Evening Star Newspaper, January 23, 1933, Page 14

LAY sxx FINANCIAL INSURANCE SALES DROPIN DISTRIT Besiness for Year Is on | ‘Higher Percentage Than Rest of Country. BY EDWARD C. STONE. Sales of ordinary life insurance in Washington in December were reported today as 25 per cent below the record for December, 1931, but far ahead of the average mark set for the whole United States, which showed a drop of 33 per cent. According to the monthly report re- ceived today from Hartford, Conn., Maryland came next to Washington in| this " territory, with a slump of 27 per| cent below the sales in December of | the previous vear. Virginia was down 36 per cent and West Virginia 42 per cent from 1931. The other two States in the fifth Federal Reserve district also make an unsatisfactory showing. North Carolina being off 40 per cent from a year ago and business in South Carolina 48 per cent, this State being at the bottom of the entire list. Among other Southern | States, Alabama reported a 29 per cent drop, Georgia 31 and Florida 37 per cent. Nevada stood at the top of the Jist with a slump of only 7 per cent. | While the percentages are lower, vet the total amount of insurance written in the National Capital and nearby States is substantial. District of Co- lumbia agents wrote $4,997,000 in life insurance in December: Maryland, $7,- 607,000: Virginia, $5,336,000; West Vir- ginia, $3.709.000: North Carolina, $6.- 474,000, and South Carolina. 041,000. Today’s report also shows that life insurance sales for the full year 1932 were 20 per cent below the volume paid for in 1931, the decrease touching every section of the country. However, the American people purchased about | $25,000,000 new life insurance during| every working day of 1932. Comparison with 10 years ago shows a gain of 16 per cent in 1932 over 19: Credit Men Urge Sales Tax. | “Budget balancing by means of a sales | tax instead of. other indirect taxes is overwhelmingly favored by the Eco- nomic Credit Council of the National | \Association of Credit Men, it is revealed In a survey just completed. The mem- bers of the council, numbering over a hundred, are treasurers and credit| executives of wholesaling and manu- facturing firms and bankers throughout | the country. | Fighty-one per cent are in favor of & manufacturers’ sales tax, but of those | favoring this form of taxation only 33| per cent. however, support the idea of | a tax on certain lines only, the re- mainder asking for a general, inclusive sales tax program Looking ahead the council is greatly | divided as to business prospects during | 1933 because of the taxation problem, war debts. credit stringency and poor sales conditions which exist today. Forty-one per cent of the council mem- | bers expect about the same business conditions this year, while 37 per cent dook for better business. A turn for the ‘better after the Summer season is | prophesied by 19 per cent. | Concerning war debts, refunding of the- principal sums is favored by 39| per cent. Close behind are the can-| celtationists, who total 32 per cent, and | favor cancellation with concessions as; o armaments and trade pacts, but only | 4 per cent advocate outright cancella- | tion and 17 per cent the retention of | present principals. | A study of branch banking is now be- | ing undertaken by the council. It is; hoped to have it ccmpleted early in Pebruary so that the National Asso- ciation will thus be able to take a rep- Tesentative stand on this current sub- | Ject of congressional controversy. { Quinter on Ethics Committee. —William S. Quinter, president of the | District Building and Loan Association, | 1 Thomas Circle, received notification | today of his appointment as a member of the Code of Ethics Committee of the | United States Building and Loan | Teague. Appointment came from Ward B. Whitlock, president of the league, and Mr. Quinter accepted. The appointment places the local man in a group of five key men in the building and loan business who have | been designated by the