29 Prussia 6 Public Serv 4871 Pub Sv G 43867, Pub Sv G 41457 Pure O11 5% Pure O11 5% s '40 Queensland 6s Queensland 7s Read 4%4s A’ Read Jer Cn Rio de Jan 63§ RioDeJan ext 8346 R Gr Do Sul 6s'68. Rio Gr W clt 4849, RIAT& L $4a34. Rome 615 '5: Royal Dt da Rumania 75 '59. SL IM R&G 45'32.. 40 StL&SF 4sA’50... 4 StL&SF e, 26 StL SF 43 5'78ct s SLLASY am 0o 112 StPEKCSL 4%941, 2 35% StPUnDep 5512 5 101 Sajes. High. WASHINGTON, New York Cotton Special Dispatch to The Star. NEW YORK, January 13.—Under the stimulus of a fair demand in Liverpool. cotton prices here opened up 5 to 8 points today. rlcu were: Ml.rch 6.26, up 8; May, up uly, 649, up 6; | October, 665, " 5; December, 8.1, BONDS ON THE CURB Sales in thousands DOMESTIC BONDS. N 4 Alabama Pw 418 07 ll un;‘o‘ luminum_Co > r G mx D.- C. Dividend Rate. Add 00. High. Stock ana Sale— Alabama Pw pf (7)100s 65 Aluminum of Amer650s 50 Aluminum Ltd.... ‘Alumn Ltd cum pf. Am Beverage. .. ! Am Cit P&L A (a3) AmCitiesP& L B Am Cyanamid B. .. Am El Sc pt pf 40c. Am & For Pw war.. Am Gas & El ($1).. Am Gas & E pt (6). Am Investment, Am Invest Inc war. Am Lt & Trac (2) Am Superpower Arkansas Nt Gs A. Ass0 Gas ; Asso Gas & Atlas Utflitle Atlas Utll war Axton Fish A 1 | Blue Riage. . Low. Close. + | Burma rets(k4 2 40" 40 100% 100% 100% : 1 10074 10014 9% | Europ Elec deb rts d El u'zs A 190 N 101 4% A 91a PaL 51as A ‘40 663 3 4v§( Qn D 61% 1Tex City 2 Tex Elec b: ssia El 65 ' 2Rio de Jan 612 Rubr Hous 5 Russian Bian '3 § Rus 6ias cif NC A 3V 3V 100 1005 10013 8 Saxon P W 8%8'51 Saxon 7545, . Seab A L 68 A '45 Serbs-Cr-S115762.. % | Serbs-Cr-Sl 8s°62 Shell U O11 58 °47 Shell U O 53 "49ww. Shinyetsu s‘«,v.’.z Stlesla Prov T: Solvay Am 55 '42. Sou Pac col 4343 Sou Pac rf 4s'55. Sou Pac 4% Son P 43569 ww. Sou Pac 4%s'81 Sou P&OT 4148A'7 Sou Ry gn 45 A'56... Sou Ry 589 Sou Ry gn & § 6 Sou Ry M&O 4338, SW Bell T 5s A "54. StOIIN J6s'46.... StOfNY 4%s°51. Studebaker §s 43 Swiss5%s'46. Tenn E1P 65 A *47.. Ter As St L 4553 Tex Corp cv 58 °44., Tex&P 1st b8 2000., Tex & Pac 58 B'1T. Tex & P 53 C'79 Tex & Pac 58 D '80. Third Av rf 4s’60.. Third Av adj 58'60. Tob P NJ 6%s 2022 *55. Toklo 5%s " Teklo El Lt %3.. Un EIPSL ref 5s'33 Union El L&P 58’67 3 Un Pac rf 48 2008 Un Pac 4%s'67 Unit Drug 68 '53. U S Rubber 58°47., Un St W 6158 A7, | UnSt W 614s A'51 UASt W 6%s C'5 Uruguay 6s '60 | Uruguay 68 '64 Uruguay 8s'46 Util Pow 5% 8 '47.. \':madlum St5s'41. ! \'-nv 1st 58 A '62. Va Ry & Pw s '34.. ‘Wabash 4%s'T ‘Wabash 1st 6s°39.. bash 5s D '80... ‘Walworth 45 ‘Warren Bro CI'I . Warsaw 7s ‘58, West Sh 1st ¢s 2361 West E1db 5s'4d.. West Md 1st 45’52, lR West Pac bs A 46 West Un cl tr 5538 t Unlon 58 '51, West Union s 60. Un 6% Wentohalin tn 55, Wh Sew Mch 65 -40 Wick Sp en Wil & Co 1s: Wis Cent Tm 4 T, Tgstn S&T 53 B'710. 5 ‘ Citles Ser\lr! Ivf | | 4| Ford Motor Ltd. 1 (92 score), 4 | 603.57; 4 | Butler Bros. | Cable & Wire B rets + | Canadian Marconi. | Carib Synaicate ( ‘ent States Elec \((‘H Sta El |P('Md Clev Elec Illu 1.60. Clev EI I1lu pf (6). Colombia Col G & I v Col Oil & Gas vtc Comwith Comwlth & Comstock Creole I | Crocker Wi heeler. Crown Cork Intl A. Cus! Mexicana Min Deere & Co De Forest Radio East G & Fuel Asso E1Bd & Share b6 %, E! Bd & Share pf 6. El Pwr Asso A 40c.. | Europ E1 Ltd A 3 ‘ Frst Nt S 1st pf Fisk Rubber (new) Florida P & L pf(7) 25 | Ford Motor Can A. | Garlock Pack(40c). | General Aviation. . | Glen Alden Coal | Globe Underw ‘(10“’"\(!" Sach: | Gorham vte (1) } Gorham Inc m iraymur Corp Great A&P n-v (n) Gulf Oil of Pa Hudson Bay Min. Humble Oil (2). Imp Oil of Can §0c. InsCoN Am (2)... Insurance § g Interstate Eqev pf Int Petrol (1). . Int Util B. Kirby Petroleum. . Kleinert. ... . Lake Shore M (2).. Lefcourt Realty pf Mass Util Asso. ... Mavis Bottling A. . Mayflower Asso(2) Memphis Nat Gas. . Minn Honey pf (6). Mid Sta Pet vtc B. . Mont Ward (A) at Bellas Hess 208 Nat Service. Nat Union Radio. . Neisner Bros pf... 258 New Eng P§p i 6.. 