national organ- | ization to submit a code of ethics for | '1933 association procedure. | Most. of the regular measuring sticks | of business have recorded favorable trends since the turn of the year, points out the United Business Service of Boston, in its weekly review received Tere today. Industrial activity is now being increased seasonally and will con- tinue irregularly upward over the com- | ing months. Current indications point | to a Spring rise of normal proportions | or better, which will lift business closer to the levels of a year ago. Reserve Bank Report Praised. | TLocal bankers are congratulating Gov. | Beay and the other officials of the Fed- | ‘eral Reserve Bank of Richmond on the | fine showing made during the year 1932. | ‘As noted, the Federal Reserve Bank of | Richmond reported net earnings of | $548,298 in 1932, in comparison with| a deficit of $156.645 in the previous year. This turnabout in net of $704.- | 934 during the past year is considered | worthy of special menticn, in the light | of prevailing business conditions in all | the Federal reserve districts during the past 12 months. | The report further shows that after the payment of $314,489 in dividends | /and making charges for depreciation ixfimd miscellaneous items of $126,654, the palance of the net earnings were cred- | Med . to reserve, leaving mnothing to be| weredited to surplus or paid to the Gov- rgent as franchise tax. The bank the close of the year had 393 mem- rspas compared with 403 a year ago. | 2 Today's Trading on Exchange. %" Trading on the Washington Stock Exchange tod.y opened with three $1#00 sales in Washington Gas Light 6s, sefes A, all made at 100'>. Gas B s also appeared on the board, $500 selling at 1031. H = rest again centered in Washing- n-Gas Light 5s, 1958, the new issue dng in six sales and a $9.500 turn- Wer=at 941,, the price at which the issue was brought out. __Thirty-one shares of Potomac Electric Power 5% per cent preferred stock sold at 107 and five shares of the corpora- tion's -6 per cent preferred changed hands at 111. Members of the local exchange e pressed regret today on the death in| New York of Edwin Gruhl, president of | the North American Co. He wes well | known in Washington, as he had often | been here with Frank L. Dame, chair- | man of the board of the North Amer- | * ican Co. - | North American stock, listed on the | New York Exchange, was not affected by the official’s death, as it showed only the usual daily fluctuaticns. ' NEW YORK EGG MARKET. NEW YORK, January 23 ().—Eggs— Receipts, 15,701 crates; unsetiled; mixed colors, special packs or selections from fresh receipts, 17a1714; standards and commercial standards, 16:a163;; re- handled receipts, 15'2a16; mediums, 39 pounds, 15a15; dirties, No. 1, 42 pounds, 15a15}4; aarage checks, 131:; Tefrigerator, as to quality, 14al5. POTATO MARKET. CHICAGO, January 23 (P (United States Department of Agriculture).— Potatoes—Receipts, 122 cars; on track, 285; total United States shipments Sat- urday, 685 cars; Sunday, 48; dull, trad- ing very slow, supplies liberal, truck re- ceipts liberal; Wisconsin round whites, 70a75; unclassified, 65a67'>; Michigan | russet rurals, 70a72':; Idaho russets, medium to large, 1.13al.20; small to medium, 1.10a1.12%3. [} | 61% 54 w. _ Lividend Rate. 13, Adams Express. 9% Afiliated Prod 1.60.., 6415 58% Alr Reduction (3)... 13% 11's Alaska Juneau(60c). 1% 1 Alleghany Corp..... 314 215 Alleg Corp pf $30ww 89% 801 Aliled Chem & D (6). 81 6% Allegheny Steel..... 121'% 1187 Allied Chem pf (T).. 9 6% Allis-Chalmers Mfg. % Ama! Leather. 20 Amerada Corp - 91, Am Ag Chem (Del).. 1074 Am Eank Note. . 2% Am Beet Sugar pf... ‘Am Brake Sh&F (60c. Am Brake Sh pf (7). AmCan (4).cuueennn Am Car & Foundry.. Am Car&Foundry pf. Am Chicle (13). 3 Am Comc'l Alcohol. . Am & Foreign Pwr. . Am & For Pwr pt(7). Am Home Prod 4.20.. AmIceCo.... Am International. Am Mach&Fdy (80c). 1 22 105 Am Power & Light. . Am P&Ltpf A (2 Am Pwr & Lt pf (3) 3 Am Radiator Am Rolling Mills. Am Safety Razor ( Am Ship & Com. Am Seating. .. . Am Shipbuilding (2) Am Sm & Ref. - Am Sm & Ref »f. Am Steel Foundry Am Stores (121 Am Sugar (2). Am Sumatra Tob. Am Tel & Tel (9). Am Tobacco (16) Am Tobacco B (16 Am Water Works(1). Am Wat Wks ctfs(1) Am Wat W 1st pf(6) Am Woolen. Am Woolen pf. Am Zinc & Lead. Anaconda Copper. Andes Conper. . Armour of 11 (A) Armour of 111 (B! Assc Dry Good Atchison..... Atlantic Coast Lini 15% Atlantic Refining(1). 45 - Auburn Auto (d4) 6'; Avation Corp (Del 4'; Baldwin Locomot... 39 17 ™ 6l Baldwin Locomot pf. 363: Baltimore & Ohio. . .. Baltimore & Ohio . Bang & Aroos pf (7). 2 Barnsdall Corp. Bavuk Cigars. . Bayuk Ciz 1st pf (7). Beatrice Creamery. . Beatrice Crm pf (7). Belding-Hemingway. Bendix Aviation Best & Co..... Bethlehem Steel Bethlehem Steel pf. . Blaw KNoX..... ..o Boan Alumn & Brass Borden Co (2). Borg Warner. 123, 23 8% 4l 25'y 1% 3 1% Bullard Co. . Burns Bros pf. Burroughs AM(40c). 3'; Bush Terminal...... Tis Bush Term’l deb stk. 128 Bvers (A M) California Packing. . Calumet & Hecla. Canada Dry G A(1) Canadian Pacific. Capital Admin (A).. Case (J1) Co....... Case (JT) Co pf (7). Caterpillar Trac 50c. Celanese Corp. . Cent Azuirre (1%).. Cerro de Pasco. .. Certain-teed Prod Ches & Ohio (2%)... Chesapeake Corp (2) Chi Mil StP & Pac pf. Chi & Northwestern. Chi & Northwest pf. . Chi §t Paul M & O pf. Chi Yellow Cab (1). Chrysler Corp () City Ice & Fuel (2). City Ice&Fuel pf 6%. Coca-Cola Co (7).... Colgate-Palm-P (1). Colo Fuel & Iron.... Columbia Gas (b1 Columnb Gas pf A ( Columbia Plc ctfs. Columb Carbon (2).. Commercial Credit. . Comel Credit A (3).. Comel Inv Trust (2). Comcl Inv cv pt(e6). Comecl Solv (60¢).... Comwlth & Southn. . Comwlth & Sou pf(6) Congol-Nairn (§0e). Consol Cerprpf 6%. Consol Film. . . Consol Film pf. Consol Gas N Y (4).. Consol Gas NY pf(5) Consol Laund 50¢c... Cnnsol O] Corp. ... Contl Baking (A Contl Baking (B). Contl Can (2). Contl Insur (1.20) Cont Motors. . 4 Contl Oil (Del). Corn Products (3) 94 15 Cream of Wht(12%) Crown Cork & Seal. . 2 Cuba RRpf.... Cuhan-Am Sugar. Cuban-Am Sugar pf. Curtis Publish pf(7). Curtiss-Wright..... 27 Curtiss-Wright (A). 4)4 Cutler Hammer 3% Davega Stores (60c). 4915 Del & Hudson (6) 20% Del Lack & Westn. 2'; Denver & RG W pf. 18!, Diamond Match (1). 26'; Diamond Mach pf 1% 12'% Dome Mines (+1.30) . 14% Dominion Stores 1.20 10%; Doug Aircraft (75¢). 341 Drug Corp (4)...... 36': Dupont de Nem (2). 106 103 Dupont deN db pf(6) 101% 100 Duques Lt 1st pf (5). Durham Hos pf ailc. Eastman Kodak (3). 51 Eaton Mg Co....... 18 Elec Auto-L (1.20). 1% Elec & Musical Ins 5% Elec Pwr& Lt.. 7 Engineers Pub Sve. 5 ErieRR 5% Erie R R 1st pf. 10 _Exchange Buf (25¢). % Federal Screw Wks.. 4 Fed Water Service A. 7« Fidelity-Phoen 1,20, . §1% First Nat Strs (235)s. 3% Follansbee Bros. . 20% 18% Fourth Nat Inv 1.30 215 Fox Film (A),. 26% 23 Freeport-Texa 7 6% Gamewell Co,"...... 3 Gen Am Investors. .. 16% Gen Am Tank Car(1) 7 Gen Asphalt. 13 Gen Baking 10 3 5la 31y 14% Ggn Electric (40¢). 241 Gen Foods (2).. 1 Gen Gas & Rlec (A) 3813 Gen Mills (3). 12% Gen Motors (1). 72; Gen Motors pf (5). 2% Gen Outdoor Adv. ... 513 Gen Outdoor Adv (A) 274 Gen Public Service. . 13% Gen Ry Signal (1). 4% Gen Refractories. Gen Steel Casaing pt. 174 Glllette Saf Raz«1). 71% Glilette Saf R pf (5). 100 Gold Dust pf (6). 415 Goodrich (BF). 14 Goodyear Tire&Rub. 36 Goodyear 1st pf (7).. 12 Gotham Silk Hosiery 1% Graham-Paige. 44 Granby Consol. .\ 19 Grant (WT) (1). « 7% Great N 6% 18% 45 13% 21 5l 21% 1% not_given yesterday's paper. ales— Add 00 High. 88 6 97 160s 70 . 2 104% 35 1 208 4 2 1408 33 19 1104 2108 29 1508 3008 1060 8 1308 23 17 2 in this edition. 4% 9% /9% 61% 617% 12% 12% % 1% 2% 2% 86% 84% 6% 6% 121% 121% Th TN % 24 614 1033 62 7 103% 103'% 101 14% 101 14% 571 Ey =1 11+ 1P P e+ +01 +11000 | PO+ I+ ++ 1001+ II\||:|I Low. Close. Chge. A% 4% — % FREETT EE ERRLF FEREPEFE F N Sales o €ach stoei ~Prev. 19 High. T4 % L) 1215 50 8 v 281y 147 27 238 2% 134 A% 10% 31% 3% 2% 61 2% ¥ 1'a 3115 27% 102'5 18, 78 9 5% 515 QT Todav's individual sales ave 1933— Stock and Low. Dividend Rate. 6% Great West Sug..... 1 Grigsby Grunow..,, 20 % Guantanamo Sugar. . 