50s New Eng Pw pt (6) 10s 4% CHICAGO DAIRY MARKET. CHICAGO, January 13 (#).—Butter— Recelpts, 8,818 tubs, unsettle specials (93 score), 20320‘-«. extras 19%; extra firsts (90-91 score) 19%; firsts (88-89 score, 18%a 19; seconds (86-87 score), 18a18%%; standards (90 centralized carlots), 19 Eggs—Receipts, 8,486 cases, weak; extra firsts, 231%; fresh graded firsts, 23; cur- rent receipts, 21a21 Passenger Fares Reduced. NORFOLK, Va., January 13 (P)— Reductions in passenger fares amount- ing to approximately 60 per cent were announced by the Norfolk Southern Railroad between Norfolk and Norta Carolina points and by the Greyhound bus lines between this city and points outside the State to the West and N . ' U. S. TREASURY BALANCE. By the Associated Press. Treasury receipts for January 11 were | $80,038,372.71; expenditures, $90,034,- balance, $443,837,229.64. Cus- toms duties for 11 days of January were $6,860,836.98. ANNUAL REPORT Of the nion Trust Company Of the District of Columbia, to the Comp- troller of the Currency, as required by sec- tion 16, act of Congress approved October 1, 1890, for the year ended December 31, 19 1 stock suthorized. .. ..$2.000,000.00 al stock actually pail 2,000,000.00 earnings for vear ended December 31, 147 B 749,379.39 Total expenses ‘for year ended December 31, 1933 Capi Capi : ORD ORESTON, President. DIRECTORS. | G. E. Hamilton, jr.. Charlés E. Wilson, George E. Flemil D. W. O'Donoghue, (A tors_of ni Co. Soleranly swear that the mbove statement ix {rie to the best of our knowledss and belief. . ORD PRESTON, President. TRVING ZIRPEL. Secretary. * GEORGE_E. HAMILTON, . GHARLES E_WILSON. S B 5 AT, J. H HANNA, GEORGE F. FLEMING N Directors. | District of Columbla. ss | “Sworn 1o and subscri m»a before me this | 11th day of January, 19 {8eal °5. "BUTTON ‘WAINWRIGHT. Notary Pubife Total number of directors of this com- ! any. twenty. PUHlis Tem 1 must be signed by e preii- dent snd & majority of the directors. and gworn fo by, the presideat. secretary and au ' MORTEGAGE - LOANS. In the District of Col®n- bia and Nearby Maryland * anf Virginia EAVER BRO REALTORS Correspongent AT Washington Building District 9486 FRIDAY, JANUARY 13, 1933. N. Y. CURB MARKET Received by Private Wire Direct to The Star Office. Stock and Dividend Rate, New Jersey Zine 2 Newmont Mining. . eam (2.60 NY T-lpnsu)) Niag Hud Pwr 1.» \uu. Hud (A) v Bale— dd 00 High. Lew. 5 301 200 301 16% 163 40 42 116 116 15% 167 B s-Bement North Am 1 t Northern p L(50c), North Sta P A (6) Ohlo Copper., Okla Nat Gas Roan Anteloy Royal Typewriter, St R Salt Creek Prod (1) Security Allied Cp. Selected Industries Selfridge Pro S kée & Shawin W&P (50c Sillca Gel ct. 3 Singer Mfg C 2 Sou .1141;.“\1\ Sou Cal Ed pf C 1% ithland R 34 '~l1ndv)|\}m|ll) Stand Oil Ky 1.20,, hes (60¢) e Ltd(k14c). Sec Litd D. Trans Air Trans, Trans Lux DL P § Tri-Cont Corp wr., United Founders. . United Gas Utd Gas pf (315 Unit TASPwr (0 0 Unit Lt & Pwr pt o whalS Hmcommo o S [VREPeTos SURUIIUN 4 - Werersy Unit Verde Ext 40c, Um\nwllnfllr -y Venezuelan Pete. .. Walker (Hiram).. West Cart pf (6) Woodley Petrol . Wool Ltd k25 1 Wright Harg {20c. Oll & Gas (A). Dividend rates In dollars based on lasi quarterly or semi-annual payment. Clvidend. tPartly extra. 