1 915 Gulf States Steel.... 20 45! Hanna pf (7) 1208 8 Harbison & W Ly % Hartman Corp (A).. X 11; Hayes Body......... 2 691y Helme (GW) (17). 8713 Hercules Pow pf (7). 54 Hershey Choc (5)... 78 Hershey Choc pf(15) 145 Homestake Min (9).. 2 Houdaille-Hersh (B) 513 Howe Sound (40¢).. 143, Hudson & Man (214 4% Hudson Motor Car. 2% Hupp Motors. . 11% Ilinois Central 3 Ind.an Motor Cycle. . Industrial Rayon (2) Ingersoll-Rand (2).. 3 Inland Steel... 4% Interboro Rap Trans. 23, Interlake Iron....... 89 Int Bus Mach (§).... 274 Int Carriers Ltd 20c. 8 Int Cement.. . Int Harvester (1.20). Int Harvester pf (7). 54 Int Hydro-Elec (A). . 1% Int Merchant Marine 77 Int Nickel of Can. ... 2'5 Int Paper & Pwr pf.. 16 IntSalt (1%). 24%"Int Shoe (2). . 11% Irt Silver. . . 34 IntSilver pf (4). 6% Int Tele & Teleog. . - .. 13 Island Creck Coal(2) 25 Jewel TeaCo (3). 19% Johns-Manville. 113 Kelly Spring Tire. .. 3y Kelsey-Hayes Wheel 43, Kelvinator Corp. 8% Kennecott Coppe: Kirney (G R) Co 7 Kinney (G R) Co pf. #1, Kresge (SS) Co (1).. 27 Kress (S H) Co (i1). s Kreuger & Toll. 1612 Krozer Grocery (1).. 28% LambertCo (4)..... 36 Leh Port Cmtpf3%. 10'3 Lehigh Valley R R. . 41'¢ Lehman Corp (2.40). 6 Libbey Owens Glass, 50 Liggett & Myers(t5) 514 Ligg & Myers B (16). 13'y Liquid Carbanic. 16 £ 4 80s 16 241, 13 20% 80 ). Loose-Wiles Bis (2). 114 Lorillard (P) (1.20) oy Louisiana Ofl. 181 Lou Gas&El A 21% Loulsville & 2 16% McCall Corpn (2). 1 1 18 a4 23 2 18 29'y 1y McKeesport T P (4). McKesson & Robbins McLellan Stores. ... Mack Trucks (1). Maey (RH) & Co (2) Mandell Brothers. . Manhat Elev mod gtd Maracaibo O1l Exp. . Marine Midld (80c).. Marmon Motor Car. . Mathieson Alk (1%). Mathieson Alk pf(%). 4 Miami Copper....... Mid Continent Petm. Midland Stl 1st pf(8) Minn Moline Pow... MStP&SSMpf. Minne & St Louis. Mo Kan & Texas Mo Kan & Texas pf.. Missouri Pacific. . Missouri Pacific pf. . Mohawk Carpet. ... 271 Monsanto Chem 1% . 12% Montgomery Ward.. 1y Mother Lode. 3 Motor Wheel 134 Nash Motors (1).. 13 sh Chat & St L. 1% Nat Acme Co. . 7 t Biscuit (2.80) Biscuit pt (T) Nat Cash Reg (A) Nat Dairy Prod (2 Nat Lead pf A (7) 1 Pwr & Lt (1). Nat'Steel (50¢).... Nat Supply Co Nat Supply pf. Nat Tea (60c). vada Con Copper. 5% 111 2% 4% Tl N Y Central... NY & Harlem (5 N Y & Harlem pf Y Inve NYNH % N Y Ont & Wester: N Y Shipbuilding. ... N Y Steam pf (6) . Noranda Min (a1.10) Norfolk & West (8).. orth Am Aviation.. Nor Amer(b10 % stk) Ohio Ol (250C)..... Oliver Farm Bquip. 1% Omnibus Corp. Oppenheim Collins. . 10% Otis Elevator (1). 3 Otis Steel..... 7 Otis Steel pr pf. 287 Pacific Gas & El (2) 387 Pacific Lighting (3). 2% Packard Motor Car.. 614 Panhandle P & R pf ~1% Paramount Publix % Park Utah. 1 Peerless Motor Car.. Penick & Ford (1)... Penney (J C) (1.80). Penny (J C) of (6).. 13% Penna Railroad..... 70 Peoples Gas Chi (5). 6 Pere Marquette pr pf 4% Petrol Corp of Am... 4'3 Phelps Dodge. .. . 3% Phila & Read C&1I... Philip Morris&Co(1) Phillips Petroleum. .; Pierce Oll pf.... Pierce Petroleum. Plymouth Ol (1). Poore & Co (B). Pressed Steel Car. . . Proctor & Gam(1%). Public Sve N J(3.20). Public Sve NJ pf (7). Pullman Corp (3). Pure Oil... Pure Ofl pf (8) Purity Bakeries (1 Radio Corp. Radio Corp pf B. Radic-Kelth-Orph. Reading Rwy (1). % Real Silk Hosiery... Real Silk Hoslery pf. Reis (R) & Co 1st pf. Remington-Rand.... 4 Reo Motor Car Republic Steel Republic Steel pf... Reynolds Metals(1) 5 Reynolds Spring. . 60 Reynolds Tob A (3) 26's Reynolds Tob B (3).. 19% Roval Dutch . 39% Safeway Storea (3). T% St Joseph Lead. 1 St L-San Francisco. 1% St L-San Franpf.... 17% Seaboard Oil Del 40s. 18% Sears Roebuck. .. 34 Second Nat Inv pf... % Seneca Copper. 1% Servel Ine. .. 313 Sharp & Dohme. 4% Shell Union Ofl. 6% Simmons Co.. 29 2413 90 10% Sloss-Sheff Steel pf. 2% Snider Packing...... T% Socony Vacuum 40c. 15 Seuthern Pacific. . 4% Southern Railway 20 Spear & Colstpf... 14% Standard Brands (1). 13% Stand Gas&El (1.20). 20% Stand Gas&El pf (4). 41 Stand Gas&El pf (6). 45% Stand Gas&El pf (7). 2 237% Stand Oil Calif (2)... 138 $9% Stand OLExp p£ (5)e - .2 100 Bl caition are Trom ‘restord in this edition. ay’s paper. les— et Add 00 Hizh. Low. Close. Chee 18 T T T4 1% e t+1+1101 FEEFEEESL 1, + 11 SR IEEEE LR EE 1+ t+'.lll - & Ll ++ 1 il | %] SR CENE S8R A 1+1+1 - F§OEE EEECEREE £ RERE I+l st el il s T D FEELF & LIV LV +4 8 gk Sseseses - % +1 {3.00; tomatoes, repacks, 3-pa D. C., MONDAY, N Today's individual sales are Sales of each stock in this edition are from Stock and Bales— Dividend Rate. 15~ Stana Oil Kansas.... 30 Stand OIINJ (12). % Sterling Secur (A). 1% Sterling Secur ptf 3% Stewart Warner. T% Stone & Webster. 4 Studebaker Corp. 30% Studebaker pf (7). 7% Superheater Co(50e) . 179 9 1% Tex Pacific Coal&O1l. 11 Thermold Co. % Thompson Starrett 12 Thompson-Staret pi 3% Tido Water Asso Oil. 4115 Tide Water As pf () 2% Timken-Detroit Axle 14% Timken Roller Bg(1) 5 Transamerica Corp.. 3% Tri-Contl Corp...... % Ulen & Co Un Carb! Union Pacific (6) Union Pacific pf (4). Unit Aircraft. . Unit Biscuit (2). Unit Carbon. . Unit Cigar Stores. Unit Corp (40¢) Unit Corp pt (3). 4 Unit Electric Coal, Unit Fruit (2)....... % Unit Gas&Im (1.20)., Unit Gas&Im pf (5).. “nit Paperboard. U S Gypsum (1.60).. U S Gypsum pf (7)., U S Indus Alcohol. ... U S Pipe&Fdry (50¢) U S Rubber-......... U S Smtg & Ref (1).. U'S Steel .. 1035 net_given Add 00. High. 82 164 JA i in this edition. NOTE—Today's yésterdar's paver. Sales of each stock ~Prev. 1033— Low. 59 U S Steel 1 United Stores (A) 5 Univ Pipe & Rad. 34 Util Pwr Ward Bal West Pa West Pa. West Pa West Pa. Western 4« Western Western Westing’ w FEFEFE 37% 16 38% 4 13% Frersrss #2es 13 3615 Wrigley T+l +0+ Sales of 10:30 AM. 1:30 P.M....... Dividend rates as payments based on the | 4% 10 stock. aPaid stock. .. | 2% in stock. © Payable in scrip. Washington Produce WHOLESALE PRICES. Butter—One-pound prints (93 score), 23; tub, 22; one-pound prints (92 score), 23; tub, 21; one-pound prints (91 score), 22; tub, 20; one-pound prints (90 score), 20; tub, 19. Eggs—Hennery whites, 16a18: current receipts, 15a17; Government graded ex- tras, 21; standards, 19; mediums, 18. Poultry, alive—Turkeys, young hens, 16al8; young toms, 14a15; old toms, 13a | 14; young toms, over 20 pounds, 11; old hens, 10a12; chickens, Plymouth Rock broilers, 13a14; Plymouth Rocks, 4 pounds and over, 15a16; under, 12al13; mixed colored chickens. horns, 10; colored hens, 13a15; Leghorn hens, 7a8; hens. 4 pounds and over, 12a14; capons, large, 17a19: small, 15a 16; roasting chickens. 15al16; keats, old, 20a25; young, 25a35; roosters, 7a8. Poultry, dressed — Turkeys, young hens, 19a21; young toms, toms, 16al17; old hens, 13al5; chickens, Plymouth Rocks, 4 17a19; under, 14al5; Plymouth Rock broilers, 16al7; capons, large, 21a23; small, 17a19; mixed colored chickens, 14a15; Leghorns, 14; roosters, 10al12; hens, 4 pounds and over, 15al7; keats. young, 20a30; old, 15a20. Meats—Beef, 10; lamb, 27: veal, 11;| pork loins, 10; fresh hams, 10; smoked hams, 11; strip bacon, compound, 7. . Game—Rabbits, per dozen, 1.50a1.80. Pruits—Apples, fancy box stock, 1.75a 2.25; pears, 1.50a2.50; pineapple, 2.25a | 3.50; cranberries, 2.50; alligator pears, 250a3.00; oranges, 2.50a3.50; lemons, 4.00a6.00: grapefruit, 2.00a2.25; tanger ines, 1.25a1.50; bananas, 1.50a2.50; rhu- barb. 5-pound boxes, 50a60; straw- berries, pints, 15a20; quarts, 25a40; Spanish melons, 6.00a7.00; honeydews, 4.0025.00; grapes, 1.50a2.50. Vegetables—Potatoe: Maine, 125a 1.35; New York, 1.15; Idaho bakers, 1.75a2.00; sweets, 50a75; turnips, 40a 50. parsnips, 1.00: salsify, per dozen bunches, 60; spinach, 50a1.00; kale, 25 a40; cabbage, new. baskets, 50a1.00: old, sacks, 65a75; string beans, 1.00a2.00; peas, 3.00a3.50; lettuce, Iceberg, 3.40a 3.75; peppers, 1.50a2.00; squash, 2.50a contain- ers, 1.75a2.50: beets. 2.50a2.75: carrots. 