1Plus 4% in stock. & Payable in cash or stock. stock. e Adjustment dividend. in stock, Plus 6% in s(ock us n !W:K in stock, nPIId llst year—no relx:hpalx"“n » 8 ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. N.W. LOANS On Improved District of Co- lumbia Real Estate Security 69th Series of Stock Now Open for Subscription es E. Connelly, James F. presigent Secritary ™ 42 YAEEAIRSS OF 'SERVICE TO \\ ASHINGTON HAS NTL PRESbl-D THE FAITH AND DEPENDABILITY THE PUBLIC PLAC J THIS INSTITU- TION'S STABILITY. Semi-Annual Dividends e PERMANENT ASSOCIATION b Payable in FINA CURB SHARES DROP INDRAGGY NARKET |Leaders Show Slight Reces- sions After Opening Lower. Oils Easier. BY JOHN A. CRONE. Special Dispatch to The Star. NEW YORK, January 13 —Curb Ex- change prices opened lower today and drifted downward during the first few | hours, with offerings light but spread over the entire list. Electric Bond & Share was off % at 2013 around midday. Cities Service ard Oil of Indiana. Brazilian Traction fractionally eased as Toronto dispatches stated that directors had deferred divi- dend action on the common stock due at_this time. Business news was moderately cheer- SAFE EERST for O:uer a Third of a Century Without a Loss to an Investor. from $. . National 2100 THERE BUILDING OFFICE' Fidelity Building, 610 13th St. N.W. BRANCHES: 1735 N. Capitol St. 31st & M, Georgetown 8th & K, S.E, Navy Yard 1427 H St, N.E. 5% num s NCIAL. was virtually unchanged, as was Stand- | *¥32 A—15 ful, most lines retaining the net gaing registered at the year end. Some bet- terment in steel scrap prices, encour- aging reports from the automobile show and the formation of a new pub- lic utility association, designed to offset further legislation against that indus- try, were constructive. Great Atlantic & Pacific Tea common rose several points, despite the fact that sales the past five weeks dropped 12.8 per cent in dollar volume and 3.4 m cent in tonnage. Buckeye Pipe Line opened up 2 poin" after a rise of & point in the preceding session. The company reported 1932 deliveries of 33,272,557 barrels, against 38,499,744 barrels in 1931. The 1933 delivery record of Southwest Pennsyl- vania Pipe Line explained its 3-point rise, for it carried 9,372,781 barrels last year in contrast to 10,428,834 i= the previous year. National Sugar Refining of New Jer- | sey, which has been strong in the face | of Teduced quotations’on refined sugar, is reported to have earned its dividend and added a moderate amount to sur- plus during the last year. New Jersey Zine was steady, but rather inactive. Mayflower Associates was a feature of the trading companies, as it sheared off several points. In the specialties Singer Manufacturing was down a point. MORTGAGES TWO GOOD REASONS investment in our 6% FIRST MORTGAGES First, and most important of all, is that your money first trust on improved Washington real estate which our best judgment has conservatively appraised. has behind it The second, the generous inter- est, coupled with the fact that it will continue unchanged through- out the period of time for which the loan is made. May be purchased in amounts 250 up. B. F.. SAUL CO. 925 15th St. NNW, IS NO SUBSTITUTE FOR SAFETY THE FIDELITY & LOAN ASSOCIATION ‘Under the supervislon of the U. S, Treasury Dept. Announces the OPENING of a MT. PLEASANT BRANCH OFFICE Saturday, Jan. 14—at 3008 14th St., N.W. for the convenience of our many customers in this Section of the City. We Extend a Cordial Invita- tion to You to Visit and In- | spect this NEW BRANCH. y MANY PREFER a Columbia National Savings Account this —because d Capital + $250,000.00 Surplus $500,000.00 aff. cons crl(lon ban| centrally i t because they have confidence in the manay nm.nt of this bank’s pem!: worth YOUR in opel to keep your R alimbien nit FRANK J. STRYKER, Pregident for all require $3.50 a Year Up CONVENIENT HOURS Daily, 30 to 3—Saturdays till 12 0’'Cloek Open to 5 p.m. on 1st and 2nd, 15th, 16tk and last day of the month,