2.50a2.75; caulifiower, 1.50a1.90; mush- rooms, 75; broccoli, 2.50a3.00. CHRISTMAS SAVING FUND PLAN IS SUGGESTED By the Associated Press. A discount plan designed to build up a Christmas savings fund for customers of retail stores has been reported to the Commerce Department. ‘The plan calls for giving consumers discounts of 2 per cent on sales of 25 cents or more, the total being paid to| the customer by the merchant in cash after December 1 each year. The dis- count is allowed on cash sales and on au credit accounts which are paid when lue. 5 Any number of retail stores in a town, the report stated, may participate as long as there is only one store in each line. Consumers are signed up by these stores and are given blank books in which these “savings certificates” are ::x.s‘t’ed as purchases are made or bills PRSI~ EARNINGS REPORTED. NEW YORK, January 23 (#).—Per share earnings of corporations report- ing in the past week with 1931 com- parisons included the following: Year Ended December 31 Liggett & Myers .. B American Superpower Bond & Share, - ples Gas Tampa Electric _: Scotten. Dillon Co. Carno Mills . Six Month Ended December 31. Julius Kayser & Co. .33 Nine Months Ended December 31. MclIntyre Porcupine Mines.. 2.21 Year Ended November 30. General Tire & Rubber Hamiiton Woolen . Eleven Months Atchison Topeka & Pennsylyania R. R. *On $6 preferred. tCommon. 30n combined preferred stocks. SILVER QUOTATIONS. NEW YORK, January 23 (#).—Bar silver was higher today in the New York market, which followed a rise at London. The quotation here was 2553 cents an ounce, Up % cent from Sat- Steel Output Increases. CLEVELAND, January 23 (#).—The magazine Steel reported that produc- tion in the industry for the week ended January 21 expanded one point to 18 Increased miscel- needs of the automotive industry were given as the reason. NEW YORK BANK STOCKS NEW YORK. January 23 (#)—Over- the-counter market: Quotations as of 2 o'clock. Bid. 20% 12al4; Leg- | 17a18; old | pounds and over, | 13; lard, Tla; | Stock and Dividend Rate. % Vadsco Sales Corp... 77 _Va Elec&Pw pf (5).. 100, Wabash of (A). ‘Warner Quinlan Warren Bros. Warren Found & P.. ingh White Sewing Mach. Wilcox Oil & Gas. Willys-Overland. Wilson & Co (A). Woolworth (2.40) Worthington Pump. 3% Yellow Truck. 97% Youngstown S 5 1 % Zenith Radio........ Slod!lw on New York Exchange. *Unit of trading less than 100 shares. e Payable in cash or stock. 1Plus $1 in special preferred stock. m Paid Jast year—no regular rate. nPlus 5% in stosk. FINANC ividual sales are mot given in this edition. is edition are from yesterday's P et Low. Close. Chi f (7 &Lt (A)... king (B} Elec A (1) Elec pf (6).. Pwrpf (6). Pwrpf (7). Maryland. Pacific pf. Union, Alr . se Elec. . FISPE FREEE FFF (Wm) (3). .000 12:00 Noon. 370.000 2:10 P.M. . given in the above table 250,000 470,000 th cash ! annual latest quarterly or half-yearly declarations. 1Plus b Payable in {Plus 8% In stock. hPlus kPlus 3% in this ¥ NOW 42 YEARS OLD | | About 200 Units Added During | Year—Many Stores Are Also Enlarged. The American Stores Co., which has been doing business in Washington ever since purchase of the Old Dutch Mar- ket Co. is completing 42 years in the | grocery business this week. Through- cut the system the 2,950 stores are making the event with special sales. Company officials report that the year | 1932 was one of marked expansion. | About 200 new stores were opened dur- ing the year at conveniently located | peints, the ccmpany now doing business in Pennsylvania, New Jersey, Delaware, | New York, Maryland. Virginia, West In addition to the new stores opened. many were remodeled, enlarged and more up-to-date equipment installed. | Since the first store of the company | was opened, 42 years ago, many changes have been wrcught in the grocery busi- | ness. New methods of canning, pack- ing and transportation have resulted in an increase of quality. freshness and flavor in numerous products. | Over 15,000 employes are on the com- | pany's pay roll. Wages paid to these | employes are beneficial to the local | communities by helping to stimulate | | business for other merchants and in- dustries through the usual channels of family expenditures. One of the officials of the company | has stated: “In spite of the drop in food prices, which averaged from 14 to | | 17 per cent, we have had a very :atis- | | factory year. The outlook for the com- |ing year is very bright.” | DIFFERENCE IN BANKING | SYSTEMS IS ANALYZED By the Associated Press. | ‘The differences between the British and the American banking systems are in the following manner: “In Britain a few big banks, working | through many branches, have been evolved in process of time. The whole organization, with the Bank of England at its center, loses nothing in strength | | by reason of owing only a limited de- | | pendence upon the direction of the law | and a maximum upon experience. “In the United States, on the con- trary, the powers of the Federal Re-| serve Board and banks and members alike are closely defined by act of Con- | gress, while outside that system are two-thirds—some 12,000—of the coun- try's banks, bound by the varying laws | of their own States.” GOLD STOCKS GAIN. NEW YORK, January 23 (#).—The| nation’s gold stocks have shown a net | gain of $489.900. Importations from | Holland totaled $3.076,600, but there | was a loss of $2,586.700 through net increase in earmarked stocks. Bank Clearings Gain. NEW YORK, January 23 (#.—R. G. Dun’s reports that bank clearings in the leading cities last week totaled $4,453.143,100, a gain of $45,188,000 over the preceding week. Reconsidering -~ Your WILL? o Misiy wills;'made some time ago, are being reconsidered, today One important reason the desire to place Estate and Trust administration in experienced and respon- sible hands for future family protection. o Officers of our Trust Department would be Sliueeditoidiscissiwith you the financial aspects of estate disposition and the advantages of our service, as executor and trustee. National tropolitan BANK Fifteenth Street 119 YEARS OLD Virginia and the District of Columbia. 3% defined by the London Financial Times | N Grain Market By the Associated Press. CHICAGO, January 23.— Notwith- | standing a sudden dip in prices short- | ly before the close. the wheat market today displayed stubborn strength. A transient increase of speculative selling was responsible for the tem- porary late setback. Rallies at the last were accompanied by some en- | largement of buying based more or less on 3,393,000 bushels curtailment of the | United States wheat visible supply total. | Wheat_closed firm, ! above Sat- | urday’s finish, corn 13-34 up, oats un- | changed to !s higher, and provisions | unchanged to a rise of 5 cents. | WHEAT— Ope £ July September OATS— May .. uly May it 33 U. S. TREASURY BALANCE. By the Associated Press. Treasury receipts for January 20 we $4.533.55232; expenditures, $11,447 :)05;5 liu!?.l.l Cez $382.950.335.31. Cus- les for 20 days of y Wi $12,632,447.02. Sy e PARIS BOURSE PRICES. PARIS, January 23 (P.—Three per cent rentes, 76 francs 30 centimes; 475 | per cent rentes, 92.50. { Exchange on London, 86.07. The dol- | - lar was quoted at 25.60!;. | INVESTMENT TRUSTS | NEW YORK. January 23 (#).—Over- | the-counter market: | Quotations as of 12 o'cloci . Bid Am Bank Stock .e i2 Bullock Pund 13 Cumulative Tr Sh.... . Corporate Trust Corporate Trust A'A A A m T Invest T: N'Y Bk Tr Shirs. Nor Am Tr_Sirs No- Am Tr Sh 14 No: Am Tr Sh 1956 Spencer Trask Fund 4| are also producers of silver, | and Super of Am Tr A.. Super of Am Tr AA Super of Am Tr B.. Super Super of 5 uper of Am Tr Trust Fund Snre. O Trusieed Am Bk A Han IAL STOCKS IRREGULAR IN QUIET MARKET List Hardens Against Sel-. ing Pressure—Price “Changes Small. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, January 23.—Most of the session of today’s stock market Was a reactionary affair. It hardened toward the end. however, and left off slightly lower, but not significantly so. Short covering appeared just the close, lifting the mdu:i'ri-lsb?lf': their low points of the day and, aided by buying of those copper stocks which market a better tone. Specul‘l‘t:;nnllrel tvr}:s ;1111,\;;‘:0 mnre{s followed reports from n of vari P“A “l!. ous inflationary Dplication for a receiver for Radio- xe‘xl'.rh-ro:sp:lx;fe‘:’m,1 announced in the last et ed in some selling of the The market openea lower and los ;;re in the majority all through Bfl: “t hour. en prices hardened enough so that by noon there was negligible net change. Among the few features were the selling in Woolworth the strength in the gold mining .st;;cks. Woolworth was rather freely offered for botn accounts, apparently on the theory that the stock was sell- ing high in comparison with the rest of the market. The result was a new Lo: on this reaction and the lowest the s éxey::.a: been quoted since the first of n the gold mining list, Hom¢ advanced 2 or 3 points and Dome 1\&4:1: made a new high for this year and last Dome last week declared two extras of 10 cents besides the regular 25-cent quarterly dividends. Assuming these extras were to be continued, the stock will give an extraordinarly high yield. Railroad shares were irregular. but €00d support was in evidence for Penn- sylvania and Union Pacific. The de- mand for Pullman kept up surprisingly well. Borden declined fractionally on the announcement that the price of milk had been cut in the metropolitan district. One large block of Radio came out, 16,700 shares, off a fraction. Per- haps a result of the litigation at Wilmington asking for of the consent decree. . © ooincation The only reflection in the market of the statement by President-elect Roose- velt in favor of Government operation of Muscle Shoals was a drop of a paint in Allied Chemical, which might be sup- posed to be effected by Government competition in nitrate production. How- | ever, the selling was not followed up. Allied Chemical was the leader in the advance early in the month and still has many friends. Steel stocks made no response to the expansion of a point in rate of opera- tions reported by the trade authorities in their weekly review. United States Steel common was heavy. as was the preferred. A week from tomorrow the directors meet to act on the preferred dividend. The stock nevertheless is more than 10 points above its bear market _low. Sun Oil declared the regular dividend on the common stock. TYLER O AND WOYRERE First trust notes well secured on ached. modern residences. for sal nd__accrued interest. pii 0_K St W REAL _ESTATE _NOT] INTEREST MORTGACE ' LOANS In the District of Colum- bia and Nearby Maryland and Virginia | REALTORS Correspondent he Metropolitan Life Insurance Company Washington Building District 9486 53rd YEAR COMPLETED Tsiesd Am B A 505 e QIIIIIHIIIIIIIIIIIIIIIIIIIIlIIlIIIHHIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIfliIllllIIIIIIIIIIIlIIIIIHI||I||IIIIIIIIIHIIIIII|I|I|I|IIIIIOIIIIIIIIlllllllg JOHN JOY EDSON, President Assets...... essene £ £ £ E Subscriptions for the 104th Issue of Stock Being Received JOIN THE EQUITABLE AND SAVE SYSTEMATICALLY Always Remember— It is not what you earn, but what you Save That Counts. 915 F St. N.W. 00 BEIR ST Equitable Co-Operative Bldg. Ass'n WALTER S. PRATT, Jr., Secretary seenees...$6,251,006.24 The Equitable’s Plan of systematic saving has taught Thousands how to save and accomplish best Results. Join To- day. OO O OO 1 OO 00 MORTGAGES YOU WANT SOMETHING BETTER THAN “HOPE” IN AN INVESTMENT In choosing investment for your surplus funds be guided by two thing stability of —the security offered and the the interest. These two features recommend investment in Over a Third o of a Century Without a Loss to an appraised; Investor. May be 69 FIRST MORTGAGES because the security given is first trust on improved Washington real estate which has been conservatively and the 6% interest is fixed and will not change. purchased in amounts from $250 up. B. F. SAUL CO. National 2100 THERE 925 15th St. N.W. IS NO SUBSTITUTE FOR SAFETY .